EXHIBIT 10.1


 


FIRST AMENDMENT TO AMENDED AND
RESTATED CREDIT AGREEMENT


This FIRST AMENDMENT
TO AMENDED AND RESTATED CREDIT AGREEMENT (this “First Amendment”) dated as of March 3, 2021, by and among SPECTRUM
BRANDS, INC., a Delaware corporation (the “Lead Borrower”), SB/RH HOLDINGS, LLC, a Delaware limited liability
company (“Holdings”), ROYAL BANK OF CANADA, as administrative agent (in such capacity, the “Administrative
Agent”) under the Loan Documents and the financial institutions party hereto (the “2021 Term Lenders”),
as 2021 Term Lenders. Unless otherwise indicated, all capitalized terms used herein and not otherwise defined herein shall have
the respective meanings provided to such terms in the Credit Agreement referred to below.


W I T N E S S E T H :


WHEREAS, the Lead
Borrower, Holdings, the Administrative Agent, each lender from time to time party thereto (the “Lenders”) and
the other parties thereto have entered into the Amended and Restated Credit Agreement, dated as of June 30, 2020 (as the same
has been amended, restated, supplemented and/or otherwise modified from time to time prior to the First Amendment Effective Date
referred to below, the “Credit Agreement”);


WHEREAS, the Lead
Borrower has notified the Administrative Agent pursuant to Section 2.22 of the Credit Agreement that it wishes to obtain
a new tranche and Class of term loan commitments in an amount equal to $400,000,000, in accordance with the requirements set forth
in Section 2.22 of the Credit Agreement and otherwise on the terms and conditions provided herein (the “2021
Term Facility”, the term loan commitments of each 2021 Term Lender thereunder, the “2021 Term Commitments”
and the Loans made by each 2021 Term Lender pursuant thereto, the “2021 Term Loans”);


WHEREAS, the 2021
Term Lenders have severally, and not jointly, agreed to provide the percentage of the 2021 Term Facility set forth opposite their
respective names on Schedule I hereto, on the terms and conditions provided herein; and


WHEREAS, contemporaneously
with the effectiveness of the 2021 Term Facility on the First Amendment Effective Date, the Borrower wishes to (i) make certain
amendments to the Credit Agreement to provide for the 2021 Term Facility, and (ii) make certain other modifications to the Credit
Agreement set forth herein;


NOW, THEREFORE,
in consideration of the premises and the agreements contained herein, the parties hereto agree as follows:


Section 1.         
2021 Term Facility.


(a)               
Subject to the terms and conditions set forth herein and the occurrence of the First Amendment Effective Date, the 2021
Term Lenders hereby agree severally, and not jointly, to provide the percentage of commitments in respect of the 2021 Term Facility
set forth opposite their respective names on Schedule I hereto. On and after the First Amendment Effective Date, 2021 Term
Loans incurred pursuant to the 2021 Term Facility shall constitute “Initial Term Loans”, “Term Loans” and
“Loans” for all purposes of the Credit Agreement (as amended hereby) and the other applicable Loan Documents and the
2021 Term Commitments shall constitute “Initial Term Commitments”, “Term Commitments” and “Commitments”
for all purposes of the Credit Agreement (as amended hereby) and the other applicable Loan Documents.


 






     


     


    

 


(b)               
Upon the occurrence of the First Amendment Effective Date (after giving effect to the 2021 Term Facility), the 2021 Term
Lenders (i) shall be obligated to provide the 2021 Term Facility as provided in this First Amendment on the terms set forth in
the Credit Agreement (as amended hereby) and in this First Amendment and (ii) to the extent provided in this First Amendment, shall
have the rights and obligations of a “Term Lender” and a “Lender” thereunder and under the other applicable
Loan Documents.


Section 2.         
Amendments. Subject to the terms and conditions set forth herein and the occurrence of the First Amendment
Effective Date:


(a)               
 the Credit Agreement is hereby amended to delete the stricken text (indicated textually in the same manner as the following
example: stricken text) and to add the double-underlined text (indicated textually
in the same manner as the following example: double-underlined text)
as set forth in the pages of the Credit Agreement attached as Annex I hereto;


(b)               
Schedule 1.01(a) to the Credit Agreement is hereby amended and restated in the form attached hereto as Annex II;


(c)               
the Credit Agreement is hereby amended by incorporating Exhibit A-2 in its entirety in the form attached hereto as
Annex III; and


(d)               
Exhibit C to the Credit Agreement is hereby amended and restated in the form attached hereto as Annex IV.


Section 3.         
Conditions of Effectiveness of this First Amendment.


This First Amendment
shall become effective on the date when each of the following conditions shall have been satisfied (such date, the “First
Amendment Effective Date”):


(a)               
the Lead Borrower, the Administrative Agent and each 2021 Term Lender shall have signed a counterpart hereof (whether the
same or different counterparts) and shall have delivered (including by way of facsimile or other electronic transmission) the same
to Davis Polk & Wardwell LLP;


(b)               
[reserved];


(c)               
the Administrative Agent shall have received from the Lead Borrower a certificate executed by a Responsible Officer of the
Lead Borrower, certifying that on the First Amendment Effective Date (i) both immediately prior to and after giving effect to this
First Amendment, no Default or Event of Default shall exist and (ii) each of the representations and warranties set forth in the
Credit Agreement and in the other Loan Documents (including the representations and warranties set forth in Section 6 of this First
Amendment) shall be true and correct in all material respects (or, if qualified by materiality, in all respects) on and as of the
First Amendment Effective Date with the same effect as though made on and as of the First Amendment Effective Date, except to the
extent such representations and warranties expressly relate to an earlier date, in which case they shall be true and correct in
all material respects (or, if qualified by materiality, in all respects) as of such earlier date;


(d)               
the Administrative Agent shall have received the Acknowledgment and Confirmation, substantially in the form of Exhibit A
hereto, executed and delivered by a Responsible Officer of each of Holdings, the Lead Borrower and each Subsidiary Guarantor;


(e)               
the Administrative Agent shall have received from the Lead Borrower a solvency certificate from the chief financial officer
(or other officer with reasonably equivalent responsibilities) of


 






    	 	2	 



     


    

 


the Lead Borrower substantially in the form of Exhibit M
to the Credit Agreement (modified as appropriate to give effect to this First Amendment);


 


(f)                
the Administrative Agent shall have received (i) either (x) a copy of the certificate or articles of incorporation
or equivalent organizational document, including all amendments thereto, of each Loan Party, certified as of a recent date by the
Secretary of State of the state of its organization or (y) confirmation from such Loan Party that there has been no change
to such organizational documents since last delivered to the Administrative Agent, (ii) a certificate of the secretary or
assistant secretary of each Loan Party dated the First Amendment Effective Date and certifying (A) that (x) attached
thereto is a true and complete copy of the by-laws or operating, management, partnership or similar agreement of such Loan Party
as in effect on the First Amendment Effective Date and at all times since a date prior to the date of the resolutions described
in clause (B) below or (y) there has been no change to such governing documents since last delivered to the Administrative
Agent, (B) that attached thereto is a true and complete copy of resolutions duly adopted by the board of directors or other
equivalent governing body of such Loan Party authorizing the execution, delivery and performance of this First Amendment and/or
the Acknowledgement and Confirmation delivered pursuant to clause (d) above and that such resolutions have not been modified,
rescinded or amended and are in full force and effect, (C) that any attached certificate or articles of incorporation, equivalent
organizational document, by-laws, operating, management, partnership or similar agreement of such Loan Party has not been amended
(in the case of the articles of incorporation of each such Loan Party, since the date of the last amendment thereto shown on the
certificate of good standing furnished pursuant to clause (E) below), (D) to the extent not previously delivered to the
Administrative Agent, as to the incumbency and specimen signature of each officer executing this First Amendment or any other document
delivered in connection herewith on behalf of such Loan Party and (E) good standing certificates for each Loan Party from
the jurisdiction in which it is organized, each dated a recent date prior to the First Amendment Effective Date; and (iii) a
certificate of another officer as to the incumbency and specimen signature of the secretary or assistant secretary executing the
certificate delivered pursuant to clause (ii) above;


(g)               
the Administrative Agent and each 2021 Term Lender shall have received a favorable written opinion of Paul, Weiss, Rifkind,
Wharton & Garrison LLP, as New York counsel to the Loan Parties, reasonably acceptable to the Administrative Agent and each
such 2021 Term Lender dated the First Amendment Effective Date;


(h)               
the Administrative Agent shall have received from the Lead Borrower a certificate executed by a Responsible Officer of the
Lead Borrower, certifying that all of the requirements of Section 2.22 of the Credit Agreement (as amended by this
First Amendment) with respect to the 2021 Term Facility thereunder have been satisfied;


(i)                
the Administrative Agent shall have received all fees to be paid by the Lead Borrower on the First Amendment Effective Date
pursuant to that certain Fee Letter, dated as of February 16, 2021 between the Lead Borrower and each Arranger referenced therein
(collectively, the “2021 Lead Arrangers”);


(j)                
so long as reasonably requested in writing by the Administrative Agent or the 2021 Lead Arranger (as defined below) at least
ten Business Days prior to the First Amendment Effective Date, the Administrative Agent and the 2021 Lead Arrangers shall
have received, at least two Business Days prior to the First Amendment Effective Date, all documentation and other information
with respect to the Loan Parties that is required by regulatory authorities under applicable “know your customer” and
anti-money laundering rules and regulations, including the USA PATRIOT Act and the beneficial ownership regulation required by
31 C.F.R. § 1010.230; and


 






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(k)               
the Administrative Agent shall have received a Borrowing Request as required by Section 2.03 of the Credit Agreement
for the 2021 Term Loans to be made on the First Amendment Effective Date.


Section 4.         
Costs and Expenses. The Lead Borrower hereby reconfirms its obligations pursuant to Section 9.03(a)
of the Credit Agreement to pay and reimburse the Administrative Agent, each 2021 Lead Arranger and each 2021 Term Lender and their
respective Affiliates for all reasonable and documented out-of-pocket costs and expenses (including, without limitation, reasonable
fees and out-of-pocket expenses of counsel) incurred in connection with the negotiation, preparation, execution and delivery of
this First Amendment and all other documents and instruments delivered in connection herewith.


Section 5.         
Remedies. This First Amendment shall constitute a “Loan Document” for all purposes of the Credit
Agreement and the other Loan Documents.


Section 6.         
Representations and Warranties. To induce the Administrative Agent and the 2021 Term Lenders to enter into
this First Amendment, each Loan Party hereto hereby represents and warrants that, immediately prior to and immediately after giving
effect to this First Amendment:


(a)               
the execution, delivery and performance by it of this First Amendment and, in the case of Holdings and the Lead Borrower,
the performance by it of the Credit Agreement (as amended hereby) does not (i) violate any provision of law applicable to
it, its Organizational Documents, or any order, judgment or decree of any court or other agency of government binding on it, (ii) conflict
with, result in a material breach of or constitute (with due notice or lapse of time or both) a material default under any of its
Contractual Obligations, (iii) result in or require the creation or imposition of any Lien (other than Liens in favor of the
Collateral Agent) upon any of its properties or assets or (iv) require any approval of stockholders or any approval or consent
of any Person under any of its material Contractual Obligations, other than those approvals and consents which have been obtained;


(b)               
it has all requisite organizational power and authority to enter into this First Amendment and the execution, delivery and
performance by it of this First Amendment and, in the case of Holdings and the Lead Borrower, the performance by it of the Credit
Agreement (as amended hereby) has been duly authorized by all necessary organizational action by it; and


(c)               
it has duly executed and delivered this First Amendment, and this First Amendment, the Credit Agreement (as amended hereby)
and each other Loan Document to which it is a party constitutes the legally valid and binding obligations of it, enforceable against
it in accordance with their respective terms, except as enforcement may be limited by bankruptcy, insolvency, reorganization, moratorium
or similar laws relating to or limiting creditors’ rights generally or by equitable principles relating to enforceability.


Section 7.         
Reference to and Effect on the Credit Agreement and the Loan Documents.


(a)               
On and after the First Amendment Effective Date, each reference in the Credit Agreement to “this Agreement,”
“hereunder,” “hereof” or words of like import referring to the Credit Agreement shall mean and be a reference
to the Credit Agreement, as amended by this First Amendment.


(b)               
The Credit Agreement and each of the other Loan Documents, as specifically amended by this First Amendment, are and shall
continue to be in full force and effect and are hereby in all respects ratified and confirmed. Without limiting the generality
of the foregoing, the Collateral Documents and all of the Collateral described therein do and shall continue to secure the payment
of all Obligations of the applicable Loan Parties under the Loan Documents, in each case, as amended by this First Amendment.


 






    	 	4	 



     


    

 


(c)               
The execution, delivery and effectiveness of this First Amendment shall not, except as expressly provided herein, operate
as a waiver of any right, power or remedy of any Lender or the Administrative Agent under any of the Loan Documents, nor constitute
a waiver of any provision of any of the Loan Documents.


Section 8.         
Governing Law. THIS FIRST AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE
STATE OF NEW YORK.


Section 9.         
Counterparts. This First Amendment may be executed in any number of counterparts and by the different parties
hereto on separate counterparts, each of which counterparts when executed and delivered shall be an original, but all of which
shall together constitute one and the same instrument. Delivery by facsimile or electronic transmission of an executed counterpart
of a signature page to this First Amendment shall be effective as delivery of an original executed counterpart of this First Amendment.
The words “execution,” “signed,” “signature,” and words of like import in this First Amendment
and the other Loan Documents including any Assignment and Assumption shall be deemed to include electronic signatures or electronic
records, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature 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 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.


[Signature Pages to follow]





 






    	 	5	 



     


    

 


IN WITNESS WHEREOF, each of the parties hereto has caused a counterpart of this
First Amendment to be duly executed and delivered by the parties hereto as of the date first
above written.


 





	 	SPECTRUM BRANDS, INC.,	 
	 	as the Lead Borrower	 
	 	 	 	 	 
	 	 	 	 	 
	 	By	/s/ Joanne P. Chomiak	 
	 	 	Name:	Joanne P. Chomiak 	 
	 	 	Title:	Senior Vice President  - Tax and Treasurer 	 



 


 





	 	SB/RH HOLDINGS, LLC,	 
	 	as Holdings	 
	 	 	 	 	 
	 	 	 	 	 
	 	By	/s/ Joanne P. Chomiak	 
	 	 	Name:	Joanne P. Chomiak	 
	 	 	Title:	Senior Vice President  - Tax and Treasurer 	 



 


 


 


 









     


     


    

 





	 	ROYAL BANK OF CANADA, as
    a 2021 Term Lender	 
	 	 	 	 	 
	 	 	 	 	 
	 	By	/s/ Gordon MacArthur 	 
	 	 	Name:	Gordon MacArthur 	 
	 	 	Title:	Authorized Signatory 	 



 


 





	 	ROYAL BANK OF CANADA, as
Administrative Agent	 
	 	 	 	 	 
	 	 	 	 	 
	 	By	/s/ Helena Sadowski 	 
	 	 	Name:	Helena Sadowski 	 
	 	 	Title:	Manager, Agency 	 



 


 


 









     


     


    

 


ANNEX
I


 


AMENDED AND RESTATED CREDIT AGREEMENT



dated as of June 23, 2015,


as amended and restated on June 30, 2020,


as
amended on March 3, 2021






 


among



SPECTRUM BRANDS, INC.

as the Lead Borrower,



SB/RH HOLDINGS, LLC,

as Holdings



THE LENDERS PARTY HERETO



and



ROYAL BANK OF CANADA

as Administrative Agent and Collateral Agent



and



ROYAL BANK OF CANADA, JPMORGAN CHASE BANK, N.A. and BANK OF AMERICA, N.A.

as Issuing Banks





and




RBC CAPITAL MARKETS*,

J.P. MORGAN SECURITIES LLC, CREDIT SUISSE SECURITIES (USA) LLC and


BARCLAYS BANK PLC

as Joint Bookrunners and Joint Lead Arrangers


and


JPMORGAN CHASE BANK, N.A.

as Documentation Agent


and


ROYAL BANK OF CANADA


as Syndication Agent


 








 


 


 


___________________________


* RBC Capital Markets is a brand name for the capital markets business
of Royal Bank of Canada and its affiliates.



     


     


    

 


Article
1


 


DEFINITIONS


 


	Section 1.01	Defined Terms	1
	Section 1.02	Classification of Loans and Borrowings	5360
	Section 1.03	Terms Generally	5361
	Section 1.04	Accounting Terms; GAAP.	5361
	Section 1.05	Effectuation of Transactions	5462
	Section 1.06	Timing of Payment of Performance	5562
	Section 1.07	Times of Day	5562
	Section 1.08	Additional Alternative Currencies.	5562
	Section 1.09	Currency Generally.	5563
	Section 1.10	Cashless roll-overs	5664
	Section 1.11	Certain Calculations and Tests.	5664
	Section 1.12	Rounding	5765
	Section 1.13	Available Amount Threshold	5765
	Section 1.14	Divisions	5765


 


Article
2


 


THE CREDITS


 


	Section 2.01	Commitments.	5765
	Section 2.02	Loans and Borrowings.	5866
	Section 2.03	Requests for Borrowings	5967
	Section 2.04	[Reserved].	6068
	Section 2.05	Letters of Credit.	6068
	Section 2.06	[Reserved].	6876
	Section 2.07	Funding of Borrowings.	6876
	Section 2.08	Type; Interest Elections.	6876
	Section 2.09	Termination and Reduction of Commitments.	6977
	Section 2.10	Repayment of Loans; Evidence of Debt.	7078
	Section 2.11	Prepayment of Loans.	7179
	Section 2.12	Fees.	7283
	Section 2.13	Interest.	7384
	Section 2.14	Alternate Rate of Interest	7586
	Section 2.15	Increased Costs.	7688
	Section 2.16	Break Funding Payments	7789
	Section 2.17	Taxes.	7889



 


 






    	 	-i-
	



     


    

 


	Section 2.18	Payments Generally; Allocation of Proceeds; Sharing of Payments.	8193
	Section 2.19	Mitigation Obligations; Replacement of Lenders.	8394
	Section 2.20	Illegality.	8495
	Section 2.21	Defaulting Lenders	8597
	Section 2.22	Incremental Credit Extensions.	8799
	Section 2.23	Extensions of Loans and Revolving Commitments.	92104
	Section 2.24	Lead Borrower as Borrower Representative	94107
	Section 2.25	Currency Equivalents.	94107
	Section 2.26	Ancillary Facilities.	94107
	Section 2.27	Benchmark Replacement.	99112


 


Article
3


 


REPRESENTATIONS AND WARRANTIES


 


	Section 3.01	Organization; Powers	100113
	Section 3.02	Authorization; Enforceability	100113
	Section 3.03	Governmental Approvals; No Conflicts	100113
	Section 3.04	Financial Condition; No Material Adverse Effect.	100113
	Section 3.05	Properties; Intellectual Property.	101114
	Section 3.06	Litigation and Environmental Matters.	101114
	Section 3.07	Compliance with Laws	101114
	Section 3.08	Investment Company Status	102115
	Section 3.09	Taxes	102115
	Section 3.10	ERISA.	102115
	Section 3.11	Disclosure.	102115
	Section 3.12	Solvency	102115
	Section 3.13	Capitalization and Subsidiaries	103116
	Section 3.14	Security Interest in Collateral	103116
	Section 3.15	Labor Disputes	103116
	Section 3.16	Federal Reserve Regulations.	103116
	Section 3.17	Economic and Trade Sanctions and Anti-Corruption Laws.	103116
	Section 3.18	Senior Indebtedness	104117
	Section 3.19	Use of Proceeds	104117
	Section 3.20	Insurance	104117
	Section 3.21	Central Administration; COMI	104117


 


Article
4


 


CONDITIONS


 


	Section 4.01	Closing Date	104117



 


 






    	 	-ii-
	



     


    

 


	Section 4.02	Each Credit Extension	106119


 


Article
5


 


AFFIRMATIVE COVENANTS


 


	Section 5.01	Financial Statements and Other Reports	106119
	Section 5.02	Existence	109122
	Section 5.03	Payment of Taxes	109122
	Section 5.04	Maintenance of Properties	109122
	Section 5.05	Insurance	109122
	Section 5.06	Inspections	110123
	Section 5.07	Maintenance of Book and Records	110123
	Section 5.08	Compliance with Laws	110123
	Section 5.09	Environmental.	110123
	Section 5.10	Designation of Subsidiaries	110123
	Section 5.11	Use of Proceeds	111124
	Section 5.12	Covenant to Guarantee Obligations and Give Security.	111124
	Section 5.13	Maintenance of Ratings	112125
	Section 5.14	[Reserved].	112125
	Section 5.15	Further Assurances	112125
	Section 5.16	Closing Date PostClosing Deliverables	113126


 


Article
6


 


NEGATIVE COVENANTS


 


	Section 6.01	Indebtedness	113126
	Section 6.02	Liens	119132
	Section 6.03	No Further Negative Pledges	122135
	Section 6.04	Restricted Payments; Certain Payments of Indebtedness.	123137
	Section 6.05	Restrictions on Subsidiary Distributions	128141
	Section 6.06	Investments	129142
	Section 6.07	Fundamental Changes; Disposition of Assets	133146
	Section 6.08	[Reserved]	136149
	Section 6.09	Transactions with Affiliates	136149
	Section 6.10	Conduct of Business	137151
	Section 6.11	Amendments or Waivers of Organizational Documents	138151
	Section 6.12	Amendments of or Waivers with Respect to Certain Agreements	138151
	Section 6.13	Fiscal Year	138151
	Section 6.14	Permitted Activities of Holdings	138151
	Section 6.15	Financial Covenant.	139152



 


 






    	 	-iii-
	



     


    

 


	Section 6.16	Center of Main Interests	140153


 


Article
7


 


EVENTS OF DEFAULT


 


	Section 7.01	Events of Default	140153


 


Article
8


 


THE
ADMINISTRATIVE AGENT


 


ARTICLE 9


 


MISCELLANEOUS


 


	Section 9.01	Notices.	149162
	Section 9.02	Waivers; Amendments.	150164
	Section 9.03	Expenses; Indemnity.	155170
	Section 9.04	Waiver of Claim	156171
	Section 9.05	Successors and Assigns.	156171
	Section 9.06	Survival	161176
	Section 9.07	Counterparts; Integration; Effectiveness	162178
	Section 9.08	Severability	162178
	Section 9.09	Right of set-off	162178
	Section 9.10	Governing Law; Jurisdiction; Consent to Service of Process.	163179
	Section 9.11	Waiver of Jury Trial	163179
	Section 9.12	Headings	164180
	Section 9.13	Confidentiality	164180
	Section 9.14	No Fiduciary Duty	165181
	Section 9.15	Several Obligations	165181
	Section 9.16	USA PATRIOT Act	165181
	Section 9.17	Disclosure	165181
	Section 9.18	Appointment for Perfection	165181
	Section 9.19	Interest Rate Limitation	165181
	Section 9.20	Judgment Currency	166182
	Section 9.21	Conflicts	166182
	Section 9.22	Release of Guarantors	166182
	Section 9.23	Reaffirmation	166182
	Section 9.24	Acknowledgement and Consent to Bail-In of Affected Financial Institutions	167183
	Section 9.25	Acknowledgement Regarding Any Supported QFCs	167183
	Section 9.26	ERISA Representation of the Lenders	167183


 


 






    	 	-iv-
	



     


    

 


SCHEDULES:


 


	Schedule 1.01(a)	—	Commitment
    Schedule
	Schedule 1.01(b)-I	—	Existing Dollar Letters
    of Credit
	Schedule 1.01(b)-II	—	Existing Multicurrency
    Letters of Credit
	Schedule 3.05	—	Fee Owned Material
    Real Estate Assets
	Schedule 3.13	—	Subsidiaries
	Schedule 5.10	—	Unrestricted Subsidiaries
	Schedule 5.16	—	Closing Date PostClosing
    Deliverables
	Schedule 6.01	—	Existing Indebtedness
	Schedule 6.02	—	Existing Liens
	Schedule 6.06	—	Existing Investments
	Schedule 6.07	—	Certain Dispositions
	Schedule 6.09	—	Affiliate Transactions


 


EXHIBITS:


 


	Exhibit A-1	—	Form of
    Assignment and Assumption
	Exhibit A-2	—	[Reserved]Form
    of Affiliated Lender Assignment and Assumption
	Exhibit B	—	Form of Borrowing Request
	Exhibit C	—	Form of Compliance
    Certificate
	Exhibit D	—	Form of Interest Election
    Request
	Exhibit E	—	Form of Perfection
    Certificate
	Exhibit F	—	Form of Perfection
    Certificate Supplement
	Exhibit G	—	Form of Promissory
    Note
	Exhibit H	—	Form of Prepayment
    Notice
	Exhibit I	—	Form of Guaranty Agreement
	Exhibit J	—	Form of Security Agreement
	Exhibit K	—	Form of Letter of Credit
    Request
	Exhibit L-1	—	Form of U.S. Tax
    Compliance Certificate (For Foreign Lenders That Are Not Partnerships For U.S. Federal Income Tax Purposes)
	Exhibit L-2	—	Form of U.S. Tax
    Compliance Certificate (For Foreign Participants That Are Not Partnerships For U.S. Federal Income Tax Purposes)
	Exhibit L-3	—	Form of U.S. Tax
    Compliance Certificate (For Foreign Participants That Are Partnerships For U.S. Federal Income Tax Purposes)
	Exhibit L-4	—	Form of U.S. Tax
    Compliance Certificate (For Foreign Lenders That Are Partnerships For U.S. Federal Income Tax Purposes)
	Exhibit M	—	Form of Solvency Certificate
	Exhibit N	—	Form of Pari First
    Lien Intercreditor Agreement
	Exhibit O	—	Form of First Lien/Second
    Lien Intercreditor Agreement


 


 






    	 	-v-	 



     


    

 


CREDIT
AGREEMENT


AMENDED AND RESTATED CREDIT AGREEMENT
dated as of June 23, 2015 as amended and restated as of June 30, 2020 (the “Agreement”) by and among SPECTRUM
BRANDS, INC., a Delaware corporation (the “Lead Borrower”), SB/RH HOLDINGS, LLC, a Delaware limited liability
company (“Holdings”), the Lenders (such term and each other capitalized term used but not defined in this introductory
statement having the meaning given to it in Article I), ROYAL BANK OF CANADA (“Royal Bank”), in
its capacities as administrative agent for the Lenders (in such capacity, including any successor thereto, the “Administrative
Agent”), as collateral agent for the Lenders (in such capacity, including any successor thereto, the “Collateral
Agent”), and ROYAL BANK OF CANADA, JPMORGAN CHASE BANK, N.A. (“JPM”) and BANK OF AMERICA, N.A. (“BofA”),
each as an Issuing Bank.


RECITALS


A.        The
Lead Borrower has requested that, immediately upon (or contemporaneously with) the satisfaction in full of the applicable conditions
precedent set forth in Section 4.01 below, the initial Revolving Lenders extend credit to the Borrowers in the form of U.S. Dollar
revolving commitments in the aggregate initial commitment amount equivalent to $500 million and multicurrency revolving commitments
in the aggregate commitment amount equivalent to $100 million, in each case for the making, from time to time, of revolving
loans; same day base rate loans denominated in U.S. Dollars; ancillary facilities; and the issuance, from time
to time, of letters of credit, in each case on the terms and subject to the conditions set forth in this Agreement.


B.        The
initial Lenders have indicated their willingness to extend such credit, and the Issuing Banks have indicated their willingness
to issue Letters of Credit, in each case on the terms and subject to the conditions set forth herein. Accordingly, the parties
hereto agree as follows:


ARTICLE
1



DEFINITIONS


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


“2021
Term Commitments” has the meaning assigned to such term in the First Amendment.


“2021
Term Facility” has the meaning assigned to such term in the First Amendment.


“2021
Term Loans” has the meaning assigned to such term in the First Amendment.


“2021
Term Lenders” has the meaning assigned to such term in the First Amendment.


“ABR”, when used in
reference to any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing, bear interest at a rate
determined by reference to the Alternate Base Rate or the Canadian Base Rate, as applicable; provided that, with respect
to the Revolving Facility, in no event shall the ABR be less than 1.75%;
provided further that, with respect to the Initial Term Loan Facility, in no event shall the ABR be less than 1.50%.


“ACH” means automated
clearing house transfers.


“Additional Agreement”
has the meaning assigned to such term in Article 8.


“Additional Borrowers”
means the Pre­Approved Borrowers and the Other Non­U.S. Revolving Facility Borrowers.



     


     


    




“Additional Commitments”
means any commitments hereunder added pursuant to Section 2.22, 2.23 or 9.02(c).


“Additional Lender”
has the meaning assigned to such term in Section 2.22(b).


“Additional Loans” means
the Additional Revolving Loans and the Additional Term Loans.


“Additional Revolving Commitments”
means any revolving credit commitment added pursuant to Section 2.22, 2.23 or 9.02(c)(ii).


“Additional Revolving Facility”
means any revolving credit facility added pursuant to Section 2.22, 2.23 or 9.02(c)(ii).


“Additional Revolving Loans”
means any revolving loan added hereunder pursuant to Section 2.22, 2.23 or 9.02(c)(ii).


“Additional Rights”
has the meaning assigned to such term in Section 6.01(p).


“Additional Rights to Extending
Revolving Lenders” has the meaning assigned to such term in Section 2.23(a)(i).


“Additional Rights to Incremental
Equivalent Debt Lenders” has the meaning assigned to such term in Section 6.01(z).


“Additional
Term Commitments” means any term commitment added pursuant to Section 2.22, 2.23 or 9.02(c)(i).


“Additional
Term Loans” means any term loan added pursuant to Section 2.22, 2.23 or 9.02(c)(i).


“Adjustment Date” means
the date of delivery of financial statements required to be delivered pursuant to Section 5.01(a) or Section 5.01(b),
as applicable.


“Administrative Agent”
has the meaning assigned to such term in the preamble to this Agreement.


“Administrative Questionnaire”
has the meaning assigned to such term in Section 2.22(d).


“Adverse Proceeding”
means any action, suit, proceeding (whether administrative, judicial or otherwise), governmental investigation or arbitration (whether
or not purportedly on behalf of Holdings, the Lead Borrower or any of its Restricted Subsidiaries) at law or in equity, or before
or by any Governmental Authority, domestic or foreign (including any Environmental Claim), whether pending or, to the knowledge
of Holdings, the Lead Borrower or any of its Restricted Subsidiaries, threatened in writing, against or affecting Holdings, the
Lead Borrower or any of its Restricted Subsidiaries or any property of Holdings, the Lead Borrower or any of its Restricted Subsidiaries.


“Affected
Financial Institution” means (a) any EEA Financial Institution or (b) any UK Financial Institution.


“Affiliate” means, as
applied to any Person, any other Person directly or indirectly Controlling, Controlled by, or under common Control with, that Person.
None of the Administrative Agent, the Arrangers, any Lender (other
than any Affiliated Lender) or any of their respective Affiliates shall be considered an Affiliate of Holdings or
any subsidiary thereof.



    	 	-2-	 



     


    




“Affiliate Ancillary Borrower”
means any Affiliate of a Borrower (or, with respect to the Lead Borrower only, any Restricted Subsidiary of the Lead Borrower)
that becomes a Borrower in respect of an Ancillary Facility pursuant to Section 2.26(b).


“Affiliated
Lender” means Super Holdco, Holdings, the Lead Borrower and/or any subsidiary of Super Holdco.


“Affiliated
Lender Assignment and Assumption” means an assignment and assumption entered into by a Lender and an Affiliated Lender (with
the consent of any party whose consent is required by Section 9.05) and accepted by the Administrative Agent in the form of
Exhibit A-2 or any other form approved by the Administrative Agent and the Lead Borrower.


“Aggregate Dollar Revolving Credit
Exposure” means, at any time, the aggregate amount of the Lenders’ Dollar Revolving Credit Exposures at such time.


“Aggregate Multicurrency Revolving
Credit Exposure” means, at any time, the aggregate amount of the Lenders’ Multicurrency Revolving Credit Exposures
at such time.


“Aggregate Revolving Credit Exposure”
means, at any time, the aggregate amount of the Lenders’ Revolving Credit Exposures at such time.


“Agreement” has the
meaning assigned to such term in the preamble to this Agreement.


“Agreement Currency”
has the meaning assigned to such term in Section 9.20.


“Alternate Base Rate”
means, for any day, with respect to Loans denominated in U.S. Dollars, a rate per annum equal to the highest of (a) the
Federal Funds Effective Rate in effect on such day plus 0.50% (provided that such rate shall not be less than 0%),
(b) to the extent ascertainable, the Published LIBO Rate (which rate shall be calculated based upon an Interest Period of
one month and shall be determined on a daily basis) plus 1.00%; and (c) the Prime Rate. Any change in the
Alternate Base Rate due to a change in the Prime Rate, the Federal Funds Effective Rate or the Published LIBO Rate, as the case
may be, shall be effective from and including the effective date of such change in the Prime Rate, the Federal Funds Effective
Rate or the Published LIBO Rate, as the case may be.


“Alternative Currencies”
has the meaning assigned to such term in the definition of “Multicurrency Revolving Facility”.


“Alternative Currency Alternate
Rate” means, with respect to any Alternative Currency (other than Canadian Dollars) in any jurisdiction, the rate of
interest per annum determined by the Administrative Agent to be the rate of interest either (x) charged by it to borrowers
of similar quality as the applicable Borrower for short-term loans in such Alternative Currency in such jurisdiction or (y) notified
to the Administrative Agent by that Lender as soon as practicable after notice is given under Section 2.14 or Section 2.20,
as applicable, and in any event before interest is due to be paid in respect of the applicable Interest Period, based on the cost
to that Lender of funding its participation in that Eurocurrency Rate Loan. Notwithstanding anything to the contrary contained
herein, Eurocurrency Rate Loans may only be made or maintained as Alternative Currency Alternate Rate Loans only to the extent
specified in Section 2.14 or Section 2.20, as applicable.


“Ancillary Commencement Date”
means, with respect to any Ancillary Facility, the date (which must be a Business Day) on which such Ancillary Facility is first
made available.


“Ancillary Commitment”
means, with respect to any Ancillary Lender and any Ancillary Facility, the maximum applicable Dollar Equivalent amount which such
Ancillary Lender has agreed (whether or not subject to the satisfaction of conditions precedent) to make available from time to
time under an Ancillary Facility in accordance with Section 2.26 hereof to the extent such amount has not been cancelled
or reduced under this Agreement or the Ancillary Documents relating to such Ancillary Facility.



    	 	-3-	 



     


    




“Ancillary Document”
means each document or instrument relating to or evidencing the terms of an Ancillary Facility designated by the Lead Borrower,
the Ancillary Lender and the Administrative Agent as an “Ancillary Document”.


“Ancillary Facility”
means (a) any overdraft, automated payment, check drawing and/or other current account facility, (b) any short term loan
facility denominated in local currencies, (c) any foreign exchange facilities, (d) any letter of credit, suretyship,
guarantee and/or bonding facility or any other instrument to provide a contingent liability, (e) any derivatives facility
and/or (f) any other facility or financial accommodation that may be required in connection with the business of the Lead
Borrower and its Restricted Subsidiaries.


“Ancillary Lender” means
each Multicurrency Revolving Lender (or Affiliate of a Multicurrency Revolving Lender) that makes available an Ancillary Facility
in accordance with Section 2.26.


“Ancillary Outstandings”
means, at any time, with respect to any Ancillary Lender and any Ancillary Facility then in effect, the Dollar Equivalent of the
sum of the following amounts outstanding under such Ancillary Facility: (a) the principal amount owing under each overdraft
facility and on-deman short term loan facility (net of any credit balance on any account of any Borrower or Restricted Subsidiary
under any Ancillary Facility with the relevant Ancillary Lender to the extent that such credit balance is freely available to be
set off by such Ancillary Lender against liabilities owing by such Borrower under such Ancillary Facility), (b) the face amount
of each guaranty, bond and letter of credit provided or issued under such Ancillary Facility and (c) the amount fairly representing
the aggregate exposure (excluding interest and similar charges) of such Ancillary Lender under each other type of accommodation
provided under such Ancillary Facility, in each case as determined by such Ancillary Lender acting reasonably in accordance with
its normal banking practice and the terms of the relevant Ancillary Document.


“Ancillary Obligations”
means all obligations in respect of Ancillary Outstandings.


“Applicable Percentage”
means, (a) with respect to any Term Lender for any Class, a percentage
equal to a fraction the numerator of which is the aggregate outstanding principal amount of the Loans and unused Commitments of
such Term Lender for such Class and the denominator of which is the aggregate outstanding principal amount of the Loans and unused
Commitments of all Term Lenders for such Class and (b) with respect to any Revolving Lender for any Class, the percentage
of the Total Revolving Credit Commitment for such Class represented by such Lender’s Revolving Credit Commitment for such
Class; provided that for purposes of Section 2.21 and otherwise herein, when there is a Defaulting Lender,
any such Defaulting Lender’s Revolving Credit Commitment shall be disregarded in the relevant calculations. In the case
of clause (b), in the event the Revolving Credit Commitments for any Class shall have expired or been terminated,
the Applicable Percentages of any Revolving Lender of such Class shall be determined on the basis of the Revolving Credit Exposure
of the applicable Revolving Lenders of such Class, giving effect to any assignments and to any Revolving Lender’s status
as a Defaulting Lender at the time of determination.


“Applicable
Price” has the meaning assigned to such term in the definition of “Dutch Auction”.


“Applicable
Rate” means, for any day, 


(a)       with
respect to Initial Term Loans that are (i) ABR Loans, 1.00% per annum and (ii) LIBO Rate Loans, 2.00% per annum; and


“Applicable
Rate” means, for any day, (b)     with
respect to Revolving Loans, the rate per annum applicable to the relevant Class of Loans set forth below under the caption “ABR
Spread”, “LIBO Rate Spread” or “BA Rate Spread” as the case may be, based upon the Total Leverage
Ratio as of the last day of the most recently ended Test Period; provided that until the first Adjustment Date following
the completion of the first Fiscal Quarter ended after the Closing Date, the “Applicable Rate” shall be the applicable
rate per annum set forth below in Category 1:



    	 	-4-	 



     


    




	Total

    Leverage Ratio	ABR Spread for Dollar

                                                                                and Euro Revolving

                                                                                Loans
	LIBO Rate Spread

                                                                                for Dollar and

                                                                                Euro Revolving

                                                                                Loans
	ABR Spread for

                                                                                CAD Revolving

                                                                                Loans
	BA Rate Spread

                                                                                for CAD

                                                                                Revolving

                                                                                Loans

	 	 	 	 	 
	Category 1	 	 	 	 
	 	 	 	 	 
	Greater than 5.00 to 1.00	1.75%	2.75%	1.75%	2.75%
	 	 	 	 	 
	Category 2	 	 	 	 
	 	 	 	 	 
	Less than or equal to 5.00 to 1.00 but greater than
    4.00 to 1.00	1.25%	2.25%	1.25%	2.25%
	 	 	 	 	 
	Category 3	 	 	 	 
	 	 	 	 	 
	Less than or equal to 4.00 to 1.00 but greater than 3.00
    to 1.00	1.00%	2.00%	1.00%	2.00%
	 	 	 	 	 
	Category 4	 	 	 	 
	 	 	 	 	 
	Less than or equal to 3.00 to 1.00	0.75%	1.75%	0.75%	1.75%


 


The Applicable Rate shall be adjusted quarterly on a prospective
basis on each Adjustment Date based upon the Total Leverage Ratio in accordance with the tables above; provided that if
financial statements are not delivered when required pursuant to Section 5.01(a) or (b), as applicable, the “Applicable
Rate” shall be the rate per annum set forth above in Category 1 until such financial statements are delivered in compliance
with Section 5.01(a) or (b), as applicable.


“Applicable Time” means,
with respect to any borrowings and payments in any Alternative Currency (other than Canadian Dollars, Euros or Pounds Sterling),
the local time in the place of settlement for such Alternative Currency as may be determined by the Administrative Agent or the
applicable Issuing Bank, as the case may be, to be necessary for timely settlement on the relevant date in accordance with normal
banking procedures in the place of payment.


“Approved Fund” means,
with respect to any Lender, any Person (other than a natural person) that is engaged in making, purchasing, holding or otherwise
investing in commercial loans and similar extensions of credit in the ordinary course of its activities and is administered, advised
or managed by (a) such Lender, (b) any Affiliate of such Lender or (c) any entity or any Affiliate of any entity
that administers, advises or manages such Lender.


“Arrangers” means, (i)
with respect to the Initial Revolving Commitments, each of RBC Capital Markets[1],
JPMorgan Chase Bank N.A., Credit Suisse Securities (USA) LLC and Barclays Bank PLC as joint bookrunners and joint lead arrangers.
and (ii) with respect to the Initial Term Loans, each of RBC Capital
Markets, Credit Suisse Loan Funding LLC, Goldman Sachs Bank USA, JPMorgan Chase Bank, N.A., Barclays Bank PLC, BofA Securities,
Inc., Wells Fargo Securities, LLC, Deutsche Bank Securities Inc., BNP Paribas Securities Corp. and CJS Securities as joint bookrunners
and joint lead arrangers.


“Assignment and Assumption”
means an assignment and assumption entered into by a Lender and an assignee (with the consent of any party whose consent is required
by Section 9.05), and accepted by the


 


________________________________


1 RBC
Capital Markets is a brand name for the capital markets businesses of Royal Bank of Canada and its
affiliates.


 



    	 	-5-	 



     


    

 


Administrative Agent in the form of Exhibit A-1 or any other form
approved by the Administrative Agent and the Lead Borrower.


“Auction”
has the meaning assigned to such term in the definition of “Dutch Auction”.


“Auction
Agent” means (a) the Administrative Agent or any of its Affiliates or (b) any other financial institution or advisor
engaged by the Lead Borrower (whether or not an Affiliate of the Administrative Agent) to act as an arranger in connection with
any Auction pursuant to the definition of “Dutch Auction”; provided that the Lead Borrower shall not designate
the Administrative Agent as the Auction Agent without the written consent of the Administrative Agent (it being understood that
the Administrative Agent shall be under no obligation to agree to act as the Auction Agent); provided, further, that
neither the Lead Borrower nor any of its Affiliates may act as the Auction Agent.


“Auction
Amount” has the meaning assigned to such term in the definition of “Dutch Auction”.


“Auction
Notice” has the meaning assigned to such term in the definition of “Dutch Auction”.


“Auction
Party” has the meaning set forth in the definition of “Dutch Auction”.


“Auction
Response Date” has the meaning assigned to such term in the definition of “Dutch Auction”.


“Available Amount” means,
at any time, an amount equal to, without duplication:


(a)       the
sum of:


(i)       $350,000,000;
plus


(ii)       50%
of the Consolidated Net Income of the Lead Borrower for the period (taken as one accounting period) from October 1, 2019 to
the end of the Lead Borrower’s most recently ended fiscal quarter in respect of which a Compliance Certificate has been delivered
hereunder (or, if such Consolidated Net Income for such period is a deficit, less 100% of such deficit); plus


(iii)       the
amount of any capital contributions or other proceeds of any issuance of Capital Stock after October 1, 2019 (other than any amounts
(x) constituting a Cure Amount or an Available Excluded Contribution Amount or an Excluded Debt Contribution or proceeds of
an issuance of Disqualified Capital Stock, (y) received from the Lead Borrower or any Restricted Subsidiary or (z) incurred
from the proceeds of any loan or advance made pursuant to Section 6.06(h)(ii)) received as Cash equity by the Lead
Borrower or any of its Restricted Subsidiaries, plus the fair market value, as reasonably determined by the Lead Borrower,
of Cash Equivalents, marketable securities or other property received by the Lead Borrower or any Restricted Subsidiary as a capital
contribution or in return for any issuance of Capital Stock (other than any amounts (x) constituting a Cure Amount or an Available
Excluded Contribution Amount or an Excluded Debt Contribution or proceeds of any issuance of Disqualified Capital Stock or (y) received
from the Lead Borrower or any Restricted Subsidiary), in each case, during the period from and including the day immediately following
October 1, 2019 through and including such time; plus


(iv)       the
aggregate principal amount of any Indebtedness or Disqualified Capital Stock, in each case, of the Lead Borrower or any Restricted
Subsidiary issued after October 1, 2019 (other than Indebtedness or such Disqualified Capital Stock issued to the Lead Borrower
or any Restricted Subsidiary), which has been converted into or exchanged for Capital Stock of the Lead Borrower, any Restricted
Subsidiary or any Parent Company that does not constitute Disqualified 



    	 	-6-	 



     


    

 


Capital Stock, together with the fair market value of any
Cash Equivalents and the fair market value (as reasonably determined by the Lead Borrower) of any property or assets received by
the Lead Borrower or such Restricted Subsidiary upon such exchange or conversion, in each case, during the period from and including
the day immediately following October 1, 2019 through and including such time; plus


(v)       the
net proceeds received by the Lead Borrower or any Restricted Subsidiary during the period from and including the day immediately
following the Closing Date through and including such time in connection with the Disposition to any Person (other than the Lead
Borrower or any Restricted Subsidiary) of any Investment made pursuant to Section 6.06(r)(i); plus


(vi)       to
the extent not already reflected as a return of capital with respect to such Investment for purposes of determining the amount
of such Investment, the proceeds received by the Lead Borrower or any Restricted Subsidiary during the period from and including
the day immediately following the Closing Date through and including such time in connection with Cash returns, Cash profits, Cash
distributions and similar Cash amounts, including Cash principal repayments of loans, in each case received in respect of any Investment
made after the Closing Date pursuant to Section 6.06(r)(i) (in an amount not to exceed the original amount of such
Investment); plus


(vii)       an
amount equal to the sum of (A) the amount of any Investments by the Lead Borrower or any Restricted Subsidiary pursuant to
Section 6.06(r)(i) in any Unrestricted Subsidiary (in an amount not to exceed the original amount of such Investment)
that has been redesignated as a Restricted Subsidiary, or has been merged, consolidated or amalgamated with or into, or is liquidated,
wound up or dissolved into, the Lead Borrower or any Restricted Subsidiary and (B) the fair market value (as reasonably determined
by the Lead Borrower) of the property or assets of any Unrestricted Subsidiary that have been transferred, conveyed or otherwise
distributed (in an amount not to exceed the original amount of the Investment in such Unrestricted Subsidiary pursuant to Section 6.06(r)(i))
to the Lead Borrower or any Restricted Subsidiary, in each case, during the period from and including the day immediately following
the Closing Date through and including such time; minus


(b)       an
amount equal to the sum of (i) Restricted Payments made pursuant to Section 6.04(a)(iii)(A), plus (ii) Restricted
Debt Payments made pursuant to Section 6.04(b)(vi)(A), plus (iii) Investments made pursuant to Section 6.06(r)(i),
in each case, after the Closing Date and prior to such time, or contemporaneously therewith.


“Available Ancillary Commitment”
means, with respect to any Ancillary Facility, the relevant Ancillary Lender’s Ancillary Commitment minus the amount
of Ancillary Outstandings under such Ancillary Facility.


“Available Excluded Contribution
Amount” means the aggregate amount of Cash or Cash Equivalents or the fair market value of other assets or property (as
reasonably determined by the Lead Borrower, but excluding any Cure Amount) received by the Lead Borrower or any of its Restricted
Subsidiaries after the Closing Date from:


(1)       contributions
in respect of Qualified Capital Stock (other than any amounts received from the Lead Borrower or any of its Restricted Subsidiaries),
and


(2)       the
sale of Qualified Capital Stock of the Lead Borrower or any of its Restricted Subsidiaries (other than (x) to the Lead Borrower
or any Restricted Subsidiary of the Lead Borrower, (y) pursuant to any management equity plan or stock option plan or any
other management or employee benefit plan or (z) with the proceeds of any loan or advance made pursuant to Section 6.06(h)(ii)),



    	 	-7-	 



     


    




in each case, designated as Available Excluded Contribution
Amounts pursuant to a certificate of a Responsible Officer on or promptly after the date the relevant capital contribution is made
or the relevant proceeds are received, as the case may be, and which are excluded from the calculation of the Available Amount.


“BA Rate” means, in
respect of any Interest Period, the higher of the average rate applicable to Canadian Dollar bankers’ acceptances for a period
equal to such Interest Period displayed and identified as such on the Refinitiv Canadian Dollar Offered Rate (“CDOR”)
page (and if such page is not available, any successor or similar service as may be selected by the Administrative Agent), rounded
to the nearest 1/100th of 1% (with .005% being rounded up), at approximately 11:00 a.m. (Eastern Time), on the related Interest
Rate Determination Date, plus, for any Lender which is not a Schedule I bank under the Bank Act (Canada), 0.10% per annum, provided
that if such rate does not appear on the CDOR Page (or the substituted page of any successor or similar service selected by the
Administrative Agent) on such day the BA Rate on such day shall be the rate for such period applicable to Canadian Dollar bankers’
acceptances quoted by a bank listed in Schedule I of the Bank Act (Canada), as selected by the Administrative Agent, as of 11:00
a.m. (Eastern Time) on such day or, if such day is not a Business Day, then on the immediately preceding Business Day plus 0.10%
per annum; provided that BA Rate shall not be less than 0.75%. For the avoidance of doubt, the BA Rate, is a reference rate only,
and nothing herein shall obligate any Lender to accept bankers’ acceptances.


“Bail-In
Action” means the exercise of any Write-Down and Conversion Powers by the applicable Resolution Authority in respect
of any liability of an Affected Financial Institution.


“Bail-In
Legislation” means (a) with respect to any EEA Member Country implementing Article 55 of Directive 2014/59/EU of the
European Parliament and of the Council of the European Union, the implementing law, regulation rule or requirement for such EEA
Member Country from time to time which is described in the EU Bail-In Legislation Schedule and (b) with respect to the United Kingdom,
Part I of the United Kingdom Banking Act 2009 (as amended from time to time) and any other law, regulation or rule applicable in
the United Kingdom relating to the resolution of unsound or failing banks, investment firms or other financial institutions or
their affiliates (other than through liquidation, administration or other insolvency proceedings).


“Banking Services” means
each and any of the following bank services provided to any Loan Party (a) under any arrangement that is in effect on the
Closing Date between any Loan Party and a counterparty that is (or is an Affiliate of) the Administrative Agent, any Lender or
any Arranger as of the Closing Date or (b) under any arrangement that is entered into after the Closing Date by any Loan Party
with any counterparty that is (or is an Affiliate of) the Administrative Agent, any Lender or any Arranger at the time such arrangement
is entered into: commercial credit cards, stored value cards, purchasing cards, treasury management services, netting services,
overdraft protections, check drawing services, automated payment services (including depository, overdraft, controlled disbursement,
ACH transactions, return items and interstate depository network services), employee credit card programs, cash pooling services
and any arrangements or services similar to any of the foregoing and/or otherwise in connection with cash management and Deposit
Accounts.


“Banking Services Obligations”
means any and all obligations of any Loan Party, whether absolute or contingent and however and whenever created, arising, evidenced
or acquired (including all renewals, extensions and modifications thereof and substitutions therefor), in connection with Banking
Services, in each case, that has been designated to the Administrative Agent in writing by the Lead Borrower as being Banking Services
Obligations for the purposes of the Loan Documents, it being understood that each counterparty thereto shall be deemed (A) to
appoint the Administrative Agent as its agent under the applicable Loan Documents and (B) to agree to be bound by the provisions
of Article 8, Section 9.03 and Section 9.10, as if it were a Lender.


“Bankruptcy Code” means
Title 11 of the United States Code (11 U.S.C. § 101 et
seq.).


“Benchmark
Replacement” means the sum of: (a) the alternate benchmark rate (which may include Term SOFR) that has been selected
by the Administrative Agent and the Lead Borrower giving due consideration to (i) any selection or recommendation of a replacement
rate or the mechanism for determining such a rate by the Relevant Governmental Body or (ii) any evolving or then-prevailing market
convention for determining a rate of interest as a replacement to the LIBO Rate for U.S. dollar-denominated syndicated credit facilities
and (b) the 



    	 	-8-	 



     


    

 


Benchmark Replacement Adjustment; provided that, if the Benchmark Replacement as so determined would be less
than zero, the Benchmark Replacement will be deemed to be zero for the purposes of this Agreement.


“Benchmark
Replacement Adjustment” means with respect to any replacement of the LIBO Rate with an Unadjusted Benchmark Replacement
for each applicable Interest Period, the spread adjustment, 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 Lead Borrower giving due
consideration to (i) any selection or recommendation of a spread adjustment, or method for calculating or determining such spread
adjustment, for the replacement of the LIBO Rate with the applicable Unadjusted Benchmark Replacement by the Relevant Governmental
Body or (ii) any evolving or then-prevailing market convention for determining a spread adjustment, or method for calculating or
determining such spread adjustment, for the replacement of LIBO Rate with the applicable Unadjusted Benchmark Replacement for U.S.
dollar denominated syndicated credit facilities at such time.


“Benchmark
Replacement Conforming Changes” means with respect to any Benchmark Replacement, any technical, administrative or operational
changes (including changes to the definition of “Interest Period,” timing and frequency of determining rates and making
payments of interest and other administrative matters) that the Administrative Agent decides may be appropriate to reflect the
adoption and implementation of such Benchmark Replacement and to permit the 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 the Benchmark Replacement exists, in such other manner of administration as the Administrative Agent decides
is reasonably necessary in connection with the administration of this Agreement).


“Benchmark
Replacement Date” means the earlier to occur of the following events with respect to the LIBO Rate: (a) in the case of
clause (a) or (b) of the definition of “Benchmark Transition Event,” the later of (i) the date of the public statement
or publication of information referenced therein and (ii) the date on which the administrator of the LIBO Rate permanently or indefinitely
ceases to provide of the LIBO Rate; or (b) in the case of clause (c) of the definition of “Benchmark Transition Event,”
the date of the public statement or publication of information referenced therein.


“Benchmark
Transition Event” means the occurrence of one or more of the following events with respect to the LIBO Rate: (a) a public
statement or publication of information by or on behalf of the administrator of the LIBO Rate announcing that such administrator
has ceased or will cease to provide a London interbank offered rate, permanently or indefinitely, provided that, at the time of
such statement or publication, there is no successor administrator that will continue to provide the LIBO Rate; (b) a public statement
or publication of information by the regulatory supervisor for the administrator of the LIBO Rate, the U.S. Federal Reserve System,
an insolvency official with jurisdiction over the administrator for the LIBO Rate, a resolution authority with jurisdiction over
the administrator for the LIBO Rate or a court or an entity with similar insolvency or resolution authority over the administrator
for the LIBO Rate, which states that the administrator of the LIBO Rate has ceased or will cease to provide the LIBO Rate permanently
or indefinitely, provided that, at the time of such statement or publication, there is no successor administrator that will continue
to provide the LIBO Rate; or (c) a public statement or publication of information by the regulatory supervisor for the administrator
of the LIBO Rate announcing that the LIBO Rate is no longer representative.


“Benchmark
Transition Start Date” means (a) in the case of a Benchmark Transition Event, the earlier of (i) the applicable Benchmark
Replacement Date and (ii) if such Benchmark Transition Event is a public statement or publication of information of a prospective
event, the 90th day 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 ninety (90) days after such statement or publication, the date of such statement
or publication) and (b) in the case of an Early Opt-in Election, the date specified by the Administrative Agent or the Required
Lenders, as applicable, by notice to the Lead Borrower, the Administrative Agent (in the case of such notice by the Required Lenders)
and the Lenders.


“Benchmark
Unavailability Period” means, if a Benchmark Transition Event and its related Benchmark Replacement Date have occurred
with respect to the LIBO Rate and solely to the extent that the LIBO Rate has not been replaced with a Benchmark Replacement, the
period (x) beginning at the time that such Benchmark 



    	 	-9-	 



     


    

 


Replacement Date has occurred if, at such time, no Benchmark Replacement has
replaced the LIBO Rate for all purposes hereunder in accordance with Section 2.17 and (y) ending at the time that a Benchmark
Replacement has replaced the LIBO Rate for all purposes hereunder pursuant to Section 2.27.


“Benefit
Plan” shall mean any of (a) an “employee benefit plan” (as defined in ERISA) that is subject to Title I of
ERISA, (b) a “plan” as defined in and subject to Section 4975 of the Code or (c) any Person whose assets include (for
purposes of ERISA Section 3(42) or otherwise for purposes of Title I of ERISA or Section 4975 of the Code) the assets of any such
“employee benefit plan” or “plan.”


“BHC Act
Affiliate” of a party means an “affiliate” (as such term is defined under, and interpreted in accordance
with, 12 U.S.C. 1841(k)) of such party.


“Board”
means the Board of Governors of the Federal Reserve System of the U.S.


“BofA” has the meaning
assigned to such term in the preamble to this Agreement.


“Bona Fide Debt Fund”
means any debt fund, investment vehicle, regulated bank entity or unregulated lending entity that is engaged in making, purchasing,
holding or otherwise investing in commercial loans and similar extensions of credit in the ordinary course of business which is
managed, sponsored or advised by any Person controlling, controlled by or under common control with (a) any competitor of
the Lead Borrower and/or any of its subsidiaries or (b) any Affiliate of such competitor, but with respect to which no personnel
involved with any investment in such Person (i) makes, has the right to make or participates with others in making any investment
decisions with respect to such debt fund, investment vehicle, regulated bank entity or unregulated lending entity or (ii) has
access to any information (other than information that is publicly available) relating to Holdings, the Lead Borrower or their
respective subsidiaries or any entity that forms a part of any of their respective businesses; it being understood and agreed
that the term “Bona Fide Debt Fund” shall not include any Person that is separately identified to the Arrangers in
accordance with clause (a) of the definition of “Disqualified Institution” or any Affiliate of any such
Person that is reasonably identifiable on the basis of such Affiliate’s name.


“Borrower Joinder Agreement”
means a borrower joinder agreement in a form (including structural and tax considerations (including customary tax provisions
for Borrowers incorporated in any jurisdiction other than the U.S., to the extent not already provided for in this Agreement, in
Section 2.17 and related definitions, including grossup provisions with respect to the obligations of the U.K. Borrower
on terms satisfactory to the Administrative Agent and the Arrangers) and collateral and guarantee arrangements (including collateral
allocation mechanism arrangements)) reasonably satisfactory to the Administrative Agent and the Lead Borrower.


“Borrower Representative”
means the entity appointed to act on behalf of the Borrowers pursuant to Section 2.24.


“Borrowers” means the
Lead Borrower and the Revolving Facility Borrowers;
provided that if any Non­U.S. Borrower incurs any Obligations under a Non­U.S. Facility, and if the Administrative
Agent and the Lenders holding such Obligations agree that collateral in a Non­U.S. jurisdiction will be provided to support
such Non­U.S. Obligations, then the Borrowers and the Administrative Agent on behalf of the Lenders will enter into an agreement
that will include customary collateral allocation mechanism sharing provisions between such Non­U.S. Facility and the U.S. Credit
Facilities that will be automatically triggered upon the occurrence of an event of default resulting from (i) bankruptcy,
insolvency proceedings, etc., (ii) inability to pay debts, attachment, etc., (iii) payment default on final maturity
or (iv) an acceleration of the loans or commitments under such Non­U.S. Facility; provided, further, to the
extent (x) that any portion of such Non­U.S. Facility is made available in a currency other than U.S. Dollars or
(y) any portion of the Revolving Facility, Incremental Revolving Facility or Revolving Facility incurred pursuant to a Refinancing
Amendment may be funded in currency other than U.S. Dollars, the customary collateral allocation mechanism settlement currency
will be U.S. Dollars pursuant to which Outstanding Amounts denominated in a currency other than U.S. Dollars of any Borrower
will convert into, and continue as, U.S. Dollar­denominated Obligations.



    	 	-10-	 



     


    




“Borrowing” means any
Loans of the same Type and Class made, converted or continued on the same date and, in the case of Eurocurrency Rate Loans as to
which a single Interest Period is in effect.


“Borrowing Request”
means a request by a Borrower for a Borrowing in accordance with Section 2.03 and substantially in the form attached
hereto as Exhibit B or such other form that is reasonably acceptable to the Administrative Agent and the Lead Borrower.


“Business Day” means
any day that is not a Saturday, Sunday or other day on which commercial banks in New York City are authorized or required by law
to remain closed; provided that, (a) when used in connection with an ABR Loan, a Eurocurrency Rate Loan or any other
Loan in an Alternative Currency, the term “Business Day” shall also exclude any day on which banks are not open
for dealings in the London interbank market and/or the principal financial center of the country of such Alternative Currency (and,
if the Borrowings or LC Disbursements which are the subject of a borrowing, drawing, payment, reimbursement or rate selection are
denominated in euro, the term “Business Day” shall also exclude any TARGET Day) and (b) when used in connection
with a Canadian Dollar Loan or BA Rate Loan, any day excluding any day which is a legal holiday in the Province of Ontario or is
a day on which commercial banks are authorized or required to close in Toronto, Ontario.


“Canadian Anti­Terrorism Laws”
means any Canadian law, judgment, order, executive order, decree, ordinance, rule or regulation related to terrorism financing
or money laundering including Part II.1 of the Criminal Code, R.S.C. 1985, c.C-46, the Proceeds of Crime (Money Laundering)
and Terrorist Financing Act, S.C. 2000, c. 17, regulations promulgated pursuant to the Special Economic Measures Act,
S.C. 1992, c. 17 and the United Nations Act, R.S.C. 1985, c. U-2, in each case, as amended.


“Canadian Base Rate”
means the highest of (x) the rate of interest per annum established from time to time by the Administrative Agent as the reference
rate of interest for the determination of interest rates that the Administrative Agent will charge to customers in Canada for Canadian
Dollar demand loans in Canada, and (y) the rate of interest per annum that is equal to the BA Rate for an interest period of one
month plus 1.00% per annum; provided that (x) Canadian Base Rate shall not be less than 1.75%.


“Canadian Borrower”
has the meaning assigned to such term in the definition of “Revolving Facility Borrowers”.


“Canadian Dollars” and
“C$” means the lawful currency of Canada.


“Capital Lease” means,
as applied to any Person, any lease of any property (whether real, personal or mixed) by that Person as lessee that, in conformity
with GAAP, is or should be accounted for as a capital lease on the balance sheet of that Person.


“Capital Stock” means
any and all shares, interests, participations or other equivalents (however designated) of capital stock of a corporation, any
and all equivalent ownership interests in a Person (other than a corporation), including partnership interests and membership interests,
and any and all warrants, rights or options to purchase or other arrangements or rights to acquire any of the foregoing, but excluding
for the avoidance of doubt any Indebtedness convertible into or exchangeable for any of the foregoing.


“Cash” means money,
currency or a credit balance in any Deposit Account, in each case determined in accordance with GAAP.


“Cash Equivalents” means,
as at any date of determination, (a) readily marketable securities (i) issued or directly and unconditionally guaranteed
or insured as to interest and principal by the U.S. government or (ii) issued by any agency or instrumentality of the
U.S. the obligations of which are backed by the full faith and credit of the U.S., in each case maturing within one year after
such date and, in each case, repurchase agreements and reverse repurchase agreements relating thereto; (b) readily marketable
direct obligations issued by any state of the U.S. or any political subdivision of any such state or any public instrumentality
thereof, in each case maturing within one year after such date and having, at the time of the acquisition thereof, a rating of
at least A-2 from S&P or at least P-2 from Moody’s (or, if at any time neither S&P nor Moody’s shall be rating
such obligations, an equivalent rating from another nationally recognized statistical rating agency) and, in each case, repurchase
agreements and reverse repurchase agreements relating thereto; (c) commercial paper maturing no more than one year from
the date of creation thereof and having, at the time of the acquisition thereof, a rating of at least A-2 from S&P 



    	 	-11-	 



     


    

 


or at least
P-2 from Moody’s (or, if at any time neither S&P nor Moody’s shall be rating such obligations, an equivalent rating
from another nationally recognized statistical rating agency); (d) deposits, money market deposits, time deposit accounts,
certificates of deposit or bankers’ acceptances (or similar instruments) maturing within one year after such date and issued
or accepted by any Lender or by any bank organized under, or authorized to operate as a bank under, the laws of the U.S., any state
thereof or the District of Columbia or any political subdivision thereof and that has capital and surplus of not less than $100,000,000
and, in each case, repurchase agreements and reverse repurchase agreements relating thereto; and (e) shares of any money
market mutual fund that has (i) substantially all of its assets invested in the types of investments referred to in clauses (a)
through (d) above, (ii) net assets of not less than $250,000,000 and (iii) a rating of at least A-2 from
S&P or at least P-2 from Moody’s.


In the case of any Investment by any Foreign
Subsidiary, “Cash Equivalents” shall also include (x) Investments of the type and maturity described in clauses (a)
through (e) above of foreign obligors, which Investments or obligors (or the parent companies thereof) have the ratings
described in such clauses or equivalent ratings from comparable foreign rating agencies and (y) other short-term Investments
utilized by Foreign Subsidiaries in accordance with normal investment practices for cash management in Investments analogous to
the Investments described in clauses (a) through (e) and in this paragraph.


“CFC” means a “controlled
foreign corporation” within the meaning of Section 957 of the Code.


“CFC Holdco” means a
direct or indirect Domestic Subsidiary substantially all of whose assets consist of the capital stock of one or more CFCs.


“Change in Law” means
(a) the adoption of any law, treaty, rule or regulation after the Closing Date, (b) any change in any law, treaty, rule
or regulation or in the interpretation or application thereof by any Governmental Authority after the Closing Date or (c) compliance
by any Lender or any Issuing Bank (or, for purposes of Section 2.15(b), by any lending office of such Lender or such
Issuing Bank or by such Lender’s or such Issuing Bank’s holding company, if any) with any request, guideline or directive
(whether or not having the force of law) of any Governmental Authority made or issued after the Closing Date (other than any such
request, guideline or directive to comply with any law, rule or regulation that was in effect on the Closing Date). For purposes
of this definition and Section 2.15, (x) the Dodd­Frank Wall Street Reform and Consumer Protection Act and all
requests, rules, guidelines, requirements and directives thereunder or issued in connection therewith or in implementation thereof
and (y) all requests, rules, guidelines, requirements or directives promulgated by the Bank for International Settlements,
the Basel Committee on Banking Supervision (or any successor or similar authority) or U.S. or foreign regulatory authorities,
in each case pursuant to Basel III, shall in each case described in clauses (a), (b) and (c) above,
be deemed to be a Change in Law, regardless of the date enacted, adopted, issued or implemented.


A “Change of Control”
shall be deemed to have occurred if (a) any “person” or “group” (within the meaning of Rule 13d-5
of the Securities Exchange Act of 1934 as in effect on the Closing Date), shall own, directly or indirectly, beneficially
or of record, shares representing more than 35% of the aggregate ordinary voting power represented by the issued and outstanding
capital stock of Super Holdco, (b) a majority of the seats (other than vacant seats) on the board of directors of Super Holdco
shall at any time be occupied by persons who were neither (i) nominated by the board of directors of Super Holdco (or any
committee thereof with the authority to nominate directors) nor (ii) appointed by directors so nominated, (c) any change
in control (or similar event, however denominated) with respect to Super Holdco, Holdings or the Lead Borrower shall occur under
and as defined in any indenture or agreement in respect of Indebtedness exceeding the Threshold Amount, (d) Super Holdco shall
cease to directly own, beneficially and of record, 100% of the issued and outstanding Capital Stock of Holdings, (e) Holdings
shall cease to directly own, beneficially and of record, 100% of the issued and outstanding Capital Stock of the Lead Borrower
or (f) following the joinder of any additional Borrowers, as permitted hereunder, and for so long as such Borrower has any
Obligations, the Lead Borrower shall cease to directly or indirectly own, beneficially and of record, 100% of the issued and outstanding
Capital Stock of any other Borrower.


“Charge” means any charge,
fee, expense, cost, losses, accrual or reserve of any kind.



    	 	-12-	 



     


    




“Charged Amounts” has
the meaning assigned to such term in Section 9.19.


“Class”, when used in
reference to any Loan, Borrowing or Commitment, refers to whether such Loan, or the Loans comprising such Borrowing, are Initial
Term Loans, Revolving Loans (or as applicable, Dollar Revolving Loans or Multicurrency Revolving Loans) or respective
Commitments related thereto or other loans or commitments added as a separate Class pursuant to Section 2.22, 2.23
or 9.02(c).


“Closing Date” means
the date on which the conditions specified in Section 4.01 are satisfied (or waived in accordance with Section 9.02).


“Code” means the Internal
Revenue Code of 1986 as amended.


“Collateral” means any
and all property of any Loan Party subject (or purported to be subject) to a Lien under any Collateral Document and any and all
other property of any Loan Party, now existing or hereafter acquired, that is or becomes subject (or purported to be subject) to
a Lien pursuant to any Collateral Document to secure the Secured Obligations.


“Collateral Agent” has
the meaning assigned to such term in the preamble to this Agreement.


“Collateral and Guarantee Requirement”
means, at any time, subject to (x) the applicable limitations set forth in this Agreement and/or any other Loan Document and
(y) the time periods (and extensions thereof) set forth in Section 5.12, the requirement that:


(a)       the
Administrative Agent shall have received:


(i)       (A)
a joinder to the Loan Guaranty in substantially the form attached as an exhibit thereto, (B) a supplement to the Security
Agreement in substantially the form attached as an exhibit thereto, (C) if the respective Loan Party required to comply with
the requirements set forth in this definition pursuant to Section 5.12 owns registrations of or applications for U.S. Patents,
Trademarks and/or Copyrights that constitute Collateral, any Notices of Grant of Security Interest in Intellectual Property, (D) the
information required by the Perfection Certificate for the Loan Party and (E) UCC financing statements in appropriate form
for filing in such jurisdictions as the Administrative Agent may reasonably request; and


(ii)       each
item of Collateral that such Loan Party is required to deliver under Section 2.02 of the Security Agreement (which, for the
avoidance of doubt, shall be delivered within the time periods set forth in Section 5.12(a));


(b)       the
Administrative Agent shall have received with respect to any Material Real Estate Assets acquired after the Closing Date, a Mortgage
and any necessary UCC fixture filing in respect thereof, in each case together with, to the extent customary and appropriate (as
reasonably determined by the Administrative Agent and the Lead Borrower):


(i)       evidence
that (A) counterparts of such Mortgage have been duly executed, acknowledged and delivered and such Mortgage and any corresponding
UCC or equivalent fixture filing are in form suitable for filing or recording in all filing or recording offices that the Administrative
Agent may reasonably deem necessary in order to create a valid and subsisting Lien on such Material Real Estate Asset in favor
of the Administrative Agent for the benefit of the Secured Parties, (B) such Mortgage and any corresponding UCC or equivalent
fixture filings have been duly recorded or filed, as applicable, and (C) all filing and recording taxes and fees have been
paid or otherwise provided for in a manner reasonably satisfactory to the Administrative Agent;


(ii)       one
or more fully paid policies of title insurance (the “Mortgage Policies”) in an amount reasonably acceptable
to the Administrative Agent (not to exceed the fair market value of



    	 	-13-	 



     


    

 


the Material Real Estate Asset covered thereby (as reasonably
determined by the Lead Borrower)) issued by a nationally recognized title insurance company in the applicable jurisdiction that
is reasonably acceptable to the Administrative Agent, insuring the relevant Mortgage as having created a valid subsisting Lien
on the real property described therein with the ranking or the priority which it is expressed to have in such Mortgage, subject
only to Permitted Liens, together with such endorsements, coinsurance and reinsurance as the Administrative Agent may reasonably
request to the extent the same are available in the applicable jurisdiction;


(iii)       customary
legal opinions of local counsel for the relevant Loan Party in the jurisdiction in which such Material Real Estate Asset is located,
and if applicable, in the jurisdiction of formation of the relevant Loan Party, in each case as the Administrative Agent may reasonably
request; and


(iv)       surveys
(or no­change affidavits or similar documents sufficient for the title insurance company issuing the Mortgage Policies to omit the
preprinted survey exception therein and issue the endorsements required by clause (ii) above) and appraisals (if required
under the Financial Institutions Reform Recovery and Enforcement Act of 1989, as amended) and, no later than 5 Business
Days before the effective day of any Mortgage, “Life­of­Loan” flood certifications and any borrower notices required
under Regulation H (together with evidence of available federal flood insurance for any such Flood Hazard Property located
in a flood hazard area); provided that the Administrative Agent may in its reasonable discretion accept any such existing
survey, appraisal, certification or notice so long as such existing survey, appraisal, certification or notice satisfies any applicable
legal requirements.


“Collateral Documents”
means, collectively, (i) the Security Agreement, (ii) each Mortgage, (iii) each Notice of Grant of Security Interest
in Intellectual Property, (iv) any supplement to any of the foregoing delivered to the Administrative Agent pursuant to the
definition of “Collateral and Guarantee Requirement”, (v) the Perfection Certificate (including any Perfection
Certificate delivered to the Administrative Agent pursuant to the definition of “Collateral and Guarantee Requirement”)
and any Perfection Certificate Supplement (including any Perfection Certificate Supplement delivered to the Administrative Agent
pursuant to the definition of “Collateral and Guarantee Requirement”) and (vi) each of the other instruments and
documents pursuant to which any Loan Party grants a Lien on any Collateral as security for payment of the Secured Obligations.


“Commercial Letter of Credit”
means any Letter of Credit issued for the purpose of providing the primary payment mechanism in connection with the purchase of
any materials, goods or services by the Lead Borrower or any of its subsidiaries in the ordinary course of business of such Person.


“Commercial Tort Claim”
has the meaning set forth in Article 9 of the UCC.


“Commitment” means,
with respect to each Lender, such Lender’s Initial Term Commitment,
Revolving Credit Commitment and Additional Commitment, as applicable, in effect as of such time.


“Commitment Fee Rate”
means, for each calendar quarter or portion thereof, the applicable rate per annum set forth below based upon the Total Leverage
Ratio as of the last day of the last Test Period; provided that until the first Adjustment Date following the completion
of the first Fiscal Quarter ending after the Closing Date, the “Commitment Fee Rate” shall be the applicable rate per
annum set forth below in Category 1:


	Total
    Leverage Ratio	Dollar
    Revolving Facility and Multicurrency Revolving Facility Commitment Fee Rate
	 	 
	Category 1	 
	 	 
	Greater than 5.00 to 1.00	0.45%



 






    	 	-14-	 



     


    

 


	Category 2	 
	 	 
	Less
        than or equal to 5.00 to 1.00

        but
        greater than 4.00 to 1.00
	0.40%
	 	 
	Category 3	 
	 	 
	Less
        than or equal to 4.00 to 1.00

        but
        greater than 3.00 to 1.00
	0.35%
	Category 4	 
	 	 
	Equal to or less than 3.00 to 1.00	0.30%


 


The Commitment Fee Rate shall be adjusted quarterly on a
prospective basis on each Adjustment Date based upon the Total Leverage Ratio in accordance with the table set forth above; provided
that if financial statements are not delivered when required pursuant to Section 5.01(a) or (b), as applicable,
the Commitment Fee Rate shall be the rate per annum set forth above in Category 1 until such financial statements are delivered
in compliance with Section 5.01(a) or (b), as applicable.


“Commitment Schedule”
means the Schedule attached hereto as Schedule 1.01(a).


“Commodity Exchange Act”
means the Commodity Exchange Act (7 U.S.C. § 1 et seq.).


“Company Competitor”
means any competitor of the Borrowers and/or any of their subsidiaries.


“Compliance Certificate”
means a Compliance Certificate substantially in the form of Exhibit C.


“Confidential Information”
has the meaning assigned to such term in Section 9.13.


“Consolidated Adjusted EBITDA”
means, with respect to any specified Person for any period, the Consolidated Net Income of such Person for such period plus, without
duplication:


(a)       provision
for taxes based on income or profits of such Person and its Restricted Subsidiaries for such period, to the extent that such provision
for taxes was deducted in computing such Consolidated Net Income; plus


(b)       Fixed
Charges of such Person and its Restricted Subsidiaries for such period, to the extent that any such Fixed Charges were deducted
in computing such Consolidated Net Income; plus


(c)       depreciation,
amortization (including amortization of goodwill, software and other intangibles but excluding amortization of prepaid Cash expenses
that were paid in a prior period) and other non­cash expenses (excluding any such non­cash expense to the extent that it represents
an accrual of or reserve for Cash expenses in any future period or amortization of a prepaid Cash expense that was paid in a prior
period) of such Person and its Restricted Subsidiaries for such period to the extent that such depreciation, amortization and other
non­cash expenses were deducted in computing such Consolidated Net Income; plus


(d)       (i)
unusual or non-recurring charges, (ii) relocation costs and integration costs or reserves (including such items related to
proposed and completed acquisitions and Dispositions and to closure/consolidation of facilities), (iii) Transaction Costs,
(iv) Prior Transaction Costs, (v) severance costs, including such costs related to proposed and completed Investments
permitted by this Agreement and Dispositions and to closure/consolidation of facilities, in each case incurred by the Lead Borrower
and its Restricted Subsidiaries and (vi) transaction fees and Charges (1) incurred in connection with the consummation
of any transaction (or any transaction proposed and not consummated) permitted under this Agreement, including the issuance or
offering of Capital Stock, Investments, acquisitions, Dispositions, recapitalizations, mergers, consolidations or amalgamations,
option buyouts or incurrences, repayments, refinancings, amendments or modifications of Indebtedness (including any amortization
or writeoff of debt issuance or deferred financing costs, premiums and prepayment penalties) or similar transactions 



    	 	-15-	 



     


    

 


and/or (2) that
are actually reimbursed or reimbursable by third parties pursuant to indemnification or reimbursement provisions or similar agreements
or insurance; provided that in respect of any fee, cost, expense or reserve that is added back in reliance on clause (2)
above, such Person in good faith expects to receive reimbursement for such fee, cost, expense or reserve within the next four Fiscal
Quarters (it being understood that to the extent any reimbursement amount is not actually received within such Fiscal Quarters,
such reimbursement amount shall be deducted in calculating Consolidated Adjusted EBITDA for such Fiscal Quarters); plus


(e)       the
amount of cost savings, operational expense improvements and synergies projected by such Person in good faith to be realized as
a result of actions taken during such period or to be taken in connection with a transaction that is being given pro forma effect
(calculated on a pro forma basis as though such cost savings, operational expense improvements and synergies had been realized
on the first day of such period), net of the amount of actual benefits realized during such period from such actions; provided
that a duly completed certificate signed by a Responsible Officer of the Lead Borrower shall be delivered to the Administrative
Agent together with the Officer’s Certificate required to be delivered pursuant to Section 5.01(c), certifying
that (x) such cost savings, operational expense improvements and synergies are reasonably identifiable and factually supportable
(in the good faith determination of such Person, as certified by a chief financial officer, treasurer or equivalent officer of
such Person) and (y) such cost savings, operational expense improvements and synergies are expected in good faith to be realized
within 18 months of the end of such period; provided, further, that the aggregate amount included in Consolidated
Adjusted EBITDA pursuant to this clause (e) for any period shall not exceed15% of Consolidated Adjusted EBITDA (calculated
prior to giving effect to any adjustments pursuant to this clause (e)); minus


(f)       to
the extent such amounts otherwise increase Consolidated Net Income, (i) non Cash items increasing such Consolidated Net Income
for such period other than the accrual of revenue consistent with past practice, in each case, on a consolidated basis and determined
in accordance with GAAP, (ii) unrealized net gains (x) due to fluctuations in currency values and the related tax effects
or (y) in the fair market value of any arrangements under Derivative Transactions, (iii) the amount included in Consolidated
Net Income pursuant to clause (ix) of the definition thereof (as described in such clause) to the extent the relevant business
interruption insurance proceeds were not received within the time period required by such clause, and (iv) to the extent that
such Person adds back the amount of any non­Cash charge to Consolidated Adjusted EBITDA pursuant to clause (c) above, the Cash
payment in respect thereof in the relevant future period.


Notwithstanding anything to the contrary
herein, it is agreed that for the purpose of calculating the Total Leverage Ratio, Total Net Leverage Ratio, the First Lien Net
Leverage Ratio, the Secured Net Leverage Ratio and the Fixed Charge Coverage Ratio for any period that includes the Fiscal Quarters
ended March 29, 2020, December 31, 2019, September 30, 2019, June 30, 2019, (i) Consolidated Adjusted EBITDA for the Fiscal
Quarter ended March 31, 2020 shall be deemed to be $143.6 million, (ii) Consolidated Adjusted EBITDA for the Fiscal Quarter
ended December 29, 2019 shall be deemed to be $102.5 million, (iii) Consolidated Adjusted EBITDA for the Fiscal Quarter
ended September 30, 2019 shall be deemed to be $163.3 million, and (iv) Consolidated Adjusted EBITDA for the Fiscal
Quarter ended June 30, 2019 shall be deemed to be $172.6 million; provided that (x) for the four Fiscal Quarter
period ended March 29, 2020, Consolidated Adjusted EBITDA, calculated on a Pro Forma Basis, shall be deemed to be $582.0 million
and (y) for any subsequent four Fiscal Quarter period that includes any of the Fiscal Quarters described under clauses (ii)
through (iv) above, Consolidated Adjusted EBITDA shall include the applicable amounts set forth in such clauses and
the Pro Forma Basis calculation shall be in accordance with the terms thereof.


“Consolidated First Lien Debt”
means, as to any Person at any date of determination, the aggregate principal amount of Consolidated Total Debt outstanding on
such date that is secured by a first priority Lien on any asset or property of such Person or its Restricted Subsidiaries.


“Consolidated Net Income”
means, with respect to any specified Person for any period, the aggregate of the Net Income of such Person and its Subsidiaries
for such period, on a consolidated basis, determined in accordance with GAAP; provided that:


(i)       the
Net Income (but not loss) of any Person that is not a Restricted Subsidiary or that is accounted for by the equity method of accounting
shall be included only to the extent of the



    	 	-16-	 



     


    

 


amount of dividends or distributions paid in Cash to the specified Person or a Restricted
Subsidiary thereof;


(ii)       the
Net Income of any Restricted Subsidiary (other than a Subsidiary Guarantor) shall be excluded to the extent that the declaration
or payment of dividends or similar distributions by that Restricted Subsidiary of that Net Income is not at the date of determination
permitted without any prior governmental approval (that has not been obtained) or, directly or indirectly, by operation of the
terms of its charter or any agreement, instrument, judgment, decree, order, statute, rule or governmental regulation applicable
to that Restricted Subsidiary or its equityholders;


(iii)       the
Net Income of any Person acquired during the specified period for any period prior to the date of such acquisition shall be excluded;


(iv)       the
cumulative effect of a change in accounting principles shall be excluded;


(v)       notwithstanding
clause (i) above, the Net Income (but not loss) of any Unrestricted Subsidiary shall be excluded, whether or not distributed
to the specified Person or one of its Subsidiaries;


(vi)       (a)
unrealized gains and losses due solely to fluctuations in currency values and the related tax effects according to GAAP shall be
excluded (until realized, at which time such gains or losses shall be included); and (b) unrealized gains and losses
with respect to obligations under any Derivative Transactions shall be excluded (until realized, at which time such gains or losses
shall be included);


(vii)       any
non­cash charge or expense realized or resulting from stock option plans, employee benefit plans or post-employment benefit plans,
or grants or sales of stock, stock appreciation or similar rights, stock options, restricted stock, Disqualified Capital Stock
or other rights shall be excluded;


(viii)       (a)(i)
the non­cash portion of “straight line” rent expense less (ii) the Cash portion of “straight line”
rent expense which exceeds the amount expensed in respect of such rent expense shall be excluded and (b) non­cash gains, losses,
income and expenses resulting from fair value accounting required by the applicable standard under GAAP and related interpretations
shall be excluded (until realized, at which time such gains or losses shall be included);


(ix)       to
the extent covered by insurance and actually reimbursed, or, so long as such Person has made a determination that there exists
reasonable evidence that such amount will in fact be reimbursed by the insurer and only to the extent that such amount is (a) approved
by the applicable carrier in writing within 180 days and (b) in fact reimbursed within 365 days of the
date of such evidence (with a deduction for any amount so added back to the extent not so reimbursed within 365 days),
(i) expenses with respect to liability or casualty events or business interruption shall be excluded and (ii) amounts
received, or estimated in good faith to be received, from insurance in respect of lost earnings in respect of liability or causality
events or business interruption shall be included (with a deduction for (x) amounts actually received up to such estimated
amount to the extent included in Net Income in a future period and (y) for estimated amounts in excess of amounts actually
received in a future period);


(x)       any
charges resulting from the application of FASB ASC 350, Intangibles — Goodwill and Other, Accounting Standards
Codification Topic 360-10-35-15, Impairment or Disposal of Long­Lived Assets, Accounting Standards Codification Topic 480-10-25-4,
Distinguishing Liabilities from Equity—Overall Recognition, or Accounting Standards Codification Topic 820 Fair
Value Measurements and Disclosures, the amortization of intangibles arising pursuant to FASB ASC 805, Business Combinations,
non­cash interest expense resulting from the application of Accounting Standards Codification Topic 470-20 Debt—Debt
with 



    	 	-17-	 



     


    

 


Conversion Options—Recognition, and any non­cash income tax expense that results from the inability to include deferred
tax liabilities related to indefinite­lived intangible assets as future reversals of temporary differences under FASB ASC 740-10-30-18,
shall be excluded; and


(xi)       restructuring
and related charges and acquisition and related integration charges, including but not limited to, restructuring charges related
to the Prior Transactions and the Transactions, shall be excluded.


Notwithstanding the foregoing, for the
purpose of calculating the Available Amount only, there shall be excluded from Consolidated Net Income, without duplication, any
income consisting of dividends, repayments of loans or advances or other transfers of assets from non­wholly owned Restricted Subsidiaries,
Unrestricted Subsidiaries or joint ventures to the Lead Borrower or any of its Restricted Subsidiary, and any income consisting
of a return of capital, repayment or other proceeds from dispositions or repayments of Investments, in each case to the extent
such income would be included in Consolidated Net Income and such related dividends, repayments, transfers, return of capital or
other proceeds are applied by the Loan Parties to increase the Available Amount.


“Consolidated Secured Debt”
means, as to any Person at any date of determination, the aggregate principal amount of Consolidated Total Debt outstanding on
such date that is secured by a Lien on any asset or property of such Person or its Restricted Subsidiaries.


“Consolidated Total Assets”
means, at any date, all amounts that would, in conformity with GAAP, be set forth opposite the caption “total assets”
(or any like caption) on a consolidated balance sheet of the applicable Person at such date.


“Consolidated Total Debt”
means, as to any Person at any date of determination, the aggregate principal amount of all third party debt for borrowed money
(including LC Disbursements that have not been reimbursed in accordance with the terms hereof and the outstanding principal balance
of all Indebtedness of such Person represented by notes, bonds and similar instruments), Capital Leases and purchase money Indebtedness
(but excluding, for the avoidance of doubt, undrawn letters of credit).


“Consolidated
Working Capital” means, as at any date of determination, the excess of Current Assets over Current Liabilities.


“Consolidated
Working Capital Adjustment” means, for any period on a consolidated basis, the amount (which may be a negative number) by
which Consolidated Working Capital as of the beginning of such period exceeds (or is less than) Consolidated Working Capital as
of the end of such period; provided that there shall be excluded (a) the effect of reclassification during such
period between current assets and long term assets and current liabilities and long term liabilities (with a corresponding restatement
of the prior period to give effect to such reclassification), (b) the effect of any Disposition of any Person, facility or
line of business or acquisition of any Person, facility or line of business during such period, (c) the effect of any fluctuations
in the amount of accrued and contingent obligations under any Hedge Agreement, and (d) the application of purchase or recapitalization
accounting.


“Contract
Consideration” has the meaning assigned to such term in the definition of “Excess Cash Flow”.


“Contractual Obligation”
means, as applied to any Person, any provision of any Security issued by that Person or of any indenture, mortgage, deed of trust,
contract, undertaking, agreement or other instrument to which that Person is a party or by which it or any of its properties is
bound or to which it or any of its properties is subject.


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



    	 	-18-	 



     


    




“Copyright” means the
following: (a) all copyrights, rights and interests in copyrights, works protectable by copyright whether published or unpublished,
copyright registrations and copyright applications; (b) all renewals of any of the foregoing; (c) all income,
royalties, damages, and payments now or hereafter due and/or payable under any of the foregoing, including, without limitation,
damages or payments for past or future infringements for any of the foregoing; (d) the right to sue for past, present,
and future infringements of any of the foregoing; and (e) all rights corresponding to any of the foregoing.


“Covered Entity” shall
mean any of the following: (i) a “covered entity” as that term is defined in, and interpreted in accordance with, 12
C.F.R. § 252.82(b); (ii) a “covered bank” as that term is defined in, and interpreted in accordance with, 12 C.F.R.
§ 47.3(b); or (iii) a “covered FSI” as that term is defined in, and interpreted in accordance with, 12 C.F.R.§
382.2(b).


“Covered Party” shall
have the meaning provided in Section 9.25.


“Credit Extension” means
each of (i) the making of a Revolving Loan or (ii) the issuance, amendment, modification, renewal or extension of any
Letter of Credit (other than any such amendment, modification, renewal or extension that does not increase the Stated Amount of
the relevant Letter of Credit).


“Credit Facilities”
means the Initial Term Facility and the Revolving
Facility.


“CS” has the meaning
assigned to such term in the preamble to this Agreement.


“Cure Amount” has the
meaning assigned to such term in Section 6.15(b).


“Cure Right” has the
meaning assigned to such term in Section 6.15(b).


“Current
Assets” means, at any time the consolidated current assets (other than Cash and Cash Equivalents, the current portion of
current and deferred Taxes, permitted loans made to third parties, assets held for sale, pension assets, deferred bank fees and
derivative financial instruments) of any Person and its Restricted Subsidiaries.


“Current
Liabilities” means, at any time, the consolidated current liabilities of any Person and its Restricted Subsidiaries at such
time, but excluding, without duplication, (a) the current portion of any long-term Indebtedness, (b) outstanding revolving
loans, (c) the current portion of interest expense, (d) the current portion of any Capital Lease, (e) the current
portion of current and deferred Taxes, (f) liabilities in respect of unpaid earn-outs, (g) the current portion of any
other long-term liabilities, (h) accruals relating to restructuring reserves, (i) liabilities in respect of funds of third
parties on deposit with the Lead Borrower or any of its Restricted Subsidiaries, (j) any liability in respect of derivative
financial instruments and (k) any liabilities recorded in connection with stock-based awards, partnership interest-based awards,
awards of profits interests, deferred compensation awards and similar incentive based compensation awards or arrangements.


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


“Debtor Relief Laws”
means the Bankruptcy Code, and all other liquidation, conservatorship, bankruptcy, general assignment for the benefit of creditors,
moratorium, rearrangement, receivership, insolvency, reorganization or similar debtor relief laws of the U.S. or other applicable
jurisdictions from time to time in effect and affecting the rights of creditors generally.


“Declined
Proceeds” has the meaning assigned to such term in Section 2.11(b)(v).


“Default” means any
event or condition which upon notice, lapse of time or both would become an Event of Default.



    	 	-19-	 



     


    




“Defaulting Lender”
means any Lender that has (a) defaulted in its obligations under this Agreement, including without limitation, (x) to
make a Loan within two Business Days of the date required to be made by it hereunder or (y) to fund its participation in a
Letter of Credit required to be funded by it hereunder within two Business Days of the date such obligation arose or such Loan
or Letter of Credit was required to be made or funded, unless such Lender notifies the Administrative Agent and the Lead Borrower
in writing that such failure is the result of such Lender’s good faith determination that one or more conditions to funding
(which conditions precedent, together with the applicable default or breach of a representation, if any shall be specifically identified
in writing) has not been satisfied, (b) notified the Administrative Agent or any Issuing Bank or any Loan Party in writing
that it does not intend to satisfy any such obligation or has made a public statement to the effect that it does not intend to
comply with its funding obligations under this Agreement or under agreements in which it commits to extend credit generally, (c) failed,
within three Business Days after the request of Administrative Agent or the Lead Borrower, to confirm in writing that it will comply
with the terms of this Agreement relating to its obligations to fund prospective Loans and participations in then outstanding Letters
of Credit; provided that such Lender shall cease to be a Defaulting Lender pursuant to this clause (c)
upon receipt of such written confirmation by the Administrative Agent, (d) after the Closing Date, become (or any parent company
thereof has become) insolvent or been determined by any Governmental Authority having regulatory authority over such Person or
its assets, to be insolvent, or the assets or management of which has been taken over by any Governmental Authority or (e) after
the Closing Date, become the subject of a bankruptcy or insolvency proceeding, or has had a receiver, conservator, trustee, administrator,
assignee for the benefit of creditors or similar Person charged with reorganization or liquidation of its business or custodian,
appointed for it, or has taken any action in furtherance of, or indicating its consent to, approval of or acquiescence in, any
such proceeding or appointment, unless in the case of any Lender subject to this clause (e), the Lead Borrower and
the Administrative Agent shall each have determined that such Lender intends, and has all approvals required to enable it (in form
and substance satisfactory to each of the Lead Borrower and the Administrative Agent), to continue to perform its obligations as
a Lender hereunder; provided that no Lender shall be deemed to be a Defaulting Lender solely by virtue of the ownership
or acquisition of any Capital Stock in such Lender or its parent by any Governmental Authority; provided that such
action does not result in or provide such Lender with immunity from the jurisdiction of courts within the U.S. or from the
enforcement of judgments or writs of attachment on its assets or permit such Lender (or such Governmental Authority) to reject,
repudiate, disavow or disaffirm any contract or agreement to which such Lender is a party.


“Default Right” shall
have the meaning assigned to that term in, and shall be interpreted in accordance with, 12 C.F.R. §§ 252.81, 47.2 or
382.1, as applicable.


“Deposit Account” means
a demand, time, savings, passbook or like account with a bank, savings and loan association, credit union or like organization,
other than an account evidenced by a negotiable certificate of deposit.


“Derivative Transaction”
means (a) any interest­rate transaction, including any interest­rate swap, basis swap, forward rate agreement, interest rate
option (including a cap, collar or floor), and any other instrument linked to interest rates that gives rise to similar credit
risks (including when­issued  securities and forward deposits accepted), (b) any exchange­rate transaction, including any cross­currency
interest­rate swap, any forward foreign­exchange contract, any currency option, and any other instrument linked to exchange rates
that gives rise to similar credit risks, (c) any equity derivative transaction, including any equity­linked swap, any equity­linked
option, any forward equity­linked contract, and any other instrument linked to equities that gives rise to similar credit risk and
(d) any commodity (including precious metal) derivative transaction, including any commodity­linked swap, any commodity­linked
option, any forward commodity­linked contract, and any other instrument linked to commodities that gives rise to similar credit
risks; provided that no phantom stock or similar plan providing for payments only on account of services provided by
current or former directors, officers, employees, members of management, managers or consultants of the Lead Borrower or its subsidiaries
shall be a Derivative Transaction.


“Designated Gross Amount”
means the amount notified by the applicable Revolving Facility Borrower to the Administrative Agent upon the establishment of a
Multi­account Overdraft as being the maximum amount of Gross Outstandings that will, at any time, be outstanding under that Multi­account
Overdraft.



    	 	-20-	 



     


    




“Designated Net Amount”
means the amount notified by the relevant Revolving Facility Borrower to the Administrative Agent upon the establishment of a Multi­account
Overdraft as being the maximum amount of Net Outstandings that will, at any time, be outstanding under that Multi­account Overdraft.


“Designated non­Cash Consideration”
means the fair market value (as determined by the Lead Borrower in good faith) of non­Cash consideration received by the Lead Borrower
or any Restricted Subsidiary in connection with any Disposition pursuant to Section 6.07(h) that is designated as Designated
non­Cash Consideration pursuant to a certificate of a Responsible Officer of the Lead Borrower, setting forth the basis of such
valuation (which amount will be reduced by the amount of Cash or Cash Equivalents received in connection with a subsequent sale
or conversion of such Designated Non Cash Consideration to Cash or Cash Equivalents).


“Discount
Range” has the meaning assigned to such term in the definition of “Dutch Auction”.


“Disposition” or “Dispose”
means the sale, lease, sublease, or other disposition of any property of any Person.


“Disqualified Capital Stock”
means any Capital Stock which, by its terms (or by the terms of any security into which it is convertible or for which it is exchangeable),
or upon the happening of any event, (a) matures (excluding any maturity as the result of an optional redemption by the issuer
thereof) or is mandatorily redeemable (other than for Qualified Capital Stock), pursuant to a sinking fund obligation or otherwise,
or is redeemable at the option of the holder thereof (other than for Qualified Capital Stock and other than upon an asset sale
or change in control if such right is subject to the prior payment in full of the Obligations), in whole or in part, on or prior
to 91 days following the Latest Maturity Date at the time such Capital Stock is issued (it being understood that if any
such redemption is in part, only such part coming into effect prior to 91 days following the Latest Maturity Date shall
constitute Disqualified Capital Stock), (b) is or becomes convertible into or exchangeable (unless at the sole option of the
issuer thereof) for (i) debt securities or (ii) any Capital Stock that would constitute Disqualified Capital Stock, in
each case at any time on or prior to 91 days following the Latest Maturity Date at the time such Capital Stock is issued,
(c) contains any mandatory repurchase obligation or any other repurchase obligation at the option of the holder thereof (other
than for Qualified Capital Stock), in whole or in part, which may come into effect prior to 91 days following the Latest
Maturity Date at the time such Capital Stock is issued (it being understood that if any such repurchase obligation is in part,
only such part coming into effect prior to 91 days following the Latest Maturity Date shall constitute Disqualified Capital
Stock) or (d) provides for the scheduled payments of dividends in Cash on or prior to 91 days following the Latest
Maturity Date at the time such Capital Stock is issued; provided that any Capital Stock that would not constitute Disqualified
Capital Stock but for provisions thereof giving holders thereof (or the holders of any security into or for which such Capital
Stock is convertible, exchangeable or exercisable) the right to require the issuer thereof to redeem such Capital Stock upon the
occurrence of any change in control or any Disposition occurring prior to 91 days following the Latest Maturity Date
at the time such Capital Stock is issued shall not constitute Disqualified Capital Stock if such Capital Stock provides that the
issuer thereof will not redeem any such Capital Stock pursuant to such provisions prior to the Termination Date.


Notwithstanding the preceding sentence,
(A) if such Capital Stock is issued pursuant to any plan for the benefit of directors, officers, employees, members of management,
managers or consultants or by any such plan to such directors, officers, employees, members of management, managers or consultants,
in each case in the ordinary course of business of Holdings, the Lead Borrower or any Restricted Subsidiary, such Capital Stock
shall not constitute Disqualified Capital Stock solely because it may be required to be repurchased by the issuer thereof in order
to satisfy applicable statutory or regulatory obligations, and (B) no Capital Stock held by any future, present or former
employee, director, officer, manager, member of management or consultant (or their respective Affiliates or Immediate Family Members)
of the Lead Borrower (or any Parent Company or any subsidiary) shall be considered Disqualified Capital Stock because such stock
is redeemable or subject to repurchase pursuant to any management equity subscription agreement, stock option, stock appreciation
right or other stock award agreement, stock ownership plan, put agreement, stockholder agreement or similar agreement that may
be in effect from time to time.


“Disqualified Institution”
means (a) each bank, financial institution or other institutional lender and Company Competitor or Affiliate of a Company
Competitor identified on a list made available to the Arrangers on June 30, 2020 (as such list may be supplemented from time
to time by the Lead Borrower pursuant to clause (b) 



    	 	-21-	 



     


    

 


below) and (b) any other person designated in writing to the Administrative
Agent after the Closing Date to the extent such person becomes a Company Competitor or is or becomes an Affiliate of a Company
Competitor (and is reasonably identifiable as such on the basis of such Affiliate’s name), which designation shall become
effective two days after delivery of each such written supplement to the Administrative Agent, but which shall not apply retroactively
to disqualify any persons with respect to any amounts that such person has previously acquired by assignment or participation interest
in the Loans and Commitments; provided that a Company Competitor or an Affiliate of a Company Competitor shall not
include any Bona Fide Debt Fund.


“Dollar Equivalent”
means, with respect to (i) an amount denominated in U.S. Dollars, such amount, (ii) an amount denominated in any
Alternative Currency, the equivalent in U.S. Dollars of such amount determined at the Exchange Rate on the applicable date
designated by the Administrative Agent, and (iii) any Ancillary Commitment (or Ancillary Outstandings), (A) if the amount
specified in the notice delivered to the Administrative Agent by the Borrower pursuant to Section 2.26(a)(ii) is in
U.S. Dollars, the amount thereof and (B) if the amount specified is denominated in Alternative Currency, the amount thereof
converted to U.S. Dollars in accordance with Section 1.09.


“Dollar LC Disbursement”
means a payment or disbursement made by an Issuing Bank pursuant to a Dollar Letter of Credit.


“Dollar LC Exposure”
means, at any time, the sum of (a) the aggregate undrawn and unexpired amount of all outstanding Dollar Letters of Credit
at such time and (b) the aggregate principal amount of all Dollar LC Disbursements that have not yet been reimbursed at such
time. The Dollar LC Exposure of any Revolving Lender at any time shall equal its Dollar Revolving Applicable Percentage of the
aggregate Dollar LC Exposure at such time. For all purposes of this Agreement, (x) if on any date of determination a Dollar Letter
of Credit has expired by its terms but any amount may still be drawn thereunder by reason of the operation of Rule 3.14 of the
International Standby Practices (ISP98), such Dollar Letter of Credit shall be deemed to be “outstanding” in the amount
so remaining available to be drawn and (y) unless otherwise specified herein, the amount of a Dollar Letter of Credit at any time
shall be deemed to be the stated amount of such Dollar Letter of Credit in effect at such time; provided that with respect
to any Dollar Letter of Credit that, by its terms or the terms of any document related thereto, provides for one or more automatic
increases in the stated amount thereof, the amount of such Dollar Letter of Credit shall be deemed to be the maximum stated amount
of such Dollar Letter of Credit after giving effect to all such increases, whether or not such maximum stated amount is in effect
at such time.


“Dollar LC Obligations”
means, at any time, the sum of (a) the amount available to be drawn under Dollar Letters of Credit then outstanding, assuming
compliance with all requirements for drawings referenced therein, plus (b) the aggregate principal amount of all unreimbursed
Dollar LC Disbursements.


“Dollar Letter of Credit”
means any Standby Letter of Credit or Commercial Letter of Credit denominated in U.S. Dollars issued (or, in the case of any
Existing Dollar Letter of Credit, deemed to be issued) pursuant to this Agreement under the Dollar Revolving Facility.


“Dollar Letter of Credit Sublimit”
means $60 million. For the avoidance of doubt, Existing Dollar Letters of Credit shall be counted towards the Dollar Letter
of Credit Sublimit.


“Dollar Revolving Applicable Percentage”
means, with respect to any Dollar Revolving Lender for any Class, the percentage of the Total Dollar Revolving Credit Commitment
represented by such Lender’s Dollar Revolving Credit Commitment for such Class; provided that for purposes of
Section 2.21 and otherwise herein, when there is a Defaulting Lender, any such Defaulting Lender’s Dollar Revolving
Credit Commitment shall be disregarded in the relevant calculations. In the event the Dollar Revolving Credit Commitments for any
Class shall have expired or been terminated, the Dollar Revolving Applicable Percentages of any Dollar Revolving Lender of such
Class shall be determined on the basis of the Dollar Revolving Credit Exposure of the applicable Dollar Revolving Lenders of such
Class, giving effect to any assignments and to any Dollar Revolving Lender’s status as a Defaulting Lender at the time of
determination.


“Dollar Revolving Credit Commitment”
means, with respect to each Lender, the commitment of such Lender to make Dollar Revolving Loans (and acquire participations in
Dollar Letters of Credit) hereunder as 



    	 	-22-	 



     


    

 


set forth on the Commitment Schedule, or in the Assignment and Assumption pursuant to which
such Lender assumed its Dollar Revolving Credit Commitment, as applicable, as the same may be (a) reduced from time to time
pursuant to Section 2.09, Section 2.11, Section 2.19 or Section 9.02(c), (b) reduced
or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 9.05, (c) increased
as part of an Incremental Revolving Facility or (d) other than for purposes of determining the Required Lenders or
the Required Revolving Lenders, if such Lender is an Ancillary Lender, decreased by the amount of such Lender’s
Ancillary Commitment (and increased to the extent such Ancillary Commitment is subsequently reduced, cancelled or terminated).


“Dollar Revolving Credit Exposure”
means, with respect to any Lender at any time, the aggregate Outstanding Amount at such time of all Dollar Revolving Loans of such
Lender plus the aggregate amount at such time of such Lender’s Dollar LC Exposure.


“Dollar Revolving Facility”
means, at any time, the aggregate amount of the Dollar Revolving Lenders’ Dollar Revolving Credit Commitments at such time,
which shall be funded in U.S. Dollars.


“Dollar Revolving Lender”
means a Lender with a Dollar Revolving Credit Commitment or an Additional Revolving Commitment or an outstanding Dollar Revolving
Loan or Additional Revolving Loan.


“Dollar Revolving Loans”
means the revolving Loans under the Dollar Revolving Facility made by the Lenders to the Lead Borrower pursuant to Section 2.01(a)(ii),
2.22, 2.23 or 9.02(c)(ii).


“Dollar Revolving Credit Maturity
Date” means the date that is five years after the Closing Date.


“Domestic Subsidiary”
means any Restricted Subsidiary incorporated or organized under the laws of the U.S., any state thereof or the District of Columbia.


“DQ List” has the meaning
assigned to such term in Section 9.05(f)(iv).


“Dutch
Auction” means an auction (an “Auction”) conducted by any Affiliated Lender (any such Person, the “Auction
Party”) in order to purchase Initial Term Loans (or any Additional Term Loans), in accordance with the following procedures;
provided that no Auction Party shall initiate any Auction unless (I) at least five Business Days have passed since
the consummation of the most recent purchase of Term Loans pursuant to an Auction conducted hereunder; or (II) at least
three Business Days have passed since the date of the last Failed Auction which was withdrawn pursuant to clause (c)(i) below:


(a)       Notice
Procedures. In connection with any Auction, the Auction Party will provide notification to the Auction Agent (for distribution
to the relevant Lenders) of the Term Loans that will be the subject of the Auction (an “Auction Notice”). Each Auction
Notice shall be in a form reasonably acceptable to the Auction Agent and shall (i) specify the maximum aggregate principal
amount of the Term Loans subject to the Auction, in a minimum amount of $10,000,000 and whole increments of $1,000,000 in excess
thereof (or, in any case, such lesser amount of such Term Loans then outstanding or which is otherwise reasonably acceptable to
the Auction Agent and the Administrative Agent (if different from the Auction Agent)) (the “Auction Amount”), (ii) specify
the discount to par (which may be a range (the “Discount Range”) of percentages of the par principal amount of the
Term Loans subject to such Auction), that represents the range of purchase prices that the Auction Party would be willing to accept
in the Auction, (iii) be extended, at the sole discretion of the Auction Party, to (x) each Lender and/or (y) each
Lender with respect to any Term Loan on an individual Class basis and (iv) remain outstanding through the Auction Response
Date. The Auction Agent will promptly provide each appropriate Lender with a copy of the Auction Notice and a form of the Return
Bid to be submitted by a responding Lender to the Auction Agent (or its delegate) by no later than 5:00 p.m. on the date specified
in the Auction Notice (or such later date as the Auction Party may agree with the reasonable consent of the Auction Agent) (the
“Auction Response Date”).



    	 	-23-	 



     


    




(b)       Reply
Procedures. In connection with any Auction, each Lender holding the relevant Term Loans subject to such Auction may, in its sole
discretion, participate in such Auction and may provide the Auction Agent with a notice of participation (the “Return Bid”)
which shall be in a form reasonably acceptable to the Auction Agent, and shall specify (i) a discount to par (that must be
expressed as a price at which it is willing to sell all or any portion of such Term Loans) (the “Reply Price”), which
(when expressed as a percentage of the par principal amount of such Term Loans) must be within the Discount Range, and (ii) a
principal amount of such Term Loans, which must be in whole increments of $1,000,000 (or, in any case, such lesser amount of such
Term Loans of such Lender then outstanding or which is otherwise reasonably acceptable to the Auction Agent) (the “Reply
Amount”). Lenders may only submit one Return Bid per Auction, but each Return Bid may contain up to three bids only one of
which may result in a Qualifying Bid. In addition to the Return Bid, the participating Lender must execute and deliver, to be held
in escrow by the Auction Agent, an Assignment and Assumption with the dollar amount of the Term Loans to be assigned to be left
in blank, which amount shall be completed by the Auction Agent in accordance with the final determination of such Lender’s
Qualifying Bid pursuant to clause (c) below. Any Lender whose Return Bid is not received by the Auction Agent by the Auction
Response Date shall be deemed to have declined to participate in the relevant Auction with respect to all of its Term Loans.


(c)       Acceptance
Procedures. Based on the Reply Prices and Reply Amounts received by the Auction Agent prior to the applicable Auction Response
Date, the Auction Agent, in consultation with the Auction Party, will determine the applicable price (the “Applicable Price”)
for the Auction, which will be the lowest Reply Price for which the Auction Party can complete the Auction at the Auction Amount;
provided that, in the event that the Reply Amounts are insufficient to allow the Auction Party to complete a purchase of
the entire Auction Amount (any such Auction, a “Failed Auction”), the Auction Party shall either, at its election,
(i) withdraw the Auction or (ii) complete the Auction at an Applicable Price equal to the highest Reply Price. The Auction
Party shall purchase the relevant Term Loans (or the respective portions thereof) from each Lender with a Reply Price that is equal
to or lower than the Applicable Price (“Qualifying Bids”) at the Applicable Price; provided that if the
aggregate proceeds required to purchase all Term Loans subject to Qualifying Bids would exceed the Auction Amount for such Auction,
the Auction Party shall purchase such Term Loans at the Applicable Price ratably based on the principal amounts of such Qualifying
Bids (subject to rounding requirements specified by the Auction Agent in its discretion). If a Lender has submitted a Return Bid
containing multiple bids at different Reply Prices, only the bid with the lowest Reply Price that is equal to or less than the
Applicable Price will be deemed to be the Qualifying Bid of such Lender (e.g., a Reply Price of $100 with a discount to
par of 2%, when compared to an Applicable Price of $100 with a 1% discount to par, will not be deemed to be a Qualifying
Bid, while, however, a Reply Price of $100 with a discount to par of 2.50% would be deemed to be a Qualifying Bid). The Auction
Agent shall promptly, and in any case within five Business Days following the Auction Response Date with respect to an Auction,
notify (I) the Lead Borrower of the respective Lenders’ responses to such solicitation, the effective date of the purchase
of Term Loans pursuant to such Auction, the Applicable Price, and the aggregate principal amount of the Term Loans and the tranches
thereof to be purchased pursuant to such Auction, (II) each participating Lender of the effective date of the purchase of
Term Loans pursuant to such Auction, the Applicable Price, and the aggregate principal amount and the tranches of Term Loans to
be purchased at the Applicable Price on such date, (III) each participating Lender of the aggregate principal amount and the
tranches of the Term Loans of such Lender to be purchased at the Applicable Price on such date and (IV) if applicable, each
participating Lender of any rounding and/or proration pursuant to the second preceding sentence. Each determination by the Auction
Agent of the amounts stated in the foregoing notices to the Lead Borrower and Lenders shall be conclusive and binding for all purposes
absent manifest error.


(d)       Additional
Procedures.


(i)       Once
initiated by an Auction Notice, the Auction Party may not withdraw an Auction other than a Failed Auction. Furthermore, in connection
with any Auction, upon submission by a Lender of a Qualifying Bid, such Lender will be obligated to sell the entirety or its allocable
portion of the Reply Amount, as the case may be, at the Applicable Price.


(ii)       To
the extent not expressly provided for herein, each purchase of Term Loans pursuant to an Auction shall be consummated pursuant
to procedures consistent with 



    	 	-24-	 



     


    

 


the provisions in this definition, established by the Auction Agent acting in its reasonable discretion
and as reasonably agreed by the Lead Borrower.


(iii)       In
connection with any Auction, the Lead Borrower and the Lenders acknowledge and agree that the Auction Agent may require as a condition
to any Auction, the payment of customary fees and expenses by the Auction Party in connection therewith as agreed between the Auction
Party and the Auction Agent.


(iv)       Notwithstanding
anything in any Loan Document to the contrary, for purposes of this definition, each notice or other communication required to
be delivered or otherwise provided to the Auction Agent (or its delegate) shall be deemed to have been given upon the Auction Agent’s
(or its delegate’s) actual receipt during normal business hours of such notice or communication; provided that
any notice or communication actually received outside of normal business hours shall be deemed to have been given as of the opening
of business on the next Business Day.


(v)       The
Lead Borrower and the Lenders acknowledge and agree that the Auction Agent may perform any and all of its duties under this definition
by itself or through any Affiliate of the Auction Agent and expressly consent to any such delegation of duties by the Auction Agent
to such Affiliate and the performance of such delegated duties by such Affiliate. The exculpatory provisions pursuant to this Agreement
shall apply to each Affiliate of the Auction Agent and its respective activities in connection with any purchase of Term Loans
provided for in this definition as well as activities of the Auction Agent.


“Early Opt-in
Election” means the occurrence of: (a) (i) a determination by the Administrative Agent or (ii) a notification by the
Required Lenders to the Administrative Agent (with a copy to the Borrower) that the Required Lenders have determined that U.S.
dollar-denominated syndicated credit facilities being executed at such time, or that include language similar to that contained
in Section 2.27 are being executed or amended, as applicable, to incorporate or adopt a new benchmark interest rate to replace
the LIBO Rate, and (b) (i) the election by the Administrative Agent or (ii) the election by the Required Lenders to declare that
an Early Opt-in Election has occurred and the provision, as applicable, by the Administrative Agent of written notice of such election
to the Lead Borrower and the Lenders or by the Required Lenders of written notice of such election to the Administrative Agent.


“ECF
Percentage” means, (a) if the First Lien Net Leverage Ratio calculated on a Pro Forma Basis as of the last day of the relevant
Fiscal Year (giving pro forma effect to the prepayment required by Section 2.11(b)(i)) is greater than 2.75 to 1.00, 50%, (b) if
the First Lien Net Leverage Ratio calculated on a Pro Forma Basis as of the last day of the relevant Fiscal Year (giving pro forma
effect to the prepayment required by Section 2.11(b)(i)) is less than or equal to 2.75 to 1.00, but greater than 2.25 to 1.00,
25% and (c) if the First Lien Net Leverage Ratio calculated on a Pro Forma Basis as of the last day of the relevant Fiscal Year
(giving pro forma effect to the prepayment required by Section 2.11(b)(i)) is less than or equal to 2.25 to 1.00, 0%.


“EEA Financial
Institution” means (a) any credit institution or investment firm established in any EEA Member Country which is subject
to the supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country which is a parent of an
institution described in clause (a) of this definition, or (c) any financial institution established in an EEA Member Country
which is a subsidiary of an institution described in clauses (a) or (b) of this definition and is subject to consolidated
supervision with its parent.


“EEA Member
Country” means any of the member states of the European Union, Iceland, Liechtenstein, and Norway.


“EEA Resolution
Authority” means any public administrative authority or any person entrusted with public administrative authority of
any EEA Member Country (including any delegee) having responsibility for the resolution of any EEA Financial Institution.



    	 	-25-	 



     


    




“Eligible Assignee”
means (a) any Lender, (b) any commercial bank, insurance company, or finance company, financial institution, any fund
that invests in loans or any other “accredited investor” (as defined in Regulation D of the Securities Act), (c) any
Affiliate of any Lender or,
(d) any Approved Fund of any Lender or (e) to the extent
permitted under Section 9.05(g), any Affiliated Lender; provided that in any event, “Eligible
Assignee” shall not include (i) any natural person, (ii) any Disqualified Institution or (iii) except
as permitted under Section 9.05(g), the Lead Borrower or any of its Affiliates.


“Engagement Letter”
means that certain Engagement Letter, dated as of June 15, 2020, by and between the Lead Borrower, Royal Bank of Canada and JPMorgan
Chase Bank, N.A..


“Environment” means
ambient air, indoor air, surface water, groundwater, drinking water, land surface and subsurface strata & natural resources
such as wetlands, flora and fauna.


“Environmental Claim”
means any written notice, notice of violation, claim, action, suit, proceeding, demand, abatement order or other order (conditional
or otherwise), by any Governmental Authority or any other Person, arising (a) pursuant to or in connection with any actual
or alleged violation of any Environmental Law; (b) in connection with any Hazardous Material or any actual or alleged
Hazardous Materials Activity; or (c) in connection with any actual or alleged damage, injury, threat or harm to the Environment.


“Environmental Laws”
means any and all foreign or domestic, federal or state (or any subdivision of either of them), statutes, ordinances, orders, rules,
regulations, judgments, Governmental Authorizations, or any other applicable requirements of Governmental Authorities and common
law relating to (a) environmental matters, including those relating to any Hazardous Materials Activity; or (b) the
generation, use, storage, transportation or disposal of or exposure to Hazardous Materials, in any manner applicable to the Lead
Borrower or any of its Restricted Subsidiaries or any Facility.


“Environmental Liability”
means any liability, contingent or otherwise (including any liability for damages, costs of environmental investigation or remediation,
fines, penalties or indemnities), resulting from or based upon (a) violation of any Environmental Law, (b) the generation,
use, handling, transportation, storage, treatment or disposal of any Hazardous Materials, (c) exposure to any Hazardous Materials,
(d) the Release or threatened Release of any Hazardous Materials into the Environment or (e) any contract, agreement
or other consensual arrangement pursuant to which liability is assumed or imposed with respect to any of the foregoing.


“ERISA” means the Employee
Retirement Income Security Act of 1974, as amended, and the rules and regulations promulgated thereunder.


“ERISA Affiliate” means,
as applied to any Person, (a) any corporation which is a member of a controlled group of corporations within the meaning of
Section 414(b) of the Code of which that Person is a member; and (b) any trade or business (whether or not incorporated)
which is a member of a group of trades or businesses under common control within the meaning of Section 414(c) of the Code
of which that Person is a member; or solely for purposes of Section 412 of the Code, an affiliated service group under Code Section
414(m).


“ERISA Event” means
(a) a “reportable event” within the meaning of Section 4043 of ERISA and the regulations issued thereunder
with respect to any Pension Plan (excluding those for which the 30-day notice period has been waived); (b) the failure
to meet the minimum funding standard of Section 412 of the Code with respect to any Pension Plan, or the filing of any request
for or receipt of a minimum funding waiver under Section 412 of the Code with respect to any Pension Plan or a failure to
make a required contribution to a Multiemployer Plan; (c) the provision by the administrator of any Pension Plan pursuant
to Section 4041(a)(2) of ERISA of a notice of intent to terminate such plan in a distress termination described in Section 4041(c)
of ERISA; (d) the withdrawal by the Lead Borrower, any of its Restricted Subsidiaries or any of its respective ERISA
Affiliates from any Pension Plan with two or more contributing sponsors or the termination of any such Pension Plan resulting in
liability to the Lead Borrower, any of its Restricted Subsidiaries or any of its respective ERISA Affiliates pursuant to Section 4063
or 4064 of ERISA; (e) the institution by the PBGC of proceedings to terminate any Pension Plan; (f) the
imposition of liability on the Lead Borrower, any of its Restricted Subsidiaries or any of its respective ERISA Affiliates pursuant
to Section 4062(e) or 4069 of ERISA or by reason of the application of Section 4212(c) of ERISA; (g) a
complete or partial withdrawal (within the meaning of Sections 4203 and 4205 of 



    	 	-26-	 



     


    

 


ERISA) of the Lead Borrower, any of its
Restricted Subsidiaries or any of its respective ERISA Affiliates from any Multiemployer Plan, or the receipt by the Lead Borrower,
any of its Restricted Subsidiaries or any of its respective ERISA Affiliates of notice from any Multiemployer Plan that it is in
insolvency pursuant to Section  4245 of ERISA, or that it intends to terminate or has terminated under Section 4041A
or 4042 of ERISA or is in “endangered” or “critical” status, within the meaning of Section 432
of the Code or Section 305 of ERISA; (h) a failure by the Lead Borrower, any of its Restricted Subsidiaries or any
of its respective ERISA Affiliates to pay when due (after expiration of any applicable grace period) any installment payment with
respect to withdrawal liability under Section 4201 of ERISA; (i) a determination that any Pension Plan is, or is
reasonably expected to be, in “at-risk” status, within the meaning of Section 430(i)(4) of the Code or Section 303(i)(4)
of ERISA; or (j) the incurrence of liability or the imposition of a Lien pursuant to Section 436 or 430(k)
of the Code or pursuant to ERISA with respect to any Pension Plan.


“Eurocurrency” means
when used in reference to any Loan or Borrowing, shall refer to whether such Loan, or the Loans comprising such Borrowing, are
bearing interest at a rate determined by reference to the LIBO Rate or the BA Rate, as applicable.


“European Insolvency Regulation”
means Council Regulation (EC) No. 1346/2000 of May 29, 2012 on Insolvency Proceedings, as amended from time to time.


“EU Bail-In Legislation Schedule”
shall mean the EU Bail-In Legislation Schedule published by the Loan Market Association (or any successor person), as in effect
from time to time.


“Event of Default” has
the meaning assigned to such term in Article 7.


“Excess
Cash Flow” means, for any Test Period ending on the last day of any Fiscal Year, an amount (if positive) equal to:


(a)       the
sum, without duplication, of the amounts for such period of the following:


(i)       Consolidated
Net Income for such period, plus


(ii)       the
Consolidated Working Capital Adjustment for such period, plus


(iii)       Cash
gains of the type excluded from the definition of “Net Income” to the extent not otherwise included in calculating
Consolidated Net Income (except to the extent such gains consist of proceeds applied pursuant to Section 2.11(b)(ii)), minus


(b)       the
sum, without duplication, of the amounts for such period of the following:


(i)       all
permanent repayments of long term Indebtedness, including for purposes of clarity, the current portion of any such Indebtedness
(including (w) the principal component of payments in respect of Capital Leases, (x) payments under Section 2.09(b),
Section 2.10(a) or (b) and Section 2.11(a) and (y) prepayments of Term Loans to the extent (and only to the
extent) made with the Net Proceeds of a Prepayment Asset Sale that resulted in an increase to Consolidated Net Income and not in
excess of the amount of such increase and (z) the amount of any voluntary prepayments or purchases of Loans made by Holdings,
the Lead Borrower or any of their respective Subsidiaries pursuant to Section 9.05(g) (in an amount equal to the discounted
amount actually paid in respect of the principal amount of such Loans), but excluding (A) the amount of all deductions and
reductions to the amount of mandatory prepayments pursuant to clause (B) of Section 2.11(b)(i), (B) all other repayments
of the Term Loans and (C) repayments of the Revolving Loans, any Additional Revolving Loans or loans under any revolving credit
facility or arrangement, except to the extent a corresponding amount of the commitments under such revolving credit facility or
arrangement are permanently reduced in connection with such repayments), in each case, to



    	 	-27-	 



     


    

 


 the extent not financed with long-term
Indebtedness (other than revolving Indebtedness), plus


(ii)       [reserved],
plus


(iii)       Fixed
Charges (other than clause (4) of the definition of “Fixed Charges”) added back pursuant to clause (b) of
the definition of “Consolidated Adjusted EBITDA” to the extent paid in Cash, plus


(iv)       Taxes
(including pursuant to any Tax sharing arrangement or any Tax distribution) paid and provisions for Taxes, to the extent payable
in Cash with respect to such period, plus


(v)       [reserved],
plus


(vi)       the
aggregate amount of all Restricted Payments made under Sections 6.04(a) (other than Section 6.04(a)(ix)) or otherwise
consented to by the Required Lenders, in each case to the extent actually paid in Cash during such period, or, at the option of
the Lead Borrower, made after such period and prior to the date of the applicable Excess Cash Flow payment (except, in each case,
to the extent financed with long-term Indebtedness (other than revolving Indebtedness)), plus


(vii)       amounts
added back under clause (ix) of the definition of “Consolidated Net Income” to the extent such amounts have not
yet been received by the Lead Borrower or its Restricted Subsidiaries, plus


(viii)       an
amount equal to all expenses, charges and losses either (A) excluded in calculating Consolidated Net Income or (B) added
back in calculating Consolidated Adjusted EBITDA, in the case of clauses (A) and (B), to the extent paid in Cash, plus


(ix)       without
duplication of amounts deducted from Excess Cash Flow in respect of a prior period, at the option of the Lead Borrower, the aggregate
consideration required to be paid in Cash by the Lead Borrower or its Restricted Subsidiaries pursuant to binding contracts (the
“Contract Consideration”) entered into prior to or during such period relating to capital expenditures, acquisitions
or Investments permitted by Section 6.06 (other than Investments in (x) Cash and Cash Equivalents and (y) the Lead
Borrower or any of its Restricted Subsidiaries) to be consummated or made during the period of four consecutive Fiscal Quarters
of the Lead Borrower following the end of such period (except, in each case, to the extent financed with long-term Indebtedness
(other than revolving Indebtedness)); provided that to the extent the aggregate amount actually utilized to finance
such capital expenditures, acquisitions or Investments during such subsequent period of four consecutive Fiscal Quarters is less
than the Contract Consideration, the amount of the resulting shortfall shall be added to the calculation of Excess Cash Flow at
the end of such subsequent period of four consecutive Fiscal Quarters, plus


(x)       to
the extent not expensed (or exceeding the amount expensed) during such period or not deducted (or exceeding the amount deducted)
in calculating Consolidated Net Income, the aggregate amount of expenditures, fees, costs and expenses paid in Cash by the Lead
Borrower and its Restricted Subsidiaries during such period, other than to the extent financed with long-term Indebtedness (other
than revolving Indebtedness), plus


(xi)       Cash
payments (other than in respect of Taxes, which are governed by clause (iv) above) made during such period for any liability
the accrual of which in a prior period did not increase Excess Cash Flow in such prior period (provided there was no other
deduction to Consolidated Adjusted EBITDA or Excess Cash Flow related to such payment),



    	 	-28-	 



     


    

 


 except to the extent financed with long-term
Indebtedness (other than revolving Indebtedness), plus


(xii)       Cash
expenditures made in respect of any Hedge Agreement or other Derivative Transaction during such period to the extent (A) not
otherwise deducted in the calculation of Consolidated Net Income or Consolidated Adjusted EBITDA and (B) not financed with
long-term Indebtedness (other than revolving Indebtedness), plus


(xiii)       amounts
paid in Cash (except to the extent financed with long-term Indebtedness (other than revolving Indebtedness)) during such period
on account of (A) items that were accounted for as non­Cash reductions of Consolidated Net Income or Consolidated Adjusted
EBITDA in a prior period and (B) reserves or amounts established in purchase accounting to the extent such reserves or amounts
are added back to, or not deducted from, Consolidated Net Income, plus


(xiv)       without
duplication of clause (b)(i) above, Cash payments made by Holdings or its Restricted Subsidiaries during such period in respect
of long-term liabilities, including for purposes of clarity, the current portion of any such liabilities (other than Indebtedness)
of Holdings or its Restricted Subsidiaries, except to the extent such Cash payments were (A) deducted in the calculation of
Consolidated Net Income or Consolidated Adjusted EBITDA for such period or (B) financed with long-term Indebtedness (other
than revolving Indebtedness).


“Exchange Act” means
the Securities Exchange Act of 1934 and the rules and regulations of the SEC promulgated thereunder.


“Exchange Currency”
has the meaning assigned to such term in the definition of “Exchange Rate”.


“Exchange Rate” means
on any day with respect to any currency (the “Initial Currency”), the rate at which such currency may be exchanged
into another currency (the “Exchange Currency”), as set forth at approximately the close of business on
the Business Day that such conversion is to be made (or, if such conversion is to be made before close of business on such Business
Day, then at approximately the close of business on the immediately preceding Business Day) on such day on the Reuters World Currency
Page for the Initial Currency; in the event that such rate does not appear on any Reuters World Currency Page, the Exchange
Rate shall be determined by reference to such other publicly available service for displaying exchange rates as may be agreed upon
by the Administrative Agent and the Lead Borrower, or, in the absence of such agreement, such Exchange Rate shall instead be the
arithmetic average of the spot rates of exchange of the Administrative Agent in the market where its foreign currency exchange
operations in respect of the Initial Currency are then being conducted, at or about the close of business on the Business
Day that such conversion is to be made (or, if such conversion is to be made before close of business on such Business Day, then
at approximately the close of business on the immediately preceding Business Day) for the purchase of the Exchange Currency for
delivery two Business Days later; provided that if at the time of any such determination, no such spot rate can reasonably
be quoted, the Administrative Agent may use any reasonable method as it deems applicable to determine such rate, and such determination
shall be conclusive absent manifest error.


“Excluded Assets” means
each of the following:


(a)       any
contract, instrument, lease, licenses, agreement, franchise, charter, authorization, or other document as to which the grant of
a security interest would (i) constitute a violation of a restriction in favor of a third party (other than the Lead Borrower
or any of its Restricted Subsidiaries) or result in the abandonment, invalidation or unenforceability of any right of the relevant
Loan Party, unless and until any required consents shall have been obtained, or (ii) result in a breach, termination (or a
right of termination) or default under such contract, instrument, lease, license, agreement, franchise, charter, authorization
or other document (including pursuant to any “change of control” or similar provision); provided, however,
that any such asset will only constitute an Excluded Asset under clause (i) or clause (ii) above to the
extent such violation or breach, termination (or right of termination) 



    	 	-29-	 



     


    

 


or default would not be rendered ineffective pursuant to
Sections 9-406, 9-407, 9-408 or 9-409 of the UCC (or any successor provision or provisions) of any relevant jurisdiction
or any other applicable law; provided, further, that any such asset shall cease to constitute an Excluded Asset
at such time as the condition causing such violation, breach, termination (or right of termination) or default or right to amend
or require other actions no longer exists and to the extent severable, the security interest granted under the applicable Collateral
Document shall attach immediately to any portion of such contract, instrument, lease, license, agreement, franchise, charter, authorization
or document that does not result in any of the consequences specified in clauses (i) and (ii) above,


(b)       the
Capital Stock of any (i) Immaterial Subsidiary (except to the extent the security interest in such Capital Stock may be perfected
by the filing of a Form UCC-1 (or similar) financing statement), (ii) Unrestricted Subsidiary (except to the extent the
security interest in such Capital Stock may be perfected by the filing of a Form UCC-1 (or similar) financing statement),
and/or (iii) not­for­profit subsidiary,


(c)       (i)
any intent­to­use (or similar) Trademark application prior to the filing and acceptance of a “Statement of Use”, “Amendment
to Allege Use” or similar filing with respect thereto, only to the extent, if any, that, and solely during the period, in
which, if any, the grant of a security interest therein may impair the validity or enforceability of such intent­to­use Trademark
application under applicable law and (ii) unless agreed to by the Lead Borrower and the Administrative Agent, any IP Rights
registered in any foreign jurisdiction,


(d)       any
asset or property, the grant or perfection of a security interest in which would (A) require any governmental or third party
consent, approval, license or authorization that has not been obtained, (B) be prohibited by enforceable anti­assignment provisions
of applicable Requirements of Law, except, in the case of this clause (B), to the extent such prohibition would be
rendered ineffective under the UCC or other applicable law notwithstanding such prohibition, or (C) be prohibited by enforceable
anti­assignment provisions of contracts governing such asset in existence on the Closing Date (or on the date of acquisition of
the relevant asset (and in each case not entered into in anticipation of the Closing Date or such acquisition and except, in each
case, to the extent that term in such contract providing for such prohibition purports to prohibit the granting of a security interest
over all assets of such Loan Party or any other Loan Party)) other than to the extent such prohibition would be rendered in effective
under the UCC or other applicable law,


(e)       (i)
any leasehold Real Estate Asset, (ii) any owned Real Estate Asset that is not a Material Real Estate Asset and (iii) any
fixtures affixed to any Real Estate Asset to the extent a security interest in such fixtures may not be perfected by a Form UCC-1
(or similar) financing statement in the jurisdiction of organization of the applicable Loan Party or the jurisdiction of location
of such assets, as applicable,


(f)       any
interest in any partnership, joint venture or non­Wholly­Owned Subsidiary which cannot be pledged without (i) the consent of
one or more third parties other than the Lead Borrower or any of its Restricted Subsidiaries (after giving effect to Section 9-406,
9-407, 9-408 or 9-409 of the UCC (or any successor provision or provisions) of any relevant jurisdiction or any other applicable
law) or (ii) giving rise to a “right of first refusal”, a “right of first offer” or a similar right
that may be exercised by any third party,


(g)       any
Margin Stock,


(h)       (i)
the Capital Stock of any Foreign Subsidiary that is a CFC or of a CFC Holdco, other than 65% of the issued and outstanding
voting Capital Stock and 100% of the issued and outstanding non-voting Capital Stock of each such first­tier subsidiary, (ii) the
Capital Stock of any Subsidiary of such first­tier subsidiary and (iii) the assets of any (x) Excluded Subsidiary or (y) Subsidiary
substantially all of the assets of which consist of the Capital Stock of an Excluded Subsidiary,


(i)       Commercial
Tort Claims with a value (as reasonably estimated by the Lead Borrower) of less than $15,000,000,


(j)       any
Cash or Cash Equivalents comprised of (a) funds specially and exclusively used or to be used for payroll and payroll taxes
and other employee benefit payments to or for the benefit of any Loan Party’s employees, (b) funds used or to be used
to pay all Taxes required to be collected, remitted or withheld (including, 



    	 	-30-	 



     


    

 


without limitation, U.S. federal and state withholding
Taxes (including the employer’s share thereof)) and (c) any other funds which any Loan Party holds as an escrow or fiduciary
for the benefit of another Person,


(k)       any
accounts receivable and related assets (or interests therein) that are (i) sold to any Receivables Subsidiary or (ii) otherwise
pledged, factored, transferred or sold in connection with any Permitted Receivables Financing,


(l)       (i)
as­extracted collateral, (ii) timber to be cut, (iii) farm products, or (iv) manufactured homes, in the case of clauses (l)(iii)
and (l)(iv), other than to the extent constituting inventory,


(m)       assets
subject to liens securing permitted securitization financing (including receivables financings);


(n)       any
payroll accounts, tax accounts, accounts or funds held or received on behalf of third parties,


(o)       any
asset subject to a Lien of the type permitted by Section 6.02(m), 6.02(n), or 6.02(o), in each case if, to the extent
and for so long as the grant of a Lien thereon or the assignment thereof to secure any Secured Obligations is prohibited or requires
the consent of any Person (other than any Loan Party) as a condition to the creation of any other security interest on such asset,
and


(p)       any
asset with respect to which the Administrative Agent and the Lead Borrower have reasonably determined that the cost, burden, difficulty
or consequence (including any effect on the ability of the relevant Loan Party to conduct its operations and business in the ordinary
course of business) of obtaining, perfecting or maintaining a pledge or security interest therein, or obtaining such title insurance,
legal opinions or other deliverables in respect of such assets, or providing such Guarantees outweighs the benefit of a security
interest to the relevant Secured Parties afforded thereby.


“Excluded Debt Contribution”
has the meaning assigned to such term in Section 6.01(r).


“Excluded Subsidiary”
means:


(a)       any
Restricted Subsidiary that is not a Wholly-Owned Subsidiary,


(b)       any
Immaterial Subsidiary,


(c)       any
Restricted Subsidiary that is prohibited by law, regulation or contractual obligation existing on the Closing Date or at the time
such Restricted Subsidiary becomes a subsidiary (which Contractual Obligation was not entered into in contemplation of such Restricted
Subsidiary becoming a subsidiary) from providing a Loan Guaranty or that would require a governmental (including regulatory) consent,
approval, license or authorization to provide a Loan Guaranty,


(d)       any
not­for­profit subsidiary,


(e)       any
special purpose entity used for any Permitted Receivables Financing,


(f)       any
Foreign Subsidiary that is a CFC,


(g)       (i)
any CFC Holdco and/or (ii) any Domestic Subsidiary that is a direct or indirect subsidiary of any (x) Foreign Subsidiary
that is a CFC or (y) CFC Holdco,


(h)       any
Unrestricted Subsidiary; and



    	 	-31-	 



     


    




(i)       any
other Restricted Subsidiary with respect to which, in the reasonable judgment of the Administrative Agent and the Lead Borrower,
the burden or cost of providing a Loan Guaranty outweighs the benefits afforded thereby.


“Excluded Swap Obligation”
means, with respect to any Guarantor under the Loan Guaranty, any Swap Obligation if, and to the extent that, all or a portion
of the Loan Guaranty of such Guarantor of, or the grant by such Guarantor of a security interest to secure, such Swap Obligation
(or any Loan Guaranty thereof) is or becomes illegal under the Commodity Exchange Act or any rule, regulation or order of the Commodity
Futures Trading Commission (or the application or official interpretation of any thereof) by virtue of such Guarantor’s failure
for any reason to constitute an “eligible contract participant” as defined in the Commodity Exchange Act and the regulations
thereunder (determined after giving effect to Section 3.20 of the Loan Guaranty and any other “keepwell,”
support or other agreement for the benefit of such Guarantor) at the time the Loan Guaranty of such Guarantor or the grant of such
security interest becomes effective with respect to such Swap Obligation. If a Swap Obligation arises under a master agreement
governing more than one swap, such exclusion shall apply only to the portion of such Swap Obligation that is attributable to swaps
for which such Loan Guaranty or security interest is or becomes illegal.


“Excluded Taxes” means,
(i) with respect to the Administrative Agent, any Lender, any Ancillary Lender, any Issuing Bank, or any other recipient of
any payment to be made by or on account of any obligation of any Loan Party hereunder, (a) Taxes imposed on (or measured by)
its net income or franchise Taxes (i) by the jurisdiction under the laws of which such recipient is organized or in which
its principal office is located or, in the case of any Lender or any Ancillary Lender, in which its applicable lending office is
located or (ii) that are Other Connection Taxes, (b) any branch profits taxes imposed under Section 884(a) of the
Code by the U.S. or any similar tax imposed by any other jurisdiction described in clause (a), (c) in the
case of any Lender or any Ancillary Lender, any U.S. federal withholding tax that is imposed on amounts payable to such Lender
or such Ancillary Lender pursuant to a Requirement of Law in effect at the time such Lender becomes a party to this Agreement (or
designates a new lending office) or such Ancillary Lender becomes an Ancillary Lender, except (i) pursuant to an assignment
or designation of a new lending office under Section 2.19 and (ii) to the extent that such Lender (or its assignor,
if any) was entitled, immediately prior to the designation of a new lending office (or assignment), to receive additional amounts
from any Loan Party with respect to such withholding tax pursuant to Section 2.17, (d) any tax imposed as a result
of a failure by any Lender, any Ancillary Lender or any Issuing Bank to comply with Section 2.17(f) and (e) any
U.S. withholding tax under FATCA.


“Existing Dollar Letter of Credit”
means any letter of credit previously issued that (A) will remain outstanding on the Closing Date and (b) is listed on Schedule
1.01(b)-I, including any extension or renewal thereof.


“Existing Letter of Credit”
means any Existing Dollar Letter of Credit or Existing Multicurrency Letter of Credit.


“Existing Multicurrency Letter
of Credit” means any letter of credit previously issued that (A) will remain outstanding on the Closing Date and (b)
is listed on Schedule 1.01(b)-II, including any extension or renewal thereof.


“Extended Revolving Credit Commitment”
has the meaning assigned to such term in Section 2.23(a)(i).


“Extended Revolving Loans”
has the meaning assigned to such term in Section 2.23(a)(i).


“Extended
Term Loans” has the meaning assigned to such term in Section 2.23(a)(ii).


“Extension” has the
meaning assigned to such term in Section 2.23(a).


“Extension Offer” has
the meaning assigned to such term in Section 2.23(a).



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“Facility” means any
real property (including all buildings, fixtures or other improvements located thereon) now, hereafter or, except with respect
to Articles 5 and 6, hereof owned, leased, operated or used by the Lead Borrower or any of its Restricted
Subsidiaries.


“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 treaty, law, regulation or other official guidance enacted
in any other jurisdiction relating to any intergovernmental agreement between the U.S. and any other jurisdiction that facilitates
the implementation of such Sections of the Code.


“FCPA” has the meaning
assigned to such term in Section 3.17(c).


“Federal Funds Effective Rate”
means, for any day, the weighted average of the rates on overnight Federal funds transactions with members of the Federal Reserve
System arranged by Federal funds brokers, as published on the next succeeding Business Day by the Federal Reserve Bank of New York,
or, if such rate is not so published for any day that is a Business Day, the average of the quotations for such day for such transactions
received by Administrative Agent from three Federal funds brokers of recognized standing selected by it; provided that,
if the Federal Funds Effective Rate shall be less than zero, such rate shall be deemed to be zero for purposes of this Agreement.


“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.


“First
Amendment” means the First Amendment to this Agreement, dated as of March 3, 2021, by and among the Lead Borrower, the Administrative
Agent and the 2021 Term Lenders party thereto.


“First
Amendment Effective Date” means March 3, 2021.


“First Lien Net Leverage Ratio”
means the ratio, as of any date of determination, of (a) Consolidated First Lien Debt as of such date (net of (i) unrestricted
Cash and Cash Equivalents and (ii) Cash and Cash Equivalents restricted in favor of the Credit Facilities (which may also
include Cash and Cash Equivalents securing other Indebtedness secured by a Lien on the Collateral)) to (b) Consolidated Adjusted
EBITDA for the Test Period then most recently ended or the Test Period otherwise specified where the term “First Lien Net
Leverage Ratio” is used in this Agreement, in each case for the Lead Borrower and its Restricted Subsidiaries on a consolidated
basis.


“First Lien/Second Lien Intercreditor
Agreement” means an intercreditor agreement substantially in the form of Exhibit O hereto, or such other
customary form reasonably acceptable to the Administrative Agent and the Lead Borrower, as such document may be amended, restated,
supplemented or otherwise modified from time to time, and, in the case of any Borrower and/or Subsidiary Guarantor organized outside
of the United States, such intercreditor agreement shall reflect then customary market terms for non-domestic Borrowers that are
reasonably satisfactory to the Lead Borrower and the Administrative Agent.


“First Priority” means,
with respect to any Lien purported to be created in any Collateral pursuant to any Collateral Document, that, subject to any applicable
Intercreditor Agreement such Lien is senior in priority to any other Lien to which such Collateral is subject, other than any Permitted
Lien.


“Fiscal Quarter” means
a fiscal quarter of any Fiscal Year.


“Fiscal Year” means
the fiscal year of the Lead Borrower ending September 30 of each calendar year.


“Fixed Amounts” has
the meaning assigned to such term in Section 1.11(c).



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“Fixed Charge Coverage Ratio”
means with respect to any specified Person for any period, the ratio of the Consolidated Adjusted EBITDA of such Person for such
period to the Fixed Charges of such Person for such period.


“Fixed Charges” means,
with respect to any specified Person for any period, the sum, without duplication, of:


(1)       the
consolidated interest expense of such Person and its Restricted Subsidiaries for such period, whether paid or accrued, including,
without limitation, amortization of debt issuance costs and original issue discount, non­cash interest payments, the interest component
of any deferred payment obligations, the interest component of all payments associated with Capital Leases, commissions, discounts
and other fees and charges incurred in respect of letter of credit or bankers’ acceptance financings, and net of the effect
of all payments made, received or accrued in connection with Hedging Obligations (but excluding unrealized gains or losses with
respect thereto), but excluding (i) amortization of deferred financing fees, debt issuance costs, commissions, fees and expenses,
(ii) any expensing of bridge, commitment and other financing fees, (iii) any redemption premiums, prepayment fees, or
other charges or penalties incurred in connection with the Transactions or the Prior Transactions and (iv) any premiums, fees
or other charges incurred in connection with the refinancing of Indebtedness of the Lead Borrower on the Closing Date, until such
amounts are repaid in each case of (i) through (iv), to the extent included in any of the foregoing items listed in clause (1));
plus


(2)       the
consolidated interest of such Person and its Restricted Subsidiaries that was capitalized during such period; plus


(3)       any
interest expense on Indebtedness of another Person that is Guaranteed by such Person or one of its Restricted Subsidiaries, or
secured by a Lien on assets of such Person or one of its Restricted Subsidiaries, whether or not such Guarantee or Lien is called
upon; plus


(4)       the
product of (a) all dividends, whether paid or accrued and whether or not in Cash, on any series of Disqualified Capital Stock
of such Person or any of its Restricted Subsidiaries, other than (i) dividends on Capital Stock payable solely in Capital
Stock of the Lead Borrower (other than Disqualified Capital Stock) or (ii) dividends to the Lead Borrower or a Restricted
Subsidiary of the Lead Borrower, times (b) a fraction, the numerator of which is one and the denominator of which is one minus
the then current combined federal, state and local statutory tax rate of such Person, expressed as a decimal, in each case, on
a consolidated basis and in accordance with GAAP.


Notwithstanding the foregoing, any additional
charges arising from (i) the application of Accounting Standards Codification Topic 480-10-25-4 “Distinguishing
Liabilities from Equity—Overall Recognition” to any series of preferred stock other than Disqualified Capital Stock
or (ii) the application of Accounting Standards Codification Topic 470-20-25 “Debt—Debt with Conversion Options—Recognition,”
in each case, shall be disregarded in the calculation of Fixed Charges.


“Flood Hazard Property”
means any parcel of any Material Real Estate Asset subject to a Mortgage located in the U.S. in an area designated by the
Federal Emergency Management Agency as having special flood or mud slide hazards.


“Flood Insurance Laws”
means, collectively, (i) the National Flood Insurance Act of 1968 as now or hereafter in effect or any successor statute
thereto, (ii) the Flood Disaster Protection Act of 1973 as now or hereafter in effect or any successor statue thereto,
(iii) the National Flood Insurance Reform Act of 1994 as now or hereafter in effect or any successor statute thereto,
(iv) the Flood Insurance Reform Act of 2004 as now or hereafter in effect or any successor statute thereto and (v) Biggert­Waters Flood Insurance Reform Act of 2012 as now or hereafter in effect or any successor statute thereto.



    	 	-34-	 



     


    




“Foreign Lender” means
any Lender that is not a “United States person” within the meaning of Section 7701(a)(30) of the Code.


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


“Funding Account” has
the meaning assigned to such term in Section 2.03(f).


“GAAP” means generally
accepted accounting principles in the U.S. in effect and applicable to the accounting period in respect of which reference
to GAAP is made.


“German Borrower” has
the meaning assigned to such term in the definition of “Revolving Facility Borrowers”.


“Governmental Authority”
means any federal, state, municipal, national or other government, governmental department, commission, board, bureau, court, agency
or instrumentality or political subdivision thereof or any entity or officer exercising executive, legislative, judicial, regulatory
or administrative functions of or pertaining to any government or any court, in each case whether associated with a state or locality
of the U.S., the U.S., or a foreign government or any other political subdivision thereof (including any supra-national bodies such
as the European Union or the European Central Bank).


“Governmental Authorization”
means any permit, license, authorization, plan, directive, consent order or consent decree of or from any Governmental Authority.


“Granting Lender” has
the meaning assigned to such term in Section 9.05(e).


“Gross Outstandings”
means, in relation to a Multi­account Overdraft, the Ancillary Outstandings of that Multi­account Overdraft but calculated on the
basis that the words “net of any credit balance on any account of any Borrower under any Ancillary Facility with the relevant
Ancillary Lender to the extent that such credit balance is freely available to be set-off by such Ancillary Lender against liabilities
owing by such Borrower under such Ancillary Facility” in clause (a) of the definition of “Ancillary Outstandings”
were deleted.


“Guarantee” of or by
any Person (the “Guarantor”) means any obligation, contingent or otherwise, of the Guarantor guaranteeing or
having the economic effect of guaranteeing any Indebtedness or other monetary obligation of any other Person (the “Primary
Obligor”) in any manner and including any obligation of the Guarantor (a) to purchase or pay (or advance or supply
funds for the purchase or payment of) such Indebtedness or other monetary obligation or to purchase (or to advance or supply funds
for the purchase of) any security for the payment thereof, (b) to purchase or lease property, securities or services for the
purpose of assuring the owner of such Indebtedness or other monetary obligation of the payment thereof, (c) to maintain working
capital, equity capital or any other financial statement condition or liquidity of the Primary Obligor so as to enable the Primary
Obligor to pay such Indebtedness or other monetary obligation, (d) as an account party in respect of any letter of credit
or letter of guaranty issued to support such Indebtedness or monetary obligation, (e) entered into for the purpose of assuring
in any other manner the obligee in respect of such Indebtedness or other monetary obligation of the payment or performance thereof
or to protect such obligee against loss in respect thereof (in whole or in part) or (f) secured by any Lien on any assets
of such Guarantor securing any Indebtedness or other monetary obligation of any other Person, whether or not such Indebtedness
or monetary other obligation is assumed by such Guarantor (or any right, contingent or otherwise, of any holder of such Indebtedness
or other monetary obligation to obtain any such Lien); provided that the term “Guarantee” shall not include
endorsements for collection or deposit in the ordinary course of business, or customary and reasonable indemnity obligations in
effect on the Closing Date or entered into in connection with any acquisition, Disposition or other transaction permitted under
this Agreement (other than such obligations with respect to Indebtedness). The amount of any Guarantee shall be deemed to be an
amount equal to the stated or determinable amount of the related primary obligation, or portion thereof, in respect of which such
Guarantee is made or, if not stated or determinable, the maximum reasonably anticipated liability in respect thereof as determined
by the guaranteeing Person in good faith.


“Guarantor” has the
meaning assigned to such term in the definition of “Guarantee”.



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“Hazardous Materials”
means any chemical, material, substance or waste, or any constituent thereof, which is prohibited, limited or regulated as “toxic”,
“hazardous” or as a “pollutant” or “contaminant” or words of similar meaning or effect by any
Environmental Law or any Governmental Authority.


“Hazardous Materials Activity”
means any activity, event or occurrence involving any Hazardous Material, including the use, manufacture, possession, storage,
Release, threatened Release, discharge, placement, generation, transportation, processing, construction, treatment, abatement,
removal, remediation, disposal, disposition or handling of any Hazardous Material, and any corrective action or response action
with respect to any of the foregoing.


“Hedge Agreement” means
any agreement with respect to any Derivative Transaction between any Loan Party or any Restricted Subsidiary and any other Person.


“Hedging Obligations”
means, with respect to any Person, the obligations of such Person under any Hedge Agreement.


“Holdings” means (a) SB/RH
Holdings, LLC, a Delaware limited liability company and (b) any successor to Holdings following a transaction permitted by
Section 6.14(d).


“Immaterial Subsidiary”
means, as of any date, any Restricted Subsidiary of the Lead Borrower (a) that does not have assets in excess of 2.5%
of Consolidated Total Assets of the Lead Borrower and its Restricted Subsidiaries and (b) that does not contribute Consolidated
Adjusted EBITDA in excess of 2.5% of the Consolidated Adjusted EBITDA of the Lead Borrower and its Restricted Subsidiaries,
in each case, as of the last day of the most recently ended Test Period; provided that the Consolidated Total Assets
and Consolidated Adjusted EBITDA (as so determined) of all Immaterial Subsidiaries shall not exceed 5.0% of Consolidated Total
Assets and 5.0% of Consolidated Adjusted EBITDA, in each case, of the Lead Borrower and its Restricted Subsidiaries for the
relevant Test Period; provided, further, that, at all times prior to the first delivery of financial statements
pursuant to Section 5.01(a) or (b), this definition shall be applied based on the pro forma consolidated financial
statements of the Lead Borrower delivered pursuant to Section 4.01.


“Immediate Family Member”
means, with respect to any individual, such individual’s child, stepchild, grandchild or more remote descendant, parent,
stepparent, grandparent, spouse, former spouse, domestic partner, former domestic partner, sibling, mother­in­law, father­in­law, son­in­law
and daughter­in­law (including adoptive relationships), any trust, partnership or other bona fide estate­planning vehicle the only
beneficiaries of which are any of the foregoing individuals, such individual’s estate (or an executor or administrator acting
on its behalf), heirs or legatees or any private foundation or fund that is controlled by any of the foregoing individuals or any
donor­advised fund of which any such individual is the donor.


“Incremental Cap” means:


(a)       (i)
the greater of $600,000,000 and 100% of Consolidated Adjusted EBITDA less (ii) the aggregate principal amount of all
Incremental Facilities and Incremental Equivalent Debt incurred or issued in reliance on clause (a)(i) of this definition,
plus


(b)       in
the case of any Incremental Facility that effectively extends the Maturity Date with respect to any Class of Loans and/or commitments
hereunder, an amount equal to the portion of the relevant Class of Loans or commitments that will be replaced by such Incremental
Facility, plus


(c)       in
the case of any Incremental Facility that effectively replaces any Revolving Credit Commitment terminated in accordance with Section 2.19,
an amount equal to the relevant terminated Revolving Credit Commitment, plus


(d)       (A)
the amount of any optional prepayment of any Loan including any Loan under any Incremental Facility or any Incremental Equivalent
Debt (other than, in each case, incurred pursuant to clause (e) below) in accordance with Section 2.11(a) (accompanied,
to the extent such prepayments are of Revolving Loans, 



    	 	-36-	 



     


    

 


by a commitment reduction in the like amount under the applicable Revolving
Facility) and/or the amount of any permanent reduction of any Revolving Credit Commitment or Additional Revolving Commitment so
long as, in the case of any optional prepayment, such prepayment was not funded (i) with the proceeds of any long-term Indebtedness
(other than revolving Indebtedness) or (ii) with the proceeds of any Incremental Facility incurred in reliance on clause (b)
or clause (c) above less (B) the aggregate principal amount of all Incremental Facilities and Incremental
Equivalent Debt incurred or issued in reliance on clause (d)(A) of this definition, plus


(e)       an
unlimited amount so long as, in the case of this clause (e), if such Incremental Facility is secured by a Lien on the
Collateral that is pari passu with the Lien securing the Credit Facilities on the Closing Date, the First Lien Net Leverage
Ratio would not exceed 3.25:1.00 (it being acknowledged that, solely to the extent that amounts incurred under clause (a)
or (d) and this clause (e) are incurred simultaneously, in calculating the amount that may be incurred under clause (e),
the First Lien Net Leverage Ratio may exceed 3.25 to 1.00 as a result of the incurrence of the amount permitted to be
incurred at such time under clause (a) or (d)), calculated on a Pro Forma Basis, including the application of the proceeds
thereof (without “netting” the Cash proceeds of the applicable Incremental Facility) (and determined on the basis of
the financial statements for the most recently ended Test Period which have been delivered pursuant to Section 5.01(a)
or 5.01(b)), and, in the case of any Incremental Revolving Facility, assuming a full drawing under such Incremental
Revolving Facility.


Any Incremental Facility shall be deemed
to have been incurred in reliance on clause (d) above prior to any amounts under clause (a) or (e) above.
Any Incremental Facility shall be deemed to have been incurred in reliance on clause (e) above prior to any amounts
under clause (a) above, unless the Lead Borrower specifies otherwise.


“Incremental Commitment”
means any commitment made by a lender to provide all or any portion of any Incremental Facility or Incremental Loans.


“Incremental Equivalent Debt”
has the meaning assigned to such term in Section 6.01(z).


“Incremental Facilities”
has the meaning assigned to such term in Section 2.22(a).


“Incremental Loans”
has the meaning assigned to such term in Section 2.22(a).


“Incremental Revolving Commitment”
means any commitment made by a lender to provide all or any portion of any Incremental Revolving Facility.


“Incremental Revolving Facility”
has the meaning assigned to such term in Section 2.22(a).


“Incremental Revolving Facility
Lender” means, with respect to any Incremental Revolving Facility, each Revolving Lender providing any portion of such
Incremental Revolving Facility.


“Incremental Revolving Loans”
has the meaning assigned to such term in Section 2.22(a).


“Incremental Term Facility”
has the meaning assigned to such term in Section 2.22(a).


“Incremental Term Loans”
has the meaning assigned to such term in Section 2.22(a).


“Incremental
Term Loan Borrowing Date” means, with respect to each Class of Incremental Term Loans, each date on which Incremental Term
Loans of such Class are incurred pursuant to Section 2.01(b) and as otherwise specified in any amendment providing for Incremental
Term Loans in accordance with Section 2.22.


“Incurrence­Based Amounts”
has the meaning assigned to such term in Section 1.11(c).


“Indebtedness” as applied
to any Person means, without duplication, (a) all indebtedness for borrowed money; (b) that portion of obligations
with respect to Capital Leases to the extent recorded as a liability on 



    	 	-37-	 



     


    

 


a balance sheet (excluding the footnotes thereto) of such
Person prepared in accordance with GAAP; (c) all obligations of such Person evidenced by bonds, debentures, notes or
similar instruments to the extent the same would appear as a liability on a balance sheet (excluding the footnotes thereto) of
such Person prepared in accordance with GAAP; (d) any obligation owed for all or any part of the deferred purchase price
of property or services (excluding (i) any earn out obligation or purchase price adjustment until such obligation becomes
a liability on the statement of financial position or balance sheet (excluding the footnotes thereto) in accordance with GAAP,
(ii) any such obligations incurred under ERISA, (iii) accrued expenses and trade accounts payable in the ordinary course
of business (including on an inter-company basis); (iv) liabilities associated with customer prepayments and deposits;
(v) purchase price holdbacks in respect of a portion of the purchase price of an asset to satisfy warranty or other unperformed
obligation of the applicable seller and (vi) any Indebtedness defeased by such Person or by any subsidiary of such Person),
which purchase price is (i) due more than six months from the date of incurrence of the obligation in respect thereof or (ii) evidenced
by a note or similar written instrument; (e) all Indebtedness of others secured by any Lien on any property or asset
owned or held by such Person regardless of whether the Indebtedness secured thereby shall have been assumed by such Person or is
non-recourse to the credit of such Person; (f) the face amount of any letter of credit issued for the account of such
Person or as to which such Person is otherwise liable for reimbursement of drawings; (g) the Guarantee by such Person
of the Indebtedness of another; (h) all obligations of such Person in respect of any Disqualified Capital Stock and (i) all
net obligations such Person would incur in the event of an early termination on the date Indebtedness of such Person is being determined
in respect of any Derivative Transaction, including any Hedge Agreement, whether or not entered into for hedging or speculative
purposes; provided that (i) in no event shall obligations under any Derivative Transaction be deemed “Indebtedness”
for any calculation of any financial ratio under this Agreement and (ii) the amount of Indebtedness of any Person for purposes
of clause (e) shall be deemed to be equal to the lesser of (A) the aggregate unpaid amount of such Indebtedness
and (B) the fair market value of the property encumbered thereby as determined by such Person in good faith. For all purposes
hereof, the Indebtedness of any Person shall include the Indebtedness of any partnership) in which such Person is a general partner,
except to the extent such Person’s liability for such Indebtedness is otherwise limited and only to the extent such Indebtedness
would otherwise be included in the calculation of Consolidated Total Debt; provided, further, that, notwithstanding
anything herein to the contrary, the term “Indebtedness” shall not include, and shall be calculated without giving
effect to, the effects of Accounting Standards Codification Topic 815 and related interpretations to the extent such effects
would otherwise increase or decrease an amount of Indebtedness for any purpose hereunder as a result of accounting for any embedded
derivatives created by the terms of such Indebtedness and any such amounts that would have constituted Indebtedness hereunder but
for the application of this proviso shall not be deemed an incurrence of Indebtedness hereunder. Notwithstanding the foregoing,
Indebtedness of the Lead Borrower and its Restricted Subsidiaries shall exclude (1) liabilities under vendor agreements to
the extent such liabilities may be satisfied exclusively through non­Cash means such as purchase volume earning credits, (2) reserves
for deferred taxes, (3) in the case of the Lead Borrower or any Restricted Subsidiary, all inter-company Indebtedness having
a term not exceeding 364 days (inclusive of roll over or extensions of term) and made in the ordinary course of business
and, if owed by a Loan Party, expressly subordinated to the Secured Obligations and (4) inter-company liabilities in connection
with the treasury and cash management (including receivables and payables), tax and accounting operations of the Lead Borrower
and its Restricted Subsidiaries in the ordinary course of business.


“Indemnified Taxes”
means Taxes, other than Excluded Taxes or Other Taxes, imposed on or with respect to any payment made by or on account of any obligation
of any Loan Party under any Loan Document.


“Indemnitee” has the
meaning assigned to such term in Section 9.03(b).


“Information Memorandum”
means the lender presentation delivered to the Lenders prior to the Closing Date relating to the Lead Borrower and its subsidiaries
and the Transactions in connection with the initial syndication of the Initial Revolving Credit Commitments hereunder.


“Initial
Term Loan Facility” means the 2021 Term Facility.


“Initial Revolving Credit Commitments”
means the Revolving Credit Commitments made available by the Revolving Lenders to the Lead Borrower on the Closing Date pursuant
to Section 2.01(a)(ii).


“Initial
Term Commitment” means the 2021 Term Commitment. 



    	 	-38-	 



     


    




“Initial
Term Loan Maturity Date” means the date that is seven years after the First Amendment Effective Date.


“Initial
Term Loans” means the 2021 Term Loans.


“Intercreditor Agreement”
means any Pari First Lien Intercreditor Agreement, any Permitted Pari Passu Intercreditor Agreement, any First Lien/Second Lien
Intercreditor Agreement or any Permitted Junior Intercreditor Agreement.


“Interest Election Request”
means a request by the Lead Borrower in the form of Exhibit D or another form reasonably acceptable to the Administrative
Agent to convert or continue a Borrowing in accordance with Section 2.08.


“Interest Payment Date”
means (a) with respect to any ABR Loan or Alternative Currency Alternate Loan, the last Business Day of each March, June,
September and December (commencing on September 30, 2020) and the Revolving Credit Maturity Date or the maturity date applicable
to such Loan and (b) with respect to any LIBO Rate Loan or BA Rate Loan the last day of the Interest Period applicable to
the Borrowing of which such Loan is a part and, in the case of a LIBO Rate Borrowing or BA Rate Borrowing with an Interest Period
of more than three months’ duration, each day that would have been an Interest Payment Date had successive Interest Periods
of three months’ duration been applicable to such Borrowing.


“Interest Period” means
with respect to any Eurocurrency Rate Borrowing, the period commencing on the date of such Borrowing and ending on the numerically
corresponding day in the calendar month that is one, two, three or (other than with respect to BA Rate Loans) six months (or, if
agreed to by all relevant Lenders, twelve months or, if agreed to by the Administrative Agent, a shorter period) thereafter, as
the Lead Borrower may elect; provided that (i) if any Interest Period would end on a day other than a Business
Day, such Interest Period shall be extended to the next succeeding Business Day unless such next succeeding Business Day would
fall in the next calendar month, in which case such Interest Period shall end on the next preceding Business Day and (ii) any
Interest Period that commences on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding
day in the last calendar month of such Interest Period) shall end on the last Business Day of the last calendar month of such Interest
Period. For purposes hereof, the date of a Borrowing initially shall be the date on which such Borrowing is made and thereafter
shall be the effective date of the most recent conversion or continuation of such Borrowing.


“Interest Rate Determination Date”
means the date for calculating the interest rate for a Eurocurrency Rate Loan for an Interest Period, which date shall be (i) in
the case of any Eurocurrency Rate Loan in U.S. Dollars, the second Business Day prior to first day of the related Interest
Period for such Loan or (ii) in the case of any Eurocurrency Loan in an Alternative Currency, the date on which quotations
would ordinarily be given by prime banks in the relevant interbank market for deposits in such Alternative Currency for value on
the first day of the related Interest Period for such Eurocurrency Rate Loan but in any event not earlier than the second Business
Day prior to the first day of the related Interest Period; provided, however, that if for any such Interest
Period with respect to a Eurocurrency Rate Loan in an Alternative Currency other than Euros or Pounds Sterling, quotations would
ordinarily be given on more than one date, the Interest Rate Determination Date shall be the last of those dates.


“Investment” means (a) any
purchase or other acquisition by the Lead Borrower or any of its Restricted Subsidiaries of any of the Securities of any other
Person (other than any Loan Party), (b) the acquisition by purchase or otherwise (other than any purchase or other acquisition
of inventory, materials, supplies and/or equipment in the ordinary course of business) of all or a substantial portion of the business,
property or fixed assets of any other Person or any division or line of business or other business unit of any other Person and
(c) any loan, advance (other than any advance to any current or former employee, officer, director, member of management,
manager, consultant or independent contractor of the Lead Borrower, any Restricted Subsidiary or any Parent Company for moving,
entertainment and travel expenses, drawing accounts and similar expenditures in the ordinary course of business) or capital contribution
by the Lead Borrower or any of its Restricted Subsidiaries to any other Person. Subject to Section 5.10, the amount
of any Investment shall be the original cost of such Investment, plus the cost of all additions thereto, without any adjustments
for increases or decreases in value, or write­ups, write­downs 



    	 	-39-	 



     


    

 


or write-offs with respect thereto, but giving effect to any repayments
of principal in the case of any Investment in the form of a loan and any return of capital or return on Investment in the case
of any equity Investment (whether as a distribution, dividend, redemption or sale but not in excess of the amount of the relevant
initial Investment). For purposes of covenant compliance, the amount of any Investment shall be the amount actually invested (measured
at the time made), without adjustment for subsequent increases or decreases in the value of such Investment but, other than in
the case of Section 6.06(ee), giving effect to any returns or distributions of capital or repayment of principal actually
received in Cash by such Person with respect thereto (but only to the extent that the aggregate amount of all such returns, distributions
and repayments with respect to such Investment does not exceed the principal amount of such Investment and less any such amounts
which increase the Available Amount) and “Invested” shall have a corresponding meaning. Notwithstanding the
foregoing, Investment shall not include (x) inter-company loans or advances in respect of inter-company current liabilities
incurred in connection with the treasury and cash management (including receivables and payables), tax and accounting operations
of the Lead Borrower and its Restricted Subsidiaries in the ordinary course of business and (y) in the case of the Lead Borrower
or any Restricted Subsidiary, inter-company Indebtedness having a term not exceeding 364 days (inclusive of any roll-over
or extensions of terms) and made in the ordinary course of business and, if owed by a Loan Party, expressly subordinated to the
Secured Obligations.


“IP Rights” has the
meaning assigned to such term in Section 3.05(c).


“IRS” means the U.S. Internal
Revenue Service.


“Issuing Bank” means,
as the context may require, (a) (i) RBC in respect of the Letters of Credit that will be issued from time to time in accordance
with Section 2.05 and the Existing Letters of Credit issued by it and (ii) JPM in respect of the Letters of Credit that
will be issued from time to time in accordance with Section 2.05, (each such Issuing Bank specified in clause (a), a “Primary
Issuing Bank”), (b) BofA with respect of the Existing Letters of Credit issued by it only and (c) any other Revolving
Lender that, at the request of the Lead Borrower and with the consent of the Administrative Agent (not to be unreasonably withheld
or delayed), agrees to become an Issuing Bank; provided that no Issuing Bank will be required to issue Commercial Letters
of Credit. Each Issuing Bank may, in its discretion, arrange for one or more Letters of Credit to be issued by any Affiliate of
such Issuing Bank, in which case the term “Issuing Bank” shall include any such Affiliate with respect to Letters of
Credit issued by such Affiliate.


“JPM” has the meaning
assigned to such term in the preamble to this Agreement.


“Judgment Currency”
has the meaning assigned to such term in Section 9.20.


“Junior Indebtedness”
means any Subordinated Indebtedness (other than Indebtedness among Holdings and/or its subsidiaries).


“Junior Lien Indebtedness”
means any Indebtedness that is secured by a security interest on the Collateral (other than Indebtedness among Holdings and/or
its subsidiaries) that is expressly junior or subordinated to the Lien securing the Credit Facilities.


“Latest Maturity Date”
means, as of any date of determination, the latest maturity or expiration date applicable to any Loan or commitment hereunder at
such time, including the latest maturity or expiration date of any Initial
Term Loan, Additional Term Loan, Revolving Loan, Additional Revolving Loan, Revolving Credit Commitment or Additional
Commitment.


“Latest Revolving Loan Maturity
Date” means, as of any date of determination, the latest maturity or expiration date applicable to any revolving loan
or revolving credit commitment hereunder at such time, including the latest maturity or expiration date of any Revolving Loan,
any Additional Revolving Loan, the Revolving Credit Commitment or any Additional Revolving Commitment.


“LC Collateral Account”
has the meaning assigned to such term in Section 2.05(j).



    	 	-40-	 



     


    




“LC Disbursement” means,
at any time, a Dollar LC Disbursement and/or a Multicurrency LC Disbursement, as the context requires.


“LC Exposure” means,
with respect to a Revolving Lender, such Lender’s Dollar LC Exposure and/or Multicurrency LC Exposure, as the context requires.


“LC Obligations” means,
at any time, the sum of the Dollar LC Obligations and the Multicurrency LC Obligations.


“Lead Borrower” has
the meaning assigned to such term in the preamble to this Agreement.


“Legal Reservations”
means the application of relevant Debtor Relief Laws, general principles of equity and/or principles of good faith and fair dealing.


“Lenders” means the
Term Lenders, the Revolving Lenders, any Additional
Lender, any lender with an Additional Commitment or an outstanding Additional Loan, any other Person that becomes a party hereto
pursuant to an Assignment and Assumption, other than any such Person that ceases to be a party hereto pursuant to an Assignment
and Assumption and, as the context requires, any Ancillary Lender.


“Letter of Credit” means
any Dollar Letter of Credit and/or any Multicurrency Letter of Credit.


“Letter­of­Credit Right”
has the meaning set forth in Article 9 of the UCC.


“LIBO Rate” means, the
Published LIBO Rate, as adjusted to reflect applicable reserves prescribed by governmental authorities; provided that, (x)
with respect to the Revolving Facility, in no event shall the LIBO Rate be less than 0.75% and
(y) with respect to the Initial Term Loan Facility, in no event shall the LIBO Rate be less than 0.50%.


“Lien” means any mortgage,
pledge, hypothecation, assignment, deposit arrangement, encumbrance, lien (statutory or other), charge, or preference, priority
or other security interest or preferential arrangement of any kind or nature whatsoever (including any conditional sale or other
title retention agreement, any easement, right of way or other encumbrance on title to real property, and any Capital Lease having
substantially the same economic effect as any of the foregoing), in each case, in the nature of security; provided that
in no event shall an operating lease in and of itself be deemed to constitute a Lien.


“Limited Condition Acquisition”
means a Permitted Acquisition or any other Investment permitted hereunder that constitutes an acquisition (other than inter-company
Investments) by the Lead Borrower or one or more of the Restricted Subsidiaries, the consummation of which is not conditioned on
the availability of, or on obtaining, third party financing.


“Loan Documents” means
this Agreement, the First Amendment, any Borrowing
Joinder Agreement, any Promissory Note, each Loan Guaranty, the Collateral Documents, each Ancillary Document, any Intercreditor
Agreement required to be entered into pursuant to the terms of this Agreement and any other document or instrument designated by
the Lead Borrower and the Administrative Agent as a “Loan Document”. Any reference in this Agreement or any other Loan
Document to a Loan Document shall include all appendices, exhibits or schedules thereto.


“Loan Guaranty” means
(a) the Guaranty Agreement, substantially in the form of Exhibit I, executed by each Loan Party party thereto
and the Administrative Agent for the benefit of the Secured Parties and (b) each other guaranty agreement executed by any
Person pursuant to Section 5.12 in substantially the form attached as Exhibit I or another form that is
otherwise reasonably satisfactory to the Administrative Agent and the Lead Borrower.



    	 	-41-	 



     


    




“Loan Parties” means
Holdings, the Lead Borrower, each Subsidiary Guarantor, and, with respect to any Ancillary Document, any applicable Affiliate Ancillary
Borrower(s) and in each case their respective successors and permitted assigns.


“Loans” means any Term
Loan, any Revolving Loan or any Additional Revolving Loan.


“Loan
Installment Date” has the meaning assigned to such term in Section 2.10(a).


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


“Material Adverse Effect”
means a material adverse effect on (i) the business, assets, financial condition or results of operations, in each case, of
Holdings, the Lead Borrower and its Restricted Subsidiaries, taken as a whole, (ii) the rights and remedies (taken as a whole)
of the Administrative Agent under the applicable Loan Documents or (iii) the ability of the Loan Parties (taken as a whole)
to perform their payment obligations under the applicable Loan Documents.


“Material Debt Instrument”
means any physical instrument evidencing any Indebtedness for borrowed money which is required to be pledged to the Administrative
Agent (or its bailee) pursuant to the Security Agreement.


“Material Real Estate Asset”
means any “fee­owned” Real Estate Asset acquired by any Loan Party after the Closing Date having a fair market value
(as reasonably determined by the Lead Borrower after taking into account any liabilities with respect thereto that impact such
fair market value) in excess of $30,000,000.


“Maturity Date” means
(a) with respect to the Revolving Facility, the Revolving Credit Maturity Date, (b) with
respect to the Initial Term Loans, the Initial Term Loan Maturity Date, (c) as to any Replacement Term
Loans or Replacement Revolving Facility incurred pursuant to Section 9.02(c), the final maturity date
for such Replacement Term Loans or Replacement Revolving
Facility, as the case may be, as set forth in the applicable Refinancing Amendment; (cd) with
respect to any Incremental Term Loans,
the final maturity date set forth in the applicable documentation with respect thereto, (e) with respect to any
Incremental Revolving Facility, the final maturity date set forth in the applicable documentation with respect thereto and (df) with
respect to any Extended Revolving Credit Commitment or Extended Term
Loans, the final maturity date set forth in the applicable Extension Offer accepted by the respective Lender or
Lenders.


“Maximum Rate” has the
meaning assigned to such term in Section 9.19.


“Minimum Extension Condition”
has the meaning assigned to such term in Section 2.23(b).


“Moody’s” means
Moody’s Investors Service, Inc.


“Mortgage Policies”
has the meaning assigned to such term in the definition of “Collateral and Guarantee Requirement”.


“Mortgages” means any
mortgage, deed of trust or other agreement which conveys or evidences a Lien in favor of the Administrative Agent, for the benefit
of the Administrative Agent and the relevant Secured Parties, on any Material Real Estate Asset constituting Collateral.


“Multi­account Overdraft”
means an Ancillary Facility which is an overdraft facility comprising more than one account.


“Multicurrency LC Disbursement”
means a payment or disbursement made by an Issuing Bank pursuant to a Multicurrency Letter of Credit.


“Multicurrency LC Exposure”
means, at any time, the sum of (a) (x) the aggregate and unexpired undrawn amount of all outstanding Multicurrency Letters
of Credit denominated in U.S. Dollars at such 



    	 	-42-	 



     


    

 


time plus (y) the Dollar Equivalent of the aggregate undrawn and
unexpired amount of all outstanding Multicurrency Letters of Credit denominated in Alternative Currencies at such time and (b)
(x) the aggregate principal amount of all Multicurrency LC Disbursements denominated in U.S. Dollars that have not yet
been reimbursed at such time plus (y) the Dollar Equivalent of the aggregate principal amount of all Multicurrency
LC Disbursements denominated in Alternative Currencies that have not yet been reimbursed at such time. The Multicurrency LC Exposure
of any Revolving Lender at any time shall equal its Multicurrency Revolving Applicable Percentage of the aggregate Multicurrency
LC Exposure at such time. For all purposes of this Agreement, (x) if on any date of determination a Multicurrency Letter of Credit
has expired by its terms but any amount may still be drawn thereunder by reason of the operation of Rule 3.14 of the International
Standby Practices (ISP98), such Multicurrency Letter of Credit shall be deemed to be “outstanding” in the amount so
remaining available to be drawn and (y) unless otherwise specified herein, the amount of a Multicurrency Letter of Credit at any
time shall be deemed to be the stated amount of such Multicurrency Letter of Credit in effect at such time (taking the Dollar Equivalent
thereof in the case of any Multicurrency Letter of Credit denominated in an Alternate Currency); provided  that with respect
to any Multicurrency Letter of Credit that, by its terms or the terms of any document related thereto, provides for one or more
automatic increases in the stated amount thereof, the amount of such Multicurrency Letter of Credit shall be deemed to be the maximum
stated amount of such Multicurrency Letter of Credit after giving effect to all such increases (taking the Dollar Equivalent thereof
in the case of any Multicurrency Letter of Credit denominated in an Alternate Currency), whether or not such maximum stated amount
is in effect at such time.


“Multicurrency LC Obligations”
means, at any time, the sum of (a) (x) the amount available to be drawn under Multicurrency Letters of Credit denominated
in U.S. Dollars then outstanding plus (y) the Dollar Equivalent of the amount available to be drawn under Multicurrency
Letters of Credit denominated in Alternative Currencies then outstanding, in each case assuming compliance with all requirements
for drawings referenced therein, plus (b) (x) the aggregate principal amount of all unreimbursed Multicurrency LC Disbursements
denominated in U.S. Dollars plus (y) the Dollar Equivalent of the aggregate principal amount of all unreimbursed
Multicurrency LC Disbursements denominated in Alternative Currencies.


“Multicurrency Letter of Credit”
means any Standby Letter of Credit or Commercial Letter of Credit denominated in U.S. Dollars or an Alternative Currency issued
(or in the case of any Existing Multicurrency Letter of Credit, deemed to be issued) pursuant to this Agreement under the Multicurrency
Revolving Facility.


“Multicurrency Letter of Credit
Sublimit” means the Dollar Equivalent of $15 million. For the avoidance of doubt, Existing Multicurrency Letters
of Credit shall be counted towards the Multicurrency Letter of Credit Sublimit.


“Multicurrency Revolving Applicable
Percentage” means, with respect to any Multicurrency Revolving Lender for any Class, the percentage of the Total Multicurrency
Revolving Credit Commitment for such Class represented by such Lender’s Multicurrency Revolving Credit Commitment for such
Class; provided that for purposes of Section 2.21 and otherwise herein, when there is a Defaulting Lender,
any such Defaulting Lender’s Multicurrency Revolving Credit Commitment shall be disregarded in the relevant calculations.
In the event the Multicurrency Revolving Credit Commitments for any Class shall have expired or been terminated, the Multicurrency
Revolving Applicable Percentages of any Multicurrency Revolving Lender of such Class shall be determined on the basis of the Multicurrency
Revolving Credit Exposure of the applicable Multicurrency Revolving Lenders of such Class, giving effect to any assignments and
to any Multicurrency Revolving Lender’s status as a Defaulting Lender at the time of determination.


“Multicurrency Revolving Credit
Commitment” means, with respect to each Lender, the commitment of such Lender to make Multicurrency Revolving Loans (and
acquire participations in Multicurrency Letters of Credit) hereunder as set forth on the Commitment Schedule, or in the Assignment
and Assumption pursuant to which such Lender assumed its Multicurrency Revolving Credit Commitment, as applicable, as the same
may be (a) reduced from time to time pursuant to Section 2.09, Section 2.11, Section 2.19
or Section 9.02(c), (b) reduced or increased from time to time pursuant to assignments by or to such Lender
pursuant to Section 9.05, (c) increased as part of an Incremental Revolving Facility or (d) other than for
purposes of determining the Required Lenders or the Required Revolving
Lenders, if such Lender is an Ancillary Lender, decreased by the amount of 



    	 	-43-	 



     


    

 


such Lender’s Ancillary Commitment
(and increased to the extent such Ancillary Commitment is subsequently reduced, cancelled or terminated).


“Multicurrency Revolving Credit
Exposure” means, with respect to any Lender at any time, (w) the aggregate Outstanding Amount at such time of all
Multicurrency Revolving Loans of such Lender denominated in U.S. Dollars plus (x) the aggregate Outstanding Amount
at such time of the Dollar Equivalent of all Multicurrency Revolving Loans of such Lender denominated in Alternative Currencies,
plus (y) the aggregate amount at such time of such Lender’s Multicurrency LC Exposure, plus (z) (i) the
aggregate amount at such time of such Lender’s Ancillary Outstandings incurred pursuant to an Ancillary Facility denominated
in U.S. Dollars and (ii) the Dollar Equivalent of the aggregate amount at such time of such Lender’s Ancillary
Outstandings incurred pursuant to an Ancillary Facility denominated in an Alternative Currency.


“Multicurrency Revolving Credit
Maturity Date” means the date that is five years after the Closing Date.


“Multicurrency Revolving Facility”
means, at any time, the aggregate amount of the Multicurrency Revolving Lenders’ Multicurrency Revolving Credit Commitments
at such time, which may be funded (A) in U.S. dollars and (B) in alternative currencies including (x) Euros,
Canadian Dollars and Pounds Sterling and (y) other LIBO Rate­based and non­LIBO Rate­based currencies approved by the Administrative
Agent and the Multicurrency Revolving Lenders that agree to make Multicurrency Revolving Loans in such currency in accordance with
Section 1.08 (with the interest rate calculations in respect of such currencies to be defined in a manner mutually
satisfactory to the Lead Borrower and the Administrative Agent), in the case of (y) subject to currency sublimits to be agreed
(collectively, the “Alternative Currencies”).


“Multicurrency Revolving Lender”
means a Lender with a Multicurrency Revolving Credit Commitment or an Additional Revolving Commitment or an outstanding Multicurrency
Revolving Loan or Additional Revolving Loan.


“Multicurrency Revolving Loans”
means the revolving Loans made by the Lenders to the Lead Borrower under the Multicurrency Revolving Facility pursuant to Section 2.01(a)(ii),
2.22, 2.23 or 9.02(c)(ii).


“Multicurrency Revolving Outstandings”
means, in relation to any Multicurrency Revolving Lender, the aggregate Dollar Equivalent of its participation in the Total Multicurrency
Revolving Credit Outstandings (together with the aggregate amount of all accrued interest, fees and commission owed to it as a
Lender under the Multicurrency Revolving Facility and, if it is also an Ancillary Lender, under any relevant Ancillary Facility).


“Multiemployer Plan”
means any employee benefit plan which is a “multiemployer plan” as defined in Section 3(37) or 4001(a)(3) of ERISA,
that is subject to the provisions of Title IV of ERISA, and in respect of which the Lead Borrower or any of its Restricted
Subsidiaries, or any of their respective ERISA Affiliates, makes or is obligated to make contributions or with respect to which
any of them has any obligation or liability, contingent or otherwise.


“Narrative Report” means,
with respect to the financial statements with respect to which it is delivered, a management discussion and narrative report describing
the operations of the Lead Borrower and its Restricted Subsidiaries for the applicable Fiscal Quarter or Fiscal Year and for the
period from the beginning of the then­current Fiscal Year to the end of the period to which the relevant financial statements relate.


“Net Income” means,
with respect to any specified Person, the net income (loss) of such Person, determined in accordance with GAAP and before
any reduction in respect of preferred stock dividends, excluding, however:


(1) any gain or loss, together with
any related provision for taxes on such gain or loss, realized in connection with: (a) any sale of assets outside the ordinary
course of business of such Person; or (b) the disposition of any securities by such Person or any of its 



    	 	-44-	 



     


    

 


Restricted Subsidiaries
or the extinguishment of any Indebtedness of such Person or any of its Restricted Subsidiaries; and


(2) any extraordinary gain or loss,
together with any related provision for taxes on such extraordinary gain or loss.


“Net Outstandings” means,
in relation to a Multi­account Overdraft, the Ancillary Outstandings of that Multi­account Overdraft.


“Net Proceeds” means
(a) with respect to any Disposition (including any Prepayment
Asset Sale), the Cash proceeds (including Cash Equivalents and Cash proceeds subsequently received (as and when received) in respect
of non­Cash consideration initially received), net of (i) selling costs and out­of­pocket expenses (including reasonable broker’s
fees or commissions, legal fees, transfer and similar Taxes and the Lead Borrower’s good faith estimate of income Taxes paid
or payable (including pursuant to Tax sharing arrangements or any Tax distributions) in connection with such Disposition), (ii) amounts
provided as a reserve in accordance with GAAP against any liabilities under any indemnification obligation or purchase price adjustment
associated with such Disposition (provided that to the extent and at the time any such amounts are released from such reserve,
such amounts shall constitute Net Proceeds), (iii) the principal amount, premium or penalty, if any, interest and other amounts
on any Indebtedness (other than the Loans, and any other Indebtedness secured by a Lien that is pari passu with or expressly
subordinated to the Lien on the Collateral securing the Secured Obligations) which is secured by the asset sold in such Disposition
and which is required to be repaid or otherwise comes due or would be in default and is repaid (other than any such Indebtedness
that is assumed by the purchaser of such asset) and (iv) Cash escrows (until released from escrow to the relevant Loan Party)
from the sale price for such Disposition; and (b) with respect to any issuance or incurrence of Indebtedness
or Capital Stock, the Cash proceeds thereof, net of all Taxes and customary fees, commissions, costs, underwriting discounts and
other fees and expenses incurred in connection therewith.


“Non­U.S. Borrower”
means any Borrower that is not incorporated or organized under the laws of the U.S., any state thereof or the District of Columbia.


“Non­U.S. Facility”
means (i) any Incremental Facility and/or (ii) any facility incurred pursuant to a Refinancing, in each case to the extent
incurred by a Non­U.S. Borrower.


“Non­U.S. Obligations”
means the Obligations of a Non­U.S. Borrower.


“Non­U.S. Sanctions Laws and
Regulations” means any economic or financial sanctions or requirements imposed by the United Nations, the European Union,
the Federal Republic of Germany or the United Kingdom that apply to Holdings, the Borrowers or any of their respective Restricted
Subsidiaries.


“Notice of Intent to Cure”
has the meaning assigned to such term in Section 6.15(b).


“Notices of Grant of Security
Interest in Intellectual Property” means the notices of grant of security interest substantially in the form attached
as Exhibit II to the Security Agreement or such other form as shall be reasonably acceptable to the Administrative Agent.


“Obligations” means
all unpaid principal of and accrued and unpaid interest (including interest accruing during the pendency of any bankruptcy, insolvency,
receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding) on the Loans, all LC Exposures
or amounts or liabilities arising under or in respect of any Ancillary Facility, all accrued and unpaid fees and all expenses,
reimbursements, indemnities and all other advances to, debts, liabilities and obligations of the Loan Parties to the Lenders or
to any Lender, Ancillary Lender, the Administrative Agent, any Issuing Bank or any indemnified party arising under the Loan Documents
in respect of any Loan, any Letter of Credit or any Ancillary Facility, whether direct or indirect (including those acquired by
assumption), absolute, contingent, due or to become due, now existing or hereafter arising.



    	 	-45-	 



     


    




“OFAC” has the meaning
assigned to such term in Section 3.17(a).


“Organizational Documents”
means (a) with respect to any corporation, its certificate or articles of incorporation or organization and its by-laws, (b) with
respect to any limited partnership, its certificate of limited partnership and its partnership agreement, (c) with respect
to any general partnership, its partnership agreement, (d) with respect to any limited liability company, its articles of
organization or certificate of formation, and its operating agreement, and (e) with respect to any other form of entity, such
other organizational documents required by local law or customary under such jurisdiction to document the formation and governance
principles of such type of entity. In the event that any term or condition of this Agreement or any other Loan Document requires
any Organizational Document to be certified by a secretary of state or similar governmental official, the reference to any such
“Organizational Document” shall only be to a document of a type customarily certified by such governmental official.


“Other
Applicable Indebtedness” has the meaning assigned to such term in Section 2.11(b)(ii).


“Other Non­U.S. Revolving
Borrowers” has the meaning assigned to such term in the definition of “Revolving Facility Borrowers”.


“Other Connection Taxes”
means, with respect to any Lender or Administrative Agent, Taxes imposed as a result of a present or former connection between
such recipient and the jurisdiction imposing such Tax (other than connections arising solely from such recipient having executed,
delivered, become a party to, performed its obligations under, received payments under, received or perfected a security interest
under, or engaged in any other transaction pursuant to or enforced any Loan Document, or sold or assigned an interest in any Loan
or Loan Document).


“Other Taxes” means
any and all present or future stamp, court or documentary taxes or any intangible, recording, filing or other excise or property
taxes, charges or similar levies arising from any payment made hereunder or from the execution, delivery or enforcement of, or
otherwise with respect to, this Agreement, but not including, for the avoidance of doubt, any Excluded Taxes.


“Outstanding Amount”
means (a) with respect to Term Loans and Revolving
Loans on any date, the amount of the aggregate outstanding principal amount thereof after giving effect to any borrowings and prepayments
or repayments of Term Loans and Revolving Loans (including
any refinancings of (i) unreimbursed LC Disbursements and/or (ii) Ancillary Outstandings as a Revolving Borrowing), as
the case may be, occurring on such date, (b) with respect to any Letters of Credit, the aggregate amount available to be drawn
under such Letters of Credit after giving effect to any changes in the aggregate amount available to be drawn under such Letters
of Credit or the issuance or expiry of any Letters of Credit, including as a result of any LC Disbursements and (c) with respect
to any LC Disbursements on any date, the amount of the aggregate outstanding amount of such LC Disbursements on such date after
giving effect to any disbursements with respect to any Letter of Credit occurring on such date and any other changes in the aggregate
amount of the LC Disbursements as of such date, including as a result of any reimbursements by the Borrowers of unreimbursed LC
Disbursements.


“Overnight Rate” means,
for any day, (a) with respect to any amount denominated in U.S. Dollars, the greater of (i) the Federal Funds Effective
Rate and (ii) an overnight rate determined by the Administrative Agent or the applicable Issuing Bank, as the case may be,
in accordance with banking industry rules on interbank compensation, and (b) with respect to any amount denominated in an
Alternative Currency, the rate of interest per annum at which overnight deposits in the applicable Alternative Currency, in an
amount approximately equal to the amount with respect to which such rate is being determined, would be offered for such day by
a branch or Affiliate of RBC in the applicable offshore interbank market for such currency to major banks in such interbank market.


“Parent Company” means
(a) Holdings and (b) any other Person of which the Lead Borrower is an indirect Wholly-Owned Subsidiary.



    	 	-46-	 



     


    




“Pari First Lien Intercreditor
Agreement” means an intercreditor agreement substantially in the form of Exhibit N hereto, or such other
customary form reasonably acceptable to the Administrative Agent and the Lead Borrower, as such document may be amended, restated,
supplemented or otherwise modified from time to time, and, in the case of any Borrower and/or Subsidiary Guarantor organized outside
of the United States, such intercreditor agreement shall reflect then customary market terms for non-domestic Borrowers that are
reasonably satisfactory to the Lead Borrower and the Administrative Agent.


“Participant” has the
meaning assigned to such term in Section 9.05(c).


“Participant Register”
has the meaning assigned to such term in Section 9.05(c).


“Party” means a party
to this Agreement or, as applicable, any other Loan Document.


“Patent” means the following:
(a) any and all patents and patent applications; (b) all inventions described and claimed therein; (c) all
reissues, divisions, continuations, renewals, extensions and continuations in part thereof; (d) all income, royalties,
damages, claims, and payments now or hereafter due or payable under and with respect thereto, including, without limitation, damages
and payments for past and future infringements thereof; (e) all rights to sue for past, present, and future infringements
thereof; and (f) all rights corresponding to any of the foregoing.


“PBGC” means the Pension
Benefit Guaranty Corporation.


“Pension Plan” means
any “employee pension benefit plan”, as defined in Section 3(2) of ERISA (other than a Multiemployer Plan), that
is subject to the provisions of Title IV of ERISA or Section 412 of the Code or Section 302 of ERISA, which the
Lead Borrower or any of its Restricted Subsidiaries, or any of their respective ERISA Affiliates, maintains or contributes to or
has an obligation to contribute to, or otherwise has any liability, contingent or otherwise.


“Perfection Certificate”
means a certificate substantially in the form of Exhibit E.


“Perfection Certificate Supplement”
means a supplement to the Perfection Certificate substantially in the form of Exhibit F.


“Perfection Requirements”
means the filing of appropriate financing statements with the office of the Secretary of State or other appropriate office of the
state of organization of each Loan Party, the filing of appropriate assignments or notices with the U.S. Patent and Trademark
Office and the U.S. Copyright Office, the proper recording or filing, as applicable, of Mortgages and fixture filings with
respect to any Material Real Estate Asset constituting Collateral, in each case in favor of the Administrative Agent for the benefit
of the Secured Parties and the delivery to the Administrative Agent of any stock certificate or promissory note required to be
delivered pursuant to the applicable Loan Documents, together with instruments of transfer executed in blank.


“Permitted Acquisition”
means any acquisition by the Lead Borrower or any of its Restricted Subsidiaries, whether by purchase, merger or otherwise, of
all or substantially all of the assets of, or any business line, unit or division of, any Person or of a majority of the outstanding
Capital Stock of any Person (but in any event including any Investment in (x) any Restricted Subsidiary which serves to increase
the Lead Borrower’s or any Restricted Subsidiary’s respective equity ownership in such Restricted Subsidiary or (y) any
joint venture for the purpose of increasing the Lead Borrower’s or its relevant Restricted Subsidiary’s ownership interest
in such joint venture); provided that: (a) no Default or Event of Default exists or would result after giving
pro forma effect to such acquisition (or, solely in the case of a Limited Condition Acquisition, no Default or event of Default
under Section 7.01(a), (f) or (g) exists or would result after giving pro forma effect to such
acquisition); and (b) the Total Net Leverage Ratio would not exceed 6.00:1.00 calculated on a Pro Forma Basis as
of the most recently ended Test Period.


“Permitted Junior Intercreditor
Agreement” means, with respect to any Liens on Collateral that are intended to be junior to any Liens securing the Initial
Term Loans and Initial Revolving Credit 



    	 	-47-	 



     


    

 


Commitments
(and other Obligations that are pari passu with the Initial Term
Loans and the Initial Revolving Credit Commitments), either (as the Lead Borrower shall elect) (x) any First
Lien/Second Lien Intercreditor Agreement if such Liens secure “Second-Priority Obligations” (as defined therein), (y) another
intercreditor agreement not materially less favorable to the Lenders vis-à-vis such junior Liens than the First Lien/Second
Lien Intercreditor Agreement (as determined by the Lead Borrower in good faith) or (z) another intercreditor agreement the
terms of which are consistent with market terms governing security arrangements for the sharing of liens on a junior basis at the
time such intercreditor agreement is proposed to be established in light of the type of Indebtedness to be secured by such liens,
as determined by the Administrative Agent and the Lead Borrower in the exercise of their reasonable commercial judgment.


“Permitted Liens” means
Liens permitted pursuant to Section 6.02.


“Permitted Pari Passu Intercreditor
Agreement” means, with respect to any Liens on Collateral that are intended to be pari passu with the Liens securing
the Initial Term Loans and Initial Revolving Credit
Commitments (and other Obligations that are pari passu with the Initial Term
Loans and Initial Revolving Credit Commitments), either (as the Lead Borrower shall elect) (x) the Pari First
Lien Intercreditor Agreement, (y) another intercreditor agreement not materially less favorable to the Lenders vis-à-vis
such pari passu Liens than any Pari First Lien Intercreditor Agreement (as determined by the Lead Borrower in good faith)
or (z) another intercreditor agreement the terms of which are consistent with market terms governing security arrangements
for the sharing of liens on a pari passu basis at the time such intercreditor agreement is proposed to be established in
light of the type of Indebtedness to be secured by such liens, as determined by the Administrative Agent and the Lead Borrower
in the exercise of their reasonable commercial judgment.


“Permitted Receivables Financing”
means receivables securitizations or other receivables financings (including any factoring, early pay and/or customer initiated
supply chain financing program) that are non-recourse to the Lead Borrower and the Restricted Subsidiaries (except for (w) recourse
to any Foreign Subsidiaries that own the assets underlying such financing (or have sold such assets in connection with such financing),
(x) any customary limited recourse or, to the extent applicable only to non-Loan Parties, that is customary in the relevant
local market, (y) any performance undertaking or Guarantee, to the extent applicable only to non-Loan Parties, that is customary
in the relevant local market, and (z) an unsecured parent Guarantee by Holdings, the Lead Borrower or a Restricted Subsidiary
that is a parent company of a Foreign Subsidiary of obligations of Foreign Subsidiaries, and, in each case, reasonable extensions
thereof); provided that, with respect to Permitted Receivables Financings incurred in the form of a factoring program,
the outstanding amount of such Permitted Receivables Financing for the purposes of this definition shall be deemed to be equal
to the Permitted Receivables Net Investment for the last Test Period.


“Permitted Receivables Net Investment”
means the aggregate Cash amount paid by the purchasers under any Permitted Receivables Financing in the form of a factoring program
in connection with their purchase of accounts receivable and customary related assets or interests therein, as the same may be
reduced from time to time by collections with respect to such accounts receivable and related assets or otherwise in accordance
with the terms of such Permitted Receivables Financing (but excluding any such collections used to make payments of commissions,
discounts, yield and other fees and charges incurred in connection with any Permitted Receivables Financing in the form of a factoring
program which are payable to any Person other than Holdings, a Borrower or a Restricted Subsidiary).


“Permitted Reorganization”
has the meaning assigned to such term in Section 6.06(b).


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


“Pounds Sterling” or
“£” means the lawful currency of the United
Kingdom.


“Pre­Approved Borrower”
has the meaning assigned to such term in the definition of “Revolving Facility Borrowers”.



    	 	-48-	 



     


    




“Prepayment
Asset Sale” means any Disposition by any Loan Party made pursuant to Section 6.07(h).


“Primary Issuing Bank”
has the meaning assigned to such term in the definition of “Issuing Bank”.


“Primary Obligor” has
the meaning assigned to such term in the definition of “Guarantee”.


“Prime Rate” means (a)
the rate of interest per annum determined by RBC from time to time as its prime commercial lending rate for United States Dollar
loans in the United States for such day (such rate is not necessarily the lowest rate that Royal Bank of Canada is charging any
corporate customer) or (b) if the Administrative Agent has no “prime rate”, the rate of interest last quoted by
The Wall Street Journal as the “Prime Rate” in the U.S. or, if The Wall Street Journal ceases to
quote such rate, the highest per annum interest rate published by the Federal Reserve Board in Federal Reserve Statistical Release
H.15 (519) (Selected Interest Rates) as the “bank prime loan” rate or, if such rate is no longer quoted therein, any
similar rate quoted therein (as reasonably determined by the Administrative Agent) or any similar release by the Federal Reserve
Board (as reasonably determined by the Administrative Agent).


“Prior Transaction Costs”
means fees and expenses payable or otherwise borne by the Lead Borrower and its Restricted Subsidiaries in connection with the
Prior Transactions and incurred before the Closing Date, including the costs of legal and financial advisors to the Lead Borrower.


“Prior Transactions”
means, collectively, (a) the execution, delivery and performance by the Lead Borrower and the other parties thereto of the
new term loan commitment agreement no. 2 among Holdings, the Lead Borrower, the lenders party thereto and Deutsche Bank AG New
York Branch, as agent, pursuant to which the Lead Borrower incurred term loans in an aggregate principal amount equal to €150 million
and the making of the borrowings thereunder on December 19, 2014, (b) the issuance of the Lead Borrower’s 6.125%
Senior Notes due 2024, (c) the issuance of the Lead Borrower’s 5.750% Senior Notes due 2025, (d) the
issuance by Spectrum Brands Holdings, Inc. of its registered equity offering closed on May 20, 2015 and (e) the consummation
of the acquisition of (i) Tell Manufacturing, Inc., (ii) Proctor and Gamble’s European pet food business, (iii) Salix
Animal Health, LLC and (iv) Armored AutoGroup Parent Inc.


“Pro Forma Basis” or
“pro forma effect” means, as to any calculation of any test, financial ratio or covenant, including the Total
Leverage Ratio, Total Net Leverage Ratio, the First Lien Net Leverage Ratio, the Secured Net Leverage Ratio, the Fixed Charge Coverage
Ratio, any other financial ratio, Consolidated Adjusted EBITDA or Consolidated Total Assets (including component definitions thereof),
in the event that the specified Person or any of its Subsidiaries incurs, assumes, guarantees, repays, retires, extinguishes, repurchases
or redeems any Indebtedness or issues, repurchases or redeems Disqualified Capital Stock subsequent to the commencement of the
period for which any of the Total Leverage Ratio, Total Net Leverage Ratio, the First Lien Net Leverage Ratio, the Secured Net
Leverage Ratio, the Fixed Charge Coverage Ratio, any other financial ratio, Consolidated Adjusted EBITDA or Consolidated Total
Assets is being calculated and on or prior to the date on which the event for which the relevant calculation is made (the “Calculation
Date”), then the Total Leverage Ratio, the First Lien Net Leverage Ratio, the Secured Net Leverage Ratio, the Fixed Charge
Coverage Ratio, any other financial ratio, Consolidated Adjusted EBITDA or Consolidated Total Assets, as applicable, shall be calculated
giving pro forma effect to such incurrence, assumption, guarantee, repayment, retirement, extinguishment, repurchase or redemption
of Indebtedness, or such issuance, repurchase or redemption of Disqualified Capital Stock, and the use of the proceeds therefrom
as if the same had occurred at the beginning of the applicable four-quarter reference period.


In addition, for purposes of calculating
the Total Leverage Ratio, Total Net Leverage Ratio, the First Lien Net Leverage Ratio, the Secured Net Leverage Ratio, the Fixed
Charge Coverage Ratio, any other financial ratio, Consolidated Adjusted EBITDA or Consolidated Total Assets:


(a)       Investments
or acquisitions and dispositions of business entities or property and assets constituting a division or line of business of any
Person that have been made by the specified Person or any of its Restricted Subsidiaries, including through mergers or consolidations
and including any related financing transactions, during the four-quarter reference period or 



    	 	-49-	 



     


    

 


subsequent to such reference period
and on or prior to the Calculation Date shall be given pro forma effect as if they had occurred on the first day of the four-quarter
reference period and Consolidated Adjusted EBITDA for such reference period shall be calculated on a pro forma basis, but without
giving effect to clause (3) of the proviso set forth in the definition of Consolidated Net Income;


(b)       the
Consolidated Adjusted EBITDA attributable to discontinued operations, as determined in accordance with GAAP, shall be excluded;


(c)       the
Fixed Charges attributable to discontinued operations, as determined in accordance with GAAP, shall be excluded, but only to the
extent that the obligations giving rise to such Fixed Charges will not be obligations of the specified Person or any of its Subsidiaries
following the Calculation Date; and


(d)       consolidated
interest expense attributable to interest on any Indebtedness (whether existing or being incurred) computed on a pro forma basis
and bearing a floating interest rate shall be computed as if the rate in effect on the Calculation Date (taking into account any
interest rate option, swap, cap or similar agreement applicable to such Indebtedness if such agreement has a remaining term in
excess of 12 months or, if shorter, at least equal to the remaining term of such Indebtedness) had been the applicable
rate for the entire period.


Pro forma calculations made pursuant to
the definition of the term “Pro Forma Basis” shall be determined in good faith by a Responsible Officer of the Lead
Borrower and, to the extent applicable, in compliance with Section 1.11. Any such pro forma calculation may include
adjustments appropriate, in the reasonable good faith determination of the Lead Borrower as set forth in an Officer’s Certificate,
to reflect operating expense reductions and other operating improvements or synergies reasonably expected to result from the applicable
event.


In the case of any calculation for any
event described above that occurs prior to the date on which financial statements have been (or are required to be) delivered for
the Fiscal Quarter ended June 30, 2020, any such calculation required to be made on a “Pro Forma Basis” shall
use the financial statements delivered pursuant to Section 4.01(c)(ii) for the Fiscal Quarter ended March 29,
2020.


Notwithstanding anything to the contrary
set forth in this definition, for the avoidance of doubt, when calculating the Total Leverage Ratio for purposes of the definitions
of “Applicable Rate” and “Commitment Fee Rate” and Total Net Leverage Ratio for purposes of Section 6.15(a)
(other than for the purpose of determining pro forma compliance with Section 6.15(a) as a condition to taking any action
under this Agreement), the events described in the immediately preceding paragraphs that occurred subsequent to the end of the
applicable four-quarter reference period or Test Period, as applicable, shall not be given pro forma effect.


“Projections” means
the projections of the Lead Borrower and its subsidiaries included in the Information Memorandum (or a supplement thereto).


“Promissory Note” means
a promissory note of the Lead Borrower payable to any Lender or its registered assigns, in substantially the form of Exhibit G,
evidencing the aggregate outstanding principal amount of Loans of the Lead Borrower to such Lender resulting from the Loans made
by such Lender.


“PTE” shall mean a prohibited
transaction class exemption issued by the U.S. Department of Labor, as any such exemption may be amended from time to time.


“Public Company Costs”
means, as to any Person, costs associated with, or in anticipation of, or preparation for, compliance with the requirements of
the Sarbanes­Oxley Act of 2002 and the rules and regulations promulgated in connection therewith and costs relating to compliance
with the provisions of the Securities Act and the Exchange Act, as applicable to companies with equity or debt securities held
by the public, the rules of national securities exchange companies with listed equity, directors’, managers’ and/or
employees’ compensation, fees and expense reimbursement, costs relating to investor relations, shareholder meetings and reports
to shareholders or 



    	 	-50-	 



     


    

 


debtholders, directors’ and officers’ insurance and other executive costs, legal and other professional
fees, and listing fees and other costs and/or expenses associated with being a public company.


“Published LIBO Rate”
means, with respect to any Interest Period when used in reference to any Loan or Borrowing in U.S. Dollars or an Alternative
Currency (other than Canadian Dollars), (a) the rate of interest (rounded upwards, if necessary, to the nearest 1/100th)
equal to the rate determined by Administrative Agent to be the offered rate that appears on the appropriate page of the Reuters
screen that displays the ICE Benchmark Administration Limited rate for deposits in U.S. Dollars or the applicable Alternative
Currency (other than Canadian Dollars) (for delivery on the first day of such Interest Period) with a term equivalent to such Interest
Period (or the successor thereto if ICE Benchmark Administration Limited is no longer making the applicable interest settlement
rate available) (the “Published LIBO Screen Rate”) for a term comparable to such Interest Period, at approximately 11:00
a.m. (London time) on the applicable Interest Rate Determination Date; provided that if the Published LIBO Screen Rate
shall be less than zero, such rate shall be deemed to be zero for the purposes of this Agreement; provided, further,
that if more than one rate is specified on such page, the rate will be an arithmetic average of all such rates) and (b) if
such rate is not available at such time for any reason, then the “Published LIBO Screen Rate” for such Interest Period
shall be the interest rate per annum reasonably determined by the Administrative Agent in good faith to be the rate per annum at
which deposits in U.S. Dollars or the applicable Alternative Currency for delivery on the first day of such Interest Period
in immediately available funds in the approximate amount of the Eurocurrency Rate Loan being made, continued or converted by the
Administrative Agent and with a term equivalent to such Interest Period would be offered to the Administrative Agent (or an affiliate
thereof) by major banks in the London or other offshore interbank market for U.S. Dollars or the applicable Alternative Currency
at their request at approximately 11:00 a.m. (London time) on the applicable Interest Rate Determination Date.


“QFC” shall have the
meaning assigned to the term “qualified financial contract” in, and shall be interpreted in accordance with, 12 U.S.C.
5390(c)(8)(D).


“QFC Credit Support”
shall have the meaning provided in Section 9.25.


“Qualified Capital Stock”
of any Person means any Capital Stock of such Person that is not Disqualified Capital Stock.


“Qualifying
Bid” has the meaning assigned to such term in the definition of “Dutch Auction”.


“RBC” means Royal Bank
of Canada.


“Real Estate Asset”
means, at any time of determination, all right, title and interest (fee, leasehold or otherwise) of any Loan Party in and to real
property (including, but not limited to, land, improvements and fixtures thereon).


“Receivables Subsidiary”
means a Wholly-Owned Subsidiary of the Lead Borrower, which engages in no activities other than in connection with Permitted Receivables
Financings and which is designated (as provided below) as a “Receivables Subsidiary”, (a) with which neither the
Lead Borrower nor any of its Subsidiaries has any contract, agreement, arrangement or understanding (other than pursuant to customary
market terms in the documentation relating to the Permitted Receivables Financing (including with respect to fees payable in the
ordinary course of business in connection with the servicing of accounts receivable and related assets)) on terms less favorable
to the Lead Borrower or such Subsidiary than those that might be obtained at the time from persons that are not Affiliates of the
Lead Borrower (as determined by the Company in good faith) and (b) to which neither the Lead Borrower nor any other Subsidiary
of the Lead Borrower has any obligation to maintain or preserve such entity’s financial condition or cause such entity to
achieve certain levels of operating results. Any such designation shall be evidenced to the Administrative Agent by filing with
the Administrative Agent an officer’s certificate of the Lead Borrower certifying that, to the best of such officer’s
knowledge and belief after consultation with counsel, such designation complied with the foregoing conditions.



    	 	-51-	 



     


    




“Refinancing” has the
meaning assigned to such term in Section 4.01(f).


“Refinancing Amendment”
means an amendment to this Agreement in form and substance reasonably satisfactory to the Administrative Agent and the Lead Borrower
executed by (a) Holdings and the Lead Borrower, (b) the Administrative Agent and (c) each Lender that agrees to provide all or
any portion of the Replacement Term Loans and/or the
Replaced Revolving Facility being incurred pursuant thereto and in accordance with Section 9.02(c).


“Refinancing Indebtedness”
has the meaning assigned to such term in Section 6.01(p).


“Refunding Capital Stock”
has the meaning assigned to such term in Section 6.04(a)(viii).


“Register” has the meaning
assigned to such term in Section 9.05(b)(iv).


“Regular Cash Dividend”
means a quarterly Cash dividend at the current rate of $0.42 per share (which is the amount publicly declared and in effect
as of the Closing Date) on the common Capital Stock of Super Holdco, commencing in the fiscal year beginning October 1, 2014.


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


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


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


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


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


“Related Funds” means
with respect to any Lender that is an Approved Fund, any other Approved Fund that is managed by the same investment advisor as
such Lender or by an Affiliate of such investment advisor.


“Related Parties” means,
with respect to any specified Person, such Person’s Affiliates and the respective officers, directors, employees, agents,
controlling persons and members of such Person and such Person’s Affiliates.


“Release” means any
release, spill, emission, leaking, pumping, pouring, injection, escaping, deposit, disposal, discharge, dispersal, dumping or leaching
of any Hazardous Material into the Environment (including the abandonment or disposal of any barrels, containers or other closed
receptacles containing any Hazardous Material).


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


“Replaced Revolving Facility”
has the meaning assigned to such term in Section 9.02(c).


“Replaced
Term Loans” has the meaning assigned to such term in Section 9.02(c).


“Replacement
Revolving Facility” has the meaning assigned
to such term in Section 9.02(c).



    	 	-52-	 



     


    




“Replacement
Term Loans” has the meaning assigned to such term in Section 9.02(c).


“Reply
Amount” has the meaning assigned to such term in the definition of “Dutch Auction”.


“Replacement
Revolving FacilityReply Price”
has the meaning assigned to such term in Section 9.02(c)the
definition of “Dutch Auction”.


“Representative” has
the meaning assigned to such term in Section 9.13.


“Repricing
Transaction” means each of (a) the prepayment, repayment, refinancing, substitution or replacement of the Initial Term Loans
with the proceeds of, or conversion of all or any portion of the Initial Term Loans into, any new or replacement tranche of long-term
secured term loans that are broadly syndicated to banks and other institutional investors in financings consistent with the Initial
Term Loans having an effective interest cost or weighted average yield (with the comparative determinations to be made in a manner
consistent with generally accepted financial practices) that is less than the effective interest cost or weighted average yield
(calculated on a four-year or lesser life to maturity) (as determined on the same basis) applicable to the Initial Term Loans so
prepaid, repaid, refinanced, substituted or replaced and (b)  any amendment, waiver or other modification to this Agreement
that would have the effect of reducing the effective interest cost of, or weighted average yield on the same basis as set forth
in the preceding clause (a) of, the Initial Term Loans (it being understood, in each case, that (x) any prepayment premium with
respect to a Repricing Transaction pursuant to Section 2.12(f) shall apply to any required assignment by a non-consenting Lender
in connection with any such amendment pursuant to Section 2.19(b) and (y) the effective interest cost or weighted average yield
shall exclude any structuring, ticking, amendment, agency, commitment, consent and arranger fees or similar fees unless such similar
fees are paid by the Lead Borrower to all Lenders generally in the primary syndication of the new or replacement tranche of term
loans); provided that, in each case of clauses (a) and (b), the primary purpose of such prepayment, repayment, refinancing,
substitution, replacement, amendment, waiver or other modification was to reduce the effective interest cost or weighted average
yield of the Initial Term Loans; provided, further that in no event shall any such prepayment, repayment, refinancing,
substitution, replacement, amendment, waiver or other modification in connection with a Change of Control, material Disposition
or Permitted Acquisition or similar Investment constitute a Repricing Transaction. 


“Required
ECF Payment” has the meaning assigned to such term in Section 2.11(b)(i).


“Required Lenders” means,
as of any date of determination, Lenders having more than 50% of the sum of the Dollar Equivalent of (a) Total Outstandings
(with the Dollar Equivalent of each Lender’s risk participation and funded participation in LC Obligations being deemed “held”
by such Lender for purposes of this definition) and,
(b) aggregate unused Term Commitments and (c)
aggregate Unused Revolving Credit Commitments; provided that the unused
Term Commitments of, Unused Revolving Credit Commitments of, and the portion of the Total Outstandings held or deemed
held by any Defaulting Lender shall be excluded for purposes of making a determination of Required Lenders.


“Required
Revolving Lenders” means, as of any date of determination, Revolving Lenders holding more than 50% of the Dollar Equivalent
of (a) the Revolving Credit Commitments at such time and (b) after the termination of the Revolving Credit Commitments,
the Total Revolving Credit Outstandings at such time; provided that the Revolving Credit Commitments of, and the portion
of the Total Revolving Credit Outstandings held or deemed held by, any Defaulting Lender shall be excluded for purposes of making
a determination of Required Revolving Lenders.


“Requirements of Law”
means, with respect to any Person, collectively, the common law and all federal, state, local, foreign, multinational or international
laws, statutes, codes, treaties, standards, rules and regulations, guidelines, ordinances, orders, judgments, writs, injunctions,
decrees (including administrative or judicial precedents or authorities) and the interpretation or administration thereof by, and
other determinations, directives, requirements or requests of any Governmental Authority, in each case whether or not having the
force of 



    	 	-53-	 



     


    

 


law and that are applicable to or binding upon such Person or any of its property or to which such Person or any of its
property is subject.


“Resolution
Authority” means an EEA Resolution Authority or, with respect to any UK Financial Institution, a UK Resolution Authority.


“Responsible Officer”
of any Person means the chief executive officer, the president, the chief financial officer, the treasurer, any assistant treasurer,
any executive vice president, any senior vice president, any vice president or the chief operating officer of such Person and any
other individual or similar official thereof responsible for the administration of the obligations of such Person in respect of
this Agreement, and, as to any document delivered on the Closing Date, shall include any secretary or assistant secretary or any
other individual or similar official thereof with substantially equivalent responsibilities of a Loan Party. Any document delivered
hereunder that is signed by a Responsible Officer of any Loan Party shall be conclusively presumed to have been authorized by all
necessary corporate, partnership and/or other action on the part of such Loan Party, and such Responsible Officer shall be conclusively
presumed to have acted on behalf of such Loan Party.


“Responsible Officer Certification”
means, with respect to the financial statements for which such certification is required, the certification of a Responsible Officer
of the Lead Borrower that such financial statements fairly present, in all material respects, in accordance with GAAP, the consolidated
financial condition of the Lead Borrower as at the dates indicated and its consolidated income and cash flows for the periods indicated,
subject to changes resulting from audit and normal year-end adjustments.


“Restricted
Amount” has the meaning set forth in Section 2.11(b)(iv).


“Restricted Debt” has
the meaning set forth in Section 6.04(b).


“Restricted Debt Payment”
has the meaning set forth in Section 6.04(b).


“Restricted Payment”
means (a) any dividend or other distribution on account of any shares of any class of the Capital Stock of the Lead Borrower,
except a dividend payable solely in shares of Qualified Capital Stock to the holders of such class; (b) any redemption,
retirement, sinking fund or similar payment, purchase or other acquisition for value of any shares of any class of the Capital
Stock of the Lead Borrower and (c) any payment made to retire, or to obtain the surrender of, any outstanding warrants, options
or other rights to acquire shares of any class of the Capital Stock of the Lead Borrower now or hereafter outstanding.


“Restricted Subsidiary”
means, as to any Person, any subsidiary of such Person that is not an Unrestricted Subsidiary. Unless otherwise specified, “Restricted
Subsidiary” means any Restricted Subsidiary of the Lead Borrower.


“Return
Bid” has the meaning assigned to such term in the definition of “Dutch Auction”.


“Revolving Credit Commitment”
means, with respect to each Lender, such Lender’s Dollar Revolving Credit Commitment and/or Multicurrency Revolving Credit
Commitment.


“Revolving Credit Exposure”
means, with respect to any Lender at any time, such Lender’s Dollar Revolving Credit Exposure and/or Multicurrency Revolving
Credit Exposure.


“Revolving Credit Maturity Date”
means the date that is five years after the Closing Date.


“Revolving Facility”
means the Dollar Revolving Facility and the Multicurrency Revolving Facility.


“Revolving Facility Borrowers”
means on the Closing Date, the Lead Borrower and after the Closing Date, in addition to the Lead Borrower subject to execution
and delivery of a Borrower Joinder Agreement and the delivery of customary corporate (and, if appropriate, shareholder) resolutions,
officer certificates (and, if 



    	 	-54-	 



     


    

 


appropriate, solvency certificates) and legal opinions addressed to the Administrative Agent and
the other Secured Parties of counsel for the Loan Parties (or, if applicable, in the relevant jurisdictions, counsel for the Secured
Parties) reasonably acceptable to the Administrative Agent as to such matters as the Administrative Agent may reasonably request
and such other instruments and documents as the Administrative Agent may reasonably request in connection with such Borrower Joinder
Agreement, (1) subject to the Administrative Agent’s and the Revolving Lenders’ satisfactory receipt of documentation
or other information as required by regulatory authorities under applicable “know your customer” rules and regulations,
a subsidiary of the Lead Borrower organized and domiciled in Germany (the “German Borrower”), (2) Spectrum
Brands Canada, Inc., a Canadian corporation (the “Canadian Borrower”), (3) subject to the Administrative
Agent’s and the Revolving Lenders’ satisfactory receipt of documentation or other information as required by regulatory
authorities under applicable “know your customer” rules and regulations, a subsidiary of the Lead Borrower organized
and domiciled in England (the “U.K. Borrower” and collectively with the German Borrower and the Canadian Borrower,
the “Pre­Approved Borrowers”) and (4) subject to the consent of the Administrative Agent, each Revolving
Lender and each Issuing Bank that is requested to make available all or a part of the Revolving Credit Commitments thereto, and
subject to the Administrative Agent’s receipt of documentation or other information as required by regulatory authorities
under applicable “know your customer” rules and regulations, one or more additional subsidiaries of the Lead Borrower
organized in one or more different jurisdictions to be determined and as designated by the Lead Borrower as a “Borrower”
hereunder, in each case, after such additional Borrower has executed and delivered to the Administrative Agent a Borrower Joinder
Agreement and the delivery of customary corporate (and, if appropriate, shareholder) resolutions, officer certificates (and, if
appropriate, solvency certificates) and legal opinions addressed to the Administrative Agent and the other Secured Parties of counsel
for the Loan Parties (or, if applicable, in the relevant jurisdictions, counsel for the Secured parties) reasonably acceptable
to the Administrative Agent as to such matters as the Administrative Agent may reasonably request and such other instruments and
documents as the Administrative Agent may reasonably request in connection with such Borrower Joinder Agreement (collectively,
“Other Non­U.S. Revolving Borrowers”).


“Revolving Lender” means
a Lender with a Revolving Credit Commitment or an Additional Revolving Commitment or, after the termination of all Revolving Credit
Commitments and Additional Revolving Commitments, with an outstanding Revolving Loan or Additional Revolving Loan.


“Revolving Loans” means
Dollar Revolving Loans and/or Multicurrency Revolving Loans.


“S&P” means S&P
Global Ratings, or any successor thereto.


“Sanctions Laws and Regulations”
means (i) any sanctions or requirements imposed by, or based upon the obligations or authorities set forth in, the PATRIOT
Act, the Executive Order No. 13224 of September 23, 2001, entitled Blocking Property and Prohibiting Transactions With Persons
Who Commit, Threaten to Commit, or Support Terrorism (66 Fed. Reg. 49079 (2001)), the U.S. International Emergency Economic
Powers Act (50 U.S.C. §§ 1701 et seq.), the U.S. Trading
with the Enemy Act (50 U.S.C. App. §§ 1 et seq.), the
U.S. Syria Accountability and Lebanese Sovereignty Act, the U.S. Comprehensive Iran Sanctions, Accountability, and Divestment
Act of 2010 or the Iran Sanctions Act, Section 1245 of the National Defense Authorization Act of 2012, all as amended,
or any of the foreign assets control regulations (including but not limited to 31 C.F.R., Subtitle B, Chapter V,
as amended) or any other law or executive order relating thereto administered by the U.S. Department of the Treasury Office
of Foreign Assets Control, and any similar law, regulation, or executive order enacted in the United States after the date of this
Agreement, (ii) any Canadian Anti­Terrorism Laws and (iii) any Non­U.S. Sanctions Laws and Regulations.


“SEC” means the Securities
and Exchange Commission, or any Governmental Authority succeeding to any or all of its functions.


“Secured Hedging Obligations”
means all Hedging Obligations (other than any Excluded Swap Obligations) under each Hedge Agreement that (a) is in effect
on the Closing Date between any Loan Party and a counterparty that is the Administrative Agent, a Lender, an Arranger or any Affiliate
of the Administrative Agent, a Lender or an Arranger as of the Closing Date or (b) is entered into after the Closing Date
between any Loan Party and any counterparty that is (or is an Affiliate of) the Administrative Agent, any Lender or any Arranger
at the time such Hedge Agreement is entered into unless the Lead Borrower or the applicable counterparty thereto informs the 



    	 	-55-	 



     


    

 


Administrative
Agent in writing that such Hedge Agreement has been excluded from the Secured Hedging Obligations for purposes of the Loan Documents,
it being understood that each counterparty to any Secured Hedging Obligation shall be deemed (A) to appoint the Administrative
Agent as its agent under the applicable Loan Documents and (B) to agree to be bound by the provisions of Article 8,
Section 9.03 and Section 9.10 as if it were a Lender.


“Secured Obligations”
means all Obligations, together with (a) all Banking Services Obligations, (b) all Secured Hedging Obligations and (c) all
Ancillary Obligations.


“Secured Net Leverage Ratio”
means the ratio, as of any date of determination, of (a) Consolidated Secured Debt as of such date (net of (i) unrestricted
Cash and Cash Equivalents and (ii) Cash and Cash Equivalents restricted in favor of the Credit Facilities (which may also
include Cash and Cash Equivalents securing other Indebtedness secured by a Lien on the Collateral)) to (b) Consolidated Adjusted
EBITDA for the Test Period then most recently ended or the Test Period otherwise specified where the term “Secured Net Leverage
Ratio” is used in this Agreement, in each case for the Lead Borrower and its Restricted Subsidiaries on a consolidated basis.


“Secured Parties” means
(i) the Lenders, (ii) the Ancillary Lenders, (iii) the Administrative Agent, (iv) the Collateral Agent, (v) each
counterparty to a Hedge Agreement with a Loan Party the obligations under which constitute Secured Hedging Obligations, (vi) each
provider of Banking Services to any Loan Party the obligations under which constitute Banking Services Obligations, (vii) the
Arrangers and (viii) the beneficiaries of each indemnification obligation undertaken by any Loan Party under any Loan Document.


“Securities” means any
stock, shares, partnership interests, voting trust certificates, certificates of interest or participation in any profit­sharing
agreement or arrangement, options, warrants, bonds, debentures, notes, or other evidences of indebtedness, secured or unsecured,
convertible, subordinated or otherwise, or in general any instruments commonly known as “securities” or any certificates
of interest, shares or participations in temporary or interim certificates for the purchase or acquisition of, or any right to
subscribe to, purchase or acquire, any of the foregoing; provided that “Securities” shall not include any
earn-out agreement or obligation or any employee bonus or other incentive compensation plan or agreement.


“Securities Act” means
the Securities Act of 1933 and the rules and regulations of the SEC promulgated thereunder.


“Security Agreement”
means the Security Agreement, substantially in the form of Exhibit J, among the Loan Parties and the Administrative
Agent for the benefit of the Secured Parties.


“SOFR”
with respect to any day means the secured overnight financing rate published for such day by the Federal Reserve Bank of New York,
as the administrator of the benchmark, (or a successor administrator) on the Federal Reserve Bank of New York’s Website.


“SPC” has the meaning
assigned to such term in Section 9.05(e).


“specified transaction”
has the meaning assigned to such term in Section 1.09(a).


“Standby Letter of Credit”
means any Letter of Credit other than any Commercial Letter of Credit.


“Stated Amount” means,
with respect to any Letter of Credit, at any time, the maximum amount available to be drawn thereunder, in each case determined
(x) as if any future automatic increases in the maximum available amount provided for in any such Letter of Credit had in
fact occurred at such time and (y) without regard to whether any conditions to drawing could then be met but after giving
effect to all previous drawings made thereunder.


“Subject
Proceeds” has the meaning assigned to such term in Section 2.11(b)(ii).



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“Subject Transactions”
has the meaning ascribed to such term in the definition of “Pro Forma Basis”.


“Subordinated Indebtedness”
means any Indebtedness of the Lead Borrower or any of its Restricted Subsidiaries that is expressly subordinated in right of payment
to the Obligations.


“Subsidiary” or “Subsidiaries”
or “subsidiary” means, with respect to any Person, any corporation, partnership, limited liability company,
association, joint venture or other business entity of which more than 50% of the total voting power of stock or other ownership
interests entitled (without regard to the occurrence of any contingency) to vote in the election of the Person or Persons (whether
directors, trustees or other Persons performing similar functions) having the power to direct or cause the direction of the management
and policies thereof is at the time owned or controlled, directly or indirectly, by such Person or one or more of the other subsidiaries
of such Person or a combination thereof; provided that in determining the percentage of ownership interests of any
Person controlled by another Person, no ownership interests in the nature of a “qualifying share” of the former Person
shall be deemed to be outstanding. Unless otherwise specified, “subsidiary” means any subsidiary of the Lead Borrower.


“Subsidiary Guarantor”
means (x) on the Closing Date, each subsidiary of the Lead Borrower (other than any subsidiary that is an Excluded Subsidiary
on the Closing Date) and (y) thereafter, each subsidiary of the Lead Borrower that guarantees the Secured Obligations pursuant
to the terms of this Agreement, in each case, until such time as the relevant subsidiary is released from its obligations under
the Loan Guaranty in accordance with the terms and provisions hereof.


“Successor Borrower”
has the meaning assigned to such term in Section 6.07(a).


“Super Holdco” means
Spectrum Brands Holdings, Inc., a Delaware corporation.


“Supported QFC” shall
have the meaning provided in Section 9.25.


“Swap Obligations” means,
with respect to any Loan Party, any obligation to pay or perform under any agreement, contract or transaction that constitutes
a “swap” within the meaning of Section 1a(47) of the Commodity Exchange Act.


“TARGET Day” means
any day on which the Trans­European Automated Real­time Gross Settlement Express Transfer (TARGET) payment system (or, if such payment
system ceases to be operative, such other payment system (if any) determined by the Administrative Agent to be a suitable replacement)
is open for the settlement of payments in Euros.


“Taxes” means any and
all present and future taxes, levies, imposts, duties, deductions, withholdings (including back-up withholding), assessments, fees
or other charges imposed by any Governmental Authority.


“Term
Borrower” means the Lead Borrower.


“Term
Commitments” means the Initial Term Commitments and/or any Additional Term Commitments, as the context requires.


“Term
Facility” means the Term Loans provided to or for the benefit of the Borrowers pursuant to the terms of this Agreement.


“Term
Lender” means a Lender with an Initial Term Commitment or an Additional Term Commitment, or an outstanding Initial Term Loan
or Additional Term Loan (including for the avoidance of doubt, the 2021 Term Lenders).


“Term
Loan” means the Initial Term Loans and, if applicable, any Additional Term Loans.



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“Term SOFR”
means the forward-looking term rate based on SOFR that has been selected or recommended by the Relevant Governmental Body.


“Termination Date” has
the meaning assigned to such term in the lead­in to Article 5.


“Test Period” means,
as of any date, the period of four consecutive Fiscal Quarters then most recently ended for which financial statements under Section 5.01(a)
or Section 5.01(b), as applicable, have been delivered (or are required to have been delivered); it being understood
and agreed that prior to the first delivery of financial statements of Section 5.01(a), “Test Period” means
the period of four consecutive Fiscal Quarters in respect of which financial statements were delivered pursuant to Section 4.01(c).


“Threshold Amount” means
$70,000,000.


“Total Dollar Revolving Credit
Commitment” means, at any time, the aggregate amount of the Dollar Revolving Credit Commitments, as in effect at such
time; provided, that such Total Dollar Revolving Credit Commitment shall, unless otherwise agreed among the Lead Borrower
and the Lenders providing such Incremental Revolving Facility, be increased by 80% of any upsizing of the Revolving Facility pursuant
to any Incremental Revolving Facility incurred after the Closing Date. The Total Dollar Revolving Credit Commitment as of the Closing
Date is $500,000,000.


“Total Multicurrency Revolving
Credit Commitment” means, at any time, the aggregate amount of the Multicurrency Revolving Credit Commitments, as in
effect at such time; provided, that such Total Multicurrency Revolving Credit Commitment shall, unless otherwise agreed
among the Lead Borrower and the Lenders providing such Incremental Revolving Facility, be increased by 20% of any upsizing of the
Revolving Facility pursuant to any Incremental Revolving Facility incurred after the Closing Date. The Total Multicurrency Revolving
Credit Commitment as of the Closing Date is $100,000,000.


“Total Leverage Ratio”
means the ratio, as of any date of determination, of (a) Consolidated Total Debt outstanding as of such date to (b) Consolidated
Adjusted EBITDA for the Test Period then most recently ended or the Test Period otherwise specified where the term “Total
Leverage Ratio” is used in this Agreement in each case for the Lead Borrower and its Restricted Subsidiaries.


“Total Net Leverage Ratio”
means the ratio, as of any date of determination, of (a) Consolidated Total Debt outstanding as of such date (net of (i) unrestricted
Cash and Cash Equivalents and (ii) Cash and Cash Equivalents restricted in favor of the Credit Facilities (which may also
include Cash and Cash Equivalents securing other Indebtedness secured by a Lien on the Collateral)) to (b) Consolidated Adjusted
EBITDA for the Test Period then most recently ended or the Test Period otherwise specified where the term “Total Net Leverage
Ratio” is used in this Agreement in each case for the Lead Borrower and its Restricted Subsidiaries.


“Total Outstandings”
means the aggregate Outstanding Amount of all Loans and all LC Obligations, and all Ancillary Outstandings.


“Total Multicurrency Revolving
Credit Outstandings” means the aggregate Outstanding Amount of all Multicurrency Revolving Loans and Multicurrency LC
Obligations, and all Ancillary Outstandings.


“Total Multicurrency Revolving
Outstandings” means the aggregate of all Multicurrency Revolving Outstandings.


“Total Revolving Credit Commitment”
means the Total Dollar Revolving Credit Commitment and the Total Multicurrency Revolving Credit Commitment. The Total Revolving
Credit Commitment as of the Closing Date is $600,000,000.


“Total Revolving Credit Outstandings”
means the aggregate Outstanding Amount of all Revolving Loans and LC Obligations, and all Ancillary Outstandings.



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“Trade Date” has the
meaning assigned to such term in Section 9.05(f)(i)


“Trademark” means the
following: (a) all trademarks (including service marks), common law marks, trade names, trade dress, and logos, slogans and
other indicia of origin under the laws of any jurisdiction in the world, and the registrations and applications for registration
thereof and the goodwill of the business symbolized by the foregoing; (b) all renewals of the foregoing; (c) all
income, royalties, damages, and payments now or hereafter due or payable with respect thereto, including, without limitation, damages,
claims, and payments for past and future infringements thereof; (d) all rights to sue for past, present, and future infringements
of the foregoing, including the right to settle suits involving claims and demands for royalties owing; and (e) all domestic
rights corresponding to any of the foregoing.


“Transaction Costs”
means fees, premiums, expenses and other transaction costs (including original issue discount or upfront fees) payable or otherwise
borne by the Lead Borrower and its subsidiaries in connection with the Transactions and the transactions contemplated thereby.


“Transactions” means,
collectively, (a) the execution, delivery and performance by the Loan Parties of the Loan Documents to which they are a party
and the Borrowing of Loans hereunder and (b) the payment of the Transaction Costs.


“Treasury Capital Stock”
has the meaning assigned to such term in Section 6.04(a)(viii).


“Treasury Regulations”
means the U.S. federal income tax regulations promulgated under the Code.


“Type”, when used in
reference to any Loan or Borrowing, refers to whether the rate of interest on such Loan, or on the Loans comprising such Borrowing,
is determined by reference to the LIBO Rate, the Alternate Base Rate, the Canadian Base Rate and the BA Rate.


“UCC” means the Uniform Commercial
Code as in effect from time to time in the State of New York or any other state the laws of which are required to be applied in
connection with the issue or perfection of security interests.


“U.K. Borrower” has
the meaning assigned to such term in the definition of “Revolving Facility Borrowers”.


“U.K. Financial
Institution” means any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended form time to time)
promulgated by the United Kingdom Prudential Regulation Authority) or any person falling within IFPRU 11.6 of the FCA Handbook
(as amended from time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes certain credit institutions
and investment firms, and certain affiliates of such credit institutions or investment firms.


“U.K. Resolution
Authority” means the Bank of England or any other public administrative authority having responsibility for the resolution
of any U.K. Financial Institution.


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


“Unfunded Advances/Participations”
means (a) with respect to the Administrative Agent, the aggregate amount, if any (i) made available to the Lead Borrower
on the assumption that each Lender has made available to the Administrative Agent such Lender’s share of the applicable Borrowing
available to the Administrative Agent as contemplated by Section 2.07(b) and/or Section 2.18(d) and (ii) with
respect to which a corresponding amount shall not in fact have been returned to the Administrative Agent by the Lead Borrower or
made available to the Administrative Agent by any such Lender and (b) with respect to any Issuing Bank, the aggregate amount,
if any, of LC Disbursements in respect of which a Revolving Lender shall have failed to make Revolving Loans to reimburse such
Issuing Bank pursuant to Section 2.05(e).



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“Unrestricted Subsidiary”
means any subsidiary of the Lead Borrower designated by the Lead Borrower as an Unrestricted Subsidiary on the Closing Date and
listed on Schedule 5.10 or after the Closing Date pursuant to Section 5.10.


“Unused Dollar Revolving Credit
Commitment” of any Lender, at any time, means the remainder of the Dollar Revolving Credit Commitment of such Lender
at such time, if any, less the sum of (a) the aggregate Outstanding Amount of Dollar Revolving Loans made by such Lender
and (b) such Lender’s Dollar LC Exposure at such time.


“Unused Multicurrency Revolving
Credit Commitment” of any Lender, at any time, means the remainder of the Multicurrency Revolving Credit Commitment of
such Lender at such time, if any, less the sum of (a) the aggregate Outstanding Amount of Multicurrency Revolving Loans
made by such Lender, (b) such Lender’s Multicurrency LC Exposure at such time and (c) the Dollar Equivalent of
all Ancillary Commitments denominated in an Alternative Currency of such Lender (or its Affiliates) at such time.


“Unused Revolving Credit Commitment”
of any Lender, at any time, means the Unused Dollar Revolving Credit Commitment and/or Unused Multicurrency Revolving Credit Commitment.


“U.S.” means the United
States of America.


“U.S. Credit Facilities”
means the Credit Facilities incurred by the Lead Borrower or any additional Borrower incorporated or organized under the laws of
the U.S., any state thereof or the District of Columbia.


“U.S. Dollars”
or “$” refers to lawful money of the U.S.


“U.S. Special Resolution Regimes”
shall have the meaning provided in Section 9.25.


“U.S. Tax Compliance Certificate”
has the meaning assigned to such term in Section 2.17(f).


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


“Weighted Average Life to Maturity”
means, when applied to any Indebtedness at any date, the number of years obtained by dividing: (a) the sum of the products
obtained by multiplying (i) the amount of each then remaining installment, sinking fund, serial maturity or other required
payments of principal, including payment at final maturity, in respect thereof, by (ii) the number of years (calculated to
the nearest one­twelfth) that will elapse between such date and the making of such payment; by (b) the then outstanding
principal amount of such Indebtedness.


“Wholly-Owned Subsidiary”
of any Person means a subsidiary of such Person, 100% of the Capital Stock of which (other than directors’ qualifying shares
or shares required by law to be owned by a resident of the relevant jurisdiction) shall be owned by such Person or by one or more
Wholly-Owned Subsidiaries of such Person.


“Write-Down and Conversion Powers”
means (a) with respect to any EEA Resolution Authority, the write-down and conversion powers of such EEA Resolution Authority from
time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down and conversion powers are described
in the EU Bail-In Legislation Schedule, and (b) with respect to the United Kingdom, any powers of the applicable Resolution Authority
under the Bail-In Legislation to cancel, reduce, modify or change the form of a liability of any UK Financial Institution or any
contract or instrument under which that liability arises, to convert all or part of that liability into shares, securities or obligations
of that person or any other person, to provide that any such contract or instrument is to have effect as if a right had been exercised
under it or to suspend any obligation in 



    	 	-60-	 



     


    

 


respect of that liability or any of the powers under that Bail-In Legislation that are
related to or ancillary to any of those powers.


Section 1.02     Classification of
Loans and Borrowings. For purposes of this Agreement, Loans may be classified and referred to by Class (e.g., a
“Revolving Loan”) or by Type (e.g., an “ABR Loan” or a “Eurocurrency Rate Loan”) or
by Class and Type (e.g., a “Eurocurrency Rate Revolving Loan”). Borrowings also may be classified and referred
to by Class (e.g., a “Revolving Borrowing”) or by Type (e.g., an “ABR Borrowing” or
a “Eurocurrency Rate Borrowing”) or by Class and Type (e.g., an “ABR Rate Revolving Borrowing” or
a “Eurocurrency Rate Revolving Borrowing”).


Section 1.03     Terms Generally.
The definitions of terms herein shall apply equally to the singular and plural forms of the terms defined. Whenever the context
may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words “include,”
“includes” and “including” shall be deemed to be followed by the phrase “without limitation.”
The word “will” shall be construed to have the same meaning and effect as the word “shall.” Unless the
context requires otherwise (a) any definition of or reference to any agreement, instrument or other document herein or in
any Loan Document shall be construed as referring to such agreement, instrument or other document as from time to time amended,
restated, amended and restated, supplemented or otherwise modified or extended, replaced or refinanced (subject to any restrictions
or qualifications on such amendments, restatements, amendment and restatements, supplements or modifications or extensions, replacements
or refinancings set forth herein), (b) any reference to any law in any Loan Document shall include all statutory and regulatory
provisions consolidating, amending, replacing, supplementing or interpreting such law, (c) any reference herein or in any
Loan Document to any Person shall be construed to include such Person’s successors and permitted assigns, (d) the words
“herein,” “hereof” and “hereunder,” and words of similar import, when used in any Loan Document,
shall be construed to refer to such Loan Document in its entirety and not to any particular provision hereof, (e) all references
herein or in any Loan Document to Articles, Sections, clauses, paragraphs, Exhibits and Schedules shall be construed to refer to
Articles, Sections, clauses and paragraphs of, and Exhibits and Schedules to, such Loan Document, (f) in the computation of
periods of time in any Loan Document from a specified date to a later specified date, the word “from” means “from
and including”, the words “to” and “until” mean “to but excluding” and the word “through”
means “to and including” and (g) the words “asset” and “property”, when used in any Loan
Document, shall be construed to have the same meaning and effect and to refer to any and all tangible and intangible assets and
properties, including Cash, securities, accounts and contract rights. For purposes of determining compliance at any time with Sections 6.01,
6.02, 6.04, 6.05, 6.06, 6.07 and 6.09, in the event that any Indebtedness, Lien,
Restricted Payment, Restricted Debt Payment, Investment, Disposition or Affiliate transaction, as applicable, meets the criteria
of more than one of the categories of transactions or items permitted pursuant to any clause of such Sections 6.01
(other than Sections 6.01(a), (c), (i), (q), (w) and (z)), 6.02 (other
than Sections 6.02(a) and (t)), 6.04, 6.05, 6.06, 6.07 and 6.09, the
Lead Borrower, in its sole discretion, may, from time to time, classify or reclassify such transaction or item (or portion
thereof) and will only be required to include the amount and type of such transaction (or portion thereof) in any one category.
It is understood and agreed that any Indebtedness, Lien, Restricted Payment, Restricted Debt Payment, Investment, Disposition and/or
Affiliate transaction need not be permitted solely by reference to one category of permitted Indebtedness, Lien, Restricted Payment,
Restricted Debt Payment, Investment, Disposition and/or Affiliate transaction under Sections 6.01, 6.02, 6.04,
6.05, 6.06, 6.07 or 6.09, respectively, but may instead be permitted in part under any combination
thereof.


Section 1.04     Accounting Terms;
GAAP.


(a)       All
financial statements to be delivered pursuant to this Agreement shall be prepared in accordance with GAAP as in effect from time
to time and, except as otherwise expressly provided herein, all terms of an accounting or financial nature that are used in calculating
the Total Leverage Ratio, Total Net Leverage Ratio, the First Lien Net Leverage Ratio, the Secured Net Leverage Ratio, the Fixed
Charge Coverage Ratio, Consolidated Adjusted EBITDA or Consolidated Total Assets shall be construed and interpreted in accordance
with GAAP, as in effect from time to time; provided that if the Lead Borrower notifies the Administrative Agent that
the Lead Borrower requests an amendment to any provision hereof to eliminate the effect of any change occurring after the date
of delivery of the financial statements described in Section 3.04(a) in GAAP or in the application thereof on the operation
of such provision (or if the Administrative Agent notifies the Lead Borrower that the Required Lenders request an amendment to
any provision hereof for such purpose), regardless of whether any such notice is given before or after such change in GAAP or in
the application thereof, then such provision shall be interpreted on the 



    	 	-61-	 



     


    

 


basis of GAAP as in effect and applied immediately before
such change becomes effective until such notice shall have been withdrawn or such provision amended in accordance herewith;
provided, further, that if such an amendment is requested by the Lead Borrower or the Required Lenders, then the
Lead Borrower and the Administrative Agent shall negotiate in good faith to enter into an amendment of the relevant affected provisions
(without the payment of any amendment or similar fee to the Lenders) to preserve the original intent thereof in light of such change
in GAAP or the application thereof; provided, further, that all terms of an accounting or financial nature used
herein shall be construed, and all computations of amounts and ratios referred to herein shall be made without giving effect to
(i) any election under Accounting Standards Codification 825-10-25 (previously referred to as Statement of Financial
Accounting Standards 159) (or any other Accounting Standards Codification or Financial Accounting Standard having a similar
result or effect) to value any Indebtedness or other liabilities of the Lead Borrower or any subsidiary at “fair value”,
as defined therein and (ii) any treatment of Indebtedness in respect of convertible debt instruments under Accounting Standards
Codification 470-20 (or any other Accounting Standards Codification or Financial Accounting Standard having a similar result
or effect) to value any such Indebtedness in a reduced or bifurcated manner as described therein, and such Indebtedness shall at
all times be valued at the full stated principal amount thereof.


(b)       Notwithstanding
anything to the contrary herein, but subject to Section 1.11, all financial ratios and tests (including the Total Leverage
Ratio, Total Net Leverage Ratio, the First Lien Net Leverage Ratio, the Secured Net Leverage Ratio, the Fixed Charge Coverage Ratio
and the amount of Consolidated Total Assets and Consolidated Adjusted EBITDA) contained in this Agreement that are calculated with
respect to any Test Period during which any Subject Transaction occurs shall be calculated with respect to such Test Period and
such Subject Transaction on a Pro Forma Basis. Further, if since the beginning of any such Test Period and on or prior to the date
of any required calculation of any financial ratio or test (x) any Subject Transaction has occurred or (y) any Person
that subsequently became a Restricted Subsidiary or was merged, amalgamated or consolidated with or into the Lead Borrower or any
of its Restricted Subsidiaries or any joint venture since the beginning of such Test Period has consummated any Subject Transaction,
then, in each case, any applicable financial ratio or test shall be calculated on a Pro Forma Basis for such Test Period as if
such Subject Transaction had occurred at the beginning of the applicable Test Period (it being understood, for the avoidance of
doubt, that solely for purposes of (x) calculating quarterly compliance with Section 6.15 and (y) calculating the Total
Leverage Ratio for purposes of the definitions of “Applicable Rate” and/or “Commitment Fee Rate”, in each
case, the date of the required calculation shall be the last day of the Test Period, and no Subject Transaction occurring thereafter
shall be taken into account).


(c)       Notwithstanding
anything to the contrary contained in paragraph (a) above or in the definition of “Capital Lease”, with
respect to the accounting change requiring all leases to be capitalized, only those leases that would have constituted Capital
Leases in conformity with GAAP prior to such change shall be considered Capital Leases, and all calculations and deliverables under
this Agreement or any other Loan Document shall be made or delivered, as applicable, in accordance therewith (provided that
together with all financial statements delivered to the Administrative Agent in accordance with the terms of this Agreement after
the date of any such accounting change, the Lead Borrower shall deliver a schedule showing the adjustments necessary to reconcile
such financial statements with GAAP as in effect immediately prior to such accounting change).


Section 1.05     Effectuation of Transactions.
Each of the representations and warranties contained in this Agreement (and all corresponding definitions) is made after giving
effect to the Transactions, unless the context otherwise requires.


Section 1.06     Timing of Payment
of Performance. When payment of any obligation or the performance of any covenant, duty or obligation is stated to be due or
required on a day which is not a Business Day, the date of such payment (other than as described in the definition of “Interest
Period”) or performance shall extend to the immediately succeeding Business Day, and, in the case of any payment accruing
interest, interest thereon shall be payable for the period of such extension.


Section 1.07     Times of Day.
Unless otherwise specified, all references herein to times of day shall be references to New York City time (daylight or standard,
as applicable).


Section 1.08     Additional Alternative
Currencies.



    	 	-62-	 



     


    




(a)       The
Lead Borrower may from time to time request that Revolving Loans constituting Eurocurrency Rate Loans be made and/or Letters of
Credit be issued in a currency other than those specifically listed in the definition of “Alternative Currencies”;
provided that such requested currency is a lawful currency (other than U.S. Dollars) that is readily available and
freely transferable and convertible into U.S. Dollars. In the case of any such request with respect to the making of Eurocurrency
Rate Loans, such request shall be subject to the approval of the Administrative Agent and each Lender that would be obligated to
make Credit Extensions denominated in such requested currency; and in the case of any such request with respect to the issuance
of Letters of Credit, such request shall be subject to the approval of the Administrative Agent and the Issuing Bank that has been
requested to issue such Letters of Credit.


(b)       Any
such request shall be made to the Administrative Agent not later than 11:00 a.m., 15 Business Days prior to the date
of the desired Credit Extension (or such other time or date as may be agreed by the Administrative Agent and, in the case of any
such request pertaining to Letters of Credit, the applicable Issuing Bank(s), in its or their sole discretion). In the case of
any such request pertaining to Eurocurrency Rate Loans, the Administrative Agent shall promptly notify each Lender thereof;
and in the case of any such request pertaining to Letters of Credit, the Administrative Agent shall promptly notify the applicable
Issuing Bank(s). Each Lender (in the case of any such request pertaining to Eurocurrency Rate Loans) or the applicable Issuing
Bank(s) (in the case of a request pertaining to Letters of Credit) shall notify the Administrative Agent, not later than 11:00
a.m., ten Business Days after receipt of such request whether it consents, in its sole discretion, to the making of Eurocurrency
Rate Loans or the issuance of Letters of Credit, as the case may be, in such requested currency.


(c)       Any
failure by a Lender or the applicable Issuing Bank(s), as the case may be, to respond to such request within the time period specified
in the preceding sentence shall be deemed to be a refusal by such Lender or the applicable Issuing Bank(s), as the case may be,
to permit Eurocurrency Rate Loans to be made or Letters of Credit to be issued in such requested currency. If the Administrative
Agent and all the Lenders that would be obligated to make Credit Extensions denominated in such requested currency consent to making
Eurocurrency Rate Loans in such requested currency, the Administrative Agent shall so notify the Lead Borrower and such currency
shall thereupon be deemed for all purposes to be an Alternative Currency hereunder for purposes of any Borrowings of Eurocurrency
Rate Loans; and if the Administrative Agent and the applicable Issuing Bank(s) consent to the issuance of Letters of Credit
in such requested currency, the Administrative Agent shall so notify the Lead Borrower and such currency shall thereupon be deemed
for all purposes to be an Alternative Currency hereunder for purposes of any Letter of Credit issuances. If the Administrative
Agent shall fail to obtain the requisite consent to any request for an additional currency under this Section 1.08,
the Administrative Agent shall promptly so notify the Lead Borrower.


Section 1.09     Currency Generally.


(a)       For
purposes of any determination under Article 5, Article 6 (other than Section 6.15(a) and the
calculation of compliance with any financial ratio for purposes of taking any action hereunder) or Article 7 with respect
to the amount of any Indebtedness, Lien, Restricted Payment, Restricted Debt Payment, Investment, Disposition, affiliate transaction
or other transaction, event or circumstance, or any determination under any other provision of this Agreement, (any of the foregoing,
a “specified transaction”), in a currency other than U.S. Dollars, (i) the U.S. Dollar equivalent
amount of a specified transaction in a currency other than U.S. Dollars shall be calculated based on the rate of exchange
quoted by the Bloomberg Foreign Exchange Rates & World Currencies Page (or any successor page thereto, or in the event such
rate does not appear on any Bloomberg Page, by reference to such other publicly available service for displaying exchange rates
as may be agreed upon by the Administrative Agent and the Lead Borrower) for such foreign currency, as in effect at 11:00
a.m. (London time) on the date of such specified transaction (which, in the case of any Restricted Payment, shall be deemed to
be the date of the declaration thereof and, in the case of the incurrence of Indebtedness, shall be deemed to be on the date first
committed); provided that if any Indebtedness is incurred (and, if applicable, associated Lien granted) to refinance
or replace other Indebtedness denominated in a currency other than U.S. Dollars, and the relevant refinancing or replacement
would cause the applicable U.S. Dollar­denominated restriction to be exceeded if calculated at the relevant currency exchange
rate in effect on the date of such refinancing or replacement, such U.S. Dollar­denominated restriction shall be deemed not
to have been exceeded so long as the principal amount of such refinancing or replacement Indebtedness (and, if applicable, associated
Lien granted) does not exceed an amount sufficient to repay the principal amount of such Indebtedness being refinanced or replaced,
except by an



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amount equal to (x) unpaid accrued interest and premiums (including tender premiums) thereon plus other
reasonable and customary fees and expenses (including upfront fees and original issue discount) incurred in connection with such
refinancing or replacement, (y) any existing commitments unutilized thereunder and (z) additional amounts permitted to
be incurred under Section 6.01 and (ii) for the avoidance of doubt, no Default or Event of Default shall be deemed
to have occurred solely as a result of a change in the rate of currency exchange occurring after the time of any specified transaction
so long as such specified transaction was permitted at the time incurred, made, acquired, committed, entered or declared as set
forth in clause (i). For purposes of Section 6.15(a) and the calculation of compliance with any financial
ratio for purposes of taking any action hereunder, on any relevant date of determination, amounts denominated in currencies other
than U.S. Dollars shall be translated into U.S. Dollars at the applicable currency exchange rate used in preparing the
financial statements delivered pursuant to Section 5.01(a) or (b), as applicable, for the relevant Test Period
and will, with respect to any Indebtedness, reflect the currency translation effects, determined in accordance with GAAP, of any
Hedge Agreement permitted hereunder in respect of currency exchange risks with respect to the applicable currency in effect on
the date of determination for the U.S. Dollar equivalent amount of such Indebtedness.


(b)       Each
provision of this Agreement shall be subject to such reasonable changes of construction as the Administrative Agent may from time
to time specify with the Lead Borrower’s consent to appropriately reflect a change in currency of any country and any relevant
market convention or practice relating to such change in currency.


Section 1.10     Cashless roll-overs.
Notwithstanding anything to the contrary contained in this Agreement or in any other Loan Document, to the extent that any Lender
extends the maturity date of, or replaces, renews or refinances, any of its then existing Loans with Incremental Loans, Replacement
Term Loans, Loans in connection with any Replacement Revolving Facility,
Extended Term Loans, Extended Revolving Loans or loans incurred under a new credit facility, in each case, to the
extent such extension, replacement, renewal or refinancing is effected by means of a “cashless roll” by such Lender,
such extension, replacement, renewal or refinancing shall be deemed to comply with any requirement hereunder or any other Loan
Document that such payment be made “in U.S. Dollars”, “in Alternative Currencies”, “in immediately
available funds”, “in Cash” or any other similar requirement. Notwithstanding anything to the contrary set forth
in this Agreement, any Lender may exchange, continue or roll-over all or a portion of its Loans in connection with any refinancing,
extension, loan modification or similar transaction permitted by the terms of this Agreement pursuant to a cashless settlement
mechanism approved by the Borrowers, the Administrative Agent and such Lender.


Section 1.11     Certain Calculations
and Tests.


(a)       Notwithstanding
anything to the contrary herein, to the extent that the terms of this Agreement require (i) compliance with any financial
ratio or test (including, without limitation, Section 6.15(a), any First Lien Net Leverage Ratio test, any Secured
Net Leverage Ratio test, any Total Leverage Ratio test, any Total Net Leverage Ratio test, any Fixed Charge Coverage Ratio test)
and/or the amount of Consolidated Adjusted EBITDA or Consolidated Total Assets or (ii) the absence of a Default or Event of
Default (or any type of Default or Event of Default) as a condition to (A) the making of any Restricted Payment and/or (B) the
making of any Restricted Debt Payment, the determination of whether the relevant condition is satisfied may be made, at the election
of the Lead Borrower, (1) in the case of any Restricted Payment, at the time of (or on the basis of the financial statements
for the most recently ended Test Period at the time of) (x) the declaration of such Restricted Payment or (y) the making
of such Restricted Payment and (2) in the case of any Restricted Debt Payment, at the time of (or on the basis of the financial
statements for the most recently ended Test Period at the time of) (x) delivery of irrevocable (which may be conditional)
notice with respect to such Restricted Debt Payment or (y) the making of such Restricted Debt Payment, in each case, after
giving effect to the relevant acquisition, Restricted Payment and/or Restricted Debt Payment on a Pro Forma Basis.


(b)       For
purposes of determining the permissibility of any action, change, transaction or event that requires a calculation of any financial
ratio or test (including, without limitation, Section 6.15(a), any First Lien Net Leverage Ratio test, any Secured
Net Leverage Ratio test, any Total Leverage Ratio test, any Total Net Leverage Ratio test and/or any Fixed Charge Coverage Ratio
test and/or the amount of Consolidated Adjusted EBITDA or Consolidated Total Assets), such financial ratio or test shall be calculated
at the time such action is taken (subject to clause (a) above), such change is made, such transaction is consummated
or such event occurs, as 



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the case may be, and no Default or Event of Default shall be deemed to have occurred solely as a result
of a change in such financial ratio or test occurring after the time such action is taken, such change is made, such transaction
is consummated or such event occurs, as the case may be.


(c)       Notwithstanding
anything to the contrary herein, with respect to any amounts incurred or transactions entered into (or consummated) in reliance
on a provision of this Agreement that does not require compliance with a financial ratio or test (including, without limitation,
Section 6.15(a), any First Lien Net Leverage Ratio test, any Secured Net Leverage Ratio test, any Total Leverage Ratio
test, any Total Net Leverage Ratio test and/or any Fixed Charge Coverage Ratio test) (any such amounts, the “Fixed Amounts”)
substantially concurrently with any amounts incurred or transactions entered into (or consummated) in reliance on a provision of
this Agreement that requires compliance with a financial ratio or test (including, without limitation, Section 6.15(a),
any First Lien Net Leverage Ratio test, any Secured Net Leverage Ratio test, any Total Leverage Ratio test, any Total Net Leverage
Ratio test and/or any Fixed Charge Coverage Ratio test) (any such amounts, the “Incurrence­Based Amounts”), it
is understood and agreed that the Fixed Amounts shall be disregarded in the calculation of the financial ratio or test applicable
to the Incurrence­Based Amounts.


Section 1.12     Rounding. Any
financial ratios required to be maintained by the Lead Borrower pursuant to this Agreement (or required to be satisfied in order
for a specific action to be permitted under this Agreement) shall be calculated by dividing the appropriate component by the other
component, carrying the result to one place more than the number of places by which such ratio is expressed herein and rounding
the result up or down to the nearest number (with a rounding-up for five).


Section 1.13     Available Amount Threshold.
If more than one action occurs on any given date the permissibility of the taking of which is determined hereunder by reference
to the amount of the Available Amount immediately prior to the taking of such action, the permissibility of the taking of each
such action shall be determined independently.


Section 1.14     Divisions. For
the avoidance of doubt, any reference herein or in any Loan Document to an assignment, sale, disposition or transfer, or similar
term, shall be deemed to apply to a division of or by a limited liability company or other entity, or an allocation of assets to
a series of a limited liability company or other entity (or the unwinding of such a division or allocation), as if it were an assignment,
sale or transfer, or similar term, as applicable, to a separate Person. Any division of a limited liability company or other entity
shall constitute a new separate Person hereunder (and each division of any limited liability company or other entity that is a
Subsidiary, Restricted Subsidiary, Unrestricted Subsidiary, joint venture or any other like term shall also constitute such a Person),
and such new Person shall be deemed to have been formed on the first date of its existence by the holders of its equity interests
at such time.


ARTICLE
2



THE CREDITS


Section 2.01     Commitments.


(a)       (i)
Subject to the terms and conditions set forth herein, (x) each Dollar Revolving
Lender severally, and not jointly, agrees to make Dollar Revolving Loans denominated in U.S. Dollars to the Revolving Facility
Borrowers in U.S. Dollars at any time and from time to time on and after the Closing Date, and until the earlier of the Dollar
Revolving Credit Maturity Date and the termination of the Dollar Revolving Credit Commitment of such Dollar Revolving Lender in
accordance with the terms hereof; provided that after giving effect to any Borrowing of Dollar Revolving Loans, the Outstanding
Amount of such Lender’s Dollar Revolving Credit Exposure shall not exceed such Lender’s Dollar Revolving Credit Commitment
and (y) each Multicurrency Revolving Lender severally, and not jointly, agrees to make Multicurrency Revolving Loans denominated
in U.S. Dollars or Alternative Currencies to the Revolving Facility Borrowers in U.S. Dollars or Alternative Currencies at any
time and from time to time on and after the Closing Date, and until the earlier of the Multicurrency Revolving Credit Maturity
Date and the termination of the Multicurrency Revolving Credit Commitment of such Multicurrency Revolving Lender in accordance
with the terms hereof; provided that after giving effect to any Borrowing of Multicurrency Revolving Loans, the Dollar Equivalent
of the Outstanding Amount of such Lender’s Multicurrency 



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Revolving Credit Exposure shall not exceed the Dollar Equivalent
of such Lender’s Multicurrency Revolving Credit Commitment and
(ii) subject to the terms and conditions set forth in the First Amendment, each 2021 Term Lender on the First Amendment Effective
Date severally, and not jointly, agrees to make 2021 Term Loans on the First Amendment Effective Date to the Lead Borrower in an
amount equal to the 2021 Term Commitment of each 2021 Term Lender. Within the foregoing limits and subject to the
terms, conditions and limitations set forth herein, the Revolving Facility Borrowers may borrow, pay or prepay and reborrow Revolving
Loans. Amounts paid or prepaid in respect of the Term Loans may not
be reborrowed. Subject to the terms of this Agreement and the Ancillary Documents, an Ancillary Lender may make
available an Ancillary Facility to any Revolving Facility Borrower in place of all or part of its Multicurrency Revolving Credit
Commitment.


(b)       [reserved].Subject
to the terms and conditions of this Agreement, each Lender and each Additional Lender with an Additional Term Commitment for a
given Class of Incremental Term Loans severally, and not jointly, agrees to make Incremental Term Loans to the Lead Borrower or
any Additional Term Borrower, which Incremental Term Loans shall not exceed for any such Lender or Additional Lender at the time
of any incurrence thereof, the Additional Term Commitment of such Lender or Additional Lender for such Class on the respective
Incremental Term Loan Borrowing Date. Amounts repaid or prepaid in respect of such Incremental Term Loans may not be reborrowed.


(c)       Subject
to the terms and conditions of this Agreement, each Lender and each Additional Lender with an Additional Revolving Commitment for
a given Class of Incremental Revolving Loans severally, and not jointly, agrees to make Incremental Revolving Loans to any Revolving
Facility Borrower at any time and from time to time on and after the initial incurrence thereof, and until the earlier of the maturity
thereof and the termination of the Additional Revolving Commitment of such in accordance with the terms hereof; provided
that after giving effect to any Borrowing of Incremental Revolving Loans, the Outstanding Amount of such Lender’s Revolving
Credit Exposure in respect of Additional Revolving Loans shall not exceed such Lender’s Additional Revolving Commitment in
respect of Additional Revolving Loans.


Section 2.02     Loans and Borrowings.


(a)       Each
Loan shall be made as part of a Borrowing consisting of Loans of the same Class and Type made by the Lenders ratably in accordance
with their respective Commitments of the applicable Class.


(b)       Subject
to Section 2.01 and Section 2.14, each Borrowing shall be comprised entirely of ABR Loans or Eurocurrency
Rate Loans as the Lead Borrower may request in accordance herewith or in the case of Revolving Loans in Alternative Currencies
(to the extent not provided for herein, with interest rate calculations in respect of such Alternative Currencies provided for
in a manner mutually satisfactory to the Lead Borrower and the Administrative Agent). Each Lender at its option may make any Eurocurrency
Rate Loan or Canadian Base Rate Loan by causing any domestic or foreign branch or Affiliate of such Lender to make such Loan;
provided that (i) any exercise of such option shall not affect the obligation of the Lead Borrower to repay such Loan
in accordance with the terms of this Agreement, (ii) such Eurocurrency Rate Loan or Canadian Base Rate Loan shall be deemed
to have been made and held by such Lender, and the obligation of the Lead Borrower to repay such Eurocurrency Rate Loan and Canadian
Base Rate Loan shall nevertheless be to such Lender for the account of such domestic or foreign branch or Affiliate of such Lender
and (iii) in exercising such option, such Lender shall use reasonable efforts to minimize increased costs to the Lead Borrower
resulting therefrom (which obligation of such Lender shall not require it to take, or refrain from taking, actions that it determines
would result in increased costs for which it will not be compensated hereunder or that it otherwise determines would be disadvantageous
to it and in the event of such request for costs for which compensation is provided under this Agreement, the provisions of Section 2.15
shall apply); provided, further that any such domestic or foreign branch or Affiliate of such Lender shall not be entitled
to any greater indemnification under Section 2.17 with respect to such Eurocurrency Rate Loan or Canadian Base Rate
Loan, as applicable than that to which the applicable Lender was entitled on the date on which such Loan was made (except in connection
with any indemnification entitlement arising as a result of a Change in Law after the date on which such Loan was made).


(c)       At
the commencement of each Interest Period for any Borrowing of Revolving Loans, such Borrowing shall comprise an aggregate principal
amount that is an integral multiple of the Dollar Equivalent of $100,000 and not less than Dollar Equivalent of $1,000,000;
provided that an ABR Revolving Borrowing may be 



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made in a lesser aggregate amount that is (x) equal to the entire aggregate
Unused Revolving Credit Commitments or (y) required to finance the reimbursement of an LC Disbursement as contemplated by
Section 2.05(e). Borrowings of more than one Type and Class may be outstanding at the same time; provided that
there shall not at any time be more than a total of 10 different Interest Periods in effect for Eurocurrency Rate Borrowings
at any time outstanding (or such greater number of different Interest Periods as the Administrative Agent may agree from time to
time).


(d)       Notwithstanding
any other provision of this Agreement, the Borrowers shall not, nor shall it be entitled to, request, or to elect to convert or
continue, any Borrowing if the Interest Period requested with respect thereto would end after the Maturity Date applicable to such
Loans or, in the case of an election to convert or continue any Borrowing, would not be in the same currency.


Section 2.03     Requests for Borrowings.
Each Term Borrowing, each Revolving Borrowing, each
conversion of Term Loans or Revolving Loans from one
Type to the other, and each continuation of Eurocurrency Rate Loans shall be made upon irrevocable notice by the applicable Borrower
to the Administrative Agent. Each such notice must be in writing or by telephone (and promptly confirmed in writing) and must be
received by the Administrative Agent (by hand delivery, fax or other electronic transmission (including “.pdf” or “.tif”))
(w) in the case of a Borrowing denominated in U.S. Dollars, (1) not later than 12:00 p.m. New York City time
three Business Days prior to the requested day of any Borrowing, conversion or continuation of Eurocurrency Rate Loans (or one
Business Day in the case of any Borrowing of Eurocurrency Rate Loans to be made on the Closing Date) or (2) not later than 11:00
a.m. New York City time on the requested date of any Borrowing of ABR Loans (or, in each case, such later time as shall be acceptable
to the Administrative Agent), (x) in the case of a Borrowing denominated in Canadian Dollars, (1) not later than 12:00
p.m. New York City time three Business Days prior to the requested day of any Borrowing, conversion or continuation of Eurocurrency
Rate Loans (or one Business Day in the case of any Borrowing of Eurocurrency Rate Loans to be made on the Closing Date) or (2) not
later than 10:00 a.m. New York City time one Business Day prior to the requested day of any Borrowing of ABR Loans (or, in
each case, such later time as shall be acceptable to the Administrative Agent and the Multicurrency Revolving Lenders), (y) in
the case of a Borrowing denominated in Euros or Pounds Sterling, not later than 11 a.m. London time, three Business Days prior
to the requested day of any Borrowing, conversion or continuation of Eurocurrency Rate Loans (or one Business Day in the case of
any Borrowing of such Eurocurrency Rate Loans to be made on the Closing Date) and (z) in the case of a Borrowing denominated
in an Alternative Currency other than Canadian Dollars, Euros or Pounds Sterling, not later than the Applicable Time (or one Business
Day in the case of any Borrowing of such Eurocurrency Rate Loans to be made on the Closing Date); provided, however,
that if the applicable Borrower wishes to request Eurocurrency Rate Loans having an Interest Period of other than one, two, three
or six months in duration as provided in the definition of “Interest Period,” (A) the applicable notice from the
applicable Borrower must be received by the Administrative Agent (x) with respect to Loans denominated in U.S. Dollars
or Canadian Dollars, not later than 12:00 p.m. New York City time, five Business Days prior to the requested date of
such Borrowing, conversion or continuation, (y) with respect to Loans denominated in Euros or Pounds Sterling, not later than 11
a.m. London time, five Business Days prior to the requested date of such Borrowing, conversion or continuation and (z) with
respect to Loans denominated in an Alternative Currency other than Canadian Dollars, Euros or Pounds Sterling, not later than the
Applicable Time, whereupon the Administrative Agent shall give prompt notice to the appropriate Lenders of such request and determine
whether the requested Interest Period is acceptable to them and (B) (x) with respect to Loans denominated in U.S. Dollars
or Canadian Dollars, not later than 10:00 a.m. New York City time four Business Days before the requested date of such Borrowing,
(y) with respect to Loans denominated in Euros or Pounds Sterling, not later than 10:00 a.m. London time four Business
Days before the requested date of such Borrowing conversion or continuation and (z) with respect to with respect to Loans
denominated in an Alternative Currency other than Canadian Dollars, Euros or Pounds Sterling, not later than the Applicable Time,
the Administrative Agent shall notify the applicable Borrower whether or not the requested Interest Period has been consented by
all the appropriate Lenders. Each written notice (or confirmation of telephonic notice) with respect to a Borrowing by the applicable
Borrower pursuant to this Section 2.03 shall be delivered to the Administrative Agent in the form of a written Borrowing
Request, appropriately completed and signed by a Responsible Officer of the applicable Borrower. Each such telephonic and written
Borrowing Request shall specify the following information in compliance with Section 2.02:


(a)       the
Class and currency of such Borrowing;



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(b)       the
aggregate amount of the requested Borrowing;


(c)       the
date of such Borrowing, which shall be a Business Day;


(d)       whether
such Borrowing is to be an ABR Borrowing or a Eurocurrency Rate Borrowing;


(e)       in
the case of a Eurocurrency Rate Borrowing, the initial Interest Period to be applicable thereto, which shall be a period contemplated
by the definition of the term “Interest Period”; and


(f)       the
location and number of the applicable Borrower’s account or any other designated account(s) to which funds are to be disbursed
(the “Funding Account”).


If no election as to the Type of Borrowing is specified with
respect to Loans denominated in U.S. Dollars or Canadian Dollars, then the requested Borrowing shall be an ABR Borrowing. If no
Interest Period is specified with respect to any requested Eurocurrency Rate Borrowing, then the applicable Borrower shall be deemed
to have selected an Interest Period of one month’s duration. If no election regarding the currency of such Borrowing is specified
with respect to any Multicurrency Revolving Loan, then the Loans so required shall be made in U.S. Dollars. The Administrative
Agent shall advise each Lender of the details thereof and of the amount of the Loan to be made as part of the requested Borrowing
(x) in the case of any ABR Borrowing, on the same Business Day of receipt of a Borrowing Request in accordance with this Section 2.03
or (y) in the case of any Eurocurrency Rate Borrowing, no later than one Business Day following receipt of a Borrowing Request
in accordance with this Section 2.03.


Section 2.04     [Reserved].


Section 2.05     Letters of Credit.


(a)       General.


(i)       Dollar
Letters of Credit. Subject to the terms and conditions set forth herein, (i) each Issuing Bank agrees, in each case
in reliance upon the agreements of the other Revolving Lenders set forth in this Section 2.05, (A) from time
to time on any Business Day during the period from the Closing Date to the fifth Business Day prior to the Revolving Credit
Maturity Date, upon the request of the Lead Borrower, to issue Dollar Letters of Credit issued only for the account of the
Lead Borrower (or any Restricted Subsidiary; provided that to the extent that any such Restricted Subsidiary is
not a Loan Party, such Letter of Credit shall be deemed an Investment in such Restricted Subsidiary and shall only be issued
so long as it is permitted under Section 6.06) and to amend or renew Dollar Letters of Credit previously issued
by it, in accordance with Section 2.05(b), and (B) to honor drafts under the Dollar Letters of Credit, and
(ii) the Dollar Revolving Lenders severally agree to participate in the Dollar Letters of Credit issued pursuant to Section 2.05(d).
On and after the Closing Date, each Existing Dollar Letter of Credit shall be deemed to be a Dollar Letter of Credit issued
hereunder on the Closing Date for all purposes under this Agreement and the other Loan Documents, subject to the last
sentence of Section 2.05(b). Dollar Letters of Credit will be issued on a serial basis by each Primary Issuing
Bank, in each case, at the direction of the Administrative Agent, with (i) such issuance to result in the Primary Issuing
Banks sharing (to the extent reasonably practicable) ratably in the aggregate exposure with respect to Letters of Credit and
(ii) the Dollar Letter of Credit exposure of each Primary Issuing Bank to be subject to an individual sub-limit, which shall
be $20,000,000 for RBC and $20,000,000 for JPM, or in either case, such other amounts from time to time as otherwise mutually
agreed to by each such Primary Issuing Bank and the Lead Borrower. For the avoidance of doubt, Existing Dollar Letters of
Credit of a Primary Issuing Bank shall count towards such Primary Issuing Bank’s individual sub-limit.


(ii)       Multicurrency
Letters of Credit. Subject to the terms and conditions set forth herein, (i) each Issuing Bank agrees, in each case in
reliance upon the agreements of the other 



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Revolving Lenders set forth in this Section 2.05, (A) from time to time
on any Business Day during the period from the Closing Date to the fifth Business Day prior to the Revolving Credit Maturity Date,
upon the request of the Lead Borrower, to issue Multicurrency Letters of Credit issued only for the account of the Lead Borrower
(or any Restricted Subsidiary; provided that to the extent that any such Restricted Subsidiary is not a Loan Party,
such Letter of Credit shall be deemed an Investment in such Restricted Subsidiary and shall only be issued so long as it is permitted
under Section 6.06) and to amend or renew Multicurrency Letters of Credit previously issued by it, in accordance with
Section 2.05(b), and (B) to honor drafts under the Multicurrency Letters of Credit, and (ii) the Multicurrency
Revolving Lenders severally agree to participate in the Multicurrency Letters of Credit issued pursuant to Section 2.05(d).
On and after the Closing Date, each Existing Multicurrency Letter of Credit shall be deemed to be a Multicurrency Letter of Credit
issued hereunder on the Closing Date for all purposes under this Agreement and the other Loan Documents, subject to the last sentence
of Section 2.05(b). Multicurrency Letters of Credit will be issued on a serial basis by each Primary Issuing Bank,
in each case, at the direction of the Administrative Agent, with (i) such issuance to result in the Primary Issuing Banks sharing
(to the extent reasonably practicable) ratably in the aggregate exposure with respect to Multicurrency Letters of Credit and (ii)
the Multicurrency Letter of Credit exposure of each Primary Issuing Bank to be subject to an individual sub-limit, the Dollar Equivalent
of which shall be $10,000,000 for RBC and $5,000,000 for JPM, or in either case, such other amounts from time to time as otherwise
mutually agreed to by each such Primary Issuing Bank and the Lead Borrower. For the avoidance of doubt, Existing Multi-Currency
Letters of Credit of a Primary Issuing Bank shall count towards such Primary Issuing Bank’s individual sub-limit.


(iii)       The
Lead Borrower shall identify in the request for the issuance of a Letter of Credit under which of the Multicurrency Revolving Facility
or the Dollar Revolving Facility such Letter of Credit shall be issued; provided that Letters of Credit denominated
in a currency other than U.S. Dollars may only be requested to be issued under the Multicurrency Revolving Facility (and,
for the avoidance of doubt, Letters of Credit in U.S. Dollars may be issued under either the Dollar Revolving Facility or
the Multicurrency Revolving Facility).


(iv)       No
Issuing Bank shall be under any obligation to issue any Letter of Credit if:


(A)       any
order, judgment or decree of any Governmental Authority or arbitrator shall by its terms purport to enjoin or restrain such Issuing
Bank from issuing such Letter of Credit, or any law applicable to such Issuing Bank or any request or directive (whether or not
having the force of law) from any Governmental Authority with jurisdiction over such Issuing Bank shall prohibit, or request that
such Issuing Bank refrain from, the issuance of letters of credit generally or such Letter of Credit in particular or shall impose
upon such Issuing Bank with respect to such Letter of Credit any restriction, reserve or capital requirement (for which such Issuing
Bank is not otherwise compensated hereunder) not in effect on the Closing Date, or shall impose upon such Issuing Bank any unreimbursed
loss, cost or expense which was not applicable on the Closing Date and which such Issuing Bank in good faith deems material to
it;


(B)       the
issuance of such Letter of Credit would violate one or more policies of such Issuing Bank applicable to letters of credit generally;


(C)       except
as otherwise agreed by the Administrative Agent and such Issuing Bank, such Letter of Credit is in an initial stated amount less
than the Dollar Equivalent of $100,000;


(D)       except
as otherwise agreed by the Administrative Agent and such Issuing Bank, such Letter of Credit is to be denominated in a currency
other than U.S. Dollars or an Alternative Currency; or



    	 	-69-	 



     


    




(E)       such
Issuing Bank does not as of the issuance date of such requested Letter of Credit issue Letters of Credit in the requested currency.


(b)       Notice
of Issuance, Amendment, Renewal, Extension; Certain Conditions. To request the issuance of a Letter of Credit, the Lead
Borrower shall deliver to the applicable Issuing Bank and the Administrative Agent, at least three Business Days in advance of
the requested date of issuance (or such shorter period as is acceptable to the applicable Issuing Bank), a request to issue a Letter
of Credit, which shall specify that it is being issued under this Agreement, in the form of Exhibit K attached hereto.
To request an amendment, extension or renewal of an outstanding Letter of Credit, (other than any automatic extension of a Letter
of Credit permitted under Section 2.05(c)) the Lead Borrower shall submit such a request to the applicable Issuing
Bank (with a copy to the Administrative Agent) at least three Business Days in advance of the requested date of amendment, extension
or renewal (or such shorter period as is acceptable to the applicable Issuing Bank), identifying the Letter of Credit to be amended,
extended or renewed, and specifying the proposed date (which shall be a Business Day) and other details of the amendment, extension
or renewal. Requests for the issuance, amendment, extension or renewal of any Letter of Credit must be accompanied by such other
information (including information as required by regulatory authorities under applicable “know your customer” rules
and regulations) as shall be necessary to issue, amend, extend or renew such Letter of Credit. If requested by the applicable Issuing
Bank, the Lead Borrower also shall submit a letter of credit application on such Issuing Bank’s standard form in connection
with any request for a Letter of Credit. In the event of any inconsistency between the terms and conditions of this Agreement and
the terms and conditions of any form of letter of credit application or other agreement submitted by the Lead Borrower to, or entered
into by the Lead Borrower with, the applicable Issuing Bank relating to any Letter of Credit, the terms and conditions of this
Agreement shall control. No Letter of Credit, letter of credit application or other document entered into by the Lead Borrower
with the applicable Issuing Bank relating to any Letter of Credit shall contain any representations or warranties, covenants or
events of default not set forth in this Agreement (and to the extent inconsistent herewith shall be rendered null and void), and
all representations and warranties, covenants and events of default set forth therein shall contain standards, qualifications,
thresholds and exceptions for materiality or otherwise consistent with those set forth in this Agreement (and, to the extent inconsistent
herewith, shall be deemed to automatically incorporate the applicable standards, qualifications, thresholds and exceptions set
forth herein without action by any Person). A Dollar Letter of Credit may be issued, amended, extended or renewed only if (and
on the issuance, amendment, extension or renewal of each Letter of Credit the Lead Borrower shall be deemed to represent and warrant
that), after giving effect to such issuance, amendment, extension, or renewal, (i) the Dollar LC Exposure does not exceed
the Dollar Letter of Credit Sublimit, (ii) the sum of (x) the aggregate outstanding principal amount of all Dollar Revolving
Loans made under the Dollar Revolving Facility plus (y) the aggregate amount of all Dollar LC Obligations under the
Dollar Revolving Facility would not exceed the Total Dollar Revolving Credit Commitment and (iii) the sum of (x) the
aggregate outstanding principal amount of all Dollar Revolving Loans of any Dollar Revolving Lender made under the Dollar Revolving
Facility plus (y) the Dollar Revolving Applicable Percentage of the Dollar LC Obligations of any Dollar Revolving Lender under
the Dollar Revolving Facility would not exceed such Dollar Revolving Lender’s Dollar Revolving Credit Commitments. A Multicurrency
Letter of Credit may be issued, amended, extended or renewed only if (and on the issuance, amendment, extension or renewal of each
Letter of Credit the Lead Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment,
extension, or renewal, (i) the Multicurrency LC Exposure does not exceed the Multicurrency Letter of Credit Sublimit, (ii) the
sum of (x) the Dollar Equivalent of the aggregate outstanding principal amount of all Multicurrency Revolving Loans plus
(y) the aggregate amount of all Multicurrency LC Obligations would not exceed the Total Multicurrency Revolving Credit
Commitment and (iii) the sum of (x) the Dollar Equivalent of the aggregate outstanding principal amount of all Multicurrency
Revolving Loans of any Multicurrency Revolving Lender made under the Multicurrency Revolving Facility plus (y) the Multicurrency
Revolving Applicable Percentage of the Multicurrency LC Obligations of any Multicurrency Revolving Lender under the Multicurrency
Revolving Facility would not exceed such Multicurrency Revolving Lender’s Multicurrency Revolving Credit Commitments. Promptly
after the delivery of any Letter of Credit or any amendment to a Letter of Credit to an advising bank with respect thereto or to
the beneficiary thereof, the applicable Issuing Bank will also deliver to the Lead Borrower and the Administrative Agent a true
and complete copy of such Letter of Credit or amendment. Notwithstanding anything to the contrary contained herein, there shall
be no extensions or renewals of the Existing Letters of Credit, which shall expire in accordance with the terms thereof as in effect
on the Closing Date.


(c)       Expiration
Date.



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(i)       No
Letter of Credit shall expire later than the earlier of (A) the date that is one year after the date of the issuance of such
Letter of Credit and (B) the date that is five Business Days prior to the Revolving Credit Maturity Date; provided
that any Standby Letter of Credit may provide for the automatic extension thereof for any number of additional periods each
of up to one year in duration (none of which, in any event, shall extend beyond the date referred to in the preceding clause (B)
unless 100% of the then-available face amount thereof is Cash collateralized or back-stopped on or before the date that such
Letter of Credit is extended beyond the date referred to in clause (B) above pursuant to arrangements reasonably satisfactory
to the relevant Issuing Bank.


(ii)       No
Commercial Letter of Credit shall expire later than the earlier to occur of (A) 180 days after the issuance thereof (or
in each case such longer period as may be agreed by the relevant Issuing Bank and the applicable Borrower) and (B) the date
that is five Business Days prior to the Revolving Credit Maturity Date.


(d)       Participations.


(i)       By
the issuance of a Dollar Letter of Credit (or an amendment to a Dollar Letter of Credit increasing the amount thereof) and without
any further action on the part of the applicable Issuing Bank or the Dollar Revolving Lenders, the applicable Issuing Bank hereby
grants to each Dollar Revolving Lender, and each Dollar Revolving Lender hereby acquires from such Issuing Bank, a participation
in such Dollar Letter of Credit equal to such Dollar Revolving Lender’s Dollar Revolving Applicable Percentage of the aggregate
amount available to be drawn under such Dollar Letter of Credit. In consideration and in furtherance of the foregoing, each Dollar
Revolving Lender hereby absolutely and unconditionally agrees to pay to the Administrative Agent, for the account of the applicable
Issuing Bank, such Dollar Revolving Lender’s Dollar Revolving Applicable Percentage of each Dollar LC Disbursement made by
such Issuing Bank and not reimbursed by the Lead Borrower on the date due as provided in paragraph (e) of this Section 2.05,
or of any reimbursement payment required to be refunded to the applicable Borrower for any reason. Each Dollar Revolving Lender
acknowledges and agrees that its obligation to acquire participations pursuant to this paragraph in respect of Dollar Letters of
Credit is absolute and unconditional and shall not be affected by any circumstance whatsoever, including any amendment, renewal
or extension of any Dollar Letter of Credit or the occurrence and continuance of a Default or Event of Default or reduction or
termination of the Dollar Revolving Credit Commitments, and that each such payment shall be made without any offset, abatement,
withholding or reduction whatsoever.


(ii)       By
the issuance of a Multicurrency Letter of Credit (or an amendment to a Multicurrency Letter of Credit increasing the amount thereof)
and without any further action on the part of the applicable Issuing Bank or the Multicurrency Revolving Lenders, the applicable
Issuing Bank hereby grants to each Multicurrency Revolving Lender, and each Multicurrency Revolving Lender hereby acquires from
such Issuing Bank, a participation in such Multicurrency Letter of Credit equal to such Multicurrency Revolving Lender’s
Multicurrency Revolving Applicable Percentage of the Dollar Equivalent of the aggregate amount available to be drawn under such
Multicurrency Letter of Credit. In consideration and in furtherance of the foregoing, each Multicurrency Revolving Lender hereby
absolutely and unconditionally agrees to pay to the Administrative Agent, for the account of the applicable Issuing Bank, such
Multicurrency Revolving Lender’s Multicurrency Revolving Applicable Percentage of each Multicurrency LC Disbursement made
by such Issuing Bank and not reimbursed by the applicable Borrower on the date due as provided in paragraph (e) of
this Section 2.05, or of any reimbursement payment required to be refunded to the applicable Borrower for any reason.
Each Multicurrency Revolving Lender acknowledges and agrees that its obligation to acquire participations pursuant to this paragraph
in respect of Multicurrency Letters of Credit is absolute and unconditional and shall not be affected by any circumstance whatsoever,
including any amendment, renewal or extension of any Multicurrency Letter of Credit or the occurrence and continuance of a Default
or Event of 



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Default or reduction or termination of the Revolving Credit Commitments, and that each such payment shall be made without
any offset, abatement, withholding or reduction whatsoever.


(e)       Reimbursement.


(i)       (A)
If the applicable Issuing Bank makes any Dollar LC Disbursement in respect of a Dollar Letter of Credit, the Lead Borrower shall
reimburse such Dollar LC Disbursement by paying to the Administrative Agent an amount equal to such Dollar LC Disbursement not
later than 1:00 p.m. on the Business Day immediately following the date on which the Lead Borrower receives notice under paragraph (g)
of this Section 2.05 of such Dollar LC Disbursement (or, in the case of Dollar Letters of Credit, if such notice is
received less than two hours prior to the deadline for requesting ABR Revolving Borrowings pursuant to Section 2.03,
on the second Business Day immediately following the date on which the Lead Borrower receives such notice); provided that
the Lead Borrower may, subject to the conditions to borrowing set forth herein, request in accordance with Section 2.03
that such payment, in the case of Dollar Letters of Credit, be financed with an ABR Revolving Borrowing in an equivalent amount
and, to the extent so financed, the Lead Borrower’s obligation to make such payment shall be discharged and replaced by the
resulting ABR Revolving Borrowing. If the Lead Borrower fails to make such payment or otherwise reimburse such Dollar LC Disbursement
when due, the Administrative Agent shall notify each Dollar Revolving Lender of the applicable Dollar LC Disbursement, the payment
then due from the Lead Borrower in respect thereof and such Dollar Revolving Lender’s Dollar Revolving Applicable Percentage
thereof. Promptly following receipt of such notice, each Dollar Revolving Lender shall pay to the Administrative Agent its Dollar
Revolving Applicable Percentage of the payment then due from the Lead Borrower, in the same manner as provided in Section 2.07
with respect to Loans made by such Dollar Revolving Lender (and Section 2.07 shall apply, mutatis mutandis,
to the payment obligations of the Revolving Lenders), and the Administrative Agent shall promptly pay to the applicable Issuing
Bank the amounts so received by it from the Dollar Revolving Lenders. Promptly following receipt by the Administrative Agent of
any payment from the Lead Borrower pursuant to this paragraph, the Administrative Agent shall distribute such payment to the applicable
Issuing Bank or, to the extent that Dollar Revolving Lenders have made payments pursuant to this paragraph to reimburse such Issuing
Bank, then to such Dollar Revolving Lenders and such Issuing Bank as their interests may appear.


(B)       If
the applicable Issuing Bank makes any Multicurrency LC Disbursement in respect of a Multicurrency Letter of Credit, the Lead Borrower
shall reimburse such Multicurrency LC Disbursement and in the same currency issued unless otherwise agreed by the relevant Issuing
Bank and the Lead Borrower by paying to the Administrative Agent an amount equal to such Multicurrency LC Disbursement not later
than 1:00 p.m. on the Business Day immediately following the date on which the Lead Borrower receives notice under paragraph (g)
of this Section 2.05 of such Multicurrency LC Disbursement (or, in the case of Multicurrency Letters of Credit denominated
in U.S. Dollars or Canadian Dollars, if such notice is received less than two hours prior to the deadline for requesting ABR
Revolving Borrowings pursuant to Section 2.03, on the second Business Day immediately following the date on which the
Lead Borrower receives such notice); provided that the Lead Borrower may, subject to the conditions to borrowing set
forth herein, request in accordance with Section 2.03 that such payment, in the case of Multicurrency Letters of Credit
denominated in U.S. Dollars or Canadian Dollars, be financed with an ABR Revolving Borrowing in an equivalent amount and,
to the extent so financed, the Lead Borrower’s obligation to make such payment shall be discharged and replaced by the resulting
ABR Revolving Borrowing. If the Lead Borrower fails to make such payment or otherwise reimburse such Multicurrency LC Disbursement
when due, the Administrative Agent shall notify each Multicurrency Revolving Lender of the applicable Multicurrency LC Disbursement,
the payment then due from the Lead Borrower in respect thereof and such Revolving Lender’s Multicurrency Revolving Applicable
Percentage of (x) in the case of a Letter of Credit denominated in U.S. Dollars, such amount in U.S. Dollars, (y) in
the case of a Letter of Credit denominated in Canadian Dollars, Euros or Pounds Sterling, such amount in Canadian Dollars, Euros
or Pounds Sterling and (z) in the case of a Letter of Credit denominated



    	 	-72-	 



     


    

 


in any Alternative Currency (other than Canadian
Dollars, Euros or Pounds Sterling) either (1) such amount in the Alternative Currency or (2) if such Revolving Lender
has not agreed to make or cannot make Loans available in such Alternative Currency, the Dollar Equivalent of such amount in U.S. Dollars
plus an additional amount equal to the amount required to convert U.S. Dollars into the currency of the unreimbursed Multicurrency
LC Disbursement (and the Lead Borrower shall, in the event that the circumstances in clause (2) apply in respect of
any Letter of Credit denominated in an Alternative Currency other than Canadian Dollars, Euros or Pounds Sterling, reimburse the
applicable Revolving Lender(s) for such additional amount equal to the amount required to convert U.S. Dollars received into
the currency of the unreimbursed Multicurrency LC Disbursement). Promptly following receipt of such notice, each Multicurrency
Revolving Lender shall pay to the Administrative Agent its Multicurrency Revolving Applicable Percentage of such payment then due
from the Lead Borrower (including, if the circumstances in clause (2) apply, the applicable additional amount), in
the same manner as provided in Section 2.07 with respect to Loans made by such Multicurrency Revolving Lender in the
applicable currency (and Section 2.07 shall apply, mutatis mutandis, to the payment obligations of the Multicurrency
Revolving Lenders), and the Administrative Agent shall promptly pay to the applicable Issuing Bank the amounts so received by it
from the Multicurrency Revolving Lenders. Promptly following receipt by the Administrative Agent of any payment from the Lead Borrower
pursuant to this paragraph, the Administrative Agent shall distribute such payment to the applicable Issuing Bank or, to the extent
that Multicurrency Revolving Lenders have made payments pursuant to this paragraph to reimburse such Issuing Bank, then to such
Multicurrency Revolving Lenders and such Issuing Bank as their interests may appear.


(ii)       If
any Revolving Lender fails to make available to the Administrative Agent for the account of the applicable Issuing Bank any amount
required to be paid by such Revolving Lender pursuant to the foregoing provisions of this Section 2.05(e) by the time
specified therein, such Issuing Bank shall be entitled to recover from such Revolving Lender (acting through the Administrative
Agent), on demand, such amount with interest thereon for the period from the date such payment is required to the date on which
such payment is immediately available to such Issuing Bank at a rate per annum equal to the greater of the Overnight Rate from
time to time in effect and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank
compensation. A certificate of the applicable Issuing Bank submitted to any Revolving Lender (through the Administrative Agent)
with respect to any amounts owing under this clause (ii) shall be conclusive absent manifest error.


(f)       Obligations
Absolute. The Lead Borrower’s obligation to reimburse LC Disbursements as provided in paragraph (e) of this
Section 2.05 shall be absolute, unconditional and irrevocable, and shall be performed strictly in accordance with the
terms of this Agreement under any and all circumstances whatsoever and irrespective of (i) any lack of validity or enforceability
of any Letter of Credit or this Agreement, or any term or provision therein, (ii) any draft or other document presented under
any Letter of Credit proving to be forged, fraudulent or invalid in any respect or any statement therein being untrue or inaccurate
in any respect, (iii) payment by the applicable Issuing Bank under any Letter of Credit against presentation of a draft or
other document that does not comply with the terms of such Letter of Credit or (iv) any other event or circumstance whatsoever,
whether or not similar to any of the foregoing, that might, but for the provisions of this Section 2.05, constitute
a legal or equitable discharge of, or provide a right of set-off against, the Lead Borrower’s obligations hereunder. Neither
the Administrative Agent, the Revolving Lenders nor any Issuing Bank, nor any of their Related Parties, shall have any liability
or responsibility by reason of or in connection with the issuance or transfer of any Letter of Credit or any payment or failure
to make any payment thereunder (irrespective of any of the circumstances referred to in the preceding sentence), or any error,
omission, interruption, loss or delay in transmission or delivery of any draft, notice or other communication under or relating
to any Letter of Credit (including any document required to make a drawing thereunder), any error in interpretation of technical
terms or any consequence arising from causes beyond the control of such Issuing Bank; provided that the foregoing shall
not be construed to excuse such Issuing Bank from liability to the Lead Borrower to the extent of any direct damages (as opposed
to consequential damages, claims in respect of which are hereby waived by the Lead Borrower to the extent permitted by applicable
law) suffered by the Borrower that are caused by such Issuing Bank’s failure to exercise care when determining whether drafts
and other documents presented under a Letter of Credit comply with the terms thereof. The parties hereto



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expressly agree that,
in the absence of gross negligence, bad faith or willful misconduct on the part of applicable Issuing Bank (as finally determined
by a court of competent jurisdiction), such Issuing Bank shall be deemed to have exercised care in each such determination. In
furtherance of the foregoing and without limiting the generality thereof, the parties agree that, with respect to documents presented
which appear on their face to be in substantial compliance with the terms of a Letter of Credit, the applicable Issuing Bank may,
in its sole discretion, either accept and make payment upon such documents without responsibility for further investigation, regardless
of any notice or information to the contrary, or refuse to accept and make payment upon such documents if such documents are not
in strict compliance with the terms of such Letter of Credit.


(g)       Disbursement
Procedures. The applicable Issuing Bank shall, promptly following its receipt thereof, examine all documents purporting to
represent a demand for payment under a Dollar Letter of Credit or a Multicurrency Letter of Credit. Such Issuing Bank shall promptly
notify the Administrative Agent and the Lead Borrower in writing or by telephone (promptly confirmed in writing) of such demand
for payment and whether such Issuing Bank has made or will make a Dollar LC Disbursement or Multicurrency LC Disbursement, as applicable,
thereunder; provided that no failure to give or delay in giving such notice shall relieve the Lead Borrower of its
obligation to reimburse (x) such Issuing Bank and the Dollar Revolving Lenders with respect to any such Dollar LC Disbursement
or (y) such Issuing Bank and the Multicurrency Revolving Lenders with respect to any such Multicurrency LC Disbursement, as
applicable.


(h)       Interim
Interest.


(i)       If
any Issuing Bank makes any Dollar LC Disbursement, then, unless the Lead Borrower reimburses such Dollar LC Disbursement in full
on the date such Dollar LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including
the date such Dollar LC Disbursement is made to but excluding the date that the Lead Borrower reimburses such Dollar LC Disbursement,
at the rate per annum that would apply to such amount if such amount were a Revolving ABR Loan; provided that if the
Lead Borrower fails to reimburse such Dollar LC Disbursement when due pursuant to paragraph (e) of this Section 2.05,
then Section 2.13(f) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable
Issuing Bank, except that interest accrued on and after the date of payment by any Dollar Revolving Lender pursuant to paragraph (e)
of this Section 2.05 to reimburse such Issuing Bank shall be for the account of such Dollar Revolving Lender to the
extent of such payment and shall be payable on the date on which the Lead Borrower is required to reimburse the applicable Dollar
LC Disbursement in full (and, thereafter, on demand).


(ii)       If
any Issuing Bank makes any Multicurrency LC Disbursement, then, unless the Lead Borrower reimburses such Multicurrency LC Disbursement
in full on the date such Multicurrency LC Disbursement is made, the unpaid amount thereof plus, in respect of any Letter of Credit
denominated in an Alternative Currency other than Canadian Dollars, Euros or Pounds Sterling, an additional amount equal to the
amount required to convert U.S. Dollars received into the currency of the unreimbursed Multicurrency LC Disbursement, shall
bear interest, for each day from and including the date such Multicurrency LC Disbursement is made to but excluding the date that
the Lead Borrower reimburses such Multicurrency LC Disbursement, at the rate per annum that would apply to such amount if such
amount were a Revolving ABR Loan; provided that if the Lead Borrower fails to reimburse such Multicurrency LC Disbursement
when due pursuant to paragraph (e) of this Section 2.05, then Section 2.13(f) shall apply.
Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued
on and after the date of payment by any Multicurrency Revolving Lender pursuant to paragraph (e) of this Section 2.05
to reimburse such Issuing Bank shall be for the account of such Multicurrency Revolving Lender to the extent of such payment and
shall be payable on the date on which the Lead Borrower is required to reimburse the applicable Multicurrency LC Disbursement in
full (and, thereafter, on demand),


(i)       Replacement
or Resignation of an Issuing Bank or Addition of New Issuing Banks.



    	 	-74-	 



     


    




(i)       Any
Issuing Bank may be replaced with the consent of the Administrative Agent (not to be unreasonably withheld or delayed) at any time
by written agreement among the Lead Borrower, the Administrative Agent and the successor Issuing Bank. The Administrative Agent
shall notify the Revolving Lenders of any such replacement of an Issuing Bank. At the time any such replacement becomes effective,
the Lead Borrower shall pay all unpaid fees accrued for the account of the replaced Issuing Bank pursuant to Section 2.12(b)(ii).
From and after the effective date of any such replacement, (i) the successor Issuing Bank shall have all the rights and obligations
of the replaced Issuing Bank under this Agreement with respect to Letters of Credit to be issued thereafter and (ii) references
herein to the term “Issuing Bank” shall be deemed to refer to such successor or to any previous Issuing Bank,
or to such successor and all previous Issuing Banks, as the context shall require. After the replacement of any Issuing Bank hereunder,
the replaced Issuing Bank shall remain a party hereto and shall continue to have all the rights and obligations of an Issuing Bank
under this Agreement with respect to Letters of Credit issued by it prior to such replacement, but shall not be required to issue
additional Letters of Credit. The Lead Borrower may, at any time and from time to time with the consent of the Administrative Agent
(which consent shall not be unreasonably withheld or delayed) and the relevant Revolving Lenders, designate one or more additional
Revolving Lenders to act as an issuing bank under the terms of this Agreement. Any Revolving Lender designated as an issuing bank
pursuant to this paragraph (i) who agrees in writing to such designation shall be deemed to be an “Issuing Bank”
(in addition to being a Revolving Lender) in respect of Letters of Credit issued or to be issued by such Revolving Lender, and,
with respect to such Letters of Credit, such term shall thereafter apply to the other Issuing Bank and such Revolving Lender.


(ii)       Notwithstanding
anything to the contrary contained herein, each Issuing Bank may, upon ten days’ prior written notice to the Lead Borrower,
each other Issuing Bank and the Lenders, resign as Issuing Bank, which resignation shall be effective as of the date referenced
in such notice (but in no event less than ten days after the delivery of such written notice); it being understood that in
the event of any such resignation, any Letter of Credit then outstanding shall remain outstanding (irrespective of whether any
amounts have been drawn at such time). In the event of any such resignation as an Issuing Bank, the Lead Borrower shall be entitled
to appoint any Revolving Lender that accepts such appointment in writing as successor Issuing Bank. Upon the acceptance of any
appointment as Issuing Bank hereunder, the successor Issuing Bank shall thereupon succeed to and become vested with all the rights,
powers, privileges and duties of the retiring Issuing Bank, and the retiring Issuing Bank shall be discharged from its duties and
obligations in such capacity hereunder.


(j)       Cash
Collateralization.


(i)       If
any Event of Default exists, then on the Business Day that the Lead Borrower receives notice from the Administrative Agent at the
direction of the Required Revolving Lenders demanding
the deposit of Cash collateral pursuant to this paragraph (j), the Lead Borrower shall deposit, in an interest-bearing
account with the Administrative Agent, in the name of the Administrative Agent and for the benefit of the Revolving Lenders (the
“LC Collateral Account”), an amount in Cash equal to 101% of the Dollar Equivalent of the LC Exposure as
of such date (minus the amount then on deposit in the LC Collateral Account); provided that the obligation to
deposit such Cash collateral shall become effective immediately, and such deposit shall become immediately due and payable, without
demand or other notice of any kind, upon the occurrence of any Event of Default with respect to the Lead Borrower described in
Section 7.01(f) or (g).


(ii)       Any
such deposit under clause (i) above shall be held by the Administrative Agent as collateral for the payment and performance
of the Secured Obligations in accordance with the provisions of this paragraph (j). The Administrative Agent shall
have exclusive dominion and control, including the exclusive right of withdrawal, over such account, and the Lead Borrower hereby
grants the Administrative Agent, for the benefit of the Secured Parties, a First Priority security interest in the LC Collateral
Account. Interest or profits, if any, on such investments shall 



    	 	-75-	 



     


    

 


accumulate in such account. Moneys in such account shall be applied
by the Administrative Agent to reimburse the applicable Issuing Bank for LC Disbursements for which it has not been reimbursed
and, to the extent not so applied, shall be held for the satisfaction of the reimbursement obligations of the Lead Borrower for
the LC Exposure at such time or, if the maturity of the Loans has been accelerated (but subject to the consent of the Required
Revolving Lenders) be applied to satisfy other Secured
Obligations. If the Lead Borrower is required to provide an amount of Cash collateral hereunder as a result of the occurrence of
an Event of Default, such amount (together with all interest and other earnings with respect thereto, to the extent not applied
as aforesaid) shall be returned to the Lead Borrower promptly but in no event later than three Business Days after such Event of
Default has been cured or waived.


Section 2.06     [Reserved].


Section 2.07     Funding of Borrowings.


(a)       Except
as otherwise agreed by the Lead Borrower and the Administrative Agent, each Lender shall make each Loan to be made by it hereunder
on the proposed date thereof by wire transfer of immediately available funds by 1:00 p.m. to the account of the Administrative
Agent most recently designated by it for such purpose by notice to the Lenders in an amount equal to such Lender’s respective
Applicable Percentage. The Administrative Agent will make such Loans available to the Lead Borrower by promptly crediting the amounts
so received, in like funds, to the Funding Account or as otherwise directed by the Lead Borrower; provided that ABR
Revolving Loans made to finance the reimbursement of any LC Disbursement as provided in Section 2.05(e) shall be remitted
by the Administrative Agent to the applicable Issuing Bank.


(b)       Unless
the Administrative Agent has received notice from any Lender prior to the proposed date of any Borrowing that such Lender will
not make available to the Administrative Agent such Lender’s share of such Borrowing, the Administrative Agent may assume
that such Lender has made such share available on such date in accordance with paragraph (a) of this Section 2.07
and may, in reliance upon such assumption, make available to the Lead Borrower a corresponding amount. In such event, if any Lender
has not in fact made its share of the applicable Borrowing available to the Administrative Agent, then the applicable Lender and
the Lead Borrower severally agree to pay to the Administrative Agent forthwith on demand (without duplication) such corresponding
amount with interest thereon, for each day from and including the date such amount is made available to the Lead Borrower to but
excluding the date of payment to the Administrative Agent, at (i) in the case of such Lender, the Overnight Rate or (ii) in
the case of the Lead Borrower, the interest rate applicable to Loans comprising such Borrowing at such time. If such Lender pays
such amount to the Administrative Agent, then such amount shall constitute such Lender’s Loan included in such Borrowing
and the Lead Borrower’s obligation to repay the Administrative Agent such corresponding amount pursuant to this Section 2.07(b)
shall cease. If the Lead Borrower pays such amount to the Administrative Agent, the amount so paid shall constitute a repayment
of such Borrowing by such amount. Nothing herein shall be deemed to relieve any Lender from its obligation to fulfill its Commitment
or to prejudice any rights which the Administrative Agent or the Lead Borrower or any other Loan Party may have against any Lender
as a result of any default by such Lender hereunder.


Section 2.08     Type; Interest
Elections.


(a)       Each
Borrowing initially shall be of the Type specified in the applicable Borrowing Request and, in the case of a Eurocurrency Rate
Borrowing, shall have an initial Interest Period as specified in such Borrowing Request. Thereafter, the Lead Borrower may elect
to convert any Borrowing to a Borrowing of a different Type or to continue such Borrowing and, in the case of a Eurocurrency Rate
Borrowing, may elect Interest Periods therefor, all as provided in this Section 2.08.


The Lead Borrower may elect different options with respect
to different portions of the affected Borrowing, in which case each such portion shall be allocated ratably among the Lenders based
upon their Applicable Percentages and the Loans comprising each such portion shall be considered a separate Borrowing.


(b)       To
make an election pursuant to this Section 2.08, the Lead Borrower shall notify the Administrative Agent of such election
either in writing (by hand delivery, fax or other electronic transmission



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(including “.pdf” or “.tif”))
or by telephone by the time that a Borrowing Request would be required under Section 2.03 if the Lead Borrower were
requesting a Borrowing of the Type resulting from such election to be made on the effective date of such election. Each such telephonic
Interest Election Request shall be irrevocable and shall be confirmed promptly by hand delivery, fax or other electronic transmission
(including “.pdf” or “.tif”) to the Administrative Agent of a written Interest Election Request signed
by a Responsible Officer of the Lead Borrower.


(c)       Each
telephonic and written Interest Election Request shall specify the following information in compliance with Section 2.02:


(i)       the
Borrowing to which such Interest Election Request applies and, if different options are being elected with respect to different
portions thereof, the portions thereof to be allocated to each resulting Borrowing (in which case the information to be specified
pursuant to clauses (iii) and (iv) below shall be specified for each resulting Borrowing);


(ii)       the
effective date of the election made pursuant to such Interest Election Request, which shall be a Business Day;


(iii)       whether
the resulting Borrowing is to be an ABR Borrowing or a Eurocurrency Rate Borrowing; and


(iv)       if
the resulting Borrowing is a Eurocurrency Rate Borrowing, the Interest Period to be applicable thereto after giving effect to such
election, which shall be a period contemplated by the definition of the term “Interest Period”.


If any such Interest Election Request requests a Eurocurrency
Rate Borrowing but does not specify an Interest Period, then the applicable Borrower shall be deemed to have selected an Interest
Period of one month’s duration.


(d)       Promptly
following receipt of an Interest Election Request, the Administrative Agent shall advise each applicable Lender of the details
thereof and of such Lender’s portion of each resulting Borrowing.


(e)       If
the applicable Borrower fails to deliver a timely Interest Election Request with respect to a Eurocurrency Rate Borrowing prior
to the end of the Interest Period applicable thereto, then, unless such Borrowing is repaid as provided herein, such Borrowing
shall be converted at the end of such Interest Period to a Eurocurrency Rate Borrowing with an Interest Period of one month. Notwithstanding
any contrary provision hereof, if an Event of Default exists and the Administrative Agent, at the request of the Required Lenders,
so notifies the Lead Borrower, then, so long as such Event of Default exists (i) no outstanding Borrowing may be converted
to or continued as a Eurocurrency Rate Borrowing and (ii) unless repaid, (x) each Eurocurrency Rate Borrowing denominated
in U.S. Dollars or Canadian Dollars shall be converted to an ABR Borrowing at the end of the then­current Interest Period applicable
thereto and (y) each Eurocurrency Rate Borrowing denominated in any other currency shall be continued as a Eurocurrency Rate
Borrowing with an Interest Period of one month.


Section 2.09     Termination and Reduction
of Commitments.


(a)       Unless
previously terminated, (i) the 2021 Term Commitments shall automatically
terminate upon the making of the 2021 Term Loans on the First Amendment Effective Date and (ii) the Revolving Credit
Commitments shall terminate on the Revolving Credit Maturity Date.


(b)       Upon
delivering the notice required by Section 2.09(d), the Lead Borrower may at any time terminate the Revolving Credit
Commitments upon (i) the payment in full in Cash of all outstanding Revolving Loans, together with accrued and unpaid interest
thereon, (ii) the cancellation and return of all outstanding Letters of Credit (or alternatively, with respect to each outstanding
Letter of Credit, the furnishing to the Administrative Agent of a Cash deposit (or, if reasonably satisfactory to the applicable
Issuing Bank, a back-up standby letter of credit) equal to 100% of the LC Exposure (minus the amount then on deposit
in the LC Collateral Account) as of such date), (iii) the payment in full in Cash of all Ancillary Outstandings or, alternatively
the furnishing to the relevant Ancillary Lender of a Cash deposit equal to 100% of the Ancillary Outstandings as of such date,
in each case, 



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together with accrued and unpaid interest, fees and reimbursement expenses in respect thereof and (iv) the payment
in full of all accrued and unpaid fees and all reimbursable expenses and other non­contingent Obligations with respect to the Revolving
Facility then due, together with accrued and unpaid interest (if any) thereon.


(c)       Upon
delivering the notice required by Section 2.09(d), the Lead Borrower may from time to time reduce the Revolving Credit
Commitments; provided that (i) each reduction of the Revolving Credit Commitments shall be in an amount that is
an integral multiple of the Dollar Equivalent of $1,000,000 and not less than the Dollar Equivalent of $1,000,000 and (ii) the
Lead Borrower shall not reduce the Revolving Credit Commitments if, after giving effect to any concurrent prepayment of the Revolving
Loans in accordance with Section 2.10 or Section 2.11, the Aggregate Revolving Credit Exposure would exceed
the Total Revolving Credit Commitment.


(d)       The
Lead Borrower shall notify the Administrative Agent of any election to terminate or reduce the Revolving Credit Commitments under
paragraph (b) or (c) of this Section 2.09 in writing at least three Business Days prior to
the effective date of such termination or reduction (or such later date to which the Administrative Agent may agree), specifying
such election and the effective date thereof. Promptly following receipt of any notice, the Administrative Agent shall advise the
Revolving Lenders of the contents thereof. Each notice delivered by the Lead Borrower pursuant to this Section 2.09
shall be irrevocable; provided that a notice of termination of the Revolving Credit Commitments delivered by the Lead
Borrower may state that such notice is conditioned upon the effectiveness of other transactions, in which case such notice may
be revoked by the Lead Borrower (by notice to the Administrative Agent on or prior to the specified effective date) if such condition
is not satisfied. Any termination or reduction of the Revolving Credit Commitments pursuant to this Section 2.09 shall
be permanent. Upon any reduction of the Revolving Credit Commitments, the Revolving Credit Commitment of each Revolving Lender
shall be reduced by such Revolving Lender’s Applicable Percentage of such reduction amount.


Section 2.10     Repayment of Loans;
Evidence of Debt.


(a)       The
Lead Borrower hereby unconditionally promises to repay Initial Term Loans to the Administrative Agent for the account of each Term
Lender (i) commencing June 30, 2021 on the last calendar day of each March, June, September and December prior to the Initial Term
Loan Maturity Date (each such date being referred to as a “Loan Installment Date”), in each case, in an amount equal
to 0.25% of the original principal amount of the Initial Term Loans (as such payment installment amounts may be reduced from time
to time as a result of the application of prepayments in accordance with Section 2.11 and repurchases in accordance with Section
9.05(g) or increased as a result of any increase in the amount of such Initial Term Loans pursuant to Section 2.22(a)), and (ii)
on the Initial Term Loan Maturity Date, in an amount equal to the remainder of the principal amount of the Initial Term Loans,
outstanding on such date, together in each case with accrued and unpaid interest on the principal amount to be paid to but excluding
the date of such payment.


(ab)     The
Lead Borrower hereby unconditionally promises to pay to the Administrative Agent for the account of each Revolving Lender the then
unpaid principal amount of each Revolving Loan on the Revolving Credit Maturity Date. In addition, on the Revolving Credit Maturity
Date, the Lead Borrower shall (A) cancel and return all outstanding Letters of Credit (or alternatively, with respect to any
outstanding Letter of Credit, furnish to the Administrative Agent a Cash deposit (or if reasonably acceptable to the relevant Issuing
Bank, a back-up standby letter of credit) equal to 100% of the LC Exposure (minus the Dollar Equivalent of the amount
then on deposit in the LC Collateral Account) as of such date) and (B) make payment in full in Cash of all accrued and unpaid
fees and all reimbursable expenses and other Obligations with respect to the Revolving Facility then due, together with accrued
and unpaid interest (if any) thereon.


(bc)     Each
Lender shall maintain in accordance with its usual practice an account or accounts evidencing the indebtedness of the Lead Borrower
to such Lender resulting from each Loan made by such Lender, including the amounts of principal and interest payable and paid to
such Lender from time to time hereunder.


(cd)     The
Administrative Agent shall maintain accounts in which it shall record (i) the amount of each Loan made hereunder, the Class
and Type thereof and the Interest Period (if any) applicable thereto, (ii) the amount of any principal or interest due and
payable or to become due and payable from the Lead Borrower to each Lender hereunder and (iii) the amount of any sum received
by the Administrative Agent hereunder for the account of the Lenders and each Lender’s share thereof.



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(de)     The
entries made in the accounts maintained pursuant to paragraph (c) or (d) of this Section 2.10
shall be prima facie evidence of the existence and amounts of the obligations recorded therein (absent manifest error); provided
that the failure of any Lender or the Administrative Agent to maintain such accounts or any manifest error therein shall not
in any manner affect the obligation of the Lead Borrower to repay the Loans in accordance with the terms of this Agreement;
provided, further, that in the event of any inconsistency between the accounts maintained by the Administrative Agent
pursuant to paragraph (d) of this Section 2.10 and any Lender’s records, the accounts of the Administrative
Agent shall govern.


(ef)     Any
Lender may request that Loans made by it be evidenced by a Promissory Note. In such event, the Lead Borrower shall prepare, execute
and deliver to such Lender a Promissory Note payable to such Lender and its registered assigns; it being understood and agreed
that such Lender (and/or its applicable assign) shall be required to return such Promissory Note to the Lead Borrower in accordance
with Section 9.05(b)(iii) and upon the occurrence of the Termination Date (or as promptly thereafter as practicable).


Section 2.11     Prepayment of Loans.


(a)       Optional
Prepayments.


(i)       [reserved].


(i)       Upon
prior notice in accordance with paragraph (a)(iii) of this Section 2.11, the Lead Borrower shall have the right at any
time and from time to time to prepay any Borrowing of Term Loans of any Class in whole or in part without premium or penalty (but
subject to Sections 2.12(f) and 2.16). Each such prepayment shall be paid to the Lenders holding Term Loans of such Class
in accordance with their respective Applicable Percentages.


(ii)       Upon
prior notice in accordance with paragraph (a)(iii) of this Section 2.11, the Lead Borrower shall have the
right at any time and from time to time to prepay any Borrowing of Revolving Loans, including any Additional Revolving Loans, in
whole or in part without premium or penalty (but subject to Section 2.16). Prepayments made pursuant to this Section 2.11(a)(ii),
first, shall be applied to outstanding LC Disbursements and, second, shall be applied ratably to the outstanding Revolving Loans,
including any Additional Revolving Loans. Each such prepayment shall be paid to the Revolving Lenders in accordance with their
respective Applicable Percentages.


(iii)       The
Lead Borrower shall notify the Administrative Agent in writing or by telephone (promptly confirmed in writing) of any prepayment
under this Section 2.11(a) (A) in the case of a prepayment of a Eurocurrency Rate Borrowing, not later than 1:00
p.m. three Business Days before the date of prepayment or (B) in the case of a prepayment of an ABR Borrowing or a Canadian
Base Rate Borrowing, not later than 1:00 p.m. one Business Day before the date of prepayment (or, in the case of clauses (A)
and (B), such later date to which the Administrative Agent may agree). Each such notice shall be in the form of Exhibit
H hereto and shall be irrevocable and shall specify the prepayment date and the principal amount of each Borrowing or portion
thereof to be prepaid; provided that a notice of prepayment delivered by the Lead Borrower may state that such notice
is conditioned upon the effectiveness of other transactions, in which case such notice may be revoked by the Lead Borrower (by
notice to the Administrative Agent on or prior to the specified effective date) if such condition is not satisfied. Promptly following
receipt of any such notice relating to any Borrowing, the Administrative Agent shall advise the relevant Lenders of the contents
thereof. Each partial prepayment of any Borrowing shall be in an amount at least equal to the amount that would be permitted in
the case of an advance of a Borrowing of the same Type as provided in Section 2.02(c). Each prepayment of Term
Loans made pursuant to this Section 2.11(a) shall be applied against the remaining scheduled installments of principal due
in respect of the Term Loans of such Class in the



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 manner specified by the Lead Borrower or, if not so specified on or prior to
the date of such optional prepayment, in direct order of maturity. Each prepayment of Loans shall be made in the
currency in which such Loans are denominated.


(b)       Mandatory
Prepayments.


(i)       No
later than the fifth Business Day after the date on which the financial statements with respect to each Fiscal Year of the Lead
Borrower are required to be delivered pursuant to Section 5.01(b), commencing with the Fiscal Year ending September 30, 2022,
the Lead Borrower shall prepay the outstanding principal amount of Initial Term Loans in accordance with clause (vi) of this
Section 2.11(b) below in an aggregate principal amount equal to (A) the ECF Percentage of Excess Cash Flow of the Lead Borrower
and its Restricted Subsidiaries for the Fiscal Year then ended, minus (B) at the option of the Lead Borrower, the aggregate
principal amount of (x) any Term Loans, Revolving Loans or Additional Revolving Loans prepaid pursuant to Section 2.11(a)
prior to such date, (y) the amount of any reduction in the outstanding amount of any Term Loans resulting from any assignment
made in accordance with Section 9.05(g) of this Agreement (including in connection with any Dutch Auction), in each case under
this clause (y) prior to such date and based upon the actual amount of Cash paid in connection with the relevant assignment
and (z) the amount of any voluntary prepayments, voluntary repurchases or voluntary redemptions of any Other Indebtedness that
is secured by the Collateral on a pari passu basis with the Obligations prior to such date, in each case, excluding any such optional
prepayments made during such Fiscal Year that reduced the amount required to be prepaid pursuant to this Section 2.11(b)(i)
in the prior Fiscal Year (in the case of any prepayment of Revolving Loans and/or Additional Revolving Loans, to the extent accompanied
by a permanent reduction in the relevant commitment, and in the case of all such prepayments, to the extent that such prepayments
were not financed with the proceeds of long-term Indebtedness (other than revolving Indebtedness) of the Lead Borrower or its Restricted
Subsidiaries), minus (C) without duplication of amounts deducted from Excess Cash Flow in respect of a prior period, all
Cash payments in respect of capital expenditures made during such period and, at the option of the Lead Borrower, any Cash payments
in respect of any such capital expenditures made after such period and prior to the date of the applicable Excess Cash Flow payment
(except, in each case, to the extent financed with long-term Indebtedness (other than revolving Indebtedness)), minus (D)
Cash payments made during such period in respect of Permitted Acquisitions and other Investments permitted by Section 6.06
or otherwise consented to by the Required Lenders (other than Investments in (x) Cash and Cash Equivalents and (y) the
Lead Borrower or any of its Restricted Subsidiaries), or, at the option of the Lead Borrower, any Cash payments in respect of Permitted
Acquisitions and other Investments permitted by Section 6.06 or otherwise consented to by the Required Lenders (other than
Investments in (x) Cash and Cash Equivalents and (y) the Lead Borrower or any of its Restricted Subsidiaries) made after
such period and prior to the date of the applicable Excess Cash Flow payment (except, in each case, to the extent financed with
long-term Indebtedness (other than revolving Indebtedness)) (such amount, that is required to be prepaid pursuant to this Section
2.11(b)(i), after giving effect to such calculation in clauses (A) through (D), the “Required ECF Amount”); provided
that, (1) no prepayment under this Section 2.11(b)(i) shall be required to the extent that the Required ECF Amount would not
exceed the greater of $35,000,000 and 5% of Consolidated Adjusted EBITDA of the last day of the most recently ended Test Period
(and only the amount in excess of such threshold shall be required to be prepaid under this Section 2.11(b)(i)), (2) at the Lead
Borrower’s option, the amount by which the threshold specified in clause (1) exceeds the Required ECF Amount may be applied
to any subsequent Fiscal Year to reduce the Required ECF Amount for such fiscal year on a dollar-for-dollar basis; provided,
further, that if at the time any such prepayment would be required, the Lead Borrower (or any other Loan Party) is also required
to, or is required to offer to, prepay or repurchase any Indebtedness permitted hereunder to be secured on a pari passu basis
with the Obligations pursuant to the terms of the



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 documentation governing such Indebtedness (such Indebtedness required to be offered
to be so repaid or repurchased, the “Other Applicable Indebtedness”) with any portion of the amount required to be
prepaid pursuant to this Section 2.11(b)(i), then the Lead Borrower may apply such portion of such prepayment amount on a pro
rata basis to the prepayment of the Initial Term Loans and the relevant Other Applicable Indebtedness at such time) to the
prepayment of the Initial Term Loans and the relevant Other Applicable Indebtedness, (and such amounts so offered, in any case,
shall no longer be required to be applied to prepay the Initial Term Loans).


(ii)       No
later than the fifth Business Day following the receipt of Net Proceeds in respect of any Prepayment Asset Sale by the Lead Borrower
or the other Loan Parties, in each case, in excess of the greater of $70,000,000 or 10% of Consolidated Adjusted EBITDA as of the
last day of the most recently ended Test Period, the Lead Borrower shall apply an amount equal to 100% (the “Prepayment
Percentage”) of the Net Proceeds received with respect thereto in excess of such threshold (the “Subject Proceeds”)
to prepay the outstanding principal amount of Initial Term Loans in accordance with clause (vi) below; provided that
if, prior to the date any such prepayment is required to be made, the Lead Borrower decides to reinvest the Subject Proceeds in
assets used or useful in the business (other than Cash or Cash Equivalents) of the Lead Borrower or any of its subsidiaries (including
capital expenditures and Permitted Acquisitions or other Investments), then the Lead Borrower shall not be required to make a mandatory
prepayment under this clause (ii) in respect of the Subject Proceeds to the extent (A) the Subject Proceeds are so reinvested
within 18 months following receipt thereof, (B) the Subject Proceeds are used to prepay Indebtedness incurred to fund
amounts and/or replenish cash so reinvested in assets used or useful in the business (other than Cash or Cash Equivalents) of the
Lead Borrower or any of its subsidiaries (including capital expenditures and Permitted Acquisitions or other Investments) during
the six month period prior to receipt of such Net Proceeds or (C) the Lead Borrower or any of its subsidiaries has committed
to so reinvest the Subject Proceeds during such 18-month period and the Subject Proceeds are so reinvested within six months
after the expiration of such 18-month period; provided, however, that if the Subject Proceeds have not
been so reinvested prior to the expiration of the applicable period, the Lead Borrower shall promptly prepay the outstanding principal
amount of Initial Term Loans with the Subject Proceeds not so reinvested as set forth above (without regard to the immediately
preceding proviso); provided, further, that if, at the time that any such prepayment would be required hereunder, the
Lead Borrower or any of its Restricted Subsidiaries is required to, or required to offer to, repay or repurchase any Other Applicable
Indebtedness, then the relevant Person may apply the Subject Proceeds on a pro rata basis to the prepayment of the Initial
Term Loans and to the repurchase or repayment of such Other Applicable Indebtedness (determined on the basis of the aggregate outstanding
principal amount of the Initial Term Loans, Additional Term Loans and Other Applicable Indebtedness (or accreted amount if such
Other Applicable Indebtedness is issued with original issue discount) at such time (and such amounts so offered, in any case, shall
no longer be required to be applied to prepay the Initial Term Loans); provided, further, that if at any time
during the 18 month reinvestment period specified above (or 24 month reinvestment period, if applicable), (I) the First Lien Net
Leverage Ratio calculated on a Pro Forma Basis as of the last day of any Test Period ending during such period (giving pro forma
effect to the payment required hereby) is less than or equal to 2.75 to 1.00, but greater than 2.25 to 1.00,
the Prepayment Percentage shall be reduced to 50%, and only 50% of the Subject Proceeds that are not reinvested will be required
to be prepaid pursuant to this Section 2.11(b)(ii) and (II) if the First Lien Net Leverage Ratio calculated on a Pro Forma Basis
as of the last day of any Test Period ending during such period (giving pro forma effect to the payment required hereby) is less
than or equal to 2.25 to 1.00, the Prepayment Percentage shall be reduced to 0%, and no Subject Proceeds will be required
to be prepaid pursuant to this Section 2.11(b)(ii). 



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(iii)       In
the event that the Lead Borrower or any of its Restricted Subsidiaries receives Net Proceeds from the issuance or incurrence of
Indebtedness by the Lead Borrower or any of its Restricted Subsidiaries (other than with respect to Indebtedness permitted under
Section 6.01, except to the extent the relevant Indebtedness constitutes Refinancing Indebtedness incurred to refinance all
or a portion of the Term Loans pursuant to Section 6.01(p) or Replacement Term Loans incurred to refinance Term Loans in accordance
with the requirements of Section 9.02(c)), the Lead Borrower shall, substantially simultaneously with (and in any event not
later than the next succeeding Business Day) the receipt of such Net Proceeds by the Lead Borrower or its applicable Restricted
Subsidiary, apply an amount equal to 100% of such Net Proceeds to prepay the outstanding principal amount of Term Loans in
accordance with clause (vi) below.


(iv)       Notwithstanding
anything in this Section 2.11(b) to the contrary, (A) the Lead Borrower shall not be required to prepay any amount that
would otherwise be required to be paid pursuant to Section 2.11(b)(i) or (ii) above to the extent that the relevant Excess
Cash Flow is generated by any Foreign Subsidiary or the relevant Prepayment Asset Sale is consummated by any Foreign Subsidiary,
as the case may be, for so long as the repatriation to the Lead Borrower of any such amount would be prohibited under any Requirement
of Law or conflict with the fiduciary duties of such Foreign Subsidiary’s directors, or result in, or could reasonably be
expected to result in, a material risk of personal or criminal liability for any officer, director, employee, manager, member of
management or consultant of such Foreign Subsidiary (the Lead Borrower hereby agreeing to cause the applicable Foreign Subsidiary
to promptly take all commercially reasonable actions required by applicable Requirements of Law to permit such repatriation);
it being understood that once the repatriation of the relevant affected Subject Proceeds or Excess Cash Flow, as the case may be,
is permitted under the applicable Requirement of Law and, to the extent applicable, would no longer conflict with the fiduciary
duties of such director, or result in, or could reasonably be expected to result in, a material risk of personal or criminal liability
for the Persons described above, the relevant Foreign Subsidiary will promptly repatriate the relevant Subject Proceeds or Excess
Cash Flow, as the case may be, and the repatriated Subject Proceeds or Excess Cash Flow, as the case may be, will be promptly (and
in any event not later than two Business Days after such repatriation) applied (net of additional Taxes payable or reserved against
as a result thereof) to the repayment of the Initial Term Loans pursuant to this Section 2.11(b) to the extent required herein
(without regard to this clause (iv)) and (B) if the Lead Borrower determines in good faith that the repatriation to the
Lead Borrower of any amounts required to mandatorily prepay the Term Loans pursuant to Section 2.11(b)(i) or (ii) above
would result in material and adverse tax consequences, taking into account any foreign tax credit or benefit actually realized
in connection with such repatriation (such amount, a “Restricted Amount”), as reasonably determined by the Lead Borrower,
the amount the Lead Borrower shall be required to mandatorily prepay pursuant to Section 2.11(b)(i) or (ii) above, as
applicable, shall be reduced by the Restricted Amount until such time as it may repatriate to the Lead Borrower the Restricted
Amount without incurring such material and adverse tax liability; provided that, if within 365 days of such determination,
to the extent that the repatriation of any Subject Proceeds or Excess Cash Flow from the relevant Foreign Subsidiary would no longer
have an adverse tax consequence, an amount equal to the Subject Proceeds or Excess Cash Flow, as applicable, not previously applied
pursuant to preceding clause (B), shall be promptly applied to the repayment of the Term Loans pursuant to Section 2.11(b)
as otherwise required above (without regard to this clause (iv));


(v)       Each
Lender may elect, by notice to the Administrative Agent at or prior to the time and in the manner specified by the Administrative
Agent, prior to any prepayment of Term Loans required to be made by the Lead Borrower pursuant to this Section 2.11(b), to
decline all (but not a portion) of its Applicable Percentage of such prepayment (such declined amounts, solely to the extent not
applied to any other Indebtedness of the Lead Borrower or its subsidiaries as a mandatory prepayment of such Indebtedness, the



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“Declined Proceeds”), in which case such Declined Proceeds may be retained by the Lead Borrower; provided that,
for the avoidance of doubt, no Lender may reject any prepayment made under Section 2.11(b)(iii) above to the extent that such
prepayment is made with the Net Proceeds of Refinancing Indebtedness incurred to refinance all or a portion of the Term Loans pursuant
to Section 6.01(p) or Replacement Term Loans incurred to refinance Term Loans in accordance with the requirements of Section 9.02(c).
If any Lender fails to deliver a notice to the Administrative Agent of its election to decline receipt of its Applicable Percentage
of any mandatory prepayment within the time frame specified by the Administrative Agent, such failure will be deemed to constitute
an acceptance of such Lender’s Applicable Percentage of the total amount of such mandatory prepayment of Term Loans.


(vi)       Except
as may otherwise be set forth in any amendment to this Agreement in connection with any Additional Term Loan, (A) each prepayment
of Term Loans pursuant to this Section 2.11(b) shall be applied ratably to each Class of Term Loans (based upon the then outstanding
principal amounts of the respective Classes of Term Loans) (provided that any prepayment of Term Loans constituting
Refinancing Indebtedness incurred to refinance all or a portion of the Term Loans pursuant to Section 6.01(p) or Replacement
Term Loans incurred to refinance Term Loans in accordance with the requirements of Section 9.02(c) shall be applied solely
to each applicable Class of refinanced or replaced Term Loans), (B) with respect to each Class of Term Loans, all accepted
prepayments under Section 2.11(b)(i), (ii) or (iii) shall be applied against the remaining scheduled installments
of principal due in respect of the Term Loans as directed by the Lead Borrower (or, in the absence of direction from the Lead Borrower,
to the remaining scheduled amortization payments in respect of the Term Loans in direct order of maturity), and (C) each such
prepayment shall be paid to the Term Lenders in accordance with their respective Applicable Percentages. The amount of such mandatory
prepayments shall be applied on a pro rata basis to the then outstanding Term Loans being prepaid irrespective of whether
such outstanding Loans are ABR Loans or Eurocurrency Rate Loans; provided that the amount thereof shall be applied
first to ABR Loans to the full extent thereof before application to the Eurocurrency Rate Loans in a manner that minimizes the
amount of any payments required to be made by the Lead Borrower pursuant to Section 2.16. Any prepayment of Initial Term Loans
made on or prior to the date that is six months after the First Amendment Effective Date pursuant to Section 2.11(b)(iii)
as part of a Repricing Transaction shall be accompanied by the fee set forth in Section 2.12(f).


(i)       [reserved].


(ii)       [reserved].


(iii)       [reserved].


(iv)       [reserved];


(v)       [reserved].


(vi)       [reserved].



(vii)       In
the event that the Aggregate Dollar Revolving Credit Exposure exceeds the Total Dollar Revolving Credit Commitment then in effect,
the Lead Borrower shall, within five Business Days of receipt of notice from the Administrative Agent, prepay the Dollar Revolving
Loans and/or reduce the Dollar LC Exposure in an aggregate amount sufficient to reduce such Aggregate Dollar Revolving Credit Exposure
as of the date of such payment to an amount not to exceed the Total Dollar Revolving Credit Commitment then in effect by taking
any of the following actions as it shall determine at its sole discretion: (A) prepayment of Dollar Revolving Loans or (B) with
respect to the excess Dollar LC Exposure, deposit of Cash in the LC Collateral 



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Account or “backstopping” or replacement
of the relevant Dollar Letters of Credit, in each case, in an amount equal to 100% of such excess Dollar LC Exposure (minus
the amount then on deposit in the LC Collateral Account). In the event that the Aggregate Multicurrency Revolving Credit Exposure
exceeds the Total Multicurrency Revolving Credit Commitment then in effect, the Lead Borrower shall, within five Business Days
of receipt of notice from the Administrative Agent, prepay the Multicurrency Revolving Loans and/or reduce the Multicurrency LC
Exposure in an aggregate amount sufficient to reduce such Aggregate Multicurrency Revolving Credit Exposure as of the date of such
payment to an amount not to exceed the Total Multicurrency Revolving Credit Commitment then in effect by taking any of the following
actions as it shall determine at its sole discretion: (A) prepayment of Multicurrency Revolving Loans or (B) with respect
to the excess Multicurrency LC Exposure, deposit of Cash in the Multicurrency LC Collateral Account or “backstopping”
or replacement of the relevant Multicurrency Letters of Credit, in each case, in an amount equal to 100% of such excess Multicurrency
LC Exposure (minus the amount then on deposit in the LC Collateral Account).


(viii)       At
the time of each prepayment required under Section 2.11(b)(i), (ii) or (iii), the Lead Borrower shall deliver to the
Administrative Agent a certificate in the form of Exhibit H hereto signed by a Responsible Officer of the Lead Borrower setting
forth in reasonable detail the calculation of the amount of such prepayment. Each such certificate shall specify the Borrowings
being prepaid and the principal amount of each Borrowing (or portion thereof) to be prepaid. Prepayments shall be accompanied by
accrued interest as required by Section 2.13. All prepayments of Borrowings under this Section 2.11(b) shall be subject
to Section 2.16 and, in the case of prepayments under clause (iii) above as part of a Repricing Transaction, Section 2.12(f),
but shall otherwise be without premium or penalty.


Section 2.12     Fees.


(a)       The
Lead Borrower agrees to pay to the Administrative Agent for the account of each Revolving Lender (other than any Defaulting Lender)
a commitment fee, which shall accrue at a rate equal to the applicable Commitment Fee Rate per annum on the average daily amount
of the Unused Dollar Revolving Credit Commitment and Unused Multicurrency Revolving Credit Commitment of such Revolving Lender
during the period from and including the Closing Date to the date on which such Lender’s Revolving Credit Commitments terminate.
Accrued commitment fees shall be payable in arrears on the last Business Day of each March, June, September and December for the
quarterly period then ended (commencing on September 30, 2020) and on the date on which the Revolving Credit Commitments terminate.


(b)       Subject
to Section 2.21, the Lead Borrower agrees to pay (i) to the Administrative Agent for the account of each Revolving
Lender a participation fee with respect to its participation in each Letter of Credit, which shall accrue at the Applicable Rate
used to determine the interest rate applicable to Eurocurrency Revolving Loans denominated in U.S. Dollars or the Dollar Equivalent
of the daily face amount of such Lender’s LC Exposure in respect of such Letter of Credit (excluding any portion thereof
attributable to unreimbursed LC Disbursements), during the period from and including the Closing Date to the later of the date
on which such Revolving Lender’s Revolving Credit Commitment terminates and the date on which such Revolving Lender ceases
to have any LC Exposure in respect of such Letter of Credit and (ii) to each Issuing Bank, for its own account, a fronting
fee, in respect of each Letter of Credit issued by such Issuing Bank for the period from the date of issuance of such Letter of
Credit to the expiration date of such Letter of Credit (or if terminated on an earlier date, to the termination date of such Letter
of Credit), computed at a rate equal to 0.125% per annum or such lower rate agreed by such Issuing Bank and the Lead Borrower
of the Dollar Equivalent of the daily face amount of such Letter of Credit, as well as such Issuing Bank’s standard fees
with respect to the issuance, amendment, renewal or extension of any Letter of Credit or processing of drawings thereunder. Participation
fees and fronting fees accrued to and including the last Business Day of each March, June, September and December shall be payable
in arrears for the quarterly period then ended on the last Business Day of such calendar quarter; provided that all
such fees shall be payable on the date on which the Revolving Credit Commitments terminate, and any such fees accruing after the
date on which the Revolving Credit Commitments terminate shall be payable on demand. Any other fees payable to any Issuing Bank
pursuant to this paragraph shall be payable within 30 days after receipt of a written demand (accompanied by reasonable
back-up documentation) therefor.



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(c)       The
amount and timing of payments of fees in respect of any Ancillary Facility will be agreed by the relevant Ancillary Lender and
the Lead Borrower under such Ancillary Facility based on market rates and terms.


(d)       The
Lead Borrower agrees to pay to the Administrative Agent, for its own account, the fees in the amounts and at the times separately
agreed upon by the Lead Borrower and the Administrative Agent in writing.


(e)       All
fees payable hereunder shall be paid on the dates due, in U.S. Dollars and in immediately available funds, to the Administrative
Agent (or to the applicable Issuing Bank, in the case of fees payable to it) for distribution, in the case of commitment fees and
participation fees, to the Revolving Lenders. Fees paid shall not be refundable under any circumstances. Fees payable hereunder
shall accrue through and including the last day of the month immediately preceding the applicable fee payment date.


(f)       In
the event that, prior to the date that is six (6) months after the First Amendment Effective Date, the Lead Borrower (x) prepays,
repays, refinances, substitutes or replaces any Initial Term Loans in connection with a Repricing Transaction (including, for the
avoidance of doubt, any prepayment made pursuant to Section 2.11(b)(iii) that constitutes a Repricing Transaction), or (y) effects
any amendment, modification or waiver of, or consent under, this Agreement resulting in a Repricing Transaction, the Lead Borrower
shall pay to the Administrative Agent, for the ratable account of each of the applicable Term Lenders, (I) in the case of
clause (x), a premium of 1.00% of the aggregate principal amount of the Initial Term Loans so prepaid, repaid, refinanced,
substituted or replaced and (II) in the case of clause (y), a fee equal to 1.00% of the aggregate principal amount
of the Initial Term Loans that are the subject of such Repricing Transaction outstanding immediately prior to such amendment. If,
prior to the date that is six (6) months after the First Amendment Effective Date, all or any portion of the Initial Term Loans
held by any Term Lender are prepaid, repaid, refinanced, substituted or replaced pursuant to Section 2.19(b)(iv) as a result
of, or in connection with, such Term Lender not agreeing or otherwise consenting to any waiver, consent, modification or amendment
referred to in clause (y) above (or otherwise in connection with a Repricing Transaction), such prepayment, repayment, refinancing,
substitution or replacement will be made at 101% of the principal amount so prepaid, repaid, refinanced, substituted or replaced.
All such amounts shall be due and payable on the date of effectiveness of such Repricing Transaction.


(fg)     Unless
otherwise indicated herein, all computations of fees shall be made on the basis of a 360-day year and shall be payable for
the actual days elapsed (including the first day but excluding the last day). Each determination by the Administrative Agent of
a fee hereunder shall be conclusive and binding for all purposes, absent manifest error.


Section 2.13     Interest.


(a)       The
Term Loans and Revolving Loans denominated in U.S. Dollars
comprising each ABR Borrowing shall bear interest at the Alternate Base Rate plus the Applicable Rate.


(b)       The
Term Loans and Revolving Loans denominated in U.S. Dollars
or any Alternative Currency (other than Canadian Dollars or Euros) comprising each LIBO Rate Borrowing shall bear interest at the
LIBO Rate for the Interest Period in effect for such Borrowing plus the Applicable Rate.


(c)       The
Revolving Loans denominated in Euros shall bear interest at the LIBO Rate plus the Applicable Rate.


(d)       The
Revolving Loans denominated in Canadian Dollars comprising each Canadian Base Rate Borrowing shall bear interest at the Canadian
Base Rate plus the Applicable Rate.


(e)       The
Revolving Loans denominated in Canadian Dollars comprising Canadian BA Rate Borrowing shall bear interest at the BA Rate plus
the Applicable Rate.



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(f)       Notwithstanding
the foregoing and subject to Section 2.21, if any principal of or interest on any Term
Loan, Revolving Loan or Additional Loan, any LC Disbursement or any fee payable by the Lead Borrower hereunder is
not, in each case, paid or reimbursed when due, whether at stated maturity, upon acceleration or otherwise, the relevant overdue
amount shall bear interest, to the fullest extent permitted by law, after as well as before judgment, at a rate per annum equal
to (i) in the case of overdue principal of any Initial Term
Loan, Revolving Loan, Additional Loan, 2.00% plus the Eurocurrency Rate otherwise applicable to such Initial
Term Loan, Revolving Loan or Additional Loan as provided in the preceding paragraphs of this Section 2.13,
Section 2.05(h) or in the amendment to this Agreement relating thereto or (ii) in the case of any other amount,
2.00% plus the rate applicable to Revolving Loans denominated in U.S. Dollars that are ABR Loans as provided in paragraph (a)
of this Section 2.13; provided that no amount shall accrue pursuant to this Section 2.13(f)
on any overdue amount, reimbursement obligation in respect of any LC Disbursement or other amount payable to a Defaulting Lender
so long as such Lender is a Defaulting Lender.


(g)       Accrued
interest on each Initial Term Loan, Revolving Loan
or Additional Loan shall be payable in arrears on each Interest Payment Date for such Initial
Term Loan, Revolving Loan or Additional Loan and on the Maturity Date or upon the termination of the Revolving Credit
Commitments or any Additional Commitments, as applicable; provided that (i) interest accrued pursuant to paragraph (f)
of this Section 2.13 shall be payable on demand, (ii) in the event of any repayment or prepayment of any Initial
Term Loan, Revolving Loan or Additional Loan (other than a prepayment of an ABR Revolving Loan prior to the termination
of the relevant revolving commitments), accrued interest on the principal amount repaid or prepaid shall be payable on the date
of such repayment or prepayment and (iii) in the event of any conversion of any Eurocurrency Rate Loan prior to the end of
the current Interest Period therefor, accrued interest on such Initial
Term Loan, Revolving Loan or Additional Loan shall be payable on the effective date of such conversion.


(h)       All
interest hereunder shall be computed on the basis of a year of 360 days, except that interest computed for ABR Loans
denominated in U.S. Dollars based on the Prime Rate and/or Canadian Base Rate Loans based on the prime rate for Canadian Dollar
Loans specified in paragraph (x) of the definition thereof and/or Eurocurrency Rate Loans denominated in Pounds Sterling shall
be computed on the basis of a year of 365 days (or 366 days in a leap year), and in each case shall be payable
for the actual number of days elapsed (including the first day but excluding the last day). The applicable Alternate Base Rate,
Canadian Base Rate or Eurocurrency Rate shall be determined by the Administrative Agent, and such determination shall be conclusive
absent manifest error. Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan,
or any portion thereof, for the day on which the Loan or such portion is paid; provided that any Loan that is repaid
on the same day on which it is made shall bear interest for one day; provided, further that, in the case of
any Alternate Base Rate Loan, and/or Canadian Base Rate Loan, interest shall accrue through and including the last day of the month
preceding the applicable Interest Payment Date.


(i)       For
purposes of the Interest Act (Canada), (i) whenever any interest or fee under this Agreement or in any other Loan Document
and payable by the Lead Borrower with respect to Loans denominated in Canadian Dollars is calculated using a rate based on a year
of 360 days, 365 days or 366 days, as the case may be, the rate determined pursuant to such calculation,
when expressed as an annual rate, is equivalent to (x) the applicable rate based on a year of 360 days, 365 days
or 366 days, as the case may be, (y) multiplied by the actual number of days in the calendar year in which the period
for which such interest or fee is payable (or compounded) ends, and (z) divided by 360, 365 or 366, as the case
may be, (ii) the principle of deemed reinvestment of interest does not apply to any interest calculation under this Agreement,
and (iii) the rates of interest stipulated in this Agreement are intended to be nominal rates and not effective rates or yields.


(j)       The
rate and time of payment of interest with respect to any Ancillary Facility shall be determined by agreement between the relevant
Ancillary Lender and the relevant Revolving Facility Borrower under such Ancillary Facility based on normal market rates and terms.


(k)       Each
Borrower acknowledges that there is a material distinction between the nominal and effective rates of interest and that it is capable
of making the calculations necessary to compare such rates and that the calculations herein are to be made using the nominal rate
method and not the basis of effective yearly rates of or any basis that gives effect to the principle of deemed reinvestment of
interest. Each Borrower confirms that it fully understands and is able to calculate the rate of interest applicable to the Advances
based on the methodology for



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calculating annual rates provided for in this Agreement. Each Borrower hereby irrevocably agrees not
to plead or assert, whether by way of defence or otherwise, in any proceeding relating to this Agreement or any other Loan Document,
that the interest payable under this Agreement and the calculation thereof has not been adequately disclosed to each Borrower as
required pursuant to Section 4 of the Interest Act (Canada). The Administrative Agent agrees that if requested in writing
by the Lead Borrower it shall calculate the nominal and effective per annum rate of interest on any Advance outstanding at any
time and provide such information to the Lead Borrower promptly following such request; provided that any error in any such calculation,
or any failure to provide such information on request, shall not relieve any Borrower of any of its obligations under this Agreement
or any other Loan Document, nor result in any liability to the Administrative Agent.


(l)       Any
provision of this Agreement that would oblige a Loan Party incorporated or otherwise organized under the laws of Canada or any
province or territory thereof to pay any fine, penalty or rate of interest on any arrears of principal or interest secured by a
mortgage on real property or hypothec on immovables that has the effect of increasing the charge on arrears beyond the rate of
interest payable on principal money not in arrears shall not apply to such Loan Party, which shall be required to pay interest
on money in arrears at the same rate of interest payable on principal money not in arrears.


(m)       If
any provision of this Agreement would oblige a Loan Party incorporated or otherwise organized under the laws of Canada or any province
or territory thereof to make any payment of interest or other amount payable to any Secured Party in an amount or calculated at
a rate which would be prohibited by any Applicable Law or would result in a receipt by that Secured Party of “interest”
at a “criminal rate” (as such terms are construed under the Criminal Code (Canada)), then, notwithstanding such
provision, such amount or rate shall be deemed to have been adjusted with retroactive effect to the maximum amount or rate of interest,
as the case may be, as would not be so prohibited by applicable law or so result in a receipt by that Secured Party of “interest”
at a “criminal rate”, such adjustment to be effected, to the extent necessary (but only to the extent necessary), as
follows:


(i)       first,
by reducing the amount or rate of interest required to be paid to the affected Secured Party; and


(ii)       thereafter,
by reducing any fees, commissions, costs, expenses, premiums and other amounts required to be paid to the affected Secured Party
which would constitute interest for purposes of section 347 of the Criminal Code (Canada).


Section 2.14     Alternate Rate of
Interest.


(a)       If
at least two Business Days prior to the commencement of any Interest Period for a Eurocurrency Rate Borrowing (other than with
respect to the BA Rate):


(i)       the
Administrative Agent determines (which determination shall be conclusive absent manifest error) that adequate and reasonable means
do not exist for ascertaining the LIBO Rate for such Interest Period; or


(ii)       the
Administrative Agent is advised by the Required Lenders that the LIBO Rate or for such Interest Period will not adequately and
fairly reflect the cost to such Lenders of making or maintaining their Loans included in such Borrowing for such Interest Period;


then the Administrative Agent shall promptly give notice
thereof to the Lead Borrower and the Lenders by telephone or facsimile or other electronic transmission as promptly as practicable
thereafter and, until the Administrative Agent notifies the Lead Borrower and the Lenders that the circumstances giving rise to
such notice no longer exist, which the Administrative Agent agrees promptly to do, (i) any Interest Election Request that
requests the conversion of any Borrowing to, or continuation of any Borrowing as a Eurocurrency Rate Borrowing shall be ineffective
and such Borrowing shall (x) if denominated in U.S. Dollars or Canadian Dollars, be converted to an ABR Borrowing on
the last day of the Interest Period applicable thereto or (y) if denominated in any other currency, be converted into a Daily
Rate Borrowing on the last day of the Interest Period applicable thereto, and (ii) if any Borrowing Request requests a Eurocurrency
Rate Borrowing, such Borrowing shall (x) if denominated in U.S. Dollars or Canadian 



    	 	-87-	 



     


    

 


Dollars, be made as an ABR Borrowing
or a Canadian Base Rate Borrowing, as applicable or (y) if denominated in any other currency, be made as a Daily Rate Borrowing.


(b)       If
the Administrative Agent determines (which determination shall be conclusive absent manifest error), or the Lead Borrower or the
Required Lenders notify the Administrative Agent that the Lead Borrower or Required Lenders (as applicable) have determined that:


(i)       adequate
and reasonable means do not exist for ascertaining CDOR, including because the CDOR Page is not available or published on a current
basis for the applicable period and such circumstances are unlikely to be temporary;


(ii)       the
administrator of CDOR or a Governmental Authority having jurisdiction has made a public statement identifying a specific date after
which the will permanently or indefinitely cease to be made available or permitted to be used for determining the interest rate
of loans;


(iii)       a
Governmental Authority having jurisdiction over the Administrative Agent has made a public statement identifying a specific date
after which CDOR shall no longer be permitted to be used for determining the interest rate of loans (each such specific date in
clause (ii) above and in this clause (iii) a “CDOR Scheduled Unavailability Date”);


(iv)       syndicated
loans currently being executed, or that include language similar to that contained in this Section 2.14, are being executed or
amended (as applicable) to incorporate or adopt a new benchmark interest rate to replace CDOR;


then reasonably promptly after such determination
by the Administrative Agent or receipt by the Administrative Agent of such notice, as applicable, the Administrative Agent and
the Lead Borrower may mutually agree upon a successor rate to CDOR, and the Administrative Agent and the Lead Borrower may amend
this Agreement to replace CDOR with an alternate benchmark rate (including any mathematical or other adjustments to the benchmark
(if any) incorporated therein), giving due consideration to any evolving or then existing convention for similar Canadian Dollars
denominated syndicated credit facilities for such alternative benchmarks (any such proposed rate, a “CDOR Successor Rate”),
together with any proposed CDOR Successor Rate conforming changes and any such amendment shall become effective at 5:00 p.m. (Toronto
time) on the fifth Business Day after the Administrative Agent shall have posted such proposed amendment to all Lenders and the
Lead Borrower unless, prior to such time, Lenders comprising the Required Lenders have delivered to the Administrative Agent written
notice that such Required Lenders do not accept such amendment.


(c)       If
no CDOR Successor Rate has been determined and the circumstances under Section 2.14(b)(i) above exist or a CDOR Scheduled Unavailability
Date has occurred (as applicable), the Administrative Agent will promptly so notify the Lead Borrower and each Lender. Thereafter,
the obligation of the Lenders to make or maintain BA Rate Loans, shall be suspended (to the extent of the affected BA Rate Loans,
or applicable periods). Upon receipt of such notice, the Lead Borrower may revoke any pending request for an Borrowing of, the
conversion of any Borrowing to, or continuation of any Borrowing as a BA Rate Loan (to the extent of the affected BA Rate Loans,
or applicable periods) or, failing that, will be deemed to have converted such request into a request for an Canadian Base Rate
Borrowing in the amount specified therein.


(d)       Notwithstanding
anything else herein, any definition of the CDOR Successor Rate (exclusive of any margin) shall provide that in no event shall
such CDOR Successor Rate be less than 0.75% for the purposes of this Agreement. In addition, CDOR shall not be included or referenced
in the definition of Canadian Base Rate.


Section 2.15     Increased Costs.


(a)       If
any Change in Law:



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(i)       imposes,
modifies or deems applicable any reserve, special deposit or similar requirement against assets of, deposits with or for the account
of, or credit extended by, any Lender (except any such reserve requirement reflected in the Eurocurrency Rate) or Issuing Bank,


(ii)       subjects
any Lender or Issuing Bank to any Taxes (other than Indemnified Taxes, Other Taxes and Excluded 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)       imposes
on any Lender or Issuing Bank or the London interbank market any other condition affecting this Agreement or Eurocurrency Rate
Loans made by any Lender or any Letter of Credit or participation therein,


and the result of any of the foregoing is to increase the
cost to the relevant Lender of making or maintaining any Eurocurrency Rate Loan (or of maintaining its obligation to make any such
Loan) or to increase the cost to such Lender or Issuing Bank of participating in, issuing or maintaining any Letter of Credit or
funding or maintaining any Ancillary Commitment or to reduce the amount of any sum received or receivable by such Lender or Issuing
Bank hereunder (whether of principal, interest or otherwise) in respect of any Eurocurrency Rate Loan or Letter of Credit in an
amount deemed by such Lender or Issuing Bank to be material, then, within 30 days after the Lead Borrower’s receipt
of the certificate contemplated by paragraph (c) of this Section 2.15, the Lead Borrower will pay to such
Lender or Issuing Bank, as applicable, such additional amount or amounts as will compensate such Lender or Issuing Bank, as applicable,
for such additional costs incurred or reduction suffered; provided that the Lead Borrower shall not be liable for such
compensation if (x) the relevant Change in Law occurs on a date prior to the date such Lender becomes a party hereto, (y) such
Lender invokes Section 2.20 or (z) in the case of requests for reimbursement under clause (ii) above
resulting from a market disruption, (A) the relevant circumstances are not generally affecting the banking market or (B) the
applicable request has not been made by Lenders constituting Required Lenders.


(b)       If
any Lender or Issuing Bank determines that any Change in Law regarding liquidity or capital requirements has or would have the
effect of reducing the rate of return on such Lender’s or Issuing Bank’s capital or on the capital of such Lender’s
or Issuing Bank’s holding company, if any, as a consequence of this Agreement or the Loans made by, or participations in
Letters of Credit held by, such Lender, or the Letters of Credit issued by such Issuing Bank, to a level below that which such
Lender or such Issuing Bank or such Lender’s or such Issuing Bank’s holding company could have achieved but for such
Change in Law other than due to Taxes, which shall be dealt with exclusively pursuant to Section 2.17 (taking into
consideration such Lender’s or Issuing Bank’s policies and the policies of such Lender’s or such Issuing Bank’s
holding company with respect to liquidity and capital adequacy), then within 30 days of receipt by the Lead Borrower
of the certificate contemplated by paragraph (c) of this Section 2.15 the Lead Borrower will pay to such
Lender or such Issuing Bank, as applicable, such additional amount or amounts as will compensate such Lender or such Issuing Bank
or such Lender’s or such Issuing Bank’s holding company for any such reduction suffered.


(c)       A
certificate of a Lender or an Issuing Bank setting forth the amount or amounts necessary to compensate such Lender or Issuing Bank
or its holding company, as applicable, as specified in paragraph (a) or (b) of this Section 2.15
and setting forth in reasonable detail the manner in which such amount or amounts were determined and certifying that such Lender
is generally charging such amounts to similarly situated borrowers shall be delivered to the Lead Borrower and shall be conclusive
absent manifest error.


(d)       Failure
or delay on the part of any Lender or Issuing Bank to demand compensation pursuant to this Section 2.15 shall not constitute
a waiver of such Lender’s or Issuing Bank’s right to demand such compensation; provided that the Lead Borrower
shall not be required to compensate a Lender or an Issuing Bank pursuant to this Section 2.15 for any increased costs
or reductions incurred more than 180 days prior to the date that such Lender or Issuing Bank notifies the Lead Borrower
of the Change in Law giving rise to such increased costs or reductions and of such Lender’s or Issuing Bank’s intention
to claim compensation therefor; provided, further, that if the Change in Law giving rise to such increased costs
or reductions is retroactive, then the 180-day period referred to above shall be extended to include the period of retroactive
effect thereof.



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Section 2.16     Break Funding Payments.
In the event of (a) the conversion or prepayment of any principal of any Eurocurrency Rate Loan other than on the last day
of an Interest Period applicable thereto (whether voluntary, mandatory, automatic, by reason of acceleration or otherwise), (b) the
failure to borrow, convert, continue or prepay any Eurocurrency Rate Loan on the date or in the amount specified in any notice
delivered pursuant hereto, (c) the assignment of any Eurocurrency Rate Loan of any Lender other than on the last day of the
Interest Period applicable thereto as a result of a request by the Lead Borrower pursuant to Section 2.19 or (d) analogous
loss, cost or expense arising with respect to any Ancillary Facility on the basis of the nature of the credit extensions provided
for thereunder, then, in any such event, the Lead Borrower shall compensate each Lender for the loss, cost and expense incurred
by such Lender that is attributable to such event (other than loss of profit). In the case of a Eurocurrency Rate Loan, the loss,
cost or expense of any Lender shall be the amount reasonably determined by such Lender to be the excess, if any, of (i) the
amount of interest which would have accrued on the principal amount of such Loan had such event not occurred, at the Eurocurrency
Rate that would have been applicable to such Loan, for the period from the date of such event to the last day of the then current
Interest Period therefor (or, in the case of a failure to borrow, convert or continue, for the period that would have been the
Interest Period for such Loan), over (ii) the amount of interest which would accrue on such principal amount for such period
at the interest rate which such Lender would bid were it to bid, at the commencement of such period, for deposits in the applicable
currency of a comparable amount and period from other banks in the Eurodollar market; it being understood that such loss,
cost or expense shall in any case exclude any interest rate floor and all administrative, processing or similar fees. A certificate
of any Lender (i) setting forth any amount or amounts that such Lender is entitled to receive pursuant to this Section 2.16,
the basis therefor and, in reasonable detail, the manner in which such amount or amounts were determined and (ii) certifying
that such Lender is generally charging the relevant amounts to similarly situated borrowers shall be delivered to the Lead Borrower
and shall be conclusive absent manifest error. The Lead Borrower shall pay such Lender the amount shown as due on any such certificate
within 30 days after receipt thereof.


Section 2.17     Taxes.


(a)       Any
and all payments by or on account of any obligation of any Loan Party under any Loan Document shall be made free and clear of and
without deduction for any Taxes, except as required by applicable Requirements of Law. If any applicable Requirement of Law requires
the deduction or withholding of any Tax from any such payment, then (i) if such Tax is an Indemnified Tax and/or Other Tax,
the amount payable by the applicable Loan Party shall be increased as necessary so that after all required deductions and withholdings
have been made (including deductions and withholdings applicable to additional sums payable under this Section 2.17),
each Lender and each Issuing Bank (as applicable), or, in the case of any payment made to the Administrative Agent for its own
account, the Administrative Agent, receives an amount equal to the sum it would have received had no such deductions or withholdings
been made, (ii) the applicable withholding agent shall make such deductions and (iii) the applicable withholding agent
shall timely pay the full amount deducted to the relevant Governmental Authority in accordance with applicable Requirements of
Law.


(b)       In
addition, the Loan Parties shall pay any Other Taxes to the relevant Governmental Authority in accordance with applicable Requirements
of Law.


(c)       Each
Loan Party shall jointly and severally indemnify the Administrative Agent, each Lender and each Issuing Bank within 30 days
after written demand therefor, for the full amount of any Indemnified Taxes or Other Taxes payable or paid by the Administrative
Agent, such Lender or Issuing Bank, as applicable, on or with respect to any payment by or any payment on account of any obligation
of any Loan Party hereunder (including Indemnified Taxes or Other Taxes imposed or asserted on or attributable to amounts payable
under this Section 2.17) and any penalties (other than any penalties attributable to the gross negligence, bad faith
or willful misconduct of the Administrative Agent or such Lender or Issuing Bank), interest and, in each case, any reasonable expenses
arising therefrom or with respect thereto; provided that if such Loan Party reasonably believes that such Taxes were
not correctly or legally asserted, the Administrative Agent or such Lender or Issuing Bank, as applicable, will use reasonable
efforts to cooperate with such Loan Party to obtain a refund of such Taxes (which shall be repaid to such Loan Party in accordance
with Section 2.17(g)) so long as such efforts would not, in the sole determination of the Administrative Agent or such
Lender or Issuing Bank, result in any additional out­of­pocket costs or expenses not reimbursed by such Loan Party or be otherwise
materially disadvantageous to the Administrative Agent or such Lender or Issuing Bank, as applicable. In connection with any request
for



    	 	-90-	 



     


    

 


reimbursement under this Section 2.17(c), the relevant Lender, Issuing Bank or the Administrative Agent, as applicable,
shall deliver a certificate to the Lead Borrower (i) setting forth, in reasonable detail, the basis and calculation of the
amount of the relevant payment or liability and (ii) certifying that it is generally charging the relevant amounts to similarly
situated borrowers, which certificate shall be conclusive absent manifest error. Notwithstanding anything to the contrary contained
in this Section 2.17(c), the Loan Parties shall not be required to indemnify the Administrative Agent or any Lender
pursuant to this Section 2.17 for any Indemnified Taxes or Other Taxes incurred more than 180 days prior
to the date that the Administrative Agent or such Lender makes such written demand to the Loan Parties; provided, further,
that if such Indemnified Taxes or Other Taxes are imposed retroactively, the 180-day period referred to above shall be extended
to include the period of retroactive effect thereof.


(d)       Each
Lender and each Issuing Bank shall severally indemnify the Administrative Agent, within 30 days after demand therefor,
for (i) any Indemnified Taxes or Other Taxes imposed on or with respect to any payment under any Loan Document that is attributable
to such Lender or Issuing Bank (but only to the extent that no Loan Party has already indemnified the Administrative Agent for
such Indemnified Taxes or Other Taxes and without limiting the obligation of the Loan Parties to do so), (ii) any Taxes attributable
to such Lender’s or Issuing Bank’s failure to comply with the provisions of Section 9.05(c) relating to
the maintenance of a Participant Register and (iii) any Excluded Taxes attributable to such Lender or Issuing Bank, in each
case, that are payable or paid by the Administrative Agent in connection with any Loan Document and any reasonable expenses arising
therefrom or with respect thereto, whether or not such Taxes were correctly or legally imposed or asserted by the relevant Governmental
Authority. A certificate as to the amount of such payment or liability delivered to any Lender or Issuing Bank by the Administrative
Agent shall be conclusive absent manifest error. Each Lender and Issuing Bank hereby authorize the Administrative Agent to set
off and apply any and all amounts at any time owing to such Lender or Issuing Bank under any Loan Document or otherwise payable
by the Administrative Agent to any Lender or Issuing Bank under any Loan Document or otherwise payable by the Administrative Agent
to any Lender or Issuing Bank from any other source against any amount due to the Administrative Agent under this clause (d).


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


(f)       Status
of Lenders.


(i)       Any
Lender that is entitled to an exemption from or reduction of any withholding Tax with respect to any payments made under any Loan
Document shall deliver to the Lead Borrower and the Administrative Agent, at the time or times reasonably requested by the Lead
Borrower or the Administrative Agent, such properly completed and executed documentation as the Lead Borrower or the Administrative
Agent may reasonably request to permit such payments to be made without withholding or at a reduced rate of withholding. In addition,
any Lender, if reasonably requested by the Lead Borrower or the Administrative Agent, shall deliver such other documentation prescribed
by applicable Requirements of Law or reasonably requested by the Lead Borrower or the Administrative Agent as will enable the Lead
Borrower or the Administrative Agent to determine whether or not such Lender is subject to back-up 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 Section 2.17(f)(ii)(A), (B) and (D) below)
shall not be required if in the Lender’s reasonable judgment such completion, execution or submission would subject such
Lender to any material unreimbursed cost or expense or would materially prejudice the legal or commercial position of such Lender.


(ii)       Without
limiting the generality of the foregoing:


(A)       each
Lender that is not a Foreign Lender shall deliver to the Lead Borrower and the Administrative Agent on or prior to the date on
which such Lender



    	 	-91-	 



     


    

 


becomes a Lender under this Agreement (and from time to time thereafter upon the reasonable request of the Lead
Borrower or the Administrative Agent), two executed original copies of IRS Form W-9 certifying that such Lender is exempt
from U.S. federal back-up withholding tax;


(B)       each
Foreign Lender shall deliver to the Lead Borrower and the Administrative Agent (in such number of copies as shall be requested
by the recipient) on or prior to the date on which such Foreign Lender becomes a Lender under this Agreement (and from time to
time thereafter upon the reasonable request of the Lead Borrower or the Administrative Agent), whichever of the following is applicable:


(1)       in
the case of any Foreign Lender claiming the benefits of an income tax treaty to which the U.S. is a party (x) with respect
to payments of interest under any Loan Document, executed original copies of IRS Form W-8BEN or IRS Form W-8BEN-E establishing
an exemption from, or reduction of, U.S. federal withholding Tax pursuant to the “interest” article of such tax
treaty and (y) with respect to any other applicable payments under any Loan Document, IRS Form W-8BEN or IRS Form W-8BEN-E
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;


(2)       executed
original copies of IRS Form W-8ECI;


(3)       in
the case of any Foreign Lender claiming the benefits of the exemption for portfolio interest under Section 871(h) or 881(c)
of the Code, (x) a certificate substantially in the form of Exhibit L-1 to the effect that such Foreign Lender
is not a “bank” within the meaning of Section 881(c)(3)(A) of the Code, a “10 percent shareholder”
of the Lead 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
original copies of IRS Form W-8BEN or IRS Form W-8BEN-E; or


(4)       to
the extent any Foreign Lender is not the beneficial owner, executed original copies of IRS Form W-8IMY, accompanied by IRS
Form W-8ECI, IRS Form W-8BEN, IRS Form W-8BEN-E, a U.S. Tax Compliance Certificate substantially in the form
of Exhibit L-2 or Exhibit L-3, IRS Form W-9, and/or other certification documents from each beneficial
owner, as applicable; provided that if such Foreign Lender is a partnership and one or more partners of such Foreign
Lender are claiming the portfolio interest exemption, such Foreign Lender may provide a U.S. Tax Compliance Certificate substantially
in the form of Exhibit L-4 on behalf of each such partner;


(C)       each
Foreign Lender shall deliver to the Lead Borrower and the Administrative Agent (in such number of copies as shall be requested
by the recipient) on or prior to the date on which such Foreign Lender becomes a Lender under this Agreement (and from time to
time thereafter upon the reasonable request of the Lead Borrower or the Administrative Agent), executed original copies of any
other form prescribed by applicable Requirements of Law as a basis for claiming exemption from or a reduction in U.S. federal
withholding Tax, duly completed, together with such supplementary documentation as may be prescribed by applicable Requirements
of Law to permit the Lead Borrower or the Administrative Agent to determine the withholding or deduction required to be made;
and


(D)       if
a payment made to any Lender under any Loan Document would be subject to U.S. federal withholding Tax imposed by FATCA if
such Lender were to fail



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to comply with the applicable reporting requirements of FATCA (including those contained in Section 1471(b)
or 1472(b) of the Code, as applicable), such Lender shall deliver to the Lead Borrower and the Administrative Agent at the
time or times prescribed by applicable Requirements of Law and at such time or times reasonably requested by the Lead Borrower
or the Administrative Agent such documentation as is prescribed by applicable Requirements of Law (including as prescribed by Section 1471(b)(3)(C)(i)
of the Code) and may be necessary for the Lead Borrower and the Administrative Agent to comply with their obligations under FATCA,
to determine whether such Lender has complied with such Lender’s obligations under FATCA, or to determine the amount, if
any, to deduct and withhold from such payment.


Each Lender agrees that if any form or certification it previously
delivered expires or becomes obsolete or inaccurate in any respect, it shall update such form or certification or promptly notify
the Lead Borrower and the Administrative Agent in writing of its legal inability to do so. Notwithstanding anything to the contrary
in this Section 2.17(f), no Lender shall be required to provide any documentation that such Lender is not legally eligible
to deliver.


(g)       If
the Administrative Agent or any Lender or Issuing Bank determines, in its sole discretion exercised in good faith, that it has
received a refund of any Indemnified Taxes or Other Taxes as to which it has been indemnified by any Loan Party or with respect
to which such Loan Party has paid additional amounts pursuant to this Section 2.17, it shall pay over such refund to
such Loan Party (but only to the extent of indemnity payments made, or additional amounts paid, by such Loan Party under this Section 2.17
with respect to the Indemnified Taxes or Other Taxes giving rise to such refund), net of all out­of­pocket expenses of the Administrative
Agent, such Lender or Issuing Bank (including any Taxes imposed with respect to such refund), and without interest (other than
any interest paid by the relevant Governmental Authority with respect to such refund); provided that such Loan Party,
upon the request of the Administrative Agent, such Lender or Issuing Bank, agrees to repay the amount paid over to such Loan Party
(plus any penalties, interest or other charges imposed by the relevant Governmental Authority) to the Administrative Agent,
such Lender or Issuing Bank in the event the Administrative Agent, such Lender or Issuing Bank is required to repay such refund
to such Governmental Authority. Notwithstanding anything to the contrary in this paragraph (g), in no event shall the
Administrative Agent, any Issuing Bank or any Lender be required to pay any amount to a Loan Party pursuant to this paragraph (g)
to the extent that the payment thereof would place the Administrative Agent, such Issuing Bank or such Lender in a less favorable
net afterTax position than the position that the Administrative Agent, such Issuing Bank or such Lender would have been in if the
Tax subject to indemnification had not been deducted, withheld or otherwise imposed and the indemnification payments or additional
amounts giving rise to such refund had never been paid. This Section 2.17 shall not be construed to require the Administrative
Agent, any Lender or any Issuing Bank to make available its Tax returns (or any other information relating to its Taxes which it
deems confidential) to the relevant Loan Party or any other Person.


(h)       Survival.
Each party’s obligations under this Section 2.17 shall survive the resignation or replacement of the Administrative
Agent or any assignment of rights by, or the replacement of, any Lender, the termination of the Commitments and the repayment,
satisfaction or discharge of all obligations under any Loan Document.


(i)       For
the purposes of this Section 2.17, the term “Lender” shall include any Ancillary Lender.


Section 2.18     Payments Generally;
Allocation of Proceeds; Sharing of Payments.


(a)       Unless
otherwise specified, the Lead Borrower shall make each payment required to be made by it hereunder (whether of principal, interest,
fees or reimbursement of LC Disbursements or of amounts payable under Section 2.15, 2.16 or 2.17,
or otherwise) prior to the time expressed hereunder or under such Loan Document (or, if no time is expressly required, by 2:00
p.m.) on the date when due or, with respect to any borrowings and payments in any Alternative Currency, by the Applicable Time,
in immediately available funds, without set-off (except as otherwise provided in Section 2.17) or counterclaim. Any
amounts received after such time on any date may, in the discretion of the Administrative Agent, be deemed to have been received
on the next



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succeeding Business Day for purposes of calculating interest thereon. All such payments shall be made to the Administrative
Agent to the applicable account designated to the Lead Borrower by the Administrative Agent, except payments to be made directly
to the applicable Issuing Bank as expressly provided herein and except that payments pursuant to Sections 2.15, 2.16
or 2.17 and 9.03 shall be made directly to the Persons entitled thereto. The Administrative Agent shall
distribute any such payments received by it for the account of any other Person to the appropriate recipient promptly following
receipt thereof. Each Lender agrees that in computing such Lender’s portion of any Borrowing to be made hereunder, the Administrative
Agent may, in its discretion, round such Lender’s percentage of such Borrowing to the next higher or lower whole dollar amount.
Except as otherwise expressly provided herein and except with respect to principal of and interest on Loans denominated in an Alternative
Currency, all payments (including accrued interest) hereunder shall be made in U.S. Dollars. Except to the extent expressly
provided for herein, all payments with respect to principal of and interest on Loans in an applicable Alternative Currency shall
be made in the applicable Alternative Currency. Any payment required to be made by the Administrative Agent hereunder shall be
deemed to have been made by the time required if the Administrative Agent shall, at or before such time, have taken the necessary
steps to make such payment in accordance with the regulations or operating procedures of the clearing or settlement system used
by the Administrative Agent to make such payment.


(b)       Subject
in all respects to the provision of any applicable Intercreditor Agreement, all proceeds of Collateral received by the Administrative
Agent at any time when an Event of Default exists and all or any portion of the Loans have been accelerated hereunder pursuant
to Section 7.01 shall, upon election by the Administrative Agent or at the direction of the Required Lenders, be applied
first, to the payment of all costs and expenses then due incurred by the Administrative Agent in connection with any collection,
sale or realization on Collateral or otherwise in connection with this Agreement, any other Loan Document or any of the Secured
Obligations, including all court costs and the fees and expenses of agents and legal counsel, the repayment of all advances made
by the Administrative Agent hereunder or under any other Loan Document on behalf of any Loan Party and any other costs or expenses
incurred in connection with the exercise of any right or remedy hereunder or under any other Loan Document, second, on a
pro rata basis, to pay any fees, indemnities or expense reimbursements then due to the Administrative Agent (other than
those covered in clause first above) or any Issuing Bank from the Lead Borrower constituting Secured Obligations, third,
to payment in full of Unfunded Advances/Participations (the amounts so applied to be distributed between or among, as applicable,
the Administrative Agent and the Issuing Banks pro rata in accordance with the amounts of Unfunded Advances/Participations
owed to them on the date of any such distribution), fourth, on a pro rata basis in accordance with the amounts of
the Secured Obligations (other than contingent indemnification obligations for which no claim has yet been made) owed to the Secured
Parties on the date of any such distribution, to the payment in full of the Secured Obligations (including, with respect to LC
Exposure, an amount to be paid to the Administrative Agent equal to 100% of the Dollar Equivalent of the LC Exposure (minus
the Dollar Equivalent of the amount then on deposit in the LC Collateral Account and any amount applied pursuant to clause “second”
above) on such date, to be held in the LC Collateral Account as Cash collateral for such Obligations); provided that
if any Letter of Credit expires undrawn, then any Cash collateral held to secure the related LC Exposure shall be applied in accordance
with this Section 2.17(b), beginning with clause “first” above, fifth, as provided for
under the First Lien/Second Lien Intercreditor Agreement, and sixth, to, or at the direction of, the Lead Borrower or as
a court of competent jurisdiction may otherwise direct.


(c)       If
any Lender obtains payment (whether voluntary, involuntary, through the exercise of any right of set-off or otherwise) in respect
of any principal of or interest on any of its Loans of any Class or participations in LC Disbursements held by it resulting in
such Lender receiving payment of a greater proportion of the aggregate amount of its Loans of such Class and participations in
LC Disbursements and accrued interest thereon than the proportion received by any other Lender with Loans of such Class and participations
in LC Disbursements, then the Lender receiving such greater proportion shall purchase (for Cash at face value) participations in
the Loans of such Class and sub­participations in LC Disbursements of other Lenders of such Class at such time outstanding to the
extent necessary so that the benefit of all such payments shall be shared by the Lenders of such Class ratably in accordance with
the aggregate amount of principal of and accrued interest on their respective Loans of such Class and participations in LC Disbursements;
provided that (i) if any such participations are purchased and all or any portion of the payment giving rise thereto
is recovered, such participations shall be rescinded and the purchase price restored to the extent of such recovery, without interest,
and (ii) the provisions of this paragraph shall not apply to (x) any payment made by the Lead Borrower pursuant to and
in accordance with the express terms of this



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Agreement or (y) any payment obtained by any Lender as consideration for the
assignment of or sale of a participation in any of its Loans to any permitted assignee or participant, including any payment made
or deemed made in connection with Sections 2.22, 2.23 and 9.02(c). The Lead Borrower consents to
the foregoing and agrees, to the extent it may effectively do so under applicable law, that any Lender acquiring a participation
pursuant to the foregoing arrangements may exercise against the Lead Borrower rights of set-off and counterclaim with respect to
such participation as fully as if such Lender were a direct creditor of the Lead Borrower in the amount of such participation.
The Administrative Agent will keep records (which shall be conclusive and binding in the absence of manifest error) of participations
purchased under this Section 2.18(c) and will, in each case, notify the Lenders following any such purchases or repayments.
Each Lender that purchases a participation pursuant to this Section 2.18(c) shall from and after such purchase have
the right to give all notices, requests, demands, directions and other communications under this Agreement with respect to the
portion of the Obligations purchased to the same extent as though the purchasing Lender were the original owner of the Obligations
purchased. Notwithstanding the foregoing, with respect to any payment received by a Lender in its capacity as an Ancillary Lender
at any time prior to service of notice under Section 7.01 or, if applicable, such time as the remedies provided thereunder
automatically come into effect, if, after giving effect to the provisions of Section 7.01, an Ancillary Lender is subject
to sharing obligations under this Section 2.18, such obligations shall not apply to any payment received by such Ancillary
Lender to the extent that such payment is applied to reduce the Gross Outstandings under the applicable Ancillary Facility to the
net limit on which such Ancillary Facility is provided.


(d)       Unless
the Administrative Agent has received notice from the Lead Borrower prior to the date on which any payment is due to the Administrative
Agent for the account of any Lender or any Issuing Bank hereunder that the Lead Borrower will not make such payment, the Administrative
Agent may assume that the Lead Borrower has made such payment on such date in accordance herewith and may, in reliance upon such
assumption, distribute to the applicable Lender or Issuing Bank the amount due. In such event, if the Lead Borrower has not in
fact made such payment, then each Lender or the applicable Issuing Bank severally agrees to repay to the Administrative Agent forthwith
on demand the amount so distributed to such Lender or Issuing Bank with interest thereon, for each day from and including the date
such amount is distributed to it to but excluding the date of payment to the Administrative Agent, at the Overnight Rate.


(e)       If
any Lender fails to make any payment required to be made by it pursuant to Section 2.07(b) or Section 2.18(d),
then the Administrative Agent may, in its discretion (notwithstanding any contrary provision hereof), apply any amounts thereafter
received by the Administrative Agent for the account of such Lender to satisfy such Lender’s obligations under such Sections
until all such unsatisfied obligations are fully paid.


Section 2.19     Mitigation Obligations;
Replacement of Lenders.


(a)       If
any Lender requests compensation under Section 2.15 or such Lender determines it can no longer make or maintain Eurocurrency
Rate Loans pursuant to Section 2.20, or the Lead Borrower is required to pay any additional amount to any Lender or
any Governmental Authority for the account of any Lender pursuant to Section 2.17, then such Lender shall use reasonable
efforts to designate a different lending office for funding or booking its Loans hereunder or its participation in any Letter of
Credit affected by such event, or to assign its rights and obligations hereunder to another of its offices, branches or affiliates,
if, in the reasonable judgment of such Lender, such designation or assignment (i) would eliminate or reduce amounts payable
pursuant to Section 2.15 or 2.17, as applicable, in the future or mitigate the impact of Section 2.20,
as the case may be, and (ii) would not subject such Lender to any material unreimbursed out­of­pocket cost or expense and would
not otherwise be disadvantageous to such Lender in any material respect. The Lead Borrower hereby agrees to pay all reasonable
costs and expenses incurred by any Lender in connection with any such designation or assignment.


(b)       If
(i) any Lender requests compensation under Section 2.15 or such Lender determines it can no longer make or maintain
Eurocurrency Rate Loans pursuant to Section 2.20, (ii) if the Lead Borrower is required to pay any additional
amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 2.17, (iii) if
any Lender is a Defaulting Lender, (iv) if in connection with any proposed amendment, waiver or consent requiring the consent
of “each Lender”, “each Revolving Lender” or “each Lender directly affected thereby” (or any
other Class or group of Lenders other than the Required Lenders or
Required Revolving Lenders) with respect to which Required Lender
or Required Revolving Lender consent (or the



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consent of Lenders holding loans or commitments of such Class or lesser
group representing more than 50% of the sum of the total loans and unused commitments of such Class or lesser group at such
time) has been obtained or (v) in connection with any Extension Offer set forth in Section 2.23 below, as applicable,
any Lender is a non-consenting Lender, then the Lead Borrower may, at its sole expense and effort, upon notice to such Lender and
the Administrative Agent, (x) terminate the applicable Commitments and/or Additional Commitments of such Lender, and repay
all Obligations of the Lead Borrower owing to such Lender relating to the applicable Loans and participations held by such Lender
as of such termination date (provided that if, after giving effect such termination and repayment, the aggregate amount
of the Revolving Credit Exposure exceeds the aggregate amount of the Revolving Credit Commitments then in effect, then the Lead
Borrower shall, not later than the next Business Day, prepay one or more Revolving Borrowings (and, if no Revolving Borrowings
are outstanding, deposit Cash collateral in the LC Collateral Account) in an amount necessary to eliminate such excess) or (y) replace
such Lender by requiring such Lender to assign and delegate (and such Lender shall be obligated to assign and delegate), without
recourse (in accordance with and subject to the restrictions contained in Section 9.05), all of its interests, rights
and obligations under this Agreement to an Eligible Assignee that shall assume such obligations (which Eligible Assignee may be
another Lender, if any Lender accepts such assignment); provided that (A) such Lender shall have received payment
of an amount equal to the outstanding principal amount of its Loans and, if applicable, participations in LC Disbursements, in
each case of such Class of Loans, Commitments and/or Additional Commitments, accrued interest thereon, accrued fees and all other
amounts payable to it under any Loan Document with respect to such Class of Loans, Commitments and/or Additional Commitments, (B) in
the case of any assignment resulting from a claim for compensation under Section 2.15 or payments required to be made
pursuant to Section 2.17, such assignment will result in a reduction in such compensation or payments and (C) such
assignment does not conflict with applicable law. No Lender (other than a Defaulting Lender) shall be required to make any such
assignment and delegation, and the Lead Borrower may not repay the Obligations of such Lender or terminate its Commitments or Additional
Commitments, if, prior thereto, as a result of a waiver by such Lender or otherwise, the circumstances entitling the Lead Borrower
to require such assignment and delegation cease to apply. Each Lender agrees that if it is replaced pursuant to this Section 2.19,
it shall execute and deliver to the Administrative Agent an Assignment and Assumption to evidence such sale and purchase and shall
deliver to the Administrative Agent any Promissory Note (if the assigning Lender’s Loans are evidenced by one or more Promissory
Notes) subject to such Assignment and Assumption (provided that the failure of any Lender replaced pursuant to this Section 2.19
to execute an Assignment and Assumption or deliver any such Promissory Note shall not render such sale and purchase (and the corresponding
assignment) invalid), such assignment shall be recorded in the Register, any such Promissory Note shall be deemed cancelled. Each
Lender hereby irrevocably appoints the Administrative Agent (such appointment being coupled with an interest) as such Lender’s
attorney­in­fact, with full authority in the place and stead of such Lender and in the name of such Lender, from time to time in
the Administrative Agent’s discretion, with prior written notice to such Lender, to take any action and to execute any such
Assignment and Assumption or other instrument that the Administrative Agent may deem reasonably necessary to carry out the provisions
of this clause (b). To the extent that any Lender is
replaced pursuant to Section 2.19(b)(iv) in connection with a Repricing Transaction requiring payment of a fee pursuant to
Section 2.12(f), the Lead Borrower shall pay to each Lender being replaced as a result of such Repricing Transaction the fee
set forth in Section 2.12(f).


Section 2.20     Illegality.


(a)       If
any Lender reasonably determines that any Change in Law has made it unlawful, or that any Governmental Authority has asserted after
the Closing Date that it is unlawful, for such Lender or its applicable lending office to make, maintain or fund Loans whose interest
is determined by reference to any Eurocurrency Rate or to determine or charge interest rates based upon any Eurocurrency Rate,
or any Governmental Authority has imposed material restrictions on the authority of such Lender to purchase or sell, or to take
deposits of U.S. Dollars or any Alternative Currency in the applicable interbank market, then, on notice thereof by such Lender
to the Lead Borrower through the Administrative Agent, (i) any obligation of such Lender to make or continue LIBO Rate Loans
in U.S. Dollars or make or continue BA Rate Loans in Canadian Dollars or to convert ABR Loans to LIBO Rate Loans or to convert
Canadian Base Rate Loans to BA Rate Loans shall be suspended, (ii) if such notice asserts the illegality of such Lender making
or maintaining ABR Loans or Canadian Base Rate Loans the interest rate on which is determined by reference to the Published LIBO
Rate component of the Alternate Base Rate or the BA Rate component of the Canadian Base Rate, respectively, the interest rate on
which ABR Loans or Canadian Base Rate Loans of such Lender, shall, if necessary to avoid such illegality, be determined by the



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Administrative Agent without reference to the Published LIBO Rate component of the Alternate Base Rate or the BA Rate component
of the Canadian Base Rate, respectively, in each case until such Lender notifies the Administrative Agent and the Lead Borrower
that the circumstances giving rise to such determination no longer exist (which notice such Lender agrees to give promptly) and
(iii) any obligation of such Lender to make or continue LIBO Rate Loans in an Alternative Currency (other than Canadian Dollars)
shall be suspended.


(b)       Upon
receipt of such notice, (i) the Lead Borrower shall, upon demand from such Lender (with a copy to the Administrative Agent),
prepay or convert all of such Lender’s LIBO Rate Loans denominated in U.S. Dollars and/or BA Rate Loans to ABR Loans
or Canadian Base Rate Loans respectively either on the last day of the Interest Period therefor, if such Lender may lawfully continue
to maintain such Eurocurrency Rate Loans, as applicable to such day, or immediately, if such Lender may not lawfully continue to
maintain such Eurocurrency Rate Loans (in which case the Lead Borrower shall not be required to make payments pursuant to Section 2.16
in connection with such payment), (ii) if such notice asserts the illegality of such Lender determining or charging interest
rates based upon the Published LIBO Rate or the BA Rate, the Administrative Agent shall during the period of such suspension compute
the Alternate Base Rate or the Canadian Base Rate applicable to such Lender without reference to the Published LIBO Rate component
or BA Rate component thereof until the Administrative Agent is advised in writing by such Lender that it is no longer illegal for
such Lender to determine or charge interest rates based upon the Published LIBO Rate or the BA Rate and (iii) such Lender
may declare that such LIBO Rate Loans in an Alternative Currency (other than Canadian Dollars) will not thereafter for the duration
of such unlawfulness be made by such Lender (or be continued for additional Interest Periods) and thereafter (x) any request
for any such Eurocurrency Rate Borrowing (or to convert an ABR Borrowing to such a Eurocurrency Rate Borrowing or to continue such
a Eurocurrency Rate Borrowing for an additional Interest Period) shall, as to such Lender only, be deemed a request for a Daily
Rate Loan (or a request to continue a Daily Rate Loan as such or to convert such a Eurocurrency Rate Loan into a Daily Rate Loan,
as the case may be), unless such declaration shall be subsequently withdrawn and (y) such Lender may require that all such
outstanding Eurocurrency Rate Loans made by it be converted to Daily Rate Loans, in which event all such Eurocurrency Rate Loans
shall be automatically converted to Daily Rate Loans, in the case of (x) or (y) either on the last day of the Interest
Period for such Eurocurrency Rate Loans, if such Lender may lawfully continue to maintain such Eurocurrency Rate Loans, as applicable
to such day, or immediately, if such Lender may not lawfully continue to maintain such Eurocurrency Rate Loans (in which case the
Lead Borrower shall not be required to make payments pursuant to Section 2.16 in connection with such payment). Upon
any such prepayment or conversion, the Lead Borrower shall also pay accrued interest on the amount so prepaid or converted. Each
Lender agrees to designate a different lending office if such designation will avoid the need for such notice and will not, in
the determination of such Lender, otherwise be materially disadvantageous to such Lender. In the event any Lender shall exercise
its rights under (iii)(x) or (y) above, all payments and prepayments of principal that would otherwise have been applied to
repay the Eurocurrency Rate Loans that would have been made by such Lender or the converted Eurocurrency Rate Loans of such Lender
shall instead be applied to repay the Daily Rate Loans made by such Lender in lieu of, or resulting from the conversion of, such
Eurocurrency Rate Loans.


(c)       If
it becomes unlawful under any Sanctions Laws and Regulations applicable to any Lender for that Lender to perform any of its obligations
to the German Borrower as contemplated by this Agreement or to fund, issue or maintain its participation in any Loan to the German
Borrower, (i) that Lender, shall promptly notify the Administrative Agent upon becoming aware of that event, (ii) the
affected Commitments of that Lender will be immediately suspended, (iii) the Administrative Agent shall notify the Lead Borrower
who may replace such Lender by causing such Lender to (and such Lender shall be obligated to) assign pursuant to Section 9.05(b)
(with the assignment fee to be paid by the Borrowers in such instance unless waived by the Administrative Agent) all of its affected
rights and obligations under this Agreement to one or more Eligible Assignees; provided that neither the Administrative
Agent nor any Lender shall have any obligation to the Borrowers to find a replacement Lender or other such Person, on the last
day of the Interest Period for each affected Loan occurring after receipt by the Lead Borrower of notice pursuant to clause (iii)
or, if earlier, the date specified by the Lender in the notice delivered to the Administrative Agent (being no earlier than the
last day of any applicable grace period permitted by law).


(d)       If
it becomes unlawful under any Sanctions Laws and Regulations for an Issuing Bank to issue or leave outstanding any Letter of Credit
then, (i) that Issuing Bank shall promptly notify the Administrative Agent upon becoming aware of that event and (ii) upon
the Administrative Agent notifying the Lead Borrower, the



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Lead Borrower shall procure that each Loan Party shall use its best endeavors
to procure the release of each Letter of Credit issued by that Issuing Bank and outstanding at such time.


Section 2.21     Defaulting Lenders.
Notwithstanding any provision of this Agreement to the contrary, if any Lender becomes a Defaulting Lender, then the following
provisions shall apply for so long as such Lender is a Defaulting Lender:


(a)       Fees
shall cease to accrue on the unfunded portion of any Commitment of such Defaulting Lender pursuant to Section 2.12(a)
and, subject to clause (d)(iv) below, on the participation of such Defaulting Lender in Letters of Credit pursuant
to Section 2.12(b) and pursuant to any other provisions of this Agreement or other Loan Document.


(b)       The
Commitments and the Revolving Credit Exposure of such Defaulting Lender shall not be included in determining whether all Lenders,
each affected Lender, the Required Lenders, the Required Revolving
Lenders or such other number of Lenders as may be required hereby or under any other Loan Document have taken or
may take any action hereunder (including any consent to any waiver, amendment or modification pursuant to Section 9.02);
provided that any waiver, amendment or modification requiring the consent of all Lenders or each affected Lender which affects
such Defaulting Lender disproportionately and adversely relative to other affected Lenders shall require the consent of such Defaulting
Lender.


(c)       Any
payment of principal, interest, fees or other amounts received by the Administrative Agent for the account of any Defaulting Lender
(whether voluntary or mandatory, at maturity, pursuant to Section 2.11, Section 2.15, Section 2.16,
Section 2.17, Section 2.18, Article 7, Section 9.05 or otherwise, and including
any amounts made available to the Administrative Agent by such Defaulting Lender pursuant to Section 9.09), shall be
applied at such time or times as may be determined by the Administrative Agent and, where relevant, the Lead Borrower as follows:
first, to the payment of any amounts owing by such Defaulting Lender to the Administrative Agent hereunder; second,
to the payment on a pro rata basis of any amounts owing by such Defaulting Lender to any applicable Issuing Bank hereunder;
third, if so reasonably determined by the Administrative Agent or reasonably requested by the applicable Issuing Bank, to
be held as Cash collateral for future funding obligations of such Defaulting Lender in respect of any participation in any Letter
of Credit; fourth, so long as no Default or Event of Default exists as the Lead Borrower may request, to the funding
of any Loan in respect of which such Defaulting Lender has failed to fund its portion thereof as required by this Agreement;
fifth, as the Administrative Agent or the Lead Borrower may elect, to be held in a deposit account and released in order
to satisfy obligations of such Defaulting Lender to fund Loans under this Agreement; sixth, to the payment of any amounts
owing to the non­Defaulting Lenders or Issuing Banks as a result of any judgment of a court of competent jurisdiction obtained by
any non­Defaulting Lender or any Issuing Bank against such Defaulting Lender as a result of such Defaulting Lender’s breach
of its obligations under this Agreement; seventh, to the payment of any amounts owing to the Lead Borrower as a result
of any judgment of a court of competent jurisdiction obtained by the Lead Borrower against such Defaulting Lender as a result of
such Defaulting Lender’s breach of its obligations under this Agreement; and eighth, to such Defaulting Lender
or as otherwise directed by a court of competent jurisdiction; provided that if (x) such payment is a payment
of the principal amount of any Loan or LC Exposure in respect of which such Defaulting Lender has not fully funded its appropriate
share and (y) such Loan or LC Exposure was made or created, as applicable, at a time when the conditions set forth in Section 4.02
were satisfied or waived, such payment shall be applied solely to pay the Loans of, and LC Exposure owed to, all non­Defaulting Lenders on a pro rata basis prior to being applied to the payment of any Loans of, or LC Exposure owed to, such Defaulting
Lender. Any payments, prepayments or other amounts paid or payable to any Defaulting Lender that are applied (or held) to pay amounts
owed by any Defaulting Lender or to post Cash collateral pursuant to this Section 2.21(c) shall be deemed paid to and
redirected by such Defaulting Lender, and each Lender irrevocably consents hereto.


(d)       If
any LC Exposure exists at the time any Lender becomes a Defaulting Lender then:


(i)       all
or any part of the LC Exposure of such Defaulting Lender shall be reallocated among the Revolving Lenders of each applicable Class
that are non­Defaulting Lenders in accordance with their respective Dollar Revolving Applicable Percentages and/or Multicurrency
Revolving Applicable Percentages, as applicable, but only to the extent that (w) the conditions set



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forth in Section 4.02
are satisfied at the time of such reallocation, (x) the sum of all non­Defaulting Lenders’ Revolving Credit Exposures
plus all non­Defaulting Lenders’ Ancillary Commitments does not exceed the total of all non­Defaulting Lenders’
Revolving Credit Commitments and (y) the sum of each non­Defaulting Lender’s Revolving Credit Exposure plus such
non­Defaulting Lender’s Ancillary Commitments does not exceed the total of such non­Defaulting Lender’s Revolving Credit
Commitments;


(ii)       if
the reallocation described in clause (i) above cannot, or can only partially, be effected, the Lead Borrower shall,
without prejudice to any other right or remedy available to it hereunder or under law, within two Business Days following notice
by the Administrative Agent, Cash collateralize 100% of such Defaulting Lender’s LC Exposure and any obligations of
such Defaulting Lender to fund participations (after giving effect to any partial reallocation pursuant to paragraph (i)
above and any Cash collateral provided by such Defaulting Lender or pursuant to Section 2.21(c) above) or make other
arrangements reasonably satisfactory to the Administrative Agent and to the applicable Issuing Bank with respect to such LC Exposure
and obligations to fund participations. Cash collateral (or the appropriate portion thereof) provided to reduce LC Exposure or
other obligations shall be released promptly following (A) the elimination of the applicable LC Exposure or other obligations
giving rise thereto (including by the termination of the Defaulting Lender status of the applicable Lender (or, as appropriate,
its assignee following compliance with Section 2.19)) or (B) the Administrative Agent’s good faith determination
that there exists excess Cash collateral (including as a result of any subsequent reallocation of LC Exposure among non­Defaulting Lenders described in clause (i) above);


(iii)       if
the LC Exposure of the non­Defaulting Lenders is reallocated pursuant to this Section 2.21(d), then the fees payable
to the Revolving Lenders pursuant to Sections 2.12(a) and (b), as the case may be, shall be adjusted to give
effect to such reallocation; and


(iv)       if
any Defaulting Lender’s LC Exposure is not Cash collateralized, prepaid or reallocated pursuant to this Section 2.21(d),
then, without prejudice to any rights or remedies of the applicable Issuing Bank or any Revolving Lender hereunder, all letter
of credit fees payable under Section 2.12(b) with respect to such Defaulting Lender’s LC Exposure shall be payable
to the applicable Issuing Bank until such Defaulting Lender’s LC Exposure is Cash collateralized or reallocated.


(e)       So
long as any Revolving Lender is a Defaulting Lender, no Issuing Bank shall be required to issue, extend, create, incur, amend or
increase any Letter of Credit unless it is reasonably satisfied that the related exposure will be 100% covered by the Revolving
Credit Commitments of the non­Defaulting Lenders, Cash collateral provided pursuant to Section 2.21(c) and/or Cash collateral
provided by the Lead Borrower in accordance with Section 2.21(d), and participating interests in any such or newly
issued, extended or created Letter of Credit shall be allocated among Revolving Lenders that are non­Defaulting Lenders in a manner
consistent with Section 2.21(d)(i) (it being understood that Defaulting Lenders shall not participate therein).


(f)       In
the event that the Administrative Agent and the Lead Borrower agree that any Defaulting Lender has adequately remedied all matters
that caused such Lender to be a Defaulting Lender, then the LC Exposure of the Revolving Lenders shall be readjusted to reflect
the inclusion of such Lender’s Revolving Credit Commitment, and on such date such Revolving Lender shall purchase at par
such of the Revolving Loans of the other Revolving Lenders or participations in Revolving Loans as the Administrative Agent shall
determine as are necessary in order for such Revolving Lender to hold such Revolving Loans or participations in accordance with
its Dollar Revolving Applicable Percentage and/or Multicurrency Revolving Applicable Percentage. Notwithstanding the fact that
any Defaulting Lender has adequately remedied all matters that caused such Lender to be a Defaulting Lender, (x) no adjustments
will be made retroactively with respect to fees accrued or payments made by or on behalf of the Lead Borrower while such Lender
was a Defaulting Lender and (y) except to the extent otherwise expressly agreed by the affected parties, no change hereunder
from Defaulting Lender to Lender will constitute a waiver or release of any claim of any party hereunder arising from such Lender’s
having been a Defaulting Lender.


Section 2.22     Incremental Credit
Extensions.



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(a)       The
Lead Borrower may, at any time, on one or more occasions deliver a written request to the Administrative Agent (whereupon the Administrative
Agent shall promptly deliver a copy of such request to each of the Lenders) to (i) add one or more new tranches of term facilities
and/or increase the principal amount of the Initial Term Loans or
any Additional Term Loans by requesting new term loan commitments to be added to such Loans (any such new tranche
or increase, an “Incremental Term Facility”
and any loans made pursuant to an Incremental Term Facility, “Incremental Term Loans”) and/or (ii) add
one or more new tranches of revolving commitments and/or increase the Total Revolving Credit Commitment or any Additional Revolving
Commitment (any such new tranche or increase, an “Incremental Revolving Facility” and, together with any Incremental
Term Facility, “Incremental Facilities”; and the loans thereunder, “Incremental Revolving Loans”
and, together with any Incremental Term Loans, “Incremental Loans”) in an aggregate principal amount, when aggregated
with the aggregate principal amount of all Incremental Equivalent Debt issued or incurred pursuant to Section 6.01(z),
not to exceed the Incremental Cap, which Incremental Facilities may be denominated in U.S. Dollars or Alternative Currencies
(with the interest rate calculations in respect of Alternative Currencies not already provided for in this Agreement to be defined
in a manner mutually satisfactory to the Lead Borrower and the Administrative Agent); provided that:


(i)       no
Incremental Commitment may be less than $10,000,000,


(ii)       except
as separately agreed from time to time between the Lead Borrower and any Lender, no Lender shall be obligated to provide any Incremental
Commitment, and the determination to provide such commitments shall be within the sole and absolute discretion of such Lender,


(iii)       no
Incremental Facility or Incremental Loan (or the creation, provision or implementation thereof) shall require the approval of any
existing Lender other than in its capacity, if any, as a Lender providing all or part of any Incremental Commitment or Incremental
Loan,


(iv)       (A)
except as otherwise provided herein, the terms of each Incremental Revolving Facility (other than any terms which are applicable
only after the then-existing maturity date with respect to the Revolving Facility or any Additional Revolving Facility, as applicable,
and other than as permitted under clause (v) below), will be substantially identical to those applicable to the Revolving
Facility or otherwise reasonably satisfactory to the Lead Borrower and the Administrative Agent and (B) no Incremental Revolving
Facility will mature earlier than the then­applicable Latest Revolving Loan Maturity Date or require any scheduled amortization
or mandatory commitment reduction prior to such Maturity Date,


(v)       the
interest rate applicable to any Incremental Facility or Incremental Loans will be determined by the Lead Borrower and the lenders
providing such Incremental Facility or Incremental Loans,;
provided that, except with respect to any Incremental Term Loans (I) that are used to finance a Permitted Acquisition or
other permitted Investment, (II) that mature more than 12 months after the Initial Term Loan Maturity Date and/or (III) that are
incurred on and after the 12 month anniversary of the First Amendment Effective Date, in the case of any Incremental Term Facility
or Incremental Term Loans (other than a customary bridge facility) which are broadly syndicated, funded in U.S. Dollars and are
pari passu with the Initial Term Loans in right of payment and with respect to security and that are incurred under clause
(e) of the Incremental Cap (other than through reallocation), such all-in-yield will not be more than 0.50% higher than the
corresponding all-in-yield applicable to the Initial Term Loans unless the interest rate margin with respect to the Initial Term
Loans is adjusted so that the all-in-yield is equal to the all-in-yield with respect to the relevant Incremental Term Facility
or Incremental Term Loans, minus 0.50%; provided, further, that in determining the applicable interest
rate under this clause (v): (w) original issue discount or upfront fees paid by the Lead Borrower in connection with
the Initial Term Loans or any Incremental Term Facility (based on a fouryear average life to maturity), shall be included, (x) any
amendments to the Applicable Rate in respect of the Initial Term Loans that became effective subsequent to the First Amendment
Effective Date



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 but prior to the time of the addition of the relevant Incremental Term Facility or Incremental Term Loans shall
be included, (y) arrangement, commitment, structuring and underwriting fees, consent fees and any amendment fees (regardless
of whether such fees are paid to or shared in whole or in part with any lender) paid or payable by the Lead Borrower to the Arrangers
(or their Affiliates) in their respective capacities as such in connection with the Initial Term Loans or any Incremental Term
Facility in the same currency or to one or more arrangers (or their affiliates) in their capacities as such applicable to the relevant
Incremental Term Facility or Incremental Term Loans and any other fees not paid by the Lead Borrower to all relevant lenders generally
shall be excluded and (z) if the relevant Incremental Term Facility or Incremental Term Loans in the same currency include
any interest rate floor that is greater than that applicable to the existing Initial Term Loans in the same currency, and such
floor is applicable to such existing Initial Term Loans on the date of determination, the excess amount shall be equated to interest
margin for determining the applicable interest rate, but only to the extent an increase in the interest rate floor in the existing
Initial Term Loans would cause an increase in the interest rate then in effect thereunder, and in such case, at the election of
the Lead Borrower, the interest rate floor (but not the interest rate margin) applicable to the existing Initial Term Loans may
be increased to the extent of such differential between interest rate floors to adjust the all-in-yield of the Initial Term Loans
to maintain the relevant differential,


(vi)       the
final maturity date with respect to any Incremental Term Loans shall be no earlier than the Latest Maturity Date at the time of
the incurrence thereof,


(vii)       [reserved],the
amortization requirements for such Incremental Term Loans may differ so long as the Weighted Average Life to Maturity of any Incremental
Term Facility shall be no shorter than the remaining Weighted Average Life to Maturity of the then-existing tranche(s) of Term Loans
(without giving effect to any prepayments thereof),


(viii)       (A)
any Incremental Term Facility shall rank pari passu with any then-existing tranche of Revolving Loans in right of payment
and shall rank pari passu with any then-existing tranche of Revolving Loans with respect to security and (B) no Incremental
Facility may be (x) guaranteed by any Person which is not a Loan Party or (y) secured by any assets other than the Collateral
(other than, in the case of any Incremental Facility incurred by an Additional Borrower as a Non­U.S. Facility, a Non­U.S. Facility
which may be guaranteed by Persons that are not Loan Parties on the date when such Non­U.S. Facility is established and secured
by any collateral in a Non­U.S. jurisdiction provided that such Additional Borrower, the additional Persons that provide guarantees
and collateral and the Administrative Agent on behalf of the Lenders (including the Lenders that provide such Incremental Facility)
enter into an agreement that contains customary collateral allocation mechanism sharing provisions between such Non­U.S. Facility
and the U.S. Credit Facilities),


(ix)       any
prepayment (other than any scheduled amortization payment) of Incremental Term Loans that are pari passu with any previously
incurred and then-existing Incremental Term Loans in right of payment and security
shall be made on a pro rata basis with such previously incurred and existing Incremental
Term Loans, except that the Lead Borrower and the lenders providing the relevant previously
incurred Incremental Term Loans shall be permitted, in their sole discretion, to elect to prepay or receive, as
applicable, any prepayments on a less than pro rata basis (but not on a greater than pro rata basis),


(x)       [reserved],


(xi)       except
as otherwise agreed by the lenders providing the relevant Incremental Facility in connection with any Limited Condition Acquisition
(which shall be subject to Section 2.22(i)), no Event of Default shall exist immediately prior to or after giving effect to
such incremental facility,



    	 	-101-	 



     


    




(xii)       except
as otherwise agreed by the lenders providing the relevant Incremental Facility in connection with any Limited Condition Acquisition
(which shall be subject to Section 2.22(i)), all representations and warranties set forth in Article 3
and in each other Loan Document shall be true and correct in all material respects (or, if qualified by materiality, in all respects)
on and as of the applicable closing date in respect of such Incremental Facility with the same effect as though made on and as
of such date, except to the extent such representations and warrants expressly relate to an earlier day, in which case they shall
be true and correct in all material respects (or, if qualified by materiality, in all respects) as of such earlier date.


(xiii)       [reserved];the
terms of any Incremental Term Facility shall be as agreed between the Lead Borrower and the Lenders providing such Incremental
Term Loans;


(xiv)       the
proceeds of any Incremental Facility may be used for working capital and other general corporate purposes and any other use not
prohibited by this Agreement;


(xv)       on
the date of the making of any Incremental Term Loans that will be added to any Class of previously
incurred Incremental Term Loans, and notwithstanding anything to the contrary set forth in Section 2.08
or 2.13, such Incremental Term Loans shall be added to (and constitute a part of) each borrowing of outstanding previously
incurred Incremental Term Loans, as applicable,
of the same type with the same Interest Period of the respective Class on a pro rata basis (based on the relative sizes
of the various outstanding Borrowings), so that each Term
Lender providing such Incremental Term Loans will participate proportionately in each then outstanding borrowing of previously
incurred Incrementalsuch Term Loans,
as applicable, of the same type with the same Interest Period of the respective Class; and


(xvi)       unless
the Administrative Agent agrees otherwise, at no time shall there be more than three separate Maturity Dates in effect with respect
to the Revolving Facility and any existing Additional Revolving Facility at any time.


(b)       Incremental
Commitments may be provided by any existing Lender, or by any other lender (other than any Disqualified Institution) (any such
other lender being called an “Additional Lender”); provided that the Administrative Agent (and,
in the case of any Incremental Revolving Facility and any Issuing Bank) shall have consented (such consent not to be unreasonably
withheld) to the relevant Additional Lender’s provision of Incremental Commitments if such consent would be required under
Section 9.05(b) for an assignment of Loans to such Additional Lender.;
provided further that any Additional Lender that is an Affiliated Lender shall be subject to the provisions of Section 9.05(g),
mutatis mutandis, to the same extent as if Incremental Commitments and related Obligations had been obtained by such Lender
by way of assignment.


(c)       Each
Lender or Additional Lender providing a portion of any Incremental Commitment shall execute and deliver to the Administrative Agent
and the Lead Borrower all such documentation (including an amendment to this Agreement or any other Loan Document) as may be reasonably
required by the Administrative Agent to evidence and effectuate such Incremental Commitment. On the effective date of such Incremental
Commitment, each Additional Lender shall become a Lender for all purposes in connection with this Agreement.


(d)       As
a condition precedent to the effectiveness of any Incremental Facility or the making of any Incremental Loans, (i) upon its
reasonable request, the Administrative Agent shall have received customary written opinions of counsel, as well as such reaffirmation
agreements, supplements and/or amendments as it shall reasonably require, (ii) the Administrative Agent shall have received,
from each Additional Lender, an administrative questionnaire, in the form provided to such Additional Lender by the Administrative
Agent (the “Administrative Questionnaire”) and such other documents as it shall reasonably require from such
Additional Lender, and the Administrative Agent and Lenders shall have received all fees required to be paid in respect of such
Incremental Facility or Incremental Loans and (iii) the Administrative Agent shall have received a certificate of the Lead
Borrower signed by a Responsible Officer thereof:



    	 	-102-	 



     


    




(A)       certifying
and attaching a copy of the resolutions adopted by the governing body of the Lead Borrower approving or consenting to such Incremental
Facility or Incremental Loans, and


(B)       to
the extent applicable, certifying that the condition set forth in clause (a)(xxi)
above has been satisfied.


(e)       Upon
the implementation of any Incremental Revolving Facility pursuant to this Section 2.22:


(i)       if
such Incremental Revolving Facility is implemented by increasing the amount of then-existing Total Revolving Credit Commitments
(rather than by implementing a new tranche of Revolving Loans), (i) each Revolving Lender immediately prior to such increase
will automatically and without further act be deemed to have assigned to each relevant Incremental Revolving Facility Lender, and
each relevant Incremental Revolving Facility Lender will automatically and without further act be deemed to have assumed a portion
of such Revolving Lender’s participations hereunder in outstanding Letters of Credit such that, after giving effect to each
deemed assignment and assumption of participations (and after taking into account the Ancillary Commitments of each Multicurrency
Revolving Lender), all of the Revolving Lenders’ (including each Incremental Revolving Facility Lender) participations hereunder
in Letters of Credit and (ii) the existing Revolving Lenders of the applicable Class shall assign Revolving Loans to certain
other Revolving Lenders of such Class (including the Revolving Lenders providing the relevant Incremental Revolving Facility),
and such other Revolving Lenders (including the Revolving Lenders providing the relevant Incremental Revolving Facility) shall
purchase such Revolving Loans, in each case to the extent necessary so that all of the Revolving Lenders of such Class participate
in each outstanding borrowing of Revolving Loans and participate hereunder in Letters of Credit pro rata on the basis of
their respective Revolving Credit Commitments of such Class (after giving effect to any increase in the Revolving Credit Commitment
pursuant to this Section 2.22); it being understood and agreed that the minimum borrowing, pro rata borrowing
and pro rata payment requirements contained elsewhere in this Agreement shall not apply to the transactions effected pursuant
to this clause (i);


(ii)       if
such Incremental Revolving Facility is implemented pursuant to a request to add one or more new tranches of revolving commitments
of the same Class as the Revolving Facilities, (1) the borrowing and repayment (except for (A) payments of interest and
fees at different rates on the existing Revolving Facilities and such Incremental Revolving Facility, (B) repayments required
upon the Maturity Date of the then-existing Revolving Facility and such Incremental Revolving Facility and (C) repayments made
in connection with any permanent repayment and termination of commitments (subject to clause (3) below)) of Incremental
Revolving Loans after the effective date of such Incremental Revolving Commitments shall be made on a pro rata basis with
the then-existing Revolving Facility and any other then outstanding Incremental Revolving Facility, (2) all letters of credit
made or issued, as applicable, under such Incremental Revolving Facility shall be participated on a pro rata basis by all
Revolving Lenders within such Class and (3) the permanent repayment of Loans with respect to, and termination of commitments
under, such Incremental Revolving Facility shall be made on a pro rata basis with the then-existing Revolving Facility and
any other then outstanding Incremental Revolving Facility, except that the Lead Borrower shall be permitted to permanently repay
and terminate commitments under such Incremental Revolving Facility on a greater than pro rata basis as compared with
any other revolving facility with a later Maturity Date than such revolving facility; and


(iii)       if
such Incremental Revolving Facility is implemented pursuant to a request to add one or more new tranches of revolving commitments
of a different Class as the Revolving Facilities, (1) the borrowing and repayment of Incremental Revolving Loans after the
effective date of such Incremental Revolving Commitments may be made on a pro rata basis, lesser than pro rata basis
or greater than pro rata basis with the then-existing Revolving Facility and any



    	 	-103-	 



     


    

 


other then outstanding Incremental Revolving
Facility in accordance with the terms of such Incremental Revolving Facility, (2) all letters of credit made or issued, as
applicable, under such Incremental Revolving Facility may be participated on a pro rata basis, lesser than pro rata
basis or greater than pro rata basis by all Revolving Lenders within such Class in accordance with the terms of such Incremental
Revolving Facility and (3) the permanent repayment of Loans with respect to, and termination of commitments under, such Incremental
Revolving Facility may be made on a pro rata basis, lesser than pro rata basis or greater than pro rata basis
with the then-existing Revolving Facility and any other then outstanding Incremental Revolving Facility in accordance with the terms
of such Incremental Revolving Facility.


(f)       Effective
on the date of effectiveness of each Incremental Revolving Facility, the maximum amount of LC Exposure, Dollar LC Exposure and
Multicurrency LC Exposure permitted hereunder shall increase by an amount, if any, agreed upon by Administrative Agent, the Issuing
Banks and the Lead Borrower.


(g)       The
Lenders hereby irrevocably authorize the Administrative Agent to enter into such amendments to this Agreement and the other Loan
Documents with the Lead Borrower as may be necessary in order to establish new tranches or sub­tranches in respect of Loans or commitments
increased or extended pursuant to this Section 2.22 and such technical amendments as may be necessary or appropriate
in the reasonable opinion of the Administrative Agent and the Lead Borrower in connection with the establishment of such new tranches
or sub-tranches, in each case on terms consistent with this Section 2.22.


(h)       To
the extent the provisions of clause (a)(xiii) above require that Lenders making new Incremental Term Loans add such
Incremental Term Loans to the then outstanding borrowings of Eurocurrency Rate Loans of the respective Class of previously
incurred Incremental Term Loans, as applicable,
it is acknowledged that the effect thereof may result in such new Incremental Term Loans having short Interest Periods (i.e., an
Interest Period that began during an Interest Period then applicable to outstanding Eurocurrency Rate Loans of the respective Class
and which will end on the last day of such Interest Period).


(i)       Limited
Condition Acquisitions. Notwithstanding the foregoing provisions of this Section 2.22 or in any other provision of any
Loan Document:


(i)       if
the proceeds of any Incremental Facility are intended to be applied to finance a Limited Condition Acquisition, the conditions
precedent to Lead Borrower’s right to request such Incremental Facility for a Limited Condition Acquisition shall be limited
to the following: (a) on the date of the signing of the definitive acquisition agreement for such Limited Condition Acquisition,
(x) no Event of Default shall have occurred and be continuing (y) each of the representations and warranties contained
in the Loan Documents shall be true and correct in all material respects (except (I) with respect to representations and warranties
expressly made as of an earlier date, in which case such representations and warranties were true and correct in all material respects
as of such earlier date and (II) that if any such representation or warranty contains any materiality qualifier, such representation
or warranty shall be true and correct in all respects); and (b) at the date of closing of such Limited Condition Acquisition
and the funding of the applicable Incremental Facility, (A) no Event of Default under Section 7.01(a), (f) or (g) shall
have occurred and be continuing, (B) the only representations and warranties the accuracy of which shall be a condition to
funding such advance shall be the customary specified representations and the customary specified acquisition agreement representations
agreed between the Lead Borrower and the Lenders providing such Incremental Facility; and


(ii)       in
the case of the incurrence of any indebtedness or liens or the making of any investments, restricted payments, prepayments of subordinated
or junior debt, asset sales or fundamental changes or the designation of any restricted subsidiaries or unrestricted subsidiaries
in connection with a Limited Condition Acquisition, at the Lead Borrower’s option, the relevant ratios and baskets shall
be determined, and any default or event of default blocker shall be tested, as of the date the definitive acquisition agreements
for such Limited Condition Acquisition are entered into and, subject to the second proviso contained in this clause (ii),
calculated as if the acquisition and other pro forma events in connection therewith were consummated on such date;



    	 	-104-	 



     


    

  


provided
that if the Lead Borrower has made such an election, in connection with the calculation of any ratio or basket with respect
to the incurrence of any debt or liens, or the making of any investments, restricted payments, prepayments of subordinated, junior
or unsecured debt, asset sales, fundamental changes or the designation of a restricted subsidiary or unrestricted subsidiary r
following such election and prior to the earlier of the date on which such acquisition is consummated or the definitive agreement
for such acquisition is terminated, any such ratio shall, subject to the proviso below, be calculated on a pro forma basis assuming
such acquisition and other pro forma events in connection therewith (including any incurrence of indebtedness) have been consummated;
provided that the consolidated net income (and any other financial defined term derived therefrom) shall not include any
consolidated net income of or attributable to the target company or assets associated with any such Limited Condition Acquisition
unless and until the closing of such Limited Condition Acquisition shall have actually occurred.


(j)       This
Section 2.22 shall supersede any provision in Section 2.18 or 9.02 to the contrary.


Section 2.23     Extensions of Loans
and Revolving Commitments.


(a)       Notwithstanding
anything to the contrary in this Agreement, pursuant to one or more offers (each, an “Extension Offer”) made
from time to time by the Lead Borrower to all Lenders holding Loans of any Class with a like Maturity Date and in the same currency
or commitments with a like Maturity Date, in each case on a pro rata basis (based on the aggregate outstanding principal
amount of the respective Loans in the same currency with a like Maturity Date or commitments with a like Maturity Date) and on
the same terms to each such Lender, the Lead Borrower is hereby permitted from time to time to consummate transactions with any
individual Lender who accepts the terms contained in any such Extension Offer to extend the Maturity Date of such Lender’s
Loans and/or commitments and otherwise modify the terms of such Loans and/or commitments pursuant to the terms of the relevant
Extension Offer (including by increasing the interest rate or fees payable in respect of such Loans and/or commitments (and related
outstandings) and/or modifying the amortization schedule in respect of such Loans) (each, an “Extension”, and
each group of Loans or commitments, as applicable, in each case as so extended, as well as the original Loans and the original
commitments (in each case not so extended), being a “tranche”; any Extended Term
Loans shall constitute a separate tranche of Loans from the tranche of Loans from which they were converted and any Extended
Revolving Credit Commitments shall constitute a separate tranche of revolving commitments from the tranche of revolving commitments
from which they were converted), so long as the following terms are satisfied:


(i)       except
as to (x) interest rates, fees, any other pricing terms and final maturity (which shall, subject to immediately succeeding
clause (iii)(y), be determined by the Lead Borrower and any Lender who agrees to an Extension and set forth in the
relevant Extension Offer) and (y) any covenants or other provisions applicable only to periods after the Latest Revolving
Loan Maturity Date (in each case, as of the date of such Extension), the commitment of any Revolving Lender that agrees to an Extension
(an “Extended Revolving Credit Commitment”; and the Loans thereunder, “Extended Revolving Loans”),
and the related outstandings, shall be a revolving commitment (or related outstandings, as the case may be) with the same terms
(or terms not less favorable to existing Revolving Lenders) as the original revolving commitments (and related outstandings) provided
hereunder or such other terms as shall be reasonably satisfactory to the Administrative Agent; it being agreed that the applicable
Borrower shall have the right to unilaterally provide the extending Revolving Lenders with additional rights and benefits (such
rights and benefits “Additional Rights to Extending Revolving Lenders”) and the “not less favorable”
requirement of this clause (i) and compliance therewith shall be determined after giving effect to such Additional Rights
to Extending Revolving Lenders; provided that (x) to the extent any non­extended portion of the Revolving Facility
or any Additional Revolving Facility then exists, (1) the borrowing and repayment (except for (A) payments of interest
and fees at different rates on such revolving facilities (and related outstandings), (B) repayments required upon the Maturity
Date of such revolving facilities and (C) repayments made in connection with any permanent repayment and termination of commitments
(subject to clause (3) below)) of Extended Revolving Loans after the effective date of such Extended Revolving Credit
Commitments shall be made on a pro rata basis with such



    	 	-105-	 



     


    

 


portion of the Revolving Facility or the relevant Additional Revolving
Facility, as applicable, (2) all letters of credit made or issued, as applicable, under any Extended Revolving Credit Commitment
shall be participated on a pro rata basis by all Revolving Lenders and (3) the permanent repayment of Loans with respect
to, and termination of commitments under, any such Extended Revolving Credit Commitment after the effective date of such Extended
Revolving Credit Commitments shall be made on a pro rata basis with such portion of the Revolving Facility and/or any Additional
Revolving Facility, except that the Lead Borrower shall be permitted to permanently repay and terminate commitments of any such
revolving facility on a greater than pro rata basis as compared with any other revolving facility with a later Maturity
Date than such revolving facility and (y) unless the Administrative Agent agrees otherwise, at no time shall there be more
than three separate Classes of revolving commitments hereunder (including Revolving Credit Commitments, Incremental Revolving Commitments,
Extended Revolving Credit Commitments and Replacement Revolving Facilities);


(ii)       [reserved];


(ii)       except
as to (x) interest rates, fees, any other pricing terms, amortization, final maturity date, premiums, required prepayment
dates and participation in prepayments (which shall, subject to immediately succeeding clauses (iii)(x), (v) and (vi),
be determined by the Lead Borrower and any Lender who agrees to an Extension and set forth in the relevant Extension Offer) and
(y) any covenants or other provisions applicable only to periods after the Latest Term Loan Maturity Date (in each case, as
of the date of such Extension), the Term Loans of any Lender extended pursuant to any Extension (any such extended term Loans,
the “Extended Term Loans”) shall have the terms that are not more favorable to the lenders providing such Extended
Term Loans (taken as a whole, in their capacity as such, as reasonably determined by the Lead Borrower) as the tranche of Term
Loans subject to the relevant Extension Offer, or shall be on market terms or such other terms as shall be reasonably satisfactory
to the Lead Borrower and the Administrative Agent; provided, however, that with respect to representations and
warranties, affirmative and negative covenants (including financial covenants) and events of default that are applicable to any
such tranche of Extended Term Loans, such provisions may be more favorable to the lenders of the applicable tranche of Extended
Term Loans than those originally applicable to the tranche of Term Loans subject to the relevant Extension Offer, so long as (and
only so long as) such provisions also expressly apply to (and for the benefit of) the tranche of Term Loans subject to the relevant
Extension Offer and each other Class of Term Loans hereunder; it being agreed that the applicable Borrower shall have the
right to unilaterally provide the existing Term Lenders with additional rights and benefits;


(iii)       (x)
the final maturity date of any Extended Term Loans shall be no earlier than the then applicable Latest Term Loan Maturity Date
at the time of extension and (y) no Extended Revolving Credit Commitments or Extended Revolving Loans shall
have a final maturity date earlier than (or require commitment reductions prior to) the then applicable Latest Revolving Loan Maturity
Date;


(iv)       the
Weighted Average Life to Maturity of any Extended Term Loans shall be no shorter than the remaining Weighted Average Life to Maturity
of the Term Loans or any other Extended Term Loans extended thereby;


(v)       any
Extended Term Loans (x) may participate on a pro rata basis or a less than pro rata basis (but not greater than
a pro rata basis) in any mandatory repayments or prepayments (but, for purposes of clarity, not scheduled amortization payments)
in respect of the Initial Term Loans (and any Additional Term Loans then subject to ratable repayment requirements) and (y) may
participate on a pro rata basis, less than pro rata basis or greater than a pro rata basis in any voluntary
repayments or prepayments in respect of the Initial Term Loans, in each case as specified in the respective Extension Offer;



    	 	-106-	 



     


    




(iv)       [reserved];


(v)       [reserved];


(vi)       if
the aggregate principal amount of Loans or commitments, as the case may be, in respect of which Lenders shall have accepted the
relevant Extension Offer exceeds the maximum aggregate principal amount of Loans or commitments, as the case may be, offered to
be extended by the Lead Borrower pursuant to such Extension Offer, then the Loans or commitments, as the case may be, of such Lenders
shall be extended ratably up to such maximum amount based on the respective principal amounts (but not to exceed actual holdings
of record) with respect to which such Lenders have accepted such Extension Offer;


(vii)       each
Extension shall be in a minimum amount of the Dollar Equivalent of $20,000,000;


(viii)       any
applicable Minimum Extension Condition shall be satisfied or waived by the Lead Borrower; and


(ix)       all
documentation in respect of such Extension shall be consistent with the foregoing.


(b)       With
respect to any Extension consummated pursuant to this Section 2.23, (i) no such Extension shall constitute a voluntary
or mandatory prepayment for purposes of Section 2.11, (ii) the scheduled amortization payments (in so far as such
schedule affects payments due to Lenders participating in the relevant Class) set forth in Section 2.10 shall be adjusted
to give effect to such Extension of the relevant Class and (iii) except as set forth in clause (a)(vii) above,
no Extension Offer is required to be in any minimum amount or any minimum increment; provided that the Lead Borrower
may, at its election, specify as a condition (a “Minimum Extension Condition”) to consummating such Extension
that a minimum amount (to be determined and specified in the relevant Extension Offer in the Lead Borrower’s sole discretion
and which may be waived by the Lead Borrower) of Loans or commitments (as applicable) of any or all applicable tranches be tendered.
The Administrative Agent and the Lenders hereby consent to the transactions contemplated by this Section 2.23 (including,
for the avoidance of doubt, any payment of any interest, fees or premium in respect of any tranche of Extended Term
Loans and/or Extended Revolving Credit Commitments on such terms as may be set forth in the relevant Extension Offer)
and hereby waive the requirements of any provision of this Agreement (including Section 2.10, 2.11 or 2.18)
or any other Loan Document that may otherwise prohibit any Extension or any other transaction contemplated by this Section 2.23.


(c)       No
consent of any Lender or the Administrative Agent shall be required to effectuate any Extension, other than (A) the consent
of each Lender agreeing to such Extension with respect to one or more of its Loans and/or commitments under any Class (or
a portion thereof) and (B) with respect to any Extension of the Revolving Credit Commitments, the consent of each Issuing
Bank to the extent the commitment to provide Letters of Credit is to be extended. All Extended Term
Loans and Extended Revolving Credit Commitments and all obligations in respect thereof shall constitute Secured
Obligations under this Agreement and the other Loan Documents that are secured by the Collateral and guaranteed on a pari passu
basis with all other applicable Secured Obligations under this Agreement and the other Loan Documents. The Lenders hereby irrevocably
authorize the Administrative Agent to enter into such amendments to this Agreement and the other Loan Documents with the Lead Borrower
as may be necessary in order to establish new tranches or sub­tranches in respect of Loans or commitments so extended and such technical
amendments as may be necessary or appropriate in the reasonable opinion of the Administrative Agent and the Lead Borrower in connection
with the establishment of such new tranches or sub-tranches, in each case on terms consistent with this Section 2.23.


(d)       In
connection with any Extension, the Lead Borrower shall provide the Administrative Agent at least ten Business Days’ (or such
shorter period as may be agreed by the Administrative Agent) prior written notice thereof, and shall agree to such procedures (including
regarding timing, rounding and other adjustments and to ensure reasonable administrative management of the credit facilities hereunder
after such



    	 	-107-	 



     


    

 


Extension), if any, as may be established by, or acceptable to, the Administrative Agent, in each case acting reasonably
to accomplish the purposes of this Section 2.23.


Section 2.24     Lead Borrower as Borrower
Representative. Each Borrower (other than the Lead Borrower) hereby designates the Lead Borrower as its representative and
agent for all purposes under the Loan Documents, including designation of interest rates, delivery or receipt of communications,
preparation and delivery of financial reports, receipt and payment of Obligations, requests for waivers, amendments or other accommodations,
actions under the Loan Documents (including in respect of compliance with covenants), and all other dealings with the Administrative
Agent or any Lender. The Lead Borrower hereby accepts such appointment. The Administrative Agent and the Lenders shall be entitled
to rely upon, and shall be fully protected in relying upon, any notice or communication delivered by the Lead Borrower on behalf
of any Borrower. The Administrative Agent and the Lenders may give any notice or communication with a Borrower hereunder to the
Lead Borrower on behalf of such Borrower. Each of the Administrative Agent and the Lenders shall have the right, in its discretion,
to deal exclusively with the Lead Borrower for any or all purposes under the Loan Documents. Each Borrower agrees that any notice,
election, communication, representation, agreement or undertaking made on its behalf by the Lead Borrower shall be binding upon
and enforceable against it.


Section 2.25     Currency Equivalents.


(a)       The
Administrative Agent shall determine the Dollar Equivalent of each Revolving Loan denominated in an Alternative Currency, each
LC Obligation in respect of Letters of Credit denominated in an Alternative Currency and each Ancillary Commitment denominated
in an Alternative Currency (i) as of the first day of each Interest Period applicable to a Revolving Loan or on the date of
such initial extension in respect of an LC Obligation and (ii) as of the end of each fiscal quarter of the Lead Borrower,
and shall promptly notify the Lead Borrower and the Lenders of each Dollar Equivalent so determined by it. Each such determination
shall be based on the Exchange Rate (x) on the date of the related Borrowing Request for the purposes of the initial such
determination for any Revolving Loan or Letter of Credit (y) on the fourth Business Day prior to the date as of which such
Dollar Equivalent is to be determined, for purposes of any subsequent determination in respect of a Revolving Loan or Letter of
Credit and (z) in respect of any Ancillary Commitment, on the fourth Business Day prior to the relevant Ancillary Commencement
Date or, if later, the date on which the Administrative Agent received the notice of such Ancillary Commitment pursuant to Section 2.26(a)(ii).


(b)       If
after giving effect to any such determination of a Dollar Equivalent, the Total Revolving Credit Outstandings exceed the sum of
the (i) the aggregate amount of Revolving Credit Commitments then in effect plus (ii) the aggregate amount of Ancillary
Commitments then in effect by 5.0% or more, the Borrower shall prepay on such date of determination the applicable outstanding
Dollar Equivalent of the Revolving Loans denominated in Alternative Currencies or take other action as the Administrative Agent,
in its discretion, may direct (including Cash collateralization of the applicable LC Obligations and/or Ancillary Outstandings
(without duplication of any requirements under the applicable Ancillary Facility) in amounts from time to time equal to such excess)
to the extent necessary to eliminate any such excess.


Section 2.26     Ancillary Facilities.


(a)       Availability
of Ancillary Facilities.


(i)       Any
Multicurrency Revolving Lender may, upon the agreement of any Revolving Facility Borrower and such Revolving Lender, provide, directly
or indirectly through one or more of its Affiliates (other than any Disqualified Institution), to such Revolving Facility Borrower
or any Affiliate Ancillary Borrower one or more Ancillary Facilities on a bilateral basis in place of all or a portion of such
Multicurrency Revolving Lender’s Unused Multicurrency Revolving Credit Commitment (which shall (subject to Section 2.26(c)(ii))
be reduced by the amount of the Ancillary Commitment under that Ancillary Facility).


(ii)       No
Revolving Facility Borrower may implement any Ancillary Facility unless, not less than five Business Days prior to the Ancillary
Commencement Date with respect thereto, the



    	 	-108-	 



     


    

 


Administrative Agent has received written notice from such Revolving Facility Borrower
that such Ancillary Facility has been established and specifying:


(1)       the
Ancillary Commencement Date for such Ancillary Facility and the scheduled expiration date thereof;


(2)       the
type of such Ancillary Facility;


(3)       the
Ancillary Commitment (including the maximum amount of such Ancillary Facility) and, if such Ancillary Facility is Multi­account
Overdraft its Designated Gross Amount and “Designated Net Amount”;


(4)       the
proposed currency or currencies of such Ancillary Facility (if not denominated in U.S. Dollars); and


(5)       the
identity of the relevant Ancillary Lender(s) (including whether such Ancillary Lender is a Multicurrency Revolving Lender or an
Affiliate of a Multicurrency Revolving Lender).


(iii)       The
applicable Revolving Facility Borrower (or the Lead Borrower on its behalf) shall provide such other customary information as the
Administrative Agent may reasonably request in connection with any Ancillary Facility.


(iv)       The
Administrative Agent shall promptly notify the Multicurrency Revolving Lender proposing to provide such Ancillary Facility and
the other Lenders of the establishment of any Ancillary Facility and, subject to the satisfaction of the requirements set forth
in Section 2.26(b) below, (A) the relevant Multicurrency Revolving Lender will constitute an Ancillary Lender
and (B) such Ancillary Facility will be deemed to be made available hereunder, in each case as of the Ancillary Commencement
Date.


(v)       Notwithstanding
anything to the contrary herein or in any other Loan Document (including Section 9.02 hereof), no amendment or waiver
of any term of any Ancillary Facility shall require the consent of any Lender other than the relevant Ancillary Lender except to
the extent that such amendment or waiver otherwise gives rise to a matter that would require an amendment of or waiver under this
Agreement (including, for the avoidance of doubt, under this Section 2.26), in which case the provisions of Section 9.02
shall apply thereto.


(b)       Terms
of Ancillary Facilities. (i) Except as provided below in this Section 2.26, the terms of any Ancillary Facility
will be agreed by the relevant Ancillary Lender and the relevant Revolving Facility Borrower; provided that such terms
(A) may only allow the relevant Revolving Facility Borrower or an Affiliate Ancillary Borrower identified by such Revolving
Facility Borrower to use the Ancillary Facility, (B) may not permit the amount of Ancillary Outstandings to exceed the Available
Ancillary Commitment with respect to such Ancillary Facility, (C) may not allow the Ancillary Commitment of any Ancillary
Lender to exceed the Unused Multicurrency Revolving Credit Commitment of such Ancillary Lender (before taking into account the
effect of such Ancillary Facility on such Unused Multicurrency Revolving Credit Commitment), (D) shall require that the Ancillary
Commitment in respect of such Ancillary Facility will be reduced to zero, and that all Ancillary Outstandings will be repaid (or
Cash collateralized or back-stopped by a letter of credit or otherwise in a manner reasonably satisfactory to the relevant Ancillary
Lender, in each case, in an amount equal to 100% of such Ancillary Outstandings) on or prior to the applicable Maturity Date
for such Multicurrency Revolving Lender’s tranche of Multicurrency Revolving Credit Commitments (or such date as the Multicurrency
Revolving Credit Commitment of the relevant Ancillary Lender (or its Affiliates) is reduced to zero) and (E) shall otherwise
be based upon normal commercial terms as determined by the board of the relevant Revolving Facility Borrower (or of the Lead Borrower)
and such Ancillary Lender, at the time such Ancillary Facility is entered into (except as varied by this Agreement).



    	 	-109-	 



     


    




(ii)       If
there is an inconsistency between any term of any Ancillary Facility and any term of this Agreement, this Agreement shall prevail,
except for (A) those terms relating to the calculation of fees, interest, or commission relating to any Ancillary Facility,
(B) any Ancillary Facility comprising more than one account, where the terms of the relevant Ancillary Documents shall prevail
to the extent required to permit the netting of balances in respect of the relevant accounts and (C) where the relevant term
of this Agreement would be contrary to, or inconsistent with, the law governing the relevant Ancillary Document, in which case
the relevant term of this Agreement shall be superseded by the terms of the relevant Ancillary Document to the extent necessary
to eliminate the subject conflict or inconsistency; provided, however, that notwithstanding anything to the
contrary herein, (x) no Ancillary Document shall contain any representation or warranty, covenant or event of default that
is not set forth in this Agreement (and any such representation or warranty, covenant or event of default not set forth in this
Agreement shall be rendered null and void) and (y) all representations and warranties, covenants, events of default, indemnification
and similar obligations set forth in any Ancillary Document shall contain standards, qualifications, thresholds and exceptions
for materiality or otherwise consistent with those set forth in this Agreement (and, to the extent inconsistent therewith, the
relevant Ancillary Documents shall be deemed to automatically incorporate the applicable standards, qualifications, thresholds
and exceptions set forth herein without action by any Person).


(iii)       Notwithstanding
anything to the contrary herein, in any other Loan Document or in any Ancillary Document, no breach of any representation, warranty,
undertaking or other term of (or default or event of default under) any Ancillary Document shall be deemed to constitute, or result
in, a breach of any representation, warranty, undertaking or other term of, or Default or Event of Default under, this Agreement
or any other Loan Document.


(c)       Repayment
of Ancillary Facilities.


(i)       Each
Ancillary Commitment shall terminate on the applicable Maturity Date for such Multicurrency Revolving Lender’s tranche of
Multicurrency Revolving Credit Commitments or such earlier date on which its expiry date occurs or in which it is cancelled, in
each case, in accordance with the terms of this Agreement.


(ii)       Upon
the expiration of any Ancillary Facility in accordance with its terms, the Ancillary Commitment of the relevant Ancillary Lender
shall be reduced to zero (and the Unused Multicurrency Revolving Credit Commitment of such Ancillary Lender shall be increased
accordingly). Upon the making of one or more Multicurrency Revolving Loans as provided below in an amount sufficient to repay the
Ancillary Outstandings under any Ancillary Facility, such Ancillary Facility shall be cancelled upon receipt by the relevant Ancillary
Lender of the proceeds thereof.


(iii)       No
Ancillary Lender may demand repayment, prepayment or Cash collateralization of any amounts made available or liabilities incurred
by it under any Ancillary Facility (except where the relevant Ancillary Facility is provided on a net limit basis to the extent
required to reduce any gross outstandings to the net limit) unless (A) the applicable Maturity Date for such Multicurrency
Revolving Lender’s tranche of Multicurrency Revolving Credit Commitments has occurred, (B) the Multicurrency Revolving
Loans have been declared immediately due and payable and all Multicurrency Revolving Credit Commitments terminated in accordance
with Section 7.01, (C) the expiration date of the relevant Ancillary Facility occurs, (D) it becomes unlawful
in any applicable jurisdiction for the relevant Ancillary Lender to perform its obligations under this Agreement or to fund, issue
or maintain its participation in the relevant Ancillary Facility or (E) the Ancillary Outstandings (if any) under the relevant
Ancillary Facility may be refinanced in an equivalent amount by a Multicurrency Revolving Loan and the relevant Ancillary Lender
provides sufficient notice to permit the refinancing of such Ancillary Outstandings with a Multicurrency Revolving Loan.



    	 	-110-	 



     


    




(iv)       Notwithstanding
anything to the contrary herein, for the purposes of determining whether or not the Ancillary Outstandings under any Ancillary
Facility referenced in clause (c)(iii)(E) above may be refinanced by a Multicurrency Revolving Loan, (A) the Multicurrency
Revolving Credit Commitment of the relevant Ancillary Lender will be increased by the amount of its Ancillary Commitment in respect
of such Ancillary Facility and (B) unless the circumstances described in clauses (c)(iii)(A) or (B) then
exist, each Multicurrency Revolving Lender shall be obligated to make a Multicurrency Revolving Loan to the applicable Revolving
Facility Borrower for the purpose of refinancing the relevant Ancillary Outstandings on a pro rata basis in accordance with
its Multicurrency Revolving Applicable Percentage whether or not a Default or Event of Default exists or any other applicable condition
precedent is not satisfied and irrespective of whether any Borrower has delivered a Borrowing Request.


(v)       With
respect to any Ancillary Facility that comprises an overdraft facility in which a Designated Net Amount has been established, for
the purposes of calculating compliance with the Designated Net Amount, the Ancillary Lender providing such Ancillary Facility shall
only be obligated to take into account the credit balances which it is permitted to take into account by then applicable law and
regulations relating to its reporting of exposures to applicable regulatory authorities as netted for capital adequacy purposes.


(d)       Ancillary
Outstandings. The applicable Revolving Facility Borrower and each Ancillary Lender agree with and for the benefit of each Multicurrency
Revolving Lender that (i) the Ancillary Outstandings under any Ancillary Facility provided by such Ancillary Lender shall
not exceed the Ancillary Commitment applicable to such Ancillary Facility and (ii) in relation to a Multi­account Overdraft,
(x) the Ancillary Outstandings under such Ancillary Facility shall not exceed the Designated Net Amount in respect of such
Multi­account Overdraft and (y) the Gross Outstandings shall not exceed the Designated Gross Amount applicable to such Multi­account
Overdraft.


(e)       Adjustment
for Ancillary Facilities upon Acceleration.


(i)       If
a notice is served under Section 7.01 (other than a notice declaring all Obligations to be due and payable), each Multicurrency
Revolving Lender (including each Ancillary Lender) shall promptly adjust (by making or receiving (as the case may be) corresponding
transfers of rights and obligations under the Loan Documents relating to Multicurrency Revolving Credit Exposure) their claims
in respect of amounts outstanding to them under the Multicurrency Revolving Facility and each Ancillary Facility to the extent
necessary to ensure that after such transfers, the Multicurrency Revolving Outstandings of each Multicurrency Revolving Lender
bear the same proportion to the Total Multicurrency Revolving Outstandings as such Multicurrency Revolving Lender’s Multicurrency
Revolving Applicable Percentage, each as at the date the notice is served under Section 7.01.


(ii)       If
an amount outstanding under an Ancillary Facility is a contingent liability and that contingent liability becomes an actual liability
or is reduced to zero after the original adjustment is made under paragraph (i) above, then each Multicurrency Revolving
Lender (including each Ancillary Lender) will make a further adjustment (by making or receiving (as the case may be) corresponding
transfers of rights and obligations under the Loan Documents relating to Multicurrency Revolving Outstandings to the extent necessary)
to put themselves in the position they would have been in had the original adjustment been determined by reference to the actual
liability or, as the case may be, zero liability and not the contingent liability.


(iii)       Any
transfer of rights and obligations relating to Multicurrency Revolving Outstandings made pursuant to this Section 2.26(e)
shall be made for a purchase price in Cash, payable at the time of transfer in the applicable currency of such Multicurrency Revolving
Outstanding, in an amount equal to such Multicurrency Revolving Outstandings.



    	 	-111-	 



     


    




(iv)       All
calculations to be made pursuant to this Section 2.26(e) shall be made by the Administrative Agent based upon information
provided to it by the Multicurrency Revolving Lenders (including Ancillary Lenders) and the Exchange Rate.


(f)       Pro
Rata Adjustments of Participations in Revolving Letters of Credit upon Establishment or Termination of Ancillary Facilities.


(i)       Upon
the implementation, increase, reduction, cancellation or termination of any Ancillary Facility pursuant to this Section 2.26:


(A)       the
Multicurrency Revolving Lenders (including the Multicurrency Revolving Lender providing, reducing, canceling or terminating such
Ancillary Facility) shall assign Multicurrency Revolving Loans to certain other Multicurrency Revolving Lenders, and such other
Multicurrency Revolving Lenders (and the Multicurrency Revolving Lender providing, reducing, canceling or terminating such Ancillary
Facility) shall purchase such Multicurrency Revolving Loans, in each case to the extent necessary so that all of the Multicurrency
Revolving Lenders participate in each outstanding Borrowing of Multicurrency Revolving Loans pro rata on the basis of their respective
Multicurrency Revolving Credit Commitments (after giving effect to any increase or decrease in the Multicurrency Revolving Credit
Commitments pursuant to Section 2.26); it being understood and agreed that the minimum borrowing, pro rata borrowing
and pro rata payment requirements contained elsewhere in this Agreement shall not apply to the transactions effected pursuant to
the immediately preceding sentence; and


(B)       each
Multicurrency Revolving Lender (including the Multicurrency Revolving Lender providing, reducing, canceling or terminating such
Ancillary Facility) will automatically and without further act be deemed to have assigned to each other Multicurrency Revolving
Lender and each other Multicurrency Revolving Lender (including the Multicurrency Revolving Lender providing, reducing, canceling
or terminating such Ancillary Facility) will automatically and without further act be deemed to have assumed a portion of such
Multicurrency Revolving Lender’s participations hereunder in outstanding Letters of Credit such that, after giving effect
to each deemed assignment and assumption of participations, all of the Multicurrency Revolving Lenders’ participations hereunder
in Letters of Credit shall be held on a pro rata basis on the basis of their respective Multicurrency Revolving Credit Commitments
(after giving effect to any increase or decrease in the Multicurrency Revolving Credit Commitments pursuant to Section 2.26).


(g)       Information.
The applicable Revolving Facility Borrower and each Ancillary Lender shall, promptly upon the request of the Administrative Agent,
provide the Administrative Agent with any information relating to the operation of such Ancillary Facility (including the amount
of Ancillary Outstandings) as the Administrative Agent may from time to time reasonably request (which information shall be subject
to compliance with Section 9.13).


(h)       Affiliates
of Multicurrency Revolving Lenders as Ancillary Lenders.


(i)       Subject
to the terms of this Agreement, an Affiliate of any Multicurrency Revolving Lender may become an Ancillary Lender (other than a
Disqualified Institution), in which case Multicurrency such Revolving Lender and such Affiliate shall be treated as a single Multicurrency
Revolving Lender whose Multicurrency Revolving Credit Commitment is as set forth in Schedule 1.01(a) or in the Assignment
and Assumption pursuant to which such Multicurrency Revolving Lender assumed its Multicurrency Revolving Credit Commitment, as
the same may be modified in accordance with the terms of the definition of “Multicurrency Revolving Credit Commitment”;
it being understood that the relevant Multicurrency Revolving Lender’s Multicurrency Revolving Credit Commitment will be
reduced to the extent of the Ancillary Commitment of such Affiliate.



    	 	-112-	 



     


    




(ii)       To
the extent that this Agreement or any other Loan Document imposes any obligation on any Ancillary Lender and such Ancillary Lender
is an Affiliate of a Multicurrency Revolving Lender and not a party thereto, the relevant Multicurrency Revolving Lender shall
ensure that such obligation is performed by such Affiliate in compliance with the terms hereof or such other Loan Document.


(iii)       Each
Ancillary Lender, in its capacity as such, hereby appoints the Administrative Agent as its agent for purposes of the Loan Documents.


(i)       Subsidiaries
of the Lead Borrower as Ancillary Borrowers.


(i)       Subject
to the terms of this Agreement, any Restricted Subsidiary of the Lead Borrower may, with the approval of the relevant Ancillary
Lender, become an Affiliate Ancillary Borrower with respect to an Ancillary Facility.


(ii)       The
Lead Borrower shall specify any of its Restricted Subsidiaries in any notice delivered by the Lead Borrower to the Administrative
Agent pursuant to Section 2.26(a).


(iii)       Where
this Agreement or any other Loan Document imposes an obligation on a borrower under an Ancillary Facility and the relevant borrower
is a Restricted Subsidiary of the Lead Borrower which is not a party to such document, the Lead Borrower shall ensure that the
obligation is performed by its Restricted Subsidiary.


(iv)       Any
reference in this Agreement or any other Loan Document to the Lead Borrower being under no obligations (whether actual or contingent)
as a Borrower under such Loan Document shall be construed to include a reference to any Restricted Subsidiary of the Lead Borrower
being under no obligations under any Loan Document or Ancillary Document.


(j)       Each
Ancillary Lender, in its capacity as such, hereby appoints the Administrative Agent and the Collateral Agent as its agents for
purposes of the Loan Documents.


(k)       The
rate and time of payment and interest, commission, fees and any other remuneration in respect of each Ancillary Facility shall
be determined by agreement between the relevant Ancillary Lender and the applicable Revolving Facility Borrower of that Ancillary
Facility based upon normal market rates and terms.


Section 2.27     Benchmark Replacement.


(a)       Notwithstanding
anything to the contrary herein or in any other Loan Document, upon the occurrence of a Benchmark Transition Event or an Early
Opt-in Election, as applicable, the Administrative Agent and the Lead Borrower may amend this Agreement to replace the LIBO Rate
with a Benchmark Replacement. Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00 p.m.
on the fifth (5th) Business Day after the Administrative Agent has posted such proposed amendment to all Lenders and
the Lead Borrower so long as the Administrative Agent has not received, by such time, written notice of objection to such amendment
from Lenders comprising the Required Lenders. Any such amendment with respect to an Early Opt-in Election will become effective
on the date that Lenders comprising the Required Lenders have delivered to the Administrative Agent written notice that such Required
Lenders accept such amendment. No replacement of the LIBO Rate with a Benchmark Replacement pursuant to this Section 2.27
will occur prior to the applicable Benchmark Transition Start Date.


 


(b)       Benchmark
Replacement Conforming Changes. In connection with the implementation of a Benchmark Replacement, the Administrative Agent
will have the right to make Benchmark Replacement Conforming Changes from time to time and, notwithstanding anything to the contrary
herein or in any other Loan Document, any amendments implementing such Benchmark Replacement Conforming Changes will become effective
without any further action or consent of any other party to this Agreement.


 






    	 	-113-	 



     


    

 


(c)       Notices;
Standards for Decisions and Determinations. The Administrative Agent will promptly notify the Lead Borrower and the Lenders
of (i) any occurrence of a Benchmark Transition Event or an Early Opt-in Election, as applicable, and its related Benchmark Replacement
Date and Benchmark Transition Start Date, (ii) the implementation of any Benchmark Replacement, (iii) the effectiveness of any
Benchmark Replacement Conforming Changes and (iv) the commencement or conclusion of any Benchmark Unavailability Period. Any determination,
decision or election that may be made by the Administrative Agent or Lenders pursuant to this Section 2.27, including any
determination with respect to a tenor, rate or adjustment or of the occurrence or non-occurrence of an event, circumstance or date
and any decision to take or refrain from taking any action, will be conclusive and binding absent manifest error and may be made
in its or their sole discretion and without consent from any other party hereto, except, in each case, as expressly required pursuant
to this Section 2.27.


 


(d)       Benchmark
Unavailability Period. Upon the Lead Borrower’s receipt of notice of the commencement of a Benchmark Unavailability
Period, (x) any request for a borrowing of a LIBO Rate Loan or the conversion to or continuation of LIBO Rate Loan, in each case,
to be made, converted or continued as applicable, during any Benchmark Unavailability Period shall be deemed revoked and (y) the
Borrower shall repay any outstanding LIBO Rate Loan on the last day of the Interest Period relating thereto to the extent such
date occurs during any Benchmark Unavailability Period.


 


ARTICLE
3



REPRESENTATIONS AND WARRANTIES


On the Closing Date, and thereafter on
the dates and to the extent required pursuant to Section 4.02, each of (i) Holdings, solely with respect to Sections 3.01,
3.02, 3.03, 3.07, 3.08, 3.09, 3.13, 3.14, 3.16 and 3.17 and
(ii) the Lead Borrower hereby represent and warrant to the Lenders that:


Section 3.01     Organization;
Powers. Each of the Loan Parties and each of their Restricted Subsidiaries (a) is (i) duly organized and validly
existing and (ii) in good standing (to the extent such concept exists in the relevant jurisdiction) under the laws of its
jurisdiction of organization, (b) has all requisite organizational power and authority to own its property and assets and
to carry on its business as now conducted and (c) is qualified to do business in, and is in good standing (to the extent such
concept exists in the relevant jurisdiction) in, every jurisdiction where its ownership, lease or operation of properties or conduct
of its business requires such qualification; except, in each case referred to in this Section 3.01 (other than
clause (a)(i) with respect to each Borrower and clause (b) with respect to the Loan Parties) where the
failure to do so, individually or in the aggregate, would not reasonably be expected to result in a Material Adverse Effect.


Section 3.02     Authorization;
Enforceability. The execution, delivery and performance of each of the Loan Documents are within each applicable Loan Party’s
corporate or other organizational power and have been duly authorized by all necessary corporate or other organizational action
of such Loan Party. Each Loan Document to which any Loan Party is a party has been duly executed and delivered by such Loan Party
and is a legal, valid and binding obligation of such Loan Party, enforceable in accordance with its terms, subject to the Legal
Reservations.


Section 3.01     Governmental Approvals;
No Conflicts. The execution and delivery of the Loan Documents by each Loan Party party thereto and the performance by such
Loan Party thereof (a) do not require any consent or approval of, registration or filing with, or any other action by, any
Governmental Authority, except (i) such as have been obtained or made and are in full force and effect, (ii) in connection
with the Perfection Requirements and (iii) such consents, approvals, registrations, filings, or other actions the failure
to obtain or make which would not be reasonably expected to have a Material Adverse Effect, (b) will not violate any (i) of
such Loan Party’s Organizational Documents or (ii) Requirements of Law applicable to such Loan Party which violation,
in the case of this clause (b)(ii), could reasonably be expected to have a Material Adverse Effect and (c) will
not violate or result in a default under any material Contractual Obligation to which such Loan Party is a party which violation,
in the case of this clause (c), could reasonably be expected to result in a Material Adverse Effect.


Section 3.04     Financial
Condition; No Material Adverse Effect.



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(a)       The
financial statements most recently provided pursuant to Section 5.01(a) or (b), as applicable, present fairly,
in all material respects, the financial position and results of operations and cash flows of the Lead Borrower on a consolidated
basis as of such dates and for such periods in accordance with GAAP, subject, in the case of financial statements provided pursuant
to Section 5.01(a), to the absence of footnotes and normal year-end adjustments.


(b)       Since
the Closing Date, there have been no events, developments or circumstances that have had, or could reasonably be expected to have,
individually or in the aggregate, a Material Adverse Effect.


Section 3.05     Properties; Intellectual
Property.


(a)       As
of the Closing Date, Schedule 3.05 sets forth the address of each Material Real Estate Asset (or each set of such assets
that collectively comprise one operating property) that is owned in fee simple by any Loan Party.


(b)       The
Borrowers and each of their Restricted Subsidiaries have good and valid fee simple title to or rights to purchase, or valid leasehold
interests in, or easements or other limited property interests in, all of their respective Real Estate Assets and have good title
to their personal property and assets, in each case, except (i) for defects in title that do not materially interfere with
their ability to conduct their business as currently conducted or to utilize such properties and assets for their intended purposes
or (ii) where the failure to have such title would not reasonably be expected to have a Material Adverse Effect. All such
properties and assets are free and clear of Liens, other than Permitted Liens.


(c)       The
Borrowers and their Restricted Subsidiaries own or otherwise have a license or right to use all rights in Patents, Trademarks,
Copyrights and other rights in works of authorship (including all copyrights embodied in software), domain names, trade secrets
and all other intellectual property rights (“IP Rights”) used to conduct the businesses of the Borrowers and
their Restricted Subsidiaries as presently conducted without, to the knowledge of the Borrowers, any infringement or misappropriation
of the IP Rights of third parties, except to the extent such failure to own or license or have rights to use would not, or where
such infringement or misappropriation would not reasonably be expected to have, individually or in the aggregate, a Material Adverse
Effect.


Section 3.06     Litigation and Environmental
Matters.


(a)       There
are no actions, suits or proceedings by or before any arbitrator or Governmental Authority pending against or, to the knowledge
of the Borrowers, threatened in writing against or affecting the Loan Parties or any of their Restricted Subsidiaries which would
reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect.


(b)       Except
for any matters that, individually or in the aggregate, would not reasonably be expected to result in a Material Adverse Effect,
(i) no Loan Party nor any of its Restricted Subsidiaries is subject to or has received notice of any Environmental Claim or
any Environmental Liability and (ii) no Loan Party nor any of its Restricted Subsidiaries has failed to comply with any Environmental
Law or to obtain, maintain or comply with any permit, license or other approval required under any Environmental Law.


(c)       Neither
any Loan Party nor any of its Restricted Subsidiaries has treated, stored, transported or Released any Hazardous Materials on,
at or from any currently or formerly operated real estate or facility in a manner that would reasonably be expected to have a Material
Adverse Effect.


Section 3.07     Compliance with Laws.
Each of Holdings, each Borrower and each of the Borrowers’ Restricted Subsidiary is in compliance with all Requirements of
Law applicable to it or its property, except, in each case where the failure to do so, individually or in the aggregate, would
not reasonably be expected to result in a Material Adverse Effect.



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Section 3.08     Investment Company
Status. No Loan Party is an “investment company” as defined in, or is required to be registered under, the Investment
Company Act of 1940.


Section 3.09     Taxes. Each of
Holdings, the Borrowers and each of their Restricted Subsidiaries has timely filed or caused to be filed all Tax returns and reports
required to have been filed and has paid or caused to be paid all Taxes required to have been paid by it that are due and payable,
including in its capacity as a withholding agent, except (a) Taxes that are being contested in good faith by appropriate proceedings
and for which such Borrower or such Restricted Subsidiary, as applicable, has set aside on its books adequate reserves in accordance
with GAAP or (b) to the extent that the failure to do so, individually or in the aggregate, would not reasonably be expected
to result in a Material Adverse Effect.


Section 3.10     ERISA.


(a)       Each
Pension Plan is in compliance in form and operation with its terms and with ERISA and the Code and all other applicable laws and
regulations, except where any failure to comply would not reasonably be expected to result in a Material Adverse Effect.


(b)       No
ERISA Event has occurred and is continuing or is reasonably expected to occur that, when taken together with all other such ERISA
Events for which liability is reasonably expected to occur, would reasonably be expected to result in a Material Adverse Effect.


Section 3.11     Disclosure.


(a)       As
of the Closing Date, all written information (other than the Projections, other foward-looking information and information of a
general economic or industry­specific nature) concerning the Lead Borrower and its Restricted Subsidiaries and the Transactions
and that was included in the Information Memorandum or otherwise prepared by or on behalf of the Lead Borrower or its subsidiaries
or their respective representatives and made available to any Lender or the Administrative Agent in connection with the Transactions
on or before the Closing Date, when taken as a whole, did not, when furnished, contain any untrue statement of a material fact
or omit to state a material fact necessary in order to make the statements contained therein not materially misleading in light
of the circumstances under which such statements are made (after giving effect to all supplements and updates thereto from time
to time).


(b)       The
Projections have been prepared in good faith based upon assumptions believed by the Lead Borrower to be reasonable at the time
furnished (it being recognized that such Projections are not to be viewed as facts and are subject to significant uncertainties
and contingencies many of which are beyond the Lead Borrower’s control, that no assurance can be given that any particular
financial projections (including the Projections) will be realized, that actual results may differ from projected results and that
such differences may be material).


Section 3.12     Solvency. As of
the Closing Date, immediately after the consummation of the Transactions to occur on the Closing Date and the incurrence of indebtedness
and obligations on the Closing Date in connection with this Agreement and the other Transactions, (i) the sum of the debt
(including contingent liabilities) of the Lead Borrower and its Restricted Subsidiaries, taken as a whole, does not exceed the
fair value of the assets of the Lead Borrower and its Restricted Subsidiaries, taken as a whole; (ii) the present fair
saleable value of the assets of the Lead Borrower and its Restricted Subsidiaries, taken as a whole, is not less than the amount
that will be required to pay the probable liabilities (including contingent liabilities) of the Lead Borrower and its Restricted
Subsidiaries, taken as a whole, on their debts as they become absolute and matured; (iii) the capital of the Lead Borrower
and its Restricted Subsidiaries, taken as a whole, is not unreasonably small in relation to the business of the Lead Borrower and
its Restricted Subsidiaries, taken as a whole, contemplated as of the Closing Date; and (iv) the Lead Borrower and its
Restricted Subsidiaries, taken as a whole, do not intend to incur, or believe that they will incur, debts (including current obligations
and contingent liabilities) beyond their ability to pay such debts as they mature in the ordinary course of business. For the purposes
hereof, the amount of any contingent liability at any time shall be computed as the amount that, in light of all of the facts and
circumstances existing at such time, represents the amount that can reasonably be expected to become an actual or matured liability
(irrespective of



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whether such contingent liability meets the criteria for accrual under Statement of Financial Accounting Standards
No. 5).


Section 3.13     Capitalization and
Subsidiaries. Schedule 3.13 sets forth, in each case as of the Closing Date, (a) a correct and complete list
of the name of each subsidiary of Holdings and the ownership interest therein held by Holdings or its applicable subsidiary, and
(b) the type of entity of Holdings and each of its subsidiaries.


Section 3.14     Security Interest
in Collateral. Subject to the terms of the last paragraph of Section 4.01, the Legal Reservations, the Perfection
Requirements, the provisions of this Agreement and the other relevant Loan Documents, the Collateral Documents create legal, valid
and enforceable Liens on all of the Collateral in favor of the Administrative Agent, for the benefit of itself and the other Secured
Parties, and upon the satisfaction of the Perfection Requirements, such Liens constitute perfected Liens (with the priority that
such Liens are expressed to have under the relevant Collateral Documents) on the Collateral (to the extent such Liens are required
to be perfected under the terms of the Loan Documents) securing the Secured Obligations, in each case as and to the extent set
forth therein.


Section 3.15     Labor Disputes.
Except as individually or in the aggregate would not reasonably be expected to have a Material Adverse Effect: (a) there are
no strikes, lockouts or slowdowns against the Lead Borrower or any of its Restricted Subsidiaries pending or, to the knowledge
of the Lead Borrower or any of its Restricted Subsidiaries, threatened and (b) the hours worked by and payments made to employees
of the Lead Borrower and its Restricted Subsidiaries have not been in violation of the Fair Labor Standards Act or any other applicable
Federal, state, local or foreign law dealing with such matters.


Section 3.16     Federal Reserve Regulations.


(a)       On
the Closing Date, not more than 25% of the value of the assets of Holdings, the Lead Borrower and its Restricted Subsidiaries
taken as a whole is represented by Margin Stock.


(b)       None
of Holdings, the Borrowers nor any of their Restricted Subsidiaries is engaged principally, or as one of its important activities,
in the business of extending credit for the purpose of buying or carrying Margin Stock.


(c)       No
part of the proceeds of any Loan or any Letter of Credit will be used, whether directly or indirectly, and whether immediately,
incidentally or ultimately, for any purpose that results in a violation of the provisions of Regulation T, U or X.


Section 3.17     Economic and Trade
Sanctions and Anti-Corruption Laws.


(a)       (i)
None of Holdings and none of the Borrowers nor any of their Restricted Subsidiaries nor, to the knowledge of any Borrower, any
director, officer, agent, employee or Affiliate of any of the foregoing is (A) a person on the list of “Specially Designated
Nationals and Blocked Persons” or (B) currently subject to any U.S. sanctions administered by the Office of Foreign
Assets Control of the U.S. Treasury Department (“OFAC”) or the U.S. State Department or sanctions
administered by the United Nations, European Union, the Federal Republic of German or Her Majesty’s Treasury of the United
Kingdom; and (ii) no Borrower will directly or, to its knowledge, indirectly, use the proceeds of the Loans or Letters
of Credit or otherwise make available such proceeds to any Person, for the purpose of financing the activities of any Person currently
subject to any U.S. sanctions administered by OFAC or by the U.S. Department of State or sanctions administered by the
United Nations, European Union, the Federal Republic of German or Her Majesty’s Treasury of the United Kingdom, except to
the extent licensed or otherwise not prohibited by OFAC or by the U.S. Department of State or by the United Nations, European
Union, the Federal Republic of German or Her Majesty’s Treasury of the United Kingdom.


(b)       To
the extent applicable, each Loan Party is in compliance in all material respects with (i) each of the foreign assets control
regulations of the U.S. Treasury Department (31 CFR, Subtitle B, Chapter V), and any other enabling legislation
or executive order relating thereto, (ii) the USA PATRIOT Act and (iii) the Sanctions Laws and Regulations.



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(c)       No
part of the proceeds of any Loan or any Letter of Credit will be used, directly or, to the knowledge of the Borrowers, indirectly,
for any payments to any governmental official or employee, political party, official of a political party, candidate for political
office, or anyone else acting in an official capacity, in order to improperly obtain, retain or direct business or obtain any improper
advantage, in violation of the U.S. Foreign Corrupt Practices Act of 1977 (the “FCPA”), the U.K. Bribery
Act of 2010, as amended, or any other applicable anti­bribery or anti-corruption law.


(d)       The
representations and warranties in this Section 3.17 are made only to the extent that they do not result in a violation of
or conflict with Section 7 of the German Foreign Trade and Payments Regulation (Außenwirtschaftsverordnung)
or Art. 5(1) of Council Regulation (EC) 2271/96; provided that, to the extent that any person cannot make any of the
representations or warranties contained in this paragraph, such person shall be in compliance, in all material respects, with the
equivalent requirements of law, if any, that are applicable to or binding upon such person or any of its property or to which such
person or any of its property is subject in its local jurisdiction.


Section 3.18     Senior Indebtedness.
The Obligations constitute “Senior Indebtedness” (or any comparable term) under and as defined in the documentation
governing any Junior Indebtedness.


Section 3.19     Use of Proceeds.
The Borrowers will use the proceeds of the Loans in accordance with Section 5.11.


Section 3.20     Insurance. As
of the Closing Date, the Lead Borrower and its Restricted Subsidiaries have insurance required by Section 5.05 of this Agreement
and such insurance is in full force and effect.


Section 3.21     Central Administration;
COMI. After the Closing Date and if applicable and unless otherwise consented to by the Administrative Agent, the German Borrower
and the U.K. Borrower each has its central administration (administration centrale) and, for the purposes of the European
Insolvency Regulation, the center of its main interests (centre des intérêts principaux) at the place of its
registered office (siège statutaire) in Germany or, as the case may be, England and Wales, and, has no establishment
(as defined in the European Insolvency Regulation) outside Germany or, as the case may be, England and Wales.


ARTICLE
4



CONDITIONS


Section 4.01     Closing Date.
The obligations of (i) any Lender to make Loans and (ii) any Issuing Bank to issue Letters of Credit shall not become
effective until the date on which each of the following conditions is satisfied (or waived in accordance with Section 9.02):


(a)       Credit
Agreement and Loan Documents. The Administrative Agent (or its counsel) shall have received from each Loan Party, the Administrative
Agent, the Collateral Agent and the Lenders party thereto a counterpart of (A) this Agreement, (B) any Promissory Note
requested by a Lender at least three Business Days prior to the Closing Date signed on behalf of such party and (C) a Borrowing
Request as required by Section 2.03.


(b)       Legal
Opinions. The Administrative Agent shall have received a customary written opinion of Paul Weiss Rifkind Wharton & Garrison
LLP, in its capacity as New York special counsel for Holdings, the Borrowers and the Subsidiary Guarantors, dated the Closing Date
and addressed to the Administrative Agent, the Lenders and each Issuing Bank.


(c)       [Reserved].


(d)       Closing
Certificates; Certified Charters; Good Standing Certificates. The Administrative Agent shall have received (i) a
certificate of each Loan Party, dated the Closing Date and executed by a secretary, assistant secretary or other senior officer
(as the case may be) thereof, which shall (A) certify that attached thereto is a true and complete copy of the resolutions
or written consents of its shareholders, board of directors, board of



    	 	-118-	 



     


    

 


managers, members or other governing body authorizing the
execution, delivery and performance of the Loan Documents to which it is a party and, in the case of the Lead Borrower, the borrowings
hereunder, and that such resolutions or written consents have not been modified, rescinded or amended and are in full force and
effect, (B) identify by name and title and bear the signatures of the officers, managers, directors or authorized signatories
of such Loan Party authorized to sign the Loan Documents to which it is a party on the Closing Date and (C) certify (x) that
attached thereto is a true and complete copy of the certificate or articles of incorporation or organization (or memorandum of
association or other equivalent thereof) of such Loan Party certified by the relevant authority of the jurisdiction of organization
of such Loan Party and a true and correct copy of its by-laws or operating, management, partnership or similar agreement and (y) that
such documents or agreements have not been amended (except as otherwise attached to such certificate and certified therein as being
the only amendments thereto as of such date) and (ii) a good standing (or equivalent) certificate as of a recent date for
such Loan Party from its jurisdiction of organization.


(e)       Fees.
Prior to or substantially concurrently with the Closing Date, the Administrative Agent shall have received (i) all fees required
to be paid by the Lead Borrower on the Closing Date pursuant to the Engagement Letter and (ii) all expenses required to be paid
by the Lead Borrower for which invoices have been presented at least three Business Days prior to the Closing Date or such later
date to which the Lead Borrower may agree (including the reasonable fees and expenses of legal counsel), in each case on or before
the Closing Date, which amounts may be offset against the proceeds of the Loans.


(f)       Refinancing.
Prior to or substantially concurrently with the initial funding of the Loans hereunder, all obligations of the Lead Borrower and
its Restricted Subsidiaries under the Existing Credit Agreement will be repaid in accordance with the terms of the applicable agreement
(the actions described in this Section 4.01(f), the “Refinancing”).


(g)       Solvency.
The Administrative Agent shall have received a certificate dated as of the Closing Date in substantially the form of Exhibit M
from the chief financial officer (or other officer with reasonably equivalent responsibilities) of the Lead Borrower certifying
as to the matters set forth therein.


(h)       Perfection
Certificate. The Administrative Agent shall have received a completed Perfection Certificate dated the Closing Date and signed
by a Responsible Officer of the Lead Borrower, together with all attachments contemplated thereby.


(i)       Pledged
Stock; Stock Powers; Pledged Notes. The Administrative Agent (or its bailee) shall have received (i) the certificates
representing the Capital Stock required to be pledged pursuant to the Security Agreement, together with an undated stock or similar
power for each such certificate executed in blank by a duly authorized officer of the pledgor thereof, and (ii) each Material
Debt Instrument (if any) endorsed (without recourse) in blank (or accompanied by an executed transfer form in blank) by the pledgor
thereof.


(j)       Filings
Registrations and Recordings. Each document (including any UCC (or similar) financing statement) required by any Collateral
Document or under law to be filed, registered or recorded in order to create in favor of the Administrative Agent, for the benefit
of the Secured Parties, a perfected Lien on the Collateral required to be delivered pursuant to such Collateral Document, prior
and superior in right to any other Person (other than with respect to Permitted Liens), shall be in proper form for filing, registration
or recordation.


(k)       USA
PATRIOT Act. No later than three Business Days in advance of the Closing Date, the Administrative Agent shall have received
all documentation and other information requested by any Lender in writing with respect to any Loan Party at least ten days in
advance of the Closing Date, which documentation or other information is required by regulatory authorities under applicable “know
your customer” and anti-money laundering rules and regulations, including the USA PATRIOT Act and a certification regarding
beneficial ownership required by 31 C.F.R. § 1010.230.


(l)       Officer’s
Certificate. The Administrative Agent shall have received a certificate signed by a Responsible Officer or director of the
Lead Borrower certifying as of the Closing Date as to the matters set forth in Sections 4.02(b) and 4.02(c).



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For purposes of determining whether the
conditions specified in this Section 4.01 have been satisfied on the Closing Date, by funding the Loans hereunder,
the Administrative Agent and each Lender that has executed this Agreement (or an Assignment and Assumption on the Closing Date)
shall be deemed to have consented to, approved or accepted, or to be satisfied with, each document or other matter required hereunder
to be consented to or approved by or acceptable or satisfactory to the Administrative Agent or such Lender, as the case may be.


Section 4.02     Each Credit Extension.
The obligation of each Lender to make a Credit Extension (which, for the avoidance of doubt, shall not include any Incremental
Loans advanced in connection with an acquisition to the extent not otherwise required by the Lenders of such Incremental Loans)
is subject to the satisfaction of the following conditions:


(a)       (i)
In the case of a Borrowing, the Administrative Agent shall have received a Borrowing Request as required by Section 2.03
or (ii) in the case of the issuance of a Letter of Credit, the applicable Issuing Bank and the Administrative Agent shall
have received a notice requesting the issuance of such Letter of Credit as required by Section 2.05(b).


(b)       The
representations and warranties of the Loan Parties set forth in this Agreement and the other Loan Documents shall be true and correct
in all material respects (or, if qualified by materiality, in all respects) on and as of the date of any such Credit Extension
with the same effect as though such representations and warranties had been made on and as of the date of such Credit Extension;
provided that to the extent that any representation and warranty specifically refers to a given date or period, it shall
be true and correct in all material respects (or, if qualified by materiality, in all respects) as of such date or for such period.


(c)       At
the time of and immediately after giving effect to the applicable Credit Extension, no Event of Default or Default exists.


Each Credit Extension after the Closing
Date shall be deemed to constitute a representation and warranty by the applicable Borrower on the date thereof as to the matters
specified in paragraphs (b) and (c) of this Section 4.02.


ARTICLE
5



AFFIRMATIVE COVENANTS


From the Closing Date until the date that
all the Revolving Credit Commitments and any Additional Commitments have expired or terminated and the principal of and interest
on each Loan and all fees, expenses and other amounts payable under any Loan Document (other than contingent indemnification obligations
for which no claim or demand has been made) have been paid in full in Cash and all Letters of Credit have expired or have been
terminated (or have been collateralized or back-stopped by a letter of credit or otherwise in a manner reasonably satisfactory to
the Administrative Agent and the Issuing Banks) and all LC Disbursements have been reimbursed (such date, the “Termination
Date”), (i) in the case of Holdings, solely with respect to Sections 5.02, 5.03 and 5.08
and (ii) the Borrowers hereby covenant and agree with the Lenders that:


Section 5.01     Financial Statements
and Other Reports. The Lead Borrower will deliver to the Administrative Agent for delivery to each Lender:


(a)       Quarterly
Financial Statements. Within the later of (i) 45 days after the end of each of the first three Fiscal Quarters of each
fiscal year and (ii) the date the following statements would have been required to be filed under the rules and regulations
of the SEC, giving effect to any automatic extension available under Rule 12b-25 of the Securities Exchange Act of 1934
for the filing of such statements, the consolidated balance sheet of the Lead Borrower as at the end of such Fiscal Quarter and
the related consolidated statements of income and cash flows of the Lead Borrower for such Fiscal Quarter and for the period from
the beginning of the then current Fiscal Year to the end of such Fiscal Quarter, and setting forth, in reasonable detail, in comparative
form the corresponding figures for the corresponding periods of the previous Fiscal Year, all in reasonable detail, together



    	 	-120-	 



     


    

 


with
a Responsible Officer Certification with respect thereto and a Narrative Report with respect thereto (it being understood that
the delivery by the Lead Borrower of quarterly reports on Form 10-Q of the Lead Borrower or any Parent Company of the Lead
Borrower shall satisfy the requirements of this Section 5.01(a) to the extent such quarterly reports include the information
specified herein);


(b)       Annual
Financial Statements. Within the later of (i) 90 days after the end of each Fiscal Year and (ii) the date the statements
would have been required to be filed under the rules and regulations of the SEC, giving effect to any automatic extension available
under Rule 12b-25 of the Securities Exchange Act of 1934 for the filing of such statements, (i) the consolidated
balance sheet of the Lead Borrower as at the end of such Fiscal Year and the related consolidated statements of income, stockholders’
equity and cash flows of the Lead Borrower for such Fiscal Year and setting forth, in reasonable detail, in comparative form the
corresponding figures for the previous Fiscal Year and (ii) with respect to such consolidated financial statements, (A) a
report thereon of an independent certified public accountant of recognized national standing (which report shall be unqualified
as to scope of audit and as to “going concern” other than solely with respect to, or resulting solely from the maturity
of any Credit Facility occurring within one year from the time of such report), and shall state that such consolidated financial
statements fairly present, in all material respects, the consolidated financial position of the Lead Borrower as at the dates indicated
and its income and cash flows for the periods indicated in conformity with GAAP and (B) a Narrative Report with respect to
such Fiscal Year (it being understood that the delivery by the Lead Borrower of annual reports on Form 10-K of the Lead Borrower
or any Parent Company of the Lead Borrower shall satisfy the requirements of this Section 5.01(b) to the extent such annual
reports include the information specified herein);


(c)       Compliance
Certificate. Together with each delivery of financial statements of the Lead Borrower pursuant to Sections 5.01(a)
and 5.01(b), (i) a duly executed and completed Compliance Certificate, (A) certifying that no Default or
Event of Default exists (or if a Default or Event of Default exists, describing in reasonable detail such Default or Event of Default
and the steps being taken to cure, remedy or waive the same) and,
(B) in the case of financial statements delivered pursuant to
Section 5.01(b), solely to the extent the ECF Percentage is greater than 0%, setting forth reasonably detailed calculations
of Excess Cash Flow of the Lead Borrower and its Restricted Subsidiaries for each Fiscal Year beginning, if applicable, with the
financial statements for the Fiscal Year ending September 30, 2022 and (C) setting forth in reasonable
detail calculations necessary for determining compliance with Section 6.15(a), and (ii) (A) a summary of the pro
forma adjustments necessary to eliminate the accounts of Unrestricted Subsidiaries (if any) from such financial statements and
(B) a list identifying each subsidiary of the Borrowers as a Restricted Subsidiary or an Unrestricted Subsidiary as of the
date of delivery of such Compliance Certificate or confirming that there is no change in such information since the later of the
Closing Date and the date of the last such list;


(d)       [Reserved];


(e)       Notice
of Default. Promptly upon any Responsible Officer of the Lead Borrower obtaining knowledge of (i) any Default or Event
of Default or (ii) the occurrence of any event or change that has caused or evidences or would reasonably be expected to cause
or evidence, either individually or in the aggregate, a Material Adverse Effect, a reasonably detailed notice specifying the nature
and period of existence of such condition, event or change and what action the applicable Borrower has taken, is taking and proposes
to take with respect thereto;


(f)       Notice
of Litigation. Promptly upon any Responsible Officer of the Lead Borrower obtaining knowledge of (i) the institution of,
or threat of, any Adverse Proceeding not previously disclosed in writing by the Borrowers, Holdings or its Parent Company to the
Administrative Agent, or (ii) any material development in any Adverse Proceeding that, in the case of either of clause (i)
or (ii), could reasonably be expected to have a Material Adverse Effect, written notice thereof from the Lead Borrower;


(g)       ERISA.
Promptly upon any Responsible Officer of the Lead Borrower becoming aware of the occurrence of any ERISA Event that would reasonably
be expected to have a Material Adverse Effect, a written notice specifying the nature thereof;


(h)       [Reserved];



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(i)       Information
Regarding Collateral. Prompt (and in any event, within 45 days of the relevant change or such longer period as consented
by the Administrative Agent in its sole discretion) written notice of any change (i) in any Loan Party’s legal name,
(ii) in any Loan Party’s type of organization, (iii) in any Loan Party’s jurisdiction of organization or
(iv) in any Loan Party’s organizational identification number, in each case to the extent such information is necessary
to enable the Administrative Agent to perfect or maintain the perfection and priority of its security interest in the Collateral
of the relevant Loan Party, together with a certified copy of the applicable Organizational Document reflecting the relevant change;


(j)       Annual
Collateral Verification. Together with the delivery of each Compliance Certificate provided with the financial statements required
to be delivered pursuant to Section 5.01(b), a Perfection Certificate Supplement.


(k)       Certain
Reports. Promptly upon their becoming available and without duplication of any obligations with respect to any such information
that is otherwise required to be delivered under the provisions of any Loan Document, copies of, or links to copies of, all regular
and periodic reports and all registration statements (other than on Form S-8 or a similar form) and prospectuses, if any,
filed by the Lead Borrower, Holdings or its applicable Parent Company with any securities exchange or with the SEC or any analogous
governmental or private regulatory authority with jurisdiction over matters relating to securities; and


(l)       Other
Information. Such other certificates, reports and information (financial or otherwise) as the Administrative Agent may reasonably
request from time to time in connection with the financial condition or business of the Borrowers and their Restricted Subsidiaries.


Documents required to be delivered pursuant
to this Section 5.01 may be delivered electronically and if so delivered, shall be deemed to have been delivered on
the date (i) on which such documents are delivered by the Lead Borrower to the Administrative Agent for posting on behalf
of the Lead Borrower on Intralinks, SyndTrak or another relevant website, if any, to which each Lender and the Administrative Agent
have access (whether a commercial, third-party website or whether sponsored by the Administrative Agent); (ii) on which
executed certificates or other documents are faxed to the Administrative Agent (or electronically mailed to an address provided
by the Administrative Agent); or (iii) in respect of the items required to be delivered pursuant to Section 5.01(k)
in respect of information filed by the Lead Borrower or its direct or indirect Parent Company with any securities exchange or with
the SEC or any analogous governmental or private regulatory authority with jurisdiction over matters relating to securities (other
than Form 10-Q reports and Form 10-K reports described in Sections 5.01(a) and (b), respectively),
on which such items have been made available on the SEC website or the website of the relevant analogous governmental or private
regulatory authority or securities exchange.


Notwithstanding the foregoing, the obligations
in paragraphs (a) and (b) of this Section 5.01 may be satisfied with respect to any financial
statements of the Lead Borrower, at the option of the Lead Borrower, by furnishing (A) the applicable financial statements
of any Parent Company of the Lead Borrower or (B) any other Parent Company’s, as applicable, Form 10-K or 10-Q,
as applicable, filed with the SEC or any securities exchange, in each case, within the time periods specified in such paragraphs;
provided that, with respect to each of clauses (A) and (B), (i) to the extent such financial statements
relate to any Parent Company, such financial statements shall be accompanied by consolidating information that summarizes in reasonable
detail any material differences between the information relating to such Parent Company, on the one hand, and the information relating
to Lead Borrower on a standalone basis, on the other hand (it being understood that consolidating information consistent with the
presentation in Note 19 to Holdings’ financial statements included in its S-4 (registration statement 333-192634)
shall be deemed to satisfy the foregoing requirement for consolidating information) and (ii) to the extent such statements
are in lieu of statements required to be provided under Section 5.01(b), such statements shall be accompanied by a
report and opinion of an independent registered public accounting firm of nationally recognized standing, which report and opinion
shall satisfy the applicable requirements set forth in Section 5.01(b).


The Lead Borrower hereby acknowledges that
(a) the Administrative Agent and/or the Arrangers will make available to the Lenders and the Issuing Banks materials and/or information
provided by or on behalf of the Lead Borrower hereunder (collectively, “Borrower Materials”) by posting the
Borrower Materials on Syndtrak or another similar electronic system (the “Platform”) and (b) certain of the
Lenders (each, a “Public Lender”) may have personnel who do not wish to receive material non-public information
with respect to the Lead Borrower or its



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Affiliates, or the respective securities of any of the foregoing, and who may be engaged
in investment and other market-related activities with respect to such Persons’ securities. The Lead Borrower hereby agrees
that it will use commercially reasonable efforts to identify that portion of the Borrower Materials that may be distributed to
the Public Lenders and that (w) all such Borrower Materials shall be clearly and conspicuously marked “PUBLIC” which,
at a minimum, shall mean that the word “PUBLIC” shall appear prominently on the first page thereof; (x) by marking
Borrower Materials “PUBLIC,” the Lead Borrower shall be deemed to have authorized the Administrative Agent, the Arrangers,
the Issuing Banks and the Lenders to treat such Borrower Materials as not containing any material non-public information (although
it may be sensitive and proprietary) with respect to the Lead Borrower or its Affiliates or any of their respective securities
for purposes of United States federal and state securities laws (provided, however, that to the extent such Borrower
Materials constitute Confidential Information, they shall be treated as set forth in Section 9.13); (y) all Borrower Materials
marked “PUBLIC” are permitted to be made available through a portion of the Platform designated “Public Side
Information”; and (z) the Administrative Agent and the Arrangers shall be entitled to treat any Borrower Materials that are
not marked “PUBLIC” as being suitable only for posting on a portion of the Platform not designated “Public Side
Information”.


Section 5.02     Existence. Except
as otherwise permitted under Section 6.07, Holdings and the Borrowers will, and Borrowers will cause each of their
Restricted Subsidiaries to, at all times preserve and keep in full force and effect its existence and all rights, franchises, licenses
and permits material to its business except, other than with respect to the preservation of the existence of the Borrowers, to
the extent that the failure to do so could not reasonably be expected to result in a Material Adverse Effect; provided
that neither Holdings nor the Borrowers nor any of the Borrowers’ Restricted Subsidiaries shall be required to preserve
any such existence (other than with respect to the preservation of existence of the Borrowers), right, franchise, license or permit
if a Responsible Officer of such Person or such Person’s board of directors (or similar governing body) determines that the
preservation thereof is no longer desirable in the conduct of the business of such Person, and that the loss thereof is not disadvantageous
in any material respect to such Person or to the Lenders.


Section 5.03     Payment of Taxes.
Holdings and the Borrowers will, and will cause each of their Restricted Subsidiaries to, pay all Taxes imposed upon it or any
of its properties or assets or in respect of any of its income or businesses or franchises before any penalty or fine accrues thereon;
provided that no such Tax need be paid if (a) it is being contested in good faith by appropriate proceedings promptly
instituted and diligently conducted, so long as (i) adequate reserves or other appropriate provisions, as are required in
conformity with GAAP, have been made therefor, and (ii) in the case of a Tax which has or may become a Lien against any of
the Collateral, such contest proceedings conclusively operate to stay the sale of any portion of the Collateral to satisfy such
Tax or (b) failure to pay or discharge the same could not reasonably be expected to result in a Material Adverse Effect.


Section 5.04     Maintenance of Properties.
The Borrowers will, and will cause each of their Restricted Subsidiaries to, maintain or cause to be maintained in good repair,
working order and condition, ordinary wear and tear and casualty and condemnation excepted, all property reasonably necessary to
the normal conduct of business of the Borrowers and their Restricted Subsidiaries and from time to time will make or cause to be
made all needed and appropriate repairs, renewals and replacements thereof except as expressly permitted by this Agreement or where
the failure to maintain such properties or make such repairs, renewals or replacements could not reasonably be expected to have
a Material Adverse Effect.


Section 5.05     Insurance. Except
where the failure to do so would not reasonably be expected to have a Material Adverse Effect, the Borrowers will maintain or cause
to be maintained, with financially sound and reputable insurers, such insurance coverage with respect to liabilities, losses or
damage in respect of the assets, properties and businesses of the Borrowers and their Restricted Subsidiaries as may customarily
be carried or maintained under similar circumstances by Persons of established reputation engaged in similar businesses, in each
case in such amounts (giving effect to self­insurance), with such deductibles, covering such risks and otherwise on such terms and
conditions as shall be customary for such Persons, including flood insurance with respect to each Flood Hazard Property, in each
case in compliance with the Flood Insurance Laws (where applicable). Each such policy of insurance covering any Collateral shall
(i) name the Administrative Agent on behalf of the Lenders as an additional insured thereunder as its interests may appear
and (ii) to the extent available from the relevant insurance carrier, in the case of each casualty insurance policy (excluding
any business interruption insurance policy), contain a loss payable clause or endorsement that names the Administrative Agent,
on behalf of the Lenders as the loss



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payee thereunder and, to the extent available, provide for at least 30 days’
prior written notice to the Administrative Agent of any modification or cancellation of such policy (or 10 days’
prior written notice in the case of the failure to pay any premiums thereunder).


Section 5.06     Inspections. The
Borrowers will, and will cause each of their Restricted Subsidiaries to, permit any authorized representative designated by the
Administrative Agent to visit and inspect any of the properties of the Borrowers and any of their Restricted Subsidiaries at which
the principal financial records and executive officers of the applicable Person are located, to inspect, copy and take extracts
from its and their respective financial and accounting records, and to discuss its and their respective affairs, finances and accounts
with its and their Responsible Officers and independent public accountants (provided that each of the Borrowers (or any
of their subsidiaries) may, if it so chooses, be present at or participate in any such discussion), all upon reasonable notice
and at reasonable times during normal business hours; provided that, excluding such visits and inspections during the
continuation of an Event of Default, (x) only the Administrative Agent on behalf of the Lenders may exercise the rights of
the Administrative Agent and the Lenders under this Section 5.06, (y) the Administrative Agent shall not exercise
such rights more often than one time during any calendar year and (z) only one such time per calendar year shall be at the
expense of the Borrowers; provided, further, that when an Event of Default exists, the Administrative Agent
(or any of its representatives or independent contractors) may do any of the foregoing at the expense of the Borrowers at any time
during normal business hours and upon reasonable advance notice; provided, further that, notwithstanding anything
to the contrary herein, neither the Borrowers nor any Restricted Subsidiary shall be required to disclose, permit the inspection,
examination or making of copies of or taking abstracts from, or discuss any document, information, or other matter (i) that
constitutes non-financial trade secrets or non-financial proprietary information of the Borrowers and their subsidiaries and/or any
of its customers and/or suppliers, (ii) in respect of which disclosure to the Administrative Agent or any Lender (or any of
their respective representatives or contractors) is prohibited by applicable law or (iii) that is subject to attorney­client or similar privilege or constitutes attorney work product.


Section 5.07     Maintenance of Book
and Records. The Borrowers will, and will cause their Restricted Subsidiaries to maintain all financial records in accordance
with GAAP.


Section 5.08     Compliance with Laws.
Holdings and the Borrowers will, and will cause each of their Restricted Subsidiaries to, comply with the requirements of (i) the
Sanctions Laws and Regulations, the FCPA, the U.K. Bribery Act of 2010, as amended, and any other applicable anti­bribery or
Anti-Corruption law and (ii) all applicable laws, rules, regulations and orders of any Governmental Authority (including ERISA,
all Environmental Laws and the USA PATRIOT Act), except, in the case of clause (ii), to the extent the failure to so
comply could not reasonably be expected to have a Material Adverse Effect. The covenants in this paragraph are made only to the
extent that they do not result in a violation of or conflict with Section 7 of the German Foreign Trade and Payments Regulation (Außenwirtschaftsverordnung)
or Art. 5(1) of Council Regulation (EC) 2271/96; provided that, to the extent that any person cannot make any of the
covenants contained in this paragraph, such person shall be in compliance, in all material respects, with the equivalent requirements
of law, if any, that are applicable to or binding upon such person or any of its property or to which such person or any of its
property is subject in its local jurisdiction.


Section 5.09     Environmental.


(a)       Hazardous
Materials Activities, Etc. The Borrowers will, and will cause each of their Restricted Subsidiaries to promptly take, any and
all actions necessary to (i) cure any violation of applicable Environmental Laws by the Borrowers or their Restricted Subsidiaries,
and address with any corrective or remedial action required by Environmental Law any Release or threatened Release of Hazardous
Materials at or from any Facility, in each case, that would reasonably be expected to have a Material Adverse Effect and (ii) make
an appropriate response to any Environmental Claim against the Borrowers or any of their Restricted Subsidiaries and discharge
any obligations it may have to any Person thereunder, in each case, where failure to do so would reasonably be expected to have,
individually or in the aggregate, a Material Adverse Effect.


Section 5.10     Designation of Subsidiaries.
The Lead Borrower may at any time after the Closing Date designate (or redesignate) any subsidiary as an Unrestricted Subsidiary
or any Unrestricted Subsidiary as a Restricted Subsidiary; provided that (i) immediately before and after such
designation, no Default or Event of



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Default exists (including after giving effect to the reclassification of Investments in, Indebtedness
of and Liens on the assets of, the applicable Restricted Subsidiary or Unrestricted Subsidiary), (ii) no Borrower may be designated
as an Unrestricted Subsidiary, (iii) as of the date of the designation thereof, no Unrestricted Subsidiary shall own any Capital
Stock in any Restricted Subsidiary of any Borrower or hold any Indebtedness of or any Lien on any property of any Borrower or their
Restricted Subsidiaries, (iv) no subsidiary may be designated as an Unrestricted Subsidiary hereunder if it is a Restricted
Subsidiary that Guarantees any Incremental Facilities, Incremental Equivalent Debt, Indebtedness permitted under Section 6.01(w),
any senior Indebtedness or Junior Lien Indebtedness and (v) no subsidiary may be designated as an Unrestricted Subsidiary if it
owns material intellectual property at the time of designation. The designation of any subsidiary as an Unrestricted Subsidiary
shall constitute an Investment by the Borrowers therein at the date of designation in an amount equal to the portion of the fair
market value of the net assets of such Restricted Subsidiary attributable to the applicable Borrower’s equity interest therein
as reasonably estimated by the applicable Borrower (and such designation shall only be permitted to the extent such Investment
is permitted under Section 6.06). The designation of any Unrestricted Subsidiary as a Restricted Subsidiary shall constitute
the incurrence or making, as applicable, at the time of designation of any then-existing Investment, Indebtedness or Lien of such
Restricted Subsidiary, as applicable; provided that upon a re­designation of any Unrestricted Subsidiary as a Restricted
Subsidiary, the applicable Borrower shall be deemed to continue to have an Investment in the resulting Restricted Subsidiary in
an amount (if positive) equal to (a) the Borrower’s “Investment” in such Restricted Subsidiary at the time
of such re­designation, less (b) the portion of the fair market value of the net assets of such Restricted Subsidiary
attributable to the Borrower’s equity therein at the time of such re­designation. As of the Closing Date, the subsidiaries
listed on Schedule 5.10 have been designated as Unrestricted Subsidiaries.


Section 5.11     Use of Proceeds.
The Borrowers shall use the proceeds of (x) the Revolving
Loans and any Ancillary Facility, to finance the working capital needs and other general corporate purposes of the Borrowers and
their subsidiaries (including for capital expenditures, acquisitions, working capital and/or purchase price adjustments, the payment
of any transaction costs, fees and expenses (in each case, including the Transaction Costs), other Investments, Restricted Payments
and any other purpose not prohibited by the terms of the Loan Documents) and
(y) the 2021 Term Loans to redeem all or a portion of the outstanding 5.750% senior notes due 2025 under the Indenture, dated as
of May 20, 2015 and the 6.125% senior notes due 2024 under the Indenture, dated as of December 4, 2014, and to pay transaction
fees and expenses in connection with the foregoing. No part of the proceeds of any Loan will be used, whether directly
or indirectly, for any purpose that would entail a violation of Regulation T, U or X.


Section 5.12     Covenant to Guarantee
Obligations and Give Security.


(a)       Upon
(i) the formation or acquisition after the Closing Date of any Restricted Subsidiary that is a Domestic Subsidiary that is
not an Immaterial Subsidiary, (ii) the designation of any Unrestricted Subsidiary that is a Domestic Subsidiary as a Restricted
Subsidiary, (iii) any Restricted Subsidiary that is a Domestic Subsidiary ceasing to be an Immaterial Subsidiary or (iv) any
Restricted Subsidiary that is an Immaterial Subsidiary ceasing to be an Excluded Subsidiary, (x) if the event giving rise
to the obligation under this Section 5.12(a) occurs during the first three Fiscal Quarters of any Fiscal Year, on or
before the date on which financial statements are required to be delivered pursuant to Section 5.01(a) for the Fiscal
Quarter in which the relevant formation, acquisition, designation or cessation occurred or (y) if the event giving rise to
the obligation under this Section 5.12(a) occurs during the fourth Fiscal Quarter of any Fiscal Year, on or before
the date that is 60 days after the end of such Fiscal Quarter (or, in the cases of clauses (x) and (y),
such longer period as the Administrative Agent may reasonably agree), each Borrower shall (A) cause such Restricted Subsidiary
(other than any Excluded Subsidiary) to comply with the requirements set forth in clause (a) of the definition of “Collateral
and Guarantee Requirement” and (B) upon the reasonable request of the Administrative Agent, cause the relevant Restricted
Subsidiary to deliver to the Administrative Agent a signed copy of a customary opinion of counsel for such Restricted Subsidiary,
addressed to the Administrative Agent and the other relevant Secured Parties.


(b)       Within 90 days
after the acquisition by any Loan Party of any Material Real Estate Asset other than any Excluded Asset (or such longer period
as the Administrative Agent may reasonably agree), each Borrower shall cause such Loan Party to comply with the requirements set
forth in clause (b) of the definition of “Collateral and Guarantee Requirement”, it being understood and
agreed that, with respect to any Material Real Estate Asset owned by any Restricted Subsidiary at the time such Restricted Subsidiary
is required to become a



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Loan Party under Section 5.12(a), such Material Real Estate Asset shall be deemed to have been
acquired by such Restricted Subsidiary on the first day of the time period within which such Restricted Subsidiary is required
to become a Loan Party under Section 5.12(a).


Notwithstanding anything to the contrary
herein or in any other Loan Document, (i) the Administrative Agent may grant extensions of time for the creation and perfection
of security interests in, or obtaining of title insurance, legal opinions, surveys or other deliverables with respect to, particular
assets or the provision of any Loan Guaranty by any Restricted Subsidiary (in connection with assets acquired, or Restricted Subsidiaries
formed or acquired, after the Closing Date) where it reasonably determines, in consultation with the Lead Borrower, that such action
cannot be accomplished without undue effort or expense by the time or times at which it would otherwise be required to be accomplished
by this Agreement or the Collateral Documents, and each Lender hereby consents to any such extension of time, (ii) any Lien
required to be granted from time to time pursuant to the definition of “Collateral and Guarantee Requirement” shall
be subject to the exceptions and limitations set forth in the Collateral Documents, (iii) perfection by control shall not
be required with respect to assets requiring perfection through control agreements or other control arrangements, including deposit
accounts, securities accounts and commodities accounts (other than control of pledged Capital Stock and/or Material Debt Instruments),
(iv) no Loan Party shall be required to seek any landlord lien waiver, bailee letter, estoppel, warehouseman waiver or other
collateral access or similar letter or agreement, and notices shall not be required to be sent to account debtors or other contractual
third parties; (v) no Loan Party that is a Domestic Subsidiary will be required to (1) take any action outside of
the U.S. to perfect any security interest in any asset located outside of the U.S. or (2) execute any foreign law
security agreement, pledge agreement, mortgage, deed or charge (except, where the Lead Borrower and the Administrative Agent otherwise
agree, in respect of security over the equity interests that a Grantor (as defined in the Security Agreement) holds in a subsidiary
incorporated in a different jurisdiction); (vi) in no event will the Collateral include any Excluded Assets, (vii) no
action shall be required to perfect any Lien with respect to (x) any motor vehicles and other assets subject to certificates
of title or ownership, including, without limitation, aircraft, airframes, aircraft engines or helicopters, or any equipment or
other assets constituting a part thereof, in each case to the extent subject to Federal Aviation Act registration requirements
(or equivalent applicable foreign law), and rolling stock and/or (y) Letters of Credit and Letter­of­Credit Rights not in excess
of $15,0000,000 to the extent that a security interest therein cannot be perfected by filing a Form UCC-1 (or similar) financing
statement and (viii) the Administrative Agent shall not require the taking of a Lien on, or require the perfection of any
Lien granted in, those assets as to which the cost of obtaining or perfecting such Lien (including any mortgage, stamp, intangibles
or other tax or expenses relating to such Lien) is excessive in relation to the benefit to the Lenders of the security afforded
thereby as reasonably determined by the Lead Borrower and the Administrative Agent.


(c)       Notwithstanding
any of the foregoing, for the avoidance of doubt, in no event shall an Excluded Subsidiary guarantee the Loan of a U.S. Borrower.


Section 5.13     Maintenance of Ratings.
The Lead Borrower will use commercially reasonable efforts to maintain public corporate credit facility ratings for the Credit
Facilities from each of S&P and Moody’s and a public corporate family rating from Moody’s and a public corporate
rating from S&P, in each case in respect of the Lead Borrower; provided that in no event shall the Lead Borrower
be required to maintain any specific rating with any such agency.


Section 5.14     [Reserved].


Section 5.15     Further Assurances.
Promptly upon request of the Administrative Agent and subject to the limitations described in Section 5.12:


(a)       The
Borrowers will, and will cause each other Loan Party to, execute any and all further documents, financing statements, agreements,
instruments, certificates, notices and acknowledgments and take all such further actions (including the filing and recordation
of financing statements, Mortgages and/or amendments thereto and other documents), that may be required under any applicable law
and which the Administrative Agent may request to ensure the creation, perfection and priority of the Liens created or intended
to be created under the Collateral Documents, all at the expense of the relevant Loan Parties.



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(b)       The
Borrowers will, and will cause each other Loan Party to, (i) correct any material defect or error that may be discovered in
the execution, acknowledgment, filing or recordation of any Collateral Document or other document or instrument relating to any
Collateral and (ii) do, execute, acknowledge, deliver, record, re-record, file, re-file, register and re register any and all
such further acts (including notices to third parties), deeds, certificates, assurances and other instruments as the Administrative
Agent may reasonably request from time to time in order to carry out more effectively the purposes of the Collateral Documents.


Section 5.16     Closing Date Post-Closing
Deliverables. The Lead Borrower will, and will cause each Subsidiary Guarantor to, comply with the requirements set forth on
Schedule 5.16.


ARTICLE
6



NEGATIVE COVENANTS


From the Closing Date and until the Termination
Date has occurred, (i) in the case of Holdings, solely with respect to Section 6.14 and (ii) the Borrowers
covenant and agree with the Lenders that:


Section 6.01     Indebtedness.
The Borrowers shall not, nor shall they permit any of their Restricted Subsidiaries to, directly or indirectly, create, incur,
assume or otherwise become or remain liable with respect to any Indebtedness, except:


(a)       the
Secured Obligations (including any Additional Term Loans and Additional
Revolving Loans and any Incremental Term Loans);


(b)       Indebtedness
of the Borrowers to Holdings and/or any Restricted Subsidiary and/or of any Restricted Subsidiary to Holdings and/or the Borrowers
or any other Restricted Subsidiary; provided that in the case of any Indebtedness of any Restricted Subsidiary that
is not a Loan Party owing to a Loan Party, such Indebtedness shall be permitted as an Investment by Section 6.06;
provided, further, that any Indebtedness of any Loan Party to any Restricted Subsidiary that is not a Loan Party
must be expressly subordinated to the Obligations of such Loan Party on terms that are reasonably acceptable to the Administrative
Agent;


(c)       any
Indebtedness of Restricted Subsidiaries that are not Loan Parties owing to a Loan Party on the Closing Date;


(d)       Indebtedness
arising from any agreement providing for indemnification, adjustment of purchase price or similar obligations (including contingent
earn-out obligations) incurred in connection with any Disposition permitted hereunder, any acquisition permitted hereunder or consummated
prior to the Closing Date or any other purchase of assets or Capital Stock, and Indebtedness arising from guaranties, letters of
credit, bank guaranties, surety bonds, performance bonds or similar instruments securing the performance of the Borrowers or any
such Restricted Subsidiary pursuant to any such agreement;


(e)       Indebtedness
of the Borrowers and/or any Restricted Subsidiary (i) pursuant to tenders, statutory obligations, bids, leases, governmental
contracts, trade contracts, surety, stay, customs, appeal, performance, completion and/or return of money bonds or other similar
obligations incurred in the ordinary course of business, in connection with the enforcement of rights or claims of the Borrowers
or the Subsidiaries, or in connection with judgments that have not resulted in an Event of Default under Section 7.01(h);
and (ii) in respect of letters of credit, bank guaranties, surety bonds, performance bonds or similar instruments to support
any of the foregoing items;


(f)       Indebtedness
of the Borrowers and/or any Restricted Subsidiary in respect of commercial credit cards, stored value cards, purchasing cards,
treasury management services, netting services, overdraft protections, check drawing services, automated payment services (including
depository, overdraft, controlled disbursement, ACH transactions, return items and interstate depository network services), employee
credit card programs, cash pooling services and any arrangements or services similar to any of the foregoing and/or otherwise



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in
connection with cash management and Deposit Accounts, including Banking Services Obligations and dealer incentive, supplier finance
or similar programs;


(g)       (i)
guaranties by the Borrowers and/or any Restricted Subsidiary of the obligations of suppliers, customers and licensees in the ordinary
course of business, (ii) Indebtedness incurred in the ordinary course of business in respect of obligations of the Borrowers
and/or any Restricted Subsidiary to pay the deferred purchase price of goods or services or progress payments in connection with
such goods and services and (iii) Indebtedness in respect of letters of credit, bankers’ acceptances, bank guaranties
or similar instruments supporting trade payables, warehouse receipts or similar facilities entered into in the ordinary course
of business;


(h)       (i)
Guarantees by the Borrowers and/or any Restricted Subsidiary of Indebtedness or other obligations of the Borrowers, any Restricted
Subsidiary and/or any joint venture with respect to Indebtedness otherwise permitted to be incurred pursuant to this Section 6.01
or other obligations not prohibited by this Agreement; provided that in the case of any Guarantee by any Loan Party
of the obligations of any non-Loan Party, the related Investment is permitted under Section 6.06 and/or (ii) Guarantees
resulting from endorsement of negotiable instruments in the ordinary course of business;


(i)       Indebtedness
of the Borrowers and/or any Restricted Subsidiary existing, or pursuant to commitments existing, on the Closing Date and described
on Schedule 6.01;


(j)       (i)
Indebtedness of Restricted Subsidiaries that are not Loan Parties; provided that the aggregate outstanding principal
amount of such Indebtedness shall not exceed the greater of $125,000,000 and 20% of Consolidated Adjusted EBITDA as of the
last day of the most recently ended Test Period and/or (ii) Indebtedness of any Person that becomes a Restricted Subsidiary
after the Closing Date; provided that (A) such Indebtedness exists at the time such Persons becomes a Subsidiary
and is not created in contemplation of or in connection with such Person becoming a Restricted Subsidiary, (B) neither the
Lead Borrower nor any of its respective Restricted Subsidiaries (other than such Person) shall have any liability or other obligation
with respect to such Indebtedness and (C) immediately after such Person becomes a Restricted Subsidiary, no Default or Event
of Default shall have occurred and be continuing;


(k)       Indebtedness
of the Borrowers and/or any Restricted Subsidiary consisting of obligations owing under incentive, supply, license or similar agreements
entered into in the ordinary course of business;


(l)       Indebtedness
of the Borrowers and/or any Restricted Subsidiary consisting of (i) the financing of insurance premiums, (ii) take­or­pay obligations contained in supply arrangements, in each case, in the ordinary course of business and/or (iii) obligations to
reacquire assets or inventory in connection with customer financing arrangements in the ordinary course of business;


(m)       Indebtedness
of the Borrowers and/or any Restricted Subsidiary (including Capital Leases, mortgage financings or purchase money obligations),
incurred after the Closing Date for the purpose of financing or reimbursing all or any part of the purchase price or cost of the
acquisition, development, construction, purchase, lease, repair, replacement, installation, addition or improvement of property
(real or personal), plant, equipment or other fixed or capital assets that are used or useful by such Person, whether through the
direct purchase of assets or the purchase of equity interests of any Person owning such assets (in each case, incurred within 365 days
of such acquisition, development, construction, purchase, lease, repair, addition or improvement) in an aggregate outstanding principal
amount not to exceed the greater of $175,000,000 and 30% of Consolidated Adjusted EBITDA as of the last day of the most recently
ended Test Period;


(n)       Indebtedness
incurred by Foreign Subsidiaries that are Restricted Subsidiaries in an aggregate principal amount not exceeding $600,000,000 minus
(A) the amount of Indebtedness incurred by Restricted Subsidiaries that are not Loan Parties in reliance on Section 6.01(q),
minus (B) the amount of Indebtedness incurred by Restricted Subsidiaries that are not Loan Parties in reliance on Section 6.01(w)
and minus (C) the amount of Indebtedness incurred by Non­U.S. Borrowers in reliance on Section 6.01(z);



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(o)       Indebtedness
consisting of promissory notes issued by the Borrowers or any Restricted Subsidiary to any stockholder of any Parent Company or
any current or former director, officer, employee, member of management, manager, advisor or consultant of any Parent Company,
the Borrowers or any subsidiary (or their respective Immediate Family Members) to finance the purchase or redemption of Capital
Stock of any Parent Company, the Borrowers or any subsidiary or any of their respective Affiliates permitted by Section 6.04(a);


(p)       the
Borrowers and their Restricted Subsidiaries may become and remain liable for any Indebtedness refinancing, refunding or replacing
any Indebtedness permitted under clauses (a), (c), (i), (j), (m), (n), (q),
(r), (t), (u), (w), (y) and (z) of this Section 6.01 (in any case,
including any refinancing Indebtedness incurred in respect thereof, “Refinancing Indebtedness”) and any subsequent
Refinancing Indebtedness in respect thereof; provided that (i) the principal amount of such Indebtedness does
not exceed the principal amount of the Indebtedness being refinanced, refunded or replaced, except by (A) an amount equal
to unpaid accrued interest and premiums (including tender premiums) thereon plus underwriting discounts, other reasonable
and customary fees, commissions and expenses (including upfront fees, original issue discount or initial yield payments) incurred
in connection with the relevant refinancing, refunding or replacement, (B) an amount equal to any existing commitments unutilized
thereunder and (C) additional amounts permitted to be incurred pursuant to this Section 6.01 (provided that
(1) any additional Indebtedness referenced in this clause (C) satisfies the other applicable requirements of this
definition (with additional amounts incurred in reliance on this clause (C) constituting a utilization of the relevant
basket or exception under Section 6.01 pursuant to which such additional amount is permitted) and (2) if such
additional Indebtedness is secured, the Lien securing such Indebtedness satisfies the applicable requirements of Section 6.02
and constitutes a utilization of the relevant basket or exception), (ii) other than in the case of Refinancing Indebtedness
with respect to clause (i), (m), (t) or (u), (A) such Indebtedness has a final maturity
on or later than (and, in the case of revolving Indebtedness, does not require mandatory commitment reductions, if any, prior to)
the final maturity of the Indebtedness being refinanced, refunded or replaced (with customary exceptions for bridge financings)
and (B) other than with respect to revolving Indebtedness, a Weighted Average Life to Maturity equal to or greater than the
Weighted Average Life to Maturity of the Indebtedness being refinanced, refunded or replaced (with customary exceptions for bridge
financings), (iii) the terms of any Refinancing Indebtedness with an original principal amount in excess of the Threshold
Amount (excluding pricing, fees, premiums, rate floors, optional prepayment or redemption terms (and, if applicable, subordination
terms) and, with respect to Refinancing Indebtedness incurred in respect of Indebtedness permitted under clause (a)
above, security), are, taken as a whole (as reasonably determined by the Lead Borrower), not materially less favorable to the Borrowers
and their Restricted Subsidiaries (excluding any covenants or any other provisions applicable only to periods after the Latest
Maturity Date as of such date or any covenants or provisions which are then­current market terms for the applicable type of Indebtedness);
it being agreed that the applicable Borrower shall have the right to unilaterally provide the existing Lenders with additional
rights and benefits (such rights and benefits “Additional Rights”) and the “not materially less favorable”
requirement of this clause (iii) and compliance therewith shall be determined after giving effect to such Additional Rights,
(iv) in the case of Refinancing Indebtedness with respect to Indebtedness permitted under clauses (j), (m),
(t), (u), (w) (solely as it relates to clause (1) of the proviso thereto) and (y) of
this Section 6.01, the incurrence thereof shall be without duplication of any amounts outstanding in reliance on the
relevant clause, (v) except in the case of Refinancing Indebtedness incurred in respect of Indebtedness permitted under



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clause (a)
of this Section 6.01 (it being understood that Holdings may not be the primary obligor of the applicable Refinancing
Indebtedness if Holdings was not the primary obligor on the relevant refinanced Indebtedness), (A) such Indebtedness is secured
only by Permitted Liens securing the Indebtedness being refinanced, refunded or replaced at the time of such refinancing, refunding
or replacement (it being understood that secured Indebtedness may be refinanced with unsecured Indebtedness), (B) such Indebtedness
is incurred by the obligors in respect of the Indebtedness being refinanced, refunded or replaced, except to the extent otherwise
permitted pursuant to Section 6.01 and (C) if the Indebtedness being refinanced, refunded or replaced was originally
contractually subordinated to the Obligations in right of payment (or the Liens securing such Indebtedness were originally contractually
subordinated to the Liens on the Collateral securing the Secured Obligations), such Indebtedness is contractually subordinated
to the Obligations in right of payment (or the Liens securing such Indebtedness are subordinated to the Liens on the Collateral
securing the Secured Obligations) on terms not materially less favorable (as reasonably determined by the Lead Borrower), taken
as a whole, to the Lenders than those applicable to the Indebtedness (or Liens, as applicable) being refinanced, refunded or replaced,
taken as a whole, (vi) except in the case of Refinancing Indebtedness with respect to clause (a) of this Section 6.01,
as of the date of the incurrence of such Indebtedness and after giving effect thereto, no Event of Default exists, (vii) in
the case of Refinancing Indebtedness incurred in respect of Indebtedness permitted under clause (a) of this Section 6.01,
(A) such Refinancing Indebtedness is pari passu or junior in right of payment and secured by the Collateral on a pari
passu or junior basis with respect to the remaining Obligations hereunder, or is unsecured; provided that any such
Refinancing Indebtedness that is pari passu or junior with respect to the Collateral shall be subject to a Permitted Pari
Passu Intercreditor Agreement or a Permitted Junior Intercreditor Agreement, as applicable and in the case of any such Indebtedness
in the form of secured notes that are pari passu with the remaining Obligations under this Agreement incurred or guaranteed
by a Loan Party organized outside of the United States, subject to equalization agreements to be agreed by the Lead Borrower and
the Administrative Agent; provided, further, that, in the case of any such Refinancing Indebtedness that is unsecured
and incurred or guaranteed by a Loan Party organized outside of the United States, subject to customary market intercreditor agreements
to be agreed by the Lead Borrower and the Administrative Agent, (B) if the Indebtedness being refinanced, refunded or replaced
is secured, it is not secured by any assets other than the Collateral, (C) if the Indebtedness being refinanced, refunded
or replaced is Guaranteed, it shall not be Guaranteed by any Person other than a Loan Party, (D) such Refinancing Indebtedness
shall be incurred under (and pursuant to) documentation other than this Agreement to the extent that such Indebtedness (x) is
secured by the Collateral on a pari passu basis in the form of secured notes or (y) is secured by the Collateral on
a junior basis or is unsecured, (E) [reserved], (F) the Indebtedness being refinanced, refunded or replaced shall be
repaid, defeased or satisfied and discharged, and all accrued interest, fees and premiums (if any) in connection therewith, shall
be paid substantially concurrently with the issuance of such Refinancing Indebtedness and (G) such Refinancing Indebtedness
shall be incurred by the same Borrower that incurred the Indebtedness being refinanced, refunded or replaced; provided that,
solely to the extent that the Indebtedness being refinanced was incurred by a Non­U.S. Borrower, such Refinancing Indebtedness
may be incurred by any Borrower and (viii) neither the Borrowers nor any of their Restricted Subsidiaries may refinance any
Indebtedness incurred by an Unrestricted Subsidiary pursuant to this clause;


(q)       Indebtedness
(other than loans secured by a Lien on the Collateral on a pari passu basis) incurred by the Lead Borrower or any Restricted
Subsidiary to finance acquisitions permitted hereunder after the Closing Date or Indebtedness assumed by the Lead Borrower and/or
Wholly-Owned Domestic Subsidiary that is a Restricted Subsidiary in connection with an acquisition permitted hereunder after the
Closing Date; provided that (i) before and after giving effect to such acquisition on a Pro Forma Basis, no Event
of Default exists, (ii) after giving effect to such acquisition on a Pro Forma Basis, (A) if such Indebtedness is secured
by a Lien on the Collateral that is pari passu with the Lien securing the Credit Facilities, the First Lien Net Leverage
Ratio would not exceed 3.25:1.00 calculated on a Pro Forma Basis as of the last day of the most recently ended Test Period,
(B) if such Indebtedness is secured by a Lien on the Collateral that is junior to the Lien securing the Credit Facilities,
the Secured Net Leverage Ratio would not exceed 4.00:1.00 calculated on a Pro Forma Basis as of the last day of the most recently
ended Test Period or (C) if such Indebtedness is unsecured, the Fixed Charge Coverage Ratio would not be less than 2.00:1.00
calculated on a Pro Forma Basis as of the last day of the most recently ended Test Period, (iii) any such Indebtedness under
clause (ii)(A) hereof (which shall be limited to secured notes) shall be subject to a Permitted Pari Passu Intercreditor Agreement
(and if incurred or guaranteed by a Foreign Subsidiary, subject to equalization agreements to be agreed by the Lead Borrower and
the Administrative Agent), (iv) any such Indebtedness under clause (ii)(B) hereof shall be subject to a Permitted Junior
Intercreditor Agreement, (v) any such Indebtedness that is subordinated to the Obligations in right of payment shall be subject
to intercreditor arrangements that are reasonably satisfactory to the Administrative Agent, (vi) such Indebtedness does not
mature or require any scheduled amortization or scheduled payment of principal or require any mandatory redemption, repurchase,
repayment or sinking fund obligation (other than (A) payments as part of an “applicable high yield discount obligation”
catchup payment, (B) customary offers to repurchase in connection with any change of control, Disposition or casualty event
and (C) customary acceleration rights after an event of default), in each case, prior to the date which is 91 days
after the Latest Maturity Date as of the date of incurrence thereof and (vii) the aggregate outstanding principal amount of
such Indebtedness of Restricted Subsidiaries that are not Loan Parties shall not exceed $600 million minus (A) the
amount of Indebtedness incurred by Foreign Subsidiaries in reliance on Section 6.01(n), minus (B) the amount
of Indebtedness incurred by Restricted Subsidiaries that are not Loan Parties in reliance on Section 6.01(w) and minus
(C) the amount of Indebtedness incurred by Non­U.S. Borrowers in reliance on Section 6.01(z);


(r)       Indebtedness
of the Borrowers and/or any Restricted Subsidiary in an aggregate outstanding principal amount not to exceed 100% of the amount
of Net Proceeds received by the Lead Borrower (an “Excluded Debt Contribution”) from (i) the issuance or
sale of Qualified Capital Stock or (ii) any Cash contribution to its common equity with the Net Proceeds from the issuance
and sale by any Parent Company of its



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Qualified Capital Stock or a contribution to the common equity of any Parent Company, in
each case, (A) other than any Net Proceeds received from the sale of Capital Stock to, or contributions from, the Lead Borrower
or any of their Restricted Subsidiaries, (B) to the extent the relevant Net Proceeds have not otherwise been applied to make
Investments, Restricted Payments or Restricted Debt Payments hereunder and (C) other than Cure Amounts;


(s)       Indebtedness
of the Borrowers and/or any Restricted Subsidiary under any Derivative Transaction not entered into for speculative purposes;


(t)       Indebtedness
in respect of Permitted Receivables Financings in an aggregate outstanding principal amount not to exceed the greater of $350,000,000
and 60% of Consolidated Adjusted EBITDA;


(u)       Indebtedness
of the Borrowers and/or any Restricted Subsidiary in an aggregate outstanding principal amount not to exceed the greater of $250,000,000
and 40% of Consolidated Adjusted EBITDA as of the last day of the most recently ended Test Period;


(v)       to
the extent constituting Indebtedness, any payable owing to a Borrower or a Restricted Subsidiary by a Subsidiary permitted under
Section 6.06(i)(ii);


(w)       additional
Indebtedness (other than Loans secured by a Lien on the Collateral on a pari passu basis) of a Borrower so long as, on a
Pro Forma Basis as of the last day of the most recently ended Test Period, (i) if such Indebtedness is secured by a Lien on
the Collateral that is pari passu with the Lien securing the Credit Facilities, the First Lien Net Leverage Ratio would
not exceed 3.25:1.00, (ii) if such Indebtedness is secured by a Lien on the Collateral that is junior to the Lien securing
the Credit Facilities, the Secured Net Leverage Ratio would not exceed 4.00:1.00 or (iii) if such Indebtedness is unsecured,
the Fixed Charge Coverage Ratio would be no less than 2.00:1.00; provided that (1) the aggregate outstanding
principal amount of such Indebtedness of Restricted Subsidiaries that are not Loan Parties shall not exceed $600,000,000 minus
(A) the amount of Indebtedness incurred by Foreign Subsidiaries in reliance on Section 6.01(n), minus (B) the
amount of Indebtedness incurred by Restricted Subsidiaries that are not Loan Parties in reliance on Section 6.01(q)
and minus (C) the amount of Indebtedness incurred by Non­U.S. Borrowers in reliance on Section 6.01(z);
(2) any such Indebtedness under clause (i) hereof (which shall be limited to secured notes only) shall be subject
to a Permitted Pari Passu Intercreditor Agreement (and if incurred or guaranteed by a Foreign Subsidiary, subject to equalization
agreements to be agreed by the Lead Borrower and the Administrative Agent), (3) any such Indebtedness under clause (ii)
hereof shall be subject to a Permitted Junior Intercreditor Agreement, (4) any such Indebtedness that is subordinated to the
Obligations in right of payment shall be subject to intercreditor arrangements that are reasonably satisfactory to the Administrative
Agent, (5) the final maturity date with respect to any such Indebtedness shall be no earlier than the Latest Maturity Date
at the time of the incurrence thereof and shall not be subject to any mandatory redemption, repurchase, repayment or sinking fund
obligation (other than (A) payments as part of an “applicable high yield discount obligation” catchup payment,
(B) customary offers to repurchase in connection with any change of control, Disposition or casualty event, (C) customary
acceleration rights after an event of default and (D) with customary exceptions for bridge financings) and (6) the Weighted
Average Life to Maturity of any such Indebtedness shall be no shorter than the remaining Weighted Average Life to Maturity of any
previously incurred and then-existing tranche(s) of Incremental
Term Loans (without giving effect to any prepayments thereof), with customary exceptions for bridge financings;


(x)       Indebtedness
consisting of Replacement Term Loans or any Replacement
Revolving Facility, in each case to the extent permitted under Section 9.02(c);


(y)       Indebtedness
of the Borrowers and/or any Restricted Subsidiary incurred in connection with any sale and lease back transaction to the extent
permitted under Section 6.07(z);


(z)       secured
or unsecured notes and/or loans (and/or commitments in respect thereof) (other than loans secured by a Lien on the Collateral on
a pari passu basis) issued or incurred by the Borrowers in lieu of Incremental Loans (such notes or loans, “Incremental
Equivalent Debt”); provided that (i) the aggregate outstanding principal amount (or committed amount,
if applicable) of all Incremental Equivalent Debt, together with the aggregate outstanding principal amount (or committed amount,
if applicable) of all Incremental Loans and Incremental Commitments provided pursuant to Section 2.22, shall not exceed
the Incremental Cap; provided that if



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such Incremental Equivalent Debt is incurred under clause (e) of the Incremental
Cap definition and is (1) secured by a Lien on the Collateral on a pari passu basis, the First Lien Net Leverage Ratio would
not exceed 3.25:1.00 calculated on a Pro Forma Basis as of the last day of the most recently ended Test Period, (2) secured
by a Lien on the Collateral that is junior to the Lien securing the Credit Facilities, the Secured Net Leverage Ratio would not
exceed 4.00:1.00 calculated on a Pro Forma Basis as of the last day of the most recently ended Test Period and/or (3) unsecured,
the Fixed Charge Coverage Ratio would be no less than 2.00:1.00 calculated on a Pro Forma Basis as of the last day of the
most recently ended Test Period, (ii) any Incremental Equivalent Debt shall be subject to clauses (vi), (vii),
(ix) and (x) (except, in the case of clause (x), as otherwise agreed by the Persons providing such
Incremental Equivalent Debt) of the proviso to Section 2.22(a), (iii) any Incremental Equivalent Debt that is
secured shall be secured only by the Collateral and on a pari passu basis in the case of secured notes only or junior basis
in the case of secured notes and/or loans with the Collateral securing the Secured Obligations, (iv) the aggregate principal
amount of Incremental Equivalent Debt that may be incurred by a Non­U.S. Borrower shall not exceed $600 million minus
(A) the amount of Indebtedness incurred by Foreign Subsidiaries in reliance on Section 6.01(n), minus (B) the
amount of Indebtedness incurred by Restricted Subsidiaries that are not Loan Parties in reliance on Section 6.01(q)
and (C) minus the amount of Indebtedness incurred by Restricted Subsidiaries that are not Loan Parties in reliance
on Section 6.01(w), (v) any Incremental Equivalent Debt that ranks pari passu in right of security (which
shall be limited to secured notes only) shall be subject to a Permitted Pari Passu Intercreditor Agreement (and, if incurred or
guaranteed by a Foreign Subsidiary, subject to equalization agreements to be agreed by the Lead Borrower and the Administrative
Agent); (vi) any Incremental Equivalent Debt that is secured by a lien that ranks junior in right of security shall be
subject to a Permitted Junior Intercreditor Agreement; (vii) any Incremental Equivalent Debt that is subordinated in
right of payment shall be subject to intercreditor arrangements reasonably satisfactory to the Administrative Agent, (viii) no
Incremental Equivalent Debt may be guaranteed by any Person that is not a Loan Party (but need not be guaranteed by all such Persons)
or secured by any assets other than the Collateral and (ix) any Incremental Equivalent Debt shall have terms and conditions
(excluding pricing, interest rate margins, rate floors, discounts, fees, premiums and prepayment or redemption provisions) that
are not materially less favorable (when taken as a whole) to the Borrowers and their Restricted Subsidiaries than the terms and
conditions of this Agreement (when taken as a whole) (except for covenants or other provisions applicable only to periods after
the Latest Maturity Date at the time of such refinancing) (it being understood that, to the extent that any financial maintenance
covenant is added for the benefit of any such Indebtedness, no consent shall be required by the Administrative Agent or any of
the Lenders if such financial maintenance covenant is either (i) also added for the benefit of any corresponding Loans remaining
outstanding after the issuance or incurrence of such Indebtedness or (ii) only applicable after the Latest Maturity Date of
the Loans at the time of such incurrence); it being agreed that the applicable Borrower shall have the right to unilaterally
provide to existing Lenders such additional rights and benefits (such rights and benefits “Additional Rights to Incremental
Equivalent Debt Lenders”) and the “not materially less favorable” requirement of this clause (ix) and
compliance therewith shall be determined after giving effect to such Additional Rights to Incremental Equivalent Debt Lenders;


(aa)     Indebtedness (including obligations
in respect of letters of credit, bank guaranties, banker’s acceptance, surety bonds, performance bonds, warehouse receipts,
or similar instruments with respect to such Indebtedness) incurred by the Borrowers and/or any Restricted Subsidiary in respect
of workers compensation claims, unemployment insurance (including premiums related thereto), other types of social security, pension
obligations, vacation pay, health, disability, other employee benefits, property, casualty or liability insurance, or self­insurance;


(bb)     Indebtedness of the Borrowers and/or
any Restricted Subsidiary representing (i) deferred compensation or equity based compensation to current or former directors,
officers, advisors, employees, members of management, managers, and consultants of any Parent Company, the Borrowers and/or any
Restricted Subsidiary or any of their respective Affiliates in the ordinary course of business and (ii) deferred compensation
or other similar arrangements in connection with the Transactions, any Permitted Acquisition or any other Investment permitted
hereby;


(cc)     Indebtedness of the Borrowers and/or
any Restricted Subsidiary in respect of any letter of credit or bank guarantee issued in favor of any Issuing Bank to support any
Defaulting Lender’s participation in Letters of Credit issued hereunder;



    	 	-132-	 



     


    




(dd)     Indebtedness of the Borrowers or
any Restricted Subsidiary supported by any Letter of Credit;


(ee)     unfunded pension fund and other
employee benefit plan obligations and liabilities incurred by the Borrowers and/or any Restricted Subsidiary in the ordinary course
of business to the extent that the unfunded amounts would not otherwise cause an Event of Default under Section 7.01(i);


(ff)     without duplication of any other
Indebtedness, all premiums (if any), interest (including post­petition interest and payment in kind interest), accretion or amortization
of original issue discount, fees, expenses and charges with respect to Indebtedness of the Borrowers and/or any Restricted Subsidiary
hereunder;


(gg)     [Reserved]; and


(hh)     customer deposits and advance payments
received in the ordinary course of business from customers for goods and services purchased in the ordinary course of business.


Section 6.02     Liens. The Borrowers
shall not, nor shall they permit any of their Restricted Subsidiaries to, create, incur, assume or permit or suffer to exist any
Lien on or with respect to any property of any kind owned by it, whether now owned or hereafter acquired, or any income or profits
therefrom, except:


(a)       Liens
securing the Secured Obligations created pursuant to the Loan Documents;


(b)       Liens
for Taxes which are (i) for amounts not yet overdue by more than 30 days or (ii) being contested in accordance
with Section 5.03(a);


(c)       statutory
Liens (and rights of set-off) of landlords, laborers, employees, banks, carriers, warehousemen, mechanics, repairmen, workmen and
materialmen, and other Liens arising by operation of law in the ordinary course of business, (i) for amounts not yet overdue
by more than 30 days or (ii) for amounts that are overdue by more than 30 days and that are being contested
in good faith by appropriate proceedings, so long as adequate reserves or other appropriate provisions required by GAAP shall have
been made for any such contested amounts;


(d)       Liens
incurred (i) in the ordinary course of business in connection with workers’ compensation, unemployment insurance and
other types of social security laws and regulations, (ii) in the ordinary course of business to secure the performance of
tenders, statutory obligations, surety, stay, customs and appeal bonds, bids, leases, government contracts, trade contracts, performance
and return­of­money bonds and other similar obligations (exclusive of obligations for the payment of borrowed money), (iii) pursuant
to pledges and deposits of Cash or Cash Equivalents in the ordinary course of business securing (x) any liability for, premiums,
reimbursement or indemnification obligations of insurance carriers providing property, casualty, liability or other insurance to
Holdings and its subsidiaries or (y) leases or licenses of property otherwise permitted by this Agreement, (iv) pledges
that may be required under applicable foreign laws relating to claims by terminated employees and other employee claims; and
(v) to secure obligations in respect of letters of credit, bank guaranties, surety bonds, performance bonds or similar instruments
posted with respect to the items described in clauses (i) through (iv) above;


(e)       Liens
consisting of survey exceptions, covenants, conditions, restrictions, easements, reservations, rights-of-way, encroachments, and
other encumbrances and defects or irregularities in title, in each case which do not, in the aggregate, materially interfere with
the ordinary conduct of the business of the Borrowers and/or their Restricted Subsidiaries, taken as a whole, or the use of the
affected property for its intended purpose;


(f)       Liens
consisting of any (i) interest or title of a lessor or sub­lessor under any lease of real estate permitted hereunder or any
other party with an interest in real estate of which the interest of the Borrowers and/or their Restricted Subsidiaries therein
is derivative, (ii) landlord lien permitted by the terms of any lease, (iii) restriction or encumbrance to which the
interest or title of such lessor, sub­lessor or other party may be subject



    	 	-133-	 



     


    

 


or (iv) subordination of the interest of the lessee,
sub-lessee or other party to any restriction or encumbrance referred to in the preceding clause (iii);


(g)       Liens
consisting of (i) agreements to sell any property in a Disposition permitted under Section 6.07 and (ii) earnest
money deposits made by the Borrowers and/or any of their Restricted Subsidiaries in connection with any letter of intent or purchase
agreement with respect to any Investment permitted hereunder;


(h)       purported
Liens evidenced by the filing of precautionary UCC financing statements relating solely to operating leases or consignment or bailee
arrangements entered into in the ordinary course of business;


(i)       Liens
in favor of customs and revenue authorities arising as a matter of law to secure payment of customs duties in connection with the
importation of goods;


(j)       Liens
in connection with any zoning, building or similar law or right reserved to or vested in any Governmental Authority to control
or regulate the use of any or dimensions of real property or the structure thereon;


(k)       Liens
securing Indebtedness permitted pursuant to Section 6.01(p) (solely with respect to the permitted refinancing of Indebtedness
permitted pursuant to Sections 6.01(a), (c), (i), (j), (m), (q), (t), (u),
(w) and (z)); provided that (i) no such Lien extends to any asset not covered by the Lien securing
the Indebtedness that is being refinanced and (ii) if the Indebtedness being refinanced was subject to intercreditor arrangements,
then any refinancing Indebtedness in respect thereof shall be subject to intercreditor arrangements not materially less favorable
to the Secured Parties, taken as a whole, than the intercreditor arrangements governing the Indebtedness that is refinanced or
the intercreditor arrangements governing the relevant refinancing Indebtedness shall be otherwise reasonably acceptable to the
Administrative Agent;


(l)       Liens
described on Schedule 6.02 and any modification, replacement, refinancing, renewal or extension thereof; provided
that (i) no such Lien extends to any additional property other than (A) after­acquired property that is affixed or
incorporated into the property covered by such Lien or financed by Indebtedness permitted under Section 6.01 and (B) proceeds
and products thereof, accessions thereto and improvements thereon (it being understood that individual financings of the type permitted
under Section 6.01(m) provided by any lender may be cross­collateralized to other financings of such type provided by
such lender or its affiliates) and (ii) such modification, replacement, refinancing, renewal or extension of the obligations
secured or benefited by such Liens, if constituting Indebtedness, is permitted by Section 6.01;


(m)       Liens
arising out of any sale and lease-back transaction to the extent permitted under Section 6.07(z);


(n)       Liens
securing Indebtedness permitted pursuant to Section 6.01(m); provided that any such Lien shall encumber
only the asset acquired with the proceeds of such Indebtedness and proceeds and products thereof, accessions thereto and improvements
thereon (it being understood that individual financings of the type permitted under Section 6.01(m) provided by any
lender may be cross­collateralized to other financings of such type provided by such lender or its affiliates);


(o)       Liens
securing Indebtedness incurred pursuant to Section 6.01(q); provided that, with respect to any such Liens
on the Collateral, such Liens shall be pari passu, or junior to, the Liens securing the Secured Obligations pursuant to
a Permitted Pari Passu Intercreditor Agreement or Permitted Junior Intercreditor Agreement, as applicable; provided,
further, that with respect to Liens securing Indebtedness of Persons that become, or Indebtedness assumed by, a Restricted
Subsidiary, no such Lien (x) extends to or covers any other assets (other than the proceeds or products thereof, accessions
or additions thereto and improvements thereon) or (y) was created in contemplation of the applicable acquisition of assets
or Capital Stock;


(p)       Liens
(i) that are statutory or common law or contractual rights of set-off or similar rights and remedies as to deposit or commodity
trading or brokerage accounts or other funds maintained with a creditor



    	 	-134-	 



     


    

 


depository institution (including, without limitation,
any Lien arising by entering into standard banking arrangements (AGB-Banken oder AGB-Sparkassen) in Germany), or netting arrangements
relating to (A) the establishment of depositary relations with banks not granted in connection with the issuance of Indebtedness,
(B) pooled deposit or sweep accounts of the Borrowers and/or any Restricted Subsidiary to permit satisfaction of overdraft
or similar obligations incurred in the ordinary course of business of the Borrower sand/or any Restricted Subsidiary, (C) purchase
orders and other agreements entered into with customers of the Borrowers and/or any Restricted Subsidiary in the ordinary course
of business and (D) commodity trading or other brokerage accounts incurred in the ordinary course of business and (ii) encumbering
reasonable customary initial deposits and margin deposits;


(q)       Liens
on assets and Capital Stock of Restricted Subsidiaries that are not Loan Parties (including Capital Stock owned by such Persons)
securing Indebtedness of Restricted Subsidiaries that are not Loan Parties permitted pursuant to Section 6.01;


(r)       Liens
securing obligations (other than obligations representing Indebtedness for borrowed money) under operating, reciprocal easement
or similar agreements entered into in the ordinary course of business of the Borrowers and/or their Restricted Subsidiaries;


(s)       Liens
disclosed in any Mortgage Policy delivered pursuant to Section 5.12 with respect to any Material Real Estate Asset
and any replacement, extension or renewal of any such Lien; provided that (i) no such replacement, extension or
renewal Lien shall cover any property other than the property that was subject to such Lien prior to such replacement, extension
or renewal (and additions thereto, improvements thereon and the proceeds thereof) and (ii) such Liens do not, in the aggregate,
materially interfere with the ordinary conduct of the business of the Borrowers and/or their Restricted Subsidiaries, taken as
a whole, or the use of the affected property for its intended purpose;


(t)       Liens
securing Indebtedness incurred pursuant to Section 6.01(j) and/or Section 6.01(z); provided that
with respect to any Liens that secure Indebtedness incurred by a non-Loan Party pursuant to Section 6.01(j)(i), (i) such
Liens do not extend to, or encumber, assets that constitute Collateral and (ii) such Liens extending to the assets of any
non-Loan Party secure only Indebtedness incurred by such non-Loan Party pursuant to Section 6.01(j)(i); provided,
further, that, with respect to Liens securing Indebtedness incurred pursuant to Section 6.01(j)(ii), (i) such
Lien is not created in contemplation of or in connection with such acquisition or such Person becoming a Restricted Subsidiary,
(ii) such Lien does not apply to any other property or assets of the Lead Borrower or any of its Restricted Subsidiaries and
(iii) such Lien secures only those obligations which it secures on the date of such acquisition or the date such Person becomes
a Restricted Subsidiary, as the case may be;


(u)       other
Liens on assets securing Indebtedness or other obligations in an aggregate principal amount at any time outstanding not to exceed
the greater of $200,000,000 and 20% of Consolidated Adjusted EBITDA as of the last day of the most recently ended Test Period;


(v)       Liens
on assets securing judgments, awards, attachments and/or decrees and notices of lis pendens and associated rights relating
to litigation being contested in good faith not constituting an Event of Default under Section 7.01(h);


(w)       (i)
leases, licenses, subleases or sublicenses granted to others in the ordinary course of business (including any license or sublicense
of IP Rights) which do not (x) interfere in any material respect with the business of the Borrowers and their Restricted Subsidiaries
(other than any Immaterial Subsidiary) or (y) secure any Indebtedness for borrowed money and (ii) the rights reserved
or vested in any Person by the terms of any lease, license, franchise, grant or permit held by the Lead Borrower or any of its
respective Restricted Subsidiaries, or by law to terminate any such lease, license, franchise, grant or permit or to require annual
or periodic payments as a condition to the continuance thereof;


(x)       Liens
on Cash Equivalents or Securities that are the subject of repurchase agreements constituting Investments permitted under Section 6.06
arising out of such repurchase transaction;



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(y)       Liens
securing obligations in respect letters of credit, bank guaranties, surety bonds, performance bonds or similar instruments permitted
under Section 6.01(d), (e), (g), (aa) and (cc);


(z)       Liens
arising (i) out of conditional sale, title retention (including extended retention of title), consignment or similar arrangements
for the sale of any assets or property in the ordinary course of business and permitted by this Agreement or (ii) by operation
of law under Article 2 of the UCC (or similar law of any jurisdiction);


(aa)     Liens (i) in favor of any
Loan Party and/or (ii) granted by any non-Loan Party in favor of any Restricted Subsidiary that is not a Loan Party, in the
case of each of clauses (i) and (ii), securing inter-company Indebtedness permitted under Section 6.01;


(bb)     Liens on insurance policies and
the proceeds thereof securing the financing of the premiums with respect thereto;


(cc)     Liens on specific items of inventory
or other goods and the proceeds thereof securing the relevant Person’s obligations in respect of documentary letters of credit
or banker’s acceptances issued or created for the account of such Person to facilitate the purchase, shipment or storage
of such inventory or goods;


(dd)     Liens securing (i) obligations
under Hedge Agreements in connection with any Derivative Transaction of the type described in Section 6.01(s) and/or
(ii) obligations of the type described in Section 6.01(f);


(ee)     (i) Liens on Capital Stock of joint
ventures or Unrestricted Subsidiaries securing capital contributions to, or obligations of, such Persons and (ii) customary
rights of first refusal and tag, drag and similar rights in joint venture agreements and agreements with respect to non­Wholly­Owned
Subsidiaries;


(ff)     Liens on Cash or Cash Equivalents
arising in connection with the defeasance, discharge or redemption of Indebtedness;


(gg)     Liens evidenced by the filing of
UCC financing statements relating to factoring or similar arrangements entered into in the ordinary course of business;


(hh)     Liens on assets of Foreign Subsidiaries;
provided that (i) such Liens do not extend to, or encumber, assets that constitute Collateral, and (ii) such Liens
extending to the assets of any such Foreign Subsidiary secure only Indebtedness incurred by such Foreign Subsidiary pursuant to
Section 6.01(n);


(ii)       Liens
securing Indebtedness incurred in reliance on Section 6.01(w) so long as the condition described in clause (i)
or clause (ii) of Section 6.01(w), as applicable, has been satisfied;


(jj)     in respect of any property located
in Canada, reservations contained in the original grant from the Crown;


(kk)     any Lien required to be granted
under mandatory German law (§§ 22, 204 of the German
Transformation Act (Umwandlungsgesetz)) in favor of creditors as a consequence of amalgamation, demerger, merger, consolidation,
corporate reconstruction or conversion of legal form permitted under this Agreement; and


(ll)     Liens on receivables and related
assets incurred in connection with Permitted Receivables Financings permitted in reliance on Section 6.01(t).


Section 6.03     No Further Negative
Pledges. The Borrowers shall not, nor shall they permit any of their Restricted Subsidiaries to, enter into any agreement prohibiting
the creation or assumption of any Lien upon any of its properties, whether now owned or hereafter acquired, for the benefit of
the Secured Parties with respect to the Obligations, except with respect to:



    	 	-136-	 



     


    




(a)       specific
property to be sold pursuant to any Disposition permitted by Section 6.07;


(b)       restrictions
contained in any agreement with respect to Indebtedness permitted by Section 6.01 that is secured by a Permitted Lien,
but only if such restrictions apply only to the Person or Persons obligated under such Indebtedness and its or their Restricted
Subsidiaries or the property or assets securing such Indebtedness;


(c)       restrictions
contained in the documentation governing Indebtedness permitted by (i) clauses (c), (d), (j), (m),
(n), (q), (t), (u), (w), (x), (y) and/or (z) of Section 6.01
(and clause (p) of Section 6.01 to the extent relating to any refinancing, refunding or replacement of
Indebtedness incurred in reliance on clauses (c), (d), (j), (m), (n), (q), (t),
(u), (w), (x), (y) and/or (z) of Section 6.01) and (ii) this Agreement
if such restrictions or conditions apply only to the property or assets securing such Indebtedness;


(d)       restrictions
by reason of customary provisions restricting assignments, subletting or other transfers (including the granting of any Lien) contained
in leases, subleases, licenses, sublicenses and other agreements entered into in the ordinary course of business (provided that
such restrictions are limited to the relevant leases, subleases, licenses, sublicenses or other agreements and/or the property
or assets secured by such Liens or the property or assets subject to such leases, subleases, licenses, sublicenses or other agreements,
as the case may be);


(e)       Permitted
Liens and restrictions in the agreements relating thereto that limit the right of the Borrowers or any of their Restricted Subsidiaries
to Dispose of, or encumber the assets subject to such Liens;


(f)       provisions
limiting the Disposition or distribution of assets or property in joint venture agreements, sale lease-back agreements, stock sale
agreements and other similar agreements, which limitation is applicable only to the assets that are the subject of such agreements
(or the Persons the Capital Stock of which is the subject of such agreement);


(g)       any
encumbrance or restriction assumed in connection with an acquisition of the property or Capital Stock of any Person, so long as
such encumbrance or restriction relates solely to the property so acquired (or to the Person or Persons (and its or their subsidiaries)
bound thereby) and was not created in connection with or in anticipation of such acquisition;


(h)       restrictions
imposed by customary provisions in partnership agreements, limited liability company organizational governance documents, joint
venture agreements and other similar agreements that restrict the transfer of the assets of, or ownership interests in, the relevant
partnership, limited liability company, joint venture or any similar Person;


(i)       restrictions
on Cash or other deposits imposed by Persons under contracts entered into in the ordinary course of business or for whose benefit
such Cash or other deposits exist;


(j)       restrictions
set forth in documents which exist on the Closing Date;


(k)       restrictions
set forth in any Loan Document, any Hedge Agreement and/or any agreement relating to any Banking Services Obligation;


(l)       restrictions
contained in documents governing Indebtedness permitted hereunder of any Restricted Subsidiary that is not a Loan Party;


(m)       software
and other licenses of IP Rights pursuant to which the Lead Borrower or any Restricted Subsidiary is the licensee of the relevant
software or IP Rights, as the case may be (in which case, any prohibition or limitation shall relate only to the assets that are
the subject of the applicable license); and


(n)       other
restrictions or encumbrances imposed by any amendment, modification, restatement, renewal, increase, supplement, refunding, replacement
or refinancing of the contracts, instruments or



    	 	-137-	 



     


    

 


obligations referred to in clauses (a) through (l) above;
provided that no such amendment, modification, restatement, renewal, increase, supplement, refunding, replacement or refinancing
is, in the good faith judgment of the Lead Borrower, more restrictive with respect to such encumbrances and other restrictions,
taken as a whole, than those in effect prior to the relevant amendment, modification, restatement, renewal, increase, supplement,
refunding, replacement or refinancing.


Section 6.04     Restricted Payments;
Certain Payments of Indebtedness.


(a)       The
Lead Borrower shall not pay or make, directly or indirectly, any Restricted Payment, except that:


(i)       the
Lead Borrower may make Restricted Payments to the extent necessary to permit any Parent Company:


(A)       to
pay general administrative costs and expenses (including corporate overhead, legal or similar expenses and customary salary, fees,
bonus and other benefits payable to directors, officers, employees, members of management, managers and/or consultants of any Parent
Company) and franchise fees and Taxes and similar fees, Taxes and expenses required to enable such Parent Company to maintain its
organizational existence or qualification to do business, in each case, which are reasonable and customary and incurred in the
ordinary course of business, plus any reasonable and customary indemnification claims made by directors, officers, members
of management, managers, employees or consultants of any Parent Company, in each case, to the extent attributable to the ownership
or operations of any Parent Company and its subsidiaries (but excluding the portion of such amount that is attributable to the
ownership or operations of any subsidiary of any Parent Company other than the Borrowers and their subsidiaries);


(B)       to
discharge the consolidated, combined, unitary or similar Tax liabilities of such Parent Company and its subsidiaries when and as
due, to the extent such liabilities are attributable to the operations of any Parent Company (but excluding, for the avoidance
of doubt, the portion of any such Tax liabilities, if any, that is attributable to the operations of any subsidiary of any Parent
Company other than the Lead Borrower and/or its subsidiaries), the Lead Borrower and its subsidiaries; provided that
the amount paid by the Lead Borrower pursuant to this paragraph (B) shall not exceed the amount of Tax liabilities that would
be due if the Lead Borrower and each Restricted Subsidiary were separate corporations filing income and similar Tax returns on
a consolidated, combined, unitary or similar basis with the Lead Borrower as the common parent of such affiliated group (calculated
at the highest combined applicable federal, state, local and foreign Tax rate); provided further that Restricted Payments
under this Section 6.04(a)(i)(B) that are attributable to any Unrestricted Subsidiary or any joint venture shall be
permitted only to the extent that either (x) such Unrestricted Subsidiary has made one or more Cash distributions, advances
or loans to the Lead Borrower or any of its Restricted Subsidiaries for such purpose in an amount up to the amount of such Unrestricted
Subsidiary’s or joint venture’s, as applicable, proportionate share of such Tax liabilities or (y) the amount
of any such Restricted Payment made by the Lead Borrower on behalf of such Unrestricted Subsidiary or joint venture is treated
as an Investment subject to Section 6.06 hereof;


(C)       to
pay audit and other accounting and reporting expenses of such Parent Company to the extent attributable to any Parent Company (but
excluding, for the avoidance of doubt, the portion of any such expenses, if any, attributable to the ownership or operations of
any subsidiary of any Parent Company other than the Borrowers and/or their subsidiaries), the Borrowers and their subsidiaries;



    	 	-138-	 



     


    




(D)       for
the payment of insurance premiums and deductibles to the extent attributable to any Parent Company (but excluding, for the avoidance
of doubt, the portion of any such premiums, if any, attributable to the ownership or operations of any subsidiary of any Parent
Company other than the Borrowers and/or their subsidiaries), the Borrowers and their subsidiaries;


(E)       pay
(x) fees and expenses related to debt or equity offerings, investments or acquisitions permitted or not restricted by this
Agreement (whether or not consummated) relating to the Borrowers and their Restricted Subsidiaries and (y) Public Company
Costs;


(F)       to
finance any Investment permitted under Section 6.06 (provided that (x) any Restricted Payment under this
clause (a)(i)(F) shall be made substantially concurrently with the closing of such Investment and (y) the relevant
Parent Company shall, promptly following the closing thereof, cause (I) all property acquired to be contributed to the Borrowers
or one or more of their Restricted Subsidiaries, or (II) the merger, consolidation or amalgamation of the Person formed or
acquired into the Borrowers or one or more of their Restricted Subsidiaries, in order to consummate such Investment in compliance
with the applicable requirements of Section 6.06 as if undertaken as a direct Investment by the Borrowers or the relevant
Restricted Subsidiary); and


(G)       to
pay customary salary, bonus, severance and other benefits payable to current or former directors, officers, members of management,
managers, employees or consultants of any Parent Company (or any Immediate Family Member of any of the foregoing) to the extent
such salary, bonuses and other benefits are attributable and reasonably allocated to the operations of the Borrowers and/or their
subsidiaries, in each case, so long as such Parent Company applies the amount of any such Restricted Payment for such purpose;


provided that with respect to Restricted Payments
under clauses (A), (B), (C), (D) and (G) above, such Restricted Payments that are attributable to any Unrestricted
Subsidiary shall be permitted only to the extent that either (x) such Unrestricted Subsidiary has made one or more Cash distributions,
advances or loans to the Borrowers or any of their Restricted Subsidiaries for such purpose in an amount up to the amount of such
Unrestricted Subsidiary’s proportionate share of such Restricted Payment or (y) the amount of any such Restricted Payment
made by the applicable Borrower on behalf of such Unrestricted Subsidiary is treated as an Investment subject to Section 6.06
hereof;


(ii)       the
Lead Borrower may pay (or make Restricted Payments to allow any Parent Company to pay) for the repurchase, redemption, retirement
or other acquisition or retirement for value of Capital Stock of any Parent Company, any subsidiary or any of their respective
Affiliates held by any future, present or former employee, director, member of management, officer, manager, advisor or consultant
(or any Affiliate or Immediate Family Member thereof) of any Parent Company, the Borrowers, any subsidiary or any of their respective
Affiliates:


(A)       in
accordance with the terms of promissory notes issued pursuant to Section 6.01(o), so long as the aggregate amount of
all Cash payments made in respect of such promissory notes, together with the aggregate amount of Restricted Payments made pursuant
to sub-clause (D) of this clause (ii) below, does not exceed $5,000,000 in any Fiscal Year, which, if not
used in any Fiscal Year, may be carried forward to the next subsequent Fiscal Year (provided that no more than $10 million
may be carried forward in any Fiscal Year);



    	 	-139-	 



     


    




(B)       with
the proceeds of any sale or issuance of the Capital Stock of the Borrowers or any Parent Company (to the extent such proceeds are
contributed in respect of Qualified Capital Stock to the Borrowers or any Restricted Subsidiary);


(C)       with
the net proceeds of any key-man life insurance policies; or


(D)       with
Cash and Cash Equivalents in an amount not to exceed, together with the aggregate amount of all Cash payments made pursuant to
sub-clause (A) of this clause (ii) in respect of promissory notes issued pursuant to Section 6.01(o),
$5,000,000 in any Fiscal Year, which, if not used in any Fiscal Year, may be carried forward to the next subsequent Fiscal Year
(provided that no more than $10 million may be carried forward in any Fiscal Year);


(iii)       the
Lead Borrower may make additional Restricted Payments in an amount not to exceed (A) the portion, if any, of the Available
Amount on such date that the Lead Borrower elects to apply to this clause (iii)(A); provided that (A) no
Default or Event of Default has occurred and is continuing or would result therefrom and (B) the Fixed Charge Coverage Ratio,
calculated on a Pro Forma Basis, would not be less than 2.00:1.00 as of the last day of the Test Period most recently ended
prior to such Restricted Payment for which the financial statements required by Section 5.01(a) or 5.01(b),
as the case may be, have been delivered plus (B) the portion, if any, of the Available Excluded Contribution Amount
on such date that the Lead Borrower elects to apply to this clause (iii)(B);


(iv)       the
Lead Borrower may make Restricted Payments (i) to any Parent Company to enable such Parent Company to make Cash payments in
lieu of the issuance of fractional shares in connection with the exercise of warrants, options or other securities convertible
into or exchangeable for Capital Stock of such Parent Company and (ii) consisting of (A) payments made or expected to
be made in respect of withholding or similar Taxes payable by any future, present or former officers, directors, employees, members
of management, managers or consultants of the Borrowers, any Restricted Subsidiary or any Parent Company or any of their respective
Immediate Family Members and/or (B) repurchases of Capital Stock in consideration of the payments described in sub-clause (A)
above, including demand repurchases in connection with the exercise of stock options;


(v)       the
Lead Borrower may repurchase (or make Restricted Payments to any Parent Company to enable it to repurchase) Capital Stock upon
the exercise of warrants, options or other securities convertible into or exchangeable for Capital Stock if such Capital Stock
represents all or a portion of the exercise price of such warrants, options or other securities convertible into or exchangeable
for Capital Stock as part of a “cashless” exercise;


(vi)       the
Lead Borrower may make Restricted Payments, the proceeds of which are applied on the Closing Date, solely to effect the consummation
of the Transactions;


(vii)       the
Lead Borrower may make Restricted Payments to Holdings (and Holdings may in turn make such Restricted Payments to Super Holdco)
from time to time in an amount sufficient to enable Super Holdco to fund each scheduled payment of the Regular Cash Dividend;
provided that (A) no Default or Event of Default exists or would result therefrom and (B) the Fixed Charge Coverage
Ratio, calculated on a Pro Forma Basis, would not be less than 2.00:1.00 as of the last day of the Test Period most recently
ended prior to such Restricted Payment for which the financial statements required by Section 5.01(a) or 5.01(b),
as the case may be, have been delivered;


(viii)       the
Lead Borrower may make Restricted Payments to (i) redeem, repurchase, retire or otherwise acquire any (A) Capital Stock
(“Treasury Capital Stock”) of the Borrowers and/or any Restricted Subsidiary, (B) Capital Stock of any
Parent Company, in the case of each of sub-clauses (A) and (B), in exchange for, or out of the proceeds of the
substantially concurrent sale



    	 	-140-	 



     


    

 


(other than to the Lead Borrower and/or any Restricted Subsidiary) of, Qualified Capital Stock of
the Borrowers or any Parent Company to the extent any such proceeds are contributed to the capital of the Borrowers and/or any
Restricted Subsidiary in respect of Qualified Capital Stock (“Refunding Capital Stock”), and/or (C) Capital
Stock of any Parent Company owned by any present or former employees, directors, members of management, officers, managers or consultants
or independent contractors (or their respective Immediate Family Members) of any Parent Company in an amount equal to any tax liability
paid on behalf of such employee, director, member of management, officer, manager or consultant or independent contractor (or their
respective Immediate Family Members) arising from the vesting of such Capital Stock and (ii) declare and pay dividends on
any Treasury Capital Stock out of the proceeds of the substantially concurrent sale (other than to the applicable Lead Borrower
or a Restricted Subsidiary) of any Refunding Capital Stock;


(ix)       to
the extent constituting a Restricted Payment, the Lead Borrower may consummate any transaction permitted by Section 6.06
(other than Sections 6.06(j) and (t)), Section 6.07 (other than Section 6.07(g)) and
Section 6.09 (other than Section 6.09(d));


(x)       the
Lead Borrower may make additional Restricted Payments in an aggregate amount not to exceed the greater of $75,000,000 and 10%
of Consolidated Adjusted EBITDA as of the last day of the most recently ended Test Period minus (A) the amount of Restricted
Debt Payments made by the Borrowers or any Restricted Subsidiary in reliance on Section 6.04(b)(iv), minus (B) the
outstanding amount of Investments made by a Borrower or any Restricted Subsidiary in reliance on Section 6.06(q)(ii);


(xi)       the
Lead Borrower may pay any dividend or consummate any redemption within 60 days after the date of the declaration thereof
or the provision of a redemption notice with respect thereto, as the case may be, if at the date of such declaration or notice,
the dividend or redemption notice would have complied with the provisions hereof;


(xii)       the
Lead Borrower may purchase, redeem or otherwise acquire its common Capital Stock with the proceeds received from the substantially
concurrent issuance of new common Capital Stock of the Borrowers; and


(xiii)       the
Lead Borrower may make additional Restricted Payments so long as (A) no Default or Event of Default exists or would result
therefrom and (B) the Total Net Leverage Ratio would not exceed 4.00:1.00. calculated on a Pro Forma Basis as of the
last day of the most recently ended Test Period.


(b)       The
Borrowers shall not, nor shall they permit any Restricted Subsidiary to, make any payment (whether in Cash, securities or other
property) on or in respect of principal of or interest on (x) any Junior Lien Indebtedness or (y) any Junior Indebtedness
(such Indebtedness under clauses (x) and (y), the “Restricted Debt”), including any
sinking fund or similar deposit, on account of the purchase, redemption, retirement, acquisition, cancellation or termination of
any Restricted Debt prior to its scheduled maturity (collectively, “Restricted Debt Payments”), except:


(i)       any
purchase, defeasance, redemption, repurchase, repayment or other acquisition or retirement of any Restricted Debt made by exchange
for, or out of the proceeds of, Refinancing Indebtedness permitted by Section 6.01;


(ii)       payments
as part of an “applicable high yield discount obligation” catchup payment;


(iii)       payments
of regularly scheduled interest as and when due in respect of any Restricted Debt, except for any payments with respect to any
Subordinated Indebtedness that are prohibited by the subordination provisions thereof;



    	 	-141-	 



     


    




(iv)       so
long as, at the time of delivery of irrevocable notice with respect thereto, no Event of Default exists or would result therefrom,
additional Restricted Debt Payments in an aggregate amount not to exceed the greater of $75,000,000 and 10% of Consolidated
Adjusted EBITDA as of the last day of the most recently ended Test Period, minus (A) the outstanding amount of Investments
made in reliance on Section 6.06(q)(ii), minus (B) the amount of Restricted Payments made in reliance on
Section 6.04(a)(x);


(v)       (A)
Restricted Debt Payments in exchange for, or with proceeds of any issuance of, Qualified Capital Stock of the Borrowers and/or
any Restricted Subsidiary and/or any capital contribution in respect of Qualified Capital Stock of the Borrowers or any Restricted
Subsidiary, (B) Restricted Debt Payments as a result of the conversion of all or any portion of any Restricted Debt into Qualified
Capital Stock of the Borrowers and/or any Restricted Subsidiary and (C) to the extent constituting a Restricted Debt Payment,
payment­in­kind interest with respect to any Restricted Debt that is permitted under Section 6.01;


(vi)       Restricted
Debt Payments in an aggregate amount not to exceed (A) the portion, if any, of the Available Amount on such date that the
Borrowers elect to apply to this clause (vi)(A); provided, that (A) no Default or Event of Default
has occurred and is continuing or would result therefrom and (B) the Fixed Charge Coverage Ratio, calculated on a Pro Forma
Basis, would not be less than 2.00:1.00 as of the last day of the Test Period most recently ended prior to such Restricted
Debt Payment for which the financial statements required by Section 5.01(a) or 5.01(b), as the case may
be, have been delivered plus (B) the portion, if any, of the Available Excluded Contribution Amount on such date that
the Borrowers elect to apply to this clause (vi)(B); and


(vii)       additional
Restricted Debt Payments; provided that (A) no Default or Event of Default exists or would result therefrom and
(B) the Total Net Leverage Ratio would not exceed 3.00 to 1.00 calculated on a Pro Forma Basis as of the last day
of the most recently ended Test Period.


Section 6.05     Restrictions on Subsidiary
Distributions. Except as provided herein or in any other Loan Document, any document with respect to any Incremental Equivalent
Debt and/or in agreements with respect to refinancings, renewals or replacements of such Indebtedness that are permitted by Section 6.01,
the Borrowers shall not, nor shall they permit any of their Restricted Subsidiaries to, enter into or cause to exist any agreement
restricting the ability of (i) any subsidiary of the Borrowers to pay dividends or other distributions to the Borrowers or
any Loan Party or (ii) any Restricted Subsidiary to make Cash loans or advances to the Borrowers or any Loan Party, except:


(a)       in
any agreement evidencing (i) Indebtedness of a Restricted Subsidiary that is not a Loan Party permitted by Section 6.01,
(ii) Indebtedness permitted by Section 6.01 that is secured by a Permitted Lien if the relevant restriction applies
only to the Person obligated under such Indebtedness and their Restricted Subsidiaries or the property or assets intended to secure
such Indebtedness and (iii) Indebtedness permitted pursuant to clauses (j), (m), (n), (p)
(as it relates to Indebtedness in respect of clauses (j), (m), (n), (q), (u), (w),
(x) and/or (z) of Section 6.01), (q), (u), (w), (x) and/or
(z) of Section 6.01;


(b)       by
reason of customary provisions restricting assignments, subletting or other transfers contained in leases, subleases, licenses,
sublicenses, joint venture agreements and similar agreements entered into in the ordinary course of business;


(c)       that
are or were created by virtue of any Lien granted upon, transfer of, agreement to transfer or grant of, any option or right with
respect to any property, assets or Capital Stock not otherwise prohibited under this Agreement;


(d)       assumed
in connection with any acquisition of property or the Capital Stock of any Person, so long as the relevant encumbrance or restriction
relates solely to the Person and its subsidiaries (including the Capital Stock of the relevant Person or Persons) and/or property
so acquired and was not created in connection with or in anticipation of such acquisition;



    	 	-142-	 



     


    




(e)       in
any agreement for any Disposition of any Restricted Subsidiary (or all or substantially all of the property and/or assets thereof)
that restricts the payment of dividends or other distributions or the making of Cash loans or advances by such Restricted Subsidiary
pending such Disposition;


(f)       in
provisions in agreements or instruments which prohibit the payment of dividends or the making of other distributions with respect
to any class of Capital Stock of a Person other than on a pro rata basis;


(g)       imposed
by customary provisions in partnership agreements, limited liability company organizational governance documents, joint venture
agreements and other similar agreements;


(h)       on
Cash, other deposits or net worth or similar restrictions imposed by any Person under any contract entered into in the ordinary
course of business or for whose benefit such Cash, other deposits or net worth or similar restrictions exist;


(i)       set
forth in documents which exist on the Closing Date and not created in contemplation thereof;


(j)       those
arising pursuant to an agreement or instrument relating to any Indebtedness permitted to be incurred after the Closing Date if
the relevant restrictions, taken as a whole, are not materially less favorable to the Lenders than the restrictions contained in
this Agreement, taken as a whole (as determined in good faith by a Borrower);


(k)       those
arising under or as a result of applicable law, rule, regulation or order or the terms of any license, authorization, concession
or permit;


(l)       those
arising in any Hedge Agreement and/or any agreement relating to any Banking Services Obligation; and/or


(m)       those
imposed by any amendment, modification, restatement, renewal, increase, supplement, refunding, replacement or refinancing of any
contract, instrument or obligation referred to in clauses (a) through (l) above; provided that
no such amendment, modification, restatement, renewal, increase, supplement, refunding, replacement or refinancing is, in the good
faith judgment of the Lead Borrower, more restrictive with respect to such restrictions, taken as a whole, than those in existence
prior to such amendment, modification, restatement, renewal, increase, supplement, refunding, replacement or refinancing.


Section 6.06     Investments. The
Borrowers shall not, nor shall they permit any of their Restricted Subsidiaries to, make or own any Investment in any other Person
except:


(a)       Cash
or Investments that were Cash Equivalents at the time made;


(b)       (i)
Investments existing on the Closing Date in any subsidiary, (ii) Investments made after the Closing Date among the Borrowers
and/or one or more Restricted Subsidiaries that are Loan Parties, (iii) (x) Investments made after the Closing Date by
any Loan Party in any Restricted Subsidiary that is not a Loan Party in an aggregate outstanding amount not to exceed the sum of
(1) the Available Amount (provided, that no Default or Event of Default has occurred and is continuing or would result
therefrom) plus (2) the greater of $175,000,000 and 30% of Consolidated Adjusted EBITDA as of the last day of
the most recently ended Test Period and/or (y) Investments to permit reorganization transactions for efficiency or operational
improvements (I) so long as no Default or Event of Default shall have occurred and be continuing after giving effect to such
reorganization, to the extent such reorganization only involves Foreign Subsidiaries that represent less than 5% of each of
Consolidated Total Assets and consolidated revenues of the Lead Borrower and its Restricted Subsidiaries or (II) so long as
such reorganization is not materially adverse to the Lenders as certified by a chief financial officer, treasurer or equivalent
officer of the Lead Borrower (which certification shall include such information reasonable requested by the Administrative Agent
regarding such reorganization), as consented to in advance by the Administrative Agent (any such transaction, a “Permitted
Reorganization”), (iv) Investments made by any Loan Party and/or any



    	 	-143-	 



     


    

 


Restricted Subsidiary that is not a Loan Party
in the form of any contribution or Disposition of the Capital Stock of any Person that is not a Loan Party; provided that,
prior to such contribution or Disposition or series of transactions resulting in such contribution or Disposition, such Capital
Stock was not owned directly by a Loan Party and (v) Investments made by any Restricted Subsidiary that is not a Loan Party
in any Loan Party or in any other Restricted Subsidiary that is not a Loan Party ;


(c)       Investments
(i) constituting deposits, prepayments and/or other credits to suppliers, (ii) in the form of advances made to distributors,
suppliers, licensors and licensees, in each case, in the ordinary course of business or, in the case of clause (ii),
to the extent necessary to maintain the ordinary course of supplies to the Borrowers or any Restricted Subsidiary and/or (iii) constituting
bank deposits made in the ordinary course of business;


(d)       Investments
in Unrestricted Subsidiaries; provided that immediately after giving effect to any such Investment, the amount invested
in the applicable Unrestricted Subsidiary pursuant to this clause (d), when aggregated with the amounts then invested
in all other Unrestricted Subsidiaries pursuant to this clause (d), shall not exceed the greater of $75,000,000 and 11%
of Consolidated Adjusted EBITDA as of the last day of the most recently ended Test Period at any one time outstanding;


(e)       Permitted
Acquisitions;


(f)       Investments
(i) existing on, or contractually committed to or contemplated as of, the Closing Date and described on Schedule 6.06
and/or (ii) any modification, replacement, renewal or extension of any Investment described in clause (i) above
so long as no such modification, renewal or extension thereof increases the amount of such Investment except by the terms thereof
or as otherwise permitted by this Section 6.06);


(g)       Investments
received in lieu of Cash in connection with any Disposition permitted by Section 6.07;


(h)       loans
or advances to present or former employees, directors, members of management, officers, managers or consultants or independent
contractors (or their respective Immediate Family Members) of any Parent Company, the Borrowers and their subsidiaries to the extent
permitted by Requirements of Law, in connection with such Person’s purchase of Capital Stock of any Parent Company, either
(i) in an aggregate principal amount not to exceed $10,000,000 at any one time outstanding or (ii) so long as the proceeds
of such loan or advance are substantially contemporaneously contributed to the Borrowers for the purchase of such Capital Stock;


(i)       (i)
Investments consisting of extensions of credit in the nature of accounts receivable or notes receivable arising from the grant
of trade credit in the ordinary course of business and (ii) to the extent constituting Investments, any receivable that is
distributed by a Subsidiary to its equity holders in lieu of a Cash dividend that is otherwise permitted by Section 6.05;


(j)       Investments
consisting of Indebtedness permitted under Section 6.01 (other than Indebtedness permitted under Sections 6.01(b)
and (h)), Permitted Liens, Restricted Payments permitted under Section 6.04 (other than Section 6.04(a)(ix)),
Restricted Debt Payments permitted by Section 6.04 and mergers, consolidations, amalgamations, liquidations, windings
up, dissolutions or Dispositions permitted by Section 6.07 (other than Section 6.07(a) (if made in reliance
on sub-clause (ii)(y) of the proviso thereto), Section 6.07(b) (if made in reliance on clause (ii)
therein), Section 6.07(c)(ii) (if made in reliance on clause (B) therein) and Section 6.07(g));


(k)       Investments
in the ordinary course of business consisting of endorsements for collection or deposit and customary trade arrangements with customers;


(l)       (i)
Investments (including debt obligations and Capital Stock) received (A) in connection with the bankruptcy or reorganization
of any Person, (B) in settlement of delinquent obligations of, or other disputes with, customers, suppliers and other account
debtors arising in the ordinary course of business, (C) upon foreclosure with respect to any secured Investment or other transfer
of title with respect to any secured Investment and/or (D) as a result of the settlement, compromise, resolution of litigation,
arbitration or other disputes and/or (ii) Investments



    	 	-144-	 



     


    

 consisting of extensions of credit in the nature of accounts receivable
or notes receivable arising from the grant of trade credit in the ordinary course of business, and investments received in satisfaction
or partial satisfaction thereof from financially troubled account debtors and other credits to suppliers made in the ordinary course
of business;


(m)       loans
and advances of payroll payments or other compensation to present or former employees, directors, members of management, officers,
managers or consultants of any Parent Company (to the extent such payments or other compensation relate to services provided to
such Parent Company (but excluding, for the avoidance of doubt, the portion of any such amount, if any, attributable to the ownership
or operations of any subsidiary of any Parent Company other than the Borrowers and/or their subsidiaries)), the Borrowers and/or
any subsidiary in the ordinary course of business;


(n)       Investments
to the extent that payment therefor is made solely with Capital Stock of any Parent Company or Capital Stock (other than Disqualified
Capital Stock) of the Borrowers or any Restricted Subsidiary, in each case, to the extent not resulting in a Change of Control;


(o)       (i)
Investments of any Restricted Subsidiary acquired after the Closing Date, or of any Person acquired by, or merged into or consolidated
or amalgamated with, the Borrowers or any Restricted Subsidiary after the Closing Date, in each case as part of an Investment otherwise
permitted by this Section 6.06 to the extent that such Investments were not made in contemplation of or in connection
with such acquisition, merger, amalgamation or consolidation and were in existence on the date of the relevant acquisition, merger,
amalgamation or consolidation and (ii) any modification, replacement, renewal or extension of any Investment permitted under
clause (i) of this Section 6.06(o) so long as no such modification, replacement, renewal or extension thereof
increases the amount of such Investment except as otherwise permitted by this Section 6.06;


(p)       Investments
made in connection with the Transactions;


(q)       Investments
made after the Closing Date by the Borrowers and/or any of their Restricted Subsidiaries in an aggregate amount at any time outstanding
not to exceed:


(i)       the
greater of $150,000,000 and 30% of Consolidated Adjusted EBITDA as of the last day of the most recently ended Test Period,
plus


(ii)       the
greater of $75,000,000 and 10% of Consolidated Adjusted EBITDA as of the last day of the most recently ended Test Period,
minus (A) the amount of Restricted Debt Payments made by any Borrower or a Restricted Subsidiary in reliance on Section 6.04(b)(iv)(A)
and minus (B) the amount of Restricted Payments made by the Borrowers or any Restricted Subsidiary in reliance
on Section 6.04(a)(x), plus


(iii)       in
the event that (A) the Borrowers or any of their Restricted Subsidiaries makes any Investment after the Closing Date in any
Person that is not a Restricted Subsidiary otherwise permitted hereunder and (B) such Person subsequently becomes a Restricted
Subsidiary, an amount equal to the lesser of (x) 100.0% of the fair market value of such Investment as of the date on which such
Person becomes a Restricted Subsidiary and (y) the original amount of such Investment;


(r)       Investments
made after the Closing Date by the Borrowers and/or any of their Restricted Subsidiaries in an aggregate outstanding amount not
to exceed (i) the portion, if any, of the Available Amount on such date that such Borrower elects to apply to this clause (r)(i)
plus (ii) the portion, if any, of the Available Excluded Contribution Amount on such date that such Borrower elects
to apply to this clause (r)(ii); provided, that (A) no Default or Event of Default has occurred and
is continuing or would result therefrom and (B) the Fixed Charge Coverage Ratio, calculated on a Pro Forma Basis, would not
be less than 2.00:1.00 as of the last day of the Test Period most recently ended prior to such Investment for which the financial
statements required by Section 5.01(a) or 5.01(b), as the case may be, have been delivered;



    	 	-145-	 



     


    




(s)       (i)
Guarantees of leases (other than Capital Leases) or of other obligations not constituting Indebtedness and (ii) Guarantees
of the lease obligations of suppliers, customers, franchisees and licensees of the Borrowers and/or their Restricted Subsidiaries,
in each case, in the ordinary course of business;


(t)       Investments
in any Parent Company in amounts and for purposes for which Restricted Payments to such Parent Company are permitted under Section 6.04(a);
provided that any Investment made as provided above in lieu of any such Restricted Payment shall reduce availability under
the applicable Restricted Payment basket under Section 6.04(a);


(u)       Investments
made by any Restricted Subsidiary that is not a Loan Party with the proceeds received by such Restricted Subsidiary from an Investment
made by any Loan Party in such Restricted Subsidiary pursuant to this Section 6.06 (other than Investments made pursuant
to clause (ii) of Section 6.06(e) or Section 6.06(x));


(v)       [reserved];


(w)       Investments
under any Derivative Transaction of the type permitted under Section 6.01(s);


(x)       Investments
made in connection with the creation, formation and/or acquisition of any joint venture, or in any Restricted Subsidiary to enable
such Restricted Subsidiary to create, form and/or acquire any joint venture, in an aggregate outstanding amount not to exceed the
greater of $75,000,000 and 10% of Consolidated Adjusted EBITDA as of the last day of the most recently ended Test Period for
which financial statements have been delivered pursuant to Section 5.01(a) or (b), as applicable;


(y)       Investments
made in any joint venture existing on the Closing Date as required by, or made pursuant to, buy/sell arrangements between the joint
venture parties set forth in joint venture agreements and similar binding arrangements in effect on the Closing Date (other than
any modification, replacement, renewal or extension of such Investments so long as no such modification, renewal or extension thereof
increases the amount of any such Investment except by the terms thereof or as otherwise permitted by this Section 6.06);


(z)       unfunded
pension fund and other employee benefit plan obligations and liabilities to the extent that they are permitted to remain unfunded
under applicable law;


(aa)     Investments in the Borrowers, any
Restricted Subsidiary and/or any joint venture in connection with inter-company cash management arrangements and related activities
in the ordinary course of business;


(bb)     Investments consisting of the licensing
or contribution of IP Rights pursuant to joint marketing arrangements with other Persons;


(cc)     purchases of contract rights or
licenses or leases of IP Rights, in each case in the ordinary course of business, to the extent such purchases and acquisitions
constitute Investments;


(dd)     Investments in Receivables Subsidiaries
in the form of receivables and related assets required in connection with a Permitted Receivables Financing (including the contribution
or lending of Cash and Cash Equivalents to Subsidiaries to finance the purchase of such assets from Holdings, a Borrower or other
Restricted Subsidiaries or to otherwise fund required customary reserves);


(ee)     additional Investments so long
as the Total Net Leverage Ratio does not exceed 4.00:1.00 calculated on a Pro Forma Basis as of the last day of the most recently
ended Test Period; and


(ff)     any contribution by any Loan Party
that is a Domestic Subsidiary of the equity or assets of a first tier Foreign Subsidiary to any other first tier Foreign Subsidiary.



    	 	-146-	 



     


    




In no event shall (a) the Borrowers or
any Restricted Subsidiary be permitted to make or own any Investment in its equityholders constituting material intellectual property
if such material intellectual property is, following such Investment, licensed by the Lead Borrower and/or any Restricted Subsidiary
from the recipient of such material intellectual property for use by the Lead Borrower or such Restricted Subsidiary in the ordinary
course of business (other than pursuant to a bona fide “transition service” or similar arrangement or in the same manner
as other customers, suppliers or commercial partners of the relevant transferee generally), and (b) any Loan Party make or own
any Investment constituting (i) any material intellectual property in any Unrestricted Subsidiary or (ii) any Trademarks in any
Restricted Subsidiary that is not a Loan Party; provided that, the restriction in this clause (b)(ii) shall not prohibit the Investment
constituting Trademarks in an aggregate principal amount, together with all dispositions pursuant to clause (b)(ii) of the last
paragraph of Section 6.07 and releases pursuant to clause (b)(3) of the nineteenth paragraph of Article 8, not to exceed $250,000,000.


Section 6.07     Fundamental Changes;
Disposition of Assets. The Borrowers shall not, nor shall it permit any of their Restricted Subsidiaries to, enter into any
transaction of merger, consolidation or amalgamation, or liquidate, wind up or dissolve themselves (or suffer any liquidation or
dissolution), or make any Disposition, in a single transaction or in a series of related transactions, except:


(a)       any
Restricted Subsidiary may be merged, consolidated or amalgamated with or into the Lead Borrower or any other Restricted Subsidiary;
provided that (i) in the case of any such merger, consolidation or amalgamation with or into the Lead Borrower, (A) the
Lead Borrower shall be the continuing or surviving Person or (B) if the Person formed by or surviving any such merger, consolidation
or amalgamation is not the Lead Borrower (any such Person, the “Successor Borrower”), (x) the Successor
Borrower shall be an entity organized or existing under the law of the U.S., any state thereof or the District of Columbia, (y) the
Successor Borrower shall expressly assume the Obligations of the Lead Borrower in a manner reasonably satisfactory to the Administrative
Agent and (z) except as the Administrative Agent may otherwise agree, each Guarantor, unless it is the other party to such
merger, consolidation or amalgamation, shall have executed and delivered a reaffirmation agreement with respect to its obligations
under the Loan Guaranty and the other Loan Documents; it being understood and agreed that if the foregoing conditions under
clauses (x) through (z) are satisfied, the Successor Borrower will succeed to, and be substituted for,
the Lead Borrower under this Agreement and the other Loan Documents, (ii) in the case of any such merger, consolidation or
amalgamation involving any Subsidiary Guarantor, either (x) (i) such Subsidiary Guarantor shall be the continuing or surviving
Person or (ii) the continuing or surviving Person shall (A) expressly assume the guarantee obligations of the Subsidiary
Guarantor in a manner reasonably satisfactory to the Administrative Agent and (B) be an entity organized or existing under
the law of the U.S., any state thereof or the District of Columbia or (y) the relevant transaction shall be treated as an
Investment and shall comply with Section 6.06 and (iii) in the case of any such merger, consolidation or amalgamation
by a Restricted Subsidiary that is not a Loan Party into any other Restricted Subsidiary that is a Loan Party, any related inter-company
Indebtedness assumed by such Restricted Subsidiary that is a Loan Party shall be expressly subordinated to the Obligations of such
Loan Party on terms that are reasonably acceptable to the Administrative Agent;


(b)       Dispositions
(including of Capital Stock) among the Lead Borrower and/or any Restricted Subsidiary (upon voluntary liquidation or otherwise);
provided that any such Disposition by any Loan Party to any Person that is not a Loan Party shall be for fair market value
(as reasonably determined by such Person) with at least 75% of the consideration for such Disposition consisting of Cash or
Cash Equivalents at the time of such Disposition or treated as an Investment and otherwise made in compliance with Section 6.06
(other than in reliance on clause (j) thereof); provided, further, that any Indebtedness of any
Loan Party owed to any Restricted Subsidiary that is not a Loan Party as a result of such Disposition must be expressly subordinated
to the Obligations of such Loan Party on terms that are reasonably acceptable to the Administrative Agent;


(c)       (i)
the liquidation or dissolution of any Restricted Subsidiary provided that such liquidation or dissolution, as applicable, would
not reasonably be expected to have a Material Adverse Effect and is not materially disadvantageous to the Lenders; provided
that in the case of any liquidation or dissolution of any Loan Party that results in a distribution of assets to any Restricted
Subsidiary that is not a Loan Party, such distribution shall be treated as an Investment and shall comply with Section 6.06
(other than in reliance on clause (j) thereof); (ii) any merger, amalgamation, dissolution, liquidation or
consolidation, the purpose of which is to effect (A) any Disposition otherwise permitted under this Section 6.07
(other than clause (a), clause (b) or this clause (c)) or (B) any Investment permitted
under Section 6.06; and (iii) any Borrower or any Restricted Subsidiary may be



    	 	-147-	 



     


    

 


converted into another form
of entity, in each case, so long as such conversion does not adversely affect the value of the Loan Guaranty or Collateral, if
any;


(d)       (x)
Dispositions of inventory, current assets, or equipment in the ordinary course of business (including on an inter-company basis),
(y) the leasing or subleasing of real property in the ordinary course of business and (z) Dispositions of (A) accounts
receivable in connection with the collection or compromise thereof (including sales to factors or other third parties) and (B) receivables
and related assets pursuant to any Permitted Receivables Financing;


(e)       Dispositions
of surplus, obsolete, used or worn out property or other property that, in the reasonable judgment of any Borrower, is (A) no
longer useful in its business (or in the business of any Restricted Subsidiary of any Borrower) or (B) otherwise economically
impracticable to maintain;


(f)       Dispositions
of Cash Equivalents or other assets that were Cash Equivalents when the relevant original Investment was made;


(g)       Dispositions,
mergers, amalgamations, consolidations or conveyances that constitute Investments permitted pursuant to Section 6.06
(other than Section 6.06(j)), Permitted Liens and Restricted Payments permitted by Section 6.04(a) (other
than Section 6.04(a)(ix));


(h)       Dispositions
for fair market value; provided that with respect to any such Disposition with a purchase price in excess of the greater
of $35,000,000 and 4% of Consolidated Adjusted EBITDA as of the last day of the most recently ended Test Period, as applicable,
at least 75% of the consideration for such Disposition shall consist of Cash or Cash Equivalents (provided that for
purposes of the 75% Cash consideration requirement, (w) the amount of any Indebtedness or other liabilities (other than
Indebtedness or other liabilities that are subordinated to the Obligations or that are owed to the Borrowers or any Restricted
Subsidiary) of the Borrowers or any Restricted Subsidiary (as shown on such Person’s most recent balance sheet or statement
of financial position (or in the notes thereto) that are assumed by the transferee of any such assets and for which the Borrowers
and/or their applicable Restricted Subsidiary have been validly released by all relevant creditors in writing, (x) the amount
of any trade-in value applied to the purchase price of any replacement assets acquired in connection with such Disposition, (y) any
Securities received by the Borrowers or any Restricted Subsidiary from such transferee that are converted by such Person into Cash
or Cash Equivalents (to the extent of the Cash or Cash Equivalents received) within 180 days following the closing of
the applicable Disposition and (z) any Designated non­Cash Consideration received in respect of such Disposition having an
aggregate fair market value, taken together with all other Designated Non­Cash Consideration received pursuant to this clause (z)
that is at that time outstanding, not in excess of the greater of $20,000,000 and 2% of Consolidated Adjusted EBITDA as of
the last day of the most recently ended Test Period, in each case, shall be deemed to be Cash); provided, further,
that (i) immediately prior to and after giving effect
to such Disposition, as determined on the date on which the agreement governing such Disposition is executed, no Event of Default
shall exist;exist
and (ii) the Net Proceeds of such Disposition shall be applied and/or reinvested as (and to the extent) required by Section 2.11(b)(ii);


(i)       to
the extent that (i) the relevant property is exchanged for credit against the purchase price of similar replacement property
or (ii) the proceeds of the relevant Disposition are reasonably promptly applied to the purchase price of such replacement
property;


(j)       Dispositions
of Investments in joint ventures to the extent required by, or made pursuant to, buy/sell arrangements between joint venture or
similar parties set forth in the relevant joint venture arrangements and/or similar binding arrangements;


(k)       Dispositions
of accounts receivable in the ordinary course of business (including any discount and/or forgiveness thereof and any factoring,
early pay or similar supply chain financing arrangement) or in connection with the collection or compromise thereof;



    	 	-148-	 



     


    




(l)       Dispositions
and/or terminations of leases, subleases, licenses or sublicenses (including the provision of software under any open source license)
in the ordinary course of business, which do not materially interfere with the business of the Lead Borrower and its Restricted
Subsidiaries;


(m)       (i)
any termination of any lease in the ordinary course of business, (ii) any expiration of any option agreement in respect of
real or personal property and (iii) any surrender or waiver of contractual rights or the settlement, release or surrender
of contractual rights or litigation claims (including in tort) in the ordinary course of business;


(n)       Dispositions
of property subject to foreclosure, casualty, eminent domain or condemnation proceedings (including in lieu thereof or any similar
proceeding);


(o)       Dispositions
or consignments of equipment, inventory or other assets (including leasehold interests in real property) with respect to facilities
that are temporarily not in use, held for sale or closed;


(p)       [Reserved];


(q)       Dispositions
of non-core assets acquired in connection with any acquisition permitted hereunder and sales of Real Estate Assets acquired in any
acquisition permitted hereunder which, within 90 days of the date of such acquisition, are designated in writing to the
Administrative Agent as being held for sale and not for the continued operation of the Borrowers or any of their Restricted Subsidiaries
or any of their respective businesses; provided that no Event of Default exists on the date on which the definitive
agreement governing the relevant Disposition is executed;


(r)       exchanges
or swaps, including transactions covered by Section 1031 of the Code (or any comparable provision of any foreign jurisdiction),
of property or assets so long as any such exchange or swap is made for fair value (as reasonably determined by the applicable Borrower)
for like property or assets; provided that upon the consummation of any such exchange or swap by any Loan Party, to
the extent the property received does not constitute an Excluded Asset, the Administrative Agent has a perfected Lien with the
same priority as the Lien held on the Real Estate Assets so exchanged or swapped;


(s)       any
Permitted Reorganization;


(t)       (i)
licensing and cross­licensing arrangements involving any technology, intellectual property or IP Rights of the Borrowers or any
Restricted Subsidiary in the ordinary course of business and (ii) Dispositions, abandonments, cancellations or lapses of IP
Rights, or issuances or registrations, or applications for issuances or registrations, of IP Rights, which, in the reasonable good
faith determination of the applicable Borrower, are not material to the conduct of the business of the applicable Borrower or its
Restricted Subsidiaries, or are no longer economical to maintain in light of its use;


(u)       terminations
or unwinds of Derivative Transactions;


(v)       Dispositions
of Capital Stock of, or sales of Indebtedness or other Securities of, Unrestricted Subsidiaries;


(w)       Dispositions
of Real Estate Assets and related assets in the ordinary course of business in connection with relocation activities for directors,
officers, employees, members of management, managers or consultants of any Parent Company, the Borrowers and/or any Restricted
Subsidiary and/or dispositions of property formerly leased by the Lead Borrower or its Restricted Subsidiaries and acquired by
the Lead Borrower and sold as an alternative to terminating the lease on such property;


(x)       Dispositions
made to comply with any order of any agency of the U.S. Federal government, any state, authority or other regulatory body
or any applicable Requirement of Law;



    	 	-149-	 



     


    




(y)       any
merger, consolidation, Disposition or conveyance the sole purpose of which is to reincorporate or reorganize any Domestic Subsidiary
in another jurisdiction in the U.S.;


(z)       the
transfer or Disposition of property pursuant to sale and lease-back transactions; provided that (A) at the time
thereof and immediately after giving effect thereto no Event of Default or Default shall have occurred and be continuing or would
result therefrom, (B) the aggregate fair market value of all property disposed of in reliance on this clause shall not exceed
the greater of $100,000,000 and 16% of Consolidated Adjusted EBITDA as of the last day of the most recently ended Test Period
and (C) such transaction is for fair market value and for consideration at least 75% of which is Cash or Cash Equivalents;


(aa)     any sale of motor vehicles and
information technology equipment purchased at the end of an operating lease and resold thereafter;


(bb)     other Dispositions involving assets
having a fair market value (as reasonably determined by the Lead Borrower at the time of the relevant Disposition) in the aggregate
since the Closing Date of not more than the greater of $50,000,000 and 6% of Consolidated Adjusted EBITDA as of the last day
of the most recently ended Test Period; and


(cc)     Dispositions contemplated on the
Closing Date and described on Schedule 6.07.


To the extent that any Collateral is Disposed of as expressly
permitted by this Section 6.07 to any Person other than a Loan Party, such Collateral shall be sold free and clear
of the Liens created by the Loan Documents, which Liens shall be automatically released upon the consummation of such Disposition;
it being understood and agreed that the Administrative Agent shall be authorized to take, and shall take, any actions deemed appropriate
in order to effect the foregoing in accordance with Article 8.


In no event shall (a) the Borrowers or
any Restricted Subsidiary be permitted to transfer or dispose of material intellectual property to its equityholders if such material
intellectual property is, following such distribution, licensed by the Lead Borrower and/or any Restricted Subsidiary from the
recipient of such material intellectual property for use by the Lead Borrower or such Restricted Subsidiary in the ordinary course
of business (other than pursuant to a bona fide “transition service” or similar arrangement or in the same manner as
other customers, suppliers or commercial partners of the relevant transferee generally), and (b) any Loan Party transfer, assign
or exclusively license (i) any material intellectual property to any Unrestricted Subsidiary or (ii) any Trademarks to any Restricted
Subsidiary that is not a Loan Party; provided that, the restriction in this clause (b)(ii) shall not prohibit the transfer
of Trademarks in an aggregate principal amount, together with all investments pursuant to clause (b)(ii) of the last paragraph
of Section 6.06 and releases pursuant to clause (b)(3) of the nineteenth paragraph of Article 8, not to exceed $250,000,000.


Section 6.08     [Reserved].


Section 6.09     Transactions with
Affiliates. The Borrowers shall not, nor shall they permit any of their Restricted Subsidiaries to, enter into any transaction
(including the purchase, sale, lease or exchange of any property or the rendering of any service) involving payment in excess of
$5,000,000 with any of their respective Affiliates on terms that are less favorable to the applicable Borrower or such Restricted
Subsidiary, as the case may be (as reasonably determined by the applicable Borrower), than those that might be obtained at the
time in a comparable arm’s­length transaction from a Person who is not an Affiliate; provided that the foregoing
restriction shall not apply to:


(a)       any
transaction between or among the Borrowers and/or one or more Restricted Subsidiaries (or any entity that becomes a Restricted
Subsidiary as a result of such transaction) to the extent permitted or not restricted by this Agreement;


(b)       any
issuance, sale or grant of securities or other payments, awards or grants in Cash, securities or otherwise pursuant to, or the
funding of employment arrangements, stock options and stock ownership



    	 	-150-	 



     


    

 


plans approved by the board of directors (or equivalent governing
body) of any Parent Company or of the Borrowers or any Restricted Subsidiary;


(c)       (i)
any collective bargaining, employment or severance agreement or compensatory (including profit sharing) arrangement entered into
by the Borrowers or any of their Restricted Subsidiaries with their respective current or former officers, directors, members of
management, managers, employees, consultants or independent contractors or those of any Parent Company, (ii) any subscription
agreement or similar agreement pertaining to the repurchase of Capital Stock pursuant to put/call rights or similar rights with
current or former officers, directors, members of management, managers, employees, consultants or independent contractors and (iii) transactions
pursuant to any employee compensation, benefit plan, stock option plan or arrangement, any health, disability or similar insurance
plan which covers current or former officers, directors, members of management, managers, employees, consultants or independent
contractors or any employment contract or arrangement;


(d)       (i)
transactions permitted by Sections 6.01(d), (o), (bb) and (ee), 6.04 and 6.06(h),
(m), (o), (q), (t), (v), (x), (y), (z), (aa) and (cc) and
(ii) issuances of Capital Stock and Indebtedness not restricted by this Agreement;


(e)       (i)
transactions in existence on the Closing Date and/or the transactions contemplated by this Agreement, and any amendment, modification
or extension thereof to the extent such amendment, modification or extension, taken as a whole, is not (x) materially adverse
to the Lenders or (y) more disadvantageous to the Lenders than the relevant transaction in existence on the Closing Date and/or
(ii) the transactions set forth on Schedule 6.09;


(f)       [reserved];


(g)       the
Transactions, including the payment of Transaction Costs;


(h)       customary
compensation to Affiliates in connection with financial advisory, financing, underwriting or placement services or in respect of
other investment banking activities and other transaction fees, which payments are approved by the majority of the members of the
board of directors (or similar governing body) or a majority of the disinterested members of the board of directors (or similar
governing body) of the applicable Borrower in good faith;


(i)       Guarantees
permitted by Section 6.01 or Section 6.06;


(j)       loans
and other transactions among the Loan Parties to the extent permitted under this Article 6;


(k)       the
payment of customary fees and reasonable out­of­pocket costs to, and indemnities provided on behalf of, members of the board of directors
(or similar governing body), officers, employees, members of management, managers, consultants and independent contractors of the
Borrowers and/or any of their Restricted Subsidiaries in the ordinary course of business and, in the case of payments to such Person
in such capacity on behalf of any Parent Company, to the extent attributable to the operations of the Borrowers or their Restricted
Subsidiaries;


(l)       transactions
with customers, clients, suppliers, joint ventures, purchasers or sellers of goods or services or providers of employees or other
labor entered into in the ordinary course of business, which are (i) fair to the Borrowers and/or their applicable Restricted
Subsidiary in the good faith determination of the board of directors (or similar governing body) of the applicable Borrower or
the senior management thereof or (ii) on terms at least as favorable as might reasonably be obtained from a Person other than
an Affiliate;


(m)       the
payment of reasonable out­of­pocket costs and expenses related to registration rights and customary indemnities provided to shareholders
under any shareholder agreement;



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(n)       (i)
any purchase by Holdings of the Capital Stock of (or contribution to the equity capital of) the Borrowers and (ii) any inter-company
loans made by Holdings to the Borrowers or any Restricted Subsidiary; and


(o)       any
transaction in respect of which a Borrower delivers to the Administrative Agent a letter addressed to the board of directors (or
equivalent governing body) of such Borrower from an accounting, appraisal or investment banking firm of nationally recognized standing
stating that such transaction is on terms that are no less favorable to such Borrower or the applicable Restricted Subsidiary than
might be obtained at the time in a comparable arm’s length transaction from a Person who is not an Affiliate;


Section 6.10     Conduct of Business.
From and after the Closing Date, the Lead Borrower shall not, nor shall it permit any of its Restricted Subsidiaries to, engage
in any material line of business other than (a) the businesses engaged or proposed to be engaged in by the Lead Borrower or
any Restricted Subsidiary on the Closing Date and similar, complementary, ancillary, incidental or reasonably related businesses
or reasonable extensions thereof and (b) such other lines of business to which the Administrative Agent may consent.


Section 6.11     Amendments or Waivers
of Organizational Documents. The Borrowers shall not, nor shall they permit any Subsidiary Guarantor to, amend or modify their
respective Organizational Documents, in each case in a manner that is materially adverse to the Lenders (in their capacities as
such), without obtaining the prior written consent of the Administrative Agent; provided that, for purposes of clarity,
it is understood and agreed that the Borrowers and/or any Subsidiary Guarantor may effect a change to its organizational form and/or
consummate any other transaction that is permitted under Section 6.07.


Section 6.12     Amendments of or Waivers
with Respect to Certain Agreements. The Borrowers shall not, nor shall they permit any of their Restricted Subsidiaries to,
amend or otherwise modify the terms of any Restricted Debt (or the documentation governing the foregoing) if the effect of such
amendment or modification, together with all other amendments or modifications made, is materially adverse to the interests of
the Lenders (in their capacities as such); provided that, for purposes of clarity, it is understood and agreed that
the foregoing limitation shall not otherwise prohibit any Refinancing Indebtedness or any other replacement, refinancing, amendment,
supplement, modification, extension, renewal, restatement or refunding of any Junior Indebtedness, in each case, that is permitted
under this Agreement in respect thereof.


Section 6.13     Fiscal Year. The
Lead Borrower shall not change its Fiscal year-end to a date other than September 30; provided that the Lead Borrower
may, upon written notice to the Administrative Agent, change the Fiscal year-end of the Lead Borrower to another date, in which
case the Lead Borrower and the Administrative Agent will, and are hereby authorized to, make any adjustments to this Agreement
that are necessary to reflect such change in Fiscal Year.


Section 6.14     Permitted Activities
of Holdings. Holdings shall not:


(a)       incur
any Indebtedness for borrowed money other than (i) Indebtedness under the Loan Documents, or otherwise in connection with
the Transactions, (ii) Indebtedness of the type permitted under Section 6.01(o) and (iii) Guarantees of Indebtedness
or other obligations of the Borrowers and/or any Restricted Subsidiary that are otherwise permitted hereunder;


(b)       create
or suffer to exist any Lien on any property or asset now owned or hereafter acquired by it other than (i) the Liens created
or permitted under the Collateral Documents, in each case, to which it is a party, (ii) any other Lien created in connection
with the Transactions, (iii) Permitted Liens on the Collateral that are secured on a pari passu or junior basis with
the Secured Obligations, so long as such Permitted Liens secure Guarantees permitted under clause (a)(ii) above and
the underlying Indebtedness subject to such Guarantee is permitted to be secured on the same basis pursuant to Section 6.02
and (iv) Liens of the type permitted under Section 6.02 (other than in respect of debt for borrowed money);


(c)       engage
in any business activity or own any material assets other than (i) holding the Capital Stock of the Lead Borrower, and, indirectly,
any other subsidiary of the Lead Borrower, (ii) performing its



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obligations under the Loan Documents and other Indebtedness,
Liens (including the granting of Liens) and Guarantees permitted hereunder; (iii) issuing its own Capital Stock (including,
for the avoidance of doubt, the making of any dividend or distribution on account of, or any redemption, retirement, sinking fund
or similar payment, purchase or other acquisition for value of, any shares of any class of Capital Stock); (iv) filing
Tax reports and paying Taxes and other customary obligations in the ordinary course (and contesting any Taxes); (v) preparing
reports to Governmental Authorities and to its shareholders; (vi) holding director and shareholder meetings, preparing
organizational records and other organizational activities required to maintain its separate organizational structure or to comply
with applicable Requirements of Law; ; (vii) [reserved]); (viii) holding (A) Cash, Cash Equivalents and
other assets received in connection with permitted distributions or dividends received from, or permitted Investments or permitted
Dispositions made by, any of its subsidiaries or permitted contributions to the capital of, or proceeds from the issuance of Capital
Stock of, Holdings pending the application thereof or payment of dividends and (B) the proceeds of Indebtedness permitted
by Section 6.01; (x) providing indemnification for its officers, directors, members of management, employees
and advisors or consultants; (xi) participating in tax, accounting and other administrative matters as a member of a
consolidated group in which both Holdings and the Lead Borrower are members, including compliance with applicable laws and legal,
tax and accounting matters related thereto and activities relating to its employees; (xii) making payments of the type
permitted under Section 6.09(f) and the performance of its obligations under any document, agreement and/or Investment
contemplated by the Transactions, the transactions contemplated by this Agreement, or otherwise not prohibited under this Agreement;
(xiii) complying with applicable Requirements of Law (including with respect to the maintenance of its existence); (xiv) making
and holding inter-company loans to the Borrowers and/or the Restricted Subsidiaries of the Borrowers, as applicable; (xv) making
and holding Investments of the type permitted under Section 6.06(h); and (xvi) activities incidental to any
of the foregoing; or


(d)       consolidate
or amalgamate with, or merge with or into, or convey, sell or otherwise transfer all or substantially all of its assets to, any
Person; provided that, so long as no Default or Event of Default exists or would result therefrom, (A) Holdings
may consolidate or amalgamate with, or merge with or into, any other Person (other than the Borrowers and any of their subsidiaries)
so long as (i) Holdings is the continuing or surviving Person or (ii) if the Person formed by or surviving any such consolidation,
amalgamation or merger is not Holdings, (x) the successor Person expressly assumes all obligations of Holdings under this
Agreement and the other Loan Documents to which Holdings is a party pursuant to a supplement hereto and/or thereto in a form reasonably
satisfactory to the Administrative Agent and (y) the Lead Borrower delivers a certificate of a Responsible Officer with respect
to the satisfaction of the conditions set forth in clause (x) of this clause (A) and (B) Holdings
may convey, sell or otherwise transfer all or substantially all of its assets to any other Person (other than the Borrowers and
any of their subsidiaries) so long as (x) no Change of Control results therefrom, (y) the Person acquiring such assets
expressly assumes all of the obligations of Holdings under this Agreement and the other Loan Documents to which Holdings is a party
pursuant to a supplement hereto and/or thereto in a form reasonably satisfactory to the Administrative Agent and (z) the Lead
Borrower delivers a certificate of a Responsible Officer with respect to the satisfaction of the conditions under clause (x)
set forth in this clause (B); provided, further, that if the conditions set forth in the preceding
proviso are satisfied, the successor to Holdings will succeed to, and be substituted for, Holdings under this Agreement.


Section 6.15     Financial Covenant.


(a)       Total
Net Leverage Ratio. With respect to the Revolving Facility only, on the last day of any Test Period (it being understood and
agreed that this Section 6.15 shall not apply until the last day of the first Fiscal Quarter ending after the Closing
Date), the Lead Borrower shall not permit the Total Net Leverage Ratio to be greater than 6.00:1.00.


(b)       Financial
Cure. Notwithstanding anything to the contrary in this Agreement (including Article 7), upon the occurrence of
an Event of Default as a result of the Lead Borrower’s failure to comply with Section 6.15(a) above for any Fiscal
Quarter, the Lead Borrower shall have the right (the “Cure Right”) (at any time during such Fiscal Quarter or
thereafter until the date that is 10 Business Days after the date on which financial statements for such Fiscal Quarter are
required to be delivered pursuant to Section 5.01(a) or (b), as applicable) to issue Qualified Capital Stock
or other equity (such other equity to be on terms reasonably acceptable to the Administrative Agent) for Cash or otherwise receive
Cash contributions in respect of Qualified Capital Stock (the “Cure Amount”), and thereupon the Lead Borrower’s
compliance with Section 6.15(a) shall be recalculated giving



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effect to a pro forma increase in the amount of Consolidated
Adjusted EBITDA by an amount equal to the Cure Amount (notwithstanding the absence of a related addback in the definition of “Consolidated
Adjusted EBITDA”) solely for the purpose of determining compliance with Section 6.15(a) as of the end of such
Fiscal Quarter and for applicable subsequent periods that include such Fiscal Quarter. If, after giving effect to the foregoing
recalculation (but not, for the avoidance of doubt, taking into account any immediate repayment of Indebtedness in connection therewith),
the requirements of Section 6.15(a) would be satisfied, then the requirements of Section 6.15(a) shall
be deemed satisfied as of the end of the relevant Fiscal Quarter with the same effect as though there had been no failure to comply
therewith at such date, and the applicable breach or default of Section 6.15(a) that had occurred (or would have occurred)
shall be deemed cured for the purposes of this Agreement. Notwithstanding anything herein to the contrary, (i) in each four
consecutive Fiscal Quarter period there shall be at least two Fiscal Quarters (which may, but are not required to be, consecutive)
in which the Cure Right is not exercised, (ii) during the term of this Agreement, the Cure Right shall not be exercised more
than five times, (iii) the Cure Amount shall be no greater than the amount required for the purpose of complying with Section 6.15(a),
(iv) upon the Administrative Agent’s receipt of a written notice from the Lead Borrower that the Lead Borrower intends
to exercise the Cure Right (a “Notice of Intent to Cure”), until the 10th Business Day following the date
on which financial statements for the Fiscal Quarter to which such Notice of Intent to Cure relates are required to be delivered
pursuant to Section 5.01(a) or (b), as applicable, neither the Administrative Agent (nor any sub-agent therefor)
nor any Lender shall exercise any right to accelerate the Loans or terminate the Revolving Credit Commitments or any Additional
Commitments, and none of the Administrative Agent (nor any sub-agent therefor) nor any Lender or Secured Party shall exercise any
right to foreclose on or take possession of the Collateral or any other right or remedy under the Loan Documents solely on the
basis of the relevant Event of Default under Section 6.15(a), (v) during any Test Period in which any Cure Amount
is included in the calculation of Consolidated Adjusted EBITDA as a result of any exercise of the Cure Right, such Cure Amount
shall be (A) counted solely as an increase to Consolidated Adjusted EBITDA (and not as a reduction of Indebtedness) for the
purpose of determining compliance with Section 6.15(a) and (B) disregarded for all other purposes, including the
purpose of determining whether any financial ratio-based condition has been satisfied, the Applicable Rate or the Commitment Fee
Rate or the availability of any carve-out set forth in Article 6 of this Agreement and (vi) no Revolving Lender
or Issuing Bank shall be required to make any Revolving Loan or issue any Letter of Credit from and after such time as the Administrative
Agent has received the Notice of Intent to Cure unless and until the Cure Amount is actually received.


Section 6.16     Center of Main Interests.
With respect to each Pre­Approved Borrower or Other Non­U.S. Revolving Borrower that is subject to the European Insolvency Regulation,
not, without the prior written consent of the Administrative Agent, change its centre of main interest (as that term is used in
Article 3(1) of the European Insolvency Regulation) unless it is changing to a centre of main interest located in the same
country as the original centre of main interest.


ARTICLE
7



EVENTS OF DEFAULT


Section 7.01     Events of Default.
If any of the following events (each, an “Event of Default”) shall occur:


(a)       Failure
To Make Payments When Due. Failure by the Borrowers to pay (i) any installment of principal of any Loan when due, whether
at stated maturity, by acceleration, by notice of voluntary prepayment, by mandatory prepayment or otherwise; or (ii) any
interest on any Loan or any fee or any other amount due hereunder within five Business Days after the date due; or


(b)       Default
in Other Agreements. (i) Failure by any Loan Party or any of its Restricted Subsidiaries to pay when due any principal
of or interest on or any other amount payable in respect of one or more items of Indebtedness (other than Indebtedness referred
to in clause (a) above) with an aggregate outstanding principal amount exceeding the Threshold Amount, in each case
beyond the grace period, if any, provided therefor; or (ii) breach or default by any Loan Party or any of its Restricted
Subsidiaries with respect to any other term of (A) one or more items of Indebtedness with an aggregate outstanding principal
amount exceeding the Threshold Amount or (B) any loan agreement, mortgage, indenture or other agreement relating to such item(s)
of Indebtedness (other than, for the avoidance of doubt, with respect to Indebtedness consisting of Hedging Obligations, termination



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events or equivalent events pursuant to the terms of the relevant Hedge Agreement which are not the result of any default thereunder
by any Loan Party or any Restricted Subsidiary), in each case beyond the grace period, if any, provided therefor, if the effect
of such breach or default is to cause, or to permit the holder or holders of such Indebtedness (or a trustee or agent on behalf
of such holder or holders) to cause, such Indebtedness to become or be declared due and payable (or redeemable) prior to its stated
maturity or the stated maturity of any underlying obligation, as the case may be; provided that clause (ii)
of this paragraph (b) shall not apply to secured Indebtedness that becomes due as a result of the voluntary sale or
transfer of the property securing such Indebtedness if such sale or transfer is permitted hereunder; provided, further,
that any failure described under clause (i) or (ii) above is unremedied and is not waived by the holders
of such Indebtedness prior to any termination of the Commitments or acceleration of the Loans pursuant to Article 7;
or


(c)       Breach
of Certain Covenants. Failure of any Loan Party, as required by the relevant provision, to perform or comply with any term
or condition contained in Section 5.02 (as it applies to the preservation of the existence of the Borrowers), or Article 6;
; orprovided
that, notwithstanding this clause (c), no breach or default by any Loan Party under Section 6.15(a) will constitute
a Default or Event of Default with respect to any Term Loans unless and until the Required Revolving Lenders have accelerated the
Revolving Loans and any Additional Revolving Loans, terminated the commitments under the Revolving Facility and demanded repayment
of, or otherwise accelerated, the Indebtedness or other obligations under the Revolving Facility; it being understood and
agreed that any breach of Section 6.15(a) is subject to cure as provided therein; or


(d)       Breach
of Representations, Etc. Any representation, warranty or certification made or deemed made by any Loan Party in any Loan Document
or in any certificate required to be delivered in connection herewith or therewith (including, for the avoidance of doubt, any
Perfection Certificate and any Perfection Certificate Supplement) being untrue in any material respect as of the date made or deemed
made; or


(e)       Other
Defaults Under Loan Documents. Default by any Loan Party in the performance of or compliance with any term contained herein
or any of the other Loan Documents, other than any such term referred to in any other Section of this Article 7, which
default has not been remedied or waived within 30 days after receipt by the Borrower of written notice thereof from the
Administrative Agent; or


(f)       Involuntary
Bankruptcy; Appointment of Receiver, Etc. (i) The entry by a court of competent jurisdiction of a decree or order
for relief in respect of Holdings, the Borrowers or any of their Restricted Subsidiaries (other than any Immaterial Subsidiary)
in an involuntary case under any Debtor Relief Law now or hereafter in effect, which decree or order is not stayed; or any
other similar relief shall be granted under any applicable federal, state or local law; or (ii) the commencement of an
involuntary case against Holdings, the Borrowers or any of their Restricted Subsidiaries (other than any Immaterial Subsidiary)
under any Debtor Relief Law; the entry by a court having jurisdiction in the premises of a decree or order for the appointment
of a receiver, receiver and manager, (preliminary) insolvency receiver, liquidator, sequestrator, trustee, custodian or other officer
having similar powers over Holdings, the Borrowers or any of their Restricted Subsidiaries (other than any Immaterial Subsidiary),
or over all or a substantial part of its property; or the involuntary appointment of an interim receiver, trustee or other
custodian of Holdings, the Borrowers or any of their Restricted Subsidiaries (other than any Immaterial Subsidiary) for all or
a substantial part of its property, which remains undismissed, unvacated, unbounded or unstayed pending appeal for 60 consecutive
days; or


(g)       Voluntary
Bankruptcy; Appointment of Receiver, Etc. (i) The entry against Holdings, the Borrowers or any of their Restricted
Subsidiaries (other than any Immaterial Subsidiary) of an order for relief, the commencement by Holdings, the Borrowers or any
of their Restricted Subsidiaries (other than any Immaterial Subsidiary) of a voluntary case under any Debtor Relief Law, or the
consent by Holdings, the Borrowers or any of their Restricted Subsidiaries (other than any Immaterial Subsidiary) to the entry
of an order for relief in an involuntary case or to the conversion of an involuntary case to a voluntary case, under any Debtor
Relief Law, or the consent by the Borrowers or any of their Restricted Subsidiaries (other than any Immaterial Subsidiary) to the
appointment of or taking possession by a receiver, receiver and manager, trustee or other custodian for all or a substantial part
of its property; (ii) the making by Holdings, the Borrowers or any of their Restricted Subsidiaries (other than any Immaterial
Subsidiary) of a general assignment for the benefit of creditors; or (iii) the admission by



    	 	-155-	 



     


    

 


Holdings, the Borrowers or
any of their Restricted Subsidiaries (other than any Immaterial Subsidiary) in writing of their inability to pay their respective
debts as such debts become due; or


(h)       Judgments
and Attachments. The entry or filing of one or more final money judgments, writs or warrants of attachment or similar process
against Holdings, the Borrowers or any of their Restricted Subsidiaries or any of their respective assets involving in the aggregate
at any time an amount in excess of the Threshold Amount (in either case to the extent not adequately covered by self­insurance (if
applicable) or by insurance as to which the relevant third party insurance company has been notified and not denied coverage),
which judgment, writ, warrant or similar process remains unpaid, undischarged, unvacated, unbonded or unstayed pending appeal for
a period of 60 days; or


(i)       Employee
Benefit Plans. The occurrence of one or more ERISA Events, which individually or in the aggregate result in liability of Holdings,
the Borrowers or any of their Restricted Subsidiaries in an aggregate amount which would reasonably be expected to result in a
Material Adverse Effect; or


(j)       Change
of Control. The occurrence of a Change of Control; or


(k)       Guaranties,
Collateral Documents and Other Loan Documents. At any time after the execution and delivery thereof (i) any material Loan
Guaranty for any reason ceasing to be in full force and effect (other than in accordance with its terms or as a result of the occurrence
of the Termination Date) or being declared to be null and void or the repudiation in writing by any Loan Party of its obligations
thereunder (other than as a result of the discharge of such Loan Party in accordance with the terms thereof), (ii) this Agreement,
any intercreditor agreement or any material Collateral Document ceasing to be in full force and effect (other than by reason of
a release of Collateral in accordance with the terms hereof or thereof, the occurrence of the Termination Date or any other termination
of such Collateral Document in accordance with the terms thereof) or being declared null and void or (iii) the contesting
by any Loan Party of the validity or enforceability of any material provision of any Loan Document (or any Lien purported to be
created by the Collateral Documents or Loan Guaranty) in writing or denial by any Loan Party in writing that it has any further
liability (other than by reason of the occurrence of the Termination Date), including with respect to future advances by the Lenders,
under any Loan Document to which it is a party; or


(l)       Subordination.
The Obligations ceasing or the assertion in writing by any Loan Party that the Obligations cease to constitute senior indebtedness
under the subordination provisions of any document or instrument evidencing any permitted Subordinated Indebtedness in excess of
the Threshold Amount or any such subordination provision being invalidated or otherwise ceasing, for any reason, to be valid, binding
and enforceable obligations of the parties thereto;


then, and in every such event (other than (x) an event
with respect to the Borrowers described in clause (f) or (g) of this Article or (y) any Event of Default
arising under Section 6.15(a)) and at any time thereafter during the continuance of such event, the Administrative
Agent may with the consent of, and shall at the request of, the Required Lenders,
(or, as applicable, the Required Revolving Lenders),
by notice to the Borrowers, take any of the following actions, at the same or different times: (i) terminate the Revolving
Credit Commitments, any Ancillary Commitments or any Additional Commitments, and thereupon such Commitments, Ancillary Commitments
and/or Additional Commitments shall terminate immediately, (ii) declare the Loans and obligations under any Ancillary Facility
then outstanding to be due and payable in whole (or in part, in which case any principal not so declared to be due and payable
may thereafter be declared to be due and payable), and thereupon the principal of the Loans and obligations under any Ancillary
Facility so declared to be due and payable, together with accrued interest thereon and all fees and other obligations of the Borrowers
accrued hereunder, shall become due and payable immediately, without presentment, demand, protest or other notice of any kind,
all of which are hereby waived by the Borrowers and (iii) require that the Borrowers deposit in the LC Collateral Account
an additional amount in Cash as reasonably requested by the Issuing Banks (not to exceed 100% of the relevant face amount)
of the then outstanding LC Exposure (minus the amount then on deposit in the LC Collateral Account) and, if requested by
the relevant Ancillary Lender(s), any Ancillary Outstandings; provided that (A) upon the occurrence of an event
with respect to the Borrowers described in clause (f) or (g) of this Article under the Bankruptcy Code,
any such Commitments, Ancillary Commitments and/or Additional Commitments shall automatically terminate and the principal of the
Loans then outstanding, together with accrued interest thereon and all fees and other obligations of



    	 	-156-	 



     


    

 


the Borrowers accrued hereunder,
shall automatically become due and payable, without presentment, demand, protest or other notice of any kind, all of which are
hereby waived by the Borrowers, and the obligation of the Borrowers to Cash collateralize the outstanding Letters of Credit or
Ancillary Outstandings as aforesaid shall automatically become effective, in each case without further action of the Administrative
Agent or any Lender and (B) during the continuance of any Event of Default arising under Section 6.15(a), (X) upon
the request of the Required Revolving Lenders (but
not the Required Lenders, any other Lender or group
of Lenders), the Administrative Agent shall, by notice to the Borrowers, (1) terminate the Revolving Credit Commitments, and
thereupon such Revolving Credit Commitments shall terminate immediately, (2) declare the Revolving Loans then outstanding
to be due and payable in whole (or in part, in which case any principal not so declared to be due and payable may thereafter be
declared to be due and payable), and thereupon the principal of the Revolving Loans so declared to be due and payable, together
with accrued interest thereon and all fees and other obligations of the Borrowers accrued hereunder, shall become due and payable
immediately, without presentment, demand, protest or other notice of any kind, all of which are hereby waived by the Borrowers
and (3) require that any Borrower deposit in the LC Collateral Account an additional amount in Cash as reasonably requested
by the Issuing Banks (not to exceed 100% of the relevant face amount) of the then outstanding LC Exposure (minus the amount
then on deposit in the LC Collateral Account) and (Y) on or after the date on which the rights under clause (X) above
are exercised, the Administrative Agent may with the consent of, and shall at the request of, the Required Lenders, by notice to
the Borrowers, declare the Loans then outstanding to be due and payable in whole (or in part, in which case any principal not so
declared to be due and payable may thereafter be declared to be due and payable), and thereupon the principal of the Loans so declared
to be due and payable, together with accrued interest thereon and all fees and other obligations of the Borrowers accrued hereunder,
shall become due and payable immediately, without presentment, demand, protest or other notice of any kind, all of which are hereby
waived by the Borrowers. Upon the occurrence and during the continuance of an Event of Default, the Administrative Agent may, with
the consent of and shall, at the request of, the Required Lenders, exercise any rights and remedies provided to the Administrative
Agent under the Loan Documents or at law or equity, including all remedies provided under the UCC.


ARTICLE
8



THE ADMINISTRATIVE AGENT


Each of the Lenders and the Issuing Banks
hereby irrevocably appoints RBC (or any successor appointed pursuant hereto) as Administrative Agent and authorizes the Administrative
Agent to take such actions on its behalf, including execution of the other Loan Documents, and to exercise such powers as are delegated
to the Administrative Agent by the terms of the Loan Documents, together with such actions and powers as are reasonably incidental
thereto.


Any Person serving as Administrative Agent
hereunder shall have the same rights and powers in its capacity as a Lender as any other Lender and may exercise the same as though
it were not the Administrative Agent, and the term “Lender” or “Lenders” shall, unless otherwise expressly
indicated, unless the context otherwise requires or unless such Person is in fact not a Lender, include each Person serving as
Administrative Agent hereunder in its individual capacity. Such Person and its Affiliates may accept deposits from, lend money
to, act as the financial advisor or in any other advisory capacity for and generally engage in any kind of business with any Loan
Party or any subsidiary of any Loan Party or other Affiliate thereof as if it were not the Administrative Agent hereunder. The
Lenders acknowledge that, pursuant to such activities, the Administrative Agent or its Affiliates may receive information regarding
any Loan Party or any of its Affiliates (including information that may be subject to confidentiality obligations in favor of such
Loan Party or such Affiliate) and acknowledge that the Administrative Agent shall not be under any obligation to provide such information
to them.


The Administrative Agent shall not have
any duties or obligations except those expressly set forth in the Loan Documents. Without limiting the generality of the foregoing,
(a) the Administrative Agent shall not be subject to any fiduciary or other implied duties, regardless of whether a Default
or Event of Default exists, and the use of the term “agent” herein and in the other Loan Documents with reference to
the Administrative Agent is not intended to connote any fiduciary or other implied (or express) obligations arising under agency
doctrine of any applicable law; it being understood that such term is used merely as a matter of market custom, and is intended
to create or reflect only an administrative relationship between independent contracting parties, (b) the Administrative Agent
shall not have any duty to take any discretionary action or exercise any discretionary power, except



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discretionary rights and powers
that are expressly contemplated by the Loan Documents and which the Administrative Agent is required to exercise in writing as
directed by the Required Lenders or Required Revolving Lenders
(or such other number or percentage of the Lenders as shall be necessary under the relevant circumstances as provided in Section 9.02);
provided that the Administrative Agent shall not be required to take any action that, in its opinion or the opinion of its
counsel, may expose the Administrative Agent to liability or that is contrary to any Loan Document or applicable laws, and (c) except
as expressly set forth in the Loan Documents, the Administrative Agent shall not have any duty to disclose, and shall not be liable
for the failure to disclose, any information relating to the Lead Borrower or any of its Restricted Subsidiaries that is communicated
to or obtained by the Person serving as Administrative Agent or any of its Affiliates in any capacity. The Administrative Agent
shall not be liable to the Lenders or any other Secured Party for any action taken or not taken by it with the consent or at the
request of the Required Lenders or Required Revolving Lenders
(or such other number or percentage of the Lenders as shall be necessary, or as the Administrative Agent shall believe in good
faith shall be necessary, under the relevant circumstances as provided in Section 9.02) or in the absence of its own
gross negligence or willful misconduct, as determined by the final judgment of a court of competent jurisdiction, in connection
with its duties expressly set forth herein. The Administrative Agent shall not be deemed to have knowledge of any Default or Event
of Default unless and until written notice thereof is given to the Administrative Agent by the Borrowers or any Lender, and the
Administrative Agent shall not be responsible for or have any duty to ascertain or inquire into (i) any statement, warranty
or representation made in or in connection with any Loan Document, (ii) the contents of any certificate, report or other document
delivered hereunder or in connection with any Loan Document, (iii) the performance or observance of any covenant, agreement
or other term or condition set forth in any Loan Document or the occurrence of any Default or Event of Default, (iv) the validity,
enforceability, effectiveness or genuineness of any Loan Document or any other agreement, instrument or document, (v) the
creation, perfection or priority of any Lien on the Collateral or the existence, value or sufficiency of the Collateral, (vi) the
satisfaction of any condition set forth in Article 4 or elsewhere in any Loan Document, other than to confirm receipt
of items expressly required to be delivered to the Administrative Agent or (vii) any property, book or record of any Loan
Party or any Affiliate thereof.


If any Lender acquires knowledge of a Default
or Event of Default, it shall promptly notify the Administrative Agent and the other Lenders thereof in writing. Each Lender agrees
that, except with the written consent of the Administrative Agent, it will not take any enforcement action hereunder or under any
other Loan Document, accelerate the Obligations under any Loan Document, or exercise any right that it might otherwise have under
applicable law or otherwise to credit bid at any foreclosure sale, UCC sale, any sale under Section 363 of the Bankruptcy
Code or other similar Dispositions of Collateral. Notwithstanding the foregoing, however, a Lender may take action to preserve
or enforce its rights against a Loan Party where a deadline or limitation period is applicable that would, absent such action,
bar enforcement of the Obligations held by such Lender, including the filing of a proof of claim in a case under the Bankruptcy
Code.


Notwithstanding anything to the contrary
contained herein or in any of the other Loan Documents, the Borrowers, the Administrative Agent and each Secured Party agree that
(i) no Secured Party shall have any right individually to realize upon any of the Collateral or to enforce the Loan Guaranty;
it being understood and agreed that all powers, rights and remedies hereunder may be exercised solely by, the Administrative Agent,
on behalf of the Secured Parties in accordance with the terms hereof and all powers, rights and remedies under the other Loan Documents
may be exercised solely by, the Administrative Agent, and (ii) in the event of a foreclosure by the Administrative Agent on
any of the Collateral pursuant to a public or private sale or in the event of any other Disposition (including pursuant to Section 363
of the Bankruptcy Code), (A) the Administrative Agent, as agent for and representative of the Secured Parties, shall be entitled,
for the purpose of bidding and making settlement or payment of the purchase price for all or any portion of the Collateral sold
at any such sale, to use and apply any of the Obligations as a credit on account of the purchase price for any Collateral payable
by the Administrative Agent at such Disposition and (B) the Administrative Agent or any Lender may be the purchaser or licensor
of any or all of such Collateral at any such Disposition.


No holder of any Secured Hedging Obligation,
Banking Services Obligation or Ancillary Obligation in its respective capacity as such shall have any rights in connection with
the management or release of any Collateral or of the obligations of any Loan Party under this Agreement.



    	 	-158-	 



     


    




Each of the Lenders hereby irrevocably
authorizes (and by entering into a Hedge Agreement with respect to any Secured Hedging Obligation, by entering into documentation
in connection with any Banking Services Obligation and/or by entering into any Ancillary Documents in connection with any Ancillary
Obligation, each of the other Secured Parties hereby authorizes and shall be deemed to authorize) the Administrative Agent, on
behalf of all Secured Parties to take any of the following actions upon the instruction of the Required Lenders:


(a)       consent
to the Disposition of all or any portion of the Collateral free and clear of the Liens securing the Secured Obligations in connection
with any Disposition pursuant to the applicable provisions of the Bankruptcy Code, including Section 363 thereof;


(b)       credit
bid all or any portion of the Secured Obligations, or purchase all or any portion of the Collateral (in each case, either directly
or through one or more acquisition vehicles), in connection with any Disposition of all or any portion of the Collateral pursuant
to the applicable provisions of the Bankruptcy Code, including under Section 363 thereof;


(c)       credit
bid all or any portion of the Secured Obligations, or purchase all or any portion of the Collateral (in each case, either directly
or through one or more acquisition vehicles), in connection with any Disposition of all or any portion of the Collateral pursuant
to the applicable provisions of the UCC, including pursuant to Sections 9-610 or 9-620 of the UCC;


(d)       credit
bid all or any portion of the Secured Obligations, or purchase all or any portion of the Collateral (in each case, either directly
or through one or more acquisition vehicles), in connection with any foreclosure or other Disposition conducted in accordance with
applicable law following the occurrence of an Event of Default, including by power of sale, judicial action or otherwise;
and/or


(e)       estimate
the amount of any contingent or unliquidated Secured Obligations of such Lender or other Secured Party;


it being understood that no Lender shall be required to fund
any amount in connection with any purchase of all or any portion of the Collateral by the Administrative Agent pursuant to the
foregoing clause (b), (c) or (d) without its prior written consent.


Each Secured Party agrees that the Administrative
Agent is under no obligation to credit bid any part of the Secured Obligations or to purchase or retain or acquire any portion
of the Collateral; provided that, in connection with any credit bid or purchase described under clause (b),
(c) or (d) of the preceding paragraph, the Secured Obligations owed to all of the Secured Parties (other
than with respect to contingent or unliquidated liabilities as set forth in the next succeeding paragraph) may be, and shall be,
credit bid by the Administrative Agent on a ratable basis.


With respect to each contingent or unliquidated
claim that is a Secured Obligation, the Administrative Agent is hereby authorized, but is not required, to estimate the amount
thereof for purposes of any credit bid or purchase described in the second preceding paragraph so long as the estimation of the
amount or liquidation of such claim would not unduly delay the ability of the Administrative Agent to credit bid the Secured Obligations
or purchase the Collateral in the relevant Disposition. In the event that the Administrative Agent, in its sole and absolute discretion,
elects not to estimate any such contingent or unliquidated claim or any such claim cannot be estimated without unduly delaying
the ability of the Administrative Agent to consummate any credit bid or purchase in accordance with the second preceding paragraph,
then any contingent or unliquidated claims not so estimated shall be disregarded, shall not be credit bid, and shall not be entitled
to any interest in the portion or the entirety of the Collateral purchased by means of such credit bid.


Each Secured Party whose Secured Obligations
are credit bid under clause (b), (c) or (d) of the third preceding paragraph shall be entitled
to receive interests in the Collateral or any other asset acquired in connection with such credit bid (or in the Capital Stock
of the acquisition vehicle or vehicles that are used to consummate such acquisition) on a ratable basis in accordance with the
percentage obtained by dividing (x) the



    	 	-159-	 



     


    

 


amount of the Secured Obligations of such Secured Party that were credit bid in such
credit bid or other Disposition, by (y) the aggregate amount of all Secured Obligations that were credit bid in such credit
bid or other Disposition.


In addition, in case of the pendency of
any proceeding under any Debtor Relief Law or any other judicial proceeding relative to any Loan Party, each Secured Party agrees
that the Administrative Agent (irrespective of whether the principal of any Loan or LC Exposure is then due and payable as herein
expressed or by declaration or otherwise and irrespective of whether the Administrative Agent shall have made any demand on the
Borrowers) shall be entitled and empowered, by intervention in such proceeding or otherwise:


(i)       to
file and prove a claim for the whole amount of the principal and interest owing and unpaid in respect of the Loans or LC Exposure
and all other Obligations that are owing and unpaid and to file such other documents as may be necessary or advisable in order
to have the claims of the Lenders, the Issuing Banks and the Administrative Agent (including any claim for the reasonable compensation,
expenses, disbursements and advances of the Lenders, the Issuing Banks and the Administrative Agent and their respective agents
and counsel and all other amounts to the extent due to the Lenders and the Administrative Agent under Sections 2.12
and 9.03) allowed in such judicial proceeding; and


(ii)       to
collect and receive any monies or other property payable or deliverable on any such claims and to distribute the same.


Any custodian, receiver, assignee, trustee,
liquidator, sequestrator or other similar official in any such judicial proceeding is hereby authorized by each Lender and each
Issuing Bank to make such payments to the Administrative Agent and, in the event that the Administrative Agent consents to the
making of such payments directly to the Lenders and the Issuing Banks, to pay to the Administrative Agent any amount due for the
reasonable compensation, expenses, disbursements and advances of the Administrative Agent and its agents and counsel, and any other
amount due to the Administrative Agent under Sections 2.12 and 9.03.


Nothing contained herein shall be deemed
to authorize the Administrative Agent to authorize or consent to or accept or adopt on behalf of any Lender or any Issuing Bank
any plan of reorganization, arrangement, adjustment or composition affecting the Obligations or the rights of any Lender or any
Issuing Bank or to authorize the Administrative Agent to vote in respect of the claim of any Lender or any Issuing Bank in any
such proceeding.


The Administrative Agent shall be entitled
to rely upon, and shall not incur any liability for relying upon, any notice, request, certificate, consent, statement, instrument,
document or other writing (including any electronic message, Internet or intranet website posting or other distribution) believed
by it to be genuine and to have been signed, sent or otherwise authenticated by the proper Person. The Administrative Agent also
may rely upon any statement made to it orally or by telephone and believed by it to have been made by the proper Person, and shall
not incur any liability for relying thereon. In determining compliance with any condition hereunder to the making of a Loan, or
the issuance of a Letter of Credit, that by its terms must be fulfilled to the satisfaction of a Lender or the applicable Issuing
Bank, the Administrative Agent may presume that such condition is satisfactory to such Lender unless the Administrative Agent has
received notice to the contrary from such Lender or Issuing Bank prior to the making of such Loan or the issuance of such Letter
of Credit. The Administrative Agent may consult with legal counsel (who may be counsel for the Lead Borrower), independent accountants
and other experts selected by it, and shall not be liable for any action taken or not taken by it in accordance with the advice
of any such counsel, accountants or experts.


The Administrative Agent may perform any
and all of its duties and exercise its rights and powers by or through any one or more sub-agents appointed by it. The Administrative
Agent and any such sub-agent may perform any and all of their respective duties and exercise their respective rights and powers
through their respective Related Parties. The exculpatory provisions of this Article shall apply to any such sub-agent and to the
Related Parties of the Administrative Agent and any such sub-agent and shall apply to their respective activities in connection
with the syndication of the credit facilities provided for herein as well as activities as the Administrative Agent.



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The Administrative Agent may resign at
any time by giving ten days’ written notice to the Lenders, the Issuing Banks and the Borrowers. If the Administrative Agent
becomes subject to an insolvency proceeding, either the Required Lenders or the Lead Borrower may, upon ten days’ notice,
remove the Administrative Agent. Upon receipt of any such notice of resignation or delivery of any such notice of removal, the
Required Lenders shall have the right, with the consent of the Lead Borrower (not to be unreasonably withheld or delayed), to appoint
a successor Administrative Agent which shall be a commercial bank or trust company with offices in the U.S. having combined
capital and surplus in excess of $1,000,000,000; provided that during the existence and continuation of an Event of
Default under Section 7.01(a) or, with respect to Holdings or the Lead Borrower, Section 7.01(f) or (g),
no consent of the Lead Borrower shall be required. If no successor shall have been appointed as provided above and accepted such
appointment within ten days after the retiring Administrative Agent gives notice of its resignation or the Administrative Agent
receives notice of removal, then (a) in the case of a retirement, the retiring Administrative Agent may (but shall not be
obligated to), on behalf of the Lenders and the Issuing Banks, appoint a successor Administrative Agent meeting the qualifications
set forth above (including, for the avoidance of doubt, consent of the Lead Borrower) or (b) in the case of a removal, the
Lead Borrower may, after consulting with the Required Lenders, appoint a successor Administrative Agent meeting the qualifications
set forth above; provided that (x) in the case of a retirement, if the Administrative Agent notifies the Lead
Borrower, the Lenders and the Issuing Banks that no qualifying Person has accepted such appointment or (y) in the case of
a removal, the Lead Borrower notifies the Required Lenders that no qualifying Person has accepted such appointment, then, in each
case, such resignation or removal shall nonetheless become effective in accordance with and on the 30th day following delivery
of such notice and (i) the retiring or removed Administrative Agent shall be discharged from its duties and obligations hereunder
and under the other Loan Documents (except that in the case of any collateral security held by the Administrative Agent in its
capacity as collateral agent for the Secured Parties for perfection purposes, the retiring Administrative Agent shall continue
to hold such collateral security until such time as a successor Administrative Agent is appointed) and (ii) all payments,
communications and determinations required to be made by, to or through the Administrative Agent shall instead be made by or to
each Lender and each Issuing Bank directly (and each Lender and each Issuing Bank will cooperate with the Borrowers to enable the
Borrowers to take such actions), until such time as the Required Lenders or the Lead Borrower, as applicable, appoint a successor
Administrative Agent, as provided for above in this Article 8. Upon the acceptance of its appointment as Administrative
Agent hereunder as a successor Administrative Agent, such successor Administrative Agent shall succeed to and become vested with
all the rights, powers, privileges and duties of the retiring or removed Administrative Agent (other than any rights to indemnity
payments owed to the retiring Administrative Agent), and the retiring or removed Administrative Agent shall be discharged from
its duties and obligations hereunder (other than its obligations under Section 9.13). The fees payable by the Borrowers
to a successor Administrative Agent shall be the same as those payable to its predecessor unless otherwise agreed between the Borrowers
and such successor Administrative Agent. After the Administrative Agent’s resignation or removal hereunder, the provisions
of this Article and Section 9.03 shall continue in effect for the benefit of such retiring or removed Administrative
Agent, its sub-agents and their respective Related Parties in respect of any action taken or omitted to be taken by any of them
while the relevant Person was acting as Administrative Agent (including for this purpose holding any collateral security following
the retirement or removal of the Administrative Agent). Notwithstanding anything to the contrary herein, no Disqualified Institution
(nor any Affiliate thereof) may be appointed as a successor Administrative Agent.


Each of each Lender, each Ancillary Lender
and each Issuing Bank acknowledges that it has, independently and without reliance upon the Administrative Agent or any other Lender
or any of their Related Parties and based on such documents and information as it has deemed appropriate, made its own credit analysis
and decision to enter into this Agreement. Each of each Lender, each Ancillary Lender and each Issuing Bank also acknowledges that
it will, independently and without reliance upon the Administrative Agent or any other Lender or any of their respective Related
Parties and based on such documents and information as it shall from time to time deem appropriate, continue to make its own decisions
in taking or not taking action under or based upon this Agreement, any other Loan Document or related agreement or any document
furnished hereunder or thereunder. Except for notices, reports and other documents expressly required to be furnished to the Lenders,
the Ancillary Lenders and the Issuing Banks by the Administrative Agent herein, the Administrative Agent shall not have any duty
or responsibility to provide any Lender, any Ancillary Lender or any Issuing Bank with any credit or other information concerning
the business, prospects, operations, property, financial and other condition or creditworthiness of any of the Loan Parties or
any of their respective Affiliates which may come into the possession of the Administrative Agent or any of its Related Parties.



    	 	-161-	 



     


    




Notwithstanding anything to the contrary
herein, the Arrangers shall not have any right, power, obligation, liability, responsibility or duty under this Agreement, except
in their respective capacities as the Administrative Agent, an Issuing Bank or a Lender hereunder, as applicable.


Each Secured Party irrevocably authorizes
and instructs the Administrative Agent to, and the Administrative Agent shall,


(a)       release
any Lien on any property granted to or held by Administrative Agent under any Loan Document (i) upon the occurrence of the
Termination Date, (ii) that is sold or to be sold or transferred as part of or in connection with any Disposition permitted
under the Loan Documents to a Person that is not a Loan Party, (iii) that does not constitute (or ceases to constitute) Collateral,
(iv) if the property subject to such Lien is owned by a Subsidiary Guarantor, upon the release of such Subsidiary Guarantor
from its Loan Guaranty otherwise in accordance with the Loan Documents, (v) as required under clause (d) below
or (vi) if approved, authorized or ratified in writing by the Required Lenders in accordance with Section 9.02;


(b)       subject
to Section 9.22, release any Subsidiary Guarantor from its obligations under the Loan Guaranty if such Person ceases
to be a Restricted Subsidiary (or becomes an Excluded Subsidiary as a result of a single transaction or series of related transactions
permitted hereunder; provided that the release of any Subsidiary Guarantor from its obligations under the Loan Guaranty
if such Subsidiary Guarantor becomes an Excluded Subsidiary of the type described in clause (a) of the definition thereof
shall only be permitted if at the time such Guarantor becomes an Excluded Subsidiary of such type (1) no Event of Default
exists, (2) after giving pro forma effect to such release and the consummation of the transaction that causes such Person
to be an Excluded Subsidiary of such type, the Lead Borrower is deemed to have made a new Investment in such Person for purposes
of Section 6.06 (as if such Person were then newly acquired) in an amount equal to the portion of the fair market value
of the net assets of such Person attributable to the Lead Borrower’s equity interest therein as reasonably estimated by the
Lead Borrower and such Investment is permitted pursuant to Section 6.06 (other than Section 6.06(f)) at
such time, (3) such Person does not own Trademarks in an aggregate principal amount in excess of $250,000,000 minus the amount
of any Trademarks Invested or Disposed in reliance on clause (b)(ii) of the last paragraph of Section 6.06 or clause (b)(ii) of
the last paragraph of Section 6.07 and (4) a Responsible Officer of the Lead Borrower certifies to the Administrative Agent
compliance with preceding clauses (1), (2) and (3));


(c)       subordinate
any Lien on any property granted to or held by the Administrative Agent under any Loan Document to the holder of any Lien on such
property that is permitted by Sections 6.02(d), 6.02(e), 6.02(g), 6.02(m), 6.02(n), 6.02(o)
(other than any Lien on the Capital Stock of any Subsidiary Guarantor), 6.02(q), 6.02(r), 6.02(x), 6.02(y),
6.02(z)(i), 6.02(bb), 6.02(cc), 6.02(ee), 6.02(ff) and 6.02(ll) (and any Refinancing
Indebtedness in respect of any thereof to the extent such Refinancing Indebtedness is permitted to be secured under Section 6.02(k));
provided that the subordination of any Lien on any property granted to or held by the Administrative Agent shall only be
required to the extent that the Lien of the Administrative Agent with respect to such property is required to be subordinated to
the relevant Permitted Lien in accordance with applicable law or the documentation governing the Indebtedness that is secured by
such Permitted Lien; and


(d)       enter
into subordination, intercreditor and/or similar agreements with respect to Indebtedness that is (i) required or permitted
to be subordinated hereunder and/or (ii) secured by Liens, and with respect to which Indebtedness, this Agreement contemplates
an intercreditor, subordination or collateral trust agreement.


Upon the request of the Administrative
Agent at any time, the Required Lenders will confirm in writing the Administrative Agent’s authority to release or subordinate
its interest in particular types or items of property, or to release any Loan Party from its obligations under the Guarantee or
its Lien on any Collateral pursuant to this Article 8. In each case as specified in this Article 8, the
Administrative Agent will (and each Lender, and



    	 	-162-	 



     


    

 


Issuing Bank hereby authorizes the Administrative Agent to), at the Lead Borrower’s
expense, execute and deliver to the applicable Loan Party such documents as such Loan Party may reasonably request to evidence
the release of such item of Collateral from the assignment and security interest granted under the Collateral Documents or to subordinate
its interest therein, or to release such Loan Party from its obligations under the Loan Guaranty, in each case in accordance with
the terms of the Loan Documents and this Article 8; provided that upon the request of the Administrative
Agent, the Lead Borrower shall deliver a certificate of a Responsible Officer certifying that the relevant transaction has been
consummated in compliance with the terms of this Agreement.


The Administrative Agent is authorized
to enter any intercreditor agreement (including any Permitted Pari Passu Intercreditor Agreement, any First Lien/Second Lien Intercreditor
Agreement or any Permitted Junior Intercreditor Agreement) contemplated hereby with respect to Indebtedness that is (i) required
or permitted to be subordinated hereunder and/or (ii) secured by Liens and which Indebtedness contemplates an intercreditor,
subordination or collateral trust agreement (any such other intercreditor agreement, an “Additional Agreement”),
and the parties hereto acknowledge that any such Additional Agreement is binding upon them. Each Lender and Issuing Bank (a) hereby
consents to the subordination of the Liens on the Collateral securing the Obligations on the terms set forth in the First Lien/Second
Lien Intercreditor Agreement (b) hereby agrees that it will be bound by, and will not take any action contrary to the First
Lien/Second Lien Intercreditor Agreement or any Additional Agreement and (c) hereby authorizes and instructs the Administrative
Agent to enter into any Additional Agreement and to subject the Liens on the Collateral securing the Secured Obligations to the
provisions thereof. The foregoing provisions are intended as an inducement to the Secured Parties to extend credit to the Borrowers,
and the Secured Parties are intended third-party beneficiaries of such provisions and the provisions of the First Lien/Second Lien
Intercreditor Agreement and any Additional Agreement.


To the extent that the Administrative Agent
(or any Affiliate thereof) or any Issuing Bank is not reimbursed and indemnified by the Lead Borrower, the Lenders will reimburse
and indemnify the Administrative Agent (and any Affiliate thereof) or such Issuing Bank in proportion to their respective Applicable
Percentages (or, as applicable, Dollar Revolving Applicable Percentages or Multicurrency Revolving Applicable Percentages) (determined
as if there were no Defaulting Lenders) for and against any and all liabilities, obligations, losses, damages, penalties, claims,
actions, judgments, costs, expenses or disbursements of whatsoever kind or nature which may be imposed on, asserted against or
incurred by the Administrative Agent (or any Affiliate thereof) or such Issuing Bank in performing its duties hereunder or under
any other Loan Document or in any way relating to or arising out of this Agreement or any other Loan Document; provided
that no Lender shall be liable for any portion of such liabilities, obligations, losses, damages, penalties, claims, actions,
judgments, suits, costs, expenses or disbursements resulting from the Administrative Agent’s (or such affiliate’s)
or such Issuing Bank’s gross negligence or willful misconduct (as determined by a court of competent jurisdiction in a final
and non­appealable decision).


ARTICLE
9



MISCELLANEOUS


Section 9.01     Notices.


(a)       Except
in the case of notices and other communications expressly permitted to be given by telephone (and subject to paragraph (b)
below), all notices and other communications provided for herein shall be in writing and shall be delivered by hand or overnight
courier service, mailed by certified or registered mail or sent by facsimile or e-mail, as follows:


(i)       if
to any Loan Party, to such Loan Party in the care of the Lead Borrower at:


Spectrum Brands, Inc.

3001 Deming Way

Middleton, WI 53562-1431

Telephone: 608-275 3340

Facsimile: 608-288-4485



    	 	-163-	 



     


    



Attention: Jeremy Smeltser

e-mail: Jeremy.smeltser@spectrumbrands.com


with copy to (which shall not constitute notice to
any Loan Party):


Paul Weiss Rifkind Wharton & Garrison LLP

1285 Avenue of the Americas

New York, NY 10019

Telephone: (212) 373-32933309

Facsimile: (212) 492-02920309

Attention: Eric GoodisonRaphael
M. Russo

e-mail: egoodisonrrusso@paulweiss.com


(ii)       if
to the Administrative Agent, at:


Royal Bank of Canada

Agency Services Group

20 King Street West, 4th Floor

Toronto, Ontario   M5H 1C4

Attention: Manager, Agency Services

Facsimile: (416) 842-4023

e-mail: rbcmagnt@rbccm.com with a copy to (which shall not constitute notice to the Administrative Agent):


Paul HastingsDavis
Polk & Wardwell LLP

200 Park450 Lexington
Avenue

New York, New York 1016610017

Attention: Michael BakerJeong
Lee

Telephone: (212) 318450-68554954

e-mail: michaelbaker@paulhastings.com jeong.lee@davispolk.com


(iii)       if
to any Lender, to it at its address or facsimile number set forth in its Administrative Questionnaire.


All such notices and other communications (A) sent by
hand or overnight courier service, or mailed by certified or registered mail, shall be deemed to have been given when delivered
in person or by courier service and signed for against receipt thereof or three Business Days after dispatch if sent by certified
or registered mail, in each case, delivered, sent or mailed (properly addressed) to the relevant party as provided in this Section 9.01
or in accordance with the latest unrevoked direction from such party given in accordance with this Section 9.01 or
(B) sent by facsimile shall be deemed to have been given when sent and when receipt has been confirmed by telephone;
provided that received notices and other communications sent by telecopier shall be deemed to have been given when sent
(except that, if not given during normal business hours for the recipient, such notices or other communications shall be deemed
to have been given at the opening of business on the next Business Day for the recipient). Notices and other communications delivered
through electronic communications to the extent provided in clause (b) below shall be effective as provided in such
clause (b).


(b)       Notices
and other communications to the Lenders hereunder may be delivered or furnished by electronic communications (including e-mail and
Internet or Intranet websites) pursuant to procedures set forth herein or otherwise approved by the Administrative Agent. The Administrative
Agent or the Lead Borrower (on behalf of any Loan Party) may, in its discretion, agree to accept notices and other communications
to it hereunder by electronic communications pursuant to procedures set forth herein or otherwise approved by it; provided
that approval of such procedures may be limited to particular notices or communications. All such notices and other communications
(i) sent to an e-mail address shall be deemed received upon the sender’s receipt of an acknowledgement from the intended
recipient (such as by the “return receipt requested” function, as available, return e-mail or other written acknowledgement);
provided that if not given during the normal business hours of the recipient, such notice or communication shall be deemed
to have been given at the opening of business on the next



    	 	-164-	 



     


    

 


Business Day for the recipient, and (ii) posted to an Internet or
Intranet website shall be deemed received upon the deemed receipt by the intended recipient at its e-mail address as described in
the foregoing clause (b)(i) of notification that such notice or communication is available and identifying the website
address therefor.


(c)       Any
party hereto may change its address or facsimile number or other notice information hereunder by notice to the other parties hereto.


Section 9.02     Waivers; Amendments.


(a)       No
failure or delay by the Administrative Agent, any Issuing Bank or any Lender in exercising any right or power hereunder or under
any other Loan Document shall operate as a waiver thereof, nor shall any single or partial exercise of any such right or power,
or any abandonment or discontinuance of steps to enforce such a right or power, preclude any other or further exercise thereof
or the exercise of any other right or power. The rights and remedies of the Administrative Agent, the Issuing Banks and the Lenders
hereunder and under any other Loan Document are cumulative and are not exclusive of any rights or remedies that they would otherwise
have. No waiver of any provision of any Loan Document or consent to any departure by any Loan Party therefrom shall in any event
be effective unless the same is permitted by paragraph (b) of this Section 9.02, and then such waiver or
consent shall be effective only in the specific instance and for the purpose for which given. Without limiting the generality of
the foregoing, to the extent permitted by law, the making of a Loan or the issuance of any Letter of Credit shall not be construed
as a waiver of any Default or Event of Default, regardless of whether the Administrative Agent, any Lender or any Issuing Bank
may have had notice or knowledge of such Default or Event of Default at the time.


(b)       Subject
to clauses (A), (B), (C) and (D) of this Section 9.02(b) and Sections 9.02(c)
and (d) below, neither this Agreement nor any other Loan Document nor any provision hereof or thereof may be waived,
amended or modified, except (i) in the case of this Agreement, pursuant to an agreement or agreements in writing entered into
by the Lead Borrower and the Required Lenders (or the Administrative Agent with the consent of the Required Lenders) or (ii) in
the case of any other Loan Document (other than any waiver, amendment or modification to effectuate any modification thereto expressly
contemplated by the terms of such other Loan Documents), pursuant to an agreement or agreements in writing entered into by the
Administrative Agent and each Loan Party that is party thereto, with the consent of the Required Lenders; provided that,
notwithstanding the foregoing:


(A)       except
with the consent of each Lender directly and adversely affected thereby (but without the consent of the Required Lenders other
than with respect to (i) an increase in the aggregate amount of Commitments or (ii) provision of additional Collateral
to support any increase in the aggregate amount of Commitments), no such waiver, amendment or modification shall:


(1)       increase
the Commitment or Additional Commitment of such Lender (other than with respect to any Incremental Revolving Facility pursuant
to Section 2.22 in respect of which such Lender has agreed to be an Additional Lender); it being understood that
no amendment, modification or waiver of, or consent to departure from, any condition precedent, representation, warranty, covenant,
Default, Event of Default, mandatory prepayment or mandatory reduction of the Commitments or Additional Commitments shall constitute
an increase of any Commitment or Additional Commitment of such Lender;


(2)       reduce
or forgive the principal amount of any Loan;Loan
on any amount due on any Loan Installment Date;


(3)       (x)
extend the scheduled final maturity of any Loan or (y) postpone any Loan
Installment Date, any Interest Payment Date or the date of any scheduled payment of any fee payable hereunder (in
each case, other than any extension for administrative reasons agreed by the Administrative Agent);



    	 	-165-	 



     


    




(4)       reduce
the rate of interest (other than to waive any Default or Event of Default or obligation of the Lead Borrower or Borrowers (if applicable)
to pay interest at the default rate of interest under Section 2.13(f), which shall only require the consent of the
Required Lenders) or the amount of any fee owed to such Lender; it being understood that no change in the definition of “First
Lien Net Leverage Ratio” or any other ratio used in the calculation of the Applicable Rate or the Commitment Fee Rate, or
in the calculation of any other interest or fee due hereunder (including any component definition thereof) shall constitute a reduction
in any rate of interest or fee hereunder;


(5)       extend
the expiry date of such Lender’s Commitment or Additional Commitment; it being understood that no amendment, modification
or waiver of, or consent to departure from, any condition precedent, representation, warranty, covenant, Default, Event of Default,
mandatory prepayment or mandatory reduction of the Commitments or Additional Commitments shall constitute an extension of any Commitment
or Additional Commitment of any Lender; and


(6)       waive,
amend or modify the provisions of Section 2.18(b) or 2.18(c) of this Agreement in a manner that would by
its terms alter the pro rata sharing of payments required thereby (except in connection with any transaction permitted under
Sections 2.22, 2.23 and/or,
9.02(c) and/or 9.05(g) or as otherwise provided
in this Section 9.02); and


(B)       no
such waiver, amendment or modification shall:


(1)       change
(x) any of the provisions of Section 9.02(a)
or Section 9.02(b) or the definition of “Required Lenders” to reduce any voting percentage required to
waive, amend or modify any right thereunder or make any determination or grant any consent thereunder, without the prior written
consent of each Lender;Lender
or (y) the definition of “Required Revolving Lenders” without the prior written consent of each Revolving Lender
(it being understood that the consent of the Required Lenders shall not be required in connection with any change to the definition
of “Required Revolving Lenders”); provided that Section 9.02(a) and/or Section 9.02(b)
may be amended to the extent necessary to permit the introduction of structural and tax considerations and collateral and guarantee
arrangements (including collateral allocation mechanism arrangements) in connection with the execution of a Borrower Joinder Agreement;
or


(2)       release
all or substantially all of the Collateral from the Lien granted pursuant to the Loan Documents (except as otherwise permitted
herein or in the other Loan Documents, including pursuant to Article 8 or Section 9.22), without the prior
written consent of each Lender; or


(3)       release
all or substantially all of the value of the Guarantees under the Loan Guaranty (except as otherwise permitted herein or in the
other Loan Documents, including pursuant to Section 9.22 hereof), without the prior written consent of each Lender;


(4)       change
any provisions of any Loan Document (i) in a manner that by its terms adversely affects the rights in respect of payments
(including prepayments) due to Lenders holding Loans of any Class differently than those holding Loans of any other Class or (ii) in
a manner that results in any adverse change to any payment waterfall provisions set forth in any Loan Document or any adverse change
to the Guarantees or the Collateral, in each case without the written consent of (x) in the case of paragraph (4)(i),
Lenders holding a majority of the outstanding Loans and unused Commitments in respect of the affected Class and (y) in the
case of paragraph(4)(ii), the Required Lenders;



    	 	-166-	 



     


    




(5)       change
the currency in which any Loan is denominated without the written consent of each Lender holding such Loans; or


(6)       amend
Section 1.08 or the definition of “Alternative Currencies” without the written consent of each Lender that
is obligated to make Credit Extensions to any Borrower in Alternative Currencies;


(C)       solely
with the consent of the Required Lenders (determined by disregarding the Loans
or any Commitments of any Lender other
than a RevolvingRevolving Lenders (but without the
consent of the Required Lenders or any other Lender), (1) any such agreement may (x) waive, amend or modify
Section 6.15 (or the definition of “Total Net Leverage Ratio”
or any component definition thereof, in each case, as any such definition is used solely for purposes of Section 6.15)
(other than, in the case of Section 6.15(a), for purposes of determining compliance with such Section as a condition
to taking any action under this Agreement) (other than as permitted under clause (y)) and/or (y) waive, amend
or modify any condition precedent set forth in Section 4.02 as it pertains to any Revolving Loan and/or Additional
Revolving Loan and/or (2) waive, amend or modify any other provision of this Agreement that by its terms affects the rights
and duties of the Revolving Lenders (but not the Term Lenders)
including the Ancillary Facilities and related definitions; and


(D)       solely
with the consent of the relevant Issuing Bank, the Administrative Agent and the Required Revolving
Lenders (but without the consent of the Required Lenders or any other Lender), any such agreement may waive, amend or modify the
definition “Dollar Letter of Credit Sublimit” or “Multicurrency Letter of Credit Sublimit”,


provided, further, that no agreement shall
amend, modify or otherwise affect the rights or duties of the Administrative Agent or any Issuing Bank hereunder without the prior
written consent of the Administrative Agent or such Issuing Bank, as the case may be. The Administrative Agent may also amend the
Commitment Schedule to reflect assignments entered into pursuant to Section 9.05, Commitment reductions or terminations
pursuant to Section 2.09, incurrences of Additional Commitments or Additional Loans pursuant to Section 2.22,
2.23 or 9.02(c) and reductions or terminations of any such Additional Commitments or Additional Loans. Notwithstanding
anything to the contrary herein, no Defaulting Lender shall have any right to approve or disapprove any amendment, waiver or consent
hereunder, except that the Commitment and any Additional Commitment of any Defaulting Lender may not be increased without the consent
of such Defaulting Lender (it being understood that any Commitment, Additional Commitment or Loan held or deemed held by any Defaulting
Lender shall be excluded from any vote hereunder that requires the consent of any Lender, except as expressly provided in Section 2.21(b)).
Notwithstanding the foregoing, this Agreement may be amended (or amended and restated) with the written consent of the Required
Lenders, the Administrative Agent and the Lead Borrower or the Borrowers (if applicable) (i) to add one or more additional
credit facilities to this Agreement and to permit any extension of credit from time to time outstanding thereunder and the accrued
interest and fees in respect thereof to share ratably in the relevant benefits of this Agreement and the other Loan Documents and
(ii) to include appropriately the Lenders holding such credit facilities in any determination of the Required Lenders on substantially
the same basis as the Lenders prior to such inclusion.


(c)       Notwithstanding
the foregoing, this Agreement may be amended:


(i)       [reserved],
and


(i)       with
the written consent of the Lead Borrower and the Lenders providing the relevant Replacement Term Loans to permit the refinancing
or replacement of all or any portion of the outstanding Initial Term Loans or any then-existing Additional Term Loans under the
applicable Class (any such loans being refinanced or replaced, the “Replaced



    	 	-167-	 



     


    

 


 Term Loans”) with one or more replacement
term loans hereunder (“Replacement Term Loans”) pursuant to a Refinancing Amendment; provided that:


(A)       the
aggregate principal amount of any Replacement Term Loans shall not exceed the aggregate principal amount of the Replaced Term Loans
(plus (1) any additional amounts permitted to be incurred under Section 6.01(a), (q), (u), (w) and/or (z) and,
to the extent any such additional amounts are secured, the related Liens are permitted under Section 6.02(k) (with respect
to Liens securing Indebtedness permitted by Section 6.01(a), (q), (u), (w) or (z)) and plus (2) the
amount of accrued interest and premium (including tender premium) thereon and underwriting discounts, fees (including upfront fees
and original issue discount), commissions and expenses associated therewith),


(B)       any
Replacement Term Loans must have a final maturity date that is equal to or later than the final maturity date of, and have a Weighted
Average Life to Maturity equal to or greater than the Weighted Average Life to Maturity of, the Replaced Term Loans at the time
of the relevant refinancing,


(C)       any
Replacement Term Loans may be pari passu or junior in right of payment and pari passu or junior with respect to the
Collateral with the remaining portion, if any, of the Replaced Term Loans (provided that if pari passu or junior
as to payment or Collateral, such Replacement Term Loans shall be subject to a Permitted Pari Passu Intercreditor Agreement or
Permitted Junior Intercreditor Agreement, as applicable, and may be, at the option of the Administrative Agent and the Lead Borrower,
documented in a separate agreement or agreements), or be unsecured; provided that such Replacement Term Loans shall
be incurred by the same Borrower that incurred the Replaced Term Loans being refinanced or replaced and, solely to the extent that
the Replaced Term Loan being refinanced was incurred by a Non­U.S. Borrower, such Replaced Term Loan may be incurred by any
Borrower,


(D)       if
any Replacement Term Loans are secured, such Replacement Term Loans may not be secured by any assets other than the Collateral,


(E)       if
any Replacement Term Loans are guaranteed, such Replacement Term Loans may not be guaranteed by any Person other than one or more
Loan Parties,


(F)       any
Replacement Term Loans that are pari passu in right of payment and pari passu in right of security (I) may participate
on a pro rata basis or a less than pro rata basis (but not greater than a pro rata basis) (or, if junior
in right of payment or security, shall be on a junior basis with respect thereto) in any mandatory repayment or prepayment in respect
of the Initial Term Loans (and any Additional Term Loans then subject to ratable repayment requirements) and (II) may participate
on a pro rata basis, less than pro rata basis or greater than a pro rata basis in any voluntary repayment
or prepayment in respect of any Term Loans, in each case as agreed by the Lead Borrower and the Lenders providing the relevant
Replacement Term Loans,


(G)       any
Replacement Term Loans shall have pricing (including interest, fees and premiums, and as to which the proviso in Section 2.22(a)(v)
shall not apply) and, subject to preceding clause (F), optional prepayment and redemption terms as the Lead Borrower and the
lenders providing such Replacement Term Loans may agree,



    	 	-168-	 



     


    




(H)       no
Default under Section 7.01(a), 7.01(f) or 7.01(g) or Event of Default shall exist immediately prior to or after giving
effect to the effectiveness of the relevant Replacement Term Loans, and


(I)       either
(i) the other terms and conditions of any Replacement Term Loans (excluding pricing, interest, fees, rate floors, premiums,
optional prepayment or redemption terms, security and maturity, subject to preceding clauses (B) through (G)) shall be
substantially identical to, or (taken as a whole) no more favorable (as reasonably determined by the Lead Borrower) to the lenders
providing such Replacement Term Loans than those applicable to the Replaced Term Loans (other than covenants or other provisions
applicable only to periods after the Latest Maturity Date (in each case, as of the date of incurrence of such Replacement Term
Loans)) or (ii) such Replacement Term Loans shall be provided on then­current market terms for the applicable type of Indebtedness,
and


(ii)       with
the written consent of the Lead Borrower and the Lenders providing the relevant Replacement Revolving Facility to permit the refinancing
or replacement of all or any portion of the Revolving Credit Commitment or any Additional Revolving Commitment under the applicable
Class (any such Revolving Credit Commitment or Additional Revolving Commitment being refinanced or replaced, a “Replaced
Revolving Facility”) with a replacement revolving facility hereunder (a “Replacement Revolving Facility”)
pursuant to a Refinancing Amendment; provided that:


(A)       the
aggregate principal amount of any Replacement Revolving Facility shall not exceed the aggregate principal amount of the Replaced
Revolving Facility (plus (x) any additional amounts permitted to be incurred under Section 6.01(a), (q),
(u), (w) and/or (z) and, to the extent any such additional amounts are secured, the related Liens
are permitted under Section 6.02(k) (with respect to Liens securing Indebtedness permitted by Section 6.01(a),
(q), (u), (w) or (z)) and/or (ii) and plus (y) the amount of accrued
interest and premium thereon, any committed but undrawn amounts and underwriting discounts, fees (including upfront fees and original
issue discount), commissions and expenses associated therewith),


(B)       no
Replacement Revolving Facility may have a final maturity date (or require commitment reductions) prior to the final maturity date
of the relevant Replaced Revolving Facility at the time of such refinancing,


(C)       any
Replacement Revolving Facility may be pari passu or junior in right of payment and pari passu or junior with respect
to the Collateral with the remaining portion of the Revolving Credit Commitments or Additional Revolving Commitments (shall be
subject to a Permitted Pari Passu Intercreditor Agreement or Permitted Junior Intercreditor Agreement, as applicable, and may be,
at the option of the Administrative Agent and the Lead Borrower, documented in a separate agreement or agreements), or be unsecured,


(D)       if
any Replacement Revolving Facility is secured, it may not be secured by any assets other than the Collateral,


(E)       if
any Replacement Revolving Facility is guaranteed, it may not be guaranteed by any Person other than one or more Loan Parties,


(F)       any
Replacement Revolving Facility that is pari passu in right of payment and pari passu in right of security may participate
on a pro rata basis or a less than pro rata basis (but not greater than a pro rata basis) (or, if junior in
right of payment or security, shall be on a junior basis with respect thereto) in any voluntary or mandatory repayment or prepayment
in respect of the Replaced Revolving Facility (and any



    	 	-169-	 



     


    

 


Additional Revolving Loans then subject to ratable repayment requirements),
in each case as agreed by the Lead Borrower and the Lenders providing the relevant Replacement Revolving Facility,


(G)       any
Replacement Revolving Facility shall be subject to the “ratability” provisions applicable to Extended Revolving Credit
Commitments and Extended Revolving Loans set forth in the proviso to clause (ii) of Section 2.23(a), mutatis
mutandis, to the same extent as if fully set forth in this Section 9.02(c)(ii),


(H)       any
Replacement Revolving Facility shall have pricing (including interest, fees and premiums, and as to which the proviso in Section 2.22(a)(v))
shall not apply) and, subject to preceding clause (F), optional prepayment and redemption terms as the Lead Borrower
and the lenders providing such Replacement Revolving Facility may agree,


(I)       no
Default under Section 7.01(a), 7.01(f) or 7.01(g) or Event of Default shall exist immediately prior
to or after giving effect to the effectiveness of the relevant Replacement Revolving Facility,


(J)       either
(i) the other terms and conditions of any Replacement Revolving Facility (excluding pricing, interest, fees, rate floors,
premiums, optional prepayment or redemption terms, security and maturity, subject to preceding clauses (B) through
(G)) shall be substantially identical to, or (taken as a whole) no more favorable (as reasonably determined by the
Lead Borrower) to the lenders providing such Replacement Revolving Facility than those applicable to the Replaced Revolving Facility
(other than covenants or other provisions applicable only to periods after the Latest Maturity Date (in each case, as of the date
of incurrence of the relevant Replacement Revolving Facility)) or (ii) such Replacement Revolving Facility shall be provided
on then­current market terms for the applicable type of Indebtedness, and


(K)       the
commitments in respect of the Replaced Revolving Facility shall be terminated, and all loans outstanding thereunder and all fees
in connection therewith shall be paid in full, in each case on the date such Replacement Revolving Facility is implemented.


Each party hereto hereby agrees that, upon
the effectiveness of any Refinancing Amendment, this Agreement shall be amended by the Lead Borrower or the Borrowers (if applicable),
the Administrative Agent and the lenders providing the relevant Replacement Term
Loans or the Replacement Revolving Facility, as applicable, to the extent (but only to the extent) necessary to
reflect the existence and terms of such Replacement Term Loans or
Replacement Revolving Facility, as applicable, incurred or implemented pursuant thereto (including any amendment
necessary to treat the loans and commitments subject thereto as a separate “tranche” and “Class” of Loans
and/or commitments hereunder). It is understood that any Lender approached to provide all or a portion of any Replacement Term
Loans or any Replacement
Revolving Facility may elect or decline, in its sole discretion, to provide such Replacement Term
Loans or Replacement Revolving Facility.


Any Refinancing Amendment may provide for
the issuance of Ancillary Facilities for the account of a Revolving Facility Borrower in respect of a tranche of Revolving Credit
Commitments on terms substantially equivalent to the terms of the applicable Ancillary Facilities under the Revolving Credit Commitments.


(d)       Notwithstanding
anything to the contrary contained in this Section 9.02 or any other provision of this Agreement or any provision of
any other Loan Document, (i) the Lead Borrower and the Administrative Agent may, without the input or consent of any Lender,
amend, supplement and/or waive any guaranty, collateral security agreement, pledge agreement and/or related document (if any) executed
in connection with this Agreement to (w) to add Additional Borrowers as permitted hereunder, (x) comply with Requirements
of Law or the advice of counsel or (y) cause any such guaranty, collateral security agreement, pledge agreement or other document
to be consistent with this Agreement and/or the relevant other Loan Documents, (ii) the Lead



    	 	-170-	 



     


    

 


Borrower and the Administrative
Agent may, without the input or consent of any other Lender (other than the relevant Lenders (including Additional Lenders) providing
Loans under such Sections), effect amendments to this Agreement and the other Loan Documents as may be necessary in the reasonable
opinion of the Lead Borrower and the Administrative Agent to effect the provisions of Section 2.22, 2.23, 5.12,
6.13 or 9.02(c), or any other provision specifying that any waiver, amendment or modification may be made with
the consent or approval of the Administrative Agent, (iii) if the Administrative Agent and the Lead Borrower have jointly
identified any ambiguity, mistake, defect, inconsistency, obvious error or any error or omission of a technical nature or any necessary
or desirable technical change, in each case, in any provision of any Loan Document, then the Administrative Agent and the Lead
Borrower shall be permitted to amend such provision solely to address such matter as reasonably determined by them acting jointly
if such amendment is not objected to in writing by the Required Lenders or
Required Revolving Lenders (as applicable) to the Administrative Agent within five (5) Business Days following
receipt of notice thereof and (iv) the Lead Borrower and the Administrative Agent may, without the input or consent of any
Lender, supplement and/or waive any provision of Section 2.26 in a manner that is not adverse in any material respect
to any Revolving Lender or any Ancillary Lender.


(e)       In
addition, notwithstanding the foregoing, this Agreement may be amended with the written consent of each Revolving Lender, the Administrative
Agent and the Borrowers to the extent necessary to integrate any Alternative Currency (other than any Alternative Currency permitted
as of the Closing Date) in accordance with Section 1.08.


Section 9.03     Expenses; Indemnity.


(a)       The
Lead Borrower shall pay (i) all reasonable and documented out­of­pocket expenses incurred by each Arranger, each Issuing Bank,
the Administrative Agent and their respective Affiliates (but limited, in the case of legal fees and expenses, to the reasonable
and documented out­of­pocket fees, disbursements and other charges of one firm of outside counsel to all such Persons taken as a
whole and, if necessary, of one local counsel in each relevant jurisdiction to all such Persons, taken as a whole) in connection
with the syndication and distribution (including via the Internet or through a service such as Intralinks or SyndTrak) of the Credit
Facilities, the preparation, execution, delivery and administration of the Loan Documents and any related documentation, including
in connection with any amendment, modification or waiver of any provision of any Loan Document (whether or not the transactions
contemplated thereby are consummated, but only to the extent the preparation of any such amendment, modification or waiver was
requested by the Lead Borrower and except as otherwise provided in a separate writing between the Lead Borrower, the relevant Arranger,
the relevant Issuing Bank and/or the Administrative Agent) and (ii) all reasonable and documented out­of­pocket expenses incurred
by the Administrative Agent, the Arrangers, the Issuing Banks or the Lenders or any of their respective Affiliates (but limited,
in the case of legal fees and expenses, to the reasonable and documented out­of­pocket fees, disbursements and other charges of one
firm of outside counsel to all such Persons taken as a whole and, if necessary, of one local counsel in each relevant jurisdiction
to all such Persons, taken as a whole and solely in the case of an actual or perceived conflict of interest, (x) one additional
counsel to all Persons, taken as a whole, and (y) one additional local counsel in each appropriate jurisdiction to all Persons,
taken as a whole) in connection with the enforcement, collection or protection of their respective rights in connection with the
Loan Documents, including their respective rights under this Section 9.03, or in connection with the Loans made and/or
Letters of Credit issued hereunder.


(b)       The
Lead Borrower shall indemnify each Arranger, the Administrative Agent, each Issuing Bank and each Lender, and each Related Party
of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee
harmless from, any and all losses, claims, damages and liabilities (but limited, in the case of legal fees and expenses, to the
reasonable and documented out­of­pocket fees, disbursements and other charges of one counsel to all Indemnitees taken as a whole
and, if necessary, one local counsel in each appropriate jurisdiction to all Indemnitees, taken as a whole and solely in the case
of an actual or perceived conflict of interest, (x) one additional counsel to all affected Indemnitees, taken as a whole,
and (y) one additional local counsel in each appropriate jurisdiction to all affected Indemnitees, taken as a whole), incurred
by or asserted against any Indemnitee arising out of, in connection with, or as a result of (i) the Transactions or the execution
or delivery of the Loan Documents or any agreement or instrument contemplated thereby and/or the enforcement of the Loan Documents,
the performance by the parties hereto of their respective obligations thereunder or the consummation of the Transactions or any
other transactions contemplated hereby or thereby, (ii) the use of the proceeds of the Loans or any Letter of Credit, (iii) any
actual or alleged Release or presence of Hazardous Materials 



    	 	-171-	 



     


    

 


on, at, under or from any property currently or formerly owned or
operated by the Lead Borrower, any of its Restricted Subsidiaries or any other Loan Party or any Environmental Liability related
to the Lead Borrower, any of its Restricted Subsidiaries or any other Loan Party and/or (iv) any actual or prospective claim,
litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory and
regardless of whether any Indemnitee is a party thereto (and regardless of whether such matter is initiated by a third party or
by the Lead Borrower, any other Loan Party or any of their respective Affiliates); provided that such indemnity shall
not, as to any Indemnitee, be available to the extent that any such loss, claim, damage, or liability (i) is determined by
a final and non­appealable judgment of a court of competent jurisdiction (or documented in any settlement agreement referred to
below) to have resulted from the gross negligence, bad faith or willful misconduct of such Indemnitee or, to the extent such judgment
finds (or such settlement agreement acknowledges) that any such loss, claim, damage, or liability has resulted from such Person’s
(or such Person’s affiliates, successors, assigns or Related Parties) material breach of the Loan Documents or (ii) arises
out of any claim, litigation, investigation or proceeding brought by such Indemnitee against another Indemnitee (other than any
claim, litigation, investigation or proceeding that is brought by or against the Administrative Agent or any Arranger or Issuing
Bank, acting in its capacity as such) that does not involve any act or omission of the Holdings, the Borrowers or any of their
subsidiaries. Each Indemnitee shall be obligated to refund or return any and all amounts paid by the Lead Borrower pursuant to
this Section 9.03(b) to such Indemnitee for any fees, expenses, or damages to the extent such Indemnitee is not entitled
to payment thereof in accordance with the terms hereof. This Section 9.03(b) shall not apply to Taxes other than any
Taxes that represent losses, claims, damages or liabilities in respect of a non-Tax claim. Notwithstanding anything to the contrary
contained herein or in any other Loan Document, in no event shall any Loan Party that is not Holdings, the Lead Borrower or any
Domestic Subsidiary have any payment, reimbursement or guarantee obligations for the Lead Borrower or any Domestic Subsidiary for
the payment requirements under this Section 9.03.


(c)       The
Lead Borrower shall not be liable for any settlement of any proceeding effected without its consent (which consent shall not be
unreasonably withheld, delayed or conditioned), but if any proceeding is settled with the Lead Borrower’s written consent,
or if the Lead Borrower is offered the ability to assume the defense of the action that was the subject matter of such settlement
and elected not to assume such defense, or if there is a final judgment against any Indemnitee in any such proceeding, the Lead
Borrower agrees to indemnify and hold harmless each Indemnitee to the extent and in the manner set forth above. The Lead Borrower
shall not, without the prior written consent of the affected Indemnitee (which consent shall not be unreasonably withheld, conditioned
or delayed), effect any settlement of any pending or threatened proceeding in respect of which indemnity could have been sought
hereunder by such Indemnitee unless (i) such settlement includes an unconditional release of such Indemnitee from all liability
or claims that are the subject matter of such proceeding and (ii) such settlement does not include any statement as to any
admission of fault or culpability.


Section 9.04     Waiver of Claim.
To the extent permitted by applicable law, no party to this Agreement shall assert, and each hereby waives, any claim against any
other party hereto or any Related Party thereof, on any theory of liability, for special, indirect, consequential or punitive damages
(as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement or any agreement
or instrument contemplated hereby, the Transactions, any Loan or any Letter of Credit or the use of the proceeds thereof, except,
in the case of any claim by any Indemnitee against the Lead Borrower, to the extent such damages would otherwise be subject to
indemnification pursuant to the terms of Section 9.03.


Section 9.05     Successors and Assigns.


(a)       The
provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors
and permitted assigns; provided that (i) except as provided under Section 6.07, the Borrowers may
not assign or otherwise transfer any of their rights or obligations hereunder without the prior written consent of each Lender
(and any attempted assignment or transfer by any Borrower without such consent shall be null and void) and (ii) no Lender
may assign or otherwise transfer its rights or obligations hereunder except in accordance with the terms of this Section 9.05
(any attempted assignment or transfer not complying with the terms of this Section 9.05 shall be null and void). Nothing
in this Agreement, expressed or implied, shall be construed to confer upon any Person (other than the parties hereto, their respective
successors and permitted assigns, Participants (to the extent provided in paragraph (c) of this Section 9.05)
and, to the extent expressly contemplated



    	 	-172-	 



     


    

 


hereby, the Related Parties of each of the Arrangers, the Administrative Agent, the Issuing
Banks and the Lenders) any legal or equitable right, remedy or claim under or by reason of this Agreement.


(b)       (i)
Subject to the conditions set forth in paragraph (b)(ii) below, any Lender may assign to one or more Eligible Assignees
all or a portion of its rights and obligations under this Agreement (including all or a portion of any Loan or Additional Commitment
added pursuant to Section 2.22, 2.23 or 9.02(c) at the time owing to it) with the prior written
consent (not to be unreasonably withheld or delayed) of:


(A)       the
Lead Borrower; provided that the Lead Borrower shall be deemed to have consented to any such assignment unless it has
objected thereto by written notice to the Administrative Agent within 10 Business Days after receiving written notice thereof
(such notice to be provided irrespective of whether an Event of Default under Section 7.01(a) or 7.01(f)
or (g) has occurred and is continuing); provided, further, that no consent of the Lead Borrower
shall be required (x) for any assignment of (1) Revolving
Loans, Additional Revolving Loans, Revolving Credit Commitments or Additional Revolving Commitments to another Revolving Lender,
an Affiliate of any Revolving Lender or an Approved Fund of any Revolving Lender or
(2) Initial Term Loans, Additional Term Loans, Initial Term Loan Commitments or Additional Term Commitments to another Lender,
an Affiliate of any Lender or
an Approved Fund, or (y) if an Event of Default under Section 7.01(a) or Section 7.01(f)
or (g) (solely with respect to the Lead Borrower) exists; provided,
further, that no consent of the Lead Borrower shall be required with respect to the assignments (but not other future assignments)
made by RBC in connection with the initial syndication of the Initial Term Loans so long as such assignments are made within ninety
(90) days of the First Amendment Effective Date (or such later date as reasonably agreed by the Lead Borrower) (1) to the
Persons (or their respective Affiliates and Approved Funds) and (2) in the amounts, in each case of clauses (1) and (2),
identified in writing to the Lead Borrower prior to the First Amendment Effective Date;


(B)       the
Administrative Agent; provided that no consent of the Administrative Agent shall be required for any assignment to
another Lender, any Affiliate of a Lender or any Approved Fund; and


(C)       in
the case of the Revolving Facility or any Additional Revolving Facility, each Issuing Bank.


(ii)       Assignments
shall be subject to the following additional conditions:


(A)       except
in the case of any assignment to another Lender, any Affiliate of any Lender or any Approved Fund or any assignment of the entire
remaining amount of the relevant assigning Lender’s Loans or commitments of any Class, the principal amount of Loans or commitments
of the assigning Lender subject to the relevant assignment (determined as of the date on which the Assignment and Assumption with
respect to such assignment is delivered to the Administrative Agent and determined on an aggregate basis in the event of concurrent
assignments to Related Funds or by Related Funds) shall not be less than (x)
$1,000,000, in the case of Initial Term Loans, Additional Term Loans, Initial Term Loan Commitments and Additional Term Commitments
and (y) $5,000,000 in the case of Revolving Loans, Additional Revolving Loans, Revolving Credit Commitments
or Additional Revolving Commitments unless the Lead Borrower and the Administrative Agent otherwise consent;


(B)       any
partial assignment shall be made as an assignment of a proportionate part of all the relevant assigning Lender’s rights and
obligations under this Agreement;



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(C)       the
parties to each assignment shall execute and deliver to the Administrative Agent an Assignment and Assumption via an electronic
settlement system acceptable to the Administrative Agent (or, if previously agreed with the Administrative Agent, manually), and
shall pay to the Administrative Agent a processing and recordation fee of $3,500 (which fee may be waived or reduced in the sole
discretion of the Administrative Agent); and


(D)       the
relevant Eligible Assignee, if it is not a Lender, shall deliver on or prior to the effective date of such assignment, to the Administrative
Agent (1) an Administrative Questionnaire and (2) any IRS form required under Section 2.17.


(iii)       Subject
to the acceptance and recording thereof pursuant to paragraph (b)(iv) of this Section 9.05, from and after
the effective date specified in any Assignment and Assumption, the Eligible Assignee thereunder shall be a party hereto and, to
the extent of the interest assigned pursuant to such Assignment and Assumption, have the rights and obligations of a Lender under
this Agreement (including with respect to any Ancillary Facility), and the assigning Lender thereunder shall, to the extent of
the interest assigned by such Assignment and Assumption, be released from its obligations under this Agreement (and, in the case
of an Assignment and Assumption covering all of the assigning Lender’s rights and obligations under this Agreement, such
Lender shall cease to be a party hereto but shall continue to be (A) entitled to the benefits of Sections 2.15,
2.16, 2.17 and 9.03 with respect to facts and circumstances occurring on or prior to the effective date
of such assignment and (B) subject to its obligations thereunder and under Section 9.13). If any assignment by
any Lender holding any Promissory Note is made after the issuance of such Promissory Note, the assigning Lender shall, upon the
effectiveness of such assignment or as promptly thereafter as practicable, surrender such Promissory Note to the Administrative
Agent for cancellation, and, following such cancellation, if requested by either the assignee or the assigning Lender, the Lead
Borrower shall issue and deliver a new Promissory Note to such assignee and/or to such assigning Lender, with appropriate insertions,
to reflect the new commitments and/or outstanding Loans of the assignee and/or the assigning Lender.


(iv)       The
Administrative Agent, acting for this purpose as a non­fiduciary agent of the Lead Borrower, shall maintain at one of its offices
a copy of each Assignment and Assumption delivered to it and a register for the recordation of the names and addresses of the Lenders
and their respective successors and assigns, and the commitment of, and principal amount of and interest on the Loans and LC Disbursements
owing to, each Lender or Issuing Bank pursuant to the terms hereof from time to time (the “Register”). Failure
to make any such recordation, or any error in such recordation, shall not affect the Lead Borrower’s obligations in respect
of such Loans and LC Disbursements. The entries in the Register shall be conclusive, absent manifest error, and the Lead Borrower,
the Administrative Agent, the Issuing Banks and the Lenders may treat each Person whose name is recorded in the Register pursuant
to the terms hereof as a Lender hereunder for all purposes of this Agreement, notwithstanding notice to the contrary. The Register
shall be available for inspection by the Lead Borrower, each Issuing Bank and each Lender (but only as to its own holdings), at
any reasonable time and from time to time upon reasonable prior notice.


(v)       Upon
its receipt of a duly completed Assignment and Assumption executed by an assigning Lender and an Eligible Assignee, the Eligible
Assignee’s completed Administrative Questionnaire and any tax certification required by Section 9.05(b)(ii)(D)(2)
(unless the assignee is already a Lender hereunder), the processing and recordation fee referred to in paragraph (b)
of this Section 9.05, if applicable, and any written consent to the relevant assignment required by paragraph (b)
of this Section 9.05, the Administrative Agent shall promptly accept such Assignment and Assumption and record the
information contained therein in the Register. No assignment shall be effective for purposes of this Agreement unless it has been
recorded in the Register as provided in this paragraph.


(vi)       By
executing and delivering an Assignment and Assumption, the assigning Lender and the Eligible Assignee thereunder shall be deemed
to confirm and agree with each other



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and the other parties hereto as follows: (A) such assigning Lender warrants that it is
the legal and beneficial owner of the interest being assigned thereby free and clear of any adverse claim and that the amount of
its commitments, and the outstanding balances of its Loans, in each case without giving effect to any assignment thereof which
has not become effective, are as set forth in such Assignment and Assumption, (B) except as set forth in clause (A)
above, such assigning Lender makes no representation or warranty and assumes no responsibility with respect to any statement, warranty
or representation made in or in connection with this Agreement, or the execution, legality, validity, enforceability, genuineness,
sufficiency or value of this Agreement, any other Loan Document or any other instrument or document furnished pursuant hereto,
or the financial condition of the Lead Borrower or any Restricted Subsidiary or the performance or observance by the Lead Borrower
or any Restricted Subsidiary of any of its obligations under this Agreement, any other Loan Document or any other instrument or
document furnished pursuant hereto; (C) such assignee represents and warrants that it is an Eligible Assignee, legally
authorized to enter into such Assignment and Assumption; (D) such assignee confirms that it has received a copy of this
Agreement together with copies of the most recent financial statements delivered pursuant to Section 5.01 and such
other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into such Assignment
and Assumption; (E) such assignee will independently and without reliance upon the Administrative Agent, the assigning
Lender or any other Lender and based on such documents and information as it deems appropriate at the time, continue to make its
own credit decisions in taking or not taking action under this Agreement; (F) such assignee 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; and (G) such
assignee agrees that it will perform in accordance with their terms all the obligations which by the terms of this Agreement are
required to be performed by it as a Lender.


(c)     (i)     Any Lender may, without the
consent of the Lead Borrower, the Administrative Agent, any Issuing Bank or any other Lender, sell participations to any bank or
other entity (other than to any Disqualified Institution, any natural Person or, the Lead Borrower or any of its Affiliates) (a
“Participant”) in all or a portion of such Lender’s rights and obligations under this Agreement (including
all or a portion of its commitments and the Loans owing to it); provided that (A) such Lender’s obligations
under this Agreement shall remain unchanged, (B) such Lender shall remain solely responsible to the other parties hereto for
the performance of such obligations and (C) the Lead Borrower, the Administrative Agent, the Issuing Banks and the other Lenders
shall continue to deal solely and directly with such Lender in connection with such Lender’s rights and obligations under
this Agreement. Any agreement or instrument pursuant to which any Lender sells such a participation shall provide that such Lender
shall retain the sole right to enforce this Agreement and to approve any amendment, modification or waiver of any provision of
this Agreement; provided that such agreement or instrument may provide that such Lender will not, without the consent
of the relevant Participant, agree to any amendment, modification or waiver described in (x) clause (A) of the
first proviso to Section 9.02(b) that directly and adversely affects the Loans or commitments in which such Participant
has an interest and (y) clause (B)(1), (2) or (3) of the first proviso to Section 9.02(b).
Subject to paragraph (c)(ii) of this Section 9.05, the Lead Borrower agrees that each Participant shall
be entitled to the benefits of Sections 2.15, 2.16 and 2.17 to the same extent as if it were a Lender
and had acquired its interest by assignment pursuant to paragraph (b) of this Section 9.05 (it being understood
that the documentation required under Section 2.17(f) shall be delivered to the participating Lender, and if additional
amounts are required to be paid pursuant to Section 2.17(a) or Section 2.17(c), to the Lead Borrower upon
reasonable written request by the Lead Borrower). To the extent permitted by law, each Participant also shall be entitled to the
benefits of Section 9.09 as though it were a Lender; provided that such Participant agrees to be subject
to Section 2.18(c) as though it were a Lender.


(ii)       No
Participant shall be entitled to receive any greater payment under Section 2.15, 2.16 or 2.17 than
the participating Lender would have been entitled to receive with respect to the participation sold to such Participant, unless
the sale of the participation to such Participant is made with the Lead Borrower’s prior written consent expressly acknowledging
that such Participant’s entitlement to benefits under Sections 2.15, 2.16 and 2.17 is not
limited to what the participating Lender would have been entitled to receive absent the participation.



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Each Lender that sells a participation
shall, acting solely for this purpose as a non­fiduciary agent of the Lead Borrower, maintain a register on which it enters the
name and address of each Participant and their respective successors and assigns, and the principal amounts and stated interest
of each Participant’s interest in the Loans or other obligations under the Loan Documents (the “Participant Register”);
provided that no Lender shall have any obligation to disclose all or any portion of the Participant Register (including
the identity of any Participant or any information relating to any Participant’s interest in any Commitment, Loan, Letter
of Credit or any other obligation under any Loan Document) to any Person except to the extent that such disclosure is necessary
to establish that such Commitment, Loan, Letter of Credit or other obligation is in registered form under Section 5f.103-1(c)
of the Treasury Regulations. The entries in the Participant Register shall be conclusive absent manifest error, and each 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 capacity
as Administrative Agent) shall have no responsibility for maintaining a Participant Register.


(d)       Any
Lender may at any time pledge or assign a security interest in all or any portion of its rights under this Agreement (other than
to any Disqualified Institution or any natural person) to secure obligations of such Lender, including without limitation any pledge
or assignment to secure obligations to any Federal Reserve Bank or other central bank having jurisdiction over such Lender, and
this Section 9.05 shall not apply to any such pledge or assignment of a security interest; provided that
no such pledge or assignment of a security interest shall release any Lender from any of its obligations hereunder or substitute
any such pledgee or assignee for such Lender as a party hereto.


(e)       Notwithstanding
anything to the contrary contained herein, any Lender (a “Granting Lender”) may grant to a special purpose funding
vehicle (an “SPC”), identified as such in writing from time to time by the Granting Lender to the Administrative
Agent and the Lead Borrower, the option to provide to the Lead Borrower all or any part of any Loan that such Granting Lender would
otherwise be obligated to make to the Lead Borrower pursuant to this Agreement; provided that (i) nothing herein
shall constitute a commitment by any SPC to make any Loan and (ii) if an SPC elects not to exercise such option or otherwise
fails to provide all or any part of such Loan, the Granting Lender shall be obligated to make such Loan pursuant to the terms hereof.
The making of any Loan by an SPC hereunder shall utilize the Commitment or Additional Commitment of the Granting Lender to the
same extent, and as if, such Loan were made by such Granting Lender. Each party hereto hereby agrees that (i) neither the
grant to any SPC nor the exercise by any SPC of such option shall increase the costs or expenses or otherwise increase or change
the obligations of the Lead Borrower or the Borrowers (if applicable) under this Agreement (including its obligations under Section 2.15,
2.16 or 2.17) and no SPC shall be entitled to any greater amount under Section 2.13, 2.14 or 2.15
or any other provision of this Agreement or any other Loan Document that the Granting Lender would have been entitled to receive,
(ii) no SPC shall be liable for any indemnity or similar payment obligation under this Agreement (all liability for which
shall remain with the Granting Lender) and (iii) the Granting Lender shall for all purposes including approval of any amendment,
waiver or other modification of any provision of the Loan Documents, remain the Lender of record hereunder. In furtherance of the
foregoing, each party hereto hereby agrees (which agreement shall survive the termination of this Agreement) that, prior to the
date that is one year and one day after the payment in full of all outstanding commercial paper or other senior indebtedness of
any SPC, it will not institute against, or join any other Person in instituting against, such SPC any bankruptcy, reorganization,
arrangement, insolvency or liquidation proceedings under the laws of the U.S. or any State thereof; provided that
(i) such SPC’s Granting Lender is in compliance in all material respects with its obligations to the Lead Borrower or
the Borrowers (if applicable) hereunder and (ii) each Lender designating any SPC hereby agrees to indemnify, save and hold
harmless each other party hereto for any loss, cost, damage or expense arising out of its inability to institute such a proceeding
against such SPC during such period of forbearance. In addition, notwithstanding anything to the contrary contained in this Section 9.05,
any SPC may (i) with notice to, but without the prior written consent of, the Lead Borrower or the Administrative Agent and
without paying any processing fee therefor, assign all or a portion of its interests in any Loan to the Granting Lender and (ii) disclose
on a confidential basis any non-public information relating to its Loans to any rating agency, commercial paper dealer or provider
of any surety, guaranty or credit or liquidity enhancement to such SPC.


(f)       (i)
No assignment or participation shall be made to any Person that was a Disqualified Institution as of the date (the “Trade
Date”) on which the assigning Lender entered into a binding agreement to sell and assign all or a portion of its rights
and obligations under this Agreement to such Person (unless the Lead



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Borrower has consented to such assignment in writing in its
sole and absolute discretion, in which case such Person will not be considered a Disqualified Institution for the purpose of such
assignment or participation). For the avoidance of doubt, with respect to any assignee that becomes a Disqualified Institution
after the applicable Trade Date (including as a result of the delivery of a notice pursuant to, and/or the expiration of the notice
period referred to in, the definition of “Disqualified Institution”), (x) such assignee shall not retroactively
be disqualified from becoming a Lender and (y) the execution by the Borrower of an Assignment and Assumption with respect
to such assignee will not by itself result in such assignee no longer being considered a Disqualified Institution. Any assignment
in violation of this clause (h)(i) shall not be void, but the other provisions of this clause (h) shall apply.


(ii)       If
any assignment or participation is made to any Disqualified Institution without the Borrower’s prior written consent in violation
of clause (i) above, or if any Person becomes a Disqualified Institution after the applicable Trade Date, the Lead Borrower
may, at its sole expense and effort, upon notice to the applicable Disqualified Institution or and the Administrative Agent, (A) terminate
any Revolving Credit Commitment of such Disqualified Institution and repay all obligations of the Borrower owing to such Disqualified
Institution in connection with such Revolving Credit Commitment,
(B) in the case of outstanding Term Loans held by Disqualified Institutions, purchase or prepay such Term Loan by paying the
lowest of (x) the principal amount thereof, (y) the amount that such Disqualified Institution paid to acquire such Term
Loans, and (z) the market price of such Term Loans, in each case plus accrued interest, accrued fees and all other amounts
(other than principal amounts) payable to it hereunder and/or (BC) require
such Disqualified Institution to assign, without recourse (in accordance with and subject to the restrictions contained in this
Section 9.05), all of its interest, rights and obligations under this Agreement to one or more Eligible Assignees at
the lowest of (x) the principal amount thereof and,
(y) the amount that such Disqualified Institution paid to acquire such interests, rights and obligations and
(z) the market price of such Term Loans, in each case plus accrued interest, accrued fees and all other amounts (other than
principal amounts) payable to it hereunder.


(iii)       Notwithstanding
anything to the contrary contained in this Agreement, Disqualified Institutions (A) will not (x) have the right to receive
information, reports or other materials provided to Lenders by the Lead Borrower, the Administrative Agent or any other Lender,
(y) attend or participate in meetings attended by the Lenders and the Administrative Agent, or (z) access any electronic
site established for the Lenders or confidential communications from counsel to or financial advisors of the Administrative Agent
or the Lenders and (B) (x) for purposes of any consent to any amendment, waiver or modification of, or any action under, and
for the purpose of any direction to the Administrative Agent or any Lender to undertake any action (or refrain from taking any
action) under this Agreement or any other Loan Document, each Disqualified Institution will be deemed to have consented in the
same proportion as the Lenders that are not Disqualified Institutions consented to such matter, and (y) for purposes of voting
on any plan, each Disqualified Institution party hereto hereby agrees (1) not to vote on such plan, (2) if such Disqualified
Institution does vote on such plan notwithstanding the restriction in the foregoing clause (1), such vote will be deemed not
to be in good faith and shall be “designated” pursuant to Section 1126(e) of the Bankruptcy Code (or any similar
provision in any other Debtor Relief Laws), and such vote shall not be counted in determining whether the applicable class has
accepted or rejected such plan in accordance with Section 1126(c) of the Bankruptcy Code (or any similar provision in any
other Debtor Relief Laws) and (3) not to contest any request by any party for a determination by the Bankruptcy Court (or
other applicable court of competent jurisdiction) effectuating the foregoing clause (2).


(iv)       The
Administrative Agent shall have the right, and the Lead Borrower hereby expressly authorizes the Administrative Agent, to (A) post
the list of Disqualified Institutions provided by the Lead Borrower and any updates thereto from time to time (collectively, the
“DQ List”) on Intralinks, SyndTrak or another relevant website, if any, including that portion of Intralinks,
SyndTrak or another relevant website, if any, that is designated for “public side” Lenders and/or (B) provide
the DQ List to each Lender requesting the same.



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(v)       The
Administrative Agent shall not be responsible or have any liability for, or have any duty to ascertain, inquire into, monitor or
enforce, compliance with the provisions hereof relating to Disqualified Institutions. Without limiting the generality of the foregoing,
the Administrative Agent shall not (x) be obligated to ascertain, monitor or inquire as to whether any Lender or Participant
or prospective Lender or Participant is a Disqualified Institution or (y) have any liability with respect to or arising out
of any assignment or participation of Loans, or disclosure of confidential information, to any Disqualified Institution.


(g)       Notwithstanding
anything to the contrary contained herein, any Lender may, at any time, assign all or a portion of its rights and obligations under
this Agreement in respect of its Term Loans to an Affiliated Lender on a non-pro rata basis (A) through Dutch Auctions
open to all Lenders holding the relevant Initial Term Loans or such Additional Term Loans, as applicable, on a pro rata basis
or (B) through any purchase through an assignment (including in the open market or on a privately negotiated basis), in each
case with respect to clauses (A) and (B), without the consent of the Administrative Agent; provided that:


(i)       any
Term Loans acquired by Super Holdco, Holdings, the Lead Borrower or any of their respective subsidiaries shall be if applicable,
contributed to the Lead Borrower or its subsidiaries, and retired and cancelled immediately upon the acquisition thereof;
provided that upon any such retirement and cancellation, the aggregate outstanding principal amount of the Term Loans, as
applicable, shall be deemed reduced by the full par value of the aggregate principal amount of the Term Loans so retired and cancelled,
and each principal repayment installment with respect to the Term Loans pursuant to Section 2.10(a) shall be reduced in direct
order of maturity by the full par value of the aggregate principal amount of Term Loans so cancelled;


(ii)       [reserved];


(iii)       the
relevant Affiliated Lender and assigning Lender shall have executed an Affiliated Lender Assignment and Assumption;


(iv)       [reserved];


(v)       in
connection with any assignment effected pursuant to a Dutch Auction and/or purchase conducted by Holdings, the Lead Borrower or
any of its Restricted Subsidiaries, (A) the relevant Person may not use the proceeds of any Revolving Loans or Additional
Revolving Loans to fund such assignment and (B) no Event of Default exists at the time of acceptance of bids for the Dutch
Auction or the confirmation of such purchase, as applicable; and


(vi)       by
its acquisition of Term Loans, each relevant Affiliated Lender shall be deemed to have acknowledged and agreed that such Affiliated
Lender, solely in its capacity as an Affiliated Lender, will not be entitled to (i) attend (including by telephone) or participate
in any meeting or discussion (or portion thereof) among the Administrative Agent or any Lender or among Lenders to which the Loan
Parties or their representatives are not invited or (ii) receive any information or material prepared by the Administrative
Agent or any Lender or any communication by or among the Administrative Agent and one or more Lenders, except to the extent such
information or materials have been made available by the Administrative Agent or any Lender to any Loan Party or its representatives;
and


(vii)       the
Affiliated Lender shall either (i) make a customary representation to the seller at the time of the assignment that it does
not possess material non-public information (or, if Holdings or the Lead Borrower is not at the time a public-reporting company,
material information of a type that would not be reasonably expected to be publicly available if the Lead Borrower were a public
reporting company) with respect to Holdings, the Lead Borrower and/or any subsidiary thereof and/or their respective securities
that has



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 not been disclosed to the seller or the Lenders generally (other than Lenders that have elected not to receive such information)
in connection with any assignment permitted by this Section 9.05(g) or (ii) the related assignment agreement shall contain
a customary “big boy” representation (but no requirement to make a representation as to the absence of any material
non-public information).


Section 9.06     Survival. All
covenants, agreements, representations and warranties made by the Loan Parties in the Loan Documents and in the certificates or
other instruments delivered in connection with or pursuant to this Agreement or any other Loan Document shall be considered to
have been relied upon by the other parties hereto and shall survive the execution and delivery of the Loan Documents and the making
of any Loans and issuance of any Letter of Credit regardless of any investigation made by any such other party or on its behalf
and notwithstanding that the Administrative Agent may have had notice or knowledge of any Default or Event of Default or incorrect
representation or warranty at the time any credit is extended hereunder, and shall continue in full force and effect until the
Termination Date. The provisions of Sections 2.15, 2.16, 2.17, 9.03 and 9.13 and Article 8
shall survive and remain in full force and effect regardless of the consummation of the transactions contemplated hereby, the repayment
of the Loans, the expiration or termination of the Letters of Credit and the Revolving Credit Commitment or any Additional Commitment,
the occurrence of the Termination Date or the termination of this Agreement or any provision hereof but in each case, subject to
the limitations set forth in this Agreement.


Section 9.07     Counterparts;
Integration; Effectiveness. This Agreement may be executed in counterparts (and by different parties hereto on different
counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract.
This Agreement, the other Loan Documents and any separate letter agreements with respect to fees payable to the Administrative
Agent constitute the entire agreement among the parties relating to the subject matter hereof and supersede any and all previous
agreements and understandings, oral or written, relating to the subject matter hereof. This Agreement shall become effective when
it has been executed by Holdings, the Lead Borrower and the Administrative Agent and when the Administrative Agent has received
counterparts hereof which, when taken together, bear the signatures of each of the other parties hereto, and thereafter shall be
binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns. Delivery by
fax or other electronic transmission of an executed counterpart of a signature page to this Agreement and each other Loan Document
shall be effective as delivery of an original executed counterpart of this Agreement and such other Loan Document and the words
“execution,” “execute”, “signed,” “signature,” and words of like import in or related
to any document to be signed in connection with this Agreement or any other Loan Document shall be deemed to include electronic
signatures, the electronic matching of assignment terms and contract formations on electronic platforms approved by the Administrative
Agent, 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 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 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. The Administrative
Agent may, in its discretion, require that any such documents and signatures executed electronically or delivered by fax or other
electronic transmission be confirmed by a manually-signed original thereof; provided that the failure to request or deliver the
same shall not limit the effectiveness of any document or signature executed electronically or delivered by fax or other electronic
transmission.


Section 9.08     Severability.
To the extent permitted by law, any provision of any Loan Document held to be invalid, illegal or unenforceable in any jurisdiction
shall, as to such jurisdiction, be ineffective to the extent of such invalidity, illegality or unenforceability without affecting
the validity, legality and enforceability of the remaining provisions thereof; and the invalidity of a particular provision
in a particular jurisdiction shall not invalidate such provision in any other jurisdiction.


Section 9.09     Right of set-off.
At any time when an Event of Default exists, upon the written consent of the Administrative Agent, the Administrative Agent, each
Issuing Bank, each Lender and each of their respective Affiliates is hereby authorized at any time and from time to time, to the
fullest extent permitted by law, to set off and apply any and all deposits (general or special, time or demand, provisional or
final) at any time held and other obligations (in any currency) at any time owing by the Administrative Agent, such Issuing Bank
or such Lender or



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Affiliate (including by branches and agencies of the Administrative Agent, such Issuing Bank or such Lender,
wherever located) to or for the credit or the account of the Lead Borrower or any Loan Party against any of and all the Secured
Obligations held by the Administrative Agent, such Issuing Bank or such Lender or Affiliate, irrespective of whether or not the
Administrative Agent, such Issuing Bank or such Lender or Affiliate shall have made any demand under the Loan Documents and although
such obligations may be contingent or unmatured or are owed to a branch or office of such Lender or Issuing Bank different than
the branch or office holding such deposit or obligation on such Indebtedness. Any applicable Lender, Issuing Bank or Affiliate
shall promptly notify the Lead Borrower and the Administrative Agent of such set-off or application; provided that any
failure to give or any delay in giving such notice shall not affect the validity of any such set-off or application under this Section 9.09.
The rights of each Lender, each Issuing Bank, the Administrative Agent and each Affiliate under this Section 9.09 are
in addition to other rights and remedies (including other rights of set-off) which such Lender, such Issuing Bank, the Administrative
Agent or such Affiliate may have.


Section 9.10     Governing Law;
Jurisdiction; Consent to Service of Process.


(a)       THIS
AGREEMENT AND THE OTHER LOAN DOCUMENTS (OTHER THAN AS EXPRESSLY SET FORTH IN OTHER LOAN DOCUMENTS) AND ANY CLAIM, CONTROVERSY OR
DISPUTE ARISING UNDER OR RELATED TO THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS (OTHER THAN AS EXPRESSLY SET FORTH IN THE OTHER
LOAN DOCUMENTS), WHETHER IN TORT, CONTRACT (AT LAW OR IN EQUITY) OR OTHERWISE, SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED
IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.


(b)       EACH
PARTY HERETO HEREBY IRREVOCABLY AND UNCONDITIONALLY SUBMITS, FOR ITSELF AND ITS PROPERTY, TO THE EXCLUSIVE JURISDICTION OF ANY
U.S. FEDERAL OR NEW YORK STATE COURT SITTING IN THE BOROUGH OF MANHATTAN, IN THE CITY OF NEW YORK (OR ANY APPELLATE COURT
THEREFROM) OVER ANY SUIT, ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO ANY LOAN DOCUMENTS AND AGREES THAT ALL CLAIMS IN RESPECT
OF ANY SUCH ACTION OR PROCEEDING SHALL (EXCEPT AS PERMITTED BELOW) BE HEARD AND DETERMINED IN SUCH NEW YORK STATE OR, TO THE EXTENT
PERMITTED BY LAW, FEDERAL COURT. EACH PARTY HERETO AGREES THAT SERVICE OF ANY PROCESS, SUMMONS, NOTICE OR DOCUMENT BY REGISTERED
MAIL ADDRESSED TO SUCH PERSON SHALL BE EFFECTIVE SERVICE OF PROCESS AGAINST SUCH PERSON FOR ANY SUIT, ACTION OR PROCEEDING BROUGHT
IN ANY SUCH COURT. EACH PARTY HERETO AGREES THAT A FINAL JUDGMENT IN ANY SUCH ACTION OR PROCEEDING MAY BE ENFORCED IN OTHER JURISDICTIONS
BY SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY LAW. EACH PARTY HERETO AGREES THAT THE ADMINISTRATIVE AGENT RETAINS
THE RIGHT TO BRING PROCEEDINGS AGAINST ANY LOAN PARTY IN THE COURTS OF ANY OTHER JURISDICTION SOLELY IN CONNECTION WITH THE EXERCISE
OF ANY RIGHTS UNDER ANY COLLATERAL DOCUMENT.


(c)       EACH
PARTY HERETO HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE FULLEST EXTENT IT MAY LEGALLY AND EFFECTIVELY DO SO, ANY OBJECTION
WHICH IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY SUIT, ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS
AGREEMENT OR ANY OTHER LOAN DOCUMENT IN ANY COURT REFERRED TO IN PARAGRAPH (B) OF THIS SECTION 9.10. EACH
PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, ANY CLAIM OR DEFENSE OF AN INCONVENIENT FORUM TO
THE MAINTENANCE OF SUCH ACTION, SUIT OR PROCEEDING IN ANY SUCH COURT.


(d)       TO
THE EXTENT PERMITTED BY LAW, EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES PERSONAL SERVICE OF ANY AND ALL PROCESS UPON IT AND AGREES
THAT ALL SUCH SERVICE OF PROCESS MAY BE MADE BY REGISTERED MAIL (OR ANY SUBSTANTIALLY SIMILAR FORM OF MAIL) DIRECTED TO IT
AT ITS ADDRESS FOR NOTICES AS PROVIDED FOR IN SECTION 9.01. EACH PARTY HERETO HEREBY WAIVES ANY OBJECTION TO SUCH SERVICE
OF PROCESS AND FURTHER IRREVOCABLY WAIVES AND AGREES NOT TO PLEAD OR CLAIM IN ANY ACTION OR PROCEEDING COMMENCED HEREUNDER OR UNDER
ANY LOAN



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DOCUMENT THAT SERVICE OF PROCESS WAS INVALID AND INEFFECTIVE. NOTHING IN THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT WILL
AFFECT THE RIGHT OF ANY PARTY TO THIS AGREEMENT TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY LAW.


Section 9.11     Waiver of Jury Trial.
EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL
BY JURY IN ANY SUIT, ACTION, PROCEEDING OR COUNTERCLAIM (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY) DIRECTLY OR INDIRECTLY
ARISING OUT OF OR RELATING TO THIS AGREEMENT, ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY. EACH
PARTY HERETO (a) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HERETO HAS REPRESENTED, EXPRESSLY
OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (b) ACKNOWLEDGES
THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS
AND CERTIFICATIONS IN THIS SECTION 9.11.


Section 9.12     Headings. Article
and Section headings and the Table of Contents used herein are for convenience of reference only, are not part of this Agreement
and shall not affect the construction of, or be taken into consideration in interpreting, this Agreement.


Section 9.13     Confidentiality.
Each of the Administrative Agent, each Lender, each Issuing Bank and each Arranger agrees (and each Lender agrees to cause its
SPC, if any) to maintain the confidentiality of the Confidential Information (as defined below), except that Confidential Information
may be disclosed (a) to its Affiliates and its and its Affiliates’ respective directors, officers, managers, employees,
independent auditors, or other experts and advisors, including accountants, legal counsel and other advisors (collectively, the
“Representatives”) on a “need to know” basis solely in connection with the transactions contemplated
hereby and who are informed of the confidential nature of the Confidential Information and are or have been advised of their obligation
to keep the Confidential Information of this type confidential; provided that such Person shall be responsible for
its Affiliates’ and their Representatives’ compliance with this paragraph; provided, further, that
unless the Lead Borrower otherwise consents, no such disclosure shall be made by the Administrative Agent, any Issuing Bank, any
Arranger, any Lender, any Ancillary Lender or any Affiliate or Representative thereof to any Affiliate or Representative of the
Administrative Agent, any Issuing Bank, any Arranger, any Lender or any Ancillary Lender that (i) is engaged as a principal
primarily in private equity, mezzanine financing or venture capital (other than, in each case, to a limited number of senior employees
who are required, in accordance with industry regulations or the Lender’s internal policies and procedures to act in a supervisory
capacity and the Lender’s internal legal, compliance, risk management, credit or investment committee members and who are
informed of the confidential nature of such information and are or have been advised of their obligation to keep information of
this type confidential) or (ii) is a Disqualified Institution, (b) upon the demand or request of any regulatory or governmental
authority (including any self­regulatory body) purporting to have jurisdiction over such Person or its Affiliates (in which case
such Person shall, except with respect to any audit or examination conducted by bank accountants or any Governmental Authority
or regulatory or self­regulatory authority exercising examination or regulatory authority, to the extent practicable and permitted
by law, (i) inform the Lead Borrower promptly in advance thereof and (ii) use commercially reasonable efforts to ensure
that any information so disclosed is accorded confidential treatment), (c) to the extent compelled by legal process in, or
reasonably necessary to, the defense of such legal, judicial or administrative proceeding, in any legal, judicial or administrative
proceeding or otherwise as required by applicable Requirements of Law (in which case such Person shall (i) to the extent practicable
and permitted by law, inform the Lead Borrower promptly in advance thereof and (ii) use commercially reasonable efforts to
ensure that any such information so disclosed is accorded confidential treatment), (d) to any other party to this Agreement,
(e) subject to an acknowledgment and agreement by the relevant recipient that the Confidential Information is being disseminated
on a confidential basis (on substantially the terms set forth in this paragraph or as otherwise reasonably acceptable to the Lead
Borrower and the Administrative Agent) in accordance with the standard syndication process of the Arrangers or market standards
for dissemination of the relevant type of information, which shall in any event require “click through” or other affirmative
action on the part of the recipient to access the Confidential Information and acknowledge its confidentiality obligations in respect
thereof, to (i) any Eligible Assignee of or Participant in, or any prospective Eligible Assignee of or prospective Participant
in, any of its rights or obligations under this Agreement, including any SPC (in each case other than a Disqualified Institution),



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(ii) any pledgee referred to in Section 9.05, (iii) any actual or prospective, direct or indirect contractual
counterparty (or its advisors) to any Derivative Transaction (including any credit default swap) or similar derivative product
to which any Loan Party is a party and (iv) subject to the Lead Borrower’s prior approval of the information to be disclosed
(not to be unreasonably withheld or delayed), to Moody’s or S&P on a confidential basis in connection with obtaining
or maintaining ratings as required under Section 5.13, (f) with the prior written consent of the Lead Borrower
and (g) to the extent (1) the Confidential Information becomes publicly available other than as a result of a breach
of this Section 9.13 by such Person, its Affiliates or their respective Representatives or (2) becomes available
to the Administrative Agent, any Lender, any Issuing Bank or any Arranger or any of their respective Affiliates from a third-party
source that is not known to be subject to a confidentiality obligation to the Lead Borrower and/or any of its subsidiaries. For
purposes of this Section 9.13, “Confidential Information” means all information relating to the
Borrowers and/or any of their subsidiaries and their respective businesses or the Transactions (including any information obtained
by the Administrative Agent, any Issuing Bank, any Lender, any Ancillary Lender or any Arranger, or any of their respective Affiliates
or Representatives, based on a review of the books and records relating to the Borrowers and/or any of their subsidiaries and their
respective Affiliates from time to time, including prior to the date hereof) other than any such information that is publicly available
to the Administrative Agent or any Arranger, Issuing Bank, or Lender on a non-confidential basis prior to disclosure by the Borrowers
or any of their subsidiaries. For the avoidance of doubt, in no event shall any disclosure of any Confidential Information be made
to Person that is a Disqualified Institution at the time of disclosure.


Section 9.14     No Fiduciary Duty.
Each of the Administrative Agent, the Arrangers, each Lender, each Ancillary Lender, each Issuing Bank and their respective Affiliates
(collectively, solely for purposes of this paragraph, the “Lenders”), may have economic interests that conflict
with those of the Loan Parties, their stockholders and/or their respective affiliates. Each Loan Party agrees that nothing in the
Loan Documents or otherwise will be deemed to create an advisory, fiduciary or agency relationship or fiduciary or other implied
duty between any Lender, on the one hand, and such Loan Party, its respective stockholders or its respective affiliates, on the
other. Each Loan Party acknowledges and agrees that: (i) the transactions contemplated by the Loan Documents (including the
exercise of rights and remedies hereunder and thereunder) are arm’s­length commercial transactions between the Lenders, on
the one hand, and the Loan Parties, on the other, and (ii) in connection therewith and with the process leading thereto, (x) no
Lender has assumed an advisory or fiduciary responsibility in favor of any Loan Party, its respective stockholders or its respective
affiliates with respect to the transactions contemplated hereby (or the exercise of rights or remedies with respect thereto) or
the process leading thereto (irrespective of whether any Lender has advised, is currently advising or will advise any Loan Party,
its respective stockholders or its respective Affiliates on other matters) or any other obligation to any Loan Party except the
obligations expressly set forth in the Loan Documents and (y) each Lender is acting solely as principal and not as the agent
or fiduciary of such Loan Party, its respective management, stockholders, creditors or any other Person. Each Loan Party acknowledges
and agrees that such Loan Party has consulted its own legal, tax and financial advisors to the extent it deemed appropriate and
that it is responsible for making its own independent judgment with respect to such transactions and the process leading thereto.


Section 9.15     Several Obligations.
The respective obligations of the Lenders hereunder are several and not joint and the failure of any Lender to make any Loan, issue
any Letter of Credit or perform any of its obligations hereunder shall not relieve any other Lender from any of its obligations
hereunder.


Section 9.16     USA PATRIOT Act.
Each Lender that is subject to the requirements of the USA PATRIOT Act hereby notifies the Loan Parties that pursuant to the requirements
of the USA PATRIOT Act, it is required to obtain, verify and record information that identifies each Loan Party, which information
includes the name and address of such Loan Party and other information that will allow such Lender to identify such Loan Party
in accordance with the USA PATRIOT Act and a certification regarding beneficial ownership required by 31 C.F.R. § 1010.230.


Section 9.17     Disclosure. Each
Loan Party, each Issuing Bank and each Lender hereby acknowledges and agrees that the Administrative Agent and/or its Affiliates
from time to time may hold investments in, make other loans to or have other relationships with any of the Loan Parties and their
respective Affiliates.


Section 9.18     Appointment for Perfection.
Each Lender hereby appoints each other Lender and each Issuing Bank as its agent for the purpose of perfecting Liens for the benefit
of the Administrative Agent, the Issuing



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Banks and the Lenders, in assets which, in accordance with Article 9 of the UCC or
any other applicable law can be perfected only by possession. If any Lender or Issuing Bank (other than the Administrative Agent)
obtains possession of any Collateral, such Lender, Issuing Bank shall notify the Administrative Agent thereof; and, promptly
upon the Administrative Agent’s request therefor shall deliver such Collateral to the Administrative Agent or otherwise deal
with such Collateral in accordance with the Administrative Agent’s instructions.


Section 9.19     Interest Rate Limitation.
Notwithstanding anything herein to the contrary, if at any time the interest rate applicable to any Loan or Letter of Credit, together
with all fees, charges and other amounts which are treated as interest on such Loan or Letter of Credit under applicable law (collectively
the “Charged Amounts”), shall exceed the maximum lawful rate (the “Maximum Rate”) which may
be contracted for, charged, taken, received or reserved by the Lender or Issuing Bank holding such Loan or Letter of Credit in
accordance with applicable law, the rate of interest payable in respect of such Loan or Letter of Credit hereunder, together with
all Charged Amounts payable in respect thereof, shall be limited to the Maximum Rate and, to the extent lawful, the interest and
Charged Amounts that would have been payable in respect of such Loan or Letter of Credit but were not payable as a result of the
operation of this Section 9.19 shall be cumulated and the interest and Charged Amounts payable to such Lender or Issuing
Bank in respect of other Loans or Letters of Credit or periods shall be increased (but not above the Maximum Rate therefor) until
such cumulated amount, together with interest thereon at the Federal Funds Effective Rate to the date of repayment, shall have
been received by such Lender or Issuing Bank.


Section 9.20     Judgment Currency.
If, for the purposes of obtaining judgment in any court, it is necessary to convert a sum due hereunder or any other Loan Document
in one currency into another currency, the rate of exchange used shall be that at which in accordance with normal banking procedures
the Administrative Agent could purchase the first currency with such other currency on the Business Day preceding that on which
final judgment is given. The obligation of each Borrower in respect of any such sum due from it to the Administrative Agent or
the Lenders hereunder or under the other Loan Documents shall, notwithstanding any judgment in a currency (the “Judgment
Currency”) other than that in which such sum is denominated in accordance with the applicable provisions of this Agreement
(the “Agreement Currency”), be discharged only to the extent that on the Business Day following receipt by the
Administrative Agent of any sum adjudged to be so due in the Judgment Currency, the Administrative Agent may in accordance with
normal banking procedures purchase the Agreement Currency with the Judgment Currency. If the amount of the Agreement Currency so
purchased is less than the sum originally due to the Administrative Agent from the Borrowers in the Agreement Currency, the Borrowers
agree, as a separate obligation and notwithstanding any such judgment, to indemnify the Administrative Agent or the Person to whom
such obligation was owing against such loss. If the amount of the Agreement Currency so purchased is greater than the sum originally
due to the Administrative Agent in such currency, the Administrative Agent agrees to return the amount of any excess to the Borrowers
(or to any other Person who may be entitled thereto under applicable Requirements of Law)


Section 9.21     Conflicts. Notwithstanding
anything to the contrary contained herein or in any other Loan Document, in the event of any conflict or inconsistency between
this Agreement and any other Loan Document, the terms of this Agreement shall govern and control.


Section 9.22     Release of Guarantors.
Notwithstanding anything in Section 9.02(b) to the contrary, any Subsidiary Guarantor shall automatically be released
from its obligations hereunder (and its Loan Guaranty shall be automatically released) (a) upon the consummation of any permitted
transaction or series of related transactions if as a result thereof such Subsidiary Guarantor ceases to be a Restricted Subsidiary
(or becomes an Excluded Subsidiary as a result of a single transaction or series of related transactions permitted hereunder;
provided, that the release of any Subsidiary Guarantor from its obligations under the Loan Guaranty if such Subsidiary Guarantor
becomes an Excluded Subsidiary of the type described in clause (a) of the definition thereof shall only be permitted
if at the time such Guarantor becomes an Excluded Subsidiary of such type (i) no Event of Default exists, (ii) after
giving pro forma effect to such release and the consummation of the transaction that causes such Person to be an Excluded Subsidiary
of such type, the Lead Borrower is deemed to have made a new Investment in such Person for purposes of Section 6.06
(as if such Person were then newly acquired) in an amount equal to the portion of the fair market value of the net assets of such
Person attributable to the Lead Borrower’s equity interest therein as reasonably estimated by the Lead Borrower and such
Investment is permitted pursuant to Section 6.06 (other than Section 6.06(f)) at such time and (iii) a
Responsible Officer of the Lead Borrower certifies to the Administrative Agent compliance with preceding clauses (i)
and (ii)) and/or (b) upon the occurrence of the Termination Date. In



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connection with any such release, the Administrative
Agent shall promptly execute and deliver to the relevant Loan Party, at such Loan Party’s expense, all documents that such
Loan Party shall reasonably request to evidence termination or release; provided that upon the request of the Administrative
Agent, the Lead Borrower shall deliver a certificate of a Responsible Officer certifying that the relevant transaction has been
consummated in compliance with the terms of this Agreement. Any execution and delivery of documents pursuant to the preceding sentence
of this Section 9.22 shall be without recourse to or warranty by the Administrative Agent (other than as to the Administrative
Agent’s authority to execute and deliver such documents).


Section 9.23     Reaffirmation.
Except as specifically amended herein, all Loan Documents (including the Loan Guaranty and each of the Collateral Documents and
all Liens granted thereunder in respect of the Secured Obligations) shall continue to be in full force and effect and are hereby
in all respects ratified and confirmed. As of the Closing Date, each Loan Party reaffirms its obligations under the Loan Documents
to which it is party and its prior grant and the validity of the Liens granted by it pursuant to the Collateral Documents, with
all such Liens continuing in full force and effect after giving effect to this Agreement and shall secure all Secured Obligations.


Section 9.24     Acknowledgement and
Consent to Bail-In of Affected Financial Institutions. Notwithstanding
anything to the contrary in any Loan Document or in any other agreement, arrangement or understanding among any such parties, each
party hereto acknowledges that any liability of any Affected Financial Institution arising under any Loan Document, to the extent
such liability is unsecured, may be subject to the write-down and conversion powers of the applicable Resolution Authority and
agrees and consents to, and acknowledges and agrees to be bound by:


(a)       the
application of any Write-Down and Conversion Powers by the applicable Resolution Authority to any such liabilities arising hereunder
which may be payable to it by any party hereto that is an Affected Financial Institution; and


(b)       the
effects of any Bail-in Action on any such liability, including, if applicable:


(i)       a
reduction in full or in part or cancellation of any such liability;


(ii)       a
conversion of all, or a portion of, such liability into shares or other instruments of ownership in such Affected Financial Institution,
its parent undertaking, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or
other instruments of ownership will be accepted by it in lieu of any rights with respect to any such liability under this Agreement
or any other Loan Document; or


(iii)       the
variation of the terms of such liability in connection with the exercise of the write-down and conversion powers of the applicable
Resolution Authority.


Section 9.25     Acknowledgement Regarding
Any Supported QFCs. To the extent that the Loan Documents provide support, through a guarantee or otherwise, for any Hedge
Agreement or any other agreement or instrument that is a QFC (such support, “QFC Credit Support,” and each such
QFC, a “Supported QFC”), the parties acknowledge and agree as follows with respect to the resolution power of
the Federal Deposit Insurance Corporation under the Federal Deposit Insurance Act and Title II of the Dodd-Frank Wall Street Reform
and Consumer Protection Act (together with the regulations promulgated thereunder, the “U.S. Special Resolution Regimes”)
in respect of such Supported QFC and QFC Credit Support (with the provisions below applicable notwithstanding that the Loan Documents
and any Supported QFC may in fact be stated to be governed by the laws of the State of New York and/or of the United States or
any other state of the United States). In the event a Covered Entity that is party to a Supported QFC (each, a “Covered
Party”) becomes subject to a proceeding under a U.S. Special Resolution Regime, the transfer of such Supported QFC and
the benefit of such QFC Credit Support (and any interest and obligation in or under such Supported QFC and such QFC Credit Support,
and any rights in property securing such Supported QFC or such QFC Credit Support) from such Covered Party will be effective to
the same extent as the transfer would be effective under the U.S. Special Resolution Regime if the Supported QFC and such QFC Credit
Support (and any such interest, obligation and rights in property) were governed by the laws of the United States or a state of
the United States. In the event a Covered Party or a BHC Act Affiliate of a Covered Party becomes subject to a proceeding under
a U.S. Special Resolution Regime, Default Rights under the Loan



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Documents that might otherwise apply to such Supported QFC or any
QFC Credit Support that may be exercised against such Covered Party are permitted to be exercised to no greater extent than such
Default Rights could be exercised under the U.S. Special Resolution Regime if the Supported QFC and the Loan Documents were governed
by the laws of the United States or a state of the United States. Without limitation of the foregoing, it is understood and agreed
that rights and remedies of the parties with respect to a Defaulting Lender shall in no event affect the rights of any Covered
Party with respect to a Supported QFC or any QFC Credit Support.


Section 9.26     ERISA Representation
of the Lenders.


(a)       Each
Lender (x) represents and warrants, as of the date such Person became a Lender party hereto, to, and (y) covenants, from the date
such Person became a Lender party hereto to the date such Person ceases being a Lender party hereto, for the benefit of, the Administrative
Agent, the Arrangers and their respective Affiliates and not, for the avoidance of doubt, to or for the benefit of the Borrowers
or any other Loan Party, that at least one of the following is and will be true:


(i)       such
Lender is not using “plan assets” (within the meaning of Section 3(42) of ERISA or otherwise) of one or more Benefit
Plans with respect to such Lender’s entrance into, participation in, administration of and performance of the Loans, the
Letters of Credit, the Commitments, or this Agreement,


(ii)       the
transaction exemption set forth in one or more PTEs, such as PTE 84-14 (a class exemption for certain transactions determined by
independent qualified professional asset managers), PTE 95-60 (a class exemption for certain transactions involving insurance company
general accounts), PTE 90-1 (a class exemption for certain transactions involving insurance company pooled separate accounts),
PTE 91-38 (a class exemption for certain transactions involving bank collective investment funds) or PTE 96-23 (a class exemption
for certain transactions determined by in-house asset managers), is applicable with respect to such Lender’s entrance into,
participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement,


(iii)       (A)
such Lender is an investment fund managed by a “Qualified Professional Asset Manager” (within the meaning of Part VI
of PTE 84-14), (B) such Qualified Professional Asset Manager made the investment decision on behalf of such Lender to enter into,
participate in, administer and perform the Loans, the Letters of Credit, the Commitments and this Agreement, (C) the entrance into,
participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement satisfies
the requirements of subsections (b) through (g) of Part I of PTE 84-14 and (D) to the best knowledge of such Lender, the requirements
of subsection (a) of Part I of PTE 84-14 are satisfied with respect to such Lender’s entrance into, participation in, administration
of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement, or


(iv)       such
other representation, warranty and covenant as may be agreed in writing between the Administrative Agent, in its sole discretion,
and such Lender.


(b)       In
addition, unless either (1) sub-clause (i) in the immediately preceding clause (a) is true with respect to a Lender
or (2) a Lender has provided another representation, warranty and covenant in accordance with sub-clause (iv) in the immediately
preceding clause (a), such Lender further (x) represents and warrants, as of the date such Person became a Lender party
hereto, to, and (y) covenants, from the date such Person became a Lender party hereto to the date such Person ceases being a Lender
party hereto, for the benefit of, the Administrative Agent, the Arrangers and their respective Affiliates and not, for the avoidance
of doubt, to or for the benefit of the Borrowers or any other Loan Party, that the Administrative Agent is not a fiduciary with
respect to the assets of such Lender involved in such Lender’s entrance into, participation in, administration of and performance
of the Loans, the Letters of Credit, the Commitments and this Agreement (including in connection with the reservation or exercise
of any rights by the Administrative Agent under this Agreement, any Loan Document or any documents related hereto or thereto).



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[Signature Pages Follow]








 


 


 


 






    	 	-186-	 



     


    

 


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


 





	 	SPECTRUM BRANDS, INC., as
    the Lead Borrower	 
	 	 	 	 
	 	By:	 	 
	 	Name:	 	 
	 	Title:	 	 



 





	 	SB/RH HOLDINGS, LLC, as Holdings	 
	 	 	 	 
	 	By:	 	 
	 	Name:	 	 
	 	Title:	 	 



 





	 	ROV HOLDING, INC.

                    UNITED INDUSTRIES CORPORATION

                    SPECTRUM BRANDS PET GROUP INC.

                    SPECTRUM BRANDS PET LLC

                    GLOFISH LLC

                    SALIX ANIMAL HEALTH, LLC

                    ALASKA MERGER ACQUISITION CORP., as

                    Subsidiary Guarantors
	 
	 	 	 	 
	 	By:	 	 
	 	Name:	 	 
	 	Title:	 	 
	 








 


 





 



    	 	[Signature Page to Spectrum Credit Agreement (2020)]
	



     


    

 





	 	ROYAL BANK OF CANADA, as Administrative Agent and Collateral Agent	 
	 	 	 	 
	 	By:	 	 
	 	Name:	 	 
	 	Title:	 	 
	 	By:	 	 
	 	Name:	 	 
	 	Title:	 	 



 


 



 


 





 






    	 	[Signature Page to Spectrum Credit Agreement (2020)]
	



     


    

 








	 	[___], as a Lender [and as an Issuing Bank]	 
	 	 	 	 
	 	By:	 	 
	 	Name:	 	 
	 	Title:	 	 
	 	By:	 	 
	 	Name:	 	 
	 	Title:	 	 



 



 


 








 


 






    	 	[Signature Page to Spectrum Credit Agreement (2020)]