Exhibit 10.1







 





 






 


TERM LOAN CREDIT AGREEMENT


 


Dated as of June 5, 2020


 


among


 


THERMO FISHER SCIENTIFIC INC.,

as the Company,


 


JPMORGAN CHASE BANK, N.A.,

as Administrative Agent


 


and


 


The Other Lenders Party Hereto


 


 








 


JPMORGAN CHASE BANK, N.A., and


MORGAN STANLEY SENIOR FUNDING, INC.


as Joint Lead Arrangers and Joint Bookrunners


 


MORGAN STANLEY SENIOR FUNDING, INC.


as Syndication Agent


 


BANK OF AMERICA, N.A.,


as Documentation Agent


 


 






 








    


     


    

 


TABLE
OF CONTENTS


 


Page


 


	ARTICLE I. DEFINITIONS AND ACCOUNTING TERMS	1
	 	 	 
	1.01	Defined Terms	1
	1.02	Other Interpretive Provisions	26
	1.03	Accounting Terms	26
	1.04	Rounding	27
	1.05	Times of Day	27
	1.06	Interest Rates; LIBOR and EURIBOR Notification	27
	 	 	 
	ARTICLE II. THE COMMITMENTS AND CREDIT EXTENSIONS	28
	 	 	 
	2.01	Loans	28
	2.02	Borrowings and Continuations of Loans	28
	2.03	Voluntary Prepayments and Reduction of Commitments	29
	2.04	[Reserved]	30
	2.05	Repayment of Loans	30
	2.06	Interest	30
	2.07	Fees	31
	2.08	Computation of Interest and Fees	31
	2.09	Evidence of Debt	31
	2.10	Payments Generally; Administrative Agent’s Clawback	32
	2.11	Sharing of Payments by Lenders	33
	2.12	Defaulting Lenders	34
	 	 	 
	ARTICLE III. TAXES, YIELD PROTECTION AND ILLEGALITY	35
	 	 	 
	3.01	Taxes	35
	3.02	Illegality	39
	3.03	Alternative Rate of Interest.	40
	3.04	Increased Costs; Reserves on Eurocurrency Rate Loans	42
	3.05	Compensation for Losses	43
	3.06	Mitigation Obligations; Replacement of Lenders	44
	3.07	Survival	45
	 	 	 
	ARTICLE IV. CONDITIONS PRECEDENT	45
	 	 	 
	4.01	Conditions to Effectiveness	45
	4.02	Conditions to Borrowings on the Closing Date	46
	4.03	Conditions to Subsequent Borrowings	47
	4.04	Actions by Lenders During the Certain Funds Period	48
	 	 	 
	ARTICLE V. REPRESENTATIONS AND WARRANTIES	49
	 	 	 
	5.01	Existence, Qualification and Power	49
	5.02	Authorization; No Contravention	49
	5.03	Governmental Authorization	49
	5.04	Binding Effect	50
	5.05	Financial Statements; No Material Adverse Effect	50



 







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TABLE OF CONTENTS


(continued)


Page


 


	5.06	Litigation	50
	5.07	Margin Regulations; Investment Company Act	50
	5.08	Disclosure	50
	5.09	Affected Financial Institutions	51
	5.10	Sanctions and Anti-Corruption	51
	 	 	 
	ARTICLE VI. AFFIRMATIVE COVENANTS	51
	 	 	 
	6.01	Financial Statements	51
	6.02	Certificates; Other Information	52
	6.03	Notices	53
	6.04	Payment of Taxes	54
	6.05	Preservation of Existence, Etc	54
	6.06	Compliance with Laws	54
	6.07	Use of Proceeds	54
	 	 	 
	ARTICLE VII. NEGATIVE COVENANTS	54
	 	 	 
	7.01	Liens	54
	7.02	Fundamental Changes	56
	7.03	Consolidated Net Leverage Ratio	57
	7.04	Consolidated Interest Coverage Ratio	57
	 	 	 
	ARTICLE VIII. EVENTS OF DEFAULT AND REMEDIES	58
	 	 	 
	8.01	Events of Default	58
	8.02	Remedies Upon Event of Default	60
	8.03	Application of Funds	60
	 	 	 
	ARTICLE IX. ADMINISTRATIVE AGENT	61
	 	 	 
	9.01	Appointment and Authority	61
	9.02	Rights as a Lender	61
	9.03	Exculpatory Provisions	61
	9.04	Reliance by Administrative Agent	62
	9.05	Delegation of Duties	63
	9.06	Resignation of Administrative Agent	63
	9.07	Non-Reliance on Administrative Agent and Other Lenders	64
	9.08	No Other Duties, Etc.	64
	9.09	Administrative Agent May File Proofs of Claim	64
	9.10	ERISA Representations	65
	 	 	 
	ARTICLE X. MISCELLANEOUS	66
	 	 	 
	10.01	Amendments, Etc.	66
	10.02	Notices; Effectiveness; Electronic Communication	67
	10.03	No Waiver; Cumulative Remedies; Enforcement	68
	10.04	Expenses; Indemnity; Damage Waiver	69



 






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TABLE OF CONTENTS


(continued)


Page


 


	10.05	Payments Set Aside	72
	10.06	Successors and Assigns	72
	10.07	Treatment of Certain Information; Confidentiality	76
	10.08	Right of Setoff	77
	10.09	Interest Rate Limitation	77
	10.10	Counterparts; Integration; Effectiveness	77
	10.11	Survival of Representations and Warranties	78
	10.12	Severability	78
	10.13	Replacement of Lenders	78
	10.14	Governing Law; Jurisdiction; Etc.	79
	10.15	Waiver of Jury Trial	80
	10.16	No Advisory or Fiduciary Responsibility	80
	10.17	Electronic Execution of Assignments and Certain Other Documents	81
	10.18	USA PATRIOT Act Notice	81
	10.19	Judgment Currency	81
	10.20	Acknowledgement and Consent to Bail-In of Affected Financial Institutions	82



 






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SCHEDULES


 


		2.01	Commitments and Applicable Percentages
		10.02	Administrative Agent’s Office; Certain Addresses for Notices



 


EXHIBITS


 


Form of


 


		A	Loan Notice
		B	Note
		C	Compliance Certificate
		D	Assignment and Assumption
		E	U.S. Tax Compliance Certificates



 






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TERM LOAN CREDIT AGREEMENT


 


This TERM LOAN CREDIT
AGREEMENT (this “Agreement”) is entered into as of June 5, 2020, among THERMO FISHER SCIENTIFIC INC., a
Delaware corporation (the “Company”), each lender from time to time party hereto (collectively, the “Lenders”
and individually, a “Lender”), and JPMORGAN CHASE BANK, N.A., as Administrative Agent.


 


R E C I T A L S


 


The Company has requested
that the Lenders provide a term loan credit facility, and the Lenders are willing to do so on the terms and conditions set forth
herein, the proceeds of which will be used (a) to purchase Equity Securities of the Target pursuant to the Acquisition Agreement
and (b) to pay all or a portion of the costs incurred by the Company or any of its Subsidiaries in connection with the Transactions.


 


In consideration of
the mutual covenants and agreements herein contained, the parties hereto covenant and agree as follows:


 


ARTICLE I.


 


DEFINITIONS
AND ACCOUNTING TERMS


 


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


 


“Acquisition”
means the acquisition by the Company, directly or indirectly through one or more of its Subsidiaries, of the Equity Securities
of the Target pursuant to the Acquisition Agreement.


 


“Acquisition
Agreement” means that certain Business Combination Agreement, dated as of March 3, 2020, among the Company
and the Target (and all schedules, exhibits and annexes thereto and all side letters and agreements affecting the terms thereof
or entered into in connection therewith).


 


“Acquisition
Debt” means any Indebtedness of the Company or any of its Subsidiaries that has been issued for the purpose of financing,
in whole or in part, a Qualified Acquisition and any related transactions or series of related transactions (including for the
purpose of refinancing or replacing all or a portion of any pre-existing Indebtedness of the Company, any of its Subsidiaries or
the person(s) or assets to be acquired); provided that (a) the release of the proceeds thereof to the Company
and its Subsidiaries is contingent upon the consummation of such Qualified Acquisition and, pending such release, such proceeds
are held in escrow (and, if the definitive agreement (or, in the case of a tender offer or similar transaction, the definitive
offer document) for such Qualified Acquisition is terminated prior to the consummation of such Qualified Acquisition or if such
Qualified Acquisition is otherwise not consummated by the date specified in the definitive documentation relating to such debt,
such proceeds shall be promptly applied to satisfy and discharge all obligations of the Company and its Subsidiaries in respect
of such Indebtedness) or (b) such Indebtedness contains a “special mandatory redemption” provision (or other similar
provision) or otherwise permits such Indebtedness to be redeemed or prepaid if such Qualified Acquisition is not consummated by
the date specified in the definitive documentation relating to such debt (and if the definitive agreement (or, in the case of a
tender offer or similar transaction, the definitive offer document) for such Qualified Acquisition is terminated in accordance
with its terms prior to the consummation of such Qualified Acquisition or such Qualified Acquisition is otherwise not consummated
by the date specified in the definitive documentation relating to such Indebtedness, such debt is so redeemed or prepaid within
90 days of such termination or such specified date, as the case may be).


 






    


     


    

 


“Act”
has the meaning specified in Section 10.18.


 


“Administrative
Agent” means JPMCB in its capacity as administrative agent under any of the Loan Documents, or any successor administrative
agent.


 


“Administrative
Agent’s Office” means the Administrative Agent’s address and, as appropriate, account as set forth on Schedule
10.02, or such other address or account as the Administrative Agent may from time to time notify to the Company and the Lenders.


 


“Administrative
Questionnaire” means an Administrative Questionnaire in a form supplied by the Administrative Agent.


 


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


 


“Affiliate”
means, with respect to any Person, another Person that directly, or indirectly through one or more intermediaries, Controls or
is Controlled by or is under common Control with the Person specified.


 


“Agent Parties”
has the meaning specified in Section 10.02(c).


 


“Aggregate
Commitments” means the Commitments of all the Lenders.


 


“Agreement”
has the meaning specified in the introductory paragraph hereto.


 


“Agreement
Currency” has the meaning specified in Section 10.19.


 


“Anti-Corruption
Laws” means the Foreign Corrupt Practices Act of 1977 and the United Kingdom Bribery Act 2010, each as amended, and the
rules and regulations thereunder.


 


“Applicable
Percentage” means with respect to any Lender at any time, the percentage (carried out to the ninth decimal place) of
the Total Credit Exposure of all Lenders represented by such Lender’s Total Credit Exposure at such time. The initial Applicable
Percentage of each Lender is set forth opposite the name of such Lender on Schedule 2.01 or in the Assignment and Assumption
pursuant to which such Lender becomes a party hereto, as applicable.


 


“Applicable
Rate” means, from time to time, the following rate, expressed in basis points per annum, corresponding to the applicable
Debt Ratings as set forth below:


 


	Pricing

 Level	Debt Ratings

 S&P/Moody’s	Commitment

 Fee	Applicable Rate 

for 

Eurocurrency Rate Loans	Applicable Rate

for 

Base Rate Loans
	1	BBB+ / Baa1 or better	0.175%	1.250%	0.250%
	2	BBB / Baa2	0.200%	1.375%	0.375%
	3	Any ratings lower than Level 2	0.250%	1.625%	0.625%


 






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“Debt Ratings”
means, as of any date of determination, the ratings as determined by the Rating Agencies of the Company’s non-credit-enhanced,
senior unsecured long-term debt; provided that (a) if the respective Debt Ratings issued by the Rating Agencies differ
by one level, then the Pricing Level for the higher of such Debt Ratings shall apply (with the Debt Rating for Pricing Level 1
being the highest and the Debt Rating for Pricing Level 3 being the lowest); (b) if the respective Debt Ratings issued by
the Rating Agencies differ by more than one level, then the Pricing Level that is one Pricing Level lower than the higher of such
Debt Ratings shall apply; (c) if the Company has only one Debt Rating, then the Pricing Level that is one level lower than
that of such Debt Rating shall apply; and (d) if the Company does not have any Debt Rating, Pricing Level 3 shall apply.


 


Initially, the Applicable
Rate shall be determined based upon the Debt Ratings effective as of the Closing Date, except that the Commitment Fee shall be
initially determined from the Effective Date until the Closing Date based upon Pricing Level 1, subject to any lower ratings publicly
announced prior to such time. Thereafter, each change in the Applicable Rate or Commitment Fee resulting from a publicly announced
change in the Debt Ratings shall be effective during the period commencing on the date of the public announcement thereof and ending
on the date immediately preceding the effective date of the next such change; provided, that if no such public announcement
is made, such change in the Applicable Rate shall be effective on the date the change in the Debt Ratings is effective.


 


“Approved
Fund” means any Fund that is administered or managed by (a) a Lender, (b) an Affiliate of a Lender or (c) an
entity or an Affiliate of an entity that administers or manages a Lender.


 


“Arrangers”
means (i) JPMCB and (ii) Morgan Stanley Senior Funding, Inc., each in its capacity as joint lead arranger and joint
bookrunner.


 


“Assignee
Group” means two or more Eligible Assignees that are Affiliates of one another or two or more Approved Funds managed
by the same investment advisor.


 


“Assignment
and Assumption” means an assignment and assumption entered into by a Lender and an Eligible Assignee (with the consent
of any party whose consent is required by Section 10.06(b)), and accepted by the Administrative Agent, in substantially
the form of Exhibit D or any other form (including electronic documentation generated by MarkitClear or other electronic
platform) approved by the Administrative Agent.


 


“Attorney
Costs” means and includes all reasonable fees, expenses, charges, disbursements and other charges of any one law firm
or external counsel (and one regulatory counsel and one local counsel in each affected jurisdiction to the extent reasonably necessary)
and, solely in the case of an actual or potential conflict of interest, one additional counsel (and one additional regulatory counsel
and one additional local counsel in each affected jurisdiction to the extent reasonably necessary) to each Person affected by such
conflict of interest.


 


“Audited Financial
Statements” means the audited consolidated balance sheet of the Company and its Subsidiaries for the fiscal year ended
December 31, 2019, and the related consolidated statements of income or operations, shareholders’ equity and cash flows
for such fiscal year of the Company and its Subsidiaries, including the notes thereto.


 


“Availability
End Date” means the first to occur of: (i) receipt by the Administrative Agent of written notice of termination
of this Agreement from the Company, (ii) the consummation of all components of the Acquisition (including all fundings under
this Agreement to be made in connection therewith) pursuant to the Acquisition Agreement, (iii) the abandonment (upon written
notification by the Company to the Administrative Agent) or termination (in writing in accordance with its terms) by the Company
of the Acquisition Agreement and (iv) 11:59 p.m. (New York City time) on the date that is five Business Days after the
Long Stop Date unless the Closing Date has occurred on or before such date.


 






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“Availability
Period” means the period from and including the Effective Date to the earlier of (a) the Availability End Date and
(b) the date of termination of all of the Aggregate Commitments pursuant to Section 2.03.


 


“BaFin”
means the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht).


 


“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).


 


“Base Rate”
means, for any day, a rate per annum equal to the greatest of (a) the Prime Rate in effect on such day, (b) the NYFRB
Rate in effect on such day plus 1⁄2 of 1% and (c) the LIBO Rate for a one month Interest Period on such day (or if such
day is not a Business Day, the immediately preceding Business Day) plus 1%; provided that for the purpose of this definition, the
LIBO Rate for any day shall be based on the LIBO Screen Rate (or if the LIBO Screen Rate is not available for such one month Interest
Period, the LIBO Interpolated Rate) at approximately 11:00 a.m. London time on such day. Any change in the Base Rate due to
a change in the Prime Rate, the NYFRB Rate or the LIBO Rate shall be effective from and including the effective date of such change
in the Prime Rate, the NYFRB Rate or the LIBO Rate, respectively. If the Base Rate is being used as an alternate rate of interest
pursuant to Section 3.03 (for the avoidance of doubt, only until any amendment has become effective pursuant to Section 3.03(b)),
then the Base Rate shall be the greater of clauses (a) and (b) above and shall be determined without reference to clause
(c) above. For the avoidance of doubt, if the Base Rate as determined pursuant to the foregoing would be less than 1.00%,
such rate shall be deemed to be 1.00% for purposes of this Agreement.


 


“Base Rate
Loan” means a Loan that bears interest based on the Base Rate. All Base Rate Loans shall be denominated in Dollars.


 


“Benchmark
Replacement” means the sum of: (a) the alternate benchmark rate (which may, in the case of Loans denominated in
Dollars, be a SOFR-Based Rate) that has been selected by the Administrative Agent and the Company 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
and/or (ii) any evolving or then-prevailing market convention for determining a rate of interest as a replacement to the Relevant
Rate for syndicated credit facilities denominated in Dollars or Euros, as applicable and (b) the 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; provided further that any such Benchmark Replacement shall be administratively
feasible as determined by the Administrative Agent in its reasonable discretion.


 






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“Benchmark
Replacement Adjustment” means 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 Company 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 Relevant Rate with the applicable Unadjusted Benchmark Replacement by the Relevant
Governmental Body and/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 the Relevant Rate with the applicable Unadjusted
Benchmark Replacement for syndicated credit facilities denominated in Euros or Dollars, as applicable, at such time (for the avoidance
of doubt, such Benchmark Replacement Adjustment shall not be in the form of a reduction to the Applicable Rate).


 


“Benchmark
Replacement Conforming Changes” means, with respect to any Benchmark Replacement, any technical, administrative or operational
changes (including changes to the definitions of “Base Rate” and “Interest Period,” timing and frequency
of determining rates and making payments of interest and other administrative matters) that the Administrative Agent decides in
its reasonable discretion 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 , with respect to a Relevant Rate, the earlier to occur of the following events with respect
to such Relevant Rate:


 


(1) in the case
of clause (1) or (2) of the definition of “Benchmark Transition Event,” the later of (a) the date of
the public statement or publication of information referenced therein and (b) the date on which the administrator of the Relevant
Screen Rate in respect of such Relevant Rate permanently or indefinitely ceases to provide the Relevant Screen Rate; or


 


(2) in the case
of clause (3) of the definition of “Benchmark Transition Event,” the date of the public statement or publication
of information referenced therein.


 


“Benchmark
Transition Event,” with respect to a Relevant Rate, means the occurrence of one or more of the following events with
respect to such Relevant Rate:


 


(1) a public statement
or publication of information by or on behalf of the administrator of the Relevant Screen Rate in respect of such Relevant Rate
announcing that such administrator has ceased or will cease to provide such Relevant Screen Rate, permanently or indefinitely;
provided that, at the time of such statement or publication, there is no successor administrator that will continue to provide
such Relevant Screen Rate;


 


(2) a public statement
or publication of information by the regulatory supervisor for the administrator of the Relevant Screen Rate in respect of such
Relevant Rate, the U.S. Federal Reserve System (in the case of the Relevant Rate for Loans denominated in Dollars), an insolvency
official with jurisdiction over the administrator for the Relevant Screen Rate in respect of such Relevant Rate, a resolution authority
with jurisdiction over the administrator for such Relevant Screen Rate or a court or an entity with similar insolvency or resolution
authority over the administrator for such Relevant Screen Rate, in each case which states that the administrator of the Relevant
Screen Rate in respect of such Relevant Rate has ceased or will cease to provide such Relevant Screen Rate permanently or indefinitely;
provided that, at the time of such statement or publication, there is no successor administrator that will continue to provide
such Relevant Screen Rate; and/or


 






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(3) a public statement
or publication of information by the regulatory supervisor for the administrator of the Relevant Screen Rate in respect of such
Relevant Rate announcing that such Relevant Screen Rate is no longer representative.


 


“Benchmark
Transition Start Date” means, with respect to a Relevant Rate (a) in the case of a Benchmark Transition Event with
respect to such Relevant Rate, 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 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 with respect to such Relevant Rate, the date specified by the Administrative Agent or the Required
Lenders, as applicable, by notice to the Company, the Administrative Agent (in the case of such notice by the Required Lenders)
and the Lenders.


 


“Benchmark
Unavailability Period” means, with respect to a Relevant Rate, if a Benchmark Transition Event and its related Benchmark
Replacement Date have occurred with respect to such Relevant Rate and solely to the extent that such Relevant Rate has not been
replaced with a Benchmark Replacement, the period (x) beginning at the time that such Benchmark Replacement Date in respect
of such Relevant Rate has occurred if, at such time, no Benchmark Replacement has replaced such Relevant Rate for all purposes
hereunder in accordance with Section 3.03 and (y) ending at the time that a Benchmark Replacement has replaced
such Relevant Rate for all purposes hereunder pursuant to Section 3.03.


 


“Benefit Plan”
means any of (a) an “employee benefit plan” (as defined in Section 3(3) of ERISA) that is subject to
Title I of ERISA, (b) a “plan” as defined in Section 4975 of the Code to which Section 4975 of the Code
applies, and (c) any Person whose assets include (for purposes of the Plan Asset Regulations 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”.


 


“Borrowing”
means the borrowing of simultaneous Loans of the same Type and Class, in the case of Eurocurrency Rate Loans, having the same Interest
Period made by each of the Lenders on each Funding Date pursuant to Section 2.01.


 


“Borrowing
Officer” means any Responsible Officer of the Company or any other individual designated in writing by a Responsible
Officer of the Company.


 


“Business
Day” means any day other than a Saturday, Sunday or other day on which commercial banks are authorized to close under
the Laws of, or are in fact closed in, the state of New York or the state where the Administrative Agent’s Office is located
and if such day relates to any interest rate settings as to a Eurocurrency Rate Loan, any fundings, disbursements, settlements
and payments in respect of any such Eurocurrency Rate Loan, or any other dealings to be carried out pursuant to this Agreement
in respect of any such Eurocurrency Rate Loan, means any such day that is also a London Banking Day.


 






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“Capital Lease
Obligations” means, with respect to any Person, the obligations of such Person to pay rent or other amounts under any
lease of (or other arrangement conveying the right to use) real or personal property, or a combination thereof, which obligations
are required to be classified and accounted for as capital leases on a balance sheet of such Person under GAAP, and, for the purposes
of this Agreement, the amount of such obligations at any time shall be the capitalized amount thereof at such time determined in
accordance with GAAP, provided that any obligations related to a lease that was or would have been accounted for as an operating
lease in accordance with GAAP as in effect on December 31, 2018 (whether or not such operating leases were in effect on such
date) shall be accounted for as obligations relating to an operating lease and not as Capital Lease Obligations regardless of any
change in GAAP following the date that would otherwise require such obligations to be recharacterized as Capitalized Leases.


 


“Cash Management
Agreement” means any agreement to provide cash management services, including treasury, depository, overdraft, credit
or debit card, electronic funds transfer and other cash management arrangements in a pooling arrangement or otherwise.


 


“Certain Funds
Period” means the period from and including the Effective Date to and including the Zero Commitment Date.


 


“Change in
Law” means the occurrence, after the date of this Agreement, of any of the following: (a) the adoption or taking
effect of any law, rule, regulation or treaty, (b) any change in any law, rule, regulation or treaty or in the administration,
interpretation, implementation or application thereof by any Governmental Authority or (c) the making or issuance of any request,
rule, guideline or directive (whether or not having the force of law) by any Governmental Authority; provided that notwithstanding
anything herein to the contrary, (x) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules,
guidelines or directives thereunder or issued in connection therewith and (y) all requests, rules, guidelines or directives
promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar
authority) or the United States or foreign regulatory authorities, in each case pursuant to Basel III, shall in each case be deemed
to be a “Change in Law,” regardless of the date enacted, adopted, implemented or issued.


 


“Change of
Control” means an event or series of events by which:


 


(a)            any
 “person” or “group” (as such terms are used in Sections 13(d) and 14(d) of the Exchange Act,
but excluding any employee benefit plan of such person or its subsidiaries, and any person or entity acting in its capacity as
trustee, agent or other fiduciary or administrator of any such plan) becomes the “beneficial owner” (as defined in
Rules 13d-3 and 13d-5 under the Exchange Act), directly or indirectly, of 40% or more of the equity securities of the Company
entitled to vote for members of the board of directors or equivalent governing body of the Company on a fully-diluted basis; or


 


(b)            a
majority of the members of the board of directors or other equivalent governing body of the Company shall cease to be composed
of individuals (i) who were members of that board or equivalent governing body on the Closing Date or (ii) whose election
by the board of directors of the Company, or whose nomination for election by the shareholders of the Company, was approved (such
approval either by specific vote or by approval of the Company’s proxy statement) by a vote of at least a majority of the
directors of the Company who were either directors on the Closing Date or whose election or nomination was previously so approved.


 


“Class”
means, with respect to a Loan, its status as either a Dollar Loan or a Euro Loan.


 


“Closing Date”
means the Business Day during the Availability Period on which all the conditions precedent in Section 4.02 are satisfied
or waived in accordance with Section 10.01 and on which the first Funding Date occurs.


 


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


 






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“Commitment”
means, as to each Lender, its obligation to make Loans to the Company pursuant to Section 2.01 in an aggregate principal
amount (including the Euro Equivalent of any Loan denominated in Dollars) at any one time outstanding not to exceed the Euro amount
set forth opposite such Lender’s name on Schedule 2.01 or in the Assignment and Assumption pursuant to which such
Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.
The aggregate amount of the Commitments on the date hereof is €3,000,000,000.


 


“Commitment
Fee” has the meaning specified in Section 2.07(a).


 


“Company”
has the meaning specified in the introductory paragraph hereto.


 


“Company Materials”
has the meaning specified in Section 6.02.


 


“Company Related
Parties” means the Company’s Subsidiaries and the directors and senior officers of the Company and of the Company’s
Subsidiaries.


 


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


 


“Compounded
SOFR” means, in the case of Loans denominated in Dollars, the compounded average of SOFRs for the applicable Corresponding
Tenor, with the rate, or methodology for this rate, and conventions for this rate (which may include compounding in arrears with
a lookback and/or suspension period as a mechanism to determine the interest amount payable prior to the end of each Interest Period)
being established by the Administrative Agent in accordance with:


 


		(1)	the rate, or methodology for this rate, and conventions for this rate selected or recommended by
the Relevant Governmental Body for determining compounded SOFR;



 


		(2)	if, and to the extent that, the Administrative Agent reasonably determines that Compounded SOFR
cannot be determined in accordance with clause (1) above, then the rate, or methodology for this rate, and conventions for
this rate that the Administrative Agent determines in its reasonable discretion are substantially consistent with any evolving
or then-prevailing market convention for determining compounded SOFR for Dollar-denominated syndicated credit facilities at such
time;



 


provided, further, that if
the Administrative Agent decides that any such rate, methodology or convention determined in accordance with clause (1) or
clause (2) is not administratively feasible for the Administrative Agent, then Compounded SOFR will be deemed unable to be
determined for purposes of the definition of “Benchmark Replacement.”


 


“Corresponding
Tenor” with respect to a Benchmark Replacement means a tenor (including overnight) having approximately the same length
(disregarding business day adjustment) as the applicable tenor for the applicable Interest Period with respect to the LIBO Rate.


 


“Connection
Income Taxes” means Other Connection Taxes that are imposed on or measured by net income (however denominated) or that
are franchise Taxes or branch profits Taxes.


 






    	 	8	 



     


    

 


“Consolidated
EBITDA” means, for any period, for the Company and its Subsidiaries on a consolidated basis, an amount equal to Consolidated
Net Income for such period plus (a) the following without duplication and to the extent deducted in calculating such
Consolidated Net Income: (i) income tax expense, (ii) interest expense, amortization or writeoff of debt discount and
debt issuance costs and commissions, discounts and other fees and charges associated with Indebtedness (including the Loans), (iii) depreciation
and amortization expense, (iv) amortization of intangibles and organization costs, (v) any extraordinary, unusual or
non-recurring non-cash expenses or losses (including, whether or not otherwise includable as a separate item in the statement of
such Consolidated Net Income for such period, non-cash losses on sales of assets outside of the ordinary course of business), (vi) any
extraordinary, unusual or non-recurring cash expenses or losses to the extent that they do not exceed, in the aggregate, $75,000,000
during such period, (vii) stock-based compensation expense and (viii) non-recurring cash charges incurred in the four
consecutive fiscal quarter period commencing with the quarter during which the applicable transaction described in clause (a) or
(b) below is consummated, (a) related to the Acquisition, including related non-recurring integration costs of the Company
and its Subsidiaries, in an aggregate amount not to exceed $300,000,000, in the aggregate for such four consecutive fiscal quarter
period and (b) related to any other Qualified Acquisition, including related non-recurring integration costs of the Company
and its Subsidiaries, in an aggregate amount not to exceed $250,000,000 for each such Qualified Acquisition for such four consecutive
fiscal quarter period, minus (b) the following to the extent included in calculating such Consolidated Net Income:
(i) interest income, (ii) any extraordinary, unusual or non-recurring non-cash income or gains (including, whether or
not otherwise includable as a separate item in the statement of such Consolidated Net Income for such period, non-cash gains on
the sales of assets outside of the ordinary course of business), (iii) any extraordinary, unusual or non-recurring cash income
or gains to the extent they exceed, in the aggregate, $75,000,000 during such period, and (iv) income tax credits (to the
extent not netted from income tax expense).


 


“Consolidated
Interest Coverage Ratio” means, as of any date of determination, the ratio of (a) Consolidated EBITDA for the period
of the four fiscal quarters most recently ended; provided, however, that Consolidated EBITDA shall be calculated
on a Pro Forma Basis to give effect to the Acquisition and any other acquisition or sale of a Subsidiary or operating division
thereof consummated during such period, in each case, for more than $3,000,000,000, to (b) Consolidated Interest Expense as
of such date.


 


“Consolidated
Interest Expense” means, for any period, for the Company and its Subsidiaries on a consolidated basis, the total cash
interest expense (including that attributable to Capital Lease Obligations) of the Company and its Subsidiaries for such period
with respect to all outstanding Indebtedness of the Company and its Subsidiaries (excluding all commissions, discounts and other
fees and charges owed with respect to letters of credit and bankers’ acceptance financing but including net costs under Swap
Contracts in respect of interest rates to the extent such net costs are allocable to such period in accordance with GAAP).


 


“Consolidated
Net Leverage Ratio” means, as of any date of determination, the ratio of (a) all Indebtedness of the Company and
its Subsidiaries outstanding as of such date minus unrestricted cash and cash equivalents (but, for the avoidance of doubt (and
without duplication of the effect of the provisos to Sections 7.03 and 7.04), excluding the netting of any proceeds
of Acquisition Debt or any Indebtedness in favor of the Target excluded from Indebtedness pursuant to Section 7.03
or 7.04) of the Company and its Subsidiaries as of such date to (b) Consolidated EBITDA for the period of the four
fiscal quarters most recently ended; provided, however, that Consolidated EBITDA shall be calculated on a Pro Forma
Basis to give effect to the Acquisition and any other acquisition or sale of a Subsidiary or operating division thereof consummated
during such period, in each case, for more than $3,000,000,000.


 


“Consolidated
Net Income” means, for any period, for the Company and its Subsidiaries, the net income (or loss) of the Company and
its Subsidiaries, determined on a consolidated basis and in accordance with GAAP.


 






    	 	9	 



     


    

 


“Consolidated
Total Tangible Assets” means, as of any date of determination, the total assets of the Company and its Subsidiaries on
a consolidated basis, as determined in accordance with GAAP, but excluding Intangible Assets.


 


“Contractual
Obligation” means, as to any Person, any provision of any security issued by such Person or of any agreement, instrument
or other undertaking to which such Person is a party or by which it or any of its property is bound.


 


“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.


 


“Credit Exposure”
means, as to any Lender at any time, the aggregate principal amount of its outstanding Loans at such time.


 


“Debt Ratings”
has the meaning specified in the definition of “Applicable Rate.”


 


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


 


“Default”
means any event or condition that constitutes an Event of Default or that, with the giving of any notice, the passage of time,
or both, would be an Event of Default.


 


“Default Rate”
means an interest rate equal to (i) the Base Rate plus (ii) the Applicable Rate, if any, applicable to Base Rate
Loans plus (iii) 2% per annum; provided, however, that with respect to a Eurocurrency Rate Loan, the
Default Rate shall be an interest rate equal to the interest rate (including any Applicable Rate) otherwise applicable to such
Loan plus 2% per annum.


 


“Defaulting
Lender” means, subject to Section 2.12(b), any Lender that (a) has failed to (i) fund all or any
portion of its Loans on the date such Loans were required to be funded hereunder, or (ii) pay to the Administrative Agent
or any Lender any other amount required to be paid by it hereunder within two Business Days of the date when due, (b) has
notified the Company or the Administrative Agent in writing that it does not intend to comply with its funding obligations hereunder,
or has made a public statement to that effect, (c) has failed, within three Business Days after written request by the Administrative
Agent or the Company, to confirm in writing to the Administrative Agent and the Company that it will comply with its prospective
funding obligations hereunder (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 and the Company), or (d) has, or has a
direct or indirect parent company that has, (i) become the subject of a proceeding under any Debtor Relief Law, (ii) had
appointed for it a receiver, custodian, conservator, trustee, administrator, assignee for the benefit of creditors or similar Person
charged with reorganization or liquidation of its business or assets, including the Federal Deposit Insurance Corporation or any
other state or federal regulatory authority acting in such a capacity, or (iii) become the subject of a Bail-In Action; provided
that a Lender shall not be a Defaulting Lender solely by virtue of (i) the ownership or acquisition of any equity interest
in that Lender or any direct or indirect parent company thereof by a Governmental Authority or (ii) in the case of a solvent
Lender, a precautionary Undisclosed Administration with respect to such Lender, in any such case where such ownership interest
or action does not result in or provide such Lender with immunity from the jurisdiction of courts within the United States 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 contracts or agreements made with such Lender. Any determination by the Administrative Agent
that a Lender is a Defaulting Lender under any one or more of clauses (a) through (d) above, and of the
effective date of such status, shall be conclusive and binding absent manifest error, and such Lender shall be deemed to be a Defaulting
Lender (subject to Section 2.12(b)) as of the date established therefor by the Administrative Agent in a written notice
of such determination, which shall be delivered by the Administrative Agent to the Company and each Lender promptly following such
determination.


 






    	 	10	 



     


    

 


“Designated
Jurisdiction” means any country or territory to the extent that such country or territory itself is the subject of any
Sanctions.


 


“Disposition”
or “Dispose” means the sale, transfer, license (excluding any license of intellectual property in the ordinary
course of business), lease or other disposition (including any sale and leaseback transaction) of any property by any Person, including
any sale, assignment, transfer or other disposal, with or without recourse, of any notes or accounts receivable or any rights and
claims associated therewith but excluding any (a) equity issuances, or (b) dividends or distributions to any holders
of equity interests.


 


“Dollar”
and “$” mean lawful money of the United States.


 


“Dollar Equivalent”
means, for any amount, at the time of determination thereof, (a) if such amount is expressed in Dollars, such amount and (b) if
such amount is expressed Euro or any currency other than Dollars, the equivalent of such amount in Dollars determined by using
the rate of exchange for the purchase of Dollars with Euros or such other currency last provided (either by publication or otherwise
provided to the Administrative Agent) by the applicable Reuters source on the Business Day (New York City time) immediately preceding
the date of determination or if such service ceases to be available or ceases to provide a rate of exchange for the purchase of
Dollars with Euros or such other currency, as provided by such other publicly available information service which provides that
rate of exchange at such time in place of the applicable Reuters screen chosen by the Administrative Agent in its reasonable discretion,
consistent with then-prevailing market practice (or if such service ceases to be available or ceases to provide such rate of exchange,
the equivalent of such amount in Dollars as determined by the Administrative Agent using any method of determination it deems appropriate
in its reasonable discretion, consistent with then-prevailing market practice).


 


“Dollar Loan” means an
extension of credit by a Lender to the Company under Article II in the form of a Loan denominated in Dollars.


 


“Domestic
Subsidiary” means any Subsidiary that is organized under the laws of any political subdivision of the United States.


 


“Early Opt-in
Election” means, in the case of Loans denominated in Dollars, the occurrence of:


 


(1) (i) a
determination by the Administrative Agent (acting reasonably) or (ii) a notification by the Required Lenders to the Administrative
Agent (with a copy to the Company) that the Required Lenders have determined (acting reasonably) that syndicated credit facilities
denominated in Dollars are being executed at such time, or that include language similar to that contained in Section 3.03
are being executed or amended, as applicable, to incorporate or adopt a new benchmark interest rate to replace the LIBO Rate, and


 


(2) (i) the
election by the Administrative Agent (acting reasonably) or (ii) the election by the Required Lenders (acting reasonably)
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 Company and the Lenders or by the Required Lenders of written notice of such election to the Administrative
Agent.


 






    	 	11	 



     


    

 


“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.


 


“Effective
Date” means the date on which all the conditions precedent in Section 4.01 are satisfied or waived in accordance
with Section 10.01.


 


“Eligible
Assignee” means any Person that meets the requirements to be an assignee under Sections 10.06(b)(iii) and
(v) (subject to such consents, if any, as may be required under Section 10.06(b)(iii)).


 


“End of the
Acceptance Period” has the meaning specified in the Acquisition Agreement (as in effect on the date hereof).


 


“Equity Securities”
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) and any and all warrants, rights or options to
purchase any of the foregoing.


 


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


 


“ERISA Affiliate”
means any trade or business (whether or not incorporated) under common control with the Company within the meaning of Section 414(b) or
(c) of the Code (and Sections 414(m) and (o) of the Code for purposes of provisions relating to Section 412
of the Code).


 


“ERISA Event”
means (a) a Reportable Event with respect to a Pension Plan; (b) a withdrawal by the Company or any ERISA Affiliate from
a Pension Plan subject to Section 4063 of ERISA during a plan year in which it was a substantial employer (as defined in Section 4001(a)(2) of
ERISA) or a cessation of operations that is treated as such a withdrawal under Section 4062(e) of ERISA; (c) a complete
or partial withdrawal by the Company or any ERISA Affiliate from a Multiemployer Plan or a determination that a Multiemployer Plan
is or is expected to be in “critical” status (within the meaning of Section 432 of the Code or Section 305
of ERISA); (d) the filing of a notice of intent to terminate, the treatment of a Plan amendment as a termination under Section 4041
or 4041A of ERISA, or the commencement of proceedings by the PBGC to terminate a Pension Plan or Multiemployer Plan; (e) an
event or condition which constitutes grounds under Section 4042 of ERISA for the termination of, or the appointment of a trustee
to administer, any Pension Plan or Multiemployer Plan; or (f) the imposition of any liability under Title IV of ERISA, other
than for PBGC premiums due but not delinquent under Section 4007 of ERISA, upon the Company or any ERISA Affiliate.


 






    	 	12	 



     


    

 


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


 


“EURIBO Interpolated
Rate” means, at any time, with respect to any Eurocurrency Borrowing denominated in Euros and for any Interest Period,
the rate per annum (rounded to the same number of decimal places as the EURIBO Screen Rate) determined by the Administrative Agent
(which determination shall be conclusive and binding absent manifest error) to be equal to the rate that results from interpolating
on a linear basis between: (a) the EURIBO Screen Rate for the longest period (for which the EURIBO Screen Rate is available
for Euros) that is shorter than the Impacted EURIBO Rate Interest Period; and (b) the EURIBO Screen Rate for the shortest
period (for which the EURIBO Screen Rate is available for Euros) that exceeds the Impacted EURIBO Rate Interest Period, in each
case, at such time; provided that, if any EURIBO Interpolated Rate shall be less than zero, such rate shall be deemed to be zero
for the purposes of this Agreement.


 


“EURIBO Rate”
means, with respect to any Eurocurrency Borrowing denominated in Euros and for any Interest Period, the EURIBO Screen Rate at approximately
11:00 a.m., Brussels time, two TARGET days prior to the commencement of such Interest Period; provided that, if the EURIBO Screen
Rate shall not be available at such time for such Interest Period (an “Impacted EURIBO Rate Interest Period”)
with respect to Euros then the EURIBO Rate shall be the EURIBO Interpolated Rate.


 


“EURIBO Screen
Rate” means, for any day and time, with respect to any Eurocurrency Borrowing denominated in Euros and for any Interest
Period, the euro interbank offered rate administered by the European Money Markets Institute (or any other person which takes over
the administration of such rate) for Euros for the relevant period displayed on page EURIBOR01 of the Reuters screen (or any
replacement Reuters page which displays that rate) or on the appropriate page of such other information service which
publishes that rate from time to time in place of Reuters. If such page or service ceases to be available, the Administrative
Agent may reasonably (and in a manner consistent with then-prevailing market practice) specify another page or service displaying
the relevant rate after consultation with the Company. If the EURIBO Screen Rate as so determined would be less than zero, such
rate shall be deemed to be zero for the purposes of this Agreement.


 


“Euro” means the single
currency of Participating Member States introduced in accordance with the provisions of Article 109(1)4 of the Treaty on the
Functioning of the European Union and, in respect of all payments to be made under this Agreement in Euro, means immediately available,
freely transferable funds.


 


“Euro Loan” means an
extension of credit by a Lender to the Company under Article II in the form of a Loan denominated in Euros.


 


“Euro Equivalent”
means, for any amount, at the time of determination thereof, (a) if such amount is expressed in Euros, such amount and (b) if
such amount is expressed in Dollars or such currency other than Euros, the equivalent of such amount in Euros determined by using
the rate of exchange for the purchase of Euros with Dollars or such other currency last provided (either by publication or otherwise
provided to the Administrative Agent) by the applicable Reuters source on the Business Day (New York City time) immediately preceding
the date of determination or if such service ceases to be available or ceases to provide a rate of exchange for the purchase of
Euros with Dollars or such other currency, as provided by such other publicly available information service which provides that
rate of exchange at such time in place of the applicable Reuters source chosen by the Administrative Agent in its reasonable discretion,
consistent with then-prevailing market practice (or if such service ceases to be available or ceases to provide such rate of exchange,
the equivalent of such amount as determined by the Administrative Agent using any method of determination it deems appropriate
in its reasonable discretion, consistent with then-prevailing market practice); provided that, for the purposes of Section 2.01,
the rate of exchange shall be determined on the date the Loan Notice is delivered.


 






    	 	13	 



     


    

 


“Eurocurrency”
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 LIBO Rate or the EURIBO Rate.


 


“Eurocurrency
Rate Loan” means (i) a Euro Loan that bears interest at a rate based on the definition of “EURIBO Rate”
or (ii) a Dollar Loan that bears interest at a rate based on the definition of “LIBO Rate.” All Loans that are
Eurocurrency Rate Loans must be denominated in Euros or Dollars, as applicable.


 


“Event of
Default” has the meaning specified in Section 8.01.


 


“Exchange
Act” means the Securities Exchange Act of 1934.


 


“Excluded
Taxes” means any of the following Taxes imposed on or with respect to any Recipient or required to be withheld or deducted
from a payment to a Recipient, (a) Taxes imposed on or measured by net income (however denominated), franchise Taxes, and
branch profits Taxes, in each case, (i) imposed as a result of such Recipient being organized under the laws of, or having
its principal office or, in the case of any Lender, its Lending Office located in, the jurisdiction imposing such Tax (or any political
subdivision thereof) or (ii) that are Other Connection Taxes, (b) in the case of a Lender, U.S. federal withholding Taxes
imposed on amounts payable to or for the account of such Lender with respect to an applicable interest in a Loan or Commitment
pursuant to a law in effect on the date on which (i) such Lender becomes a party hereto or acquires such interest in the Loan
or Commitment (other than pursuant to an assignment request by the Company under Section 10.13) or (ii) such Lender
changes its Lending Office, except in each case to the extent that, pursuant to Section 3.01(a) or (c),
amounts with respect to such Taxes were payable either to such Lender’s assignor immediately before such Lender became a
party hereto or to such Lender immediately before it changed its Lending Office, (c) Taxes attributable to such Recipient’s
failure or inability to comply with Section 3.01(f), and (d) any U.S. federal withholding Taxes imposed pursuant
to FATCA.


 


“Existing
Revolving Credit Agreement” means that certain Revolving Credit Agreement dated as of July 1, 2016 (as amended
from time to time) among the Company, certain Subsidiaries of the Company from time to time party thereto, Bank of America, as
administrative agent, and the lenders party thereto, and any replacements, refinancings, refundings, renewals or extensions thereof.


 


“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) and any current or future regulations or official interpretations thereof
and any agreements entered into pursuant to Section 1471(b)(1) of the Code and any law, regulation, rule, promulgation,
or official agreement adopted pursuant to any intergovernmental agreement entered into in connection with the implementation of
such Sections of the Code, regulations or interpretations.


 






    	 	14	 



     


    

 


“Federal Funds
Effective Rate” means, for any day, the rate calculated by the NYFRB based on such day’s federal funds transactions
by depositary institutions, as determined in such manner as shall be set forth on the Federal Reserve Bank of New York’s
Website from time to time, and published on the next succeeding Business Day by the NYFRB as the effective federal funds rate;
provided that (a) if the Federal Funds Effective Rate as so determined would be less than zero, such rate shall be
deemed to be zero for the purposes of this Agreement and (b) if no such rate is so published on such next succeeding Business
Day, the Federal Funds Effective Rate for such day shall be the average rate (rounded upward, if necessary, to a whole multiple
of 1/100 of 1%) charged to the Administrative Agent on such day on such transactions as determined by the Administrative Agent.


 


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


 


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


 


“Fee Letter”
means the letter agreement, dated March 3, 2020, among the Company and JPMCB related to this Agreement.


 


“Foreign Lender”
means a Lender that is not a U.S. Person. For purposes of this definition, the United States, each state thereof and the District
of Columbia shall be deemed to constitute a single jurisdiction.


 


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


 


“FRB”
means the Board of Governors of the Federal Reserve System of the United States.


 


“Fund”
means any Person (other than a natural person) that is (or will be) engaged in making, purchasing, holding or otherwise investing
in commercial loans and similar extensions of credit in the ordinary course of its business.


 


“Funding Date”
has the meaning specified in Section 2.01.


 


“GAAP”
means generally accepted accounting principles in the United States set forth in the FASB Accounting Standards Codification or
such other principles as may be approved by a significant segment of the accounting profession in the United States, that are applicable
to the circumstances as of the date of determination, consistently applied.


 


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


 


“Guarantee”
means, as to any Person, (a) any obligation, contingent or otherwise, of such Person guaranteeing or having the economic effect
of guaranteeing any Indebtedness payable or performable by another Person (the “primary obligor”) in any manner, whether
directly or indirectly, and including any obligation of such Person, direct or indirect, (i) to purchase or pay (or advance
or supply funds for the purchase or payment of) such Indebtedness or other obligation, (ii) to purchase or lease property,
securities or services for the purpose of assuring the obligee in respect of such Indebtedness or other obligation of the payment
or performance of such Indebtedness or other obligation, (iii) to maintain working capital, equity capital or any other financial
statement condition or liquidity or level of income or cash flow of the primary obligor so as to enable the primary obligor to
pay such Indebtedness or other obligation, or (iv) entered into for the purpose of assuring in any other manner the obligee
in respect of such Indebtedness or other obligation of the payment or performance thereof or to protect such obligee against loss
in respect thereof (in whole or in part) or (b) any Lien on any assets of such Person securing any Indebtedness of any other
Person, whether or not such Indebtedness is assumed by such Person. The amount of any Guarantee of any guaranteeing person shall
be deemed to be the lower of (1) an amount equal to the stated or determinable amount of the primary obligation in respect
of which such Guarantee is made and (2) the maximum amount for which such guaranteeing person may be liable pursuant to the
terms of the instrument embodying such Guarantee, unless such primary obligation and the maximum amount for which such guaranteeing
person may be liable are not stated or determinable, in which case the amount of such Guarantee shall be such guaranteeing person’s
maximum reasonably anticipated liability in respect thereof as determined by the Company in good faith. The term “Guarantee”
as a verb has a corresponding meaning.


 






    	 	15	 



     


    

 



 


“Impacted
EURIBO Rate Interest Period” has the meaning specified in the definition of “EURIBO Rate.”


 


“Impacted
LIBO Rate Interest Period” has the meaning assigned to such term in the definition of “LIBO Rate.”


 


“Indebtedness”
of any Person at any date, without duplication, (a) all indebtedness of such Person for borrowed money, (b) all obligations
of such Person for the deferred purchase price of property or services (excluding accounts payable and accrued expenses), (c) all
obligations of such Person evidenced by notes, bonds, debentures or other similar instruments, (d) all indebtedness created
or arising under any conditional sale or other title retention agreement with respect to property acquired by such Person (even
though the rights and remedies of the seller or lender under such agreement in the event of default are limited to repossession
or sale of such property), (e) all Capital Lease Obligations of such Person, (f) all obligations of such Person, contingent
or otherwise, as an account party or applicant under or in respect of bankers’ acceptances, (g) all reimbursement obligations
of such Person in respect of drawings or payments made under letters of credit, surety or performance bonds or other similar arrangements
that are not satisfied within three Business Days following the date of receipt by such Person of notice of such drawing or payment,
(h) the liquidation value of all mandatorily redeemable preferred capital stock of such Person, (i) all Guarantees of
such Person in respect of obligations of the kind referred to in clauses (a) through (f) and (h) above and (j) all
obligations of the kind referred to in clauses (a) through (i) above secured by any Lien on property (including accounts
and contract rights) owned by such Person, whether or not such Person has assumed or become liable for the payment of such obligation.
It is understood that obligations in respect of a Permitted Securitization shall not constitute Indebtedness. The Indebtedness
of any Person shall include the Indebtedness of any other entity (including any partnership in which such Person is a general partner)
to the extent such Person is liable therefor as a result of such Person’s ownership interest in or other relationship with
such entity, except to the extent the terms of such Indebtedness expressly provide that such Person is not liable therefor.


 


“Indemnified
Taxes” means (a) Taxes, other than Excluded Taxes, imposed on or with respect to any payment made by or on account
of any obligation of the Company under any Loan Document and (b) to the extent not otherwise described in (a), Other Taxes.


 


“Indemnitee”
has the meaning specified in Section 10.04(b).


 


“Information”
has the meaning specified in Section 10.07.


 


“Intangible
Assets” means assets that are considered to be intangible assets under GAAP, including customer lists, goodwill, computer
software, copyrights, trade names, trademarks, patents, franchises, licenses, unamortized deferred charges, unamortized debt discount
and capitalized research and development costs.


 






    	 	16	 



     


    

 


“Interest
Payment Date” means, (a) as to any Loan other than a Base Rate Loan, the last day of each Interest Period applicable
to such Loan and the Maturity Date; provided, however, that if any Interest Period for a Eurocurrency Rate Loan exceeds
three months, the respective dates that fall every three months after the beginning of such Interest Period shall also be Interest
Payment Dates; and (b) as to any Base Rate Loan, the last Business Day of each March, June, September and December and
the Maturity Date.


 


“Interest
Period” means, as to each Eurocurrency Rate Loan, the period commencing on the date such Eurocurrency Rate Loan is disbursed
or converted to or continued as a Eurocurrency Rate Loan and ending on the date one week or one, two (with respect to an Eurocurrency
Borrowing denominated in Dollars only), three or six months thereafter, as selected by the Company in its Loan Notice; provided
that:


 


(a)            any
Interest Period that would otherwise end on a day that is not a Business Day shall be extended to the next succeeding Business
Day unless such Business Day falls in another calendar month, in which case such Interest Period shall end on the next preceding
Business Day;


 


(b)            any
Interest Period that begins on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding
day in the calendar month at the end of such Interest Period) shall end on the last Business Day of the calendar month at the end
of such Interest Period; and


 


(c)            no
Interest Period shall extend beyond the Maturity Date.


 


“IRS”
means the United States Internal Revenue Service.


 


“JPMCB”
means JPMorgan Chase Bank, N.A. and its successors.


 


“Judgment
Currency” has the meaning specified in Section 10.19.


 


“Laws”
means, collectively, all international, foreign, Federal, state and local statutes, treaties, rules, guidelines, regulations, ordinances,
codes and administrative or judicial precedents or authorities, including the interpretation or administration thereof by any Governmental
Authority charged with the enforcement, interpretation or administration thereof, and all applicable administrative orders, directed
duties, requests, licenses, authorizations and permits of, and agreements with, any Governmental Authority, in each case whether
or not having the force of law.


 


“Lender”
has the meaning specified in the introductory paragraph hereto.


 


“Lending Office”
means, as to any Lender, the office or offices of such Lender described as such in such Lender’s Administrative Questionnaire,
or such other office or offices as a Lender may from time to time notify the Company and the Administrative Agent.


 


“LIBO Interpolated
Rate” means, at any time, with respect to any Eurocurrency Borrowing denominated in Dollars and for any Interest Period,
the rate per annum (rounded to the same number of decimal places as the LIBO Screen Rate) determined by the Administrative Agent
(which determination shall be conclusive and binding absent manifest error) to be equal to the rate that results from interpolating
on a linear basis between: (a) the LIBO Screen Rate for the longest period (for which the LIBO Screen Rate is available for
Dollars) that is shorter than the Impacted LIBO Rate Interest Period; and (b) the LIBO Screen Rate for the shortest period
(for which the LIBO Screen Rate is available for Dollars) that exceeds the Impacted LIBO Rate Interest Period, in each case, at
such time; provided that if any LIBO Interpolated Rate shall be less than zero, such rate shall be deemed to be zero for
the purposes of this Agreement.


 



    	 	17	 



     


    

 


“LIBO Rate”
means, with respect to any Eurocurrency Borrowing denominated in Dollars and for any Interest Period, the LIBO Screen Rate at approximately
11:00 a.m., London time, two Business Days prior to the commencement of such Interest Period; provided that if the LIBO Screen
Rate shall not be available at such time for such Interest Period (an “Impacted LIBO Rate Interest Period”) with respect
to Dollars then the LIBO Rate shall be the LIBO Interpolated Rate.


 


“LIBO Screen
Rate” means, for any day and time, with respect to any Eurocurrency Borrowing denominated in Dollars and for any Interest
Period, the London interbank offered rate as administered by ICE Benchmark Administration (or any other Person that takes over
the administration of such rate) for Dollars for a period equal in length to such Interest Period as displayed on such day and
time on pages LIBOR01 or LIBOR02 of the Reuters screen that displays such rate (or, in the event such rate does not appear
on a Reuters page or screen, on any successor or substitute page on such screen that displays such rate, or on the appropriate
page of such other information service that publishes such rate from time to time as selected by the Administrative Agent
in its reasonable discretion); provided that if the LIBO Screen Rate as so determined would be less than zero, such rate shall
be deemed to be zero for the purposes of this Agreement.


 


“Lien”
means any mortgage, pledge, hypothecation, assignment, deposit arrangement, encumbrance, lien (statutory or other), charge, or
other security interest or similar preferential arrangement in the nature of a security interest 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 financing lease having substantially the same economic effect as any of the foregoing).


 


“Loan”
has the meaning specified in Section 2.01.


 


“Loan Documents”
means this Agreement, each Note and the Fee Letter.


 


“Loan Notice”
means a notice of (a) a Borrowing or (b) a continuation of Eurocurrency Rate Loans, pursuant to Section 2.02(a),
which, if in writing, shall be substantially in the form of Exhibit A.


 


“London Banking
Day” means any day on which dealings in Dollar deposits are conducted by and between banks in the London interbank eurodollar
market.


 


“Long Stop
Date” means the date that is twelve (12) months after the End of the Acceptance Period.


 


“Majority
Arrangers” means, as of the date of determination, Arrangers holding, as of such date, more than 50% of the Total Credit
Exposure held by all Arrangers as of such date.


 


“Margin Stock”
has the meaning set forth in Regulation U issued by the FRB.


 


“Master Agreement”
has the meaning specified in the definition of Swap Contract.


 


“Material
Adverse Effect” means (a) a material adverse effect upon the business, assets, liabilities (actual or contingent),
operations or financial condition of the Company and its Subsidiaries, taken as a whole; or (b) a material adverse effect
upon the rights of or remedies available to the Administrative Agent or the Lenders against the Company under the Loan Documents,
taken as a whole.


 






    	 	18	 



     


    

 


“Material
Subsidiary” means, as of any date of determination, any Subsidiary of the Company (a) whose revenues are greater
than 10% of the consolidated revenues of the Company and its Subsidiaries for the most recent fiscal year of the Company for which
financial statements are available or (b) the book value of whose assets is greater than 10% of the book value of the total
consolidated assets of the Company and its Subsidiaries as of the end of such fiscal year, in each case determined in accordance
with GAAP.


 


“Maturity
Date” means the date that is one year after the Closing Date; provided, however, that if such date is not
a Business Day, the Maturity Date shall be the next preceding Business Day.


 


“Maximum Rate”
has the meaning specified in Section 10.09.


 


“Moody’s”
means Moody’s Investors Service, Inc. and any successor thereto.


 


“Multiemployer
Plan” means any employee benefit plan described in Section 4001(a)(3) of ERISA, to which the Company or any
ERISA Affiliate makes or is obligated to make contributions, or during the preceding five plan years, has made or been obligated
to make contributions.


 


“Non-Consenting
Lender” means any Lender that does not approve any consent, waiver or amendment that (a) requires the approval of
all Lenders or all affected Lenders in accordance with the terms of Section 10.01 and (b) has been approved by
the Required Lenders.


 


“Non-Defaulting
Lender” means, at any time, each Lender that is not a Defaulting Lender at such time.


 


“Note”
means a promissory note made by the Company in favor of a Lender evidencing Loans made by such Lender to the Company, substantially
in the form of Exhibit B.


 


“NYFRB” means the Federal
Reserve Bank of New York.


 


“NYFRB Rate”
means, for any day, the greater of (a) the Federal Funds Effective Rate in effect on such day and (b) the Overnight Bank
Funding Rate in effect on such day (or for any day that is not a Business Day, for the immediately preceding Business Day); provided
that if none of such rates are published for any day that is a Business Day, the term “NYFRB Rate” means the rate for
a federal funds transaction quoted at 11:00 a.m. on such day received by the Administrative Agent from a federal funds broker
of recognized standing selected by it; provided, further, that if any of the aforesaid rates as so determined be less than
zero, such rate shall be deemed to be zero for purposes of this Agreement.


 


“Obligations”
means all advances to, and debts, liabilities, obligations, covenants and duties of, the Company arising under any Loan Document
or otherwise with respect to any Loan, whether direct or indirect (including those acquired by assumption), absolute or contingent,
due or to become due, now existing or hereafter arising and including interest and fees that accrue after the commencement by or
against the Company or any Affiliate thereof of any proceeding under any Debtor Relief Laws naming such Person as the debtor in
such proceeding, regardless of whether such interest and fees are allowed claims in such proceeding.


 


“Offer”
has the meaning specified in the Acquisition Agreement (as in effect on the date hereof).


 


“Offer Documents”
has the meaning specified in the Acquisition Agreement (as in effect on the date hereof).


 






    	 	19	 



     


    

 


“Organization
Documents” means, (a) with respect to any corporation, the certificate or articles of incorporation and the bylaws
(or equivalent or comparable constitutive documents with respect to any non-U.S. jurisdiction); (b) with respect to any limited
liability company, the certificate or articles of formation or organization and operating agreement; and (c) with respect
to any partnership, joint venture, trust or other form of business entity, the partnership, joint venture or other applicable agreement
of formation or organization and any agreement, instrument, filing or notice with respect thereto filed in connection with its
formation or organization with the applicable Governmental Authority in the jurisdiction of its formation or organization and,
if applicable, any certificate or articles of formation or organization of such entity.


 


“Other Connection
Taxes” means, with respect to any Recipient, Taxes imposed as a result of a present or former connection between such
Recipient and the jurisdiction imposing such Tax (other than connections arising from such Recipient having executed, delivered,
become a party to, performed its obligations under, received payments under, received or perfected a security interest under, 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 all present or future recording, stamp or documentary taxes or any other excise, transfer, sales or property taxes, charges
or similar levies arising from any payment made hereunder or under any other Loan Document or from the execution, delivery or enforcement
of, or otherwise with respect to, this Agreement or any other Loan Document including any interest, additions to tax or penalties
applicable thereto, excluding (other than an assignment pursuant to a request by the Company under Section 10.13),
in each case, such amounts that result from an Assignment and Assumption, grant of a participation, transfer or designation of
a new applicable Lending Office or other office for receiving payments under any Loan Document and Excluded Taxes.


 


“Outstanding
Amount” means, on any date, the aggregate outstanding principal amount of Loans after giving effect to any Borrowings
and prepayments or repayments of such Loans occurring on such date.


 


“Overnight
Bank Funding Rate” means, for any day, (a) with respect to amounts denominated in Dollars, the rate comprised of
both overnight federal funds and overnight Eurocurrency borrowings by U.S.-managed banking offices of depository institutions,
as such composite rate shall be determined by the NYFRB as set forth on the Federal Reserve Bank of New York’s Website from
time to time, and published on the next succeeding Business Day by the NYFRB as an overnight bank funding rate and (b) with
respect to amounts denominated in Euro, the rate of interest per annum at which overnight deposits in Euro, 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 the Administrative Agent in the applicable offshore interbank market for such currency to major banks in such interbank market.


 


“Participant”
has the meaning specified in Section 10.06(d).


 


“Participant
Register” has the meaning specified in Section 10.06(d).


 


“Participating Member State”
means each state so described in any European Monetary Union legislation.


 


“PBGC”
means the Pension Benefit Guaranty Corporation.


 


“Pension Plan”
means any “employee pension benefit plan” (as such term is defined in Section 3(2) of ERISA), other than
a Multiemployer Plan, that is subject to Title IV of ERISA and is sponsored or maintained by the Company or any ERISA Affiliate
or to which the Company or any ERISA Affiliate contributes or has an obligation to contribute, or in the case of a multiple employer
or other plan described in Section 4064(a) of ERISA, has made contributions at any time during the immediately preceding
five plan years.


 



    	 	20	 



     


    

 


“Permitted
Securitization” means any Securitization Transaction, provided that the aggregate amount of the financing represented
by such transactions at any one time outstanding does not exceed $400,000,000.


 


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


 


“Plan”
means any “employee benefit plan” (as such term is defined in Section 3(3) of ERISA) established by the Company
or, with respect to any such plan that is subject to Section 412 of the Code or Title IV of ERISA, any ERISA Affiliate.


 


“Platform”
has the meaning specified in Section 6.02.


 


“Prime Rate”
means 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 determined by the Administrative Agent, acting reasonably and in a manner consistent
with then-prevailing market practice) or any similar release by the Federal Reserve Board (as determined by the Administrative
Agent). Each change in the Prime Rate shall be effective from and including the date such change is publicly announced or quoted
as being effective.


 


“Pro Forma
Basis” means, with respect to compliance with any covenant hereunder, compliance with such covenant after giving effect
to the Acquisition or any other acquisition, any asset sale of a Subsidiary or operating entity for which historical financial
statements for the relevant period are available or any incurrence of Indebtedness (including pro forma adjustments arising out
of events which are directly attributable to such acquisition, asset sale or any incurrence of Indebtedness, are factually supportable
and are expected to have a continuing impact, in each case as determined on a basis consistent with Article 11 of Regulation
S-X of the Securities Act, as interpreted by the SEC, and such other adjustments as are reasonably satisfactory to the Administrative
Agent, in each case as certified by the chief financial officer of the Company) using, for purposes of determining such compliance,
the historical financial statements of all entities or assets so acquired or sold and the consolidated financial statements of
the Company and its Subsidiaries, which shall be reformulated as if such acquisition or asset sale, and all other acquisitions
or asset sales that have been consummated during the period, and any Indebtedness or other liabilities to be incurred or repaid
in connection therewith had been consummated and incurred or repaid at the beginning of such period.


 


“PTE”
means 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 Lender”
has the meaning specified in Section 6.02.


 


“Qualified
Acquisition” means a transaction permitted under this Agreement and consummated on or after the Closing Date, by which
the Company or any of its Subsidiaries (i) acquires any going concern or business or all or substantially all of the assets
of any firm, corporation or limited liability company, or division thereof, whether through purchase of assets, merger or otherwise
or (ii) directly or indirectly acquires at least a majority (in number of votes) of the Equity Securities of a person if the
aggregate amount of Indebtedness incurred by the Company and its Subsidiaries to finance the purchase price and other consideration
for such transaction, plus the amount of Indebtedness assumed by the Company and its Subsidiaries in connection with such transaction,
is at least $3,000,000,000 of Indebtedness.


 



    	 	21	 



     


    

 


“Rating Agency”
means either of S&P or Moody’s.


 


“Recipient”
means the Administrative Agent, any Lender or any other recipient of any payment to be made by or on account of any obligation
of the Company hereunder.


 


“Register”
has the meaning specified in Section 10.06(c).


 


“Registered
Public Accounting Firm” has the meaning specified in the Securities Laws and shall be independent of the Company as prescribed
by the Securities Laws.


 


“Related Parties”
means, with respect to any Person, such Person’s Affiliates and the partners, officers, employees, agents, trustees, administrators,
managers, advisors and representatives of such Person and of such Person’s Affiliates.


 


“Relevant
Governmental Body” means, (i) with respect to a Benchmark Replacement in respect of Loans denominated in Dollars,
the Federal Reserve Board and/or the NYFRB, or a committee officially endorsed or convened by the Federal Reserve Board and/or
the NYFRB or, in each case, any successor thereto and (ii) with respect to a Benchmark Replacement in respect of Loans denominated
in Euros, the European Central Bank or a committee officially endorsed or convened by the European Central Bank or any successor
thereto.


 


“Relevant
Rate” means (i) with respect to any Eurocurrency Borrowing denominated in Dollars, the LIBO Rate or (ii) with
respect to any Eurocurrency Borrowing denominated in Euros, the EURIBO Rate, as applicable.


 


“Relevant
Screen Rate” means (i) with respect to any Eurocurrency Borrowing denominated in Dollars, the LIBO Screen Rate or
(ii) with respect to any Eurocurrency Borrowing denominated in Euros, the EURIBO Screen Rate, as applicable.


 


“Reportable
Event” means any of the events set forth in Section 4043(c) of ERISA, other than events for which the 30 day
notice period has been waived.


 


“Request for
Borrowing” means with respect to a Borrowing, conversion or continuation of Loans, a Loan Notice.


 


“Required
Lenders” means, at any time, Lenders having Total Credit Exposures representing more than 50% of the Total Credit Exposures
of all Lenders. The Total Credit Exposure of any Defaulting Lender shall be disregarded in determining Required Lenders at any
time.


 


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


 


“Responsible
Officer” means, with respect to any Person, the chief executive officer, president, chief financial officer, treasurer
or any senior vice president of such Person and, solely for the purposes of notices given pursuant to Article II, any other
officer or employee of the Company so designated by any of the foregoing officers in a notice to the Administrative Agent or any
other officer or employee of the Company designated in or pursuant to an agreement between the Company and the Administrative Agent.
Any document delivered hereunder that is signed by a Responsible Officer of such Person shall be conclusively presumed to have
been authorized by all necessary corporate, partnership and/or other action on the part of such Person and such Responsible Officer
shall be conclusively presumed to have acted on behalf of such Person.


 



    	 	22	 



     


    

 


“Restricted
Margin Stock” means Margin Stock owned by the Company or any of its Subsidiaries which represents not more than 25% of
the aggregate value (determined in accordance with Regulation U), on a consolidated basis, of the property and assets of the Company
and its Subsidiaries (including any Margin Stock) that is subject to the provisions of Sections 7.01.


 


“Reuters”
means the applicable Thomson Reuters Corp., Refinitiv, or any successor thereto.


 


“S&P”
means Standard & Poor’s Financial Services LLC and any successor thereto.


 


“Same Day
Funds” means immediately available funds.


 


“Sanctioned
Persons Lists” means Specially Designated Nationals List, Foreign Sanctions Evader List, or Sectoral Sanctions Identifications
List, or similar lists maintained by the Office of Foreign Assets Control of the U.S. Department of the Treasury.


 


“Sanctions”
means any international economic sanction administered or enforced by the United States Government (including those administered
by the Office of Foreign Assets Control of the U.S. Department of the Treasury or the U.S. Department of State), the United Nations
Security Council, the European Union, Her Majesty’s Treasury or other relevant sanctions authority.


 


“Sarbanes-Oxley”
means the Sarbanes-Oxley Act of 2002.


 


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


 


“Securities
Act” means the Securities Act of 1933.


 


“Securities
Laws” means the Securities Act, the Exchange Act, Sarbanes-Oxley and the applicable accounting and auditing principles,
rules, standards and practices promulgated, approved or incorporated by the SEC.


 


“Securitization
Transaction” means, with respect to any Person, any financing transaction or series of financing transactions (including
factoring arrangements) pursuant to which such Person or any Subsidiary of such Person may sell, convey or otherwise transfer,
or grant a security interest in, accounts, payments, receivables, rights to future lease payments or residuals or similar rights
to payment to a special purpose subsidiary or affiliate of such Person.


 


“Settlement
Agent” means American Stock Transfer & Trust Company, Deutsche Bank Aktiengesellschaft and/or any of their respective
Affiliates.


 


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


 


“SOFR-Based
Rate” means SOFR, Compounded SOFR or Term SOFR.


 






    	 	23	 



     


    

 


“Specified
Representations” means the representations and warranties of the Company contained in Section 5.01(a) (with
respect to the Company only), Section 5.01(b)(ii), 5.02(a), 5.04, 5.07(a) (but only the first
sentence thereof), 5.07(b) and 5.10 (but solely as and to the extent set forth in the fourth sentence of Section 5.10(a) and
the second sentence of Section 5.10(b)).


 


“Subsidiary”
of a Person means a corporation, partnership, joint venture, limited liability company or other business entity which is consolidated
with such Person under GAAP. Unless otherwise specified, all references herein to a “Subsidiary” or to “Subsidiaries”
shall refer to a Subsidiary or Subsidiaries of the Company.


 


“Swap Contract”
means (a) any and all rate swap transactions, basis swaps, credit derivative transactions, forward rate transactions, commodity
swaps, commodity options, forward commodity contracts, equity or equity index swaps or options, bond or bond price or bond index
swaps or options or forward bond or forward bond price or forward bond index transactions, interest rate options, forward foreign
exchange transactions, cap transactions, floor transactions, collar transactions, currency swap transactions, cross-currency rate
swap transactions, currency options, spot contracts, or any other similar transactions or any combination of any of the foregoing
(including any options to enter into any of the foregoing), whether or not any such transaction is governed by or subject to any
master agreement, and (b) any and all transactions of any kind, and the related confirmations, which are subject to the terms
and conditions of, or governed by, any form of master agreement published by the International Swaps and Derivatives Association, Inc.,
any International Foreign Exchange Master Agreement, or any other master agreement relating to any of the foregoing (any such master
agreement, together with any related schedules, a “Master Agreement”), including any such obligations or liabilities
under any Master Agreement.


 


“Swap Termination
Value” means, in respect of any one or more Swap Contracts, after taking into account the effect of any legally enforceable
netting agreement relating to such Swap Contracts, (a) for any date on or after the date such Swap Contracts have been closed
out and termination value(s) determined in accordance therewith, such termination value(s), and (b) for any date prior
to the date referenced in clause (a), the amount(s) determined as the mark-to-market value(s) for such Swap Contracts,
as determined based upon one or more mid-market or other readily available quotations provided by any recognized dealer in such
Swap Contracts (which may include a Lender or any Affiliate of a Lender).


 


“Target”
means QIAGEN N.V., an Dutch entity.


 


“Taxes”
means all present or future taxes, levies, imposts, duties, deductions, withholdings (including backup withholding), assessments,
fees or other charges in the nature of taxes imposed by any Governmental Authority, including any interest, additions to tax or
penalties applicable thereto.


 


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


 


“Threshold
Amount” means $500,000,000.


 


“Threshold
Indebtedness” has the meaning specified in Section 8.01(e).


 


“Total Credit
Exposure” means, as to any Lender at any time, the unused Commitments and Credit Exposure of such Lender at such time.


 






    	 	24	 



     


    

 


“Transactions”
means the Acquisition, the transactions contemplated by the Loan Documents and the other transactions described in the Acquisition
Documents (including the refinancing or certain Indebtedness of the Target and its Subsidiaries and the payment of fees, costs
and expenses in connection with the Acquisition).


 


“Type”
means, 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 EURIBO Rate or the Base Rate.


 


“UK 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.


 


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


 


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


 


“Undisclosed
Administration” means, with respect to a Lender that is the subject of home jurisdiction supervision by the Dutch Central
Bank (De Nederlandsche Bank N.V.) under the Dutch Financial Supervision Act (Wet op het financieel toezicht, “Wft”),
an undisclosed administration (stille curatele) applicable to, and imposed on, such Lender by the Dutch Central Bank (De Nederlandsche
Bank N.V.) under or based on section 1:76 of the Dutch Financial Supervision Act (Wet op het financieel toezicht, “Wft”),
as to and in relation to which the Dutch Central Bank (De Nederlandsche Bank N.V.) has not publicly disclosed the appointment of
a custodian (curator) with regard to such Lender.


 


“United States”
and “U.S.” mean the United States of America.


 


“Unrestricted
Margin Stock” means any Margin Stock owned by the Company or any of its Subsidiaries which is not Restricted Margin Stock.


 


“U.S. Person”
means any Person that is a “United States Person” as defined in Section 7701(a)(30) of the Code.


 


“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 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.


 


“Zero Commitment
Date” means the date upon which all of the Commitments have been funded or terminated in accordance with the terms hereof.


 



    	 	25	 



     


    

 


1.02       Other
Interpretive Provisions. With reference to this Agreement and each other Loan Document, unless otherwise specified herein
or in such other Loan Document:


 


(a)            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, (i) any definition of or reference to any agreement, instrument or other document (including
any Organization Document) shall be construed as referring to such agreement, instrument or other document as from time to time
amended, supplemented or otherwise modified (subject to any restrictions on such amendments, supplements or modifications set forth
herein or in any other Loan Document), (ii) any reference herein to any Person shall be construed to include such Person’s
successors and assigns, (iii) 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 thereof, (iv) all references in a Loan Document to Articles, Sections, Exhibits and Schedules
shall be construed to refer to Articles and Sections of, and Exhibits and Schedules to, the Loan Document in which such references
appear, (v) any reference to any law shall include all statutory and regulatory provisions consolidating, amending, replacing
or interpreting such law and any reference to any law or regulation shall, unless otherwise specified, refer to such law or regulation
as amended, modified or supplemented from time to time, and (vi) the words “asset” and “property”
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.


 


(b)            In
the computation of periods of time from a specified date to a later specified date, the word “from” means “from
and including;” the words “to” and “until” each mean “to but excluding;”
and the word “through” means “to and including.”


 


(c)            Section headings
herein and in the other Loan Documents are included for convenience of reference only and shall not affect the interpretation of
this Agreement or any other Loan Document.


 


1.03       Accounting
Terms


 


(a)            Generally.
All accounting terms not specifically or completely defined herein shall be construed in conformity with, and all financial data
(including financial ratios and other financial calculations) required to be submitted pursuant to this Agreement shall be prepared
in conformity with, GAAP applied on a consistent basis, as in effect from time to time, applied in a manner consistent with that
used in preparing the Audited Financial Statements, except as otherwise specifically prescribed herein (it being agreed
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 Company
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).


 



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(b)            Changes
in GAAP. If at any time any material change in GAAP would affect the computation of any financial ratio or requirement set
forth in any Loan Document, and either the Company or the Required Lenders shall so request, the Administrative Agent, the Lenders
and the Company shall negotiate in good faith to amend such ratio or requirement to preserve the original intent thereof in light
of such change in GAAP (subject to the approval of the Required Lenders); provided that, until so amended, (i) such
ratio or requirement shall continue to be computed in accordance with GAAP prior to such change therein and (ii) the Company
shall provide to the Administrative Agent and the Lenders financial statements and other documents required under this Agreement
or as reasonably requested hereunder setting forth a reconciliation between calculations of such ratio or requirement made before
and after giving effect to such change in GAAP.


 


1.04       Rounding.
Any financial ratios required to be maintained by the Company pursuant to 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 if there is no nearest number).


 


1.05       Times
of Day. Unless otherwise specified, all references herein to times of day shall be references to Eastern time (daylight or
standard, as applicable).


 


1.06       Interest
Rates; LIBOR and EURIBOR Notification. The interest rate on a Loan denominated in Dollars or Euros may be derived from an
interest rate benchmark that is, or may in the future become, the subject of regulatory reform. Regulators have signaled the need
to use alternative benchmark reference rates for some of these interest rate benchmarks and, as a result, such interest rate benchmarks
may cease to comply with applicable laws and regulations, may be permanently discontinued, and/or the basis on which they are
calculated may change. The Administrative Agent will promptly notify the Company, pursuant to Section 3.03, of any
change to the reference rate upon which the interest rate on Eurocurrency Rate Loans is based. Upon the occurrence of a Benchmark
Transition Event or an Early Opt-in Election, Section 3.03(b) provides a mechanism for determining an alternative rate
of interest. The Administrative Agent will promptly notify the Company, pursuant to Section 3.03(d), of any change to the
reference rate upon which the interest rate on Eurocurrency Rate Loans is based. However, the Administrative Agent does not warrant
or accept any responsibility for, and shall not have any liability with respect to, the administration, submission or any other
matter related to the rates in the definition of “LIBOR Rate” or “EURIBO Rate”, as applicable, or with
respect to any alternative or successor rate thereto, or replacement rate thereof (including, without limitation, (i) any
such alternative, successor or replacement rate implemented pursuant to Section 3.03(b), upon the occurrence of a Benchmark
Transition Event or an Early Opt-in Election, and (ii) the implementation of any Benchmark Replacement Conforming Changes
pursuant to Section 3.03(c)), including without limitation, whether the composition or characteristics of any such alternative,
successor or replacement reference rate will be similar to, or produce the same value or economic equivalence of, the LIBO Rate
or EURIBO Rate, as applicable, or have the same volume or liquidity as did the London interbank offered rate or euro interbank
offered rate, as applicable, prior to its discontinuance or unavailability.


 






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ARTICLE II.


 


THE
COMMITMENTS AND CREDIT EXTENSIONS


 


2.01       Loans.
Subject only to the conditions set forth in (in the case of the drawing of Loans on the Closing Date) Section 4.02
or (in the case of the subsequent Funding Date) Section 4.03, each Lender severally agrees to make loans (each such
loan, a “Loan”) to the Company in Dollars and/or Euros in up to two drawings as follows (i) one drawing
may be made on the Closing Date and (ii) an additional drawing may be made at any time on or prior to the date that is 120
days after the Closing Date (the date of each such drawing (including, for the avoidance of doubt, the Closing Date), a “Funding
Date”), in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s Commitment. Loans
borrowed under this Section 2.01 and prepaid or repaid may not be reborrowed. For the avoidance of doubt, the drawing on
each Funding Date shall, at the Company’s option, be made entirely in Dollars, entirely in Euros, or partially in Dollars
and partially in Euros. Loans may be Base Rate or Eurocurrency Rate Loans, provided that Loans denominated in Euros shall
be Eurocurrency Rate Loans, except as otherwise provided in Section 3.02 and Section 3.03. In determining
the amount of any outstanding Commitments that remain available to be drawn after the Closing Date, any Loans made on the Closing
Date that are denominated in Dollars shall reduce the relevant Commitments in an amount equal to the Euro Equivalent of such Loans.


 


2.02       Borrowings
and Continuations of Loans.


 


(a)            Each
Borrowing and each continuation of Eurocurrency Rate Loans shall be made upon the Company’s notice to the Administrative
Agent, which may be given by: (A) telephone or (B) a Loan Notice; provided that any telephonic notice must be
confirmed immediately by delivery to the Administrative Agent of a Loan Notice. Each such Loan Notice must be received by the Administrative
Agent not later than (i) 12:00 noon three Business Days prior to the requested date of any Borrowing of, conversion to or
continuation of Eurocurrency Rate Loans denominated in Dollars or of any conversion of Eurocurrency Rate Loans denominated in Dollars
to Base Rate Loans, (ii) 12:00 noon three Business Days prior to the requested date of any Borrowing of, conversion to or
continuation of Eurocurrency Rate Loans denominated in Euro and (iii) 11:00 a.m. one Business Day prior to the requested
date of any Borrowing of Base Rate Loans. Each telephonic notice by the Company pursuant to this Section 2.02(a) must
be confirmed promptly by delivery to the Administrative Agent of a written Loan Notice, appropriately completed and signed by a
Borrowing Officer. Each Borrowing of or continuation of Eurocurrency Rate Loans shall be in a principal amount of (i) in the
case of Loans denominated in Euro, €10,000,000 or a whole multiple of €1,000,000 in excess thereof (or, if less, the
entire remaining amount of Aggregate Commitments) or (ii) in the case of Loans denominated in Dollars, $10,000,000 or a whole
multiple of $1,000,000 in excess thereof (or, if less, the entire remaining amount of Aggregate Commitments). Each Borrowing of
or conversion to Base Rate Loans shall be in a principal amount of $1,000,000 or a whole multiple of $1,000,000 in excess thereof.
Each Loan Notice (whether telephonic or written) shall specify (i) whether the Company is requesting a Borrowing, a conversion
of Loans from one Type to the other, or a continuation of Eurocurrency Rate Loans, (ii) the requested date of the Borrowing,
conversion or continuation, as the case may be (which shall be a Business Day), (iii) the principal amount of Loans to be
borrowed, converted or continued, (iv) the Type and Class of Loans to be borrowed or to which existing Loans are to be
converted, and (v) if applicable, the duration of the Interest Period with respect thereto. If the Company fails to specify
a Type of Loan in a Loan Notice or if the Company fails to give a timely notice requesting a conversion or continuation, then the
applicable Loans shall be made as, or converted to, Base Rate Loans; provided, however, that in the case of a failure to timely
request a continuation of Euro Loans, such Euro Loans shall be continued as Eurocurrency Rate Loans with an Interest Period of
one month. Any automatic conversion to Base Rate Loans shall be effective as of the last day of the Interest Period then in effect
with respect to the applicable Eurocurrency Rate Loans. If the Company requests a Borrowing of, conversion to, or continuation
of Eurocurrency Rate Loans in any such Loan Notice, but fails to specify an Interest Period, it will be deemed to have specified
an Interest Period of one month. No Loan may be converted into or continued as a Loan denominated in a different currency, except
as otherwise provided in Section 3.02 and Section 3.03.


 



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(b)            Following
receipt of a Loan Notice, the Administrative Agent shall promptly notify each Lender of the amount of its Applicable Percentage
of the applicable Loans. In the case of a Borrowing, each Lender shall make the amount of its Loan available to the Administrative
Agent in Same Day Funds at the Administrative Agent’s Office not later than 11:00 a.m. Central European Time, on the
Business Day specified in the applicable Loan Notice. Upon satisfaction of the applicable conditions set forth in Section 4.02
and Section 4.03, as applicable, the Administrative Agent shall make all funds so received available to the Company
in like funds as received by the Administrative Agent either by (i) crediting the account of the Company on the books of JPMCB
with the amount of such funds or (ii) wire transfer of such funds, in each case in accordance with instructions provided to
(and reasonably acceptable to) the Administrative Agent by the Company.


 


(c)            Notwithstanding
anything contained herein or otherwise, each Loan Notice may be revoked (or, in the alternative, modified to reduce the aggregate
amount of such requested Borrowing) by the Company (by notice to the Administrative Agent on or prior to 3:00 p.m. New York
City time one Business Day prior to the date designated for such Borrowing in the applicable Loan Notice; provided, that
the Company shall compensate any Lender upon demand in accordance with the provisions of Section 3.05 for any loss,
cost or expense incurred by such Lender as a result of any such revocation or modification of a Loan Notice requesting a Borrowing
on the applicable Funding Date.


 


(d)            The
Administrative Agent shall promptly notify the Company and the Lenders of the interest rate applicable to any Interest Period for
Eurocurrency Rate Loans upon determination of such interest rate. At any time that Base Rate Loans are outstanding, the Administrative
Agent shall notify the Company and the Lenders of any change in JPMCB’s prime rate used in determining the Base Rate promptly
following the public announcement of such change.


 


(e)            After
giving effect to all Borrowings, all conversions of Loans from one Type to the other required under this Agreement, and all continuations
of Loans as the same Type and Class, there shall not be more than ten Interest Periods in effect at any time with respect to Loans.


 


2.03       Voluntary
Prepayments and Reduction of Commitments.


 


(a)            Voluntary
Prepayment of Loans. The Company may, upon notice from the Company to the Administrative Agent, at any time or from time to
time voluntarily prepay Loans of any Class or Type (as directed by the Company) in whole or in part without premium or penalty;
provided that (i) such notice must be received by the Administrative Agent not later than 11:00 a.m. (A) three
Business Days prior to any date of prepayment of Eurocurrency Rate Loans, and (B) on the date of prepayment of Base Rate Loans;
(ii) any prepayment of Eurocurrency Rate Loans shall be in a principal amount of €10,000,000 or a whole multiple of €1,000,000
in excess thereof; and (iii) any prepayment of Base Rate Loans shall be in a principal amount of $1,000,000 or a whole multiple
of $1,000,000 in excess thereof or, in each case, if less, the entire principal amount thereof then outstanding. Each such notice
shall specify the date and amount of such prepayment and the Type(s) and Class of Loans to be prepaid and, if Eurocurrency
Rate Loans are to be prepaid, the Interest Period(s) of such Loans, and subject to Section 3.05, any such notice
may state that it is conditioned upon the occurrence or non-occurrence of any event specified therein (including the effectiveness
of other credit facilities), in which case such notice may be revoked by the Company (by written notice to the Administrative Agent
on or prior to the specified effective date) if such condition is not satisfied. The Administrative Agent will promptly notify
each Lender of its receipt of each such notice, and of the amount of such Lender’s ratable portion of such prepayment (based
on such Lender’s Applicable Percentage). The Company shall make such prepayment and the payment amount specified in such
notice shall be due and payable on the date specified therein. Any prepayment of a Eurocurrency Rate Loan shall be accompanied
by all accrued interest on the amount prepaid, together with any additional amounts required pursuant to Section 3.05.
Subject to Section 2.12, each such prepayment shall be applied to the Loans of the Lenders in accordance with their
respective Applicable Percentages. Amounts prepaid pursuant to this Section 2.03(a) may not be reborrowed.


 



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(b)            Voluntary
Termination or Reduction of Commitments. The Company may, upon notice to the Administrative Agent, terminate the Aggregate
Commitments or from time to time permanently reduce the Aggregate Commitments; provided that (a) any such notice shall
be received by the Administrative Agent not later than 11:00 a.m. three Business Days prior to the date of termination or
reduction (or such shorter period of time as the Administrative Agent may determine); (b) any such partial reduction shall
be in an aggregate amount of €10,000,000 or any whole multiple of €1,000,000 in excess thereof and (c) any such
notice may state that it is conditioned upon the occurrence or non-occurrence of any event specified therein (including the effectiveness
of other credit facilities), in which case such notice may, subject to Section 3.05, be revoked by the Company (by
written notice to the Administrative Agent on or prior to the specified effective date) if such condition is not satisfied. The
Administrative Agent will promptly notify the Lenders of any such notice of termination or reduction of the Aggregate Commitments.


 


(c)            The
Aggregate Commitments shall automatically terminate on the Availability End Date unless funded on or prior to the Availability
End Date. Additionally, any remaining Aggregate Commitments outstanding on the second Funding Date will terminate in full on the
second Funding Date after the funding of any Loans drawn by the Company hereunder on such second Funding Date.


 


2.04       [Reserved].


 


2.05       Repayment
of Loans. The Company shall repay to the Administrative Agent, for the benefit of the Lenders, on the Maturity Date the aggregate
principal amount of Loans outstanding on such date.


 


2.06       Interest.


 


(a)            Subject
to the provisions of subsection (b) below, (i) each Eurocurrency Rate Loan that is a Euro Loan shall bear interest on
the outstanding principal amount thereof for each Interest Period at a rate per annum equal to the EURIBO Rate for such Interest
Period plus the Applicable Rate for Eurocurrency Rate Loans, (ii)  each Eurocurrency Rate Loan that is a Dollar Loan shall
bear interest on the outstanding principal amount thereof for each Interest Period at a rate per annum equal to the LIBO Rate for
such Interest Period plus the Applicable Rate for Eurocurrency Rate Loans, and (iii) each Base Rate Loan shall bear interest
on the outstanding principal amount thereof from the applicable borrowing date at a rate per annum equal to the Base Rate plus
the Applicable Rate for Base Rate Loans.


 


(b)


 


(i)            If
any amount of principal of any Loan is not paid when due (without regard to any applicable grace periods), whether at stated maturity,
by acceleration or otherwise, such amount shall thereafter bear interest at a fluctuating interest rate per annum at all times
equal to the Default Rate to the fullest extent permitted by applicable Laws.


 






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(ii)            If
any amount (other than principal of any Loan) payable by the Company under any Loan Document is not paid when due (without regard
to any applicable grace periods), whether at stated maturity, by acceleration or otherwise, then upon the request of the Required
Lenders, such amount shall thereafter bear interest at a fluctuating interest rate per annum at all times equal to the Default
Rate to the fullest extent permitted by applicable Laws.


 


(iii)           Accrued
and unpaid interest on past due amounts (including interest on past due interest) shall be due and payable upon demand.


 


(c)           Interest
on each Loan shall be due and payable in arrears on each Interest Payment Date applicable thereto and at such other times as may
be specified herein. Interest hereunder shall be due and payable in accordance with the terms hereof before and after judgment,
and before and after the commencement of any proceeding under any Debtor Relief Law.


 


2.07        Fees.


 


(a)           Commitment
Fee. The Company shall pay to the Administrative Agent, for the account of each Lender in accordance with its Applicable Percentage,
a commitment fee in Euros (the “Commitment Fee”) at a per annum rate equal to the Applicable Rate set out under
the heading “Commitment Fee” in the definition of “Applicable Rate” times the actual daily amount of the
Aggregate Commitments in effect, accruing beginning on the date that is 60 days after the Effective Date and continuing until the
earlier of (a) the date of termination of the Aggregate Commitments, (b) the Closing Date if the Aggregate Commitments
are fully utilized on such date and (c) the second Funding Date, subject to adjustment as provided in Section 2.12. The
Commitment Fee shall be due and payable quarterly in arrears on the last Business Day of each March, June, September and December,
commencing with the first such date to occur after the date that is 60 days after the Effective Date. The Commitment Fee shall
be calculated quarterly in arrears, and if there is any change in the Applicable Rate for undrawn Loans during any quarter, the
actual daily amount shall be computed and multiplied by the Applicable Rate for undrawn Loans separately for each period during
such quarter that such Applicable Rate for undrawn Loans was in effect.


 


(b)           Other
Fees. The Company shall pay to the Arrangers and the Administrative Agent for their own respective accounts fees in the amounts
and at the times specified in the Fee Letter. Such fees shall be fully earned when paid and shall not be refundable for any reason
whatsoever.


 


2.08        Computation
of Interest and Fees. All computations of interest for Base Rate Loans (including Base Rate Loans determined by reference
to the Eurocurrency Rate) shall be made on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed.
All other computations of fees and interest shall be made on the basis of a 360-day year and actual days elapsed (which results
in more fees or interest, as applicable, being paid than if computed on the basis of a 365-day year). 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, subject
to Section 2.10(a), bear interest for one day. Each determination by the Administrative Agent of an interest rate
or fee hereunder shall be conclusive and binding for all purposes, absent manifest error.


 


2.09        Evidence
of Debt. The Borrowings made by each Lender shall be evidenced by one or more accounts or records maintained by such Lender
and by the Administrative Agent in the ordinary course of business. The accounts or records maintained by the Administrative Agent
and each Lender shall be conclusive absent manifest error of the amount of the Borrowings made by the Lenders to the Company and
the interest and payments thereon. Any failure to so record or any error in doing so shall not, however, limit or otherwise affect
the obligation of the Company hereunder to pay any amount owing with respect to the Obligations. In the event of any conflict
between the accounts and records maintained by any Lender and the accounts and records of the Administrative Agent in respect
of such matters, the accounts and records of the Administrative Agent shall control in the absence of manifest error. Upon the
request of any Lender to the Company made through the Administrative Agent, the Company shall execute and deliver to such Lender
(through the Administrative Agent) a Note, which shall evidence such Lender’s Loans to the Company in addition to such accounts
or records. Each Lender may attach schedules to its Note and endorse thereon the date, Type (if applicable), amount, Class and
maturity of its Loans and payments with respect thereto.


 






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2.10        Payments
Generally; Administrative Agent’s Clawback.


 


(a)            General.
All payments to be made by the Company shall be made free and clear of and without condition or deduction for any counterclaim,
defense, recoupment or setoff. Except as otherwise expressly provided herein and except with respect to principal and interest
on Loans denominated in Dollars, all payments by the Company hereunder shall be made to the Administrative Agent, for the account
of the respective Lenders to which such payment is owed, at the applicable Administrative Agent’s Office in Euros and in
Same Day Funds not later than 9:00 a.m. New York City time on the date specified herein. Except as otherwise expressly provided
herein, all payments by the Company hereunder with respect to principal and interest on Loans denominated in Dollars shall be made
to the Administrative Agent, for the account of the respective Lenders to which such payment is owed, at the applicable Administrative
Agent’s Office in Dollars and in Same Day Funds not later than 2:00 p.m. New York City time on the dates specified herein.
Without limiting the generality of the foregoing, the Administrative Agent may require that any payments due under this Agreement
that are required to be made in Dollars be made in the United States. If, for any reason, the Company is prohibited by any Law
from making any required payment hereunder in Euros, such Borrower shall make such payment in Dollars in the Dollar Equivalent
of the Euro payment amount. The Administrative Agent will promptly distribute to each Lender its Applicable Percentage (or other
applicable share as provided herein) of such payment in like funds as received by wire transfer to such Lender’s Lending
Office. All payments received by the Administrative Agent after the required times set forth above shall in each case be deemed
received on the next succeeding Business Day and any applicable interest or fee shall continue to accrue. If any payment to be
made by the Company shall come due on a day other than a Business Day, payment shall be made on the next following Business Day,
and such extension of time shall be reflected in computing interest or fees, as the case may be.


 


(b)


 


(i)             Funding
by Lenders; Presumption by Administrative Agent. Unless the Administrative Agent shall have received notice from a 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 Section 2.02 and may, in reliance upon such assumption, make available to the Company a corresponding amount.
In such event, if a Lender has not in fact made its share of the applicable Borrowing available to the Administrative Agent, then
the applicable Lender and the Company severally agree to pay to the Administrative Agent forthwith on demand such corresponding
amount in Same Day Funds with interest thereon, for each day from and including the date such amount is made available to the Company
to but excluding the date of payment to the Administrative Agent, at (A) in the case of a payment to be made by such Lender,
the Overnight Bank Funding Rate, plus any administrative, processing or similar fees customarily charged by the Administrative
Agent in connection with the foregoing, and (B) in the case of a payment to be made by the Company, the interest rate applicable
to the relevant Loans. If the Company and such Lender shall pay such interest to the Administrative Agent for the same or an overlapping
period, the Administrative Agent shall promptly remit to the Company the amount of such interest paid by the Company for such period.
If such Lender pays its share of the applicable Borrowing to the Administrative Agent, then the amount so paid shall constitute
such Lender’s Loan included in such Borrowing. Any payment by the Company shall be without prejudice to any claim the Company
may have against a Lender that shall have failed to make such payment to the Administrative Agent.


 






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(ii)            Payments
by the Company; Presumptions by Administrative Agent. Unless the Administrative Agent shall have received notice from the Company
prior to the date on which any payment is due to the Administrative Agent for the account of the Lenders that the Company will
not make such payment, the Administrative Agent may assume that the Company has made such payment on such date in accordance herewith
and may, in reliance upon such assumption, distribute to the Lenders the amount due. In such event, if the Company has not in fact
made such payment, then each of the Lenders severally agrees to repay to the Administrative Agent forthwith on demand the amount
so distributed to such Lender in Same Day Funds 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 Bank Funding Rate.


 


A notice of the Administrative
Agent to any Lender or the Company with respect to any amount owing under this subsection (b) shall be conclusive, absent
manifest error.


 


(c)           Failure
to Satisfy Conditions Precedent. If any Lender makes available to the Administrative Agent funds for any Loan to be made by
such Lender to the Company as provided in the foregoing provisions of this Article II, and such funds are not made
available to the Company by the Administrative Agent because the conditions to the applicable Borrowing set forth in Article IV
are not satisfied or waived in accordance with the terms hereof, the Administrative Agent shall return such funds (in like funds
as received from such Lender) to such Lender, without interest.


 


(d)           Obligations
of Lenders Several. The obligations of the Lenders hereunder to make Loans and to make payments pursuant to Section 10.04(c) are
several and not joint. The failure of any Lender to make any Loan or to make any payment under Section 10.04(c) on
any date required hereunder shall not relieve any other Lender of its corresponding obligation to do so on such date, and no Lender
shall be responsible for the failure of any other Lender to so make its Loan or to make its payment under Section 10.04(c).


 


(e)           Funding
Source. Nothing herein shall be deemed to obligate any Lender to obtain the funds for any Loan in any particular place or manner
or to constitute a representation by any Lender that it has obtained or will obtain the funds for any Loan in any particular place
or manner.


 


2.11        Sharing
of Payments by Lenders. If any Lender shall, by exercising any right of setoff or counterclaim or otherwise, obtain payment
in respect of any principal of or interest on any of the Loans made by it resulting in such Lender’s receiving payment of
a proportion of the aggregate amount of such Loans and accrued interest thereon greater than its pro rata share thereof
as provided herein, then the Lender receiving such greater proportion shall (a) notify the Administrative Agent of such fact,
and (b) purchase (for cash at face value) participations in the Loans of the other Lenders, or make such other adjustments
as shall be equitable, so that the benefit of all such payments shall be shared by the Lenders ratably in accordance with the
aggregate amount of principal of and accrued interest on their respective Loans and other amounts owing them, provided
that:


 






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(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 Section shall not be construed to apply to (A) any payment made by or on behalf of the Company pursuant
to and in accordance with the express terms of this Agreement (including the application of funds arising from the existence of
a Defaulting Lender) or (B) any payment obtained by a Lender as consideration for the assignment of or sale of a participation
in any of its Loans to any assignee or participant, other than any assignment to the Company or any Subsidiary thereof (as to which
the provisions of this Section shall apply).


 


The Company 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 Company rights of setoff and counterclaim with respect to such
participation as fully as if such Lender were a direct creditor of the Company in the amount of such participation.


 


2.12        Defaulting
Lenders.


 


(a)           Adjustments.
Notwithstanding anything to the contrary contained in this Agreement, if any Lender becomes a Defaulting Lender, then, until such
time as that Lender is no longer a Defaulting Lender, to the extent permitted by applicable Law:


 


(i)            Waivers
and Amendments. Such Defaulting Lender’s right to approve or disapprove any amendment, waiver or consent with respect
to this Agreement shall be restricted as set forth in the definition of “Required Lenders” and Section 10.01.


 


(ii)            Defaulting
Lender Waterfall. Any payment of principal, interest, fees or other amounts received by the Administrative Agent for the account
of such Defaulting Lender (whether voluntary or mandatory, at maturity, pursuant to Article VIII or otherwise) or received
by the Administrative Agent from a Defaulting Lender pursuant to Section 10.08 shall be applied at such time or times
as may be reasonably determined by the Administrative Agent as follows: first, to the payment of any amounts owing by such
Defaulting Lender to the Administrative Agent hereunder; second, as the Company 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, as determined
by the Administrative Agent; third, if so determined by the Administrative Agent and the Company, to be held in a deposit
account and released in order to satisfy such Defaulting Lender’s potential future funding obligations with respect to Loans
to the Company under this Agreement; fourth, to the payment of any amounts owing to the other Lenders as a result of any
judgment of a court of competent jurisdiction obtained by any Lender against such Defaulting Lender as a result of such Defaulting
Lender’s breach of its obligations under this Agreement; fifth, to the payment of any amounts owing to the Company
as a result of any judgment of a court of competent jurisdiction obtained by the Company against such Defaulting Lender as a result
of such Defaulting Lender’s breach of its obligations under this Agreement; and sixth, 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 Loans in respect of which such Defaulting Lender has not fully funded its appropriate share, and (y) such Loans
were made 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 all Non-Defaulting Lenders on a pro rata basis prior to being applied to the payment of any Loans of
such Defaulting Lender until such time as all Loans are held by the Lenders pro rata in accordance with the Commitments hereunder.
Any payments, prepayments or other amounts paid or payable to a Defaulting Lender that are applied (or held) to pay amounts owed
by a Defaulting Lender pursuant to this Section 2.12(a)(ii) shall be deemed paid to and redirected by such Defaulting
Lender, and each Lender irrevocably consents hereto.


 






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(iii)           Commitment
Fees. Commitment Fees pursuant to Section 2.07(a) (x) shall cease to accrue on the Commitment of such
Defaulting Lender and (y) shall not be payable to such Defaulting Lender that remains a Defaulting Lender at the time such
commitment fees are due and payable.


 


(b)           Defaulting
Lender Cure. If the Company and the Administrative Agent agree in writing that a Lender is no longer a Defaulting Lender, the
Administrative Agent will so notify the parties hereto, whereupon as of the effective date specified in such notice and subject
to any conditions set forth therein, that Lender will, to the extent applicable, purchase at par that portion of outstanding Loans
of the other Lenders or take such other actions as the Administrative Agent may determine to be necessary to cause the Loans to
be held on a pro rata basis by the Lenders in accordance with their Applicable Percentages, whereupon such Lender will cease to
be a Defaulting Lender; provided that no adjustments will be made retroactively with respect to fees accrued or payments
made by or on behalf of the Company while that Lender was a Defaulting Lender; and provided, further, that 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 that Lender having been a Defaulting Lender.


 


ARTICLE III.


 


TAXES,
YIELD PROTECTION AND ILLEGALITY


 


3.01        Taxes.


 


(a)           Payments
Free of Taxes; Obligation to Withhold; Payments on Account of Taxes.


 


(i)             Any
and all payments by or on account of any obligation of the Company hereunder or under any other Loan Document shall be made free
and clear of and without deduction or withholding for any Indemnified Taxes, provided that if any applicable Law shall require
the deduction or withholding of any Tax from any such payment, then such Tax shall be withheld or deducted in accordance with such
Law as determined in the good faith discretion of the Company or the Administrative Agent, as the case may be, upon the basis of
the information and documentation to be delivered pursuant to Section 3.01(f) below.


 


(ii)            If
the Company or the Administrative Agent shall be required by the Code to withhold or deduct any Taxes, including both United States
federal backup withholding and withholding taxes, from any payment, then (A) the Administrative Agent shall withhold or make
such deductions as are determined by the Administrative Agent to be required based upon the information and documentation it has
received pursuant to Section 3.01(f) below, (B) the Administrative Agent shall timely pay the full amount
withheld or deducted to the relevant Governmental Authority in accordance with the Code, and (C) to the extent that the withholding
or deduction is made on account of Indemnified Taxes, the sum payable by the Company shall be increased as necessary so that after
any required withholding or the making of all required deductions with respect to Indemnified Taxes (including deductions applicable
to additional sums payable under this Section 3.01) the Administrative Agent or Lender receives an amount equal to
the sum it would have received had no such withholding or deduction been made. During any period in which the Administrative Agent
is not a U.S. Person, the withholding, deduction and payment over of Taxes as provided in clauses (A) and (B) immediately
above shall be made by the Company or the Administrative Agent (rather than exclusively by the Administrative Agent).


 






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(iii)           If
the Company or the Administrative Agent shall be required by any applicable Law other than the Code to withhold or deduct any Taxes
from any payment, then (A) the Company or the Administrative Agent, as required by such Law, shall withhold or make such deductions
as are determined by it to be required based upon the information and documentation it has received pursuant to Section 3.01(f) below,
(B) the Company or the Administrative Agent, to the extent required by such Law, shall timely pay the full amount withheld
or deducted to the relevant Governmental Authority in accordance with such Law, and (C) to the extent that the withholding
or deduction is made on account of Indemnified Taxes, the sum payable by the Company shall be increased as necessary so that after
any required withholding or the making of all required deductions with respect to Indemnified Taxes (including deductions applicable
to additional sums payable under this Section 3.01) the Administrative Agent or Lender receives an amount equal to
the sum it would have received had no such withholding or deduction been made.


 


(b)           Payment
of Other Taxes by the Company. Without limiting the provisions of subsection (a) above, the Company shall timely pay any
Other Taxes to the relevant Governmental Authority in accordance with applicable Law.


 


(c)           Indemnification
by the Company. The Company shall, and does hereby, indemnify the Administrative Agent and each Lender within ten days after
demand therefor for the full amount of any Indemnified Taxes (including Indemnified Taxes imposed or asserted on or attributable
to amounts payable under this Section) paid by the Administrative Agent or such Lender, as the case may be, on or with respect
to any payment by or on account of any obligation of the Company hereunder or any other Loan Document, and any reasonable expenses
arising therefrom or with respect thereto, whether or not such Indemnified Taxes were correctly or legally imposed or asserted
by the relevant Governmental Authority. A certificate setting forth in reasonable detail the amount of such payment or liability
and the reasons thereof delivered to the Company by a Lender (with a copy to the Administrative Agent), or by the Administrative
Agent on its own behalf or on behalf of a Lender, shall be conclusive absent manifest error. The Company shall, and does hereby,
indemnify the Administrative Agent, and shall make payment in respect thereof within 10 days after demand therefor, for any amount
which a Lender for any reason fails to pay indefeasibly to the Administrative Agent as required pursuant to Section 3.01(e) below.
Upon making such payment to the Administrative Agent, the Company shall be subrogated to the rights of the Administrative Agent
pursuant to Section 3.01(e) below against the applicable defaulting Lender (other than the right of set off pursuant
to the last sentence of Section 3.01(e)).


 


(d)           Evidence
of Payments. As soon as practicable after any payment of Taxes by the Company or by the Administrative Agent to a Governmental
Authority as provided in this Section 3.01, the Company shall deliver to the Administrative Agent or the Administrative
Agent shall deliver to the Company, as the case may be, the original or a certified copy of a receipt issued by such Governmental
Authority evidencing such payment, a copy of any return reporting such payment or other evidence of such payment reasonably satisfactory
to the Company or the Administrative Agent, as the case may be.


 


(e)           Indemnification
by the Lenders. Each Lender shall, and does hereby, severally indemnify, and shall make payment in respect thereof within 10
days after demand therefor, (i) the Administrative Agent against any Indemnified Taxes attributable to such Lender (but only
to the extent that the Company has not already indemnified the Administrative Agent for such Indemnified Taxes and without limiting
the obligation of the Company to do so), (ii) the Administrative Agent and the Company, as applicable, against any Taxes attributable
to such Lender’s failure to comply with the provisions of Section 10.06(d) relating to the maintenance of
a Participant Register and (iii) the Administrative Agent and the Company, as applicable, against any Excluded Taxes attributable
to such Lender, in each case, that are payable or paid by the Administrative Agent or the Company 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 by the Administrative Agent or the Company shall be conclusive absent manifest error. Each Lender hereby authorizes the
Administrative Agent to set off and apply any and all amounts at any time owing to such Lender under this Agreement or any other
Loan Document against any amount due to the Administrative Agent under this subsection (e).


 






    	 	36	 



     


    

 


(f)            Status
of Lenders; Tax Documentation.


 


(i)            Any
Lender that is entitled to an exemption from or reduction of withholding Tax with respect to payments made under any Loan Document
shall deliver to the Company and the Administrative Agent, at the time or times required by applicable Law or when reasonably requested
by the Company or the Administrative Agent, such properly completed and executed documentation prescribed by applicable Law or
reasonably requested by the Company or the Administrative Agent as will permit such payments to be made without withholding or
at a reduced rate of withholding. In addition, any Lender, as required by applicable Law or if reasonably requested by the Company
or the Administrative Agent, shall deliver such other documentation prescribed by applicable law or reasonably requested by the
Company or the Administrative Agent as will enable the Company or the Administrative Agent, as the case may be, to determine whether
or not such Lender is subject to withholding or deduction of Taxes or information reporting requirements. Notwithstanding anything
to the contrary in the preceding two sentences, the completion, execution and submission of such documentation (other than such
documentation set forth in Sections 3.01(f)(ii)(A), (ii)(B) and (ii)(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)            any
Lender that is a U.S. Person shall deliver to the Company and the Administrative Agent on or prior to the date on which such Lender
becomes a Lender under this Agreement (and from time to time thereafter as required by applicable Law or upon the reasonable request
of the Company or the Administrative Agent), executed originals of IRS Form W-9 (or applicable successor form) certifying
that such Lender is exempt from United States federal backup withholding tax;


 


(B)            any
Foreign Lender shall, to the extent it is legally entitled to do so, deliver to the Company 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 as required by applicable Law or upon the reasonable request of the Company
or the Administrative Agent), whichever of the following is applicable:


 


(a)            in
the case of a Foreign Lender claiming the benefits of an income tax treaty to which the United States is a party (x) with
respect to payments of interest under any Loan Document, executed originals of IRS Form W-8BEN or W-8BEN-E (or, in either
case, an applicable successor form), as applicable, 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 W-8BEN-E (or, in either case, an applicable successor form), as applicable, establishing
an exemption from, or reduction of, U.S. federal withholding Tax pursuant to the “business profits” or “other
income” article of such tax treaty;


 






    	 	37	 



     


    

 


(b)           executed
originals of IRS Form W-8ECI or W-8EXP (or, in either case, applicable successor form);


 


(c)           in
the case of a Foreign Lender claiming the benefits of the exemption for portfolio interest under Section 881(c) of the
Code, (x) a certificate substantially in the form of Exhibit E-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 Company within the meaning of Section 881(c)(3)(B) of the Code, or a “controlled foreign corporation”
described in Section 881(c)(3)(C) of the Code (a “U.S. Tax Compliance Certificate”) and (y) executed
originals of IRS Form W-8BEN or W-8BEN-E (or, in either case, an applicable successor form), as applicable; or


 


(d)           to
the extent a Foreign Lender is not the beneficial owner, executed originals of IRS Form W-8IMY (or applicable successor form),
accompanied by IRS Form W-8ECI, IRS Form W-8BEN or W-8BEN-E (or an applicable successor form), as applicable, a
U.S. Tax Compliance Certificate substantially in the form of Exhibit E-2 or Exhibit E-3, IRS Form W-9
(or other successor forms), and/or other certification documents from each beneficial owner, as applicable; provided that
if the Foreign Lender is a partnership and one or more direct or indirect 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 E-4
on behalf of each such direct and indirect partner;


 


(C)            any
Foreign Lender shall, to the extent it is legally entitled to do so, deliver to the Company 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 as required by applicable Law or upon the reasonable request of the Company
or the Administrative Agent), executed originals of any other form prescribed by applicable law as a basis for claiming exemption
from or a reduction in U.S. federal withholding Tax, duly completed, together with such supplementary documentation as may be prescribed
by applicable law to permit the Company or the Administrative Agent to determine the withholding or deduction required to be made;
and


 


(D)            if
a payment made to a Lender under any Loan Document would be subject to U.S. federal withholding Tax imposed by FATCA if such Lender
were to fail to comply with the applicable reporting requirements of FATCA (including those contained in Section 1471(b) or
1472(b) of the Code, as applicable), such Lender shall deliver to the Company and the Administrative Agent at the time or
times prescribed by law and at such time or times reasonably requested by the Company or the Administrative Agent such documentation
prescribed by applicable law (including as prescribed by Section 1471(b)(3)(C)(i) of the Code) and such additional documentation
reasonably requested by the Company or the Administrative Agent as may be necessary for the Company and the Administrative Agent
to comply with their obligations under FATCA and to determine that such Lender has complied with such Lender’s obligations
under FATCA or to determine the amount to deduct and withhold from such payment. Solely for purposes of this clause (D),
 “FATCA” shall include any amendments made to FATCA after the date of this Agreement.


 


(iii)          Each
Lender agrees that if any form or certification it previously delivered pursuant to this Section 3.01 expires or becomes
obsolete or inaccurate in any respect, it shall promptly notify the Company and the Administrative Agent and update such form or
certification or promptly notify the Company and the Administrative Agent in writing of its legal inability to do so. Each Lender
shall promptly (A) notify the Company and the Administrative Agent of any change in circumstances which would modify or render
invalid any claimed exemption or reduction, and (B) take such steps as shall not be materially disadvantageous to it, in the
reasonable judgment of such Lender, and as may be reasonably necessary (including the re-designation of its Lending Office) to
avoid any requirement of applicable Laws of any jurisdiction that the Company or the Administrative Agent make any withholding
or deduction for Taxes from amounts payable to such Lender.


 






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(g)           Treatment
of Certain Refunds. Unless required by applicable Laws, at no time shall the Administrative Agent have any obligation to file
for or otherwise pursue on behalf of a Lender, or have any obligation to pay to any Lender, any refund of Taxes withheld or deducted
from funds paid for the account of such Lender. If any Recipient determines, in its sole discretion exercised in good faith, that
it has received a refund of any Taxes as to which it has been indemnified by the Company or with respect to which the Company has
paid additional amounts pursuant to this Section 3.01 (or benefit equivalent to a refund in the form of an offset or
prepayment of such Taxes due for future periods), it shall pay to the Company an amount equal to such refund or equivalent offset
or Tax prepayment (but only to the extent of indemnity payments made, or additional amounts paid, by the Company under this Section 3.01
with respect to the Taxes giving rise to such refund), net of all out-of-pocket expenses and net of any loss or gain realized in
the conversion of such funds from or to another currency (including Taxes) incurred by such Recipient, and without interest (other
than any interest paid by the relevant Governmental Authority with respect to such refund or equivalent offset or Tax prepayment),
provided that the Company, upon the request of the Recipient, agrees to repay the amount paid over to the Company (plus
any penalties, interest or other charges imposed by the relevant Governmental Authority) to the Recipient in the event the Recipient
is required to repay such refund or equivalent offset or Tax prepayment to such Governmental Authority. Notwithstanding anything
to the contrary in this subsection (g), in no event will the applicable Recipient be required to pay any amount to the Company
pursuant to this subsection the payment of which would place the Recipient in a less favorable net after-Tax position than such
Recipient would have been in if the indemnification payments or additional amounts giving rise to such refund or equivalent offset
or Tax prepayment had never been paid. This subsection shall not be construed to require any Recipient to make available its tax
returns (or any other information relating to its taxes that it deems confidential) to the Company or any other Person.


 


(h)           Survival.
Each party’s obligations under this Section 3.01 shall survive the resignation or replacement of the Administrative
Agent or any assignment of rights by, or the replacement of, a Lender, the termination of the Commitments and the repayment, satisfaction
or discharge of all other Obligations.


 


3.02        Illegality.
If any Law has made it unlawful, or any Governmental Authority has asserted that it is unlawful, for any Lender or its applicable
Lending Office to maintain Eurocurrency Rate Loans, or to determine or charge interest rates based upon the 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, Euros or Dollars, then, on notice thereof by such Lender to the Company through the Administrative Agent any obligation
of such Lender to continue Eurocurrency Rate Loans shall be suspended until such Lender notifies the Administrative Agent and
the Company that the circumstances giving rise to such determination no longer exist; provided that, notwithstanding the
foregoing, that if any such event shall occur and such notice shall be given prior to the Zero Commitment Date, the obligation
of such Lender to make Loans in accordance with this Agreement shall not be affected in any manner whatsoever, except that the
Loans made by such Lender on any Funding Date shall be made as Base Rate Loans denominated in Dollars under Section 2.01.
Upon receipt of such notice occurring after the first Funding Date, if such Lender shall so request (with a copy to the Administrative
Agent), then (i) if such Eurocurrency Rate Loan is denominated in Dollars, then on the last day of the Interest Period applicable
to such Loan (or the next succeeding Business Day if such day is not a Business Day) if such Lender may lawfully continue to maintain
such Eurocurrency Rate Loans to such day, or immediately, such Loan shall be converted by the Administrative Agent to, and shall
constitute, an Base Rate Loan denominated in Dollars on such day (but without the requirement to make any payment pursuant to
Section 3.05) or (ii) if such Eurocurrency Rate Loan is denominated in Euros, the Company shall either (at the Company’s
election), prepay all such Eurocurrency Rate Loans of such Lender or convert all such Eurocurrency Rate Loans of such Lender to
Base Rate Loans denominated in Dollars (in an amount equal to the Dollar Equivalent of such Euro amount), either on the last day
of the Interest Period therefor (or the next succeeding Business Day if such day is not a Business Day), if such Lender may lawfully
continue to maintain such Eurocurrency Rate Loans to such day, or immediately (but without the requirement to make any payment
pursuant to Section 3.05), if such Lender may not lawfully continue to maintain such Eurocurrency Rate Loans. Upon any such
prepayment or conversion, the Company shall also pay accrued interest on the amount so prepaid or converted.


 






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3.03        Alternative
Rate of Interest.


 


(a)           If
prior to the commencement of any Interest Period for a Eurocurrency Borrowing:


 


(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 or the EURIBO Rate, as applicable (including because the Relevant Screen Rate is not
available or published on a current basis), for such Interest Period; or


 


(ii)            the
Administrative Agent is advised by the Required Lenders that the LIBO Rate or the EURIBO Rate, as applicable, for such Interest
Period will not adequately and fairly reflect the cost to such Lenders (or Lender) of making or maintaining their Loans (or its
Loan) included in such Borrowing for such Interest Period;


 


then the Administrative Agent shall give
notice thereof to the Company and the Lenders by telephone, telecopy or electronic mail as promptly as practicable thereafter and,
until the Administrative Agent notifies the Company and the Lenders that the circumstances giving rise to such notice no longer
exist, if any Loan Notice requests a Eurocurrency Borrowing based on a Relevant Rate that is the subject of such notice, then such
Borrowing shall be made as a Base Rate Borrowing denominated in Dollars under Section 2.01. Furthermore, if any Eurocurrency
Rate Loan is outstanding on the date of the Company’s receipt of the notice from the Administrative Agent referred to in
this Section 3.03 with respect to a Relevant Rate applicable to such Eurocurrency Rate Loan, then (i) if such
Eurocurrency Rate Loan is denominated in Dollars, then on the last day of the Interest Period applicable to such Loan (or the next
succeeding Business Day if such day is not a Business Day), such Loan shall be converted by the Administrative Agent to, and shall
constitute, an Base Rate Loan denominated in Dollars on such day or (ii) if such Eurocurrency Rate Loan is denominated in
Euros, then such Loan shall, on the last day of the Interest Period applicable to such Loan (or the next succeeding Business Day
if such day is not a Business Day), at the Company’s election prior to such day: (A) be prepaid by the Company on such
day or (B) be converted by the Administrative Agent to, and (subject to the remainder of this subclause (B)) shall constitute,
a Base Rate Loan denominated in Dollars (in an amount equal to the Dollar Equivalent of such Euro amount) on such day (it being
understood and agreed that if the Company does not so prepay such Loan on such day by 12:00 noon, local time, the Administrative
Agent is authorized to effect such conversion of such Eurocurrency Rate Loan into a Base Rate Loan denominated in Dollars), and,
in the case of subclause (i) or subclause (ii)(B), following the Company’s receipt of notice from the Administrative
Agent that the circumstances giving rise to the aforementioned notice no longer exist, such Base Rate Loan denominated in Dollars
shall, upon written request of the Company delivered to the Administrative Agent thereafter and with the consent of the Administrative
Agent (not to be unreasonably withheld, conditioned or delayed), be converted by the Administrative Agent to, and shall constitute,
a Eurocurrency Rate Loan denominated in Dollars (in the case of Loans originally made in Dollars) or Euros (in the case of Loans
originally made in Euros, in an amount equal to the Euro Equivalent of such Dollar amount) three Business Days after the date of
such request by the Company being delivered to the Administrative Agent.


 






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(b)           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 Company may amend this Agreement to replace the Relevant Rate
to which such Benchmark Transition Event or Early Opt-in Election relates 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 Company, so long as the Administrative Agent has not received,
by such time, written notice of objection to such proposed amendment from Lenders comprising the Required Lenders; provided that,
with respect to any proposed amendment containing any SOFR-Based Rate in respect of any Loan denominated in Dollars, the Lenders
shall be entitled to object only to the Benchmark Replacement Adjustment contained therein. 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 any Relevant Rate with a Benchmark Replacement
will occur prior to the applicable Benchmark Transition Start Date.


 


(c)           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.


 


(d)           The
Administrative Agent will promptly notify the Company and the Lenders of (i) any occurrence of a Benchmark Transition Event
or an Early Opt-in Election, as applicable, (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 3.03,
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 reasonable discretion and without consent from any other party hereto, except, in each case, as expressly
required pursuant to this Section 3.03.


 


(e)           Upon
the Company’s receipt of notice of the commencement of a Benchmark Unavailability Period with respect to a Relevant Rate,
with respect to (i) any Interest Election Request that requests the conversion of any Borrowing to, or continuation of any
Borrowing as, a Eurocurrency Borrowing based on such Relevant Rate shall be ineffective, (ii) if such Benchmark Unavailability
Period relates to LIBOR and any Borrowing request requests a Eurocurrency Borrowing in Dollars, such Borrowing shall be made as
a Base Rate Borrowing in Dollars and (iii) if such Benchmark Unavailability Period relates to EURIBOR and any Borrowing request
requests a Eurocurrency Borrowing in Euros, such Borrowing shall be made as a Base Rate Borrowing in Dollars (in an amount equal
to the Dollar Equivalent of such Euros amount). Furthermore, if any Eurocurrency Rate Loan is outstanding on the date of the Company’s
receipt of notice of the commencement of a Benchmark Unavailability Period with respect to a Relevant Rate applicable to such Eurocurrency
Rate Loan, then (i) if such Eurocurrency Rate Loan is denominated in Dollars, then on the last day of the Interest Period
applicable to such Loan (or the next succeeding Business Day if such day is not a Business Day), such Loan shall be converted by
the Administrative Agent to, and shall constitute a Base Rate Loan denominated in Dollars on such day or (ii) if such Eurocurrency
Rate Loan is denominated in Euros, then such Loan shall, on the last day of the Interest Period applicable to such Loan (or the
next succeeding Business Day if such day is not a Business Day), at the Company’s election prior to such day: (A) be
prepaid by the Company on such day or (B) be converted by the Administrative Agent to, and (subject to the remainder of this
subclause (B)) shall constitute, a Base Rate Loan denominated in Dollars (in an amount equal to the Dollar Equivalent of such Euro
amount) on such day (it being understood and agreed that if the Company does not so prepay such Loan on such day by 12:00 noon,
local time, the Administrative Agent is authorized to effect such conversion of such Eurocurrency Rate Loan into a Base Rate Loan
denominated in Dollars), and (X) in the case of subclause (i), upon any subsequent implementation of a Benchmark Replacement
in respect of Dollars pursuant to this Section 3.03, such Base Rate Loan denominated in Dollars shall, upon written
request of the Company delivered to the Administrative Agent thereafter and with the consent of the Administrative Agent (not to
be unreasonably withheld, conditioned or delayed), be converted by the Administrative Agent to, and shall constitute, a Eurocurrency
Rate Loan denominated in Dollars three Business Days after the date of such request by the Company being delivered to the Administrative
Agent (Y) in the case of subclause (ii)(B), upon any subsequent implementation of a Benchmark Replacement in respect of Euro
pursuant to this Section 3.03, such Base Rate Loan denominated in Dollars shall, upon written request of the Company
delivered to the Administrative Agent thereafter and with the consent of the Administrative Agent (not to be unreasonably withheld,
conditioned or delayed), be converted by the Administrative Agent to, and shall constitute, a Eurocurrency Rate Loan denominated
in Euros (in an amount equal to the Euro Equivalent of such Dollar amount) on the day of such request by the Company being delivered
to the Administrative Agent.


 






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3.04        Increased
Costs; Reserves on Eurocurrency Rate Loans.


 


(a)           Increased
Costs Generally. If any Change in Law, after the date on which a Lender becomes a Lender hereunder, shall:


 


(i)             impose,
modify or deem applicable any reserve, special deposit, compulsory loan, insurance charge or similar requirement against assets
of, deposits with or for the account of, or credit extended or participated in by, any Lender (except any reserve requirement contemplated
by Section 3.04(e));


 


(ii)            subject
any Recipient to any Taxes (other than (A) Indemnified Taxes, (B) Taxes described in clauses (b) through (d) of
the definition of Excluded Taxes and (C) Connection Income Taxes) on its loans, loan principal, letters of credit, commitments,
or other obligations, or its deposits, reserves, other liabilities or capital attributable thereto;


 


(iii)           [Intentionally
Omitted]; or


 


(iv)           impose
on any Lender or the London interbank market any other material condition, cost or expense affecting this Agreement or Eurocurrency
Rate Loans made by such Lender;


 


and the result of any of the foregoing
shall be to increase the cost to such Lender of making, converting to, continuing or maintaining any Eurocurrency Rate Loan (or
of maintaining its obligation to make any such Loan) or to materially reduce the amount of any sum received or receivable by such
Lender hereunder (whether of principal, interest or any other amount) then, upon request of such Lender, the Company will pay to
such Lender such additional amount or amounts as will compensate such Lender for such additional costs incurred or reduction suffered.


 






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(b)           Capital
Requirements. If any Lender determines that any Change in Law, after the date on which a Lender becomes a Lender hereunder,
affecting such Lender or any Lending Office of such Lender or such Lender’s holding company, if any, regarding capital or
liquidity requirements has or would have the effect of reducing the rate of return on such Lender’s capital or on the capital
of such Lender’s holding company, if any, as a consequence of this Agreement, the Commitments of such Lender or the Loans
made by such Lender to a level below that which such Lender or such Lender’s holding company could have achieved but for
such Change in Law (taking into consideration such Lender’s policies and the policies of such Lender’s holding company
with respect to capital adequacy and liquidity requirements), then from time to time the Company will pay to such Lender such additional
amount or amounts as will compensate such Lender or such Lender’s holding company for any such reduction suffered.


 


(c)           Certificates
for Reimbursement. A certificate of a Lender setting forth the amount or amounts necessary to compensate such Lender or its
holding company, as the case may be, as specified in subsection (a) or (b) of this Section and delivered to the
Company shall be conclusive absent manifest error (it being understood and agreed that in no event shall any Lender make any determination
or request set forth in subsection (a) or (b) or deliver any such certificate in the event that such Lender is not generally
making such determinations or requests and delivering such certificates in the same manner in syndicated credit facilities to borrowers
of similar creditworthiness to the Company under which such Lender is a lender). The Company shall pay such Lender the amount shown
as due on any such certificate within ten days after receipt thereof.


 


(d)           Delay
in Requests. Failure or delay on the part of any Lender to demand compensation pursuant to the foregoing provisions of this
Section shall not constitute a waiver of such Lender’s right to demand such compensation, provided that the Company
shall not be required to compensate a Lender pursuant to the foregoing provisions of this Section for any increased costs
incurred or reductions suffered more than 90 days prior to the date that such Lender notifies the Company of the Change in Law
giving rise to such increased costs or reductions and of such Lender’s intention to claim compensation therefor (except that,
if the Change in Law giving rise to such increased costs or reductions is retroactive, then the 90-day period referred to above
shall be extended to include the period of retroactive effect thereof).


 


(e)           Additional
Reserve Requirements. The Company shall pay to each Lender (i) as long as such Lender shall be required to maintain reserves
with respect to liabilities or assets consisting of or including eurocurrency funds or deposits (currently known as “Eurocurrency
liabilities”), additional interest on the unpaid principal amount of each Eurocurrency Rate Loan equal to the actual
costs of such reserves allocated to such Loan by such Lender (as determined by such Lender in good faith, which determination shall
be conclusive), and (ii) as long as such Lender shall be required to comply with any reserve ratio requirement or analogous
requirement of any other central banking or financial regulatory authority imposed in respect of the maintenance of the Commitments
or the funding of the Eurocurrency Rate Loans, such additional costs (expressed as a percentage per annum and rounded upwards,
if necessary, to the nearest five decimal places) equal to the actual costs allocated to such Commitment or Loan by such Lender
(as determined by such Lender in good faith, which determination shall be conclusive), which in each case shall be due and payable
on each date on which interest is payable on such Loan; provided the Company shall have received at least ten days’
prior notice (with a copy to the Administrative Agent) of such additional interest or costs from such Lender. If a Lender fails
to give notice ten days prior to the relevant Interest Payment Date, such additional interest or costs shall be due and payable
ten days from receipt of such notice.


 


3.05        Compensation
for Losses. Upon demand of any Lender (with a copy to the Administrative Agent) from time to time, the Company shall promptly
compensate such Lender for and hold such Lender harmless from any reasonable and invoiced loss, cost or expense incurred by it
(in each case together with a reasonably detailed supporting calculation) as a result of:


 






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(a)           any
continuation, conversion, payment or prepayment of any Loan other than a Base Rate Loan on a day other than the last day of the
Interest Period for such Loan (whether voluntary, mandatory, automatic, by reason of acceleration, or otherwise);


 


(b)           any
failure by the Company (for a reason other than the failure of such Lender to make a Loan) to prepay, borrow, continue or convert
any Loan other than a Base Rate Loan on the date or in the amount notified by the Company;


 


(c)           [Intentionally
Omitted]; or


 


(d)           any
assignment of a Eurocurrency Rate Loan on a day other than the last day of the Interest Period therefor as a result of a request
by the Company pursuant to Section 10.13;


 


including any foreign exchange losses and
any loss or expense arising from the liquidation or reemployment of funds obtained by it to maintain such Loan, from fees payable
to terminate the deposits from which such funds were obtained or from the performance of any foreign exchange contract, but excluding
any loss of profits or margin. The Company shall also pay any customary administrative fees charged by such Lender in connection
with the foregoing.


 


For purposes of calculating amounts payable
by the Company to the Lenders under this Section 3.05, each Lender shall be deemed to have funded each Eurocurrency
Rate Loan made by it at the Eurocurrency Rate for such Loan by a matching deposit or other borrowing in the offshore interbank
market for such currency for a comparable amount and for a comparable period, whether or not such Eurocurrency Rate Loan was in
fact so funded.


 


3.06        Mitigation
Obligations; Replacement of Lenders.


 


(a)           Designation
of a Different Lending Office. If any Lender requests compensation under Section 3.04, or the Company is required
to pay any additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 3.01,
or if any Lender gives a notice pursuant to Section 3.02, then at the request of the Company such Lender shall, as
applicable, use reasonable efforts to designate a different Lending Office for funding or booking its Loans hereunder or to assign
its rights and obligations hereunder to another of its offices, branches or affiliates, if, in the judgment of such Lender, such
designation or assignment (i) would eliminate or reduce amounts payable pursuant to Section 3.01 or 3.04,
as the case may be, in the future, or eliminate the need for the notice pursuant to Section 3.02, as applicable, and
(ii) in each case, would not subject such Lender to any unreimbursed cost or expense and would not otherwise be disadvantageous
to such Lender. The Company hereby agrees to pay all reasonable costs and expenses incurred by any Lender in connection with any
such designation or assignment.


 


(b)           Replacement
of Lenders. If any Lender requests compensation under Section 3.04 or delivers a notice under Section 3.02,
or if the Company is required to pay any additional amount to any Lender or any Governmental Authority for the account of any Lender
pursuant to Section 3.01 and, in each case, such Lender has declined or is unable to designate a different lending
office in accordance with Section 3.06(a), the Company may replace such Lender in accordance with Section 10.13.


 






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3.07        Survival.
All of the Company’s obligations under this Article III shall survive termination of the Aggregate Commitments,
repayment of all other Obligations hereunder and resignation of the Administrative Agent.


 


ARTICLE IV.


 


CONDITIONS
PRECEDENT


 


4.01        Conditions
to Effectiveness. Subject to Section 4.04, the effectiveness of this Agreement is subject only to the satisfaction
of the following conditions precedent:


 


(a)           The
Administrative Agent’s receipt of the following, each of which shall be originals or .pdf electronic transmissions unless
otherwise specified, each properly executed by a Responsible Officer of the Company, each dated the Effective Date (or, in the
case of certificates of governmental officials, a recent date before the Effective Date):


 


(i)             executed
counterparts of this Agreement;


 


(ii)            such
certificates of resolutions or other action, incumbency certificates and/or other certificates of Responsible Officers of the Company
as are customary to evidence the identity, authority and capacity of each Responsible Officer or Borrowing Officer thereof authorized
to act as a Responsible Officer or Borrowing Officer, as the case may be, in connection with this Agreement and the other Loan
Documents to which the Company is a party;


 


(iii)           customary
documents and certifications to evidence that the Company is duly organized or formed, and that the Company is validly existing,
in good standing and qualified to engage in business in Delaware; and


 


(iv)           a
favorable opinion of Wachtell, Lipton, Rosen & Katz, counsel to the Company, addressed to the Administrative Agent and
each Lender, as to customary matters concerning the Company and the Loan Documents.


 


(b)           The
Administrative Agent’s receipt of all documentation and other information required by regulatory authorities under applicable
 “know your customer” and anti-money laundering rules and regulations, including, without limitation, the Patriot
Act, that has been reasonably requested by the Administrative Agent on behalf of any Lender not less than ten Business Days prior
to the Effective Date.


 


(c)           The
Lenders, the Administrative Agent and the Arrangers shall have received payment of all expenses required to be paid on the Effective
Date pursuant to the terms hereof and the Fee Letter to the extent invoiced at least three days prior to the Effective Date.


 


(d)           To
the extent filed with BaFin on or prior to the Effective Date, the terms of the Offer Documents shall be consistent with the description
of the Offer in the Acquisition Agreement (except to the extent any inconsistencies therewith are not materially adverse to the
interests of the Arrangers or the Lenders), unless the Majority Arrangers shall have consented to such inconsistency (such consent
not to be unreasonably withheld or delayed).


 


Without limiting the generality of the
provisions of Section 9.04, for purposes of determining compliance with the conditions specified in this Section 4.01,
each Lender that has signed this Agreement shall be deemed to have consented to, approved or accepted or to be satisfied with,
each document or other matter required thereunder to be consented to or approved by or acceptable or satisfactory to a Lender.
The occurrence of the Effective Date shall be confirmed by a written notice from the Administrative Agent to the Company on the
Effective Date, and shall be conclusive evidence of the occurrence thereof.


 






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4.02        Conditions
to Borrowings on the Closing Date. The obligation of each Lender to make Loans on the Closing Date is subject only to the
satisfaction of the following conditions precedent on or before the Availability End Date:


 


(a)            The
Administrative Agent shall have received a Request for Borrowing in accordance with the requirements hereof.


 


(b)           The
Specified Representations shall be accurate in all material respects as of the Closing Date; provided that any representation
and warranty that is qualified as to “materiality,” “Material Adverse Effect” or similar language shall
be true and correct (after giving effect to any qualification therein) in all respects as of such date.


 


(c)            On
or prior to the Closing Date, the Arrangers shall have received (a) audited consolidated balance sheets and related statements
of income and comprehensive income, shareholders’ equity and cash flows for the Company for the three most recently completed
fiscal years ended at least 60 days prior to the Closing Date and (b) unaudited consolidated balance sheets and related statements
of income, shareholders’ equity and cash flows for the Company for each subsequent fiscal quarter (other than the fourth
fiscal quarter of a fiscal year) of the Company, subsequent to the last fiscal year for which financial statements were prepared
pursuant to the preceding clause (a) and ended at least 45 days prior to the Closing Date. The Company’s filing of any
(a) required audited financial statements with respect to the Company on Form 10-K or (b) required unaudited financial
statements with respect to the Company on Form 10-Q, in each case, will satisfy the requirements under clauses (a) or
(b), as applicable, of this paragraph. The Arrangers hereby acknowledge that they have received (i) each of the financial
statements for the fiscal years ended December 31, 2017, December 31, 2018 and December 31, 2019, in each case,
described in clause (a) of the first sentence of this Section and (ii) the financial statements for the fiscal quarter
ended March 28, 2020, described in clause (b) of the first sentence of this Section.


 


(d)           The
Administrative Agent shall have received a certificate signed by a Responsible Officer of the Company confirming, as of the Closing
Date, the satisfaction (unless waived by the Required Lenders) of the conditions specified in Section 4.02(b).


 


(e)            No
amendment, modification, or waiver of any term of the Acquisition Agreement or any condition to the Company’s obligation
to consummate the Acquisition thereunder or consent granted thereunder shall have been made or granted by the Company without the
prior written consent (which consent shall not be unreasonably withheld, conditioned or delayed) of the Majority Arrangers (other
than any such amendment, modification or waiver or consent that is not materially adverse to any interest of the Arrangers or the
Lenders; it being understood that (i) any increase in the Offer Consideration (as defined in the Acquisition Agreement on
the date hereof) (other than an increase composed entirely of equity (or proceeds of equity)), (ii) any reduction in the Offer
Consideration (as defined in the Acquisition Agreement on the date hereof) of more than 10%, (iii) any reduction in the Acceptance
Threshold (as defined in the Acquisition Agreement on the date hereof) to below a simple majority of Target’s issued and
outstanding ordinary share capital (geplaatst en uitstaand gewoon kapitaal), excluding for the avoidance of doubt any Treasury
Shares (as defined in the Acquisition Agreement on the date hereof) which shall be not tendered into the Offer, as of the End of
the Acceptance Period or (iv) any waiver of the Offer Condition (as defined in the Acquisition Agreement on the date hereof)
set forth in clause 4.1.1(i) of the Acquisition Agreement (other than any such waiver that is not materially adverse to any
interest of the Arrangers or the Lenders), in each case, will require the consent of the Majority Arrangers, which consent shall
not be unreasonably withheld, conditioned or delayed).


 






    	 	46	 



     


    

 


(f)            The
terms of the Offer Documents shall be consistent with the description of the Offer in the Acquisition Agreement (except to the
extent any inconsistencies therewith are not materially adverse to the interests of the Arrangers or the Lenders), unless the Majority
Arrangers shall have consented to such inconsistency (such consent not to be unreasonably withheld, conditioned or delayed).


 


(g)           The
Lenders, the Administrative Agent and the Arrangers shall have received all fees required to be paid on the Closing Date pursuant
to the terms hereof and the Fee Letter, and all expenses for which the Company is required to reimburse the Lenders, the Administrative
or the Arrangers in accordance with the terms hereof and the Fee Letter, in each case to the extent invoiced at least three days
prior to the Closing Date (which amounts may be offset against the proceeds of the Loans on the Closing Date).


 


(h)           Substantially
concurrently with the initial funding of Loans on the Closing Date, (i) the Company or one of its Subsidiaries shall have
accepted all outstanding equity interests that have validly tendered pursuant to the Offer and shall have tendered payment for
such equity interests in accordance with the terms of the Acquisition Agreement or (ii)(x) the Administrative Agent shall
have received an officer’s certificate from the Company certifying that the Company or one of its Subsidiaries shall accept
all outstanding equity interests that have validly tendered pursuant to the Offer and shall tender payment for such equity interests
in accordance with the terms of the Acquisition Agreement, in each case, within one Business Day following the Closing Date and
(y) the Company shall have caused (or, in accordance with Section 2.02(b), directed the Administrative Agent to
cause) the proceeds of the Loans to be deposited with the Settlement Agent pursuant to the terms of the Offer Documents or shall
have made such other arrangements reasonably satisfactory to the Administrative Agent for the payment of the equity interests that
have validly tendered pursuant to the Offer.


 


(i)             The
Effective Date shall have occurred or shall occur substantially concurrently therewith.


 


Notwithstanding the foregoing or anything
to the contrary provided herein, Articles VI, VII, and VIII of this Agreement (and any remedies relating thereto) shall not become
effective until immediately after the making of the Loans on the Closing Date (it being understood that the occurrence of an event
on or prior to the making of the Loans on the Closing Date that would otherwise constitute an Event of Default may constitute an
Event of Default immediately after the making of the Loans on the Closing Date pursuant to the terms of Article VIII, if continuing
or uncured immediately after the Closing Date, but subject to Section 4.04 hereof).


 


Without limiting the foregoing, the failure
of any representation or warranty (other than the representations specified in Section 4.02(b)) to be true and correct
at any time when made or deemed made will not constitute the failure of a condition precedent to the obligations of each Lender
to make the Loans on the Closing Date.


 


4.03       Conditions
to Subsequent Borrowings. The obligation of each Lender to make any Loans on the Funding Date after Closing Date pursuant
to Section 2.01 is subject only to the satisfaction of the following conditions precedent on or before the date
that is 120 days after the Closing Date:


 


(a)            The
Administrative Agent shall have received a Request for Borrowing in accordance with the requirements hereof.


 






    	 	47	 



     


    

 


(b)           The
Specified Representations shall be accurate in all material respects as of such Funding Date; provided that any representation
and warranty that is qualified as to “materiality,” “Material Adverse Effect” or similar language shall
be true and correct (after giving effect to any qualification therein) in all respects as of such date.


 


(c)            The
Administrative Agent shall have received a certificate signed by a Responsible Officer of the Company confirming, as of the Funding
Date, the satisfaction (unless waived by the Required Lenders) of the conditions specified in Section 4.03(b).


 


(d)            No
amendment, modification, or waiver of any term of the Acquisition Agreement or any condition to the Company’s obligation
to consummate the Acquisition thereunder or consent granted thereunder shall have been made or granted by the Company without the
prior written consent (which consent shall not be unreasonably withheld, conditioned or delayed) of the Majority Arrangers (other
than any such amendment, modification or waiver or consent that is not materially adverse to any interest of the Arrangers or the
Lenders; it being understood that (i) any increase in the Offer Consideration (as defined in the Acquisition Agreement on
the date hereof) (other than an increase composed entirely of equity (or proceeds of equity)), (ii) any reduction in the Offer
Consideration (as defined in the Acquisition Agreement on the date hereof) of more than 10%, (iii) any reduction in the Acceptance
Threshold (as defined in the Acquisition Agreement on the date hereof) to below a simple majority of Target’s issued and
outstanding ordinary share capital (geplaatst en uitstaand gewoon kapitaal), excluding for the avoidance of doubt any Treasury
Shares (as defined in the Acquisition Agreement on the date hereof) which shall be not tendered into the Offer, as of the End of
the Acceptance Period or (iv) any waiver of the Offer Condition (as defined in the Acquisition Agreement on the date hereof)
set forth in clause 4.1.1(i) of the Acquisition Agreement (other than any such waiver that is not materially adverse to any
interest of the Arrangers or the Lenders), in each case, will require the consent of the Majority Arrangers, which consent shall
not be unreasonably withheld, conditioned or delayed).


 


(e)            The
Lenders, the Administrative Agent and the Arrangers shall have received all fees required to be paid on such Funding Date pursuant
to the terms hereof, and all expenses for which the Company is required to reimburse the Lenders, the Administrative or the Arrangers
in accordance with the terms hereof, in each case to the extent invoiced at least three days prior to such Funding Date (which
amounts may be offset against the proceeds of the Loans on such Funding Date).


 


Without limiting the foregoing, the failure
of any representation or warranty (other than the representations specified in Section 4.03(b)) to be true and correct
at any time when made or deemed made will not constitute the failure of a condition precedent to the obligations of each Lender
to make the Loans on the Funding Date.


 


4.04        Actions
by Lenders During the Certain Funds Period. During the Certain Funds Period and notwithstanding (i) that any representation
made on (A) the Effective Date, (B) any prior Funding Date or (C) the applicable Funding Date (excluding, in the
case of this clause (C), the Specified Representations given as a condition to such Funding Date) was incorrect, (ii) any
failure by the Company to comply with the affirmative covenants, negative covenants or financial covenants, (iii) the occurrence
of any Default or Event of Default under the Loan Documents, (iv) any provision to the contrary in any Loan Document or otherwise
or (v) that any condition to the occurrence of the Effective Date or any prior Funding Date may subsequently be determined
not to have been satisfied, neither the Administrative Agent nor any Lender shall be entitled to:


 


(a)             cancel
any of its Commitments or accelerate the maturity of or demand the repayment of any Loan;


 






    	 	48	 



     


    

 


(b)             rescind,
terminate or cancel the Loan Documents or the Commitments or exercise any similar right or remedy or make or enforce any claim
under the Loan Documents it may have to the extent to do so would prevent or limit the making of Loans on a Funding Date;


 


(c)             refuse
to participate in the making of its Loans on a Funding Date unless the conditions expressly applicable to drawing thereof set forth
in Section 4.02 or Section 4.03, as applicable, have not been satisfied or waived; or


 


(d)             exercise
any right of set-off or counterclaim in respect of its Loan to the extent to do so would prevent, limit or delay the making of
its Loan on a Funding Date;


 


provided that immediately after
the expiration of the Certain Funds Period all of the rights, remedies and entitlements of the Administrative Agent and the Lender
shall be available notwithstanding that such rights, remedies and entitlements were not available prior to such time as a result
of the foregoing.


 


ARTICLE V.


 


REPRESENTATIONS
AND WARRANTIES


 


The Company represents
and warrants to the Administrative Agent and the Lenders as of the date hereof and as of each Funding Date (including, for the
avoidance of doubt, the Closing Date) that:


 


5.01       Existence,
Qualification and Power. The Company and each Subsidiary thereof (a) is duly organized or formed, validly existing and,
as applicable, in good standing under the Laws of the jurisdiction of its incorporation or organization, (b) has all requisite
power and authority to (i) own or lease its assets and carry on its business and (ii) in the case of the Company only,
execute, deliver and perform its obligations under the Loan Documents to which it is a party, (c) has all requisite governmental
licenses, authorizations, consents and approvals to (i) own or lease its assets and carry on its business and (ii) in
the case of the Company only, execute, deliver and perform its obligations under the Loan Documents to which it is a party and
(d) is duly qualified and is licensed and, as applicable, in good standing under the Laws of each jurisdiction where its
ownership, lease or operation of properties or the conduct of its business requires such qualification or license, except in each
case referred to in clause (a), (b)(i), (c)(i) or (d), to the extent that failure to do so would not, in the aggregate, reasonably
be expected to have a Material Adverse Effect.


 


5.02       Authorization;
No Contravention. The execution, delivery and performance by the Company of each Loan Document to which such Person is party,
have been duly authorized by all necessary corporate or other organizational action, and do not and will not (a) contravene
the terms of any of such Person’s Organization Documents; (b) conflict with or result in any breach or contravention
of, or the creation of any Lien under, or require any payment to be made under (i) any Contractual Obligation binding on
such Person or its assets, or (ii) any material order, injunction, writ or decree of any Governmental Authority or any arbitral
award to which such Person or its property is subject; or (c) violate any Law in any material respect; except in each case
referred to in clause (b) or (c), to the extent that such conflict, breach, contravention, Lien, payment or violation would
not, in the aggregate, reasonably be expected to have a Material Adverse Effect.


 


5.03       Governmental
Authorization. No approval, consent, exemption, authorization, or other material action by, or material notice to, or material
filing with (other than any SEC filing by the Company in compliance with the SEC disclosure obligations), any Governmental Authority
is necessary or required in connection with the execution, delivery or performance by, or enforcement against, the Company of
this Agreement or any other Loan Document.


 






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5.04       Binding
Effect. This Agreement has been, and each other Loan Document, when delivered hereunder, will have been, duly executed and
delivered by the Company. This Agreement constitutes, and each other Loan Document when so delivered will constitute, a legal,
valid and binding obligation of the Company, enforceable against the Company in accordance with its terms, subject to applicable
Debtor Relief Laws and general principles of equity, regardless of whether considered in a proceeding in equity or at law.


 


5.05       Financial
Statements; No Material Adverse Effect.


 


(a)            The
Audited Financial Statements (i) were prepared in accordance with GAAP consistently applied throughout the period covered
thereby, except as otherwise expressly noted therein; and (ii) fairly present in all material respects the financial condition
of the Company and its Subsidiaries as of the date thereof and their results of operations for the period covered thereby and the
Audited Financial Statements show, reflect or describe all material indebtedness and other material contingent liabilities of the
Company and its Subsidiaries as of the date thereof, in each case, to the extent required to be reflected thereon pursuant to GAAP,
including liabilities for taxes, material long-term commitments and Indebtedness other than those that are (A) not material
to the Company and its Subsidiaries as a whole or (B) are reflected in the Company’s most recent report on Form 10-K
and any subsequent reports on Form 10-Q or Form 8-K filed with the SEC.


 


(b)            Since
the date of the Audited Financial Statements, there has been no event or circumstance, either individually or in the aggregate,
that has had or would reasonably be expected to have a Material Adverse Effect.


 


5.06       Litigation.
Except as specifically disclosed in the Company’s or the Target’s Annual Report on Form 10-K or Form 20-F,
respectively, and any other filings with the SEC or BaFin from time to time, there are no actions, suits, proceedings, claims
or disputes pending or, to the knowledge of the Company, threatened, at law, in equity, in arbitration or before any Governmental
Authority, by or against the Company or any of its Subsidiaries or against any of their properties or revenues that either individually
or in the aggregate would reasonably be expected to have a Material Adverse Effect.


 


5.07       Margin
Regulations; Investment Company Act.


 


(a)            No
part of the proceeds of any Loan will be used for any purpose that violates the provisions of Regulation U or any of the other
Regulations of the FRB. If requested by any Lender or the Administrative Agent, the Company will furnish to the Administrative
Agent and each Lender a statement to the forgoing effect in conformity with the requirements of FR Form G-3 or FR Form U-1,
as applicable, referred to in Regulation U.


 


(b)           The
Company is not required to be registered as an “investment company” under the Investment Company Act of 1940.


 


5.08       Disclosure.
No report, financial statement, certificate or other information furnished by or on behalf of the Company to the Administrative
Agent or any Lender in connection with the transactions contemplated hereby or delivered hereunder or under any other Loan Document
(in each case, as modified or supplemented by other information so furnished, and with respect to any of the foregoing relating
to the Target, to the best of the Company’s knowledge), taken as a whole, contains, when furnished, any untrue statement
of material fact or omits, when furnished, to state any material fact necessary to make the statements therein, in the light of
the circumstances under which they were made, not misleading; provided that, with respect to management projections or
guidance or forward looking statements, the Company represents only that such information was prepared in good faith based upon
assumptions believed by the preparer thereof to be reasonable at the time, it being recognized by the Lenders that such financial
information as it relates to future events is not to be viewed as fact and that actual results during the period or periods covered
by such financial information may differ from the projected results set forth therein by a material amount.


 






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5.09       Affected
Financial Institutions. (a) The Company is not an EEA Financial Institution.


 


5.10       Sanctions
and Anti-Corruption.


 


(a)           The Company is
not (i) currently the subject of any Sanctions or (ii) located, organized or residing in any Designated
Jurisdiction, if such activity would be prohibited by Sanctions applicable to any Person organized in the United States or
the United Kingdom. No Company Related Party that is a Subsidiary of the Company is listed on the Sanctioned Persons Lists
and no Company Related Party that is a director or senior officer of the Company or a Company Related Party that is a
Subsidiary of the Company is, to the best knowledge of the Company, listed on the Sanctioned Persons Lists. The Company has
implemented and maintains in effect policies and procedures reasonably designed to effectuate compliance by the Company and
all Company Related Parties with applicable Sanctions. No proceeds from any Loan has been or will be directly or, to the
knowledge of the Company, indirectly, used by the Company, or loaned, contributed, provided or otherwise made available by
the Company, to fund any activity or business in any Designated Jurisdiction or to fund any activity or business of or with
any Person located, organized or residing in any Designated Jurisdiction or who is the subject of any Sanctions, if such
activity would be prohibited by Sanctions applicable to any Person organized in the United States or the United Kingdom.


 


(b)           The
Company has implemented and maintains in effect policies and procedures reasonably designed to effectuate compliance by the Company
and all Company Related Parties with applicable Anti-Corruption Laws. No proceeds from any Loan has been or will be, directly or,
to the knowledge of the Company, indirectly, used by the Company, or loaned, contributed, provided or otherwise made available
by the Company to fund any activity or business in any manner that will result in any violation by any Person (including any Lender,
the Arrangers or the Administrative Agent) of Anti-Corruption Laws.


 


ARTICLE VI.


 


AFFIRMATIVE
COVENANTS


 


From and after the Closing Date (immediately
after the Borrowing of Loans on such date) and for so long as any Loan or other Obligation hereunder (other than contingent indemnification
obligations for which no claim has been made) shall remain unpaid or unsatisfied, the Company shall, and shall (except in the case
of the covenants set forth in Sections 6.01, 6.02, and 6.03) cause each Subsidiary to:


 


6.01       Financial
Statements. Deliver to the Administrative Agent (for distribution to each Lender), in form and detail reasonably satisfactory
to the Administrative Agent and the Required Lenders:


 


(a)             as
soon as available, but in any event within the filing deadline applicable to the Company set forth in the SEC regulations promulgated
pursuant to Section 13 of the Exchange Act, after the end of each fiscal year of the Company (commencing with the fiscal year
ending after the Closing Date), a consolidated balance sheet of the Company and its Subsidiaries as at the end of such fiscal year,
and the related consolidated statements of income or operations, shareholders’ equity and cash flows for such fiscal year,
setting forth in each case in comparative form the figures for the previous fiscal year, prepared in accordance with GAAP, audited
and accompanied by a report and opinion of a Registered Public Accounting Firm of nationally recognized standing, which report
and opinion shall be prepared in accordance with generally accepted auditing standards and applicable Securities Laws and shall
not be subject to any “going concern” or like qualification or exception or any qualification or exception as to the
scope of such audit; and


 






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(b)            as
soon as available, but in any event within the filing deadline applicable to the Company set forth in the SEC regulations promulgated
pursuant to Section 13 of the Exchange Act, after the end of each of the first three fiscal quarters of each fiscal year of
the Company (commencing with the first fiscal quarter ending after the Closing Date), a consolidated balance sheet of the Company
and its Subsidiaries as at the end of such fiscal quarter, and the related consolidated statements of income or operations, shareholders’
equity and cash flows for such fiscal quarter and for the portion of the Company’s fiscal year then ended, setting forth
in each case in comparative form the figures for the corresponding fiscal quarter of the previous fiscal year and the corresponding
portion of the previous fiscal year, all in reasonable detail, and certified by a Responsible Officer of the Company as fairly
presenting in all material respects the financial condition, results of operations, shareholders’ equity and cash flows of
the Company and its Subsidiaries in accordance with GAAP, subject to normal year-end audit adjustments and the absence of footnotes.


 


Notwithstanding anything to the contrary
in this Section 6.01, the Company shall not be required to deliver any financial statements to the Administrative Agent
with respect to any period for which it has timely filed its Form 10-K or Form 10-Q, as the case may be, with the SEC;
provided, that such Form 10-K or Form 10-Q, as the case may be, is publicly available on the SEC’s website
(or a similar website) within the time periods required by this Section.


 


6.02       Certificates;
Other Information. Deliver to the Administrative Agent (for distribution to each Lender), in form and detail reasonably satisfactory
to the Administrative Agent and the Required Lenders:


 


(a)            concurrently
with the delivery of the financial statements referred to in Section 6.01(a), a certificate of a Responsible Officer
of the Company stating that such Responsible Officer has no knowledge of any Default under the financial covenants set forth in
Section 7.03 and Section 7.04 or, if any such Default shall exist, stating the nature and status of such
event;


 


(b)            concurrently
with the delivery of the financial statements referred to in Sections 6.01(a) and (b), a duly completed Compliance
Certificate signed by the chief executive officer, chief financial officer, treasurer, assistant treasurer or controller of the
Company;


 


(c)            promptly,
and in any event within five Business Days after receipt thereof by the Company or any Subsidiary thereof, copies of each notice
or other correspondence received from the SEC (or comparable agency in any applicable non-U.S. jurisdiction) concerning any investigation
by such agency regarding financial or other operational results of the Company or any Subsidiary thereof; and


 


(d)            promptly,
such additional information regarding the business, financial or corporate affairs of the Company or any Subsidiary, or compliance
with the terms of the Loan Documents, or such additional information related to the purchase of the Equity Securities of the Target
in connection with the consummation of the Acquisition as the Administrative Agent or any Lender may from time to time reasonably
request.


 


Documents required
to be delivered pursuant to Section 6.01(a) or (b) may be delivered electronically and if so delivered,
shall be deemed to have been delivered on the date (i) on which the Company posts such documents, or provides a link thereto
on the Company’s website on the Internet at the website address listed on Schedule 10.02; or (ii) on which such
documents are posted on the Company’s behalf on an Internet or intranet 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). Except for such
Compliance Certificates, the Administrative Agent shall have no obligation to request the delivery or to maintain copies of the
documents referred to above, and in any event shall have no responsibility to monitor compliance by the Company with any such request
for delivery, and each Lender shall be solely responsible for requesting delivery to it or maintaining its copies of such documents.


 






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The Company hereby
acknowledges that (a) the Administrative Agent and/or the Arrangers may, but shall not be obligated to, make available to
the Lenders materials and/or information provided by or on behalf of the Company hereunder (collectively, the “Company
Materials”) by posting the Company Materials on Debt Domain, IntraLinks 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 Company or its 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 Company hereby agrees that (w) all Company Materials that are to be made available to Public Lenders shall
be clearly and conspicuously marked “PUBLIC” which, at a minimum, shall mean that the word “PUBLIC” shall
appear prominently on the first page thereof; (x) by marking Company Materials “PUBLIC,” the Company shall
be deemed to have authorized the Administrative Agent, the Arrangers and the Lenders to treat such Company Materials as not containing
any material non-public information with respect to the Company or its securities for purposes of United States Federal and state
securities laws (provided, however, that to the extent such Company Materials constitute Information, they shall
be treated as set forth in Section 10.07); (y) all Company 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 Company Materials that are not marked “PUBLIC” as being suitable
only for posting on a portion of the Platform not designated “Public Side Information.” Notwithstanding the foregoing,
the Company shall be under no obligation to mark any Company Materials “PUBLIC.”


 


6.03       Notices.
Promptly, after a Responsible Officer of the Company obtains knowledge thereof, notify the Administrative Agent:


 


(a)            of
the occurrence of any Default;


 


(b)            of
any matter that has resulted or would reasonably be expected to result in a Material Adverse Effect;


 


(c)            of
the occurrence of any ERISA Event or the institution of proceedings or the taking of any other action by the PBGC or any Plan with
respect to the withdrawal from or the termination or insolvency of, any Plan that, in any case, would reasonably be expected to
have a Material Adverse Effect; and


 


(d)            of
any material change in accounting policies or financial reporting practices by the Company or any Subsidiary.


 


Each notice pursuant
to this Section 6.03 shall be accompanied by a statement of a Responsible Officer of the Company setting forth details
of the occurrence referred to therein and stating what action the Company has taken and proposes to take with respect thereto.
Each notice pursuant to Section 6.03(a) shall describe with particularity any and all provisions of this Agreement
and any other Loan Document that have been breached and shall be provided to the Administrative Agent for distribution to the Lenders.


 






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6.04       Payment
of Taxes. Pay and discharge as the same shall become due and payable (subject to any applicable grace periods and tax extensions)
all tax liabilities, assessments and governmental charges or levies upon it or its properties or assets, except, in each case,
(i) to the extent the same are being contested in good faith by appropriate proceedings diligently conducted and adequate
reserves, if any, in accordance with GAAP are being maintained by the Company or such Subsidiary or (ii) where any failure
thereof would not reasonably be expected to result in a Material Adverse Effect.


 


6.05       Preservation
of Existence, Etc. (a)  Preserve, renew and maintain in full force and effect the legal existence and good standing
(or equivalent status) of the Company under the Laws of the jurisdiction of its organization except in a transaction permitted
by Section 7.02; and (b) take all reasonable action to maintain all rights, privileges, permits, licenses and
franchises necessary or desirable in the normal conduct of its business, except, in each case, to the extent that failure to do
so would not reasonably be expected to have a Material Adverse Effect.


 


6.06       Compliance
with Laws. Comply in all material respects with the requirements of all Laws and all orders, writs, injunctions and decrees
applicable to it or to its business or property, except in such instances in which (a) such requirement of Law or order,
writ, injunction or decree is being contested in good faith by appropriate proceedings diligently conducted; or (b) the failure
to comply therewith, in the aggregate, would not reasonably be expected to have a Material Adverse Effect.


 


6.07       Use
of Proceeds. Use the proceeds of the Loans to fund the purchase of Equity Securities of the Target pursuant to the Acquisition
Agreement and to pay all or a portion of the costs incurred by the Company or any of its Subsidiaries in connection therewith.


 


ARTICLE VII.


 


NEGATIVE
COVENANTS


 


From and after the
Closing Date (immediately after the Borrowing of Loans on that date) and for so long as any Loan or other Obligation hereunder
(other than contingent indemnification obligations for which no claim has been made) shall remain unpaid or unsatisfied, (i) with
respect to Section 7.01, the Company shall not, nor shall it permit any Subsidiary to, directly or indirectly and (ii) with
respect to Section 7.02, Section 7.03 and Section 7.04, the Company shall not:


 


7.01       Liens.
Create, incur, assume or suffer to exist any Lien upon any of its property, assets or revenues (other than Liens on Margin Stock
created, incurred or assumed at a time when such Margin Stock constitutes Unrestricted Margin Stock), whether now owned or hereafter
acquired, other than the following:


 


(a)            Liens
pursuant to any Loan Document;


 


(b)            Liens
(I) on the assets of the Company or any of its Subsidiaries existing on the Effective Date or (II) on assets of the Target
or any of the Target’s Subsidiaries existing on the Closing Date (or, if the condition set forth in Section 4.02(h)(ii) is
satisfied on the Closing Date, the Business Day following the Closing Date), and, in each case, any renewals, replacements or extensions
thereof; provided that (i) the property covered thereby is not changed (other than any improvements thereto and proceeds
thereof) and (ii) the aggregate principal amount of Indebtedness secured thereby is not increased above the commitment or
limits as in effect on (in respect of Liens under clause (I) above) the Effective Date or (in respect of Liens under clause
(II) above) the Closing Date except in an amount equal to the fees and expenses of such renewal, replacement or extension;


 






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(c)            Liens
on property of the Company and its Subsidiaries not reflected on the consolidated balance sheet of the Company and its Subsidiaries
that are limited to amounts that have been irrevocably deposited with a financial institution;


 


(d)            Liens
for Taxes not yet delinquent, that remain payable without penalty, or which are being contested in good faith and by appropriate
proceedings diligently conducted, if adequate reserves with respect thereto are maintained on the books of the applicable Person
in accordance with GAAP;


 


(e)            carriers’,
warehousemen’s, mechanics’, materialmen’s, repairmen’s or other like Liens arising in the ordinary course
of business which are not delinquent for a period of more than 60 days or which are being contested in good faith and by appropriate
proceedings diligently conducted;


 


(f)             pledges
or deposits in connection with workers’ compensation, unemployment insurance and other social security legislation;


 


(g)            pledges
or deposits to secure the performance of bids, trade contracts (other than for borrowed money), leases, statutory obligations,
surety and appeal bonds, performance bonds and other obligations of a like nature incurred in the ordinary course of business (including
deposits to secure letters of credit issued to secure any such obligation);


 


(h)            easements,
rights-of-way, restrictions and other similar encumbrances affecting real property which, in the aggregate, are not substantial
in amount, and which do not in any case materially detract from the value of the property subject thereto or materially interfere
with the ordinary conduct of the business of the applicable Person;


 


(i)              Liens
securing judgments for the payment of money or securing appeal or other surety bonds related to such judgments;


 


(j)             customary
rights of setoff upon deposit accounts and securities accounts of cash in favor of banks or other depository institutions and securities
intermediaries; provided that (i) such deposit account or securities account is not a dedicated cash collateral account
and is not subject to restrictions against access by the Company or any of its Subsidiaries owning the affected deposit account
or other funds maintained with a creditor depository institution in excess of those set forth by regulations promulgated by the
FRB or any foreign regulatory agency performing an equivalent function, and (ii) such deposit account or securities account
is not intended by the Company or any of its Subsidiaries to provide collateral (other than such as is ancillary to the establishment
of such deposit account or securities account) to the depository institution;


 


(k)            Liens
arising under Cash Management Agreement pooling arrangements;


 


(l)             any
interest or title of a lessor under any lease entered into by the Company or any of its Subsidiaries in the ordinary course of
its business and covering only the assets so leased;


 


(m)            Liens
incurred pursuant to a Permitted Securitization on the property and rights that are subject thereto;


 


(n)            licenses,
operating leases or subleases permitted hereunder granted to other Persons in the ordinary course of business not interfering in
any material respect with the business of the Company or any of its Subsidiaries;


 






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(o)            Liens
arising from precautionary UCC financing statement filings with respect to operating leases or consignment arrangements entered
into by the Company or any of its Subsidiaries in the ordinary course of business;


 


(p)            Liens
on property of a Person existing at the time such Person is merged into or consolidated with the Company or any Subsidiary or becomes
a Subsidiary of the Company and the replacement, extension or renewal of such Liens (or the Indebtedness secured thereby); provided
that (i) such Liens were not created in contemplation of such merger, consolidation or acquisition and do not extend to any
assets other than those of the Person (or any of its Subsidiaries) so merged into or consolidated with the Company or such Subsidiary
or acquired by the Company or such Subsidiary and (ii) no such replacement, extension or renewal of such Lien or the Indebtedness
secured thereby may (A) increase or change the assets secured by such Lien or (B) increase the aggregate principal amount
(or, as applicable, the committed amount) of Indebtedness secured by such Lien (other than by an amount equal to the fees and expenses
of such replacement, extension or renewal);


 


(q)            Liens
in favor of the Company or any of its Subsidiaries;


 


(r)            (i) Liens
on fixed or capital assets (including real property) to secure the payment of all or any part of the cost of acquisition, construction,
development or improvement of such assets, or to secure Indebtedness incurred to provide funds for any such purpose; provided that
(i) the commitment of the creditor to extend the credit secured by any such Lien shall have been obtained not later than 12
months after the completion of the acquisition, construction, development or improvement of such assets, (ii) the Indebtedness
secured by such Lien does not exceed the cost of such acquisition, construction, development or improvement of such assets (other
than by an amount equal to any related financing costs (including, but not limited to, the accrued interest and premium and fees,
if any, on the Indebtedness so secured)), and (iii) such Lien shall not apply to any other property of the Company or any
Subsidiary, except for accessions and improvements to such fixed or capital assets covered by such Lien and the proceeds and products
thereof and (ii) the replacement, extension or renewal of such Liens (or the Indebtedness secured thereby) provided that no
such replacement, extension or renewal of such Lien or the Indebtedness secured thereby may (A) increase or change the assets
secured by such Lien except as would have been originally permitted to be secured by the Lien or Indebtedness being replaced, extended
or renewed pursuant to the preceding subclause (iii) or (B) increase the aggregate principal amount (or, as applicable,
the committed amount) of Indebtedness secured by such Lien (other than by an amount equal to the fees and expenses of such replacement,
extension or renewal); and


 


(s)            other
Liens securing Indebtedness in an aggregate principal amount not to exceed, at the time of and after giving effect to the incurrence
of such Indebtedness, 10% of the book value of the Consolidated Total Tangible Assets of the Company and its Subsidiaries; provided
the Company and its Subsidiaries shall be permitted to grant Liens securing Indebtedness in aggregate principal amount in excess
of such threshold in connection with the replacement, extension or renewal of any such Indebtedness previously incurred pursuant
to this clause (s) so long as the aggregate principal amount of such Indebtedness as so replaced, extended or renewed does
not exceed the amount outstanding immediately prior to such replacement, extension or renewal except by an amount equal to the
fees and expenses of such replacement, extension or renewal.


 


7.02       Fundamental
Changes. Merge, dissolve or liquidate into or consolidate with another Person, or Dispose of (whether in one transaction or
in a series of transactions) all or substantially all of its assets (whether now owned or hereafter acquired) to another Person,
except that the Company may merge, dissolve or liquidate into or consolidate with any other Person or Dispose of all or substantially
all of its assets to another Person provided that (i) the surviving or acquiring entity is a Person organized under the laws
of the United States of America, any State thereof or the District of Columbia, (ii) the surviving or acquiring person, if
other than the Company, expressly assumes the performance of the obligations of the Company under the Loan Documents pursuant
to an instrument executed and delivered to the Administrative Agent and (iii) immediately after giving effect to such transaction,
no Default shall exist. Upon any consolidation by the Company with or merger, liquidation or dissolution by the Company into any
other Person or Disposition of all or substantially all the assets to any other Person, the surviving or acquiring Person shall
succeed to, and be substituted for, and may exercise every right and power of, the Company under this Agreement with the same
effect as if such surviving or acquiring Person had been named as the Company herein, and the Company shall be released from all
its obligations under the Loan Documents and shall cease to be a party thereto. For the avoidance of doubt, this Section 7.02
(x) shall only apply to a merger or consolidation in which the Company is not the surviving entity and (y) shall not
apply to any Disposition among the Company and any of its Subsidiaries.


 






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7.03        Consolidated
Net Leverage Ratio. Permit the Consolidated Net Leverage Ratio as at the last day of any fiscal quarter of the Company (commencing
with the first full fiscal quarter completed after the Closing Date) to be greater than 5.0 to 1.0 for the first two full consecutive
fiscal quarters ended on or after the Closing Date, with such ratio stepping down to 4.0 to 1.0 for the two immediately following
fiscal quarters, and then stepping down to 3.5 to 1.0 for each fiscal quarter ended thereafter; provided that (x) at
any time after the definitive agreement for any Qualified Acquisition shall have been executed (or, in the case of a Qualified
Acquisition in the form of a tender offer or similar transaction, after the offer shall have been launched) and prior to the consummation
of such Qualified Acquisition (or termination of the definitive documentation in respect thereof (or such later date as such Indebtedness
ceases to constitute Acquisition Debt)), any Acquisition Debt (and the proceeds of such Acquisition Debt) shall be excluded from
the determination of the Consolidated Net Leverage Ratio and (y) Indebtedness incurred by the Company or any of its Subsidiaries
in favor of Target or any of its Affiliates in connection with the Acquisition pursuant to the terms of the Acquisition Agreement
shall not constitute Indebtedness for purposes of calculating the maximum Consolidated Net Leverage Ratio. The following will
apply at any time the required Consolidated Net Leverage Ratio has stepped down to be 4.0 to 1.0 or less: at the Company’s
election within 30 days of a Qualified Acquisition being consummated, such ratio shall instead be 4.5 to 1.0 for the two consecutive
fiscal quarters ended immediately on or after the date such Qualified Acquisition is consummated, after which such ratio shall
step down to 4.0 to 1.0 for the next two consecutive fiscal quarters and then down to 3.5 to 1.0 thereafter. The step-up in the
Consolidated Net Leverage Ratio described in the immediately preceding sentence may occur multiple times over the life of this
Agreement, provided that the Consolidated Net Leverage Ratio test must step back down to 3.5 to 1.0 and be tested for at least
one fiscal quarter prior to such ratio being permitted to step up based on a new Qualified Acquisition.


 


7.04       Consolidated
Interest Coverage Ratio. Permit the Consolidated Interest Coverage Ratio as at the last day of any fiscal quarter of the Company
(commencing with the first full fiscal quarter completed after the Closing Date) to be less than 3.0 to 1.0; provided that
(x) at any time after the definitive agreement for any Qualified Acquisition shall have been executed (or, in the case of
a Qualified Acquisition in the form of a tender offer or similar transaction, after the offer shall have been launched) and prior
to the consummation of such Qualified Acquisition (or termination of the definitive documentation in respect thereof (or such
later date as such Indebtedness ceases to constitute Acquisition Debt)), any Acquisition Debt (and the proceeds of such Acquisition
Debt) shall be excluded from the determination of the Consolidated Interest Coverage Ratio and (y) Indebtedness incurred
by the Company or any of its Subsidiaries in favor of Target or any of its Affiliates in connection with the Acquisition pursuant
to the terms of the Acquisition Agreement shall not constitute Indebtedness for purposes of calculating the minimum Consolidated
Interest Coverage Ratio.


 






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ARTICLE VIII.


 


EVENTS
OF DEFAULT AND REMEDIES


 


8.01       Events
of Default. From and after the Closing Date (immediately after the initial Borrowing of Loans on that date), any of the following
shall constitute an “Event of Default” (it being understood that the occurrence of an event on or prior to the making
of the Loans on the Closing Date that would otherwise constitute an Event of Default may constitute an Event of Default immediately
after the making of the Loans on the Closing Date pursuant to the terms of Article VIII, if continuing or uncured immediately
after the Closing Date):


 


(a)            Non-Payment.
The Company fails to pay (i) when and as required to be paid herein, and in the currency required hereunder, any amount of
principal of any Loan or (ii) within five days after the same becomes due, any interest on any Loan, any fee due hereunder,
or any other amount payable hereunder or under any other Loan Document; or


 


(b)            Specific
Covenants. The Company fails to perform or observe any term, covenant or agreement contained in any of Section 6.03(a),
6.05 (with respect to the existence of the Company), 6.07 or Article VII; or


 


(c)            Other
Defaults. The Company fails to perform or observe any other covenant or agreement (not specified in subsection (a) or
(b) above) contained in any Loan Document on its part to be performed or observed and such failure continues for 30 days after
the earlier of (i) a Responsible Officer of the Company having knowledge of such Default or (ii) the receipt by the Company
of written notice from the Administrative Agent or any Lender of such Default; or


 


(d)            Representations
and Warranties. Any representation, warranty, certification or statement of fact made or deemed made by or on behalf of the
Company herein, in any other Loan Document, or in any document delivered in connection herewith or therewith shall be incorrect
or misleading in any material respect when made or deemed made; or


 


(e)            Cross-Default.
(i) The Company or any Material Subsidiary (A) fails to make any payment when due (whether by scheduled maturity, required
prepayment, acceleration, demand, or otherwise and after any applicable grace period) in respect of any Indebtedness (other than
Indebtedness hereunder and Indebtedness under Swap Contracts) or Guarantee having an aggregate principal amount (including amounts
owing to all creditors under any combined or syndicated credit arrangement) of more than the Threshold Amount (any such Indebtedness
or Guarantee, “Threshold Indebtedness”), or (B) fails to observe or perform (after any applicable grace
period) any other agreement or condition relating to any Threshold Indebtedness or contained in any instrument or agreement evidencing,
securing or relating thereto (other than in respect of the Target’s Senior Loans and Senior Notes (each as defined in the
Acquisition Agreement as of the date hereof)), or any other event occurs, the effect of which default or other event (other than
(t) in the event that a lender under the Existing Revolving Credit Agreement or any other revolving credit facility becomes
a “Defaulting Lender” (as defined therein), a prepayment or cash collateralization by the Company of any unreallocated
portion of such Defaulting Lender’s outstanding swing line loans under the Existing Revolving Credit Agreement or any other
revolving credit facility, (u) any repurchase, repayment or redemption or any offer to repurchase, prepay or redeem Indebtedness
of any Person acquired by the Company or any Subsidiary based on a change of control as a result of the consummation of the acquisition,
(v) the mandatory prepayment of any bridge financing made with the proceeds of permanent financing or the proceeds of asset
sales or equity issuances, (w) any such default or event arising solely out of the violation by the Company or any of its
Subsidiaries of any covenant in any way restricting the Company, or any such Subsidiary’s, right or ability to sell, pledge
or otherwise dispose of Unrestricted Margin Stock, (x) any event requiring the repurchase, repayment or redemption (automatically
or otherwise) or an offer to repurchase, prepay or redeem any Threshold Indebtedness, or the delivery of any notice with respect
thereto, solely as a result of the Company’s or any of its Subsidiaries’ failure to consummate a merger or other acquisition
contemplated to be funded in whole or in part with the proceeds of such Threshold Indebtedness, (y) in respect of the Target’s
Senior Loans and Senior Notes (each as defined the Acquisition Agreement as of the date hereof) or (z) for the avoidance of
any doubt, any right (including any prior right) of a holder or holders of any Threshold Indebtedness that is convertible into
Equity Securities to require the repurchase, repayment or redemption of such Threshold Indebtedness on a predetermined date provided
in the documentation for such Threshold Indebtedness, or an offer to repurchase, repay or redeem such Threshold Indebtedness on
such date or the delivery of a notice with respect thereto) is to cause, after the giving of notice if required, such Threshold
Indebtedness to be demanded or to become due or to be repurchased, prepaid, defeased or redeemed (automatically or otherwise),
or an offer to repurchase, prepay, defease or redeem such Indebtedness to be made, prior to its stated maturity, or such Threshold
Indebtedness to become payable or cash collateral in respect thereof to be demanded (other than as described in clauses (t), (u),
(v), (w), (x), (y) and (z) of this clause (B)); or (ii) there occurs under any Swap Contract an Early Termination
Date (as defined in such Swap Contract) resulting from any event of default under such Swap Contract as to which the Company or
any Subsidiary is the Defaulting Party (as defined in such Swap Contract) and the Swap Termination Value owed by the Company or
such Subsidiary as a result thereof is greater than the Threshold Amount; or


 






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(f)            Insolvency
Proceedings, Etc. The Company or any of its Material Subsidiaries (other than any Material Subsidiary incorporated in Germany)
institutes or consents to the institution of any proceeding under any Debtor Relief Law, or makes an assignment for the benefit
of creditors; or applies for or consents to the appointment of any receiver, trustee, custodian, conservator, liquidator, rehabilitator
or similar officer for it or for all or any material part of its property; or any receiver, trustee, custodian, conservator, liquidator,
rehabilitator or similar officer is appointed without the application or consent of such Person and the appointment continues undischarged
or unstayed for 60 calendar days; or any proceeding under any Debtor Relief Law relating to any such Person or to all or any material
part of its property is instituted without the consent of such Person and continues undismissed or unstayed for 60 calendar days,
or an order for relief is entered in any such proceeding; or any Material Subsidiary incorporated in Germany files for any of the
reasons set out in Sections 17 through 19 (inclusive) of the German Insolvenzordnung for insolvency (Antrag auf Eröffnung
eines Insolvenzverfahrens) or the board of directors of any such Material Subsidiary is required by law to file for insolvency
or the competent court takes any of the actions set out in Section 21 of the German Insolvenzordnung or the competent court
institutes insolvency proceedings against any such Material Subsidiary (Eröffnung des Insolvenzverfahrens); or


 


(g)            Inability
to Pay Debts; Attachment. (i) The Company or any of its Material Subsidiaries becomes unable or admits in writing its
inability or fails generally to pay its debts as they become due, or (ii) any writ or warrant of attachment or execution or
similar process is issued or levied against all or any material part of the property of any such Person and is not released, vacated
or fully bonded within 60 days after its issue or levy; or


 


(h)            Judgments.
There is entered against the Company or any Material Subsidiary one or more final judgments or orders for the payment of money
in an aggregate amount (as to all such judgments or orders) exceeding the Threshold Amount (to the extent not covered by either
(i) independent third-party insurance as to which the insurer does not dispute coverage or (ii) another creditworthy
(as reasonably determined by the Administrative Agent) indemnitor that has been notified thereof and has acknowledged its indemnity
obligations with respect thereto) and there is a period of 60 consecutive days during which a stay of enforcement of such judgment,
by reason of a pending appeal or otherwise, is not in effect or such judgment is not satisfied, vacated or discharged; or


 






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(i)             ERISA.
(i) An ERISA Event occurs with respect to a Pension Plan or Multiemployer Plan which has resulted or would reasonably be expected
to result in liability of the Company under Title IV of ERISA to the Pension Plan, Multiemployer Plan or the PBGC in an aggregate
amount in excess of the Threshold Amount, or (ii) the Company or any ERISA Affiliate fails to pay when due, after the expiration
of any applicable grace period, any installment payment with respect to its withdrawal liability under Section 4201 of ERISA
under a Multiemployer Plan in an aggregate amount in excess of the Threshold Amount; or


 


(j)             Invalidity
of Loan Documents. The Company denies that it has any or further liability or obligation under any Loan Document (other than
as expressly permitted or contemplated hereby or thereby), or purports to revoke, terminate or rescind any Loan Document (other
than as expressly permitted or contemplated hereunder or thereunder); or


 


(k)            Change
of Control. There occurs any Change of Control.


 


8.02       Remedies
Upon Event of Default. Subject to Section 4.04, if any Event of Default exists, the Administrative Agent shall, at the
request of, or may, with the consent of, the Required Lenders, take any or all of the following actions:


 


(a)            declare
the unpaid principal amount of all outstanding Loans, all interest accrued and unpaid thereon, and all other amounts owing or payable
hereunder or under any other Loan Document to be immediately due and payable, without presentment, demand, protest or other notice
of any kind, all of which are hereby expressly waived by the Company; and


 


(b)            exercise
on behalf of itself and the Lenders all rights and remedies available to it or to the Lenders under the Loan Documents;


 


provided, however, that
upon the occurrence of an actual or deemed entry of an order for relief with respect to the Company under the Bankruptcy Code
of the United States, the unpaid principal amount of all outstanding Loans and all interest and other amounts as aforesaid shall
automatically become due and payable without further act of the Administrative Agent or any Lender. Notwithstanding anything to
the contrary contained herein, in no event shall the existence of a Default or Event of Default affect the Obligations of each
Lender to make Loans under Section 2.01 on any Funding Date if the conditions set forth in Section 4.02
or Section 4.03, as applicable, are satisfied.


 


8.03       Application
of Funds. After the exercise of remedies provided for in Section 8.02 (or after the Loans have automatically become
immediately due and payable), any amounts received on account of the Obligations shall, subject to the provisions of Section 2.12,
be applied by the Administrative Agent in the following order:


 


First,
to payment of that portion of the Obligations constituting fees, indemnities, expenses and other amounts (including fees, charges
and disbursements of counsel to the Administrative Agent and amounts payable under Article III) payable to the Administrative
Agent in its capacity as such;


 


Second,
to payment of that portion of the Obligations constituting fees, indemnities and other amounts (other than principal and interest)
payable to the Lenders (including fees, charges and disbursements of counsel to the respective Lenders and amounts payable under
Article III), ratably among them in proportion to the respective amounts described in this clause Second payable
to them;


 



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Third,
to payment of that portion of the Obligations constituting accrued and unpaid interest on the Loans and other Obligations arising
under the Loan Documents, ratably among the Lenders in proportion to the respective amounts described in this clause Third
payable to them;


 


Fourth,
to payment of that portion of the Obligations constituting unpaid principal of the Loans, ratably among the Lenders in proportion
to the respective amounts described in this clause Fourth held by them; and


 


Last,
the balance, if any, after all of the Obligations have been indefeasibly paid in full, to the Company or as otherwise required
by Law.


 


ARTICLE IX.


 


ADMINISTRATIVE
AGENT


 


9.01       Appointment
and Authority. Each of the Lenders hereby irrevocably appoints JPMCB to act on its behalf as the Administrative Agent hereunder
and under the other Loan Documents and authorizes the Administrative Agent to take such actions on its behalf and to exercise
such powers as are delegated to the Administrative Agent by the terms hereof or thereof, together with such actions and powers
as are reasonably incidental thereto. The provisions of this Article are solely for the benefit of the Administrative Agent
and the Lenders, and (except as expressly set forth in Section 9.06) the Company shall have no rights as a third party
beneficiary of any of such provisions. It is understood and agreed that the use of the term “agent” herein or in any
other Loan Documents (or any other similar term) with reference to the Administrative Agent is not intended to connote any fiduciary
or other implied (or express) obligations arising under agency doctrine of any applicable Law. Instead such term is used as a
matter of market custom, and is intended to create or reflect only an administrative relationship between contracting parties.


 


9.02       Rights
as a Lender. The Person serving as the 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 or unless the context otherwise requires, include the Person
serving as the Administrative Agent hereunder in its individual capacity. Such Person and its Affiliates may accept deposits from,
lend money to, own securities of, act as the financial advisor or in any other advisory capacity for and generally engage in any
kind of business with the Company or any Subsidiary or other Affiliate thereof as if such Person were not the Administrative Agent
hereunder and without any duty to account therefor to the Lenders.


 


9.03       Exculpatory
Provisions. The Administrative Agent shall not have any duties or obligations except those expressly set forth herein and
in the other Loan Documents, and its duties hereunder shall be administrative in nature. Without limiting the generality of the
foregoing, the Administrative Agent:


 









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(a)            shall
not be subject to any fiduciary or other implied duties, regardless of whether a Default exists;


 


(b)            shall
not have any duty to take any discretionary action or exercise any discretionary powers, except discretionary rights and powers
expressly contemplated hereby or by the other Loan Documents that the Administrative Agent is required to exercise as directed
in writing by the Required Lenders (or such other number or percentage of the Lenders as shall be expressly provided for herein
or in the other Loan Documents), 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 law, including for the avoidance of doubt any action that may be in violation of the automatic stay under
any Debtor Relief Law or that may effect a forfeiture, modification or termination of property of a Defaulting Lender in violation
of any Debtor Relief Law; and


 


(c)            shall
not, except as expressly set forth herein and in the other Loan Documents, have any duty to disclose, and shall not be liable for
the failure to disclose, any information relating to the Company or any of its Affiliates that is communicated to or obtained by
the Person serving as the Administrative Agent or any of its Affiliates in any capacity.


 


The Administrative
Agent shall not be liable for any action taken or not taken by it (i) with the consent or at the request of the Required 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 circumstances as provided in Sections 10.01 and 8.02) or (ii) in the absence
of its own gross negligence or willful misconduct as determined by a court of competent jurisdiction by final and non-appealable
judgment. The Administrative Agent shall be deemed not to have knowledge of any Default unless and until notice describing such
Default is given in writing to the Administrative Agent by the Company or a Lender.


 


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 this Agreement or any other Loan Document, (ii) the contents of any certificate, report or other
document delivered hereunder or thereunder or in connection herewith or therewith, (iii) the performance or observance of
any of the covenants, agreements or other terms or conditions set forth herein or therein or the occurrence of any Default, (iv) the
validity, enforceability, effectiveness or genuineness of this Agreement, any other Loan Document or any other agreement, instrument
or document or (v) the satisfaction of any condition set forth in Article IV or elsewhere herein, other than to
confirm receipt of items expressly required to be delivered to the Administrative Agent.


 


9.04       Reliance
by Administrative Agent. 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 that by its
terms must be fulfilled to the satisfaction of a Lender, the Administrative Agent may presume that such condition is
satisfactory to such Lender unless the Administrative Agent shall have received notice to the contrary from such Lender prior
to the making of such Loan. The Administrative Agent may consult with legal counsel (who may be counsel for the Company),
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.


 






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9.05       Delegation
of Duties. The Administrative Agent may perform any and all of its duties and exercise its rights and powers hereunder or
under any other Loan Document by or through any one or more sub-agents appointed by the Administrative Agent. The Administrative
Agent and any such sub-agent may perform any and all of its duties and exercise its rights and powers by or 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 Administrative Agent. The Administrative Agent shall not
be responsible for the negligence or misconduct of any sub-agents except to the extent that a court of competent jurisdiction
determines in a final and non-appealable judgment that the Administrative Agent acted with gross negligence or willful misconduct
in the selection of such sub-agents.


 


9.06       Resignation
of Administrative Agent.


 


(a)            The
Administrative Agent may at any time give notice of its resignation to the Lenders and the Company. Upon receipt of any such notice
of resignation, the Required Lenders shall have the right, in consultation with the Company, to appoint a successor, which shall
be a bank with an office in the United States, or an Affiliate of any such bank with an office in the United States. If no such
successor shall have been so appointed by the Required Lenders and shall have accepted such appointment within 30 days after
the retiring Administrative Agent gives notice of its resignation (or such earlier day as shall be agreed by the Required Lenders)
(the “Resignation Effective Date”), then the retiring Administrative Agent may (but shall not be obligated to)
on behalf of the Lenders appoint a successor Administrative Agent meeting the qualifications set forth above. Whether or not a
successor has been appointed, such resignation shall become effective in accordance with such notice on the Resignation Effective
Date.


 


(b)            If
the Person serving as Administrative Agent is a Defaulting Lender pursuant to clause (d) of the definition thereof,
the Required Lenders may, to the extent permitted by applicable law, by notice in writing to the Company and such Person remove
such Person as Administrative Agent and, in consultation with the Company, appoint a successor. If no such successor shall have
been so appointed by the Required Lenders and shall have accepted such appointment within 30 days (or such earlier day as shall
be agreed by the Required Lenders) (the “Removal Effective Date”), then such removal shall nonetheless become
effective in accordance with such notice on the Removal Effective Date.


 


(c)            With
effect from the Resignation Effective Date or the Removal Effective Date (as applicable) (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 on behalf of the Lenders under any of the Loan Documents, the retiring
or removed Administrative Agent shall continue to hold such collateral security until such time as a successor Administrative Agent
is appointed) and (ii) except for any indemnity payments or other amounts then owed to the retiring or removed Administrative
Agent, all payments, communications and determinations provided to be made by, to or through the Administrative Agent shall instead
be made by or to each Lender directly, until such time, if any, as the Required Lenders appoint a successor Administrative Agent
as provided for above. Upon the acceptance of a successor’s appointment as Administrative Agent hereunder, such successor
shall succeed to and become vested with all of the rights, powers, privileges and duties of the retiring (or removed) Administrative
Agent and other than any rights to indemnity payments or other amounts owed to the retiring or removed Administrative Agent as
of the Resignation Effective Date or the Removal Effective Date, as applicable), and the retiring or removed Administrative Agent
shall be discharged from all of its duties and obligations hereunder or under the other Loan Documents (if not already discharged
therefrom as provided above in this Section). The fees payable by the Company to a successor Administrative Agent shall be the
same as those payable to its predecessor unless otherwise agreed between the Company and such successor. After the retiring or
removed Administrative Agent’s resignation or removal hereunder and under the other Loan Documents, the provisions of this
Article and Section 10.04 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 actions taken or omitted to be taken by any of them
while the retiring or removed Administrative Agent was acting as Administrative Agent.


 






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9.07       Non-Reliance
on Administrative Agent and Other Lenders. Each Lender 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 Lender also acknowledges that
it will, 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 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 any related agreement or any document
furnished hereunder or thereunder.


 


9.08       No
Other Duties, Etc. Anything herein to the contrary notwithstanding, neither the Arrangers nor any of the other agents
listed on the cover page hereof shall have any powers, duties or responsibilities under this Agreement or any of the
other Loan Documents, except in its capacity, as applicable, as the Administrative Agent or a Lender hereunder.


 


9.09       Administrative
Agent May File Proofs of Claim. In case of the pendency of any proceeding under any Debtor Relief Law or any other judicial
proceeding relative to the Company, the Administrative Agent (irrespective of whether the principal of any Loan shall then be
due and payable as herein expressed or by declaration or otherwise and irrespective of whether the Administrative Agent shall
have made any demand on the Company) shall be entitled and empowered, by intervention in such proceeding or otherwise:


 


(a)            to
file and prove a claim for the whole amount of the principal and interest owing and unpaid in respect of the Loans and all other
Obligations that are owing and unpaid and to file such other documents as may be necessary or advisable in order to have the claims
of the Lenders and the Administrative Agent (including any claim for the reasonable compensation, expenses, disbursements and advances
of the Lenders and the Administrative Agent and their respective agents and counsel and all other amounts due the Lenders and the
Administrative Agent under Section 2.07 and 10.04) allowed in such judicial proceeding; and


 


(b)            to
collect and receive any monies or other property payable or deliverable on any such claims and to distribute the same;


 


and any custodian, receiver, assignee,
trustee, liquidator, sequestrator or other similar official in any such judicial proceeding is hereby authorized by each Lender
to make such payments to the Administrative Agent and, in the event that the Administrative Agent shall consent to the making of
such payments directly to the Lenders to pay to the Administrative Agent any amount due for the reasonable compensation, expenses,
disbursements and advances of the Administrative Agent and its agents and counsel, and any other amounts due the Administrative
Agent under Sections 2.07 and 10.04.


 


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 any plan of reorganization,
arrangement, adjustment or composition affecting the Obligations or the rights of any Lender to authorize the Administrative Agent
to vote in respect of the claim of any Lender in any such proceeding.


 






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9.10       ERISA
Representations.


 


(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 and the Arrangers, and not, for the avoidance of doubt, to or for the benefit of the Company, 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
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 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 Commitments and this Agreement, (C) the entrance into, participation
in, administration of and performance of the Loans, the Commitments and this Agreement satisfies the requirements of sub-sections
(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 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 sub-clause (i) in the immediately preceding clause (a) is true with respect to a Lender or such 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 and the Arrangers, and not, for the avoidance of doubt, to or for the benefit
of the Company that none of the Administrative Agent or any Arranger is 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, 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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ARTICLE X.


 


MISCELLANEOUS


 


10.01       Amendments,
Etc.


 


No amendment or waiver
of any provision of this Agreement or any other Loan Document, and no consent to any departure by the Company therefrom, shall
be effective unless in writing signed by the Required Lenders and the Company, and acknowledged by the Administrative Agent, and
each such waiver or consent shall be effective only in the specific instance and for the specific purpose for which given; provided,
however, that no such amendment, waiver or consent shall:


 


(a)            waive
any condition set forth in Section 4.01, Section 4.02 or Section 4.03 without the written consent
of each Lender;


 


(b)            extend
or increase the Commitment of any Lender (or reinstate any Commitment terminated pursuant to Section 8.02) without
the written consent of such Lender;


 


(c)            postpone
any date fixed by this Agreement or any other Loan Document for any payment (excluding mandatory prepayments) of principal, interest,
fees or other amounts due to the Lenders (or any of them) hereunder or under any other Loan Document, or redenominate the currency
of the Commitments or Loans of any Lender (except as expressly set forth in this Agreement) without the written consent of each
Lender directly affected thereby;


 


(d)            [Intentionally
Omitted];


 


(e)            reduce
the principal of, or the rate of interest specified herein on, any Loan or (subject to clause (ii) of the second proviso to
this Section 10.01) any fees or other amounts payable hereunder or under any other Loan Document without the written
consent of each Lender directly affected thereby; provided, however, that only the consent of the Required Lenders
shall be necessary to amend the definition of “Default Rate” or to waive any obligation of the Company to pay
interest at the Default Rate;


 


(f)            change
Section 2.11 or Section 8.03 in a manner that would alter the pro rata sharing and/or order of payments
required thereby without the written consent of each Lender;


 


(g)            change
any provision of this Section or the definition of “Required Lenders” or any other provision hereof specifying
the number or percentage of Lenders required to amend, waive or otherwise modify any rights hereunder or make any determination
or grant any consent hereunder without the written consent of each Lender;


 


and, provided further, that (i) no
amendment, waiver or consent shall, unless in writing and signed by the Administrative Agent in addition to the Lenders required
above, affect the rights or duties of the Administrative Agent under this Agreement or any other Loan Document; (ii) the Fee
Letter may be amended, or rights or privileges thereunder waived, in a writing executed only by the parties thereto and (iii) this
Section 10.01 shall not apply to any amendments of the type described in Section 3.03. Notwithstanding anything to the
contrary herein, no Defaulting Lender shall have any right to approve or disapprove any amendment, waiver or consent hereunder
(and any amendment, waiver or consent which by its terms requires the consent of all Lenders or each affected Lender may be effected
with the consent of the applicable Lenders other than Defaulting Lenders), except that (x) the Commitment of any Defaulting
Lender may not be increased or extended without the consent of such Lender and (y) any waiver, amendment or modification requiring
the consent of all Lenders or each affected Lender that by its terms affects any Defaulting Lender disproportionately adversely
relative to other affected Lenders shall require the consent of such Defaulting Lender.


 






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Notwithstanding the
foregoing, the Administrative Agent, with the consent of the Company, may amend, modify or supplement any Loan Document without
the consent of any Lender or the Required Lenders in order to correct or cure any error, ambiguity, inconsistency or defect in
any Loan Document.


 


10.02       Notices;
Effectiveness; Electronic Communication.


 


(a)            Notices
Generally. Except in the case of notices and other communications expressly permitted to be given by telephone (and except
as provided in subsection (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 as follows, and
all notices and other communications expressly permitted hereunder to be given by telephone shall be made to the applicable telephone
number, as follows:


 


(i)            if
to the Company or the Administrative Agent, to the address, facsimile number, electronic mail address or telephone number specified
for such Person on Schedule 10.02; and


 


(ii)            if
to any other Lender, to the address, facsimile number, electronic mail address or telephone number specified in its Administrative
Questionnaire (including, as appropriate, notices delivered solely to the Person designated by a Lender on its Administrative Questionnaire
then in effect for the delivery of notices that may contain material non-public information relating to the Company).


 


Notices and other communications sent by
hand or overnight courier service, or mailed by certified or registered mail, shall be deemed to have been given when received;
notices and other communications sent by facsimile shall be deemed to have been given when sent (except that, if not given during
normal business hours for the recipient, 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 subsection
(b) below, shall be effective as provided in such subsection (b).


 


(b)            Electronic
Communications. Notices and other communications to the Lenders hereunder may be delivered or furnished by electronic communication
(including e-mail and Internet or intranet websites) pursuant to procedures approved by the Administrative Agent, provided
that the foregoing shall not apply to notices to any Lender pursuant to Article II if such Lender has notified the
Administrative Agent that it is incapable of receiving notices under such Article by electronic communication. The Administrative
Agent or the Company may each, in its discretion, agree to accept notices and other communications to it hereunder by electronic
communications pursuant to procedures approved by it, provided that approval of such procedures may be limited to particular
notices or communications.


 


Unless the Administrative
Agent otherwise prescribes, (i) notices and other communications 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), and (ii) notices or communications 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 (i) of notification that such notice or communication is available and identifying the website address
therefor; provided that, for both clauses (i) and (ii), if such notice, e-mail or other communication is not sent during
the normal business hours of the recipient, such notice, e-mail or communication shall be deemed to have been sent at the opening
of business on the next Business Day for the recipient.


 






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(c)            The
Platform. THE PLATFORM IS PROVIDED “AS IS” AND “AS AVAILABLE.” THE AGENT PARTIES (AS DEFINED BELOW)
DO NOT WARRANT THE ACCURACY OR COMPLETENESS OF THE COMPANY MATERIALS OR THE ADEQUACY OF THE PLATFORM, AND EXPRESSLY DISCLAIM LIABILITY
FOR ERRORS IN OR OMISSIONS FROM THE COMPANY MATERIALS. NO WARRANTY OF ANY KIND, EXPRESS, IMPLIED OR STATUTORY, INCLUDING
ANY WARRANTY OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT OF THIRD PARTY RIGHTS OR FREEDOM FROM VIRUSES
OR OTHER CODE DEFECTS, IS MADE BY ANY AGENT PARTY IN CONNECTION WITH THE COMPANY MATERIALS OR THE PLATFORM. In no event shall
the Administrative Agent or any of its Related Parties (collectively, the “Agent Parties”) have any liability
to the Company, any Lender or any other Person for losses, claims, damages, liabilities or expenses of any kind (whether in tort,
contract or otherwise) arising out of the Company’s or the Administrative Agent’s transmission of Company Materials
through the Internet, except to the extent that such losses, claims, damages, liabilities or expenses are determined by a court
of competent jurisdiction by a final and nonappealable judgment to have resulted from the gross negligence or willful misconduct
of such Agent Party; provided, however, that in no event shall any Agent Party have any liability to the Company, any Lender or
any other Person for indirect, special, incidental, consequential or punitive damages (as opposed to direct or actual damages).


 


(d)            Change
of Address, Etc. Each of the Company and the Administrative Agent, may change its address, facsimile or telephone number for
notices and other communications hereunder by notice to the other parties hereto. Each other Lender may change its address, facsimile
or telephone number for notices and other communications hereunder by notice to the Company or the Administrative Agent. In addition,
each Lender agrees to notify the Administrative Agent from time to time to ensure that the Administrative Agent has on record (i) an
effective address, contact name, telephone number, facsimile number and electronic mail address to which notices and other communications
may be sent and (ii) accurate wire instructions for such Lender. Furthermore, each Public Lender agrees to cause at least
one individual at or on behalf of such Public Lender to at all times have selected the “Private Side Information” or
similar designation on the content declaration screen of the Platform in order to enable such Public Lender or its delegate, in
accordance with such Public Lender’s compliance procedures and applicable Law, including United States Federal and state
securities Laws, to make reference to Company Materials that are not made available through the “Public Side Information”
portion of the Platform and that may contain material non-public information with respect to the Company or its securities for
purposes of United States Federal or state securities laws.


 


(e)            Reliance
by Administrative Agent and Lenders. The Administrative Agent and the Lenders shall be entitled to rely and act upon any notices
(including telephonic or electronic Loan Notices) purportedly given by or on behalf of the Company even if (i) such notices
were not made in a manner specified herein, were incomplete or were not preceded or followed by any other form of notice specified
herein, or (ii) the terms thereof, as understood by the recipient, varied from any confirmation thereof. The Company shall
indemnify the Administrative Agent, each Lender and the Related Parties of each of them from all losses, costs, expenses and liabilities
resulting from the reliance by such Person on each notice purportedly given by or on behalf of the Company. All telephonic notices
to and other telephonic communications with the Administrative Agent may be recorded by the Administrative Agent, and each of the
parties hereto hereby consents to such recording.


 


10.03       No
Waiver; Cumulative Remedies; Enforcement. No failure by any Lender or the Administrative Agent to exercise, and no delay by
any such Person in exercising, any right, remedy, power or privilege hereunder or under any other Loan Document shall operate
as a waiver thereof; nor shall any single or partial exercise of any right, remedy, power or privilege hereunder preclude any
other or further exercise thereof or the exercise of any other right, remedy, power or privilege. The rights, remedies, powers
and privileges herein provided, and provided under each other Loan Document, are cumulative and not exclusive of any rights, remedies,
powers and privileges provided by law.


 






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Notwithstanding anything to the contrary contained herein or
in any other Loan Document, the authority to enforce rights and remedies hereunder and under the other Loan Documents against
the Company shall be vested exclusively in, and all actions and proceedings at law in connection with such enforcement shall be
instituted and maintained exclusively by, the Administrative Agent in accordance with Section 8.02 for the benefit
of all the Lenders; provided, however, that the foregoing shall not prohibit (a) the Administrative Agent from
exercising on its own behalf the rights and remedies that inure to its benefit (solely in its capacity as Administrative Agent)
hereunder and under the other Loan Documents, (b) any Lender from exercising setoff rights in accordance with Section 10.08
(subject to the terms of Section 2.11), or (c) any Lender from filing proofs of claim or appearing and filing
pleadings on its own behalf during the pendency of a proceeding relative to the Company under any Debtor Relief Law; and provided,
further, that if at any time there is no Person acting as Administrative Agent hereunder and under the other Loan Documents,
then (i) the Required Lenders shall have the rights otherwise ascribed to the Administrative Agent pursuant to Section 8.02
and (ii) in addition to the matters set forth in clauses (b) and (c) of the preceding proviso
and subject to Section 2.11, any Lender may, with the consent of the Required Lenders, enforce any rights and remedies
available to it and as authorized by the Required Lenders.


 


10.04       Expenses;
Indemnity; Damage Waiver.


 


(a)            Costs
and Expenses. The Company shall pay (i) all reasonable and documented out-of-pocket expenses incurred by the Administrative
Agent, the Arrangers and each Related Party of any of the foregoing Persons (including the Attorney Costs of the Administrative
Agent), in connection with the syndication of the credit facilities provided for herein, the preparation, negotiation, execution,
delivery and administration of this Agreement and the other Loan Documents or any amendments, modifications or waivers of the provisions
hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated), and (ii) all out-of-pocket
expenses incurred by the Administrative Agent or any Lender (including the Attorney Costs of the Administrative Agent and the Lenders)
in connection with the enforcement or protection of its rights (A) in connection with this Agreement and the other Loan Documents,
including its rights under this Section, or (B) in connection with the Loans made hereunder, including all such out-of-pocket
expenses incurred during any workout, restructuring or negotiations in respect of such Loans.


 






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(b)            Indemnification
by the Company. The Company shall indemnify and hold harmless the Administrative Agent, the Arrangers and each other agent
or co-agent (if any) designated by the Arrangers, each Lender and its affiliates and each partner, trustee, shareholder, director,
officer, employee, advisor, representative, agent, attorney and controlling person thereof (each such Person being called an “Indemnitee”)
from and against any and all actions, suits, proceedings (including any investigations or inquiries), claims, losses, damages,
liabilities or expenses, joint or several, of any kind or nature whatsoever that may be brought by the Company, any of its Subsidiaries,
any of their respective Affiliates or any other Person or entity and which may be incurred by or asserted against or involve the
Administrative Agent, the Arrangers, any Lender or any other Indemnitee as a result of or arising out of or in any way related
to or resulting from the Acquisition, this Agreement, any other Loan Document or any agreement or instrument contemplated hereby
or thereby, the Transactions or any related transaction contemplated hereby or thereby or any Loan or the use or proposed use of
the proceeds therefrom and, upon demand, to pay and reimburse the Administrative Agent, the Arrangers, each Lender and each other
Indemnitee for any reasonable, documented out-of-pocket legal or other expenses incurred in connection with investigating, defending
or preparing to defend any such action, suit, proceeding (including any inquiry or investigation) or claim (including, without
limitation, in connection with the enforcement of the indemnification obligations set forth herein) (whether or not the Administrative
Agent, the Arrangers, any Lender or any other Indemnitee is a party to any action, suit, proceeding or claim out of which any such
expenses arise); provided that (x) the Company’s obligation to reimburse any Indemnitee for legal expenses shall
be limited to the fees, charges, and disbursements of one counsel for any Indemnitee (and, if reasonably necessary, of one regulatory
counsel and one local counsel in any relevant jurisdiction) and, solely in the case of an actual or potential conflict of interest
of which the Company is notified in writing, of one additional counsel (and if reasonably necessary, of one regulatory counsel
and one local counsel in any relevant jurisdiction) to each affected Indemnitee, (y) the Company will not have to indemnify
any Indemnitee against any claim, loss, damage, liability or expense to the extent the same resulted from (i) the gross negligence
or willful misconduct of such Indemnitee or any of such Indemnitee’s Related Parties, (ii) a material breach by such
Indemnitee or any of its Related Parties of its express obligations hereunder or under any other Loan Document (in each case of
clauses (i) and (ii), to the extent determined by a court of competent jurisdiction in a final and nonappealable judgment
in any claim, litigation or proceeding brought by the Company) or (iii) disputes solely among or between Indemnitees not relating
to any acts or omissions by the Company or its Subsidiaries (other than disputes against the Administrative Agent or the Arrangers
(in each case, acting in its capacity as such)) and (z) each Indemnitee will repay to the Company any such reimbursement to
the extent that it is determined that such Indemnitee is not entitled to indemnification by virtue of clause(y). Notwithstanding
any other provision of this Agreement, none of the Administrative Agent, the Arrangers, any Lender or any other Indemnitee will
be responsible or liable to the Company or any other person or entity for damages arising from the use by others of any information
or other materials obtained through internet, electronic, telecommunications or other information transmission systems except to
the extent that such damages resulted from (A) the gross negligence or willful misconduct of the respective Indemnitee or
any of its Related Parties or (B) a material breach by such Indemnitee or any of its Related Parties of its express obligations
under this Agreement (in each case, to the extent determined by a court of competent jurisdiction in a final and non-appealable
judgment in any claim, litigation or proceeding brought by the Company).


 




Promptly after receipt by any Indemnitee of notice of the commencement
of any such action, suit, proceeding or claim, such Indemnitee will notify the Company in writing of the commencement thereof;
provided that the omission by any Indemnitee to so notify the Company will not relieve the Company of any liability hereunder
except to the extent the Company has been materially prejudiced by such failure. The Company shall have the right to assume the
defense or control the settlement of any such claim or action and to select counsel with respect thereto, which counsel shall
be subject to the approval of the Arrangers (such approval not to be unreasonably withheld, conditioned or delayed), provided
that the Company shall not consent to any settlement of or to the entry of any judgment with respect to any such claim or
action except in accordance with the provisions of the next succeeding paragraph. Notwithstanding the Company’s right to
appoint counsel to represent such Indemnitee in an action, such Indemnitee shall have the right to employ separate counsel at
the Company’s expense (subject to the limitations in the preceding paragraph) and to participate in the defense of any such
claim or action as to it with the consent of the Company (such consent not to be unreasonably withheld or delayed) if (i) the
use of counsel chosen by the Company to represent such Indemnitee would present such counsel with an actual or potential conflict
of interest or the Arrangers reasonably determines that there are defenses available to it which are in addition to or different
from the defenses available to the Company or (ii) the Company shall not have employed counsel satisfactory to such Indemnitee
to represent such Indemnitee within a reasonable time after notice of the commencement of such action, suit, proceeding or claim.
Notwithstanding the foregoing, any Indemnitee shall have the right to settle any such claim or action without the consent of the
Company; provided that the Company shall have no liability for any settlement entered into without its consent.


 






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The Company will not, without the subject Indemnitee’s
written consent, such consent not to be unreasonably withheld, conditioned or delayed, settle, compromise, consent to the entry
of any judgment in or otherwise seek to terminate any claim, action or proceeding in respect of which indemnity may be sought
hereunder, whether or not any Indemnitee is an actual or potential party thereto, unless such settlement, compromise, consent
or termination (i) includes an unconditional release of each Indemnitee from any liabilities arising out of such claim, action
or proceeding and (ii) does not include any statement as to or any admission of fault, culpability, wrongdoing or a failure
to act by or on behalf of any Indemnitee. The indemnity and reimbursement obligations of the Company under this Section 10.04(b) will
be binding upon and inure to the benefit of any successors, assigns, heirs and personal representatives of the Company and any
Indemnitee.


 


(c)            Reimbursement
by Lenders. To the extent that the Company for any reason fails to indefeasibly pay any amount required under subsection (a) or
(b) of this Section to be paid by it to the Administrative Agent (or any sub-agent thereof) or any Related Party of any
of the foregoing, each Lender severally agrees to pay to the Administrative Agent (or any such sub-agent) or such Related Party,
as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity
payment is sought based on each Lender’s share of the Total Credit Exposure at such time) of such unpaid amount (including
any such unpaid amount in respect of a claim asserted by such Lender), such payment to be made severally among them based on such
Lenders’ Applicable Percentage (determined as of the time that the applicable unreimbursed expense or indemnity payment is
sought), provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the
case may be, was incurred by or asserted against the Administrative Agent (or any such sub-agent) in its capacity as such, or against
any Related Party of any of the foregoing acting for the Administrative Agent (or any such sub-agent) in connection with such capacity.
The obligations of the Lenders under this subsection (c) are subject to the provisions of Section 2.10(d).


 


(d)            Waiver
of Consequential Damages, Etc. Neither the Administrative Agent, the Lenders nor any other Indemnitee will be responsible or
liable to the Company or any other person or entity for any indirect, special, punitive or consequential damages which may be alleged
as a result of this Agreement, any Loan Document or the Transactions. The Company will not be responsible to the Arrangers or any
other Indemnitee or any other person or entity for any indirect, special, punitive or consequential damages which may be alleged
as a result of this Agreement, any Loan Document or the Transactions; provided, that the Company’s indemnity and reimbursement
obligations under Section 10.04(b) shall not be limited by this sentence. No Indemnitee referred to in subsection (b) above
shall be liable for any damages arising from the use by unintended recipients of any information or other materials distributed
to such unintended recipients by such Indemnitee through telecommunications, electronic or other information transmission systems
in connection with this Agreement or the other Loan Documents or the transactions contemplated hereby or thereby other than for
direct or actual damages resulting from the gross negligence or willful misconduct of such Indemnitee as determined by a final
and nonappealable judgment of a court of competent jurisdiction.


 


(e)            Payments.
All amounts due under this Section shall be payable not later than ten Business Days after demand therefor.


 


(f)            Survival.
The agreements in this Section and the indemnity provisions of Section 10.02(e) shall survive the resignation
of the Administrative Agent, the replacement of any Lender, the termination of the Aggregate Commitments, the repayment, satisfaction
or discharge of all the other Obligations and the termination of this Agreement.


 






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10.05       Payments
Set Aside. To the extent that any payment by or on behalf of the Company is made to the Administrative Agent or any Lender,
or the Administrative Agent or any Lender exercises its right of setoff, and such payment or the proceeds of such setoff or any
part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant
to any settlement entered into by the Administrative Agent or such Lender in its discretion) to be repaid to a trustee, receiver
or any other party, in connection with any proceeding under any Debtor Relief Law or otherwise, then (a) to the extent of
such recovery (unless prohibited by applicable Law), the obligation or part thereof originally intended to be satisfied shall
be revived and continued in full force and effect as if such payment had not been made or such setoff had not occurred, and (b) each
Lender severally agrees to pay to the Administrative Agent upon demand its applicable share (without duplication) of any amount
so recovered from or repaid by the Administrative Agent, plus interest thereon from the date of such demand to the date such payment
is made at a rate per annum equal to the applicable Overnight Bank Funding Rate from time to time in effect, in the applicable
currency of such recovery or payment. The obligations of the Lenders under clause (b) of the preceding sentence shall survive
the payment in full of the Obligations and the termination of this Agreement.


 


 


10.06       Successors
and Assigns.


 


(a)            Successors
and Assigns Generally. The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto
and their respective successors and assigns permitted hereby, except that (other than in accordance with Section 7.02
hereof) the Company may not assign or otherwise transfer any of its rights or obligations hereunder without the prior written consent
of the Administrative Agent and each Lender and no Lender may assign or otherwise transfer any of its rights or obligations hereunder
except (i) to an assignee in accordance with the provisions of subsection (b) of this Section, (ii) by way of participation
in accordance with the provisions of subsection (d) of this Section or (iii) by way of pledge or assignment of a
security interest subject to the restrictions of subsection (f) of this Section (and any other attempted assignment or
transfer by any party hereto 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 assigns permitted hereby, Participants to the extent
provided in subsection (d) of this Section and, to the extent expressly contemplated hereby, the Related Parties of each
of the Administrative Agent and the Lenders) any legal or equitable right, remedy or claim under or by reason of this Agreement.


 


(b)            Assignments
by Lenders. Any Lender may at any time assign to one or more assignees all or a portion of its rights and obligations under
this Agreement (including all or a portion of its Commitment and the Loans; provided that any such assignment shall be subject
to the following conditions:


 


(i)            Minimum
Amounts.


 


(A)            in
the case of an assignment of the entire remaining amount of the assigning Lender’s Commitment and the Loans at the time owing
to it or, in the case of an assignment to a Lender, an Affiliate of a Lender or an Approved Fund, no minimum amount need be assigned;
and


 


(B)            in
any case not described in subsection (b)(i)(A) of this Section, the aggregate amount of the Commitment (which for this purpose
includes Loans outstanding thereunder) or, if the Commitment is not then in effect, the principal outstanding balance of the Loans
of the assigning Lender subject to each such assignment, determined as of the date the Assignment and Assumption with respect to
such assignment is delivered to the Administrative Agent or, if “Trade Date” is specified in the Assignment and Assumption,
as of such Trade Date, shall not be less than $5,000,000 unless each of the Administrative Agent and, so long as no Event of Default
exists, the Company otherwise consents (each such consent not to be unreasonably withheld or delayed); provided, however,
that concurrent assignments to members of an Assignee Group and concurrent assignments from members of an Assignee Group to a single
assignee (or to an assignee and members of its Assignee Group) will be treated as a single assignment for purposes of determining
whether such minimum amount has been met.


 






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(ii)            [Intentionally
Omitted.]


 


(iii)            Required
Consents. No consent shall be required for any assignment except to the extent required by subsection (b)(i)(B) of this
Section and, in addition:


 


(A)            the
consent of the Company (such consent not to be unreasonably withheld or delayed) shall be required unless (1) solely with
respect to any assignment made at any time after the Zero Commitment Date, an Event of Default under Section 8.01(a) or
(solely with respect to the Company) (f) or (g) exists at the time of such assignment or (2) such assignment is
to an existing Lender or an Affiliate of an existing Lender after the Closing Date; provided that the Company shall be deemed
to have consented to any such assignment unless it shall object thereto by written notice to the Administrative Agent within five
(5) Business Days after having received notice thereof; and


 


(B)            the
consent of the Administrative Agent (such consent not to be unreasonably withheld or delayed) shall be required if such assignment
is to any Person that is not a Lender, an Affiliate of such Lender or an Approved Fund with respect to such Lender.


 


(iv)            Assignment
and Assumption. The parties to each assignment shall execute and deliver to the Administrative Agent an Assignment and Assumption,
together with a processing and recordation fee in the amount of $3,500; provided, however, that the Administrative
Agent may, in its sole discretion, elect to waive such processing and recordation fee in the case of any assignment. The assignee,
if it is not a Lender, shall deliver to the Administrative Agent an Administrative Questionnaire and any tax forms required by
Section 3.01(f).


 


(v)            No
Assignment to Certain Persons. No such assignment shall be made (A) to the Company or any of the Company’s Affiliates
or Subsidiaries, (B) to any Defaulting Lender or any of its Subsidiaries, or any Person who, upon becoming a Lender hereunder,
would constitute any of the foregoing Persons described in this clause (B), (C) to a natural Person (or a holding company,
investment vehicle or trust for, or owned and operated by or for the primary benefit of natural Person) or (D) to any Person
that, through its Lending Offices, is not capable of lending to the Company without the imposition of any additional Indemnified
Taxes.


 


(vi)            Certain
Additional Payments. In connection with any assignment of rights and obligations of any Defaulting Lender hereunder, no such
assignment shall be effective unless and until, in addition to the other conditions thereto set forth herein, the parties to the
assignment shall make such additional payments to the Administrative Agent in an aggregate amount sufficient, upon distribution
thereof as appropriate (which may be outright payment, purchases by the assignee of participations or subparticipations, or other
compensating actions, including funding, with the consent of the Company and the Administrative Agent, the applicable pro rata
share of Loans previously requested but not funded by the Defaulting Lender, to each of which the applicable assignee and assignor
hereby irrevocably consent), to (x) pay and satisfy in full all payment liabilities then owed by such Defaulting Lender to
the Administrative Agent or any Lender hereunder (and interest accrued thereon) and (y) acquire (and fund as appropriate)
its full pro rata share of all Loans. Notwithstanding the foregoing, in the event that any assignment of rights and obligations
of any Defaulting Lender hereunder shall become effective under applicable Law without compliance with the provisions of this paragraph,
then the assignee of such interest shall be deemed to be a Defaulting Lender for all purposes of this Agreement until such compliance
occurs.


 






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Subject to acceptance and recording thereof
by the Administrative Agent pursuant to subsection (c) of this Section, from and after the effective date specified in each
Assignment and Assumption, the assignee thereunder shall be a party to this Agreement and, to the extent of the interest assigned
by such Assignment and Assumption, have the rights and obligations of a Lender under this Agreement, 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 entitled to the benefits of Sections 3.01,
3.04, 3.05, and 10.04 with respect to facts and circumstances occurring prior to the effective date of such
assignment; provided, that except to the extent otherwise expressly agreed by the affected parties, no assignment by a Defaulting
Lender will constitute a waiver or release of any claim of any party hereunder arising from that Lender having been a Defaulting
Lender. Upon request, the Company (at its expense) shall execute and deliver a Note to the assignee Lender. Any assignment or transfer
by a Lender of rights or obligations under this Agreement that does not comply with this subsection shall be treated for purposes
of this Agreement as a sale by such Lender of a participation in such rights and obligations in accordance with subsection (d) of
this Section.


 


(c)            Register.
The Administrative Agent, acting solely for this purpose as an agent of the Company (and such agency being solely for tax purposes),
shall maintain at the Administrative Agent’s Office a copy of each Assignment and Assumption delivered to it (or the equivalent
thereof in electronic form) and a register for the recordation of the names and addresses of the Lenders, and the Commitments of,
and principal amounts (and stated interest) of the Loans owing to, each Lender pursuant to the terms hereof from time to time (the
 “Register”). The entries in the Register shall be conclusive absent manifest error, and the Company, the Administrative
Agent and the Lenders shall treat each Person whose name is recorded in the Register pursuant to the terms hereof as a Lender hereunder
for all purposes of this Agreement. The Register shall be available for inspection by the Company and any Lender, at any reasonable
time and from time to time upon reasonable prior notice.


 


(d)            Participations.
Any Lender may at any time, without the consent of, or notice to, the Company or the Administrative Agent, sell participations
to any Person (other than a natural Person (or a holding company, investment vehicle or trust for, or owned and operated by or
for the primary benefit of natural Person), a Defaulting Lender or the Company or any of the Company’s Affiliates or Subsidiaries)
(each, a “Participant”) in all or a portion of such Lender’s rights and/or obligations under this Agreement
(including all or a portion of its Commitment and/or the Loans owing to it); provided that (i) such Lender’s
obligations under this Agreement shall remain unchanged, (ii) such Lender shall remain solely responsible to the other parties
hereto for the performance of such obligations and (iii) the Company, the Administrative Agent and the Lenders shall continue
to deal solely and directly with such Lender in connection with such Lender’s rights and obligations under this Agreement.
For the avoidance of doubt, each Lender shall be responsible for the indemnity under Section 10.04 without regard to
the existence of any participation.


 






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Any agreement or instrument
pursuant to which a 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 Participant, agree to any amendment, waiver or
other modification described in the first proviso to Section 10.01 that affects such Participant. Subject to subsection
(e) of this Section, the Company agrees that each Participant, shall be entitled, through the applicable Lender, to the benefits
of Sections 3.01, 3.04 and 3.05 to the same extent as if it were a Lender and had acquired its interest by
assignment pursuant to subsection (b) of this Section. Each Lender that sells a participation agrees, at the Company’s
request and expense, to use reasonable efforts to cooperate with the Company to effectuate the provisions of Section 3.06
with respect to any Participant. To the extent permitted by law, each Participant also shall be entitled to the benefits of Section 10.08
as though it were a Lender, provided such Participant agrees to be subject to Section 2.11 as though it were
a Lender. Each Lender that sells a participation shall, acting solely for this purpose as a non-fiduciary agent of the Company,
maintain a register on which it enters the name and address of each Participant 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 a Participant’s interest in any commitments, loans, letters
of credit or its other obligations 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 United States Treasury Regulations or successor provisions. The entries in the Participant Register shall be conclusive absent
manifest error, and such Lender shall treat each Person whose name is recorded in the Participant Register as the owner of such
participation for all purposes of this Agreement notwithstanding any notice to the contrary. For the avoidance of doubt, the Administrative
Agent (in its capacity as Administrative Agent) shall have no responsibility for maintaining a Participant Register.


 


(e)            Limitations
upon Participant Rights. A Participant shall not be entitled to receive any greater payment under Sections 3.01, 3.04
or 3.05 than the applicable Lender would have been entitled to receive with respect to the participation sold to such Participant.
Without limiting the foregoing, a Participant shall not be entitled to the benefits of Section 3.01 unless the Company
is notified of the participation sold to such Participant and such Participant agrees, for the benefit of the Company, to comply
with Section 3.01(f) as though it were a Lender.


 


(f)            Certain
Pledges. Any Lender may at any time pledge or assign a security interest in all or any portion of its rights under this Agreement
(including under its Note(s), if any) to secure obligations of such Lender, including any pledge or assignment to secure obligations
to a Federal Reserve Bank or any other central banking authority; provided that no such pledge or assignment shall release
such Lender from any of its obligations hereunder or substitute any such pledgee or assignee for such Lender as a party hereto.


 






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10.07       Treatment
of Certain Information; Confidentiality. Each of the Administrative Agent and the Lenders agrees on its own behalf and on
behalf of its Affiliates to keep confidential all non-public Information (as defined below) provided to it by the Company or any
of its Subsidiaries pursuant to or in connection with this Agreement; provided that nothing herein shall prevent the Administrative
Agent or any Lender from disclosing any such Information (a) to its Affiliates and to its Related Parties (so long as each
such Person has been informed of the confidential nature of such Information and instructed to keep such Information confidential)
solely for the purposes of, or otherwise in connection with, this Agreement, the other Loan Documents and the transactions contemplated
hereby and thereby, (b) subject to an express agreement to maintain the confidentiality of such Information in compliance
with the provisions of this Section 10.07, to (i) any assignee of or Participant in, or any prospective assignee
of or Participant in, any of its rights and obligations under this Agreement) or (ii) any actual or prospective direct or
indirect counterparty to any Swap Contract (or any professional advisor to such counterparty), (c) to its employees, directors,
agents, attorneys, accountants and other professional advisors or those of any of its Affiliates, or of any Affiliate of any Lender,
in each case who have a need to know such Information in accordance with customary business practices (it being understood that
the person to whom such disclosure is made will be informed of the confidential nature of such Information and instructed to keep
such Information confidential), (d) upon the request or demand of any governmental or regulatory authority purporting to
have jurisdiction over such Person or its Related Parties (including any self-regulatory authority, such as the National Association
of Insurance Commissioners), (e) in response to any order of any court or other governmental or regulatory authority (including
by subpoena or similar legal process) or as may otherwise be required pursuant to any requirement of Law, (f) if required
to do so in connection with any litigation or similar proceeding, (g) that has been publicly disclosed, other than as a result
of a disclosure by the Administrative Agent or any Lender or any of their respective employees, directors, agents, attorneys,
accountants and other professional advisors or those of any of their respective affiliates, in violation of this paragraph, (h) upon
the request of any rating agency when required by it, (i) upon the request of the CUSIP Service Bureau or any similar organization,
(j) in connection with the exercise of any remedy hereunder or under any of the Loan Documents or any action or proceeding
(including the preparation of any defense) relating to this Agreement, any other Loan Document or any transaction or matter related
thereto, or the enforcement of rights hereunder or thereunder, (k) to any other party hereto, (l) other service providers
solely in connection with the Transactions (provided that such information shall be provided on a confidential basis) or
(m) with the consent of the Company. The Administrative Agent or any Lender shall, prior to any disclosure under clause (d),
(e), (f), (h) or (i) above to (x) any governmental or regulatory authority that does not have supervisory, regulatory
or other similar authority with respect to the Administrative Agent or such Lender and that is seeking such disclosure solely
in connection with an investigation, litigation or other proceeding that does not otherwise involve the Administrative Agent or
such Lender or (y) any other person that is not a governmental or regulatory authority, notify the Company of any request
for the disclosure of any such non-public Information so as to provide the Company with the reasonable opportunity to obtain a
protective order or other comparable relief; provided that no such notification will be required if the Administrative
Agent or such Lender (or their respective counsel) reasonably determines that such notification would be prohibited by applicable
Law or court order. None of the Administrative Agent or any Lender will make available to the Company or any of its Affiliates
confidential Information that they have obtained or may obtain from any other customer. The Administrative Agent and each Lender
are permitted to access, use and share with any of their respective bank or non-bank Affiliates, agents, advisors (legal or otherwise)
or representatives any Information concerning the Company or any of its Affiliates that is or may come into the possession of
the Administrative Agent, any Lender or any of such Affiliates; provided that, in each case, such Information shall be
used solely in connection with this Agreement, the other Loan Documents and the transactions contemplated hereby and thereby.


 


For purposes of this
Section, “Information” means all information received from the Company or any Subsidiary relating to the Company
or any Subsidiary or any of their respective businesses, other than any such information that is available to the Administrative
Agent or any Lender on a nonconfidential basis prior to disclosure by the Company or any Subsidiary. Any Person required to maintain
the confidentiality of Information as provided in this Section shall be considered to have complied with its obligation to
do so if such Person has exercised the same degree of care to maintain the confidentiality of such Information as such Person would
accord to its own confidential information.


 


Each of the Administrative
Agent and the Lenders acknowledges that (a) the Information may include material non-public information concerning the Company
or a Subsidiary, as the case may be, (b) it has developed compliance procedures regarding the use of material non-public information
and (c) it will handle such material non-public information in accordance with applicable Law, including Federal and state
securities Laws.


 


Notwithstanding anything
to the contrary herein, each of the Administrative Agent and the Lenders acknowledges that some or all of the Information as defined
in this Section 10.07 is or may be price sensitive information and that the use of such Information may be regulated or prohibited
by applicable legislation including securities laws relating to insider trading (under the German Securities Trading Act (Wertpapierhandelsgesetz
 – wphg) or otherwise) and each of the Administrative Agent and the Lenders undertakes not to use any Information for
any unlawful purpose.


 






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10.08      Right
of Setoff. If an Event of Default exists, 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 applicable law, to set off and apply any and all deposits (general
or special, time or demand, provisional or final, in whatever currency) at any time held and other obligations (in whatever currency)
at any time owing by such Lender or any such Affiliate to or for the credit or the account of the Company against any and all
of the obligations of the Company now or hereafter existing under this Agreement or any other Loan Document to such Lender or
their respective Affiliates, irrespective of whether or not such Lender, or Affiliate shall have made any demand under this Agreement
or any other Loan Document and although such obligations of the Company may be contingent or unmatured or are owed to a branch,
office or Affiliate of such Lender different from the branch, office or Affiliate holding such deposit or obligated on such indebtedness;
provided, that in the event that any Defaulting Lender shall exercise any such right of setoff, (x) all amounts so
set off shall be paid over immediately to the Administrative Agent for further application in accordance with the provisions of
Section 2.12 and, pending such payment, shall be segregated by such Defaulting Lender from its other funds and deemed
held in trust for the benefit of the Administrative Agent and the Lenders, and (y) the Defaulting Lender shall provide promptly
to the Administrative Agent a statement describing in reasonable detail the Obligations owing to such Defaulting Lender as to
which it exercised such right of setoff. The rights of each Lender and their respective Affiliates under this Section are
in addition to other rights and remedies (including other rights of setoff) that such Lender or their respective Affiliates may
have. Each Lender agrees to notify the Company and the Administrative Agent promptly after any such setoff and application, provided
that the failure to give such notice shall not affect the validity of such setoff and application.


 


10.09      Interest
Rate Limitation. Notwithstanding anything to the contrary contained in any Loan Document, the interest paid or agreed to be
paid under the Loan Documents shall not exceed the maximum rate of non-usurious interest permitted by applicable Law (the “Maximum
Rate”). If the Administrative Agent or any Lender shall receive interest in an amount that exceeds the Maximum Rate,
the excess interest shall be applied to the principal of the Loans or, if it exceeds such unpaid principal, refunded to the Company.
In determining whether the interest contracted for, charged, or received by the Administrative Agent or a Lender exceeds the Maximum
Rate, such Person may, to the extent permitted by applicable Law, (a) characterize any payment that is not principal as an
expense, fee, or premium rather than interest, (b) exclude voluntary prepayments and the effects thereof, and (c) amortize,
prorate, allocate, and spread in equal or unequal parts the total amount of interest throughout the contemplated term of the Obligations
hereunder.


 


10.10      Counterparts;
Integration; Effectiveness. This Agreement may be executed in counterparts (and by different parties hereto in different counterparts),
each of which shall constitute an original, but all of which when taken together shall constitute a single contract. This Agreement
and the other Loan Documents constitute the entire contract 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. Except as provided
in Section 4.01, this Agreement shall become effective when it shall have been executed by the Administrative Agent
and when the Administrative Agent shall have received counterparts hereof that, when taken together, bear the signatures of each
of the other parties hereto. Delivery of an executed counterpart of a signature page of this Agreement by facsimile or other
electronic imaging means (e.g. “pdf” or “tif”) shall be effective as delivery of a manually executed counterpart
of this Agreement.


 






    	 	77	 



     


    

 


10.11      Survival
of Representations and Warranties. All representations and warranties made hereunder and in any other Loan Document or other
document delivered pursuant hereto or thereto or in connection herewith or therewith shall survive the execution and delivery
hereof and thereof and the making of any Borrowing. Such representations and warranties have been or will be relied upon by the
Administrative Agent and each Lender, regardless of any investigation made by the Administrative Agent or any Lender or on their
behalf and notwithstanding that the Administrative Agent or any Lender may have had notice or knowledge of any Default at the
time of any Borrowing.


 


10.12      Severability.
If any provision of this Agreement or the other Loan Documents is held to be illegal, invalid or unenforceable, (a) the legality,
validity and enforceability of the remaining provisions of this Agreement and the other Loan Documents shall not be affected or
impaired thereby and (b) the parties shall endeavor in good faith negotiations to replace the illegal, invalid or unenforceable
provisions with valid provisions the economic effect of which comes as close as possible to that of the illegal, invalid or unenforceable
provisions. The invalidity of a provision in a particular jurisdiction shall not invalidate or render unenforceable such provision
in any other jurisdiction. Without limiting the foregoing provisions of this Section 10.12, if and to the extent that
the enforceability of any provisions in this Agreement relating to Defaulting Lenders shall be limited by Debtor Relief Laws,
as determined in good faith by the Administrative Agent, then such provisions shall be deemed to be in effect only to the extent
not so limited.


 


10.13      Replacement
of Lenders. If the Company is entitled to replace a Lender pursuant to Section 3.06, if any Lender is a Defaulting
Lender, if the obligation of any Lender to make or continue Eurocurrency Rate Loans is suspended pursuant to Section 3.02,
if any Lender is a Non-Consenting Lender or if any other circumstance exists hereunder that gives the Company the right to replace
a Lender as a party hereto, then the Company may, at its sole expense and effort, upon notice to such Lender and the Administrative
Agent, require such Lender to assign and delegate, without recourse (in accordance with and subject to the restrictions contained
in, and consents required by, Section 10.06), all of its interests, rights (other than its existing rights to payments
pursuant to Sections 3.01 and 3.04) and obligations under this Agreement and the related Loan Documents to an Eligible
Assignee that shall assume such obligations (which assignee may be another Lender, if a Lender accepts such assignment), provided
that:


 


(a)           the
Company shall have paid to the Administrative Agent the assignment fee (if any) specified in Section 10.06(b);


 


(b)           such
Lender shall have received payment of an amount equal to the outstanding principal of its Loans, accrued interest thereon, accrued
fees and all other amounts payable to it hereunder and under the other Loan Documents (including any amounts under Section 3.05)
from the assignee (to the extent of such outstanding principal and accrued interest and fees) or the Company;


 


(c)           in
the case of any such assignment resulting from a claim for compensation under Section 3.04 or payments required to
be made pursuant to Section 3.01, such assignment will result in a reduction in such compensation or payments thereafter;


 


(d)           in
the event such Lender is a Non-Consenting Lender, each assignee shall consent, at the time of such assignment, to each matter in
respect of which such Lender was a Non-Consenting Lender and the Company also requires each other Lender that is a Non-Consenting
Lender to assign its Loans and Commitments; and


 


(e)           such
assignment does not conflict with applicable Laws.


 


A Lender shall not be required to make
any such assignment or delegation if, prior thereto and promptly after notice to such Lender of the Company’s intent to replace
such Lender, as a result of a waiver by such Lender or otherwise, the circumstances entitling the Company to require such assignment
and delegation cease to apply.


 






    	 	78	 



     


    

 


10.14      Governing
Law; Jurisdiction; Etc.


 


(a)            GOVERNING
LAW. THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS AND ANY CLAIMS, CONTROVERSY, DISPUTE OR CAUSE OF ACTION (WHETHER IN CONTRACT
OR TORT OR OTHERWISE) BASED UPON, ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT (EXCEPT, AS TO ANY OTHER
LOAN DOCUMENT, AS EXPRESSLY SET FORTH THEREIN) AND THE TRANSACTIONS CONTEMPLATED HEREBY AND THEREBY SHALL BE GOVERNED BY, AND CONSTRUED
IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK; PROVIDED THAT THE INTERPRETATION OF WHETHER THE COMPANY OR ONE OF ITS SUBSIDIARIES
SHALL HAVE ACCEPTED ALL OUTSTANDING EQUITY INTERESTS THAT HAVE VALIDLY TENDERED PURSUANT TO THE OFFER AND SHALL HAVE TENDERED PAYMENT
FOR SUCH EQUITY INTERESTS IN ACCORDANCE WITH THE TERMS OF THE ACQUISITION AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE
WITH, THE APPLICABLE LAWS GOVERNING THE ACQUISITION AGREEMENT.


 


(b)           SUBMISSION
TO JURISDICTION. THE COMPANY IRREVOCABLY AND UNCONDITIONALLY AGREES THAT IT WILL NOT COMMENCE ANY ACTION, LITIGATION OR PROCEEDING
OF ANY KIND OR DESCRIPTION, WHETHER IN LAW OR EQUITY, WHETHER IN CONTRACT OR IN TORT OR OTHERWISE, AGAINST THE ADMINISTRATIVE AGENT,
ANY LENDER, OR ANY RELATED PARTY OF THE FOREGOING IN ANY WAY RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS
RELATING HERETO OR THERETO, IN ANY FORUM OTHER THAN THE UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW YORK
SITTING IN THE BOROUGH OF MANHATTAN (OR IF SUCH COURT LACKS SUBJECT MATTER JURISDICTION, THE SUPREME COURT OF THE STATE OF NEW
YORK SITTING IN THE BOROUGH OF MANHATTAN), AND ANY APPELLATE COURT FROM ANY THEREOF, AND EACH OF THE PARTIES HERETO IRREVOCABLY
AND UNCONDITIONALLY SUBMITS TO THE JURISDICTION OF SUCH COURTS AND AGREES THAT ALL CLAIMS IN RESPECT OF ANY SUCH ACTION, LITIGATION
OR PROCEEDING MAY BE HEARD AND DETERMINED IN SUCH NEW YORK STATE COURT OR, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, IN
SUCH FEDERAL COURT, PROVIDED, HOWEVER, THAT THE INTERPRETATION OF WHETHER THE COMPANY OR ONE OF ITS SUBSIDIARIES SHALL HAVE ACCEPTED
ALL OUTSTANDING EQUITY INTERESTS THAT HAVE VALIDLY TENDERED PURSUANT TO THE OFFER AND SHALL HAVE TENDERED PAYMENT FOR SUCH EQUITY
INTERESTS IN ACCORDANCE WITH THE TERMS OF THE ACQUISITION AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE
APPLICABLE LAWS GOVERNING THE ACQUISITION AGREEMENT. EACH OF THE PARTIES HERETO AGREES THAT A FINAL JUDGMENT IN ANY SUCH ACTION,
LITIGATION OR PROCEEDING SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT OR IN ANY
OTHER MANNER PROVIDED BY LAW. NOTHING IN THIS AGREEMENT OR IN ANY OTHER LOAN DOCUMENT SHALL AFFECT ANY RIGHT THAT THE ADMINISTRATIVE
AGENT OR ANY LENDER MAY OTHERWISE HAVE TO BRING ANY ACTION OR PROCEEDING RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT
AGAINST THE COMPANY OR ITS PROPERTIES IN THE COURTS OF ANY JURISDICTION.


 






    	 	79	 



     


    

 


(c)           WAIVER
OF VENUE. THE COMPANY IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY OBJECTION
THAT IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY 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. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY
WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, THE DEFENSE OF AN INCONVENIENT FORUM TO THE MAINTENANCE OF SUCH ACTION
OR PROCEEDING IN ANY SUCH COURT.


 


(d)           SERVICE
OF PROCESS. EACH PARTY HERETO IRREVOCABLY CONSENTS TO SERVICE OF PROCESS IN THE MANNER PROVIDED FOR NOTICES IN SECTION 10.02.
NOTHING IN THIS AGREEMENT WILL AFFECT THE RIGHT OF ANY PARTY HERETO TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY APPLICABLE
LAW.


 


10.15      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 LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR
ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY).
EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PERSON HAS REPRESENTED, EXPRESSLY
OR OTHERWISE, THAT SUCH OTHER PERSON WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES
THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS BY, AMONG OTHER
THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION.


 


10.16      No
Advisory or Fiduciary Responsibility. In connection with all aspects of each transaction contemplated hereby (including in
connection with any amendment, waiver or other modification hereof or of any other Loan Document), the Company acknowledges and
agrees, and acknowledges its Affiliates’ understanding, that: (i) (A) the arranging and other services regarding
this Agreement provided by the Administrative Agent, the Arrangers and the Lenders are arm’s-length commercial transactions
between the Company and its Affiliates, on the one hand, and the Administrative Agent, the Arrangers and the Lenders, on the other
hand, (B) the Company has consulted its own legal, accounting, regulatory and tax advisors to the extent it has deemed appropriate,
and (C) the Company is capable of evaluating, and understands and accepts, the terms, risks and conditions of the transactions
contemplated hereby and by the other Loan Documents; (ii) (A) the Administrative Agent, the Arrangers and each Lender
is and has been acting solely as a principal and, except as expressly agreed in writing by the relevant parties, has not been,
is not, and will not be acting as an advisor, agent or fiduciary for the Company or any of its respective Affiliates, or any other
Person and (B) neither the Administrative Agent, the Arrangers nor any Lender has any obligation to the Company or any of
its Affiliates with respect to the transactions contemplated hereby except those obligations expressly set forth herein and in
the other Loan Documents; and (iii) the Administrative Agent, the Arrangers and the Lenders and their respective Affiliates
may be engaged in a broad range of transactions that involve interests that differ from those of the Company and its Affiliates,
and neither the Administrative Agent, the Arrangers nor any Lender has any obligation to disclose any of such interests to the
Company or any of its Affiliates. To the fullest extent permitted by law, the Company hereby waives and releases any claims that
it may have against the Administrative Agent, the Arrangers or any Lender with respect to any breach or alleged breach of agency
or fiduciary duty in connection with any aspect of any transaction contemplated hereby.


 






    	 	80	 



     


    

 


10.17      Electronic
Execution of Assignments and Certain Other Documents. The words “delivery,” “execute,” “execution,”
 “signed,” “signature,” and words of like import in any Loan Document or any other document executed in
connection herewith 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, physical delivery thereof
or the use of a paper-based recordkeeping system, as the case may be, to the extent and as provided for in any applicable Law,
including the Federal Electronic 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; provided that notwithstanding anything
contained herein to the contrary neither the Administrative Agent nor any Lender is under any obligation to agree to accept electronic
signatures in any form or in any format unless expressly agreed to by the Administrative Agent or such Lender pursuant to procedures
approved by it and provided further without limiting the foregoing, upon the request of any party, any electronic signature shall
be promptly followed by such manually executed counterpart.


 


10.18      USA
PATRIOT Act Notice. Each Lender that is subject to the Act (as hereinafter defined) and the Administrative Agent (for itself
and not on behalf of any Lender) hereby notifies the Company that pursuant to the requirements of the USA PATRIOT Act (Title III
of Pub. L. 107-56 (signed into law October 26, 2001)) (the “Act”), it is required to obtain, verify and
record information that identifies the Company, which information includes the name and address of the Company and other information
that will allow such Lender or the Administrative Agent, as applicable, to identify the Company in accordance with the Act. The
Company shall, promptly following a request by the Administrative Agent or any Lender, provide all documentation and other information
that the Administrative Agent or such Lender requests in order to comply with its ongoing obligations under applicable “know
your customer” and anti-money laundering rules and regulations, including the Act. Each reference to the “Company”
in this Section 10.18 shall also include any successor pursuant to Section 7.02.


 


10.19      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 the Company 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 or such Lender, as the case may be, of any sum adjudged to be so due in the Judgment Currency, the Administrative
Agent or such Lender, as the case may be, 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 or any Lender from the Company in the Agreement Currency, the Company agrees, as a separate obligation and notwithstanding
any such judgment, to indemnify the Administrative Agent or such Lender, as the case may be, against such loss. If the amount
of the Agreement Currency so purchased is greater than the sum originally due to the Administrative Agent or any Lender in such
currency, the Administrative Agent or such Lender, as the case may be, agrees to return the amount of any excess to the Company
(or to any other Person who may be entitled thereto under applicable law).


 






    	 	81	 



     


    

 


10.20      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.


 


[Signature Pages Follow]


 









    	 	82	 



     


    

 


IN WITNESS WHEREOF,
the parties hereto have caused this Agreement to be duly executed as of the date first above written.


 


	 	THERMO FISHER SCIENTIFIC INC.
	 	 	 
	 	By:	/s/ Anthony H. Smith                                                     
	 	Name:	Anthony H. Smith
	 	Title:	Vice President of Tax & Treasury and Treasurer



 





[Signature Page to Term Loan Credit Agreement]


 






    


     


    

 



 


 


	 	JPMORGAN CHASE BANK, N.A.,
	 	as Administrative Agent and as a Lender
	 
	 	By:	/s/ Stephen Lescher
	 	Name:	 Stephen Lescher
	 	Title:	Vice President




 


[Signature
Page to Term Loan Credit Agreement]


 






    


     


    

 


	 	MORGAN STANLEY SENIOR FUNDING, INC., 
	
	 	as a Lender
	 
	 	By:	/s/ Anish Shah
	 	Name:	Anish Shah
	 	Title:	Authorized Signatory




 


	 	MORGAN STANLEY BANK, N.A.,
	 	as a Lender
	 
	 	By:	/s/ Anish Shah
	 	Name:	Anish Shah
	 	Title:	Authorized Signatory




 


[Signature Page to Term Loan Credit
Agreement]


 






    


     


    

 


	 	BANK OF AMERICA, N.A.,
	 	as a Lender
	 
	 	By:	/s/ Joseph L. Corah
	 	Name: 	Joseph L. Corah
	 	Title:	Director




 


[Signature
Page to Term Loan Credit Agreement]


 






    


     


    

 


	 	HSBC Bank Plc, 
	 	as a Lender
	 
	 	By:	/s/ Giovanna Padua
	 	Name:	Giovanna Padua
	 	Title:	Director




 


[Signature
Page to Term Loan Credit Agreement]


 






    


     


    

 


	 	MIZUHO BANK, LTD., 
	 	as a Lender
	 
	 	By: 	/s/ Tracy Rahn
	 	Name:	Tracy Rahn
	 	Title:	Executive Director




 


[Signature Page to
Term Loan Credit Agreement]


 






    


     


    

 


	 	DEUTSCHE BANK AG NEW YORK BRANCH, 
	 	as a Lender
	 
	 	By:	/s/ Ming K. Chu
	 	Name:	Ming K. Chu             ming.k.chu@db.com
	 	Title:	Director                     +1-212-250-5451




 


	 	By:	/s/ Annie Chung
	 	Name:	Annie Chung            annie.chung@db.com
	 	Title:	Director                     +1-212-250-6375




 


[Signature Page to
Term Loan Credit Agreement]


 






    


     


    

 


	 	U.S. Bank National Association, 
	 	as a Lender
	 
	 	By:	/s/ Maria Massimino
	 	Name:	Maria Massimino
	 	Title:	Vice President




 


[Signature
Page to Term Loan Credit Agreement]


 






    


     


    

 


	 	BNP Paribas, 
	 	as a Lender
	 
	 	By: 	/s/ Brendan Heneghan
	 	Name: 	Brendan Heneghan
	 	Title:	Director




 


	 	By: 	/s/ Karim Remtoula
	 	Name: 	Karim Remtoula
	 	Title:	Vice President




 

[Signature Page to
Term Loan Credit Agreement]


 






    


     


    

 


	 	Citibank, N.A., 
	 	as a Lender
	 
	 	By:	/s/ Pranjal Gambhir
	 	Name: 	Pranjal Gambhir
	 	Title:	Vice-President




 


[Signature
Page to Term Loan Credit Agreement]


 






    


     


    

 


	 	CREDIT SUISSE AG, Cayman Islands Branch, 
	 	as a Lender
	 
	 	By:	/s/ Lingzi Huang
	 	Name:	Lingzi Huang
	 	Title:	Authorized Signatory
	 
	 	By:	/s/ Emerson Almeida
	 	Name: 	Emerson Almeida
	 	Title: 	Authorized Signatory




 


[Signature
Page to Term Loan Credit Agreement]


 






    


     


    

 


	 	MUFG Bank Ltd., 
	 	as a Lender
	 
	 	By:	/s/ David Meisner
	 	Name: 	David Meisner
	 	Title:	Vice President




 


[Signature
Page to Term Loan Credit Agreement]


 






    


     


    

 


	 	Sumitomo Mitsui Banking Corporation, 
	 	as a Lender
	 
	 	By:	/s/ Michael Maguire
	 	Name:	Michael Maguire
	 	Title:	Managing Director




 


[Signature
Page to Term Loan Credit Agreement]


 






    


     


    

 


	 	THE BANK OF NOVA SCOTIA, 
	 	as a Lender
	 
	 	By: 	/s/ Arjun Talwalkar
	 	Name: 	Arjun Talwalkar
	 	Title: 	Director




 


[Signature Page to
Term Loan Credit Agreement]


 






    


     


    

 


	 	ING Bank N.V., Dublin Branch,
	 	as a Lender
	 
	 	By: 	/s/ Barry Fehily
	 	Name: 	Barry Fehily
	 	Title:	Managing Director
	 
	 	By: 	/s/ Sean Hassett
	 	Name:	Sean Hassett
	 	Title:	Director




 


[Signature
Page to Term Loan Credit Agreement]


 






    


     


    

 


	 	KeyBank National Association, 
	 	as a Lender
	 
	 	By:	/s/ Jason A. Nichols
	 	Name:	Jason A. Nichols
	 	Title:	Vice President




 


[Signature Page to Term Loan Credit Agreement]


 






    


     


    

 


	 	Wells Fargo Bank, N.A., 
	 	as a Lender
	 
	 	By:	/s/ Andrea S Chen
	 	Name:	Andrea S Chen
	 	Title:	Managing Director




 


[Signature
Page to Term Loan Credit Agreement]


 






    


     


    

 


	 	Nordea Bank Abp, New York Branch,
	 	as a Lender
	 
	 	By:	/s/ Leena Parker
	 	Name:	Leena Parker
	 	Title:	Senior Vice President
	 
	 	By:	/s/ Ola Anderssen
	 	Name:	Ola Anderssen
	 	Title:	 First Vice President




 


[Signature Page to Term Loan Credit
Agreement]


 






    


     


    

 


 



 


EXHIBIT A


 


[FORM OF]


LOAN NOTICE


 


Date: ___________, _____


 


To:          JPMorgan
Chase Bank, N.A., as Administrative Agent


 


Ladies and Gentlemen:


 


Reference is made to
that certain Term Loan Credit Agreement, dated as of June 5, 2020 (as amended, restated, extended, supplemented or otherwise
modified in writing from time to time, the “Agreement;” the terms defined therein being used herein as therein
defined), among Thermo Fisher Scientific Inc., a Delaware corporation (the “Company”), the Lenders from time
to time party thereto and JPMorgan Chase Bank, N.A., as Administrative Agent.


 


The Company hereby
requests, on behalf of itself or (select one):


 


 ̈ A Borrowing of Loans


  ̈ A conversion or continuation of Eurocurrency Rate Loans


 


On ______________________________
(a Business Day).


 


In the principal
amount of $ ___________________.


 


Type and Class of
Loans: ___________________.


 


With an Interest
Period of ___ months (if applicable).


 


THERMO FISHER SCIENTIFIC INC.


 


	By:	 	 
	Name:	 	 
	Title:	 	 



 


A-1

Form of Loan Notice






    


     


    

 


EXHIBIT B


 


[FORM OF]


NOTE


 


FOR VALUE RECEIVED,
the undersigned (the “Borrower”) hereby promises to pay to _____________________ or its registered assigns (the
 “Lender”), in accordance with the provisions of the Agreement (as hereinafter defined), the principal amount
of each Loan from time to time made by the Lender to the Borrower under that certain Term Loan Credit Agreement, dated as of June 5,
2020 (as amended, restated, extended, supplemented or otherwise modified in writing from time to time, the “Agreement;”
the terms defined therein being used herein as therein defined), among Thermo Fisher Scientific Inc., a Delaware corporation (the
 “Company”), the Lenders from time to time party thereto and JPMorgan Chase Bank, N.A., as Administrative Agent.


 


The Borrower promises
to pay interest on the unpaid principal amount of each Loan from the date of such Loan until such principal amount is paid in full,
at such interest rates and at such times as provided in the Agreement. All payments of principal and interest shall be made to
the Administrative Agent for the account of the Lender in the currency required by the Agreement in Same Day Funds at the Administrative
Agent’s Office. If any amount is not paid in full when due hereunder, such unpaid amount shall bear interest, to be paid
upon demand, from the due date thereof until the date of actual payment (and before as well as after judgment) computed at the
per annum rate set forth in the Agreement.


 


This Note is one of
the Notes referred to in the Agreement, is entitled to the benefits thereof and may be prepaid in whole or in part subject to the
terms and conditions provided therein. Upon the occurrence and continuation of one or more of the Events of Default specified in
the Agreement, all amounts then remaining unpaid on this Note shall become, or may be declared to be, immediately due and payable
all as provided in the Agreement. Loans made by the Lender shall be evidenced by one or more loan accounts or records maintained
by the Lender in the ordinary course of business. The Lender may also attach schedules to this Note and endorse thereon the date,
amount, currency and maturity of its Loans and payments with respect thereto.


 


The Borrower, for itself,
its successors and assigns, hereby waives diligence, presentment, protest and demand and notice of protest, demand, dishonor and
non-payment of this Note.


 


[Remainder of Page Intentionally Blank]


 


B-1


Form of Note






    


     


    

 





THIS NOTE SHALL BE GOVERNED BY, AND CONSTRUED
IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.


 


THERMO FISHER SCIENTIFIC INC.


 


	By:	 	 
	Name:	 	 
	Title:	 	 


 


B-2


Form of Note






    


     


    

 


LOANS
AND PAYMENTS WITH RESPECT THERETO


 


	Date	Amount of 

Loan Made	Class of 

Loan 	End of

 Interest

 Period (if 

applicable)	Amount of

 Principal or

 Interest

 Paid This 

Date	Outstanding

 Principal

 Balance This

 Date	Notation

 Made By
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 




 




B-3


Form of Note






    


     


    

 


EXHIBIT C


 


[FORM OF]


COMPLIANCE
CERTIFICATE


 


Financial Statement Date: __________, ____


 


To:          JPMorgan
Chase Bank, N.A., as Administrative Agent


 


Ladies and Gentlemen:


 


Reference is made to
that certain Term Loan Credit Agreement, dated as of June 5, 2020 (as amended, restated, extended, supplemented or otherwise
modified in writing from time to time, the “Agreement;” the terms defined therein being used herein as therein
defined), among Thermo Fisher Scientific Inc., a Delaware corporation (the “Company”), the Lenders from time
to time party thereto and JPMorgan Chase Bank, N.A., as Administrative Agent.


 


The undersigned [chief
executive officer] [chief financial officer] [treasurer] [assistant treasurer] [controller] of the Company hereby certifies as
of the date hereof in his/her capacity as such (and not in his/her individual capacity) that he/she is the _______________________________
of the Company, and that, as such, he/she is authorized to execute and deliver this Compliance Certificate to the Administrative
Agent on the behalf of the Company, and that:


 


[Use following paragraph 1 for fiscal
year-end financial statements]


 


1.            [Attached
hereto as Schedule 1 are the year-end audited financial statements required to be delivered by Section 6.01(a) of
the Agreement for the fiscal year of the Company ended as of the above date, together with the report and opinion of a Registered
Public Accounting Firm of nationally recognized standing required by such section][The Company has timely filed its Form 10-K
with the SEC]; and


 


[Use following paragraph 1 for fiscal
quarter-end financial statements]


 


1.            [Attached
hereto as Schedule 1 are the unaudited financial statements required to be delivered by Section 6.01(b) of
the Agreement for the fiscal quarter of the Company ended as of the above date][The Company has timely filed its Form 10-Q
with the SEC]. Such financial statements fairly present in all material respects the financial condition, results of operations,
shareholders’ equity and cash flows of the Company and its Subsidiaries in accordance with GAAP as at such date and for such
period, subject to normal year-end audit adjustments and the absence of footnotes; and


 


[select one:]


 


to the best knowledge
of the undersigned, as of the date of this Compliance Certificate , no Default exists, ][except as set forth below]


 


2.            The
financial covenant analyses and information set forth on Schedule [2][1] attached hereto are true and accurate on and as
of the date of this Compliance Certificate.


 


C-1

Form of Compliance Certificate






    


     


    

 





IN WITNESS WHEREOF,
the undersigned has executed this Compliance Certificate as of _____________________, _____________.


 


THERMO FISHER SCIENTIFIC INC.


 


	By:	 	 
	Name:	 	 
	Title:	 	 


 





C-2

Form of Compliance Certificate






    


     


    

 


For the Quarter/Year ended __________________
(“Statement Date”)


 


SCHEDULE [2][1]


 


to the Compliance Certificate


 


($ in 000’s)


 


Consolidated EBITDA for four fiscal quarters
ending on above date (the “Subject Period”)


 


(in accordance with the definition of Consolidated
EBITDA as set forth in the Agreement)


 


	Consolidated

EBITDA	Quarter

Ended	Quarter

Ended	Quarter

Ended	Quarter

Ended	Twelve Months

 Ended
	
        Consolidated Net Income

         
	 	 	 	 	 
	
        + income tax expense

         
	 	 	 	 	 
	
        + interest expense, amortization or writeoff of debt discount
        and debt issuance costs and commissions, discounts and other fees and charges associated with Indebtedness (including the Loans)

         
	 	 	 	 	 
	
        + depreciation and amortization expense

         
	 	 	 	 	 
	
        + amortization of intangibles and organization costs

         
	 	 	 	 	 
	
        + extraordinary, unusual or non-recurring non-cash expenses
        or losses (including, whether or not otherwise includable as a separate item in the statement of Consolidated Net Income for the
        Subject Period, non-cash losses on sales of assets outside of the ordinary course of business)

         
	 	 	 	 	 
	
        + any extraordinary, unusual or non-recurring cash expenses
        or losses to the extent they do not exceed, in the aggregate, $75,000,000 during the Subject Period

         
	 	 	 	 	 



 


C-3


Form of Compliance Certificate






    


     


    

 


	
        + stock-based compensation expense

         
	 	 	 	 	 
	+ non-recurring cash charges incurred in the four consecutive fiscal quarter period commencing with the quarter during which the applicable transaction described in clause (a) and (b) below is consummated, (a) related to the Acquisition, including related non-recurring integration costs of the Company and its Subsidiaries, in an aggregate amount not to exceed $300,000,000 in the aggregate for such four consecutive fiscal quarter period and (b) related to any other Qualified Acquisition, including related non-recurring integration costs of the Company and its Subsidiaries, in an aggregate amount not to exceed $250,000,000 for each such Qualified Acquisition for such four consecutive fiscal quarter period

                                                                                 
	 	 	 	 	 
	
        - interest income

         
	 	 	 	 	 
	
        - extraordinary, unusual or non-recurring non-cash income or
        gains (including, whether or not otherwise includable as a separate item in the statement of such Consolidated Net Income for the
        Subject Period, non-cash gains on the sales of assets outside of the ordinary course of business)

         
	 	 	 	 	 
	
        - extraordinary, unusual or non-recurring cash income or gains
        to the extent they exceed, in the aggregate, $75,000,000 during the Subject Period

         
	 	 	 	 	 
	
        - income tax credits (to the extent not netted from income tax
        expense)

         
	 	 	 	 	 
	Consolidated EBITDA	 	 	 	 	 


 


C-4


Form of Compliance Certificate






    


     


    

 


Consolidated Interest Expense for four fiscal
quarters ending on the Subject Period


 


(in accordance with the definition of Consolidated
Interest Expense as set forth in the Agreement)


 


	Consolidated Interest Expense	Quarter

Ended	Quarter

Ended	Quarter

Ended	Quarter

Ended	Twelve Months

 Ended
	
        total cash interest expense (including that attributable to
        Capital Lease Obligations) of the Company and its Subsidiaries for the Subject Period with respect to all outstanding Indebtedness
        of the Company and its Subsidiaries

         
	 	 	 	 	 
	
        - all commissions, discounts and other fees and charges owed
        with respect to letters of credit and bankers’ acceptance financing

         
	 	 	 	 	 
	
        + net costs under Swap Contracts in respect of interest rates
        to the extent such net costs are allocable to the Subject Period in accordance with GAAP

         
	 	 	 	 	 
	Consolidated Interest Expense	 	 	 	 	 


 


I.            Section 7.03
 – Consolidated Net Leverage Ratio.


 


	A.	Indebtedness of the Company and its Subsidiaries outstanding at Statement Date:

                                                                                 
	$                
	B.	Unrestricted cash and cash equivalents (but, for the avoidance of doubt (and without duplication of the effect of the provisos to Sections 7.03 and 7.04 of the Credit Agreement), excluding the netting of any proceeds of Acquisition Debt or any Indebtedness in favor of the Target excluded from Indebtedness pursuant to Section 7.03 or 7.04 of the Credit Agreement) of the Company and its Subsidiaries as of such Statement Date:

                                                                                 
	
         

        $                

	C.	Consolidated EBITDA for the Subject Period:

                                                                               
	$                
	D.	
        Consolidated Net Leverage Ratio ((Line I.A − Line I.B)
        ÷ Line I.C):

         
	$                
	E.	Maximum Permitted Consolidated Net Leverage Ratio for the following Subject Periods:

                                                                               
	 
	 	(a) For the first two full consecutive fiscal quarters ended on or after the Closing Date:	5.0 to 1.0
	 	(b) The two fiscal quarters following immediately after the first two consecutive fiscal quarters ended on or after the Closing Date: 	4.0 to 1.0
	 	(c) Each fiscal quarter ended thereafter:

                                                                                 
	3.5 to 1.0
	F.	Qualified Acquisition Step-Ups:

                                                                               
	 



 


C-5


Form of Compliance Certificate






    


     


    

 


	 	(a) At any time the required Consolidated Net Leverage Ratio has stepped down to be 4.0 to 1.0 or less: at the Company’s election within 30 days of a Qualified Acquisition being consummated, for the two consecutive fiscal quarters ended immediately on or after the date such Qualified Acquisition is consummated:	4.5 to 1.0
	 	(b) For the next two consecutive fiscal quarters ended immediately following the first two consecutive fiscal quarters ended on or after the date such Qualified Acquisition is consummated: 	4.0 to 1.0
	 	(c) Each fiscal quarter thereafter:

                                                                                 
	3.5 to 1.0


 


II.          Section 7.04
 – Consolidated Interest Coverage Ratio.


 


	A.	Consolidated EBITDA for the Subject Period: 

                                                                                 
	$                
	B.	Consolidated Interest Expense for the Subject Period:

                                                                               
	$                
	C.	
        Consolidated Interest Coverage Ratio (Line I.A ÷ Line
        I.B):

         
	$                
	D.	Minimum Permitted Consolidated Interest Coverage Ratio:

                                                                               
	3.0 to 1.0





 


C-6


Form of Compliance Certificate






    


     


    

 



EXHIBIT D


 


[form
of]


ASSIGNMENT
AND ASSUMPTION


 


This Assignment and
Assumption (this “Assignment and Assumption”) is dated as of the Effective Date set forth below and is entered
into by and between [the][each] Assignor identified in item 1 below ([the][each, an] “Assignor”) and [the][each]
Assignee identified in item 2 below ([the][each, an] “Assignee”). [It is understood and agreed that the rights
and obligations of [the Assignors][the Assignees] hereunder are several and not joint.] Capitalized terms used but not defined
herein shall have the meanings given to them in the Term Loan Credit Agreement identified below (as amended, restated, extended,
supplemented or otherwise modified from time to time, the “Credit Agreement”), receipt of a copy of which is
hereby acknowledged by the Assignee. The Standard Terms and Conditions set forth in Annex 1 attached hereto are hereby agreed to
and incorporated herein by reference and made a part of this Assignment and Assumption as if set forth herein in full.


 


For an agreed consideration,
[the][each] Assignor hereby irrevocably sells and assigns to [the Assignee][the respective Assignees], and [the][each] Assignee
hereby irrevocably purchases and assumes from [the Assignor][the respective Assignors], subject to and in accordance with the Standard
Terms and Conditions and the Credit Agreement, as of the Effective Date inserted by the Administrative Agent as contemplated below
(i) all of [the Assignor’s][the respective Assignors’] rights and obligations in [its capacity as a Lender][their
respective capacities as Lenders] under the Credit Agreement and any other documents or instruments delivered pursuant thereto
to the extent related to the amount and percentage interest identified below of all of such outstanding rights and obligations
of [the Assignor][the respective Assignors] under the respective facilities identified below and (ii) to the extent permitted
to be assigned under applicable law, all claims, suits, causes of action and any other right of [the Assignor (in its capacity
as a Lender)][the respective Assignors (in their respective capacities as Lenders)] against any Person, whether known or unknown,
arising under or in connection with the Credit Agreement, any other documents or instruments delivered pursuant thereto or the
loan transactions governed thereby or in any way based on or related to any of the foregoing, including, but not limited to, contract
claims, tort claims, malpractice claims, statutory claims and all other claims at law or in equity related to the rights and obligations
sold and assigned pursuant to clause (i) above (the rights and obligations sold and assigned by [the][any] Assignor to [the][any]
Assignee pursuant to clauses (i) and (ii) above being referred to herein collectively as [the][an] “Assigned Interest”).
Each such sale and assignment is without recourse to [the][any] Assignor and, except as expressly provided in this Assignment and
Assumption, without representation or warranty by [the][any] Assignor.


 


	1.	Assignor[s]:	 	 
	 	 	 	 	 
	 	 	 	 
	 	 	 	 	 
	 	 	 	 
	 	 	 	 	 



 



    D-1
Assignment and Assumption


     


    

 





	Assignee[s]	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 
	 	[for each Assignee, indicate [Affiliate][Approved Fund] of [identify Lender]]
	Borrower:	Thermo Fisher Scientific Inc. 
	Administrative Agent.	JPMorgan Chase Bank, N.A., as the administrative agent under the Credit Agreement
	Credit Agreement.	Term Loan Credit Agreement, dated as of June 5, 2020, among Thermo Fisher Scientific Inc., the Lenders from time to time party thereto and JPMorgan Chase Bank, N.A., as Administrative Agent.
	Assigned Interest[s]:	 



	Assignor[s]	Assignees[s]	Facility

                                                                                 Assigned
	Aggregate

                                                                                Amount of

                                                                                Commitment

                                                                                For all Lenders
	Amount of

                                                                                Commitment

                                                                                Assigned
	Percentage

                                                                                Assigned of

                                                                                Commitment
	
        CUSIP

        Number

	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 



 


Trade Date:
__________________]3


 


Effective Date: __________________, 20__
[TO BE INSERTED BY ADMINISTRATIVE AGENT AND WHICH SHALL BE THE EFFECTIVE DATE OF RECORDATION OF TRANSFER IN THE REGISTER THEREFOR.]


 


[Remainder of page intentionally left
blank.]


 


 


 






 


3   To be completed if the Assignor and the Assignee
intend that the minimum assignment amount is to be determined as of the Trade Date.


 






    D-2
Assignment and Assumption


     


    

 


The terms set forth in this Assignment
and Assumption are hereby agreed to:


 


	ASSIGNOR	 
	[NAME OF ASSIGNOR]	 
	 	 
	By:	 	 
	Title:	 	 
	 	 
	 	 
	ASSIGNEE	 
	[NAME OF ASSIGNOR]	 
	 	 
	By:	 	 
	Title:	 	 
	 	 
	 	 
	[Consented to and] Accepted:	 
	 	 
	 	 
	JPMORGAN CHASE BANK, N.A., as

Administrative Agent	 
	 	 
	By:	 	 
	Title:	 	 
	 	 
	[Consented to:]2	 
	 	 
	
         THERMO FISHER SCIENTIFIC
INC.
	 
	 	 
	By:	 	 
	Title:	 	 



 





 



 


2   See Section 10.06(b)(iii)(A).


 






    D-3
Assignment and Assumption


     


    

 


ANNEX 1 TO ASSIGNMENT AND ASSUMPTION


 


TERM
LOAN CREDIT AGREEMENT DATED AS OF JUNE 5, 2020, AMONG THERMO FISHER SCIENTIFIC INC.,
THE LENDERS FROM TIME TO TIME PARTY THERETO and JPMorgan Chase Bank, N.A., as Administrative Agent.


 


STANDARD TERMS AND CONDITIONS FOR


ASSIGNMENT AND ASSUMPTION


 


1.            Representations
and Warranties.


 


1.1.         Assignor.
[The][Each] Assignor (a) represents and warrants that (i) it is the legal and beneficial owner of [the][[the relevant]
Assigned Interest, (ii) [the][such] Assigned Interest is free and clear of any lien, encumbrance or other adverse claim and
(iii) it has full power and authority, and has taken all action necessary, to execute and deliver this Assignment and Assumption
and to consummate the transactions contemplated hereby; and (b) assumes no responsibility with respect to (i) any statements,
warranties or representations made in or in connection with the Credit Agreement or any other Loan Document, (ii) the execution,
legality, validity, enforceability, genuineness, sufficiency or value of the Loan Documents or any collateral thereunder, (iii) the
financial condition of the Company, any of its Subsidiaries or Affiliates or any other Person obligated in respect of any Loan
Document or (iv) the performance or observance by the Company, any of its Subsidiaries or Affiliates or any other Person of
any of their respective obligations under any Loan Document.


 


1.2.         Assignee.
[The][Each] Assignee (a) represents and warrants that (i) it has full power and authority, and has taken all action necessary,
to execute and deliver this Assignment and Assumption and to consummate the transactions contemplated hereby and to become a Lender
under the Credit Agreement, (ii) it meets all the requirements to be an assignee under Section 10.06(b)(iii) and
(v) of the Credit Agreement (subject to such consents, if any, as may be required under Section 10.06(b)(iii) of
the Credit Agreement), (iii) from and after the Effective Date, it shall be bound by the provisions of the Credit Agreement
as a Lender thereunder and, to the extent of [the][the relevant] Assigned Interest, shall have the obligations of a Lender thereunder,
(iv) it is sophisticated with respect to decisions to acquire assets of the type represented by [the][such] Assigned Interest
and either it, or the Person exercising discretion in making its decision to acquire [the][such] Assigned Interest, is experienced
in acquiring assets of such type, (v) it has received a copy of the Credit Agreement, and has received or has been accorded
the opportunity to receive copies of the most recent financial statements delivered pursuant to Section 6.01 thereof,
as applicable, and such other documents and information as it deems appropriate to make its own credit analysis and decision to
enter into this Assignment and Assumption and to purchase [the][such] Assigned Interest, (vi) it has, independently and without
reliance upon the Administrative Agent or any other Lender and based on such documents and information as it has deemed appropriate,
made its own credit analysis and decision to enter into this Assignment and Assumption and to purchase [the][such] Assigned Interest,
and (vii) if it is a Foreign Lender, attached hereto is any documentation required to be delivered by it pursuant to the terms
of the Credit Agreement, duly completed and executed by [the][such] Assignee; and (b) agrees that (i) it will, independently
and without reliance upon the Administrative Agent, [the][any] Assignor or any other Lender, and based on such documents and information
as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Loan
Documents, and (ii) it will perform in accordance with their terms all of the obligations which by the terms of the Loan Documents
are required to be performed by it as a Lender.


 






    D-4
Assignment and Assumption


     


    

 


2.            Payments.
From and after the Effective Date, the Administrative Agent shall make all payments in respect of [the][each] Assigned Interest
(including payments of principal, interest, fees and other amounts) to [the][the relevant] Assignor for amounts which have accrued
to but excluding the Effective Date and to [the][the relevant] Assignee for amounts which have accrued from and after the Effective
Date.


 


3.            General
Provisions. This Assignment and Assumption shall be binding upon, and inure to the benefit of, the parties hereto and their
respective successors and assigns. This Assignment and Assumption may be executed in any number of counterparts, which together
shall constitute one instrument. Delivery of an executed counterpart of a signature page of this Assignment and Assumption
by telecopy shall be effective as delivery of a manually executed counterpart of this Assignment and Assumption. This Assignment
and Assumption shall be governed by, and construed in accordance with, the law of the State of New York.


 






    D-5
Assignment and Assumption


     


    

 


EXHIBIT E-1


 


[Form of]


U.S.
TAX COMPLIANCE CERTIFICATE


(For Foreign Lenders That Are Not Partnerships
for U.S. Federal Income Tax Purposes)


 


Reference is hereby
made to the Term Loan Credit Agreement dated as of June 5, 2020 (as amended, restated, extended, supplemented or otherwise
modified in writing from time to time, the “Credit Agreement”), among Thermo Fisher Scientific Inc., a Delaware
corporation (the “Company”), the Lenders from time to time party thereto and JPMorgan Chase Bank, N.A., as Administrative
Agent.


 


Pursuant to the provisions
of Section 3.01(f) of the Credit Agreement, the undersigned hereby certifies that (i) it is the sole record
and beneficial owner of the Loan(s) (as well as any Note(s) evidencing such Loan(s)) in respect of which it is providing
this certificate, (ii) it is not a bank within the meaning of Section 881(c)(3)(A) of the Code, (iii) it is
not a ten percent shareholder of the Company within the meaning of Section 871(h)(3)(B) of the Code and (iv) it
is not a controlled foreign corporation related to the Company as described in Section 881(c)(3)(C) of the Code.


 


The undersigned has
furnished the Administrative Agent and the Company with a certificate of its non-U.S. Person status on IRS Form W-8BEN or
W-8BEN-E (or, in either case, an applicable successor form), as applicable. By executing this certificate, the undersigned agrees
that (1) if the information provided on this certificate changes, the undersigned shall promptly so inform the Company and
the Administrative Agent, and (2) the undersigned shall have at all times furnished the Company and the Administrative Agent
with a properly completed and currently effective certificate in either the calendar year in which each payment is to be made to
the undersigned, or in either of the two calendar years preceding such payments.


 


Unless otherwise defined
herein, terms defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit Agreement.


 


	[NAME OF LENDER]	 
	By:	 	 	 



 


	 	Name:  	 	 	 
	 	Title:  	 	 	 


 


Date: ________ __, 20[ ]


 



    E-1-1
U.S. Tax Compliance Certificate


     


    

 


EXHIBIT E-2


 


[Form of]


U.S.
TAX COMPLIANCE CERTIFICATE


(For Foreign Participants That Are Not Partnerships
For U.S. Federal Income Tax Purposes)


 


Reference is hereby
made to the Term Loan Credit Agreement dated as of June 5, 2020 (as amended, restated, extended, supplemented or otherwise
modified in writing from time to time, the “Credit Agreement”), among Thermo Fisher Scientific Inc., a Delaware
corporation (the “Company”), the Lenders from time to time party thereto and JPMorgan Chase Bank, N.A., as Administrative
Agent.


 


Pursuant to the provisions
of Section 3.01(f) of the Credit Agreement, the undersigned hereby certifies that (i) it is the sole record
and beneficial owner of the participation in respect of which it is providing this certificate, (ii) it is not a bank within
the meaning of Section 881(c)(3)(A) of the Code, (iii) it is not a ten percent shareholder of the Company within
the meaning of Section 871(h)(3)(B) of the Code, and (iv) it is not a controlled foreign corporation related to
the Company as described in Section 881(c)(3)(C) of the Code.


 


The undersigned has
furnished its participating Lender with a certificate of its non-U.S. Person status on IRS Form W-8BEN or W-8BEN-E (or, in
either case, an applicable successor form), as applicable. By executing this certificate, the undersigned agrees that (1) if
the information provided on this certificate changes, the undersigned shall promptly so inform such Lender in writing, and (2) the
undersigned shall have at all times furnished such Lender with a properly completed and currently effective certificate in either
the calendar year in which each payment is to be made to the undersigned, or in either of the two calendar years preceding such
payments.


 


Unless otherwise defined
herein, terms defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit Agreement.


 


	
	




	[NAME OF PARTICIPANT]	 
	By:	 	 	 





 





	 	Name:  	 	 	 
	 	Title:  	 	 	 


 


Date: ________ __, 20[ ]


 






    E-2-1
U.S. Tax Compliance Certificate


     


    

 


EXHIBIT E-3


 


[Form of]


U.S.
TAX COMPLIANCE CERTIFICATE


(For Foreign Participants That Are Partnerships
For U.S. Federal Income Tax Purposes)


 


Reference is hereby
made to the Term Loan Credit Agreement dated as of June 5, 2020 (as amended, restated, extended, supplemented or otherwise
modified in writing from time to time, the “Credit Agreement”), among Thermo Fisher Scientific Inc., a Delaware
corporation (the “Company”), the Lenders from time to time party thereto, and JPMorgan Chase Bank, N.A., as
Administrative Agent.


 


Pursuant to the provisions
of Section 3.01(f) of the Credit Agreement, the undersigned hereby certifies that (i) it is the sole record
owner of the participation in respect of which it is providing this certificate, (ii) its direct or indirect partners/members
are the sole beneficial owners of such participation, (iii) with respect such participation, neither the undersigned nor any
of its direct or indirect partners/members is a bank extending credit pursuant to a loan agreement entered into in the ordinary
course of its trade or business within the meaning of Section 881(c)(3)(A) of the Code, (iv) none of its direct
or indirect partners/members is a ten percent shareholder of the Company within the meaning of Section 871(h)(3)(B) of
the Code and (v) none of its direct or indirect partners/members is a controlled foreign corporation related to the Company
as described in Section 881(c)(3)(C) of the Code.


 


The undersigned has
furnished its participating Lender with IRS Form W-8IMY (or applicable successor form), accompanied by one of the following
forms from each of its partners/members that is claiming the portfolio interest exemption: (i) an IRS Form W-8BEN or
W-8BEN-E (or, in either case, an applicable successor form), as applicable, or (ii) an IRS Form W-8IMY accompanied by
an IRS Form W-8BEN or W-8BEN-E (or, in either case, an applicable successor form), as applicable, from each of such partner’s/member’s
beneficial owners that is claiming the portfolio interest exemption. By executing this certificate, the undersigned agrees that
(1) if the information provided on this certificate changes, the undersigned shall promptly so inform such Lender and (2) the
undersigned shall have at all times furnished such Lender with a properly completed and currently effective certificate in either
the calendar year in which each payment is to be made to the undersigned, or in either of the two calendar years preceding such
payments.


 


Unless otherwise defined
herein, terms defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit Agreement.


 





	[NAME OF PARTICIPANT]	 
	By:	 	 	 


 


 


	 	Name:  	 	 	 
	 	Title:  	 	 	 





 


Date: ________ __, 20[ ]


 






    E-3-1
U.S. Tax Compliance Certificate


     


    

 


EXHIBIT E-4


 


[Form of]


U.S.
TAX COMPLIANCE CERTIFICATE


(For Foreign Lenders That Are Partnerships
For U.S. Federal Income Tax Purposes)


 


Reference is hereby
made to the Term Loan Credit Agreement dated as of June 5, 2020 (as amended, restated, extended, supplemented or otherwise
modified in writing from time to time, the “Credit Agreement”), among Thermo Fisher Scientific Inc., a Delaware
corporation (the “Company”), the Lenders from time to time party thereto, and JPMorgan Chase Bank, N.A., as
Administrative Agent.


 


Pursuant to the
provisions of Section 3.01(f) of the Credit Agreement, the undersigned hereby certifies that (i) it is
the sole record owner of the Loan(s) (as well as any Note(s) evidencing such Loan(s)) in respect of which it is
providing this certificate, (ii) its direct or indirect partners/members are the sole beneficial owners of such
Loan(s) (as well as any Note(s) evidencing such Loan(s)), (iii) with respect to the extension of credit
pursuant to this Credit Agreement or any other Loan Document, neither the undersigned nor any of its direct or indirect
partners/members is a bank extending credit pursuant to a loan agreement entered into in the ordinary course of its trade or
business within the meaning of Section 881(c)(3)(A) of the Code, (iv) none of its direct or indirect
partners/members is a ten percent shareholder of the Company within the meaning of Section 871(h)(3)(B) of the Code
and (v) none of its direct or indirect partners/members is a controlled foreign corporation related to the Company as
described in Section 881(c)(3)(C) of the Code.


 


The undersigned has
furnished the Administrative Agent and the Company with IRS Form W-8IMY (or applicable successor form) accompanied by one
of the following forms from each of its partners/members that is claiming the portfolio interest exemption: (i) an IRS Form W-8BEN
or W-8BEN-E or (ii) an IRS Form W-8IMY (or applicable successor form) accompanied by an IRS Form W-8BEN or W-8BEN-E
(or, in either case, an applicable successor form), as applicable, from each of such partner’s/member’s beneficial
owners that is claiming the portfolio interest exemption. By executing this certificate, the undersigned agrees that (1) if
the information provided on this certificate changes, the undersigned shall promptly so inform the Company and the Administrative
Agent, and (2) the undersigned shall have at all times furnished the Company and the Administrative Agent with a properly
completed and currently effective certificate in either the calendar year in which each payment is to be made to the undersigned,
or in either of the two calendar years preceding such payments.


 


Unless otherwise defined
herein, terms defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit Agreement.


 





	[NAME OF LENDER]	 
	By:	 	 	 


 





	 	Name:  	 	 	 
	 	Title:  	 	 	 


 


Date: ________ __, 20[ ]


 






    E-4-1
U.S. Tax Compliance Certificate