# EDGAR Filing Document

**Accession Number:** 0001831097
**File Stem:** 0001628280-26-007671
**Filing Date:** 2026-2
**Character Count:** 997144
**Document Hash:** 2494f7f614bf27b2742e6998709d63a1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001628280-26-007671.hdr.sgml**: 20260212

**ACCESSION NUMBER**: 0001628280-26-007671

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 249

**CONFORMED PERIOD OF REPORT**: 20260212

**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**: 20260212

**DATE AS OF CHANGE**: 20260212

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** agilon health, inc.
- **CENTRAL INDEX KEY:** 0001831097
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-MISC HEALTH & ALLIED SERVICES, NEC [8090]
- **ORGANIZATION NAME:** 08 Industrial Applications and Services
- **EIN:** 371915147
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-40332
- **FILM NUMBER:** 26626260

**BUSINESS ADDRESS:**
- **STREET 1:** 440 POLARIS PARKWAY
- **STREET 2:** SUITE 550
- **CITY:** WESTERVILLE
- **STATE:** OH
- **ZIP:** 43082
- **BUSINESS PHONE:** 562-256-3800

**MAIL ADDRESS:**
- **STREET 1:** 440 POLARIS PARKWAY
- **STREET 2:** SUITE 550
- **CITY:** WESTERVILLE
- **STATE:** OH
- **ZIP:** 43082

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Agilon Health Topco, Inc.
- **DATE OF NAME CHANGE:** 20201103

?xml version='1.0' encoding='ASCII'? agl-20260212

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON, D.C. 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): February 12, 2026**

_____________________________________________

**agilon health, inc.**

**(Exact name of Registrant as Specified in Its Charter)**

_____________________________________________

---

| | | |
|:---|:---|:---|
| **Delaware** | **001-40332** | **37-1915147** |
| **(State or Other Jurisdiction**<br>**of Incorporation)** | **(Commission File Number)** | **(IRS Employer**<br>**Identification No.)** |
| **440 Polaris Parkway, Suite 550** | | |
| **Westerville, Ohio** | | **43082** |
| **(Address of Principal Executive Offices)** | | **(Zip Code)** |

---

**Registrant's Telephone Number, Including Area Code: 562 256-3800**

**Not Applicable**

**(Former Name or Former Address, if Changed Since Last Report)**

_____________________________________________

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:

□ 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:**

---

| | | |
|:---|:---|:---|
| **Title of each class** | **Trading**<br>**Symbol(s)** | **Name of each exchange on which registered** |
| Common stock, par value $0.01 per share | AGL | The New York Stock Exchange |

---

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. □

------

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

On February 12, 2026 (the "Third Amendment Effective Date"), agilon health, inc. (the "Company"), agilon health management, inc. (f/k/a agilon health, inc.) (the "Management") and Agilon Health Intermediate Holdings, Inc. ("Holdings"), entered into the Third Amendment (the "Amendment") to the Credit Agreement, dated as of February 18, 2021 (as previously amended by the First Amendment to the Credit Agreement, dated as of March 1, 2021, and the Second Amendment to the Credit Agreement, dated as of May 25, 2023, the "Existing Credit Agreement" and, as amended, the "Credit Agreement"), among Management, Holdings, the Subsidiary Guarantors party thereto, J.P. Morgan Chase Bank, N.A., as administrative agent, and the other lenders and issuers from time to time party thereto, which modified certain terms of Management's Existing Credit Agreement, including the amendments set forth below.

The Amendment, among other changes, (a) extended the stated maturity date from February 18, 2026 to February 18, 2028; (b) amended certain covenant "baskets" to be measured as a percentage of EBITDA rather than, or as an alternative to, Consolidated Total Assets; (c) required that Management maintain a minimum of $50 million in Total Cash as of the end of each Business Day; (d) conditioned certain payments, including dividends, to Holdings under the available amount "basket" on the Company achieving positive EBITDA for two consecutive trailing four-quarter periods each ending after the Third Amendment Effective Date; (e) required that any reduction in outstanding letters of credit be accompanied by a corresponding prepayment of term loans; (f) reduced the aggregate amount of revolving credit commitments from $100.0 million to $90.0 million; and (g) required cash collateralization at 103% of the amount of each letter of credit outstanding immediately prior to the Third Amendment Effective Date.

Substantially concurrently with the effectiveness of the Amendment, the Company executed and delivered an unsecured guaranty of Management's obligations under the Credit Agreement (the "Parent Guaranty").

All capitalized terms used herein, but not defined herein, shall have the meanings ascribed to such terms in the Amendment. The foregoing description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the Amendment, which is filed as Exhibit 10.1 hereto 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 disclosure set forth above under Item 1.01 with respect to the Amendment is incorporated by reference into this Item 2.03.

**Item 9.01 Financial Statements and Exhibits.**

(d)Exhibits

---

| | |
|:---|:---|
| **Exhibit**<br>**Number** | **Description** |
| 10.1 | <u>[Third Amendment to Credit Agreement, dated as of February 12, 2026, among agilon health, inc., agilon health management, inc. (f/k/a agilon health, inc.), Agilon Health Intermediate Holdings, Inc., the Subsidiary Guarantors party thereto, the Lenders and Issuers from time to time party thereto and J.P. Morgan Chase Bank, N.A., as administrative agent.](ex101creditagreementamendm.htm)</u> |
| 10.2 | <u>[Parent Guaranty, dated as of February 12, 2026, between agilon health, inc., in favor of J.P. Morgan Chase Bank, N.A., as administrative agent for itself, and the Lenders and Issuers from time to time party thereto.](ex102parentguaranty.htm)</u> |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

---

------

**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 thereunto duly authorized.

---

| | | | |
|:---|:---|:---|:---|
| | | | agilon health, inc. |
| Date: | February 12, 2026 | By: | /s/ JEFFREY SCHWANEKE |
|  |  |  | Jeffrey Schwaneke<br>Chief Financial Officer |

---

## Exhibit 10.1

***ExecutionVersion***

THIRDAMENDMENTTOCREDITAGREEMENT

THIRDAMENDMENTTOCREDITAGREEMENT,datedasofFebruary12, 2026(this

"<u>Third</u><u>Amendment</u>"),totheCreditAgreementreferredtobelow,betweenagilonhealth

management,inc.(f/k/aagilonhealth,inc.),aDelawarecorporation(the"<u>Borrower</u>"),Agilon

Health Intermediate Holdings, Inc., a Delaware corporation ("H<u>oldings")</u>, agilon health, inc., a

Delawarecorporation("<u>Parent</u>"),theSubsidiaryGuarantorspartyhereto,theLenders(which

Lenders comprise all of the Lenders after giving effect to the Third Amendment Repayment and

Termination (as defined below)), the Issuers (which Issuers comprise all of the Issuers after

givingeffect to the Third Amendment Repayment and Termination) and JPMorgan Chase Bank,

N.A., asAdministrative Ag<u>ent (the "Administrat</u>ive Agent").

RECITALS

WHEREAS,theBorrower,Holdings,theAdministrativeAgent,theLendersfromtimeto

time party thereto and the Issuers are party to a Credit Agreement dated as of February 18, 2021

(as amended by the First Amendment to Credit Agreement, dated as of March 1, 2021, as further

amendedbytheSecondAmendmenttoCreditAgreement,datedasofMay25, 2023,andasfurther

amended,restated,amendedandrestated,supplemented,waivedorotherwisemodifiedfromtime

totime,the"<u>Credit</u><u>Agreement</u>",andasamendedbythisThirdAmendment,the"<u>Amended</u><u>Credit</u>

<u>Agreement</u>"); and

WHEREAS, pursuant to *Section 11.1(a)* of the Credit Agreement, the Borrower, the

AdministrativeAgent,theLenders(whichLenderscomprisealloftheLendersaftergivingeffect

totheThirdAmendmentRepaymentandTermination)andtheIssuers(whichIssuerscompriseall

of the Issuers after giving effect to the Third Amendment Repayment and Termination), as

applicable, desire to amend the Credit Agreement as set forth in *Section 2* of this Third

Amendment.

WHEREAS,pursuantto*Section11.1(d)*oftheCreditAgreement,theBorrowerdesiresto

prepay the Loans and terminate the Revolving Credit Commitments (the "<u>Third Amendment</u>

<u>Repayment</u><u>and</u><u>Termination</u>")oftheLenderthathasrefusedtoconsenttothisThirdAmendment

(the "<u>Non-Consenting Lender</u>") (it being understood that this Amendment shall constitute notice

totheAdministrativeAgentandtheNon-ConsentingLenderofsuchprepaymentandtermination

in accordance with *Section 11.1(d)* of the Credit Agreement).

NOW,THEREFORE,inconsiderationofthepremisesandtheagreements,provisionsand

covenants herein contained, as well as other good and valuable consideration, the receipt and

sufficiency of which are hereby acknowledged, the parties hereto agree to amend the Credit

Agreement, and the Credit Agreement is hereby amended as follows:

SECTION1.<u>Defined Terms</u>.Capitalized terms used but not defined herein shall have

the meanings assigned to such terms in the Credit Agreement.

SECTION2.<u>Amendment of the Credit Agreement</u>.On and after the Third Amendment

Effective Date (as defined below):

2<br>

(a)the Credit Agreement is hereby amended to delete the stricken text (indicated

textually in the same manner as the following example: stricken text) and to add the double-

underlined text (indicated textually in the same manner as the following example: <u>double-</u>

<u>underlined</u><u>text</u>)assetforthinthepagesoftheAmendedCreditAgreementattachedas<u>Exhibit</u><u>A</u>

hereto, which such Amended Credit Agreement shall supersede the Credit Agreement;

(b)*Exhibit W* to the Credit Agreement is hereby amended and replaced in its entirety

with *Exhibit W* attached hereto as <u>Exhibit B</u>;

(c)*Schedule I* to the Credit Agreement is hereby amended and replaced in its entirety

with *Schedule I* attached hereto as <u>Schedule I</u>; and

(d)*Schedule 1.1(b)* to the Credit Agreement is hereby amended and replaced in its

entirety with *Schedule 1.1(b)* attached hereto as <u>Schedule 1.1(b)</u>.

SECTION3.<u>Conditions Precedent</u>.The effectiveness of this Third Amendment is

subject to the satisfaction of each of the following conditions (the date of the satisfaction of all

such conditions, the "<u>Third Amendment Effective Date</u>"):

(a)TheAdministrativeAgent(oritscounsel)shallhavereceivedfromParent,eachof

the Loan Parties, each Lender and each Issuer (after giving effect to the Third Amendment

Repayment and Termination) either (x) a counterpart of this Third Amendment signed on behalf

of such party or (y) written evidence reasonably satisfactory to the Administrative Agent (which

may include delivery of a signed signature page of this Third Amendment by facsimile or other

means of electronic transmission (e.g., "pdf")) that such party has signed a counterpart of this

Third Amendment.

(b)The representations and warranties set forth in *Article IV* of the Credit Agreement

andintheotherLoanDocumentsshallbetrueandcorrectinallmaterialrespectsonandasofthe

Third Amendment Effective Date, except to the extent such representations and warranties

expresslyrelatetoanearlierdate,inwhichcasesuchrepresentationandwarrantiesshallhavebeen

true and correct in all material respects as of such earlier date.

(c)At the time of and immediately after the Third Amendment Effective Date, no

Default or Event of Default shall have occurred and be continuing.

(d)TheAdministrativeAgentshallhavereceived:

(i)a favorable opinion of (A)Debevoise & Plimpton LLP, special New York

counsel to Parent and the Loan Parties as to such matters as reasonably requested by the

Administrative Agent, in form and substance reasonably acceptable to the Administrative

Agent and (B) Richards, Layton & Finger, P.A., special Delaware counsel to Parent and

certainoftheLoanPartiesastosuchmattersasreasonablyrequestedbytheAdministrative

Agent, in form and substance reasonably acceptable to the Administrative Agent;

(ii)a certificate dated as of a recent date from the Secretary of State of the

jurisdictionoforganizationofParentandeachLoanPartyattestingtothegoodstandingof

Parent and each such Loan Party;

3<br>

(iii)acopyoftheConstituentDocumentofParentandeachLoanParty,certified

(ifappropriateinsuchjurisdiction)asofarecentdatebytheSecretaryofStateofthestate

oforganization(orotherappropriateofficial)ofParentandsuchLoanParty,asapplicable;

(iv)a certificate of the secretary or an assistant secretary (or other appropriate

officer)ofParentandeachLoanPartycertifying(A)thenamesandtruesignaturesofeach

officerofParentandsuchLoanParty,asapplicable,orotherauthorizedsignatorythathas

beenauthorizedtoexecuteanddeliverthisThirdAmendmentorotherdocumentrequired

hereunder to be executed and delivered by or on behalf of Parent or such Loan Party, as

applicable,(B)theby-laws(orequivalentConstituentDocument)ofParentandsuchLoan

Party, as applicable, as in effect on the date of such certification, (C)the resolutions of

Parent's and such Loan Party's Board of Directors (or equivalent governing body), as

applicable, approving and authorizing the execution, delivery and performance of this

Third Amendment and the other Loan Documents to which it is a party and(D)that there

have been no changes in the certificate of incorporation (or equivalent Constituent

Document)ofParentorsuchLoanParty,asapplicable,fromthecertificateofincorporation

(or equivalent Constituent Document) delivered pursuant to this clause (iv);

(v)a certificate of the chief financial officer of the Borrower in the form of

Exhibit T to the Credit Agreement certifying as to the Solvency, after giving effect to

effectiveness of this Third Amendment on the Third Amendment Effective Date, of the

Borrower and its Subsidiaries on a combined basis;

(vi)a certificate of a Responsible Officer of Borrower certifying that

substantially concurrently with the effectiveness of this Third Amendment on the Third

AmendmentEffectiveDate,theconditionssetforthin*Sections3(b)*and*3(c)*ofthisThird

Amendment have been satisfied; and

(vii)the results of customary lien and judgment searches made with respect to

eachLoanPartyandrequestedbytheAdministrativeAgentpriortotheThirdAmendment

Effective Date.

(e)TheAdministrativeAgentshallhavereceived,atleastthree(3)BusinessDaysprior

totheThirdAmendmentEffectiveDate,alldocumentationandinformationreasonablyrequested

in writing by the Administrative Agent, at least ten (10) calendar days prior to the Third

Amendment Effective Date, about Parent and the Loan Parties required by U.S. regulatory

authorities under applicable "know your customer" and anti-money laundering rules and

regulations, including without limitation the PATRIOT Act and the CDD Rule.

(f)There shall have been paid (x) to the Lenders all fees required to be paid on or

before the Third Amendment Effective Date pursuant to this Third Amendment (including the

Extension Fee (as defined below)) and (y) all fees and expenses required to be paid as separately

agreed in writing between the Borrower and any of the Lenders (or their respective affiliates).

(g)TheAdministrativeAgentshallhave received aguarantysubstantiallyintheform

of <u>Exhibit C</u> attached hereto, duly executed and delivered by Parent.

4<br>

(h)WithrespecttoeachLetterofCreditoutstandingimmediatelypriortogivingeffect

to this Third Amendment on the Third Amendment Effective Date, an amount equal to 103% of

suchLetterofCreditshallhavebeendepositedinaCashCollateralAccountorsuchotheraccount

asmaybeagreedbytheBorrowerandtheapplicableIssuer,ineachcase,ontermssatisfactoryto

the applicable Issuer.

(i)The Borrower shall have paid to the Administrative Agent, for the account of the

Non-ConsentingLender,allprincipal,accruedandunpaidfeesandinterest,andanyamountsowed

pursuantto*Section2.14(e)*oftheCreditAgreement,ineachcase,inrespectoftheNon-Consenting

Lender's Loansand/or Commitments;

SECTION4.<u>Representations and Warranties</u>.In order to induce the Administrative

Agent, the Lenders and the Issuers, as applicable, to enter into this Third Amendment, the

BorrowerherebyrepresentsandwarrantstotheAdministrativeAgent,theLendersandtheIssuers,

as applicable, on and as of the date hereof that:

(a)The execution, delivery and performance by Parent and each Loan Party of this

Third Amendment and the consummation of the transactions contemplated hereby:

(i)are within Parent's and such Loan Party's corporate, limited liability

company, partnership or other powers;

(ii)have been duly authorized by all necessary corporate, limited liability

company, partnership or other similar action, including the consent of shareholders,

partners and members where required;

(iii)do not and will not (A) contravene Parent's or such Loan Party's or any of

such Loan Party's Restricted Subsidiaries' respective Constituent Documents in any

respecttoParentoraLoanPartyotherthantheBorroweroranySubsidiaryGuarantorthat

is a Significant Subsidiary that would reasonably be expected to have a Material Adverse

Effect, (B) violate any otherRequirement ofLaw applicableto Parent orsuch Loan Party

(including Regulations T, U and X of the Federal Reserve Board), or any order or decree

ofanyGovernmentalAuthorityorarbitratorapplicabletoParentorsuchLoanPartyinany

respect that would reasonably be expected tohave aMaterial Adverse Effect, (C)conflict

with or result in the breach of, or constitute a default under, or result in or permit the

terminationoraccelerationof,anymaterialContractualObligationofParentorsuchLoan

Party or any of such Loan Party's Restricted Subsidiaries in any respect that would

reasonably be expected to have a Material Adverse Effect or (D) result in the creation or

impositionofanyLienuponanypropertyofParentorsuchLoanPartyoranyofsuchLoan

Party'sRestrictedSubsidiaries,otherthanthoseinfavorof,orcollaterallyassignedto,the

Secured Parties, as the case may be, pursuant to the Collateral Documents; and

(iv)do not require the consent of, authorization by, approval of, notice to, or

filingorregistrationwith,anyGovernmentalAuthorityoranyotherPerson,otherthan(A)

those that have been or will be, prior to the date hereof, obtained or made, and each of

5<br>

whichonthedatehereofwillbeinfullforceandeffect, (B)withrespectto theCollateral,

filingsrequiredtoperfecttheLienscreatedbytheCollateralDocumentsand(C)thosethe

6<br>

failureofwhichtoobtaincouldnotreasonablybeexpectedtoresultinaMaterialAdverse

Effect.

(b)This Third Amendment has been duly executed and delivered by Parent and each

LoanPartypartyhereto.ThisThirdAmendmentisthelegal,validandbindingobligationofParent

andeachLoanParty,enforceableagainstParentandsuchLoanPartyinaccordancewithitsterms

subjectonlytoapplicablelawsrelatingto(i)bankruptcy,insolvency,reorganization,moratorium

![floatingimage_0.jpg](floatingimage_0.jpg)

or creditors' rights generally and (<u>ii</u>)general equitable principles including the discretion that a

court may exercise in the granting of equitable remedies.

(c)NoDefaultorEventofDefaulthasoccurredoriscontinuing.

SECTION 5.<u>Effects on Loan Documents</u>.

(a)Exceptasspecificallyamendedherein,allLoanDocumentsshallcontinuetobein

full force and effect and are hereby in all respects ratified and confirmed.

(b)The execution, delivery and effectiveness of this Third Amendment shall not

operate as a waiver of any right, power or remedy of any Lender, any Issuer, the Administrative

Agent or the Collateral Agent under any of the Loan Documents, nor constitute a waiver of any

provision of the Loan Documents or in any way limit, impair or otherwise affect the rights and

remedies of the Administrative Agent, the Collateral Agent, the Issuers or the Lenders under the

Loan Documents.

(c)TheBorrowerandtheotherpartiesheretoacknowledgeandagreethat,onandafter

the date hereof, this Third Amendment shall constitute a Loan Document for all purposes of the

Amended Credit Agreement.After the date hereof, any reference in any Loan Document to the

Credit Agreement shall mean the Amended Credit Agreement.

(d)By its execution hereof, each of Holdings and the Borrower hereby expressly

agrees,withrespecttoeachLoanDocumenttowhichitisaparty(a)allofitsobligations,liabilities

andindebtednessundersuchLoanDocumentshallremaininfullforceandeffectonacontinuous

basisregardlessoftheeffectivenessofthisThird Amendment,(b)nothingcontainedinthisThird

Amendment shall be construed as a substitution or novation of its obligations, liabilities and

and arising under such Loan Document remain in full force and effect on a continuous basis,

regardless of the effectiveness of this Third Amendment, as collateral security for itsobligations,

liabilities and indebtedness under the Amended Credit Agreement and related Guaranty.

SECTION6.<u>Fees;</u><u>Costs</u><u>and</u><u>Expenses</u>.

(a)Immediately prior to the effectiveness of this Third Amendment on the Third

Amendment Effective Date, the Borrower shall pay to each Lender, for its own account, a fee

equal to 0.50% (collectively, the "<u>Extension Fee</u>") of the aggregate principal amount of

CommitmentsandLoansofsuchLenderoutstandingimmediatelypriortotheeffectivenessofthis

Third Amendment on the Third Amendment Effective Date . The Extension Fee shall be fully

7<br>

earned, due and payable upon the occurrence of the Third Amendment Effective Date. The

Extension Fee shall not be refundable under any circumstances.

8<br>

(b)The Borrower hereby reconfirms its obligations pursuant to *Section 11.3* of the

CreditAgreementtopayandreimbursetheAdministrativeAgent,theLendersandtheIssuers,as

applicable,forallreasonablecostsandexpenses(including,withoutlimitation,reasonablefeesof

counsel) incurred in connection with the negotiation, preparation, execution and delivery of this

Third Amendment and all other documents and instruments delivered in connection herewith.

SECTION7.<u>Applicable Law</u>.This Third Amendment and the rights and obligations of

thepartiesheretoshallbegovernedby,andconstruedandinterpretedinaccordancewith,thelaw

of the State of New York.

SECTION8.<u>Execution</u><u>in</u><u>Counterparts</u>.ThisThirdAmendmentmaybeexecutedinany

number of counterparts (including by facsimile or other electronic transmission (i.e., a "pdf" or

"tiff"))andbydifferentpartiesinseparatecounterparts, eachofwhichwhenso executedshallbe

deemed to be an original and all of which taken together shall constitute one and the same

agreement.Signaturepagesmaybedetachedfrommultipleseparatecounterpartsandattachedto

asinglecounterpartsothatallsignaturepagesareattachedtothesamedocument.Deliveryofan

executed counterpart hereof by facsimile or electronic mail shall be effective as delivery of a

manually executed counterpart hereof.

SECTION9.<u>Headings</u>.Section and subsection headings in this Third Amendment are

included herein for convenience of reference only and shall not constitute a part of this Third

Amendment for any other purpose or be given any substantive effect.

[Signature Page to Third Amendment to agilon Credit Agreement]

IN WITNESS WHEREOF, the parties hereto have caused this Third Amendment to be executed by their

respective officers thereunto duly authorized, as of the date first above written.

agilon health intermediate holdings, inc. *as*

*Holdings*

By: <u>/s/ DENISE ZAMORE______________</u>

Name:Denise Zamore

Title:Secretary

agilon health, inc. *as Parent*

By: <u>/s/ DENISE ZAMORE______________</u>

Name:Denise Zamore

Title:Chief Legal Officer and

Corporate Secretary

[Signature Page to Third Amendment to agilon Credit Agreement]

agilon health management, inc. *as the Borrower*

By: <u>/s/ DENISE ZAMORE______________</u>

Name:Denise Zamore

Title:Secretary

[Signature Page to Third Amendment to agilon Credit Agreement]

Acknowledgment and Consent

By its execution hereof, each of the Subsidiary Guarantors party hereto hereby expressly agrees,

with respect to each Loan Document to which it is a party (a) all of its obligations, liabilities and

indebtedness under such Loan Document shall remain in full force and effect on a continuous

basis regardless of the effectiveness of this Third Amendment, (b) nothing contained in this

Third Amendment shall be construed as a substitution or novation of its obligations, liabilities

and indebtedness under such Loan Document and (c) all of the liens and security interests created

by and arising under such Loan Document remain in full force and effect on a continuous basis,

regardless of the effectiveness of this Third Amendment, as collateral security for its obligations,

liabilities and indebtedness under the Amended Credit Agreement and related Guaranty.

agilon health Coastal ACO, Inc.

By: <u>/s/ DENISE ZAMORE____________</u>

Name: Denise Zamore

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title: Secretary

agilon health Kentucky ACO, Inc.

By: <u>/s/ DENISE ZAMORE____________</u>

Name: Denise Zamore

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title: Secretary

agilon health Michigan ACO, Inc.

By: <u>/s/ DENISE ZAMORE____________</u>

Name: Denise Zamore

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title: Secretary

Agilon health Mid-Atlantic ACO, Inc.

[Signature Page to Third Amendment to agilon Credit Agreement]

By: <u>/s/ KENNETH BELLENDIR_______</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Name: Kenneth Bellendir

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title: Vice President

agilon health Northeastern ACO, Inc.

By: <u>/s/ KENNETH BELLENDIR_______</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Name: Kenneth Bellendir

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title: Secretary

agilon health Northeast Ohio ACO, Inc.

By: <u>/s/ DENISE ZAMORE____________</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Name: Denise Zamore

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title: Secretary

agilon health Columbus Ohio ACO, Inc.

By: <u>/s/ DENISE ZAMORE____________</u>

Name: Denise Zamore

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title: Secretary

agilon health Ohio ACO, Inc.

By: <u>/s/ KENNETH BELLENDIR_______</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Name: Kenneth Bellendir

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title: Secretary

agilon health Pennsylvania ACO, Inc.

By: <u>/s/ DENISE ZAMORE____________</u>

Name: Denise Zamore

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title: Secretary

[Signature Page to Third Amendment to agilon Credit Agreement]

agilon health technology corporation

By: <u>/s/ DENISE ZAMORE____________</u>

Name: Denise Zamore

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title: Secretary

agilon health Texas ACO, Inc.

By: <u>/s/ DENISE ZAMORE____________</u>

Name: Denise Zamore

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title: Secretary

Agilon New York Holdco, Inc.

By: <u>/s/ DENISE ZAMORE____________</u>

Name: Denise Zamore

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title: Secretary

Buffalo IPA, Inc.

By: <u>/s/ DENISE ZAMORE____________</u>

Name: Denise Zamore

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title: Secretary

Buffalo RBE, Inc.

By: <u>/s/ DENISE ZAMORE____________</u>

Name: Denise Zamore

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title: Secretary

[Signature Page to Third Amendment to agilon Credit Agreement]

Central Illinois RBE, Inc.

By: <u>/s/ DENISE ZAMORE____________</u>

Name: Denise Zamore

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title: Secretary

Connecticut Holdco, Inc.

By: <u>/s/ DENISE ZAMORE____________</u>

Name: Denise Zamore

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title: Secretary

Connecticut RBE, Inc.

By: <u>/s/ DENISE ZAMORE____________</u>

Name: Denise Zamore

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title: Secretary

Core Care Holdings, Inc.

By: <u>/s/ DENISE ZAMORE____________</u>

Name: Denise Zamore

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title: Secretary

Core Care Select, Inc.

By: <u>/s/ DENISE ZAMORE____________</u>

Name: Denise Zamore

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title: Secretary

Core Care Select – Akron, Inc.

By: <u>/s/ BENJAMIN SHAKER_______</u>

[Signature Page to Third Amendment to agilon Credit Agreement]

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Name: Benjamin Shaker

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title: CEO/President/Secretary

Core Care Select – Columbus, Inc.

By: <u>/s/ DENISE ZAMORE____________</u>

Name: Denise Zamore

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title: Secretary

Core Care Select – Dayton, Inc.

By: <u>/s/ BENJAMIN SHAKER_______</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Name: Benjamin Shaker

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title: CEO/President/Secretary

Core Care Select – Southeast Ohio, Inc.

By: <u>/s/ KENNETH BELLENDIR_______</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Name: Kenneth Bellendir

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title: CFO

Core Care Select – Toledo, Inc.

By: <u>/s/ KENNETH BELLENDIR_______</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Name: Kenneth Bellendir

Title: Vice President

Core Care Select West Ohio, Inc.

By: <u>/s/ BENJAMIN SHAKER_______</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Name: Benjamin Shaker

&nbsp;&nbsp;&nbsp;&nbsp;Title: Chief Executive Officer

Cyber-Pro Systems, Inc.

[Signature Page to Third Amendment to agilon Credit Agreement]

By: <u>/s/ DENISE ZAMORE____________</u>

Name: Denise Zamore

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title: Secretary

Georgia Holdco, LLC

By: <u>/s/ DENISE ZAMORE____________</u>

Name: Denise Zamore

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title: Secretary

Georgia RBE – Northeast, LLC

By: <u>/s/ DENISE ZAMORE____________</u>

Name: Denise Zamore

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title: Secretary

Illinois Holdco, Inc.

By: <u>/s/ DENISE ZAMORE____________</u>

Name: Denise Zamore

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title: Secretary

Kentucky Holdco, Inc.

By: <u>/s/ DENISE ZAMORE____________</u>

Name: Denise Zamore

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title: Secretary

Kentucky RBE, Inc.

By: <u>/s/ DENISE ZAMORE____________</u>

Name: Denise Zamore

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title: Secretary

[Signature Page to Third Amendment to agilon Credit Agreement]

Kentucky – SE RBE, Inc.

By: <u>/s/ DENISE ZAMORE____________</u>

Name: Denise Zamore

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title: Secretary

Maine Holdco, Inc.

By: <u>/s/ DENISE ZAMORE____________</u>

Name: Denise Zamore

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title: Secretary

Maine RBE, Inc.

By: <u>/s/ DENISE ZAMORE____________</u>

Name: Denise Zamore

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title: Secretary

Michigan Holdco, Inc.

By: <u>/s/ DENISE ZAMORE____________</u>

Name: Denise Zamore

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title: Secretary

Michigan RBE, Inc.

By: <u>/s/ DENISE ZAMORE____________</u>

Name: Denise Zamore

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title: Secretary

Michigan RBE – UP, Inc.

By: <u>/s/ DENISE ZAMORE____________</u>

Name: Denise Zamore

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title: Secretary

[Signature Page to Third Amendment to agilon Credit Agreement]

Minnesota Holdco, Inc.

By: <u>/s/ DENISE ZAMORE____________</u>

Name: Denise Zamore

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title: Secretary

Minnesota – Southern RBE, Inc.

By: <u>/s/ DENISE ZAMORE____________</u>

Name: Denise Zamore

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title: Secretary

Minnesota – Twin Cities RBE, Inc.

By: <u>/s/ DENISE ZAMORE____________</u>

Name: Denise Zamore

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title: Secretary

North Carolina Holdco, LLC

By: <u>/s/ DENISE ZAMORE____________</u>

Name: Denise Zamore

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title: Secretary

North Carolina RBE, Inc.

By: <u>/s/ KENNETH BELLENDIR_______</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Name: Kenneth Bellendir

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title: VP/Secretary

North Carolina RBE – Greensboro, LLC

By: <u>/s/ DENISE ZAMORE____________</u>

[Signature Page to Third Amendment to agilon Credit Agreement]

Name: Denise Zamore

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title: Secretary

North Carolina RBE – Piedmont, Inc.

By: <u>/s/ DENISE ZAMORE____________</u>

Name: Denise Zamore

Title: Vice President and Secretary

North Carolina RBE – Pinehurst, Inc.

By: <u>/s/ DENISE ZAMORE____________</u>

Name: Denise Zamore

Title: Vice President and Secretary

Pennsylvania Holdco, LLC

By: <u>/s/ DENISE ZAMORE____________</u>

Name: Denise Zamore

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title: Secretary

Pennsylvania RBE – Central, LLC

By: <u>/s/ DENISE ZAMORE____________</u>

Name: Denise Zamore

Title: Vice President and Secretary

Pittsburgh RBE, Inc.

By: <u>/s/ DENISE ZAMORE____________</u>

Name: Denise Zamore

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title: Secretary

South Carolina Holdco, LLC

[Signature Page to Third Amendment to agilon Credit Agreement]

By: <u>/s/ DENISE ZAMORE____________</u>

Name: Denise Zamore

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title: Secretary

South Carolina RBE – Liberty, Inc.

By: <u>/s/ DENISE ZAMORE____________</u>

Name: Denise Zamore

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title: Vice President and Secretary

South Carolina RBE, Inc.

By: <u>/s/ DENISE ZAMORE____________</u>

Name: Denise Zamore

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title: Secretary

Syracuse IPA, Inc.

By: <u>/s/ KENNETH BELLENDIR_______</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Name: Kenneth Bellendir

Title: Chief Financial and Treasurer

Tennessee Holdco, Inc.

By: <u>/s/ DENISE ZAMORE____________</u>

Name: Denise Zamore

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title: Secretary

Tennessee RBE, Inc.

By: <u>/s/ DENISE ZAMORE____________</u>

Name: Denise Zamore

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title: Vice President and Secretary

[Signature Page to Third Amendment to agilon Credit Agreement]

Texas East RBE, Inc.

By: <u>/s/ DENISE ZAMORE____________</u>

Name: Denise Zamore

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title: Vice President and Secretary

Texas Holdco, Inc.

By: <u>/s/ DENISE ZAMORE____________</u>

Name: Denise Zamore

&nbsp;&nbsp;&nbsp;&nbsp;Title: Secretary

Texas RBE, Inc.

By: <u>/s/ KENNETH BELLENDIR_______</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Name: Kenneth Bellendir

&nbsp;&nbsp;&nbsp;&nbsp;Title: Secretary and Treasurer

Texas RBE – Dallas, Inc.

By: <u>/s/ DENISE ZAMORE____________</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Name: Denise Zamore

Title: Vice President and Secretary

[Signature Page to Third Amendment to agilon Credit Agreement]

JPMorgan Chase bank, N.A.,

*as Administrative Agent, a Lender and an Issuer*

By: <u>/s/ WILLIAM R. DOOLITTLE________</u>

Name: William R. Doolittle

Title: Executive Director

[Signature Page to Third Amendment to agilon Credit Agreement]

Bank of America, N.A.,

*as a Lender and an Issuer*

By: <u>/s/ JOSEPH L. CORAH____________</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Name: Joseph L. Corah

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title: Managing Director

[Signature Page to Third Amendment to agilon Credit Agreement]

WELLS FARGO BANK, NATIONAL ASSOCIATION,

*as a Lender and an Issuer*

By: <u>/s/ EUGENE STUNSON______________</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Name: Eugene Stunson

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title: Executive Director

[Signature Page to Third Amendment to agilon Credit Agreement]

DEUTSCHE BANK AG NEW YORK BRANCH,

*as a Lender and an Issuer*

By: <u>/s/ PHIL TANCORRA___________________</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Name: Phil Tancorra

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title: Director

By: <u>/s/ SUZAN ONAL___________________</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Name: Suzan Onal

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title: Director

**SCHEDULE** <br>**I**<br>**to the Credit** <br>**Agreement**<br>

**SCHEDULE I:Commitments**

*CommitmentsandProRata Shares*

**InitialRevolvingCreditCommitment**

---

| | | |
|:---|:---|:---|
| **Lender** | **Commitment** | **Pro Rata Share** |
| JPMorgan Chase Bank, N.A. | $25000000.00 | 27.7777777777778% |
| Bankof America, N.A. | $25000000.00 | 27.7777777777778% |
| WellsFargoBank,National <br>Association<br>| $25000000.00 | 27.7777777777778% |
| DeutscheBankAGNewYork Branch | $15000000.00 | 16.6666666666667% |
| **TOTAL** | **$90000000.00** | **100.0000000000000%** |

---

**LetterofCredit Allocation**

---

| | | |
|:---|:---|:---|
| **Lender** | **Commitment** | **Pro Rata Share** |
| JPMorgan Chase Bank, N.A. | $38000000.00 | 42.2222222222223% |
| Bankof America, N.A. | $20000000.00 | 22.2222222222222% |
| WellsFargoBank,National <br>Association<br>| $20000000.00 | 22.2222222222222% |
| DeutscheBankAGNewYork Branch | $12000000.00 | 13.3333333333333% |
| **TOTAL** | **$90000000.00** | **100.0000000000000%** |

---

**SCHEDULE**<br>**1.1(b)**<br>**totheCredit**<br>**Agreement**<br>

**SCHEDULE1.1(b):ExistingLettersofCredit**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **<u>Letter</u><u>of</u> <u>Credit</u>** | **<u>Amount</u>** | **<u>Issuance</u><u>Date</u>** | **<u>Expiry</u><u>Date</u>** | **<u>Account</u> <u>Party</u>** | **<u>Issuing</u> <u>Bank</u>** |
| 68179442 | $265608.00 | 17-Mar-22 | 6-Feb-27 | agilon health <br>management,inc.<br>| BankofAmerica,N.A. |
| 68179783 | $912686.00 | 31-Mar-22 | 6-Feb-27 | agilon health <br>management,inc.<br>| BankofAmerica,N.A. |
| 68179784 | $1930460.00 | 31-Mar-22 | 6-Feb-27 | agilon health <br>management,inc.<br>| BankofAmerica,N.A. |
| 68179785 | $136992.00 | 31-Mar-22 | 6-Feb-27 | agilon health <br>management,inc.<br>| BankofAmerica,N.A. |
| 68179786 | $121692.00 | 31-Mar-22 | 6-Feb-27 | agilon health <br>management,inc.<br>| BankofAmerica,N.A. |
| 68199987 | $1100000.00 | 24-Jul-24 | 6-Feb-27 | agilon health <br>management,inc.<br>| BankofAmerica,N.A. |
| 68199992 | $700000.00 | 24-Jul-24 | 31-Dec-27 | agilon health <br>management,inc.<br>| BankofAmerica,N.A. |
| 68199993 | $1400000.00 | 24-Jul-24 | 31-Dec-27 | agilon health <br>management,inc.<br>| BankofAmerica,N.A. |
| 68199994 | $1500000.00 | 24-Jul-24 | 31-Dec-26 | agilon health <br>management,inc.<br>| BankofAmerica,N.A. |
| 68199995 | $550000.00 | 24-Jul-24 | 31-Dec-27 | agilon health <br>management,inc.<br>| BankofAmerica,N.A. |
| 68199996 | $700000.00 | 24-Jul-24 | 31-Dec-27 | agilon health <br>management,inc.<br>| BankofAmerica,N.A. |
| 68199997 | $900000.00 | 24-Jul-24 | 31-Dec-26 | agilon health <br>management,inc.<br>| BankofAmerica,N.A. |
| 68199998 | $973400.00 | 18-Jul-24 | 31-Dec-27 | agilon health <br>management,inc.<br>| BankofAmerica,N.A. |
| 68200015 | $5700000.00 | 24-Jul-24 | 31-Dec-26 | agilon health <br>management,inc.<br>| BankofAmerica,N.A. |
| BOA68179782 | $2285286.00 | 31-Mar-22 | 6-Feb-27 | agilon health <br>management,inc.<br>| BankofAmerica,N.A. |
| IS000358782U | $231400.00 | 28-Mar-23 | 31-Dec-26 | agilon health <br>management,inc.<br>| Wells Fargo Bank, <br>NationalAssociation<br>|
| IS000359448U | $396200.00 | 28-Mar-23 | 31-Dec-26 | agilon health <br>management,inc.<br>| Wells Fargo Bank, <br>NationalAssociation<br>|
| IS000359463U | $1400000.00 | 21-Jun-23 | 5-Feb-27 | agilon health <br>management,inc.<br>| Wells Fargo Bank, <br>NationalAssociation<br>|

---

**SCHEDULE**<br>**1.1(b)**<br>**totheCredit**<br>**Agreement**<br>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| IS000359464U | $2500000.00 | 3-Jul-23 | 31-Dec-26 | agilon health <br>management,inc.<br>| Wells Fargo Bank, <br>NationalAssociation<br>|
| IS000364256U | $3500000.00 | 31-May-23 | 31-Dec-26 | agilon health <br>management,inc.<br>| Wells Fargo Bank, <br>NationalAssociation<br>|
| IS000388710U | $500000.00 | 16-Aug-23 | 5-Feb-27 | agilon health <br>management,inc.<br>| Wells Fargo Bank, <br>NationalAssociation<br>|
| IS000594415U | $536174.00 | 9-Feb-26 | 9-Feb-27 | agilon health <br>management,inc.<br>| Wells Fargo Bank, <br>NationalAssociation<br>|
| LDCM-0807 | $1300000.00 | 29-Jul-25 | 5-Feb-27 | agilon health <br>management,inc.<br>| DeutscheBankAG <br>NewYorkBranch<br>|
| LDCM-0816 | $1267860.00 | 21-Aug-25 | 5-Feb-27 | agilon health <br>management,inc.<br>| DeutscheBankAG <br>NewYorkBranch<br>|
| NUSCGS036610 | $900000.00 | 22-Apr-21 | 5-Feb-27 | agilon health <br>management,inc.<br>| JPMorganChaseBank, <br>N.A.<br>|
| NUSCGS038918 | $1900000.00 | 31-Dec-21 | 5-Feb-27 | agilon health <br>management,inc.<br>| JPMorganChaseBank, <br>N.A.<br>|
| NUSCGS039671 | $1000000.00 | 26-Jul-21 | 5-Feb-27 | agilon health <br>management,inc.<br>| JPMorganChaseBank, <br>N.A.<br>|
| NUSCGS055810 | $29762823.00 | 5-Mar-25 | 5-Feb-27 | agilon health <br>management,inc.<br>| JPMorganChaseBank, <br>N.A.<br>|

---

<u>Exhibit</u><u>A</u>

![image_5.jpg](image_5.jpg)

![floatingimage_645.jpg](floatingimage_645.jpg)

**<u>Exhibit</u><u>A</u><u>to</u><u>Third</u> <u>Amendment</u>**

![floatingimage_2.jpg](floatingimage_2.jpg)

**CREDITAGREEMENT**

**Dated as of February 18, 2021**

![floatingimage_645.jpg](floatingimage_645.jpg)

**(as amended by the First Amendment to Credit Agreement, dated as of March 1, 2021, and**

**as further amended by the Second Amendment to Credit Agreement, dated as of May 25,**![floatingimage_968.jpg](floatingimage_968.jpg)

**2023<u>, and as further amended by the Third Amendment to Credit Agreement, dated as of</u>**

**<u>February 12, 2026</u>)**

**among**

![floatingimage_388a.jpg](floatingimage_388a.jpg)

**<u>AGILON</u><u>HEALTH</u><u>MANAGEMENT,</u><u>INC.</u><u>(</u><u>F</u><u>/</u><u>K</u><u>/</u><u>A</u>AGILONHEALTH,INC.),**

![floatingimage_5.jpg](floatingimage_5.jpg)

***asBorrower***

**AGILONHEALTHINTERMEDIATEHOLDINGS,INC., *as Holdings***

**THELENDERSANDISSUERSPARTYHERETO**,

**JPMORGAN CHASE BANK, N.A., *as AdministrativeAgent***

**and**

**JPMORGANCHASEBANK,N.A.** 

**BANK OF AMERICA, N.A.**

**WELLS FARGO SECURITIES, LLC** 

**DEUTSCHEBANKSECURITIESINC.**

![floatingimage_388a.jpg](floatingimage_388a.jpg)

**NOMURASECURITIESINTERNATIONAL,INC.**

***as Joint Lead Arrangers and Joint Bookrunners***

![floatingimage_2.jpg](floatingimage_2.jpg)

![image_5.jpg](image_5.jpg)

**TABLEOFCONTENTS**

![floatingimage_82.jpg](floatingimage_82.jpg)

![floatingimage_40.jpg](floatingimage_40.jpg)

![floatingimage_91.jpg](floatingimage_91.jpg)

**<u>Page</u>**

![floatingimage_82.jpg](floatingimage_82.jpg)

![floatingimage_59.jpg](floatingimage_59.jpg)

![floatingimage_91.jpg](floatingimage_91.jpg)

![floatingimage_17.jpg](floatingimage_17.jpg)

![floatingimage_40.jpg](floatingimage_40.jpg)

![floatingimage_40.jpg](floatingimage_40.jpg)

![floatingimage_59.jpg](floatingimage_59.jpg)

![floatingimage_165.jpg](floatingimage_165.jpg)

![floatingimage_91.jpg](floatingimage_91.jpg)

![floatingimage_82.jpg](floatingimage_82.jpg)

![floatingimage_59.jpg](floatingimage_59.jpg)

![floatingimage_91.jpg](floatingimage_91.jpg)

![floatingimage_40.jpg](floatingimage_40.jpg)

![floatingimage_59.jpg](floatingimage_59.jpg)

![floatingimage_82.jpg](floatingimage_82.jpg)

![floatingimage_59.jpg](floatingimage_59.jpg)

![floatingimage_165.jpg](floatingimage_165.jpg)

ARTICLEIDEFINITIONS,INTERPRETATIONANDACCOUNTINGTERMS1

![floatingimage_91.jpg](floatingimage_91.jpg)

![floatingimage_82.jpg](floatingimage_82.jpg)

![floatingimage_59.jpg](floatingimage_59.jpg)

![floatingimage_91.jpg](floatingimage_91.jpg)

![floatingimage_82.jpg](floatingimage_82.jpg)

![floatingimage_59.jpg](floatingimage_59.jpg)

![floatingimage_82.jpg](floatingimage_82.jpg)

![floatingimage_59.jpg](floatingimage_59.jpg)

![floatingimage_165.jpg](floatingimage_165.jpg)

![floatingimage_91.jpg](floatingimage_91.jpg)

![floatingimage_59.jpg](floatingimage_59.jpg)

![floatingimage_91.jpg](floatingimage_91.jpg)

![floatingimage_40.jpg](floatingimage_40.jpg)

![floatingimage_59.jpg](floatingimage_59.jpg)

![floatingimage_82.jpg](floatingimage_82.jpg)

![floatingimage_59.jpg](floatingimage_59.jpg)

Section 1.1DefinedTerms1

![floatingimage_91.jpg](floatingimage_91.jpg)

![floatingimage_91.jpg](floatingimage_91.jpg)

![floatingimage_82.jpg](floatingimage_82.jpg)

![floatingimage_59.jpg](floatingimage_59.jpg)

![floatingimage_9.jpg](floatingimage_9.jpg)

![floatingimage_83.jpg](floatingimage_83.jpg)

Section 1.2Computation of Time Periods62<u>59</u>

![floatingimage_91.jpg](floatingimage_91.jpg)

![floatingimage_82.jpg](floatingimage_82.jpg)

![floatingimage_59.jpg](floatingimage_59.jpg)

Section 1.3Accounting Terms and Principles62<u>60</u>

![floatingimage_91.jpg](floatingimage_91.jpg)

![floatingimage_82.jpg](floatingimage_82.jpg)

![floatingimage_59.jpg](floatingimage_59.jpg)

Section 1.4Certain Terms66<u>62</u>

![floatingimage_91.jpg](floatingimage_91.jpg)

![floatingimage_82.jpg](floatingimage_82.jpg)

![floatingimage_59.jpg](floatingimage_59.jpg)

Section 1.5LoanDocument Definitions68<u>64</u>

![floatingimage_91.jpg](floatingimage_91.jpg)

![floatingimage_82.jpg](floatingimage_82.jpg)

![floatingimage_59.jpg](floatingimage_59.jpg)

![floatingimage_91.jpg](floatingimage_91.jpg)

![floatingimage_82.jpg](floatingimage_82.jpg)

![floatingimage_59.jpg](floatingimage_59.jpg)

![floatingimage_645.jpg](floatingimage_645.jpg)

ARTICLEIITHEFACILITIES68<u>65</u>

![floatingimage_91.jpg](floatingimage_91.jpg)

![floatingimage_91.jpg](floatingimage_91.jpg)

![floatingimage_82.jpg](floatingimage_82.jpg)

![floatingimage_59.jpg](floatingimage_59.jpg)

![floatingimage_91.jpg](floatingimage_91.jpg)

![floatingimage_82.jpg](floatingimage_82.jpg)

![floatingimage_59.jpg](floatingimage_59.jpg)

![floatingimage_11.jpg](floatingimage_11.jpg)

Section 2.1The Initial Commitments68<u>65</u>

![floatingimage_91.jpg](floatingimage_91.jpg)

Section 2.2Borrowing Procedures68<u>65</u>

Section 2.3[Reserved]70<u>66</u>

Section 2.4Letters of Credit70<u>66</u>

Section2.5ReductionandTerminationoftheRevolvingCreditCommitments75<u>71</u>

Section 2.6Repayment of Loans75<u>71</u>

Section 2.7Evidence of Debt75<u>72</u>

Section 2.8Optional Prepayments76<u>73</u>

Section 2.9Mandatory Prepayments85<u>80</u>

Section 2.10Interest88<u>83</u>

Section 2.11Conversion/Continuation Option88<u>84</u>

Section 2.12Fees89<u>85</u>

Section 2.13Payments and Computations90<u>86</u>

![floatingimage_12.jpg](floatingimage_12.jpg)

<u>88</u>

<u>91</u>

Section 2.14Special Provisions Governing Daily Simple SOFR Rate Loans and

![floatingimage_91.jpg](floatingimage_91.jpg)

TermSOFRRateLoans93

![floatingimage_91.jpg](floatingimage_91.jpg)

Section 2.15Capital Adequacy95

Section2.16Taxes96<u>91</u>Section2.17

MitigationandSubstitutionofLenders101<u>96</u>Section2.18[Reserved]

102<u>97</u>Section2.19CashCollateral102<u>97</u>Section

2.20DefaultingLender103<u>98</u>Section 2.21

![floatingimage_165.jpg](floatingimage_165.jpg)

Incremental Facilities106

<u>100</u>

<u>102</u>

[Section](#iad1a9e81199c4713ac92baa1f8cde18e_157)[2.22](#iad1a9e81199c4713ac92baa1f8cde18e_157)[Extension](#iad1a9e81199c4713ac92baa1f8cde18e_157)[of](#iad1a9e81199c4713ac92baa1f8cde18e_157)[Term](#iad1a9e81199c4713ac92baa1f8cde18e_157)[Loans](#iad1a9e81199c4713ac92baa1f8cde18e_157)[and](#iad1a9e81199c4713ac92baa1f8cde18e_157)[Revolving](#iad1a9e81199c4713ac92baa1f8cde18e_157)[Credit](#iad1a9e81199c4713ac92baa1f8cde18e_157)[Commitments](#iad1a9e81199c4713ac92baa1f8cde18e_157)[108](#iad1a9e81199c4713ac92baa1f8cde18e_157)

[Section](#iad1a9e81199c4713ac92baa1f8cde18e_160)[2.23](#iad1a9e81199c4713ac92baa1f8cde18e_160)[Permitted Debt](#iad1a9e81199c4713ac92baa1f8cde18e_160)[Exchanges](#iad1a9e81199c4713ac92baa1f8cde18e_160)[111](#iad1a9e81199c4713ac92baa1f8cde18e_160)

<u>105</u>

<u>106</u>

[Section](#iad1a9e81199c4713ac92baa1f8cde18e_163)[2.24](#iad1a9e81199c4713ac92baa1f8cde18e_163)[Specified Refinancing](#iad1a9e81199c4713ac92baa1f8cde18e_163)[Facilities](#iad1a9e81199c4713ac92baa1f8cde18e_163)[113](#iad1a9e81199c4713ac92baa1f8cde18e_163)

![floatingimage_645.jpg](floatingimage_645.jpg)

ARTICLEIIICONDITIONSTOLOANSANDLETTERSOFCREDIT115<u>108</u>

![floatingimage_165.jpg](floatingimage_165.jpg)

![floatingimage_9.jpg](floatingimage_9.jpg)

<u>108</u>

<u>111</u>

<u>111</u>

<u>112</u>

Section 3.1Conditions Precedent to Initial Term Loans115

![floatingimage_165.jpg](floatingimage_165.jpg)

Section 3.2ConditionsPrecedent to Each Loan and Letter of Credit118

![floatingimage_165.jpg](floatingimage_165.jpg)

Section 3.3Determinations of Initial Borrowing Conditions118

![floatingimage_165.jpg](floatingimage_165.jpg)

Section 3.4Additional Conditions to Issuances118

![floatingimage_165.jpg](floatingimage_165.jpg)

![floatingimage_645.jpg](floatingimage_645.jpg)

[ARTICLE](#iad1a9e81199c4713ac92baa1f8cde18e_172)[IV REPRESENTATIONS AND](#iad1a9e81199c4713ac92baa1f8cde18e_172) [WARRANTIES](#iad1a9e81199c4713ac92baa1f8cde18e_172)[119](#iad1a9e81199c4713ac92baa1f8cde18e_172)<u>[112](#iad1a9e81199c4713ac92baa1f8cde18e_172)</u>

![floatingimage_165.jpg](floatingimage_165.jpg)

![floatingimage_16.jpg](floatingimage_16.jpg)

<u>112</u>

<u>112</u>

<u>112</u>

Section 4.1Organization,GoodStanding,Power,Etc119

![floatingimage_165.jpg](floatingimage_165.jpg)

Section 4.2Capitalization of the Loan Parties119

![floatingimage_165.jpg](floatingimage_165.jpg)

[Section](#iad1a9e81199c4713ac92baa1f8cde18e_175)[4.3](#iad1a9e81199c4713ac92baa1f8cde18e_175)[Corporate Power; Authorization; Enforceable](#iad1a9e81199c4713ac92baa1f8cde18e_175)[Obligations](#iad1a9e81199c4713ac92baa1f8cde18e_175)[119](#iad1a9e81199c4713ac92baa1f8cde18e_175)

![floatingimage_165.jpg](floatingimage_165.jpg)

i

![image_5.jpg](image_5.jpg)

![floatingimage_93.jpg](floatingimage_93.jpg)

<u>113</u>

<u>113</u>

<u>113</u>

<u>114</u>

<u>114</u>

<u>114</u>

<u>115</u>

<u>115</u>

<u>115</u>

<u>116</u>

<u>117</u>

<u>117</u>

<u>117</u>

<u>118</u>

<u>118</u>

<u>118</u>

<u>118</u>

<u>118</u>

<u>118</u>

<u>118</u>

[Section](#iad1a9e81199c4713ac92baa1f8cde18e_178)[4.4](#iad1a9e81199c4713ac92baa1f8cde18e_178)[Financial Statements and Other](#iad1a9e81199c4713ac92baa1f8cde18e_178)[Information](#iad1a9e81199c4713ac92baa1f8cde18e_178)[120](#iad1a9e81199c4713ac92baa1f8cde18e_178)

![floatingimage_165.jpg](floatingimage_165.jpg)

![floatingimage_165.jpg](floatingimage_165.jpg)

![floatingimage_109.jpg](floatingimage_109.jpg)

Section 4.5Material Adverse Effect120

![floatingimage_165.jpg](floatingimage_165.jpg)

![floatingimage_165.jpg](floatingimage_165.jpg)

![floatingimage_95.jpg](floatingimage_95.jpg)

Section 4.6Taxes120

![floatingimage_165.jpg](floatingimage_165.jpg)

[Section](#iad1a9e81199c4713ac92baa1f8cde18e_181)[4.7](#iad1a9e81199c4713ac92baa1f8cde18e_181)[Real](#iad1a9e81199c4713ac92baa1f8cde18e_181)[Property](#iad1a9e81199c4713ac92baa1f8cde18e_181)[121](#iad1a9e81199c4713ac92baa1f8cde18e_181)

![floatingimage_165.jpg](floatingimage_165.jpg)

[Section](#iad1a9e81199c4713ac92baa1f8cde18e_184)[4.8](#iad1a9e81199c4713ac92baa1f8cde18e_184)[\[Reserved\]](#iad1a9e81199c4713ac92baa1f8cde18e_184)[121](#iad1a9e81199c4713ac92baa1f8cde18e_184)

![floatingimage_165.jpg](floatingimage_165.jpg)

Section 4.9Intellectual Property Rights121

![floatingimage_165.jpg](floatingimage_165.jpg)

[Section](#iad1a9e81199c4713ac92baa1f8cde18e_187)[4.10](#iad1a9e81199c4713ac92baa1f8cde18e_187)[Litigation](#iad1a9e81199c4713ac92baa1f8cde18e_187)[122](#iad1a9e81199c4713ac92baa1f8cde18e_187)

[Section](#iad1a9e81199c4713ac92baa1f8cde18e_190)[4.11](#iad1a9e81199c4713ac92baa1f8cde18e_190)[Compliance with Law;](#iad1a9e81199c4713ac92baa1f8cde18e_190)[Authorizations](#iad1a9e81199c4713ac92baa1f8cde18e_190)[122](#iad1a9e81199c4713ac92baa1f8cde18e_190)

![floatingimage_165.jpg](floatingimage_165.jpg)

[Section](#iad1a9e81199c4713ac92baa1f8cde18e_193)[4.12](#iad1a9e81199c4713ac92baa1f8cde18e_193)[Environmental](#iad1a9e81199c4713ac92baa1f8cde18e_193)[Matters](#iad1a9e81199c4713ac92baa1f8cde18e_193)[122](#iad1a9e81199c4713ac92baa1f8cde18e_193)

![floatingimage_165.jpg](floatingimage_165.jpg)

[Section](#iad1a9e81199c4713ac92baa1f8cde18e_196)[4.13](#iad1a9e81199c4713ac92baa1f8cde18e_196)[Labor](#iad1a9e81199c4713ac92baa1f8cde18e_196) [Matters](#iad1a9e81199c4713ac92baa1f8cde18e_196)[123](#iad1a9e81199c4713ac92baa1f8cde18e_196)

![floatingimage_165.jpg](floatingimage_165.jpg)

[Section](#iad1a9e81199c4713ac92baa1f8cde18e_199)[4.14](#iad1a9e81199c4713ac92baa1f8cde18e_199)[ERISA](#iad1a9e81199c4713ac92baa1f8cde18e_199) [Matters](#iad1a9e81199c4713ac92baa1f8cde18e_199)[124](#iad1a9e81199c4713ac92baa1f8cde18e_199)

![floatingimage_165.jpg](floatingimage_165.jpg)

[Section](#iad1a9e81199c4713ac92baa1f8cde18e_202)[4.15](#iad1a9e81199c4713ac92baa1f8cde18e_202)[Full](#iad1a9e81199c4713ac92baa1f8cde18e_202)[Disclosure](#iad1a9e81199c4713ac92baa1f8cde18e_202)[124](#iad1a9e81199c4713ac92baa1f8cde18e_202)

![floatingimage_165.jpg](floatingimage_165.jpg)

Section 4.16Use of Proceeds125

![floatingimage_165.jpg](floatingimage_165.jpg)

Section 4.17Margin Regulations125

![floatingimage_165.jpg](floatingimage_165.jpg)

Section 4.18InvestmentCompanyAct;OtherRegulations125

![floatingimage_165.jpg](floatingimage_165.jpg)

Section 4.19Solvency125

![floatingimage_123.jpg](floatingimage_123.jpg)

Section 4.20Insurance125

![floatingimage_123.jpg](floatingimage_123.jpg)

Section 4.21No Default125

![floatingimage_123.jpg](floatingimage_123.jpg)

Section 4.22Patriot Act125

![floatingimage_123.jpg](floatingimage_123.jpg)

Section 4.23Anti-Corruption Laws and Sanctions126

![floatingimage_123.jpg](floatingimage_123.jpg)

[ARTICLE](#iad1a9e81199c4713ac92baa1f8cde18e_205)[V FINANCIAL](#iad1a9e81199c4713ac92baa1f8cde18e_205) [COVENANT](#iad1a9e81199c4713ac92baa1f8cde18e_205)[126](#iad1a9e81199c4713ac92baa1f8cde18e_205)<u>[118](#iad1a9e81199c4713ac92baa1f8cde18e_205)</u>

![floatingimage_94.jpg](floatingimage_94.jpg)

![floatingimage_123.jpg](floatingimage_123.jpg)

![floatingimage_16.jpg](floatingimage_16.jpg)

Section 5.1Maximum Leverage Ratio.126<u>119</u>

Section 5.2[Reserved]126<u>Minimum</u><u>Total</u><u>Cash119</u>

![floatingimage_165.jpg](floatingimage_165.jpg)

![floatingimage_98.jpg](floatingimage_98.jpg)

Section 5.3Minimum Liquidity.127<u>119</u>

![floatingimage_165.jpg](floatingimage_165.jpg)

![floatingimage_645.jpg](floatingimage_645.jpg)

ARTICLEVIREPORTINGCOVENANTS127<u>119</u>

![floatingimage_165.jpg](floatingimage_165.jpg)

![floatingimage_100.jpg](floatingimage_100.jpg)

<u>119</u>

<u>121</u>

<u>121</u>

<u>121</u>

<u>122</u>

<u>122</u>

<u>122</u>

Section 6.1Financial Statements127

![floatingimage_165.jpg](floatingimage_165.jpg)

Section 6.2Default Notices129

![floatingimage_165.jpg](floatingimage_165.jpg)

Section 6.3Litigation129

![floatingimage_165.jpg](floatingimage_165.jpg)

[Section](#iad1a9e81199c4713ac92baa1f8cde18e_217)[6.4](#iad1a9e81199c4713ac92baa1f8cde18e_217)[\[Reserved\]](#iad1a9e81199c4713ac92baa1f8cde18e_217)[129](#iad1a9e81199c4713ac92baa1f8cde18e_217)

![floatingimage_165.jpg](floatingimage_165.jpg)

Section 6.5ERISAMatters129

![floatingimage_165.jpg](floatingimage_165.jpg)

Section 6.6Environmental Matters129

![floatingimage_165.jpg](floatingimage_165.jpg)

Section 6.7OtherInformation130

![floatingimage_165.jpg](floatingimage_165.jpg)

![floatingimage_645.jpg](floatingimage_645.jpg)

[ARTICLE](#iad1a9e81199c4713ac92baa1f8cde18e_220)[VII AFFIRMATIVE](#iad1a9e81199c4713ac92baa1f8cde18e_220)[COVENANTS](#iad1a9e81199c4713ac92baa1f8cde18e_220)[130](#iad1a9e81199c4713ac92baa1f8cde18e_220)<u>[123](#iad1a9e81199c4713ac92baa1f8cde18e_220)</u>

![floatingimage_165.jpg](floatingimage_165.jpg)

![floatingimage_102.jpg](floatingimage_102.jpg)

<u>123</u>

<u>123</u>

<u>123</u>

<u>123</u>

<u>123</u>

<u>123</u>

<u>124</u>

<u>124</u>

<u>124</u>

<u>124</u>

<u>125</u>

<u>127</u>

Section 7.1Preservation of Corporate Existence, Etc130

![floatingimage_165.jpg](floatingimage_165.jpg)

Section 7.2Compliance with Laws, Etc130

![floatingimage_165.jpg](floatingimage_165.jpg)

[Section](#iad1a9e81199c4713ac92baa1f8cde18e_223)[7.3](#iad1a9e81199c4713ac92baa1f8cde18e_223)[\[Reserved\]](#iad1a9e81199c4713ac92baa1f8cde18e_223)[130](#iad1a9e81199c4713ac92baa1f8cde18e_223)

![floatingimage_165.jpg](floatingimage_165.jpg)

Section 7.4Payment of Taxes, Etc130

![floatingimage_165.jpg](floatingimage_165.jpg)

Section 7.5Maintenance of Insurance131

![floatingimage_165.jpg](floatingimage_165.jpg)

[Section](#iad1a9e81199c4713ac92baa1f8cde18e_226)[7.6](#iad1a9e81199c4713ac92baa1f8cde18e_226)[Access](#iad1a9e81199c4713ac92baa1f8cde18e_226)[131](#iad1a9e81199c4713ac92baa1f8cde18e_226)

![floatingimage_165.jpg](floatingimage_165.jpg)

Section 7.7KeepingofBooks132

![floatingimage_165.jpg](floatingimage_165.jpg)

Section 7.8Maintenance of Properties, Etc132

![floatingimage_165.jpg](floatingimage_165.jpg)

Section 7.9Application of Proceeds132

![floatingimage_165.jpg](floatingimage_165.jpg)

Section 7.10Environmental132

![floatingimage_165.jpg](floatingimage_165.jpg)

Section 7.11Additional Collateral and Guaranties133

![floatingimage_165.jpg](floatingimage_165.jpg)

Section 7.12Real Property134

![floatingimage_165.jpg](floatingimage_165.jpg)

ii

![image_5.jpg](image_5.jpg)

![floatingimage_148.jpg](floatingimage_148.jpg)

[Section](#iad1a9e81199c4713ac92baa1f8cde18e_229)[7.13](#iad1a9e81199c4713ac92baa1f8cde18e_229)[\[Reserved\]](#iad1a9e81199c4713ac92baa1f8cde18e_229)[135](#iad1a9e81199c4713ac92baa1f8cde18e_229)

<u>127</u>

<u>127</u>

<u>127</u>

<u>127</u>

<u>128</u>

![floatingimage_157.jpg](floatingimage_157.jpg)

Section 7.14Accounting Changes; Fiscal Year135

![floatingimage_179.jpg](floatingimage_179.jpg)

Section 7.15Lender Calls135

Section 7.16Post Closing Matters135

![floatingimage_165.jpg](floatingimage_165.jpg)

![floatingimage_158.jpg](floatingimage_158.jpg)

<u>Section 7.17</u><u>Cash and Cash Equivalents</u>

![floatingimage_645.jpg](floatingimage_645.jpg)

ARTICLE VIII NEGATIVE COVENANTS135<u>128</u>

![floatingimage_165.jpg](floatingimage_165.jpg)

![floatingimage_102.jpg](floatingimage_102.jpg)

<u>128</u>

<u>134</u>

<u>137</u>

<u>139</u>

<u>141</u>

<u>144</u>

<u>144</u>

<u>144</u>

<u>145</u>

<u>146</u>

<u>146</u>

<u>147</u>

Section 8.1Indebtedness136

![floatingimage_165.jpg](floatingimage_165.jpg)

Section 8.2Liens, Etc142

![floatingimage_165.jpg](floatingimage_165.jpg)

Section 8.3Investments145

![floatingimage_165.jpg](floatingimage_165.jpg)

Section 8.4Saleof Assets147

![floatingimage_165.jpg](floatingimage_165.jpg)

Section 8.5Restricted Payments149

![floatingimage_165.jpg](floatingimage_165.jpg)

[Section](#iad1a9e81199c4713ac92baa1f8cde18e_235)[8.6](#iad1a9e81199c4713ac92baa1f8cde18e_235)[Restrictions on Fundamental](#iad1a9e81199c4713ac92baa1f8cde18e_235)[Changes](#iad1a9e81199c4713ac92baa1f8cde18e_235)[152](#iad1a9e81199c4713ac92baa1f8cde18e_235)

![floatingimage_165.jpg](floatingimage_165.jpg)

![floatingimage_200.jpg](floatingimage_200.jpg)

![floatingimage_165.jpg](floatingimage_165.jpg)

![floatingimage_182.jpg](floatingimage_182.jpg)

![floatingimage_183.jpg](floatingimage_183.jpg)

![floatingimage_186.jpg](floatingimage_186.jpg)

[Section](#iad1a9e81199c4713ac92baa1f8cde18e_238)[8.7](#iad1a9e81199c4713ac92baa1f8cde18e_238)[Change in Nature of](#iad1a9e81199c4713ac92baa1f8cde18e_238)[Business](#iad1a9e81199c4713ac92baa1f8cde18e_238)[152](#iad1a9e81199c4713ac92baa1f8cde18e_238)

![floatingimage_165.jpg](floatingimage_165.jpg)

![floatingimage_188.jpg](floatingimage_188.jpg)

![floatingimage_189.jpg](floatingimage_189.jpg)

Section 8.8TransactionswithAffiliates152

![floatingimage_165.jpg](floatingimage_165.jpg)

![floatingimage_191.jpg](floatingimage_191.jpg)

Section 8.9Restrictions on Subsidiary Distributions; No New Negative Pledge154

![floatingimage_165.jpg](floatingimage_165.jpg)

[Section](#iad1a9e81199c4713ac92baa1f8cde18e_241)[8.10](#iad1a9e81199c4713ac92baa1f8cde18e_241)[\[Reserved\]](#iad1a9e81199c4713ac92baa1f8cde18e_241)[155](#iad1a9e81199c4713ac92baa1f8cde18e_241)

![floatingimage_165.jpg](floatingimage_165.jpg)

[Section](#iad1a9e81199c4713ac92baa1f8cde18e_244)[8.11](#iad1a9e81199c4713ac92baa1f8cde18e_244)[\[Reserved\]](#iad1a9e81199c4713ac92baa1f8cde18e_244)[155](#iad1a9e81199c4713ac92baa1f8cde18e_244)

![floatingimage_165.jpg](floatingimage_165.jpg)

[Section](#iad1a9e81199c4713ac92baa1f8cde18e_247)[8.12](#iad1a9e81199c4713ac92baa1f8cde18e_247)[Payment of Junior Debt; Modification of Debt](#iad1a9e81199c4713ac92baa1f8cde18e_247)[Agreements](#iad1a9e81199c4713ac92baa1f8cde18e_247)[155](#iad1a9e81199c4713ac92baa1f8cde18e_247)

![floatingimage_165.jpg](floatingimage_165.jpg)

![floatingimage_645.jpg](floatingimage_645.jpg)

[ARTICLE](#iad1a9e81199c4713ac92baa1f8cde18e_250)[IX](#iad1a9e81199c4713ac92baa1f8cde18e_250)[EVENTS OF](#iad1a9e81199c4713ac92baa1f8cde18e_250)[DEFAULT](#iad1a9e81199c4713ac92baa1f8cde18e_250)[156](#iad1a9e81199c4713ac92baa1f8cde18e_250)<u>[147](#iad1a9e81199c4713ac92baa1f8cde18e_250)</u>

![floatingimage_165.jpg](floatingimage_165.jpg)

![floatingimage_9.jpg](floatingimage_9.jpg)

<u>147</u>

<u>150</u>

<u>150</u>

<u>151</u>

Section 9.1Events of Default156

![floatingimage_165.jpg](floatingimage_165.jpg)

Section 9.2Remedies158

![floatingimage_165.jpg](floatingimage_165.jpg)

Section 9.3Right to Cure159

![floatingimage_165.jpg](floatingimage_165.jpg)

Section 9.4Actions in Respect of Letters of Credit160

![floatingimage_165.jpg](floatingimage_165.jpg)

![floatingimage_645.jpg](floatingimage_645.jpg)

ARTICLEXTHEADMINISTRATIVEAGENT160<u>151</u>

![floatingimage_165.jpg](floatingimage_165.jpg)

![floatingimage_154.jpg](floatingimage_154.jpg)

[Section](#iad1a9e81199c4713ac92baa1f8cde18e_259)[10.1](#iad1a9e81199c4713ac92baa1f8cde18e_259)[Authorization and](#iad1a9e81199c4713ac92baa1f8cde18e_259)[Action](#iad1a9e81199c4713ac92baa1f8cde18e_259)[160](#iad1a9e81199c4713ac92baa1f8cde18e_259)

Section 10.2Administrative Agent's Reliance, Etc161

<u>151</u>

<u>153</u>

<u>153</u>

<u>154</u>

<u>155</u>

<u>155</u>

<u>155</u>

<u>156</u>

<u>158</u>

<u>158</u>

<u>159</u>

<u>159</u>

<u>160</u>

<u>161</u>

[Section](#iad1a9e81199c4713ac92baa1f8cde18e_262)[10.3](#iad1a9e81199c4713ac92baa1f8cde18e_262)[Posting of](#iad1a9e81199c4713ac92baa1f8cde18e_262)[Approved](#iad1a9e81199c4713ac92baa1f8cde18e_262)[Electronic](#iad1a9e81199c4713ac92baa1f8cde18e_262) [Communications](#iad1a9e81199c4713ac92baa1f8cde18e_262)[162](#iad1a9e81199c4713ac92baa1f8cde18e_262)

Section 10.4The Administrative Agent Individually163

Section 10.5Lender Credit Decision163

Section 10.6Indemnification163

[Section](#iad1a9e81199c4713ac92baa1f8cde18e_265)[10.7](#iad1a9e81199c4713ac92baa1f8cde18e_265)[Successor Administrative](#iad1a9e81199c4713ac92baa1f8cde18e_265)[Agent](#iad1a9e81199c4713ac92baa1f8cde18e_265)[164](#iad1a9e81199c4713ac92baa1f8cde18e_265)

[Section](#iad1a9e81199c4713ac92baa1f8cde18e_268)[10.8](#iad1a9e81199c4713ac92baa1f8cde18e_268)[Concerning the Collateral and the Collateral](#iad1a9e81199c4713ac92baa1f8cde18e_268)[Documents](#iad1a9e81199c4713ac92baa1f8cde18e_268)[165](#iad1a9e81199c4713ac92baa1f8cde18e_268)

Section 10.9Collateral Matters Relating to Related Obligations166

Section 10.10Additional Indebtedness167

Section 10.11Withholding167

Section 10.12Proofs of Claim168

[Section](#iad1a9e81199c4713ac92baa1f8cde18e_271)[10.13](#iad1a9e81199c4713ac92baa1f8cde18e_271)[ERISA](#iad1a9e81199c4713ac92baa1f8cde18e_271) [Representation](#iad1a9e81199c4713ac92baa1f8cde18e_271)[.](#iad1a9e81199c4713ac92baa1f8cde18e_271)[168](#iad1a9e81199c4713ac92baa1f8cde18e_271)

<u>Section 10.14</u>BorrowerCommunications

<u>Section 10.15</u>

<u>Acknowledgment</u><u>of</u><u>Lenders</u>

![floatingimage_645.jpg](floatingimage_645.jpg)

[ARTICLE](#iad1a9e81199c4713ac92baa1f8cde18e_274)[XI](#iad1a9e81199c4713ac92baa1f8cde18e_274) [MISCELLANEOUS](#iad1a9e81199c4713ac92baa1f8cde18e_274)[170](#iad1a9e81199c4713ac92baa1f8cde18e_274)<u>[164](#iad1a9e81199c4713ac92baa1f8cde18e_274)</u>

![floatingimage_165.jpg](floatingimage_165.jpg)

![floatingimage_16.jpg](floatingimage_16.jpg)

<u>164</u>

<u>168</u>

<u>178</u>

[Section](#iad1a9e81199c4713ac92baa1f8cde18e_277)[11.1](#iad1a9e81199c4713ac92baa1f8cde18e_277)[Amendments,](#iad1a9e81199c4713ac92baa1f8cde18e_277)[Waivers,](#iad1a9e81199c4713ac92baa1f8cde18e_277) [Etc](#iad1a9e81199c4713ac92baa1f8cde18e_277)[170](#iad1a9e81199c4713ac92baa1f8cde18e_277)

![floatingimage_165.jpg](floatingimage_165.jpg)

[Section](#iad1a9e81199c4713ac92baa1f8cde18e_280)[11.2](#iad1a9e81199c4713ac92baa1f8cde18e_280)[Assignments and](#iad1a9e81199c4713ac92baa1f8cde18e_280)[Participations](#iad1a9e81199c4713ac92baa1f8cde18e_280)[174](#iad1a9e81199c4713ac92baa1f8cde18e_280)

![floatingimage_165.jpg](floatingimage_165.jpg)

[Section](#iad1a9e81199c4713ac92baa1f8cde18e_283)[11.3](#iad1a9e81199c4713ac92baa1f8cde18e_283)[Costs and](#iad1a9e81199c4713ac92baa1f8cde18e_283)[Expenses](#iad1a9e81199c4713ac92baa1f8cde18e_283)[184](#iad1a9e81199c4713ac92baa1f8cde18e_283)

![floatingimage_165.jpg](floatingimage_165.jpg)

iii

![image_5.jpg](image_5.jpg)

![floatingimage_192.jpg](floatingimage_192.jpg)

![floatingimage_194.jpg](floatingimage_194.jpg)

Section 11.4Indemnities186<u>179</u>

Section 11.5[Reserved]187<u>180</u>

Section 11.6Limitation of Liability187<u>180</u>

Section 11.7Right of Set-off187<u>180</u>

Section 11.8Sharing of Payments, Etc.187<u>181</u>

Section 11.9Notices, Etc.188<u>181</u>

Section 11.10No Waiver; Remedies189<u>182</u>

Section 11.11[Reserved]189<u>182</u>

Section 11.12Governing Law189<u>182</u>

Section 11.13Submission to Jurisdiction; Service of Process189<u>182</u>

Section 11.14Waiver of Jury Trial190<u>183</u>

Section 11.15Marshaling; Payments Set Aside190<u>183</u>

Section 11.16Section Titles190<u>183</u>

Section 11.17Effectiveness; Execution in Counterparts190<u>183</u>

Section 11.18[Reserved]191<u>184</u>

Section 11.19[Reserved]191<u>184</u>

Section 11.20Entire Agreement191<u>184</u>

Section 11.21Confidentiality191<u>184</u>

Section 11.22Patriot Act Notice192<u>185</u>

Section 11.23No Fiduciary Duty192<u>185</u>

Section 11.24Electronic Execution of Assignments and Certain Other Documents193<u>186</u>

Section 11.25Acknowledgement and Consent to Bail-In of Affected Financial

![floatingimage_193.jpg](floatingimage_193.jpg)

![floatingimage_195.jpg](floatingimage_195.jpg)

Institutions193<u>186</u>

Section 11.26Recognitionof U.S. Special Resolution Regime194<u>186</u>

iv

![image_5.jpg](image_5.jpg)

Schedules

Schedule I-Commitments

ScheduleII-Applicable Lending Offices and Addresses for Notices

Schedule 1.1(a)-DesignatedCD&RAgreements

Schedule 1.1(b)-ExistingLetters of Credit

Schedule 1.1(c)-[Reserved]

Schedule 4.2-Ownership of Subsidiaries

Schedule 4.4-MaterialLiabilities

Schedule 4.7(a)-MaterialRealProperty

Schedule 4.7(b)-MaterialLeases

Schedule 4.9-Intellectual Property

Schedule 4.10-Litigation

Schedule 4.12-[Reserved]

Schedule 4.13(b)-LaborMatters

Schedule 4.13(c)-CollectiveBargainingAgreements

Schedule 4.14-List of Plans

Schedule 7.16-Post Closing Matters

Schedule 8.1-ExistingIndebtedness

Schedule 8.2-Existing Liens

Schedule 8.3-ExistingInvestments

Schedule 8.4(k)-Scheduled Dispositions

Schedule 8.8-AffiliateTransactions

**Exhibits**

Exhibit A-FormofAssignmentandAssumption

ExhibitB-1-FormofRevolvingCreditNote

ExhibitB-2-FormofTermNote

Exhibit C-Formof Notice of Borrowing

Exhibit D-[Reserved]

Exhibit E-Form of Letter of Credit Request

Exhibit F-Form of Notice of Conversion or Continuation

Exhibit G-[Reserved]

Exhibit H-Formof Guaranty

Exhibit I-FormofPledgeandSecurityAgreement

Exhibit J-FormofAffiliatedLenderAssignmentand

Assumption

Exhibit K-Form of U.S. Tax Compliance Certificate

Exhibit L-Formof Specified Discount Prepayment Notice

Exhibit M-Form of Specified Discount Prepayment Response

Exhibit N-FormofAcceptance andPrepayment Notice

Exhibit O-FormofDiscountRangePrepaymentNotice

Exhibit P-FormofDiscountRangePrepaymentOffer

Exhibit Q-Formof Solicited Discounted Prepayment Notice

Exhibit R-Form of Solicited Discounted Prepayment Offer

Exhibit S-FormofIntercreditorAgreement

Exhibit T-Formof Solvency Certificate

Exhibit U-FormofMortgage

Exhibit V-FormofJoinderAgreement

Exhibit W-FormofComplianceCertificate

v

![floatingimage_645.jpg](floatingimage_645.jpg)

![floatingimage_198.jpg](floatingimage_198.jpg)

![floatingimage_661.jpg](floatingimage_661.jpg)

![floatingimage_196.jpg](floatingimage_196.jpg)

CREDITAGREEMENT, dated as of February 18, 2021, among AGILON HEALTH

<u>MANAGEMENT</u>, INC. <u>(F/K/A AGILON HEALTH, INC.)</u>, a Delaware corporation (as further

defined in *Section 1.1*, the "*<u>Borrower</u>*"), AGILON HEALTH INTERMEDIATE HOLDINGS,

INC., a Delaware corporation (as further defined in *Section 1.1*, "*<u>Holdings</u>*"), the Lenders (as

defined below), the Issuers (as defined below) and JPMORGAN CHASE BANK, N.A.

![floatingimage_200.jpg](floatingimage_200.jpg)

("*<u>JPMorgan</u>*"), as administrative agent for the Lenders and the Issuers (in such capacity and as

further defined in *Section 1.1*, the "*<u>Administrative Agent</u>*") and as collateral agent for the Secured

Parties (in such capacity and as further defined in *Section 1.1*, the "*<u>Collateral Agent</u>*"), with

JPMORGAN CHASE BANK, N.A., BANK OF AMERICA, N.A., WELLS FARGO

![floatingimage_196.jpg](floatingimage_196.jpg)

SECURITIES, LLC, <u>and</u>DEUTSCHEBANK SECURITIES INC. andNOMURASECURITIES

INTERNATIONAL, INC., as joint lead arrangers and joint bookrunners (in such capacity, the

"*<u>Joint Lead Arrangers</u>*").

![floatingimage_218a.jpg](floatingimage_218a.jpg)

**Witnesseth:**

WHEREAS, to consummate the Existing Credit Facilities Refinancing Date

Transactions, the Borrower will enter into this Agreement to (i) borrow Initial Dollar Term

Loans in an aggregate principal amount of $100,000,000 and (<u>ii</u>) borrow Initial RevolvingLoans

from time to time prior to the Initial Revolving Maturity Date in an aggregate principal amount

of up to $100,000,000; and

WHEREAS, the cash proceeds of the Initial Term Loans and Initial Revolving

Loans made on the Closing Date hereunder will be used on or after the Closing Date, *inter alia*,

to consummate the Existing Credit Facilities Refinancing Date Transactions, and to pay fees,

premiums and expenses incurred in connection with the Existing Credit Facilities Refinancing

Date Transactions.

NOW, THEREFORE, in consideration of the premises and the agreements,

provisions and covenants herein contained, the parties hereto agree as follows:

**ARTICLEI**

**Definitions,InterpretationAndAccountingTerms**

***Section1.1DefinedTerms****.*AsusedinthisAgreement,thefollowingtermshave

the following meanings (such meanings to be equally applicable to both the singular and plural

forms of the terms defined):

"*<u>Acceptable</u><u>Discount</u>*"has themeaningset forthin*Section2.8(c)(iv)(B)*.

"*<u>Acceptable</u><u>Prepayment</u><u>Amount</u>*"hasthemeaningsetforthin*Section*

*2.8(c)(iv)(C).*

"*<u>Acceptance and Prepayment Notice</u>*" means an irrevocable written notice from

a Term Loan Lender accepting a Solicited Discounted Prepayment Offer to make a Discounted

Term Loan Prepayment at the Acceptable Discount specified therein pursuant to *Section 2.8(c)*

substantially in the form of *Exhibit N*.

"*<u>Acceptance</u><u>Date</u>*"has themeaningset forthin*Section2.8(c)(iv)(B)*.

![floatingimage_202.jpg](floatingimage_202.jpg)

![image_8.jpg](image_8.jpg)

![floatingimage_645.jpg](floatingimage_645.jpg)

![floatingimage_627a.jpg](floatingimage_627a.jpg)

<u>"</u>*<u>ACO Entities</u>*<u>" means, collectively, (i) agilon health Northeast Ohio ACO, Inc.,</u>

![floatingimage_284.jpg](floatingimage_284.jpg)

<u>an Ohio corporation, (ii) agilon health Coastal ACO, Inc., a Hawaii corporation, (iii) agilon</u>

![floatingimage_812.jpg](floatingimage_812.jpg)

<u>health Columbus Ohio ACO, Inc., an Ohio corporation, (iv) agilon health Kentucky</u><u>ACO,</u><u>Inc., a</u>

![floatingimage_741.jpg](floatingimage_741.jpg)

<u>Kentucky</u><u>corporation,</u><u>(v)</u><u>agilon</u><u>health</u><u>Michigan</u><u>ACO,</u><u>Inc.,</u><u>a</u><u>Michigan</u><u>corporation,</u><u>(vi)</u><u>agilon</u>

![floatingimage_246.jpg](floatingimage_246.jpg)

<u>health Mid-Atlantic ACO, Inc., a North Carolina corporation, (vii) agilon health Northeastern</u>

![floatingimage_741.jpg](floatingimage_741.jpg)

<u>ACO, Inc., a New York</u><u>corporation, (viii) agilon health Pennsylvania ACO, Inc., a Pennsylvania</u>

![floatingimage_741.jpg](floatingimage_741.jpg)

<u>corporation, (ix) agilon health Ohio ACO, Inc., an Ohio corporation and (x) agilon health Texas</u>

![floatingimage_741.jpg](floatingimage_741.jpg)

<u>ACO, Inc., a Texas corporation.</u>

![floatingimage_968.jpg](floatingimage_968.jpg)

<u>"</u>*<u>ACO</u><u>Reach</u>*<u>"</u><u>means</u><u>the</u><u>Accountable</u><u>Care</u><u>Organization</u><u>Realizing</u><u>Equity,</u>

![floatingimage_284.jpg](floatingimage_284.jpg)

<u>Access, and Community Health Model.</u>

"*<u>Accounts Receivable</u>*" means a right to receive payment pursuant to an

arrangement with another Person pursuant to which such other Person is obligated to pay, as

determined in accordance with GAAP.

"*<u>Acknowledging</u><u>Party</u>*"hasthemeaningsetforthin*Section11.25*.

"*<u>Additional Lender</u>*" has the meaning set forth in *Section 2.21(b)*.

"*<u>Additional</u><u>Specified</u><u>Refinancing</u><u>Lender</u>*"hasthemeaningsetforthin*Section*

*2.24(b)*.

"*<u>Administrative Agent</u>*" has the meaning specified in the preamble to this

Agreement; and shall include any successor to the Administrative Agent appointed pursuant to

*Section 10.7*.

"*<u>Administrative Questionnaire</u>*" means an Administrative Questionnaire in a

form supplied by the Administrative Agent.

"*<u>Affected Financial Institution</u>*" means (a) any EEA Financial Institution or (b)

any UK Financial Information.

"*<u>Affected</u><u>Term</u><u>SOFR</u><u>Rate</u>*"hasthemeaningsetforthin*<u>Section</u><u>2.14(b)</u>*.

"*<u>Affected Lender</u>*" has the meaning set forth in *Section 2.17(a)*.

"*<u>Affiliate</u>*" means, as to any Person, any other Person which, directly or

indirectly, is in control of, is controlled by, or is under common control with, such Person.For

purposes of this definition, "control" of a Person means the power, directly or indirectly, either to

(a)vote 20% or more of the securities having ordinary voting power for the election of directors

of such Person or (<u>b</u>) direct or cause the direction of the management and policies of such

Person, whether by contract or otherwise.

"*<u>Affiliated</u><u>Debt</u><u>Fund</u>*"meansanyAffiliatedLenderthatisprimarilyengagedin,

or advises funds or other investment vehicles that are engaged in, making, purchasing, holding or

otherwise investing in commercial loans, notes, bonds and similar extensions of credit or

securitiesintheordinarycourse,solongas(i) anysuchAffiliatedLenderismanagedasto

![floatingimage_334.jpg](floatingimage_334.jpg)

day-to-daymatters(butexcluding,fortheavoidanceofdoubt,astostrategicdirectionand

![image_8.jpg](image_8.jpg)

![floatingimage_645.jpg](floatingimage_645.jpg)

![image_8.jpg](image_8.jpg)

![floatingimage_645.jpg](floatingimage_645.jpg)

similar matters (for the avoidance of doubt, other than investment decisions)) independently from

CD&R and any Affiliate of CD&R that is not primarily engaged in the investing activities

described above, (<u>ii</u>) any such Affiliated Lender has in place customary information screens

between it and CD&R and any Affiliate of CD&R that is not primarily engaged in the investing

activities described above, and (<u>iii</u>) no Parent Entity, nor Holdings nor any of its Subsidiaries

directs or causes the direction of the investment policies of such entity.

"*<u>Affiliated Lender</u>*" means any Lender that is a Permitted Affiliated Assignee.

"*<u>Affiliated</u><u>Lender</u><u>Assignment</u><u>and</u><u>Assumption</u>*"hasthemeaningsetforthin

*Section11.2(l)(i)(A)*.

![floatingimage_645.jpg](floatingimage_645.jpg)

<u>"</u>*<u>Agent</u><u>Affiliates</u>*<u>" has the meaning set forth in</u> *<u>Section</u> <u>10.3(c)</u>*<u>.</u>

"*<u>Agilon</u><u>Entity</u>*"meanseachofHoldings,Borrowerandeachoftheirrespective

Subsidiaries.

"*<u>Agilon Restricted Entity</u>*" means each of Holdings, Borrower and each of its

Restricted Subsidiaries.

"*<u>Agreement</u>*" means this Credit Agreement, as amended, restated, supplemented

or otherwise modified from time to time.

"*<u>Anti-Corruption Laws</u>*" means all laws, rules, and regulations of any

jurisdiction applicable to the Borrower or its Subsidiaries from time to time concerning or

relating to bribery or corruption, including the United States Foreign Corrupt Practices Act of

1977. "*<u>Applicable</u><u>Discount</u>*"has themeaningset forthin*Section2.8(c)(iii)(B).*

"*<u>Applicable Margin</u>*" means with respect to (i) Initial Revolving Loans

![floatingimage_334.jpg](floatingimage_334.jpg)

maintained as Base Rate Loans, during the period from the Closing Date to but excluding

October 1, 2023, a rate equal to 3.00% *per annum*, (<u>ii</u>) Initial Revolving Loans maintained as

DailySimple SOFR Rate Loans and TermSOFR Rate Loans, duringthe period fromthe Closing

Date to but excluding October 1, 2023, a rate equal to 4.00% *per annum*, (<u>iii</u>) Initial TermLoans

maintained as Base Rate Loans, during the period from the Closing Date to but excluding

October 1, 2023, a rate equal to 3.00% *per annum*, (<u>iv</u>) Initial Term Loans maintained as Term

SOFR Rate Loans, during the period from the Closing Date to but excluding October 1, 2023, a

rateequalto4.00%*perannum*,(<u>v</u>)InitialRevolvingLoansmaintainedasBaseRateLoans,asof

anydateofdeterminationonandfollowingOctober1, 2023,arateequalto2.50%*perannum*,

(<u>vi</u>)InitialRevolvingLoansmaintainedasDailySimpleSOFRRateLoansandTermSOFRRate

Loans, as of any date of determination on and following October 1, 2023, a rate equal to 3.50%

*per annum*, (<u>vii</u>)Initial Term Loans maintained as Base Rate Loans, as of any date of

determinationonandfollowingOctober1, 2023,arateequalto2.50%*perannum*,and

(<u>viii</u>) Initial Term Loans maintained as Term SOFR Rate Loans, as of any date of determination

on and following October 1, 2023, a rate equal to 3.50% *per annum*.

![image_8.jpg](image_8.jpg)

![floatingimage_645.jpg](floatingimage_645.jpg)

"*<u>Applicable Percentage</u>*" means, with respect to any Revolving Credit Lender,

the percentage of the total RevolvingCredit Commitments represented bysuchRevolvingCredit

Lender'sRevolvingCreditCommitment.If theRevolvingCreditCommitmentshaveterminated

![image_8.jpg](image_8.jpg)

![floatingimage_645.jpg](floatingimage_645.jpg)

![floatingimage_382.jpg](floatingimage_382.jpg)

orexpired,theApplicablePercentagesshallbedeterminedbasedupontheRevolvingCredit

Commitments most recently in effect, giving effect to any assignments.

"*<u>Applicable</u><u>Period</u>*"hasthemeaningsetforthinthedefinitionof"*<u>Applicable</u>*

*<u>Margin</u>*".

![floatingimage_218a.jpg](floatingimage_218a.jpg)

"*<u>Applicable</u><u>Time</u>*" has the meaning set forth in *Section 11.1(e)*.

"*<u>Applicable Unused Commitment Fee Rate</u>*" means during the period from the

Closing Date to but excluding October 1, 2023, a rate equal to 0.50% *per annum* and as of any

date of determination on and following October 1, 2023, a rate equal to 0.375% *per annum.*

"*<u>Approved Commercial Bank</u>*" means a commercial bank with a consolidated

combined capital and surplus of at least $5,000,000,000.

![floatingimage_645.jpg](floatingimage_645.jpg)

<u>"</u>*<u>Approved Borrower Portal</u>*<u>" has the meaning set forth in</u> *<u>Section</u><u>10.14(a)</u>*<u>.</u>

"*<u>Approved Electronic Communications</u>*" means each notice, demand,

communication, information, document and other material that <u>Parent or</u> any Loan Party is

obligated to, or otherwise chooses to, provide to the Administrative Agent pursuant to any Loan

Document or the transactions contemplated therein, including (<u>a</u>) any supplement to the

Guaranty, any joinder to the Pledge and Security Agreement and any other written Contractual

Obligation delivered or required to be delivered in respect of any Loan Document or the

transactions contemplated therein and (<u>b</u>) any Financial Statement, financial and other report,

notice, request, certificate and other informational material; *provided* that "*<u>Approved Electronic</u>*

*<u>Communications</u>*" shall exclude (i) any Notice of Borrowing, Letter of Credit Request, Notice of

Conversion or Continuation, and any other notice, demand, communication, information,

document and other material relating to a request for a new, or a conversion of an existing,

Borrowing, (<u>ii</u>) any notice pursuant to *Section 2.8* and *Section 2.9* and any other notice relating to

the payment of any principal or other amount due under any Loan Document prior to the

scheduled date therefor, (<u>iii</u>) all notices of any Default or Event of Default and (<u>iv</u>) any notice,

demand, communication, information, document and other material required to be delivered to

satisfy any of the conditions set forth in *Article III* or *Section 2.4(a)* or any other condition to any

Borrowing or other extension of credit hereunder or any condition precedent to the effectiveness

of this Agreement.

"*<u>Approved Electronic Platform</u>*" has the meaning set forth in *Section 10.3(a)*.

"*<u>Approved</u><u>Fund</u>*"meansanyFundthatisadvised,ormanagedby(<u>a</u>) aLender,

(b)an AffiliateofaLenderor(<u>c</u>)anentityorAffiliate of an entitythatadministersor manages a

Lender.

"*<u>Arawak Facility</u>*" means the credit facility provided by the Credit Agreement,

dated as of December 22, 2017, among the Borrower, Holdings and Arawak IX, L.P. (as

amended, supplemented, waived or otherwise modified from time to time).

"*<u>Assignment</u><u>and</u><u>Assumption</u>*"meansanassignmentandassumptionenteredinto

by a Lender and an Eligible Assignee, and accepted by the Administrative Agent, in substantially

the form of *Exhibit A*.

![image_8.jpg](image_8.jpg)

![floatingimage_645.jpg](floatingimage_645.jpg)

![image_8.jpg](image_8.jpg)

![floatingimage_645.jpg](floatingimage_645.jpg)

"*<u>Available</u><u>Amount</u>*"means,atanytime,anamountequaltothesum,without

duplication, of

(a)(i) at any time following a Qualifying Threshold IPO, but prior to October 1,

![floatingimage_334.jpg](floatingimage_334.jpg)

2023, $5,000,000 or (<u>ii</u>) at any time following a QualifyingThreshold IPO, but on or after

![floatingimage_285.jpg](floatingimage_285.jpg)

October 1, 2023, the greater of $5,000,000 and 1.0% of Consolidated Total Assets<u>EBITDA</u><u>of</u> 

<u>the Borrower and its Restricted Subsidiaries as of the last day of the most recent Financial</u>

![floatingimage_812.jpg](floatingimage_812.jpg)

<u>Covenant Period for which Financial Statements have been delivered pursuant to</u> *<u>Section 6.1</u>*;

(b)theaggregateamountofCumulativeExcessCashFlowatsuchtime;

(c)DeclinedAmounts;

(d)the aggregate Net Cash Proceeds received by Borrower as capital

contributions to Borrower after the Closing Date from Holdings or from the issuance or

sale of Stock or Stock Equivalents (other than Disqualified Capital Stock) of Borrower

or any Parent Entity after the Closing Date (other than (<u>1</u>) Excluded Contributions, (<u>2</u>)

Specified Equity Contributions and (<u>3</u>) any such Stock issued to Management Investors

or to directors or employees in connection with compensation arrangements, but only to

the extent the purchase of such Stock is financed byloans or advances fromBorrower or

any of its Restricted Subsidiaries to such Management Investors, directors or

employees);

(e)the aggregate Net Cash Proceeds received byBorrower after the Closing

Date fromtheDispositionof anyInvestmentsmadeusingtheAvailableAmount (but not

in excess of the original amount of such Investment);

(f)returns, profits, distributions and similar amounts received in cash or Cash

Equivalents after the Closing Date on Investments made using the Available Amount

(but not in excess of the original amount of such Investment); *minus*

(g)the sum of the aggregate amount of (<u>1</u>)Restricted Payments made after the

ClosingDate usingthe Available Amount pursuant to *Section 8.5(c)*, (<u>2</u>)Investments

made using the Available Amount after the Closing Date pursuant to *Section8.3(u)* and

(<u>3</u>)payments, prepayments, repurchases or redemptions made using the Available

Amount after the Closing Date pursuant to *Section 8.12(a)*.

"*<u>Available</u><u>Credit</u>*"means,atanytime,anamountequaltothetheneffective

aggregateRevolvingCreditCommitments*minus*theRevolvingCreditOutstandingsatsuchtime.

"*<u>Available</u><u>Excluded</u><u>Contribution</u><u>Amount</u>*"means,atanytime,withrespectto

(i)payments on Junior Debt, (<u>ii</u>)Investments, the Net Cash Proceeds from Excluded

![floatingimage_334.jpg](floatingimage_334.jpg)

Contributions designated for application to an Investment to be made pursuant to *Section 8.3(v)*

and not yet so applied, and (<u>iii</u>)payments, prepayments, repurchases or redemptions of

Indebtedness, the Net Cash Proceeds from Excluded Contributions designated for application to

payments, prepayments, repurchases or redemptions to be made pursuant to *Section 8.12(a)(ii)*

and not yet so applied and, in each case with respect to *clauses (i)* through *(iii)* above, less the

![image_8.jpg](image_8.jpg)

![floatingimage_645.jpg](floatingimage_645.jpg)

amount of any Restricted Payment pursuant to *Section 8.5(j)* with respect to any such Excluded

Contribution(whichsuchamount,inthecaseofExcludedContributionsintheformofassetsor

![image_8.jpg](image_8.jpg)

![floatingimage_645.jpg](floatingimage_645.jpg)

property, shall equal the Fair Market Value of such contributed assets or property determined at

the time of contribution).

"*<u>Bail-In Action</u>*" means the exercise of anyWrite-Down and Conversion Powers

by the applicable Resolution Authority in respect of any liability of an Affected Financial

Institution.

"*<u>Bail-In Legislation</u>*" 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 for such EEA Member Country fromtime 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).

"*<u>Bankruptcy Proceedings</u>*" has the meaning set forth in *Section 11.2(l)(iv)*.

"*<u>Base</u><u>Rate</u>*"means,foranyperiod,afluctuatinginterestrate*perannum* asshall

beineffectfromtimetotime,whichrate*perannum*asofanygivendayshallbeequaltothe

higher of the following:

(a)the Federal Funds Rate on such day, *plus* 0.50%;

(b)a rate per annum that is equal to the corporate base rate of interest

established by the Administrative Agent as its "prime rate" in effect at its principal office in New

York City on such day (it being acknowledged that the corporate base rate is not necessarily the

lowest rate charged by the Administrative Agent to its customers);

(c)the Term SOFR Rate for an Interest Period of one-month beginning on such

day (or if such day is not a Business Day, on the immediately preceding Business Day)

(determined as if the relevant Base Rate Loan were a Term SOFR Rate Loan) *plus* 1.00%; and

(d)0%.

"*<u>Base Rate Loan</u>*" means any Loan during any period in which it bears interest

based on the Base Rate.

"*<u>Base</u><u>Rate Term SOFR Determination</u><u>Day</u>"*has themeaning set forth in clause

(b)of the definition of "*<u>Term</u><u>SOFR</u><u>Rate</u>*."

"*<u>Base Rate Term SOFR Determination Time</u>*"has the meaning set forth in

clause (b) of the definition of "*<u>Term SOFR Rate</u>*".

"*<u>Benchmark Replacement Conforming Changes</u>*" means with respect to either

the use or administration of Daily Simple SOFR Rate, Term SOFR Rate, SOFR or any

replacement rate adopted in accordance with the terms of this Agreement or the use,

administration or implementation of any such replacement rate, any technical, administrative or

operational changes (including changes to the definition of "Base Rate," the definition of

"Business Day," the definition of "U.S. Government Securities Business Day," the definition of

"Interest Period" or any similar or analogous definition (or the addition of a concept of "interest

period"), timing and frequency of determining rates and making payments of interest, timing of

borrowingrequestsorprepayment,conversionorcontinuationnotices,theapplicabilityand

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length of lookback periods, the applicability of breakage provisions, and other technical,

administrative or operational matters) that the Administrative Agent decides with the consent of

the Borrower Representative may be appropriate to reflect the adoption and implementation of

any such rate or to permit the use, administration or implementation thereof by the

Administrative Agent in a manner substantially consistent with market practice (or, if the

Administrative Agent decides that adoption of any portion of such market practice is not

administratively feasible or if the Administrative Agent determines that no market practice for

the administration of any such rate exists, in such other manner of administration as the

Administrative Agent decides with the consent of the Borrower Representative is reasonably

necessary in connection with the administration of this Agreement and the other Loan

Documents).

"*<u>BHC Act Affiliate</u>*" has the meaning assigned to the term "affiliate" in, and shall

be interpreted in accordance with, 12 U.S.C. § 1841(k).

"*<u>Board of Directors</u>*" means, for any Person, the board of directors or other

governing body of such Person or, if such Person does not have such a board of directors or other

governing body and is owned or managed by a single entity, the Board of Directors of such

entity, or, in either case, anycommittee thereof dulyauthorized to act on behalf of such Board of

Directors.Unless otherwise provided, "Board of Directors" means the Board of Directors of

Borrower.

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"*<u>Borrower</u>*" means agilon health <u>management</u>, inc., a Delaware corporation, and

any successor in interest thereto permitted hereunder.

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<u>"</u>*<u>Borrower Communications</u>*<u>" has the meaning set forth in</u> *<u>Section</u><u>10.14(a)</u>*<u>.</u>

"*<u>Borrower</u><u>IPO</u>*"hasthemeaningspecifiedinthedefinitionof"*<u>Change</u><u>of</u>*

*<u>Control</u>*".

"*<u>Borrower Offer of Specified Discount Prepayment</u>*" means the offer by

Borrower to make a voluntaryprepayment of TermLoans at a specified discount to par pursuant

to *Section 2.8(c)(ii)*.

"*<u>Borrower Solicitation of Discount Range Prepayment Offers</u>*" means the

solicitation by Borrower of offers for, and the corresponding acceptance by a TermLoan Lender

of a voluntary prepayment of Term Loans at a specified range of discounts to par pursuant to

*Section 2.8(c)(iii)*.

"*<u>Borrower Solicitation of Discounted Prepayment Offers</u>*" means the solicitation

by Borrower of offers for, and the subsequent acceptance, if any, by a Term Loan Lender of a

voluntary prepayment of Term Loans at a discount to par pursuant to *Section 2.8(c)(iv)*.

"*<u>Borrower's Accountants</u>*" means Ernst & Young LLP or other independent

nationally-recognized public accountants.

"*<u>Borrowing</u>*" means a borrowing by Borrower consisting of Loans made on the

same day by the Lenders ratably according to their respective Commitments.A Borrowing may

be a Revolving Credit Borrowing or a Term Loan Borrowing.

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"*<u>Business Day</u>*" means, any day (other than a Saturday or a Sunday) on which

banks are open for business in New York City; <u>provided</u> that, in addition to the foregoing, a

Business Day shall be (a) in relation to Daily Simple SOFR Rate Loans and any interest rate

settings, fundings, disbursements, settlements or payments of any such DailySimple SOFR Rate

Loan, or any other dealings of such Daily Simple SOFR Rate Loan and (b) in relation to Loans

referencing the Term SOFR Rate and any interest rate settings, fundings, disbursements,

settlements or payments of any such Loans referencing the Term SOFR Rate or any other

dealings of such Loans referencing the Term SOFR Rate, any such day that is only a U.S.

Government Securities Business Day.

"*<u>Cal Care Promissory Note</u>*" means the promissory note made by Vector Cal

Care Parent, Inc. in favor of the Borrower.

"*<u>Capital Expenditures</u>*" means, for any period, the aggregate of all expenditures

(whether paid in cash or accrued as liabilities and including in all events all amounts expended or

capitalized under leases evidencing Financing Lease Obligations) by the Borrower and the

Restricted Subsidiaries during such period that, in conformity with GAAP, are or are required to

be included as capital expenditures on a consolidated statement of cash flows of the Borrower.

"*<u>Captive Insurance Subsidiary</u>*" means any Subsidiary of the Borrower that is

subject to regulation as an insurance company (or any Subsidiary thereof).

"*<u>Cash Collateral</u>*" shall have a meaning correlative to the foregoing and shall

include the proceeds of such cash collateral and other credit support.

"*<u>Cash</u><u>Collateral</u><u>Account</u>*"hasthemeaningspecifiedinthe Pledgeand Security

Agreement.

"*<u>Cash Collateralize</u>*" means, (<u>a</u>) to deposit in a Cash Collateral Account or to

pledge and deposit with or deliver to the Administrative Agent, for the benefit of one or more of

the Issuers or Revolving Credit Lenders, as collateral for Letter of Credit Obligations or

obligations of Revolving Credit Lenders to fund participations in respect of Letter of Credit

Obligations, cash or Deposit Account balances or (<u>b</u>) if the Administrative Agent and each

applicable 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 each

applicable Issuer.

"*<u>Cash Equivalents</u>*" means (<u>a</u>) securities issued or fullyguaranteed or insured by

theUnitedStatesgovernmentoranypoliticalsubdivision,agencyorinstrumentalitythereof,

(<u>b</u>) securities issued or fully guaranteed or insured by any state, commonwealth or territory of the

United States of America or any political subdivision, agency or instrumentality of any such

state, commonwealth or territory having, at the time of acquisition, an investment grade rating

from either Standard & Poor's Financial Services LLC (a division of The McGraw Hill

Companies Inc.) or any successor rating agency ("*<u>S&P</u>*") or Moody's Investors Service, Inc. or

any successor rating agency ("*<u>Moody's</u>*") (or if at such time neither is issuing ratings, then a

comparable rating of such other nationally recognized rating agency), (<u>c</u>) operating Deposit

Accounts, time deposits, certificates of deposit or bankers' acceptances of any (i) Approved

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Commercial Bank or (<u>ii</u>) Revolving Credit Lender at the time of deposit, (<u>d</u>) commercial paper

ratedatleastA-2ortheequivalentthereofbyS&PoratleastP-2ortheequivalentthereofby

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Moody's (or if at such time neither is issuing ratings, then a comparable rating of such other

nationally recognized rating agency as shall be approved by the Administrative Agent in its

reasonable judgment), (<u>e</u>) repurchase obligations with terms of not more than seven days for

underlying obligations of the types described in *clauses (a)*, *(b)* and *(d)* above entered into with

any commercial bank that is an Approved Commercial Bank or with securities dealers of

recognized national standing, (f)investments in money market funds complying with the risk

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limiting conditions of Rule 2a-7 or any successor rule of the Securities and Exchange

Commission under the Investment Company Act and (<u>g</u>)investments similar to any of the

foregoing denominated in foreign currencies approved by the Board of Directors; and, with

respect to *clauses (a)*, *(b)*, *(c)*, *(d)* and *(e)* above only, maturing within twelve months after the

date of acquisition.

"*<u>Cash Management/Letter of Credit Obligations</u>*" means, as applied to any

Person, any direct or indirect liability, contingent or otherwise, of such Person in respect of (i)

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cash management services (including treasury, depository, overdraft (daylight and temporary),

credit or debit card, electronic funds transfer and other cash management arrangements) or (<u>ii</u>)

letters of credit, bank guaranties, surety bonds, performance bonds or similar instruments, in each

case, provided or issued by any Cash Management/Letter of Credit Provider, including

obligations for the payment of fees, interest, charges, expenses, attorneys' fees and

disbursements in connection therewith to the extent provided for in the documents evidencing

such cash management services or instruments, as applicable.

"*<u>Cash</u><u>Management/Letter</u><u>of</u><u>Credit</u><u>Provider</u>*"meansanyPersonprovidingCash

Management/Letter of Credit Obligations to any Loan Party and designated as a Non-Lender

Secured Party pursuant to the Pledge and Security Agreement.

"*<u>CD&R</u>*" means Clayton, Dubilier & Rice, LLC, and any successor in interest

thereto, and any successor to its investment management business.

"*<u>CD&R Consulting Agreement</u>*" means the consulting agreement, dated as of

July 1, 2016, among Agilon Health Topco, Inc. (f/k/a CD&R Vector Topco, Inc.), PPMC and

CD&R, as in effect on the Closing Date.

"*<u>CD&R Fund IX</u>*" means Clayton, Dubilier & Rice Fund IX, L.P., a Cayman

Islands exempted limited partnership, and any successor in interest thereto.

"*<u>CD&R</u><u>Group</u>*"meanscollectively,(<u>a</u>)CD&RFundIX,(<u>b</u>)Clayton,Dubilier&

Rice Fund IX-A, L.P., a Cayman Islands exempted limited partnership, and any successor in

interest thereto, (<u>c</u>) CD&R Vector Holdings, L.P., a Cayman Islands exempted limited

partnership, and any successor in interest thereto (<u>d</u>) CD&R Advisor Fund IX, L.P., a Cayman

Islands exempted limited partnership, and any successor in interest thereto, (<u>e</u>)CD&R

Investment Associates IX, Ltd., a Cayman Islands exempted company, and any successor in

interest thereto, (f) any investment fund or vehicle managed, sponsored or advised by CD&R or

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anyAffiliatethereof,andanyAffiliateoforsuccessortoanysuchinvestmentfundorvehicle,

(<u>g</u>) any limited or general partners of, or other investors in, any entity described above or any

Affiliate thereof, or any such investment fund or vehicle or (<u>h</u>) any Affiliate of any member of

the CD&R Group identified in *clauses (a)* through *(g)* of this definition.

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"*<u>CDD Rule</u>*" means the Customer Due Diligence Requirements for Financial

Institutions issued by the U.S. Department of Treasury Financial Crimes Enforcement Network

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under the Bank Secrecy Act (such rule published May 11, 2016 and effective May 11, 2018, as

amended from time to time).

"*<u>CFTC</u>*"meanstheCommodityFuturesTradingCommissionoranysuccessorto

the Commodity Futures Trading Commission.

"*<u>Change in Tax Law</u>*" means, with respect to the Administrative Agent, any

Lender or any Issuer, anychange in treaty, law, regulation, Revenue Ruling, Revenue Procedure

or Notice (published in the Internal Revenue Bulletin) in respect of Taxes, in each case, that

occurred after such Person became a party to this Agreement (or, if such Person is an

intermediary or flow-through entity for U.S. federal income tax purposes, after the relevant

beneficiary or member of such Person became such a beneficiary or member, if later).

"*<u>Change of Control</u>*"means:

(a)prior to a Qualifying IPO, the occurrence of any of the following events:

Permitted Holders shall in the aggregate cease to be the "beneficial owner" (as defined in Rules

13d-3 and 13d-5 under the Exchange Act), directly or indirectly, of at least a majority of the total

voting power of all outstanding Voting Stock of the Relevant Parent Entity; or

(b)following a Qualifying IPO, (<u>x</u>) the Permitted Holders shall in the aggregate

be the "beneficial owner" (as defined in Rules 13d-3 and 13d-5 under the Exchange Act),

directly or indirectly, of less than 35% of the total voting power of all outstanding Voting Stock

oftheRelevantParentEntity(or,ifthereisnoRelevantParentEntity,Borrower)and

(<u>y</u>) any"person" or "group" (as such terms are used in Sections 13(d) and 14(d) of the Exchange

Act), other than one or more Permitted Holders, shall be the "beneficial owner", directly or

indirectly, of more than 35% of the total voting power of all outstanding Voting Stock of the

Relevant Parent Entity; or

(c)so long as the Stock of the Borrower is not listed on a nationally recognized

stock exchange (whether through a Qualifying IPO or otherwise) (any such listing, a "*<u>Borrower</u>*

*<u>IPO</u>*"), the Relevant Parent Entity shall cease to own and control, directly or indirectly, 100% of

the Stock of Borrower.

Notwithstandinganything in this definition to the contrary, "*<u>Change of Control</u>*"

shall not be construed to permit any transaction otherwise prohibited pursuant to the terms of

*Section 8.6(a).*

"*<u>Class</u>*" (<u>a</u>) when used with respect to Lenders, refers to whether such Lenders

are Revolving Credit Lenders or Term Loan Lenders, (<u>b</u>) when used with respect to

Commitments,referstowhethersuchCommitmentsareRevolvingCreditCommitmentsorTerm

Loan Commitments and (<u>c</u>) when used with respect to Loans or a Borrowing, refers to whether

such Loans, or the Loans comprising such Borrowing, are Revolving Loans or Term Loans.

"*<u>Closing</u><u>Date</u>*"meansFebruary18, 2021.

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<u>"</u>*<u>CMS</u><u>ACO</u><u>Models</u>*<u>"</u><u>means,</u><u>collectively,</u><u>MSSP</u><u>and</u><u>ACO</u><u>Reach.</u>

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"*<u>Code</u>*"meanstheU.S.InternalRevenueCodeof1986,asamended(orany

successor legislation thereto).

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"*<u>Collateral</u>*" means all property and interests in property and proceeds thereof

now owned or hereafter acquired by any Loan Party in or upon which a Lien is purported to be

granted under any Collateral Document.

"*<u>Collateral</u><u>Agent</u>*"hasthemeaningspecifiedinthepreambletothisAgreement;

and shall include any successor to the Collateral Agent appointed pursuant to *Section 10.7*.

"*<u>Collateral Documents</u>*" means the Pledge and Security Agreement, the

Mortgages (if any), each agreement granting a security interest in a Deposit Account or a

Securities Account and any other document, agreement or other instrument executed and

deliveredbyaLoanPartygrantingaLienonanyofitspropertytosecurepaymentoftheSecured

Obligations.

"*<u>Combined Affiliate Promissory Notes</u>*" means the Cal Care Promissory Note,

LAMC Promissory Note and Vantage Promissory Note.

"*<u>Commitment</u>*" means, with respect to any Lender, such Lender's Revolving

Credit Commitment, if any, and Term Loan Commitment, if any, and "*<u>Commitments</u>*" means the

aggregate Revolving Credit Commitments and Term Loan Commitments of all Lenders.

"*<u>Commodity Exchange Act</u>*" means the Commodity Exchange Act (7 U.S.C. § 1

et seq.), as in effect from time to time, or any successor statute.

"*<u>Compliance Certificate</u>*" has the meaning set forth in *Section 6.1(c)*.

"*<u>Consolidated</u><u>Interest</u><u>Expense</u>*"means,foranyperiod,anamountequalto(<u>a</u>)

interest expense (accrued and paid or payable in cash for such period, and in any event excluding

any amortization or write-off of financing costs) on Indebtedness of Borrower and its Restricted

Subsidiaries for such period, *minus* (<u>b</u>) to the extent included in interest expense, the sum of (i)

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annual agency fees paid to the Administrative Agent, and (<u>ii</u>) any one time cash costs associated

with breakage in respect of Interest Rate Contracts for interest rates, *minus* (<u>c</u>) interest income

(accrued and received or receivable in cash for such period) of Borrower and its Restricted

Subsidiaries for such period, in each case determined on a consolidated basis in accordance with

GAAP.

"*<u>Consolidated</u><u>Net</u><u>Income</u>*"means,foranyPersonforanyperiod,thenetincome

(or loss) of such Person and its Restricted Subsidiaries for such period, determined on a

consolidated basis in conformity with GAAP.

"*<u>Consolidated Total Assets</u>*" of anyPerson means, at anydate, the total assets of

such Person and its Restricted Subsidiaries at such date determined on a consolidated basis in

conformity with GAAP (and, in the case of any determination relating to any incurrence of

Indebtedness or Liens or any investment, Restricted Payment or other transaction for which

Consolidated Total Assets is measured, on a Pro Forma Basis, including any property or assets

being acquired in connection therewith) *minus* (to the extent included in such total assets) the

sum of (<u>a</u>) any minority interest in any Person that would be reflected on a consolidated balance

sheetofsuchPersonanditsSubsidiariesatsuchdatepreparedinconformitywithGAAPand

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(<u>b</u>) any Securities issued by such Person held as treasury securities.Unless otherwise noted,

Consolidated Total Assets shall refer to Consolidated Total Assets of the Borrower.

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"*<u>Consolidated Working Capital</u>*" means at any date, the excess of (a) the sum of

all amounts (other than cash and Cash Equivalents) that are or would, in conformitywithGAAP,

be set forth opposite the caption "total current assets" (or any like caption) on a consolidated

balance sheet of the Borrower at such date excluding the current portion of current and deferred

incometaxesover(b)thesumofallamountsthatareorwould,inconformitywithGAAP,beset

forth opposite the caption "total current liabilities" (or any like caption) on a consolidated

balance sheet of the Borrower on such date, including deferred revenue but excluding, without

duplication, (i) the current portion of any Funded Debt, (ii) all Indebtedness consisting of Loans

to the extent otherwise included therein, (iii) the current portion of interest and (iv) the current

portion of current and deferred income taxes.

"*<u>Constituent Documents</u>*" means, with respect to any Person, (<u>a</u>) the articles of

incorporation, certificate of incorporation or certificate of formation (or the equivalent

organizational documents) of such Person, (<u>b</u>) the by-laws or operating agreement (or the

equivalent governing documents) of such Person and (<u>c</u>) any document (other than policy or

procedural manuals or other similar documents) setting forth the manner of election or duties of

the directors or managing members of such Person (if any) and the designation, amount or

relative rights, limitations and preferences of any class or series of such Person's Stock.

"*<u>Contaminant</u>*" means any material, substance or waste that is classified,

regulated or otherwise characterized under any Environmental Law as hazardous, toxic, a

contaminant or a pollutant or by other words of similar meaning or regulatory effect, including

any petroleum or petroleum-derived substance or waste, asbestos and polychlorinated biphenyls.

"*<u>Contractual Obligation</u>*" of any Person means any provision of any Security

issuedbysuchPersonorofanyagreement,instrumentorotherundertakingtowhichsuchPerson

is a party or by which it or any of its property is bound or to which any of its property is subject.

"*<u>Covered Entity</u>*" means any of the following: (i) a "covered entity" as that term

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is defined in, and interpreted in accordance with, 12 C.F.R. § 252.82(b); (<u>ii</u>) 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).

"*<u>Covered Liability</u>*" has the meaning set forth in *Section 11.25*.

"*<u>Cumulative Excess Cash Flow</u>*" means the difference (if a positive number)

between (<u>a</u>) the cumulative amount, for all then-completed Fiscal Years in which Excess Cash

Flow was a positive number commencing with the Fiscal Year ending on December 31, 2022, of

Excess Cash Flow and (<u>b</u>) the cumulative amount, for all then-completed Fiscal Years in which

Excess Cash Flow was a positive number commencingwith the Fiscal Year endingon December

31, 2022, of Excess Cash Flow required to be applied to prepay Term Loans pursuant to *Section*

*2.9(b)*(includinganyamountsthatwouldhavebeenrequiredtobeappliedtoprepayTermLoans

pursuant to *Section 2.9(b)* if such amounts were calculated without giving effect to any

reductions pursuant to *clause (ii)* thereunder).

"*<u>Cure Deadline</u>*" has the meaning set forth in *Section 9.3*.

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"*<u>Customary</u><u>Permitted</u><u>Liens</u>*"means,withrespecttoanyPerson,anyofthe

following Liens:

(a)Liens with respect to taxes, assessments and similar charges in each case that

are not yet delinquent or the nonpayment of which in the aggregate would not reasonably be

expected to have a material adverse effect on the Agilon Entities taken as a whole or which are

being contested in good faith by appropriate proceedings and with respect to which adequate

reserves or other appropriate provisions are being maintained to the extent required by GAAP;

(b)Liens:(i) of landlords or mortgagees of landlords arising by statute and liens

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of suppliers, mechanics, carriers, materialmen, warehousemen or workmen and other liens

imposed by law created in the ordinary course of business for amounts not overdue for a period

of more than 60 days, or that are bonded, or that are beingcontested in good faith byappropriate

proceedings and with respect to which adequate reserves or other appropriate provisions are

being maintained to the extent required by GAAP; (<u>ii</u>) placed by landlords, developers or other

third parties on real property leased by any Agilon Restricted Entity and any subordination or

similar agreements relating thereto; and (<u>iii</u>) in favor of financial institutions encumbering

deposits or other amounts (including the right of set-off) which are within the general parameters

customary in the banking industry;

(c)deposits made in the ordinary course of business in connection with

workers' compensation, unemployment insurance or other types of social security benefits or

other insurance related obligations (including pledges or deposits securing liability to insurance

carriers under insurance or self-insurance arrangements);

(d)encumbrances arising by reason of zoning restrictions, easements,

reservations, covenants, rights-of-way, utility easements, encroachments, building restrictions

and other similar encumbrances on the use of real property that do not, in the aggregate over all

such encumbrances, materially detract from the value of such real property or materially interfere

with the ordinary conduct of the business presently conducted by any Agilon Restricted Entity at

such real property;

(e)encumbrances arising under leases, subleases, licenses or sub-licenses of real

property that do not, in the aggregate over all such encumbrances, materially detract from the

value of such real property or materially interfere with the ordinary conduct of the business

presently conducted by any Agilon Restricted Entity at such real property;

(f)financing statements with respect to a lessor's rights in and to personal

property leased to such Person under operating leases in the ordinary course of such Person's

business;

(g)Liens, pledges or deposits securing (i) the performance of bids, tenders,

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leases or contracts (other than for the repayment of borrowed money) or leases to which such

Person is a party as lessee made in the ordinary course of business, (<u>ii</u>)indemnity, performance

or other similar bonds for the performance of bids, tenders or contracts (other than for the

repayment of borrowed money), (<u>iii</u>) public or statutory obligations or surety, custom or appeal

bonds or (<u>iv</u>) indemnity, performance or other similar bonds in the ordinary course of business;

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(h)Liens arising by reason of any judgment, decree or order of any court or

other Governmental Authority, unless the judgment, decree or order it secures has not, within 30

days after entry of such judgment, been discharged or execution stayed pending appeal, or has

not been discharged within 30 days after the expiration of any such stay;

(i)Liens existing on real property at the time of the acquisition thereof by

Borrower or any of its Restricted Subsidiaries that do not materially detract from the value of

such real property or materially interfere with the ordinary conduct of the business conducted at

such real property at the time of the acquisition thereof by Borrower or any of its Restricted

Subsidiaries or extend to or cover any real property of Borrower or such Restricted Subsidiary

other than the real property being acquired (plus improvements, accessions, proceeds, dividends

or distributions in respect thereof); and

(j)Liens on goods in favor of customs and revenue authorities arising as a

matter of law to secure customs duties in connection with the importation of such goods.

"*<u>Cured Default</u>*" has the meaning set forth in *Section1.4(a)*.

"*<u>Daily Simple SOFR Rate</u>*" means for any day (a "*<u>Daily Simple SOFR Rate</u>*

*<u>Determination Day</u>*"), an interest rate per annum equal to SOFR for the day that is five (5) U.S.

GovernmentSecuritiesBusinessDayspriorto(i)ifsuchDailySimpleSOFRRateDetermination

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Day is a U.S. Government Securities Business Day, such Daily Simple SOFR Rate

Determination Day or (<u>ii</u>) if such Daily Simple SOFR Rate Determination Day is not a U.S.

Government SecuritiesBusiness Day,the U.S.Government SecuritiesBusiness Dayimmediately

preceding such Daily Simple SOFR Rate Determination Day; <u>provided</u> that if by 5:00 a.m.

(Chicago time) on the second (2nd) U.S. Government Securities Business Day immediately

following any Daily Simple SOFR Rate Determination Day, SOFR in respect of such Daily

Simple SOFR Rate Determination Day has not been published on the SOFR Administrator's

Website, then SOFR for such Daily Simple SOFR Rate Determination Day will be SOFR as

published in respect of the first preceding Daily Simple SOFR Rate Determination Day for which

such SOFR was published on the SOFR Administrator's Website; <u>provided</u>, <u>further</u>, that if Daily

Simple SOFR Rate determined as provided above shall ever be less than 0.00%, then Daily

Simple SOFR Rate shall be deemed to be 0.00%.

IfatanytimetheAdministrativeAgentdetermines(whichdeterminationshallbe

conclusive absent manifest error) that (i) the circumstances set forth in *<u>Section 2.14(b)</u>*have

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arisen and such circumstances are unlikely to be temporary or (<u>ii</u>) the circumstances set forth in

*<u>Section 2.14(b)</u>*have not arisen but the SOFR Administrator or a Governmental Authority having

jurisdiction over the Administrative Agent has made a public statement identifying a specific

date after which Daily Simple SOFR Rate shall no longer be used or be representative for

determining interest rates for loans in Dollars (such date, "*<u>Daily Simple SOFR Rate Replacement</u>*

*<u>Date</u>*"), then the Administrative Agent and the Borrower Representative shall endeavor to

establish an alternate rate of interest to Daily Simple SOFR Rate that gives due consideration to

the then prevailing market convention for determining a rate of interest for syndicated loans in

the United States at such time, and shall enter into an amendment to this Agreement to reflect

such alternate rate of interest and such other related changes to this Agreement, including

Benchmark Replacement Conforming Changes, as may be applicable (including amendments to

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the Applicable Margin to preserve the terms of the economic transactions initially agreed to

amongtheBorrowers,ontheonehand,andtheLendersontheotherhand).Notwithstanding

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anything to the contrary herein, such amendment shall become effective without any further

action or consent of any other party to this Agreement.

"*<u>Daily Simple SOFR Rate Loan</u>*" means a Loan that bears interest at a rate based

on the Daily Simple SOFR Rate.

"*<u>Declined</u><u>Amount</u>*" has the meaning set forth in *Section2.9(d)*.

"*<u>Default</u>*" means any event that, with the passing of time or the giving of notice

or both, would become an Event of Default.

"*<u>Default Right</u>*" 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.

"*<u>Defaulting Lender</u>*" means, subject to *Section 2.20(d)*, any Lender that (<u>a</u>) has

failed to (i) fund all or any portion of its Revolving Loans within two Business Days of the date

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such Revolving Loans were required to be funded hereunder, or (<u>ii</u>) pay to the Administrative

Agent, any Issuer or any other Lender any other amount required to be paid by it hereunder

(including in respect of its participation in Letters of Credit) within two Business Days of the

date when due, (<u>b</u>) has notified Borrower, the Administrative Agent or any Issuer in writing that

it does not intend to comply with its funding obligations hereunder, (<u>c</u>) has failed, within five

Business Days after written request by the Administrative Agent or Borrower, to confirm in

writing to the Administrative Agent and Borrower 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 Borrower), (<u>d</u>) has or has a Parent Company that has, other than via an Undisclosed

Administration (i) become the subject of a Bankruptcy Proceeding, (<u>ii</u>) had appointed for it a

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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; *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 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 or (<u>e</u>) has become the subject of a Bail-In Action.Anydetermination by

theAdministrativeAgentthataLenderisaDefaultingLenderunderanyoneormoreof*clauses*

*(a)*through*(e)*aboveshallbeconclusiveandbindingabsentmanifesterror,andsuchLender

shall be deemed to be a Defaulting Lender (subject to *Section 2.20(d)*) upon delivery of written

notice of such determination to Borrower, each Issuer and each Lender.

"*<u>Deposit Account</u>*" has the meaning specified in the UCC. "*<u>Deposit Account</u>*"

includes all money or deposits in a Deposit Account and all certificates, instruments, if any, held

or credited to such Deposit Account.

"*<u>Designated CD&R Agreements</u>*" means the CD&R Consulting Agreement and

those agreements listed on *Schedule 1.1(a)* attached hereto, in each case as in effect on the

Closing Date.

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"*<u>Designation</u><u>Date</u>*"hasthemeaningsetforthin*Section2.22(f)*.

"*<u>Determination</u><u>Date</u>*"means,withrespecttoanyLetterofCredit,themost

recent date upon which one of the followingshall have occurred:(i) the date of issuance of such

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Letter of Credit; (<u>ii</u>) the date on which the applicable Issuer was or is, as applicable, required to

deliver a notice of non-renewal with respect to such Letter of Credit; and (<u>iii</u>) the first Business

Day of each month, commencing on the first such Business Day following the issuance of such

Letter of Credit.

"*<u>Discharge</u>*" means to repay, repurchase, redeem, defease or otherwise acquire,

retire or discharge; and the term "Discharged" shall have a correlative meaning.

"*<u>Discount</u><u>Prepayment</u><u>Accepting</u><u>Lender</u>*"hasthemeaningsetforthin

*Section2.8(c)(ii)(B)*.

"*<u>Discount</u><u>Range</u>*"has themeaningset forthin*Section 2.8(c)(iii)(A)*.

"*<u>Discount</u><u>Range</u><u>Prepayment</u><u>Amount</u>*"hasthemeaningsetforthin

*Section2.8(c)(iii)(A)*.

"*<u>Discount Range Prepayment Notice</u>*" means a written notice of Borrower

Solicitation of Discount Range Prepayment Offers made pursuant to *Section 2.8(c)(iii)*

substantially in the form of *Exhibit O*.

"*<u>Discount Range Prepayment Offer</u>*" means the irrevocable written offer by a

Term Loan Lender, substantially in the form of *Exhibit P*, submitted in response to an invitation

to submit offers following the Administrative Agent's receipt of a Discount Range Prepayment

Notice.

"*<u>Discount</u><u>Range</u><u>Prepayment</u><u>Response</u><u>Date</u>*"hasthemeaningsetforthin

*Section2.8(c)(iii)(A)*.

"*<u>Discount Range Proration</u>*" has the meaning set forth in *Section 2.8(c)(iii)(C)*.

"*<u>Discounted</u><u>Prepayment</u><u>Determination</u><u>Date</u>*"hasthemeaningsetforthin

*Section2.8(c)(iv)(C)*.

"*<u>Discounted Prepayment Effective Date</u>*" means, in the case of a Borrower Offer

of Specified Discount Prepayment or Borrower Solicitation of Discount Range Prepayment

Offers, five Business Days following the receipt by each relevant Term Loan Lender of notice

from the Administrative Agent in accordance with *Section 2.8(c)(ii)*, *Section 2.8(c)(iii)* or

*Section 2.8(c)(iv)*, as applicable, unless a shorter period is agreed to between Borrower and the

Administrative Agent.

"*<u>Discounted</u><u>Term</u><u>Loan</u><u>Prepayment</u>*"hasthemeaningsetforthin*Section*

*2.8(c)(i)*.

"*<u>Disinterested Director</u>*" has the meaning set forth in *Section 8.8*.

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"*<u>Disposition</u>*" has the meaning set forth in *Section 8.4*.

"*<u>Disqualified Capital Stock</u>*" means any Stock which, by its terms (or by the

terms of any security into which it is convertible or for which it is exchangeable) or upon the

happening of any event, (<u>a</u>) is mandatorily redeemable, in whole or in part, prior to the date that

is 91 days after the Latest Maturity Date, pursuant to a sinking fund obligation or otherwise, or is

redeemable at the option of the holder thereof, in whole or in part, (<u>b</u>) is convertible into or

exchangeable (unless at the sole option of the issuer thereof) prior to the date that is 91 days after

theLatestMaturityDate,forIndebtednessoranyStockreferredtoin*clause(a)*above,or

(<u>c</u>) contains any mandatory repurchase obligation which comes into effect prior to the Latest

Maturity Date; *provided* that any Stock that would not constitute Disqualified Capital Stock but

for provisions thereof giving holders thereof (or the holders of any security into or for which

such Stock is convertible, exchangeable or exercisable) the right to require the issuer thereof to

redeem such Stock upon the occurrence of a change in control or a sale or other Disposition of

property or assets shall not constitute Disqualified Capital Stock.

"*<u>Disqualified Institution</u>*" means (<u>a</u>) any Person designated in writing by

Borrower or CD&R to the Administrative Agent in writing prior to the Closing Date or (<u>b</u>) any

competitor of Borrower or its Subsidiaries or any of such competitors' Affiliates.

"*<u>Division</u>*" has the meaning set forth in *Section 1.4(l)*.

"*<u>Dollars</u>*"andthesign"*<u>$</u>*"eachmeanthelawfulmoneyoftheUnitedStatesof

America.

"*<u>Domestic</u><u>Subsidiary</u>*"meansanySubsidiaryofBorrowerthatisnotaForeign

Subsidiary.

"*<u>EBITDA</u>*" means for any period, Consolidated Net Income for such period

adjusted to exclude (or, in the case of *clauses (p)*, *(q)*and (*u*) below, include) the following items

(without duplication) to the extent that (other than in the case of *clauses (p)*, *(q)* and *(u)* below)

any such item is included in the calculation of Consolidated Net Income for such period:

(a)Consolidated Interest Expense;

(b)anynon-cashexpenses andcharges (excludingnon-cashcharges that are

accrued or reserved for cash charges in a future period);

(c)the provision or benefit for taxes with respect to income, profits or capital,

including franchise, excise and similar taxes (whether paid, or unpaid, estimated or accrued);

(d)depreciation expense;

(e)the expense associated with amortization of intangible and other assets

(including amortization or other expense recognition of any costs associated with asset write-ups

in accordance with FAS Nos. 141 and 142);

(f)non-cash provisions for reserves for discontinued operations;

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(g)any extraordinary, unusual, nonrecurring, exceptional, special or infrequent

gain, loss or charge and any other gain, loss or charge not in the ordinary course of business (as

reasonably determined and calculated by the Borrower in good faith, which determination shall

be conclusive) (including fees, expenses and charges (or any amortization thereof) associated

with the Transactions or any acquisition, merger or consolidation, whether or not completed),

any severance, relocation, consolidation, closing, integration, facilities opening, business

optimization and/or similar initiatives or programs, transition or restructuring costs, charges or

expenses (whether or not classified as restructuring costs, charges or expenses on the

consolidated financial statements of the Borrower), any signing, stretch, retention or completion

bonuses,andanycostsassociatedwithcurtailmentsormodificationstopensionand

post-retirement employee benefit plans;

(h)any gain or loss associated with the sale or write-down of assets not in the

ordinary course of business;

(i)any income or loss attributable to non-controlling interests;

(j)any income or loss accounted for by the equity method of accounting

(except in the case of income to the extent of the amount of cash dividends or cash distributions

paid to Borrower or any of its Subsidiaries by the entity accounted for by the equity method of

accounting);

(k)cash expenses related to the conversion of various employee benefit

programsinconjunctionwiththeTransactionsoranyPermittedAcquisition,andon-going

non-cash compensation-related expenses;

(l)the cumulative effect of a change in accounting principles;

(m)any unrealized gains or losses in respect of currency exchange and/or

hedging agreements;

(n)any unrealized foreign currency transaction gains or losses in respect of

Indebtedness of any Person denominated in a currency other than the functional currency of such

Person;

(o)management fees actually paid to CD&R or any one of its Affiliates pursuant

to the CD&R Consulting Agreements as in effect on the Closing Date or any successor

agreement;*provided*thatthemaximumamountofsuchmanagementfeespayableforsuchperiod

under any successor agreement are no greater than the amount that would have been payable

under the CD&R Consulting Agreements as in effect on the Closing Date;

(p)the amount of net cost savings projected byBorrower ingood faith to be

realized following:

(i)[reserved];

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(ii)any Permitted Acquisition as a result of specified actions that are

taken or to be taken within 24 months of the closing of such Permitted

Acquisition; and

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(iii)any operational change as a result of specified actions that are taken

or to be taken within the following 24 months from the time theoperational

change was implemented,

ineachcasecalculatedonaProFormaBasisasthoughsuchcostsavings

had been realized on the first day of such period (including net cost savings projected to

be realized as a result of the operation of the business on a stand-alone basis), net of the

amountofactualbenefitsrealizedduringsuchperiodfromsuchactions;*provided*that

(<u>x</u>) such cost savings and synergies are reasonably identifiable, factually supportable and

certified by the chief financial officer or treasurer of Borrower, and (<u>y</u>) such cost savings

and synergies are in an aggregate amount not to exceed, in any Financial Covenant

Period, the greater of $10,000,000 and 25% of EBITDA (after giving effect to the

operation of this *clause (p)*) for such Financial Covenant Period;

(q)only with respect to determining compliance with *Section 5.1* hereof,any

Specified Equity Contribution;

(r)any expense related to earnouts and contingent consideration obligations

(whether accounted for as bonuses, compensation or otherwise) and adjustments thereof and

purchase price adjustments;

(s)[reserved];

(t)commencingwiththeFiscalQuarterendingMarch31,2021andthrough and

including the Fiscal Quarter ending March 31, 2022 any expenses related to actual or potential

expansions (whether or not consummated) into new markets or resulting from any Person

entering into new contracts or the actual or potential entry (whether or not consummated) into

new ventures and any operating losses associated with any such expansion or entry incurred

within the first eight Fiscal Quarters (commencing with the Fiscal Quarter in which the Borrower

or any Restricted Subsidiary begins to generate revenue from the relevant new market expansion

or entry) following the relevant expansion or entry; *provided* that the aggregate amount of

expenses and losses in connection with any such expansion or entry for the fifth, sixth, seventh

and eighth Fiscal Quarters following the relevant expansion or entry (commencing with the fifth

Fiscal Quarter following the Fiscal Quarter in which the Borrower or any Restricted Subsidiary

begins to generate revenue from the relevant new market expansion or entry) (such expenses and

losses in connection with such expansion or entry, "*<u>Year 2 Losses</u>*") shall, when combined with

the aggregate amount of Year 2 Losses in connection with all other such expansions or entries,

not exceed $15,000,000; and

(u)for all Fiscal Quarters prior to and including the Fiscal Quarter ended

September 30, 2023, any corporate overhead costs and expenses of Holdings, the Borrower and

its subsidiaries.

"*<u>ECF</u><u>Acquisition</u>*"hasthemeaning setforthin*clause(o)* of the definition of

"*<u>Excess Cash Flow</u>*."

"*<u>ECF</u><u>Disposition</u>*"hasthemeaning set forth in *clause (o)* of the definition of

"*<u>Excess Cash Flow</u>*."

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"*<u>ECF</u><u>Payment</u><u>Date</u>*"hasthemeaningsetforthin*Section2.9(b)*.

"*<u>EEA Financial Institution</u>*" means (<u>a</u>) any credit institution or investment firm

established in any EEA Member Country which is subject to the supervision of an EEA

Resolution Authority, (<u>b</u>) anyentityestablished in an EEAMember Countrywhich is a parent of

an institution described in *clause (a)* of this definition and is subject to the supervision of an

EEA Resolution Authority, or (<u>c</u>) 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 of an EEA Resolution Authority with its parent.

"*<u>EEA</u><u>Member</u><u>Country</u>*"meansanyofthememberstatesoftheEuropeanUnion,

Iceland, Liechtenstein, and Norway.

"*<u>EEA Resolution Authority</u>*" 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.

"*<u>Eligible Assignee</u>*" means, (i) a Lender or any Affiliate or Approved Fund of

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any Lender (any two or more Approved Funds of a Lender being treated as a single Eligible

Assignee for all purposes hereof); (<u>ii</u>) any Permitted Affiliated Assignee; or (<u>iii</u>) any other

assignee; *provided* that neither Borrower nor any Affiliate of Borrower shall be an Eligible

Assignee other than a Permitted Affiliated Assignee; *provided*, *further*, that (<u>x</u>) no Disqualified

InstitutionshallbeanEligibleAssigneeunlessBorrowershallotherwiseconsentinwritingand

(<u>y</u>)no naturalperson shall bean Eligible Assignee.

"*<u>Environment</u>*" means any of the following media:(<u>a</u>) land, including surface

land, subsurface strata, sea bed and river bed under water (as defined in *clause (b)* hereof) and

any natural or man-made structures; (<u>b</u>) water, including coastal and inland waters, surface

waters,groundwaters,drinkingwatersuppliesandwatersindrainsandsewers,surfaceand

sub-surface strata; and (<u>c</u>) air, including indoor and outdoor air and air within buildings and other

man-made or natural structures above or below ground, including any living organism or system

supported by any such media.

"*<u>Environmental Claim</u>*" means anylegal proceeding, written claimor allegation,

notice of violation, order or directive (conditional or otherwise), judgment or Lien byanyPerson

relating to, resulting from or based upon an Environmental Matter.

"*<u>Environmental Laws</u>*" means any and all U.S. or foreign federal, state,

provincial, territorial, foreign, local or municipal laws, rules, orders, enforceable guidelines,

orders-in-council, regulations, statutes, ordinances, codes, decrees, and such requirements of any

Governmental Authority properly promulgated and having the force and effect of law or other

Requirements of Law (including common law) regulating or imposing liability or standards of

conduct concerning pollution, protection of human health and safety as it relates to exposure to

harmful or deleterious substances, the environment or natural resources as have been, or now or

at any relevant time hereafter are, in effect.

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"*<u>Environmental Liabilities and Costs</u>*" means, with respect to any Person, all

liabilities, obligations, responsibilities, Remedial Actions, losses, damages, punitive damages,

consequentialdamages,trebledamages,costsandexpenses(includingallfees,disbursements

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and expenses of counsel, experts and consultants and costs of investigation and feasibility

studies), fines, penalties, sanctions and interest incurred as a result of any claim or demand by

any other Person (whether based in contract, tort, implied or express warranty, strict liability,

criminal or civil statute), and whether arising under any Environmental Law, Environmental

Permit, order or agreement with any Governmental Authority or other Person, in each case

relating to any environmental condition, health or safety condition (as related to exposure to any

Contaminant) or to any Release or threatened Release and resulting from the past, present or

future operations of, or ownership of property by, such Person or any of its Subsidiaries.

"*<u>Environmental Lien</u>*" means any Lien in favor of any Governmental Authority

for Environmental Liabilities and Costs.

"*<u>Environmental Matters</u>*" means:(<u>a</u>) pollution or contamination or the

significant threat of pollution or contamination of the Environment, including soil or

groundwater contamination or the occurrence or the existence of or the continuation of the

existence of a Release (including sudden or non-sudden, accidental or non-accidental leaks or

spills); (<u>b</u>) the handling, storage, treatment, disposal, release, spillage, deposit, escape, discharge,

leak, emission, leaching or migration of any Contaminant; (<u>c</u>) exposure of any person to any

Contaminant; (<u>d</u>) the violation, or alleged violation of any Environmental Law or any

Environmental Permit; (e) the creation of any adverse impact on the Environment; or (f) any

other matters relating to the condition, protection, maintenance, restoration or replacement of the

Environment or any part of it arising directly or indirectly out of the generating, manufacturing,

processing, treatment, storage, keeping, handling, use (including as a building material),

possession, supply, receipt, sale, purchase, import, export, transportation or presence of any

Contaminant.

"*<u>Environmental Permits</u>*" means any and all permits, licenses, registrations,

notifications, exemptions and any other authorization required under any Environmental Law.

"*<u>ERISA</u>*" means the Employee Retirement Income Security Act of 1974, as

amended (or any successor legislation thereto).

"*<u>ERISA Affiliate</u>*" means any corporation or trade or business (whether or not

incorporated) that is required to be treated as a single employer with Holdings or Borrower

within the meaning of Section 414(b), (c), (m) or (o) of the Code.

"*<u>ERISA Event</u>*" means (<u>a</u>) a reportable event described in Section 4043(b) or

4043(c)(1), (2), (3), (5), (6), (8) or (9) of ERISA with respect to a Title IV Plan or a

Multiemployer Plan, (<u>b</u>) the withdrawal of Borrower or any ERISA Affiliate from a Title IV Plan

subject to Section 4063 of ERISA during a plan year in which it was a substantial employer, as

defined in Section 4001(a)(2) of ERISA, (<u>c</u>) the complete or partial withdrawal (within the

meaning of Sections 4203 and 4205 of ERISA) of Borrower or any ERISA Affiliate from any

Multiemployer Plan, (<u>d</u>) the insolvency of a Multiemployer Plan, (<u>e</u>) the filing of a notice of

intent to terminate a Title IV Plan in a distress termination or the treatment of a plan amendment

as a distress termination under Section 4041 of ERISA, (f) the institution of proceedings to

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terminate, orappointatrusteeto administer, aTitle IV Plan or Multiemployer Plan by the

PBGC, (<u>g</u>) the failure to make any required contribution to a Title IV Plan (sufficient to give rise

toaLienunderSection430oftheCodeorSection303ofERISA)orMultiemployerPlan,

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(<u>h</u>) the imposition of a lien under Section 430 of the Code or Section 303 of ERISA on Holdings,

BorroweroranyERISAAffiliateor(i) thereceiptbyBorroweroranyERISAAffiliateofan

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inquiry from the PBGC under the Early Warning Program or Risk Mitigation Program, or any

substantially equivalent inquiry by the PBGC, which indicates the existence of any other event or

condition that could reasonably be expected to constitute grounds under Section 4042 of ERISA

for the termination of, or the appointment of a trustee to administer, any Title IV Plan.

"*<u>EU Bail-In Legislation Schedule</u>*" means the EU Bail-In Legislation Schedule

published by the Loan Market Association (or any successor person), as in effect from time to

time.

"*<u>Existing Letters of Credit</u>*" means the letters of credit outstanding on the

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Closing<u>Third Amendment Effective</u>Date and identified on *Schedule 1.1(b)*.

"*<u>Event of Default</u>*" means any of the events specified in*Section 9.1*.

"*<u>Excess</u><u>Cash</u><u>Flow</u>*"meansforanyperiod,EBITDA*minus*,without duplication,

(a)any Capital Expenditures made in cash (to the extent not financed by the

incurrence of long term Indebtedness or any Excluded Contribution designated for such purpose)

during such period, *minus*

(b)any scheduled cash principal payments actually made of the Loans and any

principal payments, purchases or other retirements of Indebtedness (other than Obligations) (with

respect to any revolving facility, only to the extent such payment is accompanied by a

corresponding commitment reduction), *minus*

(c)Consolidated Interest Expense for such period, *minus*

(d)any Taxes paid or payable with respect to such period in cash,*minus*

(e)[reserved]

(f)to the extent not otherwise reflected in a reduction of EBITDA, any

Restricted Payments actually paid in cash during such period by Borrower, so long as such

Restricted Payments are expressly permitted by*Section 8.5* (other than *clauses (a)*, *(c)*, *(j)*and *(k)*

of *Section 8.5*)*, minus*

(g)to the extent not otherwise reflected in a reduction of EBITDA, the amount

of any cash contributions required by law to be made by Borrower or any of its Subsidiaries to

any Plan and actually paid during such period, *minus*

(h)to the extent included in calculating EBITDA, any cash expensesrelating to

the Transactions, Permitted Acquisition or initial public offering of Parent or any ofits

subsidiaries and actually paid during such period, *minus*

(i)any income or loss accounted for by the equity method of accounting

(except in the case of income to the extent of the amount of Restricted Payments paid in cash to

Borrower or any other Loan Party by the entity accounted for by the equity method of

accounting); *minus*

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(j)any extraordinary, unusual, nonrecurring, exceptional, special or infrequent

gain, loss or charge and any other gain, loss or charge not in the ordinary course of business (as

reasonably determined and calculated by the Borrower in good faith, which determination shall

be conclusive) (including fees, expenses and charges (or any amortization thereof) associated

with the Transactions or any acquisition, merger or consolidation, whether or not completed),

any severance, relocation, consolidation, closing, integration, facilities opening, business

optimization and/or similar initiatives or programs, transition or restructuring costs, charges or

expenses (whether or not classified as restructuring costs, charges or expenses on the

consolidated financial statements of the Borrower), any signing, stretch, retention or completion

bonuses,andanycostsassociatedwithcurtailmentsormodificationstopensionand

post-retirement employee benefit plans; *minus*

(k)to the extent included in calculatingEBITDA, the amount of net income of

any Foreign Subsidiary of such Person that is subject to any restriction or limitation on the

payment of dividends or the making of other distributions (other than to the extent such

dividends or payments have been made or such restriction or limitation is no longer applicable);

*minus*

(l)anyamountsaddedto thecalculationof EBITDApursuantto*clauses (l)*

and*(p)*ofthedefinition thereofforsuchperiod; *minus*

(m)other cash expenditures during such period that were added back in

determining EBITDA pursuant to the definition thereof; *minus*

(n)cash payments in respect of long-term pension liabilities (other than

Indebtedness) made during such period; *plus*

(o)decreases in Consolidated Working Capital for such period (other than any

such decreases arising (<u>x</u>) from any acquisition or disposition of (<u>a</u>) any business unit, division,

line of business or Person or (<u>b</u>) any assets other than in the ordinary course of business (each, an

"*<u>ECF Acquisition</u>*" or "*<u>ECF Disposition</u>*", respectively) by the Borrower and the Restricted

Subsidiaries completed during such period, (<u>y</u>) from the application of purchase accounting or (<u>z</u>)

as a result of the reclassification of any balance sheet item from short-term to long-term or vice

versa); *minus*

(p)increases in Consolidated Working Capital for such period (other than any

such increases arising (<u>x</u>) from any ECF Acquisition or ECF Disposition by the Borrower and the

Restricted Subsidiaries completed during such period, (<u>y</u>) from the application of purchase

accounting or(<u>z</u>) asaresultofthe reclassification ofany balance sheetitem from short-term

to long-term or vice versa).

"*<u>Exchange Act</u>*" means the Securities Exchange Act of 1934, as amended.

"*<u>Excluded</u><u>Contribution</u>*"meanstheaggregateNetCashProceedsortheFair

MarketValueofassetsorpropertyreceivedbyBorrowerascapitalcontributionstoBorrower

after the Closing Date from Holdings or from the issuance or sale (other than to a Subsidiary) of

StockorStockEquivalentsbyBorroweroranyParentEntityaftertheClosingDate(otherthan

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(a)Specified EquityContributions and (<u>b</u>) anysuch Stockissued to Management Investors or to

directors or employees in connection with compensation arrangements, but only to the extent the

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purchase of such Stock is financed by loans or advances from Holdings, Borrower or any of its

Restricted Subsidiaries to such Management Investors, directors or employees), in each case not

includedinthecalculationofAvailableAmountandtotheextentdesignatedforpurposesof

(i)[Reserved], (<u>ii</u>)Investments pursuant to *Section 8.3(v),* (<u>iii</u>)payments, prepayments,

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repurchases or redemptions to be made pursuant to *Section 8.12(a),* or (<u>iv</u>) Restricted Payments

pursuant to *Section 8.5(j)*.

"*<u>Excluded Liability</u>*" means any liability that is excluded under the Bail-In

Legislation from the scope of any Bail-In Action including, without limitation, any liability

excluded pursuant to Article 44 of the Bank Recovery and Resolution Directive.

"*<u>Excluded Subsidiary</u>*" means at any date of determination, any Subsidiary of

Borrower designated as such in writing by Borrower to the Administrative Agent:

(a)thatis anImmaterial Subsidiary;

(b)that is prohibited by Requirement of Law (or, in the case of any newly

acquired Subsidiary, by agreements or arrangements in existence at the time of acquisition but

not entered into in contemplation thereof) from guaranteeing or granting Liens to secure the

Obligations or whose entry into the provisions of a guarantee or granting of a Lien to secure the

Obligations would require governmental (including regulatory) consent, approval, license or

authorization unless such consent, approval, license or authorization has been received;

(c)with respect to which Borrower and the Administrative Agentreasonably

agree that the cost of providing a guarantee of the Obligations shall be excessive in view of the

benefits to be obtained by the Lenders therefrom;

(d)with respect to which the provision of a guarantee of the Obligations would

result in material adverse tax consequences to Holdings or any of its Subsidiaries (as reasonably

determined by Borrower);

(e)that is a joint venture or any non-Wholly Owned Subsidiary;

(f)that is an Unrestricted Subsidiary;

(g)that is a Subsidiary of a Foreign Subsidiary;

(h)that is a Captive Insurance Subsidiary;

(i)that is a not-for-profit Subsidiary;

(j)that is a Special Purpose Entity; or

(k)that is a Subsidiary formed solely for the purpose of (<u>x</u>) becoming a Parent

Entity, or (<u>y</u>)mergingwith the Borrower in connection with another Subsidiarybecoming a

Parent Entity, in each case to the extent such entity becomes a Parent Entity or is merged with

the Borrower within 60 days of the formation thereof, or otherwise creating or forming a Parent

Entity.

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<u>Notwithstanding anything to the contrary set forth herein, no Subsidiary Guarantor that becomes</u>

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<u>an</u><u>Excluded</u><u>Subsidiary</u><u>by</u><u>virtue</u><u>of</u><u>becoming</u><u>non-wholly</u><u>owned</u><u>shall</u><u>be</u><u>automatically</u><u>released</u>

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<u>from its obligations under the applicable Guaranty (and Collateral owned by such Subsidiary</u>

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<u>Guarantor</u><u>shall</u><u>not</u><u>be</u><u>automatically</u><u>released)</u><u>unless</u><u>such</u><u>Subsidiary</u><u>Guarantor</u><u>becomes</u><u>a</u>

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<u>non-wholly-owned Subsidiary as a result of a bona fide joint venture transaction or other</u>

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<u>strategic transaction permitted hereunder and entered into for fair market value or a bona fide</u>

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<u>business purpose (as determined by the Borrower in good faith, which determination shall be</u>

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<u>conclusive), in each case, with any Person that is not an Affiliate of the Borrower;</u> *<u>provided</u>*<u>, that</u>

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<u>any transaction</u><u>entered into for the primary purpose of releasing any Lien granted to or held by</u>

<u>theCollateralAgentuponCollateralownedbysuchSubsidiaryGuarantororreleasingany</u>

<u>Guaranty of the Obligations shall be deemed not to be for a bona fide business</u> <u>purpose.</u>

"*<u>Excluded</u><u>Taxes</u>*"means,withrespecttotheAdministrativeAgent,anyIssueror

any Lender or its applicable Lending Office, or any branch or affiliate thereof, (<u>a</u>) any Taxes

measured by or imposed upon the net income of such Person, Lending Office, branch or affiliate

(however denominated), and all franchise Taxes, branch Taxes, Taxes on doing business or

Taxes measured by or imposed upon the overall capital or net worth of such Person, Lending

Office, branch or affiliate in each case imposed (i) by the jurisdiction under the laws of which

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such Person, Lending Office, branch or affiliate is organized or located, or in which its principal

executive office is located, or any nation within which such jurisdiction is located or any

political subdivision thereof or (<u>ii</u>) by reason of any activity or other connection of such Person

in or with the jurisdiction imposing such Tax, excluding any activity or connection arising solely

from such Person having executed, delivered or performed its obligations under, or received

paymentunderorenforced,anyLoanDocument,(<u>b</u>) anyTaxesarisingunderFATCAand

(<u>c</u>) any Taxes that the Loan Parties are not required to indemnify for pursuant to the last sentence

of *Section 2.16(a)* or pursuant to *Section 2.17(c)*.

"*<u>Existing Credit Facilities</u>*" means the credit facilities provided by the Credit

Agreement, dated as of July 1, 2016, among the Borrower, Holdings, the subsidiary borrowers

from time to time party thereto, the lenders from time to time party thereto and Deutsche Bank

AG New York Branch, as administrative agent (as amended, supplemented, waived or otherwise

modified from time to time).

"*<u>Existing Credit Facilities Refinancing</u>*" means the repayment of all amounts

outstanding under the Existing Credit Facilities using the proceeds of the Initial TermLoans and

Initial RevolvingLoans (if any) made on the ClosingDate, the termination of the ExistingCredit

Facilities, the termination of all guarantees supporting the Existing Credit Facilities and the

release of all Liens securing the Existing Credit Facilities.

"*<u>Existing Credit Facilities Refinancing Date Transactions</u>*" means collectively,

any or all of the following (whether taking place prior to, on or following the date hereof): (i) the

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entry into this Agreement and the other Loan Documents and the incurrence of Indebtedness

hereunder, (<u>ii</u>)the use of the proceeds from *clause (i)* above to consummate the Existing Credit

Facilities Refinancing, (<u>iii</u>) the use of the proceeds from *clause (i)* above to consummate the

refinancing of the Arawak Facility and (<u>iv</u>) all other transactions relating to any of the foregoing

(including payment of fees and expenses related to any of the foregoing).

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"*<u>Existing</u><u>Loans</u>*" has the meaning set forth in *Section 2.22(a)*.

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"*<u>Existing Revolving Loans</u>*" has the meaning set forth in *Section 2.22(a)*.

"*<u>Existing</u><u>Revolving</u><u>Tranche</u>*"hasthemeaningsetforthin*Section2.22(a)*.

"*<u>Existing Term Loans</u>*" has the meaning set forth in *Section 2.22(a)*.

"*<u>Existing Term Tranche</u>*" has the meaning set forth in *Section 2.22(a)*.

"*<u>Existing Tranche</u>*" has the meaning set forth in *Section 2.22(a)*.

"*<u>Extended Loans</u>*" has the meaning set forth in *Section 2.22(a)*.

"*<u>Extended</u><u>Revolving Commitments</u>*" has the meaning set forth in *Section2.22(a)*.

"*<u>Extended</u><u>Revolving</u><u>Loans</u>*"means loansmadepursuant toExtendedRevolving

Commitments.

"*<u>Extended</u><u>Revolving</u><u>Tranche</u>*"hasthemeaningsetforthin*Section2.22(a)*.

"*<u>Extended Term Loans</u>*" has the meaning set forth in *Section 2.22(a)*.

"*<u>Extended Term Tranche</u>*" has the meaning set forth in *Section 2.22(a)*.

"*<u>Extended Tranche</u>*" has the meaning set forth in *Section 2.22(a)*.

"*<u>Extending Lender</u>*" has the meaning set forth in *Section 2.22(b)*.

"*<u>Extension</u>*" has the meaning set forth in *Section 2.22(b)*.

"*<u>Extension</u><u>Amendment</u>*"hasthemeaningsetforthin*Section2.22(c)*.

"*<u>Extension Date</u>*" has the meaning set forth in *Section 2.22(d)*.

"*<u>Extension Election</u>*" has the meaning set forth in *Section 2.22(b)*.

"*<u>Extension Request</u>*" has the meaning set forth in *Section 2.22(a)*.

"*<u>Facilities</u>*" means (<u>a</u>) the Term Loan Facility, (<u>b</u>) the Revolving Credit Facility

and (<u>c</u>) any Specified Refinancing Facilities.

"*<u>Fair</u><u>Market</u><u>Value</u>*"means (<u>a</u>) with respect to any asset or group of assets

(other than a marketable Security) at any date, the value of the consideration obtainable in a sale

of such asset at such date assuming a sale by a willing seller to a willing purchaser dealing at

arm's length basis, as determined in good faith by Borrower (provided that, if such asset or group

of assets shall have been the subject of a relatively contemporaneous appraisal by an independent

third party appraiser, the basic assumptions underlying which have not materially changed since

itsdate,thevaluesetforthinsuchappraisalshallbedeemedtobetheFairMarketValue)and

(b)with respect to any marketable Securityat anydate, the closingsale price of such Securityon

theBusinessDaynextprecedingsuchdate,asappearinginanypublishedlistofanynational

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securities exchange or the NASDAQ Stock Market or, if there is no such closing sale price of

such Security, the average of the final price for the purchase of such Security at face value

quoted on such Business Day by two financial institutions of recognized standing regularly

dealing in Securities of such type and selected by Borrower.

"*<u>FATCA</u>*" means Sections 1471 through 1474 of the Code as in effect on the

Closing Date (and any amended or successor provisions that are substantively comparable), any

regulations promulgated thereunder or any official interpretation thereof, any agreements entered

into pursuant to Section 1471(b)(1) of the Code, any intergovernmental agreement entered into in

connection with any of the foregoing and any fiscal or regulatory legislation, rules or practices,

adopted pursuant to any such intergovernmental agreement.

"*<u>Federal Funds Rate</u>*" means, for any period, a fluctuating interest rate per

annum equal for each day during such period to the weighted average of the rates on overnight

Federal funds transactions with members of the Federal Reserve System arranged by Federal

funds brokers, as published for such day (or, if such day is not a Business Day, for the next

preceding Business Day) by the Federal Reserve Bank of New York, or, if such rate is not so

published for any day that is a Business Day, the average of the quotations for such day on such

transactions received by the Administrative Agent from three Federal funds brokers of

recognized standingselected by it; provided that if the Federal Funds Rate is less than zero, such

rate shall be deemed to be zero for purposes of this Agreement.

"*<u>Federal Reserve Board</u>*" means the Board of Governors of the United States

Federal Reserve System, or any successor thereto.

"*<u>Fee Letter</u>*" means the letter dated as of February 18, 2021, addressed to the

Borrower from the Administrative Agent with respect to certain fees to be paid to the

Administrative Agent in connection with this Agreement.

"*<u>Financial Covenant Debt</u>*" means, with respect to any Person, without

duplication, Indebtedness of the type specified in *clauses (a)* through *(d)* and *clauses (h)* and *(i)*

of the definition of "*<u>Indebtedness</u>*" plus, without duplication, any Guaranty Obligations in

respect thereof; *provided* that Indebtedness of the type specified in *clause (d)* of the definition

thereof shall onlybe included on the date Indebtedness of such Person is beingdetermined to the

extent such Indebtedness identified in such clause constitutes a non-contingent reimbursement

obligation owing at such time; *provided further* that, on any date on which any Supplemental

Revolving Credit Commitments or Incremental Revolving Credit Commitments are provided

pursuant to *Section2.21*, such Supplemental Revolving Credit Commitment and Incremental

Revolving Credit Commitment will be treated as fully drawn for purposes of determining the

amount of Financial Covenant Debts of and solely on such date.

"*<u>Financial Covenant Period</u>*" means, as of any date of determination, the four

preceding Fiscal Quarters ending with the last day of the last Fiscal Quarter ending prior to such

date.

"*<u>Financial Statements</u>*" means the financial statements delivered in accordance

with *Sections 4.4* and *6.1*.

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"*<u>Financing Disposition</u>*" means any sale, transfer, conveyance or other

disposition by Borrower or any of its Subsidiaries of any Securitization Asset for the Fair Market

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Value thereof to any Special Purpose Entity (including any Lien on such Receivables), in each

case in connection with the incurrence by a Special Purpose Entity of Indebtedness under and

pursuant to a Securitization Facility, or obligations to make payments to the obligor on such

Indebtedness.

"*<u>Financing Lease</u>*" means anylease of property, real or personal, the obligations

of the lessee in respect of which are required to be classified and accounted for as a financing

lease (and not, for the avoidance of doubt, as an operating lease) on the balance sheet of such

lessee for financial reporting purposes in accordance with GAAP prior to the adoption of

Accounting Standards Update No. 2016-02, Leases (Topic 842) by the Financial Accounting

Standards Board (and all calculations and deliverables under this Agreement (other than those

made under *Section 7.1*) shall be made or delivered, as applicable, based on GAAP as in effect

prior to such adoption).The stated maturity of any Financing Lease shall be the date of the last

payment of rent or any other amount due under the related lease.

"*<u>Financing</u><u>Lease</u><u>Obligation</u>*"meansanobligationunderanyFinancingLease.

"*<u>Financing Parties</u>*" has the meaning set forth in *Section 11.23*.

"*<u>First Lien Debt</u>*" means as of any date of determination, with respect to any

Person, the aggregate amount of Financial Covenant Debt of such Person that in each case is then

securedbyLiensonpropertyorassetsofBorroweroritsRestrictedSubsidiaries(otherthan

(i) property or assets irrevocably held in a defeasance or similar trust or arrangement for the

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benefit of the Indebtedness secured thereby and (<u>ii</u>) any Financial Covenant Debt secured by a

Lien on Collateral ranking junior to the Lien securing the Obligations pursuant to an Intercreditor

Agreement or an Other Intercreditor Agreement; *provided* that, any Indebtedness incurred under

an Incremental Facility on a junior Lien basis or on an unsecured basis shall be treated as, and

included in the amount of, First Lien Debt).

"*<u>First Lien Leverage Ratio</u>*" means, with respect to any person for any period,

the ratio of (<u>a</u>) First Lien Debt of such Person and its Restricted Subsidiaries determined on a

consolidated basis in accordance with GAAP as of the last day of such period *minus* the

aggregate amount of Unrestricted Cash and Cash Equivalents held by such Person and its

Restricted Subsidiaries (excluding, for the avoidance of doubt, any Unrestricted Cash and Cash

Equivalents irrevocably held in a defeasance or similar trust arrangement for the benefit of any

Indebtedness (other than First Lien Debt) secured thereby and the proceeds of any Indebtedness

that are (in the good faith judgment of the Borrower) not intended to be used for working capital

purposes) to (<u>b</u>) EBITDA for such Person and its Restricted Subsidiaries for such period.

"*<u>Fiscal Quarter</u>*" means any period of three consecutive months ending on

March 31, June 30, September 30 or December 31 of any calendar year.

"*<u>Fiscal</u><u>Year</u>*"meanstheperiodof12consecutivemonthsendingon

December 31 of any calendar year.

"*<u>Fixed GAAP Date</u>*" means the Closing Date, *provided* that at any time after the

Closing Date, Borrower may by written notice to the Administrative Agent elect to change the

Fixed GAAP Datetobethedatespecified insuch notice, and uponthe reasonable consentofthe

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Administrative Agent to such election, the Fixed GAAP Date shall be such date for all periods

beginning on and after the date specified in such notice.

"*<u>Fixed GAAP Terms</u>*" means (<u>a</u>) with respect to the covenants contained in

*Article V* and all defined terms relating thereto, the term "operating lease" and the defined terms

"Accounts Receivable", "Capital Expenditures", "Consolidated Interest Expense", "Consolidated

Net Income", "Consolidated Total Assets", "Consolidated Working Capital", "EBITDA",

"Excess Cash Flow", "Financial Covenant Debt", "First Lien Debt", "First Lien Leverage Ratio",

"Leverage Ratio", "Liquidity", "Indebtedness", "Inventory" and "Net Cash Proceeds", (<u>b</u>) all

defined terms in this Agreement to the extent used in or relating to any of the foregoing

definitions, and all ratios and computations based on any of the foregoing definitions, and (<u>c</u>) any

other term or provision of this Agreement or any other Loan Document that, at Borrower's

election as reasonably agreed by the Administrative Agent, may be specified by Borrower by

written notice to the Administrative Agent from time to time.

**"***<u>Flood</u><u>Program</u>***"**meanstheNationalFloodInsuranceProgramcreatedbythe

U.S. Congress pursuant to the National Flood Insurance Act of 1968, the Flood Disaster

Protection Act of 1973, the National Flood Insurance Reform Act of 1994 and the Flood

Insurance Reform Act of 2004, in each case as amended from time to time, and any successor

statutes.

"*<u>Foreign Benefit Event</u>*" means, with respect to any Foreign Plan, (<u>a</u>) the

existence of Unfunded Pension Liabilities in excess of the amount permitted under any

applicable law, or in excess of the amount that would be permitted absent a waiver from a

Governmental Authority, (<u>b</u>) the failure to make the required contributions or payments, under

any applicable law, by the due date for such contributions or payments, (<u>c</u>) the receipt of a notice

from a Governmental Authority relating to the intention to terminate any such Foreign Plan or to

appoint a trustee or similar official to administer any such Foreign Plan, or alleging the

insolvency of any such Foreign Plan, (<u>d</u>) the incurrence of any liability by Holdings, any of

Borrower or any Subsidiary under applicable law on account of the complete or partial

termination of such Foreign Plan or the complete or partial withdrawal of any participating

employer therein, or (<u>e</u>) the occurrence of any transaction that is prohibited under any applicable

law and that could reasonably be expected to result in the incurrence of a material liability by

Holdings, any of Borrower or any of the Subsidiaries, or the imposition on Holdings, any of

Borrower or any of the Subsidiaries of a material fine, excise tax or penalty resulting from any

noncompliance with any applicable law.

"*<u>Foreign Plan</u>*" means an employee benefit plan with respect to employees who

are not employed in the United States, that under applicable law is required to be funded through

a trust or other funding vehicle other than a trust or funding vehicle maintained exclusively by a

Governmental Authority and that is sponsored or maintained by Borrower or any of its

Subsidiaries or to which Borrower or any of its Subsidiaries makes or is obligated to make

contributions.

"*<u>Foreign Subsidiary</u>*" means any Subsidiary of the Borrower that is (i) a

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FSHCO, (<u>ii</u>) not organized under the laws of the United States of America or any state thereof or

the District of Columbia or (<u>iii</u>) a direct or indirect subsidiary of a Person described by *clause (ii)*

of this definition.

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"*<u>Fronting Exposure</u>*" means, at any time there is a Defaulting Lender,with

respect to any Issuer, such Defaulting Lender's Applicable Percentage of the outstanding Letter

of Credit Obligations with respect to Letters of Credit issued by such Issuer other than Letter of

Credit Obligations as to which such Defaulting Lender's participation obligation has been

reallocated to other Lenders or Cash Collateralized in accordance with the terms hereof.

"*<u>FSHCO</u>*" means anySubsidiaryof Borrower that is organized under the laws of

the United States of America or any state thereof or the District of Columbia, substantially all the

assets of which consist of (i) Stock or Stock Equivalents of one or more Foreign Subsidiaries (or

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Subsidiaries thereof) and (<u>ii</u>) Indebtedness of such Foreign Subsidiaries (or Subsidiaries thereof),

intellectual property relating to such Foreign Subsidiaries (or Subsidiaries thereof) and other

assets (including cash and Cash Equivalents) relating to an ownership interest in any such Stock,

Stock Equivalents, Indebtedness, intellectual property or Subsidiaries, if any.

"*<u>Fund</u>*" means any Person (other than a natural Person) that is or will be engaged

in making, purchasing, holding or otherwise investing in commercial loans and similar

extensions of credit in the ordinary course of its business.

"*<u>Funded Debt</u>*" means all Indebtedness of the Borrower and the Restricted

Subsidiaries for borrowed money that matures more than one year from the date of its creation or

matures within one year from such date that is renewable or extendable, at the option of the

Borrower or any Restricted Subsidiary, to a date that is more than one year from such date, or

that arises under a revolving credit or similar agreement that obligates the lender or lenders to

extend credit during a period of more than one year from such date, including all amounts of

such debt required to be paid or prepaid within one year from the date of its creation and, in the

case of the Borrower, Indebtedness in respect of the Term Loans.

"*<u>GAAP</u>*" means generally accepted accounting principles in the United States of

America as in effect on the Fixed GAAP Date (for purposes of the Fixed GAAP Terms) and as in

effect from time to time (for all other purposes of this Agreement), as set forth in the Financial

Accounting Standards Board Accounting Standards Codification and subject to the following:If

at any time the SEC permits or requires U.S.-domiciled companies subject to the reporting

requirements of the Exchange Act to use IFRS in lieu of GAAP for financial reporting purposes,

Borrower may elect by written notice to the Administrative Agent to so use IFRS in lieu of

GAAP and, upon the reasonable consent of the Administrative Agent, references herein to GAAP

shall thereafter be construed to mean (<u>a</u>) for periods beginning on and after the date specified in

such notice, IFRS as in effect on the date specified in such notice (for purposes of the Fixed

GAAP Terms)and as in effect from time to time (for all other purposes of this Agreement) and

(<u>b</u>) for prior periods, GAAP as defined in the first sentence of this definition.

"*<u>Governmental Authority</u>*" means any nation, sovereign or government, any

state, provincial, local or other political subdivision thereof and any entity exercising executive,

legislative, judicial, regulatory or administrative functions of or pertaining to government,

including any central bank or stockexchange and any supranational bodies such as the European

Union or the European Central Bank.

"*<u>guaranteeing person</u>*" has the meaning set forth in the definition of the term

"*<u>Guaranty Obligation</u>*".

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"*<u>Guarantor</u>*" means <u>(x)</u> each Domestic Subsidiary (other than any Excluded

Subsidiary) and, <u>(y)</u> prior to a Borrower IPO, Holdings <u>and (z) on and after the Third</u>

<u>Amendment Effective Date, Parent;</u> *<u>provided</u>* <u>that Parent shall not constitute a Guarantor for</u>

![floatingimage_812.jpg](floatingimage_812.jpg)

<u>purposes of</u> *<u>Article VIII</u>*.

"*<u>Guaranty</u>*" means the guaranty, in substantially the formof *Exhibit H*, executed

and delivered by Holdings and any of Borrower's Subsidiaries that (i) is required to execute and

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deliver the Guaranty (or any joinder or supplement thereto) pursuant to *Section 3.1(a)(ii)* or

*Section 7.11* or (<u>ii</u>) at the option of Borrower, executes and delivers the Guaranty (or any joinder

or supplement thereto).

"*<u>Guaranty Obligation</u>*" means, as applied to any Person (the "*<u>guaranteeing</u>*

*<u>person</u>*"), any obligation of (<u>a</u>) the guaranteeing person or (<u>b</u>) another Person (including any bank

under any letter of credit) to induce the creation of which the guaranteeing person has issued a

reimbursement, counterindemnity or similar obligation, in either case guaranteeing or in effect

guaranteeing any Indebtedness, leases, dividends or other obligations (the "*<u>primary obligations</u>*")

of any other Person (the "*<u>primary obligor</u>*") in any manner, whether directly or indirectly,

including any such obligation of the guaranteeing person, whether or not contingent, (i) to

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purchase any such primary obligation or any property constituting direct or indirect security

therefor, (<u>ii</u>) to advance or supply funds (<u>A</u>) for the purchase or payment of any such primary

obligationor(<u>B</u>) tomaintainworking capitalorequity capital of the primary obligor or

otherwise to maintain the net worth or solvency of the primary obligor, (<u>iii</u>) to purchase property,

securities or services primarily for the purpose of assuring the owner of any such primary

obligationoftheabilityoftheprimaryobligortomakepaymentofsuchprimaryobligationor

(<u>iv</u>) otherwise to assure or hold harmless the owner of any such primary obligation against loss in

respect thereof; *provided* that the term "Guaranty Obligation" shall not include endorsements of

instruments for deposit or collection in the ordinary course of business.The amount of any

Guaranty Obligation ofany guaranteeing person shall be deemed to be the lower of (<u>a</u>) an

amount equal to the stated or determinable amount of the primary obligation in respect of which

such Guaranty Obligation is made and (<u>b</u>) the maximum amount for which such guaranteeing

person may be liable pursuant to the terms of the instrument embodying such Guaranty

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 Guaranty Obligation shall be such guaranteeing person's maximum reasonably anticipated

liability in respect thereof as determined by Borrower in good faith.

"*<u>Hedging Contracts</u>*" means all Interest Rate Contracts, foreign exchange

contracts, currency swap or option agreements, forward contracts, commodity swap, purchase or

option agreements, other commodity price hedging arrangements and all other similar

agreements or arrangements designed to alter the risks of any Person arising fromfluctuations in

interest rates, currency values or commodity prices.

"*<u>Holdings</u>*" means Agilon Health Intermediate Holdings, Inc., a Delaware

corporation, and any successor in interest thereto.

"*<u>Identified</u><u>Participating</u><u>Lenders</u>*"hasthemeaningsetforthin*Section*

*2.8(c)(iii)(C)*.

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"*<u>Identified</u><u>Qualifying</u><u>Lenders</u>*"hasthemeaningsetforthin*Section*

*2.8(c)(iv)(C)*.

"*<u>IFRS</u>*" means the International Financial Reporting Standards and applicable

accounting requirements set by the International Accounting Standards Board or any successor

thereto (or the Financial Accounting Standards Board, the Accounting Principles Board of the

American Institute of Certified Public Accountants, or any successor to either such board, or the

SEC, as the case may be), as in effect from time to time.

"*<u>Immaterial Subsidiary</u>*" means, subject to the proviso below, each Restricted

Subsidiary designated as such by Borrower to the Administrative Agent in writing that meets the

criteria set forth in *clauses (i)* and *(ii)* below, in each case, as of the date of the most recent

Financial Statements required to be delivered pursuant to *Section 6.1*:(i) such Restricted

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Subsidiary has operations that generated EBITDA not exceeding 2.5% of EBITDA for the most

recently completed Fiscal Year and (<u>ii</u>) such Restricted Subsidiary had total assets as of the end

of the most recently completed Fiscal Year the aggregate value of which was equal to or less than

2.5% of the Consolidated Total Assets of Borrower and its Restricted Subsidiaries, taken as a

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whole; *provided* that at no time shall the aggregate total amount of EBITDA generated or assets

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held by all Immaterial Subsidiaries for the most recently completed Fiscal Year exceed 5.0% of

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total EBITDA or 5.0% of Consolidated Total Assets, as the case may be, for Borrower and its

Restricted Subsidiaries, in each case calculated on a consolidated basis in accordance with

GAAP on the basis of the financial information most recently delivered to Administrative Agent

by Borrower pursuant to *Section 6.1*.Any Restricted Subsidiary so designated as an Immaterial

Subsidiary that fails to meet the foregoing requirements as of the last day of the period of the

most recent four consecutive Fiscal Quarters for which consolidated financial statements of the

Borrower (or, any Parent Entity whose financial statements satisfy the Borrower's reporting

obligations under *Section 6.1*) are available shall continue to be deemed an "Immaterial

Subsidiary" hereunder until the earlier of (<u>x</u>) the date that is 60 days following the date on which

such annual or quarterly financial statements were required to be delivered pursuant to *Section*

*6.1(a)* or *Section 6.1(b)* with respect to such period and (<u>y</u>) the date on which the Borrower shall

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have complied with the requirements of *Section 7.11* with respect to such Immaterial Subsidiary.

Notwithstanding anything to the contrary set forth herein, no Subsidiary of the Borrower that

<u>owns any Material Intellectual Property shall constitute an Immaterial Subsidiary.</u>

"*<u>Incremental Amendment</u>*" has the meaning set forth in *Section 2.21(b)*.

"*<u>Incremental Facilities</u>*"hasthemeaningsetforthin*Section2.21(a)(ii)*.

"*<u>Incremental</u><u>Facility</u><u>Effective</u><u>Date</u>*"hasthemeaningsetforthin*Section*

*2.21(b)*.

"*<u>Incremental</u><u>Revolving</u><u>Credit</u><u>Commitment</u>*"hasthemeaningsetforthin

*Section 2.21(b)*.

"*<u>Incremental Revolving Loans</u>*" means a loan made pursuant to an Incremental

Revolving Credit Commitment.

"*<u>Incremental</u><u>Term</u><u>Facility</u>*" hasthe meaningsetforth in*Section 2.21(a)(i)*.

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"*<u>Incremental Term Loan</u>*" has the meaning set forth in *Section 2.21(b)*.

"*<u>Incremental</u><u>Term</u><u>Loan</u><u>Commitment</u>*"meansacommitmentinrespectofan

IncrementalTermFacility.

"*<u>Incur</u>*" means to issue, assume, enter into any Guarantee of, incur or otherwise

become liable for; and the terms "Incurs", "Incurred" and "Incurrence" shall have a correlative

meaning; provided that any Indebtedness or Stock of a Person existing at the time such Person

becomes a Subsidiary (whether by merger, consolidation, acquisition or otherwise) shall be

deemed to be Incurred by such Subsidiary at the time it becomes a Subsidiary.Accrual of

interest, the accretion of accreted value, the payment of interest in the form of additional

Indebtedness, and the payment of dividends on Stock constituting Indebtedness in the form of

additional shares of the same class of Stock, will be deemed not to be an Incurrence of

Indebtedness.Any Indebtedness issued at a discount (including Indebtedness on which interest

is payable through the issuance of additional Indebtedness) shall be deemed Incurred at the time

of original issuance of the Indebtedness at the initial accreted amount thereof.

"*<u>Indebtedness</u>*" means, of any Person at any date, (<u>a</u>) all indebtedness of such

Person for borrowed money or for the deferred purchase price of propertyor services (other than

trade liabilities incurred in the ordinary course of business), (<u>b</u>) any other indebtedness of such

Person which is evidenced bya note, bond, debenture or similar instrument, (<u>c</u>) all obligations of

such Person under Financing Leases, (<u>d</u>) all obligations of such Person in respect of surety

bonds, performance bonds, letters of credit, acceptances issued or created for the account of such

Person, (<u>e</u>) all obligations of such Person in respect of Hedging Contracts, (f) all obligations

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created or arising under any conditional sale or other title retention agreement with respect to

assets or property acquired by such Person (even though the rights and remedies of the seller or

lender under such agreement in the event of default are limited to repossession or sale of such

property), (<u>g</u>) indebtedness or obligations of other Persons of the types referred to in the

preceding *clauses (a)* through *(e)* to the extent secured by any Lien on any property owned by

such Person even though such Person has not assumed or otherwise become liable for the

payment thereof, (<u>h</u>) all obligations of such Person to purchase, redeem, retire, defease or

otherwise acquire for value any Disqualified Capital Stock of such Person, valued, in the case of

redeemable preferred stock, at the greater of its voluntary liquidation preference and its

involuntary liquidation preference plus accrued and unpaid dividends, (i) all obligations of such

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Person under any Securitization Facility, (j) all recourse obligations of such Person with respect

to related assets or property and recourse obligations in connection with any factoring or similar

arrangement not covered in *clause (i)* above and (<u>k</u>) Guaranty Obligations of such Person in

respect of any Indebtedness of the type described in the preceding *clauses (a)* through *(j).*

"*<u>Indemnified Matters</u>*"hasthemeaningsetforthin*Section11.4(a)*.

"*<u>Indemnified Taxes</u>*" means any Taxes other than Excluded Taxes.

"*<u>Indemnitee</u>*" has the meaning set forth in *Section 11.4(a)*.

"*<u>Initial</u><u>Default</u>*" has the meaning set forth in *Section 1.4(a)*.

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*"<u>Initial Facility</u>*" means the Initial Term Loan Facility or Initial Revolving

Credit Facility, as applicable.

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"*<u>Initial Revolving Credit Commitment</u>*" means, with respect to each Initial

Revolving Credit Lender, the commitment of such Lender to make Initial Revolving Loans to

Borrower and to acquire as set forth herein interests in other Revolving Credit Outstandings in

the aggregate principal amount outstanding, not to exceed the amount set forth opposite such

Lender's name on *Schedule I* under the caption "*<u>Initial Revolving Credit Commitment</u>*," as

amended to reflect each Assignment and Assumption as set forth herein executed by such Lender

andassuchamountmaybereducedpursuanttothisAgreement.Theaggregateprincipalamount

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of all Initial Revolving Credit Commitments on the Closing Date shall be $100,000,000. <u>The</u>

<u>aggregate principal amount of all Initial Revolving Credit Commitments after giving effect to the</u>

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<u>Third</u><u>Amendment</u><u>Repayment</u><u>and</u><u>Termination</u><u>on</u><u>the</u><u>Third</u><u>Amendment</u><u>Effective</u><u>Date</u><u>is</u>

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<u>$90,000,000.</u>

"*<u>Initial Revolving Credit Facility</u>*" means the Initial Revolving Credit

Commitments and the provisions herein related to the Initial Revolving Loans and Letters of

Credit made or issued under the Initial Revolving Credit Commitments.

"*<u>Initial Revolving Credit Lender</u>*" means each Lender having an Initial

Revolving Credit Commitment.

"*<u>Initial</u><u>Revolving Loan</u>*" has the meaning set forth in *Section 2.1(a)*.

"*<u>Initial Revolving Maturity Date</u>*" means February 18, 2024; *provided* that upon

the consummation of a Qualifying Threshold IPO, the Initial Revolving Maturity Date shall be

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February 18, 2026<u>2028</u>.

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"*<u>Initial Term Loan</u>*" means the single Tranche of Term Loans constituted by the

Term Loans made by the Term Loan Lenders to the Borrower on the Closing Date pursuant to

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Section 2.1(b). <u>The aggregate principal amount of all Initial Term Loans outstanding on the</u>

<u>Third Amendment Effective Date after giving effect to the Third Amendment Repayment and</u>

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<u>Termination is $31,500,000.</u>

"*<u>Initial Term Loan Commitment</u>*" means, with respect to each Initial Term Loan

Lender, the commitment of such Lender to make Initial Term Loans to Borrower on the Closing

Date in the aggregate principal amount outstanding not to exceed the amount set forth opposite

such Lender's name on *Schedule I* under the caption "*<u>Initial Term Loan Commitment</u>*" as

amended fromtime to time to reflect each Assignment and Assumption executed by such Lender

andassuchamountmaybereducedpursuanttothisAgreement.Theaggregateprincipalamount

of all Initial Term Loan Commitments on the Closing Date shall be $100,000,000.

"*<u>Initial Term Loan Facility</u>*" means the Initial Term Loan Commitments and the

provisions herein related to the Initial Term Loans.

"*<u>Initial Term Loan Lender</u>*" means each Lender having an Initial Term Loan

Commitment or an Initial Term Loan.

"*<u>Intercreditor Agreement</u>*" means an intercreditor agreement substantially in the

form of *Exhibit S*, with such changes thereto, if requested by Borrower, as are reasonably

acceptable to the Administrative Agent.

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"*<u>Interest Payment Date</u>*" means (a) with respect to any Base Rate Loan, the last

day of each March, June, September and December and the Maturity Date, (b) with respect to

any Daily Simple SOFR Rate Loan, (1) each date that is on the numerically corresponding day in

each calendar month that is one month after the Borrowing of such Loan (or, if there is no such

numerically corresponding day in such month, then the last day of such month) and (2) the

Maturity Date and (c) with respect to any Term SOFR Rate Loan, the last day of each Interest

Period applicable to the Borrowing of which such Loan is a part and, in the case of a Term SOFR

Rate Loan with an Interest Period of more than three months' duration, each day prior to the last

day of such Interest Period that occurs at intervals of three months' duration after the first day of

such Interest Period, and the Maturity Date.

"*<u>Interest Period</u>*" means, in the case of any Term SOFR Rate Loan, the

applicable Term SOFR Rate Interest Period, subject to the following:

(i)if any Interest Period would otherwise end on a day that is not a

Business Day, such Interest Period shall be extended to the next succeeding Business

Day, unless the result of such extension would be to extend such Interest Period into

another calendar month, in which event such Interest Period shall end on the immediately

preceding Business Day;

(ii)any Interest Period that begins on the last Business Day of a calendar

month (or on a day for which there is no numerically corresponding day in the calendar

month at the end of such Interest Period) shall end on the last Business Day of a calendar

month;

(iii)Borrower may not select any Interest Period that ends after the date

of a scheduled principal payment on the Loans as set forth in *Article II* unless, after

giving effect to such selection, the aggregate unpaid principal amount of the Loans for

which Interest Periods end after such scheduled principal payment shall be equal to or

less than the principal amount to which the Loans are required to be reduced after such

scheduled principal payment is made;

(iv)Borrower may not select any Interest Period in respect of Loans

having an aggregate principal amount of less than $1,000,000; and

(v)there shall be outstanding at any one time no more than (<u>A</u>)10

Interest Periods in the aggregate in respect of Revolving Loans and (<u>B</u>)10 Interest

Periods in the aggregate in respect of the Term Loans.

"*<u>Interest Rate Contracts</u>*" means all interest rate swap agreements, interest rate

cap agreements, interest rate collar agreements and interest rate insurance.

"*<u>Inventory</u>*" means goods held for sale, lease or use by a person in the ordinary

course of business, net of any reserve for goods that have been segregated by such Person to be

returned to the applicable vendor for credit, as determined in accordance with GAAP.

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"*<u>Investment</u>*" means, with respect to any Person, (<u>a</u>) any purchase or other

acquisition by such Person of (i) any Security issued by, (<u>ii</u>) a beneficial interest in any Security

issuedby,or(<u>iii</u>) anyotherequityownershipinterestin,anyotherPerson,(<u>b</u>) anypurchaseby

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such Person of all or a significant part of the assets of a business conducted by any other Person,

or all or substantially all of the assets constituting the business of a division, branch or other unit

operation of any other Person, (<u>c</u>) any loan, advance (other than deposits with financial

institutions available for withdrawal on demand, prepaid expenses, Accounts Receivable and

similar items made or incurred in the ordinary course of business as presently conducted) or

capital contribution by such Person to any other Person, including all Indebtedness of any other

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Person to such Person arising from a sale of property by such Person other than in the ordinary

course of its business and (<u>d</u>) any Guaranty Obligation incurred by such Person in respect of

Indebtedness of any other Person.

"*<u>Investment</u><u>Company</u><u>Act</u>*"meanstheInvestmentCompanyActof1940,as

amended from time to time.

"*<u>Investors</u>*"means,collectively,theCD&RGroupandanyotherinvestors

arranged by CD&R.

"*<u>IRS</u>*"meanstheInternalRevenueServiceoftheUnitedStatesorany successor

thereto.

"*<u>Issue</u>*" means, with respect to any Letter of Credit, to issue, extend the expiry

of, renew or increase the maximum stated amount (including by deleting or reducing any

scheduled decrease in such maximum stated amount) of, such Letter of Credit.The terms

"*<u>Issued</u>*," "*<u>Issuing</u>*" and "*<u>Issuance</u>*" shall have a corresponding meaning.

"*<u>Issuer</u>*" means any Revolving Credit Lender or Affiliate of a Revolving Credit

Lender that hereafter becomes an Issuer with the approval of the Administrative Agent and

Borrower by agreeing pursuant to an agreement with and in form and substance satisfactory to

the Administrative Agent and Borrower to be bound by the terms hereof applicable to Issuers;

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*provided* that Nomura Corporate Funding Americas, LLC and Deutsche Bank AG New York

Branch shall only be required to issue standby Letters of Credit in Dollars; *provided further* that

Nomura Corporate Funding Americas, LLC may cause Letters of Credit to be issued by

unaffiliated financial institutions and such Letters of Credit shall be treated as issued by Nomura

Corporate Funding Americas, LLC for all purposes under the Loan Documents..

"*<u>Joinder</u><u>Agreement</u>*" has the meaning set forth in *Section2.21(b)*.

"*<u>Joint</u><u>Lead</u><u>Arrangers</u>*"hasthemeaningspecifiedinthepreambletothis

Agreement.

"*<u>JPMorgan</u>*"hasthemeaningspecifiedinthepreambletothisAgreement.

"*<u>Junior Debt</u>*" has the meaning set forth in *Section 8.12(a)*.

"*<u>LAMC Promissory Note</u>*" means the promissory note made by Vector LAMC

Parent, Inc. in favor of the Borrower.

"*<u>Latest Maturity Date</u>*" shall mean, at any date of determination, the latest

maturity date applicable to any Tranche of any Class of Loans or Commitments with respect to

such Tranche of Loans or Commitments at such date of determination, including, for the

avoidanceofdoubt,thelatestmaturitydateofanyIncrementalTermLoan,Incremental

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![floatingimage_645.jpg](floatingimage_645.jpg)

![image_8.jpg](image_8.jpg)

![floatingimage_645.jpg](floatingimage_645.jpg)

Revolving Credit Commitment, Extended Term Loan, Extended Revolving Commitment,

Specified Refinancing Term Loan or Specified Refinancing Revolving Loan, in each case as

extended from time to time in accordance with this Agreement.

"*<u>Leases</u>*" means, with respect to any Person, all of those leasehold estates in real

propertyofsuchPerson,aslessee,assuchmaybeamended,supplementedorotherwisemodified

from time to time.

"*<u>Lender</u>*" means each financial institution or other entity that is party hereto from

time to time, including as of the Closing Date each entity that is listed on the signature pages

hereof as a "*<u>Lender</u>*".

"*<u>Lending Office</u>*" means, with respect to any Lender, the office of such Lender

specified as its "*<u>Lending Office</u>*" opposite its name on *Schedule II* or on the Assignment and

Assumption by which it became a Lender or such other office of such Lender as such Lender

may from time to time specify to Borrower and the Administrative Agent.

"*<u>Letter of Credit</u>*" means any letter of credit issued pursuant to *Section 2.4*,

including, for the avoidance of doubt, each Existing Letter of Credit.

"*<u>Letter of Credit Allocation</u>*" means, in the case of each Issuer, an amount to be

agreed bysuch Issuer, Borrower and the Administrative Agent at the time suchRevolvingCredit

Lender or Affiliate of a RevolvingCredit Lender agrees to act as an Issuer, if any.The Letter of

Credit Allocation of each of the Issuers as of the Closing Date is set forth opposite such

Revolving Credit Lender or Affiliate of a Revolving Credit Lender's name on *Schedule I* under

the caption "*Letter of Credit Allocation*"; *provided* that, the Letter of Credit Allocation shall not

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exceed $100,000,000.00<u>90,000,000.00</u>.

"*<u>Letter of Credit Obligations</u>*" means, at any time, without duplication, the

aggregate of all liabilities at such time of Borrower to all Issuers with respect to Letters of Credit,

whether or not any such liability is contingent, including the sum of (<u>a</u>) the Reimbursement

Obligations at such time and (<u>b</u>) the Letter of Credit Undrawn Amounts at such time.

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<u>"</u>*<u>Letter of Credit Aggregate Amount</u>*<u>" means the aggregate stated amounts of all</u>

![floatingimage_284.jpg](floatingimage_284.jpg)

<u>Letters of Credit.</u>

![floatingimage_285.jpg](floatingimage_285.jpg)

<u>"</u>*<u>Letter of Credit Aggregate Amount Floor</u>*<u>" means, as of any Letter of Credit</u>

![floatingimage_284.jpg](floatingimage_284.jpg)

<u>Reduction Test Date, the lowest Letter of Credit Aggregate Amount as of any prior Letter of</u>

![floatingimage_812.jpg](floatingimage_812.jpg)

<u>Credit Reduction Test Date.</u>

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<u>"</u>*<u>Letter of Credit Reduction Amount</u>*<u>" means, as of any Letter of Credit Reduction</u>

![floatingimage_287.jpg](floatingimage_287.jpg)

<u>Test Date, an amount (but not less than zero) equal to (a) the lesser of (x) aggregate stated</u>

![floatingimage_812.jpg](floatingimage_812.jpg)

<u>amounts of the Existing Letters of Credit as of the Third Amendment Effective Date and (y)</u>

![floatingimage_812.jpg](floatingimage_812.jpg)

<u>Letter of Credit Aggregate Amount Floor</u> *<u>less</u>* <u>(b) the aggregate stated amounts of all Letters of</u>

![floatingimage_812.jpg](floatingimage_812.jpg)

<u>Credit as of such Letter of Credit Reduction Test Date.</u>

![floatingimage_968.jpg](floatingimage_968.jpg)

<u>"</u>*<u>Letter</u><u>of</u><u>Credit</u><u>Reduction</u><u>Test</u><u>Date</u>*<u>"</u><u>means</u><u>the</u><u>last</u><u>Business</u><u>Day</u><u>of</u><u>each</u>

![floatingimage_284.jpg](floatingimage_284.jpg)

<u>month ending after the Third Amendment Effective Date.</u>

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![floatingimage_645.jpg](floatingimage_645.jpg)

![image_8.jpg](image_8.jpg)

![floatingimage_645.jpg](floatingimage_645.jpg)

![floatingimage_822.jpg](floatingimage_822.jpg)

"*<u>Letter</u><u>of</u><u>Credit</u><u>Reimbursement</u><u>Agreement</u>*"hasthemeaningsetforthin

*Section 2.4(e)*.

"*<u>Letter</u><u>of Credit Request</u>*" has the meaning set forth in *Section2.4(c)*.

"*<u>Letter of Credit Undrawn Amounts</u>*" means, at any time, with respect to the

Revolving Credit Facility, the aggregate undrawn amount of all Letters of Credit outstanding at

such time under such Revolving Credit Facility.

"*<u>Leverage</u><u>Ratio</u>*"means,withrespecttoanyPersonforanyperiod,theratioof

(<u>a</u>) Financial Covenant Debt of such Person and its Restricted Subsidiaries determined on a

consolidated basis in accordance with GAAP as of the last day of such period *minus* the

aggregate amount of Unrestricted Cash and Cash Equivalents held by such Person and its

Restricted Subsidiaries (excluding the proceeds of any Indebtedness that are (in the good faith

judgment of the Borrower) not intended to be used for working capital purposes) to (<u>b</u>) EBITDA

for such Person and its Restricted Subsidiaries for such period.

"*<u>Lien</u>*" means any mortgage, deed of trust, pledge, security deposit arrangement,

encumbrance, lien (statutory or other), charge or other security interest or any preference,

priority or other security agreement or preferential arrangement of any kind or nature whatsoever

(including, without limitation, any conditional sale or other title retention agreement and any

Financing Lease having substantially the same economic effect as any of the foregoing).

"*<u>Limited Condition Transaction</u>*" means anyacquisition or Investment byone or

more of the Borrower and its Restricted Subsidiaries of any assets, business or Person permitted

by this Agreement whose consummation is not conditioned on the availability of, or on

obtaining, third party financing.

"*<u>Liquidity</u>*" means, at any time, the sum of (<u>a</u>) the aggregate amount available

(without duplication) to be borrowed by Borrower under (i) the Revolving Credit Facility and (<u>ii</u>)

![floatingimage_334.jpg](floatingimage_334.jpg)

any other revolving credit facility available to the Borrower pursuant to *Section 8.1 plus* (<u>b</u>) the

Unrestricted Cash and Cash Equivalents of Borrower and its Restricted Subsidiaries.

"*<u>Loan</u>*"meansanyloanmadebyanyLenderpursuanttothisAgreement.

"*<u>Loan Documents</u>*" means, collectively, this Agreement, the Notes (if any), the

![floatingimage_645.jpg](floatingimage_645.jpg)

<u>Guaranty, the Parent</u>Guaranty, each Letter of Credit Reimbursement Agreement, the Collateral

Documents and each certificate, agreement or document executed by a Loan Party and delivered

to the Administrative Agent or any Lender in connection with or pursuant to any of the

foregoing.

"*<u>Loan Party</u>*" means Borrower, each Subsidiary Guarantor and, prior to a

![floatingimage_285.jpg](floatingimage_285.jpg)

BorrowerIPO,Holdings<u>;</u> *<u>provided</u>* <u>that, solely for purposes of</u> *<u>Article IX</u>*<u>and</u> *<u>Sections 10.3</u>*<u>,</u> *<u>10.4</u>*<u>,</u>

*<u>10.5</u>*<u>,</u>*<u>10.12</u>*<u>,</u>*<u>10.13</u>*<u>,</u>*<u>10.15</u>*<u>,</u>*<u>11.1</u>*<u>,</u>*<u>11.2</u>*<u>,</u>*<u>11.3</u>*<u>,</u>*<u>11.4</u>*<u>,</u>*<u>11.6</u>*<u>,</u>*<u>11.9</u>*<u>,</u>*<u>11.13</u>*<u>,</u>*<u>11.17</u>*<u>and</u>*<u>11.21</u>*<u>,</u><u>Parent</u><u>shall</u>

<u>constitute a Loan</u> <u>Party</u>.

"*<u>Management Investors</u>*" means the collective reference to the officers, directors,

employees and other members of the management of Holdings, any Parent Entity, Borrower or

any of their Subsidiaries and Related Physicians, or family members or relatives thereof or trusts

![image_8.jpg](image_8.jpg)

![floatingimage_645.jpg](floatingimage_645.jpg)

![image_8.jpg](image_8.jpg)

![floatingimage_645.jpg](floatingimage_645.jpg)

for the benefit of any of the foregoing, who at any particular date shall beneficially own or have

the right to acquire, directly or indirectly, common stock of Holdings or any Parent Entity.

"*<u>Management Subscription Agreements</u>*" means one or more stock subscription,

stock option, grant or other agreements which have been or may be entered into between

Borrower or any Parent Entity and one or more Management Investors (or any of their heirs,

successors, assigns, legal representatives or estates), with respect to the issuance to and/or

acquisition, ownership and/or disposition by any of such parties of common stock of Borrower or

any Parent Entity, or options, warrants, units or other rights in respect of common stock of

Borrower or any Parent Entity, any agreements entered into from time to time by transferees of

any such stock, options, warrants or other rights in connection with the sale, transfer or

reissuance thereof, and any assumptions of any of the foregoing by third parties, as amended,

supplemented, waived or otherwise modified from time to time.

"*<u>Material Adverse Effect</u>*" means (<u>a</u>) a material adverse effect on the business,

operations, assets, results of operations or condition (financial or otherwise) of Holdings and its

Subsidiaries, taken as a whole, (<u>b</u>) a material adverse effect on the ability of the Loan Parties,

taken as a whole, to perform their obligations under the Loan Documents or (<u>c</u>) a material

adverse effect on the rights and remedies, taken as a whole, of the Lenders under the Loan

Documents.

![floatingimage_285.jpg](floatingimage_285.jpg)

<u>"</u>*<u>Material Intellectual Property</u>*<u>" means any intellectual property owned by the</u>

![floatingimage_284.jpg](floatingimage_284.jpg)

<u>Borrower or any Restricted Subsidiary that is material to the operations of the business of the</u>

![floatingimage_812.jpg](floatingimage_812.jpg)

<u>Borrower and its Restricted Subsidiaries, taken as a whole.</u>

"*<u>Material Lease</u>*" means any lease for real property to which any Agilon

Restricted Entity is a party that is (i) for a term longer than three (3) years and (ii) in respect of

which the annual base rent lease payments (for the lease year in which the Closing Date occurs)

exceeds $5,000,000.

"*<u>Material Real Property</u>*" means each Owned Real Propertythat (i) is located in

the United States of America and (ii) has a Fair Market Value at the time of acquisition which

exceeds $5,000,000.

"*<u>Material Subsidiary</u>*" means any Subsidiary of Borrower that is not an

Immaterial Subsidiary.

"*<u>Maturity Date</u>*" means the Initial Revolving Maturity Date, the Initial Term

Loan Maturity Date, for any Extended Tranche the "Maturity Date" set forth in the applicable

ExtensionAmendment, for anyIncrementalRevolvingCreditCommitments the "MaturityDate"

set forth in the applicable Incremental Amendment and for any Specified Refinancing Tranche

the "Maturity Date" set forth in the applicable Specified Refinancing Amendment, in each case

as the context may require.

"*<u>Maximum Incremental Facilities Amount</u>*" means at any date of determination,

the sum of (i) (<u>x</u>) $50,000,000 (amounts incurred pursuant to this *clause (i)*, the "<u>Cash Capped</u>

![floatingimage_334.jpg](floatingimage_334.jpg)

<u>Incremental Facility</u>"); plus (<u>ii</u>) an additional amount equal to the aggregate principal amount of

all prepayments,repayments and redemptions of any(<u>x</u>) TermLoans or Incremental TermLoans

![image_8.jpg](image_8.jpg)

![floatingimage_645.jpg](floatingimage_645.jpg)

or (<u>y</u>) Permitted Debt Exchange Notes, and/or the amount of any permanent reduction of any

Revolving Commitment or Supplemental Revolving Credit Commitment (including in each case

![image_8.jpg](image_8.jpg)

![floatingimage_645.jpg](floatingimage_645.jpg)

under this *clause (ii)*, purchases of such Indebtedness by Holdings and its Subsidiaries at or

below par in which case the amount of prepayments of such Indebtedness shall be deemed not to

exceed the actual purchase price of such Indebtedness at or below par), in each case to the extent

such Indebtedness is secured by a Lien ranking pari passu to the Liens securing the Secured

Obligations, so long as, in the case of any such prepayments or repurchases under this *clause (ii)*,

such prepayment or repurchase was not funded with the proceeds of any long-term Indebtedness

(the "<u>Prepayment Incremental Facility</u>").For the avoidance of doubt, for purposes of any

determination of the "Maximum Incremental Facilities Amount," the principal amount of

Indebtedness outstanding under *clauses (i)* or *(ii)* shall be determined after giving effect to the

application of proceeds of any such Indebtedness to refinance any other Indebtedness.

"*<u>Minimum Collateral Amount</u>*" means, at any time, (i)with respect to Cash

![floatingimage_334.jpg](floatingimage_334.jpg)

Collateral consisting of cash or Deposit Account balances, an amount equal to 103% of the

Fronting Exposure of all Issuers with respect to Letters of Credit issued and outstanding at such

time and (<u>ii</u>) otherwise, an amount determined by the Administrative Agent and the Issuers in

their sole discretion.

"*<u>Minimum</u><u>Exchange</u><u>Tender</u><u>Condition</u>*"hasthemeaningsetforthin*Section*

*2.23(b)*.

"*<u>Minimum Extension Condition</u>*" has the meaning set forth in *Section 2.22(g)*.

"*<u>Mortgages</u>*"meansthemortgages,deedsoftrustorotherrealestatesecurity

documents,ifany,madeorrequiredhereintobemadebyanyLoanPartysubstantiallyinthe

form of *Exhibit U*.

"*<u>Multiemployer</u><u>Plan</u>*"meansamultiemployerplan,asdefinedin

Section4001(a)(3) of ERISA, covered by Title IV of ERISA and to which Borrower or any

ERISA Affiliate has any obligation or liability, contingent or otherwise.

![floatingimage_645.jpg](floatingimage_645.jpg)

<u>"</u>*<u>MSSP</u>*<u>"</u><u>means</u><u>the</u><u>Model</u><u>and</u><u>Medicare</u><u>Shared</u><u>Savings</u><u>Program.</u>

"*<u>Net Cash Proceeds</u>*" means (<u>a</u>) with respect to any Disposition or any Property

Loss Event, an amount equal to the gross proceeds in cash and Cash Equivalents of such

Disposition or Property Loss Event, net of (i) reasonable attorneys' fees, accountants' fees,

![floatingimage_334.jpg](floatingimage_334.jpg)

brokerage, consultant and other customary fees, underwriting commissions and other reasonable

fees and expenses actually incurred in connection with such Disposition or Property Loss Event,

(<u>ii</u>) taxes paid or reasonably estimated to be payable as a result thereof or the distribution of the

gross proceeds thereof to Borrower, (<u>iii</u>) appropriate amounts provided or to be provided by

Borrower or any of its Restricted Subsidiaries as a reserve, in accordance with GAAP, with

respect to any liabilities associated with such Disposition or Property Loss Event and retained by

Borrower or any such Restricted Subsidiary after such Disposition or Property Loss Event and

other appropriate amounts to be used by Borrower or any of its Restricted Subsidiaries to

discharge or pay on a current basis any other liabilities associated with such Disposition or

Property Loss Event, and (<u>iv</u>) in the case of an Disposition or Property Loss Event of or

involving an asset subject to a Lien securing any Indebtedness, payments made and installment

payments required to be made to repay such Indebtedness, including payments by Borrower or

any of its Restricted Subsidiaries in respect of principal, interest and prepayment premiums and

![image_8.jpg](image_8.jpg)

![floatingimage_645.jpg](floatingimage_645.jpg)

penalties, (<u>b</u>) with respect to any issuance or sale of any securities or incurrence of Indebtedness

(otherthantheissuanceorsaleofsecuritiesorincurrenceofIndebtednesspursuanttoany

![image_8.jpg](image_8.jpg)

![floatingimage_645.jpg](floatingimage_645.jpg)

Permitted Receivables Financing) of Borrower or any of its Restricted Subsidiaries, or fromany

conversion or exchange with respect to such securities or Indebtedness, or any capital

contribution, the cash proceeds of such incurrence, issuance, sale or contribution net of

attorneys' fees, accountants' fees, underwriters' or placement agents' fees, discounts or

commissions and brokerage, consultant and other fees actually incurred in connection with such

incurrence, issuance, sale or contribution and net of taxes paid or payable as a result thereof, and

(<u>c</u>) with respect to any Permitted Receivables Financing, (i) the initial cash proceeds of such

![floatingimage_334.jpg](floatingimage_334.jpg)

Permitted Receivables Financing in respect of the portion of the Accounts Receivable so

financed that is equal to the lowest of the month-end Accounts Receivables balances of the

originator recorded for the previous twelve months then ended for which financial statements are

internally available, net of (<u>ii</u>) attorneys' fees, accountants' fees, underwriters' or placement

agents' fees, discounts or commissions and brokerage, consultant and other fees actually incurred

in connection with such incurrence, issuance or sale and taxes paid or payable as a result thereof.

"*<u>Net Intercompany Investment</u>*" means, for any period, (<u>a</u>) in the case of any

investment in a Permitted Joint Venture, the sum (but not less than zero) of (i) all consideration

![floatingimage_334.jpg](floatingimage_334.jpg)

paid by any Loan Party in connection with the acquisition thereof (including all transaction costs

andallIndebtednessorotherobligations(ineachcase,whethercontingentorotherwise))*plus*

(<u>ii</u>) any contractually binding commitment of any Loan Party to make future capital contributions

to the extent the Indebtedness or other obligations assumed by any Agilon Entity in respect

thereof can be quantified *plus* (<u>iii</u>) any Guaranty Obligations of any Loan Party in respect of such

joint venture *minus* (<u>iv</u>) any cash payments made by such joint venture to such Loan Party in

respect of dividends, loans, advances, trade payables, licenses, royalty agreements or cash equity

contributions and (<u>b</u>) in the case of any investment in a Non-Loan Party, the sum (but not less

thanzero)of(i) theaggregateamountofanycashInvestmentsbyanyLoanPartyinsuch

![floatingimage_334.jpg](floatingimage_334.jpg)

Non-Loan Party *plus* (<u>ii</u>) any Guaranty Obligations of any Loan Party in respect of the

obligations of such Non-Loan Party *minus* (<u>iii</u>) of any cash payments by such Non-Loan Party to

any Loan Party in respect of dividends, loans, advances, trade payables, licenses, royalty

agreements or cash equity contributions.

"*<u>Non-Consenting</u><u>Lender</u>*" has the meaning set forth in *Section 11.1(d)*.

"*<u>Non-Defaulting</u><u>Lender</u>*"means,atanytime,aLenderthatisnotaDefaulting

Lender.

"*<u>Non-Extending</u><u>Lender</u>*" has the meaning set forth in *Section 2.22(e)*.

"*<u>Non-Loan</u><u>Party</u>*"meanseachSubsidiaryofBorrowerthatisnotaLoanParty.

"*<u>Note</u>*" means any Revolving Credit Note or Term Loan Note.

"*<u>Notice</u><u>of Borrowing</u>*" has the meaning set forth in *Section 2.2(a)*.

"*<u>Notice</u><u>of</u><u>Conversion</u><u>or</u><u>Continuation</u>*"hasthemeaningsetforthin

*Section 2.11(a)*.

"*<u>NYFRB</u>*"meanstheFederalReserveBankofNewYork.

"*<u>Obligations</u>*"meansthe Loans, the LetterofCreditObligationsand allother

amounts,obligations, covenantsandduties owing byBorrowertotheAdministrativeAgent,any

![image_8.jpg](image_8.jpg)

![floatingimage_645.jpg](floatingimage_645.jpg)

![image_8.jpg](image_8.jpg)

![floatingimage_645.jpg](floatingimage_645.jpg)

Lender, any Issuer, any Affiliate of any of them or any Indemnitee, of every type and description

(whether by reason of an extension of credit, opening or amendment of a letter of credit or

payment of any draft drawn thereunder, loan, guaranty, indemnification, foreign exchange or

currency swap transaction, interest rate hedging transaction or otherwise), present or future,

arising under this Agreement or any other Loan Document, whether direct or indirect (including

those acquired by assignment), absolute or contingent, due or to become due, now existing or

hereafter arising and however acquired and whether or not evidenced by any note, guaranty or

other instrument or for the payment of money, including all letter of credit, cash management and

other fees, interest (including interest which, but for the first filing of a petition in bankruptcy

with respect to Borrower, would have accrued on any Obligation, whether or not a claim is

allowed against Borrower for such interest in the related bankruptcy proceeding), charges,

expenses, fees, attorneys' fees and disbursements and other sums chargeable to Borrower under

this Agreement or any other Loan Document, and all obligations of Borrower under any Loan

Document to provide Cash Collateral for Letter of Credit Obligations.With respect to any

Guarantor, if and to the extent, under the Commodity Exchange Act or any rule, regulation or

order of the CFTC (or the application or official interpretation of any thereof), all or a portion of

the guarantee of such Guarantor of, or the grant by such Guarantor of a security interest for, the

obligation (the "*<u>Excluded Borrower Obligation</u>*") 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 (or the analogous term or section in any amended or successor statute)

is or becomes illegal, the Obligations guaranteed by such Guarantor shall not include any such

Excluded Borrower Obligation.

"*<u>Offered Amount</u>*" has the meaning set forth in *Section 2.8(c)(iv)(A)*.

"*<u>Offered</u><u>Discount</u>*"has themeaning setforth in*Section2.8(c)(iv)(A)*.

"*<u>Other Intercreditor Agreement</u>*" means an intercreditor agreement in form and

substance reasonably satisfactory to the Borrower and the Administrative Agent.

"*<u>Other Representative</u>*" means each of the Joint Lead Arrangers in such

capacities hereunder.

"*<u>Other Taxes</u>*" means any present or future stamp or documentary taxes or any

other excise or similar taxes, charges or levies of the United States, any applicable foreign

jurisdiction, or any political subdivision thereof and all liabilities with respect thereto, in each

case arising from any payment made under any Loan Document or from the execution, delivery

or registration of, or otherwise with respect to, any Loan Document.

"*<u>Outstandings</u>*" means, at any particular time, the sum of (<u>a</u>) the Revolving

Credit Outstandings at such time and (<u>b</u>) the principal amount of the Term Loans outstanding at

such time.

"*<u>Owned Real Property</u>*" has the meaning set forth in *Section 4.7.*

![floatingimage_645.jpg](floatingimage_645.jpg)

"*<u>Parent</u>*"means<u>agilon</u><u>health,</u><u>inc.</u><u>(f/k/a</u>AgilonHealthTopco,Inc.),aDelaware

![floatingimage_5.jpg](floatingimage_5.jpg)

corporation, and any successor in interest thereto.

![image_8.jpg](image_8.jpg)

![floatingimage_645.jpg](floatingimage_645.jpg)

"*<u>Parent Company</u>*" means, with respect to a Lender, the bank holding company

(as definedin Federal Reserve BoardRegulationY), ifany, that is thedirect orindirect parentof

![image_8.jpg](image_8.jpg)

![floatingimage_645.jpg](floatingimage_645.jpg)

such Lender, and/or any Person owning, beneficially or of record, directly or indirectly, a

majority of the Stock of such Lender.

"*<u>Parent Entity</u>*" means Parent, Holdings, any Other Parent Entity and any other

Person that becomes a direct or indirect Subsidiary of Parent or any Other Parent Entity after the

Closing Date and of which Borrower is a direct or indirect Subsidiary that is designated by

Borrower as a "Parent Entity" and solely for so long as the Borrower remains a Subsidiary of

such Person.As used herein, "Other Parent Entity" means a Person of which Parent becomes a

direct or indirect Subsidiary after the Closing Date; *provided* that (i) immediately before

![floatingimage_334.jpg](floatingimage_334.jpg)

Borrower first becomes a Subsidiary of such Person, such Person is a direct or indirect

Subsidiary of a Parent Entity, and Borrower becomes a Subsidiary of such Person pursuant to a

merger of another Subsidiary of a Parent Entity with such Person in which the Voting Stock of

such Parent Entity is exchanged for or converted into Voting Stock of such surviving Person (or

the right to receive such Voting Stock), (<u>ii</u>) immediately after Borrower first becomes a

Subsidiary of such Person, more than 50% of the Voting Stock of such Person shall be held by

one or more Persons that held more than 50% of the Voting Stock of such Parent Entity or an

OtherParentEntityimmediatelypriortosuchParentEntityfirstbecomingsuchSubsidiary,or

(<u>iii</u>)immediatelyafterBorrowerfirstbecomesaSubsidiaryofsuchPerson,PermittedHolders

own the requisite percentage of the Voting Stock of such Person as is necessary to ensure that a

Change of Control has not taken place.

![floatingimage_285.jpg](floatingimage_285.jpg)

<u>"Parent Guaranty" means the Parent Guaranty, in substantially the form of</u>

![floatingimage_284.jpg](floatingimage_284.jpg)

*<u>Exhibit C</u>* <u>attached to the Third Amendment, executed and delivered by Parent on the Third</u>

![floatingimage_812.jpg](floatingimage_812.jpg)

<u>Amendment Effective Date.</u>

"*<u>Pari</u><u>Passu</u><u>Indebtedness</u>*"meansIndebtednesswithaLienontheCollateral

ranking pari passu with the Liens securing the Obligations.

"*<u>Participant</u>*" has the meaning set forth in *Section 11.2(h)*.

"*<u>Participating</u><u>Lender</u>*"hasthemeaningsetforthin*Section2.8(c)(iii)(B).*

"*<u>Patriot</u><u>Act</u>*" meansthe USAPatriot Actof 2001(31 U.S.C.5318 *etseq.*).

![floatingimage_645.jpg](floatingimage_645.jpg)

<u>"</u>*<u>Payment</u>*<u>"</u><u>has</u><u>the</u><u>meaning set</u><u>forth</u><u>in</u>*<u>Section</u> <u>10.15(a)</u>*<u>.</u>

![floatingimage_645.jpg](floatingimage_645.jpg)

<u>"</u>*<u>Payment</u><u>Notice</u>*<u>" has the meaning set forth in</u> *<u>Section</u> <u>10.15(a)</u>*<u>.</u>

"*<u>PBGC</u>*"meansthePensionBenefitGuarantyCorporationoranysuccessor

thereto.

"*<u>Permit</u>*" means any permit, approval, authorization, license, variance or

permission required from a Governmental Authority under an applicable Requirement of Law.

"*<u>Permitted Acquisition</u>*" means the acquisition by Borrower or any of its

Restricted Subsidiaries of all or substantially all of the assets or Stock or Stock Equivalents of

any Person or of any division, branch or other operating unit thereof (the "*<u>Target</u>*"), or the

merger, amalgamation or consolidation of the Target with or into Borrower or any of its

Restricted Subsidiaries (with a Loan Party, in the case of a merger, amalgamation or

consolidation with any Loan Party, being the surviving corporation or, if a Loan Party is not the

![image_8.jpg](image_8.jpg)

![floatingimage_645.jpg](floatingimage_645.jpg)

![image_8.jpg](image_8.jpg)

![floatingimage_645.jpg](floatingimage_645.jpg)

surviving corporation in the case of a merger, amalgamation or consolidation with any Loan

Party, the Person formed by or surviving such merger, amalgamation or consolidation (<u>x</u>)being

organized or existing under the laws of the United States or any state, district or territory thereof

and (<u>y</u>) expressly assuming all obligations of the Loan Party, as applicable, under the Loan

Documents pursuant to documentation reasonably satisfactory to the Administrative Agent)

subject, in each case, to the satisfaction of each of the following conditions:

(a)Borrower (or the Subsidiary making such acquisition) and the Target shall

haveexecutedsuchdocumentsandtakensuchactionsasmayberequiredunder*Section*

*7.11*after the effectiveness of such Permitted Acquisition within the time periods set forth in

![floatingimage_568.jpg](floatingimage_568.jpg)

![floatingimage_321.jpg](floatingimage_321.jpg)

*Section 7.11*, as applicable; *provided* that the aggregate principal amount of Indebtedness

incurred by (<u>x</u>) any Subsidiary other than the Loan Parties in connection with Permitted

Acquisitions and (<u>y</u>) the Loan Parties, the proceeds of which are used to finance Permitted

Acquisitions of Targets that do not (and will not become) Guarantors pursuant to *Section 7.11*

(other than in the case of the foregoing *clauses (x)* and *(y)*, if any such Targets are not permitted

to become Guarantors as a result of regulatory restrictions (as determined by the Borrower in

good faith), so long as, unless necessary or advisable as a result of changes in law applicable to

the Related Corporations, any such Related Corporations are subject to Related Corporation

Contracts or otherwise become Subsidiaries of the Borrower) shall not exceed (i) at anytime (<u>A</u>)

![floatingimage_334.jpg](floatingimage_334.jpg)

prior to a Qualifying Threshold IPO or (<u>B</u>) following a Qualifying Threshold IPO, but prior to

October 1, 2023, the greater of $15,000,000 and 3.0% of Consolidated Total Assets at any time

outstanding or (<u>ii</u>) at any time following a Qualifying Threshold IPO, but on or after October 1,

![floatingimage_478.jpg](floatingimage_478.jpg)

2023, the greater of $40,500,000 and 7.8% of the Consolidated Total Assets at any time

outstanding.<u>EBITDA of the Borrower and its Restricted Subsidiaries as of the last day of the</u>

<u>most recent Financial Covenant Period for which Financial Statements have been delivered</u>

![floatingimage_812.jpg](floatingimage_812.jpg)

<u>pursuant to</u> *<u>Section 6.1</u>*<u>, calculated on a Pro Forma Basis after giving effect to such Permitted</u>

![floatingimage_812.jpg](floatingimage_812.jpg)

<u>Acquisition.</u>

(b)immediately after giving effect to such acquisition, no Event of Default shall

have occurred and be continuing;

(c)immediatelyaftergivingeffecttosuchacquisition,theBorrowershallbe in

compliance with the financial covenants set forth in *Article V* for the most recent Financial

Covenant Period for which Financial Statements have been delivered pursuant to *Section 6.1* on a

Pro Forma Basis after giving effect to such acquisition and to the incurrence of any Indebtedness

to be incurred or to be assumed in connection therewith; and

(d)the Target as acquired in accordance herewith shall be in the same business

or lines of business in which Borrower and/or its Subsidiaries are engaged as of the Closing Date

or any business reasonably related, complementary, incidental or ancillary thereto.

"*<u>Permitted Affiliated Assignee</u>*" means CD&R, any investment fund managed or

controlled by CD&R, anyWholly-Owned Subsidiary of anysuch investment fund; *provided* that

no individual Person, the Borrower and no Affiliate of Borrower (other than CD&R and any

investment fund managed or controlled by CD&R) shall be a Permitted Affiliated Assignee.

"*<u>Permitted</u><u>Cure</u><u>Securities</u>*"meanscommonequitysecuritiesoftheBorroweror

Holdings or other equity securities of the Borrower or Holdings that do not constitute

Disqualified Capital Stock.

![image_8.jpg](image_8.jpg)

![floatingimage_645.jpg](floatingimage_645.jpg)

![image_8.jpg](image_8.jpg)

![floatingimage_645.jpg](floatingimage_645.jpg)

"*<u>Permitted Debt Exchange</u>*" has the meaning set forth in *Section 2.23(a)*.

"*<u>Permitted Debt Exchange Notes</u>*" has the meaning set forth in *Section 2.23(a)*.

"*<u>Permitted Debt Exchange Offer</u>*" has the meaning set forth in *Section 2.23(a)*.

"*<u>Permitted</u><u>Holders</u>*"means(<u>a</u>)anymemberoftheCD&RGroup(inthecaseof

any limited partners of, or other investors in, the CD&R Group, for purposes of the definition of

"Change of Control", the beneficial ownership of the Voting Stock of Holdings or any Parent

Entity of such limited partner or other investor shall be limited to the extent of any Voting Stock

of Holdings or such Parent Entity, or any interest therein, held by such Person that such Person

shallhavereceivedbywayofadividendordistributionfromamemberoftheCD&RGroup);

(<u>b</u>) any Management Investors; and (<u>c</u>) any Person acting in the capacity of an underwriter in

connection with a public or private offering of Stock of Holdings or any of its Subsidiaries or of

any Parent Entity; *provided* that any such underwriter shall cease to be a Permitted Holder on the

date that is forty-five (45) days after the effective date of such public or private offering.

"*<u>Permitted Intercompany Merger</u>*" means (<u>a</u>) a merger, amalgamation,

consolidation,liquidationordissolutionsolelyofoneormoreAgilonEntities(*provided*that

(i)inthecaseofamerger,amalgamationorconsolidationinvolvingBorrower,Borrowershallbe

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the surviving entity, (<u>ii</u>) in the case of a merger, amalgamation or consolidation involvinga Loan

Party, the result of such merger, amalgamation or consolidation is that the surviving entity is or

becomesaLoanPartyonorpriortothedateofsuchmerger,amalgamationorconsolidation,

(<u>iii</u>) in the case of a merger, amalgamation or consolidation of Holdings in which Holdings is not

the surviving entity, the Loan Party surviving such merger, amalgamation or consolidation

pursuant to *clause (ii)* above undertakes all of the obligations of Holdings under the Loan

Documents on or prior to the date of such merger, amalgamation or consolidation and shall be

treated as "Holdings" for all purposes under this Agreement, (<u>iv</u>) in the case of a liquidation or

dissolution of a Loan Party, all assets of such Agilon Entity that is liquidated or dissolved are

transferred (subject to payment or provision for payment of outstanding liabilities and to pro rata

transfers to other equity holders) to one or more Agilon Entities that are or become Loan Parties

onorpriortothedateofsuchtransfer,(<u>v</u>) inthecaseofaliquidationordissolutionofa

Non-Loan Party, all assets of such Agilon Entity that is liquidated or dissolved are transferred

(subject to payment or provision for payment of outstanding liabilities and to pro rata transfers to

other equity holders) to one or more Agilon Entities, and (<u>vi</u>) neither Holdings nor Borrower is

permitted to be liquidated or dissolved), (<u>b</u>) the transfer of (i) all or substantially all of the Stock

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or Stock Equivalents of any Loan Party (other than Borrower or Holdings) that is held by an

Agilon Entity, (<u>ii</u>) all or substantially all of the assets of any Loan Party (other than Borrower or

Holdings) or (<u>iii</u>) all or substantially all of the assets constituting the business of a division,

branch or other unit of operation of any Loan Party (other than Borrower or Holdings), in each

case to any Agilon Entity that is or becomes a Loan Party on or prior to the date of such transfer

or (<u>c</u>) the transfer of (i) all or substantially all of the Stock or Stock Equivalents of any Non-Loan

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Party that is held by an Agilon Entity, (<u>ii</u>) all or substantially all of the assets of any Non-Loan

Party or (<u>iii</u>) all or substantially all of the assets constituting the business of a division, branch or

other unit of operation of any Non-Loan Party, in each case to any Agilon Entity.

"*<u>Permitted</u><u>Intercompany</u><u>Transactions</u>*"meansInvestmentsor,withrespectto

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*clauses(c)(ii)*,*(c)(iii)*and*(f)*below,RestrictedPayments:

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(a)by any Loan Party in any other Loan Party (other than Holdings); *<u>provided</u>*

that if any such Investment is in the form of intercompany Indebtedness, such Indebtedness shall

not be secured by any Lien;

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(b)byanyNon-LoanPartiesinanyotherNon-LoanParty;

(c)by Loan Parties in Non-Loan Parties; *provided* that (i) the aggregate

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outstanding amount of all Net Intercompany Investments made pursuant to this *clause (c)*,

together with the aggregate outstanding amount of Guarantee Obligations incurred pursuant to

*Section 8.1(e)(ii)*, shall not exceed (<u>A</u>) at any time prior to a Qualifying Threshold IPO, the

greater of $10,000,000 and 2.0% of Consolidated Total Assets, (<u>B</u>) at any time following a

Qualifying Threshold IPO, but prior to October 1, 2023, the greater of $15,000,000 and 3.0% of

Consolidated Total Assets or (<u>C</u>) at any time following a Qualifying Threshold IPO, but on or

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after October 1, 2023, the greater of $27,000,000 and 5.2% of Consolidated Total

Assets<u>EBITDA of the Borrower and its Restricted Subsidiaries as of the last day of the most</u>

<u>recent Financial Covenant Period for which Financial Statements have been delivered pursuant to</u>

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*<u>Section 6.1</u>*<u>, calculated on a Pro Forma Basis after giving effect to such Investment</u>, (<u>ii</u>) in lieu of

the Investments permitted by this *clause (c)*, Restricted Payments from Loan Parties to Non-Loan

Parties may be made in amounts not exceeding the available limit as determined pursuant this

*clause (c)* (with a corresponding reduction in such limit as a result thereof) and (<u>iii</u>) Restricted

Payments may be made by Loan Parties (other than Holdings), directly or indirectly, to other

Loan Parties (other than Holdings) and, to the extent required by Requirements of Law or

Contractual Obligations governing the making of Restricted Payments on account of the Stock

and Stock Equivalents of such Loan Parties to other holders of its Stock and Stock Equivalents

on no more than a pro rata basis (measured by value) without restriction;

(d)constitutingPermittedIntercompanyMergers;

(e)by any Non-Loan Party in any Loan Party (other than Holdings); *provided*

that if any such Investment is in the form of intercompany Indebtedness, such Indebtedness shall

not be secured by any Lien; and

(f)by any Loan Party in any Non-Loan Party to the extent substantially

concurrent with, and in any event within three Business Days of, such Investment, a

corresponding cash Investment or Restricted Payment is made from such Non-Loan Party,

directly or indirectly, to a Loan Party.

"*<u>Permitted</u><u>Joint</u><u>Venture</u>*"meansa Person:

(a)that is a corporation, limited liability company, joint venture or similar

limited liability legal entity hereafter formed or entered into by Borrower or any of its

Subsidiaries with another Person in order to conduct a common venture or enterprise with such

Person, which legal entity does not constitute a Subsidiary;

(b)that is not a strategic alliance formed or entered into by Borrower or its

Subsidiaries with any other Person for the purposes of joint research, product development,

marketing, or other similar purposes that does not create a Person;

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(c)that does not own any Stock in a Loan Party nor at any time itself have been

a Loan Party;

(d)in respect of which all Indebtedness or other obligations (in each case

whether contingent or otherwise), including any contractually binding commitment to make

future capital contributions, assumed by any Agilon Restricted Entity in respect thereof can be

quantified; and

(e)in connection with the acquisition thereof after the Closing Date all

consideration paid (including all transaction costs and all Indebtedness or other obligations (in

each case whether contingent or otherwise)), including any contractually bindingcommitment to

make future capital contributions, incurred or assumed in connection therewith does not exceed

at any time, together with all other such consideration for Permitted Joint Ventures paid after the

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Closing Date, the greater of $100,000,000 and 20.0% of Consolidated Total Assets;<u>EBITDA of</u>

<u>the Borrower and its Restricted Subsidiaries as of the last day of the most recent Financial</u>

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<u>Covenant Period for which Financial Statements have been delivered pursuant to</u> *<u>Section 6.1</u>*<u>,</u>

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<u>calculated on a Pro Forma Basis after giving effect to such acquisition;</u>

(f)in respect of which Borrower and its Subsidiaries are in compliance with

*Sections 7.11* and *7.12)*.

"*<u>Permitted Receivables Financing</u>*" has the meaning specified in *Section 8.1(g)*.

"*<u>Person</u>*"meansanindividual,partnership,corporation(includingabusiness

trust), joint stock company, estate, trust, limited liability company, unincorporated association,

joint venture or other entity, or a Governmental Authority.

"*<u>Plan</u>*" means (i) all "employee benefit plans" (as defined in Section 3(3) of

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ERISA), and (<u>ii</u>) all payroll practices and other employee benefit plans, policies, programs,

agreements or arrangements, including retirement, pension, profit sharing, employment,

individualconsultingorothercompensationagreements,collectivebargainingagreements,bonus

or other incentive compensation, retention, stock purchase, equity or equity-based compensation,

deferred compensation, change in control, severance, sick leave, vacation, loans, salary

continuation, hospitalization, health, life insurance, educational assistance, or other fringe benefit

or perquisite plans, policies, agreements or arrangements with respect to which Borrower or any

of its Subsidiaries has or could have any obligation or liability, contingent or otherwise.

"*<u>Pledge and Security Agreement</u>*" means the pledge and security agreement

executed and delivered by the Loan Parties, substantially in the form of the agreement attached

hereto as *Exhibit I*.

"*<u>Pledged Stock</u>*" means the shares of capital stock owned from time to time by

each Loan Party and pledged pursuant to a Collateral Document to, directly or indirectly, secure

the Secured Obligations.

"*<u>PPMC</u>"*meansPrimaryProviderManagementCo.,Inc.,aCalifornia

corporation.

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"*<u>Preferred Stock</u>*" means as applied to the Stock of any corporation or company,

Stock of any class or classes (however designated) that by its terms is preferred as to the payment

of dividends, or as to the distribution of assets upon any voluntary or involuntary liquidation or

dissolution of such corporation or company, over Stock of any other class of such corporation or

company.

"*<u>primary obligations</u>*" has the meaning specified in the definition of the term

"*<u>Guaranty Obligation</u>*".

"*<u>primary obligor</u>*" has the meaning specified in the definition of the term

"*<u>Guaranty Obligation</u>*".

"*<u>Pro Forma Basis</u>*" means, with respect to any determination for any period, that

such determination shall be made giving *pro forma* effect to each Material Acquisition (as

defined below) and each Material Disposition (as defined below) of a Person, business or asset or

with respect to a Related Corporation (or any other event that by the terms of the Loan

Documents requires compliance on a "Pro Forma Basis" with a test or covenant and requires

such test or covenant to be calculated on a "Pro Forma Basis") consummated during such period,

together with all transactions relating thereto consummated during such period or thereafter and

on or prior to the date of determination (including any incurrence, assumption, refinancing or

repayment of Indebtedness), as if such acquisition, investment, sale (or other disposition), other

eventandrelatedtransactionshadbeenconsummatedon the first day of such period, in each

case based on historical results accounted for in accordance with GAAP and, to the extent

applicable, taking into account, but without duplication of any amount added back to EBITDA

pursuant to *clause (p)* of such term, the amount of "run rate" cost savings projected by Borrower

in good faith to be realized following:(i) [reserved]; (<u>ii</u>) any Permitted Acquisition as a result of

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specified actions that are taken or to be taken within 24 months of the closing of such Permitted

Acquisition; and (<u>iii</u>) operational changes as a result of specified actions that are taken or to be

taken within the following 24 months from the time the specified actions were implemented; in

each case which cost savings shall be added to EBITDA until fully realized and calculated on a

Pro Forma Basis as though such cost savings had been realized on the first day of the relevant

period, net of (<u>x</u>) the amount of actual benefits realized from such actions and (<u>y</u>) costs of

achieving such cost savings; *provided* that such cost savings and synergies are reasonably

identifiable, factually supportable and certified by the chief financial officer or treasurer of

Borrower.As used in this definition, "*<u>Material Acquisition</u>*" means any acquisition of property

or series of related acquisitions of property that either (<u>1</u>) (<u>x</u>) constitutes assets comprising all or

substantially all of an operating unit of a business or constitutes all or substantially all of the

common stock of a Person and (<u>y</u>) involves the payment of consideration by Borrower or any of

its Restricted Subsidiaries in excess of $5,000,000 or (<u>2</u>) results in a Person that was not

previously a Subsidiary of the Borrower becoming a Related Corporation; and "*<u>Material</u>*

*<u>Disposition</u>*" means any disposition of property or series of related dispositions of property that

either (<u>1</u>) (<u>x</u>) constitutes assets comprising all or substantially all of an operating unit of a

business or constitutes all or substantially all of the common stock of a Person and (<u>y</u>) yields

gross proceeds to Borrower or any of its Restricted Subsidiaries in excess of $5,000,000 during

the applicable Financial Covenant Period or (<u>2</u>) results in a Person which does not become a

Subsidiary of the Borrower in connection therewith ceasing to be a Related Corporation.

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"*<u>Projections</u>*" means financial projections of the Business, including financial

estimates, budgets, forecasts and other forward looking information.

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"*<u>Promissory Note</u>*" means the note made by Parent in favor of Adrian Jayasinha

and Ann Abraham Azer.

"*<u>Property Loss Event</u>*" means (<u>a</u>) any loss of or damage to property of Borrower

or any of its Restricted Subsidiaries that results in the receipt by such Person of proceeds of

insurance, which exceeds $5,000,000 (individually or in the aggregate for all such losses and

damages) in any Fiscal Year or (<u>b</u>) any taking of property of Borrower or any of its Restricted

Subsidiaries that results in the receipt by such Person of a compensation payment in respect

thereof, which exceeds $5,000,000 (individually or in the aggregate for all such takings) in any

Fiscal Year, in each case with respect to the foregoing *clauses (a)* or *(b)*, to the extent that such

receipt does not constitute reimbursement or compensation for amounts previously paid by

Borrower or any such Restricted Subsidiary (other than to any Agilon Restricted Entity) in

respect of such loss, damage or taking.

"*<u>Purchasing</u><u>Lender</u>*" has the meaning set forth in *Section 11.8(a)*.

"*<u>Qualifying IPO</u>*" shall mean the initial underwritten public offering of common

Stock of the Borrower or the Relevant Parent Entity pursuant to an effective registration

statement filed with the Securities and Exchange Commission in accordance with the Securities

Act.

"*<u>Qualifying</u><u>Lender</u>*" has the meaning set forth in *Section 2.8(c)*.

"*<u>Qualifying</u><u>Target</u><u>Threshold</u><u>IPO</u>*"shallmeanaQualifyingIPOwithtotalgross

proceeds in excess of $1,000,000,000.

"*<u>Qualifying Threshold IPO</u>*" shall mean a Qualifying IPO with total gross

proceeds in excess of $500,000,000.

"*<u>Ratable</u><u>Portion</u>*" or "*<u>ratably</u>*" means, with respect to any Lender,

(a)with respect to the Revolving Credit Facility, the percentage obtained by

dividing (i) the Revolving Credit Commitment of such Lender by (<u>ii</u>) the aggregate Revolving

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Credit Commitments of all Lenders (or, at any time after the Revolving Credit Termination Date,

the percentage obtained by dividing the Revolving Credit Outstandings owing to such Lender by

the Revolving Credit Outstandings owing to all Lenders); and

(b)with respect to the Term Loans, the percentage obtained by dividing the

aggregate principal amount of such Lender's Term Loans by the aggregate principal amount of

the Term Loans of all Lenders.

"*<u>Receivable</u>*" means the indebtedness and other obligations owed to any Agilon

Entity (at the time it arises, and before giving effect to anytransfer or conveyance contemplated

under any Securitization Facility documentation) or in which any Agilon Entity has a security

interest or other interest, including any indebtedness, obligation or interest constituting an

account, contract right, payment intangible, promissory note, chattel paper, instrument,

document, investment property, financial asset or general intangible, arising in connection with

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the sale of goods or the rendering of services by such Agilon Entity, and further includes the

obligationtopayanyfinancechargeswithrespectthereto.Indebtednessandotherrightsand

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obligations arising from any one transaction, including Indebtedness and other rights and

obligations represented by an individual invoice, shall constitute a Receivable separate from a

Receivable consisting of the Indebtedness and other rights and obligations arising from any other

transaction; *provided* that any Indebtedness, rights or obligations referred to in the immediately

preceding sentence shall be a "*<u>Receivable</u>*" regardless of whether the account debtor or the

applicable Securitization Subsidiary treats such Indebtedness, rights or obligations as a separate

payment obligation.

"*<u>Register</u>*" has the meaning set forth in *Section 2.7(b)*.

"*<u>Reimbursement</u><u>Date</u>*" has the meaning set forth in *Section 2.4(h)*.

"*<u>Reimbursement Obligations</u>*" means, at any time, with respect to the Revolving

Credit Facility, all matured and unpaid reimbursement or repayment obligations of Borrower to

any Issuer with respect to amounts drawn under Letters of Credit issued under such Revolving

Credit Facility.

"*<u>Reinvestment Deferred Amount</u>*" means, with respect to any Reinvestment

Event, the aggregate Net Cash Proceeds received by any Agilon Restricted Entity in connection

therewith that are not initially applied to prepay the Loans pursuant to *Section 2.9* as a result of

the delivery of a Reinvestment Notice.

"*<u>Reinvestment Event</u>*" means any Disposition or Property Loss Event in respect

of which Borrower has delivered a Reinvestment Notice.

"*<u>Reinvestment Notice</u>*" means a written notice executed by a Responsible Officer

of Borrower stating that no Default or Event of Default has occurred and is continuing and that

Borrower (directly or indirectly through one of its Subsidiaries) intends and expects to use all or

a specified portion of the Net Cash Proceeds of a Disposition or Property Loss Event to acquire

assets useful in the business of Borrower or its Restricted Subsidiaries' or, in the case of (i) a

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Property Loss Event, to effect repairs and (<u>ii</u>) a Disposition, to make Capital Expenditures or to

pay cash restructuring charges arising in connection with such Disposition.

"*<u>Reinvestment Prepayment Amount</u>*" means, with respect to any Reinvestment

Event, the Reinvestment Deferred Amount relating thereto less any amount expended or required

to be expended pursuant to a Contractual Obligation entered into prior to the relevant

Reinvestment Prepayment Date to acquire assets useful in business of Borrower or its Restricted

Subsidiaries or, in the case of (i) a Property Loss Event, to effect repairs and (<u>ii</u>) a Disposition, to

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make Capital Expenditures or to pay cash restructuring charges arising in connection with such

Disposition.

"*<u>Reinvestment Prepayment Date</u>*" means, with respect to any Reinvestment

Event, the earlier of (<u>a</u>) the date occurring 18 months after the later of the Reinvestment Event

and receipt of Net Cash Proceeds from such Reinvestment Event, as the case may be, or, if such

Reinvestment Event is in a project authorized by the Board of Directors of Borrower or the

relevant Subsidiary that will take longer than 18 months to complete and is subject to a binding

written commitment entered during such 18 month period, an additional 6 months after the last

day of such 18 month period and (<u>b</u>) the date that is five Business Days after the date on which

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Borrower shall have notified the Administrative Agent of Borrower's determination not to

acquire replacement assets useful in the business of Borrower or its Restricted Subsidiaries (or,

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in the case of (i) a PropertyLoss Event, not to effect repairs and (<u>ii</u>) a Disposition, not to make a

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Capital Expenditure or to pay cash restructuring charges arising in connection with such

Disposition) with all or any portion of the relevant Reinvestment Deferred Amount.

"*<u>Related Billing Entity</u>*" means, any Person whose only substantial activity is

invoicing and collecting payments for professional medical services on behalf of a Related

Professional Corporation or a Subsidiary of the Borrower.

"*<u>Related Corporation</u>*" means (i) a Related Professional Corporation, (<u>ii</u>) a

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Related PC Holding Company or (<u>iii</u>) a Related Billing Entity.

"*<u>Related Corporation Contracts</u>*" means (i) any management, practice support,

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consulting, succession and similar agreements, entered into on a basis consistent with past

practices or entered into in the ordinary course of business, with Related Corporations and (<u>ii</u>)

the Combined Affiliate Promissory Notes.

"*<u>Related Obligations</u>*" has the meaning set forth in *Section10.9*.

"*<u>Related Parties</u>*" means with respect to any Person, such Person's Affiliates and

the partners, officers, directors, trustees, employees, members, agents and controlling persons of

such Person and of such Person's Affiliates and "*<u>Related Party</u>*" shall mean any of them.

"*<u>Related PC Holding Company</u>*" means, any Person that is owned, directly or

indirectly, by one or more physicians and/or independent contractor physicians, in each case

whose subsidiaries are Related Professional Corporations.

"*<u>Related Physicians</u>*" means, physicians or independent contractors that own, are

employed by, or are under contract with, a Related Professional Corporation or a Subsidiary of

the Borrower pursuant to Related Corporation Contracts or other arrangements consistent

therewith.

"*<u>Related Professional Corporation</u>*" means, any Person that is owned, directly or

indirectly, by one or more physicians and/or independent contractor physicians, in each case to

whom a Subsidiary of the Borrower or another Related Professional Corporation provides

management services pursuant to a management services, practice support or similar agreement.

"*<u>Related Security</u>*" means, with respect to any Receivable all of the applicable

Special Purpose Entity's interest in the inventory and goods (including returned or repossessed

inventory or goods), if any, the financing or lease of which by the applicable Agilon Entity gave

rise to such Receivable, and all insurance contracts with respect thereto, all other security

interests or liens and property subject thereto from time to time, if any, purporting to secure

payment of such Receivable, whether pursuant to the contract related to such Receivable or

otherwise, together with all financing statements and security agreements describing any

collateral securing such Receivable, all guaranties, letters of credit, letter-of-credit rights,

supporting obligations, insurance and other agreements or arrangements of whatever character

from time to time supporting or securing payment of such Receivable whether pursuant to the

contract related to such Receivable or otherwise, all service contracts and other contracts and

agreements associated with such Receivable, all records related to such Receivable, all of the

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applicable Special Purpose Entities' right, title and interest in, to and under the applicable

Securitization Facility documentation.

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"*<u>Related Taxes</u>*" means (<u>x</u>) any Taxes (other than federal, state or local Taxes

measured by income and federal, state or local withholding imposed by anygovernment or other

taxing authority on payments made by Holdings or any Parent Entity other than to Holdings or

another Parent Entity), required to be paid by Holdings or any Parent Entity by virtue of its being

incorporated or having Stock outstanding (but not by virtue of owning stock or other equity

interests of any corporation or other entity other than Borrower, any of its Subsidiaries, any

Related Corporation, Holdings or any Parent Entity), or being a holding company parent of

Borrower, any of its Subsidiaries, Holdings or any Parent Entity, or being a beneficial owner of

any Related Corporation, or receiving dividends from or other distributions in respect of the

Stock of Borrower, any of its Subsidiaries, any Related Corporation, Holdings or any Parent

Entity, or having guaranteed any obligations of Borrower, any Subsidiary thereof or any Related

Corporation, or having made any payment in respect of any of the items for which Borrower or

any of its Subsidiaries is permitted to make payments to Holdings or any Parent Entity pursuant

to *Section 8.5*, or acquiring, developing, maintaining, owning, prosecuting, protecting or

defending its intellectual property and associated rights (including but not limited to receiving or

paying royalties for the use thereof) relating to the business or businesses of Borrower, any

Subsidiary thereof or any Related Corporation, (<u>y</u>) any Taxes attributable (i) to Borrower, any of

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its Subsidiaries or any Related Corporation, with respect to any taxable period (or portion

thereof) ending on or prior to the Closing Date, (<u>ii</u>) to the consummation of any of the

Transactions, or (<u>iii</u>) to Holdings' or any Parent Entity's receipt of (or entitlement to) any

payment in connection with the Transactions, including any payment received after the Closing

Date pursuant to any agreement related to the Transactions, or (<u>z</u>) if Holdings or any Parent

Entity files or is required to file any return with respect to Taxes measured by income on a

consolidated, combined, unitary or affiliated basis with Borrower, any of its Subsidiaries or any

Related Corporation, any such Taxes for which Holdings or such Parent Entity is liable up to an

amount not to exceed, with respect to federal Taxes, the amount of any such Taxes that

Borrower, its Subsidiaries and Related Corporations would have been required to pay on a

separate company basis, or on a consolidated basis as if Borrower had filed a consolidated return

on behalf of an affiliated group (as defined in Section 1504 of the Code) of which it were the

common parent, or with respect to state and local taxes, the amount of any such Taxes that

Borrower, its Subsidiaries and Related Corporations would have been required to pay on a

separate company basis, or on a consolidated, combined, unitary or affiliated basis, as the case

may be, as if Borrower had filed a consolidated, combined, unitary or affiliated return on behalf

of an affiliated group (as defined in the applicable state or local tax laws for filing such return)

consisting only of Borrower, any of its Subsidiaries and any Related Corporation, as applicable.

"*<u>Release</u>*" means, with respect to any Person, any release, spill, emission,

leaking, pumping, injection, deposit, disposal, discharge, dispersal, leaching or migration, in each

case, of any Contaminant into the Environment or into or out of any property owned by such

Person, including the movement of Contaminants through or in the air, soil, surface water,

ground water or property.

"*<u>Relevant Four Fiscal Quarter Period</u>*" has the meaning set forth in *Section 9.3*.

"*<u>Relevant</u><u>Parent</u><u>Entity</u>*"means(i) ParentsolongasParentisnotaSubsidiary

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of a Parent Entity and the Borrower is a Subsidiaryof Parent and (<u>ii</u>) any Parent Entity so longas

Borrower is a direct or indirect Subsidiary thereof and such Parent Entity is not a Subsidiary of

any other Parent Entity.

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"*<u>Remedial</u><u>Action</u>*"meansallactionsrequiredunderEnvironmentalLawsto

(<u>a</u>) clean up, remove, treat or in any other way address any Release, (<u>b</u>) prevent the Release or

threat of Release or minimize the further Release so that a Contaminant does not migrate or

endanger or threaten to endanger the Environment or (<u>c</u>) perform pre-remedial studies and

investigations and post-remedial monitoring and care.

"*<u>Repricing Amendment</u>*" has the meaning set forth in *Section 11.1(e)*.

"*<u>Required</u><u>Prepayment Date</u>*" has the meaning set forth in *Section 2.9(d)*.

"*<u>Requirement of Law</u>*" means, with respect to any Person, the common law and

all federal, state, local and foreign laws, rules and regulations, orders, judgments, decrees and

other determinations of any Governmental Authority or arbitrator, applicable to or binding upon

such Person or any of its property or to which such Person or any of its property is subject;

*provided* that the foregoing shall not apply to non-binding recommendations of any

Governmental Authority.

"*<u>Requisite Lenders</u>*" means, collectively, Lenders having more than 50% of the

sum of (<u>a</u>) the aggregate outstanding amount of the Revolving Credit Commitments or, after the

Revolving Credit Termination Date, the Revolving Credit Outstandings and (<u>b</u>) the aggregate

principal amount of all Term Loans then outstanding.Any Revolving Credit Commitments,

Revolving Credit Outstandings and Term Loans held by a Defaulting Lender shall be excluded

from any calculation of "*<u>Requisite Lenders</u>*".

"*<u>Requisite Revolving Credit Lenders</u>*" means, collectively, Lenders having more

than 50% of the sumof the aggregate outstanding amount of the RevolvingCredit Commitments

or, after the Revolving Credit Termination Date, the Revolving Credit Outstandings.Any

Revolving Credit Commitments and Revolving Credit Outstandings held by a DefaultingLender

shall be excluded from any calculation of "*<u>Requisite Revolving Credit Lenders.</u>*"

"*<u>Requisite Term Loan Lenders</u>*" means Term Loan Lenders having more than

50% of the aggregate principal amount of all Term Loans then outstanding.

"*<u>Resolution Authority</u>*" means an EEA Resolution Authority or, with respect to

any UK Financial Institution, a UK Resolution Authority.

"*<u>Responsible Officer</u>*" means, with respect to any Person, any of the following

officers of such Person:(<u>a</u>) the chief executive officer or the president or anymanagingmember

or general partner of such Person and, with respect to financial matters, the chief financial

officer, the treasurer or the controller of such Person, (<u>b</u>) any vice president of such Person or,

with respect to financial matters, any assistant treasurer or assistant controller of such Person,

who has been designated in writing to the Administrative Agent as a Responsible Officer by such

chief executive officer or president of such Person or, with respect to financial matters, such

chief financial officer of such Person, (<u>c</u>) with respect to *Section 6.2* and without limiting the

foregoing, the general counsel of such Person and (<u>d</u>) with respect to ERISA matters and without

limiting the foregoing, the vice president – human resources (or substantial equivalent) of such

Person.

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"*<u>Restricted Payment</u>*" means (<u>a</u>) anydividend, distribution or anyother payment

whether direct or indirect, on account of any Stock or Stock Equivalents of Borrower or any of

its Subsidiaries now or hereafter outstanding and (<u>b</u>) any redemption, retirement, sinking fund or

similar payment, purchase or other acquisition for value, direct or indirect, of anyStockor Stock

Equivalents of Borrower or any of its Subsidiaries now or hereafter outstanding, other than (in

the case of both *clauses (a)* and *(b)*) any that are payable solely to Borrower or one or more

Subsidiary Guarantors.

"*<u>Restricted Subsidiary</u>*" means any Subsidiary of Borrower that is not an

Unrestricted Subsidiary.

"*<u>Revolving Availability</u>*" means, as of any date of determination, the amount (if

any) by which the Revolving Credit Commitments exceed the aggregate principal amount of the

Revolving Credit Outstandings, in each case as of such date.

"*<u>Revolving</u><u>Credit</u><u>Borrowing</u>*"meansRevolvingLoansmadeonthesamedayby

the Revolving Credit Lenders ratably according to their respective Revolving Credit

Commitments.

"*<u>Revolving</u><u>Credit</u><u>Commitment</u>*"meansanInitialRevolvingCreditCommitment,

a Supplemental Revolving Credit Commitment, an Incremental Revolving Credit Commitment,

an Extended Revolving Commitment or a Specified Refinancing Revolving Commitment and

"*<u>Revolving Credit Commitments</u>*" means all of them, collectively.

"*<u>Revolving Credit Exposure</u>*" means, as to any Revolving Credit Lender at any

time, the aggregate principal amount at such time of its outstanding Revolving Loans and such

Revolving Credit Lender's participation in Letter of Credit Obligations at such time.

"*<u>Revolving Credit Facility</u>*" means the Revolving Credit Commitments and the

provisions herein related to the Revolving Loans and Letters of Credit.

"*<u>Revolving Credit Lender</u>*" means, at any time, any Lender that has a Revolving

Credit Commitment at such time.

"*<u>Revolving Credit Note</u>*" means a promissory note of Borrower payable to any

Revolving Credit Lender or its registered assigns in a principal amount of up to such Lender's

Revolving Credit Commitment, with an annex evidencing the aggregate Indebtedness of such

Borrower to such Lender resulting from the Revolving Loans owing to such Lender.

"*<u>Revolving</u><u>Credit</u><u>Outstandings</u>*"means,atanyparticulartime,thesumof

(<u>a</u>) the principalamountofthe Revolving Loansoutstanding atsuch time and (<u>b</u>) the Letterof

Credit Obligations of Borrower outstanding at such time.

"*<u>Revolving Credit Termination Date</u>*" means the earliest of (<u>a</u>) the Scheduled

Termination Date, (<u>b</u>) the date of termination of the Revolving Credit Commitments pursuant to

*Section 2.5* or *Section 9.2* and (<u>c</u>) the date on which the Obligations become due and payable

pursuant to *Section 9.2*.

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"*<u>Revolving Loan</u>*" means an Initial Revolving Loan, a loan made pursuant to a

Supplemental Revolving Credit Commitment, an Incremental Revolving Loan, an Extended

RevolvingLoan or a Specified RefinancingRevolvingLoan and "*<u>Revolving Loans</u>*" means all of

them, collectively.

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"*<u>Rollover Indebtedness</u>*" means Indebtedness of Borrower or a Guarantor <u>(other</u>

<u>than Parent)</u>issued to any Lender in lieu of all or part of such Lender's pro rata portion of any

repayment of Term Loans made pursuant to *Section 2.8(b)*; so long as (other than in connection

with a refinancing in full of the Facilities) (<u>a</u>) such Indebtedness would not have a final stated

maturity or weighted average life to maturity earlier or shorter than the final stated maturity or

remaining weighted average life to maturity of the Term Loans being repaid and (<u>b</u>) such

Indebtedness shall be subject to the requirements of clauses *(a)(i), (ii)*, *(iii), (vii)* and (*viii*) of the

proviso to *Section 2.24(a)*.

"*<u>Sale and Leaseback Transaction</u>*" means any arrangement with any Person

providing for the leasing by Borrower or any of its Subsidiaries of real or personal property

which has been or is to be sold or transferred byBorrower or anysuch Subsidiaryto such Person

or to any other Person to whom funds have been or are to be advanced by such Person on the

security of such property or rental obligations of Borrower or such Subsidiary.

"*<u>Sanctioned Country</u>*" means, at any time, a country or territory which is the

subject or target of any Sanctions broadly prohibiting dealings with such country or territory.

"*<u>Sanctioned</u><u>Person</u>*"means,atanytime,(<u>a</u>)anyPersonlistedinany

Sanctions-related list of designated Persons maintained by the Office of Foreign Assets Control

of the U.S. Department of the Treasury, the U.S. Department of State, the United Nations

Security Council, the European Union or the United Kingdom, (<u>b</u>) any Person operating,

organized or resident in a Sanctioned Country, in each case except to the extent that dealings

with such Personare licensed, approved, exempted or permitted pursuant to applicable

Sanctions or otherwise lawful or (<u>c</u>) any Person owned or controlled by any such Person, where

the relevant Sanctions provide that persons owned or controlled (as such term is interpreted in

the relevant regulations or in any guidance related to such regulations) by such Sanctioned

Person should also be subject to Sanctions.

"*<u>Sanctions</u>*"meanseconomicorfinancialsanctionsortradeembargoesimposed,

administered or enforced from time to time by (<u>a</u>) the U.S. government, including those

administered by the Office of Foreign Assets Control of the U.S. Department of the Treasury or

the U.S. Department of State, or (<u>b</u>) the United Nations SecurityCouncil, the European Union or

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Her<u>His</u>Majesty's Treasury of the United Kingdom.

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"*<u>Scheduled Termination Date</u>*" means February 18, 2024; *provided* that upon a

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Qualifying Threshold IPO, the Scheduled Termination Date shall be February 18, 2026<u>2028</u>.

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"*<u>SEC</u>*"means the Securitiesand Exchange Commissionor any successor thereto.

"*<u>Section</u><u>2.22</u><u>Additional</u><u>Amendment</u>*"hasthemeaningsetforthin*Section*

*2.22(c)*.

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"*<u>Secured Leverage Ratio</u>*" means, with respect to any Person for any period, the

ratio of (<u>a</u>) Financial Covenant Debt of such Person and its Restricted Subsidiaries determined on

a consolidated basis in accordance with GAAP as of the last day of such period that in each case

is then secured by Liens on property or assets of the Borrower and/or its Restricted Subsidiaries

(other than property or assets irrevocably held in a defeasance or similar trust or arrangement for

the benefit of the Indebtedness secured thereby) minus the aggregate amount of Unrestricted

Cash and Cash Equivalents held by such Person and its Restricted Subsidiaries (excluding, for

the avoidance of doubt, any Unrestricted Cash and Cash Equivalents irrevocably held in a

defeasance or similar trust arrangement for the benefit of any Indebtedness secured thereby and

the proceeds of any Indebtedness that are (in the good faith judgment of the Borrower) not

intended to be used for working capital purposes) to (<u>b</u>)EBITDA for such Person and its

Restricted Subsidiaries for such period.

"*<u>Secured Obligations</u>*" means (<u>a</u>) in the case of Borrower, the Obligations of

Borrower and, (<u>b</u>) in the case of each Loan Party (including Borrower), (i) the obligations of

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suchLoanPartyundereachGuarantyandtheotherLoanDocumentstowhichitisaparty,

(<u>ii</u>) the obligations of such Loan Party under any Hedging Contract entered into in connection

herewith with any Person that was a Lender or any Affiliate at the time it entered into such

Hedging Contract thereof and (<u>iii</u>) any Cash Management/Letter of Credit Obligations of

Borrower or any Subsidiary thereof; *provided*, that, any Cash Management/Letter of Credit

Obligations incurred pursuant to clause (ii) of the definition thereof shall only constitute Secured

Obligations up to a maximum aggregate amount equal to (<u>A</u>) at any time prior to a Qualifying

ThresholdIPO,$25,000,000or(<u>B</u>)atanytimefollowingaQualifyingThresholdIPO,

$75,000,000.With respect to any Guarantor, if and to the extent, under the Commodity

Exchange Act or any rule, regulation or order of the CFTC (or the application or official

interpretation of any thereof), all or a portion of the guarantee of such Guarantor of, or the grant

by such Guarantor of a security interest for, the obligation (the "*<u>Excluded Borrower Obligation</u>*")

to pay or perform under any agreement, contract or transaction that constitutes a "swap" within

themeaningofSection1a(47)oftheCommodityExchangeAct(ortheanalogoustermorsection

in any amended or successor statute) is or becomes illegal, the Secured Obligations guaranteed

by such Guarantor shall not include any such Excluded Borrower Obligation.

"*<u>Secured Parties</u>*" means the Lenders, the Issuers, the Administrative Agent and

any other holder of any Secured Obligation.

"*<u>Securities Account</u>*" has the meaning specified in theUCC.

"*<u>Securities</u><u>Act</u>*"meanstheSecuritiesActof1933,asamendedfromtimeto

time.

"*<u>Securitization Assets</u>*" means (i) all existing or hereafter acquired or arising

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Receivables of Borrower or any of its Subsidiaries that are sold, assigned or otherwise

transferred pursuant to a Securitization Facility, (<u>ii</u>) the Related Security with respect to the

Receivables referred to in *clause (i)* above, (<u>iii</u>) the collections and proceeds of the Receivables

and Related Security referred to in *clauses (i)* and *(ii)* above, (<u>iv</u>) all lockboxes, lockbox

accounts, collection accounts or other Deposit Accounts into which such collections are

deposited and which have been specifically identified and consented to by the Administrative

Agent and (<u>v</u>) all other rights and payments which relate solely to such Receivables.

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"*<u>Securitization Facility</u>*" means each transaction or series of related transactions

that effect the securitization of Receivables, including in connection with any Financing

Disposition.

"*<u>Securitization Subsidiary</u>*" means any Subsidiary established by Borrower for

the sole purpose of consummating one or more Securitization Facilities and in respect of which

neither Borrower nor any Subsidiary of Borrower has any obligation to maintain or preserve such

Securitization Subsidiary's financial condition or cause such Securitization Subsidiary to achieve

specified levels of operating results.

"*<u>Security</u>*" means any Stock, Stock Equivalent, voting trust certificate, bond,

debenture, note or other evidence of Indebtedness, whether secured, unsecured, convertible or

subordinated, or any certificate of interest, share or participation in, or any temporary or interim

certificate for the purchase or acquisition of, or any right to subscribe to, purchase or acquire,

any of the foregoing, but shall not include any evidence of the Obligations.

"*<u>Selling</u><u>Lender</u>*" has the meaning set forth in *Section 11.8(a)*.

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<u>"</u>*<u>Senior</u><u>Indebtedness</u>*<u>" has the meaning set forth in</u> *<u>Section</u><u>11.1(a)(ix)</u>*<u>.</u>

"*<u>Significant Subsidiary</u>*" means any Subsidiary that would be a "*<u>significant</u>*

*<u>subsidiary</u>*" as defined in Article 1, Rule 1-02 of Regulation S-X, promulgated pursuant to the

Securities Act, as that Regulation is in effect on the Closing Date.

"*<u>SOFR</u>*" means, with respect to any U.S. Government Securities Business Day, a

rate per annum equal to the secured overnight financing rate for such U.S. Government Securities

Business Day published by the SOFR Administrator on the SOFR Administrator's Website on

the immediately succeeding U.S. Government Securities Business Day.

"*<u>SOFR Administrator</u>*" means the NYFRB (or a successor administrator of the

secured overnight financing rate).

"*<u>SOFR Administrator's Website</u>*" means the NYFRB's website, currently at

http://www.newyorkfed.org, or any successor source for the secured overnight financing rate

identified as such by the SOFR Administrator from time to time.

"*<u>Solicited</u><u>Discount Proration</u>*" has the meaning set forth in *Section 2.8(c)*.

"*<u>Solicited</u><u>Discounted</u><u>Prepayment</u><u>Amount</u>*"hasthemeaningsetforthin

*Section 2.8(c)*.

<u>"</u>*<u>Solicited Discounted Prepayment Notice</u>*" means an irrevocable written notice

of Borrower Solicitation of Discounted Prepayment Offers made pursuant to *Section 2.8(c)(iv)*

substantially in the form of *Exhibit Q*.

"*<u>Solicited Discounted Prepayment Offer</u>*" means the irrevocable written offer by

each Term Loan Lender, substantially in the form of *Exhibit R*, submitted following the

Administrative Agent's receipt of a Solicited Discounted Prepayment Notice.

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"*<u>Solicited</u><u>Discounted</u><u>Prepayment</u><u>Response</u><u>Date</u>*"hasthemeaningsetforthin

*Section 2.8(c)*.

"*<u>Solvent</u>*" and "*<u>Solvency</u>*" means, with respect to Borrower and its Subsidiaries

on the Closing Date, on a consolidated basis, (i) the Fair Value and Present Fair Salable Value of

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the assets of Borrower and its Subsidiaries taken as a whole exceed their Stated Liabilities and

Identified Contingent Liabilities; (<u>ii</u>) Borrower and its Subsidiaries taken as a whole do not have

Unreasonably Small Capital; and (<u>iii</u>) Borrower and its Subsidiaries taken as a whole will be able

to pay their Stated Liabilities and Identified Contingent Liabilities as they mature (all capitalized

terms used in this definition other than "Borrower" and "Subsidiary" shall have the meaning

assigned to such terms in the form of solvency certificate attached hereto as *<u>Exhibit T</u>*).

"*<u>Special Purpose Entity</u>*" means (<u>x</u>) any Securitization Subsidiary or (<u>y</u>) another

Person (other than an Agilon Restricted Entity) that is engaged in the business of acquiring,

selling, collecting, financing or refinancing Securitization Assets.

"*<u>Special Purpose Financing Undertakings</u>*" means representations, warranties,

covenants, indemnities, guarantees of performance and (subject to *clause (y)* of the proviso

below) other agreements and undertakings entered into or provided by Borrower or any of its

Subsidiaries that Borrower determines in good faith are customary or otherwise necessary or

advisable in connection with a Securitization Facility or a Financing Disposition; *provided* that,

subject to the foregoing, (<u>x</u>) it is understood that Special Purpose Financing Undertakings may

consist of or include (i) reimbursement and other obligations in respect of notes, letters of credit,

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surety bonds and similar instruments provided for credit enhancement purposes or (<u>ii</u>) obligations

relating to Hedging Contracts entered into by Borrower or any its Subsidiaries, in respect of any

Securitization Facility and (<u>y</u>) subject to the preceding *clause (x)*, any such other agreements and

undertakings shall not include the incurrence of any Guaranty Obligations of Indebtedness of a

Securitization Subsidiary by Borrower or any of its Subsidiaries that is not a Securitization

Subsidiary.

"*<u>Special Purpose Vehicle</u>*" means any special purpose funding vehicle used by

any Lender to fund the Loans hereunder and identified as such in writing by such Lender to the

Administrative Agent.

"*<u>Specified</u><u>Discount</u>*" has the meaning set forth in *Section 2.8(c)*.

"*<u>Specified</u><u>Discount</u><u>Prepayment</u><u>Amount</u>*"hasthemeaningsetforthin

*Section 2.8(c)*.

"*<u>Specified Discount Prepayment Notice</u>*" means an irrevocable written notice of

Borrower of Specified Discount Prepayment made pursuant to *Section 2.8(c)(ii)* substantially in

the form of *Exhibit L*.

"*<u>Specified Discount Prepayment Response</u>*" means the written response by each

Term Loan Lender, substantially in the form of *Exhibit M*, to a Specified Discount Prepayment

Notice.

"*<u>Specified</u><u>Discount</u><u>Prepayment</u><u>Response</u><u>Date</u>*"hasthemeaningsetforthin

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*Section 2.8(c)*.

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"*<u>Specified Discount Proration</u>*" has the meaning set forth in *Section 2.8(c).* 

"*<u>Specified Equity Contribution</u>*" has the meaning set forth in *Section 9.3*.

"*<u>Specified Existing Tranche</u>*" has the meaning set forth in *Section 2.22(a)*.

"*<u>Specified</u><u>Refinancing</u><u>Amendment</u>*"meansanamendmenttothisAgreement

effecting the incurrence of Specified Refinancing Facilities in accordance with *Section 2.24*.

"*<u>Specified Refinancing Facilities</u>*" has the meaning set forth in *Section 2.24(a)*.

"*<u>Specified Refinancing Lender</u>*" has the meaning set forth in *Section 2.24(b)*.

*"<u>Specified Refinancing Loans</u>*" has the meaning set forth in *Section 2.24(a)*.

"*<u>Specified Refinancing Revolving Commitment</u>*" means, as to any Lender, its

obligation to make Specified Refinancing Revolving Loans to, and/or participate in Letters of

Credit issued on behalf of, the Borrower.

"*<u>Specified Refinancing Revolving Facilities</u>*" has the meaning set forth in*Section*

*2.24(a)*.

*"<u>Specified</u><u>Refinancing</u><u>Revolving</u><u>Loans</u>*"hasthemeaningsetforthin*Section*

*2.24(a)*.

"*<u>Specified</u><u>Refinancing</u><u>Term</u><u>Loan</u><u>Facilities</u>*"hasthemeaningsetforthin

*Section 2.24(a)*.

"*<u>Specified</u><u>Refinancing</u><u>Term</u><u>Loans</u>*"hasthemeaningsetforthin*Section*

*2.24(a)*.

"*<u>Stock</u>*"meanssharesofcapitalstock(whetherdenominatedascommonstockor

preferred stock), beneficial, partnership or membership interests, participations or other

equivalents (regardless of how designated) of or in a corporation, partnership, limited liability

company or equivalent entity, whether voting or non-voting.

"*<u>Stock Equivalents</u>*" means all securities convertible into or exchangeable for

Stockand all warrants, options or other rights to purchase or subscribe for anyStock, whether or

not presently convertible, exchangeable or exercisable.

"*<u>Submitted Amount</u>*" has the meaning set forth in *Section 2.8(c)(iii)(A)*.

"*<u>Submitted Discount</u>*" has the meaning set forth in *Section 2.8(c)(iii)(A)*.

"*<u>Subordinated</u><u>Indebtedness</u>*"meansanyIndebtednessofBorrower(whether

outstandingontheClosingDateorthereafterincurred)thatisexpresslysubordinatedinrightof

payment to the Obligations pursuant to a written agreement or instrument.

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"*<u>Subsidiary</u>*" means, with respect to any Person, any corporation, partnership,

limited liability company or other business entity of which an aggregate of more than 50% of the

outstanding Voting Stock is, at the time, directly or indirectly, owned or controlled by such

Person or one or more Subsidiaries of such Person.The term "Subsidiary" shall not include any

Related Corporation, provided that, for the avoidance of doubt, (a) nothing in this sentence shall

limit or otherwise affect the treatment of Related Corporations (including with respect to

consolidation) for financial reporting purposes under and in accordance with GAAP and (b) if

andtotheextentthatany RelatedCorporationsarerequiredtobeconsolidatedwiththe

Borrower and its Subsidiaries for financial reporting purposes under and in accordance with

GAAP, then for purposes of (i) any financial reporting requirement hereunder (including, without

limitation, under Section 6.1) and (ii) any calculation hereunder of Consolidated Net Income,

Consolidated Total Assets, EBITDA, Excess Cash Flow, Financial Covenant Debt, the First Lien

Leverage Ratio, the Leverage Ratio and the Secured Leverage Ratio, in each case, such Related

Corporations shall be included in such financial reporting and/or calculations (as applicable)

notwithstanding anything to the contrary herein.

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"*<u>Subsidiary</u><u>Guarantor</u>*" means each Guarantor other than Holdings <u>and</u><u>Parent</u>.

"*<u>Subsidiary</u><u>Redesignation</u>*"hasthemeaningsetforthinthedefinitionof

"*<u>Unrestricted Subsidiary</u>*."

"*<u>Supplemental</u><u>Revolving</u><u>Credit</u><u>Commitments</u>*"hasthemeaningsetforthin

*Section 2.21*.

"*<u>Tax Affiliate</u>*" means, with respect to any Person, (<u>a</u>) any Subsidiary of such

Person, and (<u>b</u>) any Affiliate of such Person with which such Person files consolidated,

combined or unitary tax returns.

"*<u>Tax Sharing Agreement</u>*" means any tax sharing agreement between Parent and

Borrower entered into on or prior to the Closing Date, as the same may be amended, restated,

supplemented, waived or otherwise modified from time to time in.

"*<u>Taxes</u>*"meansanyandallpresentorfutureincome,stamporothertaxes,levies,

imposts, duties, charges, fees, deductions or withholdings (including penalties and interest with

respect thereto), now or hereafter imposed, levied, collected, withheld or assessed by any

Governmental Authority.

"*<u>Term Loan</u>*" means an Initial Term Loan, an Incremental Term Loan, an

Extended Term Loan and a Specified Refinancing Term Loan, and "*<u>Term Loans</u>*" means all of

them, collectively.

"*<u>Term Loan Borrowing</u>*" means Term Loans made on the same day bythe Term

Loan Lenders ratably according to their respective Term Loan Commitments.

"*<u>Term Loan Commitment</u>*" means an Initial Term Loan Commitment or an

Incremental Term Commitment, and "*<u>Term Loan Commitments</u>*" means all of them, collectively.

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"*<u>Term Loan Facility</u>*" means the Initial Term Loan Facility, any Incremental

Term Facility, any Extended Term Tranche or any Specified Refinancing Term Loan Facility,

and "*<u>Term Loan Facilities</u>*" means all of them, collectively.

"*<u>Term Loan Lender</u>*" means, at any time, any Lender that is an Initial Term Loan

Lender, an Additional Lender under an Incremental Term Facility, an Extending Lender under an

Extended Term Tranche or a Specified Refinancing Lender providing Specified Refinancing

Term Loans.

"*<u>Term Loan Maturity Date</u>*" means February 18, 2024; *provided* that upon the

consummation of a Qualifying Threshold IPO, the Initial Term Loan Maturity Date shall be

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February 18, 2026<u>2028</u>.

"*<u>Term Loan Note</u>*" means a promissory note of Borrower payable to any Term

Loan Lender or its registered assigns in an original principal amount equal to the Loans made by

such Lender to Borrower and evidencing the Indebtedness of Borrower to such Lender resulting

from the Term Loans owing to such Lender.

"*<u>Term</u><u>Loan</u><u>Outstanding</u><u>Amount</u>*"means,withrespecttoanyTermLoan,atany

particular time, the principal amount of such Term Loan outstanding at such time after giving

effect to any borrowings and prepayments or repayments thereof.

"*<u>Term SOFR Administrator</u>*" means the CME Group BenchmarkAdministration

Limited (CBA) (or any successor administrator of the Term SOFR Reference Rate).

"*<u>Term</u><u>SOFR</u> <u>Rate</u>*"

(a)for any calculation with respect to a Term SOFR Rate Loan, the Term SOFR

Reference Rate at approximately5:00a.m. (Chicagotime) (such time, the "*<u>Periodic Term</u><u>SOFR</u>*

*<u>Determination Time</u>*") for a tenor comparable to the applicable Interest Period on the day (such

day, the "*<u>Periodic Term SOFR Determination Day</u>*") that is two (2) U.S. Government Securities

Business Days prior to the first day of such Interest Period, as such rate is publishedby the

Term SOFR Administrator; <u>provided</u>, <u>however</u>, that if as of the Periodic Term SOFR

Determination Time on any Periodic TermSOFR Determination Day the TermSOFR Reference

Rate for the applicable tenor has not been published by the Term SOFR Administrator and a

TermSOFR Replacement Date with respect to the TermSOFR Reference Rate has not occurred,

then TermSOFR Rate will be the TermSOFR Reference Rate for such tenor as published bythe

Term SOFR Administrator as of the Periodic Term SOFR Determination Time on the first

precedingU.S.GovernmentSecuritiesBusinessDayforwhichsuchTermSOFRReferenceRate

forsuchtenorwaspublishedbytheTermSOFRAdministratorsolongassuchfirstpreceding

U.S.Government Securities Business Dayis not more than three (3) U.S.Government Securities

Business Days prior to such Periodic Term SOFR Determination Day, and

(b)for any calculation with respect to a Base Rate Loan on any day, the Term

SOFR Reference Rate at approximately 5:00 a.m. (Chicago time) (such time, the *"<u>Base</u><u>Rate</u>*

*<u>Term SOFR Determination Time</u>*") for a tenor of one month on the day (such day, the "*<u>Base</u><u>Rate</u>*

*<u>Term</u><u>SOFR</u><u>Determination</u><u>Day</u>*")thatistwo(2)U.S.GovernmentSecuritiesBusinessDays prior

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to such day, as such rate is published by the Term SOFR Administrator; <u>provided</u>, <u>however</u>, that

ifasoftheBaseRateTermSOFRDeterminationTimeonanyBaseRateTermSOFR

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Determination Day the Term SOFR Reference Rate for the applicable tenor has not been

published by the Term SOFR Administrator and a Term SOFR Replacement Date with respect to

the Term SOFR Reference Rate has not occurred, then TermSOFR Rate will be the TermSOFR

Reference Rate for such tenor as published by the Term SOFR Administrator as of the Base Rate

Term SOFR Determination Time on the first preceding U.S. Government Securities Business

DayforwhichsuchTermSOFRReferenceRateforsuchtenorwaspublishedbytheTermSOFR

Administrator so long as such first preceding U.S. Government Securities Business Day is not

more than three (3) U.S. Government Securities Business Days prior to such Base Rate Term

SOFR Determination Day;

<u>provided</u>, <u>further</u>, that if Term SOFR Rate determined as provided above

(including pursuant to the proviso under clause (a) or clause (b) above) shall ever be less than

0.50%, then Term SOFR Rate shall be deemed to be 0.50%; <u>provided</u>, <u>further</u>, that with respect

to any Term SOFR Rate Loans, for any Interest Period, TermSOFR Rate shall include the Term

SOFR Rate Adjustment.

IfatanytimetheAdministrativeAgentdetermines(whichdeterminationshallbe

conclusive absent manifest error) that (i) the circumstances set forth in *<u>Section 2.14(b)</u>*have

arisen and such circumstances are unlikely to be temporary or (ii) the circumstances set forth in

*<u>Section 2.14(b)</u>*have not arisen but the Term SOFR Administrator or a Governmental Authority

having jurisdiction over the Administrative Agent has made a public statement identifying a

specific date after which Term SOFR Rate shall no longer be used or be representative for

determining interest rates for loans in Dollars (such date, "<u>Term</u><u>SOFR Replacement Date</u>"), then

the Administrative Agent and the Borrower Representative shall endeavor to establish an

alternate rate of interest to Term SOFR Rate that gives due consideration to the then prevailing

market convention for determining a rate of interest for syndicated loans in the United States at

such time, and shall enter into an amendment to this Agreement to reflect such alternate rate of

interest and such other related changes to this Agreement, including Benchmark Replacement

Conforming Changes, as may be applicable (including amendments to the Applicable Margin to

preserve the terms of the economic transactions initially agreed to among the Borrowers, on the

one hand, and the Lenders on the other hand).Notwithstanding anything to the contrary herein,

such amendment shall become effective without any further action or consent of any other party

to this Agreement.

"*<u>Term</u><u>SOFR</u><u>Rate</u><u>Adjustment</u>*"meanswithrespecttoany(i)Initial

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TermLoans that are Term SOFR Rate Loans, 0.10% per annum and (<u>ii</u>) Revolving Loans that are

TermSOFR Rate Loans (<u>x</u>) with an Interest Period of greater than one month, 0.10% per annum,

and (<u>y</u>) with an Interest period of one month, 0.0% per annum.

"*<u>Term SOFR Rate Interest Period</u>*"means, in the case of anyTerm SOFR

Rate Loan, (<u>a</u>)initially, the period commencing on the date such Term SOFR Rate Loan

is made or on the date of conversion of a Base Rate Loan or Daily Simple SOFR Rate

Loan to such Term SOFR Rate Loan and ending one, three or six months thereafter, as

selectedbyBorrowerinitsNoticeofBorrowingorNoticeofConversionorContinuation

given to the Administrative Agent pursuant to *Section 2.2* or *2.11*, and (<u>b</u>)thereafter, if

such Loan is continued, in whole or in part, as a Term SOFR Rate Loan pursuant to

*Section 2.11*, a period commencing on the last dayof the immediatelypreceding Interest

Periodthereforandendingone,threeorsixmonthsthereafter,asselectedbyBorrowerin

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itsNoticeofConversionorContinuationgiventotheAdministrativeAgentpursuantto

*Section2.11*.

"*<u>Term SOFR Rate Loan</u>*" means a Loan that bears interest at a rate based on the

Term SOFR Rate, other than, for the avoidance of doubt, pursuant to clause (c) of the definition

of "Base Rate".

"*<u>Term</u><u>SOFR</u><u>Reference</u><u>Rate</u>*"meanstheforward-lookingtermratebasedon

SOFR.

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<u>"</u>*<u>Third Amendment</u>*<u>" means the Third</u><u>Amendment to Credit Agreement, dated as</u>

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<u>of February 12, 2026, between the Borrower, the other Loan Parties party thereto, the Lenders</u>

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<u>party thereto, the Issuers party thereto and the Administrative Agent.</u>

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<u>"</u>*<u>Third</u><u>Amendment</u><u>Effective</u><u>Date</u>*<u>"</u><u>has</u><u>the</u><u>meaning</u><u>specified</u><u>in</u><u>the</u><u>Third</u>

<u>Amendment.</u>

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<u>"</u>*<u>Third Amendment Repayment and Termination</u>*<u>" has the meaning specified in</u>

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<u>the Third Amendment.</u>

"*<u>Title IV Plan</u>*" means a pension plan, other than a Multiemployer Plan, covered

by TitleIV of ERISA and to which Holdings, Borrower or any ERISA Affiliate has any

obligation or liability (contingent or otherwise).

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<u>"</u>*<u>Total Cash</u>*<u>" means, at any time, the sum of the Unrestricted Cash and Cash</u>

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<u>Equivalents of Borrower and its Restricted Subsidiaries, solely to the extent such Unrestricted</u>

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<u>Cash and Cash Equivalents are held on deposit with the Administrative Agent.</u><u>For the</u>

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<u>avoidance of doubt, Total Cash shall include the unconsolidated Cash of the ACO Entities,</u>

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<u>including pursuant to the CMS ACO Models, solely to the extent such unconsolidated Cash is</u>

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<u>held on deposit with the Administrative Agent.</u>

"*<u>Tranche</u>*" (<u>a</u>) when used with respect to Term Loans or Term Loan

Commitments, refers to whether such Term Loans or Term Loan Commitments are (i)Initial

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Term Loans or Initial Term Loan Commitments, (<u>ii</u>)Incremental Term Loans or Incremental

TermLoanCommitmentswiththesametermsandconditionsmadeonthesameday,

(<u>iii</u>) Extended Term Loans with the same terms or (<u>iv</u>) Specified Refinancing Term Loan

Facilities with the same terms and conditions made on the same day and (<u>b</u>) when used with

respect toRevolvingCreditCommitmentsorRevolvingLoans,refers towhether suchRevolving

Credit Commitments or Revolving Loans are (i)Initial Revolving Credit Commitments or Initial

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Revolving Loans, (<u>ii</u>)Incremental Revolving Credit Commitments or Incremental Revolving

Loans with the same terms made on the same day, (<u>iii</u>) ExtendedRevolvingLoans with thesame

terms or (<u>iv</u>) Specified Refinancing Revolving Facilities with the same terms and conditions

made on the same day.

"*<u>Transactions</u>*" means, collectively, any or all of the following:(i) the Existing

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Credit Facilities Refinancing Date Transaction, (<u>ii</u>) [reserved], (<u>iii</u>) the entry into this Agreement

and incurrence of Indebtedness hereunder by one or more of Holdings, Borrower and its

Subsidiaries and (<u>iv</u>) all other transactions relating to any of the foregoing(includingpayment of

fees and expenses related to any of the foregoing).

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"*<u>Type</u>*" means, with respect to a Loan, its category as a Base Rate Loan, Daily

Simple SOFR Rate Loan or Term SOFR Rate Loan.

"*<u>UCC</u>*"has themeaning specifiedin thePledge andSecurity Agreement.

"*<u>UK Financial Institution</u>*" means any means any BRRD Undertaking (as such

term is defined under the PRA Rulebook (as amended form time to time) promulgated by the

United Kingdom Prudential Regulation Authority) or any person falling within IFPRU 11.6 of

the FCA Handbook (as amended from time to time) promulgated by the United Kingdom

Financial Conduct Authority, which includes certain credit institutions and investment firms, and

certain affiliates of such credit institutions or investment firms.

"*<u>UK Resolution Authority</u>*" means the Bank of England or any other public

administrative authority having responsibility for the resolution of any UK Financial Institution.

"*<u>Undisclosed Administration</u>*" means, in relation to a Lender, the appointment of

an administrator, provisional liquidator, conservator, receiver, trustee, custodian or other similar

official by a supervisory authority or regulator under or based on the law in the country where

such Lender is subject to home jurisdiction supervision if applicable law requires that such

appointment is not to be publicly disclosed.

"*<u>Unfunded Pension Liabilities</u>*" means, with respect to Borrower or any of its

ERISA Affiliates at any time, the sum of (<u>a</u>) the amount, if any, by which the present value

(within the meaning of Section 3(27) of ERISA) of the aggregate benefit liabilities (within the

meaning specified in Section 4001 of ERISA) under each Title IV Plan (other than any Title IV

Plan subject to Section 4063 of ERISA), determined as of the end of such Title IV Plan's most

recently ended plan year on the basis of the actuarial assumptions specified for funding purposes

pursuant to ERISA Section 302(c)(3) in such Plan's most recent actuarial valuation report,

exceeds the aggregate current value (within the meaning of Section 3(26) of ERISA) of the assets

of such Title IV Plan allocable to such benefits in accordance with Title IV of ERISA, as

determined for the most recent valuation date for such Title IV Plan using the actuarial

assumptions as set forth in such report, or (<u>b</u>) with respect to each Foreign Plan, the amount, if

any, by which the present value of all benefit obligations under such plan exceed the fair market

value of assets attributable to such plan (determined for the most recent valuation date for such

plan using the actuarial assumptions in effect for such plan set forth in the actuarial valuation

report).

"*<u>United</u><u>States</u><u>person</u>*"hasthemeaningsetforthinSection7701(a)(30)ofthe

Code.

"*<u>Unrestricted Cash</u>*" means, as at any date of determination, the aggregate

amount of cash and Cash Equivalents included in the cash accounts listed on the consolidated

balance sheet of Borrower and its Restricted Subsidiaries as at such date to the extent such cash

and Cash Equivalents are not classified as "restricted" for financial statement purposes of GAAP

as at such date (or are classified as "restricted" because of a contractual requirement that any net

cash proceeds be reinvested in other assets or used to prepay First Lien Debt incurred in

compliance with this Agreement or that it be subject to a security interest to secure payment of

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First Lien Debt incurred in compliance with this Agreement and the Secured Obligations on a

*pari passu* basis (or any combination of the foregoing or other similar requirements)).

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"*<u>Unrestricted Subsidiary</u>*" means (<u>A</u>) any Subsidiary of Borrower designated by

Borrower as an Unrestricted Subsidiary hereunder by written notice to the Administrative Agent;

*provided* that Borrower shall only be permitted to designate a Subsidiary as an Unrestricted

Subsidiary after the Closing Date so long as (<u>a</u>) no Event of Default has occurred and is

continuing or would result therefrom, (<u>b</u>) immediately after giving effect to such designation, the

Borrower shall be in compliance with the financial covenants set forth in *Article V*, for the most

recent Financial Covenant Period for which Financial Statements have been delivered pursuant to

*Section6.1*,calculatedonaProFormaBasis,(<u>c</u>) suchUnrestrictedSubsidiary shallbe

capitalized (to the extent capitalized by Borrower or any of its Restricted Subsidiaries) through

Investments as permitted by, and in compliance with *Section 8.3* and (<u>d</u>) without duplication of

*clause (c)*, any assets owned by such Unrestricted Subsidiary at the time of the initial designation

thereof shall be treated as Investments pursuant to *Section 8.3* and (<u>B</u>) any subsidiary of an

Unrestricted Subsidiary.Borrower may designate any Unrestricted Subsidiary to be a Restricted

SubsidiaryforpurposesofthisAgreement(each,a"*<u>Subsidiary</u><u>Redesignation</u>*");*provided*that

(i)noEventofDefaulthasoccurredandiscontinuingorwouldresulttherefrom,and

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(ii)immediately after giving effect to such Subsidiary Redesignation, Borrower shall be in

compliance with the financial covenants set forth in *Article V*, for the most recent Financial

Covenant Period for which Financial Statements have been delivered pursuant to *Section 6.1*,

calculated on a Pro Forma Basis.

"*<u>U.S. Government Securities Business Day</u>*" means any day except for (i) a

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Saturday, (<u>ii</u>) a Sunday or (<u>iii</u>) 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>U.S. Special Resolution Regime</u>*" means each of (<u>i)</u> the Federal Deposit

Insurance Act and the regulations promulgated thereunder and (<u>ii</u>) Title II of the Dodd-Frank

Wall Street Reform and Consumer Protection Act and the regulations promulgated thereunder.

"*<u>U.S. Tax Compliance Certificate</u>*" has the meaning set forth in *Section 2.16(f)*.

"*<u>Unused Commitment Fee</u>*" has the meaning set forth in *Section 2.12(a)*.

"*<u>Vantage</u><u>Promissory</u><u>Note</u>*"meansthepromissorynotemadebyVectorVantage

Parent, Inc. in favor of the Borrower.

"*<u>Voting Stock</u>*" means Stock of any Person having ordinary power to vote in the

election of members of the Board of Directors, managers, trustees or other controlling Persons,

of such Person (irrespective of whether, at the time, Stock of any other class or classes of such

entity shall have or might have voting power by reason of the happening of any contingency).

"*<u>Waivable Mandatory Prepayment</u>*" has the meaning set forth in *Section 2.9(d)*.

"*<u>Weighted</u><u>Average</u><u>Yield</u>*"meanswithrespecttoanyLoan,onanydateof

determination,theweightedaverageyieldtomaturity(ona*perannum*percentagebasis)

including (i) the benefit of any increased interest rate floors and (<u>ii</u>) fees and original issue or

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other discount payable to all Lenders of the applicable tranche, in each case accruing to the

benefitofsuchLendersasofthetimewhensuchLoansweremade(butexcluding,withrespect

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to Revolving Loans, any fees and original issue or other discount paid to the Revolving Credit

Lenders on the Closing Date).

"*<u>Wholly Owned Subsidiary</u>*" means, with respect to any Subsidiary of any

Person, all of the Stock of such Subsidiary (other than director's qualifying shares or such other

*de minimis* portion thereof to the extent required by law) is owned by such Person, either directly

or indirectly through one or more of its Wholly-Owned Subsidiaries.

"*<u>Write-Down and Conversion Powers</u>*" 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 EUBail-In Legislation Schedule, and (b)

with respect to the United Kingdom, the powers of the applicable Resolution Authority in each

case under the Bail-In Legislation to cancel, reduce, modify or change the form of a liability of

any UK Financial Institutionor 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.

"*<u>Year</u><u>2</u><u>Losses</u>*"hasthemeaningsetforthinthedefinitionoftheterm

"*<u>EBITDA</u>*".

***Section1.2Computation of Time Periods****.* InthisAgreement,inthecomputationof

periods of time from a specified date to a later specified date, the word "*<u>from</u>*" means "*<u>from and</u>*

*<u>including</u>*" and the words "*<u>to</u>*" and "*<u>until</u>*" each mean "*<u>to but excluding</u>*" and the word "*<u>through</u>*"

means "*<u>to and including</u>*<u>.</u>"

***Section 1.3Accounting Terms and Principles***.

(a)For purposes of making any of the financial covenant calculations required

by this Agreement all components of such calculations shall include or exclude, as the case may

be, without duplication, such components of such calculations attributable to any business or

assets that have been acquired or disposed of by Borrower or any of its Restricted Subsidiaries

(including through Permitted Acquisitions) or any Person becoming or ceasing to be a Related

Corporation, in each case after the first day of such fiscal period and prior to the end of such

period, as determined in good faith by Borrower on a Pro Forma Basis.

(b)Any amount specified in this Agreement or any of the other Loan Documents

to be in a currency other than Dollars shall also include the equivalent of such currencyinDollars

determinedbyusingtherateofexchangequotedbytheAdministrativeAgent in New York, New

York at 11:00 A.M. (New York time) on the date of determination to prime banks in New York

for the spot purchase in the New York foreign exchange market of such amount of Dollars with

such currency.

(c)Inadditiontotheforegoing*clause(a)*,forpurposesofmakinganyofthe

First Lien Leverage Ratio, the Leverage Ratio or Secured Leverage Ratio calculations required

hereunder (other than under *Article V* or under the definition of "*Applicable Margin*" or

"*ApplicableUnusedCommitmentFeeRate*")(i) all components of such calculations shall

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include or exclude, as the case may be, without duplication, such components of such

calculationsattributabletoanybusinessorassetsthathavebeenacquiredordisposedofby

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Borrower or any of its Restricted Subsidiaries after the last day of the most recent Financial

Covenant Period and including any proposed transaction requiring the calculation of the First

Lien Leverage Ratio, the Leverage Ratio or the Secured Leverage Ratio and (<u>ii</u>) Financial

Covenant Debt shall be calculated based on the amount outstanding on the date of such First Lien

Leverage Ratio, Leverage Ratio or Secured Leverage Ratio calculation, as the case may be, as

determined in good faith by Borrower on a Pro Forma Basis.

(d)For purposes of determining any financial ratio or making any financial

covenant calculation for any period or a portion of a period prior to the first delivery of Financial

Statements pursuant to *Section 6.1*, (i) EBITDA of Borrower and its Restricted Subsidiaries shall

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be determined on a Pro Forma Basis based on the financial statements delivered pursuant to

*Section 3.1(b)*, (<u>ii</u>) Financial Covenant Debt shall be determined on a Pro Forma Basis for such

period based on the Financial Covenant Debt outstanding (or intended to be incurred) at the time

such financial ratio or financial covenant calculation is made as determined in good faith by

Borrower based on its internally generated financial statements for the most recent fiscal month

ofBorrowerreflectingFinancialCovenantDebtoutstandingonoraftertheClosingDate,

(iii)First Lien Debt shall be determined on a Pro Forma Basis for such period based on the First

Lien Debt outstanding (or intended to be incurred) at the time such financial ratio calculation is

made as determined in good faith by Borrower based on its internally generated financial

statements for the most recent fiscal month of Borrower reflecting First Lien Debt outstanding on

orafterthe Closing Date and (<u>iv</u>) Consolidated Interest Expense shall be determined in good

faith by Borrower on an annualized basis based on its internally generated financial statements

for the most recent fiscal month of Borrower reflecting Financial Covenant Debt outstanding on

or after the Closing Date.

(e)To the extent compliance with the covenant set forth in *Section 5.1* is being

calculated as of a date that is prior to the first test date under such *Section 5.1*, in order to

determine the permissibility of an action by one or more of Borrower and its Restricted

Subsidiaries, such compliance shall be tested for such purpose against the level required in

*Section 5.1* as of the Financial Covenant Period ending March 31, 2021.

(f)In connection with any action being taken in connection with a Limited

Condition Transaction, for purposes of determining compliance with any provision of this

Agreement which requires that no Default, Event of Default or specified Default or Event of

Default, as applicable, has occurred, is continuing or would result from any such action, as

applicable, such condition shall, at the option of the Borrower, be deemed satisfied, so long as no

Default, Event of Default or specified Default or Event of Default, as applicable, exists on the

date (<u>x</u>) a definitive agreement for such Limited Condition Transaction is entered into or (<u>y</u>) in

connection with an acquisition to which the United Kingdom City Code on Takeovers and

Mergers (or any equivalent thereof under the laws, rules or regulations in any other applicable

jurisdiction) applies, on which a "Rule 2.7 announcement" (or any equivalent thereof) of a firm

intention to make an offer in respect of a target of a Limited Condition Transaction is made (or

the equivalent notice under such equivalent laws, rules or regulations in such other applicable

jurisdiction).For the avoidance of doubt, if the Borrower has exercised its option under the first

sentence of this *clause (f)*, and any Default, Event of Default or specified Default or Event of

Default, as applicable, occurs following the date (<u>x</u>) a definitive agreement for the applicable

Limited Condition Transaction was entered into or (<u>y</u>) in connection with an acquisition to which

the United Kingdom City Code on Takeovers and Mergers (or any equivalent thereof under the

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laws, rules or regulations in any other applicable jurisdiction) applies, on which a "Rule 2.7

announcement" of a firm intention to make an offer in respect of a target of a Limited Condition

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Transaction is made (or the equivalent notice under such equivalent laws, rules or regulations in

such other applicable jurisdiction) and prior to the consummation of such Limited Condition

Transaction, any such Default, Event of Default or specified Default or Event of Default, as

applicable, shall be deemed to not have occurred or be continuing for purposes of determining

whether any action being taken in connection with such Limited Condition Transaction is

permitted hereunder.

(g)In connection with any action being taken in connection with a Limited

Condition Transaction, for purposes of:

(i)determining compliance with any provision of this Agreement

which requires the calculation of the First Lien Leverage Ratio, Leverage Ratio or the

Secured Leverage Ratio (includingcompliance with the covenant set forth in *Section 5.1*

on a Pro Forma Basis);

(ii)testing baskets set forth in this Agreement (including baskets

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measured as a percentage of Consolidated Total Assets <u>or EBITDA</u>); or

(iii)any other determination as to whether any such Limited Condition

Transaction and any related transactions (including any financing thereof) complies with

the covenants or agreements contained in this Agreement;

in each case, at the option of the Borrower (the Borrower's election to exercise such

option in connection with any Limited Condition Transaction, an "*<u>LCT Election</u>*"), the

date of determination of whether any such action is permitted hereunder, shall be deemed

to be the date (<u>x</u>) a definitive agreement for such Limited Condition Transaction is

entered into or (<u>y</u>) in connection with an acquisition to which the United Kingdom City

Code on Takeovers and Mergers (or any equivalent thereof under the laws, rules or

regulations in any other applicable jurisdiction) applies, on which a "Rule 2.7

announcement" of a firm intention to make an offer in respect of a target of a Limited

Condition Transaction is made (or the equivalent notice under such equivalent laws,

rules or regulations in such other applicable jurisdiction), as applicable (the "*<u>LCT Test</u>*

*<u>Date</u>*"), and if, after giving pro forma effect to the Limited Condition Transaction and the

other transactions to be entered into in connection therewith (including any Incurrence or

Discharge of Indebtedness and Liens and the use of proceeds thereof) as if they had

occurred at the beginning of the most recent Financial Covenant Period ending prior to

the LCT Test Date for which Financial Statements have been delivered pursuant to

*Section 6.1*, the Borrower could have taken such action on the relevant LCT Test Date in

compliance with such ratio, basket or amount, such ratio, basket or amount shall be

deemed to have been complied with; *provided* that (<u>a</u>) if financial statements for one or

more subsequent Fiscal Quarters or Fiscal Years shall have been delivered pursuant to

*Sections 6.1(a)* or *6.1(b*), the Borrower may elect, in its sole discretion, to re-determine

all such ratios, baskets or amounts on the basis of such financial statements, in which

case, such date of redetermination shall thereafter be deemed to be the applicable LCT

Test Date for purposes of such ratios, baskets or amounts and (<u>b</u>) except as contemplated

in the foregoing *clause (a)*, compliance with such ratios, baskets or amounts (and any

related requirements and conditions) shall not be determined or tested at any time after

the applicable LCT Test Date for such Limited Condition Transaction and any actions or

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transactions related thereto (including any Incurrence or Discharge of Indebtedness and

Liens and the use of proceeds thereof). For purposes of determining compliance with any

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ratio, basket or amount on the applicable LCT Test Date, Consolidated Interest Expense

for purposes of the EBITDA will be calculated using an assumed interest rate based on

the indicative interest margin contained in any financing commitment documentation

with respect to such Indebtedness or, if no such indicative interest margin exists, as

determined by the Borrower in good faith, which determination shall be conclusive.For

the avoidance of doubt, if the Borrower has made an LCT Election and any of the ratios,

baskets or amounts for which compliance was determined or tested as of the LCT Test

Date are exceeded as a result of fluctuations in any such ratio, basket or amount,

including due to fluctuations in exchange rates or EBITDA or Consolidated Total Assets

of the Borrower or the Person subject to such Limited Condition Transaction, at or prior

to the consummation of the relevant transaction or action, such ratios, baskets or amounts

will not be deemed to have been exceeded as a result of such fluctuations.If the

Borrower has made an LCT Election for any Limited Condition Transaction, then in

connection with any subsequent calculation of any ratio, basket or amount availability

with respect to the Incurrence or Discharge of Indebtedness or Liens, or the making of

Investments, Dispositions, mergers, the conveyance, lease or other transfer of all or

substantially all of the assets of the Borrower or the designation of an Unrestricted

Subsidiary on or following the relevant LCT Test Date and prior to the earlier of the date

on which (<u>1</u>) such Limited Condition Transaction is consummated, (<u>2</u>) the definitive

agreement for, or firm offer in respect of, such Limited Condition Transaction is

terminated or expires without consummation of such Limited Condition Transaction or

(<u>3</u>)suchnoticeofredemption,repurchase,defeasance,satisfactionanddischargeor

repayment of Indebtedness, Disqualified Capital Stock of Preferred Stock is revoked or

expires without consummation, any such ratio, basket or amount shall be calculated on a

pro forma basis assuming such Limited Condition Transaction and other transactions in

connection therewith (includingany Incurrence orDischarge of Indebtednessand the use

of proceeds thereof) have been consummated.

(h)For purposes of calculating the principal amount of Indebtedness permitted

to be incurred pursuant to (<u>x</u>)*Section 8.1(c)* or (<u>y</u>) *Section 8.1(q)* in reliance of theratio test in

*clause (B)(x)* of the proviso of such clause (collectively, the "*<u>Ratio-Based Debt</u><u>Baskets</u>*"), any

pro forma calculation of First Lien Leverage Ratio, Secured Leverage Ratio or Leverage Ratio,

as applicable, shall be determined without giving effect to any other incurrence of Indebtedness

on the date of determination pursuant to any other clause or sub-clause of*Section 8.1* other than

Ratio-Based Debt Baskets.

***Section 1.4CertainTerms***.

(a)The terms "*<u>herein</u>*," "*<u>hereof</u>*" and "*<u>hereunder</u>*" and similar terms refer to this

Agreement as a whole, and not to any particular Article, Section, subsection or clause in, this

Agreement.With respect to any Default or Event of Default, the words "exists," "is continuing"

or similar expressions with respect thereto shall mean that such Default or Event of Default has

occurred and has not yet been cured or waived.If any Default or Event of Default has occurred

hereunder (any such Default or Event of Default, an "*<u>Initial Default</u>*") and is subsequently cured

(a "*<u>Cured Default</u>*"), any other Default, Event of Default or failure of a condition precedent that

resulted or may have resulted from (i) the making or deemed making of any representation or

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warranty by any Loan Party or (<u>ii</u>)any act or omission by any Loan Party or any Subsidiary of

any Loan Party, in each case which subsequent Default, Event of Default or failure would not

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have arisen had the Cured Default not been continuing at the time of such representation,

warranty,actionoromission,shallbedeemedtoautomaticallybecuredorsatisfied,as

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applicable, upon, and simultaneously with, the cure of the Cured Default, so long as at the time

of such representation, warranty, action or omission, no Responsible Officer of the Borrower had

knowledge of any such Initial Default.To the extent not already so notified, the Borrower

Representative will provide prompt written notice of any such automatic cure to the

Administrative Agent after a Responsible Officer of the Borrower knows of the occurrence of

any such automatic cure.Any time period in this Agreement to cure any actual or alleged

Default or Event of Default may be extended or stayed by a court of competent jurisdiction to the

extent such actual or alleged Default or Event of Default is the subject of litigation.

(b)Unless otherwise expressly indicated herein, (i) references in this Agreement

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tothepreambleorrecitalsortoanExhibit,Schedule,Article,Section,clauseor sub-clause

refertotheappropriateExhibitorScheduleto,orArticle,Section,clauseorsub-clause in

this Agreement and (<u>ii</u>) the words "*<u>above</u>*" and "*<u>below</u>*", when following areference to a clause

or a sub-clause of any Loan Document, refer to a clause or sub-clause within, respectively, the

same Section or clause.

(c)Each agreement defined in this *Article I* shall include all appendices,

exhibits and schedules thereto.Unless the prior written consent of the Requisite Lenders (or

such greater number of Lenders as may be required hereunder) is required hereunder for an

amendment, restatement, supplement or other modification to any such agreement and such

consent is not obtained, references in this Agreement to such agreement shall be to such

agreement as so amended, restated, supplemented or otherwise modified.Any reference herein

to any Person shall be construed to include such Person's successors and assigns permitted

hereunder.

(d)References in this Agreement to any statute shall be to such statute as

amended or modified, together with any successor legislation, in each case in effect at the time

any such reference is operative.

(e)The term "*<u>including</u>*" when used in any Loan Document means "*<u>including</u>*

*<u>without limitation</u>*" except when used in the computation of time periods.

(f)The terms "*<u>Lender</u>*," "*<u>Issuer</u>*" and "*<u>Administrative Agent</u>*" include, without

limitation, their respective successors.

(g)Upon the appointment of any successor Administrative Agent pursuant to

*Section 10.6*, references to JPMorgan in *Section 10.3* shall be deemed to refer to the financial

institution then acting as the Administrative Agent or one of its Affiliates if it so designates.

(h)Any references herein or under any other Loan Document to a security

interest being "granted" or "perfected" shall be deemed to refer to a grant or perfection under the

Uniform Commercial Code of any U.S. jurisdiction and to similar provisions, concepts or terms

under the law of any other jurisdiction (it being understood that in jurisdictions where no such

similar provisions, concepts or terms exist, the terms "granted" or "perfected" shall not be given

any effect hereunder or under any other Loan Document).

(i)In connection with any action being taken in connection with a Limited

Condition Transaction, except for anyLoan or Issuance in respect of the Initial RevolvingCredit

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Facility, for purposes of determining compliance with any provision of this Agreement or any

otherLoanDocumentwhichrequiresthatnoDefault,EventofDefaultorspecifiedEventof

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Default, as applicable, has occurred, is continuing or would result from any such action, as

applicable, such condition shall, at the option of the Borrower, be deemed satisfied, so long as no

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Default, Event of Default or specified Event of Default, as applicable, exists on the date the

definitive agreements for such Limited Condition Transaction are entered into.For the

avoidance of doubt, if the Borrower has exercised its option under the first sentence of this

*clause (i)*, and any Default or Event of Default occurs following the date the definitive

agreements for the applicable Limited Condition Transaction were entered into and prior to the

consummation of such Limited Condition Transaction, any such Default or Event of Default

shall be deemed to not have occurred or be continuing for purposes of determining whether any

action being taken in connection with such Limited Condition Transaction is permitted

hereunder.

(j)Unless otherwise specified herein, the baskets set forth in *Article VIII* of this

Agreement (or in any defined term used in *Article VIII*) shall be tested solely at the time of

consummation of the relevant transaction or action utilizing any of such baskets and, for the

avoidance of doubt, if any of such baskets are exceeded as a result of fluctuations to

Consolidated Total Assets <u>or EBITDA</u> for the most recently completed Financial Covenant

Period after the last time such baskets were calculated for any purpose under *Article VIII*, such

baskets will not be deemed to have been exceeded as a result of such fluctuations.If any

Indebtedness or Liens securing Indebtedness are incurred to refinance Indebtedness or Liens

securing Indebtedness, in each case, initially incurred in reliance on a basket measured by

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reference to a percentage of Consolidated Total Assets at the time of incurrence <u>or a percentage</u>

<u>of EBITDA for the most recently completed Financial Covenant Period prior to such incurrence,</u>

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<u>as applicable</u>, and such refinancing would cause the percentage of Consolidated Total Assets <u>or</u>

<u>EBITDA</u>restriction to be exceeded if calculated based on the Consolidated Total Assets on the

date of such refinancing <u>or EBITDA for the most recently completed Financial Covenant Period</u>

<u>prior to such refinancing, respectively</u>, such percentage of Consolidated Total Assets <u>or</u>

<u>EBITDA, as applicable,</u>restriction shall not be deemed to be exceeded so long as the principal

amount of such Indebtedness or Indebtedness secured by such Liens, as applicable, does not

exceed the principal amount of such Indebtedness or Indebtedness secured by such Liens, as

applicable, being refinanced, plus an amount equal to premiums, defeasance costs and fees and

expenses in connection therewith.

(k)Any reference herein to financial statements of the Borrower being available

will also refer to those financial statements of a Parent Entity whose financial statements satisfy

the Borrower's reporting obligations under *Section 6.1*.

(l)Any reference herein or in any other Loan Document to (i) a transfer,

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 (collectively, a "*<u>Division</u>*"), as if it were a transfer, assignment, sale or transfer, or

similar term, as applicable, to a separate Person, and (<u>ii</u>) a merger, consolidation, amalgamation

or consolidation, or similar term, shall be deemed to apply to the 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 or

consolidation or similar term, as applicable, with a separate Person. Any Division of a limited

liability company, corporation or partnership shall be deemed to constitute the formation of a

separate Person, and such new Person shall be deemed to have been organized on the first date of

its existence by the holders of its Stock at such time.

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***Section 1.5Loan Document Definitions****.*The parties hereto agree that, unless

otherwise defined or stated therein, capitalized terms used in each Loan Document shall have the

meanings ascribed to such terms in this Agreement (as may be amended, restated, supplemented

or otherwise modified from time to time).

**ARTICLE II**

**THE FACILITIES**

***Section 2.1TheInitialCommitments***.

(a)*Initial Revolving Credit Commitments*.On the terms and subject to the

conditions contained in this Agreement, each Initial Revolving Credit Lender severally and not

jointly agrees to make loans to Borrower in Dollars (each an "*<u>Initial Revolving Loan</u>*"), in each

case in accordance with such Revolving Credit Lender's Initial Revolving Credit Commitment,

fromtimetotimeonanyBusinessDayduringtheperiodfromtheClosingDateuntilthedaythat

is one Business Day prior to the Revolving Credit Termination Date in an aggregate principal

amount at any time outstanding for all such loans by such Revolving Credit Lender not to exceed

such Initial Revolving Credit Lender's Revolving Credit Commitment; *provided* that at no time

shall any Revolving Credit Lender be obligated to make an Initial Revolving Loan which would

exceed such Lender's Ratable Portion of the Available Credit. Within the limits of each Lender's

Initial Revolving Credit Commitment, amounts of Revolving Loans repaid may be reborrowed

under this *Section 2.1*.

(b)*Initial Term Loan Commitments*.On the ClosingDate, on the terms and

subject to the conditions contained in this Agreement, each Initial Term Loan Lender severally

andnotjointlyagreestomakeaterm loaninDollarstoBorrowerinanamountnottoexceed

suchLender'sInitialTermLoanCommitmentwhichInitialTermLoanshallbeavailableto

BorrowerpursuanttosuchLender'sRatablePortionoftheInitialTerm LoanCommitments.

Amounts of Initial Term Loans repaid or prepaid may not be reborrowed.The undrawn amount

of the Initial Term Loan Commitment following the borrowing of the Initial Term Loans on the

Closing Date, if any, shall be automatically cancelled and terminated.

***Section 2.2Borrowing Procedures***.

(a)*Revolving Credit Borrowings*.Each Revolving Credit Borrowing shall be

made on notice given by Borrower to the Administrative Agent not later than (i) 1:00 P.M. (New

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York time) on the Business Day at the proposed Revolving Credit Borrowing, in the case of a

Borrowing of Base Rate Loans and (<u>ii</u>)1:00 P.M. New York time, three U.S .Government

Securities Business Days (or, with respect to the Closing Date, such shorter period as may be

agreed by the Administrative Agent), in the case of a Borrowing of Term SOFR Rate Loan and

DailySimpleSOFRRate Loans.Each such notice shall be in substantially the form of *Exhibit C*

(a "*<u>Notice of Borrowing</u>*"), specifying (<u>A</u>) the date of such proposed Revolving Credit

Borrowing,(<u>B</u>) theaggregateamountofsuchproposedRevolvingCreditBorrowing,

(<u>C</u>) whether any portion thereof will be of Base Rate Loans , Daily Simple SOFR Rate Loans or

Term SOFR Rate Loans and (<u>D</u>) the initial Interest Period or Interest Periods for any such Term

SOFRRateLoans.AnyNoticeofBorrowingdeliveredinconnectionwiththefundingofthe

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Facilities on the Closing Date may be revoked by Borrower subject to *Section 2.14(e)* hereof.

TheRevolvingLoansshallbemadeasBaseRateLoansunless,subjectto*Section2.14*,the

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Notice of Borrowing specifies that all or a portion thereof shall be Daily Simple SOFR Rate or

TermSOFRRate Loans.EachRevolvingCredit Borrowingshall be in anaggregateamount that

is not less than $1,000,000.

(b)*Term Loan Borrowings*.All Borrowings of Term Loans shall be made upon

receipt of a Notice of Borrowing given by Borrower to the Administrative Agent not later than

1:00p.m. (New York Time) (i) one Business Day prior to the Closing Date, in the case of Initial

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Term Loans, in the case of a Borrowing of Base Rate Loans and (<u>ii</u>) three U.S. Government

Securities Business Days (or such shorter period as may be agreed by the Administrative Agent)

prior to the Closing Date, in the case of Initial TermLoans, in the case of a Borrowing of Term

SOFR Rate Loans.The Notice of Borrowing shall specify (<u>A</u>) the Closing Date, (<u>B</u>) the

aggregate amount of such proposed Borrowings, (<u>C</u>) whether any portion thereof will be made as

Base Rate Loans or TermSOFRRate Loans and (<u>D</u>) the initial Interest Period or Interest Periods

for any such Term SOFR Rate Loans.Any Notice of Borrowing delivered in connection with the

funding of the Facilities on the Closing Date may be revoked by Borrower subject to *Section*

*2.14(e)* hereof.TermLoans shall be made as Base Rate Loans unless (subject to *Section 2.14*)

the Notice of Borrowing specifies that all or a portion thereof shall be Term SOFR Rate Loans.

(c)The Administrative Agent shall give to each applicable Lender prompt notice

of the Administrative Agent's receipt of a Notice of Borrowing and, if Daily SimpleSOFR Rate

Loans or Term SOFR Rate Loans are properly requested in such Notice of Borrowing, the

applicable interest rate determined pursuant to *Section 2.14(a)*.Each Lendershall,before12:00

P.M.(NewYorktime)onthedateoftheproposedBorrowing,makeavailable to the

Administrative Agent at its address referred to in *Section 11.9*, in immediately available funds,

such Lender's Ratable Portion of such proposed Borrowing.After the Administrative Agent's

receipt of such funds and upon fulfillment of the conditions set forth in *Section 3.1* and *Section*

*3.2*, as applicable, the Administrative Agent will promptly make such funds available to

Borrower and in any event within one Business Day thereafter.

(d)Unless the Administrative Agent shall have received notice from a Lender

prior to the date of any proposed Borrowing with respect to which such Lender holds a

Commitment that such Lender shall not make available to the Administrative Agent such

Lender's Ratable Portion of such Borrowing, the Administrative Agent may assume that such

Lender has made such Ratable Portion available to the Administrative Agent on the date of such

Borrowing in accordance with this *Section 2.2* and the Administrative Agent may, in reliance

upon such assumption, make available to Borrower on such date a correspondingamount.If and

to the extent that such Lender shall not have so made such Ratable Portion available to the

Administrative Agent within three Business Days of the date of such Borrowing, such Lender

and Borrower severally agree to repay to the Administrative Agent forthwith on demand such

corresponding amount together with interest thereon, for each day from the date such amount is

madeavailabletoBorroweruntilthedatesuchamountisrepaidtotheAdministrativeAgent,at

(i) in the case of Borrower, the interest rate applicable at the time to the Loans comprising such

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Borrowing and (<u>ii</u>) in the case of such Lender, the Federal Funds Rate for the first Business Day

and thereafter at the interest rate applicable at the time to the Loans comprising such Borrowing.

If such Lender shall repay to the Administrative Agent such corresponding amount, such

corresponding amount so repaid shall constitute such Lender's Loan as part of such Borrowing

for purposes of this Agreement.If Borrower shall repay to the Administrative Agent such

corresponding amount, such payment shall not relieve such Lender of anyobligation it mayhave

hereunder to Borrower.

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(e)The occurrence of any Revolving Credit Lender becoming a Defaulting

Lender shall not relieve any other Revolving Credit Lender of its obligations to make such Loan

or payment on such date but no such other Revolving Credit Lender shall be responsible for the

failure of any Defaulting Lender to make a Loan or a payment required under this Agreement.

***Section 2.3[Reserved]***.

***Section 2.4Lettersof Credit***.

(a)Subject to the terms and conditions set forth herein, each Issuer agrees to

Issue and amend (including, without limitation, to increase or decrease the stated amount of each

Letter of Credit) at the request and for the account of Borrower, or (so long as the Borrower is

solelyliablehereunderwithrespecttoanyReimbursementObligationsrelatingtoanysuch

Letter of Credit, which liability may, at the request of the Borrower, be evidenced by a Letter of

Credit Reimbursement Agreement as described in *Section 2.4(e)* below) any of the Borrower's

Restricted Subsidiariesorany Related Corporation one or more Letters of Credit from time to

time on any Business Day during the period commencing on the Closing Date and ending on the

earlier of the Revolving Credit Termination Date and 5 days prior to the Scheduled Termination

Date;*provided*thatintheeventofany inconsistency betweenthetermsand conditions of this

AgreementandtheothertermsandconditionsofanyLetterofCreditRequestsubmittedby

BorroweroranyLetterofCredit,thetermsandconditionsofthisAgreementshallcontrol.

Notwithstandingtheforegoing,noIssuershallbeunderany obligationto,andwithrespectto

*clause(iv)*belownoIssuershall,IssueanyLetterofCreditupontheoccurrenceofanyofthe

following:

(i)anyorder,judgmentordecreeofanyGovernmentalAuthorityor

arbitrator shall purport by its terms to enjoin or restrain such Issuer from Issuing such

Letter of Credit or any Requirement of Law applicable to such Issuer or any request or

directive(whetherornothavingtheforceoflaw)fromanyGovernmentalAuthoritywith

jurisdiction over such Issuer shall prohibit, or request that such Issuer refrain from, the

Issuance of letters of credit generally or such Letter of Credit in particular or shall

impose upon such Issuer with respect to such Letter of Credit any restriction or reserve

or capital requirement (for which such Issuer is not otherwise compensated) not in effect

on the Closing Date or result in any unreimbursed loss, cost or expense that was not

applicable, in effect or known to such Issuer as of the Closing Date and that such Issuer

in good faith deems material to it;

(ii)such Issuer shall have received written notice from the

Administrative Agent or Borrower, on or prior to the requested date of Issuance of such

Letter of Credit, that one or more of the applicable conditions contained in (<u>A</u>) for

Letters of Credit issued on or prior to the Closing Date, *Section 3.1* and (<u>B</u>) for Letters of

Credit issued after the Closing Date, *Section 3.2* or *Section 3.4*, in each case, are not then

satisfied;

(iii)after giving effect to the Issuance of any such Letter of Credit the

Revolving Credit Outstandings would exceed the Revolving Credit Commitments in

effect at such time;

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(iv)after giving effect to the Issuance of such Letter of Credit, the sum

of (i) the Letter of Credit Undrawn Amounts at such time and (<u>ii</u>) the Reimbursement

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Obligations at such time would exceed $100,000,000<u>90,000,000</u>; or

(v)after giving effect to the Issuance of such Letter of Credit, the sum of

(i) the Letter of Credit Undrawn Amounts at such time and (<u>ii</u>) theReimbursement

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Obligations, in each case with respect to Letters of Credit Issued by such Issuer, at such

time would exceed such Issuer's Letter of Credit Allocation; and

(vi)anyfeesdueinconnectionwitharequestedIssuancehavenot

been paid.

None of the Revolving Credit Lenders (other than the Issuers in their capacity as such) shall have

any obligation to Issue any Letter of Credit.

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<u>Notwithstanding anything to the contrary in this Agreement, from and after the Third</u>

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<u>Amendment Effective Date, no Letter of Credit may be Issued unless, on or prior to the date of</u>

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<u>such Issuance, an amount equal to 103% of such Letter of Credit has been deposited in a Cash</u>

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<u>Collateral Account or such other account as may be agreed by the Borrower and the applicable</u>

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<u>Issuer, in each case, on terms satisfactory to the applicable Issuer.</u>

(b)In no event shall the expiration date of any Letter of Credit (i) be more than

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one year after the date of issuance thereof or such longer term as acceptable to theapplicable

Issuer or (<u>ii</u>) be less than five days prior to the Scheduled Termination Date except to the extent

that an amount equal to 103% of such Letter of Credit has been deposited in a Cash Collateral

Account or a back-up letter of credit has been issued, in either case on terms satisfactory to the

applicable Issuer; *provided* that anyLetter of Credit with a termof one year or longer may

provide for the renewal thereof for additional one-year periods (which shall in no event extend

beyond the expiry date referred to in *clause (ii)* above) or such longer periods as is acceptable the

applicable Issuer.

(c)In connection with the Issuance of each Letter of Credit under the Revolving

Credit Facility, Borrower shall give the relevant Issuer and the Administrative Agentat least two

Business Days' prior written notice in substantially the form of *Exhibit E* (or in such other written

or electronic form as is acceptable to the Issuer), of the requested Issuance of such Letter of

Credit (a "*<u>Letter of Credit Request</u>*").Such notice shall be irrevocable and shall specify the Issuer

of such Letter of Credit, the stated amount of the Letter of Credit requested, which stated amount

shall not be less than $100,000, the date of Issuance of such requested Letter of Credit, the date

on which such Letter of Credit is to expire (which date shall be a Business Day), and, in the case

of an issuance, the Person for whose benefit the requested Letter of Credit is tobe Issued and the

Person for whose account the requested Letter of Credit is being issued.Such notice, to be

effective, must be received by the relevant Issuer and the Administrative Agent not later than

1:00 P.M. (New York time) on the second Business Day prior to the requested Issuance of such

Letter of Credit.

(d)Subject to the satisfaction of the conditions set forth in this *Section 2.4*, the

relevant Issuer shall, on the requested date, Issue a Letter of Credit on behalf of Borrower, a

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Restricted Subsidiary or Related Corporation, as applicable and subject to the liability

requirementsdescribedin*Section2.4(a)*above,inaccordancewithsuchIssuer'susualand

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customary business practices.No Issuer shall Issue any Letter of Credit in the period

commencing on the first Business Day after it receives written notice from the Administrative

Agent that one or more of the conditions precedent contained in *Section 3.2* shall not on such

date be satisfied, and ending when such conditions are satisfied.The relevant Issuer shall not

otherwise be required to determine that, or take notice whether, the conditions precedent set forth

in *Section 3.2* have been satisfied in connection with the Issuance of any Letter of Credit.

(e)If requested by the relevant Issuer, prior to the issuance of each Letter of

Credit by such Issuer, and as a condition of such Issuance and of the participation of each

applicable Revolving Credit Lender in the Letter of Credit Obligations arising with respect

thereto, Borrower shall have delivered to such Issuer a letter of credit reimbursement agreement,

in such form as the Issuer may employ in its ordinary course of business for its own account (a

"*<u>Letter of Credit Reimbursement Agreement</u>*"), signed by Borrower, and such other documents or

items as may be required pursuant to the terms thereof.In the event of any conflict between the

terms of any Letter of Credit Reimbursement Agreement and this Agreement, the terms of this

Agreement shall govern.

(f)Each Issuer shall:

(i)give the Administrative Agent written notice (or telephonic notice

confirmed promptly thereafter in writing, which writing may be a facsimile or electronic

mail) of the Issuance of a Letter of Credit Issued by it, of all drawings under a Letter of

Credit Issued by it and the payment (or the failure to pay when due) by Borrower of any

Reimbursement Obligation when due (which notice the Administrative Agent shall

promptly transmit by facsimile, electronic mail or similar transmission to each Revolving

Credit Lender);

(ii)upon the request of any Revolving Credit Lender, furnish tosuch

Revolving Credit Lender copies of any Letter of Credit Reimbursement Agreement to

which such Issuer is a party and such other documentation as may reasonably be

requested by such Revolving Credit Lender; and

(iii)no later than ten Business Days following the last day of each

calendarmonth,providetotheAdministrativeAgent(andtheAdministrativeAgentshall

provide a copy to each Revolving Credit Lender requesting the same) and Borrower

separate schedules for documentary and standby Letters of Credit Issued by it, in form

and substance reasonably satisfactory to the Administrative Agent, setting forth the

Letter of Credit Obligations outstanding at the end of each month and any information

requested by Borrower or the Administrative Agent relating thereto.

(g)Immediately upon the Issuance by an Issuer of a Letter of Credit in

accordance with the terms and conditions of this Agreement, such Issuer shall be deemed to have

sold and transferred to each Revolving Credit Lender and each such Revolving Credit Lender

shall be deemed irrevocably and unconditionally to have purchased and received from such

Issuer, without recourse or warranty, an undivided interest and participation, to the extent of such

Revolving Credit Lender's Ratable Portion of the Revolving Credit Commitments in such Letter

of Credit and the obligations of Borrower with respect thereto (including all Letter of Credit

Obligations with respect thereto) and any security therefor and guaranty pertaining thereto (in

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each case to the extent not exceeding such Revolving Credit Lender's Revolving Credit

Commitment).

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(h)Borrower agrees to pay to the Issuer of any Letter of Credit the amountof all

Reimbursement Obligations owing to such Issuer under any Letter of Credit issued for its account

or the account of any of its Restricted Subsidiaries or Related Corporations no later than the date

(the "*<u>Reimbursement Date</u>*") that is the next succeeding Business Day after Borrowerreceives

written notice from such Issuer that payment has been made under such Letter of Credit,

irrespectiveofanyclaim,set-off,defenseorotherrightthatBorrowermayhaveatanytime

against such Issuer or any other Person; *provided* that any such Reimbursement Obligations may

be paid from the proceeds of Revolving Loans pursuant to *Section 2.13(g)*; *provided* further that

if after giving effect to any payment under any Letter of Credit, the amount of Available Credit is

lessthantheamountofsuchReimbursementObligationowedbyBorrower,Borrowermay

borrow Revolving Loans for the purpose of paying such Reimbursement Obligation owing by it

to the extent that after giving effect to such borrowing and reimbursement, the sum of Revolving

CreditOutstandingsdoesnotexceedtheaggregateamount of Revolving Credit Commitments.

IntheeventthatanyIssuermakesanypaymentunderanyLetterofCreditandBorrowershallnot

have repaid such amount to such Issuer pursuant to this *clause (h)* or such payment is rescinded

or set aside for any reason such Issuer shall promptly notify the Administrative Agent, that shall

promptly notify each Revolving Credit Lender of such failure, and each Revolving Credit Lender

shallpromptlyandunconditionallypaytotheAdministrativeAgentfortheaccountofsuch

IssuertheamountofsuchRevolvingCreditLender'sRatablePortionofsuchpaymentin

immediatelyavailablefunds.IftheAdministrativeAgentsonotifiessuchRevolvingCredit

Lenderpriorto12:00 P.M.(NewYorktime)onanyBusinessDay,suchRevolvingCredit

LendershallmakeavailabletotheAdministrativeAgentfortheaccountofsuchIssuerits

Ratable Portion of the amount of such payment on such Business Day in immediately available

funds.Upon such payment by a Revolving Credit Lender, such Revolving Credit Lender shall,

except during the continuance of an Event of Default under *Section 9.1(f)* and notwithstanding

whethertheconditionsprecedentsetforthin*Section3.2*shallhavebeensatisfied(which

conditionsprecedenttheapplicableRevolvingCreditLendersherebyirrevocablywaive),be

deemed to have made a Revolving Loan to Borrower in the principal amount of such payment.

Whenever any Issuer receives from Borrower a payment of a Reimbursement Obligation as to

which the Administrative Agent has received for the account of such Issuer any payment from a

Revolving Credit Lender pursuant to this *clause (h)*, such Issuer shall pay to the Administrative

AgentandtheAdministrativeAgentshallpromptlypaytoeachapplicableRevolvingCredit

Lender,inimmediatelyavailablefunds,anamountequaltosuchRevolvingCreditLender's

Ratable Portion of the amount of such payment adjusted, if necessary, to reflect the respective

amounts the Revolving Credit Lenders have paid in respect of such Reimbursement Obligation.

(i)Borrower's obligation to pay each Reimbursement Obligation owing by it

and the obligations of the applicable Revolving Credit Lenders to make payments to the

Administrative Agent for the account of the applicable Issuer with respect to Letters of Credit

Issued by it shall be absolute, unconditional and irrevocable, and shall be performed strictly in

accordance with the terms of this Agreement, under any and all circumstances whatsoever,

including the occurrence of any Default or Event of Default, and irrespective of any of the

following:

(i)any lack of validity or enforceability of any Letter of Credit or any

Loan Document, or any term or provision therein;

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(ii)anyamendmentorwaiveroforanyconsenttodeparturefromall or

any of the provisions of any Letter of Credit or any Loan Document;

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(iii)the existence of any claim, set off, defense or other right that

Borrower, any other partyguaranteeing, or otherwise obligated with, Borrower or anyof

its Subsidiaries, or any other Person may at any time have against the beneficiary under

any Letter of Credit, any Issuer, the Administrative Agent or any Lender or any other

Person, whether in connection with this Agreement, any other Loan Document or any

other related or unrelated agreement or transaction;

(iv)any draft or other document presented under a 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;

(v)payment by the Issuer under a Letter of Credit against presentation

of a draft or other document that does not comply with the terms of such Letter of Credit;

and

(vi)any other act or omission to act or delay of any kind of the Issuer,

the Lenders, the Administrative Agent or any other Person or any other event or

circumstance whatsoever, whether or not similar to any of the foregoing, that might, but

for the provisions of this *Section 2.4*, constitute a legal or equitable discharge of

Borrower's obligations hereunder.

Any action taken or omitted to be taken by the relevant Issuer under or in connection with any

Letter of Credit, if taken or omitted in the absence of gross negligence, bad faith or willful

misconduct(ineachcase,asdeterminedbyacourtofcompetentjurisdictioninafinaland

non-appealable judgment), shall not put such Issuer under any resulting liability to Borrower or

any Revolving Credit Lender.In determining whether drafts and other documents presented

under a Letter of Credit comply with the terms thereof, the 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, in making anypayment under any Letter of Credit

the Issuer may rely exclusively on the documents presented to it under such Letter of Credit as to

any and all matters set forth therein, including reliance on the amount of any draft presented

under such Letter of Credit, whether or not the amount due to the beneficiary thereunder equals

the amount of such draft and whether or not any document presented pursuant to such Letter of

Credit proves to be insufficient in any respect, if such document on its face appears to be in

order, and whether or not any other statement or any other document presented pursuant to such

Letter of Credit proves to be forged or invalid or any statement therein proves to be inaccurate or

untrue in any respect whatsoever and any noncompliance in any immaterial respect of the

documents presented under such Letter of Credit with the terms thereof shall, in each case, be

deemed not to constitute willful misconduct or gross negligence of the Issuer.

(j)IfandtotheextentsuchRevolvingCreditLendershallnothavesomade its

Ratable Portion of the amount of the payment required by *clause (h)* above available to the

Administrative Agent for the account of such Issuer, such RevolvingCredit Lender agrees to pay

to the Administrative Agent for the account of such Issuer forthwith on demand such amount

together with interest thereon, for the first Business Day after payment was first due at the

Federal Funds Rate, and thereafter until such amount is repaid to the Administrative Agent for

the account of such Issuer, at the rate *per annum* applicable to Base Rate Loans under the

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Revolving Credit Facility.The failure of any Revolving Credit Lender to make available to the

AdministrativeAgentfortheaccountofsuchIssueritsRatablePortionofanysuchpayment

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shall not relieve anyother RevolvingCredit Lender of its obligation hereunder tomake available

to the Administrative Agent for the account of such Issuer its Ratable Portion of anypayment on

the date suchpayment is to bemade, but noRevolvingCredit Lender shall be responsible for the

failure of any other Revolving Credit Lender to make available to the Administrative Agent for

the account of the Issuer such other Revolving Credit Lender's Ratable Portion of any such

payment.

(k)If any Issuer shall fail to comply with the terms of this *Section 2.4*, then the

Administrative Agent may, in its reasonable discretion, terminate such Person's role as Issuer

hereunder upon ten Business Days prior written notice to such Issuer and Borrower; *provided*

that, at all times there shall be at least one Issuer.

(l)All Existing Letters of Credit shall be deemed to have been issued pursuant

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hereto, and from and after the Closing<u>Third Amendment Effective</u>Date shall be subject to and

governed by the terms and conditions hereof.

***Section 2.5ReductionandTerminationoftheRevolvingCreditCommitments****.* 

Borrowermay,uponatleastthreeBusinessDays'priornoticetotheAdministrativeAgent,

terminateinwholeorreduceinpartratablytheunusedportionsoftherespectiveRevolving

CreditCommitmentsoftheRevolvingCreditLendersundertheRevolvingCreditFacility;

*provided* that each partial reduction shall be in an aggregate amount equal to $1,000,000.Any

reduction of the aggregate Revolving Credit Commitments pursuant to this *Section 2.5* shall be

applied to the Revolving Credit Commitments of each Revolving Credit Lender in accordance

with each such Lender's Ratable Portion of such reduction.

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***Section 2.6Repayment of Loans***.

(a)Borrower promises to repay the entire unpaid principal amount of the Initial

RevolvingLoans owingbyit on the Scheduled Termination Date (it beingunderstood that other

provisions of this Agreement may require all or part of such Obligations to be repaid earlier).

(b)Borrower shall repayany Incremental Facilityowingbyit in accordance

with the terms set forth in the applicable Incremental Amendment.

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(c)The Borrower promises to repay the Term Loans (A) <u>prior to the Third</u>

<u>Amendment Effective Date,</u> (i) on the first Business Day following the end of each Fiscal

Quarter of Borrower, commencing with the first full Fiscal Quarter ending after a Qualifying

Threshold IPO and for each Fiscal Quarter of Borrower thereafter ending prior to the third

anniversary of such Fiscal Quarter, in each case in an amount equal to 1.25% of the original

principal amount of the Initial Term Loans made on the Closing Date and (ii) on the first

Business Day following the end of each Fiscal Quarter of Borrower thereafter, an amount equal

to 2.50% of the original principal amount of the Initial Term Loans made on the Closing Date (in

each case, as such payments may be reduced from time to time as a result of the application of

prepayments pursuant to *Section 2.8* and *Section 2.9* or increased as a result of any increase in

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the amount of the Initial Term Loans pursuant to *Section 2.21(a)*) and,(B<u>) from and after the</u>

<u>Third Amendment Effective date, on December 31, 2026, in an amount equal to 50.0% of the</u>

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<u>remainder of the principal amount of the Initial Term</u><u>Loans outstanding on such date and (C</u>) on

the Term Loan Maturity Date, the remainder of the principal amount of the Initial Term Loans

outstanding on such date.

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(d)Borrower shall repay any Incremental Term Facility in accordance with the

terms set forth in the applicable Incremental Amendment.

***Section 2.7Evidence of Debt***.

(a)Each Lender shall maintain in accordance with its usual practice an account

or accounts evidencing Indebtedness of Borrower to such Lender resulting from each Loan of

such Lender from time to time, including the amounts of principal and interest payable and paid

to such Lender from time to time under this Agreement.In addition, each Lenderhaving sold a

participation in any of its Obligations or having identified a Special PurposeVehicle as such to

the Administrative Agent, acting as non-fiduciary agent of Borrower solely for this purpose and

for tax purposes, shall establish and maintain at its address referred to in *Section*

*11.9* a record of ownership in which such Lender shall register by book entry (i) the name and

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address of each such Participant and Special Purpose Vehicle (and each change thereto, whether

by assignment or otherwise) and (<u>ii</u>) the rights, interests or obligation of each such Participant or

Special Purpose Vehicle in any Obligation, in any Revolving Credit Commitment and in any

right to receive payment hereunder;*provided* that no Lender shall have any obligation to disclose

all or any portion of any such record of ownership (including the identity of any Participant or

Special Purpose Vehicle or any information relating to the interests in any Obligation, Revolving

Credit Commitment or other right to receive payment hereunder) to any Person except to the

extent that such disclosure is necessary (i) to establish that such Obligation, Revolving Credit

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Commitment or other right is in registered form under Section 5f.103-1(c) of the U.S. Treasury

Regulations or (<u>ii</u>) for the Borrower to enforce its rights hereunder.

(b)The Administrative Agent shall maintain a record of ownership (the

"*<u>Register</u>*") in which it shall record (i) the amount of each Loan made and, if a Term SOFR Rate

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Loan, the Interest Period applicable thereto, (<u>ii</u>) the amount of any principal or interest due and

payable by Borrower to each Lender hereunder, (<u>iii</u>) the amount of any sum received by the

Administrative Agent hereunder from Borrower, whether such sum constitutes principal or

interest (and the Type of Loan to which it applies), fees, expenses or other amounts due under the

LoanDocumentsandeachLender'ssharethereof,ifapplicableand(<u>iv</u>) theinformation

specified in *Section 11.2(d).*

(c)The entries made in the accounts and in the Register maintainedpursuant to

*clauses (a)* and *(b)* above shall, to the extent permitted by applicable law, be *prima facie* evidence

of the existence and amounts of the obligations recorded therein; *provided* that the failure of any

Lender or the Administrative Agent to maintain such accounts or any error therein shall not in

any manner affect the obligations of Borrower to repay the Loans in accordance with their terms.

(d)Notwithstanding any other provision of the Agreement, in the event that any

Lender requests that Borrower execute and deliver a promissory note or notes payable to such

Lender in order to evidence the Indebtedness owing to such Lender by Borrower hereunder,

Borrower shall promptly execute and deliver a Note or Notes to such Lender evidencing any

TermLoans and RevolvingLoans, as the case maybe, of such Lender, substantiallyin the forms

of *Exhibit B-1* or *Exhibit B-2*, respectively.

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***Section 2.8Optional Prepayments***.

(a)*RevolvingLoans*.Borrowermay,uponatleastoneBusinessDay'sprior

notice to the Administrative Agent, stating the proposed date, aggregate principal amount of the

prepayment and the Tranche(s) of Revolving Loans to be prepaid, prepay the outstanding

principal amount of its Revolving Loans in whole or in part; *provided* that if any prepayment of

any (i) Term SOFR Rate Loan is made by Borrower other than on the last day of an Interest

Period for such Loan or (ii) Daily Simple SOFR Rate Loan is made by Borrower other than on

the Interest Payment Date therefor, Borrower shall, in each case, also pay any amounts owing

pursuant to *Section 2.14(e)*; *provided*, *further*, that each partial prepayment shall be in an

aggregate principal amount not less than $1,000,000.If any such notice of prepayment is given

and not revoked, the principal amount of Revolving Loans specified to be prepaid shall become

due and payable on the date specified for such prepayment.

(b)*Term Loans.*Borrower may, upon (i) at least three Business Days' prior

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noticeinthecaseofTerm SOFR Rate Loans or (<u>ii</u>) at least one Business Day's prior notice in

the case of Base Rate Loans, in each case, to the Administrative Agent stating the proposed date,

aggregateprincipalamountoftheprepaymentand(subjecttothefollowingsentence)the

Tranche(s)ofTermLoanstobeprepaid,prepay theoutstanding principalamountofitsTerm

Loans, in whole or in part, together with accrued interest to the date of such prepayment on the

principal amount prepaid;*provided* that if any prepayment of anyTermSOFRRate Loan is made

by Borrower other than on the last day of an Interest Period for such Loan, Borrower shall also

payanyamountsowingpursuantto*Section2.14(e)*;*provided*,*further*,thateachpartial

prepaymentshallbeinanaggregateamountnotlessthan$1,000,000.Anysuchpartial

prepaymentshallbeallocated*prorata*amongtheInitialTermLoans,theIncrementalTerm

Loans, the Extended Term Loans and the Specified Refinancing Term Loans (in each case, to the

extent ranking pari passu in right of payment and security with the Initial Term Loans) and shall

be applied within each such Tranche of Term Loans to the respective installments of principal

thereof in the manner directed by Borrower (or, if no such direction is given, in direct order of

maturity); *provided* that at the request of Borrower, in lieu of such application on a *pro rata* basis

among all such Tranches of Term Loans, such prepayment may be applied to any such Tranche

of Term Loans so long as the maturity date of such Tranche of Term Loans precedes the maturity

date of each other Tranche of Term Loans then outstanding or, in the event more than one such

Tranche of Term Loans shall have an identical maturity date that precedes the maturity date of

eachothersuchTrancheofTerm Loans then outstanding, to such Tranches ona*pro rata* basis.

Ifanysuchnoticeofprepaymentisgivenandnotrevoked,theprincipalamountoftheTerm

Loansspecifiedtobeprepaidshallbecomedueandpayableonthedatespecifiedforsuch

prepayment.Notwithstandinganyotherprovisionofthis*Section2.8*,aLendermay,atits

option, and if agreed by Borrower, in connection with any prepayment of Term Loans pursuant

to this *clause (b)*, exchange such Lender's portion of the Term Loan to be prepaid for Rollover

Indebtedness, in lieu of such Lender's *pro rata* portion of such prepayment (and any such Term

Loans so exchanged shall be deemed repaid for all purposes under the Loan Documents).

(c)*Discounted Term Loan Prepayments*.Notwithstanding anything in any Loan

Document to the contrary, Borrower may prepay the outstanding Term Loans (<u>x</u>) through open

market purchases (other than with the proceeds of any Revolving Loans) or (<u>y</u>) so long as no

Default or Event of Default has occurred and is continuing or would result therefrom on the

following basis:

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(i)Borrowershallhavetherighttomakeavoluntaryprepaymentof

Term Loans at a discount to par (such prepayment, the "*<u>Discounted Term Loan</u>*

*<u>Prepayment</u>*") pursuant to a Borrower Offer of Specified Discount Prepayment,

Borrower Solicitation of Discount Range Prepayment Offers or Borrower Solicitation of

Discounted Prepayment Offers, in each case made in accordance with this*Section 2.8(c)*;

*provided* that (<u>A</u>) immediately before and immediately after giving effect to any

DiscountedTermLoanPrepaymentbyBorrower,thereshallbenotlessthan

$30,000,000 of Liquidity, (<u>B</u>) in no event shall any proceeds from Revolving Loans be

used to finance any Discount Range Prepayment Offer and (<u>C</u>) Borrower shall not

initiate any action under this *clause (c)* in order to make a Discounted Term Loan

Prepayment unless (<u>1</u>) at least ten Business Days shall have passed since the

consummation of the most recent Discounted Term Loan Prepayment as a result of a

prepaymentmadebyBorrowerontheapplicableDiscountedPrepaymentEffectiveDate,

or (<u>2</u>) at least three Business Days shall have passed since the date Borrower was

notified that no Term Loan Lender was willing to accept any prepayment of any Term

Loan at the Specified Discount, within the Discount Range or at any discount to par

value, as applicable, or in the case of Borrower Solicitation of Discounted Prepayment

Offers, the date of Borrower's election not to accept any Solicited Discounted

Prepayment Offers made by a Term Loan Lender.Any Term Loans prepaid pursuant to

this *Section 2.8(c)* shall be immediately and automatically permanently cancelled.

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(ii)(A)Subjecttotheprovisoto*Section2.8(c)(i)*above, Borrower

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may from time to time offer to make a Discounted Term Loan Prepayment by providing

the Administrative Agent with three Business Days' notice in the form of a Specified

Discount Prepayment Notice; *provided* that (<u>1</u>) any such offer shall be made available to

each Term Loan Lender or, at the option of Borrower, to each Term Loan Lender with

respect to any Tranche on an individual Tranche basis; *provided* that if Borrower makes

an offer to prepay any later maturing Tranche of Term Loans, it shall make a

simultaneous offer to prepay a pro rata share of each earlier maturing Tranche(s) of Term

Loans, (<u>2</u>) any such offer shall specify the aggregate Term Loan Outstanding Amount

offered to be prepaid (the "*<u>Specified Discount Prepayment Amount</u>*"), the Tranches of

Term Loans subject to such offer and the specific percentage discount to par value (the

"*<u>Specified Discount</u>*") of the Term Loan Outstanding Amount of such Loans to be

prepaid, (<u>3</u>) the Specified Discount Prepayment Amount shall be in an aggregate amount

not less than $1,000,000 and whole increments of $500,000, and (<u>4</u>) each such offer shall

remain outstanding through the Specified Discount Prepayment ResponseDate (subject

to *Section 2.8(c)(x)* below).The Administrative Agent will promptly provide each

relevant Term Loan Lender with a copy of such Specified Discount Prepayment Notice

and a form of the Specified Discount Prepayment Response to be completed and returned

by each such Term Loan Lender to the Administrative Agent (or its delegate) by no later

than 5:00 p.m., New York time, on the seventh Business Day after the date of delivery of

such notice to the relevant Term Loan Lenders (the"*<u>Specified Discount Prepayment</u>*

*<u>Response Date</u>*").

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(B<u>A</u>)Each relevant Term Loan Lender receiving such offer

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shall notify the Administrative Agent (or its delegate) by delivery of a Specified

DiscountPrepaymentResponsenolaterthantheSpecifiedDiscountPrepayment

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Response Date whether or not it agrees to accept a prepayment of any of its

relevantthenoutstandingTermLoansattheSpecifiedDiscountand,ifso(such

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accepting Lender, a "*<u>Discount Prepayment Accepting Lender</u>*"), the amount of

such Term Loan Lender's Term Loan Outstanding Amount and Tranches of

Term Loans to be prepaid at such offered discount.Each acceptance of a

DiscountedTermLoanPrepaymentbyaDiscountPrepaymentAcceptingLender

shall be irrevocable.Any Term Loan Lender whose Specified Discount

Prepayment Response is not received by the Administrative Agent by the

Specified Discount Prepayment Response Date shall be deemed to have declined

to accept such Borrower Offer of Specified Discount Prepayment.

(C<u>B</u>)If there is at least one Discount Prepayment Accepting

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Lender, Borrower shall make a prepayment of outstanding Term Loans pursuant

to this *Section 2.8(c)(ii)* to each Discount Prepayment Accepting Lender in

accordance with the respective Term Loan Outstanding Amount and Tranches of

Term Loans specified in such Term Loan Lender's Specified Discount

Prepayment Response given pursuant to the foregoing *clause (B)*; *provided* that,

if the aggregate Term Loan Outstanding Amount of Term Loans accepted for

prepayment by all Discount Prepayment Accepting Lenders exceeds the

Specified Discount Prepayment Amount, such prepayment shall be made on a

*pro rata* basis among the Discount Prepayment Accepting Lenders in accordance

with the respective Term Loan Outstanding Amounts accepted to be prepaid by

each such Discount Prepayment Accepting Lender and the Administrative Agent

(in consultation with Borrower and subject to rounding requirements of the

Administrative Agent made in its reasonable discretion) will calculate such

proration (the "*<u>Specified Discount Proration</u>*").The Administrative Agent shall

promptly, and in any case within five Business Days following the Specified

Discount Prepayment Response Date, notify (<u>1</u>) Borrower of the respective Term

Loan Lenders' responses to such offer, the Discounted Prepayment Effective

Date,andtheaggregateTermLoanOutstandingAmountoftheDiscountedTerm

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Loan Prepayment and the Tranches to be prepaid, (<u>2</u>) each Term Loan Lender of

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the Discounted Prepayment Effective Date, and the aggregate Term Loan

Outstanding Amount and the Tranches of all Term Loans to be prepaid at the

Specified Discount on such date, and (<u>3</u>) each Discount Prepayment Accepting

Lender of the Specified Discount Proration, if any, and confirmation of the Term

Loan Outstanding Amount, Tranche and Type of Loans of such Term Loan

Lender to be prepaid at the Specified Discount on such date.Each determination

by the Administrative Agent of the amounts stated in the foregoing notices to

Borrower and Lenders shall be conclusive and binding for all purposes absent

manifest error.The payment amount specified in such notice to Borrower shall

be due and payable by Borrower on the Discounted Prepayment Effective Date

in accordance with *Section 2.8(c)(vi)* below (subject to *Section 2.8(c)(x)* below).

(iii)(A)Subjecttotheprovisoto*Section2.8(c)(i)*above, Borrower

may from time to time solicit Discount Range Prepayment Offers by providing the

Administrative Agent with three Business Days' notice in the form of a Discount Range

Prepayment Notice; *provided* that (<u>1</u>) any such solicitation shall be extended or, at the

option of Borrower, to each Term Loan Lender or to each Term Loan Lender with

respect to any Tranche on an individual Tranche basis; *provided* that if Borrower makes

such a solicitation to any later maturing Tranche of Term Loans, it shall make a

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simultaneous solicitation for a pro rata share of each earlier maturing Tranche(s) of Term

Loans, (<u>2</u>) any such notice shall specify the maximumaggregate TermLoan Outstanding

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Amount of the relevant Term Loans Borrower is willing to prepay at a discount (the

"*<u>Discount Range Prepayment Amount</u>*"), the Tranches of Term Loans subject to such

offer and the maximum and minimum percentage discounts to par (the "*<u>Discount</u>*

*<u>Range</u>*") of the Term Loan Outstanding Amount of such Term Loans willing to be

prepaid by Borrower, (<u>3</u>) the Discount Range Prepayment Amount shall be in an

aggregateamountnotlessthan$1,000,000andwholeincrementsof$500,000,and

(<u>4</u>) each such solicitation by Borrower shall remain outstanding through the Discount

Range Prepayment Response Date (subject to *Section 2.8(c)(x)* below).The

Administrative Agent will promptly provide each relevant Term Loan Lender with a

copy of such Discount Range Prepayment Notice and a form of the Discount Range

Prepayment Offer to be submitted by a responding relevant Term Loan Lender to the

Administrative Agent (or its delegate) by no later than 5:00 p.m., New York time, on the

seventh Business Day after the date of delivery of such notice to the relevant Term Loan

Lenders (the "*<u>Discount Range Prepayment Response Date</u>*").Each relevant Term Loan

Lender's Discount Range Prepayment Offer shall be irrevocable and shall specify a

discount to par within the Discount Range (the "*<u>Submitted Discount</u>*") at which such

Term Loan Lender is willing to allow prepayment of any or all of its then outstanding

Term Loans and the maximum aggregate Term Loan Outstanding Amount and Tranches

of such Term Loans such Term Loan Lender is willing to have prepaid at the Submitted

Discount (the "*<u>Submitted Amount</u>*").Any Term Loan Lender whose Discount Range

Prepayment Offer is not received by the Administrative Agent by the Discount Range

Prepayment Response Date shall be deemed to have declined to accept a Discounted

TermLoan Prepayment of any of its Term Loans at any discount to their par value within

the Discount Range.

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(B<u>A</u>)The Administrative Agent shall review all Discount

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Range Prepayment Offers received by it by the Discount Range Prepayment

Response Date and will determine (in consultation with Borrower and subject to

rounding requirements of the Administrative Agent made in its reasonable

discretion) the Applicable Discount and Term Loans to be prepaid at such

Applicable Discount in accordance with this*Section 2.8(c)(iii)*.Borrower agrees

to accept on the Discount Range Prepayment Response Date all Discount Range

Prepayment Offers received by Administrative Agent by the Discount Range

Prepayment Response Date, in the order from the Submitted Discount that is the

largest discount to par to the Submitted Discount that is the smallest discount to

par, up to and including the Submitted Discount that is the smallest discount to

par within the Discount Range (such Submitted Discount that is the smallest

discount to par being referred to as the "*<u>Applicable Discount</u>*") which yields a

Discounted Term Loan Prepayment in an aggregate Term Loan Outstanding

Amountequaltothelesserof(<u>1</u>)theDiscountRangePrepaymentAmountand

(<u>2</u>) thesumofallSubmittedAmounts.EachTermLoanLenderthathas

submitted a Discount Range Prepayment Offer to accept prepayment at a

discount to par that is larger than or equal to the Applicable Discount shall be

deemed to have irrevocably consented to prepayment of TermLoans equal to its

Submitted Amount (subject to any required proration pursuant to *Section*

*2.8(c)(iii)(C)* or by *Section 2.8(c)(xi)* below) at the Applicable Discount (each

such Term Loan Lender, a "*<u>Participating Lender</u>*").

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(C<u>B</u>)If there is at least one Participating Lender, Borrower

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shallmakeaprepaymentoftherespectiveoutstandingTermLoansofeach

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Participating Lender in the aggregate Term Loan Outstanding Amount and of the

Tranches specified in such Lender's Discount Range Prepayment Offer at the

Applicable Discount; *provided* that if the Submitted Amount by all Participating

Lenders offered at a discount to par greater than the Applicable Discount

exceeds the Discount Range Prepayment Amount, prepayment of the TermLoan

Outstanding Amount of the relevant Term Loans for those Participating Lenders

whose Submitted Discount is a discount to par greater than or equal to the

Applicable Discount (the "*<u>Identified Participating Lenders</u>*") shall be made on a

*pro rata* basis among the Identified Participating Lenders in accordance with the

Submitted Amount of each such Identified Participating Lender and the

Administrative Agent (in consultation with Borrower and subject to rounding

requirements of the Administrative Agent made in its reasonable discretion) will

calculate such proration (the "*<u>Discount Range Proration</u>*").The Administrative

Agent shall promptly, and in any case within five Business Days following the

Discount Range Prepayment Response Date, notify (<u>w</u>) Borrower of the

respective Term Loan Lenders' responses to such solicitation, the Discounted

Prepayment Effective Date, the Applicable Discount, and the aggregate Term

Loan Outstanding Amount of the Discounted Term Loan Prepayment and the

Tranches to be prepaid, (<u>x</u>) each Term Loan Lender of the Discounted

Prepayment Effective Date, the Applicable Discount, and the aggregate Term

Loan Outstanding Amount and Tranches of all Term Loans to be prepaid at the

Applicable Discount on such date, (<u>y</u>) each Participating Lender of the aggregate

Term Loan Outstanding Amount and Tranches and Type of Loans of such

Lender to be prepaid at the Applicable Discount on such date, and (<u>z</u>) if

applicable, each Identified Participating Lender of the Discount Range Proration.

Each determination by the Administrative Agent of the amounts stated in the

foregoing notices to Borrower and Lenders shall be conclusive and binding for

all purposes absent manifest error.The payment amount specified in such notice

to Borrower shall be due and payable by Borrower on the Discounted

Prepayment Effective Date in accordance with *Section 2.8(c)(vi)* (subject to

*Section 2.8(c)(x)* below).

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(iv)(A)Subjecttotheprovisoto*Section2.8(c)(i)*above, Borrower

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may from time to time solicit Solicited Discounted Prepayment Offers by providing the

Administrative Agent with three Business Days' notice in the form of a Solicited

Discounted Prepayment Notice; *provided* that (<u>1</u>) any such solicitation shall be extended

or, at the option of Borrower, to each TermLoan Lender or to each TermLoan Lender

with respect to any Tranche on an individual Tranche basis; *provided* that if Borrower

makes such a solicitation to any later maturing Tranche of Term Loans, it shall make a

simultaneous solicitation of a pro rata share of each earlier maturing Tranche(s) of Term

Loans, (<u>2</u>) any such notice shall specify the maximum aggregate Term Loan Outstanding

Amount of the Term Loans and the Tranches of Term Loans Borrower is willing to

prepay at a discount (the "*<u>Solicited Discounted Prepayment Amount</u>*"), (<u>3</u>) the Solicited

Discounted Prepayment Amount shall be in an aggregate amount not less than

$1,000,000 and whole increments of $500,000, and (<u>4</u>) each such solicitation by

Borrower shall remain outstanding through the Solicited Discounted Prepayment

Response Date (subject to *Section 2.8(c)(x)* below).The Administrative Agent will

promptly provide each relevant Term Loan Lender with a copy of such Solicited

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![floatingimage_645.jpg](floatingimage_645.jpg)

DiscountedPrepaymentNoticeandaformoftheSolicitedDiscountedPrepaymentOffer

tobesubmittedby aresponding Term LoanLendertotheAdministrativeAgent(orits

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delegate) by no later than 5:00p.m., New York time on the seventh Business Day after

the date of delivery of such notice to the relevant Term Loan Lenders (the "*<u>Solicited</u>*

*<u>Discounted Prepayment Response Date</u>*").Each Term Loan Lender's Solicited

Discounted Prepayment Offer shall (<u>x</u>) be irrevocable, (<u>y</u>) remain outstanding until the

Acceptance Date, and (<u>z</u>) specify both a discount to par (the "*<u>Offered Discount</u>*") at

which such Term Loan Lender is willing to allow prepayment of its then outstanding

Term Loans and the maximumaggregate Term Loan OutstandingAmount and Tranches

of such Term Loans (the "*<u>Offered Amount</u>*") such Term Loan Lender is willing to have

prepaid at the Offered Discount.Any Term Loan Lender whose Solicited Discounted

Prepayment Offer is not received by the Administrative Agent by the Solicited

Discounted Prepayment Response Date shall be deemed to have declined prepayment of

any of its Term Loans at any discount to their par value.

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(B<u>A</u>)The Administrative Agent shall promptly provide

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Borrower with a copy of all Solicited Discounted Prepayment Offers received by

it by the Solicited Discounted Prepayment Response Date.Borrower shall

review all such Solicited Discounted Prepayment Offers and select, at its sole

discretion, the smallest of the Offered Discounts specified by the relevant

responding Term Loan Lenders in the Solicited Discounted Prepayment Offers

that Borrower is willing to accept (the "*<u>Acceptable Discount</u>*"), if any; *provided*

that the Acceptable Discount shall not be an Offered Discount that is larger than

the smallest Offered Discount for which the sum of all Offered Amounts

affiliated with Offered Discounts that are larger than or equal to such smallest

Offered Discount would, if purchased at such smallest Offered Discount, yield

an amount at least equal to the Solicited Discounted Prepayment Amount.If

Borrower elects to accept any Offered Discount as the Acceptable Discount, then

as soon as practicable after the determination of the Acceptable Discount, but in

no event later than by the third Business Day after the date of receipt by

Borrower from the Administrative Agent of a copy of all Solicited Discounted

Prepayment Offers pursuant to the first sentence of this *clause (B)* (the

"*<u>Acceptance Date</u>*"), Borrower shall submit an Acceptance and Prepayment

Notice to the Administrative Agent setting forth the Acceptable Discount.If the

Administrative Agent shall fail to receive an Acceptance and Prepayment Notice

from Borrower by the Acceptance Date, Borrower shall be deemed to have

rejected all Solicited Discounted Prepayment Offers.

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(C<u>B</u>)Based upon the Acceptable Discount and the Solicited

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Discounted Prepayment Offers received by Administrative Agent by the

Solicited Discounted Prepayment Response Date, within five Business Days

after receipt of an Acceptance and Prepayment Notice (the "*<u>Discounted</u>*

*<u>Prepayment Determination Date</u>*"), the Administrative Agent will determine (in

consultation with Borrower and subject to rounding requirements of the

Administrative Agent made in its reasonable discretion) the aggregate Term

Loan Outstanding Amount and the Tranches of Term Loans (the "*<u>Acceptable</u>*

*<u>Prepayment Amount</u>*") to be prepaid by Borrower at the Acceptable Discount in

accordance with this *Section 2.8(c)*.If Borrower elects to accept any Acceptable

Discount, then Borrower agrees to accept all Solicited Discounted Prepayment

Offers received by Administrative Agent by the Solicited Discounted

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![floatingimage_645.jpg](floatingimage_645.jpg)

Prepayment Response Date, in the order from largest Offered Discount to

smallestOfferedDiscount,uptoandincludingtheAcceptableDiscount.Each

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Lender that has submitted a Solicited Discounted Prepayment Offer to accept

prepayment at an Offered Discount that is greater than or equal to the Acceptable

Discount shall be deemed to have irrevocably consented to prepayment of Term

Loans equal to its Offered Amount (subject to any required proration pursuant to

the following sentence) at the Acceptable Discount (each such Term Loan

Lender, a "*<u>Qualifying Lender</u>*").Borrower shall prepay outstanding Term Loans

pursuant to this *Section 2.8(c)(iv)* to each Qualifying Lender in the aggregate

Term Loan Outstanding Amount of the Tranches specified in such Lender's

Solicited Discounted Prepayment Offer at the Acceptable Discount; *provided*

that if the aggregate Offered Amount by all Qualifying Lenders whose Offered

Discount is greater than or equal to the Acceptable Discount exceeds the

Solicited Discounted Prepayment Amount, prepayment of the Term Loan

Outstanding Amount of the Term Loans for those Qualifying Lenders whose

Offered Discount is greater than or equal to the Acceptable Discount (the

"*<u>Identified Qualifying Lenders</u>*") shall be made on a *pro rata* basis among the

Identified Qualifying Lenders in accordance with the Offered Amount of each

such Identified Qualifying Lender and the Administrative Agent (in consultation

with Borrower and subject to rounding requirements of the Administrative Agent

made in its reasonable discretion) will calculate such proration (the "*<u>Solicited</u>*

*<u>Discount Proration</u>*").On or prior to the Discounted Prepayment Determination

Date, the Administrative Agent shall promptly notify (<u>w</u>) Borrower of the

Discounted Prepayment Effective Date and Acceptable Prepayment Amount

comprising the Discounted Term Loan Prepayment and the Tranches to be

prepaid, (<u>x</u>) each Term Loan Lender of the Discounted Prepayment Effective

Date, the Acceptable Discount, and the Acceptable Prepayment Amount of all

Term Loans and the Tranches to be prepaid at the Applicable Discount on such

date, (<u>y</u>) each Qualifying Lender of the aggregate Term Loan Outstanding

Amount and the Tranches and Type of Loans of such Term Loan Lender to be

prepaid at the Acceptable Discount on such date, and (<u>z</u>) if applicable, each

Identified Qualifying Lender of the Solicited Discount Proration.Each

determination by the Administrative Agent of the amounts stated in the

foregoing notices to Borrower and Lenders shall be conclusive and binding for

all purposes absent manifest error.The payment amount specified in such notice

to Borrower shall be due and payable by Borrower on the Discounted

Prepayment Effective Date in accordance with *Section 2.8(c)(vi)* below (subject

to *Section 2.8(c)(x)* below).

(v)In connection with any Discounted Term Loan Prepayment,

Borrower and the Lenders acknowledge and agree that the Administrative Agent may

require as a condition to any Discounted Term Loan Prepayment, the payment of

customary fees and expenses from Borrower in connection therewith.

(vi)IfanyTermLoanisprepaidinaccordancewith*Section2.8(c)(ii)*

through *(iv)* above, Borrower shall prepay such Term Loans on the Discounted

Prepayment Effective Date.Borrower shall make such prepayment to the Administrative

Agent, for the account of the Discount Prepayment Accepting Lenders, Participating

Lenders, or Qualifying Lenders, as applicable, at the Administrative Agent's Office in

immediately available funds not later than 2:00 P.M. (New York time) on the Discounted

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Prepayment Effective Date and all such prepayments shall be applied to the remaining

principalinstallmentsoftheTermLoansasdirectedbyBorrower.TermLoansso

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![floatingimage_645.jpg](floatingimage_645.jpg)

prepaid shall be accompanied by all accrued and unpaid interest on the par principal

amount so prepaid up to, but not including, the Discounted Prepayment Effective Date

(together with any amounts payable with respect to such prepayment pursuant to *Section*

*2.14(e))*.EachprepaymentoftheoutstandingTermLoanspursuanttothis*Section2.8(c)*

shall be paid to the Discount Prepayment Accepting Lenders, Participating Lenders, or

Qualifying Lenders, as applicable.The aggregate Term Loan Outstanding Amount of

the Tranches of the Term Loans outstanding shall be deemed reduced by the full par

value of the aggregate Term Loan Outstanding Amount of the Tranches of Term Loans

prepaid on the Discounted Prepayment Effective Date in any Discounted Term Loan

Prepayment.The Lenders hereby agree that, in connection with a prepayment of Term

Loans pursuant to this *Section 2.8(c)* and notwithstanding anything to the contrary

contained in this Agreement, (i) interest payments in respect of the Term Loans may be

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made on a non-<u>pro</u><u>rata</u> basis among the Lenders holding such Term Loans to reflect the

paymentofaccruedinteresttocertainLendersasprovidedinthis*Section2.8(c)(vi)*and

(<u>ii</u>)allsubsequentprepaymentsandrepaymentsoftheTermLoans(exceptasotherwise

contemplated by this Agreement) shall be made on a <u>pro rata</u> basis amongthe respective

Lenders based upon the then outstanding principal amounts of the TermLoans then held

by the respective Lenders after giving effect to any prepayment pursuant to this *Section*

*2.8(c)* as if made at par.It is also understood and agreed that prepayments pursuant to

this *Section 2.8(c)* shall not be subject to *Section 2.8(b)*, or, for the avoidance of doubt,

*Section 11.8(a)* or the <u>pro rata</u> allocation requirements of *Section 2.13(e)*.

(vii)To the extent not expressly provided for herein, each

Discounted Term Loan Prepayment shall be consummated pursuant to procedures

consistent, withthe provisions in this *Section 2.8(c)*, established by the Administrative

Agent acting in its reasonable discretion and as reasonably agreed by Borrower.

(viii)Notwithstanding anything in any Loan Document to the

contrary, for purposes of this *Section 2.8(c)*, each notice or other communication

required to be delivered or otherwise provided to the Administrative Agent (or its

delegate) shall be deemed to have been given upon Administrative Agent's (or its

delegate's) actual receipt during normal business hours of such notice or communication;

*provided* that any notice or communication actually received outside of normal business

hours shall be deemed to have been given as of the opening of business on the next

Business Day.

(ix)EachofBorrowerandtheLendersacknowledgesandagreesthat

Administrative Agent may perform any and all of its duties under this *Section 2.8(c)* by

itself or through any Affiliate of the Administrative Agent and expressly consents to any

such delegation of duties by the Administrative Agent to such Affiliate and the

performance of such delegated duties by such Affiliate.The exculpatory provisions in

this Agreement shall apply to each Affiliate of the Administrative Agent and its

respective activities in connection with any Discounted Term Loan Prepayment provided

for in this *Section 2.8(c)* as well as to activities of the Administrative Agent in

connection with any Discounted Term Loan Prepayment provided for in this *Section*

*2.8(c)*.

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(x)Borrower shall have the right, by written notice to the

Administrative Agent, to revoke in full (but not in part) its offer to make a Discounted

TermLoanPrepaymentandrescindtheapplicableSpecifiedDiscountPrepayment

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Notice, Discount Range Prepayment Notice or Solicited Discounted Prepayment Notice

therefor at its discretion at any time on or prior to the applicable Specified Discount

Prepayment Response Date, Discount Range Prepayment Response Date or Acceptance

Date, as the case may be (and if such offer is so revoked, any failure by Borrower to

make any prepayment to a Term Loan Lender, as applicable, pursuant to this *Section*

*2.8(c)* shall not constitute a Default or Event of Default under *Section 9.1* or otherwise).

(xi)This *Section 2.8(c)* shall not (i) require Borrower to undertake any

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prepayment pursuant to this *Section 2.8(c)* or (<u>ii</u>) limit or restrict Borrower from making

voluntary prepayments of the Term Loans in accordance with the other provisions of this

Agreement.

(d)Any notice of prepayment delivered under *Section 2.8(a)* or *2.8(b)*above or

any notice of termination or reduction pursuant to *Section 2.5* may state that such notice is

conditioned upon the occurrence or non-occurrence of any event specified therein (including the

effectiveness of credit facilities), in which case such notice may be revoked (or extended) by

Borrower (by written notice to the Administrative Agent on or prior to the specified effectiveness

date) if such condition is not satisfied or waived by the Borrower.

(e)[Reserved].

(f)Borrower shall not have anyright to prepay the principal amount of any

Revolving Loan or any Term Loan other than as provided in this *Section 2.8*.

(g)Notwithstandinganything to the contraryherein, this *Section 2.8* maybe

amended (and the Lenders hereby irrevocably authorize the Administrative Agent to enter into

any such amendments) to the extent necessary to reflect differing amounts payable, and priorities

of payments, to Lenders participating in any new classes or tranches of Term Loans added

pursuant to *Sections 2.21* and *2.22*, as applicable.

***Section 2.9MandatoryPrepayments***.

(a)Upon receipt by:

(i)Borrower or any of its Restricted Subsidiaries of Net Cash Proceeds

arising from a Disposition (other than a Disposition permitted under *Section 8.4(a)*

through*(g)*or*(i)*through*(l)*),Borrowershallpromptlypay(orcausetobepaid)to the

Administrative Agent, within fifteen days of receipt thereof, an aggregate amount equal

to 100% of such Net Cash Proceeds;

(ii)Borrower or any of its Restricted Subsidiaries of Net Cash Proceeds

arising from a Property Loss Event, Borrower shall promptly pay (or cause to be paid) to

the Administrative Agent, within fifteen days of receipt thereof, an aggregate amount

equal to 100% of such Net Cash Proceeds;

(iii)Borrower or any of its Restricted Subsidiaries of Net Cash Proceeds

arising from the incurrence of Indebtedness (<u>A</u>) other than Indebtedness permitted under

*Section 8.1* (other than *Section 8.1(a)(ii) or 8.1(b)*) or (<u>B</u>) pursuant to any Specified

Refinancing Facility, Borrower shall promptly pay (or cause to be paid) to

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![floatingimage_645.jpg](floatingimage_645.jpg)

![image_8.jpg](image_8.jpg)

![floatingimage_645.jpg](floatingimage_645.jpg)

the Administrative Agent within three Business Days of receipt thereof, an aggregate

amount equal to 100% of such Net Cash Proceeds; and

(iv)BorrowerofNetCashProceedsarisingfromaQualifyingTarget

Threshold IPO, Borrower shall promptly pay (or cause to be paid) to the Administrative

Agent, within five (5) Business Days of receipt thereof, an amount equal to the lesser of

(<u>x</u>) Net Cash Proceeds arisingfromthe QualifyingTarget ThresholdIPO and (<u>y</u>) 50% of

the original principal amount of the Initial Term Loans;

*provided* that (<u>A</u>) in the case of any Net Cash Proceeds arising from a Reinvestment

Event, relevant Net Cash Proceeds will not be paid to the Administrative Agent, but

Borrower shall prepay the Term Loans in accordance with *Section 2.9(c)* in an aggregate

amount equal to the Reinvestment Prepayment Amount applicable to such Reinvestment

Event, if any, on the Reinvestment Prepayment Date with respect to such Reinvestment

Event,(<u>B</u>) inthecaseofany such Net Cash Proceeds received by a Foreign Subsidiary

of Borrower such Net Cash Proceeds shall not be required to be applied to prepay the

Term Loans if, and to the extent, Borrower determines that either (i) such prepayments

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would result in material adverse tax consequences related to the repatriation of funds in

connection therewith or (<u>ii</u>) such prepayment would be prohibited or delayed by a

Requirement of Law, and (<u>C</u>) except during the continuance of an Event of Default under

*Sections 9.1(a)*, *9.1(b)*or *9.1(f)*, all Net Cash Proceeds received by Borrower or any of its

RestrictedSubsidiaries(<u>1</u>) fromDispositionswhichindividuallyyieldnotmorethan

$1,000,000 in Net Cash Proceeds and (<u>2</u>) from Dispositions (<u>x</u>) individually yielding

more than $1,000,000 and less than $2,500,000 of Net Cash Proceeds in a single

transaction and (<u>y</u>) collectively yielding up to $7,500,000 of Net Cash Proceeds from

such Dispositions in each Fiscal Year, shall be exempt from the provisions of this

*Section 2.9*.Any mandatory prepayment pursuant to this *clause (a)*, shall be applied to

the Obligations by the Administrative Agent in accordance with *clause (c)* below.

(b)Borrower shall prepay the Loans in accordance with *Section 2.9(c)* within

110 days following the last day of the immediately preceding Fiscal Year (commencing with the

Fiscal Year ending on or about December 31, 2022) (each, an "*<u>ECF Payment Date</u>*"), in an

amount equal to (i) 50% (as such percentage may be adjusted pursuant to the last proviso of this

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*clause (b)*) of Borrower's Excess Cash Flow for such Fiscal Year, *minus* (<u>ii</u>) the sum of (q) the

sum of any Investments made or maintained pursuant to *Section 8.3* and any Capital

Expenditures permitted hereunder, (r) the aggregate principal amount of Term Loans prepaid

pursuant to *Section 2.6(c)*, (<u>s</u>) the aggregate principal amount of Term Loans (to the extent

ranking pari passu in right of payment and security with the Initial Term Loans) prepaid pursuant

to *Section 2.8(b)* during such Fiscal Year (which, in any event, shall not include any designated

prepayment pursuant to *clause (t)* below), (t) the aggregate principal amount of Term Loans (to

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the extent ranking pari passu in right of payment and security with the Initial Term Loans)

prepaid pursuant to *Section 2.8(b)* during the period beginning with the day following the last

day of such Fiscal Year and ending on the ECF Payment Date and designated by Borrower as

prepaid pursuant to this *Section 2.9(b)*, (<u>u</u>) the aggregate principal amount of any Revolving

Loans prepaid to the extent accompanied by a corresponding permanent commitment reduction

under the Revolving Credit Facility during such Fiscal Year (which, in any event, shall not

include any designated prepayment pursuant to *clause (v)* below), (<u>v</u>) the aggregate principal

amount of Revolving Loans prepaid to the extent accompanied by a corresponding permanent

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commitment reduction under the Revolving Credit Facility during the period beginning with the

dayfollowingthelastdayofsuchFiscalYearandendingontheECFPaymentDateand

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designated by Borrower as prepaid pursuant to this *Section 2.9(b)*, (<u>w</u>) the aggregate principal

amount of Pari Passu Indebtedness (and if constituting revolving Indebtedness, to the extent

accompanied by a corresponding permanent commitment reduction thereunder) voluntarily

prepaid, repaid, repurchased or retired during such Fiscal Year (which, in any event, shall not

include any designated prepayment pursuant to *clause (x)* below), (<u>x</u>)the aggregate principal

amount of Pari Passu Indebtedness (and if constituting revolving Indebtedness, to the extent

accompanied by a corresponding permanent commitment reduction thereunder) voluntarily

prepaid, repaid, repurchased orretired during the period beginning with the day following the

last day of such Fiscal Year and ending on the ECF Payment Date and designated by Borrower as

prepaid pursuant to this *Section 2.9(b)*, (<u>y</u>) the aggregate principal amount of Term Loans prepaid

pursuant to *Section 2.8(c)* and excluding other open market purchases of Term Loans (*provided*

that such deduction for prepayments pursuant to *Section 2.8(c)* shall be limited to the actual cash

amount of such prepayment) during such Fiscal Year (which, in any event, shall not include any

designated prepayment pursuant to *clause (z)* below) and(<u>z</u>) the aggregate principal amount of

Term Loans prepaid pursuant to *Section 2.8(c)* and excluding other open market purchases of

Term Loans (*provided* that such deduction for prepayments pursuant to *Section 2.8(c)* shall be

limited to the actual cash amount of such prepayment) during the period beginning with the day

following the last day of such Fiscal Year and ending on the ECF Payment Date and designated

by Borrower as prepaid pursuant to this *Section 2.9(b)* in each case (other than *clause (r)* above),

excluding prepayments funded with proceeds from the incurrence of long-term Indebtedness;

*provided* that such percentage in *clause (i) above* shall be reduced to 0% if the Leverage Ratio as

of the last day of the immediately preceding Fiscal Year was less than or equal to 2.50 to 1.00.

(c)Subject to the last sentence of *Section 2.9(d)* and *Section 2.9(f)*, in the case of

any prepayments required under this *Section 2.9*, such prepayment (other than prepayments

pursuantto*Section2.9(a)(iii)(B)*) shall be allocated*prorata*amongtheInitialTerm Loans, the

Incremental Term Loans, the Extended Term Loans and the Specified Refinancing Term Loans

(in each case, to the extent ranking pari passu in right of payment and security with the Initial

Term Loans) and shall be applied within each such Tranche of Term Loans to the respective

installments of principal thereof in the manner directed by Borrower (or, if no such direction is

given, in direct order of maturity); *provided* that at the request of Borrower, in lieu of such

application on a *pro rata* basis among all such Tranches of Term Loans, such prepayment may be

applied to any such Tranche of Term Loans so long as the maturity date of such Tranche of Term

Loans precedes the maturity date of each other such Tranche of Term Loans then outstanding or,

in the event more than one such Tranche of Term Loans shall have an identical maturity date that

precedes the maturity date of each other such Tranche of Term Loans then outstanding, to such

Tranches on a *pro rata* basis.

(d)Notwithstanding anything contained herein to the contrary, so long asany

Term Loans are outstanding, in the event Borrower is required to make any mandatory

prepayment (a "*<u>Waivable Mandatory Prepayment</u>*") of the Term Loans pursuant to *Section 2.9(a)*

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or *Section 2.9(b)* above <u>or</u> *<u>Section 2.9(g)</u>* <u>below</u>, not less than ten Business Days prior to the date

(the "*<u>Required Prepayment Date</u>*") on which Borrower is required to make such Waivable

Mandatory Prepayment, Borrower shall notify Administrative Agent of the amount of such

prepayment, and Administrative Agent will promptly thereafter notify each Lender holding an

outstanding Term Loan of the amount of such Lender's ratable share of such Waivable

Mandatory Prepayment.The Borrower (in its sole discretion) may give each Lender the option

(in its sole discretion) to elect to decline any such Waivable Mandatory Prepayment.If the

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Borrower has provided the Lenders with the option to decline a Waivable Mandatory

Prepayment, each such Lender may, in its sole discretion, exercise such option by giving written

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notice to Borrower and Administrative Agent of its election to do so on or before the fifth

Business Dayprior to the Required Prepayment Date (it beingunderstood that anyLender which

does not notify Borrower and the Administrative Agent of its election to exercise such option on

or before the fifth Business Day prior to the Required Prepayment Date shall be deemed to have

elected, as of such date, not to exercise such option).On the Required Prepayment Date,

Borrower shall retain an amount equal to that portion of the Waivable Mandatory Prepayment

payable to those Lenders that have elected to exercise such option (the "*<u>Declined Amount</u>*").

(e)If at any time the Revolving Credit Outstandings exceed the aggregate

Revolving Credit Commitments at such time, Borrower shall forthwith prepay the outstanding

balances of its respective Revolving Loans then outstanding in an amount equal to such excess

on a *pro rata* basis.If any such excess remains after repayment in full of the aggregate

outstanding Revolving Loans, Borrower shall provide Cash Collateral for their Letter of Credit

Obligations in the manner set forth in *Section 9.4* in an amount equal to 105% of such excess.

(f)Notwithstandinganything to the contraryherein, this *Section 2.9* maybe

amended (and the Lenders hereby irrevocably authorize the Administrative Agent to enter into

any such amendments) to the extent necessary to reflect differing amounts payable, and priorities

of payments, to Lenders participating in any new classes or tranches of Term Loans added

pursuant to *Sections 2.21*, *2.22* and *2.24*, as applicable.

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(g)<u>If, as of any Letter of Credit Reduction Test Date, the Letter of Credit</u>

<u>Reduction Amount is greater than $0, the Borrower shall prepay the Term Loans in accordance</u>

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<u>with</u> *<u>Section 2.9(c)</u>* <u>within fifteen days following such Letter of Credit Reduction Test Date, in an</u>

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<u>amount equal to 100% of the Letter of Credit Reduction Amount as of such Letter of Credit</u>

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<u>Reduction Test Date.</u>

***Section 2.10Interest***.

(a)*Rate of Interest.*All Loans and the outstanding amount of all other

Obligations shall bear interest, in the case of Loans, on the unpaid principal amount thereof from

the date such Loans are made and, in the case of such other Obligations, from the date such other

Obligations are due and payable until, in all cases, paid in full, except as otherwise provided in

*clause (c)* below, as follows:

(i)ifaBaseRateLoan,atarate*perannum*equaltothesumof

(<u>A</u>)the Base Rate as ineffect from time to timeand (<u>B</u>) the Applicable Margin;

(ii)ifaTermSOFRRateLoan,atarate*perannum*equaltothesum of

(<u>A</u>) the Term SOFR Rate determined for the applicable Interest Period and (<u>B</u>) the

Applicable Margin in effect from time to time during such Interest Period;

(iii)if a DailySimple SOFR Rate Loan, at a rate *per annum*equal to the

sum of (<u>A</u>) the Daily Simple SOFR Rate and (<u>B</u>) the Applicable Margin; and

(iv)for all other Obligations, at a rate *per annum*equal to the sum of

(<u>A</u>)the Base Rate as ineffect from time to timeand (<u>B</u>) the Applicable Margin.

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(b)*Interest Payments*.Accrued interest on each Loan shall be payable in arrears

on each InterestPaymentDate for such Loan and, in the case of Revolving Loans, upon

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termination of the Commitments; <u>provided</u> that (i) interest accrued pursuant to paragraph (c) of

this Section shall be payable on demand, (ii) in the event of anyrepayment or prepayment of any

Loan, accrued interest on the principal amount repaid or prepaid shall be payable on the date of

such repayment or prepayment and (iii) in the event of any conversion of any Term SOFR Rate

Loan prior to the end of the current Interest Period therefor, accrued interest on such Loan shall

be payable on the effective date of such conversion.

(c)*Default Interest*.Notwithstanding the rates of interest specified in*clause*

*(a)* above or elsewhere herein, effective immediately upon the occurrence of an Event of Default

arising pursuant to *clauses (a)*, *(b)* or *(f)* of *Section 9.1* and for as long thereafter as such Event of

Default shall be continuing, interest shall accrue (i) on past due amounts of principal ata rate

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that is 2.0% *per annum* in excess of the rate of interest applicable to such Loans and (<u>ii</u>) on all

other past due Obligations at a rate equal to the rate applicable to Base Rate Loans plus 2.0% *per*

*annum*.

(d)*Limitation on Interest*.If any provision of this Agreement or of any of the

other Loan Documents would obligate Borrower or any other Loan Party to make any payment of

interest or other amount payable to any Lender in an amount or calculated at a rate which would

be prohibited by law then, notwithstanding such provisions, such amount or rate shall be deemed

to have been adjusted with retroactive effect to the maximum amount or rate of interest, as the

case may be, as would not be so prohibited by law, such adjustment to be effected, to the extent

necessary, by reducing the amount or rate of interest required to be paid to such Lender under this

*Section 2.10*.

***Section 2.11Conversion/Continuation Option***.

(a)Borrower may elect (i) at any time on any Business Day to convert its Base

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Rate Loans or any portion thereof to Daily Simple SOFR Rate Loans or Term SOFR Rate Loans,

(<u>ii</u>) at the end of any applicable Interest Period, to convert its Term SOFR Rate Loans or any

portion thereof into Base Rate Loans or to continue any Term SOFR Rate Loan or any portion

thereof for an additional Interest Period and (iii) on the Interest Payment Date therefor, to convert

its Daily Simple SOFR Rate Loans or any portion thereof into Base Rate Loans;*provided* that

the aggregate amount of Term SOFR Rate Loans for each Interest Period must bein the amount

that is not less than $1,000,000.Each conversion or continuation shall beallocated among the

Loans of each Lender in accordance with such Lender's Ratable Portion of the applicable

Facility.Each such election shall be in substantially the form of *Exhibit F* (a "*<u>Notice of</u>*

*<u>Conversion or Continuation</u>*") and shall be made by giving the Administrative Agentat least

three Business Days' prior written notice specifying (<u>A</u>) the amount, Tranche and Typeof Loan

being converted or continued, (<u>B</u>) in the case of a conversion to or a continuation ofTerm SOFR

Rate Loans, the applicable Interest Period and (<u>C</u>) in the case of a conversion, the date of

conversion.

(b)The Administrative Agent shall promptly notify each Lender of the

Administrative Agent's receipt of a Notice of Conversion or Continuation and of the options

selected therein.Notwithstanding the foregoing, (i) no conversion in whole or in part of Base

Rate Loans to Daily Simple SOFR Rate Loans or Term SOFR Rate Loans, (<u>ii</u>) no continuation in

whole or in part of TermSOFR Rate Loans upon the expiration of any applicable Interest Period

and (<u>iii</u>) no election of an Interest Period in excess of one month in respect of Term SOFR Rate

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Loans shall be permitted at any time at which (<u>A</u>) a Default or an Event of Default shall have

occurredandbecontinuing(unlesstheRequisiteLendersotherwiseconsent)or(<u>B</u>) the

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continuation of a TermSOFR Rate Loan, or conversion into, a Daily Simple SOFR Rate Loan or

Term SOFR Rate Loan would violate any provision of *Section 2.14*.If, within the time period

required under the terms of this *Section 2.11*, the Administrative Agent does not receive a Notice

of Conversion or Continuation from Borrower containing a permitted election to continue any

TermSOFR Rate Loans for an additional Interest Period or to convert any such Term SOFR Rate

Loans, then, upon the expiration of the applicable Interest Period, Term SOFR Rate Loans shall

be automatically converted to Base Rate Loans.Each Notice of Conversion or Continuation

shall be irrevocable.

***Section 2.12Fees***.

(a)*Unused Commitment Fees*.Borrower agrees to pay to theAdministrative

Agent for the account of each Revolving Credit Lender a commitment fee on the actual daily

amount during any calendar quarter by which the Revolving Credit Commitment of such Lender

in effect at such time exceeds such Lender's Ratable Portion of the sum of (i) the outstanding

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principal amount of the Revolving Loans *plus* (<u>ii</u>) the aggregate outstanding amount of the Letter

of Credit Obligations (the "*<u>Unused Commitment Fee</u>*") from the Closing Date until the Revolving

Credit Termination Date at the Applicable Unused Commitment Fee Rate, payable quarterly in

arrears (<u>x</u>) on the last Business Day of each of March, June, September and December,

commencingonthefirstsuchBusinessDayfollowingtheClosingDateand(<u>y</u>)onthe Revolving

Credit Termination Date.

(b)*Letter of Credit Fees*.Borrower agrees to pay the following amounts with

respect to Letters of Credit issued by any Issuer for the account of Borrower:

(i)to the Administrative Agent for the benefit of the Issuer of any

Letter of Credit, with respect to each Letter of Credit issued by such Issuer, an issuance

fee equal to 0.125% *per annum* of the maximum amount available from time to time to

be drawn under such Letter of Credit during any calendar quarter, payable quarterly in

arrears (<u>A</u>) on the last Business Day of each of March, June, September and December,

commencing on the first such Business Day following the issuance of such Letter of

Credit and (<u>B</u>) on the Revolving Credit Termination Date;

(ii)to the Administrative Agent for the ratable benefit of the Revolving

Credit Lenders, with respect to each Letter of Credit, a fee accruing at a rate *per annum*

equal to the Applicable Margin for Revolving Loans that are Daily Simple SOFR Rate

Loans or Term SOFR Rate Loans on the maximum amount available from time to time to

be drawn under such Letter of Credit, payable quarterly in arrears (<u>A</u>) on the last

Business Day of each of March, June, September and December, commencing on the first

such Business Day following the issuance of such Letter of Credit and (<u>B</u>) on the

Revolving Credit Termination Date; *provided* that during the continuance of an Event of

Default under *Sections 9.1(a)*, *(b)* or *(f)*, such fee shall be increased by 2.0% *per annum*

and shall be payable on demand; and

(iii)totheIssuerofanyLetterofCredit,withrespecttotheIssuance,

amendment or transfer of each Letter of Credit issued by such Issuer and each drawing

made thereunder, documentary and processing charges in accordance with such Issuer's

standard schedule for such charges in effect at the time of Issuance, amendment, transfer

or drawing, as the case may be.

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(c)*Defaulting Lender Fees*.Notwithstanding anything herein to the contrary,

during such period as a Lender is a Defaulting Lender, such Defaulting Lender will not be

entitled to any fees accruing during such period pursuant to *clauses (a)*and *(b)*above (without

prejudice to the rights of the Lenders other than Defaulting Lenders in respect of such fees);

*provided* that (i) to the extent that a Ratable Portion of the Letter of Credit Obligations of such

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Defaulting Lender is reallocated to the Non-Defaulting Lenders pursuant to *Section 2.20(a)*, such

fees that would have accrued pursuant to *clause (b)* for the benefit of such Defaulting Lender

will instead accrue for the benefit of and be payable to such Non-DefaultingLenders, *pro rata* in

accordance with their respective Commitments, and (<u>ii</u>) to the extent any portion of such Letter

of Credit Obligations cannot be so reallocated and Borrower has not provided Cash Collateral,

such fees pursuant to *clause (b)* will instead accrue for the benefit of and be payable to the Issuer

as their interests appear (and the *pro rata* payment provisions of *Section 2.13* will automatically

be deemed adjusted to reflect the provisions of this *Section 2.12(c)*).

(d)*Additional Fees*.Borrower has agreed to pay to the Administrative Agent

additional fees, the amount and dates of payment of which are embodied in the Fee Letter.

***Section 2.13Payments and Computations***.

(a)Borrower shall make each payment hereunder (including fees and expenses)

not later than 2:00 P.M. (New York time) on the day when due with respect to any Loan, to the

Administrative Agent at its address referred to in *Section 11.9* in immediately available funds

without set-off or counterclaim.The Administrative Agent shall promptly thereafter cause to be

distributed immediately available funds relating to the payment ofprincipal, interest or fees to

the Lenders, in accordance with the application of payments set forth in *clauses (e)* or *(f)* below,

as applicable, for the account of their respective Lending Offices; *provided* that amounts payable

pursuant to *Section 2.15*, *2.16* or *2.14(b)(ii)*, *(d)* or *(e)* shall be paid only to the affected Lender or

Lenders.Payments received by the Administrative Agentafter 2:00 P.M. (New York time) shall

be deemed to be received on the next Business Day.

(b)All computations of interest for Daily Simple SOFR Rate Loans, Term

SOFR Rate Loans and Base Rate Loans (other than any Base Rate Loans that bear interest based

on *clause (b)* of the definition of Base Rate) shall be made on the basis of a year of 360 days and

actual days elapsed (including the first day but excluding the last day).All other computations of

fees and interest shall be made on the basis of a year of 365 or 366 days, as the case may be, and

actual days elapsed (including the first day but excluding the last day).Each determination by

the Administrative Agent of an interest rate hereunder shall be *prima facie* evidence thereof.

(c)Whenever any payment hereunder shall be stated to be due on a dayother

than a Business Day, the due date for such payment shall be extended to the nextsucceeding

Business Day, and such extension of time shall in such case be included in the computation of

payment of interest or fees, as the case may be; *provided* that if such extension would cause

payment of interest on or principal of any Daily Simple SOFR Rate Loan or Term SOFR Rate

Loan to be made in the next calendar month, such payment shall be made on the immediately

preceding Business Day.All repayments of any Loans of a Borrower shall, unless otherwise

directed by Borrower, be applied as follows:first, to repay such Loans outstanding as BaseRate

Loansandthen,torepaysuchLoansoutstandingasDailySimpleSOFRRateLoansor Term

SOFR Rate Loans, with those Daily Simple SOFR Rate Loans or Term SOFR Rate Loans

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having earlier expiring Interest Payment Dates being repaid prior to those having later Interest

Payment Dates.

(d)Unless the Administrative Agent shall have received notice from Borrower

to the Lenders prior to the date on which any payment is due hereunder that Borrower will not

make such payment in full, the Administrative Agent may assume that Borrower has made such

payment in full to the Administrative Agent on such date and the Administrative Agent may, in

reliance upon such assumption, cause to be distributed to each applicable Lender on such due

date an amount equal to the amount then due such Lender.If and to the extent that Borrower

shall not have made such payment in full to the Administrative Agent, each applicable Lender

shall repay to the Administrative Agent forthwith on demand such amount distributed to such

Lender together with interest thereon at the Federal Funds Rate, for the first Business Day, and,

thereafter, at the rate applicable to Base Rate Loans, for each day from the date such amount is

distributed to such Lender until the date such Lender repays such amount to the Administrative

Agent.

(e)Subject to the provisions of *clauses (c)* above and *clauses (f)* and *(g)* below

(and except as otherwise provided in *Sections 2.8* and *2.9*), all payments and any other amounts

received by the Administrative Agent from or for the benefit of Borrower shall be applied as

follows:*first*, to pay principal of, and interest on, any portion of the Loans the Administrative

Agent may have advanced to Borrower pursuant to the express provisions of this Agreement on

behalf of any Lender, for which the Administrative Agent has not then been reimbursed by such

Lender or Borrower, *second*, to pay all other Obligations then due and payable in the following

manner:payments in respect of any Revolving Loan received by the Administrative Agent from

or for the benefit of Borrower shall be distributed to each Revolving Credit Lender in accordance

with such Lender's Ratable Portion of such Revolving Loan of Borrower; payments in respect of

any Tranche of Term Loans received by the Administrative Agent from or for the benefit of

Borrower shall be distributed to each Term Loan Lender in accordance with such Lender's

Ratable Portion of Term Loans of such Tranche; and allpayments of fees and all other payments

in respect of any other Obligation shall be allocated amongsuch of the Lenders and Issuers as are

entitled thereto and, for suchpayments allocated to the Lenders, in proportion to their respective

Ratable Portions of the applicable Facility; and *third*, as Borrower so designates.

(f)Borrower hereby irrevocably waives the right to direct the application of any

and all payments in respect of the Secured Obligations and any proceeds of Collateral after the

occurrence and during the continuance of an Event of Default and agrees that, if an Event of

Default exists, the Administrative Agent may, and, upon either (<u>A</u>) the written direction of the

Requisite Lenders or (<u>B</u>) the acceleration of the Obligations pursuant to *Section 9.2*, shall apply

all payments in respect of any Secured Obligations and all funds on deposit in any Cash

Collateral Account and all other proceeds of Collateral in the following order:

(i)*First*, to pay interest on and then principal of any portion of the

Revolving Loans that the Administrative Agent may have advanced on behalf of any

LenderforwhichtheAdministrativeAgenthasnotthenbeenreimbursedbysuchLender

or Borrower;

(ii)*Second*, to pay Secured Obligations in respect of any expense

reimbursements or indemnities then due to the Administrative Agent;

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(iii)*Third*, to pay Secured Obligations in respect of any expense

reimbursements (excluding Reimbursement Obligations) or indemnities then due to the

Lenders and the Issuers;

(iv)*Fourth*, to pay Secured Obligations in respect of any fees then due to

the Administrative Agent and the Issuers;

(v)*Fifth*, to pay interest then due and payable in respect of the Loans

and Reimbursement Obligations and fees then due to the Lenders;

(vi)*Sixth*, to pay or prepay principal amounts on the Loans and

Reimbursement Obligations, to provide Cash Collateral for outstanding Letter of Credit

Undrawn Amounts in the manner described in *Section 9.4* and to pay or prepay amounts

owing on Secured Obligations in respect of Hedging Contracts and Cash Management/

Letter of Credit Obligations, ratably to the aggregate principal amount ofall such Loans,

Reimbursement Obligations and Letter of Credit Undrawn Amounts and Secured

Obligations owing with respect to Hedging Contracts and Cash Management/Letter of

Credit Obligations; and

(vii)*Seventh*, to the ratable payment of all other Secured Obligations;

*provided* that if sufficient funds are not available to fund all payments to be made in respect of

any Secured Obligation described in any of *clauses first*, *second*, *third*, *fourth*, *fifth*, *sixth* and

*seventh* above, the available funds being applied with respect to any such Secured Obligation

(unless otherwise specified in such clause) shall be allocated to the payment of the Secured

Obligations specified in such clause ratably, based on the proportion of the Administrative

Agent's, each Lender's or Issuer's and each other Secured Party's interest in the aggregate

outstanding Secured Obligations described in such clauses.The order of priority set forth in

*clauses first*, *second*, *third*, *fourth*, *fifth*, *sixth* and *seventh* above may at any time and from time

to time be changed by the agreement of each Lender directly and adversely affected thereby

without necessity of notice to or consent of or approval by Borrower, any other Secured Party

that is not a Lender or Issuer or by any other Person that is not a Lender or Issuer.The order of

priority set forth in *clauses first*, *second*, *third* and *fourth* above may be changed only with the

prior written consent of the Administrative Agent and the Issuer in addition to each Lender

directly and adversely affected thereby.

(g)At the option of the Administrative Agent and upon notice to Borrower,

principal on the Reimbursement Obligations, interest, fees, expenses and other sums due and

payable in respect of the Loans may be paid from the proceeds of Revolving Loans made on

behalf of Borrower.Borrower hereby authorizes the Revolving Credit Lenders to make

Revolving Loans hereunder from time to time in the Revolving Credit Lender's discretion, that

are in the amounts of any and all interest, fees, expenses and other sums payable in respect of the

Revolving Loans, and further authorizes the Administrative Agent to give the Revolving Credit

Lenders notice of any Borrowing with respect to such Revolving Loans and to distribute the

proceeds of such Revolving Loans to pay such amounts.Borrower agrees that all such

RevolvingLoanssomadeonitsbehalfshallbedeemedtohavebeenrequestedbyit(irrespective

of the satisfaction of the conditions in *Section 3.2*, which conditions the applicable Revolving

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Credit Lenders irrevocably waive) and directs that all proceeds thereof shall be used to pay such

amounts.

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(h)If any Lender is a Defaulting Lender, such Defaulting Lender shall be

deemed to have assigned any and all payments in respect of the Obligations and any proceeds of

Collateral due to it from or for the benefit of Borrower to the Non-Defaulting Lenders for

applicationto,andreductionof,theirRatablePortionofallObligationsuntilsuch

Non-Defaulting Lenders have been repaid in full.Such Defaulting Lender hereby authorizes the

Administrative Agent to distribute such payments to the Non-Defaulting Lenders in accordance

with *Section 2.9(d)* and this *Section 2.13*.This *Section 2.13(h)* shall apply and be effective

regardless of whether an Event of Default has occurred and is the continuing and notwithstanding

(i) any other provision of this Agreement to the contrary or (<u>ii</u>) any instruction of Borrower as to

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its desired application of payments.

***Section 2.14SpecialProvisionsGoverningDailySimpleSOFRRateLoansand***

***Term SOFR Rate Loans***.

(a)*Determination of Interest Rate.*The (i) Term SOFR Rate for each Interest

Period for Term SOFR Rate Loans shall be determined by the Administrative Agent pursuant to

the procedures set forth in the definition of "*<u>Term SOFR Rate</u>*" and (ii) DailySimple SOFR Rate

for DailySimple SOFR Rate Loans shall be determined bythe AdministrativeAgent pursuant to

the procedures set forth in the definition of "*<u>Daily Simple SOFR Rate</u>*".The Administrative

Agent's determination shall be presumed to be *prima facie* evidence thereof.

(b)*Interest Rate Unascertainable*, *Inadequate or Unfair.*If (i) the

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Administrative Agent determines that adequate and fair means do not exist for ascertaining (i)

the Term SOFR Rate with respect to any Term SOFR Rate Loan for such Interest Period (the

"*<u>Affected Term SOFR Rate</u>*"), (ii) the Daily Simple SOFR Rate with respect to any DailySimple

SOFR Rate Loan (the "*<u>Affected Daily Simple SOFR Rate</u>*"),or (<u>ii</u>) the Requisite Lenders notify

the Administrative Agent that the DailySimple SOFR Rate, or TermSOFR Rate for any Interest

Period, will not adequately reflect the cost to the Lenders of making or maintainingsuch Loans,

the Administrative Agent shall forthwith so notify Borrower and the Lenders, whereupon:

(A)each (i) Term SOFR Rate Loan the rate of interest

applicable to which is based on the Affected Term SOFR Rate requested to be

made on the first day of such Interest Period shall be made as Base Rate Loans

and (ii) DailySimple SOFR Rate Loan the rate of interest applicable to which is

based on the Affected Daily Simple SOFR Rate shall be made as Base Rate

Loans; and

(B)the obligations of the Lenders to make Daily Simple SOFR

RateLoansorTermSOFRRateLoansortoconvertBaseRateLoansinto Daily

Simple SOFR Rate Loans or Term SOFR Rate Loans shall be suspended until

the Administrative Agent shall notify Borrower that the Requisite Lenders have

determined that the circumstances causing such suspension no longer exist.

In connection with the use, implementation or administration of Daily Simple SOFR Rate, Term

SOFR Rate or SOFR, the Administrative Agent will have the right to make the Benchmark

Replacement Conforming Changes from time to time with the consent of the Borrower and,

notwithstandinganythingtothecontraryhereinorinanyotherLoanDocument,anyamendments

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adopting or implementing such Benchmark Replacement Conforming Changes will become

effective without any further action or consent of any other party to this Agreement or any other

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Loan Document.The Administrative Agent will promptly notify the Borrower and the Lenders

of the effectiveness of any Benchmark Replacement Conforming Changes.

(c)*Increased Costs.*If either (i) the introduction of, or any change in or in the

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interpretation of, any law, treaty or governmental rule, regulation or order after the Closing Date

(other than any change by way of imposition or increase of reserve requirements included in

determining the Daily Simple SOFR Rate or Term SOFR Rate); *provided* that, notwithstanding

anything herein to the contrary (<u>x</u>) the Dodd-Frank Wall Street Reform and Consumer Protection

Act and all requests, rules, guidelines and directives thereunder or issued in connection therewith

and(<u>y</u>) allrequests,rules,guidelinesordirectivespromulgatedbytheBankforInternational

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

eachcasebedeemedtohavebeenenacted,adoptedorissued,asthecasemaybe,afterthe

Closing Date, regardless of the date actually enacted, adopted or issued, or (<u>ii</u>) the compliance by

suchLenderwithanyguideline,requestordirectivefromanycentralbankorother

Governmental Authority (whether or not having the force of law) issued after the Closing Date,

shallhavetheeffectofincreasingthecosttosuchLenderofagreeingtomakeormaking,

funding or maintaining any Daily Simple SOFR Rate Loans or Term SOFR Rate Loans (other

than,inrespectofpaymentstobemadetoanyLenderortheAdministrativeAgent,anysuch

increased costs resulting from taxes, levies, imposts, deductions, charges or withholdings, and all

liabilities with respect thereto, including any net income, capital, franchise, doing business and

branchprofitsTaxesandTaxesarisingunderFATCA,ineachcase,astowhich*Section2.16* 

shall govern), then Borrower shall from time to time, upon demand by such Lender (with a copy

of such demand to the Administrative Agent), pay to the Administrative Agent for the account of

such Lender additional amounts sufficient to compensate such Lender for such increased cost;

*provided* that notwithstanding anything herein to the contrary, this *Section 2.14(c)* will only be

availabletoLendersapplyingsuchprovisionsinamannerconsistentwiththeirtreatmentof

similarly situated borrowers.A certificate as to the amount of such increased cost, submitted to

Borrower and the Administrative Agent by such Lender, shall be *prima facie* evidence thereof.

BorrowershallnotberequiredtocompensateanyLenderpursuanttothis*clause(c)*forany

increasedcostsincurredmorethan180dayspriortothedatethatsuchLendernotifiesthe

Administrative Agent and Borrower of the events giving rise to such increased costs and of such

Lender's intention to claim compensation therefor; *provided* that if the events giving rise to such

increasedcostsareretroactive,thenthe180-day periodreferredtoaboveshallbeextendedto

include the period of retroactive effect thereof.

(d)*Illegality.*Notwithstanding any other provision of this Agreement, ifany

Lender determines that the introduction of, or any change in or in the interpretation of, any law,

treaty or governmental rule, regulation or order after the Closing Date shall make it unlawful, or

any central bank or other Governmental Authority shall assert that it is unlawful, for any Lender

to make Daily Simple SOFR Rate Loans or Term SOFR Rate Loans or to continue to fund or

maintain Daily Simple SOFR Rate Loans or Term SOFR Rate Loans, then, on notice thereof and

demand therefor by such Lender to Borrower through the Administrative Agent, the obligation of

such Lender to make or to continue Daily Simple SOFR Rate Loans or Term SOFR Rate Loans

and to convert Base Rate Loans into DailySimple SOFR Rate Loans or TermSOFR Rate Loans

shall be suspended, and each such Lender shall make a Base Rate Loan (determined without

reference to the Daily Simple SOFR Rate or Term SOFR Rate component thereof) aspart of any

requested Borrowing of Daily Simple SOFR Rate Loans or Term SOFR Rate Loans, and if the

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affected Daily Simple SOFR Rate Loans or Term SOFR Rate Loans are then outstanding,

BorrowershallimmediatelyconverteachsuchLoanintoaBaseRateLoan

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(determined without reference to the Daily Simple SOFR Rate or Term SOFR Rate component

thereof); and if at any time after a Lender gives notice under this *Section 2.14(d)*, such Lender

determines that it may lawfully make Daily Simple SOFR Rate Loans or Term SOFR Rate

Loans, such Lender shall promptly give notice of that determination to Borrower and the

Administrative Agent, and the Administrative Agent shall promptly transmit the notice to each

other Lender.Borrower's right to request, and such Lender's obligation, if any, to make Daily

Simple SOFR Rate Loans or Term SOFR Rate Loans shall thereupon be restored.

(e)*Breakage Costs.*In addition to all amounts required to be paid by Borrower

pursuant to *Section 2.10*, Borrower shall compensate each Lender, upon demand, forall losses,

expenses and liabilities (including any loss or expense incurred by reason of the liquidation or

reemployment of deposits or other funds acquired by such Lender to fund or maintain such

Lender's Daily Simple SOFR Rate Loans or Term SOFR Rate Loans to Borrower but excluding

any loss of the Applicable Margin on the relevant Loans) that such Lender may sustain (other

than resulting from the gross negligence or willful misconduct of such Lender, as determinedby

acourtofcompetentjurisdictioninafinalnon-appealablejudgmentororder)

(i) if for any reason a proposed Borrowing, conversion into Daily Simple SOFR Rate Loans or

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conversion into or continuation of Term SOFR Rate Loans does not occur on a date specified

therefor in a Notice of Borrowing or a Notice of Conversion or Continuation given by Borrower

or in a telephonic request by it for borrowing or conversion or continuation or a successive

Interest Period does not commence after notice therefor is given pursuant to *Section 2.11*, (<u>ii</u>) if

for any reason any Daily Simple SOFR Rate Loan or Term SOFR Rate Loan is prepaid

(including mandatorily pursuant to *Section 2.9*) on a date that is not the Interest Payment Date

therefor, (<u>iii</u>) as a consequence of a required conversion of a Daily Simple SOFR Rate Loan or

TermSOFRRateLoantoaBaseRateLoanasaresultofanyoftheeventsindicatedin

*clause (d)* above or (<u>iv</u>) as a consequence of any failure by Borrower to repay Daily Simple

SOFR Rate Loans or Term SOFR Rate Loans when required by the terms hereof.The Lender

makingdemand for such compensation shall deliver to Borrower concurrentlywith suchdemand

a written statement as to such losses, expenses and liabilities, and this statement shall be *prima*

*facie* evidence thereof.Borrower shall not be required to compensate any Lender pursuant to

this *clause (e)* for any increased costs incurred more than 180 days prior to the date that such

Lender notifies the Administrative Agent and Borrower of the events giving rise to such

increased costs and of such Lender's intention to claim compensation therefor; *provided* that if

the events giving rise to such increased costs are retroactive, then the 180-day period referred to

above shall be extended to include the period of retroactive effect thereof.

***Section 2.15Capital Adequacy****.*If at any time any Lender determines that (<u>a</u>) the

introduction of, or any change in or in the interpretation of, any law, treaty or governmental rule,

regulation or order after the Closing Date regarding capital adequacy or liquidity, (<u>b</u>) compliance

with any such law, treaty, rule, regulation or order issued after the Closing Date regarding capital

adequacy or liquidity or (<u>c</u>) compliance with any guideline or request or directive from any

central bank or other Governmental Authority (having the force of law) issued after the Closing

Date regarding capital adequacy or liquidity shall have the effect of reducing the rate of return on

such Lender's (or any corporation controlling such Lender's) capital as a consequence of its

obligations hereunder or under or in respect of any Letter of Credit to a level below that which

such Lender or such corporation could have achieved but for such adoption, change, compliance

or interpretation, then, upon demand from time to time by such Lender (with a copy of such

demand to the Administrative Agent), Borrower shall pay to the Administrative Agent for the

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account of such Lender, from time to time as specified by such Lender, additional amounts

sufficienttocompensatesuchLenderforsuchreduction.Acertificateastosuchamounts

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submitted to Borrower and the Administrative Agent by such Lender shall be *prima facie*

evidencethereof;*provided*that,notwithstandinganythinghereintothecontrary(<u>x</u>) the

Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, guidelines

and directives thereunder or issued in connection therewith and (<u>y</u>) 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 have

been enacted, adopted or issued, as the case may be, after the Closing Date, regardless of the date

actually enacted, adopted or issued.Borrower shall not be required to compensate any Lender

pursuantto this *Section 2.15* forany increased costs incurred more than 180 days prior to the

date that such Lender notifies the Administrative Agent and Borrower of the events giving rise to

such increased costs and of such Lender's intention to claim compensation therefor; *provided*

that if the events giving rise to such increased costs are retroactive, then the 180-day period

referred to above shall be extended to include the period of retroactive effect thereof.

***Section 2.16Taxes***.

(a)Except as provided below in this *Section 2.16* or as required by law (which

for purposes of this *Section 2.16* includes FATCA), any and all payments by any Loan Party

hereunder or under the other Loan Documents shall be made free and clear of and without

deduction or withholding for, or on account of, any Indemnified Taxes.If any Loan Party or the

Administrative Agent shall be required by law to withhold or deduct any Indemnified Taxes from

or in respect of any sum payable hereunder or under any other Loan Document to the

Administrative Agent, any Lender or any Issuer, (i) the sum payable by the applicable Loan Party

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shall be increased as may be necessary so that after making all required deductions or

withholdings on account of Indemnified Taxes (including deductions applicable to additional

sums payable under this *Section 2.16(a)*) the Administrative Agent, such Lender or such Issuer,

as the case may be, receives an amount equal to the sum it would have received had no such

deductions or withholdings of Indemnified Taxes been made, (<u>ii</u>) the applicable Loan Party or

Administrative Agent, as applicable shall make such deductions or withholdings, and (<u>iii</u>) the

applicable Loan Party or Administrative Agent, as applicable, shall pay the full amount of

Indemnified Taxes deducted to the relevant taxation authority or other authority in accordance

with applicable law.Notwithstanding anything to the contrary in this *Section 2.16*, (<u>x</u>) each Loan

Party or the Administrative Agent, as applicable, shall be entitled to deduct and withhold, (<u>y</u>)no

Loan Party shall be required to indemnify and (<u>z</u>) any amounts payable by any Loan Party to, or

for the account of, the Administrative Agent, any Issuer or any Lender shall not be increased, in

each case for or with respect to any Indemnified Taxes (<u>A</u>)to the extent such Taxes would not

have been imposed if the Administrative Agent, such Issuer or such Lender had complied with

the requirements of *clause (f)* and *clause (g)* or *clause (i)* of this *Section 2.16*, (<u>B</u>) imposed in

connection with the payment of any fees paid under this Agreement unless such Indemnified

Taxes are imposed as a result of a Change in Tax Law, or (<u>C</u>) imposed by the United States or

any state or political subdivision thereof, unless such Indemnified Taxes are imposed as a result

of a Change in Tax Law.

(b)Each Loan Party agrees to pay all Other Taxes.

(c)Without duplication of its obligation to pay increased amounts on account of

Indemnified Taxes and Other Taxes pursuant to *Section 2.16(a)* and *(b)*, (i) if any Loan Party

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fails to withhold and deduct any Indemnified Taxes from or in respect of any sums payable

hereunderorunderanyotherLoanDocumentorfailstopayanyIndemnifiedTaxes

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withheld by such Loan Party to the applicable taxing authority and such Indemnified Taxes are

paid bythe Administrative Agent, a Lender or an Issuer or (<u>ii</u>) if anyOther Taxes are paid bythe

Administrative Agent, a Lender or an Issuer, then the applicable Loan Party shall pay to the

Administrative Agent, such Lender or such Issuer, as applicable, an amount so that after making

all required deductions or withholdings on account of Indemnified Taxes (including deductions

applicable to additional sums payable under this *Section 2.16(c)*) the Administrative Agent, such

Lender or such Issuer, as applicable, shall receive an amount equal to such Indemnified Taxes or

Other Taxes, as applicable, paid by the Administrative Agent, such Lender or such Issuer, as

applicable.

(d)Within 30 days after the date of anypayment made by a Loan Party to a

Governmental Authority of Taxes or Other Taxes pursuant to *clauses (a)* and *(b)* above or to the

indemnity set forth in *clause (c)* above, the relevant Loan Party shall furnish to the

Administrative Agent, at its address referred to in *Section 11.9*, the original or a certified copyof

a receipt evidencing payment thereof or other evidence of payment thereof reasonably acceptable

to the Administrative Agent.

(e)Without prejudice to the survival of any other agreement of Borrower, each

Lender, each Issuer and the Administrative Agent hereunder, the agreements andobligations of

the Loan Parties, each Lender, each Issuer and the Administrative Agent contained in this *Section*

*2.16* and *Section 2.17* shall survive the termination of this Agreement and the payment in full of

the Secured Obligations.

(f)The Administrative Agent, each Issuer and each Lender, in each casethat is

a United States person, shall deliver to Borrower and the Administrative Agent on or prior to the

Closing Date or, in the case of an assignee or transferee of an interest under thisAgreement

pursuant to *Section 11.2* or otherwise, on or prior to the date of such assignment or transfer,two

accurateandcompleteoriginalsignedcopiesofInternalRevenueServiceForm W-9 (or

successor form), in each case certifying that the Administrative Agent, such Issuer or such

Lender, as applicable, is a United States person and to the Administrative Agent's, such Issuer's

or such Lender's entitlement as of such date to a complete exemption from U.S. federal backup

withholding Tax with respect to payments to be made under any Loan Document.The

Administrative Agent, each Issuer and each Lender, in each case that is not a United States

person shall:

(i)(A) on or before the date of any payment by Borrower under any

Loan Document to, or for the account of, such Lender or such Issuer, deliver to Borrower

and the Administrative Agent (1) two accurate and complete original signed Internal

Revenue Service Forms W-8BEN-E (certifying that it is a resident of the applicable

country within the meaning of the income tax treaty between the United States and that

country) or Forms W-8ECI, or successor applicable form, as the case may be, in each

case certifying that it is entitled to receive all payments under any Loan Document

without deduction or withholding of any U.S. federal income taxes, and (2) such other

forms, documentation or certifications, as the case may be, certifying that it is entitled to

an exemption from United States backup withholding tax with respect to payments under

any Loan Document; (B) deliver to the Borrower Representative and the Administrative

Agent two further accurate and complete original signed forms or certifications provided

in *clause (A)* of this *Section 2.16(f)(i)* on or before the date that any such form or

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certification expires or becomes obsolete and after the occurrence of any event requiring

a change in the most recent form or certificate previously delivered by it to the Borrower;

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(C) obtain such extensions of time for filing and completing such forms or certifications

as may reasonably be requested by the Borrower or the Administrative Agent and (D)

deliver, to the extent legally entitled to do so, upon reasonable request by the Borrower

or the Administrative Agent, to the Borrower Representative and the Administrative

Agent such other forms as may be reasonably required in order to establish the legal

entitlement of such Lender, such Issuer or the Administrative Agent to an exemption

from, or reduction of, withholding with respect to payments under this Agreement and

any Notes, provided that, in determining the reasonableness of a request under this

*clause (D)*, such Lender or such Issuer shall be entitled to consider the cost (to the extent

unreimbursed by any Loan Party) which would be imposed on such Lender or such

Issuer of complying with such request; or

(ii)if the Administrative Agent, such Issuer or such Lender is not a

"bank"withinthemeaningofSection881(c)(3)(A)oftheCodeandisrelyingonthe

so-called "portfolio interest exemption," (<u>A</u>) represent to Borrower and the

Administrative Agent that it is not (<u>1</u>) a bank within the meaning of Section 881(c)(3)(A)

of the Code, (<u>2</u>) a "10 percent shareholder" of Borrower within the meaning of Section

881(c)(3)(B) of the Code, or (<u>3</u>) a "controlled foreign corporation" described in Section

881(c)(3)(C) of the Code; (<u>B</u>) on or before the date of any payment by Borrower under

any Loan Document to, or for the account of, such Lender or such Issuer, deliver to

Borrower and the Administrative Agent, (<u>1</u>) two certificates substantially in the form of

*Exhibit K* hereto (any such certificate, a "*<u>U.S. Tax Compliance Certificate</u>*") and (<u>2</u>) two

accurate and complete original signed Internal Revenue Service Forms W-8BEN-E, or

successor applicable form, certifying to such Lender's legal entitlement at the date of

such form to an exemption from U.S. withholding tax under the provisions of Section

871(h) or Section 881(c) of the Code with respect to payments to be made under any

Loan Document and (<u>3</u>) such other forms, documentation or certifications, as the case

may be certifying that it is entitled to an exemption from United States backup

withholding tax with respect to payments under any Loan Document (and shall also

deliver to Borrower and the Administrative Agent two further accurate and complete

original signed forms or certificates on or before the date it expires or becomes obsolete

and after the occurrence of any event requiring a change in the most recently provided

form or certificate and, if necessary, obtain any extensions of time reasonably requested

by Borrower or the Administrative Agent for filing and completing such forms or

certificates); and (<u>C</u>) deliver, to the extent legally entitled to do so, upon reasonable

request by the Borrower or the Administrative Agent, to Borrower and the

Administrative Agent such other forms as may be reasonably required in order to

establish the legal entitlement of such Lender to an exemption from, or reduction of,

withholding with respect to payments under any Loan Document, provided that, in

determining the reasonableness of a request under this *clause (C)*, such Lender or such

Issuer shall be entitled to consider the cost (to the extent unreimbursed by Borrower)

which would be imposed on such Lender or such Issuer of complying with such request;

or

(iii)ifanyLender,anyIssuerortheAdministrativeAgentisa non-

U.S. intermediary or flow-through entity for U.S. federal income tax purposes,

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(A)onorbeforethedateofanypaymentbyBorrowerunder any

Loan Document to, or for the account of, such Lender, such Issuer or the

AdministrativeAgent,delivertoBorrowerandtheAdministrativeAgenttwo

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accurateandcompleteoriginalsignedInternalRevenueServiceFormsW-8IMY,

or successor applicable form, and, if any beneficiary or member of such Lender,

such Issuer or the Administrative Agent is claiming the so-called "portfolio

interest exemption", (x) represent to Borrower and the Administrative Agent that

such Lender, such Issuer or the Administrative Agent is not (I) a bank within the

meaning of Section 881(c)(3)(A) of the Code, (II) a "10 percent shareholder" of

Borrower within the meaning of Section 881(c)(3)(B) of the Code, or (III) a

"controlled foreign corporation" described in Section 881(c)(3)(C) of the Code,

and (y) also deliver to Borrower and the Administrative Agent two U.S. Tax

Compliance Certificates certifying to such Lender's, such Issuer's or the

Administrative Agent's legal entitlement at the date of such certificate to an

exemption from U.S. withholding tax under the provisions of Section 881(c) of

theCodewithrespecttopaymentstobemadeunderany LoanDocument;and

(1)withrespecttoeachbeneficiaryormemberofsuchLender,suchIssuerorthe

Administrative Agent that is not claiming the so-called "portfolio interest

exemption", also deliver to Borrower and the Administrative Agent (I) two

accurateandcompleteoriginalsignedInternalRevenueServiceForms

W-8BEN-E (certifying that such beneficiary or member is a resident of the

applicable country within the meaning of the income tax treaty between the

United States and that country), Forms W-8ECI or Forms W-9, or successor

applicable form, as the case may be, in each case so that each such beneficiary or

member is entitled to receive all payments under any Loan Document without

deduction or withholding of any U.S. federal income taxes and (II) such other

forms, documentation or certifications, as the case may be, certifying that each

such beneficiary or member is entitled to an exemption from United States

backup withholding tax with respect to all payments under any Loan Document,

and (2) with respect to each beneficiary or member of such Lender or such Issuer

that is claiming the so-called "portfolio interest exemption", (I) represent to

Borrower and the Administrative Agent that such beneficiary or member is not

(1)abankwithinthemeaningofSection881(c)(3)(A)oftheCode,(2)a"10

percent shareholder" of Borrower within the meaning of Section 881(c)(3)(B) of

the Code, or (3) a "controlled foreign corporation" described in Section

881(c)(3)(C) of the Code, and (II) also deliver to Borrower and the

Administrative Agent two U.S. Tax Compliance Certificates from each

beneficiary or member and two accurate and complete original signed Internal

Revenue Service Forms W-8BEN-E, or successor applicable form, certifying to

such beneficiary's or member's legal entitlement at the date of such certificate to

an exemption from U.S. withholding tax under the provisions of Section 871(h)

or Section 881(c) of the Code with respect to payments to be made under any

LoanDocument,and(III)alsodelivertoBorrowerandtheAdministrativeAgent

such other forms, documentation or certifications, as the case may be, certifying

that it is entitled to an exemption from United States backup withholding tax

with respect to payments under any Loan Document;

(B)deliver to Borrower and the Administrative Agent two

further accurate and complete original signed forms, certificates or certifications

referred to above on or before the date any such form, certificate or certification

expires or becomes obsolete, or any beneficiary or member changes, and after

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the occurrence of any event requiring a change in the most recently provided

form,certificateorcertificationandobtainsuchextensionsoftimereasonably

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requestedby BorrowerortheAdministrativeAgentforfiling and completing

such forms, certificates or certifications; and

(C)deliver, to the extent legally entitled to do so, upon

reasonable request byBorrower, to Borrower and the AdministrativeAgent such

other forms as may be reasonably required in order to establish the legal

entitlement of such Lender, such Issuer or the Administrative Agent (or

beneficiary or member) to an exemption from, or reduction of, withholding with

respect to payments under anyLoan Document, *provided* that in determiningthe

reasonableness of a request under this *clause (C)*such Lender, suchIssuer or the

Administrative Agent shall be entitled to consider the cost (to the extent

unreimbursed by Borrower) which would be imposed on such Lender or the

Administrative Agent (or beneficiary or member) of complying with such

request;

unless, in any such case (other than with respect to United States

backup withholding tax), there has been a Change in Law which

renders all such forms inapplicable or which would prevent such

Lender, such Issuer or the Administrative Agent (or such beneficiary

or member) from duly completing and delivering any such form with

respecttoitandsuchLender,suchIssuerortheAdministrativeAgent

so advises Borrower and the Administrative Agent.

(g)Each Person that shall become a Lender or a Participant pursuant to *Section*

*11.2* shall, upon the effectiveness of the related transfer, be required to provide all of the forms,

certifications and statements pursuant to this *Section 2.16*, *provided* that in the case of a

Participant the obligations of such Participant pursuant to *clause (f)* or *(g)* of this *Section 2.16*

shall be determined as if such Participant were a Lender except that such Participant shall furnish

all such required forms, certifications and statements to the Lender from which the related

participation shall have been purchased.Without limiting the generality of the foregoing, if a

payment made to a Lender or Issuer hereunder may be subject to U.S. federal withholding tax

imposed by FATCA if such Lender or Issuer were to fail to comply with the applicable reporting

requirements of FATCA, such Lender or Issuer shall deliver to Borrower and the Administrative

Agent, at the time or times prescribed by law and at such time or times reasonably requested by

Borrower or the Administrative Agent, such documentation prescribed by applicable law and

such additional documentation reasonably requested by Borrower or the Administrative Agent as

may be necessary for the Borrower or the Administrative Agent to comply with its obligations

(including any applicable reporting requirements) under FATCA and to determine whether 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 the immediately preceding

sentence, the term "*FATCA*" shall include any amendments to FATCA after the date hereof.For

the avoidance of doubt, Borrower and the Administrative Agent shall be permitted to withhold

any Taxes imposed under FATCA.

(h)If the Administrative Agent, any Lender or any Issuer determines, in its sole

discretion, that it has receiveda refund of any Taxes as to which it has been indemnified bya

Loan Party or Taxes with respect to which the Loan Party has paid additional amounts pursuant

to *Section 2.14(c)*, or this *Section 2.16*, it shall pay over such refund to such Loan Party (but only

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to the extent of indemnitypayments made, or additional amounts paid, by such Loan Partyunder

*Section2.14(c)* orthis*Section2.16*withrespecttotheTaxesgiving risetosuchrefund), net of

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all out-of-pocket expenses of the Administrative Agent, such Lender or such Issuer incurred in

connectiontherewithandwithoutinterest(otherthananyinterestpaidbytherelevant

GovernmentalAuthoritywithrespecttosuchrefund);*provided*thattheLoanParty,uponthe

request of the Administrative Agent, such Lender or such Issuer, agrees to repay the amount paid

over to such Loan Party to the Administrative Agent, such Lender or such Issuer in the event the

AdministrativeAgent,suchLenderorsuchIssuerisrequiredtorepaysuchrefundtosuch

GovernmentalAuthority.Thisparagraph shallnotbe construed to require the Administrative

Agent,anyLenderoranyIssuertomakeavailableitstaxreturns(oranyotherinformation

relatingtoitsTaxeswhichitdeemsconfidential)totheLoanPartyoranyotherPerson.

Notwithstanding anything to the contrary, in no event will the Administrative Agent, any Lender

or any Issuer be required to payanyamount to a Loan Partythepayment of which would place it

inalessfavorablenetafter-taxpositionthantheAdministrativeAgent,suchLenderorsuch

Issuer,asthecasemaybe,wouldhavebeeniniftheadditionalamountsgivingrisetosuch

refund of any Taxes had never been paid.

(i)Each Lender and the Administrative Agent agrees that, upon the occurrence

of any condition or event giving rise to any payment pursuant to *Section 2.14(b)*, *2.14(c)*,

*2.14(d)*, *2.15* or *2.16* with respect to such Lender or the Administrative Agent, it will promptly

notify the Borrower and the Administrative Agent and will take such steps as may be reasonably

available to it to mitigate the effects of such condition or event, which shall include efforts to

designate another Lending Office for any Loan affected by such event or rebook such Loans

through another branch or an Affiliate of such Lender with the object of avoiding the

consequences of such event; *provided* that such steps are taken on terms that, in the reasonable

judgment of such Lender, would be materially disadvantageous to its business or operations or

would require it to incur additional costs (unless the Borrower agrees to reimburse such Lender

or Administrative Agent for the reasonable incremental out-of-pocket costs thereof).

***Section 2.17Mitigation and Substitution of Lenders***.

(a)If(<u>x</u>) (i)anyLendermakesaclaimunder*Section2.14(b)(ii)*or*2.15*,

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(x)it becomes illegal for any Lender to continue to fund or make any Daily Simple SOFR Rate

LoanorTermSOFRRateLoanandsuchLendernotifiesBorrowerpursuantto*Section2.14(d)*,

(y)anyLoanPartyisrequiredtomakeanypayment pursuantto*Section2.14(c)*or*Section2.16*

thatisattributabletoaparticularLenderor(<u>iv</u>) anyLenderbecomesaDefaultingLenderand

(z)in the case of *clause (x)(i)* above, as a consequence of increased costs in respect of which

such claim is made, the effective rate of interest payable to such Lender under this Agreement

with respect to its Loans materially exceeds the effective average annual rate of interest payable

to the Requisite Lenders under this Agreement (any such Lender, an "*<u>Affected Lender</u>*"),

Borrower may substitute another financial institution or other entity for such Affected Lender

hereunder upon reasonable prior written notice by Borrower to the Administrative Agent and the

Affected Lender that Borrower intends to make such substitution, which substitute financial

institution or other entity must be an Eligible Assignee and, if not a Lender, reasonably

acceptable to the Administrative Agent.If the proposed substitute financial institution or other

entity is reasonably acceptable to the Administrative Agent and the written notice was properly

issued under this *Section 2.17*, the Affected Lender shall sell and the substitute financial

institution or other entity shall purchase, pursuant to an Assignment and Assumption for an

amount equal to the outstanding principal amount of such Loans and any accrued and unpaid

interest, fees or other amounts due and owing at such time (and, upon receipt by the Affected

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Lender of all such amounts, shall be deemed to have so sold), all rights and claims of such

Affected Lender under the Loan Documents and the substitute financial institution or other entity

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shall assume and the Affected Lender shall be relieved of its Commitments and all other prior

unperformed obligations of the Affected Lender under the Loan Documents (other than in

respect of any damages (other than exemplary or punitive damages, to the extent permitted by

applicablelaw)inrespectofanysuchunperformedobligations)andtheprovisionsof*Section*

*11.2* applicable to assignees thereunder shall apply to any assignee under this *Section 2.17*.In

furtherance of the foregoing, each Lender hereby grants to the Administrative Agent and

Borrower an irrevocable power of attorney (which power is coupled with an interest) to execute

and deliver on behalf of such Lender, as assignor, any Assignment and Assumption necessary to

effectuate any such assignment of such Lender's interests hereunder in the circumstances

contemplated by this *Section 2.17(a)*; *provided* that the Administrative Agent shall not exercise

such power of attorney unless such Lender has failed to enter into any such Assignment and

Assumption within 3 days following any written request from Borrower or the Administrative

Agent following the occurrence of any of the circumstances set forth in *clause (x)* above.

(b)Upon the request and at the expense of a Loan Party, the Administrative

Agent, each Lender and each Issuer to which such Loan Party is required to pay any additional

amount pursuant to *Section 2.14(c)*, *Section 2.15* or *Section 2.16*, and any Participant in respect

of whose participation such payment is required, shall reasonably afford such Loan Party the

opportunity to contest, and reasonably cooperate with such Loan Party in contesting, the

impositionofanyIndemnifiedTaxorOtherTaxgivingrisetosuchpayment;*provided*that

(i) the Administrative Agent, such Lenderorsuch Issuershallnotbe required to afford such

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Loan Party the opportunity to so contest unless such Loan Party shall have confirmed in writing

to the Administrative Agent, such Lender or such Issuer its obligation to pay such amounts

pursuant to this Agreement and (<u>ii</u>) such Loan Party shall reimburse the Administrative Agent,

such Lender or such Issuer for its reasonable attorneys' and accountants' fees and disbursements

incurred in so cooperating with such Loan Party in contesting the imposition of such Indemnified

Tax or Other Tax; *provided* that notwithstanding the foregoing no Lender or Issuer nor the

Administrative Agent shall be required to afford such Loan Party the opportunity to contest, or to

cooperate with such Loan Party in contesting, the imposition of any such increased cost or Taxes,

if such Lender or Issuer or the Administrative Agent in its sole discretion in good faith

determines that to do so would have an adverse effect on it.

(c)If a Lender changes its Lending Office (other than pursuant to *Section*

*2.16(i)*) and the effect of such change, as of the date of such change, would be to cause anyLoan

Party to become obligated to pay any additional amount under *Section 2.14(c)*, *Section 2.15* or

*Section 2.16*, such Loan Party shall not be obligated to pay such additional amount.

***Section 2.18[Reserved]***.

***Section 2.19Cash Collateral****.*At any time that there shall exist a Defaulting Lender,

within two Business Days following the written request of any Issuer (with a copy to the

Administrative Agent) Borrower shall Cash Collateralize the Issuers' Fronting Exposure with

respect to such Defaulting Lender (determined after giving effect to *Section 2.20(a)(iv)* and any

Cash Collateral provided by such Defaulting Lender) in an amount not less than the Minimum

Collateral Amount.

(a)*Grant of Security Interest*.Borrower, and to the extent provided by any

Defaulting Lender, such Defaulting Lender, hereby grants to the Administrative Agent, for the

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benefit of the Issuers, and agrees to maintain, a first priority security interest in all such Cash

Collateralassecurity fortheDefaulting Lenders' obligation to fund participations in respect of

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Letter of Credit Obligations, to be applied pursuant to *clause (b)* below.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 and the Issuers as herein provided, or that the total

amount of such Cash Collateral is less than the Minimum Collateral Amount, Borrower will,

promptlyupon demand bythe Administrative Agent, pay or provide to the Administrative Agent

additional Cash Collateral in an amount sufficient to eliminate such deficiency (after giving

effect to any Cash Collateral provided by the Defaulting Lender).

(b)*Application*.Notwithstanding anything to the contrary contained in this

Agreement, Cash Collateral provided under this *Section 2.19 or Section 2.20* in respect of Letters

of Credit shall be applied to the satisfaction of the Defaulting Lender's obligation to fund

participations in respect of Letter of Credit Obligations (including, as to Cash Collateral provided

by a Defaulting Lender, any interest accrued on such obligation) for which the Cash Collateral

was so provided, prior to any other application of such property as may otherwise be provided for

herein.

(c)*Termination of Requirement*.Cash Collateral (or the appropriate portion

thereof) provided to reduce any Issuer's Fronting Exposure shall no longer be required to be held

as Cash Collateral pursuant to this *Section 2.19* following (i) the elimination of the applicable

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Fronting Exposure (including by the termination of Defaulting Lender status of the applicable

Lender in accordance with *Section 2.20(d)*), or (<u>ii</u>) the determination by the Administrative Agent

and each Issuer that there exists excess Cash Collateral; *provided* that, subject to *Section 2.20* the

Person providing Cash Collateral and each Issuer may agree that Cash Collateral shall be held to

support future anticipated Fronting Exposure or other obligations; *provided, further*, that to the

extent that such Cash Collateral was provided by Borrower, such Cash Collateral shall remain

subject to the security interest granted pursuant to the Loan Documents.

***Section 2.20Defaulting Lender***.

(a)*Defaulting Lender Adjustments*.Notwithstanding anything to the contrary

contained in this Agreement, if any Lender becomes a Defaulting Lender, then, until such time as

such Lender is no longer a Defaulting Lender, to the extent permitted by applicable law:

(i)*Waivers and Amendments*.Such Defaulting Lender's right to

approveordisapproveanyamendment,waiverorconsentwithrespecttothisAgreement

shall be restricted as set forth in the definitions of Requisite Lenders and Requisite

Revolving Credit Lenders.

(ii)*Defaulting Lender Waterfall*.Any payment of principal,interest,

fees or other amounts received by the Administrative Agent for the account of such

Defaulting Lender (whether voluntary or mandatory, at maturity, pursuant to *Article IX* or

otherwise) or received by the Administrative Agent from a Defaulting Lender pursuant to

*Section 11.8* shall be applied at such time or times as may be determined by the

Administrative Agent as follows:*<u>first</u>*,tothepaymentofanyamountsowingbysuch

Defaulting Lender to the Administrative Agent hereunder; *<u>second</u>*, to the payment on a

pro rata basis of any amounts owing by such Defaulting Lender to any Issuer hereunder;

*<u>third</u>*, to Cash Collateralize the Issuers' Fronting Exposure with respect to such

Defaulting Lender in accordance with *Section 2.19*; *<u>fourth</u>*, as Borrower may request (so

longasnoDefaultorEventofDefaultexists),tothefunding ofany Loaninrespectof

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which such Defaulting Lender has failed to fund its portion thereof as required by this

Agreement,asdeterminedbytheAdministrativeAgent;*<u>fifth</u>*,ifsodeterminedbythe

Administrative Agent and Borrower, to be held in a Deposit Account and released pro

rata in order to (<u>x</u>) satisfy such Defaulting Lender's potential future funding obligations

with respect to Loans under this Agreement and (<u>y</u>) Cash Collateralize the Issuers' future

Fronting Exposure with respect to such Defaulting Lender with respect to future Letters

ofCreditissuedunderthisAgreement,inaccordancewith*Section2.19*;*<u>sixth</u>*,tothe

payment of any amounts owing to the Lenders or the Issuers as a result of any judgment

of a court of competent jurisdiction obtained by any Lender or the Issuers against such

Defaulting Lender as a result of such Defaulting Lender's breach of its obligations under

this Agreement; *<u>seventh</u>*, so long as no Default or Event of Default exists, to the payment

of any amounts owing to Borrower as a result of any judgment of a court of competent

jurisdictionobtainedbyBorroweragainstsuchDefaultingLenderasaresultofsuch

Defaulting Lender's breach of its obligations under this Agreement; and *<u>eighth</u>*, to such

DefaultingLenderorasotherwisedirectedbyacourtofcompetentjurisdiction;

*provided* that if (<u>x</u>) such payment is a payment of the principal amount of any Loans or

ReimbursementObligationsinrespectofwhichsuchDefaulting Lenderhasnotfully

fundeditsappropriateshare,and(<u>y</u>) suchLoansweremadeortherelatedLettersof

Credit were issued at a time when the conditions set forth in *Section 3.2* were satisfied or

waived, such payment shall be applied solely to pay the Loans of, and Reimbursement

Obligationsowedto,allNon-DefaultingLendersonaproratabasispriortobeing

applied to the paymentof any Loans of, or Reimbursement Obligations owed to, such

Defaulting Lender until such time as all Loans and funded and unfunded participations in

LetterofCreditObligationsareheldbytheLendersproratainaccordancewiththe

Commitments under the applicable Facility without giving effect to *Section 2.20(a)(iv)*.

Any payments, prepaymentsorotheramountspaid orpayable to aDefaulting Lender

that are applied (or held) to pay amounts owed by a Defaulting Lender or to post Cash

Collateral pursuant to this *Section 2.20(a)(ii)* shall be deemed paid to and redirected by

such Defaulting Lender, and each Lender irrevocably consents hereto.

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(iii)*Certain Fees*.(A)No Defaulting Lender shall be entitled to

receive any Unused Commitment Fee for any period during which that Lender is a

Defaulting Lender (and Borrower shall not be required to pay any such fee that otherwise

would have been required to have been paid to that Defaulting Lender).

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(B<u>A</u>)Each Defaulting Lender shall be entitled to receive fees

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accruing pursuant to *Section 2.12(b)* 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 2.19*.

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(C<u>B</u>)Withrespecttoanyfeesaccruingpursuantto

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*Section 2.12(b)* not required to be paid to any Defaulting Lender pursuant to

*clause (A)* or *(B)* above, Borrower shall (<u>x</u>)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 Letter of Credit Obligations

that has been reallocated to such Non-Defaulting Lender pursuant to *clause (iv)*

below, (<u>y</u>) pay to each Issuer the amount of any such fee otherwise payable to

suchDefaultingLendertotheextentallocabletosuchIssuer'sFronting

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ExposuretosuchDefaultingLender,and(<u>z</u>) notberequiredtopaythe

remaining amount of any such fee.

(iv)*ReallocationofParticipationstoReduceFrontingExposure*. All

or any part of such Defaulting Lender's participation in Letter of Credit Obligations shall

bereallocatedamongtheNon-DefaultingLendersinaccordancewiththeir

respectiveApplicablePercentages(calculatedwithoutregardtosuchDefaulting

Lender's Commitment) but only to the extent that such reallocation does not cause the

aggregateRevolvingCreditExposureofanyNon-DefaultingLendertoexceedsuch

Non-Defaulting Lender's Revolving Credit Commitment.Subject to *Section 11.25*, no

reallocationhereundershallconstituteawaiverorreleaseofanyclaimofanyparty

hereunderagainstaDefaultingLenderarisingfromthatLenderhavingbecomea

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*.If the reallocation described in *clause (iv)* above

cannot, or can onlypartially, be effected, Borrower shall, without prejudice to any right

or remedy available to it hereunder or under law Cash Collateralize the Issuers' Fronting

Exposure in accordance with the procedures set forth in *Section 2.19*.

(b)[Reserved].

(c)*Termination of Defaulting Lender Commitments*.Borrower may terminate

the unused amount of the Commitment of a Defaulting Lender upon not less than 10 Business

Days' prior notice to the Administrative Agent (which will promptly notify the Lenders thereof),

and in such event the provisions of *Section 2.13* will apply to all amounts thereafterpaid by

Borrower for the account of such Defaulting Lender under this Agreement (whether on account

of principal, interest, fees, indemnity or other amounts); *provided* that such termination will not

be deemed to be a waiver or release of any claim Borrower, the Administrative Agent, the Issuers

or any Lender may have against such Defaulting Lender.

(d)*Defaulting Lender Cure*.If Borrower, the Administrative Agent and the

Issuers agree in writingthat a Lender is no longer a DefaultingLender, 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) (i) such Lender will, to the extent applicable, purchase at par that portion of

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outstanding Loans of the other Lenders or take such other actions as the Administrative Agent

may determine to be necessary to cause the Loans and funded and unfunded participations in

Letters of Credit to be held pro rata by the Lenders in accordance with the Commitments under

the applicable Facility (without giving effect to *Section 2.20(a)(iv)*), whereupon such Lender will

cease to be a Defaulting Lender; *provided* that no adjustments will be made retroactively with

respect to fees accrued or payments made by or on behalf of Borrower while that Lender was a

Defaulting Lender and (<u>ii</u>) the Cash Collateral requirements set forth in *Section 2.1*9 will

terminate and the applicable Issuer will cause any Cash Collateral posted with respect to their

respective Letter of Credit Obligations, to be returned to Borrower subject to any terms relating

to such Cash Collateral; *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.

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(e)*Replacement and Prepayment.*The Borrower shall have the right, at its sole

expense and effort (i) to seek one or more Persons reasonably satisfactory to the Administrative

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Agent and the Borrower to each become a substitute Revolving Credit Lenderand assume all or

part of the Commitment of any Defaulting Lender and the Borrower, the Administrative Agent

and any such substitute Revolving Credit Lender shall execute and deliver, and such Defaulting

Lender shall thereupon be deemed to have executed and delivered, an appropriately completed

Assignment and Assumption to effect such substitution or (<u>ii</u>) upon written notice to the

Administrative Agent, so long as no Event of Default pursuant to *Section 9.1(a)*, *9.1(b)*, or *9.1(f)*

shall have occurred and be continuing to prepay the Loans and, at the Borrower's option,

terminate the Commitments of such Defaulting Lender, in whole or in part, without premium or

penalty.

***Section 2.21IncrementalFacilities***.

(a)*General*.Borrower shall have the right, at any time and from time to time

after the Closing Date, (i) to request new term loan commitments under one or more new term

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loan credit facilities to be included in this Agreement on a pari passu basis in right of payment

and security with the Initial Term Loans or to increase the Existing Term Loans by requesting

new termloan commitments to be added to an existing Tranche of TermLoans (each, an

"*<u>Incremental Term Facility</u>*") and (<u>ii</u>) to increase the Existing Revolving Loans by requesting

new revolving credit commitments to be added to the Existing Revolving Loans ("*<u>Supplemental</u>*

*<u>Revolving Credit Commitments</u>*", and together with any Incremental Term Facility, the

"*<u>Incremental Facilities</u>*") in an aggregate principal amount not to exceed, the Maximum

Incremental Facilities Amount at the time of incurrence or establishment of any such Increment

Facility; *provided* that (I) in the case of any Incremental Facility, such increase must be in a

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minimumprincipal amount of at least $5,000,000 and will onlybecome effective if (<u>A</u>) noEvent

ofDefault has occurred and is continuing or would result from such Incremental Facilities, and

(<u>B</u>) the maturity date and the weighted average life to maturity of any Incremental Term Facility

shall be no earlier than or shorter than, as the case may be, the Latest Maturity Date or the

weighted average life to maturityof the Tranche of TermLoans havingthe Latest MaturityDate,

as applicable (other than an earlier maturitydate and/or shorter weighted average life to maturity

(<u>1</u>) for customary bridge financings, which, subject to customary conditions, would either be

automatically converted into or required to be exchanged for permanent financing which does not

provide for an earlier maturity date or a shorter weighted average life to maturity than the Latest

Maturity Date or the remaining weighted average life to maturity of the Tranche of Term Loans

having the Latest Maturity Date, as applicable or (<u>2</u>) pursuant to an escrow or similar

arrangement with respect to the proceeds of such Incremental Term Loans); (<u>II</u>) the interest rate

margins and (subject to *clause (I)(B)* above) amortization schedule applicable to the loans made

pursuant to the Incremental Facilities shall be determined by the Borrower and the applicable

incremental lenders; (<u>III</u>) the terms and documentation for any Supplemental Revolving Credit

Commitments shall be on the same terms as the Initial Revolving Credit Facility as in effect prior

to giving effect to any Incremental Amendment; and (<u>IV</u>) the terms and documentation in respect

of any Incremental Facility (other than any Supplemental Revolving Credit Commitment), to the

extent not consistent with this Agreement as in effect prior to giving effect to any amendment

pursuant to *clause (b)* below, shall otherwise be reasonably satisfactory to Borrower, *provided*

that to the extent such terms and documentation (other than in respect of pricing, call protection

and other financial terms) are not consistent with the terms and documentation governing the

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Initial Facility (except to the extent permitted by *clause (I)(B)* or *(II)* above), they shall be

reasonably satisfactory to the Administrative Agent and the Borrower.Notwithstanding anything

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tothecontraryinthisAgreement,ifanyLenderthatprovidesanyIncrementalTermFacility

pursuanttothis*Section2.21*isanAffiliatedLenderthatisnotanAffiliatedDebtFund,the

aggregate principal amount of all Term Loans held by Affiliated Lenders that are not Affiliated

DebtFundsaftergivingeffecttotheincurrenceofsuchIncrementalTermFacilityshallnot

exceed 25% of the aggregate principal amount of all Term Loans (including Incremental Term

Loans) outstanding under this Agreement and the aggregate principal amount of all Revolving

Credit Commitments held by Affiliated Lenders that are not Affiliated Debt Funds after giving

effecttosuchSupplementalRevolvingCreditCommitmentsshallnotexceed25%ofthe

aggregate principal amount of Revolving Credit Commitments in effect under this Agreement.

Each Affiliated Lender that is not an Affiliated Debt Fund that provides Incremental Facilities

pursuant to this *Section 2.21* agrees to each of the provisions set forth in *Section 11.2(l)(iv)* with

respect to itself and its Incremental Facilities.

(b)*Procedures*.Borrower shall have the right, but not any obligation, to offer an

Incremental Facility to any existing Lender (in the case of any Supplemental Revolving Credit

Commitments, any Affiliated Lender) or any other bank or financial institution that is an Eligible

Assignee (any such bank or other financial institution, an "*<u>Additional Lender</u>*");*provided* that

any Lender or Additional Lender approached to provide all or a portion of any Incremental

Facility may elect or decline, in its sole discretion, to provide all or a portion of such Incremental

Facility; *provided*, *further*, that (<u>x</u>) if such Additional Lender is not already a Lender hereunder or

an Affiliate of a Lender hereunder or an Approved Fund, the consent of the Administrative Agent

and (in the case of Supplemental Revolving Credit Commitments) the consent of any Issuer (in

each case, such consent not to be unreasonably withheld or delayed) shall be required and (<u>y</u>) that

such Lender or Additional Lender executes a Joinder Agreement in the form attached hereto as

*Exhibit V* (a "*<u>Joinder Agreement</u>*") pursuant to which such Additional Lender agrees to be bound

by the terms of this Agreement as a Lender.Borrower may agree to accept a lesser amount of any

Incremental Facility than originally requested.On the effective date provided for in any

agreement providing for an Incremental Facility (each, an "*<u>Incremental</u><u>Facility Effective Date</u>*"),

the Incremental Facility will be made available to Borrower in the amount committed to by each

Lender or Additional Lender as of the Incremental Facility Effective Date in accordance with

*clause (c)* below.The Borrower shall have the right toallocate such commitments on whatever

basis Borrower determines is appropriate.Loans and commitments made pursuant to Incremental

Facilities ("*<u>Incremental Term Loans</u>*" and "*<u>Incremental Revolving Credit Commitments</u>*", as

applicable) shall become Term Loans or Revolving Credit Commitments, as applicable, under

this Agreement pursuant to an amendment to this Agreement and, as appropriate, the other Loan

Documents, executed by Holdings, Borrower, each Lender agreeing to provide such Incremental

Facility, if any, each Additional Lender, if any, and the Administrative Agent (an "*<u>Incremental</u>*

*<u>Amendment</u>*").Notwithstanding anything to the contrary in *Section 11.1*, any such Incremental

Amendment may, without the consent of any other Lenders, effect such amendments to any Loan

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Documents (i) as may be necessary or appropriate, in the opinion of the Borrower and

Administrative Agent, to effect the provisions of this *Section 2.21* and/or (<u>ii</u>) so long as such

amendments are not adverse to the Lenders, such other changes as may be necessary or

appropriate, in the reasonable opinion of the Administrative Agent and the Borrower, to maintain

the fungibility of any such IncrementalTerm Loans with any tranche of then outstanding Term

Loans.

(c)*Funding of Incremental Facilities.*On each Incremental Facility Effective

Date, each Lender and Additional Lender providing a portion of any Incremental Term Facility

shalltransferimmediatelyavailablefundstotheAdministrativeAgentinanamount

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equaltoitsIncrementalTermLoanCommitment(lessanyapplicableupfrontfeesororiginal

issue discount).

***Section 2.22Extensionof TermLoans and Revolving CreditCommitments***.

(a)Borrowermayatanytimeandfromtimetotimerequestthatallora

portionofthe(i) TermLoansofoneormoreTranches(includinganyExtendedTerm Loans)

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existing at the time of such request (each, an "*<u>Existing Term Tranche</u>*", and the Term Loans of

suchTranche,the"*<u>Existing</u><u>Term</u><u>Loans</u>*")and(<u>ii</u>) RevolvingCreditCommitmentsofoneor

more Tranches (including any Extended Revolving Loans) existing at the time of such request

(each, an "*<u>Existing Revolving Tranche</u>*" and together with the Existing Term Tranches, each an

"*<u>Existing</u><u>Tranche</u>*",andtheRevolvingCreditCommitmentsofsuchExistingRevolving

Tranche,the"*<u>Existing</u><u>Revolving</u><u>Loans</u>*",andtogetherwiththeExistingTermLoans,the

"*<u>Existing</u><u>Loans</u>*"),ineachcase,beconvertedtoextendthescheduledmaturitydate(s)ofany

paymentofprincipalorscheduledterminationdate(s),asapplicable,withrespecttoallora

portion of any principal amount of any Existing Tranche (any such Existing Tranche which has

been so extended, an "*<u>Extended Term Tranche</u>*" or "*<u>Extended Revolving Tranche</u>*", as applicable,

andeachan"*<u>Extended</u><u>Tranche</u>*",andtheTermLoansorRevolvingCreditCommitments,as

applicable,ofsuchExtendedTranches,the"*<u>Extended</u><u>Term</u><u>Loans</u>*"or"*<u>Extended</u><u>Revolving</u>*

*<u>Commitments</u>*", as applicable, and collectively, the "*<u>Extended Loans</u>*") and to provide for other

termsconsistentwiththis*Section 2.22*;*provided*that(i) anysuchrequestshallbemadeby

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Borrower to all Lenders with Term Loans or Revolving Credit Commitments, as applicable, with

alikematuritydate(whetherunderoneormoreTranches)ona*prorata*basis(basedonthe

aggregateoutstandingprincipalamountoftheapplicableTermLoansorontheaggregate

Revolving Credit Commitments) and (<u>ii</u>) any applicable Minimum Extension Condition shall be

satisfied unless waived by Borrower.In order to establish any Extended Tranche, Borrower shall

provide a notice to the Administrative Agent (who shall provide a copy of such notice to each of

theLendersoftheapplicableExistingTranche)(an"*<u>Extension</u><u>Request</u>*")settingforththe

proposedtermsoftheExtendedTranchetobeestablished,whichtermsshallbesubstantially

similartothoseapplicabletotheExistingTranchefromwhichtheyaretobeextended(the

"*<u>Specified Existing Tranche</u>*"), except (<u>x</u>) all or any of the final maturity dates of such Extended

TranchesmaybedelayedtolaterdatesthanthefinalmaturitydatesoftheSpecifiedExisting

Tranche,(<u>y</u>) (<u>A</u>) theinterestmarginswithrespecttotheExtendedTranchemaybehigheror

lower than the interest margins for the Specified Existing Tranche and/or (<u>B</u>) additional fees may

bepayabletotheLendersprovidingsuchExtendedTrancheinadditiontoorinlieuofany

increased margins contemplated by the preceding *clause (A)* and (<u>z</u>) in the case of an Extended

Term Tranche, so long as the weighted average life to maturity of such Extended Term Tranche

wouldbenoshorterthantheremainingweightedaveragelifetomaturityoftheSpecified

Existing Tranche, amortization rates with respect to the Extended Term Tranche may be higher

or lower than the amortization rates for the Specified Existing Tranche, in each case to the extent

provided in the applicable Extension Amendment; *provided* that, notwithstanding anything to the

contrary in this *Section 2.22* or otherwise, assignments and participations of Extended Tranches

shallbegovernedbythesameor,atBorrower'sdiscretion,morerestrictiveassignmentand

participationprovisionsthantheassignmentandparticipationprovisionsapplicabletoInitial

Term Loans set forth in *Section 11.2*.No Lender shall have any obligation to agree to have any

of its Existing Loans converted into an Extended Tranche pursuant to any Extension Request.

Any Extended Tranche shall constitute a separate Tranche of Loans from the Specified Existing

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Tranches and from any other Existing Tranches (together with any other Extended Tranches so

established on such date).

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(b)Borrower shall provide the applicable Extension Request at least ten

Business Days (or such shorter period as the Administrative Agent may agree in its reasonable

discretion) prior to the date on which Lenders under the applicable Existing Tranche or Existing

Tranches are requested to respond.Any Lender (an "*<u>Extending Lender</u>*") wishing to have all or a

portion of its Specified Existing Tranche converted into an Extended Tranche shall notify the

Administrative Agent (each, an "*<u>Extension Election</u>*") on or prior to the date specified in such

Extension Request of the amount of its Specified Existing Tranche that it has elected to convert

into an Extended Tranche.In the event that the aggregate amount of the Specified Existing

Tranche subject to Extension Elections exceeds the amount of Extended Tranches requested

pursuant to the Extension Request, the Specified Existing Tranches subject to Extension

Elections shall be converted to Extended Tranches on a *pro rata* basis based on the amount of

Specified Existing Tranches included in each such Extension Election.In connection with any

extension of Loans pursuant to this *Section 2.22* (each, an "*<u>Extension</u>*"), Borrower shall agree to

such procedures regarding timing, rounding and other administrative adjustments to ensure

reasonable administrative management of the credit facilities hereunder after such Extension, as

may be established by, or acceptable to, the Administrative Agent, in each case acting reasonably

to accomplish the purposes of this *Section 2.22*.The Borrower may amend, revoke or replace an

Extension Request pursuant to procedures reasonably acceptable to the Administrative Agent at

any time prior to the date (the "*<u>Extension Request Deadline</u>*") on which Lenders under the

applicable Existing Term Tranche or Existing Revolving Tranche are requested to respond to the

ExtensionRequest.AnyLendermayrevokeanExtensionElectionatanytimepriorto

5:00 P.M. on the date that is two Business Days prior to the Extension Request Deadline, at

which point the Extension Election becomes irrevocable (unless otherwise agreed by the

Borrower).The revocation of an Extension Election prior to the Extension Request Deadline

shall not prejudice any Lender's right to submit a new Extension Election prior to the Extension

Request Deadline.

(c)Extended Tranches shall be established pursuant to an amendment (an

"*<u>Extension Amendment</u>*") to this Agreement (which may include amendments to (i) provisions

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related to maturity, interest margins, amortization or fees referenced in *clauses (x)* through *(z)* of

*Section 2.22(a)*, and which, in each case, except to the extent expressly contemplated by the last

sentenceofthis*Section 2.22(c)*andnotwithstandinganythingtothecontrarysetforthin

*Section 11.1*, shall not require the consent of any Lender other than the Extending Lenders with

respect to the Extended Tranches established thereby) executed by the Loan Parties, the

Administrative Agent, and the Extending Lenders.No Extension Amendment shall provide for

any Extended Term Tranche in an aggregate principal amount that is less than $50,000,000 or

any Extended Revolving Tranche in an aggregate principal amount that is less than $25,000,000

(in each case, except to the extent a lower amount is agreed to by the Administrative Agent in its

reasonable discretion).Notwithstanding anything to the contrary in this Agreement and without

limiting the generality or applicability of *Section 11.1* to any *Section 2.22* Additional

Amendments, any Extension Amendment may provide for additional terms and/or additional

amendments other than those referred to or contemplated above (any such additional amendment,

a "*<u>Section 2.22 Additional Amendment</u>*") to this Agreement and the other Loan Documents;

*provided* that such Section 2.22 Additional Amendments do not become effective prior to the

time that such Section 2.22 Additional Amendments have been consented to (including, without

limitation, pursuant to consents applicable to holders of any Extended Tranches provided for in

any Extension Amendment) by such of the Lenders, Loan Parties and other parties (if any) as

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may be required in order for such Section 2.22 Additional Amendments to become effective in

accordance with *Section 11.1*; *provided*, *further*, that no Extension Amendment may provide for

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(i) any Extended Tranche to be secured by any Collateral or other assets that does not also secure

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the Existing Tranches or be guaranteed by any person other than the Guarantors and (<u>ii</u>) so long

as any Existing Term Tranches are outstanding, any mandatory or voluntary prepayment

provisions that do not also apply to the Existing Term Tranches (other than Existing Term

Tranches secured on a junior basis by the Collateral or ranking junior in right of payment, which

shall be subject to junior prepayment provisions) on a *pro rata* basis (or otherwise provide for

more favorable prepayment treatment for Existing Term Tranches than such Extended Term

Tranches as contemplated by the proviso in the third to last sentence of *Section 2.8(b)* and the

proviso in *Section 2.9(c)*); *provided further* that the Extended Term Loans or Extended

Revolving Commitments of no more than two Extended Tranches may mature and/or terminate

in any period of twelve months*.*Notwithstanding anything to the contrary in *Section 11.1*, any

such Extension Amendment may, without the consent of any other Lenders, effect such

amendments to any Loan Documents as may be necessary or appropriate, in the opinion of the

Administrative Agent, to effect the provisions of this *Section 2.22*; *provided* that the foregoing

shall not constitute a consent on behalf of any Lender to the terms of any Section 2.22 Additional

Amendment.

(d)Notwithstanding anything to the contrary contained in this Agreement, on

anydate on which anyExistingTranche is converted to extend the related scheduled maturity

date(s) in accordance with *clause (a)* above (an "*<u>Extension Date</u>*"), in the case of the Specified

Existing Tranche of each Extending Lender, the aggregate principal amount of such Specified

ExistingTranche shall be deemed reduced by an amount equal to the aggregate principal amount

of Extended Tranche so converted by such Lender on such date, and such Extended Tranches

shall be established as a separate Tranche from the Specified Existing Tranche and from any

other Existing Tranches (together with any other Extended Tranches so established on such

date).

(e)If, in connection with any proposed Extension Amendment, any Lender

declines to consent to the applicable extension on the terms and by the deadline set forth in the

applicable Extension Request (each such other Lender, a "*<u>Non-Extending Lender</u>*") then

Borrower may, on notice to the Administrative Agent and the Non-Extending Lender, (i) replace

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such Non-Extending Lender by causing such Lender to (and such Lender shall be obligated to)

assign pursuant to *Section 11.2* (with the assignment fee and any other costs and expenses to be

paid by Borrower in such instance) all of its rights and obligations under this Agreement to one

or more assignees; *provided* that neither the Administrative Agent nor anyLender shall have any

obligation to Borrower to find a replacement Lender; *provided*, *further*, that the applicable

assignee shall have agreed to provide Extended Loans on the terms set forth in such Extension

Amendment; *provided*, *further*, that all obligations of Borrower owing to the Non-Extending

Lender relating to the Existing Loans so assigned shall be paid in full by the assignee Lender (or,

at its option, the Borrower) to such Non-Extending Lender concurrently with such Assignment

and Assumption or (<u>ii</u>) if no Event of Default exists under *Sections 9.1(a)*, *9.1(b)* or *9.1(f)*, upon

notice to the Administrative Agent, prepay the Existing Loans and terminate the Existing

Revolving Commitments in whole or in part, subject to *Section 2.14(b)*, without premium or

penalty.In connection with any such replacement under this *Section 2.22*, if the Non-Extending

Lender does not execute and deliver to the Administrative Agent a duly completed Assignment

and Assumption and/or any other documentation necessary to reflect such replacement by the

later of (<u>A</u>) the date on which the replacement Lender executes and delivers such Assignment

and Assumption and/or such other documentation and (<u>B</u>) the date as of which all obligations of

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Borrower owing to the Non-ExtendingLender relatingto the ExistingLoans so assigned shall be

paidinfullbytheassigneeLendertosuchNon-ExtendingLender,thensuchNon-Extending

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Lender shall be deemed to have executed and delivered such Assignment and Assumption and/or

such other documentation as of such date, the Administrative Agent shall record such assignment

in the Register and Borrower shall be entitled (but not obligated) to execute and deliver such

Assignment and Assumption and/or such other documentation on behalf of such Non-Extending

Lender.

(f)Following any Extension Date, with the written consent of Borrower,any

Non-Extending Lender may elect to have all or a portion of its Existing Loans deemed to be an

Extended Loan under the applicable Extended Tranche on any date (each date a "*<u>Designation</u>*

*<u>Date</u>*") prior to the maturity date of such Extended Tranche; *provided* that such Lender shall have

provided written notice to Borrower and the Administrative Agent at least ten Business Days

prior to such Designation Date (or such shorter period as the Administrative Agent may agree in

its reasonable discretion);*provided further* thatno greateramount shall be paid by or on behalf

of Borrower or any of its Affiliates to any such Non-Extending Lender as consideration for its

extension into such Extended Tranche than was paid to any Extended Lender as consideration for

its Extension into such Extended Tranche.Following a Designation Date, the Existing Loans

held by such Lender so elected to be extended will be deemed to be Extended Loans of the

applicable Extended Tranche, and any Existing Loans held by such Lender not elected to be

extended, if any, shall continue to be "Existing Loans" of the applicable Tranche.

(g)With respect to all Extensions consummated by Borrower pursuant tothis

*Section 2.22*, (i) such Extensions shall not constitute optional or mandatory payments or

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prepayments for purposes of *Sections 2.8 or 2.9* and (<u>ii</u>) no Extension Request is required to be in

any minimum amount or any minimum increment, *provided* that Borrower may at its election

specify as a condition (a "*<u>Minimum Extension Condition</u>*") to consummating any such Extension

that a minimum amount (to be determined and specified in the relevant Extension Request in

Borrower's sole discretion and may be waived by Borrower) of Existing Loans of any or all

applicable Tranches be extended.The Administrative Agent and the Lenders hereby consent to

the transactions contemplated by this *Section 2.22* (including, for the avoidance of doubt,

payment of any interest, fees or premium in respect of any Extended Loans on such terms as may

be set forth in the relevant Extension Request) and hereby waive the requirements of any

provision of this Agreement (including, without limitation, *Sections 2.8*, *2.9* and *2.13*) or any

other Loan Document that may otherwise prohibit any such Extension or any other transaction

contemplated by this *Section 2.22*.

***Section 2.23Permitted Debt Exchanges***.

(a)Notwithstanding anything to the contrary contained in this Agreement,

pursuant to one or more offers (each, a "*<u>Permitted Debt Exchange Offer</u>*") made from time to

time by Borrower to all Lenders (other than any Lender that, if requested by Borrower, is unable

to certify that it is either a "qualified institutional buyer" (as defined in Rule 144A under the

Securities Act) or an institutional "accredited investor" (as defined in Rule 501 under the

Securities Act)) with outstanding Term Loans of a particular Tranche, as selected by Borrower,

Borrower may from time to time following the Closing Date consummate one or more exchanges

of Term Loans of such Tranche for indebtedness in the form of secured notes ranking junior to

the Liens securing the Facilities or unsecured notes (such notes, "*<u>Permitted Debt Exchange</u>*

*<u>Notes</u>*," and each such exchange a "*<u>Permitted Debt Exchange</u>*"), so long as the following

conditions are satisfied:(i) such Permitted Debt Exchange Notes have a stated maturity that is

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after the Latest Maturity Date and a weighted average life to maturity, at the time of issuance, of

not less than the remaining weighted average life of the Tranche of Term Loans having the Latest

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Maturity Date, (<u>ii</u>) if secured by Collateral, such Permitted Debt Exchange Notes shall be subject

to an Intercreditor Agreement or Other Intercreditor Agreement, (<u>iii</u>) the aggregate principal

amount (calculated on the face amount thereof) of Term Loans exchanged shall be equal to the

aggregate principal amount (calculated on the face amount thereof) of Permitted Debt Exchange

Notes issued in exchange for such Term Loans, (<u>iv</u>) the aggregate principal amount (calculated

on the face amount thereof) of all Term Loans exchanged by Borrower pursuant to any Permitted

Debt Exchange shall automatically be permanently cancelled and retired by Borrower on the date

of the settlement thereof (and, if requested by the Administrative Agent, any applicable

exchanging Lender shall execute and deliver to the Administrative Agent an Assignment and

Assumption, or such other form as may be reasonably requested by the Administrative Agent, in

respect thereof pursuant to which the respective Lender assigns its interest in the Term Loans

being exchanged pursuant to the Permitted Debt Exchange to Borrower for immediate

cancellation), (<u>v</u>) if the aggregate principal amount of all Term Loans (calculated on the face

amount thereof) tendered by Lenders in respect of the relevant Permitted Debt Exchange Offer

(with no Lender being permitted to tender a principal amount of Term Loans which exceeds the

principal amount of the applicable Tranche actually held by it) shall exceed the maximum

aggregate principal amount of Term Loans offered to be exchanged by Borrower pursuant to

such Permitted Debt Exchange Offer, then Borrower shall exchange Term Loans subject to such

Permitted Debt Exchange Offer tendered by such Lenders ratably up to such maximum amount

based on the respective principal amounts so tendered, (<u>vi</u>) each such Permitted Debt Exchange

Offer shall be made on a *pro rata* basis to the Lenders (other than any Lender that, if requested

by Borrower, is unable to certify that it is either a "qualified institutional buyer" (as defined in

Rule 144AundertheSecuritiesAct)oraninstitutional"accreditedinvestor"(asdefinedin

Rule 501 under the Securities Act)) based on their respective aggregate principal amounts of

outstanding Term Loans of the applicable Tranche, (<u>vii</u>) all documentation in respect of such

Permitted Debt Exchange shall be consistent with the foregoing, and all written communications

generally directed to the Lenders in connection therewith shall be in form and substance

consistent with the foregoing and made in consultation with the Administrative Agent, (<u>viii</u>) any

applicable Minimum Exchange Tender Condition shall be satisfied and (<u>ix</u>) such Permitted Debt

Exchange Notes shall not be guaranteed by any Person other than a Guarantor or be secured by

any assets of the Borrower or any Subsidiary not constituting Collateral.Notwithstanding

anything to the contrary herein, no Lender shall have any obligation to agree to have any of its

Loans or Commitments exchanged pursuant to any Permitted Debt Exchange Offer.

(b)With respect to all Permitted Debt Exchanges effected by Borrower pursuant

to this *Section 2.23*, (i) such Permitted Debt Exchanges (and the cancellation of the exchanged

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Term Loans in connection therewith) shall not constitute voluntary or mandatory payments or

prepayments for purposes of *Sections2.8* and *2.9* and (<u>ii</u>)Borrower may at its election specifyas

a condition (a "*<u>Minimum Exchange Tender Condition</u>*") to consummatingany such Permitted

Debt Exchange that a minimum amount (to be determined and specified in the relevant Permitted

Debt Exchange Offer in Borrower's discretion) of Term Loans be tendered.

(c)In connection with each Permitted Debt Exchange, Borrower shall provide

the Administrative Agent at least ten Business Days' (or such shorter period as may be agreed by

the Administrative Agent) prior written notice thereof, and Borrower and the Administrative

Agent, acting reasonably, shall mutually agree to such procedures as may be necessary or

advisable to accomplish the purposes of this *Section 2.23* and without conflict with *Section*

*2.23(d)*; *provided* that the terms of anyPermitted Debt Exchange Offer shall provide that the date

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by which the relevant Lenders are required to indicate their election to participate insuch

PermittedDebtExchangeshallbenotlessthantenBusinessDaysfollowingthedateon

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whichthePermittedDebtExchangeOfferismade(orsuchshorterperiodasmaybeagreedtoby

the Administrative Agent in its reasonable discretion).

(d)Borrower shall be responsible for compliance with, and herebyagrees to

comply with, all applicable securities and other laws in connection with each Permitted Debt

Exchange, it being understood and agreed that (<u>x</u>) neither the Administrative Agent nor any

Lender assumes any responsibility in connection with Borrower's compliance with such laws in

connection with any Permitted Debt Exchange (other than Borrower's reliance on any certificate

delivered by a Lender pursuant to *Section 2.23(a)* above for which such Lender shall bear sole

responsibility) and (<u>y</u>) each Lender shall be solely responsible for its compliance with any

applicable "insider trading" laws and regulations to which such Lender may be subject under the

Exchange Act, as amended.

***Section 2.24Specified Refinancing Facilities****.*

(a)The Borrower may, from time to time, add one or more new term loan

facilities (the "*<u>Specified Refinancing Term Loan Facilities</u>*") and new revolving credit facilities

(the "*<u>Specified Refinancing Revolving Facilities</u>*, and, together with the Specified Refinancing

Term Loan Facilities, the "*<u>Specified Refinancing Facilities</u>*") to the Facilities to refinance (i) all

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or any portion of any Tranche of Term Loans then outstanding under this Agreement or (<u>ii</u>) all or

any portion of any Tranche of Revolving Loans (or unused Revolving Credit Commitments)

under this Agreement; *provided* that (i) the Specified Refinancing Facilities will not be

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guaranteed by any Person other than the Guarantors, and will be secured on a pari passu or (at

the Borrower's option) junior basis by the same or lesser Collateral securing the Obligations (so

long as any applicable Specified Refinancing Facilities (and related Obligations) are, in the case

of junior specified debt, incurred pursuant to a separate credit agreement and are subject to the

Intercreditor Agreement or an Other Intercreditor Agreement), (<u>ii</u>) the Specified Refinancing

Term Loan Facilities and any term loans drawn thereunder (the "*<u>Specified Refinancing Term</u>*

*<u>Loans</u>*") and Specified Refinancing Revolving Facilities and revolving loans drawn thereunder

(the "*<u>Specified Refinancing Revolving Loans</u>*" and, together with the Specified Refinancing Term

Loans, the "*<u>Specified Refinancing Loans</u>*") shall rank pari passu in right of payment with or (at

the Borrower's option) junior to the Obligations, (<u>iii</u>) no Specified Refinancing Amendment may

provide for any Specified Refinancing Facility or any Specified Refinancing Loans to be secured

byanyCollateralorotherassetsofanyLoanPartythatdonotalsosecuretheObligations,

(<u>iv</u>)theSpecifiedRefinancingFacilitieswillhavesuchpricing,amortization(subjectto*clause*

*(vi)* below) and optional and mandatory prepayment terms as may be agreed by the Borrower and

the applicable Lenders thereof, (<u>v</u>) the maturity date of any Specified Refinancing Revolving

Facility shall be no earlier than, and no scheduled mandatory commitment reduction in respect

thereof shall be required prior to, the scheduled maturity date of the Tranche of Revolving Loans

being refinanced,(<u>vi</u>) thematurity dateand the weighted average life to maturity ofany

Specified Refinancing Term Loan Facility shall be no earlier than or shorter than, as the case

may be, the scheduled maturity date of the Tranche of Term Loans being refinanced or the

remaining weighted average life to maturity of the Term Loans being refinanced, as applicable

(otherthan an earlier maturity date and/or shorter weighted average life to maturity for

customary bridge financings, which, subject to customary conditions, would either be

automatically converted into or required to be exchanged for permanent financing which does not

provide for an earlier maturity date or a shorter weighted average life to maturity than the

scheduled maturity date of the Tranche of Term Loans being refinanced or the remaining

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weighted average life to maturity of the Term Loans being refinanced, as applicable), (<u>vii</u>) the

NetCashProceedsofsuchSpecifiedRefinancingFacilityshallbeapplied,substantially

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concurrently with the incurrence thereof, to the pro rata prepayment of outstanding Loans being

so refinanced (and, in the case of RevolvingLoans, a corresponding amount of RevolvingCredit

Commitments shall be permanently reduced), in each case pursuant to *Section 2.9(a)(iii)(B)*; and

(<u>viii</u>) the Specified Refinancing Facilities shall not have a principal or commitment amount

greater than the Loans or Commitments being refinanced plus the aggregate amount of all fees,

premiums and other costs and expenses incurred in connection with such refinancing.

(b)Each request from the Borrower pursuant to this *Section 2.24* shall setforth

the requested amount and proposed terms of the relevant Specified Refinancing Facility.The

SpecifiedRefinancingFacilities(oranyportionthereof)maybemadebyanyexisting

Lender or by any other bank or financial institution (any such bank or other financial institution,

an "*<u>Additional Specified Refinancing Lender</u>*", and the Additional Specified Refinancing Lenders

togetherwithanyexistingLenderprovidingSpecifiedRefinancingFacilities,the"*<u>Specified</u>*

*<u>Refinancing</u><u>Lenders</u>*");*provided*thatifsuchAdditionalSpecifiedRefinancingLenderisnot

alreadyaLenderhereunderoranAffiliateofaLenderhereunderoranApprovedFund,the

consentoftheAdministrativeAgentand(inthecaseofaSpecifiedRefinancingRevolving

Facility) the consent of any Issuer (in each case, such consent not to be unreasonably withheld or

delayed) shall be required (it being understood that any such Additional Specified Refinancing

Lender that is an Affiliated Lender shall be subject to the provisions of *Section 11.2(l)*, *mutatis* 

*mutandis*, to the same extent as if such Specified Refinancing Facilities and related Obligations

had been obtained by such Lender by way of assignment).

(c)Specified Refinancing Facilities shall become Facilities under this

Agreement pursuant to a Specified Refinancing Amendment to this Agreement and, as

appropriate, the other Loan Documents, executed by the Borrower and each applicable Specified

Refinancing Lender.Any Specified Refinancing Amendment may, without the consent of any

other Lender, effect such amendments to any Loan Documents as may be necessary or

appropriate, in the opinion of the Borrower and the Administrative Agent, to effect the

provisions of this *Section 2.24*, in each case on terms consistent with this *Section 2.24*.

(d)Any loans made in respect of any such Specified Refinancing Facility shall

be made by creating a new Tranche.Each Specified Refinancing Facility made available

pursuant to this *Section 2.24*shall be in a minimum aggregate amount of at least $10,000,000

and in integral multiples of $5,000,000 in excess thereof (or, such lower minimum amounts or

multiples as agreed to by the Administrative Agent in its reasonable discretion).Any Specified

Refinancing Amendment with respect to a Specified Refinancing Revolving Facility may provide

for the issuance of Letters of Credit for the account of the Borrower or any Restricted Subsidiary;

*provided* that no Issuer shall be obligated to provide any such Letters of Credit unless it has

consented (in its sole discretion) to the applicable Specified Refinancing Amendment.

(e)The Administrative Agent shall promptly notify each Lender as to the

effectiveness of each Specified Refinancing Amendment.Each of the parties hereto hereby

agrees that, upon the effectiveness of any Specified Refinancing Amendment, this Agreement

shall be deemed amended to the extent (but only to the extent) necessary or appropriate to reflect

the existence and terms of the Specified Refinancing Facilities incurred pursuant thereto

(including the addition of such Specified Refinancing Facilities as separate "Facilities" and

"Tranches" hereunder and treated in a manner consistent with the Facilities being refinanced,

including for purposes of prepayments and voting).Any Specified Refinancing Amendment

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may, without the consent of any Person other than the Borrower, the Administrative Agent (such

consent not to be unreasonably withheld, delayed or conditioned) and the Lenders providing such

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Specified Refinancing Facilities, effect such amendments to this Agreement and the other Loan

Documents as may be necessary or appropriate, in the reasonable opinion of the Administrative

Agent and the Borrower, to effect the provisions of this *Section 2.24*.In addition, if so provided

in the relevant Specified Refinancing Amendment and with the consent of each Issuer (not to be

unreasonably withheld, delayed or conditioned), participations in Letters of Credit expiring on or

after the scheduled maturity date in respect of the respective Tranche of Revolving Loans or

Commitments shall be reallocated from Lenders holding Revolving Commitments to Lenders

holding commitments under Specified Refinancing Revolving Facilities in accordance with the

terms of such Specified Refinancing Amendment; *provided*, however, that such participation

interests shall, upon receipt thereof by the relevant Lenders holding commitments under such

Specified Refinancing Revolving Facilities, be deemed to be participation interests in respect of

such commitments under such Specified Refinancing Revolving Facilities and the terms of such

participation interests (including the commission applicable thereto) shall be adjusted

accordingly.

**ARTICLEIII**

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**ConditionsToLoansAndLettersOfCredit**

***Section 3.1Conditions Precedent to Initial Term Loans****.*The obligation of each

Lender to make the Initial Term Loans requested to be made by it and to make Initial Revolving

Loans (if any) on the Closing Date and the obligation of each Issuer to Issue Letters of Credit

hereunder shall not become effective until the date (the "*<u>Closing Date</u>*") on which each of the

following conditions precedent is satisfied or duly waived in accordance with *Section 11.1*):

(a)*CertainDocuments*.TheAdministrativeAgentshallhavereceivedonor

prior to the Closing Date substantially concurrently with the satisfaction of the other conditions

each of the following, each dated the Closing Date unless otherwise indicated or agreed to by the

Administrative Agent:

(i)thisAgreement,dulyexecutedanddeliveredbyBorrowerand

Holdings;

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(ii)theGuaranty,dulyexecutedanddeliveredbyeachGuarantor

<u>(other than Parent)</u>;

(iii)thePledgeandSecurityAgreement,dulyexecutedanddelivered by

each Loan Party, together with each of the following:

(A)evidence reasonably satisfactory to the Administrative Agent

that, upon the filing and recording of instruments delivered on the Closing Date,

the Administrative Agent (for the benefit of the applicable Secured Parties) shall

have a valid and perfected first priority security interest in the Collateral to the

extent provided in the Collateral Documents (subject to Liens on the applicable

assets otherwise permitted hereby and thereby), including such documents duly

executed by each such Loan Party as the Administrative Agent may request with

respect to the perfection of its security interests in theCollateral (including

financing statements under the UCC and copyright security agreements suitable

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for filing with the United States Copyright Office or, with respecttotrademarks

andpatents,notificationsandconfirmationsofgrantsof

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security interest suitable for filing with the United States Patent and Trademark

Office), as the case may be, and other applicable documents with respect to the

(B)share certificates representing all certificated Pledged Stock

being pledged pursuant to such Pledge and Security Agreement, to the extent

deliverable, and stock powers for such share certificates executed inblank; and

(C)Combined Affiliate Promissory Notes, and instruments of

transfer for such Combined Affiliate Promissory Notes executed in blank;

(iv)a favorable opinion of (<u>A</u>) Debevoise & Plimpton LLP, special New

York counsel to the Loan Parties as to such matters as reasonably requested by the

Administrative Agent, in form and substance reasonably acceptable to the Administrative

Agent and (<u>B</u>) Richards, Layton & Finger, P.A., special Delaware counsel as to such

matters as reasonably requested by the Administrative Agent, in form and substance

reasonably acceptable to the Administrative Agent;

(v)a certificate dated as of a recent date fromthe Secretary of State of

the jurisdiction of organization of each Loan Party attesting to the good standing of each

such Loan Party;

(vi)a copy of the Constituent Document of each Loan Party,certified (if

appropriate in such jurisdiction) as of a recent date by the Secretary of State of the state

of organization (or other appropriate official) of such Loan Party;

(vii)a certificate of the Secretary or an Assistant Secretary (or

other appropriate officer) of each Loan Party certifying (<u>A</u>) the names and true

signatures of each officer of such Loan Party or other authorized signatory that has been

authorized to execute and deliver any Loan Document or other document required

hereunder to be executed and delivered by or on behalf of such Loan Party, (<u>B</u>) the by-

laws (orequivalent Constituent Document) of such Loan Party as in effect on the date of

such certification, (<u>C</u>) the resolutions of such Loan Party's Board of Directors (or

equivalent governing body) approving and authorizing the execution, delivery and

performance of this Agreement and the other Loan Documents to which it is a party and

(<u>D</u>) that there have been no changes in the certificate of incorporation (or equivalent

Constituent Document) of such Loan Party from the certificate of incorporation (or

equivalent Constituent Document) delivered pursuant to this *clause (vii)*;

(viii)a certificate of the chief financial officer of the Borrower in

the form of *Exhibit T* certifying as to the Solvency, after giving effect to the Transactions

of the Borrower and its Subsidiaries on a combined basis;

(ix)a certificate of a Responsible Officer of Borrower certifying that

substantially concurrently with the consummation of the Transactions the conditions set

forth in *Section 3.1(d)* have been satisfied or waived; and

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(x)a duly executed Notice of Borrowing and, with respect to any Letter

of Credit, the Administrative Agent and the applicable Issuer shall have received a duly

executed Letter of Credit Request.

(b)The Lenders shall have received audited consolidated balance sheets and

related consolidated statements of operations and cash flows of Borrower and its Subsidiaries for

the fiscal years ended December 31, 2018 and December 31, 2019.The Administrative Agent

hereby acknowledges receipt of such financial statements.

(c)*Fees Paid*.There shall have been paid to the Administrative Agent, for the

account of the Administrative Agent, the Joint Lead Arrangers and the Lenders, asapplicable, all

fees required to be paid on or before the Closing Date pursuant to this Agreement and the Fee

Letter.

(d)*Transactions.*The Existing Credit Facilities Refinancing Date Transactions

shall be consummated substantially concurrently with the Closing Date.

(e)[Reserved].

(f)*Other Indebtedness*.Immediately following the Transactions, neither

Holdings nor any of its Subsidiaries will have any outstanding third-party debt for borrowed

money other than the Facilities, existing Indebtedness listed on *Schedule 8.1* or that Holdings has

requested to be permitted to remain outstanding with the approval of the Committed Lenders (not

to be unreasonably withheld), and, at the option of Holdings, any Financing Leases existing on

the Closing Date or otherwise permitted to be incurred and to remain outstanding on the Closing

Date.

(g)*Lien Searches*.The Administrative Agent shall have received the results of

customary lien and judgment searches made with respect to each Loan Party and requested by the

Administrative Agent at least 30 days prior to the Closing Date.

(h)[Reserved].

(i)*Patriot Act*.The Administrative Agent shall have received at least three

Business Days prior to the Closing Date all documentation and information reasonably requested

in writing by the Administrative Agent, at least 10 calendar days prior to the Closing Date, about

the Borrower and Guarantors required by U.S. regulatory authorities under applicable "know

your customer" and anti-money laundering rules and regulations, including without limitation the

PATRIOT Act and the CDD Rule.

(j)[Reserved].

Notwithstanding anything to the contrary in *Section (a)(iii)* above, to the extent any Collateral or

any security interest therein (other than the United States pledge and perfection of security

interests in pledged certificated stock of the Borrower and its Domestic Subsidiaries (including

the delivery of such share certificates) to the extent required under the Collateral Documents and

other assets pursuant to which a lien may be perfected by the filing of a financing statement

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under the UniformCommercial Code) is not provided and/or perfected on the Closing Date after

the applicable Loan Party's use of commercially reasonable efforts to do so, the delivery of such

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Collateral (and/or the perfection of security interests therein) shall not constitute a condition

precedent to the availability of the Facilities on the Closing Date but shall be required to be

delivered and perfected after the Closing Date (and in any event, in the case of the delivery and

perfection of United States Collateral not otherwise required on the Closing Date, within 90 days

after the Closing Date plus any extensions granted by the Administrative Agent in its sole

discretion) pursuant to arrangements to be mutually agreed.

***Section3.2ConditionsPrecedenttoEachLoanandLetterofCredit****.*The

obligation of each Lender on any date to make any Loan and of each Issuer on any date to Issue

any Letter of Credit is subject to the satisfaction of each of the following conditions precedent:

(a)*Request for Borrowing or Issuance of Letter of Credit*.With respect to any

Loan, the Administrative Agent shall have received a duly executed Notice of Borrowing and,

with respect to any Letter of Credit, the Administrative Agent and the applicable Issuer shall have

received a duly executed Letter of Credit Request.

(b)*RepresentationsandWarranties;NoDefaults*.Thefollowingstatements

shall be true on the date of such Loan or Issuance (other than an initial Loan or Issuance pursuant

to an Incremental Facility established in connection with a Limited Condition Transaction), both

before and after giving effect thereto and, in the case of any such Loan, to the application of the

proceeds therefrom:

(i)the representations and warranties set forth in *Article IV* and in the

other Loan Documents shall be true and correct in all material respects on and as of the

date of such extension of credit, except to the extent such representations and warranties

expressly relate to an earlier date, in which case such representation and warranties shall

have been true and correct in all material respects as of such earlier date; and

(ii)no Default or Event of Default shall have occurred and be

continuing or would result therefrom.

Each submission by Borrower to the Administrative Agent of a Notice of Borrowing and the

acceptance by such Borrower of the proceeds of each Loan requested therein, and each

submission by Borrower to an Issuer of a Letter of Credit Request, and the Issuance of each

Letter of Credit requested therein, shall be deemed to constitute a representation and warranty by

Holdings and Borrower as to the matters specified in *clause (b)* above on the date of the making

of such Loan or the Issuance of such Letter of Credit.

***Section 3.3Determinations of Initial Borrowing Conditions****.*For purposes of

determining compliance with the conditions specified in *Section 3.1*, each Lender shall be

deemed to have consented to, approved, accepted or be satisfied with, each document or other

matter required thereunder to be consented to or approved by or acceptable or satisfactory to the

Lenders unless an officer of the Administrative Agent responsible for the transactions

contemplated by the Loan Documents shall have received written notice fromsuch Lender prior

to the initial Borrowing or Issuance hereunder specifying its objection thereto and such Lender

shall not have made available to the Administrative Agent such Lender's Ratable Portion of such

Borrowing.

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***Section 3.4Additional Conditions to Issuances****.* In addition to the other conditions

precedent herein set forth, if any Lender becomes, and during the period it remains, a Defaulting

Lender, the Issuers will not be required to Issue any Letter of Credit or to amend any outstanding

Letter of Credit to increase the face amount thereof, alter the drawing terms thereunder or extend

the expiry date thereof, except to the extent any exposure that would result therefrom is

eliminated or fully covered by the reallocation of the Revolving Credit Commitments of the

Non-Defaulting Lenders or by Cash Collateralization as set forth in *Section 2.19* and *Section*

*2.20*.

**ARTICLE IV** 

**Representations And Warranties**

ToinducetheLenders,theIssuersandtheAdministrativeAgenttoenterinto

this Agreement, Borrower represents and warrants each of the following to the Lenders, the

Issuers and the Administrative Agent, on and as of the Closing Date, after giving effect to the

making of the Loans and the other financial accommodations on the ClosingDate, and on and as

of each date as required by *Section 3.2(b)(i)*:

***Section 4.1Organization,GoodStanding,Power,Etc.***EachLoanParty(<u>a</u>) is

validly existing and in good standing (if applicable) under the laws of the jurisdiction of its

organization except where, with respect to a Loan Party other than the Borrower or any

Subsidiary Guarantor that is a Significant Subsidiary, the failure to be in good standing would

not have or reasonably be expected to have a Material Adverse Effect in the aggregate over all

such failures, (<u>b</u>) has all requisite power and authority and the legal right to own, pledge,

mortgage and operate its properties, to lease the property it operates under lease and to conduct

its business as now or currently proposed to be conducted, except where the failure to have such

legal right would not be reasonably expected to have a Material Adverse Effect and (<u>c</u>) is in

compliance with its Constituent Documents, except where failure to comply would not be

reasonably expected to have a Material Adverse Effect.

***Section 4.2Capitalization of the Loan Parties***.Schedule 4.2 sets forth a complete

and accurate list showing, as of the Closing Date, all Subsidiaries of Borrower and, as to each

such Subsidiary, the jurisdiction of its organization, the number of shares of each class of Stock

outstanding and the number and percentage of the outstanding shares of each such class owned

(directly or indirectly) by Borrower.

***Section 4.3CorporatePower; Authorization; Enforceable Obligations***.

(a)Theexecution,deliveryandperformancebyeachLoanPartyoftheLoan

Documents to which it is a party and the consummation of the transactions contemplated thereby:

(i)are within such Loan Party's corporate, limited liability company,

partnership or other powers;

(ii)havebeenor,atthetimeofdeliverythereofpursuantto *Article*

*III* will have been duly authorized by all necessary corporate, limited liability,

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partnership or other similar action, including the consent of shareholders, partners and

members where required;

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(iii)do not and will not (<u>A</u>)contravene such Loan Party's or any of its

Restricted Subsidiaries' respective Constituent Documents in any respect to a Loan Party

other than the Borrower or any Subsidiary Guarantor that is a Significant Subsidiarythat

wouldreasonablybeexpectedtohaveaMaterialAdverseEffect,

(<u>B</u>) violate any other Requirement of Law applicable to such Loan Party (including

Regulations T, U and X of the Federal Reserve Board), or any order or decree of any

Governmental Authority or arbitrator applicable to such Loan Party in any respect that

would reasonably be expected to have a Material Adverse Effect, (<u>C</u>) conflict with or

result in the breach of, or constitute a default under, or result in or permit the termination

or acceleration of, any material Contractual Obligation of such Loan Party or any of its

Restricted Subsidiaries in any respect that would reasonably be expected to have a

Material Adverse Effect or (<u>D</u>) result in the creation or imposition of any Lien upon any

property of such Loan Party or any of its Restricted Subsidiaries, other than those in

favor of, or collaterally assigned to, the Secured Parties, as the case may be, pursuant to

the Collateral Documents; and

(iv)do not require the consent of, authorization by, approval of, notice

to, or filing or registration with, any Governmental Authority or any other Person, other

than (<u>A</u>) those that have been or will be, prior to the Closing Date, obtained or made, and

each of which on the Closing Date will be in full force and effect, (<u>B</u>) with respect to the

(<u>C</u>) those the failure of which to obtain could not reasonably be expected to result in a

Material Adverse Effect.

(b)This Agreement has been, and each of the other Loan Documents will have

been upon delivery thereof pursuant to the terms of this Agreement, duly executed and delivered

by each Loan Party party thereto.This Agreement is, and the other Loan Documents will be,

when delivered hereunder, the legal, valid and binding obligation of each Loan Party party

thereto, enforceable against such Loan Party in accordance with its terms subject only to

applicable laws relating to (i) bankruptcy, insolvency, reorganization, moratorium or creditors'

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rights generally and (<u>ii</u>) general equitable principles including the discretion that a court may

exercise in the granting of equitable remedies.

***Section 4.4FinancialStatements and Other Information***.

(a)the audited consolidated balance sheets of the Borrower and its Subsidiaries

as of December 31, 2018 and December 31, 2019, and the related audited consolidated

statements of operations and cash flows for the years then ended, copies of which have been

furnished to the Lenders, fairly present in all material respects the combined financial condition

of the Borrower and its Subsidiaries as at such dates and the combined results of the operations

of the Borrower and its Subsidiaries for the period ended on such dates in conformity with

GAAP.

(b)As of the Closing Date other than as set forth on Schedule 4.4, no Loan

Party has any material obligation, contingent liability or liability for taxes, long-term leases or

unusual forward or long-term commitment that is not reflected in the Financial Statements

referred to in *Section 3.1(b)* above or in the notes thereto or otherwise permitted by this

Agreement.

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***Section 4.5Material Adverse Effect****.*Since December 31, 2019, there has been no

Material Adverse Effect.

***Section 4.6Taxes****.*To the knowledge of Borrower and other than in respect of any

such (i) Taxes that would not, in the aggregate, reasonably be expected to have a Material

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Adverse Effect or (<u>ii</u>) Taxes the amount or validity of which are currently being contested in

good faith and by appropriate proceedings if adequate reserves have been established on the

books of such Agilon Restricted Entity or such Tax Affiliate in conformity with GAAP:

(a)all material U.S. federal, state, local and foreign tax returns, reports and

statements required to be filed by each Agilon Restricted Entity or any of its Tax Affiliates have

been filed with the appropriate Governmental Authorities and (i) all Taxes shown to be due and

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payable therein have been paid prior to the date when due and (<u>ii</u>) all Taxes shown to be due and

payable on anyassessments of which it has received notice made against it or any of its property

and all other Taxes imposed on it or any of its property by any Governmental Authority; and

(b)no Tax Liens, other than Liens permitted under *Section 8.2*, have been filed,

and no claim is being asserted in writing, with respect to any such Taxes.

***Section 4.7Real Property***.

(a)As of the Closing Date, *Schedule 4.7(a)*sets forth a complete list of each real

property owned by any Agilon Restricted Entity (each, an "*<u>Owned Real Property</u>*") that is a

Material Real Property, and *Schedule 4.7(b)* sets forth a complete list of all Material Leases.

(b)Each of the Material Leases is in full force and effect except where the

failure to be in full force and effect would not reasonably be expected to have a Material Adverse

Effect.

(c)AsoftheClosingDate,exceptasdisclosedin*Schedule4.7(a)*,Borrower and

its Restricted Subsidiaries have good and valid fee simple title to all Owned Real Properties and

all buildings, structures and other improvements located thereon, free and clear of all Liens, other

than Liens permitted under *Section 8.2*, except where the failure to have such title wouldnot

reasonably be expected to have a Material Adverse Effect.

(d)As of the Closing Date, except as disclosed in *Schedule 4.7(b)*, either

Borrower or a Restricted Subsidiary thereof has a valid, binding and enforceable leasehold

interest in and to the properties and (to the extent provided for under the terms of the applicable

Material Leases) all buildings, structures or other improvements located thereon pursuant to such

Material Leases, free and clear of all Liens, except Liens permitted under *Section 8.2*, except

where the failure to have such interest would not reasonably be expected to have a Material

Adverse Effect.

(e)All of the buildings, fixtures and improvements included on or in any

Material Real Property or any property subject to a Material Lease are in satisfactory condition

and repair for the continued use of such Material Real Property or such property subject to a

Material Lease, as applicable, in the ordinary course of business consistent with past practices,

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except where the failure of such condition and repair would not reasonably be expected to have a

Material Adverse Effect.

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***Section 4.8[Reserved]***.

***Section 4.9Intellectual Property Rights****.*Except as set forth on *Schedule 4.9*, the

Loan Parties own or otherwise have the legal right to use all United States patents, patent

applications, trademarks, trademark applications, service marks, trade names, copyrights,

copyright applications, trade secrets, know-how and other intellectual property rights that are

material to the business of Borrower and its Restricted Subsidiaries as currently conducted, taken

as a whole, except in each case for those circumstances where the failure to own or have such

legal right to use would not be reasonably expected to have a Material Adverse Effect, and to

each Loan Party's knowledge no current use of the foregoing intellectual property by Borrower

or any of its Restricted Subsidiaries infringes upon, misappropriates or dilutes any intellectual

property rights owned by any other Person, and no claim or litigation regarding any of the

foregoing is pending or threatened against any Loan Party, except in each case for those

circumstances where such use, claim or litigation would not be reasonably expected to have a

Material Adverse Effect.

***Section 4.10Litigation***.

(a)No litigation, investigation or proceeding of or before any arbitrator or

Governmental Authority is pending or, to the knowledge of Borrower, threatened by or against

the Borrower or any of its Restricted Subsidiaries or against any of their respective properties or

revenues, (<u>x</u>) except as described on *Schedule 4.10*, which is so pending or threatened at any time

on or prior to the Closing Date and relates to any of the Loan Documents or any of the

transactions contemplated thereby or (<u>y</u>) which would be reasonably expected to have a Material

Adverse Effect.

(b)The performance by any Agilon Restricted Entity of its obligationsunder

any Loan Document is not restrained or enjoined (either temporarily, preliminarily or

permanently) by any order, judgment, decree or other determination of any Governmental

Authority.

***Section 4.11Compliance with Law; Authorizations***.

(a)Each Agilon Restricted Entity (i) is in compliance with all applicable

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Requirements of Law except where the failure to be in compliance would not, in the aggregate

over all such failures, have a Material Adverse Effect and (<u>ii</u>) has all necessary licenses, permits,

consents or approvals from or by, has made all necessary filings with, and has given all necessary

notices to, each Governmental Authority having jurisdiction, to the extent required for the

ownership, operation and conduct of its assets and business, except for licenses, permits,

consents, approvals or filings that can be obtained or made by the taking of ministerial action to

secure the grant or transfer thereof or the failure to obtain or make would not, in the aggregate

over all such failures, have a Material Adverse Effect.

(b)To the knowledge of Holdings and Borrower, there are no Requirements of

Law applicable to any Agilon Restricted Entity the compliance with which by such Agilon

Restricted Entity, as the case may be, would have a Material Adverse Effect in the aggregate over

all such compliances.

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***Section 4.12EnvironmentalMatters***.

(a)The Agilon Entities currently have all Environmental Permits required for

the conduct of their business and have for the past three years been in compliance with such

EnvironmentalPermitsandtheotherrequirementsofEnvironmentalLaws,exceptfor

non-compliance or the failure to have a Permit which would not reasonably be expected to result,

in a Material Adverse Effect.All of such Environmental Permits are in full force and effect, and

there are no Environmental Claims pending or, to the knowledge of Holdings and Borrower,

threatened which could result in the revocation, cancellation or suspension of any such Permits,

except where such revocation, cancellation or suspension would not reasonably be expected to

result in a Material Adverse Effect.

(b)None of the Agilon Restricted Entities has received any written notice from

any Governmental Authority or other third party with respect to any violation of or any liability

(including any liability with respect to a Release) as of the date on which this representation is

given or repeated under any Environmental Laws that, in either case, or would reasonably be

expected to result in a Material Adverse Effect.

(c)No real property owned or leased by any of the Agilon Restricted Entities

contains or, to the knowledge of Holdings and Borrower, has ever contained any underground

storage tanks, surface impoundments, pits, sumps, septic tanks or lagoons containing any

Contaminant, the presence of which are in violation of Environmental Laws or in relation to

which Releases have occurred, which violation or Release would reasonably be expected to

result in a Material Adverse Effect.

(d)None of the Agilon Restricted Entities has received any written notice,

claim, or request for information relating to any third-party location or waste disposal site

alleging that any Agilon Restricted Entity is or may be liable to any Person or Governmental

Authority in connection with Environmental Matters relating to or arising from any such location

or site and, to the knowledge of Holdings and Borrower, there are no circumstances that are

reasonably likely to lead to the service of any such written notice, except where such notice,

claim or request for information would not reasonably be expected to result in a Material

Adverse Effect.

(e)No Contaminant has been Released by any of the Agilon Restricted Entities

or, to the knowledge of Borrower, by any other party, at any of the real property owned or leased

by any of the Agilon Restricted Entities in violation of Environmental Laws or in relation to

which Remedial Actions are or would be required, which in either case, would reasonably be

expected to have resulted in a Material Adverse Effect.

(f)As of the Closing Date, no Environmental Lien has attached to any Material

Real Property of any Agilon Restricted Entity, and to the knowledge of Holdings and Borrower,

no facts, circumstances or conditions exist that would reasonably be expected to result in any

Environmental Lien attaching to any such property, other than those that would not reasonably be

expected to have a Material Adverse Effect.

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(g)To the knowledge of Holdings and Borrower, except as disclosed to the

Lender, there are no facts, circumstances or conditions arisingout of or relatingto the operations

orownershipofeachAgilonRestricted Entity orofrealproperty owned, operated orleased by

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each Agilon Restricted Entity or any of its Subsidiaries that would result in Environmental

Liabilities and Costs other than those that would not reasonably be expected to have a Material

Adverse Effect.

(h)Borrower has made available to the Administrative Agent copies of all

environmental, health or safety audits, studies, assessments, inspections, investigations or other

environmental health and safety reports identifying issues that would reasonably be expected to

have a Material Adverse Effect relating to the operations of each Agilon Restricted Entityor any

real property of any of them, that are in the possession, custody or control of each Agilon

Restricted Entity as of the Closing Date.

***Section 4.13Labor Matters***.

(a)There are no strikes, workstoppages, slowdowns or lockouts pending or

threatened against or involving any Agilon Restricted Entity, other than those that, in the

aggregate over all such strikes, work stoppages, slowdowns or lockouts, would not have a

Material Adverse Effect.

(b)Except as set forth on *Schedule 4.13(b)*, there are no unfair labor practices,

grievances or complaints pending, or, to any Agilon Restricted Entity's knowledge, threatened,

againstorinvolvinganyAgilonRestrictedEntity,nor,totheknowledgeofBorrower, are there

any arbitrations or grievances threatened involving any Agilon Restricted Entity, ineach case,

that could reasonably be expected to result in a Material Adverse Effect.

(c)Except as set forth on *Schedule 4.13(c)*, as of the Closing Date, there is no

collective bargaining agreement covering any employee of any Agilon Restricted Entity.

***Section 4.14ERISA Matters***.

(a)*Schedule 4.14* separately identifies as of the Closing Date all Title I Plans,

material Foreign Plans and all Multiemployer Plans.

(b)Except as would not reasonably be expected to have a Material Adverse

Effect, (i) each Plan intended to be qualified under Section 401(a) of the Code, or applicable law

and the trust (if any) forming a part thereof, has received a favorable determination letter from

the IRS (if applicable) and, to the knowledge of Borrower, there are no existingcircumstances or

events that would be expected to adversely affect the qualified status of any plan and (ii) each

Title IV Plan is in compliance with applicable provisions of ERISA, the Code and other

Requirements of Law.

(c)No ERISA Event has occurred, nor is any ERISA Event reasonably expected

to occur, other than those that, in the aggregate, would not have a Material Adverse Effect.

(d)There are no Unfunded Pension Liabilities, except for such liabilities that, in

the aggregate, would not have a Material Adverse Effect.

(e)Each Foreign Plan of Holdings, Borrower or any of their Subsidiaries is in

compliance with all requirements of law applicable thereto and the respective requirements of the

governingdocumentsforsuchplan,exceptas,intheaggregate,wouldnothaveaMaterial

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Adverse Effect.With respect to each Foreign Plan, none of Holdings, Borrower, any of their

Subsidiaries or any of their Affiliates or any of their respective directors, officers, employees or

agents has engaged in a transaction which would subject Holdings, Borrower or any of their

Subsidiaries, directly or indirectly, to penalty which, individually or in the aggregate, could

reasonably be expected to result in a material liability to an Agilon Restricted Entity.With

respect to each Foreign Plan, reserves have been established in the financial statements furnished

to Lenders in respect of any Unfunded Pension Liabilities to the extent required by applicable

law or, where required, in accordance with ordinary accounting practices in the jurisdiction in

which such Foreign Plan is maintained.

***Section 4.15Full Disclosure***.

(a)As of the Closing Date, the written information (other than the Projections

and information of a general economic or general industry nature) that has been made available

by or on behalf of each Loan Party to the Lenders in connection with the negotiation of any Loan

Document or included therein or delivered pursuant thereto, taken as a whole, was, when

furnished, correct in all material respects and did not, when furnished, contain any untrue

statement of a material fact or omit to state a material fact necessary in order to make the

statements contained therein not materially misleading in light of the circumstances under which

such statements were made (after giving effect to all supplements thereto at or prior to the

making of such representation).

(b)AsoftheClosingDate,theProjectionsthathavebeenmadeavailableby or

on behalf of each Loan Party to the Lenders in connection with the negotiation of any Loan

Document or included therein or delivered pursuant thereto have been prepared in good faith

based upon assumptions that such Loan Party believed to be reasonable at the time made and at

the time the related Projections were made available to the Lenders; it being understood that the

Projections were as to future events and are not to be viewed as facts and that actual results

during the period or periods covered by any such Projections may differ significantly from the

projected results and such differences may be material.

***Section 4.16Use of Proceeds****.*The proceeds of the Initial Term Loans made on the

Closing Date will be used solely to finance the Existing Credit Facilities Refinancing Date

Transactions and the other Transactions, including payment of the Promissory Note at the times,

and in the amounts, specified therein and fees and expenses relating thereto. The Revolving

Credit Facility may be used for any of the foregoingpurposes or to provide workingcapital from

time to time for Borrower and its Subsidiaries, capital expenditures and for any other purposes

not prohibited by this Agreement.

***Section4.17Margin Regulations****.*Borrower is not engaged in the business of

extending credit for the purpose of purchasing or carrying margin stock (within the meaning of

Regulation U of the Federal Reserve Board), and no proceeds of any Borrowing will be used to

purchase or carry any such margin stock or to extend credit to others for the purpose of

purchasing or carrying any such margin stock in contravention of Regulation T, U or X of the

Federal Reserve Board.

***Section 4.18Investment Company Act; Other Regulations****.*Borrower is not an

"investment company", or a company "controlled" by an "investment company", within the

meaningoftheInvestmentCompanyAct.Borrowerisnotsubjecttoregulationunderany

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FederalorStatestatuteorregulation(otherthanRegulationXoftheFederalReserveBoard)

which limits its ability to incur Indebtedness as contemplated hereby.

***Section 4.19Solvency****.*AsoftheClosingDate,aftergivingeffecttothe

consummation of the Transactions, the Borrower and its Subsidiaries, on a consolidated basis,

are Solvent.

***Section 4.20Insurance****.*Allmaterialpoliciesofinsurance(includingallself

insurance arrangements) of any kind or nature of each Agilon Restricted Entity, including

policies of life, fire, theft, product liability, public liability, property damage, other casualty,

employee fidelity, workers' compensation andemployee health and welfare insurance, are in full

force and effect and, in the aggregate, are of a nature and provide such coverage as is sufficient

and as is customarily carried by businesses of the size and character of such Person.As of the

Closing Date, no Agilon Restricted Entity has been refused insurance for any material coverage

for which it had applied or had any policy of insurance terminated (other than at its request).

***Section 4.21No Default****.*Since the ClosingDate, no Default or Event of Default has

occurred and is continuing.

***Section 4.22Patriot Act****.*As of the Closing Date, (<u>a</u>) the Borrower and each of its

Subsidiaries is in compliance, in all material respects, with the Patriot Act.

***Section 4.23Anti-Corruption Laws and Sanctions***.The Borrower, its Subsidiaries

and (to Borrower's knowledge) their respective directors and officers are in compliance with

Anti-Corruption Laws and applicable Sanctions in all material respects.None of the Borrower,

any Subsidiary or to the knowledge of the Borrower or such Subsidiary any of their respective

directors or officers is a Sanctioned Person.No use of proceeds of any Borrowing or Letter of

Credit will knowingly be used in violation of Anti-Corruption Laws or applicable Sanctions.

**ARTICLE V** 

**Financial Covenant**

BorroweragreeswiththeLenders,eachIssuerandtheAdministrativeAgentto

thefollowingaslongasanyObligationoranyRevolvingCreditCommitmentremains

outstanding and, in each case, unless the Requisite Lenders otherwise consent in writing:

***Section 5.1Maximum Leverage Ratio.*** The Borrower shall not permit the Leverage

Ratio as of the last day of each Financial Covenant Period for which Financial Statements have

been (or have been required to be) delivered under *Section 6.1* to exceed the ratio set forth

opposite the then applicable date set forth below:

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<u>Date</u> <u>LeverageRatio</u> <br> <u>Fiscal Quarter ending March 31, 2021 anduntil (and including) the Fiscal Quarterending September 30, 2022</u> <u>4.00 to 1.00</u>

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---

| | |
|:---|:---|
| FiscalQuarterendingDecember31,2022and<br>until (and including) the Fiscal Quarter<br>ending September 30, 2023<br>| 3.00 to 1.00 |
| FiscalQuarterendingDecember31,2023and<br>until (and including) the Fiscal Quarter<br>ending September 30, 2024<br>| 5.00 to 1.00 |
| FiscalQuarterendingDecember31,2024and<br>until (and including) the Fiscal Quarter<br>ending September 30, 2025<br>| 4.25 to 1.00 |
| FiscalQuarterendingDecember31,2025and <br>for all subsequent Fiscal Quarters<br>| 3.50 to 1.00 |

---

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***Section 5.2[Reserved].***

***<u>Minimum Total</u><u>Cash</u>***<u>.</u><u>The Borrower shall not permit</u> <u>Total</u>

<u>Cash as of the end of each Business Day to be less than $50,000,000 at any</u> <u>time.</u>

***Section 5.3MinimumLiquidity.***CommencingwiththeFiscalQuarterending

March 31, 2021 and until the occurrence of a Qualifying Threshold IPO (but excluding any

Fiscal Quarter ending thereafter), the Borrower shall not (i) permit Liquidity as of the last dayof

each such Fiscal Quarter to be less than $50,000,000 and (ii) permit the amount of Revolving

Availability as of the last day of each such Fiscal Quarter to be less than $10,000,000.

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**ARTICLEVI**

**ReportingCovenants**

Borrower agrees with the Lenders, each Issuer and the Administrative Agent to

each of the following, as long as any Obligation or any Revolving Credit Commitment remains

outstanding and, in each case, unless the Requisite Lenders otherwise consent in writing:

***Section 6.1FinancialStatements****.*BorrowershallfurnishtotheAdministrative

Agent, on behalf of the Lenders, a copy of each of the following:

(a)*Quarterly Reports*.Within 50 days after the end of the first three Fiscal

Quarters of each Fiscal Year (or such longer period as would be permitted by the SEC if the

Borrower or Holdings (or any Parent Entity) were then subject to SEC reporting requirements as

a non-accelerated filer) beginning with the Fiscal Quarter ending March 31, 2021, financial

information regarding the Borrower and its Subsidiaries consisting of (<u>A</u>) consolidated unaudited

balance sheets as of the end of each quarter and (<u>B</u>) the related statements of operations for such

quarter and for that portion of the Fiscal Year ending as of the close of such quarter and cash

flow for that portion of the Fiscal Year ending as of the close of such quarter, certified by a

Responsible Officer of Borrower as fairly presenting the consolidated financial condition of

Borrower and its Subsidiaries as at the dates indicated and the results of their operations and cash

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flow for the periods indicated in accordance with GAAP (subject to the absence of footnote

disclosure and normal year-end audit adjustments and the absence of comparable balance sheets

or figures for the corresponding period in the prior Fiscal Year) together with a management's

discussion and analysis of financial information (which need not be prepared in accordance with

Item 303 of Regulation S-K of the Securities Act).Notwithstanding the foregoing, the

obligations in this Section 6.1(a) may be satisfied with respect to financial information of

Borrower and its Subsidiaries by furnishing (<u>A</u>) the applicable financial statements of Holdings

(or any Parent Entity) or (<u>B</u>) Borrower's, or Holdings' (or any Parent Entity's), as applicable,

quarterly report on Form 10-Q filed with the SEC; *provided that*, with respect to each of *clauses*

*(A)* and *(B)*, to the extent such information relates to Holdings (or a Parent Entity) and Holdings

(or such Parent Entity) has material operations separate and apart from its ownership of the

Borrower, such information is accompanied by information that explains in reasonable detail (as

determined by Borrower in good faith) the differences between the information relating to

Holdings (or such Parent Entity), on the one hand, and the information relating to Borrower and

its Subsidiaries on a standalone basis, on the other hand.

(b)*Annual Reports*.Within 100 days after the end of each Fiscal Year (or such

longer period as would be permitted by the SEC if the Borrower or Holdings (or any Parent

Entity) were then subject to SEC reporting requirements as a non-accelerated filer) beginning

with the Fiscal Year ending December 31, 2020, a copy of the consolidated balance sheet of the

Borrower as at the end of such year and the related consolidated statements of operations, equity

and cash flows for such year, setting forth, commencing with the financial statements for the

Fiscal Year ending December 31, 2020, in each case, in comparative form, the figures for and as

of the end of the previous year, reported on without a "going concern" or like qualification or

exception, or qualification arising out of the scope of the audit (*provided* that such report may

contain a "going concern" or like qualification or exception, or qualification arising out of the

scope of the audit, if such qualification or exception arises solely with respect to, results from or

arises on account of (i) an upcoming Maturity Date hereunder or any other Indebtedness Incurred

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in compliance with this Agreement, (<u>ii</u>) any potential or actual inability to satisfy any financial

maintenance covenant included in this Agreement or any other Indebtedness of the Borrower or

its Subsidiaries or (<u>iii</u>) the activities, operations, financial results, assets or liabilities of any

Unrestricted Subsidiary), by Ernst & Young LLP or other independent certified public

accountants of nationallyrecognized standing.Notwithstanding the foregoing, the obligations in

this Section 6.1(b) may be satisfied with respect to financial information of Borrower and its

Subsidiaries by furnishing (<u>A</u>) the applicable financial statements of any Parent Entity or (<u>B</u>) the

Borrower's, or Holdings' (or any Parent Entity's), as applicable, annual report on Form 10-K

filed with the SEC; *provided that*, with respect to each of *clauses (A)* and *(B)*, (<u>1</u>) to the extent

such information relates to Holdings (or a Parent Entity) and Holdings (or such Parent Entity)

has material operations separate and apart from its ownership of the Borrower, such information

is accompanied by information that explains in reasonable detail (as determined by Borrower in

good faith) the differences between the information relating to Holdings (or such Parent Entity),

on the one hand, and the information relating to Borrower and its Subsidiaries on a standalone

basis, on the other hand and (<u>2</u>) to the extent such information is in lieu of information required

to be provided pursuant to this Section 6.1(b), such materials are accompanied by an opinion of

Ernst & Young LLP or other independent registered public accounting firm of nationally

recognized standing, which opinion shall not be qualified as to the scope of audit or as to

Holdings (or such Parent Entity) and its Subsidiaries as a going concern (*provided* that such

report may contain a "going concern" or like qualification or exception, or qualification arising

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out of the scope of the audit, if such qualification or exception arises solely with respect to,

resultsfromorarisesonaccountof(i) anupcomingMaturityDatehereunderoranyother

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Indebtedness Incurred in compliance with this Agreement, (<u>ii</u>) any potential or actual inability to

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satisfy any financial maintenance covenant included in this Agreement or any other Indebtedness

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of the Borrower or its Subsidiaries or (<u>iii</u>) the activities, operations, financial results, assets or

liabilities of any Unrestricted Subsidiary).

(c)*Compliance Certificate*.<u>(A)</u> Together with each delivery of any Financial

Statement pursuant to *clause (a)* or *(b)* above, a certificate of a Responsible Officer of Borrower

in substantially the form of *Exhibit W*or such other form as may be agreed between the Borrower

and the Administrative Agent (each, a "*<u>Compliance Certificate</u>*") (i) commencing with the Fiscal

Quarter ending March 31, 2021 showing in reasonable detail the calculations used in determining

the Leverage Ratio and demonstrating compliance with the financial covenant<u>s</u>contained in

*Article V* that are tested on a quarterly basis; (<u>ii</u>) showing the name of each Subsidiary that first

qualified as a Loan Party during such Financial Covenant Period; (<u>iii</u>) in connection with each

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delivery of a Financial Statement pursuant to *clause (b)* above for theFiscal Year ending

December 31, 2022 and each Fiscal Year ending thereafter, if the Leverage Ratio as of the last

day of such Fiscal Year was greater than or equal to 2.50 to 1.00, showing in reasonable detail the

calculations used in determining Excess Cash Flow for the most recently completed Fiscal Year;

(<u>iv</u>) if the Available Amount was applied during such period, showing the Available Amount as

of the end of such period; and (<u>v</u>) stating that no Default or Event ofDefault has occurred and is

continuing or, if a Default or an Event of Default has occurred and is continuing, stating the

nature thereof and the action which Borrower proposes to take withrespect thereto. <u>and (B) in</u>![floatingimage_478.jpg](floatingimage_478.jpg)

<u>addition to the delivery requirements set forth in the immediately</u><u>preceding</u> *<u>clause (A)</u>*<u>, from and</u> 

<u>after the Third Amendment Effective Date, no later than twelve</u><u>Business Days following the last</u>![floatingimage_812.jpg](floatingimage_812.jpg)

<u>day of each fiscal month of the Borrower, a Compliance</u><u>Certificate setting forth Total Cash as of</u>![floatingimage_812.jpg](floatingimage_812.jpg)

<u>the last day of the most recently ended fiscal month of</u><u>the Borrower.</u>

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(d)*Budget*.for so long as a Qualifying IPO has not been consummated, within

100 days after the end of the Fiscal Year of the Borrower, commencing with the Fiscal Year

ended December 31, 2020, the annual budget of the Borrower and its Subsidiaries on a

consolidated basis for the current Fiscal Year approved by the Board of Directors of Borrower,

showing each Fiscal Quarter for the current Fiscal Year.

***Section 6.2Default Notices****.*As soon as practicable, and in any event within five

Business Days after a Responsible Officer of Borrower has actual knowledge of the existence of

any Default, Event of Default or other event that could reasonably be expected to result in a

Material Adverse Effect, Borrower shall give the Administrative Agent notice specifying the

nature of such Default or Event of Default or other event, including the anticipated effect thereof,

which notice, if given by telephone, shall be promptly confirmed in writing on the next Business

Day.The Administrative Agent shall promptly notify the Lenders of any notices of Default or

Event of Default received pursuant to this *Section 6.2*.

***Section 6.3Litigation****.* Promptlyafter a Responsible Officer of Borrower has actual

knowledge thereof, Borrower shall give the Administrative Agent written notice of the

commencement of all actions, suits and proceedings before any domestic or foreign

Governmental Authority or arbitrator, affecting any Agilon Restricted Entity that (i) seeks

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injunctive or similar relief or (<u>ii</u>) in the reasonable judgment of Borrower, exposes the Agilon

Restricted Entities to liability, in each case, such that, if adversely determined, could reasonably

be expected to result in a Material Adverse Effect.

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***Section 6.4[Reserved]****.*

***Section 6.5ERISA Matters****.*Borrower shall furnish the Administrative Agent each

of the following:(<u>a</u>) promptly and in any event within 30 days after Borrower or any ERISA

Affiliate knows or has reason to know that any ERISA Event or Foreign Benefit Event has

occurred that could reasonably be expected to result in a material liability to an Agilon Restricted

Entity, written notice describing such event; (<u>b</u>) promptly and in any event within 30 days after

Borrower or any ERISA Affiliate knows or has reason to know that a request for a minimum

funding waiver under Section 412 of the Code has been filed with respect to any Title IV Plan, a

written statement of a Responsible Officer of Borrower describing such waiver request and the

action, if any, Borrower and anyERISA Affiliate propose to take with respect thereto and a copy

of any notice filed with the PBGC or the IRS pertaining thereto; and (<u>c</u>) concurrently on the date

on which Borrower or any ERISA Affiliate files a notice of intent to terminate any Title IV Plan

if such termination would require material additional contributions in order to be considered a

standard termination within the meaning of Section 4041(b) of ERISA, a copy of each notice.

***Section 6.6Environmental Matters****.*Borrower shall provide to the Administrative

Agent promptly and in any event within ten days of a Responsible Officer of Borrower learning

of any of the following which would be reasonably likely to result in a Material Adverse Effect

in any one Fiscal Year, written notice of each of the following:

(a)that any Agilon Restricted Entity is or may be liable to any Person as a result

of a Release or threatened Release;

(b)the receipt by any Agilon Restricted Entity of notification that any Owned

Real Property located within the United States is or is reasonably likely to be subject to any

Environmental Lien;

(c)the receipt by any Agilon Restricted Entity of any notice of violation or

potential liability under, or actual knowledge by Borrower that there exists a condition

reasonably expected to result in a violation of or liability under, any Environmental Law;

(d)the commencement of any judicial or administrative proceeding or

investigation alleging a violation of or liability under any Environmental Law; and

(e)any proposed action by any Agilon Restricted Entity or the enactment or

promulgationofanychangeinEnvironmentalLawsthat,intheaggregateoverallsuchactionsor

changes, have a reasonable likelihood of requiring any Agilon Restricted Entity to obtain any

additional material Environmental Permits or make additional material capital improvements to

obtain compliance with Environmental Laws.

***Section 6.7Other Information****.*Borrower shall provide the Administrative Agent or

any Lender with such other information respecting the business, properties, condition, financial

or otherwise, or operations of Borrower or any of its Restricted Subsidiaries as the

Administrative Agent or the Requisite Lenders (or, in the case of information of the type

provided under *Section 3.1(i)*, any Lender) through the Administrative Agent may from time to

time reasonably request.

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**ARTICLE VII Affirmative** 

**Covenants**

BorroweragreeswiththeLenders,eachIssuerandtheAdministrativeAgentto

each of the following, as long as any Obligation or any Revolving Credit Commitment remains

outstanding and, in each case, unless the Requisite Lenders otherwise consent in writing:

***Section 7.1Preservation of Corporate Existence, Etc.***Borrower shall, and shall

cause each of its Restricted Subsidiaries to, preserve and maintain its legal existence, rights and

privileges, except as permitted by *Sections 8.3, 8.4* and *8.6(a)*; *provided* that this *Section 7.1* shall

not apply to any Immaterial Subsidiary; *provided*, *further*, that any Restricted Subsidiary of

Borrower shall not be required to maintain any such rights or privileges if the failure to do so

would not reasonably be expected to have a Material Adverse Effect.

***Section 7.2Compliance with Laws, Etc.*** Borrower shall, and shall cause each of its

Restricted Subsidiaries to, comply with all applicable Requirements of Law, Contractual

Obligations and Permits, except where the failure so to comply would not, in the aggregate over

all such failures, have a Material Adverse Effect.

***Section 7.3[Reserved]***.

***Section 7.4Payment of Taxes, Etc.***Borrower shall, and shall cause each of its

Restricted Subsidiaries to, pay and discharge before the same shall become delinquent, all taxes,

except where (<u>a</u>) the amount or validity thereof is currently being contested in good faith, by

appropriate proceedings and adequate reserves therefor have been established on the books of

Borrower, the appropriate Restricted Subsidiary or any Parent Entity in conformity with GAAP

or (<u>b</u>) the failure to comply with the covenants in this *Section 7.4* would not, in the aggregate

over all such failures, reasonably be expected to have a Material Adverse Effect.

***Section7.5MaintenanceofInsurance****.*Borrowershallusecommercially

reasonable efforts to (<u>a</u>) maintain for, or cause to be maintained by, each of its Restricted

Subsidiaries insurance with responsible and reputable insurance companies or associations in

such amounts (after giving effect to any self insurance) and covering such risks as is usually

carried by companies engaged in similar businesses and owning similar properties in the same

general areas in which Borrower or such Restricted Subsidiary operates and, in any event, all

insurance required by any Collateral Documents and (<u>b</u>) to use commercially reasonable efforts

to (i) provide advance written notice to the Administrative Agent of any material addition in

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amount or material change in coverage, (<u>ii</u>) cause all such insurance to name the Administrative

AgentonbehalfoftheSecuredPartiesasadditionalinsuredorlosspayee,asappropriateand

(<u>iii</u>) to provide that no cancellation shall be effective until after 30 days' written notice thereof to

the Administrative Agent; *provided* that, unless an Event of Default shall have occurred and be

continuing, the Administrative Agent shall turn over to Borrower any amounts received by it as

loss payee under any casualty insurance maintained by Borrower or its Restricted Subsidiaries,

the disposition of such amounts to be subject to the provisions of *Section 2.9*, and, unless an

Event of Default shall have occurred and be continuing, the Administrative Agent agrees that

Borrower and/or the applicable Loan Party shall have the sole right to adjust or settle any claims

under such insurance.

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***Section 7.6Access***.

(a)Borrower shall from time to time, permit the Administrative Agent and the

Lenders, or any agents or representatives thereof, within a reasonable time after written

notification of the same during normal business hours to (<u>a</u>) examine and make abstracts from the

records and books of account of Borrower and each of its Restricted Subsidiaries, (<u>b</u>) other than

following the occurrence of an Event of Default that is continuing, not more than once in any

Fiscal Year visit the properties of Borrower and such Restricted Subsidiaries, (<u>c</u>) discuss the

affairs, finances and accounts of Borrower and each of its Restricted Subsidiaries with any of

their respective officers or directors and (<u>d</u>) communicate directly with any certified public

accountants (including Borrower's Accountants); *provided* that representatives of Borrower may

be present during any such examinations, visits, discussions and communications.Borrower and

each of its Restricted Subsidiaries shall authorize its certified public accountants (including

Borrower's Accountants) to disclose to the Administrative Agent or any Lender any and all

financial statements, as the Administrative Agent or any Lender reasonably requests from

Borrower or any of such Restricted Subsidiaries.Notwithstanding anything to the contrary, none

of the Borrower or any Restricted Subsidiary will be required to disclose or permit the inspection

or discussion of, any document, information or other matter (i) that constitutes non-financial

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trade secrets or non-financial proprietary information, (<u>ii</u>) in respect of which disclosure to the

Administrative Agent or the Lenders (or their respective representatives) is prohibited by

Requirement of Law or any binding agreement or (<u>iii</u>) that is subject to attorney client or similar

privilege or constitutes attorney work product.

(b)During the course of the above-described visits, inspections, examinations

and discussions, representatives of the Administrative Agent and the Lenders may encounter

individually identifiable healthcare information as defined under the Administrative

Simplification (including privacy and security) regulations promulgated pursuant to the Health

Insurance Portability and Accountability Act of 1996, as amended (collectively, "*<u>HIPAA</u>*"), or

other confidential information relating to healthcare patients whether protected under HIPAA or

otherwise (collectively, the "*<u>Confidential Healthcare Information</u>*").The Borrower or any

Restricted Subsidiary shall, consistent with HIPAA's "minimum necessary" provisions, permit

such disclosure of Confidential Healthcare Information to representatives of the Administrative

Agent or the Lenders for their "healthcare operations" purposes only to the extent permissible

under applicable laws, regulations or ordinances intended to protect the privacy rights of

healthcare patients, including, without limitation, HIPAA and its "minimum necessary"

provision.Unless otherwise required by law, the Administrative Agent, the Lenders and their

respective representatives shall not require or perform any act that would cause the Borrower or

any of its Subsidiaries to violate any laws, regulations or ordinances intended to protect the

privacy rights of healthcare patients, including, without limitation, HIPAA.

***Section 7.7Keeping of Books****.*Borrower shall, and shall cause its Restricted

Subsidiaries to keep, proper books of record and account, in a manner to allow the financial

statements to be prepared in accordance withGAAP or, in the case of a Foreign Subsidiary, such

other applicable generally accepted accounting principles, of all financial transactions and the

assets and business of Holdings, Borrower and each such Restricted Subsidiary.

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***Section 7.8MaintenanceofProperties,Etc.***Borrowershall,andshallcauseeach

of its Restricted Subsidiaries to, maintain and preserve (<u>a</u>) in good working order and condition

(subjecttoordinarywearandtear)allofitspropertiesnecessaryintheconductofitsbusiness

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and (<u>b</u>) all rights, permits, licenses, approvals and privileges (including all material Permits)

necessary in the conduct of its business, except where failure to so maintain and preserve the

items set forth in *clauses (a)* and *(b)* above would not, in the aggregate over all such failures,

have a Material Adverse Effect.

***Section 7.9ApplicationofProceeds****.*BorrowershalluseproceedsoftheInitial

Term Loans as provided in *Section 4.16*.

***Section 7.10Environmental****.*Borrower shall, and shall cause each of its Restricted

Subsidiariesto:(<u>a</u>) (i) comply inallmaterialrespectswith, and require compliance in all

![floatingimage_334.jpg](floatingimage_334.jpg)

material respects by all tenants, subtenants, contractors, and invitees with, all applicable

Environmental Laws; (<u>ii</u>) obtain, comply substantially with and maintain all Environmental

Permits necessary for its operations as conducted; and (<u>iii</u>) require that all tenants, subtenants,

contractors, and invitees obtain, comply substantially with and maintain any and all

Environmental Permits necessary for their operations as conducted, with respect to any property

leased or subleased from, or operated by Borrower or its Restricted Subsidiaries.For purposes of

this *Section 7.10(a)*, noncompliance with the foregoing provisions shall not constitute a breach of

this covenant; *provided* that, upon learning of any actual or suspected noncompliance, Borrower

and any such affected Restricted Subsidiary shall promptly undertake and diligently pursue

reasonable efforts, if any, to achieve compliance; *provided*, *further*, that in any case such

noncompliancewouldnotreasonablybeexpectedtoresultinaMaterialAdverseEffect;and

(<u>b</u>)comply, in all material respects, with all orders and directives of all Governmental

Authorities regarding Environmental Laws, other than such orders or directives (i) as to which

![floatingimage_334.jpg](floatingimage_334.jpg)

the failure to comply would not reasonably be expected to result in a Material Adverse Effect or

(<u>ii</u>) as to which:(<u>x</u>) appropriate reserves have been established in accordance with GAAP; (<u>y</u>) an

appeal or other appropriate contest is or has been timely and properly taken and is being

diligently pursued in good faith; and (<u>z</u>) if the effectiveness of such order or directive has not

been stayed, the failure to comply with such order or directive during the pendency of such

appeal or contest would not reasonably be expected to give rise to a Material Adverse Effect.

Without changing the effect of the foregoing, Borrower or any Restricted Subsidiary of Borrower

shall, at its own cost and expense, upon receipt of any notification or otherwise obtaining

knowledge ofany Release atoraffecting any MaterialRealProperty that constitutes Collateral

(a) conduct or pay for consultants to conduct, any appropriate tests or assessments of

environmental conditions at such operations or properties, including the investigation and testing

of subsurface conditions, if appropriate (subject to requirements under applicable leases to obtain

the consent of any lessor thereunder) and (b) take or allow such Remedial Action and undertake

such investigation or other action as required by Environmental Laws or as any Governmental

Authority requires or as is appropriate and consistent with good business practice to address the

Release or event and otherwise ensure compliance with Environmental Laws.

***Section 7.11AdditionalCollateralandGuaranties****.*Totheextentnotdeliveredto

the Administrative Agent on or before the Closing Date, Borrower shall, and shall cause each of

its Restricted Subsidiaries to, promptly do each of the following:

(a)with respect to any Domestic Subsidiary (other than any Excluded

Subsidiary)asoftheClosing Date,subjecttothelastparagraph in *Section 3.1* and any

limitationsimposedbyanyRequirementofLaw,executeanddelivertotheAdministrativeAgent

such Collateral Documents and amendments to the Collateral Documents as the Administrative

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![floatingimage_645.jpg](floatingimage_645.jpg)

Agent deems necessary or reasonably advisable in order to grant to the Administrative Agent, for

thebenefitoftheapplicableSecuredParties,aperfectedfirstprioritysecurityinterest(asand

![image_8.jpg](image_8.jpg)

![floatingimage_645.jpg](floatingimage_645.jpg)

solely to the extent provided in the Pledge and Security Agreement and subject to Liens on the

applicable assets otherwise permitted hereby) in such Subsidiary's assets, Stock and Stock

Equivalents and debt Securities representing (<u>x</u>) obligations owing under each Combined

Affiliate Promissory Note and any other loan agreement or note between the Borrower or any of

its Restricted Subsidiaries and a Related Corporation and (<u>y</u>) intercompany Indebtedness having

a principal amount of $5,000,000 or greater that are evidenced by a note; *provided* that

notwithstanding the foregoing, such actions shall not be required to the extent that Borrower and

the Administrative Agent reasonably determine that the costs or other consequences to Borrower

or its Subsidiaries of complying with any requirement in this *clause (a)* are excessive in view of

the benefits to be obtained by the Secured Parties, giving due regard to all relevant circumstances

at the time of such determination;

(b)subject to the last paragraph in *Section 3.1*, deliver to the Administrative

Agent the certificates (if any) representing such Stock and Stock Equivalents and debt Securities,

representing (<u>x</u>) obligations owing under each Combined Affiliate Promissory Note and any

other loan agreement or note between the Borrower or any of its Restricted Subsidiaries and a

RelatedCorporationand(<u>y</u>)intercompanyIndebtednesshavingaprincipalamountof$5,000,000

or greater that are evidenced by a note, together with (i) in the case of such certificated Stock and

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Stock Equivalents, undated stock powers endorsed in blank and (<u>ii</u>) in the case of such

certificated debt Securities, endorsed in blank, in each case executed and delivered by a

Responsible Officer of Holdings, Borrower or such Subsidiary, as the case may be;

(c)with respect to any Person that becomes a Domestic Subsidiary (other than

(<u>x</u>) any Excluded Subsidiary and (<u>y</u>) a Subsidiary that will be (and, unless theAdministrative

Agent shall otherwise agree in its sole discretion, within 90 days following its creation or

acquisition, is) converted into a Related Professional Corporation in a manner consistent with

past practices or in the ordinary course of business) after the Closing Date,subject to any

limitations imposed by any Requirement of Law, cause such Subsidiary (i) to become a party to

![floatingimage_334.jpg](floatingimage_334.jpg)

the Guaranty and the applicable Collateral Documents and (<u>ii</u>) to take such actions necessary or

advisable to grant to the Administrative Agent for the benefit of the applicable Secured Parties a

perfected security interest in the Collateral described in the applicable Collateral Documents with

respect to such Subsidiary, including the filing of UCC financing statements in such jurisdictions

as may be required by the Collateral Documents or by any Requirement of Law or as may be

reasonably requested by the Administrative Agent; *provided* that such actions shall not be

required to the extent that, Borrower and the Administrative Agent reasonably determine that the

costs or other consequences to Borrower or its Subsidiaries of complyingwith anyrequirement

in this *clause (c)* are excessive in view of the benefits to be obtained by the Secured Parties,

giving due regard to all relevant circumstances at the time of such determination;

(d)notwithstanding anything to contrary in this Agreement, (<u>A</u>) the foregoing

requirements shall be subject to the terms of anyIntercreditor Agreement or anyOther

Intercreditor Agreement and, in the event of any conflict with such terms, the terms of such

Intercreditor Agreement or Other Intercreditor Agreement, as applicable, shall control, (<u>B</u>) no

security interest or lien is or will be granted pursuant to any Loan Document or otherwise in any

right, title or interest of any of Holdings, Borrower or any of its Subsidiaries in, and "Collateral"

shall not include, any Excluded Asset (as defined in the Pledge and SecurityAgreement), (<u>C</u>) no

Loan Party or any Affiliate thereof shall be required to take any action in any non-U.S.

jurisdiction or required by the laws of any non-U.S. jurisdiction in order to create any security

interests in assets located or titled outside of the U.S. or to perfect any security interests (it being

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![floatingimage_645.jpg](floatingimage_645.jpg)

![image_8.jpg](image_8.jpg)

![floatingimage_645.jpg](floatingimage_645.jpg)

understood that there shall be no security agreements or pledge agreements governed under the

laws of any non-U.S. jurisdiction), (<u>D</u>) to the extent not automatically perfected by filings under

the Uniform Commercial Code of each applicable jurisdiction, no Loan Party shall be required to

take any actions in order to perfect any security interests granted with respect to any assets

specifically requiring perfection through control (including cash, cash equivalents, deposit

accounts, securities accounts, but excluding Stock and Stock Equivalents and debt Securities

required to be delivered pursuant to *Section 7.11(b)* above), and (<u>E</u>) nothing in this *Section 7.11*

shall require that any Subsidiary grant a Lien with respect to any property or assets in which such

Subsidiary acquires ownership rights to the extent that the Borrower and the Administrative

Agent reasonably determine in writing that the costs or other consequences to Holdings,

Borrower or any of its Subsidiaries of the granting of such a Lien is excessive in view of the

benefits that would be obtained by the Secured Parties;

(e)if at any time the aggregate amount of EBITDA or Consolidated Total

Assets attributable to all Immaterial Subsidiaries exceeds 5.0% of EBITDA of Borrower and its

Restricted Subsidiaries for any such period or 5.0% of Consolidated Total Assets of Borrower

and its Restricted Subsidiaries as of the end of any Fiscal Year, Borrower shall no later than 60

days following the delivery of Financial Statements for such period designate sufficient

Immaterial Subsidiaries as Material Subsidiaries to eliminate such excess, and such designated

Subsidiaries shall for all purposes of this Agreement constitute Material Subsidiaries.

***Section 7.12Real Property****.*If, at any time after the Closing Date, any Loan Party

acquires a fee interest in any Material Real Property; subject to any limitations imposed by any

Requirement of Law, then Borrower shall promptly notify Administrative Agent thereof and,

upon request of the Administrative Agent, within 90 days (or such longer period as

Administrative Agent may reasonably approve), Borrower shall cause the applicable Loan Party

to (<u>A</u>) execute, deliver and record a first priority Mortgage in proper form for recording in the

applicable jurisdiction (subject to Liens on the applicable Material Real Property otherwise

permitted hereby) in favor of the Administrative Agent on behalf and for the ratable benefit of

the applicable Secured Parties covering such Material Real Property, (<u>B</u>) provide the

Administrative Agent with a mortgagee's title insurance policy covering such Material Real

Property in an amountequalto the purchase price ofsuch MaterialRealProperty and evidence

ofpaymentofthepremiumduewithrespecttosuchmortgageetitleinsurancepolicy,(<u>C</u>)provide

a survey thereof sufficient for the title company to delete the standard survey exception in the

title policy and provide customary zoning and survey-related coverage and endorsements under

the mortgagee title insurance policy delivered pursuant to *clause (B)* above, (<u>D</u>) provide local

counsel enforceability opinions with respect thereto and (<u>E</u>) provide such other agreements,

documents and instruments, including flood certificates and evidence of flood insurance as the

Administrative Agent deems reasonably necessary or reasonably advisable to confirm

compliance with the Flood Program, each of *clauses (B)* through *(E)* being in form and substance

reasonably satisfactory to the Administrative Agent and to be subject only to (<u>x</u>) Liens permitted

under *Section 8.2* and (<u>y</u>) such other Liens as the Administrative Agent may reasonably approve;

*provided* that, notwithstanding anything to the contrary in this *Section 7.12*, (<u>1</u>) no Loan Party

shall be required to take any action pursuant to this *Section 7.12* that would reasonably be

expected to result in any material adverse tax consequences to Holdings, Borrower or any of its

Restricted Subsidiaries as reasonably determined by Borrower and with the consent of the

Administrative Agent (such consent not to be unreasonably withheld), and (<u>2</u>) no Material Real

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![floatingimage_645.jpg](floatingimage_645.jpg)

Property of any Foreign Subsidiary shall be required to be pledged to secure, or to directly or

indirectly provide security for, any Obligation of Borrower.

![image_8.jpg](image_8.jpg)

![floatingimage_645.jpg](floatingimage_645.jpg)

***Section 7.13[Reserved]****.*

***Section 7.14AccountingChanges;FiscalYear****.*Borrowershallnot,norshallit

permit any Restricted Subsidiary to, change its (<u>a</u>) accounting treatment and reporting practices,

exceptaspermittedbyGAAPoranyRequirementofLawor(<u>b</u>)FiscalYearexceptupon60days

prior written notice to the Administrative Agent of such change of Fiscal Year.

***Section 7.15Lender Calls***.No later than 30 days following delivery of the annual

financial statements pursuant to *Section 6.1(b)* or any quarterly financial statement pursuant to

*Section 6.1(a)*, the Borrower shall hold an update call (which call shall take place on a Business

Day selected by the Borrower) with a Responsible Officer of the Borrower and the Lenders to

discuss the financial position, financial performance and cash flows of the Borrower and its

Restricted Subsidiaries for the period covered by the applicable financial statements (such call,

the "<u>Lender Call</u>"); *provided*, *however*, that if the Borrower is holding a conference call open to

the public to discuss such results, the Borrower will not be required to hold a separate Lender

Call for the Lenders; and *provided*, *further*, that, upon notice to the Administrative Agent, the

Borrower maypostpone a Lender Call for a period of time not to exceed 60 days, if the Board of

Directors or senior management of the Borrower reasonably determine that there is a valid

business purpose for the postponement.

***Section 7.16Post Closing Matters****.*Borrower shall, and shall cause each of its

Restricted Subsidiaries to, satisfy the requirements set forth on *Schedule 7.16* on or before the

date set forth opposite such requirement or such later date as consented to by the Administrative

Agent in its sole discretion.

![floatingimage_478.jpg](floatingimage_478.jpg)

***<u>Section 7.17</u><u>Cash</u><u>and</u><u>Cash</u><u>Equivalents</u>****<u>.</u>*<u>On</u><u>and</u><u>after</u><u>the</u><u>date</u><u>that</u><u>is</u><u>sixty</u><u>(60)</u>

<u>days following the Third Amendment Effective Date, Borrower shall, and shall cause each of its</u>

![floatingimage_812.jpg](floatingimage_812.jpg)

<u>Restricted Subsidiaries to, maintain all of its Cash and Cash Equivalents (other than Cash</u>

![floatingimage_812.jpg](floatingimage_812.jpg)

<u>Collateral used to Cash Collateralize any Letters of Credit, which may be held on deposit with</u>

![floatingimage_812.jpg](floatingimage_812.jpg)

<u>any Issuer) on deposit with the Administrative Agent.</u>

**ARTICLEVIII**

**NEGATIVECOVENANTS**

Borrower agrees with the Lenders, each Issuer and the Administrative Agent to

each of the following, as long as any Obligation or any Revolving Credit Commitment remains

outstanding and, in each case, unless the Requisite Lenders otherwise consent in writing:

***Section 8.1Indebtedness****.*Borrower shall not, and shall not permit any of its

Restricted Subsidiaries to, directly or indirectly create, incur, assume or otherwise become or

remain directly or indirectly liable with respect to any Indebtedness except for the following:

(a)(i) the Secured Obligations (but in the case of Secured Obligations under

![floatingimage_334.jpg](floatingimage_334.jpg)

Hedging Contracts, to the extent entered into in the ordinary course of business and not for

speculative purposes) and (<u>ii</u>) Permitted Debt Exchange Notes;

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![floatingimage_645.jpg](floatingimage_645.jpg)

(b)Indebtedness of Borrower or any of its Restricted Subsidiaries in the form

of(<u>x</u>) securedloansornotesrankingjuniortotheLienssecuringtheFacilitiesand

![image_8.jpg](image_8.jpg)

![floatingimage_645.jpg](floatingimage_645.jpg)

(<u>y</u>) unsecured loans or notes; *provided* that (i) the Net Cash Proceeds from the incurrence of such

![floatingimage_334.jpg](floatingimage_334.jpg)

Indebtedness is applied to prepay the Term Loans in accordance with *Section 2.9(a)(iii)*, (<u>ii</u>) the

principal amount of such Indebtedness does not exceed the principal amount (or accreted value,

if applicable) of the Term Loans being prepaid (plus accrued interest, any premium and

reasonable commission, fees and expenses), (<u>iii</u>) such Indebtedness has a stated maturity that is

after the Latest Maturity Date, (<u>iv</u>) such Indebtedness has a weighted average life to maturity, at

the time of issuance or incurrence, of not less than the remaining weighted average life of the

Term Loans being prepaid, (<u>v</u>) if incurred pursuant to *clause (x)* above, such Indebtedness is

subjecttotheIntercreditorAgreementorOtherIntercreditorAgreement,asapplicableand

(<u>vi</u>) such Indebtedness shall not be guaranteed by any Person other than the Guarantors or be

secured by an assets of the Borrower or any Restricted Subsidiary;

(c)Indebtedness of Borrower or any of its Restricted Subsidiaries in the form

of(<u>x</u>) securedloansornotesrankingjuniortotheLienssecuringtheFacilitiesand

(<u>y</u>) unsecured loans or notes; *provided* that (i) (<u>A</u>) immediately after giving effect to each

![floatingimage_334.jpg](floatingimage_334.jpg)

issuance of such Indebtedness pursuant to *clause (x)* and the use of proceeds thereof (or on the

date of the initial commitment to lend such additional amount after giving pro forma effect to the

incurrence of the entire committed amount of such Indebtedness), the Secured Leverage Ratio of

Borrower as at the last day of the most recent Financial Covenant Period for which Financial

Statements have been delivered pursuant to *Section 6.1* calculated on a Pro Forma Basis would

not exceed 3.50 to 1.00 (it being understood that if pro forma effect is given to the entire

committed amount of such Indebtedness on the date of initial borrowing of such Indebtedness or

entry into the definitive agreement providing the commitment to fund such Indebtedness, such

committed amount may thereafter be borrowed and reborrowed in whole or in part, from time to

time, without further compliance with this *clause (i)(A)*) and (<u>B</u>)immediately before giving

effect to each issuance of such Indebtedness pursuant to *clause (y)* and the use of proceeds

thereof (or on the date of the initial commitment to lend such additional amount after giving pro

forma effect to the incurrence of the entire committed amount of such Indebtedness), the

Leverage Ratio of Borrower as at the last day of the most recent Financial Covenant Period for

which Financial Statements have been delivered pursuant to *Section 6.1* calculated on a Pro

FormaBasiswouldnot exceed(<u>1</u>)atanytime priortoaQualifyingThresholdIPO, 4.00 to 1.00,

(<u>2</u>)atanytimefollowingaQualifyingThresholdIPO,butpriortoOctober1, 2023,4.00to1.00

or(<u>3</u>)atanytimefollowingQualifyingThresholdIPO,butonorafterOctober1, 2023,4.50to

1.00 (it beingunderstood that if proforma effect is given to the entire committedamount of such

Indebtedness on the date of initial borrowing of such Indebtedness or entry into the definitive

agreement providing the commitment to fund such Indebtedness, such committed amount may

thereafter be borrowed and reborrowed in whole or in part, from time to time, without further

compliance with this *clause (i)(B)*), (<u>ii</u>) anysuch Indebtedness in the formof termloans or notes,

at the time of issuance or incurrence, shall not have a stated maturity date earlier than the Latest

Maturity Date (other than, an earlier maturity date for customary bridge financings, which,

subject to customary conditions, would either be automatically converted into or required to be

exchanged for permanent financing which does not provide a stated maturity earlier than the

Latest Maturity Date), (<u>iii</u>) any such Indebtedness in the form of term loans or notes, at the time

of issuance or incurrence, shall have a weighted average life of not less than the remaining

weighted average life of the Tranche of Term Loans having the Latest Maturity Date (other than

(<u>1</u>) a shorter weighted average life to maturity for customary bridge financing, which, subject to

customary conditions, would either be converted into or required to be exchanged for permanent

financing which does not provide for a shorter weighted average life to maturity than the Tranche

![image_8.jpg](image_8.jpg)

![floatingimage_645.jpg](floatingimage_645.jpg)

of Term Loans having the Latest Maturity Date or (<u>2</u>) pursuant to an escrow or similar

arrangement),(<u>iv</u>) anysuchIndebtednessintheformofrevolvingIndebtednessshallhavea

![image_8.jpg](image_8.jpg)

![floatingimage_645.jpg](floatingimage_645.jpg)

stated maturity date at least the Scheduled Termination Date and shall have no mandatory or

scheduled commitment reductions prior to the Scheduled Termination Date, (<u>v</u>) if incurred

pursuant to *clause (x)* above, such Indebtedness (<u>A</u>) is subject to the Intercreditor Agreement or

Other Intercreditor Agreement and (<u>B</u>) shall not be secured by any lien on any asset of the

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![floatingimage_507.jpg](floatingimage_507.jpg)

Borrower or any of its Subsidiaries that does not also secure the Facilities or be guaranteed by

any Person other than the Guarantors and (<u>vi</u>) if such Indebtedness shall not be guaranteed by

any Person other than the Guarantors;

(d)(<u>x</u>) the Promissory Note, (<u>y</u>) the Arawak Facility and (<u>z</u>) other Indebtedness

existing on the Closing Date, disclosed on *Schedule 8.1* (in each case, together with any renewal,

extension, refinancing or refunding pursuant to *clause (j)(i)* below);

(e)Guaranty Obligations:

(i)incurred by an Agilon Restricted Entity in respect of Indebtedness of

a Loan Party that is permitted by this *Section 8.1*; *provided* thatGuaranty Obligations in

respect of Indebtedness permitted pursuant to *Section 8.1(a)*,*(b)*, *(c)*, *(j)(ii)* and *(q)(x)*

shall be permitted only to the extent that such Guaranty Obligations are incurred by Loan

Parties;

(ii)incurred by a Loan Party (other than Holdings) in respect of

Indebtedness of a Non-Loan Party or a Permitted Joint Venture to the extent the amount

of such Guaranty Obligation would be permitted as an Investment under *Section 8.3(e)*;

*provided* that the aggregate outstanding amount of such Indebtedness permitted under

this *clause (e)(ii)*, together with the aggregate amount of Permitted Intercompany

Transactions pursuant to *clause (c)(i)(y)* of such definition, shall not exceed at any time

![floatingimage_545a.jpg](floatingimage_545a.jpg)

the greater of $27,000,000 and 5.2% of Consolidated Total Assets;<u>EBITDA of the</u>

<u>Borrower and its Restricted Subsidiaries as of the last day of the most recent Financial</u>

![floatingimage_836.jpg](floatingimage_836.jpg)

<u>Covenant Period for which Financial Statements have been delivered pursuant to</u> *<u>Section</u>*

![floatingimage_502.jpg](floatingimage_502.jpg)

*<u>6.1</u>*<u>, calculated on a Pro Forma Basis after giving effect to such Indebtedness;</u>

(iii)incurred by a Non-Loan Party in respect of Indebtedness of another

Non-Loan Party that is permitted by this *Section 8.1*;

(iv)incurred by an Agilon Restricted Entity in respect of Indebtedness of

any Person (other than a primary obligor that is an Agilon Restricted Entity) up to a

maximumaggregate outstandingprincipal amount which shall not exceed at any time the

![floatingimage_545a.jpg](floatingimage_545a.jpg)

greater of $13,500,000 and 2.6% of Consolidated Total Assets;<u>EBITDA</u><u>of the Borrower</u>![floatingimage_508.jpg](floatingimage_508.jpg)

<u>and its Restricted Subsidiaries as of the last day of the most recent</u><u>Financial Covenant</u>![floatingimage_836.jpg](floatingimage_836.jpg)

<u>Period for which Financial Statements have been delivered pursuant</u><u>to</u> *<u>Section 6.1</u>*<u>,</u>![floatingimage_836.jpg](floatingimage_836.jpg)

<u>calculated on a Pro Forma Basis after giving effect to such Indebtedness;</u>

(v)incurred in connection with sales or other dispositions permitted

under *Section 8.4*, including indemnification obligations with respect to leases, and

guarantees of collectability in respect of Accounts Receivable or notes receivable for up

to face value;

![image_8.jpg](image_8.jpg)

![floatingimage_645.jpg](floatingimage_645.jpg)

(vi)consisting of accommodation guarantees for the benefit of trade

creditors of Borrower or any of its Restricted Subsidiaries in the ordinary course of

business;

![image_8.jpg](image_8.jpg)

![floatingimage_645.jpg](floatingimage_645.jpg)

(vii)in respectofInvestmentsexpresslypermitted by *Section 8.3(m)*,

*(n)*,or*(t)*;

(viii)in respect of third-party loans and advances to officers or

employees of anyParent Entity, Holdings, Borrower or anyof its Restricted Subsidiaries

incurred in the ordinary course of business permitted under *Section 8.3(k)*; and

(ix)incurred by an Agilon Restricted Entity in respect of real or personal

property leased by Borrower or any of its Subsidiaries up to a maximum aggregate

outstandingamountwhichshallnotexceedatanytimethegreaterof

![floatingimage_545a.jpg](floatingimage_545a.jpg)

$13,500,000 and 2.6% of Consolidated Total Assets;<u>EBITDA of the Borrower and its</u>

<u>Restricted Subsidiaries as of the last day of the most recent Financial Covenant Period</u>

![floatingimage_836.jpg](floatingimage_836.jpg)

<u>for which Financial Statements have been delivered pursuant to</u> *<u>Section 6.1</u>*<u>, calculated</u>

![floatingimage_836.jpg](floatingimage_836.jpg)

<u>on a Pro Forma Basis after giving effect to such Indebtedness;</u>

*provided* that if any Indebtedness referred to in *clauses (i)*, *(ii)* and *(iv)* above is subordinated in

right of payment to the Obligations or to any Liens securing the Collateral, then any

corresponding Guaranty Obligations shall be subordinated to substantially the same extent.

(f)Financing Lease Obligations and purchase money Indebtedness incurred by

Borrower or a Restricted Subsidiary of Borrower to finance the acquisition, leasing, construction

or improvement of fixed assets; *provided* that (i) any such purchase money debt is incurred no

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later than 270 days after the applicable acquisition, lease, construction or improvementand(<u>ii</u>)

the aggregate principal amount of all such Financing Lease Obligations and purchase money

Indebtedness (together with any renewal, extension, refinancing or refunding pursuant to *clause*

*(j)(i)*below) outstanding at any time shall not exceed at any time the greater of

![floatingimage_545a.jpg](floatingimage_545a.jpg)

$30,000,000 and 6.0% of Consolidated Total Assets;<u>EBITDA of the Borrower and its Restricted</u>

![floatingimage_516.jpg](floatingimage_516.jpg)

<u>Subsidiaries as of the last day of the most recent Financial Covenant Period for which Financial</u>

![floatingimage_812.jpg](floatingimage_812.jpg)

<u>Statements have been delivered pursuant to</u> *<u>Section 6.1</u>*<u>, calculated on a Pro Forma Basis after</u>

![floatingimage_812.jpg](floatingimage_812.jpg)

<u>giving effect to such Indebtedness;</u>

(g)(<u>A</u>) Indebtedness of a Special Purpose Entity incurred at any time on or after

October 1, 2023 under a Securitization Facility; *provided* that (<u>1</u>) such Indebtedness is not

recourse to any other Agilon Restricted Entity or the assets of any Agilon Restricted Entity, in

each case that is not a Securitization Subsidiary (other than with respect to Special Purpose

Financing Undertakings), (<u>2</u>) in the event such Indebtedness shall become recourse to any such

Agilon Restricted Entity (other than with respect to Special Purpose Financing Undertakings),

such Indebtedness will be deemed to be, and must be classified by Borrower as, incurred at such

time to the maximum extent of such recourse under one or more of the other provisions of this

*Section 8.1* for so long as such Indebtedness shall be so recourse, (<u>3</u>) in the event that at any time

thereafter such Indebtedness shall comply with the provisions of the preceding *subclause (1)*,

Borrower may classify such Indebtedness in whole or in part as incurred under this *Section*

*8.1(g)(A)*, and (<u>4</u>) the payment of principal and interest in respect of such Indebtedness is not

guaranteed by any other Agilon Restricted Entity and (<u>B</u>) Indebtedness of Borrower or any

Restricted Subsidiary of Borrower incurred at any time on or after October 1, 2023 in connection

with any recourse factoring or similar arrangements relating to the collection of Accounts

Receivable permitted hereunder (any Indebtedness incurred pursuant to this *clause (B)* and

*clause(A)*above,a "*<u>Permitted Receivables</u><u>Financing</u>*"); *provided* thatthe aggregate outstanding

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![floatingimage_645.jpg](floatingimage_645.jpg)

![image_8.jpg](image_8.jpg)

![floatingimage_645.jpg](floatingimage_645.jpg)

principalamountoftheIndebtednessunder*clauses(A)*and*(B)*above,collectively,shallnot

exceed $25,000,000 at any time;

(h)Indebtedness of Foreign Subsidiaries of Borrower in support of working

capital needs; *provided* that the aggregate outstanding principal amount of the Indebtedness

under this *Section 8.1(h)*, together with any renewal, extension, refinancing or refunding pursuant

to *clause (j)(i)* below, shall not exceed, at any time, the greater of $15,000,000 and 3.0% of

![floatingimage_545a.jpg](floatingimage_545a.jpg)

Consolidated Total Assets;<u>EBITDA of the Borrower and its Restricted Subsidiaries as of the last</u>

<u>day of the most recent Financial Covenant Period for which Financial Statements have been</u>

![floatingimage_812.jpg](floatingimage_812.jpg)

<u>delivered pursuant to</u> *<u>Section 6.1</u>*<u>, calculated on a Pro Forma Basis after giving effect to such</u>

![floatingimage_812.jpg](floatingimage_812.jpg)

<u>Indebtedness;</u>

(i)Indebtedness of Borrower or any of its Restricted Subsidiaries representing

deferred compensation to employees of Borrower or any of its Restricted Subsidiaries;

(j)renewals, extensions, refinancings and refundings of Indebtedness (in whole

or in part) permitted by:

(i)*clause (d)(y)*, *(f)*, *(h)* or *(q)(y)* above or this *clause (j)(i)*; *provided*

that (<u>A</u>) any such renewal, extension, refinancing or refunding is in an aggregate

principal amount not greater than the principal amount (or accreted value, if applicable)

of Indebtedness being renewed, extended, refinanced or refunded, (plus accrued interest,

any premium and reasonable commission, fees and expenses), (<u>B</u>) such Indebtedness has

a weighted average maturity no shorter than the remaining weighted averagematurityof

theIndebtednesssorenewed,extended,refinancedorrefundedand

(<u>C</u>) such Indebtedness is not incurred or guaranteed by any Person who is not an obligor

with respect to the Indebtedness to be renewed or who could not have been a guarantor

of the Indebtedness to be renewed when initially incurred; and

(ii)*clauses (a)(ii)*, *(b)*, *(c)* or *(q)(x)* hereof or this *clause (j)(ii)*; *provided*

that (<u>A</u>) any such renewal, extension, refinancing or refunding is in anaggregate

principal amount not greater than the principal amount (or accreted value, if applicable)

of Indebtedness being renewed, extended, refinanced or refunded (plus accrued interest,

any premium and reasonable commission, fees and expenses), (<u>B</u>) if a Default or Event of

Default has occurred and is continuing and the Indebtedness that is renewed, extended,

refinanced or refunded was Subordinated Indebtedness, then the renewal, extensions,

refinancing, refunding must be Subordinated Indebtedness (<u>C</u>) such Indebtedness has (<u>x</u>)

a stated maturity date that is not earlier than the earlier of (i) the Latest Maturity Date and

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(<u>ii</u>) stated maturity date of the Indebtedness that is renewed, extended, refinanced or

refunded (or, if earlier, the Latest Maturity Date) and (<u>y</u>) a weighted average life, at the

time of issuance or incurrence, of not less than theremaining weighted average life of

the Indebtedness that is renewed, extended,refinanced or refunded (or, if earlier, the

weighted average life of the Tranche of Term Loans having the Latest Maturity Date) and

(<u>D</u>) such Indebtedness is not incurred or guaranteed by any Person who is not an obligor

with respect to the Indebtedness to be renewed, extended, refinanced or refunded or who

could not have been a guarantor of the Indebtedness to be renewed, extended, refinanced

or refunded when initially incurred;

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![floatingimage_645.jpg](floatingimage_645.jpg)

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(k)Indebtedness of any Agilon Restricted Entity to any other Agilon Entity to

the extent the Investment in such Indebtedness is permitted under *Section 8.3(e)*;

(l)Indebtedness of Borrower or a Restricted Subsidiary of Borrower arising

under any performance or surety bond entered into in the ordinary course of business;

(m)Indebtedness in respect of any letters of credit issued in favor of any Issuer to

support any Defaulting Lender's participation in Letters of Credit as provided for in *Section 3.4*,

in each case to the extent not exceeding the maximum amount of such participations;

(n)Indebtedness incurred in the ordinary course of business or consistent with

past practice under any agreement pursuant to which a Person provides cash management

services or financial accommodations to an Agilon Restricted Entity (including any Cash

Management/Letter of Credit Obligations) and Indebtedness incurred under any Hedging

Contracts to the extent entered into in the ordinary course of business and not for speculative

purposes;

(o)[Reserved];

(p)[Reserved];

(q)(<u>x</u>) Indebtedness of Borrower or any of its Restricted Subsidiaries incurred to

finance the purchase price of, or (<u>y</u>) Indebtedness of Borrower or any of its Restricted

Subsidiaries assumed in connection with, any Permitted Acquisition; *provided* that (i) in the case

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of *subclause (x)* above (<u>A</u>) such Indebtedness is unsecured, or secured by Liens ranking junior to

the Liens securing the Facilities, (<u>B</u>) immediately after giving effect to the incurrence of such

Indebtedness and use of proceeds thereof (or on the date of the initial commitment to lend such

additional amount after giving pro forma effect to the incurrence of the entire committed amount

of such Indebtedness) (<u>x</u>) the Leverage Ratio of Borrower would be (<u>1</u>) at any time prior to a

Qualifying Threshold IPO, equal to or less than 4.00 to 1.00 or (<u>2</u>) at any time following a

Qualifying Threshold IPO equal to or less than 4.50 to 1.00 or (<u>y</u>) the Leverage Ratio of

Borrower would be equal to or less than it was immediately prior to the incurrence of such

Indebtedness, in each case, on a Pro Forma Basis determined for the most recent Financial

Covenant Period for which Financial Statements have been delivered pursuant to *Section 6.1* (it

being understood that if pro forma effect is given to the entire committed amount of such

Indebtedness on the date of initial borrowing of such Indebtedness or entry into the definitive

agreement providing the commitment to fund such Indebtedness, such committed amount may

thereafter be borrowed and reborrowed in whole or in part, from time to time, without further

compliance with this *clause (B)*), (<u>C</u>) any such Indebtedness in the form of term loans or notes, at

the time of issuance or incurrence, shall have a stated maturity date of at least the Latest Maturity

Date (other than (<u>1</u>) an earlier maturity date for customary bridge financings, which, subject to

customary conditions, would either be automatically converted into or required to be exchanged

for permanent financing which does not provide a stated maturity earlier than the Latest Maturity

Date or (<u>2</u>) pursuant to an escrow or similar arrangement), (<u>D</u>) any such Indebtedness in the form

of term loans or notes, at the time of issuance or incurrence, shall have a weighted average life of

not less than the remaining weighted average life of the Tranche of Term Loans having the Latest

Maturity Date (other than (<u>1</u>) a shorter weighted average life to maturity for customary bridge

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financings, which, subject to customary conditions, would either be converted into or required to

be exchanged for permanent financing which does not provide for a shorter weighted average life

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![floatingimage_645.jpg](floatingimage_645.jpg)

to maturity than the Tranche of Term Loans having the Latest Maturity Date or (<u>2</u>) pursuant to an

escrow or similar arrangement), (<u>E</u>) any such Indebtedness in the form of revolving Indebtedness

shall have a stated maturity date of at least the Scheduled Termination Date and shall have no

mandatory or scheduled commitment reductions prior to the Scheduled Termination Date (other

than, an earlier maturity date or earlier mandatory or scheduled commitment reduction for

customary bridge financings, which, subject to customary conditions, would either be

automatically converted into or required to be exchanged for permanent financing which does not

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provide a stated maturity earlier than the Scheduled Termination Date), (<u>F</u>) if such Indebtedness

is secured, such Indebtedness is subject to the Intercreditor Agreement or an Other Intercreditor

Agreement, as applicable and (<u>G</u>) Indebtedness incurred by Restricted Subsidiaries that are not

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Subsidiary Guarantors shall not exceed the greater of $10,000,000 and 5.2% of Consolidated

TotalAssetsand<u>EBITDA</u><u>of</u><u>the</u><u>Borrower</u><u>and</u><u>its</u><u>Restricted</u><u>Subsidiaries</u><u>as of the last day of</u>

<u>the most recent Financial Covenant Period for which Financial Statements have been delivered</u>

![floatingimage_812.jpg](floatingimage_812.jpg)

<u>pursuant to</u> *<u>Section 6.1</u>*<u>, calculated on a Pro Forma Basis after giving effect to such Indebtedness</u>

![floatingimage_812.jpg](floatingimage_812.jpg)

<u>and</u>(<u>ii</u>) if such Indebtedness is being assumed under *subclause (y)* above, (<u>A</u>) such Indebtedness

shallnothavebeenincurredbyanypartyincontemplationofsuchPermittedAcquisitionand

(<u>B</u>)immediatelyaftergivingeffecttotheincurrenceofsuchIndebtednessanduseofproceeds

thereof (<u>x</u>) the Leverage Ratio of Borrower would be (<u>1</u>) at any time prior to a Qualifying

Threshold IPO, equal to or less than 4.00 to 1.00 or (<u>2</u>) at any time following a Qualifying

Threshold IPO, equal to or less than 4.50 to 1.00 or (<u>y</u>) the Leverage Ratio of Borrower would be

equal to or less than it was immediately prior to the assumption of such Indebtedness, in each

case, on a Pro Forma Basis determined for the most recent Financial Covenant Period for which

Financial Statements have been delivered pursuant to *Section 6.1*;

(r)Indebtedness of Borrower or any of its Restricted Subsidiaries incurred to

finance insurance premiums in the ordinary course of business;

(s)Indebtedness of Borrower or any of its Restricted Subsidiaries arising from

the honoring of a check, draft or similar instrument against insufficient funds; *provided* that such

Indebtedness is extinguished within five Business Days of its incurrence;

(t)Indebtedness of Borrower or anyof its Restricted Subsidiaries in respect of

Financing Leases which have been funded solely by Investments of Borrower and its Restricted

Subsidiaries permitted by *Section 8.3(r)*;

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(u)Indebtedness of Borrower or any of its Restricted Subsidiaries arising in

connection with industrial development or revenue bonds or similar obligations secured by

property or assets leased to and operated by Borrower or such Restricted Subsidiary that were

issued in connection with the financing or refinancing of such property or assets; *provided* that

the aggregate principal amount of such Indebtedness outstanding at any time shall not exceed (i)

at any time prior to a Qualifying Threshold IPO, $10,000,000 or (<u>ii</u>) at any time following a

Qualifying Threshold IPO, $25,000,000;

(v)Indebtedness of Borrower or anyof its Restricted Subsidiaries in respect of

any Sale and Leaseback Transaction to the extent permitted by *Section 8.4(c)*;

(w)Indebtedness of Borrower or anyof its Restricted Subsidiaries in respect of

obligationsevidencedbybonds,debentures,notesorsimilarinstrumentsissuedas payment-

in-kind interest payments in respect of Indebtedness otherwise permitted under this *Section 8.1*;

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![floatingimage_645.jpg](floatingimage_645.jpg)

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(x)accretion of the principal amount of Indebtedness of Borrower or any of its

Restricted Subsidiaries otherwise permitted under this *Section 8.1* issued at any original issue

discount;

(y)other Indebtedness of Borrower or any of its Restricted Subsidiaries not

exceeding (i) at any time prior to October 1, 2023, the greater of $30,000,000 and 5.8% of

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Consolidated Total Assets of Borrower (at the time of incurrence) at any time outstanding or (<u>ii</u>)

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at any time on or after October 1, 2023, the greater of $50,000,000 and 10.0% of Consolidated

Total Assets<u>EBITDA</u>of the Borrower (at the time of incurrence) at any time outstanding;<u>and its</u>

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<u>Restricted Subsidiaries as of the last day of the most recent Financial Covenant Period for which</u>

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<u>Financial Statements have been delivered pursuant to</u> *<u>Section 6.1</u>*<u>, calculated on a Pro Forma</u>

![floatingimage_812.jpg](floatingimage_812.jpg)

<u>Basis after giving effect to such Indebtedness;</u>

(z)Indebtedness arising from agreements providing for indemnification,

adjustment of purchase price or similar obligations (including contingent earn-out obligations)

incurred in connection with any disposition permitted hereunder, any acquisition or other

purchase of assets or Stock permitted hereunder, and Indebtedness arising from guaranties, letters

of credit, bank guaranties, surety bonds, performance bonds or similar instruments securing the

performance of the Borrower or any such Restricted Subsidiary pursuant to such agreements;

(aa)(<u>A</u>) Indebtedness of the Borrower or any Restricted Subsidiary to any

Related Corporation, incurred consistent with past practices or in the ordinary course of business,

pursuant to or in connection with Related Corporation Contracts, (<u>B</u>) Guarantees by the

Borrower or any Restricted Subsidiary of Indebtedness or any other obligation or liability of any

Related Corporation, incurred consistent with past practices or in the ordinary course of business,

pursuant to or in connection with Related Corporation Contracts, (<u>C</u>) without limiting Section

8.2, Indebtedness of the Borrower or any Restricted Subsidiary arising by reason of any Lien

granted by or applicable to such Person securing Indebtedness of any Related Corporation,

incurred consistent with past practices or in the ordinary course of business, pursuant to or in

connection with Related Corporation Contracts, and (<u>D</u>) Indebtedness of the Borrower or any

Restricted Subsidiary in respect of letters of credit, banker's acceptances or other similar

instruments or obligations, issued, or relating to liabilities or obligations incurred on behalf of

any Related Corporation, incurred consistent with past practices or in the ordinary course of

business, pursuant to or in connection with Related Corporation Contracts; and

(bb)Indebtedness incurred in the ordinary course of business or consistent

with past practice arising from letters of credit, bank guaranties, surety bonds, performance

bonds or similar instruments issued for the account of the Borrower or any of the Borrower's

Restricted Subsidiaries or Related Corporations; *provided* that the aggregate outstanding amount

of Indebtedness permitted under this *clause (bb)* (other than in respect of such letters of credit,

bank guaranties, surety bonds, performance bonds or instruments secured pursuant to *Section*

*8.2(w)*) shall not exceed (i) at any time prior to a Qualifying Threshold IPO, $25,000,000 or (ii)

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at any time following a Qualifying Threshold IPO, $50,000,000.

For purposes of determiningcompliance with this *Section 8.1*, in the event that anyIndebtedness

meets the criteria of more than one of the types of Indebtedness described in *clauses (a)* through

*(bb)* above, Borrower, in its sole discretion, shall classify such item of Indebtedness and may

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![floatingimage_645.jpg](floatingimage_645.jpg)

include the amount and type of such Indebtedness in one or more of such clauses (including in

part under one such clause and in part under another such clause).

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***Section 8.2Liens, Etc.*** Borrower shall not, and shall not permit any of its Restricted

Subsidiaries to, create or suffer to exist, any Lien upon or with respect to any of their respective

properties or assets, whether now owned or hereafter acquired, except for the following Liens:

(a)Liens created pursuant to the Loan Documents or otherwise securing,

directly, or indirectly, the Secured Obligations, including Liens on cash or deposits granted in

favor of an Issuer to cash collateralize any Defaulting Lender's participation in Letters of Credit

as provided for in *Section 3.4*, in each case to the extent not exceeding the maximum amount of

such participations;

(b)Liens existing on the Closing Date and disclosed on*Schedule 8.2*;

(c)CustomaryPermittedLiens;

(d)purchase money Liens granted by Borrower or any of its Subsidiaries

(including the interest of a lessor under a Financing Lease and Liens to which any property is

subject at the time, on or after the Closing Date, of Borrower or such Subsidiary's acquisition

thereof) securing Indebtedness permitted under *Section 8.1(f)* and limited in each case to the

property purchased with the proceeds of such purchase money Indebtedness or subject to such

Financing Lease; *provided* that individual financings otherwise permitted to be secured

hereunder provided by one Person (or its affiliates) may be cross collateralized to other such

financings provided by such Person (or its affiliates);

(e)any Lien securing the renewal, extension, refinancing or refunding ofany

Indebtedness secured by any Lien permitted by *clause (b)* or *(d)* above, *clause (f)*, *(m)* or *(r)*

below, or this *clause (e)*; *provided* that (i) such renewal, extension, refinancing or refunding is

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made without any change in the class or category of assets or property subject to such Lien and

no such Lien is extended to cover any additional assets or property (it being understood that any

improvements, accessions, proceeds, dividends or distributions in respect of the assets or

property subject to such Lien shall not be considered as additional assets or property for purposes

of this *clause (e)*) and (<u>ii</u>) such Liens are in respect of Indebtedness of Borrower and its

Restricted Subsidiaries permitted by *Section 8.1(j)* and that the principal amount of such

Indebtedness is not increased except as permitted by *Section 8.1(j)*;

(f)Liens securing Indebtedness permitted under *Section 8.1(g)*to the extent

secured by Securitization Assets of a Special Purpose Entity;

(g)(i) leases, licenses and subleases or sublicenses granted to other Persons in

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the ordinary course of business which do not secure any Indebtedness (other than any obligation

that is Indebtedness solely as a result of the operation of *clause (f)* of the definition thereof) and

(<u>ii</u>) the rights reserved or vested in any Person by the terms of any lease, license, franchise, grant

or Permit held by Borrower or any of its Restricted Subsidiaries or by a statutory provision to

terminate any such lease, license, franchise, grant or Permit or to require periodic payments as a

condition to the continuance thereof;

(h)Liens in favor of lessors securing operating leases permitted hereunder;

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![floatingimage_645.jpg](floatingimage_645.jpg)

(i)statutory or common law Liens or rights of setoff of depositorybanks or

securities intermediaries with respect to Deposit Accounts, Securities Accounts or other funds of

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![floatingimage_645.jpg](floatingimage_645.jpg)

Borrower or any Restricted Subsidiary maintained at such banks or intermediaries, including to

secure fees and charges in connection with returned items or the standard fees and charges of

such banks or intermediaries in connection with the Deposit Accounts, Securities Accounts or

other funds maintained by Borrower or such Restricted Subsidiary at such banks or

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![floatingimage_539.jpg](floatingimage_539.jpg)

intermediaries (but not any Indebtedness for borrowed money owing by Borrower or such

Restricted Subsidiary to such banks or intermediaries);

(j)Liens arising out of conditional sale, title retention, consignment or similar

arrangements for the sale of goods entered into by Borrower or its Restricted Subsidiaries in the

ordinary course of business;

(k)Liens securing Indebtedness of Holdings, Borrower and its Restricted

Subsidiaries permitted by *Section 8.1(t)*;

(l)Liens on the property or assets described in *Section 8.1(u)* in respect of

Indebtedness of Borrower and its Restricted Subsidiaries permitted by *Section 8.1(u)*;

(m)Liens securing Indebtedness of Borrower and its Restricted Subsidiaries

permitted by *Section 8.1(q)(y)* assumed in connection with any Permitted Acquisition; *provided*

that (i) such Lien was not created in contemplation of such acquisition or such Person becoming

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an Agilon Restricted Entity, (<u>ii</u>) such Lien does not extend to cover any other assets or property

(otherthantheproceeds,improvements,accessions,dividendsorproductsthereofand

after-acquired property subjected to a Lien pursuant to terms existing at the time of such

acquisition, it being understood that such requirement shall not be permitted to apply to any

propertytowhichsuchrequirementwouldnothaveappliedbutforsuchacquisition)and

(<u>iii</u>) such Lien shall be created no later than the later of the date of such acquisition or the date of

the assumption of such Indebtedness;

(n)any encumbrance or restriction (including put and call agreements) with

respect to the Stock or Stock Equivalents of any joint venture or similar arrangement pursuant to

the joint venture or similar agreement with respect to such joint venture or similar arrangement;

(o)Liens on intellectual property, including any foreign patents, patent

applications, trademarks, trademark applications, trade names, copyrights, copyright

applications, trade secrets, technology, know-how, processes or other intellectual property rights;

*provided* that such Liens result from the granting of licenses in the ordinary course of business to

or from any Person to use such intellectual property or such foreign patents, patent applications,

trademarks, trademark applications, trade names, copyrights, copyright applications, trade

secrets, technology, know-how, processes or other intellectual property rights, as the case may

be;

(p)Liens in respect of Guaranty Obligations permitted under *Section 8.1(e)*

relating to Indebtedness otherwise permitted under *Section 8.1*, to the extent Liens in respect of

such Indebtedness are permitted under this *Section 8.2*;

(q)Liens not otherwise permitted by the other clauses of this *Section 8.2*

securing obligations or other liabilities of Borrower or any of its Restricted Subsidiaries;

provided that the aggregate outstanding amount of all such obligations and liabilities secured by

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![image_8.jpg](image_8.jpg)

![floatingimage_645.jpg](floatingimage_645.jpg)

such Liens shall not exceed the greater of $20,250,000 and 3.9% of Consolidated Total Assets of

Borrower(atthetimeofincurrence)atanytime;<u>EBITDA</u><u>of</u><u>the</u><u>Borrower</u><u>and</u><u>its</u><u>Restricted</u>

![image_8.jpg](image_8.jpg)

![floatingimage_645.jpg](floatingimage_645.jpg)

![floatingimage_968.jpg](floatingimage_968.jpg)

<u>Subsidiaries as of the last day of the most recent Financial Covenant Period for which Financial</u>

![floatingimage_812.jpg](floatingimage_812.jpg)

<u>Statements have been delivered pursuant to</u> *<u>Section 6.1</u>*<u>;</u>

(r)Liens on property of any Foreign Subsidiary of Borrower in respect of

Indebtedness of such Subsidiary permitted by *Section 8.1(h)*;

(s)Liens in respect of Indebtedness of Borrower and its Restricted Subsidiaries

permitted by *Section 8.1(a)(ii)*, *(b),(c)(x)* and *(q)(x)*, and in respect of any renewal, extension,

refinancing of such Indebtedness pursuant to *Section 8.1(j)(ii)*, so long as in each case such

Indebtedness (to the extent secured) and Liens are to the extent secured subject to the

Intercreditor Agreement;

(t)Liens on assets subject to a Sale and Leaseback Transaction in respect of

Indebtedness permitted pursuant to *Section 8.1(v)*;

(u)Liens on insurance policies and the proceeds thereof securing the financing

of the premiums with respect thereto;

(v)LienssecuringIndebtednesspermittedunder*Section8.1(aa)(C)*and*(D)*;

*provided* that such Liens are limited to Liens on cash and Cash Equivalents; and

(w)Liens securing Indebtedness permitted under *Section 8.1(bb)*; *provided* that

such Liens are limited to Liens on cash and Cash Equivalents (other than proceeds of Revolving

Loans) and such cash and Cash Equivalents shall not constitute Unrestricted Cash.

For purposes of determining compliance with this *Section 8.2*, in the event that any Lien meets

the criteria of more than one of the types of Liens described in *clauses (a)* through *(w)* above,

Borrower, in its sole discretion, shall classify such Lien and may include the amount and type of

such Lien in one or more of such clauses (including in part under one such clause and in part

under another such clause).

***Section 8.3Investments****.*Borrowershallnot,andshallnotpermitanyofits

Restricted Subsidiaries to, directly or indirectly make or maintain any Investment except for the

following:

(a)Investments existingon the ClosingDate and disclosed on *Schedule 8.3,*

including intercompany loans, and Subsidiaries existing on the Closing Date as disclosed on

*Schedule 4.2*;

(b)Investments by Borrower or any of its Restricted Subsidiaries in cash and

Cash Equivalents;

(c)Investments by Borrower or any of its Restricted Subsidiaries in accounts,

payment intangibles and chattel paper (each as defined in the UCC), notes receivable, extensions

of trade credit and similar items arising or acquired in the ordinary course of business;

(d)Investments received in settlement of amounts due to Holdings, Borrower or

any Restricted Subsidiary of Borrower effected in the ordinary course of business;

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![floatingimage_645.jpg](floatingimage_645.jpg)

![image_8.jpg](image_8.jpg)

![floatingimage_645.jpg](floatingimage_645.jpg)

(e)anyInvestmenttotheextentqualifyingasaPermittedIntercompany

Transaction;

(f)anyGuarantyObligationspermittedunder*Section8.1(e)*;

(g)any Investment constituting a Permitted Acquisition, including any

Investment in the formof a capital contribution or intercompany Indebtedness amongthe Agilon

Entities (other than any Securitization Subsidiary) for the purpose of consummating a Permitted

Acquisition;

(h)[Reserved];

(i)Investments made in connection with the Transactions;

(j)[Reserved];

(k)loans or advances made to officers or employees of any Parent Entity or

Holdings, Borrower or any of its Subsidiaries and Guaranty Obligations of Holdings, Borrower

or any of its Restricted Subsidiaries in respect of obligations of employees of any Parent Entity

or Holdings, Borrower or any of its Subsidiaries, (i) in respect of travel, entertainment or moving

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related expenses incurred in the ordinary course of business, (<u>ii</u>) in respect of moving related

expenses incurred in connection with any closing or consolidation of any Facility, or (<u>iii</u>) in the

ordinary course of business and (in the case of this *clause (iii)*) in an aggregate amount which

does not exceed $5,000,000 at any time; *provided* that with respect to any employee of any

Parent Entity, no such loans or advances shall be permitted unless the activities of such employee

relate primarily to Borrower and its Subsidiaries;

(l)Investments in (i) a Special Purpose Entity made in connection with

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establishing a Securitization Facility and (<u>ii</u>) a Securitization Subsidiary; *provided* that the

proceeds of any such Investment are not used by such Securitization Subsidiary for any other

Investment;

(m)any Investment constituting a Permitted Joint Venture, including any

Investment in the form of an capital contribution or intercompany Indebtedness among Agilon

Entities (other than any Securitization Subsidiary) for the purpose of consummating a Permitted

Joint Venture;

(n)loans and advances to Management Investors in connection with the

purchasebysuchManagementInvestorsofStockorStockEquivalentsofHoldingsoranyParent

Entity (so long as Holdings or such Parent Entity, as applicable, applies an amount equal to the

net cash proceeds of such purchases to, directly or indirectly, make capital contributions to, or

purchase Stock or Stock Equivalents of Borrower or applies such proceeds to pay Holdings or

Parent Entity expenses) of up to $5,000,000 outstanding at any one time;

(o)Investments of Borrower and its Restricted Subsidiaries under Hedging

Contracts made in the ordinary course of business and not for speculative purposes;

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![floatingimage_645.jpg](floatingimage_645.jpg)

![image_8.jpg](image_8.jpg)

![floatingimage_645.jpg](floatingimage_645.jpg)

(p)Investments in the nature of pledges or deposits with respect to leases or

utilities provided to third parties in the ordinary course of business or otherwise described under

the definition of Customary Permitted Liens;

(q)Investments representing non-cash consideration received by Borrower or

any of its Restricted Subsidiaries in connection with any Disposition;

(r)Investments in industrial development or revenue bonds or similar

obligations secured by property or assets leased to and operated by Borrower or any of its

Restricted Subsidiaries that were issued in connection with the financing or refinancing of such

property or assets, so long as Borrower or any such Restricted Subsidiary may obtain title to such

property or assets at any time by optionally canceling such bonds or obligations, paying a

nominal fee and terminating such financing transaction;

(s)Investments representing evidences of Indebtedness, securities or other

property received from another Person by Borrower or any of its Restricted Subsidiaries in

connection with any bankruptcy proceeding or other reorganization of such other Person or as a

result of foreclosure, perfection or enforcement of any Lien or exchange for evidences of

Indebtedness, securities or other property of such other Person held by Borrower or any of its

Restricted Subsidiaries; *provided* that any such securities or other property received by Borrower

or any other Loan Party is pledged to the Administrative Agent for the benefit of the Lenders

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pursuant to the Security<u>Collateral</u>Documents to the extent required by *Section 7.11*;

(t)Investments by Borrower or any of its Restricted Subsidiaries in an

aggregate amount at any time not exceeding the greater of $20,250,000 and 3.9% of

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Consolidated Total Assets of Borrower (at the time of<u>EBITDA of the Borrower and its</u>

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<u>Restricted Subsidiaries as of the last day of the most recent Financial Covenant Period for which</u>

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<u>Financial Statements have been delivered pursuant to</u> *<u>Section 6.1</u>*<u>, calculated on a Pro Forma</u>

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<u>Basis after giving effect to such</u>Investment);

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(u)anyInvestmentinanamountthatdoesnotexceedtheAvailableAmount

immediately prior to the time of the making of such Investment; *provided* that no Event of

Default pursuant to *Section 9.1(a)*, *Section 9.1(b)*, or *Section 9.1(f)* has occurred and is

continuing or would result therefrom;

(v)any Investment to the extent not exceeding the Available Excluded

Contribution Amount immediately prior to the time of the making of such Investment; *provided*

that no Event of Default pursuant to *Section 9.1(a)*, *(b)*, or *(f)* has occurred and is continuing or

would result therefrom; and

(w)loansandadvancestoandotherInvestmentsinRelatedCorporations

(<u>a</u>)made on a basis consistent with past practices or made in the ordinary course of business,

pursuant to or in connection with Related Corporation Contracts, including obtaining letters of

credit on behalf of Related Corporations or (<u>b</u>) in connection with the acquisition of, or

Investment in, any Person that becomes a Related Corporation (promptly following such

acquisition or Investment), in any such case by the Related Corporation in which such loans,

advances or other Investments were made in or to on a basis consistent with past practices or

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made in the ordinary course of business, including the entry into applicable Related Corporation

Contracts in connection therewith.

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For purposes of determining compliance with this *Section 8.3*, (<u>a</u>) in the event that any

InvestmentmeetsthecriteriaofmorethanoneofthetypesofInvestmentsdescribedin*clauses*

*(a)* through *(w)* above, Borrower, in its sole discretion, shall classify such item of Investment and

may include the amount and type of such Investment in one or more of such clauses (including in

part under one such clause and in part under another such clause) and (<u>b</u>) the amount of any

Investment outstanding at any time under *Sections 8.3(k)(iii)*, *(m)*, *(n)*, *(t)*, and *(u)* shall be the

original cost of such Investment, reduced (at Borrower's option) by any dividend, distribution,

interest payment, return of capital, repayment or other amount or value received in respect of

such Investment; *provided* that to the extent that the amount of Investments outstanding at any

time pursuant to *Section 8.3(u)* is so reduced by any portion of any such amount or value that

wouldotherwise be includedin the calculation ofAvailable Amount pursuant to*clause (b)*, *(e)*or

*(f)*of the definition thereof, such portion of suchamount or value shall not be so included.

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NotwithstandinganyprovisiontothecontraryelsewhereinthisAgreement,theconsummationof

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<u>any transaction (whether by way of sale, conveyance, transfer, or other disposition, and whether</u>

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<u>in</u><u>a</u><u>single</u><u>transaction</u><u>or</u><u>series</u><u>of</u><u>related</u><u>transactions)</u><u>that</u><u>results</u><u>in</u><u>the</u><u>transfer</u><u>of</u><u>Material</u>

<u>IntellectualPropertyfromtheBorroweroranyRestrictedSubsidiarytoanUnrestricted</u>

<u>Subsidiary shall not constitute an Investment permitted under this Section</u> <u>8.3.</u>

***Section 8.4Sale of Assets****.*Borrower shall not, and shall not permit any of its

Restricted Subsidiaries to, sell, convey, transfer, lease, sublease or otherwise dispose of, any of

their respective assets or any interest therein (including the sale or factoring at maturity or

collection of any account) to any Person, or permit or suffer any other Person to acquire any

interest in any of their respective assets or issue or sell any shares of such Subsidiary's Stock or

Stock Equivalent (each, a "*<u>Disposition</u>*"), except for the following:

(a)the Disposition of any property or assets in the ordinary course of business

consistent with past practices;

(b)(i) the Disposition by Borrower or any of its Restricted Subsidiaries of

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equipment or inventory that has become obsolete, damaged or condemned or is replaced in the

ordinary course of business and (<u>ii</u>) the sale or discount without recourse of past due Accounts

Receivable or past due notes receivable, or the conversion or exchange of such Accounts

Receivable into or for notes receivable, in connection with the compromise or collection thereof

in the ordinary course of business;

(c)the Disposition of assets or property in connection with any Sale and

Leaseback Transaction to the extent the aggregate Fair Market Value (as of the date on which a

legally binding commitment for such Disposition was entered into) of all such assets and

properties covered by sale and leaseback transactions permitted by this *clause (c)* would not

exceed (i) at any time prior to a Qualifying Threshold IPO, $15,000,000 or (<u>ii</u>) at any time

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following a Qualifying Threshold IPO, $25,000,000;

(d)(i) the abandonment or other Disposition of patents, patent applications,

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trademarks, trademark applications or other intellectual property that are, in the reasonable

judgment of Borrower, no longer economically practicable to maintain or useful in the conduct

of the business of Borrower and its Restricted Subsidiaries taken as a whole and (<u>ii</u>) assignments

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and licenses, including sublicenses, of intellectual property of Borrower or any of its Restricted

Subsidiaries in the ordinary course of business or in connection with a Permitted Joint Venture;

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(e)subject to any restrictions set forth in *Section 8.6(a)*, any Disposition by

Borrower or any of its Restricted Subsidiaries to Borrower or any Wholly-Owned Subsidiary of

Borrower other than Dispositions in the ordinary course of business under *clause (a)* above;

*provided* that in the case of any Disposition from a Loan Party to a Non-Loan Party, the

aggregateconsiderationreceivedinconnectionwithsuchDispositionshallnotexceed

$15,000,000;

(f)(i) any Financing Disposition and (<u>ii</u>) the sale or factoring at maturity or

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collection of any Accounts Receivable, in each case for the Fair Market Value (as of the date on

which a legally binding commitment for such Disposition was entered into) thereof;

(g)any assignment, sale or other disposition of payment intangibles more than

90 days past due made in connection with the collection of such delinquent payment intangibles;

(h)any other Disposition (not otherwise permitted by this *Section 8.4*) for Fair

Market Value (as of the date on which a legally binding commitment for such Disposition was

entered into); *provided* that (i) at least 75% of the consideration received in connection with such

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Disposition (excluding any consideration by way of relief from, or by any other Person assuming

responsibility for, any liabilities, contingent or otherwise, that are not Indebtedness) is in the

form of cash or Cash Equivalents with respect to any such Disposition for which the aggregate

consideration received exceeds $2,000,000 and (<u>ii</u>) all Net Cash Proceeds of such Dispositions

are applied to the Term Loans to the extent required by *Section 2.9*;

(i)the Disposition of any assets, Stock or Stock Equivalents in connection with

any Permitted Intercompany Transaction;

(j)any Disposition of Stock of a Subsidiary of Holdings (other than Borrower)

that becomes a Parent Entity ("*<u>New Parent Entity</u>*"), including as a result of a merger of Holdings

with a Subsidiary in which (<u>x</u>) previously outstanding Stock of Holdings isconverted into or

becomes a right to receive Stock of a New Parent Entity and (<u>y</u>) Stock of Holdings as the

continuing or surviving Person in such merger consist of Stock directly or indirectly held by a

New Parent Entity; *provided* that following any such Disposition that Holdings continues to own

and controls all of the outstanding Stock of Borrower;

(k)the conversion of any Restricted Subsidiary into a Related Professional

Corporation in a manner consistent with past practices or in the ordinary course of business,

including the entry into applicable Related Corporation Contracts in connection therewith;

(l)anyDisposition set forthon *Schedule 8.4(k)*; and

(m)(i) the Disposition of any non-core or non-strategic assets acquired in

connection with a Permitted Acquisition or similar Investment for Fair Market Value (as of the

date on which a legally binding commitment for such Disposition was entered into); *provided*

that, (<u>x</u>) to the extent required by *Section 2.09(a)*, such Net Cash Proceeds from any such sale are

reinvested or applied in prepayment of the Loans in accordance with the provisions of *Section*

*2.09(a)*, (<u>y</u>) immediately after giving effect thereto, no Event of Default would exist (as of the

date on which a legally binding commitment for such Disposition was entered into) and (<u>z</u>) the

fairmarketvalue(asdeterminedbytheBorroweringoodfaith)ofsuchnon-coreornon-strategic

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![floatingimage_645.jpg](floatingimage_645.jpg)

![image_8.jpg](image_8.jpg)

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assets so Disposed (measured at the time the definitive agreement for such Disposition is entered

into) shall not exceed 25% of the purchase price paid for all such assets acquired in such

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![floatingimage_569.jpg](floatingimage_569.jpg)

Permitted Acquisition or (<u>ii</u>) the Disposition of assets that are necessary or advisable, in the good

faith judgment of the Borrower, in order to obtain the approval of any Governmental Authority to

consummate or avoid the prohibition or other restrictions on the consummation of any Permitted

Acquisition or any Investment permitted by *Section 8.3*; *provided* that, (<u>x</u>) to the extent required

by *Section 2.09(a)*, such Net Cash Proceeds from any such sale are reinvested or applied in

prepaymentoftheLoansinaccordancewiththeprovisionsof*Section2.09(a)*and

(<u>y</u>) immediately after giving effect thereto, no Event of Default would exist (as of the date on

which a legally binding commitment for such Disposition was entered into);

*provided* that no individual Disposition of assets or property with a Fair Market Value (as of the

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dateonwhichalegallybindingcommitmentforsuchDispositionwasenteredinto)of(i)below

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$500,000 or (<u>ii</u>) collectively yielding $2,000,000 or less in any Fiscal Year, shall constitute a

Disposition for the purposes of this *Section 8.4*.

***Section 8.5Restricted Payments****.*The Borrower shall not, and shall not permit any

of its Restricted Subsidiaries to, directly or indirectly, make any Restricted Payment on or after

the Closing Date except for the following:

(a)RestrictedPayments(i)byanyRestrictedSubsidiarytoBorrower,(<u>ii</u>)by any

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Restricted Subsidiary to any other Restricted Subsidiary to the extent qualifying as a Permitted

Intercompany Transaction or (<u>iii</u>) declared and paid on the common Stock of Borrower or the

Restricted Subsidiaries and payable only in common Stock or Stock Equivalents of Borrower or

the Restricted Subsidiaries;

(b)Restricted Payments in cash in an aggregate amount not to exceed (i) at any

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timepriortoaQualifyingThresholdIPO,$5,000,000,(<u>ii</u>)atanytimefollowingaQualifying

Threshold IPO, but prior to October 1, 2023, the greater of $5,000,000 and 1.0% of Consolidated

Total Assets or (<u>iii</u>) at anytime followinga Qualifying Threshold IPO, but on or after October 1,

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2023, the greater of $20,000,000 and 3.9% of Consolidated Total Assets<u>EBITDA of the</u>

<u>Borrower and its Restricted Subsidiaries as of the last day of the most recent Financial Covenant</u>

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<u>Period for which Financial Statements have been delivered pursuant to</u> *<u>Section 6.1</u>*<u>, calculated on</u>

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<u>a Pro Forma Basis after giving effect to such Restricted Payment</u>; *provided* that no Default or

Event of Default has occurred and is continuing or would result therefrom;

(c)at any time following a Qualifying Threshold IPO, Borrower may make

Restricted Payments in cash to Holdings for purposes of making any dividend, payment or

distribution to the holders of the Stock or Stock Equivalents of Holdings in an amount not

exceedingan amount equal to the AvailableAmount immediatelyprior to the time of themaking

of such Restricted Payment; *provided* that, (i) at the time of such payment, dividend or

distribution, no Default or Event of Default has occurred and is continuing or would result

therefrom and (<u>ii</u>) immediately after giving effect to such Restricted Payment, the First Lien

Leverage Ratio of Borrower as at the last day of the most recent Financial Covenant Period for

whichFinancialStatementshavebeendeliveredpursuantto*Section6.1*islessthanorequalto

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2.001.50 to 1.00; *provided*, *further*, that from and after the Third Amendment Effective Date, no

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<u>Restricted Payments may be made pursuant to this</u> *<u>clause (c)</u>* <u>unless EBITDA of the Borrower</u>

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<u>and its Restricted Subsidiaries as of the last day of at least two consecutive Financial Covenant</u>

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<u>Periods,</u><u>each</u><u>ending</u><u>after</u><u>the</u><u>Third</u><u>Amendment</u><u>Effective</u><u>Date</u><u>and</u><u>for</u><u>which</u><u>Financial</u>

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![floatingimage_645.jpg](floatingimage_645.jpg)

![image_8.jpg](image_8.jpg)

![floatingimage_645.jpg](floatingimage_645.jpg)

![floatingimage_968.jpg](floatingimage_968.jpg)

<u>Statements</u><u>have</u><u>been</u><u>delivered</u><u>pursuant</u><u>to</u>*<u>Section</u><u>6.1</u>*<u>,</u><u>shall</u><u>have</u><u>been</u><u>equal</u><u>to</u><u>an</u><u>amount</u>

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<u>greater than $0;</u>

(d)Borrower may make Restricted Payments in cash sufficient to cover

reasonable and necessary expenses (including professional fees and expenses) (other than taxes)

incurred by Holdings or any Parent Entity in connection with (i) registration, public offerings and

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exchange listing of equity or debt securities and maintenance of the same, (<u>ii</u>) compliance with

reporting obligations under, or in connection with compliance with, federal or state laws or under

this Agreement or any of the other Loan Documents, (<u>iii</u>) indemnification and reimbursement of

directors, officers and employees in respect of liabilities relating to their serving in any such

capacity, or obligations in respect of director and officer insurance (including premiums therefor)

and indemnification obligations to other Persons under its charter or by-laws or pursuant to

written agreements with or for the benefit of any such Person, (<u>iv</u>) accounting, legal,

administrative and other general corporate and overhead expenses, other fees and expenses

required to maintain the existence of Holdings or such Parent Entity and other incidental

operating costs and expenses incurred in the ordinary course, including salary, bonus and other

benefits payable to, and indemnities provided on behalf of, officers and employees of Holdings

or any such Parent Entity, and (<u>v</u>) reasonable directors' fees and out-of-pocket expenses of

directors of Holdings or any such Parent Entity; *provided* that if any Parent Entity shall own any

material assets other than the Stock or Stock Equivalents of Holdings, then such cash dividends

shall be limited to the reasonable and proportional share of expenses permitted by this *Section*

*8.5(d)* incurred by such Parent Entity relating or allocable to its direct or indirect ownership

interestin Holdings, in each case as determined by Borrower in its reasonable discretion based

on the relative benefit to Borrower and its Subsidiaries from the incurrence of such expenses;

(e)Borrower may repurchase Stock or Stock Equivalents or may make

Restricted Payments in cash in an amount sufficient to allow Holdings or any Parent Entity or

Affiliate to repurchase Stock or Stock Equivalents of Holdings or a Parent Entity or Affiliate or

rights, options,units or other equity-based interests in respect thereof from any Management

Investors or former Management Investors (or any of their respective heirs, successors, assigns,

legal representatives or estates), or as otherwise contemplated by any Management Subscription

Agreementsforanaggregatepurchaseprice(aftertheClosingDate)nottoexceed

(i) (<u>y</u>)$5,000,000, *plus* (<u>z</u>)$2,500,000 multiplied by the number of calendar years that have

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commenced since the Closing Date plus (<u>ii</u>) the Net Cash Proceeds received by Borrower after

the Closing Date from or as a capital contribution from, the issuance or sale to Management

Investors of Stock and Stock Equivalents (including any options, warrants or other rights in

respect thereof), to the extent such Net Cash Proceeds are not included in any calculation under

any other clause in this *Section 8.5* or in determining the Available Amount or Available

Excluded Contribution Amount, plus (<u>iii</u>) the cash proceeds of key man life insurance policies

received by Borrower (or by any of its Subsidiaries and contributed to Borrower) since the

Closing Date; *provided* that no Event of Default under *Section 9.1(a)*, *(b)* or *(f)* has occurred and

is continuing or would result therefrom and; *provided further* that any actions permitted under

*Section 8.5(h)* shall not be subject to this *Section 8.5(e)*;

(f)BorrowerandeachRestrictedSubsidiarymaymakeRestrictedPayments in

cash to pay or permit Holdings or any Parent Entity to pay any Related Taxes;

(g)BorrowerandeachRestrictedSubsidiarymaymakeRestrictedPayments in

cashinanamountsufficienttoallowanyParentEntity,HoldingsandeachRestricted

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![floatingimage_645.jpg](floatingimage_645.jpg)

![image_8.jpg](image_8.jpg)

![floatingimage_645.jpg](floatingimage_645.jpg)

Subsidiary of Borrower to pay all amounts owing in connection with the Transactions, including

fees and expenses in connection with the Transactions;

(h)Borrower may repurchase or withhold, or may make Restricted Payments in

cash to Holdings in an amount sufficient to allow Holdings or any Parent Entity to repurchase or

withhold, Stock or Stock Equivalents of Holdings or such Parent Entity in connection with the

exercise of stock options or warrants or the vesting of restricted stock (including restricted stock

units) under employee compensation arrangements if such Stock or Stock Equivalents represents

a portion of the exercise price of, or withholding obligation with respect to such options,

warrants or restricted stock and any related payment in respect of any such obligation; *provided*

that with respect to any Parent Entity the amount of any such repurchases, withholding or

dividend with respect to any employee shall be limited to a reasonable proportionate share based

on the benefit of the activities of such employee to Borrower and its Restricted Subsidiaries;

(i)BorrowerandeachRestrictedSubsidiarymaymakeRestrictedPayments in

cash to pay or permit Holdings or any Parent Entity to pay any amounts payable pursuant tothe

CD&R Consulting Agreements; *provided* that solely with respect to obligations to pay

consulting, advisory or monitoring fees (but for the avoidance of doubt, not any fees payable in

respect of any officer, advisor or employee appointed to an executive management position in

any Agilon Entity or any Parent Entity in relation to services provided in such executive

management position) no Event of Default pursuant to *Section 9.1(a)*, *(b)* or *(f)* has occurred and

is continuing or would result therefrom;

(j)Borrower may (i) in the case of any Excluded Contribution in the formof

![floatingimage_334.jpg](floatingimage_334.jpg)

cash, make Restricted Payments in cash up to the amount of such Excluded Contribution and

(<u>ii</u>) in the case of any Excluded Contribution in the form of assets or property, distribute such

assets or property, in each case, to the extent such Excluded Contribution is not applied to the

designated purpose for such Excluded Contribution; *provided* that at the time of any such

Restricted Payment, no Event of Default pursuant to *Section 9.1(a)*, *(b)* or *(f)* has occurred and is

continuing or would result therefrom;

(k)BorrowerandeachRestrictedSubsidiarymaymakeRestrictedPayments in

cash to the extent permitted or required pursuant to any Tax Sharing Agreement (but for the

avoidance of doubt without duplication of amounts paid pursuant to *clause (f*));

(l)Borrower and/or its Restricted Subsidiaries may make Restricted Payments

in connection with the Transactions;

(m)Parent, Holdings, Borrower and/or their Restricted Subsidiaries may make

payments in connection with any Qualifying IPO;

(n)the Borrower and each Restricted Subsidiary may make Restricted Payments

in cash to pay or permit Holdings or any Parent Entity to pay any amounts payable in respect of

guarantees, indemnities, obligations in respect of earnouts or other purchase price adjustments, or

similar obligations, incurred in connection with the acquisition or disposition of any business,

assets or Person by the Borrower or any Restricted Subsidiary; and

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![floatingimage_645.jpg](floatingimage_645.jpg)

![image_8.jpg](image_8.jpg)

![floatingimage_645.jpg](floatingimage_645.jpg)

(o)any dividend paid within 60 days after the date of declaration thereof if at

such date of declaration, such dividend or redemption would have complied with this *Section 8.5*.

Notwithstanding any other provision of this Agreement, this Agreement shall not restrict any

redemption or other payment bythe Borrower or anyRestricted Subsidiary made as a mandatory

principal redemption or other payment in respect of Junior Debt pursuant to an "AHYDO saver"

provision of any agreement or instrument in respect of Junior Debt, and the Borrower's

determination in good faith of the amount of any such "AHYDO saver" mandatory principal

redemption or other payment shall be conclusive and binding for all purposes under this

Agreement.

***Section 8.6Restrictions on Fundamental Changes****.*

(a)Except in connection with a Permitted Acquisition, Permitted Intercompany

Transaction, Permitted Joint Venture, a Permitted Intercompany Merger or, other than with

respect to Holdings, a Disposition permitted under *Section 8.4*, Borrower shall not, and shallnot

permitanyRestrictedSubsidiaryto,(<u>a</u>)mergeoramalgamatewithanyPerson,

(<u>b</u>) consolidate with any Person, or (<u>c</u>)convey, sell, lease, assign, transfer or otherwise dispose

of, all or substantially all of its property, business or assets.

(b)[Reserved].

***Section 8.7Change in Nature of Business*** .

(a)Borrower shall not, and shall not permit any of its RestrictedSubsidiaries to,

engage in anymaterial line of business substantiallydifferent fromthose lines of business

conducted on the Closing Date or any business reasonably related, complementary, incidental or

ancillary thereto, whether in connection with a Permitted Acquisition or otherwise.

***Section 8.8Transactions with Affiliates****.*Borrower shall not, and shall not permit any

of its Restricted Subsidiaries to, except as otherwise expressly permitted in this Agreement, enter

into any transaction, including any purchase, sale, lease or exchange of property or the rendering

of any service, with any Affiliate unless such transaction is (<u>A</u>) not otherwise prohibited under

this Agreement, and (<u>B</u>) upon terms no less favorable to Borrower or such Restricted Subsidiary,

as the case may be, than it would obtain in a comparable arm's length transaction with a Person

which is not an Affiliate; *provided* that nothing contained in this *Section 8.8* shall be deemed to

prohibit:

(a)Borrower or any Agilon Restricted Entity from enteringinto, modifying or

performing any consulting, management, compensation, benefits or employment agreements or

other compensation arrangements with a director, officer, employee or former officer, director or

employee of Borrower or any Agilon Restricted Entity in the ordinary course of business;

(b)any Designated CD&R Agreement and the performance of any obligations

thereunder;

(c)the payment of all amounts owing in connection with this Agreement or any

of the Transactions;

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(d)BorroweroranyofitsSubsidiariesfromenteringinto,makingpayments

pursuant to and otherwise performing an indemnification and contribution agreement in favor of

any Permitted Holder and each person who is or becomes a director, officer, agent or employee

ofHoldings,BorroweroranyofitsSubsidiariesoranyParentEntity,inrespectofliabilities

(i) arising under the Securities Act, the Exchange Act and any other applicable securities laws or

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otherwise, in connection with any offering of securities by any Parent Entity (*provided* that, if

such Parent Entity shall own any material assets other than the Stock or Stock Equivalents of

Holdings or another Parent Entity, or other assets relating to the ownership interest of such

Parent Entity in Borrower or another Parent Entity, such liabilities shall be limited to the

reasonable and proportional share, as determined by Borrower in its reasonable discretion based

on the benefit therefrom to Borrower and its Subsidiaries, of such liabilities relating or allocable

to the ownership interest of such Parent Entity in Borrower or another Parent Entity and such

other related assets) or Borrower or any of its Subsidiaries, (<u>ii</u>) incurred to third parties for any

action or failure to act of Borrower or any of its Subsidiaries or any Parent Entity or any of their

predecessors or successors, (<u>iii</u>) arising out of the performance by any CD&R Investor of

management consulting or financial advisory services provided to Borrower or any of its

Subsidiaries or any Parent Entity, (<u>iv</u>) arising out of the fact that any indemnitee was or is a

director, officer, agent or employee of Borrower or any of its Subsidiaries or any Parent Entity,

or is or was serving at the request of any such corporation as a director, officer, employee or

agent of another corporation, partnership, joint venture, trust or enterprise or (<u>v</u>) to the fullest

extent permitted by Delaware or other applicable state law, arising out of any breach or alleged

breach bysuch indemnitee of his or her fiduciarydutyas a director or officer of Borrower or any

of its Subsidiaries or any Parent Entity;

(e)(i) any Permitted Intercompany Transaction or Permitted Intercompany

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Merger or (<u>ii</u>) any transaction in the ordinary course of business, or approved by a majority of the

Board of Directors, between Borrower or any Restricted Subsidiary and any Permitted Joint

Venture (other than any Permitted Joint Venture entered into with another portfolio company of

CD&R) controlled by Borrower or any Restricted Subsidiary;

(f)any issuance or sale of Stock or Stock Equivalents of Holdings or any Parent

Entity or any capital contribution to Borrower;

(g)the execution, delivery and performance of any Tax Sharing Agreement;

(h)the execution, delivery and performance of agreements (i)under which

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BorroweroritsSubsidiariesdonotmakepaymentsorprovideconsiderationinexcessof

$3,000,000 per Fiscal Yearor (<u>ii</u>) setforth on *Schedule8.8*;

(i)anytransactionbyBorrowerwithaRestrictedSubsidiaryofBorroweror

among Restricted Subsidiaries of Borrower;

(j)anytransactionwithaNon-LoanPartytotheextentpermittedby *Section*

*8.3(e)*, *Section 8.4(a)*, *Section 8.4(e)* or *Section 8.5(a)*;

(k)any transaction between or among the Borrower or any Restricted

Subsidiary and any Related Corporation pursuant to or in connection with a Related Corporation

Contract; and

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(l)anyRestrictedPaymentpermittedby*Section 8.5*.

For purposes of this *Section 8.8*, (i) any transaction with any Affiliate shall be deemed to have

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satisfied the standard set forth in *clause (B)* of the first sentence hereof if (<u>x</u>) such transaction is

approved by a majority of the Disinterested Directors of the Board of Directors, or (<u>y</u>) in the

event that at the time of any such transaction, there are no Disinterested Directors serving on the

Board of Directors, such transaction shall be approved by a nationally recognized expert

reasonably satisfactory to the Administrative Agent with expertise in appraising the terms and

conditions of the type of transaction for which approval is required and (<u>ii</u>) "*<u>Disinterested</u>*

*<u>Director</u>*" shall mean, with respect to any Person and transaction, a member of the Board of

Directors of such Person who does not have any material direct or indirect financial interest in or

with respect to such transaction; a member of such Board of Directors shall not be deemed to

have a financial interest by reason of such member's holding capital stock of Borrower or any

Parent Entity or any options, warrants or rights in respect of such capital stock.

***Section 8.9RestrictionsonSubsidiaryDistributions;NoNewNegativePledge****.* 

Other than (<u>a</u>) pursuant to the Loan Documents, (<u>b</u>)anyagreementsorinstrumentsgoverningany

SecuritizationFacility,purchasemoneyIndebtedness,FinancingLeaseObligationsorother

Indebtedness permitted by *Section 8.1(a)(ii)*, *(b)*, *(c)*, *(d)(y)*, *(f)*, *(g)*, *(h)*, *(q)(x)*, *(t)*, *(u), (v)* or *(y)* 

or refinancing thereof pursuant to *Section 8.1(j)* or any Guarantee Obligations in respect of any

suchIndebtednesspermittedby*Section8.1(e)*orassumedIndebtednesspursuantto*Section* 

*8.1(q)(y)* or refinancing thereof pursuant to *Section 8.1(j)* (*provided* that in the case of this *clause* 

*(b)*, any prohibition or limitation shall only be effective against (<u>x</u>) in the case of purchase money

IndebtednessorFinancing LeaseObligations,theapplicableassetsfinancedthereby (orcross

collateralizedaspermittedby*Section8.2(d)*),(<u>y</u>) inthecaseofaSecuritizationFacility,the

Securitization Assets, or the applicable entities originally restricted thereby or (<u>z</u>) in the case of

assumedIndebtednesspursuantto*Section8.1(q)(y)*,theassetssecuringsuchIndebtedness),

(<u>c</u>) Contractual Obligations which (i) (<u>x</u>) exist on the date hereof, or (<u>y</u>) to the extent Contractual

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Obligations permitted by the immediately preceding *clause (x)* are set forth in an agreement

evidencing Indebtedness, are set forth in any agreement evidencing any permitted renewal,

extension or refinancing of such Indebtedness so long as such renewal, extension or refinancing

does not expand the scope of the restrictions described above that are contained in such

Contractual Obligation, (<u>ii</u>) are binding on a Restricted Subsidiary at the time such Restricted

Subsidiary first becomes a Restricted Subsidiary, so long as such Contractual Obligations were

notenteredintosolelyincontemplationofsuchPersonbecomingaRestrictedSubsidiary,

(<u>iii</u>) represent Indebtedness of a Restricted Subsidiary of Borrower which is not a Loan Party

which is permitted by *Section 8.1*, (<u>iv</u>) arise in connection with any Disposition permitted by

*Section 8.4* or (<u>v</u>) are customary provisions in joint venture agreements and other similar

agreements applicable to joint ventures permitted under *Section 8.3(m)* and applicable solely to

such joint venture entered into in the ordinary course of business, (<u>d</u>) any encumbrance,

restriction or agreement (i) that restricts in a customary manner the subletting, assignment or

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transfer of any property or asset that is subject to a lease, license or similar contract, or the

assignment or transfer of any lease, license or other contract, (<u>ii</u>) contained in mortgages, pledges

or other security agreements securing Indebtedness of Borrower or any of its Restricted

Subsidiariestotheextentrestrictingthetransferofthepropertyorassetssubjectthereto,

(<u>iii</u>) pursuant to customary provisions restricting dispositions of real property interests set forth

inanyreciprocaleasementagreementsofBorroweroranyofitsRestrictedSubsidiaries,

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(<u>iv</u>) encumbering or restricting cash or other deposits or net worth imposed by customers or

suppliersunderagreementsenteredintointheordinarycourseofbusiness,(<u>v</u>) pursuantto

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customary provisions contained in joint venture agreements applicable to Permitted Joint

Ventures and applicable solely to such Permitted Joint Venture, (<u>vi</u>) that arises or is agreed to in

the ordinary course of business and does not detract from the value of property or assets of

Borrower or any of its Restricted Subsidiaries in any manner material to Borrower or such

Subsidiaries, or (<u>vii</u>) pursuant to customary provisions contained in Hedging Contracts, (<u>e</u>) any

encumbrance, restriction or agreement with respect to a Subsidiary (or any of its property or

assets) imposed in connection with a Disposition permitted by*Section 8.4* pending the closingof

such Disposition, (f) any encumbrance, restriction or agreement arising by reason of any

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Requirement of Law, or required by any Governmental Authority having jurisdiction over

Borrower or any of its Restricted Subsidiaries or any of their businesses or (<u>g</u>) any Related

Corporation Contracts, Borrower shall not, and shall not permit any of its Restricted Subsidiaries

to, (i) agree to enter into or suffer to exist or become effective any consensual encumbrance or

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restriction of any kind on the ability of such Restricted Subsidiary to pay dividends or make any

other distribution or transfer of funds or assets or make loans or advances to or other Investments

in,orpayanyIndebtednessowedto,BorroweroranyotherRestrictedSubsidiarythereofor

(<u>ii</u>) enterintoorsuffertoexistorbecomeeffectiveanyagreementprohibitingorlimitingthe

ability of Borrower or any Restricted Subsidiary thereof to create, incur, assume or suffer to exist

any Lien upon any of its property, assets or revenues, whether now owned or hereafter acquired,

to secure the Secured Obligations, including any agreement requiring other Indebtedness or

Contractual Obligation to be equally and ratably secured with the Secured Obligations.

***Section 8.10[Reserved]***.

***Section 8.11[Reserved]***.

***Section 8.12Paymentof Junior Debt; Modification of Debt Agreements***.

(a)Borrower shall not, and shall not permit any of its RestrictedSubsidiaries to,

prepay, redeem, purchase, defease or otherwise satisfy prior to the scheduled maturity, scheduled

repayment or scheduled sinking fund payment thereof in any manner, or make any payment in

violation of any applicable intercreditor or subordination terms of, any Subordinated

Indebtedness, Indebtedness that is secured by Liens on all or any portion of the Collateral on a

junior basis to the Obligations and unsecured Indebtedness (collectively "*<u>Junior</u><u>Debt</u>*") except

that:(i) at any time following a Qualifying Threshold IPO, any such payment, prepayment,

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purchase, redemption, defeasance or other satisfaction or acquisition of such Junior Debt in an

amount that does not exceed the Available Amount immediately prior to the makingof such

payment, prepayment, purchase, redemption, defeasance or other satisfaction or acquisition shall

be permitted; *provided* that (<u>x</u>) no Default or Event of Default has occurred and is continuing or

would result therefrom and (<u>y</u>) immediately after giving effect to such payment, prepayment,

purchase, redemption, defeasance or other satisfaction or acquisition, the First Lien Leverage

Ratio of Borrower as of the last day of the most recent Financial Covenant Period for which

Financial Statements have been delivered pursuant to *Section 6.1*, calculated on a Pro Forma

Basis after giving effect to such payment, prepayment, purchase, redemption, defeasance or other

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satisfaction or acquisition, is less than or equal to 2.00<u>1.50</u>to 1.00; (<u>ii</u>) any such payment,

prepayment, purchase, redemption, defeasance or other satisfaction or acquisition of such Junior

Debt in an amount that does not exceed the Available Excluded ContributionAmount

immediately prior to the making of such payment, prepayment, purchase, redemption, defeasance

or other satisfaction or acquisition shall be permitted; *provided* that no Event of Default pursuant

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to *Section 9.1(a)*, *(b)* or *(f)* has occurred and is continuing or would result therefrom;(<u>iii</u>) any

renewals,extensions,refinancingsorrefundingspermittedby*Section8.1(j)*,

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shall be permitted; *provided* that any such renewals, extensions, refinancings or refundings shall

have the same (or lesser) priority (as to right of payment and security, as applicable) as the

Indebtedness being renewed, extended, refinanced or refunded; and (<u>iv</u>)payment of the

Promissory Note shall be permitted; and

(b)Borrower shall not, and shall not permit any of its RestrictedSubsidiaries to,

change or amend the terms of (<u>A</u>) documents governing any Junior Debt if the effect of such

amendment is to (i) (<u>x</u>) in the case of term loans or notes, shorten the maturity date of such

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Subordinated Indebtedness to a date prior to the then stated maturity of suchIndebtedness (or, if

earlier, the Latest Maturity Date) or provide for a shorter weighted average life to maturity than

the remaining average life of such Indebtedness (or, if earlier, the Tranche of Term Loans having

the Latest Maturity Date) or (<u>y</u>) be secured by any Lien on any asset thatdoesnotalsosecure

theFacilitiesor be guaranteed by any Person other than the Guarantors, or

(<u>ii</u>) if an Event of Default under *Sections 9.1(a)*, *9.1(b)* or *9.1(f)* has occurred and is continuing,

to change the terms of such Indebtedness in a manner that would grant the holders of such

Indebtedness security over any assets in addition to those that secure such Indebtedness prior to

such Event of Default or permit any Person to Guarantee such Indebtedness that does not

Guarantee such Indebtedness prior to such Event of Default or (<u>B</u>) the Promissory Note in a

manner adverse to interests of the Lenders in any material respect.

**ARTICLE IX** 

**EventsOfDefault**

***Section 9.1EventsofDefault****.*EachofthefollowingeventsshallbeanEventof

Default:

(a)Borrower shall fail to pay any principal of any Loan or any Reimbursement

Obligationwhenthesamebecomesdueandpayable;*provided*thatanynon-paymentof

principalorReimbursementObligationresultingfromtheBorrower'sgoodfaith payment of an

invoice received from the Administrative Agent shall not constitute an Event of Default; or

(b)Borrower shall fail to pay any interest on any Loan, any fee under any of the

Loan Documents or any other Obligation (other than referred to in *clause (a)*above) and such

non-payment continues for a period of five Business Days after the due date therefor; *provided*

that any non-payment of interest of any other amounts resulting from the Borrower's good faith

payment of an invoice received from the Administrative Agent shall not constitute an Event of

Default; or

(c)anyrepresentationorwarrantymadeordeemedmadebyanyLoanParty in

any Loan Document or by any Loan Party (or any of their respective officers) in connection with

any Loan Document shall prove to have been incorrect in any material respect when madeor

deemed made; or

(d)any Loan Partyshall fail to performor observe (i) any term, covenant or

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agreement contained in *Article V* (subject to *Section 9.3.* below), *Section 7.1* (with respect to the

Borrower) or *Article VIII*; or (<u>ii</u>) any other term, covenant or agreement contained in this

Agreement or in any other Loan Document if such failure under this *clause (ii)* shall remain

unremediedforaperiodof,inthecaseofadefaultwithrespecttofailuretodeliverfinancial

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statements under *Section 6.1* or related certificates under *<u>Section 6.1</u>*, 180 days, and in the case of

any other default, 30 days after the earlier of (<u>A</u>) the date on which a Responsible Officer of

Borrower becomes aware of such failure and (<u>B</u>) the date on which written notice thereof shall

have been given to Borrower by the Administrative Agent or any Lender; or

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(e)(i) <u>Parent or</u>any Agilon Restricted Entity shall fail to make any payment on

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any Indebtedness of <u>Parent or</u> such Agilon Restricted Entity<u>, respectively,</u>or any Guaranty

Obligation in respect of Indebtedness of any other Person within the applicable grace period with

respect thereto, and, in each case, such failure relates to Indebtedness having a principal amount

which exceeds (<u>A</u>) at any time prior to a Qualifying Threshold IPO, $15,000,000, (<u>B</u>) at any time

following a Qualifying Threshold IPO, but prior to October 1, 2023, $20,000,000 or (<u>C</u>) at any

time following a Qualifying Threshold IPO, but on or after October 1, 2023, $25,000,000, in

each case, when the same becomes due and payable (whether by scheduled maturity, required

prepayment, acceleration, demand or otherwise), (<u>ii</u>) any other event shall occur or condition

shall exist under any agreement or instrument relating to any such Indebtedness, if the effect of

such event or condition is to accelerate, or to permit, after the expiration of any applicable grace

or cure period therefor (and such grace or cure period shall have elapsed), with the giving of

notice if required (and such notice shall have been delivered), the acceleration of or the maturity

of such Indebtedness or (<u>iii</u>) any such Indebtedness shall become or be declared to be due and

payable, or required to be prepaid or repurchased (other than by a regularly scheduled required

prepayment), prior to the stated maturity thereof; or

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(f)(i) <u>Parent,</u> Holdings, Borrower or any Significant Subsidiary, or any

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combination of Restricted Subsidiaries that, taken together, would constitute a Significant

Subsidiary, shall make a general assignment for the benefit of creditors, (<u>ii</u>) any proceeding shall

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beinstitutedby or against any of <u>Parent,</u> Holdings, Borrower or any Significant Subsidiary or

any combination of Restricted Subsidiaries that, taken together, would constitute a Significant

Subsidiary, seeking to adjudicate it as bankrupt or insolvent, or seeking liquidation, winding up

or reorganization (other than a liquidation, winding up or reorganization permitted by *Section*

*8.6(a)* and not involving bankruptcy or insolvency proceedings), arrangement, adjustment,

protection, relief or composition of it or its debts, under any Requirement of Law relating to

bankruptcy, insolvency or reorganization or relief of debtors, or seeking the entry of an order for

relief or the appointment of a custodian, receiver, interim receiver, receiver and manager, trustee

or other similar official for it or for any substantial part of its property; *provided* that, in the case

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of any such proceedings instituted against <u>Parent,</u> Holdings, Borrower or any Significant

Subsidiary or any combination of Restricted Subsidiaries that, taken together, would constitute a

Significant Subsidiary (but not instituted by an Agilon Restricted Entity), either such proceedings

shall remain unbonded, undischarged, undismissed or unstayed for a period of 60 days or more or

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any action sought in such proceedings shall occur or (<u>iii</u>) <u>Parent,</u> Holdings, Borrower or any

Significant Subsidiary or any combination of Restricted Subsidiaries that, taken together, would

constitute a Significant Subsidiary shall take any corporate action to authorize any action set

forth in *clauses (i)* or *(ii)* above; or

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(g)[Reserved]; or<u>any material provision of the Parent Guaranty or, with</u><u>respect</u>![floatingimage_597.jpg](floatingimage_597.jpg)

<u>to</u> *<u>clause (ii)</u>*<u>below, any</u><u>material obligation of Parent under this Agreement or the Parent</u>

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<u>Guaranty, after delivery thereof pursuant to the Third Amendment, for any reason, other than as</u>

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<u>expressly permitted hereunder or satisfaction in full of the Obligations, (i) shall cease to be valid</u>

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<u>and binding on, or enforceable against, Parent or (ii) Parent shall so state in writing and in each</u>

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<u>case of</u> *<u>clause (i)</u>* <u>or</u> *<u>(ii)</u>* <u>such invalidity shall have continued unremedied for a period of five</u>

<u>Business Days; or</u>

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(h)one or more judgments or orders (or other similar process) involving an

amount, which exceeds (<u>A</u>) at any time prior to a Qualifying Threshold IPO, $15,000,000, (<u>B</u>) at

anytimefollowingaQualifyingThresholdIPO,butpriortoOctober1, 2023,$20,000,000or(<u>C</u>)

at any time following a Qualifying Threshold IPO, but on or after October 1, 2023, $25,000,000,

in each case, in the aggregate over all such money judgments, to the extent not covered by

insurance or an indemnity, shall be rendered against one or more of <u>Parent and/or</u> the Agilon

Restricted Entities and shall not have been vacated and shall remain unbonded, undischarged or

unstayed for a period of 60 days or more; or

(i)an ERISA Event or Foreign Benefit Event shall occur and the amount of all

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liabilities and deficiencies resulting therefrom, whether or not assessed, together with all other

ERISA Events and Foreign Benefit Events could reasonably be likely to have a Material Adverse

Effect; or

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(j)any material provision of the Guaranty or, with respect to *clause (ii)* below,

any material obligation of Borrower or Holdings under this Agreement, <u>or</u>the Guaranty, after

delivery thereof pursuant to this Agreement, for any reason, other than as expressly permitted

hereunder or satisfaction in full of the Obligations, (i) shall cease to be valid and binding on, or

enforceable against, any Significant Subsidiary or any combination of Restricted Subsidiaries

that,takentogether,wouldconstituteaSignificantSubsidiary,partythereto,or

(<u>ii</u>) any Significant Subsidiary, or any combination of Restricted Subsidiaries that, taken

together, would constitute a Significant Subsidiary, party thereto shall so state in writing and in

each case of *clause (i)*or *(ii)*such invalidity shall have continued unremedied for a period of five

Business Days; or

(k)any material provision of the Pledge and Security Agreement or of any

Collateral Document covering a significant portion of the Collateral shall for any reason, other

than as expressly permitted hereunder or upon satisfaction in full of the Obligations, fail or cease

to be enforceable against any of the Loan Parties purported to be covered thereby, or the

Collateral Documents shall fail or cease to create a valid Lien on any Collateral representing a

material portion of the assets of the Loan Parties purported to be covered thereby or, except as

permitted by the Loan Documents, such Lien shall fail or cease to be perfected or any Loan Party

shall so state in writing (other than in connection with any termination of such Lien in respect of

any Collateral as permitted hereby or by any Collateral Document), and such failure (i) of any

Collateral Document to be enforceable shall have continued unremedied for a period of five

Business Days or (<u>ii</u>) of such Lien to be perfected and enforceable shall have continued

unremedied for a period of fifteen Business Days (*provided* that, in the case of *clause (ii)*, for the

avoidance of doubt, if the failure of such Lien to be perfected and enforceable results from the

failure of the Administrative Agent to maintain possession of any certificates or documents

actually delivered to it representing securities or negotiable instruments pledged under the

Collateral Documents, such fifteen Business Day grace period shall not commence until the

Borrower becomes aware of the failure of such Lien to be perfected and enforceable); or

(l)Any Loan Party shall assert in writing that any Intercreditor Agreement or

Other Intercreditor Agreement (in each case, after execution and delivery thereof and so long as

it is required to be effective pursuant to the terms hereof) shall have ceased for any reason to be

in full force and effect (other than pursuant to the terms hereof or thereof) or shall knowingly

contest, or knowingly support any other Person in any action that seeks to contest, the validityor

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effectivenessofanysuchIntercreditorAgreement(otherthanpursuanttothetermshereofor

thereof);

(m)there shall occur any Change of Control.

***Section 9.2Remedies****.*During the continuance of any Event of Default, the

Administrative Agent (<u>a</u>) may with the consent of the Requisite Lenders, and, at the request of

the Requisite Lenders, shall, by notice to Borrower declare that all or any portion of the

Commitments be terminated, whereupon the obligation of each Lender to make any Loan and

each Issuer to Issue any Letter of Credit shall immediately terminate (to the extent of any such

terminated portion) and (<u>b</u>) may with the consent of the Requisite Lenders, and, at the request of

the Requisite Lenders, shall, by written notice to Borrower, declare the Loans, all interest thereon

and all other amounts and Obligations payable under this Agreement to be forthwith due and

payable, whereupon the Loans, all such interest and all such amounts and Obligations shall

become and be forthwith due and payable, without presentment, demand, protest or further notice

of any kind, all of which are hereby expressly waived by Borrower; *provided* that upon the

occurrence of the Events of Default specified in *Section 9.1(f)* with respect to Holdings,

Borrower or any Significant Subsidiary, (<u>x</u>) the Commitments of each Lender to make Loans and

the commitments of each Lender and Issuer to Issue or participate in Letters of Credit shall each

automatically be terminated and (<u>y</u>) the Loans, all such interest and all such amounts and

Obligations shall automatically become and be due and payable, without presentment, demand,

protest or any notice of any kind, all of which are hereby expressly waived by Borrower.In

addition to the remedies set forth above, the Administrative Agent may exercise any remedies

provided for by the Collateral Documents in accordance with the terms thereof or any other

remedies provided by applicable law.

***Section 9.3RighttoCure****.*Notwithstandinganythingtothecontrarycontained

herein, in the event that Borrower fails to comply with the requirements set forth in *Article V* for

any Fiscal Quarter, then:(<u>a</u>) after the end of such Fiscal Quarter and until the expiration of the

tenth Business Day subsequent to the date the relevant Compliance Certificate is required to be

delivered pursuant to *Section 6.1(c)* with respect to such Fiscal Quarter (the "*<u>Cure Deadline</u>*"),

Holdings shall have the right to issue Permitted Cure Securities for cash or otherwise make a

cash capital contribution for common equity (the "*<u>Specified Equity Contribution</u>*"), and, upon

receipt by Borrower of such cash pursuant to the exercise by Borrower of such Specified Equity

Contribution, (<u>x</u>) for Specified Equity Contributions in respect of the covenant set forth in

*Section 5.1*, the calculation of EBITDA as used in the covenant set forth in *Section 5.1* shall be

recalculated giving effect to the following pro forma adjustments: EBITDA shall be increased,

solely for the purpose of measuring the covenant set forth in *Section 5.1* for such Fiscal Quarter

and for applicable subsequent Financial Covenant Periods that include such Fiscal Quarter and

not for any other purpose under this Agreement (including, but not limited to, calculating

EBITDAforpurposesofdeterminingtheavailabilityoramountofanybasketlevelsor

carve-outs and for purposes of calculating Excess Cash Flow), by an amount equal to such

Specified Equity Contribution; *provided* that the receipt by Borrower of such Specified Equity

Contribution shall be deemed to have no other effect whatsoever under this Agreement for

purposes of calculating EBITDA (including, but not limited to, determining the availability or

![floatingimage_478.jpg](floatingimage_478.jpg)

amount of any covenant baskets or carve-outs), (<u>y</u>) [reserved]<u>for Specified Equity Contributions</u>

<u>in respect of the covenant set forth in</u> *<u>Section 5.2</u>*<u>, the calculation of Total Cash as used in the</u>

![floatingimage_812.jpg](floatingimage_812.jpg)

<u>covenant set forth in</u> *<u>Section 5.2</u>* <u>shall be recalculated giving effect to the following pro forma</u>

![floatingimage_812.jpg](floatingimage_812.jpg)

![floatingimage_741.jpg](floatingimage_741.jpg)

![image_8.jpg](image_8.jpg)

![floatingimage_645.jpg](floatingimage_645.jpg)

<u>adjustments:</u><u>Total Cash shall be increased by an amount equal to such Specified Equity</u>

<u>Contribution;</u>*<u>provided</u>*<u>that</u><u>the</u><u>receipt</u><u>by</u><u>Borrower</u><u>of</u><u>such</u><u>Specified</u><u>Equity</u><u>Contribution</u><u>shall</u>

![image_8.jpg](image_8.jpg)

![floatingimage_645.jpg](floatingimage_645.jpg)

![floatingimage_968.jpg](floatingimage_968.jpg)

<u>be deemed to have no other effect whatsoever under this Agreement for purposes of calculating</u>

![floatingimage_812.jpg](floatingimage_812.jpg)

<u>Total Cash</u>and (<u>z</u>) for Specified Equity Contributions in respect of the covenant set forth in

*Section 5.3*, the calculation of Liquidity as used in the covenant set forth in *Section 5.3* shall be

recalculated giving effect to the following pro forma adjustments:Liquidity shall be increased

by an amount equal to such Specified Equity Contribution; *provided* that the receipt by Borrower

of such Specified Equity Contribution shall be deemed to have no other effect whatsoever under

this Agreement for purposes of calculating Liquidity; and if, after giving effect to the

recalculations in the foregoing *clauses (x), (y)* and *(z)*, as applicable, Borrower shall then be in

compliance with the requirements of the applicable covenant set forth in *Article V*, Borrower

shall be deemed to have satisfied the requirements of the applicable covenant set forth in *Article*

*V* as of the last day of the relevant Fiscal Quarter with the same effect as though there had been

no failure to comply therewith at such date, and the applicable breach or default of the applicable

covenant set forth in *Article V* shall be deemed to have not occurred for the purposes of this

Agreement; and (<u>b</u>) the Lenders shall not be permitted to accelerate Loans held by them or

exercise remedies against the Collateral or exercise any other remedies hereunder, at law or in

equity, on the basis of a failure to comply with the requirements of any covenant set forth in

*Article V* until such failure is not cured pursuant to the exercise of the right to make a Specified

Equity Contribution on or prior to the Cure Deadline.For the avoidance of doubt, no Lender

shall be required to make any Loan and no Issuer shall be required to Issue any Letter of Credit

during the 10 Business Day period described in this *Section 9.3(a)* unless and until the Borrower

shall have received the proceeds of such Specified Equity Contribution.

Notwithstanding anything herein to the contrary, (i) in each Relevant Four Fiscal Quarter

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Period there shall be at least two Fiscal Quarters in respect of which the Specified Equity

Contribution is not exercised, (<u>ii</u>) there can be no more than five Fiscal Quarters in respect of

which the Specified Equity Contribution is exercised during the term of the Term Loan Facility,

(<u>iii</u>) for purposes of this *Section 9.3*, the Specified Equity Contribution utilized shall be no

greater than the amount required for purposes of complying with the applicable covenants set

forth in *Article V*and (<u>iv</u>) there shall be no pro forma or other reduction in Indebtedness

(including as a result of netting) with the proceeds of any Specified Equity Contribution for

determining compliance with the covenant set forth in *Section 5.1* for the Fiscal Quarters in

which such Specified Equity Contribution is included in EBITDA.For purposes of this

paragraph, the term "*<u>Relevant Four Fiscal Quarter Period</u>*" shall mean, with respect to any

requested Specified Equity Contribution, the four Fiscal Quarter period ending on (and

including) the Fiscal Quarter in which the EBITDA will be increased as a result of such

Specified Equity Contribution.

***Section 9.4Actions in Respect of Letters of Credit****.*Upon the Revolving Credit

Termination Date or as may be required by *Section 2.9(e)*, Borrower shall pay to the

Administrative Agent in immediately available funds at the Administrative Agent's office

referred to in *Section 11.9*, for deposit in a Cash Collateral Account, an amount equal to 105% of

the sum of all outstanding Letter of Credit Obligations.The Administrative Agent may, from

time to time after funds are deposited in any Cash Collateral Account, apply funds then held in

such Cash Collateral Account to the payment of any amounts, in accordance with *Section 2.13(f)*,

as shall have become or shall become due and payable by Borrower to the applicable Issuers or

Lenders in respect of the Letter of Credit Obligations.The Administrative Agent shall promptly

give written notice of any such application; *provided* that the failure to give such written notice

shall not invalidate any such application.

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![floatingimage_645.jpg](floatingimage_645.jpg)

![image_8.jpg](image_8.jpg)

![floatingimage_645.jpg](floatingimage_645.jpg)

**ARTICLEX**

**TheAdministrativeAgent**

***Section 10.1Authorization and Action***.

(a)Each Lender and each Issuer hereby appoints JPMorgan as the

Administrative Agent hereunder and each Lender and each Issuer authorizes the Administrative

Agent to take such action as agent on its behalf and to exercise such powers under this

Agreement and the other Loan Documents as are delegated to such Administrative Agent under

such agreements and to exercise such powers as are reasonably incidental thereto.Without

limiting the foregoing, each Lender and each Issuer hereby authorizes the Administrative Agent

to execute and deliver, and to perform its obligations under each of the Loan Documents to

which such Administrative Agent is a party, to exercise all rights, powers and remedies that such

Administrative Agent may have under any such Loan Documents and, in the case of the

Collateral Documents, to act as agent for the Lenders, Issuers and the other Secured Parties under

such Collateral Documents. Each reference to the Administrative Agent in this *Article X* shall be

deemed to apply to the Administrative Agent acting in its capacity as collateral agent under the

Collateral Documents.

(b)As to any matters not expressly provided for by this Agreement and the other

Loan Documents (including enforcement or collection), the Administrative Agent shall not be

required to exercise any discretion or take any action, but shall be required to act or to refrain

from acting (and shall be fully protected in so acting or refraining from acting) upon the

instructions of the Requisite Lenders, and such instructions shall be binding upon all Lenders and

each Issuer; *provided* that the Administrative Agent shall not be required to take any action that

(i) the Administrative Agent in good faith believes exposes it to personal liability unless the

![floatingimage_334.jpg](floatingimage_334.jpg)

Administrative Agent receives an indemnification satisfactory to it from the Lenders and the

Issuers with respect to such action or (<u>ii</u>) is contrary to this Agreement or applicable law.The

Administrative Agent agrees to give to each applicable Lender and each applicable Issuer prompt

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notice of each notice given to it by <u>Parent or</u> any Loan Party pursuant to the terms of this

Agreement or the other Loan Documents.

(c)In performing its functions and duties hereunder and under the other Loan

Documents, the Administrative Agent is acting solely on behalf of the Lenders and the Issuers

and its duties are entirely administrative in nature.The Administrative Agent does not assume

and shall not be deemed to have assumed anyobligation other than as expressly set forth herein

and in the other Loan Documents or any other relationship as the agent, fiduciary or trustee of or

for anyLender, Issuer or holder of anyother Obligation.The Administrative Agent may perform

any of its duties under any Loan Document by or through its agents or employees. In the event

the Administrative Agent calculates the aggregate amount outstandingunder Letters of Credit

upon the request of any Lender or Issuer, the Administrative Agent may make such calculation

based on the face amount of all outstanding Letters of Credit.

(d)The Joint Lead Arrangers shall have no obligations or duties whatsoever in

such capacity under this Agreement or any other Loan Document and shall incur no liability

hereunder or thereunder in such capacity.

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![floatingimage_645.jpg](floatingimage_645.jpg)

![image_8.jpg](image_8.jpg)

![floatingimage_645.jpg](floatingimage_645.jpg)

(e)Each Lender, Issuer and Joint Lead Arranger hereby:

(i)irrevocably constitutes, authorizes and appoints JPMorgan (and the

individuals through which it may be represented), or any other Person appointed

Administrative Agent pursuant to*Section 10.6* (and the individuals through which it may

be represented), its true and lawful attorney-in-fact to execute, accept, register at the

relevant registries and deliver any Loan Document, including one or more Collateral

Documents, as such attorney-in-fact may deem necessary or desirable, any amendments

thereto, and all post-effective amendments, extensions, supplements and cancellations to

such Loan Documents, in such form(s) as such attorney-in-fact may approve, and to file

the same and all other documents in relation thereto with the applicable Governmental

Authorities or such other Person as required by any Requirement of Law and to hold on

behalf of each present and future Secured Party security granted by a Loan Party*;*

*provided* that in no event shall this *clause (e)* be deemed to authorize or permit

JPMorgan or any other Person to execute this Agreement or any amendment hereto as

attorney-in-fact of any Lender or Issuer,

(ii)grantstosuchattorney-in-factfullpowerandauthoritytodoand

perform each and every act necessary to be done to ensure that such Collateral

Documents comply with Requirements of Law.

***Section 10.2Administrative Agent's Reliance, Etc.***None of the Administrative

Agent, any of its Affiliates or any of their respective directors, officers, agents or employees

shall be liable for any action taken or omitted to be taken by it, him, her or them under or in

connection with this Agreement or the other Loan Documents, except for its, his, her or their

own gross negligence or willful misconduct (as determined in a final, non-appealable judgment

ofacourtofcompetentjurisdiction).Withoutlimitingtheforegoing,theAdministrativeAgent

(<u>a</u>) may treat the payee of any Note as its holder until the Obligations represented by such Note

have been assigned in accordance with *Section 11.2*, (<u>b</u>) may rely on the Register to the extent set

forth in *Section 11.2(c)*, (<u>c</u>) may consult with legal counsel (including counsel to Borrower or any

other Loan Party), independent public accountants and other experts selected by it and shall not

be liable for any action taken or omitted to be taken in good faith by it in accordance with the

advice of such counsel, accountants or experts, (<u>d</u>) makes no warranty or representation to any

Lender or Issuer and shall not be responsible to any Lender or Issuer for any statements,

warranties or representations made by or on behalf of Holdings or any of its Subsidiaries in or in

connection with this Agreement or any other Loan Document, (<u>e</u>) shall not have any duty to

ascertain or to inquire either as to the performance or observance of any term, covenant or

condition of this Agreement or any other Loan Document, as to the financial condition of any

LoanPartyorastotheexistenceorpossibleexistenceofanyDefaultorEventofDefault,

(f)shall not be responsible to any Lender or Issuer for the due execution, legality, validity,

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enforceability, genuineness, sufficiency or value of, or the attachment, perfection or priority of

any Lien created or purported to be created under or in connection with, this Agreement, any

other Loan Document or any other instrument or document furnished pursuant hereto or thereto

and (<u>g</u>) shall incur no liability under or in respect of this Agreement or any other Loan Document

by acting upon any notice, consent, certificate or other instrument or writing (which writing may

be a telecopy or electronic mail) or any telephone message believed by it to be genuine and

signed or sent by the proper party or parties.

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![floatingimage_645.jpg](floatingimage_645.jpg)

![image_8.jpg](image_8.jpg)

![floatingimage_645.jpg](floatingimage_645.jpg)

***Section 10.3Postingof Approved Electronic Communications***.

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(a)Each of the Lenders, the Issuers and <u>Parent,</u> Holdings and Borrower agree,

and Borrower shall cause each Subsidiary Guarantor to agree, that the Administrative Agent

may, but shall not be obligated to, make the Approved Electronic Communications available to

the Lenders and Issuers by posting such Approved Electronic Communications on IntraLinks™,

![floatingimage_645.jpg](floatingimage_645.jpg)

<u>DebtDomain,</u>SyndTrak or a substantially similar<u>, ClearPar or any other</u>electronic platform

![floatingimage_634.jpg](floatingimage_634.jpg)

chosen by the Administrative Agent to be its electronic transmission system (the "*<u>Approved</u>*

*<u>Electronic Platform</u>*").

![floatingimage_621.jpg](floatingimage_621.jpg)

(b)Each<u>Although the Approved Electronic Platform and its primary web</u><u>portal</u>![floatingimage_347.jpg](floatingimage_347.jpg)

<u>are secured with generally-applicable security procedures and policies implemented or</u><u>modified</u>![floatingimage_812.jpg](floatingimage_812.jpg)

<u>by the Administrative Agent from time to time (including, as of the Third Amendment</u><u>Effective</u>![floatingimage_812.jpg](floatingimage_812.jpg)

<u>Date, a user ID/password authorization system) and the Approved Electronic Platform</u><u>is secured</u>![floatingimage_812.jpg](floatingimage_812.jpg)

<u>through a per-deal authorization method whereby each user may access the Approved</u><u>Electronic</u>![floatingimage_741.jpg](floatingimage_741.jpg)

<u>Platform only on a deal-by-deal basis, each</u>of the Lenders, <u>each of</u> the Issuers, Holdings and <u>the</u>

Borrower acknowledges and agrees that the distribution of material through an electronic

medium is not necessarily secure<u>, that the Administrative Agent is not responsible for</u><u>approving</u> 

<u>or vetting the representatives or contacts of any Lender that are added to the Approved</u><u>Electronic</u>![floatingimage_626.jpg](floatingimage_626.jpg)

<u>Platform,</u>and that there are<u>may</u><u>be</u>confidentiality and other risks associated with such

![floatingimage_635.jpg](floatingimage_635.jpg)

distribution.In consideration for the convenience and other benefits afforded by such

distribution and for the other consideration provided hereunder, the receipt and sufficiency of

which is hereby acknowledged<u>Each of the Lenders</u>, each of the Lenders, the Issuers, each of

![floatingimage_636.jpg](floatingimage_636.jpg)

Holdings and <u>the</u> Borrower hereby approve<u>s</u>distribution of the Approved Electronic

Communications through the Approved Electronic Platform and understands and assumes the

risks of such distribution.

(c)THEAPPROVEDELECTRONICPLATFORMANDTHE

APPROVEDELECTRONICCOMMUNICATIONSAREPROVIDED"*<u>AS</u><u>IS</u>*"AND"*<u>AS</u>*

*<u>AVAILABLE</u>*".NONE OF THE ADMINISTRATIVE AGENT OR ANY OF ITS AFFILIATES

ORANYOFTHEIRRESPECTIVEOFFICERS,DIRECTORS,EMPLOYEES,AGENTS,

ADVISORSORREPRESENTATIVES(THE"*<u>AGENT</u><u>AFFILIATES</u>*")WARRANTTHE

ACCURACY,ADEQUACYORCOMPLETENESSOFTHEAPPROVEDELECTRONIC

COMMUNICATIONSORTHEAPPROVEDELECTRONICPLATFORMANDEACH

EXPRESSLYDISCLAIMSLIABILITYFORERRORSOROMISSIONSINTHEAPPROVED

ELECTRONIC PLATFORM AND THE APPROVED ELECTRONIC COMMUNICATIONS.

NOWARRANTYOFANYKIND,EXPRESS,IMPLIEDORSTATUTORY,INCLUDING,

WITHOUT LIMITATION, ANY WARRANTY OF MERCHANTABILITY, FITNESS FOR A

PARTICULARPURPOSE,NON-INFRINGEMENTOFTHIRDPARTYRIGHTSOR

FREEDOMFROMVIRUSESOROTHERCODEDEFECTS,ISMADEBYTHEAGENT

AFFILIATESINCONNECTIONWITHTHE APPROVED ELECTRONIC PLATFORM OR

![floatingimage_627a.jpg](floatingimage_627a.jpg)

THEAPPROVEDELECTRONICCOMMUNICATIONS.<u>IN</u><u>NO</u><u>EVENT</u><u>SHALL</u><u>THE</u>

<u>AGENT</u><u>AFFILIATES</u><u>HAVE</u><u>ANY</u><u>LIABILITY</u><u>TO</u><u>ANY</u><u>LOAN</u><u>PARTY,</u><u>ANY</u><u>LENDER,</u>

![floatingimage_633.jpg](floatingimage_633.jpg)

<u>ANY</u><u>ISSUER</u><u>OR</u><u>ANY</u><u>OTHER</u><u>PERSON</u><u>OR</u><u>ENTITY</u><u>FOR</u><u>DAMAGES</u><u>OF</u><u>ANY KIND,</u>

![floatingimage_633.jpg](floatingimage_633.jpg)

<u>INCLUDING</u><u>DIRECT</u><u>OR</u><u>INDIRECT,</u><u>SPECIAL,</u><u>INCIDENTAL</u><u>OR</u><u>CONSEQUENTIAL</u>

![floatingimage_632.jpg](floatingimage_632.jpg)

<u>DAMAGES,</u><u>LOSSES</u><u>OR</u><u>EXPENSES</u><u>(WHETHER</u><u>IN</u><u>TORT,</u><u>CONTRACT</u><u>OR</u>

![floatingimage_631.jpg](floatingimage_631.jpg)

<u>OTHERWISE)</u><u>ARISING</u><u>OUT</u><u>OF</u><u>ANY</u><u>LOAN</u><u>PARTY'S</u><u>OR</u><u>THE</u><u>ADMINISTRATIVE</u>

![floatingimage_632.jpg](floatingimage_632.jpg)

![floatingimage_633.jpg](floatingimage_633.jpg)

![image_8.jpg](image_8.jpg)

![floatingimage_645.jpg](floatingimage_645.jpg)

<u>AGENT'S</u><u>TRANSMISSION</u><u>OF</u><u>APPROVED</u><u>ELECTRONIC</u><u>COMMUNICATIONS</u>

<u>THROUGH THE INTERNET OR THE APPROVED ELECTRONIC PLATFORM.</u>

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![floatingimage_645.jpg](floatingimage_645.jpg)

![floatingimage_627a.jpg](floatingimage_627a.jpg)

(d)<u>Each Lender and each Issuer agrees that notice to it (as provided in the</u><u>next</u> 

<u>sentence) specifying that Approved Electronic Communications have been posted to the</u>

![floatingimage_812.jpg](floatingimage_812.jpg)

<u>Approved Electronic Platform shall constitute effective delivery of the Approved Electronic</u>

![floatingimage_812.jpg](floatingimage_812.jpg)

<u>Communications to such Lender for purposes of the Loan Documents.</u><u>Each Lender and Issuer</u>

![floatingimage_812.jpg](floatingimage_812.jpg)

<u>agrees (i) to notify the Administrative Agent in writing (which could be in the form</u><u>of electronic</u>

![floatingimage_812.jpg](floatingimage_812.jpg)

<u>communication) from time to time of such Lender's or Issuer's (as applicable) email address to</u>

![floatingimage_741.jpg](floatingimage_741.jpg)

<u>which the foregoing notice may be sent by electronic transmission and (ii) that the foregoing</u>

![floatingimage_812.jpg](floatingimage_812.jpg)

<u>notice may be sent to such email address.</u>

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(d<u>e</u>)Each of the Lenders, the Issuers, Holdings and Borrower agree that the

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Administrative Agent may, but (except as may be required by applicable law) shall not be

obligated to, store the Approved Electronic Communications on the Approved Electronic

Platform in accordance with the Administrative Agent's generally-applicable document retention

procedures and policies.

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<u>(f)</u><u>Nothing herein shall prejudice the right of the Administrative Agent, any</u>

<u>Lender or any Issuer to give any notice or other communication pursuant to any Loan Document</u>

![floatingimage_812.jpg](floatingimage_812.jpg)

<u>in any other manner specified in such Loan Document.</u>

***Section 10.4The Administrative Agent Individually****.*With respect to its Ratable

Portion, JPMorgan shall have and may exercise the same rights and powers hereunder and is

subject to the same obligations and liabilities as and to the extent set forth herein for any other

Lender.The terms "*<u>Lenders</u>*", "*<u>Requisite Lenders</u>*" and any similar terms shall, unless the

context clearly otherwise indicates, include, without limitation, the Administrative Agent in its

individual capacity as a Lender or as one of the Requisite Lenders.JPMorgan and its Affiliates

may accept deposits from, lend money to, and generally engage in any kind of banking, trust or

other business with, any Loan Party as if JPMorgan were not acting as the Administrative Agent.

***Section10.5LenderCreditDecision****.*EachLenderandeachIssueracknowledges

that it shall, independently and without reliance upon the Administrative Agent or any other

Lender (other than an Affiliated Lender, except in its capacity as a Lender) conduct its own

independent investigation of the financial condition and affairs of the Agilon Entities in

connection with the making and continuance of the Revolving Credit Commitments and Loans

and with the issuance of the Letters of Credit.Each Lender and each Issuer also acknowledges

that it shall, independently and without reliance upon the Administrative Agent or any other

Lender (other than an Affiliated Lender, except in its capacity as a Lender) and based on such

documents and information as it shall deem appropriate at the time, continue to make its own

credit decisions in taking or not taking action under this Agreement and other Loan Documents.

Except for the documents expressly required by any Loan Document to be transmitted by the

Administrative Agent to the Lenders or the Issuers, the Administrative Agent shall not have any

duty or responsibility to provide any Lender or any Issuer with any credit or other information

concerning the business, prospects, operations, property, financial or other condition or

creditworthiness of any Loan Party or any Affiliate of any Loan Party that may come into the

possession of the Administrative Agent or any Affiliate thereof or any employee or agent of any

of the foregoing.

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***Section 10.6Indemnification****.*Each Lender agrees to indemnify the Administrative

Agent and each of its Affiliates, and each of their respective directors, officers, employees,

agentsandadvisors(totheextentnotreimbursedbyBorrowerandwithoutlimitingBorrower's

![image_8.jpg](image_8.jpg)

![floatingimage_645.jpg](floatingimage_645.jpg)

obligations to do so), from and against such Lender's Ratable Portion (based on the aggregate

amount of outstanding Obligations in respect of Loans and Letters of Credit at such time) of any

and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs,

expenses and disbursements (including fees, expenses and disbursements of financial and legal

advisors) of any kind or nature whatsoever that may be imposed on, incurred by, or asserted

against, the Administrative Agent or any of its Affiliates, or any of its or their respective

directors, officers, employees, agents and advisors in any way relating to or arising out of this

Agreement or the other Loan Documents or any action taken or omitted by the Administrative

Agent under this Agreement or the other Loan Documents; *provided* that no Lender shall be

liable for any portion of such liabilities, obligations, losses, damages, penalties, actions,

judgments, suits, costs, expenses or disbursements resulting from the Administrative Agent's or

such Affiliate's gross negligence or willful misconduct (in each case, as determined by a court of

competent jurisdiction in a final and non-appealable judgment).Without limiting the foregoing,

each Lender agrees to reimburse the Administrative Agent promptly upon demand for its ratable

share of any out-of-pocket expenses (including fees, expenses and disbursements of financial and

legal advisors) incurred by the Administrative Agent in connection with the preparation,

execution, delivery, administration, modification, amendment or enforcement (whether through

negotiations, legal proceedings or otherwise) of, or legal advice in respect of its rights or

responsibilities under, this Agreement or the other Loan Documents, to the extent that the

Administrative Agent is not reimbursed for such expenses by a Borrower or another Loan Party.

***Section 10.7Successor Administrative Agent***.

(a)Subject to the appointment of a successor as set forth herein, (i) if at any

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time the Borrower or the Requisite Lenders determine in good faith that the Person serving as

Administrative Agent or any controlling affiliate or such Person is (without taking into account

any provision in the definition of "Defaulting Lender" requiring notice from the Administrative

Agent or any other party) a Defaulting Lender, the Borrower or the Requisite Lenders

(determined after giving effect to *Section 11.1*), as applicable, remove such Person as

Administrative Agent and (<u>ii</u>) the Administrative Agent may resign at any time, in each case by

giving ten days' written notice thereof to the Administrative Agent, Lenders and/or Borrower, as

applicable.If the Administrative Agent shall be removed by the Borrower or the Requisite

Lenders pursuant to *clause (i)* above or if the Administrative Agent shall resign as

Administrative Agent pursuant to *clause (ii)* above, as applicable, under this Agreement and the

other Loan Documents, then the Requisite Lenders shall appoint from among the Lenders a

successor agent for the Lenders.In either case, such appointment shall be subject to the prior

written approval of Borrower (which approval may not be unreasonably withheld or

unreasonably delayed if such successor is an Approved Commercial Bank and which shall not be

required upon the occurrence and during the continuance of an Event of Default pursuant to

*Section9.1(a)*,*(b)*or*(f)*).UpontheacceptanceofanyappointmentasAdministrativeAgentbya

successor Administrative Agent, such successor Administrative Agent shall succeed to, and

become vested with, all the rights, powers, privileges and duties of the retiring Administrative

Agent, and the retiring Administrative Agent shall be discharged from its duties and obligations

under this Agreement and the other Loan Documents.Prior to any retiring Administrative

Agent's resignation hereunder as Administrative Agent, the retiring Administrative Agent shall

take such action as may be reasonably necessary to assign to the successor Administrative Agent

its rights as Administrative Agent under the Loan Documents.After such resignation, the

retiring Administrative Agent shall continue to have the benefit of this *Article X* as to any actions

![image_8.jpg](image_8.jpg)

![floatingimage_645.jpg](floatingimage_645.jpg)

taken or omitted to be taken by it while it was Administrative Agent under this Agreement and

the other Loan Documents; *provided* that Borrower shall not be obligated to pay to any successor

![image_8.jpg](image_8.jpg)

![floatingimage_645.jpg](floatingimage_645.jpg)

AdministrativeAgentany amountsinexcessof,or in addition to, any fees then payable to the

retiring Administrative Agent.

(b)Any resignation pursuant to this *Section 10.7* by a Person acting as

Administrative Agent shall, unless such Person shall notifyBorrower and the Lenders otherwise,

also act to relieve such Person and its Affiliates of any obligation to advance or issue new, or

extend existing Letters of Credit where such advance, issuance or extension is to occur on or

after the effective date of such resignation.Upon the acceptance of a successor's appointment as

Administrative Agent hereunder, (i) such successor shall succeed to and become vested with all

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of the rights, powers, privileges and duties of the retiring Issuer, (<u>ii</u>) the retiring Issuer shall be

discharged from all of its respective duties and obligations hereunder or under the other Loan

Documents and (<u>iii</u>) the successor 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 the retiring Issuer to effectively assume the obligations of the retiring Issuer with

respect to such Letters of Credit.

(c)Each of the Lenders and Issuers hereby directs, in accordance with the terms

hereof, the Administrative Agent to enter into an Intercreditor Agreement or an Other

Intercreditor Agreement in the circumstances contemplated herein.The Lenders and Issuers

hereby authorize the Administrative Agent to take any action contemplated by any such

intercreditor arrangements, including any intercreditor agreement.

***Section 10.8Concerningthe Collateral and the Collateral Documents***.

(a)Each Lender and each Issuer agrees that any action taken by the

Administrative Agent or the Requisite Lenders (or, where required by the express terms of this

Agreement, a greater proportion of the Lenders) in accordance with the provisions of this

Agreement or of the other Loan Documents, and the exercise bythe Administrative Agent or the

Requisite Lenders (or, where so required, such greater proportion) of the powers set forth herein

or therein, together with such other powers as are reasonably incidental thereto, shall be

authorized and binding upon all of the Secured Parties.Without limiting the generality of the

foregoing,theAdministrativeAgentshallhavethesoleandexclusiverightandauthorityto

(i) act as the disbursing and collecting agent for the Secured Parties with respect to all payments

![floatingimage_334.jpg](floatingimage_334.jpg)

and collections arising in connection herewith and with the Collateral Documents, (<u>ii</u>) execute

and deliver each Collateral Document and accept delivery of each such agreement delivered by

Holdings or any of its Subsidiaries, (<u>iii</u>) act as collateral agent for the Secured Parties for

other purposes stated therein including the exercise of remedies with respect to any Collateral;

*provided* that the Administrative Agent hereby appoints, authorizes and directs each Lender and

Issuer to act as collateral sub agent for the Administrative Agent, the Lenders and the Issuers for

purposes of the perfection of all security interests and Liens with respect to Borrower's and its

Restricted Subsidiaries' respective Deposit Accounts and Securities Accounts maintained with,

and cash and Cash Equivalents held by, such Lender or such Issuer, (<u>iv</u>)manage, supervise and

otherwise deal with the Collateral, (<u>v</u>) take such action as is necessary or desirable to maintain

the perfection and priority of the security interests and Liens created or purported to be created

by the Collateral Documents and (<u>vi</u>) except as may be otherwise specifically restricted by the

terms hereof or of any other Loan Document, exercise all remedies given to the Administrative

Agent, the Lenders, the Issuers and the other Secured Parties with respect to the Collateral under

the Loan Documents relating thereto, applicable law or otherwise.

![image_8.jpg](image_8.jpg)

![floatingimage_645.jpg](floatingimage_645.jpg)

![image_8.jpg](image_8.jpg)

![floatingimage_645.jpg](floatingimage_645.jpg)

![floatingimage_655.jpg](floatingimage_655.jpg)

![floatingimage_661.jpg](floatingimage_661.jpg)

(b)Each of the Lenders and the Issuers hereby directs, in accordance with the

terms hereof, the Administrative Agent to release (or, in the case of *clause (ii)*below, release or

subordinate) without recourse or warranty, any Lien held by the Administrative Agent for the

benefit of the Secured Parties against any of the following:

(i)all of the Collateral, upon termination of the Commitments and

payment and satisfaction in full of all Loans, Reimbursement Obligations and all other

Secured Obligations that the Administrative Agent has been notified in writing are then

due and payable (and, in respect of contingent Letter of Credit Obligations, with respect

to which Cash Collateral has been deposited or a back-up letter of credit has been issued,

in either case on terms reasonably satisfactory to the Administrative Agent and the

applicable Issuers);

(ii)any assetsthataresubjecttoaLienpermittedby*Section8.2(d)*,

*(e)*(solelytothe extentrelating to*clauses (d)*or *(h)*) or *(h)*;

(iii)any part of the Collateral sold or disposed of by a Loan Party

(including against any assets of a Loan Party, all of the Stock or Stock Equivalents of

which is being sold or disposed of) if such sale or disposition is permitted by this

Agreement (or permitted pursuant to a waiver or consent of a transaction otherwise

prohibited by this Agreement) other than a Disposition to a Loan Party or, if not pursuant

to such sale or disposition, if such release is consented to by the Lenders required to

consent thereto under *Section 11.1*; and

![floatingimage_968.jpg](floatingimage_968.jpg)

(iv)<u>except as contemplated by the final sentence in the definition of</u>

<u>"Excluded Subsidiary",</u> if any Subsidiary Guarantor is designated as an Excluded

Subsidiary all of the Collateral of such Subsidiary and the Stock and Stock Equivalents

of such Subsidiary; *provided* that the Fair Market Value of any Collateral of such

Subsidiary and the Stock and Stock Equivalents of such Subsidiary shall be treated as an

Investmentandshallberequiredtobepermittedby,andincompliancewith,*Section8.3*.

(c)Each of the Lenders and the Issuers hereby directs, in accordance with the

terms hereof, the Administrative Agent to release (<u>A</u>) any Subsidiary Guarantor from its

obligationsundertheapplicableGuaranty(i) iftheStock orStock Equivalentsofsuch

![floatingimage_334.jpg](floatingimage_334.jpg)

Subsidiary Guarantor is being sold or disposed of, if such sale or disposition is permitted by this

Agreement (or permitted pursuant to a waiver or consent of a transaction otherwise prohibited by

this Agreement) in a transaction pursuant to which it no longer constitutes a Subsidiary of

![floatingimage_968.jpg](floatingimage_968.jpg)

Borrower, (<u>ii</u>) <u>except as contemplated by the final sentence in the definition of "Excluded</u>

<u>Subsidiary",</u> upon the designation of such Subsidiary Guarantor as an Excluded Subsidiary;

*provided* that the Fair Market Value of any Collateral of such Subsidiary and the Stock and Stock

Equivalents of such Subsidiary shall be treated as an Investment and shall be required to be

permitted by, and in compliance with, *Section 8.3* or (<u>iii</u>) if not pursuant to *clause (i)* or *(ii)*

above,ifsuchreleaseisconsentedtobytheLendersrequiredtoconsenttheretounder*Section*

![floatingimage_285.jpg](floatingimage_285.jpg)

*11.1* and,(<u>B</u>) Holdings from its obligations under the applicable Guaranty following a Borrower

IPO<u>and</u><u>(C)</u><u>Parent</u><u>from</u><u>its</u><u>obligations</u><u>under</u><u>the</u><u>Parent</u><u>Guaranty</u><u>following</u><u>a</u><u>Qualifying</u><u>IPO</u><u>of</u>

<u>any Parent Entity (other than Parent)</u>.

![image_8.jpg](image_8.jpg)

![floatingimage_645.jpg](floatingimage_645.jpg)

(d)Each of the Lenders and the Issuers hereby directs the Administrative

Agent to execute and deliver or file such termination and partial release statements and do such

![image_8.jpg](image_8.jpg)

![floatingimage_645.jpg](floatingimage_645.jpg)

thingsasarenecessarytoreleaseLienspursuanttothis*Section10.8*promptlyuponthe

effectiveness of such release.

(e)Upon request by the Administrative Agent at any time, the Requisite

Lenders will confirm in writing the Administrative Agent's authority to release its interest in

particular types or items of property, or to release any Guarantor from its obligations under the

![floatingimage_645.jpg](floatingimage_645.jpg)

Guaranty <u>or the Parent Guaranty, as applicable,</u>pursuant to this *Section 10.8*.

***Section 10.9Collateral Matters Relating to Related Obligations****.*The benefit of the

provisions of the Loan Documents, including this Agreement, relating to the Collateral shall

extend to and be available in respect of any Secured Obligation not arising under a Loan

Document or that is otherwise owed to Persons other than the Administrative Agent, the Lenders

and the Issuers (collectively, "*<u>Related Obligations</u>*") solely on the condition and understanding,

as among the Administrative Agent and all Secured Parties, that (<u>a</u>) the Related Obligations shall

be entitled to the benefit of the Loan Documents and the Collateral to the extent expressly set

forth in this Agreement and the other Loan Documents and to such extent the Administrative

Agent shall hold, and have the right and power to act with respect to, each Guaranty and the

Collateral on behalf of and as agent for the holders of the Related Obligations, but the

Administrative Agent is otherwise acting solely as agent for the Lenders and the Issuers and shall

have no fiduciary duty, duty of loyalty, duty of care, duty of disclosure or other obligation

whatsoever to any holder of Related Obligations, (<u>b</u>) all matters, acts and omissions relating in

any manner to any Guaranty, the Collateral, or the omission, creation, perfection, priority,

abandonment or release of any Lien, shall be governed solely by the provisions of this

Agreement and the other Loan Documents, and, except as otherwise permitted hereunder, no

separate Lien, right, power or remedy shall arise or exist in favor of any Secured Partyunder any

separate instrument or agreement or in respect of any Related Obligation, (<u>c</u>) each Secured Party

shall be bound by all actions taken or omitted, in accordance with the provisions of this

Agreement and the other Loan Documents, by the Administrative Agent and the Requisite

Lenders, each of whom shall be entitled to act at its sole discretion and exclusively in its own

interest given its own Revolving Credit Commitments and its own interest in the Loans, Letter of

Credit Obligations and other Obligations to it arising under this Agreement or the other Loan

Documents, without any duty or liability to any other Secured Party or as to any Related

Obligation and without regard to whether any Related Obligation remains outstanding or is

deprived of the benefit of the Collateral or becomes unsecured or is otherwise affected or put in

jeopardy thereby, (<u>d</u>) no holder of Related Obligations and no other Secured Party (except the

Administrative Agent, the Lenders and the Issuers, to the extent set forth in this Agreement) shall

have any right to be notified of, or to direct, require or be heard with respect to, any action taken

or omitted in respect of the Collateral or under this Agreement or the Loan Documents and (<u>e</u>) no

holder of any Related Obligation shall exercise any right of setoff, banker's lien or similar right

except as expressly provided in *Section 11.7*.

***Section 10.10Additional Indebtedness****.*In connection with the incurrence by any

Restricted Subsidiary of additional Indebtedness permitted by *Section 8.1(a)(ii)*, *(b)* or *(c)* of this

Agreement to be secured by a Lien permitted by*Section 8.2(s)*of any Collateral, at the request of

Borrower, the Administrative Agent (including in its capacity as "collateral agent" under the

Loan Documents) agrees (<u>a</u>) to execute and deliver an Intercreditor Agreement or an Other

Intercreditor Agreement (as applicable), (<u>b</u>) to act as collateral agent under such Intercreditor

Agreement or Other Intercreditor Agreement (as applicable) on behalf of the Secured Parties

![image_8.jpg](image_8.jpg)

![floatingimage_645.jpg](floatingimage_645.jpg)

hereunder, and solely with respect to, and to the extent necessary for, the perfection of Collateral

requiring perfectionby possession orcontrol, to possess orcontrolsuch Collateralon behalfof

![image_8.jpg](image_8.jpg)

![floatingimage_645.jpg](floatingimage_645.jpg)

other Secured Parties (as defined in such Intercreditor Agreement or Other Intercreditor

Agreement (as applicable)) to the extent provided for therein and (<u>c</u>) to make or consent to any

filings or take any other actions in connection therewith, in each case, as may be reasonably

determined by Borrower, with the consent of the Administrative Agent (such consent not to be

unreasonably withheld), to be necessary for any Lien on the Collateral permitted to secure such

additional Indebtedness to become a valid, perfected lien (with such priority as may be

designated by Borrower, to the extent such priority is permitted by the Loan Documents)

pursuant to the Collateral Document being so amended, amended and restated, restated, waived,

supplemented or otherwise modified.

***Section 10.11Withholding****.*To the extent required by any applicable law (which for

purposes of this *Section 10.11* includes FATCA), the Administrative Agent or Borrower may

withhold from any payment to any Lender or Issuer an amount equivalent to any applicable

withholdingtax, and in no event shall the Administrative Agent be required to be responsible for

or pay any additional amount with respect to any such withholding.Without limiting the

provisions under *Section 2.16*, if any payment has been made to any Lender or Issuer by the

Administrative Agent without the applicable withholding tax being withheld fromsuch payment

and the Administrative Agent or Borrower has paid over the applicable withholding tax to the

Internal Revenue Service or any other Governmental Authority, or the Internal Revenue Service

or any other Governmental Authority asserts a claim that the Administrative Agent or Borrower

did not properly withhold tax from amounts paid to or for the account of any Lender or Issuer

because the appropriate form was not delivered or was not properly executed or because such

Lender or Issuer failed to notify the Administrative Agent or Borrower of a change in

circumstances which rendered the exemption from, or reduction of, withholding tax ineffective

or for any other reason, such Lender or Issuer shall indemnify the Administrative Agent and

Borrower fully for all amounts paid, directly or indirectly, by the Administrative Agent or

Borrower as tax or otherwise, including any penalties or interest and together with all expenses

(including legal expenses, allocated internal costs and out-of-pocket expenses) incurred and shall

make payment in respect thereof within 30 days after demand therefor; *provided*, *however*, that

this *Section 10.11* shall not impose any obligation on any Lender or Issuer to pay to any

Borrower amounts in respect of any Indemnified Taxes or penalties, interest, or expenses

incurred in connection with Indemnified Taxes.A certificate as to the amount of such liability

delivered to any Lender or Issuer by the Administrative Agent shall be conclusive absent

manifest error.Each Lender and each Issuer hereby authorizes the Administrative Agent and

Borrower to set off and apply any and all amounts at any time owing to such Lender or such

Issuer under any other Loan Document against any amount due the Administrative Agent or

Borrower, as applicable, under this *Section 10.11*.The agreements in this *Section 10.11* shall

survive the resignation and/or replacement of the AdministrativeAgent, anyassignment of rights

by, or the replacement of, a Lender or an Issuer and the repayment, satisfaction or discharge of

all the Secured Obligations.

***Section10.12ProofsofClaim****.*IncaseofthependencyofanyBankruptcyProceeding

relative to any Loan Party, the Administrative Agent (irrespective of whether the principal of any

Loan or Letter of Credit 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 the Borrower) shall be entitled and empowered (but not obligated) by

intervention in such proceeding or otherwise:

![image_8.jpg](image_8.jpg)

![floatingimage_645.jpg](floatingimage_645.jpg)

(a)tofileandproveaclaimforthewholeamountoftheprincipaland

interestowingandunpaidinrespectoftheLoans,LetterofCreditObligationsandallother

![image_8.jpg](image_8.jpg)

![floatingimage_645.jpg](floatingimage_645.jpg)

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 Issuers and the Administrative Agent

(including any claim for the reasonable compensation, expenses, disbursements and advances of

the Lenders, the Issuers and the Administrative Agent and their respective agents and counsel

and all other amounts due the Lenders, the Issuers and the Administrative Agent under *Sections*

*2.12*, *11.3* and *11.4*) allowed in such judicial proceeding; and

(b)tocollectandreceiveanymoniesorotherpropertypayableor

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 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 Issuers, to pay to the

AdministrativeAgentanyamountdueforthereasonablecompensation,expenses,disbursements

and advances of the AdministrativeAgent and its agents and counsel, and anyother amounts due

the Administrative Agent under *Sections 2.12, 11.3* and *11.4*.

![floatingimage_795.jpg](floatingimage_795.jpg)

![floatingimage_200.jpg](floatingimage_200.jpg)

![floatingimage_661.jpg](floatingimage_661.jpg)

![floatingimage_645.jpg](floatingimage_645.jpg)

***Section 10.13ERISA Representation***..

(a)Each Lender (x) represents and warrants, as of the date such Person became

a Lender partyhereto, to, and (y) covenants, fromthe date such Person became a Lender party

hereto to the date such Person ceases being a Lender party hereto, for the benefit of, the

Administrative Agent, the Joint Lead Arrangers and their respective Affiliates, and not, for the

avoidance of doubt, to or for the benefit of the Borrower or any other Loan Party, that 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,

![image_8.jpg](image_8.jpg)

![floatingimage_645.jpg](floatingimage_645.jpg)

administration of and performance of the Loans, the Letters of Credit, the Commitments

andthisAgreementsatisfiestherequirementsofsub-sections(b)through (g)ofPartIof

![image_8.jpg](image_8.jpg)

![floatingimage_645.jpg](floatingimage_645.jpg)

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)Inaddition,unless*sub-clause(i)*intheimmediatelypreceding*clause(a)* is

true with respect to a Lender or such Lender has provided another representation, warranty and

covenant in accordance with *sub-clause (iv)* in the immediately preceding *clause (a)*, such

Lender further (x) represents and warrants, as of the date such Person became a Lender party

hereto, to, and (y) covenants, from the date such Person became a Lender party hereto to the date

such Person ceases being a Lender party hereto, for the benefit of, the Administrative Agent, the

Joint Lead Arrangers and their respective Affiliates, and not, for the avoidance of doubt, to or for

the benefit of the Borrower or any other Loan Party, that the Administrative Agent or the Joint

Lead Arrangers or any of their respective Affiliates 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).

For the purposes of this Section 10.13:

"*<u>Benefit Plan</u>*" 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 and subject to Section 4975

of the Code or (c) any Person whose assets include (for purposes of ERISA Section 3(42) or

otherwise for purposes of Title I of ERISA or Section 4975 of the Code) the assets of any such

"employee benefit plan" or "plan".

"*<u>ERISA</u>*" means the Employee Retirement Income Security Act of 1974, as

amended, and the rules and regulations promulgated thereunder.

"*<u>PTE</u>*" 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.

![floatingimage_645.jpg](floatingimage_645.jpg)

***<u>Section</u> <u>10.14</u><u>Borrower</u> <u>Communications</u>***<u>.</u>

![floatingimage_919.jpg](floatingimage_919.jpg)

(a)<u>The</u><u>Administrative</u><u>Agent,</u><u>the</u><u>Lenders</u><u>and</u><u>the</u><u>Issuers</u><u>agree</u><u>that,</u>

<u>pursuant</u><u>to</u><u>procedures</u><u>approved</u><u>by the Administrative Agent, the Borrower</u><u>may, but</u><u>shall</u><u>not</u>

<u>beobligatedto,makeanyBorrower</u> <u>CommunicationstotheAdministrativeAgent</u> <u>throughan</u>

<u>electronic platform chosen by the Administrative Agent to be its electronic transmission system</u>

![floatingimage_812.jpg](floatingimage_812.jpg)

<u>(the "</u>*<u>Approved Borrower Portal</u>*<u>"). As used in this Section 10.14, "</u>*<u>Borrower Communications</u>*<u>"</u>

![floatingimage_812.jpg](floatingimage_812.jpg)

<u>means, collectively, any Notice of Borrowing, Letter of Credit Request, Notice of Conversion or</u>

![floatingimage_812.jpg](floatingimage_812.jpg)

<u>Continuation, notice of prepayment or other notice, demand, communication, information,</u>

![floatingimage_812.jpg](floatingimage_812.jpg)

<u>document or other material provided by or on behalf of any Loan Party pursuant to any Loan</u>

![floatingimage_812.jpg](floatingimage_812.jpg)

<u>Document or the transactions contemplated therein which is distributed by the Borrower to the</u>

![floatingimage_812.jpg](floatingimage_812.jpg)

<u>Administrative Agent through an Approved Borrower Portal, in each case to the extent</u>

![floatingimage_812.jpg](floatingimage_812.jpg)

<u>arrangements for doing so have been approved by the Administrative Agent (it being understood</u>

![image_8.jpg](image_8.jpg)

![floatingimage_645.jpg](floatingimage_645.jpg)

![image_8.jpg](image_8.jpg)

![floatingimage_645.jpg](floatingimage_645.jpg)

![floatingimage_545a.jpg](floatingimage_545a.jpg)

<u>and agreed that, to the extent that any Borrower Communication is required to be signed</u>

![floatingimage_812.jpg](floatingimage_812.jpg)

<u>hereunder, such signature may be submitted through the Approved Borrower Portal and/or such</u>

![floatingimage_812.jpg](floatingimage_812.jpg)

<u>signature requirement may be waived, in each case at the sole discretion of the Administrative</u>

![floatingimage_692.jpg](floatingimage_692.jpg)

![floatingimage_693.jpg](floatingimage_693.jpg)

![floatingimage_695.jpg](floatingimage_695.jpg)

![floatingimage_812.jpg](floatingimage_812.jpg)

<u>Agent).</u>

![floatingimage_919.jpg](floatingimage_919.jpg)

(b)<u>Although the Approved Borrower Portal and its primary web portal are</u>

<u>secured with generally-applicable security procedures and policies implemented or modified by</u>

![floatingimage_812.jpg](floatingimage_812.jpg)

<u>the Administrative Agent from time to time (including, as of the Effective Date, a user</u><u>ID/</u>

![floatingimage_812.jpg](floatingimage_812.jpg)

<u>password authorization system), each Lender, each Issuer, Holdings and the Borrower</u>

![floatingimage_741.jpg](floatingimage_741.jpg)

<u>acknowledges and agrees that (i) the distribution of material through an electronic medium is not</u>

![floatingimage_812.jpg](floatingimage_812.jpg)

<u>necessarily secure, (ii) the Administrative Agent is not responsible for approving or vetting</u>

![floatingimage_812.jpg](floatingimage_812.jpg)

<u>administrators, representatives, or contacts of the Borrower added to the Approved Borrower</u>

![floatingimage_812.jpg](floatingimage_812.jpg)

<u>Portal, and (iii) there may be confidentiality and other risks associated with such distribution.</u>

![floatingimage_812.jpg](floatingimage_812.jpg)

<u>Each Lender, each</u><u>Issuer, Holdings and the Borrower hereby approves distribution of Borrower</u>

![floatingimage_741.jpg](floatingimage_741.jpg)

<u>Communications through the Approved Borrower Portal and understands and assumes the risks</u>

![floatingimage_812.jpg](floatingimage_812.jpg)

<u>of such distribution.</u>

![floatingimage_685.jpg](floatingimage_685.jpg)

(c)<u>THE</u><u>APPROVED</u><u>BORROWER</u><u>PORTAL</u><u>IS</u><u>PROVIDED</u><u>"AS</u><u>IS"</u>

---

| |
|:---|
| <u>AND</u><u>"AS</u><u>AVAILABLE".</u><u>THE</u><u>AGENT</u><u>AFFILIATES</u><u>DO</u><u>NOT</u><u>WARRANT</u><u>THE</u> |
| <u>ACCURACY</u><u>OR</u><u>COMPLETENESS</u><u>OF</u><u>THE</u><u>BORROWER</u><u>COMMUNICATIONS,</u><u>OR</u><u>THE</u> |
| <u>ADEQUACY</u><u>OF</u><u>THE</u><u>APPROVED</u><u>BORROWER</u><u>PORTAL</u><u>AND</u><u>EXPRESSLY</u><u>DISCLAIM</u> |
| <u>LIABILITY</u><u>FOR</u><u>ERRORS</u><u>OR</u><u>OMISSIONS</u><u>IN</u><u>THE</u><u>APPROVED</u><u>BORROWER</u><u>PORTAL</u> |
| <u>AND</u><u>THE</u><u>BORROWER</u><u>COMMUNICATIONS.</u><u>NO</u><u>WARRANTY</u><u>OF</u><u>ANY</u><u>KIND,</u> |
| <u>EXPRESS,</u><u>IMPLIED</u><u>OR</u><u>STATUTORY,</u><u>INCLUDING</u><u>ANY</u><u>WARRANTY</u><u>OF</u> |
| <u>MERCHANTABILITY,</u><u>FITNESS</u><u>FOR</u><u>A</u><u>PARTICULAR</u><u>PURPOSE,</u><u>NON-</u><u>INFRINGEMENT</u> |

---

<u>OF</u><u>THIRD</u><u>PARTY</u><u>RIGHTS</u><u>OR</u><u>FREEDOM</u><u>FROM</u><u>VIRUSES</u><u>OR</u><u>OTHER</u><u>CODE</u><u>DEFECTS,</u>

![floatingimage_686.jpg](floatingimage_686.jpg)

<u>IS MADE BY THE AGENT AFFILIATES IN CONNECTION WITH THE BORROWER</u>

![floatingimage_632.jpg](floatingimage_632.jpg)

<u>COMMUNICATIONS</u><u>OR</u><u>THE</u><u>APPROVED</u><u>BORROWER</u><u>PORTAL.</u><u>IN</u><u>NO</u><u>EVENT</u><u>SHALL</u>

---

| |
|:---|
| <u>THE</u><u>AGENT</u><u>AFFILIATES</u><u>HAVE</u><u>ANY</u><u>LIABILITY</u><u>TO</u><u>ANY</u><u>LOAN</u><u>PARTY,</u><u>ANY</u> |
| <u>LENDER,</u><u>ANY ISSUER</u><u>OR</u><u>ANY</u><u>OTHER</u><u>PERSON</u><u>OR</u><u>ENTITY</u><u>FOR</u><u>DAMAGES</u><u>OF</u><u>ANY</u> |
| <u>KIND,</u><u>INCLUDING</u><u>DIRECT</u><u>OR</u><u>INDIRECT,</u><u>SPECIAL,</u><u>INCIDENTAL</u><u>OR</u> |
| <u>CONSEQUENTIAL</u><u>DAMAGES,</u><u>LOSSES</u><u>OR</u><u>EXPENSES</u><u>(WHETHER</u><u>IN</u><u>TORT,</u> |
| <u>CONTRACT</u><u>OR</u><u>OTHERWISE)</u><u>ARISING</u><u>OUT</u><u>OF</u><u>THE</u><u>BORROWER'S</u><u>TRANSMISSION</u> |
| <u>OF</u><u>BORROWER</u><u>COMMUNICATIONS</u><u>THROUGH</u><u>THE</u><u>INTERNET</u><u>OR</u><u>THE</u><u>APPROVED</u> |

---

<u>BORROWER</u><u>PORTAL.</u>

![floatingimage_478.jpg](floatingimage_478.jpg)

(d)<u>Each Lender, each Issuer, Holdings and the Borrower agrees that the</u>

<u>Administrative Agent may, but (except as may be required by applicable law) shall not be</u>

![floatingimage_812.jpg](floatingimage_812.jpg)

<u>obligated to, store the Borrower Communications on the Approved Borrower Portal in</u>

![floatingimage_812.jpg](floatingimage_812.jpg)

<u>accordance with the Administrative Agent's generally applicable document retention procedures</u>

![floatingimage_812.jpg](floatingimage_812.jpg)

<u>and policies.</u>

![floatingimage_285.jpg](floatingimage_285.jpg)

(e)Nothing herein shall prejudice the right of the Borrower to give any<u>notice or</u> 

<u>other communication pursuant to any Loan Document in any other manner specified in</u><u>such</u>![floatingimage_812.jpg](floatingimage_812.jpg)

<u>Loan Document.</u>

![floatingimage_645.jpg](floatingimage_645.jpg)

***<u>Section</u> <u>10.15</u><u>Acknowledgment of</u> <u>Lenders</u>***<u>.</u>

![image_8.jpg](image_8.jpg)

![floatingimage_645.jpg](floatingimage_645.jpg)

![floatingimage_968.jpg](floatingimage_968.jpg)

(a)<u>(i) Each Lender and Issuer hereby agrees that (x) if the Administrative</u>

<u>Agent</u><u>notifies such</u><u>Lender</u><u>or</u><u>such</u><u>Issuer,</u><u>as</u><u>applicable,</u><u>that</u><u>the</u><u>Administrative</u><u>Agent</u><u>has</u>

![image_8.jpg](image_8.jpg)

![floatingimage_645.jpg](floatingimage_645.jpg)

![floatingimage_861a.jpg](floatingimage_861a.jpg)

![floatingimage_758.jpg](floatingimage_758.jpg)

![floatingimage_761.jpg](floatingimage_761.jpg)

![floatingimage_878.jpg](floatingimage_878.jpg)

![floatingimage_769.jpg](floatingimage_769.jpg)

![floatingimage_772.jpg](floatingimage_772.jpg)

![floatingimage_775.jpg](floatingimage_775.jpg)

![floatingimage_778.jpg](floatingimage_778.jpg)

![floatingimage_781.jpg](floatingimage_781.jpg)

![floatingimage_783.jpg](floatingimage_783.jpg)

![floatingimage_785.jpg](floatingimage_785.jpg)

![floatingimage_793.jpg](floatingimage_793.jpg)

![floatingimage_783.jpg](floatingimage_783.jpg)

![floatingimage_791.jpg](floatingimage_791.jpg)

![floatingimage_793.jpg](floatingimage_793.jpg)

![floatingimage_795.jpg](floatingimage_795.jpg)

![floatingimage_861a.jpg](floatingimage_861a.jpg)

![floatingimage_700.jpg](floatingimage_700.jpg)

![floatingimage_702.jpg](floatingimage_702.jpg)

![floatingimage_704.jpg](floatingimage_704.jpg)

![floatingimage_706.jpg](floatingimage_706.jpg)

![floatingimage_708.jpg](floatingimage_708.jpg)

![floatingimage_710.jpg](floatingimage_710.jpg)

![floatingimage_712.jpg](floatingimage_712.jpg)

![floatingimage_714.jpg](floatingimage_714.jpg)

![floatingimage_716.jpg](floatingimage_716.jpg)

![floatingimage_718.jpg](floatingimage_718.jpg)

![floatingimage_720.jpg](floatingimage_720.jpg)

![floatingimage_722.jpg](floatingimage_722.jpg)

![floatingimage_724.jpg](floatingimage_724.jpg)

![floatingimage_795.jpg](floatingimage_795.jpg)

![floatingimage_759.jpg](floatingimage_759.jpg)

![floatingimage_764.jpg](floatingimage_764.jpg)

![floatingimage_879.jpg](floatingimage_879.jpg)

![floatingimage_771.jpg](floatingimage_771.jpg)

![floatingimage_774.jpg](floatingimage_774.jpg)

![floatingimage_777.jpg](floatingimage_777.jpg)

![floatingimage_780.jpg](floatingimage_780.jpg)

![floatingimage_782.jpg](floatingimage_782.jpg)

![floatingimage_790a.jpg](floatingimage_790a.jpg)

![floatingimage_786.jpg](floatingimage_786.jpg)

![floatingimage_788.jpg](floatingimage_788.jpg)

![floatingimage_790a.jpg](floatingimage_790a.jpg)

![floatingimage_792.jpg](floatingimage_792.jpg)

![floatingimage_788.jpg](floatingimage_788.jpg)

![floatingimage_661.jpg](floatingimage_661.jpg)

![floatingimage_701.jpg](floatingimage_701.jpg)

![floatingimage_703.jpg](floatingimage_703.jpg)

![floatingimage_705.jpg](floatingimage_705.jpg)

![floatingimage_707.jpg](floatingimage_707.jpg)

![floatingimage_709.jpg](floatingimage_709.jpg)

![floatingimage_711.jpg](floatingimage_711.jpg)

![floatingimage_713.jpg](floatingimage_713.jpg)

![floatingimage_715.jpg](floatingimage_715.jpg)

![floatingimage_717.jpg](floatingimage_717.jpg)

![floatingimage_719.jpg](floatingimage_719.jpg)

![floatingimage_721.jpg](floatingimage_721.jpg)

![floatingimage_723.jpg](floatingimage_723.jpg)

![floatingimage_725.jpg](floatingimage_725.jpg)

![floatingimage_661.jpg](floatingimage_661.jpg)

![floatingimage_729.jpg](floatingimage_729.jpg)

<u>determined in its sole discretion that any funds received by such Lender or such Issuer, as</u>

![floatingimage_760.jpg](floatingimage_760.jpg)

![floatingimage_762.jpg](floatingimage_762.jpg)

![floatingimage_812.jpg](floatingimage_812.jpg)

<u>applicable,</u><u>from</u><u>the</u><u>Administrative</u><u>Agent</u><u>or</u><u>any</u><u>of</u><u>its</u><u>Affiliates</u><u>(whether</u><u>as</u><u>a</u><u>payment,</u>

![floatingimage_765.jpg](floatingimage_765.jpg)

<u>prepayment or repayment of principal, interest, fees or otherwise; individually and collectively, a</u>

"*Payment*") were erroneously transmitted to such Lender or Issuer (whether or not known to such

![floatingimage_550.jpg](floatingimage_550.jpg)

<u>Lender or such Issuer, as applicable), as applicable, and demands the return of such Payment (or</u>

![floatingimage_741.jpg](floatingimage_741.jpg)

<u>a portion thereof), such Lender or such Issuer, as applicable, shall promptly, but in no event later</u>

![floatingimage_812.jpg](floatingimage_812.jpg)

<u>than one Business Day thereafter (or such later date as the Administrative Agent, may, in its sole</u>

![floatingimage_812.jpg](floatingimage_812.jpg)

<u>discretion, specify in writing), return to the Administrative Agent the amount of any such</u>

![floatingimage_812.jpg](floatingimage_812.jpg)

<u>Payment (or portion thereof) as to which such a demand was made in same day funds, together</u>

![floatingimage_812.jpg](floatingimage_812.jpg)

<u>with interest thereon (except to the extent waived in writing by the Administrative Agent) in</u>

![floatingimage_812.jpg](floatingimage_812.jpg)

<u>respect of each day from and including the date such Payment (or portion thereof) was received</u>

![floatingimage_812.jpg](floatingimage_812.jpg)

<u>by</u><u>such</u><u>Lender</u><u>or</u><u>such</u><u>Issuer,</u><u>as</u><u>applicable,</u><u>to</u><u>the</u><u>date</u><u>such</u><u>amount</u><u>is</u><u>repaid</u><u>to</u><u>the</u>

<u>AdministrativeAgentatthegreateroftheFederalFundsRateandaratedeterminedbythe</u>

<u>Administrative</u><u>Agent</u><u>in</u><u>accordance</u><u>with</u><u>banking</u><u>industry</u><u>rules</u><u>on</u><u>interbank</u><u>compensation</u><u>from</u>

![floatingimage_738.jpg](floatingimage_738.jpg)

<u>time to time in effect, and (y) to the extent permitted by applicable law, such Lender or such</u>

![floatingimage_812.jpg](floatingimage_812.jpg)

<u>Issuer, as applicable, shall not assert, and hereby waives, as to the Administrative Agent, any</u>

![floatingimage_812.jpg](floatingimage_812.jpg)

<u>claim, counterclaim, defense or right of set-off or recoupment with respect to any demand, claim</u>

![floatingimage_741.jpg](floatingimage_741.jpg)

<u>or counterclaim by the Administrative Agent for the return of any Payments received, including</u>

![floatingimage_812.jpg](floatingimage_812.jpg)

<u>without limitation any defense based on "discharge for value" or any similar doctrine.</u><u>A notice</u>

<u>oftheAdministrativeAgenttoanyLenderorIssuerunderthis*Section10.15(a)*shallbe</u>

<u>conclusive, absent manifest</u> <u>error.</u>

![floatingimage_831.jpg](floatingimage_831.jpg)

(ii)EachLenderandeachIssuerherebyfurtheragreesthatif<u>it</u>![floatingimage_743.jpg](floatingimage_743.jpg)

![floatingimage_744.jpg](floatingimage_744.jpg)

<u>receives a Payment from</u><u>the Administrative Agent or any of its Affiliates (x) that is in</u><u>a</u>![floatingimage_836.jpg](floatingimage_836.jpg)

<u>different amount than, or on a different date from, that specified in a notice of payment</u>

![floatingimage_836.jpg](floatingimage_836.jpg)

<u>sent by the Administrative Agent (or any of its Affiliates) with respect to such Payment</u>

![floatingimage_836.jpg](floatingimage_836.jpg)

<u>(a "</u>*<u>Payment Notice</u>*<u>") or (y) that was not preceded or accompanied by</u><u>a</u><u>Payment Notice,</u>

![floatingimage_836.jpg](floatingimage_836.jpg)

<u>it shall be on notice, in each such case, that an error has been made with respect to such</u>

![floatingimage_836.jpg](floatingimage_836.jpg)

<u>Payment.</u><u>Each Lender and each Issuer agrees that, in each such case, or if it otherwise</u>

![floatingimage_836.jpg](floatingimage_836.jpg)

<u>becomes aware a Payment (or portion thereof) may have been sent in error, such Lender</u>

orsuchIssuer,asapplicable,shallpromptlynotifytheAdministrativeAgentofsuch

occurrenceand,upondemandfromtheAdministrativeAgent,itshallpromptly,butinno

![floatingimage_752.jpg](floatingimage_752.jpg)

<u>event later than one Business Day thereafter (or such later date as the Administrative</u>

![floatingimage_836.jpg](floatingimage_836.jpg)

<u>Agent, may, in its sole discretion, specify in writing), return to the Administrative Agent</u>

![floatingimage_836.jpg](floatingimage_836.jpg)

<u>the amount of any such Payment (or portion thereof) as to which such a demand was</u>

![floatingimage_836.jpg](floatingimage_836.jpg)

<u>made in same day funds, together with interest thereon (except to the extent waived in</u>

![floatingimage_836.jpg](floatingimage_836.jpg)

<u>writing by the Administrative Agent) in respect of each day from and including the date</u>

suchPayment(orportionthereof)wasreceivedbysuchLenderorsuchIssuer,as

applicable, to the date such amount is repaid to the Administrative Agent at the greater of

the Federal Funds Rate and a rate determined by the Administrative Agent in accordance

<u>with banking industry rules on interbank compensation from time to time in</u> <u>effect.</u>

![floatingimage_763.jpg](floatingimage_763.jpg)

(iii)<u>The Borrower and each other Loan Party hereby agrees that (x)</u><u>in</u> 

<u>the event an erroneous Payment (or portion thereof) are not recovered from any</u><u>Lender</u>![floatingimage_836.jpg](floatingimage_836.jpg)

<u>or any Issuer that has received such Payment (or portion thereof) for any reason,</u><u>the</u>![floatingimage_836.jpg](floatingimage_836.jpg)

<u>Administrative Agent shall be subrogated to all the rights of such Lender or such</u><u>Issuer,</u>![floatingimage_836.jpg](floatingimage_836.jpg)

<u>as applicable, with respect to such amount and (y) an erroneous Payment shall not</u><u>pay,</u>![floatingimage_776.jpg](floatingimage_776.jpg)

![floatingimage_502.jpg](floatingimage_502.jpg)

![image_8.jpg](image_8.jpg)

![floatingimage_645.jpg](floatingimage_645.jpg)

<u>prepay, repay, discharge or otherwise satisfy any Obligations owed by the Borrower</u><u>or</u> 

<u>any other Loan Party.</u>

![image_8.jpg](image_8.jpg)

![floatingimage_645.jpg](floatingimage_645.jpg)

![floatingimage_822.jpg](floatingimage_822.jpg)

![floatingimage_823.jpg](floatingimage_823.jpg)

![floatingimage_824.jpg](floatingimage_824.jpg)

![floatingimage_478.jpg](floatingimage_478.jpg)

(iv)<u>Each party's obligations under this</u> *<u>Section 10.15(a)</u>* <u>shall</u><u>survive</u> 

<u>the resignation or replacement of the Administrative Agent or any transfer of</u><u>rights or</u>![floatingimage_836.jpg](floatingimage_836.jpg)

<u>obligations by, or the replacement of, a Lender or an Issuer, the termination of</u><u>the</u>![floatingimage_836.jpg](floatingimage_836.jpg)

<u>Commitments or the repayment, satisfaction or discharge of all Obligations under</u><u>any</u>![floatingimage_836.jpg](floatingimage_836.jpg)

<u>Loan Document.</u>

![floatingimage_801.jpg](floatingimage_801.jpg)

(b)<u>The Lenders and Issuers acknowledge that there may be a constant flow</u><u>of</u> 

<u>information (including information which may be subject to confidentiality obligations in</u><u>favor</u>![floatingimage_812.jpg](floatingimage_812.jpg)

<u>of the Loan Parties) between the Loan Parties and their Affiliates, on the one hand, and</u>

JPMorganChaseBank,N.A.

anditsAffiliates,ontheotherhand.Withoutlimitingthe

<u>foregoing, the Loan Parties or their Affiliates may provide information, including updates to</u>

![floatingimage_812.jpg](floatingimage_812.jpg)

<u>previously provided information to JPMorgan Chase Bank, N.A. and/or its Affiliates acting in</u>

![floatingimage_741.jpg](floatingimage_741.jpg)

<u>different capacities, including as Lender, Issuer, lead bank, arranger or potential securities</u>

![floatingimage_812.jpg](floatingimage_812.jpg)

<u>investor, independent of such entity's role as administrative agent hereunder.</u><u>The Lenders and</u>

![floatingimage_812.jpg](floatingimage_812.jpg)

<u>Issuers acknowledge that neither JPMorgan Chase Bank, N.A. nor its Affiliates shall be under</u>

![floatingimage_812.jpg](floatingimage_812.jpg)

<u>any obligation to provide any of the foregoing information to them.. Notwithstanding anything to</u>

![floatingimage_808.jpg](floatingimage_808.jpg)

<u>the contrary set forth herein or in any other Loan Document, except for notices, reports and other</u>

![floatingimage_809.jpg](floatingimage_809.jpg)

<u>documents expressly required to be furnished to the Lenders and/or the Issuers by the</u>

![floatingimage_741.jpg](floatingimage_741.jpg)

<u>Administrative Agent herein, the Administrative Agent shall not have any duty or responsibility</u>

![floatingimage_812.jpg](floatingimage_812.jpg)

<u>to provide, and shall not be liable for the failure to provide, any Lender or any Issuer with any</u>

![floatingimage_812.jpg](floatingimage_812.jpg)

<u>credit or other information concerning the Loans, the Lenders, the Issuers, the business,</u>

![floatingimage_741.jpg](floatingimage_741.jpg)

<u>prospects, operations, property, financial and other condition or creditworthiness of any of the</u>

![floatingimage_812.jpg](floatingimage_812.jpg)

<u>Loan Parties or any of their respective Affiliates that is communicated to, obtained by, or in the</u>

![floatingimage_812.jpg](floatingimage_812.jpg)

<u>possession of, the Administrative Agent or any of its Affiliates in any capacity, including any</u>

![floatingimage_812.jpg](floatingimage_812.jpg)

<u>information obtained by the Administrative Agent in the course of communications among the</u>

![floatingimage_812.jpg](floatingimage_812.jpg)

<u>Administrative Agent and any Loan Party, any Affiliate thereof or any other Person.</u>

![floatingimage_812.jpg](floatingimage_812.jpg)

<u>Notwithstanding the foregoing, any such information may (but shall not be required to) be shared</u>

![floatingimage_686.jpg](floatingimage_686.jpg)

<u>by the Administrative Agent with one or more Lenders and/or Issuers or any formal or informal</u>

![floatingimage_812.jpg](floatingimage_812.jpg)

<u>committee or ad hoc group of such Lenders and/or Issuers, as applicable, including at the</u>

![floatingimage_812.jpg](floatingimage_812.jpg)

<u>direction of a Loan Party.</u>

**ARTICLE XI** 

**Miscellaneous**

***Section 11.1Amendments,Waivers,Etc.***

(a)Subject to *clause (E)* of the second proviso below, no amendment,

modification or waiver of any provision of this Agreement or any other Loan Document nor

consent to any departure by any Loan Party therefrom shall in any event be effective unless the

same shall be in writing and signed by the Requisite Lenders (or by the Administrative Agent

with the consent of the Requisite Lenders) and, in the case of any amendment, by Borrower, and

then any such waiver or consent shall be effective only in the specific instance and for the

specific purpose for which given; *provided* that no amendment, waiver or consent shall, unless in

writing and signed by each Lender directly and adversely affected thereby, in addition to the

Requisite Lenders (or the Administrative Agent with the consent thereof), do any of the

following:

![image_8.jpg](image_8.jpg)

![floatingimage_645.jpg](floatingimage_645.jpg)

(i)[Reserved];

![image_8.jpg](image_8.jpg)

![floatingimage_645.jpg](floatingimage_645.jpg)

![floatingimage_848.jpg](floatingimage_848.jpg)

![floatingimage_829.jpg](floatingimage_829.jpg)

![floatingimage_830.jpg](floatingimage_830.jpg)

![floatingimage_826.jpg](floatingimage_826.jpg)

(ii)increasetheCommitmentofsuchLenderorsubjectsuchLender to

any additional obligation;

(iii)extend the scheduled final maturity of any Loan owing to such

![floatingimage_846.jpg](floatingimage_846.jpg)

Lender, or waive or postpone any scheduled date fixed for the payment or reduction of

![floatingimage_661.jpg](floatingimage_661.jpg)

principal of any such Loan (it being understood that *Section 2.9* does not provide for

scheduled dates fixed for payment) or for the reduction of such Lender's Commitment;

(iv)reduce the principal amount of any Loan or Reimbursement

Obligation owing to such Lender (other than by the payment or prepayment thereof);

(v)reduce the rate of interest on any Loan or Reimbursement

Obligations outstanding to such Lender or any fee payable hereunder to such Lender;

(vi)postpone any scheduled date fixed for payment of interest onany

Loan or Reimbursement Obligations outstanding to such Lender or fees owing to such

Lender;

(vii)change the aggregate Ratable Portions of Lenders required

for any or all Lenders to take any action hereunder;

(viii)release all or substantially all of the Collateral except as

provided in *Section 10.8(b)* or release Borrower from its payment obligation to such

Lender under this Agreement or the Notes owing to such Lender (if any) or release any

![floatingimage_645.jpg](floatingimage_645.jpg)

Guarantor from its obligations under the Guaranty <u>or the Parent Guaranty, as applicable,</u>

except in connection with sale or other disposition of a Subsidiary Guarantor (or all or

substantially all of the assets thereof) permitted by this Agreement (or permitted pursuant

to a waiver or consent of a transaction otherwise prohibited by this Agreement) or as

![floatingimage_645.jpg](floatingimage_645.jpg)

otherwise permitted by this Agreement or,the Guaranty <u>or the Parent Guaranty</u>;

![floatingimage_831.jpg](floatingimage_831.jpg)

(ix)[Reserved]; orcontractuallysubordinate (1) the Liens in favor of<u>the</u> 

<u>Collateral Agent on all or substantially all of the Collateral securing the Secured</u>

![floatingimage_836.jpg](floatingimage_836.jpg)

<u>Obligations or (2) the Secured Obligations in right of payment, in each case under this</u>

![floatingimage_836.jpg](floatingimage_836.jpg)

*<u>clause (a)(ix)</u>*<u>, in respect of any other Indebtedness for borrowed money (other than</u>

![floatingimage_836.jpg](floatingimage_836.jpg)

<u>amendments, supplements, waivers or other modifications the effect of which is to</u>

![floatingimage_836.jpg](floatingimage_836.jpg)

<u>increase the amount of Indebtedness that may be incurred pursuant to Sections 8.1(f),</u>

![floatingimage_836.jpg](floatingimage_836.jpg)

<u>8.1(g), 8.1(h), 8.1(q), 8.1(u), 8.1(y) and 8.1(bb)) (any such other Indebtedness to which</u>

![floatingimage_859.jpg](floatingimage_859.jpg)

<u>such Liens or Obligations, as applicable, are subordinated, "</u>*<u>Senior Indebtedness</u>*<u>"),</u>

![floatingimage_836.jpg](floatingimage_836.jpg)

<u>unless each directly and adversely affected Lender has been offered an opportunity to</u>

![floatingimage_836.jpg](floatingimage_836.jpg)

<u>fund or otherwise provide its pro rata share (based on the amount of Obligations that are</u>

![floatingimage_836.jpg](floatingimage_836.jpg)

<u>adversely affected thereby held by each Lender and calculated immediately prior to any</u>

![floatingimage_836.jpg](floatingimage_836.jpg)

<u>applicable amendment or incurrence of Senior Indebtedness) of the Senior Indebtedness</u>

![floatingimage_859.jpg](floatingimage_859.jpg)

<u>on the same terms as offered to all other providers (or their Affiliates) of the Senior</u>

![floatingimage_836.jpg](floatingimage_836.jpg)

<u>Indebtedness (other than bona fide backstop fees, structuring or arrangement or similar</u>

![floatingimage_836.jpg](floatingimage_836.jpg)

<u>fees</u><u>and</u><u>reimbursement</u><u>of</u><u>counsel</u><u>fees</u><u>and</u><u>other</u><u>expenses</u><u>in</u><u>connection</u><u>with</u><u>the</u>

negotiationofthetermsofsuchtransaction)andtotheextentsuchadverselyaffected

Lender decides to participate in the Senior Indebtedness, receives its pro rata share of the

<u>fees</u><u>and</u><u>any</u><u>other</u><u>similar</u><u>benefit</u><u>(other</u><u>than</u><u>bona</u><u>fide</u><u>backstop</u><u>fees,</u><u>structuring</u><u>or</u>

![floatingimage_836.jpg](floatingimage_836.jpg)

<u>arrangement</u><u>or</u><u>similar</u><u>fees</u><u>and</u><u>reimbursement</u><u>of</u><u>counsel</u><u>fees</u><u>and</u><u>other</u><u>expenses</u><u>in</u>

![image_8.jpg](image_8.jpg)

![floatingimage_645.jpg](floatingimage_645.jpg)

![image_8.jpg](image_8.jpg)

![floatingimage_645.jpg](floatingimage_645.jpg)

![floatingimage_861a.jpg](floatingimage_861a.jpg)

![floatingimage_862.jpg](floatingimage_862.jpg)

![floatingimage_864.jpg](floatingimage_864.jpg)

![floatingimage_866.jpg](floatingimage_866.jpg)

![floatingimage_868.jpg](floatingimage_868.jpg)

![floatingimage_870.jpg](floatingimage_870.jpg)

![floatingimage_872.jpg](floatingimage_872.jpg)

![floatingimage_874.jpg](floatingimage_874.jpg)

![floatingimage_876.jpg](floatingimage_876.jpg)

![floatingimage_878.jpg](floatingimage_878.jpg)

![floatingimage_880.jpg](floatingimage_880.jpg)

![floatingimage_882.jpg](floatingimage_882.jpg)

![floatingimage_884.jpg](floatingimage_884.jpg)

![floatingimage_795.jpg](floatingimage_795.jpg)

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<u>connection with the negotiation of the terms of such transaction) of the Senior</u>

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<u>Indebtedness afforded to the providers of the Senior Indebtedness (or any of their</u>

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<u>Affiliates) in connection with providing the Senior Indebtedness pursuant to a written</u>

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<u>offer made to each such directly and adversely affected Lender describing the material</u>

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<u>terms of the arrangements pursuant to which the Senior Indebtedness is to be provided,</u>

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<u>which offer shall remain open to each such directly and adversely affected Lender for a</u>

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<u>period of not less than five Business Days;</u> *<u>provided</u>*<u>,</u> *<u>however</u>*<u>, that (x) any Lender may</u>

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<u>designate any of its Affiliates to provide such Senior Indebtedness on its behalf with the</u>

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<u>Secured</u><u>Obligations</u><u>of</u><u>such</u><u>Lender</u><u>being</u><u>treated,</u><u>for</u><u>purposes</u><u>hereof,</u><u>as</u><u>though</u><u>such</u>

Lenderhad providedsuchSeniorIndebtednessitselfwithoutthewrittenconsentofeach

directly and adversely affected Lender and (y) in no event shall this clause (a)(ix) restrict

<u>any such amendment, supplement, waiver or other modification (I) in connection with</u>

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<u>any "debtor in possession" financing, (II) in connection with an ABL, any Indebtedness</u>

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<u>permitted</u><u>under</u><u>Subsection</u><u>8.1(g),</u><u>or</u><u>any</u><u>factoring,</u><u>securitization</u><u>or</u><u>other</u><u>similar</u>

facilityor(III)expresslypermittedbythisAgreement,theSecurityDocuments,any

<u>Intercreditor Agreement or any Other Intercreditor Agreement;</u> <u>or</u>

(x)amend *Section 10.8(b)*, this *Section 11.1, Section 11.8*, any waterfall

provision or the definition of "<u>Ratable Portion</u>"; *provided* that in connection with the

addition to the Facilities of a new Tranche of loans, this *Section 11.1* and the definition

of "<u>Ratable Portion</u>" may be amended with the consent of the Administrative Agentin

ordertoprovidethelendersofsuchnewTrancheofloansorcommitmentswith voting

rights proportionate to the commitments of such new lenders;

*provided*, *further*, that

(A)[Reserved],

(B)no amendment, waiver or consent shall, unless inwriting

and signed by any Special Purpose Vehicle that has been granted an option

pursuant to *Section 11.2(g)*affect the grant or nature of such option or the right

or duties of such Special Purpose Vehicle hereunder,

(C)no amendment, waiver or consent shall, unless inwriting

and signed by the Administrative Agent in addition to the Lenders required

above to take such action, affect the rights or duties of the Administrative Agent

under this Agreement or the other Loan Documents;

(D)no amendment, waiver or consent shall, unless inwriting

and signed bythe Administrative Agent in addition to each Issuer, affect the

rights or duties of the Issuers, in their respective capacities as such, underthis

Agreement or the other Loan Documents;

(E)notwithstandinganyoftheforegoing,theAdministrative

Agent may, solely with the consent of Borrower, amend, modify or supplement

this Agreement to cure any typographical error, ambiguity, omission, defect or

inconsistency;

(F)no amendment, waiver or consent shall without the written

consentof(<u>x</u>) allLendersamendthedefinitionoftheterm"Requisite

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Lenders," (<u>y</u>) all Revolving Credit Lenders amend the definition of the term

"Requisite Revolving Credit Lenders" and (<u>z</u>) all TermLoan Lenders amend the

definition of the term "Requisite Term Loan Lenders"; *provided* that in

connection with the addition to the Facilities of a new Tranche of loans or

commitments the foregoing definitions may be amended with the consent of the

Administrative Agent in order to provide Lenders of such new Tranche of loans

or commitments with voting rights proportionate to the commitments of such

new Lenders; and

(G)the written consent of the Requisite Revolving Credit

Lenders shall be required to (i)amend or otherwise modify *Section 3.2* with

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respect to any extension of credit under the Revolving Credit Facility, (<u>ii</u>) waive

any representation made or deemed made in connection with any extension of

credit under the Revolving Credit Facility, or (<u>iii</u>)waive or consent to any

Default or Event of Default relating solely to the Revolving Loans and

Revolving Credit Commitments (including Defaults and Events of Default

relating to the foregoing *clauses (i)* and *(ii)*); *provided*, *however*, that the

amendments, modifications, waivers and consents described in this *clause (G)*

shall not require the consent of any Lenders other than the Requisite Revolving

Credit Lenders.

Anything herein to the contrary notwithstanding, in connection with any "*<u>Requisite Lender</u>*" or

"*<u>Requisite</u><u>Term</u><u>Loan</u><u>Lender</u>*"votes,LendersthatareAffiliatedDebtFundsshallnotbe

permitted,intheaggregate,toaccountformorethan49.9%oftheamountsincludablein

determining whether the "*<u>Requisite Lenders</u>*" or "*<u>Requisite Term Loan Lenders</u>*" have consented

to any amendment, modification, waiver or consent or other action that is subject to such vote.

The voting power of each Lender that is an Affiliated Debt Fund shall be reduced, *pro rata*, to

the extent necessary in order to comply with the immediately preceding sentence.

Anything herein to the contrary notwithstanding, during such period as a Lender is a Defaulting

Lender, to the fullest extent permitted by applicable law, such Lender will not be entitled to vote

in respect of amendments, modifications and waivers hereunder and the Commitment and the

outstanding Loans or other extensions of credit of such Lender hereunder will not be taken into

account in determining whether the Requisite Lenders, Requisite Term Loan Lenders or

Requisite Revolving Credit Lenders or all of the Lenders, as required, have approved any such

amendment, modification or waiver (and the definition of "Requisite Lenders," "Requisite Term

Loan Lenders" and "Requisite Revolving Credit Lenders" will automatically be deemed

modified accordingly for the duration of such period); *provided* that any such amendment,

modification or waiver that would increase or extend the term of the Commitment of such

Defaulting Lender, extend the date fixed for the payment of principal or interest owing to such

Defaulting Lender hereunder, reduce the principal amount of any obligation owing to such

Defaulting Lender, reduce the amount of or the rate or amount of interest on any amount owing

to such Defaulting Lender or of any fee payable to such Defaulting Lender hereunder, or alter the

terms of this proviso, will require the consent of such Defaulting Lender.

(b)The Administrative Agent may, but shall have no obligation to, with the

written concurrence of any Lender, execute amendments, modifications, waivers or consents on

behalf of such Lender.Anywaiver or consent shall be effective onlyin the specific instance and

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for the specific purpose for which it was given.No notice to or demand on Borrower in any case

shall entitle Borrower to any other or further notice or demand in similar or other circumstances.

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(c)Notwithstanding any provision herein to the contrary and, for the avoidance

of doubt, without limiting anything set forth in *Sections 2.21(b)*, *2.22(c)* and *2.24(c)*, this

Agreement may be amended (or amended and restated) with the written consent of the Requisite

Lenders, the Administrative Agent and Borrower (i) to add one or more additional credit

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facilities to this Agreement and to permit the extensions of credit from time to time outstanding

thereunder and the accrued interest and fees in respect thereof to share ratably in the benefits of

this Agreement and the other Loan Documents with the existing Facilities and the accrued

interest and fees in respect thereof, (<u>ii</u>) to ensure that each loan made thereunder is guaranteed

andsecuredbytheCollateralinamannerconsistentwiththeexistingFacilities,

(<u>iii</u>) to include, as appropriate, the Lenders holding such credit facilities in any required vote or

action of the Requisite Lenders or of the Lenders of each Facility hereunder and (<u>iv</u>) to provide

class protection for anyadditional credit facilities in a manner consistent with those provided the

original Facilities pursuant to the provisions of *Section 11.1(a)* as in effect on the Closing Date.

(d)If, in connection with any proposed amendment, modification, waiver or

termination requiring unanimous consent or the consent of all affected Lenders, the consent of

Requisite Lenders is obtained but the consent of other Lenders whose consent is required is not

obtained (any such Lender whose consent is not obtained as described in this *Section 11.1* being

referred to as a "*<u>Non-Consenting Lender</u>*"), then, so long as the Lender acting as the

Administrative Agent is not a Non-Consenting Lender (<u>1</u>) at Borrower's request, the

Administrative Agent or any Eligible Assignee acceptable to the Administrative Agent and, prior

to an Event of Default that is continuing, Borrower, shall have the right with the Administrative

Agent's consent and in the Administrative Agent's sole discretion (but shall have no obligation)

to direct the purchase from such Non-Consenting Lender, and such Non-Consenting Lender

agrees that it shall, upon the Administrative Agent's request, sell and assign to the Lender acting

as the Administrative Agent or such Eligible Assignee, all of the RevolvingCredit Commitments

and Revolving Credit Outstandings of such Non-Consenting Lender if such Non-Consenting

Lender is a Revolving Credit Lender, or all of the Term Loans of such Non-Consenting Lender if

such Non-Consenting Lender is a Term Loan Lender, in each case for an amount equal to the

principalbalanceofallsuchRevolvingLoansorTermLoans,asapplicable,heldbythe

Non-Consenting Lender and all accrued interest and fees with respect thereto through the date of

sale (and, upon receipt of such amount by the Non-Consenting Lender, shall be deemed to have

so sold), such purchase and sale to be consummated pursuant to an executed Assignment and

Assumptionor(<u>2</u>) theBorrowermay,onwrittennoticetotheAdministrativeAgentand the

Non-Consenting Lender, so long as no Event of Default pursuant to *Section 9.1(a)*, *9.1(b)* or

*9.1(f)* shall have occurred and be continuing, prepay the Loans and, if applicable, terminate the

Revolving Credit Commitments of such Non-Consenting Lender, in whole or in part, subject to

*Section 10.6*, without premium or penalty.In furtherance of the foregoing *clause (d)(1)*, each

Lender hereby grants to the Administrative Agent and Borrower an irrevocable power of attorney

(which power is coupled with an interest) to execute and deliver on behalf of such Lender, as

assignor, any Assignment and Assumption necessary to effectuate any such assignment of such

Lender's interests hereunder in the circumstances contemplated by this *Section 11.1(d)*; *provided*

that the Administrative Agent shall not exercise such power of attorney unless such Lender has

failed to enter into any such Assignment and Assumption within 3 days following any written

request from Borrower or the Administrative Agent following the occurrence of any of the

circumstances set forth above in this *clause (d)*.

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(e)If any amendment, amendment and restatement or other modification of this

Agreementisconsummatedonorpriortothefirstanniversary oftheClosing Date and has

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the effect, at any time on or prior to such first anniversary (such time, the "*<u>Applicable Time</u>*"), of

decreasing the Weighted Average Yield with respect to the Term Loans that would otherwise

have been in effect at the Applicable Time (a "*<u>Repricing Amendment</u>*"), if such Repricing

Amendment is made primarily for the purpose of reducing the Weighted Average Yield of such

Term Loans, Borrower shall pay a fee, at the Applicable Time, to each Non-Consenting Lender

that assigns its Term Loans pursuant to *Section 11.1(d)* in connection with any such Repricing

Amendment in an amount equal to 1.0% of the aggregate principal amount of the affected Term

Loans held by such Term Loan Lender.

***Section 11.2Assignments and Participations***.

(a)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 Borrower may not assign or otherwise transfer any of its rights or obligations hereunder

without the prior written consent of the Administrative Agent and each Lender and no Lender or

Issuer may assign or otherwise transfer any of its rights or obligations hereunder except (i) to an

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assignee in accordance with the provisions of *clauses (b)* and *(i)* below, (<u>ii</u>) by way of

participation in accordance with the provisions of *clause (h)* below or (<u>iii</u>) by way of a grant to a

Special Purpose Vehicle or a pledge or assignment of a security interest subject to the restrictions

in *clause (g)* below (and any other attempted assignment or transfer by any party hereto shall be

null and void).Nothing in this Agreement, express or implied, shall be construed to confer upon

any Person (other than the parties hereto, their respective successors and permitted assigns,

Participants to the extent provided in *clause (h)* below, Special Purpose Vehicles to the extent

provided in *clause (g)* below and, to the extent expressly contemplated hereby, each of the

Administrative Agent, the Lenders and the Issuers, their respective Affiliates and each of their

respective partners, directors, officers, employees, agents, trustee, representatives, attorneys,

consultants and advisors) any legal or equitable right, remedy or claim under or by reason of this

Agreement.

(b)Each Lender may at any time assign to one or more Eligible Assignees all or

a portion of its rights and obligations hereunder (including all or a portion of its Revolving Credit

Commitment and the Revolving Loans at the time owing to it and all of its rights and obligations

with respect to the Term Loans and Letters of Credit); *provided* that any such assignment shall be

subject to the following conditions:

(i)(<u>A</u>)In the case of an assignment of the entire remaining amount of

the Term Loans at the time owing to an assigning Lender, 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 (<u>B</u>) in anycase not described in *clause (b)(i)(A)*above, the aggregate

amount of the Term Loans of the assigning Lender subject to each such assignment

(determined as of the Closing Date (as defined in the Assignment and Assumption) of

the Assignment and Assumption with respect to such assignment) shall not be less than

$1,000,000 unless each of the Administrative Agent and, so long as no Event of Default

pursuant to *Section 9.1(a)*, *9.1(b)* or *9.1(f)* shall have occurred and be continuing,

Borrower otherwise consents (each such consent not to be unreasonably withheld);

*provided* that such amounts shall be aggregated in respect of each Lender and its

Affiliates or Approved Funds, if any.

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(ii)(<u>A</u>)In the case of an assignment of the entire remaining amount of

the assigningLender's RevolvingCredit Commitment and the RevolvingLoans at the

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time owing to it or in the case of an assignment to a Lender, an Affiliate of a Lender, no

minimumamount need be assigned and (<u>B</u>) in anycase not described in *clause(b)(ii)(A)*

above, the aggregate amount of the Revolving Credit Commitment (which for this

purpose includes the Revolving Credit Outstandings thereunder) or, if the applicable

Revolving Credit Commitment is not then in effect, the principal outstandingbalance of

the Revolving Credit Outstandings of the assigning Lender subject to each such

assignment (determined as of the Closing Date (as defined in the Assignment and

Assumption) of the Assignment and Assumption with respect to such assignment) shall

not be less than the $5,000,000 unless each of the Administrative Agent and, so long as

no Event of Default pursuant to *Section 9.1(a)*, *9.1(b)* or *9.1(f)* shall have occurred and

be continuing, Borrower otherwise consents (each such consent not to be unreasonably

withheld); *provided* that such amounts shall be aggregated in respect of each Lender and

its Affiliates or Approved Funds, if any.

(iii)(<u>A</u>)If any such assignment shall be of the assigning Lender's

Revolving Credit Outstandings and Revolving Credit Commitment, such assignment

shall be made as an assignment of a proportionate part of all the assigning Lender's

rights and obligations under this Agreement with respect to the Revolving Credit

Outstandings and the Revolving Credit Commitment assigned and (<u>B</u>) if any such

assignment shall be of the assigning Lender's Term Loans, such assignment shall be

made as an assignment of a proportionate part of all the assigning Lenders rights and

obligations under this Agreement with respect to the Term Loans assigned.Any such

assignment need not be ratable as among the Facilities.

(iv)No consent shall be required for any assignment except to the extent

required by *clause (b)(i)(B)* or *(b)(ii)(B)* above and, in addition:

(A)the consent of Borrower (such consent not to be

unreasonably withheld (<u>x</u>) in the case of a proposed assignment of Term Loans

and (<u>y</u>) in the case of a proposed assignment of Revolving Loans and Revolving

CreditCommitmentstoanApprovedCommercialBank)shallberequiredunless

(<u>x</u>) an Event of Default pursuant to *Section 9.1(a)*, *9.1(b)* or *9.1(f)* shall have

occurred and be continuing at the time of such assignment; (<u>y</u>) such assignment

is of a Term Loan and to a Lender or an Affiliate of a Lender other than an

Affiliate that is a Disqualified Institution or (<u>z</u>) solely in the case of Term Loans,

an Approved Fund;

(B)the consent of the Administrative Agent (such consent not to

be unreasonably withheld) shall be required for assignments to a Person who is

not a Lender, an Affiliate of a Lender or an Approved Fund; and

(C)the consent of the applicable Issuer (such consent not to be

unreasonably withheld in the case of a proposed assignment to an Approved

Commercial Bank) shall be required for any assignment that increases the

obligation of the assignee to participate in exposure under one or more Letters of

Credit (whether or not then outstanding).

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(c)The parties to each assignment shall execute and deliver to the

Administrative Agent for its acceptance and recording, an Assignment and Assumption, together

withanyNote(iftheassigningLender'sLoansareevidencedbyaNote)subjecttosuch

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assignment.The assignee, if it is not a Lender, shall deliver to the Administrative Agent an

Administrative Questionnaire.Upon such execution, delivery, acceptance and recording and the

receiptbytheAdministrativeAgentfromtheassigneeofanassignmentfeeintheamountof

$3,500 (other than in respect of assignments made pursuant to *Sections 2.17* and *11.1(d)*, it being

understood that only one such fee shall be payable in connection with concurrent assignments to

orbytwoormoreApprovedFunds),fromandaftertheeffectivedatespecifiedinsuch

Assignment and Assumption, (i) the assignee thereunder shall be a party hereto and, to the extent

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of the interest assigned by such Assignment and Assumption, have the rights and obligations of a

Lender under this Agreement and, if such Lender was an Issuer, of such Issuer hereunder, (<u>ii</u>) the

Notes (if any) corresponding to the Loans assigned thereby shall be transferred to such assignee

bynotationintheRegisterand(<u>iii</u>) theassignorthereundershall,totheextentthatrightsand

obligationsunderthisAgreementhavebeenassignedbyitpursuanttosuchAssignmentand

Assumption,relinquishitsrights(exceptforthosesurvivingthepaymentinfullofthe

Obligations)andbereleasedfrom its obligations under the Loan Documents, other than those

relatingtoeventsorcircumstancesoccurringpriortosuchassignment(and,inthecaseofan

AssignmentandAssumptioncoveringallortheremainingportionofanassigningLender's

rights and obligations under the Loan Documents, such Lender shall cease to be a party hereto).

Any assignment or transfer by a Lender of rights or obligations under this Agreement that does

not comply with this paragraph shall be treated for purposes of this Agreement as a sale by such

Lenderofaparticipationinsuchrightsandobligationsinaccordancewith*clause(h)*ofthis

*Section 11.2*.Notwithstanding the foregoing, no assignment pursuant to *clause (i)*below shall be

subject to the requirements of this *clause (c)*.

(d)The Administrative Agent, acting on behalf of Borrower, shall maintain at its

address referred to in *Section 11.9* a copy of each Assignment and Assumption delivered to and

accepted by it and shall record in the Register the names and addresses of the Lenders and

Issuers, the Commitments of each Lender and the principal amount of the Loans, Letters of

Credit and Reimbursement Obligations owing to each Lender and to each Issuer from time to

time.Any assignment pursuant to this*Section 11.2* shall not be effective until such assignment is

recorded in the Register.The entries in the Register shall be *prima facie* evidence thereof, and

the Loan Parties, the Administrative Agent and the Lenders and the Issuers may treat each Person

whose name is recorded in the Register as a Lender or as an Issuer, as applicable, for all purposes

of this Agreement.The Register shall be available for inspection by Borrower at any reasonable

time and from time to time upon reasonable prior notice.Each Lender and Issuer may request

from time to time, and the Administrative Agent shall provide, the principal amount of Loans,

Letters of Credit and/or Reimbursement Obligations, as applicable, owing to such Lender or

Issuer, in each case as reflected in the Register.

(e)Notwithstanding anything to the contrary contained in *clause (d)* above, the

Loans (including the Notes evidencing such Loans) and the Letters of Credit are registered

obligations and the right, title, and interest of the Lenders and their assignees in and to such

Loans and the right, title, and interest of the Issuers and their assignees in and to such Letters of

Credit shall be transferable only upon notation of such transfer in the Register.A Note shall only

evidencetheLender'soranassignee'srighttitle and interestin and to the related Loan, and in

no event is any such Note to be considered a bearer instrument or obligation within the meaning

of Section 163(f) of the Code.This *Section 11.2* shall be construed so that the Loans and the

LettersofCreditareatalltimesmaintainedin"*<u>registered</u><u>form</u>*"withinthemeaningof

Sections 163(f), 871(h)(2) and 881(c)(2) of the Code and any related regulations (or any

successorprovisionsoftheCodeorsuchregulations).Solelyforpurposesofthis*Section11.2*

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and for tax purposes only, the Administrative Agent shall act as Borrower's non-fiduciary agent

for purposes of maintaining such notations of transfer in the Register.

(f)Upon its receipt of an Assignment and Assumption executed by an assigning

Lender and an assignee, the Administrative Agent shall, if such Assignment and Assumption has

been completed, (i) accept such Assignment and Assumption, (<u>ii</u>) record orcause to be recorded

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the information contained therein in the Register and (<u>iii</u>)give prompt written notice thereof to

Borrower.Within ten Business Days after its receipt of such notice, Borrower, at its own

expense, shall, if requested by such assignee, execute and deliver to the Administrative Agent,

new Notes payable to such assignee in an amount equal to the Commitments and Loans assumed

by it pursuant to such Assignment and Assumption and, if the assigning Lender has surrendered

any Note for exchange in connection with the assignment and has retained Commitments or

Loans hereunder, new Notes payable to the assigningLender in an amount equal to the

Commitments retained by it hereunder.Such new Notes shall be dated the samedateasthe

surrenderedNotesandbeinsubstantiallytheformof*ExhibitB-1*or*Exhibit B-2*, as

applicable.

(g)In addition to the other assignment rights provided in this *Section 11.2*, each

Lender may (i) grant to a Special Purpose Vehicle the option to make all or any part of any Loan

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that such Lender would otherwise be required to make hereunder and the exercise of such option

by any such Special Purpose Vehicle and the making of Loans pursuant thereto shall satisfy (once

and to the extent that such Loans are made) the obligation of such Lender to make such Loans

thereunder; *provided* that (<u>x</u>) nothing herein shall constitute a commitment or anoffer to commit

by such a Special Purpose Vehicle to make Loans hereunder and no such Special Purpose Vehicle

shall be liable for any indemnity or other Obligation (other than the making of Loans for which

such Special Purpose Vehicle shall have exercised an option, and then only in accordance with

the relevant option agreement) and (<u>y</u>) such Lender's obligations under the Loan Documents shall

remain unchanged, such Lender shall remain responsible to the other parties for the performance

of its obligations under the terms of this Agreement and shall remain the holder of the

Obligations for all purposes hereunder; and (<u>ii</u>) assign, as collateral or otherwise, any of its rights

under this Agreement (including rights to payments of principal or interest on the Loans)to (<u>x</u>)

any Federal Reserve Bank pursuant to Regulation A of the Federal Reserve Board or any other

central banking authority with jurisdiction over such Lender without notice to or consent of

Borrower or the Administrative Agent, (<u>y</u>) to any bona fide holder of, any financial trustee for

any holder of, any collateral agent for any holder of, or any other representative of holder of,

obligations owed or securities issued, by such fund, as security for such obligations or securities

without notice to or consent of Borrower or Administrative Agent; *provided* that in so acting

such holder, trustee, collateral agent or other representative is acting in its normal course of

business, and (<u>z</u>) to any Special Purpose Vehicle to which such Lender has granted an option

pursuant to *clause (i)* above; and *provided*, *further*, that no such assignment or grant shall release

such Lender from any of its obligations hereunder except as expressly provided in clause (i)

above and except, in the case of a subsequent foreclosure pursuant to an assignment as collateral,

if such foreclosure is made in compliance with the other provisions of this *Section 11.2* other

than this *clause (g)* or *clause (h)* below. The parties hereto acknowledge and agree that, prior to

the date that is one year and one day after the payment in full of all outstanding commercial

paper or other senior debt of any such Special Purpose Vehicle, it will not institute against, or

join any other Person in instituting against, any Special Purpose Vehicle that has been granted an

option pursuant to this *clause (g)* any bankruptcy, reorganization, insolvency or liquidation

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proceeding (such agreement shall survive the payment in full of the Obligations).The terms of

thedesignationof,orassignmentto,suchSpecialPurposeVehicleshallnotrestrictsuch

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Lender's ability to, or grant such Special Purpose Vehicle the right to, consent to any amendment

or waiver to this Agreement or any other Loan Document or to the departure by Borrower from

any provision of this Agreement or any other Loan Document without the consent of such

Special Purpose Vehicle except, as long as the Administrative Agent and the Lenders, Issuers

and other Secured Parties shall continue to, and shall be entitled to continue to, deal solely and

directly with such Lender in connection with such Lender's obligations under this Agreement, to

the extent any such consent would reduce the principal amount of, or the rate of interest on, any

Obligations, amend this *clause (g)* or postpone any scheduled date of payment of such principal

or interest.Each Special Purpose Vehicle shall be entitled to the benefits of (and shall have the

obligations under) *Sections 2.15, 2.16, 2.17* and *2.14(c)* as if it were such Lender; *provided* that

anything herein to the contrary notwithstanding, no Loan Party shall, at any time, be obligated to

make under *Sections 2.15, 2.16, 2.17* or *2.14(c)* to any such Special Purpose Vehicle and any

such Lender anypayment in excess of the amount such Loan Partywould have been obligated to

pay to such Lender in respect of such interest if such Special Purpose Vehicle had not been

assigned the rights of such Lender hereunder; *provided*, *further*, that such Special Purpose

Vehicle shall have no direct right to enforce any of the terms of this Agreement against

Borrower, the Administrative Agent or the other Lenders.

(h)Each Lender may, without consent of Borrower or AdministrativeAgent,

sell participations to any Person (other than a natural person, Disqualified Institution or Borrower

oranyofBorrower'sAffiliatesorSubsidiaries)(each,a"*<u>Participant</u>*")inalloraportion of such

Lender's rights and/or obligations under this Agreement (including all or a portion of its Term

Loan Commitments, Revolving Credit Commitments and the Loans owing to it); *provided* that

(<u>A</u>)such Lender's obligations under this Agreement shall remain unchanged, (<u>B</u>)such Lender

shall remain solely responsible to the other parties hereto for the performance of such obligations,

(<u>C</u>) Borrower, the Administrative Agent, the Lenders and the Issuers shall continueto deal solely

and directly with such Lender in connection with such Lender's rights and obligations under this

Agreement, (<u>D</u>) such Lender shall remain the holder of any such Loan for all purposes under this

Agreement and the other Loan Documents, (<u>E</u>) prior to selling any participation in any Revolving

Commitments, such Lender shall have provided Borrower withnot less than five Business Days'

advance notice of such sale; *provided* that if such Lender does not comply with the notice

requirements set forth in this *Section 11.2(h)(E),* Borrower shall have the right to designate such

Lender and/or Participant as a Disqualified Institution (it being understood that Borrower shall

provide notice to the Administrative Agent of the applicable Lender and/or Participant being so

designated as a Disqualified Institution promptly (and no later than five Business Days) after

such designation) and (<u>F</u>) from time to time upon the reasonable request of Borrower, each

Lender shall provide Borrower a list all of outstanding participations that such Lender has sold.

The terms of such participation shall not, in any event, require the Participant's consent (or

disclosure or any request for a consent) to any amendments, waivers or other modifications of

any provision of any Loan Documents, the consent to any departure byany Loan Party

therefrom, or to the exercising or refraining fromexercising any powers or rights such Lender

may have under or in respect of the Loan Documents (including the right to enforce the

Obligations of the Loan Parties), except if any such amendment, waiver or other modification or

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consent would (i) reduce the amount, or postpone any date fixed for, any amount (whether of

principal, interest or fees) payable to such Participant under the Loan Documents, to which such

Participant would otherwise be entitled under such participation, (<u>ii</u>) increase the amount of

commitments participated to such Participant (other than an increase that is immediately

followed by a substantially concurrent and equivalent (or larger) decrease), (<u>iii</u>) extend the

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scheduled final maturity of any loan owing to such Participant, or waive or postpone any

scheduleddatefixedforthepaymentorreductionofprincipalofany suchloanor(<u>iv</u>) resultin

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the release of all or substantially all of the Collateral or substantially all of the value of the

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Guaranty <u>or the Parent Guaranty, in each case,</u>other than in accordance with *Section 10.8(b)*.In

the event of the sale of any participation by any Lender, (<u>w</u>) such Lender's obligations under the

Loan Documents shall remain unchanged, (<u>x</u>) such Lender shall remain solely responsible to the

other parties for the performance of such obligations, (<u>y</u>) such Lender shall remain the holder of

such Obligations for all purposes of this Agreement and (<u>z</u>) Borrower, the Administrative Agent

and the other Lenders shall continue to deal solely and directly with such Lender in connection

with such Lender's rights and obligations under this Agreement.Borrower agrees that each

Participant shall be entitled to the benefits of (and shall have the obligations under) *Sections*

*2.14(c)*, *2.15*, *2.16* or *2.17* to the same extent as if it were a Lender and had acquired its interest

by assignment pursuant to*clause (b)*above;*provided* that (<u>A</u>) no Loan Party shall be obligated to

make any greater payment under *Sections 2.14*, *2.15* or *2.16* than it would have been obligated to

make in the absence of any participation, unless the sale of such participation is made with the

prior written consent of Borrower and Borrower expressly waives the benefit of this provision at

thetimeofsuchparticipation,and(<u>B</u>) noParticipantshallbeentitledtothebenefitsof*Section*

*2.16*unlesssuchParticipantcomplieswith*Section2.16(f)*and*(g)*andprovidestheformsand

certificates referenced therein to the Lender that granted such participation.To the extent

permitted by law, each Participant also shall be entitled to the benefits of *Section 11.7* as though

it were a Lender, *provided* such Participant agrees to be subject to *Section 11.8* as though it were

a Lender.Notwithstanding the foregoing, no Lender shall be permitted to sell or maintain a

participation under this Agreement to or with any Disqualified Institution and any participation

to a Person that is or at any time becomes a Disqualified Institution shall be null and void, except

to the extent the Borrower has expressly consented to such participation in writing.Any such

participation and Disqualified Institution not permitted prior to the foregoing sentence shall be

subject to the provisions of *Section 11.2(p)*, except to the extent the Borrower has otherwise

expressly consented in writing.Any attempted participation which does not comply with this

*Section 11.2(h)* shall be null and void.

(i)AnyIssuermayatanytimeassignitsrightsandobligationshereunderto any

other Revolving Credit Lender by an instrument in form and substance satisfactory to Borrower,

the Administrative Agent, such Issuer and such Lender, subject to the provisionsunder *Section*

*11.2(d)* relating to notations of transfer in the Register.If any Issuer ceases to be a Lender

hereunder by virtue of any assignment made pursuant to this *Section 11.2(i)*, then, as of the

effective date of such cessation, such Issuer's obligations to Issue Letters of Credit pursuantto

*Section 2.4* shall terminate and such Issuer shall be an Issuer hereunder only with respect to

outstanding Letters of Credit issued prior to such date.

(j)The words "*execution*," "*signed*," "*signature*," and words of like import in

any Assignment and Assumption shall be deemed to include electronic signatures or the keeping

of records in electronic form, each of which shall be of the same legal effect, validity or

enforceability as a manually executed signature or the use of a paper-based recordkeeping

system, as the case maybe, to the extent and as provided for in anyapplicable law, includingthe

Federal Electronic Signatures in Global and National Commerce Act, the New York State

Electronic Signatures and Records Act, or any other similar state laws based on the Uniform

Electronic Transactions Act.

(k)Notwithstanding anything to the contrary contained herein, but subject to the

consent rights of the Administrative Agent in *Section 11.2(b)(iv)(B)*, (<u>x</u>) any Lender may, at any

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time, assign all or a portion of its rights and obligations under this Agreement in respect ofits

TermLoanstoanyParentEntity,theBorrower,anySubsidiaryoranAffiliatedLenderand

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(<u>y</u>) any Parent Entity, the Borrower and any Subsidiary may, from time to time, purchase or

prepay Term Loans, in each case, on a non-pro rata basis through (<u>1</u>) Dutch auction procedures

open to all applicable Lenders on a pro rata basis in accordance with customary procedures to be

agreed between the Borrower and the Administrative Agent (or other applicable agent managing

such auction); *provided* that (<u>A</u>) any such Dutch auction by the Borrower or its Subsidiaries shall

be made in accordance with*Section 2.8(c)*, (<u>B</u>) any such Dutch auction by any Parent Entity shall

be made on terms substantially similar to *Section 2.8(c)* or on other terms to be agreed between

such Parent Entity and the Administrative Agent (or other applicable agent managing such

auction) and (<u>C</u>) no Revolving Loans shall be used to fund any such purchase or (<u>2</u>) open market

purchases; *provided further* that:

(i)no Revolving Loans shall be used to fund any such purchase;

(ii)in the case of Dutch auctions only, no Event of Default under

*Section 9.1(a)*, *9.1(b)* or *9.1(f)* shall have occurred and be continuing or would result

therefrom; and

(iii)all Term Loans purchased pursuant to this *Section 11.2(k)* shall be

immediately and automatically permanently cancelled.

(l)(i)NotwithstandinganythingtothecontraryinthisAgreement,with

respect to any assignment to or by an Affiliated Lender:

(A)such Affiliated Lender that is not an Affiliated Debt Fund

and such other Lender shall execute and deliver to the Administrative Agent an

assignment agreement substantially in the formof *Exhibit J* hereto (an "*<u>Affiliated</u>*

*<u>Lender Assignment and Assumption</u>*");

(B)[Reserved];

(C)at the time of such assignment after giving effect to such

assignment, the aggregate principal amount of all Revolving Credit

Commitments (including Incremental Revolving Credit Commitments) held by

Affiliated Lenders that are not Affiliated Debt Funds shall not exceed 25% of the

aggregate principal amount of all Revolving Credit Commitments (including

Incremental Revolving Credit Commitments) outstanding under this Agreement;

(D)atthetimeofsuchassignmentaftergivingeffecttosuch

assignment, the aggregate principal amount of all Term Loans (including

Incremental Term Loans) held by Affiliated Lenders that are not Affiliated Debt

Funds shall not exceed 25% of the aggregate principal amount of all Term Loans

(including Incremental Term Loans) outstanding under this Agreement; and

(E)any such Term Loans acquired by an Affiliated Lender may,

withtheconsentofBorrower,becontributedtoBorrower,whetherthrough a

Parent Entity or otherwise, and exchanged for debt or equity securities of

Borrower or such Parent Entity that are otherwise permitted to be issued at such

time pursuant to the terms of this Agreement, so long as any Term Loans so

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acquired by Borrower shall be retired and cancelled promptly upon the

acquisition thereof.

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(ii)Notwithstanding anything to the contrary in this Agreement, no

Affiliated Lender that is not an Affiliated Debt Fund shall have any right to (<u>A</u>) attend

(including by telephone) any meeting or discussions (or portion thereof) among the

Administrative Agent or any Lender to which representatives of the Loan Parties are not

invited, (<u>B</u>) receive anyinformation or material prepared bythe AdministrativeAgent or

any Lender or any communication by or among the Administrative Agent and/or one or

more Lenders, except to the extent such information or materials have been made

available to Borrower or its representatives or (<u>C</u>) receive advice of counsel to the

Administrative Agent or any other Lender or challenge their attorney client privilege.

(iii)Notwithstanding anything in *Section 11.1* or the definition of

"*<u>Requisite Lenders</u>*" to the contrary, for purposes of determining whether the Requisite

Lenders, all affected Lenders or all Lenders have (<u>A</u>) consented (or not consented) to any

amendmentorwaiverofanyprovisionofthisAgreementoranyotherLoanDocumentor

any departure by any Loan Party therefrom, (<u>B</u>) otherwise acted on any matter related to

any Loan Document, or (<u>C</u>) directed or required the Administrative Agent or any Lender

to undertake any action (or refrain from taking any action) with respect to or under any

Loan Document, an Affiliated Lender that is not an Affiliated Debt Fund shall be

deemed to have voted its interest as a Lender without discretion in the same proportion

as the allocation of voting with respect to such matter by Lenders who are not such

Affiliated Lenders; *provided* that no amendment, modification, waiver, consent or other

action with respect to any Loan Document shall deprive such Affiliated Lender of its

Ratable Portion of any payments to which such Affiliated Lender is entitled under the

Loan Documents without such Affiliated Lender providing its consent; *provided, further,*

that such Affiliated Lender shall have the right to approve any amendment, modification,

waiverorconsentthat(<u>x</u>) disproportionately andadversely affectssuchAffiliated

Lender in its capacity as a Lender, (<u>y</u>) is of the type described in *Section 11.1(a)(i)*

through *(x)*of this Agreement to the extent that such Affiliated Lender in its capacity as a

Lender is directly and adversely affected thereby or (<u>z</u>) would otherwise require the

consent of all Lenders or each Lender directly and adversely affected thereby.In

furtherance of the foregoing, (<u>x</u>) the Affiliated Lender agrees to execute and deliver to

the Administrative Agent any instrument reasonably requested by the Administrative

Agent to evidence the voting of its interest as a Lender in accordance with the provisions

ofthis*Section 11.2(l)(iii)*;*provided* that if the Affiliated Lender fails to promptly

execute such instrument such failure shall in no way prejudice any of the Administrative

Agent's rights under this paragraph and (<u>y</u>) the Administrative Agent is hereby appointed

(such appointment being coupled with an interest) by such Affiliated Lender as such

Affiliated Lender's attorney-in-fact, with full authority in the place and stead of such

Affiliated Lender and in the name of such Affiliated Lender, from time to time in the

Administrative Agent's discretion to take any action and to execute any instrument that

the Administrative Agent may deem reasonably necessary to carry out the provisions of

this *Section 11.2(l)(iii)*.

(iv)Each Affiliated Lender that is not an Affiliated Debt Fund,solely in

its capacity as a Term Loan Lender, hereby agrees, and each Affiliated Lender

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Assignment Agreement shall provide a confirmation that, if <u>Parent or</u> any Agilon

Restricted Entity shall be subject to any voluntary or involuntary bankruptcy,

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reorganization, insolvency or liquidation proceeding ("*<u>Bankruptcy Proceedings</u>*"), such

AffiliatedLendershallnottakeanysteporactioninsuchBankruptcyProceedingto

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object to, impede, or delay the exercise of any right or the taking of any action by the

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Administrative Agent (or the taking of any action by a third party that is supported by the

Administrative Agent) in relation to such Affiliated Lender's claim with respect to its

Loans (including, without limitation, objecting to any debtor in possession financing, use

of cash collateral, grant of adequate protection, sale or disposition, compromise, or plan

of reorganization) so long as such Affiliated Lender is treated in connection with such

exercise or action on the same or better terms as the other Term Loan Lenders.For the

avoidance of doubt, the Lenders and each Affiliated Lender that is not an Affiliated Debt

Fund agree and acknowledge that the provisions set forth in this *Section 11.2(l)(iv)*, and

the related provisions set forth in each Affiliated Lender Assignment and Assumption,

constitute a "subordination agreement" as such term is contemplated by, and utilized in,

Section 510(a) of the United States Bankruptcy Code, and, as such, would be enforceable

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for all purposes in any case where <u>Parent or an</u> Agilon Restricted Entity has filed for

protection under any law relating to bankruptcy, insolvency or reorganization or relief of

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debtors applicable to <u>Parent or</u>such Agilon Restricted Entity.

(m)NotwithstandinganythingtothecontraryinthisAgreement,S*ection*

*11.1* or the definition of "*Requisite Lenders*," for purposes of determining whether the Requisite

Lenders have (i) consented (or not consented) to any amendment, modification, waiver, consent

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or other action with respect to any of the terms of any Loan Document or any departure by any

LoanPartytherefrom,(<u>ii</u>) otherwiseactedonanymatterrelatedtoanyLoanDocument,or

(<u>iii</u>) directed or required the Administrative Agent or any other Lender to undertake any action

(or refrain from taking any action) with respect to or under any Loan Document, all TermLoans

held by Affiliated Debt Funds may not account for more than 49.9% of the Term Loans of

consenting Lenders included in determining whether the Requisite Lenders have consented to

any action pursuant to *Section 11.1*.

(n)NotwithstandinganythinginthisAgreementtothecontrary,noassignee,

which as of the date of any assignment to it pursuant to this *Section 11.2* would be entitled to any

payment under *Sections 2.14*, *2.15*, *2.16* or *11.3* in an amount greater than the assigning Lender

would have been entitled to as of such date under such Sections with respect to the rights

assigned, shall be entitled to such greater payments unless the assignment was made after an

Event of Default under *Section 9.1(a)*or *9.1(f)(ii)*has occurred and is continuing or Borrower has

expressly consented in writing to waive the benefit of this provision at the time of such

assignment.

(o)Notwithstanding anything to the contrary contained in this Agreement,

assignments deemed to occur pursuant to *Section 11.25* shall be permitted.

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(p)(i)Notwithstanding anything contained in this Agreement or any other Loan

Document to the contrary, if any Lender or Participant at any time is or becomes a Disqualified

Institution, then for so long as such Lender or Participant shall be a Disqualified Institution, the

provisions of this *Section 11.2(p)* shall apply with respect to such Disqualified Institution unless

the Borrower shall have otherwise expressly consented in writing in its sole discretion (and

regardless of whether the Borrower shall have consented to any assignment or participation to

such Lender or Participant).

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(iii)AnyDisqualifiedInstitutionshallbeboundbytheprovisionsof,

but shall not have any rights or remedies or be a beneficiary (whether as a Lender, a

Participantorotherwise)underorwithrespectto,thisAgreementoranyotherLoan

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Document.Without limiting the foregoing, a Disqualified Institution (<u>1</u>) shall not be

entitled to and shall have no right to receive any payment in respect of principal (other

than with respect to payments of principal on the final maturity date for the applicable

Tranche), interest, fees, costs, expenses or any other amount under or in respect of any

Loan Document, including but not limited to pursuant to *Sections 2.4*, *2.8*, *2.9*, *2.10*,

*2.12*, *10.6*, *11.2(h)*, *11.3* or *11.7* of this Agreement or any similar provision of any other

Loan Document, and (<u>2</u>) shall be deemed not to be a Secured Party under or in respect of

any Loan Document.No fees or interest shall accrue for the account of a Disqualified

Institution (except solely for interest payable to a permitted assignee thereof following an

assignment to such assignee (<u>1</u>) pursuant to and as expressly provided in *Section 11.2(b)*

and (<u>2</u>) pursuant to and as expressly provided in *Section 11.2(p)(iv)* below).

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(iii)No Disqualified Institution shall have any right to approve,

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disapprove or consent to any amendment, supplement, waiver or modification of this

Agreement or any other Loan Document or any term hereof or thereof.In determining

whether the requisite Lender or Lenders have consented to any such amendment,

supplement, waiver or modification, and in determining the Requisite Lenders or

Requisite Revolving Credit Lenders for any purpose under or in respect of any Loan

Document, any Lender that is a Disqualified Institution (and the Loans, Commitments

and/or interests in Letter of Credit Obligations of such Disqualified Institution) shall be

excluded and disregarded.Each such amendment, supplement, waiver or modification

shall be binding and effective as to each Disqualified Institution.

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(iv<u>iii</u>)The Borrower shall have the right (<u>A</u>) at the sole expense of any

Lender that is a Disqualified Institution and/or the Person that assigned its Commitments

and/or Loans to such Disqualified Institution, to seek to replace or terminate such

Disqualified Institution as a Lender by causing such Lender to (and such Lender shall be

obligated to) assign any or all of its Commitments and/or Loans and its rights and

obligations under this Agreement to one or more assignees (which may, at the

Borrower's sole option, be or include any Parent Entity, the Borrower or any

Subsidiary); *provided* that (<u>1</u>) the Administrative Agent shall not have any obligation to

the Borrower to find such a replacement Lender, (<u>2</u>) the Borrower shall not have any

obligation to such Disqualified Institution or any other Person to find such a replacement

LenderoracceptorconsenttoanysuchassignmenttoitselforanyotherPersonand

(<u>3</u>) the assignee (or, at its option, the Borrower) shall pay to such Disqualified Institution

concurrently with such assignment an amount (which payment shall be deemed payment

infull)equaltothelesserof(<u>x</u>)thefaceprincipalamountoftheLoanssoassigned,

(<u>y</u>) the amount that such Disqualified Institution paid to acquire such Commitments and/

or Loans, and (<u>z</u>) the most recently available quoted price for such Commitments and/or

Loans (as determined by the Borrower in good faith, which determination shall be

conclusive, the "*<u>Trading Price</u>*"), in each case without interest thereon (it being

understood that if the effective date of such assignment is not an interest payment date,

such assignee shall be entitled to receive on the next succeeding interest payment date

interest on the principal amount of the Loans so assigned that has accrued and is unpaid

from the interest payment date last preceding such effective date (except as may be

otherwise agreed between such assignee and the Borrower)), or (<u>B</u>) to prepay any Loans

held by such Disqualified Institution, in whole or in part, by paying an amount (which

payment shall be deemed payment in full) equal to the lesser of (<u>x</u>) the face principal

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amount of the Loans so prepaid, (<u>y</u>) the amount that such Disqualified Institution paid to

acquiresuchLoans,and(<u>z</u>) theTradingPriceforsuchLoans(ineachcasewithout

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interest thereon), and if applicable, terminate the Commitments of such Disqualified

Institution, in whole or in part.In connection with any such replacement, (<u>1</u>) if the

Disqualified Institution does not execute and deliver to the Administrative Agent a duly

completed Assignment and Assumption and/or any other documentation necessary or

appropriate (in the good faith determination of the Administrative Agent or the

Borrower, which determination shall be conclusive) to reflect such replacement by the

later of (<u>a</u>) the date on which the replacement Lender executes and delivers such

Assignment and Assumption and/or such other documentation and (<u>b</u>) the date as of

which the Disqualified Institution shall be paid by the assignee Lender (or, at its option,

the Borrower) the amount required pursuant to this *Section 11.2(p)(iv)(B)*, then such

Disqualified Institution shallbe deemed tohave executed anddelivered such Assignment

and Assumption and/or such other documentation as of such date and the Borrower shall

be entitled (but not obligated) to execute and deliver such Assignment and Assumption

and/or such other documentation on behalf of such Disqualified Institution, and the

Administrative Agent shall record such assignment in the Register, (<u>2</u>) each Lender

(whether or not then a party hereto) agrees to disclose to the Borrower the amount that

the applicable Disqualified Institution paid to acquire Commitments and/or Loans from

such Lender and (<u>3</u>) each Lender that is a Disqualified Institution agrees to disclose to

the Borrower the amount it paid to acquire the Commitments and/or Loans held by it.

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(v<u>iv</u>)NoDisqualifiedInstitution(whetherasaLender,aParticipant

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or otherwise) shall have any right to (<u>A</u>) receive any information or material made

available to any Lender or the Administrative Agent hereunder or under any other Loan

Document, (<u>B</u>) have access to any Internet or intranet website to which any of the

Lenders and the Administrative Agent have access (whether a commercial, third-party or

other website or whether sponsored by the Administrative Agent, the Borrower or

otherwise),(<u>C</u>) attend(including by telephone)orotherwise participate in any meeting

or discussions (or portions thereof) among or with the Borrower, the Administrative

Agent and/or one or more Lenders, (<u>D</u>) receive any information or material prepared by

the Borrower, the Administrative Agent and/or one or more Lenders or (<u>E</u>) receive

advice of counsel to the Administrative Agent or any other Lender or challenge their

attorney client privilege.Any Disqualified Institution shall not solicit or seek to obtain

any such information or material.If at any time any Disqualified Institution receives or

possesses any such information or material, such Disqualified Institution shall (<u>1</u>) notify

the Borrower as soon as possible that such information or material has become known to

it or came into its possession, (<u>2</u>) immediately return to the Borrower or, at the option of

the Borrower, destroy (and confirm to the Borrower such destruction) such information

or material, together with any notes, analyses, compilations, forecasts, studies or other

documents related thereto which it or its advisors prepared and (<u>3</u>) keep such information

or material confidential and shall not utilize such information or material for any

purpose.Each Lender (whether or not then a party hereto) agrees to notify the Borrower

as soon as possible if it becomes aware that (<u>x</u>) it made an assignment to or has a

participation with a Disqualified Institution or (<u>y</u>) any such Disqualified Institution has

received any such information of materials.

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(vi<u>v</u>)The rights and remedies of the Borrower provided herein are

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cumulative and are not exclusive of any other rights and remedies provided to the

Borrower at law or in equity, and the Borrower shall be entitled to pursue any remedy

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available to it against any Lender that has (or has purported to have) made an assignment

or sold or maintained a participation to or with a Disqualified Institution or against any

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Disqualified Institution.In no event shall the Administrative Agent be (<u>x</u>)obligated to

ascertain,monitororinquireastowhetheranyPersonisaDisqualifiedInstitutionor

(<u>y</u>) have any liability with respect to or arising out of an assignment or participation of

Loans, or disclosure of confidential information, to, or, the restrictions on any exercise of

rights or remedies, of, any Disqualified Institution; *provided* that, unless the Borrower

has consented to an assignment to an applicable Disqualified Institution, this sentence

shall not relieve the Administrative Agent of any liability arising from the bad faith,

gross negligence or willful misconduct of the Administrative Agent (in each case, as

determined by a court of competent jurisdiction in a final and non-appealable judgment).

Notwithstanding the foregoing, the Administrative Agent may, upon request from any

Lender, inform such Lender whether any potential assignee or participant is included on

the list of Disqualified Institutions.

***Section 11.3Costs and Expenses***.

(a)Borrower agrees promptly following demand therefor, to pay or cause to be

paid, or reimburse, or cause to be reimbursed, the Administrative Agent and the Joint Lead

Arrangers for, all of the reasonable internal and external audit, legal, appraisal, valuation, filing,

document duplication and reproduction and investigation expenses and for all other reasonable

out-of-pocket costs and expenses of every type and nature of such Person (including, without

limitation, the reasonable fees, expenses and disbursements of (i) the Administrative Agent's

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counsel, Simpson Thacher& Bartlett LLP, in its capacity as counsel with respect to the

Facilities, and (<u>ii</u>) (<u>A</u>) those local legal counsel, conflicts counsel, auditors, accountants,

appraisers, printers, insurance and environmental advisors, and other consultants and agents

retained by the Administrative Agent prior to the Closing Date, (<u>B</u>) with Borrower's consent

(such consent not to be unreasonably withheld) (<u>1</u>) local counsel in any appropriate jurisdiction

and(<u>2</u>)in the case of an actual or perceived conflict of interest, a single conflicts counsel for

each affected Person and (<u>C</u>) such other local legal counsel (limited to one firm of counsel for the

Administrative Agent, Lenders and Joint Lead Arrangers), auditors, accountants, appraisers,

printers, insurance and environmental advisors, and other consultants and agents as may be

retained by the Administrative Agent after the Closing Date with prior consent of Borrower (but

excluding all Taxes, fees and similar charges)) incurred by the Administrative Agent before, on

orafterthe Closing Date in connection with any ofthe following:(i) the preparation,

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negotiation, execution or interpretation of this Agreement (including, without limitation, the

satisfaction or attempted satisfaction of any condition set forth in *Article III*), any Loan

Document or any proposal letter or commitment letter issued in connection therewith, or the

making of the Loans hereunder, (<u>ii</u>) the creation, perfection or protection of the Liens under any

Loan Document (including any reasonable fees, disbursements and expenses for local counsel in

variousjurisdictions),(<u>iii</u>) theongoingadministrationofthisAgreementandtheLoans,

including consultation with attorneys in connection therewith and with respect to the

Administrative Agent's rights and responsibilities hereunder and under the other Loan

Documents, (<u>iv</u>) the protection, collection or enforcement of any Secured Obligation or the

enforcement of any Loan Document, (<u>v</u>) the commencement, defense or intervention in any court

proceeding relating in any way to the Secured Obligations, any Loan Party, any other Agilon

Entity, this Agreement orany otherLoan Document, (<u>vi</u>) the response to, and preparation for,

any subpoena or request for document production with which the Administrative Agent is served

or deposition or other proceeding in which the Administrative Agent is called to testify, in each

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case, relating in any way to the Secured Obligations, any Loan Party, any Agilon Entity, this

AgreementoranyotherLoanDocumentor(<u>vii</u>) any amendment,consent,waiver,assignment,

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restatement, or supplement to any Loan Document or the preparation, negotiation, and execution

of the same.

(b)Borrower further agrees to pay or reimburse the Administrative Agent and

each of the Joint Lead Arrangers and Issuers upon demand for all out-of-pocket costs and

expenses (including allocated costs of internal counsel and costs of settlement), including,

without limitation, reasonable fees of counsel to the Administrative Agent (limited to one firm of

counsel for the Administrative Agent and, if necessary one firm of local counsel in each

appropriate jurisdiction in each case for the Administrative Agent), incurred by the

Administrative Agent, such Lenders or Issuers, in each case, in connection with any of the

following:(i) in enforcing any Loan Document or Secured Obligation or any security therefor or

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exercisingorenforcinganyotherrightorremedyavailablebyreasonofanEventofDefault,

(<u>ii</u>) in connection with any refinancing or restructuring of the credit arrangements provided

hereunder in the nature of a "*<u>work-out</u>*" or in any insolvency or bankruptcy proceeding, (<u>iii</u>) in

commencing, defending or intervening in any litigation or in filing a petition, complaint, answer,

motionorotherpleadingsinanylegalproceedingrelatingtotheSecuredObligations,anyAgilon

Entity and related to or arising out of the transactions contemplated hereby or by any other Loan

Document or (<u>iv</u>) in taking any other action in or with respect to any suit or proceeding

(bankruptcy or otherwise) described in *clause (i)*, *(ii)* or *(iii)* above.

(c)The agreements in this *Section 11.3* shall survive the termination of this

Agreement and the payment of the Loans and all other amounts payable hereunder.

***Section 11.4Indemnities***.

(a)Borrower agrees to indemnify and hold harmless the Administrative Agent,

the Other Representatives, each Lender and each Issuer and each of their respective Affiliates,

and each of the directors, officers, employees, agents, representatives, trustees, attorneys,

consultants, members and advisors of or to any of the foregoing (each such Person being an

"*<u>Indemnitee</u>*") from and against any and all claims, damages, liabilities, obligations, losses,

penalties, actions, judgments, suits, costs, disbursements and expenses of any kind or nature,

including reasonable and documented fees, disbursements and expenses of financial and legal

advisors to any such Indemnitee that may be imposed on, incurred by or asserted againstany

such Indemnitee in connection with or arising out of or relating to any investigation,litigation or

proceeding, whether or not any such Indemnitee is a party thereto, whether direct, indirect,or

consequentialandwhether based on any federal, state, provincial or local law or other statutory

regulation, securities or commercial law or regulation, or under common law or in equity, or on

contract, tort or otherwise, in any manner relating to or arising out of this Agreement, any other

Loan Document, any Secured Obligation, any Letter of Credit, any agreement among Lenders

and the Administrative Agent entered into in connection with this Agreement or any act, event or

transaction related or attendant to any thereof, or the use or intended use of the proceeds of the

Loans or Letters of Credit, the violation of, noncompliance with or liability under, any

Environmental Law applicable to the operations of Borrower or ofany Restricted Subsidiary or

any of the property of Borrower of any Restricted Subsidiary or in connection with any

investigation of any potential matter covered hereby (regardless of whether such claim, litigation,

investigation or proceeding is brought by Borrower, Borrower's equity holders or creditors, an

Indemnitee or any other Person or entity, and whether any Indemnitee is party thereto)(inthe

caseoffeesanddisbursementsofcounsel, limited to one firm of counsel for all Indemnitees

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and, if necessary, one firm of local counsel in each appropriate jurisdiction, in eachcaseforall

Indemnitees(and,intheeventofanactualorperceivedconflictofinterest

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where the Indemnitee affected by such conflict informs the Borrower of such conflict and

thereafter, after receipt of the Borrower's consent (which shall not be unreasonably withheld),

retains its own counsel, of another firm of counsel in each appropriate jurisdiction for such

affected Indemnitee) (collectively, the "*<u>Indemnified Matters</u>*"); *provided* that Borrower shall not

have any obligation under this *Section 11.4* to an Indemnitee with respect to any Indemnified

Matter relating to Taxes, fees and similar charges or caused by or resulting from (i) the gross

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negligence, bad faith or willful misconduct of that Indemnitee (or any Related Party of such

Indemnitee), as determined by a court of competent jurisdiction in a final non-appealable

judgment, (<u>ii</u>) a material breach of the Loan Documents by such Indemnitee (or any Related

Party of such Indemnitee), as the case may be, as determined by a court of competent jurisdiction

in a final and non-appealable judgment or (<u>iii</u>) claims against such Indemnitee or any Related

Party brought by any other Indemnitee that do not involve any Joint Lead Arranger or the

Administrative Agent in its capacity as such and claims arising out of or in connection with or by

reason of any act or omission of any Loan Party or any of its Affiliates.

(b)Borrower shall indemnify the Administrative Agent, the Lenders and each

Issuer for, and hold the Administrative Agent, the Lenders and each Issuer harmless from and

against, any and all claims for brokerage commissions, fees and other compensation made against

the Administrative Agent, the Lenders and the Issuers for any broker, finder or consultant with

respect to any agreement, arrangement or understanding made by or on behalf of any Loan Party

or any of its Subsidiaries in connection with the transactions contemplated by this Agreement.

(c)Borrower, at the request of any Indemnitee, shall have the obligation to

defend against such investigation, litigation or proceeding and Borrower, in any event, may

participate in the defense thereof with legal counsel of such Borrower's choice.In the event that

such Indemnitee requests Borrower to defend against such investigation, litigation or proceeding,

such Borrower shall promptly do so and such Indemnitee shall have the right to have legal

counsel of its choice participate in such defense.No action taken by legal counsel chosen by

such Indemnitee in defending against any such investigation, litigation or proceeding, shall

vitiate or in any way impair Borrower's obligation and duty hereunder to indemnify and hold

harmless such Indemnitee.

(d)The agreements in this *Section 11.4* shall survive the termination of this

Agreement and the payment of the Loans and all other amounts payable hereunder.

***Section 11.5[Reserved]***.

***Section 11.6Limitation of Liability****.*Borrower agrees that no Indemnitee shall have

any liability (whether direct or indirect, in contract, tort or otherwise) to any Loan Party or any of

their respective Subsidiaries or any of their respective equity holders or creditors for or in

connection with the transactions contemplated hereby and in the other Loan Documents, except

for direct damages (as opposed to special, indirect, consequential or punitive damages (including,

without limitation, any loss of profits, business or anticipated savings)) determined in a final

non-appealable judgment by a court of competent jurisdiction to have resulted from such

Indemnitee's gross negligence or willful misconduct.Each of Holdings and Borrower hereby

waives, releases and agrees (each for itself and on behalf of its Subsidiaries) not to sue upon any

such claim for any special, indirect, consequential or punitive damages, whether or not accrued

and whether or not known or suspected to exist in its favor.

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***Section 11.7RightofSet-off****.*Upontheoccurrenceandduringthecontinuanceof

any Event of Default each Lender and each Affiliate of a Lender is hereby authorized at any time

and from time to time, to the fullest extent permitted by law, to set off and apply any and all

deposits (general or special, time or demand, provisional or final) at any time held and other

indebtedness at anytime owingby such Lender or its Affiliates to or for the credit or the account

of Borrower against any and all of the Secured Obligations now or hereafter existing whether or

not such Lender shall have made any demand under this Agreement or any other Loan Document

and even though such Secured Obligations may be unmatured.Each Lender agrees promptly to

notify such Borrower in writing after any such set-off and application made by such Lender or its

Affiliates; *provided* that the failure to give such notice shall not affect the validityof such set-off

and application.The rights of each Lender under this *Section 11.7* are in addition to the other

rights and remedies (including other rights of set-off) that such Lender may have.

***Section 11.8Sharingof Payments, Etc.***

(a)Except as otherwise provided in any Loan Document or in any other written

agreement among the Lenders and the Administrative Agent, if any Lender shall at any time

obtain any payment of the Loans owing to it, any interest thereon, fees in respect thereof or

amounts due pursuant to *Section 11.4* (other than payments permitted pursuant to *Section 2.8(b)*,

*Section 2.8(c)*, *Section 2.9(c)*, *Section 2.14*, *Section 2.15*, *Section 2.16*, *Section 2.17*, *Section*

*2.20(c)*, *Section 2.23*, *Section 11.1(d)* or *Section 11.4*) or *Section 11.6* or receives any Collateral

in respect thereof (in either case, whether voluntary, involuntary, through the exercise of any

right of set-off or otherwise) in excess of its Ratable Portion of all payments of such Obligations

obtained by all the Lenders of a Borrowing, such Lender (a "*<u>Purchasing Lender</u>*") shall forthwith

purchase from the other Lenders (each, a "*<u>Selling Lender</u>*") participating in such Borrowing such

participations in their Loans or other Obligations as shall be necessary to cause such Purchasing

Lender to share the excess payment ratably with each of them.

(b)If all or any portion of any payment received by a Purchasing Lender is

thereafter recovered fromsuch Purchasing Lender, such purchase fromeach SellingLender shall

be rescinded and such Selling Lender shall repay to the Purchasing Lender the purchase price to

the extent of such recovery together with an amount equal to such Selling Lender's ratable share

(according to the proportion of (i) the amount of such Selling Lender's required repayment in

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relation to (<u>ii</u>) the total amount so recovered fromthe PurchasingLender) of anyinterest or other

amount paid or payable by the purchasing Lender in respect of the total amount so recovered.

(c)Borrower agrees that any Purchasing Lender so purchasing a participation

from a Selling Lender pursuant to this *Section 11.8* may, to the fullest extent permitted bylaw,

exercise all its rights of payment (includingthe right of set-off) with respect to such participation

as fully as if such Lender were the direct creditor of such Borrower in the amount of such

participation.

***Section11.9Notices, Etc.***All notices, demands, requests and other communications

provided for in this Agreement shall be given in writing, or by any telecommunication device

capable of creating a written record (including electronic mail), and addressed to the party to be

notified as follows:

(a)if to any Loan Party:

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agilonhealth<u>management</u>,inc.

Kenny Bellendir

1WorldTradeCenter,Suite2000

Long Beach, CA 90831

Main Telephone: (562) 256-3800

withacopy(whichcopyshallnotconstitutenotice)to:

Debevoise & Plimpton LLP

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919ThirdAvenue<u>66</u><u>Hudson</u><u>Blvd</u><u>East</u>

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New York, New York 10022<u>10001</u>

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Attention:Scott Selinger

Telecopy no.:(212) 909-6191

(b)iftoanyLender,atitsLendingOfficespecifiedoppositeitsnameon

*Schedule II* or on the signature page of any applicable Assignment and Assumption;

(c)iftoanyIssuer,attheaddresssetforthunderitsnameon*ScheduleII*;

and

(d)if to JPMorgan, as Administrative Agent, at its Lending Office specified

opposite its name on *Schedule II*, or at such other address as shall be notified in writing (<u>x</u>) in the

case of Borrower and the Administrative Agent, to the other parties and (<u>y</u>) in the case of all

other parties, to Borrower and the Administrative Agent.All such notices and communications

shall be effective upon personal delivery (if delivered by hand, including any overnight courier

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service), when deposited in the mails (if sent by mail), or when properly transmitted (if sent by a

telecommunications device or through the Internet)<u>as provided in</u> *<u>clause (e)</u>* <u>below with respect</u>

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<u>to notices delivered through Approved Electronic Platforms or Approved Borrower Portals</u>;

*provided* that notices and communications to the Administrative Agent pursuant to *Article II* or *X*

shall not be effective until received by the Administrative Agent.

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(e)Notwithstanding *clause (a)* through *(d)* above (unless the Administrative

Agent requests that the provisions of *clause (a)* through *(d)* above be followed) and any other

provision in this Agreement or any other Loan Document providing for the delivery of any

Approved Electronic Communication by any other means the Loan Parties shall deliver all

Approved ElectronicCommunications to the Administrative Agentby properly transmitting such

Approved Electronic Communications in an electronic/soft mediumin a format acceptable to the

AdministrativeAgenttosheila.lee@db.comandmarykay.coyle@db.comorsuchotherelectronic

mail address (or similar means of electronic delivery) as the Administrative Agent may notify

Borrower.Nothing in this *clause (e)*shall prejudice the right of theAdministrative Agent or any

Lender or Issuer to deliver any Approved Electronic Communication to any Loan Party in any

manner authorized in this Agreement or to request that Borrower effect delivery in such manner.

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<u>(e)</u><u>Notices and other communications to the Borrower, any Loan Party, the</u>

<u>Lenders, the Administrative Agent and the Issuers hereunder may be delivered or furnished by</u>

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<u>using Approved Electronic Platforms or Approved Borrower Portals (as applicable), in each case,</u>

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<u>pursuant to procedures approved by the Administrative Agent;</u> *<u>provided</u>* <u>that the foregoing shall</u>

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<u>not apply to notices pursuant to Article II unless otherwise agreed by the Administrative Agent</u>

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<u>and the applicable Lender.</u><u>The Administrative Agent or the Borrower may, in its discretion,</u>

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<u>agree to accept notices and other communications to it hereunder by electronic communications</u>

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<u>pursuant to procedures approved by it;</u> *<u>provided</u>* <u>that approval of such procedures may be limited</u>

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<u>to particular notices or communications</u>

***Section 11.10No Waiver; Remedies****.*No failure on the part of any party hereto to

exercise, and no delay in exercising, any right hereunder shall operate as a waiver thereof; nor

shall any single or partial exercise of any such right preclude any other or further exercise thereof

or the exercise of any other right.The remedies herein provided are cumulative and not

exclusive of any remedies provided by law.

***Section 11.11[Reserved]***.

***Section11.12GoverningLaw****.*ThisAgreementandanyLetterofCreditandtherights

and obligations of the parties hereto and thereto shall be governed by, and construed and

interpreted in accordance with, the law of the State of New York without giving effect to its

principles or rules of conflict of laws to the extent such principles or rules are not mandatorily

applicable by statute and would require or permit the application of the laws of another

jurisdiction.

***Section 11.13Submissionto Jurisdiction; Service of Process***.

(a)Subject to *clauses (b)* and *(c)*below*,* anylegal action or proceedingwith

respect to this Agreement or anyother Loan Document shall be brought in the courts of the State

of New York sitting in the County of New York (the "*<u>New York Supreme Court</u>*") or of the

District Court for the Southern District of New York (the "*<u>New York Federal Court</u>*," and

together with the New York Supreme Court, the "*<u>New York Courts</u>*"), and appellate courts from

either of them and, by execution and delivery of this Agreement, each party hereto hereby

accepts for itself and in respect of its property, generally and unconditionally, the exclusive

jurisdiction of the New York Courts; *provided* that nothing herein shall be deemed or operate to

preclude (i) the Administrative Agent or Collateral Agent from bringing suit or taking other legal

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action in any other jurisdiction to realize on the Collateral (in which case any party shall be

entitled to assert any claim or defense, including any claim or defense that this *Section 11.13*

would otherwise require to be asserted in a legal action or proceeding in a New York Court), or

to enforce a judgment or other court order in favor of the Administrative Agent or Collateral

Agent, as applicable, (<u>ii</u>) any party from bringing any legal action or proceeding in any

jurisdiction for the recognition and enforcement of any judgment, (<u>iii</u>) if all such New York

Courts decline jurisdiction over any Person or decline (or, in the case of the New York Federal

Court, lack) jurisdiction over any subject matter of such action or proceeding, a legal action or

proceeding may be brought with respect thereto in another court having jurisdiction and (<u>iv</u>) in

the event a legal action or proceeding is brought against any party hereto or involving any of its

assets or property in another court (without any collusive assistance by such party or any of its

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Subsidiaries or Affiliates), such party from asserting a claim or defense (including any claim or

defense that this *Section 11.13(a)* would otherwise require to be asserted in a legal proceeding in

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a New York Court) in any such action or proceeding.The parties hereto hereby irrevocably

waive any objection, including any objection to the laying of venue or based on the grounds of

*forum non conveniens*, that any of them may now or hereafter have to the bringing of any such

action or proceeding in such respective jurisdictions.

(b)Each party hereto hereby irrevocably consents to the service of any and all

legal process, summons, notices and documents in any suit, action or proceeding brought in the

UnitedStatesofAmericaarising outoforinconnectionwiththisAgreementorany other

Loan Document by the mailing (by registered or certified mail, postage prepaid) or delivering of

acopyofsuchprocesstosuchotherpartyatitsrespectiveaddressspecifiedin*Section11.9*.

Eachpartyheretoagreesthatafinaljudgmentinanysuchactionorproceedingshallbe

conclusiveandmaybeenforcedinotherjurisdictionsbysuitonthejudgmentorinanyother

manner provided by law.

(c)Nothing contained in this *Section 11.13* shall affect the right of the

Administrative Agent or any Lender to serve process in any other manner permitted by law or

commencelegalproceedingsorotherwiseproceedagainstHoldings,BorroweroranyotherLoan

Party in any other jurisdiction, in connection with the exercise of any rights under any Collateral

Document or the enforcement of any judgment.

***Section11.14Waiver of Jury Trial****.*EACH PARTY HERETO IRREVOCABLY

WAIVES TRIALBYJURY INANYACTIONORPROCEEDINGWITHRESPECT TOTHIS

AGREEMENT OR ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS

CONTEMPLATED HEREBY OR THEREBY (WHETHER BASED ON CONTRACT, TORT

OR ANY OTHER THEORY).

***Section 11.15Marshaling; Payments Set Aside****.*None of the Administrative Agent,

any Lender or any Issuer shall be under any obligation to marshal any assets in favor of

Holdings, Borrower or any other party or against or in payment of any or all of the Secured

Obligations.To the extent that Borrower makes a payment or payments to the Administrative

Agent, the Lenders or the Issuers or any such Person receives payment from the proceeds of the

Collateral or exercise their rights of setoff, and such payment or payments or the proceeds of

such enforcement or setoff or any part thereof are subsequently invalidated, declared to be

fraudulent or preferential, set aside or required to be repaid to a trustee, receiver or any other

party, then to the extent of such recovery, the obligation or part thereof originally intended to be

satisfied, and all Liens, right and remedies therefor, shall be revived and continued in full force

and effect as if such payment had not been made or such enforcement or setoff had not occurred.

***Section 11.16Section Titles****.*The Section titles contained in this Agreement are and

shall be without substantive meaning or content of any kind whatsoever and are not a part of the

agreement between the parties hereto.

***Section 11.17Effectiveness;ExecutioninCounterparts****.*ThisAgreementshall

become effective when it shall have been executed by Holdings, Borrower and the

Administrative Agent and when the Administrative Agent shall have been notified by each

Lender and Issuer that such Lender or Issuer has executed it.This Agreement and the other Loan

Documents may be executed in any number of counterparts (including by facsimile or other

electronic means (i.e., a "pdf" or "tiff")) and by different parties in separate counterparts, each of

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which when so executed shall be deemed to be an original and all of which taken together shall

constitute one and the same agreement.The effectiveness of any such documents and signatures

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(including electronic signatures) shall, subject to applicable law, have the same force and effect

as manually signed originals and shall be binding on each Loan Party, the Administrative Agent

andeachLender.Signaturepagesmaybedetachedfrommultipleseparatecounterpartsand

attached to a single counterpart so that all signature pages are attached to the same document.

Delivery of an executed counterpart hereof by facsimile or electronic mail shall be effective as

delivery of a manually executed counterpart hereof.

***Section 11.18[Reserved]***.

***Section 11.19[Reserved]***.

***Section 11.20Entire Agreement****.*This Agreement, all of the other Loan Documents

and all certificates and documents delivered hereunder or thereunder, embodies the entire

agreement of the parties and supersedes all prior agreements and understandings relating to the

subject matter hereof.Delivery of an executed signature page of this Agreement by facsimile

transmission shall be as effective as delivery of a manually executed counterpart hereof.A set of

the copies of this Agreement signed by all parties shall be lodged with Borrower and the

Administrative Agent.

***Section 11.21Confidentiality****.*

(a)Neither the Lenders, the Issuers, the Other Representatives nor the

Administrative Agent may disclose to any Person any confidential, proprietary or non-public

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information of <u>Parent or</u> any Agilon Entity either furnished to the Lenders, the Issuers or the

Administrative Agent by any<u>Parent or such</u>Agilon Entity (such information being referred to

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collectively herein as the "*<u>Borrower Information</u>*"), except that each of the Lenders, the Issuers,

theOtherRepresentativesandtheAdministrativeAgentmaydiscloseBorrowerInformation

(i) to its and its Affiliates and their respective employees, officers, directors, agents and advisors

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that are or are expected to be involved in the evaluation of such information in connection with

the transactions contemplated by this Agreement (it being understood that the Persons to whom

such disclosure is made will be informed of the confidential nature of such Borrower Information

and instructed to keep such Borrower Information confidential on substantially the same terms as

providedherein),(<u>ii</u>) totheextentrequestedbybankregulators,auditorsorratingagencies,

(<u>iii</u>) to the extent required by applicable laws or regulations or by any subpoena or similar legal

process, (<u>iv</u>) to any other party to this Agreement, (<u>v</u>) if reasonably necessary in connection with

the exercise of any remedies hereunder or under any other Loan Document or any suit, action or

proceeding relating to this Agreement or any other Loan Document or the enforcement of rights

hereunder or thereunder, (<u>vi</u>) subject to an agreement containing provisions substantially the

same as those of this *Section 11.21*, to any pledgee referred to in *Section 11.2(g)(ii)* or any

assignee of or participant in, or any prospective assignee of or participant in, or any direct or

indirect contractual counterparties (or the professional advisors thereto) to any swap or derivative

transaction relating to any of its rights or obligations under this Agreement (in each case, other

than a Disqualified Institution and any debt fund affiliate of any fund that controls, directly or

indirectly, a competitor of Borrower or any of its Subsidiaries or any Affiliate of such

competitor), (<u>vii</u>) to the extent such Borrower Information (<u>A</u>) is or becomes generally available

to the public on a non-confidential basis other than as a result of a breach of this *Section 11.21*,

by the Administrative Agent, such Joint Lead Arranger or such Lender or such Issuer or such

Other Representative, or (<u>B</u>) is or becomes available to such Agent or such Lender or such Issuer

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![floatingimage_936.jpg](floatingimage_936.jpg)

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on a non-confidential basis from a source other than <u>Parent,</u>an Agilon Entity or another party to

thisAgreementand(<u>viii</u>) withthepriorwrittenconsentofHoldingsorBorrower.No<u>Neither</u>

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<u>Parent</u><u>nor</u><u>any</u>AgilonEntitymaydisclosetoanyPersontheamountortermsofanyfeespayable

toanyoftheAdministrativeAgentoranyLenderoranyIssuer(suchinformationbeing

collectively referred to herein as the "*<u>Facility Information</u>*"), except that <u>Parent or</u> any Agilon

Entity may disclose the Facility Information (i) to CD&R, to its own Affiliates and Affiliates of

CD&R, and to its, CD&R's and its, respective Affiliates' employees, officers, directors, agents

andadvisorswhohaveaneedtoknowtheFacilityInformationinconnectionwiththis

Agreement and the transactions contemplated hereby or (<u>ii</u>) to the extent required by applicable

lawsorregulationsorbyanysubpoenaorsimilarlegalprocess,orifreasonablynecessaryin

connection with the exercise of any remedies hereunder or under any other Loan Document or

anysuit,actionorproceedingrelatingtothisAgreementoranyotherLoanDocumentorthe

enforcementofrightshereunderorthereunder.Notwithstandinganyotherprovisioninthis

Agreement,allpartiesheretoherebyagreethateachparty(andeachoftheirrespective

employees,representativesandagentsandeachoftheofficers,directors,employees,

accountants, attorneys and other advisors of any of them) may disclose to any and all persons,

withoutlimitationofanykind,thetaxtreatmentandtaxstructureoftheFacilitiesandthe

transactions contemplated hereby and all materials of any kind (including opinions and other tax

analyses)thatareprovidedtoanyofthemrelatingtosuchtaxtreatmentandtaxstructure.

NotwithstandinganyotherprovisionofthisAgreement,anyotherLoanDocumentorany

Assignment and Assumption, the provisions of this *Section 11.21* shall survive with respect to

theAdministrativeAgent,eachOtherRepresentativeandeachLenderuntilthesecond

anniversaryofsuchAdministrativeAgent,OtherRepresentativeorLenderceasingtobean

Administrative Agent, Other Representative or a Lender, respectively.

(b)Each Lender acknowledges that any such information referred to in *Section*

*11.21(a)*, and any information (including requests for waivers and amendments) furnished by

Borrower or the Administrative Agent pursuant to or in connection with this Agreement and the

other Loan Documents, may include material non-public information concerning Borrower, the

other Loan Parties and their respective Affiliates or their respective securities.

***Section 11.22Patriot Act Notice****.*Each Lender subject to the Patriot Act hereby

notifies Borrower that, pursuant to Section 326 of the Patriot Act and the CDD Rule, it is

required to obtain, verify and record information that identifies Borrower, including the name

and address of Borrower and other information that will allow such Lender to identify Borrower

in accordance with the Patriot Act and the CDD Rule, and the Borrower agrees to provide such

information from time to time to any Lender.

***Section 11.23No Fiduciary Duty****.*The Administrative Agent and the Joint Lead

Arrangers, each Lender and their affiliates (collectively, solely for purposes of this paragraph,

the "*<u>Financing Parties</u>*"), may have economic interests that conflict with those of Borrower, its

stockholders and/or its affiliates.Borrower agrees that nothing in the Loan Documents or

otherwise will be deemed to create an advisory, fiduciary or agency relationship or fiduciary or

other implied duty between any Financing Party, on the one hand, and Borrower, its stockholders

or affiliates, on the other.Holdings and Borrower each acknowledge and agree that (i) the

transactions contemplated by the Loan Documents (including the exercise of rights and remedies

hereunder and thereunder) are arm's-length commercial transactions between the Financing

Parties, on the one hand, and Borrower, on the other, and (<u>ii</u>) in connection therewith and with

the process leading thereto, (<u>x</u>) no Financing Party has assumed an advisory or fiduciary

responsibility in favor of Borrower, its stockholders or affiliates with respect to the transactions

contemplatedhereby(ortheexerciseofrightsorremedieswithrespectthereto)ortheprocess

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![floatingimage_645.jpg](floatingimage_645.jpg)

![image_8.jpg](image_8.jpg)

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leading thereto (irrespective of whether any Financing Party has advised, is currently advisingor

will advise Borrower, its stockholders or its affiliates on other matters) or anyother obligation to

Borrower except the obligations expressly set forth in the Loan Documents and (<u>y</u>) each

Financing Party is acting solely as principal and not as the agent or fiduciary of Borrower, its

management, stockholders, creditors or any other Person.Each of Holdings and Borrower

acknowledges and agrees that Holdings and Borrower has consulted its own legal and financial

advisors to the extent it deemed appropriate and that it is responsible for making its own

independent judgment with respect to such transactions and the process leading thereto.Each of

Holdings and Borrower agree that it will not claim that any Financing Party has rendered

advisory services of any nature or respect, or owes a fiduciary or similar duty to Holdings or

Borrower, in connection with such transaction or the process leading thereto.

***Section 11.24Electronic Execution of Assignments and Certain Other Documents****.* 

The words "execution," "signed," "signature," and words of like import in any Assignment and

Assumption or in any amendment or other modification hereof (including waivers and consents)

shallbedeemedtoincludeelectronicsignaturesorthekeepingofrecordsinelectronicform,

each of which shall be of the same legal effect, validity or enforceability as a manually executed

signature or the use of a paper-based recordkeepingsystem, as the case maybe, to the extent and

as provided for in any applicable law, including the Federal Electronic Signatures in Global and

NationalCommerceAct,theNewYorkStateElectronicSignaturesandRecordsAct,orany

other similar state laws based on the Uniform Electronic Transactions Act.

***Section 11.25AcknowledgementandConsenttoBail-InofAffectedFinancial***

***Institutions****.*AcknowledgementandConsenttoBail-InofAffectedFinancialInstitutions.

Notwithstanding anything to the contrary herein or in any other Loan Document, Borrower, each

Lender,andtheAdministrativeAgent(eachofBorrower,theLendersandtheAdministrative

Agent,an"*<u>Acknowledging</u><u>Party</u>*")acknowledgesthatanyliabilityofanyLenderthatisan

Affected Financial Institution arising hereunder or under any other Loan Document, to the extent

such liability is unsecured and solely relates to the Loans and not to any other Person, including

any otherparty heretoor any other Loan Document (and not to any other obligations), to such

AcknowledgingParty(allsuchliabilities,otherthananyExcludedLiability,the"*<u>Covered</u>*

*<u>Liabilities</u>*")maybesubjecttotheWrite-DownandConversionPowersoftheapplicable

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 to any Covered

LiabilityarisinghereunderorunderanyotherLoanDocumentwhichmaybepayableto it by any

Lender party hereto that is an Affected Financial Institution; and

(b)theeffectsofanyBail-inActiononanyCoveredLiability,including,if

applicable:

(i)areductioninfullorin partorcancellation ofanysuchCovered

Liability;

(ii)a conversion of all, or a portion of, such Covered 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

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any rights with respect to any such Covered Liability under this Agreement or any other

Loan Document; or

![image_8.jpg](image_8.jpg)

![floatingimage_645.jpg](floatingimage_645.jpg)

(iii)the variation of the terms of such Covered Liabilityin connection

with the exercise of the Write-Down and Conversion Powers of theapplicable

Resolution Authority.

Notwithstanding anything to the contrary herein, nothing contained in this *Section 11.25* shall

modify or otherwise alter the rights or obligations under this Agreement or any other Loan

Document of any Person party hereto (other than an Acknowledging Party to the extent set forth

in this *Section 11.25*) or with respect to any liability that is not a Covered Liability.

***Section 11.26Recognition of U.S. Special Resolution Regime****.*In the event that any

Lender that is a Covered Entitybecomes subject to a proceedingunder a U.S. Special Resolution

Regime, the transfer from such Lender of this Agreement, and any interest and obligation in or

under this Agreement, will be effective to the same extent as the transfer would be effective

under the U.S. Special Resolution Regime if this Agreement, and any such interest and

obligation, were governed by the laws of the United States or a state of the United States.In the

event that any Lender that is a Covered Entity or a BHC Act Affiliate of such Lender becomes

subject to a proceeding under a U.S. Special Resolution Regime, Default Rights under this

Agreement that may be exercised against such Lender are permitted to be exercised to no greater

extent than such Default Rights could be exercised under the U.S. Special Resolution Regime if

this Agreement were governed by the laws of the United States or a state of the United States.

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[Signature<u>Remainder</u><u>of</u>PagesFollow<u>Left</u><u>Intentionally</u><u>Blank</u>]

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INWITNESSWHEREOF, the parties hereto have caused this Agreement to be executed by

their respective officers thereunto duly authorized, as of the date first above written.

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agilon health, inc., as Borrower

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By:

![floatingimage_645.jpg](floatingimage_645.jpg)

Name:

![floatingimage_645.jpg](floatingimage_645.jpg)

Title:

![floatingimage_645.jpg](floatingimage_645.jpg)

AgilonHealthIntermediateHoldings,Inc.,asHoldings

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By:

![floatingimage_645.jpg](floatingimage_645.jpg)

Name:

![floatingimage_645.jpg](floatingimage_645.jpg)

Title:

![floatingimage_645.jpg](floatingimage_645.jpg)

![floatingimage_645.jpg](floatingimage_645.jpg)

[SignaturePage to Credit Agreement]

![image_30.jpg](image_30.jpg)

![image_31.jpg](image_31.jpg)

[SignaturePage to Credit Agreement]1008909760v31

<u>1011863418v1</u><u>3</u>

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JPMorganChaseBank,N.A.,astheAdministrative

Agent, a Joint Lead Arranger, a Lender and an Issuer

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![floatingimage_965.jpg](floatingimage_965.jpg)

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By:

![floatingimage_645.jpg](floatingimage_645.jpg)

Name:

![floatingimage_645.jpg](floatingimage_645.jpg)

Title:

![image_30.jpg](image_30.jpg)

![image_31.jpg](image_31.jpg)

[SignaturePage to Credit Agreement]1008909760v32

<u>1011863418v1</u><u>3</u>

![floatingimage_968.jpg](floatingimage_968.jpg)

BankofAmerica,N.A.,asaJointLeadArranger,a

Lender and an Issuer

![floatingimage_964a.jpg](floatingimage_964a.jpg)

![floatingimage_965.jpg](floatingimage_965.jpg)

![floatingimage_645.jpg](floatingimage_645.jpg)

By:

![floatingimage_968.jpg](floatingimage_968.jpg)

Name:

Title:

![image_30.jpg](image_30.jpg)

![image_31.jpg](image_31.jpg)

[SignaturePage to Credit Agreement]1008909760v33

<u>1011863418v1</u><u>3</u>

![floatingimage_645.jpg](floatingimage_645.jpg)

![floatingimage_645.jpg](floatingimage_645.jpg)

![floatingimage_964a.jpg](floatingimage_964a.jpg)

![image_25.jpg](image_25.jpg)

![floatingimage_645.jpg](floatingimage_645.jpg)

![floatingimage_645.jpg](floatingimage_645.jpg)

Wells Fargo Securities, LLC, as a Joint Lead Arranger

B<br>y:<br>

Nam<br>e:<br>

Titl<br>e:<br>

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![floatingimage_965.jpg](floatingimage_965.jpg)

![floatingimage_968.jpg](floatingimage_968.jpg)

WellsFargoBank,NationalAssociation,asaLender

and an Issuer

![floatingimage_645.jpg](floatingimage_645.jpg)

By:

![floatingimage_968.jpg](floatingimage_968.jpg)

Name:

Title:

![image_30.jpg](image_30.jpg)

![image_31.jpg](image_31.jpg)

[SignaturePage to Credit Agreement]1008909760v34

<u>1011863418v1</u><u>3</u>

![floatingimage_645.jpg](floatingimage_645.jpg)

![floatingimage_645.jpg](floatingimage_645.jpg)

![floatingimage_964a.jpg](floatingimage_964a.jpg)

![image_25.jpg](image_25.jpg)

![floatingimage_645.jpg](floatingimage_645.jpg)

![floatingimage_645.jpg](floatingimage_645.jpg)

Deutsche Bank Securities Inc., as a Joint Lead Arranger

B<br>y:<br>

Nam<br>e:<br>

Titl<br>e:<br>

![floatingimage_645.jpg](floatingimage_645.jpg)

By:

![floatingimage_964a.jpg](floatingimage_964a.jpg)

![floatingimage_964a.jpg](floatingimage_964a.jpg)

![floatingimage_965.jpg](floatingimage_965.jpg)

![floatingimage_964a.jpg](floatingimage_964a.jpg)

![floatingimage_965.jpg](floatingimage_965.jpg)

![floatingimage_965.jpg](floatingimage_965.jpg)

![floatingimage_645.jpg](floatingimage_645.jpg)

Name:

![floatingimage_645.jpg](floatingimage_645.jpg)

Title:

![floatingimage_968.jpg](floatingimage_968.jpg)

Deutsche Bank AG New York Branch, as a Lender and

an Issuer

![floatingimage_645.jpg](floatingimage_645.jpg)

By:

![floatingimage_645.jpg](floatingimage_645.jpg)

Name:

![floatingimage_645.jpg](floatingimage_645.jpg)

Title:

![floatingimage_645.jpg](floatingimage_645.jpg)

By:

![floatingimage_645.jpg](floatingimage_645.jpg)

Name:

![floatingimage_645.jpg](floatingimage_645.jpg)

Title:

![image_30.jpg](image_30.jpg)

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[SignaturePage to Credit Agreement]1008909760v35

<u>1011863418v1</u><u>3</u>

![floatingimage_968.jpg](floatingimage_968.jpg)

NomuraInternationalSecurities,Inc.,asaJointLead

Arranger

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![floatingimage_964a.jpg](floatingimage_964a.jpg)

![floatingimage_965.jpg](floatingimage_965.jpg)

![floatingimage_965.jpg](floatingimage_965.jpg)

![floatingimage_645.jpg](floatingimage_645.jpg)

By:

![floatingimage_645.jpg](floatingimage_645.jpg)

Name:

![floatingimage_645.jpg](floatingimage_645.jpg)

Title:

![floatingimage_968.jpg](floatingimage_968.jpg)

NomuraCorporateFundingAmericas,LLC,asaa

Lender and an Issuer

![floatingimage_645.jpg](floatingimage_645.jpg)

By:

![floatingimage_645.jpg](floatingimage_645.jpg)

Name:

![floatingimage_645.jpg](floatingimage_645.jpg)

Title:

<u>Exhibit</u><u>B</u>

EXHIBITW

to

<u>CREDIT</u><u>AGREEMENT</u>

<u>FORM</u><u>OF</u><u>COMPLIANCE</u><u>CERTIFICATE</u>

This Compliance Certificate is delivered to you pursuant to Section 6.1(c) of the

Credit Agreement, dated as of February 18, 2021 (as amended by the First Amendment to Credit

Agreement, dated as of March 1, 2021, as further amended by the Second Amendment to Credit

Agreement, dated as of May 25, 2023, as further amended by the Third Amendment to Credit

Agreement, dated as of February 12, 2026, and as the same may be further amended, restated,

amended and restated, supplemented or otherwise modified from time to time, the "*<u>Credit</u>*

*<u>Agreement</u>*"), among agilon health management, inc., a Delaware corporation (the "*<u>Borrower</u>*"),

Agilon Health Intermediate Holdings, Inc., a Delaware corporation, the Lenders and other

financial institutions party thereto, the Issuers and JPMorgan Chase Bank, N.A., as

administrative agent for the Lenders and the Issuers.Capitalized terms used herein and not

otherwise defined herein are used herein as defined in the Credit Agreement.

1. Iamthedulyelected,qualifiedandacting[●]<sup>1</sup> of Borrower.

2. I have reviewed and am familiar with the contents of this Compliance Certificate.

I am providing this Compliance Certificate solely in my capacity as an officer of Borrower.The

matters set forth herein are true to my knowledge after reasonable inquiry.

[3.Ihavereviewed theterms oftheCredit Agreement and theotherLoan Documents

and have made or caused to be made under my supervision a review in reasonable detail of the

transactionsandconditionofBorroweranditsSubsidiariesduringtheaccountingperiodcovered

by the financial statements attached hereto as ANNEX 1 (the "*<u>Financial Statements</u>*").Such

review disclosed at the end of the accounting period covered by the Financial Statements, to my

knowledge as of the date of this Compliance Certificate, that [(i) the Financial Statements fairly

present the consolidated financial condition of Borrower and its Subsidiaries as at the dates

indicated therein and the results of their operations and cash flow for the periods indicated

thereininaccordancewithGAAP (subjecttotheabsenceoffootnotedisclosureandnormalyear-

end audit adjustment) and (ii)]<sup>2</sup> no Default or an Event of Default has occurred and is continuing

[,except for , with respect to which the Borrower proposes].

4. Attached hereto as ANNEX 2 are the reasonably detailed calculations of the

LeverageRatio,ineachcase,forthefour(4)FiscalQuartersended[] (the

"*<u>Financial Covenant Period</u>*") demonstrating compliance with the financial covenant contained

in Article V of the Credit Agreement that is tested quarterly.

![floatingimage_999.jpg](floatingimage_999.jpg)

<sup>1</sup>The Certificate may be signed by a Responsible Officer of the Borrower.Responsible Officer means (a) the

chief executive officer or the president or any managing member or general partner and, with respect to

financial matters, the chief financial officer, the treasurer or the controller and (b) any vice president or, with

respecttofinancialmatters,anyassistanttreasurerorassistantcontroller,ineachcasewhohasbeendesignated

in writing to theAdministrativeAgent as a Responsible Officer by such chief executive officer orpresident or,

with respect to financial matters, by such chief financial officer.

<sup>2</sup>TobeincludedonlyinComplianceCertificatesaccompanyingQuarterlyReports.

[5.The following Subsidiaries of Borrower first qualified as Loan Parties during the

Financial Covenant Period: ]

[6.Attached hereto as ANNEX 3 are the reasonably detailed calculations of Excess

Cash Flow for the most recently completed Fiscal Year.]<sup>3</sup>

[7.TheAvailableAmountasoftheendoftheFinancialCovenantPeriodwas

$[].]<sup>4</sup>]<sup>5</sup>

8.[Exceptassetforthbelow,]noDefaultorEventofDefaulthasoccurredoris

continuing.<sup>6</sup>

[9.TotalCashasofthelastdayofthemostrecentlyendedfiscalmonthofthe

Borrower was $[].]<sup>7</sup>

![floatingimage_999.jpg](floatingimage_999.jpg)

<sup>3</sup>To be included only in Compliance Certificates accompanyingAnnual Reports starting with theAnnual Report

to be delivered within 100 days after the end of Fiscal Year 2022 in the event that if the Leverage Ratio as of

the last day of such Fiscal Year was greater than or equal to 2.50:1.00.

<sup>4</sup>TobeincludedonlyiftheAvailableAmountwasappliedduringtheFinancialCovenantPeriod.

<sup>5</sup>TobeincludedonlyinComplianceCertificatesdeliveredpursuanttoSection6.1(c)(A)oftheCredit

Agreement.

<sup>6</sup>Insert description of any Default or Event of Default that is continuing, including the nature thereof and any

action which Borrower proposes to take with respect thereto.

<sup>7</sup>TobeincludedonlyinComplianceCertificatesdeliveredpursuanttoSection6.1(c)(B)oftheCredit

Agreement.

INWITNESSWHEREOF,IhaveexecutedthisComplianceCertificatethisdayof

, 20.

AGILONHEALTHMANAGEMENT,INC.

asBorrower

By:

Name:

Title:

<u>ANNEX</u><u>1</u>

[ApplicableFinancialStatementsToBeAttached]

<u>ANNEX</u>

**LeverageRatio**

![floatingimage_1001.jpg](floatingimage_1001.jpg)

**[<u>Excess</u><u>Cash</u><u>Flow]</u>**

<u>Exhibit</u><u>C</u>

***ExecutionVersion***

**ParentGuaranty**

**ParentGuaranty**(this"*<u>Guaranty</u>*"), dated as of February 12, 2026, by agilon

health, inc., a Delaware corporation (as further defined in the Credit Agreement described below,

"*<u>Parent</u>*"orthe"*<u>Guarantor</u>*"),infavorofJPMorganChaseBank,N.A.,asadministrativeagentfor

the Secured Parties (in such capacity, the "*<u>Administrative Agent</u>*", and together with the other

Secured Parties, each, a "*<u>Guarantied Party</u>*" and, collectively the "*<u>Guarantied Parties</u>*").All

capitalizedtermsusedherein andnot otherwise defined hereinshall havetherespectivemeanings

given to such terms in the Credit Agreement referred to below.

**Wi t n e sse th:**

WHEREAS, pursuant to the Credit Agreement dated as of February 18, 2021

(togetherwithallexhibitsandschedulestheretoandasamendedbytheFirstAmendmenttoCredit

Agreement, dated as of March 1, 2021, as further amended by the Second Amendment to Credit

Agreement, dated as of May 25, 2023, as further amended by the Third Amendment to Credit

Agreement, dated as of the date hereof (the "<u>Third Amendment</u>") and as the same may be further

amended,restated,supplementedorotherwisemodifiedfromtimetotime,the"*<u>Credit</u><u>Agreement</u>*")

among agilon health management, inc., a Delaware corporation (the "*<u>Borrower</u>*"), Agilon Health

IntermediateHoldings,Inc.,asHoldings,theLendersandotherfinancialinstitutionspartythereto,

the Issuers party thereto, and the Administrative Agent, the Lenders and Issuers have severally

agreedtomakeLoansandotherextensionsofcredittotheBorroweruponthetermsandsubjectto

the conditions set forth therein;

WHEREAS,Parentistheultimateshareholderofalloutstandingcapitalstockof

Holdings;

WHEREAS,theGuarantorwillreceivesubstantialdirectandindirectbenefitsfrom

themakingoftheLoans,theissuanceoftheLettersofCreditandthegrantingoftheotherfinancial

accommodations to the Borrower under the Credit Agreement; and

WHEREAS,itisaconditionprecedenttotheeffectivenessoftheThirdAmendment

that Parent shall have executed and delivered this Guaranty to the Administrative Agent for the

benefit of the Guarantied Parties;

NOW,THEREFORE,inconsiderationofthepremisessetforthabove,thetermsand

conditionscontainedherein,andothergoodandvaluableconsideration,thereceiptandsufficiency

of which are hereby acknowledged, the parties hereto hereby agree as follows:

**Section1.<u>Guaranty</u>**.

(a)To induce the Lenders to make the Loans and the Issuers to issue Letters of

Credit, the Guarantor hereby absolutely, unconditionally and irrevocably guarantees, as primary

obligor and not merely as surety, the full and punctual payment when due, whether at stated

maturity or earlier, by reason of acceleration, mandatory prepayment or otherwise in accordance

herewith or any other Loan Document, of all the Obligations (as defined below) owed to the

Guarantied Parties and, in each case to themaximum extent permitted by applicable law, whether

ornotfromtimetotimereducedorextinguishedorhereafterincreasedorincurred,whetherornot

recovery may be or hereafter may become barred by any statute of limitations, and whether

enforceableorunenforceableasagainsttheBorrower,noworhereafterexisting,ordueorto

1012000094v2

1012000094v2

become due, including principal, interest (including interest at the contract rate applicable upon

defaultaccruedoraccruingafterthecommencementofanyproceedingunderTitle11oftheUnited

StatesCode,asamended(the"*<u>Bankruptcy</u><u>Code</u>*")oranysimilarRequirementsofLaw(suchlaws,

together with the Bankruptcy Code, the "*<u>Bankruptcy Laws</u>*"), whether or not such interest is an

allowed claim in such proceeding), fees and costs of collection.This Guaranty constitutes a

guaranty of payment and not of collection.

(b)ForpurposesofthisGuaranty,thefollowingtermsshallhavethefollowing

meanings:

"<u>Borrower</u><u>Obligations</u>"means,withrespecttotheBorrower,theLoans,the

Letter of Credit Obligations and all other amounts, obligations, covenants

anddutiesowingbytheBorrowertotheAdministrativeAgent,anyLender,

anyIssuer,anyAffiliateofanyofthemoranyIndemnitee,ofeverytypeand

description (whether by reason of an extension of credit, opening or

amendment of a letter of credit or payment of any draft drawn thereunder,

loan,guaranty,indemnificationorotherwise),presentorfuture,arisingunder

theCreditAgreementoranyotherLoanDocument,whetherdirectorindirect

(including those acquired by assignment), absolute or contingent, due or to

become due, now existing or hereafter arising and however acquired and

whetherornotevidencedbyanynote,guarantyorotherinstrumentorforthe

paymentofmoney,includingallletterofcredit,cashmanagementandother

fees, interest (including interest which, but for the filing of a petition in

bankruptcy with respect to the Borrower, would have accrued on any

BorrowerObligation,whetherornotaclaimisallowedagainsttheBorrower

for such interest in the related bankruptcy proceeding), charges, expenses,

fees, attorneys' fees and disbursements and other sums chargeable to the

Borrower underthe CreditAgreement or any other Loan Document,andall

obligations of the Borrower under any Loan Document to provide Cash

CollateralforLetterofCreditObligations.WithrespecttotheGuarantor,if

andtotheextent,undertheCommodityExchangeActoranyrule,regulation

or order of the CFTC (or the application or official interpretation of any

thereof), all or a portion of the guarantee of the Guarantor of the obligation

(the "<u>Excluded Borrower Obligation</u>") 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 (or the

analogoustermorsectioninanyamendedorsuccessorstatute)isorbecomes

illegal, the Borrower Obligations guaranteed by the Guarantor shall not

include any such Excluded Borrower Obligation.

"<u>Excluded Borrower Obligation</u>" has the meaning set forth inthe definition

of "Borrower Obligations".

"<u>Excluded Obligation</u>" has the meaning set forth in the definition of

"Obligations".

"<u>Obligations</u>"means,withrespecttothe Guarantor, the collective reference

to (i) the Borrower Obligations of the Borrower, (<u>ii</u>) all obligations and

liabilitiesofanyLoanPartyotherthantheGuarantorthatmayariseunderor

inconnectionwithanyHedgingContractwith(<u>x</u>)anyPersonthateitherwas

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aLenderoranyAffiliateatthetimeitenteredintosuchHedgingContract or

(<u>y</u>) any other Person designated by the Borrower in writing to the

AdministrativeAgentsolongas,withrespecttoanysuchHedgingContract,

theBorrowerhasofferedtotheRevolvingCreditLenders(onaproratabasis

based on the aggregate amount of Revolving Commitments held by each

Revolving Credit Lender) a right to bid on at least two-thirds, in the

aggregate, of the nominal nature of such Hedging Contract, and such other

Person's offered terms and conditions are in good faith determined by the

Borrower to be superior to any offer from such Revolving Credit Lenders

and (<u>iii</u>) any Cash Management Obligations of the Borrower or any

Subsidiarythereof.WithrespecttotheGuarantor,ifandtotheextent,under

the Commodity Exchange Act or any rule, regulation or order of the CFTC

(or the application or official interpretation of any thereof), all or a portion

of the guarantee of the Guarantor of the obligation (together with the

Excluded Borrower Obligation, the "<u>Excluded Obligation</u>") 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(ortheanalogoustermorsectioninanyamendedorsuccessorstatute)is

or becomes illegal, the Guarantor Obligations of the Guarantor shall not

include any such Excluded Obligation.

(c)The Guarantor further agrees that, if any payment made by the Borrower or

any other Person and applied to the Obligations is at any time annulled, avoided, set aside,

rescinded,invalidated,declaredtobefraudulentorpreferentialorotherwiserequiredtoberefunded

or repaid, or the proceeds of Collateral are required to be returned by any Guarantied Party to the

Borrower, its estate, trustee, receiver or any other party, including the Guarantor, under any

Bankruptcy Law, state or federal law, common law or equitable cause, then, to the extent of such

payment or repayment, the Guarantor's liability hereunder shall be and remain in full force and

effect,asfullyasifsuchpaymenthadneverbeenmadeor,ifpriortheretothisGuarantyshallhave

beencancelledorsurrendered,thisGuarantyshall,tothemaximumextentpermittedbyapplicable

law, be reinstated in full force and effect, and such prior cancellation or surrender shall not

diminish,release,discharge,impair or otherwise affectthe obligations of the Guarantor inrespect

of the amount of such payment.

(d)Notwithstanding anything herein or in any other Loan Document to the

contrary, the obligations ofParent underthis Guaranty,includingin respectofitsObligations,are

unsecured.

**Section2.<u>Limitation of Guaranty</u>**.Anything herein or in any other Loan

Documentto the contrary notwithstanding,themaximum liability ofthe Guarantor hereunder and

undertheotherLoanDocumentsshallinnoeventexceedtheamountthatcanbeguaranteedbythe

GuarantorunderanyRequirementof Lawrelatingtofraudulentconveyanceorfraudulenttransfer

(includingsection548oftheBankruptcyCode,theUniformFraudulentConveyanceAct,Uniform

Fraudulent Transfer Act or any similar foreign, federal or state law tothe extent applicable to this

GuarantyandtheObligationsoftheGuarantorhereunder)beforetakingintoaccountanyliabilities

under any other guarantee (other than any other guarantee of the Obligations);.

**Section3.<u>Representations</u><u>and</u><u>Warranties</u>**.TheGuarantorhereby

representsand warrants tothe Lenders,theIssuers andthe Administrative Agent,on and as of the

date hereof, that:

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(a)theexecution,deliveryandperformancebytheGuarantorofthisGuaranty:

(i)arewithintheGuarantor'scorporatepowers;

(ii)have been duly authorized by all necessary action, including the consent of

shareholders where required;

(iii)donotandwillnot(A)contravenetheGuarantor'sConstituentDocuments in

any respect that would reasonably be expected to have a Material Adverse Effect, (B) violate any

other Requirement of Law applicable to the Guarantor (including Regulations T, U and X of the

Federal Reserve Board), or any order or decree of any Governmental Authority or arbitrator

applicable to the Guarantor in any respect that would reasonably be expected to have a Material

Adverse Effect, (C) conflict with or result in the breach of, or constitute a default under, or result

inorpermittheterminationoraccelerationof,anymaterialContractualObligationoftheGuarantor

inanyrespectthatwouldreasonablybeexpectedtohaveaMaterialAdverseEffector(D)resultin

the creation or imposition of any Lien upon any property of the Guarantor; and

(iv)do not require the consent of, authorization by, approval of, notice to, or

filing or registration with, any Governmental Authority or any other Person, other than (A) those

thathavebeenorwillbe,priortothedatehereof,obtainedormade,andeachofwhichonthedate

hereof will be in full force and effect and (B) those the failure of which to obtain could not

reasonably be expected to result in a Material Adverse Effect;

(b)this Guarantyhas been duly executed and delivered by the Guarantor.This

Guaranty is the legal, valid and binding obligation of the Guarantor, enforceable against the

Guarantor in accordance with its terms subject only to applicable laws relating to (i)bankruptcy,

insolvency, reorganization, moratorium or creditors' rights generally and (ii)general equitable

principlesincludingthe discretionthat a court may exercisein the granting of equitable remedies;

and

(c)the representations and warranties set forth in *Sections 4.1* through *4.3*,

*Section4.6*,*Sections4.10*through*4.15*and *Section4.20* oftheCredit Agreement, ineachcase,as

to the Guarantor (as though such representations and warranties applied to the Guarantor, *mutatis*

*mutandis)*, are true and correct in all material respects on and as of the date hereof, except to the

extent such representations and warranties expressly relate to an earlier date, in which case such

representation and warranties shall have been true and correct in all material respects as of such

earlier date.

**Section4.<u>Authorization; Other Agreements</u>**.The Guarantied Parties are

hereby authorized, without notice to or demand upon the Guarantor, which notice or demand is

expressly waived hereby to the maximum extent permitted by applicable law, and without

dischargingor otherwise affectingthe obligationsofthe Guarantor hereunder (whichshall remain

absoluteandunconditionalnotwithstandinganysuchactionoromissiontoact),fromtimetotime,

to do any of the following in accordance with the terms and conditions of the other Loan

Documents:

(a)supplement, renew, extend, accelerate or otherwise change the time for

payment of, or other terms relating to, the Obligations, or any part of them, or otherwise modify,

amend or change the terms of any promissory note or other agreement, document or instrument

(including,withoutlimitation,theotherLoanDocuments)noworhereafterexecutedbythe

1012000094v2

BorroweranddeliveredtotheGuarantiedPartiesoranyofthem,including,withoutlimitation,any

increase or decrease of principal or the rate of interest thereon;

(b)waive or otherwise consent to noncompliance with any provision of any

instrumentevidencingtheObligations,oranypartthereof,oranyotherinstrumentoragreementin

respect of the Obligations (including, without limitation, the other Loan Documents) now or

hereafter executed by the Borrower and delivered to the Guarantied Parties or any of them;

(c)acceptpartialpaymentsonthe Obligations;

(d)receive,takeandholdadditionalsecurityorcollateralforthepaymentofthe

Obligations or any part of them and exchange, enforce, waive, substitute, liquidate, terminate,

abandon, fail to perfect, subordinate, transfer, otherwise alter and release any such additional

security or collateral;

(e)settle,release,compromise,collectorotherwiseliquidatetheObligationsor

accept, substitute, release, exchange or otherwise alter, affect or impair any security or collateral

for the Obligations or any part of them or any other guaranty therefor, in any manner;

(f)add, release or substitute any one or more other guarantors, makers or

endorsersoftheObligationsoranypartofthemandotherwisedealwiththeBorroweroranyother

guarantor, maker or endorser;

(g)apply to the Obligations any and all payments or recoveries from the

Borrower, from any other guarantor, maker or endorser of the Obligations or any part of them or

from the Guarantor to the Obligations in such order as provided herein whether such Obligations

are secured or unsecured or guaranteed or not guaranteed by others;

(h)apply any and all payments or recoveries from the Guarantor of the

Obligations or sums realized from security furnished by the Guarantor upon its indebtedness or

obligations to the Guarantied Parties, or any of them, whether or not such indebtedness or

obligations relate to the Obligations; and

(i)refundatanytimeanypaymentreceivedbyanyGuarantiedPartyinrespect

of any of the Obligations, and payment to such Guarantied Party of the amount so refunded shall

be fully guaranteed hereby even though prior thereto this Guaranty shall have been cancelled or

surrendered,andsuchpriorcancellationorsurrendershallnotdiminish,release,discharge,impair

orotherwiseaffecttheobligationsoftheGuarantorhereunderinrespectoftheamountsorefunded;

even if any right of reimbursement or subrogation or other right or remedy of the Guarantor is

extinguished, affected or impaired by any of the foregoing (including, without limitation, any

election of remedies by reason of any judicial, non-judicial or other proceeding in respect of the

Obligations which impairs any subrogation, reimbursement or other right of the Guarantor).

**Section5.<u>Guaranty Absolute and Unconditional</u>**.(a)The Guarantor

herebywaivesanydefenseofasuretyorguarantororanyotherobligoronanyobligationsarising

inconnectionwithorinrespectofanyofthefollowingandherebyagrees,tothemaximumextent

permittedbyapplicablelaw,thatitsobligationsunderthisGuarantyareabsoluteandunconditional

and shall not be discharged or otherwise affected as a result of:

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(i)the invalidity or unenforceability of any of the Obligations or any agreement

or instrument relating thereto, or any security for, or other guarantyof the Obligations or any part

of them, or the lack of perfection or continuing perfection or failure of priority of any security for

the Obligations or any part of them;

(ii)the absence of any attempt to collect the Obligations or any part of them from

the Borrower or other action to enforce the same;

(iii)[reserved];

(iv)any Guarantied Party's election, in any proceeding instituted under chapter

11 of the Bankruptcy Code, of the application of Section1111(b)(2) of the Bankruptcy Code or

any comparable provisions of other Bankruptcy Laws;

(v)anyborrowingorgrantofaLienbytheBorrower,asdebtor-in-possession, or

extensionofcredit,underSection364oftheBankruptcyCodeoranycomparableprovisionsof

other Bankruptcy Laws;

(vi)the disallowance, under Section502 of the Bankruptcy Code or any

comparable provisions of other Bankruptcy Laws, of all or any portion of any Guarantied Party's

claim (or claims) for repayment of the Obligations ;

(vii)any use of cash collateral under Section 363 of theBankruptcy Code

or any comparable provisions of other Bankruptcy Laws;

(viii)any agreement or stipulation asto the provision ofadequate

protection in any bankruptcy proceeding;

(ix)[reserved];

(x)anybankruptcy,insolvency,reorganization,arrangement,readjustmentof

debt, liquidation or dissolution proceeding commenced by or against Holdings, the Borrower, the

GuarantororanyoftheBorrower'sSubsidiaries,includingwithoutlimitation,anydischargeof,or

barorstayagainstcollecting,alloranyoftheObligations(oranypartofthemorinterestthereon)

in or as a result of any such proceeding;

(xi)failure by any Guarantied Party to file or enforce a claim against the

Borrower or its estate in any bankruptcy or insolvency case or proceeding;

(xii)anyactiontakenbyanyGuarantiedPartyifsuchactionisauthorized

hereby;

(xiii)any election following the occurrence of an Event of Default by any

GuarantiedPartytoproceedseparatelyagainstthepersonalpropertyCollateralinaccordancewith

such Guarantied Party'srights underthe UCC(orother applicablelegislation) or,ifthe Collateral

consists of both personal and real property, to proceed against such personal and real property in

accordance with such Guarantied Party's rights with respect to such personal and real property,

respectively;

1012000094v2

(xiv)any change in the corporateexistence or structure of the Borrower or

any other Loan Party (other than as permitted in the Credit Agreement);

(xv)any defense, set-off or counterclaim (other than a defense of payment

or performance infull) whichmay at anytime be available to orbe assertedby the Guarantor or

any other Person against any Guarantied Party;

(xvi)anyRequirementofLawaffectinganytermoftheGuarantor's

obligations under this Guaranty; or

(xvii)anyothercircumstancethatmightotherwiseconstitutealegalor

equitable dischargeordefenseofasuretyorguarantororanyotherobligoronanyobligations,

otherthanthe payment in full of the Obligations or cash collateralization thereof in accordance

with the Credit Agreement.

(b)TheGuarantorshallautomaticallybereleasedfromitsobligationshereunder

and the Guaranty of the Guarantor shall be automatically released pursuant to, and under the

circumstances described in, Section 10.8(c) of the Credit Agreement.

**Section6.<u>Waivers</u>**.TheGuarantorherebywaives,totheextentnotprohibited

byRequirementofLaw,diligence,promptness,presentment,demandforpaymentorperformance

and protest and notice of protest, notice of acceptance and any other notice in respect of the

Obligationsoranypartofthem,andanydefensearisingbyreasonofanydisabilityorotherdefense

oftheBorrower.TheGuarantorshallnot,untiltheObligationsareindefeasiblypaidinfullincash

or cash collateralized in full in accordance with the Credit Agreement and the Commitmentshave

been terminated, assertany claim or counterclaim it may have against the Borrower or set off any

ofitsobligationstotheBorroweragainstanyobligationsoftheBorrowertoit.Inconnectionwith

theforegoing,theGuarantorcovenantsthatitsobligationshereundershallnotbedischarged,except

bypaymentinfullincashoftheObligationsorcashcollateralizationinfullthereofinaccordance

with the Credit Agreement.

**Section7.<u>Reliance</u>**. TheGuarantorherebyassumesresponsibilityforkeeping

itself informed of the financial condition of the Borrower and any and all endorsers and/or other

guarantorsofalloranypartoftheObligations,andofallothercircumstancesbearingupontherisk

of nonpayment of the Obligations, or any part thereof, that diligent inquiry would reveal, and the

Guarantor hereby agrees that no Guarantied Party shall have any duty to advise the Guarantor of

information known to it regarding such condition or any such circumstances.In the event any

GuarantiedParty,initssolediscretion,undertakesatanytimeorfromtimetotimetoprovideany

such information to the Guarantor, such Guarantied Party shall be under no obligation (i)to

undertakeanyinvestigationnotapartofitsregularbusinessroutine,(ii)todiscloseanyinformation

which such Guarantied Party, pursuant to accepted or reasonable commercial finance or banking

practices, wishes to maintain confidential or (iii) to make any other or future disclosures of such

information or any other information to the Guarantor.

**Section8.<u>Waiver of Subrogation and Contribution Rights</u>**.Until the

Obligations have been indefeasibly paid in full in cash or cash collateralized in full in accordance

with the Credit Agreement and the Commitments have been terminated, the Guarantor shall not

enforce or otherwise exercise any right or remedy by reason of any performance by it of its

Guaranty, including any right of subrogation to any of the rights of the Guarantied Parties or any

part of them against the Borrower or any right of reimbursement or contribution or similar right

1012000094v2

againsttheBorrowerbyreasonofthisGuarantyorbyanypaymentmadebytheGuarantorin

respect of the Obligations.

**Section9.<u>Subordination</u>**.The Guarantor hereby agrees that during the

continuation ofanEvent ofDefaultspecifiedin Section 9.1(a),(b)or(f)oftheCredit Agreement,

any Indebtedness of the Borrower now or hereafter owing to the Guarantor, whether heretofore,

now or hereafter created (the "*<u>Guarantor Subordinated Debt</u>*"), is hereby subordinated to the

payment of all of the Obligations, andthat,except as permitted pursuant tothe Credit Agreement,

the Guarantor Subordinated Debt shall not be paid in whole or in part until the Obligations have

been indefeasibly paid in full in cash and this Guaranty is terminated and of no further force or

effect.TheGuarantorshallnotacceptanypaymentoforonaccountofanyGuarantorSubordinated

Debtatanytimeincontraventionoftheforegoing.DuringthecontinuanceofanEventofDefault

specified in Section 9.1(a), (b) or (f) of the Credit Agreement, Holdings shall procure that the

Borrower shall, upon demand, pay to the Administrative Agent any payment of allor any part of

theGuarantorSubordinatedDebtthatitwouldotherwisemakeundersuchGuarantorSubordinated

Debt and any amount so paid to the Administrative Agent shall be applied to payment of the

Obligations as provided in Section2.13(f) of the Credit Agreement.Each payment on the

GuarantorSubordinatedDebtreceivedinviolationofanyoftheprovisionshereofshallbedeemed

tohavebeenreceivedbytheGuarantorastrusteefortheGuarantiedPartiesandshallbepaidover

to the Administrative Agent immediately on account of the Obligations, but without otherwise

affecting in any manner the Guarantor's liability hereof.The Guarantor agrees to file all claims

againsttheBorrowerinanybankruptcyorotherproceedinginwhichthefilingofclaimsisrequired

by Requirement of Law in respect of any Guarantor Subordinated Debt, and the Administrative

Agent shall be entitled to all oftheGuarantor's rightsthereunder.If forany reason the Guarantor

fails to file such claim at least ten Business Days prior to the last date on which such claim is

permitted to be filed, the Guarantor hereby irrevocably appoints the Administrative Agent as its

trueandlawfulattorney-in-factandisherebyauthorizedtoactasattorney-in-factintheGuarantor's

name to file such claim or, in the Administrative Agent'sdiscretion, to assign such claim to and

causeproofofclaimtobefiledinthenameoftheAdministrativeAgentoritsnominee.Inallsuch

cases,whetherinadministration,bankruptcyorotherwise,thepersonorpersonsauthorizedtopay

such claim shall pay to the Administrative Agent the full amount payable on the claim in the

proceeding, and, to the full extent necessary for that purpose, the Guarantor hereby assigns to the

Administrative Agent all of the Guarantor's rights to any payments or distributions to which the

Guarantor otherwise would be entitled.If the amount so paid is greater than the Guarantor's

liability hereunder, the Administrative Agent shall pay the excess amount to the party entitled

thereto.In addition, the Guarantor hereby irrevocably appoints the Administrative Agent as its

attorney in fact to exercise all of the Guarantor's voting rights with respect to the Guarantor's

Guarantor Subordinated Debt in connection with any bankruptcy proceeding or any plan for

reorganization of the Borrower.

**Section10.<u>Default;</u><u>Remedies</u>**. TheobligationsoftheGuarantorhereunderare

independentofandseparatefromtheObligations.Upontheoccurrenceandduringthecontinuance

of an Event of Default, the Administrative Agent may, at its sole election, proceed directly and at

once,withoutnotice,againsttheGuarantortocollectandrecoverthefullamountoranyportionof

the Obligations then due, without first proceeding against the Borrower or any other guarantor of

the Obligations, or against any Collateral under the Loan Documents or joining the Borrower or

any other guarantor in any proceeding against the Guarantor.

**Section 11.<u>Irrevocability</u>**.SubjecttothereleaseoftheGuarantyofthe

Guarantorpursuantto*Section5(b)*,thisGuarantyshall,tothemaximumextentpermittedby

1012000094v2

applicablelaw,beirrevocableastoanyandalloftheObligationsuntiltheCommitmentshavebeen

terminated and all monetary Obligations then outstanding have been indefeasibly repaid in full in

cash or cash collateralized in full in accordance with the Credit Agreement, at which time this

Guaranty shall automatically be cancelled.Upon such cancellation or release pursuant to *Section*

*5(b)* and at the written request of the Guarantor or its successors or assigns, and at the cost and

expense of the Guarantor or its successors or assigns, the Administrative Agent shall execute

(withoutrecourse,representationorwarrantyofanykind)inatimelymannerasatisfactionofthis

Guarantyandsuchinstruments,documentsoragreementsasarenecessaryordesirabletoevidence

(a)in the case of such cancellation, the termination of this Guaranty and (b) in the case of the

circumstancesdescribedin*Section5(b)*,thereleaseofthisGuarantywithrespecttotheGuarantor.

**Section12.<u>Setoff</u>**.Upon the occurrence and during the continuance of any

Event of Default, each Guarantied Party and each Affiliate of a Guarantied Party is hereby

authorized at any time andfrom time to time, to the fullest extent permitted by law, to set off and

applyalldeposits(generalorspecial,timeordemand,provisionalorfinal)(otherthanagainstany

Government AccountsReceivable(asdefinedinthe PledgeandSecurityAgreement)(priortothe

assignment of such Government Account Receivable established by or pursuant to the order of a

courtofcompetentjurisdiction))atanytimeheldorotherindebtednessowingbysuchGuarantied

Party or its Affiliates to or for the credit or the account of the Guarantor against any and all of the

Obligations now or hereafter existing whether or not such Guarantied Party shall have made any

demand underthisGuaranty,the CreditAgreementorany other LoanDocumentandeventhough

such Obligations may be unmatured.

**Section13.<u>No Marshalling</u>**.The Guarantor consents and agrees that no

Guarantied Party or Person acting for or on behalf of any Guarantied Party shall be under any

obligationtomarshalanyassetsinfavoroftheGuarantororagainstorinpaymentofanyorallof

the Obligations.

**Section14.<u>Enforcement;</u><u>Amendments;</u><u>Waivers</u>**.Nodelayonthepartofany

Guarantied Party in the exercise of any right or remedy arising under this Guaranty, the Credit

Agreement, any of the other Loan Documents or otherwise with respect to all or any part of the

Obligations,theCollateraloranyotherguarantyoforsecurityforalloranypartoftheObligations

shall operate as a waiver thereof, and no single or partial exercise byany such Person of anysuch

right or remedy shall preclude any further exercise thereof.No modification or waiver of any of

theprovisionsofthisGuarantyshallbebindinguponanyGuarantiedParty,exceptasexpresslyset

forth in a writing duly signed and delivered by the Administrative Agent (with the consent or the

instruction of the party or parties necessary to make such modification or give such waiver under

the Credit Agreement).Failure by any Guarantied Party at any time or times hereafter to require

strict performance by the Borrower, the Guarantor, any other guarantor of all or any part of the

ObligationsoranyotherPersonofanyoftheprovisions,warranties,termsandconditionscontained

inanyoftheLoanDocumentsnoworatanytimeortimeshereafterexecutedbysuchPersonsand

delivered to any Guarantied Party shall not waive, affect or diminish any right of any Guarantied

Party at any time or times hereafter to demand strict performance thereof and such right shall not

bedeemedtohavebeenwaivedbyanyactorknowledgeofanyGuarantiedParty,oritsrespective

agents,officersoremployees,unlesssuchwaiveriscontainedinaninstrumentinwriting,directed

anddeliveredtotheBorrowerortheGuarantor,asapplicable,specifyingsuchwaiver,andissigned

by the party or parties necessary to give such waiver.No waiver of any Event of Default by any

Guarantied Party shall operate as a waiver of any other Event of Default or the same Event of

Default on a future occasion, and no action by any Guarantied Party permitted hereunder shall in

anywayaffectorimpairanyGuarantiedParty'srightsandremediesortheobligationsofthe

1012000094v2

Guarantor under this Guaranty.Any determination by a court of competent jurisdiction of the

amountofanyprincipal,interestand/orotheramountowingbytheBorrowertoaGuarantiedParty

shallbeconclusiveandbindingontheGuarantorirrespectiveofwhethertheGuarantorwasaparty

to the suit or action in which such determination was made.

**Section15.<u>Successors and Assigns</u>**.This Guaranty shall be binding upon the

Guarantor and upon the successors and assigns of the Guarantor and shall inure to the benefit of

the Guarantied Parties and their respective successors and assigns; *provided,* that the Guarantor

maynotassign,transferordelegateanyofitsrightsorobligationsunderthisGuarantywithoutthe

prior written consent of the Administrative Agent (with the consent or the instruction of the party

or parties necessary to make such modification or give such waiver under the Credit Agreement)

(andanyattemptedassignmentwithoutsuchconsentshallbenullandvoid).Allreferencesherein

to the Borrower and to the Guarantor shall be deemed to include their respective successors and

assigns.The successors and assigns of the Guarantor and the Borrower shall include, without

limitation, their respective receivers, trustees and debtors-in-possession.All references to the

singular shall be deemed to include the plural where the context so requires.

**Section16.<u>Governing Law</u>**.This Guaranty and the rights and obligations of

the parties hereto shall be governed by, and construed and interpreted in accordance with, the law

of the State of New York without giving effect to its principles or rules of conflict of laws to the

extentsuchprinciplesorrulesarenotmandatorilyapplicablebystatuteandwouldrequireorpermit

the application of the laws of another jurisdiction.

**Section17.<u>Submission</u><u>to</u><u>Jurisdiction;</u><u>Service</u><u>of</u><u>Process</u>**.

(a)Any legal actionorproceedingwithrespecttothis Guaranty,andanyofthe

other Loan Documents to which the Guarantor is party, shall be brought in the New York Courts,

and, by execution and delivery of this Guaranty, each party hereto hereby accepts for itself and in

respect of its property, generally and unconditionally, the exclusive jurisdiction of the New York

Courts and any appellate courts; *provided* that nothing herein shall be deemed or operate to

preclude, if all such New York Courts decline jurisdiction over such Person, or decline (or, in the

case of the New York Federal Courts, lack) jurisdiction over any subject matter of such action or

proceeding,alegalactionorproceedingthatisbroughtwithrespecttheretoinanothercourthaving

jurisdiction.Thepartiesheretoherebyirrevocablywaiveanyobjection,includinganyobjectionto

thelayingofvenueorbasedonthegroundsof*forumnonconveniens*,whichanyofthemmaynow

or hereafter haveto the bringing of anysuchaction orproceeding insuchrespective jurisdictions.

(b)The Guarantor hereby irrevocably designates, appoints and empowers the

Borrower in the case of any suit, action or proceeding brought in the United States of America as

its designee, appointee and agent to receive, accept and acknowledge for and on its behalf, and in

respect of its property, service of any and all legal process, summons, notices and documents that

may be served in any action or proceeding brought in the United States of America arising out of

or in connection with this Guaranty or any of the other Loan Documents.Such service may be

made by mailing (by registered or certified mail, postage prepaid) or delivering a copy of such

processtotheGuarantorincareoftheBorrowerattheBorrower'saddressspecifiedinSection11.9

of the Credit Agreement or at such other address as the Borrower may specify pursuant to

Section11.9oftheCreditAgreement,andtheGuarantorherebyirrevocablyauthorizesanddirects

the Borrower to accept such service on its behalf.The Guarantor 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 Requirement of Law.

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(c)Nothing contained in this *Section17* shall affect the right of the

AdministrativeAgentoranyotherGuarantiedPartytoserveprocessinanyothermannerpermitted

byRequirementofLaworcommencelegalproceedingsorotherwiseproceedagainsttheGuarantor

in any other jurisdiction.

**Section18.<u>Certain</u><u>Terms</u>**.Thefollowingrulesofinterpretationshallapplyto

this Guaranty: (a)the terms "*herein*," "*hereof*," "*hereto*" and "*hereunder*" and similar terms refer

to this Guaranty as a whole and not to any particular Article, Section, subsection or clause in this

Guaranty, (b)unless otherwise indicated, references herein to an Exhibit, Article, Section,

subsectionorclausereferto the appropriateExhibitto, or Article, Section,subsectionorclausein

thisGuarantyand(c)theterm"*including*"means"*includingwithoutlimitation*"exceptwhenused

in the computation of time periods.

**Section19.<u>Waiver of Jury Trial</u>**.EACH OF THE ADMINISTRATIVE

AGENT, THE OTHER GUARANTIED PARTIES AND THE GUARANTOR IRREVOCABLY

WAIVES TRIAL BY JURY IN ANY ACTION OR PROCEEDING WITH RESPECT TO THIS

GUARANTY AND ANY OF THE OTHER LOAN DOCUMENTS OR THE TRANSACTIONS

CONTEMPLATED HEREBY OR THEREBY (WHETHER BASED ON CONTRACT, TORT

OR ANY OTHER THEORY).

**Section20.<u>Notices</u>**.Any notice or other communication herein required or

permittedshallbegivenasprovidedinSection11.9oftheCreditAgreementand,inthecaseofthe

Guarantor, to the Guarantor in care of the Borrower.

**Section21.<u>Severability</u>**.Wherever possible, each provision of this Guaranty

shall be interpreted in such manner as to be effective and valid under Requirement of Law, but if

any provision of this Guaranty shall be prohibited by or invalid under such law, such provision

shallbeineffectivetotheextentofsuchprohibitionorinvaliditywithoutinvalidatingtheremainder

of such provision or the remaining provisions of this Guaranty.

**Section22.<u>Waiver</u>**.The Guarantor hereby irrevocably and unconditionally

waives, to the maximum extent not prohibited by law, any right it may have to claim or recover

any special, exemplary, punitive or consequential damage in any legal action or proceeding in

respect of this Guaranty or any of the other Loan Documents.

**Section23.<u>Execution</u><u>in</u><u>Counterparts</u>**.ThisGuarantymaybeexecutedinany

number of counterparts (including by facsimile or other electronic transmissions (i.e., a "pdf" or

"tif")) and by different parties in separate counterparts, each of which when so executed shall be

deemed to be an original and all of which taken together shall constitute one and the same

agreement.Signature pages maybe detached from multiple separate counterparts andattachedto

a single counterpart so that all signature pages are attached tothe same document.Delivery of an

executed counterpart hereof by telecopy shall be effective as delivery of a manually executed

counterpart hereof.

**Section24.<u>Entire Agreement</u>**.This Guaranty, taken together with all of the

other Loan Documents executed and delivered by the Guarantor, represents the entire agreement

and understanding of the parties hereto and supersedes all prior understandings, written and oral,

relating to the subject matter hereof.

[THEREMAINDEROFTHISPAGEISINTENTIONALLYLEFTBLANK.]

**InWitnessWhereof**,thisGuarantyhasbeendulyexecutedonthedatefirstset

forthabove.

AgilonHealth,Inc.

By:

Name:

Title:

[SignaturePagetoParent Guaranty]

1012000094v2

![floatingimage_1002.jpg](floatingimage_1002.jpg)

AcknowledgedAndAgreed

asofthedate firstabove written:

JPMORGANCHASEBANK,N.A.,

asAdministrativeAgent

By:

Name:

Title:

[SignaturePagetoParent Guaranty]

1012000094v2

## Exhibit 10.2

***Execution Version***

**Parent Guaranty**

**Parent Guaranty** (this "*<u>Guaranty</u>*"), dated as of February 12, 2026, by agilon health, inc., a Delaware corporation (as further defined in the Credit Agreement described below, "*<u>Parent</u>*" or the "*<u>Guarantor</u>*"), in favor of JPMorgan Chase Bank, N.A., as administrative agent for the Secured Parties (in such capacity, the "*<u>Administrative Agent</u>*", and together with the other Secured Parties, each, a "*<u>Guarantied Party</u>*" and, collectively the "*<u>Guarantied Parties</u>*"). All capitalized terms used herein and not otherwise defined herein shall have the respective meanings given to such terms in the Credit Agreement referred to below.

**W i t n e s s e t h:**

Whereas, pursuant to the Credit Agreement dated as of February 18, 2021 (together with all exhibits and schedules thereto and as amended by the First Amendment to Credit Agreement, dated as of March 1, 2021, as further amended by the Second Amendment to Credit Agreement, dated as of May 25, 2023, as further amended by the Third Amendment to Credit Agreement, dated as of the date hereof (the "<u>Third Amendment</u>") and as the same may be further amended, restated, supplemented or otherwise modified from time to time, the "*<u>Credit Agreement</u>*") among agilon health management, inc., a Delaware corporation (the "*<u>Borrower</u>*"), Agilon Health Intermediate Holdings, Inc., as Holdings, the Lenders and other financial institutions party thereto, the Issuers party thereto, and the Administrative Agent, the Lenders and Issuers have severally agreed to make Loans and other extensions of credit to the Borrower upon the terms and subject to the conditions set forth therein;

Whereas, Parent is the ultimate shareholder of all outstanding capital stock of Holdings;

Whereas, the Guarantor will receive substantial direct and indirect benefits from the making of the Loans, the issuance of the Letters of Credit and the granting of the other financial accommodations to the Borrower under the Credit Agreement; and

Whereas, it is a condition precedent to the effectiveness of the Third Amendment that Parent shall have executed and delivered this Guaranty to the Administrative Agent for the benefit of the Guarantied Parties;

Now, Therefore, in consideration of the premises set forth above, the terms and conditions contained herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows:

**Section 1.<u>Guaranty</u>**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)To induce the Lenders to make the Loans and the Issuers to issue Letters of Credit, the Guarantor hereby absolutely, unconditionally and irrevocably guarantees, as primary obligor and not merely as surety, the full and punctual payment when due, whether at stated maturity or earlier, by reason of acceleration, mandatory prepayment or otherwise in accordance herewith or any other Loan Document, of all the Obligations (as defined below) owed to the Guarantied Parties and, in each case to the maximum extent permitted by applicable law, whether or not from time to time reduced or extinguished or hereafter increased or incurred, whether or not recovery may be or hereafter may become barred by any statute of limitations, and whether enforceable or unenforceable as against the Borrower, now or hereafter existing, or due or to become due, including principal, interest (including interest at the contract rate applicable

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upon default accrued or accruing after the commencement of any proceeding under Title 11 of the United States Code, as amended (the "*<u>Bankruptcy Code</u>*") or any similar Requirements of Law (such laws, together with the Bankruptcy Code, the "*<u>Bankruptcy Laws</u>*"), whether or not such interest is an allowed claim in such proceeding), fees and costs of collection. This Guaranty constitutes a guaranty of payment and not of collection.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)For purposes of this Guaranty, the following terms shall have the following meanings:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)"<u>Borrower Obligations</u>" means, with respect to the Borrower, the Loans, the Letter of Credit Obligations and all other amounts, obligations, covenants and duties owing by the Borrower to the Administrative Agent, any Lender, any Issuer, any Affiliate of any of them or any Indemnitee, of every type and description (whether by reason of an extension of credit, opening or amendment of a letter of credit or payment of any draft drawn thereunder, loan, guaranty, indemnification or otherwise), present or future, arising under the Credit Agreement or any other Loan Document, whether direct or indirect (including those acquired by assignment), absolute or contingent, due or to become due, now existing or hereafter arising and however acquired and whether or not evidenced by any note, guaranty or other instrument or for the payment of money, including all letter of credit, cash management and other fees, interest (including interest which, but for the filing of a petition in bankruptcy with respect to the Borrower, would have accrued on any Borrower Obligation, whether or not a claim is allowed against the Borrower for such interest in the related bankruptcy proceeding), charges, expenses, fees, attorneys' fees and disbursements and other sums chargeable to the Borrower under the Credit Agreement or any other Loan Document, and all obligations of the Borrower under any Loan Document to provide Cash Collateral for Letter of Credit Obligations. With respect to the Guarantor, if and to the extent, under the Commodity Exchange Act or any rule, regulation or order of the CFTC (or the application or official interpretation of any thereof), all or a portion of the guarantee of the Guarantor of the obligation (the "<u>Excluded Borrower Obligation</u>") 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 (or the analogous term or section in any amended or successor statute) is or becomes illegal, the Borrower Obligations guaranteed by the Guarantor shall not include any such Excluded Borrower Obligation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)"<u>Excluded Borrower Obligation</u>" has the meaning set forth in the definition of "Borrower Obligations".

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)"<u>Excluded Obligation</u>" has the meaning set forth in the definition of "Obligations".

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)"<u>Obligations</u>" means, with respect to the Guarantor, the collective reference to (i) the Borrower Obligations of the Borrower, (<u>ii</u>) all obligations and liabilities of any Loan Party other than the Guarantor that may arise under or in connection with any Hedging Contract with (<u>x</u>) any

&nbsp;&nbsp;&nbsp;&nbsp;2

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Person that either was a Lender or any Affiliate at the time it entered into such Hedging Contract or (<u>y</u>) any other Person designated by the Borrower in writing to the Administrative Agent so long as, with respect to any such Hedging Contract, the Borrower has offered to the Revolving Credit Lenders (on a pro rata basis based on the aggregate amount of Revolving Commitments held by each Revolving Credit Lender) a right to bid on at least two-thirds, in the aggregate, of the nominal nature of such Hedging Contract, and such other Person's offered terms and conditions are in good faith determined by the Borrower to be superior to any offer from such Revolving Credit Lenders and (<u>iii</u>) any Cash Management Obligations of the Borrower or any Subsidiary thereof. With respect to the Guarantor, if and to the extent, under the Commodity Exchange Act or any rule, regulation or order of the CFTC (or the application or official interpretation of any thereof), all or a portion of the guarantee of the Guarantor of the obligation (together with the Excluded Borrower Obligation, the "<u>Excluded Obligation</u>") 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 (or the analogous term or section in any amended or successor statute) is or becomes illegal, the Guarantor Obligations of the Guarantor shall not include any such Excluded Obligation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)The Guarantor further agrees that, if any payment made by the Borrower or any other Person and applied to the Obligations is at any time annulled, avoided, set aside, rescinded, invalidated, declared to be fraudulent or preferential or otherwise required to be refunded or repaid, or the proceeds of Collateral are required to be returned by any Guarantied Party to the Borrower, its estate, trustee, receiver or any other party, including the Guarantor, under any Bankruptcy Law, state or federal law, common law or equitable cause, then, to the extent of such payment or repayment, the Guarantor's liability hereunder shall be and remain in full force and effect, as fully as if such payment had never been made or, if prior thereto this Guaranty shall have been cancelled or surrendered, this Guaranty shall, to the maximum extent permitted by applicable law, be reinstated in full force and effect, and such prior cancellation or surrender shall not diminish, release, discharge, impair or otherwise affect the obligations of the Guarantor in respect of the amount of such payment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)Notwithstanding anything herein or in any other Loan Document to the contrary, the obligations of Parent under this Guaranty, including in respect of its Obligations, are unsecured.

**Section 2.<u>Limitation of Guaranty</u>**. Anything herein or in any other Loan Document to the contrary notwithstanding, the maximum liability of the Guarantor hereunder and under the other Loan Documents shall in no event exceed the amount that can be guaranteed by the Guarantor under any Requirement of Law relating to fraudulent conveyance or fraudulent transfer (including section 548 of the Bankruptcy Code, the Uniform Fraudulent Conveyance Act, Uniform Fraudulent Transfer Act or any similar foreign, federal or state law to the extent applicable to this Guaranty and the Obligations of the Guarantor hereunder) before taking into account any liabilities under any other guarantee (other than any other guarantee of the Obligations);.

**Section 3.<u>Representations and Warranties</u>**. The Guarantor hereby represents and warrants to the Lenders, the Issuers and the Administrative Agent, on and as of the date hereof, that:

&nbsp;&nbsp;&nbsp;&nbsp;3

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)the execution, delivery and performance by the Guarantor of this Guaranty:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)are within the Guarantor's corporate powers;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)have been duly authorized by all necessary action, including the consent of shareholders where required;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)do not and will not (A) contravene the Guarantor's Constituent Documents in any respect that would reasonably be expected to have a Material Adverse Effect, (B) violate any other Requirement of Law applicable to the Guarantor (including Regulations T, U and X of the Federal Reserve Board), or any order or decree of any Governmental Authority or arbitrator applicable to the Guarantor in any respect that would reasonably be expected to have a Material Adverse Effect, (C) conflict with or result in the breach of, or constitute a default under, or result in or permit the termination or acceleration of, any material Contractual Obligation of the Guarantor in any respect that would reasonably be expected to have a Material Adverse Effect or (D) result in the creation or imposition of any Lien upon any property of the Guarantor; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)do not require the consent of, authorization by, approval of, notice to, or filing or registration with, any Governmental Authority or any other Person, other than (A) those that have been or will be, prior to the date hereof, obtained or made, and each of which on the date hereof will be in full force and effect and (B) those the failure of which to obtain could not reasonably be expected to result in a Material Adverse Effect;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)this Guaranty has been duly executed and delivered by the Guarantor. This Guaranty is the legal, valid and binding obligation of the Guarantor, enforceable against the Guarantor in accordance with its terms subject only to applicable laws relating to (i) bankruptcy, insolvency, reorganization, moratorium or creditors' rights generally and (ii) general equitable principles including the discretion that a court may exercise in the granting of equitable remedies; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)the representations and warranties set forth in *Sections 4.1* through *4.3*, *Section 4.6*, *Sections 4.10* through *4.15* and *Section 4.20* of the Credit Agreement, in each case, as to the Guarantor (as though such representations and warranties applied to the Guarantor, *mutatis mutandis)*, are true and correct in all material respects on and as of the date hereof, except to the extent such representations and warranties expressly relate to an earlier date, in which case such representation and warranties shall have been true and correct in all material respects as of such earlier date.

**Section 4.<u>Authorization; Other Agreements</u>**. The Guarantied Parties are hereby authorized, without notice to or demand upon the Guarantor, which notice or demand is expressly waived hereby to the maximum extent permitted by applicable law, and without discharging or otherwise affecting the obligations of the Guarantor hereunder (which shall remain absolute and unconditional notwithstanding any such action or omission to act), from time to time, to do any of the following in accordance with the terms and conditions of the other Loan Documents:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)supplement, renew, extend, accelerate or otherwise change the time for payment of, or other terms relating to, the Obligations, or any part of them, or otherwise modify, amend or change the terms of any promissory note or other agreement, document or instrument (including, without limitation, the other Loan Documents) now or hereafter executed by the Borrower and delivered to the Guarantied Parties or any of them, including, without limitation, any increase or decrease of principal or the rate of interest thereon;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)waive or otherwise consent to noncompliance with any provision of any instrument evidencing the Obligations, or any part thereof, or any other instrument or agreement in respect of the Obligations (including, without limitation, the other Loan Documents) now or hereafter executed by the Borrower and delivered to the Guarantied Parties or any of them;

&nbsp;&nbsp;&nbsp;&nbsp;4

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)accept partial payments on the Obligations;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)receive, take and hold additional security or collateral for the payment of the Obligations or any part of them and exchange, enforce, waive, substitute, liquidate, terminate, abandon, fail to perfect, subordinate, transfer, otherwise alter and release any such additional security or collateral;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)settle, release, compromise, collect or otherwise liquidate the Obligations or accept, substitute, release, exchange or otherwise alter, affect or impair any security or collateral for the Obligations or any part of them or any other guaranty therefor, in any manner;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)add, release or substitute any one or more other guarantors, makers or endorsers of the Obligations or any part of them and otherwise deal with the Borrower or any other guarantor, maker or endorser;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)apply to the Obligations any and all payments or recoveries from the Borrower, from any other guarantor, maker or endorser of the Obligations or any part of them or from the Guarantor to the Obligations in such order as provided herein whether such Obligations are secured or unsecured or guaranteed or not guaranteed by others;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)apply any and all payments or recoveries from the Guarantor of the Obligations or sums realized from security furnished by the Guarantor upon its indebtedness or obligations to the Guarantied Parties, or any of them, whether or not such indebtedness or obligations relate to the Obligations; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)refund at any time any payment received by any Guarantied Party in respect of any of the Obligations, and payment to such Guarantied Party of the amount so refunded shall be fully guaranteed hereby even though prior thereto this Guaranty shall have been cancelled or surrendered, and such prior cancellation or surrender shall not diminish, release, discharge, impair or otherwise affect the obligations of the Guarantor hereunder in respect of the amount so refunded;

even if any right of reimbursement or subrogation or other right or remedy of the Guarantor is extinguished, affected or impaired by any of the foregoing (including, without limitation, any election of remedies by reason of any judicial, non-judicial or other proceeding in respect of the Obligations which impairs any subrogation, reimbursement or other right of the Guarantor).

**Section 5.<u>Guaranty Absolute and Unconditional</u>**. (a) The Guarantor hereby waives any defense of a surety or guarantor or any other obligor on any obligations arising in connection with or in respect of any of the following and hereby agrees, to the maximum extent permitted by applicable law, that its obligations under this Guaranty are absolute and unconditional and shall not be discharged or otherwise affected as a result of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)the invalidity or unenforceability of any of the Obligations or any agreement or instrument relating thereto, or any security for, or other guaranty of the Obligations or any part of them, or the lack of perfection or continuing perfection or failure of priority of any security for the Obligations or any part of them;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)the absence of any attempt to collect the Obligations or any part of them from the Borrower or other action to enforce the same;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)[reserved];

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)any Guarantied Party's election, in any proceeding instituted under chapter 11 of the Bankruptcy Code, of the application of Section 1111(b)(2) of the Bankruptcy Code or any comparable provisions of other Bankruptcy Laws;

&nbsp;&nbsp;&nbsp;&nbsp;5

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v)any borrowing or grant of a Lien by the Borrower, as debtor-in-possession, or extension of credit, under Section 364 of the Bankruptcy Code or any comparable provisions of other Bankruptcy Laws;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi)the disallowance, under Section 502 of the Bankruptcy Code or any comparable provisions of other Bankruptcy Laws, of all or any portion of any Guarantied Party's claim (or claims) for repayment of the Obligations ;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii)any use of cash collateral under Section 363 of the Bankruptcy Code or any comparable provisions of other Bankruptcy Laws;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii)any agreement or stipulation as to the provision of adequate protection in any bankruptcy proceeding;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ix)[reserved];

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(x)any bankruptcy, insolvency, reorganization, arrangement, readjustment of debt, liquidation or dissolution proceeding commenced by or against Holdings, the Borrower, the Guarantor or any of the Borrower's Subsidiaries, including without limitation, any discharge of, or bar or stay against collecting, all or any of the Obligations (or any part of them or interest thereon) in or as a result of any such proceeding;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xi)failure by any Guarantied Party to file or enforce a claim against the Borrower or its estate in any bankruptcy or insolvency case or proceeding;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xii)any action taken by any Guarantied Party if such action is authorized hereby;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xiii)any election following the occurrence of an Event of Default by any Guarantied Party to proceed separately against the personal property Collateral in accordance with such Guarantied Party's rights under the UCC (or other applicable legislation) or, if the Collateral consists of both personal and real property, to proceed against such personal and real property in accordance with such Guarantied Party's rights with respect to such personal and real property, respectively;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xiv)any change in the corporate existence or structure of the Borrower or any other Loan Party (other than as permitted in the Credit Agreement);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xv)any defense, set-off or counterclaim (other than a defense of payment or performance in full) which may at any time be available to or be asserted by the Guarantor or any other Person against any Guarantied Party;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xvi)any Requirement of Law affecting any term of the Guarantor's obligations under this Guaranty; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xvii)any other circumstance that might otherwise constitute a legal or equitable discharge or defense of a surety or guarantor or any other obligor on any obligations, other than the payment in full of the Obligations or cash collateralization thereof in accordance with the Credit Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)The Guarantor shall automatically be released from its obligations hereunder and the Guaranty of the Guarantor shall be automatically released pursuant to, and under the circumstances described in, Section 10.8(c) of the Credit Agreement.

**Section 6.<u>Waivers</u>**. The Guarantor hereby waives, to the extent not prohibited by Requirement of Law, diligence, promptness, presentment, demand for payment or performance and protest and notice of protest, notice of acceptance and any other notice in

&nbsp;&nbsp;&nbsp;&nbsp;6

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respect of the Obligations or any part of them, and any defense arising by reason of any disability or other defense of the Borrower. The Guarantor shall not, until the Obligations are indefeasibly paid in full in cash or cash collateralized in full in accordance with the Credit Agreement and the Commitments have been terminated, assert any claim or counterclaim it may have against the Borrower or set off any of its obligations to the Borrower against any obligations of the Borrower to it. In connection with the foregoing, the Guarantor covenants that its obligations hereunder shall not be discharged, except by payment in full in cash of the Obligations or cash collateralization in full thereof in accordance with the Credit Agreement.

**Section 7.<u>Reliance</u>**. The Guarantor hereby assumes responsibility for keeping itself informed of the financial condition of the Borrower and any and all endorsers and/or other guarantors of all or any part of the Obligations, and of all other circumstances bearing upon the risk of nonpayment of the Obligations, or any part thereof, that diligent inquiry would reveal, and the Guarantor hereby agrees that no Guarantied Party shall have any duty to advise the Guarantor of information known to it regarding such condition or any such circumstances. In the event any Guarantied Party, in its sole discretion, undertakes at any time or from time to time to provide any such information to the Guarantor, such Guarantied Party shall be under no obligation (i) to undertake any investigation not a part of its regular business routine, (ii) to disclose any information which such Guarantied Party, pursuant to accepted or reasonable commercial finance or banking practices, wishes to maintain confidential or (iii) to make any other or future disclosures of such information or any other information to the Guarantor.

**Section 8.<u>Waiver of Subrogation and Contribution Rights</u>**. Until the Obligations have been indefeasibly paid in full in cash or cash collateralized in full in accordance with the Credit Agreement and the Commitments have been terminated, the Guarantor shall not enforce or otherwise exercise any right or remedy by reason of any performance by it of its Guaranty, including any right of subrogation to any of the rights of the Guarantied Parties or any part of them against the Borrower or any right of reimbursement or contribution or similar right against the Borrower by reason of this Guaranty or by any payment made by the Guarantor in respect of the Obligations.

**Section 9.<u>Subordination</u>**. The Guarantor hereby agrees that during the continuation of an Event of Default specified in Section 9.1(a), (b) or (f) of the Credit Agreement, any Indebtedness of the Borrower now or hereafter owing to the Guarantor, whether heretofore, now or hereafter created (the "*<u>Guarantor Subordinated Debt</u>*"), is hereby subordinated to the payment of all of the Obligations, and that, except as permitted pursuant to the Credit Agreement, the Guarantor Subordinated Debt shall not be paid in whole or in part until the Obligations have been indefeasibly paid in full in cash and this Guaranty is terminated and of no further force or effect. The Guarantor shall not accept any payment of or on account of any Guarantor Subordinated Debt at any time in contravention of the foregoing. During the continuance of an Event of Default specified in Section 9.1(a), (b) or (f) of the Credit Agreement, Holdings shall procure that the Borrower shall, upon demand, pay to the Administrative Agent any payment of all or any part of the Guarantor Subordinated Debt that it would otherwise make under such Guarantor Subordinated Debt and any amount so paid to the Administrative Agent shall be applied to payment of the Obligations as provided in Section 2.13(f) of the Credit Agreement. Each payment on the Guarantor Subordinated Debt received in violation of any of the provisions hereof shall be deemed to have been received by the Guarantor as trustee for the Guarantied Parties and shall be paid over to the Administrative Agent immediately on account of the Obligations, but without otherwise affecting in any manner the Guarantor's liability hereof. The Guarantor agrees to file all claims against the Borrower in any bankruptcy or other proceeding in which the filing of claims is required by Requirement of Law in respect of any Guarantor Subordinated Debt, and the Administrative Agent shall be entitled to all of the Guarantor's rights thereunder. If for any reason the Guarantor fails to file such claim at least ten Business Days prior to the last date on which such claim is permitted to be filed, the Guarantor hereby irrevocably appoints the Administrative Agent as its true and lawful attorney-in-fact and is hereby authorized to act as attorney-in-fact in the Guarantor's name to file such claim or, in the Administrative Agent's discretion, to assign such claim to and cause proof of claim to be filed in the name of the Administrative Agent or its nominee. In all such cases, whether in

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administration, bankruptcy or otherwise, the person or persons authorized to pay such claim shall pay to the Administrative Agent the full amount payable on the claim in the proceeding, and, to the full extent necessary for that purpose, the Guarantor hereby assigns to the Administrative Agent all of the Guarantor's rights to any payments or distributions to which the Guarantor otherwise would be entitled. If the amount so paid is greater than the Guarantor's liability hereunder, the Administrative Agent shall pay the excess amount to the party entitled thereto. In addition, the Guarantor hereby irrevocably appoints the Administrative Agent as its attorney in fact to exercise all of the Guarantor's voting rights with respect to the Guarantor's Guarantor Subordinated Debt in connection with any bankruptcy proceeding or any plan for reorganization of the Borrower.

**Section 10.<u>Default; Remedies</u>**. The obligations of the Guarantor hereunder are independent of and separate from the Obligations. Upon the occurrence and during the continuance of an Event of Default, the Administrative Agent may, at its sole election, proceed directly and at once, without notice, against the Guarantor to collect and recover the full amount or any portion of the Obligations then due, without first proceeding against the Borrower or any other guarantor of the Obligations, or against any Collateral under the Loan Documents or joining the Borrower or any other guarantor in any proceeding against the Guarantor.

**Section 11.<u>Irrevocability</u>**. Subject to the release of the Guaranty of the Guarantor pursuant to *Section 5(b)*, this Guaranty shall, to the maximum extent permitted by applicable law, be irrevocable as to any and all of the Obligations until the Commitments have been terminated and all monetary Obligations then outstanding have been indefeasibly repaid in full in cash or cash collateralized in full in accordance with the Credit Agreement, at which time this Guaranty shall automatically be cancelled. Upon such cancellation or release pursuant to *Section 5(b)* and at the written request of the Guarantor or its successors or assigns, and at the cost and expense of the Guarantor or its successors or assigns, the Administrative Agent shall execute (without recourse, representation or warranty of any kind) in a timely manner a satisfaction of this Guaranty and such instruments, documents or agreements as are necessary or desirable to evidence (a) in the case of such cancellation, the termination of this Guaranty and (b) in the case of the circumstances described in *Section 5(b)*, the release of this Guaranty with respect to the Guarantor.

**Section 12.<u>Setoff</u>**. Upon the occurrence and during the continuance of any Event of Default, each Guarantied Party and each Affiliate of a Guarantied Party is hereby authorized at any time and from time to time, to the fullest extent permitted by law, to set off and apply all deposits (general or special, time or demand, provisional or final) (other than against any Government Accounts Receivable (as defined in the Pledge and Security Agreement) (prior to the assignment of such Government Account Receivable established by or pursuant to the order of a court of competent jurisdiction)) at any time held or other indebtedness owing by such Guarantied Party or its Affiliates to or for the credit or the account of the Guarantor against any and all of the Obligations now or hereafter existing whether or not such Guarantied Party shall have made any demand under this Guaranty, the Credit Agreement or any other Loan Document and even though such Obligations may be unmatured.

**Section 13.<u>No Marshalling</u>**. The Guarantor consents and agrees that no Guarantied Party or Person acting for or on behalf of any Guarantied Party shall be under any obligation to marshal any assets in favor of the Guarantor or against or in payment of any or all of the Obligations.

**Section 14.<u>Enforcement; Amendments; Waivers</u>**. No delay on the part of any Guarantied Party in the exercise of any right or remedy arising under this Guaranty, the Credit Agreement, any of the other Loan Documents or otherwise with respect to all or any part of the Obligations, the Collateral or any other guaranty of or security for all or any part of the Obligations shall operate as a waiver thereof, and no single or partial exercise by any such Person of any such right or remedy shall preclude any further exercise thereof. No modification or waiver of any of the provisions of this Guaranty shall be binding upon any Guarantied Party, except as expressly set forth in a writing duly signed and delivered by the Administrative Agent

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(with the consent or the instruction of the party or parties necessary to make such modification or give such waiver under the Credit Agreement). Failure by any Guarantied Party at any time or times hereafter to require strict performance by the Borrower, the Guarantor, any other guarantor of all or any part of the Obligations or any other Person of any of the provisions, warranties, terms and conditions contained in any of the Loan Documents now or at any time or times hereafter executed by such Persons and delivered to any Guarantied Party shall not waive, affect or diminish any right of any Guarantied Party at any time or times hereafter to demand strict performance thereof and such right shall not be deemed to have been waived by any act or knowledge of any Guarantied Party, or its respective agents, officers or employees, unless such waiver is contained in an instrument in writing, directed and delivered to the Borrower or the Guarantor, as applicable, specifying such waiver, and is signed by the party or parties necessary to give such waiver. No waiver of any Event of Default by any Guarantied Party shall operate as a waiver of any other Event of Default or the same Event of Default on a future occasion, and no action by any Guarantied Party permitted hereunder shall in any way affect or impair any Guarantied Party's rights and remedies or the obligations of the Guarantor under this Guaranty. Any determination by a court of competent jurisdiction of the amount of any principal, interest and/or other amount owing by the Borrower to a Guarantied Party shall be conclusive and binding on the Guarantor irrespective of whether the Guarantor was a party to the suit or action in which such determination was made.

**Section 15.<u>Successors and Assigns</u>**. This Guaranty shall be binding upon the Guarantor and upon the successors and assigns of the Guarantor and shall inure to the benefit of the Guarantied Parties and their respective successors and assigns; *provided,* that the Guarantor may not assign, transfer or delegate any of its rights or obligations under this Guaranty without the prior written consent of the Administrative Agent (with the consent or the instruction of the party or parties necessary to make such modification or give such waiver under the Credit Agreement) (and any attempted assignment without such consent shall be null and void). All references herein to the Borrower and to the Guarantor shall be deemed to include their respective successors and assigns. The successors and assigns of the Guarantor and the Borrower shall include, without limitation, their respective receivers, trustees and debtors-in-possession. All references to the singular shall be deemed to include the plural where the context so requires.

**Section 16.<u>Governing Law</u>**. This Guaranty and the rights and obligations of the parties hereto shall be governed by, and construed and interpreted in accordance with, the law of the State of New York without giving effect to its principles or rules of conflict of laws to the extent such principles or rules are not mandatorily applicable by statute and would require or permit the application of the laws of another jurisdiction.

**Section 17.<u>Submission to Jurisdiction; Service of Process</u>**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)Any legal action or proceeding with respect to this Guaranty, and any of the other Loan Documents to which the Guarantor is party, shall be brought in the New York Courts, and, by execution and delivery of this Guaranty, each party hereto hereby accepts for itself and in respect of its property, generally and unconditionally, the exclusive jurisdiction of the New York Courts and any appellate courts; *provided* that nothing herein shall be deemed or operate to preclude, if all such New York Courts decline jurisdiction over such Person, or decline (or, in the case of the New York Federal Courts, lack) jurisdiction over any subject matter of such action or proceeding, a legal action or proceeding that is brought with respect thereto in another court having jurisdiction. The parties hereto hereby irrevocably waive any objection, including any objection to the laying of venue or based on the grounds of *forum non conveniens*, which any of them may now or hereafter have to the bringing of any such action or proceeding in such respective jurisdictions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)The Guarantor hereby irrevocably designates, appoints and empowers the Borrower in the case of any suit, action or proceeding brought in the United States of America as its designee, appointee and agent to receive, accept and acknowledge for and on its behalf, and in respect of its property, service of any and all legal process, summons, notices and documents that may be served in any action or proceeding brought in the United States of America arising out of

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or in connection with this Guaranty or any of the other Loan Documents. Such service may be made by mailing (by registered or certified mail, postage prepaid) or delivering a copy of such process to the Guarantor in care of the Borrower at the Borrower's address specified in Section 11.9 of the Credit Agreement or at such other address as the Borrower may specify pursuant to Section 11.9 of the Credit Agreement, and the Guarantor hereby irrevocably authorizes and directs the Borrower to accept such service on its behalf. The Guarantor 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 Requirement of Law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)Nothing contained in this *Section 17* shall affect the right of the Administrative Agent or any other Guarantied Party to serve process in any other manner permitted by Requirement of Law or commence legal proceedings or otherwise proceed against the Guarantor in any other jurisdiction.

**Section 18.<u>Certain Terms</u>**. The following rules of interpretation shall apply to this Guaranty: (a) the terms "*herein*," "*hereof*," "*hereto*" and "*hereunder*" and similar terms refer to this Guaranty as a whole and not to any particular Article, Section, subsection or clause in this Guaranty, (b) unless otherwise indicated, references herein to an Exhibit, Article, Section, subsection or clause refer to the appropriate Exhibit to, or Article, Section, subsection or clause in this Guaranty and (c) the term "*including*" means "*including without limitation*" except when used in the computation of time periods.

**Section 19.<u>Waiver of Jury Trial</u>**. EACH OF THE ADMINISTRATIVE AGENT, THE OTHER GUARANTIED PARTIES AND THE GUARANTOR IRREVOCABLY WAIVES TRIAL BY JURY IN ANY ACTION OR PROCEEDING WITH RESPECT TO THIS GUARANTY AND ANY OF THE OTHER LOAN DOCUMENTS OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY).

**Section 20.<u>Notices</u>**. Any notice or other communication herein required or permitted shall be given as provided in Section 11.9 of the Credit Agreement and, in the case of the Guarantor, to the Guarantor in care of the Borrower.

**Section 21.<u>Severability</u>**. Wherever possible, each provision of this Guaranty shall be interpreted in such manner as to be effective and valid under Requirement of Law, but if any provision of this Guaranty shall be prohibited by or invalid under such law, such provision shall be ineffective to the extent of such prohibition or invalidity without invalidating the remainder of such provision or the remaining provisions of this Guaranty.

**Section 22.<u>Waiver</u>**. The Guarantor hereby irrevocably and unconditionally waives, to the maximum extent not prohibited by law, any right it may have to claim or recover any special, exemplary, punitive or consequential damage in any legal action or proceeding in respect of this Guaranty or any of the other Loan Documents.

**Section 23.<u>Execution in Counterparts</u>**. This Guaranty may be executed in any number of counterparts (including by facsimile or other electronic transmissions (i.e., a "pdf" or "tif")) and by different parties in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. Signature pages may be detached from multiple separate counterparts and attached to a single counterpart so that all signature pages are attached to the same document. Delivery of an executed counterpart hereof by telecopy shall be effective as delivery of a manually executed counterpart hereof.

**Section 24.<u>Entire Agreement</u>**. This Guaranty, taken together with all of the other Loan Documents executed and delivered by the Guarantor, represents the entire agreement and understanding of the parties hereto and supersedes all prior understandings, written and oral, relating to the subject matter hereof.

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**In Witness Whereof**, this Guaranty has been duly executed on the date first set forth above.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Agilon Health, Inc.<br>By:<u>/s/ DENISE ZAMORE_______</u>&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;Name: Denise Zamore&nbsp;&nbsp;&nbsp;&nbsp;<br>Title: Chief Legal Officer and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Corporate Secretary

[Signature Page to Parent Guaranty]

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Acknowledged And Agreed<br>as of the date first above written:

JPMORGAN CHASE BANK, N.A.,<br>as Administrative Agent<br>By: &nbsp;&nbsp;&nbsp;&nbsp;<u>/s/ WILLIAM R. DOOLITTLE</u><br>&nbsp;&nbsp;&nbsp;&nbsp;Name: William R. Doolittle<br>&nbsp;&nbsp;&nbsp;&nbsp;Title: Executive Director

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[Signature Page to Parent Guaranty]