EX-10.1




 Exhibit 10.1 

EXECUTION VERSION 

SEVENTH AMENDMENT TO THE SECOND AMENDED AND RESTATED CREDIT AGREEMENT 

THIS SEVENTH AMENDMENT TO THE SECOND AMENDED AND RESTATED CREDIT AGREEMENT (this “Amendment”), dated as of December 9,
2021, is among DARLING INGREDIENTS INC., a Delaware corporation (the “Parent Borrower”), the other Borrowers and Loan Parties (each as defined in the Amended Credit Agreement referred to below) party hereto, each of the Lenders
which are parties hereto, and JPMORGAN CHASE BANK, N.A., as administrative agent (the “Administrative Agent”). 
 RECITALS:

 Reference is made to that certain Second Amended and Restated Credit Agreement dated as of January 6, 2014 (as amended, restated,
amended and restated, supplemented or otherwise modified prior to the date hereof, the “Credit Agreement”, and as amended by this Amendment, the “Amended Credit Agreement”), among the Parent Borrower, the other
Borrowers party thereto, the Lenders party thereto from time to time, the Administrative Agent and the other agents party thereto. 
 The
Borrowers, the Administrative Agent, the Required Lenders party hereto, each Revolving Lender continuing as such after the Seventh Amendment Date (as defined below) and each Term A Lender now desire to amend the Credit Agreement as herein set forth.

 The Borrowers have requested a new tranche of term loans under the Amended Credit Agreement in the amount of up to $400,000,000 be made
available to the Parent Borrower, which shall be designated as Term A Loans and shall constitute a separate Class of Term Loans under the Amended Credit Agreement, and the Administrative Agent and the Term A Lenders have agreed, upon the terms
and conditions set forth herein, to provide the Parent Borrower with the Term A Loans in an amount consistent with the each Term A Lender’s Term A Commitment. 

NOW, THEREFORE, in consideration of the promises herein contained and other good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, the parties hereto agree as follows effective as of the date hereof unless otherwise indicated: 
 ARTICLE 1.

 Definitions 

Definitions. Capitalized terms used in this Amendment, to the extent not otherwise defined herein, shall have the same meanings as in
the Amended Credit Agreement. 
 ARTICLE 2. 

Amendments to the Credit Agreement 

(a) The Credit Agreement is hereby amended as set forth hereto on Annex I (with stricken text indicated textually in the same manner as
the following example: stricken text and added text indicated textually in the same manner as the following
example: double-underlined text). 

(b) After giving effect to the Amendment, the Term A Commitments and the Revolving Commitments are deemed to be held by the Lenders as set
forth in Annex II hereto (and, with respect to the Term A Commitments and the Revolving Commitments, Schedule 2.01 is deemed replaced thereby). Any modifications to such amounts (and any underlying Revolving Loans) are deemed to have been
effected by assignment automatically pursuant to this Amendment, and not subject to any limitations set forth in Section 10.04 of the Credit Agreement. 











 (c) Schedule 1.01, Schedule 6.01, Schedule 6.02 and Schedule 6.04 to the Credit Agreement
are hereby deemed to be replaced by Annex III hereto. 
 (d) Schedule 10.04 to the Credit Agreement is hereby added to the Credit Agreement
in the form attached as Annex IV hereto. 
 ARTICLE 3. 

Term A Loans 
 Subject to
the terms set forth herein and the Amended Credit Agreement and the conditions set forth in Article 6 hereof: 
 (a) Each Term A Lender, by
its execution of a signature page to this Amendment, agrees to make a Term A Loan to the Parent Borrower in dollars on each Term A Loan Funding Date (which shall be no later than the Term A Commitment Termination Date) in an aggregate principal
amount not to exceed its Term A Commitment. 
 (b) From and after the Seventh Amendment Date, each party hereto agrees that, for all
purposes of the Amended Credit Agreement and the other Loan Documents, (i) each Term A Lender shall be deemed to be a Term A Lender, a Term Lender and a Lender under the Amended Credit Agreement, and each Term A Lender shall be a party to the
Amended Credit Agreement and shall have the rights and obligations of a Lender under the Amended Credit Agreement if not already a Lender thereunder and (ii) the Term A Loans shall be made as a separate Class of Term Loans under the
Amended Credit Agreement and shall be deemed to be Term A Loans, Term Loans and Loans for all purposes under the Amended Credit Agreement and the other Loan Documents. 

(c) For the avoidance of doubt, the Term A Loans shall be incurred with the consent of the Required Lenders and shall not constitute an
Incremental Term Facility. 
 ARTICLE 4. 

New Borrowers 
 (a) each of
Darling Ingredients Belgium Holding BV, a limited liability company (besloten vennootschap/société à responsabilité limitée) organized under the laws of Belgium, having its registered office
(zetel/siège) located at Fabriekstraat 2, 9470 Denderleeuw (Belgium) and registered with the Crossroads Bank for Enterprises (Kruispuntbank voor Ondernemingen/Banque Carrefour des Entreprises) under number 0447.442.489 (RPR/RPM
Ghent—subsection Dendermonde) (the “Belgian Subsidiary Borrower”) and Darling Ingredients Germany Holding GmbH, a limited liability company (Gesellschaft mit beschränkter Haftung) organized under the laws of the
Federal Republic of Germany, with business address at Engter Str. 101, 49191 Belm, Germany and registered with the commercial register (Handelsregister) at the local court (Amtsgericht) of Osnabrück, Germany under registration
number HRB 208356 (the “German Subsidiary Borrower” and, together with the Belgian Subsidiary Borrower, the “New Borrowers”) hereby agrees to be bound by all the terms, provisions and conditions of the relevant Loan
Documents applicable to the Subsidiary Borrowers that are Foreign Borrowers with the same force and effect as if each New Borrower were such a Subsidiary Borrower and a Foreign Borrower under the Credit Agreement on the Effective Date, and all
references in the Loan Documents to the Subsidiary Borrowers that are Foreign Borrowers shall hereafter include each New Borrower. 

  
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 (b) Upon the effectiveness of this Amendment, each New Borrower will be a Foreign Borrower
and a Subsidiary Borrower under the USD/Multicurrency Revolving Facility for all purposes of the Amended Credit Agreement and the other relevant Loan Documents and any relevant instrument, certificate, or other document delivered in connection with
the Loan Documents, and it may exercise every right and power of a Foreign Borrower and a Subsidiary Borrower in respect of the USD/Multicurrency Revolving Facility under the Amended Credit Agreement and the other relevant Loan Documents with the
same force and effect as if it were a Foreign Borrower and a Subsidiary Borrower in respect of the USD/Multicurrency Revolving Facility thereunder on the Effective Date. 

ARTICLE 5. 
 Representations and
Warranties 
 Section 5.1. Representations and Warranties. The Borrowers represent and warrant that: 

(a) at the time of and immediately after giving effect to this Amendment and any extension of credit to be made on the Seventh
Amendment Date, the representations and warranties of each Loan Party set forth in the Loan Documents are true and correct in all material respects with the same force and effect as if such representations and warranties had been made on and as of
such date except to the extent that such representations and warranties relate specifically to another date; 
 (b) at the
time of and immediately after giving effect to this Amendment and any extension of credit to be made on the Seventh Amendment Date, no Default has occurred and is continuing; 

(c) the execution, delivery and performance of this Amendment and the transactions contemplated hereby are within each
Borrower’s organizational power and have been duly authorized by all necessary corporate or other organizational action. This Amendment has been duly executed and delivered by each Borrower and constitutes a legal, valid and binding obligation
of such Borrower (as the case may be), enforceable in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium, capital impairment, recognition of judgments, recognition of choice of law, enforcement of
judgments or other laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law; 

(d) the execution, delivery and performance of this Amendment: (i) does not require any consent or approval of,
registration or filing with, or any other action by, any Governmental Authority, except (A) such as have been obtained or made and are in full force and effect and (B) for immaterial consents, approvals, registrations, filing or other
actions, (ii) will not violate (A) any applicable law or regulation or (B) in any material respect, the charter, by-laws or other organizational documents of the Parent Borrower or any of its
Restricted Subsidiaries or any order of any Governmental Authority binding on such Person, (iii) will not violate or result in a default under any material indenture, agreement or other instrument binding upon the Parent Borrower or any of its
Restricted Subsidiaries or its assets, or give rise to a right thereunder to require any payment to be made by the Parent Borrower or any of its Restricted Subsidiaries, and (iv) will not result in the creation or imposition of any Lien on any
asset of the Parent Borrower or any of its Restricted Subsidiaries, except Liens created under and Liens permitted by the Loan Documents, except to the extent such violation or default referred to in clause (ii)(A) or
(iii) above would not reasonably be expected to result in a Material Adverse Effect. 

  
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 ARTICLE 6. 

Conditions 

Section 6.1. Conditions. This Amendment shall become effective as of the first date (the “Seventh Amendment
Date”) when each of the following conditions shall have been satisfied: 
 (a) the Administrative Agent (or its
counsel) shall have received from each party hereto (including the Required Lenders, each Term A Lender and each Revolving Lender continuing as such after the Seventh Amendment Date) either (i) a counterpart of this Amendment signed on behalf
of such party or (ii) written evidence reasonably satisfactory to the Administrative Agent (which may include telecopy, portable document format (.pdf) or email transmission of a signed signature page of this Amendment) that such party has
signed a counterpart of this Amendment; 
 (b) no Default or Event of Default shall have occurred and be continuing or shall
result from any extension of credit requested to be made on the Seventh Amendment Date; 
 (c) the Administrative Agent shall
have received a certificate, dated the Seventh Amendment Date and signed by a Responsible Officer of the Parent Borrower, confirming compliance with the conditions set forth in clause (b) of this Section 6.1 and that
each of the representations and warranties made by any Loan Party contained in Section 5.1 above shall be true and correct in all material respects on and as of the Seventh Amendment Date after giving effect to the
Amendment and to any extension of credit requested to be made on the Seventh Amendment Date (if any) with the same effect as though such representations and warranties had been made on and as of such date except to the extent that such
representations and warranties relate specifically to another date; 
 (d) the Administrative Agent shall have received, for
the benefit of each Revolving Lender that is a party hereto on the Seventh Amendment Date, the fees separately agreed in writing between the Parent Borrower and the Administrative Agent; 

(e) to the extent invoiced at least one (1) Business Day prior to the Seventh Amendment Date, the Administrative Agent
shall have received all fees and other amounts due and payable to it or its Affiliates on or prior to the Seventh Amendment Date, including, to the extent invoiced, reimbursement or payment of all of such Persons’ reasonable out-of-pocket expenses (including reasonable fees, charges and disbursements of counsel) required to be reimbursed or paid by any Loan Party hereunder or under any other Loan
Document; 
 (f) the Administrative Agent shall have received a written opinion or opinions (addressed to the Administrative
Agent and the Lenders and dated the Seventh Amendment Date) of counsel for the Loan Parties or the Administrative Agent, as applicable, covering such matters relating to the Loan Parties and the Loan Documents as of the Seventh Amendment Date as are
customary for financings of this type; provided that the items on Annex V hereto may instead be provided after the Seventh Amendment Date pursuant to the timing set forth on such Annex (or such later date as the Administrative Agent shall
reasonably agree). The Parent Borrower hereby requests such counsel to deliver such opinions; 
 (g) the Administrative Agent
shall have received such documents and certificates as the Administrative Agent or its counsel may reasonably request relating to the organization, existence and good standing of each Loan Party, the authorization of the Transactions to be
consummated in connection with the execution and delivery hereof and any other legal matters relating to the Loan Parties, the Loan Documents or such Transactions as are customary for financings of this type, all in form and substance reasonably
satisfactory to the Administrative Agent and its counsel; 

  
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 (h) (i) the Administrative Agent shall have received, prior to the Seventh
Amendment Date, all documentation and other information required by regulatory authorities under applicable “know your customer” and anti-money laundering rules and regulations, including the PATRIOT Act, with respect to the Loan Parties
as of the Seventh Amendment Date that has been reasonably requested by the Administrative Agent at least 10 days prior to the Seventh Amendment Date and (ii) to the extent the Parent Borrower qualifies as a “legal entity customer”
under the Beneficial Ownership Regulation, prior to the Seventh Amendment Date, any Lender that has requested, in a written notice to the Borrower at least 10 days prior to the Seventh Amendment Date, a Beneficial Ownership Certification in relation
to the Parent Borrower shall have received such Beneficial Ownership Certification (provided that, upon the execution and delivery by such Lender of its signature page to this Amendment, the condition set forth in this clause (ii) shall
be deemed to be satisfied); 
 (k) all actions necessary to establish that the Administrative Agent will have a perfected
first priority security interest in the Collateral (subject to Liens permitted under the Amended Credit Agreement); provided that the items on Annex V hereto may instead be provided after the Seventh Amendment Date pursuant to the timing set
forth on such Annex (or such later date as the Administrative Agent shall reasonably agree); 
 (l) the Administrative Agent
shall have received, for the account of the Revolving Lenders, immediately prior to the Amendment, all accrued interest and fees on the Revolving Commitments and Revolving Loans outstanding as of the Seventh Amendment date, and if applicable, the
Revolving Lenders shall have received any payments of principal on the Revolving Loans from the other applicable Revolving Lenders to affect the provisions of Article 2(b) hereto; and 

(n) the Administrative Agent shall have received evidence that the Parent Borrower has made a minimum equity investment of
$1,000 in CoBank, ACB. 
 ARTICLE 7. 

Miscellaneous 

Section 7.1. Confirmation of Guarantees and Security Interests. By signing this Amendment, each Loan Party party hereto hereby
confirms that (a) the obligations of such Loan Party under the Amended Credit Agreement and the other Loan Documents (i) are entitled to the benefits of the guarantees and the security interests set forth or created in the relevant
Guaranty Agreements, the relevant Security Documents delivered prior to the date hereof and the other relevant Loan Documents, and (ii) constitute Obligations (and Foreign Obligations, in the case of a Foreign Subsidiary Loan Party) for
purposes of the Amended Credit Agreement, the relevant Guaranty Agreements and all relevant Security Documents delivered prior to the date hereof and (b) notwithstanding the effectiveness of the terms hereof, the relevant Guaranty Agreements,
the relevant Security Documents delivered prior to the date hereof and the other relevant Loan Documents are, and shall continue to be, in full force and effect and are hereby ratified and confirmed in all respects. Each (a) Loan Party party
hereto hereby ratifies and confirms that all Liens granted, conveyed, or assigned to the Administrative Agent by such Person pursuant to each relevant Loan Document delivered prior to the date hereof to which it is a party remain in full force and
effect, are not released or reduced, and continue to secure full payment and performance of the Obligations (or Foreign Obligations, in the case of a Foreign Subsidiary Loan Party), as may be extended, increased or otherwise modified hereby,
(b) each Domestic Loan Party as collateral security for the Obligations (as defined in the U.S. Security Agreement), pledges to the Agent (as defined in the U.S. Security Agreement), and grants a continuing security interest


  
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in, and acknowledges and agrees that the Agent has and shall continue to have until the Date of Full Satisfaction a continuing pledge of and security interest in, all right, title, and interest
of such Loan Party, whether now owned or hereafter arising or acquired and wherever located, in and to all of the Collateral (as defined in the U.S. Security Agreement) and (c) each of Darling International NL Holdings B.V., Darling
International Netherlands B.V. and Darling Ingredients Nederland Holding B.V. hereby affirms and confirms that with respect to the Security Documents governed by the law of the Netherlands (i) it was its intention at the time of entering into
such Security Documents (and it is still its intention and agreement with the Administrative Agent) that the security rights created pursuant to such Security Document secure the Foreign Obligations as amended, restated, amended and restated and/or
supplemented from time to time including by way of this Amendment and (ii) that any amount owed by the Foreign Subsidiary Loan Parties under the Credit Agreement as amended by and in accordance with this Amendment are part of the definition of
“Secured Obligations” (as defined in such Security Documents governed by the law of the Netherlands). It is the intention of each Loan Party party hereto and the Administrative Agent, and each Loan Party party hereto and the Administrative
Agent acknowledge and agree, that this Amendment to the Credit Agreement and any modifications or amendments to the other Loan Documents contemplated hereby shall not constitute a novation of any rights or obligations of any party under the Credit
Agreement and/or the other Loan Documents for the purpose of any applicable law. 
 Section 7.2. Termination of Suspension of Rights
Agreement. Reference is made to that certain Suspension of Rights Agreement, dated as of September 30, 2021, among the Administrative Agent and the Borrowers (as defined in the Credit Agreement) (the “Suspension
Agreement”). The Administrative Agent and Lenders party hereto acknowledge and agree that, pursuant to Section 4 of the Suspension Agreement, the Credit Agreement has been appropriately amended pursuant to this Amendment to address the
2021 LIBOR Cessation (as defined in the Suspension Agreement) and to replace LIBOR with an alternative benchmark with respect to Non-USD Currency Loans (as defined in the Suspension Agreement) and/or Euro
Swingline Rate Loans. The Suspension Agreement is hereby terminated as of the Seventh Amendment Date. For the avoidance of the doubt, this Section 7.2 shall constitute notice from each of the Borrowers to the Administrative Agent in accordance
with Section 4 of the Suspension Agreement. 
 Section 7.3. Ratifications. The terms and provisions set forth in this
Amendment shall modify and supersede all inconsistent terms and provisions set forth in the Credit Agreement and except as expressly modified and superseded by this Amendment, the terms and provisions of the Credit Agreement and the other relevant
Loan Documents delivered prior to the date hereof are ratified and confirmed and shall continue in full force and effect. The Parent Borrower, each other Loan Party party hereto, the Lenders party hereto and the Administrative Agent agree that the
Amended Credit Agreement and the other relevant Loan Documents delivered prior to the date hereof shall continue to be legal, valid, binding and enforceable in accordance with their respective terms, subject to applicable bankruptcy, insolvency,
reorganization, moratorium, capital impairment, recognition of judgments, recognition of choice of law, enforcement of judgments or other laws affecting creditors rights generally and subject to general principles of equity, regardless of whether
considered in a proceeding in law or equity. For all matters arising prior to the effective date of this Amendment, the terms of the Credit Agreement (as unmodified by this Amendment) shall control and are hereby ratified and confirmed. 

Section 7.4. Reference to Credit Agreement. Each of the Loan Documents, including the Amended Credit Agreement and any and all
other agreements, documents, or instruments now or hereafter executed and delivered pursuant to the terms hereof or pursuant to the terms of the Amended Credit Agreement, are hereby amended so that any reference in such Loan Documents to the Credit
Agreement shall mean a reference to the Amended Credit Agreement. This Amendment is a “Loan Document” as defined in the Credit Agreement. 

  
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 Section 7.5. Severability. Any provision of this Amendment held to be invalid,
illegal or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such invalidity, illegality or unenforceability without affecting the validity, legality and enforceability of the remaining provisions
hereof; and the invalidity of a particular provision in a particular jurisdiction shall not invalidate such provision in any other jurisdiction. 

Section 7.6. Applicable Law. This Amendment shall be construed in accordance with and governed by the law of the State of New
York. 
 Section 7.7. Successors and Assigns. This Amendment is binding upon and shall inure to the benefit of the Lenders, the
Administrative Agent and each Borrower and their respective successors and assigns, except the Borrowers may not assign or transfer any of their rights or obligations hereunder except in compliance with the Amended Credit Agreement. 

Section 7.8. Counterparts. This Amendment may be executed in counterparts (and by different parties hereto on different
counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. THIS AMENDMENT EMBODIES THE FINAL, ENTIRE AGREEMENT AMONG THE PARTIES RELATING TO THE SUBJECT MATTER HEREOF AND
SUPERSEDES ANY AND ALL PREVIOUS COMMITMENTS, AGREEMENTS, REPRESENTATIONS AND UNDERSTANDINGS, WHETHER ORAL OR WRITTEN, RELATING TO THE SUBJECT MATTER HEREOF AND MAY NOT BE CONTRADICTED OR VARIED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT
ORAL AGREEMENTS OR DISCUSSIONS OF THE PARTIES HERETO. THERE ARE NO UNWRITTEN ORAL AGREEMENTS AMONG THE PARTIES HERETO. This Amendment shall become effective when it shall have been executed by the Administrative Agent and when the Administrative
Agent shall have received counterparts hereof which, when taken together, bear the signatures of the Borrowers, the Required Lenders and each Revolving Lender continuing as such after giving effect to the Seventh Amendment Date. For the avoidance of
doubt, this Amendment shall be subject to Section 10.06(b) of the Amended Credit Agreement. 
 Section 7.9. Effect of
Waiver. No failure or delay by the Administrative Agent, the Issuing Bank or any Lender in exercising any right or power under any Loan Document shall operate as a waiver thereof, nor shall any single or partial exercise of any such right or
power, or any abandonment or discontinuance of steps to enforce such a right or power, preclude any other or further exercise thereof or the exercise of any other right or power. 

Section 7.10. Headings. Article and Section headings used herein are for convenience of reference only, are not part of this
Amendment and shall not affect the construction of, or be taken into consideration in interpreting, this Amendment. 
 [Signature Pages to
Follow] 

  
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 Executed as of the date first written above. 

 

			
	BORROWERS:
	
	DARLING INGREDIENTS INC.
		
	By:	 	/s/ Martijn van Steenpaal
	Name:	 	Martijn van Steenpaal
	Title:	 	Vice President and Treasurer
	
	DARLING INTERNATIONAL CANADA INC.
		
	By:	 	/s/ Martijn van Steenpaal
	Name:	 	Martijn van Steenpaal
	Title:	 	Vice President and Treasurer
	
	DARLING INTERNATIONAL NL HOLDINGS B.V.
		
	By:	 	/s/ Martijn van Steenpaal
	Name:	 	Martijn van Steenpaal
	Title:	 	Authorized Signatory
	
	DARLING INGREDIENTS INTERNATIONAL HOLDING B.V.
		
	By:	 	/s/ Martijn van Steenpaal
	Name:	 	Martijn van Steenpaal
	Title:	 	Authorized Signatory



  
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	DARLING INGREDIENTS BELGIUM HOLDING BV
		
	By:	 	/s/ Martijn van Steenpaal
	Name:	 	Martijn van Steenpaal
	Title:	 	Special Proxyholder
	
	DARLING INGREDIENTS GERMANY HOLDING GMBH
		
	By:	 	/s/ Martijn van Steenpaal
	Name:	 	Martijn van Steenpaal
	Title:	 	Authorized Representative



  
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	OTHER SUBSIDIARY LOAN PARTIES:
	
	DARLING INTERNATIONAL NETHERLANDS B.V.
		
	By:	 	/s/ Martijn van Steenpaal
	Name:	 	Martijn van Steenpaal
	Title:	 	Authorized Signatory
	
	DARLING INGREDIENTS NEDERLAND HOLDING B.V.
		
	By:	 	/s/ Martijn van Steenpaal
	Name:	 	Martijn van Steenpaal
	Title:	 	Authorized Signatory
	
	CRAIG PROTEIN DIVISION, INC.
		
	By:	 	/s/ Martijn van Steenpaal
	Name:	 	Martijn van Steenpaal
	Title:	 	Vice President and Treasurer
	
	DARLING GLOBAL HOLDINGS INC.
		
	By:	 	/s/ Martijn van Steenpaal
	Name:	 	Martijn van Steenpaal
	Title:	 	Vice President and Treasurer
	
	DARLING NATIONAL LLC
		
	By:	 	/s/ Martijn van Steenpaal
	Name:	 	Martijn van Steenpaal
	Title:	 	Vice President and Treasurer



  
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	GRIFFIN INDUSTRIES LLC
		
	By:	 	/s/ Martijn van Steenpaal
	Name:	 	Martijn van Steenpaal
	Title:	 	Vice President and Treasurer
	
	ROUSSELOT INC.
		
	By:	 	/s/ Martijn van Steenpaal
	Name:	 	Martijn van Steenpaal
	Title:	 	Vice President and Treasurer
	
	ROUSSELOT PEABODY INC.
		
	By:	 	/s/ Martijn van Steenpaal
	Name:	 	Martijn van Steenpaal
	Title:	 	Vice President and Treasurer
	
	ROUSSELOT DUBUQUE INC.
		
	By:	 	/s/ Martijn van Steenpaal
	Name:	 	Martijn van Steenpaal
	Title:	 	Vice President and Treasurer
	
	SONAC USA LLC
		
	By:	 	/s/ Martijn van Steenpaal
	Name:	 	Martijn van Steenpaal
	Title:	 	Vice President and Treasurer
	
	DARPRO STORAGE SOLUTIONS LLC
		
	By:	 	/s/ Martijn van Steenpaal
	Name:	 	Martijn van Steenpaal
	Title:	 	Vice President and Treasurer



  
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	JPMORGAN CHASE BANK, N.A., as Administrative Agent and as a Lender
		
	By:	 	/s/ Alexander Vardaman
	Name:	 	Alexander Vardaman
	 Title:
	 	 Authorized Officer




  
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	 BANK OF AMERICA, N.A.,
 as a
Revolving Lender

		
	By:	 	/s/ Allison W. Connally
	Name:	 	Allison W. Connally
	 Title:
	 	 Senior Vice President




  
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	BANK OF AMERICA, N.A., acting through its Canada branch, as a Revolving Lender
		
	By:	 	/s/ Sylwia Durkiewicz
		 	Name: Sylwia Durkiewicz
		 	 Title: Vice President




  
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	 Bank of Montreal, Chicago Branch,

as a Revolving Lender

		
	By:	 	/s/ Andrew Berryman
		 	Name: Andrew Berryman
		 	Title: Director



  
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	 Bank of Montreal, London Branch,

as a Revolving Lender

		
	By:	 	/s/ Richard Pittam
		 	Name: Richard Pittam
		 	Title: Managing Director
	
	If a second signature is necessary:
		
	By:	 	/s/ Scott Matthews
		 	Name: Scott Matthews
		 	Title: Managing Director



  
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	 Bank of Montreal,
 as a Revolving
Lender

		
	By:	 	/s/ Sean P. Gallaway
		 	Name: Sean P. Gallaway
		 	Title: Director



  
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	 Bank of the West,
 as a Revolving
Lender

		
	By:	 	/s/ R. Blake Beavers
		 	Name: R. Blake Beavers
		 	Title: Director



  
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	 CITIBANK, N.A.,
 as a Revolving
Lender

		
	By:	 	/s/ Brad Peters
		 	Name: Brad Peters
		 	Title: Director



  
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	 PNC Bank, National Association,

as a Revolving Lender

		
	By:	 	/s/ Raj Nambiar
		 	Name: Raj Nambiar
		 	Title: Sr. Vice President



  
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	PNC BANK CANADA BRANCH,
as a Revolving Lender
		
	By:	 	/s/ Caroline M. Stade
		 	Name: Caroline M. Stade
		 	Title:   Senior Vice President



  
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	Comerica Bank,
as a Revolving Lender
		
	By:	 	/s/ Scott Dold
		 	Name: Scott Dold
		 	Title:   Vice President



  
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	Coöperatieve Rabobank U.A., New York Branch
		
	By:	 	/s/ Shane Bownds
		 	Name: Shane Bownds
		 	Title:   Managing Director


 
			
		
	By:	 	/s/ Hunter Odom
		 	Name: Hunter Odom
		 	Title:   Vice President



  
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	TD Bank, N.A.,
as a Revolving Lender
		
	By:	 	/s/ Bernadette Collins
		 	Name: Bernadette Collins
		 	Title:   Senior Vice President



  
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	Truist Bank,
as a Revolving Lender
		
	By:	 	/s/ Alysa Trakas
		 	Name: Alysa Trakas
		 	Title:   Director



  
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	HSBC BANK USA, N.A.,
as a Revolving Lender
		
	By:	 	/s/ Jay Fort
		 	Name: Jay Fort
		 	Title: Senior Vice President



  
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	GOLDMAN SACHS LENDING PARTNERS LLC, as a Revolving Lender
		
	By:	 	/s/ Rebecca Kratz
		 	Name: Rebecca Kratz
		 	Title: Authorized Signatory



  
 [Signature Page to
Seventh Amendment of Darling Credit Agreement] 












 
			
	Commerce Bank,
as a Revolving Lender
		
	By:	 	/s/ J. Anderson
		 	Name: J. Anderson
		 	Title: Senior Vice President



  
 [Signature Page to
Seventh Amendment of Darling Credit Agreement] 












 
			
	CoBank, ACB,
as a Revolving Lender and Term A Lender
		
	By:	 	/s/ Dan Terrill
		 	Name: Dan Terrill
		 	Title: Vice President



  
 [Signature Page to
Seventh Amendment of Darling Credit Agreement] 












 Execution
Version 
 ANNEX I 

MARKED VERSION REFLECTING CHANGES 

PURSUANT TO THE SIXTHSEVENTH AMENDMENT TO THE 

SECOND AMENDED AND RESTATED CREDIT AGREEMENT 

ADDED TEXT SHOWN
UNDERSCORED 

DELETED TEXT SHOWN STRIKETHROUGH 
 SECOND AMENDED AND RESTATED CREDIT
AGREEMENT1 
 dated as of January 6, 2014 

among 
  

					
	The Other Borrowers Party Hereto	  	



	  	From Time to Time

 The Lenders Party Hereto 

and 
 JPMORGAN CHASE BANK, N.A.,

 as Administrative Agent, 

GOLDMAN SACHS BANK USA, 
 BANK OF
MONTREAL, 
 acting under its trade name BMO CAPITAL MARKETS, 

BBVA COMPASS BANK, 
 COOPERATIEVE
CENTRAL RAIFFEISEN-BOERENLEENBANK B.A., “RABOBANK 
 NEDERLAND” NEW YORK BRANCH and 

CITIBANK, N.A., 
 as Syndication
Agents, 
 COBANK, ACB, 

COMERICA BANK, 
 BANK OF AMERICA,
N.A., 
 THE ROYAL BANK OF SCOTLAND PLC, 

 

	1 	 In respect of the
SixthSeventh Amendment to the Second Amended and Restated Credit Agreement,
(i) (A) the Joint Lead Arrangers and Joint Bookrunners in respect of the
Revolving Facility are JPMORGAN CHASE BANK, N.A., BOFA SECURITIES INC., BANK OF MONTREAL, acting under its trade name BMO CAPITAL MARKETS, BANK OF THE WEST, CITIBANK, N.A. and PNC CAPITAL MARKETS LLC,
(iiB) the Syndication Agents
in respect of the Revolving Facility are BANK OF AMERICA, N.A.,
BANK OF MONTREAL, acting under its trade name BMO CAPITAL MARKETS, BANK OF THE WEST, CITIBANK, N.A. and PNC BANK, NATIONAL ASSOCIATION and
(iiiC) the Documentation Agents are COBANK, ACB, BBVA USA,in respect of the Revolving Facility are COMERICA BANK, HSBC BANK USA, N.A., COÖPERATIEVE RABOBANK U.A., NEW YORK BRANCH, TD BANK, N.A. and TRUIST BANK and (ii) (A) the Joint Lead Arrangers in respect of the Term A Facility are
COBANK, ACB and JPMORGAN CHASE BANK, N.A. and (B) the Sole Bookrunner in respect of the Term A Facility is COBANK, ACB. 













 HSBC BANK USA, N.A., 

TD BANK, N.A., 
 FIFTH THIRD BANK
and 
 REGIONS BANK, 
 as
Documentation Agents, 
  

J.P. MORGAN SECURITIES LLC 
 and

 BANK OF MONTREAL, 
 acting
under its trade name BMO CAPITAL MARKETS, 
 as Joint Bookrunners and Co-Lead Arrangers in respect of
the Term A Facility and Revolving Facility, 

J.P. MORGAN SECURITIES LLC, 

GOLDMAN SACHS BANK USA and 
 BANK OF
MONTREAL, 
 acting under its trade name BMO CAPITAL MARKETS, 

as Joint Bookrunners and Co-Lead Arrangers in respect of the Term B Facility 











 Table of Contents 

 
  

							
	 	  	 	  	Page	 
	 ARTICLE I DEFINITIONS
	  	 	1	 
			
	 Section 1.01
	  	Defined Terms	  	 	1	 
	 Section 1.02
	  	Classification of Loans and Borrowings	  	 	5368	 
	 Section 1.03
	  	Terms Generally	  	 	5369	 
	 Section 1.04
	  	Accounting Terms; GAAP	  	 	5469	 
	 Section 1.05
	  	Business Days; Payments	  	 	5470	 
	 Section 1.06
	  	Exchange Rates; Currency Equivalents	  	 	5570	 
	 Section 1.07
	  	Cashless Rollovers	  	 	5773	 
	 Section 1.08
	  	Dutch/German Terms	  	 	5773	 
	 Section 1.09
	  	Agreed Security Principles	  	 	5875	 
	 Section 1.10
	  	Certain Calculations and Tests	  	 	5875	 
	 Section 1.11
	  	Divisions	  	 	6078	 
	 Section 1.12
	  	Interest Rates; LIBORBenchmark Notification	  	 	6079	 
		
	 ARTICLE II THE CREDITS
	  	 	6180	 
			
	 Section 2.01
	  	Commitments	  	 	6180	 
	 Section 2.02
	  	Loans and Borrowings	  	 	6180	 
	 Section 2.03
	  	Requests for Borrowings	  	 	6282	 
	 Section 2.04
	  	Swingline Loans	  	 	6382	 
	 Section 2.05
	  	Letters of Credit	  	 	6584	 
	 Section 2.06
	  	Funding of Borrowings	  	 	7090	 
	 Section 2.07
	  	Interest Elections	  	 	7091	 
	 Section 2.08
	  	Termination and Reduction of Commitments	  	 	7292	 
	 Section 2.09
	  	Repayment of Loans; Evidence of Debt	  	 	7293	 
	 Section 2.10
	  	Amortization of Term Loans	  	 	7394	 
	 Section 2.11
	  	Prepayment of Loans	  	 	7495	 
	 Section 2.12
	  	Fees	  	 	7799	 
	 Section 2.13
	  	Interest	  	 	79101	 
	 Section 2.14
	  	Alternate Rate of Interest	  	 	80103	 
	 Section 2.15
	  	Increased Costs	  	 	82109	 
	 Section 2.16
	  	Break Funding Payments	  	 	84110	 
	 Section 2.17
	  	Taxes	  	 	84111	 
	 Section 2.18
	  	Payments Generally; Pro Rata Treatment; Sharing of Set-Offs; Proceeds of Collateral	  	 	87114	 
	 Section 2.19
	  	Mitigation Obligations; Replacement of Lenders	  	 	90117	 
	 Section 2.20
	  	Incremental Facilities	  	 	91118	 
	 Section 2.21
	  	Defaulting Lenders	  	 	94121	 
	 Section 2.22
	  	Specified Refinancing Debt	  	 	96124	 
	 Section 2.23
	  	Ancillary Facilities	  	 	98126	 
		
	 ARTICLE III REPRESENTATIONS AND WARRANTIES
	  	 	102130	 
			
	 Section 3.01
	  	Organization; Powers	  	 	102130	 
	 Section 3.02
	  	Authorization; Enforceability	  	 	102131	 













							
	 Section 3.03
	  	Governmental Approvals; No Conflicts	  	 	103131	 
	 Section 3.04
	  	Financial Condition; No Material Adverse Change	  	 	103131	 
	 Section 3.05
	  	Properties	  	 	103132	 
	 Section 3.06
	  	Litigation and Environmental Matters	  	 	103132	 
	 Section 3.07
	  	Compliance with Laws	  	 	104132	 
	 Section 3.08
	  	Investment Company Act Status	  	 	104132	 
	 Section 3.09
	  	Taxes	  	 	104132	 
	 Section 3.10
	  	ERISA; Canadian Benefit Plans	  	 	104133	 
	 Section 3.11
	  	Disclosure	  	 	105133	 
	 Section 3.12
	  	Subsidiaries	  	 	105134	 
	 Section 3.13
	  	Labor Matters	  	 	105134	 
	 Section 3.14
	  	Solvency	  	 	106134	 
	 Section 3.15
	  	Margin Securities	  	 	106135	 
	 Section 3.16
	  	Security Documents	  	 	106135	 
	 Section 3.17
	  	Use of Proceeds	  	 	106135	 
	 Section 3.18
	  	Patriot Act; OFAC; FCPA107Sanctions; Anti-Corruption Laws	  	 	135	 
		
	 ARTICLE IV CONDITIONS
	  	 	107136	 
			
	 Section 4.01
	  	Effective Date	  	 	107136	 
	 Section 4.02
	  	[Reserved]	  	 	109138	 
	 Section 4.03
	  	[Reserved]	  	 	109138	 
	 Section 4.04
	  	Each Credit Event	  	 	109138	 
		
	 ARTICLE V AFFIRMATIVE COVENANTS
	  	 	110139	 
			
	 Section 5.01
	  	Financial Statements and Other Information	  	 	110139	 
	 Section 5.02
	  	Notices of Material Events	  	 	111141	 
	 Section 5.03
	  	Existence; Conduct of Business	  	 	112142	 
	 Section 5.04
	  	Payment of Taxes	  	 	113142	 
	 Section 5.05
	  	Maintenance of Properties	  	 	113142	 
	 Section 5.06
	  	Insurance	  	 	113142	 
	 Section 5.07
	  	Books and Records; Inspection	  	 	113143	 
	 Section 5.08
	  	Compliance with Laws	  	 	114143	 
	 Section 5.09
	  	[Reserved]	  	 	114143	 
	 Section 5.10
	  	Collateral Matters; Guaranty Agreement	  	 	114144	 
	 Section 5.11
	  	Collateral Suspension Period.	  	 	116146	 
	 Section 5.12
	  	Maintenance of Ratings	  	 	117147	 
	 Section 5.13
	  	Canadian Benefit Plans	  	 	117147	 
	
Section 5.14
	  	CoBank Equity and Security.	  	 	147	 
		
	 ARTICLE VI NEGATIVE COVENANTS
	  	 	117148	 
			
	 Section 6.01
	  	Indebtedness	  	 	117148	 
	 Section 6.02
	  	Liens	  	 	122153	 
	 Section 6.03
	  	Fundamental Changes	  	 	127159	 
	 Section 6.04
	  	Investments, Loans, Advances, Guarantees and Acquisitions	  	 	128160	 


  
 TABLE OF CONTENTS, Page ii of v 













							
	 Section 6.05
	 	Dispositions	  	 	133165	 
	 Section 6.06
	 	[Reserved]	  	 	136169	 
	 Section 6.07
	 	[Reserved]	  	 	136169	 
	 Section 6.08
	 	Restricted Payments; Certain Payments of Indebtedness	  	 	136169	 
	 Section 6.09
	 	Transactions with Affiliates	  	 	139172	 
	 Section 6.10
	 	[Reserved]	  	 	140174	 
	 Section 6.11
	 	Amendment of Material Debt Documents	  	 	140174	 
		
	 ARTICLE VII FINANCIAL COVENANTS
	  	 	141174	 
			
	 Section 7.01
	 	Interest Coverage Ratio	  	 	141174	 
	 Section 7.02
	 	Total Leverage Ratio	  	 	141174	 
	 Section 7.03
	 	[Reserved]	  	 	141174	 
		
	 ARTICLE VIII EVENTS OF DEFAULT
	  	 	141175	 
			
	 Section 8.01
	 	Events of Default; Remedies	  	 	141175	 
	 Section 8.02
	 	Performance by the Administrative Agent	  	 	144178	 
	 Section 8.03
	 	Adjustment for Ancillary Facilities	  	 	144178	 
		
	 ARTICLE IX THE ADMINISTRATIVE AGENT
	  	 	145179	 
			
	 Section 9.01
	 	Appointment	  	 	145179	 
	 Section 9.02
	 	Rights as a Lender	  	 	145179	 
	 Section 9.03
	 	Limitation of Duties and Immunities	  	 	145179	 
	 Section 9.04
	 	Reliance on Third Parties	  	 	146180	 
	 Section 9.05
	 	Sub-Agents	  	 	146180	 
	 Section 9.06
	 	Successor Agent	  	 	146180	 
	 Section 9.07
	 	Independent Credit Decisions	  	 	146181	 
	 Section 9.08
	 	Other Agents	  	 	147181	 
	 Section 9.09
	 	Powers and Immunities of Issuing Bank	  	 	147181	 
	 Section 9.10
	 	Permitted Release of Collateral and Subsidiary Loan Parties; Intercreditor Agreements	  	 	148182	 
	 Section 9.11
	 	Perfection by Possession and Control	  	 	149184	 
	 Section 9.12
	 	Lender Affiliates Rights	  	 	149184	 
	 Section 9.13
	 	Actions in Concert	  	 	150184	 
	 Section 9.14
	 	Certain Canadian Matters	  	 	150185	 
	
Section 9.15
	 	Erroneous Payments	  	 	185	 
		
	 ARTICLE X MISCELLANEOUS
	  	 	151187	 
			
	 Section 10.01
	 	Notices	  	 	151187	 
	 Section 10.02
	 	Waivers; Amendments	  	 	152188	 
	 Section 10.03
	 	Expenses; Indemnity; Limitation of Liability; Etc.	  	 	154191	 
	 Section 10.04
	 	Successors and Assigns	  	 	156193	 
	 Section 10.05
	 	Survival	  	 	162201	 
	 Section 10.06
	 	Counterparts; Integration; Effectiveness	  	 	163201	 
	 Section 10.07
	 	Severability	  	 	164202	 
	 Section 10.08
	 	Right of Setoff	  	 	164202	 


  
 TABLE OF CONTENTS, Page iii of v 













							
	 Section 10.09
	 	Governing Law; Jurisdiction; Consent to Service of Process	  	 	164203	 
	 Section 10.10
	 	WAIVER OF JURY TRIAL	  	 	165203	 
	 Section 10.11
	 	Headings	  	 	165204	 
	 Section 10.12
	 	Confidentiality	  	 	165204	 
	 Section 10.13
	 	Maximum Interest Rate	  	 	166205	 
	 Section 10.14
	 	Limitation of Liability	  	 	168206	 
	 Section 10.15
	 	No Duty	  	 	168207	 
	 Section 10.16
	 	No Fiduciary Relationship	  	 	168207	 
	 Section 10.17
	 	Construction	  	 	169207	 
	 Section 10.18
	 	USA Patriot Act and Canadian Anti-Money Laundering Legislation	  	 	169208	 
	 Section 10.19
	 	Parallel Debt (Covenant to pay the Administrative Agent)	  	 	170209	 
	
Section 10.20
	 	Belgian Loan Documents	  	 	209	 
	
Section 
10.2010.21
	 	Additional Borrowers	  	 	170209	 
	
Section 
10.2110.22
	 	Acknowledgement and Consent to Bail-In of Affected Financial Institutions	  	 	171210	 
	
Section 
10.2210.23
	 	Certain ERISA Matters	  	 	171211	 
	
Section 10.24
	 	Net Short Lenders	  	 	212	 
	
Section 
10.2310.25
	 	Acknowledgement Regarding Any Supported QFCs	  	 	172213	 
		
	 ARTICLE XI COLLECTION ALLOCATION MECHANISM
	  	 	173214	 
			
	 Section 11.01
	 	Implementation of CAM	  	 	173214	 
	 Section 11.02
	 	Letters of Credit	  	 	173214	 


  
 TABLE OF CONTENTS, Page iv of v 












 LIST OF EXHIBITS AND SCHEDULES 

 

					
	EXHIBITS:	  	
			
	Exhibit A	  	–	  	Form of Assignment and Assumption
	Exhibit B	  	–	  	Form of Guaranty Agreement
	Exhibit C	  	–	  	Form of Security Agreement
	Exhibit D	  	–	  	Form of Compliance Certificate
	Exhibit E	  	–	  	Form of Incremental Facility Activation Notice
	Exhibit F	  	–	  	Form of Solvency Certificate
	Exhibit G	  	–	  	Form of Tax Exemption Certificate

  

					
	SCHEDULES:	  	
			
	Schedule 1.01	  	–	  	Existing Letters of Credit
	Schedule 1.09	  	–	  	Agreed Security Principles
	Schedule 2.01	  	–	  	Commitments
	Schedule 3.12	  	–	  	Subsidiaries
	Schedule 3.13	  	–	  	Labor Matters
	 Schedule 5.10
 Schedule 6.01
	  	 –
 –
	  	 Post-Closing Items
 Existing
Indebtedness

	Schedule 6.02	  	–	  	Existing Liens
	Schedule 6.04	  	–	  	Investments
	Schedule 6.09	  	–	  	Certain Affiliate Transactions
	Schedule 10.04	  	–	  	Voting Participants


  
 CREDIT AGREEMENT, Page v of v 












 SECOND AMENDED AND RESTATED CREDIT AGREEMENT dated as of January 6, 2014 (this
“Agreement”) among DARLING INGREDIENTS INC., a Delaware corporation, the Canadian Borrower, the Dutch Parent Borrower, the DutchGerman
Subsidiary Borrower, the Dutch Subsidiary Borrower, the Belgian Subsidiary Borrower, the LENDERS party hereto from time to time, and JPMORGAN CHASE BANK, N.A., as Administrative Agent for the Lenders, GOLDMAN SACHS BANK and BANK OF MONTREAL, acting under its trade name BMO
CAPITAL MARKETS, as Syndication Agents (in such capacity, the “Syndication Agents”) and COBANK, ACB, COMERICA BANK, BANK OF AMERICA, N.A., THE ROYAL BANK OF SCOTLAND PLC, HSBC BANK USA, N.A., TD BANK, N.A., FIFTH THIRD BANK and
REGIONS BANK, as Documentation Agents (in such capacity, the “Documentation Agents”). 
 WHEREAS the Parent Borrower
is a party to that certain Amended and Restated Credit Agreement dated as of September 27, 2013 among the Parent Borrower, the lenders from time to time party thereto, the Administrative Agent and the other parties thereto (as amended,
restated, amended and restated, supplemented or otherwise modified immediately prior to the effectiveness hereof, the “Existing Credit Agreement”); 

WHEREAS the parties hereto agree to amend and restate the Existing Credit Agreement in its entirety as set forth herein; 

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

Definitions 

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

“ABR”, 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 Alternate Base Rate. 
 “Additional Borrowers” has the
meaning set forth in Section 10.20. 
 “Additional Lender” has the meaning set forth in
Section 2.20(b). 

“Adjusted
 Daily Simple ESTR” means, with respect to any Swingline Loan denominated in Euro, an interest rate per annum equal to (a) the Daily Simple ESTR plus (b) 0.0017%; provided that if such rate shall be less than the Floor, such rate shall be
deemed to be equal to the Floor for all purposes of this Agreement. 
 “Adjusted Daily Simple SOFR” means an interest rate per annum equal to (a) the Daily Simple SOFR, plus (b) 0.10%; provided that if the Adjusted Daily Simple SOFR as so determined would be less than the Floor, such rate shall be deemed to be equal to the Floor for the purposes of this Agreement. 












“Adjusted Daily
 Simple SONIA” means, with respect to any Borrowing denominated in Sterling, an interest rate per annum equal to (a) the Daily Simple SONIA plus (b) 0.0326%; provided that if such rate shall be less than the Floor, such rate shall be
deemed to be equal to the Floor for all purposes of this Agreement. 

“Adjusted EBITDA” means, for any period (the “Subject Period”), the total of the following calculated
without duplication for such period: (a) the EBITDA of the Parent Borrower and its Restricted Subsidiaries; plus (b) cash distributions actually received by the Parent Borrower and its Restricted Subsidiaries from joint ventures
(including any Renewable Diesel Joint Venture) and Unrestricted Subsidiaries; plus (c) on a pro forma basis calculated in the manner described in Section 1.10, the pro forma EBITDA and cash distributions of the
type set forth in the preceding clause (b) of each Prior Target to the extent such Prior Target is a Restricted Subsidiary (or, as applicable, the EBITDA of any such Prior Target attributable to the assets acquired from
such Prior Target by the Parent Borrower or any Restricted Subsidiary and cash distributions actually received by the Parent Borrower and its Restricted Subsidiaries from joint ventures and Unrestricted Subsidiaries), for any portion of such Subject
Period occurring prior to the date of the acquisition of such Prior Target (or the related assets, as the case may be); plus (d) costs, charges, accruals, reserves or expenses attributable to the undertaking and/or implementation of cost
savings, operating expense reductions, product margin synergies and product cost and other synergies and similar initiatives, integration, transition, reconstruction, decommissioning, recommissioning or reconfiguration of fixed assets for
alternative uses, facilities opening and pre-opening (including unused warehouse space costs), business optimization and other restructuring costs, charges, accruals, reserves, expenses (including those
related to tax restructurings, inventory optimization programs, software development costs, systems implementation and upgrade expenses, the closure or consolidation of facilities (including severance, rent termination costs, moving costs and legal
costs related thereto) and curtailments, costs related to entry into new markets (including unused warehouse space costs), consulting fees, signing costs, retention or completion bonuses, relocation expenses, severance payments, modifications to
pension and post-retirement employee benefit plans, new systems design and implementation costs and project startup costs); plus (e) expected cost savings, operating expense reductions, other operating improvements, product margin
synergies and product cost and other synergies (net of the amount of actual amounts realized) reasonably identifiable and factually supportable (in the good faith determination of such Person) related to (A) the Original Transactions and
(B) permitted asset sales, acquisitions, Investments, Dispositions, operating improvements, restructurings, cost saving initiatives and certain other similar initiatives and specified transactions (whether occurring before or after the SixthSeventh Amendment Date); provided that, (x) with respect to clause (e)(B), such cost savings, operating expense reductions, other operating improvements, product margin synergies and
product cost and other synergies are reasonably expected to be realized within 18 months of the event giving rise thereto and (y) the aggregate amount of any increases to Adjusted EBITDA for any Subject Period pursuant to
clauses (d) and (e) shall not exceed (1) the amount of any such cost savings, operating expense reductions, other operating improvements, product margin synergies and product cost and other synergies of the
type that would be permitted to be included in pro forma financial statements prepared in accordance with Article 11 of Regulation S-X of the Securities Act of 1933 plus (2) 10% of Adjusted EBITDA for
such applicable Subject Period; minus (f) the EBITDA of each Prior Company and, as applicable but without duplication, the EBITDA of the Parent Borrower and each Restricted Subsidiary attributable to all Prior Assets, in each case for
any portion of such Subject Period occurring prior to the date of the disposal of such Prior Companies or Prior Assets calculated in the manner described in Section 1.10. 

  
 CREDIT AGREEMENT, Page 2 













“Adjusted EURIBOR
 Rate” means, with respect to any Term Benchmark Borrowing denominated in Euros for any Interest Period, an interest rate per annum equal to (a) the EURIBOR Rate for such Interest Period multiplied by (b) the Statutory Reserve Rate;
provided that if the Adjusted EURIBOR Rate as so determined would be less than the Floor, such rate shall be deemed to be equal to the Floor for the purposes of calculating such rate. 

“Adjusted LIBO Rate” means, with respect to any Eurodollar Borrowing for any Interest Period or with respect to the
determination of the Alternate Base Rate, an interest rate per annum (rounded upwards, if necessary, to the next 1/100th of 1%) equal to (a) the LIBO Rate for such Interest Period or, with respect to the determination of the AlternativeAlternate
 Base Rate for Term B Loans, for a one month interest period multiplied by (b) the Statutory Reserve Rate. 
 “Adjusted Term SOFR Rate” means, with respect to any Term Benchmark Borrowing denominated in Dollars for any
Interest Period, an interest rate per annum equal to (a) the Term SOFR Rate for such Interest Period, plus (b) 0.10%; provided that if the Adjusted Term SOFR Rate as so determined would be less than the Floor, such rate shall be deemed to be
equal to the Floor for the purposes of this Agreement. 

“Administrative Agent” means JPMorgan Chase Bank, N.A., in its capacity as administrative agent for the Lenders hereunder,
or, in the case of Loans or Letters of Credit denominated in Canadian Dollars or Euro, JPMorgan Chase Bank, N.A., Toronto Branch or any Affiliate of JPMorgan Chase Bank, N.A. thereof designated by it, in its capacity as administrative agent for the
Lenders hereunder. 
 “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 a specified 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. 

“Affiliated Lender” has the meaning set forth in Section 10.04(e). 

“Agreed Security Principles” means those principles set forth on Schedule 1.09. 

“Agreement” has the meaning set forth in the preamble hereto. 

“Agreed Currencies” means dollars and each Alternative Currency. 

“Agreement Currency” has the meaning set forth in Section 1.06(h). 

“Alternate 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)(i) solely with respect to the Term B Loans existing as of the Seventh Amendment Date, the Adjusted LIBO Rate for a one month interest period onInterest Period, or (ii) with respect to all other Loans in dollars, the Adjusted


  
 CREDIT AGREEMENT, Page 3 












 
Term SOFR Rate for a one month Interest Period as published two
(2) U.S. Government Securities Business Days prior to such day
(or, in each case, if such day is not a Business Day, the
immediately preceding Business Day) plus 1%; provided that for the purpose of this definition,
(x) the Adjusted LIBO Rate for any day shall be based on the Screen Rate (or if the Screen Rate is not available for such one month Interest Period, the Interpolated Rate) at approximately
11:00 a.m. London time on such day and (y) the Adjusted Term SOFR Rate for any day shall be based on the
Term SOFR Reference Rate at approximately 5:00 a.m. Chicago time on such day (or any amended publication time for the Term SOFR Reference Rate, as specified by the CME Term SOFR Administrator in the Term SOFR Reference Rate methodology). Any change in the Alternate Base Rate due to a change in the Prime Rate, the NYFRB Rate or, the Adjusted LIBO Rate or the Adjusted Term SOFR Rate, as applicable, shall be effective from
and including the effective date of such change in the Prime Rate, the NYFRB Rate or the Adjusted LIBO
Rate or the Adjusted Term SOFR Rate, respectively. If the
Alternate Base Rate is being used as an alternate rate of interest pursuant to Section 2.14 (for the avoidance of doubt, only until
any amendment has become
effectivethe Benchmark Replacement has been determined pursuant to Section 2.14(bc)), then the Alternate Base Rate shall be the greater of
clauses (a) and (b) above and shall be determined without reference to clause (c) above. 

“Alternative Currencies” means Canadian Dollars, Euro, Sterling and any other currency reasonably acceptable to the
Administrative Agent and each applicable Revolving Lender that is freely convertible into Dollars and readily available in the London interbank market. 

“Alternative Currency Equivalent” means, for any amount of any Alternative Currency, at the time of determination thereof,
(a) if such amount is expressed in such Alternative Currency, such amount and (b) if such amount is expressed in dollars, the equivalent of such amount in such Alternative Currency determined by using the rate of exchange for the purchase
of such Alternative Currency with dollars 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 such Alternative Currency with dollars, as provided by such other publicly available information service which provides that rate of
exchange at such time in place of Reuters chosen by the Administrative Agent in its sole discretion (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 sole discretion). 
 “Ancillary
Commitment” means, with respect to any Ancillary Lender and Ancillary Facility, the maximum amount that such Ancillary Lender has agreed to make available from time to time prior to the Revolving Maturity Date under such Ancillary Facility
pursuant to Section 2.23 by such Ancillary Lender. With respect to any Ancillary Commitment not denominated in dollars, the amount of such Ancillary Commitment, for purposes of calculations in respect of usage, fees and
similar items under this Agreement, shall be the Dollar Equivalent thereof and the Administrative Agent may, on any Revaluation Date, re-determine the amount of the Ancillary Commitment and provide notice
thereof as set forth in Section 1.06(e). 
 “Ancillary Facility” means (a) any overdraft,
automated payment, check drawing and/or other current account facility, (b) any short term loan facility, (c) any foreign exchange facility, (d) any letter of credit, suretyship, guarantee and/or bonding facility or any other
instrument to provide a contingent liability and/or (e) any other facility or financial accommodation (other than a Swap Agreement (except as set forth in clause (c) above)) that may be required in connection with the
business of the Parent Borrower and/or any of its Subsidiaries, in each case made available in accordance with Section 2.23. 

  
 CREDIT AGREEMENT, Page 4 












 “Ancillary Facility Adjustment Date” has the meaning set forth in
Section 8.03. 
 “Ancillary Facility Document” means, with respect to any Ancillary Facility,
each document or instrument between any Borrower and the applicable Ancillary Lender thereunder governing such Ancillary Facility. 

“Ancillary Facility Exposure” shall mean, at any time, with respect to any Ancillary Lender and any Ancillary Facility then
in effect, the Dollar Equivalent of the sum of the following amounts outstanding under such Ancillary Facility: 
 (a) the
principal amount under each overdraft facility and on-demand short term loan facility (net of any credit balance on any account of any Borrower under any Ancillary Facility with the relevant Ancillary Lender
to the extent that such credit balance is freely available to be set-off by such Ancillary Lender against liabilities owing by such Borrower under such Ancillary Facility); 

(b) the face amount of each guarantee, bond, letter of credit or similar instrument under such Ancillary Facility; and 

(c) the amount fairly representing the aggregate exposure (excluding interest and similar charges) of such Ancillary Lender
under each other type of accommodation provided under such Ancillary Facility, 
 in each case as determined by such Ancillary Lender, acting reasonably in
accordance with its normal banking practice and in accordance with the relevant Ancillary Facility Document. 
 “Ancillary
Lender” shall mean, with respect to any Ancillary Facility, the Revolving Lender (or an Affiliate of such Revolving Lender) that has made such Ancillary Facility available under Section 2.23. 

“Anti-Corruption
 Laws” means all laws, rules, and regulations of any jurisdiction applicable to the Parent Borrower or any of its Subsidiaries from time to time concerning or relating to bribery or
corruption. 
 “Applicable Fiscal Year” has the meaning set forth in
Section 2.11(d). 
 “Applicable Percentage” means, with respect to any Revolving Lender,
subject to Section 2.21, the percentage of the total Revolving Commitments represented by such Lender’s Revolving Commitment. If the Revolving Commitments have terminated or expired, the Applicable Percentages shall be
determined based upon the Revolving Commitments most recently in effect, giving effect to any assignments. 

  
 CREDIT AGREEMENT, Page 5 












 “Applicable Rate” means, for any day and with respect to any: 

(a) Term B Loan, 2.00% in the case of Term B Loans that are Eurodollar Loans and 1.00% in the case of Term B Loans that are ABR Loans; 

and 
 (b) Term A Loan or Revolving Loan and with respect to any letter of credit
fee or any commitment fee payable hereunder, as the case may be, the applicable rate per annum set forth below under the caption
“Term Benchmark Term A Loan Spread”, “ABR
Spread/Canadian Prime Rate Spread/Euro Swingline Rate Spread”, “Eurodollar Spread/CDOR/Sterling Swingline Rate Spread”, “Term Benchmark Revolving Spread/SONIA Spread”,
“Commitment Fee Rate” or “Letter of Credit Fee”, as the case may be, based upon the Total Leverage Ratio as of the most recent determination date: 
  

													
	 Category
	  	 Total
Leverage Ratio
	  	Term
Benchmark
Term A
Loan
Spread	  	EurodollarTerm
Benchmark
Revolving

Spread/CDOR
SONIA Spread	  	 ABR Spread/
Canadian
Prime Rate
Spread /Euro
Swingline
Rate
Spread/Sterling
Swingline Rate
Spread
	  	Commitment
Fee Rate
(Revolving
and Term A
Commitment)	  	Letter of
Credit Fee
	1	  	 Greater than or

equal
to
5.004.75:1.00
	  	2.125%	  	2.502.00%	  	1.501.00%	  	0.450.30%	  	2.502.00%
							
	2	  	Less than
5.004.75:1.00 but
greater than or
equal to
4.00:1.00	  	1.875%	  	2.251.75%	  	1.250.75%	  	0.400.25%	  	2.251.75%
							
	3	  	Less than
4.00:1.00 but
greater than or
equal to
3.003.25:1.00	  	1.625%	  	2.001.50%	  	1.000.50%	  	0.350.225%	  	2.001.50%


  
 CREDIT AGREEMENT, Page 6 













													
	4	  	Less than
3.003.25:1.00
but greater
than
or
equal to
2.02.50:1.00	  	1.50%	  	1.751.375%	  	0.750.375%	  	0.300.20%	  	1.751.375%
							
	5	  	Less than
2.02.50:1.00
but greater
than or
equal to
1.50:1.00	  	1.50%	  	1.501.25%	  	0.500.25%	  	0.250.175%	  	1.501.25%
							
	6	  	Less than
1.50:1.00	  	1.50%	  	1.251.00%	  	0.250.00%	  	0.200.15%	  	1.251.00%


For purposes of the foregoing, (i) the Total Leverage Ratio shall be determined as of the end of each fiscal quarter of the Parent
Borrower’s fiscal year based upon the Parent Borrower’s consolidated financial statements most recently delivered pursuant to Section 5.01(a) or (b); provided that until delivery of the Parent
Borrower’s consolidated financial statements for the fiscal quarter ended September 26, 2020January 1, 2022 as required by
Section 5.01(a) or (b), the “Applicable Rate” in clause (b) above shall be the applicable rate per annum set forth in Category 45 of clause (b) above and (ii) each change in the Applicable Rate resulting from a change in the Total Leverage Ratio shall be effective during the period commencing on and including
the date of delivery to the Administrative Agent of such consolidated financial statements indicating such change and ending on the date immediately preceding the effective date of the next such change; provided that the Total Leverage Ratio
shall be deemed to be in Category 1 at the option of the Administrative Agent or at the request of the Required Lenders if the Parent Borrower fails to deliver the consolidated financial statements required to be delivered by it pursuant to
Section 5.01(a) or (b), during the period from the expiration of the time for delivery thereof until such consolidated financial statements are delivered. Notwithstanding anything in this definition of
“Applicable Rate” to the contrary, (x) the modifications to pricing set forth in clause (a) above pursuant to the Fifth Amendment shall become effective on the Fifth Amendment Date and (y) the
modifications to pricing set forth in clause (b) above pursuant to the SixthSeventh Amendment shall become effective on the SixthSeventh Amendment Date. 
 “Approved Electronic Communications” means any notice,
demand, communication, information, document or other material that any Loan Party provides to the Administrative Agent pursuant to any Loan Document or the transactions contemplated therein which is distributed to any agents hereunder or to Lenders
by means of electronic communications pursuant to Section 10.01. 
 “Approved Fund” means a
Person (other than a natural person) that is engaged in making, purchasing, holding or investing in bank loans and similar extensions of credit in the ordinary course of its business and 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. 

  
 CREDIT AGREEMENT, Page 7 












 “Asset Swap” means a concurrent purchase and sale or exchange of Related
Business Assets between the Parent Borrower or any of its Restricted Subsidiaries and another Person; provided that the Parent Borrower or such Restricted Subsidiary, as the case may be, receives consideration at least equal to the fair
market value (such fair market value to be determined on the date of the contractually agreeing to such transaction) as determined in good faith by the Parent Borrower. 

“Assignment and Assumption” means an Assignment and Assumption entered into by a Lender and an Eligible Assignee, and
accepted by the Administrative Agent, in the form of Exhibit A or any other form approved by the Administrative Agent. 

“Available Amount” means, at any date, an amount equal to the sum of: 

(i) $340,400,000; plus 

(ii) the Net Proceeds actually received by the Parent Borrower from and after the Effective Date to such date from the sale of Equity
Interests of the Parent Borrower (other than (A) Disqualified Equity Interests, (B) Equity Interests issued or sold to a Restricted Subsidiary or an employee stock ownership plan or similar trust to the extent such sale to an employee
stock ownership plan or similar trust is financed by loans from or Guaranteed by the Parent Borrower or any Restricted Subsidiary unless such loans have been repaid with cash on or prior to the date of determination and (C) Equity Interests the
Net Proceeds of which are used to repay long-term Indebtedness for borrowed money (other than revolving loans) or to fund any portion of the Vion Acquisition); plus 

(iii) an amount equal to (A) the net reduction in Investments made after the Fourth Amendment Date using the Available Amount (not in
excess of the original amount of such Investments) in respect of any returns in cash and cash equivalents (including dividends, interest, distributions, returns of principal, profits on sale, repayments, income and similar amounts) actually received
by the Parent Borrower and its Restricted Subsidiaries from such Investments after the Fourth Amendment Date and (B) the net cash proceeds of the Disposition of any Investment after the Fourth Amendment Date made using the Available Amount
actually received by the Parent Borrower and its Restricted Subsidiaries after the Fourth Amendment Date; plus 

(iv) (A) the amount of any Investment by the Parent Borrower and its Restricted Subsidiaries that was made after the Fourth Amendment
Date using the Available Amount in any Unrestricted Subsidiary that has been re-designated as a Restricted Subsidiary or that has been merged, amalgamated or consolidated with or into the Parent Borrower or
any Restricted Subsidiary and (B) the fair market value (as determined by the Parent Borrower in good faith) of the assets of any Unrestricted Subsidiary that has been transferred, conveyed or otherwise distributed to the Parent Borrower or any
Restricted Subsidiary (net of amounts paid by the Parent Borrower or any Restricted Subsidiary to such Unrestricted Subsidiary for such assets), such amount not to exceed the amount of the Investment made with the Available Amount after the Fourth
Amendment Date by the Parent Borrower and its Restricted Subsidiaries in such Unrestricted Subsidiary; minus 
 (v) the aggregate
amount of unreimbursed payments made after the Fourth Amendment Date by the Parent Borrower or any Restricted Subsidiary in respect of Indebtedness permitted by Section 6.01(w) or the exercise of remedies under any Lien
incurred pursuant to Section 6.02(y)(ii). 

  
 CREDIT AGREEMENT, Page 8 













“Available
 Tenor” means, as of any date of determination and with respect to the then-current Benchmark for any Agreed Currency, as applicable, any tenor for such Benchmark (or component thereof) or payment period for interest calculated with reference
to such Benchmark (or component thereof), as applicable, that is or may be used for determining the length of an Interest Period for any term rate or otherwise, for determining any frequency of making payments of interest calculated pursuant to this
Agreement as of such date and not including, for the avoidance of doubt, any tenor for such Benchmark that is then-removed from the definition of “Interest Period” pursuant to Section 2.14(c)(iv). 
 “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 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). 

“Bankruptcy Code” means the Federal Bankruptcy Reform Act of 1978 (11 U.S.C. §101, et seq.) and the regulations issued
from time to time thereunder. 

“Belgian Subsidiary
 Borrower” means Darling Ingredients Belgium Holding BV, a limited liability company (besloten
vennootschap/société
 à
responsabilité
limitée) organized under the
laws of Belgium, having its registered office (zetel/siège) located at Fabriekstraat 2, 9470 Denderleeuw (Belgium) and registered with the Crossroads Bank for Enterprises under
number 0447.442.489 (RPR/RPM Ghent—subsection Dendermonde). 
 “Benchmark” means, initially, (i) with respect to any Term Benchmark Loan, the Relevant Rate for such Agreed
Currency, (ii) with respect to SONIA Loans, the Adjusted Daily Simple SONIA Rate, (iii) with respect to RFR Loans, the Adjusted Daily Simple SOFR and (iv) with respect to Swingline Loans bearing interest based on Adjusted Daily Simple
ESTR, the Adjusted Daily Simple ESTR; provided that if a Benchmark Transition Event, and the related Benchmark Replacement Date have occurred with respect to the applicable Relevant Rate, Adjusted Daily Simple SONIA Rate, Adjusted Daily Simple SOFR,
Adjusted Daily Simple ESTR or the then-current Benchmark for such Agreed Currency, then “Benchmark” means the applicable Benchmark Replacement to the extent that such Benchmark Replacement has replaced such prior benchmark rate pursuant to
clause (c) of Section 2.14. 
 “Benchmark Replacement” means, for any Available Tenor, the first alternative set forth in the order below that can
be determined by the Administrative Agent for the applicable Benchmark Replacement Date; provided that, in the case of any Loan denominated in an Alternative Currency, “Benchmark Replacement” shall mean the alternative set forth in
(b) below: 
 (a) in the case of any Loan denominated in dollars, the Adjusted Daily Simple SOFR; and 

  
 CREDIT AGREEMENT, Page 9 













“Benchmark Replacement” means(b) the sum of: (aA) 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 BorrowersParent Borrower as the replacement for the then-current Benchmark for the applicable Corresponding Tenor giving due consideration to
(i1) any selection or recommendation of a replacement benchmark rate or the mechanism for determining such a rate by the Relevant Governmental Body and/or
(ii2
) any evolving or then-prevailing market convention for determining a
benchmark rate of interest as a replacement
tofor
 the LIBO
Ratethen-current Benchmark for syndicated credit
facilities denominated in the applicable Agreed Currency at such time in the United States and
(bB) the related 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 (in consultation with the
Borrowers)..


If any Benchmark Replacement
as determined pursuant to the provisions above would be less than the Floor, the Benchmark Replacement will be deemed to be the Floor for the purposes of this Agreement and the other Loan
Documents. 
 “Benchmark Replacement Adjustment” means,
with respect to any replacement of the then-current Benchmark with an Unadjusted Benchmark Replacement for
any applicable Interest Period and Available Tenor for any setting of such Unadjusted Benchmark Replacement, 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 BorrowersParent Borrower for the applicable Corresponding Tenor giving due consideration to (i) any selection
or recommendation of a spread adjustment, or method for calculating or determining such spread adjustment, for the replacement of the LIBO Ratesuch Benchmark with the applicable Unadjusted Benchmark Replacement by
the Relevant Governmental Body on the applicable Benchmark Replacement Date 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 LIBO Ratesuch
Benchmark with the applicable Unadjusted Benchmark Replacement for syndicated credit facilities denominated in the applicable Agreed Currency at such time. 

“Benchmark Replacement Conforming Changes” means, with respect to any Benchmark Replacement and/or any Term Benchmark Loan denominated in dollars, any technical,
administrative or operational changes (including changes to the definition of “Alternate Base Rate,” the definition of
“Business Day,” the definition of “U.S. Government Securities Business Day,” the definition
of “SONIA Business Day,” the definition of “Interest Period,” timing and frequency of determining rates and making payments of interest and other, timing of borrowing requests or prepayment, conversion or continuation notices, length of lookback periods, the
applicability of breakage provisions, and other technical, administrative
or operational matters) that the Administrative Agent
determines in its reasonable discretion,
after, in consultation with the Borrowers,Parent Borrower,
decides may be appropriate to reflect the adoption and implementation of such Benchmark Replacement
and to permit the administration thereof by the Administrative Agent in a manner substantially consistent with market practice (or, if the Administrative Agent reasonably
determinesdecides that adoption of any portion of
such market practice is not administratively feasible or if the Administrative Agent reasonably determines that no market practice for the administration of thesuch Benchmark Replacement exists, in such other manner of administration as


  
 CREDIT AGREEMENT, Page 10 












 
the Administrative Agent determines, afterdecides, in consultation with the BorrowersParent
Borrower, is reasonably necessary in connection with the administration of this Agreement
and the other Loan Documents). 

“Benchmark Replacement Date”
means, with respect to any Benchmark, the earlierearliest to occur of the following events with respect to the LIBO Ratesuch then-current Benchmark: 

(a1) in the case of clause (a1) or
(b2) of the definition of “Benchmark Transition Event,” the later of (ia) the date of the public statement or publication of information
referenced therein and
(iib
) the date on which the administrator of the Screen Rate in respect of such LIBO Ratesuch Benchmark (or the published component used in the calculation
thereof) permanently or indefinitely ceases to provide such Screen Rateall Available Tenors of such Benchmark (or such component thereof); or

 (b2) in the case of clause (c3) of the definition of “Benchmark Transition Event,” the
first date of the publicon which such
Benchmark (or the published component used in the calculation thereof) has been determined and announced by the regulatory supervisor for the administrator of such Benchmark (or such component thereof) to be no longer representative; provided, that
such non-representativeness will be determined by reference to the most recent statement or publication of information referenced
thereinin such
clause (c) and even if any Available Tenor of such Benchmark (or such component thereof) continues to be provided on such date. 

For the
avoidance of doubt, (i) if the event giving rise to the Benchmark Replacement Date occurs on the same day as, but earlier than, the Reference Time in respect of any determination, the Benchmark Replacement Date will be deemed to have occurred
prior to the Reference Time for such determination and (ii) the “Benchmark Replacement Date” will be deemed to have occurred in the case of clause (1) or (2) with respect to any Benchmark upon the occurrence of the
applicable event or events set forth therein with respect to all then-current Available Tenors of such Benchmark (or the published component used in the calculation thereof). 

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

(a1) a public statement or publication of information by or on behalf of
the administrator of the Screen Rate in respect of such LIBO
Ratesuch Benchmark (or the published component used in the calculation thereof) announcing that such administrator has ceased or will cease to provide the such Screen Rateall Available Tenors of such Benchmark (or such component thereof),
permanently or
indefinitely;,
 provided that, at the time of such statement or publication, there is no successor administrator that will continue to provide the such Screen Rateany
Available Tenor of such Benchmark (or such component thereof); 
 (b2) a public statement or publication of information by the regulatory supervisor for the administrator of the Screen Rate in
respect of such LIBO Rate, the U.S. Federal Reserve Systemsuch Benchmark (or the published component
used in the calculation thereof), the Federal Reserve Board, the NYFRB, the CME Term SOFR Administrator, the central bank for the Agreed Currency applicable to such Benchmark, an insolvency
official with jurisdiction over the administrator for the such Screen Ratesuch Benchmark (or such component), a resolution authority with
jurisdiction over the administrator for the such


  
 CREDIT AGREEMENT, Page 11 












 
Screen
Ratesuch Benchmark (or such component) or a court
or an entity with similar insolvency or resolution authority over the administrator for the such Screen Ratesuch Benchmark (or such component), in each case, which states that the administrator of the such Screen Ratesuch
Benchmark (or such component) has ceased or will cease to provide the such Screen Rateall Available Tenors of such Benchmark (or such component thereof)
permanently or indefinitely; provided that, at the time of such statement or publication, there is no successor administrator that will continue to provide
the such Screen Rate;
and/orany Available Tenor of such Benchmark (or such component thereof); or 

(c3) a public statement or publication of information by the regulatory
supervisor for the administrator of the Screen Rate in respect of such LIBO Rate announcing that the such Screen Rate is no longersuch Benchmark (or the published component used in the calculation thereof) announcing that all Available Tenors of such
Benchmark (or such component thereof) are no longer, or as of a specified future date will no longer be, representative. 

“Benchmark Transition Start Date” means (a) in the case of a Benchmark Transition Event, the earlier of
(i) the applicable Benchmark Replacement Date and (ii) if such Benchmark Transition Event is a public statement or publication of information of a prospective event, the 90th day (or such earlier date as the Administrative Agent and the
Parent Borrower shall agree) 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, the date specified by the Administrative Agent, the Parent Borrower or the Required RC Lenders, as applicable, by notice to
the Parent Borrower (in the case of such notice by the Administrative Agent or the Required RC Lenders), the Administrative Agent (in the case of such notice by the Borrowers or the Required RC Lenders) and the Lenders. 

For the
avoidance of doubt, a “Benchmark Transition Event” will be deemed to have occurred with respect to any Benchmark if a public statement or publication of information set forth above has occurred with respect to each then-current Available
Tenor of such Benchmark (or the published component used in the calculation thereof). 

“Benchmark Unavailability Period” means, if
a Benchmark Transition Event and its related Benchmark Replacement Date have occurred with respect to
the LIBO Rate and solely to the extent that the such LIBO Rate has not been replaced with aany Benchmark Replacement, the period
(if any) (x) beginning at the time that sucha Benchmark Replacement Date pursuant to clauses (1) or (2) of that
definition has occurred if, at such time, no Benchmark Replacement has replaced the such LIBO
Ratethen-current Benchmark for all purposes
hereunder and under any Loan Document in accordance with
Section 2.14 and (y) ending at the time that a Benchmark Replacement has replaced the such LIBO
Ratethen-current Benchmark for all purposes
hereunder pursuant
toand under any Loan Document in accordance with
Section 2.14. 
 “Beneficial Ownership Certification” means a certification regarding
beneficial ownership required by the Beneficial Ownership Regulation. 
 “Beneficial Ownership Regulation” means 31 C.F.R.
§ 1010.230. 

  
 CREDIT AGREEMENT, Page 12 












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

“BHC Act Affiliate” of a party means an “affiliate” (as such term is defined under, and interpreted in accordance
with, 12 U.S.C. 1841(k)) of such party. 
 “Board” means the Board of Governors of the Federal Reserve System of the United
States of America. 
 “Bona Fide Debt Fund” means any bona fide (i) debt fund, (iii) investment vehicle, (iii) regulated bank entity or (iv) non-regulated lending entity that is, in each case, engaged in making, purchasing, holding or
otherwise investing in commercial loans and similar extensions of credit in the ordinary course of business that is managed, sponsored or advised by any person Controlling, Controlled by or under common Control with a Disqualified Institution, but
only to the extent that no personnel involved with the investment in the relevant Disqualified Institution (A) makes (or has the right to make or participate with others in making) investment decisions on behalf of, or otherwise cause the
direction of the investment policies of, such debt fund, investment vehicle, regulated bank entity or unregulated lending entity or (B) has the access to any information (other than information that is publicly available) relating to the Parent
Borrower and/or any entity that forms part of any of its business (including any of its Subsidiaries). 

“Borrowers” means the Parent Borrower and the Subsidiary Borrowers. 

“Borrowing” means (a) Loans of the same Class and Type, made, converted or continued on the same date and, in the
case of Eurodollar Loans or CDOR
RateTerm Benchmark Loans, as applicable, as to
which a single Interest Period is in effect (it being understood that Loans denominated in dollars made under the USD Only Revolving Commitment and the USD/Multicurrency Revolving Commitment shall be deemed Loans of the same “Class” for
purposes hereof) or (b) a Swingline Loan. 
 “Borrowing Request” means a request by the applicable Borrower for
a Borrowing in accordance with Section 2.03. 
 “Business Day” means any day that is not a
Saturday, Sunday or other day on which commercial banks in Amsterdam, New York City, Chicago, Illinois or Dallas, Texas, are authorized or required by law to remain closed; provided that, when used in connection with
(a) a Eurodollar Loan, SONIA Loan or Ancillary Facility, the term “Business
Day” shall also exclude any day on which banks are not open for dealings in dollar deposits in the London interbank market; provided further that when used in connection with (i, (b) a RFR Loan or Adjusted Term SOFR Rate Loan and any interest rate settings, fundings, disbursements, settlements or
payments of any such RFR Loan or Adjusted Term SOFR Rate Loan, or any other dealings of such RFR Loan or Adjusted Term SOFR Rate Loan, such date shall also exclude any day that is not a U.S. Government Securities Business Day, (c) any Loans or Letters of Credit or Ancillary Facility denominated in Canadian
Dollars or obligations of the Canadian Borrower, such date
shall also exclude any day on which commercial banks in Toronto, Ontario are authorized or required by law to remain closed, (iid) any Loans or Letters of Credit or Ancillary Facility denominated in
Euro, such date shall also exclude any day on which the Trans-European Automated Real-time Gross Settlement Express 

  
 CREDIT AGREEMENT, Page 13 












 
Transfer (TARGET) payment system (or, if such payment system ceases to be operative, such other payment system (if any) determined by the Administrative Agent to be a suitable replacement) is not
open for the settlement of payments in Euro
and,
(iiie
) any Loans or Letters of Credit or Ancillary Facility denominated in Sterling such date shall also exclude any day on which commercial banks in London are authorized or required by law to remain
closed., (f)
the obligations of the Dutch Borrowers under the Loan Documents, such date shall also exclude any other day on which commercial banks in Amsterdam are authorized or required by law to remain closed, (g) the obligations of the German Subsidiary
Borrower under the Loan Documents, such date shall also exclude any other day on which commercial banks in Frankfurt am Main, Germany are authorized or required by law to remain closed and (h) the obligations of the Belgian Subsidiary Borrower
under the Loan Documents, such date shall also exclude any other day on which commercial banks in Belgium are authorized or required by law to remain closed. 

“CAM Exchange” means the exchange of the Lenders’ interests provided for in Section 11.01.

 “CAM Exchange Date” means the date on which (a) any event referred to in paragraph (g) or (h) of
Article VIII shall occur in respect of any Borrower or (b) an acceleration of the maturity of the Loans pursuant to Article VIII shall occur. 

“CAM Percentage” means, as to each Lender, a fraction, expressed as a decimal, of which (a) the numerator shall be the
aggregate dollar amount of the sum, without duplication, of (i) the Specified Obligations (including the Dollar Equivalent of any Specified Obligations owing in any currency (other than dollars)) owed to such Lender, (ii) such
Lender’s participation in undrawn amounts of Letters of Credit (including the Dollar Equivalent of the undrawn amount of any Letters of Credit not denominated in dollars) immediately prior to the CAM Exchange Date and (b) the denominator
shall be the aggregate dollar amount of the sum, without duplication, of (i) the Specified Obligations (including the Dollar Equivalent of any Specified Obligations owing in any currency (other than dollars)) owed to all the Lenders and
(ii) the aggregate undrawn amount of outstanding Letters of Credit (including the Dollar Equivalent of the undrawn amount of any Letters of Credit not denominated in dollars) immediately prior to such CAM Exchange Date. 

“Canadian Benefit Plans” means any plan, agreement, fund, program, practice or policy, whether oral or written, formal or
informal, funded or unfunded, insured or uninsured, providing employee benefits, including medical, hospital care, dental, sickness, accident, disability, life insurance, pension, retirement or savings benefits, under which any Canadian Loan Party
has any liability with respect to any current or former employee, officer, director or contractor employed in Canada (or any spouses, dependents, survivors or beneficiaries of any such persons), including any Canadian Pension Plans but excluding any
statutory benefit plans which any Canadian Loan Party is required to participate in or comply with, such as the Canada Pension Plan, the Quebec Pension Plan and plans administered pursuant to applicable health, tax, workplace safety insurance and
employment insurance legislation. 
 “Canadian Borrower” means Darling International Canada Inc., a company formed under
the laws of the province of New Brunswick, Canada. 
 “Canadian Defined Benefit Plan” means any Canadian Pension Plan which
contains a “defined benefit provision” as defined in subsection 147.1(1) of the Income Tax Act (Canada). 

  
 CREDIT AGREEMENT, Page 14 












 “Canadian Dollars” or “$C” means lawful money of Canada.

 “Canadian Loan Party” means each Loan Party formed under the laws of Canada or any province or territory thereof. 

“Canadian Multi-Employer Plans” means all Canadian Benefit Plans to which a Canadian Loan Party is required to contribute
pursuant to a collective agreement and which are not maintained or administered by a Canadian Loan Party or any of their Affiliates. 

“Canadian Pension Plans” means any Canadian Benefit Plan that is required to be registered under Canadian federal or
provincial pension benefits standards legislation. 
 “Canadian Pension Termination Event” means the occurrence of any of
the following: (i) the board of directors of any Canadian Loan Party passes a resolution to terminate or wind-up in whole or in part any Canadian Defined Benefit Plan or any Canadian Loan Party otherwise
initiates any action or filing to voluntarily terminate or wind-up in whole or in part any Canadian Defined Benefit Plan; (ii) the institution of proceedings by any Governmental Authority to terminate in
whole or in part any Canadian Defined Benefit Plan, including notice being given by the Superintendent of Financial Services or another Governmental Authority that it intends to proceed to wind-up in whole or
in part a Canadian Defined Benefit Plan of a Canadian Loan Party; (iii) there is a cessation or suspension of contributions to the fund of a Canadian Defined Benefit Plan by a Canadian Loan Party (other than a cessation or suspension of
contributions that is due to (a) an administrative error or (b) the taking of contribution holidays in accordance with applicable law); (iv) the receipt by a Canadian Loan Party of correspondence from any Governmental Authority related to
the likely wind-up or termination (in whole or in part) of any Canadian Defined Benefit Plan; and (v) the wind-up or partial
wind-up of a Canadian Defined Benefit Plan. Notwithstanding anything to the contrary herein, a Canadian Pension Termination Event shall not include any event that relates to the partial wind-up or termination of solely a defined contribution component of a Canadian Defined Benefit Plan. 

“Canadian Prime Rate” means, for any period, the rate per annum determined by the Administrative Agent to be the higher of
(i) the rate of interest per annum most recently announced or established by JPMorgan Chase Bank, N.A., Toronto Branch as its reference rate in effect on such day for determining interest rates for Canadian Dollar denominated commercial loans
in Canada and commonly known as “prime rate” (or its equivalent or analogous such rate), such rate not being intended to be the lowest rate of interest charged by JPMorgan Chase Bank, N.A., Toronto Branch and (ii) the sum of
(a) the yearly interest rate to which the one-month CDOR Rate is equivalent plus (b) one percent (1.0%). Any change in such rate due to a change in the “prime rate” or CDOR Rate shall be
effective as of the opening of business on the day of such change in the “prime rate” or the CDOR Rate, as the case may be. 

“Canadian Prime Rate Borrowing” means a Borrowing of Swingline Loans comprised of Canadian Prime Rate Loans. 

“Canadian Prime Rate Loan” means a Swingline Loan denominated in Canadian Dollars. 

  
 CREDIT AGREEMENT, Page 15 












 “Canadian Security Agreement” means the Canadian Pledge and Security
Agreement among the Administrative Agent, the Canadian Borrower and the other Canadian Loan Parties in form and substance reasonably acceptable to the Administrative Agent. 

“Canadian Subsidiary” means any Subsidiary of the Parent Borrower incorporated or otherwise organized under the laws of
Canada or any province or territory thereof. 
 “Capital Expenditures” means, for any period and a Person, without
duplication (a) the additions to property, plant and equipment and other capital expenditures of such Person and its consolidated subsidiaries that are (or would be) set forth in a consolidated statement of cash flows of such Person for such
period prepared in accordance with GAAP and (b) Capital Lease Obligations incurred by such Person and its consolidated subsidiaries during such period. 

“Capital Lease Obligations” of any Person means 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 the
amount of such obligations shall be the capitalized amount thereof determined in accordance with GAAP. 
 “CBR Loan” means a Loan that bears interest at a rate determined by reference to the Central Bank Rate. 

“CBR
Spread” means the Applicable Rate, applicable to such Loan that is replaced by a CBR Loan. 

“CDOR Loan Rate” means the CDOR Rate plus, in the case of any Lender that is not a Schedule I Lender, 0.10% per annum. 

“CDOR Rate” means, on any day when a CDOR
Rate Loan is to be made pursuant hereto, the per annumfor the relevant Interest Period, the
annual rate of interest which isequal to the average rate determined as being the arithmetic average of the annual yield rates applicable to Canadian Dollardollar Canadian bankers’
acceptances having a term comparable to such Interest Period of the CDOR Rate Loan requested by the applicable Borrower displayed and identified as such on the
display referred to as the “CDOR Page” (or any display substituted therefor) of Reuters Monitor Money Rates Service (or any successor thereto or Affiliate thereof) as at approximately 11:00for the applicable period that appears on the “Reuters Screen CDOR Page” as defined in the International Swap
Dealer Association, Inc. definitions, as modified and amended from time to time (or, in the event such rate does not appear on such page or screen, on any successor or substitute page or screen that displays such rate, or on the appropriate page of
such other information service that publishes such average rate applicable to Canadian dollar bankers’ acceptances for the applicable period from time to time, as selected by the Administrative Agent in its reasonable discretion), rounded to
the nearest 1/100th of 1% (with .005% being rounded up), as of 10:15 a.m. (Toronto local
time) on the
date of the
commencementfirst day of such Interest Period
and, if such day is not a Business Day, then on the immediately preceding Business Day (as adjusted by
Administrative Agent after 10:15 a.m. Toronto local time to reflect any error in the posted rate of interest or in the posted average annual rate of
interest); provided, however, if such
a rate does not appear on such CDOR
Page,any such screen at such time on such
day, then the CDOR Rate, on any day, shall be the
discount rate quoted by a Canadian charter bank listed on Schedule 1 of the Bank Act (Canada) as selected
by the Administrative 

  
 CREDIT AGREEMENT, Page 16 












 
Agent or, in the event that the Administrative Agent does not at such time issue bankers’ acceptances, the
Bank of Montreal (determined as of 11:0010:15 a.m. (Toronto
local time) on such day) which would be applicable in respect of an issue of bankers’ acceptances having a term
comparable to such Interest Period of the CDOR Rate Loan requested by the applicable Borrower on such day, or if such day is not a Business Day, then on the immediately preceding Business Day. If the CDOR Rate shall be less than zerothe Floor, it shall be deemed
zeroto be
equal to the Floor for purposes of this Agreement. 
 “CDOR Rate
Borrowing” means a Borrowing comprised of CDOR Rate Loans. 
 “CDOR Rate Loan” means a Loan denominated in
Canadian Dollars made by the Lenders (or any one of them) to the applicable Borrower which bears interest at a rate based on the CDOR Loan Rate. 

“Central Bank
 Rate” means, (A) the greater of (i) for any Loan denominated in (a) Sterling, the Bank of England (or any successor thereto)’s “Bank Rate” as published by the Bank of England (or any successor thereto) from time
to time, (b) Euro, one of the following three rates as may be selected by the Administrative Agent in its reasonable discretion: (1) the fixed rate for the main refinancing operations of the European Central Bank (or any successor
thereto), or, if that rate is not published, the minimum bid rate for the main refinancing operations of the European Central Bank (or any successor thereto), each as published by the European Central Bank (or any successor thereto) from time to
time, (2) the rate for the marginal lending facility of the European Central Bank (or any successor thereto), as published by the European Central Bank (or any successor thereto) from time to time or (3) the rate for the deposit facility
of the central banking system of the Participating Member States, as published by the European Central Bank (or any successor thereto) from time to time and (c) any other Alternative Currency, a central bank rate as determined by the Administrative Agent in its reasonable discretion
in consultation with the Parent Borrower and (ii) the Floor; plus (B) the applicable Central Bank
Rate Adjustment. 
 “Central Bank Rate Adjustment” means, for any day, for any Loan denominated in (a) Euro (other than Swingline
Loans denominated in Euro), a rate equal to the difference (which may be a positive or negative value or zero) of (i) the average of the Adjusted EURIBOR Rate for the five most recent Business Days preceding such day for which the EURIBOR
Screen Rate was available (excluding, from such averaging, the highest and the lowest Adjusted EURIBOR Rate applicable during such period of five Business Days) minus (ii) the Central Bank Rate in respect of Euro in effect on the last Business
Day in such period, (b) Sterling, a rate equal to the difference (which may be a positive or negative value or zero) of (i) the average of Adjusted Daily Simple SONIA for Sterling Borrowings for the five most recent RFR Business Days
preceding such day for which SONIA was available (excluding, from such averaging, the highest and the lowest such Adjusted Daily Simple SONIA applicable during such period of five RFR Business Days) minus (ii) the Central Bank Rate in respect
of Sterling in effect on the last RFR Business Day in such period and (c) any other Alternative Currency (and Swingline Loans denominated in Euro), a Central Bank Rate Adjustment as determined by the Administrative Agent in its reasonable
discretion in consultation with the Parent Borrower. For purposes of this definition, (x) the term Central Bank Rate shall be determined disregarding clause (B) of the definition of such term and (y) the EURIBOR Rate on any day shall
be based on the EURIBOR Screen Rate on such day at approximately the time referred to in the definition of such term for deposits in the applicable Agreed Currency for a maturity of one month.


  
 CREDIT AGREEMENT, Page 17 












 “Change in Control” means any of the following: (a) the acquisition of
ownership, directly or indirectly, beneficially or of record, by any Person or group (within the meaning of the Securities Exchange Act of 1934 and the rules of the Securities and Exchange Commission thereunder as in effect on the date hereof), of
Equity Interests representing more than 50% of either the aggregate ordinary voting power or the aggregate equity value represented by the issued and outstanding Equity Interests in the Parent Borrower; (b) occupation of a majority of the seats
(other than vacant seats) on the board of directors of Parent Borrower by Persons who were neither (i) nominated, appointed or approved for consideration by shareholders for election by the board of directors of Parent Borrower nor
(ii) appointed or elected by directors so nominated, appointed or approved; or (c) the occurrence of a “Change of Control” or any comparable event resulting in a requirement for the Parent Borrower to make an offer to purchase
any Existing 2026 Senior Notes, Existing 2027 Senior Notes, Incremental Equivalent Debt, any Refinancing Notes or any Refinancing Junior Loans with an aggregate principal amount outstanding in excess of the Threshold Amount, as the term “Change
of Control” or those events are defined under any of the documentation evidencing and governing any of the Existing 2026 Senior Notes, Existing 2027 Senior Notes, any Incremental Equivalent Debt, any Refinancing Notes or any Refinancing Junior
Loans, as applicable. 
 “Change in Law” means (a) the adoption of any law, rule or regulation after the date of this
Agreement, (b) any change in any law, rule or regulation or in the interpretation or application thereof by any Governmental Authority after the date of this Agreement or (c) compliance by any Lender or the Issuing Bank (or, for purposes
of Section 2.15(b), by any lending office of such Lender or by such Lender’s or the Issuing Bank’s holding company, if any) with any request, guideline or directive (whether or not having the force of law) of any
Governmental Authority made or issued after the date of this Agreement; provided, however, that notwithstanding anything herein to the contrary, (i) all requests, rules, guidelines, requirements and directives promulgated by the Bank for
International Settlements, the Basel Committee on Banking Supervision or by United States or foreign regulatory authorities, in each case pursuant to Basel III, and (ii) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all
requests, rules, guidelines, requirements and directives thereunder or issued in connection therewith or in implementation thereof, shall in each case be deemed to be a Change in Law, regardless of the date enacted, adopted, issued or implemented
but solely to the extent the relevant increased costs or loss of yield would have been included if they had been imposed under applicable increased cost provisions and only to the extent the applicable Lender is requiring reimbursement therefor from
similarly situated borrowers under comparable syndicated credit facilities (to the extent such Lender has the right to do so under its credit facilities with similarly situated borrowers). 

“Class”, when used in reference to any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such
Borrowing, are Revolving Loans, USD Only Revolving Loans, USD/Multicurrency Revolving Loans, Term Loans, Term A Loans,
Term B Loans, Swingline Loans, Loans made pursuant to any Specified Refinancing Debt constituting revolving facility commitments, Loans made pursuant to any Specified Refinancing Debt constituting
term loans, Loans made pursuant to an Incremental Revolving Commitment (other than an Incremental Commitment that is an increase of an existing revolving commitment) or Loans made pursuant to an Incremental Term Facility and, when used in reference
to any Commitment, refers to whether such Commitment is a Revolving Commitment, USD Only Revolving Commitment, USD/Multicurrency Revolving Commitment, Term Commitment, Term B Commitment, Term A Commitment, Specified Refinancing Debt constituting revolving
facility commitment, Specified Refinancing Debt constituting term loan commitment, an Incremental Revolving Commitment (other than an Incremental Commitment that is an increase of an existing revolving commitment) or a commitment for Incremental
Term Loans. 

  
 CREDIT AGREEMENT, Page 18 













“CME
Term SOFR Administrator” means CME Group Benchmark Administration Limited as administrator of the forward-looking term Secured Overnight Financing Rate (SOFR) (or a successor administrator as selected by the Administrative Agent in its sole
reasonable discretion in consultation with the Borrower). 
 “CoBank” means CoBank, ACB, a federally chartered instrumentality of the United States. 

“CoBank
Equities” means any of the Parent Borrower’s stock, patronage refunds issued in the form of stock or otherwise constituting allocated units, patronage surplus (including any such surplus accrued by CoBank for the account of the Parent
Borrower) and other equities in CoBank acquired in connection with, or because of the existence of, the Parent Borrower’s patronage loan from CoBank (or its affiliate), and the proceeds of any of the foregoing. 
 “Code” means the Internal Revenue Code of 1986. 

“Collateral” means, collectively, all of the assets and property (including Equity Interests) and interests therein and
proceeds thereof, whether now owned or hereafter acquired, in or upon which a Lien is granted pursuant to any of the Security Documents as security for the Obligations or the Foreign Obligations, as applicable. 

“Collateral Reinstatement Date” has the meaning
specifiedset
forth in Section 5.11(b). 
 “Collateral
Reinstatement Event” has the meaning
specifiedset
forth in Section 5.11(b). 
 “Collateral
Reinstatement Period” means each period commencing on the Collateral Reinstatement Date with respect to such period and ending on any Collateral Suspension Date occurring after such Collateral Reinstatement Date. 

“Collateral Suspension Date” means the first date following the Sixth Amendment Date or any Collateral Reinstatement Date on
which: (i) at least two of the Corporate Ratings are an Investment Grade Rating (each with a stable or better outlook), (ii) no Default or Event of Default has occurred and is continuing under this Agreement, (iii) no Indebtedness
secured by Liens on the Collateral permitted by Section 6.02(jj) or Section 6.02(z), is outstanding (unless, in each case, the Liens securing such Indebtedness are contemporaneously released) and
(iv) a Responsible Officer of the Parent Borrower has delivered an officer’s certificate to the Administrative Agent that (1) certifies to the satisfaction or concurrent satisfaction of the foregoing and (2) requests the
Administrative Agent to take any reasonably requested actions to evidence such release of Collateral in accordance with the second sentence under Section 5.11(a); provided that no Collateral Suspension Date shall
occur prior to the earlier of (x) the date each Term B Lender consents to the release of Collateral pursuant to Section 5.11(a) or (y) the date on which the Term B Loans are paid in full. 

“Collateral Suspension Period” means each period commencing on the Collateral Suspension Date with respect to such period and
ending on any Collateral Reinstatement Date occurring after such Collateral Suspension Date. 

  
 CREDIT AGREEMENT, Page 19 












 “Commitment” means a Revolving Commitment or the Term Commitment, or any
combination thereof (as the context requires). 
 “Commitment Parties” means J.P. Morgan Securities LLC, JPMorgan Chase
Bank, N.A., Goldman Sachs Bank USA and Bank of Montreal, acting under its trade name BMO Capital Markets and such other financial institutions that become party to those certain Commitment Letters related to this Agreement and dated October 5,
2013, pursuant to the terms thereof. 

“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: 

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

(b) if, and to the extent that, the Administrative Agent
reasonably determines (in consultation with the Parent Borrower) that Compounded SOFR cannot be determined in accordance with clause (a) above, then the rate, or methodology for this rate, and conventions for this rate that the Administrative Agent determines in its reasonable discretion (in consultation with the Parent
Borrower) 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, that if the Administrative Agent reasonably determines (in consultation with the Parent Borrower) that any such rate, methodology or convention determined in accordance
with clause (a) or clause (b) 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.” 

“Consolidated Net Income” means, for any period and any Person (a “Subject Person”), such Subject
Person’s consolidated net income (or loss) determined in accordance with GAAP, but excluding any extraordinary, nonrecurring, unusual, nonoperating or noncash gains, charges or losses (including (x) costs of, and payments of, actual or
prospective legal settlements, fines, judgments or orders, (y) costs of, and payments of, corporate reorganizations and (z) gains, income, losses, expenses or charges (less all fees and expenses chargeable thereto) attributable to any
sales or dispositions of Capital Stock or assets (including asset retirement costs) or returned surplus assets of any employee benefit plan outside of the ordinary course of business), and including or in addition to the above, the following: 

(a) the income (or loss) of any Unrestricted Subsidiary, any other Person who is not a Restricted Subsidiary but whose accounts
would be consolidated with those of the Subject Person in the Subject Person’s consolidated financial statements in accordance with GAAP or any other Person (other than a Restricted Subsidiary) in which the Subject Person or a subsidiary has an
ownership interest (including any joint venture); provided, however, that Consolidated Net Income shall include amounts in respect of the income of such Person when actually received by the Subject Person or such subsidiary in the form
of dividends, similar distributions or other payments, in each case, paid in cash (or to the extent converted into cash); 

  
 CREDIT AGREEMENT, Page 20 












 (b) the income or loss of any Person acquired by the Subject Person or a
subsidiary for any period prior to the date of such acquisition (provided such income or loss may be included in the calculation of Adjusted EBITDA to the extent provided in the definition thereof); 

(c) the cumulative effect of any change in accounting principles during such period; 

(d) any net gains, income, charges, losses, expenses or charges with respect to (i) disposed, abandoned, closed and
discontinued operations (other than assets held for sale) and any accretion or accrual of discounted liabilities and on the disposal of disposed, abandoned, and discontinued operations and (ii) facilities, plants or distribution centers that
have been closed during such period; 
 (e)
(i) effects of adjustments (including the effects of such adjustments pushed down to the Subject Person) in
the Subject Person’s consolidated financial statements pursuant to GAAP (including in the inventory, property and equipment, software, goodwill, intangible assets, in-process research and development,
deferred revenue, deferred rent and debt line items thereof) resulting from the application of recapitalization accounting or acquisition accounting, as the case may be, in relation to the Original Transactions or any consummated recapitalization or
acquisition transaction or the amortization or write-off of any amounts thereof; 

(f) any net income or loss (less all fees and expenses or charges related thereto) attributable to the early extinguishment of
Indebtedness (and the termination of any associated Swap Agreements); 
 (eg) any (i) write-off or amortization made in such period of deferred financing costs and premiums paid or other expenses incurred directly in connection with any early
extinguishment of Indebtedness, (ii) good will or other asset impairment charges, write-offs or write-downs or (iii) amortization of intangible assets; 

(h) any compensation charge, cost, expense, accrual or reserve, including any such charge, cost, expense, accrual or reserve
arising from (i) the grant of stock appreciation or similar rights, stock options, restricted stock or other equity incentive programs, (ii) any management equity plan or stock option plan or any other management or employee benefit plan
or agreement, pension plan, any stock subscription or shareholder agreement or any distributor equity plan or agreement and (iii) in connection with the rollover, acceleration or payout of Equity Interests held by management of Parent Borrower
and/or any of its subsidiaries; provided that, to the extent any such cash charges, costs, expenses, accruals or reserves are paid in cash, such cash charges, costs, expenses, accruals or reserves are funded with cash proceeds contributed to
the Parent Borrower as a capital contribution or as a result of the sale or issuance of Equity Interests (other than Disqualified Equity Interests) of Parent Borrower, and such contribution or sale took place within the immediately preceding four
fiscal quarter period of the Parent Borrower for which this exclusion is modifying Consolidated Net Income; 

  
 CREDIT AGREEMENT, Page 21 












 (i) any fees, costs, commissions and expenses incurred during such period
(including rationalization, legal, tax and structuring fees, costs and expenses), or any amortization or write-off thereof for such period in connection with (i) the Original Transactions and the
Transactions and (ii) any Investment (other than an Investment among the Parent Borrower and its Subsidiaries in the ordinary course of operations), Disposition (other than Dispositions of inventory or Dispositions among the Parent Borrower and
its Subsidiaries in the ordinary course of operations), incurrence, repayment, extension, renewal, replacement, refinancing, amendment, restatement, amendment and restatement or modification of Indebtedness, including any amortization or write-off of debt issuance or deferred financing costs, premiums and prepayment penalties (other than the incurrence, repayment, extension, renewal, replacement, refinancing, amendment, restatement, amendment and
restatement or modification of Indebtedness among the Parent Borrower and its Subsidiaries in the ordinary course of operations), and issuance or offering of Equity Interests, Restricted Payments, acquisitions, recapitalizations, mergers,
consolidations or amalgamations, option buyouts or other similar transactions (in each case including any such transaction proposed or undertaken, but not completed); 

(j) accruals and reserves that are established or adjusted within 12 months (i) after the Sixth Amendment Date that are so
required to be established or adjusted as a result of the Transactions and (ii) of the date of any Permitted Acquisition or similar Investment, in each case, in accordance with GAAP or as a result of the adoption or modification of
accounting policies; 
 (k) any unrealized or realized net foreign currency translation gains or losses and unrealized net
foreign currency transaction gains or losses, in each case impacting net income (including currency re-measurements of Indebtedness, any applicable net gains or losses resulting from Swap Agreements for
currency exchange risk associated with the above or any other currency related risk and those resulting from intercompany Indebtedness); 

(l) unrealized net losses, charges or expenses and unrealized net gains in the fair market value (as determined by the Parent
Borrower in good faith) of any arrangements under Swap Agreements. 
 “Consolidated Total Assets” means, as of any date of
determination, the total amount of assets appearing on a consolidated balance sheet of the Parent Borrower and its Restricted Subsidiaries, determined on a consolidated basis in accordance with GAAP. 

“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. 

“Corporate Ratings” means (i) the Parent Borrower’s corporate credit rating from S&P, (ii) the Parent
Borrower’s corporate family rating from Moody’s, and/or (iii) the Parent Borrower’s corporate credit rating from Fitch, or, in each case, an equivalent rating by any other Rating Agency. 

“Corresponding Tenor” with respect to a
Benchmark Replacement meansany Available Tenor means, as applicable, either a tenor (including overnight) or an interest payment period having approximately the same length (disregarding business day adjustment) as the applicable tenor for the applicable Interest Period with respect to the LIBO
Ratesuch Available Tenor. 

  
 CREDIT AGREEMENT, Page 22 












 “Covered Entity” means any of the following: 

(i) a “covered entity” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 252.82(b); 

(ii) a “covered bank” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 47.3(b); or 

(iii) a “covered FSI” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 382.2(b). 

“Covered QFC Party” has the meaning set forth in Section 10.23. 

“Covered Party” means each Loan Party and any other Subsidiary of the Parent Borrower designated by the Parent Borrower as a
“Covered Party” for purposes of this Agreement. 
 “Credit Facilities” means the Revolving Facility and each Term
Facility. 
 “Criminal Code (Canada)” means the Criminal Code (Canada), R.S.C., 1985 c. C-46. 

“Daily
Simple ESTR” means, with respect to any Swingline Loan requested in Euros for any Business Day, an interest rate per annum equal to ESTR based on the published rate of ESTR as of the Business Day of such request. Any change in Daily Simple ESTR
due to a change in ESTR shall be effective from and including the effective date of such change in ESTR. 

“Daily
Simple SOFR” means, for any day (a “SOFR Rate
Day”), a rate per annum equal to SOFR for the day (such day, a “SOFR Determination Date”) that is five (5) U.S. Government Securities Business Days prior to (i) if such SOFR Rate Day is a U.S. Government Securities Business
Day, such SOFR Rate Day or (ii) if such SOFR Rate Day is not a U.S. Government Securities Business Day, the U.S. Government Securities Business Day immediately preceding such SOFR Rate Day, in each case, as SOFR is published by the SOFR
Administrator on the SOFR Administrator’s Website. Any change in Daily Simple SOFR due to a change in SOFR shall be effective from and including the effective date of such change in SOFR without notice to the Borrower. 

“Daily
Simple SONIA” means, (i) with respect to any Swingline Loan requested in Sterling for any Business Day, an interest rate per annum equal to SONIA based on the published rate of SONIA as of the Business Day of such request and (ii) for
all other purposes, for any day (a “SONIA Rate Day”) with respect to any Loan denominated in Sterling, an interest rate per annum equal to SONIA for the day that is five SONIA Business Days prior to (i) if such SONIA Rate Day is a
SONIA Business Day, such SONIA Rate Day or (ii) if such SONIA Rate Day is not a SONIA Business Day, the SONIA Business Day immediately preceding such SONIA Rate Day. Any change in Daily Simple SONIA due to a change in SONIA shall be effective
from and including the effective date of such change in SONIA. 

  
 CREDIT AGREEMENT, Page 23 












 “Date of Full Satisfaction” means, as of any date, that on or before such
date: (i) the principal of and interest accrued to such date on each Loan (other than the contingent LC Exposure) shall have been paid in full in cash, (ii) all fees, expenses and other amounts then due and payable which constitute Loan
Obligations (other than the contingent LC Exposure and other contingent amounts for which no claim or demand has been made) shall have been paid in full in cash, (iii) the Commitments shall have expired or been terminated, and (iv) the
contingent LC Exposure shall have been secured by: (A) the grant of a first priority, perfected Lien on cash or cash equivalents in an amount at least equal to 102% of the amount of such LC Exposure or other collateral which is reasonably
acceptable to the Issuing Bank or (B) the issuance of a “back–to–back” letter of credit in form and substance reasonably acceptable to the Issuing Bank with an original face amount at least equal to 102% of the amount of
such LC Exposure. 
 “Debtor Relief Laws” means the Bankruptcy Code, 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 which constitutes an Event of Default or which
upon notice, lapse of time or both would, unless cured or waived, become an Event of Default. 
 “Default Right” has the
meaning assigned to that term in, and shall be interpreted in accordance with, 12 C.F.R. §§ 252.81, 47.2 or 382.1, as applicable. 

“Defaulting Lender” means any Lender that has: (a) failed to fund any portion of its Loans or participations in Letters
of Credit or Swingline Loans within two (2) Business Days of the date required to be funded by it hereunder, (b) notified the Parent Borrower, the Administrative Agent, the Issuing Bank, the Swingline Lender or any Lender in writing that
it does not intend to comply with any of its funding obligations under this Agreement or has made a public statement to the effect that it does not intend to comply with its funding obligations under this Agreement or generally under other
agreements in which it commits to extend credit, (c) failed, within two (2) Business Days after request by the Administrative Agent, to confirm that it will comply with the terms of this Agreement relating to its obligations to fund
prospective Loans and participations in then outstanding Letters of Credit and Swingline Loans; provided that any Lender that has failed to give such timely confirmation shall cease to be a Defaulting Lender under this
clause (c) immediately upon the delivery of such confirmation, (d) otherwise failed to pay over to the Administrative Agent or any other Lender any other amount required to be paid by it hereunder within two
(2) Business Days of the date when due, unless the subject of a good faith dispute or (e) (i) become or is insolvent or has a parent company that has become or is insolvent, (ii) become the subject of a bankruptcy or insolvency
proceeding, or has had a receiver, conservator, trustee or custodian appointed for it, or has taken any action in furtherance of, or indicating its consent to, approval of or acquiescence in any such proceeding or appointment or has a parent company
that has become the subject of a bankruptcy or insolvency proceeding, or has had a receiver, conservator, trustee or custodian appointed for it, or has taken any action in furtherance of, or indicating its consent to, approval of or acquiescence in
any such proceeding or appointment or (iii) become subject to a Bail-In Action or that has a direct or indirect parent company become subject to a Bail-In Action;
provided that a Lender shall not be a Defaulting Lender solely by virtue of the ownership or acquisition of any Equity Interests in that Lender or any direct or indirect parent company thereof by a Governmental Authority so long as such
ownership interest 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. 

  
 CREDIT AGREEMENT, Page 24 












 “Deposit Obligations” means all obligations, indebtedness, and liabilities
of the Covered Parties, or any one of them, to any Lender or any Affiliate of any Lender which have been designated by the Parent Borrower by written notice to the Administrative Agent as entitled to the security of the Collateral and which arise
pursuant to any treasury, purchasing card, deposit, lock box, commercial credit card, stored value card, employee credit card program, controlled disbursement, ACH transactions, return items, interstate deposit network services, dealer incentive,
supplier finance or similar programs, Society for Worldwide Interbank Financial Telecommunication transfer, cash pooling, operation foreign exchange management or cash management services or arrangements (including in connection with any automated
clearing house transfers of funds or any similar transactions between the Parent Borrower or any Subsidiary Loan Party and any Lender, Affiliate of a Lender, Issuing Bank or the Administrative Agent) entered into by such Lender or Affiliate with the
Covered Parties, or any one of them, whether now existing or hereafter arising, whether direct, indirect, related, unrelated, fixed, contingent, liquidated, unliquidated, joint, several, or joint and several, including, without limitation, the
obligation, indebtedness, and liabilities of the Covered Parties, or any one of them, to repay any credit extended in connection with such arrangements, interest thereon, and all fees, costs, and expenses (including reasonable attorneys’ fees
and expenses) provided for in the documentation executed in connection therewith. 
 “Designated Non-Cash Consideration” means the fair market value (as determined by the Parent Borrower in good faith) of non-Cash consideration received by the Parent Borrower or
a Restricted Subsidiary in connection with a Disposition pursuant to Section 6.05(o) that is designated as Designated Non-Cash Consideration pursuant to a certificate of a Responsible
Officer of the Parent Borrower, setting forth the basis of such valuation (which amount will be reduced by the amount of cash or Permitted Investments received in connection with a subsequent sale or conversion of such Designated Non-Cash Consideration to cash or Permitted Investments). 
 “Disclosed Matters” means
all the matters disclosed on the Schedules hereto or in the Parent Borrower’s reports to the Securities and Exchange Commission on form 10-K for the fiscal year ended January 2, 2016 or the 10-Qs for the fiscal quarters ended April 2, 2016, July 2, 2016 and October 1, 2016. For the avoidance of doubt, the disclosure in the Disclosed Matters shall not be deemed to include any risk factor
disclosures contained under the heading “Risk Factors,” any disclosure of risks included in any “forward-looking statements” disclaimer or any other statements that are similarly predictive or forward-looking in nature. 

“Disposition” has the meaning set forth in Section 6.05. The terms “Dispose” and
“Disposed of” shall have the correlative meanings. 
 “Disqualified Equity Interests” means any Equity
Interest which, by its terms (or by the terms of any security or other Equity Interest into which it is convertible or for which it is exchangeable), or upon the happening of any event or condition (a) matures or is mandatorily redeemable,
pursuant to a sinking fund obligations or otherwise (other than solely in exchange or Qualified Equity Interests), (b) is redeemable at the option of the holder thereof, in whole or in part (other than solely in exchange or Qualified Equity
Interests), (c) provides for the scheduled payments of dividends in cash or (d) is or becomes convertible into or exchangeable for Indebtedness or any other Equity Interest that would constitute


  
 CREDIT AGREEMENT, Page 25 












 Disqualified Equity Interests, in each case, on or prior to the 91st day following the Term B Loan Maturity Date; provided that (i) any Equity Interests that would constitute Disqualified Equity Interests solely because the holders thereof have the right
to require the Parent Borrower to repurchase such Disqualified Equity Interests upon the occurrence of a change of control or asset sale shall not constitute Disqualified Equity Interests if the terms of such Equity Interests (and all securities
into which it is convertible or for which it is ratable or exchangeable) provide that the Parent Borrower may not repurchase or redeem any such Equity Interests (and all securities into which it is convertible or for which it is ratable or
exchangeable) pursuant to such provision unless the Loan Obligations are fully satisfied simultaneously therewith and (ii) only the portion of the Equity Interests meeting one of the foregoing clauses (a) through
(d) prior to the date that is 91 days after the Term B Loan Maturity Date will be deemed to be Disqualified Equity Interests. 

“Disqualified Institution” means (i) those Persons that are competitors of the Parent Borrower or its subsidiaries and
(ii) such other Persons, in each case, identified in writing to the Administrative Agent prior to the Effective Date (in each case, together with any Person that is reasonably identifiable solely on the basis of or by similarity of name as an
Affiliate of any Person set forth in clauses (i) and (ii)); provided that the Parent Borrower, upon at least two (2) Business Days’ prior written notice to the Administrative Agent (at the email
address provided for such updates in Section 10.01) after the Effective Date shall be permitted to supplement in writing the list of Persons that are Disqualified Institutions to the extent such supplemented Person
is (A) a competitor, (B) an Affiliate of a competitor (other than an Affiliate that is a Bona Fide Debt Fund, unless such Person is otherwise a Disqualified Institution under clause (ii) above) or (C) an
Affiliate of a Person identified in clause (ii) above; provided further that (x) no such supplement shall apply retroactively to disqualify any Persons that have previously acquired an assignment or
participation in the Loans or Commitments hereunder, in each case prior to it being added to such list and (y) Disqualified Institutions shall not include any Person that the Borrower has designated as no longer being a “Disqualified
Institution” by written notice delivered to the Administrative Agent from time to time pursuant to Section 10.01. 

“Disregarded Domestic Person” means any Domestic Subsidiary of Borrower (a) substantially all of the assets of which
consist of the Equity Interests and/or Indebtedness of one (1) or more Foreign Subsidiaries or (b) that is treated as a disregarded entity for U.S. federal income tax purposes and holds no material assets other than the Equity Interests in
one (1) or more Foreign Subsidiaries. 
 “Documentation Agents” has the meaning set forth in the preamble hereto, and
also includes the financial institutions identified as “Documentation Agents” in the SixthSeventh Amendment. 

“dollars” or “$” refers to lawful money of the United States of America. 

“Dollar Equivalent” means, at any date of determination, (a) with respect to any amount denominated in dollars, such
amount, and (b) with respect to any amount denominated in any currency other than dollars, the equivalent amount thereof in dollars as determined by the Administrative Agent at such time on the basis of the Spot Rate in effect on such date for
the purchase of dollars with such currency. The Dollar Equivalent at any time of the amount of any Letter of Credit, LC Disbursement or Loan denominated in an Alternative Currency shall be the amount most recently determined as provided in
Section 1.06. 

  
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 “Domestic Loan Party” means the Parent Borrower and each other Loan Party
that is a Domestic Subsidiary. 
 “Domestic Subsidiary” means a Subsidiary organized under the laws of a jurisdiction
located in the United States of America. 
 “Domestic Subsidiary Loan Party” means a Loan Party that is a Domestic
Subsidiary. 
 “Dutch Borrowers” means the Dutch Parent Borrower and the Dutch Subsidiary Borrower. 

“Dutch Civil Law” means the Dutch Civil Code (Burgerlijk Wetboek). 

“Dutch FSA” means the Financial Supervision Act (Wet op het financieel toezicht), including any regulations issued
pursuant thereto. 
 “Dutch Obligor” means any Dutch Subsidiary that is a party to a Loan Document governed by the laws of
The Netherlands providing for granting of a Lien. 
 “Dutch Parent Borrower” means Darling International NL Holdings B.V.,
a private company with limited liability (besloten vennootschap met beperkte aansprakelijkheid), organized under the laws of The Netherlands. 

“Dutch Subsidiary” means any Subsidiary incorporated in The Netherlands. 

“Dutch Subsidiary Borrower” means Darling Ingredients International Holding B.V., a private company with limited liability
(besloten vennootschap met beperkte aansprakelijkheid) organized under the laws of The Netherlands. 
 “Early Opt-in
Election” means the occurrence of: 

(a) (i) a determination by the Administrative Agent or
the Parent Borrower or (ii) a notification by the Required RC Lenders to the Administrative Agent (with a copy to the Borrowers) that the Required RC Lenders have determined that syndicated credit facilities denominated in the applicable Agreed
Currency being executed at such time, or that include language similar to that contained in Section 2.14 are being executed or amended, as applicable, to incorporate or adopt a new benchmark interest rate to replace the LIBO Rate, and 

(b) (i) the election by the Administrative Agent or the
Parent Borrower or (ii) the election by the Required RC Lenders to declare that an Early Opt-in Election has occurred and the provision, as applicable, by the Administrative Agent of written notice of
such election to the Borrowers and the Revolving Lenders or by the Required RC Lenders of written notice of such election to the Administrative Agent (with a copy to the Borrowers). 

“EBITDA” means, for any period and any Person, the total of the following each calculated without duplication on a
consolidated basis for such period: 
 (a) Consolidated Net Income; plus 

  
 CREDIT AGREEMENT, Page 27 












 (b) any provision for (or less any benefit from) income, franchise
and similar taxes (including taxes in lieu thereof) included in determining Consolidated Net Income (including such taxes arising out of examinations (including interest and penalties)); plus 

(c) interest expense (including the interest portion of Capital Lease Obligations) deducted in determining Consolidated Net
Income; plus 
 (d) amortization and depreciation expense deducted in determining Consolidated Net Income; plus

 (e) to the extent not disregarded in the calculation of Consolidated Net Income,
non-cash charges, expenses or deductions; plus 
 (f) the amount of any fee,
cost, expense or reserve to the extent actually reimbursed or reimbursable by third parties pursuant to indemnification or reimbursement provisions or similar agreements or insurance; provided that, such Person in good faith expects to
receive reimbursement for such fee, cost, expense or reserve within the next four fiscal quarters (it being understood that to the extent not actually received within such fiscal quarters, such reimbursement amounts shall be deducted in calculating
EBITDA for such fiscal quarters); plus 
 (g) the amount of any expense or deduction associated with any subsidiary of
such Person attributable to non-controlling interests or minority interests of third parties; plus 

(h) the amount of loss on Dispositions of Receivables Assets with a Receivables Facility (including Dispositions to any
Receivables Subsidiary) and in connection with any incentive, supplier finance or similar program entered into in the ordinary course of business; plus 

(i) proceeds of business interruption insurance in an amount representing the earnings for the applicable period that such
proceeds are intended to replace (whether or not received so long as such Person in good faith expects to receive the same within the next four fiscal quarters (it being understood that to the extent not actually received within such fiscal
quarters, such proceeds shall be deducted in calculating EBITDA for such fiscal quarters)); plus 
 (j) earn-out obligations incurred in connection with any acquisition or other Investment permitted pursuant to Section 6.04 and paid or accrued during such period and on similar acquisitions
and Investments completed prior to the Effective Date. 
 “EEA Financial Institution” means (a) any institution
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 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. 

  
 CREDIT AGREEMENT, Page 28 












 “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 the conditions specified in Section 4.01 were satisfied
(or waived in accordance with Section 10.02) which date was January 6, 2014. 
 “Effective
Yield” means, as to any Indebtedness, the effective yield on such Indebtedness in the reasonable determination of the Administrative Agent in consultation with the Parent Borrower and consistent with generally accepted financial practices,
taking into account the applicable interest rate margins, any interest rate floors (the effect of which floors shall be determined in a manner set forth in the proviso below) or similar devices, any amendment to the relevant interest rate margins
and interest rate floors prior to the applicable date of determination and all upfront or similar fees or original issue discount (converted to yield assuming the shorter of (i) the weighted average life of the applicable Indebtedness at the
time such Indebtedness was incurred and (ii) a four-year life and, in each case, without any present value discount) generally paid or payable to the providers of such Indebtedness, but excluding any arrangement, commitment, amendment,
structuring and underwriting fees paid or payable to the arranger (or its Affiliates) of such Indebtedness in their capacities as such (regardless of whether any such fees are paid to or shared in whole or part with any lender) and any other fee
(including, if applicable, ticking fees) not generally paid to all lenders ratably; provided that with respect to any Indebtedness that includes (1) an interest rate floor greater than the interest rate floor applicable to the
Term B Loans outstanding on the Fifth Amendment Date, such increased amount shall be equated to the applicable interest rate margin for purposes of determining Effective Yield solely to the extent an increase in the interest rate floor for such
existing Term B Loans would cause an increase in the interest rate then in effect thereunder and (2) an interest rate floor lower than the interest rate floor applicable to the Term B Loans outstanding on the Fifth Amendment Date or
does not include any interest rate floor, to the extent a reduction (or elimination) in the interest rate floor for such existing Term B Loans would cause a reduction in the interest rate then in effect thereunder, an amount equal to the
difference between the interest rate floor applicable to such Term B Loans and the interest rate floor applicable to such Indebtedness (which shall be deemed to equal 0% for any Indebtedness without any interest rate floor), shall reduce the
applicable interest rate margin of the applicable Indebtedness for purposes of determining Effective Yield. 
 “Electronic
Signature” means an electronic symbol, or process attached to, or associated with, a contract or other record and adopted by a Person with the intent to sign, authenticate or accept such contract or record. 

“Eligible Assignee” means any Person that meets the requirements to be an assignee under
Section 10.04(b) (subject to receipt of such consents, if any, as may be required for the assignment of the applicable Loans and/or Commitments to such Person under Section 10.04(b)(i) and
(ii)); provided that in any event, “Eligible Assignee” shall not include (i) any natural person, (ii) any Defaulting Lender, (iii) subject to the terms of Section 10.04(f), any
Disqualified Institution or (iv) except as set forth in Section 10.04(e), the Parent Borrower or its Subsidiaries. 

“EMU Legislation” means the legislative measures of the European Union relating to Economic and Monetary Union. 

  
 CREDIT AGREEMENT, Page 29 












 “Environmental Laws” means all laws (including common law), rules,
regulations, codes, ordinances, orders, decrees, judgments, injunctions, notices, binding agreements or other legally enforceable requirements issued, promulgated or entered into by any Governmental Authority, regulating, relating in any way to or
imposing standards of conduct concerning the environment, preservation or reclamation of natural resources or health and safety as it relates to environmental protection. 

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

 “Equity Accretive Investment” has the meaning set forth in Section 6.04(l). 

“Equity Interests” means shares of the capital stock, partnership interests, membership interest in a limited liability
company, beneficial interests in a trust or other equity interests or any warrants, options or other rights to acquire such interests but excluding any debt securities convertible into such Equity Interests. 

“ERISA” means the Employee Retirement Income Security Act of 1974, as amended from time to time. 

“ERISA Affiliate” means any trade or business (whether or not incorporated) that, together with the Parent Borrower, is
treated as a single employer under Section 414(b) or (c) of the Code or, solely for purposes of Section 302 of ERISA and Section 412 of the Code, is treated as a single employer under Section 414 of the Code. 

“ERISA Event” means (a) any Reportable Event; (b) the existence with respect to any Plan of a non-exempt Prohibited Transaction; (c) any failure by any Pension Plan to satisfy the minimum funding standards (within the meaning of Sections 412 or 430 of the Code or Section 302 of ERISA)
applicable to such Pension Plan, whether or not waived; (d) the filing pursuant to Section 412(c) of the Code or Section 302(c) of ERISA of an application for a waiver of the minimum funding standard with respect to any Pension Plan,
the failure to make by its due date a required installment under Section 430(j) of the Code with respect to any Pension Plan or the failure by any Loan Party or any of its ERISA Affiliates to make any required contribution to a Multiemployer
Plan; (e) the incurrence by any Loan Party or any of its ERISA Affiliates of any liability under Title IV of ERISA with respect to the termination of any Pension Plan, including but not limited to the imposition of any Lien in favor of the PBGC
or any Pension Plan; (f) a determination that any Pension Plan is, or is reasonably expected to be, in “at risk” status (within the meaning of Section 430 of the Code or Section 303 of ERISA); (g) the receipt by any Loan
Party or any of its ERISA Affiliates from the PBGC or a plan administrator of any notice relating to an intention to terminate any Pension Plan or to appoint a trustee to administer any Pension Plan under Section 4042 of ERISA; (h) the
incurrence by any Loan Party or any of its ERISA Affiliates of any liability with respect to the withdrawal or partial withdrawal from any Pension Plan or Multiemployer Plan; (i) the failure by any Loan Party or any of its ERISA Affiliates to
make any required contribution to a Multiemployer Plan pursuant to Sections 431 or 432 of the Code; (j) the receipt by any Loan Party or any of its ERISA Affiliates of any notice, or the receipt by any Multiemployer Plan from a Loan Party
or any ERISA Affiliate of any 

  
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notice, concerning the imposition of Withdrawal Liability or a determination that a Multiemployer Plan is, or is expected to be, Insolvent or in endangered or critical status (within the meaning
of Section 432 of the Code or Section 305 of ERISA) or (k) with respect to any Foreign Benefit Plan, (A) the failure to make or remit any employer or employee contributions required by applicable law or by the terms of such
Foreign Benefit Plan; (B) the failure to register or loss of registration in good standing with applicable regulatory authorities of any such Foreign Benefit Plan required to be registered; or (C) the failure of such Foreign Benefit Plan
to comply with any material provisions of applicable law or regulations or with the material terms of such Foreign Benefit Plan. 
 “ESTR” means, with respect to any Business Day, a rate per annum equal to the Euro Short Term Rate for such
Business Day published by the ESTR Administrator on the ESTR Administrator’s Website. 

“ESTR
Administrator” means the European Central Bank (or any successor administrator of the Euro Short Term Rate). 

“ESTR
Administrator’s Website” means the European Central Bank’s website, currently at http://www.ecb.europa.eu, or any successor source for the Euro Short Term Rate identified as such by the ESTR Administrator from time to time. 
 “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. 

“EURIBOR Rate”
 means, for any day and time, with respect to any Term Benchmark Borrowing denominated in Euro for any Interest Period, the EURIBOR Screen Rate, two TARGET Days prior to the commencement of such Interest Period. 

“EURIBOR Screen
 Rate” means the euro interbank offered rate administered by the European Money Markets Institute (or any other person which takes over the administration of that rate) for the relevant period displayed (before any correction, recalculation or
republication by the administrator) on page EURIBOR01 of the Thomson Reuters screen (or any replacement Thomson 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 Thomson Reuters as published at approximately 11:00 a.m. Brussels time two TARGET Days prior to the commencement of such Interest Period. If such page or service ceases to be available, the Administrative Agent may specify
another page or service displaying the relevant rate. 
 “Euro”
or “€” means the single currency of the Participating Member States introduced in accordance with the EMU Legislation. 

“Euro Swingline Rate” shall mean, the
interest rate per annum (rounded upwards, if necessary, to the next 1/100th of 1.0%) at which overnight deposits 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 London interbank market for Euro to major banks in the London interbank market.when used in reference to any Swingline Loan or Swingline Borrowing, refers to whether such Swingline Loan, or the Swingline
Loans comprising such Swingline Borrowing, are bearing interest at a rate determined by reference to the Adjusted Daily Simple ESTR. 

  
 CREDIT AGREEMENT, Page 31 












 “Eurodollar”, 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 Adjusted LIBO Rate but does not include any Loan or Borrowing bearing interest at a rate determined by reference to
clause (c) of the definition of the term “AlternativeAlternate Base Rate”. 

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

“Excess Cash Flow” means, for any period, the sum (without duplication) of: (a) EBITDA of the Parent Borrower and the
Restricted Subsidiaries; minus (b) the sum of the following: (i) cash interest expense added in determining such EBITDA; (ii) cash taxes added in determining such EBITDA; (iii) the principal portion of required and
voluntary repayments of Indebtedness (other than voluntary repayments on the Loans); (iv) the un-financed portion of all Capital Expenditures; (v) the un-financed
cash portion of any Investments permitted by Section 6.04 (other than Investments in cash and Permitted Investments or in the Parent Borrower or any Restricted Subsidiary of the Parent Borrower); (vi) all Restricted
Payments made under the permissions of Section 6.08 (other than clause (ii) thereof to the extent paid to the Parent Borrower or one of its Restricted Subsidiaries); (vii) cash expenditures made in
respect of Swap Agreements to the extent not reflected as a subtraction in the computation of Consolidated Net Income or EBITDA (or, in either case, to the extent added thereto); (viii) cash payments by the Parent Borrower and its Restricted
Subsidiaries during such period in respect of long-term liabilities of the Parent Borrower and its Restricted Subsidiaries other than Indebtedness; (ix) the aggregate amount of expenditures actually made by the Parent Borrower and its
Restricted Subsidiaries in cash during such period (including expenditures for the payment of financing fees and pension contributions) to the extent that such expenditures are not expensed or deducted (or exceed the amount expensed or deducted)
during such period; (x) the amount of cash taxes paid in such period to the extent they exceed the amount of tax expense deducted in determining Consolidated Net Income for such period; and (xi) an amount equal to all expenses, charges and
losses either (A) excluded in calculating Consolidated Net Income or (B) added back in calculating Consolidated Adjusted EBITDA, in each case, to the extent paid or payable in cash. Expenditures shall be considered “un-financed” for purposes of this definition unless paid with the proceeds of long-term Indebtedness (other than revolving facilities including the Revolving Loans). Any amounts subtracted from EBITDA
pursuant to clauses (b)(v) or (b)(vii) above shall be net of any return of capital in respect such Investments or net of any payments received under any Swap Agreements, in each case, to the extent not reflected in
EBITDA. Any amounts subtracted from EBITDA pursuant to clause (b)(ix) above shall be added to EBITDA for the purposes of this Excess Cash Flow definition in the period when such expenditures are expensed (if expensed). 

“Excluded Subsidiary” means (i) any Subsidiary that is not a wholly-owned Subsidiary, (ii) any Foreign Subsidiary
or Disregarded Domestic Person, in each case, other than the Specified Foreign Subsidiaries and the Specified Canadian Subsidiaries, (iii) any Unrestricted Subsidiary, (iv) any subsidiary that is prohibited by applicable law, regulation or
Contractual Obligation from entering into (and providing the guarantees pursuant to) the Guaranty Agreement (including if it is not within the legal capacity of such Loan Party to do so (whether as a result of financial assistance, corporate
benefit, works council advice or thin capitalization rule or otherwise)) or that would require the consent, approval, license or authorization of a Governmental Authority in order to enter into (and provide the guarantees pursuant to) the Guaranty
Agreement or to the extent the provision of such guaranty would conflict with the fiduciary duties of such Person’s directors or result in, or
couldwould reasonably be expected to result in, a material risk of personal or criminal liability for any officer or director of such Person,
(v) not-for-profit Subsidiaries, (vi) captive 

  
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insurance Subsidiaries, (vii) any Immaterial Subsidiary, (viii) direct or indirect Domestic Subsidiaries of any Foreign Subsidiary, (ix) any special purpose entity (including any
Receivables Subsidiary), (x) any Subsidiary that is a holding company through which the Parent Borrower or its Subsidiary holds its interests in a Renewable Diesel Joint Venture and which has no material assets or operations unrelated to a Renewable
Diesel Joint Venture and (xi) any Subsidiary to the extent that the burden, difficulty, consequence or cost of entering into (and providing the guarantees pursuant to) the applicable Guaranty Agreement outweighs the benefit afforded thereby as
reasonably determined by the Administrative Agent and the Parent Borrower; provided, that notwithstanding anything to the contrary contained in this Agreement, no Subsidiary shall be an “Excluded Subsidiary” if such Subsidiary
enters into, or is required to enter into, a guarantee of (or becomes, or is required to become, a borrower or other obligor under) any obligations of the Parent Borrower or any Domestic Subsidiary thereof under any Existing 2026 Senior Notes,
Existing 2027 Senior Notes, Incremental Equivalent Debt, Refinancing Notes or any Refinancing Junior Loans or any Permitted Refinancing of any such Existing 2026 Senior Notes, Existing 2027 Senior Notes, Incremental Equivalent Debt, Refinancing
Notes or any Refinancing Junior Loans, in each case, to the extent then outstanding. 
 “Excluded Taxes” means, with
respect to the Administrative Agent, any Lender, the Issuing Bank or any other recipient of any payment to be made by or on account of any obligation of the Loan Parties hereunder, (a) income, franchise or similar taxes (including German trade
taxes) imposed on (or measured by) its net income by the United States of America, or by the jurisdiction under the laws of which such recipient is organized or in which its principal office is located or, in which it is doing business, or in which
it had a present or former connection (other than such connection arising solely from any Secured Party having executed, delivered, or performed its obligations or received a payment under, or enforced, any Loan Document) or, in the case of any
Lender, in which its applicable lending office is located, (b) any branch profits taxes imposed by the United States of America or any similar tax imposed by any other jurisdiction in which a Borrower is located, (c) in the case of a
Foreign Lender (other than an assignee pursuant to a request by a Borrower under Section 2.19(b)), any United States withholding tax that is imposed on amounts payable to such Foreign Lender (including as a result of FATCA)
at the time such Foreign Lender becomes a party to this Agreement (or designates a new lending office) or is attributable to such Foreign Lender’s failure to comply with Section 2.17(f), except to the extent that such
Foreign Lender (or its assignor, if any) was entitled, at the time of designation of a new lending office (or assignment), to receive additional amounts from a Borrower with respect to such withholding tax pursuant to
Section 2.17(a), (d) in the case of a non-Foreign Lender (other than an assignee pursuant to a request by a Borrower under Section 2.19(b)), any United
States backup withholding tax that is imposed on accounts payable to such non-Foreign Lender at the time such non-Foreign Lender becomes a party to this Agreement,
(e) any amounts paid or payable on “outstanding debts to specified non-residents” as defined in subsection 18(5) of the Income Tax Act (Canada) which are recharacterized as a dividend under the
provisions of the Income Tax Act (Canada), (f) Taxes under the laws of The Netherlands to the extent such Tax becomes payable as a result of a Lender or the Administrative Agent having a substantial interest (aanmerkelijk belang) in a Dutch
Borrower as laid down in The Netherlands Income Tax Act 2001 (Wet inkomsten belasting) and (g) all liabilities, penalties and interest with respect to any of the foregoing excluded taxes. 

“Existing Credit Agreement” has the meaning set forth in the preamble hereto. 

  
 CREDIT AGREEMENT, Page 33 












 “Existing 2026 Senior Notes” means the 3.625% senior notes due 2026 in an
aggregate principal amount of €515,000,000 (as of the Sixth Amendment Date) issued on May 2, 2018 by Darling Global Finance B.V., as amended, restated, refinanced, replaced or otherwise modified from time to time so long as the principal
amount (or accreted value, if applicable) of such amended, restated, refinanced, replaced or modified Indebtedness does not exceed the principal amount (or accreted value, if applicable) of the Indebtedness so amended, restated, refinanced, replaced
or modified plus unpaid accrued interest and premium thereon, any committed or undrawn amounts and underwriting discounts, fees, commissions and expenses, associated with such amended, restated, refinanced, replaced or modified Indebtedness), except
as otherwise permitted under Section 6.01, (including any Permitted Refinancing Indebtedness in respect thereof). 

“Existing 2026 Senior Notes Documents” means the indenture or similar agreement governing the Existing 2026 Senior Notes or
any similar agreement relating to any Permitted Refinancing Indebtedness specifically designated as such by the Parent Borrower in respect of the Existing 2026 Senior Notes. 

“Existing 2027 Senior Notes” means the 5.25% senior notes due 2027 in an aggregate principal amount of $500,000,000 (as of
the Sixth Amendment Date) issued on April 3, 2019 by Parent Borrower, as amended, restated, refinanced, replaced or otherwise modified from time to time so long as the principal amount (or accreted value, if applicable) of such amended,
restated, refinanced, replaced or modified Indebtedness does not exceed the principal amount (or accreted value, if applicable) of the Indebtedness so amended, restated, refinanced, replaced or modified plus unpaid accrued interest and premium
thereon, any committed or undrawn amounts and underwriting discounts, fees, commissions and expenses, associated with such amended, restated, refinanced, replaced or modified Indebtedness), except as otherwise permitted under
Section 6.01, (including any Permitted Refinancing Indebtedness in respect thereof). 
 “Existing 2027
Senior Notes Documents” means the indenture or similar agreement governing the Existing 2027 Senior Notes or any similar agreement relating to any Permitted Refinancing Indebtedness specifically designated as such by the Parent Borrower in
respect of the Existing 2027 Senior Notes. 

“Farm
Credit Lender” means a federally-chartered Farm Credit System lending institution organized under the Farm Credit Act of 1971 or the Federal Agricultural Mortgage Corporation. 

“FATCA” means Sections 1471 through 1474 of the Code, as of the date of this Agreement (or any amended or successor
version that is substantively comparable and not materially more onerous to comply with), any regulations or official interpretations thereof and any agreements entered into pursuant to Section 1471(b)(1) of the Code. 

“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 the NYFRB shall set forth on its public website from time to time) and published on the next succeeding Business Day by the NYFRB as the federal funds effective rate;
provided that, if the Federal Funds Rate shall be less than zero, such rate shall be deemed to be zero for purposes of this Agreement. 

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

  
 CREDIT AGREEMENT, Page 34 












 “Fifth Amendment” means that certain Fifth Amendment to the Second Amended
and Restated Credit Agreement, among the Loan Parties party thereto, the Administrative Agent and the Lenders party thereto, dated December 18, 2017. 

“Fifth Amendment Date” means December 18, 2017. 

“Financial Covenant Event of Default” has the meaning set forth in Section 8.01(d). 

“Financial Covenants” means the covenants set forth in Sections 7.01 and 7.02. 

“Financial Officer” means the chief financial officer, executive vice president of finance and administration, principal
accounting officer, treasurer or controller of, unless otherwise noted, the Parent Borrower (or any other officer acting in substantially the same capacity of the foregoing). 

“First Lien Leverage Ratio” means, as of any date of determination, the ratio of (a) Total Indebtedness secured by a
Lien which is on at least an equal priority basis (but without regard to the control of remedies) with the Liens securing the Credit Facilities outstanding on the
SixthSeventh
 Amendment Date to (b) Adjusted EBITDA for the four fiscal quarter period most recently ended. 

“Fitch” means Fitch Ratings Inc., or any successor to the rating agency business thereof 

“Fixed Amounts” has the meaning set forth in Section 1.10(gf). 

“Floor”
 means the benchmark rate floor, if any, provided in this Agreement initially (as of the execution of this Agreement, the modification, amendment or renewal of this Agreement or otherwise) with respect to the Adjusted Term SOFR Rate, Adjusted
EURIBOR Rate, Adjusted Daily Simple SONIA, Adjusted Daily Simple SOFR, Adjusted Daily Simple ESTR, CDOR Loan Rate or the Central Bank Rate, as applicable. For the avoidance of doubt the initial Floor for each of Adjusted Term SOFR Rate, Adjusted
EURIBOR Rate, Adjusted Daily Simple SONIA, Adjusted Daily Simple SOFR, Adjusted Daily Simple ESTR, CDOR Loan Rate or the Central Bank Rate shall be 0.00%. 

“Foreign Benefit Plan” means each employee benefit plan (within the meaning of Section 3(3) of ERISA, whether or not
subject to ERISA) that is not subject to United States law and is sponsored, maintained or contributed to by any Loan Party or any ERISA Affiliate. 

“Foreign Borrower” means a Borrower that is not organized under the laws of a jurisdiction located in the United States of
America. 
 “Foreign Collateral Reallocation” has the meaning set forth in Section 5.10(b). 

“Foreign Currency Letter of Credit” means any Letter of Credit denominated in an Alternative Currency. 

“Foreign Deposit Obligations” means all Deposit Obligations to the extent the applicable Covered Party is a Foreign
Subsidiary. 

  
 CREDIT AGREEMENT, Page 35 












 “Foreign Lender” means any Lender that is organized under the laws of a
jurisdiction other than the United States of America, any State thereof or the District of Columbia. 
 “Foreign Loan Party
Obligations” means all obligations, indebtedness, and liabilities of the Foreign Subsidiary Loan Parties, or any one of them, to the Administrative Agent and the Lenders arising pursuant to any of the Loan Documents or under any Ancillary
Facilities Document, whether now existing or hereafter arising, whether direct, indirect, related, unrelated, fixed, contingent, liquidated, unliquidated, joint, several, or joint and several, including, without limitation, the obligation of the
Foreign Subsidiary Loan Parties to repay the Foreign Borrowers’ Loans, LC Disbursements and loans and other disbursements under any Ancillary Facility Document, interest on such Loans, LC Disbursements and loans and other disbursements under
any Ancillary Facility Document, and all fees, costs, and expenses (including reasonable attorneys’ fees and expenses) arising therefrom and provided for in the Loan Documents or under any Ancillary Facilities Document. 

“Foreign Obligations” means the Foreign Loan Party Obligations, Foreign Swap Obligations and Foreign Deposit Obligations.

 “Foreign Security Agreement” means each security, pledge or similar agreement pursuant to which the applicable Foreign
Subsidiary Loan Party grants a Lien on any of its assets to secure the Foreign Loan Party Obligations (or if applicable in the case of Foreign Subsidiaries incorporated in Canada or a province of Canada, the Obligations), in form and substance
reasonably acceptable to the Administrative Agent. 
 “Foreign Subsidiary” means any Subsidiary that is not a Domestic
Subsidiary. 
 “Foreign Subsidiary Loan Party” means any Foreign Subsidiary that is a Subsidiary Loan Party. 

“Foreign Swap Obligations” means all Swap Obligations to the extent the applicable Covered Party is a Foreign Subsidiary.

 “Fourth Amendment” means that certain Fourth Amendment to the Second Amended and Restated Credit Agreement, among the
Loan Parties, the Administrative Agent and the Lenders party thereto, dated December 16, 2016. 
 “Fourth Amendment
Date” means December 16, 2016. 
 “GAAP” means generally accepted accounting principles in the United States
of America. 

“German
Subsidiary Borrower” means Darling Ingredients Germany Holding GmbH, a limited liability company (Gesellschaft mit beschränkter Haftung) organized under the laws of the
Federal Republic of Germany, with business address at Engter Str. 101, 49191 Belm, Germany and registered with the commercial register (Handelsregister) at the local court (Amtsgericht) of Osnabrück,
Germany under registration number HRB 208356. 

“Governmental Authority” means the government of the United States of America, any other nation or 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. 

  
 CREDIT AGREEMENT, Page 36 












 “Group” means the Parent Borrower or any Restricted Subsidiary. 

“Guarantee” of or by any Person (the “guarantor”) means any obligation, contingent or otherwise, of the
guarantor guaranteeing or having the economic effect of guaranteeing any Indebtedness or other obligation (including any obligations under an operating lease) of any other Person (the “primary obligor”) in any manner, whether
directly or indirectly, and including any obligation of the guarantor, direct or indirect, (a) to purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness or other obligation or to purchase (or to advance or
supply funds for the purchase of) any security for the payment thereof, (b) to purchase or lease property, securities or services for the purpose of assuring the owner of such Indebtedness or other obligation (including any obligations under an
operating lease) of the payment thereof, (c) to maintain working capital, equity capital or any other financial statement condition or liquidity of the primary obligor so as to enable the primary obligor to pay such Indebtedness or other
obligation or (d) as an account party in respect of any letter of credit or letter of guaranty issued to support such Indebtedness or obligation; provided, that the term Guarantee shall not include endorsements for collection or deposit
in the ordinary course of business. 
 “Guaranty Agreement” means (i) in the case of the Parent Borrower and any
Domestic Subsidiary Loan Party, the guaranty agreement of the Loan Parties in respect of the Obligations (and/or the Foreign Obligations as set forth therein) in the form of Exhibit B hereto and (ii) in the case of any Foreign Subsidiary
Loan Party, a guaranty agreement in a form substantially similar to Exhibit B giving effect to the Agreed Security Principles. 

“Hazardous Materials” means any material, substance or waste regulated pursuant to or that could give rise to liability
under, or classified, characterized or regulated as “hazardous,” “toxic,” “radioactive” or a “pollutant” or contaminant under, Environmental Laws, including petroleum or petroleum distillates, asbestos or
asbestos containing materials, polychlorinated biphenyls, and infectious or medical wastes. 
 “Immaterial Subsidiary”
means, any Restricted Subsidiary of the Parent Borrower, the Adjusted EBITDA of which for the 4 fiscal quarter period ended most recently, shall not exceed 5% of the Adjusted EBITDA of the Parent Borrower and its Subsidiaries taken as a whole;
provided the Adjusted EBITDA of the Immaterial Subsidiaries, collectively, for the 4 fiscal quarter period ended most recently prior to any date of determination shall not exceed 15% of the Adjusted EBITDA of the Parent Borrower and its
Subsidiaries taken as a whole.
AsWithout
limiting the foregoing, as of the SixthSeventh Amendment Date,
Bio-Energy Products LLC, a Delaware limited liability company, Darling Fresno Lending Inc., a Delaware corporation and EV Acquisition, LLC, an Arkansas limited liability company have each been designated as an
Immaterial Subsidiary. 
 “Increased Amount Date” has the meaning set forth in
Section 2.20(a). 
 “Incremental Amount” means, at any time, 

  
 CREDIT AGREEMENT, Page 37 












 (a) an amount equal to the greater of (i) $525,000,000820,000,000
 and (ii) 100% of Adjusted EBITDA for the four fiscal quarter period most recently ended for which financial statements have been delivered pursuant to Section 5.01
(the “Fixed Incremental Amount”) plus 
 (b) unlimited amounts if, after giving effect to the incurrence of any
Incremental Facilities (which for this purpose will be deemed to include the full amount of any Incremental Revolving Facility assuming the full amount of such increase had been drawn and/or the full amount of such facility was drawn), the Parent
Borrower is in compliance, on a Pro Forma Basis, (i) if such Incremental Facility or Incremental Equivalent Debt is secured by a Lien that is pari passu with the Lien on the Collateral securing the Credit Facilities outstanding on the SixthSeventh Amendment Date, the First Lien Leverage Ratio does not exceed 4.00:1.00, (ii) if such Incremental Facility or Incremental Equivalent Debt is secured by a Lien that is junior to the Lien on the Collateral securing
the Credit Facilities outstanding on the
SixthSeventh
 Amendment Date, the Secured Leverage Ratio does not exceed 4.00:1.00 and (iii) if such Incremental Facility or Incremental Equivalent Debt is unsecured, the Total Leverage Ratio does not exceed
5.50:1.00 (the “Ratio-Based Incremental Amount”) plus 
 (c)(i) the amount of any optional prepayment of any Term
Loan in accordance with Section 2.11(a) and/or the amount of any permanent reduction of any Revolving Commitment (and any other commitment established hereunder after the SixthSeventh Amendment Date, other than a permanent reduction as the result of the funding of such commitment), (ii) the amount paid in cash in respect of any reduction in the outstanding amount of any Term Loan resulting
from any assignment of such Term Loan to (and/or purchase of such Term Loan by) the Parent Borrower or any Restricted Subsidiary so long as the relevant prepayment or assignment and/or purchase was not funded with the proceeds of any long-term
Indebtedness (other than revolving Indebtedness) incurred by the Parent Borrower or its Restricted Subsidiaries and (iii) in the case of any Incremental Facility that effectively replaces any Revolving Commitment (and any other commitment
established hereunder after the
SixthSeventh
 Amendment Date, prior to the funding of such commitment) terminated or any Term Loan repaid pursuant to Section 2.19, an amount equal to the relevant terminated Revolving
Commitment or such other commitment or Term Loans so prepaid; 
 it being understood and agreed that unless the Parent Borrower otherwise notifies
the Administrative Agent (w) the Parent Borrower shall be deemed to have used amounts under clause (c) prior to utilization of amounts under clause (a) or (b), (x) if all or any portion
of the Incremental Facility and/or Incremental Equivalent Debt would be permitted under clause (b) of this definition on the applicable date of determination, such Incremental Facility and/or Incremental Equivalent Debt
shall be deemed to have been incurred in reliance on clause (b) of this definition prior to the utilization of any amount available under clause (a) and (y) amounts may be incurred under both
clauses (a) and (b), and proceeds from any such incurrence may be utilized in a single transaction by first calculating the incurrence under clause (b) above and then calculating the
incurrence under clause (a) above. 
 For the avoidance of doubt, the amount in clauses (a) and
(c) above shall be reduced by the aggregate amount of all Incremental Term Loans made plus all Incremental Revolving Commitments established prior to such time pursuant to Section 2.20(a) and any Indebtedness
incurred under Section 6.01(bb), in each case in reliance on such clause (a) or (c), as applicable. 

  
 CREDIT AGREEMENT, Page 38 












 “Incremental Assumption Agreement” means an Incremental Assumption
Agreement in form and substance reasonably satisfactory to the Administrative Agent and the Parent Borrower, among the applicable Borrower(s), the Administrative Agent and one or more Incremental Term Lenders and/or Incremental Revolving Lenders.

 “Incremental Equivalent Debt” has the meaning set forth in Section 6.01(bb). 

“Incremental Facility” means any facility established by the Lenders pursuant to Section 2.20. 

“Incremental Facility Activation Notice” means a notice substantially in the form of Exhibit E. 

“Incremental Loans” has the meaning set forth in Section 2.20(a). 

“Incremental Revolving Commitment” means the Revolving Commitment, or if applicable, additional revolving commitments under
this Agreement, of any Lender, established pursuant to Section 2.20, to make Incremental Revolving Loans (and other revolving credit exposure available) to a Borrower. 

“Incremental Revolving Facility” has the meaning set forth in Section 2.20(a) 

“Incremental Revolving Lender” means a Lender with an Incremental Revolving Commitment or an outstanding Incremental
Revolving Loan. 
 “Incremental Revolving Loans” means the Revolving Loans made by one or more Lenders to a Borrower
pursuant to Section 2.20. 
 “Incremental Term Facility” has the meaning set forth in
Section 2.20(a). 
 “Incremental Term Lender” means each Lender which holds an Incremental Term
Loan. 
 “Incremental Term Loans” means the Term Loans made by one or more Lenders to a Borrower pursuant to
Section 2.20. 
 “Incurrence-Based Amounts” has the meaning set forth in
Section 1.10(gf). 
 “Indebtedness” of any Person means, without duplication,
(a) all obligations of such Person for borrowed money; (b) all obligations of such Person evidenced by bonds, debentures, notes or similar instruments; (c) all obligations of such Person under conditional sale or other title retention
agreements relating to property acquired by such Person (other than customary reservations or retention of title under agreements with suppliers in the ordinary course of business); (d) all obligations of such Person in respect of the deferred
purchase price of property (excluding (i) accrued expenses, trade payables or similar obligations, (ii) earn-out or similar obligations until such obligation becomes a liability on the balance sheet
(other than footnotes thereto) in accordance with GAAP and is not paid within thirty (30) days of the date when due and (iii) in connection with purchase price hold-backs in the ordinary course of business) which purchase price is due more
than six months after the date of placing such property in service or taking delivery of title thereto; (e) all Indebtedness of others secured by any Lien on property owned or acquired 

  
 CREDIT AGREEMENT, Page 39 












 
by such Person, whether or not the Indebtedness secured thereby has been assumed; provided that the amount of such Indebtedness will be the lesser of (i) the fair market value of such
asset as determined by such Person in good faith on the date of determination and (ii) the amount of such Indebtedness of other Persons; (f) all Capital Lease Obligations of such Person; (g) all obligations, contingent or otherwise,
of such Person as an account party relative to the face amount in respect of letters of credit, bankers’ acceptances or other similar instruments; (h) all obligations of such Person in respect of mandatory redemption or cash mandatory
dividend rights on Disqualified Equity Interests; (i) all obligations of such Person under any Swap Agreement; and (j) all Guarantees by such Person in respect of the foregoing clauses (a) through (i). 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 provide that such Person is not liable therefor. The amount of the obligations of any Person in respect of any Swap Agreement shall, at any time of
determination and for all purposes under this Agreement, be the maximum aggregate amount (giving effect to any netting agreements) that any Person would be required to pay if such Swap Agreement were terminated at such time giving effect to current
market conditions notwithstanding any contrary treatment in accordance with GAAP. For purposes of clarity and avoidance of doubt, (i) any joint and several tax liabilities arising by operation of consolidated return, fiscal unity or similar
provisions of applicable law shall not constitute Indebtedness for purposes hereof and (ii) obligations which would otherwise constitute Indebtedness but which have been cash collateralized or amounts for the repayment thereof placed in escrow
or otherwise deposited in defeasance or discharge of such obligations shall not constitute Indebtedness to the extent of such cash collateral or amounts escrowed or otherwise deposited in defeasance or discharge thereof. 

“Indemnified Taxes” means Taxes other than Excluded Taxes. 

“Inside
Maturity Amount” means an aggregate principal amount of Incremental Facilities and/or Incremental Equivalent Debt equal to (a) the greater of (1) $525,000,000 and (2) 70% of Adjusted EBITDA of the last day of the most recent four
(4) fiscal quarter period then ended for which financial statements have been delivered pursuant to Section 5.01(a) or (b), minus (b) to the extent previously or simultaneously incurred, the aggregate principal amount of all
Incremental Facilities and/or Incremental Equivalent Debt incurred or issued in reliance on the Inside Maturity Amount. 

“Insolvent” with respect to any Multiemployer Plan, means the condition that such Multiemployer Plan is insolvent within the
meaning of Section 4245 of ERISA. 
 “Interest Charges” means for any period, the sum of the following for the Parent
Borrower and the Restricted Subsidiaries calculated on a consolidated basis in accordance with GAAP without duplication for such period: (a) the aggregate amount of interest, including payments in the nature of interest under Capital Lease
Obligations, paid in cash but excluding (i) any non-cash interest expense attributable to the movement in the mark to market valuation of Swap Agreements or other derivative instruments pursuant to GAAP,
amortization of deferred financing fees, debt issuance costs, commissions, fees and expenses, (ii) any expensing of bridge, commitment and other financing fees, (iii) costs in connection with the Original Transactions and the Transactions
and any annual administrative or other agency fees and (iv) any discount, yield and/or interest component in respect of (A) any Receivables Facility and/or (B) any incentive, supplier finance or similar program entered into in the
ordinary course of business; plus (b) on a pro forma basis calculated in the manner described in Section 1.10, the Interest Charges pursuant to 

  
 CREDIT AGREEMENT, Page 40 












 
clause (a) above of each Prior Target (or, as applicable, the Interest Charges pursuant to clause (a) above of a Prior Target specifically
attributable to the assets acquired from such Prior Target and continuing after such acquisition), with pro forma adjustment thereto to reflect the incurrence of any additional or replacement Indebtedness in connection with the acquisition of such
Prior Target or assets (determined at the prevailing interest rate on such Indebtedness on the date incurred) and the payment of any Indebtedness of such Prior Target in connection with such acquisition, for any portion of such period occurring
prior to the date of the acquisition of such Prior Target (or the related assets, as the case may be); minus (c) the Interest Charges of each Prior Company pursuant to clause (a) above and, as applicable but
without duplication, the Interest Charges pursuant to clause (a) above of the Parent Borrower and each Restricted Subsidiary specifically attributable to all Prior Assets, with pro forma adjustment thereto to reflect the
assumption, repayment or retirement of Indebtedness of the Parent Borrower or its Restricted Subsidiaries in connection with the disposal of such Prior Company or Prior Assets, in each case for any portion of such period occurring prior to the date
of the disposal of such Prior Companies or Prior Assets and calculated in the manner described in Section 1.10. 

“Interest Coverage Ratio” means, as of the end of any fiscal quarter, the ratio of: 

(a) Adjusted EBITDA for Parent Borrower and the Restricted Subsidiaries calculated on a consolidated basis in accordance with
GAAP for the period of four (4) consecutive fiscal quarters then ended, to 
 (b) Interest Charges for the period of
four (4) consecutive fiscal quarters then ended. 
 “Interest Election Request” means a request by the applicable
Borrower to convert or continue a Revolving Borrowing or Term Borrowing in accordance with Section 2.07. 

“Interest Payment Date” means (a) with respect to any ABR Loan (other than a Swingline Loan), the last day of each
March, June, September and December, (b) with respect to any Eurodollar Loan or CDOR RateTerm Benchmark Loan, the last day of the Interest Period applicable to
the Borrowing of which such Loan is a part and, in the case of a Eurodollar Borrowing or CDOR Rate BorrowingLoan or Term Benchmark Loan with an Interest Period of more than three
months’ duration, each day prior to the last day of such Interest Period that occurs at intervals of three months’ duration after the first day of such Interest Period, and
(c) with respect to any SONIA Loan or RFR Loan,
each date that is on the numerically corresponding day in each calendar month that is one month after the date of the Borrowing of which such Loan is a part (or, if there is no such numerically corresponding day in such month, then the last day of
such month) and (d) with respect to any Swingline Loan, the day that such Loan is required to be repaid. 

“Interest Period” means with respect to any Eurodollar Borrowing or CDOR RateTerm
Benchmark Borrowing, the period commencing on the date of such Borrowing and ending on the numerically corresponding day in the calendar month that is one, (only with respect to the CDOR Rate) two, three or (except with respect to the CDOR Rate) six months thereafter (in each case, subject to the availability for the Benchmark applicable to the relevant Loan or Commitment for any Agreed
Currency), as the applicable Borrower may elect or, or, solely with respect to any Eurodollar Borrowing, twelve months if
requested by the applicable Borrower and available to from all applicable Lenders,; provided, that (a) if any Interest Period would end on a day other than a Business Day, such Interest Period shall be extended to the next succeeding Business Day unless, such next succeeding Business
Day would fall in the next calendar month, 

  
 CREDIT AGREEMENT, Page 41 












 
in which case such Interest Period shall end on the next preceding Business Day and, (b) any Interest Period that commences on the last Business Day
of a calendar month (or on a day for which there is no numerically corresponding day in the last calendar month of such Interest Period) shall end on the last Business Day of the last calendar month of such Interest Period and (c) no tenor that has been removed from this definition pursuant to Section 2.14(c)(iv) shall be available for
specification in such Borrowing Request. For purposes hereof, the date of a Borrowing initially shall be the date on which such Borrowing is made and thereafter shall be the effective date of the
most recent conversion or continuation of such Borrowing. 
 “Interpolated Rate” has the meaning set forth in the
definition of “LIBO Rate”. 
 “Investment” has the meaning set forth in Section 6.04.

 “Investment Grade Rating” means (x) (i) the Parent Borrower’s corporate credit rating is equal to or higher
than BBB- by S&P, (ii) the Parent Borrower’s corporate family rating is equal to or higher than Baa3 by Moody’s and (iii) the Parent Borrower’s corporate credit rating is equal to or higher than BBB- by Fitch or (y) if S&P, Moody’s or Fitch cease to provide ratings and have been replace with another Rating Agency pursuant to clause (y) of the definition of Rating
Agency, an equivalent rating by such other replacement Rating Agency. 
 “Investment Purpose” means the financing (or refinancing) of investments by any Loan Party that satisfy both of the
following criteria: (a) such investments are (or were) made in order to allow existing facilities of the Loan Parties to utilize waste and waste products (including animal by-products and used cooking
oil) as inputs for their operations including, without limitation, to reimburse the Borrower and its domestic subsidiaries for capital expenditures made on or prior to, or after, the Closing Date and (b) such investments are (or were) made in
facilities that are located in rural areas with populations of no more than 20,000. 

“ISDA
CDS Definitions” has the meaning specified in Section 10.24. 

“Issuing Bank” means JPMorgan Chase Bank, N.A., Bank of America, N.A., Bank of Montreal, Bank of the West, Citibank, N.A. and
PNC Bank, National Association, and, with respect to any Letters of Credit described on Schedule 1.01 and outstanding on the EffectiveSeventh Amendment Date, Comerica Bank and TD Bank, N.A., each in its
capacity as the issuer of Letters of Credit hereunder, and its successors in such capacity as provided in Section 2.05(i). The Issuing Bank may, in its discretion, arrange for one or more Letters of Credit to be issued by
Affiliates of the Issuing Bank and the Borrowers may, in their discretion, arrange for one or more Letters of Credit to be issued by one or more of the other Revolving Lenders. In the event an Affiliate or other Revolving Lender issues a Letter of
Credit hereunder under the terms of the foregoing sentence, the term “Issuing Bank” shall include any such Affiliate or Revolving Lender with respect to Letters of Credit issued by such Affiliate or Revolving Lender, as applicable.

 “Issuing Bank Sublimit” means, with respect to each Issuing Bank, the amount set forth opposite such Issuing
Bank’s name on Schedule 2.01 (as in effect on the
SixthSeventh
 Amendment Date) under the caption “Issuing Bank Sublimit,” as such amount may be adjusted from time to time in accordance with this Agreement. The Issuing Bank Sublimit of any Issuing Bank as set
forth on Schedule 2.01 may be increased or decreased by the mutual written agreement of the Parent Borrower and the affected Issuing Bank (and notified to the Administrative Agent). 

  
 CREDIT AGREEMENT, Page 42 












 “Judgment Currency” has the meaning set forth in
Section 1.06(h). 
 “Latest Maturity Date” means, as of any date of determination, the latest
maturity or expiration date applicable to any Loan or commitment hereunder at such time, including the latest maturity or expiration date of any then existing Term Loan, Incremental Term Loan, Revolving Commitment, Incremental Revolving Commitment,
Refinancing Note or Refinancing Junior Loan. 
 “LC Disbursement” means a payment made by the Issuing Bank pursuant to a
Letter of Credit. 
 “LC Exposure” means, at any time, the sum of (a) the Dollar Equivalent of the aggregate undrawn
amount of all outstanding Letters of Credit at such time plus (b) the Dollar Equivalent of the aggregate amount of all LC Disbursements that have not yet been reimbursed by or on behalf of the Borrowers at such time. The LC Exposure of any
Revolving Lender at any time shall be its Applicable Percentage (or in the case of Letters of Credit denominated in an Alternative Currency, USD/Multicurrency Applicable Percentage) of the total LC Exposure at such time. 

“LC Reserve Account” has the meaning set forth in Section 11.02(a). 

“LCALCT Election” has the meaning set forth in
Section 1.10(c). 

“LCALCT Test Time” has the meaning set forth in
Section 1.10(c). 
 “Lender-Related Person” has the meaning assigned to it in
Section 10.14. 
 “Lenders” means (a) for all purposes, the Persons listed on Schedule
2.01 and any other Person that shall have become a party hereto pursuant to an Incremental Assumption Agreement or an Assignment and Assumption, other than any such Person that ceases to be a party hereto pursuant to an Assignment and Assumption
or otherwise and (b) for purposes of the definitions of “Swap Obligations”, “Deposit Obligations” and “Secured Parties” only, shall include any Person who was a Lender or an Affiliate of a Lender at the time a Swap
Agreement or Deposit Obligation was entered into by one or more of the Covered Parties, even though, at a later time of determination, such Person no longer holds any Commitments or Loans hereunder. Unless the context otherwise requires, the term
“Lenders” includes the Swingline Lender. As a result of clause (b) of this definition, the Swap Obligations and Deposit Obligations owed to a Lender or its Affiliates shall continue to be “Swap
Obligations” and “Deposit Obligations”, respectively, entitled to share in the benefits of the Collateral as herein provided, even though such Lender ceases to be a party hereto pursuant to an Assignment and Assumption or otherwise.

 “Letter of Credit” means any letter of credit issued pursuant to this Agreement and any letter of credit described on
Schedule 1.01 and outstanding on the
EffectiveSeventh
Amendment Date. 
 “Letter of Credit Sublimit” means, at any
time, an amount equal to the lesser of (a) $50,000,000, as such amount may be increased to an amount not to exceed $150,000,000 to the extent requested by the Parent Borrower and consented to by any Issuing Bank (with notice to the Administrative
Agent), that is willing to provide a Letter of Credit in excess of its then existing Issuing Bank Sublimit and in excess of the then existing Letter of Credit Sublimit and (b) the aggregate amount of the Revolving Commitments as in effect at
such time. The Letter of Credit Sublimit is part of, and not in addition to, the Revolving Facility. 

  
 CREDIT AGREEMENT, Page 43 













“Liabilities”
 means any losses, claims (including intraparty claims), damages or liabilities of any kind. 

“LIBO Rate” means, with respect to any Eurodollar Borrowing denominated in any Agreed Currency and for any Interest Period,
(i) to the extent denominated in dollars, the London interbank offered rate as administered by the 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 pages LIBOR01 or LIBOR02 of the Reuters Screen, (ii) to the extent denominated in Euro, the euro interbank offered rate administered by the Banking Federation of the European Union (or any other person which
takes over the administration of that rate) for the relevant period displayed on page EURIBOR01 of the Reuters screen and (iii) to the extent denominated in any Alternative Currency (other than Canadian Dollars), the London interbank offered
rate as administered by ICE Benchmark Administration (or any other Person that takes over the administration of such rate) for such currency for a period equal in length to such Interest Period as displayed on the applicable Reuters Screen; (or, in each case 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; in each case, the “Screen Rate”) at approximately 11:00 A.M., London time, two (2) Business Days prior to the commencement of such Interest Period (or, with respect to Borrowings in Sterling, on the first Business
Day of such Interest Period); provided, that, if the Screen Rate shall not be available at such time for such Interest Period (an “Impacted Interest Period”) with respect to the applicable currency, then the LIBO Rate shall
be the Interpolated Rate at such time. “Interpolated Rate” means, at any time, with respect to any Eurodollar Borrowing denominated in any Agreed Currency and for any Interest Period, the rate per annum (rounded to the same number
of decimal places as the 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
Screen Rate for the longest period (for which that Screen Rate is available in the applicable Agreed Currency) that is shorter than the Impacted Interest Period and (b) the Screen Rate for the shortest period (for which that Screen Rate is
available for the applicable Agreed Currency) that exceeds the Impacted Interest Period, in each case, at such time; provided that if the LIBO Rate (or any Interpolated Rate) is less than zero, such rate shall be deemed zero for purposes of
this Agreement. 
 “Liabilities” means
any losses, claims (including intraparty claims), damages or liabilities of any kind. 

“Lien” means any mortgage, pledge, security interest, encumbrance, hypothecation, lien or charge of any kind in the nature of
security (including any conditional sale agreement, title retention agreement or lease in the nature thereof); provided that in no event shall an operating lease be deemed to constitute a Lien. 

“Limited Condition Acquisition” means any acquisition or similar Investment permitted
pursuant to this Agreement the consummation of which is not conditioned on the availability of, or on obtaining, third party financing, other than any acquisition of, or similar Investment in, any Unrestricted Subsidiary.Transaction” has the meaning set forth in
Section 1.10(c). 

  
 CREDIT AGREEMENT, Page 44 












 “Loan Documents” means this Agreement, the Guaranty Agreement, the U.S.
Security Agreement (other than during a Collateral Suspension Period), the Canadian Security Agreement (other than during a Collateral Suspension Period), any promissory note delivered pursuant to Section 2.09(e) and any
other document or instrument designated by the Parent Borrower and the Administrative Agent as a “Loan Document”. 
 “Loan
Obligations” means all obligations, indebtedness, and liabilities of the Loan Parties, or any one of them, to the Administrative Agent and the Lenders arising pursuant to any of the Loan Documents or under any Ancillary Facility Document,
whether now existing or hereafter arising, whether direct, indirect, related, unrelated, fixed, contingent, liquidated, unliquidated, joint, several, or joint and several, including, without limitation, the obligation of the Loan Parties to repay
the Loans, the LC Disbursements and loans and other disbursements under any Ancillary Facility Document, interest on the Loans, LC Disbursements and loans and other disbursements under any Ancillary Facility Document, and all fees, costs, and
expenses (including reasonable attorneys’ fees and expenses) provided for in the Loan Documents or under any Ancillary Facility Document. 

“Loan Parties” means, collectively, the Borrowers and the Subsidiary Loan Parties. 

“Loans” means the loans made by the Lenders to the Borrowers pursuant to this Agreement. 

“Local Time” means, with respect to any extensions of credit hereunder denominated in dollars, Chicago time, with respect to
any extensions of credit hereunder denominated in Canadian Dollars, Toronto time, with respect to any extensions of credit hereunder denominated in Euro
or Sterling, London time and with respect to any extensions of
credit hereunder denominated in any other Alternative Currency, as agreed by the Administrative Agent and the Parent Borrower. 

“Material Adverse Effect” means a material and adverse effect on (a) the business, assets, property, financial condition
or results of operations of the Parent Borrower and the Restricted Subsidiaries, taken as a whole, (b) the validity or enforceability of any of the Loan Documents or (c) the rights of or remedies available to the Administrative Agent or
any of the Lenders under any Loan Document. 
 “Material Indebtedness” means Indebtedness (other than the Loans and Letters
of Credit but including, without limitation, obligations in respect of one or more Swap Agreements) of any one or more of the Parent Borrower and the Restricted Subsidiaries with an aggregate outstanding principal amount (or termination value
payable by the Parent Borrower or any Restricted Subsidiary) exceeding the greater of $100,000,000120,000,000 and 2.0% of Consolidated Total Assets. 

“Moody’s” means Moody’s Investors Service, Inc., or any successor to the rating agency business thereof. 

“Multicurrency LC Exposure” means, at any time, the sum of (a) the Dollar Equivalent of the aggregate undrawn amount of
all outstanding Letters of Credit denominated in Alternative Currencies at such time plus (b) the Dollar Equivalent of the aggregate amount of all LC Disbursements in respect of such Letters of Credit denominated in Alternative Currencies that
have not yet been reimbursed by or on behalf of any of the Borrowers at such time. The Multicurrency LC Exposure of any Revolving Lender at any time shall be its USD/Multicurrency Applicable Percentage of the total Multicurrency LC Exposure at such
time. 
  

  
 CREDIT AGREEMENT, Page 45 












 “Multicurrency Revolving Loans” means the revolving loans denominated in
Alternative Currencies made by Lenders holding USD/Multicurrency Revolving Commitments under Section 2.01. 

“Multiemployer Plan” means a multiemployer plan as defined in Section 4001(a)(3) of ERISA to which a Loan Party or any
of its ERISA Affiliate contributes, is required to contribute or
couldwould reasonably be expected to have any
liability. 
 “Net Proceeds” means, with respect to any Prepayment Event (or, for purposes of the Available Amount,
the issuance of Equity Interests) (a) the cash proceeds received in respect of such event including (i) any cash received in respect of any non-cash proceeds, but only as and when received,
(ii) in the case of a casualty, insurance proceeds, and (iii) in the case of a condemnation or similar event, condemnation awards and similar payments, net of (b) the sum of (i) all fees and out-of-pocket expenses (including underwriting discounts, investment banking fees, commissions, collection expenses and other customary transaction costs) paid or reasonably estimated to be payable by the
Parent Borrower and the Restricted Subsidiaries in connection with such event, (ii) in the case of a Disposition of an asset (including pursuant to a sale and leaseback transaction or a casualty or a condemnation or similar proceeding), the
amount of all payments made by the Parent Borrower and the Restricted Subsidiaries as a result of such event to repay Indebtedness (other than Loans) secured by such asset or otherwise subject to mandatory prepayment as a result of such event, and
(iii) the amount of all taxes paid (or reasonably estimated to be payable) by the Parent Borrower and the Restricted Subsidiaries, and the amount of any reserves established by the Parent Borrower and the Restricted Subsidiaries to fund
contingent liabilities reasonably estimated to be payable, in each case that are directly attributable to such event (as determined reasonably and in good faith by a Financial Officer of the Parent Borrower). 

“Net
Short Lender” has the meaning set forth in Section 10.24. 

“New Security Documents” has the meaning
specifiedset
forth in Section 5.11(b). 
 “Non-consenting Lender” has the meaning set forth in Section 2.19(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. (New York City time) on such day received toby the Administrative Agent from a Federal funds broker of recognized
standing selected by it; provided, further, that if any of the aforesaid rates shall be less than zero, such rate shall be deemed to be zero for purposes of this Agreement. 

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

  
 CREDIT AGREEMENT, Page 46 












 “Obligations” means all Loan Obligations, the Swap Obligations and all
Deposit Obligations. 
 “OFAC” has the meaning set forth in Section 3.18(b). 

“Overnight Bank Funding Rate” means, for any day, the rate comprised of both overnight federal funds and overnight eurodollar
borrowingstransactions denominated
 in dollars by U.S.-managed banking offices of depository institutions (, as such composite rate shall be determined by the NYFRB as set forth
on its public
websitethe NYFRB’s Website from time to
time),
 and published on the next succeeding Business Day by the NYFRB as an overnight bank funding rate (from and after such date as the NYFRB shall commence to publish such composite rate). 

“Original Transaction” means the “Transactions” as defined in this Agreement immediately prior to giving effect to
the
SixthSeventh
 Amendment. 
 “Other Taxes” means any and all present or future stamp or
documentary taxes or any other excise or property taxes, charges or similar levies arising from any payment made under any Loan Document or from the execution, delivery or enforcement of, or otherwise with respect to, any Loan Document including any
interest, additions to tax or penalties applicable thereto. 
 “Parent Borrower” means Darling Ingredients Inc., a Delaware
corporation. 
 “Parallel Debt” has the meaning set forth in Section 10.19(a). 

“Parallel Debt Loan Party” means any Loan Party that is party to a Loan Document providing for the granting of a Lien and
governed by the laws of Federal Republic of Germany, The
Netherlands or Belgium. 
 “Participant” has the meaning set forth in Section 10.04(c)(i).

 “Participant Register” has the meaning set forth in Section 10.04(c)(ii). 

“Participating Member State” means any member state of the European Union that has the Euro as its lawful currency in
accordance with legislation of the European Union relating to Economic and Monetary Union. 
 “Patriot Act” has the meaning
set forth in Section 10.18. 

“Payment”
 has the meaning set forth in Section 9.15(a). 
 “Payment Notice” has the meaning set forth in Section 9.15(b). 
 “PBGC” means the Pension Benefit Guaranty Corporation. 

“Pension Plan” means any Plan (other than a Multiemployer Plan) subject to the provisions of Title IV of ERISA or
Section 412 of the Code or Section 302 of ERISA. 

  
 CREDIT AGREEMENT, Page 47 












 “Permitted Acquisition” has the meaning set forth in
Section 6.04(1). 
 “Permitted Investments” means: 

(a) dollars, Euros, Canadian Dollars or the currency of any country having a credit rating of “A” (or the equivalent
thereof) or better from either S&P or Moody’s; 
 (b) securities issued or directly and fully guaranteed or insured
by the United States of America or the Government of Canada or any agency or instrumentality of the United States America or the Government of Canada (provided that the full faith and credit of the United States America or the Government of
Canada, as applicable, is pledged in support thereof), having maturities of not more than one year from the date of acquisition; 

(c) marketable general obligations issued by any state of the United States of America or province of Canada or any political
subdivision of any such state or province or any public instrumentality thereof maturing within one year from the date of acquisition thereof (provided that the full faith and credit of such state or province, as applicable, is pledged in
support thereof) and, at the time of acquisition, having a credit rating of “A” (or the equivalent thereof) or better from any of S&P or Moody’s; 

(d) certificates of deposit, time deposits, Eurodollar time deposits, overnight bank deposits or bankers’ acceptances
having maturities of not more than one year from the date of acquisition thereof issued by any commercial bank the long-term debt of which is rated at the time of acquisition thereof at least “A” (or
the equivalent thereof) by S&P or Moody’s, and having combined capital and surplus in excess of $500 million; 

(e) repurchase obligations with a term of not more than seven days for underlying securities of the types described in
clauses (b), (c) and (d) entered into with any bank meeting the qualifications specified in clause (d) above; 

(f) commercial paper rated at the time of acquisition thereof at least “A-1”
or the equivalent thereof by S&P or “P-1” or the equivalent thereof by Moody’s, or carrying an equivalent rating by a nationally recognized rating agency, if both of the two named rating
agencies cease publishing ratings of investments, and in any case maturing within one year after the date of acquisition thereof; and 

(g) interests in any investment company or money market fund which invests 95% or more of its assets in instruments of the type
specified in clauses (a) through (f) above. 
 In the case of Investments by (x) any Restricted
Subsidiary of the Parent Borrower that is not organized under the laws of the United States of America or any State thereof or the District of Columbia (but which may include Investments made indirectly by the Parent Borrower or any Domestic
Subsidiary), Permitted Investments shall also include investments of the type and maturity described in clauses (a) through (g) above of foreign obligors, which investments or obligors have the ratings described
in such clauses or equivalent ratings from comparable foreign rating agencies and (y) the Parent Borrower or any other Restricted Subsidiary, other currencies, to the extent obtained by the Parent Borrower or applicable


  
 CREDIT AGREEMENT, Page 48 












 
Restricted Subsidiary in the ordinary course of operations or for the purpose of consummating transactions otherwise permitted hereunder, and other short-term investments utilized by the Parent
Borrower or such Restricted Subsidiary in the ordinary course of business and in accordance with normal investment practices for cash management in investments substantially similar to the foregoing investments in
clauses (a) through (g) above. 
 “Permitted Refinancing Indebtedness” means any
Indebtedness issued in exchange for, or the net proceeds of which are used to refinance, replace, defease or refund (collectively, to “Refinance”), the Indebtedness being Refinanced (or previous refinancings thereof constituting
Permitted Refinancing Indebtedness); provided that (a) the principal amount (or accreted value, if applicable) of such Permitted Refinancing Indebtedness does not exceed the principal amount (or accreted value, if applicable) of the
Indebtedness so Refinanced (plus unpaid accrued interest and premium thereon, any committed or undrawn amounts and underwriting discounts, fees, commissions and expenses, associated with such Permitted Refinancing Indebtedness), except as otherwise
permitted under Section 6.01, (b) subject to exceptions customary for bridge financings (to the extent convertible on customary terms into a permanent instrument otherwise meeting the conditions in this
clause (b)), the final maturity date of such Permitted Refinancing Indebtedness is no earlier than the final maturity date of the Indebtedness being refinanced, (c) if the original Indebtedness being Refinanced is by
its terms subordinated in right of payment to the Obligations, such Permitted Refinancing Indebtedness shall be subordinated in right of payment to the Obligations on terms at least as favorable to the Lenders as those contained in the documentation
governing the Indebtedness being Refinanced, taken as a whole, (d) no Permitted Refinancing Indebtedness shall have obligors or contingent obligors that were not obligors or contingent obligors (or that would not have been required to become
obligors or contingent obligors) in respect of the Indebtedness being Refinanced except to the extent permitted under Section 6.04 and (e) if the Indebtedness being Refinanced is (or would have been required to be)
secured by any collateral of a Loan Party (whether equally and ratably with, or junior to, the Secured Parties or otherwise), such Permitted Refinancing Indebtedness may be secured by such collateral on terms no less favorable, taken as a whole, to
the Secured Parties than those contained in the documentation governing the Indebtedness being Refinanced, taken as a whole. 

“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 defined in
Section 3(3) of ERISA, including any employee welfare benefit plan (as defined in Section 3(1) of ERISA), any employee pension benefit plan (as defined in Section 3(2) of ERISA), and any plan which is both an employee welfare benefit
plan and an employee pension benefit plan, and in respect of which any Loan Party or, with respect to Title IV of ERISA only, any ERISA Affiliate is (or, if such Plan were terminated, would under Section 4062 or Section 4069 of ERISA be
deemed to be) an “employer” as defined in Section 3(5) of ERISA. 
 “Platform” means IntraLinks/IntraAgency,
SyndTrak or another relevant website or other information platform. 
 “PPSA” means the Personal Property Security
Act (Ontario), as amended from time to time, together with all regulations made thereunder; provided that, if perfection or the effect of perfection or non-perfection or the priority of any security
interest in any Collateral is governed by (i) a Personal Property Security Act as in effect in a Canadian jurisdiction other than Ontario, or (ii) the Civil Code of Quebec, “PPSA” means the Personal Property Security Act as in
effect from time to time in such other jurisdiction or the Civil Code of Québec, as applicable. 

  
 CREDIT AGREEMENT, Page 49 












 “Prepayment Event” means: 

(a) any Disposition (including pursuant to a sale and leaseback transaction) of any asset of the Parent Borrower or any
Restricted Subsidiary under Section 6.05(o) or (u); or 
 (b) any casualty or other damage
to, or any taking under power of eminent domain or by condemnation or similar proceeding of, any asset of the Parent Borrower or any Restricted Subsidiary; or 

(c) the incurrence by the Parent Borrower or any Restricted Subsidiary of any Indebtedness other than Indebtedness permitted
under Section 6.01 and Indebtedness incurred with the consent of the Required Lenders. 
 “Prime
Rate” means the rate of interest per annum publicly announced from time to time by JPMorgan Chase Bank, N.A. as its prime rate in effect at its principal office in New York City; each change in the Prime Rate shall be effective from and
including the date such change is publicly announced as being effective. 
 “Prior Assets” means assets comprising a
division or branch of Parent Borrower or a Restricted Subsidiary disposed of in a transaction in accordance with this Agreement which would not make the seller a “Prior Company”. 

“Prior Company” means any Restricted Subsidiary whose Equity Interests, or all or substantially all of whose assets have been
disposed of, in a transaction in accordance with this Agreement. 
 “Prior Target” means all Targets acquired or whose
assets have been acquired in a transaction permitted by Section 6.04. 
 “Pro Forma Basis” means,
with respect to any proposed incurrence, assumption or repayment of Indebtedness, acquisition or similar Investment, Disposition of all or substantially all of the assets or Equity Interests of any Subsidiary (or any business unit, line of business
or division of the Parent Borrower or any Restricted Subsidiary) not prohibited by this Agreement, Restricted Payment or payment made pursuant to Section 6.08(b), designation of any Subsidiary as a Restricted Subsidiary or
Unrestricted Subsidiary, as applicable, or other transaction or event requiring the calculation of a financial metric on a Pro Forma Basis, such financial metric calculated: (a) for the most recent four (4) fiscal quarter period then ended
for which internal financial statements have been prepared on a pro forma basis as if such incurrence, assumption or repayment of Indebtedness, acquisition or similar Investment, Disposition, Restricted Payment, payment made pursuant to
Section 6.08(b), Subsidiary designation or other transaction or event as applicable, had occurred as of the first day of such period,
including with respect to Adjusted EBITDA and the component definitions therein, (b) to include any Indebtedness incurred, assumed or repaid in connection therewith (assuming, to the extent such Indebtedness bears interest at a floating rate, the rate in effect at the time of calculation
for the entire period of calculation, taking into account any hedging arrangements), (c) based on the assumption that any such Disposition which occurred during such period occurred on the first day


  
 CREDIT AGREEMENT, Page 50 












 
of such period, (d) with respect to an acquisition or similar Investment, as if the Target were a “Prior Target” for purposes of calculating Adjusted EBITDA and (e) for
purposes of determining Consolidated Total Assets, the acquisition of any asset or the Disposition of any asset described herein (including, in each case, cash and Permitted Investments), shall be deemed to have occurred as of the last day of the
applicable fiscal period with respect to any test or covenant for which such calculation is being made. 
 “Pro Forma
Transaction” has the meaning set forth in Section 1.10(b). 
 “Prohibited Transaction”
has the meaning set forth in Section 406 of ERISA and Section 4975(c) of the Code. 
 “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. 
 “PWC
Steps Memo” means the memorandum entitled “Darling International Inc.: Project Seabiscuit – Acquisition Structuring” prepared by PriceWaterhouse Coopers LLP provided to the Administrative Agent in connection with the Original
Transactions. 
 “QFC” has the meaning assigned to the term “qualified financial contract” in, and shall be
interpreted in accordance with, 12 U.S.C. 5390(c)(8)(D). 
 “QFC Credit Support” has the meaning set forth in
Section 10.23. 
 “Qualified Equity Interests” means any Equity Interests that are not
Disqualified Equity Interests. 
 “Rating Agencies” means (x) (i) S&P, (ii) Moody’s and/or
(iii) Fitch or (y) if any of the Rating Agencies described in clause (x) shall not make a corporate family rating or a corporate credit rating for the Parent Borrower publicly available, a nationally recognized
statistical rating agency or agencies, as the case may be, selected by the Parent Borrower and reasonably satisfactory to the Administrative Agent, which shall be substituted for such Rating Agency described in clause (x)
that has not made a corporate family rating or a corporate credit rating for the Parent Borrower publicly available. 
 “Receivables
Assets” means any accounts receivable owed to the Parent Borrower or any Restricted Subsidiary (whether now existing or arising or acquired in the future) arising in the ordinary course of business from the sale of goods or services or
pursuant to any other contractual right, all collateral securing such accounts receivable, all contracts and contract rights and all guarantees or other obligations in respect of such accounts receivable, all proceeds of such accounts receivable and
other assets (including contract right, deposit accounts and securities accounts) which are of the type customarily transferred or in respect of which security interests are customarily granted in connection with Receivables Facilities and which, in
each case, are sold, conveyed, assigned or otherwise transferred or in which a security interest is granted by the Parent Borrower or a Restricted Subsidiary to either (a) a Person that is not a Subsidiary of the Parent Borrower or (b) a
Receivables Subsidiary that in turn sells, conveys, assigns, grants a security interest in or otherwise transfers such Receivables Assets to a Person that is not a Subsidiary of the Parent Borrower. 

  
 CREDIT AGREEMENT, Page 51 












 “Receivables Facility” means any of one or more receivables financing or
sale facilities (including, without limitation, a receivables financing facility structured as a securitization) as amended, supplemented, modified, extended, renewed, restated or refunded from time to time, all obligations in respect of which are
either (a) non-recourse (except for customary credit enhancement or risk retention arrangements, representations, warranties, guarantees, covenants and indemnities made in connection with such facilities)
to the Parent Borrower and all Restricted Subsidiaries (other than a Receivables Subsidiary) or (b) with recourse limited to the relevant Receivables Assets, in each case pursuant to which the Parent Borrower or any Restricted Subsidiary sells,
conveys, assigns, grants an interest in or otherwise transfers Receivables Assets to either (a) a Person that is not a Subsidiary of the Parent Borrower or (b) a Receivables Subsidiary that in turn sells, conveys, assigns, grants a
security interest in or otherwise transfers such Receivables Assets to a Person that is not a Subsidiary of the Parent Borrower; provided, that the aggregate principal amount of obligations outstanding under all Receivables Facilities shall
not exceed
$300,000,000500,000,000
 at any one time outstanding. 
 “Receivables Subsidiary” means
a special–purpose wholly owned Subsidiary of the Parent Borrower whose sole purpose is to purchase or otherwise receive interests in Receivables Assets from the Parent Borrower or any Restricted Subsidiaries and to resell, convey, assign, grant
a security interest in or otherwise transfer such Receivables Assets to a Person that is not a Subsidiary (other than another Receivables Subsidiary) of the Parent Borrower pursuant to a Receivables Facility and which engages in no other activities
other than the foregoing and other activities reasonably related thereto. 
 “Recipient” has the meaning set forth in
Section 2.17(h)(ii). 

“Reference
 Time” with respect to any setting of the then-current Benchmark means (a) if such Benchmark is the Term SOFR Rate, 5:00 a.m. (Chicago time) on the day that is two Business Days preceding the date of such setting, (b) if such
Benchmark is the EURIBOR Rate, 11:00 a.m. (Brussels time) on the day that is two TARGET Days preceding the date of such setting, (c) if such Benchmark is Daily Simple SONIA, then four Business Days prior to such setting, (d) if such
Benchmark is Daily Simple SOFR, then four Business Days prior to such setting or (e) if such Benchmark is none of the EURIBOR Rate, Term SOFR Rate, Daily Simple SONIA or Daily Simple SOFR, the time determined by the Administrative Agent in its
reasonable discretion. 
 “Refinancing Amendment” means an
amendment to this Agreement, in form and substance reasonably satisfactory to the Borrowers, the Administrative Agent and the Lenders providing Specified Refinancing Debt, effecting the incurrence of such Specified Refinancing Debt in accordance
with Section 2.22. 
 “Refinancing Junior Loans” means loans under credit or loan agreements that
are unsecured or secured by the Collateral of the relevant Loan Parties (or Collateral of a subset of the relevant Loan Parties) on a junior basis to the Credit Facilities, incurred in respect of a refinancing of outstanding Indebtedness of the
Borrowers under the Credit Facilities; provided that, (a) if such Refinancing Junior Loans shall be secured by a security interest in the Collateral, then such Refinancing Junior Loans shall be issued subject to customary intercreditor
arrangements that are reasonably satisfactory to the Administrative Agent; (b) subject to exceptions customary for bridge financings (to the extent convertible on customary terms into a permanent instrument otherwise meeting the conditions in
this clause (b)), no Refinancing Junior Loans shall mature prior to the final maturity date of the Indebtedness being refinanced, or have a weighted average life to maturity that is less than the weighted average life to
maturity of the Indebtedness being refinanced thereby (it being agreed, for the avoidance of doubt, that when calculating the weighted average 

  
 CREDIT AGREEMENT, Page 52 












 
life to maturity of such Indebtedness being refinanced, the effects of any amortization or prepayments made on such Indebtedness
vis-α-vis the amortization schedule prior to the date of the applicable refinancing shall be disregarded), (c) the borrower of the Refinancing Junior Loans shall be
the Borrower with respect to the Indebtedness being refinanced or the Parent Borrower; (d) such Refinancing Junior Loans shall have pricing (including interest, fees and premiums), optional prepayment and redemption terms as may be agreed to by
the Parent Borrower and the lenders party thereto; (e) the other terms (excluding those referenced in clauses (b) and (d) above) of such Refinancing Junior Loans shall not be materially more restrictive
(taken as a whole) than those with respect to the relevant Loans and Commitments being refinanced or replaced (as reasonably determined by the Parent Borrower in good faith, which determination shall be conclusive), except terms (i) applicable
only after the maturity date of the then outstanding Loans and Commitments or (ii) consistent with then-current market terms for the applicable type of Indebtedness (as reasonably determined by the Parent Borrower in good faith, which
determination shall be conclusive), provided that no financial maintenance covenant applicable to the Parent Borrower may be added to the Refinancing Junior Loans pursuant to this clause (e)(ii) without also being
included in this Agreement (which may be achieved by an amendment solely among the Parent Borrower and the Administrative Agent (and the Required Lenders hereby authorize the Administrative Agent to enter into such amendment)), and, for the
avoidance of doubt, it being understood that if such financial covenant is a “springing” financial maintenance covenant applicable only to revolving Indebtedness, such financial covenant shall be automatically included in this Agreement
only for the benefit of each Revolving Facility and not for the benefit of any Credit Facility in respect of Term Loans hereunder; provided further, that documentation governing any Refinancing Junior Loans may include such materially
more restrictive terms so long as the Administrative Agent shall have been given prompt written notice thereof and this Agreement is amended to include such terms for the benefit of the relevant Commitments and Loans (which may be achieved by an
amendment solely among the Parent Borrower and the Administrative Agent (and the Required Lenders hereby authorize the Administrative Agent to enter into such amendment)); (f) the Refinancing Junior Loans may not have guarantors, obligors or
security in any case more extensive than that which applied to the applicable Loans being so refinanced; and (g) the Net Cash Proceeds of such Refinancing Junior Loans shall be applied, substantially concurrently with the incurrence thereof, to
the pro rata prepayment of outstanding Loans under the applicable Class of Loans being so refinanced in accordance with Section 2.11. 

“Refinancing Junior Loans Agreements” means, collectively, the loan agreements, credit agreements or other similar agreements
pursuant to which any Refinancing Junior Loans are incurred, together with all instruments and other agreements in connection therewith, as amended, supplemented or otherwise modified from time to time in accordance with the terms thereof, but only
to the extent permitted under the terms of the Loan Documents. 
 “Refinancing Notes” means one or more series of
(i) senior unsecured notes or (ii) senior secured notes secured by the Collateral of the relevant Loan Parties (or Collateral of a subset of the relevant Loan Parties) (x) on an equal and ratable basis with the Credit Facilities or
(y) on a junior basis to the Credit Facilities (to the extent then secured by such Collateral) in each case issued in respect of a refinancing of outstanding Indebtedness of a Borrower under any one or more Classes of Term Loans;
provided that, (a) if such Refinancing Notes shall be secured by a security interest in the Collateral, then such Refinancing Notes shall be issued subject to customary intercreditor arrangements that are reasonably satisfactory to the
Administrative Agent; (b) subject to exceptions for bridge financings (to the extent convertible on customary terms into a permanent instrument otherwise meeting the conditions in this clause (b)), no Refinancing Notes
shall mature prior to the date that is after the final maturity date of, or have a weighted 

  
 CREDIT AGREEMENT, Page 53 












 
average life to maturity that is less than the weighted average life to maturity of, in each case, the Class of Term Loans being refinanced (it being agreed, for the avoidance of doubt, that
when calculating the weighted average life to maturity of such Indebtedness being refinanced, the effects of any amortization or prepayments made on such Indebtedness
vis-α-vis the amortization schedule prior to the date of the applicable refinancing shall be disregarded); (c) no Refinancing Notes shall be subject to any
amortization prior to the final maturity thereof, or be subject to any mandatory redemption or prepayment provisions or rights (except customary assets sale or change of control provisions); (d) such Refinancing Notes shall have pricing (including
interest, fees and premiums), optional prepayment and redemption terms as may be agreed to by the Parent Borrower and the lenders party thereto; (e) the other terms (excluding those referenced in clauses (b) and
(d) above) of such Refinancing Notes shall not be materially more restrictive (taken as a whole) than those with respect to the relevant Loans and Commitments being refinanced or replaced (as reasonably determined by the Parent Borrower
in good faith, which determination shall be conclusive), except terms (i) applicable only after the maturity date of the then outstanding Loans and Commitments, or (ii) consistent with then-current market terms for the applicable type of
Indebtedness (as reasonably determined by the Parent Borrower in good faith, which determination shall be conclusive), provided that no financial maintenance covenant applicable to the Parent Borrower may be added to the Refinancing Notes
pursuant to this clause (e)(ii) without also being included in this Agreement (which may be achieved by an amendment solely among the Parent Borrower and the Administrative Agent (and the Required Lenders hereby authorize
the Administrative Agent to enter into such amendment)), and, for the avoidance of doubt, it being understood that if such financial covenant is a “springing” financial covenant applicable only to revolving Indebtedness, such financial
covenant shall be automatically included in this Agreement only for the benefit of each Revolving Facility and not for the benefit of any Credit Facility in respect of Term Loans hereunder; provided further, that documentation
governing any Refinancing Notes may include such materially more restrictive terms so long as the Administrative Agent shall have been given prompt written notice thereof and this Agreement is amended to include such terms for the benefit of the
relevant Commitments and Loans (which may be achieved by an amendment solely among the Parent Borrower and the Administrative Agent (and the Required Lenders hereby authorize the Administrative Agent to enter into such amendment)); (f) the
Refinancing Notes may not have guarantors, obligors or security in any case more extensive than that which applied to the applicable Term Loans being so refinanced and the borrower of the Refinancing Notes shall be the Borrower with respect to the
Indebtedness being refinanced; and (g) the Net Cash Proceeds of such Refinancing Notes shall be applied, substantially concurrently with the incurrence thereof, to the pro rata prepayment of outstanding Term Loans under the applicable
Class of Term Loans being so refinanced in accordance with Section 2.11. 
 “Refinancing Notes
Indentures” means, collectively, the indentures or other similar agreements pursuant to which any Refinancing Notes are issued, together with all instruments and other agreements in connection therewith, as amended, supplemented or
otherwise modified from time to time in accordance with the terms thereof, but only to the extent permitted under the terms of the Loan Documents. 

“Register” has the meaning set forth in Section 10.04. 

“Regulated
 Bank” means (a) a U.S. depository institution the deposits of which are insured by the Federal Deposit Insurance Corporation, (b) a corporation organized under section 25A of the U.S. Federal Reserve Act of 1913, (c) a branch,
agency or commercial lending company of a foreign bank operating pursuant to approval by and under the supervision of the Board under 12 CFR part 211, (d) a non-U.S. branch of a foreign bank managed and
controlled by a U.S. branch referred to in clause (c), or (e) any other U.S. or non-U.S. depository institution or any branch, agency or similar office thereof supervised by a bank regulatory
authority in any jurisdiction. 

  
 CREDIT AGREEMENT, Page 54 












 “Related Business” means any business which is the same as or related,
ancillary or complementary to, or a reasonable extension or expansion of, any of the businesses of the Parent Borrower and its Restricted Subsidiaries on the
SixthSeventh
 Amendment Date, including, for the avoidance of doubt, any Renewable Diesel Joint Venture. 

“Related Business Assets” means any property, plant, equipment or other assets (excluding assets that are qualified as
current assets under GAAP) to be used or useful by the Parent Borrower or a Restricted Subsidiary in a Related Business or capital expenditures relating thereto. 

“Related Parties” means, with respect to any specified Person, such Person’s Affiliates and the respective partners,
directors, officers, employees, agents and advisors of such Person and such Person’s Affiliates. 
 “Relevant Governmental
Body” means (a) with respect to a Benchmark Replacement in respect of Loans denominated in dollars, the Federal Reserve
Board, the NYFRB and/or the NYFRBCME Term SOFR
Administrator, as applicable, or a committee officially endorsed or convened by the Federal Reserve Board and/or the NYFRB or, in each case, any successor thereto and, (b) with respect to a Benchmark Replacement in respect of Loans denominated in anySterling, the Bank of England, or a committee officially endorsed or convened by the Bank of England or, in each case, any
successor thereto, (c) 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, in each case, any successor
thereto, and (d) with respect to a Benchmark Replacement in respect of Loans denominated in any other Alternative Currency, (i) the central bank for the currency in which such Benchmark
Replacement is denominated or any central bank or other supervisor which is responsible for supervising either (A) such Benchmark Replacement or (B) the administrator of such Benchmark Replacement or (ii) any working group or
committee officially endorsed or convened by (A) the central bank for the currency in which such Benchmark Replacement is denominated, (B) any central bank or other supervisor that is responsible for supervising either (x) such
Benchmark Replacement or (y) the administrator of such Benchmark Replacement, (C) a group of those central banks or other supervisors or (D) the Financial Stability Board or any part thereof. 

“Relevant Party” has the meaning set forth in Section 2.17(h)(ii). 

“Relevant
 Rate” means (i) with respect to any Term Benchmark Borrowing denominated in dollars, the Adjusted Term SOFR Rate, (ii) with respect to any Term Benchmark Borrowing denominated in Euros, the Adjusted EURIBOR Rate, (iii) with
respect to any Term Benchmark Borrowing denominated in Canadian Dollars, the CDOR Loan Rate, (iv) with respect to any RFR Borrowing, the Adjusted Daily Simple SOFR, (v) with respect to any SONIA Borrowing, the Adjusted Daily Simple SONIA
or (vi) with respect to any Swingline Loan bearing interest based on Adjusted Daily Simple ESTR, the Adjusted Daily Simple ESTR, as applicable. 

  
 CREDIT AGREEMENT, Page 55 













“Relevant Screen
 Rate” means (i) with respect to any Term Benchmark Borrowing denominated in dollars, the Term SOFR Reference Rate, (ii) with respect to any Term Benchmark Borrowing denominated in Euros, the EURIBOR Screen Rate or (iii) with
respect to any Term Benchmark Borrowing denominated in Canadian Dollars, the CDOR Rate, as applicable. 

“Remaining Revolving Exposure” has the meaning set forth in Section 2.23(a). 

“Renewable Diesel Joint Venture” means one or more joint ventures formed in connection with the building and/or operation of
one or more renewable diesel facilities at various sites throughout the world, including (x) any Subsidiary thereof and (y) any Subsidiary that is a holding company through which the Parent Borrower or its Subsidiary holds its interests in
such joint ventures and, in the case of an Unrestricted Subsidiary, has no material assets or operations unrelated to such joint ventures. 

“Reportable Event” means any “reportable event,” as defined in Section 4043(c) of ERISA or the regulations
issued thereunder, other than those events as to which the 30-day notice period referred to in Section 4043(c) of ERISA has been waived, with respect to a Pension Plan. 

“Repricing Transaction” means the voluntary prepayment, refinancing, substitution or replacement (pursuant to
Section 2.11(a) or, solely in the case of a Prepayment Event arising from the incurrence of Indebtedness refinancing the Term B Loans, Section 2.11(c)) of all or a portion of the Term B Loans with
the incurrence by the Parent Borrower or any of its Subsidiaries of any secured term loans with the primary purpose of having an effective interest cost or weighted average yield (with the comparative determinations to be made consistent with
generally accepted financial practices, after giving effect to margin, interest rate floors, upfront fees or original issue discount paid or payable (based on a four (4)-year average life to maturity or, if less, the remaining life to maturity) to
all providers of such financing, but excluding the effect of any arrangement, commitment, structuring, syndication or underwriting and any amendment fees payable in connection therewith that are not required to be shared with all providers of such
financing, and without taking into account any fluctuations in the Eurodollar Rate) that is less than the effective interest cost or weighted average yield (as determined on the same basis) of such Term B Loans, including without limitation, as may
be effected through any amendment to this Agreement relating to the interest rate for, or weighted average yield of, such Term B Loans (in any case, other than in connection with a Change in Control). 

“Required Lenders” means, at any time, Lenders having Revolving Exposures, Term Loans and unused Commitments representing
more than 50% of the sum of the total Revolving Exposures, outstanding Term Loans and unused Commitments at such time. 
 “Required
RC Lenders” means, at any time, Lenders having Revolving Exposures and unused Commitments in respect thereof representing more than 50% of the sum of the total Revolving Exposures and unused Commitments in respect thereof at such time. 

“Required
 TLA/RC Lenders” means, at any time, Lenders having Revolving Exposures, Term A Loans and unused Commitments in respect thereof representing more than 50% of the sum of the total Revolving Exposures, outstanding Term A Loans and unused
Commitments in respect thereof at such time. 
 “Required TLB
Lenders” means, at any time, Lenders having Term B Loans and unused Commitments in respect thereof representing more than 50% of the sum of the total outstanding Term B Loans and unused Commitments in respect thereof at such time. 

  
 CREDIT AGREEMENT, Page 56 












 “Resolution Authority” means an EEA Resolution Authority or, with respect
to any UK Financial Institution, a UK Resolution Authority. 
 “Responsible Officer” means the chief executive officer,
president, any vice president, any Financial Officer or Secretary of the Parent Borrower or such other entity to which such reference relates (or any other officer acting in substantially the same capacity). 

“Restricted Indebtedness” has the meaning set forth in Section 6.08(b). 

“Restricted Payment” means any dividend or other distribution (whether in cash, securities or other property) with respect to
any Equity Interests in the Parent Borrower or any Restricted Subsidiary, or any payment (whether in cash, securities or other property), including any sinking fund or similar deposit, on account of the purchase, redemption, retirement, acquisition,
cancellation or termination of any Equity Interests in the Parent Borrower or any Restricted Subsidiary. 
 “Restricted
Subsidiaries” means the Subsidiary Loan Parties and each other Subsidiary of any Borrower that is not an Unrestricted Subsidiary. The Parent Borrower may designate any Unrestricted Subsidiary as a Restricted Subsidiary at any time by
written notice to the Administrative Agent if after giving effect to such designation, the Parent Borrower is in compliance with the Financial Covenants herein on a Pro Forma Basis, no Default exists or would otherwise result therefrom and the
Parent Borrower complies with the obligations under clause (b) of Section 5.10. 

“Revaluation Date” has the meaning set forth in Section 1.06(e) 

“Revolving Availability Period” means the period from and including the Effective Date to but excluding the earlier of the
Revolving Maturity Date and the date of termination of the Revolving Commitments. 
 “Revolving Commitment” means the
USD/Multicurrency Revolving Commitment and USD Only Revolving Commitment. The aggregate amount of the Lenders’ Revolving Commitments as of the
SixthSeventh
 Amendment Date is $1,000,000,0001,500,000,000. 

“Revolving Exposure” means, with respect to any Lender at any time, the sum of the outstanding principal amount of such
Lender’s Revolving Loans and its LC Exposure and Swingline Exposure at such time. 
 “Revolving Facility” means the
Revolving Commitments and the extensions of credit made thereunder. 
 “Revolving Lender” means, as of any date of
determination, each Lender with a Revolving Commitment or, if the Revolving Commitments have terminated or expired, a Lender with Revolving Exposure. 

“Revolving Loan” means a USD/Multicurrency Revolving Loan and/or a USD Only Revolving Loan, as the context may require. 

  
 CREDIT AGREEMENT, Page 57 












 “Revolving Maturity Date” means September 18,
2025December 9, 2026. 

“Revolving Outstandings” shall mean, with respect to any Lender at any time, the Revolving Exposure and if the Lender is also
an Ancillary Lender, the Ancillary Facility Exposure in respect of Ancillary Facilities provided by such Ancillary Lender. 
 “RFR Borrowing” means, as to any Borrowing, the RFR Loans comprising such Borrowing. 

“RFR
Loan” means a Loan that bears interest at a rate based on the Adjusted Daily Simple SOFR. 

“Rothsay” means the assets and property acquired by the Parent Borrower and/or one of its Affiliates pursuant to the Rothsay
Acquisition Agreement. 
 “Rothsay Acquisition” means the acquisition by the Parent Borrower and/or its Affiliates of
Rothsay pursuant to the Rothsay Acquisition Agreement. 
 “Rothsay Acquisition Agreement” means that certain Acquisition
Agreement (together with all exhibits, schedules and disclosure letters thereto), dated as of August 23, 2013 between Maple Leaf Foods Inc. and the Parent Borrower. 

“Rothsay Acquisition Closing Date” means October 24, 2013. 

“S&P” means Standard & Poor’s Financial Services LLC or any successor to the ratings agency business
thereof. 

“Sanctioned
 Country” means, at any time, a country, region or territory which is itself the subject or target of any Sanctions (at the time of this Agreement, Crimea, Cuba, Iran, North Korea and Syria).


“Sanctioned
 Person” means, at any time, (a) any Person listed in any Sanctions-related list of designated Persons maintained by the Office of Foreign Assets Control of the U.S. Department of the Treasury, the U.S. Department of State, the United
Nations Security Council, the European Union, any European Union member state, Her Majesty’s Treasury of the United Kingdom or other relevant sanctions authority, (b) any Person operating, organized or resident in a Sanctioned Country,
(c) any Person owned or controlled by any such Person or Persons described in the foregoing clauses (a) or (b), or (d) any Person otherwise the subject of any Sanctions. 

“Sanctions”
 means all economic or financial sanctions or trade embargoes imposed, administered or enforced from time to time by (a) the U.S. 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, or (b) the United Nations Security Council, the European Union,
any European Union member state, Her Majesty’s Treasury of the United Kingdom or other relevant sanctions authority. 

“Schedule I Lender” means a Lender which is a Canadian chartered bank listed on Schedule I to the Bank Act (Canada),
R.S.C., 1985, c. B-2, as amended. 
 “Screen Rate” has the meaning set forth in the
definition of “LIBO Rate”. 

  
 CREDIT AGREEMENT, Page 58 












 “Secured Leverage Ratio” means, as of any date of determination, the ratio
of (a) Total Indebtedness secured by a Lien to (b) Adjusted EBITDA for the four fiscal quarter period most recently ended. 

“Secured Parties” means (a) the Administrative Agent, the Lenders and each Affiliate of a Lender who is owed any portion
of the Obligations and (b) each Ancillary Lender. 
 “Security Documents” means the U.S. Security Agreement, the
Canadian Security Agreement, each Foreign Security Agreement and each other security agreement or other instrument or document executed and delivered pursuant to Section 5.10 to secure any of the Obligations or Foreign
Obligations, as applicable. 

“Seventh Amendment”
 means that certain Seventh Amendment to the Second Amended and Restated Credit Agreement, among the Loan Parties party thereto, the Administrative Agent and the Lenders party thereto, dated December 9, 2021. 

“Seventh Amendment
 Date” means December 9, 2021. 
 “Sixth Amendment”
means that certain Sixth Amendment to the Second Amended and Restated Credit Agreement, among the Loan Parties party thereto, the Administrative Agent and the Lenders party thereto, dated September 18, 2020. 

“Sixth Amendment Date” means September 18, 2020. 

“SOFR”
 means a rate equal to the secured overnight financing rate as administered by the SOFR Administrator. 

“SOFR
Administrator” means the NYFRB (or a successor administrator of the secured overnight financing rate). 

“SOFR
Administrator’s Website” means the NYFRB’s website, currently at http://www.newyorkfed.org, or any successor source for the secured overnight financing rate identified as such by the SOFR Administrator from time to time. 

“SOFR
Determination Date” has the meaning set forth in the definition of “Daily Simple SOFR”. 

“SOFR
Rate Day” has the meaning set forth in the definition of “Daily Simple SOFR”. 

“SOFR”
SONIA” means, with respect to any day means 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.SONIA Business Day, a rate per annum equal to the Sterling
Overnight Index Average for such SONIA Business Day published by the SONIA Administrator on the SONIA Administrator’s Website on the immediately succeeding SONIA Business Day. 

“SONIA
Administrator” means the Bank of England (or any successor administrator of the Sterling Overnight Index Average). 

  
 CREDIT AGREEMENT, Page 59 













“SONIA
Administrator’s Website” means the Bank of England’s website, currently at http://www.bankofengland.co.uk, or any successor source for the Sterling Overnight Index Average identified as such by the SONIA Administrator from time to
time. 
 “SOFR-Based Rate” means SOFR, Compounded SOFR or Term
SOFRSONIA Borrowing” means any Borrowing comprised of SONIA Loans. 

“SONIA
Business Day” means any day that is not a Saturday, Sunday or other day on which banks are closed for general business in London. 

“SONIA
Rate Day” has the meaning set forth in the definition of “Daily Simple SONIA”. 

“SONIA
Loan” means a Loan that bears interest at a rate determined by reference to the Adjusted Daily Simple SONIA. 

“Specified Canadian Subsidiaries” means Foreign Subsidiaries incorporated in Canada or any province thereof, subject to the
other exclusions set forth in the definition of Excluded Subsidiaries. 
 “Specified Foreign Subsidiaries” means
(a) the Dutch Parent Borrower, the Dutch Subsidiary Borrower, the German Subsidiary Borrower, the Belgian
Subsidiary Borrower, Darling International Netherlands B.V., and Darling
Ingredients Nederland Holdings B.V., Darling Ingredients Germany Holding GmbH and Darling Ingredients Belgium Holding B.V., (b) upon the request of the Administrative Agent, if any Foreign Subsidiary listed in the foregoing clause (a) (or which has previously become a Specified Foreign Subsidiary in
accordance with this clause (b)) (i) Disposes of assets (including any Equity Interests owned by it) in one or more transactions to one or more Foreign Subsidiaries or Disregarded Domestic Persons that do not constitute
Restricted Subsidiaries of (x) any Foreign Subsidiary listed in the foregoing clause (a) or (y) any Foreign Subsidiary or Disregarded Domestic Person which has previously become, or concurrently becomes, a
Specified Foreign Subsidiary in accordance with this clause (b) and (ii) after giving effect to such Disposition, the Adjusted EBITDA of (x) the Foreign Subsidiaries listed in the foregoing
clause (a) and their respective Restricted Subsidiaries and (y) any Foreign Subsidiary or Disregarded Domestic Person which has previously become, or concurrently becomes, a Specified Foreign Subsidiary in accordance
with this clause (b) and their respective Restricted Subsidiaries, collectively, for the 4 fiscal quarter period ended most recently prior to any date of determination, ceases to constitute at least 80% of the Adjusted
EBITDA of the Parent Borrower and its Subsidiaries located in the Netherlands, Germany, Belgium and Brazil, taken as a whole, such additional Foreign Subsidiary (or Foreign Subsidiaries) or Disregarded Domestic Person (or Disregarded Domestic
Persons) as the Parent Borrower shall designate in order to meet the threshold set for in this clause (b)(ii) and (c) any other Foreign Subsidiary or Disregarded Domestic Person designated by the Parent Borrower.

 “Specified Obligations” means Obligations consisting of the principal and interest on Loans, reimbursement
obligations in respect of LC Disbursements and fees. 
 “Specified Refinancing Debt” has the meaning set forth in
Section 2.22(a). 
 “Specified Refinancing Revolving Loans” means Specified Refinancing Debt
constituting revolving loans. 

  
 CREDIT AGREEMENT, Page 60 












 “Specified Refinancing Term Loans” means Specified Refinancing Debt
constituting term loans. 
 “Spot Rate” means, on any day, with respect to any currency in relation to dollars, the rate at
which such currency may be exchanged into dollars, as set forth at approximately 12:00 noon, London time, on such date on the Reuters World Currency Page for such currency. In the event that such rate does not appear on the applicable Reuters World
Currency Page, the Spot Rate shall be calculated by reference to such other publicly available service for displaying exchange rates as may be agreed upon by the Administrative Agent and the Parent Borrower, or, in the absence of such agreement,
such Spot Rate shall instead be the arithmetic average of the spot rates of exchange of the Administrative Agent, at or about 11:00 a.m., London time, on such date for the purchase of dollars for delivery two (2) Business Days later;
provided that if, at the time of any such determination, for any reason, no such spot rate is being quoted, the Administrative Agent, after consultation with the Parent Borrower, may use any reasonable method it deems appropriate to determine
such rate, and such determination shall be conclusive absent manifest error. 
 “Statutory Reserve Rate” means a fraction
(expressed as a decimal), the numerator of which is the number one and the denominator of which is the number one minus the aggregate of the maximum reserve percentages (including any marginal, special, emergency or supplemental reserves) expressed
as a decimal established by the Board to which the Administrative Agent is subject with respect to the Adjusted EURIBOR
Rate or Adjusted LIBO Rate, as applicable, for eurocurrency funding (currently referred to as “Eurocurrency Liabilities” in Regulation D of the Board). Such reserve percentages shall
include those imposed pursuant to such Regulation D. Eurodollar Loans and Term Benchmark Loans shall be deemed to constitute eurocurrency funding and to be subject to such reserve requirements without benefit of or credit for proration, exemptions or offsets that may be available from time to time to
any Lender under such Regulation D or any comparable regulation. The Statutory Reserve Rate shall be adjusted automatically on and as of the effective date of any change in any reserve percentage. 

“Sterling” and “£” shall mean the lawful currency of the United Kingdom. 

“Sterling
 Swingline Rate” when used in reference to any Swingline Loan or Swingline Borrowing, refers to whether such Swingline Loan, or the Swingline Loans comprising such Swingline Borrowing, are bearing interest at a rate determined by reference to
the Adjusted Daily Simple SONIA. 
 “Subject Person” has the
meaning set forth in the definition of “Consolidated Net Income”. 
 “Subordinated Indebtedness” means any
Indebtedness of the Parent Borrower or any Restricted Subsidiary that is by its terms contractually subordinated in right of payment to any of the Obligations; provided that, Refinancing Junior Loans shall not be Subordinated Indebtedness.

 “Subordinated Indebtedness Documents” means the documentation governing any Subordinated Indebtedness. 

“subsidiary” means, with respect to any Person (the “parent”) at any date, any corporation, limited
liability company, partnership, association or other entity of which stock or other ownership interests representing more than 50% of the ordinary voting power or, in the case of a partnership, more than 50% of the general partnership interests (in
each case other than stock or other ownership interests having such power only by the happening of a contingency) to elect the board of directors, managers or similar Persons performing such functions are, as of such date, owned, controlled or held
by the parent or one or more subsidiaries of the parent or by the parent and one or more subsidiaries of the parent. 

  
 CREDIT AGREEMENT, Page 61 












 “Subsidiary” means, unless otherwise specified, any subsidiary of the
Parent Borrower. 
 “Subsidiary Borrowers” means the Canadian Borrower, the Dutch Parent Borrower, the Dutch Subsidiary Borrower, the German Subsidiary Borrower, the Belgian Subsidiary Borrower and any Additional Borrowers. 
 “Subsidiary Loan Party” means each Restricted
Subsidiary that has become a party to the Guaranty Agreement. 
 “Supplier” has the meaning set forth in
Section 2.17(h)(ii). 
 “Supported QFC” has the meaning set forth in
Section 10.23. 
 “Swap Agreement” means any agreement with respect to any swap, cap, collar,
forward, future or derivative transaction or option or similar agreement involving, or settled by reference to, one or more rates, currencies, commodities, equity or debt instruments or securities, or economic, financial or pricing indices or
measures of economic, financial or pricing risk or value or any similar transaction or any combination of these transactions; provided that no phantom stock or similar plan providing for payments only on account of services provided by
current, former or future directors, officers, members of management, employees or consultants of the Parent Borrower or the Subsidiaries shall be a Swap Agreement. 

“Swap Obligations” means all obligations, indebtedness, and liabilities of the Covered Parties, or any one of them, to any
Lender or any Affiliate of any Lender which have been designated by the Parent Borrower by written notice to the Administrative Agent as entitled to the security of the Collateral and which arise pursuant to any Swap Agreements with the Covered
Parties, or any one of them, whether now existing or hereafter arising, whether direct, indirect, related, unrelated, fixed, contingent, liquidated, unliquidated, joint, several, or joint and several, including, without limitation, all fees, costs,
and expenses (including reasonable attorneys’ fees and expenses) provided for in such Swap Agreements. 
 “Swingline
Commitment” means $10,000,000. 
 “Swingline Exposure” means, at any time, the aggregate principal amount of all
Swingline Loans outstanding at such time. The Swingline Exposure of any Lender at any time shall be its Applicable Percentage (or in the case of Swingline Loans denominated in Canadian Dollars or Euro), its USD/Multicurrency Applicable Percentage)
of the total Swingline Exposure at such time. 
 “Swingline Lender” means JPMorgan Chase Bank, N.A., in its capacity as
lender of Swingline Loans hereunder. 
 “Swingline Loan” means a Loan made pursuant to
Section 2.04. 
 “Swingline Loan Sublimit” means $50,000,000. 

  
 CREDIT AGREEMENT, Page 62 












 “Syndication Agents” has the meaning set forth in the preamble hereto, and
also includes the financial institutions identified as “Syndication Agents” in the SixthSeventh Amendment. 

“Target” means the Person who is to be acquired, in whose Equity Interests an Investment is to be made or whose assets are to
be acquired in a Permitted Acquisition or similar Investment. 

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

“Taxes” means all present or future taxes, levies, imposts, duties, deductions, charges or withholdings imposed by any
Governmental Authority including any interest, additions to tax or penalties applicable thereto. 
 “Term A Commitment” means, with respect to each Term A Lender, the commitment, if any, of such Term A
Lender to make Term A Loans hereunder, expressed as an amount representing the maximum principal amount of the Term A Loans to be made by such Term A Lender hereunder, as such commitment may be (a) reduced from time to time pursuant to
Section 2.08, (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 10.04 and (c) established or increased from time to time pursuant to an Incremental Assumption Agreement. The
amount of each Lender’s Term A Commitment as of the Seventh Amendment Date is set forth on Schedule 2.01, or in the Assignment and Assumption or Incremental Assumption Agreement pursuant to which such Lender shall have assumed its Term A
Commitment, as applicable. The aggregate amount of the Lenders’ Term A Commitments as of the Seventh Amendment Date was $400,000,000. 

“Term A
Commitment Termination Date” means the earlier of (a) twenty-four (24) months after the Seventh Amendment Date and (b) the date that the Term A Commitments are terminated in whole pursuant to Section 2.08. 

“Term A
Facility” means the Term A Commitments and the extensions of credit made thereunder. 

“Term A
Lender” means, as of any date of determination, each Lender with a Term A Commitment or an outstanding Term A Loan. 

“Term A
Loan Funding Date” the date on which the conditions precedent set forth in Section 4.04 have been satisfied, which date shall be no later than the Term A Commitment Termination Date.


“Term A
Loan Maturity Date” means December 9, 2026. 
 “Term A Loans” means a Loan made pursuant to clause (b) of Section 2.01 or an Incremental Term Loan
designated as a Term A Loan. 
 “Term B Commitment” means,
with respect to each Lender, the commitment, if any, of such Lender to make Term B Loans hereunder, expressed as an amount representing the maximum principal amount of the Term B Loans to be made by such Lender hereunder, as such commitment may be
(a) reduced from 

  
 CREDIT AGREEMENT, Page 63 












 time to time pursuant to Section 2.08, (b) reduced or increased from time to time
pursuant to assignments by or to such Lender pursuant to Section 10.04 and (c) established or increased from time to time pursuant to an Incremental Assumption Agreement. The amount of each Lender’s Term B
Commitment as of the Fifth Amendment Date is set forth on Schedule 2.01 as modified by Annex II to the Fifth Amendment, or in the Assignment and Assumption or Incremental Assumption Agreement pursuant to which such Lender shall have assumed
its Term B Commitment, as applicable. The aggregate amount of the Lenders’ Term B Commitments as of the Fifth Amendment Date was $525,000,000. 

“Term B Facility” means the Term B Commitments and the extensions of credit made thereunder. 

“Term B Lender” means a Lender with a Term B Commitment or an outstanding Term B Loan. 

“Term B Loan Maturity Date” means December 18, 2024. 

“Term B Loans” means a Loan made pursuant to clause (a) of Section 2.01
or an Incremental Term Loan designated as a Term B Loan. 

“Term
Benchmark” when used in reference to any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing, bear interest at a rate determined by reference to the Adjusted Term SOFR Rate, the Adjusted EURIBOR Rate or the
CDOR Loan Rate. 
 “Term Commitment” means the Term A Commitment and the Term B Commitment. 

“Term Facility” means
the Term A Commitment, the Term B Commitments and the
extensions of credit made thereunder. 

“Termination
 Letter” has the meaning set forth in Section 10.20(b). 

“Term Lender” means, as of any date of determination, each Lender with a Term Commitment or an outstanding Term Loan. 

“Term Loans” means a Loan made pursuant to clause (a) of Section 2.01 or
an Incremental Term Loan. 
 “Term SOFR”
means, for the applicable Corresponding Tenor, the forward-looking term rate based on SOFR that has been selected or recommended by the Relevant Governmental Body. Determination Day” has the meaning assigned to it in the definition of Term SOFR Reference Rate. 

“Term
SOFR Rate” means, with respect to any Term Benchmark Borrowing denominated in Dollars and for any tenor comparable to the applicable Interest Period, the Term SOFR Reference Rate at approximately 5:00 a.m., Chicago time, two U.S. Government
Securities Business Days prior to the commencement of the applicable Interest Period, as such rate is published by the CME Term SOFR Administrator. 

  
 CREDIT AGREEMENT, Page 64 













“Term SOFR Reference
Rate” means, for any day and time (such day, the “Term SOFR Determination Day”), with respect to any Term Benchmark Borrowing denominated in Dollars and for any tenor comparable to the applicable Interest Period, the rate per annum determined by the Administrative Agent as the
forward-looking term rate based on SOFR. If by 5:00 pm (New York City time) on such Term SOFR Determination Day, the “Term SOFR Reference Rate” for the applicable tenor has not been published by the CME Term SOFR Administrator and a
Benchmark Replacement Date with respect to the Term SOFR Rate has not occurred, then the Term SOFR Reference Rate for such Term SOFR Determination Day will be the Term SOFR Reference Rate for such tenor as published in respect of the first preceding
U.S. Government Securities Business Day for which such Term SOFR Reference Rate for such tenor was published by the CME Term SOFR Administrator, so long as such first preceding Business Day is not more than five (5) Business Days prior to such
Term SOFR Determination Day. 
 “Termination Letter” has the meaning set forth in Section 10.20(b). 
 “Threshold Amount” means an amount equal to the greater of $100,000,000120,000,000
 and 2.0% of Consolidated Total Assets. 
 “Total Indebtedness” means, at
the time of determination, as determined for Parent Borrower and the Restricted Subsidiaries on a consolidated basis (without duplication) in accordance with GAAP, the difference of (a) the sum of: (i) all obligations for borrowed money;
plus (ii) all Guarantees of obligations for borrowed money; plus (iii) all Capital Lease Obligations and purchase money indebtedness; plus (iv) all obligations, contingent or otherwise, of such Person as an
account party in respect of the undrawn face amount of letters of credit, bankers acceptances or similar instruments (including Letters of Credit) outstanding as of such date, in each case which have been drawn as of such date of determination and
which have not been reimbursed within three (3) Business Days of such drawing minus (b) the sum of: (i) unrestricted cash and Permitted Investments and (ii) cash and Permitted Investments restricted in
favor of the Credit Facilities (which may also include cash and cash equivalents securing other Indebtedness secured by a Lien on any Collateral along with the Credit Facilities). The parties acknowledge that the calculation of Total Indebtedness
shall not include any such Indebtedness under any Receivables Facilities. 
 “Total Leverage Ratio” means, as of any date
of determination, the ratio of (a) Total Indebtedness to (b) Adjusted EBITDA for the four fiscal quarter period most recently ended. 

“Transactions” means the execution, delivery and performance by each Loan Party of the Loan Documents (as amended, restated,
amended and restated, supplemented, extended, renewed, replaced, refinanced or otherwise modified by the SixthSeventh Amendment) to which it is to be a party, the borrowing of Loans
and the issuance of Letters of Credit hereunder of the proceeds thereof and the payment of fees and expenses in connection with the foregoing. 

“Type”, when used in reference to any Loan or Borrowing, refers to whether the rate of interest on such Loan, or on the Loans
comprising such Borrowing, is determined by reference to the Adjusted LIBO Rate, theAdjusted EURIBOR Rate, Adjusted Term SOFR Rate, Adjusted Daily Simple SONIA, Adjusted Daily Simple ESTR, the Alternate Base Rate, the CDOR Rate or the Canadian Prime Rate. 
 “UCC” means
the Uniform Commercial Code as in effect in the State of New York; provided that, if perfection or the effect of perfection or non-perfection or the priority of any security interest in any Collateral
is governed by the Uniform Commercial Code as in effect in a jurisdiction other than the State of New York, “UCC” means the Uniform Commercial Code as in effect from time to time in such other jurisdiction for purposes of the provisions
hereof relating to such perfection, effect of perfection or non-perfection or priority. 

  
 CREDIT AGREEMENT, Page 65 












 “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 applicable Benchmark Replacement excluding the related Benchmark Replacement Adjustment. 

“Unrestricted Subsidiaries” means each Subsidiary of the Parent Borrower (other than a Borrower) designated by the Parent
Borrower pursuant to written notice provided to the Administrative Agent as an “Unrestricted Subsidiary” and, in each case, any Subsidiary of such Unrestricted Subsidiary, it being agreed that, in each case, such Subsidiary also shall have
been or will promptly be designated an “unrestricted subsidiary” (or otherwise not be subject to the covenants) under any Existing 2026 Senior Notes, Existing 2027 Senior Notes, Incremental Equivalent Debt, Refinancing Notes or any
Refinancing Junior Loans and any Permitted Refinancing of any of the foregoing (and successive Permitted Refinancing Indebtedness thereof); provided the Parent Borrower shall not be permitted to designate any Subsidiary as an Unrestricted
Subsidiary if after giving effect to such designation, the Parent Borrower is not projected to be in compliance with the financial covenants herein on a Pro Forma Basis or if a Default exists or would otherwise result therefrom. As of the SixthSeventh Amendment Date, Darling Green Energy LLC, a Delaware limited liability company, Darling Insect Proteins LLC, a Delaware limited liability company, EnviroFlight, LLC, a Delaware limited liability company and
EnviroFlight Farms, LLC, a Delaware limited liability company have each been designated as an Unrestricted Subsidiary. 

“USD/Multicurrency Applicable Percentage” means, with respect to any USD/Multicurrency Revolving Lender, subject to
Section 2.21, the percentage of the total USD/Multicurrency Revolving Commitments represented by such Lender’s USD/Multicurrency Revolving Commitment. If the USD/Multicurrency Revolving Commitments have terminated or
expired, the USD/Multicurrency Applicable Percentages shall be determined based upon the USD/Multicurrency Revolving Commitments most recently in effect, giving effect to any assignments. 

“USD/Multicurrency Revolving Commitment” means, with respect to each Lender, the commitment, if any, of such Lender to make
USD/Multicurrency Revolving Loans and to acquire participations in Letters of Credit and Swingline Loans hereunder, as such commitment may be (a) reduced from time to time pursuant to Section 2.08, (b) reduced or
increased from time to time pursuant to assignments by or to such Lender pursuant to Section 10.04 and (c) as established or increased from time to time pursuant to an Incremental Assumption Agreement. The amount of
each Lender’s USD/Multicurrency Revolving Commitment as of the
SixthSeventh
 Amendment Date is set forth on Schedule 2.01 as modified by Annex II to the SixthSeventh Amendment. The aggregate amount of the Lenders’
USD/Multicurrency Revolving Commitments as of the
SixthSeventh
 Amendment Date is $970,000,000.001,460,000,000.00. 

  
 CREDIT AGREEMENT, Page 66 












 “USD/Multicurrency Revolving Exposure” means, with respect to any Lender at
any time, the sum of the outstanding principal amount of such Lender’s USD/Multicurrency Revolving Loans and its LC Exposure and Swingline Exposure at such time. 

“USD/Multicurrency Revolving Facility” means the USD/Multicurrency Revolving Commitments and the extensions of credit made
thereunder. 
 “USD/Multicurrency Revolving Lender” means, as of any date of determination, each Lender with a
USD/Multicurrency Revolving Commitment or, if the USD/Multicurrency Revolving Commitments have terminated or expired, a Lender with USD/Multicurrency Revolving Exposure. 

“USD/Multicurrency Revolving Loan” means a Loan made pursuant to clause (b) of
Section 2.01 or an Incremental Revolving Loan made under the USD/Multicurrency Revolving Facility. 
 “USD
Only Revolving Commitment” means, with respect to each Lender, the commitment, if any, of such Lender to make USD Only Revolving Loans and to acquire participations in Letters of Credit and Swingline Loans hereunder, as such commitment may
be (a) reduced from time to time pursuant to Section 2.08, (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 10.04 and (c) as
established or increased from time to time pursuant to an Incremental Assumption Agreement. The amount of each Lender’s USD Only Revolving Commitment as of the
SixthSeventh
 Amendment Date is set forth on Schedule 2.01 as modified by Annex II to the SixthSeventh Amendment. The aggregate amount of the Lenders’ USD Only
Revolving Commitments as of the
SixthSeventh
 Amendment Date is $30,000,000.0040,000,000.00. 

“USD Only Revolving Exposure” means, with respect to any Lender at any time, the sum of the outstanding principal amount of
such Lender’s USD Only Revolving Loans and its LC Exposure and Swingline Exposure, in each case, under the USD Only Revolving Commitment, at such time. 

“USD Only Revolving Facility” means, the USD Only Revolving Commitments and the extensions of credit made thereunder. 

“USD Only Revolving Lender” means, as of any date of determination, each Lender with a USD Only Revolving Commitment or, if
the USD Only Revolving Commitments have terminated or expired, a Lender with USD Only Revolving Exposure. 
 “USD Only Revolving
Loan” means, a Loan made pursuant to clause (c) of Section 2.01 or an Incremental Revolving Loan made under the USD Only Revolving Facility. 

“U.S.
Government Securities Business Day” means any day except for (i) a Saturday, (ii) a Sunday or (iii) a day on which the Securities Industry and Financial Markets Association recommends that the fixed income departments of its
members be closed for the entire day for purposes of trading in United States government securities. 

  
 CREDIT AGREEMENT, Page 67 












 “U.S. Security Agreement” means an agreement, substantially in the form of
Exhibit C, executed by the Loan Parties. 
 “U.S. Special Resolution Regime” has the meaning set forth in
Section 10.23. 
 “VAT” means any Tax imposed in compliance with the Council Directive of
November 28, 2006 on the common system of value added tax (EC Directive 20061112) and any other Tax of a similar nature, whether imposed in a member state of the European Union in substitution for, or levied in addition to, such Tax referenced
above, or imposed elsewhere. 
 “Vion” means the entities, assets and property acquired by the Parent Borrower and/or one
of its Affiliates pursuant to the Vion Acquisition Agreement. 
 “Vion Acquisition” means the acquisition by the Parent
Borrower and/or its Affiliates of Vion pursuant to the Vion Acquisition Agreement. 
 “Vion Acquisition Agreement” means
the Sale and Purchase Agreement (together with all exhibits, schedules and disclosure letters thereto) dated October 5, 2013 between Vion Holding N.V. and Parent Borrower. 

“Voting
Participant” has the meaning set forth in Section 10.04(c)(iii). 
 “Voting Participant Notice” has the meaning set forth in Section 10.04(c)(iii). 

“Voting
Participant Seller” has the meaning set forth in Section 10.04(c)(iii). 

“Withdrawal Liability” means liability to a Multiemployer Plan as a result of a complete or partial withdrawal from such
Multiemployer Plan, as such terms are defined in Title IV of ERISA. 
 “Withholding Agent” means any Loan Party or the
Administrative Agent. 
 “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. 
 Section 1.02
Classification of Loans and Borrowings. For purposes of this Agreement, Loans may be classified and referred to by Class (e.g., a “Revolving Loan”,
a “Term A Loan” or a “Term B Loan”) or by
Type (e.g., a “Eurodollar Loan” or “Term Benchmark Loan”) or by Class and Type (e.g., a “EurodollarTerm Benchmark Revolving Loan”, “Term Benchmark Term A Loan” or “Eurodollar Term
B 

  
 CREDIT AGREEMENT, Page 68 












 
Loan”). Borrowings also may be classified and referred to by Class (e.g., a “Revolving Borrowing”
of “, a
“Term A Loan Borrowing” or “Term B Loan Borrowing”) or by Type (e.g., a
“EurodollarTerm
 Benchmark Borrowing”) or by Class and Type (e.g., a “EurodollarTerm Benchmark Revolving Borrowing”, a “Term Benchmark Term A Loan Borrowing” or
“Eurodollar Term B Loan Borrowing”). 
 Section 1.03 Terms Generally. The definitions of terms herein shall
apply equally to the singular and plural forms of the terms defined. Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words “include”, “includes” and
“including” shall be deemed to be followed by the phrase “without limitation”. The word “will” shall be construed to have the same meaning and effect as the word “shall”. The word “or” shall not be
exclusive. Unless the context requires otherwise (a) any definition of or reference to any agreement, instrument or other document (including any Loan Document) herein shall be construed as referring to such agreement, instrument or other
document (including any Loan Document) as from time to time amended, restated, amended and restated, supplemented, extended, renewed, replaced, refinanced or otherwise modified (subject to any restrictions on such amendments, restatements,
amendments and restatements, supplements, extensions, renewals, replacements, refinancings or modifications set forth herein), (b) any reference herein or in any Loan Document to any Person shall be construed to include such Person’s successors
and permitted assigns, (c) the words “herein”, “hereof” and “hereunder”, and words of similar import, shall be construed to refer to this Agreement in its entirety and not to any particular provision hereof or
thereof, (d) all references herein or in any Loan Document to Articles, Sections, clauses, paragraphs, Exhibits and Schedules shall be construed to refer to Articles and Sections, clauses and paragraphs of, and Exhibits and Schedules to, this
Agreement or such Loan Document, as applicable, (e) the words “asset” and “property”, when used in any Loan Document, shall be construed to have the same meaning and effect and to refer to any and all tangible and intangible
assets and properties, including cash, securities, accounts and contract rights, (f) any reference to any law, rule or regulation in any Loan Document shall include all statutory and regulatory provisions consolidating, amending, replacing,
supplementing, superseding or interpreting such law and (g) the terms “license” and “lease” shall include sublicense and sublease, respectively. 

Section 1.04 Accounting Terms; GAAP. Except as otherwise expressly provided herein, all terms of an accounting or financial nature
that are used in calculating any financial ratio or test (including the Total Leverage Ratio, the Secured Leverage Ratio, the First Lien Leverage Ratio, the Interest Coverage Ratio and the amount of Adjusted EBITDA or the amount of Consolidated
Total Assets (or any component definitions of any of the foregoing)) shall be construed and interpreted in accordance with GAAP, as in effect from time to time; provided that, if the Parent Borrower notifies the Administrative Agent that the
Parent Borrower requests an amendment to any provision hereof to eliminate the effect of any change occurring after the date hereof in GAAP or the application thereof on the operation of such provision (or if the Administrative Agent notifies the
Parent Borrower that the Required Lenders request an amendment to any provision hereof for such purpose), regardless of whether any such notice is given before or after such change in GAAP or in the application thereof, then such provision shall be
interpreted on the basis of GAAP (or the application thereof) as in effect and applied immediately before such change shall have become effective until such notice shall have been withdrawn or such provision amended in accordance herewith and the
Administrative Agent and the Lenders hereby further agree to negotiate such amendment in good faith. 
  

  
 CREDIT AGREEMENT, Page 69 












 Notwithstanding the foregoing, (a) Capital Lease Obligations shall be excluded (i) from the
calculation of Interest Charges, (ii) for the purposes of calculating the Total Leverage Ratio, Secured Leverage Ratio, the 
 First Lien Leverage
Ratio and Total Indebtedness, (iii) for the purposes of Section 6.01, Indebtedness and (iv) Section 6.04(o), in each case, to the extent such Capital Lease Obligations would have been
characterized as operating leases based on GAAP prior to giving effect to FASB Accounting Standards Update ASU 2016-02 (whether or not such operating leases were in effect at the time of effectiveness
thereof), (b) for purposes of determining compliance with any covenant (including the computation of any financial covenant) contained herein, Indebtedness of the Parent Borrower and its Subsidiaries shall be determined 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 Parent Borrower or any subsidiary at “fair value”, as defined therein,
(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) and (c) if the
Parent Borrower notifies the Administrative Agent that it is required to report under IFRS or has elected to do so through an early adoption policy, upon the execution of an amendment hereof in accordance therewith to accommodate such change,
“GAAP” means international financial reporting standards pursuant to IFRS (provided that after such conversion, the Parent Borrower cannot elect to report under GAAP), it being understood and agreed that all financial statements
shall be prepared in accordance with IFRS. 
 Section 1.05 Business Days; Payments. If any payment or performance under any Loan
Document shall be due on a day that is not a Business Day, the date for payment or performance shall be extended to the next succeeding Business Day, and, in the case of any payment accruing interest, interest thereon shall be payable for the period
of such extension. 
 Section 1.06 Exchange Rates; Currency Equivalents. Unless expressly provided otherwise, any amounts
specified in this Agreement shall be in dollars. 
 (a) The Administrative Agent shall determine the Spot Rates as of each
Revaluation Date to be used for calculating the Dollar Equivalent amounts of Loans and Letters of Credit denominated in an Alternative Currency. Such Spot Rates shall become effective as of such Revaluation Date and shall be the Spot Rates employed
in converting any amounts between any Alternative Currency and dollars until the next Revaluation Date to occur. 
 (b) The
Administrative Agent shall determine the Dollar Equivalent of any Foreign Currency Letter of Credit or Borrowing not denominated in dollars in accordance with the terms set forth hereinin
Section 1.06(c) and (d), and a determination thereof by the Administrative Agent shall be presumptively correct absent manifest error. The Administrative Agent may, but shall not be obligated
to, rely on any determination made by any Borrower in any document delivered to the Administrative Agent. 
 (c) The
Administrative Agent shall determine the Dollar Equivalent of any Foreign Currency Letter of Credit as of (i) a date on or about the date on which the applicable Issuing Bank receives a request from the applicable Borrower for the issuance of
such Letter of Credit, (ii) each subsequent date on which such Letter of Credit shall be renewed or extended or the stated amount 

  
 CREDIT AGREEMENT, Page 70 












 
of such Letter of Credit shall be increased, (iii) March 31 and September 30 in each year and (iv) during the continuance of an Event of Default, as reasonably requested by
the Administrative Agent, in each case using the Spot Rate in effect on the date of determination, and each such amount shall be the Dollar Equivalent of such Letter of Credit until the next required calculation thereof pursuant to this
Section 1.06(c). 
 (d) The Administrative Agent shall determine the Dollar Equivalent of any
Borrowing not denominated in dollars as of (i) a date on or about the date on which the Administrative Agent receives a Borrowing Request in respect of such Borrowing using the Spot Rate in effect on the date of determination, (ii) as of
the date of the commencement of each Interest Period after the initial Interest Period therefor and (iii) during the continuance of an Event of Default, as reasonably requested by the Administrative Agent, using the Spot Rate in effect
(x) in the case of clauses (i) and (ii) above, on the date that is three (3) Business Days prior to the date on which the applicable Interest Period shall commence, and (y) in the case of
clause (iii) above, on the date of determination, and each such amount shall be the Dollar Equivalent of such Borrowing until the next required calculation thereof pursuant to this Section 1.06(d).

 (e) The Administrative Agent shall notify the Borrowers, the Lenders and the applicable Issuing Bank of each such
determination pursuant to Section 1.06(c) and (d) (such date,
a “Revaluation Date”) and revaluation of the Dollar Equivalent of each Letter of Credit and Borrowing. 

(f) The Administrative Agent may set up appropriate rounding-off mechanisms or
otherwise round off amounts pursuant to this Section 1.06 to the nearest higher or lower amount in whole dollars or cents to ensure amounts owing by any party hereunder or that otherwise need to be calculated or converted
hereunder are expressed in whole dollars or in whole cents, as may be necessary or appropriate. 
 (g) Unless otherwise
provided, Dollar Equivalent amounts set forth in Articles II or VIII may be exceeded by a percentage amount equal to 5% of such amount; provided, that such excess is solely as a result of fluctuations in applicable currency
exchange rates after the last time such determinations were made and, in any such cases, the applicable limits set forth in Articles II or VIII, as applicable, will not be deemed to have exceeded solely as a result of such fluctuations
in currency exchange rates. For the avoidance of doubt, in no event shall a prepayment be required under Section 2.11(b) if the Dollar Equivalent of the relevant amounts set forth therein does not exceed 5% of such relevant
amounts solely as a result of fluctuations in currency exchange rates. 
 (h) If, for the purposes of obtaining judgment in
any court, it is necessary to convert a sum due hereunder or any other Loan Document in one currency into another currency, the rate of exchange used shall be that at which in accordance with normal banking procedures the Administrative Agent could
purchase the first currency with such other currency on the Business Day preceding that on which final judgment is given. The obligation of each Loan Party in respect of any such sum due from it to the Administrative Agent or any Lender 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 

  
 CREDIT AGREEMENT, Page 71 












 
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 any Loan Party in the Agreement Currency, such Loan Party 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 such Loan Party (or to any other Person who may be entitled thereto under applicable law). 
 For purposes of any determination under Article V, Article VI (other than the
calculation of compliance with any financial ratio for purposes of taking any action hereunder) or Article VIII with respect to the amount of any Indebtedness, Lien, Restricted Payment, debt prepayment, Investment, Disposition, sale and
lease-back transaction, affiliate transaction or other transaction, event or circumstance, or any determination under any other provision of this Agreement (any of the foregoing, a “subject transaction”), in a currency other than
dollars, (i) the Dollar Equivalent of a subject transaction in a currency other than dollars shall be calculated based on the rate of exchange quoted on the applicable Reuters World Currency Page (or any successor page thereto, or in the event
such rate does not appear on any Reuters Page, by reference to such other publicly available service for displaying exchange rates as may be agreed upon by the Administrative Agent and the Parent Borrower) for such foreign currency, as in effect at
12:00 noon (London time) on the date of such subject transaction (which, in the case of any Restricted Payment, shall be deemed to be the date of the declaration thereof and, in the case of the incurrence of Indebtedness, shall be deemed to be on
the date first committed); provided, that if any Indebtedness is incurred (and, if applicable, associated Lien granted) to refinance or replace other Indebtedness denominated in a currency other than dollars, and the relevant refinancing or
replacement would cause the applicable dollar-denominated restriction to be exceeded if calculated at the relevant currency exchange rate in effect on the date of such refinancing or replacement, such dollar-denominated restriction shall be deemed
not to have been exceeded so long as the principal amount of such refinancing or replacement Indebtedness (and, if applicable, associated Lien granted) does not exceed an amount sufficient to repay the principal amount of such Indebtedness being
refinanced or replaced, except by an amount equal to (x) unpaid accrued interest and premiums (including tender premiums) thereon plus other reasonable and customary fees and expenses (including upfront fees and original issue discount)
incurred in connection with such refinancing or replacement and (y) additional amounts permitted to be incurred under Section 6.01 and (ii) for the avoidance of doubt, no Default or Event of Default shall be
deemed to have occurred solely as a result of a change in the rate of currency exchange occurring after the time of any subject transaction so long as such subject transaction was permitted at the time incurred, made, acquired, committed, entered or
declared as set forth in clause (i). For purposes of Article VII and the calculation of compliance with any financial ratio for purposes of taking any action hereunder, on any relevant date of determination, amounts
denominated in currencies other than dollars shall be translated into dollars at the applicable currency exchange rate used in preparing the financial statements delivered pursuant to Sections 5.01(a) or (b), as
applicable, for the relevant four fiscal quarter period and will, with respect to any Indebtedness, reflect the currency translation effects, determined in accordance with GAAP,
ofor any Swap Agreement permitted hereunder in respect of currency exchange risks with respect to the applicable currency in effect on the date of determination for the Dollar Equivalent amount of such
Indebtedness. 

  
 CREDIT AGREEMENT, Page 72 












 Section 1.07 Cashless Rollovers. Notwithstanding anything to the contrary
contained in this Agreement or in any other Loan Document, to the extent that any Lender extends the maturity date of, or replaces, renews or refinances, any of its then-existing Loans (including with Incremental Loans, Loans in connection with any
Specified Refinancing Debt or loans incurred under a new credit facility), in each case, to the extent such extension, replacement, renewal or refinancing is effected by means of a “cashless roll” by such Lender, such extension,
replacement, renewal or refinancing shall be deemed to comply with any requirement hereunder or any other Loan Document that such payment be made “in dollars”, “in immediately available funds”, “in cash” or any other
similar requirement. 
 Section 1.08
Dutch/German Terms. 

(a)
 Dutch Terms. In this Agreement, where it relates to a Dutch entity, a reference to: 
 (ai) a necessary action to authorize, where applicable, includes without limitation: 

(iA) any action required to comply with the Dutch Works Council Act
(Wet op de ondernemingsraden); and 

(iiB) obtaining unconditional positive advice (advies) from each
competent works council; 

(bii) a winding-up, administration
or dissolution includes a Dutch entity being: 
 (iA) declared bankrupt (failliet verklaard); 
 (iiB) dissolved (ontbonden); 
 (ciii) a moratorium includes surséance van betaling and granted a moratorium includes surseance verleend; 

(div) any petition or proceeding taken in connection with insolvency
proceedings includes a Dutch entity having filed a notice under Section 36 of the Tax Collection Act of The Netherlands (Invorderingswet 1990) of Section 60 of the Social Insurance Financing Act of The Netherlands (Wet
Financiering Sociale Verzekeringen) in conjunction with Section 36 of the Tax Collection Act of The Netherlands (Invorderingswet 1990); 

(ev) a trustee in bankruptcy or a liquidator includes a curator;

 (fvi) an administrator includes a bewindvoerder; 

  
 CREDIT AGREEMENT, Page 73 













(gvii) a receiver or an administrative receiver does not include a curator or bewindvoerder;, trustee, custodian, sequestrator, conservator or similar official includes
a curator, a beoogd curator, a bewindvoerder, a beoogd bewindvoerder, a herstructureringsdeskundige or an observator; 

(hviii) an attachment includes a beslag; and 

(iix) an authorized officer means a managing director (bestuurder)
or general partner (beherend vennoot). 
 If any party to any Loan Document incorporated under the laws of The Netherlands is represented by
an attorney in connection with the signing and/or execution of such Loan Document (including by way of accession to such Loan Document) or any other agreement, deed or document referred to in or made pursuant to such Loan Document, it is hereby
expressly acknowledged and accepted by the other parties hereto that the existence and extent of the attorney’sattorney’s authority and the effects of the attorney’sattorney’s
 exercise or purported exercise of his or her authority shall be governed by the laws of The Netherlands unless explicitly stated otherwise; provided that if such party is represented by an
attorney/agent based on a power of attorney granted under such Loan Document, the existence and extent of the attorney/agent’sagent’s authority and the effects of the attorney/agent’sagent’s
exercise or purported exercise of his or her authority shall be governed by the laws governing the applicable Loan Document. 

(b)
 German Terms. In this Agreement, where it relates to an entity incorporated or established in Germany or an entity having its centre of main interest (as defined in Article 3(1) of Regulation (EU) 2015/848 of the European Parliament and
of the Council of May 20, 2015 on insolvency proceedings (recast)) in Germany and unless the contrary intention appears, a reference to: 

(i)
 “AktG” means the German Stock Corporation Act (Aktiengesetz); 

(ii)
 “AWG” means the German Foreign Trade Act
(Außenwirtschaftsgesetz); 

(iii)
 “AWV” means the German Foreign Trade Ordinance “Verordnung zur Durchführung des Außenwirtschaftsgesetzes (Außenwirtschaftsverordnung)” 

(iv)
 “director” includes any statutory legal representative(s) (organschaftlicher Vertreter), a managing director
(Geschäftsführer) or member of the board of directors
(Vorstand); 

(v)
 “gross negligence” means grobe Fahrlässigkeit and “wilful misconduct” means
Vorsatz; 

(vi)
 “insolvency proceedings” includes any insolvency proceedings (Insolvenzverfahren) pursuant to the German
Insolvency Code (Insolvenzordnung); 

  
 CREDIT AGREEMENT, Page 74 













(vii)
 a person being “insolvent” or “bankrupt” includes that person being in the state of
Zahlungsunfähigkeit pursuant to Section 17 InsO or in the state of
Überschuldung pursuant to
Section 19 of the German Insolvency Code (Insolvenzordnung); 

(viii)
 “merger” includes any corporate measure contemplated by the German Transformation Act (Umwandlungsgesetz) as
well as any other corporate act by which several entities are consolidated with the result of one entity becoming the universal legal successor (Gesamtrechtsnachfolger) of the other; 

(ix)
 a “receiver”, “liquidator”, “administrator”, “administrative receiver” includes any of (i) (preliminary) insolvency administrator
((vorläufiger)
Insolvenzverwalter), a Zwangsverwalter, a
(preliminary) custodian or creditor’s trustee ((vorläufiger) Sachwalter) in each case to the extent appointed or ordered in accordance with the German Insolvency Code (Insolvenzordnung), as amended and restated from time to time, and (ii) liquidator appointed in accordance with relevant
German corporate laws; 
 (x) “security” includes any land charge
(Grundschuld); assignment (Zession) or transfer (Übereignung) for security purposes and (extended) retention of title arrangement ((verlängerter) Eigentumsvorbehalt); 

(xi)
 “subsidiary” includes a subsidiary within the meaning of Section 17 AktG; 

(xii)
 “UmwG” means the German Transformation Act (Umwandlungsgesetz); 

(xiii)
 “winding-up”, “administration” or “dissolution” (and each of these terms) includes any action taken by a competent court set out in Section 21 of the German Insolvency Code
(Insolvenzordnung) or where a competent court institutes or rejects (for reason of insufficiency of its funds to
implement such proceedings (Abweisung mangels Masse)) insolvency proceedings over the respective debtor’s
assets (Eröffnung des
Insolvenzverfahrens), including, includes, without limitation, “Insolvenzverfahren”, “vorläufiges Insolvenzverfahren”,
“Eigenverwaltungsverfahren”,
“vorläufiges
Eigenverwaltungsverfahren” and “Liquidationsverfahren”. 

Section 1.09 Agreed Security Principles. The provision of Collateral and Guarantees pursuant to the Guaranty Agreements and the
terms of the Security Documents and each other guaranty delivered or to be delivered under this Agreement shall be subject in all respects to the Agreed Security Principles set forth in Schedule 1.09. 

Section 1.10 Certain Calculations and Tests. 

(a) Any financial ratios required to be satisfied in order for a specific action to be permitted under this Agreement shall be
calculated by dividing the appropriate component by the other component, carrying the result to one decimal place more than the number of decimal 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). 

  
 CREDIT AGREEMENT, Page 75 












 (b) Notwithstanding anything to the contrary herein, but subject to
Sections 1.10(c), (d) and (f), all financial ratios and tests (including the First Lien Leverage Ratio, Secured Leverage Ratio, the Total Leverage Ratio, the Interest Coverage Ratio and the amount of
Consolidated Total Assets and Adjusted EBITDA and the component definitions of any of the foregoing) contained in this Agreement that are calculated with respect to any fiscal period during which any transaction described in the definition of Pro
Forma Basis (such transaction, a “Pro Forma Transaction”) occurs shall be calculated with respect to such fiscal period and such Pro Forma Transaction on a Pro Forma Basis. Further, other than with respect to determining the
Applicable Rate, actual (as opposed to pro forma) compliance with the Financial Covenants and the calculation of Excess Cash Flow and asset sale/casualty prepayment percentages, if since the beginning of any such fiscal period and on or prior to the
date of any required calculation of any financial ratio or test (x) any Pro Forma Transaction has occurred or (y) any Person that subsequently became a Restricted Subsidiary or was merged, amalgamated or consolidated with or into the
Parent Borrower or any Restricted Subsidiary since the beginning of such fiscal period has consummated any Pro Forma Transaction, then, in each case, any applicable financial ratio or test shall be calculated on a Pro Forma Basis for such fiscal
period as if such Pro Forma Transaction had occurred at the beginning of the applicable fiscal period (or, in the case of Consolidated Total Assets (or with respect to any determination pertaining to the balance sheet, including the acquisition of
cash and Permitted Investments), as of the last day of such fiscal period). 
 (c) Notwithstanding anything to the contrary
herein (including in connection with any calculation made on a Pro Forma Basis), to the extent that the terms of this Agreement require (i) compliance with any financial ratio or test (or the availability under
any basket (including the First Lien Leverage Ratio, Secured Leverage Ratio, Total Leverage Ratio and the amount of Adjusted EBITDA and Consolidated Total Assets and the component definitions of
any of the foregoing), (ii) the absence of a Default or Event of Default (or any type of Default or Event of Default) or (iii) the making of any representation or warranty, in each case as a condition to (A) the consummation of any
transaction in connection with any acquisition or similar Investment (including the assumption or incurrence of Indebtedness (including any Incremental Facility or Incremental Equivalent Debt)), (B) the making of any Restricted Payment and/or
(C) the making of any Restricted Indebtedness payment, in each case in connection with a (such transaction in clauses (A) through (C), a “Limited
Condition
Acquisition,Transaction”)
 at the election of the Parent Borrower (the “LCALCT Election”), the determination of whether the
relevant condition is satisfied may be made at the time (the
“LCALCT Test Time”) of (or on the basis of the financial statements for the most recently ended fiscal period at the time of) the execution of the definitive agreement with respect to such or, in respect of any transaction described in clause (B) or (C) of the definition of Limited Condition
AcquisitionTransaction,
 the delivery of notice, declaration or similar event; provided that, with respect to any transaction described in clause (B) or (C) of the definition of Limited Condition Transaction, such transaction shall be consummated no later than
270 days after the LCT Test Time; provided, further, that if financial statements for one or more subsequent fiscal quarters or fiscal years, as applicable, shall have become available prior to the consummation of the applicable Limited Condition
Transaction, the Parent Borrower may elect, in its sole discretion, to re-determine whether the relevant condition is satisfied above on the basis of such financial statements (for the avoidance of doubt,
giving Pro Forma Effect to such Limited Condition Transaction), in which case, such date of redetermination shall thereafter be deemed to be the applicable test date of such ratio, test or basket for purposes of the applicable LCT
Election. 

  
 CREDIT AGREEMENT, Page 76 












 
For the avoidance of doubt, if the Parent Borrower has made an
LCT Election and any of the ratios, tests or baskets for which compliance was determined or tested as of the LCT Test Time would have failed to have been satisfied as a result of fluctuations in any such ratio, test or basket, including due to
fluctuations in Consolidated EBITDA (including due to fluctuations of the target of any Limited Condition Transaction), at or prior to the consummation of the relevant transaction or action, such baskets, tests or ratios will not be deemed to have
failed to have been satisfied as a result of such fluctuations. If the Parent Borrower has made an
LCALCT
 Election, then, in connection with any event or transaction occurring after the relevant LCT Test Time (including the calculation of any financial ratio or test (other than with respect to determining the Applicable Rate, actual (as opposed to pro forma) compliance with the Financial Covenants and the calculation of Excess Cash
Flow and asset sale/casualty prepayment percentages)
following such LCA Test Time, in each case except to the extent any Indebtedness has been borrowed pending the consummation of any Limited Condition
Transaction, in which case Pro Forma Effect shall be given to such Limited Condition Transaction) and prior to the earlier of (i) the date on which such Limited Condition AcquisitionTransaction
 is consummated
orand
(ii) the date that the definitive agreement with respect thereto is terminated, any such
financialor date for redemption, repurchase, defeasance, satisfaction and discharge or repayment
specified in a notice for such Limited Condition Transaction or declaration is terminated, expires or passes or is revoked, as applicable, without consummation of such Limited Condition Transaction (a “Subsequent Transaction”) in
connection with which a ratio, test or basket availability calculation must be made on a Pro Forma Basis or giving Pro Forma Effect to such Subsequent Transaction, for purposes of determining whether such ratio, test or basket availability has been
complied with under this Agreement, any such ratio or, test or basket shall be calculated (and
tested)required to be satisfied on a Pro Forma
Basis assuming such Limited Condition
AcquisitionTransaction
 and other subject transactions in connection
therewith have been consummated. 
 (d) For purposes of determining the permissibility of any action, change,
transaction or event that by the terms of the Loan Documents requires a calculation of any financial ratio or test (including the First Lien Leverage Ratio, the Secured Leverage Ratio, the Total Leverage Ratio, the Interest Coverage Ratio and the
amount of Adjusted EBITDA or Consolidated Total Assets and the component definition of any of the foregoing), such financial ratio or test shall be calculated at the time (subject to clause (c) above) such action is taken
(which action, in the case of any borrowing or other credit extension under or pursuant to a revolving facility, shall all be deemed to have occurred on the date the documentation with respect to such revolving facility was first executed, to the
extent of the maximum drawing thereunder that would be permitted under such ratio or test as of such applicable date assuming such revolving facility was so drawn), such change is made, such transaction is consummated or such event occurs, as the
case may be, and no Default or Event of Default shall be deemed to have occurred solely as a result of a change in such financial ratio or test occurring after the time such action is taken, such change is made, such transaction is consummated or
such event occurs, as the case may be. 
 (e)
For purposes of determining
complianceIn the event that, at any time with Sections 6.01, 6.02,
6.03,
6.04,
6.05,
6.08 and 6.09, in the event
thatand from time to time, any Indebtedness, Lien,
merger, amalgamation, consolidation or liquidation or dissolution, Restricted Payment, Restricted Indebtedness payment, contractual restriction, Investment, Disposition or, Affiliate transaction, as applicable, meets the criteria of more than
one of the categories of 

  
 CREDIT AGREEMENT, Page 77 












 
transactions or items permitted pursuant to any clause of such Sections 6.01, 6.02, 6.03, 6.04, 6.05, 6.08 and, or 6.09 or the definition of “Incremental Amount”, the Parent Borrower, in its sole discretion, from time to time, may classify or reclassify such transaction or item (or portion thereof) and will only be required to include the amount and type of such
transaction (or portion thereof) in any one category; provided,
 that, in the case of any such transaction that may be entered into in reliance on one or more of any Incurrence-Based Amounts, on the one hand, and one or more Fixed Amounts, on the other hand, unless the Borrower elects otherwise, such transaction
shall be deemed to be entered into first in reliance on any Incurrence-Based Amounts to the maximum extent permitted thereunder;
provided,
further, that if any financial ratio or test governing any applicable Incurrence-Based Amounts is or would have been satisfied in
any subsequent period following the utilization of any Fixed Amount, such transaction (or portion thereof) shall automatically be reclassified to utilize such Incurrence-Based Amounts instead of the corresponding Fixed Amount (and the portion of the
Fixed Amount previously utilized shall be deemed to be restored and unutilized) unless otherwise elected by the Parent Borrower in its sole discretion. Further, for the avoidance of doubt, any
Indebtedness, Lien, merger, amalgamation, consolidation or liquidation or dissolution, Restricted Payment, Restricted Indebtedness payment, contractual restriction, Investment, Disposition and, Affiliate transaction and Incremental Facility and/or Incremental Loans need not be permitted
solely by reference to one category of permitted Indebtedness, Lien, Restricted Payment, Restricted Indebtedness payment, contractual restriction, Investment,
Disposition
and, Affiliate transaction and Incremental Facility and/or Incremental Loans under Sections
6.01, 6.02, 6.03, 6.04, 6.05, 6.08 and 6.09 or the definition of
“Incremental Amount”, but may instead be permitted in partypart under any combination of the clauses contained in any of such
Sections. 
 (f) Notwithstanding anything to the contrary herein, unless the Parent Borrower otherwise notifies the
Administrative Agent, with respect to any amounts incurred or transactions entered into (or consummated) in reliance on a provision of this Agreement that does not require compliance with a financial ratio or test (including the First Lien Leverage
Ratio, Secured Leverage Ratio, Total Leverage Ratio, and Interest Coverage Ratio and the amount of Consolidated Total Assets and Adjusted EBITDA and the component definitionsdefinition
 of any of the foregoing, but excluding any basket based on a certain
percentage of Consolidated EBITDA or Consolidated Total Assets) (any such amounts, the “Fixed Amounts”) substantially concurrently with any amounts incurred or transactions
entered into (or consummated) in reliance on a provision of this Agreement that requires compliance with a financial ratio or test (including the First Lien Leverage Ratio, Secured Leverage Ratio, Total Leverage Ratio, or Interest Coverage Ratio and the amount of Consolidated Total Assets and Adjusted EBITDA and the component definitions of
any of the foregoing) then in connection with any calculation of any financial ratio or basket availability (any such amounts, the “Incurrence-Based Amounts”), it is
understood and agreed that the Fixed Amounts shall be disregarded in the calculation of the financial ratio or test applicable to the Incurrence-Based Amounts. 

Section 1.11 Divisions. For all purposes under the Loan Documents, in connection with any division or plan of division under
Delaware law (or any comparable event under a different jurisdiction’s laws): (a) if any asset, right, obligation or liability of any Person becomes the asset, right, obligation or liability of a different Person, then it shall be deemed to
have been transferred from the original Person to the subsequent Person, and (b) if any new Person comes into existence, such new Person shall be deemed to have been organized and acquired on the first date of its existence by the holders of
its Equity Interests at such time. 

  
 CREDIT AGREEMENT, Page 78 












 Section 1.12 Interest Rates; LIBORBenchmark Notification. The interest rate on a Loan denominated in dollars or an Alternative Currency may be derived from an interest rate benchmark that may be discontinued or 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 London interbank offered rate is intended to represent the rate at
which contributing banks may obtain short-term borrowings from each other in the London interbank market. In July 2017, the U.K. Financial Conduct Authority announced that, after the end of 2021, it would no longer persuade or compel contributing
banks to make rate submissions to the ICE Benchmark Administration (together with any successor to the ICE Benchmark Administrator, the
“IBA”) for purposes of the IBA
setting the London interbank offered rate. As a result, it is possible that commencing in 2022, the London interbank offered rate may no longer be available or may no longer be deemed an appropriate reference rate upon which to determine the
interest rate on Eurodollar Loans. In light of this eventuality, public and private sector industry initiatives are currently underway to identify new or alternative reference rates to be used in place of the London interbank offered rate.
Upon the occurrence of a Benchmark Transition Event or an Early
Opt-In Election,
Section 
2.14(bc) provides a mechanism for determining an alternative rate of interest for the Revolving Facility. The Administrative
Agent will promptly notify the Borrower, pursuant to Section 2.14(b)(iii), of any change to the reference rate upon which the
interest rate on Eurodollar Loans is based. However, the. The Administrative Agent does not warrant or accept any responsibility for, and shall not have any liability with respect to, the
continuation, administration, submission, performance, or any other matter related to the London interbank offered rate or other rates in the definition of
“LIBO Rate”any interest rate used in this Agreement, or with respect to any
alternative or successor rate thereto, or replacement rate thereof (including (i) any such alternative, successor or replacement rate implemented pursuant
to Section 2.14(b), whether 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 2.14(b)(ii)), 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
Rateexisting interest rate being replaced or have
the same volume or liquidity as did the London interbank offered rate (or the euro interbank offered rate, as applicable)any existing interest rate prior to its discontinuance or unavailability
(it being understood that this sentence does not limit the Administrative Agent’s obligation to make any determination or calculation of such reference rate as expressly required to be made by the Administrative Agent pursuant to the terms of
this Agreement). The Administrative Agent and its affiliates and/or other related entities may engage in
transactions that affect the calculation of any interest rate used in this Agreement or any alternative, successor or alternative rate (including any Benchmark Replacement) and/or any relevant adjustments thereto, in each case, in a manner adverse
to the Borrower. The Administrative Agent may select information sources or services in its reasonable discretion to ascertain any interest rate used in this Agreement, any component thereof, or rates referenced in the definition thereof, in each
case pursuant to the terms of this Agreement, and shall have no liability to the Borrower, any Lender or any other person or entity for damages of any kind, including direct or indirect, special, punitive, incidental or consequential damages, costs,
losses or expenses (whether in tort, contract or otherwise and whether at law or in equity), for any error or calculation of any such rate (or component thereof) provided by any such information source or service. 

  
 CREDIT AGREEMENT, Page 79 












 ARTICLE II 

The Credits 

Section 2.01 Commitments. Subject to the terms and conditions set forth herein, each Lender severally agrees (a) to make Term
B Loans in dollars to the Parent Borrower on the Fifth Amendment Date in an aggregate principal amount not exceeding its Term B Commitment,
(b) prior to the Term A Commitment Termination Date, to make Term A Loans in dollars to the Parent Borrower on
each Term A Loan Funding Date in an aggregate principal amount not exceeding its Term A Commitment; provided that there shall be no more than two (2) Term A Loan Funding Dates, (c) to
make USD/Multicurrency Revolving Loans in (x) dollars or Alternative Currencies to the Parent
Borrower, (y) Canadian Dollars
toDutch Parent Borrower, the Dutch Subsidiary Borrower, the Canadian Borrower and (z) dollars or Alternative Currencies to the Dutch Parent, the German Subsidiary Borrower and the DutchBelgian Subsidiary Borrower, in each case, from time to time during the Revolving Availability Period in an aggregate principal amount that will not result in (i) the Dollar Equivalent of such Lender’s
USD/Multicurrency Revolving Exposure exceeding such Lender’s USD/Multicurrency Revolving Commitment or (ii) the aggregate Dollar Equivalent of the USD/Multicurrency Revolving Exposure of all Lenders exceeding the aggregate
USD/Multicurrency Revolving Commitment of all Lenders and
(cd) to make USD Only Revolving Loans in dollars to the Parent Borrower from time to time during the Revolving Availability Period in an aggregate principal amount that will not result in (i) such
Lender’s USD Only Revolving Exposure exceeding such Lender’s USD Only Revolving Commitment or (ii) the aggregate USD Only Revolving Exposure of all Lenders exceeding the aggregate USD Only Revolving Commitment of all Lenders. Within
the foregoing limits and subject to the terms and conditions set forth herein, the Borrowers may borrow, prepay and reborrow Revolving Loans. Amounts repaid in respect of Term Loans may not be reborrowed. 

Subject to the terms and conditions set forth herein, including Section 2.23, and in the relevant Ancillary Facility
Documents, any Revolving Lender may make one or more Ancillary Facilities available to any applicable Borrower. For the avoidance of doubt, any reference to a Loan or Letter of Credit shall not include any utilization of any Ancillary Facility. 

Section 2.02 Loans and Borrowings. 

(a) Loans Made Ratably. Each Loan (other than a Swingline Loan) shall be made as part of a Borrowing consisting of Loans
of the same Class and Type (it being understood that Loans denominated in dollars made under the USD Only
Revolving Commitment and the USD/Multicurrency Revolving Commitment shall be deemed Loans of the same “Class” for purposes hereof) made by the Lenders ratably in accordance with their
respective Commitments of the applicable Class; provided that dollar denominated Revolving Loans shall be made ratably under the combined Revolving Facility (versus under either the USD Only Revolving Facility and the USD/Multicurrency
Revolving Facility) in accordance with the Lenders’ respective Revolving Commitments. The failure of any Lender to make any Loan required to be made by it shall not relieve any other Lender of its obligations hereunder; provided that the
Commitments of the Lenders are several and no Lender shall be responsible for any other Lender’s failure to make Loans as required. 

  
 CREDIT AGREEMENT, Page 80 












 (b) Initial Type of Loans. Subject to
Section 2.14, (i) each Term B Loan
Borrowing by the Parent Borrower in dollars shall be comprised entirely of ABR Loans or Eurodollar Loans as the Parent Borrower may request in accordance herewith and each Termsuch Borrowing of Term B
Loans denominated in Euro shall be comprised entirely of Eurodollar Loans, (ii) each
Term A Borrowing by the Parent Borrower in dollars shall be comprised entirely of ABR Loans or Term Benchmark
Loans as the Parent Borrower may request in accordance herewith, (iii) each Revolving Borrowing by the Parent Borrower, the Dutch Parent Borrower and, the Dutch Subsidiary Borrower, the German Subsidiary Borrower and the
Belgian Subsidiary Borrower shall be comprised entirely of ABR Loans, EurodollarTerm Benchmark Loans or CDOR RateSONIA Loans as the relevant Borrower may request in accordance herewith and (iiiiv) subject to the next sentence, each Borrowing by the Canadian
Borrower shall be comprised entirely of CDOR Rate Loans. Each Swingline Loan shall be denominated in dollars, Canadian Dollars or, Euro or Sterling and shall be an ABR Loan, Canadian Prime Rate Loan or, a Euro Swingline Rate Loan or a Sterling Swingline Rate Loan, respectively. Each Lender at its option may make any Loan by causing any domestic or foreign branch or Affiliate of such Lender to make such Loan; provided that any exercise of such
option shall not affect the obligation of the Borrowers to repay such Loan in accordance with the terms of this Agreement. 

(c) Minimum Amounts; Limitation on Eurodollar Borrowings, Term Benchmark Borrowings and CDOR Rate Loans. At the
commencement of each Interest Period for any Eurodollar Borrowing or CDOR Rate, Term Benchmark Borrowing or SONIA Borrowing, as applicable, such
Borrowing shall be in an aggregate amount that is an integral multiple of $1,000,000 and not less than $5,000,000 (or in the Dollar Equivalent thereof with respect to Loans in any Alternative Currency other than Canadian Dollars or Euro),
€1,000,000 and not less than €5,000,000 and $C1,000,000 and not less than $C2,500,000, as applicable. At the time that each ABR Revolving Borrowing is made, such Borrowing shall be in an aggregate amount that is an integral multiple of
$100,000 and not less than $1,000,000; provided that Revolving Borrowings may be in an aggregate amount that is equal to the entire unused balance of the total Revolving Commitments or that is required to finance the reimbursement of an LC
Disbursement as contemplated by Section 2.05(e). Each Swingline Loan shall be in an amount that is an integral multiple of $1.00 (or €1 or $C1) and not less than $100,000 (or €100,000 or $C100,000). Borrowings of
more than one Type and Class may be outstanding at the same time; provided that there shall not at any time be more than a total of 15
(or such greater number as approved by the Administrative Agent) Eurodollar Borrowings, Term Benchmark Borrowings (other than CDOR Rate
Borrowings) and SONIA Borrowings and a total of 10 CDOR Rate Borrowings outstanding at any time. 

(d) Limitation on Interest Periods. Notwithstanding any other provision of this Agreement, the Borrowers shall not be
entitled to request, or to elect to convert or continue, any Borrowing as a Eurodollar Loan or CDOR Rate, Term Benchmark Loan or SONIA Loan if the Interest Period requested
with respect thereto would end after the Revolving Maturity Date, in the case of a Revolving Loan, or Term A
Loan Maturity Date, in the case of a Term A Loan, or the Term Loan B Maturity Date, in the case of a Term B Loan, as applicable. 

  
 CREDIT AGREEMENT, Page 81 












 Section 2.03 Requests for Borrowings. To request a Revolving Borrowing or Term
Borrowing, the applicable Borrower shall notify the Administrative Agent of such request by telephone (a) in the case of a Eurodollar Borrowing or a
CDOR RateTerm Benchmark Borrowing, not later than 11:00 a.m., Local Time, three
(3) Business Days before the date of the proposed Borrowing
or, (b) in the case of a SONIA Borrowing, not later than 11:00 a.m., Local
Time, five (5) SONIA Business Days before the date of the proposed Borrowing, (c) in the case of an RFR Borrowing, not later than 11:00 a.m., Local Time, five (5) Business Days before the date of the proposed Borrowing (or shorter
period acceptable to the Administrative Agent) or (d) in the case of an ABR Borrowing, not later than 11:00 a.m., Local Time, on the day of the proposed Borrowing; provided that any
such notice of an ABR Revolving Borrowing or CDOR Rate Borrowing to finance the reimbursement of an LC Disbursement as contemplated by Section 2.05(e) may be given not later than 10:00 a.m., Local Time, on the date of the
proposed Borrowing. Each such telephonic Borrowing Request shall be irrevocable and shall be confirmed promptly by telecopy or email to the Administrative Agent of a written Borrowing Request in a form approved by the Administrative Agent and signed
by the applicable Borrower. Each such telephonic and written Borrowing Request shall specify the following information in compliance with Section 2.02: 

(i) whether the requested Borrowing is to be a Revolving Borrowing, or a Term Borrowing (and, as applicable, the Class of
such Borrowing); 
 (ii) the identity of the Borrower and the aggregate amount and currency of such Borrowing; 

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

(iv) whether such Borrowing is to be an ABR Borrowing, a Eurodollar Borrowing or a CDOR Rate, a Term
Benchmark Borrowing or a SONIA Borrowing; 
 (v) in the case of a
Eurodollar Borrowing or CDOR
RateTerm Benchmark Borrowing, the initial Interest
Period to be applicable thereto, which shall be a period contemplated by the definition of the term “Interest Period”; and 

(vi) the location and number of the applicable Borrower’s account to which funds are to be disbursed, which shall comply
with the requirements of Section 2.06. 
 If no election as to the Type of a Borrowing by the Parent Borrower in dollars is
specified, then the requested Borrowing shall be an ABR Borrowing. If no Interest Period is specified with respect to any requested Eurodollar Borrowing or CDOR
RateTerm Benchmark Borrowing, then the applicable
Borrower shall be deemed to have selected an Interest Period of one month’s duration. Promptly following receipt of a Borrowing Request in accordance with this Section 2.03, the Administrative Agent shall advise each
Lender of the details thereof and of the amount of such Lender’s Loan to be made as part of the requested Borrowing. 

Section 2.04 Swingline Loans. 

(a) Commitment. Subject to the terms and conditions set forth herein, the Swingline Lender agrees to make Swingline
Loans to the Parent Borrower, the Canadian Borrower, the Dutch
Parent Borrower and, the Dutch Subsidiary Borrower in dollars and Euro and to the
Canadian, the German Subsidiary Borrower and the Belgian Subsidiary Borrower in dollars, Euro, Sterling and 

  
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Canadian Dollars, in each case, from time to time during the Revolving Availability Period, in an aggregate principal amount at any time outstanding that will not result in (i) except as may
be agreed by the Swingline Lender in its sole discretion, the Dollar Equivalent of the aggregate principal amount of outstanding Swingline Loans exceeding the Swingline Commitment (provided that, for the avoidance of doubt, if the Swingline
Lender agrees in its sole discretion to make a Swingline Loan in excess of the Swingline Commitment, any such Swingline Loan in excess of the Swingline Commitment shall constitute a Swingline Loan for all purposes of this Agreement and the other
Loan Documents), (ii) the Dollar Equivalent of the aggregate principal amount of outstanding Swingline Loans exceeding the Swingline Loan Sublimit, (iii) the Dollar Equivalent of the sum of the total Revolving Exposures exceeding the total
Revolving Commitments, (iv) the USD Only Revolving Exposures exceeding the USD Only Revolving Commitment and (v) the USD/Multicurrency Revolving Exposures exceeding the USD/Multicurrency Revolving Commitment; provided that the
Swingline Lender shall not be required to make a Swingline Loan to refinance an outstanding Swingline Loan. Within the foregoing limits and subject to the terms and conditions set forth herein, the relevant Borrower may borrow, prepay and reborrow
Swingline Loans. 
 (b) Borrowing Procedure. To request a Swingline Loan, the applicable Borrower shall notify the
Administrative Agent of such request by telephone (confirmed by telecopy or email), not later than 1:00 p.m., Local Time, on the day of a proposed Swingline Loan. Each such notice shall be irrevocable and shall specify the requested date (which
shall be a Business Day) and amount of the requested Swingline Loan; provided that any notice requesting a Swingline Loan in Canadian Dollars or, Euro or Sterling shall be accompanied by a borrowing notice for a Borrowing
(i) in the case of Canadian Dollars and Euro, three
(3) Business Days hence and (ii) in the case of Sterling, five (5) SONIA Business Days hence, in each case for a like amount of Multicurrency Revolving Loans denominated in the currency of the proposed Swingline Loan pursuant to Section 2.03 (it being understood such notice for such
Multicurrency Revolving Loans may be delivered not later than 1:00 p.m. Local Time instead of 11:00 a.m. Local Time), which notice shall only be revocable if such Swingline Loan denominated in Canadian Dollars or, Euro or Sterling is not made; the proceeds of any such Multicurrency
Revolving Loans made shall be applied by the Borrowers first, to repay the principal of such Swingline Loan and any interest owing thereunder to the Swingline Lender, with any amounts in excess thereof to be retained by the applicable Borrower. The
Administrative Agent will promptly advise the Swingline Lender of any such notice received from such Borrower. The Swingline Lender shall make each Swingline Loan available to the applicable Borrower by means of a credit to the general deposit
account of the applicable Borrower with the Swingline Lender or by wire transfer, automated clearinghouse debit or interbank transfer to such other account, accounts or Persons designated by the applicable Borrower in the applicable request (or, in
the case of a Swingline Loan made to finance the reimbursement of an LC Disbursement as provided in Section 2.05(e), by remittance to the Issuing Bank) by 3:00 p.m., Local Time, on the requested date of such Swingline Loan.

 (c) Revolving Lender Participation in Swingline Loans. The Swingline Lender may by written notice given to
the Administrative Agent not later than 10:00 a.m., Local Time, on any Business Day require the Revolving Lenders to acquire participations on such Business Day in all or a portion of the dollar denominated Swingline Loans outstanding;
provided that such dollar denominated Swingline Loans shall be participated in (and paid) under the combined Revolving 

  
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Facility (versus under either the USD Only Revolving Facility and the USD/Multicurrency Revolving Facility) in accordance with the lenders’ respective Revolving Commitments. Such notice
shall specify the aggregate amount of dollar denominated Swingline Loans in which Revolving Lenders will participate. Promptly upon receipt of such notice, the Administrative Agent will give notice thereof to each applicable Revolving Lender,
specifying in such notice such Lender’s Applicable Percentage of such Swingline Loan or Loans. Each Revolving Lender hereby absolutely and unconditionally agrees, upon receipt of notice as provided above, to pay to the Administrative Agent, for
the account of the Swingline Lender, such Lender’s Applicable Percentage of such Swingline Loan or Loans in dollars. Each Revolving Lender acknowledges and agrees that its obligation to acquire participations in Swingline Loans pursuant to this
paragraph is absolute and unconditional and shall not be affected by any circumstance whatsoever, including the occurrence and continuance of a Default or reduction or termination of the Commitments, and that each such payment shall be made without
any offset, abatement, withholding or reduction whatsoever. Each Revolving Lender shall comply with its obligation under this paragraph by wire transfer of immediately available funds, in the same manner as provided in
Section 2.06 with respect to Loans made by such Lender (and Section 2.06 shall apply, mutatis mutandis, to the payment obligations of the Revolving Lenders), and the Administrative
Agent shall promptly pay to the Swingline Lender the amounts so received by it from the Revolving Lenders. The Administrative Agent shall notify the applicable Borrower in writing of any participations in any Swingline Loan acquired pursuant to this
paragraph, and thereafter payments in respect of such Swingline Loan shall be made to the Administrative Agent and not to the Swingline Lender. Any amounts received by the Swingline Lender from the applicable Borrower (or other party on behalf of
the applicable Borrower) in respect of a Swingline Loan after receipt by the Swingline Lender of the proceeds of a sale of participations therein shall be promptly remitted to the Administrative Agent; any such amounts received by the Administrative
Agent shall be promptly remitted by the Administrative Agent to the Revolving Lenders that shall have made their payments pursuant to this paragraph and to the Swingline Lender, as their interests may appear; provided that any such payment so
remitted shall be repaid to the Swingline Lender or to the Administrative Agent, as applicable, if and to the extent such payment is required to be refunded to the applicable Borrower (or such other Person) for any reason. The purchase of
participations in a Swingline Loan pursuant to this paragraph shall not relieve the applicable Borrower of any default in the payment thereof. 

Section 2.05 Letters of Credit. 

(a) General. Subject to the terms and conditions set forth herein, the Parent Borrower, the Canadian Borrower, the Dutch Parent Borrower and, the Dutch Subsidiary Borrower, the German Subsidiary Borrower and the
Belgian Subsidiary Borrower may request the issuance of Letters of Credit denominated in dollars or Alternative Currencies for such Borrower’s own account (or the account of any of its Subsidiaries) and the Canadian Borrower may request the issuance of Letters of Credit denominated in Canadian Dollars for its
own account (or the account of any of its Subsidiaries), in a form reasonably acceptable to the Administrative Agent and the Issuing Bank, at any time and from time to time during the
Revolving Availability Period. In the event of any inconsistency between the terms and conditions of this Agreement and the terms and conditions of any form of letter of credit application or other agreement submitted by the applicable Borrower to,
or entered into by the applicable Borrower with, the Issuing Bank relating to any Letter of Credit, the terms and conditions of this Agreement shall control. 

  
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 (b) Notice of Issuance, Amendment, Renewal, Extension; Certain
Conditions. To request the issuance of a Letter of Credit (or the amendment, renewal or extension of an outstanding Letter of Credit), the applicable Borrower shall telecopy (or transmit by electronic communication, if arrangements for doing so
have been approved by the Issuing Bank) to the Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or
identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with
paragraph (c) of this Section 2.05), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare, amend, renew or extend such
Letter of Credit. If requested by the Issuing Bank, the applicable Borrower also shall submit a letter of credit application on the Issuing Bank’s standard form in connection with any request for a Letter of Credit (but any default or breach
under such application and not hereunder shall not give rise to a Default or Event of Default hereunder). A Letter of Credit shall be issued, amended, renewed or extended only if (and upon issuance, amendment, renewal or extension of each Letter of
Credit the applicable Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the Dollar Equivalent of the LC Exposure shall not exceed the Letter of Credit Sublimit,
(ii) the Dollar Equivalent of the LC Exposure with respect to such Issuing Bank shall not exceed such Issuing Bank’s Issuing Bank Sublimit (provided, that any Issuing Bank may (in its sole discretion), but shall not be obligated to,
issue Letters of Credit in excess of such Issuing Bank’s Issuing Bank Sublimit; provided further that, for the avoidance of doubt, if an Issuing Bank agrees (in its sole discretion) to issue Letters of Credit in excess of such
Issuing Bank’s Issuing Bank Sublimit, any such Letter of Credit issued in excess of such Issuing Bank’s Issuing Bank Sublimit shall constitute a Letter of Credit for all purposes of this Agreement and the other Loan Documents),
(iii) the Dollar Equivalent of the total Revolving Exposures shall not exceed the total Revolving Commitments, (iv) the USD Only Revolving Exposures exceeding the USD Only Revolving Commitment and (v) the USD/Multicurrency Revolving
Exposures exceeding the USD/Multicurrency Revolving Commitment. 
 (c) Expiration Date. Each Letter of Credit shall
expire at or prior to the close of business on the earlier of (i) unless consented to by the Issuing Bank, the date one year after the date of the issuance of such Letter of Credit (or, in the case of any renewal or extension thereof, one year
after such renewal or extension) (provided that any Letter of Credit with a one-year term may provide for the automatic renewal thereof for additional one-year
periods not to extend past the date in clause (ii) below unless the applicable Borrower shall have made arrangements reasonably satisfactory to the applicable Issuing Bank) and (ii) the date that is three
(3) Business Days prior to the Revolving Maturity Date unless the applicable Borrower shall have made arrangements reasonably satisfactory to the applicable Issuing Bank with respect to cash collateralizing or backstopping such Letter of
Credit. 

  
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 (d) Participations. By the issuance of a Letter of Credit (or an
amendment to a Letter of Credit increasing the amount thereof) and without any further action on the part of the Issuing Bank or the Lenders, the Issuing Bank hereby grants to each Revolving Lender, and each Revolving Lender hereby acquires from the
Issuing Bank, a participation in such Letter of Credit equal to such Lender’s Applicable Percentage (or in the case of a Letter of Credit denominated in an Alternative Currency, the USD/Multicurrency Applicable Percentage) of the aggregate
amount available to be drawn under such Letter of Credit. In consideration and in furtherance of the foregoing, each Revolving Lender hereby absolutely and unconditionally agrees to pay (in dollars, which in the case of a Letter of Credit not
denominated in dollars shall be determined based on the Dollar Equivalent, using the applicable Spot Rate in effect on the date such payment is required), to the Administrative Agent, for the account of the Issuing Bank, such Lender’s
Applicable Percentage (or in the case of a Letter of Credit denominated in an Alternative Currency, the USD/Multicurrency Applicable Percentage) of each LC Disbursement made by the Issuing Bank and not reimbursed by the applicable Borrower on the
date due as provided in paragraph (e) of this Section 2.05, or of any reimbursement payment required to be refunded to the applicable Borrower for any reason. Notwithstanding anything herein to the contrary, the
Administrative Agent may, in its reasonable discretion, take such actions as it deems advisable to allocate Letters of Credit and participations therein between any revolving facilities outstanding hereunder; it being understood that, subject to the
preceding, dollar denominated Letters of Credit shall be allocated (and participated in and paid) under the combined Revolving Facility (versus under either the USD Only Revolving Facility and the USD/Multicurrency Revolving Facility) in accordance
with the Lenders’ respective Revolving Commitments. Each Lender acknowledges and agrees that its obligation to acquire participations pursuant to this paragraph in respect of Letters of Credit is absolute and unconditional and shall not be
affected by any circumstance whatsoever, including any amendment, renewal or extension of any Letter of Credit or the occurrence and continuance of a Default or reduction or termination of the Commitments, and that each such payment shall be made
without any offset, abatement, withholding or reduction whatsoever. 
 (e) Reimbursement. If the Issuing Bank shall
make any LC Disbursement in respect of a Letter of Credit, the applicable Borrower shall reimburse such LC Disbursement by paying to the Administrative Agent an amount equal to such LC Disbursement in the currency of such LC Disbursement not later
than 4:00 p.m., Local Time, on the first Business Day after such LC Disbursement is made if the applicable Borrower shall have received notice of such LC Disbursement prior to 10:00 a.m., Local Time, on such date, or, if such notice has not been
received by the applicable Borrower prior to such time on such date such notice shall be deemed received on the next day and then not later than 1:00 p.m., Local Time, on the Business Day immediately following the day that the applicable Borrower is
deemed to have received such notice; provided that the applicable Borrower may, subject to the conditions to borrowing set forth herein, request in accordance with Sections 2.03 or 2.04 that such payment be
financed with an ABR Revolving Borrowing (in the case of a payment in dollars), EurodollarTerm Benchmark Borrowing (in the case of a payment in an Alternative
Currency (other than Canadian
Dollars)) and
Sterling)), a SONIA Borrowing (in the case of a payment in Sterling) or CDOR Rate
Borrowing (in the case of a payment in Canadian Dollars),
as applicable, or Swingline Loan in an equivalent amount and, to the extent so financed, the applicable Borrower’s obligation to make such payment shall be discharged and replaced by the resulting applicable Borrowing, or, if applicable,
Swingline Loan. If the applicable Borrower fails to make such payment when due, then (A) if such payment relates to a Foreign Currency Letter of Credit, automatically and with 

  
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no further action required, such Borrower’s obligation to reimburse the applicable LC Disbursement shall be permanently converted into an obligation to reimburse the Dollar Equivalent,
calculated using the applicable Spot Rate on the date when such payment was due, of such LC Disbursement and (B) in the case of each LC Disbursement the Administrative Agent shall notify each Revolving Lender of the applicable LC Disbursement,
the payment then due from the applicable Borrower in respect thereof and such Lender’s Applicable Percentage (or in the case of a Letter of Credit denominated in Alternative Currency, the USD/Multicurrency Applicable Percentage) thereof.
Promptly following receipt of such notice, each Revolving Lender shall pay to the Administrative Agent in dollars its Applicable Percentage (or in the case of a Letter of Credit denominated in Alternative Currency, the USD/Multicurrency Applicable
Percentage) of the payment then due from the applicable Borrower, in the same manner as provided in Section 2.06 with respect to Loans made by such Lender (and Section 2.06 shall apply,
mutatis mutandis, to the payment obligations of the Revolving Lenders), and the Administrative Agent shall promptly pay to the Issuing Bank the amounts so received by it from the Revolving Lenders. Promptly following receipt by the
Administrative Agent of any payment from the applicable Borrower pursuant to this paragraph, the Administrative Agent shall distribute such payment to the Issuing Bank or, to the extent that Revolving Lenders have made payments pursuant to this
paragraph to reimburse the Issuing Bank, then to such Lenders and the Issuing Bank as their interests may appear. Any payment made by a Revolving Lender pursuant to this paragraph to reimburse the Issuing Bank for any LC Disbursement (other than the
funding of ABR Revolving Loans (in the case of a payment in dollars),
EurodollarTerm
Benchmark Revolving Loans (in the case of an Alternative Currency (other than Canadian Dollars
or Sterling)), CDOR Rate Loans (in the case of Canadian Dollars), SONIA Loans (in the case of Sterling)
or a Swingline Loan as contemplated above) shall not constitute a Loan and shall not relieve the applicable Borrower of its obligation to reimburse such LC Disbursement in accordance with this Section 2.05(e). 

(f) Obligations Absolute. Each Borrower’s obligation to reimburse LC Disbursements as provided in paragraph
(e) of this Section 2.05 shall be absolute, unconditional and irrevocable, and shall be performed strictly in accordance with the terms of this Agreement under any and all circumstances whatsoever and irrespective
of (i) any lack of validity or enforceability of any Letter of Credit or any Loan Document, or any term or provision therein, (ii) any draft or other document presented under a Letter of Credit proving to be forged, fraudulent or invalid
in any respect or any statement therein being untrue or inaccurate in any respect, (iii) payment by the Issuing Bank under a Letter of Credit against presentation of a draft or other document that does not comply with the terms of such Letter
of Credit, or (iv) any other event or circumstance whatsoever, whether or not similar to any of the foregoing, that might, but for the provisions of this Section 2.05, constitute a legal or equitable discharge of, or
provide a right of setoff against, any Borrower’s obligations hereunder. Neither the Administrative Agent, the Lenders nor the Issuing Bank, nor any of their Related Parties, shall have any liability or responsibility by reason of or in
connection with the issuance or transfer of any Letter of Credit or any payment or failure to make any payment thereunder (irrespective of any of the circumstances referred to in the preceding sentence), or any error, omission, interruption, loss or
delay in transmission or delivery of any draft, notice or other communication under or relating to any Letter of Credit (including any document required to make a drawing thereunder), any error in interpretation of technical terms or any consequence
arising from causes beyond the control of the 

  
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Issuing Bank; provided that the foregoing shall not be construed to excuse the Issuing Bank or its Related Parties from liability to the applicable Borrower to the extent of any direct
damages (as opposed to consequential damages, claims in respect of which are hereby waived by the applicable Borrower to the extent permitted by applicable law) suffered by the applicable Borrower that are caused by the Issuing Bank’s gross
negligence, willful misconduct or failure to exercise care when determining whether drafts and other documents presented under a Letter of Credit comply with the terms thereof. The parties hereto expressly agree that, in the absence of gross
negligence or willful misconduct on the part of, or material breach of the terms of the Loan Documents by, the Issuing Bank, the Issuing Bank shall be deemed to have exercised care in each such determination. In furtherance of the foregoing and
without limiting the generality thereof, the parties agree that, with respect to documents presented which appear on their face to be in substantial compliance with the terms of a Letter of Credit, the Issuing Bank may, in its sole discretion,
either accept and make payment upon such documents without responsibility for further investigation, regardless of any notice or information to the contrary, or refuse to accept and make payment upon such documents if such documents are not in
strict compliance with the terms of such Letter of Credit. 
 (g) Disbursement Procedures. The Issuing Bank shall,
promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. The Issuing Bank shall promptly notify the Administrative Agent and the applicable Borrower by telephone (confirmed
by telecopy or email) of such demand for payment and whether the Issuing Bank has made or will make an LC Disbursement thereunder; provided that any failure to give or delay in giving such notice shall not relieve the applicable Borrower of
its obligation to reimburse the Issuing Bank and the Revolving Lenders with respect to any such LC Disbursement. 
 (h)
Interim Interest. If the Issuing Bank shall make any LC Disbursement, then, unless the applicable Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest,
for each day from and including the date such LC Disbursement is made to but excluding the date that the applicable Borrower reimburses such LC Disbursement, (i) in the case of LC Disbursements made in dollars, and at all times following the
conversion to dollars of an LC Disbursement made in an Alternative Currency pursuant to paragraph (e) above, at the rate per annum then applicable to ABR Revolving Loans and (ii) in the case of LC Disbursements made in an
Alternative Currency, and at all times prior to their conversion to dollars pursuant to paragraph (e) above, at the rate applicable to CDOR Rate Loans or
Eurodollar Rate, SONIA Loans or Term Benchmark
Loans denominated in an Alternative Currency (other than Canadian Dollars or Sterling), as applicable, with an Interest Period of one month’s duration determined on the date such LC Disbursement is made; provided that, if the applicable Borrower fails to reimburse such LC Disbursement
when due pursuant to paragraph (e) of this Section 2.05, then Section 2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the Issuing Bank,
except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (e) of this Section 2.05 to reimburse the Issuing Bank shall be for the account of such Lender to the
extent of such payment. 

  
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(i)
Replacement and Resignation of the Issuing Bank. 
 (i) Replacement of the Issuing Bank. An Issuing Bank may be replaced at any time by written agreement among the BorrowersParent
Borrower, the Administrative Agent, the replaced Issuing Bank and the successor Issuing
Bank.
(such successor Issuing Bank to be reasonably acceptable to the Parent Borrower). The Administrative Agent shall notify the Lenders of any such replacement of an Issuing Bank. At the time any such replacement shall become effective, the Borrowers shall pay all unpaid fees accrued for the
account of the replaced Issuing Bank pursuant to Section 2.12(b). From and after the effective date of any such replacement, (i) the successor Issuing Bank shall have all the rights and obligations of an Issuing Bank
under this Agreement with respect to Letters of Credit to be issued thereafter and (ii) references herein to the term “Issuing Bank” shall be deemed to refer to such successor or to any previous Issuing Bank, or to such successor and
all previous Issuing Banks, as the context shall require. After the replacement of an Issuing Bank hereunder, the replaced Issuing Bank shall remain a party hereto and shall continue to have all the rights and obligations of an Issuing Bank under
this Agreement with respect to Letters of Credit issued by it prior to such replacement, but shall not be required to issue additional Letters of Credit
or extend any existing Letter of Credit. 

(ii)
 Subject to the appointment and acceptance of a successor Issuing Bank in accordance with Section 2.05(i)(i) above, any Issuing Bank may resign as an Issuing Bank at any time upon thirty days’ prior written notice to the Administrative
Agent, the Parent Borrower and the Revolving Lenders, in which case, such resigning Issuing Bank shall be replaced in accordance with Section 2.05(i)(i) above. 

(j) Cash Collateralization. If any Event of Default shall occur and be continuing, on the Business Day that the
applicable Borrower receives notice from the Administrative Agent or the Required Lenders demanding the deposit of cash collateral pursuant to this paragraph, the applicable Borrower shall deposit in an account with the Administrative Agent, in the
name of the Administrative Agent and for the benefit of the Lenders, an amount in cash in dollars or, if applicable, Alternative Currency, equal to the LC Exposure as of such date plus any accrued and unpaid interest thereon; provided that
the obligation to deposit such cash collateral shall become effective immediately, and such deposit shall become immediately due and payable, without demand or other notice of any kind, upon the occurrence of any Event of Default with respect to any
Borrower described in clause (h) or (i) of Section 8.01. Each such deposit shall be held by the Administrative Agent as collateral for the payment and performance of the relevant
Obligations. The Administrative Agent shall have exclusive dominion and control, including the exclusive right of withdrawal, over such account. Other than any interest earned on the investment of such deposits, which investments shall be made at
the option and sole discretion of the Administrative Agent and at the Borrowers’ risk and expense, such deposits shall not bear interest. Interest or profits, if any, on such investments shall accumulate in such account. Monies in such account
shall be applied by the Administrative Agent to reimburse the Issuing Bank for LC Disbursements for which it has not been reimbursed and, to the extent not so applied, shall be held for the satisfaction of the reimbursement obligations of the
relevant Borrowers for the LC Exposure at such time, if the maturity of the Loans has been accelerated (but subject to the consent of Revolving Lenders with LC Exposure representing greater than 50% of the total LC Exposure), be applied to satisfy
other obligations of the relevant Borrowers under this Agreement. If any Borrower is required to provide an amount of cash collateral hereunder as a result of the occurrence of an Event of Default, such amount (to the extent not applied as
aforesaid) shall be returned to the applicable Borrower within three (3) Business Days following a request to do so after all Events of Default have been cured or waived. 

  
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 (k) Conversion. In the event that the Loans become immediately due
and payable on any date pursuant to Section 8.01, all amounts (i) that a Borrower is at the time or thereafter becomes required to reimburse or otherwise pay to the Administrative Agent in respect of LC Disbursements
made under any Foreign Currency Letter of Credit (other than amounts in respect of which such Borrower has deposited Cash Collateral pursuant to paragraph (j) above, if such Cash Collateral was deposited in the applicable Foreign
Currency to the extent so deposited or applied), (ii) that the Lenders are at the time or thereafter become required to pay to the Administrative Agent and the Administrative Agent is at the time or thereafter becomes required to distribute to the
applicable Issuing Bank pursuant to paragraph (e) of this Section 2.05 in respect of unreimbursed LC Disbursements made under any Foreign Currency Letter of Credit and (iii) of each Lender’s
participation in any Foreign Currency Letter of Credit under which an LC Disbursement has been made shall, automatically and with no further action required, be converted into the Dollar Equivalent, calculated using the applicable Spot Rates on such
date (or in the case of any LC Disbursement made after such date, on the date such LC Disbursement is made), of such amounts. On and after such conversion, all amounts accruing and owed to the Administrative Agent, the applicable Issuing Bank or any
Lender in respect of the obligations described in this paragraph (k) shall accrue and be payable in dollars at the rates otherwise applicable hereunder. 

Section 2.06 Funding of Borrowings. 

(a) By Lenders. Each Lender shall make each Loan to be made by it hereunder on the proposed date thereof by wire
transfer of immediately available funds by 12:00 noon, Local Time, to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders; provided that Swingline Loans shall be made as provided in
Section 2.04. The Administrative Agent will make such Loans available to the applicable Borrower by promptly crediting the amounts so received, in like funds, to an account of the applicable Borrower maintained with the
Administrative Agent or by wire transfer, automated clearing house debit or interbank transfer to such other account, accounts or Persons designated by the applicable Borrower in the applicable Borrowing Request; provided that Loans made to
finance the reimbursement of an LC Disbursement as provided in Section 2.05(e) shall be remitted by the Administrative Agent to the Issuing Bank. 

(b) Fundings Assumed Made. 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 paragraph (a) of this Section 2.06 and may, in reliance upon such assumption, make available to the applicable Borrower 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 applicable Borrower severally agree to pay to the Administrative Agent forthwith on demand (without duplication) such corresponding amount
with interest thereon, for each day from and including the date such amount is made available to the applicable Borrower 

  
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to but excluding the date of payment to the Administrative Agent, at (i) in the case of such Lender, the greater of the Federal Funds Effective Rate and a rate determined by the
Administrative Agent in accordance with banking industry rules on interbank compensation or (ii) in the case of the applicable Borrower, the interest rate applicable to ABR Loans, or if applicable for Borrowings denominated in an Alternative
Currency, a rate determined in a customary manner in good faith by the Administrative Agent. If such Lender pays such amount to the Administrative Agent, then such amount shall constitute such Lender’s Loan included in such Borrowing. 

Section 2.07 Interest Elections. 

(a) Conversion and Continuation. Each Revolving Borrowing and Term Borrowing initially shall be of the Type specified in
the applicable Borrowing Request and, in the case of a Eurodollar Borrowing or a CDOR RateTerm Benchmark Borrowing, shall have an initial Interest Period as
specified in such Borrowing Request. Thereafter, the applicable Borrower may elect to convert such Borrowing to a different Type or to continue such Borrowing and, in the case of a Eurodollar Borrowing or CDOR RateTerm
Benchmark Borrowing, may elect Interest Periods therefor, all as provided in this Section 2.07. The applicable Borrower may elect different options with respect to
different portions of the affected Borrowing, in which case each such portion shall be allocated ratably among the Lenders holding the Loans comprising such Borrowing, and the Loans comprising each such portion shall be considered a separate
Borrowing. This Section shall not apply to Swingline Borrowings or SONIA Borrowings, which may not be converted or continued. 
 (b) Delivery of Interest Election
Request. To make an election pursuant to this Section 2.07, the applicable Borrower shall notify the Administrative Agent of such election by telephone by the time that a Borrowing Request would be required under
Section 2.03 if the applicable Borrower were requesting a Revolving Borrowing of the Type resulting from such election to be made on the effective date of such election. Each such telephonic Interest Election Request shall
be irrevocable and shall be confirmed promptly by telecopy or email to the Administrative Agent of a written Interest Election Request in a form approved by the Administrative Agent and signed by the applicable Borrower. 

(c) Contents of Interest Election Request. Each telephonic and written Interest Election Request shall specify the
following information in compliance with Section 2.02: 
 (i) the Borrowing to which such Interest
Election Request applies and, if different options are being elected with respect to different portions thereof, the portions thereof to be allocated to each resulting Borrowing (in which case the information to be specified pursuant to
clauses (iii) and (iv) below shall be specified for each resulting Borrowing); 
 (ii)
the effective date of the election made pursuant to such Interest Election Request, which shall be a Business Day; 
 (iii)
whether the resulting Borrowing is to be an ABR Borrowing, a Eurodollar Borrowing or a CDOR RateTerm Benchmark Borrowing; and 

  
 CREDIT AGREEMENT, Page 91 












 (iv) if the resulting Borrowing is a Eurodollar Borrowing or a CDOR RateTerm
Benchmark Borrowing, the Interest Period to be applicable thereto after giving effect to such election, which shall be a period contemplated by the definition of the term “Interest
Period”. 
 If any such Interest Election Request requests a Eurodollar Borrowing or a CDOR RateTerm
Benchmark Borrowing but does not specify an Interest Period, then the applicable Borrower shall be deemed to have selected an Interest Period of one month’s duration. 

(d) Notice to the Lenders. Promptly following receipt of an Interest Election Request, the Administrative Agent shall
advise each Lender of the details thereof and of such Lender’s portion of each resulting Borrowing. 
 (e) Automatic
Conversion. If the applicable Borrower fails to deliver a timely Interest Election Request with respect to a Eurodollar Borrowing or CDOR Ratea Term Benchmark Borrowing prior to the third Business Day prior to the
end of the Interest Period applicable thereto, then, unless such Borrowing is repaid as provided herein, at the end of such Interest Period such Borrowing shall be converted to an ABR Borrowing or, in the case of Borrowings denominated in Euro or
Canadian Dollars, a Eurodollar Borrowing or a CDOR
RateTerm Benchmark Borrowing in each case with an
Interest Period of one month’s duration, respectively. 
 (f) Limitations on Election. Notwithstanding any
contrary provision hereof, if an Event of Default has occurred and is continuing and the Administrative Agent, at the request of the Required Lenders, so notifies the applicable Borrower in writing, then, so long as an Event of Default is continuing
(i) no outstanding Borrowing denominated in dollars may be converted to or continued as a Eurodollar Borrowing or
Term Benchmark Borrowing, (ii) unless repaid, each Eurodollar Borrowing
and Term Benchmark Borrowing denominated in dollars shall
be converted to an ABR Borrowing at the end of the Interest Period applicable thereto and (iii) each Borrowing denominated in an Alternative Currency will, at the expiration of the then current Interest Period of each such Borrowing, be
automatically continued as a Borrowing of Eurodollar Loans or CDOR
RateTerm Benchmark Loans, as applicable, with an
Interest Period of one month. 
 Section 2.08 Termination and Reduction of Commitments. 

(a) Termination Date. Unless previously terminated, the Revolving Commitments shall terminate on the Revolving Maturity
Date. Unless previously terminated, the Term A Commitments shall terminate (i) in the event a Term A Loan is
funded, upon the making of such Term A Loan in a corresponding amount and (ii) in any event, on the Term A Commitment Termination Date. 

(b) Optional Termination or Reduction. The Parent Borrower may at any time terminate, or from time to time reduce, the
Commitments of any Class; provided that (i) each reduction of the Commitments of any Class shall be in an amount that is an integral multiple of $1,000,000 and not less than $5,000,000 (or, if less, the remaining amount of the
relevant Commitments) and (ii) the Parent Borrower shall not terminate or reduce the Revolving 

  
 CREDIT AGREEMENT, Page 92 












 
Commitments if, after giving effect to any concurrent prepayment of the Revolving Loans in accordance with Section 2.11, (i) any Lender’s Revolving Exposure exceeds
such Lender’s Revolving Commitment or (ii) the aggregate Revolving Exposure of all Lenders exceeds the aggregate Revolving Commitment of all Lenders, in each case, calculated based on the Dollar Equivalent amount as of such date of
termination or reduction. 
 (c) Notice of Termination or Reduction. The Parent Borrower shall notify the
Administrative Agent of any election to terminate or reduce the Commitments under paragraph (b) of this Section 2.08 at least three (3) Business Days (or such shorter period as shall be agreed by the
Administrative Agent) prior to the effective date of such termination or reduction, specifying such election and the effective date thereof. Promptly following receipt of any notice, the Administrative Agent shall advise the Lenders of the contents
thereof. Each notice delivered by the Parent Borrower pursuant to this Section 2.08(c) shall be irrevocable; provided that a notice of termination of the Revolving Commitments delivered by the Parent Borrower may
state that such notice is conditioned upon the effectiveness of other transactions, in which case such notice may be revoked by the Parent Borrower (by notice to the Administrative Agent on or prior to the specified effective date) if such condition
is not satisfied. Any termination or reduction of the Commitments of any Class shall be permanent. Each reduction of the Commitments of any Class shall be made ratably among the Lenders in accordance with their respective Commitments of
such Class. 
 Section 2.09 Repayment of Loans; Evidence of Debt. 

(a) Promise to Pay. Each Borrower hereby unconditionally promises to pay (i) to the Administrative Agent for the
account of each Revolving Lender the then unpaid principal amount of each Revolving Loan of such Lender made to such Borrower on the Revolving Maturity Date, (ii) to the Administrative Agent for the account of each Term Lender the then unpaid
principal amount of each Term Loan of such Lender made to such Borrower as provided in Section 2.10 and (iii) to the Swingline Lender the then unpaid principal amount of each Swingline Loan made to such Borrower on the
earlier of the Revolving Maturity Date and the day that is ten (10) Business Days after such Swingline Loan is made; provided that on each date that a Revolving Borrowing is made, the Borrowers shall repay all Swingline Loans then
outstanding. 
 (b) Lender Records. Each Lender shall maintain in accordance with its usual practice an account or
accounts evidencing the indebtedness of each Borrower to such Lender resulting from each Loan made by such Lender, including the amounts of principal and interest payable and paid to such Lender by such Borrower from time to time hereunder. 

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

  
 CREDIT AGREEMENT, Page 93 












 (d) Prima Facie Evidence. The entries made in the accounts maintained
pursuant to paragraph (b) or (c) of this Section 2.09 shall be prima facie evidence of the existence and amounts of the obligations recorded therein absent manifest error; provided
that the failure of any Lender or the Administrative Agent to maintain such accounts or any error therein shall not in any manner affect the obligation of the Borrowers to repay the Loans in accordance with the terms of this Agreement;
provided, further, that in the event of any inconsistency between such accounts of the Administrative Agent and any Lender’s records, the Administrative Agent’s accounts shall govern. 

(e) Request for a Note. Any Lender may request that Loans of any Class made by it be evidenced by a promissory
note; provided that any such promissory notes to be issued on the Effective Date shall be requested by the relevant Lender at least five (5) Business Days prior to the Effective Date. In such event, the applicable Borrower shall prepare,
execute and deliver to such Lender a promissory note payable to the order of such Lender (or, if requested by such Lender, to such Lender and its registered assigns) and in a form approved by the Administrative Agent. Thereafter, the Loans evidenced
by such promissory note and interest thereon shall at all times (including after assignment pursuant to Section 10.04) be represented by one or more promissory notes in such form payable to the order of the payee named
therein (or, if such promissory note is a registered note, to such payee and its registered assigns); provided that in the event of any assignment of Loans evidenced by a promissory note, the applicable Borrower shall not be obligated to
execute and deliver a promissory note to the assignee of such Loans unless and until the assignor Lender has returned its promissory note to the relevant Borrower or the relevant Borrower has received a lost note affidavit and indemnity from the
assigning Lender in form and substance reasonably acceptable to the relevant Borrower. 
 Section 2.10 Amortization of Term
Loans. 
 (a) [Reserved]. 

(a)
 Term A Loans. The Parent Borrower shall repay the Term A Loans made to it in dollars in quarterly principal installments as follows: 

(i)
 in the amount of 0.25% of the aggregate principal amount of Term A Loans outstanding on the Term A Commitment Termination Date, each, due and payable on the last day of each March, June, September and December, of each year commencing on the
last day of such month falling on or after the last day of the first full fiscal quarter of the Parent Borrower following the second anniversary of the Seventh Amendment Date and continuing until the last day of such quarterly period ending
immediately prior to the Term A Loan Maturity Date; and 
 (ii) one final installment in the amount of the relevant Term A Loans then outstanding, due and payable on the Term A Loan
Maturity Date. 
 (b) Term B Loans. Each Borrower shall
repay the Term B Loans made by it in the applicable currency of such Term B Loans in quarterly principal installments as follows: 

  
 CREDIT AGREEMENT, Page 94 












 (i) in the amount of 0.25% of the aggregate principal amount of the
relevant Term B Loans made on the Fifth Amendment Date, each, due and payable on the last day of each March, June, September and December, of each year commencing on the last day of such month falling on or after the last day of the first full
fiscal quarter of the Parent Borrower following the Fifth Amendment Date and continuing until the last day of such quarterly period ending immediately prior to the Term B Loan Maturity Date; and 

(ii) one final installment in the amount of the relevant Term B Loans then outstanding, due and payable on the Term B Loan
Maturity Date; 
 Prior to any repayment of any Term Borrowings, the Parent Borrower shall select the Class and Borrowing or Borrowings to be repaid
and shall notify the Administrative Agent by telephone (confirmed by telecopy) of such selection not later than 12:00 p.m., Local Time, three (3) Business Days before the scheduled date of such repayment; provided that to the extent the
Parent Borrower does not specify in such notice the Borrowing or Borrowings to be repaid the Administrative Agent shall first apply such amounts to ABR Loans and/or, in the case of Alternative Currencies, CDOR
RateEurodollar Loans or Eurodollar RateTerm
Benchmark Loans, as applicable, and thereafter use commercially reasonable efforts to minimize the cost to the Parent Borrower of such repayment under Section 2.16. Each
repayment of a Class and Borrowing shall be applied ratably to the Loans included in the repaid Class and Borrowing. Repayments of Term Borrowings shall be accompanied by accrued interest on the amount repaid. 

Section 2.11 Prepayment of Loans. 

(a) Optional Prepayment. The applicable Borrower shall have the right at any time and from time to time to prepay any
Borrowing of any Class in whole or in part without prepayment penalty or premium, subject to the requirements of this Section 2.11 and Section 2.16; provided that in the event that,
prior to the date that is six months following the Fifth Amendment Date, the Parent Borrower (x) prepays, refinances, substitutes or replaces any Term B Loans in connection with a Repricing Transaction (including, for avoidance of doubt, any
prepayment made pursuant to Section 2.22 that constitutes a Repricing Transaction), or (y) effects any amendment of this Agreement resulting in a Repricing Transaction, the Borrower shall pay to the Administrative
Agent, for the ratable account of each of the applicable Lenders (1) in the case of clause (x), a prepayment premium of 1.00% of the aggregate principal amount of the Term B Loans so prepaid, refinanced, substituted or
replaced and (2) in the case of clause (y), a fee equal to 1.00% of the aggregate principal amount of the applicable Term B Loans outstanding immediately prior to such amendment. 

(b) Mandatory Prepayment of Revolving Loans. In the event and on such occasion that (i) such Lender’s
Revolving Exposure exceeds such Lender’s Revolving Commitment, (ii) the aggregate USD/Multicurrency Revolving Exposure of all Lenders exceeds the aggregate USD/Multicurrency Revolving Commitment of all Lenders or (iii) the aggregate
USD Only Revolving Exposure of all Lenders exceeds the aggregate USD Only Revolving Commitment of all Lenders, in each case calculated based on the Dollar Equivalent amount as of the applicable date of determination, the applicable Borrower shall
prepay Revolving Borrowings or Swingline Borrowings in an aggregate amount to eliminate such excess. 

  
 CREDIT AGREEMENT, Page 95 












 Upon the incurrence by Parent Borrower or any Restricted Subsidiary of any Specified
Refinancing Debt constituting revolving credit facilities, the Borrowers shall prepay an aggregate principal amount of Revolving Loans in an amount equal to 100% of all Net Cash Proceeds received therefrom immediately upon receipt thereof by Parent
Borrower or such Restricted Subsidiary. 
 (c) Mandatory Prepayments from Net Proceeds of Prepayment Event. In the
event and on each occasion that any Net Proceeds are received by or on behalf of the Parent Borrower or any Restricted Subsidiary in respect of any Prepayment Event, the Parent Borrower shall, within three (3) Business Days after such Net
Proceeds are received, prepay or cause to be prepaid Term Borrowings (on a ratable basis among any outstanding
Term A Loans and Term B Loans based on the outstanding
principal amounts thereof) in an aggregate amount equal to 100% of such Net Proceeds; provided that: 
 (i)
subject to the terms of clause (ii) below, in the case of any event described in clauses (a) or (b) of the definition of the term Prepayment Event, if the Parent Borrower and the
Subsidiaries intend to apply the Net Proceeds from such event, within 18 months after receipt of such Net Proceeds, to acquire or replace assets or repair, improve or maintain assets to be used in the business of, or otherwise useful in the
operations of, the Parent Borrower and the Restricted Subsidiaries, including, without limitation, to make an acquisition permitted by Section 6.04(l), to engage in an Asset Swap permitted by
Section 6.04(k) or to make an Investment permitted by Section 6.04(q), (s) or (u), then no prepayment shall be required pursuant to this clause (c) in
respect of such event except to the extent of any Net Proceeds therefrom that have not been so applied within 18 months (or in the case of a commitment in respect of an application within such 18 months, 24 months) after receipt of such Net
Proceeds, at which time a prepayment shall be required in an amount equal to the Net Proceeds that have not been so applied; 

(ii) Net Proceeds from a Prepayment Event shall only be required to be used to prepay Term Borrowings under this
clause (c) to the extent such Net Proceeds received from any single Prepayment Event exceed $20,000,00040,000,000, and such excess Net Proceeds, when added to the aggregate
amount of excess Net Proceeds received from all Prepayment Events occurring in the same fiscal year which are not reinvested pursuant to this clause (c) exceed $40,000,00080,000,000
 (in which event the aggregate amount of such excess Net Proceeds from all such Prepayment Events in excess of
$40,000,00080,000,000,
 shall then be required to be used to prepay the Term Borrowings under this clause (c)); and 

(iii) if the Secured Leverage Ratio as calculated as of the last day of the most recent four (4) fiscal quarter period
then ended for which financial statements have been delivered pursuant to Section 5.01(a) or (b) prior to the Prepayment Event is less than
(x) 2.75 to 1.00, then the 100% threshold above shall be
reduced to 50%, (y) 2.00 to 1.00, then the 50% threshold shall be reduced to 25% or (z) 1.50 to 1.00, then
the 25% threshold shall be reduced to 0%, for such Prepayment Event in the case of any event described in clauses (a) or (b) of the definition of the term
Prepayment Event. 

  
 CREDIT AGREEMENT, Page 96 












 (d) Excess Cash Flow Prepayment. Following the end of each Applicable
Fiscal Year, the Parent Borrower shall prepay Term B Loans (ratably in accordance with the outstanding amount of each Class thereof) in an aggregate amount equal to the sum of: (i) 50% of Excess Cash Flow for such Applicable Fiscal Year;
minus (ii) the aggregate amount of voluntary prepayments made on theany Term B Loans during such Applicable Fiscal Year or on or prior to the date such Excess Cash Flow payment is due (other than prepayments funded with the proceeds of long-term Indebtedness (other than revolving
Indebtedness) and without duplication for any deduction of any such prepayment in respect of the prior fiscal year); minus (iii) the aggregate amount of voluntary prepayments made on the Revolving Loans during such Applicable Fiscal Year
or on or prior to the date such Excess Cash Flow payment is due (and without duplication for any deduction of any such prepayment in respect of the prior fiscal year) that were accompanied by a permanent reduction of the Revolving Commitments;
minus (iv) the amount of any reduction in the outstanding amount of any Term B Loans
resulting from any purchase or assignment in cash made in accordance with Section 10.04(e) of this Agreement (including in connection with any Dutch auction), provided the opportunity for such purchase or assignment is
offered to all Lenders of the applicable Class of Term B Loans. Each prepayment pursuant to this clause (d) shall be made within five (5) Business Days
after the date on which financial statements are delivered pursuant to Section 5.01(a) with respect to the Applicable Fiscal Year for which Excess Cash Flow is being calculated; provided that if the Secured Leverage
Ratio as calculated as of the last day of the relevant Applicable Fiscal Year is (x) less than 3.50 to 1.00, then the 50% threshold above shall be reduced to 25% and (y) less than 3.00 to 1.00, no prepayment will be required under this
clause (d) for such fiscal year. As used in this clause, the term “Applicable Fiscal Year” means each fiscal year, beginning with the fiscal year ending on or about December 31, 2018.

 (e) Notwithstanding any other provisions of Section 2.11(c), (i) to the extent
that (and for so long as) any of or all the Net Cash Proceeds of any Prepayment Event giving rise to a mandatory prepayment pursuant to Section 2.11(c) are prohibited or restricted by applicable local law from being
repatriated to the jurisdiction of organization of the Parent Borrower or would conflict with the fiduciary duties of any Subsidiary’s directors, officers, employees, managers (or any Persons with equivalent responsibilities) or could be
expected to result in a risk of criminal or personal liability for such Persons, an amount equal to the portion of such Net Cash Proceeds so affected will not be required to be applied to repay the relevant Term Loans at the times provided in
Section 2.05(c) but may be retained by the applicable Restricted Subsidiary so long as the applicable local law will not permit such repatriation to the Parent Borrower (the Parent Borrower hereby agreeing to cause the
applicable Restricted Subsidiary to promptly take all commercially reasonable actions available under applicable local law to permit such repatriation) or such conflict or risk exists, and once such repatriation of any such affected Net Cash
Proceeds is permitted under the applicable local law, an amount equal to such Net Cash Proceeds will be promptly applied (net of additional Taxes payable or reserved against as a result of such repatriation or potential repatriation) or such
conflict or risk of liability exists to the repayment of the Term Loans pursuant Section 2.11(c) and Section 2.11(d) and (B) to the extent that the Borrower has determined in good faith that
repatriation of any of or all of the Net Cash Proceeds of any Prepayment Event to the jurisdiction of organization of the Parent Borrower would have a material adverse Tax consequence with respect to such Net Cash Proceeds (taking into account any
foreign tax credit or benefit that would be realized in connection with such repatriation), the Net Cash Proceeds so affected may be retained by the applicable Restricted Subsidiary. 

  
 CREDIT AGREEMENT, Page 97 












 (f) Notice of Prepayment; Application of Prepayments. The applicable
Borrower shall notify the Administrative Agent (and, in the case of prepayment of a Swingline Loan, the Swingline Lender) by telephone (confirmed by telecopy or email) of any prepayment hereunder (i) in the case of optional prepayment of a
Eurodollar Borrowing or CDOR
RateTerm Benchmark Borrowing, not later than 11:30
a.m., Local Time (or such later time as the Administrative Agent may agree), three (3) Business Days before the date of prepayment, (ii) in the case of optional prepayment of an ABR Borrowing, not later than 11:30 a.m., Local Time (or such
later time as the Administrative Agent may agree), one Business Day before the date of prepayment or,
(iii) in the case of optional prepayment of a
SONIA Borrowing, not later than 11:30 a.m., Local Time (or such later time as the Administrative Agent may agree), five SONIA Business Days before the date of prepayment, (iv) in the case of optional prepayment of an RFR Borrowing, not later
than 11:30 a.m., Local Time (or such later time as the Administrative Agent may agree), five Business Days before the date of prepayment or (v) in the case of optional prepayment of a
Swingline Loan, not later than 12:00 noon, Local Time, (or such later time as the Administrative Agent may agree), on the date of prepayment. Each such notice shall be irrevocable and shall specify the prepayment date, the principal amount of each
Borrowing or portion thereof to be prepaid and, in the case of a mandatory prepayment, a reasonably detailed calculation of the amount of such prepayment; provided that, a notice of prepayment delivered by the applicable Borrower may state
that such notice is conditioned upon the effectiveness of other transactions, in which case such notice of prepayment may be revoked by the applicable Borrower (by notice to the Administrative Agent on or prior to the specified effective date) if
such condition is not satisfied. Promptly following receipt of any such notice (other than a notice relating solely to Swingline Loans), the Administrative Agent shall advise the Lenders of the contents thereof. Each partial optional prepayment of
any Borrowing shall be in an amount that would be permitted in the case of an advance of a Borrowing of the same Type as provided in Section 2.02. Each prepayment of Loans pursuant to this Section shall be applied
ratably to each Class of Loans required to be prepaid in connection with this Section. Prepayments shall be accompanied by accrued interest to the extent required by Section 2.13. Prepayments of Term Loans pursuant to
Section 2.11(a), (c) or (d) shall be applied to the scheduled installments as directed by the Parent Borrower (or, in the absence of direction from the Parent Borrower, to the remaining scheduled
installments in respect of such Class of Term Loans in direct order of maturity). The amount of such prepayments shall be applied on a pro rata basis to the Class of Loans being prepaid irrespective of whether such outstanding Loans are
ABR Loans, Canadian Prime Rate Loans, CDOR Rate Loans or Eurodollar Loans;, Term Benchmark Loans or
SONIA Loans, provided that such mandatory prepayment shall be applied first to the then outstanding Loans that are ABR Loans or, Canadian Prime Rate Loans or SONIA Loans, as applicable, and then to the then outstanding Loans that are CDOR Loans or Eurodollar Loans or Term Benchmark Loans, as applicable, in a manner that minimizes the amount of any payments required to be made pursuant to Section 2.16. 

(g) Upon the incurrence or issuance by Parent Borrower or any Restricted Subsidiary of any Refinancing Notes, any Specified
Refinancing Term Loans or any Refinancing Junior Loans, the Borrowers shall prepay an aggregate principal amount of the Class of Term Loans and/or Revolving Loans being refinanced in an amount equal to 100% of all Net Cash Proceeds received
therefrom immediately upon receipt thereof by Parent Borrower or such Restricted Subsidiary in a manner consistent with clause (f) above. 

  
 CREDIT AGREEMENT, Page 98 












 For the avoidance of doubt, and notwithstanding the other provisions of this Agreement, if, at any time any
Borrower would be required to prepay the Term Loans pursuant to clause (c) or (d) above, such Borrower is required to offer to prepay or repurchase any Incremental Equivalent Debt or Refinancing Notes, Specified
Refinancing Term Loans or other Indebtedness that is pari passu with the Term Loans in right of payment and with respect to security pursuant to the terms of the documentation governing such Indebtedness in connection with the circumstances
described in clause (c) or (d), as applicable (such Indebtedness, the “Other Applicable Indebtedness”), then such Borrower may apply the amounts required to be prepaid or used to repurchase on a pro
rata basis (determined on the basis of the aggregate outstanding principal amount of the Term Loans and the Other Applicable Indebtedness at such time; provided that the portion of such prepayment allocated to any Other Applicable
Indebtedness shall not exceed the amount required to be allocated to such Other Applicable Indebtedness pursuant to the terms thereof, and the remaining amount, if any, shall be allocated to the Term Loans in accordance with the terms hereof) to the
prepayment of the Term Loans and the prepayment or repurchase of the Other Applicable Indebtedness, and the amount of the prepayment of the Term Loans that would have otherwise been required pursuant to such clause (c) or
(d) shall be reduced accordingly on a dollar-for-dollar basis; provided that, to the extent the holders of the Other Applicable Indebtedness decline
to have such Other Applicable Indebtedness prepaid or repurchased, the declined amount shall promptly be applied to prepay the Term Loans in accordance with the terms hereof. 

Section 2.12 Fees. 

(a)
 Commitment Fees. 

(ai) Revolving Commitment FeesFee. The Parent Borrower agrees to pay to the Administrative Agent for the account of each Revolving Lender a commitment fee, which shall accrue at the Applicable Rate on the average daily unused amount of each
Revolving Commitment of such Lender during the period from and including the Effective Date to but excluding the date on which such Revolving Commitment terminates. Accrued commitment fees in respect of the Revolving Commitments shall be payable in
arrears on the date which is three (3) Business Days following the last day of each March, June, September and December of each year and on the date on which the Revolving Commitments terminate, commencing on the first such date to occur after
the date hereof. All commitment fees shall be computed on the basis of a year of 360 days and shall be payable for the actual number of days elapsed (including the first day but excluding the last day). A Revolving Commitment of a Lender shall be
deemed to be used to the extent of the outstanding Revolving Loans and LC Exposure of such Lender (and the Swingline Exposure of such Lender shall be disregarded for such purpose). 

(ii)
 Term A Commitment Fee. The Parent Borrower agrees to pay
to the Administrative Agent for the account of each Term A Lender a commitment fee, which shall accrue at the Applicable Rate on the average daily unused amount of each Term A Commitment of such Lender during the period from and including the
Seventh Amendment Date to but excluding the Term A Commitment Termination Date. Accrued commitment 

  
 CREDIT AGREEMENT, Page 99 












 
fees in respect of the Term A Commitments shall be payable in
arrears on the date which is three (3) Business Days following the last day of each March, June, September and December of each year and on the Term A Commitment Termination Date, commencing on the first such date to occur after the Seventh
Amendment Date. All commitment fees shall be computed on the basis of a year of 360 days and shall be payable for the actual number of days elapsed (including the first day but excluding the last day). A Term A Commitment of a Lender shall be deemed
to be used to the extent of the outstanding Term A Loans of such Lender. 

(b) Letter of Credit Fees. The Parent Borrower agrees to pay: 

(i) Participation Fee. To the Administrative Agent for the account of each Revolving Lender a participation fee with
respect to its participations in Letters of Credit, which shall accrue at the Applicable Rate for EurodollarTerm Benchmark Borrowings (or CDOR RateSONIA Borrowings in the case of Letters of Credit denominated in Canadian DollarsSterling) on the average daily amount of such Lender’s LC Exposure
(excluding any portion thereof attributable to unreimbursed LC Disbursements) during the period from and including the Effective Date to but excluding the later of the date on which such Lender’s Revolving Commitment terminates and the date on
which such Lender ceases to have any LC Exposure; 
 (ii) Standby Letter of Credit Fronting Fees. To the
Issuing Bank a fronting fee with respect to standby Letters of Credit, which shall accrue at the rate of 0.10% per annum on the average daily amount of the LC Exposure (excluding any portion thereof attributable to unreimbursed LC Disbursements)
attributable to standby Letters of Credit during the period from and including the Effective Date to but excluding the later of the date of termination of the Revolving Commitments and the date on which there ceases to be any LC Exposure with
respect to standby Letters of Credit; 
 (iii) Commercial Letters of Credit Fronting Fees. To the Issuing Bank a
fronting fee with respect to each commercial Letter of Credit, which fee shall equal the product of 1.00% of the initial stated amount of such commercial Letter of Credit multiplied by a fraction, the numerator of which is the number of days
included in the term of such commercial Letter of Credit and whose denominator is 360; and 
 (iv) Issuing Bank Standard
Fees. The Issuing Bank’s standard fees with respect to the issuance, amendment, renewal or extension of any Letter of Credit or processing of drawings thereunder. 

Participation fees and standby Letter of Credit fronting fees accrued through and including the last day of March, June, September and December of each year
shall be payable on the third Business Day following such last day, commencing on the first such date to occur after the Effective Date; provided that: (A) all such fees shall be payable on the date on which the Revolving Commitments
terminate; (B) any such fees accruing after the date on which the Revolving Commitments terminate shall be payable on demand; and (C) all fronting fees payable with respect to commercial Letters of Credit shall be payable on the date of
the issuance thereof. Any other fees payable to the Issuing Bank pursuant to this paragraph shall be payable 

  
 CREDIT AGREEMENT, Page 100 












 
within 10 days after demand. All participation fees and standby Letter of Credit fronting fees shall be computed on the basis of a year of 360 days and shall be payable for the actual number of
days elapsed (including the first day but excluding the last day). 
 (c) Agent Fees. The Parent Borrower agrees to
pay to the Administrative Agent, for its own account, fees payable in the amounts and at the times separately agreed upon between the Parent Borrower and the Administrative Agent. 

(d) Payment of Fees. All fees payable hereunder shall be paid in dollars on the dates due, in immediately available
funds, to the Administrative Agent (or to the Issuing Bank, in the case of fees payable to it) for distribution, in the case of commitment fees and participation fees, to the Lenders entitled thereto. Fees paid shall not be refundable under any
circumstances. 
 (e) Ancillary Facility Fees. The amount and timing of payments of fees in respect of any Ancillary
Facility will be agreed by the relevant Ancillary Lender and the Borrower under such Ancillary Facility. 
 Section 2.13
Interest. 
 (a) ABR Borrowings/Canadian Prime Rate Swingline. The Loans comprising each ABR Borrowing
(including each applicable Swingline Loan denominated in dollars) shall bear interest at the Alternate Base Rate plus the Applicable Rate for ABR Borrowings. Each Swingline Loan denominated in Canadian Dollars shall bear interest at the Canadian
Prime Rate plus the Applicable Rate for Canadian Prime Rate Borrowings. Each Swingline Loan denominated in Euro shall bear interest at the Euro Swingline
RateAdjusted Daily Simple ESTR plus the Applicable
Rate for Euro Swingline Rate Borrowings. Each Swingline Loan denominated in Sterling shall bear interest at the
Adjusted Daily Simple SONIA plus the Applicable Rate for Sterling Swingline Rate Borrowings. 

(b) Eurodollar Borrowings/CDOR
RateTerm Benchmark
Borrowings. The Loans comprising each Eurodollar Borrowing shall bear interest at the Adjusted LIBO Rate for the Interest Period in effect for such Borrowing plus the Applicable Rate for Eurodollar Borrowings. The Loans comprising each
CDOR RateTerm
Benchmark Borrowing shall bear interest at the Adjusted
Term SOFR Rate (in the case of such Borrowings in dollars), the Adjusted EURIBOR Rate (in the case of such Borrowings in Euro) or the CDOR Loan Rate (in the case of such Borrowings in Canadian Dollars) for the Interest
Period in effect for such CDOR Rate Borrowing plus the Applicable Rate.
for Term Benchmark Revolving Borrowings or Term Benchmark Term A Loan Borrowings, as applicable. The Loans
comprising each SONIA Borrowing shall bear interest at the Adjusted Daily Simple SONIA plus the Applicable Rate. 

(c) Default Interest. Notwithstanding the foregoing, if any principal of or interest on any Loan or any fee payable by
the applicable Borrower hereunder is not paid when due, whether at stated maturity, upon acceleration or otherwise, such overdue amount shall bear interest, after as well as before judgment, to the extent permitted under applicable law, at a rate per annum equal
to (i) in the case of overdue principal of any Loan, 2% plus the rate otherwise applicable to such Loan as provided in the preceding paragraphs of this Section 2.13 or (ii) in the case of any other


  
 CREDIT AGREEMENT, Page 101 












 
amount, 2% plus the rate then applicable to ABR Revolving Loans (in the case of amounts owing in dollars), Canadian Prime Rate Borrowings (in the case of amounts owing in Canadian Dollars
in respect of Swingline Loans), CDOR Rate Loans with an Interest Period of one month’s duration determined on the date such amounts were due and then on each
monthly anniversary thereof (in the case of any other such amounts owing in Canadian Dollars) or Eurodollar
Rateor Term Benchmark Loans with an Interest
Period of one month’s duration determined on the date such amounts were due and then on each monthly anniversary thereof (in the case of any other such amounts owing in an Alternative Currency other than Canadian Dollars), in each case, as provided in paragraph (a), or if applicable, paragraph
(b), of this Section 2.13. 
 (d) Payment of Interest. Accrued interest on each
Loan shall be payable in arrears on each Interest Payment Date for such Loan occurring after the Effective Date and, in the case of Revolving Loans, upon termination of the Revolving Commitments; provided that (i) interest accrued
pursuant to paragraph (c) of this Section 2.13 shall be payable on demand, (ii) in the event of any repayment or prepayment of any Loan (other than a prepayment of an ABR Revolving Loan prior to the end of
the Revolving Availability Period), accrued interest on the principal amount repaid or prepaid shall be payable on the date of such repayment or prepayment and (iii) in the event of any conversion of any Eurodollar Loan or CDOR RateTerm
Benchmark Loan prior to the end of the current Interest Period therefor, accrued interest on such Loan shall be payable on the effective date of such conversion. 

(e) Computation. All interest hereunder shall be computed on the basis of a year of 360 days, except that interest
computed by reference to the Alternate Base Rate or the Canadian Prime Rate at times when the Alternate Base Rate or Canadian Prime Rate is based on the Prime Rate or other applicable “prime rate”, and the CDOR Loan Rate and
interestAdjusted
 Daily Simple SONIA with respect to Borrowings denominated in Sterling, in each case, shall be computed on the basis of a year of 365 days (or, except with respect to Sterling, 366 days in a leap
year), and in each case shall be payable for the actual number of days elapsed (including the first day but excluding the last day). The applicable Alternate Base Rate, Adjusted LIBO Rate and, Adjusted Term SOFR
Rate, Adjusted EURIBOR Rate, CDOR Loan Rate, Adjusted Daily
Simple SONIA and Adjusted Daily Simple ESTR shall be determined by the Administrative Agent, and such determination shall be conclusive absent manifest error. 

(f) Interest Act (Canada). For purposes of disclosure pursuant to the Interest Act (Canada) (R.S.C. 1985, c.I15, as
amended), the annual rates of interest or fees to which the rates of interest or fees provided in this Agreement and the other Loan Documents (and stated herein or therein, as applicable, to be computed on the basis of 365 days (or 366 days in a
leap year)) are equivalent are the rates so determined multiplied by the actual number of days in the applicable calendar year and divided by 365 days (or 366 days in a leap year), respectively. The principle of deemed reinvestment of interest does not apply to any interest calculation under this Agreement or any
other Loan Documents, and the rates of interest stipulated in this Agreement and the other Loan Documents are intended to be nominal rates and not effective rates or yields. 

(g) The amount and timing of payments of interest in respect of any Ancillary Facility will be agreed by the relevant Ancillary
Lender and the applicable Borrower under such Ancillary Facility. 

  
 CREDIT AGREEMENT, Page 102 












 Section 2.14 Alternate Rate of Interest. 

(a) Subject to clauses (b), (c), (d) and (e) of this Section 2.14
Solely with respect to the Revolving FacilityTerm B
Loans, if prior to the commencement of any Interest Period for a Eurodollar Borrowing or CDOR Borrowing, as
applicable: 
 (i) the Administrative Agent determines
(which determination shall be conclusive absent manifest error) that adequate and reasonable means (including by means of an Interpolated Rate) do not exist for ascertaining the Adjusted LIBO Rate or CDOR Rate, as applicable (other than, with respect to the Revolving Facility, as a result of a Benchmark Transition Event or any Early
Opt-in Election) (including because the LIBO Screen Rate is not available or published on a current basis), for the applicable
Agreed Currency and such Interest Period; or 
 (ii) the Administrative Agent is advised by the Required Lenders that the Adjusted LIBO Rate 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 Borrowers and the Lenders by telephone, telecopy or email as promptly as practicable thereafter and, until the Administrative Agent notifies the Borrowers and the Lenders that the circumstances
giving rise to such notice no longer exist, (i) any Interest Election Request that requests the conversion of any Term B Loan Borrowing to, or continuation of any Term B Loan Borrowing as, a Eurodollar Borrowing shall be ineffective
and such Borrowing shall be converted to or continued as an ABR Borrowing and (ii) if any Borrowing Request requests a Eurodollar Borrowing, such Borrowing shall be made as an ABR Borrowing. Furthermore, if any Term B Loan that is a Eurodollar
Loan is outstanding on the date of the Borrowers’ receipt of the notice from the Administrative Agent referred to in this Section 2.14(a) with respect to a LIBO Rate applicable to such Eurodollar Loan, 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 ABR
Loan denominated in dollars on such day. 

(b)
 Subject to clause (c) of this Section 2.14 with
respect to the Revolving Facility and Term A Facility, if: 
 (i) the Administrative Agent determines (which determination shall be conclusive absent manifest error) (A) prior to the
commencement of any Interest Period for a Term Benchmark Borrowing, that adequate and reasonable means do not exist for ascertaining the Adjusted Term SOFR Rate, the Term SOFR Rate, the Adjusted EURIBOR Rate, the EURIBOR Rate, the CDOR Loan Rate or
the CDOR Rate (including because the Relevant Screen Rate is not available or published on a current basis), for the applicable Agreed Currency and such Interest Period or (B) at any time, that adequate and reasonable means do not exist for
ascertaining the Adjusted Daily Simple SOFR, Daily Simple SOFR, Adjusted Daily Simple SONIA, Daily Simple SONIA, Adjusted Daily Simple ESTR or Daily Simple ESTR, as applicable for the applicable Agreed Currency; or 

  
 CREDIT AGREEMENT, Page 103 












 (ii) the Administrative Agent is advised by the Required TLA/RC Lenders that (A) prior to the commencement of any Interest Period for a Term Benchmark Borrowing, the Adjusted LIBO Rate or CDOR Rate, as applicable,Term SOFR Rate, the Adjusted EURIBOR Rate or the CDOR Loan Rate for the
applicable Agreed Currency
andfor 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 the applicable Agreed Currency
andfor
 such Interest
Period; or
(B) at any time, Adjusted Daily Simple SOFR, Adjusted Daily Simple SONIA or Adjusted Daily Simple ESTR,
as applicable for the applicable Agreed Currency, 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 the applicable Agreed
Currency; 
 then the Administrative Agent shall give notice thereof to the Borrowers and the Revolving Lenders and Term A Lenders by telephone, telecopy or email as promptly as
practicable thereafter and, until (x) the
Administrative Agent notifies the Borrowers and
thesuch
 Lenders that the circumstances giving rise to such notice no longer exist, (i) with respect to such Benchmark (each such notice shall be given by the Administrative Agent promptly when such circumstances cease to exist) and (y) and the applicable
Borrower delivers a new Interest Election Request in accordance with the terms of Section 2.07 or a new Borrowing Request in accordance with the terms of Section 2.03 (A) for Loans denominated in dollars, (i) any Interest Election
Request that requests the conversion of any Revolving Borrowing to, or continuation of any Revolving Borrowing as, a Term Benchmark Borrowing bearing interest at the Adjusted Term SOFR Rate and any Borrowing Request requests a Term Benchmark
Revolving Borrowing bearing interest at the Adjusted Term SOFR Rate shall instead be deemed to be an Interest Election Request or a Borrowing Request, as applicable, for (x) an RFR Borrowing denominated in dollars so long as the Adjusted Daily
Simple SOFR is not also the subject of Section 2.14(b)(i) or (ii) above or (y) an ABR Borrowing if the Adjusted Daily Simple SOFR also is the subject of Section 2.14(b)(i) or (ii) above and (B) for Loans denominated in
an Alternative Currency, any Interest Election Request that requests the conversion of any Borrowing to, or continuation of any Borrowing as, a EurodollarTerm
Benchmark Borrowing shall be ineffective, (ii) ifand any Borrowing requests a Eurodollar Borrowing in dollars, such Borrowing shall be made as an ABR Borrowing and (iii) any Interest Election Request or Borrowing Request that requests
the conversion of any Borrowing to, or continuation of any Borrowing as or Borrowing of, a CDOR Ratea
Term Benchmark Borrowing or a SONIA Borrowing, in
theeach
 case of a Borrowing denominated in another Alternative Currency, a Eurodollar
Borrowing, for the relevant Benchmark, shall be
ineffective; provided that, in each case, if the
circumstances giving rise to such notice affect only one Type of Borrowings, then the other Type of Borrowings shall be permitted. Furthermore, if any
EurodollarTerm
Benchmark Loan, RFR Loan, or SONIA Loan
denominated in any Agreed Currency is outstanding on the date of the Borrowers’ receipt of the notice from the Administrative Agent referred to in this
Section 
2.14(ab) with respect to a
LIBORelevant
 Rate applicable to such Eurodollar Loan, then (i) if such Eurodollar 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 ABR Loan
Term Benchmark Loan, RFR Loan or SONIA Loan, until (x) the Administrative Agent notifies the Borrower and
the Lenders that the circumstances giving rise to such notice no longer exist with respect to the relevant Benchmark (each such notice shall be given by the Administrative Agent promptly when such circumstances cease to exist), and (y) the
applicable Borrower delivers a new Interest Election Request in accordance with the terms of Section 2.07 or a new Borrowing Request in accordance with the terms of Section 2.03, then (A) for Loans 

  
 CREDIT AGREEMENT, Page 104 












 denominated in dollars on
such day or (ii) if such Eurodollar Loan is denominated in any Alternative Currency, 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 applicable such Loan shall be converted by the Administrative Agent to, and shall constitute, (x) an RFR Borrowing so long as the Adjusted Daily Simple SOFR is not also the subject of Section 2.14(b)(i) or
(ii) above or (y) a ABR Loan if the Adjusted Daily Simple SOFR also is the subject of Section 2.14(b)(i) or (ii) above, denominated in dollars on such day and (B) for Loans denominated in an Alternative Currency,
(1) any Term Benchmark 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) bear interest at the Central Bank Rate for the applicable Alternative
Currency plus the CBR Spread; provided that, if the Administrative Agent determines (which determination shall be conclusive and binding absent manifest error) that the Central Bank Rate for the applicable Alternative Currency cannot be determined,
any outstanding affected Term Benchmark Loans denominated in any Alternative Currency shall, at the Borrower’s election prior to such day: (A) be prepaid by the applicable Borrower on such day or (B) be converted by the Administrative Agent to, and (subject to the remainder
of this clause (B)) shall constitute, an ABR Loan denominated in dollars
(solely for the purpose of calculating the interest rate applicable to such Term Benchmark Loan, such
Term Benchmark Loan denominated in any Alternative Currency shall be deemed to be a Term Benchmark Loan denominated in dollars and shall accrue interest at the same interest rate applicable to Term Benchmark Loans denominated in dollars at such time
and (2) any SONIA Loan shall bear interest at the Central Bank Rate for Sterling plus the CBR Spread; provided that, if the Administrative Agent determines (which determination shall be conclusive and binding absent manifest error) that the
Central Bank Rate for Sterling cannot be determined, any outstanding affected SONIA Loans, at the Borrower’s election, shall either (A) be converted into (x) a Term Benchmark Borrowing denominated in dollars so long as the Adjusted
Term SOFR Rate is not the subject of Section 2.14(b)(i) or (ii) above, (y) a RFR Borrowing denominated in dollars so long as the Adjusted Daily Simple SOFR is not the subject of Section 2.14(b)(i) or (ii) above or (z) an ABR
Borrowing if the Adjusted Daily Simple SOFR also is the subject of Section 2.14(b)(i) or (ii) above, in each case, in an amount equal to the Dollar Equivalent of such Alternative
Currency) on such day (it being understood and agreed that if the applicable Borrower does not so prepay such Loan on such day by 12:00 noon, Local Time, the applicable Borrower shall be deemed to have elected to convert such Loan pursuant to clause (ii)(B) and the Administrative Agent is authorized to effect such conversion of such Eurodollar Loan into an ABR Loan denominated in dollars), and, in the case of
such clause (ii)(B), upon the Borrowers’ receipt of notice from the Administrative Agent that the circumstances giving rise to the aforementioned notice no longer exist, such ABR Loan
denominated in dollars shall then be converted by the Administrative Agent to, and shall
constitute, a Eurodollar Loan denominated in such original Agreed Currency (in an amount equal to the
Alternative Currency Equivalent of such Agreed Currency) on the day of such notice being given to the Borrowers by the Administrative
Agent., immediately or (B) be prepaid in full immediately. 
 (bc) (i) 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 Borrowers may amend this Agreement to replace the LIBO Rate with a Benchmark Replacement (and any Swap Agreement shall be deemed not to be a “Loan
Document” for purposes of this Section 2.14), solely with respect to the Revolving Facility. Any
such amendment will become effective at 5:00 p.m. and Term A Facility, if a Benchmark Transition Event and its related Benchmark Replacement Date have occurred prior to the Reference Time in respect of any setting of the then-current Benchmark, then (x) if a Benchmark Replacement
is determined in accordance with clause (a) of the definition of 

  
 CREDIT AGREEMENT, Page 105 












 
“Benchmark Replacement” with respect to dollars for
such Benchmark Replacement Date, such Benchmark Replacement will replace such Benchmark for all purposes hereunder and under any Loan Document in respect of such Benchmark setting and subsequent Benchmark settings without any amendment to, or
further action or consent of any other party to, this Agreement or any other Loan Document and (y) if a Benchmark Replacement is determined in accordance with clause (b) of the definition of “Benchmark Replacement” with respect
to any Agreed Currency for such Benchmark Replacement Date, such Benchmark Replacement will replace such Benchmark for all purposes hereunder and under any Loan Document in respect of any Benchmark setting at or after 5:00 p.m. (New York City
time) on the fifth (5th) Business Day after the Administrative Agent has posted such proposed amendment to
alldate notice of such Benchmark Replacement is provided to the Revolving Lenders, the Term A Lenders and the Borrowers, without any amendment to, or further action or consent of any other party to, this Agreement or any other Loan
Document so long as the Administrative Agent has not received, by such time, written notice of objection to such
proposed
amendmentBenchmark Replacement from Lenders
comprising the Required TLA/RC Lenders;
provided that, with respect to any proposed amendment containing any SOFR-Based Rate in respect of any Loan
denominated in dollars, the Revolving Lenders shall be entitled to object only to the Benchmark Replacement Adjustment contained therein. No replacement of any LIBO Rate with a Benchmark Replacement will occur prior to the applicable Benchmark
Transition Start Date.. 

(ii) In connection with the implementation of
a Benchmark ReplacementNotwithstanding anything to the contrary herein or in any other Loan
Document, the Administrative Agent will have the right to make Benchmark Replacement Conforming Changes from time to time, in consultation with the Parent Borrower, 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 or any other Loan Document. 

(iii) The Administrative Agent will promptly notify the Borrowers and, the Revolving Lenders and the Term A 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 removal or reinstatement of any tenor of a Benchmark pursuant to clause (c)(v) below and (v) the commencement or conclusion of any Benchmark Unavailability Period. Any determination, decision or election that may be made by the Administrative Agent or, if applicable, any Required RC Lenders or Required TLA/RC Lenders, as applicable, pursuant to this
Section 2.14(b), 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 or any selection, will be conclusive and binding absent manifest error
and may be made in its or their sole discretion and without consent from any other party heretoto this Agreement or any other Loan Document, except, in each case, as
expressly required pursuant to this Section 2.14(b). 

  
 CREDIT AGREEMENT, Page 106 













(iv)
 Notwithstanding anything to the contrary herein or in any other Loan Document, at any time (including in connection with the implementation of a Benchmark Replacement), (i) if the then-current Benchmark is a term rate (including the Term SOFR Rate,
EURIBOR Rate or CDOR Rate) and either (A) any tenor for such Benchmark is not displayed on a screen or other information service that publishes such rate from time to time as selected by the Administrative Agent in its reasonable discretion or
(B) the regulatory supervisor for the administrator of such Benchmark has provided a public statement or publication of information announcing that any tenor for such Benchmark is or will be no longer representative, then the Administrative
Agent may modify the definition of “Interest Period” for any Benchmark settings at or after such time to remove such unavailable or non-representative tenor and (ii) if a tenor that was removed
pursuant to clause (i) above either (A) is subsequently displayed on a screen or information service for a Benchmark (including a Benchmark Replacement) or (B) is not, or is no longer, subject to an announcement that it is or will no
longer be representative for a Benchmark (including a Benchmark Replacement), then the Administrative Agent shall modify the definition of “Interest Period” for all Benchmark settings at or after such time to reinstate such previously
removed tenor. 
 (ivv) Upon the Borrowers’ receipt of notice of the commencement of a Benchmark Unavailability Period,
the Borrower may revoke any request for a Term Benchmark Borrowing, SONIA Borrowing or RFR Borrowing of,
conversion to or continuation of Term Benchmark Loans to be made, converted or continued during any Benchmark Unavailability Period and, failing that, either (i) any Interest Election Request
that requests the conversion of any Revolving Borrowing to, or continuation of any Revolving Borrowing
as, a
EurodollarTerm
Benchmark Borrowing or SONIA Borrowing shall be ineffective, (ii) if any Borrowing Request requests a
EurodollarTerm
Benchmark Revolving Borrowing in dollars, such Borrowing shall be made as
(x) an RFR Borrowing so long as the Adjusted Daily Simple SOFR is not the subject of a Benchmark Transition
Event or (y) an ABR Borrowing if the Adjusted Daily
Simple SOFR is the subject of a Benchmark Transition Event and (iii) if any Borrowing Request requests a
EurodollarTerm
Benchmark Borrowing or SONIA Borrowing in an Alternative Currency, then such request shall be ineffective. During
any Benchmark Unavailability Period or at any time that a tenor for the then-current Benchmark is not an Available Tenor, the component of Alternate Base Rate based upon the then-current Benchmark or such tenor for such Benchmark, as applicable,
will not be used in any determination of Alternate Base Rate. Furthermore, if any Eurodollar
RevolvingTerm Benchmark Loan, RFR Loan or SONIA
Loan in any Agreed Currency is outstanding on the date of the Borrowers’Borrower’s receipt of notice of the commencement of a Benchmark
Unavailability Period with respect to a
LIBORelevant
 Rate applicable to such Eurodollar Revolving Loan, then (i) if such Eurodollar RevolvingTerm Benchmark Loan, RFR Loan or SONIA Loan, then until such time as a Benchmark Replacement for such Agreed Currency is
implemented pursuant to this Section 2.14, (i) if such Term Benchmark Loan is denominated in dollars, then on the last day of the Interest Period applicable to such Revolving Loan
(or the next succeeding Business Day if such day is not a Business Day), such Revolving Loan shall be converted by the Administrative Agent to, and shall constitute, an ABR Revolving Loan denominated in
dollars(x) an RFR Borrowing so long as the Adjusted Daily Simple SOFR is not the 

  
 CREDIT AGREEMENT, Page 107 












 
subject of a Benchmark Transition Event or (y) an ABR Loan
if the Adjusted Daily Simple SOFR is the subject of a Benchmark Transition Event, on such day or (ii) if such
Eurodollar
RevolvingTerm Benchmark Loan is denominated in any
Alternative Currency, then such
Revolving(1) any Term Benchmark Loan shall, on the
last day of the Interest Period applicable to such Revolving Loan (or the next succeeding Business Day
if such day is not a Business Day) bear interest at the Central Bank Rate for the applicable Alternative
Currency plus the CBR Spread; provided that, if the Administrative Agent determines (which determination shall be conclusive and binding absent manifest error) that the Central Bank Rate for the applicable Alternative Currency cannot be determined,
any outstanding affected Term Benchmark Loans denominated in any Alternative Currency shall, at the applicable Borrower’s election prior to such day: (A) be prepaid by the applicable
Borrower on such day or (B) be converted by the Administrative Agent to, and (subject to the remainder of this clause (B)) shall constitute, an ABR Revolving Loan denominated in
dollars (solely for the purpose of calculating the interest rate applicable to such Term Benchmark
Loan, such Term Benchmark Loan denominated in any Alternative Currency shall be deemed to be a Term Benchmark Loan denominated in dollars and shall accrue interest at the same interest rate applicable to Term Benchmark Loans denominated in dollars
at such time and (2) any SONIA Loan shall bear interest at the Central Bank Rate for Sterling plus the CBR Spread; provided that, if the Administrative Agent determines (which
determination shall be conclusive and binding absent manifest error) that the Central Bank Rate for Sterling cannot be determined, any outstanding affected SONIA Loans, at the Borrower’s election, shall either (A) be converted into
(x) a Term Benchmark Borrowing denominated in dollars so long as the Adjusted Term SOFR Rate is not the subject of Section 2.14(b)(i) or (ii) above, (y) a RFR Borrowing denominated in dollars so long as the Adjusted Daily Simple SOFR
is not the subject of Section 2.14(b)(i) or (ii) above or (z) an ABR Borrowing if the Adjusted Daily Simple SOFR also is the subject of Section 2.14(b)(i) or (ii) above, in each case, in an amount equal to the Dollar Equivalent of such Alternative Currency) on such day (it being understood and agreed that
if the applicable Borrower does not so prepay such Revolving Loan on such day by 12:00 noon, Local Time, the applicable Borrower shall be deemed to have elected to convert such Loan pursuant to
clause (B) and the Administrative Agent is authorized to effect such conversion
of such Eurodollar Revolving Loan into an ABR Revolving Loan denominated in dollars), and, in the case of such clause (B), upon any subsequent implementation of a Benchmark Replacement in respect of such Agreed Currency pursuant to this Section 2.14, such ABR Revolving Loan denominated in dollars shall then
be converted by the Administrative Agent to, and shall constitute, a Eurodollar Revolving Loan denominated in such original Agreed Currency (in an amount equal to the Alternative Currency Equivalent of such Agreed Currency) on the day of such
implementation, giving effect to such Benchmark Replacement in respect of such Agreed Currency.,
immediately or (B) be prepaid in full immediately. 

  
 CREDIT AGREEMENT, Page 108 












 Section 2.15 Increased Costs. 

(a) Change In Law. If any Change in Law shall: 

(i) impose, modify or deem applicable any reserve, special deposit or similar requirement against assets of, deposits with or
for the account of, or credit extended by, any Lender (except any such reserve requirement reflected in the Adjusted LIBO
Rate, Adjusted Term SOFR Rate or CDOR Rate) or the Issuing Bank; or

 (ii) subject any Lender or the Issuing Bank to any Taxes (other than Indemnified Taxes or Other Taxes indemnifiable
under Section 2.17 and Excluded Taxes) on its Loans, loan principal, Letters of Credit, commitments or other obligations, or its deposits, reserves, other liabilities or capital attributable thereto 

(iii) impose on any Lender or the Issuing Bank or the London interbank market any other condition (other than Taxes) affecting
this Agreement, Eurodollar Loans or CDOR
Rate, Term Benchmark Loans or SONIA Loans made by
such Lender or any Letter of Credit or participation therein; 
 and the result of any of the foregoing shall be to increase the cost to such Lender
of making or maintaining any Eurodollar Loan or CDOR
Rate, Term Benchmark Loan or SONIA Loan (or of
maintaining its obligation to make any such Loan) or to increase the cost to such Lender or the Issuing Bank of participating in, issuing or maintaining any Letter of Credit or to reduce the amount of any sum received or receivable by such Lender or
the Issuing Bank hereunder (whether of principal, interest or otherwise), then the Borrowers (it being understood the Foreign Borrowers shall only be liable hereunder for amounts to the extent related to the Foreign Obligations) will pay to such
Lender or the Issuing Bank, as the case may be, such additional amount or amounts as will compensate such Lender or the Issuing Bank, as the case may be, for such additional costs incurred or reduction suffered.; provided that as to any Lender seeking compensation under this
Section 2.15(a), such Lender shall only be compensated to the extent such Lender is then generally seeking compensation from similarly situated customers under agreements related to similar credit transactions that include provisions similar to
this Section 2.15(a) and the definition of “Change in Law.” 

(b) Capital Adequacy. If any Lender or the Issuing Bank determines that any Change in Law regarding capital adequacy,
insurance or liquidity requirements has or would have the effect of reducing the rate of return on such Lender’s or the Issuing Bank’s capital or on the capital of such Lender’s or the Issuing Bank’s holding company, if any, as a
consequence of this Agreement or the Loans made by, or participations in Letters of Credit held by, such Lender, or the Letters of Credit issued by the Issuing Bank, to a level below that which such Lender or the Issuing Bank or such Lender’s
or the Issuing Bank’s holding company could have achieved but for such Change in Law (taking into consideration such Lender’s or the Issuing Bank’s policies and the policies of such Lender’s or the Issuing Bank’s holding
company with respect to capital adequacy, insurance or liquidity), then from time to time the Borrowers (it being understood the Foreign Borrowers shall only be liable hereunder for amounts to the extent related to the Foreign Obligations) will pay
to such Lender or the Issuing Bank, as the case may be, such additional amount or amounts as will compensate such Lender or the Issuing Bank or such Lender’s or the Issuing Bank’s holding company for any such reduction suffered. 

  
 CREDIT AGREEMENT, Page 109 












 (c) Delivery of Certificate. A certificate of a Lender or the Issuing
Bank setting forth the amount or amounts necessary to compensate such Lender or the Issuing Bank or its holding company, as the case may be, as specified in paragraph (a) or (b) of this Section 2.15 and containing a statement that such Lender is generally seeking compensation from similarly situated customers under
agreements related to similar credit transactions that include provisions similar to Section 2.15(a) and the definition of “Change in Law” shall be delivered to the Parent Borrower
and shall be conclusive absent manifest error. The Borrowers shall pay such Lender or the Issuing Bank, as the case may be, the amount shown as due on any such certificate within 30 days after receipt thereof. 

(d) Limitation on Compensation. Failure or delay on the part of any Lender or the Issuing Bank to demand compensation
pursuant to this Section 2.15 shall not constitute a waiver of such Lender’s or the Issuing Bank’s right to demand such compensation; provided that the Borrowers shall not be required to compensate a Lender
or the Issuing Bank pursuant to this Section 2.15 for any increased costs or reductions incurred more than 180 days prior to the date that such Lender or the Issuing Bank, as the case may be, notifies the Parent Borrower of
the Change in Law giving rise to such increased costs or reductions and of such Lender’s or the Issuing Bank’s intention to claim compensation therefor; provided further that, if the Change in Law giving rise to such
increased costs or reductions is retroactive, then the 180-day period referred to above shall be extended to include the period of retroactive effect thereof. 

Section 2.16 Break Funding Payments. InWith respect to Loans that are not RFR Loans, in the event of
(a) the payment of any principal of any Eurodollar Loan, Term Benchmark Loan or CDOR Rate Loan other than on the last day of an Interest Period applicable thereto (including as a result of an Event of Default), (b) the conversion of any Eurodollar Loan, Term Benchmark Loan or CDOR Rate Loan other than on the last day of
the Interest Period applicable thereto, (c) the failure to borrow, convert to or from, continue as or prepay any Eurodollar Revolving Loan, Eurodollar Term Benchmark Loan or CDOR Rate Loan on the date specified in any notice
delivered pursuant hereto (regardless of whether such notice may be revoked under Section 2.11(f) and is revoked in accordance therewith), or (d) the reallocation of any Eurodollar Loan, Term Benchmark Loan or CDOR Rate Loan other than on the last day of
the Interest Period applicable thereto as a result of a request by the applicable Borrower pursuant to Section 2.19 or Section 2.20, then, in any such event, the applicable Borrower shall
compensate each Lender for the loss, cost and expense attributable to such event. Such loss, cost or expense to any Lender shall be deemed to include an amount determined by such Lender to be the excess, if any, of (i) the amount of interest
which would have accrued on the principal amount of such Loan had such event not occurred, at the Adjusted LIBO
Rate, Adjusted Term SOFR Rate or CDOR Loan Rate, as
applicable, that would have been applicable to such Loan, for the period from the date of such event to the last day of the then current Interest Period therefor (or, in the case of a failure to borrow, convert or continue, for the period that would
have been the Interest Period for such Loan), over (ii) the amount of interest which would accrue on such principal amount for such period at the interest rate which such Lender would bid were it to bid, at the commencement of such period, for
deposits of the applicable currency and of a comparable amount and period from other banks in the eurodollar market or the Canadian bankers’ acceptance market, respectively. A certificate of any Lender setting forth any amount or amounts that
such Lender is entitled to receive pursuant to this Section shall be delivered to the applicable Borrower and shall be conclusive absent manifest error. The applicable Borrower shall pay such Lender the amount shown as due on any such
certificate within 30 days after receipt thereof. 

  
 CREDIT AGREEMENT, Page 110 












 Section 2.17 Taxes. 

(a) Gross Up. Any and all payments by or on account of any obligation of a Loan Party hereunder or under any other Loan
Document shall be made free and clear of and without deduction for any Indemnified Taxes or Other Taxes; provided that if the applicable Withholding Agent shall be required to deduct any Indemnified Taxes or Other Taxes from such payments,
then (i) the sum payable by the applicable Loan Party shall be increased as necessary so that after making all required deductions (including deductions applicable to additional sums payable under this Section) the Administrative Agent, any
Lender or the Issuing Bank (as the case may be) receives an amount equal to the sum it would have received had no such deductions been made, and (ii) the applicable Withholding Agent shall make such deductions and pay the full amount deducted
to the relevant Governmental Authority in accordance with applicable law. 
 (b) Payment of Other Taxes. In addition,
each Borrower shall pay any Other Taxes to the relevant Governmental Authority in accordance with applicable law. 
 (c)
Tax Indemnification. Each Borrower shall indemnify the Administrative Agent, each Lender and the Issuing Bank, within 30 days after written demand therefor, for the full amount of any Indemnified Taxes or Other Taxes paid by the
Administrative Agent, such Lender or the Issuing Bank, as the case may be, on or with respect to any payment by or on account of any obligation of any Borrower hereunder or under any other Loan Document (including Indemnified Taxes or Other Taxes
imposed or asserted on or attributable to amounts payable under this Section 2.17) and any penalties, interest and reasonable expenses arising therefrom or with respect thereto, whether or not such Indemnified Taxes or
Other 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 the Parent Borrower by a Lender or the Issuing Bank, or by the Administrative
Agent on its own behalf or on behalf of a Lender or the Issuing Bank, shall be conclusive absent manifest error. 
 (d)
Receipts. As soon as practicable after any payment of Indemnified Taxes or Other Taxes by any Borrower to a Governmental Authority, the Loan Party shall deliver to the Administrative Agent for its own account or for the account of the
relevant Lender, 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 the return reporting such payment or other evidence of such payment reasonably satisfactory
to the Administrative Agent. 
 (e) Administrative Agent Indemnity. Each Lender shall indemnify the Administrative
Agent, within 30 days after demand therefor, for (i) the full amount of any Taxes imposed by any Governmental Authority that are attributable to such Lender (but only to the extent that a Borrower has not already indemnified the Administrative
Agent for such Taxes and without limiting the obligation of the Borrowers to do so) and (ii) any Taxes attributable to such Lender’s failure to comply with the provisions of Section 10.04(c)(ii) relating to the
maintenance of a Participant Register, in either case, that are payable or paid by the Administrative Agent, together with all interest, penalties, reasonable costs and expenses arising therefrom or with respect thereto, as determined by the
Administrative Agent in good faith, whether or not such Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the 

  
 CREDIT AGREEMENT, Page 111 












 
amount of such payment or liability delivered to any Lender by the Administrative Agent 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 any Loan Document or otherwise payable by the Administrative Agent to the Lender from any other source against any amount due to the Administrative Agent under this
paragraph (e). 
 (f) Forms. Each Lender other than a Foreign Lender shall deliver to the Parent Borrower and
the Administrative Agent on or before the date on which it becomes a party to this Agreement two properly completed and duly signed originals of U.S. Internal Revenue Service Form W-9 (or any successor form)
certifying that such Lender is exempt from U.S. federal withholding tax. Each Foreign Lender (including each Participant that acquired a participation from a Foreign Lender) shall deliver to the Parent Borrower and the Administrative Agent (or, in
the case of a Participant, to the Lender from which the related participation shall have been purchased) (i) two properly completed and duly signed originals of U.S. Internal Revenue Service (“IRS”) Form W-8BEN, Form W-8BEN-E, Form W-8ECI or Form W-8IMY
(together with any applicable underlying IRS forms), or any subsequent versions thereof or successors thereto, (ii) in the case of a Foreign Lender claiming exemption from U.S. federal withholding tax under Section 871(h) or 881(c) of the
Code with respect to payments of “portfolio interest”, a statement substantially in the form of Exhibit G and the applicable IRS Form W-8, or any subsequent versions thereof or successors
thereto, properly completed and duly executed by such Foreign Lender claiming complete exemption from, or a reduced rate of, U.S. federal withholding tax on payments under this Agreement and the other Loan Documents, or (iii) any other form
prescribed by applicable requirements of U.S. federal income tax law as a basis for claiming exemption from or a reduction in U.S. federal withholding tax duly completed together with such supplementary documentation as may be prescribed by
applicable requirements of law to permit the Parent Borrower and the Administrative Agent to determine the withholding or deduction required to be made. Such forms shall be delivered by each Lender on or before the date it becomes a party to this
Agreement (or, in the case of any Participant, on or before the date such Participant purchases the related participation) and from time to time thereafter upon the request of the Parent Borrower or the Administrative Agent. In addition, each Lender
shall deliver such forms promptly upon the obsolescence or invalidity of any form previously delivered by such Lender. Each Lender shall promptly notify the Parent Borrower and the Administrative Agent at any time it determines that it is no longer
in a position to provide any previously delivered certificate to the Borrower (or any other form of certification adopted by the U.S. taxing authorities for such purpose). Notwithstanding any other provision of this Section, a Lender shall not be
required to deliver any form pursuant to this Section that such Foreign Lender is not legally able to deliver. 
 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 Borrower and the Administrative Agent at the time or times prescribed by law and at such time or times reasonably requested by the Parent Borrower 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 Borrower or the Administrative Agent as may be necessary for the Borrower
or 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 (ii), “FATCA” shall include any amendments made to FATCA after the date of this Agreement. 

  
 CREDIT AGREEMENT, Page 112 












 (g) Refund. If the Administrative Agent or a Lender or the Issuing
Bank determines, in its sole discretion, that it has received a refund of any Taxes or Other Taxes as to which it has been indemnified by the Loan Party or with respect to which the Loan Party has paid additional amounts pursuant to this
Section 2.17, it shall pay over such refund to such Loan Party (but only to the extent of indemnity payments made, or additional amounts paid, by such Loan Party under this Section 2.17 with
respect to the Taxes or Other Taxes giving rise to such refund), net of all out–of–pocket expenses of the Administrative Agent or such Lender and without interest (other than any interest paid by the relevant Governmental Authority with
respect to such refund); provided, that such Loan Party, upon the request of the Administrative Agent or such Lender, agrees to repay the amount paid over to such Loan Party (plus any penalties, interest or other charges imposed by the
relevant Governmental Authority) to the Administrative Agent or such Lender in the event the Administrative Agent or such Lender is required to repay such refund to such Governmental Authority. This Section shall not be construed to require the
Administrative Agent or any Lender to make available its tax returns (or any other information relating to its taxes which it deems confidential) to any Loan Party or any other Person. 

(h) VAT. (i) All amounts expressed to be payable under a Loan Document by any party to a Lender which (in whole or
in part) constitute the consideration for any supply for VAT purposes are deemed to be exclusive of any VAT which is chargeable on that supply, and accordingly, subject to clause (ii) below, if VAT is or becomes chargeable
on any supply made by any Lender to any party under a Loan Document and such Lender is required to account to the relevant tax authority for the VAT, that party must pay to such Lender (in addition to and at the same time as paying any other
consideration for such supply) an amount equal to the amount of the VAT (and such Lender must promptly provide an appropriate VAT invoice to that party). 

(ii) If VAT is or becomes chargeable on any supply made by any Lender (the “Supplier”) to any other Lender (the
“Recipient”) under a Loan Document, and any party other than the Recipient (the “Relevant Party”) is required by the terms of any Loan Document to pay an amount equal to the consideration for that supply to the
Supplier (rather than being required to reimburse or indemnify the Recipient in respect of that consideration): 
 (x) (where the Supplier
is the person required to account to the relevant tax authority for the VAT) the Relevant Party must also pay to the Supplier (at the same time as paying that amount) an additional amount equal to the amount of the VAT. The Recipient must (where
this paragraph (i) applies) promptly pay to the Relevant Party an amount equal to any credit or repayment the Recipient receives from the relevant tax authority which the Recipient reasonably determines relates to the VAT chargeable on
that supply; and 
 (i) (y) (where the Recipient is the person required to account to the relevant tax authority for the
VAT) the Relevant Party must promptly, following demand from the Recipient, pay to the Recipient an amount equal to the VAT chargeable on that supply but only to the extent that the Recipient reasonably determines that it is not entitled to credit
or repayment from the relevant tax authority in respect of that VAT. 

  
 CREDIT AGREEMENT, Page 113 












 (iii) Where a Loan Document requires any party to reimburse or indemnify a
Lender for any cost or expense, that party shall reimburse or indemnify (as the case may be) such Lender for the full amount of such cost or expense, including such part thereof as represents VAT, save to the extent that it should reasonably be
determined that such Lender is entitled to credit or repayment in respect of such VAT from the relevant tax authority. 

(iv) Any reference in this Section 2.17(h) to any party shall, at any time when such party is
treated as a member of a group (including but not limited to any fiscal unities) for VAT purposes, include (where appropriate and unless the context otherwise requires) a reference to the person who is treated as making the supply, or (as
appropriate) receiving the supply under the grouping rules. 
 (v) In relation to any supply made by a Lender to any party
under a Loan Document, if reasonably requested by such Lender, that party must promptly provide such Lender with details of that party’sparty’s VAT registration and such other information as is
reasonably requested in connection with such
Lender’sLender’s
 VAT reporting requirements in relation to such supply. 
 (vi)
Each party shall provide the applicable Dutch Borrower, Belgian Subsidiary Borrower and/or German Subsidiary Borrower with an
appropriate VAT invoice in respect of any fees, costs or expenses payable by the applicable Dutch Borrower,
Belgian Subsidiary Borrower and/or German Subsidiary Borrower to such party pursuant to this Agreement in accordance with applicable legislation (to the extent applicable to such party). 

(i) Survival. The agreements in this Section shall survive the termination of this Agreement and the payment of the
Loans and all other amounts payable hereunder. 
 (j) Terms. For purposes of this Section, the term “applicable
law” includes FATCA. 
 Section 2.18 Payments Generally; Pro Rata Treatment; Sharing of Set-Offs; Proceeds of Collateral. 
 (a) Payments Generally. Unless otherwise
specified herein, each Borrower shall make each payment required to be made by it hereunder or under any other Loan Document (whether of principal, interest, fees or reimbursement of LC Disbursements, or of amounts payable under
Section 2.15, 2.16 or 2.17, or otherwise) prior to the time expressly required hereunder or under such other Loan Document for such payment (or, if no such time is expressly required, prior to 1:00 p.m., Local
Time), on the date when due, in immediately available funds. Subject to Section 2.17, all such payments shall be made without set-off or counterclaim. Any amounts received after such
time on any date may, in the discretion of the Administrative Agent, be deemed to have been received on the next succeeding Business Day for purposes of calculating interest 

  
 CREDIT AGREEMENT, Page 114 












 
thereon. All such payments shall be made to the Administrative Agent to the account designated to the applicable Borrower by the Administrative Agent, except payments to be made directly to the
Issuing Bank or Swingline Lender as expressly provided herein and except that payments pursuant to Sections 2.15, 2.16, 2.17 and 10.03 shall be made directly to the Persons entitled thereto and payments
pursuant to other Loan Documents shall be made to the Persons specified therein. The Administrative Agent shall distribute any such payments received by it for the account of any other Person to the appropriate recipient promptly following receipt
thereof. All payments under each Loan Document of (i) principal and interest in respect of any Loan and LC Disbursements and participation fees in respect of Letters of Credit shall be made in the currency in which such Loan or Letter of
Credit, respectively, is denominated and (ii) any other amount shall be made in dollars. 
 (b) Pro Rata
Application. If at any time insufficient funds are received by and available to the Administrative Agent to pay fully all amounts of principal, unreimbursed LC Disbursements, interest and fees then due hereunder, such funds shall be applied
(i) first, towards payment of interest and fees then due hereunder, ratably among the parties entitled thereto in accordance with the amounts of interest and fees then due to such parties, and (ii) second, towards payment of principal and
unreimbursed LC Disbursements then due hereunder, ratably among the parties entitled thereto in accordance with the amounts of principal and unreimbursed LC Disbursements then due to such parties. 

(c) Sharing of Set-offs. If any Lender shall, by exercising any right of set-off or counterclaim or otherwise, obtain payment in respect of any principal of or interest on any of its Revolving Loans, Term Loans or participations in LC Disbursements or Swingline Loans resulting in such
Lender receiving payment of a greater proportion of the aggregate amount of its Revolving Loans, Term Loans and participations in LC Disbursements and Swingline Loans and accrued interest thereon than the proportion received by any other Lender,
then the Lender receiving such greater proportion shall purchase (for cash at face value) participations in the Revolving Loans, Term Loans and participations in LC Disbursements and Swingline Loans of other Lenders to the extent necessary 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 Revolving Loans, Term Loans and participations in LC Disbursements and Swingline
Loans; provided that (i) if any such participations are purchased and all or any portion of the payment giving rise thereto is recovered, such participations shall be rescinded and the purchase price restored to the extent of such
recovery, without interest, and (ii) the provisions of this paragraph (c) shall not be construed to apply to any payment made by the Borrowers pursuant to and in accordance with the express terms of this Agreement or any payment
obtained by a Lender as consideration for the assignment of or sale of a participation in any of its Loans or participations in LC Disbursements to any assignee or participant. Each Borrower consents to the foregoing and agrees, to the extent it may
effectively do so under applicable law but subject to Section 10.08, that any Lender acquiring a participation pursuant to the foregoing arrangements may exercise against each Borrower rights of set-off and counterclaim with respect to such participation as fully as if such Lender were a direct creditor of such Borrower in the amount of such participation. This Section 2.18(c) shall not apply to any action taken by CoBank with respect to any CoBank Equities held by the
Parent Borrower or any cash patronage, whether on account of foreclosure of any Lien thereon, retirement and cancellation of the same, exercise of setoff rights or otherwise. 

  
 CREDIT AGREEMENT, Page 115 












 (d) Payments from Borrowers Assumed Made. Unless the Administrative
Agent shall have received notice from the applicable Borrower prior to the date on which any payment is due to the Administrative Agent for the account of the Lenders or the Issuing Bank hereunder that the applicable Borrower will not make such
payment, the Administrative Agent may assume that the applicable Borrower has made such payment on such date in accordance herewith and may, in reliance upon such assumption, distribute to the Lenders or the Issuing Bank, as the case may be, the
amount due. In such event, if the applicable Borrower has not in fact made such payment, then each of the Lenders or the Issuing Bank, as the case may be, severally agrees to repay to the Administrative Agent forthwith on demand the amount so
distributed to such Lender or Issuing Bank with interest thereon, for each day from and including the date such amount is distributed to it to but excluding the date of payment to the Administrative Agent, at the greater of (i) the Federal
Funds Effective Rate (or in the case of amounts not denominated in dollars, the Administrative Agent’s cost of funds) and (ii) a rate determined by the Administrative Agent in accordance with banking industry rules on interbank
compensation. 
 (e) Set-Off Against Amounts Owed Lenders. If any Lender shall
fail to make any payment required to be made by it pursuant to Sections 2.04(c), 2.05(d) or (e), 2.06(b), 2.18(c) or (d) or 10.03(c), then the Administrative Agent may, in its
discretion (notwithstanding any contrary provision hereof), apply any amounts thereafter received by the Administrative Agent for the account of such Lender to satisfy such Lender’s obligations under such Sections until all such
unsatisfied obligations are fully paid. 

(f) (f) Application of Proceeds of Collateral and Guaranty. Subject to the terms of any intercreditor agreement entered into by the Administrative Agent in accordance with
Section 9.10(e), all amounts received under the Guaranty Agreement and all proceeds received by the Administrative Agent from the sale or other liquidation of the Collateral when an Event of Default exists shall first be
applied as payment of the accrued and unpaid fees of the Administrative Agent hereunder and then to all other unpaid or unreimbursed Obligations (including reasonable attorneys’ fees and expenses in accordance with
Section 10.03) owing to the Administrative Agent in its capacity as Administrative Agent only, and then any remaining amount of such proceeds shall be distributed: 

(i) first, to an account at the Administrative Agent over which the Administrative Agent shall have control in an amount
equal to 102% of the LC Exposure then outstanding; 
 (ii) second, to the Secured Parties, pro rata in accordance with
the respective unpaid amounts of Loan Obligations and Swap Obligations, until all the Loan Obligations and Swap Obligations have been paid and satisfied in full or cash collateralized; 

(iii) third, to the Secured Parties, pro rata in accordance with the respective unpaid amounts of the Deposit
Obligations, until all Deposit Obligations have been paid and satisfied in full or cash collateralized; 
 (iv)
fourth, to the Secured Parties, pro rata in accordance with the respective unpaid amounts of the remaining Obligations; and 

  
 CREDIT AGREEMENT, Page 116 












 (v) fifth, to the Person entitled thereto as directed by the Parent
Borrower or as otherwise determined by applicable law or applicable court order. 
 For the avoidance of doubt, on and after the Foreign Collateral
Reallocation, the guarantees provided by the Foreign Subsidiary Loan Parties and the Collateral granted by the Foreign Subsidiary Loan Parties will only guarantee or secure, as applicable, the Foreign Obligations and the proceeds of such guarantee
or Collateral shall be applied as set forth above, but only to the extent the amounts above constitute Foreign Obligations. 

(g) Noncash Proceeds. Notwithstanding anything contained herein to the contrary, if the Administrative Agent shall ever
acquire any Collateral through foreclosure or by a conveyance in lieu of foreclosure or by retaining any of the Collateral in satisfaction of all or part of the Obligations or if any proceeds of Collateral received by the Administrative Agent to be
distributed and shared pursuant to this Section 2.18 are in a form other than immediately available funds, the Administrative Agent shall not be required to remit any share thereof under the terms hereof and the Secured
Parties shall only be entitled to their undivided interests in the Collateral or noncash proceeds as determined by paragraph (f) of this Section 2.18. The Secured Parties shall receive the applicable portions
(in accordance with the foregoing paragraph (f)) of any immediately available funds consisting of proceeds from such Collateral or proceeds of such noncash proceeds so acquired only if and when received by the Administrative Agent in
connection with the subsequent disposition thereof. While any Collateral or other property to be shared pursuant to this Section is held by the Administrative Agent pursuant to this paragraph (g), the Administrative Agent shall hold such
Collateral or other property for the benefit of the Secured Parties and all matters relating to the management, operation, further disposition or any other aspect of such Collateral or other property shall be resolved by the agreement of the
Required Lenders. 
 (h) Return of Proceeds. If at any time payment, in whole or in part, of any amount distributed by
the Administrative Agent hereunder is rescinded or must otherwise be restored or returned by the Administrative Agent as a preference, fraudulent conveyance, or otherwise under any bankruptcy, insolvency, or similar law, then each Person receiving
any portion of such amount agrees, upon demand, to return the portion of such amount it has received to the Administrative Agent. 

Section 2.19 Mitigation Obligations; Replacement of Lenders. 

(a) Mitigation. If any Lender requests compensation under Section 2.15, or if a Borrower is
required to pay any additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 2.17, then such Lender shall use reasonable efforts to designate a different lending office
for funding or booking its Loans hereunder or 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 2.15 or 2.17, as the case may be, in the future and (ii) would not subject such Lender to any unreimbursed cost or expense and would not otherwise be disadvantageous to such
Lender. Each Borrower hereby agrees to pay all reasonable costs and expenses incurred by any Lender in connection with any such designation or assignment. 

  
 CREDIT AGREEMENT, Page 117 












 (b) Replacement. If (i) a Lender requests compensation under
Section 2.15, (ii) a Borrower is required to pay any additional amount to a Lender or any Governmental Authority for the account of a Lender pursuant to Section 2.17, (iii) a Lender is a Defaulting
Lender, or (iv) a Lender shall become a Non-consenting Lender (as defined below), then the Parent Borrower may, upon notice to such Lender and the Administrative Agent, (x) terminate the applicable
Commitments of such Lender and repay the outstanding principal of its Loans of the relevant Class or Classes, accrued interest thereon, accrued fees and all other amounts payable to it hereunder as of such termination date or (y) at its
sole expense and effort, require such Lender to assign and delegate, without recourse (in accordance with and subject to the restrictions contained in Section 10.04), all its interests, rights and obligations in one or more
Classes (as the Parent Borrower shall elect) under this Agreement to an assignee that shall assume such obligations (which assignee may be another Lender, if a Lender accepts such assignment); provided that (A) the Parent Borrower shall
have received the prior written consent of the Administrative Agent to such assignee Lender to the extent required by Section 10.04, which consent shall not unreasonably be withheld, (B) such assignor Lender shall have
received payment of an amount equal to the outstanding principal of its Loans of the relevant Class or Classes (and participations in LC Disbursements and Swingline Loans, to the extent applicable), accrued interest thereon, accrued fees and
all other amounts payable to it hereunder, from the assignee (to the extent of such outstanding principal and accrued interest and fees) or the Borrowers (in the case of all other amounts) and (C) in the case of any such assignment resulting
from a claim for compensation under Section 2.15 or payments required to be made pursuant to Section 2.17, such assignment will result in a reduction in such compensation or payments. A Lender
shall not be required to make any such assignment and delegation (and such termination and repayment shall not occur) if, prior thereto, as a result of a waiver by such Lender or otherwise, the circumstances entitling the Borrowers to require such
assignment, delegation or termination and repayment cease to apply (in the case of a termination and repayment, prior to the date fixed in the applicable notice to such lender for such termination and repayment). In the event that (i) the
Parent Borrower or the Administrative Agent have requested the Lenders to consent to a departure or waiver of any provisions of the Loan Documents or to agree to any other modification thereto, (ii) the consent, waiver or other modification in
question requires the agreement of all Lenders, all directly and adversely affected Lenders or any other Class or group of Lenders other than Required Lenders (or other applicable majority) in accordance with the terms of
Section 10.02 and (iii) the Required Lenders (or, in the case of any Class voting, the holders of a majority of the outstanding Loans and unused Commitments in respect of such Class) have agreed to such consent,
waiver or other modification, then any Lender who does not agree to such consent, waiver or other modification shall be deemed a “Non-consenting Lender”. 

Section 2.20 Incremental Facilities. 

(a) The Parent Borrower may, by written notice to the Administrative Agent at any time, on one or more occasions, request to
(i) add one or more new tranches of term facilities and/or increase the principal amount of the Term Loans, any Incremental Term Loans or any Specified Refinancing Term Loans by requesting new term loans commitments to be added to such Loans
(any such new tranche or increase, an “Incremental Term Facility” and any loans made pursuant to an Incremental Term Facility, “Incremental Term Loans”) and/or (ii) add one or more new tranches of incremental
revolving facilities and/or increase the principal amount of any such 

  
 CREDIT AGREEMENT, Page 118 












 
tranche of incremental revolving facilities (each, an “Incremental Revolving Facility” and, together with any Incremental Term Facility, “Incremental
Facilities”; and the loans thereunder, “Incremental Revolving Loans” and, together with any Incremental Term Loans, “Incremental Loans”) in an aggregate amount not to exceed the Incremental Amount. Such
notice shall set forth (i) the amount of the Incremental Term Loans and/or Incremental Revolving Commitments being requested (which shall be (x) with respect to Incremental Term Loans denominated in dollars, in minimum increments of
$15,000,000, and with respect to Incremental Term Loans denominated in an Alternative Currency, in minimum increments of the Dollar Equivalent of $7,500,000, (y) with respect to Incremental Revolving Commitments denominated in dollars, in minimum
increments of $10,000,000, and with respect to Incremental Revolving Commitments denominated in an Alternative Currency, in minimum increments of the Dollar Equivalent of $5,000,000 or (z) equal to the remaining Incremental Amount) and
(ii) the date, which shall be a Business Day, on which such Incremental Term Loans are requested to be made and/or Incremental Revolving Commitments are requested to become effective (the “Increased Amount Date”) pursuant to an
Incremental Facility Activation Notice. 
 (b) Incremental Loans may be provided by any existing Lender (it being understood
each existing Lender shall have no obligation to participate in any Incremental Facility), or by any other lender (any such other lender being called an “Additional Lender”); provided that the Administrative Agent and Issuing
Bank shall have consented (such consent not to be unreasonably withheld) to such Additional Lender’s providing such Incremental Facilities if such consent would be required under Section 10.04(b) for an assignment of
Loans to such Additional
Lender; provided
further that no Lender or Additional Lender that in each case is not a Farm Credit Lender shall provide any Incremental Term Loans in the form of an increase to the Term A Facility without the prior written consent of CoBank. 
 (c) The creation or provision of any Incremental Facility or Incremental Loan
shall not require the approval of any existing Lender other than any existing Lender providing all or part of any Incremental Facility or Incremental Loan. 

(d) The applicable Borrower and each Lender or Additional Lender providing a portion of the Incremental Facilities shall
execute and deliver to the Administrative Agent an Incremental Assumption Agreement and such other documentation as the Administrative Agent shall reasonably specify to evidence the Incremental Facilities of such Lender and/or Additional Lender.
Each Incremental Assumption Agreement shall specify the terms of the Incremental Term Loans and/or Incremental Revolving Commitments to be made thereunder; provided that, (i) subject to exceptions for the Inside Maturity Amount and customary bridge financings (to the
extent such bridge financing is convertible on customary
terms into a permanent instrument otherwise meeting the conditions in this clause (i)), the final maturity date of any Incremental Term Loan that is a “term loan B” shall be no earlier than the Latest Maturity
Date with respect to any then-existing Term B Loans as of such date, (ii) subject to exceptions for the Inside Maturity Amount and customary bridge financings (to the
extent such bridge financing is convertible on customary
terms into a permanent instrument otherwise meeting the conditions in this clause (ii)), the weighted average life to maturity of any Incremental Term Loan that is a “term loan B” shall be no shorter than the
remaining weighted average life to maturity of the then-existing Term B Loans, in each case calculated as of the date of making such Incremental Term Loan (it being 

  
 CREDIT AGREEMENT, Page 119 












 
agreed, for the avoidance of doubt, that when calculating the weighted average life to maturity of any Indebtedness being amended, restated, amended and restated, supplemented, extended, renewed,
replaced, refinanced or otherwise modified, the effects of any amortization or prepayments made on such Indebtedness vis-α-vis the amortization schedule prior to
the date of the applicable amended, restatement, amendment and restatement, supplement, extension, renewal, replacement, refinancing or other modification shall be disregarded), (iii) such Incremental Facilities may be pari passu or subordinated in
right of payment with respect to the Loans outstanding (or made on) the
SixthSeventh
 Amendment Date and/or pari passu or subordinated in right of security with respect to such Loans (and to the extent so subordinated, the holders of such indebtedness or a representative thereof will enter
into a customary intercreditor agreement with the Loan Parties and the Administrative Agent evidencing such subordination) or may be unsecured, (iv) any prepayment (other than scheduled amortization payments and voluntary prepayments) of
Incremental Term Loans that are pari passu in right of payment and security with any then-existing Term Loans that require ratable prepayment shall be made on a pro rata basis with such then existing Term Loans (and all other then-existing
Incremental Term Loans and Specified Refinancing Term Loans requiring ratable prepayment), subject to the right of the Borrowers to direct the application of voluntary prepayments and except that the Borrower and the lenders in respect of such
Incremental Term Loans shall be permitted, in their sole discretion, to elect to prepay or receive, as applicable, any prepayments on a less than pro rata basis (but not on a greater than pro rata basis), (v) subject to exceptions for the Inside Maturity Amount and customary bridge financings (to the
extent such bridge financing is convertible on customary
terms into a permanent instrument otherwise meeting the conditions in this clause (v)), the maturity date or commitment reduction date of any Incremental Revolving Loan shall be no earlier than the Latest Maturity Date with
respect to Revolving Commitments, (vi) if the Effective Yield in respect of any Incremental Term Loans that are “term B loans” that rank pari passu in right of payment and with respect to security with any Term B Loans outstanding on
the
SixthSeventh
 Amendment Date exceeds the Effective Yield for such Term B Loans by more than 0.50%, then the Applicable Rate for such relevant Term B Loans shall be increased to the extent necessary so that the
Effective Yield for such Term B Loans is equal to the Effective Yield for such Incremental Term Loans that are “term B loans” minus 0.50%, (vii) to the extent an Incremental Revolving Facility is structured as an additional revolving
facility under this agreement and not as an increase to the existing Revolving Commitment hereunder, (x) no more than three revolving facilities (including any revolving facility constituting Specified Refinancing Debt), shall be outstanding
hereunder at any one time and (y) the Administrative Agent may, in its reasonable discretion, take such actions as it deems advisable to allocate Letters of Credit and any participations therein between any revolving facilities,
(viii) shall not be guaranteed by any Person that is not a Loan Party (or who becomes a Loan Party
substantially concurrently with the effectiveness thereof) and (ix) to the extent secured, shall be secured only by the Collateral (or a portion thereof) (or on property on which the Administrative Agent obtains a perfected Lien substantially concurrently with the
effectiveness thereof). All terms with respect to any Incremental Facility which are materially more restrictive (taken as a whole) than those with respect to the Loans under the existing
applicable Class of Credit Facility shall be (x) permitted by clauses (i) through (ix) of the preceding sentence, (y) applicable only after the Latest Maturity Date of the relevant Credit Facility
outstanding on the
SixthSeventh
 Amendment Date (which may be achieved by an amendment solely among the Parent Borrower and the Administrative Agent (and the Required Lenders hereby authorize the Administrative Agent to enter into
such 

  
 CREDIT AGREEMENT, Page 120 












 
amendment)), or (z) otherwise be reasonably satisfactory to the Administrative Agent; provided that documentation governing any Incremental Facility may include such materially
more restrictive terms so long as the Administrative Agent shall have been given prompt written notice thereof and this Agreement is amended to include such term for the benefit of each Credit Facility of the same Class (which may be achieved by an
amendment solely among the Parent Borrower and the Administrative Agent (and the Required Lenders hereby authorize the Administrative Agent to enter into such amendment)); provided that if any covenant is added for the benefit of the Term B
Loans pursuant to the immediately preceding proviso, such covenant shall be added to each Class to the extent such Class does not already have such covenant at least as restrictive. The Administrative Agent shall have been given prompt
written notice thereof and this Agreement is amended to include such covenant for the benefit of each Credit Facility of the same Class. The Administrative Agent shall promptly notify each Lender as to the effectiveness of each Incremental
Assumption Agreement. Each of the parties hereto hereby agrees that, upon the effectiveness of any Incremental Assumption Agreement, this Agreement shall be amended as necessary or appropriate, in the reasonable opinion of the Administrative Agent
and the Borrowers to effect the provisions of or be consistent with this Section 2.20. Any such deemed amendment may be memorialized in writing by the Administrative Agent with the Borrowers’ consent (not to be
unreasonably withheld) but without the consent of any other Lenders, and furnished to the other parties hereto. 
 (e)
Notwithstanding the foregoing, no Incremental Term Loan may be made and no Incremental Revolving Commitment shall become effective under this Section 2.20 unless (i) on the date on which such Loan is made or of such
effectiveness, (A) the conditions set forth in Section 4.04 shall be satisfied (it being understood that all references to “the occasion of any Borrowing” in Section 4.04 shall be
deemed to refer to the Increased Amount Date) and (B) the Parent Borrower is in compliance with the Financial Covenants on a Pro Forma Basis and the Administrative Agent shall have received a certificate to that effect dated such date and
executed by a Financial Officer of the Parent Borrower, (ii) the Administrative Agent shall have received legal opinions, board resolutions and other closing certificates and documentation as required by the relevant Incremental Assumption
Agreement and consistent with those delivered on the Effective Date under Section 4.01; provided that if the proceeds of an Incremental Facility are to be used to finance a Limited Condition AcquisitionTransaction
, any such conditions will be subject to Section 1.10(c) hereof. 

Section 2.21 Defaulting Lenders. Notwithstanding any provision of this Agreement to the contrary, if any Lender becomes a
Defaulting Lender, then the following provisions shall apply for so long as such Lender is a Defaulting Lender: 
 (a)
Suspension of Commitment Fees. Commitment fees shall cease to accrue on the unfunded portion of the Revolving Commitment of such Defaulting Lender pursuant to Section 2.12(a); 

(b) Suspension of Voting. The Revolving Commitment, Revolving Exposure of, and the outstanding Term Loans held by, such
Defaulting Lender shall not be included in determining whether Lenders have taken or may take any action hereunder (including any consent to any amendment or waiver pursuant to Section 10.02); provided that any
waiver, amendment or modification requiring the consent of all Lenders or each affected Lender which affects such Defaulting Lender differently than other affected Lenders shall require the consent of such Defaulting Lender; 

  
 CREDIT AGREEMENT, Page 121 












 (c) Participation Exposure. If any Swingline Exposure or LC Exposure
exists at the time a Lender becomes a Defaulting Lender then: 
 (i) Reallocation. All or any part of such Swingline
Exposure and LC Exposure shall be reallocated among the non-Defaulting Lenders in accordance with their respective Applicable Percentages (or in the case of Swingline Exposure and LC Exposure denominated in an
Alternative Currency, their USD/Multicurrency Applicable Percentage) but only to the extent (w) the sum of all non-Defaulting Lenders’ Revolving Exposures plus such Defaulting Lender’s Swingline
Exposure and LC Exposure does not exceed the total of all non-Defaulting Lenders’ Revolving Commitments, (x) the sum of all non-Defaulting Lenders’ USD
Only Revolving Exposures plus the allocable portion of such Defaulting Lender’s Swingline Exposure and LC Exposure does not exceed the total of all non-Defaulting Lenders’ USD Only Revolving
Commitments, (y) the sum of all non-Defaulting Lenders’ USD/Multicurrency Revolving Exposures plus the allocable portion of such Defaulting Lender’s Swingline Exposure and LC Exposure does not
exceed the total of all non-Defaulting Lenders’ USD/Multicurrency Revolving Commitments and (z) no Event of Default then exists; 

(ii) Payment and Cash Collateralization. If the reallocation described in clause (i) above
cannot, or can only partially, be effected, the applicable Borrower shall within two (2) Business Days following notice by the Administrative Agent (x) first, prepay such Swingline Exposure and (y) second, cash collateralize such
Defaulting Lender’s LC Exposure (after giving effect to any partial reallocation pursuant to clause (i) above) in accordance with the procedures set forth in Section 2.05(j) for so long as
such LC Exposure is outstanding or cannot be reallocated pursuant to clause (i) (it being understood that such amount (to the extent not applied as aforesaid) shall be returned in accordance with the procedures set forth in
Section 2.05(j)); 
 (iii) Suspension of Letter of Credit Fee. If the applicable Borrower
cash collateralizes any portion of such Defaulting Lender’s LC Exposure pursuant to this Section 2.21(c), the Borrowers shall not be required to pay any fees to such Defaulting Lender pursuant to
Section 2.12(b) with respect to such Defaulting Lender’s LC Exposure during the period such Defaulting Lender’s LC Exposure is cash collateralized; 

(iv) Reallocation of Fees. If the LC Exposure of the non-Defaulting Lenders is
reallocated pursuant to this Section 2.21(c), then the fees payable to the Lenders pursuant to Section 2.12(a) and Section 2.12(b) shall be adjusted in accordance with
such non-Defaulting Lenders’ Applicable Percentages (or in the case of fees arising from Revolving Exposure denominated in an Alternative Currency, such Lenders’ USD/Multicurrency Applicable
Percentages); and 

  
 CREDIT AGREEMENT, Page 122 












 (v) Issuing Bank Entitled to Fees. If any Defaulting Lender’s LC
Exposure is neither cash collateralized nor reallocated pursuant to Section 2.21(c), then, without prejudice to any rights or remedies of the Issuing Bank or any Lender hereunder, all letter of credit fees payable under
Section 2.12(b) with respect to such Defaulting Lender’s LC Exposure shall be payable to the Issuing Bank until such LC Exposure is cash collateralized and/or reallocated; 

(d) Suspension of Swingline Loans and Letters of Credit. So long as any Lender is a Defaulting Lender, the Swingline
Lender shall not be required to fund any Swingline Loan and the Issuing Bank shall not be required to issue, amend or increase any Letter of Credit, unless (i) it is satisfied that the related exposure will be 100% covered by the Revolving
Commitments of the non-Defaulting Lenders, (ii) cash collateral will be provided by the applicable Borrower in accordance with Section 2.21(c), and/or (iii) participating
interests in any such newly issued or increased Letter of Credit or newly made Swingline Loan shall be allocated among non-Defaulting Lenders in a manner consistent with
Section 2.21(c)(i) (and Defaulting Lenders shall not participate therein); and 
 (e) Setoff
Against Defaulting Lender. Any amount payable to such Defaulting Lender hereunder (whether on account of principal, interest, fees or otherwise and including any mandatory or voluntary prepayment and any amount that would otherwise be payable to
such Defaulting Lender pursuant to Section 2.18(c) but excluding Section 2.19(b)) shall, in lieu of being distributed to such Defaulting Lender, be retained by the Administrative Agent in a
segregated account and, subject to any applicable requirements of law, be applied at such time or times as may be determined by the Administrative Agent (i) first, to the payment of any amounts owing by such Defaulting Lender to the
Administrative Agent hereunder, (ii) second, pro rata, to the payment of any amounts owing by such Defaulting Lender to the Issuing Bank or Swingline Lender hereunder, (iii) third, to the funding of any Loan or the funding or cash
collateralization of any participating interest in any Swingline Loan or Letter of Credit 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,
(iv) fourth, if so determined by the Parent Borrower, held in such account as cash collateral for future funding obligations of the Defaulting Lender under this Agreement, (v) fifth, pro rata, to the payment of any amounts owing to the
Borrowers or the Lenders as a result of any judgment of a court of competent jurisdiction obtained by any Borrower or any Lender against such Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations under this
Agreement and (vi) sixth, after termination of the Commitments to such Defaulting Lender or as otherwise directed by a court of competent jurisdiction; provided that if such payment is (x) a prepayment of the principal amount of any
Loans or reimbursement obligations in respect of LC Disbursements for which a Defaulting Lender has not funded its participation obligations and (y) made at a time when the conditions set forth in Section 4.04 are
satisfied, such payment shall be applied solely to prepay the Loans of, and reimbursement obligations owed to, all non-Defaulting Lenders pro rata prior to being applied to the prepayment of any Loans, or
reimbursement obligations owed to, any Defaulting Lender, until such time as all Loans and LC Disbursements are held by the Lenders pro rata in accordance with their respective interests under the relevant Credit Facility. 

  
 CREDIT AGREEMENT, Page 123 












 In the event that the Administrative Agent, the Borrowers, the Issuing Bank and the
Swingline Lender each agrees that a Defaulting Lender who is a Revolving Lender has adequately remedied all matters that caused such Lender to be a Defaulting Lender, then the Swingline Exposure and LC Exposure of the Lenders shall be readjusted to
reflect the inclusion of such Lender’s Revolving Commitment and on such date such Lender shall purchase at par such of the Revolving Loans of the other Lenders (other than Swingline Loans) as the Administrative Agent shall determine may be
necessary in order for such Lender to hold such Revolving Loans in accordance with its Applicable Percentage and/or USD/Multicurrency Applicable Percentage, as applicable. 

Notwithstanding the above, the Borrowers’ right to replace a Defaulting Lender pursuant to this Agreement shall be in addition to, and
not in lieu of, all other rights and remedies available to the Borrowers against such Defaulting Lender under this Agreement, at law, in equity or by statute. 

Section 2.22 Specified Refinancing Debt. 

(a) The Borrowers may from time to time, add one or more new term loan facilities and new revolving credit facilities to the
Credit Facilities (“Specified Refinancing Debt”) pursuant to procedures reasonably specified by the Administrative Agent and reasonably acceptable to the Parent Borrower, to refinance (i) all or any portion of any Class of
Term Loans then outstanding under this Agreement and (ii) all or any portion of any Class of Revolving Loans (and the unused Revolving Commitments with respect to such Class of Revolving Loans) then in effect under this Agreement, in
each case pursuant to a Refinancing Amendment (it being agreed that in no event shall more than three Classes of revolving commitments be outstanding at any time under this Agreement); provided that such Specified Refinancing Debt:
(i) will rank pari passu in right of payment as the other Loans and Commitments outstanding on the SixthSeventh Amendment Date; (ii) will not be guaranteed by any Person
that is not a Subsidiary Loan Party (or which becomes a Subsidiary Loan Party simultaneously therewith) with respect in each case to the relevant Credit Facility; (iii) will be (x) unsecured or (y) secured only by the Collateral of
the relevant Loan Parties (or Collateral of a subset of the relevant Loan Parties) on a pari passu or junior basis with the Obligations (in each case pursuant to customary intercreditor arrangements reasonably satisfactory to the Administrative
Agent); (iv) will have such pricing and optional prepayment terms as may be agreed by the Parent Borrower and the applicable Lenders thereof; (v) (x) to the extent constituting revolving credit facilities, will not have a maturity date (or have
mandatory commitment reductions or amortization) that is prior to the Revolving Maturity Date of the Revolving Commitment being refinanced and (y) to the extent constituting term loan facilities, except in connection with the Inside Maturity Amount or customary bridge financings (to the extent
such bridge financing is convertible on customary terms
into a permanent instrument otherwise meeting the conditions in this clause (y)), will have a maturity date that is not prior to the date that is the scheduled maturity date of, and will have a weighted average life to
maturity that is not shorter than the weighted average life to maturity of, the Loans being refinanced (it being agreed, for the avoidance of doubt, that when calculating the weighted average life to maturity of such Indebtedness being refinanced,
the effects of any amortization or prepayments made on such Indebtedness vis-α-vis the amortization schedule prior to the date of the applicable refinancing shall
be disregarded); (vi) any Specified Refinancing Term Loans shall share ratably in any prepayments of Term Loans pursuant to Section 2.11 (or otherwise provide for more favorable prepayment treatment for the then outstanding
Classes of Term Loans other than 

  
 CREDIT AGREEMENT, Page 124 












 
Specified Refinancing Term Loans); (vii) each Revolving Borrowing (including any deemed Revolving Borrowings made pursuant to Section 2.04 or 2.05) shall be
allocated pro rata among the Classes of Revolving Commitments (it being agreed that notwithstanding the foregoing, the Administrative Agent may, in its reasonable discretion, take such actions as it deems advisable to allocate Letters of Credit and
participations therein between any revolving facilities); (viii) will have terms (other than pricing and optional prepayment and redemption terms) that are not materially more restrictive (taken as a whole) than those with respect to the Loans
and Commitments being refinanced or replaced (as reasonably determined by the Parent Borrower in good faith, which determination shall be conclusive), except terms (w) as permitted by clauses (i) through
(vii) above, (x) applicable only after the maturity date of the then outstanding Loans and Commitments at the time of such replacement, (y) consistent with then-current market terms for the applicable type of Indebtedness (as
reasonably determined by the Parent Borrower in good faith, which determination shall be conclusive), provided that no financial maintenance covenant applicable to the Parent Borrower may be added to the Specified Refinancing Debt pursuant to
this clause (y) without also being included in this Agreement (which may be achieved by an amendment solely among the Parent Borrower and the Administrative Agent (and the Required Lenders hereby authorize the
Administrative Agent to enter into such amendment)), and, for the avoidance of doubt, it being understood that if such financial covenant is a “springing” financial maintenance covenant applicable only to revolving Indebtedness, such
financial covenant shall be automatically included in this Agreement only for the benefit of each Revolving Facility and not for the benefit of any Credit Facility in respect of Term Loans hereunder; (z) otherwise be reasonably satisfactory to
the Administrative Agent; provided further that documentation governing any Specified Refinancing Debt may include such materially more restrictive terms so long as the Administrative Agent shall have been given prompt written notice
thereof and this Agreement is amended to include such covenant for the benefit of the relevant Credit Facility and Loans being refinanced (which such amendment shall only require the consent of the Parent Borrower and Administrative Agent (and the
Required Lenders hereby authorize the Administrative Agent to enter into such amendment)); and (ix) the Net Cash Proceeds of such Specified Refinancing Debt shall be applied, substantially concurrently with the incurrence thereof, to the pro
rata prepayment of outstanding Loans being so refinanced, in each case pursuant to Section 2.08 and 2.11, as applicable; provided, however, that such Specified Refinancing Debt shall not have a
principal or commitment amount (or accreted value) greater than the Loans being refinanced (excluding accrued interest, fees, discounts, premiums or expenses). 

(b) The Parent Borrower shall make any request for Specified Refinancing Debt pursuant to a written notice to the
Administrative Agent specifying in reasonable detail the proposed terms thereof. Any proposed Specified Refinancing Debt may be provided by existing Lenders or, subject to the approval of the Administrative Agent and, with respect to revolving
commitments, the Issuing Bank (in each case, which approval shall not be unreasonably withheld, conditioned or delayed), Eligible Assignees in such respective amounts as the Parent Borrower may elect. 

(c) (The effectiveness of any Refinancing Amendment shall be subject to the satisfaction on the date thereof of each of the conditions set forth in such Refinancing Amendment. The Lenders hereby authorize the
Administrative Agent to enter into amendments to this Agreement and the other Loan Documents with the relevant Borrower or Borrowers as may be necessary in order to establish any Specified Refinancing Debt and to make such technical amendments as
may be necessary or appropriate in the reasonable opinion of the Administrative Agent and the relevant Borrower in connection with the establishment of such Specified Refinancing Debt, in each case on terms consistent with and/or to effect the
provisions of this Section 2.22. 

  
 CREDIT AGREEMENT, Page 125 












 (d) Each Class of Specified Refinancing Debt incurred under this
Section 2.22 shall be in an aggregate principal amount that is (i) (x) not less than $5,000,000 (or if applicable, $C5,000,000, €5,000,000 or the Dollar Equivalent of $5,000,000 if denominated in another
Alternative Currency) and (y) an integral multiple of $1,000,000 (or if applicable, $C1,000,000, €1,000,000 or the Dollar Equivalent of $1,000,000 if denominated in another Alternative Currency) in excess thereof or (ii) the amount
required to refinance all of the applicable Class of Loans and/or Commitments. Any Refinancing Amendment may provide for the making of Refinancing Revolving Loans to, or the issuance of Letters of Credit for the account of, the Borrowers or any
Subsidiary, or the provision to the Borrowers of Swingline Loans, pursuant to any revolving credit facility established thereby, in each case on terms substantially equivalent to the terms applicable to Letters of Credit and Swingline Loans under
the Revolving Commitments. 
 (e) The Administrative Agent shall promptly notify each Lender as to the effectiveness of each
Refinancing Amendment. Each of the parties hereto hereby agrees that, upon the effectiveness of any Refinancing Amendment, this Agreement shall be deemed amended to the extent (but only to the extent) necessary to reflect the existence and terms of
the Specified Refinancing Debt incurred pursuant thereto (including the addition of such Specified Refinancing Debt as separate facilities hereunder and treated in a manner consistent with the Credit Facilities being refinanced, including for
purposes of prepayments and voting). Any Refinancing Amendment may, without the consent of any Person other than the Borrowers, the Administrative Agent and the Lenders providing such Specified Refinancing Debt, effect such amendments to this
Agreement and the other Loan Documents as may be necessary or appropriate, in the reasonable opinion of the Administrative Agent and the Borrower to effect the provisions of or be consistent with this Section 2.22. In
addition, if so provided in the relevant Refinancing Amendment and with the consent of each Issuing Bank, participation in Letters of Credit expiring on or after the scheduled maturity date in respect of a Class of revolving commitments shall
be reallocated from Lenders holding such revolving commitments to Lenders holding refinancing revolving commitments in accordance with the terms of such Refinancing Amendment; provided, however, that such participation interests shall,
upon receipt thereof by the relevant Lenders holding refinancing revolving commitments, be deemed to be participation interests in respect of such extended revolving commitments and the terms of such participation interests (including the commission
applicable thereto) shall be adjusted accordingly. 
 Section 2.23 Ancillary Facilities. 

(a) If any Borrower and any Ancillary Lender agree, subject to compliance with the requirements set forth in this
Section 2.23, such Ancillary Lender shall be permitted to provide an Ancillary Facility on a bilateral basis to such Borrower. To the extent any Ancillary Facility exists, the following shall apply: 

  
 CREDIT AGREEMENT, Page 126 












 (i) The applicable Revolving Commitment of the Ancillary Lender shall: 

(A) be deemed to be utilized by its applicable Ancillary Commitment for purposes of (1) calculating the commitment fee
payable to such Ancillary Lender pursuant to Section 2.12(a) and (2) calculating the aggregate remaining amount of Revolving Exposure of all applicable Revolving Lenders available under the Revolving Facility (it being
understood the commitment fee payable pursuant Section 2.12(a) to Lenders without an Ancillary Facility shall not be modified by the existence of any Ancillary Facility and for purposes of such calculation it shall be
assumed that each such Lender’s Revolving Commitments have not been reduced as a result of such Ancillary Facility) (such remaining amount, the “Remaining Revolving Exposure”) and 

(B) not be deemed to be utilized by the Ancillary Commitment of the applicable Ancillary Lender for purposes of determining
whether the Dollar Equivalent of such Ancillary Lender’s Revolving Exposure exceeds its applicable Revolving Commitment (and therefor whether such Ancillary Lender is required to make or participate in a Loan or Letter of Credit under this
Agreement). 
 (ii) Borrowings of the Remaining Revolving Exposure shall be made on a pro rata basis among the Revolving
Lenders of the applicable Class (including the applicable Ancillary Lenders) pursuant to and subject to the limitations set forth in Section 2.01. 

(b) To request the creation of an Ancillary Facility, any Borrower shall deliver to the Administrative Agent not later than
five (5) Business Days (or such shorter period agreed to by the Administrative Agent) prior to the first date on which such Ancillary Facility is proposed to be made available: 

(i) a notice in writing specifying: 

(A) the Borrower or Borrowers to which extensions of credit will be made available thereunder; 

(B) the first Business Day on which such Ancillary Facility shall be made and the expiration date of such Ancillary Facility
(which shall be no later than the Revolving Maturity Date); 
 (C) the type of Ancillary Facility being provided; 

(D) the identity of the Ancillary Lender(s); and 

(E) the amount and currency of the Ancillary Commitment with respect to such Ancillary Facility (which shall be expressed in
any currency to which such Ancillary Lenders may agree) and shall not exceed such Ancillary Lender’s Revolving Commitment; 

  
 CREDIT AGREEMENT, Page 127 












 (ii) a copy of the Ancillary Facility Documents with respect to such
Ancillary Facility, together with a certificate of a Responsible Officer of the applicable Borrower(s) certifying that the terms of such Ancillary Facility satisfy the requirements set forth in this Section 2.23 (including
any applicable definitions used herein); and 
 (iii) such other information that the Administrative Agent may reasonably
request in connection with such Ancillary Facility. 
 The Administrative Agent shall give notice to each Revolving Lender of such Ancillary
Facility notice. 
 (c) (i) Subject to the terms of this Agreement, an Affiliate of any Revolving Lender (other than a
Disqualified Institution) may become an Ancillary Lender, in which case such Revolving Lender and such Affiliate shall be treated as a single Revolving Lender whose Revolving Commitment is as set forth in Schedule 2.01 or in the Assignment
and Assumption pursuant to which such Revolving Lender assumed its Revolving Commitment. 
 (ii) To the extent that this
Agreement or any other Loan Document imposes any obligation on any Ancillary Lender and such Ancillary Lender is an Affiliate of a Revolving Lender and not a party thereto, the relevant Revolving Lender shall ensure that such obligation is performed
by such Affiliate in compliance with the terms hereof or such other Loan Document. 
 (iii) Each Ancillary Lender, in its
capacity as such, hereby appoints the Administrative Agent as its agent for purposes of the Loan Documents and for the avoidance of doubt agrees the Administrative Agent may rely on the applicable protections and indemnities set forth herein
(including those set forth in Article IX) with respect to its role as agent under the Loan Documents for such Ancillary Lender. 

(d) The terms and conditions of any Ancillary Facility shall be as agreed by the applicable Ancillary Lenders and the
applicable Borrower thereunder; provided that such terms shall at all times: (i) permit extensions of credit thereunder to be made only to the applicable Borrower; (ii) provide that the Ancillary Commitment of the applicable
Ancillary Lenders under such Ancillary Facility shall not exceed such Ancillary Lender’s USD Only Revolving Commitment or USD/Multicurrency Revolving Commitment, as applicable, and that, in the event and on such occasion that such Ancillary
Commitment exceeds such USD Only Revolving Commitment or USD/Multicurrency Revolving Commitment, as applicable, such Ancillary Commitment shall be automatically reduced by the amount of such excess; (iii) provide that the Ancillary Facility
Exposure shall not exceed the Ancillary Commitment with respect to such Ancillary Facility and (iv) provide that the Ancillary Commitment under such Ancillary Facility shall be canceled, and that all extensions of credit under such Ancillary
Facility shall be repaid, not later than the Revolving Maturity Date unless cash collateralized or supported by the issuance of a “back to back” letter of credit in a manner meeting the requirements of clause (iv)
of the definition of “Date of Full Satisfaction”. 

  
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 (e) (i) Each Ancillary Facility shall terminate on the Revolving Maturity
Date or such earlier date (A) as provided in the relevant Ancillary Facility Document or (B) on which its expiry date occurs or on which it is cancelled in accordance with the terms of this Agreement. 

(ii) If an Ancillary Facility expires in accordance with its terms, the Ancillary Commitment of the Ancillary Lender shall be
reduced to zero (and the Revolving Commitments of the Lenders and the Ancillary Lender shall no longer be deemed utilized to the extent set forth above in Section 2.23(a)). 

(iii) No Ancillary Lender may demand repayment or prepayment of, or cash collateralization of, any Ancillary Facility Exposure
prior to the expiry date of the relevant Ancillary Facility (except where the relevant Ancillary Facility is provided on a net limit basis to the extent required to reduce any gross outstandings to the net limit) unless any of the
following events has occurred and in the case of clause (B)(ii), (C) and (D) below such Ancillary Lender has given the Parent Borrower and the relevant Borrower not less than three (3) Business
Days’ notice thereof: 
 (A) the Revolving Maturity Date has occurred; 

(B) (i) the Revolving Loans have been accelerated and the Revolving Commitments terminated and repayment has been demanded
thereof, or the Indebtedness or other obligations thereunder or (ii) a Borrower has been required to provide cash collateral with respect to letters of credit under an Ancillary Facility on substantially the same terms as the provisions of
Section 2.05(j); 
 (C) it has become unlawful in any applicable jurisdiction for the Ancillary
Lender to perform any of its obligations as contemplated by this Agreement or to fund, issue or maintain its participation in its Ancillary Facility; or 

(D) the Ancillary Facility Exposure, if any, under such Ancillary Facility is refinanced by a Revolving Loan and the relevant
Ancillary Lender provides sufficient notice to permit the refinancing of such Ancillary Facility Exposure with a Revolving Loan; provided that for the purposes of repaying any Ancillary Facility Exposure pursuant to paragraph
(e)(iii)(E) of this Section 2.23, the applicable conditions precedent to borrowing such Revolving Loan shall be met and the relevant Ancillary Facility shall be cancelled. 

(f) Each Borrower to which an Ancillary Facility has been made available and each Ancillary Lender shall, upon request by the
Administrative Agent, promptly supply the Administrative Agent with any information relating to the operation of such Ancillary Facility (including the Ancillary Facility Exposure) as the Administrative Agent may reasonably request. 

(g) The Borrowers acknowledge and consent that Sections 2.14, 2.15, 2.16, 2.17,
2.18(f), 2.19 and 10.12 of this Agreement shall apply to each Ancillary Facility (unless expressly agreed by the relevant Ancillary Lender and the relevant Borrower in their sole discretion) and, at the option of the Borrowers,
Section 2.05(j) may apply to any Ancillary Facility. 

  
 CREDIT AGREEMENT, Page 129 












 (h) In the event of any conflict between the terms of an Ancillary Facility
Document and any other Loan Document, the terms of such other Loan Document shall govern except for (i) Sections 2.12 and 2.13 for the purposes of calculating fees, interest or commission relating to the
relevant Ancillary Facility, (ii) any Ancillary Facility comprising more than one account where the terms of the Ancillary Facility Documents shall prevail to the extent required to permit the netting of balances in respect of such accounts and
(iii) where the relevant term of such Loan Document would be contrary to, or inconsistent with, the law governing the relevant Ancillary Facility Document, in which case the relevant term of such Loan Document shall be superseded by the terms
of the such Ancillary Facility Document to the extent necessary to eliminate the subject conflict or inconsistency; provided, however, that notwithstanding anything to the contrary herein, (x) no Ancillary Facility Document shall
contain any representation or warranty, covenant or event of default that is not set forth in this Agreement (and any such representation or warranty, covenant or event of default not set forth in this Agreement shall be rendered null and void) and
(y) all representations and warranties, covenants and events of default set forth in any Ancillary Facility Document shall contain standards, qualifications, thresholds and exceptions for materiality or otherwise consistent with those set forth
in this Agreement (and, to the extent inconsistent therewith, the relevant Ancillary Documents shall be deemed to automatically incorporate the applicable standards, qualifications, thresholds and exceptions set forth herein without action by any
Person). 
 (i) Notwithstanding anything to the contrary herein, in any other Loan Document or in any Ancillary Facility
Document, other than as set forth in Section 8.01(f), no breach of any representation, warranty, undertaking or other term of (or default or event of default under) any Ancillary Facility Document shall be deemed to
constitute, or result in, a breach of any representation, warranty, undertaking or other term of, or Default or Event of Default under, this Agreement or any other Loan Document. 

(j) Notwithstanding any other provision hereunder to the contrary, no amendment or waiver of a term of any Ancillary Facility
Document shall require the consent of any Lender other than the relevant Ancillary Lender.  

ARTICLE III 

Representations and Warranties 

Each Borrower (other than, in respect of
Sections 3.04, 3.11 and, 3.12 and 3.14,
which are made only by the Parent Borrower) party hereto represents and warrants that: 
 Section 3.01 Organization;
Powers. Each of the Borrowers and their Restricted Subsidiaries (a) is validly existing under the laws of the jurisdiction of its organization or formation, except, in the case of a Restricted Subsidiary, where the failure to so exist couldwould not reasonably be expected to result in a Material Adverse Effect, (b) has all requisite power and authority to carry on its business as now conducted and (c) except where the failure to do so,
individually or in the aggregate,
couldwould
 not reasonably be expected to result in a Material Adverse Effect, is qualified to do business in, and is in good standing (where relevant) in, its jurisdiction of organization or formation and every other
jurisdiction where such qualification is required. 

  
 CREDIT AGREEMENT, Page 130 












 Section 3.02 Authorization; Enforceability. Each of the Parent Borrower and the
Subsidiary Loan Parties has the corporate or other organizational power and authority to execute, deliver and carry out the terms and provisions of the Loan Documents to which it is a party and has taken all necessary corporate or other
organizational action to authorize the execution, delivery and performance of the Loan Documents to which it is a party. This Agreement has been duly executed and delivered by the Borrowers party hereto and constitutes, and each other Loan Document
to which any Loan Party is to be a party, when executed and delivered by such Loan Party, will constitute, a legal, valid and binding obligation of such Borrower or such other Loan Party (as the case may be), enforceable in accordance with its
terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium, capital impairment, recognition of judgments, recognition of choice of law, enforcement of judgments or other similar laws or other laws affecting creditors’
rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law. 

Section 3.03 Governmental Approvals; No Conflicts. The execution, delivery and performance of the Loan Documents: (a) do not
require any consent or approval of, registration or filing with, or any other action by, any Governmental Authority, except (i) such as have been obtained or made and are in full force and effect, (ii) filings necessary to perfect Liens
created under the Loan Documents and (iii) immaterial consents, approvals, registrations, filing or other actions, (b) will not violate (i) any applicable law or regulation or any order of any Governmental Authority binding on such
Person or (ii) in any material respect, the charter, by-laws or other organizational documents of such Borrower or any of its Restricted Subsidiaries, (c) will not violate or result in a default
under any material indenture, agreement or other instrument binding upon the Parent Borrower or any of its Restricted Subsidiaries or its assets, or give rise to a right thereunder to require any payment to be made by the Parent Borrower or any of
its Restricted Subsidiaries (unless such payment is not restricted hereunder), and (d) will not result in the creation or imposition of any Lien on any asset of the Parent Borrower or any of its Restricted Subsidiaries, except Liens created
under and Liens permitted by the Loan Documents (if any), except to the extent such violation or default referred to in clause (b)(i) or (c) above couldwould not reasonably be expected to result in a Material Adverse Effect. 
 Section 3.04
Financial Condition; No Material Adverse Change. 
 (a) Financial Statements. The Parent Borrower has
heretofore furnished to the Lenders its consolidated balance sheet and statements of income, stockholders equity and cash flows as of and for the fiscal quarter ended
June 27,
2020October 2, 2021 and the fiscal year ended
December 
28January 2, 20192021. Such financial statements present fairly, in all material respects, the financial position and results of operations and cash flows of the Parent Borrower and its consolidated Subsidiaries as of such dates and
for such periods in accordance with GAAP. 
 (b) No Material Adverse Change. Since December 
28January 2, 20192021, there has been no material adverse change in the business, assets, property, financial condition or results of operation, of the Parent Borrower and its Restricted Subsidiaries, taken as a whole. 

  
 CREDIT AGREEMENT, Page 131 












 Section 3.05 Properties. 

(a) Title. Each of such Borrower and its Restricted Subsidiaries has good title to, or valid leasehold interests in, all
its real and personal property material to its business, except for defects in title that do not interfere with its ability to conduct its business as currently conducted or to utilize such properties for their intended purposes or where the failure
to have such title or interest
couldwould not reasonably be expected to result in a Material Adverse Effect. 
 (b)
Intellectual Property. Except as
couldwould not reasonably be expected to result in a Material Adverse Effect, (i) each of such Borrower and its Restricted Subsidiaries owns, or is licensed to use, all trademarks, tradenames, service names, domain
names, copyrights, patents and other intellectual property necessary for its business and (ii) to the knowledge of such Borrower, the use of any such intellectual property by such Borrower and its Restricted Subsidiaries does not infringe upon
the rights of any other Person and the intellectual property owned by any Loan Party is not being infringed by any other Person. 

Section 3.06 Litigation and Environmental Matters. 

(a) Litigation. There are no actions, suits or proceedings by or before any arbitrator or Governmental Authority pending
against or, to the knowledge of such Borrower, threatened in writing against or affecting such Borrower or any of its Restricted Subsidiaries which
couldwould reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect. 

(b) Environmental Matters. Except as could not reasonably be expected to, either individually or in the aggregate,
result in a Material Adverse Effect, neither such Borrower nor any of its Restricted Subsidiaries (i) has failed to comply with any applicable Environmental Law or to obtain, maintain or comply with any permit, license or other approval
required under any Environmental Law, (ii) has become subject to any Environmental Liability, (iii) has received written notice of any pending or threatened claim with respect to any Environmental Liability or has knowledge of any event or
circumstance that
couldwould reasonably be expected to give rise to such a claim, (iv) knows of any basis for, or that couldwould reasonably be expected to give rise to, any Environmental
Liability, or (v) has assumed or retained by contract or operation of law any obligations under Environmental Law or relating to Hazardous Materials. 

Section 3.07 Compliance with Laws. Such Borrower and each of its Restricted Subsidiaries is in compliance with all laws,
regulations and orders of any Governmental Authority applicable to it or its property, except where the failure to do so, individually or in the aggregate,
couldwould not reasonably be expected to result in a Material Adverse Effect. 
 Section 3.08
Investment Company Act Status. Neither such Borrower nor any of its Restricted Subsidiaries is an “investment company” as defined in, or subject to regulation under, the Investment Company Act of 1940. 

Section 3.09 Taxes. Such Borrower and each of its Restricted Subsidiaries has timely filed or caused to be filed all Tax returns
and reports required to have been filed and has paid or caused to be paid all Taxes required to have been paid by it, except (a) Taxes not overdue by more than 30 days or, if more 

  
 CREDIT AGREEMENT, Page 132 












 
than 30 days overdue, that are being contested in good faith by appropriate proceedings and for which such Borrower or such Restricted Subsidiary, as applicable, has set aside on its books
adequate reserves or (b) to the extent that the failure to do so
couldwould not reasonably be expected to result in a Material Adverse Effect. 
 Section 3.10
ERISA; Canadian Benefit Plans. No ERISA Event has occurred or is reasonably expected to occur that, when taken together with all other such ERISA Events for which liability is reasonably expected to occur, couldwould reasonably be expected to, individually or in the aggregate, result in a Material Adverse Effect. Except as
couldwould
 not reasonably be expected to result, individually or in the aggregate, in a Material Adverse Effect, the fair market value of the assets of each Pension Plan (as determined by the Parent Borrower in good
faith) was not materially less than the present value of the accumulated benefit obligation under such Pension Plan (based on the assumptions used for purposes of Accounting Standards Codification No. 715: Compensation-Retirement Benefits) as
of the close of the most recent Plan year, as reported in the most recent financial statements reflecting such amounts. If all of the Pension Plans were terminated (disregarding any Pension Plans with surpluses), the unfunded liabilities with
respect to the Pension Plans, individually or in the aggregate,
couldwould
 not reasonably be expected to result in a Material Adverse Effect. 
 The Canadian Loan Parties do not, and have not ever, sponsored, administered, participated in or contributed to a Canadian Multi-Employer Plan, except as may be consented to
by the Administrative Agent after the Effective Date (it being understood that at the Administrative Agent’s option it may also request the consent of the Required Lenders in connection with such determination). Except as
couldwould
 not reasonably be expected to result, individually or in the aggregate, in a Material Adverse Effect, (i) all Canadian Benefit Plans are or will be, and have been (where applicable), established,
registered (where required), amended, funded, invested and administered in material compliance with the terms of such Canadian Benefit Plans, all applicable laws and any applicable collective agreement; (ii) there is no investigation by a
Governmental Authority or claim (other than routine claims for payment of benefits) pending or, to the knowledge of the Canadian Loan Parties, threatened involving any Canadian Benefit Plan or its assets, and no facts exist which couldwould reasonably be expected to give rise to any such investigation or claim (other than routine claims for payment of benefits); (iii) all employer and employee payments, contributions and premiums required to be
remitted, paid to or paid in respect of each Canadian Benefit Plan have been paid or remitted in accordance with its terms and all applicable laws; (iv) any Canadian Pension Plans are or will be (within the time period permitted by applicable
law) duly registered under all applicable Canadian federal or provincial pension benefits standards legislation; (v) all material obligations of any Canadian Loan Party required to be performed in connection with the Canadian Pension Plans or
the funding agreements therefor have been performed in a timely fashion; (vi) all reports and disclosures relating to the Canadian Pension Plans required by any applicable laws have been or will be filed or distributed in a timely fashion;
(vii) no amount is due and owing by any of the Canadian Pension Plans under the Income Tax Act (Canada) or any provincial taxation or pension benefits statute; and (viii) no Canadian Pension Termination Event has occurred. 

Section 3.11 Disclosure. As of the
SixthSeventh
 Amendment Date, (a) none of the written reports, financial statements, certificates or other information furnished by or on behalf of any Loan Party to the Administrative Agent (other than information
of a general economic or industry specific nature, projected financial information or other forward looking information) in connection with the negotiation of the
SixthSeventh
 Amendment or any other Loan Document that is entered into, amended or amended and 

  
 CREDIT AGREEMENT, Page 133 












 
restated in connection with the SixthSeventh Amendment (as modified or supplemented by other information so
furnished prior to the date on which this representation is made or deemed made), when taken as a whole, contains any material misstatement of fact or omits to state any material fact necessary to make the statements therein, in the light of the
circumstances under which they were made, not materially misleading; provided that, with respect to projected financial information, the Borrowers represent only that such information was prepared in good faith based upon assumptions believed
to be reasonable at the time made (it being understood that projections may vary from actual results and that such variances may be material) and (b) to the knowledge of the Parent Borrower, the information included in the Beneficial Ownership
Certification provided on or prior to the
SixthSeventh
 Amendment Date to any Lender in connection with this Agreement is true and correct in all material respects. 

Section 3.12 Subsidiaries. As of the Effective Date, the Parent Borrower has no Subsidiaries other than those listed on
Schedule 3.12 hereto. As of the Effective Date, Schedule 3.12 sets forth the jurisdiction of incorporation or organization of each such Subsidiary, the percentage of Parent Borrower’s ownership of the outstanding Equity Interests
of each Subsidiary directly owned by Parent Borrower and the percentage of each Subsidiary’s ownership of the outstanding Equity Interests of each other Subsidiary. All of the outstanding capital stock of each Restricted Subsidiary has been, to
the extent applicable, validly issued, is fully paid, and is nonassessable. As of the Effective Date, there are no outstanding subscriptions, options, warrants, calls, or rights (including preemptive rights) to acquire, and no outstanding securities
or instruments convertible into any Equity Interests of any Restricted Subsidiary. 
 Section 3.13 Labor Matters. As of the
Effective Date, except as disclosed on Schedule 3.13, (a) there are no strikes, lockouts or slowdowns against the Parent Borrower or any Restricted Subsidiary pending or, to the knowledge of the Parent Borrower, threatened in writing, that
would have a material impact on the operations of the Parent Borrower and the Restricted Subsidiaries and (b) except as couldwould not reasonably be expected to result in a Material Adverse Effect,
the hours worked by and payments made to employees of the Parent Borrower and the Restricted Subsidiaries have not been in violation of the Fair Labor Standards Act or any other applicable Federal, state, local or foreign law dealing with such
matters. 
 Section 3.14 Solvency. As of the
SixthSeventh
 Amendment Date (a) the sum of the debt (including contingent liabilities) of the Parent Borrower and its Subsidiaries on a consolidated basis, does not exceed the present fair saleable value of the
assets of the Parent Borrower and its Subsidiaries on a consolidated basis, (b) the capital of the Parent Borrower and its Subsidiaries on a consolidated basis, is not unreasonably small in relation to the business of the Parent Borrower and
its Subsidiaries on a consolidated basis, contemplated as of the date hereof and (c) the Parent Borrower and its Subsidiaries, on a consolidated basis, do not intend to incur, or believe that they will incur, debts (including current
obligations and contingent liabilities) beyond their ability to pay such debts as they mature in the ordinary course of business. For the purposes hereof, (x) the amount of any contingent liability at any time shall be computed as the amount
that, in light of all of the facts and circumstances existing at such time, represents the amount that can reasonably be expected to become an actual or matured liability (irrespective of whether such contingent liabilities meet the criteria for
accrual under Statement of Financial Accounting Standard No. 5) and (y) the term “present fair saleable value” means the amount that may be realized if the applicable company’s aggregate assets are sold with reasonable
promptness in an arm’s length transaction under present conditions for the sale of a comparable business enterprises. 

  
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 Section 3.15 Margin Securities. Neither the Parent Borrower nor any of its
Restricted Subsidiaries, is engaged principally, or as one of its important activities, in the business of extending credit for the purpose of purchasing or carrying margin stock (within the meaning of Regulations U or X of the Board of Governors of
the Federal Reserve System) and no part of the proceeds of any Loan will be used to purchase or carry any margin stock or to extend credit to others for the purpose of purchasing or carrying margin stock in violation of Regulation X or that would
entail a violation of Regulation U of the Board of Governors of the Federal Reserve System (and if required by such regulations or requested by a Lender, the Parent Borrower or such Restricted Subsidiary, as applicable, will provide any applicable
Lender with a signed Form G-3 or U-1 or any successor form, as applicable, containing the information required to be provided on such form by such entity). 

Section 3.16 Security Documents. Other than during a Collateral Suspension Period, the Security Documents are effective to create
in favor of the Administrative Agent for its benefit and the ratable benefit of the Lenders a legal, valid, and enforceable (subject to applicable bankruptcy, insolvency, reorganization, moratorium, capital impairment, recognition of judgments,
recognition of choice of law, enforcement of judgments or other similar laws or other laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law)
perfected Lien (subject to Liens permitted by Section 6.02) on the Collateral as security for the relevant Obligations (it being understood that subsequent filings and recordings may be necessary to perfect Liens on the Collateral
pursuant to Section 5.10) of each grantor described therein. 
 Section 3.17 Use of Proceeds. The proceeds of (a) the Term A Facility will be used solely for the Investment Purpose and (b) all other Credit Facilities
shallwill
 be used
(ai) to refinance certain existing indebtedness of the Parent Borrower and its Subsidiaries, (bii) to pay fees and expenses related to the Transactions and related
transactions (including any funding of original issue discount and upfront fees) and (ciii) for general corporate purposes (including, in the case of the
Revolving Facility, the working capital needs, capital expenditures, acquisitions, other investments, the payment of transaction fees and expenses, Restricted Payments, payments of Indebtedness and any other purpose not prohibited under the Loan
Documents) of the Parent Borrower and its Subsidiaries. Letters of Credit will be issued to support transactions entered into by the Parent Borrower or a Restricted Subsidiary in the ordinary course of business and, to the extent permitted or not
prohibited hereby, to support transactions entered into by an Unrestricted Subsidiary in the ordinary course of business. 

Section 3.18 Patriot Act; OFAC;
FCPASanctions; Anti-Corruption Laws.

 (a) Each of the Parent Borrower and its Subsidiaries is in compliance in all material respects with the Patriot
Act. 
 (b) (i) Each of the Parent Borrower and its Subsidiaries is in compliance, in all material respects, with the Trading
with the Enemy Act, as amended, and each of the foreign assets control regulations of the United States Treasury Department (31 CFR Subtitle B, Chapter V, as amended) and any other enabling legislation or executive order relating thereto;
(ii) none of the Parent Borrower or any of its Material
Subsidiaries nor, to the knowledge of the Borrowers, any director, officer, agent or employee of any of the foregoing is (x) a person on the list of
“Specially Designated Nationals and Blocked Persons” or (y) currently subject to any U.S. sanctions administered by the Office of Foreign Assets Control of the U.S. Treasury
Department 

  
 CREDIT AGREEMENT, Page 135 












 
(“OFAC
”)that
 will act in any capacity in connection with or benefit from the credit facilities established hereby, is a Sanctioned Person; and the Borrowers will not directly or, to the knowledge of such
Borrowers, indirectly use the proceeds of the Loans, Letter of Credit or any Ancillary Facility or
otherwise make available such proceeds to any Person, for the purpose of funding, financing
theor
facilitating any activities of any Person subject at the time such proceeds are made available to any U.S.
sanctions administered by OFAC, business or transaction of or with any Sanctioned Person, or in any
Sanctioned Country, except to the extent permitted for a
Person required to comply with Sanctions (including if licensed or otherwise approved by
OFAC;); and (iii) no part of the proceeds of
any Loan, Letter of Credit or Ancillary Facility will be used, directly or, to the knowledge of the Borrowers, indirectly, for any payments to any governmental official or employee, political party, official of a political party, candidate for
political office, or anyone else acting in an official capacity, in order to obtain, retain or direct business or obtain any improper advantage, in violation in any material respect of the United States Foreign Corrupt Practices Act of 1977, as amended or the Corruption of Foreign Public Officials Act (Canada)any Anti-Corruption Law. 

(c) Notwithstanding the foregoing, each of the representations in clauses (a) and (b) of
this Section 3.18 is given by any Subsidiary, or received by any Lender, in each case that is organized in a European Union member state, only if and to the extent that it would not result in a violation of (i) Council
Regulation (EC) No 2271/96, as amended, or any implementing law or regulation in any member state of the European Union or the United Kingdom; or (ii) section 7
of the German Foreign Trade Ordinance (Verordnung zur Durchführung des Außenwirtschaftsgesetzes
(Außenwirtschaftsverordnung –
AWV)) in connection with sections 4 and
19 para (3) no. 1 (a) of the German Foreign Trade Act, or any other comparable anti-boycott law, regulation or statute that isAWG. This shall
apply
mutatis
mutandis to any Subsidiary which is subject to similar antiboycott laws, regulations or statutes that
are in force from time to time in Germany. 
 ARTICLE IV 

Conditions 

Section 4.01 Effective Date. This Agreement shall become effective and the obligations of the Lenders to make Revolving Loans and
any agreement of the Issuing Bank to issue any Letters of Credit hereunder shall become effective on the date on which each of the following conditions is satisfied (or waived in accordance with Section 10.02): 

(a) Execution and Delivery of Loan Documents. The Administrative Agent (or its counsel) shall have received (i) a
counterpart of (x) this Agreement signed by the Parent Borrower, the Dutch Parent Borrower and, to the extent the Rothsay Acquisition Closing Date has occurred, the Canadian Borrower and (y) the U.S. Security Agreement and the Guaranty
Agreement, each signed on behalf of each Loan Party party thereto immediately prior to the Effective Date, or (ii) written evidence reasonably satisfactory to the Administrative Agent (which may include telecopy or email transmission of a
signed signature page of this Agreement) that such party has signed a counterpart of such agreements. 

  
 CREDIT AGREEMENT, Page 136 












 (b) Legal Opinions. The Administrative Agent shall have received a
written opinion (addressed to the Administrative Agent and the Lenders and dated the Effective Date) of counsel (including, without limitation, local counsel) for the Loan Parties covering such matters relating to the Loan Parties and the Loan
Documents as of the Effective Date as are customary for financings of this type. The Parent Borrower hereby requests such counsel to deliver such opinions. 

(c) Corporate Authorization Documents. The Administrative Agent shall have received such documents and certificates as
the Administrative Agent or its counsel may reasonably request relating to the organization, existence and good standing of each Loan Party (other than the Dutch Parent Borrower), the authorization of the Transactions to be consummated in connection
with the execution and delivery hereof and any other legal matters relating to the Loan Parties (other than the Dutch Parent Borrower), the Loan Documents or such Transactions as are customary for financings of this type, all in form and substance
reasonably satisfactory to the Administrative Agent and its counsel. 
 (d) Dutch Parent Borrower. The Administrative
Agent shall have received: 
 (i) a copy of the articles of association (statuten) of the Dutch Parent Borrower, as
well as an extract (uittreksel) from the Dutch Commercial Register (Handelsregister) of the Dutch Parent Borrower. 

(ii) a copy of a resolution of the board of managing directors of the Dutch Parent Borrower: 

(A) approving the terms of, and the transactions contemplated by, the Loan Documents to which it is a party and resolving that
it execute the Loan Documents to which it is a party; 
 (B) if applicable, authorizing a specified person or persons to
execute the Loan Documents to which it is a party on its behalf; and 
 (C) if applicable, authorizing a specified person or
persons, on its behalf, to sign and/or despatch all documents and notices (including, if relevant, any Borrowing Request) to be signed and/or despatched by it under or in connection with the Loan Documents to which it is a party. 

(iii) if applicable, a copy of the resolution of the shareholder(s) of the Dutch Parent Borrower approving the resolutions of
the board of managing directors referred to under clause (ii) above; and 
 (iv) a specimen of the
signature of each member of the board of managing directors of the Dutch Parent Borrower and, if applicable, each person authorized by the resolutions referred to in clause (ii)(B) and/or (ii)(C) above in relation to
the Loan Documents. 

  
 CREDIT AGREEMENT, Page 137 












 (e) Patriot Act. The Administrative Agent shall have received, at
least 5 days prior to the Effective Date, all documentation and other information required by regulatory authorities under applicable “know your customer” and anti-money laundering rules and regulations, including the PATRIOT Act, with
respect to the Loan Parties as of the Effective Date that has been reasonably requested by the Commitment Parties at least 10 days prior to the Effective Date. 

(f) Collateral Security. All actions necessary to establish that the Administrative Agent will have a perfected first
priority security interest in the Collateral (subject to Liens permitted under this Agreement and it being understood that, to the extent any Collateral is not or cannot be provided on the Effective Date (other than the grant and perfection of
security interests (i) that may be perfected solely by the filing of a financing statement under the Uniform Commercial Code or PPSA or (ii) in capital stock owned by the Parent Borrower and its Subsidiaries immediately prior to the
Effective Date with respect to which a Lien may be perfected by the delivery of a stock certificate) after the Parent Borrower’s use of commercially reasonable efforts to do so without undue burden or expense, then the provision of such
Collateral shall not constitute a condition precedent to the Effective Date, but may instead be provided after the Effective Date pursuant to arrangements to be mutually agreed between the Parent Borrower and the Administrative Agent). 

The Administrative Agent shall notify the Parent Borrower and the Lenders of the Effective Date, and such notice shall be
conclusive and binding. 
 Section 4.02 [Reserved]. 

Section 4.03 [Reserved]. 

Section 4.04 Each Credit Event. The obligation of each Lender to make a Loan on the occasion of any Borrowing, and any agreement
of the Issuing Bank to issue, amend, renew or extend any Letter of Credit, is subject to receipt of the request therefor in accordance herewith and to the satisfaction of the following conditions and subject, in the case of any Term A Loan, to
Section 1.10(c): 
 (a) Representations and
Warranties. At the time of and immediately after giving effect to such Borrowing or issuance, amendment, renewal or extension of such Letter of Credit, in each case, the representations and warranties of each Loan Party set forth in the Loan
Documents shall be true and correct in all material respects with the same force and effect as if such representations and warranties had been made on and as of such date except to the extent that such representations and warranties relate
specifically to another date; provided that the representation and warranty contained in Section 3.04(a) shall refer to the most recent financial statements delivered or deemed delivered pursuant to
Section 5.01(a) or Section 5.01(b), as applicable. 
 (b) No
Default. At the time of and immediately after giving effect to such Borrowing or the issuance, amendment, renewal or extension of such Letter of Credit, as applicable, no Default shall have occurred and be continuing. 

  
 CREDIT AGREEMENT, Page 138 












 Each Borrowing and each issuance, amendment, renewal or extension of a Letter of Credit shall be deemed to
constitute a representation and warranty by each Borrower on the date thereof as to the matters specified in paragraphs (a) and (b) of this Section 4.04. 

ARTICLE V 
 Affirmative
Covenants 
 Until the Date of Full Satisfaction, the Parent Borrower (and each other Borrower to the extent applicable) covenants and
agrees with the Lenders that: 
 Section 5.01 Financial Statements and Other Information. The Parent Borrower will furnish to the
Administrative Agent: 
 (a) Annual Audit. Within 90 days after the end of each fiscal year of the Parent Borrower,
its audited consolidated and unaudited consolidating balance sheet and related statements of operations, stockholders’ equity and cash flows as of the end of and for such year, setting forth in each case in comparative form the figures for the
previous fiscal year, all reported on by independent public accountants of recognized national standing (without a “going concern” or like qualification or exception and without any qualification or exception as to the scope of such audit
(except for any such qualification pertaining to the maturity of any Indebtedness occurring within 12 months of the relevant audit or any breach or anticipated breach of any financial covenant) to the effect that such consolidated financial
statements present fairly in all material respects the financial condition and results of operations of the Parent Borrower and its Subsidiaries on a consolidated basis in accordance with GAAP; 

(b) Quarterly Unaudited Financial Statements. Within 55 days after the end of each of the first three fiscal quarters of
each fiscal year of the Parent Borrower, its unaudited consolidated and consolidating balance sheet and related statements of operations, stockholders’ equity and cash flows as of the end of and for such fiscal quarter and the then elapsed
portion of the fiscal year, setting forth in each case in comparative form the figures for the corresponding period or periods of (or, in the case of the balance sheet, as of the end of) the previous fiscal year, all certified by one of its
Financial Officers as presenting fairly in all material respects the financial condition and results of operations of the Parent Borrower and its consolidated Subsidiaries on a consolidated basis in accordance with GAAP, subject to normal year-end audit adjustments and the absence of footnotes; 
 (c) Compliance
Certificate. Concurrently with any delivery of financial statements under clause (a) or (b) above, a certificate in substantially the form of Exhibit D hereto of a Financial Officer of the Parent
Borrower (i) certifying as to whether a Default, which has not previously been disclosed or which has not been cured, has occurred and, if such a Default has occurred, specifying the details thereof and any action taken or proposed to be taken
with respect thereto, (ii) setting forth reasonably detailed calculations demonstrating compliance with Article VII and (iii) other than with respect to the change in GAAP or the application thereof relating to Capital Lease
Obligations described in clause (a) of the second paragraph of Section 1.04, stating whether any change in GAAP or in the application thereof has occurred since the date of the Parent


  
 CREDIT AGREEMENT, Page 139 












 
Borrower’s audited financial statements referred to in Section 3.04 which has not already been disclosed and, if any such change has occurred, specifying the effect
of such change on the financial statements accompanying such certificate; 
 (d) [Reserved]; 

(e) Budget. Within 45 days after the end of each fiscal year of the Parent Borrower,
a detailed consolidated budget for the then current fiscal year (including a projected consolidated balance sheet and related statements of projected operations and cash flow as of the end of and for such fiscal year) and setting forth the material
assumptions used for purposes of preparing such budget;[Reserved]; 
 (f) Public Reports. Promptly after the same become publicly available,
copies of all periodic and other reports, proxy statements and other materials filed by the Parent Borrower or any Restricted Subsidiary with the Securities and Exchange Commission, or any Governmental Authority succeeding to any or all of the
functions of said Commission, or with any national securities exchange, as the case may be; 
 (g) Additional
Information. Promptly following any reasonable request therefor such additional information as the Administrative Agent (for its own account or upon the reasonable request from any Lender) from time to time reasonably requests regarding the
operations, business affairs and financial condition of Parent Borrower or any Restricted Subsidiary as well as any information required by the Patriot Act and the Beneficial Ownership Regulation; provided, however, that the Parent
Borrower and any its Subsidiaries shall not be required to disclose or provide any information (a) that constitutes non-financial trade secrets or non-financial
proprietary information of such Person or any of its Subsidiaries or any of their respective customers and/or suppliers, (b) in respect of which disclosure to the Administrative Agent or any Lender (or any of their respective representatives)
is prohibited by any applicable law, (c) that is subject to attorney-client or similar privilege or constitutes attorney work product or (d) in respect of which the Parent Borrower or any Subsidiary owes confidentiality obligations to any
third party; provided, further, that in the event that the Parent Borrower or any Restricted Subsidiary does not provide information in reliance on the preceding clause (c) or (d) due to privilege
or confidentiality concerns, the Parent Borrower or such Restricted Subsidiary shall provide notice to the Administrative Agent that such information is being withheld and, in the case of clause (d), shall use its
commercially reasonable efforts to communicate the applicable information in a way that would not violate the applicable obligation or risk waiver of such privilege); 

(h) ERISA Notices. Promptly upon reasonable request of the Administrative Agent, the Loan Parties and/or their ERISA
Affiliates shall promptly make a request for any documents described in Section 101(k) and 101(l) of ERISA that any Loan Party or any ERISA Affiliate may request of any Multiemployer Plans or notices from such administrator or sponsor and the
Parent Borrower shall provide copies of such documents and notices to the Administrative Agent promptly after receipt thereof; 

  
 CREDIT AGREEMENT, Page 140 












 The information required to be delivered by clauses (a), (b) and
(f) of this Section 5.01 shall be deemed to have been delivered on the date on which the Parent Borrower posts such information
(x) on its website on the Internet at www.darlingii.com or
(y) when such information is posted on the SEC’s
website on the Internet at www.sec.gov (including within any Form 10-K or Form 10-Q); provided that the Parent Borrower shall give notice of any such posting
pursuant to clause (x) to the Administrative Agent
(who shall then give notice of any such posting to the Lenders);
provided further, that the Parent Borrower shall deliver paper copies of any
such information to the Administrative Agent if the Administrative Agent or any Lender requests the Parent Borrower to deliver such paper copies. 

Section 5.02 Notices of Material Events. The Parent Borrower will furnish to the Administrative Agent prompt written notice of
(and if applicable, in the case of clause (d) below, the items set forth in) the following: 
 (a)
Default. A Responsible Officer of the Parent Borrower obtaining knowledge of the existence of any Default; 
 (b)
Notice of Proceedings. The filing or commencement of any action, suit or proceeding by or before any arbitrator or Governmental Authority against or affecting the Parent Borrower or any Restricted Subsidiary that couldwould reasonably be expected to result in a Material Adverse Effect; 
 (c) ERISA
Event. The occurrence of any ERISA Event that, alone or together with any other ERISA Events that have occurred, couldwould reasonably be expected to result in a Material Adverse Effect; and

 (d) Canadian
Pensions[Reserved]. 

(i) If requested by the Administrative Agent, promptly after such request (i) (x) copies of all actuarial reports and any
other material reports which have been filed with a Governmental Authority with respect to each Canadian Defined Benefit Plan, and (y) any material direction, order, notice, ruling or opinion related to funding, windup or termination of any
Canadian Defined Benefit Plan that any Canadian Loan Party may receive from a Governmental Authority with respect to any Canadian Defined Benefit Plan. 

(ii) Promptly after any Responsible Officer of the Canadian Borrower obtains actual knowledge thereof, (v) a Canadian
Pension Termination Event, (w) the failure in any material respect to make a required contribution to or payment under any Canadian Benefit Plan when due in accordance with its terms and applicable laws, (x) the occurrence of any event
which is reasonably likely to result in any Canadian Loan Party incurring any liability, fine or penalty with respect to any Canadian Benefit Plan that could reasonably be expected to have a Material Adverse Effect, (y) the establishment of any
new plan which, if it currently existed, would be a Canadian Defined Benefit Plan, or any change to an existing Canadian Defined Benefit Plan that could reasonably be expected to have a Material Adverse Effect or (z) the acquisition of an
interest in any Person if such Person sponsors, administers, or participates in, or has any liability in respect of, any Canadian Defined Benefit Plan. 

  
 CREDIT AGREEMENT, Page 141 












 (e) Material Adverse Effect. Any other development that results in,
or
couldwould reasonably be expected to result in, a Material Adverse Effect. 
 Each notice delivered under this
Section shall be accompanied by a statement of a Responsible Officer setting forth the details of the event or development requiring such notice and any action taken or proposed to be taken with respect thereto. 

Section 5.03 Existence; Conduct of Business. The Parent Borrower will, and will cause each of its Restricted Subsidiaries to, do
or cause to be done all things necessary to preserve, renew and keep in full force and effect its legal existence except, solely in the case of a Restricted Subsidiary, where the failure to do so couldwould not reasonably be expected to result in a Material Adverse Effect; provided that the foregoing shall not prohibit any transactions permitted under Section 6.03 or
Section 6.05. The Parent Borrower will, and will cause each of its Restricted Subsidiaries to, do or cause to be done all things necessary to preserve, renew and keep in full force and effect all of its rights, licenses,
permits, privileges or franchises unless the failure to preserve, renew and keep in full force and effect such rights, licenses, permits, privileges or franchises
couldwould
 reasonably be expected to result in a Material Adverse Effect; provided that the foregoing shall not prohibit any transactions permitted under Section 6.03 or
Section 6.05. 
 Section 5.04 Payment of Taxes. The Parent Borrower will, and will cause each
of its Restricted Subsidiaries to, pay its Tax liabilities before the same shall become more than 30 days overdue, or if more than 30 days overdue, except where (a) (i) the validity or amount thereof is being contested in good faith by
appropriate proceedings, (ii) the Parent Borrower or such Restricted Subsidiary has set aside on its books adequate reserves with respect thereto in accordance with GAAP, and (iii) such contest effectively suspends collection of the
contested obligation and the foreclosure of any Lien securing such obligation or (b) the failure to make payment pending such contest couldwould not reasonably be expected to result in a Material Adverse Effect.

 Section 5.05 Maintenance of Properties. The Parent Borrower will, and will cause each of its Restricted Subsidiaries
to, keep and maintain all property in good working order and condition, ordinary wear and tear and casualty and condemnation excepted and except to the extent the failure to do so couldwould not reasonably be expected to result in a Material Adverse Effect or is otherwise expressly permitted by this Agreement. 

Section 5.06 Insurance. The Parent Borrower will, and will cause each of its Restricted Subsidiaries to, maintain, with
financially sound and reputable insurance companies insurance in such amounts (with no greater risk retention) and against such risks as are customarily maintained by companies of established repute engaged in the same or similar businesses
operating in the same or similar locations. The Parent Borrower will furnish to the Lenders, upon reasonable request of the Administrative Agent (but not more frequently than once per fiscal year), information in reasonable detail as to the
insurance so maintained. In the case of insurance policies maintained by any Domestic Loan Party, (a) each general liability insurance policy shall name the Administrative Agent (or its agent or designee) as additional insured and (b) each
insurance policy covering Collateral (except any Foreign Subsidiary Loan Party Collateral other than with respect to
the Canadian Borrower) shall name the Administrative Agent (or its agent or designee) as loss payee and shall provide that such policy will not be canceled or materially changed without 30 days
(or 10 days in the event of a payment default) prior written notice to the Administrative Agent. 

  
 CREDIT AGREEMENT, Page 142 












 Section 5.07 Books and Records; Inspection. The Parent Borrower will, and will
cause each of its Restricted Subsidiaries to, keep proper books of record and account in which full, true and correct entries are made of all dealings and transactions in relation to its business and activities in order to permit the preparation of
its financial statements in accordance with GAAP. The Parent Borrower will, and will cause each of its Restricted Subsidiaries to, permit any representatives designated by the Administrative Agent, upon reasonable prior notice, to visit and inspect
its properties, to examine and make extracts from its books and records, and to discuss its affairs, finances and condition with its officers and independent accountants, all at such reasonable times during normal business hours and as often as
reasonably requested; provided that (a) unless an Event of Default has occurred and is continuing, any such
inspection and examination permitted hereunder shall be limited to the corporate headquarters of the Parent
Borrower, (b) the Parent Borrower shall not be
required to reimburse such expenses unless an Event of Default exists at the time thereof (and the Parent Borrower shall reimburse the Administrative Agent for all such visits, inspections, examinations and discussions conducted when an Event of
Default exists) and
(bc) the Parent Borrower shall have the opportunity to be present at any meeting with its independent accountants. Notwithstanding anything to the contrary in this Section 5.07, the Parent
Borrower and any Restricted Subsidiary will not be required to disclose or permit the inspection or discussion of, any document, information or other matter (1) in respect of which disclosure to the Administrative Agent or any Lender (or their
respective representatives or contractors) is prohibited by law or any binding agreement not entered into in contemplation of avoiding such inspection and disclosure rights, (2) that is subject to attorney client or similar privilege or
constitutes attorney work product, (3) in respect of which the Parent Borrower or any Restricted Subsidiary owes confidentiality obligations to any third party not entered into in contemplation of avoiding such inspection and disclosure or
(4) that constitutes non-financial trade secrets or non-financial proprietary information of the Parent Borrower or any Subsidiary thereof and/or any customers
and/or suppliers of the foregoing; provided that in the event that any the Parent Borrower or any Restricted Subsidiary does not provide any information requested in connection with an examination or a discussion permitted under this
Section 5.07 in reliance on the preceding clause (2) or (3) due to confidentiality or waiver concerns, such Person shall provide notice to the Administrative Agent that such information
is being withheld and, in the case of clause (3), shall use its commercially reasonable efforts to communicate the applicable information in a way that would not violate the applicable obligation or risk waiver of such
privilege. 
 Section 5.08 Compliance with Laws. 

(a)
 The Parent Borrower will, and will cause each of its Restricted Subsidiaries to, comply with all laws, rules, regulations and orders of any Governmental Authority applicable to it or its property
except where the failure to do so, individually or in the aggregate, couldwould not reasonably be expected to result in a Material Adverse Effect.


(b)
 The Parent Borrower will maintain in effect policies and procedures reasonably designed to promote compliance by the Parent Borrower, its Material Subsidiaries and their respective directors, officers, employees and agents with Anti-Corruption Laws
and applicable Sanctions. 
 Section 5.09 [Reserved]. 

  
 CREDIT AGREEMENT, Page 143 












 Section 5.10 Collateral Matters; Guaranty Agreement. 

(a) Further Assurances. Subject to the terms of the Security Documents, the Agreed Security Principles and
Section 5.10(f), the Parent Borrower will, and will cause each Subsidiary Loan Party to, execute any and all further documents, agreements and instruments, and take all such further actions (including, if applicable, the
filing and recording of financing statements), which may be required under any applicable law, or which the Administrative Agent may reasonably request, to effectuate the transactions contemplated by the Loan Documents or, except during any
Collateral Suspension Period, to grant, preserve, protect or perfect the Liens created or intended to be created by the Security Documents or the validity or priority of any such Lien, all at the expense of the Loan Parties. 

(b) Additional Restricted Subsidiaries. Subject to Section 5.10(f) and the Agreed Security
Principles, in furtherance of the foregoing, if any additional Restricted Subsidiary (other than a Receivables Subsidiary) is formed or acquired after the
SixthSeventh
 Amendment Date or becomes a Specified Foreign Subsidiary after the SixthSeventh Amendment Date, or any Unrestricted Subsidiary is designated as
a Restricted Subsidiary after the
SixthSeventh
 Amendment Date, the Parent Borrower will (i) if such Subsidiary is a Domestic Subsidiary that is not an Excluded Subsidiary, such Borrower will cause such Restricted Subsidiary to become a party
to (A) the Guaranty Agreement, pursuant to which such Domestic Subsidiary shall guarantee the Obligations (which include the Foreign Obligations), and (B) except during a Collateral Suspension Period, the U.S. Security Agreement, in each
case, promptly after such Restricted Subsidiary is formed, acquired or designated and, except during a Collateral Suspension Period, promptly take such actions to create and perfect Liens on such Restricted Subsidiary’s assets of the type that
would be subject to the Security Documents (after giving effect to the SixthSeventh Amendment) to secure such Obligations, as the Administrative
Agent shall reasonably request, (ii) if such Restricted Subsidiary is a Specified Canadian Subsidiary or a Specified Foreign Subsidiary, the Parent Borrower will cause such Restricted Subsidiary to become a party to (A) the Guaranty
Agreement, pursuant to which such Foreign Subsidiary shall guarantee the Foreign Obligations and (B) except during a Collateral Suspension Period, the Canadian Security Agreement or other Foreign Security Agreement, to the extent applicable, in
each case, promptly after such Restricted Subsidiary is formed, acquired, designated or becomes a Specified Foreign Subsidiary, and, except during a Collateral Suspension Period, promptly take such actions to create and perfect Liens on such
Restricted Subsidiary’s assets of the type that would be subject to the type of Security Documents (after giving effect to the SixthSeventh Amendment) to secure the Foreign Obligations, as the
Administrative Agent shall reasonably request and (iii) (x) if any Restricted Subsidiary that is a Domestic Subsidiary, a Specified Canadian Subsidiary or a Specified Foreign Subsidiary is formed or acquired after the SixthSeventh Amendment Date by or on behalf of any Loan Party (or, in the case of a Specified Foreign Subsidiary, is designated or otherwise becomes a Specified Foreign Subsidiary after the SixthSeventh Amendment Date) or (y) any Unrestricted Subsidiary (other than a Receivables Subsidiary and Darling Green Energy LLC) that is a Domestic Subsidiary or a Specified Canadian Subsidiary or a Specified Foreign
Subsidiary owned directly by a Loan Party, is designated as a Restricted Subsidiary after the SixthSeventh Amendment Date, except during a Collateral Suspension Period,
the Parent Borrower will cause the Equity Interests of each such Restricted Subsidiary to be pledged pursuant to the U.S. Security Agreement, Canadian Security Agreement or other Foreign Security Agreement, as applicable, promptly after such
Restricted Subsidiary is formed, acquired or designated or, in the case of a Specified Foreign Subsidiary, promptly after it becomes a Specified 

  
 CREDIT AGREEMENT, Page 144 












 
Foreign Subsidiary (except that if such Restricted Subsidiary is a Foreign Subsidiary or a Disregarded Domestic Person that in each case is not a Specified Foreign Subsidiary or a Specified
Canadian Subsidiary, the Equity Interest in such Restricted Subsidiary shall not be required to be pledged). Notwithstanding anything to the contrary herein and in any other Loan Document but subject to the Agreed Security Principles, any Foreign
Subsidiary Loan Party prior to the
SixthSeventh
 Amendment Date that no longer satisfies the definition of a Specified Canadian Subsidiary or a Specified Foreign Subsidiary on the SixthSeventh Amendment Date shall, on and as of the SixthSeventh Amendment Date, be released from its obligations as a guarantor
under the Loan Documents, any Liens granted by such entity pursuant to any Security Documents shall be released and the Lenders hereby authorize the Administrative Agent to take any actions and execute any documents in accordance with
Section 9.10 as it reasonably determines are advisable to evidence or effect the guarantee and security releases contemplated by this sentence (such modified structure, the “Foreign Collateral Reallocation”). 

(c) Excessive Cost. Notwithstanding the provisions of clauses (a) and (b) of this
Section 5.10 or the terms of the U.S. Security Agreement, the Canadian Security Agreement or a Foreign Security Agreement, (i) the Administrative Agent (or its designee) shall not take a Lien (or perfect a Lien) in an
asset of a Loan Party if (A) the Administrative Agent and the Parent Borrower reasonably determine that the burden, difficulty, consequence or cost of granting or perfecting a Lien on such asset (including any stamp, intangibles or other tax)
is disproportionate to the benefit to the Lenders afforded by such Lien on such asset, (B) the granting of a security interest in such asset would be prohibited, in the case of a contract, by enforceable anti-assignment provisions in such
contract or by applicable law or with respect to any other assets to the extent such a pledge would violate the terms of any contract governing the purchase, financing or ownership of such assets or would trigger termination pursuant to any
“change of control” or similar provision under such contract (in each case, after giving effect to the relevant provisions of the Uniform Commercial Code, PPSA or similar law in any jurisdiction, as applicable, in effect in the applicable
jurisdiction and other relevant legislation), (C) a security or pledge agreement would be required to be governed by the laws of a jurisdiction other than the one in which such Loan Party is then organized or (D) a Collateral Suspension Period
occurs and is continuing, (ii) Liens on the following assets shall not be required to be perfected: (A) cash and cash equivalents, deposit and securities accounts (including securities entitlements and related assets), in each case to the
extent a security interest therein cannot be perfected by the filing of a financing or registration statement under the Uniform Commercial Code, PPSA or similar law in any jurisdiction, as applicable; (B) other assets requiring perfection
through control agreements; and (C) commercial tort claims less than $50,000,000 and (iii) (A) no Liens on any fee owned or leased real property, vehicles, aircraft, watercraft, similar vehicles or any other assets subject to certificates
of title of the Parent Borrower or any of its Subsidiaries shall be required (and for greater certainty, no Borrower shall be required to make serial number registrations (or like registrations) against any serial number goods (or like concept) and
(B) the Loan Parties shall not be required to seek any landlord waiver, estoppel, warehouseman waiver or other collateral access or similar letter or agreement. 

  
 CREDIT AGREEMENT, Page 145 












 (d) Designation of Immaterial Subsidiaries as Subsidiary Loan
Parties. The Parent Borrower shall cause one or more of its Immaterial Subsidiaries that are not otherwise Excluded Subsidiaries to become a Subsidiary Loan Party (including by causing any such Immaterial Subsidiary to execute any applicable
supplement or joinder to any applicable Security Document and to grant a security interest in any of its Collateral required to be so granted thereunder) to the extent necessary to reduce the EBITDA of the Immaterial Subsidiaries, individually or
collectively, for the 4 fiscal quarter period ended most recently prior to such date to be not greater than 15% of the Adjusted EBITDA of the Parent Borrower and its Subsidiaries taken as a whole. Upon becoming a Subsidiary Loan Party, such
Immaterial Subsidiary shall cease to be designated an Immaterial Subsidiary. 
 (e) Timing of Actions and
Deliverables. Notwithstanding anything to the contrary herein, all actions (including notices) and deliverables required under this Section 5.10 shall be deemed taken or delivered promptly if such actions or
deliverables are taken or delivered upon the later of (i) the next delivery date of the financials contemplated by Section 5.01(a) and 5.01(b) and (ii) the date expressly requested by the Administrative
Agent acting in its reasonable discretion. 
 (f) Post-Closing Items. [Reserved]. 

(g) Specified Foreign Subsidiaries. The Parent Borrower shall give the Administrative Agent prompt written notice of the
consummation of any Disposition described in clause (b) of the definition of “Specified Foreign Subsidiary”. 

Section 5.11 Collateral Suspension Period. 

(a) Notwithstanding anything to the contrary contained in this Agreement or any Loan Document, if a Collateral Suspension Date
occurs then upon delivery to the Administrative Agent of the officer’s certificate set forth in clause (iv) of the definition of “Collateral Suspension Date,” all of the Liens granted pursuant to the Loan
Documents on the Collateral, shall be automatically released and terminated at such time. In connection with the foregoing, the Administrative Agent shall, within a reasonable period of time following delivery of such officer’s certificate, and
at the Parent Borrower’s sole cost and expense, (x) assign, transfer and deliver to the applicable Loan Parties, without recourse to or warranty by the Administrative Agent, such of the Collateral or any part thereof to be released as may
be in possession of the Administrative Agent and as shall not have been sold or otherwise applied pursuant to the terms hereof and (y) with respect to any other Collateral, deliver such documents and instruments (including UCC-3 and PPSA termination statements or releases) and take such other actions, as the Parent Borrower shall reasonably request to evidence such termination and release. 

(b) Notwithstanding clause (a) above, if after any Collateral Suspension Date either (x) a
Corporate Rating is downgraded by a Rating Agency such that there are not at least two Corporate Ratings that are an Investment Grade Rating or (y) upon the Parent Borrower no longer having Corporate Ratings from at least two Rating Agencies
(the occurrence of the events in clause (x) or (y), a “Collateral Reinstatement Event”), unless waived by the Required Lenders, the Collateral Suspension Period with respect to such Collateral
Suspension Date shall automatically terminate and all Collateral and Loan Documents relating thereto, and all Liens granted or purported to be granted thereon, released pursuant to clause (a) above shall be required to
be reinstated as of the applicable Collateral Reinstatement Date (as defined below) on the same terms that existed immediately prior to such Collateral Suspension Date and the Loan Parties shall take


  
 CREDIT AGREEMENT, Page 146 












 
all actions and deliver all documents (collectively, the “New Security Documents”) reasonably requested by the Administrative Agent as necessary to create and perfect the Liens
of the Administrative Agent in such Collateral, substantially consistent with all such actions taken with respect to the Collateral prior to the Collateral Suspension Date (and for the avoidance of doubt, after giving effect to the releases required
pursuant to the
SixthSeventh
 Amendment), in form and substance reasonably satisfactory to the Administrative Agent, within 90 days of such Collateral Reinstatement Event (or such longer period as the Administrative Agent may agree in
its sole reasonable discretion) (the first date on which a new security agreement is required to be delivered pursuant to the foregoing, the “Collateral Reinstatement Date”). The Administrative Agent is hereby authorized to enter
into any New Security Documents in connection with any Collateral Reinstatement Event. 
 Section 5.12 Maintenance of
Ratings. At any time when a “term B loan” is outstanding under this Agreement, the Parent Borrower will use commercially reasonable efforts to cause to be maintained at all times (a)(i) a corporate family rating, in the case of
Moody’s or (ii) an issuer credit rating, in the case of S&P, for the Parent Borrower and (b) credit ratings for the Credit Facilities from Moody’s and S&P. 

Section 5.13 Canadian Benefit Plans. Each Canadian Loan Party shall, with respect to each Canadian Defined Benefit Plan:
(a) in a timely fashion perform in all material respects all obligations (including funding, investment
and administration obligations) required to be performed in connection with such Canadian Defined Benefit Plan; and (b) pay all material contributions, premiums and payments when due in accordance in all material respects with its terms and all applicable laws, except in each case, where
failure to so pay or perform would not reasonably be expected to have a Material Adverse Effect. 

Section 
5.14 CoBank Equity and Security. 
 (a) So long as CoBank (or its affiliate) is a Lender hereunder, Parent Borrower shall (i) maintain its status as an
entity eligible to borrow from CoBank (or its affiliate) and (ii) acquire equity in CoBank in such amounts and at such times as CoBank may require in accordance with CoBank’s Bylaws and Capital Plan (as each may be amended from time to
time), except that the maximum amount of equity that Parent Borrower may be required to purchase in CoBank in connection with the Loans made by CoBank (or its affiliate) may not exceed the maximum amount permitted by the Bylaws and Capital Plan at
the time this Agreement is entered into. Parent Borrower acknowledges receipt of a copy of (x) CoBank’s most recent annual report, and if more recent, CoBank’s latest quarterly report, (y) CoBank’s Notice to Prospective
Stockholders and (z) CoBank’s Bylaws and Capital Plan, which describe the nature of all of the CoBank Equities as well as capitalization requirements, and agrees to be bound by the terms thereof. 

(b)
 Each party hereto acknowledges that CoBank’s Bylaws and Capital Plan (as each may be amended from time to time) shall govern (i) the rights and obligations of the parties with respect to the CoBank Equities and any patronage refunds or
other distributions made on account thereof or on account of Parent Borrower’s patronage with CoBank, (ii) Parent Borrower’s eligibility for patronage distributions from CoBank (in the form of CoBank Equities and cash) and
(iii) patronage distributions, if any, in the event of a sale of a participation interest. CoBank reserves the right to assign or sell participations in all or any part of its (or its affiliate’s) Commitments or outstanding Loans hereunder
on a non-patronage basis. 

  
 CREDIT AGREEMENT, Page 147 













(c)
 Notwithstanding anything herein or in any other Loan
Document, each party hereto acknowledges that: (i) CoBank has a statutory first Lien pursuant to the Farm Credit Act of 1971 (as amended from time to time) on all CoBank Equities that the Parent Borrower may now own or hereafter acquire, which
statutory Lien shall be for CoBank’s (or its affiliate’s) sole and exclusive benefit; (ii) during the existence of any Event of Default, CoBank may at its sole discretion, but shall not be required to, foreclose on its statutory first
Lien on the CoBank Equities and/or set off the value thereof or of any cash patronage against the Obligations; (iii) during the existence of any Event of Default, CoBank may at its sole discretion, but shall not be required to, without notice
except as required by applicable law retire and cancel all or part of the CoBank Equities owned by or allocated to the Parent Borrower in accordance with the Farm Credit Act of 1971 (as amended from time to time) and any regulations promulgated
pursuant thereto in total or partial liquidation of the Obligations for such value as may be required pursuant applicable law and CoBank’s Bylaws and Capital Plan (as each may be amended from time to time); (iv) the CoBank Equities shall not
constitute security for the Obligations due to the Administrative Agent, any other Lender or any other Secured Party; (v) to the extent that any of the Loan Documents create a Lien on the CoBank Equities, such Lien shall be for CoBank’s
(or its affiliate’s) sole and exclusive benefit and shall not be subject to pro rata sharing hereunder; (vi) any setoff effectuated pursuant to the preceding clauses (ii) or (iii) may be undertaken whether or not the Obligations
are currently due and payable; and (vii) CoBank shall have no obligation to retire the CoBank Equities upon any Event of Default, Default or any other default by Parent Borrower or any other Loan Party, or at any other time, either for
application to the Obligations or otherwise. Parent Borrower acknowledges that any corresponding tax liability associated with CoBank’s application of the value of the CoBank Equities to any portion of the Obligations is the sole responsibility
of Parent Borrower. 
 ARTICLE VI 

Negative Covenants 
 Until
the Date of Full Satisfaction, each Borrower covenants and agrees with the Lenders that: 
 Section 6.01 Indebtedness. Such
Borrower will not, and will not permit any of its Restricted Subsidiaries to, create, incur, assume or permit to exist any Indebtedness, except: 

(a) (i) Indebtedness created under the Loan Documents (including with respect to Specified Refinancing Debt), (ii) Indebtedness
of the Loan Parties evidenced by Refinancing Notes and any Permitted Refinancing Indebtedness in respect thereof and (iii) Indebtedness of the Loan Parties evidenced by Refinancing Junior Loans and any Permitted Refinancing Indebtedness in
respect thereof; 
 (b) Indebtedness in respect of (i) the Existing 2026 Senior Notes (including, for the avoidance of
doubt, Permitted Refinancing Indebtedness in respect thereof as included in the definition of “Existing 2026 Senior Notes”) and (ii) the Existing 2027 Senior Notes (including, for the avoidance of doubt, Permitted Refinancing
Indebtedness in respect thereof as included in the definition of “Existing 2027 Senior Notes”); 

  
 CREDIT AGREEMENT, Page 148 












 (c) Indebtedness existing on the SixthSeventh Amendment Date and set forth in Schedule 6.01 and amendments, modifications, extensions, renewals and replacements of any such Indebtedness that do not increase the outstanding principal amount thereof
except as otherwise permitted by this Section 6.01; 
 (d) Indebtedness among the Parent
Borrower and its Subsidiaries (including between or among Subsidiaries); provided that any Indebtedness owing to the Parent Borrower or any Restricted Subsidiary by any Unrestricted Subsidiary shall be subject to compliance with
Section 6.04; 
 (e) Guarantees by the Parent Borrower of Indebtedness of any Subsidiary and by any
Restricted Subsidiary of Indebtedness of the Parent Borrower or any other Subsidiary; provided that (i) Guarantees by the Parent Borrower or any Restricted Subsidiary of Indebtedness of any Unrestricted Subsidiary shall be subject to
compliance with Section 6.04, (ii) Guarantees permitted under this clause (e) shall be subordinated to the Obligations of the applicable Restricted Subsidiary to the same extent and on terms not
materially less favorable to the Lenders as the Indebtedness so Guaranteed is subordinated to the Obligations and (iii) no Existing 2026 Senior Notes, Existing 2027 Senior Notes, Refinancing Notes or any Refinancing Junior Loans shall be
Guaranteed by any Restricted Subsidiary unless such Restricted Subsidiary is a Loan Party (or becomes a Loan Party substantially simultaneously therewith) that has Guaranteed the applicable Obligations or Foreign Obligations pursuant to a Guaranty
Agreement; 
 (f) (i) Indebtedness of the Parent Borrower or any Restricted Subsidiary incurred to finance the acquisition,
construction, repair or improvement of any assets (including rolling stock), including Capital Lease Obligations, mortgage financings, purchase money indebtedness (including any industrial revenue bonds, industrial development bonds and similar
financings), (ii) Indebtedness of the Parent Borrower or any Restricted Subsidiary assumed in connection with the acquisition of any assets or secured by a Lien on any assets prior to the acquisition thereof, and (iii) any amendments,
modifications, extensions, renewals and replacements of any such Indebtedness permitted by this clause (f) that do not increase the outstanding principal amount thereof except as otherwise permitted by this
Section 6.01; provided that (A) in the case of clause (f)(i), such Indebtedness is incurred prior to or within 270 days after such acquisition or the completion of such acquisition,
construction, repair or improvement and (B) in the case of clauses (f)(i) and (f)(ii), on a Pro Forma Basis after giving effect to the incurrence of any such Indebtedness, the Parent Borrower is in compliance
with the Financial Covenants and the Parent Borrower’s Secured Leverage Ratio does not exceed 4.00 to 1.00. 
 (g)
Indebtedness arising in connection with Swap Agreements entered into in the ordinary course of business and not for speculative purposes; provided that Guarantees by any Loan Party of such Indebtedness of any ExcludedUnrestricted
 Subsidiary shall be subject to compliance with Section 6.04; 

(h) (i) Indebtedness of any Person that becomes a Restricted Subsidiary after the date hereof and (ii) amendments,
modifications, extensions, renewals and replacements thereof which do not increase the principal amount thereof except as otherwise permitted by this Section 6.01; provided that in the case of
clause (h)(i) (A) such Indebtedness exists at the time such Person 

  
 CREDIT AGREEMENT, Page 149 












 
becomes a Restricted Subsidiary and is not created in contemplation of or in connection with such Person becoming a Restricted Subsidiary, and (B) on a Pro Forma Basis after giving effect to
the incurrence of any such Indebtedness, the Total Leverage Ratio does not exceed 5.50 to 1.00 and the Secured Leverage Ratio does not exceed 4.00 to 1.00; 

(i) obligations in respect of workers compensation claims, health, disability or other employee benefits, unemployment
insurance and other social security laws or regulations or property, casualty or liability insurance and premiums related thereto, self-insurance obligations, customs, surety, stay, appeal and performance bonds, and performance and completion
guarantees and similar obligations incurred by the Parent Borrower or any Restricted Subsidiary, in each case in the ordinary course of business; 

(j) to the extent constituting Indebtedness, contingent obligations arising under indemnity agreements to title insurance
companies to cause such title insurers to issue title insurance policies in the ordinary course of business with respect to the real property of the Parent Borrower or any Restricted Subsidiary; 

(k) to the extent constituting Indebtedness, customary indemnification and purchase price adjustments or similar obligations
(including earn-outs) incurred or assumed in connection with Investments and Dispositions otherwise permitted hereunder; 

(l) to the extent constituting Indebtedness, unfunded pension fund and other employee benefit plan obligations and liabilities
to the extent they are permitted to remain unfunded under applicable law; 
 (m) to the extent constituting Indebtedness,
deferred compensation payable to directors, officers, employees, members of management or consultants of the Parent Borrower and the Restricted Subsidiaries; 

(n) Indebtedness in respect of repurchase agreements constituting Permitted Investments; 

(o) Indebtedness consisting of promissory notes issued by the Parent Borrower or any Restricted Subsidiary to future, present
or former directors, officers, members of management, employees or consultants of the Parent Borrower or any of its Subsidiaries or their respective estates, heirs, family members, spouses or former spouses to finance the purchase or redemption of
Equity Interests of the Parent Borrower permitted by Section 6.08; 
 (p) cash management
obligations and Indebtedness incurred by the Parent Borrower or any Restricted Subsidiary in respect of netting services, overdraft protections, commercial credit cards, stored value cards, purchasing cards and treasury management services,
automated clearing-house arrangements, employee credit card programs, controlled disbursement, ACH transactions, return items, interstate deposit network services, incentive, supplier finance or similar programs, Society for Worldwide Interbank
Financial Telecommunication transfers, cash pooling and operational foreign exchange management and similar arrangements, in each case entered into in the ordinary course of business in connection with cash management, including among the Parent
Borrower and its Subsidiaries, and deposit accounts; 

  
 CREDIT AGREEMENT, Page 150 












 (q) (i) Indebtedness consisting of the financing of insurance premiums and (ii) take-or-pay obligations constituting Indebtedness of the Parent Borrower or any Restricted Subsidiary, in each case, entered into in the ordinary course of business;

 (r) Indebtedness incurred by the Parent Borrower or any Restricted Subsidiary constituting reimbursement obligations with
respect to letters of credit (other than Letters of Credit issued pursuant to this Agreement), bank guarantees or similar instruments entered into in the ordinary course of business and the obligations arising under drafts accepted and delivered in
connection with a drawing thereunder; provided that (i) upon the drawing of any such letters of credit or the incurrence of such Indebtedness, such obligations are reimbursed within 30 days following such drawing or incurrence and
(ii) the aggregate outstanding face amount of all such letters of credit, bank guarantees or similar instruments entered into in the ordinary course of business does not exceed the greater of $50,000,00060,000,000
 and 1.0% of Consolidated Total Assets at any time; 
 (s)
obligations, contingent or otherwise, for the payment of money under any noncompete, consulting or similar agreement entered into with the seller of a Target or any other similar arrangements providing for the deferred payment of the purchase price
for an acquisition permitted hereby; 
 (t) Indebtedness of the type described in clause (e) of the
definition thereof to the extent the related Lien is permitted under Section 6.02; 
 (u)
Indebtedness consisting of or relating to Receivables Facilities; 
 (v) other Indebtedness of the Parent Borrower and its
Restricted Subsidiaries; provided that the aggregate principal amount of Indebtedness permitted by this clause (v) shall not exceed the greater of $325,000,000360,000,000
 and 6.0% of Consolidated Total Assets at any time outstanding; 
 (w)
Indebtedness in the form of (i) Guarantees of Indebtedness of the Renewable Diesel Joint Ventures; provided that on a Pro Forma Basis after giving effect to the incurrence of such Guarantee, the Parent Borrower would have been in
compliance with the covenant set forth in Section 7.02 as of the last day of the immediately preceding fiscal quarter and (ii) Guarantees of any obligation to make an Investment in the Renewable Diesel Joint Ventures
permitted to be made in accordance with Section 6.04; 
 (x) (i) additional Indebtedness to the
extent that on a Pro Forma Basis after giving effect to the incurrence of such Indebtedness, the Parent Borrower is in compliance with the covenant set forth in Section 7.02 and (ii) Permitted Refinancing Indebtedness
with respect to Indebtedness referred to in clause (i). 

  
 CREDIT AGREEMENT, Page 151 












 (y) Indebtedness of Restricted Subsidiaries that are not Loan Parties in an
aggregate amount outstanding not to exceed the greater of
$325,000,000360,000,000
 and 6.0% of Consolidated Total Assets in the aggregate provided such Indebtedness is either (i) unsecured (but which may be guaranteed by the Parent Borrower pursuant to
Section 6.01(e))) or (ii) secured by only the Equity Interests in or
assets of any Restricted Subsidiary that is not a Subsidiary Loan Party; 
 (z) intercompany Indebtedness among the
Parent Borrower and its Subsidiaries described in the PWC Steps Memo (or implied thereunder as necessary to implement the transactions described
therein); 

(aa) any liability of the Group arising under a declaration of joint and several liability (hoofdelijke
aansprakelijkheid) as referred to in Article 2:403 of the Dutch Civil Code, issued prior to the date of this Agreement or any joint and several liability (hoofdelijke aansprakelijkheid) under any fiscal unity (fiscale eenheid) for
Dutch corporate income purposes provided that all members of the fiscal unity are members of the Group; 
 (bb)
(i) notes or loans (or commitments in respect thereof) that are unsecured, or secured by Liens on the Collateral ranking junior to or pari passu with the Liens securing the Credit Facilities outstanding on the SixthSeventh Amendment Date pursuant to an intercreditor agreement in form reasonably satisfactory to the Administrative Agent (any such Indebtedness, “Incremental Equivalent Debt”); provided that
(A) the aggregate outstanding principal amount of all Incremental Equivalent Debt shall not exceed the amount permitted to be incurred under the Incremental Amount, (B) the incurrence of such Indebtedness shall be subject to
clauses (i), (ii), (iv), (viii), (ix), and solely in the case of loans (or commitments in respect thereof) which rank pari passu in right of payment and with respect to security with the
Term B Loans outstanding on the
SixthSeventh
 Amendment Date, clause (vi) of Section 2.20(d) as if such Incremental Equivalent Debt constituted Incremental Term Loans, (C) solely with
respect to Indebtedness in the form of loans which rank pari passu in right of payment, and secured by Liens on the Collateral ranking pari passu with the Liens securing, the Term B Loans outstanding on the SixthSeventh Amendment Date, all other terms with respect to such loans which are materially more restrictive (taken as a whole) than those with respect to the Loans under the existing applicable Class of Credit Facility
shall be (x) permitted by clauses (A) and (B) of the preceding sentence, (y) applicable only after the Latest Maturity Date of the relevant Credit Facility outstanding on the SixthSeventh Amendment Date (which may be achieved by an amendment solely among the Parent Borrower and the Administrative Agent (and the Required Lenders hereby authorize the Administrative Agent to enter into such
amendment)), or (z) otherwise reasonably satisfactory to the Administrative Agent; provided that documentation governing any such loans may include such materially more restrictive terms so long as the Administrative Agent shall have
been given prompt written notice thereof and this Agreement is amended to include such term for the benefit of each Credit Facility of the same Class (which may be achieved by an amendment solely among the Parent Borrower and the Administrative
Agent (and the Required Lenders hereby authorize the Administrative Agent to enter into such amendment)) and (ii) Permitted Refinancing Indebtedness with
respect to the Indebtedness referred to in clause
(bb)(i) above and (D) for the avoidance of doubt, if such Indebtedness is secured by Liens on the Collateral ranking junior to the Liens securing the Credit Facilities outstanding on the SixthSeventh Amendment Date or is 

  
 CREDIT AGREEMENT, Page 152 












 
unsecured, shall be on market terms at the time of issuance or incurrence thereof, as determined in good faith by the Parent Borrower and
(ii) Permitted Refinancing Indebtedness with respect to the Indebtedness referred to in
clause (bb)(i) above; 
 (cc) Indebtedness in respect of any
letter of credit or bank guarantee issued in favor of any Issuing Bank to support any Defaulting Lender’s participation in Letters of Credit issued; 

(dd) Indebtedness of the Parent Borrower or any Restricted Subsidiary to the extent that 100% of such Indebtedness is supported
by any Letter of Credit or a letter of credit issued pursuant to an Ancillary Facility; 
 (ee) customer deposits and advance
payments received in the ordinary course of business from customers for goods and services purchased in the ordinary course of business; 

(ff) Indebtedness of the Parent Borrower or any Restricted Subsidiary under any Ancillary Facility; and 

(gg) all premiums (if any), interest (including post-petition interest), fees, prepayment premium and make whole amounts,
expenses, charges and additional or contingent interest on obligations described in clauses (a) through (ff) above. 

Section 6.02 Liens. Such Borrower will not, and will not permit any of its Restricted Subsidiaries to, create, incur, assume or
permit to exist any Lien on any asset now owned or hereafter acquired by it, except: 
 (a) Liens created under the Loan
Documents and the Ancillary Facility Documents; 
 (b) Liens imposed by law for taxes, assessments and governmental charges
(i) that are not overdue by more than 30 days or, if more than 30 days overdue, are being contested in a manner consistent with Section 5.04 or (ii) with respect to which the failure to make payment couldwould not reasonably be expected to have a Material Adverse Effect; 
 (c)
carriers’, warehousemen’s, mechanics’, materialmen’s, repairmen’s, landlord’s and other like Liens imposed by law, arising in the ordinary course of business and securing obligations (i) that are not overdue by
more than 30 days or, if more than 30 days overdue, are being contested in a manner consistent with Section 5.04 or (ii) with respect to which the failure to make payment couldwould not reasonably be expected to have a Material Adverse Effect; 
 (d) pledges and
deposits made in the ordinary course of business (i) in compliance with workers’ compensation, health, disability or other employee benefits, unemployment insurance and other social security laws or regulations, property, casualty or
liability insurance or premiums related thereto or self-insurance obligations or (ii) to secure letters of credit, bank guarantees or similar instruments posted to support payment of items set forth in the foregoing
clause (d)(i); provided that such letters of credit and bank guarantees are issued in compliance with Section 6.01; 

  
 CREDIT AGREEMENT, Page 153 












 (e) Liens securing the performance of, or granted in lieu of, contracts with
trade creditors, contracts (other than in respect of debt for borrowed money), leases, bids, statutory obligations, customs, surety, stay, appeal and performance bonds, performance and completion guarantees and other similar obligations of a like
nature, in each case entered into in the ordinary course of business and deposits securing letters of credit, bank guarantees or similar instruments posted to support payment of the items set forth in this clause (e);
provided that (i) such letters of credit (other than the Letters of Credit), bank guarantees or similar instruments are issued in compliance with Section 6.01 and (ii) the Liens permitted by this
clause (e) shall at no time encumber any assets other than (A) the amount of cash or marketable investments required to be pledged thereunder and (B) with respect to customs and surety bonds, performance bonds,
and performance and completion guarantees or similar obligations, the specific assets in respect to which such bonds or guarantees are issued and which are customarily encumbered under similar bond and guarantee transactions; 

(f) Liens in respect of judgments, awards, attachments and/or decrees and notices of lis pendens and associated rights
relating to litigation being contested that do not constitute an Event of Default under clause (j) of Section 8.01; 

(g) easements, zoning restrictions,
rights-of-way and similar encumbrances on real property imposed by law or arising in the ordinary course of business that do not secure any monetary obligations and
other minor irregularities in title (including leasehold title), in each case, that do not materially and adversely interfere with the ordinary conduct of business of the Parent Borrower or any Subsidiary; 

(h) Liens arising from filing UCC or PPSA (or similar law of any jurisdiction) financing statements regarding leases and
consignment or bailee arrangements permitted or not prohibited by any of the Loan Documents and Liens securing liabilities in respect of indemnification obligations thereunder as long as each such Lien only encumbers the assets that are the subject
of the related lease (or contained in such leasehold) or consignment or bailee; 
 (i) any interest or title of a lessor,
sublessor, licensee, sublicense, licensor or sublicensor under any lease or license agreement permitted or not prohibited by any of the Loan Documents and any leases, subleases, licenses or sublicenses granted in the ordinary course of business not
interfering in any material respect with the business of the Parent Borrower or any Restricted Subsidiary; 
 (j) the rights
reserved to or vested in any Person by the terms of any lease, license, franchise, grant or permit held by the Parent Borrower or any of its Restricted Subsidiaries or by a statutory provision to terminate any such lease, license, franchise, grant
or permit or to require periodic payments as a condition to the continuance thereof; 
 (k) Liens granted in the ordinary
course of business to secure: (i) liabilities for premiums or reimbursement obligations to insurance carriers, (ii) liabilities in respect of indemnification obligations under leases or other Contractual Obligations, and (iii) letters
of credit, bank guarantees or similar instruments posted to support payment of items set forth in this clause (k); provided that (x) such letters of credit, bank guarantees or similar instruments are


  
 CREDIT AGREEMENT, Page 154 












 
issued in compliance with Section 6.01, (y) the Liens permitted by clause (k)(iii) shall at no time encumber any assets other than the amount
of cash or marketable investments required to be pledged thereunder and (z) the Liens permitted by clause (k)(i) shall at no time encumber assets other than the unearned portion of any insurance premiums, the insurance
policies and the proceeds thereof; 
 (l) Liens (i) of a collection bank arising under Section 4–210 of the
Uniform Commercial Code on items in the course of collection, (ii) in favor of a banking institution arising as a matter of law encumbering deposits (including the right of set–off), (iii) arising in connection with pooled deposit or sweep
accounts, cash netting, deposit accounts or similar arrangements of the Parent Borrower or any Restricted Subsidiary and consisting of the right to apply the funds held therein to satisfy overdraft or similar obligations incurred in the ordinary
course of business of such Person, (iv) encumbering reasonable customary initial deposits and margin deposits and (v) granted in the ordinary course of business by the Parent Borrower or any Restricted Subsidiary to any bank with whom it
maintains accounts to the extent required by the relevant bank’s (or custodian’s or trustee’s, as applicable) standard terms and conditions (including, without limitation, any Lien arising by entering into standard banking
arrangements (AGB-Banken order AGB-Sparkassen) in Germany), in each case, which are within the general parameters customary in the banking industry; 

(m) Liens in favor of a commodity, brokerage or security intermediary who holds a commodity, brokerage or, as applicable, a
security account on behalf of the Parent Borrower or a Restricted Subsidiary provided such Lien encumbers only the related account and the property held therein; 

(n) any Lien on any asset of the Parent Borrower or any Restricted Subsidiary existing on the SixthSeventh Amendment Date and set forth in Schedule 6.02; provided that (i) such Lien shall not apply to any other property or asset of the Parent Borrower or any Restricted Subsidiary (other than the
proceeds and products thereof and accessions thereto, except that individual financings provided by a Person or its Affiliates may be cross collateralized to other financings provided by such Person or its Affiliates) and (ii) such Lien shall
secure only those obligations which it secures on the
SixthSeventh
 Amendment Date and obligations not otherwise prohibited under the Loan Documents and amendments, modifications, extensions, renewals and replacements thereof (which, if such obligations constitute
Indebtedness, are permitted by Section 6.01); 
 (o) any Lien existing on any equipment
(including rolling stock), fixtures or real property or any assets subject to the Indebtedness permitted under clause (f)(ii) of Section 6.01, in each case, prior to the acquisition thereof by the
Parent Borrower or any Restricted Subsidiary or existing on any such property or assets of any Person that becomes a Restricted Subsidiary after the date hereof prior to the time such Person becomes a Restricted Subsidiary; provided that
(i) such Lien is not created in contemplation of or in connection with such acquisition or such Person becoming a Restricted Subsidiary, as the case may be, (ii) such Lien shall not apply to any other assets of the Parent Borrower or any
Restricted Subsidiary (other than the proceeds or products thereof and after-acquired property subjected to a Lien pursuant to the terms existing at the time of such acquisition (it being understood that such requirement shall not be permitted to
apply to 

  
 CREDIT AGREEMENT, Page 155 












 
any property to which such requirement would not have applied but for such acquisition)); and (iii) such Lien shall secure only those obligations which it secures on the date of such
acquisition or the date such Person becomes a Subsidiary, as the case may be and any amendments, modifications, extensions, renewals or replacements thereof and if such obligations (or as applicable, any amendments, modifications, extensions,
renewals or replacements thereof) are Indebtedness, such Indebtedness is otherwise permitted by Section 6.01 (it being understood for purposes of this clause (o) that individual financings provided
by a Person or its Affiliates may be cross collateralized to other financings provided by such Person or its Affiliates); 

(p) (i) Liens on specific assets (including rolling stock) acquired, constructed, repaired or improved by the Parent Borrower
or any Restricted Subsidiary (including the interests of vendors and lessors under conditional sale, title retention agreements and extended title retention (verlangenter Eigentumsvorbehalt)); provided that (A) such security
interests secure Indebtedness permitted by clause (f), clause (h)(i) or clause (v) of Section 6.01, (B) in the case of Indebtedness incurred
under Section 6.01(f)(i) such security interests and the Indebtedness secured thereby are incurred prior to or within 270 days after such acquisition or the completion of such construction, repair or improvement and
(C) such security interests shall not apply to any other assets of the Parent Borrower or any Restricted Subsidiary, and (ii) any amendments, modifications, extensions, renewals or replacements thereof and if such obligations (or as
applicable, any amendments, modifications, extensions, renewals or replacements thereof) are Indebtedness, such Indebtedness is otherwise permitted by Section 6.01 (it being understood for purposes of this
clause (p) that individual financings provided by a Person or its Affiliates may be cross collateralized to other financings provided by such Person or its Affiliates); 

(q) Liens in favor of customs and revenue authorities arising as a matter of law in the ordinary course of business to secure
payment of customs duties that (a) are not overdue by more than 30 days or, if more than 30 days overdue, are being contested in a manner consistent with Section 5.04 or (b) with respect to which the failure to
make payment
couldwould not reasonably be expected to have a Material Adverse Effect; 
 (r) Liens
(i) (A) on advances of cash or Permitted Investments in favor of the seller of any property to be acquired in an Investment permitted pursuant to Section 6.04 to be applied against the purchase price for such
Investment, and (B) consisting of an agreement to dispose of any property in a Disposition permitted under Section 6.05, in each case, solely to the extent such Investment or Disposition, as the case may be, would have
been permitted and (ii) on cash earnest money deposits made by the Parent Borrower or any Restricted Subsidiary in connection with any letter of intent or purchase agreement permitted hereunder; 

(s) Liens in favor of the Parent Borrower or any Restricted Subsidiary securing Indebtedness permitted under
Section 6.01(d) or other obligations owed to the Parent Borrower or a Restricted Subsidiary; provided that, any such Liens encumbering any Collateral shall be subordinated to the Liens of the Administrative Agent on
terms and conditions reasonably satisfactory to the Administrative Agent; 
 (t) Liens that are contractual rights of set-off relating to purchase orders and other similar agreements entered into in the ordinary course of business; 

  
 CREDIT AGREEMENT, Page 156 












 (u) Liens representing the interest of a purchaser of goods sold by the
Parent Borrower or any of its Restricted Subsidiaries in the ordinary course of business under conditional sale, title retention and extended title retention (verlängerter Eigentumsvorbehalt), consignment, bailee or similar
arrangements; provided that such Liens arise only under the applicable conditional sale, title retention, consignment, bailee or similar arrangements and such Liens only encumber the good so sold thereunder; 

(v) Liens on repurchase agreements constituting Permitted Investments; 

(w) other Liens securing Indebtedness or other obligations in an aggregate principal amount not to exceed the greater of $325,000,000360,000,000
 and 6.0% of Consolidated Total Assets at any time outstanding; provided, that a Lien securing Indebtedness or other obligations shall be deemed to exist pursuant to this
clause (w) in an amount equal to the aggregate solvency deficits of all Canadian Defined Benefit Plans administered, maintained, participated in or contributed to, by the Canadian Loan Parties, determined by reference to
the most recent valuation reports thereof required to be delivered to the applicable regulators; 
 (x) Liens
(i) on Equity Interests in joint ventures (including the Renewable Diesel Joint Ventures) or Unrestricted Subsidiaries; provided such Liens secure the obligation to make capital contributions, keep-well or similar payments to, or
Indebtedness or other obligations of, such joint venture or Unrestricted Subsidiary, as applicable, (ii) consisting of customary rights of first refusal and tag, drag and similar rights in joint venture agreements and agreements with respect to
non-wholly owned Subsidiaries and (iii) consisting of any encumbrance or restriction (including put and call arrangements) in favor of a joint venture party with respect to Equity Interests of, or assets
owned by, any joint venture or similar arrangement pursuant to any joint venture or similar agreement; 
 (y) Liens on
(i) the Equity Interests of any Renewable Diesel Joint Venture in favor of the holder of (A) any Indebtedness of such Renewable Diesel Joint Venture, (B) any Guarantee by the Parent Borrower or any Restricted Subsidiary of such
Indebtedness otherwise permitted under this Agreement or (C) any Guarantee by the Parent Borrower or any Restricted Subsidiary of the commitment by the Parent Borrower or any Restricted Subsidiary to make an Investment in any Renewable Diesel
Joint Venture permitted to be made under this Agreement and (ii) cash and cash equivalents to secure (A) obligations of the Parent Borrower or any Restricted Subsidiary to make an Investment in the Renewable Diesel Joint Ventures permitted
under this Agreement or (B) obligations in respect of a letter of credit posted to support obligations of the type set forth in the foregoing clause (y)(ii)(A); 

(z) other than during a Collateral Suspension Period (unless the Obligations are equally and ratably secured therewith or the
Obligations are secured on a senior basis thereto), Liens on property constituting Collateral of the Loan Parties securing obligations issued or incurred under (i) any Refinancing Notes and the Refinancing Notes Indentures related thereto and
any Permitted Refinancing Indebtedness in respect thereof, (ii) any Refinancing Junior Loans and the Refinancing Junior Loans Agreements and any Permitted Refinancing Indebtedness in respect thereof, in each case, to the extent required by the
documentation in respect of such notes or loans, as applicable and (iii) Incremental Equivalent Debt and any Permitted Refinancing 

  
 CREDIT AGREEMENT, Page 157 












 
Indebtedness in respect thereof; provided that (x) at the time of incurrence thereof such obligations are permitted to be secured pursuant to the definitions of Refinancing
Notes, Refinancing Junior Loans, Incremental Equivalent Debt or Permitted Refinancing Indebtedness in respect thereof, as applicable, and (y) if applicable, such Indebtedness is subject to customary intercreditor arrangements reasonably
satisfactory to the Administrative Agent; 
 (aa) Liens on the proceeds of Indebtedness incurred in connection with any
transaction permitted hereunder which proceeds have been deposited into an escrow account on customary terms to secure such Indebtedness pending the application of such proceeds to finance such transaction; 

(bb) any Lien arising under clause 24 or clause 25 of the general terms and conditions (algemene
bankvoorwaarden) of any member of the Dutch
Bankers’’
 Association (Nederlandse Vereniging van Banken) or any similar term applied by a financial institution in The Netherlands pursuant to its general terms and conditions; 

(cc) Liens securing Indebtedness permitted pursuant to Section 6.01(y); provided that such
Liens are only on the assets or property described in Section 6.01(y)(ii); 
 (dd) any netting or set-off arrangement entered into by any Dutch Subsidiary in the ordinary course of its banking arrangements for the purpose of netting debit and credit balances of any Dutch Subsidiary; 

(ee) Liens arising by operation of law or created in order to comply with applicable Requirements of Law, including any
security requested to be created by any creditor of a German Subsidiary in connection with (i) a merger or a
conversion of a German Subsidiary pursuant to SectionSections 22 of the German Reorganization Act (Umwandlungsgesetz), 204 UmwG and/or (ii) the termination of a domination and profit and
loss pooling agreement (Beherrschungs – und Gewinnnabführungsvertrag) pursuant to Section 303 of the German Stock
Corporation Act (AktG); 

(ff) Liens on cash, Permitted Investments or other property (including the net proceeds of Indebtedness) arising in connection
with the defeasance, discharge or redemption of Indebtedness; 
 (gg) Liens securing (i) obligations under Swap
Agreements entered into in the ordinary course of business and not for speculative purposes and (ii) obligations of the type described in Section 6.01(p) (including, for the avoidance of doubt, any accounts receivables
and related security being sold or transferred by a Borrower or its Restricted Subsidiaries in the ordinary course of business pursuant to any incentive, supplier finance or similar program between such Borrower or Restricted Subsidiary, as supplier
or seller, and any finance or other institution a party thereto, as purchaser); 
 (hh) Liens in favor of a Receivables
Subsidiary or a Person that is not a Subsidiary of the Parent Borrower on Receivables Assets or the Equity Interests of a Receivables Subsidiary, in each case granted in connection with a Receivables Facility solely to secure obligations owing to
such Receivables Subsidiary or other Person that is not a Subsidiary of the Parent Borrower under such Receivables Facility; 

  
 CREDIT AGREEMENT, Page 158 












 (ii) precautionary or purported Liens evidenced by the filing of UCC
financing statements or similar financing statements under applicable Law relating solely to operating leases or consignment or bailee arrangements entered into in the ordinary course of business; and 

(jj) additional liens so long as the Secured Leverage Ratio does not exceed 4.00:1.00; provided that
(A) with respect to Liens on property constituting Collateral of the Loan Parties such Indebtedness is subject to customary intercreditor arrangements reasonably satisfactory to the Administrative Agent, (B) this
clause (jj) shall not be used to secure any Indebtedness of the type described in Section 6.02(z) and (C) during a Collateral Suspension Period, no Liens shall be incurred under this
clause (jj) unless the Obligations are secured by Liens on “Collateral” on the same terms and to the same extent as existed immediately prior to the Collateral Suspension Date on which such Collateral Suspension
Period
arose.; 

(kk)
 In respect of the Germany Subsidiary Borrower, Liens created in connection with pension liabilities or
partial retirement liabilities (Altersteilzeitverpflichtungen) pursuant to Section 8a of the German Partial
Retirement Act (Altersteilzeitgesetz) or pursuant to Sections 7b and 7e of the Fourth Book of the German
Social Code
(Sozialgesetzbuch IV); and 

(ll)
 CoBank’s Liens (including the right of setoff) in the
CoBank Equities and in any cash patronage. 
 Section 6.03 Fundamental
Changes. Such Borrower will not, nor will it permit any of its Restricted Subsidiaries to, merge into or amalgamate or consolidate with any other Person, or permit any other Person to merge into or consolidate or amalgamate with it, or liquidate
or dissolve, except that: 
 (a) any Subsidiary may merge with the Parent Borrower in a transaction in which the Parent
Borrower is the surviving Person (or in the case of a transitory merger where the surviving Person assumes the Obligations in a manner reasonably acceptable to the Administrative Agent); 

(b) any Restricted Subsidiary may merge with any Subsidiary in a transaction in which the surviving entity is a Subsidiary and
(x) if any party to such merger is a Domestic Subsidiary Loan Party, the surviving entity is a Domestic Subsidiary Loan Party (or the surviving Person assumes the Obligations of such non-surviving
Domestic Subsidiary Loan Party in a manner reasonably acceptable to the Administrative Agent or such transaction shall constitute an Investment permitted by Section 6.04) and (y) if no party to such merger is a
Domestic Subsidiary Loan Party but any party to such merger is a Foreign Subsidiary Loan Party, the surviving entity is a Foreign Subsidiary Loan Party (or the surviving Person assumes the Obligations of such
non-surviving Foreign Subsidiary Loan Party in a manner reasonably acceptable to the Administrative Agent or such transaction shall constitute an Investment permitted by
Section 6.04); 
 (c) any Person may merge into the Parent Borrower in an Investment permitted by
Section 6.04 in which the Parent Borrower is the surviving Person; 

  
 CREDIT AGREEMENT, Page 159 












 (d) any Person may merge with a Restricted Subsidiary in an Investment
permitted by Section 6.04 in which the surviving entity is a Subsidiary and (x) if any party to such merger is a Domestic Subsidiary Loan Party, the surviving entity is a Domestic Subsidiary Loan Party (or the
surviving Person assumes the Obligations of such non-surviving Domestic Subsidiary Loan Party in a manner reasonably acceptable to the Administrative Agent or such transaction shall constitute an Investment
permitted by Section 6.04) and (y) if no party to such merger is a Domestic Subsidiary Loan Party but any party to such merger is a Foreign Subsidiary Loan Party, the surviving entity is a Foreign Subsidiary Loan Party
(or the surviving Person assumes the Obligations of such non-surviving Foreign Subsidiary Loan Party in a manner reasonably acceptable to the Administrative Agent or such transaction shall constitute an
Investment permitted by Section 6.04); 
 (e) any Subsidiary (other than a Borrower) may liquidate
or dissolve or change in legal form if the Parent Borrower determines in good faith that such liquidation or dissolution or change in legal form is in the best interests of the Parent Borrower and is not materially disadvantageous to the Lenders (it
being understood that any release and re-taking of any Collateral or Guaranty in connection with such change in legal form is not materially disadvantageous); 

(f) in connection with the Disposition of a Subsidiary (other than a Borrower) or its assets permitted by
Section 6.05, such Subsidiary may merge with or into any other Person; 
 (g) any Foreign
Subsidiary may merge or amalgamate with a Foreign Borrower or any other Foreign Subsidiary in a transaction in which the Foreign Borrower or such Foreign Subsidiary is the surviving Person (or in the case of a transitory merger where the surviving
Person assumes the Obligations of the Foreign Borrower or such other Foreign Subsidiary in a manner reasonably acceptable to the Administrative Agent); and 

(h) any merger, amalgamation, consolidation, liquidation or dissolution by the Parent Borrower or its Restricted Subsidiaries
in connection with the consummation of the transactions described in the PWC Steps Memo (or implied thereunder as necessary to implement the transactions described therein) shall be permitted. The Parent Borrower will not, and will not permit any of
its Subsidiaries to, engage to any material extent in any business other than businesses of the type conducted by the Parent Borrower and its Subsidiaries on the date of execution of this Agreement and businesses reasonably related, complementary or
ancillary thereto. 
 Section 6.04 Investments, Loans, Advances, Guarantees and Acquisitions. Such Borrower will not, and will
not permit any of its Restricted Subsidiaries to, purchase, hold or acquire (including pursuant to any merger with any Person that was not a wholly owned Subsidiary prior to such merger) any Equity Interests in or evidences of Indebtedness or other
securities of, make or permit to exist any loans or advances to, Guarantee any Indebtedness of, any other Person, or purchase or otherwise acquire (in one transaction or a series of transactions) any assets of any other Person constituting a
business unit or all or substantially all of the assets of a division or branch of any Person (any one of the actions described in the foregoing provisions of this Section 6.04, herein an “Investment”),
except: 

  
 CREDIT AGREEMENT, Page 160 












 (a) Investments in respect of the Rothsay Acquisition (including any
intercompany transaction in connection therewith to permit the Canadian Borrower to pay the purchase price for Rothsay) and the Vion Acquisition (including any intercompany transaction described in the PWC Steps Memo or in connection herewith to
permit the Dutch Parent Borrower to pay the purchase price for the Vion Acquisition); 
 (b) Investments in the form of cash,
Permitted Investments and Investments that were Permitted Investments when such Investments were made; 
 (c) Investments
existing on, or contractually committed as of, the
SixthSeventh
 Amendment Date and set forth on Schedule 6.04 and any modification, replacement, renewal or extension thereof; provided that the amount of the original Investment is not increased except by
the terms of such Investment or as otherwise permitted by this Section 6.04; 
 (d)
Investments among the Parent Borrower and its Subsidiaries (including between or among Subsidiaries and including in connection with the formation of Subsidiaries); provided that the sum of the aggregate amount of Investments by, without
duplication, Parent Borrower and/or the Restricted Subsidiaries in or for the benefit of Unrestricted Subsidiaries (other than the amount of any such Investments that are promptly applied by such Unrestricted Subsidiary to make substantially
contemporaneous Investments in any Loan Party and/or any Restricted Subsidiary) shall not exceed the greater of $375,000,000420,000,000 and 7.0% of Consolidated Total Assets in the aggregate at
any time outstanding; 
 (e) Guarantees constituting Indebtedness permitted by Section 6.01
and payments thereon or Investments in respect thereof in lieu of such payments; provided that the aggregate principal amount of Indebtedness of Unrestricted Subsidiaries that is Guaranteed by the Parent Borrower or any Restricted Subsidiary
shall not exceed the amount of Investments in Unrestricted Subsidiaries otherwise permitted under this Section 6.04 (it being understood that such amount described in this proviso shall constitute a usage of such other
provision of this Section 6.04 while such Guarantee is outstanding) and (ii) if the Guaranteed Indebtedness is subordinated the Guarantee of such Indebtedness is subordinated on the same terms; 

(f) Investments received in connection with the bankruptcy or reorganization of, or settlement of delinquent accounts or
disputes with or judgments against, any Person, or foreclosure or deed in lieu of foreclosure with respect to any Lien held as security for an obligation, in each case in the ordinary course of business; 

(g) notes and other non–cash consideration received as part of the purchase price of assets subject to a Disposition
pursuant to Section 6.05; 
 (h) advances or extensions of trade credit in the ordinary course of
business; 
 (i) Investments arising in connection with the Swap Agreements entered into in the ordinary course of business
and not for speculative purposes; 

  
 CREDIT AGREEMENT, Page 161 












 (j) loans and advances to officers, directors, employees, members of
management or consultants of the Parent Borrower and its Restricted Subsidiaries made (i) in the ordinary course of business for travel and entertainment expenses, relocation costs and similar purposes and (ii) in connection with such
Person’s purchase of Equity Interests of the Parent Borrower in an aggregate amount not to exceed $10,000,000 for all such loans and advances in the aggregate at any one time outstanding; 

(k) Asset Swaps consummated in compliance with Section 6.05; 

(l) Parent Borrower or a Restricted Subsidiary may purchase, hold or acquire (including pursuant to a merger, consolidation,
amalgamation or otherwise) at least a majority of the Equity Interests of a Person (including with respect to an Investment in a Restricted Subsidiary or joint venture that serves to increase the Parent Borrower’s or its Restricted
Subsidiaries’ respective ownership of Equity Interests therein (an “Equity Accretive Investment”)) and may purchase or otherwise acquire (in one transaction or a series of transactions) all or substantially all of the assets of
any other Person or all or substantially all of the assets of a division, line of business or branch of such Person, if, with respect to each such acquisition (a “Permitted Acquisition”): 

(i) Event of Default. No Event of Default exists or would result therefrom on the date the definitive agreement for the
Permitted Acquisition is entered into by the Parent Borrower and/or the Restricted Subsidiary, as applicable; 
 (ii)
Total Leverage Ratio; Investment Amounts. On a Pro Forma Basis for such Permitted Acquisition, the Total Leverage Ratio is less than or equal to 5.50 to 1.00 and the Secured Leverage Ratio is less than or equal to 4.00 to 1.00; and 

(iii) Unrestricted Subsidiaries. The total consideration paid for (1) the Capital Stock of any Person that becomes
an Unrestricted Subsidiary and (2) in the case of an asset acquisition, assets of any Person that are not acquired by a Borrower or any Restricted Subsidiary, when taken together with the total consideration for all such Persons and assets so
acquired after the
SixthSeventh
 Amendment Date, shall not exceed the amount of Investments in Unrestricted Subsidiaries otherwise permitted under this Section 6.04 (it being understood that such amount described
in this clause (iii) shall constitute a usage of such other provision of this Section 6.04). 

(m) Investments consisting of Indebtedness, Liens, fundamental changes, Dispositions, sale leaseback transactions, Restricted
Payments and Affiliate transactions permitted under Sections 6.01, 6.02, 6.03, 6.05, 6.08 and 6.09, respectively; 

(n) advances of payroll payments to employees in the ordinary course of business; 

(o) Guarantees by the Parent Borrower and the Restricted Subsidiaries of leases of the Parent Borrower and Restricted
Subsidiaries (other than Capital Lease Obligations) or of other obligations not constituting Indebtedness, in each case entered into in the ordinary course of business and payments thereon or Investments in respect thereof in lieu of such payments;


  
 CREDIT AGREEMENT, Page 162 












 (p) Investments (i) consisting of endorsements for collection or
deposit, (ii) resulting from pledges and/or deposits permitted by Sections 6.02(d), 6.02(e), 6.02(k) and 6.02(r) and (iii) consisting of the licensing, sublicensing or contribution of
intellectual property pursuant to joint marketing arrangements, in each case, in the ordinary course of business; 
 (q) the
making, purchase, holding or other acquisition of Investments in Persons who, after giving effect to such Investment will not be a Subsidiary, as long as: 

(i) no Event of Default exists or would result at the time such Investment is committed to be made and no payment or bankruptcy
Event of Default exists or would result at the time such Investment is actually made; and 
 (ii) on a Pro Forma Basis for
such Investment, the Total Leverage Ratio is less than or equal to 5.50 to 1.00 and the Secured Leverage Ratio is less than or equal to 4.004.25 to 1.00; 

(r) the Parent Borrower may serve as an account party under a letter of credit or provide cash collateral to support
obligations of Insurance Company of Colorado, Inc. as long as such support is required by, and is in the amount required by, applicable insurance regulations; 

(s) in addition to the Investments otherwise permitted by this Section 6.04, the Parent Borrower and
the Restricted Subsidiaries may make Investments in an aggregate amount not to exceed the sum of (i) the greater of $325,000,000360,000,000 and 6.0% of Consolidated Total Assets at any time
outstanding and (ii) any amount available for Restricted Payments under Section 6.08(a)(x)(A)(I) or payments or other distributions on account of the purchase, redemption, retirement, acquisition, cancellation or
termination of Restricted Indebtedness under Section 6.08(b)(iii) that the Borrower has elected to apply to this clause (ii); 

(t) (i) any Investments in any Subsidiary or joint venture in connection with intercompany cash management arrangements or
related activities arising in the ordinary course of business; provided that any entity that serves to hold cash balances received from Loan Parties is a Loan Party within the time frames required by this Agreement and (ii) Investments
by the Parent Borrower in any Subsidiary or joint venture to enable it to obtain cash management and similar arrangements described in Section 6.01(p); 

(u) Investments in respect of any Renewable Diesel Joint Venture in the form of (i) a Guarantee (or Guarantees) permitted
by Section 6.01(w), (ii) Liens permitted by Section 6.02(y) and (iii) other Investments in an amount not to exceed the greater of $500,000,000600,000,000
 and 10.0% of Consolidated Total Assets at any time outstanding; it being understood that (x) the amount of Investments in the form of assets or other property made pursuant to
clause (iii) of this clause (u) shall be the fair market value of such assets or other property (as determined in good faith by the Parent Borrower) and (y) the Parent Borrower and its
Restricted Subsidiaries may also invest cash or Permitted Investments to satisfy obligations referred to in clause (i) of this clause (u); provided that as of the date of any such Investment
and after giving effect thereto no Event of Default shall exist or result therefrom; 

  
 CREDIT AGREEMENT, Page 163 












 (v) any acquisition of assets or Equity Interests solely in exchange for, or
out of the net cash proceeds received from, the substantially contemporaneous issuance of Equity Interests (other than Disqualified Equity Interests) of the Parent Borrower; 

(w) endorsements of negotiable instruments and documents in the ordinary course of business; 

(x) Investments made in connection with the funding of contributions under any
non-qualified retirement plan or similar employee compensation plan in an amount not to exceed the amount of compensation expense recognized by the Parent Borrower and its Restricted Subsidiaries in connection
with such plans; 
 (y) in addition to the Investments otherwise permitted by this Section 6.04,
the Parent Borrower and its Restricted Subsidiaries may
(i) make an Investment (i) at any time after the date hereof in an amount equal to the amount that, together with the aggregate
amount of all other Investments made after the date hereof by the Parent Borrower and its Restricted Subsidiaries pursuant to this Section 6.04(y)(i), the aggregate amount of all Restricted Payments made by the Parent
Borrower and its Restricted Subsidiaries pursuant to Section 6.08(a)(ix) and the aggregate amount of all payments or distributions made by the Parent Borrower and its Restricted Subsidiaries pursuant to
Section 6.08(b)(v) after the date hereof, shall not exceed the Available Amount and (ii) make additional Investments; provided that in the case of this clause (ii) if, on a Pro Forma
Basis, the Total Leverage Ratio is greater than 4.50 to 1.00 or the Secured Leverage Ratio is greater than 4.004.25 to 1.00, then the aggregate amount of Investments made per fiscal
year pursuant to this Section 6.04(y)(ii) shall not exceed an amount equal to 25% of the Consolidated Net Income of the Parent Borrower and its Restricted Subsidiaries for the immediately preceding fiscal year; 

(z) Investments in any Subsidiary that is not a Loan Party in an amount required to permit such Subsidiary to consummate a
Permitted Acquisition or other Investment permitted hereunder substantially contemporaneously with the receipt by such Subsidiary of the proceeds of such Investment; 

(aa) Investments (i) in subsidiaries in connection with reorganizations and related to tax planning; provided that,
after giving effect to any such reorganization and/or related activity, the security interest of the Administrative Agent in the Collateral, taken as a whole, is not materially impaired, and (ii) by any Loan Party in any non-Loan Party consisting of the contribution of Equity Interests of any Person that is not a Loan Party; 

(bb) (i) Investments of any Restricted Subsidiary acquired after the Closing Date, or of any Person acquired by, or merged into
or consolidated or amalgamated with the Parent Borrower or any Restricted Subsidiary after the Closing Date, in each case as part of an Investment otherwise permitted by this Section 6.04 to the extent that such Investments
were not made in contemplation of or in connection with such acquisition, merger, amalgamation or consolidation and were in existence on the date of the relevant acquisition, merger, amalgamation or consolidation and (ii) any modification,
replacement, renewal or extension of any Investment permitted under clause (i) of this Section 6.04(bb) so long as no such modification, replacement, renewal or extension thereof increases the
amount of such Investment except as otherwise permitted by this Section 6.04; 

  
 CREDIT AGREEMENT, Page 164 












 (cc) Investments made in joint ventures or
non-wholly-owned Subsidiaries as required by, or made pursuant to, buy/sell arrangements between the joint venture parties set forth in joint venture agreements and similar binding arrangements arising in the
ordinary course of business; provided that if, on a Pro Forma Basis, the Total Leverage Ratio is greater than 5.50 to 1.00 or the Secured Leverage Ratio is greater than
4.004.25 to 1.00, then the aggregate amount of Investments made pursuant to this Section 6.04(cc) at any time outstanding shall not exceed an amount equal to the greater of $100,000,000120,000,000
 and 2.0% of Consolidated Total Assets; 
 (dd) Investments made by any
Restricted Subsidiary that is not a Subsidiary Loan Party with the proceeds received by such Person from an Investment made by the Parent Borrower or any Subsidiary Loan Party in such Person under this Section 6.04; 

(ee) Investments (i) constituting deposits, prepayments and/or other credits to suppliers, (ii) made in connection
with obtaining, maintaining or renewing client and customer contracts and/or (iii) in the form of advances made to distributors, suppliers, licensors and licensees, in each case, in the ordinary course of business; 

(ff) de minimis Investments made in connection with the incorporation or formation of any newly created Subsidiary of
the Parent Borrower; and 

(gg) customary Investments in connection with any Receivables Facility.; and
 
 (hh) the CoBank Equities and any other stock or securities of, or Investments in, CoBank or its investment services or
programs. 
 For purposes of this Section 6.04 the amount of any
Investment shall be the initial amount invested without regard to increase or decreases in value, write ups, write offs or write downs but after giving effect to all payments or repayments of, or returns on, such Investment. 

Notwithstanding anything to the contrary contained herein, if any Person (including any Renewable Diesel Joint Venture but excluding any Borrower) in which an
Investment is made pursuant to clause (q) or clause (u) above subsequently becomes or is deemed to be a Subsidiary of the Parent Borrower but is less than wholly owned, then at the option of the
Parent Borrower, such Person shall be deemed to have been simultaneously designated by the Parent Borrower as an Unrestricted Subsidiary without regard to the requirements set forth in clause (d) above and the definition of
“Unrestricted Subsidiary”. Any Investment in such Person on the date of such designation shall not be deemed to have utilized any other amounts available under clause (d) above solely as a result of such deemed
designation. Any Investment in such Person after the date of such designation shall be subject to compliance with this Section 6.04. 

Section 6.05 Dispositions. Such Borrower will not, and will not permit any of its Restricted Subsidiaries to, sell, transfer,
lease or otherwise dispose (whether effected pursuant to a division or otherwise) of any asset, including any Equity Interest owned by it (each such sale, transfer, lease or other disposition herein a “Disposition”), nor will the
Parent Borrower permit any of the Restricted Subsidiaries to issue any additional Equity Interest in such Subsidiary (other than the issuance of directors’ qualifying or similar shares required to be held by specific Persons under applicable
law) except: 

  
 CREDIT AGREEMENT, Page 165 












 (a) Dispositions of inventory (including on an intercompany basis),
vehicles, obsolete, used, worn-out or surplus assets or property no longer useful to the business of such Person or economically impracticable to maintain and Permitted Investments in the ordinary course of
business; 
 (b) Dispositions by any Restricted Subsidiary of assets (upon voluntary liquidation or otherwise) to the Parent
Borrower or to any Restricted Subsidiary; 
 (c) Dispositions of property subject to or resulting from casualty losses and
condemnation proceedings (including in lieu thereof or any similar proceedings); 
 (d) Asset Swaps; provided that if
the Total Leverage Ratio or Secured Leverage Ratio as of the end of the most recent fiscal quarter for which financial statements were required to be delivered under Section 5.01(a) or (b), is more than 5.50 to 1.00
or 4.00 to 1.00, respectively, then the net effect of such Asset Swap shall not require the Parent Borrower or applicable Restricted Subsidiary to make a cash payment of an amount in excess of the greater of $50,000,00060,000,000
 and 1.0% of Consolidated Total Assets to the counterparty in connection with such Asset Swap; 

(e) Dispositions in connection with any sale-leaseback or similar transaction; provided that the fair market value (as
determined by the Parent Borrower in good faith) of all property so disposed of shall not exceed an amount equal to the greater of $125,000,000150,000,000 and 2.5% of Consolidated Total Assets from and after the
SixthSeventh
 Amendment Date; 
 (f) Dispositions permitted by
Sections 6.02 (and of the Liens thereunder), 6.03 (so long as any Disposition pursuant to a liquidation permitted pursuant to Section 6.03 shall be done on a pro rata basis among the equity
holders of the applicable Subsidiary), 6.04 and 6.08; 
 (g) the issuance of Equity Interests by a Restricted
Subsidiary to the Parent Borrower or to another Restricted Subsidiary (and each other equity holder ratably according to their interests) and which, to the extent constituting an Investment, is permitted by Section 6.04;

 (h) (i) Dispositions of Investments and accounts receivable (together with any and all other rights and intangibles
related thereto) in the ordinary course of business (including, without limitation, in the case of any accounts receivable, in connection with any incentive, supplier finance or other similar program, and, in the case of both Investments and
accounts receivable, in connection with the collection, settlement or compromise thereof (including in any situation of a work-out or financial distress, in each case, of the Person owing such accounts
receivable)) or (ii) any surrender or waiver of contract rights pursuant to a settlement, release, recovery on or surrender of contract, tort or other claims of any kind; 

  
 CREDIT AGREEMENT, Page 166 












 (i) Dispositions in the ordinary course of business consisting of
(i) the abandonment of intellectual property which, in the reasonable good faith determination of the Parent Borrower, is not material to the conduct of the business of the Parent Borrower and Subsidiaries (taken as a whole) and (ii) licensing, sublicensing and
cross-licensing arrangements involving any technology or other intellectual property or general intangibles of the Parent Borrower or its Subsidiaries; 

(j) Dispositions of residential real property and related assets in the ordinary course of business in connection with
relocation activities for directors, officers, members of management, employees or consultants of the Loan Parties; 
 (k)
terminations of Swap Agreements; 
 (l) Dispositions identified to the Administrative Agent and the Lenders in writing on or
prior to the Effective Date; 
 (m) Dispositions of the Capital Stock of, or the assets or securities of, Unrestricted
Subsidiaries; 
 (n) Dispositions of the Investments entered into under the permissions of
Section 6.04(q); 
 (o) other Dispositions; provided that: (i) the Net Proceeds of such
Disposition shall be applied in compliance with Section 2.11(c), (ii) no Default exists on the date on which the definitive agreement governing the relevant Disposition is executed and (iii) with respect to any
Disposition pursuant to this clause (o) for a purchase price in excess of the greater of (x) $50,000,00060,000,000 and (y) 1.0% of Consolidated Total Assets at least 75%
of the consideration shall be cash or Permitted Investments; provided that for purposes of the 75.0% Cash consideration requirement (w) the amount of any Indebtedness or other liabilities (other than Indebtedness or other liabilities
that are subordinated to the Obligations or that are owed to the Parent Borrower or a Restricted Subsidiary) of the Parent Borrower or any applicable Restricted Subsidiary (as shown on such Person’s most recent balance sheet or in the notes
thereto) that are assumed by the transferee of any such assets and for which the Parent Borrower and its Restricted Subsidiaries shall have been validly released by all relevant creditors in writing, (x) the amount of any trade-in value applied to the purchase price of any replacement assets acquired in connection with such Disposition, (y) any Securities received by the Parent Borrower or any Restricted Subsidiary from such
transferee that are converted by such Person into cash or Permitted Investments (to the extent of the cash or Permitted Investments received) within 180 days following the closing of the applicable Disposition and (z) any Designated Non-Cash Consideration received in respect of such Disposition having an aggregate fair market value (as determined by the Parent Borrower in good faith), taken together with all other Designated Non-Cash Consideration received pursuant to this clause (z) that is at that time outstanding, not in excess of the greater of $75,000,00090,000,000
 and 1.5% of Consolidated Total Assets of the Parent Borrower, as of the last day of the most recently ended period of four fiscal quarters for which financial statements have been delivered pursuant to
Section 5.01(a) or (b), as applicable, in each case, shall be deemed to be cash; 

  
 CREDIT AGREEMENT, Page 167 












 (p) Dispositions of property to the extent that (i) such property is
exchanged for credit against the purchase price of similar replacement property or (ii) the proceeds of such Disposition are promptly applied to the purchase price of such replacement property; 

(q) Dispositions of Investments in joint ventures (including the Renewable Diesel Joint Ventures and any Subsidiary that is not a wholly-owned Restricted Subsidiary) to
the extent required by, or made pursuant to, buy/sell arrangements between the joint venture parties set forth in the joint venture agreement or similar binding agreements entered into with respect to such Investment in such joint venture;

 (r) the expiration of any option agreement with respect to real or personal property; 

(s) repurchases of Equity Interests deemed to occur upon the exercise of stock options, warrants or other convertible
securities if such Equity Interests represent (i) a portion of the exercise price thereof or (ii) withholding incurred in connection with such exercise; 

(t) leases, subleases, licenses or sublicenses of property in the ordinary course of business; 

(u) Dispositions of
(i) non-core assets
(which may include real property) acquired in an acquisition permitted under this Agreement to the extent such Disposition was consummated within two years of such acquisition and (ii) of assets acquired in an acquisition permitted under this Agreement to the extent required to be made to comply
with the order of any Governmental Authority or applicable laws; 

(v) other Dispositions in an aggregate amount not to exceed the greater of $50,000,00060,000,000
and 1.0% of Consolidated Total Assets; 
 (w) Dispositions of
letters of credit and/or bank guarantees (and/or the rights thereunder) to banks or other financial institutions in the ordinary course of business in exchange for cash and/or Permitted Investments; 

(x) Dispositions in connection with the consummation of the transactions described in the PWC Steps Memo (or implied thereunder
as necessary to implement the transactions described therein); 
 (y) any sale of motor vehicles and information technology
equipment purchased at the end of an operating lease and resold thereafter; and 
 (z) Dispositions of Receivables Assets to
a Receivables Subsidiary or a Person that is not a Subsidiary of the Parent Borrower in connection with any Receivables Facility; 
 provided that
all Dispositions permitted pursuant to clauses (e), (o) and (u) above shall be made for fair value (as determined by the Parent Borrower in good faith) and all Dispositions permitted pursuant to
clauses (e), (o) (to the extent required thereunder) and (u) above shall be made for at least 75% cash consideration; 

  
 CREDIT AGREEMENT, Page 168 












 provided further that that any sale leaseback transaction that is consummated substantially
simultaneously with a Permitted Acquisition or similar Investment and relates to assets acquired in such Permitted Acquisition or similar Investment shall not be restricted by this Section 6.05 and shall not constitute a
Disposition. 
 Section 6.06 [Reserved]. 

Section 6.07 [Reserved]. 

Section 6.08 Restricted Payments; Certain Payments of Indebtedness. (a) The Parent Borrower will not, nor will it permit any
of its Restricted Subsidiaries to, declare or make any Restricted Payment, except: 
 (i) such Person may declare and make
Restricted Payments with respect to its Equity Interests payable solely in additional shares of its Equity Interests; 
 (ii)
Restricted Subsidiaries may declare and pay dividends with respect to their Equity Interests (provided that if such Restricted Subsidiary is not wholly-owned by the Parent Borrower, such dividends must be made to the holders of its Equity
Interests ratably according to their interests or in the case of the Parent Borrower and its Restricted Subsidiaries, on a greater than ratable basis) and, solely with respect to Subsidiaries organized in Germany, may make other payments in
accordance with domination and profit and loss pooling agreements (Beherrschungs – und Ergebnisabführungsverträge) within the meaning of Section 291 of the German Stock Corporation Act (AktG) as well as distribute profits and compensate losses in connection therewith; 

(iii) to the extent constituting Restricted Payments, the Parent Borrower and its Restricted Subsidiaries may enter into
transactions expressly permitted by Sections 6.03, 6.04, 6.05 or 6.09; 
 (iv)
repurchases by Parent Borrower of partial interests in its Equity Interests for nominal amounts which are required to be repurchased in connection with the exercise of stock options or warrants to permit the issuance of only whole shares of Equity
Interests; 
 (v) the Parent Borrower may pay for the repurchase, retirement or other acquisition or retirement for value of
Equity Interests of the Parent Borrower (including related stock appreciation rights or similar securities) held by any future, present or former director, officer, member of management, employee or consultant of the Parent Borrower or any of its
Subsidiaries (or the estate, heirs, family members, spouse, former spouse, domestic partner or former domestic partner of any of the foregoing); provided that (A) at the time of any such repurchase, retirement or other acquisition or
retirement for value no Default exists or would result, (B) the aggregate amount of Restricted Payments made under this clause (v) in any fiscal year does not exceed (x) an amount equal to the greater of $10,000,00015,000,000
 and 0.25% of Consolidated Total Assets (the “Yearly Limit”) plus (y) the portion of the Yearly Limit from each of the immediately preceding four fiscal years (not including any
fiscal year ending prior to 2010) which was not expended by 

  
 CREDIT AGREEMENT, Page 169 












 
Parent Borrower for Restricted Payments in such fiscal years (the “Carryover Amount” and in calculating the Carryover Amount for any fiscal year, the Yearly Limit applicable to
the previous fiscal years shall be deemed to have been utilized first by any Restricted Payments made under this clause (v) in such fiscal year) plus (z) an amount equal to the cash proceeds from the sale of
Equity Interests to directors, officers, members of management, employees or consultants of the Parent Borrower or of its Subsidiaries (or the estate, heirs, family members, spouse or former spouse of any of the foregoing) in such fiscal year; 

(vi) the repurchase of Equity Interests of the Parent Borrower that occurs upon the cashless exercise of stock options,
warrants or other convertible securities as a result of the Parent Borrower accepting such options, warrants or other convertible securities as satisfaction of the exercise price of such Equity Interests; 

(vii) such Parent Borrower and its Subsidiaries may make any Restricted Payment in connection with the Rothsay Acquisition as
contemplated by the Rothsay Acquisition Agreement or in connection with the Vion Acquisition as contemplated by the Vion Acquisition Agreement and in connection with the consummation of the transactions described in the PWC Steps Memo and any
actions necessary to implement such transactions; 
 (viii) repurchase of Equity Interests deemed to occur upon the non-cash exercise of Equity Interests to pay taxes; 
 (ix) the Parent Borrower and its
Restricted Subsidiaries may make Restricted Payments in an aggregate amount that, together with (A) the aggregate amount of all other Restricted Payments made by the Parent Borrower and its Restricted Subsidiaries pursuant to this
Section 6.08(a)(ix) after the date hereof, (B) the aggregate amount of all Investments made by the Parent Borrower and its Restricted Subsidiaries pursuant to Section 6.04(y)(i) after the date
hereof and (C) the aggregate amount of all payments or distributions made by the Parent Borrower and its Restricted Subsidiaries pursuant to Section 6.08(b)(v) after the date hereof, shall not exceed the Available
Amount; provided that (x) as of the date of any such Restricted Payment and after giving effect thereto no Default shall exist or would result therefrom or (y) no Default shall exist or would result therefrom on the date of
declaration of such Restricted Payment and such Restricted Payment is made within 60 days of such declaration; provided further that solely for purposes of this Section 6.08(a)(ix), in no event shall more than
$300,000,000 in Restricted Payments be made with the Available Amount pursuant to this Section 6.08(a)(ix); and 

(x) the Parent Borrower may make additional Restricted Payments not to exceed an amount equal to (A) the sum of
(I) an amount of Restricted Payments; provided that (1) (x) as of the date of any such Restricted Payment and after giving effect thereto, no Default shall exist or would result therefrom or (y) no Default shall exist or would
result therefrom as of the date of declaration of such Restricted Payment and such Restricted Payment is made within 60 days of such declaration and (2) if the Total Leverage Ratio on a Pro Forma Basis is greater than 4.50 to 1.00 or the
Secured Leverage Ratio on a Pro 

  
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Forma Basis is greater than 3.00 to 1.00, then the aggregate amount of Restricted Payments made under this clause (x) in respect of a fiscal year (including the
Restricted Payment in question) shall not at any time exceed 25% of the Consolidated Net Income of the Parent Borrower and its Restricted Subsidiaries for the immediately preceding fiscal year and (II) any amount available for payments or other
distributions on account of the purchase, redemption, retirement, acquisition, cancellation or termination of Restricted Indebtedness under Section 6.08(b)(iii)(A)(I) that the Borrower has elected to apply to this
clause (A)(II) minus (B) solely to the extent the amount of Restricted Payments permitted to be made under the foregoing clause (A)(I) was capped pursuant to
clause (2) of the proviso thereto on the date of application to Section 6.04(s) or Section 6.08(b)(iii)(A)(II), the amount available under
clause (2) of the proviso to the foregoing clause (A)(I) that the Borrower has elected to apply to Section 6.04(s) or
Section 6.08(b)(iii)(A)(II). 
 (b) Such Borrower will not, nor will it permit any of its
Restricted Subsidiaries to, make any payment in respect of any purchase, redemption, retirement, acquisition, cancellation or termination of any Subordinated Indebtedness (including any refinancing or replacement thereof) having an individual
outstanding principal amount in excess of
$100,000,000120,000,000
 (such Indebtedness, collectively, “Restricted Indebtedness”), or any other payment or other distribution (whether in cash, securities or other property), including any sinking
fund or similar deposit, on account of the purchase, redemption, retirement, acquisition, cancellation or termination of any Restricted Indebtedness, except: 

(i) replacements, refinancings, amendments, supplements, modifications, extensions, renewals, restatements or refunding of
Restricted Indebtedness to the extent permitted by Section 6.01; 
 (ii) (A) payments or other
distributions on account of the purchase, redemption, retirement, acquisition, cancellation or termination of Restricted Indebtedness, in each case in exchange for, or out of the net proceeds of, the substantially concurrent sale of Equity Interests
(other than Disqualified Equity Interests) of the Parent Borrower (it being understood such amounts will not increase the Available Amount), or (B) the conversion of any Restricted Indebtedness to Equity Interests (other than Disqualified
Equity Interests); 
 (iii) payments or other distributions on account of the purchase, redemption, retirement, acquisition,
cancellation or termination of Restricted Indebtedness, in an aggregate amount not to exceed an amount equal to (A) the sum of (I) the greater of
$100,000,000120,000,000
 and 2.0% of Consolidated Total Assets and (II) any amount available for Restricted Payments under Section 6.08(a)(x)(A)(I) that the Borrower has elected to apply to
this clause (A)(II) minus (B) the amount available under clause (A)(I) that the Borrower has elected to apply to Section 6.04(s) or
Section 6.08(a)(x)(A)(II); provided that (x) at the time of any such payment or other distribution, no Default shall have occurred and be continuing or would result therefrom or (y) no Default shall exist
or would result therefrom on the date such Person provides notice of such payment or distribution and such payment or distribution shall be made within 90 days of such notice; 

  
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 (iv) payments or other distributions on account of the purchase, redemption,
retirement, acquisition, cancellation or termination of Restricted Indebtedness if, on a Pro Forma Basis, the Secured Leverage Ratio is less than 4.004.25 to 1.00; 

(v) payments or other distributions on account of the purchase, redemption, retirement, acquisition, cancellation or
termination of Restricted Indebtedness, in an aggregate amount that, together with (A) the aggregate amount of all other such payments or other distributions made by the Parent Borrower and its Restricted Subsidiaries pursuant to this
Section 6.08(b)(v) after the date hereof, (B) the aggregate amount of all other Restricted Payments made by the Parent Borrower and its Restricted Subsidiaries pursuant to Section 6.08(a)(ix)
after the date hereof and (C) the aggregate amount of all Investments made by the Parent Borrower and its Restricted Subsidiaries pursuant to Section 6.04(y)(i) after the date hereof, shall not exceed the Available
Amount; provided that (x) as of the date of such payment or distribution and after giving effect thereto no Default shall exist or result therefrom or (y) no Default shall exist or would result therefrom on the date such Person
provides notice of such payment or distribution and such payment or distribution shall be made within 90 days of such notice; and 

(vi) payment-in-kind interest with respect to
Restricted Indebtedness permitted by this Agreement; 
 (vii) payments or distributions on account of intercompany
Subordinated Indebtedness not prohibited by the terms of this Agreement; and 
 (viii) payments as part of an
“applicable high yield discount obligation” catch-up payment with respect to Restricted Indebtedness permitted by this Agreement. 

Notwithstanding the foregoing, the making of any dividend, payment or other distribution or the consummation of any irrevocable redemption within 60 days
after the date of declaration of such dividend, payment or other distribution or giving of the redemption notice, as applicable, will not be prohibited if, at the date of declaration or notice such dividend, payment or other distribution or
redemption would have complied with the terms of this Agreement. For the avoidance of doubt, the Parent Borrower and its Restricted Subsidiaries may make regularly scheduled payments of principal and payments of interest, fees, expenses and
indemnification or similar obligations in respect of Restricted Indebtedness when due, and in the case of Subordinated Indebtedness, to the extent not prohibited by the subordination provisions thereof (if applicable). 

Section 6.09 Transactions with Affiliates. Such Borrower will not, nor will it permit any of its Restricted Subsidiaries to, sell,
lease or otherwise transfer any property or assets to, or purchase, lease or otherwise acquire any property or assets from, or otherwise engage in any other transactions with, any of its Affiliates involving aggregate payments, for any such
transaction or series of related transactions, in excess of $25,000,000, except: 
 (a) transactions that are at prices and
on terms and conditions not less favorable to such Borrower or such Restricted Subsidiary than could be obtained on an arm’s-length basis from unrelated third parties; 

  
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 (b) transactions between or among the Loan Parties or their Restricted
Subsidiaries not involving any other Affiliate; 
 (c) any Restricted Payment permitted by
Section 6.08; 
 (d) the payment of reasonable and customary fees and expenses to directors of such
Borrower and the other Restricted Subsidiaries and the provision of customary indemnification to directors, officers, employees, members of management and consultants of the Parent Borrower and the Subsidiaries; 

(e) sales or issuances of Equity Interests to Affiliates of the Parent Borrower which are otherwise permitted or not restricted
by the Loan Documents; 
 (f) loans and other transactions by and among such Borrower and/or the Subsidiaries to the extent
permitted under this Article VI; 
 (g) the consummation of and the payment of all fees, expenses, bonuses and awards
related to the Original Transactions; 
 (h) transactions with joint ventures (including the Renewable Diesel Joint Ventures)
for the purchase or sale of goods and services entered into in the ordinary course of business; 
 (i) employment and
severance arrangements (including options to purchase Equity Interests of the Parent Borrower, restricted stock plans, long-term incentive plans, stock appreciation rights plans, participation plans or similar employee benefits plans) between such
Borrower and any Restricted Subsidiary and their directors, officers, employees, members of management and consultants in the ordinary course of business; 

(j) the existence of, and the performance of obligations of such Borrower or any of its Restricted Subsidiaries under the terms
of any agreement to which such Borrower or any of its Restricted Subsidiaries is a party as of or on the Sixth Amendment Date and identified on Schedule 6.09, as these agreements may be amended, restated, amended and restated, supplemented,
extended, renewed or otherwise modified from time to time; provided, however, that any future amendment, restatement, amendment and restatement, supplement, extension, renewal or other modification entered into after the Sixth
Amendment Date will be permitted to the extent that its terms are not more disadvantageous to the Lenders than the terms of the agreements on the Sixth Amendment Date; 

(k) any agreement between any Person and an Affiliate of such Person existing at the time such Person is acquired by or merged
into such Borrower or its Restricted Subsidiaries pursuant to the terms of this Agreement; provided that such agreement was not entered into in contemplation of such acquisition or merger, or any amendment thereto (so long as any such
amendment is not disadvantageous to the Lenders in any material respect in the good faith judgment of the Parent Borrower when taken as a whole as compared to such agreement as in effect on the date of such acquisition or merger); 

  
 CREDIT AGREEMENT, Page 173 












 (l) transactions in which such Borrower or any of its Restricted
Subsidiaries delivers to the Administrative Agent an opinion or appraisal issued by an independent accounting, appraisal or investment banking firm of national standing that the terms of such transaction are not materially less favorable than those
that might reasonably have been obtained by such Borrower or such Restricted Subsidiary in a comparable transaction at such time on an arm’s length basis from a Person that is not an Affiliate; and 

(m) transactions effected as part of a Receivables Facility transaction.; and 

(n)
 transactions approved by disinterested members of the board of directors or the audit committee or other appropriate committee responsible for reviewing proposed transactions with Affiliates in accordance with the conflict of interest, related
party or similar policies of the Parent Borrower as in effect from time to time. 

Section 6.10 [Reserved]. 

Section 6.11 Amendment of Material Debt Documents. The Parent Borrower will not, nor will it permit any Restricted Subsidiary to,
amend, modify or waive any of its rights under Restricted Indebtedness (other than intercompany Indebtedness among the Parent Borrower and/or any of its Restricted Subsidiaries) in any manner materially adverse to the interest of the Lenders taken
as a whole that has not been approved by the Administrative Agent; provided that it is understood and agreed that the foregoing limitation shall not prohibit any Permitted Refinancing Indebtedness in respect thereof or any other replacement,
refinancing, amendment, supplement, modification, extension, renewal, restatement or refunding of any Restricted Indebtedness, in each case, that is otherwise permitted by Section 6.01. 

ARTICLE VII 
 Financial
Covenants 
 Solely with respect to the Revolving Facility
and Term A Facility, until the Date of Full Satisfaction (solely
with respect to the Revolving Facility and the Term A Facility), the Parent Borrower covenants and agrees with the Lenders that: 
 Section 7.01
Interest Coverage Ratio. As of the last day of each fiscal quarter commencing with the first full fiscal quarter following the Fourth Amendment Date, the Parent Borrower shall not permit the Interest Coverage Ratio to be less than 3.00 to
1.00. 
 Section 7.02 Total Leverage Ratio. As of the last day of each fiscal quarter commencing with the first full fiscal
quarter following the Fourth Amendment Date, the Parent Borrower shall not permit the Total Leverage Ratio to exceed 5.50 to 1.00. 

Section 7.03 [Reserved]. 

  
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 ARTICLE VIII 

Events of Default 

Section 8.01 Events of Default; Remedies. If any of the following events (“Events of Default”) shall occur: 

(a) any Borrower shall fail to pay any principal of any Loan when and as the same shall become due and payable, whether at the
due date thereof or at a date fixed for prepayment thereof or otherwise; or any Borrower shall fail to pay any reimbursement obligation in respect of any LC Disbursement when and as the same shall become due and payable, and such failure with
respect to such reimbursement obligations shall continue unremedied for a period of three days; 
 (b) any Borrower shall
fail to pay any interest on any Loan or any fee or any other amount (other than an amount referred to in clause (a) of this Section 8.01) payable under this Agreement or any other Loan Document,
when and as the same shall become due and payable, and such failure shall continue unremedied for a period of five days; 

(c) any representation, warranty or certification made or deemed made by or on behalf of any Borrower or any Restricted
Subsidiary in or in connection with any Loan Document, or in any report, certificate, financial statement or other document furnished pursuant to or in connection with any Loan Document, shall prove to have been materially inaccurate when made or
deemed made; 
 (d) any Borrower shall fail to observe or perform any covenant, condition or agreement contained in
Sections 5.02(a) or in Article VI or in Article VII of this Agreement; provided any default under Sections 7.01 and/or 7.02 (a “Financial Covenant Event of
Default”) shall not constitute an Event of Default with respect to any Loans or Commitments hereunder, other than the Revolving
Loans,
Term A Loans and Revolving Commitments and Term A Commitments, until the date on which the Revolving Loans
and Term A Loans (if any) have been accelerated, and the
Revolving Commitments and Term A Commitments (if any) have
been terminated, in each case, by the Required TLA/RC
Lenders; 
 (e) any Loan Party shall fail to observe or perform any covenant, condition or agreement contained in any
Loan Document (other than those specified in clause (a), (b) or (d) of this Section 8.01), and such failure shall continue unremedied for a period of 30 days after written notice
thereof from the Administrative Agent to the Parent Borrower; 
 (f) any Borrower or any Restricted Subsidiary shall fail to
make any payment in respect of any Material Indebtedness, when and as the same shall become due and payable beyond any applicable grace period, or any event or condition occurs that results in any Material Indebtedness becoming due prior to its
scheduled maturity or that enables or permits, after giving effect to any applicable notice or grace period (which notice has been given or grace period has expired), the holder or holders of any Material Indebtedness or any trustee or agent on its
or their behalf to cause any Material Indebtedness to become due, or to require the prepayment, repurchase, redemption or defeasance thereof, prior to its scheduled maturity and such failure, 

  
 CREDIT AGREEMENT, Page 175 












 
event or condition shall not have been waived or cured before the Commitments are terminated and Loans accelerated; provided that this clause (f) shall not apply
to (i) secured Indebtedness that becomes due as a result of the Disposition (including as a result of a casualty or condemnation event) of the property or assets securing such Indebtedness, (ii) Guarantees of Indebtedness that are
satisfied promptly on demand or (iii) with respect to Indebtedness incurred under any Swap Agreement, termination events or equivalent events pursuant to the terms of the relevant Swap Agreement which are not the result of any default
thereunder by any Loan Party or any Restricted Subsidiary; 
 (g) an involuntary proceeding shall be commenced or an
involuntary petition shall be filed seeking (i) liquidation, reorganization or other relief in respect of any Borrower or any Restricted Subsidiary (other than an Immaterial Subsidiary) or its debts, or of a substantial part of its assets,
under any Federal, state or foreign bankruptcy, insolvency, receivership, arrangement or similar law now or hereafter in effect or (ii) the appointment of a receiver, trustee, custodian, sequestrator, conservator or similar official for any
Borrower or any Restricted Subsidiary (other than an Immaterial Subsidiary) or for a substantial part of its assets, and, in any such case, such proceeding or petition shall continue undismissed, undischarged or unbonded for 60 consecutive days or
an order or decree approving or ordering any of the foregoing shall be entered; 
 (h) any Borrower or any Restricted
Subsidiary (other than an Immaterial Subsidiary) shall (i) voluntarily commence any proceeding or file any petition seeking liquidation, reorganization or other relief under any Federal, state or foreign bankruptcy, insolvency, receivership,
arrangement or similar law now or hereafter in effect, (ii) consent to the institution of, or fail to contest in a timely and appropriate manner, any proceeding or petition described in clause (g) of this
Section 8.01, (iii) apply for or consent to the appointment of a receiver, trustee, custodian, sequestrator, conservator or similar official for any Borrower or any such Restricted Subsidiary (other than an Immaterial
Subsidiary) or for a substantial part of its assets, (iv) file an answer admitting the material allegations of a petition filed against it in any such proceeding, or (v) make a general assignment for the benefit of creditors; 

(i) any Borrower or any Restricted Subsidiary (other than an Immaterial Subsidiary) shall become unable, admit in writing its
inability or fail generally to pay its debts as they become due; 
 (j) one or more judgments for the payment of money in an
aggregate amount in excess of the Threshold Amount (to the extent not covered by insurance or indemnity as to which the insurer or indemnitor has not denied coverage) shall be rendered against any Borrower, any Restricted Subsidiary (other than any judgment against an Immaterial Subsidiary) or any
combination thereof and there is a period of 60 consecutive days during which a stay of enforcement of such judgment by reason of a pending appeal, payment or otherwise is not in effect; 

(k) (i) an ERISA Event shall have occurred, (ii) a Canadian Loan Party fails to make a required contribution to or payment
under any Canadian Benefit Plan when due or (iii) with respect to any Canadian Defined Benefit Plan, the occurrence of any Canadian Pension Termination Event; and in each case in clauses (i) through
(iii) above, such event or condition, together with all other such events or conditions, if any, couldwould reasonably be expected to result in a Material Adverse Effect;


  
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 (l) other than with respect to items of Collateral with a book not exceeding
the greater of
$100,000,000120,000,000
 and 2.0% of Consolidated Total Assets in the aggregate, any Lien purported to be created under any Security Document shall cease to be, or shall be asserted in writing by any Loan Party not to
be, a valid and perfected Lien on any Collateral, except (i) in connection with a release of such Collateral in accordance with the terms of this Agreement (including during a Collateral Suspension Period) or (ii) as a result ofthat results
from either (x) the Administrative Agent’s failure to (A) maintainAgent no longer having possession of any stock
certificates representing Equity Interests, promissory
notes or other instruments actually delivered to it and pledged under the Security Documents or (B) filey) a Uniform
Commercial Code filing or PPSA filing having lapsed because a Uniform Commercial Code continuation
statementsstatement
 or PPSA renewal statements or amendmentsstatement or amendment was not filed in a timely manner; 

(m) any of this Agreement or the Guaranty Agreement (other than in respect of an Immaterial Subsidiary) shall for any reason
cease to be in full force and effect in accordance with its terms after its date of execution, or any Borrower or any other Loan Party shall so state in writing, in each case other than in connection with a release of any Guarantee in accordance
with the terms of this Agreement; or 
 (n) a Change in Control shall occur; 

then, and in every such event (other than an event with respect to any Borrower described in clause (g) or (h) of this
Section 8.01), and at any time thereafter during the continuance of such event, the Administrative Agent may, and at the request of the Required Lenders shall, by notice to the Parent Borrower, take either or both of the
following actions, at the same or different times: (i) terminate the Commitments and commitments with respect to any Ancillary Facility, and thereupon the Commitments and commitments with respect to any Ancillary Facility shall terminate
immediately, and (ii) declare the Loans then outstanding and the obligations under any Ancillary Facility then outstanding to be due and payable in whole (or in part, in which case any principal not so declared to be due and payable may
thereafter be declared to be due and payable), and thereupon the principal of the Loans and the obligations under any Ancillary Facility then outstanding so declared to be due and payable, together with accrued interest thereon and all fees and
other obligations of any Borrower accrued hereunder, shall become due and payable immediately, without presentment, demand, protest, notice of intent to accelerate, notice of acceleration or other notice of any kind, all of which are hereby waived
by each Borrower; and in case of any event with respect to any Borrower described in clause (g) or (h) of this Section 8.01, the Commitments shall automatically terminate and the
principal of the Loans then outstanding and the obligations under any Ancillary Facility then outstanding, together with accrued interest thereon and all fees and other obligations of any Borrower accrued hereunder, shall automatically become due
and payable, without presentment, demand, protest, notice of intent to accelerate, notice of acceleration or other notice of any kind, all of which are hereby waived by each Borrower. In addition, if any Event of Default shall occur and be
continuing, the Administrative Agent may (and if directed by the Required Lenders, shall) foreclose or otherwise enforce any Lien granted to the Administrative Agent, for the benefit of the Secured Parties, to secure payment and performance of the
Obligations in accordance with the terms of the Loan Documents and exercise any and all rights and remedies afforded by applicable law, by any of the Loan Documents, by equity, or otherwise. 

  
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 Notwithstanding the foregoing, during any period during which solely a Financial Covenant
Event of Default has occurred and is continuing, the Administrative Agent may with the consent of, and shall at the request of, the Required
TLA/RC Lenders take any of the foregoing actions described in the
immediately preceding paragraph solely as they relate to the Revolving Lenders and Term A Lenders (versus the Lenders), the Revolving Commitments and Term A
Commitments (versus the Commitments), the Revolving Loans, the Swingline Loans
and the Term A Loans (versus the Loans), and the Letters of
Credit. 
 Section 8.02 Performance by the Administrative Agent. If any Loan Party shall fail to perform any covenant or
agreement in accordance with the terms of the Loan Documents which constitutes an Event of Default, the Administrative Agent may, at the direction of the Required Lenders, perform or attempt to perform such covenant or agreement on behalf of the
applicable Loan Party. In such event, each Borrower shall, at the request of the Administrative Agent promptly pay any amount expended by the Administrative Agent or the Lenders in connection with such performance or attempted performance to the
Administrative Agent, together with interest thereon at the interest rate provided for in Section 2.13(c) from and including the date of such expenditure to but excluding the date such expenditure is paid in full.
Notwithstanding the foregoing, it is expressly agreed that neither the Administrative Agent nor any Lender shall have any liability or responsibility for the performance of any obligation of any Loan Party under any Loan Document. 

Section 8.03 Adjustment for Ancillary Facilities. 

(a) If a notice is served by the Administrative Agent in accordance with the third to last paragraph of
Section 8.01 or any event with respect to a Borrower described in Section 8.01(g) or (h) occurs and is continuing (the “Ancillary Facility Adjustment Date”), each
Revolving Lender and each Ancillary Lender shall promptly adjust (by making or receiving (as the case may be) corresponding transfers of rights and obligations under the Loan Documents relating to Revolving Outstandings) their claims in respect of
the Revolving Loans and participations in Letters of Credit and any amounts outstanding to them under each Ancillary Facility to the extent necessary to ensure that after such transfers, the Revolving Outstandings of each Revolving Lender bear the
same proportion to the aggregate Revolving Outstandings of all the Lenders as such Lender’s Revolving Exposure bears to the aggregate Revolving Exposure of all the Lenders, each as of such Ancillary Facility Adjustment Date. 

(b) If an amount outstanding under an Ancillary Facility is a contingent liability and that contingent liability becomes an
actual liability or is reduced to zero after the original adjustment is made under paragraph (a) above, then each Revolving Lender and Ancillary Lender will make a further adjustment (by making or receiving (as the case may be)
corresponding transfers of rights and obligations under the Loan Documents relating to Revolving Outstandings to the extent necessary) to put themselves in the position they would have been in had the original adjustment been determined by reference
to the actual liability or, as the case may be, zero liability and not the contingent liability. 

  
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 (c) Any transfer of rights and obligations relating to Revolving
Outstandings made pursuant to this Section 8.03 shall be made for a purchase price in cash, payable at the time of transfer, in an amount equal to those Revolving Outstandings. 

(d) All calculations to be made pursuant to this Section 8.03 shall be made by the Administrative
Agent based upon information provided to it by the Revolving Lenders and Ancillary Lenders and the Administrative Agent’s Spot Rate. 

ARTICLE IX 
 The
Administrative Agent 
 Section 9.01 Appointment. Each of the Lenders and the Issuing Bank hereby irrevocably appoints
JPMorgan Chase Bank, N.A. as agent on its behalf, and on behalf of each of its Affiliates who are owed Obligations (each such Affiliate by acceptance of the benefits of the Loan Documents hereby ratifying such appointment) and authorizes the
Administrative Agent to take such actions on its behalf and on behalf of such Affiliates and to exercise such powers as are delegated to the Administrative Agent by the terms of the Loan Documents, together with such actions and powers as are
reasonably incidental thereto. 
 Section 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 such Person and its Affiliates may accept deposits from, lend money to and generally
engage in any kind of business with the Parent Borrower or any Subsidiary or other Affiliate thereof as if it were not the Administrative Agent hereunder. 

Section 9.03 Limitation of Duties and Immunities. The Administrative Agent shall not have any duties or obligations except those
expressly set forth in the Loan Documents. Without limiting the generality of the foregoing, (a) the Administrative Agent shall not be subject to any fiduciary or other implied duties, regardless of whether a Default has occurred and is
continuing, (b) the Administrative Agent shall not have any duty to take any discretionary action or exercise any discretionary powers, except discretionary rights and powers expressly contemplated by the Loan Documents that the Administrative
Agent is required to exercise in writing by the Required Lenders (or such other number or percentage of the Lenders as shall be necessary under the circumstances as provided in Section 10.02), and (c) except as
expressly set forth in the Loan Documents, the Administrative Agent shall not have any duty to disclose, and shall not be liable for the failure to disclose, any information relating to the Parent Borrower or any of its Subsidiaries that is
communicated to or obtained by the Person serving as Administrative Agent or any of its Affiliates in any capacity. The Administrative Agent shall not be liable for any action taken or not taken by it with the consent or at the request of the
Required Lenders (or such other number or percentage of the Lenders as shall be necessary under the circumstances as provided in Section 10.02) or in the absence of its own gross negligence or willful misconduct. The
Administrative Agent shall not be deemed to have knowledge of any Default unless and until written notice thereof is given to the Administrative Agent by the Parent Borrower or a Lender, and the Administrative Agent shall not be responsible for or
have any duty to ascertain or inquire into (i) any statement, warranty or representation made in or in connection with any Loan Document, (ii) the contents of any certificate, report or other document delivered thereunder or in connection
therewith, (iii) the performance or observance of any of the covenants, agreements or other terms or conditions set forth in any Loan Document, (iv) the validity, enforceability, effectiveness or


  
 CREDIT AGREEMENT, Page 179 












 
genuineness of any Loan Document or any other agreement, instrument or document (including, for the avoidance of doubt, in connection with the Administrative Agent’s reliance on any
Electronic Signature transmitted by telecopy, emailed pdf. or any other electronic means that reproduces an image of an actual executed signature page), or (v) the satisfaction of any condition set forth in Article IV or elsewhere in any
Loan Document, other than to confirm receipt of items expressly required to be delivered to the Administrative Agent. Other than in the case of a sub-agency delegation as set forth in
Section 9.05, in no event shall the Administrative Agent (in its capacity as such) be obligated to ascertain, monitor or inquire as to whether any Person is a Disqualified Institution or have any liability with respect to
or arising out of any assignment or participation of Commitments or Loans by the Lenders or disclosure of confidential information by the Issuing Banks or Lenders, in each case, to any Disqualified Institution. 

Section 9.04 Reliance on Third Parties. 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 believed by it to be genuine and to have been signed or sent 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 be made by the proper Person, and shall not incur any liability for relying thereon. The Administrative Agent may consult with legal counsel (who may be counsel for the Borrowers),
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. 

Section 9.05 Sub-Agents. The Administrative Agent may perform any and all its duties and
exercise its rights and powers by or through any one or more sub-agents appointed by the Administrative Agent (other than a Disqualified Institution or an Affiliate thereof). The Administrative Agent and any
such sub-agent may perform any and all its duties and exercise its rights and powers through their respective Related Parties (other than a Disqualified Institution or an Affiliate thereof). The exculpatory
provisions of this Article IX shall apply to any such sub-agent and to the Related Parties of the Administrative Agent and any such sub-agent (other than a
Disqualified Institution or an Affiliate thereof), 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. 

Section 9.06 Successor Agent. Subject to the appointment and acceptance of a successor to the Administrative Agent as provided in
this paragraph, the Administrative Agent may resign at any time by notifying the Lenders, the Issuing Bank and the Borrowers. Upon any such resignation, the Required Lenders shall have the right to appoint a successor, subject to the consent of the
Parent Borrower (which consent shall not be unreasonably withheld); provided that the Parent Borrower’s consent shall not be required if a payment or bankruptcy Event of Default exists. If no 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, then the retiring Administrative Agent may, on behalf of the Lenders and the Issuing Bank, appoint a
successor Administrative Agent which shall be a bank with an office in New York, New York, or an Affiliate of any such bank, subject to the consent of the Parent Borrower (which consent shall not be unreasonably withheld); provided that the
Parent Borrower’s consent shall not be required if a payment or bankruptcy Event of Default exists. Upon the acceptance of its appointment as Administrative Agent hereunder by a successor, such successor shall succeed to and become vested with
all the rights, powers, privileges and duties of the retiring Administrative Agent, and the retiring Administrative Agent shall be discharged from its duties and obligations hereunder (other than with respect to its obligations under
Section 10.12). The fees payable by any Borrower to a successor Administrative 

  
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Agent shall be the same as those payable to its predecessor unless otherwise agreed between the Borrowers and such successor. After the Administrative Agent’s resignation hereunder, the
provisions of this Article IX and Section 10.03 shall continue in effect for the benefit of such retiring Administrative Agent, its sub-agents and their respective Related
Parties (other than a Disqualified Institution or an Affiliate thereof) in respect of any actions taken or omitted to be taken by any of them while it was acting as Administrative Agent. Notwithstanding anything to the contrary herein, no
Disqualified Institution (nor any Affiliate thereof) may be appointed as a successor Administrative Agent or any agent in any other capacity. 

Section 9.07 Independent Credit Decisions. Each Lender acknowledges that 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 Agreement. Each Lender also acknowledges that it will, independently and
without reliance upon the Administrative Agent or any other Lender and based on such documents and information as it shall from time to time deem appropriate, continue to make its own decisions in taking or not taking action under or based upon this
Agreement, any other Loan Document or related agreement or any document furnished hereunder or thereunder. 
 Section 9.08 Other
Agents. Neither the Documentation Agents nor the Syndication Agents shall have any duties or responsibilities hereunder in their capacity as such. Goldman Sachs Bank USA and Bank of Montreal, acting under its trade name BMO Capital Markets are
hereby each appointed a Syndication Agent hereunder and each entity named as a Documentation Agent in the preamble to this Agreement is hereby each appointed Documentation Agent hereunder, and each Lender hereby authorizes such entities to act as
Syndication Agent or to act as Documentation Agent, as applicable, in accordance with the terms of this Agreement and the other Loan Documents. The Syndication Agent or any Documentation Agent, without consent of or notice to any party hereto, may
assign any and all of its rights or obligations hereunder to any of its Affiliates. As of the Effective Date, neither the entities set forth in this paragraph above in their capacity as Syndication Agent or Documentation Agent, as applicable, shall
have any obligations but shall be entitled to all benefits of this Article IX, Section 10.03 and the last paragraph of Section 10.01. Any Syndication Agent or Documentation Agent may resign
from such role at any time, with immediate effect, by giving prior written notice thereof to the Administrative Agent and the Parent Borrower. The provisions of this Article IX (other than in the case of
Section 9.01, 9.02, 9.05, 9.06,
9.10
and, 9.13 and 9.15 and this sentence of Section 9.08) are solely for the
benefit of the Administrative Agent, each Syndication Agent, each Documentation Agent and Lenders and no Loan Party shall have any rights as a third party beneficiary of any of the provisions thereof (other than with respect to
Section 9.01, 9.02, 9.05, 9.06,
9.10
and, 9.13 and 9.15 and this sentence of Section 9.08 as to which the Loan
Parties shall have the benefit and the right to enforce). As of the
SixthSeventh
 Amendment Date, the provisions of this Section 9.08 shall also apply for the benefit of the entities named as Syndication Agents and Documentation Agents on the cover hereto
pursuant to the
SixthSeventh
 Amendment. 
 Section 9.09 Powers and Immunities of Issuing Bank.
Neither the Issuing Bank nor any of its Related Parties shall be liable to the Administrative Agent or any Lender for any action taken or omitted to be taken by any of them hereunder or otherwise in connection with any Loan Document except for its
or their own gross negligence or willful misconduct. Without limiting the generality of the preceding sentence, the Issuing Bank (a) shall have no duties or responsibilities except those expressly set forth in the Loan Documents, and shall not
by reason of any Loan Document be a trustee or fiduciary for any Lender or for the Administrative Agent, (b) shall not be required to initiate any litigation or collection proceedings under 

  
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any Loan Document, (c) shall not be responsible to any Lender or the Administrative Agent for any recitals, statements, representations, or warranties contained in any Loan Document, or any
certificate or other documentation referred to or provided for in, or received by any of them under, any Loan Document, or for the value, validity, effectiveness, enforceability, or sufficiency of any Loan Document or any other documentation
referred to or provided for therein or for any failure by any Person to perform any of its obligations thereunder, (d) may consult with legal counsel (including counsel for the Borrowers), independent public accountants, and other experts
selected by it and shall not be liable for any action taken or omitted to be taken in good faith by it in accordance with the advice of such counsel, accountants, or experts, and (e) shall incur no liability under or in respect of any Loan
Document by acting upon any notice, consent, certificate, or other instrument or writing believed by it to be genuine and signed or sent by the proper party or parties. As to any matters not expressly provided for by any Loan Document, the Issuing
Bank shall in all cases be fully protected in acting, or in refraining from acting, hereunder in accordance with instructions signed by the Required Lenders, and such instructions of the Required Lenders and any action taken or failure to act
pursuant thereto shall be binding on all of the Lenders and the Administrative Agent; provided, however, that the Issuing Bank shall not be required to take any action which exposes it to personal liability or which is contrary to any Loan
Document or applicable law. 
 Section 9.10 Permitted Release of Collateral and Subsidiary Loan Parties; Intercreditor
Agreements. 
 (a) Automatic Release. 

(i) If any Collateral is the subject of a Disposition (other than to another Loan Party or to a Restricted Subsidiary that is
required to become a Loan Party as a result of such Disposition) which is permitted under Section 6.05, the Liens in the Collateral granted under the Loan Documents shall automatically terminate and the Collateral will be
disposed of free and clear of all such Liens. 
 (ii) Upon the occurrence of a Collateral Suspension Period, the Liens in the
Collateral granted under the Loan Documents shall automatically terminate. 
 (iii) If any Collateral is the subject of a
Disposition from one Loan Party to another Loan Party and as a result of such Disposition such assets would no longer be required to be Collateral pursuant to the terms hereof and/or the Agreed Security Principles, such Liens in such Collateral
granted under the Loan Documents shall be automatically released. 
 (b) Written Release. The Administrative Agent is
authorized to release of record, and shall release of record, any Liens encumbering any Collateral that is the subject of a Disposition described in clause (a) above upon an authorized officer of the Parent Borrower
certifying in writing to the Administrative Agent that the proposed Disposition of Collateral is permitted under Section 6.05. To the extent the Administrative Agent is required to execute any release documents in
accordance with the immediately preceding sentence, the Administrative Agent shall do so promptly upon request of the Parent Borrower without the consent or further agreement of any Secured Party. If the Disposition of Collateral is not permitted
under or pursuant to the Loan Documents, the Liens encumbering the Collateral may only be released in accordance with the other provisions of this Section 9.10 or the provisions of Section 10.02.


  
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 (c) Other Authorized Release and Subordination. The Administrative
Agent is irrevocably authorized by the Secured Parties, without any consent or further agreement of any Secured Party to: (i) subordinate or release the Liens granted to the Administrative Agent to secure the Obligations with respect to any
property which is permitted to be subject to a Lien of the type described in clauses (d) (to the extent such property constitutes cash or Permitted Investments), (e), (g), (h), (i), (j),
(k), (l), (m), (n), (o), (p), (r)(i)(A), (r)(ii), (u), (v), (w) (to the extent such Lien arises in connection with Indebtedness permitted by
clause (h), or, if utilized for Indebtedness of the type specified in clause (f) or (h) of Section 6.01, (v) of Section 6.01),
(x), (y), (aa), (ff), (gg) or (hh) of Section 6.02, (ii) release the Administrative Agent’s Liens upon the Date of Full Satisfaction, (iii) release and/or modify the
Administrative Agent’s Liens on the Collateral of the Foreign Subsidiary Loan Parties existing prior to the SixthSeventh Amendment Date that shall no longer constitute Foreign
Subsidiary Loan Parties and/or Collateral as of the
SixthSeventh
 Amendment Date and (iv) release any Liens granted to or held by the Administrative Agent under any Security Document during a Collateral Suspension Period, pursuant to
Section 5.11(a); provided that any subordination or release of property pursuant to clause (i) above in reliance on Section 6.02(w) shall be limited to property
which may secure Indebtedness of the type specified in Section 6.01(f), or property securing Indebtedness permitted under or of the type permitted under Section 6.01(h) as of the date of the
acquisition of the Person owning such property; provided further that if as of the date of the requested release under clause (i) or, solely with regard to the condition in
clause (A), clause (iii) above: (A) any Borrower is subject to a proceeding of the type described in clauses (g) or (h) of
Section 8.01, or (B) the Administrative Agent is applying the proceeds of Collateral in accordance with Section 2.18(f), then the Administrative Agent shall not release its Liens until the
Date of Full Satisfaction. 
 (d) Authorized Release of Subsidiary Loan Party. If the Administrative Agent
shall have received a certificate of a Responsible Officer of the Parent Borrower requesting the release of a Subsidiary Loan Party, certifying that the Administrative Agent is authorized to release such Subsidiary Loan Party because either: (1) all of the Equity Interest issued by such Subsidiary Loan Party or
the assets of such Subsidiary Loan Party have been disposed of to a non-Loan Party in a transaction permitted by Section 6.05 (or with the consent of the Required Lenders pursuant to
Section 10.02(b)) or (2) such Subsidiary Loan Party has been designated asis or shall become an Excluded Subsidiary including as a result of
becoming an Unrestricted Subsidiary in accordance with the designation provisions of the definition of the term “Unrestricted Subsidiary”; provided that if any wholly owned Subsidiary Loan Party ceases to be a wholly owned Restricted Subsidiary of the Parent Borrower
pursuant to this clause (2) as a result of a transaction with a Person that is an Affiliate of the Parent Borrower prior to giving effect to such transaction, the release of such Subsidiary Loan Party from its obligations pursuant to this
clause (2) shall only be permitted if such Equity Interests have been disposed of in a transaction the primary purpose of which (as determined by the Parent Borrower) is not for evading the guaranty and collateral requirements of the Loan
Documents; provided further that no such release shall occur if such Subsidiary Loan Party continues to be a guarantor in respect of any Existing 2026 Senior Notes, Existing 2027 Senior Notes,
Incremental Equivalent Debt, Refinancing Notes or any Refinancing Junior Loans of any Loan Party or any Permitted Refinancing of any of the foregoing; then the Administrative 

  
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Agent is irrevocably authorized by the Secured Parties, without any consent or further agreement of any Secured Party to release the Liens granted to the Administrative Agent to secure the
Obligations in the assets of such Subsidiary Loan Party and release such Subsidiary Loan Party from all obligations under the Loan Documents. To the extent the Administrative Agent is required to execute any release documents in accordance with the
immediately preceding sentence, the Administrative Agent shall do so promptly upon request of the Parent Borrower without the consent or further agreement of any Secured Party; and 

(e) Intercreditor Agreements. The Administrative Agent is authorized to enter into any intercreditor agreement
contemplated hereby with respect to Indebtedness that is (i) required or permitted to be subordinated hereunder and/or (ii) secured by Liens and which Indebtedness contemplates an intercreditor, subordination or collateral trust agreement
(any such intercreditor agreement, an “Additional Agreement”), and the parties hereto acknowledge that any Additional Agreement is binding upon them. Each Lender and Issuing Bank (a) hereby agrees that it will be bound by, and
will not take any action contrary to, the provisions of any Additional Agreement and (b) hereby authorizes and instructs the Administrative Agent to enter into any Additional Agreement and to subject the Liens on the Collateral securing the
Obligations to the provisions thereof. The foregoing provisions are intended as an inducement to the Secured Parties to extend credit to the Borrowers, and the Secured Parties are intended third-party beneficiaries of such provisions and the
provisions of any Additional Agreement. 
 Section 9.11 Perfection by Possession and Control. The Administrative Agent hereby
appoints each of the other Lenders to serve as bailee to perfect the Administrative Agent’s Liens in any Collateral (other than deposit, securities or commodity accounts) in the possession of any such other Lender and each Lender possessing any
such Collateral agrees to so act as bailee for the Administrative Agent in accordance with the terms and provisions hereof. 

Section 9.12 Lender Affiliates Rights. By accepting the benefits of the Loan Documents, any Affiliate of a Lender that is owed any
Obligation is bound by the terms of the Loan Documents. But notwithstanding the foregoing: (a) neither the Administrative Agent, any Lender nor any Loan Party shall be obligated to deliver any notice or communication required to be delivered to
any Lender under any Loan Documents to any Affiliate of any Lender; and (b) no Affiliate of any Lender that is owed any Obligation shall be included in the determination of the Required Lenders or entitled to consent to, reject, or participate
in any manner in any amendment, waiver or other modification of any Loan Document. The Administrative Agent shall not have any liabilities, obligations or responsibilities of any kind whatsoever to any Affiliate of any Lender who is owed any
Obligation. The Administrative Agent shall deal solely and directly with the related Lender of any such Affiliate in connection with all matters relating to the Loan Documents. The Obligation owed to such Affiliate shall be considered the Obligation
of its related Lender for all purposes under the Loan Documents and such Lender shall be solely responsible to the other parties hereto for all the obligations of such Affiliate under any Loan Document. 

Section 9.13 Actions in Concert. Notwithstanding anything contained in any of the Loan Documents, each Borrower, the
Administrative Agent and each Lender hereby agree that (A) no Lender shall have any right individually to realize upon any of the Collateral under any Security Documents or to enforce the guarantee set forth in the Guaranty Agreement, it being
understood and agreed that all powers, rights and remedies under the Guaranty Agreement and the other Security Documents may be exercised 

  
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solely by the Administrative Agent for the benefit of the Secured Parties in accordance with the terms thereof and (B) in the event of a foreclosure by the Administrative Agent on any of the
Collateral pursuant to a public or private sale, the Administrative Agent or any Lender may be the purchaser of any or all of such Collateral at any such sale and the Administrative Agent, as agent for and representative of the Lenders (but not any
Lender or Lenders in its or their respective individual capacities unless the Required Lenders shall otherwise agree in writing), shall be entitled, for the purpose of bidding and making settlement or payment of the purchase price for all or any
portion of the Collateral sold in any such public sale, to use and apply any of the Obligations as a credit on account of the purchase price for any Collateral payable by the Administrative Agent at such sale. 

Section 9.14 Certain Canadian Matters. For greater certainty, and without limiting the powers of the Administrative Agent or any
other person acting as an agent, attorney-in-fact or mandatory for the Administrative Agent under this Agreement or under any of the other Loan Documents, and for the
purposes of holding any security granted by a Borrower or any other Loan Party pursuant to the laws of the Province of Quebec to secure payment of any bond issued by a Borrower or any Loan Party, each Lender hereby irrevocably appoints and
authorizes the Administrative Agent to act as the person holding the power of attorney (i.e. “fondé de pouvoir”) (in such capacity, the “Attorney”) of the Lenders as contemplated under Article 2692 of the
Civil Code of Québec, and to enter into, to take and to hold on its behalf, and for its benefit, any hypothec, and to exercise such powers and duties that are conferred upon the Attorney under any hypothec. Moreover, without prejudice to such
appointment and authorization to act as the person holding the power of attorney as aforesaid, each Lender hereby irrevocably appoints and authorizes the Administrative Agent (in such capacity, the “Custodian”) to act as agent and
custodian for and on behalf of the Lenders to hold and be the sole registered holder of any bond which may be issued under any hypothec, the whole notwithstanding Section 32 of An Act respecting the special powers of legal persons (Quebec) or
any other applicable law, and to execute all related documents. Each of the Attorney and the Custodian shall: (a) have the sole and exclusive right and authority to exercise, except as may be otherwise specifically restricted by the terms
hereof, all rights and remedies given to the Attorney and the Custodian (as applicable) pursuant to any hypothec, bond, pledge, applicable laws or otherwise, (b) benefit from and be subject to all provisions hereof with respect to the
Administrative Agent mutatis mutandis, including, without limitation, all such provisions with respect to the liability or responsibility to and indemnification by the Lenders, and (c) be entitled to delegate from time to time any of its
powers or duties under any hypothec, bond, or pledge on such terms and conditions as it may determine from time to time. Any person who becomes a Lender shall, by its execution of an Assignment and Assumption, be deemed to have consented to and
confirmed: (i) the Attorney as the person holding the power of attorney as aforesaid and to have ratified, as of the date it becomes a Lender, all actions taken by the Attorney in such capacity, and (ii) the Custodian as the agent and
custodian as aforesaid and to have ratified, as of the date it becomes a Lender, all actions taken by the Custodian in such capacity. The Substitution of the Administrative Agent pursuant to the provisions of this Article 8 shall also constitute the
substitution of the Attorney and the Custodian. 

Section 
9.15 Erroneous Payments. 

(a)
 Each Lender hereby agrees that (i) if the
Administrative Agent notifies such Lender that the Administrative Agent has determined in its sole discretion that any funds received by such Lender from the Administrative Agent or any of its Affiliates (whether as a payment, prepayment or
repayment of principal, interest, fees or otherwise; individually and collectively, a 

  
 CREDIT AGREEMENT, Page 185 












 
“Payment”) were erroneously transmitted to such Lender
(whether or not known to such Lender), and demands the return of such Payment (or a portion thereof), such Lender shall promptly, but in no event later than one Business Day thereafter, return to the Administrative Agent the amount of any such
Payment (or portion thereof) as to which such a demand was made in same day funds, together with interest thereon in respect of each day from and including the date such Payment (or portion thereof) was received by such Lender to the date such
amount is repaid to the Administrative Agent at the greater of the NYFRB Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation from time to time in effect, and (ii) to the
extent permitted by applicable law, such Lender shall not assert, and hereby waives, as to the Administrative Agent, any claim, counterclaim, defense or right of set-off or recoupment with respect to any
demand, claim or counterclaim by the Administrative Agent for the return of any Payments received, including without limitation any defense based on “discharge for value” or any similar doctrine. A notice of the Administrative Agent to any
Lender under this Section 9.15 shall be conclusive, absent manifest error. 

(b)
 Each Lender hereby further agrees that if it receives a Payment from the Administrative Agent or any of its Affiliates (i) that is in a different amount than, or on a different date from, that specified in a notice of payment sent by the
Administrative Agent (or any of its Affiliates) with respect to such Payment (a “Payment Notice”) or (ii) that was not preceded or accompanied by a Payment Notice, it shall be on notice, in each such case, that an error has been made
with respect to such Payment. Each Lender agrees that, in each such case, or if it otherwise becomes aware a Payment (or portion thereof) may have been sent in error, such Lender shall promptly notify the Administrative Agent of such occurrence and,
upon demand from the Administrative Agent, it shall promptly, but in no event later than one Business Day thereafter, return to the Administrative Agent the amount of any such Payment (or portion thereof) as to which such a demand was made in same
day funds, together with interest thereon in respect of each day from and including the date such Payment (or portion thereof) was received by such Lender to the date such amount is repaid to the Administrative Agent at the greater of the NYFRB Rate
and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation from time to time in effect. 

(c)
 Each party hereto hereby agrees that (x) in the event an erroneous Payment (or portion thereof) is not recovered from any Lender that has received such Payment (or portion thereof) for any reason, the Administrative Agent shall be subrogated
to all the rights of such Lender with respect to such amount and (y) an erroneous Payment shall not pay, prepay, repay, discharge or otherwise satisfy any Obligations owed by any Borrower or any other Loan Party, except, in each case, to the
extent the Administrative Agent or any of its Affiliates receives funds from (or at the direction of) any Borrower or any other Loan Party in respect of the Obligations or such erroneous Payment is made with or on account of the proceeds of a
payment made by (or at the direction of) the Borrowers or any other Loan Party to the Administrative Agent or any of its Affiliates for the purpose of satisfying an Obligation in accordance with the terms of this Agreement. 

(d)
 Each party’s obligations under this Section 9.15 shall survive the resignation or replacement of the Administrative Agent or any transfer of rights or obligations by, or the replacement of, a Lender, the termination of the Commitments or the repayment, satisfaction or discharge of all Obligations
under any Loan Document. 

  
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 ARTICLE X 

Miscellaneous 

Section 10.01 Notices. Except in the case of notices and other communications expressly permitted to be given by telephone or
other means, all notices and other communications provided for herein shall be in writing and (to the extent permitted by the applicable notice provision) shall be delivered by hand or overnight courier service, mailed by certified or registered
mail or sent by telecopy or email, as follows: 
 (i) if to the Parent Borrower or any other Loan Party, to it at 5601 N.
MacArthur Blvd. Irving, Texas, 75038, Attention of Brad Phillips, Executive Vice President and Chief Financial Officer (Telecopy: 972.281.4449); email: bphillips@darlingii.com, with a copy to Martijn van Steenpaal, Vice President and Treasurer
(Telecopy: 972.281.4812); email: mvansteenpaal@darlingii.com. 
 (ii) if to the Administrative Agent, for notice regarding a
Multicurrency Revolving Loan, to J.P. Morgan Europe Limited, Loans Agency, 6th Floor, 25 Bank Street, Canary Wharf, London, El 4 5JP, Attention: Loans. Agency; Fax: +44 (0)207 777 2360; email: loan_and_agency_london@jpmorgan.com. 

(iii) if to the Administrative Agent, for any other notice herein (other than updates to the list of Disqualified
Institutions), to JPMorgan Chase Bank, N.A., Loan and Agency Services Group, 10 S. Dearborn St., Floor L2, Chicago, IL 60603; attention: April Yebd; Telephone:
312-732-2628; Telecopy: 844-490-5663; email: april.yebd@jpmorgan.com and
jpm.agency.servicing.1@jpmorgan.com with a copy to JPMorgan Chase Bank, N.A., 2200 Ross Avenue, Third Floor, Dallas, Texas 75201, Attention: Gregory T. Martin, Telephone: 214.965.2171; Telecopy: 214.965.2044; email: gregory.t.martin@jpmorgan.com.

 (iv) if to the Administrative Agent, for any update to the list of Disqualified Institutions: to
JPMDQ_Contact@jpmorgan.com, with a copy (which shall not constitute notice) to the contacts set forth in clause (ii) above. 

(v) if to any other Lender, to it at its address (or telecopy number) set forth in its Administrative Questionnaire. 

Notices and other communications to the Lenders hereunder may be delivered or furnished by electronic communications pursuant to procedures approved by the
Administrative Agent; provided that the foregoing shall not apply to notices pursuant to Article II unless otherwise agreed by the Administrative Agent and the applicable Lender. Each of the Administrative Agent or each Borrower may,
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


  
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or communications. Any party hereto may change its address or telecopy number for notices and other communications hereunder by notice to the other parties hereto. All notices and other
communications given to any party hereto in accordance with the provisions of this Agreement shall be deemed to have been given on the date of receipt. 

Each Loan Party understands that the distribution of material through an electronic medium is not necessarily secure and that there are confidentiality and
other risks associated with such distribution and agrees and assumes the risks associated with such electronic distribution, except to the extent caused by the gross negligence, bad faith or willful misconduct of, or a material breach of any
obligations under the Loan Documents by, any agent hereunder, as determined by a final, non-appealable judgment of a court of competent jurisdiction. The Platform and any Approved Electronic Communications are
provided “as is” and “as available” and none of the agents party hereto nor any of their Related Parties warrant the accuracy, adequacy, or completeness of the Approved Electronic Communications or the Platform and each expressly
disclaims liability for errors or omissions in the Platform and the Approved Electronic Communications. 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 the agents party hereto nor any of their Related Parties in connection with the Platform or the Approved Electronic
Communications. 
 Section 10.02 Waivers; Amendments. 

(a) No Waiver; Rights Cumulative. No failure or delay by the Administrative Agent, the Issuing Bank or any Lender in
exercising any right or power hereunder or under any other Loan Document shall operate as a waiver thereof, nor shall any single or partial exercise of any such right or power, or any abandonment or discontinuance of steps to enforce such a right or
power, preclude any other or further exercise thereof or the exercise of any other right or power. The rights and remedies of the Administrative Agent, the Issuing Bank and the Lenders hereunder and under the other Loan Documents are cumulative and
are not exclusive of any rights or remedies that they would otherwise have. No waiver of any provision of any Loan Document or consent to any departure by any Loan Party therefrom shall in any event be effective unless the same shall be permitted by
paragraph (b) of this Section 10.02, and then such waiver or consent shall be effective only in the specific instance and for the purpose for which given. Without limiting the generality of the foregoing, the
making of a Loan or issuance of a Letter of Credit shall not be construed as a waiver of any Default, regardless of whether the Administrative Agent, any Lender or the Issuing Bank may have had notice or knowledge of such Default at the time. 

(b) Amendments. Subject to Section 2.14(b), neither this Agreement nor any other Loan Document
nor any provision hereof or thereof may be waived, amended or modified except (i) pursuant to an Incremental Assumption Agreement executed in accordance with the terms and conditions of Section 2.20 and (ii) in
the case of this Agreement and any circumstance other than as described in clause (i) pursuant to an agreement or agreements in writing entered into by or with the consent of the Borrowers and the Required Lenders or, in
the case of any other Loan Document, pursuant to an agreement or agreements in writing entered into by the Administrative Agent and the Loan Party or Loan Parties that are parties thereto in each case with the consent of the Required Lenders;
provided that no such agreement shall, (A) without the written consent of each Lender directly and adversely affected thereby (but not the Required Lenders) (1) increase 

  
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the Commitment of any Lender (it being understood that a waiver of any condition precedent in Section
4.01, Section 4.03 or Section 4.04 or the waiver of any Default, Event of
Default, mandatory prepayment or mandatory reduction of the Commitments shall not be an increase of a Commitment of any Lender), (2) reduce the principal amount of any Loan or LC Disbursement or reduce the rate of interest thereon (other than
interest accruing pursuant to Section 2.13(c) or a waiver thereof), extend the scheduled date of any interim amortization of any Loan or reduce any fees payable hereunder, (it being understood that any change to the
definition of “Total Leverage Ratio” or in the component definitions thereof shall not constitute a reduction in the rate of interest or fees thereon), (3) postpone the scheduled date of payment of any interest on any Loan or LC
Disbursement (other than interest accruing pursuant to Section 2.13(c) or a waiver thereof), or any fees payable hereunder, or reduce the amount of, waive or excuse any such payment, (4) postpone the final scheduled
date of payment of the principal amount of any Loan or LC Disbursement, (5) postpone the scheduled date of expiration of any Commitment (it being understood that a waiver of any condition precedent in Section 4.01, Section 4.03 or Section 4.04 or the waiver of any Default or Event of Default,
mandatory prepayment or mandatory reduction of the Commitments shall not be an extension of a Commitment of any Lender), or (6) change the currency in which any Loan or Commitment of any Lender is denominated without the written consent of such
Lender (it being understood that designations of additional Alternative Currencies in accordance with the definition thereof shall not constitute a change of currency for purposes of this clause (6)), (B) waive any condition precedent in Section 4.03 without the consent of the Required TLB
Lenders[reserved] and (C) without the written
consent of each Lender (1) change any of the provisions of this Section or the definition of “Required Lenders,”, “Required
TLA/RC Lenders” or “Required TLB Lenders”
(or for the avoidance of doubt any provision that requires the consent of all Lenders or all directly affected Lenders) (2) release all or substantially all of the value of the Guarantees of the Obligations by the Subsidiary Loan Parties (it
being understood that the Foreign Collateral Reallocation shall not be deemed a release of Guarantees), (3) release all or substantially all of the Collateral from the Liens of the Security Documents (it being understood that (A) the
determination that any assets acquired after the Effective Date shall not constitute Collateral and (B) the Foreign Collateral Reallocation, in each case, shall not be deemed a release of Collateral); provided that, during a
Collateral Suspension Period, (x) the Administrative Agent may release all or substantially all of the of the Collateral from any Lien granted to or held by the Administrative Agent under the Security Documents, without the consent of any
Lender and (y) the Required Lenders may waive or amend any requirement to reinstate Collateral following a Collateral Suspension Period or (4) change Section 2.18(b), (c) or (f) in a manner that would alter
the pro rata sharing of payments required thereby (except that modifications to such pro rata sharing provisions in connection with (x) loan buy back or similar programs, (y) “amend and extend” transactions or (z) adding one or
more tranches of Loans (which may but are not required to be new money tranches of Loans), which, in each case, shall only require the written consent of the Required Lenders and each Lender participating in such transaction); provided
further that (1) no such agreement shall amend, modify or otherwise affect the rights or duties of the Administrative Agent, the Issuing Bank or the Swingline Lender without the prior written consent of the Administrative Agent, the
Issuing Bank or the Swingline Lender, as the case may be, and (2) notwithstanding the terms of clause (ii) above, any waiver, amendment or modification of this Agreement that by its terms affects the rights or duties under this
Agreement of the Revolving Lenders and/or the Term A
Lenders (but not the Term B Lenders) or the Term B Lenders (but not the Revolving
Lenders and/or the Term A Lenders) may be effected by an
agreement or agreements in writing entered into by the Borrowers and requisite percentage in interest of the affected Class of Lenders. 

  
 CREDIT AGREEMENT, Page 189 












 Notwithstanding anything in this Agreement (including, without limitation, this
Section 10.02(b)) or any other Loan Document to the contrary: 
 (i) this Agreement and the other
Loan Documents may be amended to effect an incremental facility or refinancing facility pursuant to Section 2.20 or 2.22 (and the Administrative Agent and the Borrowers may effect such amendments to this Agreement
and the other Loan Documents without the consent of any other party as may be necessary or appropriate, in the reasonable opinion of the Administrative Agent and the Parent Borrower, to effect the terms of any such incremental facility or
refinancing facility); 
 (ii) no Lender consent is required to effect any amendment or supplement to any intercreditor
agreement or arrangement permitted under this Agreement that is for the purpose of adding the holders of any Indebtedness as expressly contemplated by the terms of such intercreditor agreement or arrangement permitted under this Agreement, as
applicable (it being understood that any such amendment or supplement may make such other changes to the applicable intercreditor agreement as, in the good faith determination of the Administrative Agent, are required to effectuate the foregoing and
provided that such other changes are not adverse, in any material respect, to the interests of the Lenders); provided, further, that no such agreement shall amend, modify or otherwise affect the rights or duties of the
Administrative Agent hereunder or under any other Loan Document without the prior written consent of the Administrative Agent; 

(iii) any provision of this Agreement or any other Loan Document may be amended by an agreement in writing entered into by the
Borrowers and the Administrative Agent to cure any ambiguity, omission, mistake, defect or inconsistency and such amendment shall be deemed approved by the Lenders if the Lenders shall have received at least five (5) Business Days’ prior
written notice of such change and the Administrative Agent shall not have received, within five (5) Business Days of the date of such notice to the Lenders, a written notice from the Required Lenders stating that the Required Lenders object to
such amendment; and 
 (iv) guarantees, collateral documents and related documents executed by Loan Parties in connection
with this Agreement may be in a form reasonably determined by the Administrative Agent and may be, together with any other Loan Document, entered into, amended, supplemented or waived, without the consent of any other person, by the applicable Loan
Party or Loan Parties and the Administrative Agent in its sole discretion, to (A) effect the granting, perfection, protection, expansion or enhancement of any security interest in any Collateral or additional property to become Collateral for
the benefit of the Secured Parties, (B) as required by local law to give effect to, or protect any security interest for the benefit of the Secured Parties, in any property or so that the security interests therein comply with applicable
requirements of law, or (C) to cure ambiguities, omissions, mistakes or defects or to cause such guarantee, collateral security document or other document to be consistent with this Agreement and the other Loan Documents; and 

(v) Schedule 2.01 may be amended by the mutual written agreement of the Parent Borrower and any Issuing Bank (with
notice to the Administrative Agent) solely in order to establish, increase or decrease the Issuing Bank Sublimit of such Issuing Bank in accordance with Section 2.05(i), the definition of Issuing Bank and/or the definition
of “Issuing Bank Sublimit”. 

  
 CREDIT AGREEMENT, Page 190 












 Notwithstanding the foregoing, only the consent of the Required TLA/RC Lenders shall be required to (and only the Required TLA/RC Lenders shall have the ability to) waive, amend, supplement or
modify the covenants set forth in Sections 7.01, 7.02 and 7.03 (including any defined terms as they relate thereto). 

For the avoidance of doubt, the amendments to this Section 10.02 pursuant to the Sixth Amendment relating to a
Collateral Suspension Period shall become effective upon the earlier of (x) the date each Term B Lender consents to the release of Collateral pursuant to Section 5.11(a) or (y) the date on which the Term B Loans
are paid in full. 
 Section 10.03 Expenses; Indemnity; Limitation of Liability; Etc. 

(a) Expenses. Each Borrower shall pay, within 30 days of a written demand therefor (together with reasonable backup
documentation supporting such reimbursement request), (i) all reasonable out-of-pocket expenses incurred by the Administrative Agent and its Affiliates, including the
reasonable fees, charges and disbursements of counsel (limited to one primary counsel for the Administrative Agent and the Lenders, taken as a whole, and one additional counsel in each relevant material jurisdiction), in connection with the
syndication of the credit facilities provided for herein, the preparation, execution, delivery and administration of the Loan Documents or any amendments, modifications or waivers of the provisions thereof (whether or not the transactions
contemplated hereby or thereby shall be consummated), in connection with the enforcement or protection of its rights in connection with the Loan Documents, including its rights under this Section 10.03, or in connection
with the Loans made or Letters of Credit issued hereunder, including all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in
respect of such Loans or Letters of Credit; (ii) all reasonable out-of-pocket expenses incurred by the Issuing Bank in connection with the issuance, amendment,
renewal or extension of any Letter of Credit or any demand for payment thereunder and (iii) all out-of-pocket expenses incurred by the Administrative Agent, the
Issuing Bank or any Lender, including the fees, charges and disbursements of counsel (limited to one counsel to the Administrative Agent and the Lenders, taken as a whole, one additional counsel in each jurisdiction in which any Collateral is
located or any proceedings are held and, in the case of an actual or perceived conflict of interest, one additional counsel to the Lenders, taken as a whole), in connection with the enforcement or protection of its rights in connection with the Loan
Documents, including its rights under this Section 10.03, or in connection with the Loans made or Letters of Credit issued hereunder. 

(b) Indemnity. EACH BORROWER SHALL INDEMNIFY THE ADMINISTRATIVE AGENT, THE ISSUING BANK AND EACH LENDER, AND EACH
RELATED PARTY OF ANY OF THE FOREGOING PERSONS (EACH SUCH PERSON BEING CALLED AN “INDEMNITEE”) AGAINST, AND HOLD EACH INDEMNITEE HARMLESS FROM, ANY AND ALL LOSSES, CLAIMS, DAMAGES, LIABILITIES AND RELATED EXPENSES, INCLUDING THE
FEES, CHARGES AND DISBURSEMENTS OF ANY COUNSEL FOR ANY INDEMNITEE (LIMITED TO ONE COUNSEL TO THE 

  
 CREDIT AGREEMENT, Page 191 












 
INDEMNITEES, TAKEN AS A WHOLE, AND ONE ADDITIONAL COUNSEL IN EACH JURISDICTION IN WHICH ANY COLLATERAL IS LOCATED OR ANY PROCEEDINGS ARE HELD AND, IN THE CASE OF AN ACTUAL OR PERCEIVED CONFLICT
OF INTEREST, ONE ADDITIONAL COUNSEL TO THE INDEMNITEES, TAKEN AS A WHOLE), INCURRED BY OR ASSERTED AGAINST ANY INDEMNITEE ARISING OUT OF, IN CONNECTION WITH, OR AS A RESULT OF (I) THE SYNDICATION OF THE COMMITMENTS OR THE LOANS, THE EXECUTION
OR DELIVERY OF ANY LOAN DOCUMENT OR ANY OTHER AGREEMENT OR INSTRUMENT CONTEMPLATED HEREBY, THE PERFORMANCE BY THE PARTIES TO THE LOAN DOCUMENTS OF THEIR RESPECTIVE OBLIGATIONS THEREUNDER OR THE CONSUMMATION OF THE TRANSACTIONS, ANY ACQUISITION
PERMITTED HEREBY OR ANY OTHER TRANSACTIONS CONTEMPLATED HEREBY, (II) ANY LOAN OR LETTER OF CREDIT OR THE USE OF THE PROCEEDS THEREFROM (INCLUDING ANY REFUSAL BY THE ISSUING BANK TO HONOR A DEMAND FOR PAYMENT UNDER A LETTER OF CREDIT IF THE
DOCUMENTS PRESENTED IN CONNECTION WITH SUCH DEMAND DO NOT STRICTLY COMPLY WITH THE TERMS OF SUCH LETTER OF CREDIT), (III) ANY ACTUAL OR ALLEGED PRESENCE OR RELEASE OF HAZARDOUS MATERIALS ON OR FROM ANY PROPERTY CURRENTLY OR FORMERLY OWNED OR
OPERATED BY THE PARENT BORROWER OR ANY OF ITS SUBSIDIARIES, OR ANY ENVIRONMENTAL LIABILITY RELATED IN ANY WAY TO THE PARENT BORROWER OR ANY OF ITS SUBSIDIARIES, OR (IV) ANY ACTUAL OR PROSPECTIVE CLAIM, LITIGATION, INVESTIGATION, ACTION, SUIT,
ARBITRATION OR ADMINISTRATIVE, JUDICIAL OR REGULATORY ACTION OR PROCEEDING IN ANY JURISDICTION RELATING TO ANY OF THE FOREGOING (EACH, A “PROCEEDING”), WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY AND REGARDLESS OF WHETHER OR
NOT SUCH PROCEEDING IS BROUGHT BY THE BORROWER OR ANY OTHER LOAN PARTY OR ITS OR THEIR RESPECTIVE AFFILIATES, CREDITORS OR ANY OTHER PERSON; PROVIDED THAT SUCH INDEMNITY SHALL NOT, AS TO ANY INDEMNITEE, BE AVAILABLE TO THE EXTENT THAT SUCH
LOSSES, CLAIMS, DAMAGES, LIABILITIES OR RELATED EXPENSES RESULTED FROM THE GROSS NEGLIGENCE, BAD FAITH OR WILLFUL MISCONDUCT OF, OR A MATERIAL BREACH OF ANY OBLIGATION UNDER THE LOAN DOCUMENTS BY, SUCH INDEMNITEE AS DETERMINED BY A FINAL, NON-APPEALABLE JUDGEMENT OF A COURT OF COMPETENT JURISDICTION OR ANY DISPUTE SOLELY AMONG THE INDEMNITEES (OTHER THAN A COMMITMENT PARTY, AN ARRANGER OR THE ADMINISTRATIVE AGENT ACTING IN THEIR RESPECTIVE CAPACITY
AS SUCH) AND NOT ARISING OUT OF ANY ACT OR OMISSION OF THE PARENT BORROWER OR ANY OF ITS SUBSIDIARIES OR RELATED TO THE PRESENCE OR RELEASE OF HAZARDOUS MATERIALS OR VIOLATIONS OF ENVIRONMENTAL LAWS THAT FIRST OCCUR AT A PROPERTY OWNED OR LEASED BY
PARENT BORROWER OR ITS SUBSIDIARIES AFTER SUCH PROPERTY IS TRANSFERRED TO AN INDEMNITEE OR ITS SUCCESSORS OR ASSIGNS BY WAY OF A FORECLOSURE, DEED–IN–LIEU OF FORECLOSURE OR SIMILAR TRANSFER. NOTWITHSTANDING THE FOREGOING, EACH INDEMNITEE
SHALL BE OBLIGATED TO REFUND AND RETURN ANY AND ALL AMOUNTS PAID BY THE BORROWERS OR ANY OTHER LOAN PARTY UNDER THIS PARAGRAPH TO SUCH INDEMNITEE FOR ANY SUCH FEES, EXPENSES OR DAMAGES TO THE EXTENT SUCH INDEMNITEE IS NOT ENTITLED TO PAYMENT OF SUCH
AMOUNT IN ACCORDANCE WITH THE TERMS HEREOF. 

  
 CREDIT AGREEMENT, Page 192 












 (c) Lender’s Agreement to Pay. To the extent that any Borrower
fails to pay any amount required to be paid by it to the Administrative Agent, the Issuing Bank or the Swingline Lender under paragraph (a) or (b) of this Section 10.03, each Lender severally agrees to
pay to the Administrative Agent, the Issuing Bank or the Swingline Lender, 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) of such unpaid
amount; 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, the Issuing Bank or the Swingline Lender in its
capacity as such. For purposes hereof, a Lender’s “pro rata share” shall be determined based upon its share of the sum of the total Revolving Exposures, outstanding Term Loans and unused Commitments at the time. 

(d) Payment. Unless otherwise specified, all amounts due under this Section 10.03 shall be
payable not later than 30 days after written demand therefor. 
 Section 10.04 Successors and Assigns. 

(a) Successors and Assigns. 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 (including any Affiliate of the Issuing Bank that issues any Letter of Credit), except that (i) the Borrowers may not assign or otherwise transfer any of their rights
or obligations hereunder without the prior written consent of each Lender under each Credit Facility with respect to which such Borrower is a Borrower, except as otherwise permitted under Section 6.03 (and any attempted
assignment or transfer by any Borrower without such consent shall be null and void) and (ii) no Lender may assign or otherwise transfer its rights or obligations hereunder except in accordance with this Section 10.04.
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 (including any Affiliate of the Issuing Bank that issues any
Letter of Credit and any Secured Party related to any Lender), Participants (to the extent provided in paragraph (c) of this Section 10.04) and, to the extent expressly contemplated hereby, the Secured Parties
and other Related Parties of each of the Administrative Agent, the Issuing Bank and the Lenders), any legal or equitable right, remedy or claim under or by reason of this Agreement. 

(b) Assignment. (i) Subject to the conditions set forth in paragraph (b)(ii) below, any Lender may assign to
one or more assignees except to any natural person, any Defaulting Lender or any Disqualified Institution (it being understood assignments to the Parent Borrower and its Subsidiaries shall be made in accordance with paragraph (e) below) all or
a portion of its rights and obligations under this Agreement (including all or a portion of its Commitment and the Loans at the time owing to it) with the prior written consent (such consent not to be unreasonably withheld, delayed or conditioned)
of: 

  
 CREDIT AGREEMENT, Page 193 












 (A) the Parent Borrower; provided that no consent of the Parent
Borrower shall be required for (1) an assignment of (x) any Revolving Commitment to an assignee that is a Lender with a Revolving Commitment immediately prior to giving effect to such assignment or (y) all or any portion of a Term
Loan to a Lender, an Affiliate of a Lender or an Approved Fund or (2) if an Event of Default under Sections 8.01(a), (b), (g) or (h) exists, an assignment to any other assignee; and
provided, further, that the Parent Borrower shall be deemed to have consented to any such assignment of Term B Loans unless the Parent Borrower shall object thereto by written notice to the Administrative Agent within twelve
(12) Business Days after having received notice thereof; 
 (B) the Administrative Agent; provided that no
consent of the Administrative Agent shall be required for an assignment of all or any portion of a Term Loan to a Lender, an Affiliate of a Lender or an Approved Fund; and 

(C) to the extent the assignment relates to the Revolving Facility, any Issuing Bank that has issued Letters of Credit in an
aggregate face amount in excess of $5,000,000. 
 (ii) Assignments shall be subject to the following additional conditions:

 (A) except in the case of an assignment to a Lender, an Affiliate of a Lender or an Approved Fund or an assignment of the
entire remaining amount of the assigning Lender’s Commitment or Loans of any Class, the amount of the Commitment or 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) shall not be less than (1) $1,000,000 in the case of the Term Facility and (2) $5,000,000 in the case of the Revolving Facility unless each of the Parent Borrower and the
Administrative Agent otherwise consent (such consent not to be unreasonably withheld, delayed or conditioned); 
 (B) each
partial assignment shall be made as an assignment of a proportionate part of all the assigning Lender’s rights and obligations under this Agreement; provided that this clause shall not be construed to prohibit the assignment of a
proportionate part of all the assigning Lender’s rights and obligations in respect of one Class of Commitments or Loans; 

(C) the parties to each assignment shall execute and deliver to the Administrative Agent an Assignment and Assumption,
together with a processing and recordation fee of $3,500 (which fee may be waived or reduced in the sole discretion of the Administrative Agent); and 

(D) the assignee, if it shall not be a Lender, shall deliver to the Administrative Agent an Administrative Questionnaire in
which the assignee designates one or more credit contacts to whom all syndicate-level information (which may contain material non-public information about the Loan Parties and their related parties or their
respective securities) will be made available and who may receive such information in accordance with the assignee’s compliance procedures and applicable laws, including Federal and state securities laws. 

  
 CREDIT AGREEMENT, Page 194 












 The amount transferred to a new lender or transferee in relation to a Loan or Commitment
made to a Dutch Borrower shall be at least €100,000 (or its equivalent in another currency). 
 (iii) Subject to
acceptance and recording thereof pursuant to paragraph (b)(iv) of this Section 10.04, from and after the effective date specified in each Assignment and Assumption, the Eligible Assignee thereunder shall be a party
hereto and, to the extent of the interest assigned by such Assignment and Assumption, have the rights and obligations of a Lender under this Agreement (including with respect to any Ancillary Facility), and the assigning Lender thereunder shall, to
the extent of the interest assigned by such Assignment and Assumption, be released from its obligations under this Agreement (and, in the case of an Assignment and Assumption covering all of the assigning Lender’s rights and obligations under
this Agreement, such Lender shall cease to be a party hereto but shall continue to be entitled to the benefits of Sections 2.15, 2.16, 2.17 and 10.03). Any assignment or transfer by a Lender of rights
or obligations under this Agreement that does not comply with this Section 10.04 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
paragraph (c) of this Section 10.04. 
 (iv) The Administrative Agent, acting for this
purpose as an agent of the Borrowers, shall maintain at one of its offices a copy of each Assignment and Assumption delivered to it and a register for the recordation of the names and addresses of the Lenders, and the Commitment of, and principal
amount (and stated interest) of the Loans and LC Disbursements 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
Borrowers, the Administrative Agent, the Issuing Bank 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, notwithstanding notice to the
contrary. The Register shall be available for inspection by any Borrower, the Issuing Bank and any Lender, at any reasonable time and from time to time upon reasonable prior notice (it being understood that no Lender shall be entitled to view any
information in the Register except such information contained therein with respect to the Class and amount of Obligations owing to such Lender). 

(v) Upon its receipt of a duly completed Assignment and Assumption executed by an assigning Lender and an Eligible Assignee,
the Eligible Assignee’s completed Administrative Questionnaire (unless the Eligible Assignee shall already be a Lender hereunder), the processing and recordation fee referred to in paragraph (b) of this
Section 10.04 and any written consent to such assignment required by paragraph (b) of this Section 10.04, the Administrative Agent shall accept such Assignment and Assumption and record
the information contained therein in the Register; provided that if either the assigning Lender or the Eligible Assignee shall have failed to make any payment required to be made by it pursuant to Sections 2.04(c),
2.05(d) or (e), 2.06(b), 2.18(c) or (d) or 10.03(c), the Administrative Agent shall have no obligation to accept such Assignment and 

  
 CREDIT AGREEMENT, Page 195 












 
Assumption and record the information therein in the Register unless and until such payment shall have been made in full, together with all accrued interest thereon. No assignment shall be
effective for purposes of this Agreement unless it has been recorded in the Register as provided in this paragraph (v). 

(c) Participations. (i) Any Lender may, without the consent of any other Person, sell participations to one or more
banks or other entities (except natural persons, the Parent Borrower and any Subsidiary) (except as set forth in Section 10.04(f) below) (a “Participant”) in all or a portion of such Lender’s rights
and obligations under this Agreement (including all or a portion of its Commitment and the Loans owing to it); provided that (A) such Lender’s obligations under this Agreement shall remain unchanged, (B) such Lender shall
remain solely responsible to the other parties hereto for the performance of such obligations and (C) the Borrowers, the Administrative Agent, the Issuing Bank and the other Lenders shall continue to deal solely and directly with such Lender in
connection with such Lender’s rights and obligations under this Agreement. Any agreement or instrument pursuant to which 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,
modification or waiver described in the first proviso to Section 10.02(b) that affects such Participant. Subject to paragraph (c)(ii) of this Section 10.04, each Borrower agrees that each
Participant shall be entitled to the benefits of, and subject to the limitations of, Sections 2.15, 2.16 and 2.17 to the same extent as if it were a Lender and had acquired its interest by assignment pursuant
to paragraph (b) of this Section 10.04. 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 2.18(c) as though it were a Lender. 

(ii) Each Lender that sells a participation, acting solely for this purpose as a
non-fiduciary agent of the Borrowers solely for United States federal tax purposes, shall 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 this Agreement (the “Participant Register”); provided that no Lender shall have any obligation to disclose all or any portion of the
Participant Register to any Person (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 this Agreement or any other Loan
Document) 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. The entries in the Participant Register shall be conclusive absent manifest error, and such Lender, each Loan Party and the Administrative Agent shall treat each person whose name is recorded in the Participant Register
pursuant to the terms hereof as the owner of such participation for all purposes of this Agreement, notwithstanding notice to the contrary. 

  
 CREDIT AGREEMENT, Page 196 













(iii)
 Notwithstanding the preceding provisions of this Section 10.04(c), any Participant that is a Farm Credit Lender that (i) has purchased a participation from any Lender that is a Farm Credit Lender (a “Voting Participation Seller”), (ii) has been designated as a voting
Participant (a Farm Credit Lender so designated, a “Voting Participant”) in a notice (a “Voting Participant Notice”) sent by the relevant Farm Credit Lender (including any existing Voting Participant) to the Parent Borrower and
(iii) receives, prior to becoming a Voting Participant, the consent of the Parent Borrower to become a Voting Participant (such consent is not required for an assignment to an existing Voting Participant and such consent not to be unreasonably
withheld, delayed or conditioned), shall be entitled to vote in respect of Voting Participant’s interest in the relevant Loan as if such Voting Participant were a Lender on all matters subject to a vote by the relevant Lenders in respect of
such Loan subject to the Voting Participation, and the voting rights of the Voting Participation Seller (including any existing Voting Participant) shall be correspondingly reduced, on a dollar-for-dollar basis; provided, that no Voting Participant shall have any voting rights under this Section 10.04(c) if their respective Voting Participation Seller is no longer a Lender under this
Agreement or is a Defaulting Lender; provided further that if such Voting Participant has at any time failed to fund any portion of its participation when required to do so and notice of such failure has been delivered by the Voting Participation
Seller to, and acknowledged by, the Administrative Agent (which the Administrative Agent shall do reasonably promptly), then until such time as all amounts of its participation required to have been funded have been funded and notice of such funding
has been delivered by the Voting Participation Seller to, and acknowledged by, the Administrative Agent (which the Administrative Agent shall do so reasonably promptly), such Voting Participant shall not be entitled to exercise its voting rights
pursuant to the terms of this clause (c), and the voting rights of the Voting Participation Seller shall not be correspondingly reduced by the amount of such Voting Participant’s participation (and, in connection with the foregoing, the
Voting Participation Seller shall also give the Borrower notice of any such failure and, if applicable, any subsequent funding at the time it so notifies the Administrative Agent). Notwithstanding the foregoing, each Farm Credit Lender designated as
a Voting Participant in Schedule 10.04 shall be a Voting Participant without delivery of a Voting Participation Notice and without the prior written consent of the Parent Borrower. The voting rights of each Voting Participant are solely for the
benefit of such Voting Participant. The Voting Participation Seller shall reasonably promptly upon request of the Administrative Agent or the Parent Borrower update or confirm there has been no change in the information set forth in
Schedule 10.04 or delivered in connection with any Voting Participant Notification. The Borrowers and the Administrative Agent shall be entitled to conclusively rely on information provided by a Lender identifying itself or its participant as a
Farm Credit Lender without verification thereof and may also conclusively rely on the information set forth in Schedule 10.04, delivered in connection with any Voting Participant Notification or otherwise furnished pursuant to this
clause (c)(iii) and, unless and until notified thereof in writing by the Voting Participation Seller and acknowledged by the Administrative Agent (such acknowledgment not to be unreasonably withheld or delayed), may assume that there have been
no changes in the identity of Voting Participants, the corresponding applicable percentage of the relevant commitments, the contact information of the participants or any other information furnished to the Parent Borrower or the Administrative Agent
pursuant to this clause (c)(iii). None of the Borrowers, the Administrative Agent nor any of their respective Related Parties shall be responsible or have any liability for, or have any duty


  
 CREDIT AGREEMENT, Page 197 












 
to ascertain, inquire into or monitor, as to whether any Voting
Participation Seller or Voting Participant is a Farm Credit Lender. The voting rights hereunder are solely for the benefit of the Voting Participants and shall not inure to any assignee or participant of a Voting Participant (except to the extent of
a sale of a participation otherwise in compliance with the terms of this Section 10.04(c)). 

(d) Pledge. Any Lender may, in accordance with applicable law, at any time pledge or assign a security interest in all
or any portion of its rights under this Agreement to secure obligations of such Lender, including any pledge or assignment to secure obligations to a Federal Reserve Bank or other central banking authority, and this
Section 10.04 shall not apply to any such pledge or assignment of a security interest; provided that no such pledge or assignment of a security interest shall release a Lender from any of its obligations hereunder or
substitute any such pledgee or assignee for such Lender as a party hereto. 
 (e) Dutch Auction/Open Market Purchases.
Notwithstanding anything else to the contrary contained in this Agreement, any Lender may assign all or a portion of its Term Loans to the Parent Borrower or any Subsidiary (collectively, “Affiliated Lenders”) on a non-pro
rata basis (i) through “Dutch auctions” open to all Lenders holding the relevant Term Loans, on a pro rata basis or (ii) through open market purchases, in each case with respect to clauses (i)
and (ii), without the consent of the Administrative Agent or any other Person; provided that: 
 (i) with respect to any
assignment to an Affiliated Lender, no Default has occurred or is continuing at the time of acceptance of bids for the “Dutch auction” or entry into a binding agreement with respect to open market purchases; 

(ii) the assigning Lender and Affiliated Lender purchasing such Term Loans, as applicable, shall execute and deliver to the Administrative
Agent an assignment and assumption consistent with the terms of this Section 10.04(e); 
 (iii) for the avoidance
of doubt, Lenders shall not be permitted to assign Revolving Commitments or Revolving Loans to any Affiliated Lender; 
 (iv) any Term
Loans assigned to any Affiliated Lender shall be automatically and permanently cancelled upon the effectiveness of such assignment and will thereafter no longer be outstanding for any purpose hereunder; 

(v) any purchases or assignments of Loans by an Affiliated Lender made through “Dutch auctions” shall be conducted pursuant to
procedures to be established by the Administrative Agent and the Parent Borrower that are consistent with
this Section 10.04(e); and 

(vi) no Affiliated Lender shall be required to represent or warrant that it is not in possession of material
non-public information with respect to any Borrower and/or any Subsidiary thereof and/or their respective securities in connection with any assignment or purchase permitted by this
Section 10.04(e). 

  
 CREDIT AGREEMENT, Page 198 












 (f) Disqualified Institutions;
Non-Qualified Persons. 
 (i) No assignment or participation shall be made to any
Person that was a Disqualified Institution as of the date (the “Trade Date”) on which the assigning or participating, as applicable, Lender entered into a binding agreement to sell and assign or participate in all or a portion of
its rights and obligations under this Agreement to such Person (unless the Parent Borrower has consented to such assignment in writing in its sole and absolute discretion, in which case such Person will not be considered a Disqualified Institution
for the purpose of such assignment or participation). For the avoidance of doubt, with respect to any assignee that becomes a Disqualified Institution after the applicable Trade Date (including as a result of the delivery of a notice pursuant to,
and/or the expiration of the notice period referred to in, the definition of “Disqualified Institution”), (x) such assignee shall not retroactively be disqualified from becoming a Lender and (y) the execution by any Borrower of an
Assignment and Assumption with respect to such assignee will not by itself result in such assignee no longer being considered a Disqualified Institution. Any assignment in violation of this clause (f)(i) shall not be void,
but the other provisions of this clause (f) shall apply. 
 (ii) If any assignment or participation
is made to any Disqualified Institution without the Parent Borrower’s prior written consent in violation of clause (f)(i) above or to any Affiliate of a Disqualified Institution, or if any Person becomes a Disqualified
Institution or an Affiliate thereof after the applicable Trade Date, the Parent Borrower may upon notice to the applicable Disqualified Institution or Affiliate and the Administrative Agent, (A) terminate any Revolving Commitment of such
Disqualified Institution or Affiliate and cause the relevant Borrower to repay all Loan Obligations owing to such Disqualified Institution or Affiliate in connection with such Revolving Commitment, (B) in the case of any outstanding Term Loans
held by Disqualified Institutions or their respective Affiliates, purchase or prepay (or cause the relevant Borrower to purchase or prepay) such Term Loan by paying the lowest of (x) the par value of the principal amount thereof, (y) the
amount that such Disqualified Institution or its Affiliate paid to acquire such Term Loans and (z) the most recent trading price of such Term Loans, in each case plus accrued interest, accrued fees and all other amounts (other than principal
amounts) payable to it hereunder on such Loans and/or (C) require such Disqualified Institution or Affiliate to assign, without recourse (in accordance with and subject to the restrictions contained in this
Section 10.04), all of its interest, rights and obligations under this Agreement to one or more assignees at the lowest of (x) the par value of the principal amount thereof, (y) the amount that such Disqualified
Institution or its Affiliates paid to acquire such Revolving and/or Term Loans and (z) the most recent trading price of such Revolving and/or Term Loans, in each case plus accrued interest, accrued fees and all other amounts (other than
principal amounts) payable to it hereunder in respect thereof; provided that if any Lender (including any Disqualified Institution or Affiliate thereof) does not execute and deliver an Assignment and Assumption to the Administrative Agent by
the later of (a) the date the replacement Lender executes and delivers such Assignment and Assumption to the Administrative Agent and (b) the date as of which the Disqualified Institution or Affiliate shall be paid by the assignee lender
(or, at its option, a Borrower) the amount required pursuant to this Section 10.04(f)(ii), then such Disqualified Lender or such Affiliate shall be deemed to have executed and delivered such Assignment and Assumption and
consented to the Administrative Agent effectuating any assignment in full of such Lender’s interests hereunder and taking any such actions as appropriate to facilitate the foregoing. 

  
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 (iii) Notwithstanding anything to the contrary contained in this Agreement,
Disqualified Institutions or any of their Affiliates (A) will not (x) have the right to receive information, reports or other materials provided to Lenders by or on behalf of the Borrowers or their respective Subsidiaries, the
Administrative Agent or any other Lender, (y) attend or participate in meetings attended by the Lenders and the Administrative Agent, or (z) access any electronic site established for the Lenders or confidential communications from counsel
to or financial advisors of the Administrative Agent or the Lenders and (B) (x) for purposes of any consent to any waiver, amendment or consent, or any action under, and for the purpose of any direction to the Administrative Agent or any Lender
to undertake any action (or refrain from taking any action) under this Agreement or any other Loan Document, each Disqualified Institution or its Affiliates, as applicable, will be deemed to have consented in the same proportion as the Lenders that
are not Disqualified Institutions consented to such matter, and (y) for purposes of voting on any plan of reorganization or plan of liquidation pursuant to any Debtor Relief Laws, each Disqualified Institution or its Affiliates, as applicable,
party hereto hereby agrees (1) not to vote on such plan of reorganization or plan of liquidation pursuant to any Debtor Relief Laws, (2) if such Disqualified Institution or its Affiliates, as applicable, does vote on such plan of
reorganization or plan of liquidation pursuant to any Debtor Relief Laws notwithstanding the restriction in the foregoing clause (1), such vote will be deemed not to be in good faith and shall be “designated”
pursuant to Section 1126(e) of the Bankruptcy Code (or any similar provision in any other Debtor Relief Laws), and such vote shall not be counted in determining whether the applicable class has accepted or rejected such plan in accordance with
Section 1126(c) of the Bankruptcy Code (or any similar provision in any other Debtor Relief Laws) and (3) not to contest any request by any party for a determination by the Bankruptcy Court (or other applicable court of competent
jurisdiction) effectuating the foregoing clause (2). 
 (iv) The Administrative Agent shall have
the right, and the Parent Borrower hereby expressly authorizes the Administrative Agent, to provide the list of Disqualified Institutions provided by the Parent Borrower and any updates thereto from time to time (collectively, the “DQ
List”) to each Lender requesting the same and such lenders may so provide the DQ List to any potential assignees or participants on a confidential basis. 

(v) For the avoidance of doubt, the provisions in Section 10.04(f)(ii), (iii) and
(iv) applicable to Affiliates of Disqualified Institutions shall not apply to Bona Fide Debt Funds, unless such Bona Fide Debt Fund is otherwise a Disqualified Institution pursuant to the definition thereof. 

  
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 Section 10.05 Survival. All covenants, agreements, representations and
warranties made by the Loan Parties in the Loan Documents and in the certificates or other instruments delivered in connection with or pursuant to this Agreement or any other Loan Document shall be considered to have been relied upon by the other
parties hereto and shall survive the execution and delivery of the Loan Documents and the making of any Loans and issuance of any Letters of Credit, regardless of any investigation made by any such other party or on its behalf and notwithstanding
that the Administrative Agent, the Issuing Bank or any Lender may have had notice or knowledge of any Default or incorrect representation or warranty at the time any credit is extended hereunder. The provisions of
Sections 2.15, 2.16, 2.17 and 10.03 and Article IX shall survive and remain in full force and effect regardless of the consummation of the transactions contemplated hereby, the repayment of the
Loans, the expiration or termination of the Letters of Credit and the Commitments or the termination of this Agreement or any provision hereof. For the avoidance of doubt, if any entity ceases to be a Lender under this Agreement pursuant to an
Assignment and Acceptance, such entity shall be entitled to the benefits of the surviving provisions in the previous sentence but only with respect to the period during which such entity was a Lender under this Agreement. 

Section 10.06 Counterparts; Integration; Effectiveness. 

(a) This Agreement may be executed in counterparts (and by different parties hereto on different counterparts), each of which
shall constitute an original, but all of which when taken together shall constitute a single contract. THIS AGREEMENT, THE OTHER LOAN DOCUMENTS AND ANY SEPARATE LETTER AGREEMENTS WITH RESPECT TO FEES PAYABLE TO THE ADMINISTRATIVE AGENT EMBODY THE
FINAL, ENTIRE AGREEMENT AMONG THE PARTIES RELATING TO THE SUBJECT MATTER HEREOF AND SUPERSEDE ANY AND ALL PREVIOUS COMMITMENTS, AGREEMENTS, REPRESENTATIONS AND UNDERSTANDINGS, WHETHER ORAL OR WRITTEN, RELATING TO THE SUBJECT MATTER HEREOF AND MAY
NOT BE CONTRADICTED OR VARIED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS OR DISCUSSIONS OF THE PARTIES HERETO. THERE ARE NO UNWRITTEN ORAL AGREEMENTS AMONG THE PARTIES HERETO. 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 which, when taken together, bear the
signatures of each of the other parties hereto, and thereafter shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns. 

(b) Delivery of an executed counterpart of a signature page of (x) this Agreement, (y) any other Loan Document and/or
(z) any document, amendment, approval, consent, information, notice (including, for the avoidance of doubt, any notice delivered pursuant to Section 10.01), certificate, request, statement, disclosure or authorization
related to this Agreement, any other Loan Document and/or the transactions contemplated hereby and/or thereby (each an “Ancillary Document”) that is an Electronic Signature transmitted by telecopy, emailed pdf. or any other
electronic means that reproduces an image of an actual executed signature page shall be effective as delivery of a manually executed counterpart of this Agreement, such other Loan Document or such Ancillary Document, as applicable. The words
“execution,” “signed,” “signature,” “delivery,” and words of like import in or relating to this Agreement, any other Loan Document and/or any Ancillary Document shall be deemed to include Electronic
Signatures, deliveries or the keeping of records in any electronic form (including deliveries by telecopy, emailed pdf. or any other electronic means that reproduces an image of an actual executed signature page), each of which shall be of the same
legal effect, validity or enforceability as a manually executed signature, 

  
 CREDIT AGREEMENT, Page 201 












 
physical delivery thereof or the use of a paper-based recordkeeping system, as the case may be; provided that nothing herein shall require the Administrative Agent to accept Electronic
Signatures in any form or format without its prior written consent and pursuant to procedures approved by it; provided, further, without limiting the foregoing, (i) to the extent the Administrative Agent has agreed to accept any
Electronic Signature, (A) the Administrative Agent and each of the Lenders shall be entitled to rely on such Electronic Signature purportedly given by or on behalf of the Borrower or any other Loan Party without further verification thereof and
without any obligation to review the appearance or form of any such Electronic Signature and (B) the Loan Parties shall be entitled to rely on such Electronic Signature purportedly given on behalf of the Administrative Agent, any Lender, any
Swingline Lender or any Issuing Bank without further verification thereof and without any obligation to review the appearance or form of any such Electronic Signature and (ii) upon the request of any Loan Party, the Administrative Agent or any
Lender, any Electronic Signature shall be promptly followed by a manually executed counterpart. Without limiting the generality of the foregoing, each of the parties hereto hereby (i) agrees that, for all purposes, including without limitation,
in connection with any workout, restructuring, enforcement of remedies, bankruptcy proceedings or litigation among the Administrative Agent, the Lenders, the Borrower and the Loan Parties, Electronic Signatures transmitted by telecopy, emailed pdf.
or any other electronic means that reproduces an image of an actual executed signature page and/or any electronic images of this Agreement, any other Loan Document and/or any Ancillary Document shall have the same legal effect, validity and
enforceability as any paper original and (ii) each other party hereto may, at its option, create one or more copies of this Agreement, any other Loan Document and/or any Ancillary Document in the form of an imaged electronic record in any
format, which shall be deemed created in the ordinary course of such Person’s business, and destroy the original paper document (and all such electronic records shall be considered an original for all purposes and shall have the same legal
effect, validity and enforceability as a paper record). 
 Section 10.07 Severability. Any provision of this Agreement held to
be invalid, illegal or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such invalidity, illegality or unenforceability without affecting the validity, legality and enforceability of the remaining
provisions hereof; and the invalidity of a particular provision in a particular jurisdiction shall not invalidate such provision in any other jurisdiction. 

Section 10.08 Right of Setoff. If an Event of Default shall have occurred and be continuing, each Lender and each of its
Affiliates is hereby authorized at any time and from time to time, to the fullest extent permitted by law, to set off and apply any and all deposits (general or special, time or demand, provisional or final) at any time held and other obligations at
any time owing by such Lender or Affiliate to or for the credit or the account of any Borrower against any of and all the Loan Obligations held by such Lender, irrespective of whether or not such Lender shall have made any demand under this
Agreement and although such obligations may be unmatured. Each party exercising rights under this Section 10.08 shall promptly notify the applicable Borrower (with a copy to the Administrative Agent) after any such
exercise; provided that the failure to give such notice shall not effect the validity of such right. The rights of each Lender under this Section are in addition to other rights and remedies (including other rights of setoff) which such
Lender may have. 

  
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 Section 10.09 Governing Law; Jurisdiction; Consent to Service of Process. 

(a) Governing Law. This Agreement shall be construed in accordance with and governed by the law of the State of New York
without regard to conflicts of law principles;. 
 (b) Jurisdiction. EACH LENDER, EACH LOAN PARTY AND THE
ADMINISTRATIVE AGENT HEREBY IRREVOCABLY AND UNCONDITIONALLY SUBMITS, FOR ITSELF AND ITS PROPERTY, TO THE EXCLUSIVE JURISDICTION OF ANY FEDERAL OR STATE COURT LOCATED IN THE BOROUGH OF MANHATTAN IN THE CITY OF NEW YORK, AND ANY APPELLATE COURT FROM
ANY THEREOF, IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO ANY LOAN DOCUMENT (EXCLUDING THE ENFORCEMENT OF THE SECURITY DOCUMENTS TO THE EXTENT SUCH SECURITY DOCUMENTS EXPRESSLY PROVIDE OTHERWISE), OR FOR RECOGNITION OR ENFORCEMENT OF
ANY JUDGMENT, AND EACH OF SUCH PARTIES HERETO HEREBY IRREVOCABLY AND UNCONDITIONALLY AGREES THAT ALL CLAIMS IN RESPECT OF ANY SUCH ACTION OR PROCEEDING MAY BE HEARD AND DETERMINED IN SUCH NEW YORK STATE OR, TO THE EXTENT PERMITTED BY LAW, IN SUCH
FEDERAL COURT. EACH OF SUCH PARTIES HERETO AGREES THAT A FINAL JUDGMENT IN ANY SUCH ACTION 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. 

(c) Venue. Each Loan Party and each other party to this Agreement hereby irrevocably and unconditionally waives, to the
fullest extent it may legally and effectively do so, any objection which it may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or relating to this Agreement or any other Loan Document in any court
referred to in paragraph (b) of this Section 10.09. Each of the parties hereto hereby irrevocably waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the maintenance of such
action or proceeding in any such court. 
 (d) Service of Process. Each Loan Party and each other party to this
Agreement irrevocably appoints the Parent Borrower as its agent for service of process and consents to service of process in the manner provided for notices in Section 10.01. Nothing in this Agreement or any other Loan
Document will affect the right of any party to this Agreement to serve process in any other manner permitted by law. 
 Section 10.10
WAIVER OF JURY TRIAL. EACH LOAN PARTY AND EACH OTHER PARTY HERETO HEREBY 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, ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH LOAN PARTY AND EACH OTHER PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR
ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED
TO ENTER INTO THE LOAN DOCUMENTS BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 10.10. 

  
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 Section 10.11 Headings. Article and Section headings and the Table of
Contents used herein are for convenience of reference only, are not part of this Agreement and shall not affect the construction of, or be taken into consideration in interpreting, this Agreement. 

Section 10.12 Confidentiality. Each of the Administrative Agent, the Issuing Bank and the Lenders agrees to maintain the
confidentiality of the Information (as defined below), except that Information may be disclosed: (a) to its Related Parties, including accountants, legal counsel and other advisors on a “need-to-know” basis (it being understood that the Persons to whom such disclosure is made will be informed of the confidential nature of such Information and instructed to keep such Information
confidential and the Administrative Agent, the Issuing Bank and the Lenders shall be responsible for the compliance with this paragraph by its Related Parties), (b) to the extent requested by any Governmental Authority, (c) to the extent
required by applicable laws or regulations or by any subpoena or similar legal process (in which case, to the extent permitted by law, the party in receipt of such request shall promptly inform the Parent Borrower in advance other than in connection
with any examination of the financial condition or other routine examination of such Lender), (d) to any other party to this Agreement, (e) in connection with the exercise of any remedies hereunder or any suit, action or proceeding relating to
this Agreement or any other Loan Document or the enforcement of rights hereunder or thereunder, (f) subject to an agreement containing provisions not less restrictive than those of this Section 10.12, to (i) any
Eligible Assignee of or Participant in, or any prospective Eligible Assignee of or Participant in, any of its rights or obligations under this Agreement (it being understood the DQ List may be shared in accordance with
Section 10.04(f)(iv)) or (ii) any actual or prospective direct or indirect counterparty (or its advisors) to any swap or derivative transaction relating to any Loan Party and its obligations, (g) with the written
consent of the Parent Borrower (h) to the extent such Information becomes publicly available other than as a result of a breach of this Section 10.12 or (i) to any rating agency when required by it,
provided that, prior to any disclosure, such rating agency shall undertake to preserve the confidentiality of any confidential Information relating to the Loan Parties received by it from such Person. In addition, the Administrative Agent and
the Lenders may disclose the existence of this Agreement and any customary information about this Agreement required for league table or similar credit. For the purposes of this Section, “Information” means all information received from
the Borrowers relating to the Borrowers or their business. Any Person required to maintain the confidentiality of Information as provided in this Section 10.12 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 LENDER ACKNOWLEDGES THAT INFORMATION AS DEFINED IN THIS SECTION
FURNISHED TO IT PURSUANT TO THIS AGREEMENT MAY INCLUDE MATERIAL NON-PUBLIC INFORMATION CONCERNING THE LOAN PARTIES AND THEIR RELATED PARTIES OR THEIR RESPECTIVE SECURITIES, AND CONFIRMS THAT IT HAS DEVELOPED
COMPLIANCE PROCEDURES REGARDING THE USE OF MATERIAL NON-PUBLIC INFORMATION AND THAT IT WILL HANDLE SUCH MATERIAL NON-PUBLIC INFORMATION IN ACCORDANCE WITH THOSE
PROCEDURES AND APPLICABLE LAW, INCLUDING FEDERAL AND STATE SECURITIES LAWS. ALL INFORMATION, INCLUDING REQUESTS FOR WAIVERS AND AMENDMENTS, FURNISHED BY ANY BORROWER OR THE ADMINISTRATIVE AGENT PURSUANT TO, OR IN THE COURSE OF ADMINISTERING, THIS
AGREEMENT WILL BE SYNDICATE-LEVEL INFORMATION, WHICH MAY CONTAIN MATERIAL NON-PUBLIC INFORMATION ABOUT THE LOAN PARTIES AND THEIR RELATED PARTIES OR THEIR RESPECTIVE SECURITIES. ACCORDINGLY, EACH LENDER
REPRESENTS TO EACH BORROWER AND THE ADMINISTRATIVE AGENT THAT IT HAS IDENTIFIED IN ITS 

  
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ADMINISTRATIVE QUESTIONNAIRE A CREDIT CONTACT WHO MAY RECEIVE INFORMATION THAT MAY CONTAIN MATERIAL NON-PUBLIC INFORMATION IN ACCORDANCE WITH ITS
COMPLIANCE PROCEDURES AND APPLICABLE LAW. Notwithstanding anything in this Section 10.12 to the contrary, (x) to the extent any legal counsel, independent auditors, professionals and other experts or agents of a Lender
receives any Information, such legal counsel, independent auditors, professionals and other experts or agents shall sign an undertaking that they will treat such Information as confidential (subject to certain customary exceptions) unless there are
established and enforceable codes of professional conduct governing the confidential treatment of such Information so received and (y) in no event shall any disclosure of any Information be made to a Person that is a Disqualified Institution at
the time of disclosure (except to the extent set forth in clauses (c) or (f)(i) (solely with respect to the DQ List as set forth above) above). 

Section 10.13 Maximum Interest Rate. 

(a) Limitation to Maximum Rate; Recapture. No interest rate specified in any Loan Document shall at any time exceed the
Maximum Rate. If at any time the interest rate (the “Contract Rate”) for any obligation under the Loan Documents shall exceed the Maximum Rate, thereby causing the interest accruing on such obligation to be limited to the Maximum
Rate, then any subsequent reduction in the Contract Rate for such obligation shall not reduce the rate of interest on such obligation below the Maximum Rate until the aggregate amount of interest accrued on such obligation equals the aggregate
amount of interest which would have accrued on such obligation if the Contract Rate for such obligation had at all times been in effect. As used herein, the term “Maximum Rate” means, at any time with respect to any Lender, the
maximum rate of nonusurious interest under applicable law that such Lender may charge applicable Borrower. The Maximum Rate shall be calculated in a manner that takes into account any and all fees, payments, and other charges contracted for,
charged, or received in connection with the Loan Documents that constitute interest under applicable law. Each change in any interest rate provided for herein based upon the Maximum Rate resulting from a change in the Maximum Rate shall take effect
without notice to any Borrower at the time of such change in the Maximum Rate. For purposes of determining the Maximum Rate under Texas law, the applicable rate ceiling shall be the weekly rate ceiling described in, and computed in accordance with,
Chapter 303 of the Texas Finance Code. 
 (b) Cure Provisions. No provision of any Loan Document shall require the
payment or the collection of interest in excess of the Maximum Rate. If any excess of interest in such respect is hereby provided for, or shall be adjudicated to be so provided, in any Loan Document or otherwise in connection with this loan
transaction, the provisions of this Section 10.13 shall govern and prevail and neither any Borrower nor the sureties, guarantors, successors, or assigns of any Borrower shall be obligated to pay the excess amount of such
interest or any other excess sum paid for the use, forbearance, or detention of sums loaned pursuant hereto. In the event any Lender ever receives, collects, or applies as interest any such sum, such amount which would be in excess of the maximum
amount permitted by applicable law shall be applied as a payment and reduction of the principal of the obligations outstanding hereunder, and, if the principal of the obligations outstanding hereunder has been paid in full, any remaining excess
shall forthwith be paid to the applicable Borrower. In determining whether or not the interest paid or payable exceeds the Maximum Rate, each Borrower and each Lender shall, to the extent permitted by


  
 CREDIT AGREEMENT, Page 205 












 
applicable law, (a) characterize any non-principal payment as an expense, fee, or premium rather than as 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 entire contemplated term of the obligations outstanding hereunder so that interest for
the entire term does not exceed the Maximum Rate. 
 (c) Chapter 346 of the Texas Finance Code. The provisions of
Chapter 346 of the Finance Code of Texas are specifically declared by the parties hereto not to be applicable to this Agreement or to the transactions contemplated hereby. 

(d) Canadian Interest Limitation. Notwithstanding anything in this Section 10.13 or otherwise
in this Agreement, the provisions of this clause (d) shall apply to the Canadian Loan Parties. If any provision of this Agreement or of any of the other Loan Documents would obligate any Canadian Loan Party to make any
payment of interest or other amount payable to the Lenders in an amount or calculated at a rate which would be prohibited by law or would result in a receipt by the Lenders of interest at a criminal rate (as such terms are construed under the
Criminal Code (Canada)) then, notwithstanding such provisions, such amount or rate shall be deemed to have been adjusted with retroactive effect to the maximum amount or rate of interest, as the case may be, as would not be so prohibited by law or
so result in a receipt by the Lenders of interest at a criminal rate, such adjustment to be effected, to the extent necessary, as follows: (1) firstly, by reducing the amount or rate of interest required to be paid to the Lenders under
Section 2.13, and (2) thereafter, by reducing any fees, commissions, premiums and other amounts required to be paid to the Lenders which would constitute “interest” for purposes of Section 347 of the
Criminal Code (Canada). Notwithstanding the foregoing, and after giving effect to all adjustments contemplated thereby, if the Lenders shall have received an amount in excess of the maximum permitted by Section 347 of the Criminal Code
(Canada), the Canadian Loan Parties shall be entitled, by notice in writing to the Administrative Agent, to obtain reimbursement from the Lenders in an amount equal to such excess and, pending such reimbursement, such amount shall be deemed to be an
amount payable by the Lenders to the Canadian Borrower. Any amount or rate of interest referred to in Section 2.13 shall be determined in accordance with generally accepted actuarial practices and principles as an effective
annual rate of interest over the term that the applicable Loan remains outstanding on the assumption that any charges, fees or expenses that fall within the meaning of “interest” (as defined in the Criminal Code (Canada)) shall, if they
relate to a specific period of time, be pro-rated over that period of time and otherwise be pro-rated over the period from the Effective Date to the date this Agreement
is terminated and, in the event of a dispute, a certificate of a Fellow of the Canadian Institute of Actuaries appointed by the Administrative Agent shall be conclusive for the purposes of such determination. 

Section 10.14 Limitation of Liability. To the extent permitted by applicable law (i) (x) the Borrower and any Loan Party
shall not assert, the Borrower and each Loan Party hereby waives, any claim against the Administrative Agent, any Arranger, any Syndication Agent, any Documentation Agent any Issuing Bank and any Lender, and any Related Party of any of the foregoing
Persons (each such Person being called a “Lender-Related Person”) and (y) the Administrative Agent and any Lender shall not assert, and the Administrative Agent and each Lender hereby waives, any claim against any Loan Party or
any of their Subsidiaries and any Related Party of any of the foregoing Persons, in each case of the foregoing clauses (x) and (y), for any Liabilities arising from the use by others of information or other materials


  
 CREDIT AGREEMENT, Page 206 












 
(including, without limitation, any personal data) obtained through telecommunications, electronic or other information transmission systems (including the Internet), and (ii) none of Loan
Parties, the Administrative Agent, any Lender, or any of their respective Related Parties shall assert, and each Borrower (and, by the execution of the Loan Documents to which it is a party, each other Loan Party), the Administrative Agent and each
Lender hereby waives, any Liabilities against the Administrative Agent, any Lender, any Loan Party or any of their respective Related Parties, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct
or actual damages) arising out of, in connection with, or as a result of, this Agreement, any other Loan Document, or any agreement or instrument contemplated hereby or thereby, the Transactions, any Loan or Letter of Credit or the use of the
proceeds thereof; provided that, nothing in this Section 10.14 shall relieve the Borrower and each Loan Party of any obligation it may have to indemnify an Indemnitee, to the extent so provided in
Section 10.03(b), against any special, indirect, consequential or punitive damages asserted against such Indemnitee by a third party. 

Section 10.15 No Duty. All attorneys, accountants, appraisers, and other professional Persons and consultants retained by the
Administrative Agent or any Lender shall have the right to act exclusively in the interest of the Administrative Agent and the Lenders and shall have no duty of disclosure, duty of loyalty, duty of care, or other duty or obligation of any type or
nature whatsoever to any Borrower, any other Loan Party, any of the Parent Borrower’s shareholders or any other Person. 

Section 10.16 No Fiduciary Relationship. The relationship between the Loan Parties on the one hand and the Administrative Agent,
each other agent party hereto and each Lender on the other is solely that of debtor and creditor, and neither the Administrative Agent, nor any other agent party hereto nor any Lender has any fiduciary or other special relationship with any Loan
Party, and no term or condition of any of the Loan Documents shall be construed so as to deem the relationship between the Loan Parties on the one hand and the Administrative Agent, each other agent party hereto and each Lender on the other to be
other than that of debtor and creditor. In addition, the Administrative Agent, each other agent party hereto and each Lender and their Affiliates may have economic interests that conflict with those of the Loan Parties, their stockholders and/or
their Affiliates. The Loan Parties acknowledge and agree that (i) the transactions contemplated by the Loan Documents (including the exercise of rights and remedies hereunder and thereunder) are
arm’s-length commercial transactions between the Lenders, on the one hand, and the Loan Parties, on the other, and (ii) in connection therewith (x) no Lender has assumed an advisory or fiduciary
responsibility in favor of any Loan Party, its stockholders or its Affiliates with respect to the transactions contemplated hereby (or the exercise of rights or remedies with respect thereto) or the process leading thereto (irrespective of whether
any Lender has advised, is currently advising or will advise any Loan Party, its stockholders or its Affiliates on other matters) or any other obligation to any Loan Party except the obligations expressly set forth in the Loan Documents and
(y) each Lender is acting solely as principal and not as the agent or fiduciary of any Loan Party, its management, stockholders, creditors or any other Person. Each Loan Party acknowledges and agrees that it has consulted its own legal and
financial advisors to the extent it deemed appropriate and that it is responsible for making its own independent judgment with respect to such transactions and the process leading thereto. Each Loan Party agrees that it will not claim that any
Lender has rendered advisory services of any nature or respect, or owes a fiduciary or similar duty to such Loan Party, in connection with the transactions contemplated hereby. 

Section 10.17 Construction. Each Loan Party, the Administrative Agent and each Lender acknowledges that each of them has had the
benefit of legal counsel of its own choice and has been afforded an opportunity to review the Loan Documents with its legal counsel and that the Loan Documents shall be construed as if jointly drafted by the parties thereto. 

  
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 Section 10.18 USA Patriot Act and Canadian Anti-Money Laundering Legislation.

 (a) Each Lender that is subject to the requirements of the USA Patriot Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (the “Patriot Act”) hereby notifies each Loan Party that pursuant to the requirements of the Patriot Act, it is required to obtain, verify and record
information that identifies such Loan Party, which information includes the name and address of such Loan Party and other information that will allow such Lender to identify such Loan Party in accordance with the Patriot Act. 

(b) Each Borrower acknowledges that, pursuant to the Proceeds of Crime Act and other applicable anti-money laundering,
anti-terrorist financing, government sanction and “know your client” laws in each relevant jurisdiction (collectively, including any guidelines or orders thereunder, “AML Legislation”), the Lenders may be required to
obtain, verify and record information regarding the Borrowers, their respective Affiliates, directors, officers and employees, the Transactions and any other transactions contemplated hereby. The Borrowers shall promptly provide all such
information, including supporting documentation and other evidence, as may be reasonably requested by any Lender, any Issuing Bank or the Administrative Agent, in order to comply with any applicable AML Legislation, whether now or hereafter in
existence. 
 (i) If the Administrative Agent has ascertained the identity of any Borrower or any authorized signatories of
the Borrower for the purposes of applicable AML Legislation, then the Administrative Agent: 
 (A) shall be deemed to have
done so as an agent for each Lender, and this Agreement shall constitute a “written agreement” in such regard between each Lender and the Administrative Agent within the meaning of the applicable AML Legislation; and 

(B) shall provide to each Lender copies of all information obtained in such regard without any representation or warranty as
to its accuracy or completeness. 
 (C) Notwithstanding the preceding sentence and except as may otherwise be agreed in
writing, each of the Lenders agrees that the Administrative Agent has no obligation to ascertain the identity of the Borrowers or any authorized signatories of the Borrowers on behalf of any Lender, or to confirm the completeness or accuracy of any
information it obtains from any Borrower or any such authorized signatory in doing so. 

  
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 Section 10.19 Parallel Debt (Covenant to pay the Administrative Agent). 

(a) Notwithstanding any other provision of this Agreement, each Parallel Debt Loan Party hereby irrevocably and unconditionally
undertakes to pay to the Administrative Agent as creditor in its own right and not as representative of the other Secured Parties, sums equal to and in the currency of each amount payable by such Parallel Debt Loan Party to each of the Secured
Parties under each of the Loan Documents as and when that amount falls due for payment under the relevant Loan Document (the “Parallel Debt”). 

(b) The Administrative Agent shall have its own independent right to demand payment of the amounts payable by each Parallel
Debt Loan Party under this Section 10.19. 
 (c) Any amount due and payable by a Parallel Debt Loan
Party to the Administrative Agent under this Section 10.19 shall be decreased to the extent that the other Secured Parties have received payment in full or in part (which payment has not been rescinded or otherwise required
by any Governmental Authority to be restored or returned) of the corresponding amount under the other provisions of the Loan Documents, and any amount due and payable by a Parallel Debt Loan Party to the other Secured Parties under those provisions
shall be decreased to the extent that the Administrative Agent has received payment in full or in part (which payment has not been rescinded or otherwise required by any Governmental Authority to be restored or returned) of the corresponding amount
under this Section 10.19. For the absence of doubt, the Administrative Agent shall not demand payment from a Parallel Debt Loan Party under the Parallel Debt to the extent that such Parallel Debt Loan Party’s
corresponding obligations under the Loan Documents have been irrevocably repaid or, in the case of Guarantee obligations, discharged. 
 Section 10.20 Belgian Loan Documents. 

For the
purposes of the Loan Documents governed by Belgian law, each relevant Secured Party appoints the Administrative Agent as its representative in accordance with (A) Article 5 of the Belgian Act of 15 December 2004 on financial collateral
arrangements and several tax dispositions in relation to security collateral arrangements and loans of financial instruments; and (B) Article 3 of Book III, Title XVII of the Belgian Civil Code, which appointment is hereby accepted. 

Section 10.2010.21 Additional Borrowers. 

(a)
 The Parent Borrower may designate any wholly-owned Subsidiary as a Borrower under any Revolving Commitments or any Incremental Facility (an “Additional Borrower”); provided that the
Administrative Agent shall be reasonably satisfied that, with respect to any such Subsidiary which is not a Domestic Subsidiary, the applicable Lenders to such Additional Borrower may make loans and other extensions of credit to such Subsidiary in
such person’s jurisdiction of organization in compliance with applicable laws and regulations, without being required or qualified to do business in such jurisdiction and without being subject to any unreimbursed or unindemnified Taxes or other
expense. Such wholly-owned Subsidiary shall become an Additional Borrower and a party to this Agreement, and all references to the “Borrowers” and “Subsidiary Borrowers” shall also include such Additional Borrower, as applicable,
upon
(ai) the applicable Additional Borrower becoming a party to this Agreement by delivering to the Administrative Agent
(x) an executed counterpart to the U.S. Security Agreement (to the extent is a Domestic Subsidiary) or
a Foreign Security Agreement (to the extent such Subsidiary is not a Domestic Subsidiary) and (y) an
executed counterpart to a joinder agreement in form and substance reasonably acceptable to the Administrative Agent to each of this 

  
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Agreement and the Guaranty Agreement (it being agreed that the Lenders hereby authorize the Administrative Agent to execute and deliver any such joinder agreement), (bii) the Administrative Agent shall have received documents, certificates and other deliverables with respect to the applicable Additional Borrower consistent in scope with such items delivered pursuant to
Sections 4.01(b), (c) (or (d) in the case of Dutch Subsidiary Borrower) and (e), as applicable, on the Effective Date with respect to the other Loan Parties and (ciii) the Lenders being provided with ten (10) Business Days’ prior notice (or such shorter period of time as the Administrative Agent shall reasonably agree) of any Additional Borrower being added
pursuant to this Section 10.20. This Agreement may be amended as necessary or appropriate, in the reasonable opinion of the Administrative Agent and the Parent Borrower to effect the provisions of or be consistent with this
Section 10.20. Notwithstanding any other provision of this Agreement to the contrary (including Section 10.02), any such deemed amendment may be memorialized in writing by the Administrative Agent
with the Parent Borrower’s consent, but without the consent of any other Lenders, and furnished to the other parties hereto. 

(b)
 The Parent Borrower may remove any Subsidiary as an
Additional Borrower upon execution and delivery by the Parent Borrower to the Administrative Agent of a written notification to such effect and repayment in full of all Loans made to such Additional Borrower, cash collateralization of all
Obligations or Foreign Loan Party Obligations, as applicable, in respect of any Letters of Credit issued for the account of such Additional Borrower and repayment in full of all other amounts owing by such Additional Borrower under this Agreement
and the other Loan Documents (it being agreed that any such repayment or cash collateralization shall be in accordance with the other terms of this Agreement) (a “Termination Letter”). The delivery of a Termination Letter with respect to
any Additional Borrower shall not terminate (x) any Obligation or Foreign Loan Party Obligation, as applicable, of such Additional Borrower that remains unpaid at the time of such delivery, (y) the Obligations of the Parent Borrower or any
other Loan Party with respect to any such unpaid Obligations or Foreign Loan Party Obligations, as applicable or (z) any Obligation or Foreign Loan Party Obligation, as applicable, of any other Loan Party. 

Section 10.2110.22 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 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; 

  
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 (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 entity, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments of ownership will be accepted by it in
lieu of any rights with respect to any such liability under this Agreement or any other Loan Document; or 
 (iii) the
variation of the terms of such liability in connection with the exercise of the Write-Down and Conversion Powers of the applicable Resolution Authority. 

Section 10.2210.23 Certain ERISA Matters. 

(a) (a) Each Lender (x) represents and warrants, as of the date such Person became a Lender party hereto, to, and
(y) covenants, from the date such Person became a Lender party hereto to the date such Person ceases being a Lender party hereto, for the benefit of, the Administrative Agent, the arrangers and their respective Affiliates, that at least one of
the following is and will be true: 
 (i) such Lender is not using “plan assets” (within the meaning of 29 CFR
§ 2510.3-101, as modified by Section 3(42) of ERISA) of one or more Benefit Plans in connection with the Loans, the Letters of Credit or the Commitments, 

(ii) the transaction exemption set forth in one or more PTEs, such as PTE 84-14 (a
class exemption for certain transactions determined by independent qualified professional asset managers), PTE 95-60 (a class exemption for certain transactions involving insurance company general accounts),
PTE 90-1 (a class exemption for certain transactions involving insurance company pooled separate accounts), PTE 91-38 (a class exemption for certain transactions
involving bank collective investment funds) or PTE 96-23 (a class exemption for certain transactions determined by in-house asset managers), is applicable with respect
to such Lender’s entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement, 

(iii) (A) such Lender is an investment fund managed by a “Qualified Professional Asset Manager” (within the meaning
of Part VI of PTE 84-14), (B) such Qualified Professional Asset Manager made the investment decision on behalf of such Lender to enter into, participate in, administer and perform the Loans, the Letters of
Credit, the Commitments and this Agreement, (C) the entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement satisfies the requirements of 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 Letters of Credit, the Commitments and this Agreement, or 

(iv) such other representation, warranty and covenant as may be agreed in writing between the Administrative Agent, in its sole
discretion, and such Lender. 

  
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 (b) In addition, unless
sub-clause (i) in the immediately preceding clause (a) is true with respect to a Lender or such Lender has not provided another representation, warranty and
covenant as provided in sub-clause (iv) in the immediately preceding clause (a), such Lender further (x) represents and warrants, as of the date such
Person became a Lender party hereto, to, and (y) covenants, from the date such Person became a Lender party hereto to the date such Person ceases being a Lender party hereto, for the benefit of, the Administrative Agent, the arrangers and their
respective Affiliates, and not, for the avoidance of doubt, to or for the benefit of the Borrower or any other Loan Party that the Administrative Agent is not a fiduciary with respect to the assets of such Lender involved in such Lender’s
entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement (including in connection with the reservation or exercise of any rights by the Administrative Agent under this
Agreement, any Loan Document or any documents related hereto or thereto). 

Section 
10.24 Net Short Lenders. Notwithstanding anything to the
contrary herein, in connection with any determination as to whether the Required Lenders, Required TLA/RC Lenders or Required TLB Lenders, as applicable, have (A) consented (or not consented) to any amendment or waiver of any provision of this
Agreement or any other Loan Document or any departure by any Loan Party therefrom, (B) otherwise acted on any matter related to any Loan Document, or (C) directed or required by the Administrative Agent or any Lender to undertake any
action (or refrain from taking any action) with respect to or under any Loan Document, any Lender (other than any Lender that is a Regulated Bank, a Lead Arranger or Affiliate of a Lead Arranger or a Revolving Lender that becomes a party hereto)
that, as a result of its interest in any total return swap, total rate of return swap, credit default swap or other derivative contract (other than any such total return swap, total rate of return swap, credit default swap or other derivative
contract entered into pursuant to bona fide market making activities), has a net short position with respect to the Loans and/or Commitments (each, a “Net Short Lender”), without the written consent of the Parent Borrower, shall have no
right to vote any of its Loans and Commitments and shall be deemed to have voted its interest as a Lender without discretion in the same proportion as the allocation of voting with respect to such matter by Lenders who are not Net Short Lenders. For
purposes of determining whether a Lender has a “net short position” on any date of determination: (i) derivative contracts with respect to the Loans and Commitments and such contracts that are the functional equivalent thereof shall
be counted at the notional amount thereof in dollars, (ii) notional amounts in other currencies shall be converted to the dollar equivalent thereof by such Lender in a commercially reasonable manner consistent with generally accepted financial
practices and based on the prevailing conversion rate (determined on a mid-market basis) on the date of determination, (iii) derivative contracts in respect of an index that includes any of the Borrowers
or other Loan Parties or any instrument issued or guaranteed by any of the Borrowers or other Loan Parties shall not be deemed to create a short position with respect to the Loans and/or Commitments, so long as (x) such index is not created,
designed, administered or requested by such Lender and (y) the Borrowers and other Loan Parties and any instrument issued or guaranteed by any of the Borrowers or other Loan Parties, collectively, shall represent less than 5.0% of the
components of such index, (iv) derivative transactions that are documented using either the 2014 ISDA Credit Derivatives Definitions or the 2003 ISDA Credit Derivatives Definitions (collectively, the “ISDA CDS Definitions”) shall be
deemed to create a short position with respect to the Loans and/or Commitments if such Lender is a protection buyer or the equivalent thereof for such derivative transaction and (x) the Loans or the Commitments are a “Reference
Obligation” under the terms of such derivative transaction (whether specified by name in the related documentation, included as a “Standard Reference Obligation” on the most recent list published by Markit, if “Standard Reference
Obligation” is specified as applicable in the relevant documentation or in any other 

  
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manner), (y) the Loans or the Commitments would be a
“Deliverable Obligation” under the terms of such derivative transaction or (z) any of the Borrowers or other Loan Parties (or its successor) is designated as a “Reference Entity” under the terms of such derivative
transactions, and (v) credit derivative transactions or other derivatives transactions not documented using the ISDA CDS Definitions shall be deemed to create a short position with respect to the Loans and/or Commitments if such transactions
are functionally equivalent to a transaction that offers the Lender protection in respect of the Loans or the Commitments, or as to the credit quality of any of the Borrowers or other Loan Parties other than, in each case, as part of an index so
long as (x) such index is not created, designed, administered or requested by such Lender and (y) the Borrowers and other Loan Parties and any instrument issued or guaranteed by any of the Borrowers or other Loan Parties, collectively,
shall represent less than 5.0% of the components of such index. In connection with any such determination, each Lender (other than any Lender that is a Regulated Bank, a Lead Arranger or Affiliate of a Lead Arranger or a Revolving Lender that
becomes a party hereto) shall promptly notify the Administrative Agent in writing that it is a Net Short Lender, or shall otherwise be deemed to have represented and warranted to the Borrowers and the Administrative Agent that it is not a Net Short
Lender (it being understood and agreed that the Borrowers and the Administrative Agent shall be entitled to rely on each such representation and deemed representation). The Administrative Agent shall not (x) be obligated to ascertain, monitor
or inquire as to whether any Lender or participant is a Net Short Lender or make any calculations, investigations or determinations with respect to whether any Lender is a Net Short Lender or prospective Net Short Lender or (y) have any
liability with respect to or arising out of the voting in any amendment or waiver by any such entity (other than to exclude from the calculation of Required Lenders, Required TLA/RC Lenders or Required TLB Lenders, as applicable, the interests of
any such Net Short Lender). 
 Section 10.2310.25 Acknowledgement Regarding Any Supported QFCs. To the extent that the Loan Documents provide support, through a guarantee or otherwise, for Swap Agreements or any other agreement or instrument that is a QFC
(such support “QFC Credit Support” and each such QFC a “Supported QFC”), the parties acknowledge and agree as follows with respect to the resolution power of the Federal Deposit Insurance Corporation under the
Federal Deposit Insurance Act and Title II of the Dodd-Frank Wall Street Reform and Consumer Protection Act (together with the regulations promulgated thereunder, the “U.S. Special Resolution Regimes”) in respect of such Supported
QFC and QFC Credit Support (with the provisions below applicable notwithstanding that the Loan Documents and any Supported QFC may in fact be stated to be governed by the laws of the State of New York and/or of the United States or any other state
of the United States): 
 In the event a Covered Entity that is party to a Supported QFC (each, a “Covered QFC
Party”) becomes subject to a proceeding under a U.S. Special Resolution Regime, the transfer of such Supported QFC and the benefit of such QFC Credit Support (and any interest and obligation in or under such Supported QFC and such QFC
Credit Support, and any rights in property securing such Supported QFC or such QFC Credit Support) from such Covered QFC Party will be effective to the same extent as the transfer would be effective under the U.S. Special Resolution Regime if the
Supported QFC and such QFC Credit Support (and any such interest, obligation and rights in property) were governed by the laws of the United States or a state of the United States. In the event a Covered QFC Party or a BHC Act Affiliate of a Covered
QFC Party becomes subject to a proceeding under a U.S. Special Resolution Regime, Default Rights under the Loan Documents that might otherwise apply to such Supported QFC or any QFC Credit Support that may be exercised against such Covered QFC Party
are permitted to be exercised to no greater extent than such Default Rights could be exercised under the U.S. Special Resolution Regime if the Supported QFC and the 

  
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Loan Documents were governed by the laws of the United States or a state of the United States. Without limitation of the foregoing, it is understood and agreed that rights and remedies of the
parties with respect to a Defaulting Lender shall in no event affect the rights of any Covered QFC Party with respect to a Supported QFC or any QFC Credit Support. 

ARTICLE XI 
 Collection
Allocation Mechanism 
 Section 11.01 Implementation of CAM. (a) On the CAM Exchange Date, (i) the Commitments shall
automatically and without further act be terminated as provided in Article VIII and (ii) the Lenders shall automatically and without further act (and without regard to the provisions of Section 10.04) be deemed
to have exchanged interests in the Credit Facilities such that in lieu of the interest of each Lender in each Credit Facility in which it shall participate as of such date (including such Lender’s interest in the Specified Obligations of each
Loan Party in respect of each such Credit Facility), such Lender shall hold an interest in every one of the Credit Facilities (including the Specified Obligations of each Loan Party in respect of each such Credit Facility and each LC Reserve Account
established pursuant to Section 11.02 below), whether or not such Lender shall previously have participated therein, equal to such Lender’s CAM Percentage thereof. Each Lender and each Loan Party hereby consents and
agrees to the CAM Exchange, and each Lender agrees that the CAM Exchange shall be binding upon its successors and assigns and any person that acquires a participation in its interests in any Credit Facility. 

(b) As a result of the CAM Exchange, upon and after the CAM Exchange Date, each payment received by the Administrative Agent
pursuant to any Loan Document in respect of the Specified Obligations, and each distribution made by the Administrative Agent pursuant to any Security Documents in respect of the Specified Obligations, shall be distributed to the Lenders pro rata in
accordance with their respective CAM Percentages. Any direct payment received by a Lender upon or after the CAM Exchange Date, including by way of setoff, in respect of a Specified Obligation shall be paid over to the Administrative Agent for
distribution to the Lenders in accordance herewith. 
 Section 11.02 Letters of Credit. (a) In the event that on the CAM
Exchange Date any Letter of Credit shall be outstanding and undrawn in whole or in part, or any amount drawn under a Letter of Credit shall not have been reimbursed by any Borrower or with the proceeds of a Revolving Loan, each Revolving Lender
shall promptly pay over to the Administrative Agent, in immediately available funds and in dollars, an amount equal to such Revolving Lender’s Applicable Percentage (as notified to such Lender by the Administrative Agent) of such Letter of
Credit’s undrawn face amount (or, in the case of any Letter of Credit denominated in a currency other than dollars, the Dollar Equivalent thereof) or (to the extent it has not already done so) such Letter of Credit’s unreimbursed drawing
(or, in the case of any Letter of Credit denominated in a currency other than dollars, the Dollar Equivalent thereof), together with interest thereon from the CAM Exchange Date to the date on which such amount shall be paid to the Administrative
Agent at the rate that would be applicable at the time to an ABR Revolving Loan in a principal amount equal to such amount, as the case may be. The Administrative Agent shall establish a separate account or accounts for each Revolving Lender (each,
an “LC Reserve Account”) for the amounts received with respect to each such Letter of Credit pursuant to the preceding sentence. The Administrative Agent shall deposit in each Revolving Lender’s LC Reserve Account such
Lender’s CAM Percentage of the amounts received from 

  
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the Revolving Lenders as provided above. The Administrative Agent shall have sole dominion and control over each LC Reserve Account, and the amounts deposited in each LC Reserve Account shall be
held in such LC Reserve Account until withdrawn as provided in paragraph (b), (c), (d) or (e) below. The Administrative Agent shall maintain records enabling it to determine the amounts paid over to it and deposited
in the LC Reserve Accounts in respect of each Letter of Credit and the amounts on deposit in respect of each Letter of Credit attributable to each Lender’s CAM Percentage. The amounts held in each Lender’s LC Reserve Account shall be held
as a reserve against the LC Exposure, shall be the property of such Lender, shall not constitute Loans to or give rise to any claim of or against any Loan Party and shall not give rise to any obligation on the part of the Parent Borrower or any
other Borrower to pay interest to such Lender, it being agreed that the reimbursement obligations in respect of Letters of Credit shall arise only at such times as drawings are made thereunder, as provided in Section 2.05.

 (b) In the event that after the CAM Exchange Date any drawing shall be made in respect of a Letter of Credit, the
Administrative Agent shall, at the request of the Issuing Bank, withdraw from the LC Reserve Account of each Revolving Lender any amounts, up to the amount of such Lender’s CAM Percentage of such drawing (or in the case of any drawing under a
Letter of Credit denominated in a currency other than dollars, the Dollar Equivalent of such drawing), deposited in respect of such Letter of Credit and remaining on deposit and deliver such amounts to the Issuing Bank in satisfaction of the
reimbursement obligations of the Revolving Lenders under Section 2.05(e) (but not of the Parent Borrower and the other Borrowers under Section 2.05(f), respectively). In the event any Revolving
Lender shall default on its obligation to pay over any amount to the Administrative Agent in respect of any Letter of Credit as provided in this Section 11.02, the Issuing Bank shall, in the event of a drawing thereunder,
have a claim against such Revolving Lender to the same extent as if such Lender had defaulted on its obligations under Section 2.05(e), but shall have no claim against any other Lender in respect of such defaulted amount,
notwithstanding the exchange of interests in the reimbursement obligations pursuant to Section 11.01. Each other Lender shall have a claim against such defaulting Revolving Lender for any damages sustained by it as a result
of such default, including, in the event such Letter of Credit shall expire undrawn, its CAM Percentage of the defaulted amount. 

(c) In the event that after the CAM Exchange Date any Letter of Credit shall expire undrawn, the Administrative Agent shall
withdraw from the LC Reserve Account of each Revolving Lender the amount remaining on deposit therein in respect of such Letter of Credit and distribute such amount to such Lender. 

(d) With the prior written approval of the Administrative Agent and the Issuing Bank, any Revolving Lender may withdraw the
amount held in its LC Reserve Account in respect of the undrawn amount of any Letter of Credit. Any Revolving Lender making such a withdrawal shall be unconditionally obligated, in the event there shall subsequently be a drawing under such Letter of
Credit, to pay over to the Administrative Agent, for the account of the Issuing Bank on demand, its CAM Percentage of such drawing. 

(e) Pending the withdrawal by any Revolving Lender of any amounts from its LC Reserve Account as contemplated by the above
paragraphs, the Administrative Agent will, at the direction of such Lender and subject to such rules as the Administrative Agent may prescribe for the avoidance of inconvenience, invest such amounts in Permitted Investments. Each Revolving


  
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Lender that has not withdrawn its CAM Percentage of amounts in its LC Reserve Account as provided in paragraph (d) above shall have the right, at intervals reasonably specified by the
Administrative Agent, to withdraw the earnings on investments so made by the Administrative Agent with amounts in its LC Reserve Account and to retain such earnings for its own account. 

[Signature Pages Begin on the Next Page] 

  
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 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed by
their respective authorized officers as of the day and year first above written. 
 [See signature pages to SixthSeventh Amendment] 

  
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