# EDGAR Filing Document

**Accession Number:** 0000861459
**File Stem:** 0000861459-25-000037
**Filing Date:** 2025-8
**Character Count:** 926452
**Document Hash:** 130a3a98de75a59be99186ad5ef88997
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000861459-25-000037.hdr.sgml**: 20250806

**ACCESSION NUMBER**: 0000861459-25-000037

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 85

**CONFORMED PERIOD OF REPORT**: 20250805

**ITEM INFORMATION**: Entry into a Material Definitive Agreement

**ITEM INFORMATION**: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250806

**DATE AS OF CHANGE**: 20250806

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** GRANITE CONSTRUCTION INC
- **CENTRAL INDEX KEY:** 0000861459
- **STANDARD INDUSTRIAL CLASSIFICATION:** HEAVY CONSTRUCTION OTHER THAN BUILDING CONST - CONTRACTORS [1600]
- **ORGANIZATION NAME:** 05 Real Estate & Construction
- **EIN:** 770239383
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-12911
- **FILM NUMBER:** 251187711

**BUSINESS ADDRESS:**
- **STREET 1:** 585 WEST BEACH ST
- **CITY:** WATSONVILLE
- **STATE:** CA
- **ZIP:** 95076
- **BUSINESS PHONE:** 8317241011

**MAIL ADDRESS:**
- **STREET 1:** 585 WEST BEACH ST
- **CITY:** WATSONVILLE
- **STATE:** CA
- **ZIP:** 95076

?xml version='1.0' encoding='ASCII'? gva-20250805

**UNITED STATES SECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON, DC 20549**

**FORM 8-K**

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of the**

**Securities Exchange Act of 1934**

Date of report (Date of earliest event reported): August 5, 2025

**GRANITE CONSTRUCTION INCORPORATED** (Exact Name of Registrant as Specified in its Charter)

Delaware(State or Other Jurisdictionof Incorporation) 1-12911(CommissionFile Number) 77-0239383(IRS EmployerIdentification No.)

585 West Beach Street

Watsonville, California 95076

(Address of Principal Executive Offices) (Zip Code)

Registrant's telephone number, including area code: (831) 724-1011

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
| Common Stock, $0.01 par value | GVA | New York Stock Exchange |

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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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**Item 1.01 Entry into a Material Definitive Agreement.**

*Purchase Agreement*

On August 5, 2025, Granite Construction Incorporated, a Delaware corporation (the "Company"), entered into an Equity Purchase Agreement (the "Purchase Agreement") with LMS of Hattiesburg, L.P., a Mississippi limited partnership ("LMS"), Steven M. Warren, and Melissa W. McGee (collectively, the "Sellers") and Steven M. Warren, as representative of the Sellers. Pursuant to the Purchase Agreement, the Company purchased all of the outstanding equity interests of Slats Lucas, LLC, a Mississippi limited liability company ("Slats Lucas") and Warren Paving, Inc., a Mississippi corporation ("Warren Paving"), from the Sellers for $540.0 million, subject to customary closing adjustments (the "Transaction"). The purchase price was paid using a portion of the proceeds from a new $600.0 million senior secured term loan, as described further below.

The Purchase Agreement contained customary representations, warranties and covenants made by each of the Sellers and the Company. The Company has obtained a representation and warranty insurance policy to provide coverage for certain breaches of representations and warranties of the Sellers, which is subject to certain exclusions, deductibles and other terms and conditions set forth therein.

The foregoing description of the Purchase Agreement is qualified in its entirety by reference to the Purchase Agreement attached as Exhibit 2.1 to this Current Report on Form 8-K and incorporated herein by reference. The Purchase Agreement is included to provide investors and security holders with information regarding its terms. It is not intended to provide any other factual information about the Company, the Sellers or any of their respective businesses, subsidiaries or affiliates. The representations, warranties and covenants contained in the Purchase Agreement (1) were made by the parties thereto only for purposes of that agreement and as of specific dates; (2) were made solely for the benefit of the parties to the Purchase Agreement; (3) may be subject to limitations agreed upon by the parties, including being qualified by disclosures made for the purposes of allocating contractual risk between the parties to the Purchase Agreement instead of establishing those matters as facts and (4) may be subject to standards of materiality applicable to the contracting parties that differ from those applicable to investors. Moreover, information concerning the subject matter of the representations, warranties and covenants may change after the date of the Purchase Agreement, which subsequent information may or may not be fully reflected in public disclosures by the Company. Accordingly, investors should not read the representations and warranties in the Purchase Agreement in isolation, but only in conjunction with the other information about the Company and its subsidiaries that the Company includes in reports, statements and other filings it makes with the Securities and Exchange Commission.

*Amendment and Restatement of Credit Agreement*

The Company entered into the Fifth Amended and Restated Credit Agreement, dated as of August 5, 2025, among the Company, Granite Construction Company, and GILC Incorporated, as borrowers, Bank of America, N.A., as administrative agent, collateral agent, swing line lender and L/C issuer, and the lenders and other parties thereto (the "A&R Credit Agreement"). The A&R Credit Agreement amends and restates the Fourth Amended and Restated Credit Agreement, dated as of June 2, 2022, by and among the Company, Granite Construction Company and GILC Incorporated, as borrowers, Bank of America, N.A., as administrative agent, collateral agent, swing line lender and L/C issuer, and the lenders and other parties thereto to, among other things, provide for (1) a $600.0 million senior secured revolving credit facility (the "Revolver"), (2) a $600.0 million senior secured term loan (the "Initial Term Loan") and (3) a senior secured term loan in an aggregate amount not to exceed $75.0 million (the "Delayed Draw Term Loan" and together with the Initial Term Loan, the "Term Loans"). The Delayed Draw Term Loan may be borrowed from the closing date of the A&R Credit Agreement until six months after the closing date (the "Term Loan Availability Period"), subject to voluntary termination by the Company of the Delayed Draw Term Loan commitments and termination of the Delayed Draw Term Loan commitments upon the occurrence of an Event of Default (as defined in the A&R Credit Agreement) at the request of or with the consent of the required lenders. The A&R Credit Agreement also includes an accordion feature that allows the Company to increase borrowings under the Revolver, request a new tranche of term loans, or issue one or more series of notes (whether issued in a public offering, Rule 144A or other private placement or purchase or otherwise) or loans or any bridge financing pursuant to financing documentation other than the A&R Credit Agreement, or a combination thereof, in an amount not to exceed (1) the greater of (a) $535.0 million and (b) the amount equal to 100% of Consolidated EBITDA (as defined in the A&R Credit Agreement), calculated on a pro forma basis, plus (2) unlimited additional amounts so long as on a pro forma basis after giving effect to the incurrence of additional indebtedness and after giving effect to all other appropriate pro forma adjustments, the ratio of consolidated funded secured indebtedness to Consolidated EBITDA (as defined in the A&R Credit Agreement) does not exceed 1.25 to 1.0, in each case, subject to lender approval.

The A&R Credit Agreement includes a $150.0 million sublimit for letters of credit ($75.0 million for financial letters of credit) and a $20.0 million sublimit for swingline loans. As of the date hereof, the total unused availability under the Revolver is $570.4 million, resulting from $19.6 million in issued and outstanding letters of credit and $10.0 million of outstanding revolving loans, and the $600.0 million Initial Term Loan is outstanding.

The Company may borrow under the A&R Credit Agreement, at its option, at either (a) a term Secured Overnight Financing Rate ("SOFR") plus an applicable margin initially and through the delivery of the March 31, 2026 compliance certificate of 1.75% and then ranging from 1.25% to 2.0%, or (b) a base rate plus an applicable margin initially and through the delivery of the March 31, 2026 compliance certificate of 0.75% and then ranging from 0.25% to 1.0%. After delivery of the March 31, 2026 compliance certificate,

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the applicable margin will be based on our consolidated leverage ratio set forth on the most recent compliance certificate delivered quarterly. In addition, the Company has agreed to pay an unused commitment fee initially and through the delivery of the March 31, 2026 compliance certificate of 0.300% and then ranging from 0.175% to 0.350%, depending on the Company's consolidated leverage ratio set forth on the most recent compliance certificate delivered quarterly. Further, during the Term Loan Availability Period, the Company has agreed to pay a ticking fee ranging from 0.175% to 0.350%, depending on the Company's consolidated leverage ratio, on the amount by which the commitment for Term Loans of $675.0 million exceeds the amount of outstanding Term Loans. The ticking fee will be payable beginning on the 60<sup>th</sup> day after closing and during the Term Loan Availability Period or until the Delayed Draw Term Loan is made.

The Term Loans will mature on August 5, 2030 (the "Maturity Date") and will amortize at 2.5% per year payable in quarterly installments beginning with the quarter ending December 31, 2026 through September 30, 2027 and increasing to 5.0% per year payable in quarterly installments until the Maturity Date. The Revolver also matures on the Maturity Date, and no letters of credit issued under the A&R Credit Agreement can have an expiration later than seven days prior to the Maturity Date unless cash collateral arrangements acceptable to the letter of credit issuer have been made.

The financial covenants contained in the A&R Credit Agreement require the maintenance of a minimum consolidated interest coverage ratio of no less than 3.00 to 1.00 and a maximum consolidated leverage ratio of no more than 3.75 to 1.00 (or 4.25 to 1.00 for each of the four consecutive fiscal quarters ending after any acquisition permitted under the A&R Credit Agreement occurs for cash consideration in excess of $100.0 million).

The A&R Credit Agreement contains certain other restrictive covenants that limit the Company's ability, among other things, to incur certain liens, make certain types of investments, incur additional indebtedness, change the nature of the Company's business or operations, merge, consolidate, or combine with other entities, sell assets, or make certain payments.

The Company's obligations under the A&R Credit Agreement are guaranteed by certain of the Company's subsidiaries and are secured by first priority liens on substantially all of the assets, other than real property, of the Company and the Company's subsidiaries that are guarantors or borrowers under the A&R Credit Agreement.

The obligations of the Company under the A&R Credit Agreement may be accelerated upon the occurrence of an Event of Default. Events of Default include customary events for a financing agreement of this type, including, without limitation, payment defaults, a material inaccuracy of representations and warranties, defaults in the performance of certain affirmative and negative covenants, defaults on certain other indebtedness of the Company or its subsidiaries, bankruptcy or related defaults, defaults related to certain judgments and the occurrence of a Change in Control (as defined in the A&R Credit Agreement).

The guaranty arrangements under the A&R Credit Agreement were amended and restated pursuant to the Fifth Amended and Restated Guaranty Agreement, dated August 5, 2025, by and among the Company, certain subsidiaries of the Company party thereto as guarantors and Bank of America, N.A., as administrative agent (the "A&R Guaranty Agreement").

The foregoing description of the A&R Credit Agreement and the A&R Guaranty Agreement is qualified in its entirety by reference to the A&R Credit Agreement and the A&R Guaranty Agreement attached as Exhibit 10.1 and Exhibit 10.2, respectively, to this Current Report on Form 8-K and incorporated herein by reference.

**Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.**

The information regarding the A&R Credit Agreement and the A&R Guaranty Agreement set forth under Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference.

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**Item 9.01 Financial Statements and Exhibits.**

(d) *<u>Exhibits</u>.*

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| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| 2.1 | <u>[Equity Purchase Agreement, dated August 5, 2025 by and among Granite Construction Incorporated, LMS of Hattiesburg, L.P., Steven M. Warren, Melissa W. McGee and Steven M. Warren, as sellers' representative.](projecthubcity-equitypur.htm)</u> |
| 10.1 | <u>[Fifth Amended and Restated Credit Agreement, dated as of August 5, 2025, by and among Granite Construction Incorporated, Granite Construction Company and GILC Incorporated, as borrowers, Bank of America, N.A., as administrative agent, collateral agent, swing line lender and L/C issuer, and the lenders and other parties thereto.](bankofamerica_granitecon.htm)</u> |
| 10.2 | <u>[Fifth Amended and Restated Guaranty Agreement, dated as of August 5, 2025, by and among Granite Construction Incorporated, the other guarantors party thereto and Bank of America, N.A., as administrative agent.](bankofamerica_granitexfi.htm)</u> |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

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**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

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| | |
|:---|:---|
| GRANITE CONSTRUCTION INCORPORATED | GRANITE CONSTRUCTION INCORPORATED |
| By: | /s/ Staci M. Woolsey |
|  | Staci M. Woolsey |
|  | Executive Vice President and Chief Financial Officer |

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Date: August 6, 2025

## Exhibit 2.1

![](projecthubcity-equitypur001.jpg)

EXECUTION VERSION EQUITY PURCHASE AGREEMENT among LMS OF HATTIESBURG, L.P., STEVEN M. WARREN, and MELISSA W. MCGEE as Sellers and STEVEN M. WARREN, as Seller Representative and GRANITE CONSTRUCTION INCORPORATED, as Purchaser i **TABLE OF CONTENTS** ARTICLE 1 DEFINITIONS AND INTERPRETATION ..........................................................2 1.1 Definitions ...............................................................................................................2 1.2 Interpretation .......................................................................................................17 ARTICLE 2 PURCHASE AND SALE ......................................................................................18 2.1 Purchase and Sale ................................................................................................18 2.2 Purchase Price ......................................................................................................18 2.3 Escrow Funds .......................................................................................................18 2.4 Payment Instructions Letter ...............................................................................19 2.5 Transactions to be Effected at the Closing. .......................................................19 2.6 Purchase Price Adjustment. ................................................................................22 2.7 Closing ...................................................................................................................25 2.8 Allocation ..............................................................................................................25 2.9 Withholding. .........................................................................................................26 ARTICLE 3 REPRESENTATIONS AND WARRANTIES OF SELLERS ..........................26 3.1 Organization and Authority of Sellers ...............................................................26 3.2 Organization; Authority; Qualification of the Target Companies; Organizational Documents ..................................................................................27 3.3 Capitalization; Ownership of Equity Interests. ................................................27 3.4 No Conflicts; Consents ........................................................................................28 3.5 Financial Statements ............................................................................................29 3.6 Undisclosed Liabilities .........................................................................................30 3.7 Absence of Certain Changes, Events, and Conditions .....................................30 3.8 Material Contracts. ..............................................................................................33 3.9 Government Contracts. .......................................................................................35 3.10 Title to Assets; Real Property .............................................................................39 3.11 Intellectual Property; IT Systems. ......................................................................41 3.12 Insurance. .............................................................................................................43 3.13 Legal Proceedings; Governmental Orders ........................................................44 3.14 Compliance With Laws; Permits ........................................................................44 3.15 Environmental Matters. ......................................................................................45 3.16 Employee Benefit Matters. ..................................................................................46 ii 3.17 Employment Matters. ..........................................................................................48 3.18 Taxes......................................................................................................................49 3.19 R&W Insurance Policy ........................................................................................52 3.20 Customers and Suppliers ....................................................................................53 3.21 Bank Accounts ......................................................................................................53 3.22 Transactions With Related Parties .....................................................................53 3.23 Accounts Receivable; Inventory .........................................................................54 3.24 Brokers ..................................................................................................................54 3.25 No Other Representations and Warranties .......................................................54 ARTICLE 4 REPRESENTATIONS AND WARRANTIES OF PURCHASER ...................55 4.1 Organization and Authority of Purchaser .........................................................55 4.2 No Conflicts; Consents ........................................................................................55 4.3 Investment Purpose .............................................................................................56 4.4 Brokers ..................................................................................................................56 4.5 Sufficiency of Funds .............................................................................................56 4.6 Legal Proceedings ................................................................................................56 4.7 Independent Investigation. ..................................................................................56 4.8 No Other Representations and Warranties .......................................................57 ARTICLE 5 COVENANTS ........................................................................................................57 5.1 Employees; Benefit Plans. ...................................................................................57 5.2 Director and Officer Indemnification and Insurance.......................................58 5.3 Confidentiality ......................................................................................................59 5.4 Post-Closing Confidentiality; Non-Compete; Non-Solicitation; Non- Disparagement......................................................................................................59 5.5 Release ...................................................................................................................61 5.6 R&W Insurance Policy ........................................................................................61 5.7 Books and Records ...............................................................................................62 5.8 Tax Matters ..........................................................................................................62 5.9 Public Announcements ........................................................................................68 5.10 Further Assurances ..............................................................................................69 5.11 Wrong Pockets .....................................................................................................69 5.12 Employee Retention Bonuses ..............................................................................69 iii 5.13 Purchase Commitment ........................................................................................70 ARTICLE 6 INDEMNIFICATION; LIMITATIONS TO LIABILITIES .............................70 6.1 Survival .................................................................................................................70 6.2 Indemnification by the Sellers ............................................................................71 6.3 Indemnification by the Purchaser ......................................................................71 6.4 Indemnification Procedures. ...............................................................................72 6.5 Limitation of Liability .........................................................................................74 6.6 Certain Liability ...................................................................................................75 6.7 Payments ...............................................................................................................75 6.8 Specific Indemnity Matter ..................................................................................75 6.9 Exclusive Remedy ................................................................................................76 6.10 Non-Recourse .......................................................................................................77 ARTICLE 7 MISCELLANEOUS ..............................................................................................77 7.1 Seller Representative. ..........................................................................................77 7.2 Expenses ................................................................................................................78 7.3 Notices ...................................................................................................................79 7.4 Disclosure Schedules ............................................................................................79 7.5 Headings................................................................................................................80 7.6 Severability ...........................................................................................................80 7.7 Entire Agreement .................................................................................................80 7.8 Successors and Assigns ........................................................................................80 7.9 No Third-Party Beneficiaries ..............................................................................80 7.10 Amendment and Modification; Waiver .............................................................80 7.11 Governing Law; Dispute Resolution; Waiver of Jury Trial. ...........................81 7.12 Specific Performance ...........................................................................................82 7.13 Counterparts ........................................................................................................82 7.14 Conflict Waiver; Attorney-Client Privilege. ......................................................82 ANNEXES Annex A – Accounting Principles

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![](projecthubcity-equitypur002.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;1 EQUITY PURCHASE AGREEMENT This Equity Purchase Agreement (this "Agreement"), dated as of the 5th day of August 2025, is entered into by and among (i) LMS of Hattiesburg, L.P., a Mississippi limited partnership ("LMS"); (ii) Steven M. Warren, an individual resident of the State of Mississippi ("Steven"); (iii) Melissa W. McGee, an individual resident of the State of Mississippi ("Missy" and, collectively with LMS and Steven, the "Sellers", and each, a "Seller"); (iv) Seller Representative; and (v) Granite Construction Incorporated, a Delaware corporation ("Purchaser"). RECITALS A. LMS owns all of the issued and outstanding shares of capital stock of Warren Paving (the "Capital Stock"). B. Warren Paving owns one hundred percent (100%) of the issued and outstanding membership interests of: (i) Slats Lucas Aggregates; (ii) Slats Lucas Alabama; and (iii) Slats Lucas Sand. C. Blacktopper, Necaise Construction, LS Aviation, and Warren Ventures are referred to herein as the "Excluded Entities", with the ownership of such Excluded Entities having been as follows: (i) Warren Paving owns one hundred percent (100%) of the issued and outstanding common stock of Necaise Construction; (ii) Warren Ventures owns one hundred percent (100%) of the issued and outstanding membership interests of LS Aviation; (iii) Steven and certain of Steven's children collectively own one hundred percent (100%) of the issued and outstanding membership interests of Warren Ventures; and (iv) Steven owns one hundred percent (100%) of the issued and outstanding membership interests of Blacktopper. D. Steven and Missy collectively own all of the issued and outstanding membership interests of Slats Lucas (the "Membership Interests" and, collectively with the Capital Stock, and the equity interests of each Subsidiary LLC, the "Equity Interests"). E. Prior to the date of this Agreement, Warren Paving sold, assigned, contributed, distributed, or otherwise transferred, to Sellers or designees of Sellers, all right, title, and interest owned by Warren Paving in the issued and outstanding common stock of Necaise Construction, or otherwise caused one or more Sellers and/or their Affiliates to retain, all of their respective right, title, and interest, as applicable, in, to, and under all Excluded Assets, such that, at the Closing, the Excluded Assets shall not be transferred to Purchaser or any of Purchaser's Affiliates (including the Target Companies) (the "Pre-Closing Reorganization"). F. Sellers wish to sell to Purchaser, and Purchaser wishes to purchase from Sellers, the Equity Interests, subject to the terms and conditions set forth herein. NOW, THEREFORE, in consideration of the mutual covenants and agreements hereinafter set forth and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 2 ARTICLE 1 DEFINITIONS AND INTERPRETATION 1.1 Definitions. The following terms have the meanings specified or referred to in this Article 1: "AAA" is defined in Section 7.11(b). "Accounting Principles" means the accounting principles, policies, procedures and categorizations set out in Annex A. "Accounting Referee" means a mutually agreeable accountant at Ernst & Young LLP or, if such firm is unable or unwilling to act, such other nationally recognized, independent accounting firm as shall be mutually agreed in writing by the Seller Representative and the Purchaser. "Action" means any judicial, administrative or arbitration action, charge, suit, proceeding (public, private, civil or criminal), cause of action, examination, demand, hearing, claim, complaint, lawsuit, inquiry, dispute, audit, notice of violation, litigations, citations, summons, subpoenas, or investigation, of any nature, civil, criminal, administrative, regulatory or otherwise, whether at law of in equity, in each case by or before any Governmental Authority. "Adjustment Escrow Fund" means the Adjustment Escrow Fund Amount deposited with the Escrow Agent, as such amount may be increased or decreased as provided in this Agreement and the Escrow Agreement, including any remaining interest or other amounts earned therein. "Adjustment Escrow Fund Amount" means an amount equal to six million dollars ($6,000,000). "Affiliate" of a Person means any other Person that directly or indirectly, through one or more intermediaries, controls, is controlled by, or is under common control with, such Person, including any general partner, managing member, officer or director of such Person or any other Person who is now or hereafter existing that is controlled by one or more general partners or managing members of, or shares the same management company with, such Person. The term "control" (including the terms "controlled by" and "under common control with") means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of a Person, whether through the ownership of voting securities, by contract, or otherwise. With respect to any natural Person, "Affiliate" will include such Person's relatives within the second degree of consanguinity or affinity, and with respect to any trust, "Affiliate" will include the beneficiaries and trustees of such Person. "Agreement" is defined in the preamble. "Allocation" is defined in Section 2.8. "Allocation Schedule" is defined in Section 2.8. "Ancillary Documents" means the Assignment of Membership Interests, Assignment of Capital Stock, the Escrow Agreement and all other agreements, documents, instruments, or 3 certificates delivered or required to be delivered by any party at the Closing pursuant to this Agreement. "Assignment of Capital Stock" means the Assignment and Assumption of Capital Stock with respect to the Capital Stock to be executed by LMS at the Closing, in form and substance reasonably acceptable to Purchaser. "Assignment of Membership Interests" means the Assignment and Assumption of Membership Interests with respect to the Membership Interests to be executed by Steven and Missy at the Closing, in form and substance reasonably acceptable to Purchaser. "Audited Financial Statements" is defined in Section 3.5(a). "Balance Sheet Date" is defined in Section 3.5(a). "Balance Sheet" is defined in Section 3.5(a). "Benefit Plan" is defined in Section 3.16(a). "Blacktopper" means Blacktopper, LLC, a Mississippi limited liability company. "Business" means the Target Companies' business of producing, selling and distributing aggregate and asphalt, providing asphalt paving and construction services, engaging in the marine transportation and logistics of construction aggregates, including sand, gravel and crushed stone, with the use of barges and towboats to move and unload such bulk materials along the Mississippi River system, and such other commercial activities as were previously conducted at any time during the five (5) years prior to the date of this Agreement or are currently conducted as of the date of this Agreement. For the sake of clarity, the parties agree that the Excluded Entities engage in the commercial activities set forth on Schedule 1.1-1 and such activities, to the extent they are independent of and wholly unrelated to the business of the Target Companies, are not included in the definition of Business. "Business Day" means any day except Saturday, Sunday, or any other day on which commercial banks located in New York, New York are authorized or required by Law to be closed for business. "Capital Stock" is defined in the recitals. "Cash" means, without duplication, all cash and cash equivalents (that are convertible to cash within 45 days) of the Target Companies, other than what is not freely usable by Purchaser because it may be subject to restrictions, limitations or Taxes on use or distribution, whether by Law, contract or circumstance, as to how or when it may be used, including restrictions on dividends and repatriations, or other similar obligations. Cash shall be calculated net of any checks written, wire transfers and other outbound transactions that have not cleared on the date of determination. 4 "CERCLA" means the Comprehensive Environmental Response, Compensation, and Liability Act of 1980, as amended by the Superfund Amendments and Reauthorization Act of 1986, 42 U.S.C. §§ 9601 et seq. "Clean Team Confidentiality Agreement" means the Clean Team Confidentiality Agreement, dated as of April 30, 2025, between Purchaser and Warren Paving. "Closing" is defined in Section 2.7. "Closing Cash" means the aggregate total of all Cash as of the Effective Time. "Closing Date" is defined in Section 2.7. "Closing Indebtedness" means the aggregate total of all outstanding Indebtedness as of the Closing. "Closing Statement" is defined in Section 2.6(b)(i). "Closing Transaction Expenses" means the aggregate total of all Transaction Expenses remaining unpaid as of the Closing. "Closing Working Capital" means the aggregate amount of Net Working Capital of the Target Companies, determined as of the Effective Time in accordance with the Accounting Principles. "Code" means the Internal Revenue Code of 1986, as amended. "Company Intellectual Property" is defined in Section 3.11(b). "Company IT" is defined in Section 3.11(f). "Company Service Provider" means any current or former director (whether or not an employee), officer, employee, individual independent contractor, individual consultant or agent of any Target Company. "Confidential Information" is defined in Section 5.4(a). "Confidentiality Agreement" means the Confidentiality Agreement, dated as of March 19, 2025, between Purchaser and one or more of the Target Companies and/or Sellers. "Consent" means any consent, approval, authorization, action, consultation, novation, Permit, exception, exemption, waiver or other Governmental Order of, action by, filing, registration, designation or declaration with, or notification to any Governmental Authority or other Person. "Contest" is defined in Section 5.8(c)(i). "Continuing Employee" is defined in Section 5.1(a).

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![](projecthubcity-equitypur003.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;5 "Controlling Party" is defined in Section 6.4(b)(iv). "Covered Person" is defined in Section 5.2(a). "Data Room" means the electronic documentation site established by The Orr Group on behalf of Sellers, available at https://wwwna2.dfsvenue.com/p/2024013861/_layouts/rrdsunprogs/documentlibrary.aspx. "Disbursing Agent" means PNC National Association, in its capacity as disbursing agent pursuant to the Disbursing Agreement. "Disbursing Agreement" shall mean that certain disbursing agreement, dated as of the date hereof, by and among the Purchaser and the Disbursing Agent. "Disclosure Schedules" or "Schedules" means the Disclosure Schedules delivered by Sellers concurrently with the execution and delivery of this Agreement. "Disputed Amounts" is defined in Section 2.6(c)(iii). "Dollars" or "$" means the lawful currency of the United States. "Effective Time" is defined in Section 2.7. "Employees" means those Persons employed by the Target Companies immediately prior to the Closing. "Encumbrance" means any lien, pledge, mortgage, deed of trust, security interest, charge, claim, easement, encroachment, restriction, option, right of first refusal, or other similar encumbrance or burden on title or use. "Environmental Claim" means any Action by any Person alleging Liability of whatever kind or nature (including Liability or responsibility for the costs of enforcement proceedings, investigations, cleanup, governmental response, removal or remediation, natural resources damages, property damages, personal injuries, medical monitoring, penalties, contribution, indemnification, and injunctive relief) arising out of, based on, or resulting from: (a) the presence of, Release of, or exposure to, any Hazardous Materials, including the existence of Hazardous Materials upon, about, or beneath the Real Property or Former Real Property or migrating or threatening to migrate to or from the Real Property or Former Real Property; (b) any actual or alleged non-compliance with any Environmental Law or term or condition of any Environmental Permit or any Liability or obligation under any Environmental Laws relating to any Target Company, the Real Property, the Former Real Property, or any real property or facility to which Hazardous Materials generated by any Target Company have been sent, regardless of whether the existence of such Hazardous Materials, liability or violation of Environmental Laws arose prior to the ownership or operation of the Real Property or the Former Real Property by the Target Companies; (c) injury to Persons arising out of exposure to asbestos or respirable crystalline silica; or (d) the acts, omissions or status of the Target Companies or the Sellers at the time. 6 "Environmental Law" means any applicable Law, and any Governmental Order or binding agreement with any Governmental Authority relating to: (a) occupational health or safety; (b) the pollution (or the cleanup thereof) or the protection of natural resources, endangered or threatened species, human health or safety, or the environment (including ambient or indoor air, soil, surface water or groundwater, or subsurface strata); (c) the manufacturing, distribution, handling, use, containment, storage, recycling, reclamation, reuse, treatment, generation, discharge, transportation, processing, production or disposal of any Hazardous Materials or any exposure to, Release or Remediation of Hazardous Materials; (d) exposure of Persons to Hazardous Materials; and (e) material, deferred reclamation Liabilities, obligations or requirements. The term "Environmental Law" includes, without limitation, the following (including their implementing regulations and any state analogs): CERCLA; the Solid Waste Disposal Act, as amended by the Resource Conservation and Recovery Act of 1976, as amended by the Hazardous and Solid Waste Amendments of 1984, 42 U.S.C. §§ 6901 et seq.; the Federal Water Pollution Control Act of 1972, as amended by the Clean Water Act of 1977, 33 U.S.C. §§ 1251 et seq.; the Toxic Substances Control Act of 1976, as amended, 15 U.S.C. §§ 2601 et seq.; the Emergency Planning and Community Right-to-Know Act of 1986, 42 U.S.C. §§ 11001 et seq.; the Clean Air Act of 1966, as amended by the Clean Air Act Amendments of 1990, 42 U.S.C. §§ 7401 et seq.; the Federal Insecticide, Fungicide and Rodenticide Act of 1910, as amended, 7 U.S.C. §§ 136 et seq.; the Oil Pollution Act of 1990, as amended, 33 U.S.C. §§§ 2701 et seq.; and the Occupational Safety and Health Act of 1970, as amended, 29 U.S.C. §§ 651 et seq. "Environmental Notice" means any written directive, notice of violation or infraction, or notice respecting any Environmental Claim relating to actual or alleged non-compliance with any Environmental Law or any term or condition of any Environmental Permit. "Environmental Permit" means any Permit, letter, clearance, Consent, waiver, closure, exemption, decision, or other action required under or issued, granted, given, authorized by or made pursuant to Environmental Law. "Equity Interests" is defined in the recitals. "ERISA" means the Employee Retirement Income Security Act of 1974, as amended, and the regulations promulgated thereunder. "ERISA Affiliate" means each Person that is or was, or at any relevant time would be, treated as a single employer with a Target Company under Section 414 of the Code. "Escrow Agent" means PNC Bank, National Association, in its capacity as escrow agent pursuant to the Escrow Agreement. "Escrow Agreement" means that certain escrow agreement, dated as of the date hereof, entered into by and among Escrow Agent, the Purchaser and Seller Representative. "Escrow Fund" means the Adjustment Escrow Fund and the Specific Indemnity Escrow Fund. "Escrow Fund Amount" means the Adjustment Escrow Fund Amount and the Specific Indemnity Escrow Fund Amount. 7 "Estimated Closing Cash" is defined in Section 2.6(a)(ii)(D). "Estimated Closing Date Payment" is defined in Section 2.6(a)(i). "Estimated Closing Indebtedness" is defined in Section 2.6(a)(ii)(B). "Estimated Closing Statement" is defined in Section 2.6(a)(ii). "Estimated Closing Transaction Expenses" is defined in Section 2.6(a)(ii)(C). "Estimated Closing Working Capital" is defined in Section 2.6(a)(ii)(A). "Excluded Assets" means the Excluded Entities and the assets and liabilities owned by the Excluded Entities, including the assets identified on Schedule 1.1-1. "Excluded Entities" is defined in the recitals. "Excluded Equity Interests" means the equity interests of the Excluded Entities. "Excluded Taxes" means, regardless of the disclosure of any matter set forth in the Disclosure Schedules, (a) any Taxes imposed on, or with respect to, the Target Companies for a Pre-Closing Tax Period (determined in the case of the portion of a Straddle Period ending on the Closing Date in accordance with Section 5.8(a)); (b) any Taxes of another Person (other than another Target Company) for which a Target Company is responsible as a result of such Target Company being (or ceasing to be) (i) a member of an affiliated, consolidated, combined, unitary, aggregate or similar group at any time prior to the Closing Date or (ii) a transferee or successor, in each case which Taxes relate to an event occurring on or before the Closing Date; (c) any Taxes of another Person (other than another Target Company) for which a Target Company is liable as a result of an obligation arising on or prior to the Closing Date to indemnify, pay or otherwise assume or succeed to the Taxes of any other Person (other than pursuant to a contract entered into in the Ordinary Course of Business and the principal subject matter of which is not Taxes); (d) any Taxes imposed on Purchaser or any of its Affiliates (including, following the Closing, any Target Company) arising from, or related to, any breach of, or inaccuracy in, any of the representations and warranties set forth in Section 3.18; provided, however, that for purposes of determining whether there has been a breach or alleged breach of any representation or warranty, and in calculating the amount of any Loss with respect to any such breach or alleged breach, all qualifications in such representation or warranty referencing the terms "material", "materiality", "Material Adverse Effect" or other terms of similar import or effect shall be disregarded; (e) any Transfer Taxes for which the Sellers are liable pursuant to Section 5.8(e); (f) any Taxes imposed on Purchaser or any of its Affiliates (including the Target Companies) arising as a result of the failure to deduct or withhold the correct amount of Taxes with respect to any amount payable to Sellers under this Agreement (other than any such Taxes arising from the failure to deduct or withhold the correct amount of Taxes as a result of the gross negligence of Purchaser); (g) Taxes imposed on or with respect to the Target Companies as a result of or attributable to the Pre-Closing Reorganization or the implementation of the Pre-Closing Reorganization; and (h) any and all Taxes imposed on or with respect to Purchaser or any of its Affiliates (including the Target Companies) arising out of or relating to any Post-Closing Bonuses; provided, however, that Excluded Taxes 8 shall not include any Taxes to the extent such Taxes are taken into account in the calculation of Closing Indebtedness, Closing Working Capital or Closing Transaction Expenses. "FAR" is defined in Section 3.9(c)(vi). "Fee Property" means all mineral interests in, on and under the Owned Property, together with all associated (a) executive rights, including the right to execute leases, (b) rights to receive all royalties (including lessor royalties), production payments, bonuses, rentals, shut-in royalties, and all other profits or income attributable to the foregoing, and (c) rights of reversion and any and all other rights relating to the ownership thereof. "Final Closing Date Payment" means the Purchase Price (a) either (i) increased by the amount, if any, by which the Closing Working Capital is greater than the Target Working Capital, or (ii) decreased by the amount, if any, by which the Closing Working Capital is less than the Target Working Capital; (b) decreased by the amount of Closing Indebtedness; (c) decreased by the amount of Closing Transaction Expenses; and (d) increased by the amount of Closing Cash, each clause (a), clause (b), clause (c), and clause (d) as finally determined in accordance with Section 2.6(c). "Financial Statements" is defined in Section 3.5(a). "Former Real Property" means any Real Property or facility formerly owned, leased, or operated by the Target Companies. "Fraud" means, with respect to a party, an actual and intentional misrepresentation or omission of fact with respect to the making of any representations or warranties set forth in Article 3 or Article 4, as the case may be, of this Agreement, made by such party, (a) with respect to the Target Companies or a Seller, to a Seller's Knowledge, or (b) with respect to Purchaser, to Purchaser's actual knowledge, following reasonable and due inquiry, in each case, of its falsity or omission and made for the purpose of inducing the other party to act (or refrain from acting), and upon which the other party justifiably relies with resulting Losses. For the avoidance of doubt, Fraud shall not include any claim for equitable fraud, constructive fraud, promissory fraud, unfair dealings fraud, fraud by reckless or negligent misrepresentations, or any tort based on negligence or recklessness. "GAAP" means United States generally accepted accounting principles in effect from time to time. "Government Bid" is defined in Section 3.9(a). "Government Contract" is defined in Section 3.9(a). "Governmental Authority" means any (a) nation, state, county, province, city, town, village, district, territory or other jurisdiction of any nature; (b) federal, state, local, municipal, foreign, or other government; (c) governmental, administrative, judicial or quasi-governmental authority of any nature (including any governmental agency, branch, bureau, department, board, commission, official, or entity and any court or other tribunal); (d) international, supranational or multi-national organization or body; (e) body exercising, or entitled to exercise, any

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&nbsp;&nbsp;&nbsp;&nbsp;9 administrative, executive, judicial, legislative, police, regulatory, or taxing authority or power of any nature; or (f) any arbitration tribunal or body or other non-governmental authority (including self-regulatory organizations) with applicable jurisdiction. "Governmental Order" means any order, writ, judgment, injunction, decree, stipulation, determination, or award entered by or with any Governmental Authority. "Hazardous Materials" means any substance: (a) the presence of which in the environment requires investigation or Remediation under any Environmental Law; (b) that is defined as a "solid waste", "hazardous waste", "extremely hazardous waste", "acutely hazardous waste", "hazardous substance", "hazardous material", "radioactive waste", "biohazardous waste", "infectious waste", "toxic substances", "pollutant", "contaminant", or any other term or expression intended to define, list, regulate or classify substances by reason of dangerous or deleterious properties or characteristics harmful to health, safety or the indoor or outdoor environment under, or that could give rise to liability under, any Environmental Law; (c) that is toxic, explosive, corrosive, flammable, infectious, radioactive, carcinogenic, mutagenic or otherwise hazardous and is regulated by any Governmental Authority; (d) the presence of which causes or threatens to cause or give rise to a nuisance, trespass or other tortious condition or any other liability; (f) that contains gasoline, diesel fuel, fuel oil, petroleum hydrocarbons, petroleum fraction, petroleum additive, petroleum derived substance PCBs, asbestos, lead-based paint or urea formaldehyde foam insulation; or (g) that contains mold at levels or in conditions that could cause adverse health effects. "HSR Act" means the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended. "Income Taxes" means Taxes imposed on, or determined by reference to, income, including net income, net profits or branch profits (including any gross receipts Tax or franchise Tax imposed in lieu of the foregoing), together with any interest, penalties or additions thereto. "Indebtedness" means, without duplication, all obligations of the Target Companies: (a) for borrowed money or other monetary obligations, whether short-term or long-term, secured or unsecured, interest-bearing or not; (b) evidenced by notes, bonds, debentures, other debt securities, or other similar securities or instruments; (c) for the deferred or unpaid purchase price of assets, property, securities, goods, or services (other than trade payables incurred in the Ordinary Course of Business), including all earn-out payments, seller notes, indemnifications, holdbacks and similar payments; (d) under interest rate, commodity, or currency swap, hedge, derivative, or similar transactions (valued at the termination value thereof); (e) any bank overdrafts; (f) Liabilities under securitization or factoring agreements; (g) declared but unpaid dividend or distributions, including any Tax distributions of any Target Company that have been declared, accrued, or are otherwise due and payable but not yet paid prior to the Closing; (h) Liabilities related to or arising out of the underfunding of any defined benefit plan or any other employee benefit plan (including any withdrawal Liabilities or other amounts with respect to any Benefit Plan); (i) the Specified Income Tax Amount; (j) all withholding Taxes (i) the payment of which has been deferred pursuant to the relevant provisions of the Coronavirus Aid, Relief, and Economic Security Act or similar Laws or Covid-19 and (ii) arising from or related to a Post-Closing Bonus; (k) under any financing or capital leases in accordance with GAAP (but excluding any obligations of any of the Target 10 Companies that are or would have been treated as operating leases for purposes of GAAP prior to the effectiveness of ASC 842 (or any similar release)); (l) any obligations under drawn letters of credit or similar credit transactions or obligations; (m) any off balance sheet financial obligations, including synthetic leases and project financing; (n) any management or consultant fees; (o) customer deposits or advanced payments for work not yet completed; (p) costs relating to the Pre- Closing Reorganization; (q) obligations secured by a purchase money mortgage or other Encumbrance to secure all or part of the purchase price of properties, securities, businesses or assets subject to such mortgage or lien; (r) accrued or unpaid interest to and including the Closing Date in respect of any of the obligations described in the foregoing clauses and all premiums, penalties, breakage costs, make-whole obligations, charges, fees, reimbursements, expenses, indemnities, and other amounts that are or would be due (including with respect to early termination) in connection with the payment and satisfaction in full of such obligations; (s) any committed capital expenditures that have not been paid for prior to the Closing; and (t) in the nature of guarantees of, or secured by any Encumbrance (other than a Permitted Encumbrance) upon any property or asset owned by a Target Company for the obligations described in clauses (a) through (s) above of any other Person (whether directly or indirectly). For the avoidance of doubt, the term "Indebtedness" shall not include (i) any amounts included in the Transaction Expenses, (ii) normal mining reclamation Liabilities (provided such Liabilities are consistent in scope and amount as historically incurred by the Target Companies), (iii) any obligations under undrawn letters of credit or similar credit transactions or obligations, (iv) any amounts considered or deemed to be unearned revenue related to work-in-progress, (v) any amounts included in the calculation of Closing Working Capital, and (vi) solely with respect to (k), any of the leases listed in Schedule 1.1-2. "Information Technology" means all information technology systems, servers, computers, software, hardware, firmware, middleware, networks, data communications lines, routers, hubs, switches and all other information technology assets and equipment, and all associated documentation, whether owned, used or licensed. "Insurance Policies" is defined in Section 3.12(a). "Intellectual Property" means any and all rights in, arising out of, or associated with any of the following in any jurisdiction throughout the world: (a) issued patents and patent applications (whether provisional or non-provisional), including divisionals, continuations, continuations-in- part, substitutions, reissues, reexaminations, extensions, or restorations of any of the foregoing, and other Governmental Authority-issued indicia of invention ownership (including certificates of invention, petty patents, and patent utility models); (b) trademarks, service marks, brands, certification marks, logos, trade dress, trade names, and other similar indicia of source or origin, together with the goodwill connected with the use of and symbolized by, and all registrations, applications for registration, and renewals of, any of the foregoing; (c) copyrights and works of authorship, whether or not copyrightable, and all registrations, applications for registration, and renewals of any of the foregoing; (d) internet domain names and social media account or user names (including "handles") whether or not trademarks, all associated web addresses, URLs, websites and web pages, social media sites and pages, and all content and data thereon or relating thereto, whether or not copyrights; (e) mask works, and all registrations, applications for registration, and renewals thereof; (f) industrial designs, and all patents, registrations, applications for registration, and renewals thereof; (g) trade secrets, know-how, inventions (whether or not 11 patentable), discoveries, improvements, technology, business and technical information, databases, data compilations and collections, tools, methods, processes, techniques, and other confidential and proprietary information and all rights therein; (h) computer programs, operating systems, applications, firmware, and other code, including all source code, object code, application programming interfaces, data files, databases, protocols, specifications, and other documentation thereof; (i) rights of publicity; and (j) all other intellectual or industrial property and proprietary rights. "Intended Tax Treatment" is defined in Section 5.8(h). "Interim Balance Sheet" is defined in Section 3.5. "Interim Balance Sheet Date" is defined in Section 3.5. "Interim Financial Statements" is defined in Section 3.5. "Knowledge of Sellers" or "Sellers' Knowledge" means the actual knowledge following reasonable and due inquiry of a particular fact or matter by any of Steven, Missy and Melissa Fulton. "Law" means any statute, law, ordinance, regulation, rule, code, Governmental Order, constitution, treaty, common law, judgment, decree, other requirement, or rule of law of any Governmental Authority. "Leased Property" is defined in Section 3.10(b). "Liabilities" means any and all debts, liabilities and obligations of any kind, whether accrued or not accrued, known or unknown, asserted or unasserted, matured or unmatured, conditional or unconditional, patent or latent, liquidated or unliquidated, determined or determinable, absolute or contingent, due or to become due, written or oral, whenever or however arising (including, whether arising out of any Law or contract, or tort based on negligence or strict liability) and whether or not the same would be required by GAAP to be reflected in financial statements or disclosed in the notes thereto, including all costs and expenses relating thereto and all contra-assets related to reserves and any liability for Taxes. "LMS" is defined in the preamble. "Losses" means losses, damages, liabilities, costs or expenses (including reasonable legal fees and expenses of advisors and any reasonably foreseeable lost profits, lost benefits, and punitive damages; provided, however, solely with respect to punitive damages, only as and to the extent payable to third parties). "LS Aviation" means LS Aviation, LLC, a Mississippi limited liability company. "Material Adverse Effect" means any event, effect, development, occurrence, fact, condition, or change that, either individually or in the aggregate with all other events, effects, developments, occurrences, facts, conditions, and changes, has been, or would reasonably be expected to be, materially adverse to (a) the Target Companies, taken as a whole, or the Business, 12 including the results of operations, condition (financial or otherwise), liabilities (contingent or otherwise), or assets of the Target Companies as a whole, or (b) the ability of Sellers to perform their obligations under this Agreement or the Ancillary Documents or to consummate the transactions contemplated hereby or thereby on a timely basis; provided, however, that solely with respect to clause (a), "Material Adverse Effect" shall not include any event, occurrence, fact, condition, or change, directly or indirectly, arising out of or attributable to: (i) general economic or political conditions; (ii) any changes in financial, banking, or securities markets in general, including any disruption thereof and any decline in the price of any security or any market index or any change in prevailing interest rates; (iii) acts of war (whether or not declared), armed hostilities, or terrorism, or the escalation or worsening thereof; (iv) any changes in applicable Laws or accounting rules (including GAAP); (v) any natural disaster or acts of God; (vi) any epidemics, pandemics, disease outbreaks, or other public health emergencies; or (vii) any failure by the Target Companies to meet any internal or published projections, forecasts, or revenue or earnings predictions; provided, however, in each case, that the underlying causes of such failures shall not be excluded; provided, further, that with respect to the foregoing subclauses (i)-(vi), such event, effect, development, occurrence, fact, condition or change may be taken into account in determining whether there is or has been a Material Adverse Effect to the extent it has a disproportionate effect on the Target Companies or the Business relative to the other participants in the industries in which the Target Companies or Business operate in. "Material Contracts" is defined in Section 3.8(a). "Material Customers" is defined in Section 3.20(a). "Material Customers and Suppliers" is defined in Section 3.20(a). "Material Suppliers" is defined in Section 3.20(a). "Meadows Lane Property" means that certain real property conveyed to Warren Paving by Deed dated June 11, 2025 of record in Deed Book 280, Page 277, Livingston County, Kentucky, Court Clerk's Office. "Missy" is defined in the preamble. "Necaise Construction" means Necaise Construction Company, Inc., a Mississippi corporation. "Net Working Capital" which may be positive or negative shall be determined as (a) the current assets of the Target Companies calculated in accordance with the Accounting Principles set forth in Annex A less (b) the current liabilities of the Target Companies calculated in accordance with the Accounting Principles set forth in Annex A. "Non-Compete Period" is defined in Section 5.4(b). "Non-controlling Party" is defined in Section 6.4(b)(iv). "Non-Party Affiliates" is defined in Section 6.10.

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&nbsp;&nbsp;&nbsp;&nbsp;13 "Ordinary Course of Business" means the ordinary and usual course of normal day-to-day operations of the Target Companies (including with respect to quantity and frequency), consistent with past practice. "Organizational Documents" means (a) in the case of a Person that is a corporation, its articles or certificate of incorporation and its bylaws, regulations, or similar governing instruments required by the laws of its jurisdiction of formation or organization; (b) in the case of a Person that is a partnership, its articles or certificate of partnership, formation, or association, and its partnership agreement (in each case, limited, limited liability, general, or otherwise); (c) in the case of a Person that is a limited liability company, its articles or certificate of formation or organization, and its limited liability company agreement or operating agreement; (d) in the case of a Person that is not of a corporation, partnership (limited, limited liability, general, or otherwise), limited liability company, or natural person, its governing instruments as required or contemplated by the Laws of its jurisdiction of organization; and (e) any amendment to any of the foregoing. "Owned Property" is defined in Section 3.10(b). "Pass-Through Income Tax Contest" is defined in Section 5.8(c)(vi). "Pass-Through Income Tax Return" means any Tax Return reporting the income of Slats Lucas that is allocable to, and reportable as income of, Slats Lucas's direct or indirect equityholders under applicable Tax Law (including an Internal Revenue Form 1065). For the avoidance of doubt, a Pass-Through Income Tax Return shall not include any Tax Return with respect to which Slats Lucas is considered the entity that is legally responsible for the payment of Tax shown as due on such Tax Return under applicable Tax Law. "Payment Instructions Letter" is defined in Section 2.4. "Permits" means all permits, licenses, franchises, approvals, authorizations, Consents and other approvals issued by a Governmental Authority, including any Environmental Permits. "Permitted Encumbrances" is defined in Section 3.10(a). "Person" means any natural person, individual, corporation (including any non-profit corporation), general or limited partnership, joint venture, limited liability company, Governmental Authority, unincorporated organization, estate, trust, association, labor union, or other entity. "Personal Information" means any data Processed by a Target Company that constitutes personal information or personal data under applicable Law. "Post-Closing Adjustment" is defined in Section 2.6(b)(ii). "Post-Closing Bonus" is defined in Section 5.8(i). "Post-Closing Tax Period" means any taxable period, or portion of a Straddle Period, beginning after the Closing Date. 14 "Pre-Closing Reorganization" is defined in the recitals. "Pre-Closing Tax Period" means any taxable period, or portion of a Straddle Period, ending on or before the Closing Date. "Privacy and Security Requirement" means (a) any Laws regulating the Processing of Personal Information; (b) all provisions of contracts between a Target Company and any Person that directly apply to the Processing of Personal Information; and (c) all public-facing written privacy policies relating to the Processing of Personal Information. "Privileged Communications" is defined in Section 7.14(b). "Pro Rata Share" means the allocation among the Sellers set forth in the Payment Instructions Letter. "Process" means the creation, collection, use, storage, maintenance, processing, recording, distribution, transfer, transmission, receipt, import, export, protection, safeguarding, access, disposal or disclosure or other activity regarding data. "Property Leases" is defined in Section 3.10(f). "Purchase Price" is defined in Section 2.2. "Purchase Price Overpayment" is defined in Section 2.6(d)(ii). "Purchase Price Underpayment" is defined in Section 2.6(d)(i). "Purchaser" is defined in the preamble. "Purchaser Benefit Plans" is defined in Section 5.1(b). "Purchaser-Connected Persons" is defined in Section 5.5. "Purchaser Releasees" is defined in Section 5.5. "R&W Insurance Policy" means the buyer-side representation and warranty insurance policy to be issued to Purchaser in connection with the transactions contemplated by this Agreement and the other Ancillary Documents. "Real Property" is defined in Section 3.10(b). "Related Party Transactions" is defined in Section 3.22(a). "Release" means any actual or threatened release, spilling, leaking, pumping, pouring, emitting, emptying, discharging, injecting, escaping, leaching, dumping, abandonment, disposing, or allowing to escape or migrate into or through the environment (including, without limitation, ambient or indoor air, surface water, groundwater, land surface, or subsurface strata or within any building, structure, facility, or fixture) and includes the meaning ascribed to that term at 42 U.S.C. § 9601(22). 15 "Remediation" means (a) any remedial action, remedy, response or removal action as those terms are defined in 42 U.S.C. § 9601; and (b) any corrective action as that term has been construed pursuant to 42 U.S.C. § 6924. "Representative" means, with respect to any Person, any and all directors, officers, managers, employees, consultants, financial advisors, counsel, accountants, and other agents of such Person. "Resolution Period" is defined in Section 2.6(c)(ii). "Retention Bonus Pool" is defined in Section 5.12. "Retention Bonuses" is defined in Section 5.12. "Review Period" is defined in Section 2.6(c)(i). "Seller" and "Sellers" are defined in the preamble. "Seller Group" is defined in Section 7.14(a)(i). "Seller Group Law Firm" is defined in Section 7.14(a)(i). "Seller Released Matters" is defined in Section 5.5. "Seller Releasors" is defined in Section 5.5. "Seller Representative" means Steven or any successor thereof in accordance with the terms of this Agreement. "Slats Lucas" means Slats Lucas, LLC, a Mississippi limited liability company. "Slats Lucas Aggregates" means Slats Lucas Aggregates, LLC, a Louisiana limited liability company. "Slats Lucas Alabama" means Slats Lucas Aggregates Alabama, LLC, an Alabama limited liability company. "Slats Lucas Sand" means Slats Lucas Sand & Gravel, LLC, a Louisiana limited liability company. "Specific Indemnity Matter" means the matter set forth as item 1 on Schedule 6.2(h). "Specific Indemnity Escrow Fund" means the Specific Indemnity Escrow Fund Amount deposited with the Escrow Agent, as such amount may be increased or decreased as provided in this Agreement and the Escrow Agreement, including any remaining interest or other amounts earned therein. "Specific Indemnity Escrow Fund Amount" means an amount equal to three million five hundred thousand dollars ($3,500,000). 16 "Specified Income Tax Amount" means an amount, not less than zero (either in the aggregate or in a particular jurisdiction), equal to the sum of (a) the aggregate amount of accrued but unpaid Income Taxes of the Target Companies for all Pre-Closing Tax Periods (determined in the case of the portion of a Straddle Period ending on the Closing Date in accordance with Section 5.8(a)), and (b) the aggregate amount of Income Taxes payable by the Target Companies in any Post-Closing Tax Period resulting from (i) any prepaid amounts received by the Target Companies prior to the Closing or (ii) any adjustment pursuant to Section 481 of the Code (or any similar provision of state, local or foreign Law) with respect to any accounting method change effected on or prior to the Closing Date by any of the Target Companies; provided, however, that the calculation of the Specified Income Tax Amount shall: (x) be prepared in accordance with the past practice (including reporting positions, elections and accounting methods) of the Target Companies in preparing Tax Returns to the maximum extent permitted by applicable Law; and (y) reflect the aggregate amount of any estimated (or other prepaid) Income Tax payments made by the Target Companies prior to the Closing Date, but only to the extent that such payments have the effect of reducing (but not below zero) the particular Tax Liability in respect of which such payments were made. "Statement of Objections" is defined in Section 2.6(c)(ii). "Steven" is defined in the preamble. "Straddle Period" means any taxable period beginning on or before the Closing Date and ending after the Closing Date. "Subsidiary LLCs" means, collectively, Slats Lucas Sand, Slats Lucas Aggregates, and Slats Lucas Alabama. "Target Companies" means, collectively, Slats Lucas, Warren Paving, and the Subsidiary LLCs. "Target Company IP Agreements" means all licenses, sublicenses, consent to use agreements, settlements, coexistence agreements, covenants not to sue, waivers, releases, permissions and other contracts, whether written or oral, relating to Intellectual Property to which a Target Company is a party, beneficiary or otherwise bound. "Target Working Capital" means thirty seven million five hundred and seven thousand nine hundred and eighty dollars and fifty five cents ($37,507,980.55). "Tax" or "Taxes" means all federal, state, local, foreign, and other income, gross receipts, sales, use, production, ad valorem, transfer, franchise, registration, profits, capital stock, license, lease, service, service use, withholding, payroll, employment, unemployment, estimated, excise, escheat, severance, environmental, stamp, occupation, social security, premium, property (real or personal), real property gains, windfall profits, customs, duties, value added, alternative or add-on minimum (including the minimum tax imposed on Section 55 of the Code) or other taxes, fees, assessments, or charges of any kind whatsoever, together with any interest, additions, or penalties with respect thereto and any interest in respect of such additions or penalties.

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&nbsp;&nbsp;&nbsp;&nbsp;17 "Tax Return" means any return (including any information return), report, declaration, statement, schedule, notice, form, claim for refund or election, or other document or information relating to Taxes filed, or required to be filed with, any Taxing Authority, including all attachments thereto and including any amendment thereof. "Taxing Authority" means the IRS or any other Governmental Authority that has the right to impose or administer, or is charged with collecting, Taxes. "Third Party Claim" is defined in Section 6.4(b)(i). "Threshold Amount" means one million dollars ($1,000,000). "Transaction Expenses" means all unpaid fees, costs, and expenses, whether accrued or not, of the Target Companies, the Sellers, or the Seller Representative incurred or payable (or that become payable) in connection with the preparation, negotiation and execution of this Agreement and the Ancillary Documents (including the sale process of the Target Companies and the Pre- Closing Reorganization), including (a) fees and expenses of bankers, investment bankers, accountants, financial advisors, legal counsel, auditors, brokers, finders and accountants, (b) other than the Retention Bonuses, which shall be funded by Purchaser, and the Post-Closing Bonuses, which, if paid, shall be paid by LMS on behalf the Target Companies, any transaction or retention bonus, accelerated benefits, change-of-control payments, severance payments, or other similar payments payable to any Company Service Provider as a result of the execution of this Agreement and the consummation of the transactions contemplated hereby (including the employer portion of any payroll, social security, unemployment, withholding, or similar Taxes and related benefits imposed on such amounts and any increase in workers compensation premium attributable thereto), and (c) fifty percent (50%) of any Transfer Taxes. "Transfer Tax" is defined in Section 5.8(e). "Undisputed Amounts" is defined in Section 2.6(c)(iii). "WARN Act" means the federal Worker Adjustment and Retraining Notification Act of 1988, and similar state, local, and foreign laws related to plant closings, relocations, mass layoffs, and employment losses. "Warren Paving" means Warren Paving, Inc., a Mississippi corporation. "Warren Ventures" means Warren Ventures, LLC, a Mississippi limited liability company. "Wrong Pocket Asset" is defined in Section 5.11. 1.2 Interpretation. For purposes of this Agreement: (a) the words "include", "includes", and "including" shall be deemed to be followed by the words "without limitation"; (b) the word "or" is not exclusive; and (c) the words "herein", "hereof", "hereby", "hereto", and "hereunder" and words of similar import refer to this Agreement as a whole and not to any particular provision of this Agreement. Unless the context otherwise requires, references herein: (x) to Articles, Sections, Schedules and Annexes mean the Articles and Sections of, and Schedules 18 and Annexes attached to, this Agreement unless otherwise indicated; (y) to an agreement, instrument or other document means such agreement, instrument, or other document as amended, supplemented, modified, or waived from time to time to the extent permitted by the provisions thereof, and references to all attachments thereto and instruments incorporated therein; and (z) to a statute means such statute as amended from time to time and includes any successor legislation thereto and any regulations promulgated thereunder. References to a Person are also to its permitted successors and assigns. The table of contents and headings contained in this Agreement are for reference purposes only and will not affect in any way the meaning or interpretation of this Agreement. All terms used herein with initial capital letters have the meanings ascribed to them herein and all terms defined in this Agreement will have such defined meanings when used in any certificate or other document made or delivered pursuant hereto unless otherwise defined therein. The definitions contained in this Agreement are applicable to the singular as well as the plural forms of such terms and to the masculine as well as to the feminine and neuter genders of such term. References to a "contract" or an "agreement" includes any legally binding agreement, note, letter of credit, indenture, financial instrument, lease, license, arrangement, promise or undertaking, whether written or oral. As used herein, the terms "provided to", "delivered", "made available to" and terms of similar import shall mean, with respect to any documents or information provided, delivered or made available by the Target Companies or any of their respective Affiliates or Representatives to Purchaser or any of its Affiliates or Representatives, all documents and information provided, delivered, or made available in any form and by any means, including, without limitation, by posting to any virtual data room established by or on behalf of the Sellers or the Target Companies and to which Purchaser and/or any of their respective Representatives or Affiliates has been granted access, so long as such documents or information was made available at least three (3) Business Days prior to the date hereof. This Agreement shall be construed without regard to any presumption or rule requiring construction or interpretation against the party drafting an instrument or causing any instrument to be drafted. The Schedules and Annexes referred to herein shall be construed with, and as an integral part of, this Agreement to the same extent as if they were set forth verbatim herein. All accounting terms not specifically defined herein shall be construed in accordance with GAAP. ARTICLE 2 PURCHASE AND SALE 2.1 Purchase and Sale. Subject to the terms and conditions set forth in this Agreement, at the Closing, Sellers shall sell, assign and transfer to Purchaser, and Purchaser shall purchase and acquire from Sellers, all of Sellers' right, title, and interest in and to the Equity Interests, free and clear of all Encumbrances (other than transfer restrictions arising under applicable securities Laws) in exchange for the consideration specified in Section 2.2, subject to the adjustments set forth in this Agreement. 2.2 Purchase Price. The aggregate purchase price for the Equity Interests shall be five hundred and forty million dollars ($540,000,000), subject to adjustment pursuant to Section 2.6 (the "Purchase Price"). 2.3 Escrow Funds. On or prior to the date hereof, to secure and to serve as a fund in respect of payment of any (a) Purchase Price Overpayment pursuant to Section 2.6(d)(ii) and (b) Losses related to the Specific Indemnity Matter, the Purchaser and the Seller Representative have 19 entered into the Escrow Agreement and the Purchaser shall deposit, or shall cause to be deposited, the Adjustment Escrow Fund Amount and the Specific Indemnity Escrow Fund Amount, in each case in accordance with Section 2.5(a)(i)(A). The Adjustment Escrow Fund Amount may only be released in accordance with Section 2.6(d) and the Escrow Agreement and the Specific Indemnity Escrow Fund Amount may only be released in accordance with Section 6.8 and the Escrow Agreement. 2.4 Payment Instructions Letter. At least five (5) Business Days prior to the Closing Date, Sellers shall have prepared and delivered to Purchaser, together with reasonable supporting or underlying documentation, a payment instructions letter (the "Payment Instructions Letter"), which sets forth, as of the Closing Date, the following: (a) the name and address of each Seller, the aggregate portion of the Estimated Closing Date Payment to be paid to each Seller, and wire instructions and bank account information for each Seller; (b) payee name, wire instructions and amounts payable for payment of the Estimated Closing Indebtedness; (c) payee name, wire instructions and amounts payable for payment of the Estimated Closing Transaction Expenses; (d) with respect to the payment of the Escrow Fund Amount, the name and address of the Escrow Agent and wire instructions and bank account information for the Escrow Agent; and (e) wire instructions for the payment of any Purchase Price Underpayment and any funds remaining in the Adjustment Escrow Fund to be distributed pursuant to Section 2.6, along with each Seller's Pro Rata Share of any such funds. The parties agree that Purchaser shall be entitled to rely on the Payment Instructions Letter in making payments under Article 2 and Purchaser shall not be responsible for calculations or determination regarding such calculations in such Payment Instructions Letter. 2.5 Transactions to be Effected at the Closing. (a) Purchaser's Closing Deliverables. (i) At the Closing, Purchaser shall pay or caused to be paid: (A) to the Escrow Agent, the Escrow Fund Amount by wire transfer of immediately available funds, in accordance with the Payment Instructions Letter and the Escrow Agreement; (B) to the Disbursing Agent, in accordance with the Disbursing Agreement, the following amounts, for further distribution as follows; (1) to the Sellers, an amount equal to the Estimated Closing Date Payment, less the Escrow Fund Amount by wire transfer of immediately available funds, in accordance with the Payment Instructions Letter; (2) on behalf of the Target Companies or Sellers, the Estimated Closing Indebtedness, by wire transfer of immediately available funds, to the applicable payees in accordance with the Payment Instructions Letter; and 20 (3) on behalf of the Target Companies or Sellers, the Estimated Closing Transaction Expenses, by wire transfer of immediately available funds, to the applicable payees in accordance with the Payment Instructions Letter. (ii) Simultaneously with or prior to the execution of this Agreement, Purchaser shall deliver or cause to be delivered to the Seller Representative, in form and substance reasonably satisfactory to Seller Representative: (A) the Escrow Agreement, duly executed by Purchaser and the Escrow Agent; (B) a certificate of the Secretary or an Assistant Secretary (or equivalent officer) of Purchaser, certifying (1) the names and signatures of the officers of Purchaser authorized to sign this Agreement and the other documents to be delivered hereunder, (2) the Organizational Documents of Purchaser, (3) true and complete copies of all resolutions adopted by the board of directors of Purchaser authorizing the execution, delivery, and performance of this Agreement and the Ancillary Documents and the consummation of the transactions contemplated hereby and thereby, and (4) that all such resolutions are in full force and effect and are all the resolutions required in connection with the transactions contemplated hereby and thereby; and (C) all other Ancillary Documents required to be delivered by Purchaser at or prior to the Closing. (b) Sellers' Closing Deliverables. Simultaneously with or prior to the execution of this Agreement, Sellers shall deliver or cause to be delivered to Purchaser, in form and substance reasonably satisfactory to Purchaser: (i) the Assignment of Membership Interests, duly executed by Steven and Missy; (ii) the Assignment of Capital Stock, duly executed by LMS; (iii) the Payment Instructions Letter; (iv) a certificate executed by a duly authorized officer of each Target Company dated the Closing Date and certifying (A) the Organizational Documents of each such Target Company, (B) that correct and complete copies of each resolution of such Target Company's board of directors (or equivalent governing body) approving this Agreement and the Ancillary Documents to which it is a party and authorizing the execution thereof and the consummation of the transactions contemplated by this Agreement or the Ancillary Documents by such Target Company are attached thereto, and (C) that all such resolutions are in full force and effect and are all the resolutions adopted in connection with the transactions contemplated hereby or thereby;

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&nbsp;&nbsp;&nbsp;&nbsp;21 (v) a certificate of the general partner of LMS certifying (A) the names and signatures of the officers of LMS authorized to sign this Agreement and the Ancillary Documents to which LMS is a party, (B) the Organizational Documents of LMS, (C) true and complete copies of all resolutions adopted by the partners of LMS authorizing the execution, delivery, and performance of this Agreement and the Ancillary Documents to which LMS is a party and the consummation of the transactions contemplated hereby and thereby, and (D) that all such resolutions are in full force and effect and are all the resolutions adopted in connection with the transactions contemplated hereby or thereby; (vi) certificates, to the extent certificated, representing all of the Equity Interests, duly endorsed in blank or accompanied by stock powers duly endorsed in blank in proper form for transfer, with appropriate transfer stamps, if any, affixed; (vii) certificates as to the good standing of each Target Company as of a date that is no earlier than five (5) Business Days prior to the Closing Date, executed by the appropriate officials of the state of incorporation of such Target Company; (viii) a properly completed and duly executed IRS Form W-9 for (A) each Seller, (B) each payee of Closing Indebtedness, and (C) each payee of Closing Transaction Expenses (in the case of each of clauses (B) and (C), other than a payee that is an employee of a Target Company); (ix) with respect to each item of Closing Indebtedness subject to payment pursuant to the Estimated Closing Statement and Payment Instructions Letter, payoff letters between the relevant Target Company and each holder of Closing Indebtedness, covering the payment in full of such Closing Indebtedness, together with evidence satisfactory to Purchaser of the contemporaneous release of any Encumbrances relating to such Closing Indebtedness being repaid; (x) an invoice issued by each payee of Closing Transaction Expenses payable pursuant to the Estimated Closing Statement and Payment Instructions Letter, which sets forth the full amount of all Closing Transaction Expenses owed to such Person; (xi) the Escrow Agreement, duly executed by the Seller Representative and the Escrow Agent; (xii) all Consents set forth on Schedule 2.5(b)(xii), which shall be in full force and effect; (xiii) except as set forth on Schedule 2.5(b)(xiii), evidence that each of the Related Party Transactions has been terminated, with no further Liability to Purchaser or any of its Affiliates (including, from and after the Closing, the Target Companies); (xiv) resignations, effective as of the Closing Date, of the officers, managers, and directors of the Target Companies requested in writing by Purchaser; (xv) evidence of the completion of the Pre-Closing Reorganization; and 22 (xvi) all other Ancillary Documents that may be required to be delivered by Sellers at or prior to the Closing. 2.6 Purchase Price Adjustment. (a) Closing Adjustment. (i) At the Closing, the Purchase Price shall be adjusted in the following manner (the net amount after giving effect to the adjustments listed in Section 2.6(a)(i)(A), Section 2.6(a)(i)(B), Section 2.6(a)(i)(C), and Section 2.6(a)(i)(D) being the "Estimated Closing Date Payment"): (A) either (1) an increase by the amount, if any, by which the Estimated Closing Working Capital (as determined in accordance with Section 2.6(a)(ii)) is greater than the Target Working Capital, or (2) a decrease by the amount, if any, by which the Estimated Closing Working Capital (as determined in accordance with Section 2.6(a)(ii)) is less than the Target Working Capital; (B) a decrease by the amount of Estimated Closing Indebtedness (as determined in accordance with Section 2.6(a)(ii)); (C) a decrease by the amount of Estimated Closing Transaction Expenses (as determined in accordance with Section 2.6(a)(ii)); and (D) an increase by the amount of Estimated Closing Cash (as determined in accordance with Section 2.6(a)(ii)). (ii) The Seller Representative has prepared and delivered to Purchaser, at least five (5) Business Days before the Closing Date, a statement (the "Estimated Closing Statement") setting forth Sellers' good faith estimate of (A) Closing Working Capital (the "Estimated Closing Working Capital"), (B) Closing Indebtedness (the "Estimated Closing Indebtedness"), (C) Closing Transaction Expenses (the "Estimated Closing Transaction Expenses"), and (D) Closing Cash (the "Estimated Closing Cash"), which statement contains an estimated balance sheet of the Target Companies as of the Closing Date (without giving effect to the transactions contemplated herein) and a calculation of Estimated Closing Working Capital, prepared in accordance with the Accounting Principles, in each case, together with reasonable supporting detail. (b) Post-Closing Adjustment. (i) Within sixty (60) days after the Closing Date, Purchaser shall prepare and deliver to the Seller Representative a statement (the "Closing Statement") setting forth Purchaser's calculation of (A) Closing Working Capital, (B) Closing Indebtedness, (C) Closing Transaction Expenses, and (D) Closing Cash, which statement shall contain a balance sheet of the Target Companies as of the Closing Date (without giving effect to the transactions contemplated herein) and a calculation of Closing Working Capital, prepared in accordance with the Accounting Principles, in each case, together with reasonable supporting detail. 23 (ii) The post-Closing adjustment shall be an amount equal to the Final Closing Date Payment (as finally determined in accordance with Section 2.6(c)) less the Estimated Closing Date Payment (the "Post-Closing Adjustment"). (c) Examination and Review. (i) After receipt of the Closing Statement, Seller Representative shall have thirty (30) days (the "Review Period") to review the Closing Statement. Subject to any applicable privileges (including the attorney-client privilege and the work product privilege), during the Review Period, Seller Representative, Sellers and Sellers' Representatives shall have reasonable access, during normal business hours, to the books and records of the Target Companies and to the personnel of, and work papers prepared by, Purchaser or its accountants, in each case whom were involved in preparation of the Closing Statement and to such historical financial information (to the extent in Purchaser's possession), in each case, relating to the Closing Statement as Sellers may request in writing for the purpose of reviewing the Closing Statement and to prepare a Statement of Objections (if any). (ii) On or prior to the last day of the Review Period, Seller Representative may object to the Closing Statement by delivering to Purchaser a written statement setting forth Seller Representative's objections in reasonable detail (the "Statement of Objections"). If Seller Representative fails to deliver the Statement of Objections before the expiration of the Review Period, the Closing Statement, and the Post- Closing Adjustment, as the case may be, reflected in the Closing Statement shall be deemed to have been accepted by Sellers. Sellers will be deemed to have agreed with all other items and amounts contained in the Closing Statement and the calculation of the Post-Closing Adjustment, as applicable, that are not expressly included as disputed items or amounts in the Statement of Objections, which such items and amounts shall be considered final and binding. If the Seller Representative delivers the Statement of Objections before the expiration of the Review Period, Purchaser and Seller Representative shall negotiate in good faith to resolve such objections within thirty (30) days after the delivery of the Statement of Objections (the "Resolution Period"), and, if the same are so resolved within the Resolution Period, the Post-Closing Adjustment and the Closing Statement with such changes as may have been previously agreed in writing by Purchaser and Seller Representative, shall be final and binding. Subject to any applicable privileges (including the attorney-client privilege and the work product privilege), after the Review Period and delivery of the Statement of Objections, Purchaser and its Representatives shall have reasonable access, during normal business hours, to the books and records of the Sellers and the Seller Representative and to the personnel of, and work papers prepared by, Sellers, Seller Representative or their respective accountants, in each case whom were involved in preparation of the portions of the Estimated Closing Statement that are at issue in the Statement of Objections and to such historical financial information (to the extent in Sellers' possession), in each case, relating to the Statement of Objections as Purchaser may request in writing for the purpose of reviewing the Statement of Objections. (iii) If Seller Representative and Purchaser fail to reach an agreement with respect to all of the matters set forth in the Statement of Objections before expiration 24 of the Resolution Period, then any amounts remaining in dispute (the "Disputed Amounts" and, any amounts not so disputed, the "Undisputed Amounts") may be submitted for resolution by either Purchaser or Seller Representative to the Accounting Referee who shall resolve the Disputed Amounts only and make adjustments to the Post-Closing Adjustment and the Closing Statement, as applicable. The parties hereto agree that all adjustments shall be made without regard to materiality. The Accounting Referee shall only decide the Disputed Amounts and their decision for each Disputed Amount must be within the range of values assigned to each such item in the Closing Statement and the Statement of Objections, respectively. (iv) The Accounting Referee shall make a determination as soon as practicable within thirty (30) days (or such other time as the parties hereto shall agree in writing) after their engagement, which determination must set forth, in reasonable detail, the basis therefor. The Accounting Referee shall act as an expert and not as an arbitrator. Purchaser and Seller Representative will each provide the Accounting Referee with their respective determinations of the Disputed Amounts and the resulting adjustments, if any, required to be made to the Closing Statement and the Post-Closing Adjustment. The determination of the Disputed Amounts and the resulting adjustments, if any, required to be made to the Closing Statement and the Post-Closing Adjustment, by the Accounting Referee will be based on whether such items have been calculated in accordance with the standards set forth in this Agreement and the Accounting Principles, and the Accounting Referee shall not make any other determination. The Accounting Referee will make its determination based solely on presentations and supporting material provided by the parties and not pursuant to any independent review. The Accounting Referee's resolution of the Disputed Amounts and their adjustments to the Closing Statement and/or the Post-Closing Adjustment shall be conclusive and binding upon the parties hereto, absent manifest error or fraud. (v) The Accounting Referee shall make a ratable allocation of its charges between the parties for such work as a part of its determination based on the inverse proportion by which the amount in dispute was determined in favor of one party over the other (e.g., if one hundred thousand dollars ($100,000) is in dispute, and of that amount the Accounting Referee awards seventy-five thousand dollars ($75,000) in favor of the Purchaser and $25,000 in favor of the Sellers, then the Purchaser will be responsible for twenty-five percent (25%) and the Sellers seventy-five percent (75%) of the costs and fees of the Accounting Referee. Sellers (based on their Pro Rata Share) and Purchaser agree to be responsible for any such costs and expenses of the Accounting Referee based on its ratable allocation. (d) Payments of Post-Closing Adjustment. (i) If the Post-Closing Adjustment is a positive number (such amount, a "Purchase Price Underpayment"), Purchaser shall deliver, or cause to be delivered, to the Sellers, by wire transfer of immediately available funds in accordance with the Payment Instructions Letter, payment in an amount equal to the Purchase Price Underpayment.

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&nbsp;&nbsp;&nbsp;&nbsp;25 (ii) If the Post-Closing Adjustment is a negative number (the absolute value of such amount, a "Purchase Price Overpayment"), the Purchaser and the Seller Representative shall deliver joint written notice to the Escrow Agent instructing it to pay the Purchase Price Overpayment out of the Adjustment Escrow Fund to the Purchaser in accordance with the terms of the Escrow Agreement. To the extent the Adjustment Escrow Fund is insufficient to satisfy any amounts owed to Purchaser pursuant to this Section 2.6(d)(ii), all such remaining amounts due and owing after payment from the Adjustment Escrow Fund shall be paid by Sellers to Purchaser by wire transfer of immediately available funds to such account as is directed by Purchaser, in writing. (iii) Except as otherwise provided in this Agreement, any payment of the Purchase Price Underpayment, or Purchase Price Overpayment, as applicable, shall (A) be due (1) within five (5) Business Days of acceptance of the applicable Closing Statement or (2) if there are Disputed Amounts, then within five (5) Business Days of the resolution described in Section 2.6; and (B) be paid by wire transfer of immediately available funds to such account as is directed by Purchaser or Seller Representative, as the case may be, in writing. (e) Adjustments for Tax Purposes. Any payments made pursuant to this Section 2.6 shall be treated as an adjustment to the Purchase Price by the parties for Tax purposes, unless otherwise required by Law. 2.7 Closing. The closing of the transactions contemplated by this Agreement and the Ancillary Documents (the "Closing") shall occur simultaneously with the execution of this Agreement (the day on which the Closing takes place being the "Closing Date"). The purchase and sale of the Equity Interests contemplated hereby shall be deemed to have occurred at 12:01 a.m., central prevailing time, on the Closing Date (the "Effective Time"). 2.8 Allocation. Within ninety (90) days after the Closing Date, Purchaser shall prepare a schedule allocating the Purchase Price (and any other amounts treated as consideration for Tax purposes) among (a) the equity interests of Warren Paving and (b) assets of Slats Lucas in accordance with the requirements of Section 1060 of the Code and the Treasury regulations promulgated thereunder (the "Allocation Schedule") and shall deliver a draft Allocation Schedule to the Seller Representative for his review. The Seller Representative shall have the right to review the Allocation Schedule and shall notify Purchaser in writing of any objections within fifteen (15) days after receipt of the Allocation Schedule. The Seller Representative and Purchaser agree to use commercially reasonable efforts to reach an agreement on any and all disputed items in the draft Allocation Schedule within twenty (20) days after Purchaser's receipt of the Seller Representative's written notice of its dispute of any items set forth in the Allocation Schedule (such final allocation, the "Allocation"). If the Seller Representative and Purchaser cannot resolve any disputed items within such twenty (20) day period (or such longer period as may be mutually agreed to by the Seller Representative and Purchaser), then the disputed item(s) shall be referred to the Accounting Referee. The determination of the Accounting Referee shall be final and conclusive for purposes of this Section 2.8 and the costs of the Accounting Referee shall be paid equally by Sellers, on the one hand, and Purchaser, on the other hand. Purchaser, Sellers and their respective Affiliates shall: (i) file all Tax Returns (including Internal Revenue Form 8594, if applicable) consistent with the Allocation; (ii) upon becoming aware of a challenge to the 26 Allocation by a Governmental Authority, promptly notify the other party of the nature of such dispute, and cooperate in good faith to preserve the effectiveness of the Allocation, to the extent consistent with applicable Law; (iii) treat any subsequent adjustments to the Purchase Price consistently with the Allocation; and (iv) cooperate with each other in preparing Tax Returns and other documents required to be filed or maintained in connection with the transactions contemplated by this Agreement. 2.9 Withholding. Purchaser, or any of its respective Affiliates or authorized Representatives, shall be entitled to deduct and withhold from amounts otherwise payable pursuant to this Agreement such amounts as are required to be deducted and withheld under applicable Law. Purchaser shall use commercially reasonable efforts to provide the Seller Representative with (a) written notice of its intent to withhold prior to any such withholding and (b) a written explanation substantiating the requirement to deduct or withhold, and the parties shall use commercially reasonable efforts to cooperate, to mitigate, or to eliminate any such withholding to the maximum extent permitted by Law. To the extent that amounts are so deducted and withheld by Purchaser, or any of its respective Affiliates or authorized agents, and timely remitted by such applicable Person the applicable Governmental Authority, such withheld amounts, to the extent so remitted, shall be treated for all purposes of this Agreement as having been paid to the applicable Person in respect of which such deduction and withholding was made. ARTICLE 3 REPRESENTATIONS AND WARRANTIES OF SELLERS Except as set forth in the Disclosure Schedules, Sellers represent and warrant to Purchaser that the statements contained in this Article 3 are true and correct as of the Closing Date. 3.1 Organization and Authority of Sellers. (a) Each Seller that is a legal entity is duly organized, validly existing and in good standing under the Laws of the jurisdiction of its organization, and each Seller has all power and authority and possesses all licenses, Permits, authorizations and approvals necessary to enable it to own, lease or otherwise hold its properties and assets and to carry on its businesses as now being conducted. (b) Sellers have all necessary corporate, limited liability, trust, fiduciary, legal capacity or similar power and authority and, where applicable, have taken all corporate, limited liability or similar action, necessary to execute and deliver this Agreement and the Ancillary Documents to which Sellers are a party, to perform its obligations hereunder and thereunder, and to consummate the transactions contemplated by this Agreement and the Ancillary Documents to which each Seller is a party, and the performance by each Seller of such Seller's obligations hereunder and thereunder and the consummation by Sellers of the transactions contemplated hereby and thereby have been duly authorized by all requisite action. This Agreement has been duly and validly executed and delivered by Sellers, and (assuming due authorization, execution and delivery by Purchaser) constitutes, and each Ancillary Document to which each Seller is a party when duly executed and delivered by such Seller assuming the due authorization, execution and delivery by each other party thereto, constitute, a legal, valid and binding obligation of such Seller, enforceable against such Seller in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency, 27 reorganization, moratorium, fraudulent conveyance, or other Laws of general application relating to or affecting the enforcement of creditors' rights generally. 3.2 Organization; Authority; Qualification of the Target Companies; Organizational Documents. (a) Each Target Company is duly organized, validly existing and in good standing under the Laws of the jurisdiction of its organization and has all requisite corporate power and authority and possesses all Permits necessary to enable it to own, operate, lease or otherwise hold its properties and assets now owned, operated, or leased by such Target Company and to carry on the Business. Each Target Company is duly licensed and qualified to do business and is in good standing in each jurisdiction listed in Schedule 3.2(a). (b) All action required by applicable Law and corporate action required to be taken by the board of directors (or equivalent) and stockholders (or equivalent) of each Target Company in order to authorize such Target Company to enter into this agreement and the Ancillary Documents to which it is a party, and to consummate the transactions contemplated herein and therein, has been taken prior to the Closing. All action on the part of the proper officers of each such Target Company necessary for the execution and delivery of this Agreement and the Ancillary Documents to which such Target Company is a party, and the performance of all obligations of such Target Company hereunder and thereunder to be performed as of the Closing, has been taken prior to the Closing. This Agreement and the Ancillary Documents to which each such Target Company is a party, when executed and delivered by such Target Company (assuming due authorization, execution and delivery by Purchaser), shall constitute valid and legally binding obligations of such Target Company, enforceable against such Target Company in accordance with their respective terms (except as may be limited by applicable bankruptcy, insolvency, reorganization, moratorium, fraudulent conveyance, or other Laws of general application relating to or affecting the enforcement of creditors' rights generally). (c) True, correct and complete copies of the Organizational Documents of each Target Company, together with records of its meetings (or written Consents in lieu thereof) of its board of directors, managers, or general partner, as applicable, and of its stockholders, members, or limited partners, and the equity ledgers (or comparable ownership records), in each case as in effect as of the date hereof, have been provided to the Purchaser. No Target Company is, or has been, in default or in violation of their respective Organizational Documents in any material respect, and no Target Company has taken any action that is materially inconsistent in any respect with their respective Organizational Documents. At the Closing, all such Organizational Documents and records will be in the possession of the Target Companies. 3.3 Capitalization; Ownership of Equity Interests. (a) Schedule 3.3(a) sets forth (i) a true, correct and complete list of each of the Target Companies, the jurisdiction of their incorporation or organization, their form of organization, and their authorized shares of capital stock, partnership interests, or membership interests, as applicable, and (ii) the record and beneficial ownership of the issued and outstanding capital stock, partnership interests, or membership interests, as applicable, of each Target Company. 28 (b) Steven and Missy are the record owners of and have good and valid title to the Membership Interests, free and clear of all Encumbrances, other than those Encumbrances set forth in Schedule 3.3(b) and transfer restrictions arising under applicable securities Laws. The Membership Interests constitute 100% of the total issued and outstanding equity interests in Slats Lucas. The Membership Interests have been duly authorized and are validly issued, fully-paid, and non- assessable. (c) LMS owns all of the issued and outstanding capital stock of Warren Paving, free and clear of all Encumbrances, other than those Encumbrances set forth in Schedule 3.3(c) and transfer restrictions arising under applicable securities Laws. The Capital Stock of Warren Paving owned by LMS constitutes 100% of the total issued and outstanding capital stock in Warren Paving. Such capital stock has been duly authorized and validly issued, fully-paid, and non-assessable. (d) Warren Paving collectively owns all of the issued and outstanding equity interests of each Subsidiary LLC, free and clear of all Encumbrances, other than those Encumbrances set forth in Schedule 3.3(d) and transfer restrictions arising under applicable securities Laws. The equity interests of each Subsidiary LLC owned by Warren Paving constitute 100% of the total issued and outstanding membership interests in each Subsidiary LLC. Such equity interests have been duly authorized and are validly issued, fully-paid, and non-assessable. (e) Each Seller has good and valid title to the Equity Interests he, she or it owns, free and clear of all Encumbrances (other than transfer restrictions arising under applicable securities Laws). Each such Seller has full right, power and authority to transfer and deliver to the Purchaser good and valid title to the Equity Interests held by such Seller and that will be held by such Seller, free and clear of all Encumbrances (other than transfer restrictions arising under applicable securities Laws). Immediately following the Closing, the Purchaser or its designee, as applicable, will be the record and beneficial owner of the Equity Interests, and have good and valid title to the Equity Interests, free and clear of all Encumbrances (other than transfer restrictions arising under applicable securities Laws). The Equity Interests constitute all of the capital stock or other equity securities of the Target Companies. (f) Other than the Equity Interests, no Target Company has any outstanding or authorized options, warrants, convertible securities, stock appreciation rights, redemption rights, repurchase rights, "phantom" equity rights, exercisable or exchangeable securities or other ownership interest or other rights, agreements, arrangements, or commitments of any character relating to any equity interests in any Target Company or obligating Sellers or a Target Company to issue or sell any equity interests, or any other interest in, the Target Companies. Except as otherwise provided in the Organizational Documents of the Target Companies, there are no voting trusts, proxies, preemptive, right of first refusal or first offer or other outstanding rights or other agreements, side letters or understandings in effect with respect to the voting or transfer of any of the Equity Interests. Except for ownership of another Target Company as set forth in Schedule 3.3(a), no Target Company (i) owns, directly or indirectly, any ownership interest in any Person or (ii) is a party to any joint venture, partnership or similar relationship, or buy-sell agreement, stockholders' agreement or similar contract. 3.4 No Conflicts; Consents. The execution, delivery, and performance by Sellers of this Agreement and the Ancillary Documents to which Sellers are a party do not and will not: (a)

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&nbsp;&nbsp;&nbsp;&nbsp;29 result in a violation or breach of any provision of the Organizational Documents of any Seller (if applicable) or any Target Company; (b) result in a material violation or breach of any provision of any Law or Governmental Order applicable to a Seller or a Target Company; or (c) except as set forth in Schedule 3.4, require the Consent by any Person under, conflict with, result in a violation or breach of, constitute a default under, or result in the acceleration of any Material Contract. No Consent, Permit, Governmental Order, declaration, or filing with, or notice to, any Governmental Authority is required by or with respect to the Target Companies in connection with the execution and delivery of this Agreement and the Ancillary Documents to which any Seller is a party and the consummation of the transactions contemplated hereby and thereby, other than the applicable filings required by the HSR Act and filed prior to the date of this Agreement and the Consents set forth in Schedule 3.4, and except where the failure to make or obtain such Consent, Permit, Governmental Order, declaration, filing, or notice would not be material to the Target Companies individually or taken as a whole. 3.5 Financial Statements. (a) Copies of the consolidated audited financial statements of the Target Companies consisting of consolidated balance sheets, consolidated statements of income, stockholder's equity, and cash flows for the years ending September 30, 2023 and September 30, 2024 (the "Audited Financial Statements"), and consolidated unaudited financial statements consisting of the consolidated balance sheet of the Target Companies as of May 30, 2025 and the related statements of income for the eight- (8) month period then ended (the "Interim Financial Statements" and together with the Audited Financial Statements, the "Financial Statements") have been made available to Purchaser in the Data Room. The Financial Statements have been applied on a consistent basis throughout the period involved, subject, in the case of the Interim Financial Statements, to normal and recurring year-end adjustments and the absence of notes. The balance sheet of each Target Company as of September 30, 2024, is referred to herein as the "Balance Sheet" and the date thereof as the "Balance Sheet Date" and the balance sheet of each Target Company as of May 30, 2025 is referred to herein as the "Interim Balance Sheet" and the date thereof as the "Interim Balance Sheet Date." (b) The Financial Statements: (i) are true, correct and complete in all material respects, do not contain any material inaccuracies or discrepancies and have been prepared in accordance with GAAP and the books and records of the Target Companies; (ii) have been prepared in a manner consistently applied throughout the periods covered; (iii) present truthfully, fairly and accurately the financial condition of the Target Companies at the dates thereof and the results of their operations for the periods covered thereby; and (iv) do not omit any information necessary to make such Financial Statements not misleading. (c) The Target Companies keep books, records and accounts that, in reasonable detail, truthfully, accurately and fairly reflect (i) the material transactions and dispositions of assets of the Target Companies; and (ii) all other material transactions of the Target Companies. Except as set forth in Schedule 3.5(c), the financial condition of the Target Companies have not been materially affected during the past five (5) years by any contract that was not at arm's length. No Target Company has received any written notification of any (A) "significant deficiency" in the internal controls over financial reporting of such Target Company, (B) "material weakness" in the internal controls over financial reporting of such Target Company, or (C) fraud, whether or not material, that 30 involves management or other employees of such Target Company who have a significant role in the internal controls over financial reporting of such Target Company. (d) The Estimated Closing Statement sets forth all of the (i) Closing Indebtedness, including all Indebtedness to be repaid or retired pursuant to Section 2.5(a)(i)(B)(2), and (ii) Closing Transaction Expenses. Upon payment of such Closing Indebtedness and Closing Transaction Expenses in accordance with Section 2.5(a)(i)(B)(3), neither the Target Companies nor any their respective Affiliates (including the Purchaser and the Target Companies following the Closing) will have any Liabilities in respect of any Closing Indebtedness or Closing Transaction Expenses. 3.6 Undisclosed Liabilities. No Target Company has any Liabilities, except (a) those which are adequately reflected or reserved against in the Interim Balance Sheet as of the Interim Balance Sheet Date; (b) those which have been incurred in the Ordinary Course of Business since the Interim Balance Sheet Date and which are not material in amount; and (c) the Liabilities set forth in Schedule 3.6. 3.7 Absence of Certain Changes, Events, and Conditions. Except as necessary to effectuate the Pre-Closing Reorganization or as set forth in Schedule 3.7, since the Balance Sheet Date, (a) the Target Companies have operated in the Ordinary Course of Business in all material respects, (b) the Target Companies have used commercially reasonable efforts to preserve their business relationships, properties and assets with then present needs and past practices and (c) there has not been, with respect to the Equity Interests, the Business, or Target Companies, any: (i) event, occurrence, or development that has had a Material Adverse Effect; (ii) amendment or restatement of, or any other change to, the Organizational Documents of any Target Company; (iii) split, combination, or reclassification of the Equity Interests or any other equity interests of any Target Company; (iv) issuance, sale, or other disposition of the Equity Interests or any other equity interests of any Target Company, or grant of any options, warrants, or other rights to purchase or obtain (including upon conversion, exchange, or exercise) any Equity Interests or any other equity interests of any Target Company; (v) declaration, set aside or payment of any non-cash dividends or distributions on or in respect of the Equity Interests or any other equity interests of any Target Company, or redemption, purchase, or acquisition of any Equity Interests or any other equity interests of any Target Company; (vi) material change in any method of accounting or accounting practice of any Target Company, except as required by GAAP or applicable Law or as expressly disclosed in the notes to the Financial Statements; (vii) (A) incurrence, creation, assumption, or guarantee of any Indebtedness, except (1) unsecured current liabilities incurred in the Ordinary Course of 31 Business and, if outstanding as of the Closing, that will be reflected in Closing Working Capital or (2) Indebtedness which has been paid in full or will be paid in full at or prior to the Closing as Closing Indebtedness, (B) mortgage, hypothecation, pledge or subjugation to any Encumbrance of any of the assets or properties of the Business or a Target Company, or (C) loans or advances made or forgiven, or any capital contributions to, or investments in, any other Person; (viii) sale, lease, license, assignment, transfer or other disposition of any asset, property or business, except in the Ordinary Course of Business and except for any assets having an aggregate value of less than the Threshold Amount; (ix) entry into any Material Contract (other than any contracts with suppliers or customers entered into in the Ordinary Course of Business) or any modification, amendment or extension of, or termination of any Material Contract or grant of any waiver under or Consent with respect to any Material Contract; (x) (A) increase in the compensation (including bonuses and deferred compensation) or benefits payable or to become payable to any Company Service Provider other than increases in the Ordinary Course of Business in connection with the Target Companies' annual compensation review period; provided such increases are not greater than five percent (5%) in the aggregate; (B) acceleration of the vesting, funding or payment of any compensation or benefits under any Benefit Plan; (C) grant or entry into any termination, retention, pay in lieu of notice, incentive, retention, severance or change of control agreement or arrangement with any Company Service Provider; or (D) adoption, amendment, modification or entry into any collective bargaining agreement or Benefit Plan; (xi) acquisition by merger or consolidation with, or by purchase of a substantial portion of the assets or stock, or other equity interests of, or by any other manner, any business, or any Person or any division thereof for consideration in excess of the Threshold Amount; (xii) adoption of any plan of merger, consolidation, reorganization, liquidation, or dissolution or filing of a petition in bankruptcy under any provisions of federal or state bankruptcy Law or consent to the filing of any bankruptcy petition against it under any similar Law; (xiii) implementation or announcement of any "mass layoff" or "plant closing" (as those terms are defined in the WARN Act) or reduction in force, furlough, temporary layoff, or broad-based salary or wage reduction; (xiv) hiring, engagement, termination (other than for cause), furlough, or temporary termination of any individuals, in each case with annual compensation opportunities in excess of $100,000; (xv) loan or advance to any owner or former owner of a Target Company, including any shareholder, member, or partner, or any relative or Affiliate of any owner or 32 former owner of such Target Company, or redeemed or purchased any of its ownership interests (including shares, membership interests, or partnership interests); (xvi) transfer of any asset or payment of any commission, salary, or bonus to any owner or former owner of a Target Company, including any shareholder, member, or partner, or any relative or Affiliate of any owner or former owner of a Target Company, other than the payment of wages or salaries to employees of a Target Company in the Ordinary Course of Business, or payment of any rent, commission, or fee to any owner or former owner of such Target Company or any relative or Affiliate of any owner or former owner of a Target Company; (xvii) entry into any transaction with or for the benefit of any equityholder or former equityholder of any Target Company or any relative or Affiliate of any shareholder or former shareholder of such Target Company; (xviii) (A) commencement of any Action or (B) settlement, discharge or compromise of any Action against a Target Company unless such settlement only involved the payment of less than $500,000 in cash by the Target Companies (without any admission of liability or other adverse consequences or restriction on any Target Company); (xix) capital expenditure in excess of $250,000, in the aggregate; (xx) other than pursuant to any change in any insurance broker, failure to renew, or otherwise comply with the terms and conditions of any Insurance Policies with respect to the Business or the assets, operations and activities of a Target Company; (xxi) (A) any entity classification election or other material election in respect of Taxes, (B) adoption or change of any accounting method or period in respect of Taxes, (C) settlement of any Action or assessment in respect of any material Taxes, (D) entry into any "closing agreement" within the meaning of Section 7121 of the Code (or any corresponding or similar provision of state, local or non-U.S. Law), (E) entry into a voluntary disclosure or similar agreement or otherwise voluntary disclosure of any information to a Governmental Authority with respect to any material Taxes, (F) surrender of a right to a material credit or refund of any Tax, (G) consent to any extension or waiver of the limitation period applicable to any Action or assessment in respect of any material Taxes (other than as the result of extending the due date of a Tax Return), (H) request for any Tax ruling, (I) entry into any Tax sharing or similar contract or arrangement (other than any contract entered into in the Ordinary Course of Business and the principal subject matter of which is not Taxes), (J) entry into any installment sale or open transaction disposition or received any prepaid amount outside the Ordinary Course of Business, (K) filing of any Tax Return (including an amended Tax Return) in a manner that is inconsistent with the past practice of the applicable Target Company or (L) change of the jurisdiction of Tax residence of any Target Company or established a taxable presence in any jurisdiction outside the jurisdiction of incorporation of any Target Company; or (xxii) any agreement to do any of the foregoing, or any action or omission that would result in any of the foregoing.

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&nbsp;&nbsp;&nbsp;&nbsp;33 3.8 Material Contracts. (a) Schedule 3.8(a) lists each of the following contracts and other agreements of the Target Companies (x) entered into within the past five (5) years or (y) for which there are continuing Liabilities or obligations on the Target Company (together with all other contracts required to be listed, collectively, the "Material Contracts"): (i) each agreement involving aggregate consideration in excess of the Threshold Amount or requiring performance by any party more than one year from the Closing Date; (ii) all agreements that relate to the sale of any business, an equity interest or assets of any Person or any real property, other than the sale of inventory of the Target Companies in the Ordinary Course of Business, for consideration in excess of $1,000,000; (iii) all agreements that relate to the acquisition of any business, a material amount of equity or assets of any other Person or any real property (whether by merger, sale of stock or other equity interests, acquisition of assets, or otherwise), in each case involving amounts in excess of $1,000,000; (iv) except for agreements relating to trade payables, all agreements relating to Indebtedness in excess of $500,000; (v) all agreements with respect to Related Party Transactions; (vi) all collective bargaining agreements or agreements with any labor organization, union, or association; (vii) contract or agreement involving amounts in excess of $500,000, in the aggregate, containing (A) a fixed cost, fixed price, volume requirement or other floor or similar requirement or (B) an "earn-out" or other contingent payment obligation; (viii) consulting agreement or contract providing for the employment or engagement of any Company Service Provider on a full-time, part-time or consulting basis, in each case (A) whereby such individual has annual compensation opportunities in excess of $100,000 or (B) which cannot be terminated or cancelled at any time without any penalty or liability; (ix) contract or agreement for capital expenditures in excess of $250,000, in the aggregate, for which the underlying assets have not been delivered or under which a Target Company has any outstanding payment obligations; (x) any lease, sublease or similar agreement pursuant to which any Target Company holds or uses any tangible personal property owned by any third party having a value of more than $150,000 in the aggregate; 34 (xi) any lease, sublease or similar agreement with any Person under which any Target Company is a lessor or sublessor of, or makes available for use to any Person, any Real Property; (xii) contract or agreement under which a Target Company has, directly or indirectly, made any advance, loan, guaranty, extension of credit or capital contribution to, or other investment in, any Person (other than extensions of trade credit in the Ordinary Course of Business), in any such case which in excess of $125,000; (xiii) except for customer or supply contracts entered into in the Ordinary Course of Business, any contract or agreement having a value in excess of $500,000 that provides for consequential or special damages, continuing representation or warranty or any indemnification obligation; (xiv) settlement agreement of any Action within the past five (5) years in excess of $500,000; (xv) intellectual property (including trademark) licensing agreement under which a Target Company is a licensor or licensee of any Intellectual Property; (xvi) joint venture, partnership or similar contract or agreement in which a Target Company participates as a partner, member or joint venturer or otherwise involves in the sharing of profits, losses, costs or Liabilities by a Target Company with any other Person; (xvii) contract or agreement with any Material Customer; (xviii) contract or agreement with any Material Supplier; (xix) any surety, performance or completion bond or other surety arrangements; (xx) contract or agreement that (A) limits or restricts the ability of any Target Company from engaging in any line of business, in any geographic area, or with any Person, (B) restricts the development, performance, marketing or distribution of the products and services of any Target Company, (C) restricts or prohibits the transaction of business with any other Person (including by restricting the solicitation of business with any other Person) by any Target Company, (D) restricts or limits the entering into any market or line of business by any Target Company or any of their employees, (E) provides for "meet competition" or "most favored nation" pricing terms or similar rights in favor of a third party, (F) grants to another Person exclusive rights with respect to any products, services or territory, or (G) restricts the solicitation by any Target Company of any employees employed by any other Person; (xxi) any option, right of first refusal, right of first offer or similar contract or agreement; 35 (xxii) any customer contract providing for progress payments, advance payments or any other payment in installments pursuant to which the Target Company has received advance payment with respect to work to be performed or goods to be sold by any Target Company following the Closing; and (xxiii) confidentiality or non-disclosure contract or agreement entered into in connection with a potential acquisition of the Target Companies or the Business or otherwise in connection with the Sellers' exploration of strategic alternatives, engagement in sales process, or any other exit strategy undertaken by the Sellers. (b) No party to any of the Material Contracts is in breach or default thereof, and no event has occurred that, with the giving of notice or lapse of time or both, would constitute such a breach or default. Each Material Contract is in full force and effect and is valid and enforceable against the applicable Target Company and the other party thereto in accordance with its terms, except (i) as limited by applicable bankruptcy, insolvency, reorganization, moratorium, fraudulent conveyance, or other Laws of general application relating to or affecting the enforcement of creditors' rights generally, or (ii) as limited by Laws relating to the availability of specific performance, injunctive relief, or other equitable remedies. No event has occurred or is occurring that, with the giving of notice or lapse of time or both, would give a party thereto a right to terminate, modify or accelerate any such Material Contract or would create additional rights or compensation under or require the Consent of any Person under any such Material Contract, or result in the creation of an Encumbrance on any of the assets of any Target Company or the Equity Interests. Except as set forth on Schedule 3.8(b), the execution and delivery of this Agreement and the Ancillary Documents, the performance of the obligations thereunder, and the consummation of the transaction contemplated hereby and thereby will not (x) violate, or conflict with, or result in a breach of, or give rise to a right of modification of, any provision of or constitute a default (or an event which, with the giving of notice, the passage of time or otherwise would constitute a default) under, or entitle any party (with the giving of notice, the passage of time or otherwise) to terminate, accelerate or call a default under, or result in the creation of any Encumbrance upon any of the properties or assets of the Target Companies under any of the terms or conditions of any Material Contract or (y) require the Consent of any party (other than the Target Companies) to any Material Contract. The Target Companies have furnished the Purchaser with true and complete copies of all written Material Contracts. With respect to any Material Contract that is a customer contract providing for progress payments, advance payments or any other payment in installments, the amount of each such required payment are proportionate to and commensurate with the amount of costs incurred or payable or to be incurred or payable in respect of performance under any such Material Contract as of each such payment, except that Material Contracts that are construction-related contracts incorporating such forms of payment in the Ordinary Course of Business have over and under billing as reflected on the Financial Statements. 3.9 Government Contracts. (a) Schedule 3.9(a)-1 contains a true, correct and complete list of each agreement having a value of more than $250,000 in the aggregate that the Target Companies have entered into with a Governmental Authority that is in effect (each such agreement, a "Government Contract"), each bid having a value of more than $250,000 in the aggregate with a Governmental Authority that is currently open and eligible for the award of a Government Contract (each such bid, a "Government 36 Bid"), and each Government Contract that has expired that includes ongoing warranty obligations of the Target Companies for the products sold or services provided. Except as set forth on Schedule 3.9(a)-2, each Government Contract listed on Schedule 3.9(a)-1 is legal, valid, binding, enforceable, and in full force and effect. The Sellers have delivered to the Purchaser true, correct and complete copies of all of the Government Contracts and Government Bids listed on Schedule 3.9(a)-1. No Target Company has received any notice nor has reason to believe that there has been or will be any material change in the terms of any Government Contracts as a result of the consummation of the transactions contemplated by the Agreement. No Government Contract is expected to result in a loss following the Closing. (b) Set forth on Schedule 3.9(b) is a list and description of the top ten (10) Government Contracts according to each Target Company's expected contract value. (c) Except as set forth on Schedule 3.9(c): (i) No Target Company has been notified that any Government Bids or Government Contracts are currently the subject or reasonably likely to become the subject of any bid or award protest proceedings. (ii) Each Target Company has complied with the terms and conditions of each Government Contract and the requirements contained in solicitations for any Government Bid and any applicable Laws pertaining thereto. All representations, warranties, and certifications made by such Target Company with respect to any Government Contract or Government Bid, including all invoices and claims arising therefrom, were proper and accurate as of their effective date, and such Target Company has complied in all material respects with such representations, warranties, and certifications. Neither any of the Target Companies nor any other party to any Government Contract is currently in violation, breach or default under any such Government Contract or, with or without notice or lapse of time or both, would be in violation or breach of or default under any such Government Contract. (iii) No Target Company has misrepresented its size or any other status in connection with the award or performance of any Government Contract or Government Bid, and each Target Company maintains adequate internal management procedures governing size and status representations or certifications to prevent false representations or certifications and timely correct invalid representations or certifications. Each Target Company is in material compliance with small business subcontracting goals or maintains sufficient records to demonstrate good faith compliance efforts. With respect to each Government Contract under which a Target Company is subcontractor to a small business, such Target Company has complied with all Laws related to small business partners arising as a result of or under each such Government Contract. In the past five (5) years, the Target Companies have not checked the "set-aside" box on any Government Contract as a result of or to indicate its status as a small business or any other "set-aside" category, nor, to the Knowledge of Seller, has any customer done so. (iv) No Government Contract was entered into with the anticipation that such Government Contract would result in a loss upon completion or performance thereof,

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&nbsp;&nbsp;&nbsp;&nbsp;37 nor has anything come to the attention of any Target Company which would reasonably lead it to believe that any such Government Contract is currently expected to result in any loss. No Target Company has received any written or oral notification of cost, schedule, technical, or quality problems that could result in an Action against such Target Company (or successors in interest) by a Governmental Authority, a prime contractor, or a subcontractor at any tier within the past five (5) years. There are no Government Contracts pursuant to which a Target Company expects to experience cost, schedule, technical, or quality problems that could result in an Action against any of the Target Companies (or successors in interest) by a Governmental Authority, a prime contractor or a subcontractor at any tier. No Government Contract has incurred or currently projects losses or cost overruns. (v) No Target Company has received or been subject to, within the five (5) years prior to the date of this Agreement, any termination for convenience, termination for default, cure notice, show cause notice, or other similar notice; no such action or notice is currently in effect, has been issued or remains unresolved. No Target Company has received notice of, and there is no event, condition, or omission that has occurred or exists that would constitute grounds for such an action. (vi) No Target Company has received notice of, and there is no alleged conduct that may be required to be disclosed to any Governmental Authority in connection with the award, performance or closeout of any Government Contract or Government Bid. No Target Company has made any voluntary or mandatory disclosures with respect to any alleged material irregularity, material misstatement or material omission arising under or relating to any Government Contract or Government Bid. Each Target Company is in compliance with all ethical obligations imposed by the Federal Acquisition Regulation (48 C.F.R. § 1000 et seq.) ("FAR"), including the requirements to maintain a written code of business ethics and conduct and to diligently prevent, detect, and report criminal or otherwise unethical conduct found in FAR 52.203-13. There is no "credible evidence" of any conduct requiring investigation to determine whether any Target Company is required to make any disclosures to any Governmental Authority under the FAR ethics rules. Each Target Company has undertaken the appropriate level of review or investigation to determine whether such Target Company is required to make any disclosures to any Governmental Authority under the FAR ethics rules. There exist no facts or circumstances that, with the passage of time or the giving of notice or both, would constitute a violation of the FAR ethics rules. (vii) Each Target Company has made, in a timely and proper fashion, any and all material claims to which it may be entitled and all appeals necessary to preserve its rights in connection with all Government Contracts. There are (A) no outstanding Actions or requests for equitable adjustment against any Target Company by the U.S. Government or any other Governmental Authority, by any prime contractor, higher or lower tier subcontractor, vendor or other third party arising under or relating to any Government Contract, (B) no monies due to any Target Company pertaining to any Government Contract that has been withheld or set off, and no attempt to withhold or set off any monies due under any Government Contract and (C) no outstanding disputes between a Target Company, on the one hand, and the U.S. Government or any other Governmental 38 Authority, on the other hand, under the Contract Disputes Act or any other Law or between a Target Company, on the one hand, and any prime contractor, higher or lower tier subcontractor, vendor or other third party, on the other hand, arising under or relating to any such Government Contract. No Target Company has any pending or potential Action against the U.S. Government, any other Governmental Authority or any prime contractor, higher or lower tier subcontractor or vendor arising under or relating to any Government Contract. (viii) The pricing, estimating and procurement systems relating to the Government Contracts have been disclosed to the Purchaser and are in compliance in all material respects with all applicable Laws, including the FAR and the Defense Federal Acquisition Regulation Supplement (48 C.F.R. Chapter 2). (ix) There are no open inquiries, investigations, audits, disputes or controversies with respect to any Government Contract or any violations of any Law relating to Government Contracts. No suspension, debarment, or exclusion proceeding actions with respect to Government Contracts have been commenced or threatened against any Target Company or its directors, officers, or employees. No circumstances exist that would warrant the institution of suspension or debarment proceedings against any Target Company or its directors, officers, or employees. None of the Target Companies nor any of their respective directors, officers or employees has been (A) debarred or suspended from participation in, or the award of, any Government Contract or (B) is currently proposed for suspension or debarment. (x) There are no claims, whether pending, or completed, or threatened, within the five (5) year period preceding the date hereof, relating to the performance or administration of Government Contracts by a Target Company. Each Target Company maintains systems of internal controls (including cost accounting systems, estimating systems, purchasing systems, proposal systems, billing systems, material management systems and document retention systems) that are in material compliance with all applicable requirements of all of the Government Contracts and all applicable Laws. There has been no, and there is no basis for, a finding of fraud, defective pricing, mischarging, or improper payments on the part of any of the Target Companies. No Target Company has been advised in writing by any source or advised verbally by an authorized governmental officer or point of contact of any prime contractor or subcontractor at any tier, that an Action pertaining to any of its Government Contracts will take place or is under consideration. (xi) No Target Company has engaged in any collusive bidding, defective pricing, over billing, conflicts of interest, undisclosed or unauthorized product substitution (including undisclosed or unauthorized use of foreign products) or improper time or expense charging or payment of gratuities with respect to any Government Contract, and all statements, claims and certifications made in connection with any Government Contract were true, accurate and complete in all material respects when made. No payment has been made by any Target Company or by a Person acting on a Target Company's behalf, to any Person (other than to any bona fide employee or agent of such Target Company, as defined in subpart 3.4 of the FAR) that is or was improperly contingent upon the award of any 39 Government Contract or subcontract which would otherwise be in violation of any applicable procurement Law or any other Laws. (d) No Target Company has assigned or otherwise conveyed or transferred, or agreed to assign, to any Person, any Government Contracts, or any amounts receivable, including accounts receivable and for completed but unbilled work, relating thereto, whether as a security interest or otherwise. No personal property, equipment or fixtures have been loaned, bailed or otherwise furnished to any Target Company by or on behalf of any Governmental Authority. 3.10 Title to Assets; Real Property. (a) The Business is conducted only through the Target Companies. The assets and property (real and personal), tangible and intangible, currently owned, leased, licensed, used or held for use by the Target Companies are sufficient for the operation of the Business. None of the Excluded Assets are necessary to operate the Business. Each Target Company owns or otherwise has the right to use all of the properties and assets, real and personal, tangible and intangible, now owned, used or held for use in the operation of the Business to which such Target Company is involved. Each Target Company has, and after consummation of the transactions contemplated by this Agreement and the Ancillary Documents will continue to have, good and valid fee simple or leasehold title, as applicable, to all of the assets, real and personal, tangible and intangible, of such Target Company and all the assets used in the Business to which such Target Company is involved, free and clear of all Encumbrances, other than Encumbrances that are: (i) described on Schedule 3.10(a)(i); (ii) statutory liens for current period Taxes, special assessments or other governmental charges not yet due and payable; (iii) mechanics', workmen's, repairmen's, warehousemen's and carriers' liens arising in the Ordinary Course of Business consistent with past practices of the Business and that are not subject to enforcement proceedings; and (iv) all matters of public record that would not reasonably be expected to materially and adversely affect the operation of the Business ("Permitted Encumbrances"). (b) Set forth on Schedule 3.10(b) is (i) a complete list and a true, correct and complete legal description, tax parcel identification number and street address of all real property that is owned by the Target Companies (such real property, together with all buildings, improvements, structures, facilities, fixtures, systems and equipment located thereon, as well as each Target Company's right, title, and interest, if any, in and to all easements, rights, licenses and appurtenances related thereto and all rights, title, privileges and appurtenances pertaining thereto, shall be collectively referred to as the "Owned Property"); and (ii) a description of each parcel of real property or other authorization or agreement (whether written or oral) under which any Target Company is a lessee, lessor, sublessee or sublessor, licensee or licensor, or has the right or authorization to occupy, use and/or mine any real property, including the identity of the counterparty and details regarding any easements, rights-of-way, surface use agreements or other rights tied to such real property (the "Leased Property"). The Owned Property, Fee Property, and the Leased Property are collectively referred to as the "Real Property". (c) With respect to the Owned Property and the Fee Property other than as set forth on Schedule 3.10(c): (i) the Target Companies have good and marketable fee simple title to such Owned Property and Fee Property, as applicable, in each case free and clear of all Encumbrances (other than Permitted Encumbrances); (ii) no Target Company nor any Seller has leased to or 40 otherwise granted any Person the right to use or occupy such Owned Property or Fee Property; (iii) no Person other than the Target Companies has any right, title or interest in or to the Owned Property or Fee Property binding on Purchaser following the consummation of the transactions contemplated herein, including any right to a royalty or other payment in respect thereof; and (iv) other than the right of Purchaser pursuant to this Agreement, there are no outstanding options, rights of first offer or rights of first refusal to purchase such Owned Property or Fee Property or any portion thereof or interest therein. Neither the Target Companies nor any Seller is a party to any contract or bound by any options, obligations or rights of first refusal or contractual rights to sell, lease or acquire any real property. The Sellers have delivered to Purchaser true, correct and complete copies of all deeds, outstanding mortgages, deeds of trust and other encumbrances, copies of any existing surveys, copies of any existing title insurance policies, and copies of any other document or instrument affecting such Owned Property or Fee Property or title thereto in the Target Companies' or such Sellers' possession, whether or not recorded. (d) All of the buildings, material fixtures and other improvements situated on the Leased Property and all other material items of property are in good operating and working condition and in a reasonable state of repair, ordinary wear and tear excepted, and maintenance of such items has not been deferred beyond a reasonable time period. The conduct of the Business does not violate in any material respect any covenant, condition, restriction, easement, real property license or contract applicable to the Owned Property. Sellers have not received any written notice from any Governmental Authority with respect to the Owned Property requiring performance of any structural or other repairs or alterations (to such real property that have not been completed). (e) No binding commitment has been made by any Target Company or any of their Affiliates to any Governmental Authority, utility company or any other organization, group or individual relating to the Real Property or any part thereof which imposes upon or could impose upon any such Target Company or any of their Affiliates an obligation to make any contribution or dedication of money or land or to construct, install or maintain any improvements of a public or private nature on or off such Real Property. No Target Company is bound by any options, obligations or rights of first refusal, rights of first title, rights of reverter, purchase options, or other similar contractual rights to sell, lease or acquire any real property. No Target Company has received any notice by any relevant Governmental Authority or Persons of existing, pending or threatened (i) condemnation, expropriation, eminent domain or other similar proceeding or (ii) zoning, building code or other moratorium proceedings or similar matters which would reasonably be expected to materially and adversely affect the ability to operate the Real Property as currently operated. (f) True and complete copies of all leases, subleases, licenses or other written authorizations to which any Target Company or any of their Affiliates is a party respecting any Leased Property and all other instruments granting such leasehold interests, rights, options or other interests to use, occupy or mine any real property (including all amendments, modifications and supplements thereto and guaranties thereof) (the "Property Leases"), have been delivered to the Purchaser. All Property Leases are currently and shall be valid, in full force and effect and binding in accordance with their respective terms immediately following the Closing, subject to (i) applicable bankruptcy, insolvency, reorganization, moratorium, fraudulent conveyance, or other Laws of general application relating to or affecting the enforcement of creditors' rights generally, or (ii) as limited by Laws relating to the availability of specific performance, injunctive relief, or other equitable remedies.

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&nbsp;&nbsp;&nbsp;&nbsp;41 (g) With respect to the Property Leases, no Target Company has given nor received any written notice in accordance with the Property Leases asserting an event of default or breach on the part of any party to the Property Leases and no event that, with the giving of notice or lapse of time or both would constitute a default, breach or event of default, or otherwise permit the termination, modification or acceleration of rent or other rights under such lease, has occurred and is continuing. No Target Company has given nor received any written notice asserting that the Property Leases are not in full force and effect in accordance with their terms. All rental and other payments due under each of the Property Leases have been duly paid in accordance with the terms of such Property Leases. The Target Companies have good, valid and enforceable leasehold interests in the Leased Property, free and clear of all Encumbrances (other than Permitted Encumbrances). No Target Company has assigned, subleased or transferred any of its interest under any Property Lease to any other party. No Target Company has received written notice of any assignment, transfer, mortgage or pledge of the lessor's interest under any Property Lease or in any of the rents payable thereunder. Except as set forth on Schedule 3.10(g), the assignment of all of the Target Companies' or their Affiliates' right, title and interest in and to the Property Leases associated with the Excluded Assets pursuant to this Agreement does not require the Consent of any party to, and will not constitute a breach or an event of default under, or permit any party to terminate or change the existing terms of, any Property Lease. (h) Each Target Company has good and valid title to all items of personal property owned by it, and a valid and enforceable leasehold interest in all tangible items of personal property leased by or licensed to it, in each case, free and clear of all Encumbrances (other than Permitted Encumbrances). Except for the Excluded Assets, the assets, properties and rights owned by the Target Companies are all the assets, properties and rights used by the Target Companies in the operation of the Business in the Ordinary Course of Business. Except as set forth on Schedule 3.10(h), such equipment and other personal property has been maintained in accordance with good business practices (and such maintenance has been done in compliance with all warranties), and is in good operating condition and repair (normal wear and tear excepted) and are suitable for the purposes for which they are presently used. None of the tangible personal property nor any of the assets of any of the Target Companies has been (i) operated or maintained other than in the Ordinary Course of Business or (ii) materially and adversely affected in any way as a result of any fire, explosion, earthquake, disaster, flood, erosion, accident or similar casualty, whether or not covered by insurance. 3.11 Intellectual Property; IT Systems. (a) Schedule 3.11(a) sets forth a list of all issued patents, patents pending, registered trademarks, service marks, corporate names, domain names, social media accounts and copyrights and all applications therefor owned by the Target Companies and all jurisdictions in which such items are patented, registered or filed. Schedule 3.11(a) also sets forth each license, agreement or other permission of the Target Companies, with respect to any Company Intellectual Property, other than (i) commercially available "off-the-shelf" software under which software is licensed to the Target Companies, and (ii) Target Company IP Agreements. The Sellers have made available to Purchaser true, correct and complete copies of the Company Intellectual Property and Target Company IP Agreements. (b) As used in this Section 3.11, "Company Intellectual Property" shall mean all intellectual property set forth in Schedule 3.11(b) and all inventions, invention disclosures (whether 42 patentable or unpatentable), patents, patent applications, designs, copyrights, mask works, trademarks, service marks, trade dress, trade names, trade secrets, computer programs, domain names, Internet websites, social media accounts and know-how used in and material to the conduct of the Business. Other than the Intellectual Property licensed by the Target Companies pursuant to the Target Company IP Agreements, the Target Companies own exclusively all of the Intellectual Property used in connection with the Business, including all Company Intellectual Property developed by employees or contractors of the Target Companies within the scope of their employment or engagement by the Target Companies. No other Company Intellectual Property is necessary to conduct the Business. All Company Intellectual Property owned by the Target Companies is owned free and clear of all Encumbrances (other than Permitted Encumbrances). (c) The conduct of the Business by the Target Companies, including the design, development, use, import, export, manufacture, licensing, sale, offering for sale, supply or other disposition of any products or services has not and does not infringe, violate or misappropriate any Person's Intellectual Property rights, and no claims have been asserted in writing within the past six (6) years by any Person with respect to the ownership or use by the Target Companies of the Intellectual Property. The Target Companies are not bound by, and none of the Intellectual Property is subject to, any contract that in any way limits or restricts the ability of any Target Company to use, exploit, assert or enforce any of the Company Intellectual Property anywhere in the world. Consummation of the transactions contemplated hereby will not result in the termination or diminution of any rights of the Target Companies in or to any Intellectual Property used to conduct the Business. No other Person has a right to use any of the Company Intellectual Property. (d) The Target Companies are in compliance with applicable Privacy and Security Requirements in all material respects. The Target Companies have implemented commercially reasonable safeguards to protect Personal Information from unauthorized access. The Target Companies have not experienced any breach of Personal Information under applicable Privacy and Security Requirement in the previous two years. In the previous two (2) years, no Target Company has received any written complaints regarding the unauthorized Processing of Personal Information or non-compliance with applicable Privacy and Security Requirements. The execution and delivery of this Agreement and the Ancillary Documents, and the performance by the Target Companies of their obligations thereunder, will not violate any applicable Privacy and Security Requirements in any material respect. (e) Each Target Company has taken reasonable steps in accordance with normal industry practice to secure its rights in, and to protect, the Company Intellectual Property. Without limiting the foregoing, each Target Company has required each of their respective employees and independent contractors who is or was involved in or has contributed to the invention, creation, or development of any Intellectual Property during the course of employment or engagement with such Target Company (or any such predecessor) to execute an agreement that (i) requires such employee or independent contractor to maintain the confidentiality of all proprietary information received or developed in the course of the employment and (ii) assigns to such Target Company (or any such predecessor) all rights in any Intellectual Property developed by such employee or independent contractor in the course of the employment. Except under appropriate confidentiality obligations, 43 there has been no disclosure by a Target Company of any trade secrets or other confidential information used in conducting the Business. (f) The Information Technology currently used or held for use in connection with the operations of the Target Companies or leased or licensed to a Target Company (the "Company IT") is adequate for the conduct of the Business, and operates and performs, in accordance with their documentation and otherwise as required in connection with the operation of the Business. No notice of a material defect has been sent or received by a Target Company in respect of any license or lease under which a Target Company receives Information Technology. The Company IT has not materially malfunctioned or failed and does not contain any faults or contaminants, that (i) materially disrupt or adversely affect the functionality or legitimate operation of any Company IT or systems, or (ii) enable or assist any Person to access without authorization any Company IT. The Target Companies have taken all steps reasonably necessary (but in no event less than reasonable practices in the industry in which the Target Companies operate) to (A) secure the Company IT from unauthorized access or use by any Person, (B) defend the Company IT against denial of service attacks, distributed denial of service attacks, hacking attempts, and like activities by any other Person, and (C) ensure the continued, uninterrupted, and error-free operation of the Company IT. No Person has gained unauthorized access to any Company IT. Disaster recovery plans are in effect and are designed to ensure that, in the event of a failure of the computer systems operated by the Target Companies, these computer systems can be replaced without material disruption to the Target Companies. 3.12 Insurance. (a) Schedule 3.12(a) sets forth a list, as of the date hereof, of all policies of insurance maintained by each Target Company or with respect to which each Target Company is a named insured or otherwise the beneficiary of coverage, including insurance (a) providing for fire, property, casualty, business interruption, personal or product liability, workers' compensation and other forms of insurance coverage for the Target Companies, (b) providing for fire, property, casualty and other forms of insurance coverage for the Real Property, (c) otherwise covering the Business and the assets, equipment, properties, operations, employees, officers and directors related thereto, or (d) any other insurance policy a Target Company is a party to or under which a Target Company is covered (collectively, the "Insurance Policies"). All of the Insurance Policies will be outstanding and in full force and effect at the Closing, and the consummation of the transaction contemplated by this Agreement will not cause a cancellation or reduction in the coverage of the Insurance Policies. There was no material inaccuracy in any application for any such insurance coverage. There is no pending claim, action, suit or proceeding arising out of or based upon any of the Insurance Policies, and no such claim, action, suit or proceeding is threatened. There is no notice of any pending or threatened termination or premium increase with respect to any of the Insurance Policies, and the Target Companies are in material compliance with all conditions contained therein. (b) All premiums payable under the Insurance Policies have been paid, when due or within applicable grace periods, and each of the Target Companies is in full compliance with the terms and conditions of each such policy. None of the Insurance Policies provide for retrospective premium adjustments and there are no outstanding requirements by an issuer or Governmental Authority for risk improvements that would give rise to a material capital expenditure after the Closing. Each Target Company has given notice to the insurer of all known claims that may be 44 insured under each Insurance Policy, and the estimates on all outstanding claims are accurate and no circumstances exist that would cause such estimates to materially change. There have been no claims or events that could give rise to an Action that would be insurable in the Ordinary Course of Business, but for which an Insurance Policy was not acquired. During the last three (3) years, the Target Companies have not (i) been refused any insurance with respect to its assets or the Business, (ii) had coverage limited by any insurance carrier to which any Target Company has applied for insurance or with which any Target Company has carried insurance, or (iii) received any notice of cancellation or non-renewal of any of its Insurance Policies. 3.13 Legal Proceedings; Governmental Orders. (a) Except as set forth on Schedule 3.13(a), there is not currently, and during the last five (5) years there has not been any, material Action pending or, to the Sellers' Knowledge, threatened against or relating to any of the Target Companies, the Business or its assets or relating to or involving the transactions contemplated by this Agreement or any Ancillary Document at law or in equity, or before or by any Governmental Authority, and, to the Sellers' Knowledge, no event has occurred or circumstances exist that would reasonably give rise to or serve as the basis for any commencement of any Action. No Target Company has received any opinion or memorandum or legal advice or notice from legal counsel to the effect that it is exposed, from a legal standpoint, to any Liability or disadvantage that may be material to its assets, properties, business or business prospects. There is no pending material Action brought by any Target Company, or which any Target Company intends to initiate, against any other Person. (b) No Target Company is currently, nor during the last five (5) years has been, a party or subject to, or in default with respect to, any material Governmental Order and there are no unsatisfied judgments, penalties or awards against or affecting any Target Company or any of their respective properties or assets, and no Target Company has been notified, whether in writing or otherwise, by any Governmental Authority communicating such Governmental Authority's intention to conduct an investigation with respect to any of the Target Companies. None of the Target Companies nor any of their employees or managers has been permanently or temporarily enjoined by any Governmental Order from engaging in or continuing any conduct or practice. 3.14 Compliance With Laws; Permits. (a) The Target Companies are currently, and have been at all times, in material compliance with all Laws, Governmental Orders and licensing requirements of Governmental Authorities applicable to the Target Companies, the Business, the assets and properties of the Target Companies. There has been no allegation of any violation of any Law, and no Action or Claim by any Governmental Authority is pending or, to the Knowledge of Sellers, threatened or planned with respect to the Target Companies. The Target Companies are not currently liable for the payment of any Liabilities, however designated, for failure to comply with any Law and, to the Knowledge of Sellers, no material expenditures are or will be required to remain in compliance with such Laws. To the Knowledge of Sellers, there is not any present or proposed requirement of any applicable Law that is due to be imposed on the Target Companies that is reasonably likely to increase the cost of complying with such Laws or that would render illegal or restrict the operations of the Target Companies or the Business. No Target Company is in default or violation of any provision of its

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&nbsp;&nbsp;&nbsp;&nbsp;45 Organizational Documents and there is no event that, with the giving of notice or passage of time or both, would constitute a default or violation by any of the Target Companies thereunder. (b) The transactions contemplated hereunder will not result in the revocation, cancellation, suspension, or any materially adverse modification of any Permits. The Target Companies currently possess, and the Target Companies have at all times possessed, all requisite Permits from all Governmental Authorities, necessary to conduct the Business, and to own, lease and operate their properties in the manner currently held and operated. The Target Companies are, and at all times during the previous five (5) years have been, in compliance in all material respects with all the terms and conditions related to such Permits. The consummation of the transactions contemplated hereby will not, and there are no Actions pending or, to the Knowledge of Sellers, threatened which may, result in revocation, cancellation, suspension, or any materially adverse modification of any of such Permits. All of such Permits currently required are in full force and effect. Schedule 3.14(b) sets forth a true, correct and complete list of all material Permits of the Business. 3.15 Environmental Matters. (a) Except as set forth in Schedule 3.15(a), or as would not result in any material Liability to any Target Company, each of the Target Companies and the Real Property is and at all times has been in compliance in all material respects with applicable Environmental Laws and any Environmental Permits related thereto, and no Person with an indemnity or contribution obligation to any Target Company relating to compliance with or liability under any Environmental Laws or Environmental Permits is in default with respect to such obligation. Within the last six (6) years, no Seller or Target Company has received from any Person any (i) Environmental Notice or Environmental Claim, (ii) written request for information pursuant to Environmental Law, or (iii) written request to take any remedial action related to any Real Property or make any capital improvements in order to place any such property or the improvements located thereon in compliance with such Environmental Law. (b) No Hazardous Materials are presently constructed, deposited, stored or otherwise located on, under, in or about any Real Property in violation of Environmental Laws, nor have any Hazardous Materials migrated or threatened to migrate from the Real Property onto, about or beneath any other properties, nor have any Hazardous Materials migrated or threatened to migrate from other properties onto, about or beneath the Real Property. No Hazardous Materials generated by any Target Company are located under, in or about the Real Property in violation of Environmental Laws or Environmental Permits and at all times in the past during any Seller's or Target Company's period of ownership, all Hazardous Materials have been transported to a waste disposal facility or other site in accordance with Environmental Laws and Environmental Permits and not in any manner that could reasonably be expected to result in any Environmental Claim or material Liability. (c) Sellers have previously made available to the Purchaser in the Data Room all material reports in the possession of the Sellers or the Target Companies concerning any environmental investigations, audits, assessments or remedial activities conducted by or on behalf of the Sellers or the Target Companies. There are no Environmental Claims pending or threatened in writing against any Target Company relating to the operation of the Business or of any Target 46 Company and there are no Actions, activities, circumstances, conditions, events or incidents that could reasonably be expected to form the basis of such an Environmental Claim. (d) The Target Companies are not obligated to perform any action or otherwise incur any material expense under Environmental Laws pursuant to any Governmental Order by which such Target Company is bound or has assumed by contract or operation of Law, and the Target Companies are not conducting or financing any response pursuant to any Environmental Laws with respect to any Real Property or otherwise. No Real Property or any of their predecessors in interest is (i) listed on the National Priorities List promulgated pursuant to CERCLA, (ii) listed on the Comprehensive Environmental Response, Compensation and Liability Information System promulgated pursuant to CERCLA, or (iii) included on any similar list maintained by any Governmental Authority. (e) No Encumbrance has been recorded or threatened in writing under any Environmental Laws with respect to any Real Property or other assets of any Target Company, other than notifications in connection with the transfer of Environmental Permits in connection with transaction contemplated hereby. No Target Company is a party to, or subject to the terms of, any Governmental Order under any applicable Environmental Laws and no Target Company has entered into any contract with a Governmental Authority or other Person agreeing to any liability or assuming any obligation under applicable Environmental Laws. No (i) underground improvement, including, without limitation, any treatment or storage tank, sump, or water, gas or oil well or (ii) above-ground storage tank is or ever has been located on the Real Property or the Former Real Property. 3.16 Employee Benefit Matters. (a) Set forth on Schedule 3.16(a) is a complete and correct list of each Benefit Plan. For purposes of this Agreement, "Benefit Plan" means (i) any "employee benefit plan" as defined in Section 3(3) of ERISA (whether or not subject to ERISA) and any other benefit scheme, agreement, arrangement or obligation to provide compensation or benefits, including employment contracts and consulting agreements; (ii) any retirement, employment, consulting, compensation, incentive, bonus, stock option, restricted stock, stock appreciation right, phantom equity, or other equity, change in control, severance, vacation, paid time off, welfare and fringe-benefit agreement, plan, policy, and program; and (iii) any other employee benefit plan, policy, program, agreement, arrangement or commitment, whether or not reduced to writing, for the benefit of any Company Service Provider or the beneficiaries or dependents thereof, and which is maintained, sponsored, contributed to, or required to be contributed to by any of the Target Companies, or under which any Target Company or any ERISA Affiliate has or may have any current or contingent Liability. Except for the Benefit Plans, none of the Company Service Providers participate in any compensatory, benefit, or other arrangement or plan maintained, sponsored, contributed to, or required to be contributed to by the Sellers. (b) Except as set forth in Schedule 3.16(b)-1, each Benefit Plan and related trust complies with all applicable Laws (including ERISA, the Code and applicable local Laws). Each Benefit Plan that is intended to be qualified under Section 401(a) of the Code (a "Qualified Benefit Plan") has received a favorable determination letter from the Internal Revenue Service, or with 47 respect to a prototype plan, can rely on an opinion letter from the Internal Revenue Service to the prototype plan sponsor, to the effect that such Qualified Benefit Plan is so qualified and that the plan and the trust related thereto are exempt from federal income Taxes under Sections 401(a) and 501(a), respectively, of the Code, and, to Sellers' Knowledge, nothing has occurred that could reasonably be expected to cause the revocation of such determination letter from the Internal Revenue Service or the unavailability of reliance on such opinion letter from the Internal Revenue Service. Except as set forth in Schedule 3.16(b)-2, all benefits, contributions, and premiums required by and due under the terms of each Benefit Plan or applicable Law have been timely paid in accordance with the terms of such Benefit Plan, the terms of all applicable Laws. With respect to any Benefit Plan, to Sellers' Knowledge, no event has occurred or is reasonably expected to occur that has resulted in or would subject the Target Companies to a Tax under Section 4971 of the Code or the assets of the Target Companies to a lien under Section 430(k) of the Code. (c) Except as set forth in Schedule 3.16(c), no Benefit Plan: (i) is subject to the minimum funding standards of Section 302 of ERISA or Section 412 of the Code; or (ii) is a "multi- employer plan" (as defined in Section 3(37) of ERISA). Neither Sellers nor the Target Companies have: (y) withdrawn from any pension plan under circumstances resulting (or expected to result) in a Liability to the Pension Benefit Guaranty Corporation; or (z) engaged in any transaction which would give rise to a Liability of the Target Companies or Purchaser under Section 4069 or Section 4212(c) of ERISA. (d) No Target Company nor any ERISA Affiliate is in default under any Benefit Plan. There is no Action, suit or claim, other than routine claims for benefits, pending or threatened with respect to any Benefit Plan or the fiduciaries thereof, or against the assets of any Benefit Plan or the Target Companies. No civil or criminal action brought pursuant to the provisions of Title I, Subtitle B, Part 5 of ERISA is pending or threatened against any fiduciary of any Benefit Plan. Except as set forth in Schedule 3.16(d), there have been no prohibited transactions or breaches of any of the duties imposed on fiduciaries (within the meaning of Section 3(21) of ERISA) by ERISA with respect to any Benefit Plan that could result in any liability or excise Tax under ERISA or the Code being imposed on a Target Company. (e) Except as set forth in Schedule 3.16(e) and other than as required under Section 4980B of the Code or other applicable Law, no Benefit Plan provides benefits or coverage in the nature of health, life or disability insurance following retirement or other termination of employment (other than death benefits when termination occurs upon death). (f) Except as set forth in Schedule 3.16(f): (i) there is no pending or, to Sellers' Knowledge, threatened action relating to a Benefit Plan; and (ii) no Benefit Plan has been the direct or indirect subject of an examination or audit by a Governmental Authority. (g) Each Benefit Plan that is a "nonqualified deferred compensation plan" (within the meaning of Section 409A(d)(1) of the Code) subject to Section 409A of the Code has been documented and operated in compliance with the applicable requirements of Section 409A of the Code and the regulations thereunder as in effect from time-to-time. (h) Except as expressly provided in this Agreement, the consummation of the transactions contemplated by this Agreement or any Ancillary Document will not (either alone or 48 together with any other event): (i) result in the payment to any Company Service Provider of any payment or benefit; (ii) accelerate the time of payment or vesting or trigger or provide any additional rights, compensation or benefits (including funding of compensation or benefits through a trust or otherwise) to any Company Service Provider, or increase the amount payable or trigger any other obligation under, any Benefit Plan; (iii) result in the loss of a deduction under Section 280G of the Code; (iv) result in an "excess parachute payment" within the meaning of Section 280G(b) of the Code; (v) entitle any Person to receive any Tax gross-up, indemnity or reimbursement from a Target Company for any Tax incurred by such Person, including under Section 409A or Section 4999 of the Code; or (vi) limit or restrict the ability of Purchaser or its Affiliates to merge, amend, or terminate any Benefit Plan, in each case, as a result of the execution of this Agreement. 3.17 Employment Matters. (a) Set forth on Schedule 3.17(a) is a true and complete list of (i) each Company Service Provider employed by the Target Companies as of the date hereof, which includes each such Company Service Provider's (A) name, (B) title, (C) work location, (D) base salary or wage rate, (E) annual target incentive compensation opportunity, (F) date of hire, (G) leave status, (H) full- or part- time status and (I) Fair Labor Standards Act status (exempt or nonexempt); and (ii) the name of each Person, if any, holding fiduciary or other powers of attorney from the Target Companies and a summary of the terms thereof. (b) Except as set forth in Schedule 3.17(b)-1, no Target Company is, or has been in the last three (3) years, a party to, or bound by, any collective bargaining or other agreement with any labor organization. Except as set forth in Schedule 3.17(b)-2, there has not been, nor, to Sellers' Knowledge, has there been any threat of: (i) any strike, slowdown, work stoppage, lockout, picketing, concerted refusal to work overtime, unfair labor practice charge, labor grievance, labor arbitration, lockout or other similar labor activity or dispute affecting any Target Company or (ii) any union organization, certification or decertification efforts. (c) All obligations of the Target Companies, whether arising by operation of Law, contract, past custom or otherwise, for unemployment compensation benefits, pension benefits, salaries, wages, bonuses, sick leave, vacation and other forms of compensation and benefits payable to any Company Service Provider have been timely paid in full or adequate accruals therefor have been made in the Balance Sheet. (d) Each Target Company is in compliance with all applicable Laws pertaining to employment and employment practices to the extent they relate to Company Service Providers of such Target Company, including any provisions thereof relating to equal employment opportunity, wages, hours, overtime regulation, employee safety and health, misclassification, immigration control, drug testing, termination pay, paid sick leave, vacation pay, fringe benefits, collective bargaining, employment standards, terms and conditions of employment, human rights, accessibility, workers' compensation and the payment or accrual of the same and all Taxes, insurance and all other costs and expenses applicable thereto. (e) Except as set forth in Schedule 3.17(e), there are no Actions, suits, claims, investigations, grievances, arbitrations or other legal proceedings against any Target Company pending, or to Sellers' Knowledge, threatened to be brought or filed, by, with or before the National

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&nbsp;&nbsp;&nbsp;&nbsp;49 Labor Relations Board or any other Governmental Authority in connection with employment or labor practices (including, without limitation, the termination of employment of any Company Service Provider and any other employment related matter arising under applicable Laws). (f) In the last three (3) years, there have been no claims, complaints, notices or allegations, in each case, made in writing (or to Sellers' Knowledge, orally), relating to, sex-based discrimination, sexual harassment or sexual misconduct, or breach of any sex-based discrimination, sexual harassment or sexual misconduct policy of the Target Companies relating to the foregoing, in each case involving a Target Company or any Company Service Provider while serving in such capacity or, to Sellers' Knowledge, in any other capacity. The Target Companies have not entered into any settlement agreement or similar out-of-court or pre-litigation arrangement relating to any of the matters described in this Section 3.17(f). (g) Sellers have made available to Purchaser copies of all currently outstanding claims, complaints, reports or other documents in the Target Companies' files made by or against any Target Company or any of its Company Service Providers pursuant to workers' compensation Laws, Title VII of the Civil Rights Act of 1964, the Occupational Safety and Health Act of 1970, the National Labor Relations Act of 1935 or any other federal or state Laws relating to employment or labor. (h) In the last three (3) years, no Target Company has effectuated a "mass layoff" or "plant closing" as those terms are defined in the WARN Act. 3.18 Taxes. Except as set forth in Schedule 3.18: (a) Each Target Company has filed (taking into account any valid extensions) all material Tax Returns required to be filed by such Target Company. Such Tax Returns are true, complete, and correct in all material respects. No Target Company is currently the beneficiary of any extension of time within which to file any material Tax Return other than extensions of time to file Tax Returns obtained in the Ordinary Course of Business. All material Taxes required to be paid by each Target Company (regardless of whether or not such Taxes were shown as due on a Tax Return) have been timely paid to the appropriate Governmental Authority (taking into account extensions of time to pay such Taxes that are validly obtained). (b) No extensions or waivers of statutes of limitations have been given or requested with respect to any material Taxes of any Target Company. No Action has been threatened in writing by any Governmental Authority against the Target Companies in respect of any Tax (including any Tax filing or Tax reporting obligation). There are no Encumbrances for Taxes upon any of the assets or properties of the Target Companies, except for Permitted Encumbrances. No Target Company has (i) received or applied for a ruling relating to Taxes which could be binding on Purchaser, the Target Companies or any of their Affiliates after the Closing Date; or (ii) entered into a "closing agreement" as described in Section 7121 of the Code (or any comparable provisions of state, local or non-U.S. Law) with any Governmental Authority that is currently in effect. No power of attorney that is currently in force has been granted with respect to any matter relating to Taxes that could affect the Target Company after the Closing Date. 50 (c) There are no ongoing or pending actions, suits, claims, investigations, or other legal proceedings by any taxing authority against any Target Company. The Target Companies have not received from any Governmental Authority any: (i) written notice indicating an intent to open a Tax audit or other review; (ii) written request for information related to Tax matters; or (iii) written notice of deficiency or proposed Tax adjustment, in each case, which has not been fully resolved as of the date hereof. (d) No Target Company is a party to any Tax-sharing agreement. (e) All material Taxes that each Target Company is obligated to withhold from amounts owing to any employee, creditor, or third party have been paid or accrued. (f) Within the last six (6) years, no Target Company has received written notice of an Action in a jurisdiction that such Target Company does not file Tax Returns that the Target Company is or may be subject to taxation by that jurisdiction or required to file a Tax Return in that jurisdiction. (g) Within the last six (6) years, no Target Company has distributed stock of another Person or had its stock distributed by another Person, in each case in a transaction that was purported or intended to be governed in whole or in part by Section 355 or Section 361 of the Code (or any comparable provisions of state, local or non-U.S. Law). (h) As of the Balance Sheet Date, the Target Companies do not have any Liabilities for unpaid Taxes which have not been accrued or reserved on the Balance Sheet, whether asserted or unasserted, contingent or otherwise, and the Target Companies have not incurred any liability for Taxes other than in the Ordinary Course of Business (or recognized any extraordinary gain) since the Balance Sheet Date. (i) No Target Company is currently a party to or bound by any tax indemnity contract, tax sharing contract, tax allocation contract or similar contract (other than an agreement or arrangement (i) solely between Target Companies or (ii) entered into in the Ordinary Course of Business and the principal subject matter of which is not Taxes), and after the Closing Date, no Target Company will be bound by any such contract or have any liability thereunder for any amounts (except pursuant to any contract entered into in the Ordinary Course of Business and the principal subject matter of which is not Taxes). No Target Company has any liability for the Taxes of any Person (other than a Target Company) as a result of being a member of an affiliated, consolidated, combined, unitary, aggregate or similar group, as a transferee or successor, by operation of applicable Law. (j) No Target Company has ever been a member of an affiliated, combined, consolidated or unitary group filing a consolidated federal income Tax Return, other than a group the common parent of which was Warren Paving. (k) The Target Companies have (i) collected and remitted to the proper Governmental Authorities all sales, use, value added and similar Taxes that are required to be collected and remitted and (ii) for all sales or provisions of services that are exempt from sales, use, value added, and similar Taxes and that were made without charging or remitting such Taxes, received and retained any appropriate Tax exemption certificates and other documentation qualifying such sale or provision of services as exempt. 51 (l) The Target Companies have (i) timely withheld or collected and paid to the appropriate Governmental Authority in accordance with applicable Law all Taxes (including social security charges and similar fees, Federal Insurance Contribution Act amounts and Federal Unemployment Tax Act amounts and other similar Taxes) required to have been withheld or collected and paid in connection with any amounts paid or owing to its employees, creditors, customers, stockholders, independent contractors, customers and other third parties (including the holders of Capital Stock), (ii) filed correct and complete information Tax Returns to the extent required to be filed by it with respect thereto, and (iii) otherwise complied in all respects with all applicable Laws relating to the payment, withholding, deduction, collection and remittance of Taxes. (m) No Target Company will be required to include any item of income in, or exclude any item of deduction from, taxable income for any Post-Closing Tax Period as a result of (i) any adjustment under Section 481 of the Code (or any corresponding or similar provision of state, local or non-U.S. Law) by reason of a change in a method of accounting, the use of an improper method of accounting, or otherwise (including as a result of the transactions contemplated by this Agreement) for a Pre-Closing Tax Period, (ii) any "closing agreement" within the meaning of Section 7121 of the Code (or any corresponding or similar provision of state, local or non-U.S. Law) entered into on or prior to the Closing, (iii) any intercompany transaction (including any intercompany transaction subject to Sections 367 or 482 of the Code) or excess loss account described in the Treasury Regulations promulgated pursuant to Section 1502 of the Code (or any corresponding or similar provision of state, local or non-U.S. Law) with respect to a transaction occurring before the Closing, (iv) any installment sale or open transaction disposition made on or prior to the Closing, or (v) any prepaid amount received on or prior to the Closing. (n) No Target Company has: (i) participated in any "reportable transaction" as defined in Section 6707A(c) of the Code or the Treasury Regulations promulgated thereunder (or any similar provision of state, local or non-U.S. Law), (ii) engaged in any transaction that would reasonably be likely to require the filing of an Internal Revenue Schedule UTP (or any similar form under state, local or non-U.S. Law), (iii) consummated or participated in any transaction which was or is a "tax shelter" transaction, as defined in Section 6662 or Section 6111 of the Code or the United States Treasury Regulations promulgated thereunder (or any similar provision of state, local or non- U.S. Law), or (iv) participated or engaged in any other transaction that is subject to disclosure requirements pursuant to a corresponding or similar provision of state, local or non-U.S. Tax Law. No Target Company has taken a position on any Tax Return that could give rise to a substantial understatement of Tax within the meaning of Section 6662 of the Code (or any corresponding or similar provision of state, local or non-U.S. Law). (o) Other than as a result of the transactions contemplated by this Agreement, no Target Company is subject to any limitations on the use of net operating losses, unrealized losses or credits under Section 269 of the Code, Section 382 of the Code, Section 383 of the Code, Section 384 of the Code or any other provision of the Code or Treasury Regulations (or any comparable provisions of state, local or non-U.S. Law). (p) No Target Company is a "controlled foreign corporation" within the meaning of Section 957. 52 (q) The Target Companies are in compliance in all respects with all terms and conditions of any Tax exemption, Tax holiday or other Tax reduction contract or order. No submission made to any Governmental Authority in connection with obtaining any of the foregoing Tax benefits contained any misstatement or omission, nor will any such Tax benefit be subject to a termination, recapture or clawback as a result of the transactions contemplated by this Agreement. (r) No Person holds stock of Warren Paving that is "non-transferable" and "subject to a substantial risk of forfeiture", within the meaning of Section 83 of the Code with respect to which a valid and timely election under Section 83(b) of the Code has not been made. (s) No Target Company is directly or indirectly responsible for any "imputed underpayment" within the meaning of Section 6225 of the Code (or any corresponding or similar provision of state, local or non-U.S. Law), including as a result of owning an interest in another entity treated as a partnership for U.S. federal income tax purposes. (t) No Seller is a "foreign person" as that term is used in Treasury Regulations Section 1.1445-2. (u) (i) Slats Lucas is classified as a partnership for U.S. federal income tax purposes and (ii) Warren Paving is classified as a corporation for U.S. federal income tax purposes. (v) Neither the execution of this Agreement nor the consummation of the transactions contemplated by this Agreement will (either alone or together with any other event) result in any payment or benefit that would be, individually or in combination with any other payment or benefit, characterized or reasonably expected to be characterized as an "excess parachute payment" within the meaning of Section 280G of the Code (or any corresponding or similar provision of Law). There is no contract, agreement, plan or arrangement to which any Target Company or any ERISA Affiliate is a party or by which it is bound to compensate any employee for Taxes paid pursuant to Section 4999 of the Code and the Treasury Regulations promulgated thereunder or any similar state Law. (w) Except as set forth on Schedule 3.18(w), no Target Company is, or has ever been, a party to any contract, arrangement or plan that is a "nonqualified deferred compensation plan" (as defined in Section 409A(d)(1) of the Code). Each nonqualified deferred compensation plan is and has been in documentary and operational compliance with Section 409A of the Code and all applicable Internal Revenue Service guidance issued with respect thereto. No compensation is includable in the gross income of any employee as a result of Section 409A of the Code with respect to any arrangements or agreements covering any employee. There is no contract, agreement, plan or arrangement to which any Target Company or any ERISA Affiliate is a party or by which it is bound to compensate any employee for Taxes paid pursuant to Section 409A of the Code and the Treasury regulations promulgated thereunder or any similar state Law. 3.19 R&W Insurance Policy. Effective at the Closing, Purchaser has bound the R&W Insurance Policy. Purchaser has provided Sellers with a reasonable opportunity to review and provide comments to the R&W Insurance Policy prior to binding coverage. The R&W Insurance Policy contains a waiver by the insurer of the insurer's rights to bring any claim against Sellers and each Seller's Affiliates, and their respective directors, officers, and employees by way of

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&nbsp;&nbsp;&nbsp;&nbsp;53 subrogation, claims for contribution, or otherwise (other than in the case of Fraud committed by a Seller), and provides that such Persons shall be third-party beneficiaries of such waiver. 3.20 Customers and Suppliers. (a) Schedule 3.20(a) lists: (a) the 25 largest customers of the Target Companies (measured by aggregate revenue) during (i) the year ended September 30, 2024 and (ii) the nine (9) month period through June 30, 2025 (the "Material Customers") and (b) the 25 largest suppliers of materials, products or services to the Target Companies (measured by aggregate dollars spent) during (i) the year ended September 30, 2024 and (ii) the nine (9) month period through June 30, 2025 (the "Material Suppliers", and together with the Material Customers, the "Material Customers and Suppliers"). (b) The Target Companies maintain good relations with the Material Customers and Suppliers, and no such party has canceled, terminated, modified or made any threat in writing to cancel, terminate or otherwise modify its relationship with or to decrease its services or supplies or its direct or indirect purchase or usage of the products or services of the Target Companies. No fact, circumstance, condition or situation exists which, after notice or lapse of time or both, reasonably would cause the benefits of any relationship with any of the Material Customers and Suppliers not to continue after the Closing Date in substantially the same manner as prior to the date of this Agreement. (c) No rebates (volume or otherwise), discounts or benefits are due, accruing due or payable to any customer of any Target Company. During the past three (3) years, there has been no material change (apart from normal price changes) in (i) the manner in which the Target Companies extend discounts, credits or warranties to customers or otherwise deal with customers, (ii) the practices of the Target Companies of ordering supplies or honoring warranties with respect to the Business, (iii) the customary payment or collection cycles for, or the terms and conditions of, any payables or receivables or other debt of the Business, or (iv) the basis or terms on which any Person has been prepared to enter into agreements or otherwise to do business with the Target Companies, and no change of that kind is expected. No supplier of any Target Company is a sole source supplier, nor during the last twelve (12) months has any Target Company been dependent upon any one supplier for more than 10% of its purchases (by value). 3.21 Bank Accounts. (a) Schedule 3.21(a) contains an accurate, true and complete list of (i) the names and addresses of each bank, trust company, securities broker and other financial institution at which any of the Target Companies has an account, safe box or maintains a banking, custodial, trading or other similar relationship, (ii) the names and account numbers of such accounts, and (iii) the authorized signatories, or individuals who otherwise have access to or power to give direction with respect to, and amounts for such accounts. (b) Schedule 3.21(b) sets forth the name of each Person holding a power of attorney in the name of any of the Target Companies. 3.22 Transactions With Related Parties. 54 (a) Except as set forth on Schedule 3.22(a), no Seller, member, officer, director or Company Service Provider of the Target Companies or any of their respective Affiliates (i) is a party to any contract or transaction (A) with a Target Company or (B) which pertains to the Business (other than in such Person's capacity as an employee of Target Company), (ii) owns any interest in or any property (real, personal or mixed, tangible or intangible) of the Target Companies (collectively, the "Related Party Transactions"). (b) Except as set forth on Schedule 3.22(b), no Target Company is indebted, directly or indirectly, to any Seller, Company Service Provider or their respective Affiliates, other than in connection with expenses or advances of expenses incurred in the Ordinary Course of Business. No Company Service Provider, or any members of their immediate families, or any Affiliate of the foregoing are, directly or indirectly, indebted to such Target Company or have any (i) material commercial, industrial, banking, consulting, legal, accounting, charitable or familial relationship with any of such Target Company's customers, suppliers, service providers, joint venture partners, licensees and competitors, (ii) direct or indirect ownership interest in any Person with which such Target Company is affiliated or with which such Target Company has a business relationship, or any Person which competes with such Target Company or (iii) financial interest in any Material Contract. 3.23 Accounts Receivable; Inventory. (a) The accounts receivable reflected on the Interim Balance Sheet or included as a current asset in the Estimated Closing Working Capital: (i) have arisen from bona fide transactions entered into by the relevant Target Company involving the sale of goods or the rendering of services in the Ordinary Course of Business; and (ii) constitute only valid, undisputed claims of such Target Company not subject to claims of set-off or other defenses or counterclaims other than normal discounts, adjustments and chargebacks occurring in the Ordinary Course of Business and has been or will be collectible within ninety (90) days after the day on which it first became due. (b) All inventory of the Target Companies reflected in the Interim Balance Sheet or included as a current asset in the Estimated Closing Working Capital consists of a quality and quantity usable and salable in the Ordinary Course of Business, except for obsolete, damaged, defective, or slow-moving items that have been written off or written down to fair market value or for which adequate reserves have been established and recorded in the Financial Statements. All such inventory is owned by the relevant Target Company free and clear of all Encumbrances (other than Permitted Encumbrances), and no inventory is held on a consignment basis. The quantities of each item of inventory (whether raw materials or works-in-process) are not excessive, but are reasonable based upon the present circumstances of each Target Company. 3.24 Brokers. Except for fees owed to The Orr Group that shall be treated as Closing Transaction Expenses, no Target Company has an obligation to pay any fees or commissions to any agent, broker, financial advisor, finder or investment banker with respect to the transactions contemplated in this Agreement or any of the Ancillary Documents based on arrangements made by or on behalf of any Target Company. 3.25 No Other Representations and Warranties. Except for the representations and warranties contained in this Article 3 (including the related portions of the Disclosure Schedules), 55 none of Sellers, the Target Companies, or any other Person has made or makes any other express or implied representation or warranty, either written or oral, on behalf of Sellers or the Target Companies, including any representation or warranty as to the accuracy or completeness of any information regarding the Target Companies furnished or made available to Purchaser and its Representatives (including the Confidential Information Memorandum prepared by The Orr Group dated as of April 2025 and any information, documents, or material delivered to or otherwise made available to Purchaser in the Data Room, management presentations or in any other form in expectation of the transactions contemplated hereby) or as to the future revenue, profitability, or success of the Target Companies, or any representation or warranty arising from statute or otherwise in Law. ARTICLE 4 REPRESENTATIONS AND WARRANTIES OF PURCHASER Purchaser represents and warrants to Sellers that the statements contained in this Article 4 are true and correct as of the Closing Date. 4.1 Organization and Authority of Purchaser. Purchaser is a Delaware corporation duly organized, validly existing and in good standing under the Laws of the state of Delaware. Purchaser has all necessary corporate power and authority to enter into this Agreement and the Ancillary Documents to which Purchaser is a party, to carry out its obligations hereunder and thereunder and to consummate the transactions contemplated hereby and thereby. The execution and delivery by Purchaser of this Agreement and the Ancillary Documents to which Purchaser is a party, the performance by Purchaser of its obligations hereunder and thereunder and the consummation by Purchaser of the transactions contemplated hereby and thereby have been duly authorized by all requisite corporate action on the part of Purchaser. This Agreement has been duly and validly executed and delivered by Purchaser, and (assuming due authorization, execution and delivery by Sellers) constitutes, and each Ancillary Document to which Purchaser is a party when duly executed and delivered by Purchaser (assuming due authorization, execution, and delivery by each other party thereto) constitutes, a legal, valid, and binding obligation of Purchaser, enforceable against Purchaser in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium, fraudulent conveyance, or other Laws of general application relating to or affecting the enforcement of creditors' rights generally. 4.2 No Conflicts; Consents. The execution, delivery, and performance by Purchaser of this Agreement and the Ancillary Documents to which Purchaser is a party, and the consummation of the transactions contemplated hereby and thereby, do not and will not: (a) result in a violation or breach of any provision of the Organizational Documents of Purchaser; (b) result in a material violation or breach of any provision of any Law or Governmental Order applicable to Purchaser; or (c) require the Consent under, conflict with, result in a violation or breach of, constitute a default under or result in the acceleration of any material agreement to which Purchaser is a party, except in the cases of clause (c), where the violation, breach, conflict, default, acceleration, or failure to give notice or obtain Consent would not have a material and adverse effect on Purchaser's ability to consummate the transactions contemplated hereby. No Consent is required by or with respect to Purchaser in connection with the execution and delivery of this Agreement and the Ancillary Documents to which Purchaser is a party and the consummation of 56 the transactions contemplated hereby and thereby, other than the applicable filings required by the HSR Act and filed prior to the date of this Agreement, except where the failure to make or obtain such Consents would not have a material and adverse effect on Purchaser's ability to consummate the transactions contemplated hereby. 4.3 Investment Purpose. Purchaser is acquiring the Equity Interests solely for its own account for investment purposes and not with a view to, or for offer or sale in connection with, any distribution thereof. Purchaser acknowledges that the Equity Interests are not registered under the Securities Act of 1933, as amended, or any state securities laws, and that the Equity Interests may not be transferred or sold except pursuant to the registration provisions of the Securities Act of 1933, as amended or pursuant to an applicable exemption therefrom and subject to state securities laws and regulations, as applicable. Purchaser is able to bear the economic risk of holding the Equity Interests for an indefinite period (including total loss of its investment) and has sufficient knowledge and experience in financial and business matters so as to be capable of evaluating the merits and risk of its investment. 4.4 Brokers. No broker, finder or investment banker is entitled to any brokerage, finder's or other fee or commission in connection with the transactions contemplated by this Agreement or any Ancillary Document based upon arrangements made by or on behalf of Purchaser. 4.5 Sufficiency of Funds. Purchaser has sufficient cash on hand or other sources of immediately available funds to enable Purchaser, or an Affiliate of Purchaser on behalf of Purchaser, to make payment of the Purchase Price when due and consummate the transactions contemplated by this Agreement and the Ancillary Documents. 4.6 Legal Proceedings. There are no Actions pending or, to Purchaser's knowledge, threatened against or by Purchaser or any Affiliate of Purchaser that challenge or seek to prevent, enjoin, or otherwise delay the transactions contemplated by this Agreement. 4.7 Independent Investigation. (a) Purchaser has conducted its own independent investigation, review, and analysis of the business, results of operations, prospects, condition (financial or otherwise), and assets of each Target Company, and acknowledges that Purchaser has been provided adequate access to the personnel, properties, assets, premises, books and records, and other documents and data of Sellers and each Target Company for such purpose. (b) Purchaser acknowledges that (i) none of Sellers, the Target Companies, nor any other Person on behalf of Sellers or the Target Companies has made any representation or warranty, expressed or implied, as to the Target Companies or the Equity Interests, or the accuracy or completeness of any information regarding the Target Companies or the Equity Interests furnished or made available to Purchaser and its Representatives, or any other matter related to the transactions contemplated herein, other than those representations and warranties expressly set forth in Article 3 (including the related portions of the Disclosure Schedules), (ii) in determining to enter into this Agreement, Purchaser has not relied on any representation or warranty from Sellers, the Target Companies, or any other Person on behalf of Sellers or the Target Companies, or upon the accuracy

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&nbsp;&nbsp;&nbsp;&nbsp;57 or completeness of any information regarding the regarding the Target Companies or the Equity Interests furnished or made available to Purchaser and its Representatives, other than those representations and warranties expressly set forth in Article 3 (including the related portions of the Disclosure Schedules), and (iii) none of Sellers, the Target Companies, or any other Person acting on behalf of Sellers or the Target Companies shall have any liability to Purchaser or any other Person with respect to any projections, forecasts, estimates, plans, or budgets of future revenue, expenses, or expenditures, future results of operations, future cash flows, or the future financial condition of the Target Companies or the future business, operations, or affairs of the Target Companies, except as expressly set forth in Article 3 (including the related portions of the Disclosure Schedules). 4.8 No Other Representations and Warranties. Except for the representations and warranties contained in this Article 4, none of Purchaser, or any other Person has made or makes any other express or implied representation or warranty, either written or oral, on behalf of Purchaser or its Affiliates, including any representation or warranty as to the accuracy or completeness of any information regarding Purchaser or any representation or warranty arising from statute or otherwise in Law. ARTICLE 5 COVENANTS 5.1 Employees; Benefit Plans. (a) During the period commencing at the Closing and ending on the date which is twelve (12) months from the Closing (or if earlier, the date of the employee's termination of employment with the applicable Target Company), Purchaser shall, and shall cause the Target Companies to, provide each Employee who remains employed immediately after the Closing ("Continuing Employee") with: (i) base salary or hourly wages substantially comparable to the base salary or hourly wages provided by the applicable Target Company immediately prior to the Closing; (ii) target bonus opportunities (excluding equity-based compensation), if any, which are substantially comparable to the target bonus opportunities (excluding equity-based compensation) provided by such Target Company immediately prior to the Closing; (iii) retirement and welfare benefits (excluding severance, retention, change in control, defined benefit pension benefits and retiree health and welfare benefits) that are substantially comparable in the aggregate than those provided by such Target Company immediately prior to the Closing; and (iv) severance benefits that are substantially comparable to the practice, plan or policy in effect for such Continuing Employee immediately prior to the Closing. (b) With respect to any employee benefit plan maintained by Purchaser or its subsidiaries (collectively, "Purchaser Benefit Plans") in which any Continuing Employees will participate effective as of the Closing, Purchaser shall, or shall cause the applicable Target Company to, recognize all service of the Continuing Employees with the applicable Target Company or any Subsidiary LLC, as the case may be, as if such service were with Purchaser, for vesting and eligibility purposes in any Purchaser Benefit Plan in which such Continuing Employees may be eligible to participate after the Closing Date; provided, however, such service shall not be recognized to the extent that (i) such recognition would result in a duplication of benefits or (ii) such service was not recognized under the corresponding Benefit Plan. 58 (c) This Section 5.1 shall be binding upon and inure solely to the benefit of each of the parties to this Agreement, and nothing in this Section 5.1, express or implied, shall confer upon any other Person any rights or remedies of any nature whatsoever under or by reason of this Section 5.1. Nothing contained herein, express or implied, shall be construed to establish, amend, or modify any benefit plan, program, agreement, or arrangement. The parties hereto acknowledge and agree that the terms set forth in this Section 5.1 shall not create any right in any Employee or any other Person to any continued employment with any Target Company, Purchaser, or any of their respective Affiliates or compensation or benefits of any nature or kind whatsoever. (d) Sellers have (i) caused the Target Companies to take all actions necessary to terminate any Benefit Plan qualified under Section 401(k) of the Code, effective no later than the day immediately preceding the Closing Date and (ii) provided Purchaser with evidence that any and all such plans have been terminated, with the termination effective no later than the day immediately preceding the Closing Date, pursuant to a duly adopted resolution of the applicable Target Company. 5.2 Director and Officer Indemnification and Insurance. (a) Purchaser agrees that all rights to indemnification, advancement of expenses, and exculpation by the Target Companies now existing in favor of each Person who is now, or has been at any time prior to the Closing Date, an officer, director, general partner, limited partner, or manager of any Target Company (each, a "Covered Person"), as provided in the Organizational Documents of such Target Company, in each case as in effect on the Closing Date, or pursuant to any other agreements in effect on the Closing Date and disclosed in Schedule 5.2(a), shall survive the Closing Date and shall continue in full force and effect in accordance with their respective terms. (b) Notwithstanding anything to the contrary in Section 5.2(a), Sellers shall indemnify, defend and hold harmless any Purchaser Indemnitee from and against any and all Losses arising out of, relating to or resulting from (i) any act, omission, event, circumstance, condition or other matter occurring, existing or alleged to have occurred or existed on or prior to the Closing Date, whether or not in the Ordinary Course of Business, and (ii) the negotiation, execution, delivery, consummation or performance of this Agreement or the Ancillary Documents or any of the transactions contemplated hereby or thereby, in each case to the extent such Losses are asserted against, incurred by or otherwise relate to any Covered Person in his or her capacity as such or to Purchaser's or any Target Company's indemnification, advancement or other obligations with respect thereto including as may be required under Purchaser's or any Target Company's Organizational Documents. (c) The obligations of Purchaser and each Target Company under this Section 5.2 shall not be terminated or modified in such a manner as to adversely affect any Covered Person to whom this Section 5.2 applies without the consent of such affected Covered Person (it being expressly agreed that the Covered Persons to whom this Section 5.2 applies shall be third-party beneficiaries of this Section 5.2, each of whom may enforce the provisions of this Section 5.2). (d) If Purchaser, any Target Company, or any of their respective successors or assigns (i) consolidates with or merges into any other Person and shall not be the continuing or surviving corporation or entity in such consolidation or merger or (ii) transfers all or substantially all of its properties and assets to any Person, then, and in either such case, proper provision shall be made 59 so that the successors and assigns of Purchaser or such Target Company, as the case may be, shall assume all of the obligations set forth in this Section 5.2. 5.3 Confidentiality. Notwithstanding anything in this Agreement or any Ancillary Document to the contrary, at the Closing, the Confidentiality Agreement and the Clean Team Confidentiality Agreement shall automatically terminate and be of no further force or effect. 5.4 Post-Closing Confidentiality; Non-Compete; Non-Solicitation; Non- Disparagement. (a) Sellers acknowledge that (i) Sellers and their respective Affiliates have each had access to certain non-public confidential information relating to financial statements, clients, customers, potential clients or customers, employees, suppliers, equipment, designs, drawings, programs, strategies, analyses, profit margins, sales, methods of operation, plans, products, technologies, materials, trade secrets, strategies, prospects or other proprietary information of the Target Companies and the Business ("Confidential Information") and (ii) the unauthorized use or disclosure of any Confidential Information at any time may irreparably damage Purchaser and its Affiliates (including the Target Companies following the Closing). Each Seller shall (and shall cause his, her and its Affiliates and its and their respective Representatives to) hold in confidence the Confidential Information to which he, she or it was given access as described above and shall not, directly or indirectly, disclose, publish, or otherwise make available any such Confidential Information to the public or to any Person or use any such Confidential Information for his, her or its own benefit or for the benefit of any other Person; provided, however, that Sellers may disclose such Confidential Information if, but only to the extent, required to do so by applicable Law, provided, further, that in such case, Sellers shall provide Purchaser with prior written notice (to the extent legally permissible) thereof so that Purchaser may seek an appropriate protective order or other appropriate remedy, and Sellers shall reasonably cooperate with Purchaser and its Affiliates in connection therewith, all at no out-of-pocket cost to Sellers; provided, further, that, in the event that a protective order or other remedy is not obtained, Sellers shall furnish only that portion of such information which, based on the advice of their counsel, Sellers are legally compelled to disclose and shall exercise commercially reasonable efforts to obtain reliable assurance that confidential treatment shall be accorded any such information so disclosed. (b) In consideration of, among other things, the consideration provided by Purchaser pursuant to this Agreement, from the period beginning on Closing through the fifth (5th) anniversary of the Closing Date (the "Non-Compete Period"), none of the Sellers nor any of their respective Affiliates will: (i) directly or indirectly, engage or invest in, own, manage, operate, finance, control or participate in the ownership, management, operation or control of, be employed by, be an agent or Representative of, be a consultant or advisor to, be associated with, or render services to, any Person that engages in, competes with, or conducts the Business in any way within one hundred (100) miles of any county where the Target Companies or the Business operate as of the Closing or where any of the Target Companies or the Business has operated in the preceding two (2) years prior to the date hereof (which shall include counties where any aggregate or asphalt was ultimately placed into final end- use or utilization); provided, however, that each Seller and such Seller's Affiliates shall be 60 permitted to (A) own, lease, sell and manage commercial real estate and passively own less than five percent (5%) of the outstanding shares of any class of securities of any enterprise that conducts such business (but without otherwise participating in the activities of such enterprise) if such securities are listed on any national or regional securities exchange or have been registered under Section 12(g) of the securities Exchange Act of 1934, as amended, and (B) have a passive economic interest in barges and towboats; provided that such interest is solely economic in nature and Sellers shall not, directly or indirectly, control or participate in the management or operations of such barges or towboats, nor shall Sellers be permitted to offer any advice or have any authority or involvement in decisions (directly or indirectly) regarding the logistics to be deployed or the customers served or the types of materials transported or serviced by such barges or towboats. (ii) except for the individual Persons set forth on Schedule 5.4(b)(ii), directly or indirectly, either for himself, herself, itself, or any other Person, solicit or hire or engage (whether as a consultant, advisor or otherwise) any of the officers or directors or other management-level individuals employed or otherwise engaged by, or who have been employed or otherwise engaged by such parties within one (1) year prior to such solicitation, hiring or engagement in question, the Target Companies, Purchaser, their respective Affiliates and their respective successors or assigns, or solicit, encourage, or engage in any activity to induce such Persons to leave the employment or engagement of such Persons or to become employed by or to enter into a business relationship with any other Person; (iii) directly or indirectly, (A) seek business from any Customer (as defined below), or refer business from any Customer to any Person (other than the Target Companies or Purchaser) or (B) request, induce or attempt to materially limit or influence any Customer, employee, supplier or other business entity to limit, curtail, cancel or terminate any business it transacts with, or products it provides to or receives from any of the Target Companies or the Purchaser. For purposes of this Section 5.4, the term "Customer" means any Person to which the Target Companies, their respective Affiliates with respect to the Business or any of their predecessors, successors or assigns, provided goods or services during the two (2)-year period prior to the time at which any determination shall be made that any such Person is a Customer; or (iv) disparage the Business, any of the Target Companies, Purchaser, or any of their respective Affiliates, businesses, officers, managers, members, directors, employees or respective predecessors, successors or assigns in any way which could materially and adversely affect the goodwill, reputation or business relationships of the foregoing. (c) Each of the Sellers acknowledges that it has consulted legal counsel, the restrictions imposed by this Agreement are fully understood by each such Seller, are fair and reasonable, and will not preclude such Seller from becoming gainfully employed following the execution of this Agreement. Each Seller further agrees that it will not challenge the reasonableness of the duration, scope and area restrictions in any Action with respect to the terms of this Section 5.4, regardless of who initiates such Action.

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&nbsp;&nbsp;&nbsp;&nbsp;61 (d) If any of the provisions of this Section 5.4 shall otherwise contravene or be invalid under the Laws of any state or other jurisdiction where it is applicable but for such contravention or invalidity, such contravention or invalidity shall not invalidate all of the provisions of this Section 5.4, but rather this Section 5.4 shall be reformed and construed, insofar as the Laws of such state or jurisdiction are concerned, as not containing the provision or provisions, but only to the extent that they are contravening or are invalid under the Laws of such state or jurisdiction, and the rights and obligations created hereby shall be reformed and construed and enforced accordingly. In the event of an alleged breach or violation by any of the Sellers of this Section 5.4, Purchaser shall have the right to pursue all legal remedies provided for herein and, notwithstanding recovery of any such remedy, the Non-Compete Period as to such Seller shall be tolled until such breach or violation has been cured. (e) Each of the Sellers acknowledges that the Purchaser may have no adequate remedy at law and may suffer irreparable damage if any Seller breaches or fails to perform any of its obligations in this Section 5.4. Accordingly, each of the Sellers agrees that the Purchaser shall have the right, in addition to any other rights which it may have, to seek specific performance and equitable injunctive relief if any of the Sellers shall fail or threaten to fail to perform any of their obligations in this Section 5.4. In connection therewith, each of the Sellers waives the claim or defense that an adequate remedy at law exists. 5.5 Release. Subject in all respects to the rights of the Sellers to enforce this Agreement and the Ancillary Documents to which the Purchaser is a party against the Purchaser and the rights of the Sellers to bring an Action for Fraud against the Purchaser, each of the Sellers agrees that none of the Purchaser, the Target Companies or their respective Affiliates, or any of their respective current or former officers, directors, employees, partners, members, managers, equityholders or Representatives, or any financial advisor or lender thereto, as of or prior to the Closing (the released parties other than the Purchaser the "Purchaser-Connected Persons", and, the Purchaser-Connected Persons together with the Purchaser, the "Purchaser Releasees") shall have any liability or responsibility to any of the Sellers or their respective Affiliates, successors and permitted assigns (collectively, the "Seller Releasors") for, and the Sellers for all the Seller Releasors, to the extent permitted by applicable Law, hereby unconditionally releases the Purchaser Releasees from any obligations or Liability arising from or related to, in whole or in part, (i) the business or operations of the Target Companies conducted prior to the Closing, (ii) such Seller Releasor's direct or indirect ownership of equity interests in the Target Companies, and (iii) subject to Section 5.2(a), such Seller Releasor's director, manager, officer or employment position with the Target Companies (collectively, the "Seller Released Matters"). Section 5.5 shall not constitute, and the term Seller Released Matters shall not include, a release of claims with respect to (a) any party's performance, if any, under this Agreement or any Ancillary Document, (b) any right or remedy to which a Seller Releasor is entitled to under this Agreement or any Ancillary Document, or (c) Fraud. 5.6 R&W Insurance Policy. (a) As of the Closing Date, Purchaser has entered into the R&W Insurance Policy with an insurer in connection with the transactions contemplated by this Agreement, a true and correct copy of which has been provided by Purchaser to the Seller Representative. The parties hereto acknowledge the R&W Insurance Policy contains a waiver by the insurer of the insurer's rights to 62 bring any Action against Sellers and each Seller's Affiliates, and their respective directors, officers, and employees by way of subrogation, claims for contribution, or otherwise (other than in the case of Fraud committed by a Seller), and that such Persons shall be third-party beneficiaries of such waiver. Prior to the Closing, Purchaser shall pay or cause to be paid, all costs and expenses related to the R&W Insurance Policy, including the total premium, underwriting costs, brokerage commissions, and other fees and expenses of such policy. (b) In addition, Purchaser shall not waive or amend, and shall not permit any other Person to waive or amend, the R&W Insurance Policy in a manner inconsistent with Section 5.6(a) without Seller Representative's prior written consent, which consent may be granted or withheld in its sole discretion. 5.7 Books and Records. In order to facilitate any regulatory filing required to be made by Sellers following the Closing, for a period of seven (7) years after the Closing, Purchaser shall: (a) retain the books and records (including personnel files) of the Target Companies relating to periods prior to the Closing; and (b) upon reasonable notice, afford the Seller Representative reasonable access at the expense of the Sellers (including the right to make, at Sellers' expense, photocopies), during normal business hours, to such books and records. Notwithstanding anything to the contrary in this Agreement, Purchaser shall not be obligated to provide Sellers or the Seller Representative with access to any books or records (including personnel files) pursuant to this Section 5.7 where such access would violate any Law and none of Purchaser or any Target Company or any of their respective Representatives shall be required to disclose any information to the Seller Representative, a Seller or any other Person if such disclosure would, based on the advice of counsel, jeopardize any attorney-client or other privilege (provided, that Purchaser shall use its reasonable best efforts to allow for such access (or as much of it as possible) in a manner that does not result in a loss of attorney-client privilege). 5.8 Tax Matters. (a) Straddle Periods. In the case of Taxes that are payable with respect to a Straddle Period, the portion of any such Tax that is allocable to the Pre-Closing Tax Period shall be: (i) in the case of Taxes that are either (A) based upon or related to income or receipts or (B) imposed in connection with any sale or other transfer or assignment of property (real or personal, tangible or intangible) (other than Transfer Taxes provided for in Section 5.8(e)), deemed equal to the amount which would be payable (after giving effect to amounts which may be deducted from or offset against such Taxes) if the applicable taxable period ended at the end of the day on the Closing Date and (ii) in all other cases deemed to be the amount of such Taxes for the entire Straddle Period multiplied by a fraction, (A) the numerator of which is the number of days in the portion of the Straddle Period ending on, and including, the Closing Date and (B) the denominator of which is the number of days in the entire Straddle Period. All determinations necessary to effect the foregoing allocations shall be made in a manner consistent with prior practice of the applicable Target Company. (b) Tax Return Preparation. (i) The Seller Representative shall prepare, at Sellers' sole expense, all (A) Tax Returns that are required to be filed, by or on behalf of, the Target Companies in respect of any Pre-Closing Tax Period (other than a Straddle Period) and (B) Pass-Through 63 Income Tax Returns; provided, however, that (1) such Tax Returns and Pass-Through Income Tax Returns shall be prepared on a basis consistent with those prepared for prior taxable periods unless a different treatment of any item is required by applicable Law, (2) the Seller Representative (x) shall provide a complete copy of such Tax Returns and Pass- Through Income Tax Returns to Purchaser for its review at least twenty (20) days prior to the due date for filing of such Tax Returns and Pass-Through Income Tax Returns, as applicable, (taking into account extensions validly obtained) and (y) shall not file any such Tax Returns or Pass-Through Income Tax Returns, as applicable, without first obtaining the prior written consent of Purchaser (not to be unreasonably withheld, conditioned or delayed), and (C) Purchaser shall timely file (or cause the Target Companies to timely file) any such Tax Returns or Pass-Through Income Tax Returns, as applicable, required to be filed by Purchaser under applicable Law. (ii) Purchaser shall prepare and timely file (or cause the Target Companies to prepare and timely file) all Tax Returns that are required to be filed by or on behalf of the Target Companies for any Straddle Period (other than, for the avoidance of doubt, any Pass-Through Income Tax Returns); provided, however, that (A) such Tax Returns shall be prepared on a basis consistent with those prepared for prior taxable periods unless a different treatment of any item is required by applicable Law; (B) with respect to any Income Tax Return that shows any Taxes due and owing thereon that are indemnifiable under Section 6.2(e), Purchaser shall (1) provide the Seller Representative with a copy of each completed Tax Return at least twenty (20) days prior to the due date (taking into account extensions validly obtained) for filing of such Tax Return, (2) incorporate such reasonable comments made by the Seller Representative that are more-likely-than-not to be upheld under applicable Law, (3) not file any such Tax Returns without first obtaining the prior written consent of the Seller Representative (not to be unreasonably withheld, conditioned or delayed); and (C) subject to the preceding clause (B)(3), Purchaser shall timely file (or cause the Target Companies to timely file) any such Tax Returns (taking into account extensions validly obtained). (iii) Purchaser and the Seller Representative agree to consult and to attempt in good faith to resolve any disputes arising as a result of the review of any Tax Returns prepared pursuant to this Section 5.8(b); provided, however, that if, after consulting with each other and negotiating in good faith for a period of at least ten (10) Business Days (or such longer period of time as may be mutually agreed by the Purchaser and the Seller Representative), Purchaser and the Seller Representative are unable to resolve any such dispute, such dispute shall be promptly resolved by an Accounting Referee, and if any such dispute is not resolved prior to the due date of the applicable Tax Return (taking into account any applicable extensions), such Tax Return shall be filed as originally prepared by the Seller Representative or Purchaser, respectively, but reflecting any changes to which the Seller Representative and Purchaser have agreed, and without prejudice to the resolution of such dispute; provided, however, that an amended Tax Return shall be filed if necessary to give effect to the decision of the Accounting Referee. The fees, costs and expenses of the Accounting Referee in resolving any dispute under this Section 5.8(b) shall be borne equally by Purchaser, on the one hand, and the Seller Representative, on the other hand. 64 (c) Tax Contests. (i) After the Closing, Purchaser or the Target Companies shall promptly notify the Seller Representative in writing of the proposed assessment or the commencement of any Tax Action that relates to the Taxes of any Target Company that is not a Pass-Through Income Tax Contest (a "Contest") which, if determined adversely to the taxpayer or after the lapse of time, could be grounds for indemnification under Section 6.2(e); provided, however, that the failure to so notify the Seller Representative of the claim shall not relieve the Sellers of their indemnification obligations under Section 6.2(e), unless (and then solely to the extent) that the Sellers were actually and materially prejudiced by such failure. (ii) In the case of any Contest that relates to any Pre-Closing Tax Period, the Seller Representative shall have the right, at the Sellers' sole cost and expense, to elect to control the conduct of such Contest; provided, however, that (A) the Seller Representative shall acknowledge in writing, on behalf of the Sellers, the indemnification obligations of the Sellers with respect to the full amount of any Losses (other than Losses attributable to Taxes to the extent included in the final calculation of Indebtedness, Transaction Expenses, or Closing Working Capital) that may arise as a result of the Contest before the Seller Representative may control such Contest, (B) the Seller Representative shall elect to control such Contest within the time period set forth in Section 5.8(c)(iv), (C) Purchaser shall be entitled to participate (at its own expense) in such Contest, (D) the Seller Representative shall provide Purchaser with a timely and reasonably detailed account of each phase of such Contest, (E) the Seller Representative shall consult with Purchaser and offer Purchaser an opportunity to comment before submitting any written materials prepared or furnished in connection with such Contest, and (F) the Seller Representative shall not settle such Contest without Purchaser's prior written consent (which consent shall not be unreasonably withheld, delayed or conditioned) if such settlement could increase the Taxes of Purchaser or any of its Affiliates (including the Target Companies) in a Post- Closing Tax Period. (iii) Purchaser shall control any Contest that (x) relates to a Pre-Closing Tax Period for which the Seller Representative has not elected to control such Contest within the time period set forth in Section 5.8(c)(iv) or (y) relates solely to a Straddle Period; provided, however, that (A) Purchaser shall provide the Seller Representative with a timely and reasonably detailed account of each phase of such Contest, (B) Purchaser shall consult with the Seller Representative before taking any significant action in connection with such Contest, (C) Purchaser shall consult with the Seller Representative and offer the Seller Representative an opportunity to comment before submitting any written materials prepared or furnished in connection with such Contest, (D) the Seller Representative shall be entitled to participate (at the Sellers' own expense) in such Contest, and (E) Purchaser shall not settle such Contest without the Seller Representative's prior written consent (which consent shall not be unreasonably withheld, delayed or conditioned). (iv) If the Seller Representative elects to control a Contest described in Section 5.8(c)(ii), the Seller Representative shall, within twenty (20) days of receipt of the notice described in Section 5.8(c)(i), notify Purchaser of its intent to do so; provided,

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&nbsp;&nbsp;&nbsp;&nbsp;65 however, that (A) the Seller Representative may not elect to direct a Contest prior to acknowledging the indemnification obligations of the Sellers in accordance with Section 5.8(c)(i) and (B) if either applicable Law or the applicable Governmental Authority requires a Target Company to respond (either orally or in writing) within such twenty (20) day period, Purchaser shall (1) notify the Seller Representative of the obligation to respond as promptly as possible and (2) if the Seller Representative does not elect to control the claim prior to the time that the response is due, cause the applicable Target Company to timely respond to the Governmental Authority; provided, however, that prior to responding to the applicable Governmental Authority, Purchaser shall consult with the Seller Representative and offer the Seller Representative a reasonable opportunity to comment on the proposed response. (v) Notwithstanding anything in this Agreement to the contrary, Purchaser shall have the exclusive right to control any Contest if (A) such Contest could not be grounds for indemnification pursuant to Article 6, (B) the Seller Representative fails to either (1) acknowledge the indemnification obligations of the Sellers with respect to the full amount of any Losses (other than Losses attributable to Taxes to the extent included in the final calculation of Indebtedness, Transaction Expenses, or Closing Working Capital) that may arise as a result of the Contest within twenty (20) days of receipt of the notice described in Section 5.8(c)(i) or (2) elect to control the applicable Contest within the time period set forth in Section 5.8(c)(iv), or (C) Purchaser notifies the Seller Representative in writing that Purchaser is waiving its right to indemnification pursuant to Article 6 with respect to Taxes imposed as a result of the resolution of such Contest. (vi) The Seller Representative shall, at the sole cost and expense of the Sellers, have the sole right and responsibility to represent the interest of the Target Companies in any Tax audit, demand, claim or administrative or judicial proceeding that relates to a Pass-Through Income Tax Return of Slats Lucas (a "Pass-Through Income Tax Contest"). With respect to a Pass-Through Income Tax Contest, (A) the Seller Representative shall have the right to employ counsel of the Seller Representative's choice (at the sole cost and expense of the Sellers) and (B) the Seller Representative shall keep Purchaser reasonably apprised of the progress of such Pass-Through Income Tax Contest. Notwithstanding the foregoing, the Seller Representative shall not settle or compromise any claim for Taxes with respect to any Pass-Through Income Tax Return which would adversely affect the liability for Taxes of Purchaser for any Post-Closing Tax Period to any extent without first obtaining the prior written consent of Purchaser (not to be unreasonably withheld, conditioned or delayed). With respect to a Pass-Through Income Tax Contest, the Seller Representative shall (1) make or cause Slats Lucas to make a "push-out" election under Section 6226 of the Code (or any analogous election under state or local Law) or (2) make an arrangement reasonably satisfactory to Purchaser for the Sellers to bear the economic burden of any "imputed underpayment", within the meaning of Section 6225 of the Code (or any analogous election under state or local Law) and any associated interest, adjustments to tax and penalties properly attributable to the Sellers for such Pass-Through Income Tax Contest. 66 (vii) Notwithstanding anything to the contrary in this Agreement, this Section 5.8(c) shall control with respect to any Contest and Pass-Through Income Tax Contest. (d) Tax Cooperation and Exchange of Information. After the Closing, the Sellers and Purchaser shall cooperate with each other and provide each other with such information as either of them reasonably may request of the other in filing any Tax Return, amending any Tax Return or claim for refund, determining a Liability for Taxes or a right to a refund of Taxes, or in connection with any audit or other proceeding in respect of Taxes of the Target Companies relating to a taxable period beginning before the Closing Date. Such cooperation and information shall include providing copies of relevant Tax Returns or portions thereof, together with accompanying schedules, related work papers, and documents relating to rulings or other determinations by Taxing Authorities; provided, however, that Purchaser shall not be required to provide the Seller Representative with (i) any Tax Return of Purchaser or any of its Affiliates (other than the Target Companies), (ii) any Tax Return of a consolidated, combined, unitary or affiliated Tax group of which Purchaser is a member or (iii) any information described in this Section 5.8(d) in the event of any Action with respect to this Agreement. The parties hereto shall make themselves (and their respective employees) reasonably available on a mutually convenient basis to provide explanations of any documents or information provided under this Section 5.8(d). Notwithstanding anything to the contrary in this Agreement, Purchaser and each Seller shall retain all Tax Returns, schedules and work papers, records, and other documents in their possession relating to Tax matters of the Target Companies for any taxable period beginning before the Closing Date until the later of (x) the expiration of the statute of limitations of the taxable periods to which such Tax Returns and other documents relate, taking into account extensions and (y) six (6) years following the due date (without extension) for such Tax Returns. Prior to transferring, destroying, or discarding any Tax Returns, schedules, and work papers, records, and other documents in its possession relating to Tax matters of the Target Companies for any taxable period beginning before the Closing Date, Sellers or Purchaser (as the case may be) shall provide the other parties with reasonable written notice and offer the other party the opportunity to take custody of such materials. Any information obtained under this Section 5.8(d) shall be kept confidential, except as may be otherwise necessary in connection with the filing of Tax Returns or claims for refund or in conducting a Contest or Pass-Through Income Tax Contest, or as otherwise is required to be disclosed in accordance with applicable Law. (e) Transfer Taxes. All transfer, documentary, sales, use, stamp, registration, value added, and other such Taxes and fees (including any penalties and interest) (each a "Transfer Tax") incurred in connection with this Agreement and the Ancillary Documents (including any real property transfer Tax and any other similar Tax) shall be borne fifty percent (50%) by the Sellers (in accordance with each Seller's Pro Rata Share), on the one hand, and fifty percent (50%) by Purchaser, on the other hand. The Person required to do so by applicable Law shall (i) prepare and timely file all Tax Returns relating to such Transfer Taxes and (ii) timely pay such Transfer Taxes to the appropriate Governmental Authority (in the case that Purchaser or any of its Affiliates pays such Transfer Taxes, subject to the right to indemnification for any such Transfer Taxes paid by Purchaser or any of its Affiliates (including the Target Companies)). The Sellers, on the one hand, and the Purchaser, on the other hand, shall (x) cooperate in the execution and delivery of all instruments and certificates necessary to comply with any pre-Closing filing requirements for Transfer Taxes and promptly pay to the filing party the amount of Transfer Taxes (and associated compliance costs and expenses) for 67 which such other party is responsible pursuant to this Section 5.8(e) and (y) use commercially reasonable efforts to reduce or eliminate any Transfer Taxes. (f) Post-Closing Actions. Purchaser and its Affiliates (including the Target Companies) shall not, without the consent of the Seller Representative (not to be unreasonably withheld, conditioned or delayed): (i) amend any previously filed Tax Returns for a Pre-Closing Tax Period, (ii) file any Tax Returns for a Pre-Closing Tax Period in a manner inconsistent with past practices or in a jurisdiction where the Target Companies has not historically filed Tax Returns, (iii) make, change or revoke any Tax election with respect to, or that has a retroactive effect on, a Pre- Closing Tax Period (including, for the avoidance of doubt, any elections under Section 301.7701-3 of the Treasury regulations, Section 336(e), or Section 338, or, in each case, any Treasury regulations promulgated thereunder), (iv) make any voluntary disclosures with respect to Taxes for Pre-Closing Tax Periods, or (v) change any accounting method or adopt any convention that shifts taxable income from a Post-Closing Tax Period to a Pre-Closing Tax Period or shifts deductions or losses from a Pre- Closing Tax Period to a Post-Closing Tax Period, in each case, only if such action would be reasonably expected to result in an increase to the amount of Taxes payable by a Seller. (g) Tax Sharing Agreements. Prior to the Closing, the Target Companies shall terminate any tax indemnity contract, tax sharing contract, tax allocation contract or similar contract between any Target Company, on the one hand, and any Sellers, on the other hand (except for any contract entered into in the Ordinary Course of Business and the principal subject matter of which is not Taxes), and after the Closing, the Target Companies shall have no liability under any such tax indemnity contract, tax sharing contract, tax allocation contract or similar contract. (h) Intended Tax Treatment. The parties hereto acknowledge and agree that the purchase of the Membership Interests by Purchaser from the applicable Sellers of the Membership Interests will be characterized and reported for U.S. federal and applicable state and local income tax purposes in accordance with Revenue Ruling 99-6, 1999-1 C.B. 432 (Situation 2), and consistent with such treatment: (A) such Sellers shall be treated as selling all the Equity Interests to Purchaser in a taxable sale of partnership interests in exchange for the Purchase Price (as finally adjusted in accordance with Section 2.6); and (B) Purchaser will be deemed to acquire, by taxable purchase, all such assets of Slats Lucas from such Sellers in a taxable transaction immediately following a deemed liquidating distribution by Slats Lucas of undivided interests in all of its assets to such Sellers (collectively, the "Intended Tax Treatment"). The parties hereto shall prepare and file all Tax Returns on a basis consistent with the Intended Tax Treatment unless a different treatment is otherwise required by applicable Law. (i) Post-Closing Bonus. Within thirty (30) days following the Closing, but no later, Sellers may in its sole discretion make payments after receipt of and from the Estimated Closing Date Payment in the form of discretionary bonuses to certain employees of the Target Companies in an amount (in the aggregate) no greater than the aggregate amount set forth on Schedule 5.8(i) (a "Post-Closing Bonus"). In such case, (i) LMS shall promptly notify Purchaser of such Post-Closing Bonus payment no later than two Business Day before the date on which the Post-Closing Bonus will be paid to any applicable employee including the amount proposed to be paid, (ii) for all applicable Tax purposes, the parties hereto shall treat (and shall cause their respective Affiliates to treat) and report (including on any applicable Tax Returns) such Post-Closing Bonus as compensation paid to the employee (A) by the relevant Target Company that employed the employee as of the Closing 68 through an intermediary or agent of such Target Company and (B) in connection with such employee's employment with the relevant Target Company that employed the employee as of the Closing, (iii) LMS shall provide any payee of a Post-Closing Bonus with written notice of the Post- Closing Bonus payment and any Taxes associated therewith for which the payee is responsible or for which the applicable Target Company is obligated to withhold no later than one Business Day prior to such payment; provided, further, that LMS will provide such notice for Purchaser's review and comment at least two Business Days prior to distributing such notice to the relevant payee, (iv) LMS will provide the Purchaser with any information reasonably requested to enable any of the Target Companies to comply with any Tax reporting or other requirements relating to any Post-Closing Bonus, (v) for the avoidance of doubt and notwithstanding anything to the contrary herein, Purchaser or any of its respective Affiliates (including for purposes of this Section 5.8(i), the Target Companies) or authorized Representatives shall be entitled to remit or otherwise pay any Taxes to a relevant Governmental Authority that are required to be deducted and withheld by a relevant Target Company under applicable Law in connection with the payment of a Post-Closing Bonus and (vi) LMS shall only pay the net amount (after accounting for such deductions and withholdings) of the Post-Closing Bonus to such employee. The Post-Closing Bonuses shall be a single, lump-sum cash payment that Sellers may, in their sole discretion, authorize to be paid to one or more employees of the Target Companies after the Closing. Each Post-Closing Bonus is intended to be treated as a discretionary bonus and/or gift under the Fair Labor Standards Act and the decision whether to award, and the amount of, any Post-Closing Bonus shall at all times remain wholly within the exclusive discretion of Sellers. The parties hereto agree that nothing in this Agreement (i) creates any duty or obligation on the part of Sellers or the Target Companies (or any of their Affiliates) to pay a Post-Closing Bonus to any employee of the Target Companies, (ii) constitutes a promise, commitment, agreement, or understanding, whether express or implied, to make such a payment, or (iii) limits Sellers' right, for any reason or no reason, to determine not to authorize or to rescind authorization for any Post-Closing Bonus. The Post-Closing Bonuses are not measured by or dependent on hours worked, production, or efficiency and are not compensation for hours of employment or otherwise tied to quality or quantity of work performed. No representation, warranty, promise, or other assurance has been made to any employee of the Target Companies or other Person regarding the payment, timing, amount, or terms of any Post-Closing Bonus. Any Post-Closing Bonus ultimately paid, if at all, shall be determined solely by Sellers based on their independent business judgment and shall not be calculated pursuant to, or otherwise derived from, any formula, metric, target or other objective or predetermined standard. 5.9 Public Announcements. Unless otherwise required by applicable Law or stock exchange rules, in which case the other parties hereto shall have a reasonable opportunity to comment on such communication in advance of such disclosure, any public announcements or press release, if any, with respect to this Agreement or the transactions contemplated hereby shall be mutually approved in writing in advance by the Purchaser and the Seller Representative (such approval not to be unreasonably withheld, conditioned, or delayed); provided, however, that after the Closing, any party hereto may make public statements and communicate with members of the news media without the consent of the other parties hereto, to the extent that such public statements or communications contain or involve only information included in a prior press release or other public statements or public announcements or media communications previously made in accordance with the terms of this Section 5.9.

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&nbsp;&nbsp;&nbsp;&nbsp;69 5.10 Further Assurances. Following the Closing, each of the parties hereto shall, and shall cause their respective Affiliates to, execute and deliver such additional documents, instruments, conveyances, and assurances, and take such further actions as may be reasonably required to carry out the provisions hereof and give effect to the transactions contemplated by this Agreement and to perfect Purchaser's rights in the Equity Interests and the Business and the Target Companies' continuing ability to operate the Business. The Sellers shall cooperate with and assist the Purchaser in connection with the preparation of any information required to be filed or furnished by it with the Securities and Exchange Commission in connection with the transactions contemplated by this Agreement, including (a) providing information, documentation and assistance as reasonably requested by the Purchaser in connection with the preparation of any financial statements relating to the Business as are required by the Purchaser to satisfy the requirements under applicable securities Laws and (b) providing documentation reasonably requested by the Purchaser in connection with the preparation of any Form 8-K. 5.11 Wrong Pockets. (a) From and after the Closing, with respect to any asset (tangible or intangible), that, prior to the Closing was used or held for use by or in connection with the Business or by the Target Companies (except for any Excluded Assets) and that was owned or in which a controlling interest was held by any Target Company or any of its Affiliates (each, an "Wrong Pocket Asset"), the Sellers will (or will cause their respective Affiliates to), within five (5) Business Days of the request of Purchaser, convey to Purchaser, at no additional cost to Purchaser, all of the rights, title, interests of such Seller (or relevant Affiliate) in relation to such Wrong Pocket Asset (subject to obtaining all necessary Consents required for the same, and the Sellers hereby agree to use their respective best efforts to obtain all such Consents). The Sellers further agree that all Wrong Pocket Assets transferred or licensed to Purchaser will be free and clear of any Encumbrance (other than Permitted Encumbrances), and that each representation, warranty, covenant and indemnity of the Sellers in this Agreement that applied to the tangible property also will apply to the Wrong Pocket Assets that are tangible property. Without limiting the foregoing, with respect to any and all amounts received or collected by the Sellers from and after the Closing (i) attributable to, or in respect of, the Business or by the Target Companies and (ii) which became the property of Purchaser as a result of the consummation of the transactions contemplated by this Agreement or the Ancillary Documents, the Sellers shall pay promptly (and in any event within five (5) Business Days of their receipt or collection) to Purchaser any and all such amounts so received or collected by wire transfer of immediately available funds to an account specified by Purchaser or by other means acceptable to Purchaser. (b) The parties hereto agree that (i) the party that is entitled to receive any asset (tangible or intangible) under this Section 5.11 shall be treated as the owner or recipient of any such funds or property for applicable Tax purposes at all times following the Closing, and (ii) each of the parties shall, and shall cause their respective Affiliates to, file all Tax Returns in a manner consistent with such Tax treatment, unless a different treatment is otherwise required by Law. 5.12 Employee Retention Bonuses. As of the Closing, a Target Company shall grant retention bonuses (such bonuses, "Retention Bonuses") to each Continuing Employee listed on Schedule 5.12 in such amounts (less all withholdings and other applicable deductions or taxes), and subject to the service-based vesting schedule, set forth opposite each such Continuing 70 Employee's name (the "Retention Bonus Pool"). Each Retention Bonus shall be granted pursuant to a form of retention bonus award agreement established and provided by Purchaser and acceptable to the Seller Representative in the Seller Representative's reasonable discretion. Notwithstanding anything to the contrary herein or in the other Ancillary Documents, the Retention Bonus Pool shall not be deemed a Closing Transaction Expense or Indebtedness. To the extent that any Retention Bonus is forfeited or cancelled without payment, the unpaid portion of such forfeited or cancelled Retention Bonus shall not be available for further grants or distributions to others. 5.13 Purchase Commitment. At any time during the eighteen (18) months following the Closing, Purchaser (or its Affiliate) shall, upon written notice to Seller Representative, acquire the Meadows Lane Property from the applicable Seller for an aggregate purchase price of four hundred fifty thousand dollars ($450,000), free and clear of any Encumbrance (except Permitted Encumbrances). Upon such written notice, Purchaser (or its Affiliate) and Sellers shall promptly take all actions necessary and execute all documents required to effect the transfer of the Meadows Lane Property to Purchaser (or its designated Affiliate). During such eighteen (18) month period following Closing, Sellers shall not sell, agree to sell, or otherwise transfer the Meadows Lane Property to any third party, nor shall Sellers take any action that would result in an Encumbrance (except Permitted Encumbrances) on, or would materially and adversely change the condition or value of, the Meadows Lane Property. ARTICLE 6 INDEMNIFICATION; LIMITATIONS TO LIABILITIES 6.1 Survival. (a) All representations and warranties of the Sellers contained in, or arising out of, this Agreement, any Ancillary Document, and the transactions contemplated hereby and thereby shall expire and terminate at the Closing, and thereafter no claim may be made with respect to, or any suit or other proceeding instituted for, any breach of or inaccuracy in any such representation or warranty (other than for Fraud). (b) All covenants, obligations, and agreements contained in this Agreement and any Ancillary Document which by their terms are to be performed (or which prohibit actions) prior to the Closing Date will survive the Closing and remain in full force and effect from and after the Closing until the one (1) year anniversary of the Closing Date. (c) The covenants, obligations, and agreements contained in this Agreement and any Ancillary Document that by their terms apply or are to be performed in whole or in part after the Closing shall, with respect to each such post-Closing obligation, survive indefinitely unless the covenant, obligation, or agreement specifies a different term, in which case such covenant, obligation, or agreement shall survive for the period provided therein, if any, or until fully performed. The indemnification obligations of the Sellers under Section 6.2(e) shall survive the Closing until the date that is sixty (60) days following the expiration of the applicable statute of limitations period relating to the underlying claim. 71 (d) Notwithstanding anything in this Agreement to the contrary, this Section 6.1 shall not (i) limit any claim or recovery available to Purchaser under the R&W Insurance Policy or (ii) prevent or limit any claim in the case of Fraud on the part of Sellers. (e) If at any time prior to the end of the applicable survival period, any party asserts any claim or demand specifying the breach of particular covenants, obligations or agreements, the claims set forth in such claim or demand shall survive until finally resolved by agreement among the parties or by decision of a court of competent jurisdiction from which no further appeal may be taken. The parties specifically and unambiguously intend that the survival periods that are set forth in Section 6.1 replace any statute of limitations that would otherwise be applicable and any corresponding obligation or Liability shall terminate concurrently with the expiration of such applicable survival period set forth in Section 6.1. 6.2 Indemnification by the Sellers. Subject to the limitations set forth herein, from and after the Closing, the Sellers shall, subject to Section 6.6, indemnify, severally and not jointly, defend and hold harmless the Purchaser, each of the Target Companies, and their respective Affiliates and each of their respective officers, directors, employees, stockholders, agents, Representatives, successors and assigns (the "Purchaser Indemnitees") from and against all Losses to the extent arising or resulting directly or indirectly from any of the following items set forth below: (a) any breach or violation of any covenant, obligation, or agreement of any of the Sellers or any of the Target Companies (in the case of Target Companies, prior to the Closing) contained in this Agreement or any Ancillary Document; (b) any Closing Indebtedness to the extent not taken into account in the calculation of the Final Closing Date Payment; (c) any Closing Transaction Expenses, to the extent not taken into account in the calculation of the Final Closing Date Payment; (d) any Liabilities related to the Pre-Closing Reorganization, the Excluded Entities, the Excluded Equity Interests, or the Excluded Assets; (e) any Excluded Taxes; (f) any Action amongst the Sellers or the Seller Representative; (g) any act of Fraud of the Seller Representative or any of the Sellers; and (h) the matters listed on Schedule 6.2(h). 6.3 Indemnification by the Purchaser. Subject to the limitations set forth herein, from and after the Closing, the Purchaser shall indemnify, defend and hold harmless the Sellers and their respective Affiliates and each of their respective officers, directors, employees, stockholders, agents, Representatives, successors and assigns (the "Seller Indemnitees") from and against all Losses to the extent arising or resulting directly or indirectly from (a) any inaccuracy in or breach of any of the representations or warranties of Purchaser contained in this Agreement, (b) any 72 breach or violation of any covenant, obligation, or agreement of Purchaser or any of the Target Companies (in the case of Target Companies, after the Closing) contained in this Agreement or any Ancillary Document, and (c) any act of Fraud of the Purchaser. 6.4 Indemnification Procedures. (a) Direct Claims. If any Purchaser Indemnitee or Seller Indemnitee (each, an "Indemnified Party") believes that a claim exists or the imposition of any penalty or assessment (in each case, other than any claims, penalties, or assessments with respect to Taxes, which for the avoidance of doubt shall be governed by Section 5.8) for which indemnity may be sought under Section 6.2 or Section 6.3 and such Indemnified Party intends to seek indemnity pursuant to this Section 6.4(a), the Indemnified Party shall promptly provide the Seller Representative on behalf of the Sellers (if the Indemnified Party is a Purchaser Indemnitee) or the Purchaser (if the Indemnified Party is a Seller Indemnitee) (the party so notified, the "Indemnifying Party") with written notice of such claim, stating the nature, basis, the amount thereof (to the extent known or of a nature that can reasonably be estimated, which amount shall not be conclusive of the final amount of such claim), along with copies of the relevant documents evidencing such claim and the basis for indemnification sought. The failure of the Indemnified Party to so notify the Indemnifying Party shall not relieve the Indemnifying Party of its obligations hereunder except to the extent that the Indemnifying Party is actually and materially prejudiced thereby. (b) Third Party Claims. (i) If any Indemnified Party receives written notice (or otherwise becomes aware) of the commencement of any Action or the assertion of any claim by a third party or the imposition of any penalty or assessment (in each case other than any claims, penalties, assessments or other Action with respect to Taxes, which for the avoidance of doubt shall be governed by Section 5.8) for which indemnity may be sought under Section 6.2 or Section 6.3 (a "Third Party Claim"), and such Indemnified Party intends to seek indemnity pursuant to this Section 6.4(b), the Indemnified Party shall promptly provide the Indemnifying Party with written notice of such Third Party Claim, stating the nature, basis, the amount thereof (to the extent known or of a nature that can be reasonably estimated, which amount shall not be conclusive of the final amount of such Third Party Claim), along with copies of the relevant documents evidencing such Third Party Claim and the basis for indemnification sought. The failure of the Indemnified Party to so notify the Indemnifying Party shall not relieve the Indemnified Party of its obligations hereunder except to the extent that the Indemnifying Party is actually and materially prejudiced thereby. (ii) If the Indemnifying Party acknowledges in writing its obligation to indemnify the Indemnified Party hereunder against any Losses that may result from such Third Party Claim within thirty (30) days of receipt of the claim notice, or such shorter period as the Indemnified Party may reasonably specify where such Third Party Claim relates to any matter which by its nature requires resolution in a shorter period, then the Indemnifying Party shall be entitled to participate in the defense of such Third Party Claim and, if it so chooses, to assume control of the defense thereof at its expense with counsel selected by the Indemnifying Party and reasonably satisfactory to the Indemnified Party;

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&nbsp;&nbsp;&nbsp;&nbsp;73 provided, however, that the Indemnifying Party shall not be entitled to assume control of such defense and shall pay the reasonable fees and expenses of counsel retained by the Indemnified Party if (A) the Third Party Claim relates to or arises in connection with any criminal Action, (B) the Third Party Claim seeks, as a principal remedy, an injunction or equitable relief against the Indemnified Party or would, in the good faith and reasonable belief of the Purchaser, be materially detrimental to the reputation or relations with customers or suppliers of the Purchaser or any of the Target Companies or the Business or any business of the Purchaser or any of its Affiliates, (C) the Indemnified Party has been reasonably advised by legal counsel that there is a conflict of interest between the Indemnified Party and the Indemnifying Party in the conduct of the defense of such Third Party Claim, (D) due to the limitations elsewhere in this Article 6, the Indemnifying Party's indemnification liability in respect of such Third Party Claim is less than the amount that would reasonably be expected to be awarded, (E) the Indemnifying Party failed, is failing to or refuses to prosecute or adequately defend such Third Party Claim or (F) the assumption of the defense by the Indemnifying Party is likely to cause the Purchaser or any of the Target Companies to lose coverage under the R&W Insurance Policy. (iii) If the Indemnifying Party undertakes to defend against such Third Party Claim: (A) the Indemnifying Party shall use its commercially reasonable efforts to defend and protect the interests of the Indemnified Party with respect to such Third Party Claim including defending the Third Party Claim actively and diligently; and (B) the Indemnifying Party shall not, without the prior written consent of the Indemnified Party, consent to any settlement or the entry of any judgment which (1) does not contain an unconditional release of the Indemnified Parties from the subject matter of the settlement, (2) would provide for any admission of criminal Liability or any injunctive relief or other non-monetary obligation affecting the Indemnified Party or (3) would have a material and adverse effect on the future Losses or other Liabilities, trading relationships or goodwill of any Indemnified Party. If the Indemnifying Party elects not to (whether explicitly or by its actions) defend any Third Party Claim, fails to notify the Indemnified Party of its election as herein provided, contests its obligation to indemnify the Indemnified Party for Losses relating to such Third Party Claim under this Agreement or is not entitled to assume the defense of any Third Party Claim, the Indemnified Party may defend against, negotiate, settle or otherwise deal with such Third Party Claim. If the Indemnified Party defends any Third Party Claim because the Indemnifying Party is not entitled to or elects not to defend such Third Party Claim, then the Indemnifying Party shall reimburse the Indemnified Party for the reasonable and documented costs and expenses (including legal fees and expenses) of defending such Third Party Claim within fifteen (15) days of submission of periodic bills. (iv) Subject to Section 6.4(b)(iii), the party not controlling the defense of a Third Party Claim (the "Non-controlling Party") may participate therein at its own expense; provided, however, that an Indemnified Party shall be entitled to participate in any such defense with separate counsel at the expense of the Indemnifying Party if (A) so requested by the Indemnifying Party to participate or (B) in the reasonable opinion of counsel to the Indemnified Party a conflict or potential conflict exists between the Indemnified Party and the Indemnifying Party that would make such separate representation advisable. The party controlling such defense (the "Controlling Party") will 74 keep the Non-controlling Party reasonably advised of the status of such suit or proceeding and the defense thereof and will consider in good faith recommendations made by the Non- controlling Party with respect thereto. The Non-controlling Party will furnish the Controlling Party with such relevant information as it may have with respect to such Action (including copies of any summons, complaint or other pleading which may have been served on such party and any written claim, demand, invoice, billing or other document evidencing or asserting the same) and will otherwise cooperate with and, at the reasonable request of the Controlling Party, assist the Controlling Party in the defense of such Action and will give the Controlling Party and its counsel, during normal business hours and upon reasonable advance notice, access to the relevant business records and other documents, and shall permit them to consult with the employees and counsel of the Indemnified Party. If the Indemnifying Party has assumed the defense, appeal or settlement proceedings of the Third Party Claim in accordance herewith, the Indemnified Party will not admit any liability, file any papers or consent to the entry of any judgment or enter into any settlement agreement, compromise or discharge with respect to the Third Party Claim without the prior written consent of the Indemnifying Party (which consent shall not be unreasonably withheld, conditioned or delayed). 6.5 Limitation of Liability. (a) The amount of any Loss for which indemnification is provided under this Article 6 shall be net of any amounts actually recovered by the Indemnified Party with respect to such Loss, net of out-of-pocket costs and expenses of obtaining such recoveries or insurance proceeds (which, with respect to insurance proceeds, shall not include any applicable premiums or deductibles, but shall take into account any subsequent increases in premiums directly and exclusively resulting from the payment of any such proceeds). (b) If an Indemnified Party recovers an amount from a third party in respect of Losses that are the subject of indemnification hereunder after all or a portion of such Losses have been paid by an Indemnifying Party pursuant to this Article 6 or Section 5.8, then the Indemnified Party shall promptly remit to the Indemnifying Party the excess (if any) of (i) (A) the amount paid by the Indemnifying Party in respect of such Losses, plus (B) the amount received by the Indemnified Party in respect thereof, less (ii) the full amount of the Losses. (c) Notwithstanding anything to the contrary in this Agreement, the maximum aggregate, cumulative liability of (i) each Seller for any and all Losses arising pursuant to this Agreement or in connection with the transaction contemplated hereby shall not exceed such Seller's pro rata portion of the Purchase Price actually received by such Seller and (ii) the Purchaser for any and all Losses arising pursuant to this Agreement or in connection with the transaction contemplated hereby shall not exceed the Purchase Price. (d) Notwithstanding anything to the contrary in this Agreement, the maximum aggregate, cumulative liability of Sellers related to the Specific Indemnity Matter shall not exceed the Specific Indemnity Escrow Fund Amount. (e) Each party shall, and shall cause its respective Affiliates to, take all reasonable steps to mitigate any Loss indemnifiable hereunder upon and after becoming aware of any event that 75 could reasonably be expected to give rise to any Loss. No party shall be entitled to any payment, adjustment or indemnification more than once with respect to the same matter. 6.6 Certain Liability. Notwithstanding anything to the contrary herein contained, Steven, Warren Management, LLC, and the Steven Michael Warren Family Trust (each jointly and severally with respect to each other) and Missy and the Melissa W. McGee Family Trust (each jointly and severally with respect to each other) hereby agree to be liable for, and to pay, perform, or otherwise discharge on demand, any Liabilities or other payment obligations of LMS based on each such party's pro rata ownership of LMS as of the Closing Date. The obligations of such parties pursuant to this Section 6.6 shall be in addition to, and not in substitution for, any other rights or remedies available to Purchaser including against LMS directly. 6.7 Payments. The Sellers (if the Indemnified Party is a Purchaser Indemnitee) or the Purchaser (if the Indemnified Party is a Seller Indemnitee) will pay or cause to be paid all amounts payable pursuant to this Article 6 by wire transfer of immediately available funds, promptly following receipt from an Indemnified Party of a written notice, for a Loss that is the subject of indemnification hereunder, unless the Seller Representative (if the Indemnified Party is a Purchaser Indemnitee) or the Purchaser (if the Indemnified Party is a Seller Indemnitee) in good faith timely disputes the Loss, in which event it will so notify the Indemnified Party. In any event, the Sellers (if the Indemnified Party is a Purchaser Indemnitee) or the Purchaser (if the Indemnified Party is a Seller Indemnitee) will pay or cause to be paid to the Indemnified Party, by wire transfer of immediately available funds, the amount of any Loss for which it is liable hereunder no later than five (5) Business Days following any final determination of such Loss and the Indemnifying Party's liability therefor. A "final determination" will exist when (a) the parties to the dispute have reached an agreement in writing, or (b) a final Governmental Order shall have been issued, in each case, with respect to disputes the parties have agreed to submit thereto. Except as otherwise required by applicable Law, the parties hereto agree to treat all payments made under Article 6, Section 5.8 and under any other indemnity provisions contained in this Agreement as adjustments to the Purchase Price for all Tax purposes. 6.8 Specific Indemnity Matter (a) Notwithstanding anything in this Agreement to the contrary, Purchaser and its Affiliates (including the Target Companies following the Closing) shall have sole responsibility for taking the actions necessary to remedy and otherwise mitigate the Specific Indemnity Matter following the Closing. Following the Closing, Sellers agree to use their respective commercially reasonable efforts to assist Purchaser (including providing information and documentation reasonably requested by Purchaser) in completing the remediation and mitigation actions related to the Specific Indemnity Matter. Without limiting the foregoing, Purchaser and its Affiliates shall (i) perform or cause the performance of any remediation and mitigation actions related to the Specific Indemnity Matter promptly and in good faith and shall use commercially reasonable efforts to mitigate the costs associated with the Specific Indemnity Matter, (ii) maintain accounting related to the costs associated with the Specific Indemnity Matter, and (iii) keep Seller Representative reasonably informed with respect to the status of the Specific Indemnity Matter upon Seller Representative's written request. (b) Within five (5) Business Days following a written request from Purchaser to Seller Representative for the payment of Losses related to the Specific Indemnity Matter, Purchaser 76 and Seller Representative shall cause the Escrow Agent to release to Purchaser, by wire transfer of immediately available funds from the Specific Indemnity Escrow Fund to an account designated by Purchaser in writing, an amount in cash equal to the Losses related to the Specific Indemnity Matter covered by such written request. Purchaser's written request shall include the calculations of the Losses associated with the Specific Indemnity Matter incurred and paid as of such date, as well as reasonable supporting backup documentation. Seller Representative shall have 30 days following the submission by Purchaser to Seller Representative of a written request for reimbursement to review and dispute in writing any calculations of the Losses incurred in relation to the Specific Indemnity Matter. The Parties shall use their commercially reasonable efforts to resolve any such disputes promptly and, in the event that, following any such dispute resolution, it is determined that Purchaser received payment for any Losses related to the Specific Indemnity Matter that should not have been paid pursuant to the terms of this Section 6.8, Purchaser shall promptly, and in any event within five (5) Business Days, reimburse the Specific Indemnity Escrow Fund or Sellers, as applicable, for such amount. (c) Notwithstanding anything to the contrary contained herein, with respect to any indemnifiable Losses related to the Specific Indemnity Matter (other than Fraud), such Losses shall be recovered by Purchaser solely from the Specific Indemnity Escrow Fund and not directly from Sellers. On or prior to the fifth (5th) Business Day following August 5, 2028, Purchaser and Seller Representative shall deliver joint written notice to the Escrow Agent instructing it to pay any remaining funds then held in the Specific Indemnity Escrow Fund to such account as is directed by Seller Representative in writing, less any amounts then in dispute or amounts claimed against the Sellers related to the Specific Indemnity Matter. On or prior to the fifth (5th) Business Day following the final determination of any such disputed amounts, Purchaser and Seller Representative shall cause the Escrow Agent to release any amount that is determined not to be payable to Purchaser to such account as is directed by Seller Representative in writing. 6.9 Exclusive Remedy. (a) Each of the parties hereto acknowledges and agrees that its sole and exclusive remedy with respect to any and all claims (other than claims (a) arising on the basis of Fraud and (b) pursuant to Section 2.6 and Section 5.8 with respect to the matters covered thereby) for any breach of any representation, warranty, covenant, agreement, or obligation set forth herein or otherwise relating to the subject matter of this Agreement or the transactions contemplated hereby shall be pursuant to the provisions set forth in this Article 6. Nothing in this Section 6.9 shall limit any Person's right to seek and obtain any relief to which any Person shall be entitled pursuant to Section 7.12. Further, nothing herein will be deemed to limit any right or remedy of the Purchaser under the R&W Insurance Policy (or any obligation of any insurer thereunder). (b) Notwithstanding anything expressed or implied herein to the contrary, Purchaser acknowledges and agrees, on behalf of Purchaser and Purchaser's Affiliates, and following the Closing, on behalf of the Target Companies, that Sellers shall not have any direct or indirect liability (derivatively or otherwise) with respect to any breach of or inaccuracy in any representation or warranty contained in, or arising out of, this Agreement or the Ancillary Documents and that no claim may be made, or any suit or other proceeding instituted, by Purchaser, the Target Companies, or any of Purchaser's Affiliates against Sellers or with respect thereto, except, and only to the extent that, a breach of or inaccuracy in a representation and warranty contained in Article 3 constitutes

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&nbsp;&nbsp;&nbsp;&nbsp;77 Fraud. In furtherance of the foregoing, Purchaser, on behalf of Purchaser and Purchaser's Affiliates, and following the Closing, on behalf of the Target Companies, acknowledges and agrees that, except, and only to the extent that, a breach of or inaccuracy in a representation and warranty made by a Seller contained in Article 3 constitutes Fraud, Sellers shall not have any direct or indirect liability of any kind or nature with respect to any such breach, the R&W Insurance Policy or any claim thereunder (except for the insurer's rights of subrogation against a Seller in the case of Fraud by such Seller in accordance with, and subject to, the terms and conditions of the R&W Insurance Policy). No Seller shall have any liability for or with respect to Fraud by another Seller. 6.10 Non-Recourse. This Agreement may only be enforced against, and any claim or Action based upon, arising out of, or related to this Agreement, or the negotiation, execution, or performance of this Agreement, may only be brought against the Persons that are expressly named as parties hereto or in any Ancillary Document (as applicable) and then only with respect to the specific obligations set forth herein and therein with respect to such Person. Except as otherwise set forth in any Ancillary Document, no past, present, or future director, officer, employee, incorporator, manager, member, partner, stockholder, Affiliate, agent, attorney, or other Representative of any party hereto or of any Affiliate of any party hereto, or any of their successors or permitted assigns (collectively, the "Non-Party Affiliates"), shall have any liability for any Liabilities of any party hereto under this Agreement or for any claim or Action based on, in respect of or by reason of the transactions contemplated hereby. This Section 6.10 is intended for the benefit of, and shall be enforceable by, each of the Non-Party Affiliates. ARTICLE 7 MISCELLANEOUS 7.1 Seller Representative. (a) Each Seller irrevocably authorizes and appoints Seller Representative as such Person's representative and attorney-in-fact to act on behalf of such Person with respect to this Agreement and any Ancillary Document and to take any and all actions and make any decisions required or permitted to be taken by Seller Representative pursuant to this Agreement or any Ancillary Document, including the exercise of the power to: (i) give and receive notices and communications; (ii) execute and deliver all documents necessary or desirable to carry out the intent of this Agreement and any Ancillary Document; (iii) make all elections or decisions contemplated by this Agreement and any Ancillary Document; (iv) engage, employ, or appoint any agents or Representatives (including attorneys, accountants, and consultants) to assist Seller Representative in complying with its duties and obligations; and (v) take all actions necessary or appropriate in the good faith judgment of Seller Representative for the accomplishment of the foregoing. 78 (b) Purchaser shall be entitled to deal exclusively with Seller Representative on all matters relating to this Agreement and any Ancillary Document and shall be entitled to rely conclusively (without further evidence of any kind whatsoever) on any document executed or purported to be executed on behalf of any Seller by Seller Representative, and on any other action taken or purported to be taken on behalf of any Seller by Seller Representative, as being fully binding upon such Person. Notices or communications to or from Seller Representative shall constitute notice to or from each of the Sellers. Any decision or action by Seller Representative hereunder shall constitute a decision or action of all Sellers and shall be final, binding, and conclusive upon each such Person. No Seller shall have the right to object to, dissent from, protest, or otherwise contest the same. The provisions of this Section 7.1, including the power of attorney granted hereby, are independent and severable, are irrevocable and coupled with an interest and shall not be terminated by any act of any one or more Sellers, or by operation of Law. (c) Notwithstanding anything to the contrary in this Agreement, Seller Representative shall only have the power or authority to act regarding matters pertaining to Sellers as a group and not regarding matters pertaining to or affecting an individual Seller in a manner different from other Sellers generally (such individual Seller matters would include, for example, but not by way of limitation, an Action against an individual Seller for his, her, or its breach or nonfulfillment of any covenant or agreement under this Agreement). (d) The Seller Representative shall not be liable to the Sellers for actions taken pursuant to this Agreement or any Ancillary Document, except to the extent such actions shall have been determined by a court of competent jurisdiction to have constituted gross negligence or involved Fraud, intentional misconduct, or bad faith (it being understood that any act done or omitted pursuant to the advice of counsel, accountants and other professionals and experts retained by Seller Representative shall be conclusive evidence of good faith). The Sellers shall severally and not jointly indemnify and hold harmless Seller Representative from and against, compensate it for, reimburse it for, and pay any and all losses, Liabilities, claims, actions, damages, and expenses, including reasonable attorneys' fees and disbursements, arising out of and in connection with its activities as Seller Representative under this Agreement and any Ancillary Document (the "Representative Losses"), in each case as such Representative Loss is suffered or incurred; provided, however, that in the event it is finally adjudicated that a Representative Loss or any portion thereof was primarily caused by the gross negligence, Fraud, intentional misconduct, or bad faith of Seller Representative, Seller Representative shall reimburse the Sellers the amount of such indemnified Representative Loss attributable to such gross negligence, fraud, intentional misconduct, or bad faith. (e) The Seller Representative shall not be replaced or succeeded without the prior written consent of the Purchaser, which consent shall not be unreasonably withheld, conditioned or delayed. 7.2 Expenses. Except as otherwise expressly provided in this Agreement (including Section 6.10), all costs and expenses, including, without limitation, fees and disbursements of counsel, financial advisors and accountants, incurred in connection with this Agreement and the transactions contemplated hereby shall be paid by the party incurring such costs and expenses; provided, however, that Purchaser was responsible for all filing fees payable in connection with all filings under the HSR Act with respect to the transactions contemplated by this Agreement. 79 7.3 Notices. All notices, requests, Consents, claims, demands, waivers, and other communications hereunder shall be in writing and shall be deemed to have been given: (a) when delivered by hand (with written confirmation of receipt); (b) when received by the addressee if sent by a nationally recognized overnight courier (receipt requested); or (c) on the date sent by e- mail if sent during normal business hours of the recipient, and on the next Business Day if sent after normal business hours of the recipient. Such communications must be sent to the respective parties at the following addresses (or at such other address for a party as shall be specified in a notice given in accordance with this Section 7.3): If to any Seller or the Seller Representative: Steven M. Warren P.O. Box 2349 Gulfport, MS 39505 Email: smwarren76@gmail.com With a copy (which shall not constitute notice) to: Balch & Bingham LLP 1310 Twenty-Fifth Avenue Gulfport, MS 39501 Attn: Ricky J. Cox Email: rcox@balch.com If to Purchaser: Granite Construction Incorporated 585 West Beach Street Watsonville, California 95076 Attention: Craig Hall, General Counsel Email: craig.hall@gcinc.com With a copy (which shall not constitute notice) to: Allen Overy Shearman Sterling US LLP 2601 Olive Street, Suite 1700 Dallas, TX 75201 Attn: Alain Dermarkar and Kyle Park Email: alain.dermarkar@aoshearman.com and kyle.park@aoshearman.com 7.4 Disclosure Schedules. All section headings in the Disclosure Schedules correspond to the sections of this Agreement, but information provided in any section of the Disclosure Schedules shall constitute disclosure for purposes of each section of this Agreement where such information is reasonably apparent on its face. Unless the context otherwise requires, all capitalized terms used in the Disclosure Schedules shall have the respective meanings assigned to such terms in this Agreement. Certain information set forth in the Disclosure Schedules is included solely for informational purposes, and may not be required to be disclosed pursuant to this Agreement. No disclosure in the Disclosure Schedules relating to any possible breach or violation of any agreement or Law shall be construed as an admission or indication that any such breach or violation exists or has actually occurred. The inclusion of any information in the Disclosure Schedules shall not be deemed to be an admission or acknowledgment by Sellers that in and of itself, such information is material to or outside the Ordinary Course of Business or is 80 required to be disclosed on the Disclosure Schedules. No disclosure in the Disclosure Schedules shall be deemed to create any rights in any third party. 7.5 Headings. The headings in this Agreement are for reference only and shall not affect the interpretation of this Agreement. 7.6 Severability. If any term or provision of this Agreement is invalid, illegal or unenforceable in any jurisdiction, such invalidity, illegality or unenforceability shall not affect any other term or provision of this Agreement or invalidate or render unenforceable such term or provision in any other jurisdiction. Upon such determination that any term or other provision is invalid, illegal or unenforceable, the parties hereto shall negotiate in good faith to modify this Agreement so as to effect the original intent of the parties as closely as possible in a mutually acceptable manner in order that the transactions contemplated hereby be consummated as originally contemplated to the greatest extent possible. 7.7 Entire Agreement. This Agreement and the Ancillary Documents constitute the sole and entire agreement of the parties to this Agreement with respect to the subject matter contained herein and therein, and supersede all prior and contemporaneous representations, warranties, understandings, and agreements, both written and oral, with respect to such subject matter. In the event of any inconsistency between the statements in the body of this Agreement and those in the Ancillary Documents, the Annexes, and Disclosure Schedules (other than an exception expressly set forth as such in the Disclosure Schedules), the statements in the body of this Agreement will control. 7.8 Successors and Assigns. This Agreement shall be binding upon and shall inure to the benefit of the parties hereto and their respective successors and permitted assigns. Neither party may assign its rights or obligations hereunder without the prior written consent of the other party, which consent shall not be unreasonably withheld, conditioned, or delayed. No assignment shall relieve the assigning party of any of its obligations hereunder. Notwithstanding the foregoing the Purchaser may, without consent of any other party, assign any of its rights or obligations pursuant to this Agreement (a) to any Affiliate of Purchaser, or (b) (in whole or in part) to any subsequent purchaser of all or the material portion of the assets or equity of the Target Companies. Any attempted assignment in violation of this Section 7.8 shall be null and void. 7.9 No Third-Party Beneficiaries. Except as provided in Section 5.2, Section 5.12, Section 6.10, and Section 7.14, this Agreement is for the sole benefit of the parties hereto and their respective successors and permitted assigns and nothing herein, express or implied, is intended to or shall confer upon any other Person or entity any legal or equitable right, benefit, or remedy of any nature whatsoever under or by reason of this Agreement. 7.10 Amendment and Modification; Waiver. This Agreement may only be amended, modified, or supplemented by an agreement in writing signed by the Purchaser and the Seller Representative. No waiver by any party of any of the provisions hereof shall be effective unless explicitly set forth in writing and signed by the party so waiving. No waiver by any party shall operate or be construed as a waiver in respect of any failure, breach or default not expressly identified by such written waiver, whether of a similar or different character, and whether occurring before or after that waiver. No failure to exercise, or delay in exercising, any right,

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&nbsp;&nbsp;&nbsp;&nbsp;81 remedy, power, or privilege arising from this Agreement shall operate or be construed as a waiver thereof; nor shall any single or partial exercise of any right, remedy, power, or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, power, or privilege. 7.11 Governing Law; Dispute Resolution; Waiver of Jury Trial. (a) This Agreement shall be governed by and construed in accordance with the internal laws of the State of Mississippi without giving effect to any choice or conflict of law provision or rule (whether of the State of Mississippi or any other jurisdiction). (b) Except as otherwise provided in Section 7.12, any Action arising out of this Agreement which cannot be resolved amicably between the parties hereto shall be settled by submission to the American Arbitration Association (the "AAA") for binding arbitration to be conducted in Atlanta, Georgia (or such other place as Purchaser and the Seller Representative may mutually agree) in accordance with the AAA Commercial Arbitration Rules then in effect. The arbitration shall be conducted before a panel of arbitrators comprised of one (1) arbitrator selected by the Seller Representative and one (1) arbitrator selected by Purchaser in accordance with the Commercial Arbitration Rules who shall then jointly select a neutral third arbitrator who shall chair the tribunal, and resolution of the dispute by such panel of arbitrators shall be binding and conclusive upon the parties hereto. Each arbitrator shall be a retired judge or a practicing attorney with no less than fifteen (15) years of experience as such and shall be experienced in arbitration and with disputes relating to the subject matter to be arbitrated. For the avoidance of doubt, the arbitral tribunal shall maintain all proceedings in confidence, shall resolve all disputes in accordance with the Laws of the State of Mississippi. On prior leave of the arbitral tribunal, the parties hereto may engage in limited discovery, including limited depositions. The arbitrators shall have the authority to impose all manner of remedies permitted hereunder including, where appropriate, injunctive relief. Any award made pursuant to this Section 7.11(b) may be entered in and enforced by any court having jurisdiction, and the parties hereto consent and commit themselves to the jurisdiction of the courts of the State of Georgia for the purpose of the enforcement of any such award. The fees of the arbitrator shall be borne equally by the parties hereto. For purposes of this Agreement, each of the parties hereto hereby: (i) consents to service of process in any Action among the parties to this Agreement arising in whole or in part under or in connection with the negotiation, execution and performance of this Agreement in any manner permitted by applicable Law; (ii) agrees that service of process made in accordance with Section 7.3 will constitute good and valid service of process in any such Action; and (iii) waives and agrees not to assert (by way of motion, as a defense, or otherwise) in any such Action any claim that service of process made in accordance with clause (i) or (ii) does not constitute good and valid service of process. (c) EACH PARTY ACKNOWLEDGES AND AGREES THAT ANY CONTROVERSY WHICH MAY ARISE UNDER THIS AGREEMENT OR ANY OTHER ANCILLARY DOCUMENT IS LIKELY TO INVOLVE COMPLICATED AND DIFFICULT ISSUES AND, THEREFORE, EACH SUCH PARTY IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LEGAL ACTION ARISING OUT OF OR RELATING TO THIS AGREEMENT, THE ANCILLARY DOCUMENTS, AND THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY. EACH PARTY TO THIS AGREEMENT CERTIFIES AND ACKNOWLEDGES THAT (A) NO REPRESENTATIVE OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT SEEK TO ENFORCE THE FOREGOING 82 WAIVER IN THE EVENT OF AN ACTION, (B) SUCH PARTY HAS CONSIDERED THE IMPLICATIONS OF THIS WAIVER, (C) SUCH PARTY MAKES THIS WAIVER VOLUNTARILY, AND (D) SUCH PARTY HAS BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 7.11(C). 7.12 Specific Performance. The parties agree that irreparable damage would occur if any provision of this Agreement were not performed in accordance with the terms hereof (including if the parties fail to take such actions as are required to consummate the transactions contemplated hereby) or were otherwise breached. Each party hereto shall be entitled to an injunction or injunctions to prevent breaches or threatened breaches of this Agreement or to enforce specifically the performance of the terms and provisions hereof without proof of actual damages, in addition to any other remedy to which it is entitled at law or in equity. Notwithstanding anything to the contrary contained in this Agreement or pursuant to Section 7.11(b), each party hereto shall have the right to seek injunctive relief in any court of competent jurisdiction if necessary to prevent irreparable harm (including securing equitable relief pending the conclusion). No party will oppose the granting of an injunction, specific performance, or other equitable relief provided in this Agreement on the basis that the other party has an adequate remedy at law or that an award of specific performance is not an appropriate remedy for any reason at law or equity. No other party or any other Person shall be required to obtain, furnish, or post any bond or similar instrument in connection with or as a condition to obtaining any remedy referred to in this Section 7.12, and each party hereto irrevocably waives any right it may have to require the obtaining, furnishing, or posting of any such bond or similar instrument. The right of specific enforcement is an integral part of the transactions contemplated hereby and without that right, neither party would have entered into this Agreement. 7.13 Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together shall be deemed to be one and the same agreement. A signed copy of this Agreement delivered by e-mail or other means of electronic transmission shall be deemed to have the same legal effect as delivery of an original signed copy of this Agreement. 7.14 Conflict Waiver; Attorney-Client Privilege. (a) Each of the parties hereto acknowledges and agrees, on its own behalf and on behalf of its directors, members, managers, shareholders, partners, officers, employees, and Affiliates, that: (i) Balch & Bingham LLP has acted as counsel to Sellers and their Affiliates (collectively, the "Seller Group") and the Target Companies, in connection with the negotiation, preparation, execution, and delivery of this Agreement and the consummation of the transactions contemplated hereby. Purchaser agrees, and shall cause the Target Companies to agree, that, following consummation of the transactions contemplated hereby, such representation and any prior representation of the Target Companies by Balch & Bingham LLP (or any successor) (the "Seller Group Law Firm") shall not preclude Seller Group Law Firm from serving as counsel to the Seller Group or any director, manager, member, shareholder, partner, officer, or employee of the Seller 83 Group, in connection with any Action arising out of or relating to this Agreement or the Ancillary Documents or the transactions contemplated hereby and thereby. (ii) Purchaser shall not, and shall cause the Target Companies not to, seek or have Seller Group Law Firm disqualified from any such representation based on the prior representation of the Target Companies by Seller Group Law Firm. Each of the parties hereto hereby consents thereto and waives any conflict of interest arising from such prior representation, and each of such parties shall cause any of its Affiliates to consent to waive any conflict of interest arising from such representation. Each of the parties acknowledges that such consent and waiver is voluntary, that it has been carefully considered, and that the parties have consulted with counsel or have been advised they should do so in connection herewith. The covenants, consent and waiver contained in this Section 7.14(a) shall not be deemed exclusive of any other rights to which Seller Group Law Firm is entitled whether pursuant to law, contract, or otherwise. (b) All communications prior to Closing between the Seller Group or the Target Companies, on the one hand, and Seller Group Law Firm, on the other hand, relating to the negotiation, preparation, execution and delivery of this Agreement and the Ancillary Documents and the consummation of the transactions contemplated hereby and thereby (the "Privileged Communications") shall be deemed to be attorney-client privileged and the expectation of client confidence relating thereto shall survive Closing, and from and after Closing shall belong solely to the Seller Group and shall not pass to or be claimed by Purchaser or the Target Companies. Accordingly, Purchaser and the Target Companies shall not have access to any Privileged Communications or to the files of Seller Group Law Firm relating to such engagement from and after Closing. Without limiting the generality of the foregoing, from and after the Closing, (i) the Seller Group (and not Purchaser or the Target Companies) shall be the sole holders of the attorney-client privilege with respect to such engagement, and none of Purchaser or the Target Companies shall be a holder thereof, (ii) to the extent that files of Seller Group Law Firm in respect of such engagement constitute property of the client, only the Seller Group (and not Purchaser nor the Target Companies) shall hold such property rights and (iii) Seller Group Law Firm shall have no duty whatsoever to reveal or disclose any such attorney-client communications or files to Purchaser or the Target Companies by reason of any attorney-client relationship between Seller Group Law Firm and the Target Companies or otherwise. Notwithstanding the foregoing, if, after Closing, a dispute arises between Purchaser or Purchaser's Affiliates (including the Target Companies), on the one hand, and a third party other than any of the Seller Group, on the other hand, Purchaser and Purchaser's Affiliates (including the Target Companies) may assert the attorney-client privilege to prevent disclosure of confidential communications to such third party; provided, however, that neither Purchaser nor any of Purchaser's Affiliates (including the Target Companies) may waive such privilege without the prior written consent of the Seller Representative, which consent shall not be unreasonably withheld, conditioned or delayed. If Purchaser or any of Purchaser's Affiliates (including the Target Companies) is legally required by Governmental Order or otherwise legally required to access or obtain a copy of all or a portion of the Privileged Communications, to the extent (x) permitted by applicable Law, and (y) advisable in the opinion of Purchaser's counsel, then Purchaser shall immediately (and, in any event, within three (3) days notify Sellers in writing so that Sellers can seek a protective order at Sellers' sole cost and expense. In furtherance of the foregoing, each of the parties agrees that (A) no waiver is intended by failing to remove all Privileged Communications from the Target Companies' files and computer systems, and (B) after Closing the 84 parties will use commercially reasonable efforts to take the steps necessary to ensure the Privileged Communications are held and controlled by the Seller Group. Purchaser agrees that after Closing none of Purchaser, the Target Companies, or their Affiliates will (1) access or review the Privileged Communications in connection with any Action against or involving the Seller Group or (2) use or assert the Privileged Communications against the Seller Group in any Action against or involving the Seller Group. (c) The Purchaser and the Sellers agree that Allen Overy Shearman Sterling US LLP will be allowed to represent the Purchaser or any of its Affiliates (including each of the Target Companies after the Closing) in any matters and disputes, including in any matter or dispute adverse any of the Sellers or their respective Affiliates (excluding, after the Closing, the Target Companies) that either is existing on the date hereof or that arises in the future and relates to this Agreement or any Ancillary Document or any of the transactions contemplated hereby or thereby, and the Sellers do hereby, and agree to cause their respective Affiliates to, (i) waive any Action they have or may have that Allen Overy Shearman Sterling US LLP has a conflict of interest or is otherwise prohibited from engaging in such representation and (ii) agree that, in the event that a dispute arises after the Closing between the Purchaser or any of its Affiliates (including each of the Target Companies) (on the one hand) and any of the Sellers or any of their respective Affiliates (on the other hand), Allen Overy Shearman Sterling US LLP may represent the Purchaser or such Affiliate in such dispute even though the interests of the Purchaser or such Affiliate may be directly adverse to a Seller or its Affiliates. (d) This Section 7.14 is intended for the benefit of, and shall be enforceable by, Seller Group Law Firm and Allen Overy Shearman Sterling US LLP, as applicable. This Section 7.14 shall be irrevocable, and no term of this Section 7.14 may be amended, waived, or modified without the prior written consent of Seller Group Law Firm or Allen Overy Shearman Sterling US LLP, as applicable. [Signature Pages Follow]

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&nbsp;&nbsp;&nbsp;&nbsp;Equity Purchase Agreement (Project Hub City) Signature Page 1 of 4 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed effective as of the date first written above. SELLER: /s/ Steven M. Warren STEVEN M. WARREN SELLER REPRESENTATIVE: /s/ Steven M. Warren STEVEN M. WARREN Equity Purchase Agreement (Project Hub City) Signature Page 2 of 4 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed effective as of the date first written above. SELLER: LMS OF HATTIESBURG, L.P., by its general partner, WARREN MANAGEMENT, LLC By: /s/ Steven M. Warren Name: Steven M. Warren Title: President Equity Purchase Agreement (Project Hub City) Signature Page 3 of 4 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed effective as of the date first written above. SELLER: /s/ Melissa W. McGee MELISSA W. MCGEE Equity Purchase Agreement (Project Hub City) Signature Page 4 of 4 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed effective as of the date first written above. PURCHASER: GRANITE CONSTRUCTION INCORPORATED, a Delaware corporation By: /s/ Kyle T. Larkin Name: Kyle T. Larkin Title: President and Chief Executive Officer

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ANNEX A ACCOUNTING PRINCIPLES [Omitted]

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## Exhibit 10.1

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EXECUTION VERSION 207163075_10 Published CUSIP Numbers: Deal: 387329AP0 Revolver: 387329AQ8 Term: 387329AR6 FIFTH AMENDED AND RESTATED CREDIT AGREEMENT Dated as of August 5, 2025 among GRANITE CONSTRUCTION INCORPORATED, GRANITE CONSTRUCTION COMPANY and GILC INCORPORATED, as the Borrowers, BANK OF AMERICA, N.A., as Administrative Agent, Collateral Agent, Swing Line Lender and L/C Issuer, BMO BANK, N.A., PNC BANK NATIONAL ASSOCIATION and WELLS FARGO BANK, NATIONAL ASSOCIATION, as Co-Syndication Agents BARCLAYS BANK PLC, CAPITAL ONE, NATIONAL ASSOCIATION and U.S. BANK NATIONAL ASSOCIATION, as Co-Documentation Agents and the Other Lenders Party Hereto BofA SECURITIES, INC. and BANK OF MONTREAL, as Joint Lead Arrangers and Joint Bookrunners PNC CAPITAL MARKETS LLC and WELLS FARGO SECURITIES, LLC, as Joint Lead Arrangers -i- 207163075_10 **TABLE OF CONTENTS** Pages ARTICLE I DEFINITIONS AND ACCOUNTING TERMS ARTICLE ..................................... 1 1.01 Defined Terms ....................................................................................................... 1 1.02 Other Interpretive Provisions ............................................................................... 37 1.03 Accounting Terms ................................................................................................ 38 1.04 Rounding .............................................................................................................. 38 1.05 Exchange Rates; Currency Equivalents ............................................................... 38 1.06 Additional Alternative Currencies ....................................................................... 39 1.07 Change of Currency ............................................................................................. 39 1.08 Times of Day........................................................................................................ 40 1.09 Letter of Credit Amounts ..................................................................................... 40 1.10 Amendment and Restatement .............................................................................. 40 1.11 Interest Rates ........................................................................................................ 41 1.12 Limited Condition Acquisitions ........................................................................... 41 ARTICLE II THE COMMITMENTS AND CREDIT EXTENSIONS ...................................... 42 2.01 Loans .................................................................................................................... 42 2.02 Borrowings, Conversions and Continuations of Loans ....................................... 43 2.03 Letters of Credit ................................................................................................... 44 2.04 Swing Line Loans ................................................................................................ 53 2.05 Prepayments ......................................................................................................... 56 2.06 Termination or Reduction of Commitments ........................................................ 57 2.07 Repayment of Loans ............................................................................................ 58 2.08 Interest.................................................................................................................. 58 2.09 Fees ...................................................................................................................... 59 2.10 Computation of Interest and Fees; Retroactive Adjustments of Applicable Rate ...................................................................................................................... 60 2.11 Evidence of Debt.................................................................................................. 60 2.12 Payments Generally; Administrative Agent's Clawback .................................... 61 2.13 Sharing of Payments by Lenders ......................................................................... 63 2.14 Incremental Increases ........................................................................................... 63 2.15 Cash Collateral ..................................................................................................... 68 2.16 Defaulting Lenders ............................................................................................... 69 ARTICLE III TAXES, YIELD PROTECTION AND ILLEGALITY ........................................ 71 3.01 Taxes .................................................................................................................... 71 3.02 Illegality ............................................................................................................... 75 3.03 Inability to Determine Rates. ............................................................................... 76 3.04 Increased Costs. ................................................................................................... 77 3.05 Compensation for Losses ..................................................................................... 79 3.06 Mitigation Obligations; Replacement of Lenders. ............................................... 79 3.07 Survival ................................................................................................................ 80 ARTICLE IV CONDITIONS PRECEDENT TO CREDIT EXTENSIONS .............................. 80 **TABLE OF CONTENTS** (continued) Page -ii- 207163075_10 4.01 Conditions to Effectiveness and Initial Credit Extension .................................... 80 4.02 Conditions to all Credit Extensions ..................................................................... 82 ARTICLE V REPRESENTATIONS AND WARRANTIES ...................................................... 83 5.01 Existence, Qualification and Power ..................................................................... 83 5.02 Authorization; No Contravention ........................................................................ 83 5.03 Governmental Authorization; Other Consents ..................................................... 83 5.04 Binding Effect ...................................................................................................... 84 5.05 Financial Statements; No Material Adverse Effect. ............................................ 84 5.06 Litigation .............................................................................................................. 84 5.07 No Default ............................................................................................................ 84 5.08 Ownership of Property; Liens .............................................................................. 84 5.09 Environmental Compliance ................................................................................. 85 5.10 Insurance .............................................................................................................. 85 5.11 Taxes .................................................................................................................... 85 5.12 ERISA Compliance .............................................................................................. 86 5.13 Subsidiaries; Equity Interests ............................................................................... 87 5.14 Margin Regulations; Investment Company Act. ................................................. 87 5.15 Disclosure ............................................................................................................ 87 5.16 Intellectual Property; Licenses, Etc ..................................................................... 87 5.17 Swap Contracts .................................................................................................... 87 5.18 Labor Relations .................................................................................................... 87 5.19 Solvency ............................................................................................................... 87 5.20 Taxpayer Identification Number .......................................................................... 88 5.21 Representations as to Foreign Obligors ............................................................... 88 5.22 OFAC ................................................................................................................... 88 5.23 Security Instruments ............................................................................................ 88 5.24 Anti-Corruption Laws .......................................................................................... 89 5.25 Not an Affected Financial Institution .................................................................. 89 5.26 Beneficial Ownership ........................................................................................... 89 5.27 Covered Entities ................................................................................................... 89 5.28 Outbound Investment Rules ................................................................................. 89 ARTICLE VI AFFIRMATIVE COVENANTS .......................................................................... 89 6.01 Financial Statements ............................................................................................ 89 6.02 Certificates; Other Information ............................................................................ 90 6.03 Notices ................................................................................................................. 91 6.04 Payment of Obligations ........................................................................................ 92 6.05 Preservation of Existence, Etc ............................................................................. 92 6.06 Maintenance of Properties ................................................................................... 92 6.07 Maintenance of Insurance .................................................................................... 93 6.08 Compliance with Laws ........................................................................................ 93 6.09 Books and Records .............................................................................................. 93 **TABLE OF CONTENTS** (continued) Page -iii- 207163075_10 6.10 Inspection Rights ................................................................................................. 93 6.11 Environmental Laws ............................................................................................ 93 6.12 Use of Proceeds .................................................................................................... 94 6.13 Anti-Corruption Laws .......................................................................................... 94 6.14 New Material Subsidiaries; Additional Guarantors; After-Acquired Real Property; Release of Collateral. ........................................................................... 94 6.15 Appraisals ............................................................................................................ 95 6.16 Post-Closing Matters ............................................................................................ 96 ARTICLE VII NEGATIVE COVENANTS ................................................................................ 96 7.01 Liens ..................................................................................................................... 96 7.02 Investments .......................................................................................................... 98 7.03 Indebtedness ....................................................................................................... 100 7.04 Fundamental Changes ........................................................................................ 103 7.05 Dispositions........................................................................................................ 103 7.06 Sanctions ............................................................................................................ 105 7.07 Restricted Payments ........................................................................................... 105 7.08 Change in Nature of Business ............................................................................ 107 7.09 Transactions with Affiliates ............................................................................... 107 7.10 Burdensome Agreements ................................................................................... 107 7.11 Use of Proceeds .................................................................................................. 108 7.12 Financial Covenants ........................................................................................... 108 7.13 Anti-Corruption Laws ........................................................................................ 108 7.14 Outbound Investment Rules ............................................................................... 108 ARTICLE VIII EVENTS OF DEFAULT AND REMEDIES .................................................. 108 8.01 Events of Default ............................................................................................... 108 8.02 Remedies Upon Event of Default ...................................................................... 110 8.03 Application of Funds.......................................................................................... 111 ARTICLE IX ADMINISTRATIVE AGENT ............................................................................ 112 9.01 Appointment and Authority ............................................................................... 112 9.02 Rights as a Lender .............................................................................................. 112 9.03 Exculpatory Provisions ...................................................................................... 112 9.04 Reliance by Administrative Agent ..................................................................... 113 9.05 Delegation of Duties .......................................................................................... 114 9.06 Resignation of Administrative Agent ................................................................ 114 9.07 Non-Reliance on the Administrative Agent, the Arrangers and the Other Lenders ............................................................................................................... 115 9.08 No Other Duties, Etc .......................................................................................... 116 9.09 Administrative Agent May File Proofs of Claim ............................................... 116 9.10 Collateral and Guaranty Matters ........................................................................ 117

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**TABLE OF CONTENTS** (continued) Page -iv- 207163075_10 9.11 Secured Cash Management Agreements, Secured Hedge Agreements, Secured Card Related Products Agreements and Secured Bilateral Letters of Credit ............................................................................................................. 118 9.12 Lender ERISA Status ......................................................................................... 119 9.13 Recovery of Erroneous Payments ...................................................................... 120 ARTICLE X MISCELLANEOUS ............................................................................................ 120 10.01 Amendments, Etc ............................................................................................... 120 10.02 Notices; Effectiveness; Electronic Communication .......................................... 122 10.03 No Waiver; Cumulative Remedies; Enforcement .............................................. 124 10.04 Expenses; Indemnity; Damage Waiver .............................................................. 125 10.05 Payments Set Aside............................................................................................ 127 10.06 Successors and Assigns ...................................................................................... 127 10.07 Treatment of Certain Information; Confidentiality ............................................ 131 10.08 Right of Setoff.................................................................................................... 132 10.09 Interest Rate Limitation ..................................................................................... 133 10.10 Integration; Effectiveness .................................................................................. 133 10.11 Survival of Representations and Warranties ...................................................... 133 10.12 Severability ........................................................................................................ 133 10.13 Replacement of Lenders .................................................................................... 134 10.14 Governing Law; Jurisdiction; Etc. ..................................................................... 135 10.15 Arbitration and Waiver of Jury Trial ................................................................. 135 10.16 California Judicial Reference ............................................................................. 137 10.17 No Advisory or Fiduciary Responsibility .......................................................... 137 10.18 Electronic Execution; Electronic Records; Counterparts .................................. 137 10.19 USA PATRIOT Act ........................................................................................... 138 10.20 Judgment Currency ............................................................................................ 138 10.21 Keepwell ............................................................................................................ 139 10.22 Acknowledgement and Consent to Bail-In of Affected Financial Institutions.......................................................................................................... 139 10.23 Acknowledgement Regarding Any Supported QFCs ........................................ 140 -v- 207163075_10 SCHEDULES 1.01(e) Existing Letters of Credit 1.01(g) Guarantors 2.01 Commitments and Applicable Percentages 5.05(d) Project Debt 5.06 Litigation 5.09 Environmental Matters 5.13 Subsidiaries and Other Equity Investments 5.16 Intellectual Property Matters 6.16 Post-Closing Matters 7.01 Existing Liens 7.01(x) Secured Bilateral Letters of Credit 7.02(a) Existing Investments 7.02(b) Investment Policy 7.02(g) Investments by any GLC Venture 7.03 Existing Indebtedness 7.03(m)(i) Project Debt Outstanding 7.09 Transactions with Affiliates 10.02 Administrative Agent's Office; Certain Addresses for Notices EXHIBITS Form of A Loan Notice B Swing Line Loan Notice C-1 Revolving Credit Note C-2 Term Note D Compliance Certificate E Assignment and Assumption F Guaranty G Pledge Agreement H Security Agreement I U.S. Tax Compliance Certificates 1 207163075_10 FIFTH AMENDED AND RESTATED CREDIT AGREEMENT This FIFTH AMENDED AND RESTATED CREDIT AGREEMENT (this "Agreement") is entered into as of August 5, 2025, among GRANITE CONSTRUCTION INCORPORATED, a Delaware corporation (the "Company" and a "Borrower"), GRANITE CONSTRUCTION COMPANY, a California corporation ("GCC" and a "Borrower"), GILC INCORPORATED, a California corporation ("GILC" and a "Borrower", and together with Company and GCC, collectively, the "Borrowers"), each lender from time to time party hereto (collectively, the "Lenders" and individually, a "Lender"), and BANK OF AMERICA, N.A., as Administrative Agent, Collateral Agent, Swing Line Lender and L/C Issuer. The Borrowers, the lenders party thereto (the "Existing Lenders") and Bank of America, N.A., as administrative agent, are parties to that certain Fourth Amended and Restated Credit Agreement dated as of June 2, 2022 (as amended, restated, supplemented or otherwise modified from time to time prior to the date hereof, the "Existing Credit Agreement"), pursuant to which such Existing Lenders originally agreed to provide the Borrowers with a revolving credit facility, including a swing line subfacility, multicurrency letter of credit subfacility, and term loan facility. The Borrowers have requested that the Existing Credit Agreement be amended and restated in order to, among other things, extend the maturity date, provide for a revolving credit facility, provide for a term loan facility (with a delayed draw feature) and make certain other amendments to the Existing Credit Agreement (the "Restatement"), and the Lenders and the Administrative Agent are willing to do so on the terms and conditions set forth herein. In consideration of the mutual covenants and agreements herein contained, the parties hereto covenant and agree as follows: ARTICLE I DEFINITIONS AND ACCOUNTING TERMS ARTICLE 1.01 Defined Terms. As used in this Agreement, the following terms shall have the meanings set forth below: "80% Threshold" has the meaning set forth in the definition of "Material Subsidiary". "Acquisition" means any transaction or series of related transactions for the purpose of or resulting, directly or indirectly, in (a) the acquisition of the assets of a Person, or of any business or division of a Person (other than a Person that is a Subsidiary), (b) the acquisition of the capital stock, partnership interests, membership interests or equity of any Person (other than a Person that is a Subsidiary), whether or not causing any Person to become a Subsidiary, or (c) a merger or consolidation or any other combination with another Person. "Act" means USA PATRIOT Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)). "Additional Lender" means, as of any date of determination, any Person (other than an existing Lender) that qualifies as an Eligible Assignee and agrees to be a Lender under this Agreement in connection with any Incremental Increase under Section 2.14. "Administrative Agent" means Bank of America (or any of its designated branch offices or affiliates) in its capacity as administrative agent under any of the Loan Documents, or any successor administrative agent. 2 207163075_10 "Administrative Agent's Office" means, with respect to any currency, the Administrative Agent's address and, as appropriate, account as set forth on Schedule 10.02 with respect to such currency, or such other address or account with respect to such currency as the Administrative Agent may from time to time notify the Company and the Lenders. "Administrative Questionnaire" means an Administrative Questionnaire in a form approved by the Administrative Agent. "Affected Financial Institution" means (a) any EEA Financial Institution or (b) any UK Financial Institution. "Affiliate" means, with respect to any Person, another Person that directly, or indirectly through one or more intermediaries, Controls or is Controlled by or is under common Control with the Person specified. "Aggregate Commitments" means the Commitments of all the Lenders. "Agreement" means this Fifth Amended and Restated Credit Agreement. "Alternative Currency" means each of Canadian Dollars, Euro, Mexican Pesos, Sterling, Yen and each other currency (other than Dollars) that is approved in accordance with Section 1.06. "Alternative Currency Equivalent" means, at any time, with respect to any amount denominated in Dollars, the equivalent amount thereof in the applicable Alternative Currency as determined by the Administrative Agent or the L/C Issuer, as the case may be, by reference to Bloomberg (or such other publicly available service for displaying exchange rates), to be the exchange rate for the purchase of such Alternative Currency with Dollars at approximately 8:00 a.m. on the date two (2) Business Days prior to the date as of which the foreign exchange computation is made; provided, however, that if no such rate is available, the "Alternative Currency Equivalent" shall be determined by the Administrative Agent or the L/C Issuer, as the case may be, using any reasonable method of determination its deems appropriate in its sole discretion (and such determination shall be conclusive absent manifest error). "Applicable Law" means, as to any Person, all applicable Laws binding upon such Person or to which such a Person is subject. "Applicable Percentage" means (a) in respect of the Term Facility, with respect to any Term Lender at any time, the percentage (carried out to the ninth decimal place) of the Term Facility represented by (i) at any time during the Availability Period in respect of such Facility, such Term Lender's Term Commitment at such time, and (ii) thereafter, the principal amount of such Term Lender's Term Loans at such time plus such Term Lender's undrawn Term Commitment (if any) at such time, and (b) in respect of the Revolving Credit Facility, with respect to any Revolving Credit Lender at any time, the percentage (carried out to the ninth decimal place) of the Revolving Credit Facility represented by such Revolving Credit Lender's Revolving Credit Commitment at such time, subject to adjustment as provided in Section 2.16. If the commitment of each Revolving Credit Lender to make Revolving Credit Loans and the obligation of the L/C Issuer to make L/C Credit Extensions have been terminated pursuant to Section 8.02, or if the Revolving Credit Commitments have expired, then the Applicable Percentage of each Revolving Credit Lender in respect of the Revolving Credit Facility shall be determined based on the Applicable Percentage of such Revolving Credit Lender in respect of the Revolving Credit Facility most recently in effect, giving effect to any subsequent assignments and to any Revolving Credit Lender's status as a Defaulting Lender at the time of determination. The initial Applicable Percentage of each Lender is set forth opposite the

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&nbsp;&nbsp;&nbsp;&nbsp;3 207163075_10 name of such Lender on Schedule 2.01 or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable. "Applicable Rate" means (a) (i) for the Revolving Credit Facility, from the Closing Date to the first Business Day immediately following the date of delivery (the "Revolving Delivery Date") of the Compliance Certificate for the fiscal quarter ending March 31, 2026, the following percentages per annum based on Pricing Level 4, and (ii) for the Term Facility, from the Closing Date to the first Business Day immediately following the date of delivery of the Compliance Certificate for the fiscal quarter ending March 31, 2026 (the "Term Loan Delivery Date"), the following percentages per annum based on Pricing Level 4 and (b) from the first Business Day immediately following the Revolving Delivery Date or the Term Loan Delivery Date (as applicable) and from time to time thereafter, the following percentages per annum, based upon the Consolidated Leverage Ratio as set forth in the most recent Compliance Certificate received by the Administrative Agent pursuant to Section 6.02(b): Applicable Rate for Revolving Credit Facility Pricing Level Consolidated Leverage Ratio Commitment Fee Applicable Rate for Term SOFR Loans and Financial Letter of Credit Fee Applicable Rate for Performance Letter of Credit Fee Applicable Rate for Base Rate Loans 1 Less than 1.50 to 1.00 0.175% 1.250% 0.833% 0.250% 2 Greater than or equal to 1.50 to 1.00 but less than 2.00 to 1.00 0.200% 1.500% 1.000% 0.500% 3 Greater than or equal to 2.00 to 1.00 but less than 2.50 to 1.00 0.250% 1.625% 1.050% 0.625% 4 Greater than or equal to 2.50 to 1.00 but less than 3.25 to 1.00 0.300% 1.750% 1.200% 0.750% 5 Greater than or equal to 3.25 to 1.00 0.350% 2.000% 1.350% 1.000% Applicable Rate for Term Facility Pricing Level Consolidated Leverage Ratio Ticking Fee Applicable Rate for Term SOFR Loans Applicable Rate for Base Rate Loans 1 Less than 1.50 to 1.00 0.175% 1.250% 0.250% 4 207163075_10 2 Greater than or equal to 1.50 to 1.00 but less than 2.00 to 1.00 0.200% 1.500% 0.500% 3 Greater than or equal to 2.00 to 1.00 but less than 2.50 to 1.00 0.250% 1.625% 0.625% 4 Greater than or equal to 2.50 to 1.00 but less than 3.25 to 1.00 0.300% 1.750% 0.750% 5 Greater than or equal to 3.25 to 1.00 0.350% 2.000% 1.000% Any increase or decrease in the Applicable Rate resulting from a change in the Consolidated Leverage Ratio shall become effective as of the first Business Day immediately following the date a Compliance Certificate is delivered pursuant to Section 6.02(b); provided, however, that if a Compliance Certificate is not delivered when due in accordance with such Section, then, upon the request of the Required Lenders, Pricing Level 5 shall apply as of the first Business Day after the date on which such Compliance Certificate was required to have been delivered and shall remain in effect until the date on which such Compliance Certificate is delivered. Notwithstanding anything to the contrary contained in this definition, the determination of the Applicable Rate for any period shall be subject to the provisions of Section 2.10(b). "Applicable Revolving Credit Percentage" means with respect to any Revolving Credit Lender at any time, such Revolving Credit Lender's Applicable Percentage in respect of the Revolving Credit Facility at such time. "Applicable Term Facility Percentage" means with respect to any Term Lender at any time, such Term Lender's Applicable Percentage in respect of the Term Facility at such time. "Appropriate Lender" means, at any time, (a) with respect to any of the Term Facility or the Revolving Credit Facility, a Lender that has a Commitment with respect to such Facility or holds a Term Loan or a Revolving Credit Loan, respectively, at such time, (b) with respect to the Letter of Credit Sublimit, (i) the L/C Issuer and (ii) if any Letters of Credit have been issued pursuant to Section 2.03(a), the Revolving Credit Lenders and (c) with respect to the Swing Line Sublimit, (i) the Swing Line Lender and (ii) if any Swing Line Loans are outstanding pursuant to Section 2.04(a), the Revolving Credit Lenders. "Approved Fund" means any Fund that is administered or managed by (a) a Lender, (b) an Affiliate of a Lender or (c) an entity or an Affiliate of an entity that administers or manages a Lender. "Arrangers" means (a) BofA Securities, Inc. and Bank of Montreal, and their respective successors, each in its capacity as a joint lead arranger and joint bookrunner and (b) PNC Capital Markets LLC and Wells Fargo Securities, LLC, and their respective successors, each in its capacity as a joint lead arranger. 5 207163075_10 "Assignment and Assumption" means an assignment and assumption entered into by a Lender and an Eligible Assignee (with the consent of any party whose consent is required by Section 10.06(b)), and accepted by the Administrative Agent, in substantially the form of Exhibit E or any other form (including electronic documentation generated by use of an electronic platform) approved by the Administrative Agent. "Attributable Indebtedness" means, on any date, (a) in respect of any capital lease of any Person, the capitalized amount thereof that would appear as a liability on a balance sheet of such Person prepared as of such date in accordance with GAAP, and (b) in respect of any Synthetic Lease Obligation, the capitalized amount of the remaining lease payments under the relevant lease that would appear as a liability on a balance sheet of such Person prepared as of such date in accordance with GAAP if such lease were accounted for as a capital lease. "Audited Financial Statements" means the audited consolidated balance sheet of the Company and its Subsidiaries for the fiscal year ended December 31, 2024, and the related consolidated statements of income or operations, shareholders' equity and cash flows for such fiscal year of the Company and its Subsidiaries, including the notes thereto. "Availability Period" means, (a) in respect of the Revolving Credit Facility, the period from and including the Closing Date to the earliest of (i) the Maturity Date, (ii) the date of termination of the Revolving Credit Commitments pursuant to Section 2.06, and (iii) the date of termination of the commitment of each Revolving Credit Lender to make Revolving Credit Loans and of the obligation of the L/C Issuer to make L/C Credit Extensions pursuant to Section 8.02 and (b) in respect of the Term Facility, the period from and including the Closing Date to the earliest of (i) the date that falls six months after the Closing Date, (ii) the Maturity Date for the Term Facility, (iii) the date of termination of the unused Term Commitments pursuant to Section 2.06(a) and (iv) the date of termination of the commitments of the respective Term Lenders to make Term Loans pursuant to Section 8.02. "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, rule, 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). "Bank of America" means Bank of America, N.A. and its successors. "Bankruptcy Code" means the federal Bankruptcy Reform Act of 1978 (11 U.S.C. §101 et seq.). "Base Rate" means for any day a fluctuating rate of interest per annum equal to the highest of (a) the Federal Funds Rate plus 1/2 of 1%, (b) the rate of interest in effect for such day as publicly announced from time to time by Bank of America as its "prime rate", (c) Term SOFR plus 1.00%, and (d) 1.00%. The "prime rate" is a rate set by Bank of America based upon various factors including Bank of America's costs and desired return, general economic conditions and other factors, and is used as a reference point for pricing some loans, which may be priced at, above, or below such announced rate. Any change in such prime rate announced by Bank of America shall take effect at the opening of business on the day specified 6 207163075_10 in the public announcement of such change. If the Base Rate is being used as an alternate rate of interest pursuant to Section 3.03, then the Base Rate shall be the greater of clauses (a), (b) and (d) above and shall be determined without reference to clause (c) above. "Base Rate Loan" means a Loan that bears interest based on the Base Rate. "Base Rate Revolving Loan" means a Revolving Credit Loan that is a Base Rate Loan. "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. "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". "Borrowers" has the meaning specified in the introductory paragraph hereto. All singular references to the Borrower shall mean any Borrower, each Borrower, the Borrower that has received a Credit Extension hereunder or all of the Borrowers, as the context may require. "Borrower Materials" has the meaning specified in Section 6.02. "Borrowing" means a Revolving Credit Borrowing, a Swing Line Borrowing or a Term Borrowing, as the context may require. "Business Day" means any day other than a Saturday, Sunday or other day on which commercial banks are authorized to close under the Laws of, or are in fact closed in, the state where the Administrative Agent's Office is located. "Canadian Dollar" means the lawful currency of Canada. "Card Related Products Agreement" means any agreement to provide credit, purchasing, debit and other credit related card arrangements. "Card Related Products Bank" means any Person that, (a) at the time it enters into a Card Related Products Agreement, is a Lender or an Affiliate of a Lender that has executed and delivered to the Administrative Agent a letter of undertaking in the form approved by the Administrative Agent, or (b) is party to a Card Related Products Agreement on the date that such Person or its Affiliate becomes a Lender, in each case in its capacity as a party to such Card Related Products Agreement. "Carry Forward Amount" has the meaning specified in Section 7.07(f). "Cash Collateralize" means to pledge and deposit with or deliver to the Administrative Agent, for the benefit of one or more of the L/C Issuer or the Lenders, as collateral for L/C Obligations or obligations of the Lenders to fund participations in respect of L/C Obligations, cash or deposit account balances or, if the Administrative Agent and the L/C Issuer shall agree in their sole discretion, other credit support, in each case pursuant to documentation in form and substance satisfactory to the Administrative Agent and the L/C Issuer. "Cash Collateral" shall have a meaning correlative to the foregoing and shall include the proceeds of such cash collateral and other credit support.

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&nbsp;&nbsp;&nbsp;&nbsp;7 207163075_10 "Cash Management Agreement" means any agreement that is not prohibited by the terms hereof to provide cash management services, including treasury, depository, overdraft, electronic funds transfer and other cash management arrangements. "Cash Management Bank" means any Person in its capacity as a party to a Cash Management Agreement that, (a) at the time it enters into a Cash Management Agreement with a Loan Party, is a Lender or an Affiliate of a Lender that has executed and delivered to the Administrative Agent a letter of undertaking in the form approved by the Administrative Agent, or (b) at the time it (or its Affiliate) becomes a Lender, is a party to a Cash Management Agreement with a Loan Party, in each case in its capacity as a party to such Cash Management Agreement (even if such Person ceases to be a Lender or such Person's Affiliate ceased to be a Lender); provided, however, that for any of the foregoing to be included as a "Secured Cash Management Agreement" on any date of determination by the Administrative Agent, the applicable Cash Management Bank (other than the Administrative Agent or an Affiliate of the Administrative Agent) must have delivered a written notice to the Administrative Agent prior to such date of determination. "Change in Law" means the occurrence, after the date of this Agreement, of any of the following: (a) the adoption or taking effect of any law, rule, regulation or treaty, (b) any change in any law, rule, regulation or treaty or in the administration, interpretation, implementation or application thereof by any Governmental Authority or (c) the making or issuance of any request, rule, guideline or directive (whether or not having the force of law) by any Governmental Authority; provided that notwithstanding anything herein to the contrary, (x) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, guidelines or directives thereunder or issued in connection therewith or in the implementation thereof and (y) all requests, rules, guidelines or directives promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the United States or foreign regulatory authorities, in each case pursuant to Basel III, shall in each case be deemed to be a "Change in Law", regardless of the date enacted, adopted, issued or implemented. "Change of Control" means an event or series of events by which: (a) any "person" or "group" (as such terms are used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, but excluding any employee benefit plan of such person or its subsidiaries, and any person or entity acting in its capacity as trustee, agent or other fiduciary or administrator of any such plan) becomes the "beneficial owner" (as defined in Rules 13d-3 and 13d-5 under the Securities Exchange Act of 1934, except that a person or group shall be deemed to have "beneficial ownership" of all securities that such person or group has the right to acquire, whether such right is exercisable immediately or only after the passage of time (such right, an "option right")), directly or indirectly, of 35% or more of the equity securities of the Company entitled to vote for members of the board of directors or equivalent governing body of the Company on a fully-diluted basis (and taking into account all such securities that such person or group has the right to acquire pursuant to any option right); or (b) during any period of 12 consecutive months, a majority of the members of the board of directors or other equivalent governing body of the Company cease to be composed of individuals (i) who were members of that board or equivalent governing body on the first day of such period, (ii) whose election or nomination to that board or equivalent governing body was approved by individuals referred to in clause (i) above constituting at the time of such election or nomination at least a majority of that board or equivalent governing body or (iii) whose election or nomination to that board or other equivalent governing body was approved by individuals referred to in clauses (i) and (ii) above constituting at the time of such election or nomination at least a majority of that board or equivalent governing body. 8 207163075_10 "Class" when used in reference to any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing, are Revolving Credit Loans or Term Loans and, when used in reference to any Commitment, refers to whether such Commitment is a Revolving Credit Commitment or Term Commitment. "Closing Date" means the first date all the conditions precedent in Section 4.01 are satisfied or waived in accordance with Section 10.01. "CME" means CME Group Benchmark Administration Limited. "Code" means the Internal Revenue Code of 1986, as amended. "Collateral" means, collectively, all property (exclusive of real property) of each Borrower, each Guarantor or any other Person in which the Collateral Agent or any Lender is granted a Lien under any Security Instrument as security for all or any portion of the Obligations. Notwithstanding anything to the contrary contained herein or in any other Loan Document, the Collateral shall not include any property that would otherwise constitute a general intangible to the extent that the grant of a security interest in such property is prohibited by any requirement of Law of a Governmental Authority, requires a consent not obtained from any Governmental Authority pursuant to such requirement of Law or is prohibited by, or constitutes a breach or default under or results in the termination of or requires any consent not obtained under, any contract, license, permit, agreement, instrument or other document evidencing or giving rise to such property or, in the case of any investment property, any applicable shareholder, joint venture or similar agreement, except in each case to the extent that such requirement of Law or the term in such contract, license, agreement, instrument or other document or shareholder, joint venture or similar agreement providing for such prohibition, breach, default or termination or requiring such consent is ineffective under Applicable Law; provided that this exclusion shall not apply to capital stock in Joint Ventures or Subsidiaries acquired or created after the Closing Date unless after reasonable best efforts the relevant Borrower or Guarantor is unable either to avoid the conditions set forth in this exclusion or to obtain consents, waivers or approvals thereof. "Collateral Agent" means Bank of America in its capacity as Collateral Agent under the Loan Documents pursuant to Section 9.10, or any successor collateral agent. "Commitment" means a Term Commitment or a Revolving Credit Commitment, as the context may require. "Commodity Exchange Act" means the Commodity Exchange Act (7 U.S.C. § 1 et seq.), as amended from time to time, and any successor statute. "Common Stock" means the common stock, par value $0.01 per share, of the Company. "Communication" means this Agreement, any Loan Document and any document, amendment, approval, consent, information, notice, certificate, request, statement, disclosure or authorization related to any Loan Document. "Company" has the meaning specified in the introductory paragraph hereto. "Compliance Certificate" means a certificate substantially in the form of Exhibit D. "Conforming Changes" means, with respect to the use, administration of or any conventions associated with SOFR or any proposed Successor Rate or Term SOFR, as applicable, any conforming 9 207163075_10 changes to the definition of "Base Rate", the definition of "SOFR", the definition of "Term SOFR", the definition of "Interest Period", timing and frequency of determining rates and making payments of interest and other technical, administrative or operational matters (including, for the avoidance of doubt, the definitions of "Business Day" and "U.S. Government Securities Business Day", timing of borrowing requests or prepayment, conversion or continuation notices and length of lookback periods) as may be appropriate, in the discretion of the Administrative Agent, to reflect the adoption and implementation of such applicable rate(s), and to permit the administration thereof by the Administrative Agent in a manner substantially consistent with market practice (or, if the Administrative Agent determines that adoption of any portion of such market practice is not administratively feasible or that no market practice for the administration of such rate exists, in such other manner of administration as the Administrative Agent determines is reasonably necessary in connection with the administration of this Agreement and any other Loan Document). "Connection Income Taxes" means Other Connection Taxes that are imposed on or measured by net income (however denominated) or that are franchise Taxes or branch profits Taxes. "Consolidated Cash Taxes" means, for any Subject Period, for the Company and its Subsidiaries on a consolidated basis (excluding, however, any Project Debt Entity), the aggregate of all taxes actually paid by such Persons in cash during such period. "Consolidated EBITDA" means, for any Subject Period, for the Company and its Subsidiaries on a consolidated basis (excluding, however, any Project Debt Entity), an amount equal to Consolidated Net Income for such period plus Consolidated Cash Taxes for such period and the following to the extent deducted in calculating such Consolidated Net Income: (a) Consolidated Interest Expense for such period, (b) depreciation and amortization expense for such period, (c) any non-cash charges for such period including, but not limited to, (i) non-cash expenses related to stock and equity options, (ii) non-cash expenses related to an Acquisition, and (iii) non-cash impairment charges (excluding any such non-cash charges that represent the accrual of, or reserve for, anticipated cash charges in any future period), (d) one- time, non-recurring cash fees and expenses for all (A) Acquisitions, related to cost savings, restructuring, severance, integration, or consolidation related to an Acquisition, (B) incurrences of Permitted Convertible Indebtedness and Permitted Call Spread Transactions and (C) divestiture expenses and, with respect to clauses (A), (B) and (C) to include without limitation advisory, legal, financing, and consulting fees related to an Acquisition, divestiture or the incurrence of Permitted Convertible Indebtedness and Permitted Call Spread Transactions, incurred during such Subject Period in connection with the signing of a definitive agreement or an offering, as applicable, (e) gains or losses, as applicable, from the sale of equipment and real property, not to exceed $10,000,000 for all such sales during such Subject Period, and (f) cost savings, expense reductions, operating improvements, integration savings and synergies (excluding revenue synergies) (calculated on a pro forma basis as though such items had been realized on the first day of such Subject Period), in each case, projected by the Company in good faith to be realized as a result, and within 18 months, of, or of actions taken or to be taken in connection with, any permitted mergers and other business combinations, Acquisitions, asset sales, Investments, restructurings and cost savings initiatives; provided that (1) such synergies shall be calculated net of the amount of actual benefits realized during such period from such actions, (2) such synergies are reasonably identifiable, factually supportable and are disclosed to the Administrative Agent pursuant to a certificate of an Responsible Officer of the Company prior to adding to Consolidated EBITDA, (3) no synergies shall be added to Consolidated EBITDA pursuant to this clause (f) to the extent duplicative of any expenses or charges relating to such synergies that are otherwise included in this definition, and (4) in no event shall the aggregate amount added to Consolidated EBITDA under this clause (f) exceed 15% of Consolidated EBITDA of the Company and its Subsidiaries in any Subject Period. 10 207163075_10 "Consolidated Funded Indebtedness" means, as of any date of determination, for the Company and its Subsidiaries on a consolidated basis, the sum of (a) the outstanding principal amount of all obligations, whether current or long-term, for borrowed money (including Obligations hereunder) and all obligations evidenced by bonds, debentures, notes, loan agreements or other similar instruments, with or without recourse, but not including Project Debt, plus (b) Attributable Indebtedness in respect of capital leases, Synthetic Lease Obligations and sale-leaseback transactions, but not including Project Debt, plus (c) without duplication, all Guarantee Obligations with respect to Indebtedness of the types specified in subsections (a) and (b) above of Persons other than any Borrower or any Subsidiary. "Consolidated Interest Coverage Ratio" means, as of any date of determination, the ratio of (a) Consolidated EBITDA, measured for the Subject Period ending on such date, to (b) Consolidated Interest Expense, measured for the Subject Period ending on such date. "Consolidated Interest Expense" means, for any Subject Period, for the Company and its Subsidiaries on a consolidated basis, the sum of (a) all interest, premium payments, fees, charges and related expenses of the Company and its Subsidiaries in connection with borrowed money (including capitalized interest) or in connection with the deferred purchase price of assets, in each case to the extent treated as interest in accordance with GAAP, plus (b) the portion of rent expense of the Company and its Subsidiaries with respect to such period under capital leases that is treated as interest in accordance with GAAP and the portion of Synthetic Lease Obligations payable by the Company and its Subsidiaries with respect to such period that would be treated as interest in accordance with GAAP if such lease were treated as a capital lease under GAAP; excluding for purposes of clause (a) and (b) hereof, such amounts in respect of Project Debt. "Consolidated Leverage Ratio" means, as of any date of determination, the ratio of (a) Consolidated Funded Indebtedness as of such date to (b) Consolidated EBITDA, measured for the Subject Period ending on or most recently ended prior to such date. "Consolidated Net Income" means, for any Subject Period, for the Company and its Subsidiaries on a consolidated basis, the net income of the Company and its Subsidiaries from continuing operations, excluding extraordinary items and excluding gains and losses from Dispositions for that period; not including, however, net income in respect of or attributable to any Project Debt Entity unless and until such net income has been received by a Borrower or Subsidiary (other than a Project Debt Entity) in the form of dividends or similar distributions. "Consolidated Secured Leverage Ratio" means, as of any date of determination, the ratio of (a) all Consolidated Funded Indebtedness as of such date that is secured by a Lien on any asset of the Company or any Subsidiary to (b) Consolidated EBITDA, measured for the Subject Period ending on or most recently ended prior to such date. "Construction JV" means any Joint Venture entered into by the Company or any of its Subsidiaries, initially, with any one or more other Persons in the Ordinary Course of Business solely for purposes of undertaking or completing a construction project; provided that a Construction JV shall not be deemed to cease being a Construction JV after the withdrawal or buy-out of such other Person(s) from the Joint Venture or the purchase, acquisition or redemption of such other Person's interest in such Joint Venture. "Construction JV Investments" means Investments in any Construction JV arising upon any initial capital contribution to or subsequent capital contribution in such Construction JV, and participated in ratably by all then existing co-joint venturers having an interest in such Construction JV, solely for purposes of undertaking or completing a construction project and Investments arising in connection with the purchase, acquisition, redemption or buy-out of another co-joint venturer's interest in such Construction

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&nbsp;&nbsp;&nbsp;&nbsp;11 207163075_10 JV; provided Construction JV Investments shall not include the incurrence, directly or indirectly, of any Guarantee Obligation by the Company or any of its Subsidiaries (other than contingent obligations not for borrowed money, including bid, performance or similar project related bonds and parent company performance guarantees). "Contingent Acquisition Obligation" means those contingent obligations (including, without limitation, purchase price adjustments, indemnification obligations and "earnouts") of a Borrower or Subsidiary incurred in favor of a seller (or other third party entitled thereto) under or with respect to any Acquisition or Investment permitted hereunder. "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. "Covered Entity" has the meaning specified in Section 10.23. "Covered Party" has the meaning specified in Section 10.23. "Credit Extension" means each of the following: (a) a Borrowing and (b) an L/C Credit Extension. "Daily Simple SOFR" with respect to any applicable determination date means the SOFR published on such date on the Federal Reserve Bank of New York's website (or any successor source). "Debtor Relief Laws" means the Bankruptcy Code of the United States, and all other liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief Laws of the United States or other applicable jurisdictions from time to time in effect. "Default" means any event or condition that constitutes an Event of Default or that, with the giving of any notice, the passage of time, or both, would be an Event of Default. "Default Rate" means (a) when used with respect to Obligations other than Letter of Credit Fees, an interest rate equal to (i) the Base Rate plus (ii) the Applicable Rate, if any, applicable to Base Rate Loans plus (iii) 2% per annum; provided, however, that with respect to a Term SOFR Loan, the Default Rate shall be an interest rate equal to the interest rate (including any Applicable Rate) otherwise applicable to such Loan plus 2% per annum, and (b) when used with respect to Letter of Credit Fees, a rate equal to the Applicable Rate plus 2% per annum. "Defaulting Lender" means, subject to Section 2.16(b), any Lender that (a) has failed to (i) fund all or any portion of its Loans within two Business Days of the date such Loans were required to be funded hereunder unless such Lender notifies the Administrative Agent and the Company in writing that such failure is the result of such Lender's determination that one or more conditions precedent to funding (each of which conditions precedent, together with any applicable default, shall be specifically identified in such writing) has not been satisfied, or (ii) pay to the Administrative Agent, the L/C Issuer, the Swing Line Lender or any other Lender any other amount required to be paid by it hereunder (including in respect of its participation in Letters of Credit or Swing Line Loans) within two Business Days of the date when due, (b) has notified the Company, the Administrative Agent, the L/C Issuer or the Swing Line Lender in writing 12 207163075_10 that it does not intend to comply with its funding obligations hereunder, or has made a public statement to that effect (unless such writing or public statement relates to such Lender's obligation to fund a Loan hereunder and states that such position is based on such Lender's determination that a condition precedent to funding (which condition precedent, together with any applicable default, shall be specifically identified in such writing or public statement) cannot be satisfied), (c) has failed, within three Business Days after written request by the Administrative Agent or the Company, to confirm in writing to the Administrative Agent and the Company that it will comply with its prospective funding obligations hereunder (provided that such Lender shall cease to be a Defaulting Lender pursuant to this clause (c) upon receipt of such written confirmation by the Administrative Agent and the Company), or (d) has, or has a direct or indirect parent company that has, (i) become the subject of a proceeding under any Debtor Relief Law, (ii) had appointed for it a receiver, custodian, conservator, trustee, administrator, assignee for the benefit of creditors or similar Person charged with reorganization or liquidation of its business or assets, including the Federal Deposit Insurance Corporation or any other state or federal regulatory authority acting in such a capacity, or (iii) become the subject of a Bail-In Action; provided that a Lender shall not be a Defaulting Lender solely by virtue of the ownership or acquisition of any equity interest 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. Any determination by the Administrative Agent that a Lender is a Defaulting Lender under any one or more of clauses (a) through (d) above, and of the effective date of such status, shall be conclusive and binding absent manifest error, and such Lender shall be deemed to be a Defaulting Lender (subject to Section 2.16(b)) as of the date established therefor by the Administrative Agent in a written notice of such determination, which shall be delivered by the Administrative Agent to the Company, the L/C Issuer, the Swing Line Lender and each other Lender promptly following such determination. "Designated Jurisdiction" means any country or territory to the extent that such country or territory itself is the subject of comprehensive Sanctions. "Direct Foreign Subsidiary" means a Foreign Subsidiary a majority of whose Voting Securities, or a majority of whose Subsidiary Securities, are owned by any Borrower or a Domestic Subsidiary. "Disposition" or "Dispose" means the sale, transfer, license, lease or other disposition (in one transaction or in a series of transactions and whether effected pursuant to a Division or otherwise) of any property by any Person (including any sale and leaseback transaction and any issuance of equity interests by a Subsidiary of such Person), including any sale, assignment, transfer or other disposal, with or without recourse, of any notes or accounts receivable or any rights and claims associated therewith; provided that the term "Disposition" shall not apply to or include any lease of real property or any unwinding of a Permitted Call Spread Transaction. "Dividing Person" has the meaning assigned to it in the definition of "Division." "Division" means the division of the assets, liabilities and/or obligations of a Person (the "Dividing Person") among two or more Persons (whether pursuant to a "plan of division" or similar arrangement), which may or may not include the Dividing Person and pursuant to which the Dividing Person may or may not survive. "Division Successor" means any Person that, upon the consummation of a Division of a Dividing Person, holds all or any portion of the assets, liabilities and/or obligations previously held by such Dividing Person immediately prior to the consummation of such Division. A Dividing Person which retains any of 13 207163075_10 its assets, liabilities and/or obligations after a Division shall be deemed a Division Successor upon the occurrence of such Division. "Dollar" and "$" mean lawful money of the United States. "Dollar Equivalent" means, for any amount, at the time of determination thereof, (a) if such amount is expressed in Dollars, such amount, (b) if such amount is expressed in an Alternative Currency, the equivalent of such amount in Dollars determined by using the rate of exchange for the purchase of Dollars with the Alternative Currency last provided (either by publication or otherwise provided to the Administrative Agent or the L/C Issuer, as applicable) by the applicable Bloomberg source (or such other publicly available source for displaying exchange rates) on date that is two (2) Business Days immediately preceding the date of determination (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 or the L/C Issuer, as applicable using any method of determination it deems appropriate in its sole discretion) and (c) if such amount is denominated in any other currency, the equivalent of such amount in Dollars as determined by the Administrative Agent or the L/C Issuer, as applicable, using any reasonable method of determination it deems appropriate in its sole discretion. Any determination by the Administrative Agent or the L/C Issuer pursuant to clauses (b) or (c) above shall be conclusive absent manifest error. "Domestic Subsidiary" means any Subsidiary that is organized under the laws of any political subdivision of the United States, other than any such Subsidiary if substantially all of the assets of such Subsidiary consist of capital stock of one or more direct or indirect Subsidiaries organized under the laws of any jurisdiction other than the United States or any political subdivision thereof. "EEA Financial Institution" means (a) any credit institution or investment firm established in any EEA Member Country which is subject to the supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country which is a parent of an institution described in clause (a) of this definition, or (c) any financial institution established in an EEA Member Country which is a subsidiary of an institution described in clauses (a) or (b) of this definition and is subject to consolidated supervision with its parent. "EEA Member Country" means any of the member states of the European Union, Iceland, Liechtenstein, and Norway. "EEA Resolution Authority" means any public administrative authority or any person entrusted with public administrative authority of any EEA Member Country (including any delegee) having responsibility for the resolution of any EEA Financial Institution. "Electronic Copy" shall have the meaning specified in Section 10.18. "Electronic Record" and "Electronic Signature" shall have the meanings assigned to them, respectively, by 15 USC §7006, as it may be amended from time to time. "Eligible Assignee" means any Person that meets the requirements to be an assignee under Section 10.06(b)(iii) and (v) (subject to such consents, if any, as may be required under Section 10.06(b)(iii)). "Environmental Claims" means all claims, however asserted, by any Governmental Authority or any other Person alleging potential liability or responsibility for violation of any Environmental Law or for release or injury to the environment or threat to public health, personal injury (including sickness, disease or death), property damage, natural resources damage, or otherwise alleging liability or responsibility for damages (punitive or otherwise), cleanup, removal, remedial or response costs, restitution, civil or criminal 14 207163075_10 penalties, injunctive relief, or other type of relief, resulting from or based upon (a) the presence, placement, discharge, emission or release (including intentional and unintentional, negligent and non-negligent, sudden or non-sudden, accidental or non-accidental placement, spills, leaks, discharges, emissions or releases) of any Hazardous Material at, in or from property, whether or not owned by the Company or any of its Subsidiaries, or (b) any other circumstances forming the basis of any violation, or alleged violation, of any Environmental Law. "Environmental Laws" means any and all Federal, state, local, and foreign statutes, laws, regulations, ordinances, rules, judgments, orders, decrees, permits, concessions, grants, franchises, licenses, agreements or governmental restrictions relating to pollution and the protection of the environment or the release of any materials into the environment, including those related to hazardous substances or wastes, air emissions and discharges to waste or public systems. "Environmental Permits" has the meaning set forth in Section 5.09(b). "ERISA" means the Employee Retirement Income Security Act of 1974, as amended, and the rules and regulations promulgated thereunder. "ERISA Affiliate" means any trade or business (whether or not incorporated) under common control with the Company within the meaning of Section 414(b) or (c) of the Code (and Sections 414(m) and (o) of the Code for purposes of provisions relating to Section 412 of the Code). "ERISA Event" means (a) a Reportable Event with respect to a Pension Plan that requires the Company or an ERISA Affiliate to provide notice to the PBGC; (b) the withdrawal of the Company or any ERISA Affiliate from a Pension Plan subject to Section 4063 of ERISA during a plan year in which such entity was a "substantial employer" as defined in Section 4001(a)(2) of ERISA or a cessation of operations that is treated as such a withdrawal under Section 4062(e) of ERISA; (c) a complete or partial withdrawal by the Company or any ERISA Affiliate from a Multiemployer Plan or notification that a Multiemployer Plan is insolvent; (d) the filing of a notice of intent to terminate, or the treatment of a Pension Plan or Multiemployer Plan amendment as a termination, under Section 4041 or 4041A of ERISA; (e) the institution by the PBGC of proceedings to terminate a Pension Plan or Multiemployer Plan; (f) any event or condition which constitutes grounds under Section 4042 of ERISA for the termination of, or the appointment of a trustee to administer, any Pension Plan; (g) the determination that any Pension Plan or Multiemployer Plan, as applicable, is considered an at-risk plan or a plan in endangered or critical status within the meaning of Sections 430, 431 and 432 of the Code or Sections 303, 304 and 305 of ERISA; (h) the imposition of any liability under Title IV of ERISA, other than for PBGC premiums due but not delinquent under Section 4007 of ERISA, upon the Company or any ERISA Affiliate; or (i) a failure by the Company or any ERISA Affiliate to meet all applicable requirements under the Pension Funding Rules in respect of a Pension Plan, whether or not waived, or the failure by the Company or any ERISA Affiliate to make any required contribution to a Multiemployer Plan. "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. "Euro" and "€" mean the single currency of the Participating Member States. "Event of Default" has the meaning specified in Section 8.01. "Excluded Swap Obligation" means, with respect to any Guarantor, any Swap Obligation if, and to the extent that, all or a portion of the Guaranty of such Guarantor of, or the grant by such Guarantor of a security interest to secure, such Swap Obligation (or any Guaranty thereof) is or becomes illegal under the

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&nbsp;&nbsp;&nbsp;&nbsp;15 207163075_10 Commodity Exchange Act or any rule, regulation or order of the Commodity Futures Trading Commission (or the application or official interpretation of any thereof) by virtue of such Guarantor's failure for any reason to constitute an "eligible contract participant" as defined in the Commodity Exchange Act (determined after giving effect to any "keepwell, support or other agreement" for the benefit of such Guarantor and any and all guarantees of such Guarantor's Swap Obligations by other Loan Parties) at the time the Guaranty of such Guarantor, or a grant by such Guarantor of a security interest, becomes effective with respect to such Swap Obligation. If a Swap Obligation arises under a master agreement governing more than one swap, such exclusion shall apply only to the portion of such Swap Obligation that is attributable to swaps for which such Guaranty or security interest is or becomes excluded in accordance with the first sentence of this definition. "Excluded Taxes" means any of the following Taxes imposed on or with respect to any Recipient or required to be withheld or deducted from a payment to a Recipient, (a) Taxes imposed on or measured by net income (however denominated), franchise Taxes, and branch profits Taxes, in each case, (i) imposed as a result of such Recipient being organized under the laws of, or having its principal office or, in the case of any Lender, its Lending Office located in, the jurisdiction imposing such Tax (or any political subdivision thereof) or (ii) that are Other Connection Taxes, (b) in the case of a Lender, U.S. federal withholding Taxes imposed on amounts payable to or for the account of such Lender with respect to an applicable interest in a Loan or Commitment pursuant to a law in effect on the date on which (i) such Lender acquires such interest in the Loan or Commitment (other than pursuant to an assignment request by the Company under Section 10.13) or (ii) such Lender changes its Lending Office, except in each case to the extent that, pursuant to Section 3.01(a) or (c), amounts with respect to such Taxes were payable either to such Lender's assignor immediately before such Lender became a party hereto or to such Lender immediately before it changed its Lending Office, (c) Taxes attributable to such Recipient's failure to comply with Section 3.01(e) and (d) any U.S. federal withholding Taxes imposed pursuant to FATCA. "Existing Credit Agreement" has the meaning specified in the recitals hereto. "Existing Lenders" has the meaning specified in the recitals hereto. "Existing Letters of Credit" means those letters of credit outstanding immediately prior to the effectiveness of this Agreement, as more particularly described on Schedule 1.01(e). "Facility" means the Term Facility, the Revolving Credit Facility or any Incremental Term Loan, as the context may require. "Facility Termination Date" means the date as of which all of the following shall have occurred: (a) the Aggregate Commitments have been terminated in full, (b) all Obligations have been paid in full, other than (i) contingent indemnification obligations, (ii) the undrawn portion of Letters of Credit and (iii) all fees relating to any Letters of Credit accruing after such date (which fees shall be payable solely for the account of the L/C Issuer and shall be computed (based on interest rates and the Applicable Rate then in effect) on such undrawn amounts to the respective expiry dates of the Letters of Credit), in each case as have been fully Cash Collateralized or as to which other arrangements with respect thereto satisfactory to the Administrative Agent and the L/C Issuer shall have been made, (c) the Commitments of all Lenders, if any, shall have terminated or expired, (d) the obligations and liabilities of the Borrowers and each other Loan Party under all Secured Hedge Agreements, Secured Cash Management Agreements and Secured Bilateral Letters of Credit shall have been fully, finally and irrevocably paid and satisfied in full and the Secured Hedge Agreements, Secured Cash Management Agreements and Secured Bilateral Letters of Credit shall have expired or been terminated, or other arrangements satisfactory to the applicable Cash Management Bank, Hedge Bank or LOC Bank shall have been made with respect thereto, (e) the obligations and liabilities of the Borrowers and each other Loan Party under all Secured Card Related Products 16 207163075_10 Agreements shall have been fully, finally and irrevocably paid and satisfied in full and the Secured Card Related Products Agreements shall have expired or been terminated, or other arrangements satisfactory to the applicable Card Related Products Bank shall have been made with respect thereto, and (f) each Guarantor shall have fully, finally and irrevocably paid and satisfied in full its respective obligations and liabilities arising under the Loan Documents (except for future obligations consisting of, or arising out of, continuing indemnities and other contingent Obligations of the Borrowers or any Loan Party that may be owing to any Related Party of the Administrative Agent or any Lender pursuant to the Loan Documents and expressly survive termination of this Agreement). "FASB ASC" means the Accounting Standards Codification of the Financial Accounting Standards Board. "FATCA" means Sections 1471 through 1474 of the Code, as of the date of this Agreement (or any amended or successor version that is substantively comparable and not materially more onerous to comply with) and any current or future regulations or official interpretations thereof and any agreements entered into pursuant to Section 1471(b)(1) of the Code, as of the date of this Agreement (or any amended or successor version described above) and any intergovernmental agreement (and related fiscal or regulatory legislation, or related official rules or practices) implementing the foregoing. "Federal Funds Rate" means, for any day, the rate per annum calculated by the Federal Reserve Bank of New York based on such day's federal funds transactions by depository institutions (as determined in such manner as the Federal Reserve Bank of New York shall set forth on its public website from time to time) and published on the next succeeding Business Day by the Federal Reserve Bank of New York as the federal funds effective rate; provided that if the Federal Funds Rate as so determined would be less than zero, such rate shall be deemed to be zero for purposes of this Agreement. "Fee Letter" means, collectively, (a) that certain letter agreement, dated June 30, 2025 among the Company, Bank of America, N.A. and BofA Securities, Inc. and (b) those certain other letter agreements, if any, between the Company and any Arranger. "Financial Letter of Credit" means any Letter of Credit that is a "financial standby letter of credit" as set forth in Applicable Laws promulgated from time to time by the FRB. "Financial Letter of Credit Sublimit" means an amount equal to $75,000,000. The Financial Letter of Credit Sublimit is part of, and not in addition to, the Letter of Credit Sublimit. "Foreign Lender" means (a) if any Borrower is a U.S. Person, a Lender that is not a U.S. Person, and (b) if any Borrower is not a U.S. Person, a Lender that is resident or organized under the laws of a jurisdiction other than that in which such Borrower is resident for tax purposes. For purposes of this definition, the United States, each State thereof and the District of Columbia shall be deemed to constitute a single jurisdiction. "Foreign Obligor" means a Loan Party that is a Foreign Subsidiary. "Foreign Subsidiary" means any Subsidiary other than a Domestic Subsidiary. "FRB" means the Board of Governors of the Federal Reserve System of the United States. "Fronting Exposure" means, at any time there is a Defaulting Lender, (a) with respect to the L/C Issuer, such Defaulting Lender's Applicable Percentage of the outstanding L/C Obligations other than L/C Obligations as to which such Defaulting Lender's participation obligation has been reallocated to other 17 207163075_10 Lenders or Cash Collateralized in accordance with the terms hereof, and (b) with respect to the Swing Line Lender, such Defaulting Lender's Applicable Percentage of Swing Line Loans other than Swing Line Loans as to which such Defaulting Lender's participation obligation has been reallocated to other Lenders in accordance with the terms hereof. "Fund" means any Person (other than a natural Person) that is (or will be) engaged in making, purchasing, holding or otherwise investing in commercial loans and similar extensions of credit in the ordinary course of its activities. "GAAP" means generally accepted accounting principles in the United States set forth in the opinions and pronouncements of the Accounting Principles Board and the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board or such other principles as may be approved by a significant segment of the accounting profession in the United States, that are applicable to the circumstances as of the date of determination, consistently applied. "GLC Venture" means any Joint Venture, now or hereafter formed by the Company or any of its Subsidiaries with any other Person in the Ordinary Course of Business of the Company or such Subsidiary for the purpose of engaging in the business of real estate development and/or Disposition of real estate or interests in real estate or entities owning real estate; provided that a GLC Venture shall not be deemed to cease being a GLC Venture after the withdrawal or buy-out of such other Person(s) from the Joint Venture or the purchase, acquisition or redemption of such other Person's interest in such Joint Venture. "Governmental Authority" means the government of the United States or any other nation, or of any political subdivision thereof, whether state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to government (including the Financial Conduct Authority, the Prudential Regulation Authority and any supra-national bodies such as the European Union or the European Central Bank). "Guarantee Obligation" means, as to any Person, (a) any obligation, contingent or otherwise, of such Person guaranteeing or having the economic effect of guaranteeing any Indebtedness or other obligation payable or performable by another Person (the "primary obligor") in any manner, whether directly or indirectly, and including any obligation of such Person, direct or indirect, (i) to purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness or other obligation, (ii) to purchase or lease property, securities or services for the purpose of assuring the obligee in respect of such Indebtedness or other obligation of the payment or performance of such Indebtedness or other obligation, (iii) to maintain working capital, equity capital or any other financial statement condition or liquidity of the primary obligor so as to enable the primary obligor to pay such Indebtedness or other obligation, or (iv) entered into for the purpose of assuring in any other manner the obligee in respect of such Indebtedness or other obligation of the payment or performance thereof or to protect such obligee against loss in respect thereof (in whole or in part), or (b) any Lien on any assets of such Person securing any Indebtedness or other obligation of any other Person, whether or not such Indebtedness or other obligation is assumed by such Person (or any right, contingent or otherwise, of any holder of such Indebtedness to obtain any such Lien). The amount of any Guarantee Obligation of any guaranteeing Person shall be deemed to be the lower of (x) an amount equal to the stated or determinable amount of the primary obligation in respect of which such Guarantee Obligation is made and (y) the maximum amount for which such guaranteeing person may be liable pursuant to the terms of the instrument embodying such Guarantee Obligation, unless such primary obligation and the maximum amount for which such guaranteeing Person may be liable are not stated or determinable, in which case the amount of such Guarantee Obligation shall be such guaranteeing Person's maximum reasonably anticipated liability in respect thereof as determined by the Company in good faith. 18 207163075_10 "Guarantor Assessment Date" means each of (a) the date on which the Company delivers or is obligated to deliver to the Administrative Agent financial statements pursuant to Section 6.01(a) or (b), (b) the date on which a Borrower consummates any Acquisition of all or substantially all of the assets or capital stock of another Person, or acquires or creates any new or additional Subsidiary, and (c) the date on which a Borrower sells, transfers, divests or otherwise Disposes of any Subsidiary or all or substantially of the assets of any Subsidiary. "Guarantors" means, collectively, (a) the Company, (b) all of the Subsidiaries listed on Schedule 1.01(g), together with all other Persons who, following the Closing Date, execute and deliver a guaranty or guaranty joinder or supplement pursuant to Section 6.14, and (c) with respect to (i) Secured Obligations owing by any Loan Party under any Secured Hedge Agreement, Secured Cash Management Agreement or Secured Bilateral Letter of Credit and (ii) the payment and performance by each Specified Loan Party of its obligations under its Guaranty with respect to all Swap Obligations, each Borrower. "Guaranty" means that certain Fifth Amended and Restated Guaranty Agreement dated as of the Closing Date executed by the Guarantors in favor of the Administrative Agent and for the benefit of the Secured Parties, substantially in the form attached as Exhibit F hereto and reasonably satisfactory to Administrative Agent, as supplemented from time to time by the execution and delivery of any Guaranty Joinder Agreements executed and delivered pursuant to Section 6.14. "Guaranty Joinder Agreement" means each Guaranty Joinder Agreement, substantially in the form thereof attached to the Guaranty, executed and delivered by a Subsidiary to Administrative Agent pursuant to Section 6.14. "Hazardous Materials" means, collectively, as of any date: (a) any petroleum or petroleum products, flammable explosives, radioactive materials, asbestos in any form that is or could become friable, urea formaldehyde foam insulation, and transformers or other equipment that contain dielectric fluid containing polychlorinated biphenyls (PCB's); (b) any chemicals or other materials or substances which as of such date are defined as or included in the definition of "hazardous substances," "hazardous wastes," "hazardous materials," "extremely hazardous wastes," "restricted hazardous wastes," "toxic substances," "toxic pollutants," "contaminants," "infectious wastes," "pollutants" or words of similar import under any Environmental Law; and (c) any other chemical or other material or substance, exposure to which or use of which as of such date is prohibited, limited or regulated under any Environmental Law. "Hedge Bank" means any Person that (a) at the time that it enters into any Swap Contract not prohibited by the terms of this Agreement, is a Lender or an Affiliate of a Lender that has executed and delivered to the Administrative Agent a letter of undertaking in the form approved by the Administrative Agent, or (b) is party to an interest rate Swap Contract on the date that such Person or its Affiliate becomes a Lender, in each case in such Person's capacity as a party to such Swap Contract. "Honor Date" has the meaning specified in Section 2.03(c)(i). "Incorporated Covenants" has the meaning specified in Section 2.14(i). "Increase Effective Date" has the meaning specified in Section 2.14(c). "Incremental Available Amount" means the sum of (a) the Incremental Fixed Amount plus (b) the Incremental Ratio Amount; provided, (i) that the Company may select utilization under clause (a) or (b) above (or both) in its sole discretion, (ii) Indebtedness under any Incremental Increase or Incremental Equivalent Debt may be incurred simultaneously under clause (a) or (b) above, and proceeds from any such incurrence may be utilized in a single transaction by, unless the Company elects otherwise, first calculating

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&nbsp;&nbsp;&nbsp;&nbsp;23 207163075_10 "Lending Office" means, as to any Lender, the office or offices of such Lender described as such in such Lender's Administrative Questionnaire, or such other office or offices as a Lender may from time to time notify the Company and the Administrative Agent, which office may include any Affiliate of such Lender or any domestic or foreign branch of such Lender or such Affiliate. Unless the context otherwise requires each reference to a Lender shall include its applicable Lending Office. "Letter of Credit" means any standby letter of credit issued hereunder and shall include each Existing Letter of Credit. Letters of Credit may be issued in Dollars or in an Alternative Currency. "Letter of Credit Application" means an application and agreement for the issuance or amendment of a Letter of Credit in the form from time to time in use by the L/C Issuer. "Letter of Credit Expiration Date" means the day that is seven days prior to the Maturity Date of the Revolving Credit Facility then in effect (or, if such day is not a Business Day, the next preceding Business Day). "Letter of Credit Fee" has the meaning specified in Section 2.03(h). "Letter of Credit Report" means a Letter of Credit Report in a form approved by the Administrative Agent. "Letter of Credit Sublimit" means an amount equal to the lesser of (a) the Revolving Credit Facility and (b) $150,000,000. The Letter of Credit Sublimit is part of, and not in addition to, the Revolving Credit Facility. "Lien" means any mortgage, pledge, hypothecation, assignment, deposit arrangement, encumbrance, lien (statutory or other), charge, or preference, priority or other security interest or preferential arrangement in the nature of a security interest of any kind or nature whatsoever (including any conditional sale or other title retention agreement, any easement, right of way or other encumbrance on title to real property, and any financing lease having substantially the same economic effect as any of the foregoing). "Limited Condition Acquisition" means any Acquisition permitted hereunder (in each case whether by merger, acquisition, consolidation or other business contribution or the acquisition of equity interests or otherwise) the consummation of which is not conditioned (under the applicable agreement) on the availability of, or on obtaining, third-party financing or commitments therefor, as notified by the Company to the Administrative Agent on or prior to the time at which the applicable Subsidiary enters into the applicable purchase agreement therefor. "Loan" means an extension of credit by a Lender to the Borrowers under Article II in the form of a Revolving Credit Loan, a Term Loan (including, for purpose of clarification, any Incremental Term Loans) or a Swing Line Loan. All Loans shall be denominated in Dollars. "Loan Documents" means, collectively, this Agreement, including schedules and exhibits hereto, each Note, each Issuer Document, each Security Instrument, any agreement creating or perfecting rights in Cash Collateral pursuant to the provisions of Section 2.15 of this Agreement, the Fee Letter and the Guaranty. "Loan Notice" means a notice of (a) a Term Borrowing, (b) a Revolving Credit Borrowing, (c) a conversion of Loans from one Type to the other, or (d) a continuation of Term SOFR Loans, pursuant to Section 2.02(a), which shall be substantially in the form of Exhibit A or such other form as may be approved 24 207163075_10 by the Administrative Agent (including any form on an electronic platform or electronic transmission system as shall be approved by the Administrative Agent), appropriately completed and signed by a Responsible Officer of the Company. "Loan Parties" means, collectively, the Borrowers and the Guarantors. "LOC Bank" means any Lender or Affiliate of a Lender that has issued (or issues) a performance or financial standby letter of credit or trade or commercial letter of credit for the account of the Company and/or any (or one or more) Subsidiary of the Company that is permitted to be secured by a Lien on Collateral pursuant to Section 7.01(x). For the avoidance of doubt (i) at any point that a Lender ceases to be a Lender then such Person (and any Affiliate of such Person) shall cease to be a LOC Bank and (ii) at such time the issuer of any performance or financial standby letter of credit or trade or commercial letter of credit for the account of the Company and/or any (or one or more) Subsidiary of the Company becomes a Lender (or becomes an Affiliate of a Lender) such Person shall automatically become a LOC Bank until such time that such Person (or Affiliate of such Person) ceases to be a Lender. "Material Adverse Effect" means (a) a material adverse change in, or a material adverse effect upon, the operations, business, properties, or financial condition of the Company or the Company and its Subsidiaries taken as a whole; (b) a material impairment of the rights and remedies of the Administrative Agent, the Collateral Agent or any Lender under any Loan Document, or the ability of any Loan Party to perform its obligations under any Loan Document to which it is a party; or (c) a material adverse effect upon the legality, validity, binding effect or enforceability against any Loan Party of any Loan Document to which it is a party. "Material Subsidiary" means, (a) as of the last day of any fiscal quarter of the Company, any Subsidiary (excluding Construction JVs) that meets either of the following conditions at such time: (i) such Subsidiary's consolidated total revenues for the period of the immediately preceding four fiscal quarters is equal to or greater than 10% of the consolidated total revenues of the Company and its Subsidiaries for such period, determined in accordance with GAAP, in each case as reflected in the most recent annual or quarterly (as applicable) financial statements required to be delivered pursuant to Section 6.01; or (ii) such Subsidiary's total assets, as of the last day of the immediately preceding fiscal quarter, are equal to or greater than 10% of the consolidated total assets of the Company and its Subsidiaries as of such date, determined in accordance with GAAP, in each case as reflected in the most recent annual or quarterly (as applicable) financial statements of the Company required to be delivered pursuant to Section 6.01; and (b) as of any other Guarantor Assessment Date, any Subsidiary (excluding Construction JVs) that has, on a pro forma basis, based upon the then most recently delivered financial statements delivered pursuant to Section 6.01, and after giving effect to the applicable Acquisition, divestiture or creation, as though occurring on the first day of the four fiscal quarter period ending on the effective date of such delivered financial statements, (i) total revenues for the period of the immediately preceding four fiscal quarters is equal to or greater than 10% of the consolidated total revenues of the Company and its Subsidiaries for such period, determined in accordance with GAAP, or (ii) total assets equal to or greater than 10% of the consolidated total assets of the Company and its Subsidiaries as of such date, determined in accordance with GAAP; provided, however, that if at any time (x) any Foreign Subsidiary qualifies as a Material Subsidiary pursuant to clause (a) or clause (b) above and executing or becoming party to the Guaranty would reasonably be expected to cause material adverse tax consequences, such Foreign Subsidiary shall not be deemed a Material Subsidiary unless the Company designates such Foreign Subsidiary as a Material Subsidiary 25 207163075_10 pursuant to the following clause (y) and (y) Subsidiaries qualifying as Material Subsidiaries pursuant to clause (a) or (b) above which, in the aggregate and together with the total assets and total revenues of the Company, do not represent at least 80% of the consolidated total assets and consolidated total revenues of the Company and its Subsidiaries (the "80% Threshold"), the Company shall designate additional Domestic Subsidiaries or Foreign Subsidiaries as Material Subsidiaries until the 80% Threshold is satisfied collectively by all Material Subsidiaries qualifying as such pursuant to clause (a) or clause (b) above and designated as such pursuant to this clause (y). Once a Subsidiary qualifies as or is designated by the Company as a Material Subsidiary, it shall continue to constitute a Material Subsidiary throughout the term of this Agreement, until such time as the Company provides to the Administrative Agent a certificate in accordance with Section 6.14(b) that such Subsidiary is no longer required to be designated as such pursuant to the terms hereof. "Maturity Date" means August 5, 2030; provided, however, that if such date is not a Business Day, the Maturity Date shall be the preceding Business Day. "Mexican Pesos" means the lawful currency of Mexico. "Minimum Collateral Amount" means, at any time, (a) with respect to Cash Collateral consisting of cash or deposit account balances provided to reduce or eliminate Fronting Exposure during the existence of a Defaulting Lender, an amount equal to 102% of the Fronting Exposure of the L/C Issuer with respect to Letters of Credit issued and outstanding at such time that could not be reallocated to Non-Defaulting Lenders in accordance with Section 2.16(a)(iv), (b) with respect to Cash Collateral consisting of cash or deposit account balances provided in accordance with the provisions of Section 2.15(a)(i), (a)(ii) or (a)(iii), an amount equal to 102% of (i) if in respect of a Cash Collateral requirement under Section 2.15(a)(i), the amount of the applicable L/C Borrowing, and (ii) if in respect of a Cash Collateral requirement under Section 2.15(a)(ii) or (a)(iii), the Outstanding Amount of all L/C Obligations, and (c) otherwise, 102% of the amounts reasonably expected to be owing. "Multiemployer Plan" means any employee benefit plan of the type described in Section 4001(a)(3) of ERISA, to which the Company or any ERISA Affiliate makes or is obligated to make contributions, or during the preceding five plan years, has made or been obligated to make contributions. "Multiple Employer Plan" means a Plan which has two or more contributing sponsors (including the Company or any ERISA Affiliate) at least two of whom are not under common control, as such a plan is described in Section 4064 of ERISA. "Non-Consenting Lender" means any Lender that does not approve any consent, waiver or amendment that (a) requires the approval of all Lenders or all affected Lenders in accordance with the terms of Section 10.01 and (b) has been approved by the Required Lenders. "Non-Defaulting Lender" means, at any time, each Lender that is not a Defaulting Lender at such time. "Note" means a Term Note or a Revolving Credit Note, as the context may require. "Notice of Additional L/C Issuer" means a Notice of Additional L/C Issuer in a form approved by the Administrative Agent. "Obligations" means (a) all advances to, and debts, liabilities, obligations, covenants and duties of, any Loan Party arising under any Loan Document or otherwise with respect to any Loan, or Letter of Credit and (b) all costs and expenses incurred in connection with enforcement and collection of the foregoing, 26 207163075_10 including the fees, charges and disbursements of counsel, in each case whether direct or indirect (including those acquired by assumption), absolute or contingent, due or to become due, now existing or hereafter arising and including interest and fees that accrue after the commencement by or against any Loan Party or any Affiliate thereof pursuant to any proceeding under any Debtor Relief Laws naming such Person as the debtor in such proceeding, regardless of whether such interest and fees are allowed claims in such proceeding; provided that, without limiting the foregoing, the Obligations include (i) the obligation to pay principal, interest, Letter of Credit commissions, charges, expenses, fees, indemnities and other amounts payable by any Loan Party under any Loan Document and (ii) the obligation of the Loan Parties to reimburse any amount in respect of any of the foregoing that the Administrative Agent or any Lender, in each case in its sole discretion, may elect to pay or advance on behalf of the Loan Parties; provided further that the Obligations shall exclude any Excluded Swap Obligations. "OFAC" means the Office of Foreign Assets Control of the United States Department of the Treasury. "Ordinary Course of Business" means, in respect of any transaction involving the Company or any Subsidiary of the Company, (a) the ordinary course of such Person's business, substantially as conducted by any such Person prior to or as of the Closing Date, or in a manner reasonably related thereto, and undertaken by such Person in good faith and not for purposes of evading any covenant or restriction in any Loan Document, or (b) transactions outside the ordinary course of such Person's then-existing business, as long as the Company provides written notice to the Administrative Agent and the Lenders prior to such Person undertaking such business, specifically referencing this definition, provided that the Required Lenders shall not have delivered written objections to the Administrative Agent within five (5) Business Days after their receipt of such written notice. "Organization Documents" means, (a) with respect to any corporation, the charter or certificate or articles of incorporation and the bylaws (or equivalent or comparable constitutive documents with respect to any non-U.S. jurisdiction); (b) with respect to any limited liability company, the certificate or articles of formation or organization and operating or limited liability agreement (or equivalent or comparable constitutive documents with respect to any non-U.S. jurisdiction); and (c) with respect to any partnership, Joint Venture, trust or other form of business entity, the partnership, Joint Venture or other applicable agreement of formation or organization (or equivalent or comparable constitutive documents with respect to any non-U.S. jurisdiction) and any agreement, instrument, filing or notice with respect thereto filed in connection with its formation or organization with the applicable Governmental Authority in the jurisdiction of its formation or organization and, if applicable, any certificate or articles of formation or organization of such entity (or equivalent or comparable constitutive documents with respect to any non- U.S. jurisdiction). "Other Connection Taxes" means, with respect to any Recipient, Taxes imposed as a result of a present or former connection between such Recipient and the jurisdiction imposing such Tax (other than connections arising from such Recipient having executed, delivered, become a party to, performed its obligations under, received payments under, received or perfected a security interest under, engaged in any other transaction pursuant to or enforced any Loan Document, or sold or assigned an interest in any Loan or Loan Document). "Other Taxes" means all present or future stamp, court or documentary, intangible, recording, filing or similar Taxes that arise from any payment made under, from the execution, delivery, performance, enforcement or registration of, from the receipt or perfection of a security interest under, or otherwise with respect to, any Loan Document, except any such Taxes that are Other Connection Taxes imposed with respect to an assignment (other than an assignment made pursuant to Section 3.06).

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&nbsp;&nbsp;&nbsp;&nbsp;27 207163075_10 "Outbound Investment Rules" means the regulations administered and enforced, together with any related public guidance issued, by the United States Treasury Department under U.S. Executive Order 14105 of August 9, 2023, or any similar law or regulation; as of the date of this Agreement, and as codified at 31 C.F.R. § 850.101 et seq. "Outstanding Amount" means (a) with respect to Term Loans, Revolving Credit Loans and Swing Line Loans on any date, the aggregate outstanding principal amount thereof after giving effect to any borrowings and prepayments or repayments of Term Loans, Revolving Credit Loans and Swing Line Loans, as the case may be, occurring on such date; and (b) with respect to any L/C Obligations on any date, the amount of such L/C Obligations on such date after giving effect to any L/C Credit Extension occurring on such date and any other changes in the aggregate amount of the L/C Obligations as of such date, including as a result of any reimbursements by the Borrowers of Unreimbursed Amounts. "Overnight Rate" means, for any day, (a) with respect to any amount denominated in Dollars, the greater of (i) the Federal Funds Rate and (ii) an overnight rate determined by the Administrative Agent, the L/C Issuer, or the Swing Line Lender, as the case may be, in accordance with banking industry rules on interbank compensation, and (b) an overnight rate determined by the Administrative Agent or the L/C Issuer, as the case may be, in accordance with banking industry rules on interbank compensation. If the Overnight Rate shall be less than 0%, such rate shall be deemed 0%, for purposes of this Agreement. "Participant" has the meaning specified in Section 10.06(d). "Participant Register" has the meaning specified in Section 10.06(d). "Participating Member State" means any member state of the European Union that adopts or has adopted the Euro as its lawful currency in accordance with legislation of the European Union relating to Economic and Monetary Union. "PBGC" means the Pension Benefit Guaranty Corporation. "Pension Act" means the Pension Protection Act of 2006. "Pension Funding Rules" means the rules of the Code and ERISA regarding minimum required contributions (including any installment payment thereof) to Pension Plans and set forth in Section 412 of the Code and Section 302 of ERISA, each as in effect prior to the Pension Act and, thereafter, Sections 412, 430, 431, 432 and 436 of the Code and Sections 302, 303, 304 and 305 of ERISA. "Pension Plan" means any employee pension benefit plan (including a Multiple Employer Plan but excluding Multiemployer Plan) that is maintained or is contributed to by the Company and any ERISA Affiliate and is either covered by Title IV of ERISA or is subject to the minimum funding standards under Section 412 of the Code. "Performance Letter of Credit" means any Letter of Credit that is a "performance standby letter of credit" as set forth in Applicable Laws promulgated from time to time by the FRB. "Permitted Bridge Indebtedness" means any customary bridge facility of any Loan Party that (a) so long as the use of proceeds is limited to the payment of consideration and related fees, expenses and transaction costs for an acquisition not prohibited hereunder, such facility is issued with the intent to convert such facility into Indebtedness that satisfies all applicable maturity and weighted average life limitations or (b) otherwise provides that if such facility is not converted into the intended conversion product, is 28 207163075_10 automatically convertible into Indebtedness that satisfies all applicable maturity and weighted average life limitations. "Permitted Call Spread Transaction" means (a) any call or capped call option (or substantively equivalent derivative transaction) relating to the Common Stock (or other securities or property following a merger event, reclassification or other change of the Common Stock) purchased by the Company in connection with the issuance of any Permitted Convertible Indebtedness and settled in Common Stock (or such other securities or property), cash or a combination thereof (such amount of cash determined by reference to the price of the Common Stock or such other securities or property), and cash in lieu of fractional shares of Common Stock, or (b) any call option, warrant or right to purchase (or substantively equivalent derivative transaction) relating to the Common Stock (or other securities or property following a merger event, reclassification or other change of the Common Stock) sold by the Company substantially concurrently with any purchase by the Company of an option described in clause (a) and settled in Common Stock (or such other securities or property), cash or a combination thereof (such amount of cash determined by reference to the price of the Common Stock or such other securities or property), and cash in lieu of fractional shares of Common Stock; provided that the terms, conditions and covenants of each such transaction described in clause (a) or clause (b) shall be such as are customary for transactions of such type (as determined by the board of directors of the Company, or a committee thereof, in good faith). "Permitted Convertible Indebtedness" means unsecured Indebtedness of the Company that is convertible into shares of Common Stock (or other securities or property following a merger event, reclassification or other change of the Common Stock), cash or a combination thereof (such amount of cash determined by reference to the price of the Common Stock or such other securities or property), and cash in lieu of fractional shares of Common Stock; provided that the terms, conditions and covenants of such Permitted Convertible Indebtedness shall be such as are customary for transactions of such type (as determined by the board of directors of the Company, or a committee thereof, in good faith). "Permitted Lien" means any Lien permitted by Section 7.01. "Permitted Receivables Financing" has the meaning specified in Section 7.05(l). "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 within the meaning of Section 3(3) of ERISA (including a Pension Plan), maintained for employees of the Company or any ERISA Affiliate or any such Plan to which the Company or any ERISA Affiliate is required to contribute on behalf of any of its employees. "Platform" has the meaning specified in Section 6.02. "Pledge Agreement" means that certain Third Amended and Restated Securities Pledge Agreement dated as of the date hereof among the Borrowers, certain Guarantors and the Collateral Agent, for the benefit of the Secured Parties, substantially in the form of Exhibit G, as supplemented from time to time by the execution and delivery of Pledge Joinder Agreements pursuant to Section 6.14, as the same may be otherwise supplemented (including by Pledge Agreement Supplement). "Pledge Agreement Supplement" means, with respect to each Pledge Agreement, the Pledge Agreement Supplement in the form affixed as an Exhibit to such Pledge Agreement. 29 207163075_10 "Pledge Joinder Agreement" means each Pledge Joinder Agreement, substantially in the form thereof attached to the Pledge Agreement, executed and delivered by a Guarantor to the Administrative Agent pursuant to Section 6.14. "Pledged Interests" means the Subsidiary Securities heretofore pledged to the Collateral Agent and the Subsidiary Securities required to be pledged as Collateral pursuant to this Agreement or the terms of any Pledge Agreement; provided that notwithstanding any contrary provision in any Loan Document, in the case of any Foreign Subsidiary, "Pledged Interests" shall be limited to a pledge of 65% of the Voting Securities and 100% of the other Subsidiary Securities issued by such Foreign Subsidiary. "Prior Loan Documents" has the meaning set forth in Section 1.10(c). "Project Debt" means, in respect of any GLC Venture (the "obligor"), any Indebtedness of such obligor incurred in the Ordinary Course of Business of such obligor and of the Company and its Subsidiaries, which may be secured by a Lien on assets of such obligor, but as to which there is no general recourse to any Loan Party except against such obligor (a) for breach of customary representations and warranties, or (b) to the extent such obligor is a limited liability company, corporation, limited partnership or other entity as to which no Loan Party (other than obligor) is, directly or indirectly (at law, through any Guarantee Obligation or otherwise), liable to pay the debts of such obligor. "Project Debt Entity" means, at any time, any GLC Venture obligated in respect of Project Debt at such time. "Project Hub City" means the acquisition by the Company (or its Subsidiary) of all of the outstanding equity interests of Slats Lucas, LLC, a Mississippi limited liability company, and Warren Paving, Inc., a Mississippi corporation, on the Closing Date. "PTE" means a prohibited transaction class exemption issued by the U.S. Department of Labor, as any such exemption may be amended from time to time. "Public Lender" has the meaning specified in Section 6.02. "Recipient" means the Administrative Agent, any Lender, the L/C Issuer or any other recipient of any payment to be made by or on account of any obligation of any Loan Party hereunder. "Register" has the meaning specified in Section 10.06(c). "Related Parties" means, with respect to any Person, such Person's Affiliates and the partners, directors, officers, employees, agents, trustees, administrators, managers, advisors, consultants, service providers and representatives of such Person and of such Person's Affiliates. "Release" means any release, spill, emission, leaking, pumping, injection, deposit, disposal, discharge, dispersal, leaching or migration into the indoor or outdoor environment, including the movement of Hazardous Materials through ambient air, soil, surface water, ground water, wetlands, land or subsurface strata. "Reportable Event" means any of the events set forth in Section 4043(c) of ERISA, other than events for which the 30-day notice period has been waived. 30 207163075_10 "Request for Credit Extension" means (a) with respect to a Borrowing, conversion or continuation of Revolving Credit Loans or Term Loans, a Loan Notice, (b) with respect to an L/C Credit Extension, a Letter of Credit Application, and (c) with respect to a Swing Line Loan, a Swing Line Loan Notice. "Required Class Lenders" means, at any time with respect to any Class of Loans or Commitments, Lenders having Total Credit Exposures with respect to such Class representing more than 50% of the Total Credit Exposures of all Lenders of such Class. The Total Credit Exposure of any Defaulting Lender with respect to such Class shall be disregarded in determining Required Class Lenders at any time. "Required Lenders" means, at any time, Lenders holding more than 50% of the sum of the (a) Total Outstandings (with the aggregate amount of each Revolving Credit Lender's risk participation and funded participation in L/C Obligations and Swing Line Loans being deemed "held" by such Revolving Credit Lender for purposes of this definition) and (b) aggregate unused Commitments; provided that the amount of any participation in any Swing Line Loan and Unreimbursed Amounts that such Defaulting Lender has failed to fund that have not been reallocated to and funded by another Lender shall be deemed to be held by the Lender that is the Swing Line Lender or L/C Issuer, as the case may be, in making such determination; and provided, further, that (x) the unused Revolving Credit Commitment of, and the portion of the Total Revolving Credit Outstandings held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Required Lenders and (y) the portion of the Term Facility held by any Defaulting Lender shall be excluded for purposes of making a determination of Required Lenders. "Required Revolving Lenders" means, as of any date of determination, Revolving Credit Lenders holding more than 50% of the sum of the (a) Total Revolving Credit Outstandings (with the aggregate amount of each Revolving Credit Lender's risk participation and funded participation in L/C Obligations and Swing Line Loans being deemed "held" by such Revolving Credit Lender for purposes of this definition) and (b) aggregate unused Revolving Credit Commitments; provided that the unused Revolving Credit Commitment of, and the portion of the Total Revolving Credit Outstandings held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Required Revolving Lenders. "Required Term Lenders" means, as of any date of determination, Term Lenders holding more than 50% of the Term Facility on such date; provided that the portion of the Term Facility held by any Defaulting Lender shall be excluded for purposes of making a determination of Required Term Lenders. "Rescindable Amount" has the meaning as defined in Section 2.12(b)(ii). "Resolution Authority" means an EEA Resolution Authority or, with respect to any UK Financial Institution, a UK Resolution Authority. "Responsible Officer" means the president, chief operating officer, chief executive officer, chief financial officer, treasurer, secretary, assistant secretary or controller of a Loan Party and, solely for purposes of the delivery of incumbency certificates pursuant to Section 4.01, the secretary or assistant secretary of a Loan Party, and, solely for purposes of notices given to Article II, any other officer or employee of the applicable Loan Party so designated by any of the foregoing officers in a notice to the Administrative Agent or any other officer or employee of the applicable Loan Party designated in or pursuant to an agreement between the applicable Loan Party and the Administrative Agent. Any document delivered hereunder that is signed by a Responsible Officer of a Loan Party shall be conclusively presumed to have been authorized by all necessary corporate, partnership and/or other action on the part of such Loan Party and such Responsible Officer shall be conclusively presumed to have acted on behalf of such Loan Party.

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&nbsp;&nbsp;&nbsp;&nbsp;31 207163075_10 "Restatement" has the meaning specified in the recitals hereto. "Restricted Payment" means any dividend or other distribution (whether in cash, securities or other property) with respect to any capital stock or other equity interest of the Company or any 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 such capital stock or other equity interest or of any option, warrant or other right to acquire any such capital stock or other equity interest. "Revaluation Date" means, with respect to any Letter of Credit, each of the following: (a) each date of issuance of a Letter of Credit denominated in an Alternative Currency, (b) each date of an amendment of any such Letter of Credit having the effect of increasing the amount thereof (solely with respect to the increased amount), (c) each date of any payment by the L/C Issuer under any Letter of Credit denominated in an Alternative Currency, (d) in the case of the Existing Letters of Credit denominated in an Alternative Currency, the Closing Date, and (e) such additional dates as the Administrative Agent or the L/C Issuer shall determine or the Required Lenders shall require. "Revolving Credit Borrowing" means a borrowing consisting of simultaneous Revolving Credit Loans of the same Type and, in the case of Term SOFR Loans, having the same Interest Period made by each of the Lenders pursuant to Section 2.01(b). "Revolving Credit Commitment" means, as to each Revolving Credit Lender, its obligation to (a) make Revolving Credit Loans to the Borrowers pursuant to Section 2.01(b), (b) purchase participations in L/C Obligations, and (c) purchase participations in Swing Line Loans, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Lender's name on Schedule 2.01 or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement. "Revolving Credit Exposure" means, as to any Lender at any time, the aggregate principal amount at such time of its outstanding Revolving Credit Loans and such Lender's participation in L/C Obligations and Swing Line Loans at such time. "Revolving Credit Facility" means, at any time, the aggregate amount of the Revolving Credit Lenders' Revolving Credit Commitments at such time. "Revolving Credit Increase" has the meaning assigned to such term in Section 2.14(a). "Revolving Credit Lender" means, at any time, any Lender that has a Revolving Credit Commitment at such time. "Revolving Credit Loan" has the meaning specified in Section 2.01(b). "Revolving Credit Note" means a promissory note made by the Borrowers in favor of a Revolving Credit Lender evidencing Revolving Credit Loans or Swing Line Loans, as the case may be, made by such Revolving Credit Lender, substantially in the form of Exhibit C-1. "Sanction(s)" means any sanction administered or enforced by the United States Government (including without limitation, OFAC), the United Nations Security Council, the European Union, His Majesty's Treasury ("HMT") or other relevant sanctions authorities in which the Company or any of its Subsidiaries does business. 32 207163075_10 "Scheduled Unavailability Date" has the meaning provided in Section 3.03(b). "SEC" means the Securities and Exchange Commission, or any Governmental Authority succeeding to any of its principal functions. "Secured Bilateral Letter of Credit" means any performance or financial standby letter of credit or trade or commercial letter of credit that is permitted to be secured by a Lien on Collateral pursuant to Section 7.01(x) or listed on Schedule 7.01(x) and that is issued by an LOC Bank for the account of the Company and/or any (or one or more) Subsidiary of the Company. "Secured Card Related Products Agreement" means any Card Related Products Agreement permitted by Article VII that is entered into by and between any Loan Party and any Card Related Products Bank. "Secured Cash Management Agreement" means any Cash Management Agreement permitted by Article VII that is entered into by and between any Loan Party and any Cash Management Bank. "Secured Hedge Agreement" means any Swap Contract permitted by Article VII that is entered into by and between any Loan Party and any Hedge Bank. "Secured Obligations" means (a) all Obligations, (b) all obligations of any Loan Party arising under Secured Card Related Products Agreements, Secured Cash Management Agreements, Secured Hedge Agreements and, if and only if permitted under Section 7.01(x), Secured Bilateral Letters of Credit and (c) all costs and expenses incurred in connection with enforcement and collection of the foregoing, including the fees, charges and disbursements of counsel, in each case whether direct or indirect (including those acquired by assumption), absolute or contingent, due or to become due, now existing or hereafter arising and including interest and fees that accrue after the commencement by or against any Loan Party or any Affiliate thereof of any proceeding under any Debtor Relief Laws naming such Person as the debtor in such proceeding, regardless of whether such interest and fees are allowed claims in such proceeding; provided that "Secured Obligations" shall exclude any Excluded Swap Obligations. "Secured Parties" means, collectively, with respect to each of the Security Instruments, the Administrative Agent, the Collateral Agent, the Lenders, the L/C Issuer, the Hedge Banks, the Cash Management Banks, the Card Related Products Banks, the LOC Banks, each co-agent or sub-agent appointed by the Administrative Agent from time to time pursuant to Section 9.05 and the other Persons the Secured Obligations owing to which are or are purported to be secured by the Collateral under the terms of the Security Instruments. "Security Agreement" means that certain Third Amended and Restated Security Agreement dated as of the date hereof among the Borrowers, the Guarantors and the Collateral Agent, attached as Exhibit H, as supplemented from time to time by the execution and delivery of Security Joinder Agreements pursuant to Section 6.14, and as modified, amended, amended and restated or supplemented from time to time. "Security Instruments" means, collectively, the Pledge Agreement, the Security Agreement and all other agreements (including control agreements), instruments and other documents, whether now existing or hereafter in effect, pursuant to which any Borrower or any Subsidiary or other Person shall grant or convey to the Collateral Agent or the Lenders a Lien in, or any other Person shall acknowledge any such Lien in, property as security for all or any portion of the Secured Obligations or any other obligation under any Loan Document, as any of them has been or may be amended, amended and restated, modified or supplemented from time to time. 33 207163075_10 "Security Joinder Agreement" means each Security Joinder Agreement, substantially in the form attached to the Security Agreement, executed and delivered by a Guarantor or any other Person to the Administrative Agent pursuant to Section 6.14. "SOFR" means the Secured Overnight Financing Rate as administered by the Federal Reserve Bank of New York (or a successor administrator). "Solvent" means, as to any Person at any time, that: (a) the fair value of the property of such Person is greater than the amount of such Person's liabilities (including disputed, contingent and unliquidated liabilities) as such value is established and liabilities evaluated for purposes of Section 101(32) of the Bankruptcy Code and, in the alternative, for purposes of the California Uniform Fraudulent Transfer Act; (b) the present fair saleable value of the property of such Person is not less than the amount that will be required to pay the probable liability of such Person on its debts as they become absolute and matured; (c) such Person is able to realize upon its property and pay its debts and other liabilities (including disputed, contingent and unliquidated liabilities) as they mature in the normal course of business; (d) such Person does not intend to, and does not believe that it will, incur debts or liabilities beyond such Person's ability to pay as such debts and liabilities mature; and (e) such Person is not engaged in business or a transaction for which such Person's property would constitute unreasonably small capital. "Specified Default" means an Event of Default arising under one or more of Sections 8.01(a), 8.01(f) or 8.01(g). "Specified Representations" means those representations and warranties set forth in Section 5.01 (except in respect of clause (c)), Section 5.02, Section 5.04, Section 5.07 (but only to the extent a Default of Event of Default would result from a breach of Section 7.12), Section 5.14, Section 5.19, Section 5.22, Section 5.23, Section 5.24 and Section 5.25. "Specified Loan Party" means any Loan Party that is not an "eligible contract participant" under the Commodity Exchange Act (determined prior to giving effect to Section 29 of the Guaranty). "Sterling" and "£" mean the lawful currency of the United Kingdom. "Subject Period" means, as of any date of determination, the four consecutive fiscal quarter period ending on such date. "Subsidiary" of a Person means a corporation, partnership, Joint Venture, limited liability company or other business entity of which a majority of the shares of securities or other interests having ordinary voting power for the election of directors or other governing body (other than securities or interests having such power only by reason of the happening of a contingency) are at the time beneficially owned, or the management of which is otherwise controlled, directly, or indirectly through one or more intermediaries, or both, by such Person. Unless otherwise specified, all references herein to a "Subsidiary" or to "Subsidiaries" shall refer to a Subsidiary or Subsidiaries of the Company. "Subsidiary Securities" means the shares of capital stock or other equity interests issued by or equity participations in any Material Subsidiary, whether or not constituting a "security" under Article 8 of the Uniform Commercial Code as in effect in any jurisdiction. "Successor Rate" has the meaning specified in Section 3.03(b). "Swap Contract" means (a) any and all rate swap transactions, basis swaps, credit derivative transactions, forward rate transactions, commodity swaps, commodity options, forward commodity 34 207163075_10 contracts, equity or equity index swaps or options, bond or bond price or bond index swaps or options or forward bond or forward bond price or forward bond index transactions, interest rate options, forward foreign exchange transactions, cap transactions, floor transactions, collar transactions, currency swap transactions, cross-currency rate swap transactions, currency options, spot contracts, or any other similar transactions or any combination of any of the foregoing (including any options to enter into any of the foregoing), whether or not any such transaction is governed by or subject to any master agreement, and (b) any and all transactions of any kind, and the related confirmations, which are subject to the terms and conditions of, or governed by, any form of master agreement published by the International Swaps and Derivatives Association, Inc., any International Foreign Exchange Master Agreement, or any other master agreement (any such master agreement, together with any related schedules, a "Master Agreement"), including any such obligations or liabilities under any Master Agreement; provided that the term "Swap Contract" shall not include any Permitted Call Spread Transaction. "Swap Obligations" means with respect to any Guarantor any obligation to pay or perform under any agreement, contract or transaction that constitutes a "swap" within the meaning of Section 1a(47) of the Commodity Exchange Act. "Swap Termination Value" means, in respect of any one or more Swap Contracts, after taking into account the effect of any legally enforceable netting agreement relating to such Swap Contracts, (a) for any date on or after the date such Swap Contracts have been closed out and termination value(s) determined in accordance therewith, such termination value(s), and (b) for any date prior to the date referenced in clause (a), the amount(s) determined as the mark-to-market value(s) for such Swap Contracts, as determined based upon one or more mid-market or other readily available quotations provided by any recognized dealer in such Swap Contracts (which may include a Lender or any Affiliate of a Lender). "Swing Line Borrowing" means a borrowing of a Swing Line Loan pursuant to Section 2.04. "Swing Line Lender" means Bank of America in its capacity as provider of Swing Line Loans, or any successor swing line lender hereunder, in each case, with the commitments of each Swing Line Lender as set forth in Schedule 2.01. "Swing Line Loan" has the meaning specified in Section 2.04(a). "Swing Line Loan Notice" means a notice of a Swing Line Borrowing pursuant to Section 2.04(b), which shall be substantially in the form of Exhibit B or such other form as approved by the Administrative Agent (including any form on an electronic platform or electronic transmission system as shall be approved by the Administrative Agent), appropriately completed and signed by a Responsible Officer of the Company. "Swing Line Sublimit" means, at any time, an amount equal to the lesser of (a) $20,000,000 and (b) the Revolving Credit Facility. The Swing Line Sublimit is part of, and not in addition to, the Revolving Credit Facility. "Synthetic Lease Obligation" means the monetary obligation of a Person under (a) a so-called synthetic, off-balance sheet or tax retention lease, or (b) an agreement for the use or possession of property creating obligations that do not appear on the balance sheet of such Person but which, upon the insolvency or bankruptcy of such Person, would be characterized as the indebtedness of such Person (without regard to accounting treatment).

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&nbsp;&nbsp;&nbsp;&nbsp;35 207163075_10 "Taxes" means all present or future taxes, levies, imposts, duties, deductions, withholdings (including backup withholding), assessments, fees or other charges imposed by any Governmental Authority, including any interest, additions to tax or penalties applicable thereto. "Term Borrowing" means a borrowing consisting of simultaneous Term Loans of the same Type and, in the case of Term SOFR Loans, having the same Interest Period made by each of the Term Lenders pursuant to Section 2.01(a). "Term Commitment" means, as to each Term Lender, its obligation to make Term Loans to the Borrowers pursuant to Section 2.01(a) in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Term Lender's name on Schedule 2.01 under the caption "Term Commitment". "Term Facility" means, at any time, the aggregate principal amount of the Term Loans and unused Term Commitments of all Term Lenders outstanding at such time. "Term Lender" means any Lender that has a Term Commitment or an outstanding Term Loan at such time. "Term Loan" has the meaning specified in Section 2.01(a). "Term Loan Exposure" means, as to any Lender at any time, the aggregate Outstanding Amount at such time of its Term Loans; provided that at any time prior to the making of the Term Loans, the Term Loan Exposure of any Lender shall be equal to such Lender's Term Commitment. "Term Loan Increase" has the meaning assigned to such term in Section 2.14(a). "Term Note" means a promissory note made by the Borrowers in favor of a Term Lender evidencing Term Loans made by such Term Lender, substantially in the form of Exhibit C-2. "Term SOFR" means: (a) for any Interest Period with respect to a Term SOFR Loan, the rate per annum equal to the Term SOFR Screen Rate two U.S. Government Securities Business Days prior to the commencement of such Interest Period with a term equivalent to such Interest Period; provided that if the rate is not published prior to 11:00 a.m. on such determination date then Term SOFR means the Term SOFR Screen Rate on the first U.S. Government Securities Business Day immediately prior thereto; and (b) for any interest calculation with respect to a Base Rate Loan on any date, the rate per annum equal to the Term SOFR Screen Rate two U.S. Government Securities Business Days prior to such date with a term of one month commencing that day; provided that if the rate is not published prior to 11:00 a.m. on such determination date then Term SOFR means the Term SOFR Screen Rate on the first U.S. Government Securities Business Day immediately prior thereto; provided that if Term SOFR determined in accordance with either of the foregoing clauses (a) or (b) of this definition would otherwise be less than zero, the Term SOFR shall be deemed zero for purposes of this Agreement. "Term SOFR Loan" means a Loan that bears interest at a rate based on clause (a) of the definition of Term SOFR. 36 207163075_10 "Term SOFR Screen Rate" means the forward-looking SOFR term rate administered by CME (or any successor administrator satisfactory to the Administrative Agent) and published on the applicable Reuters screen page (or such other commercially available source providing such quotations as may be designated by the Administrative Agent from time to time). "Threshold Amount" means, as of any date of determination, the greater of (a) $40,000,000 and (b) 10% of Consolidated EBITDA for the four consecutive fiscal quarter period most recently ended as of such date of determination for which financial statements have been delivered. "Total Credit Exposure" means, as to any Lender at any time, (a) in respect of the Revolving Credit Facility, the unused Revolving Credit Commitments and Revolving Credit Exposure of such Lender at such time and (b) in respect of the Term Facility, the Term Loan Exposure of such Lender at such time. "Total Outstandings" means the aggregate Outstanding Amount of all Loans and all L/C Obligations. Total Revolving Credit Outstandings" means the aggregate Outstanding Amount of all Revolving Credit Loans, Swing Line Loans and all L/C Obligations. "Type" means, with respect to a Loan, its character as a Base Rate Loan or a Term SOFR Loan. "UK Financial Institution" means any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended from time to time) promulgated by the United Kingdom Prudential Regulation Authority) or any person subject to 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. "United States" and "U.S." mean the United States of America. "Unreimbursed Amount" has the meaning specified in Section 2.03(c)(i). "U.S. Entity" means any United States citizen, lawful permanent resident, entity organized under the laws of the United States or any jurisdiction within the United States, including any foreign branch of any such entity, or any Person in the United States. "U.S. Government Securities Business Day" means any day except for (a) a Saturday, (b) a Sunday or (c) a day on which the Securities Industry and Financial Markets Association recommends that the fixed income departments of its members be closed for the entire day for purposes of trading in United States government securities. "U.S. Person" means any Person that is a "United States Person" as defined in Section 7701(a)(30) of the Code. "U.S. Tax Compliance Certificate" has the meaning specified in Section 3.01(e)(ii)(B)(III). "Voting Securities" means shares of capital stock issued by a corporation, or equivalent interests in any other Person, the holders of which are ordinarily, in the absence of contingencies, entitled to vote for 37 207163075_10 the election of directors (or persons performing similar functions) of such Person, even if the right so to vote has been suspended by the happening of such a contingency. "Weighted Average Life to Maturity" means, when applied to any Indebtedness, at any date, the quotient obtained by dividing: (a) the sum of the products of the number of years from the date of determination to the date of each successive scheduled principal payment of such Indebtedness multiplied by the amount of such payment by (b) the sum of all such payments. "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. "Yen" and "¥" mean the lawful currency of Japan. 1.02 Other Interpretive Provisions. With reference to this Agreement and each other Loan Document, unless otherwise specified herein or in such other Loan Document: (a) The definitions of terms herein shall apply equally to the singular and plural forms of the terms defined. Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words "include," "includes" and "including" shall be deemed to be followed by the phrase "without limitation." The word "will" shall be construed to have the same meaning and effect as the word "shall." Unless the context requires otherwise, (i) any definition of or reference to any agreement, instrument or other document (including any Organization Document) shall be construed as referring to such agreement, instrument or other document as from time to time amended, supplemented or otherwise modified (subject to any restrictions on such amendments, supplements or modifications set forth herein or in any other Loan Document), (ii) any reference herein to any Person shall be construed to include such Person's successors and assigns, (iii) the words "hereto," "herein," "hereof" and "hereunder," and words of similar import when used in any Loan Document, shall be construed to refer to such Loan Document in its entirety and not to any particular provision thereof, (iv) all references in a Loan Document to Articles, Sections, Exhibits and Schedules shall be construed to refer to Articles and Sections of, and Exhibits and Schedules to, the Loan Document in which such references appear, (v) any reference to any law shall include all statutory and regulatory provisions consolidating, amending, replacing or interpreting such law and any reference to any law or regulation shall, unless otherwise specified, refer to such law or regulation as amended, modified or supplemented from time to time, and (vi) the words "asset" and "property" shall be construed to have the same meaning and effect and to refer to any and all tangible and intangible assets and properties, including cash, securities, accounts and contract rights. (b) In the computation of periods of time from a specified date to a later specified date, the word "from" means "from and including;" the words "to" and "until" each mean "to but excluding;" and the word "through" means "to and including." (c) Section headings herein and in the other Loan Documents are included for convenience of reference only and shall not affect the interpretation of this Agreement or any other Loan Document. 38 207163075_10 (d) Any reference herein to a merger, consolidation, amalgamation, assignment, sale, disposition or transfer, or similar term, shall be deemed to apply to a division of or by a limited liability company, or an allocation of assets to a series of a limited liability company (or the unwinding of such a division or allocation), as if it were a merger, consolidation, amalgamation, assignment, sale, disposition or transfer, or similar term, as applicable, to, of or with a separate Person. Any Division of a limited liability company shall constitute a separate Person hereunder (and each Division of any limited liability company that is a Subsidiary, joint venture or any other like term shall also constitute such a Person or entity). 1.03 Accounting Terms. (a) Generally. All accounting terms not specifically or completely defined herein shall be construed in conformity with, and all financial data (including financial ratios and other financial calculations) required to be submitted pursuant to this Agreement shall be prepared in conformity with, GAAP applied on a consistent basis, as in effect from time to time, applied in a manner consistent with that used in preparing the Audited Financial Statements, except as otherwise specifically prescribed herein. Notwithstanding the foregoing, for purposes of determining compliance with any covenant (including the computation of any financial covenant) contained herein, Indebtedness of the Company and its Subsidiaries shall be deemed to be carried at 100% of the outstanding principal amount thereof, and the effects of FASB ASC 825 on financial liabilities shall be disregarded. (b) Changes in GAAP. If at any time any change in GAAP would affect the computation of any financial ratio or requirement set forth in any Loan Document, and either the Company or the Required Lenders shall so request, the Administrative Agent, the Lenders and the Company shall negotiate in good faith to amend such ratio or requirement to preserve the original intent thereof in light of such change in GAAP (subject to the approval of the Required Lenders); provided that, until so amended, (i) such ratio or requirement shall continue to be computed in accordance with GAAP prior to such change therein and (ii) the Company shall provide to the Administrative Agent and the Lenders financial statements and other documents required under this Agreement or as reasonably requested hereunder setting forth a reconciliation between calculations of such ratio or requirement made before and after giving effect to such change in GAAP. (c) Consolidation of Variable Interest Entities. All references herein to consolidated financial statements of the Company and its Subsidiaries or to the determination of any amount for the Company and its Subsidiaries on a consolidated basis or any similar reference shall, in each case, be deemed to include each variable interest entity that the Company is required to consolidate pursuant to FASB ASC 810 as if such variable interest entity were a Subsidiary as defined herein. (d) Pro Forma Basis. All defined terms used in the calculation of the financial covenants set forth in Section 7.12 hereof shall be calculated on an historical pro forma basis giving effect (by inclusion or exclusion, as applicable), during any period of measurement that includes the merger or any Acquisition permitted by Sections 7.02 and 7.04, as applicable, to the actual historical results of the Person so acquired. 1.04 Rounding. Any financial ratios required to be maintained by the Company pursuant to this Agreement shall be calculated by dividing the appropriate component by the other component, carrying the result to one place more than the number of places by which such ratio is expressed herein and rounding the result up or down to the nearest number (with a rounding-up if there is no nearest number). 1.05 Exchange Rates; Currency Equivalents. With reference to this Agreement and each other Loan Document, unless otherwise specified herein or in such other Loan Document:

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&nbsp;&nbsp;&nbsp;&nbsp;39 207163075_10 (a) The Administrative Agent or the L/C Issuer, as applicable, shall determine the Dollar Equivalent amounts of Credit Extensions and Outstanding Amounts denominated in Alternative Currencies. Such Dollar Equivalent shall become effective as of such Revaluation Date and shall be the Dollar Equivalent of such amounts until the next Revaluation Date to occur. Except for purposes of financial statements delivered by Loan Parties hereunder or calculating financial covenants hereunder or except as otherwise provided herein, the applicable amount of any currency (other than Dollars) for purposes of the Loan Documents shall be such Dollar Equivalent amount as so determined by the Administrative Agent or the L/C Issuer, as applicable. (b) Wherever in this Agreement in connection with the issuance, amendment or extension of a Letter of Credit, an amount, such as a required minimum or multiple amount, is expressed in Dollars, but such Letter of Credit is denominated in an Alternative Currency, such amount shall be the relevant Alternative Currency Equivalent of such Dollar amount (rounded to the nearest unit of such Alternative Currency, with 0.5 of a unit being rounded upward), as determined by the Administrative Agent or the L/C Issuer, as the case may be. 1.06 Additional Alternative Currencies. (a) The Company may from time to time request that Letters of Credit be issued in a currency other than those specifically listed in the definition of "Alternative Currency;" provided that such requested currency is a lawful currency (other than Dollars) that is readily available and freely transferable and convertible into Dollars. Such request shall be subject to the approval of the Administrative Agent and the L/C Issuer. (b) Any such request shall be made to the Administrative Agent not later than 11:00 a.m., ten Business Days prior to the date of the desired Credit Extension (or such other time or date as may be agreed by the Administrative Agent and the L/C Issuer, in its or their sole discretion). The Administrative Agent shall promptly notify the L/C Issuer thereof. The L/C Issuer shall notify the Administrative Agent, not later than 11:00 a.m., five Business Days after receipt of such request (or such other time or date as may be agreed by the Administrative Agent and the L/C Issuer, in its or their sole discretion) whether it consents, in its sole discretion, to the issuance of Letters of Credit in such requested currency. (c) Any failure by the L/C Issuer to respond to such request within the time period specified in the preceding sentence shall be deemed to be a refusal by the L/C Issuer to permit Letters of Credit to be issued in such requested currency. If the Administrative Agent and the L/C Issuer consent to the issuance of Letters of Credit in such requested currency, the Administrative Agent shall so notify the Company and such currency shall thereupon be deemed for all purposes to be an Alternative Currency hereunder for purposes of any Letter of Credit issuances. If the Administrative Agent shall fail to obtain consent to any request for an additional currency under this Section 1.06, the Administrative Agent shall promptly so notify the Company. 1.07 Change of Currency. Each obligation of the Borrowers to make a payment denominated in the national currency unit of any member state of the European Union that adopts the Euro as its lawful currency after the date hereof shall be redenominated into Euro at the time of such adoption. If, in relation to the currency of any such member state, the basis of accrual of interest expressed in this Agreement in respect of that currency shall be inconsistent with any convention or practice in the interbank market for the basis of accrual of interest in respect of the Euro, such expressed basis shall be replaced by such convention or practice with effect from the date on which such member state adopts the Euro as its lawful currency. 40 207163075_10 (a) Each provision of this Agreement shall be subject to such reasonable changes of construction as the Administrative Agent may from time to time specify to be appropriate to reflect the adoption of the Euro by any member state of the European Union and any relevant market conventions or practices relating to the Euro. (b) Each provision of this Agreement also shall be subject to such reasonable changes of construction as the Administrative Agent may from time to time specify to be appropriate to reflect a change in currency of any other country and any relevant market conventions or practices relating to the change in currency. 1.08 Times of Day. Unless otherwise specified, all references herein to times of day shall be references to Pacific time (daylight or standard, as applicable). 1.09 Letter of Credit Amounts. Unless otherwise specified herein, the amount of a Letter of Credit at any time shall be deemed to be the Dollar Equivalent of the stated amount of such Letter of Credit in effect at such time; provided, however, that with respect to any Letter of Credit that, by its terms or the terms of any Issuer Document related thereto, provides for one or more automatic increases in the stated amount thereof, the amount of such Letter of Credit shall be deemed to be the maximum stated amount of such Letter of Credit after giving effect to all such increases, whether or not such maximum stated amount is in effect at such time. 1.10 Amendment and Restatement. In order to facilitate the Restatement and otherwise to effectuate the desires of the Borrowers, the Administrative Agent and the Lenders: (a) Simultaneously with the Closing Date, the parties hereby agree that the Commitments shall be as set forth in Schedule 2.01 and the portion of Revolving Credit Loans and other Outstanding Amounts outstanding under the Existing Credit Agreement shall be reallocated in accordance with such Commitments and the requisite assignments shall be deemed to be made in such amounts by and between the Lenders and from each Lender to each other Lender, with the same force and effect as if such assignments were evidenced by applicable assignment agreements required pursuant to Section 10.06 of the Existing Credit Agreement. Notwithstanding anything to the contrary in Section 10.06 of the Existing Credit Agreement or Section 10.06 of this Agreement, no other documents or instruments, including any assignment agreements, shall be executed in connection with these assignments (all of which requirements are hereby waived), and such assignments shall be deemed to be made with all applicable representations, warranties and covenants as if evidenced by an assignment agreement. On the Closing Date, the Lenders shall make full cash settlement with each other either directly or through the Administrative Agent, as the Administrative Agent may direct or approve, with respect to all assignments, reallocations and other changes in Commitments (as such term is defined in the Existing Credit Agreement) such that after giving effect to such settlements each Lender's Applicable Percentage shall be as set forth on Schedule 2.01. (b) Each Borrower, the Administrative Agent, and the Lenders hereby agree that upon the effectiveness of this Agreement, the terms and provisions of the Existing Credit Agreement which in any manner govern or evidence the Obligations, the rights and interests of the Administrative Agent and the Lenders and any terms, conditions or matters related to any thereof, shall be and hereby are amended and restated in their entirety by the terms, conditions and provisions of this Agreement, and the terms and provisions of the Existing Credit Agreement, except as otherwise expressly provided herein, shall be superseded by this Agreement. (c) Notwithstanding this amendment and restatement of the Existing Credit Agreement, including anything in this Section 1.10, and in any related "Loan Documents" (as such term is defined in the Existing Credit Agreement and referred to herein, individually or collectively, as the "Prior Loan 41 207163075_10 Documents"), (i) all of the indebtedness, liabilities and obligations owing by any Loan Party under the Existing Credit Agreement and other Prior Loan Documents shall continue as Obligations hereunder and all indebtedness, liabilities and obligations of any Person other than a Loan Party under the Existing Credit Agreement and other Prior Loan Documents shall continue as obligations of such Person hereunder, and (ii) each of this Agreement and the Notes and any other Loan Document (as defined herein) that is amended and restated in connection with this Agreement is given as a substitution of, and not as a payment of, the indebtedness, liabilities and obligations of the Borrowers under the Existing Credit Agreement or any Prior Loan Document and neither the execution and delivery of such documents nor the consummation of any other transaction contemplated hereunder is intended to constitute a novation of the Existing Credit Agreement or of any of the other Prior Loan Documents or any obligations thereunder. Upon the effectiveness of this Agreement, all Revolving Credit Loans owing by the Borrowers and outstanding under the Existing Credit Agreement shall continue as Revolving Credit Loans hereunder and shall constitute advances hereunder, and all Letters of Credit outstanding under the Existing Credit Agreement and any of the Prior Loan Documents shall continue as Letters of Credit hereunder. Upon the effectiveness of this Agreement, all Base Rate Loans under the Existing Credit Agreement shall continue hereunder and shall accrue interest at the Base Rate hereunder and all Term SOFR Loans and their related Interest Periods under the Existing Credit Agreement shall continue hereunder and shall accrue interest at Term SOFR hereunder; provided, that on and after the Closing Date, the Applicable Rate applicable to any Loan or Letter of Credit hereunder shall be as set forth in the definition of Applicable Rate in Section 1.01, without regard to any margin applicable thereto under the Existing Credit Agreement prior to the Closing Date. The parties hereby agree that the transactions contemplated under this Section 1.10 shall not give rise to any obligation of a Borrower to make any payment under Section 3.04 or 3.05 of the Existing Credit Agreement. 1.11 Interest Rates. The Administrative Agent does not warrant, nor accept responsibility, nor shall the Administrative Agent have any liability with respect to the administration, submission or any other matter related to any reference rate referred to herein or with respect to any rate (including, for the avoidance of doubt, the selection of such rate and any related spread or other adjustment) that is an alternative or replacement for or successor to any such rate (including, without limitation, any Successor Rate) (or any component of any of the foregoing) or the effect of any of the foregoing, or of any Conforming Changes. The Administrative Agent and its affiliates or other related entities may engage in transactions or other activities that affect any reference rate referred to herein, or any alternative, successor or replacement rate (including, without limitation, any Successor Rate) (or any component of any of the foregoing) or any related spread or other adjustments thereto, in each case, in a manner adverse to the Borrowers. The Administrative Agent may select information sources or services in its reasonable discretion to ascertain any reference rate referred to herein or any alternative, successor or replacement rate (including, without limitation, any Successor Rate) (or any component of any of the foregoing), in each case pursuant to the terms of this Agreement, and shall have no liability to the Borrowers, 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 other action or omission related to or affecting the selection, determination, or calculation of any rate (or component thereof) provided by any such information source or service. 1.12 Limited Condition Acquisitions. (a) If at any time the Company has made an election with respect to any Limited Condition Acquisition to test a financial ratio test or condition at the time of the execution and delivery of the purchase agreement or other agreement related to such Limited Condition Acquisition, then in connection with any subsequent calculation of any financial covenant for any purpose under this Agreement (including any basket, any measurement, or for purposes of Section 7.12) following the relevant date of execution of the 42 207163075_10 definitive agreement with respect to such Limited Condition Acquisition and prior to the earlier of (i) the date on which such Limited Condition Acquisition is consummated or (ii) the date that the definitive agreement for such Limited Condition Acquisition is terminated or expires without consummation of such Limited Condition Acquisition, any such financial covenant shall be required to be satisfied both (A) on a pro forma basis assuming such Limited Condition Acquisition and other transactions in connection therewith (including the incurrence or assumption of Indebtedness) have been consummated and (B) assuming such Limited Condition Acquisition and other transactions in connection therewith (including the incurrence or assumption of Indebtedness) have not been consummated. (b) For purposes of (i) determining compliance with any provision of the Loan Documents that requires the calculation of the Consolidated Leverage Ratio, the Consolidated Interest Coverage Ratio or other financial test, (ii) determining compliance with representations, warranties, defaults or events of default or (iii) testing availability under provisions set forth in the Loan Documents (including any provisions measured as a percentage of assets, Consolidated EBITDA or other basis), in each case, in connection with a Limited Condition Acquisition, at the option of the Company (the Company's election to exercise such option in connection with any Limited Condition Acquisition, an "LCA Election"), the date of determination of whether any such action is permitted hereunder, shall be deemed to be the date the definitive agreements for such Limited Condition Acquisition are entered into or irrevocable notice is given (the "LCA Test Date"), and if, after giving pro forma effect to the Limited Condition Acquisition and the other transactions to be entered into in connection therewith as if they had occurred at the beginning of the most recent test period ending prior to the LCA Test Date, the Company could have taken such action on the relevant LCA Test Date in compliance with such ratio or provision, such ratio or provision shall be deemed to have been complied with. ARTICLE II THE COMMITMENTS AND CREDIT EXTENSIONS 2.01 Loans. (a) The Term Borrowing. Subject to the terms and conditions set forth herein, each Term Lender severally agrees to make up to two term loans (each such loan, a "Term Loan") to the Company from time to time, on any Business Day during the Availability Period for the Term Facility, in an aggregate amount not to exceed such Term Lender's Term Commitment; provided that notwithstanding anything to the contrary contained herein, the aggregate amount of Term Loans that may be borrowed on a delayed draw basis following the initial Term Borrowing on the Closing Date shall not exceed $75,000,000 and notwithstanding anything to the contrary contained herein, no Lender shall have an obligation hereunder to extend Term Loans in an aggregate principal amount that exceeds $75,000,000 following the Closing Date. Each Term Borrowing shall consist of Term Loans made simultaneously by the Term Lenders in accordance with their respective Applicable Percentage of the Term Facility. Amounts borrowed under this Section 2.01(a) and repaid or prepaid may not be reborrowed. Term Loans may be Base Rate Loans or Term SOFR Loans, as further provided herein; provided, however, that any Term Loans made on the Closing Date shall be Base Rate Loans, unless a funding indemnity letter in form and substance reasonably satisfactory to the Administrative Agent has been delivered by the Company to the Administrative Agent not later than two Business Days prior to the Closing Date. Term Loans may be made in Dollars only. (b) Revolving Credit Loans. Subject to the terms and conditions set forth herein, each Revolving Credit Lender severally agrees to make loans (each such loan, a "Revolving Credit Loan") to the Borrowers from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Lender's Commitment; provided, however, that after giving effect to any Revolving Credit Borrowing, (a) the Total Revolving Credit Outstandings shall not exceed the Revolving Credit Facility, and (b) the Revolving Credit Exposure of each Revolving Credit Lender shall not exceed such Revolving Credit Lender's Revolving Credit Commitment.

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&nbsp;&nbsp;&nbsp;&nbsp;43 207163075_10 Within the limits of each Revolving Credit Lender's Revolving Credit Commitment, and subject to the other terms and conditions hereof, the Borrowers may borrow under this Section 2.01(b), prepay under Section 2.05, and reborrow under this Section 2.01(b). Revolving Credit Loans may be Base Rate Loans or Term SOFR Loans, as further provided herein; provided, however, that any Revolving Credit Loans made on the Closing Date shall be Base Rate Loans, unless a funding indemnity letter in form and substance reasonably satisfactory to the Administrative Agent has been delivered by the Borrowers to the Administrative Agent not later than two Business Days prior to the Closing Date. Revolving Credit Loans may be made in Dollars only. 2.02 Borrowings, Conversions and Continuations of Loans. (a) Each Term Borrowing, each Revolving Credit Borrowing, each conversion of Term Loans or Revolving Credit Loans from one Type to the other, and each continuation of Term SOFR Loans shall be made upon the Company's irrevocable notice to the Administrative Agent, which may be given by (A) telephone, or (B) a Loan Notice; provided that any telephone notice must be confirmed promptly by delivery to the Administrative Agent of a Loan Notice. Each such notice must be received by the Administrative Agent not later than 9:00 a.m. (i) two Business Days prior to the requested date of any Borrowing of, conversion to or continuation of Term SOFR Loans or of any conversion of Term SOFR Loans to Base Rate Loans, and (ii) on the requested date of any Borrowing of Base Rate Loans. Each Borrowing of, conversion to or continuation of Term SOFR Loans shall be in a principal amount of $3,000,000 or a whole multiple of $1,000,000 in excess thereof. Except as provided in Sections 2.03(c) and 2.04(c), each Borrowing of or conversion to Base Rate Loans shall be in a principal amount of $1,000,000 or a whole multiple of $500,000 in excess thereof. Each Loan Notice (whether telephonic or written) shall specify (i) whether the Company is requesting a Term Borrowing, a Revolving Credit Borrowing, a conversion of Term Loans or Revolving Credit Loans from one Type to the other, or a continuation of Term SOFR Loans, (ii) the requested date of the Borrowing, conversion or continuation, as the case may be (which shall be a Business Day), (iii) the principal amount of Loans to be borrowed, converted or continued, (iv) the Type of Loans to be borrowed or to which existing Loans are to be converted, (v) if applicable, the duration of the Interest Period with respect thereto and (vi) the Borrower for which such Borrowing is requested. If the Company fails to specify a Type of Loan in a Loan Notice or if the Company fails to give a timely notice requesting a conversion or continuation, then the applicable Loans shall be made as, or converted to, Term SOFR Loans with an Interest Period of one month. If the Company requests a Borrowing of, conversion to, or continuation of Term SOFR Loans in any such Loan Notice, but fails to specify an Interest Period, it will be deemed to have specified an Interest Period of one month. Notwithstanding anything to the contrary herein, a Swing Line Loan may not be converted to a Term SOFR Loan. (b) Following receipt of a Loan Notice, the Administrative Agent shall promptly notify each Lender of the amount of its Applicable Percentage of the applicable Loans, and if no timely notice of a conversion or continuation is provided by the Company, the Administrative Agent shall notify each Lender of the details of any automatic conversion to Base Rate Loans described in the preceding subsection. In the case of a Term Borrowing or a Revolving Credit Borrowing, each Appropriate Lender shall make the amount of its Loan available to the Administrative Agent in immediately available funds at the Administrative Agent's Office not later than 11:00 a.m. on the Business Day specified in the applicable Loan Notice. Upon satisfaction of the applicable conditions set forth in Section 4.02 (and, if such Borrowing is the initial Credit Extension, Section 4.01), the Administrative Agent shall make all funds so received available to the Company or the applicable Borrower in like funds as received by the Administrative Agent either by (i) crediting the account of the Company on the books of Bank of America with the amount of such funds or (ii) wire transfer of such funds, in each case in accordance with instructions provided to (and reasonably acceptable to) the Administrative Agent by the Company; provided, however, that if, on the date the Loan Notice with respect to such Borrowing is given by the Company, there are L/C 44 207163075_10 Borrowings outstanding, then the proceeds of such Borrowing, first, shall be applied to the payment in full of any such L/C Borrowings, and second, shall be made available to the Borrowers as provided above. (c) Except as otherwise provided herein, a Term SOFR Loan may be continued or converted only on the last day of an Interest Period for such Term SOFR Loan. During the existence of a Default, no Loans may be requested as, converted to or continued as Term SOFR Loans without the consent of the Required Lenders. (d) The Administrative Agent shall promptly notify the Company and the Lenders of the interest rate applicable to any Interest Period for Term SOFR Loans upon determination of such interest rate. At any time that Base Rate Loans are outstanding, the Administrative Agent shall notify the Company and the Lenders of any change in Bank of America's prime rate used in determining the Base Rate promptly following the public announcement of such change. (e) After giving effect to all Term Borrowings, all conversions of Term Loans from one Type to the other, and all continuations of Term Loans as the same Type, there shall not be more than five Interest Periods in effect with respect to the Term Facility. After giving effect to all Revolving Credit Borrowings, all conversions of Revolving Credit Loans from one Type to the other, and all continuations of Revolving Credit Loans as the same Type, there shall not be more than ten Interest Periods in effect with respect to the Revolving Credit Facility. (f) The Obligations of the Company and each other Borrower shall be joint and several in nature. (g) Each Subsidiary of the Company that is a "Borrower" hereunder hereby irrevocably appoints the Company as its agent for all purposes relevant to this Agreement and each of the other Loan Documents, including (i) the giving and receipt of notices, (ii) the execution and delivery of all documents, instruments and certificates contemplated herein and all modifications hereto, and (iii) the receipt of the proceeds of any Loans made by the Lenders, to any such Borrower hereunder. Any acknowledgment, consent, direction, certification or other action which might otherwise be valid or effective only if given or taken by all Borrowers, or by each Borrower acting singly, shall be valid and effective if given or taken only by the Company, whether or not any such other Borrower joins therein. Any notice, demand, consent, acknowledgement, direction, certification or other communication delivered to the Company in accordance with the terms of this Agreement shall be deemed to have been delivered to each Borrower. (h) Notwithstanding anything to the contrary in this Agreement, any Lender may exchange, continue or rollover all of the portion of its Loans in connection with any refinancing, extension, loan modification or similar transaction permitted by the terms of this Agreement, pursuant to a cashless settlement mechanism approved by the Company, the Administrative Agent, and such Lender. (i) With respect to SOFR or Term SOFR, the Administrative Agent will have the right to make Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Loan Document, any amendments implementing such Conforming Changes will become effective without any further action or consent of any other party to this Agreement or any other Loan Document; provided that, with respect to any such amendment effected, the Administrative Agent shall post each such amendment implementing such Conforming Changes to the Company and the Lenders reasonably promptly after such amendment becomes effective. 2.03 Letters of Credit. (a) The Letter of Credit Commitment. 45 207163075_10 (i) Subject to the terms and conditions set forth herein, (A) the L/C Issuer agrees, in reliance upon the agreements of the Revolving Credit Lenders set forth in this Section 2.03, (1) from time to time on any Business Day during the period from the Closing Date until the Letter of Credit Expiration Date, to issue Letters of Credit for the account of any Borrower or its Subsidiaries, and to amend or extend Letters of Credit previously issued by it, in accordance with subsection (b) below, and (2) to honor drawings under the Letters of Credit; and (B) the Revolving Credit Lenders severally agree to participate in Letters of Credit issued for the account of any Borrower or its Subsidiaries and any drawings thereunder; provided that after giving effect to any L/C Credit Extension with respect to any Letter of Credit, (1) the Total Revolving Credit Outstandings shall not exceed the Revolving Credit Facility, (2) the Revolving Credit Exposure of any Lender shall not exceed such Lender's Revolving Credit Commitment, (3) the Outstanding Amount of the L/C Obligations shall not exceed the Letter of Credit Sublimit, (4) the Outstanding Amount of the L/C Obligations under Financial Letters of Credit shall not exceed the Financial Letter of Credit Sublimit and (5) the aggregate amount of the outstanding Letters of Credit issued by any L/C Issuer shall not exceed its L/C Commitment. Each request by the Company for the issuance or amendment of a Letter of Credit shall be deemed to be a representation by the Company that the L/C Credit Extension so requested complies with the conditions set forth in the proviso to the preceding sentence. Within the foregoing limits, and subject to the terms and conditions hereof, each Borrower's ability to obtain Letters of Credit shall be fully revolving, and accordingly any Borrower may, during the foregoing period, obtain Letters of Credit to replace Letters of Credit that have expired or that have been drawn upon and reimbursed. All Existing Letters of Credit shall be deemed to have been issued pursuant hereto, and from and after the Closing Date shall be subject to and governed by the terms and conditions hereof. (ii) The L/C Issuer shall not issue any Letter of Credit, if: (A) subject to Section 2.03(b)(iii), the expiry date of the requested Letter of Credit would occur more than twelve months after the date of issuance or last extension, unless the Required Revolving Lenders have approved such expiry date; or (B) the expiry date of the requested Letter of Credit would occur after the Letter of Credit Expiration Date, unless the Borrowers shall have made arrangements acceptable to the L/C Issuer to Cash Collateralize such Letter of Credit. (iii) The L/C Issuer shall not be under any obligation to issue any Letter of Credit if: (A) any order, judgment or decree of any Governmental Authority or arbitrator shall by its terms purport to enjoin or restrain the L/C Issuer from issuing the Letter of Credit, or any Law applicable to the L/C Issuer or any request or directive (whether or not having the force of law) from any Governmental Authority with jurisdiction over the L/C Issuer shall prohibit, or request that the L/C Issuer refrain from, the issuance of letters of credit generally or the Letter of Credit in particular or shall impose upon the L/C Issuer with respect to the Letter of Credit any restriction, reserve or capital requirement (for which the L/C Issuer is not otherwise compensated hereunder) not in effect on the Closing Date, or shall impose upon the L/C Issuer any unreimbursed loss, cost or expense which was not applicable on the Closing Date and which the L/C Issuer in good faith deems material to it; (B) the issuance of the Letter of Credit would violate one or more policies of the L/C Issuer applicable to letters of credit generally; 46 207163075_10 (C) except as otherwise agreed by the Administrative Agent and the L/C Issuer, the Letter of Credit is in an initial stated amount less than the Dollar Equivalent of $1,000,000; (D) the Letter of Credit is to be denominated in a currency other than Dollars or an Alternative Currency; (E) any Revolving Credit Lender is at that time a Defaulting Lender, unless (a) the L/C Issuer has entered into arrangements, including the delivery of Cash Collateral, satisfactory to the L/C Issuer (in its sole discretion) with such Revolving Credit Lender to eliminate the L/C Issuer's actual or potential Fronting Exposure (after giving effect to Section 2.16(a)(iv)) with respect to the Defaulting Lender arising from either the Letter of Credit then proposed to be issued or that Letter of Credit and all other L/C Obligations as to which the L/C Issuer has actual or potential Fronting Exposure, as it may elect in its sole discretion or (b) the Borrowers have delivered Cash Collateral as required pursuant to Section 2.15(a); or (F) the Letter of Credit contains any provisions for automatic reinstatement of the stated amount after any drawing thereunder. (iv) The L/C Issuer shall not amend any Letter of Credit if the L/C Issuer would not be permitted at such time to issue the Letter of Credit in its amended form under the terms hereof. (v) The L/C Issuer shall be under no obligation to amend any Letter of Credit if (A) the L/C Issuer would have no obligation at such time to issue the Letter of Credit in its amended form under the terms hereof, or (B) the beneficiary of the Letter of Credit does not accept the proposed amendment to the Letter of Credit. (vi) The L/C Issuer shall act on behalf of the Revolving Credit Lenders with respect to any Letters of Credit issued by it and the documents associated therewith, and the L/C Issuer shall have all of the benefits and immunities (A) provided to the Administrative Agent in Article IX with respect to any acts taken or omissions suffered by the L/C Issuer in connection with Letters of Credit issued by it or proposed to be issued by it and Issuer Documents pertaining to such Letters of Credit as fully as if the term "Administrative Agent" as used in Article IX included the L/C Issuer with respect to such acts or omissions, and (B) as additionally provided herein with respect to the L/C Issuer. (b) Procedures for Issuance and Amendment of Letters of Credit; Auto-Extension Letters of Credit. (i) Each Letter of Credit shall be issued or amended, as the case may be, upon the request of the Company delivered to the L/C Issuer (with a copy to the Administrative Agent) in the form of a Letter of Credit Application, appropriately completed and signed by one (1) Responsible Officer of the Company. Such Letter of Credit Application may be sent by facsimile, by United States mail, by overnight courier, by electronic transmission using the system provided by the L/C Issuer, by personal delivery or by any other means acceptable to the L/C Issuer. Such Letter of Credit Application must be received by the L/C Issuer and the Administrative Agent not later than 9:00 a.m. at least two Business Days (or such later date and time as the Administrative Agent and the L/C Issuer may agree in a particular instance in their sole discretion) prior to the proposed issuance date or date of amendment, as the case may be. In the case of a request for an initial issuance of a Letter of Credit, such Letter of Credit Application shall specify in form and

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&nbsp;&nbsp;&nbsp;&nbsp;47 207163075_10 detail satisfactory to the L/C Issuer: (A) the proposed issuance date of the requested Letter of Credit (which shall be a Business Day); (B) the amount and currency thereof; (C) the expiry date thereof; (D) the name and address of the beneficiary thereof; (E) the documents to be presented by such beneficiary in case of any drawing thereunder; (F) the full text of any certificate to be presented by such beneficiary in case of any drawing thereunder; (G) the purpose and nature of the requested Letter of Credit; and (H) such other matters as the L/C Issuer may require. In the case of a request for an amendment of any outstanding Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the L/C Issuer (A) the Letter of Credit to be amended; (B) the proposed date of amendment thereof (which shall be a Business Day); (C) the nature of the proposed amendment; and (D) such other matters as the L/C Issuer may require. Additionally, the Company shall furnish to the L/C Issuer and the Administrative Agent such other documents and information pertaining to such requested Letter of Credit issuance or amendment, including any Issuer Documents, as the L/C Issuer or the Administrative Agent may require. (ii) Promptly after receipt of any Letter of Credit Application, the L/C Issuer will confirm with the Administrative Agent (by telephone or in writing) that the Administrative Agent has received a copy of such Letter of Credit Application from the Company and, if not, the L/C Issuer will provide the Administrative Agent with a copy thereof. Unless the L/C Issuer has received written notice from any Revolving Credit Lender, the Administrative Agent or any Loan Party, at least one Business Day prior to the requested date of issuance or amendment of the applicable Letter of Credit, that one or more applicable conditions contained in Article IV shall not then be satisfied, then, subject to the terms and conditions hereof, the L/C Issuer shall, on the requested date, issue a Letter of Credit for the account of the Company (or the applicable Borrower or Subsidiary) or enter into the applicable amendment, as the case may be, in each case in accordance with the L/C Issuer's usual and customary business practices. Immediately upon the issuance of each Letter of Credit, each Revolving Credit Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the L/C Issuer a risk participation in such Letter of Credit in an amount equal to the product of such Revolving Credit Lender's Applicable Percentage times the amount of such Letter of Credit. (iii) If the Company so requests in any applicable Letter of Credit Application, the L/C Issuer may, in its sole discretion, agree to issue a Letter of Credit that has automatic extension provisions (each, an "Auto-Extension Letter of Credit"); provided that any such Auto-Extension Letter of Credit must permit the L/C Issuer to prevent any such extension at least once in each twelve-month period (commencing with the date of issuance of such Letter of Credit) by giving prior notice to the beneficiary thereof not later than a day (the "Non-Extension Notice Date") in each such twelve-month period to be agreed upon at the time such Letter of Credit is issued. Unless otherwise directed by the L/C Issuer, the Company shall not be required to make a specific request to the L/C Issuer for any such extension. Once an Auto-Extension Letter of Credit has been issued, the Revolving Credit Lenders shall be deemed to have authorized (but may not require) the L/C Issuer to permit the extension of such Letter of Credit at any time to an expiry date not later than the Letter of Credit Expiration Date; provided, however, that the L/C Issuer shall not permit any such extension if (A) the L/C Issuer has determined that it would not be permitted, or would have no obligation, at such time to issue such Letter of Credit in its revised form (as extended) under the terms hereof (by reason of the provisions of clause (ii) or (iii) of Section 2.03(a) or otherwise), or (B) it has received notice (which may be by telephone or in writing) on or before the day that is seven Business Days before the Non-Extension Notice Date (1) from the Administrative Agent that the Required Revolving Lenders have elected not to permit such extension or (2) from the Administrative Agent, any Revolving Credit Lender or the Company that one or more of the applicable conditions specified in Section 4.02 is not then satisfied, and in each such case directing the L/C Issuer not to permit such extension. 48 207163075_10 (iv) Promptly after its delivery of any Letter of Credit or any amendment to a Letter of Credit to an advising bank with respect thereto or to the beneficiary thereof, the L/C Issuer will also deliver to the Company and the Administrative Agent a true and complete copy of such Letter of Credit or amendment. (c) Drawings and Reimbursements; Funding of Participations. (i) Upon receipt from the beneficiary of any Letter of Credit of any notice of a drawing under such Letter of Credit, the L/C Issuer shall notify the Company and the Administrative Agent thereof. In the case of a Letter of Credit denominated in Dollars or a Letter of Credit denominated in an Alternative Currency, the Company shall reimburse the L/C Issuer in Dollars. In the case of a Letter of Credit denominated in an Alternative Currency, the L/C Issuer shall notify the Company of the Dollar Equivalent of amount of the drawing promptly following the determination thereof. In the case of any such reimbursement in Dollars of a drawing under a Letter of Credit denominated in an Alternative Currency, the L/C Issuer shall notify the Company of the Dollar Equivalent of the amount of the drawing promptly following the determination thereof. Not later than 1:00 p.m. on the date of any payment by the L/C Issuer under a Letter of Credit (each such date, an "Honor Date"), the Company shall reimburse the L/C Issuer through the Administrative Agent in the Dollar Equivalent of the amount of such drawing and in the applicable currency; provided that if such notice is not provided to such Borrower prior to 11:00 a.m. on the Honor Date, then the Company shall reimburse the L/C Issuer through the Administrative Agent in an amount equal to the amount of such drawing by 10:00 a.m. on the next succeeding Business Day and such extension of time shall be reflected in computing fees in respect of any Letter of Credit. If the Company fails to so reimburse the L/C Issuer by such time, the Administrative Agent shall promptly notify each Revolving Credit Lender of the Honor Date, the amount of the unreimbursed drawing (expressed in Dollars in the amount of the Dollar Equivalent thereof in the case of a Letter of Credit denominated in an Alternative Currency) (the "Unreimbursed Amount"), and the amount of such Revolving Credit Lender's Applicable Percentage thereof. In such event, the Company shall be deemed to have requested a Revolving Credit Borrowing of Base Rate Loans to be disbursed on the Honor Date in an amount equal to the Unreimbursed Amount, without regard to the minimum and multiples specified in Section 2.02 for the principal amount of Base Rate Loans, but subject to the amount of the unutilized portion of the Aggregate Commitments and the conditions set forth in Section 4.02 (other than the delivery of a Loan Notice). Any notice given by the L/C Issuer or the Administrative Agent pursuant to this Section 2.03(c)(i) may be given by telephone if immediately confirmed in writing; provided that the lack of such an immediate confirmation shall not affect the conclusiveness or binding effect of such notice. (ii) Each Revolving Credit Lender shall upon any notice pursuant to Section 2.03(c)(i) make funds available (and the Administrative Agent may apply Cash Collateral provided for this purpose) for the account of the L/C Issuer, in Dollars, at the Administrative Agent's Office in an amount equal to its Applicable Percentage of the Unreimbursed Amount not later than 11:00 a.m. on the Business Day specified in such notice by the Administrative Agent, whereupon, subject to the provisions of Section 2.03(c)(iii), each Revolving Credit Lender that so makes funds available shall be deemed to have made a Base Rate Revolving Loan to the Company in such amount. The Administrative Agent shall remit the funds so received to the L/C Issuer in Dollars. (iii) With respect to any Unreimbursed Amount that is not fully refinanced by a Revolving Credit Borrowing of Base Rate Loans because the conditions set forth in Section 4.02 cannot be satisfied or for any other reason, the Company shall be deemed to have incurred from the L/C Issuer an L/C Borrowing in the amount of the Unreimbursed Amount that is not so refinanced, which L/C Borrowing shall be due and payable on demand (together with interest) and shall bear 49 207163075_10 interest at the Default Rate. In such event, each Revolving Credit Lender's payment to the Administrative Agent for the account of the L/C Issuer pursuant to Section 2.03(c)(ii) shall be deemed payment in respect of its participation in such L/C Borrowing and shall constitute an L/C Advance from such Lender in satisfaction of its participation obligation under this Section 2.03. (iv) Until each Revolving Credit Lender funds its Revolving Credit Loan or L/C Advance pursuant to this Section 2.03(c) to reimburse the L/C Issuer for any amount drawn under any Letter of Credit, interest in respect of such Revolving Credit Lender's Applicable Percentage of such amount shall be solely for the account of the L/C Issuer. (v) Each Revolving Credit Lender's obligation to make Revolving Credit Loans or L/C Advances to reimburse the L/C Issuer for amounts drawn under Letters of Credit, as contemplated by this Section 2.03(c), shall be absolute and unconditional and shall not be affected by any circumstance, including (A) any setoff, counterclaim, recoupment, defense or other right which such Lender may have against the L/C Issuer, any Borrower or any other Person for any reason whatsoever; (B) the occurrence or continuance of a Default; or (C) any other occurrence, event or condition, whether or not similar to any of the foregoing; provided, however, that each Revolving Credit Lender's obligation to make Revolving Credit Loans pursuant to this Section 2.03(c) is subject to the conditions set forth in Section 4.02 (other than delivery by the Company of a Loan Notice). No such making of an L/C Advance shall relieve or otherwise impair the obligation of the Company or any other Borrower to reimburse the L/C Issuer for the amount of any payment made by the L/C Issuer under any Letter of Credit, together with interest as provided herein. (vi) If any Revolving Credit Lender fails to make available to the Administrative Agent for the account of the L/C Issuer any amount required to be paid by such Revolving Credit Lender pursuant to the foregoing provisions of this Section 2.03(c) by the time specified in Section 2.03(c)(ii), then, without limiting the other provisions of this Agreement, the L/C Issuer shall be entitled to recover from such Revolving Credit Lender (acting through the Administrative Agent), on demand, such amount with interest thereon for the period from the date such payment is required to the date on which such payment is immediately available to the L/C Issuer at a rate per annum equal to the greater of the Federal Funds Rate and a rate determined by the L/C Issuer in accordance with banking industry rules on interbank compensation, plus any administrative, processing or similar fees customarily charged by the L/C Issuer in connection with the foregoing. If such Revolving Credit Lender pays such amount (with interest and fees as aforesaid), the amount so paid shall constitute such Lender's Revolving Credit Loan included in the relevant Revolving Credit Borrowing or L/C Advance in respect of the relevant L/C Borrowing, as the case may be. A certificate of the L/C Issuer submitted to any Revolving Credit Lender (through the Administrative Agent) with respect to any amounts owing under this clause (vi) shall be conclusive absent manifest error. (d) Repayment of Participations. (i) At any time after the L/C Issuer has made a payment under any Letter of Credit and has received from any Revolving Credit Lender such Revolving Credit Lender's L/C Advance in respect of such payment in accordance with Section 2.03(c), if the Administrative Agent receives for the account of the L/C Issuer any payment in respect of the related Unreimbursed Amount or interest thereon (whether directly from the Company, any Borrower or otherwise, including proceeds of Cash Collateral applied thereto by the Administrative Agent), the Administrative Agent will distribute to such Revolving Credit Lender its Applicable Percentage thereof in the same funds as those received by the Administrative Agent. 50 207163075_10 (ii) If any payment received by the Administrative Agent for the account of the L/C Issuer pursuant to Section 2.03(c)(i) is required to be returned under any of the circumstances described in Section 10.05 (including pursuant to any settlement entered into by the L/C Issuer in its discretion), each Revolving Credit Lender shall pay to the Administrative Agent for the account of the L/C Issuer its Applicable Percentage thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned by such Revolving Credit Lender, at a rate per annum equal to the applicable Overnight Rate from time to time in effect. The obligations of the Revolving Credit Lenders under this clause shall survive the payment in full of the Obligations and the termination of this Agreement. (e) Obligations Absolute. The obligation of the Company and any other Borrower to reimburse the L/C Issuer for each drawing under each Letter of Credit and to repay each L/C Borrowing shall be absolute, unconditional and irrevocable, and shall be paid strictly in accordance with the terms of this Agreement under all circumstances, including the following: (i) any lack of validity or enforceability of such Letter of Credit, this Agreement, or any other Loan Document; (ii) the existence of any claim, counterclaim, setoff, defense or other right that any Borrower or any Subsidiary may have at any time against any beneficiary or any transferee of such Letter of Credit (or any Person for whom any such beneficiary or any such transferee may be acting), the L/C Issuer or any other Person, whether in connection with this Agreement, the transactions contemplated hereby or by such Letter of Credit or any agreement or instrument relating thereto, or any unrelated transaction; (iii) any draft, demand, certificate or other document presented under such Letter of Credit proving to be forged, fraudulent, invalid or insufficient in any respect or any statement therein being untrue or inaccurate in any respect; or any loss or delay in the transmission or otherwise of any document required in order to make a drawing under such Letter of Credit; (iv) waiver by the L/C Issuer of any requirement that exists for the L/C Issuer's protection and not the protection of the Borrowers or any waiver by the L/C Issuer which does not in fact materially prejudice the Borrowers; (v) honor of a demand for payment presented electronically even if such Letter of Credit requires that demand be in the form of a draft; (vi) any payment made by the L/C Issuer in respect of an otherwise complying item presented after the date specified as the expiration date of, or the date by which documents must be received under such Letter of Credit if presentation after such date is authorized by the Uniform Commercial Code as in effect in the State of California or the ISP, as applicable; (vii) any payment by the L/C Issuer under such Letter of Credit against presentation of a draft or certificate that does not strictly comply with the terms of such Letter of Credit; or any payment made by the L/C Issuer under such Letter of Credit to any Person purporting to be a trustee in bankruptcy, debtor-in-possession, assignee for the benefit of creditors, liquidator, receiver or other representative of or successor to any beneficiary or any transferee of such Letter of Credit, including any arising in connection with any proceeding under any Debtor Relief Law;

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&nbsp;&nbsp;&nbsp;&nbsp;51 207163075_10 (viii) any adverse change in the relevant exchange rates or in the availability of the relevant Alternative Currency to any Borrower or any Subsidiary or in the relevant currency markets generally; or (ix) any other circumstance or happening whatsoever, whether or not similar to any of the foregoing, including any other circumstance that might otherwise constitute a defense available to, or a discharge of, any Borrower or any Subsidiary. The Company shall promptly examine a copy of each Letter of Credit and each amendment thereto that is delivered to it and, in the event of any claim of noncompliance with the Company's instructions or other irregularity, the Company will immediately notify the L/C Issuer. The Company shall be conclusively deemed to have waived any such claim against the L/C Issuer and its correspondents unless such notice is given as aforesaid. (f) Role of L/C Issuer. Each Revolving Credit Lender and the Company agree that, in paying any drawing under a Letter of Credit, the L/C Issuer shall not have any responsibility to obtain any document (other than any sight draft, certificates and documents expressly required by the Letter of Credit) or to ascertain or inquire as to the validity or accuracy of any such document or the authority of the Person executing or delivering any such document. None of the L/C Issuer, the Administrative Agent, any of their respective Related Parties nor any correspondent, participant or assignee of the L/C Issuer shall be liable to any Revolving Credit Lender for (i) any action taken or omitted in connection herewith at the request or with the approval of the Revolving Credit Lenders or the Required Revolving Lenders, as applicable; (ii) any action taken or omitted in the absence of gross negligence or willful misconduct; or (iii) the due execution, effectiveness, validity or enforceability of any document or instrument related to any Letter of Credit or Issuer Document. The Company hereby assumes all risks of the acts or omissions of any beneficiary or transferee with respect to its use of any Letter of Credit; provided, however, that this assumption is not intended to, and shall not, preclude the Company's pursuing such rights and remedies as it may have against the beneficiary or transferee at law or under any other agreement. None of the L/C Issuer, the Administrative Agent, any of their respective Related Parties nor any correspondent, participant or assignee of the L/C Issuer shall be liable or responsible for any of the matters described in clauses (i) through (ix) of Section 2.03(e); provided, however, that anything in such clauses to the contrary notwithstanding, the Company may have a claim against the L/C Issuer, and the L/C Issuer may be liable to the Company, to the extent, but only to the extent, of any direct, as opposed to consequential or exemplary, damages suffered by the Company which the Company proves were caused by the L/C Issuer's willful misconduct or gross negligence or the L/C Issuer's willful failure to pay under any Letter of Credit after the presentation to it by the beneficiary of a sight draft and certificate(s) strictly complying with the terms and conditions of a Letter of Credit. In furtherance and not in limitation of the foregoing, the L/C Issuer may accept documents that appear on their face to be in order, without responsibility for further investigation, regardless of any notice or information to the contrary, and the L/C Issuer shall not be responsible for the validity or sufficiency of any instrument transferring or assigning or purporting to transfer or assign a Letter of Credit or the rights or benefits thereunder or proceeds thereof, in whole or in part, which may prove to be invalid or ineffective for any reason. The L/C Issuer may send a Letter of Credit or conduct any communication to or from the beneficiary via the Society for Worldwide Interbank Financial Telecommunication ("SWIFT") message or overnight courier, or any other commercially reasonable means of communicating with a beneficiary. (g) Applicability of ISP; Limitation of Liability. Unless otherwise expressly agreed by the L/C Issuer and the Company when a Letter of Credit is issued (including any such agreement applicable to an Existing Letter of Credit), the rules of the ISP shall apply to each standby Letter of Credit. Notwithstanding the foregoing, the L/C Issuer shall not be responsible to any Borrower or any Subsidiary for, and the L/C Issuer's rights and remedies against any Borrower or any Subsidiary shall not be impaired 52 207163075_10 by, any action or inaction of the L/C Issuer required or permitted under any law, order, or practice that is required or permitted to be applied to any Letter of Credit or this Agreement, including the Law or any order of a jurisdiction where the L/C Issuer or the beneficiary is located, the practice stated in the ISP or in the decisions, opinions, practice statements, or official commentary of the ICC Banking Commission, the Bankers Association for Finance and Trade - International Financial Services Association (BAFT-IFSA), or the Institute of International Banking Law & Practice, whether or not any Letter of Credit chooses such law or practice. (h) Letter of Credit Fees. The Company shall pay to the Administrative Agent for the account of each Revolving Credit Lender in accordance, subject to Section 2.16, with its Applicable Percentage, in Dollars, a Letter of Credit fee (the "Letter of Credit Fee") (i) for each Performance Letter of Credit equal to the Applicable Rate (for Performance Letters of Credit) times the Dollar Equivalent of the daily amount available to be drawn under each such Performance Letter of Credit and (ii) for each Financial Letter of Credit equal to the Applicable Rate (for Financial Letters of Credit) times the Dollar Equivalent of the daily amount available to be drawn under each such Financial Letter of Credit. For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.09. Letter of Credit Fees shall be (i) due and payable on the first Business Day after the end of each March, June, September and December, commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand and (ii) computed on a quarterly basis in arrears. If there is any change in the Applicable Rate (or in the characterization of such Letter of Credit as a Performance Letter of Credit or Financial Letter of Credit) during any quarter, the daily amount available to be drawn under each Letter of Credit shall be computed and multiplied by the Applicable Rate separately for each period during such quarter that such Applicable Rate (or characterization thereof) was in effect. Notwithstanding anything to the contrary contained herein, upon the request of the Required Lenders, while any Event of Default exists, all Letter of Credit Fees shall accrue at the Default Rate. (i) Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The Company shall pay directly to the L/C Issuer for its own account, in Dollars, a fronting fee, with respect to each Letter of Credit, at the rate per annum equal to the percentage separately agreed upon between the Borrower and such L/C Issuer, computed on the Dollar Equivalent of the daily amount available to be drawn under such Letter of Credit on a quarterly basis in arrears. Such fronting fee shall be due and payable on the tenth Business Day after the end of each March, June, September and December in respect of the most recently-ended quarterly period (or portion thereof, in the case of the first payment), commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand. For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.09. In addition, the Company shall pay directly to the L/C Issuer for its own account, in Dollars, the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges, of the L/C Issuer relating to letters of credit as from time to time in effect. Such customary fees and standard costs and charges are due and payable on demand and are nonrefundable. (j) Conflict with Issuer Documents. In the event of any conflict between the terms hereof and the terms of any Issuer Document, the terms hereof shall control. (k) Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Subsidiary, the Company shall be obligated to reimburse the L/C Issuer hereunder for any and all drawings under such Letter of Credit. The Company hereby acknowledges that the issuance of Letters of Credit for the account of Subsidiaries inures to the benefit of the Company, and that the Company's business derives substantial benefits from the businesses of such Subsidiaries. 53 207163075_10 (l) L/C Issuer Reports to the Administrative Agent. Unless otherwise agreed by the Administrative Agent, each L/C Issuer shall, in addition to its notification obligations set forth elsewhere in this Section 2.03, provide the Administrative Agent a Letter of Credit Report, as set forth below: (i) reasonably prior to the time that such L/C Issuer issues, amends, renews, increases or extends a Letter of Credit, the date of such issuance, amendment, renewal, increase or extension and the stated amount of the applicable Letters of Credit after giving effect to such issuance, amendment, renewal or extension (and whether the amounts thereof shall have changed); (ii) on each Business Day on which such L/C Issuer makes a payment pursuant to a Letter of Credit, the date and amount of such payment; (iii) on any Business Day on which a Borrower fails to reimburse a payment made pursuant to a Letter of Credit required to be reimbursed to such L/C Issuer on such day, the date of such failure and the amount of such payment; (iv) on any other Business Day, such other information as the Administrative Agent shall reasonably request as to the Letters of Credit issued by such L/C Issuer; and (v) for so long as any Letter of Credit issued by an L/C Issuer is outstanding, such L/C Issuer shall deliver to the Administrative Agent (A) on the last Business Day of each calendar month, (B) at all other times a Letter of Credit Report is required to be delivered pursuant to this Agreement, and (C) on each date that (1) an L/C Credit Extension occurs or (2) there is any expiration, cancellation and/or disbursement, in each case, with respect to any such Letter of Credit, a Letter of Credit Report appropriately completed with the information for every outstanding Letter of Credit issued by such L/C Issuer. (m) Replacement of L/C Issuer. Any L/C Issuer may be replaced at any time by written agreement between the Company, the Administrative Agent, the replaced L/C Issuer and the successor L/C Issuer. The Administrative Agent shall notify the Lenders of any such replacement of an L/C Issuer. At the time any such replacement shall become effective, the Company shall pay all unpaid fees accrued for the account of the replaced L/C Issuer pursuant to Section 2.03(h). From and after the effective date of any such replacement, (i) the successor L/C Issuer shall have all the rights and obligations of an L/C Issuer under this Agreement with respect to Letters of Credit to be issued by it thereafter and (ii) references herein to the term "L/C Issuer" shall be deemed to include such successor or any previous L/C Issuer, or such successor and all previous L/C Issuer, as the context shall require. After the replacement of an L/C Issuer hereunder, the replaced L/C Issuer shall remain a party hereto and shall continue to have all the rights and obligations of an L/C Issuer 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. 2.04 Swing Line Loans. (a) The Swing Line. Subject to the terms and conditions set forth herein, the Swing Line Lender, in reliance upon the agreements of the other Revolving Credit Lenders set forth in this Section 2.04, may in its sole discretion make loans in Dollars (each such loan, a "Swing Line Loan") to the Company from time to time on any Business Day during the Availability Period in an aggregate amount not to exceed at any time outstanding the amount of the Swing Line Sublimit, notwithstanding the fact that such Swing Line Loans, when aggregated with the Applicable Percentage of the Outstanding Amount of Revolving Credit Loans and L/C Obligations of the Revolving Credit Lender acting as Swing Line Lender, may exceed the amount of such Revolving Credit Lender's Commitment; provided, however, that (x) after giving effect to any Swing Line Loan, (i) the Total Revolving Credit Outstandings shall not exceed the Revolving Credit 54 207163075_10 Facility, and (ii) the Revolving Credit Exposure of any Lender shall not exceed such Lender's Revolving Credit Commitment; (y) the Company shall not use the proceeds of any Swing Line Loan to refinance any outstanding Swing Line Loan; and (z) if any Lender is a Defaulting Lender, the Swing Line Lender shall not be under any obligation to make any Swing Line Loan if it shall reasonably determine that, after giving effect to Section 2.16(a)(iv), it has, or by such Credit Extension may have, Fronting Exposure. Within the foregoing limits, and subject to the other terms and conditions hereof, the Company may borrow under this Section 2.04, prepay under Section 2.05, and reborrow under this Section 2.04. Each Swing Line Loan shall be a Base Rate Loan. Immediately upon the making of a Swing Line Loan, each Revolving Credit Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the Swing Line Lender a risk participation in such Swing Line Loan in an amount equal to the product of such Revolving Credit Lender's Applicable Revolving Credit Percentage times the amount of such Swing Line Loan. (b) Borrowing Procedures. Each Swing Line Borrowing shall be made upon the Company's irrevocable notice to the Swing Line Lender and the Administrative Agent, which may be given by (A) telephone or (B) by a Swing Line Loan Notice; provided that any telephonic notice must be confirmed promptly by delivery to the Swing Line Lender and the Administrative Agent of a Swing Line Loan Notice. Each such notice must be received by the Swing Line Lender and the Administrative Agent not later than 10:00 a.m. on the requested borrowing date, and shall specify (i) the amount to be borrowed, which shall be a minimum of $1,000,000, and (ii) the requested borrowing date, which shall be a Business Day. Promptly after receipt by the Swing Line Lender of any telephonic Swing Line Loan Notice, the Swing Line Lender will confirm with the Administrative Agent (by telephone or in writing) that the Administrative Agent has also received such Swing Line Loan Notice and, if not, the Swing Line Lender will notify the Administrative Agent (by telephone or in writing) of the contents thereof. Unless the Swing Line Lender has received notice (by telephone or in writing) from the Administrative Agent (including at the request of any Revolving Credit Lender) prior to 11:00 a.m. on the date of the proposed Swing Line Borrowing (A) directing the Swing Line Lender not to make such Swing Line Loan as a result of the limitations set forth in the first proviso to the first sentence of Section 2.04(a), or (B) that one or more of the applicable conditions specified in Article IV is not then satisfied, then, subject to the terms and conditions hereof, the Swing Line Lender will, not later than 12:00 noon on the borrowing date specified in such Swing Line Loan Notice, make the amount of its Swing Line Loan available to the Company at its office by crediting the account of the Company on the books of the Swing Line Lender in immediately available funds. (c) Refinancing of Swing Line Loans. (i) The Swing Line Lender at any time in its sole discretion may request, on behalf of the Company (which hereby irrevocably authorizes the Swing Line Lender to so request on its behalf), that each Revolving Credit Lender make a Base Rate Revolving Loan in an amount equal to such Lender's Applicable Revolving Credit Percentage of the amount of Swing Line Loans then outstanding. Such request shall be made in writing (which written request shall be deemed to be a Loan Notice for purposes hereof) and in accordance with the requirements of Section 2.02, without regard to the minimum and multiples specified therein for the principal amount of Base Rate Loans, but subject to the unutilized portion of the Revolving Credit Facility and the conditions set forth in Section 4.02. The Swing Line Lender shall furnish the Company with a copy of the applicable Loan Notice promptly after delivering such notice to the Administrative Agent. Each Revolving Credit Lender shall make an amount equal to its Applicable Revolving Credit Percentage of the amount specified in such Loan Notice available to the Administrative Agent in immediately available funds (and the Administrative Agent may apply Cash Collateral available with respect to the applicable Swing Line Loan) for the account of the Swing Line Lender at the Administrative Agent's Office not later than 1:00 p.m. on the day specified in such Loan Notice, whereupon, subject to Section 2.04(c)(ii), each Revolving Credit Lender that so makes funds available shall be

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&nbsp;&nbsp;&nbsp;&nbsp;55 207163075_10 deemed to have made a Base Rate Revolving Loan to the Company in such amount. The Administrative Agent shall remit the funds so received to the Swing Line Lender. (ii) If for any reason any Swing Line Loan cannot be refinanced by such a Revolving Credit Borrowing in accordance with Section 2.04(c)(i), the request for Base Rate Revolving Loans submitted by the Swing Line Lender as set forth herein shall be deemed to be a request by the Swing Line Lender that each of the Revolving Credit Lenders fund its risk participation in the relevant Swing Line Loan and each Revolving Credit Lender's payment to the Administrative Agent for the account of the Swing Line Lender pursuant to Section 2.04(c)(i) shall be deemed payment in respect of such participation. (iii) If any Revolving Credit Lender fails to make available to the Administrative Agent for the account of the Swing Line Lender any amount required to be paid by such Revolving Credit Lender pursuant to the foregoing provisions of this Section 2.04(c) by the time specified in Section 2.04(c)(i), the Swing Line Lender shall be entitled to recover from such Revolving Credit Lender (acting through the Administrative Agent), on demand, such amount with interest thereon for the period from the date such payment is required to the date on which such payment is immediately available to the Swing Line Lender at a rate per annum equal to the greater of the Federal Funds Rate and a rate determined by the Swing Line Lender in accordance with banking industry rules on interbank compensation, plus any administrative, processing or similar fees customarily charged by the Swing Line Lender in connection with the foregoing. If such Revolving Credit Lender pays such amount (with interest and fees as aforesaid), the amount so paid shall constitute such Lender's Revolving Credit Loan included in the relevant Revolving Credit Borrowing or funded participation in the relevant Swing Line Loan, as the case may be. A certificate of the Swing Line Lender submitted to any Revolving Credit Lender (through the Administrative Agent) with respect to any amounts owing under this clause (iii) shall be conclusive absent manifest error. (iv) Each Revolving Credit Lender's obligation to make Revolving Credit Loans or to purchase and fund risk participations in Swing Line Loans pursuant to this Section 2.04(c) shall be absolute and unconditional and shall not be affected by any circumstance, including (A) any setoff, counterclaim, recoupment, defense or other right which such Revolving Credit Lender may have against the Swing Line Lender, the Company or any other Person for any reason whatsoever, (B) the occurrence or continuance of a Default, or (C) any other occurrence, event or condition, whether or not similar to any of the foregoing; provided, however, that each Revolving Credit Lender's obligation to make Revolving Credit Loans pursuant to this Section 2.04(c) is subject to the conditions set forth in Section 4.02. No such funding of risk participations shall relieve or otherwise impair the obligation of the Company to repay Swing Line Loans, together with interest as provided herein. (d) Repayment of Participations. (i) At any time after any Revolving Credit Lender has purchased and funded a risk participation in a Swing Line Loan, if the Swing Line Lender receives any payment on account of such Swing Line Loan, the Swing Line Lender will distribute to such Revolving Credit Lender its Applicable Revolving Credit Percentage thereof in the same funds as those received by the Swing Line Lender. (ii) If any payment received by the Swing Line Lender in respect of principal or interest on any Swing Line Loan is required to be returned by the Swing Line Lender under any of the circumstances described in Section 10.05 (including pursuant to any settlement entered into by the Swing Line Lender in its discretion), each Revolving Credit Lender shall pay to the Swing Line 56 207163075_10 Lender its Applicable Revolving Credit Percentage thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned, at a rate per annum equal to the Federal Funds Rate. The Administrative Agent will make such demand upon the request of the Swing Line Lender. The obligations of the Revolving Credit Lenders under this clause shall survive the payment in full of the Obligations and the termination of this Agreement. (e) Interest for Account of Swing Line Lender. The Swing Line Lender shall be responsible for invoicing the Company for interest on the Swing Line Loans. Until each Revolving Credit Lender funds its Base Rate Revolving Loan or risk participation pursuant to this Section 2.04 to refinance such Revolving Credit Lender's Applicable Revolving Credit Percentage of any Swing Line Loan, interest in respect of such Applicable Revolving Credit Percentage shall be solely for the account of the Swing Line Lender. (f) Payments Directly to Swing Line Lender. The Company shall make all payments of principal and interest in respect of the Swing Line Loans directly to the Swing Line Lender. 2.05 Prepayments. (a) The Borrowers may, upon notice from the Company to the Administrative Agent, at any time or from time to time voluntarily prepay Revolving Credit Loans or Term Loans in whole or in part without premium or penalty; provided that (i) such notice must be in a form reasonably acceptable to the Administrative Agent and be received by the Administrative Agent not later than 9:00 a.m. (A) three Business Days prior to any date of prepayment of Term SOFR Loans and (B) on the date of prepayment of Base Rate Loans; (ii) any prepayment of Term SOFR Loans shall be in a principal amount of $3,000,000 or a whole multiple of $1,000,000 in excess thereof; and (iii) any prepayment of Base Rate Loans shall be in a principal amount of $1,000,000 or a whole multiple of $100,000 in excess thereof or, in each case, if less, the entire principal amount thereof then outstanding. Each such notice shall specify the date and amount of such prepayment and the Type(s) of Loans to be prepaid and, if Term SOFR Loans are to be prepaid, the Interest Period(s) of such Loans. The Administrative Agent will promptly notify each Lender of its receipt of each such notice, and of the amount of such Lender's Applicable Percentage of such prepayment (based on such Lender's Applicable Percentage in respect of the relevant Facility). If such notice is given by the Company, the Borrowers shall make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified therein. Any notice of prepayment given pursuant to this Section 2.05(a) may be conditioned upon the consummation of other financing, and may be rescinded or extended for a reasonable period upon written notice to the Administrative Agent if such other financing is not consummated on the anticipated date. Any prepayment of a Term SOFR Loan shall be accompanied by all accrued interest on the amount prepaid, together with any additional amounts required pursuant to Section 3.05. Subject to Section 2.16, each such prepayment shall be applied to the Loans of the Lenders in accordance with their respective Applicable Percentages. Each prepayment of the outstanding Term Loans pursuant to this Section 2.05(a) shall be applied to the principal repayment installments thereof on a pro rata basis. Subject to Section 2.16, such prepayment shall be applied to the Loans of the Lenders in accordance with their respective Applicable Percentages in respect of each of the relevant Facilities. (b) The Borrowers may, upon notice from the Company to the Swing Line Lender (with a copy to the Administrative Agent), at any time or from time to time, voluntarily prepay Swing Line Loans in whole or in part without premium or penalty; provided that (i) such notice must be received by the Swing Line Lender and the Administrative Agent not later than 10:00 a.m. on the date of the prepayment, and (ii) any such partial prepayment shall be in a minimum principal amount of $100,000. Each such notice shall specify the date and amount of such prepayment. If such notice is given by the Company, the Borrowers shall make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified therein. 57 207163075_10 (c) If the Administrative Agent notifies the Company at any time that the Total Revolving Credit Outstandings at such time exceed the aggregate Revolving Credit Commitments then in effect, then, within two Business Days after receipt of such notice, the Borrowers shall prepay Loans and/or Cash Collateralize the L/C Obligations in an aggregate amount sufficient to reduce such Outstanding Amount as of such date of payment to an amount not to exceed the difference of 100% of the Aggregate Commitments then in effect less $250,000; provided, however, that the Borrowers shall not be required to Cash Collateralize the L/C Obligations pursuant to this Section 2.05(c) unless after the prepayment in full of the Revolving Credit Loans and Swing Line Loans the Total Revolving Credit Outstandings exceed the aggregate Revolving Credit Commitments then in effect. The Administrative Agent may, at any time and from time to time after the initial deposit of such Cash Collateral, request that additional Cash Collateral be provided in order to reasonably protect against the results of further exchange rate fluctuations. (d) If the Administrative Agent notifies the Company at any time that the Outstanding Amount of all Letters of Credit at such time exceeds (as a result of fluctuations in exchange rates or for any other reason) an amount equal to 105% of the Letter of Credit Sublimit then in effect, then, within two Business Days after receipt of such notice, the Borrowers shall Cash Collateralize L/C Obligations in an aggregate amount sufficient to reduce such Outstanding Amount as of such date of payment to an amount not to exceed 100% of the Letter of Credit Sublimit then in effect. 2.06 Termination or Reduction of Commitments. (a) Optional. The Borrowers may, upon notice from the Company to the Administrative Agent, terminate the Revolving Credit Facility, the Letter of Credit Sublimit, the Financial Letter of Credit Sublimit or the Swing Line Sublimit, or from time to time permanently reduce the Revolving Credit Facility, the Letter of Credit Sublimit, the Financial Letter of Credit Sublimit or the Swing Line Sublimit; provided that (a) any such notice shall be received by the Administrative Agent not later than 9:00 a.m. five Business Days prior to the date of termination or reduction, (b) any such partial reduction shall be in an aggregate amount of $10,000,000 and any whole multiple of $1,000,000 in excess thereof, (c) the Borrowers shall not terminate or reduce (i) the Revolving Credit Facility if, after giving effect thereto and to any concurrent prepayments hereunder, the Total Revolving Credit Outstandings would exceed the Revolving Credit Facility, (ii) the Letter of Credit Sublimit if, after giving effect thereto, the Outstanding Amount of L/C Obligations not fully Cash Collateralized hereunder would exceed the Letter of Credit Sublimit, (iii) the Financial Letter of Credit Sublimit if, after giving effect thereto, the Outstanding Amount of L/C Obligations not fully Cash Collateralized hereunder would exceed the Financial Letter of Credit Sublimit or (iv) the Swing Line Sublimit if, after giving effect thereto and to any concurrent prepayments hereunder, the Outstanding Amount of Swing Line Loans would exceed the Swing Line Sublimit, and (d) if, after giving effect to any termination or reduction of the Revolving Credit Facility, the Letter of Credit Sublimit or the Swing Line Sublimit exceeds the amount of the Revolving Credit Facility, such sublimit shall be automatically reduced by the amount of such excess. In addition, during the Availability Period in respect of the Term Facility, the Company may, upon notice to the Administrative Agent as set forth above, from time to time terminate (in whole or in part) the unused portion of the aggregate Term Commitments. (b) Mandatory. The aggregate Term Commitments shall be automatically and permanently reduced to zero upon the earlier to occur of (i) the final Term Borrowing in accordance with Section 2.01(a) and (ii) the last day of the Availability Period for the Term Facility. (c) Application of Commitment Reductions; Payment of Fees. (i) The Administrative Agent will promptly notify the Lenders of any such notice of termination or reduction of the Letter of Credit Sublimit, Financial Letter of Credit Sublimit, Swing Line Sublimit or the Revolving Credit Facility. Any reduction of the Revolving Credit Facility 58 207163075_10 shall be applied to the Commitment of each Lender according to its Applicable Percentage. All fees accrued until the effective date of any termination of the Revolving Credit Facility shall be paid on the effective date of such termination. (ii) The Administrative Agent will promptly notify the Lenders of any termination or reduction of the unused portion of the aggregate Term Commitments under this Section 2.06. Upon any reduction of the unused portion of the aggregate Term Commitments, the Term Commitment of each Term Lender shall be reduced by such Lender's ratable portion of such reduction amount. All fees in respect of the Term Facility accrued until the effective date of any termination of the Term Facility shall be paid on the effective date of such termination. (iii) Any notice of termination or reduction given pursuant to this Section 2.06 may be conditioned upon the consummation of other financing, and may be rescinded or extended for a reasonable period upon written notice to the Administrative Agent if such other financing is not consummated on the anticipated date. 2.07 Repayment of Loans. (a) Revolving Credit Loans. The Borrowers shall repay to the Revolving Credit Lenders on the Maturity Date the aggregate principal amount of Revolving Credit Loans outstanding on such date. (b) Swing Line Loans. The Borrowers shall repay each Swing Line Loan on the earlier to occur of (i) the date ten Business Days after such Loan is made and (ii) the Maturity Date. (c) Term Loans. The Borrowers shall repay to the Term Lenders an amount based upon the percentages of the initial principal amount of the Term Loans as set forth below, commencing on the last Business Day of the fiscal quarter ending December 31, 2025 with a final payment on the Maturity Date in an amount equal to the aggregate principal amount of all Term Loans outstanding on such date. Quarter % of Initial Principal Amount Each fiscal quarter commencing with the quarter ending December 31, 2025, to (and including) September 30, 2026 0.000% Each fiscal quarter commencing with the quarter ending December 31, 2026, to (and including) September 30, 2027 0.625% Each fiscal quarter thereafter 1.250% 2.08 Interest. (a) Subject to the provisions of subsection (b) below, (i) each Term SOFR Loan under a Facility shall bear interest on the outstanding principal amount thereof for each Interest Period at a rate per annum equal to Term SOFR for such Interest Period plus the Applicable Rate for such Facility; (ii) each Base Rate Loan under a Facility shall bear interest on the outstanding principal amount thereof from the applicable borrowing date at a rate per annum equal to the Base Rate plus the Applicable Rate for such Facility; and (iii) each Swing Line Loan shall bear interest on the outstanding principal amount thereof from the applicable borrowing date at a rate per annum equal to the Base Rate plus the Applicable Rate for the Revolving Credit Facility.

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&nbsp;&nbsp;&nbsp;&nbsp;59 207163075_10 (b) (i) If any amount of principal of any Loan is not paid when due (without regard to any applicable grace periods), whether at stated maturity, by acceleration or otherwise, such amount shall thereafter bear interest at a fluctuating interest rate per annum at all times equal to the Default Rate to the fullest extent permitted by Applicable Laws. (ii) If any amount (other than principal of any Loan) payable by the Borrowers under any Loan Document is not paid when due (without regard to any applicable grace periods), whether at stated maturity, by acceleration or otherwise, then upon the request of the Required Lenders, such amount shall thereafter bear interest at a fluctuating interest rate per annum at all times equal to the Default Rate to the fullest extent permitted by Applicable Laws. (iii) Upon the request of the Required Lenders and after written notice to the Company, while any Event of Default exists (other than as set forth in clauses (b)(i) and (b)(ii) above), the Borrowers shall pay interest on the principal amount of all outstanding Obligations hereunder at a fluctuating interest rate per annum at all times equal to the Default Rate to the fullest extent permitted by Applicable Laws. (iv) Accrued and unpaid interest on past due amounts (including interest on past due interest) shall be due and payable upon demand. (c) Interest on each Loan shall be due and payable in arrears on each Interest Payment Date applicable thereto and at such other times as may be specified herein. Interest hereunder shall be due and payable in accordance with the terms hereof before and after judgment, and before and after the commencement of any proceeding under any Debtor Relief Law. 2.09 Fees. In addition to certain fees described in subsections (h) and (i) of Section 2.03: (a) Commitment Fee; Ticking Fee. (i) The Borrowers shall pay to the Administrative Agent for the account of each Lender in accordance with its Applicable Revolving Credit Percentage, a commitment fee in Dollars equal to the Applicable Rate times the actual daily amount by which the Revolving Credit Facility exceeds the sum of (i) the Outstanding Amount of Revolving Credit Loans and (ii) the Outstanding Amount of L/C Obligations, subject to adjustment as provided in Section 2.16. For the avoidance of doubt, the Outstanding Amount of Swing Line Loans shall not be counted towards or considered usage of the Revolving Credit Facility for purposes of determining the commitment fee. The commitment fee shall accrue at all times during the Availability Period, including at any time during which one or more of the conditions in Article IV is not met, and shall be due and payable quarterly in arrears on the last Business Day of each March, June, September and December, commencing with the first such date to occur after the Closing Date, and on the last day of the Availability Period for the Revolving Credit Facility. The commitment fee shall be calculated quarterly in arrears, and if there is any change in the Applicable Rate during any quarter, the actual daily amount shall be computed and multiplied by the Applicable Rate separately for each period during such quarter that such Applicable Rate was in effect. (ii) The Borrowers shall pay to the Administrative Agent for the account of each Lender in accordance with its Applicable Term Facility Percentage, a ticking fee in Dollars equal to the Applicable Rate times the actual daily amount by which the Term Facility exceeds the Outstanding Amount of Term Loans, subject to adjustment as provided in Section 2.16. The ticking fee shall accrue beginning on (and including) October 4, 2025 and at all times thereafter during the Availability Period, including at any time during which one or more of the conditions in Article IV 60 207163075_10 is not met, and shall be due and payable quarterly in arrears on the last Business Day of each March, June, September and December, commencing with the first such date to occur after the Closing Date, and on the last day of the Availability Period for the Term Facility. The ticking fee shall be calculated quarterly in arrears, and if there is any change in the Applicable Rate during any quarter, the actual daily amount shall be computed and multiplied by the Applicable Rate separately for each period during such quarter that such Applicable Rate was in effect. (b) Other Fees. (i) The Borrowers shall pay to the Arrangers and the Administrative Agent for their own respective accounts, in Dollars, fees in the amounts and at the times specified in their respective Fee Letters. Such fees shall be fully earned when paid and shall not be refundable for any reason whatsoever. (ii) The Borrowers shall pay to the Lenders, in Dollars, such fees as shall have been separately agreed upon in writing in the amounts and at the times so specified. Such fees shall be fully earned when paid and shall not be refundable for any reason whatsoever. 2.10 Computation of Interest and Fees; Retroactive Adjustments of Applicable Rate. (a) All computations of interest for Base Rate Loans (including Base Rate Loans determined by reference to the Term SOFR) shall be made on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed. All other computations of fees and interest shall be made on the basis of a 360- day year and actual days elapsed (which results in more fees or interest, as applicable, being paid than if computed on the basis of a 365-day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a), bear interest for one day. Each determination by the Administrative Agent of an interest rate or fee hereunder shall be conclusive and binding for all purposes, absent manifest error. (b) If, as a result of any restatement of or other adjustment to the financial statements of the Company or for any other reason, the Company or the Lenders determine that (i) the Consolidated Leverage Ratio as calculated by the Borrowers as of any applicable date was inaccurate and (ii) a proper calculation of the Consolidated Leverage Ratio would have resulted in higher pricing for such period, the Borrowers shall promptly and retroactively be obligated to pay to the Administrative Agent for the account of the applicable Lenders or the L/C Issuer, as the case may be, promptly on demand by the Administrative Agent (or, after the occurrence of an actual or deemed entry of an order for relief with respect to any Borrower under the Bankruptcy Code of the United States, automatically and without further action by the Administrative Agent, any Lender or the L/C Issuer), an amount equal to the excess of the amount of interest and fees that should have been paid for such period over the amount of interest and fees actually paid for such period. This paragraph shall not limit the rights of the Administrative Agent, any Lender or the L/C Issuer, as the case may be, under Section 2.03(c)(iii), 2.03(h) or 2.08(b) or under Article VIII. The Borrowers' obligations under this paragraph shall survive the termination of the Aggregate Commitments and the repayment of all other Obligations hereunder for a period of twelve (12) months following the date of such termination and repayment. 2.11 Evidence of Debt. (a) The Credit Extensions made by each Lender shall be evidenced by one or more accounts or records maintained by such Lender in the ordinary course of business. The Administrative Agent shall maintain the Register in accordance with Section 10.06(c). The accounts or records maintained by each 61 207163075_10 Lender shall be conclusive absent manifest error of the amount of the Credit Extensions made by the Lenders to the Borrowers and the interest and payments thereon. Any failure to so record or any error in doing so shall not, however, limit or otherwise affect the obligation of any Borrower hereunder to pay any amount owing with respect to the Obligations. In the event of any conflict between the accounts and records maintained by any Lender and the Register, the Register shall control in the absence of manifest error. Upon the request of any Lender made through the Administrative Agent, the Borrowers shall execute and deliver to such Lender (through the Administrative Agent) a Note, which shall evidence such Lender's Loans in addition to such accounts or records. Each Lender may attach schedules to its Note and endorse thereon the date, Type (if applicable), amount and maturity of its Loans and payments with respect thereto. (b) In addition to the accounts and records referred to in subsection (a), each Lender and the Administrative Agent shall maintain in accordance with its usual practice accounts or records evidencing the purchases and sales by such Lender of participations in Letters of Credit and Swing Line Loans. In the event of any conflict between the accounts and records maintained by the Administrative Agent and the accounts and records of any Lender in respect of such matters, the accounts and records of the Administrative Agent shall control in the absence of manifest error. 2.12 Payments Generally; Administrative Agent's Clawback. (a) General. All payments to be made by the Borrowers shall be made free and clear of and without condition or deduction for any counterclaim, defense, recoupment or setoff. Except as otherwise expressly provided herein, all payments by the Borrowers hereunder shall be made to the Administrative Agent, for the account of the respective Lenders to which such payment is owed, at the Administrative Agent's Office in Dollars and in immediately available funds not later than 11:00 a.m. on the date specified herein. The Administrative Agent will promptly distribute to each Lender its Applicable Percentage in respect of the relevant Facility (or other applicable share as provided herein) of such payment in like funds as received by wire transfer to such Lender's Lending Office. All payments received by the Administrative Agent after 11:00 a.m. shall be deemed received on the next succeeding Business Day and any applicable interest or fee shall continue to accrue. If any payment to be made by the Borrowers shall come due on a day other than a Business Day, payment shall be made on the next following Business Day, and such extension of time shall be reflected in computing interest or fees, as the case may be. (b) (i) Funding by Lenders; Presumption by Administrative Agent. Unless the Administrative Agent shall have received notice from a Lender prior to the proposed date of any Borrowing of Term SOFR Loans (or, in the case of any Borrowing of Base Rate Loans, prior to 10:00 a.m. on the date of such Borrowing) that such Lender will not make available to the Administrative Agent such Lender's share of such Borrowing, the Administrative Agent may assume that such Lender has made such share available on such date in accordance with Section 2.02 (or, in the case of a Borrowing of Base Rate Loans, that such Lender has made such share available in accordance with and at the time required by Section 2.02) and may, in reliance upon such assumption, make available to the Borrowers 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 Borrowers severally agree to pay to the Administrative Agent forthwith on demand such corresponding amount in immediately available funds with interest thereon, for each day from and including the date such amount is made available to the Borrowers to but excluding the date of payment to the Administrative Agent, at (A) in the case of a payment to be made by such Lender, the greater of the Federal Funds Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation, plus any administrative, processing or similar fees customarily charged by the Administrative Agent in connection with the foregoing, and (B) in the case of a payment to be made by the Borrowers, the interest rate applicable to Base Rate Loans. If the Borrowers and such Lender shall pay such interest to the Administrative Agent for the same or an overlapping period, the Administrative Agent shall promptly remit to the Borrowers the 62 207163075_10 amount of such interest paid by the Borrowers for such period. If such Lender pays its share of the applicable Borrowing to the Administrative Agent, then the amount so paid shall constitute such Lender's Loan included in such Borrowing. Any payment by the Borrowers shall be without prejudice to any claim the Borrowers may have against a Lender that shall have failed to make such payment to the Administrative Agent. (ii) Payments by Borrowers; Presumptions by Administrative Agent. Unless the Administrative Agent shall have received notice from the Company prior to the date on which any payment is due to the Administrative Agent for the account of the Lenders or the L/C Issuer hereunder that the Borrowers will not make such payment, the Administrative Agent may assume that the Borrowers have made such payment on such date in accordance herewith and may, in reliance upon such assumption, distribute to the Appropriate Lenders or the L/C Issuer, as the case may be, the amount due. With respect to any payment that the Administrative Agent makes for the account of the Lenders or the L/C Issuer hereunder as to which the Administrative Agent determines (which determination shall be conclusive absent manifest error) that any of the following applies (such payment referred to as the "Rescindable Amount"): (1) the Borrowers have not in fact made such payment; (2) the Administrative Agent has made a payment in excess of the amount so paid by the Borrowers (whether or not then owed); or (3) the Administrative Agent has for any reason otherwise erroneously made such payment; then each of the Appropriate Lenders or the L/C Issuer, as the case may be, severally agrees to repay to the Administrative Agent forthwith on demand the Rescindable Amount so distributed to such Lender or the L/C Issuer, in immediately available funds with interest thereon, for each day from and including the date such amount is distributed to it to but excluding the date of payment to the Administrative Agent, at the greater of the Federal Funds Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation. A notice of the Administrative Agent to any Lender or the Company with respect to any amount owing under this subsection (b) shall be conclusive, absent manifest error. (c) Failure to Satisfy Conditions Precedent. If any Lender makes available to the Administrative Agent funds for any Loan to be made by such Lender as provided in the foregoing provisions of this Article II, and such funds are not made available to the Borrowers by the Administrative Agent because the conditions to the applicable Credit Extension set forth in Article IV are not satisfied or waived in accordance with the terms hereof, the Administrative Agent shall return such funds (in like funds as received from such Lender) to such Lender, without interest. (d) Obligations of Lenders Several. The obligations of the Lenders hereunder to make Term Loans and Revolving Credit Loans, to fund participations in Letters of Credit and Swing Line Loans and to make payments pursuant to Section 10.04(c) are several and not joint. The failure of any Lender to make any Loan, to fund any such participation or to make any payment under Section 10.04(c) on any date required hereunder shall not relieve any other Lender of its corresponding obligation to do so on such date, and no Lender shall be responsible for the failure of any other Lender to so make its Loan, to purchase its participation or to make its payment under Section 10.04(c). (e) Funding Source. Nothing herein shall be deemed to obligate any Lender to obtain the funds for any Loan in any particular place or manner or to constitute a representation by any Lender that it has obtained or will obtain the funds for any Loan in any particular place or manner.

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&nbsp;&nbsp;&nbsp;&nbsp;63 207163075_10 (f) Insufficient Funds. If at any time insufficient funds are received by and available to the Administrative Agent to pay fully all amounts of principal, L/C Borrowings, interest and fees then due hereunder, such funds shall be applied (i) first, toward 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, toward payment of principal and L/C Borrowings then due hereunder, ratably among the parties entitled thereto in accordance with the amounts of principal and L/C Borrowings then due to such parties. 2.13 Sharing of Payments by Lenders. If any Lender shall, by exercising any right of setoff or counterclaim or otherwise, obtain payment in respect of (a) Obligations due and payable to such Lender hereunder and under the other Loan Documents at such time in excess of its ratable share (according to the proportion of (i) the amount of such Obligations due and payable to such Lender at such time to (ii) the aggregate amount of the Obligations due and payable to all Lenders hereunder and under the other Loan Documents at such time) of payments on account of the Obligations due and payable to all Lenders hereunder and under the other Loan Documents at such time obtained by all the Lenders at such time or (b) Obligations owing (but not due and payable) to such Lender hereunder and under the other Loan Documents at such time in excess of its ratable share (according to the proportion of (i) the amount of such Obligations owing (but not due and payable) to such Lender at such time to (ii) the aggregate amount of the Obligations owing (but not due and payable) to all Lenders hereunder and under the other Loan Documents at such time) of payment on account of the Obligations owing (but not due and payable) to all Lenders hereunder and under the other Loan Documents at such time obtained by all of the Lenders at such time then the Lender receiving such greater proportion shall (a) notify the Administrative Agent of such fact, and (b) purchase (for cash at face value) participations in the Loans and subparticipations in L/C Obligations and Swing Line Loans of the other Lenders, or make such other adjustments as shall be equitable, so that the benefit of all such payments shall be shared by the Lenders ratably in accordance with the aggregate amount of Obligations then due and payable to the Lenders or owing (but not due and payable) to the Lenders, as the case may be, provided that: (i) if any such participations or subparticipations are purchased and all or any portion of the payment giving rise thereto is recovered, such participations or subparticipations shall be rescinded and the purchase price restored to the extent of such recovery, without interest; and (ii) the provisions of this Section shall not be construed to apply to (x) any payment made by or on behalf of the Borrowers pursuant to and in accordance with the express terms of this Agreement (including the application of funds arising from the existence of a Defaulting Lender), (y) the application of Cash Collateral provided for in Section 2.15, or (z) any payment obtained by a Lender as consideration for the assignment of or sale of a participation in any of its Revolving Credit Loans or subparticipations in L/C Obligations or Swing Line Loans to any assignee or participant, other than an assignment to any Borrower or any Subsidiary thereof (as to which the provisions of this Section shall apply). Each Borrower consents to the foregoing and agrees, to the extent it may effectively do so under Applicable Law, that any Lender acquiring a participation pursuant to the foregoing arrangements may exercise against such Borrower rights of setoff 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. 2.14 Incremental Increases. (a) Company Request. The Company may, from time to time, request by written notice to the Administrative Agent (w) an increase in the Revolving Credit Facility (each, a "Revolving Credit Increase"), (x) an increase in the Term Facility or any prior Incremental Term Loan (each, a "Term Loan 64 207163075_10 Increase"), (y) one or more term loan "A" tranches to be made available to the Company or another Borrower (each an "Incremental Term A Loan") or (z) one or more term loan "B" tranches to be made available to the Company or another Borrower (each, an "Incremental Term B Loan" and together with each Incremental Term A Loan, an "Incremental Term Loan"; each Incremental Term Loan, each Revolving Credit Increase and each Term Loan Increase, collectively, referred to as the "Incremental Increases"); provided that: (i) the principal amount of any such Incremental Increase (together with any Incremental Equivalent Debt being incurred simultaneously therewith) shall not exceed the Incremental Available Amount then in effect; (ii) any such request for an Incremental Increase shall be in a minimum amount of $20,000,000 (or a lesser amount in the event such amount represents all remaining availability under the Incremental Available Amount then in effect or as may be acceptable to the Administrative Agent) and any whole multiple of $5,000,000 in excess thereof; (iii) no Revolving Credit Increase shall (A) increase the Letter of Credit Sublimit without the consent of the L/C Issuer, or (B) increase the Swing Line Sublimit without the consent of the Swing Line Lender; (iv) no Incremental Term A Loan shall mature earlier than the latest Maturity Date for the Term Facility or any prior Incremental Term A Loan then in effect or have a shorter Weighted Average Life to Maturity than the longest remaining Weighted Average Life to Maturity of the Term Facility or any prior Incremental Term A Loan; provided that at the option of Borrower, this clause (iv) shall not apply to any Permitted Bridge Indebtedness (but shall apply to the permanent Indebtedness into which such Permitted Bridge Indebtedness is converted); (v) no Incremental Term B Loan shall mature earlier than the latest Maturity Date for the Term Facility (or, if applicable, and later, any prior Incremental Term Loan then in effect) or have a shorter Weighted Average Life to Maturity than the remaining Weighted Average Life to Maturity of the Term Facility (or, if applicable, and longer, any prior Incremental Term B Loan then in effect); provided that at the option of the Company, this clause (v) shall not apply to any Permitted Bridge Indebtedness; (vi) each Incremental Term Loan shall (A) be pari passu in right of payment, prepayment, voting and/or security with the Term Loans, and (B) have an Applicable Rate or pricing grid as determined by the Lenders providing such Incremental Term Loans and the Company; (vii) except as provided above and in Section 2.14(d), all other terms and conditions applicable to any Incremental Term Loan, to the extent not consistent with the terms and conditions applicable to the Term Facility, shall be reasonably satisfactory to the Administrative Agent, the applicable Lenders providing such Incremental Term Loan and the Company; and (viii) each Incremental Increase shall constitute Obligations hereunder and shall be guaranteed and secured pursuant to the Guaranty and the Security Instruments on a pari passu basis with the other Obligations hereunder. (b) Process for Increase. Incremental Increases may be (but shall not be required to be) provided by any existing Lender, in each case on terms permitted in this Section 2.14 and otherwise on terms reasonably acceptable to the Company and the Administrative Agent, or by any Additional Lender 65 207163075_10 pursuant to a joinder agreement in form and substance reasonably satisfactory to the Administrative Agent; provided that: (i) the Administrative Agent shall have consented (in each case, such consent not to be unreasonably withheld, delayed or conditioned) to each proposed Additional Lender providing such Incremental Increase to the extent the Administrative Agent would be required to consent to an assignment to such Additional Lender pursuant to Section 10.06(b)(iii); and (ii) in the case of any Revolving Credit Increase, the L/C Issuer and the Swing Line Lender shall have consented (in each case, such consent not to be unreasonably withheld, delayed or conditioned) to each such Lender or proposed Additional Lender providing such Revolving Credit Increase if such consent by the L/C Issuer or the Swing Line Lender, as the case may be, would be required under Section 10.06(b) for an assignment of Revolving Credit Loans or Revolving Credit Commitments to such Lender or proposed Additional Lender. No Lender shall have any obligation to provide, or participate in, any Incremental Increase (and any existing Lender that fails to respond to any request for an Incremental Increase within the requested time shall be deemed to have declined to provide, or to participate in, any such Incremental Increase), and no consent of any Lender, other than the Lenders agreeing to provide any portion of an Incremental Increase, shall be required to effectuate such Incremental Increase. (c) Effective Date and Allocations. The Administrative Agent and the Company shall determine the effective date of any Incremental Increase (the "Increase Effective Date"). The Administrative Agent shall promptly notify the Company and the Lenders of the final allocation of such Incremental Increase and the Increase Effective Date. (d) Conditions to Effectiveness of Increase. As a condition precedent to each Incremental Increase, (i) the Company shall deliver to the Administrative Agent a certificate of each Borrower and, if reasonably determined by the Administrative Agent to be necessary or desirable under Applicable Law with respect to the Guaranty of a Guarantor, of each such Guarantor, in each case dated as of the Increase Effective Date, signed by a Responsible Officer of the Borrower or Guarantor and (x) certifying and attaching the resolutions adopted by the Borrower or Guarantor approving or consenting to such Incremental Increase (which, with respect to any such Person, may, if applicable and appropriate, be the resolutions entered into by such Person in connection with the incurrence of the Obligations on the Closing Date) and (y) certifying that, before and after giving effect to such Incremental Increase (and assuming that the commitments of such Incremental Increase are fully drawn): (A) the representations and warranties contained in Article V and the other Loan Documents shall be true and correct in all material respects (or, with respect to representations and warranties modified by a materiality or Material Adverse Effect standard, in all respects) on and as of the Increase Effective Date, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they shall be true and correct in all material respects (or, with respect to representations and warranties modified by a materiality or Material Adverse Effect standard, in all respects) as of such earlier date, and except that for purposes of this Section 2.14, the representations and warranties contained in subsections (a) and (b) of Section 5.05 shall be deemed to refer to the most recent statements furnished pursuant to subsections (a) and (b), respectively, of Section 6.01; provided that in the case of any Incremental Term Loan or Term Loan 66 207163075_10 Increase the proceeds of which are to be used to finance a Limited Condition Acquisition permitted hereunder, to the extent agreed by the Lenders providing such Incremental Term Loan or Term Loan Increase, (i) the representations and warranties the accuracy of which are a condition to the funding of such Incremental Term Loan or Term Loan Increase shall refer solely to the representations and warranties that constitute Specified Representations (or such other formulation thereof as may be agreed by the lenders providing such Incremental Term Loan or Term Loan Increase), (ii) and any reference to "Material Adverse Effect" in the Specified Representations shall be understood for this purpose to refer to "Material Adverse Effect" or similar definition as defined in the definitive acquisition agreement governing such Limited Condition Acquisition; (B) no Default or Event of Default shall exist and be continuing; provided that in the case of any Incremental Term Loan or Term Loan Increase the proceeds of which are to be used to finance a Limited Condition Acquisition permitted hereunder, to the extent agreed by the Lenders providing such Incremental Term Loan or Term Loan Increase, (1) at the time of the execution and delivery of the purchase agreement or other definitive documentation related to such Limited Condition Acquisition, no Event of Default shall have occurred and be continuing or shall occur as a result thereof and (2) on the date of the effectiveness and the making of any such Incremental Term Loan or Term Loan Increase, no Specified Default shall have occurred and be continuing or shall occur as a result thereof; and (C) the Company and its Subsidiaries shall be in pro forma compliance (assuming for this purpose that the full amount of such Incremental Increase (and any other simultaneous Incremental Increase or Incremental Equivalent Debt) is fully drawn and giving pro forma effect to the application of the proceeds thereof) with each of the financial covenants contained in Section 7.12 (and, in the case of any Incremental Increase incurred utilizing the Incremental Ratio Amount, the Consolidated Secured Leverage Ratio required thereby); provided that in the case of any Incremental Term Loan or Term Loan Increase the proceeds of which are to be used to finance a Limited Condition Acquisition, if the Company so requests, to the extent agreed by the Lenders providing such Incremental Term Loan or Term Loan Increase, such compliance may be measured at the LCA Test Date (and in such case, Section 1.12(a) shall then apply). (ii) Upon the reasonable request of any Lender and any Additional Lender, the Borrowers shall have provided to such Person the documentation and other information so requested in connection with applicable "know your customer" and anti-money-laundering rules and regulations, including the Act. (iii) Any Borrower that qualifies as a "legal entity customer" under the Beneficial Ownership Regulation shall deliver to each Lender a Beneficial Ownership Certification in relation to such Borrower. (iv) The Company (for itself or on behalf of any Loan Party) shall deliver or cause to be delivered officer's certificates and legal opinions of the type delivered on the Closing Date pursuant to Section 4.01(a)(v) through (vii) to the extent reasonably requested by, and in form and substance reasonably satisfactory to, the Administrative Agent. (v) To the extent that any Incremental Increase shall take the form of an Incremental Term Loan, this Agreement shall be amended (without the need to obtain the consent of any Lender or any L/C Issuer other than the Lenders providing such Incremental Term Loans), in form and

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&nbsp;&nbsp;&nbsp;&nbsp;67 207163075_10 substance reasonably satisfactory to the Administrative Agent and the Company, to include such terms as are customary for such type of term loan commitment, including mandatory prepayments, assignments and voting provisions; provided that the covenants, defaults and similar non-economic provisions applicable to any Incremental Term Loan, taken as a whole, (1) shall not be materially more restrictive than the corresponding terms set forth in the then existing Loan Documents, taken as a whole, without the express written consent of the Administrative Agent, except to the extent (x) necessary to provide for additional or different covenants or other terms applicable only during the period after the latest Maturity Date of each other then-existing Facility, (y) such terms are added in the Loan Documents for the benefit of the Lenders under each Facility pursuant to an amendment hereto or thereto subject solely to the reasonable satisfaction of the Administrative Agent, or (z) otherwise reasonably acceptable to the Administrative Agent and (2) shall not contravene any of the terms of the then existing Loan Documents. (vi) Each Revolving Credit Increase shall have the same terms as the outstanding Revolving Credit Loans and be part of the Revolving Credit Facility hereunder (it being understood that, if required to consummate a Revolving Credit Increase, the pricing, interest margin, rate floors and commitment fees may be increased so long as such increases apply to the entire Revolving Credit Facility (provided additional upfront or similar fees may be payable to the Lenders participating in the Revolving Credit Increase without any requirement to pay such amounts to Lenders holding existing Revolving Credit Commitments)). Upon each Revolving Credit Increase (x) each Lender having a Revolving Credit Commitment immediately prior to such increase will automatically and without further act be deemed to have assigned to each Lender providing a portion of the Revolving Credit Increase in respect of such increase, and each such increasing Lender will automatically and without further act be deemed to have assumed, a portion of such Revolving Credit Lender's participations hereunder in outstanding Letters of Credit under the Revolving Credit Facility and Swing Line Loans such that, after giving effect to each such deemed assignment and assumption of participations, the percentage of the aggregate outstanding (i) participations hereunder in such Letters of Credit and (ii) participations hereunder in Swing Line Loans, will, in each case, equal each Revolving Credit Lender's Applicable Revolving Credit Percentage (after giving effect to such increase in the Revolving Credit Facility) and (y) if, on the date of such increase there are any Revolving Credit Loans outstanding, the Lenders shall make such payments among themselves as the Administrative Agent may reasonably request to the extent necessary to keep the outstanding Revolving Credit Loans ratable with any revised Applicable Revolving Credit Percentages arising from such Revolving Credit Increase, and the Borrower shall pay to the applicable Lenders any amounts required to be paid pursuant to Section 3.05 in connection with such payments among the Lenders as if such payments were effected by prepayments of Revolving Credit Loans. (vii) Each Term Loan Increase may be part of any existing Term Loan or Incremental Term Loan, as applicable, and shall have the same terms as the outstanding Term Loan or Incremental Term Loan so being increased, as applicable (it being understood that, if required to consummate a Term Loan Increase, the pricing, interest margin, rate floors and commitment fees may be increased so long as such increases apply to the entire Term Loan or Incremental Term Loan so being increased (provided additional upfront, OID or similar fees may be payable to the Lenders participating in the Term Loan Increase without any requirement to pay such amounts to Lenders holding existing Term Loans or Incremental Term Loans)); provided that, as of the Increase Effective Date with respect to any Term Loan Increase, the amortization schedule set forth in Section 2.07 with respect to such Term Loan or Incremental Term Loan shall be amended to increase the then-remaining unpaid installments of principal by an aggregate amount equal to the additional Term Loans being made on such date, such aggregate amount to be applied to increase such installments ratably in accordance with the amounts in effect immediately prior to the Increase 68 207163075_10 Effective Date. Such amendment may be signed by the Administrative Agent on behalf of the Lenders. (e) Conflicting Provisions. This Section shall supersede any provisions in Section 2.13 or 10.01 to the contrary. 2.15 Cash Collateral. (a) Certain Credit Support Events. If (i) the L/C Issuer has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowing, (ii) as of the Letter of Credit Expiration Date, any L/C Obligation for any reason remains outstanding, (iii) the Borrowers shall be required to provide Cash Collateral pursuant to Section 8.02(c), or (iv) there shall exist a Defaulting Lender, the Borrowers shall immediately (in the case of clause (iii) above) or within one Business Day (in all other cases) following any request by the Administrative Agent or the L/C Issuer, provide Cash Collateral in an amount not less than the applicable Minimum Collateral Amount (determined in the case of Cash Collateral provided pursuant to clause (iv) above, after giving effect to Section 2.16(a)(iv) and any Cash Collateral provided by the Defaulting Lender). If at any time the Administrative Agent determines that any funds held as Cash Collateral are subject to any right or claim of any Person other than the Administrative Agent or that the total amount of such funds is less than the aggregate Outstanding Amount of all L/C Obligations, the Company will, forthwith upon demand by the Administrative Agent, pay to the Administrative Agent, as additional funds to be deposited as Cash Collateral, an amount equal to the excess of (x) such aggregate Outstanding Amount over (y) the total amount of funds, if any, then held as Cash Collateral that the Administrative Agent determines to be free and clear of any such right and claim. Upon the drawing of any Letter of Credit for which funds are on deposit as Cash Collateral, such funds shall be applied, to the extent permitted under Applicable Laws, to reimburse the L/C Issuer. (b) Grant of Security Interest. Each Borrower, and to the extent provided by any Defaulting Lender, such Defaulting Lender, hereby grants to (and subjects to the control of) the Administrative Agent, for the benefit of the Administrative Agent, the L/C Issuer and the Lenders, and agrees to maintain, a first priority security interest in all such cash, deposit accounts and all balances therein, and all other property so provided as collateral pursuant hereto, and in all proceeds of the foregoing, all as security for the obligations to which such Cash Collateral may be applied pursuant to Section 2.15(c). If at any time the Administrative Agent determines that Cash Collateral is subject to any right or claim of any Person other than the Administrative Agent or the L/C Issuer as herein provided, or that the total amount of such Cash Collateral is less than the Minimum Collateral Amount, the Borrowers will, promptly upon demand by the Administrative Agent, pay or provide to the Administrative Agent additional Cash Collateral in an amount sufficient to eliminate such deficiency. All Cash Collateral (other than credit support not constituting funds subject to deposit) shall be maintained in blocked deposit accounts at Bank of America. The Borrowers shall pay on demand therefor from time to time all customary account opening, activity and other administrative fees and charges in connection with the maintenance and disbursement of Cash Collateral. (c) Application. Notwithstanding anything to the contrary contained in this Agreement, Cash Collateral provided under any of this Section 2.15 or Sections 2.03, 2.04, 2.05, 2.16 or 8.02 in respect of Letters of Credit shall be held and applied to the satisfaction of the specific L/C Obligations, obligations to fund participations therein (including, as to Cash Collateral provided by a Defaulting Lender, any interest accrued on such obligation) and other obligations for which the Cash Collateral was so provided, prior to any other application of such property as may otherwise be provided for herein. (d) Release. Cash Collateral (or the appropriate portion thereof) provided to reduce Fronting Exposure or to secure other obligations shall be released promptly following (i) the elimination of the applicable Fronting Exposure or other obligations giving rise thereto (including by the termination of 69 207163075_10 Defaulting Lender status of the applicable Lender (or, as appropriate, its assignee following compliance with Section 10.06(b)(vi))) or (ii) the determination by the Administrative Agent and the L/C Issuer that there exists excess Cash Collateral; provided, however, (x) any such release shall be without prejudice to, and any disbursement or other transfer of Cash Collateral shall be and remain subject to, any other Lien conferred under the Loan Documents and the other applicable provisions of the Loan Documents, and (y) the Person providing Cash Collateral and the L/C Issuer may agree that Cash Collateral shall not be released but instead held to support future anticipated Fronting Exposure or other obligations. 2.16 Defaulting Lenders. (a) Adjustments. Notwithstanding anything to the contrary contained in this Agreement, if any Lender becomes a Defaulting Lender, then, until such time as that Lender is no longer a Defaulting Lender, to the extent permitted by Applicable Law: (i) Waivers and Amendments. Such Defaulting Lender's right to approve or disapprove any amendment, waiver or consent with respect to this Agreement shall be restricted as set forth in the definition of "Required Lenders" and Section 10.01. (ii) Reallocation of Payments. Any payment of principal, interest, fees or other amounts received by the Administrative Agent for the account of such Defaulting Lender (whether voluntary or mandatory, at maturity, pursuant to Article VIII or otherwise) or received by the Administrative Agent from a Defaulting Lender pursuant to Section 10.08 shall be applied at such time or times as may be determined by the Administrative Agent as follows: first, to the payment of any amounts owing by such Defaulting Lender to the Administrative Agent hereunder; second, to the payment on a pro rata basis of any amounts owing by such Defaulting Lender to the L/C Issuer or Swing Line Lender hereunder; third, to Cash Collateralize the L/C Issuer's Fronting Exposure with respect to such Defaulting Lender in accordance with Section 2.15; fourth, as the Borrowers may request (so long as no Default or Event of Default exists), to the funding of any Loan in respect of which such Defaulting Lender has failed to fund its portion thereof as required by this Agreement, as determined by the Administrative Agent; fifth, if so determined by the Administrative Agent and the Company, to be held in a deposit account and released pro rata in order to (x) satisfy such Defaulting Lender's potential future funding obligations with respect to Loans under this Agreement and (y) Cash Collateralize the L/C Issuer's future Fronting Exposure with respect to such Defaulting Lender with respect to future Letters of Credit issued under this Agreement, in accordance with Section 2.15; sixth, to the payment of any amounts owing to the Lenders, the L/C Issuer or Swing Line Lender as a result of any judgment of a court of competent jurisdiction obtained by any Lender, the L/C Issuer or the Swing Line Lender against that Defaulting Lender as a result of that Defaulting Lender's breach of its obligations under this Agreement; seventh, so long as no Default or Event of Default exists, to the payment of any amounts owing to the Borrowers as a result of any judgment of a court of competent jurisdiction obtained by the Borrowers against that Defaulting Lender as a result of that Defaulting Lender's breach of its obligations under this Agreement; and eighth, to that Defaulting Lender or as otherwise directed by a court of competent jurisdiction; provided that if (x) such payment is a payment of the principal amount of any Loans or L/C Borrowings in respect of which that Defaulting Lender has not fully funded its appropriate share, and (y) such Loans were made or the related Letters of Credit were issued at a time when the conditions set forth in Section 4.02 were satisfied or waived, such payment shall be applied solely to pay the Loans of, and L/C Obligations owed to, all Non-Defaulting Lenders on a pro rata basis prior to being applied to the payment of any Loans of, or L/C Obligations owed to, that Defaulting Lender until such time as all Loans and funded and unfunded participations in L/C Obligations and Swing Line Loans are held by the Lenders pro rata in accordance with the Commitments hereunder without giving effect to Section 70 207163075_10 2.16(a)(iv). Any payments, prepayments or other amounts paid or payable to a Defaulting Lender that are applied (or held) to pay amounts owed by a Defaulting Lender or to post Cash Collateral pursuant to this Section 2.16(a)(ii) shall be deemed paid to and redirected by that Defaulting Lender, and each Lender irrevocably consents hereto. (iii) Certain Fees. (A) No Defaulting Lender shall be entitled to receive any commitment fee pursuant to Section 2.09(a) for any period during which that Lender is a Defaulting Lender (and the Borrowers shall not be required to pay any such fee that otherwise would have been required to have been paid to that Defaulting Lender). (B) Subject to Section 2.16(a)(ii), each Defaulting Lender shall be entitled to receive Letter of Credit Fees for any period during which that Lender is a Defaulting Lender only to the extent allocable to its Applicable Percentage of the stated amount of Letters of Credit for which it has provided Cash Collateral pursuant to Section 2.15. (C) With respect to any fee payable pursuant to Section 2.09(a) or any Letter of Credit Fee not required to be paid to any Defaulting Lender pursuant to clause (A) or (B) above, the Borrowers shall (x) pay to each Non-Defaulting Lender that portion of any such fee otherwise payable to such Defaulting Lender with respect to such Defaulting Lender's participation in L/C Obligations or Swing Line Loans that has been reallocated to such Non-Defaulting Lender pursuant to clause (iv) below, (y) pay to the L/C Issuer and Swing Line Lender, as applicable, the amount of any such fee otherwise payable to such Defaulting Lender to the extent allocable to the L/C Issuer's or Swing Line Lender's Fronting Exposure to such Defaulting Lender, and (z) not be required to pay the remaining amount of any such fee. (iv) Reallocation of Applicable Percentages to Reduce Fronting Exposure. All or any part of such Defaulting Lender's participation in L/C Obligations and Swing Line Loans shall be reallocated among the Non-Defaulting Lenders in accordance with their respective Applicable Percentages (calculated without regard to such Defaulting Lender's Commitment) upon prior notice to the Company and such Non-Defaulting Lenders, but only to the extent that (x) the conditions set forth in Section 4.02 are satisfied at the time of such reallocation (and, unless the Company shall have otherwise notified the Administrative Agent promptly after receipt of notice of such reallocation, the Borrowers shall be deemed to have represented and warranted that such conditions are satisfied at such time), and (y) such reallocation does not cause the aggregate principal amount at such time of any Non-Defaulting Lender's outstanding Revolving Credit Loans and such Non- Defaulting Lender's participation in L/C Obligations and Swing Line Loans at such time to exceed such Non-Defaulting Lender's Commitment. Subject to Section 10.22 no reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Lender arising from that Lender having become a Defaulting Lender, including any claim of a Non- Defaulting Lender as a result of such Non-Defaulting Lender's increased exposure following such reallocation. (v) Cash Collateral, Repayment of Swing Line Loans. If the reallocation described in clause (a)(iv) above cannot, or can only partially, be effected, the Borrowers shall, without prejudice to any right or remedy available to it hereunder or under Applicable Law, (x) first, prepay Swing Line Loans in an amount equal to the Swing Line Lender's Fronting Exposure and (y) second, Cash Collateralize the L/C Issuers' Fronting Exposure in accordance with the procedures

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&nbsp;&nbsp;&nbsp;&nbsp;71 207163075_10 set forth in Section 2.15. The notice and minimum amount provisions of Section 2.05(b) shall not apply to any prepayments made pursuant to this Section 2.16(a)(v). (b) Defaulting Lender Cure. If the Company, the Administrative Agent, Swing Line Lender and the L/C Issuer agree in writing that a Lender is no longer a Defaulting Lender, the Administrative Agent will so notify the parties hereto, whereupon as of the effective date specified in such notice and subject to any conditions set forth therein (which may include arrangements with respect to any Cash Collateral), that Lender will, to the extent applicable, purchase at par that portion of outstanding Loans of the other Lenders or take such other actions as the Administrative Agent may determine to be necessary to cause the Revolving Credit Loans and funded and unfunded participations in Letters of Credit and Swing Line Loans to be held on a pro rata basis by the Lenders in accordance with their Applicable Percentages (without giving effect to Section 2.16(a)(iv)), whereupon that Lender will cease to be a Defaulting Lender; provided that no adjustments will be made retroactively with respect to fees accrued or payments made by or on behalf of the Borrowers while that Lender was a Defaulting Lender; and provided, further, that except to the extent otherwise expressly agreed by the affected parties, no change hereunder from Defaulting Lender to Lender will constitute a waiver or release of any claim of any party hereunder arising from that Lender's having been a Defaulting Lender. (c) New Swing Line Loans/Letters of Credit. So long as any Lender is a Defaulting Lender, (i) the Swing Line Lender shall not be required to fund any Swing Line Loans unless it is satisfied that it will have no Fronting Exposure after giving effect to such Swing Line Loan and (ii) the L/C Issuer shall not be required to issue, extend, increase, reinstate or renew any Letter of Credit unless it is satisfied that it will have no Fronting Exposure after giving effect thereto. ARTICLE III TAXES, YIELD PROTECTION AND ILLEGALITY 3.01 Taxes. (a) Payments Free of Taxes; Obligation to Withhold; Payments on Account of Taxes. (i) Any and all payments by or on account of any obligation of any Loan Party hereunder or under any other Loan Document shall be made without deduction or withholding for any Taxes, except as required by Applicable Laws. If any Applicable Laws (as determined in the good faith discretion of the Administrative Agent) require the deduction or withholding of any Tax from any such payment by the Administrative Agent or a Loan Party, then the Administrative Agent or such Loan Party shall be entitled to make such deduction or withholding, upon the basis of the information and documentation to be delivered pursuant to subsection (e) below. (ii) If any Loan Party or the Administrative Agent shall be required by the Code to withhold or deduct any Taxes, including both United States Federal backup withholding and withholding taxes, from any payment, then (A) the Administrative Agent shall withhold or make such deductions as are determined by the Administrative Agent to be required based upon the information and documentation it has received pursuant to subsection (e) below, (provided, however, that if the Administrative Agent fails to make such deductions or withholdings, Borrowers shall have the right to make such deductions or withholdings) (B) the Administrative Agent shall timely pay the full amount withheld or deducted to the relevant Governmental Authority in accordance with the Code, and (C) to the extent that the withholding or deduction is made on account of Indemnified Taxes, the sum payable by the applicable Loan Party shall be increased as necessary so that after any required withholding or the making of all required deductions (including deductions applicable to additional sums payable under this Section 3.01) the applicable Recipient receives an amount equal to the sum it would have received had no such withholding or deduction been made. 72 207163075_10 (iii) If any Loan Party or the Administrative Agent shall be required by any Applicable Laws other than the Code to withhold or deduct any Taxes from any payment, then (A) such Loan Party or the Administrative Agent, as required by such Laws, shall withhold or make such deductions as are determined by it to be required based upon the information and documentation it has received pursuant to subsection (e) below, (B) such Loan Party or the Administrative Agent, to the extent required by such Laws, shall timely pay the full amount withheld or deducted to the relevant Governmental Authority in accordance with such Laws, and (C) to the extent that the withholding or deduction is made on account of Indemnified Taxes, the sum payable by the applicable Loan Party shall be increased as necessary so that after any required withholding or the making of all required deductions (including deductions applicable to additional sums payable under this Section 3.01) the applicable Recipient receives an amount equal to the sum it would have received had no such withholding or deduction been made. (b) Payment of Other Taxes by the Borrowers. Without limiting the provisions of subsection (a) above, the Borrowers shall timely pay to the relevant Governmental Authority in accordance with Applicable Law, or at the option of the Administrative Agent timely reimburse it for the payment of, any Other Taxes. (c) Tax Indemnifications. (i) Each Borrower shall, and does hereby, jointly and severally, indemnify each Recipient, and shall make payment in respect thereof within 10 days after demand therefor, for the full amount of any Indemnified Taxes (including Indemnified Taxes imposed or asserted on or attributable to amounts payable under this Section 3.01) payable or paid by such Recipient or required to be withheld or deducted from a payment to such Recipient, and any penalties, interest and reasonable expenses arising therefrom or with respect thereto, whether or not such Indemnified Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered to the Company by a Lender or the L/C Issuer (with a copy to the Administrative Agent), or by the Administrative Agent on its own behalf or on behalf of a Lender or the L/C Issuer, shall be conclusive absent manifest error. Each Borrower shall, and does hereby, jointly and severally, indemnify the Administrative Agent, and shall make payment in respect thereof within 10 days after demand therefor, for any amount which a Lender or the L/C Issuer for any reason fails to pay indefeasibly to the Administrative Agent as required pursuant to Section 3.01(c)(ii) below. (ii) Each Lender and the L/C Issuer shall, and does hereby, severally indemnify, and shall make payment in respect thereof within 10 days after demand therefor, (x) the Administrative Agent against any Indemnified Taxes attributable to such Lender or the L/C Issuer (but only to the extent that the Borrowers have not already indemnified the Administrative Agent for such Indemnified Taxes and without limiting the obligation of the Borrowers to do so), (y) the Administrative Agent and the Borrowers, as applicable, against any Taxes attributable to such Lender's failure to comply with the provisions of Section 10.06(d) relating to the maintenance of a Participant Register and (z) the Administrative Agent and the Borrowers, as applicable, against any Excluded Taxes attributable to such Lender or the L/C Issuer, in each case, that are payable or paid by the Administrative Agent or the Borrowers in connection with any Loan Document, and any reasonable expenses arising therefrom or with respect thereto, whether or not such Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered to any Lender by the Administrative Agent shall be conclusive absent manifest error. Each Lender and the L/C Issuer hereby authorizes the Administrative Agent to set off and apply any and all amounts at any time owing to such Lender or the L/C Issuer, as the case may be, under this Agreement or any other Loan Document against any amount due to the Administrative Agent under this clause (ii). 73 207163075_10 (d) Evidence of Payments. Upon request by the Company or the Administrative Agent, as the case may be, after any payment of Taxes by the Borrowers or by the Administrative Agent to a Governmental Authority as provided in this Section 3.01, the Company shall deliver to the Administrative Agent or the Administrative Agent shall deliver to the Company, as the case may be, the original or a certified copy of a receipt issued by such Governmental Authority evidencing such payment, a copy of any return required by Laws to report such payment or other evidence of such payment reasonably satisfactory to the Company or the Administrative Agent, as the case may be. (e) Status of Lenders; Tax Documentation. (i) Any Lender that is entitled to an exemption from or reduction of withholding Tax with respect to payments made under any Loan Document shall deliver to the Company and the Administrative Agent, at the time or times reasonably requested by the Company or the Administrative Agent, such properly completed and executed documentation reasonably requested by the Company or the Administrative Agent as will permit such payments to be made without withholding or at a reduced rate of withholding. In addition, any Lender, if reasonably requested by the Company or the Administrative Agent, shall deliver such other documentation prescribed by Applicable Law or reasonably requested by the Company or the Administrative Agent as will enable the Company or the Administrative Agent to determine whether or not such Lender is subject to backup withholding or information reporting requirements. Notwithstanding anything to the contrary in the preceding two sentences, the completion, execution and submission of such documentation (other than such documentation set forth in Section 3.01(e)(ii)(A), (ii)(B) and (ii)(D) below) shall not be required if in the Lender's reasonable judgment such completion, execution or submission would subject such Lender to any material unreimbursed cost or expense or would materially prejudice the legal or commercial position of such Lender. (ii) Without limiting the generality of the foregoing, in the event that any Borrower is a U.S. Person, (A) any Lender that is a U.S. Person shall deliver to the Company and the Administrative Agent on or prior to the date on which such Lender becomes a Lender under this Agreement (and from time to time thereafter upon the reasonable request of the Company or the Administrative Agent), executed copies of IRS Form W-9 certifying that such Lender is exempt from U.S. federal backup withholding tax; (B) any Foreign Lender shall, to the extent it is legally entitled to do so, deliver to the Company and the Administrative Agent (in such number of copies as shall be requested by the recipient) on or prior to the date on which such Foreign Lender becomes a Lender under this Agreement (and from time to time thereafter upon the reasonable request of the Company or the Administrative Agent), whichever of the following is applicable: (I) in the case of a Foreign Lender claiming the benefits of an income tax treaty to which the United States is a party (x) with respect to payments of interest under any Loan Document, executed copies of IRS Form W-8BEN-E (or W-8BEN, as applicable) establishing an exemption from, or reduction of, U.S. federal withholding Tax pursuant to the "interest" article of such tax treaty and (y) with respect to any other applicable payments under any Loan Document, IRS Form W-8BEN-E (or W-8BEN, as applicable) establishing an exemption from, or reduction of, U.S. federal withholding Tax pursuant to the "business profits" or "other income" article of such tax treaty; (II) executed copies of IRS Form W-8ECI; 74 207163075_10 (III) in the case of a Foreign Lender claiming the benefits of the exemption for portfolio interest under Section 881(c) of the Code, (x) a certificate substantially in the form of Exhibit I-1 to the effect that such Foreign Lender is not a "bank" within the meaning of Section 881(c)(3)(A) of the Code, a "10 percent shareholder" of any Borrower within the meaning of Section 881(c)(3)(B) of the Code, or a "controlled foreign corporation" described in Section 881(c)(3)(C) of the Code (a "U.S. Tax Compliance Certificate") and (y) executed copies of IRS Form W-8BEN-E (or W-8BEN, as applicable); or (IV) to the extent a Foreign Lender is not the beneficial owner, executed copies of IRS Form W-8IMY, accompanied by IRS Form W-8ECI, IRS Form W-8BEN-E (or W-8BEN, as applicable), a U.S. Tax Compliance Certificate substantially in the form of Exhibit I-2 or Exhibit I-3, IRS Form W-9, and/or other certification documents from each beneficial owner, as applicable; provided that if the Foreign Lender is a partnership and one or more direct or indirect partners of such Foreign Lender are claiming the portfolio interest exemption, such Foreign Lender may provide a U.S. Tax Compliance Certificate substantially in the form of Exhibit I-4 on behalf of each such direct and indirect partner; (C) any Foreign Lender shall, to the extent it is legally entitled to do so, deliver to the Company and the Administrative Agent (in such number of copies as shall be requested by the recipient) on or prior to the date on which such Foreign Lender becomes a Lender under this Agreement (and from time to time thereafter upon the reasonable request of the Company or the Administrative Agent), executed copies of any other form prescribed by Applicable Law as a basis for claiming exemption from or a reduction in U.S. federal withholding Tax, duly completed, together with such supplementary documentation as may be prescribed by Applicable Law to permit the Company or the Administrative Agent to determine the withholding or deduction required to be made; and (D) if a payment made to a Lender under any Loan Document would be subject to U.S. federal withholding Tax imposed by FATCA if such Lender were to fail to comply with the applicable reporting requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of the Code, as applicable), such Lender shall deliver to the Company and the Administrative Agent at the time or times prescribed by law and at such time or times reasonably requested by the Company or the Administrative Agent such documentation prescribed by Applicable Law (including as prescribed by Section 1471(b)(3)(C)(i) of the Code) and such additional documentation reasonably requested by the Company or the Administrative Agent as may be necessary for the Company and the Administrative Agent to comply with their obligations under FATCA and to determine that such Lender has complied with such Lender's obligations under FATCA or to determine the amount to deduct and withhold from such payment. Solely for purposes of this clause (D), "FATCA" shall include any amendments made to FATCA after the date of this Agreement. (iii) Each Lender agrees that if any form or certification it previously delivered pursuant to this Section 3.01 expires or becomes obsolete or inaccurate in any respect, it shall update such form or certification or promptly notify the Company and the Administrative Agent in writing of its legal inability to do so. (f) Treatment of Certain Refunds. Unless required by Applicable Laws, at no time shall the Administrative Agent have any obligation to file for or otherwise pursue on behalf of a Lender or the L/C

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&nbsp;&nbsp;&nbsp;&nbsp;75 207163075_10 Issuer, or have any obligation to pay to any Lender or the L/C Issuer, any refund of Taxes withheld or deducted from funds paid for the account of such Lender or the L/C Issuer, as the case may be. If any Recipient determines, in its sole discretion exercised in good faith, that it has received a refund of any Taxes as to which it has been indemnified by the Borrowers or with respect to which the Borrowers have paid additional amounts pursuant to this Section, it shall pay to the Borrowers an amount equal to such refund (but only to the extent of indemnity payments made, or additional amounts paid, by the Borrowers under this Section with respect to the Taxes giving rise to such refund), net of all out-of-pocket expenses (including Taxes) incurred by such Recipient, and without interest (other than any interest paid by the relevant Governmental Authority with respect to such refund), provided that each Borrower, upon the request of the Recipient, agrees to repay the amount paid over to such Borrower (plus any penalties, interest or other charges imposed by the relevant Governmental Authority) to the Recipient in the event the Recipient is required to repay such refund to such Governmental Authority. Notwithstanding anything to the contrary in this subsection, in no event will the applicable Recipient be required to pay any amount to the Borrowers pursuant to this subsection the payment of which would place the Recipient in a less favorable net after-Tax position than such Recipient would have been in if the indemnification payments or additional amounts giving rise to such refund had never been paid. This subsection shall not be construed to require any Recipient to make available its tax returns (or any other information relating to its taxes that it deems confidential) to any Borrower or any other Person. (g) Survival. Each party's obligations under this Section 3.01 shall survive the resignation or replacement of the Administrative Agent or any assignment of rights by, or the replacement of, a Lender or the L/C Issuer, the termination of the Commitments and the repayment, satisfaction or discharge of all other Obligations. (h) Defined Terms: For purposes of this Section 3.01, the term "Applicable Law" includes FATCA and the term "Lender" includes any L/C Issuer. 3.02 Illegality. If any Lender determines that any Law has made it unlawful, or that any Governmental Authority has asserted that it is unlawful, for any Lender or its applicable Lending Office to make, maintain or fund Loans whose interest is determined by reference to SOFR or Term SOFR, or to determine or charge interest rates based upon SOFR or Term SOFR, then, upon notice thereof by such Lender to the Company (through the Administrative Agent), (a) any obligation of such Lender to make or continue Term SOFR Loans or to convert Base Rate Loans to Term SOFR Loans shall be suspended, and (b) if such notice asserts the illegality of such Lender making or maintaining Base Rate Loans the interest rate on which is determined by reference to the Term SOFR component of the Base Rate, the interest rate on which Base Rate Loans of such Lender shall, if necessary to avoid such illegality, be determined by the Administrative Agent without reference to the Term SOFR component of the Base Rate, in each case until such Lender notifies the Administrative Agent and the Company that the circumstances giving rise to such determination no longer exist. Upon receipt of such notice, (i) the Company shall, upon demand from such Lender (with a copy to the Administrative Agent), prepay or, if applicable, convert all Term SOFR Loans of such Lender to Base Rate Loans (the interest rate on which Base Rate Loans of such Lender shall, if necessary to avoid such illegality, be determined by the Administrative Agent without reference to the Term SOFR component of the Base Rate), either on the last day of the Interest Period therefor, if such Lender may lawfully continue to maintain such Term SOFR Loan to such day, or immediately, if such Lender may not lawfully continue to maintain such Term SOFR Loan and (ii) if such notice asserts the illegality of such Lender determining or charging interest rates based upon SOFR, the Administrative Agent shall during the period of such suspension compute the Base Rate applicable to such Lender without reference to the Term SOFR component thereof until the Administrative Agent is advised in writing by such Lender that it is no longer illegal for such Lender to determine or charge interest rates based upon SOFR. Upon any such prepayment or conversion, the Borrowers shall also pay accrued interest on the amount so prepaid or converted, together with any additional amounts required pursuant to Section 3.05. 76 207163075_10 3.03 Inability to Determine Rates. (a) If in connection with any request for a Term SOFR Loan or a conversion of Base Rate Loans to Term SOFR Loans or a continuation of any of such Loans, as applicable, (i) the Administrative Agent determines (which determination shall be conclusive absent manifest error) that (A) no Successor Rate has been determined in accordance with Section 3.03(b), and the circumstances under clause (i) of Section 3.03(b) or the Scheduled Unavailability Date has occurred, or (B) adequate and reasonable means do not otherwise exist for determining Term SOFR for any requested Interest Period with respect to a proposed Term SOFR Loan or in connection with an existing or proposed Base Rate Loan, or (ii) the Administrative Agent or the Required Lenders determine for any reason that Term SOFR for any requested Interest Period with respect to a proposed Loan does not adequately and fairly reflect the cost to such Lenders of funding such Loan, the Administrative Agent will promptly so notify the Company and each Lender. Thereafter, (x) the obligation of the Lenders to make or maintain Term SOFR Loans, or to convert Base Rate Loans to Term SOFR Loans, shall be suspended (to the extent of the affected Term SOFR Loans or Interest Periods), and (y) in the event of a determination described in the preceding sentence with respect to the Term SOFR component of the Base Rate, the utilization of the Term SOFR component in determining the Base Rate shall be suspended, in each case until the Administrative Agent (or, in the case of a determination by the Required Lenders described in clause (ii) of this Section 3.03(a), until the Administrative Agent upon instruction of the Required Lenders) revokes such notice. Upon receipt of such notice, (i) the Company may revoke any pending request for a Borrowing of, or conversion to, or continuation of Term SOFR Loans (to the extent of the affected Term SOFR Loans or Interest Periods) or, failing that, will be deemed to have converted such request into a request for a Borrowing of Base Rate Loans in the amount specified therein and (ii) any outstanding Term SOFR Loans shall be deemed to have been converted to Base Rate Loans immediately at the end of their respective applicable Interest Period. (b) Replacement of Term SOFR or Successor Rate. Notwithstanding anything to the contrary in this Agreement or any other Loan Documents, if the Administrative Agent determines (which determination shall be conclusive absent manifest error), or the Company or Required Lenders notify the Administrative Agent (with, in the case of the Required Lenders, a copy to the Company) that the Company or Required Lenders (as applicable) have determined, that: (i) adequate and reasonable means do not exist for ascertaining one month, three month and six month interest periods of Term SOFR, including, without limitation, because the Term SOFR Screen Rate is not available or published on a current basis and such circumstances are unlikely to be temporary; or (ii) CME or any successor administrator of the Term SOFR Screen Rate or a Governmental Authority having jurisdiction over the Administrative Agent or such administrator with respect to its publication of Term SOFR, in each case acting in such capacity, has made a public statement identifying a specific date after which one month, three month and six month interest periods of Term SOFR or the Term SOFR Screen Rate shall or will no longer be representative or made available, or permitted to be used for determining the interest rate of U.S. dollar denominated syndicated loans, or shall or will otherwise cease, provided that, at the time of such statement, there is no successor administrator that is satisfactory to the Administrative Agent, that will continue to provide such representative interest periods of Term SOFR after such specific date (the latest date on which one month, three month and six month interest periods of Term SOFR or the Term SOFR Screen Rate are no longer representative or available permanently or indefinitely, the "Scheduled Unavailability Date"); then, on a date and time determined by the Administrative Agent (any such date, the "Term SOFR Replacement Date"), which date shall be at the end of an Interest Period or on the relevant interest payment 77 207163075_10 date, as applicable, for interest calculated and, solely with respect to clause (ii) above, no later than the Scheduled Unavailability Date, Term SOFR will be replaced hereunder and under any Loan Document with Daily Simple SOFR for any payment period for interest calculated that can be determined by the Administrative Agent, in each case, without any amendment to, or further action or consent of any other party to, this Agreement or any other Loan Document (the "Successor Rate"). If the Successor Rate is Daily Simple SOFR, all interest payments will be payable on a quarterly basis. Notwithstanding anything to the contrary herein, (i) if the Administrative Agent determines that Daily Simple SOFR is not available on or prior to the Term SOFR Replacement Date, or (ii) if the events or circumstances of the type described in Section 3.03(b)(i) or (ii) have occurred with respect to the Successor Rate then in effect, then in each case, the Administrative Agent and the Company may amend this Agreement solely for the purpose of replacing Term SOFR or any then current Successor Rate in accordance with this Section 3.03 at the end of any Interest Period, relevant interest payment date or payment period for interest calculated, as applicable, with an alternative benchmark rate giving due consideration to any evolving or then existing convention for similar U.S. dollar denominated credit facilities syndicated and agented in the United States for such alternative benchmark. and, in each case, including any mathematical or other adjustments to such benchmark giving due consideration to any evolving or then existing convention for similar U.S. dollar denominated credit facilities syndicated and agented in the United States for such benchmark. For the avoidance of doubt, any such proposed rate and adjustments, shall constitute a "Successor Rate". Any such amendment shall become effective at 2:00 p.m. on the fifth Business Day after the Administrative Agent shall have posted such proposed amendment to all Lenders and the Company unless, prior to such time, Lenders comprising the Required Lenders have delivered to the Administrative Agent written notice that such Required Lenders object to such amendment. The Administrative Agent will promptly (in one or more notices) notify the Company and each Lender of the implementation of any Successor Rate. Any Successor Rate shall be applied in a manner consistent with market practice; provided that to the extent such market practice is not administratively feasible for the Administrative Agent, such Successor Rate shall be applied in a manner as otherwise reasonably determined by the Administrative Agent. Notwithstanding anything else herein, if at any time any Successor Rate as so determined would otherwise be less than zero, the Successor Rate will be deemed to be zero for the purposes of this Agreement and the other Loan Documents. In connection with the implementation of a Successor Rate, the Administrative Agent will have the right to make Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Loan Document, any amendments implementing such Conforming Changes will become effective without any further action or consent of any other party to this Agreement; provided that, with respect to any such amendment effected, the Administrative Agent shall post each such amendment implementing such Conforming Changes to the Company and the Lenders reasonably promptly after such amendment becomes effective. For purposes of this Section 3.03, those Lenders that either have not made, or do not have an obligation under this Agreement to make, the relevant Loans in Dollars, shall be excluded from any determination of Required Lenders. 3.04 Increased Costs. 78 207163075_10 (a) Increased Costs Generally. If any Change in Law shall: (i) impose, modify or deem applicable any reserve, special deposit, compulsory loan, insurance charge or similar requirement against assets of, deposits with or for the account of, or credit extended or participated in by, any Lender or the L/C Issuer; (ii) subject any Recipient to any Taxes (other than (A) Indemnified Taxes, (B) Taxes described in clauses (b) through (d) of the definition of Excluded Taxes and (C) Connection Income Taxes) on its loans, loan principal, letters of credit, commitments, or other obligations, or its deposits, reserves, other liabilities or capital attributable thereto; or (iii) impose on any Lender or the L/C Issuer any other condition, cost or expense affecting this Agreement or Term SOFR 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, converting to, continuing or maintaining any Loan, (or of maintaining its obligation to make any such Loan), or to increase the cost to such Lender or the L/C Issuer of participating in, issuing or maintaining any Letter of Credit (or of maintaining its obligation to participate in or to issue any Letter of Credit), or to reduce the amount of any sum received or receivable by such Lender or the L/C Issuer hereunder (whether of principal, interest or any other amount) then, upon request of such Lender or the L/C Issuer, the Borrowers will pay to such Lender or the L/C Issuer, as the case may be, such additional amount or amounts as will compensate such Lender or the L/C Issuer, as the case may be, for such additional costs incurred or reduction suffered. (b) Capital Requirements. If any Lender or the L/C Issuer determines that any Change in Law affecting such Lender or the L/C Issuer or any Lending Office of such Lender or such Lender's or the L/C Issuer's holding company, if any, regarding capital or liquidity requirements has or would have the effect of reducing the rate of return on such Lender's or the L/C Issuer's capital or on the capital of such Lender's or the L/C Issuer's holding company, if any, as a consequence of this Agreement, the Commitments of such Lender or the Loans made by, or participations in Letters of Credit or Swing Line Loans held by, such Lender, or the Letters of Credit issued by the L/C Issuer, to a level below that which such Lender or the L/C Issuer or such Lender's or the L/C Issuer's holding company could have achieved but for such Change in Law (taking into consideration such Lender's or the L/C Issuer's policies and the policies of such Lender's or the L/C Issuer's holding company with respect to capital adequacy), then from time to time the Borrowers will pay to such Lender or the L/C Issuer, as the case may be, such additional amount or amounts as will compensate such Lender or the L/C Issuer or such Lender's or the L/C Issuer's holding company for any such reduction suffered. (c) Certificates for Reimbursement. A certificate of a Lender or the L/C Issuer setting forth the amount or amounts necessary to compensate such Lender or the L/C Issuer or its holding company, as the case may be, as specified in subsection (a) or (b) of this Section containing a certification of a responsible officer of such Lender or the L/C Issuer that such costs have not been imposed on the Borrowers disproportionately with other similarly situated borrowers and delivered to the Company shall be conclusive absent manifest error. The Borrowers shall pay such Lender or the L/C Issuer, as the case may be, the amount shown as due on any such certificate within 10 days after receipt thereof. (d) Delay in Requests. Failure or delay on the part of any Lender or the L/C Issuer to demand compensation pursuant to the foregoing provisions of this Section shall not constitute a waiver of such Lender's or the L/C Issuer's right to demand such compensation, provided that the Borrowers shall not be required to compensate a Lender or the L/C Issuer pursuant to the foregoing provisions of this Section for any increased costs incurred or reductions suffered more than nine months prior to the date that such Lender

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&nbsp;&nbsp;&nbsp;&nbsp;79 207163075_10 or the L/C Issuer, as the case may be, notifies the Company of the Change in Law giving rise to such increased costs or reductions and of such Lender's or the L/C Issuer's intention to claim compensation therefor (except that, if the Change in Law giving rise to such increased costs or reductions is retroactive, then the nine-month period referred to above shall be extended to include the period of retroactive effect thereof). 3.05 Compensation for Losses. Upon demand of any Lender (with a copy to the Administrative Agent) from time to time, the Borrowers shall promptly compensate such Lender for and hold such Lender harmless from any loss, cost or expense incurred by it as a result of: (a) any continuation, conversion, payment or prepayment of any Loan other than a Base Rate Loan on a day other than the last day of the Interest Period for such Loan (whether voluntary, mandatory, automatic, by reason of acceleration, or otherwise); (b) any failure by the Borrowers (for a reason other than the failure of such Lender to make a Loan) to prepay, borrow, continue or convert any Loan other than a Base Rate Loan on the date or in the amount notified by the Borrowers; (c) any failure by the Borrowers to make payment of any drawing under any Letter of Credit (or interest due thereon) denominated in an Alternative Currency on its scheduled due date or any payment thereof in a different currency; or (d) any assignment of a Term SOFR Loan on a day other than the last day of the Interest Period therefor as a result of a request by the Company pursuant to Section 10.13; excluding any loss of anticipated profits but including any loss or expense arising from the liquidation or reemployment of funds obtained by it to maintain such Loan or from fees payable to terminate the deposits from which such funds were obtained. The Borrowers shall also pay any customary administrative fees charged by such Lender in connection with the foregoing. 3.06 Mitigation Obligations; Replacement of Lenders. (a) Designation of a Different Lending Office. Each Lender may make any Credit Extension to the Borrowers through any Lending Office, provided that the exercise of this option shall not affect the obligation of the Borrowers to repay the Credit Extension in accordance with the terms of this Agreement. If any Lender requests compensation under Section 3.04, or the Borrowers are required to pay any Indemnified Taxes or additional amount to any Lender, the L/C Issuer, or any Governmental Authority for the account of any Lender or the L/C Issuer pursuant to Section 3.01, or if any Lender gives a notice pursuant to Section 3.02, then at the request of the Company such Lender or the L/C Issuer shall, as applicable, use reasonable efforts to designate a different Lending Office for funding or booking its Loans hereunder or to assign its rights and obligations hereunder to another of its offices, branches or affiliates, if, in the judgment of such Lender or the L/C Issuer, such designation or assignment (i) would eliminate or reduce amounts payable pursuant to Section 3.01 or 3.04, as the case may be, in the future, or eliminate the need for the notice pursuant to Section 3.02, as applicable, and (ii) in each case, would not subject such Lender or the L/C Issuer, as the case may be, to any unreimbursed cost or expense and would not otherwise be disadvantageous to such Lender or the L/C Issuer, as the case may be. Each Borrower hereby agrees to pay all reasonable costs and expenses incurred by any Lender or the L/C Issuer in connection with any such designation or assignment. (b) Replacement of Lenders. If any Lender requests compensation under Section 3.04, or if any Borrower is required to pay Indemnified Taxes or any additional amount to any Lender or any 80 207163075_10 Governmental Authority for the account of any Lender pursuant to Section 3.01 and, in each case, such Lender has declined or is unable to designate a different lending office in accordance with Section 3.06(a), the Borrowers may replace such Lender in accordance with Section 10.13. 3.07 Survival. All of the Borrowers' obligations under this Article III shall survive termination of the Aggregate Commitments, repayment of all other Obligations hereunder, and resignation of the Administrative Agent. ARTICLE IV CONDITIONS PRECEDENT TO CREDIT EXTENSIONS 4.01 Conditions to Effectiveness and Initial Credit Extension. The effectiveness of this Agreement as an amendment and restatement of the Existing Credit Agreement and the obligation of the L/C Issuer and each Lender to make its initial Credit Extension hereunder or to continue its Credit Extensions hereunder, as applicable, are subject to satisfaction of the following conditions precedent: (a) The Administrative Agent's receipt of the following, each of which shall be originals or telecopies (followed promptly by originals) unless otherwise specified, each properly executed by a Responsible Officer of the signing Loan Party, each dated the Closing Date (or, in the case of certificates of governmental officials, a recent date before the Closing Date) and each in form and substance satisfactory to the Administrative Agent, the Collateral Agent and each of the Lenders: (i) executed counterparts of this Agreement and the Guaranty; (ii) a Note executed by the Borrowers in favor of each Lender requesting a Note; (iii) executed counterparts of the Security Agreement and Pledge Agreement, together with (in each case, as applicable, to the extent not on file with the Collateral Agent): (A) Uniform Commercial Code financing statements (and any amendments thereto, as applicable) suitable in form and substance for filing in all places required by Applicable Law to perfect the Liens of the Collateral Agent under the Security Instruments as a first priority Lien as to items of Collateral in which a security interest may be perfected by the filing of financing statements, and such other documents and/or evidence of other actions as may be reasonably necessary under Applicable Law to perfect the Liens of the Collateral Agent under such Security Instruments as a first priority Lien in and to such other Collateral as the Collateral Agent may require, including without limitation the delivery by any Borrower or any other Loan Party of all certificates evidencing pledged interests, accompanied in each case by duly executed stock powers (or other appropriate transfer documents) in blank affixed thereto; (B) if requested, the originals of all promissory notes issued in connection with Indebtedness permitted by Section 7.03(e), together with duly executed undated endorsements in blank affixed thereto; (C) except with the express prior written consent of the Collateral Agent in each instance, with respect to the Investment Property (as defined in the Security Agreement) listed on Schedule 9(e) of the Security Agreement, Qualifying Control Agreements (as defined in the Security Agreement) from the applicable securities intermediary; 81 207163075_10 (D) except with the express prior written consent of the Collateral Agent in each instance, with respect to the Deposit Accounts (as defined in the Security Agreement) listed on Schedule 9(f) of the Security Agreement, Qualifying Control Agreements (as defined in the Security Agreement) from the applicable depositary institutions; and (E) evidence that all insurance required to be maintained pursuant to the Loan Documents has been obtained and is in effect, together with the certificates of insurance and endorsements, naming the Collateral Agent, on behalf of the Secured Parties, as an additional insured or lender's loss payee, as the case may be, under all insurance policies maintained with respect to the assets and properties of the Loan Parties that constitute Collateral; (iv) such certificates of resolutions or other action, incumbency certificates and/or other certificates (including specimen signatures) of Responsible Officers of each Loan Party as the Administrative Agent may require evidencing the identity, authority and capacity of each Responsible Officer thereof authorized to act as a Responsible Officer in connection with this Agreement and the other Loan Documents to which such Loan Party is a party; (v) such documents and certifications as the Administrative Agent may reasonably require to evidence that each Loan Party is duly organized or formed, and that each Loan Party is validly existing, in good standing and qualified to engage in business in the jurisdiction of its organization or formation; (vi) a customary opinion, addressed to the Administrative Agent, Collateral Agent and each Lender, of Jones Day, counsel for the Borrowers and the Loan Parties, and the general counsel or assistant general counsel for the Borrowers and the Loan Parties, in each case in form and substance satisfactory to the Administrative Agent concerning the Loan Parties and the Loan Documents and as to such matters and jurisdictions as the Administrative Agent, Collateral Agent may reasonably request; (vii) a certificate of a Responsible Officer of the Company either (A) attaching copies of all consents, licenses and approvals required by any Governmental Authority or any other Person in connection with the execution, delivery and performance by each Loan Party and the validity against such Loan Party of the Loan Documents to which it is a party, and such consents, licenses and approvals shall be in full force and effect, or (B) stating that no such consents, licenses or approvals are so required (except for (x) the consents, licenses and approvals which have been duly obtained, taken, given or made and (y) the filing of Uniform Commercial Code financing statements pursuant to the Loan Documents); (viii) a certificate signed by a Responsible Officer of each Borrower certifying (A) that the conditions specified in Sections 4.02(a) and (b) have been satisfied, (B) that there has been no event or circumstance since the date of the Audited Financial Statements that has had or could be reasonably expected to have, either individually or in the aggregate, a Material Adverse Effect and (C) that Project Hub City has been or will be consummated as of the date hereof (and attaching each material document related to Project Hub City); (ix) a certificate signed by the chief financial officer of the Company certifying that, after giving effect to this Agreement and the Credit Extensions made or continued on the Closing Date, (A) each Borrower, individually, is Solvent and (B) each Guarantor, together with the other Loan Parties, is Solvent; 82 207163075_10 (x) (A) upon the reasonable request of any Lender made at least five days prior to the Closing Date, the Borrowers shall have provided to such Lender the documentation and other information so requested in connection with applicable "know your customer" and anti-money- laundering rules and regulations, including the Act, in each case at least five days prior to the Closing Date; and (B) at least three days prior to the Closing Date, any Borrower that qualifies as a "legal entity customer" under the Beneficial Ownership Regulation shall deliver to each Lender a Beneficial Ownership Certification in relation to such Borrower; and (xi) such other assurances, certificates, documents, consents or opinions as the Administrative Agent, the Collateral Agent, the L/C Issuer, the Swing Line Lender or the Required Lenders reasonably may require. (b) Any fees required to be paid on or before the Closing Date shall have been paid. (c) Unless waived by the Administrative Agent, the Borrowers shall have paid all reasonable fees, charges and disbursements of counsel to the Administrative Agent (directly to such counsel if requested by the Administrative Agent) to the extent invoiced at least two Business Days prior to or on the Closing Date, plus such additional amounts of such fees, charges and disbursements as shall constitute its reasonable estimate of such fees, charges and disbursements incurred or to be incurred by it through the closing proceedings (provided that such estimate shall not thereafter preclude a final settling of accounts between the Borrowers and the Administrative Agent). Without limiting the generality of the provisions of the last paragraph of Section 9.03, for purposes of determining compliance with the conditions specified in this Section 4.01, each Lender that has signed this Agreement shall be deemed to have consented to, approved or accepted or to be satisfied with, each document or other matter required thereunder to be consented to or approved by or acceptable or satisfactory to a Lender unless the Administrative Agent shall have received notice from such Lender prior to the proposed Closing Date specifying its objection thereto. 4.02 Conditions to all Credit Extensions. The obligation of each Lender to honor any Request for Credit Extension (other than a Loan Notice requesting only a conversion of Loans to the other Type, or a continuation of Term SOFR Loans) is subject to the following conditions precedent: (a) The representations and warranties of each Borrower and each other Loan Party contained in Article V or any other Loan Document, or which are contained in any document furnished at any time under or in connection herewith or therewith, shall be true and correct in all material respects on and as of the date of such Credit Extension, except to the extent that such representations and warranties are qualified by materiality, in which case such representations and warranties shall be true and correct in all respects, and except to the extent that such representations and warranties specifically refer to an earlier date, in which case they shall be true and correct as of such earlier date, and except that for purposes of this Section 4.02, the representations and warranties contained in subsections (a) and (b) of Section 5.05 shall be deemed to refer to the most recent statements furnished pursuant to clauses (a) and (b), respectively, of Section 6.01, and excluding, after the Closing Date, the representation and warranty set forth in Section 5.26. (b) No Default shall exist, or would result from such proposed Credit Extension or from the application of the proceeds thereof.

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&nbsp;&nbsp;&nbsp;&nbsp;83 207163075_10 (c) The Administrative Agent and, if applicable, the L/C Issuer or the Swing Line Lender shall have received a Request for Credit Extension in accordance with the requirements hereof (except in the case of Credit Extensions made or deemed to be made under Sections 2.14(b)(v) and 2.16(a)(iv)). (d) In the case of a Letter of Credit to be denominated in an Alternative Currency, there shall not have occurred any change in national or international financial, political or economic conditions or currency exchange rates or exchange controls which in the reasonable opinion of the Administrative Agent or the L/C Issuer would make it impracticable for such Letter of Credit to be denominated in the relevant Alternative Currency. Each Request for Credit Extension (other than a Loan Notice requesting only a conversion of Loans to the other Type or a continuation of Term SOFR Loans) submitted by the Company shall be deemed to be a representation and warranty that the conditions specified in Sections 4.02(a) and (b) have been satisfied on and as of the date of the applicable Credit Extension. ARTICLE V REPRESENTATIONS AND WARRANTIES The Company represents and warrants to the Administrative Agent and the Lenders that: 5.01 Existence, Qualification and Power. Each Borrower and each of its Subsidiaries (a) is a corporation, partnership or limited liability company, duly organized or formed, validly existing and in good standing under the Laws of the jurisdiction of its incorporation or organization, (b) has all requisite power and authority and all governmental licenses, authorizations, consents and approvals (i) to own its assets, carry on its business and (ii) to execute, deliver, and perform its obligations under the Loan Documents to which it is a party, (c) is duly qualified and is licensed and in good standing under the Laws of each jurisdiction where its ownership, lease or operation of properties or the conduct of its business requires such qualification or license, and (d) is in compliance with all Laws, except in each case referred to in subsection (a) of this Section, with respect to Subsidiaries that are not Guarantors and subsection (b)(i), (c) or (d) of this Section, to the extent that failure to do so could not reasonably be expected to have a Material Adverse Effect. 5.02 Authorization; No Contravention. The execution, delivery and performance by each Loan Party of each Loan Document to which such Person is party, have been duly authorized by all necessary corporate or other organizational action, and do not and will not (a) contravene the terms of any of such Person's Organization Documents; (b) conflict with or result in any breach or contravention of, or the creation of any Lien under, (i) any Contractual Obligation to which such Person is a party or (ii) any material order, injunction, writ or decree of any Governmental Authority to which such Person or its property is subject, except to the extent that the failure to do so could not reasonably be expected to have a Material Adverse Effect; or (c) to the knowledge of any Responsible Officer of any Loan Party, violate any Law. Each Loan Party and each Subsidiary thereof is in compliance with all Contractual Obligations referred to in clause (b)(i), except to the extent that any such conflict, breach, contravention, creation or violation could not reasonably be expected to have a Material Adverse Effect. 5.03 Governmental Authorization; Other Consents. No approval, consent, exemption, authorization, or other action by, or notice to, or filing with, any Governmental Authority or any other Person is necessary or required in connection with the execution, delivery or performance by, or enforcement against, any Loan Party of this Agreement or any other Loan Document, except for (a) the authorizations, approvals, actions, notices and filings which have been duly obtained, taken, given or made and are in full force and effect or (b) the filing of Uniform Commercial Code financing statements pursuant to the Loan Documents. 84 207163075_10 5.04 Binding Effect. This Agreement has been, and each other Loan Document, when delivered hereunder, will have been, duly executed and delivered by each Loan Party that is party thereto. This Agreement constitutes, and each other Loan Document when so delivered will constitute, a legal, valid and binding obligation of such Loan Party, enforceable against each Loan Party that is party thereto in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws generally affecting the rights of creditors, and subject to equitable principles of general application. 5.05 Financial Statements; No Material Adverse Effect. (a) The Audited Financial Statements (i) were prepared in accordance with GAAP consistently applied throughout the period covered thereby, except as otherwise expressly noted therein; (ii) fairly present in all material respects the financial condition of the Company and its Subsidiaries as of the date thereof and their results of operations for the period covered thereby in accordance with GAAP consistently applied throughout the period covered thereby, except as otherwise expressly noted therein; and (iii) show all material indebtedness and other liabilities, direct or contingent, of the Company and its Subsidiaries as of the date thereof, including liabilities for taxes, material commitments and Indebtedness. (b) The unaudited consolidated financial statements of the Company and its Subsidiaries contained in the related quarterly report on Form 10-Q filed with the SEC for each quarterly period since the Audited Financial Statements, (i) were prepared in accordance with GAAP consistently applied throughout the period covered thereby, except as otherwise expressly noted therein, and subject to the absence of footnotes and ordinary, good faith year end audit adjustments; (ii) fairly present in all material respects the financial condition of the Company and its Subsidiaries as of the date thereof and their results of operations for the period covered thereby; and (iii) show all material indebtedness and other liabilities, direct or contingent, of the Company and its consolidated Subsidiaries as of the date thereof, including liabilities for taxes, material commitments and Indebtedness. (c) Since the date of the Audited Financial Statements, there has been no event or circumstance, either individually or in the aggregate, that has had or could reasonably be expected to have a Material Adverse Effect. (d) As of the Closing Date, there exists no Project Debt, other than as specifically identified on Schedule 5.05(d). 5.06 Litigation. Except as specifically disclosed on Schedule 5.06, there are no actions, suits, proceedings, claims or disputes pending or, to the knowledge of any Borrower after due inquiry, threatened in writing, at law, in equity, in arbitration or before any Governmental Authority, by or against any Borrower or any of its Subsidiaries or against any of their properties or revenues that if determined adversely, could reasonably be expected to have a Material Adverse Effect. 5.07 No Default. Neither any Borrower nor any Subsidiary is in default under or with respect to any Contractual Obligation, in each case that could be reasonably expected to have a Material Adverse Effect. No Default or Event of Default has occurred and is continuing or would result from the consummation of the transactions contemplated by this Agreement or any other Loan Document. 5.08 Ownership of Property; Liens. Each of the Borrowers and their respective Subsidiaries has good record and marketable title in fee simple to, or valid leasehold interests in, all real property necessary or used in the ordinary conduct of its business, except for such defects in title as could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. As of the 85 207163075_10 Closing Date, the property of each Borrower and its Subsidiaries is not subject to any Lien, other than Liens permitted by Section 7.01. 5.09 Environmental Compliance. (a) The on-going operations of each Borrower and each of its Subsidiaries, after the Closing Date, comply in all respects with all Environmental Laws, except such non-compliance that, individually or in the aggregate, would not reasonably be expected to result in a Material Adverse Effect. (b) Except as specifically identified on Schedule 5.09, or except to the extent that noncompliance would not reasonably be expected to result in a Material Adverse Effect, each Borrower and each of its Subsidiaries have obtained all licenses, permits, authorizations and registrations required under any Environmental Law ("Environmental Permits") necessary for their respective operations, and all such Environmental Permits are in good standing, and each Borrower and each of its Subsidiaries are in compliance with all terms and conditions of such Environmental Permits. (c) Except as specifically identified on Schedule 5.09, none of any Borrower or any of its Subsidiaries or any of their present property or operations is subject to any (i) outstanding written order from or agreement with any Governmental Authority or other Person, or (ii) judicial or docketed administrative proceeding respecting any Environmental Law, Environmental Claim or Hazardous Material, other than, in the case of clause (i), any such order or agreement the breach or violation of which would not reasonably be expected to result in a Material Adverse Effect and, in the case of clause (ii), any such proceeding that if determined adversely to the Company or any of its Subsidiaries would not reasonably be expected to result in a Material Adverse Effect. (d) There are no conditions or circumstances relating to any property of any Borrower or its Subsidiaries, or arising from operations of any Borrower or its Subsidiaries conducted prior to the Closing Date that, together with all other such conditions and circumstances relating to all other properties and operations, may give rise to Environmental Claims with a potential liability as to the Company and its Subsidiaries together that, individually or in the aggregate, would reasonably be expected to have a Material Adverse Effect. (e) Except as specifically identified on Schedule 5.09, as of the Closing Date, no Borrower has knowledge of any oral or written notification of a Release of a Hazardous Material has been filed by or on behalf of such Borrower or any of its Subsidiaries and no site, facility or vessel now or previously owned, operated or leased by such Borrower or any of its Subsidiaries is listed or to the knowledge of such Borrower or any of its Subsidiaries proposed for listing on any federal or state list of sites requiring investigation or clean-up. 5.10 Insurance. The properties of each Borrower and its Subsidiaries are insured with financially sound and reputable insurance companies not Affiliates of any Borrower, in such amounts, with such deductibles and covering such risks as are customarily carried by companies engaged in similar businesses and owning similar properties in localities where such Borrower or the applicable Subsidiary operates (including, but not limited to, flood insurance). 5.11 Taxes. Each Borrower and its Subsidiaries have filed (or have obtained appropriate extensions in respect of) all Federal, all material state and other material tax returns and reports required to be filed, and have paid (or have obtained appropriate extensions in respect of) all Federal, all material state and other material taxes, assessments, fees and other governmental charges levied or imposed upon them or their properties, income or assets otherwise due and payable, except those which are being contested in good faith by appropriate proceedings and for which adequate reserves have been provided in accordance 86 207163075_10 with GAAP. To the Borrowers' knowledge, there is no proposed (in writing) tax assessment against any Borrower or any Subsidiary that would, if made, have a Material Adverse Effect. 5.12 ERISA Compliance. (a) To the Borrowers' knowledge, each Plan that is maintained or sponsored by the Company or an ERISA Affiliate is in compliance in all material respects with the applicable provisions of ERISA, the Code and other Federal or state laws, except where failure to comply could not reasonably be expected to have a Material Adverse Effect. To the Borrowers' knowledge, each Pension Plan that is maintained or sponsored by the Company or an ERISA Affiliate and that is intended to be a qualified plan under Section 401(a) of the Code has received a favorable determination letter from the Internal Revenue Service to the effect that the form of such Plan is qualified under Section 401(a) of the Code and the trust related thereto has been determined by the Internal Revenue Service to be exempt from federal income tax under Section 501(a) of the Code, or an application for such a letter is either currently being processed by the Internal Revenue Service or is not yet due under the Internal Revenue Service's determination letter filing program (or, in the case of a Pension Plan maintained pursuant to the adoption of a prototype or volume submitter plan document, the sponsor of the prototype or volume submitter document has obtained from the IRS an opinion or notification letter to the effect that the form of the prototype or volume submitter document is acceptable for the establishment of a qualified retirement plan). To the knowledge of the Borrowers, nothing has occurred that would reasonably be expected to prevent or cause the loss of such tax-qualified status. (b) There are no pending or, to the knowledge of the Borrowers, threatened claims, actions or lawsuits, or action by any Governmental Authority, with respect to any Plan that could reasonably be expected to have a Material Adverse Effect. There has been no prohibited transaction or violation of the fiduciary responsibility rules with respect to any Plan that has resulted or could reasonably be expected to result in a Material Adverse Effect. (c) Except as could not reasonably be expected to have a Material Adverse Effect, (i) no ERISA Event has occurred, and neither the Company nor any ERISA Affiliate is aware of any fact, event or circumstance that could reasonably be expected to constitute or result in an ERISA Event with respect to any Pension Plan; (ii) the Company and each ERISA Affiliate has met all applicable requirements under the Pension Funding Rules in respect of each Pension Plan, and no waiver of the minimum funding standards under the Pension Funding Rules has been applied for or obtained; (iii) as of the most recent valuation date for any Pension Plan, the funding target attainment percentage (as defined in Section 430(d)(2) of the Code) is 60% or higher and neither the Company nor any ERISA Affiliate knows of any facts or circumstances that could reasonably be expected to cause the funding target attainment percentage for any such plan to drop below 60% as of the most recent valuation date; (iv) neither the Company nor any ERISA Affiliate has incurred any liability to the PBGC other than for the payment of premiums, and there are no premium payments which have become due that are unpaid; (v) neither the Company nor any ERISA Affiliate has engaged in a transaction that could reasonably expected to be subject to Section 4069 or Section 4212(c) of ERISA; and (vi) no Pension Plan has been terminated within the preceding five years by the plan administrator thereof nor by the PBGC, and to the knowledge of the Borrowers, no event or circumstance has occurred or exists that could reasonably be expected to cause the PBGC to institute proceedings under Title IV of ERISA to terminate any Pension Plan. (d) Each Borrower represents and warrants as of the Closing Date that each Borrower is not and will not be 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.

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&nbsp;&nbsp;&nbsp;&nbsp;87 207163075_10 5.13 Subsidiaries; Equity Interests. As of the Closing Date, the Company has no Subsidiaries other than those specifically disclosed in Part (1) of Schedule 5.13, and has no equity investments in any other corporation or entity (including GLC Ventures and Construction JVs) other than those specifically disclosed in Part (2) of Schedule 5.13 and investments held in securities accounts. 5.14 Margin Regulations; Investment Company Act. (a) No Borrower is engaged and no Borrower will engage, principally or as one of its important activities, in the business of purchasing or carrying margin stock (within the meaning of Regulation U issued by the FRB), or extending credit for the purpose of purchasing or carrying margin stock. (b) No Borrower nor any Subsidiary of any Borrower is or is required to be registered as an "investment company" under the Investment Company Act of 1940. 5.15 Disclosure. The documents, certificates and written statements (including the Loan Documents) furnished to the Administrative Agent and the Lenders by any Borrower or any Subsidiary for use in connection with the transactions contemplated by this Agreement, taken as a whole and in light of the circumstances under which they were made, do not contain any untrue statement of a material fact or omit to state a material fact (known to any Borrower in the case of any document not furnished by it) necessary in order to make the statements contained herein or therein not misleading (it being recognized by the Administrative Agent and the Lenders that projections and forecasts provided to them by any Borrower are not to be viewed as facts and that actual results during the period or periods covered by any such projections and forecasts may differ materially from the projected or forecasted results). 5.16 Intellectual Property; Licenses, Etc. To the Borrowers' knowledge, each Borrower and its Subsidiaries own, or possess the right to use, all of the trademarks, service marks, trade names, copyrights, patents, patent rights, franchises, licenses and other intellectual property rights (collectively, "IP Rights") that are reasonably necessary for the operation of their respective businesses, taken as a whole, except as could not reasonably be expected to have a Material Adverse Effect. To the best knowledge of the Borrowers, no slogan or other advertising device, product, process, method, substance, part or other material employed or contemplated to be employed by any Borrower or any Subsidiary infringes upon any rights held by any other Person, except as could not reasonably be expected to have a Material Adverse Effect. Except as specifically disclosed in Schedule 5.16, no claim or litigation regarding any of the foregoing is pending or, to the knowledge of the Borrowers, threatened in writing, and no patent, invention, device, application, principle or any statute, law, rule, regulation, standard or code in respect thereof is pending or, to the knowledge of the Borrowers, proposed, which, in either case, could reasonably be expected to have a Material Adverse Effect. 5.17 Swap Contracts. Each Borrower and its Subsidiaries have each voluntarily entered into each Swap Contract to which it is a party based upon its own independent assessment of its consolidated assets, liabilities and commitments in each case as an appropriate means of mitigating and managing risks associated with such matters. 5.18 Labor Relations. There are no strikes, lockouts or other labor disputes against any Borrower or any of its Subsidiaries, or, to the Borrowers' knowledge, threatened against or affecting any Borrower or any of its Subsidiaries, and no significant unfair labor practice complaint is pending against any Borrower or any of its Subsidiaries or, to the best knowledge of the Borrowers, threatened in writing against any of them before any Governmental Authority, which could reasonably be expected to result in a Material Adverse Effect. 5.19 Solvency. Each Loan Party is, individually and together with its Subsidiaries, Solvent. 88 207163075_10 5.20 [Reserved]. 5.21 Representations as to Foreign Obligors. Each Borrower and each Foreign Obligor represents and warrants to the Administrative Agent and the Lenders that: (a) Such Foreign Obligor is subject to civil and commercial Laws with respect to its obligations under this Agreement and the other Loan Documents to which it is a party (collectively as to such Foreign Obligor, the "Applicable Foreign Obligor Documents"), and the execution, delivery and performance by such Foreign Obligor of the Applicable Foreign Obligor Documents constitute and will constitute private and commercial acts and not public or governmental acts. Neither such Foreign Obligor nor any of its property has any immunity from jurisdiction of any court or from any legal process (whether through service or notice, attachment prior to judgment, attachment in aid of execution, execution or otherwise) under the laws of the jurisdiction in which such Foreign Obligor is organized and existing in respect of its obligations under the Applicable Foreign Obligor Documents. (b) The Applicable Foreign Obligor Documents are in proper legal form under the Laws of the jurisdiction in which such Foreign Obligor is organized and existing for the enforcement thereof against such Foreign Obligor under the Laws of such jurisdiction, and to ensure the legality, validity, enforceability, priority or admissibility in evidence of the Applicable Foreign Obligor Documents. Except as disclosed to the Administrative Agent from time to time, it is not necessary to ensure the legality, validity, enforceability, priority or admissibility in evidence of the Applicable Foreign Obligor Documents that the Applicable Foreign Obligor Documents be filed, registered or recorded with, or executed or notarized before, any court or other authority in the jurisdiction in which such Foreign Obligor is organized and existing or that any registration charge or stamp or similar tax be paid on or in respect of the Applicable Foreign Obligor Documents or any other document, except for (i) any such filing, registration, recording, execution or notarization as has been made or is not required to be made until the Applicable Foreign Obligor Document or any other document is sought to be enforced and (ii) any charge or tax as has been timely paid. (c) Except as disclosed to the Administrative Agent from time to time, there is no tax, levy, impost, duty, fee, assessment or other governmental charge, or any deduction or withholding, imposed by any Governmental Authority in or of the jurisdiction in which such Foreign Obligor is organized and existing either (i) on or by virtue of the execution or delivery of the Applicable Foreign Obligor Documents or (ii) on any payment to be made by such Foreign Obligor pursuant to the Applicable Foreign Obligor Documents, except as has been disclosed to the Administrative Agent. (d) Except as disclosed to the Administrative Agent from time to time, the execution, delivery and performance of the Applicable Foreign Obligor Documents executed by such Foreign Obligor are, under applicable foreign exchange control regulations of the jurisdiction in which such Foreign Obligor is organized and existing, not subject to any notification or authorization except (i) such as have been made or obtained or (ii) such as cannot be made or obtained until a later date (provided that any notification or authorization described in clause (ii) shall be made or obtained as soon as is reasonably practicable). 5.22 OFAC. Neither the Company nor, to the knowledge of a Responsible Officer of any Loan Party, any Related Party, is an individual or entity that is, or is owned or controlled by any individual or entity that is (a) currently the subject of any Sanctions, (b) included on OFAC's List of Specially Designated nationals, HMT's Consolidated List of Financial Sanctions Targets and the Investment Ban List, or any similar list enforced by any other relevant Governmental Authority identified in the definition of "Sanctions" or (c) located, organized or resident in a Designated Jurisdiction. 5.23 Security Instruments. The provisions of the Security Instruments are effective to create in favor of the Collateral Agent for the benefit of the Secured Parties a legal, valid and enforceable first 89 207163075_10 priority Lien (subject to Liens permitted by Section 7.01) on all right, title and interest of the respective Loan Parties in the Collateral described therein. Except for filings and actions contemplated hereby and by the Security Instruments, no filing or other action will be necessary to perfect or protect such Liens. 5.24 Anti-Corruption Laws. The Company and its Subsidiaries have conducted their businesses in compliance with the United States Foreign Corrupt Practices Act of 1977, the UK Bribery Act 2010, and other similar anti-corruption legislation in other jurisdictions, in each case, that is applicable to the Company and its Subsidiaries. The Company has instituted and maintained policies and procedures designed to promote and achieve compliance with such laws. 5.25 Not an Affected Financial Institution. Neither any Borrower nor any Guarantor is an Affected Financial Institution. 5.26 Beneficial Ownership. As of the Closing Date, the information included in the Beneficial Ownership Certification is true and correct in all respects. 5.27 Covered Entities. No Loan Party is a Covered Entity. 5.28 Outbound Investment Rules. No Loan Party is a "covered foreign person" as that term is used in the Outbound Investment Rules. No Loan Party currently engages, or has any present intention to engage in the future, directly or indirectly, in (a) a "covered activity" or a "covered transaction", as each such term is defined in the Outbound Investment Rules, (b) any activity or transaction that would constitute a "covered activity" or a "covered transaction", as each such term is defined in the Outbound Investment Rules, if any Loan Party, as applicable, were a U.S. Entity or (c) any other activity that would cause the Administrative Agent or any Lender Party to be in violation of the Outbound Investment Rules or cause the Administrative Agent or any Lender Party to be legally prohibited by the Outbound Investment Rules from performing under this Agreement. ARTICLE VI AFFIRMATIVE COVENANTS So long as any Lender shall have any Commitment hereunder, any Loan or other Obligation hereunder shall remain unpaid or unsatisfied (other than contingent indemnification obligations and other obligations that purport to survive termination of this Agreement), or any Letter of Credit shall remain outstanding (unless Cash Collateralized to the reasonable satisfaction of the Administrative Agent), the Company shall, and shall (except in the case of the covenants set forth in Sections 6.01, 6.02, 6.03 and 6.14) cause each Subsidiary to: 6.01 Financial Statements. Deliver to the Administrative Agent and each Lender, in form and detail satisfactory to the Administrative Agent and the Required Lenders: (a) as soon as available, but in any event, within 90 days after the end of each fiscal year of the Company (i) a consolidated balance sheet of the Company and its Subsidiaries as at the end of such fiscal year, and the related consolidated statements of income or operations, shareholders' equity and cash flows for such fiscal year, setting forth in each case in comparative form the figures for the previous fiscal year, all in reasonable detail and prepared in accordance with GAAP, audited and accompanied by a report and opinion of an independent certified public accountant of nationally recognized standing reasonably acceptable to the Required Lenders, which report and opinion shall be prepared in accordance with GAAP and shall not be subject to any qualifications or exceptions as to the scope of the audit nor to any qualifications or exceptions not reasonably acceptable to the Required Lenders, or (ii) an SEC Form 10-K for the Company (excluding the exhibits thereto) relating to such fiscal year; and 90 207163075_10 (b) as soon as available, but in any event, within 45 days after the end of each of the first three fiscal quarters of each fiscal year of the Company (commencing with the fiscal quarter ended June 30, 2025) (i) a consolidated balance sheet of the Company and its Subsidiaries as at the end of such fiscal quarter, the related consolidated statements of income or operations, shareholders' equity and cash flows for such fiscal quarter and for the portion of the Company's fiscal year then ended, setting forth in comparative form, as applicable, the figures for the corresponding fiscal quarter of the previous fiscal year and the corresponding portion of the previous fiscal year, all in reasonable detail and certified by a Responsible Officer of the Company as fairly presenting the financial condition, results of operations, shareholders' equity and cash flows of the Company and its Subsidiaries in accordance with GAAP, subject only to normal year-end audit adjustments and the absence of footnotes, or (ii) an SEC Form 10-Q for the Company (excluding the exhibits thereto) relating to such fiscal quarter. 6.02 Certificates; Other Information. Deliver to the Administrative Agent and each Lender, in form and detail satisfactory to the Administrative Agent and the Required Lenders: (a) concurrently with the delivery of the financial statements referred to in Section 6.01(a) (unless included in the applicable SEC Form 10-K), a certificate of its independent certified public accountants certifying such financial statements; (b) concurrently with the delivery of the financial statements referred to in Sections 6.01(a) and (b), a duly completed Compliance Certificate signed by a Responsible Officer of the Company (which delivery may, unless the Administrative Agent, or a Lender requests executed originals, be by electronic communication including fax or email and shall be deemed to be an original authentic counterpart thereof for all purposes); (c) promptly after the same are available, copies of each annual report, proxy or financial statement or other report or communication sent to the stockholders of the Company, and copies of all annual, regular, periodic and special reports and registration statements which the Company may file or be required to file with the SEC under Section 13 or 15(d) of the Securities Exchange Act of 1934, and not otherwise required to be delivered to the Administrative Agent pursuant hereto; (d) promptly following any request therefor, information and documentation reasonably requested by the Administrative Agent or any Lender for purposes of compliance with applicable "know your customer" requirements under the Act, the Beneficial Ownership Regulation or other applicable anti- money laundering laws; and (e) promptly, such additional information regarding the business, financial or corporate affairs of the Company or any Subsidiary, or compliance with the terms of the Loan Documents, as the Administrative Agent or any Lender may from time to time reasonably request. Documents required to be delivered pursuant to Section 6.01(a) or (b) or Section 6.02(c) (to the extent any such documents are included in materials otherwise filed with the SEC) may be delivered electronically and if so delivered, shall be deemed to have been delivered on the date (i) on which the Company posts such documents, or provides a link thereto on the Company's website on the Internet at the website address listed on Schedule 10.02; or (ii) on which such documents are posted on the Company's behalf on an Internet or intranet website, if any, to which each Lender and the Administrative Agent have access (whether a commercial, third-party website or whether sponsored by the Administrative Agent); provided that: (i) the Company shall deliver paper copies of such documents to the Administrative Agent or any Lender upon its request to the Company to deliver such paper copies until a written request to cease delivering paper copies is given by the Administrative Agent or such Lender and (ii) the Company shall notify the Administrative Agent (by telecopier or electronic mail) of the posting of any such documents

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&nbsp;&nbsp;&nbsp;&nbsp;91 207163075_10 and, upon the Administrative Agent's request, provide to the Administrative Agent by electronic mail electronic versions (i.e., soft copies) of such documents. The Administrative Agent shall have no obligation to request the delivery of or to maintain paper copies of the documents referred to above, and in any event shall have no responsibility to monitor compliance by the Company with any such request by a Lender for delivery, and each Lender shall be solely responsible for requesting delivery to it or maintaining its copies of such documents. Each Borrower hereby acknowledges that (a) the Administrative Agent and/or the Arrangers may, but shall not be obligated to, make available to the Lenders and the L/C Issuer materials and/or information provided by or on behalf of the Borrowers hereunder (collectively, "Borrower Materials") by posting the Borrower Materials on IntraLinks, Syndtrak or another similar electronic transmission system (the "Platform") and (b) certain of the Lenders (each, a "Public Lender") may have personnel who do not wish to receive material non-public information with respect to the Borrowers or their Affiliates, or the respective securities of any of the foregoing, and who may be engaged in investment and other market-related activities with respect to such Persons' securities. Each Borrower hereby agrees that so long as any Borrower is the issuer of any outstanding debt or equity securities that are registered or issued pursuant to a private offering or is actively contemplating issuing any such securities (w) all Borrower Materials that are to be made available to Public Lenders shall be clearly and conspicuously marked "PUBLIC" which, at a minimum, shall mean that the word "PUBLIC" shall appear prominently on the first page thereof; (x) by marking Borrower Materials "PUBLIC," such Borrower shall be deemed to have authorized the Administrative Agent, the Arrangers, the L/C Issuer and the Lenders to treat such Borrower Materials as not containing any material non-public information with respect to any Borrower or its securities for purposes of United States Federal and state securities laws (provided, however, that to the extent such Borrower Materials constitute Information, they shall be treated as set forth in Section 10.07); (y) all Borrower Materials marked "PUBLIC" are permitted to be made available through a portion of the Platform designated "Public Side Information;" and (z) the Administrative Agent and the Arrangers shall be entitled to treat any Borrower Materials that are not marked "PUBLIC" as being suitable only for posting on a portion of the Platform not designated "Public Side Information." 6.03 Notices. Promptly notify the Administrative Agent: (a) of the occurrence of any Default or Event of Default; (b) of any matter that has resulted or could reasonably be expected to result in a Material Adverse Effect, including (i) breach or non-performance of, or any default under, a Contractual Obligation of any Borrower or any Subsidiary; (ii) any dispute, litigation, investigation, proceeding or suspension between any Borrower or any Subsidiary and any Governmental Authority; (iii) the commencement of, or any material development in, any litigation or proceeding affecting any Borrower or any Subsidiary, including pursuant to any applicable Environmental Laws; or (iv) any labor controversy resulting in or reasonably expected to result in, any strike, work stoppage, boycott, shutdown or other labor disruption against or involving any Borrower or any Subsidiary that would materially impact the operations of any Borrower or any Subsidiary; (c) of the occurrence of any ERISA Event that has resulted or could reasonably be expected to result in a Material Adverse Effect; (d) of any material change in accounting policies or financial reporting practices by any Borrower or any Subsidiary, including any determination by any Borrower referred to in Section 2.10; 92 207163075_10 (e) if applicable, upon the request from time to time of the Administrative Agent, of the Swap Termination Values, together with a description of the method by which such values were determined, relating to any Swap Contracts then outstanding to which any Borrower or any of its Subsidiaries is a party; (f) upon, but in no event later than ten days after, receiving written notice of (i) any and all enforcement, cleanup, removal or other governmental or regulatory actions involving a potential liability that has had or could be reasonably expected to have, either individually or in the aggregate, a Material Adverse Effect, instituted, completed or threatened against any Borrower or any Subsidiary or any of their properties pursuant to any applicable Environmental Laws, (ii) all other Environmental Claims involving any Borrower or a Subsidiary with a potential liability that has had or could be reasonably expected to have, either individually or in the aggregate, a Material Adverse Effect, and (iii) any environmental or similar condition on any real property adjoining or in the vicinity of the property of any Borrower or any Subsidiary that could reasonably be anticipated to cause such property or any part thereof to be subject to any restrictions on the ownership, occupancy, transferability or use of such property under any Environmental Laws and involving a potential liability that has had or could be reasonably expected to have, either individually or in the aggregate, a Material Adverse Effect; and (g) of any change in the information provided in the Beneficial Ownership Certification that would result in a change to the list of beneficial owners identified in such certification. Each notice pursuant to this Section 6.03 shall be accompanied by a statement of a Responsible Officer of the Company setting forth details of the occurrence referred to therein and stating what action, if any, the Borrowers have taken and propose to take with respect thereto. Each notice pursuant to Section 6.03(a) shall describe with particularity any and all provisions of this Agreement and any other Loan Document that have been breached. 6.04 Payment of Obligations. Pay and discharge as the same shall become due and payable (a) all material Federal and state tax liabilities, assessments and governmental charges or levies upon it or its properties or assets, unless the same are being contested in good faith by appropriate proceedings and adequate reserves in accordance with GAAP are being maintained by the Company or such Subsidiary; (b) all lawful claims which, if unpaid, would by law become a Lien (other than a Permitted Lien) upon its property; and (c) all Indebtedness (other than Indebtedness the non-payment of which would not violate Section 8.01(e)), as and when due and payable, but subject to any subordination provisions contained in any instrument or agreement evidencing such Indebtedness, in the case of each of clauses (a), (b) and (c) where the failure to pay or discharge could reasonably be expected to have a Material Adverse Effect. 6.05 Preservation of Existence, Etc. (a) Preserve, renew and maintain in full force and effect its legal existence and good standing under the Laws of the jurisdiction of its organization except in a transaction permitted by Section 7.04 or 7.05, except to the extent a failure by a Subsidiary that is not a Loan Party to maintain good standing could not reasonably be expected to have a Material Adverse Effect; (b) maintain all rights, privileges, permits, licenses and franchises necessary or desirable in the normal conduct of its business, except to the extent that failure to do so could not reasonably be expected to have a Material Adverse Effect; and (c) preserve or renew all of its registered patents, copyrights, trademarks, trade names and service marks, the non-preservation of which could reasonably be expected to have a Material Adverse Effect. 6.06 Maintenance of Properties. (a) Maintain, preserve and protect all of its material properties and equipment necessary in the operation of its business in good working order and condition, ordinary wear and tear excepted except where the failure by a Subsidiary that is not a Loan Party to do so could not reasonably be expected to have a Material Adverse Effect; and (b) make all necessary repairs 93 207163075_10 thereto and renewals and replacements thereof except where the failure to do so could not reasonably be expected to have a Material Adverse Effect. 6.07 Maintenance of Insurance. Maintain with financially sound and reputable insurance companies not Affiliates of any Borrower, insurance with respect to its properties and business against loss or damage of the kinds customarily insured against by Persons engaged in the same or similar business, of such types and in such amounts (after giving effect to any self-insurance reasonable and customary for similarly situated Persons engaged in the same or similar business as the Company and its Subsidiaries) as are customarily carried under similar circumstances by such other Persons and deliver to the Administrative Agent evidence of such compliance (or, evidence that compliance is not required) in form and substance reasonably acceptable to the Administrative Agent. 6.08 Compliance with Laws. Comply in all material respects with the requirements of all Laws and all orders, writs, injunctions and decrees applicable to it or to its business or property, except in such instances in which (a) such requirement of Law or order, writ, injunction or decree is being contested in good faith or a bona fide dispute exists with respect thereto; or (b) the failure to comply therewith could not reasonably be expected to have a Material Adverse Effect. 6.09 Books and Records. (a) Maintain (i) proper financial records in conformity with GAAP and presented fairly in all material respects, and (ii) properly, all other books and records, in which full, true and correct in all material respects entries in conformity with GAAP consistently applied shall be made of all transactions and matters involving the assets and business of the Company or such Subsidiary, as the case may be; and (b) Maintain all books of record and accounts in material conformity with all applicable requirements of any Governmental Authority having regulatory jurisdiction over the Company or such Subsidiary, as the case may be. 6.10 Inspection Rights. Permit representatives and independent contractors of the Administrative Agent to visit and inspect any of its properties, to examine its corporate, financial and operating records, and make copies thereof or abstracts therefrom, and to discuss its affairs, finances and accounts with its directors, officers, and independent public accountants, all at the expense of the Borrowers and at such reasonable times during normal business hours and as often as may be reasonably desired, upon reasonable advance notice to the Company and with representatives of the Company afforded reasonable opportunity to be present; provided, however, that (i) the Loan Parties shall not be obligated to reimburse the expenses associated with more than one (1) visit and inspection per calendar year (subject to clause (ii) below) and (ii) when an Event of Default exists the Administrative Agent or any Lender (or any of their respective representatives or independent contractors) may do any of the foregoing at the expense of the Borrowers at any time during normal business hours and without advance notice. 6.11 Environmental Laws. (a) Each Borrower shall, and shall cause each of its Subsidiaries to, conduct its operations and keep and maintain its property in compliance in all material respects with all Environmental Laws, except to the extent that the failure to comply therewith could not reasonably be expected to have a Material Adverse Effect. (b) Upon written request of the Administrative Agent, each Borrower shall submit and cause each of its Subsidiaries to submit, to the Administrative Agent, at the Borrowers' sole cost and expense and at reasonable intervals, a report providing an update of the status of any environmental, health or safety 94 207163075_10 compliance, hazard or liability issue identified in any notice or report required pursuant to Section 6.03(f) and any other environmental, health or safety compliance obligation, remedial obligation or liability, that could, individually or in the aggregate, result in liability in excess of $25,000,000. 6.12 Use of Proceeds. Use the proceeds of the Credit Extensions (a) under the Revolving Credit Facility (i) for working capital, capital expenditures and other general corporate purposes of the Company and its Subsidiaries not in contravention of any Law or of any Loan Document, (ii) to finance, in whole or in part, acquisitions permitted hereunder (including Project Hub City), and (iii) if applicable, to refinance the Indebtedness of the Borrowers under the Existing Credit Agreement and (b) under the Term Facility (i) to finance, in whole or in part, the Project Hub City transactions and for the payment of fees and expenses related thereto and (ii) for working capital, capital expenditures and other general corporate purposes of the Company and its Subsidiaries not in contravention of any Law or of any Loan Document. 6.13 Anti-Corruption Laws. Conduct its businesses in compliance in all material respects with the United States Foreign Corrupt Practices Act of 1977, the UK Bribery Act 2010, and other similar anti- corruption legislation in other jurisdictions, in each case, that is applicable to the Company and its Subsidiaries, and maintain policies and procedures designed to promote and achieve compliance with such laws. 6.14 New Material Subsidiaries; Additional Guarantors; Release of Collateral. (a) On each Guarantor Assessment Date, the Company shall determine whether there exists any new or additional Material Subsidiaries (whether as a result of a Person becoming a Material Subsidiary or being designated as a Material Subsidiary for purposes of satisfying the 80% Threshold; and including, without limitation, upon the formation of any Subsidiary that is a Division Successor), and if so, promptly notify the Administrative Agent of such fact and promptly thereafter (and in any event, with respect to Domestic Subsidiaries, within sixty (60) days, with respect to Foreign Subsidiaries, within seventy-five (75) days, and solely with respect to Section 6.14(a)(iv), within ninety (90) days, or, in any case, such longer period requested by the Company and approved by the Administrative Agent), cause such Person to deliver to the Administrative Agent, as the Administrative Agent shall deem appropriate: (i) a Guaranty Joinder Agreement duly executed by such Subsidiary; (ii) documents of the types referred to in clauses (iv) and (v) of Section 4.01(a) and, if requested by the Administrative Agent, customary opinions of counsel to such Person (which shall cover, among other things, the legality, validity, binding effect and enforceability of the documentation referred to in clause (a)), all in form, content and scope reasonably satisfactory to the Administrative Agent; (iii) a Security Joinder Agreement of such Subsidiary, together with such Uniform Commercial Code financing statements naming such Subsidiary as "Debtor" and naming the Collateral Agent for the benefit of the Secured Parties as "Secured Party," in form, substance and number sufficient in the reasonable opinion of the Collateral Agent and its special counsel to be filed in all Uniform Commercial Code filing offices in all jurisdictions in which filing is necessary or advisable to perfect in favor of the Collateral Agent for the benefit of the Secured Parties the Lien on Collateral conferred under such Security Instrument to the extent such Lien may be perfected by Uniform Commercial Code filing; (iv) if the Subsidiary Securities issued by such Subsidiary that are, or are required to become, Pledged Interests are owned by a Subsidiary who has not then executed and delivered to the Collateral Agent a Pledge Agreement granting a Lien to the Collateral Agent, for the benefit of

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&nbsp;&nbsp;&nbsp;&nbsp;95 207163075_10 the Secured Parties, in such equity interests, a Pledge Joinder Agreement executed by the Subsidiary that directly owns such Subsidiary Securities (or, as to the Pledged Interests issued by any Direct Foreign Subsidiary, in a form acceptable to the Administrative Agent), and if such Subsidiary Securities shall be owned by any Borrower or a Subsidiary who has previously executed a Pledge Agreement, a Pledge Agreement Supplement in the form required by such Pledge Agreement pertaining to such Subsidiary Securities; (v) if the Pledged Interests issued by such Subsidiary constitute securities under Article 8 of the Uniform Commercial Code (1) the certificates representing 100% of such Subsidiary Securities and (2) duly executed, undated stock powers or other appropriate powers of assignment in blank affixed thereto; (vi) Uniform Commercial Code financing statements naming the pledgor as "Debtor" and naming the Collateral Agent for the benefit of the Secured Parties as "Secured Party," in form, substance and number sufficient in the reasonable opinion of the Collateral Agent and its special counsel to be filed in all Uniform Commercial Code filing offices and in all jurisdictions in which filing is necessary or advisable to perfect in favor of the Collateral Agent for the benefit of the Secured Parties the Lien on such Subsidiary Securities; (vii) a supplement to the appropriate schedule attached to the appropriate Security Instruments listing the additional Collateral, certified as true, correct and complete by the Responsible Officer (provided that the failure to deliver such supplement shall not impair the rights conferred under the Security Instruments in after acquired Collateral); and (viii) such other assurances, certificates, documents, consents or opinions as the Administrative Agent or Collateral Agent reasonably may require. Notwithstanding anything to the contrary herein, the Company shall at all times (subject to the 60 or 75 day period noted above or such longer period approved by the Administrative Agent) cause such of its Subsidiaries necessary to meet the 80% Threshold to be Guarantors and to be bound by the terms of a Guaranty. (b) If the Company shall determine on any Guarantor Assessment Date in respect of any Subsidiary that is, at such time, a Guarantor, that such Subsidiary is no longer a Material Subsidiary or is no longer required to be deemed or designated as a Material Subsidiary for purposes of satisfying the 80% Threshold, the Company may deliver to the Administrative Agent a certificate to such effect, certifying also the absence of any Default or Event of Default, whereupon the Administrative Agent, the Collateral Agent and the Lenders shall execute such documents and instruments of release as shall be reasonably satisfactory to the parties, confirming the release of such Subsidiary from the Guaranty and Liens on assets of such Subsidiaries pursuant to the Security Instruments. 6.15 Appraisals. The Administrative Agent and the Lenders may obtain from time to time an appraisal of all or any part of any Collateral, prepared in accordance with written instructions from the Administrative Agent and the Lenders, from a third-party appraiser satisfactory to, and engaged directly by, the Administrative Agent and the Lenders. The cost of any appraisal after the occurrence and during the continuance of a Default shall be borne by the Borrowers and such cost shall be part of the Indebtedness, and constitute an Obligation, hereunder and shall be payable by the Borrowers to the Administrative Agent on demand (which obligation the Borrowers hereby promise to pay); provided that the cost of any appraisal obtained by the Administrative Agent or Lenders at any time other than after the occurrence and during the continuance of a Default shall not constitute an Obligation hereunder and shall not be required to be reimbursed by the Borrowers. 96 207163075_10 6.16 Post-Closing Matters. Execute and deliver the documents, take the actions and complete the tasks set forth on Schedule 6.16, in each case within the applicable corresponding time limits specified on such schedule, unless such time is extended by the Administrative Agent in its sole discretion. ARTICLE VII NEGATIVE COVENANTS So long as any Lender shall have any Commitment hereunder, any Loan or other Obligation hereunder shall remain unpaid or unsatisfied (other than contingent indemnification obligations and other obligations that purport to survive termination of this Agreement), or any Letter of Credit shall remain outstanding (unless Cash Collateralized to the reasonable satisfaction of the Administrative Agent), the Company shall not, nor shall it permit any Subsidiary to, directly or indirectly: 7.01 Liens. Create, incur, assume or suffer to exist any Lien upon any of its property, assets or revenues, whether now owned or hereafter acquired, other than the following: (a) Liens securing (i) the Secured Obligations and (ii) any Incremental Equivalent Debt; (b) Liens existing on the date hereof and listed on Schedule 7.01 and any renewals or extensions thereof; provided that the property covered thereby is not increased (except that assets the purchase or lease of which is financed by a counterparty or its affiliates may be cross-collateralized to secure other assets the purchase or lease of which is financed by the same counterparty or its affiliates) and any renewal or extension of the obligations secured or benefited thereby is permitted by Section 7.03(b); (c) Liens for taxes not yet past due or which are being contested in good faith and by appropriate proceedings, if adequate reserves with respect thereto are maintained on the books of the applicable Person in accordance with GAAP; (d) carriers', landlords', warehousemen's, mechanics', materialmen's, repairmen's or other like Liens arising in the Ordinary Course of Business in respect of the Company and its Subsidiaries, which are not overdue for a period of more than 45 days or which are being contested in good faith and by appropriate proceedings, if adequate reserves with respect thereto are maintained on the books of the applicable Person; (e) pledges or deposits in the Ordinary Course of Business in connection with obligations of the Company or its Subsidiaries arising under workers' compensation, unemployment insurance and other social security legislation, other than any Lien imposed by ERISA; (f) deposits to secure the performance of tenders, bids, trade contracts (other than for borrowed money), leases, statutory obligations, bankers' acceptances, surety and appeal bonds, government contracts, performance bonds and other obligations of a like nature, in each case, incurred by the Company or its Subsidiaries in the Ordinary Course of Business, provided that all such deposits in the aggregate could not reasonably be expected to result in a Material Adverse Effect; (g) easements, rights-of-way, restrictions, municipal and zoning ordinances and other similar encumbrances affecting real property which, in the aggregate, are not substantial in amount, and which do not in any case materially detract from the value of the property subject thereto or materially interfere with the ordinary conduct of the business of the applicable Person; (h) Liens securing or arising from judgments, decrees or attachments in respect of the Company and its Subsidiaries, in circumstances not constituting an Event of Default under Section 8.01(h); 97 207163075_10 (i) (x) Liens securing Indebtedness of the Company or its Subsidiaries permitted under Section 7.03(d), provided that (i) such Liens do not at any time encumber any property other than the property financed by such Indebtedness (and other property financed by the same counterparty or its affiliates), (ii) such Liens attach to the subject property within 30 days after the acquisition thereof and (iii) the Indebtedness secured thereby does not exceed the cost or fair market value as of the time such Indebtedness was incurred, whichever is lower, of the property being acquired on the date of acquisition; and (y) Liens on assets of any Project Debt Entity securing Indebtedness of such entity permitted under Section 7.03(m); (j) Liens in favor of customs and revenue authorities arising as a matter of law to secure payment of customs duties in connection with the importation of goods by the Company or its Subsidiaries; (k) Liens securing reimbursement obligations of the Company or its Subsidiaries with respect to commercial letters of credit obtained in the Ordinary Course of Business and not prohibited hereby, provided that such Liens shall attach only to documents or other property relating to such letters of credit and products and proceeds thereof; (l) Liens arising solely by virtue of any statutory or common law provision relating to banker's liens, rights of set-off or similar rights and remedies as to deposit accounts or other funds maintained with a creditor depository institution, provided that (i) such deposit account is not a dedicated cash collateral account and is not subject to restrictions against access by any Borrower in excess of those set forth by regulations promulgated by the FRB, and (ii) such deposit account is not intended by any Borrower or any Subsidiary to provide collateral to the depository institution; (m) Liens on insurance policies and proceeds securing the payment of financed insurance premiums not in excess of, at any time, the greater of (i) $50,000,000 and (ii) 10% of Consolidated EBITDA for the four consecutive fiscal quarter period most recently ended as of such date of determination for which financial statements have been delivered; (n) Liens not otherwise permitted hereunder (other than Subsidiary Securities or the proceeds thereof) securing obligations not in excess of the greater of (i) $75,000,000 and (ii) 15% of Consolidated EBITDA for the four consecutive fiscal quarter period most recently ended as of such date of determination for which financial statements have been delivered; (o) leases or subleases granted to others that do not materially interfere with the ordinary course of business of the Company and its Subsidiaries, taken as a whole; (p) Liens of lessors in any property subject to any operating lease, including Liens arising from precautionary UCC financing statements or similar filings made in respect of such leases; (q) Liens on property of a Person (and/or such Person's Subsidiaries) existing at the time such Person is merged into or consolidated with the Company or any Subsidiary or becomes a Subsidiary of the Company; provided that (i) such Liens were not created in contemplation of such merger, consolidation or Investment and do not extend to any assets other than those of the Person merged into or consolidated with the Company or such Subsidiary or acquired by the Company or such Subsidiary (and/or such Person's Subsidiaries), and (ii) the applicable Indebtedness secured by such Lien is permitted under Section 7.03(h); (r) Liens arising out of conditional sale, title retention, consignment or similar arrangements for the sale of goods entered into by the Company or any of its Subsidiaries in the ordinary course of business; 98 207163075_10 (s) any encumbrance or restriction (including put and call arrangements) with respect to capital stock of any Joint Venture or similar arrangement pursuant to any joint venture or similar agreement; provided that such encumbrance or restriction does not prohibit the granting of a Lien by a Loan Party on any Collateral and any entity formed as part of such Joint Venture remains subject to the provisions of this Agreement to the extent provided herein; (t) Liens on the assets and capital stock or other equity interests of Foreign Subsidiaries not constituting Collateral securing Indebtedness permitted under Section 7.03(j); (u) Liens solely on cash earnest money deposits made in connection with any letter of intent or purchase agreement in connection with an Investment permitted hereunder; (v) Liens, if any, in favor of a surety granted by the Company and/or its Subsidiaries arising by operation of law or under any indemnity agreement or surety agreement entered into in the Ordinary Course of Business in connection with construction-related performance bonds, provided that such Lien does not at any time encumber any property other than the accounts receivable, material, equipment and other customary assets under the applicable bonded contractual obligation required in the ordinary course of business; (w) customary Liens granted in favor of a trustee to secure fees and other amounts owing to such trustee under an indenture or other agreement; (x) Liens on Collateral securing up to the greater of (i) $100,000,000 and (ii) 20% of Consolidated EBITDA for the four consecutive fiscal quarter period most recently ended as of such date of determination for which financial statements have been delivered of the face amount (as determined in accordance with Section 1.09) of standby letters of credit (performance and financial) and/or trade or commercial letters of credit issued by Lenders or their Affiliates outside of this Agreement (and not as an L/C Issuer hereunder) to the extent such Liens arise under the Security Instruments; (y) Liens arising from Dispositions permitted under Section 7.05(f) and (g); (z) Liens on accounts receivable and related assets arising in connection with any Permitted Receivables Financing; (aa) Liens arising from Indebtedness permitted under Section 7.03(p); and (bb) Liens representing eligible collateral posted by any Borrower or any Subsidiary with respect to Indebtedness permitted under Section 7.03(c). 7.02 Investments. Make any Investments, except: (a) Investments, other than those permitted by subsections (b) through (n), that are existing on the date hereof and listed on Schedule 7.02(a); (b) Investments held by the Company or any of its Subsidiaries (i) in the form of cash and cash equivalents, and (ii) Investments permitted under the Company's investment policy attached hereto as Schedule 7.02(b) (as may be modified from time to time as long as there are no material changes), other than Investments of any type requiring any special or further approval under such policy; (c) Investments consisting of (i) equity investments or extensions of credit by the Company to any of its wholly-owned Subsidiaries, or by any of its wholly-owned Subsidiaries to the Company or to

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&nbsp;&nbsp;&nbsp;&nbsp;99 207163075_10 another of its wholly-owned Subsidiaries, so long as such extensions of credit are, in each case, at the request of the Administrative Agent, represented by a written promissory note and pledged to the Administrative Agent pursuant to the Security Instruments and (ii) equity investments and extensions of credit at any time outstanding in non-wholly-owned Subsidiaries in an amount not to exceed the greater of (x) $30,000,000 and (y) 6% of Consolidated EBITDA for the four consecutive fiscal quarter period most recently ended as of such date of determination for which financial statements have been delivered; (d) Investments consisting of extensions of credit in the nature of accounts receivable or notes receivable arising from the sale or lease of goods or services in the Ordinary Course of Business, and Investments received in satisfaction or partial satisfaction thereof from financially troubled account debtors to the extent reasonably necessary in order to prevent or limit loss; (e) Guarantee Obligations permitted by Section 7.03; (f) Investments resulting by virtue of transactions otherwise permitted by Section 7.07; (g) (x) Investments (including Construction JV Investments) by any GLC Venture, or any Subsidiary thereof, that are existing on the date hereof and listed on Schedule 7.02(g) ("Existing Investments"); and (y) any additional Investments in such Existing Investments and any other Investments in one or more other Subsidiaries of the Company in the business of land or real estate development, in the case of this clause (g)(y), in an aggregate amount not to exceed for all such additional Investments the greater of (i) $125,000,000 and (ii) 25% of Consolidated EBITDA for the four consecutive fiscal quarter period most recently ended as of such date of determination for which financial statements have been delivered; (h) Investments of a Person or any of its Subsidiaries existing at the time such Person becomes a Subsidiary of the Company or at the time such Person merges or consolidates with the Company or any of its Subsidiaries, in either case, in compliance with this Agreement; provided that such Investments were not made by such Person in connection with, or in anticipation or contemplation of, such Person becoming a Subsidiary of the Company or such merger or consolidation; (i) Investments deemed to arise under Swap Contracts permitted hereunder; (j) Guarantee Obligations permitted under Section 7.03; (k) Construction JV Investments occurring after the date hereof arising in the Ordinary Course of Business and the purchase or other acquisition of all of the equity, common stock in, or all or substantially all of the property of, any Person (or division or other business unit of such Person) that, upon the consummation thereof, will be wholly-owned directly by the Company or one or more of its wholly-owned Subsidiaries (including as a result of a merger or consolidation); provided that, with respect to each Construction JV Investment, purchase or other acquisition made pursuant to this Section 7.02(k): (i) in the case of a purchase or other acquisition, the lines of business of the Person to be (or the property of which is to be) so purchased or otherwise acquired shall be similar, complementary, or ancillary to (or a related line of) the lines of business as one or more of the principal businesses of the Company and its Subsidiaries engaged in currently or subsequently in the Ordinary Course of Businesses; (ii) in the case of the purchase or other acquisition of common stock of or other equity in another Person, the board of directors (or other comparable governing body) of such other Person shall have duly approved such purchase or acquisition; and 100 207163075_10 (iii) immediately before and immediately after giving effect to any such Construction JV Investment, purchase or other acquisition, (A) no Default shall have occurred and be continuing (provided that in the case of an acquisition that is a Limited Condition Acquisition for which an LCA Election is made, the condition in this clause (iii)(A) may be satisfied as of the date of entering into of the definitive agreement for such Limited Condition Acquisition, and on the date of consummation thereof no Specified Default shall exist and be continuing or occur as a result thereof) and (B) the Consolidated Leverage Ratio shall be less than or equal to (x) 3.50 to 1.00 for any such Construction JV Investment (other than a permitted purchase or acquisition), or (y) the maximum Consolidated Leverage Ratio permitted under Section 7.12(b) for any such permitted purchase or acquisition (other than a Construction JV Investment), such calculation to be determined on the basis of the financial information most recently delivered to the Administrative Agent pursuant to Section 6.01(a) or (b) (together with such pro forma expense adjustments as are reasonably supportable by the Company) as though such acquisition had been consummated as of the first day of the four consecutive fiscal-quarter period covered thereby (provided that in the case of an acquisition that is a Limited Condition Acquisition for which an LCA Election is made, the condition in this clause (iii)(B)(y) may be satisfied as of the date of entering into of the definitive agreement for such Limited Condition Acquisition (and in such case, Section 1.12(a) shall then apply)); (l) to the extent constituting Investments, Indebtedness otherwise permitted under Section 7.03; (m) to the extent constituting Investments, Contingent Acquisition Obligations in respect of any Acquisition, Investment or Disposition otherwise permitted hereunder; (n) Investments consisting of the purchase by the Company of any Permitted Call Spread Transaction and the performance of its obligations thereunder; (o) Investments not otherwise permitted under clauses (a) through (n) above provided that immediately after giving pro forma effect to such Investment, the Consolidated Leverage Ratio shall be at least 0.25x under the maximum Consolidated Leverage Ratio permitted under Section 7.12(b) determined on the basis of the financial information most recently delivered to the Administrative Agent pursuant to Section 6.01(a) or (b); (p) Investments arising out of the receipt of non-cash consideration for the disposition of assets permitted under Section 7.05; and (q) Investments not otherwise permitted under clauses (a) through (p) above in an aggregate amount not to exceed for all such Investments the greater of (i) $100,000,000 and (ii) 20% of Consolidated EBITDA for the four consecutive fiscal quarter period most recently ended as of such date of determination for which financial statements have been delivered. 7.03 Indebtedness. Create, incur, assume or suffer to exist any Indebtedness, except: (a) Indebtedness (i) under the Loan Documents or (ii) in respect of Incremental Equivalent Debt; (b) Indebtedness of the Company and its Subsidiaries outstanding on the date hereof and listed on Schedule 7.03 and any refinancings, refundings, renewals or extensions thereof, provided that the amount of such Indebtedness is not increased at the time of such refinancing, refunding, renewal or extension except by an amount equal to a reasonable premium or other reasonable amount paid, and fees 101 207163075_10 and expenses reasonably incurred, in connection with such refinancing and by an amount equal to any existing commitments unutilized thereunder; (c) obligations (contingent or otherwise) of any Borrower or any Subsidiary existing or arising under any Swap Contract entered into by such Person (or in respect of any Guarantee Obligation of any such Person to the extent supporting obligations arising under Swap Contracts to which any Borrower or any Subsidiary is party), provided that, except in the case of any Permitted Call Spread Transaction or accelerated share repurchase transaction for the purpose of purchasing equity interests of the Company, (i) such Swap Contract obligations are (or were) entered into by such Person in the Ordinary Course of Business for the purpose of directly mitigating risks associated with liabilities, commitments, investments, assets, or property held or reasonably anticipated by such Person, or changes in the value of securities issued by such Person and not for purposes of speculation or taking a "market view;" and (ii) such Swap Contract does not contain any provision exonerating the non-defaulting party from its obligation to make payments on outstanding transactions to the defaulting party; (d) Indebtedness in respect of capital leases, Synthetic Lease Obligations, sale-leaseback transactions and purchase money Indebtedness for fixed or capital assets acquired by any Borrower or any Subsidiary; provided that the aggregate principal amount of (i) all purchase money Indebtedness for fixed or capital assets that may be incurred by the Company or any of its then-existing Subsidiaries in any fiscal year of the Company shall not exceed the greater of (x) $100,000,000 and (y) 20% of Consolidated EBITDA for the four consecutive fiscal quarter period most recently ended as of such date of determination for which financial statements have been delivered; (ii) all Indebtedness in respect of capital leases, Synthetic Lease Obligations and sale-leaseback transactions to finance the acquisition of fixed or capital assets incurred by the Company or any of its Subsidiaries in any fiscal year of the Company shall not exceed the greater of (x) $100,000,000 and (y) 20% of Consolidated EBITDA for the four consecutive fiscal quarter period most recently ended as of such date of determination for which financial statements have been delivered; and (iii) all Indebtedness in respect of capital leases, Synthetic Lease Obligations, sale-leaseback transactions and purchase money Indebtedness for fixed or capital assets of Persons immediately prior to such Persons becoming Subsidiaries or being merged with or into (or otherwise becoming acquired by) the Company or any of its Subsidiaries following the Closing Date shall not exceed the greater of (x) $100,000,000 and (y) 20% of Consolidated EBITDA for the four consecutive fiscal quarter period most recently ended as of such date of determination for which financial statements have been delivered; provided that none of such Indebtedness was incurred in anticipation of any such merger or acquisition; (e) Indebtedness arising as a consequence of Investments permitted pursuant to Section 7.02(c); (f) Indebtedness in respect of (i) letters of credit (other than Letters of Credit) issued solely for the account and benefit of any Borrower or any Subsidiary in the Ordinary Course of Business in an aggregate outstanding amount not to exceed at any time the greater of (i) $100,000,000 and (ii) 20% of Consolidated EBITDA for the four consecutive fiscal quarter period most recently ended as of such date of determination for which financial statements have been delivered; and (ii) the obligation of a subcontractor of any Borrower or its Subsidiaries on a construction project, provided that such Borrower or such Subsidiary determines in good faith that such financial arrangement best serves such Borrower's or such Subsidiary's financial interests; (g) Indebtedness incurred in the Ordinary Course of Business in connection with (i) securing the performance of bids, trade contracts (other than for borrowed money), and statutory obligations, in each case, solely for the account and benefit of any Borrower, its Subsidiaries, any GLC Venture or Construction JV, (ii) obligations on surety and appeal bonds solely for the account and benefit of any Borrower, its Subsidiaries, any GLC Venture or Construction JV (other than in relation to borrowed money debt), and 102 207163075_10 (iii) other obligations of a like nature incurred in the Ordinary Course of Business solely for the account and benefit of any Borrower, its Subsidiaries, any GLC Venture or Construction JV (other than in relation to borrowed money debt), in each of the foregoing cases to the extent not otherwise prohibited by the terms of any Loan Document; (h) Indebtedness of a Loan Party comprised solely of (i) the outstanding principal amount of unsecured obligations, whether current or long-term, for borrowed money and all obligations evidenced by bonds (other than performance, surety and appeal bonds), debentures, notes, loan agreements or other similar instruments, (ii) Attributable Indebtedness in respect of capital leases and Synthetic Lease Obligations, (iii) Contingent Acquisition Obligations in respect of any Acquisition or Investment otherwise permitted hereunder, or (iv) without duplication, Guarantee Obligations with respect to Indebtedness of the types specified in the immediately preceding clauses (i) and (iii); provided that, (x) the aggregate principal amount of outstanding Indebtedness of the types permitted by the immediately preceding clauses (i) through (iv) that is subject to amortization or payment at maturity prior to the Maturity Date shall not exceed the greater of (1) $150,000,000 and (2) 30% of Consolidated EBITDA for the four consecutive fiscal quarter period most recently ended as of such date of determination for which financial statements have been delivered (other than with respect to any Permitted Bridge Indebtedness to which, at the option of the Company, this clause (x) shall not apply); and (y) no such Indebtedness shall be permitted under this clause (h) if such Indebtedness represents Indebtedness of any co-joint venturer in any Joint Venture, to which the Company or any Subsidiary is a party, that is assumed by the Company or any Subsidiary, if such Indebtedness was not originally incurred by such co-joint venturer in connection with (and relate solely to) the subject Joint Venture; (i) Guarantee Obligations of a Loan Party in respect of Indebtedness otherwise permitted hereunder of the Company or any other Loan Party; (j) Indebtedness (which may be secured or unsecured) of any Subsidiaries not otherwise permitted under this Section 7.03; provided that the aggregate amount of all such outstanding Indebtedness shall not exceed the greater of (i) $100,000,000 and (ii) 20% of Consolidated EBITDA for the four consecutive fiscal quarter period most recently ended as of such date of determination for which financial statements have been delivered; (k) Indebtedness arising from the honoring by a bank or other financial institution of a check, draft or similar instrument inadvertently drawn against insufficient funds in the ordinary course of business; provided, however, that such Indebtedness is extinguished within five Business Days of incurrence; (l) customer deposits and advance payments received in the ordinary course of business; (m) (i) Project Debt outstanding on the Closing Date as set forth on Schedule 7.03(m)(i), and (ii) in addition thereto, an additional amount of Project Debt not to exceed $10,000,000 at any time outstanding; (n) any Permitted Convertible Indebtedness outstanding on the Closing Date, and any refinancings, refundings, renewals or extensions thereof, provided that the amount of such Permitted Convertible Indebtedness is not increased at the time of such refinancing, refunding, renewal or extension except by an amount equal to a reasonable premium or other reasonable amount paid, and fees and expenses reasonably incurred, in connection with such refinancing and by an amount equal to any existing commitments unutilized thereunder;

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&nbsp;&nbsp;&nbsp;&nbsp;103 207163075_10 (o) to the extent constituting Indebtedness, obligations under any Permitted Receivable Financing (solely to the extent such Permitted Receivables Financings are intended to be "true sales" but include precautionary financing provisions); (p) Indebtedness incurred in an Acquisition permitted to be consummated pursuant to Section 7.02(k); provided that (i) such Indebtedness exists at the time of such acquisition and is not created in contemplation of or in connection with such acquisition and (ii) the aggregate principal amount of Indebtedness permitted by this clause (p) shall not exceed the greater of (x) $100,000,000 and (y) 20% of Consolidated EBITDA for the four consecutive fiscal quarter period most recently ended as of such date of determination for which financial statements have been delivered; and (q) other unsecured Indebtedness incurred by the Borrowers or any other Subsidiary; provided that in the case of the incurrence of such unsecured Indebtedness (i) no Event of Default shall have occurred and be continuing at the time of the incurrence of such unsecured Indebtedness,(ii) such unsecured Indebtedness shall have a final maturity date that shall not be prior to the date that is six (6) months after that applicable to any Indebtedness under this Agreement and such unsecured Indebtedness shall have a Weighted Average Life to Maturity that shall not be shorter than that applicable to any Indebtedness under this Agreement, (iii) the terms and conditions of such unsecured Indebtedness (other than pricing) shall be no more restrictive in any material respect on the Company and its Subsidiaries than the Indebtedness under this Agreement and (iv) the Administrative Agent shall have received satisfactory written evidence that the Company and its Subsidiaries would be in compliance with the financial covenants set forth in Section 7.12 on a pro forma basis after giving effect to the issuance of any such unsecured Indebtedness (but without netting proceeds from any such unsecured Indebtedness). 7.04 Fundamental Changes. Merge, consolidate with or into, or convey, transfer, lease or otherwise Dispose of (whether in one transaction or in a series of transactions) all or substantially all of its assets (whether now owned or hereafter acquired) to or in favor of any Person (including, in each case, pursuant to a Division) other than Dispositions permitted under Section 7.05 and, so long as no Default or Event of Default exists at the time or would occur as a result thereof: (a) any Subsidiary may merge with (i) a Borrower, provided that a Borrower shall be the continuing or surviving Person, (ii) any one or more Subsidiaries, provided that, when any wholly-owned Subsidiary is merging with another Subsidiary, the continuing or surviving Person shall be a wholly-owned Subsidiary, or (iii) any other Person, provided that such Subsidiary shall be the continuing or surviving Person or immediately upon such merger, consolidation or combination, the continuing or surviving Person shall be a wholly-owned Subsidiary; (b) any Subsidiary may sell all or substantially all of its assets (upon voluntary liquidation or otherwise), to a Borrower or to another Subsidiary; provided that if the seller in such a transaction is a wholly-owned Subsidiary, then the purchaser must either be a Borrower or a wholly-owned Subsidiary; and (c) any Borrower may merge, consolidate or combine with any entity if a Borrower is the continuing or surviving Person (and, if the Company is a party to such merger, the Company is the surviving Person or the continuing or surviving Person assumes the duties and obligations of the Company hereunder and under the other Loan Documents). 7.05 Dispositions. Make any Disposition or enter into any agreement to make any Disposition, except: (a) Dispositions of obsolete, unneeded, unproductive or worn out property, whether now owned or hereafter acquired, in the Ordinary Course of Business to Persons; 104 207163075_10 (b) Dispositions of inventory and leases of property, in each case in the Ordinary Course of Business; (c) Dispositions of equipment or real property to the extent that (i) such property is exchanged for credit against the purchase price of similar replacement property for use in the Ordinary Course of Business, (ii) the proceeds of such Disposition are reasonably promptly applied to the purchase price of such replacement property for use in the Ordinary Course of Business or (iii) the board of directors or senior management of the Company or such Subsidiary has determined in good faith that the failure to replace such property will not be detrimental to the business of the Company or such Subsidiary; (d) Dispositions of property by any Subsidiary to the Company or to a wholly-owned Subsidiary of the Company; (e) Dispositions comprising transactions expressly permitted by Section 7.04(a) through (c); (f) non-exclusive licenses or sublicenses of IP Rights in the Ordinary Course of Business and leases and subleases granted to others that do not materially interfere with the Ordinary Course of Business of the Company and its Subsidiaries; (g) the sale, without recourse and in the Ordinary Course of Business, of accounts receivable due from Federal, state or other Governmental Authority arising in the Ordinary Course of Business (and not as part of any bulk sale or financing of receivables) in an amount not to exceed (i) $50,000,000 in any fiscal year or (ii) in the aggregate after the date of this Agreement, the greater of (x) $100,000,000 and (y) 20% of Consolidated EBITDA for the four consecutive fiscal quarter period most recently ended as of such date of determination for which financial statements have been delivered; (h) Dispositions of non-core assets acquired in a permitted Acquisition by the Company or any of its Subsidiaries within 12 months of such Acquisition; (i) Dispositions of property constituting (i) the making of Investments permitted under Section 7.02, (ii) Indebtedness permitted under Section 7.03 and/or (iii) the making of Restricted Payments permitted by Section 7.07; (j) the Disposition of equity interests in, or assets of, any GLC Venture or any Project Debt Entity; (k) Dispositions or intended Dispositions of assets or businesses publicly announced by the Company prior to the Closing Date; (l) Dispositions of accounts receivable and related assets to one or more investors or other purchasers entered into on customary terms and conditions at the time, which is intended to be a true sale transaction and is non-recourse (except for representations, warranties, covenants, indemnities, repurchase obligations and guaranties, in each case, that are reasonably customary in connection with such a facility); provided, that (i) the aggregate outstanding investment or balance of the investors or purchasers in such transactions shall not in the aggregate exceed the greater of (x) $75,000,000 and (y) 15% of Consolidated EBITDA for the four consecutive fiscal quarter period most recently ended as of such date of determination for which financial statements have been delivered and (ii) any Liens arising under such transaction shall not at any time encumber any property other than the identified accounts receivable and related assets sold pursuant to such transaction (a "Permitted Receivables Financing"); and 105 207163075_10 (m) Dispositions after the date of this Agreement not otherwise permitted under clauses (a) through (l) above in an aggregate amount not to exceed 10% of the consolidated total assets of the Company and its Subsidiaries as of the date of such Disposition, determined in accordance with GAAP; provided that any Disposition pursuant to subsections (a) through (l) of this Section 7.05 shall be for fair market value. 7.06 Sanctions. Directly or, to the Company's knowledge, indirectly use the proceeds of any Credit Extension, or lend, contribute or otherwise make available such proceeds to any Person, to fund any activities of or business with any Person, or in any Designated Jurisdiction, that, at the time of such funding, is the subject of Sanctions. 7.07 Restricted Payments. Declare or make, directly or indirectly, any Restricted Payment (including, but not limited to, dividends, redemptions and repurchases of common stock), or incur any obligation (contingent or otherwise) to do so, except that: (a) each Subsidiary may make Restricted Payments to the Company and to wholly-owned Subsidiaries (and, in the case of a Restricted Payment by a non-wholly-owned Subsidiary, to the Company and any Subsidiary and to each other owner of capital stock of such Subsidiary on a pro rata basis based on their relative ownership interests); (b) the Company and each Subsidiary may declare and make dividend payments or other distributions payable solely in the common stock or other common equity interests of such Person; (c) so long as no Default or Event of Default exists or would result by virtue thereof, the Company and each Subsidiary may purchase, redeem or otherwise acquire shares of its common stock or warrants or options to acquire any such shares with the proceeds received from the substantially concurrent issue of new shares of its common stock; (d) so long as no Default or Event of Default exists or would result by virtue thereof, the Company may purchase, redeem or otherwise acquire shares of common stock for cash in order to contribute such shares to the Company's employee stock ownership plan, provided the aggregate amount paid by the Company in connection with such transactions does not exceed in any fiscal year an amount equal to 15% of plan compensation (as such term is interpreted for purposes of Section 401(a)(17) of the Code) paid by the Company in such fiscal year, and such shares are promptly so contributed; (e) so long as no Default or Event of Default exists or would result by virtue thereof, the Company may purchase, redeem or otherwise acquire shares of its capital stock, or warrants, rights or options to acquire any such shares for cash (i) if immediately before and immediately after giving pro forma effect to such purchase, redemption or acquisition, the Consolidated Leverage Ratio is greater than 2.75 to 1.00, in an aggregate amount not to exceed on a cumulative basis during the term of this Agreement the greater of (x) $125,000,000 and (y) 25% of Consolidated EBITDA for the four consecutive fiscal quarter period most recently ended as of such date of determination for which financial statements have been delivered, and (ii) if immediately before and immediately after giving pro forma effect to such purchase, redemption or acquisition, the Consolidated Leverage Ratio is less than or equal to 2.75 to 1.00, in an unlimited amount; (f) the Company may make Restricted Payments to pay for the repurchase, retirement or other acquisition or retirement for value of the capital stock or other equity interests of the Company held by any future, present or former director, officer, employee, member of management or consultant of the Company or any of its Subsidiaries and their respective estates, heirs, family members, spouses, former spouses, 106 207163075_10 domestic partners and former domestic partners, and any tax related thereto, in each case, to the extent required or permitted under any equity compensation plan; provided that the amount of Restricted Payments made in cash pursuant to this clause (f) plus Restricted Payments made in cash pursuant to Section 7.07(g) and Section 7.07(h) shall not exceed, in the aggregate in any fiscal year, the greater of (x) $30,000,000 and (y) 6% of Consolidated EBITDA for the four consecutive fiscal quarter period most recently ended as of such date of determination for which financial statements have been delivered, plus, commencing with the fiscal year ending December 31, 2026, 100% of any unused amount from the immediately preceding fiscal year (the "Carry Forward Amount") during any fiscal year; provided that any Carry Forward Amount shall be deemed to be used in such next fiscal year; (g) repurchases of the capital stock or other equity interests deemed to occur upon exercise of stock options or warrants if such capital stock or other equity interests represent a portion of the exercise price of such options or warrants are permitted; provided that the amount of Restricted Payments made in cash pursuant to this clause (g) plus Restricted Payments made in cash pursuant to Section 7.07(f) and Section 7.07(h) shall not exceed, in the aggregate in any fiscal year, the greater of (x) $30,000,000 and (y) 6% of Consolidated EBITDA for the four consecutive fiscal quarter period most recently ended as of such date of determination for which financial statements have been delivered, plus, commencing with the fiscal year ending December 31, 2026, 100% of the Carry Forward Amount during any fiscal year; provided that any Carry Forward Amount shall be deemed to be used in such next fiscal year; (h) the Company may make cash payments in lieu of issuing fractional shares in connection with the exercise of warrants, options or other securities convertible into or exchangeable for the capital stock or other equity interests of the Company; provided that the amount of Restricted Payments made in cash pursuant to this clause (h) plus Restricted Payments made in cash pursuant to Section 7.07(f) and Section 7.07(g) shall not exceed, in the aggregate in any fiscal year, the greater of (x) $30,000,000 and (y) 6% of Consolidated EBITDA for the four consecutive fiscal quarter period most recently ended as of such date of determination for which financial statements have been delivered, plus, commencing with the fiscal year ending December 31, 2026, 100% of the Carry Forward Amount during any fiscal year; provided that any Carry Forward Amount shall be deemed to be used in such next fiscal year; (i) so long as no Default or Event of Default exists or would result by virtue thereof, the Company may declare and make dividend payments in cash; (j) the Company may make any payments of cash or deliveries in shares of Common Stock (or other securities or property following a merger event, reclassification or other change of the Common Stock) (and cash in lieu of fractional shares) with respect to any Permitted Convertible Indebtedness (including, without limitation, making payments of interest, principal or premium thereon; making payments and deliveries upon repurchase, redemption or exchange (whether in or for cash, securities, other property or any combination of the foregoing) thereof; and/or making payments and deliveries upon conversion or settlement thereof); (k) the Company may pay the premium in respect of, make any payments (of cash or deliveries in shares of Common Stock or other securities or property following a merger event, reclassification or other change of the Common Stock and cash in lieu of fractional shares) required by, and otherwise perform its obligations under, any Permitted Call Spread Transaction, including in connection with any settlement, unwind or termination thereof; and (l) the Borrowers may make any other Restricted Payments; provided that (i) at the time when any such Restricted Payment is to be made, no Default or Event of Default exists or would result therefrom and (ii) after giving effect to the making of such Restricted Payment made in reliance on this clause, the Consolidated Leverage Ratio calculated on a pro forma basis does not exceed 2.75 to 1.00, determined as

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&nbsp;&nbsp;&nbsp;&nbsp;107 207163075_10 of the last day of the last fiscal quarter for which the Company has provided financial statements and the corresponding Compliance Certificate to the Administrative Agent and the Lenders as if such Restricted Payment had been paid during such fiscal quarter. 7.08 Change in Nature of Business. (a) Engage in any material line of business substantially different from those lines of business conducted by the Company and its Subsidiaries on the date hereof, and other lines of business reasonably similar, related, or incidental thereto; or (b) except as otherwise permitted under Section 7.04, make any change in the Company's capital structure (including in the terms of its outstanding capital stock) or amend its certificate of incorporation or bylaws, in each case, in a manner that could reasonably be expected to result in a Material Adverse Effect. 7.09 Transactions with Affiliates. Enter into any transaction of any kind with any Affiliate of a Borrower or the Company (other than between or among Loan Parties, in each case to the extent not prohibited under the Loan Documents), whether or not in the Ordinary Course of Business, other than (a) the transactions contemplated by the Loan Documents; (b) payment of customary directors' fees and indemnities (including equity compensation arrangements); (c) transactions that are set forth on Schedule 7.09; (d) transactions with Affiliates upon fair and reasonable terms that are substantially as favorable to such Borrower or Subsidiary than such Borrower or Subsidiary would obtain in a comparable arm's length transaction with a Person that is not an Affiliate of the Company; provided that certain transactions with Affiliates not to exceed an aggregate principal amount of $20,000,000 incurred in any fiscal year period shall be permitted on non-arm's length basis (subject to such transactions being otherwise permitted pursuant to the terms of this Agreement); (e) any employment agreement entered into by the Company or any of its Subsidiaries in the Ordinary Course of Business and consistent with the past practices of the Company and its Subsidiaries; or (f) transactions otherwise explicitly permitted hereunder. 7.10 Burdensome Agreements. (a) Restricted Payment Prohibitions. Enter into, assume or suffer to exist any Contractual Obligation that limits the ability of any Subsidiary to make Restricted Payments to any Borrower or to otherwise transfer property to any Borrower other than (i) provisions contained in the terms of any agreement governing Indebtedness permitted under Section 7.03 and provisions contained in the terms of any agreement governing Liens permitted under Section 7.01 that impose restrictions on the property subject to such Liens; and (ii) agreements restricting assignments, subletting or other transfers contained in leases, licenses, joint venture agreements and similar agreements entered into in the ordinary course of business, in each case relating solely to the assets subject to such lease or license or assets relating solely to such joint venture agreement; or (b) Other Negative Pledges. Enter into, assume or otherwise become subject to any Contractual Obligation (other than this Agreement or any other Loan Document) that directly or indirectly (i) prohibits any Borrower or any of its Subsidiaries from granting any Lien on property or assets of such Persons or (ii) requires the grant of a Lien to secure an obligation of such Person if a Lien is granted to secure another obligation of such Person, provided that the Company and its Subsidiaries may enter into, assume or otherwise become subject to any such Contractual Obligation solely to the extent (A) incurred pursuant to the acquisition by such Persons of businesses, properties or assets of other Persons otherwise permitted hereunder if such restrictions affect only such businesses, assets and property so acquired, and are not entered into in contemplation of such acquisition, or (B) incurred in connection with a transaction 108 207163075_10 creating Liens permitted by Section 7.01(i), provided that such restriction is limited to the assets or properties subject to such Liens. 7.11 Use of Proceeds. Use the proceeds of any Credit Extension, whether directly or indirectly, and whether immediately, incidentally or ultimately, to purchase or carry margin stock (within the meaning of Regulation U of the FRB), to extend credit to others for the purpose of purchasing or carrying margin stock or to refund indebtedness originally incurred for such purpose, or to acquire any security in any transaction that is subject to Section 13 or 14 of the Exchange Act if, following the application of the proceeds of such Credit Extension, more than 25% of the value of the assets (either of a Borrower only or of the Company and its Subsidiaries on a consolidated basis) subject to the provisions of Section 7.01 or Section 7.05 or subject to any restriction contained in any agreement or instrument within the scope of Section 8.01(e) will be margin stock. 7.12 Financial Covenants. (a) Consolidated Interest Coverage Ratio. Permit the Consolidated Interest Coverage Ratio, as of the last day of any fiscal quarter (commencing with the fiscal quarter ended June 30, 2025), to be less than 3.00 to 1.00. (b) Consolidated Leverage Ratio. Permit the Consolidated Leverage Ratio as of the last day of any fiscal quarter (commencing with the fiscal quarter ended June 30, 2025) to be greater than 3.75 to 1.00; provided, however, for each of the four consecutive fiscal quarters ending after any Acquisition permitted hereunder with total cash consideration in excess of $100,000,000 occurs, the Consolidated Leverage Ratio as of the last day of each such fiscal quarter shall not exceed 4.25 to 1.00. 7.13 Anti-Corruption Laws. Directly or indirectly use the proceeds of any Credit Extension for any purpose which would violate the United States Foreign Corrupt Practices Act of 1977, the UK Bribery Act 2010, and other similar anti-corruption legislation in other jurisdictions, in each case, that is applicable to the Company and its Subsidiaries. 7.14 Outbound Investment Rules. (a) Be or become a "covered foreign person", as that term is defined in the Outbound Investment Rules, or (b) engage, directly or indirectly, in (i) a "covered activity" or a "covered transaction", as each such term is defined in the Outbound Investment Rules, (ii) any activity or transaction that would constitute a "covered activity" or a "covered transaction", as each such term is defined in the Outbound Investment Rules, if any Loan Party, as applicable, were a U.S. Entity or (iii) any other activity that would cause the Administrative Agent or any Lender Party to be in violation of the Outbound Investment Rules or cause the Administrative Agent or any Lender Party to be legally prohibited by the Outbound Investment Rules from performing under this Agreement. ARTICLE VIII EVENTS OF DEFAULT AND REMEDIES 8.01 Events of Default. Any of the following shall constitute an event of default (each, an "Event of Default"): (a) Non-Payment. Any Borrower or any other Loan Party fails to pay (i) when and as required to be paid herein, and in the currency required hereunder, any amount of principal of any Loan or any L/C Obligation, or (ii) within three (3) Business Days after the same becomes due, any interest on any Loan or on any L/C Obligation, any commitment fee or other fee due hereunder, or any other amount payable hereunder or under any other Loan Document; or 109 207163075_10 (b) Specific Covenants. Any Borrower fails to perform or observe any term, covenant or agreement contained in any of Section 6.01, 6.02, 6.03, 6.05, 6.10, 6.12, 6.14, 6.16, 7.12 or any other Section of Article VII; or (c) Other Defaults. Any Loan Party fails to perform or observe any other covenant or agreement (not specified in subsection (a) or (b) above) contained in any Loan Document on its part to be performed or observed and such failure continues for 30 days after the earlier of (i) knowledge by any Loan Party or (ii) receipt by the Company of written notice thereof from the Administrative Agent or any Lender; or (d) Representations and Warranties. Any representation or warranty made or deemed made by any Loan Party herein, in any other Loan Document, or in any document delivered in connection herewith or therewith proves to have been incorrect in any material respect when made or deemed made, except to the extent that such representations and warranties are qualified by materiality, in which case such representations and warranties shall be true and correct in all respects; or (e) Cross-Default. (i) Any Borrower or any Material Subsidiary (A) fails to make any payment when due (whether by scheduled maturity, required prepayment, acceleration, demand, or otherwise) in respect of any Indebtedness or Guarantee Obligation (other than Indebtedness hereunder and Indebtedness under Swap Contracts) having an aggregate principal amount (including undrawn committed or available amounts and including amounts owing to all creditors under any combined or syndicated credit arrangement) of more than the Threshold Amount, or (B) fails to observe or perform any other agreement or condition relating to any such Indebtedness or Guarantee Obligation or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event occurs, the effect of which default or other event is to cause, or to permit the holder or holders of such Indebtedness or the beneficiary or beneficiaries of such Guarantee Obligation (or a trustee or agent on behalf of such holder or holders or beneficiary or beneficiaries) to cause, with the giving of notice if required, such Indebtedness to be demanded or to become due or to be repurchased or redeemed (automatically or otherwise) prior to its stated maturity (excluding prepayments required upon the refinancing of such Indebtedness or the Disposition of an asset), or such Guarantee Obligation to become payable or cash collateral in respect thereof to be demanded; or (ii) there occurs under any Swap Contract an Early Termination Date (as defined in such Swap Contract) resulting from (A) any event of default under such Swap Contract as to which any Borrower or any Material Subsidiary is the Defaulting Party (as defined in such Swap Contract) or (B) any Termination Event (as so defined) under such Swap Contract as to which any Borrower or any Material Subsidiary is an Affected Party (as so defined) and, in either event, the Swap Termination Value owed by such Person as a result thereof is greater than the Threshold Amount; provided, that this clause (e) shall not apply to (x) any repurchase, prepayment, defeasance, redemption, conversion or settlement with respect to any Permitted Convertible Indebtedness pursuant to its terms, or any event that permits such repurchase, prepayment, defeasance, redemption, conversion or settlement, unless such repurchase, prepayment, defeasance, redemption, conversion or settlement, or such relevant event, results from a default thereunder or an event of the type that constitutes an Event of Default, or (y) or any early payment requirement or unwinding or termination with respect to any Permitted Call Spread Transaction; or (f) Insolvency Proceedings, Etc. Any Borrower or any of Material Subsidiary institutes or consents to the institution of any proceeding under any Debtor Relief Law, or makes an assignment for the benefit of creditors; or applies for or consents to the appointment of any receiver, trustee, custodian, conservator, liquidator, rehabilitator or similar officer for it or for all or any material part of its property; or any receiver, trustee, custodian, conservator, liquidator, rehabilitator or similar officer is appointed without the application or consent of such Person and the appointment continues undischarged or unstayed for 60 calendar days; or any proceeding under any Debtor Relief Law relating to any such Person or to all or any 110 207163075_10 part of its property is instituted without the consent of such Person and continues undismissed or unstayed for 60 calendar days, or an order for relief is entered in any such proceeding; or (g) Inability to Pay Debts; Attachment. (i) Any Loan Party or any of its Material Subsidiaries becomes unable or admits in writing its inability or fails generally to pay its debts as they become due (other than the failure of any Project Debt Entity to pay any Project Debt), or (ii) any writ or warrant of attachment or execution or similar process is issued or levied against all or any material part of the property of any such Person and is not released, vacated or fully bonded within 30 days after its issue or levy; or (h) Judgments. There is entered against any Loan Party (i) one or more final judgments or orders for the payment of money in an aggregate amount (as to all such judgments or orders) exceeding the Threshold Amount (to the extent not covered by independent third-party insurance as to which the insurer does not dispute coverage), or (ii) any one or more non-monetary final judgments that have, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect and, in either case, (A) enforcement proceedings are commenced by any creditor upon such judgment or order, or (B) there is a period of 30 consecutive days during which a stay of enforcement of such judgment, by reason of a pending appeal or otherwise, is not in effect; or (i) ERISA. There shall occur one or more ERISA Events that individually or in the aggregate result in or would reasonably be expected to result in a Material Adverse Effect; or (j) Invalidity of Loan Documents. Any Loan Document at any time after its execution and delivery and for any reason other than the agreement of all the Lenders, as permitted hereunder or thereunder, or satisfaction in full of all the Obligations (other than contingent indemnification obligations or other obligations that purport to survive termination of this Agreement), (i) ceases to be in full force and effect, or is declared by a court of competent jurisdiction to be null and void, invalid or unenforceable in any respect; (ii) any Loan Party denies that it has any or further liability or obligation under any Loan Document, or purports to revoke, terminate or rescind any Loan Document in writing; or (iii) any Security Instrument after delivery thereof pursuant to Section 4.01 or 6.14 shall for any reason (other than pursuant to the terms thereof) cease to create a valid and perfected first priority Lien (subject to Liens permitted by Section 7.01) on the Collateral purported to be covered thereby; or (k) Change of Control. There occurs any Change of Control. 8.02 Remedies Upon Event of Default. If any Event of Default occurs and is continuing, the Administrative Agent shall, at the request of, or may, with the consent of, the Required Lenders, take any or all of the following actions: (a) upon written notice to the Borrowers, declare the commitment of each Lender to make Loans and any obligation of the L/C Issuer to make L/C Credit Extensions to be terminated, whereupon such commitments and obligation shall be terminated; (b) declare the unpaid principal amount of all outstanding Loans, all interest accrued and unpaid thereon, and all other amounts owing or payable hereunder or under any other Loan Document to be immediately due and payable, without presentment, demand, protest or other notice of any kind, all of which are hereby expressly waived by each Borrower; (c) require that the Borrowers Cash Collateralize the L/C Obligations (in an amount equal to the Minimum Collateral Amount with respect thereto); and

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&nbsp;&nbsp;&nbsp;&nbsp;115 207163075_10 Lenders appoint a successor Administrative Agent as provided for above. Upon the acceptance of a successor's appointment as Administrative Agent hereunder, such successor shall succeed to and become vested with all of the rights, powers, privileges and duties of the retiring (or removed) Administrative Agent (other than as provided in Section 3.01(g) and other than any rights to indemnity payments or other amounts owed to the retiring or removed Administrative Agent as of the Resignation Effective Date or the Removal Effective Date, as applicable), and the retiring or removed Administrative Agent shall be discharged from all of its duties and obligations hereunder or under the other Loan Documents (if not already discharged therefrom as provided above in this Section). The fees payable by the Borrowers to a successor Administrative Agent shall be the same as those payable to its predecessor unless otherwise agreed between the Borrowers and such successor. After the retiring or removed Administrative Agent's resignation or removal hereunder and under the other Loan Documents, the provisions of this Article and Section 10.04 shall continue in effect for the benefit of such retiring or removed Administrative Agent, its sub-agents and their respective Related Parties in respect of any actions taken or omitted to be taken by any of them (i) while the retiring or removed Administrative Agent was acting as Administrative Agent and (ii) after such resignation or removal for as long as any of them continues to act in any capacity hereunder or under the other Loan Documents, including (x) acting as collateral agent or otherwise holding any collateral security on behalf of any of the Lenders and (y) in respect of any actions taken in connection with transferring the agency to any successor Administrative Agent. (d) Any resignation by Bank of America as Administrative Agent pursuant to this Section shall also constitute its resignation as L/C Issuer and Swing Line Lender. If Bank of America resigns as an L/C Issuer, it shall retain all the rights, powers, privileges and duties of the L/C Issuer hereunder with respect to all Letters of Credit outstanding as of the effective date of its resignation as L/C Issuer and all L/C Obligations with respect thereto, including the right to require the Lenders to make Base Rate Loans or fund risk participations in Unreimbursed Amounts pursuant to Section 2.03(c). If Bank of America resigns as Swing Line Lender, it shall retain all the rights of the Swing Line Lender provided for hereunder with respect to Swing Line Loans made by it and outstanding as of the effective date of such resignation, including the right to require the Lenders to make Base Rate Loans or fund risk participations in outstanding Swing Line Loans pursuant to Section 2.04(c). Upon the appointment by the Company of a successor L/C Issuer or Swing Line Lender hereunder (which successor shall in all cases be a Lender other than a Defaulting Lender), (a) such successor shall succeed to and become vested with all of the rights, powers, privileges and duties of the retiring L/C Issuer or Swing Line Lender, as applicable, (b) the retiring L/C Issuer and Swing Line Lender shall be discharged from all of their respective duties and obligations hereunder or under the other Loan Documents, and (c) the successor L/C Issuer shall issue letters of credit in substitution for the Letters of Credit, if any, outstanding at the time of such succession or make other arrangements satisfactory to Bank of America to effectively assume the obligations of Bank of America with respect to such Letters of Credit. 9.07 Non-Reliance on the Administrative Agent, the Arrangers and the Other Lenders. Each Lender and the L/C Issuer expressly acknowledges that none of the Administrative Agent nor any Arranger has made any representation or warranty to it, and that no act by the Administrative Agent or any Arranger hereafter taken, including any consent to, and acceptance of any assignment or review of the affairs of any Loan Party of any Affiliate thereof, shall be deemed to constitute any representation or warranty by the Administrative Agent or any Arranger to any Lender or the L/C Issuer as to any matter, including whether the Administrative Agent or any Arranger have disclosed material information in their (or their Related Parties') possession. Each Lender and the L/C Issuer represents to the Administrative Agent and the Arrangers that it has, independently and without reliance upon the Administrative Agent, the Arrangers, any other Lender or any of their Related Parties and based on such documents and information as it has deemed appropriate, made its own credit analysis of, appraisal of, and investigation into, the business, prospects, operations, property, financial and other condition and creditworthiness of the Loan Parties and their Subsidiaries, and all applicable bank or other regulatory Laws relating to the transactions contemplated 116 207163075_10 hereby, and made its own decision to enter into this Agreement and to extend credit to the Borrowers hereunder. Each Lender and the L/C Issuer also acknowledges that it will, independently and without reliance upon the Administrative Agent, any Arranger, any other Lender or any of their Related Parties and based on such documents and information as it shall from time to time deem appropriate, continue to make its own credit analysis, appraisals and decisions in taking or not taking action under or based upon this Agreement, any other Loan Document or any related agreement or any document furnished hereunder or thereunder, and to make such investigations as it deems necessary to inform itself as to the business, prospects, operations, property, financial and other condition and creditworthiness of the Loan Parties. Each Lender and the L/C Issuer represents and warrants that (i) the Loan Documents set forth the terms of a commercial lending facility and (ii) it is engaged in making, acquiring or holding commercial loans in the ordinary course and is entering into this Agreement as a Lender or L/C Issuer for the purpose of making, acquiring or holding commercial loans and providing other facilities set forth herein as may be applicable to such Lender or L/C Issuer, and not for the purpose of purchasing, acquiring or holding any other type of financial instrument, and each Lender and the L/C Issuer agrees not to assert a claim in contravention of the foregoing. Each Lender and the L/C Issuer represents and warrants that it is sophisticated with respect to decisions to make, acquire and/or hold commercial loans and to provide other facilities set forth herein, as may be applicable to such Lender or such L/C Issuer, and either it, or the Person exercising discretion in making its decision to make, acquire and/or hold such commercial loans or to provide such other facilities, is experienced in making, acquiring or holding such commercial loans or providing such other facilities. 9.08 No Other Duties, Etc. Anything herein to the contrary notwithstanding, none of the Bookrunners, Arrangers, Co-Syndication Agents or Co-Documentation Agents listed on the cover page hereof shall have any powers, duties or responsibilities under this Agreement or any of the other Loan Documents, except in its capacity, as applicable, as the Administrative Agent, a Lender or the L/C Issuer hereunder. 9.09 Administrative Agent May File Proofs of Claim. In case of the pendency of any proceeding under any Debtor Relief Law or any other judicial proceeding relative to any Loan Party, the Administrative Agent (irrespective of whether the principal of any Loan or L/C Obligation shall then be due and payable as herein expressed or by declaration or otherwise and irrespective of whether the Administrative Agent shall have made any demand on any Borrower) shall be entitled and empowered, by intervention in such proceeding or otherwise: (a) to file and prove a claim for the whole amount of the principal and interest owing and unpaid in respect of the Loans, L/C Obligations and all other Secured Obligations that are owing and unpaid and to file such other documents as may be necessary or advisable in order to have the claims of the Lenders, the L/C Issuer and the Administrative Agent (including any claim for the reasonable compensation, expenses, disbursements and advances of the Lenders, the L/C Issuer and the Administrative Agent and their respective agents and counsel and all other amounts due the Lenders, the L/C Issuer and the Administrative Agent under Sections 2.03(h) and (i), 2.09 and 10.04) allowed in such judicial proceeding; and (b) to collect and receive any monies or other property payable or deliverable on any such claims and to distribute the same; and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any such judicial proceeding is hereby authorized by each Lender and the L/C Issuer to make such payments to the Administrative Agent and, in the event that the Administrative Agent shall consent to the making of such payments directly to the Lenders and the L/C Issuer, to pay to the Administrative Agent any amount due for the reasonable compensation, expenses, disbursements and advances of the Administrative Agent and its agents and counsel, and any other amounts due the Administrative Agent under Sections 2.09 and 10.04. 117 207163075_10 Nothing contained herein shall be deemed to authorize the Administrative Agent to authorize or consent to or accept or adopt on behalf of any Lender or the L/C Issuer any plan of reorganization, arrangement, adjustment or composition affecting the Secured Obligations or the rights of any Lender or the L/C Issuer to authorize the Administrative Agent to vote in respect of the claim of any Lender or the L/C Issuer in any such proceeding. 9.10 Collateral and Guaranty Matters. (a) Guaranty Matters. Without limiting the provisions of Section 9.09, each of the Lenders (including in its capacities as a potential Cash Management Bank, a potential Hedge Bank, a potential Card Related Products Bank and a potential LOC Bank), the L/C Issuer and the Swing Line Lender irrevocably authorize the Administrative Agent to release any Guarantor from its obligations under the Guaranty (i) upon the occurrence of the Facility Termination Date, (ii) if such Person ceases to be a Subsidiary as a result of a transaction permitted under the Loan Documents, (iii) subject to Section 10.01, if approved, authorized or ratified in writing by the Required Lenders or (iv) pursuant to and in accordance with Section 6.14(b). Upon request by the Administrative Agent at any time, the Required Lenders will confirm in writing the Administrative Agent's authority to release any Guarantor from its obligations under the Guaranty pursuant to this Section 9.10. (b) Collateral Matters. (i) The Administrative Agent, each of the Lenders (including in its capacities as a potential Cash Management Bank, a potential Hedge Bank, a potential Card Related Products Bank and a potential LOC Bank) and the L/C Issuer hereby irrevocably appoints and authorizes Bank of America to act as the collateral agent (in such capacity, the "Collateral Agent") under the Loan Documents for purposes of acquiring, holding and enforcing any and all Liens on Collateral granted by any of the Loan Parties to secure any of the Secured Obligations, together with such powers and discretion as are reasonably incidental thereto. In this connection, the Collateral Agent and any co- agents, sub-agents and attorneys-in-fact appointed by the Collateral Agent for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Security Instruments, or for exercising any rights and remedies thereunder at the direction of the Collateral Agent, shall be entitled to the benefits of all provisions of this Article IX and Article X (including Section 10.04(c), as though such co-agents, sub-agents and attorneys-in-fact were the Collateral Agent under the Loan Documents) as if set forth in full herein with respect thereto. (ii) Without limiting the provisions of Section 9.09, the Administrative Agent, each of the Lenders (including in its capacities as a potential Cash Management Bank, a potential Hedge Bank, a potential Card Related Products Bank and a potential LOC Bank), the L/C Issuer and the Swing Line Lender irrevocably authorize the Collateral Agent to: (A) release any Pledged Interest and any Lien on any property granted to or held by the Collateral Agent under any Loan Document (i) upon the occurrence of the Facility Termination Date, (ii) that is sold or to be sold or otherwise disposed of as part of or in connection with any sale or disposition permitted hereunder or under any other Loan Document, (iii) subject to Section 10.01, if approved, authorized or ratified in writing by the Required Lenders or (iv) pursuant to and in accordance with Section 6.14(b); (B) subordinate any Lien on any property granted to or held by the Collateral Agent under any Loan Document to the holder of any Lien on such property that is permitted by Section 7.01(i); 118 207163075_10 (C) acknowledge in writing, in form and substance satisfactory to the Collateral Agent, the priority of any Lien granted under any indemnity agreement or surety agreement in favor of a surety providing a bond to the Company and/or its Subsidiaries as permitted by Section 7.01(t) of this Agreement; and (D) include obligations in respect of Secured Bilateral Letters of Credit as Secured Obligations and/or otherwise under the Security Instruments. Upon request by the Collateral Agent at any time, the Required Lenders will confirm in writing the Collateral Agent's authority to release or subordinate its interest in particular types or items of property pursuant to this Section 9.10. (iii) Notwithstanding the foregoing, (A) if any Guarantor ceases to be a Subsidiary or a Material Subsidiary (as applicable) as a result of a transaction permitted under the Loan Documents or pursuant to and in accordance with Section 6.14(b) or as otherwise approved, authorized or ratified in writing by the Required Lenders pursuant to and in accordance with Section 10.01, then contemporaneously therewith, such Subsidiary shall be automatically released from the Guaranty with no further action on the part of any Person and the Liens on its property granted to or held by the Collateral Agent under any Loan Document shall be automatically released and such property shall automatically revert to such Subsidiary free from such Lien with no further action on the part of any Person; (B) if any Pledged Interest or other property subject to a Lien granted to or held by the Collateral Agent under any Loan Document is Disposed of in a transaction permitted under the Loan Documents or otherwise approved, authorized or ratified in writing by the Required Lenders pursuant to and in accordance with Section 10.01, then contemporaneously therewith the Liens granted under the Loan Documents in such property shall be deemed to be automatically released and such property shall automatically revert to the applicable Loan Party free from such Lien with no further action on the part of any Person; and (C) upon the written request by the Company, the Administrative Agent or the Collateral Agent shall reasonably promptly execute and/or deliver any such Lien termination and release documentation reasonably requested by the Company in connection with such permitted release, all at the sole cost and expense of the Company. (iv) The Administrative Agent shall not be responsible for or have a duty to ascertain or inquire into any representation or warranty regarding the existence, value or collectability of the Collateral, the existence, priority or perfection of the Administrative Agent's Lien thereon, or any certificate prepared by any Loan Party in connection therewith, nor shall the Administrative Agent be responsible or liable to the Lenders for any failure to monitor or maintain any portion of the Collateral. 9.11 Secured Cash Management Agreements, Secured Hedge Agreements, Secured Card Related Products Agreements and Secured Bilateral Letters of Credit. Except as otherwise set forth herein, no Cash Management Bank, Hedge Bank, Card Related Products Bank or LOC Bank who obtains the benefit of the provisions of Section 8.03, the Guaranty or any Collateral by virtue of the provisions hereof or any Security Instrument shall have any right to notice of any action or to consent to, direct or object to any action hereunder or under any other Loan Document or otherwise in respect of the Collateral (including the release or impairment of any Collateral) (or to notice of or to consent to any amendment, waiver or modification of the provisions hereof or of the Guaranty or any Security Instrument) other than in its capacity as a Lender and, in such case, only to the extent expressly provided in the Loan Documents. Notwithstanding any other provision of this Article IX to the contrary, the Administrative Agent shall not be required to verify the payment of, or that other satisfactory arrangements have been made with respect to, Secured Obligations arising under Secured Cash Management Agreements, Secured Hedge Agreements,

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&nbsp;&nbsp;&nbsp;&nbsp;119 207163075_10 Secured Card Related Products Agreements and Secured Bilateral Letters of Credit except to the extent expressly provided herein and unless the Administrative Agent has received written notice of such Secured Obligations, together with such supporting documentation as the Administrative Agent may request, from the applicable Cash Management Bank, Hedge Bank, Card Related Products Bank or LOC Bank, as the case may be. The Administrative Agent shall not be required to verify the payment of, or that other satisfactory arrangements have been made with respect to, Secured Obligations arising under Secured Cash Management Agreements, Secured Hedge Agreements, Secured Card Related Products Agreements and Secured Bilateral Letters of Credit in the case of a Facility Termination Date. 9.12 Lender ERISA Status. (a) Each Lender (x) represents and warrants, as of the date such Person became a Lender party hereto, to, and (y) covenants, from the date such Person became a Lender party hereto to the date such Person ceases being a Lender party hereto, for the benefit of, the Administrative Agent, and the Arrangers and their respective Affiliates, and not, for the avoidance of doubt, to or for the benefit of the Borrowers or any other Loan Party, that at least one of the following is and will be true: (i) such Lender is not using "plan assets" (within the meaning of Section 3(42) of ERISA or otherwise) of one or more Benefit Plans with respect to such Lender's entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments or this Agreement, (ii) the transaction exemption set forth in one or more PTEs, such as PTE 84-14 (a class exemption for certain transactions determined by independent qualified professional asset managers), PTE 95-60 (a class exemption for certain transactions involving insurance company general accounts), PTE 90-1 (a class exemption for certain transactions involving insurance company pooled separate accounts), PTE 91-38 (a class exemption for certain transactions involving bank collective investment funds) or PTE 96-23 (a class exemption for certain transactions determined by in-house asset managers), is applicable with respect to such Lender's entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement, (iii) (A) such Lender is an investment fund managed by a "Qualified Professional Asset Manager" (within the meaning of Part VI of PTE 84-14), (B) such Qualified Professional Asset Manager made the investment decision on behalf of such Lender to enter into, participate in, administer and perform the Loans, the Letters of Credit, the Commitments and this Agreement, (C) the entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement satisfies the requirements of sub-sections (b) through (g) and (k) of Part I of PTE 84-14 and (D) to the best knowledge of such Lender, the requirements of subsection (a) of Part I of PTE 84-14 are satisfied with respect to such Lender's entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement, or (iv) such other representation, warranty and covenant as may be agreed in writing between the Administrative Agent, in its sole discretion, and such Lender. (b) In addition, unless either (1) clause (i) in the immediately preceding clause (a) is true with respect to a Lender or (2) a Lender has provided another representation, warranty and covenant in accordance with 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 120 207163075_10 benefit of, the Administrative Agent and not, for the avoidance of doubt, to or for the benefit of the Borrowers or any other Loan Party, that the Administrative Agent is not a fiduciary with respect to the assets of such Lender involved in such Lender's entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement (including in connection with the reservation or exercise of any rights by the Administrative Agent under this Agreement, any Loan Document or any documents related hereto or thereto). 9.13 Recovery of Erroneous Payments. Without limitation of any other provision in this Agreement, if at any time the Administrative Agent makes a payment hereunder in error to any Lender Recipient Party, whether or not in respect of an Obligation due and owing by the Borrowers at such time, where such payment is a Rescindable Amount, then in any such event, each Lender Recipient Party receiving a Rescindable Amount severally agrees to repay to the Administrative Agent forthwith on demand the Rescindable Amount received by such Lender Recipient Party in immediately available funds in the currency so received, with interest thereon, for each day from and including the date such Rescindable Amount is received by it to but excluding the date of payment to the Administrative Agent, at the greater of the Federal Funds Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation. Each Lender Recipient Party irrevocably waives any and all defenses, including any "discharge for value" (under which a creditor might otherwise claim a right to retain funds mistakenly paid by a third party in respect of a debt owed by another) or similar defense to its obligation to return any Rescindable Amount. The Administrative Agent shall inform each Lender Recipient Party promptly upon determining that any payment made to such Lender Recipient Party comprised, in whole or in part, a Rescindable Amount. ARTICLE X MISCELLANEOUS 10.01 Amendments, Etc. Except as provided in Sections 1.07(b) and Section 2.14(e), and subject to Section 3.03, no amendment or waiver of any provision of this Agreement or any other Loan Document, and no consent to any departure by any Borrower or any other Loan Party therefrom, shall be effective unless in writing signed by the Required Lenders and the Borrowers or the applicable Loan Party, as the case may be, and acknowledged by the Administrative Agent, and each such waiver or consent shall be effective only in the specific instance and for the specific purpose for which given; provided, however, that no such amendment, waiver or consent shall: (a) (i) waive any condition set forth in Section 4.01(a) without the written consent of each Lender; and (ii) waive any condition set forth in Section 4.02 as to any Credit Extension under a particular Facility without the written consent of the Required Revolving Lenders or the Required Term Lenders (which waiver shall not also require the vote of Required Lenders), as the case may be; (b) extend or increase the Commitment of any Lender (or reinstate any Commitment terminated pursuant to Section 8.02) without the written consent of such Lender; (c) postpone any date fixed by this Agreement or any other Loan Document for any payment of principal, interest, fees or other amounts due to the Lenders (or any of them) hereunder or under any other Loan Document without the written consent of each Lender directly affected thereby; (d) release any Borrower from its obligations hereunder or reduce the principal of, or the rate of interest specified herein on, any Loan or L/C Borrowing, or (subject to clause (iv) of the second proviso to this Section 10.01) any fees or other amounts payable hereunder or under any other Loan Document, or change the manner of computation of any financial ratio (including any change in any applicable defined term) used in determining the Applicable Rate that would result in a reduction of any interest rate on any Loan or any fee payable hereunder without the written consent of each Lender directly affected thereby; 121 207163075_10 provided, however, that only the consent of the Required Lenders shall be necessary to amend the definition of "Default Rate" or to waive any obligation of the Borrowers to pay interest or Letter of Credit Fees at the Default Rate; (e) change (i) Section 8.03 or any other provision hereof in a manner that would have the effect of altering the ratable reduction of Commitments or the pro rata sharing of payments otherwise required hereunder or (ii) the order of application of any prepayment of Loans among the Facilities from the application thereof set forth in Section 2.05, Section 2.06 or Section 8.03 in any manner that materially and adversely affects the Lenders under a Facility, in each case without the written consent of (x) if such Facility is the Term Facility, the Required Term Lenders, and (y) if such Facility is the Revolving Credit Facility, the Required Revolving Lenders (which amendment, modification or waiver shall not also require the vote of Required Lenders); (f) amend Section 1.06 or the definition of "Alternative Currency" without the written consent of each Lender; (g) change (i) any provision of this Section 10.01 or the definition of "Required Lenders" or "Required Class Lenders" or any other provision hereof specifying the number or percentage of Lenders required to amend, waive or otherwise modify any rights hereunder or make any determination or grant any consent hereunder (other than the definitions specified in clause (ii) of this Section 10.01(g)), without the written consent of each Lender or (ii) the definition of "Required Revolving Lenders" or "Required Term Lenders" without the written consent of each Lender under the applicable Facility (which amendment, modification or waiver shall not also require the vote of Required Lenders); (h) release all or substantially all of the value of the Guaranty without the written consent of each Lender, except to the extent the release of any Guarantor is permitted pursuant to Section 9.10 (in which case such release may be made by the Administrative Agent acting alone) or release the Company as a Guarantor of the Obligations of GCC or GILC; (i) impose any greater restriction on the ability of any Lender under a Facility to assign any of its rights or obligations hereunder without the written consent of (i) if such Facility is the Term Facility, the Required Term Lenders, and (ii) if such Facility is the Revolving Credit Facility, the Required Revolving Lenders, in each case, which amendment, modification or waiver shall not also require the vote of Required Lenders; (j) release all or substantially all of the Collateral in any transaction or series of related transactions without the written consent of each Lender, except to the extent the release of any Collateral is permitted pursuant to Section 9.10 (in which case such release may be made by the Collateral Agent acting alone); (k) without the prior written consent of each Lender directly affected thereby, (i) subordinate, or have the effect of subordinating, the Obligations hereunder to any other Indebtedness or other obligation or (ii) subordinate, or have the effect of subordinating, the Liens securing the Obligations to Liens securing any other Indebtedness or other obligation; (l) amend any provision of this Agreement to require that a Lender fund any portion of any Loan or any Unreimbursed Amount in a currency other than Dollars without the consent of each Lender; or 122 207163075_10 (m) directly and materially adversely affect the rights of Lenders holding Commitments or Loans of one Class differently from the rights of Lenders holding Commitments or Loans of any other Class without the written consent of the applicable Required Class Lenders; and, provided further, that (i) no amendment, waiver or consent shall, unless in writing and signed by the L/C Issuer in addition to the Lenders required above, affect the rights or duties of the L/C Issuer under this Agreement or any Issuer Document relating to any Letter of Credit issued or to be issued by it; (ii) no amendment, waiver or consent shall, unless in writing and signed by the Swing Line Lender in addition to the Lenders required above, affect the rights or duties of the Swing Line Lender under this Agreement; (iii) no amendment, waiver or consent shall, unless in writing and signed by the Administrative Agent in addition to the Lenders required above, affect the rights or duties of the Administrative Agent under this Agreement or any other Loan Document; and (iv) the Fee Letter may be amended, or rights or privileges thereunder waived, in a writing executed only by the parties thereto. Notwithstanding anything to the contrary herein, no Defaulting Lender shall have any right to approve or disapprove any amendment, waiver or consent hereunder (and any amendment, waiver or consent which by its terms requires the consent of all Lenders or each affected Lender may be effected with the consent of the applicable Lenders other than Defaulting Lenders), except that (x) the Commitment of any Defaulting Lender may not be increased or extended and the maturity date of any of its Loans may not be extended, the rate of interest on any of its Loans may not be reduced and the principal amount of any of its Loans may not be forgiven, in each case without the consent of such Defaulting Lender and (y) any waiver, amendment, consent or modification requiring the consent of all Lenders or each affected Lender that by its terms affects any Defaulting Lender more adversely relative to other affected Lenders shall require the consent of such Defaulting Lender. Notwithstanding any provision herein to the contrary, in addition to any amendment authorized by Section 2.14, this Agreement may be amended with the written consent of the Required Lenders, the Administrative Agent and the Borrowers (i) to add one or more additional revolving credit or term loan facilities to this Agreement and to permit the extensions of credit and all related obligations and liabilities arising in connection therewith from time to time outstanding to share ratably (or on a basis subordinated to the existing facilities hereunder) in the benefits of this Agreement and the other Loan Documents with the obligations and liabilities from time to time outstanding in respect of the existing facilities hereunder, and (ii) in connection with the foregoing, to permit, as deemed appropriate by the Administrative Agent and approved by the Required Lenders, the Lenders providing such additional credit facilities to participate in any required vote or action required to be approved by the Required Lenders or by any other number, percentage or class of Lenders hereunder. Notwithstanding any provision herein to the contrary, if the Administrative Agent and the Company acting together identify any ambiguity, omission, mistake, typographical error or other defect in any provision of this Agreement or any other Loan Document (including the schedules and exhibits thereto), then the Administrative Agent and the Company shall be permitted to amend, modify or supplement such provision to cure such ambiguity, omission, mistake, typographical error or other defect, and such amendment shall become effective without any further action or consent of any other party to this Agreement. 10.02 Notices; Effectiveness; Electronic Communication. (a) Notices Generally. Except in the case of notices and other communications expressly permitted to be given by telephone (and except as provided in subsection (b) below), all notices and other communications provided for herein shall be in writing and shall be delivered by hand or overnight courier service, mailed by certified or registered mail or sent by telecopier or electronic mail as follows, and all notices and other communications expressly permitted hereunder to be given by telephone shall be made to the applicable telephone number, as follows:

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&nbsp;&nbsp;&nbsp;&nbsp;123 207163075_10 (i) if to any Borrower or any other Loan Party to the address, telecopier number, electronic mail address or telephone number specified for the Company on Schedule 10.02, and if to the Administrative Agent, the Collateral Agent, the L/C Issuer or the Swing Line Lender, to the address, telecopier number, electronic mail address or telephone number specified for such Person on Schedule 10.02; and (ii) if to any other Lender, to the address, telecopier number, electronic mail address or telephone number specified in its Administrative Questionnaire (including, as appropriate, notices delivered solely to the Person designated by a Lender on its Administrative Questionnaire then in effect for the delivery of notices that may contain material non-public information relating to the Borrowers). Notices and other communications sent by hand or overnight courier service, or mailed by certified or registered mail, shall be deemed to have been given when received; notices and other communications sent by telecopier shall be deemed to have been given when sent (except that, if not given during normal business hours for the recipient, shall be deemed to have been given at the opening of business on the next Business Day for the recipient). Notices and other communications delivered through electronic communications to the extent provided in subsection (b) below, shall be effective as provided in such subsection (b). (b) Electronic Communications. Notices and other communications to the Lenders and the L/C Issuer hereunder may be delivered or furnished by electronic communication (including e-mail and Internet or intranet websites) pursuant to procedures approved by the Administrative Agent, provided that the foregoing shall not apply to notices to any Lender or the L/C Issuer pursuant to Article II if such Lender or the L/C Issuer, as applicable, has notified the Administrative Agent that it is incapable of receiving notices under such Article by electronic communication. The Administrative Agent, the Swing Line Lender, the L/C Issuer or the Company may each, in its discretion, agree to accept notices and other communications to it hereunder by electronic communications pursuant to procedures approved by it, provided that approval of such procedures may be limited to particular notices or communications. Unless the Administrative Agent otherwise prescribes, (i) notices and other communications sent to an e-mail address shall be deemed received upon the sender's receipt of an acknowledgement from the intended recipient (such as by the "return receipt requested" function, as available, return e-mail or other written acknowledgement), and (ii) notices or communications posted to an Internet or intranet website shall be deemed received upon the deemed receipt by the intended recipient at its e-mail address as described in the foregoing clause (i) of notification that such notice or communication is available and identifying the website address therefor; provided that, for both clauses (i) and (ii), if such notice, email or other communication is not sent during the normal business hours of the recipient, such notice, email or communication shall be deemed to have been sent at the opening of business on the next business day for the recipient. (c) The Platform. THE PLATFORM IS PROVIDED "AS IS" AND "AS AVAILABLE." THE AGENT PARTIES (AS DEFINED BELOW) DO NOT WARRANT THE ACCURACY OR COMPLETENESS OF THE BORROWER MATERIALS OR THE ADEQUACY OF THE PLATFORM, AND EXPRESSLY DISCLAIM LIABILITY FOR ERRORS IN OR OMISSIONS FROM THE BORROWER MATERIALS. NO WARRANTY OF ANY KIND, EXPRESS, IMPLIED OR STATUTORY, INCLUDING ANY WARRANTY OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT OF THIRD PARTY RIGHTS OR FREEDOM FROM VIRUSES OR OTHER CODE DEFECTS, IS MADE BY ANY AGENT PARTY IN CONNECTION WITH THE BORROWER MATERIALS OR THE PLATFORM. In no event shall the Administrative Agent or any of its Related Parties (collectively, the "Agent Parties") have any liability to any Borrower, any Lender, the L/C Issuer or any other Person for losses, claims, damages, liabilities or 124 207163075_10 expenses of any kind (whether in tort, contract or otherwise) arising out of any Borrower's, any Loan Party's or the Administrative Agent's transmission of Borrower Materials through the Platform, any other electronic platform or electronic messaging service, or through the Internet, except to the extent that such losses, claims, damages, liabilities or expenses are determined by a court of competent jurisdiction by a final and nonappealable judgment to have resulted from the gross negligence or willful misconduct of such Agent Party; provided, however, that in no event shall any Agent Party have any liability to any Borrower, any Lender, the L/C Issuer or any other Person for indirect, special, incidental, consequential or punitive damages (as opposed to direct or actual damages). (d) Change of Address, Etc. Each of the Company, the Administrative Agent, the L/C Issuer and the Swing Line Lender may change its address, telecopier or telephone number for notices and other communications hereunder by notice to the other parties hereto. Each other Lender may change its address, telecopier or telephone number for notices and other communications hereunder by notice to the Company, the Administrative Agent, the L/C Issuer and the Swing Line Lender. In addition, each Lender agrees to notify the Administrative Agent from time to time to ensure that the Administrative Agent has on record (i) an effective address, contact name, telephone number, telecopier number and electronic mail address to which notices and other communications may be sent and (ii) accurate wire instructions for such Lender. Furthermore, each Public Lender agrees to cause at least one individual at or on behalf of such Public Lender to at all times have selected the "Private Side Information" or similar designation on the content declaration screen of the Platform in order to enable such Public Lender or its delegate, in accordance with such Public Lender's compliance procedures and Applicable Law, including United States Federal and state securities Laws, to make reference to Borrower Materials that are not made available through the "Public Side Information" portion of the Platform and that may contain material non-public information with respect to a Borrower or its securities for purposes of United States Federal or state securities laws. (e) Reliance by Administrative Agent, L/C Issuer and Lenders. The Administrative Agent, the L/C Issuer and the Lenders shall be entitled to rely and act upon any notices (including telephonic or electronic Loan Notices, Letter of Credit Applications and Swing Line Loan Notices) purportedly given by or on behalf of the Company or the Borrowers even if (i) such notices were not made in a manner specified herein, were incomplete or were not preceded or followed by any other form of notice specified herein, or (ii) the terms thereof, as understood by the recipient, varied from any confirmation thereof. Each Borrower shall indemnify the Administrative Agent, the L/C Issuer, each Lender and the Related Parties of each of them from all losses, costs, expenses and liabilities resulting from the reliance by such Person on each notice purportedly given by or on behalf of the Company or the Borrowers. All telephonic notices to and other telephonic communications with the Administrative Agent may be recorded by the Administrative Agent, and each of the parties hereto hereby consents to such recording. 10.03 No Waiver; Cumulative Remedies; Enforcement. No failure by any Lender, the L/C Issuer or the Administrative Agent to exercise, and no delay by any such Person in exercising, any right, remedy, power or privilege hereunder or under any other Loan Document shall operate as a waiver thereof; nor shall any single or partial exercise of any right, remedy, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, power or privilege. The rights, remedies, powers and privileges herein provided, and provided under each other Loan Document, are cumulative and not exclusive of any rights, remedies, powers and privileges provided by law. Notwithstanding anything to the contrary contained herein or in any other Loan Document, the authority to enforce rights and remedies hereunder and under the other Loan Documents against the Loan Parties or any of them shall be vested exclusively in, and all actions and proceedings at law in connection with such enforcement shall be instituted and maintained exclusively by, the Administrative Agent in accordance with Section 8.02 for the benefit of all the Lenders and the L/C Issuer; provided, however, that the foregoing shall not prohibit (a) the Administrative Agent from exercising on its own behalf the rights 125 207163075_10 and remedies that inure to its benefit (solely in its capacity as Administrative Agent) hereunder and under the other Loan Documents, (b) the L/C Issuer or the Swing Line Lender from exercising the rights and remedies that inure to its benefit (solely in its capacity as L/C Issuer or Swing Line Lender, as the case may be) hereunder and under the other Loan Documents, (c) any Lender from exercising setoff rights in accordance with Section 10.08 (subject to the terms of Section 2.13), or (d) any Lender from filing proofs of claim or appearing and filing pleadings on its own behalf during the pendency of a proceeding relative to any Loan Party under any Debtor Relief Law; and provided, further, that if at any time there is no Person acting as Administrative Agent hereunder and under the other Loan Documents, then (i) the Required Lenders shall have the rights otherwise ascribed to the Administrative Agent pursuant to Section 8.02 and (ii) in addition to the matters set forth in clauses (b), (c) and (d) of the preceding proviso and subject to Section 2.13, any Lender may, with the consent of the Required Lenders, enforce any rights and remedies available to it and as authorized by the Required Lenders. 10.04 Expenses; Indemnity; Damage Waiver. (a) Costs and Expenses. The Company shall pay (i) all reasonable and documented out-of- pocket expenses incurred by the Administrative Agent and its Affiliates (including the reasonable fees, charges and disbursements of one firm of counsel for the Administrative Agent, the Collateral Agent and Arrangers, taken as a whole, and of such local and special counsel as reasonably required), in connection with the syndication of the credit facilities provided for herein, the preparation, negotiation, execution, delivery and administration of this Agreement and the other Loan Documents or any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated), (ii) all reasonable and documented out-of-pocket expenses incurred by any L/C Issuer in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder and (iii) all reasonable and documented out-of-pocket expenses incurred by the Administrative Agent, the Collateral Agent, any Lender or any L/C Issuer (including the fees, charges and disbursements of (x) one firm of counsel for the Administrative Agent, the Collateral Agent, the Lenders and the L/C Issuers, taken as a whole, and, in the event of a conflict of interest, one additional firm of counsel to all Persons affected thereby, taken as a whole, and of special and local counsel as reasonably required, and (y) any financial advisor for the Administrative Agent, any Lender or any L/C Issuer), in connection with the enforcement or protection of its rights (A) in connection with this Agreement and the other Loan Documents, including its rights under this Section, or (B) in connection with the Loans made or Letters of Credit issued hereunder, including all such reasonable and documented out- of-pocket expenses incurred during any workout, restructuring or negotiations in respect of such Loans or Letters of Credit. (b) Indemnification by the Borrowers. Each Borrower shall indemnify the Administrative Agent (and any sub-agent thereof), each Lender and each L/C Issuer, 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 one firm of counsel for all Indemnitees, taken as a whole, and, in the event of a conflict of interest, one additional firm of counsel to all persons affected thereby, taken as a whole, and of special and local counsel as reasonably required), incurred by any Indemnitee or asserted against any Indemnitee by any Person (including any Borrower or any other Loan Party) other than such Indemnitee and its Related Parties arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby (including, without limitation, the Indemnitee's reliance on any Communication executed using an Electronic Signature, or in the form of an Electronic Record), the performance by the parties hereto of their respective obligations hereunder or thereunder, the consummation of the transactions contemplated hereby or thereby, or, in the case of the Administrative Agent (and any sub-agent thereof) and its Related Parties only, the administration of this Agreement and the other Loan Documents (including in respect of any 126 207163075_10 matters addressed in Section 3.01), (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by a L/C Issuer 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 owned or operated by any Borrower or any of its Subsidiaries, or any Environmental Liability related in any way to any Borrower or any of its Subsidiaries, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by any Borrower or any other Loan Party, and regardless of whether any Indemnitee is a party thereto; provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses (x) are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from the gross negligence, willful misconduct or breach in bad faith of its obligations hereunder or under any other Loan Document of such Indemnitee or (y) result from a claim of any Indemnitee solely against one or more other Indemnitees (and not by one or more Indemnitees against the Administrative Agent, Collateral Agent or Arrangers in such capacity) that have not resulted from the action, inaction, participation or contribution of the Company or any of its Subsidiaries or any of its or their respective Affiliates, officers, directors, employees, agents, advisors or other representatives. Without limiting the provisions of Section 3.01(c), this Section 10.04(b) shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim. (c) Reimbursement by Lenders. To the extent that the Borrowers for any reason fail to indefeasibly pay any amount required under subsection (a) or (b) of this Section to be paid by it to the Administrative Agent (or any sub-agent thereof), any L/C Issuer, the Swing Line Lender or any Related Party of any of the foregoing, each Lender severally agrees to pay to the Administrative Agent (or any such sub-agent), such L/C Issuer, the Swing Line Lender or such Related Party, as the case may be, such Lender's pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought based on each Lender's share of the Total Credit Exposure at such time) of such unpaid amount (including any such unpaid amount in respect of a claim asserted by such Lender), such payment to be made severally among them based on such Lender's Applicable Percentage (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought), provided, that, the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent (or any such sub-agent), such L/C Issuer or the Swing Line Lender in its capacity as such, or against any Related Party of any of the foregoing acting for the Administrative Agent (or any such sub-agent), such L/C Issuer or the Swing Line Lender in connection with such capacity. The obligations of the Lenders under this subsection (c) are subject to the provisions of Section 2.12(d). (d) Waiver of Consequential Damages, Etc. To the fullest extent permitted by Applicable Law, the Borrowers shall not assert, and hereby waive, and acknowledge that no other Person shall have, any claim against any Indemnitee, 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, the transactions contemplated hereby or thereby, any Loan or Letter of Credit or the use of the proceeds thereof. No Indemnitee referred to in subsection (b) above shall be liable for any damages arising from the use by unintended recipients of any information or other materials distributed to such unintended recipients by such Indemnitee through telecommunications, electronic or other information transmission systems in connection with this Agreement or the other Loan Documents or the transactions contemplated hereby or thereby other than for direct or actual damages resulting from the gross negligence or willful misconduct of such Indemnitee as determined by a final and nonappealable judgment of a court of competent jurisdiction.

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&nbsp;&nbsp;&nbsp;&nbsp;127 207163075_10 (e) Payments. All amounts due under this Section shall be payable not later than ten Business Days after demand therefor. (f) Survival. The agreements in this Section and the indemnity provisions of Section 10.02(e) shall survive the resignation of the Administrative Agent, any L/C Issuer and the Swing Line Lender, the replacement of any Lender, the termination of the Aggregate Commitments and the repayment, satisfaction or discharge of all the other Obligations. 10.05 Payments Set Aside. To the extent that any payment by or on behalf of the Borrowers is made to the Administrative Agent, the L/C Issuer or any Lender, or the Administrative Agent, the L/C Issuer or any Lender exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by the Administrative Agent, the L/C Issuer or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff had not occurred, and (b) each Lender and the L/C Issuer severally agrees to pay to the Administrative Agent upon demand its applicable share (without duplication) of any amount so recovered from or repaid by the Administrative Agent, plus interest thereon from the date of such demand to the date such payment is made at a rate per annum equal to the applicable Overnight Rate from time to time in effect, in the applicable currency of such recovery or payment. The obligations of the Lenders and the L/C Issuer under clause (b) of the preceding sentence shall survive the payment in full of the Obligations and the termination of this Agreement. 10.06 Successors and Assigns. (a) Successors and Assigns Generally. The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns permitted hereby, except that no Borrower may assign or otherwise transfer any of its rights or obligations hereunder without the prior written consent of the Administrative Agent and each Lender and no Lender may assign or otherwise transfer any of its rights or obligations hereunder except (i) to an Eligible Assignee in accordance with the provisions of subsection (b) of this Section, (ii) by way of participation in accordance with the provisions of subsection (d) of this Section, or (iii) by way of pledge or assignment of a security interest subject to the restrictions of subsection (f) of this Section (and any other attempted assignment or transfer by any party hereto shall be null and void). Nothing in this Agreement, expressed or implied, shall be construed to confer upon any Person (other than the parties hereto, their respective successors and assigns permitted hereby, Participants to the extent provided in subsection (d) of this Section and, to the extent expressly contemplated hereby, the Related Parties of each of the Administrative Agent, the L/C Issuer and the Lenders) any legal or equitable right, remedy or claim under or by reason of this Agreement. (b) Assignments by Lenders. Any Lender may at any time assign to one or more Eligible Assignees all or a portion of its rights and obligations under this Agreement (including all or a portion of its Commitment and the Loans (including for purposes of this subsection (b), participations in L/C Obligations and in Swing Line Loans) at the time owing to it); provided that any such assignment shall be subject to the following conditions: (i) Minimum Amounts. (A) In the case of an assignment of the entire remaining amount of the assigning Lender's Commitment under any Facility and/or the Loans at the time owing to it (in each case with respect to any Facility) or contemporaneous assignments to related 128 207163075_10 Approved Funds that equal at least the amount specified in subsection (b)(i)(B) of this Section in the aggregate or in the case of an assignment to a Lender, an Affiliate of a Lender or an Approved Fund, no minimum amount need be assigned; and (B) in any case not described in subsection (b)(i)(A) of this Section, the aggregate amount of the Commitment (which for this purpose includes Loans outstanding thereunder) or, if the applicable Commitment is not then in effect, the principal outstanding balance of the Loans of the assigning Lender subject to each such assignment, determined as of the date the Assignment and Assumption with respect to such assignment is delivered to the Administrative Agent or, if "Trade Date" is specified in the Assignment and Assumption, as of the Trade Date, shall not be less than $5,000,000, in the case of any assignment in respect of the Revolving Credit Facility, or $5,000,000, in the case of any assignment in respect of the Term Facility, unless each of the Administrative Agent and, so long as no Event of Default has occurred and is continuing, the Company otherwise consents (each such consent not to be unreasonably withheld or delayed); provided, however, that concurrent assignments to members of an Assignee Group and concurrent assignments from members of an Assignee Group to a single assignee (or to an assignee and members of its Assignee Group) will be treated as a single assignment for purposes of determining whether such minimum amount has been met. (ii) Proportionate Amounts. Each assignment shall be made as an assignment of a proportionate part of all the assigning Lender's Loans and Commitments under both the Revolving Credit Facility and the Term Facility. (iii) Required Consents. No consent shall be required for any assignment except to the extent required by subsection (b)(i)(B) of this Section and, in addition: (A) the consent of the Company (such consent not to be unreasonably withheld or delayed) shall be required (1) if such assignment is to a Person that is engaged in similar lines of business of, or is a competitor to, the Company or any of its Subsidiaries, which Person has been designated by the Company in its reasonable discretion by written notice to the Administrative Agent and the Lenders (including by posting such notice to the Platform) not less than ten Business Days prior to such date of assignment (it being understood and agreed that the Company's withholding of consent to an assignment to such a Person shall be deemed reasonable); provided that in no event shall such written notice apply retroactively to disqualify any Person that has previously acquired an interest in the Loans and/or the Commitments that is otherwise permitted hereunder; and (2) for all other assignments unless (x) an Event of Default has occurred and is continuing at the time of such assignment or (y) such assignment is to a Lender, an Affiliate of a Lender or an Approved Fund; provided that the Company shall be deemed to have consented to any such assignment under this clause (iii)(A)(2) unless it shall object thereto by written notice to the Administrative Agent within five (5) Business Days after having received written notice thereof; (B) the consent of the Administrative Agent (such consent not to be unreasonably withheld or delayed) shall be required for assignments in respect of (1) any unfunded Term Commitment or any Revolving Credit Commitment if such assignment is to a Person that is not a Lender with a Commitment in respect of the applicable Facility, an Affiliate of such Lender or an Approved Fund with respect to such Lender or (2) any Term Loan to a Person that is not a Lender, an Affiliate of a Lender or an Approved Fund; 129 207163075_10 (C) the consent of the L/C Issuer (such consent not to be unreasonably withheld or delayed) shall be required for any assignment in respect of the Revolving Credit Facility that increases the obligation of the assignee to participate in exposure under one or more Letters of Credit (whether or not then outstanding); and (D) the consent of the Swing Line Lender (such consent not to be unreasonably withheld or delayed) shall be required for any assignment in respect of the Revolving Credit Facility. (iv) Assignment and Assumption. The parties to each assignment shall execute and deliver to the Administrative Agent an Assignment and Assumption, together with a processing and recordation fee in the amount of $3,500; provided, however, that the Administrative Agent may, in its sole discretion, elect to waive such processing and recordation fee in the case of any assignment. The assignee, if it is not a Lender, shall deliver to the Administrative Agent an Administrative Questionnaire. (v) No Assignment to Certain Persons. No such assignment shall be made (A) to any Borrower or any of any Borrower's Affiliates or Subsidiaries, or (B) to any Defaulting Lender or any of its Subsidiaries, or any Person who, upon becoming a Lender hereunder, would constitute any of the foregoing Persons described in this clause (B), or (C) to a natural person (or a holding company, investment vehicle or trust for, or owned and operated by or for the primary benefit of one or more natural Persons). (vi) Certain Additional Payments. In connection with any assignment of rights and obligations of any Defaulting Lender hereunder, no such assignment shall be effective unless and until, in addition to the other conditions thereto set forth herein, the parties to the assignment shall make such additional payments to the Administrative Agent in an aggregate amount sufficient, upon distribution thereof as appropriate (which may be outright payment, purchases by the assignee of participations or subparticipations, or other compensating actions, including funding, with the consent of the Company and the Administrative Agent, the applicable pro rata share of Loans previously requested but not funded by the Defaulting Lender, to each of which the applicable assignee and assignor hereby irrevocably consent), to (x) pay and satisfy in full all payment liabilities then owed by such Defaulting Lender to the Administrative Agent, the L/C Issuer or any Lender hereunder (and interest accrued thereon) and (y) acquire (and fund as appropriate) its full pro rata share of all Loans and participations in Letters of Credit and Swing Line Loans in accordance with its Applicable Percentage. Notwithstanding the foregoing, in the event that any assignment of rights and obligations of any Defaulting Lender hereunder shall become effective under Applicable Law without compliance with the provisions of this paragraph, then the assignee of such interest shall be deemed to be a Defaulting Lender for all purposes of this Agreement until such compliance occurs. Subject to acceptance and recording thereof by the Administrative Agent pursuant to subsection (c) of this Section, from and after the effective date specified in each Assignment and Assumption, the assignee thereunder shall be a party to this Agreement and, to the extent of the interest assigned by such Assignment and Assumption, have the rights and obligations of a Lender under this Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned by such Assignment and Assumption, be released from its obligations under this Agreement (and, in the case of an Assignment and Assumption covering all of the assigning Lender's rights and obligations under this Agreement, such Lender shall cease to be a party hereto) but shall continue to be entitled to the benefits of Sections 3.01, 3.04, 3.05, and 10.04 with respect to facts and circumstances occurring prior to the effective date of such assignment; provided, that except to the extent otherwise expressly agreed by the affected parties, no assignment by a Defaulting 130 207163075_10 Lender will constitute a waiver or release of any claim of any party hereunder arising from that Lender's having been a Defaulting Lender. Upon request, the Borrowers (at their expense) shall execute and deliver a Note to the assignee Lender. Any assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply with this subsection shall be treated for purposes of this Agreement as a sale by such Lender of a participation in such rights and obligations in accordance with subsection (d) of this Section. (c) Register. The Administrative Agent, acting solely for this purpose as a non-fiduciary agent of the Borrowers (and such agency being solely for tax purposes), shall maintain at the Administrative Agent's Office a copy of each Assignment and Assumption delivered to it (or the equivalent thereof in electronic form) and a register for the recordation of the names and addresses of the Lenders, and the Commitments of, and principal amounts (and stated interest) of the Loans and L/C Obligations 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 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. In addition, the Administrative Agent shall maintain on the Register information regarding the designation, and revocation of any designation, of any Lender as a Defaulting Lender. The Register shall be available for inspection by the Borrowers and any Lender, at any reasonable time and from time to time upon reasonable prior notice. (d) Participations. Any Lender may at any time, without the consent of, or notice to, the Company or the Administrative Agent, sell participations to any Person (other than a natural Person, or a holding company, investment vehicle or trust for, or owned and operated for the primary benefit of one or more natural Persons, a Defaulting Lender or any Borrower or any Borrower's Affiliates or Subsidiaries) (each, a "Participant") in all or a portion of such Lender's rights and/or obligations under this Agreement (including all or a portion of its Commitment and/or the Loans (including such Lender's participations in L/C Obligations and/or Swing Line Loans) owing to it); provided that (i) such Lender's obligations under this Agreement shall remain unchanged, (ii) such Lender shall remain solely responsible to the other parties hereto for the performance of such obligations and (iii) the Borrowers, the Administrative Agent, the Lenders and the L/C Issuer shall continue to deal solely and directly with such Lender in connection with such Lender's rights and obligations under this Agreement. For the avoidance of doubt, each Lender shall be responsible for the indemnity under Section 10.04(c) without regard to the existence of any participation. Any agreement or instrument pursuant to which a Lender sells such a participation shall provide that such Lender shall retain the sole right to enforce this Agreement and to approve any amendment, modification or waiver of any provision of this Agreement; provided that such agreement or instrument may provide that such Lender will not, without the consent of the Participant, agree to any amendment, waiver or other modification described in the first proviso to Section 10.01 that affects such Participant. Each Borrower agrees that each Participant shall be entitled to the benefits of Sections 3.01, 3.04 and 3.05 to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to subsection (b) of this Section (it being understood that the documentation required under Section 3.01(e) shall be delivered to the Lender who sells the participation) to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to paragraph (b) of this Section; provided that such Participant (A) agrees to be subject to the provisions of Sections 3.06 and 10.13 as if it were an assignee under paragraph (b) of this Section and (B) shall not be entitled to receive any greater payment under Sections 3.01 or 3.04, with respect to any participation, than the Lender from whom it acquired the applicable participation would have been entitled to receive, except to the extent such entitlement to receive a greater payment results from a Change in Law that occurs after the Participant acquired the applicable participation. Each Lender that sells a participation agrees, at the Borrowers' request and expense, to use reasonable efforts to cooperate with the Borrowers to effectuate the provisions of Section 3.06 with respect to any Participant. To the extent permitted by law, each Participant also shall be entitled to the benefits of Section 10.08 as though it

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&nbsp;&nbsp;&nbsp;&nbsp;131 207163075_10 were a Lender; provided that such Participant agrees to be subject to Section 2.13 as though it were a Lender. Each Lender that sells a participation shall, acting solely for this purpose as a non-fiduciary agent of the Borrowers, maintain a register on which it enters the name and address of each Participant and the principal amounts (and stated interest) of each Participant's interest in the Loans or other obligations under the Loan Documents (the "Participant Register"); provided that no Lender shall have any obligation to disclose all or any portion of the Participant Register (including the identity of any Participant or any information relating to a Participant's interest in any commitments, loans, letters of credit or its other obligations under any Loan Document) to any Person except to the extent that such disclosure is necessary to establish that such commitment, loan, letter of credit or other obligation is in registered form under Section 5f.103-1(c) of the United States Treasury Regulations. The entries in the Participant Register shall be conclusive absent manifest error, and such Lender shall treat each Person whose name is recorded in the Participant Register as the owner of such participation for all purposes of this Agreement notwithstanding any notice to the contrary. For the avoidance of doubt, the Administrative Agent (in its capacity as Administrative Agent) shall have no responsibility for maintaining a Participant Register. (e) Certain Pledges. Any Lender may at any time pledge or assign a security interest in all or any portion of its rights under this Agreement (including under its Note, if any) to secure obligations of such Lender, including any pledge or assignment to secure obligations to a Federal Reserve Bank; provided that no such pledge or assignment shall release such Lender from any of its obligations hereunder or substitute any such pledgee or assignee for such Lender as a party hereto. (f) Resignation as L/C Issuer or Swing Line Lender after Assignment. Notwithstanding anything to the contrary contained herein, if at any time Bank of America assigns all of its Commitment and Loans pursuant to subsection (b) above, Bank of America may, (i) upon 30 days' notice to the Company and the Lenders, resign as L/C Issuer and/or (ii) upon 30 days' notice to the Company, resign as Swing Line Lender. In the event of any such resignation as L/C Issuer or Swing Line Lender, the Borrowers shall be entitled to appoint from among the Lenders a successor L/C Issuer or Swing Line Lender hereunder; provided, however, that no failure by the Company to appoint any such successor shall affect the resignation of Bank of America as L/C Issuer or Swing Line Lender, as the case may be. If Bank of America resigns as L/C Issuer, it shall retain all the rights, powers, privileges and duties of the L/C Issuer hereunder with respect to all Letters of Credit outstanding as of the effective date of its resignation as L/C Issuer and all L/C Obligations with respect thereto (including the right to require the Lenders to make Base Rate Revolving Loans or fund risk participations in Unreimbursed Amounts pursuant to Section 2.03(c)). If Bank of America resigns as Swing Line Lender, it shall retain all the rights of the Swing Line Lender provided for hereunder with respect to Swing Line Loans made by it and outstanding as of the effective date of such resignation, including the right to require the Lenders to make Base Rate Revolving Loans or fund risk participations in outstanding Swing Line Loans pursuant to Section 2.04(c). Upon the appointment of a successor L/C Issuer and/or Swing Line Lender, (a) such successor shall succeed to and become vested with all of the rights, powers, privileges and duties of the retiring L/C Issuer or Swing Line Lender, as the case may be, and (b) the successor L/C Issuer shall issue letters of credit in substitution for the Letters of Credit, if any, outstanding at the time of such succession or make other arrangements satisfactory to Bank of America to effectively assume the obligations of Bank of America with respect to such Letters of Credit. 10.07 Treatment of Certain Information; Confidentiality. Each of the Administrative Agent, the Lenders and the L/C Issuer agrees to maintain the confidentiality of the Information (as defined below), except that Information may be disclosed (a) to its Affiliates, its auditors and to its Related Parties (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), (b) to the extent required or requested by any regulatory authority purporting to have jurisdiction over such Person or its Related Parties (including any self-regulatory authority, such as the National Association of Insurance Commissioners), (c) 132 207163075_10 to the extent required by Applicable Laws or regulations or by any subpoena or similar legal process, (d) to any other party hereto, (e) in connection with the exercise of any remedies hereunder or under any other Loan Document or any 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 substantially the same as those of this Section, to (i) any assignee of or Participant in, or any prospective assignee of or Participant in, any of its rights and obligations under this Agreement or any Eligible Assignee invited to be a Lender pursuant to Section 2.14(b)(iii) or 2.14(c)(iii) or (ii) any actual or prospective party (or its Related Parties) to any swap, derivative or other transaction under which payments are to be made by reference to any Borrower and its obligations, this Agreement or payments hereunder, (g) on a confidential basis to (i) any rating agency in connection with rating any Borrower or its Subsidiaries or the credit facilities provided hereunder or (ii) the CUSIP Service Bureau or any similar agency in connection with the issuance and monitoring of CUSIP numbers or other market identifiers with respect to the credit facilities provided hereunder, (h) with the consent of the Borrowers or (i) to the extent such Information (x) becomes publicly available other than as a result of a breach of this Section, (y) becomes available to the Administrative Agent, any Lender, the L/C Issuer or any of their respective Affiliates on a nonconfidential basis from a source other than a Borrower or (z) is independently discovered or developed by a party hereto without utilizing any Information received from the Borrowers or violating the terms of this Section 10.07. In addition, the Administrative Agent and the Lenders may disclose the existence of this Agreement and information about this Agreement to market data collectors, similar service providers to the lending industry and service providers to the Administrative Agent and the Lenders in connection with the administration of this Agreement, the other Loan Documents, and the Commitments. For purposes of this Section, "Information" means all information received from any Borrower or any Subsidiary relating to any Borrower or any Subsidiary or any of their respective businesses, other than any such information that is available to the Administrative Agent, any Lender or the L/C Issuer on a nonconfidential basis prior to disclosure by any Borrower or any Subsidiary, provided that, in the case of information received from any Borrower or any Subsidiary after the date hereof, such information is clearly identified at the time of delivery as confidential. Any Person required to maintain the confidentiality of Information as provided in this Section shall be considered to have complied with its obligation to do so if such Person has exercised the same degree of care to maintain the confidentiality of such Information as such Person would accord to its own confidential information. Each of the Administrative Agent, the Lenders and the L/C Issuer acknowledges that (a) the Information may include material non-public information concerning a Borrower or a Subsidiary, as the case may be, (b) it has developed compliance procedures regarding the use of material non-public information and (c) it will handle such material non-public information in accordance with Applicable Law, including United States Federal and state securities Laws. For the avoidance of doubt, nothing herein prohibits any individual from communicating or disclosing information regarding suspected violations of laws, rules, or regulations to a governmental, regulatory, or self-regulatory authority without any notification to any Person. 10.08 Right of Setoff. If an Event of Default shall have occurred and be continuing, each Lender, the L/C Issuer and each of their respective Affiliates is hereby authorized at any time and from time to time, after obtaining the prior written consent of the Administrative Agent, to the fullest extent permitted by Applicable Law, to set off and apply any and all deposits (general or special, time or demand, provisional or final, in whatever currency) at any time held and other obligations (in whatever currency) at any time owing by such Lender, the L/C Issuer or any such Affiliate to or for the credit or the account of the Borrowers against any and all of the obligations of the Borrowers now or hereafter existing under this Agreement or any other Loan Document to such Lender or the L/C Issuer or their respective Affiliates, irrespective of whether or not such Lender, the L/C Issuer or Affiliate shall have made any demand under 133 207163075_10 this Agreement or any other Loan Document and although such obligations of the Borrowers may be contingent or unmatured or are owed to a branch, office or Affiliate of such Lender or the L/C Issuer different from the branch, office or Affiliate holding such deposit or obligated on such indebtedness; provided, that in the event that any Defaulting Lender shall exercise any such right of setoff, (x) all amounts so set off shall be paid over immediately to the Administrative Agent for further application in accordance with the provisions of Section 2.16 and, pending such payment, shall be segregated by such Defaulting Lender from its other funds and deemed held in trust for the benefit of the Administrative Agent, the L/C Issuer and the Lenders, and (y) the Defaulting Lender shall provide promptly to the Administrative Agent a statement describing in reasonable detail the Secured Obligations owing to such Defaulting Lender as to which it exercised such right of setoff. The rights of each Lender, the L/C Issuer and their respective Affiliates under this Section are in addition to other rights and remedies (including other rights of setoff) that such Lender, the L/C Issuer or their respective Affiliates may have. Each Lender and the L/C Issuer agrees to notify the Company and the Administrative Agent promptly after any such setoff and application, provided that the failure to give such notice shall not affect the validity of such setoff and application. 10.09 Interest Rate Limitation. Notwithstanding anything to the contrary contained in any Loan Document, the interest paid or agreed to be paid under the Loan Documents shall not exceed the maximum rate of non-usurious interest permitted by Applicable Law (the "Maximum Rate"). If the Administrative Agent or any Lender shall receive interest in an amount that exceeds the Maximum Rate, the excess interest shall be applied to the principal of the Loans or, if it exceeds such unpaid principal, refunded to the Borrowers. In determining whether the interest contracted for, charged, or received by the Administrative Agent or a Lender exceeds the Maximum Rate, such Person may, to the extent permitted by Applicable Law, (a) characterize any payment that is not principal as an expense, fee, or premium rather than interest, (b) exclude voluntary prepayments and the effects thereof, and (c) amortize, prorate, allocate, and spread in equal or unequal parts the total amount of interest throughout the contemplated term of the Obligations hereunder. 10.10 Integration; Effectiveness. This Agreement the other Loan Documents, and any separate letter agreements with respect to fees payable to the Administrative Agent or the L/C Issuer, constitute the entire contract among the parties relating to the subject matter hereof and supersede any and all previous agreements and understandings, oral or written, relating to the subject matter hereof. Except as provided in Section 4.01, this Agreement shall become effective when it shall have been executed by the Administrative Agent and when the Administrative Agent shall have received counterparts hereof that, when taken together, bear the signatures of each of the other parties hereto, and thereafter shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns. 10.11 Survival of Representations and Warranties. All representations and warranties made hereunder and in any other Loan Document or other document delivered pursuant hereto or thereto or in connection herewith or therewith shall survive the execution and delivery hereof and thereof. Such representations and warranties have been or will be relied upon by the Administrative Agent and each Lender, regardless of any investigation made by the Administrative Agent or any Lender or on their behalf and notwithstanding that the Administrative Agent or any Lender may have had notice or knowledge of any Default at the time of any Credit Extension, and shall continue in full force and effect as long as any Loan or any other Obligation hereunder shall remain unpaid or unsatisfied or any Letter of Credit shall remain outstanding. 10.12 Severability. If any provision of this Agreement or the other Loan Documents is held to be illegal, invalid or unenforceable, (a) the legality, validity and enforceability of the remaining provisions of this Agreement and the other Loan Documents shall not be affected or impaired thereby and (b) the parties shall endeavor in good faith negotiations to replace the illegal, invalid or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the illegal, invalid 134 207163075_10 or unenforceable provisions. The invalidity of a provision in a particular jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. Without limiting the foregoing provisions of this Section 10.12, if and to the extent that the enforceability of any provisions in this Agreement relating to Defaulting Lenders shall be limited by Debtor Relief Laws, as determined in good faith by the Administrative Agent, the L/C Issuer or the Swing Line Lender, as applicable, then such provisions shall be deemed to be in effect only to the extent not so limited. 10.13 Replacement of Lenders. If the Borrowers are entitled to replace a Lender pursuant to the provisions of Section 3.06, or if any Lender is a Defaulting Lender or a Non-Consenting Lender, then the Company may, at its sole expense and effort, upon notice to such Lender and the Administrative Agent, require such Lender to assign and delegate, without recourse (in accordance with and subject to the restrictions contained in, and consents required by, Section 10.06), all of its interests, rights (other than its existing rights to payments pursuant to Sections 3.01 and 3.04) and obligations under this Agreement and the related Loan Documents to an Eligible Assignee that shall assume such obligations (which assignee may be another Lender, if a Lender accepts such assignment), provided that: (a) the Borrowers shall have paid to the Administrative Agent the assignment fee (if any) specified in Section 10.06(b); (b) such Lender shall have received payment of an amount equal to 100% of the outstanding principal of its Loans and L/C Advances, accrued interest thereon, accrued fees and all other amounts payable to it hereunder and under the other Loan Documents (including any amounts under Section 3.05) from the assignee (to the extent of such outstanding principal and accrued interest and fees) or the Borrowers (in the case of all other amounts); (c) in the case of any such assignment resulting from a claim for compensation under Section 3.04 or payments required to be made pursuant to Section 3.01, such assignment will result in a reduction in such compensation or payments thereafter; (d) such assignment does not conflict with Applicable Laws; and (e) in the case of an assignment resulting from a Lender becoming a Non-Consenting Lender, the applicable assignee shall have consented to the applicable amendment, waiver or consent. A Lender shall not be required to make any such assignment or delegation if, prior thereto, as a result of a waiver by such Lender or otherwise, the circumstances entitling the Borrowers to require such assignment and delegation cease to apply. Each party hereto agrees that (a) an assignment required pursuant to this Section 10.13 may be effected pursuant to an Assignment and Assumption executed by the Company, the Administrative Agent and the assignee and (b) the Lender required to make such assignment need not be a party thereto in order for such assignment to be effective and shall be deemed to have consented to and be bound by the terms thereof; provided that, following the effectiveness of any such assignment, the other parties to such assignment agree to execute and deliver such documents necessary to evidence such assignment as reasonably requested by the applicable Lender; provided, further that any such documents shall be without recourse to or warranty by the parties thereto. Notwithstanding anything in this Section 10.13 to the contrary, (i) the Lender that acts as the L/C Issuer may not be replaced hereunder at any time it has any Letter of Credit outstanding hereunder unless arrangements satisfactory to such Lender (including the furnishing of a backstop standby letter of credit in form and substance, and issued by an issuer, reasonably satisfactory to such L/C Issuer or the depositing of

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&nbsp;&nbsp;&nbsp;&nbsp;135 207163075_10 Cash Collateral into a Cash Collateral account in amounts and pursuant to arrangements reasonably satisfactory to such L/C Issuer) have been made with respect to such outstanding Letter of Credit and (ii) the Lender that acts as the Administrative Agent may not be replaced hereunder except in accordance with the terms of Section 9.06. 10.14 Governing Law; Jurisdiction; Etc. (a) GOVERNING LAW. This Agreement and the other Loan Documents and any claims, controversy, dispute or cause of action (whether in contract or tort or otherwise) based upon, arising out of or relating to this Agreement or any other Loan Document (except, as to any other Loan Document, as expressly set forth therein) and the transactions contemplated hereby and thereby shall be governed by, and construed in accordance with, the law of the State of California. (b) SUBMISSION TO JURISDICTION. EACH BORROWER IRREVOCABLY AND UNCONDITIONALLY SUBMITS, FOR ITSELF AND ITS PROPERTY, TO THE NONEXCLUSIVE JURISDICTION OF THE COURTS OF THE STATE OF CALIFORNIA SITTING IN THE CITY AND COUNTY OF SAN FRANCISCO AND OF THE UNITED STATES DISTRICT COURT OF THE NORTHERN DISTRICT OF CALIFORNIA, AND ANY APPELLATE COURT FROM ANY THEREOF, IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT, OR FOR RECOGNITION OR ENFORCEMENT OF ANY JUDGMENT, AND EACH OF THE PARTIES HERETO IRREVOCABLY AND UNCONDITIONALLY AGREES THAT ALL CLAIMS IN RESPECT OF ANY SUCH ACTION OR PROCEEDING MAY BE HEARD AND DETERMINED IN SUCH CALIFORNIA STATE COURT OR, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, IN SUCH FEDERAL COURT. EACH OF THE 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. NOTHING IN THIS AGREEMENT OR IN ANY OTHER LOAN DOCUMENT SHALL AFFECT ANY RIGHT THAT THE ADMINISTRATIVE AGENT, ANY LENDER OR THE L/C ISSUER MAY OTHERWISE HAVE TO BRING ANY ACTION OR PROCEEDING RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT AGAINST ANY BORROWER OR ITS PROPERTIES IN THE COURTS OF ANY JURISDICTION. (c) WAIVER OF VENUE. EACH BORROWER IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY OBJECTION THAT IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT IN ANY COURT REFERRED TO IN PARAGRAPH (b) OF THIS SECTION. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, THE DEFENSE OF AN INCONVENIENT FORUM TO THE MAINTENANCE OF SUCH ACTION OR PROCEEDING IN ANY SUCH COURT. (d) SERVICE OF PROCESS. EACH PARTY HERETO IRREVOCABLY CONSENTS TO SERVICE OF PROCESS IN THE MANNER PROVIDED FOR NOTICES IN SECTION 10.02. NOTHING IN THIS AGREEMENT WILL AFFECT THE RIGHT OF ANY PARTY HERETO TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY APPLICABLE LAW. 10.15 Arbitration and Waiver of Jury Trial. (a) This Section concerns the resolution of any controversies or claims between the parties, whether arising in contract, tort or by statute, including but not limited to controversies or claims that arise 136 207163075_10 out of or relate to: (i) this Agreement (including any renewals, extensions or modifications); or (ii) any document related to this Agreement (collectively a "Claim"). For the purposes of this arbitration provision only, the term "parties" shall include any parent corporation, subsidiary or affiliate of the Lender involved in the servicing, management or administration of the Obligations or any other obligation described in this Agreement. (b) At the request of any party to this Agreement, any Claim shall be resolved by binding arbitration in accordance with the Federal Arbitration Act (Title 9, U.S. Code) (the "Arbitration Act"). The Arbitration Act will apply even though this Agreement provides that it is governed by the law of a specified state. The arbitration will take place on an individual basis without resort to any form of class action. (c) Arbitration proceedings will be determined in accordance with the Arbitration Act, the then-current rules and procedures for the arbitration of financial services disputes of the American Arbitration Association or any successor thereof ("AAA"), and the terms of this Section. In the event of any inconsistency, the terms of this Section shall control. If AAA is unwilling or unable to (i) serve as the provider of arbitration or (ii) enforce any provision of this arbitration clause, the Lender may designate another arbitration organization with similar procedures to serve as the provider of arbitration. (d) The arbitration shall be administered by AAA and conducted, unless otherwise required by law, in the State of California. All Claims shall be determined by one arbitrator; however, if Claims exceed $5,000,000, upon the request of any party, the Claims shall be decided by three arbitrators. All arbitration hearings shall commence within ninety (90) days of the demand for arbitration and close within ninety (90) days of commencement and the award of the arbitrator(s) shall be issued within thirty (30) days of the close of the hearing. However, the arbitrator(s), upon a showing of good cause, may extend the commencement of the hearing for up to an additional sixty (60) days. The arbitrator(s) shall provide a concise written statement of reasons for the award. The arbitration award may be submitted to any court having jurisdiction to be confirmed, judgment entered and enforced. (e) The arbitrator(s) will give effect to statutes of limitation in determining any Claim and may dismiss the arbitration on the basis that the Claim is barred. For purposes of the application of the statute of limitations, the service on AAA under applicable AAA rules of a notice of Claim is the equivalent of the filing of a lawsuit. Any dispute concerning this arbitration provision or whether a Claim is arbitrable shall be determined by the arbitrator(s). The arbitrator(s) shall have the power to award legal fees pursuant to the terms of this Agreement. (f) This Section does not limit the right of any party to: (i) exercise self-help remedies, such as but not limited to, setoff; (ii) initiate judicial or non-judicial foreclosure against any real or personal property collateral; (iii) exercise any judicial or power of sale rights; or (iv) act in a court of law to obtain an interim remedy, such as but not limited to, injunctive relief, writ of possession or appointment of a receiver, or additional or supplementary remedies. (g) The filing of a court action is not intended to constitute a waiver of the right of any party, including the suing party, thereafter to require submittal of the Claim to arbitration. (h) BY AGREEING TO BINDING ARBITRATION, THE PARTIES IRREVOCABLY AND VOLUNTARILY WAIVE ANY RIGHT THEY MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY CLAIM. FURTHERMORE, WITHOUT INTENDING IN ANY WAY TO LIMIT THIS AGREEMENT TO ARBITRATE, TO THE EXTENT ANY CLAIM IS NOT ARBITRATED, THE PARTIES IRREVOCABLY AND VOLUNTARILY WAIVE ANY RIGHT THEY MAY HAVE TO A TRIAL BY JURY IN RESPECT OF SUCH CLAIM. THIS PROVISION IS A MATERIAL INDUCEMENT FOR THE PARTIES ENTERING INTO THIS AGREEMENT. 137 207163075_10 10.16 California Judicial Reference. If any action or proceeding is filed in a court of the State of California by or against any party hereto in connection with any of the transactions contemplated by this Agreement or any other Loan Document, (a) the court shall, and is hereby directed to, make a general reference pursuant to California Code of Civil Procedure Section 638 to a referee (who shall be a single active or retired judge) to hear and determine all of the issues in such action or proceeding (whether of fact or of law) and to report a statement of decision; provided that at the option of any party to such proceeding, any such issues pertaining to a "provisional remedy" as defined in California Code of Civil Procedure Section 1281.8 shall be heard and determined by the court, and (b) without limiting the generality of Section 10.04, the Borrowers shall be solely responsible to pay all fees and expenses of any referee appointed in such action or proceeding. 10.17 No Advisory or Fiduciary Responsibility. In connection with all aspects of each transaction contemplated hereby (including in connection with any amendment, waiver or other modification hereof or of any other Loan Document), each Borrower acknowledges and agrees, and acknowledges its Affiliates' understanding, that: (i) (A) the arranging and other services regarding this Agreement provided by the Administrative Agent, the Arrangers and the Lenders are arm's-length commercial transactions between each Borrower and its Affiliates, on the one hand, and the Administrative Agent, the Arrangers and the Lenders, on the other hand, (B) each Borrower has consulted its own legal, accounting, regulatory and tax advisors to the extent it has deemed appropriate, and (C) each Borrower is capable of evaluating, and understands and accepts, the terms, risks and conditions of the transactions contemplated hereby and by the other Loan Documents; (ii) (A) the Administrative Agent, the Arrangers and each Lender is and has been acting solely as a principal and, except as expressly agreed in writing by the relevant parties, has not been, is not, and will not be acting as an advisor, agent or fiduciary for any Borrower or any of its Affiliates, or any other Person and (B) neither the Administrative Agent, the Arrangers nor any Lender has any obligation to any Borrower or any of its Affiliates with respect to the transactions contemplated hereby except those obligations expressly set forth herein and in the other Loan Documents; and (iii) the Administrative Agent, the Arrangers and the Lenders and their respective Affiliates may be engaged in a broad range of transactions that involve interests that differ from those of each Borrower and its Affiliates, and neither the Administrative Agent, the Arrangers nor any Lender has any obligation to disclose any of such interests to any Borrower or its Affiliates. To the fullest extent permitted by law, each Borrower hereby waives and releases any claims that it may have against the Administrative Agent, the Arrangers or any Lender with respect to any breach or alleged breach of agency or fiduciary duty in connection with any aspect of any transaction contemplated hereby; provided that the foregoing shall not be deemed to release Bank of America from any obligations expressly set forth herein. 10.18 Electronic Execution; Electronic Records; Counterparts. This Agreement, any Loan Document and any other Communication, including Communications required to be in writing, may be in the form of an Electronic Record and may be executed using Electronic Signatures. Each of the Loan Parties and each of the Administrative Agent and each Lender Party agrees that any Electronic Signature on or associated with any Communication shall be valid and binding on such Person to the same extent as a manual, original signature, and that any Communication entered into by Electronic Signature, will constitute the legal, valid and binding obligation of such Person enforceable against such Person in accordance with the terms thereof to the same extent as if a manually executed original signature was delivered. Any Communication may be executed in as many counterparts as necessary or convenient, including both paper and electronic counterparts, but all such counterparts are one and the same Communication. For the avoidance of doubt, the authorization under this paragraph may include, without limitation, use or acceptance of a manually signed paper Communication which has been converted into electronic form (such as scanned into .pdf format), or an electronically signed Communication converted into another format, for transmission, delivery and/or retention. The Administrative Agent and each of the Lender Parties may, at its option, create one or more copies of any Communication in the form of an imaged Electronic Record ("Electronic Copy"), which shall be deemed created in the ordinary course of such 138 207163075_10 Person's business, and destroy the original paper document. All Communications in the form of an Electronic Record, including an Electronic Copy, shall be considered an original for all purposes, and shall have the same legal effect, validity and enforceability as a paper record. Notwithstanding anything contained herein to the contrary, neither the Administrative Agent, the L/C Issuer nor Swing Line Lender is under any obligation to accept an Electronic Signature in any form or in any format unless expressly agreed to by such Person pursuant to procedures approved by it; provided, further, without limiting the foregoing, (a) to the extent the Administrative Agent, L/C Issuer and/or Swing Line Lender has agreed to accept such Electronic Signature, the Administrative Agent and each of the Lender Parties shall be entitled to rely on any such Electronic Signature purportedly given by or on behalf of any Loan Party and/or any Lender Party without further verification and (b) upon the request of the Administrative Agent or any Lender Party, any Electronic Signature shall be promptly followed by such manually executed counterpart. Neither the Administrative Agent, L/C Issuer nor Swing Line Lender shall be responsible for or have any duty to ascertain or inquire into the sufficiency, validity, enforceability, effectiveness or 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, L/C Issuer's or Swing Line Lender's reliance on any Electronic Signature transmitted by telecopy, emailed .pdf or any other electronic means). The Administrative Agent, L/C Issuer and Swing Line Lender shall be entitled to rely on, and shall incur no liability under or in respect of this Agreement or any other Loan Document by acting upon, any Communication (which writing may be a fax, any electronic message, Internet or intranet website posting or other distribution or signed using an Electronic Signature) or any statement made to it orally or by telephone and believed by it to be genuine and signed or sent or otherwise authenticated (whether or not such Person in fact meets the requirements set forth in the Loan Documents for being the maker thereof). Each of the Loan Parties and each Lender Party hereby waives (i) any argument, defense or right to contest the legal effect, validity or enforceability of this Agreement and any other Loan Document based solely on the lack of paper original copies of this Agreement and/or such other Loan Document, and (ii) any claim against the Administrative Agent, each Lender Party and each Related Party for any liabilities arising solely from the Administrative Agent's and/or any Lender Party's reliance on or use of Electronic Signatures, including any liabilities arising as a result of the failure of the Loan Parties to use any available security measures in connection with the execution, delivery or transmission of any Electronic Signature. 10.19 USA PATRIOT Act. Each Lender that is subject to the Act and the Administrative Agent (for itself and not on behalf of any Lender) hereby notifies each Borrower that pursuant to the requirements of the Act, it is required to obtain, verify and record information that identifies each Borrower, which information includes the name and address of such Borrower and other information that will allow such Lender or the Administrative Agent, as applicable, to identify such Borrower in accordance with the Act. Each Borrower shall, promptly following a request by the Administrative Agent or any Lender, provide all documentation and other information that the Administrative Agent or such Lender requests in order to comply with its ongoing obligations under applicable "know your customer" and anti-money laundering rules and regulations, including the Act. 10.20 Judgment Currency. If, for the purposes of obtaining judgment in any court, it is necessary to convert a sum due hereunder or any other Loan Document in one currency into another currency, the rate of exchange used shall be that at which in accordance with normal banking procedures the Administrative Agent could purchase the first currency with such other currency on the Business Day preceding that on which final judgment is given. The obligation of the Borrowers in respect of any such sum due from it to the Administrative Agent or the L/C Issuer hereunder or under the other Loan Documents shall, notwithstanding any judgment in a currency (the "Judgment Currency") other than that in which such sum is denominated in accordance with the applicable provisions of this Agreement (the "Agreement Currency"), be discharged only to the extent that on the Business Day following receipt by the

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&nbsp;&nbsp;&nbsp;&nbsp;139 207163075_10 Administrative Agent or the L/C Issuer, as the case may be, of any sum adjudged to be so due in the Judgment Currency, the Administrative Agent or the L/C Issuer, 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 the L/C Issuer from the Borrowers in the Agreement Currency, each Borrower agrees, as a separate obligation and notwithstanding any such judgment, to indemnify the Administrative Agent or the L/C Issuer, 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 the L/C Issuer in such currency, the Administrative Agent or the L/C Issuer, as the case may be, agrees to return the amount of any excess to the Borrowers (or to any other Person who may be entitled thereto under Applicable Law). 10.21 Keepwell. The Borrowers at the time the Guaranty or the grant of the security interest under the Loan Documents, in each case, by any Specified Loan Party, becomes effective with respect to any Swap Obligation, hereby jointly and severally, absolutely, unconditionally and irrevocably undertakes to provide such funds or other support to each Specified Loan Party with respect to such Swap Obligation as may be needed by such Specified Loan Party from time to time to honor all of its obligations under its Guaranty and the other Loan Documents in respect of such Swap Obligation (but, in each case, only up to the maximum amount of such liability that can be hereby incurred without rendering the Borrowers' obligations and undertakings under this Section 10.21 voidable under Applicable Law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations and undertakings of the Borrowers under this Section shall remain in full force and effect until the Obligations have been indefeasibly paid and performed in full. The Borrowers intend this Section to constitute, and this Section shall be deemed to constitute, a guarantee of the obligations of, and a "keepwell, support, or other agreement" for the benefit of, each Specified Loan Party for all purposes of the Commodity Exchange Act. 10.22 Acknowledgement and Consent to Bail-In of Affected Financial Institutions. Solely to the extent any Lender or the L/C Issuer that is an Affected Financial Institution is a party to this Agreement and 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 Lender or L/C Issuer that is an Affected Financial Institution arising under any Loan Document, to the extent such liability is unsecured, may be subject to the Write-Down and Conversion Powers of the applicable Resolution Authority and agrees and consents to, and acknowledges and agrees to be bound by: (a) the application of any Write-Down and Conversion Powers by the applicable Resolution Authority to any such liabilities arising hereunder which may be payable to it by any Lender or L/C Issuer that is an Affected Financial Institution; and (b) the effects of any Bail-In Action on any such liability, including, if applicable: (i) a reduction in full or in part or cancellation of any such liability; (ii) a conversion of all, or a portion of, such liability into shares or other instruments of ownership in such Affected Financial Institution, its parent undertaking, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments of ownership will be accepted by it in lieu of any rights with respect to any such liability under this Agreement or any other Loan Document; or (iii) the variation of the terms of such liability in connection with the exercise of the Write-Down and Conversion Powers of the applicable Resolution Authority. 140 207163075_10 10.23 Acknowledgement Regarding Any Supported QFCs. To the extent that the Loan Documents provide support, through a guarantee or otherwise, for any Swap Contract 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): (a) In the event a Covered Entity that is party to a Supported QFC (each, a "Covered Party") becomes subject to a proceeding under a U.S. Special Resolution Regime, the transfer of such Supported QFC and the benefit of such QFC Credit Support (and any interest and obligation in or under such Supported QFC and such QFC Credit Support, and any rights in property securing such Supported QFC or such QFC Credit Support) from such Covered Party will be effective to the same extent as the transfer would be effective under the U.S. Special Resolution Regime if the Supported QFC and such QFC Credit Support (and any such interest, obligation and rights in property) were governed by the laws of the United States or a state of the United States. In the event a Covered Party or a BHC Act Affiliate of a Covered Party becomes subject to a proceeding under a U.S. Special Resolution Regime, Default Rights under the Loan Documents that might otherwise apply to such Supported QFC or any QFC Credit Support that may be exercised against such Covered Party are permitted to be exercised to no greater extent than such Default Rights could be exercised under the U.S. Special Resolution Regime if the Supported QFC and the Loan Documents were governed by the laws of the United States or a state of the United States. Without limitation of the foregoing, it is understood and agreed that rights and remedies of the parties with respect to a Defaulting Lender shall in no event affect the rights of any Covered Party with respect to a Supported QFC or any QFC Credit Support. (b) As used in this Section 10.23, the following terms have the following meanings: "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. "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). "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. "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). [Remainder of page intentionally left blank; signature pages follow.] Granite Construction Incorporated Fifth Amended and Restated Credit Agreement Signature Page IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed as of the date first above written. GRANITE CONSTRUCTION INCORPORATED By: /s/ Staci M. Woolsey Name: Staci M. Woolsey Title: Executive Vice President, Chief Financial Officer & Assistant Secretary GRANITE CONSTRUCTION COMPANY By: /s/ Staci M. Woolsey Name: Staci M. Woolsey Title: Executive Vice President, Chief Financial Officer & Assistant Secretary GILC INCORPORATED By: /s/ Staci M. Woolsey Name: Staci M. Woolsey Title: President & Chief Executive Officer Granite Construction Incorporated Fifth Amended and Restated Credit Agreement Signature Page ADMINISTRATIVE AGENT AND COLLATERAL AGENT: BANK OF AMERICA, N.A., as Administrative Agent and Collateral Agent By: __________________________________ Name: Bridgett J. Manduk Mowry Title: Vice President /s/ Bridgett J. Manduk Mowry

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Granite Construction Incorporated Fifth Amended and Restated Credit Agreement Signature Page LENDERS: BANK OF AMERICA, N.A., as a Lender, Swing Line Lender and L/C Issuer By: ___________________________________ Name: Mukesh Singh Title: Managing Director /s/ Mukesh Singh Granite Construction Incorporated Fifth Amended and Restated Credit Agreement Signature Page BMO BANK, N.A., as a Lender By: ___________________________________ Name: Nick Irving Title: VP /s/ Nick Irving Granite Construction Incorporated Fifth Amended and Restated Credit Agreement Signature Page PNC BANK, NATIONAL ASSOCIATION, as a Lender By: ___________________________________ Name: Peyman Parhami Title: Senior Vice President /s/ Peyman Parhami Granite Construction Incorporated Fifth Amended and Restated Credit Agreement Signature Page WELLS FARGO BANK, NATIONAL ASSOCIATION, as a Lender By: ___________________________________ Name: Jorge Selvas Title: Managing Director /s/ Jorge Selvas

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Granite Construction Incorporated Fifth Amended and Restated Credit Agreement Signature Page BARCLAYS BANK PLC, as a Lender By: ___________________________________ Name: Charlene Saldanha Title: Director /s/ Charlene Saldanha Granite Construction Incorporated Fifth Amended and Restated Credit Agreement Signature Page CAPITAL ONE, NATIONAL ASSOCIATION, as a Lender By: ___________________________________ Name: Gabrielle Mason Title: Duly Authorized Signatory /s/ Gabrielle Mason Granite Construction Incorporated Fifth Amended and Restated Credit Agreement Signature Page U.S. BANK, NATIONAL ASSOCIATION, as a Lender By: ___________________________________ Name: Shelly Ungles Title: Vice President /s/ Shelly Ungles Granite Construction Incorporated Fifth Amended and Restated Credit Agreement Signature Page CIBC BANK USA, as a Lender By: ___________________________________ Name: Raza Ali Title: Managing Director /s/ Raza Ali

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Granite Construction Incorporated Fifth Amended and Restated Credit Agreement Signature Page JPMORGAN CHASE BANK, N.A., as a Lender By: ___________________________________ Name: Eric Bergeson Title: Authorized Officer /s/ Eric Bergeson Granite Construction Incorporated Fifth Amended and Restated Credit Agreement Signature Page COMERICA BANK, as a Lender By: ___________________________________ Name: Randall Mitchell Title: Vice President /s/ Randall Mitchell Granite Construction Incorporated Fifth Amended and Restated Credit Agreement Signature Page THE HUNTINGTON NATIONAL BANK, as a Lender By: ___________________________________ Name: Scott Pritchett Title: Vice President /s/ Scott Pritchett Granite Construction Incorporated Fifth Amended and Restated Credit Agreement Signature Page COMMERCE BANK, as a Lender By: ___________________________________ Name: Dakota Prochnow Title: Vice President, Relationship Manager /s/ Dakota Prochnow

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S-1 207089127_6 SCHEDULE 1.01(g) GUARANTORS 1. Granite Construction Incorporated, a Delaware corporation 2. Granite Construction Company, a California corporation 3. GILC Incorporated, a California corporation 4. Layne Christensen Company, a Delaware corporation 5. Granite Southeast Company, a Delaware corporation 6. Lehman-Roberts Company, a Tennessee corporation 7. Memphis Stone & Gravel Company, a Tennessee corporation S-2 207089127_6 SCHEDULE 2.01 COMMITMENTS AND APPLICABLE PERCENTAGES Lender Revolving Credit Commitment Revolving Credit Facility Applicable Commitment Percentage Letter of Credit Sublimit Swing Line Sublimit Term Commitment Term Facility Applicable Commitment Percentage Bank of America, N.A. $111,702,127.65 18.617021275% $150,000,000.00 $20,000,000.00 $138,297,872.35 20.488573681% BMO Bank, N.A. $89,361,702.13 14.893617022% $110,638,297.87 16.390858944% PNC Bank, National Association $67,021,276.60 11.170212767% $82,978,723.40 12.293144207% Wells Fargo Bank, National Association $67,021,276.60 11.170212767% $82,978,723.40 12.293144207% Barclays Bank PLC $75,000,000.00 12.500000000% $25,000,000.00 3.703703704% Capital One, National Association $44,680,851.06 7.446808510% $55,319,148.94 8.195429473% U.S. Bank National Association $44,680,851.06 7.446808510% $55,319,148.94 8.195429473% CIBC Bank USA $25,691,489.36 4.281914893% $31,808,510.64 4.712371947% JPMorgan Chase Bank, N.A. $25,691,489.36 4.281914893% $31,808,510.64 4.712371947% Comerica Bank $17,872,340.43 2.978723405% $22,127,659.57 3.278171788% The Huntington National Bank $17,872,340.43 2.978723405% $22,127,659.57 3.278171788% Commerce Bank $13,404,255.32 2.234042553% $16,595,744.68 2.458628841% Total: $600,000,000.00 100.000000000% $150,000,000.00 $20,000,000.00 $675,000,000.00 100.000000000%

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## Exhibit 10.2

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EXECUTION VERSION 207089383_4 FIFTH AMENDED AND RESTATED GUARANTY AGREEMENT THIS FIFTH AMENDED AND RESTATED GUARANTY AGREEMENT dated as of August 5, 2025 (this "Guaranty Agreement"), is being entered into among EACH OF THE UNDERSIGNED AND EACH OTHER PERSON WHO SHALL BECOME A PARTY HERETO BY EXECUTION OF A GUARANTY JOINDER AGREEMENT (each a "Guarantor" and collectively the "Guarantors") and BANK OF AMERICA, N.A., as Administrative Agent (in such capacity, the "Administrative Agent") for each of the Secured Parties (as defined in the Credit Agreement referenced below). All capitalized terms used but not otherwise defined herein shall have the meanings ascribed to such terms in the Credit Agreement. RECITALS: A. The Guarantors and Bank of America, N.A., as administrative agent, are parties to that certain Fourth Amended and Restated Guaranty Agreement dated as of June 2, 2022 (as amended, restated, supplemented or otherwise modified from time to time prior to the date hereof, the "Existing Guaranty Agreement"), pursuant to which the Guarantors guaranteed the extensions of credit made or maintained under that certain Fourth Amended and Restated Credit Agreement dated as of June 2, 2022 (as amended, restated, supplemented or otherwise modified from time to time prior to the date hereof, the "Existing Credit Agreement"), among Granite Construction Incorporated, a Delaware corporation (the "Company"), Granite Construction Company, a California corporation ("GCC"), GILC Incorporated, a California corporation ("GILC" and, together with the Company and GCC, collectively, the "Borrowers"), Bank of America, N.A., as administrative agent, swing line lender and L/C issuer, and the lenders from time to time party thereto, and certain Secured Cash Management Agreements, Secured Hedge Agreements and Secured Card Related Products Agreements (each as defined in the Existing Credit Agreement). B. Pursuant to that certain Fifth Amended and Restated Credit Agreement dated as of the date hereof (as amended, restated, supplemented or otherwise modified from time to time, the "Credit Agreement"), among the Borrowers, the Administrative Agent, Bank of America, N.A., as Collateral Agent, Swing Line Lender and L/C Issuer, and the lenders now or hereafter party thereto (the "Lenders"), the Lenders have agreed to amend and restate the Existing Credit Agreement and to continue to provide to the Borrowers a revolving credit facility with a swing line facility and a letter of credit sublimit, as well as a term loan facility. C. Certain additional extensions of credit may be made from time to time for the benefit of the Guarantors pursuant to certain Secured Cash Management Agreements, Secured Hedge Agreements, Secured Card Related Products Agreements, and Secured Bilateral Letters of Credit (as defined in the Credit Agreement). D. It is a condition precedent to the Secured Parties' obligations to amend and restate the Existing Credit Agreement and to continue and to make and maintain such extensions of credit that the Guarantors shall have executed and delivered this Guaranty Agreement to the Administrative Agent. E. Each Guarantor (other than the Company) is, directly or indirectly, a Subsidiary of the Company and will materially benefit from such extensions of credit. In order to induce the Lenders to amend and restate the Existing Credit Agreement and to induce the Secured Parties to from time to time make and maintain extensions of credit under the Credit Agreement and under the Secured Cash Management Agreements, Secured Hedge Agreements, Secured Card Related Products Agreements, and Secured Bilateral Letters of Credit, each Guarantor hereby agrees with the Administrative Agent, for the ratable benefit of the Secured Parties, that the Existing Guaranty Agreement 2 207089383_4 is hereby amended and restated by this Guaranty Agreement, with the effect that the Existing Guaranty Agreement as so amended and restated is hereby continued into this Guaranty Agreement, and this Guaranty Agreement shall constitute neither a release nor novation of any obligation or liability arising under the Existing Guaranty Agreement, and such obligations shall continue in effect on the terms hereof, all as follows: 1. Guaranty. Each Guarantor hereby jointly and severally, unconditionally, absolutely, continually and irrevocably guarantees to the Administrative Agent for the benefit of the Secured Parties the payment and performance in full of the Guaranteed Liabilities (as defined below). For all purposes of this Guaranty Agreement, "Guaranteed Liabilities" means: (a) each Borrower's prompt payment in full, when due or declared due and at all such times, of all Obligations and all other amounts pursuant to the terms of the Credit Agreement, the Notes, and all other Loan Documents heretofore, now or at any time or times hereafter owing, arising, due or payable from such Borrower to any one or more of the Secured Parties, including principal, interest, premiums and fees (including all reasonable fees and expenses of counsel as set forth in Section 10.04(a) of the Credit Agreement (collectively, "Attorneys' Costs")); (b) each Borrower's prompt, full and faithful performance, observance and discharge of each and every agreement, undertaking, covenant and provision to be performed, observed or discharged by such Borrower under the Credit Agreement, the Notes and all other Loan Documents; and (c) the prompt payment in full by each Loan Party, when due or declared due and at all such times, of obligations and liabilities now or hereafter arising under the Secured Cash Management Agreements, Secured Hedge Agreements, Secured Card Related Products Agreements, and Secured Bilateral Letters of Credit; provided, however, that the Guaranteed Liabilities shall not include any Excluded Swap Obligations. The Guarantors' obligations to the Secured Parties under this Guaranty Agreement are hereinafter collectively referred to as the "Guarantors' Obligations" and, with respect to each Guarantor individually, the "Guarantor's Obligations". Notwithstanding the foregoing, the liability of each Guarantor individually with respect to its Guarantor's Obligations shall be limited to an aggregate amount equal to the largest amount that would not render its obligations hereunder subject to avoidance under Section 548 of the United States Bankruptcy Code or any comparable provisions of any applicable state law. Each Guarantor agrees that it is jointly and severally, directly and primarily liable (subject to the limitation in the immediately preceding sentence) for the Guaranteed Liabilities. The Guarantors' Obligations are secured by various Security Instruments referred to in the Credit Agreement. 2. Payment. If any Loan Party shall default in payment or performance of any of the Guaranteed Liabilities, whether principal, interest, premium, fees (including, but not limited to, Attorneys' Costs), or otherwise, when and as the same shall become due, and after expiration of any applicable grace period, whether according to the terms of the Credit Agreement, by acceleration, or otherwise, or upon the occurrence and during the continuance of any Event of Default under the Credit Agreement, then any or all of the Guarantors will, upon demand thereof by the Administrative Agent, (a) fully pay to the Administrative Agent, for the benefit of the Secured Parties, subject to any restriction on each Guarantor's Obligations set forth in Section 1 hereof, an amount equal to all the Guaranteed Liabilities then due and owing or declared or deemed to be due and owing, including for this purpose, in the event of any Event of Default under Section 8.01(f) of the Credit Agreement (and irrespective of the applicability of any restriction on acceleration or other action as against any other Loan Party under any Debtor Relief Laws), the entire outstanding or accrued amount of all Obligations or (b) perform such Guaranteed Liabilities, as applicable. For purposes of this Section 2, the Guarantors acknowledge and agree that "Guaranteed Liabilities" shall be deemed to include any amount (whether principal, interest, premium or fees) which would have been accelerated in accordance with Section 8.02 of the Credit Agreement but for the fact that such acceleration could be unenforceable or not allowable under any Debtor Relief Law. 3 207089383_4 3. Absolute Rights and Obligations. This is a guaranty of payment and not of collection. The Guarantors' Obligations under this Guaranty Agreement shall be joint and several, absolute and unconditional irrespective of, and each Guarantor hereby expressly waives, to the extent permitted by law, any defense to its obligations under this Guaranty Agreement and any other Loan Document to which it is a party by reason of: (a) any lack of legality, validity or enforceability of the Credit Agreement, of any of the Notes, of any other Loan Document, or of any other agreement or instrument creating, providing security for, or otherwise relating to any of the Guarantors' Obligations, any of the Guaranteed Liabilities, or any other guaranty of any of the Guaranteed Liabilities (the Loan Documents and all such other agreements and instruments being collectively referred to as the "Related Agreements"); (b) any action taken under any of the Related Agreements, any exercise of any right or power therein conferred, any failure or omission to enforce any right conferred thereby, or any waiver of any covenant or condition therein provided; (c) any acceleration of the maturity of any of the Guaranteed Liabilities, of the Guarantor's Obligations of any other Guarantor, or of any other obligations or liabilities of any Person under any of the Related Agreements; (d) any release, exchange, non-perfection, lapse in perfection, disposal, deterioration in value, or impairment of any security for any of the Guaranteed Liabilities, for any of the Guarantor's Obligations of any Guarantor, or for any other obligations or liabilities of any Person under any of the Related Agreements; (e) any dissolution of any Borrower or any Guarantor or any other party to a Related Agreement, or the combination or consolidation of any Borrower or any Guarantor or any other party to a Related Agreement into or with another entity or any transfer or disposition of any assets of any Borrower or any Guarantor or any other party to a Related Agreement; (f) any extension (including without limitation extensions of time for payment), renewal, amendment, restructuring or restatement of, any acceptance of late or partial payments under, or any change in the amount of any borrowings or any credit facilities available under, the Credit Agreement, any of the Notes or any other Loan Document or any other Related Agreement, in whole or in part; (g) the existence, addition, modification, termination, reduction or impairment of value, or release of any other guaranty (or security therefor) of the Guaranteed Liabilities (including without limitation the Guarantor's Obligations of any other Guarantor and obligations arising under any other Guaranty or any other Loan Document now or hereafter in effect); (h) any waiver of, forbearance or indulgence under, or other consent to any change in or departure from any term or provision contained in the Credit Agreement, any other Loan Document or any other Related Agreement, including without limitation any term pertaining to the payment or performance of any of the Guaranteed Liabilities, any of the Guarantor's Obligations of any other Guarantor, or any of the obligations or liabilities of any party to any other Related Agreement; or (i) any other circumstance whatsoever (with or without notice to or knowledge of any Guarantor) which may or might in any manner or to any extent vary the risks of such Guarantor, or 4 207089383_4 might otherwise constitute a legal or equitable defense available to, or discharge of, a surety or a guarantor, including without limitation any right to require or claim that resort be had to any Borrower or any other Loan Party or to any collateral in respect of the Guaranteed Liabilities or Guarantors' Obligations. It is the express purpose and intent of the parties hereto that this Guaranty Agreement and the Guarantors' Obligations hereunder and under each Guaranty Joinder Agreement shall be absolute and unconditional under any and all circumstances and shall not be discharged except by payment and performance or release of such Guarantors' Obligations as herein provided. 4. Currency and Funds of Payment. All Guarantors' Obligations for payment will be paid in lawful currency of the United States of America and in immediately available funds, regardless of any law, regulation or decree now or hereafter in effect that might in any manner affect the Guaranteed Liabilities, or the rights of any Secured Party with respect thereto as against any Borrower, or cause or permit to be invoked any alteration in the time, amount or manner of payment by any Borrower of any or all of the Guaranteed Liabilities. If, for the proposes 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 Guarantor in respect of any such sum due from it to the Administrative Agent or any Secured Party 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 Guaranty Agreement (the "Agreement Currency"), be discharged only to the extent that on the Business Day following receipt by the Administrative Agent or such Secured Party, as the case may be, of any sum adjudicated to be so due in the Judgment Currency, the Administrative Agent or such Secured Party, 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 Secured Party from any Guarantor in the Agreement Currency, such Guarantor agrees, as a separate obligation and notwithstanding any such judgment, to indemnify the Administrative Agent or such Secured Party, 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 Secured Party in such currency, the Administrative Agent or such Secured Party, as the case may be, agrees to return the amount of any excess to such Guarantor (or to any other Person who may be entitled thereto under Applicable Law). 5. Events of Default. Without limiting the provisions of Section 2 hereof, in the event that there shall occur and be continuing an Event of Default, then notwithstanding any collateral or other security or credit support for the Guaranteed Liabilities, at the Administrative Agent's election (which shall be exercised at the request or with the consent of the Required Lenders in accordance with Section 8.02 of the Credit Agreement) and without notice thereof or demand therefor, each of the Guaranteed Liabilities and the Guarantors' Obligations shall immediately be and become due and payable; provided, however, that upon the occurrence of an actual or deemed entry of an order for relief with respect to any Borrower under the Bankruptcy Code of the United States, the Guarantors' Obligations shall automatically become due and payable, without further act of the Administrative Agent or any Lender. 6. Subordination. Until this Guaranty Agreement is terminated in accordance with Section 22 hereof, each Guarantor hereby unconditionally subordinates all present and future debts, liabilities or obligations now or hereafter owing to such Guarantor (a) of any Borrower, to the payment in full of the Guaranteed Liabilities, (b) of every other Guarantor (an "obligated guarantor"), to the payment in full of the Guarantors' Obligations of such obligated guarantor, and (c) of each other Person now or hereafter constituting a Loan Party, to the payment in full of the obligations of such Loan Party owing to any Secured

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5 207089383_4 Party and arising under the Loan Documents or any Secured Cash Management Agreement, Secured Hedge Agreement, Secured Card Related Products Agreement or Secured Bilateral Letters of Credit. All amounts due under such subordinated debts, liabilities, or obligations shall, upon the occurrence and during the continuance of an Event of Default, be collected and, upon request by the Administrative Agent, paid over forthwith to the Administrative Agent for the benefit of the Secured Parties on account of the Guaranteed Liabilities, the Guarantors' Obligations, or such other obligations, as applicable, and, after such request and pending such payment, shall be held by such Guarantor as agent and bailee of Secured Parties separate and apart from all other funds, property and accounts of such Guarantor. 7. Suits. Each Guarantor from time to time shall pay to the Administrative Agent for the benefit of the Secured Parties, on demand, at the Administrative Agent's Office or such other address as the Administrative Agent shall give notice of to such Guarantor, the Guarantors' Obligations as they become or are declared due, and in the event such payment is not made forthwith, the Administrative Agent may proceed to suit against any one or more or all of the Guarantors. At the Administrative Agent's election, one or more and successive or concurrent suits may be brought hereon by the Administrative Agent against any one or more or all of the Guarantors, whether or not suit has been commenced against any Borrower, any other Guarantor, or any other Person and whether or not the Secured Parties have taken or failed to take any other action to collect all or any portion of the Guaranteed Liabilities or have taken or failed to take any actions against any collateral securing payment or performance of all or any portion of the Guaranteed Liabilities, and irrespective of any event, occurrence, or condition described in Section 3 hereof. 8. Set-Off and Waiver. Each Guarantor waives any right to assert against any Secured Party as a defense, counterclaim, set-off, recoupment or cross claim in respect of its Guarantor's Obligations, any defense (legal or equitable) or other claim which such Guarantor may now or at any time hereafter have against any Borrower or any other Loan Party or any or all of the Secured Parties without waiving any additional defenses, set-offs, counterclaims or other claims otherwise available to such Guarantor. Each Guarantor agrees that each Secured Party can exercise set-off rights as set forth in Section 10.08 of the Credit Agreement. For the purposes of this Section 8, all remittances and property shall be deemed to be in the possession of a Secured Party as soon as the same may be put in transit to it by mail or carrier or by other bailee. 9. Waiver of Notice; Subrogation. (a) Each Guarantor hereby waives to the extent permitted by law notice of the following events or occurrences: (i) acceptance of this Guaranty Agreement; (ii) the Lenders' heretofore, now or from time to time hereafter making Loans and issuing Letters of Credit and otherwise loaning monies or giving or extending credit to or for the benefit of any Borrower or any other Loan Party, or otherwise entering into arrangements with any Loan Party giving rise to Guaranteed Liabilities, whether pursuant to the Credit Agreement or the Notes or any other Loan Document or Related Agreement or any amendments, modifications, or supplements thereto, or replacements or extensions thereof; (iii) presentment, demand, default, non-payment, partial payment and protest; and (iv) any other event, condition, or occurrence described in Section 3 hereof. Each Guarantor agrees that each Secured Party may heretofore, now or at any time hereafter do any or all of the foregoing in such manner, upon such terms and at such times as each Secured Party, in its sole and absolute discretion, deems advisable, without in any way or respect impairing, affecting, reducing or releasing such Guarantor from its Guarantor's Obligations, and each Guarantor hereby consents to each and all of the foregoing events or occurrences. (b) Each Guarantor hereby agrees that payment or performance by such Guarantor of its Guarantor's Obligations under this Guaranty Agreement may be enforced by the Administrative 6 207089383_4 Agent on behalf of the Secured Parties upon demand by the Administrative Agent to such Guarantor without the Administrative Agent being required, such Guarantor expressly waiving to the extent permitted by law any right it may have to require the Administrative Agent, to (i) prosecute collection or seek to enforce or resort to any remedies against any Borrower or any other Guarantor or any other guarantor of the Guaranteed Liabilities, or (ii) seek to enforce or resort to any remedies with respect to any security interests, Liens or encumbrances granted to the Administrative Agent or any Lender or other party to a Related Agreement by any Borrower, any other Guarantor or any other Person on account of the Guaranteed Liabilities or any guaranty thereof, including in either case any defense based upon an election of remedies by any Secured Party under the provisions of Sections 580a, 580b, 580d, and 726 of the California Code of Civil Procedure or any similar law of the State of California or any other jurisdiction. In making this waiver, each Guarantor specifically acknowledges that it understands and is aware that, under Sections 580b and 580d of the California Code of Civil Procedure, if the Secured Parties (or any of them) conducted a nonjudicial foreclosure sale of real property collateral: (i) such Secured Party(s) would lose the right to pursue the Borrowers for any deficiency that might remain following such sale; (ii) if such Guarantor were to pay such deficiency following such sale, it would be precluded from pursuing the Borrowers for reimbursement; and (iii) as a result, such Secured Party(s) would be prevented from pursuing such Guarantor for such deficiency following such sale. IT IS FURTHER EXPRESSLY UNDERSTOOD, ACKNOWLEDGED AND AGREED TO BY SUCH GUARANTOR THAT DEMAND UNDER THIS GUARANTY AGREEMENT MAY BE MADE BY THE ADMINISTRATIVE AGENT, AND THE PROVISIONS HEREOF ENFORCED BY THE ADMINISTRATIVE AGENT, EFFECTIVE AS OF THE FIRST DATE ANY EVENT OF DEFAULT OCCURS AND IS CONTINUING UNDER THE CREDIT AGREEMENT. (c) Each Guarantor further agrees with respect to this Guaranty Agreement that it shall have no right of subrogation, reimbursement, contribution or indemnity, nor any right of recourse to security for the Guaranteed Liabilities unless and until 93 days immediately following the Facility Termination Date shall have elapsed without the filing or commencement, by or against any Loan Party, of any state or federal action, suit, petition or proceeding seeking any reorganization, liquidation or other relief or arrangement in respect of creditors of, or the appointment of a receiver, liquidator, trustee or conservator in respect to, such Loan Party or its assets. This waiver is expressly intended to prevent the existence of any claim in respect to such subrogation, reimbursement, contribution or indemnity by any Guarantor against the estate of any other Loan Party within the meaning of Section 101 of the Bankruptcy Code, in the event of a subsequent case involving any other Loan Party. If an amount shall be paid to any Guarantor on account of such rights at any time prior to termination of this Guaranty Agreement in accordance with the provisions of Section 22 hereof, such amount shall be held in trust for the benefit of the Secured Parties and shall forthwith be paid to the Administrative Agent, for the benefit of the Secured Parties, to be credited and applied upon the Guarantors' Obligations, whether matured or unmatured, in accordance with the terms of the Credit Agreement or otherwise as the Secured Parties may elect. The agreements in this subsection shall survive repayment of all of the Guarantors' Obligations, the termination or expiration of this Guaranty Agreement in any manner, including but not limited to termination in accordance with Section 22 hereof, and occurrence of the Facility Termination Date. 10. Effectiveness; Enforceability. This Guaranty Agreement shall be effective as of the date first above written and shall continue in full force and effect until termination in accordance with Section 22 hereof. Any claim or claims that the Secured Parties may at any time hereafter have against a Guarantor under this Guaranty Agreement may be asserted by the Administrative Agent on behalf of the Secured Parties by written notice directed to such Guarantor in accordance with Section 24 hereof. 7 207089383_4 11. Representations and Warranties. Each Guarantor warrants and represents to the Administrative Agent, for the benefit of the Secured Parties, that it is duly authorized to execute and deliver this Guaranty Agreement (or the Guaranty Joinder Agreement to which it is a party, as applicable), and to perform its obligations under this Guaranty Agreement, that this Guaranty Agreement (or the Guaranty Joinder Agreement to which it is a party, as applicable) has been duly executed and delivered on behalf of such Guarantor by its duly authorized representatives; that this Guaranty Agreement (and any Guaranty Joinder Agreement to which such Guarantor is a party) is legal, valid, binding and enforceable against such Guarantor in accordance with its terms except as enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors' rights generally and by general equitable principles; and that such Guarantor's execution, delivery and performance of this Guaranty Agreement (and any Guaranty Joinder Agreement to which such Guarantor is a party) do not violate or constitute a breach of any of its Organization Documents, any agreement or instrument to which such Guarantor is a party, or any law, order, regulation, decree or award of any governmental authority or arbitral body to which it or its properties or operations is subject. 12. Expenses and Indemnity. Each Guarantor shall, jointly and severally, (a) pay all reasonable fees and expenses, including Attorneys' Costs, incurred by any Secured Party in connection with the enforcement of this Guaranty Agreement, whether or not suit be brought, and (b) indemnify each Indemnitee (which for purposes of this Guaranty Agreement shall include, without limitation, all Secured Parties), in each case, to the extent any Borrower would be required to do so pursuant to Section 10.04 of the Credit Agreement. The obligations of each Guarantor under this Section shall survive the payment in full of the Guarantors' Obligations and termination of this Guaranty Agreement. 13. Reinstatement. Each Guarantor agrees that this Guaranty Agreement shall continue to be effective or be reinstated, as the case may be, at any time payment received by any Secured Party in respect of any Guaranteed Liabilities is rescinded or must be restored for any reason, or is repaid by any Secured Party in whole or in part in good faith settlement of any pending or threatened avoidance claim. 14. Attorney-in-Fact. To the extent permitted by law, each Guarantor hereby appoints the Administrative Agent, for the benefit of the Secured Parties, as such Guarantor's attorney-in-fact for the purposes of carrying out the provisions of this Guaranty Agreement and taking any action and executing any instrument which the Administrative Agent may deem necessary or advisable to accomplish the purposes hereof, which appointment is coupled with an interest and is irrevocable; provided, that the Administrative Agent shall have and may exercise rights under this power of attorney only upon the occurrence and during the continuance of an Event of Default. 15. Reliance. Each Guarantor represents and warrants to the Administrative Agent, for the benefit of the Secured Parties, that: (a) such Guarantor has adequate means to obtain on a continuing basis (i) from the Borrowers, information concerning the Loan Parties and the Loan Parties' financial condition and affairs and (ii) from other reliable sources, such other information as it deems material in deciding to provide this Guaranty Agreement and any Guaranty Joinder Agreement ("Other Information"), and has full and complete access to the Loan Parties' books and records and to such Other Information; (b) such Guarantor is not relying on any Secured Party or its or their employees, directors, agents or other representatives or Affiliates, to provide any such information, now or in the future; (c) such Guarantor has been furnished with and reviewed the terms of the Credit Agreement and such other Loan Documents and Related Agreements as it has requested, is executing this Guaranty Agreement (or the Guaranty Joinder Agreement to which it is a party, as applicable) freely and deliberately, and understands the obligations and financial risk undertaken by providing this Guaranty Agreement (and any Guaranty Joinder Agreement); (d) such Guarantor has relied solely on the Guarantor's own independent investigation, appraisal and analysis of the Borrowers and other Loan Parties, such Persons' financial condition and affairs, the Other 8 207089383_4 Information, and such other matters as it deems material in deciding to provide this Guaranty Agreement (and any Guaranty Joinder Agreement) and is fully aware of the same; and (e) such Guarantor has not depended or relied on any Secured Party or its or their employees, directors, agents or other representatives or Affiliates, for any information whatsoever concerning any Borrower or any other Loan Party or such Person's financial condition and affairs or any other matters material to such Guarantor's decision to provide this Guaranty Agreement (and any Guaranty Joinder Agreement), or for any counseling, guidance, or special consideration or any promise therefor with respect to such decision. Each Guarantor agrees that no Secured Party has any duty or responsibility whatsoever, now or in the future, to provide to such Guarantor any information concerning any Borrower, any other Loan Party or such Persons' financial condition and affairs, or any Other Information, other than as expressly provided herein, and that, if such Guarantor receives any such information from any Secured Party or its or their employees, directors, agents or other representatives or Affiliates, such Guarantor will independently verify the information and will not rely on any Secured Party or its or their employees, directors, agents or other representatives or Affiliates, with respect to such information. 16. Rules of Interpretation. The rules of interpretation contained in Section 1.02 of the Credit Agreement shall be applicable to this Guaranty Agreement and each Guaranty Joinder Agreement and are hereby incorporated by reference. All representations and warranties contained herein shall survive the delivery of documents and any extension of credit referred to herein or guaranteed hereby. 17. Entire Agreement. This Guaranty Agreement and each Guaranty Joinder Agreement, together with the Credit Agreement and other Loan Documents, constitutes and expresses the entire understanding between the parties hereto with respect to the subject matter hereof, and supersedes all prior negotiations, agreements, understandings, inducements, commitments or conditions, express or implied, oral or written, except as herein contained. The express terms hereof control and supersede any course of performance or usage of the trade inconsistent with any of the terms hereof. Except as provided in Section 22, neither this Guaranty Agreement nor any Guaranty Joinder Agreement nor any portion or provision hereof or thereof may be changed, altered, modified, supplemented, discharged, canceled, terminated, or amended orally or in any manner other than as provided in the Credit Agreement. 18. Binding Agreement; Assignment. This Guaranty Agreement, each Guaranty Joinder Agreement and the terms, covenants and conditions hereof and thereof, shall be binding upon and inure to the benefit of the parties hereto and thereto, and to their respective heirs, legal representatives, successors and assigns; provided, however, that no Guarantor shall be permitted to assign any of its rights, powers, duties or obligations under this Guaranty Agreement, any Guaranty Joinder Agreement or any other interest herein or therein except as expressly permitted herein or in the Credit Agreement. Without limiting the generality of the foregoing sentence of this Section 18, any Lender may assign to one or more Persons, or grant to one or more Persons participations in or to, all or any part of its rights and obligations under the Credit Agreement (to the extent permitted by Section 10.06 of the Credit Agreement); and to the extent of any such assignment or participation such other Person shall, to the fullest extent permitted by law, thereupon become vested with all the benefits in respect thereof granted to such Lender herein or otherwise, subject however, to the provisions of the Credit Agreement, including Article IX thereof (concerning the Administrative Agent) and Section 10.06 thereof concerning assignments and participations. All references herein to the Administrative Agent shall include any successor thereof. 19. Secured Cash Management Agreements, Secured Hedge Agreements, Secured Card Related Products Agreements and Secured Bilateral Letters of Credit. No Cash Management Bank, Hedge Bank, Card Related Products Bank or LOC Bank that obtains the benefit of this Guaranty Agreement shall have any right to notice of any action or to consent to, direct or object to any action hereunder (including the release, impairment or modification of any Guarantors' Obligations or security therefor) other than in its capacity as a Lender and, in such case, only to the extent expressly provided in the Loan

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9 207089383_4 Documents. Notwithstanding any other provision of this Guaranty Agreement to the contrary, the Administrative Agent shall not be required to verify the payment of, or that other satisfactory arrangement have been made with respect to, the Secured Obligations arising under Secured Cash Management Agreements, Secured Hedge Agreements, Secured Card Related Products Agreements and Secured Bilateral Letters of Credit except to the extent expressly provided in the Credit Agreement and unless the Administrative Agent has received written notice of such Secured Obligations, together with such supporting documentation as it may request, from the applicable Cash Management Bank, Hedge Bank, Card Related Products Bank or LOC Bank, as the case may be. Each Cash Management Bank, Hedge Bank, Card Related Products Bank, or LOC Bank not a party to the Credit Agreement that obtains the benefit of this Guaranty Agreement shall be deemed to have acknowledged and accepted the appointment of the Administrative Agent pursuant to the terms of the Credit Agreement, and that with respect to the actions and omissions of the Administrative Agent hereunder or otherwise relating hereto that do or may affect such Cash Management Bank, Hedge Bank, Card Related Products Bank or LOC Bank, the Administrative Agent and each of its Related Parties shall be entitled to all the rights, benefits and immunities conferred under Article IX of the Credit Agreement. The Administrative Agent shall not be required to verify the payment of, or that other satisfactory arrangements have been made with respect to, Secured Obligations arising under Secured Cash Management Agreements, Secured Hedge Agreements, Secured Card Related Products Agreements and Secured Bilateral Letters of Credit in the case of a Facility Termination Date. 20. Severability. The provisions of this Guaranty Agreement are independent of and separable from each other. If any provision hereof shall for any reason be held invalid or unenforceable, such invalidity or unenforceability shall not affect the validity or enforceability of any other provision hereof, but this Guaranty Agreement shall be construed as if such invalid or unenforceable provision had never been contained herein. 21. Counterparts. This Guaranty Agreement may be executed in any number of counterparts each of which when so executed and delivered shall be deemed an original, and it shall not be necessary in making proof of this Guaranty Agreement to produce or account for more than one such counterpart executed by the Guarantors against whom enforcement is sought. Without limiting the foregoing provisions of this Section 21, the provisions of Sections 10.10 and 10.18 of the Credit Agreement shall be applicable to this Guaranty Agreement. 22. Termination. Subject to reinstatement pursuant to Section 13 hereof, this Guaranty Agreement and each Guaranty Joinder Agreement, and all of the Guarantors' Obligations hereunder (excluding those Guarantors' obligations relating to Guaranteed Liabilities that expressly survive such termination) shall terminate on the Facility Termination Date; provided, however, that any Guarantor shall be automatically released from its Guarantor's Obligations and this Guaranty Agreement with no further action on the part of any Person as provided in Section 9.10(b)(iii) of the Credit Agreement. 23. Remedies Cumulative; Late Payments. All remedies hereunder are cumulative and are not exclusive of any other rights and remedies of the Administrative Agent or any other Secured Party provided by law or under the Credit Agreement, the other Loan Documents or other applicable agreements or instruments. The making of the Loans and other credit extensions pursuant to the Credit Agreement and other Related Agreements shall be conclusively presumed to have been made or extended, respectively, in reliance upon each Guarantor's guaranty of the Guaranteed Liabilities pursuant to the terms hereof. Any amounts not paid when due under this Guaranty Agreement shall bear interest at the Default Rate. 24. Notices. Any notice required or permitted hereunder or under any Guaranty Joinder Agreement shall be given, (a) with respect to each Guarantor, at the address of the Company indicated in Schedule 10.02 of the Credit Agreement and (b) with respect to the Administrative Agent or any other 10 207089383_4 Secured Party, at the Administrative Agent's address indicated in Schedule 10.02 of the Credit Agreement. All such addresses may be modified, and all such notices shall be given and shall be effective, as provided in Section 10.02 of the Credit Agreement for the giving and effectiveness of notices and modifications of addresses thereunder. 25. Joinder. Each Person that shall at any time execute and deliver to the Administrative Agent a Guaranty Joinder Agreement substantially in the form attached as Exhibit A hereto shall thereupon irrevocably, absolutely and unconditionally become a party hereto and obligated hereunder as a Guarantor, and all references herein and in the other Loan Documents to the Guarantors or to the parties to this Guaranty Agreement shall be deemed to include such Person as a Guarantor hereunder. 26. Governing Law; Jurisdiction; Etc. (a) GOVERNING LAW. THIS GUARANTY AGREEMENT AND EACH GUARANTY JOINDER AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF CALIFORNIA. (b) SUBMISSION TO JURISDICTION. EACH GUARANTOR IRREVOCABLY AND UNCONDITIONALLY SUBMITS, FOR ITSELF AND ITS PROPERTY, TO THE NONEXCLUSIVE JURISDICTION OF THE COURTS OF THE STATE OF CALIFORNIA SITTING IN THE CITY AND COUNTY OF SAN FRANCISCO AND OF THE UNITED STATES DISTRICT COURT OF THE NORTHERN DISTRICT OF CALIFORNIA, AND ANY APPELLATE COURT FROM ANY THEREOF, IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS GUARANTY AGREEMENT OR ANY OTHER LOAN DOCUMENT, OR FOR RECOGNITION OR ENFORCEMENT OF ANY JUDGMENT, AND EACH OF THE PARTIES HERETO IRREVOCABLY AND UNCONDITIONALLY AGREES THAT ALL CLAIMS IN RESPECT OF ANY SUCH ACTION OR PROCEEDING MAY BE HEARD AND DETERMINED IN SUCH CALIFORNIA STATE COURT OR, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, IN SUCH FEDERAL COURT. EACH OF THE 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. NOTHING IN THIS GUARANTY AGREEMENT OR IN ANY OTHER LOAN DOCUMENT SHALL AFFECT ANY RIGHT THAT THE ADMINISTRATIVE AGENT OR ANY OTHER SECURED PARTY MAY OTHERWISE HAVE TO BRING ANY ACTION OR PROCEEDING RELATING TO THIS GUARANTY AGREEMENT OR ANY OTHER LOAN DOCUMENT AGAINST THE GUARANTORS OR THEIR RESPECTIVE PROPERTIES IN THE COURTS OF ANY JURISDICTION. (c) WAIVER OF VENUE. EACH GUARANTOR IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY OBJECTION THAT IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS GUARANTY AGREEMENT OR ANY OTHER LOAN DOCUMENT IN ANY COURT REFERRED TO IN PARAGRAPH (b) OF THIS SECTION. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, THE DEFENSE OF AN INCONVENIENT FORUM TO THE MAINTENANCE OF SUCH ACTION OR PROCEEDING IN ANY SUCH COURT. 11 207089383_4 (d) SERVICE OF PROCESS. EACH PARTY HERETO IRREVOCABLY CONSENTS TO SERVICE OF PROCESS IN THE MANNER PROVIDED FOR NOTICES IN SECTION 10.02 OF THE CREDIT AGREEMENT. NOTHING IN THIS GUARANTY AGREEMENT WILL AFFECT THE RIGHT OF ANY PARTY HERETO TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY APPLICABLE LAW. 27. Arbitration and Waiver of Jury Trial. (a) This Section concerns the resolution of any controversies or claims between the parties, whether arising in contract, tort or by statute, including but not limited to controversies or claims that arise out of or relate to: (i) this Guaranty Agreement (including any renewals, extensions or modifications); or (ii) any document related to this Guaranty Agreement (collectively a "Claim"). For the purposes of this arbitration provision only, the term "parties" shall include any parent corporation, subsidiary or affiliate of the Administrative Agent involved in the servicing, management or administration of the Obligations or any other obligation described in this Guaranty Agreement. (b) At the request of any party to this Guaranty Agreement, any Claim shall be resolved by binding arbitration in accordance with the Federal Arbitration Act (Title 9, U.S. Code) (the "Act"). The Act will apply even though this Guaranty Agreement provides that it is governed by the law of a specified state. The arbitration will take place on an individual basis without resort to any form of class action. (c) Arbitration proceedings will be determined in accordance with the Act, the then- current rules and procedures for the arbitration of financial services disputes of the American Arbitration Association or any successor thereof ("AAA"), and the terms of this Section. In the event of any inconsistency, the terms of this Section shall control. If AAA is unwilling or unable to (i) serve as the provider of arbitration or (ii) enforce any provision of this arbitration clause, the Administrative Agent may designate another arbitration organization with similar procedures to serve as the provider of arbitration. (d) The arbitration shall be administered by AAA and conducted, unless otherwise required by law, in the State of California. All Claims shall be determined by one arbitrator; however, if Claims exceed $5,000,000, upon the request of any party, the Claims shall be decided by three arbitrators. All arbitration hearings shall commence within ninety (90) days of the demand for arbitration and close within ninety (90) days of commencement and the award of the arbitrator(s) shall be issued within thirty (30) days of the close of the hearing. However, the arbitrator(s), upon a showing of good cause, may extend the commencement of the hearing for up to an additional sixty (60) days. The arbitrator(s) shall provide a concise written statement of reasons for the award. The arbitration award may be submitted to any court having jurisdiction to be confirmed, judgment entered and enforced. (e) The arbitrator(s) will give effect to statutes of limitation in determining any Claim and may dismiss the arbitration on the basis that the Claim is barred. For purposes of the application of the statute of limitations, the service on AAA under applicable AAA rules of a notice of Claim is the equivalent of the filing of a lawsuit. Any dispute concerning this arbitration provision or whether a Claim is arbitrable shall be determined by the arbitrator(s). The arbitrator(s) shall have the power to award legal fees pursuant to the terms of this Guaranty Agreement. (f) This Section does not limit the right of any party to: (i) exercise self-help remedies, such as but not limited to, setoff; (ii) initiate judicial or non-judicial foreclosure against any real or 12 207089383_4 personal property collateral; (iii) exercise any judicial or power of sale rights, or (iv) act in a court of law to obtain an interim remedy, such as but not limited to, injunctive relief, writ of possession or appointment of a receiver, or additional or supplementary remedies. (g) The filing of a court action is not intended to constitute a waiver of the right of any party, including the suing party, thereafter to require submittal of the Claim to arbitration. (h) BY AGREEING TO BINDING ARBITRATION, THE PARTIES IRREVOCABLY AND VOLUNTARILY WAIVE ANY RIGHT THEY MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY CLAIM. FURTHERMORE, WITHOUT INTENDING IN ANY WAY TO LIMIT THIS GUARANTY AGREEMENT TO ARBITRATE, TO THE EXTENT ANY CLAIM IS NOT ARBITRATED, THE PARTIES IRREVOCABLY AND VOLUNTARILY WAIVE ANY RIGHT THEY MAY HAVE TO A TRIAL BY JURY IN RESPECT OF SUCH CLAIM. THIS PROVISION IS A MATERIAL INDUCEMENT FOR THE PARTIES ENTERING INTO THIS GUARANTY AGREEMENT. 28. California Judicial Reference. If any action or proceeding is filed in a court of the State of California by or against any party hereto in connection with any of the transactions contemplated by this Guaranty Agreement or any other Loan Document, (a) the court shall, and is hereby directed to, make a general reference pursuant to California Code of Civil Procedure Section 638 to a referee (who shall be a single active or retired judge) to hear and determine all of the issues in such action or proceeding (whether of fact or of law) and to report a statement of decision, provided that at the option of any party to such proceeding, any such issues pertaining to a "provisional remedy" as defined in California Code of Civil Procedure Section 1281.8 shall be heard and determined by the court, and (b) without limiting the generality of Section 12, the Guarantors shall be solely responsible to pay all fees and expenses of any referee appointed in such action or proceeding. 29. Keepwell. Each Loan Party that is a Qualified ECP Guarantor at the time this Guaranty Agreement or the grant of the security interest under the Loan Documents, in each case, by any Specified Loan Party, becomes effective with respect to any Swap Obligation, hereby jointly and severally, absolutely, unconditionally and irrevocably undertakes to provide such funds or other support to each Specified Loan Party with respect to such Swap Obligation as may be needed by such Specified Loan Party from time to time to honor all of its obligations under this Guaranty Agreement and the other Loan Documents in respect of such Swap Obligation (but, in each case, only up to the maximum amount of such liability that can be hereby incurred without rendering such Qualified ECP Guarantor's obligations and undertakings under this Section 29 voidable under Applicable Law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations and undertakings of each Qualified ECP Guarantor under this Section 29 shall remain in full force and effect until the Obligations have been indefeasibly paid and performed in full. Each Qualified ECP Guarantor intends this Section 29 to constitute, and this Section 29 shall be deemed to constitute, a guarantee of the obligations of, and a "keepwell, support, or other agreement" for the benefit of, each Specified Loan Party for all purposes of the Commodity Exchange Act. For purposes of this Section 29, "Qualified ECP Guarantor" shall mean, at any time, each Loan Party with total assets exceeding $10,000,000 or that qualifies at such time as an "eligible contract participant" under the Commodity Exchange Act and can cause another person to qualify as an "eligible contract participant" at such time under §1a(18)(A)(v)(II) of the Commodity Exchange Act.

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13 207089383_4 30. Taxes. Any and all payments under this Guaranty Agreement by any Guarantor shall be made free and clear of, and without deduction or withholding for, any Taxes, all in accordance with the Credit Agreement. 31. Acknowledgement Regarding Any Supported QFCs. The provisions contained in Section 10.23 of the Credit Agreement shall be applicable to this Guaranty Agreement and each Guaranty Joinder Agreement and are hereby incorporated by reference. 32. Amendment and Restatement. Notwithstanding this amendment and restatement of the Existing Guaranty Agreement, (a) all of the indebtedness, liabilities and obligations owing by the Guarantors or any other Person under the Existing Guaranty Agreement shall continue as obligations hereunder, and shall be and remain secured by this Guaranty Agreement, and (b) the guaranty hereunder is given as a substitution of, and not as a payment of the indebtedness, liabilities and obligations of the Guarantors under, the Existing Guaranty Agreement and neither the execution and delivery of this Guaranty Agreement nor the consummation of any other transaction contemplated hereunder is intended to constitute a novation of the Existing Guaranty Agreement or the guaranty created thereunder. [Signature pages follow.] Fifth Amended and Restated Guaranty Agreement Signature Page IN WITNESS WHEREOF, the parties hereto have duly executed and delivered this Guaranty Agreement as of the day and year first written above. GUARANTORS: GRANITE CONSTRUCTION INCORPORATED By: /s/ Staci M. Woolsey Name: Staci M. Woolsey Title: Executive Vice President, Chief Financial Officer & Assistant Secretary GRANITE CONSTRUCTION COMPANY By: /s/ Staci M. Woolsey Name: Staci M. Woolsey Title: Executive Vice President, Chief Financial Officer & Assistant Secretary GILC INCORPORATED By: /s/ Staci M. Woolsey Name: Staci M. Woolsey Title: President & Chief Executive Officer LAYNE CHRISTENSEN COMPANY By: /s/ Staci M. Woolsey _________________________ Name: Staci M. Woolsey Title: Chief Financial Officer GRANITE SOUTHEAST COMPANY By: /s/ Staci M. Woolsey _________________________ Name: Staci M. Woolsey Title: Chief Financial Officer LEHMAN-ROBERTS COMPANY By: /s/ Staci M. Woolsey _________________________ Name: Staci M. Woolsey Title: Chief Financial Officer Granite Construction Incorporated Fifth Amended and Restated Guaranty Agreement Signature Page MEMPHIS STONE & GRAVEL COMPANY By: /s/ Staci M. Woolsey _________________________ Name: Staci M. Woolsey Title: Chief Financial Officer Granite Construction Incorporated Fifth Amended and Restated Guaranty Agreement Signature Page ADMINISTRATIVE AGENT: BANK OF AMERICA, N.A., as Administrative Agent By: /s/ Bridgett J. Manduk Mowry Name: Bridgett J. Manduk Mowry Title: Vice President

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&nbsp;&nbsp;&nbsp;&nbsp;A-1 207089383_4 EXHIBIT A Form of Guaranty Joinder Agreement GUARANTY JOINDER AGREEMENT THIS GUARANTY JOINDER AGREEMENT dated as of _____________, 20__ (this "Guaranty Joinder Agreement"), is made by _______________________________, a ________________ (the "Joining Guarantor"), in favor of BANK OF AMERICA, N.A., in its capacity as Administrative Agent (the "Administrative Agent") for the Secured Parties (as defined in the Guaranty Agreement referenced below; all capitalized terms used but not defined herein shall have the meanings given to such terms in such Guaranty Agreement). RECITALS: A. Granite Construction Incorporated, a Delaware corporation (the "Company") and certain of Subsidiaries of the Company are party to that certain Fifth Amended and Restated Guaranty Agreement dated as of August 5, 2025 (as in effect on the date hereof, the "Guaranty Agreement"). B. The Joining Guarantor is a Subsidiary of the Company and is required by the terms of the Credit Agreement to be joined as a party to the Guaranty Agreement as a Guarantor. C. The Joining Guarantor will materially benefit directly and indirectly from the making and maintenance of the extensions of credit made from time to time under the Credit Agreement, Secured Cash Management Agreements, Secured Hedge Agreements, Secured Card Related Products Agreements and Secured Bilateral Letters of Credit. In order to induce the Secured Parties to from time to time make and maintain extensions of credit under the Credit Agreement, Secured Cash Management Agreements, Secured Hedge Agreements, Secured Card Related Products Agreements and Secured Bilateral Letters of Credit, the Joining Guarantor hereby agrees as follows: 1. Joinder. The Joining Guarantor hereby irrevocably, absolutely and unconditionally becomes a party to the Guaranty Agreement as a Guarantor and bound by all the terms, conditions, obligations, liabilities and undertakings of each Guarantor or to which each Guarantor is subject thereunder, including without limitation the joint and several, unconditional, absolute, continuing and irrevocable guarantee to the Administrative Agent for the benefit of the Secured Parties of the payment and performance in full of the Guaranteed Liabilities (as defined in the Guaranty Agreement) whether now existing or hereafter arising, all with the same force and effect as if the Joining Guarantor were a signatory to the Guaranty Agreement. 2. Affirmations. The Joining Guarantor hereby acknowledges and reaffirms as of the date hereof with respect to itself, its properties and its affairs each of the waivers, representations, warranties, acknowledgements and certifications applicable to any Guarantor contained in the Guaranty Agreement. 3. Severability. The provisions of this Guaranty Joinder Agreement are independent of and separable from each other. If any provision hereof shall for any reason be held invalid or unenforceable, such invalidity or unenforceability shall not affect the validity or enforceability of any other provision hereof, but this Guaranty Joinder Agreement shall be construed as if such invalid or unenforceable provision had never been contained herein. 207089383_4 A-2 4. Counterparts. This Guaranty Joinder Agreement may be executed in any number of counterparts each of which when so executed and delivered shall be deemed an original, and it shall not be necessary in making proof of this Guaranty Joinder Agreement to produce or account for more than one such counterpart executed by the Joining Guarantor. Without limiting the foregoing provisions of this Section 4, the provisions of Sections 10.10 and 10.18 of the Credit Agreement shall be applicable to this Guaranty Joinder Agreement. 5. Delivery. The Joining Guarantor hereby irrevocably waives notice of acceptance of this Guaranty Joinder Agreement and acknowledges that the Guaranteed Liabilities are and shall be deemed to be incurred, and credit extensions under the Loan Documents, Secured Cash Management Agreements, Secured Hedge Agreements, Secured Card Related Products Agreements and Secured Bilateral Letters of Credit made and maintained, in reliance on this Guaranty Joinder Agreement and the Joining Guarantor's joinder as a party to the Guaranty Agreement as herein provided. 6. Governing Law; Jurisdiction; Arbitration; Waiver of Jury Trial; Etc. The provisions of Sections 26 and 27 of the Guaranty Agreement are hereby incorporated by reference as if fully set forth herein. [Signature page follows.] 207089383_4 A-3 IN WITNESS WHEREOF, the Joining Guarantor has duly executed and delivered this Guaranty Joinder Agreement as of the day and year first written above. JOINING GUARANTOR: __________________________________________ By:_______________________________________ Name: ____________________________________ Title: ____________________________________

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