# EDGAR Filing Document

**Accession Number:** 0000012927
**File Stem:** 0000012927-25-000064
**Filing Date:** 2025-8
**Character Count:** 239471
**Document Hash:** 4b9436be35583f36bd5cece490fd4738
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000012927-25-000064.hdr.sgml**: 20250828

**ACCESSION NUMBER**: 0000012927-25-000064

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 14

**CONFORMED PERIOD OF REPORT**: 20250825

**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**: 20250828

**DATE AS OF CHANGE**: 20250828

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BOEING CO
- **CENTRAL INDEX KEY:** 0000012927
- **STANDARD INDUSTRIAL CLASSIFICATION:** AIRCRAFT [3721]
- **ORGANIZATION NAME:** 04 Manufacturing
- **EIN:** 910425694
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-00442
- **FILM NUMBER:** 251274471

**BUSINESS ADDRESS:**
- **STREET 1:** 929 LONG BRIDGE DRIVE
- **CITY:** ARLINGTON
- **STATE:** VA
- **ZIP:** 22202
- **BUSINESS PHONE:** 7034146338

**MAIL ADDRESS:**
- **STREET 1:** 929 LONG BRIDGE DRIVE
- **CITY:** ARLINGTON
- **STATE:** VA
- **ZIP:** 22202

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BOEING AIRPLANE CO
- **DATE OF NAME CHANGE:** 19730725

?xml version='1.0' encoding='ASCII'? ba-20250825

**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): **August 25, 2025** 

---

| |
|:---|
| **THE BOEING COMPANY** |
| (Exact name of registrant as specified in its charter) |

---

---

| | | |
|:---|:---|:---|
| **Delaware** | **1-442** | **91-0425694** |
| **(State or other jurisdiction of<br>incorporation or organization)** | **(Commission file number)** | **(I.R.S. Employer Identification No.)** |

---

---

| | |
|:---|:---|
| **929 Long Bridge Drive, Arlington, VA** | **22202** |
| **(Address of principal executive offices)** | **(Zip Code)** |

---

---

| |
|:---|
| **(703) 465-3500** |
| **(Registrant's telephone number, including area code)** |

---

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 Symbol(s)** | **Name of each exchange on which registered** |
| **Common Stock, $5.00 Par Value** | **BA** | **New York Stock Exchange** |
| **Depositary Shares, each representing a 1/20th interest in a share of 6.00% Series A Mandatory Convertible Preferred Stock, $1.00 Par Value** | **BA-PRA** | **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 August 25, 2025, The Boeing Company ("Boeing") entered into a $3.0 billion, 364-day revolving credit agreement (the "Agreement") with Citibank, N.A. ("Citibank") and JPMorgan Chase Bank, N.A. ("JPMorgan") as joint lead arrangers and joint book managers, Citibank as administrative agent, JPMorgan as syndication agent, and a syndicate of lenders as defined in the Agreement. This facility replaces Boeing's previous $3.0 billion, three-year revolving credit agreement, which was scheduled to terminate on August 25, 2025. Under the Agreement, Boeing will pay a fee of between 0.125% and 0.300% per annum on the commitments, depending on Boeing's credit rating. Borrowings under the Agreement that are based on SOFR will generally bear interest at an annual rate equal to Term SOFR (as defined in the Agreement) plus between 1.250% and 1.700% per annum, depending on Boeing's credit rating. All other borrowings under the Agreement will bear interest at an annual rate equal to the highest of (1) the rate announced publicly by Citibank, from time to time, as its "base" rate, (2) the federal funds rate plus 0.50% and (3) Term SOFR for a one-month tenor in effect on such day plus 1.00%, plus in each of (1), (2) and (3) between 0.250% and 0.700% per annum, depending on Boeing's credit rating. The Agreement is scheduled to terminate on August 24, 2026, subject to Boeing's right to, following payment of additional fees, convert outstanding borrowings into term loans with a maturity date that is the one-year anniversary of the termination date, as well as Boeing's right to request that the lenders extend the term for an additional 364 days.

The Agreement contains customary terms and conditions, including covenants restricting Boeing's ability to permit consolidated debt (as defined in the Agreement) in excess of 60% of Boeing's total capital (as defined in the agreement), to incur liens, and to merge or consolidate with another entity and a covenant requiring Boeing to maintain liquidity (as defined in the Agreement) of at least $5.0 billion. Events of default under the Agreement include: (1) failure to pay outstanding principal or interest within five business days of when due, (2) determination that any representation or warranty was incorrect in any material respect when made, (3) failure to perform any other term, covenant or agreement, which failure is not remedied within 30 days of notice, (4) a cross-default with other debt in certain circumstances, (5) the incurrence of certain liabilities under the Employee Retirement Income Security Act of 1974 and (6) bankruptcy and other insolvency events. If an event of default occurs and is continuing, the lenders would have the right to accelerate and require the repayment of all amounts outstanding under the Agreement and would not be required to advance any additional funds.

The foregoing description is qualified in its entirety by the Agreement, which is filed as exhibit 10.1 hereto.

Certain of the lenders and their affiliates have performed, and may in the future perform, for Boeing and its subsidiaries, various banking, underwriting, and other financial services, for which they receive customary fees and expenses.

Boeing's five-year revolving credit agreement, dated as of May 15, 2024, which consists of $4.0 billion of total commitments and Boeing's five-year revolving credit agreement, dated as of August 24, 2023, which consists of $3.0 billion of total commitments, each remain in effect.

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

The information set forth above under "Item 1.01. Entry into a Material Definitive Agreement" is incorporated herein by reference.

**Item 9.01. Financial Statements and Exhibits.**

&nbsp;&nbsp;&nbsp;&nbsp;(d) Exhibits.

---

| | |
|:---|:---|
| **Exhibit<br>Number** | **Description** |
| 10.1 | <u>[364-Day Credit Agreement, dated as of August 25, 2025, among The Boeing Company for itself and on behalf of its Subsidiaries, as a Borrower, the Lenders party hereto, Citibank, N.A., as Administrative Agent, JPMorgan Chase Bank, N.A. as Syndication Agent and Citibank, N.A. and JPMorgan Chase Bank N.A., as Joint Lead Arrangers and Joint Book Managers](a202508aug258kex101.htm)</u> |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

---

------

**SIGNATURE**

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

---

| | |
|:---|:---|
| **THE BOEING COMPANY** | **THE BOEING COMPANY** |
| By: | /s/ John C. Demers |
|  | John C. Demers |
|  | Vice President, Assistant General Counsel and Corporate Secretary |
| Dated: August 28, 2025 | Dated: August 28, 2025 |

---

## Exhibit 10.1

**Exhibit 10.1**

**THE BOEING COMPANY**

**364-DAY**

**CREDIT AGREEMENT**

among

THE BOEING COMPANY

for itself and on behalf of its Subsidiaries,

as a Borrower

THE LENDERS PARTY HERETO

CITIBANK, N.A.,

as Administrative Agent

JPMORGAN CHASE BANK, N.A.

as Syndication Agent

and

CITIBANK, N.A.

and

JPMORGAN CHASE BANK, N.A.,

as Joint Lead Arrangers and Joint Book Managers

dated as of August 25, 2025

i

**<u>**TABLE OF CONTENTS**</u>**

Article and SectionPage

**<u>ARTICLE 1</u>**

**<u>DEFINITIONS</u>1**

1.1 **Definitions** **...................................................................................** 1

1.2 **Use of Defined Terms; References.** **...........................................** 16

1.3 **Accounting Terms.** **.....................................................................** 16

1.4 **Divisions.** **.....................................................................................** 16

1.5 **Rates** **............................................................................................** 16

**<u>ARTICLE 2</u>**

**<u>AMOUNTS AND TERMS OF THE ADVANCES</u>17**

2.1 **Advances.** **.....................................................................................** 17

2.2 **Making Advances.** **......................................................................** 17

2.3 **Conversion to Term Loans, Repayment** **...................................** 19

2.4 **Interest Rate on Advances** **.........................................................** 19

2.5 **[Reserved].** **...................................................................................** 20

2.6 **[Reserved].** **...................................................................................** 20

2.7 **Fees** **..............................................................................................** 20

2.8 **Reduction of the Commitments.** **................................................** 20

2.9 **[Reserved].** **...................................................................................** 21

2.10 **SOFR Determination.** **................................................................** 21

2.11 **Voluntary Conversion of Advances; Continuation of** **Advances** **......................................................................................** 21

2.12 **Prepayments** **................................................................................** 22

2.13 **Increases in Costs.** **......................................................................** 23

2.14 **Taxes.** **...........................................................................................** 24

2.15 **Illegality** **.......................................................................................** 27

2.16 **Payments and Computations.** **....................................................** 28

2.17 **Sharing of Payments, Etc.** **..........................................................** 29

2.18 **Evidence of Debt.** **........................................................................** 29

2.19 **Alteration of Commitments and Addition of Lenders.** **...........** 30

2.20 **Assignments; Sales of Participations and Other Interests in** **Advances.** **.....................................................................................** 32

2.21 **Extension of Termination Date.** **................................................** 36

2.22 **Subsidiary Borrowers.** **...............................................................** 37

2.23 **Defaulting Lenders.** **....................................................................** 39

2.24 **Benchmark Replacement Setting.** **.............................................** 40

ii

**<u>ARTICLE 3</u>**

**<u>REPRESENTATIONS AND WARRANTIES</u>42**

3.1 **Representations and Warranties by the Borrowers** **................** 42

**<u>ARTICLE 4</u>**

**<u>COVENANTS OF TBC</u>44**

4.1 **Affirmative Covenants of TBC** **.................................................** 44

4.2 **General Negative Covenants of TBC** **........................................** 46

4.3 **Financial Statement Terms** **........................................................** 48

4.4 **Waivers of Covenants.** **...............................................................** 48

**<u>ARTICLE 5</u>**

**<u>CONDITIONS PRECEDENT TO BORROWINGS</u>48**

5.1 **Conditions Precedent to the Initial Borrowing of TBC** **..........** 49

5.2 **Conditions Precedent to Each Borrowing of TBC** **..................** 49

5.3 **[Reserved].** **...................................................................................** 50

5.4 **Conditions Precedent to the Initial Borrowing of a** **Subsidiary Borrower** **..................................................................** 50

5.5 **Conditions Precedent to Each Borrowing of a Subsidiary** **Borrower** **.....................................................................................** 51

**<u>ARTICLE 6</u>**

**<u>EVENTS OF DEFAULT</u>51**

6.1 **Events of Default** **........................................................................** 51

6.2 **Lenders' Rights upon Borrower Default** **..................................** 53

iii

**<u>ARTICLE 7</u>**

**<u>THE AGENT</u>53**

7.1 **Appointment and Authority** **......................................................** 54

7.2 **Rights as a Lender** **......................................................................** 54

7.3 **Exculpatory Provisions.** **.............................................................** 54

7.4 **Reliance by Agent** **.......................................................................** 55

7.5 **Indemnification.** **..........................................................................** 55

7.6 **Resignation of Agent.** **.................................................................** 56

7.7 **Delegation of Duties** **....................................................................** 57

7.8 **Non-Reliance on Agent and Other Lenders** **.............................** 57

7.9 **No Other Duties, etc.** **..................................................................** 57

7.10 **Lender ERISA Representation** **.................................................** 58

7.11 **Recovery of Erroneous Payments** **.............................................** 58

**<u>[ARTICLE 8](#ib9a6f47ef14f48b1b8d3dd6fce0bbf11_79)</u>**

**<u>[MISCELLANEOUS](#ib9a6f47ef14f48b1b8d3dd6fce0bbf11_79)</u>[61](#ib9a6f47ef14f48b1b8d3dd6fce0bbf11_79)**

8.1 **Modification, Consents and Waivers.** **.......................................** 61

8.2 **Notices.** **.........................................................................................** 62

8.3 **Costs, Expenses and Taxes.** **.......................................................** 64

8.4 **Binding Effect** **.............................................................................** 65

8.5 **Severability** **..................................................................................** 65

8.6 **Governing Law** **...........................................................................** 65

8.7 **Headings.** **.....................................................................................** 65

8.8 **Execution in Counterparts** **........................................................** 65

8.9 **Right of Set-Off** **...........................................................................** 65

8.10 **Confidentiality** **............................................................................** 66

8.11 **Agreement in Effect** **....................................................................** 66

8.12 **Patriot Act Notice** **.......................................................................** 66

8.13 **Jurisdiction, Etc.** **.........................................................................** 67

8.14 **No Fiduciary Duty** **......................................................................** 67

8.15 **Waiver of Jury Trial** **..................................................................** 68

8.16 **Acknowledgement and Consent to Bail-In of Certain** **Financial Institutions** **.................................................................** 68

iv

---

| | |
|:---|:---|
| Exhibit A- | Note |
| Exhibit B- | Notice of Borrowing |
| Exhibit C- | Request for Alteration |
| Exhibit D- | Borrower Subsidiary Letter |
| Exhibit E- | Extension Request |
| Exhibit F- | Continuation Notice |
| Exhibit G- | Opinion of Counsel of the Company |
| Exhibit H- | Opinion of Counsel for Agent |
| Exhibit I- | Opinion of in-house counsel to Subsidiary Borrower |
| Exhibit J- | Guaranty of TBC |
| Exhibit K- | Opinion of Counsel to TBC |
| Schedule I- | Commitments |
| Schedule II- | Agent Contact Details |

---

**CREDIT AGREEMENT**

Dated as of August 25, 2025

THE BOEING COMPANY, a Delaware corporation ("**TBC**" or the "**Company**"), for itself and

on behalf of the other BORROWERS (as defined below), the LENDERS (as defined below),

CITIBANK, N.A. and JPMORGAN CHASE BANK, N.A., as joint lead arrangers and joint book

managers, JPMORGAN CHASE BANK, N.A., as syndication agent, and CITIBANK, N.A., in

its capacity as administrative agent for the Lenders (in such capacity, the "**Agent**"), agree as

follows:

**ARTICLE 1**

**Definitions**

1.1**Definitions**. As used in this Agreement, the following terms have the respective

meanings set out below:

"**2022 Three-Year Credit Agreement**" means the Credit Agreement, dated as of August 25,

2022, as amended, by and among TBC, Citibank, N.A., as administrative agent, and

certain other banks as lenders.

"**Administrative Questionnaire**" means an Administrative Questionnaire in a form supplied by

the Agent.

"**Advance**" means an advance made by a Lender to a Borrower as part of a Borrowing and refers

to a Base Rate Advance or a SOFR Advance, each of which is a "Type" of Advance.

"**Affected Financial Institution**" means (a) any EEA Financial Institution or (b) any UK

Financial Institution.

"**Affiliate**" means, as to any Person, any other Person that, directly or indirectly, controls, is

controlled by or is under common control with such Person or is a director or officer of

such Person. (For purposes of this definition, the term "controls", "controlling",

"controlled by" and "under common control with" mean, with respect to a Person, the

possession, direct or indirect, of the power to vote 5% or more of the Voting Stock of

such Person or to direct or cause the direction of the management and policies of such

Person, whether through the ownership of Voting Stock, by contract, or otherwise.)

"**Agent**" means Citibank, N.A. acting in its capacity as administrative agent for the Lenders, or

any successor administrative agent appointed pursuant to Section 7.6.

"**Agent's Account**" means the account of the Agent maintained by the Agent with Citibank,

N.A., at its office at 388 Greenwich Street, New York, New York 10013, Account

31311565, Attention: CBNA Lending Agency, Reference: The Boeing Company.

"**Agreement**" means this agreement, as it may be amended or otherwise modified from time to

time, and any written additions or supplements hereto.

"**Anti-Corruption Laws**" means the U.S. Foreign Corrupt Practices Act of 1977, as amended,

and other similar laws, rules, and regulations of any jurisdiction applicable to TBC or any

of its Subsidiaries from time to time concerning or relating to bribery, money laundering

or corruption.

"**Applicable Lending Office**" means, with respect to any Lender, the office of such Lender

specified as its "Lending Office" in its Administrative Questionnaire or such other office

of such Lender as such Lender may from time to time specify to TBC and the Agent.

"**Applicable Margin**" means, for any date, a fluctuating per annum rate equal to the then-

applicable rate set forth in the pricing grid below, depending upon the Debt Rating then

in effect:

---

| | | | |
|:---|:---|:---|:---|
| **<u>Level</u>** | **<u>Public Debt Rating: S&P, Moody's</u>** <br>**<u>and Fitch</u>**<br>| **<u>Applicable Margin</u>** <br>**<u>for SOFR Advances</u>**<br>| **<u>Applicable Margin</u>** <br>**<u>for Base Rate</u>** <br>**<u>Advances</u>**<br>|
| <u>Level I</u> | at least BBB+ by S&P, Baal by <br>Moody's or BBB+ by Fitch<br>| 1.250% | 0.250% |
| <u>Level II</u> | less than Level I<br>but at least BBB by S&P, Baa2 by <br>Moody's or BBB by Fitch<br>| 1.350% | 0.350% |
| <u>Level III</u> | less than Level II<br>but at least BBB- by S&P, Baa3 by <br>Moody's or BBB- by Fitch<br>| 1.450% | 0.450% |
| <u>Level IV</u> | less than Level III<br>but at least BB+ by S&P, Ba1 by <br>Moody's or BB+ by Fitch<br>| 1.500% | 0.500% |
| <u>Level V</u> | less than Level IV | 1.700% | 0.700% |

---

"**Applicable Percentage**" means, for any date, a fluctuating per annum rate equal to the then-

applicable rate set forth in the pricing grid below, depending upon the Debt Rating then

in effect:

---

| | | |
|:---|:---|:---|
| **<u>Level</u>** | **<u>Public Debt Rating: S&P, Moody's and Fitch</u>** | **<u>Applicable</u>** <br>**<u>Percentage</u>**<br>|
| <u>Level I</u> | at least BBB+ by S&P, Baa1 by Moody's or BBB+ by<br>Fitch<br>| 0.125% |
| <u>Level II</u> | but at least BBB by S&P, Baa2 by Moody's or BBB by<br>Fitch<br>| 0.150% |
| <u>Level III</u> | less than Level II<br>but at least BBB- by S&P, Baa3 by Moody's or BBB- by<br>Fitch<br>| 0.175% |
| <u>Level IV</u> | less than Level III<br>but at least BB+ by S&P, Ba1 by Moody's or BB+ by Fitch<br>| 0.250% |
| <u>Level V</u> | less than Level IV | 0.300% |

---

"**Available Tenor**" means, as of any date of determination and with respect to the then-current

Benchmark, as applicable, (x) if such Benchmark is a term rate, any tenor for such

Benchmark (or component thereof) that is or may be used for determining the length of

an interest period pursuant to this Agreement or (y) otherwise, any payment period for

interest calculated with reference to such Benchmark (or component thereof) that is or

may be used for determining any frequency of making payments of interest calculated

with reference to such Benchmark pursuant to this Agreement, in each case, as of such

date and not including, for the avoidance of doubt, any tenor for such Benchmark that is

then-removed from the definition of "Interest Period" pursuant to Section 2.24(d).

"**Bail-In Action**" means the exercise of any Write-Down and Conversion Powers by the

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

Institution.

"**Bail-In Legislation**" means:

(a)with respect to any EEA Member Country implementing Article 55 of Directive

2014/59/EU of the European Parliament and of the Council of the European

Union, the implementing law, regulation rule or requirement for such EEA

Member Country from time to time which is described in the EU Bail-In

Legislation Schedule; and

(b)with respect to the United Kingdom, Part I of the United Kingdom Banking Act

2009 (as amended from time to time) and any other law, regulation or rule

applicable in the United Kingdom relating to the resolution of unsound or failing

banks, investment firms or other financial institutions or their affiliates (other than

through liquidation, administration or other insolvency proceedings).

"**Base Rate**" means the highest of (a) the rate of interest announced publicly by Citibank, N.A.,

in New York City, from time to time, as Citibank's "base" rate, (b) the Federal Funds

Rate plus 0.50% per annum and (c) Term SOFR for a one-month tenor in effect on such

day plus 1.00%.

"**Base Rate Advance**" means an Advance which bears interest at the Base Rate.

"**Benchmark**" means, initially, the Term SOFR Reference Rate; provided that if a Benchmark

Transition Event has occurred with respect to the Term SOFR Reference Rate or the

then-current Benchmark, then "Benchmark" means the applicable Benchmark

Replacement to the extent that such Benchmark Replacement has replaced such prior

benchmark rate pursuant to Section 2.24(a).

"**Benchmark Replacement**" means, with respect to any Benchmark Transition Event, the sum

of: (a) the alternate benchmark rate that has been selected by the Administrative Agent

and the Borrower giving due consideration to (i) any selection or recommendation of a

replacement benchmark rate or the mechanism for determining such a rate by the

Relevant Governmental Body or (ii) any evolving or then-prevailing market convention

for determining a benchmark rate as a replacement to the then-current Benchmark for

Dollar-denominated syndicated credit facilities at such time and (b) the related

Benchmark Replacement Adjustment; <u>provided</u> that, if such Benchmark Replacement as

so determined would be less than the Floor, such Benchmark Replacement will be

deemed to be the Floor for the purposes of this Agreement.

All parties hereto acknowledge that the establishment of any such Benchmark Replacement

(together with any necessary or related changes, including Conforming Changes) is not

intended to result in a deemed exchange for U.S. federal income tax purposes of any

obligation of any Borrower under any Credit Document.

"**Benchmark Replacement Adjustment**" means, with respect to any replacement of the then-

current Benchmark with an Unadjusted Benchmark Replacement, the spread adjustment,

or method for calculating or determining such spread adjustment (which may be a

positive or negative value or zero) that has been selected by the Agent and the Company

giving due consideration to (a) any selection or recommendation of a spread adjustment,

or method for calculating or determining such spread adjustment, for the replacement of

such Benchmark with the applicable Unadjusted Benchmark Replacement by the

Relevant Governmental Body or (b) any evolving or then- prevailing market convention

for determining a spread adjustment, or method for calculating or determining such

spread adjustment, for the replacement of such Benchmark with the applicable

Unadjusted Benchmark Replacement for Dollar-denominated syndicated credit facilities

at such time.

"**Benchmark Replacement Date**" means the earliest to occur of the following events with

respect to the then-current Benchmark:

(a)in the case of clause (a) or (b) of the definition of "Benchmark Transition Event",

the later of (i) the date of the public statement or publication of information

referenced therein and (ii) the date on which the administrator of such Benchmark

(or the published component used in the calculation thereof) permanently or

indefinitely ceases to provide all Available Tenors of such Benchmark (or such

component thereof); or

(b)in the case of clause (c) of the definition of "Benchmark Transition Event", the

first date on which all Available Tenors of such Benchmark (or the published

component used in the calculation thereof) have been determined and announced

by or on behalf of the administrator of such Benchmark (or such component

thereof) or the regulatory supervisor for the administrator of such Benchmark (or

such component thereof) to be non-representative; <u>provided,</u> that such non-

representativeness will be determined by reference to the most recent statement or

publication referenced in such clause (c) and even if any Available Tenor of such

Benchmark (or such component thereof) continues to be provided on such date.

For the avoidance of doubt, the "Benchmark Replacement Date" will be deemed to have

occurred in the case of clause (a) or (b) with respect to any Benchmark upon the

occurrence of the applicable event or events set forth therein with respect to all then-

current Available Tenors of such Benchmark (or the published component used in the

calculation thereof).

"**Benchmark Transition Event**" means the occurrence of one or more of the following events

with respect to the then-current Benchmark:

(a)a public statement or publication of information by or on behalf of the

administrator of such Benchmark (or the published component used in the

calculation thereof) announcing that such administrator has ceased or will cease to

provide all Available Tenors of such Benchmark (or such component thereof),

permanently or indefinitely; provided that, at the time of such statement or

publication, there is no successor administrator that will continue to provide any

Available Tenor of such Benchmark (or such component thereof);

(b)a public statement or publication of information by the regulatory supervisor for

the administrator of such Benchmark (or the published component used in the

calculation thereof), the Federal Reserve Board, the Federal Reserve Bank of New

York, an insolvency official with jurisdiction over the administrator for such

Benchmark (or such component), a resolution authority with jurisdiction over the

administrator for such Benchmark (or such component) or a court or an entity

with similar insolvency or resolution authority over the administrator for such

Benchmark (or such component), which states that the administrator of such

Benchmark (or such component) has ceased or will cease to provide all Available

Tenors of such Benchmark (or such component thereof) permanently or

indefinitely; provided that, at the time of such statement or publication, there is no

successor administrator that will continue to provide any Available Tenor of such

Benchmark (or such component thereof); or

(c)a public statement or publication of information by or on behalf of the

administrator of such Benchmark (or the published component used in the

calculation thereof) or the regulatory supervisor for the administrator of such

Benchmark (or such component thereof) announcing that all Available Tenors of

such Benchmark (or such component thereof) are no longer, or as of a specified

future date will not be, representative.

For the avoidance of doubt, a "Benchmark Transition Event" will be deemed to have

occurred with respect to any Benchmark if a public statement or publication of

information set forth above has occurred with respect to each then-current Available

Tenor of such Benchmark (or the published component used in the calculation thereof).

"**Benchmark Transition Start Date**" means, in the case of a Benchmark Transition Event, the

earlier of (a) the applicable Benchmark Replacement Date and (b) if such Benchmark

Transition Event is a public statement or publication of information of a prospective

event, the 90th day prior to the expected date of such event as of such public statement or

publication of information (or if the expected date of such prospective event is fewer than

90 days after such statement or publication, the date of such statement or publication).

"**Benchmark Unavailability Period**" means, the period (if any) (a) beginning at the time that a

Benchmark Replacement Date has occurred if, at such time, no Benchmark Replacement

has replaced the then-current Benchmark for all purposes hereunder in accordance with

Section 2.24 and (b) ending at the time that a Benchmark Replacement has replaced the

then-current Benchmark for all purposes hereunder in accordance with Section 2.24.

"**Beneficial Ownership Certification**" means a certification regarding beneficial ownership as

required by the Beneficial Ownership Regulation.

"**Beneficial Ownership Regulation**" means 31 C.F.R. § 1010.230.

"**Borrower**" means, individually and collectively, as the context requires, TBC and each

Subsidiary Borrower (unless and until it becomes a "Terminated Subsidiary Borrower"

pursuant to Section 2.22).

"**Borrower Subsidiary Letter**" means, with respect to any Subsidiary Borrower, a letter in the

form of Exhibit D, signed by such Subsidiary Borrower and TBC.

"**Borrowing**" means a borrowing consisting of simultaneous Advances of the same Type made

by each of the Lenders pursuant to Section 2.1.

"**Business Day**" means any day that is not a Saturday, Sunday or other day of the year on which

banks are required or authorized to close in New York City.

"**Closing Date**" means the date that the conditions set forth in Section 5.1 are satisfied or

waived.

"**Commitment**" means, for each Lender, the full amount set forth opposite the name of such

Lender in Schedule I or, if such Lender is a Replacement Lender or a Lender that has

entered into one or more assignments pursuant to Section 2.20 or Section 2.21, the

amount set forth for such Lender in the Register maintained by the Agent pursuant to

Section 2.20(d), as such amount may be reduced pursuant to Section 2.3, Section 2.8 or

Section 2.19 or increased pursuant to Section 2.19.

"**Communications**" has the meaning specified in Section 8.2(d)(1).

"**Company**" means The Boeing Company, a Delaware corporation.

"**Confidential Information**" means information that a Borrower furnishes to the Agent or any

Lender in a writing designated as confidential, but does not include any such information

that is or becomes generally available to the public or that is or becomes available to the

Agent or such Lender from a source other than a Borrower.

"**Conforming Changes**" means, with respect to either the use or administration of Term SOFR

or the use, administration, adoption or implementation of any Benchmark Replacement,

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 borrowing requests or

prepayment, conversion or continuation notices, the applicability and length of lookback

periods, the applicability of Section 2.12(d) and other technical, administrative or

operational matters) that the Agent, in consultation with the Company, decides may be

appropriate to reflect the adoption and implementation of any such rate or to permit the

use and administration thereof by the Agent in a manner substantially consistent with

market practice (or, if the Agent decides that adoption of any portion of such market

practice is not administratively feasible or if the Agent determines, in consultation with

the Company, that no market practice for the administration of any such rate exists, in

such other manner of administration as the Agent, in consultation with the Company,

decides is reasonably necessary in connection with the administration of this Agreement).

"**Consolidated**" refers to the consolidation of accounts in accordance with generally accepted

accounting principles.

"**Consolidated Net Tangible Assets**" means the total amount of assets (less applicable reserves

and other properly deductible items) after, deducting therefrom (i) all current liabilities

(excluding any thereof which are by their terms extendible or renewable at the option of

the obligor thereon to a time more than 12 months after the time as of which the amount

thereof is being computed), and (ii) all good will, trade names, trademarks, patents,

unamortized debt discount and expenses and other like intangibles, all as set forth on the

most recent balance sheet of the Company and its consolidated Subsidiaries and

computed in accordance with generally accepted accounting principles.

"**Continuation Notice**" has the meaning specified in Section 2.21(a).

"**Continuing Lender**" has the meaning specified in Section 2.21(a).

"**Convert**", "**Conversion**" and "**Converted**" each means a conversion of Advances of one Type

into Advances of another Type pursuant to Section 2.10, 2.11 or 2.15.

"**Debt**" of a Person means

(i)indebtedness for borrowed money or for the deferred purchase price of property

or services;

(ii)financial obligations evidenced by bonds, debentures, notes or other similar

instruments;

(iii)financial obligations as lessee under leases which have been or should be, in

accordance with generally accepted accounting principles, recorded as capital

leases; and

(iv)obligations under direct or indirect guaranties in respect of, and obligations

(contingent or otherwise) to purchase or otherwise acquire, or otherwise to assure

a creditor against loss in respect of, indebtedness or financial obligations of others

of the kind referred to in clauses (i) through (iii) above.

"**Debt Rating**" means, as of any date, the rating of the long-term senior unsecured debt of the

Company then in effect, <u>provided</u>, <u>however</u>, that if the ratings from S&P, Moody's and

Fitch fall within different levels, (i) two of the ratings are at the same level and the other

rating is one level higher or one level lower than the two same ratings, the Applicable

Margin and Applicable Percentage will be based on the two ratings at the same level, (ii)

two of the ratings are at the same level and the other rating is two or more levels above

the two same ratings, the Applicable Margin and Applicable Percentage will be based on

the rating that is one level above the two same ratings, (iii) two of the ratings are at the

same level and the other rating is two or more levels below the two same ratings, the

Applicable Margin and Applicable Percentage will be based on the rating that is one level

below the two same ratings and (iv) each of the three ratings fall within different levels,

then the Applicable Margin and Applicable Percentage will be determined based on the

rating level that is in between the highest and the lowest ratings, and <u>provided further</u> that

if, at any time, no rating is available from S&P, Moody's and Fitch or any other

nationally recognized statistical rating organization designated by TBC and approved in

writing by the Majority Lenders, the Applicable Margin and Applicable Percentage for

each Interest Period or each other period, as applicable, commencing during the thirty

days following such ratings becoming unavailable shall be the Applicable Margin or

Applicable Percentage, respectively, in effect immediately prior to such ratings becoming

unavailable. Thereafter, the rating to be used until ratings from S&P, Moody's and Fitch

become available shall be as agreed between TBC and the Majority Lenders, and TBC

and the Majority Lenders shall use good faith efforts to reach such agreement within such

thirty-day period, <u>provided, however</u>, that if no such agreement is reached within such

thirty-day period the Applicable Margin and Applicable Percentage thereafter, until such

agreement is reached, shall be (a) if any such rating has become unavailable as a result of

S&P, Moody's or Fitch ceasing its business as a rating agency, the Applicable Margin or

Applicable Percentage, respectively, in effect immediately prior to such cessation or (b)

otherwise, the Applicable Margin or Applicable Percentage as set forth under Level V in

the respective definitions of "Applicable Margin" and "Applicable Percentage".

"**Default**" means any Event of Default or any event that would constitute an Event of Default but

for the requirement that notice be given or time elapse or both.

"**Defaulting Lender**" means, at any time, subject to Section 2.23(c), a Lender that (i) has failed

for two or more Business Days to comply with its obligations under this Agreement to

make an Advance (each a "<u>funding obligation</u>"), unless such Lender has notified the

Agent and the Company in writing that such failure is the result of such Lender's

determination that one or more conditions precedent to funding has not been satisfied

(which conditions precedent, together with the applicable default, if any, will be

specifically identified in such writing), (ii) has notified the Agent or the Company in

writing, or has stated publicly, that it will not comply with any such funding obligation

hereunder unless such writing or statement states that such position is based on such

Lender's determination that one or more conditions precedent to funding cannot be

satisfied (which conditions precedent, together with the applicable default, if any, will be

specifically identified in such writing or public statement), (iii) has defaulted on its

funding obligations under other loan agreements or credit agreements generally under

which it has commitments to extend credit or has notified, or whose Parent Company has

notified, the Agent or the Company in writing, or has stated publicly, that it does not

intend to comply with its funding obligations under loan agreements or credit agreements

generally, (iv) has, for three or more Business Days, failed to confirm in writing to the

Agent, in response to a written request of the Agent or the Company, that it will comply

with its funding obligations hereunder (provided that such Lender will cease to be a

Defaulting Lender pursuant to this clause (iv) upon the Agent's and the Borrower's

receipt of such written confirmation), or (v) as to which a Lender Insolvency Event has

occurred and is continuing with respect to it or its Parent Company; <u>provided</u> that, for the

avoidance of doubt, a Lender shall not be a Defaulting Lender solely by virtue of (1) the

control, ownership or acquisition of any equity interest in that Lender or any direct or

indirect parent company thereof by a governmental authority or (2) in the case of a

solvent Lender, the precautionary appointment of an administrator, guardian, custodian or

other similar official by a government authority under or based on the law of the country

where such lender is subject to home jurisdiction supervision if applicable law requires

that such appointment not be publicly disclosed, so long as, in the case of clause (1) and

clause (2), such action does not result in or provide such Lender with immunity from the

jurisdiction of courts within the United States or from the enforcement of judgments or

writs of attachment on its assets or permit such Lender (or such governmental authority

or instrumentality) to reject, repudiate, disavow or disaffirm any contracts or agreements

made with such Lender. Any determination by the Agent that a Lender is a Defaulting

Lender under clauses (i) through (v) above shall be conclusive and binding absent

manifest error, and such Lender shall be deemed to be a Defaulting Lender (subject to

Section 2.23(c)) upon delivery of written notice of such determination to the Company

and each Lender.

"**EEA Financial Institution**" means (a) any credit institution or investment firm established in

any EEA Member Country which is subject to the supervision of an EEA Resolution

Authority, (b) any entity established in an EEA Member Country which is a parent of an

institution described in clause (a) of this definition, or (c) any financial institution

established in an EEA Member Country which is a subsidiary of an institution described

in clauses (a) or (b) of this definition and is subject to consolidated supervision with its

parent.

"**EEA Member Country**" means any of the member states of the European Union, Iceland,

Liechtenstein, and Norway.

"**EEA Resolution Authority**" means any public administrative authority or any Person entrusted

with public administrative authority of any EEA Member Country (including any

delegee) having responsibility for the resolution of any EEA Financial Institution.

"**Effective Date**" has the meaning specified in Section 2.19(d).

"**Eligible Assignee**" means

(i)a commercial bank organized under the laws of the United States, or any state

thereof, and having a combined capital and surplus in excess of $3,000,000,000;

(ii)a commercial bank organized under the laws of any other country which is a

member of the OECD, or a political subdivision of any such country, and having a

combined capital and surplus in excess of $3,000,000,000, provided that such

bank is acting through a branch or agency located in either (a) the country in

which it is organized or (b) another country which is also a member of the OECD

or the Cayman Islands;

(iii)the central bank of any country which is a member of the OECD;

(iv)any Lender;

(v)an Affiliate of any Lender; or

(vi)any other Person approved in writing, so long as no Event of Default has occurred

and is continuing, by TBC, which approval has been communicated in writing to

the Agent, provided that none of (x) TBC or an Affiliate of TBC, (y) a natural

Person or (2) any Defaulting Lender shall qualify as an Eligible Assignee.

"**ERISA**" means the Employee Retirement Income Security Act of 1974, as amended from time

to time and the regulations promulgated and rulings issued thereunder.

"**ERISA Affiliate**" means any Person that for purposes of Title IV of ERISA is a member of the

controlled group of any Borrower, or under common control with any Borrower, within

the meaning of Section 414 of the Internal Revenue Code.

"**Erroneous Payment**" has the meaning specified in Section 7.11(a).

"**Erroneous Payment Deficiency Assignment**" has the meaning specified in Section 7.11(d).

"**Erroneous Payment Return Deficiency**" has the meaning specified in Section 7.11(d).

"**Erroneous Payment Subrogation Rights**" has the meaning specified in Section 7.11(e).

"**EU Bail-In Legislation Schedule**" means the EU Bail-In Legislation Schedule published by

the Loan Market Association (or any successor Person), as in effect from time to time.

"**Event of Default**" means any of the events described in Section 6.1.

"**Extension Request**" has the meaning specified in Section 2.21.

"**Facility Fee**" has the meaning specified in Section 2.7.

"**FATCA**" means Sections 1471 through 1474 of the Internal Revenue Code, as of the date of

this Agreement (or any amended or successor version that is substantively comparable

and not materially more onerous to comply with), any current or future regulations or

official interpretations thereof and any agreements entered into pursuant to Section

1471(b)(1) of the Internal Revenue Code.

"**Federal Funds Rate**" 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, 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 Agent from three Federal funds brokers of recognized standing selected by it;

<u>provided</u> that, if the Federal Funds Rate shall be less than zero, such rate shall be deemed

zero for purposes of this Agreement.

"**Fitch**" means Fitch, Inc.

"**Floor**" means a rate of interest equal to 0.00%.

"**Guaranty**" means each Guaranty Agreement executed by TBC in favor of the Agent and the

Lenders, unconditionally guaranteeing the payment of all obligations of a Subsidiary

Borrower hereunder and under any Notes executed or to be executed by it.

"**Indemnified Costs**" has the meaning specified in Section 7.5.

"**Indemnified Party**" has the meaning specified in Section 8.3(b).

"**Interest Period**" means, for each SOFR Advance constituting part of the same Borrowing, the

period commencing on the date of such Advance or the date of the Conversion of a Base

Rate Advance into such a SOFR Advance and ending one month thereafter and,

thereafter, each subsequent period commencing on the last day of the immediately

preceding Interest Period and ending one month thereafter, <u>provided, however</u>, that:

(i)no Interest Period shall end on a date later than the Termination Date;

(ii)Interest Periods commencing on the same date for Advances constituting part of

the same Borrowing shall be of the same duration; and

(iii)whenever the last day of any Interest Period would otherwise occur on a day other

than a Business Day, the last day of such Interest Period shall be extended to

occur on the next succeeding Business Day, provided that, if such extension

would cause the last day of such Interest Period to occur in the next following

calendar month, the last day of the Interest Period shall occur on the immediately

preceding Business Day.

"**Internal Revenue Code**" means the Internal Revenue Code of 1986, as amended from time to

time.

"**Lender**", subject to Section 2.20, means any of the institutions that is a signatory hereto or that,

pursuant to Section 2.13, 2.19, 2.20 or 2.21, becomes a "Lender" hereunder.

"**Lender Insolvency Event**" means that (i) a Lender or its Parent Company is insolvent, or is

generally unable to pay its debts as they become due, or admits in writing its inability to

pay its debts as they become due, or makes a general assignment for the benefit of its

creditors, or (ii) such Lender or its Parent Company is the subject of a Bail-In Action or a

bankruptcy, insolvency, reorganization, liquidation or similar proceeding, or a receiver,

trustee, conservator, intervenor or sequestrator or similar Person charged with the

reorganization or liquidation of its business or custodian has been appointed for such

Lender or its Parent Company, or such Lender or its Parent Company has taken any

action in furtherance of or indicating its consent to or acquiescence in any such

proceeding or appointment.

"**Majority Lenders**" means Lenders holding greater than 50% of the then aggregate unpaid

principal amount of the Advances or, if no Advances are outstanding, Lenders having

greater than 50% of the total Commitments; <u>provided</u> that if any Lender shall be a

Defaulting Lender at such time, there shall be excluded from the determination of

Majority Lenders at such time the Commitments of such Lender at such time.

"**Maturity Date**" means the Termination Date or, if the Term Loan Conversion Option described

in Section 2.3 has been exercised, the date that is the one-year anniversary of the

Termination Date.

"**Moody's**" means Moody's Investor Services, Inc.

"**New Lender**" has the meaning specified in Section 2.19(c).

"**Non-Defaulting Lender**" means, at any time, a Lender that is not a Defaulting Lender.

"**Non-Extending Lender**" has the meaning specified in Section 2.21(a).

"**Note**" means a promissory note of a Borrower payable to the order of any Lender, in

substantially the form of Exhibit A, evidencing the indebtedness of that Borrower to such

Lender resulting from the Advances made by such Lender to that Borrower.

"**Notice of Borrowing**" has the meaning specified in Section 2.2(a).

"**OECD**" means the Organization for Economic Cooperation and Development.

"**Parent Company**" means, with respect to a Lender, the bank holding company (as defined in

Federal Reserve Board Regulation Y), if any, of such Lender, and/or any Person owning,

beneficially or of record, directly or indirectly, a majority of the shares of such Lender.

"**Participant Register**" has the meaning specified in Section 2.20(e).

"**Payment Recipient**" has the meaning specified in Section 7.11(a).

"**Permitted Party**" or "**Permitted Parties**" has the meaning specified in Section 8.10(a).

"**Person**" means an individual, partnership, corporation (including a business trust), limited

liability company, joint stock company, trust, unincorporated association, joint venture or

other entity, or a government or any political subdivision or agency thereof.

"**Platform**" has the meaning specified in Section 8.2(d)(1).

"**Property, Plant and Equipment**" means any item of real property, or any interest therein,

buildings, improvements and machinery.

"**Proposed Increased Commitment**" has the meaning specified in Section 2.19(c).

"**Protesting Lender**" has the meaning specified in Section 2.22(a).

"**Register**" has the meaning specified in Section 2.20(d).

"**Related Parties**" means, with respect to any Person, such Person's Affiliates and the partners,

directors, officers, employees, agents, trustees, administrators, managers, advisors and

representatives of such Person and of such Person's Affiliates.

"**Relevant Governmental Body**" means the Federal Reserve Board or the Federal Reserve Bank

of New York, or a committee officially endorsed or convened by the Federal Reserve

Board or the Federal Reserve Bank of New York, or any successor thereto.

"**Removal Effective Date**" has the meaning specified in Section 7.6(b).

"**Replacement Lenders**" has the meaning specified in Section 2.21(c).

"**Request for Alteration**" means a document substantially in the form of Exhibit C, duly

executed by TBC, pursuant to Section 2.19.

"**Required Assignment**" has the meaning specified in Section 2.20(a).

"**Resignation Effective Date**" has the meaning specified in Section 7.6(a).

"**Resolution Authority**" means an EEA Resolution Authority or, with respect to any UK

Financial Institution, a UK Resolution Authority.

"**S&P**" means S&P Global Ratings, a division of S&P Global, Inc.

"**Sanctioned Country**" means, at any time, a country, region or territory which is itself the

subject or target of any Sanctions.

"**Sanctioned Person**" means, at any time, (a) any legal Person listed on any Sanctions-related

list of designated Persons maintained by the Office of Foreign Assets Control of the U.S.

Department of the Treasury, the U.S. Department of State, the U.S. Department of

Commerce, the United Nations Security Council, the European Union (including by any

European Union member state) or His Majesty's Treasury of the United Kingdom; and

(b) any Person 50% or more owned or controlled by any such Person or Persons

described in the foregoing clause (a).

"**Sanctions**" means any economic or financial sanctions or trade embargoes imposed,

administered or enforced from time to time by the U.S. government (including those

administered by the Office of Foreign Assets Control of the U.S. Department of the

Treasury, the U.S. Department of State or the U.S. Department of Commerce); the United

Nations Security Council; the European Union (including by any European Union

member state); or His Majesty's Treasury of the United Kingdom.

"**SOFR**" means a rate equal to the secured overnight financing rate as administered by the SOFR

Administrator.

"**SOFR Administrator**" means the Federal Reserve Bank of New York (or a successor

administrator of the secured overnight financing rate).

"**SOFR Advance**" means an Advance that bears interest as provided in Section 2.4(ii).

"**Subsidiary**" means any Person in which more than 50% of the Voting Stock or the interest in

the capital or profits is owned by TBC, by TBC and any one or more other Subsidiaries,

or by any one or more other Subsidiaries.

"**Subsidiary Borrower**" means, individually and collectively, as the context requires, each

Subsidiary that is or becomes a "Borrower" in accordance with Section 2.22; in each

case, unless and until it becomes a "Terminated Subsidiary Borrower".

"**Subsidiary Borrower Termination Event**" has the meaning specified in Section 2.22(c).

"**TBC**" means The Boeing Company, a Delaware corporation.

"**Term Loan**" means a term loan resulting from the conversion of Advances on the Termination

Date pursuant to Section 2.3.

"**Term Loan Conversion Option**" means the option under Section 2.3 for TBC to convert, as of

the Termination Date, all or a part of the Advances then outstanding into Term Loans.

"**Term SOFR**" means,

(a)for any calculation with respect to a SOFR Advance, the Term SOFR Reference

Rate for a tenor comparable to the applicable Interest Period on the day (such day,

the "**Periodic Term SOFR Determination Day**") that is two (2) U.S.

Government Securities Business Days prior to the first day of such Interest

Period, as such rate is published by the Term SOFR Administrator; provided,

<u>however,</u> that if as of 5:00 p.m. (New York City time) on any Periodic Term

SOFR Determination Day the Term SOFR Reference Rate for the applicable tenor

has not been published by the Term SOFR Administrator and a Benchmark

Replacement Date with respect to the Term SOFR Reference Rate has not

occurred, then Term SOFR will be the Term SOFR Reference Rate for such tenor

as published by the Term SOFR Administrator on the first preceding U.S.

Government Securities Business Day for which such Term SOFR Reference Rate

for such tenor was published by the Term SOFR 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 Periodic Term SOFR

Determination Day, and

(b)for any calculation with respect to a Base Rate Advance on any day, the Term

SOFR Reference Rate for a tenor of one month on the day (such day, the "**ABR**

**Term SOFR Determination Day**") that is two (2) U.S. Government Securities

Business Days prior to such day, as such rate is published by the Term SOFR

Administrator; <u>provided</u>, <u>however</u>, that if as of 5:00 p.m. (New York City time)

on any ABR Term SOFR Determination Day the Term SOFR Reference Rate for

the applicable tenor has not been published by the Term SOFR Administrator and

a Benchmark Replacement Date with respect to the Term SOFR Reference Rate

has not occurred, then Term SOFR will be the Term SOFR Reference Rate for

such tenor as published by the Term SOFR Administrator on the first preceding

U.S. Government Securities Business Day for which such Term SOFR Reference

Rate for such tenor was published by the Term SOFR 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 ABR Term

SOFR Determination Day;

<u>provided</u> that if Term SOFR determined as provided above shall ever be less than the Floor, then

Term SOFR shall be deemed to be the Floor.

"**Term SOFR Administrator**" means the CME Group Benchmark Administration Limited

(CBA) (or a successor administrator of the Term SOFR Reference Rate selected by the

Agent in its reasonable discretion).

"**Term SOFR Reference Rate**" means the rate per annum determined by the Agent as the

forward-looking term rate based on SOFR.

"**Terminated Subsidiary Borrower**" means, individually and collectively, as the context

requires, a Subsidiary Borrower that has ceased to be a "Borrower" in accordance with

Section 2.22.

"**Termination Date**" means the earlier to occur of (i) August 24, 2026, as such date may be

extended from time to time pursuant to Section 2.21, and (ii) the date of termination in

whole of the Commitments pursuant to Section 2.8 or Section 6.2.

"**Total Capital**" has the meaning specified in Section 4.2(b).

"**Type**", as to Borrowings, means either Base Rate Advances or SOFR Advances.

"**UK Financial Institution**" means any BRRD Undertaking (as such term is defined under the

PRA Rulebook (as amended from time to time) promulgated by the United Kingdom

Prudential Regulation Authority) or any person falling within IFPRU 11.6 of the FCA

Handbook (as amended from time to time) promulgated by the United Kingdom

Financial Conduct Authority, which includes certain credit institutions and investment

firms, and certain affiliates of such credit institutions or investment firms.

"**UK Resolution Authority**" means the Bank of England or any other public administrative

authority having responsibility for the resolution of any UK Financial Institution.

"**Unadjusted Benchmark Replacement**" means the applicable Benchmark Replacement

excluding the related Benchmark Replacement Adjustment.

"**Unused Commitment**" means, with respect to each Lender, such Lender's Commitment minus

the aggregate principal amount of Advances made by such Lender.

"**U.S. Government Securities Business Day**" means any day except for (a) a Saturday, (b) a

Sunday or (c) a day on which the Securities Industry and Financial Markets Association

recommends that the fixed income departments of its members be closed for the entire

day for purposes of trading in United States government securities.

"**Voting Stock**" means, as to a corporation, all the issued and outstanding capital stock of such

corporation having general voting power, under ordinary circumstances, to elect a

majority of the Board of Directors of such corporation (irrespective of whether or not any

capital stock of any other class or classes shall or might have voting power upon the

occurrence of any contingency).

"**Write-Down and Conversion Powers**" means:

(a)with respect to any EEA Resolution Authority, the write-down and conversion

powers of such EEA Resolution Authority from time to time under the Bail-In

Legislation for the applicable EEA Member Country, which write-down and

conversion powers are described in the EU Bail-In Legislation Schedule; and

(b)with respect to the United Kingdom, any powers of the applicable Resolution

Authority under the Bail-In Legislation to cancel, reduce, modify or change the

form of a liability of any UK Financial Institution or any contract or instrument

under which that liability arises, to convert all or part of that liability into shares,

securities or obligations of that person or any other person, to provide that any

such contract or instrument is to have effect as if a right had been exercised under

it or to suspend any obligation in respect of that liability or any of the powers

under that Bail-In Legislation that are related to or ancillary to any of those

powers.

1.2**Use of Defined Terms; References**. Any defined term used in the plural preceded by the

definite article encompasses all members of the relevant class. Any defined term used in

the singular preceded by "a", "an" or "any" indicates any number of the members of the

relevant class. All references in this Agreement to a Section, Article, Schedule or Exhibit

are to a Section, Article, Schedule or Exhibit of or to this Agreement, unless otherwise

indicated.

1.3**Accounting Terms**. All accounting terms not specifically defined herein shall be

construed in accordance with generally accepted accounting principles consistent with

those applied in the preparation of the audited financial statements referred to in Section

3.1(e).

1.4**Divisions**. For all purposes under this Agreement, in connection with any division or plan

of division under Delaware law (or any comparable event under a different jurisdiction's

laws): (a) if any asset, right, obligation or liability of any Person becomes the asset, right,

obligation or liability of a different Person, then it shall be deemed to have been

transferred from the original Person to the subsequent Person, and (b) if any new Person

comes into existence, such new Person shall be deemed to have been organized on the

first date of its existence by the holders of its equity interests at such time.

1.5**Rates**. The Agent does not warrant or accept responsibility for, and shall not have any

liability with respect to (a) the continuation of, administration of, submission of,

calculation of or any other matter related to the Base Rate, the Term SOFR Reference

Rate or Term SOFR, or any component definition thereof or rates referred to in the

definition thereof, or any alternative, successor or replacement rate thereto (including any

Benchmark Replacement), including whether the composition or characteristics of any

such alternative, successor or replacement rate (including any Benchmark Replacement)

will be similar to, or produce the same value or economic equivalence of, or have the

same volume or liquidity as, the Base Rate, the Term SOFR Reference Rate, Term SOFR

or any other Benchmark prior to its discontinuance or unavailability, or (b) the effect,

implementation or composition of any Conforming Changes. The Agent and its affiliates

or other related entities may engage in transactions that affect the calculation of the Base

Rate, the Term SOFR Reference Rate or Term SOFR, any alternative, successor or

replacement rate (including any Benchmark Replacement) or any relevant adjustments

thereto, in each case, in a manner adverse to the Borrowers. The Agent may select

information sources or services in its reasonable discretion to ascertain the Base Rate, the

Term SOFR Reference Rate, Term SOFR or any other Benchmark, in each case pursuant

to the terms of this Agreement, and shall have no liability to any Borrower, any Lender or

any other person or entity for damages of any kind, including direct or indirect, special,

punitive, incidental or consequential damages, costs, losses or expenses (whether in tort,

contract or otherwise and whether at law or in equity), for any error or calculation of any

such rate (or component thereof) provided by any such information source or service.

**ARTICLE 2**

**Amounts and Terms of the Advances**

2.1**Advances**.

(a)<u>Obligation to Make Advances</u>. Each Lender severally agrees, on the terms and conditions

hereinafter set forth, to make Advances in U.S. dollars to the Borrowers from time to

time on any Business Day during the period from the date hereof until the Termination

Date in an aggregate principal amount at any time outstanding not to exceed such

Lender's Commitment.

(b)<u>Amount of Advances</u>. Each Borrowing shall be in an aggregate amount not less than

$10,000,000 or an integral multiple of $1,000,000 in excess thereof.

(c)<u>Type of Advances</u>. Each Borrowing shall consist of Advances of the same Type made on

the same day by the Lenders ratably according to their respective Commitments. Within

the limits of each Lender's Commitment, the Borrowers may from time to time borrow,

prepay pursuant to Section 2.12, and reborrow under this Section 2.1 and Section 2.2.

2.2**Making Advances**.

(a)<u>Notice of Borrowing</u>. Each Borrowing shall be made on notice, given by a Borrower to

the Agent not later than 1:00 p.m. (New York City time) on the day of the proposed

Borrowing in the case of a Base Rate Borrowing and on the third U.S. Government

Securities Business Day prior to the date of the proposed Borrowing in the case of a

SOFR Borrowing (a "**Notice of Borrowing**"). Each such Notice of Borrowing shall be in

substantially the form of Exhibit B, specifying the requested

(i)date of such Borrowing,

(ii)Type of Advances constituting such Borrowing, and

(iii)aggregate amount of such Borrowing.

Every Notice of Borrowing given by a Subsidiary Borrower must be countersigned by an

authorized representative of TBC, in order to evidence the consent of TBC, in its sole

discretion, to that proposed Borrowing. Upon receipt of a Notice of Borrowing, the Agent

shall promptly give notice to each Lender thereof.

(b)<u>Funding Advances</u>. Each Lender shall, before 3:00 p.m. (New York City time) on the

date of such Borrowing, make available for the account of its Applicable Lending Office

to the Agent at the Agent's Account, in same day funds, such Lender's ratable portion of

such Borrowing. After the Agent's receipt of such funds and upon fulfillment of the

applicable conditions set forth in Article 5, the Agent will make such funds available to

the relevant Borrower at an account specified by such Borrower.

(c)<u>Irrevocable Notice</u>. Each Notice of Borrowing shall be irrevocable and binding. In the

case of any Borrowing that the related Notice of Borrowing specifies is to be composed

of SOFR Advances, the Borrower requesting such Borrowing shall indemnify each

Lender against any loss, cost or expense incurred by such Lender on account of any

failure to fulfill on or before the date specified for such Borrowing in such Notice of

Borrowing the applicable conditions set forth in Article 5, including, without limitation,

any loss (but excluding loss of anticipated profits), cost or expense incurred by reason of

the liquidation or reemployment of deposits or other funds acquired by such Lender to

fund the Advance to be made by such Lender as part of such Borrowing when such

Advance, as a result of such failure, is not made on such date.

(d)<u>Lender's Ratable Portion</u>. Unless the Agent has received notice from a Lender prior to

3:00 p.m. (New York City time) on the day of any Borrowing that such Lender will not

make available to the Agent such Lender's ratable portion of such Borrowing, the Agent

may assume that such Lender has made such portion available to the Agent on the date of

such Borrowing in accordance with subsection (b) of this Section 2.2 and the Agent may,

in reliance upon such assumption, make available to the requesting Borrower on such

date a corresponding amount. If and to the extent that a Lender has not so made such

ratable portion available to the Agent, such Lender and such Borrower shall severally

repay to the Agent forthwith on demand an amount that in the aggregate equals such

corresponding amount together with interest thereon for each day from the date such

amount is made available by the Agent to such Borrower until the date such amount is

repaid to the Agent, at

(i)in the case of such Borrower, the interest rate applicable at the time to Advances

constituting such Borrowing, and

(ii)in the case of such Lender, the Federal Funds Rate.

If such Lender shall repay to the Agent such corresponding amount, such amount so

repaid shall constitute such Lender's Advance as part of such Borrowing for purposes of

this Agreement.

(e)<u>Independent Lender Obligations</u>. The failure of any Lender to make the Advance to be

made by it as part of any Borrowing shall not relieve any other Lender of its obligation, if

any, hereunder to make its Advance on the date of such Borrowing, but no Lender shall

be responsible for the failure of any other Lender to make the Advance to be made by

such other Lender on the date of any Borrowing.

2.3**Conversion to Term Loans, Repayment**. The Borrowers shall, subject to the next

succeeding sentence, repay to the Agent for the ratable account of the Lenders on the

Termination Date the aggregate principal amount of the Advances then outstanding. TBC

may, upon notice given to the Agent not later than 11:00 a.m. (New York City time) on

the second Business Day prior to the Termination Date and upon payment of a fee to the

Agent for the ratable account of the Lenders equal to 1.25% of the aggregate principal

amount of the Advances outstanding on the Termination Date, convert all or a part of the

unpaid principal amount of the Advances outstanding as of the Termination Date into

Term Loans. If this Term Loan Conversion Option is exercised, then, on the Termination

Date, immediately prior to the time when the unpaid principal amount of the Advances

would otherwise be due, the Advances shall automatically convert into Term Loans

which the respective Borrowers shall repay to the Agent for the ratable accounts of the

Lenders on the Maturity Date. The amounts so converted shall be treated for all purposes

of this Agreement as Advances except that after the Termination Date:

(i)the Borrowers may not make any additional borrowings;

(ii)any amounts paid or prepaid may not be reborrowed;

(iii)the amount of each Lender's Commitment shall be equal at all times to the

principal amount of the Term Loans payable to such Lender from time to time;

and

(iv)the provisions of Section 2.19 shall not be effective.

2.4**Interest Rate on Advances**. Each Borrower shall pay interest on the unpaid principal

amount of each of its Advances from the date of such Advance until such principal

amount is paid in full, at the following rates per annum:

(i)during each period in which such Advance is a Base Rate Advance, at a rate per

annum equal at all times to the Base Rate in effect from time to time plus the

Applicable Margin, payable quarterly in arrears on the first day of each January,

April, July and October and on (x) the Termination Date, or (y) if TBC has

exercised the Term Loan Conversion Option, the Maturity Date, and

(ii)during each period in which such Advance is a SOFR Advance, at a rate per

annum equal at all times during each relevant Interest Period for such Advance to

Term SOFR for such Interest Period plus the Applicable Margin, payable on the

last day of each such Interest Period, and on the date such Advance is Converted

or paid in full;

<u>provided</u> that in the event and during the continuance of an Event of Default the

Agent may, and upon the request of the Majority Lenders shall, give notice to the

Borrowers that (x) the Applicable Margin shall immediately increase by 1.0%

above the Applicable Margin then in effect, and, in the case of a SOFR Advance,

such Advance shall automatically convert to a Base Rate Advance at the end of

the Interest Period then in effect for such SOFR Advance and (y) to the fullest

extent permitted by law, the Borrowers shall pay interest on the amount of any

interest, fee or other amount payable hereunder that is not paid when due, from

the date such amount shall be due until such amount shall be paid in full, payable

in arrears on the date such amount shall be paid in full and on demand, at a rate

per annum equal at all times to 1% above the Base Rate; <u>provided</u>, <u>however,</u> that

following acceleration of the Advances pursuant to Section 6.2, the foregoing

described interest shall accrue and be payable hereunder whether or not

previously required by the Agent.

2.5**[Reserved]**.

2.6**[Reserved]**.

2.7**Fees**. TBC agrees to pay to the Agent for the account of each Lender a facility fee

("**Facility Fee**") on such Lender's Commitment, without regard to usage; <u>provided</u> that

no Defaulting Lender shall be entitled to receive any Facility Fee for any period during

which that Lender is a Defaulting Lender except to the extent allocable to the outstanding

principal amount of Advances funded by it (and TBC shall not be required to pay such

fee that otherwise would have been required to have been paid to that Defaulting Lender).

The Facility Fee shall be payable for the periods from the date hereof in the case of each

Lender named in Schedule I, and from the effective date on which any other Lender

becomes party hereto, until the Maturity Date (or such earlier date on which such Lender

ceases to be a party hereto) at the rate per annum equal to the Applicable Percentage.

Facility Fees shall be payable in arrears on each January 1, April 1, July 1 and October 1

during the term of this Agreement and on the Maturity Date. The amount of the Facility

Fee payable on October 1, 2025 and on the Maturity Date shall be prorated based on the

actual number of days elapsed either since the date hereof (in the case of the October 1,

2025 payment) or since the date on which the last payment in respect of the Facility Fee

was made (in the case of the payment made on the Maturity Date). For the avoidance of

doubt, if TBC has exercised the Term Loan Conversion Option, for purposes of

calculating the Facility Fee under this Section 2.7 at any time after the Termination Date,

the amount of the "Commitments" at any time shall equal the amount of the Advances

outstanding at such time.

2.8**Reduction of the Commitments**.

(a)<u>Optional Reductions</u>. TBC shall have the right, upon at least three Business Days' notice

to the Agent, to permanently terminate in whole or permanently reduce ratably in part the

unused portions of the Commitments, <u>provided</u> that each partial reduction shall be in a

minimum amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereof.

(b)<u>Mandatory Reduction</u>. At the close of business on the Termination Date, the aggregate

Commitments shall be automatically and permanently reduced, on a pro rata basis, by an

amount equal to the amount by which the aggregate Commitments immediately prior to

giving effect to such reduction exceed the aggregate unpaid principal amount of the

Advances then outstanding.

2.9**[Reserved]**.

2.10**SOFR Determination**.

(a)<u>Methods to Determine SOFR</u>. The Agent shall determine Term SOFR for each SOFR

Advance by using the methods described in the definition of the term "Term SOFR," and

shall give prompt notice to the relevant Borrowers and the Lenders of each such

determination.

(b)[Reserved].

(c)<u>Inadequate or Unavailable SOFR</u>. If, with respect to any SOFR Advances (i) the Majority

Lenders notify the Agent that SOFR for any Interest Period for such Advances will not

adequately reflect the cost to such Majority Lenders of making, funding or maintaining

their respective SOFR Advances for such Interest Period or (ii) the sources used to

determine Term SOFR hereunder (including, without limitation, any of the screen pages

specified herein or any of the substitute or successor pages thereto) are unavailable and a

Benchmark Transition Event has not occurred, the Agent shall forthwith so notify the

relevant Borrowers and the Lenders, whereupon

(i)each such SOFR Advance will automatically, on the last day of the then existing

Interest Period therefor, Convert into a Base Rate Advance, and

(ii)the obligation of the Lenders to make, or to Convert Base Rate Advances into,

SOFR Advances shall be suspended until the Agent notifies the Borrowers and

the Lenders that the circumstances causing such suspension no longer exist.

2.11**Voluntary Conversion of Advances; Continuation of Advances**. (a) Subject to the

provisions of Sections 2.10 and 2.15, any Borrower may Convert all such Borrower's

Advances of one Type constituting the same Borrowing into Advances of the other Type

on any Business Day, upon notice given to the Agent not later than 11:00 a.m. (New

York City time) on the third U.S. Government Securities Business Day prior to the date

of the proposed Conversion; <u>provided</u>, <u>however,</u> that the Conversion of a SOFR Advance

into a Base Rate Advance may be made on, and only on, the last day of an Interest Period

for such SOFR Advance. Each such notice of a Conversion shall, within the restrictions

specified above, specify

(i)the date of such Conversion, and

(ii)the Advances to be Converted.

(b) <u>Continuation</u>. Subject to the provisions of Sections 2.10 and 2.15, the Borrower may

continue SOFR Advances upon notice given to the Agent not later than 11:00 a.m. (New

York City time) on the third U.S. Government Securities Business Day prior to the last

day of the applicable Interest Period. Each such notice of a conversion shall, within the

restrictions specified above, specify

(i)the applicable Interest Period selected, and

(ii)the Advances to be continued.

If no notice of continuation is given to the Agent before the end of an Interest Period as

set forth above, the applicable SOFR Advances shall automatically be continued for an

Interest Period of one month's duration.

2.12**Prepayments**. Any Borrower shall have the right at any time and from time to time, upon

prior written notice from such Borrower to the Agent, to prepay its outstanding principal

obligations with respect to its Advances in whole or ratably in part (except as provided in

Section 2.15 or 2.19), <u>provided</u> that every notice of prepayment given by a Subsidiary

Borrower must be countersigned by an authorized representative of TBC, in order to

evidence the consent of TBC, in its sole discretion, to that prepayment. Such prepaying

Borrower may be obligated to make certain prepayments of obligations with respect to

one or more Advances subject to and in accordance with this Section 2.12.

(a)<u>Base Rate Borrowings Prepayments</u>. With respect to Base Rate Borrowings, such

prepayment shall be without premium or penalty, upon notice given to the Agent, and

shall be made not later than 11:00 a.m. (New York City time) on the date of such

prepayment. The applicable Borrower shall designate in such notice the amount and date

of such prepayment. Accrued interest on the amount so prepaid shall be payable on the

first Business Day of the calendar quarter next following the prepayment. The minimum

amount of Base Rate Borrowings which may be prepaid on any occasion shall be

$10,000,000 or an integral multiple of $1,000,000 in excess thereof or, if less, the total

amount of Base Rate Advances then outstanding for that Borrower.

(b)<u>SOFR Borrowings Prepayments</u>. With respect to SOFR Borrowings, such prepayment

shall be made on at least three U.S. Government Securities Business Days' prior written

notice to the Agent not later than 11:00 a.m. (New York City time), and if such notice is

given the applicable Borrower shall prepay the outstanding principal amount of the

Advances constituting part of the same Borrowing in whole or ratably in part, together

with accrued interest to the date of such prepayment on the principal amount prepaid. The

minimum amount of SOFR Borrowings which may be prepaid on any occasion shall be

$10,000,000 or an integral multiple of $1,000,000 in excess thereof or, if less, the total

amount of SOFR Advances then outstanding for that Borrower.

(c)<u>Additional Prepayment Payments</u>. The prepaying Borrower shall, on the date of the

prepayment of any SOFR Advances, pay to the Agent for the account of each Lender

interest accrued to such date of prepayment on the principal amount prepaid plus, in the

case only of a prepayment on any date which is not the last day of an applicable Interest

Period, any amounts which may be required to compensate such Lender for any losses or

out-of-pocket costs or expenses (including any loss, cost or expense incurred by reason of

the liquidation or reemployment of deposits or other funds, but excluding loss of

anticipated profits) incurred by such Lender as a result of such prepayment, <u>provided</u> that

such Lender shall exercise reasonable efforts to minimize any such losses, costs and

expenses.

(d)<u>SOFR Advance Prepayment Expense</u>. If, due to the acceleration of any of the Advances

pursuant to Section 6.2(b), an assignment, repayment or prepayment under Section 2.19,

2.20 or 2.21 or otherwise, any Lender receives payment of its portion of, or is subject to

any Conversion from, any SOFR Advance on any day other than the last day of an

Interest Period with respect to such Advance, the relevant Borrowers shall pay to the

Agent for the account of such Lender any amounts which may be payable to such Lender

by such Borrower by reason of payment on such day as provided in Section 2.12(c).

2.13**Increases in Costs**.

(a)Costs from Law or Authorities. If, due to either

(1)the introduction of, or any change in, or new interpretation of, any law or

regulation effective at any time and from time to time on or after the date hereof,

or

(2)the compliance with any guideline or the request from or by any central bank or

other governmental authority (whether or not having the force of law),

there is an increase in the cost incurred by a Lender in agreeing to make or making,

funding or maintaining any Advance then or at any time thereafter outstanding (excluding

for purposes of this Section 2.13 any such increased costs resulting from (i) Taxes or

Other Taxes (as to which Section 2.14 shall govern), (ii) changes in the basis of taxation

of overall net income or overall gross income by the United States or by the foreign

jurisdiction or state under the laws of which such Lender is organized or has its

Applicable Lending Office (or any political subdivision thereof) and (iii) FATCA), then

TBC shall from time to time, upon demand of such Lender (with a copy of such demand

to the Agent), pay to the Agent for the account of such Lender such amounts as are

required to compensate such Lender for such increased cost, <u>provided</u> that such Lender

shall exercise reasonable efforts (consistent with its internal policy and legal and

regulatory restrictions) to minimize any such increased cost and <u>provided further</u> that the

Borrowers shall not be required to pay any such compensation with respect to any period

prior to the 90th day before the date of any such demand, unless such introduction,

change, compliance or request shall have retroactive effect to a date prior to such 90<sup>th</sup>

day. A certificate as to the amount of such increase in cost, submitted to the relevant

Borrowers and the Agent by such Lender, shall be conclusive and binding for all

purposes under this Section 2.13(a), absent manifest error.

(b)<u>Increased Capital Requirements</u>. If any Lender determines that compliance with any law

or regulation or any guidelines or request from any central bank or other governmental

authority (whether or not having the force of law) which is enacted, adopted or issued at

any time and from time to time after the date hereof affects or would affect the amount of

capital or liquidity required or expected to be maintained by such Lender (or any

corporation controlling such Lender) and that the amount of such capital or liquidity is

increased by or based upon the existence of such Lender's Commitment and other

commitments of this type, then, upon demand by such Lender (with a copy of such

demand to the Agent), the Borrowers shall immediately pay to the Agent for the account

of such Lender, from time to time as specified by such Lender, additional amounts

sufficient to compensate such Lender in the light of such circumstances, to the extent that

such Lender reasonably determines such increase in capital or liquidity to be allocable to

the existence of such Lender's Commitment, <u>provided</u> that such Lender shall exercise

reasonable efforts (consistent with its internal policy and legal and regulatory restrictions)

to minimize any such compensation payable by the Borrowers hereunder and <u>provided</u>

<u>further</u> that the Borrowers shall not be required to pay any such compensation with

respect to any period prior to the 90th day before the date of any such demand, unless

such introduction, change, compliance or request shall have retroactive effect to a date

prior to such 90<sup>th</sup> day. A certificate as to such amounts submitted to the relevant

Borrowers and the Agent by such Lender, shall be conclusive and binding for all

purposes, absent manifest error.

(c)<u>Borrower Rights Upon Cost Increases</u>. Upon receipt of notice from any Lender claiming

compensation pursuant to this Section 2.13 or Section 2.14 and as long as no Default has

occurred and is continuing, TBC shall have the right, on or before the 30th day after the

date of receipt of any such notice,

(i)to arrange for one or more Lenders or other commercial banks to assume the

Commitment of such Lender; subject, however, to payment to the Agent by the

assignor or the assignee of a processing and recording fee of $3,500, in the event

the assuming lender is not a Lender; or

(ii)to arrange for the Commitment of such Lender to be terminated and all Advances

owed to such Lender to be prepaid;

and, in either case, subject to payment in full of all principal, accrued and unpaid interest,

fees and other amounts payable under this Agreement and then owing to such Lender

immediately prior to the assignment or termination of the Commitment of such Lender.

(d)For the avoidance of doubt, this Section 2.13 shall apply to all requests, rules, guidelines

or directives concerning increased costs and capital adequacy or liquidity (i) issued in

connection with the Dodd-Frank Wall Street Reform and Consumer Protection Act and

(ii) 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, regardless of the date

enacted, adopted or issued.

2.14**Taxes**.

(a)<u>Exclusion and Inclusion of Taxes</u>. Any and all payments by each Borrower hereunder or

with respect to any Advances or under any Notes shall be made, in accordance with

Section 2.16, free and clear of and without deduction for any and all present or future

taxes, levies, imposts, deductions, charges or withholdings, and all liabilities with respect

thereto, <u>excluding</u> (i) in the case of each Lender and the Agent, taxes that are imposed on

its overall net income by the United States and taxes that are imposed on its overall net

income (and franchise taxes imposed in lieu thereof) by the state or foreign jurisdiction

under the laws of which such Lender or the Agent (as the case may be) is organized or

any political subdivision thereof and, in the case of each Lender, taxes that are imposed

on its overall net income (and franchise taxes imposed in lieu thereof) by the state or

foreign jurisdiction of such Lender's Applicable Lending Office or any political

subdivision thereof and (ii) any United States withholding tax imposed under FATCA (all

such non-excluded taxes, levies, imposts, deductions, charges, withholdings and

liabilities in respect of payments hereunder or with respect to any Advances or under any

Notes, hereinafter referred to as "**Taxes**"). If any Borrower shall be required by law to

deduct any Taxes from or in respect to any sum payable hereunder or with respect to any

Advances or under any Note to any Lender or the Agent, (i) the sum payable shall be

increased as may be necessary so that after making all required deductions (including

deductions applicable to additional sums payable under this Section 2.14) such Lender or

the Agent (as the case may be) receives an amount equal to the sum it would have

received had no such deductions been made, (ii) such Borrower shall make such

deductions and (iii) such Borrower shall pay the full amount deducted to the relevant

taxation authority or other authority in accordance with applicable law.

(b)<u>Payment of Other Taxes</u>. In addition, each Borrower shall pay any present or future

stamp, documentary, excise, property or similar taxes, charges, or levies that arise from

any payment made hereunder or with respect to any Advances and under any Notes or

from the execution, delivery or registration of, performance under, or otherwise with

respect to, this Agreement or any Notes ("**Other Taxes**").

(c)<u>Indemnification as to Taxes</u>. Each Borrower shall indemnify each Lender and the Agent

for and hold it harmless against the full amount of Taxes and Other Taxes (including

Taxes and Other Taxes imposed on amounts payable under this Section 2.14), imposed

on or paid by such Lender or the Agent (as the case may be) and any liability (including

penalties, interest and expenses) arising therefrom or with respect thereto. This

indemnification shall be made within 30 days from the date such Lender or the Agent (as

the case may be) makes written demand therefor.

(d)<u>Evidence of or Exemption from Taxes</u>. Within 30 days after the date of any payment of

Taxes, the Borrower which paid such Taxes shall furnish to the Agent, at its address

referred to in Section 8.2, the original or a certified copy of a receipt evidencing such

payment. In the case of any payment hereunder or with respect to the Advances or under

any Notes by or on behalf of any Borrower through an account or branch outside the

United States or by or on behalf of any Borrower by a payor that is not a United States

person, if the applicable Borrower determines that no taxes are payable in respect thereof,

such Borrower shall furnish, or shall cause such payor to furnish, to the Agent, at such

address, an opinion of counsel or other supporting documentation acceptable to the Agent

stating that such payment is exempt from Taxes. For purposes of this subsection (d) and

subsection (e), the terms "**United States**" and "**United States person**" have the meanings

specified in Section 7701 of the Internal Revenue Code.

(e)<u>Status of Lenders</u>. For purposes of this Section 2.14(e), the term "Lender" includes the

Agent.

(i)Each Lender organized under the laws of a jurisdiction outside the United States

shall, on or prior to the date of its execution and delivery of this Agreement (in the

case of each Lender listed in Schedule I), and from the date on which any other

Lender becomes a party hereto (in the case of each other Lender), and from time

to time thereafter as requested in writing by TBC (but only so long thereafter as

such Lender remains lawfully able to do so), provide each of the Agent and TBC

with two copies of Internal Revenue Service forms W-8BEN, W-8BEN-E,

W-8IMY, or W-8ECI, as appropriate, or any successor form prescribed by the

Internal Revenue Service, to establish that such Lender is not subject to, or is

entitled to a reduced rate of, United States withholding tax on payments pursuant

to this Agreement or with respect to any Advances or any Notes. If the forms

provided by a Lender at the time such Lender first becomes a party to this

Agreement indicates a United States interest withholding tax rate in excess of

zero, withholding tax at such rate shall be considered excluded from Taxes unless

and until such Lender provides the appropriate form certifying that a lower rate

applies, whereupon withholding tax at such lower rate only shall be considered

excluded from Taxes for periods governed by such form; provided, <u>however</u>, that,

if at the date on which a Lender becomes a party to this Agreement, the Lender

assignor was entitled to payments under subsection 2.14(a) in respect of United

States withholding tax with respect to interest paid at such date, then, to such

extent, the term Taxes shall include (in addition to withholding taxes that may be

imposed in the future or other amounts otherwise includable in Taxes) United

States withholding tax, if any, applicable with respect to the Lender assignee on

such date. If any form or document referred to in this subsection 2.14(e) requires

the disclosure of information, other than information necessary to compute the tax

payable and information required on the date hereof by Internal Revenue Service

form W-8BEN, W-8BEN-E, W-8IMY, or W-8ECI, that the Lender reasonably

considers to be confidential, the Lender shall give notice thereof to the relevant

Borrowers and shall not be obligated to include in such form or document

confidential information.

(ii)Each Lender that is a United States person shall deliver to TBC and the Agent on

or prior to the date on which such Lender becomes a Lender under this Agreement

(and from time to time thereafter upon the reasonable request of TBC or the

Agent), executed copies of Internal Revenue Service forms W-9 certifying that

such Lender is exempt from United States federal backup withholding tax.

(iii)If a payment made to a Lender would be subject to United States federal

withholding tax imposed by FATCA if such Lender were to fail to comply with

the applicable reporting requirements of FATCA (including those contained in

Section 1471(b) or 1472(b) of the Internal Revenue Code, as applicable), such

Lender shall deliver to TBC, at the time or times prescribed by law and at such

time or times reasonably requested in writing by TBC, such documentation

prescribed by applicable law (including as prescribed by Section 1471(b)(3)(C)(i)

of the Internal Revenue Code) and such additional documentation reasonably

requested in writing by TBC as may be necessary for each Borrower to comply

with its obligations under FATCA, to determine that such Lender has complied

with such Lender's obligations under FATCA or to determine the amount to

deduct and withhold from such payment. For purposes of this Section 2.14(e)(iii)

FATCA shall include any Treasury regulations or interpretations thereof.

(f)<u>Lender Failure to Provide IRS Forms</u>. For any period with respect to which any Lender

has failed to provide TBC with the appropriate form described in subsection 2.14(e)

(other than if such failure is due to a change in law occurring after the date on which a

form originally was required to be provided or if such form otherwise is not required

under subsection 2.14(e)), such Lender shall not be entitled to indemnification under

subsection (a) or (c) with respect to Taxes imposed by the United States by reason of

such failure; <u>provided</u>, <u>however</u>, that should a Lender become subject to Taxes because of

its failure to deliver a form required hereunder, TBC shall take such steps as such Lender

shall reasonably request to assist such Lender to recover such Taxes.

(g)<u>Treatment of Certain Refunds</u>. If the Agent or a Lender determines, in its sole discretion,

that it has received a refund of any Taxes or Other Taxes as to which it has been

indemnified by a Borrower or with respect to which a Borrower has paid additional

amounts pursuant to this Section 2.14, it shall pay to such Borrower an amount equal to

such refund (but only to the extent of indemnity payments made, or additional amounts

paid, by such Borrower under this Section with respect to the Taxes or Other Taxes

giving rise to such refund), net of all out-of-pocket expenses of the Agent or such Lender,

as the case may be, and without interest (other than any interest paid by the relevant

governmental authority with respect to such refund), provided that such Borrower, upon

the request of the Agent or such Lender agrees to repay the amount paid over to such

Borrower (plus any penalties, interest or other charges imposed by the relevant

governmental authority) to the Agent or such Lender in the event the Agent or such

Lender is required to repay such refund to such governmental authority. This paragraph

shall not be construed to require the Agent or any Lender to make available its tax returns

(or any other information relating to its taxes that it deems confidential) to any Borrower

or any other Person.

2.15**Illegality**. If any Lender shall notify the Agent that either

(a)there is any introduction of, or change in or in the interpretation of, any law or regulation

that in the opinion of counsel for such Lender in the relevant jurisdiction makes it

unlawful, or

(b)any central bank or other governmental authority asserts that it is unlawful

for such Lender to continue to fund or maintain any SOFR Advances or to perform its

obligations hereunder with respect to SOFR Advances hereunder, then, upon the issuance

of such opinion of counsel or such assertion by a central bank or other governmental

authority, the Agent shall give notice of such opinion or assertion to the Borrowers

(accompanied by such opinion, if applicable). The Borrowers shall forthwith (or at the

end of the then-current Interest Period if the SOFR Advances may be lawfully maintained

as SOFR Advances until then) either

(i)prepay in full all SOFR Advances made by such Lender, with accrued interest

thereon or

(ii)Convert each such SOFR Advance made by such Lender into a Base Rate

Advance.

Upon such prepayment or Conversion, the obligation of such Lender to make SOFR

Advances, or to Convert Advances into SOFR Advances, shall be suspended until the

Agent shall notify the Borrowers that the circumstances causing such suspension no

longer exists.

2.16**Payments and Computations**.

(a)<u>Time and Distribution of Payments</u>. The Borrowers shall make each payment hereunder

and with respect to any Advances or under any Notes, without counterclaim or setoff, not

later than 11:00 a.m. (New York City time) on the day when due in U.S. dollars to the

Agent at the Agent's Account in same day funds. The Agent shall promptly thereafter

cause to be distributed like funds relating to the payment of principal or interest or fees

ratably (other than amounts payable pursuant to Section 2.13, 2.14, 2.15 or 2.19) to the

Lenders for the account of their respective Applicable Lending Offices, and like funds

relating to the payment of any other amount payable to any Lender to such Lender for the

account of its Applicable Lending Office, in each case to be applied in accordance with

the terms of this Agreement. From and after the effective date of an assignment pursuant

to Section 2.20, the Agent shall make all payments hereunder and with respect to any

Advances or under any Notes in respect of the interest assigned thereby to the Lender

assignee thereunder, and the parties to such assignment shall make all appropriate

adjustments in such payments for the periods prior to such effective date directly between

themselves.

(b)<u>Computation of Interest and Fees</u>. All computations of interest based on clause (a) of the

definition of Base Rate shall be made by the Agent on the basis of a year of 365 or 366

days, as the case may be. All computations of interest based on SOFR, the Federal Funds

Rate or clause (c) of the definition of Base Rate and of Facility Fees shall be made by the

Agent on the basis of a year of 360 days, in each case for the actual number of days

(including the first day but excluding the last day) occurring in the period for which such

interest or fees are payable. Each determination by the Agent of an interest rate hereunder

shall be conclusive and binding for all purposes, absent manifest error.

(c)<u>Payment Due Dates</u>. Whenever any payment hereunder or with respect to any Advances

or under any Notes shall be stated to be due on a day other than a Business Day, such

payment shall be made on the next succeeding Business Day, and such extension of time

shall in such case be included in the computation of payment of interest or fee, as the case

may be, but not later than the Termination Date or, if the Term Loan Conversion Option

has been exercised, the Maturity Date; <u>provided</u>, <u>however</u>, if such extension would cause

payment of interest on or principal of SOFR Advances to be made in the next following

calendar month, such payment shall be made on the immediately preceding Business

Day.

(d)<u>Presumption of Borrower Payment</u>. Unless the Agent receives notice from a Borrower

prior to the date on which any payment is due to any Lenders hereunder that such

Borrower will not make such payment in full, the Agent may assume that such Borrower

has made such payment in full to the Agent on such date and the Agent may, in reliance

upon such assumption, cause to be distributed to each such Lender on such due date an

amount equal to the amount then due such Lender. If and to the extent that such Borrower

has not made such payment in full to the Agent, each such Lender shall repay to the

Agent forthwith on demand such amount distributed to such Lender together with interest

thereon, for each day from the date such amount is distributed to such Lender until the

date such Lender repays such amount to the Agent, at the Federal Funds Rate.

2.17**Sharing of Payments, Etc**. If any Lender shall, by exercising any right of setoff or

counterclaim or otherwise, obtain payment in respect of any principal of or interest on

any of its Advances or other obligations hereunder resulting in such Lender receiving

payment of a proportion of the aggregate amount of its Advances and accrued interest

thereon or other such obligations greater than its pro rata share thereof as provided herein,

then the Lender receiving such greater proportion shall (a) notify the Agent of such fact,

and (b) purchase (for cash at face value) participations in the Advances and such other

obligations of the other Lenders, or make such other adjustments as shall be equitable, so

that the benefit of all such payments shall be shared by the Lenders ratably in accordance

with the aggregate amount of principal of and accrued interest on their respective

Advances and other amounts owing them; <u>provided</u> that:

(i)if any such participations are purchased and all or any portion of the payment

giving rise thereto is recovered, such participations shall be rescinded and the

purchase price restored to the extent of such recovery, without interest; and

(ii)the provisions of this paragraph shall not be construed to apply to (x) any payment

made by any Borrower pursuant to and in accordance with the express terms of

this Agreement (including the application of funds arising from the existence of a

Defaulting Lender), or (y) any payment obtained by a Lender as consideration for

the assignment of or sale of a participation in any of its Advances to any assignee

or participant, other than to a Borrower or any Subsidiary thereof (as to which the

provisions of this paragraph shall apply).

Each Borrower consents to the foregoing and agrees, to the extent it may effectively do

so under applicable law, that any Lender acquiring a participation pursuant to the

foregoing arrangements may exercise against such Borrower rights of setoff and

counterclaim with respect to such participation as fully as if such Lender were a direct

creditor of such Borrower in the amount of such participation.

2.18**Evidence of Debt**.

(a)<u>Lender Records; If Notes Required</u>. Each Lender shall maintain in accordance with its

usual practice an account or accounts evidencing the indebtedness of each Borrower to

such Lender resulting from each Advance owing to such Lender from time to time,

including the amounts of principal and interest payable and paid to such Lender from

time to time hereunder in respect of Advances. Each Borrower shall, upon notice by any

Lender to such Borrower (with a copy of such notice to the Agent) to the effect that a

Note is required or appropriate in order for such Lender to evidence (whether for

purposes of pledge, enforcement or otherwise) the Advances owing to, or to be made by,

such Lender, such Borrower shall promptly execute and deliver to such Lender a Note

payable to the order of such Lender in a principal amount up to the Commitment of such

Lender.

(b)<u>Record of Borrowings, Payables and Payments</u>. The Register maintained by the Agent

pursuant to Section 2.20(d) shall include a control account, and a subsidiary account for

each Lender, in which accounts (taken together) shall be recorded

(i)the date and amount of each Borrowing made hereunder to each Borrower, the

Type of Advances constituting such Borrowing and, if appropriate, the Interest

Period applicable thereto,

(ii)the terms of each assignment pursuant to Section 2.20,

(iii)the amount of any principal or interest due and payable or to become due and

payable from each Borrower to each Lender hereunder, and

(iv)the amount of any sum received by the Agent from a Borrower hereunder and

each Lender's share thereof.

(c)<u>Evidence of Payment Obligations</u>. Entries made in good faith by the Agent in the

Register pursuant to subsection (b) above, and by each Lender in its account or accounts

pursuant to subsection (a) above, shall be <u>prima facie</u> evidence of the amount of principal

and interest due and payable or to become due and payable from a Borrower to, in the

case of the Register, each Lender and, in the case of such account or accounts, such

Lender, under this Agreement, absent manifest error; <u>provided</u>, <u>however</u>, that the failure

of the Agent or such Lender to make an entry, or any finding that an entry is incorrect, in

the Register or such account or accounts shall not limit or otherwise affect the obligations

of the Borrowers under this Agreement.

2.19**Alteration of Commitments and Addition of Lenders**.

(a)<u>Alter Lender Commitment</u>. By a written agreement executed only by TBC, the Agent and

the affected Lender and any non-party lender involved,

(i)the Commitment of such affected Lender may be increased to the amount set forth

in such agreement;

(ii)such non-party lender may be added as a Lender with a Commitment as set forth

in such agreement, <u>provided</u> that such lender agrees to be bound by all the terms

and provisions of this Agreement; and

(iii)the unused portion of the Commitment of such affected Lender may be reduced or

terminated and the Advances owing to such Lender may be prepaid in whole or in

part, all as set forth in such agreement.

(b)<u>Conditions to Alteration</u>. The Agent may execute any such agreement without the prior

consent of any Lender other than the Lender affected, <u>provided, however,</u> that if at the

time the Agent proposes to execute such agreement either (A) TBC's long-term senior

unsecured debt is rated by any two of S&P, Moody's and Fitch, lower than BBB- by

S&P, lower than Baa3 by Moody's or lower than BBB- by Fitch or (B) a Default has

occurred and is continuing, then the Agent shall not execute any such agreement unless it

has first obtained the prior written consent of the Majority Lenders, and <u>provided further</u>

that the Agent shall not execute any such agreement without the prior written consent of

the Majority Lenders if such agreement would increase the total of the Commitments to

an amount in excess of $3,000,000,000 or, pursuant to Section 2.19(c), $4,000,000,000.

(c)<u>Increase Total Commitment</u>. The Company has the right to increase the total of the

Commitments through a **Request for Alteration**, in minimum increments of $5,000,000,

up to a maximum aggregate of Commitments of $4,000,000,000, <u>provided</u> that, in

addition to the requirements specified in Section 2.19(b), at the time of and after giving

effect to an increase, TBC's long-term senior unsecured non-credit-enhanced debt ratings

from any two of S&P, Moody's and Fitch are better than or equal to BBB-, Baa3 and

BBB-, respectively. The Company may offer the proposed increase (the "**Proposed**

**Increased Commitment**") to such Lender(s) or third party financial institutions

acceptable to the Agent ("**New Lenders**") as the Company may select, provided that

(i)such selected Lender(s) and such New Lender(s) shall have the right, but no

obligation, to increase (or establish) its Commitment, by giving notice thereof to

the Agent, to all or a portion of the Proposed Increased Commitment, allocations

to be at the sole discretion of the Company, and

(ii)that the minimum commitment of each New Lender equals or exceeds

$25,000,000.

(d)<u>Request for Alteration</u>. The Agent shall give each Lender prompt notice of any such

agreement becoming effective. All requests for Lender consent under the provisions of

this Section 2.19 shall specify the date upon which any such increase, addition, reduction,

termination, or prepayment shall become effective (the "**Effective Date**") and shall be

made by means of a **Request for Alteration** substantially in the form as set forth in

Exhibit C. On the Effective Date on which the Commitment of any Lender is increased,

decreased, terminated or created or on which prepayment is made, all as described in

such Request for Alteration, the Borrowers or such Lender, as the case may be, shall

make available to the Agent not later than 12:30 p.m. (New York City time) on such date,

in same day funds, the amount, if any, which may be required (and the Agent shall

distribute such funds received by it to the Borrowers or to such Lenders, as the case may

be) so that at the close of business on such date the sum of the Advances of each Lender

then outstanding shall be in the same proportion to the total of the Advances of all the

Lenders then outstanding as the Commitment of such Lender is to the total of the

Commitments. The Agent shall give each Lender notice of the amount to be made

available by, or to be distributed to, such Lender at least three Business Days before such

payment is made.

2.20**Assignments; Sales of Participations and Other Interests in Advances**.

(a)<u>Assignment of Lender Obligations</u>. From time to time each Lender may, with the prior

written consent of TBC (so long as no Event of Default has occurred and is continuing)

and subject to the qualifications set forth below, assign to one or more Lenders or an

Eligible Assignee all or any portion of its rights and obligations under this Agreement

(including, without limitation, all or a portion of its Commitment, the Advances owing to

it and the Note, if any, held by it) and will, at any time, if arranged by the Company

pursuant to clause (i)(A) below upon at least 30 days' notice to such Lender and the

Agent, assign to one or more Eligible Assignees all of its rights and obligations under this

Agreement (including without limitation, all of its Commitment, the Advances owing to

it and the Note, if any, held by it); subject to the following:

(i)If such Lender notifies TBC and the Agent of its intent to request the consent of

TBC to an assignment, or if any Lender is a Defaulting Lender, TBC shall have

the right, for 30 days after receipt of such notice or notice from the Agent that

such Lender is a Defaulting Lender, as the case may be, and so long as no Event

of Default has occurred and is continuing, in its sole discretion either (A) to

arrange for one or more Eligible Assignees to accept such assignment or, in the

case of a Defaulting Lender, an assignment of all of such Lender's Advances and

Commitment (a "**Required Assignment**") or (B) other than in the case of a

Defaulting Lender, to arrange for the rights and obligations of such Lender

(including, without limitation, such Lender's Commitment), and the total

Commitments, to be reduced by an amount equal to the amount of such Lender's

Commitment proposed to be assigned and, in connection with such reduction, to

prepay that portion of the Advances owing to such Lender which it proposes to

assign;

(ii)If TBC fails to notify such Lender within 30 days of TBC's receipt of such

Lender's request for consent to assignment, the Borrowers shall be deemed to

consent to the proposed assignment;

(iii)Any such assignment shall not require any Borrower to file a registration

statement with the Securities and Exchange Commission or apply to qualify the

interests in the Advances under the blue sky laws of any state and the assigning

Lender shall otherwise comply with all federal and state securities laws applicable

to such assignment;

(iv)Unless TBC consents, the amount of the Commitment of the assigning Lender

being assigned pursuant to any such assignment (determined as of the date of the

assignment) shall either (A) equal 50% of all such rights and obligations (or 100%

in the case of a Required Assignment) or (B) not be less than $5,000,000 or an

integral multiple of $1,000,000 in excess thereof;

(v)Unless either (x) TBC consents or (y) an Event of Default has occurred and is

continuing, the aggregate amount of the Commitment assigned pursuant to all

such assignments of such Lender (after giving effect to such assignment) shall in

no event exceed 50% (except in the case of a Required Assignment) of all such

Lender's Commitment (as set forth in Schedule I, in the case of each Lender that

is a party hereto as of August 25, 2025, or as set forth in the Register as the

aggregate Commitment assigned to such Lender pursuant to one or more

assignments, in the case of any assignee);

(vi)No Lender shall be obligated to make a Required Assignment unless such Lender

has received payments in an aggregate amount at least equal to the outstanding

principal amount of all Advances being assigned, together with accrued interest

thereon to the date of payment of such principal amount and all other amounts

payable to such Lender under this Agreement (including without limitation

Section 2.12(c), <u>provided</u> that such Lender shall receive its pro rata share of the

Facility Fee on the next date on which the Facility Fee is payable); and

(vii)In connection with any assignment of rights and obligations of any Defaulting

Lender hereunder, no such assignment shall be effective unless and until, in

addition to the other conditions thereto set forth herein, the parties to the

assignment shall make such additional payments to the Agent in an aggregate

amount sufficient, upon distribution thereof as appropriate (which may be outright

payment, purchases by the assignee of participations, or other compensating

actions, including funding, with the consent of TBC, the applicable pro rata share

of Advances previously requested but not funded by the Defaulting Lender, to

each of which the applicable assignee and assignor hereby irrevocably consent),

to (x) pay and satisfy in full all payment liabilities then owed by such Defaulting

Lender to the Agent and each other Lender hereunder (and interest accrued

thereon), and (y) acquire (and fund as appropriate) its full pro rata share of all

Advances with its ratable portion. Notwithstanding the foregoing, in the event that

any assignment of rights and obligations of any Defaulting Lender hereunder shall

become effective under applicable law without compliance with the provisions of

this paragraph, then the assignee of such interest shall be deemed to be a

Defaulting Lender for all purposes of this Agreement until such compliance

occurs and except to the extent otherwise expressly agreed by the affected parties

and subject to Section 8.16, no assignment by a Defaulting Lender will constitute

a waiver or release of any claim of any party hereunder arising from that Lender's

having been a Defaulting Lender.

(b)<u>Effect of Lender Assignment</u>. From and after the effective date of any assignment

pursuant to Section 2.20(a), (i) the assignee thereunder shall be a party hereto and, to the

extent that rights and obligations hereunder have been assigned to it pursuant to such

assignment, it shall have the rights and obligations of a Lender hereunder and (ii) the

Lender assignor thereunder shall, to the extent that rights and obligations hereunder have

been assigned by it pursuant to such assignment, relinquish its rights (other than its rights

under Section 2.13, 2.14, 2.19 or 8.3 to the extent any claim thereunder relates to an event

arising prior to such assignment) and be released from its obligations under this

Agreement (and, in the case of an assignment covering all or the remaining portion of an

assigning Lender's rights and obligations under this Agreement, such Lender shall cease

to be a party hereto).

(c)<u>Security Interest; Assignment to Lender Affiliate</u>. Notwithstanding Section 2.20(a) or any

other provision in this Agreement, any Lender may, upon prior or contemporaneous

notice to TBC and the Agent, at any time (i) create a security interest in all or any portion

of its rights under this Agreement (including without limitation, the Advances owing to it

and the Notes held by it, if any) to secure obligations of such Lender, including in favor

of any Federal Reserve Bank in accordance with Regulation A of the Board of Governors

of the Federal Reserve System or any other governmental agency or instrumentality, and

(ii) assign all or any portion of its rights and obligations under this Agreement (including,

without limitation, all or a portion of its Commitment, the Advances owing to it and the

Note held by it, if any) to an Affiliate of such Lender <u>unless</u> the result of such an

assignment would be to increase the cost to any Borrowers of requesting, borrowing,

continuing, maintaining, paying or converting any Advances.

(d)<u>Agent's Register</u>. The Agent, acting solely for this purpose as a non-fiduciary agent of

the Borrower, shall maintain at its address referred to in Section 8.2 a copy of each

assignment delivered to and accepted by it and a register for the recordation of the names

and addresses of the Lenders and the Commitment of, and principal amount of the

Advances of each Borrower owing to, each Lender from time to time (the "**Register**").

The entries in the Register shall be conclusive and binding for all purposes, absent

manifest error, and the Borrowers, the Agent and the Lenders may treat each entity whose

name is recorded in the Register as a Lender hereunder for all purposes of this

Agreement. The Register shall be available for inspection by the Borrowers or any

Lender at any reasonable time and from time to time upon reasonable prior notice. Upon

receipt by the Agent from the assigning Lender of an assignment in form and substance

satisfactory to the Agent executed by an assigning Lender and an assignee representing

that it is an Eligible Assignee, together with evidence of each Advance subject to such

assignment, an Administrative Questionnaire for such assignee and a processing and

recording fee of $3,500 (payable by either the assignor or the assignee), the Agent shall,

if such assignment is a Required Assignment or has been consented to by TBC to the

extent required by Section 2.20(a) or has been effected pursuant to Section 2.21(c), (i)

accept such assignment, (ii) record the information contained therein in the Register, and

(iii) give prompt notice thereof to TBC.

(e)<u>Lender Sale of Participations</u>. Each Lender may sell participations in all or a portion of its

rights and obligations under this Agreement (including, without limitation, all or a

portion of its Commitment, the Advances owing to it and the Notes held by it, if any) to

one or more Affiliates of such Lender or to one or more other financial institutions;

<u>provided</u>, <u>however</u>, that

(i)any such participation shall not require any Borrowers to file a registration

statement with the Securities and Exchange Commission or apply to qualify any

interests in the Advances or any Notes under the blue sky laws of any state and

the Lender selling or granting such participation shall otherwise comply with all

federal and state securities laws applicable to such transaction,

(ii)no purchaser of such a participation shall be considered to be a "Lender" for any

purpose under the Agreement,

(iii)such Lender's obligations under this Agreement (including, without limitation, its

Commitment to the Borrowers) shall remain unchanged,

(iv)such Lender shall remain solely responsible to the other parties hereto for the

performance of such obligations,

(v)such Lender shall remain the holder of any Notes issued with respect to its

Advances for all purposes of this Agreement,

(vi)the Borrowers, the 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,

(vii)no participant under any such participation shall have any right to approve any

amendment or waiver of any provision of this Agreement or any Note, or any

consent to any departure by any Borrower therefrom, except to the extent that

such amendment, waiver or consent would reduce the principal of, or interest on,

the Notes or any fees or other amounts payable hereunder, in each case to the

extent subject to such participation, or postpone any date fixed for any payment of

principal of, or interest on, the Notes or any fees or other amounts payable

hereunder, in each case to the extent subject to such participation, and

(viii)such Lender shall, acting solely for this purpose as a non-fiduciary agent of the

Borrower, maintain a register on which it enters the name and address of each

purchaser of such a participation and the principal amounts (and stated interest) of

each such Person's interest in its rights and obligations under this Agreement

(including, without limitation, all or a portion of its Commitment, the Advances

owing to it and the Notes held by it, if any) (the "**Participant Register**");

provided that such Lender shall not have any obligation to disclose all or any

portion of the Participant Register (including the identity of any Person or any

information relating to a Person's interest in any commitments, loans, letters of

credit or its other obligations under this Agreement) to any Person except to the

extent that such disclosure is necessary to establish that such commitment, loan,

letter of credit or other obligation is in registered form under Section 5f.103-1(c)

of the United States Treasury Regulations. The entries in the Participant Register

shall be conclusive absent manifest error, and such Lender shall treat each Person

whose name is recorded in the Participant Register as the owner of such

participation for all purposes of this Agreement notwithstanding any notice to the

contrary. The Borrower agrees that each purchaser of such a participation shall be

entitled to the benefits of Section 2.14 (subject to the requirements and limitations

therein, including the requirements under Section 2.14(e) (it being understood that

the documentation required under Section 2.14(e) shall be delivered to the Lender

selling the participation)) to the same extent as if it were a Lender and had

acquired its interest by assignment pursuant to Section 2.20(a).

(f)<u>Confidential Borrower Information</u>. Any Lender may, in connection with any assignment

or participation or proposed assignment or participation pursuant to this Section 2.20,

disclose to the assignee or participant or proposed assignee or participant, any

information relating to the Borrowers furnished to such Lender by or on behalf of the

Borrowers; <u>provided, however</u>, that, prior to any such disclosure of Confidential

Information, such Lender shall obtain the written consent of the Borrowers, and the

assignee or participant or proposed assignee or participant shall agree to preserve the

confidentiality of any such Confidential Information received by it from such Lender

except as disclosure may be required or appropriate to governmental authorities, pursuant

to legal process, or by law or governmental regulation or authority.

2.21**Extension of Termination Date**.

(a)<u>Extension Request</u>. TBC may, on behalf of itself and the Subsidiary Borrowers, by

written notice to the Agent in the form of Exhibit E (each such notice being an

"**Extension Request**") given no earlier than 60 days and no later than 45 days prior to the

then applicable Termination Date, request that the then applicable Termination Date be

extended to a date 364 days after the then applicable Termination Date; <u>provided,</u>

<u>however,</u> that TBC shall not have exercised the Term Loan Conversion Option for

Advances outstanding on such Termination Date prior to such time. Such extension shall

be effective with respect to each Lender which, by a written notice in the form of Exhibit

F (a "**Continuation Notice**") to TBC and the Agent given no earlier than 45 days and no

later than 28 days (unless otherwise agreed by TBC and the Agent) prior to the then

applicable Termination Date, consents, in its sole discretion, to such extension (each

Lender giving a Continuation Notice being referred to sometimes as a "**Continuing**

**Lender**" and each Lender other than a Continuing Lender being a "**Non-Extending**

**Lender**"), <u>provided, however</u>, that such extension shall be effective only if the aggregate

Commitments of the Continuing Lenders, together with the Commitments of the

Replacement Lenders, are greater than 50% of the aggregate Commitments of the

Lenders on the date of the Extension Request. No Lender shall have any obligation to

consent to any such extension of the Termination Date. The Agent shall notify each

Lender of the receipt of an Extension Request within three (3) Business Days after receipt

thereof. The Agent shall notify the Company and the Lenders no later than 15 days prior

to the then applicable Termination Date whether the Agent has received Continuation

Notices from Lenders holding at least 50% of the aggregate Commitments on the date of

the Extension Request.

(b)<u>Non-Extending Lenders</u>. The Commitment of each Non-Extending Lender shall

terminate at the close of business on the Termination Date in effect prior to the delivery

of such Extension Request without giving any effect to such proposed extension, and on

such Termination Date TBC shall take one of the following three actions:

(i)Replace the Non-Extending Lenders pursuant to Section 2.21(c);

(ii)Pay or cause to be paid to the Agent, for the account of the Non-Extending

Lenders, an amount equal to the Non-Extending Lenders' Advances, together

with accrued but unpaid interest and fees thereon and all other amounts then

payable hereunder to the Non-Extending Lenders; or

(iii)By giving notice to the Agent no later than three days prior to the Termination

Date in effect prior to the delivery of such Extension Request, elect not to extend

the Termination Date beyond the then applicable Termination Date, and in this

event the Borrowers may in their sole discretion repay any amount of the

Advances then outstanding or exercise the Term Loan Conversion Option with

respect to the Advances outstanding on the Termination Date in accordance with

Section 2.3.

(c)<u>Replacement Lenders</u>. A Non-Extending Lender shall be obligated, at the request of

TBC, to assign at any time prior to the close of business on the Termination Date

applicable to such Non-Extending Lender all of its rights (other than rights that would

survive the termination of the Agreement pursuant to Section 8.3) and obligations

hereunder to one or more Lenders or other commercial banks nominated by TBC and

willing to become Lenders in place of such Non-Extending Lender (the "**Replacement**

**Lenders**"). In order to qualify as a Replacement Lender, a Lender or lender must satisfy

all of the requirements of this Agreement (including without limitation the terms of

Section 2.20 relating to Required Assignments). Such obligation of each Non-Extending

Lenders is subject to such Non-Extending Lender's receiving (i) payment in full from the

Replacement Lenders of the principal amount of all Advances owing to such

Non-Extending Lender immediately prior to an assignment to the Replacement

Lenders and (ii) payment in full from the relevant Borrowers of all accrued interest and

fees and other amounts payable hereunder and then owing to such Non-Extending Lender

immediately prior to the assignment to the Replacement Lenders. Upon such assignment,

the Non-Extending Lender shall no longer be a Lender, such Replacement Lender shall

become a Continuing Lender, and the Agent shall make appropriate entries in the

Register to reflect the foregoing.

2.22**Subsidiary Borrowers**.

(a)<u>Subsidiary Borrower Designation</u>. TBC may at any time, and from time to time, by

delivery to the Agent of a **Borrower Subsidiary Letter** substantially in the form of

Exhibit D, duly executed by TBC and the respective Subsidiary, designate such

Subsidiary as a "**Subsidiary Borrower**" for purposes of this Agreement, and such

Subsidiary shall thereupon become a "Subsidiary Borrower" for purposes of this

Agreement and, as such, shall have all of the rights and obligations of a Borrower

hereunder; <u>provided</u> that any designation of a Subsidiary that is organized under the laws

of a jurisdiction outside of the United States of America shall be made only upon 30 days

prior notice to the Agent. The Agent shall promptly notify each Lender of each such

designation by TBC and the identity of the designated Subsidiary. As soon as possible

and in any event within 10 Business Days after notice of the designation of a Subsidiary

Borrower that is organized under the laws of a jurisdiction outside of the United States of

America, any Lender that may not legally lend to such Subsidiary Borrower (a

"**Protesting Lender**") shall so notify TBC and the Agent in writing. With respect to each

Protesting Lender, TBC shall, effective on or before the date that such Subsidiary

Borrower shall have the right to borrow hereunder, either:

(i)arrange for one or more Lenders or other commercial banks to assume the

Commitment of such Protesting Lender; <u>subject</u>, <u>however</u>, to payment to the

Agent by the assignor or the assignee of a processing and recording fee of $3,500,

in the event the assuming lender is not a Lender; or

(ii)arrange for the Commitment of such Protesting Lender to be terminated and all

Advances owed to such Lender to be prepaid; subject, in either case, to payment

in full of all principal, accrued and unpaid interest, fees, commissions and other

amounts payable under this Agreement and then owing to such Lender

immediately prior to the assignment or termination of the Commitment of such

Lender.

If the Company shall designate as a Subsidiary Borrower hereunder any Subsidiary not

organized under the laws of the United States or any State thereof, any Lender may, with

notice to the Agent and the Company, fulfill its Commitment by causing an Affiliate of

such Lender to act as the Lender in respect of such Subsidiary Borrower.

(b)<u>TBC Consent to Subsidiary Borrower Borrowings and Notices</u>. No Advances shall be

made to a Subsidiary Borrower, and no Conversion of any Advances at the request of a

Subsidiary Borrower shall be effective, without, in each and every instance, the prior

consent of TBC, in its sole discretion, which shall be evidenced by the countersignature

of TBC to the relevant Notice of Borrowing or notice of Conversion. In addition, no

notices which are to be delivered by a Borrower hereunder shall be effective, with respect

to any Subsidiary Borrower, unless the notice is countersigned by TBC.

(c)<u>Subsidiary Borrower Termination Event</u>. The occurrence of any of the following events

with respect to any Subsidiary Borrower shall constitute a "**Subsidiary Borrower**

**Termination Event**" with respect to such Subsidiary Borrower:

(i)such Subsidiary Borrower ceases to be a Subsidiary;

(ii)such Subsidiary Borrower is liquidated or dissolved;

(iii)such Subsidiary Borrower fails to preserve and maintain its existence;

(iv)such Subsidiary Borrower merges or consolidates with or into another Person, or

conveys, transfers, leases, or otherwise disposes of (whether in one transaction or

in a series of transactions) all or substantially all of its assets (whether now owned

or hereafter acquired) to any Person (except that a Subsidiary Borrower may

merge into or dispose of assets to another Borrower);

(v)any of the "Events of Default" described in Section 6.1(a) through (f) occurs to or

with respect to such Subsidiary Borrower as if such Subsidiary Borrower were

"TBC"; or

(vi)the Guaranty with respect to such Subsidiary Borrower ceases, for any reason, to

be valid and binding on TBC or TBC so states in writing.

(d)<u>Terminated Subsidiary Borrower</u>. Upon the occurrence of a Subsidiary Borrower

Termination Event with respect to any Subsidiary Borrower, such Subsidiary Borrower (a

"**Terminated Subsidiary Borrower**") shall cease to be a Borrower for purposes of this

Agreement and shall no longer be entitled to request or borrow Advances hereunder. All

outstanding Advances of a Terminated Subsidiary Borrower shall be automatically due

and payable as of the date on which the Subsidiary Borrower Termination Event of such

Terminated Subsidiary Borrower occurred, together with accrued interest thereon and any

other amounts then due and payable by that Borrower hereunder, unless, in the case of a

Subsidiary Borrower Termination Event described in paragraph (iv) of Section 2.22(c),

the other Person party to the transaction is a Borrower and such other Borrower has

assumed in writing all of the outstanding Advances and other obligations under this

Agreement and under the Notes, if any, of the Terminated Subsidiary Borrower.

(e)<u>TBC as Subsidiary Borrowers' Agent</u>. Each of the Subsidiary Borrowers hereby appoints

and authorizes TBC to take such action as agent on its behalf and to exercise such powers

under this Agreement as are delegated to TBC by the terms hereof, together with such

powers as are reasonably incidental thereto.

(f)<u>Subsidiaries' Several Liabilities</u>. Notwithstanding anything in this Agreement to the

contrary, each of the Subsidiary Borrowers shall be severally liable for the liabilities and

obligations of such Subsidiary Borrower under this Agreement and its Borrowings, and

Notes, if any. No Subsidiary Borrower shall be liable for the obligations of any other

Borrower under this Agreement or any Borrowings of any other Borrower or any other

Borrower's Notes, if any. Each Subsidiary Borrower shall be severally liable for all

payments of the principal of and interest on Advances to such Subsidiary Borrower, and

any other amounts due hereunder that are specifically allocable to such Subsidiary

Borrower or the Advances to such Subsidiary Borrower. With respect to any amounts due

hereunder, including fees, that are not specifically allocable to a particular Borrower,

each Borrower shall be liable for such amount pro rata in the same proportion as such

Borrower's outstanding Advances bear to the total of then-outstanding Advances to all

Borrowers.

2.23**Defaulting Lenders**.

(a)Notwithstanding anything to the contrary contained in this Agreement, any payment of

principal, interest, facility fees or other amounts received by the Agent for the account of

any Defaulting Lender under this Agreement (whether voluntary or mandatory, at

maturity, pursuant to Article 6 or otherwise) shall be applied at such time or times as may

be reasonably determined by the Agent as follows: first, to the payment of any amounts

owing by such Defaulting Lender to the Agent hereunder; second, as the Borrowers may

request (so long as no Default exists), to the funding of any Advance in respect of which

that Defaulting Lender has failed to fund its portion thereof as required by this

Agreement, as reasonably determined by the Agent; <u>third</u>, if so reasonably determined by

the Agent and the Borrowers, to be held as cash collateral and released in order to satisfy

obligations of such Defaulting Lender to fund Advances under this Agreement; <u>fourth,</u> to

the payment of any amounts owing to the Lenders as a result of any judgment of a court

of competent jurisdiction obtained by any Lender against such Defaulting Lender as a

result of such Defaulting Lender's breach of its obligations under this Agreement; <u>fifth,</u>

so long as no Default exists, to the payment of any amounts owing to any Borrower as a

result of any judgment of a court of competent jurisdiction obtained by such Borrower

against such Defaulting Lender as a result of such Defaulting Lender's breach of its

obligations under this Agreement; and sixth, to such Defaulting Lender or as otherwise

directed by a court of competent jurisdiction; <u>provided</u> that if (x) such payment is a

payment of the principal amount of any Advance in respect of which such Defaulting

Lender has not fully funded its appropriate share, and (y) such Advances were made at a

time when the applicable conditions set forth in Article 3 were satisfied or waived, such

payment shall be applied solely to pay the Advances of all Non-Defaulting Lenders on a

pro rata basis prior to being applied to the payment of any Advances of such Defaulting

Lender and <u>provided further</u> that any amounts held as cash collateral for funding

obligations of a Defaulting Lender shall be returned to such Defaulting Lender upon the

termination of this Agreement and the satisfaction of such Defaulting Lender's

obligations hereunder. Any payments, prepayments or other amounts paid or payable to a

Defaulting Lender that are applied (or held) to pay amounts owed by a Defaulting Lender

or to post cash collateral pursuant to this Section 2.23 shall be deemed paid to and

redirected by such Defaulting Lender, and each Lender irrevocably consents hereto.

(b)No Revolving Credit Commitment of any Lender shall be increased or otherwise

affected, and, except as otherwise expressly provided in this Section 2.23, performance

by the Borrowers of their obligations shall not be excused or otherwise modified as a

result of the operation of this Section 2.23. The rights and remedies against a Defaulting

Lender under this Section 2.23 are in addition to any other rights and remedies which the

Borrowers, the Agent or any Lender may have against such Defaulting Lender.

(c)If the Borrowers and the Agent agree in writing in their reasonable determination that a

Defaulting Lender should no longer be deemed to be a Defaulting Lender, the Agent will

so notify the parties hereto, whereupon as of the effective date specified in such notice

and subject to any conditions set forth therein (which may include arrangements with

respect to any cash collateral), that Lender will, to the extent applicable, purchase at par

that portion of outstanding Advances of the other Lenders or take such other actions as

the Agent may determine to be necessary to cause the Advances to be held on a pro rata

basis by the Lenders in accordance with their ratable portions, whereupon such Lender

will cease to be a Defaulting Lender; <u>provided</u> that no adjustments will be made

retroactively with respect to fees accrued or payments made by or on behalf of any

Borrower while that Lender was a Defaulting Lender; and <u>provided</u>, <u>further</u>, 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 such Lender's having been a Defaulting Lender.

2.24**Benchmark Replacement Setting**.

(a)<u>Benchmark Replacement</u>. Notwithstanding anything to the contrary herein, upon the

occurrence of a Benchmark Transition Event, the Agent and the Company may amend

this Agreement to replace the then-current Benchmark with a Benchmark Replacement.

Any such amendment with respect to a Benchmark Transition Event will become

effective at 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the

Agent has posted such proposed amendment to all affected Lenders and the Company so

long as the Agent has not received, by such time, written notice of objection to such

amendment from Lenders comprising the Majority Lenders. No replacement of a

Benchmark with a Benchmark Replacement pursuant to this Section 2.24(a) will occur

prior to the applicable Benchmark Transition Start Date.

(b)<u>Benchmark Replacement Conforming Changes</u>. In connection with the use,

administration, adoption or implementation of a Benchmark Replacement, the Agent, in

consultation with the Company, will have the right to make Conforming Changes from

time to time and, notwithstanding anything to the contrary herein, any amendments

implementing such Conforming Changes will become effective without any further

action or consent of any other party to this Agreement.

(c)<u>Notices; Standards for Decisions and Determinations</u>. The Agent will promptly notify the

Borrower and the Lenders of (i) the implementation of any Benchmark Replacement and

(ii) the effectiveness of any Conforming Changes in connection with the use,

administration, adoption or implementation of a Benchmark Replacement. The Agent

will promptly notify the Borrower of (x) the removal or reinstatement of any tenor of a

Benchmark pursuant to Section 2.24(d) and (y) the commencement of any Benchmark

Unavailability Period. Any determination, decision or election that may be made by the

Agent or, if applicable, any Lender (or group of Lenders) pursuant to this Section 2.24,

including any determination with respect to a tenor, rate or adjustment or of the

occurrence or non-occurrence of an event, circumstance or date and any decision to take

or refrain from taking any action or any selection, will be conclusive and binding absent

manifest error and may be made in its or their sole discretion and without consent from

any other party to this Agreement, except, in each case, as expressly required pursuant to

this Section 2.24.

(d)<u>Unavailability of Tenor of Benchmark</u>. Notwithstanding anything to the contrary herein,

at any time (including in connection with the implementation of a Benchmark

Replacement), (i) if the then-current Benchmark is a term rate (including the Term SOFR

Reference Rate) and either (A) any tenor for such Benchmark is not displayed on a screen

or other information service that publishes such rate from time to time as selected by the

Agent in its reasonable discretion or (B) the administrator of such Benchmark or the

regulatory supervisor for the administrator of such Benchmark has provided a public

statement or publication of information announcing that any tenor for such Benchmark is

not or will not be representative, then the Agent may modify the definition of "Interest

Period" (or any similar or analogous definition) for any Benchmark settings at or after

such time to remove such unavailable, non-representative, non-compliant or non-aligned

tenor and (ii) if a tenor that was removed pursuant to clause (i) above either (A) is

subsequently displayed on a screen or information service for a Benchmark (including a

Benchmark Replacement) or (B) is not, or is no longer, subject to an announcement that it

is not or will not be representative for a Benchmark (including a Benchmark

Replacement), then the Agent may modify the definition of "Interest Period" (or any

similar or analogous definition) for all Benchmark settings at or after such time to

reinstate such previously removed tenor.

(e)<u>Benchmark Unavailability Period</u>. Upon the Borrower's receipt of notice of the

commencement of a Benchmark Unavailability Period, the Borrower may revoke any

pending request for a SOFR Borrowing of, conversion to or continuation of SOFR

Advances to be made, converted or continued during any Benchmark Unavailability

Period and, failing that, the Borrower will be deemed to have converted any such request

into a request for a Borrowing of or conversion to Base Rate Advances. During a

Benchmark Unavailability Period or at any time that a tenor for the then-current

Benchmark is not an Available Tenor, the component of the Base Rate based upon the

then-current Benchmark or such tenor for such Benchmark, as applicable, will not be

used in any determination of the Base Rate.

**ARTICLE 3**

**Representation and Warranties**

3.1**Representations and Warranties by the Borrowers**. Each of the Borrowers represents

and warrants as follows:

(a)<u>Corporate Standing</u>. TBC is a duly organized corporation existing in good standing under

the laws of the State of Delaware. Each Subsidiary Borrower is duly organized, validly

existing and in good standing under the laws of the jurisdiction of its organization, and

each of TBC and each Subsidiary Borrower is qualified to do business in every

jurisdiction where such qualification is required, except where the failure to so qualify

would not have a material adverse effect on the financial condition of TBC and the

Subsidiary Borrowers as a whole.

(b)<u>Corporate Powers; Governmental Approvals</u>. The execution and delivery and the

performance of the terms of this Agreement are, and the execution and delivery and the

performance of the terms of any Notes and of each Guaranty will be, within the corporate

powers of each Borrower party thereto, have been or will have been (as appropriate) duly

authorized by all necessary corporate action, have, or will have, received (as appropriate)

all necessary governmental approval, if any (which approval, if any, remains in full force

and effect), and do not contravene any provision of the Certificate of Incorporation or By-

Laws of any Borrower party thereto, or do not contravene any law or any contractual

restriction binding on any Borrower party thereto, except where such contravention

would not have a material adverse effect on the financial condition of TBC and its

Subsidiaries, taken as a whole.

(c)<u>Enforceability</u>. This Agreement and the Notes, if any, when duly executed and delivered

by each Borrower party thereto, will constitute legal, valid and binding obligations of

such Borrower, enforceable against such Borrower in accordance with their respective

terms, and each Guaranty, when duly executed and delivered by TBC, will constitute a

legal, valid and binding obligation of TBC, enforceable against TBC in accordance with

its terms, subject to general equitable principles and except as the enforceability thereof

may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or

other similar laws of general application relating to creditors' rights.

(d)<u>No Material Pending or Threatened Actions</u>. In TBC's opinion, there are no pending or

threatened actions or proceedings before any court or administrative agency (i) other than

as disclosed in TBC's filings with the Securities and Exchange Commission, that are

reasonably likely to have a material adverse effect on the financial condition or

operations of the Company which is likely to materially impair the ability of the

Company to repay the Advances or (ii) which would reasonably be expected to materially

and adversely affect the legality, validity or enforceability of this Agreement or the

Advances.

(e)<u>Consolidated Statements</u>. The Consolidated statement of financial position as of

December 31, 2024 and the related Consolidated statement of earnings and retained

earnings for the year then ended (copies of which have been made available to each

Lender) correctly set forth the Consolidated financial condition of TBC and its

Subsidiaries as of such date and the result of the Consolidated operations for such year.

The Consolidated statement of financial position as of June 30, 2025 and the related

Consolidated statement of earnings and retained earnings for the six month period then

ended (copies of which have been made available to each Lender) correctly set forth,

subject to year-end audit adjustments, the Consolidated financial condition of TBC and

its Subsidiaries as of such date and the result of the Consolidated operations for such six

month period.

(f)<u>Regulation U</u>. No Borrower is engaged in the business of extending credit for the purpose

of purchasing or carrying margin stock within the meaning of Regulation U issued by the

Board of Governors of the Federal Reserve System, and no proceeds of any Advance will

be used to purchase or carry any margin stock or to extend credit to others for the purpose

of purchasing or carrying any margin stock. Following application of the proceeds of

each Advance, not more than 25 percent of the value of the assets (either of any Borrower

only or of each Borrower and its subsidiaries on a Consolidated basis) subject to the

provisions of Section 4.2(a) or subject to any restriction contained in any agreement or

instrument between any Borrower and any Lender or any Affiliate of a Lender relating to

Debt within the scope of Section 6.1(d) will be margin stock (within the meaning of

Regulation U issued by the Board of Governors of the Federal Reserve System).

(g)<u>Investment Company Act</u>. No Borrower is an "investment company," or an "affiliated

person" of, or "promoter" or "principal underwriter" for, an "investment company," as

such terms are defined in the Investment Company Act of 1940, as amended. Neither the

making of any Advances, nor the application of the proceeds or repayment thereof by any

Borrower, nor the consummation of the other transactions contemplated hereby, will

violate any provision of such Act or any rule, regulation or order of the Securities and

Exchange Commission thereunder.

(h)<u>No Material Adverse Change</u>. Except as disclosed in filings with the Securities and

Exchange Commission prior to the date hereof, there has been no material adverse

change in the Company's financial condition or results of operations since December 31,

2024 that is likely to impair the ability of the Company to repay the Advances.

(i)<u>Anti-Corruption Laws and Sanctions</u>. TBC has implemented and maintains in effect

policies and procedures designed to promote compliance with Anti-Corruption Laws and

applicable Sanctions by TBC, its Subsidiaries and their respective directors, officers,

employees and, to the extent commercially reasonable, agents under the control and

acting on behalf of TBC or its Subsidiaries, and TBC, its Subsidiaries and their respective

officers and employees and to the knowledge of TBC its directors and agents under the

control and acting on behalf of TBC or its Subsidiaries, are in compliance with Anti-

Corruption Laws and applicable Sanctions in all material respects. None of (a) TBC, any

Subsidiary or any of their respective directors, officers or employees, or (b) to the

knowledge of TBC, any agent under the control and acting on behalf of TBC or any

Subsidiary in connection with the credit facility established hereby, is a Sanctioned

Person.

(j)<u>ERISA</u>. No Borrower is nor will be (1) an employee benefit plan subject to Title I of

ERISA, (2) a plan or account subject to Section 4975 of the Internal Revenue Code; (3)

an entity deemed to hold "plan assets" of any such plans or accounts for purposes of

ERISA or the Internal Revenue Code; or (4) a "governmental plan" within the meaning

of ERISA.

**ARTICLE 4**

**Covenants of TBC**

4.1**Affirmative Covenants of TBC**. From the date of this Agreement and so long as any

amount is payable by a Borrower to any Lender hereunder or any Commitment is

outstanding, TBC will:

(a)<u>Periodic Reports</u>. Furnish to the Lenders:

(1)within 60 days after the close of each of the first three quarters of each of TBC's

fiscal years, a Consolidated statement of financial position of TBC and the

Subsidiaries as of the end of such quarter and a Consolidated comparative

statement of earnings and retained earnings of TBC and the Subsidiaries for the

period commencing at the end of the previous fiscal year and ending with the end

of such quarter, each certified by an authorized officer of TBC,

(2)within 120 days after the close of each of TBC's fiscal years, and with respect to

any quarter thereof, if requested in writing by the Majority Lenders (with a copy

to the Agent), within 60 days after the later of (x) the close of any of the first three

quarters thereof subject of such request and (y) such request, a statement certified

by an authorized officer of TBC showing in detail the computations required by

the provisions of Sections 4.2(a), 4.2(b) and 4.2(f), based on the figures which

appear on the books of account of TBC and the Subsidiaries at the close of such

quarters,

(3)within 120 days after the close of each of TBC's fiscal years, a copy of the annual

audit report of TBC, certified by independent public accountants of nationally

recognized standing, together with financial statements consisting of a

Consolidated statement of financial position of TBC and the Subsidiaries as of the

end of such fiscal year and a Consolidated statement of earnings and retained

earnings of TBC and the Subsidiaries for such fiscal year,

(4)within 120 days after the close of each of TBC's fiscal years, a statement certified

by the independent public accountants who shall have prepared the corresponding

audit report furnished to the Lenders pursuant to the provisions of clause (3) of

this subsection (a), to the effect that, in the course of preparing such audit report,

such accountants had obtained no knowledge, except as specifically stated, that

TBC had been in violation of the provisions of any one of Sections 4.2(a), 4.2(b),

4.2(c), 4.2(d) and 4.2(f), at any time during such fiscal year,

(5)promptly upon their becoming available, all financial statements, reports and

proxy statements which TBC sends to its stockholders,

(6)promptly upon their becoming available, all regular and periodic financial reports

which TBC or any Subsidiary files with the Securities and Exchange Commission

or any national securities exchange,

(7)within three Business Days after the discovery of the occurrence of any event

which constitutes a Default, notice of such occurrence together with a detailed

statement by a responsible officer of TBC of the steps being taken by TBC or the

appropriate Subsidiary to cure the effect of such event, and

(8)such other information respecting the financial condition and operations of TBC

or the Subsidiaries as the Agent may from time to time reasonably request.

In lieu of furnishing the Lenders the items referred to in clauses (1), (3), (5) and (6)

above, the Company may make available such items on the Company's website at

<u>www.boeing.com</u>, at <u>www.sec.gov</u> or at such other website as notified to the Agent and

the Lenders, which shall be deemed to have satisfied the requirement of delivery of such

items in accordance with this Section.

(b)<u>Payment of Taxes, Etc</u>. Duly pay and discharge, and cause each Subsidiary duly to pay

and discharge, all material taxes, assessments and governmental charges upon it or

against its properties prior to a date which is 5 Business Days after the date on which

penalties are attached thereto, except and to the extent only that the same shall be

contested in good faith and by appropriate proceedings by TBC or the appropriate

Subsidiary.

(c)<u>Insurance</u>. Maintain, and cause each Subsidiary to maintain, with financially sound and

reputable insurance companies or associations, insurance of the kinds, covering the risks

and in the relative proportionate amounts usually carried by companies engaged in

businesses similar to that of TBC or such Subsidiary, except, to the extent consistent with

good business practices, such insurance may be provided by TBC through its program of

self insurance.

(d)<u>Corporate Existence</u>. Preserve and maintain its corporate existence.

(e)<u>Material Compliance With Laws</u>. Comply, and cause each Subsidiary to comply, in all

material respects with all applicable laws (including ERISA and applicable

environmental laws), except to the extent that failure to so comply would not have a

material adverse effect on the financial condition or operations of the Company; and

maintain in effect policies and procedures designed to promote compliance with Anti-

Corruption Laws and applicable Sanctions by TBC, its Subsidiaries and their respective

directors, officers, employees and, to the extent commercially reasonable, agents under

the control and acting on behalf of TBC or its Subsidiaries.

4.2**General Negative Covenants of TBC**. From the date of this Agreement and so long as

any amount shall be payable by TBC or any other Borrower to any Lender hereunder or

any Commitment shall be outstanding, TBC will not:

(a)<u>Mortgages</u>, <u>Liens</u>, <u>Etc</u>. Create, incur, assume or suffer to exist any mortgage, pledge, lien,

security interest or other charge or encumbrance (including the lien or retained security

title of a conditional vendor) upon or with respect to any of its Property, Plant and

Equipment, or upon or with respect to the Property, Plant and Equipment of any

Subsidiary, or assign or otherwise convey, or permit any Subsidiary to assign or

otherwise convey, any right to receive income from or with respect to its Property, Plant

and Equipment, except

(1)liens in connection with workmen's compensation, unemployment insurance or

other social security obligations;

(2)liens securing the performance of bids, tenders, contracts (other than for the

repayment of borrowed money), leases, statutory obligations, surety and appeal

bonds, liens to secure progress or partial payments made to TBC or such

Subsidiary and other liens of like nature made in the ordinary course of business;

(3)mechanics', workmen's, materialmen's or other like liens arising in the ordinary

course of business in respect of obligations which are not due or which are being

contested in good faith;

(4)liens for taxes not yet due or being contested in good faith and by appropriate

proceedings by TBC or the affected Subsidiary;

(5)liens which arise in connection with the leasing of equipment in the ordinary

course of business;

(6)liens on Property, Plant and Equipment owned by TBC or any Subsidiary of TBC

existing on June 30, 2025;

(7)liens on assets of a Person existing at the time such Person is merged into or

consolidated with TBC or a Subsidiary of TBC or at the time of purchase, lease,

or acquisition of the property or Voting Stock of such Person as an entirety or

substantially as an entirety by TBC or a Subsidiary of TBC, whether or not any

Debt secured by such liens is assumed by TBC or such Subsidiary, <u>provided</u> that

such liens are not created in anticipation of such purchase, lease, acquisition or

merger;

(8)liens securing Debt of a Subsidiary of TBC owing to TBC or to another

Subsidiary;

(9)liens on assets existing at the time of acquisition of such property by TBC or a

Subsidiary of TBC or purchase money liens to secure the payment of all or part of

the purchase price of property upon acquisition of such assets by TBC or such

Subsidiary or to secure any Debt incurred or guaranteed by TBC or a Subsidiary

prior to, at the time of, or within one year after the later of the acquisition,

completion or construction (including any improvements on existing property), or

commencement of full operation, of such property, which Debt is incurred or

guaranteed solely for the purpose of financing all or any part of the purchase price

thereof or construction or improvements thereon; provided, <u>however,</u> that in the

case of any such acquisition, construction or improvement, the lien shall not apply

to any property theretofore owned by TBC or such Subsidiary other than, in the

case of such construction or improvement, any theretofore unimproved real

property on which the property so constructed or the improvement made is

located;

(10)liens securing obligations of TBC or a Subsidiary incurred in conjunction with

industrial revenue bonds or other instruments utilized in connection with incentive

structures for tax purposes issued for the benefit of TBC or a Subsidiary in

connection with any Property, Plant and Equipment used by TBC or a Subsidiary;

(11)any extension, renewal or replacement (or successive extensions, renewals or

replacements) in whole or in part of any lien referred to in the foregoing;

<u>provided</u>, <u>however</u>, that the principal amount of Debt secured thereby shall not

exceed the principal amount of Debt so secured at the time of such extension,

renewal or replacement and that such extension, renewal or replacement shall be

limited to all or any part of the property that secured the lien so extended,

renewed or replaced (plus improvements and construction on such property); and

(12)other liens, charges and encumbrances, so long as the aggregate amount of the

Consolidated Debt for which all such liens, charges and encumbrances serve as

security does not exceed 15% of Consolidated Net Tangible Assets.

(b)<u>Consolidated Debt</u>. Permit its Consolidated Debt (subject to Section 4.3) to be at any time

more than 60% of Total Capital, where "**Total Capital**" means the sum of shareholders'

equity and Consolidated Debt of TBC, provided that any accumulated other

comprehensive income and loss will be excluded.

(c)<u>Payment in Violation of an Agreement</u>. Make any payment, or permit any Subsidiary to

make any payment, of principal or interest, on any Debt which payment would constitute

a violation of the terms of this Agreement or of the terms of any indenture or agreement

binding on such corporation or to which such corporation is a party except to the extent

such payment is not likely to impair the ability of TBC to repay the Advances.

(d)<u>Merger or Consolidation</u>. Merge or consolidate with or into, or convey, transfer, lease, or

otherwise dispose of (whether in one transaction or in a series of transactions) all or

substantially all of its assets (whether now owned or hereafter acquired) to any Person

except that TBC may merge or consolidate with any Person so long as TBC is the

surviving corporation and no Default has occurred and is continuing or would result

therefrom, and except that any direct or indirect Subsidiary of TBC may merge or

consolidate with or into, or dispose of assets to, TBC or any other direct or indirect

Subsidiary of TBC, <u>provided</u>, in each case, that no Event of Default has occurred and is

continuing at the time of such proposed transaction or would result therefrom.

(e)<u>Use of Proceeds</u>. Directly use, or knowingly indirectly use, or permit its Subsidiaries and

its or their respective directors, officers, employees and agents under the control and

acting on behalf of TBC or its Subsidiaries to directly use, or knowingly indirectly use,

the proceeds of any Borrowing (i) in furtherance of an offer, payment, promise to pay, or

authorization of the payment or giving of money, or anything else of value, to any Person

in (x) violation of the U.S. Foreign Corrupt Practices Act of 1977, as amended, or (y)

material violation of any other Anti-Corruption Laws or (ii) for the purpose of funding or

financing any activities, business or transaction of or with any Sanctioned Person, or in

any Sanctioned Country except to the extent licensed, authorized or otherwise permitted

under applicable law.

(f)<u>Minimum Liquidity</u>. Permit its Liquidity to be at any time less than $5,000,000,000,

where "**Liquidity**" means the sum of (i) Cash and cash equivalents and (ii) short-term

and other investments, in each case as shown on the Consolidated balance sheet of TBC.

4.3**Financial Statement Terms**. For purposes of Section 4.2(b), (a) all accounting terms

shall exclude amounts attributable to Boeing Capital Corporation and its Subsidiaries and

Boeing Financial Corporation, a Delaware corporation; and (b) Total Capital shall

exclude the effects of (i) any merger-related accounting adjustments which are

attributable to the merger with or acquisition of McDonnell Douglas Corporation by TBC

and (ii) any repurchase by TBC of its common stock from the date of the merger with or

acquisition of McDonnell Douglas Corporation by TBC.

4.4**Waivers of Covenants**. The departure by TBC or any Subsidiary from the requirements

of any of the provisions of this Article 4 shall be permitted only if such departure has

been consented to in advance in a writing signed by the Majority Lenders, and such

writing shall be effective as a consent only to the specific departure described in such

writing. Such departure by TBC or any Subsidiary when properly consented to by the

Majority Lenders shall not constitute an Event of Default under Section 6.1(c)

**ARTICLE 5**

**Conditions Precedent to Borrowings**

5.1**Conditions Precedent to the Initial Borrowing of TBC**. The obligation of each Lender

to make its initial Advance to TBC is subject to receipt by the Agent on or before the day

of the initial Borrowing of all of the following, each dated as of the day hereof, in form

and substance satisfactory to the Agent and its counsel:

(a)<u>Documentation</u>. Copies of all documents, certified by an officer of TBC, evidencing

necessary corporate action by TBC and governmental approvals, if any, with respect to

this Agreement, to the Notes, if any, and to Guaranties to be delivered by TBC pursuant

to Section 5.4(e);

(b)<u>Officer's Certificate</u>. A certificate of the Secretary or an Assistant Secretary of TBC

which certifies the names of the officers of TBC authorized to sign this Agreement, the

Notes, if any, and the other documents to be delivered hereunder, together with true

specimen signatures of such officers and facsimile signatures of officers authorized to

sign by facsimile signature (on which certificate each Lender may conclusively rely until

it receives a further certificate of the Secretary or an Assistant Secretary of TBC

canceling or amending the prior certificate and submitting specimen signatures of the

officers named in such further certificate);

(c)<u>Opinion of Company Counsel</u>. A favorable opinion of in-house counsel for TBC

substantially in the form of Exhibit G;

(d)<u>Opinion of Agent's Counsel</u>. A favorable opinion of Davis Polk & Wardwell LLP,

counsel for the Agent, substantially in the form of Exhibit H;

(e)<u>Termination of Certain Credit Agreement</u>. TBC shall have terminated in whole the

commitments of the banks parties to the 2022 Three-Year Credit Agreement, and each of

the Lenders that is a party to any such Credit Agreement by execution of this Agreement

hereby waives the requirement of prior notice for the termination of commitments under

such Credit Agreement;

(f)<u>Satisfaction of Certain Credit Agreement Obligations</u>. TBC and its Subsidiaries shall

have satisfied all of their respective obligations under the 2022 Three-Year Credit

Agreement including, without limitation, the payment of all fees under such agreement;

and

(g)<u>KYC Materials</u>. To the extent that the applicable information is not available from the

Company's website at <u>www.boeing.com</u>, at <u>www.sec.gov</u> or at such other website as

notified to the Agent and the Lenders, TBC shall have provided such materials and

information as are reasonably necessary for each Lender to conduct know-your-customer

due diligence, provided such information is reasonably requested by such Lender in

writing at least five Business Days prior to the Closing Date.

5.2**Conditions Precedent to Each Borrowing of TBC**. The obligation of each Lender to

make an Advance on the occasion of each Borrowing (including the initial Borrowing) is

subject to the further conditions precedent that on the date of the request for a Borrowing

and on the date of such Borrowing, the following statements shall be true, and both the

giving of the applicable Notice of Borrowing and the acceptance by TBC of the proceeds

of such Borrowing shall be a representation by TBC that:

(a)the representations and warranties contained in subsections (a) through (g) and (i) of

Section 3.1 (other than clause (i) of subsection (d) thereof) are true and accurate on and as

of each such date as though made on and as of each such date (except to the extent that

such representations and warranties relate solely to an earlier date); and

(b)as of each such date no event has occurred and is continuing, or would result from the

proposed Borrowing, which constitutes a Default.

5.3**[Reserved]**.

5.4**Conditions Precedent to the Initial Borrowing of a Subsidiary Borrower**. The

obligation of each Lender to make its initial Advance to any particular Subsidiary

Borrower is subject to the receipt by the Agent, on or before the day of the initial

Borrowing by such Subsidiary Borrower, of all of the following, each dated on or prior to

the day of the initial Borrowing, in form and substance satisfactory to the Agent and its

counsel:

(a)<u>Borrower Subsidiary Letter</u>. A Borrower Subsidiary Letter, substantially in the form of

Exhibit D, executed by such Subsidiary Borrower and TBC;

(b)<u>Documentation</u>. Copies of all documents, certified by an officer of the Subsidiary

Borrower, evidencing necessary corporate action by the Subsidiary Borrower and

governmental approvals, if any, with respect to this Agreement and any Notes;

(c)<u>Officer's Certificate</u>. A certificate of the Secretary or an Assistant Secretary of TBC or

the Subsidiary Borrower which certifies the names of the officers of the Subsidiary

Borrower authorized to sign the Notes and the other documents to be delivered

hereunder, together with true specimen signatures of such officers and facsimile

signatures of officers authorized to sign by facsimile signature (on which certificate each

Lender may conclusively rely until it receives a further certificate of the Secretary or an

Assistant Secretary of TBC or the Subsidiary Borrower canceling or amending the prior

certificate and submitting signatures of the officers named in such further certificate);

(d)<u>Opinion of Subsidiary Counsel</u>. A favorable opinion of in-house counsel to the

Subsidiary Borrower, substantially in the form of Exhibit I and as to such other matters as

the Agent may reasonably request;

(e)<u>TBC Guaranty</u>. A Guaranty of TBC that unconditionally guarantees the payment of all

obligations of such Subsidiary Borrower hereunder and under the Notes of such

Subsidiary Borrower, substantially in the form of Exhibit J, executed and delivered by

TBC to the Agent;

(f)<u>Opinion of TBC Counsel</u>. A favorable opinion of in-house counsel to TBC, substantially

in the form of Exhibit K and as to such other matters as the Agent may reasonably

request; and

(g)<u>KYC Materials</u>. To the extent that the applicable information is not available from the

Company's website at <u>www.boeing.com</u>, at <u>www.sec.gov</u> or at such other website as

notified to the Agent and the Lenders, TBC shall have provided such materials and

information as are reasonably necessary for each Lender to conduct know-your-customer

due diligence, provided such information is reasonably requested by such Lender in

writing at least five Business Days prior to the initial Borrowing or initial issuance for the

account of such Subsidiary Borrower.

(h)<u>Beneficial Ownership Certification</u>. At least five days prior to the effectiveness of the

applicable Borrower Subsidiary Letter, with respect to any Subsidiary Borrower that

qualifies as a "legal entity customer" under the Beneficial Ownership Regulation, to each

Lender that so requests, a Beneficial Ownership Certification in relation to such

Subsidiary Borrower.

5.5**Conditions Precedent to Each Borrowing of a Subsidiary Borrower**. The obligation

of each Lender to make an Advance to a Subsidiary Borrower on the occasion of each

Borrowing (including the initial Borrowing) is subject to the further conditions precedent

that on the date of the request for such Borrowing and the date of such Borrowing, the

following statements shall be true, and each of the giving of the applicable Notice of

Borrowing and the acceptance by such Subsidiary Borrower of the proceeds of such

Borrowing shall be (a) a representation by such Subsidiary Borrower that:

(i)the representations and warranties of that Subsidiary Borrower contained (A) in

subsections (a) through (g) and (i) of Section 3.1 (other than clause (i) of

subsection (d) thereof) are true and accurate on and as of each such date as though

made on and as of each such date (except to the extent that such representations

and warranties relate solely to an earlier date), and (B) in its Borrower Subsidiary

Letter are true and correct on and as of the date of such Borrowing, before and

after giving effect to such Borrowing; and

(ii)as of each such date no event has occurred and is continuing, or would result from

the proposed Borrowing, which constitutes a Default;

and (b) a representation by TBC that the representations and warranties of TBC contained

in subsections (a) through (g) and (i) of Section 3.1 (other than clause (i) of subsection (d)

thereof) are true and accurate on and as of each such date as though made on and as of

each such date (except to the extent that such representations and warranties relate solely

to an earlier date), and that, as of each such date, no event has occurred and is continuing,

or would result from the proposed Borrowing, which constitutes a Default.

**Article 6**

**Events of Default**

6.1**Events of Default**. Each of the following shall constitute an Event of Default:

(a)Failure by TBC to make when due any payment of principal of or interest on any

Advance or under a Guaranty when the same becomes due and payable and such failure

is not remedied within 5 Business Days thereafter;

(b)Any representation or warranty made by TBC in connection with the execution and

delivery of this Agreement, the Borrowings or any Guaranty, or otherwise furnished

pursuant hereto proves to have been incorrect when made in any material respect;

(c)Failure by TBC to perform any other term, covenant or agreement contained in this

Agreement, and such failure is not remedied within 30 days after written notice thereof

has been given to TBC by the Agent, at the request, or with the consent, of the Majority

Lenders;

(d)Failure by TBC to pay when due (i) any obligation for the payment of borrowed money

on any regularly scheduled payment date or following acceleration thereof or (ii) any

other monetary obligation if, in the case of either of clauses (i) or (ii), the aggregate

unpaid principal amount of the obligations with respect to which such failure to pay or

acceleration occurred (excluding any failure to pay that TBC certifies is a result of the

application of Sanctions) equals or exceeds $500,000,000 and such failure is not

remedied within 5 Business Days after TBC receives notice thereof from the Agent or the

creditor on such obligation;

(e)TBC or any of its Subsidiaries

(1)incurs liability with respect to any employee pension benefit plan in excess of

$500,000,000 in the aggregate under

(A)Sections 4062, 4063, 4064 or 4201 of ERISA; or

(B)otherwise under Title IV of ERISA as a result of any reportable event as

defined in Section 4043 of ERISA (other than a reportable event as to

which the provision of 30 days' notice is waived under applicable

regulations);

(2)has a lien imposed on its property and rights to property under Section 4068 of

ERISA on account of a liability in excess of $500,000,000 in the aggregate; or

(3)incurs liability under Title IV of ERISA

(A)in excess of $500,000,000 in the aggregate as a result of the Company or

any ERISA Affiliate having filed a notice of intent to terminate any

employee pension benefit plan under the "distress termination" provision

of Section 4041 of ERISA, or

(B)in excess of $500,000,000 in the aggregate as a result of the Pension

Benefit Guaranty Corporation having instituted proceedings to terminate,

or to have a trustee appointed to administer, any such plan;

(f)The happening of any of the following events, provided such event has not then been

cured or stayed:

(1)the cessation by TBC of the payment of its Debts as they mature,

(2)the making of an assignment for the benefit of the creditors of TBC,

(3)the appointment of a trustee or receiver or liquidator for TBC or for a substantial

part of its property, or

(4)the institution of bankruptcy, reorganization, arrangement, insolvency or similar

proceedings by or against TBC under the laws of any jurisdiction in which TBC is

organized or has material business, operations or assets and, in the case of any

such proceeding instituted against it (but not instituted by it), either such

proceeding shall remain undismissed or unstayed for a period of 60 days, or any

of the actions sought in such proceeding (including, without limitation, the entry

of an order for relief against, or the appointment of a receiver, trustee, custodian

or other similar official for, it or any substantial part of its property and assets)

shall occur; or

(g)So long as any Subsidiary is a Borrower hereunder, the Guaranty with respect to such

Subsidiary Borrower for any reason ceases to be valid and binding on TBC or TBC so

states in writing.

6.2**Lenders' Rights upon Borrower Default**. If an Event of Default occurs or is continuing,

then the Agent shall at the request, or may with the consent, of the Majority Lenders, by

notice to TBC,

(a)declare the obligation of each Lender to make further Advances to be terminated,

whereupon the same shall forthwith terminate, and

(b)declare the Advances, all interest thereon, and all other amounts payable under this

Agreement to be forthwith due and payable, whereupon the Advances, all such interest,

and all such other amounts 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 the Borrowers, <u>provided</u>, <u>however,</u> that in the event of an actual

entry or, in the case of the institution by TBC of a proceeding described in Section

6.1(f)(4), a deemed entry, of an order for relief with respect to any Borrower under the

Federal Bankruptcy Code (whether in connection with a voluntary or an involuntary

case), (i) the obligation of each Lender to make Advances shall automatically be

terminated and (ii) the payment obligations of the Borrowers with respect to Advances,

all such interest, and all such amounts 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 the Borrowers.

**ARTICLE 7**

**The Agent**

7.1**Appointment and Authority**. Each Lender (in its capacity as a Lender) hereby

irrevocably appoints Citibank to act on its behalf as the Agent hereunder and authorizes

the Agent to take such actions on its behalf and to exercise such powers as are delegated

to the Agent by the terms hereof, together with such actions and powers as are reasonably

incidental thereto. The provisions of this Article are solely for the benefit of the Agent

and the Lenders, and the Borrowers shall not have rights as a third-party beneficiary of

any of such provisions. It is understood and agreed that the use of the term "agent" herein

(or any other similar term) with reference to the Agent is not intended to connote any

fiduciary or other implied (or express) obligations arising under agency doctrine of any

applicable law. Instead such term is used as a matter of market custom, and is intended to

create or reflect only an administrative relationship between contracting parties.

7.2**Rights as a Lender**. The Person serving as the Agent hereunder shall have the same

rights and powers in its capacity as a Lender as any other Lender and may exercise the

same as though it were not the Agent, and the term "Lender" or "Lenders" shall, unless

otherwise expressly indicated or unless the context otherwise requires, include the Person

serving as the Agent hereunder in its individual capacity. Such Person and its Affiliates

may accept deposits from, lend money to, own securities of, act as the financial advisor

or in any other advisory capacity for, and generally engage in any kind of business with,

the Company or any Subsidiary or other Affiliate thereof as if such Person were not the

Agent hereunder and without any duty to account therefor to the Lenders.

7.3**Exculpatory Provisions**.

(a)The Agent shall not have any duties or obligations except those expressly set forth herein,

and its duties hereunder shall be administrative in nature. Without limiting the generality

of the foregoing, the Agent:

(i)shall not be subject to any fiduciary or other implied duties, regardless of whether

a Default has occurred and is continuing;

(ii)shall not have any duty to take any discretionary action or exercise any

discretionary powers, except discretionary rights and powers expressly

contemplated hereby that the Agent is required to exercise as directed in writing

by the Majority Lenders (or such other number or percentage of the Lenders as

shall be expressly provided for herein); <u>provided</u> that the Agent shall not be

required to take any action that, in its opinion or the opinion of its counsel, may

expose the Agent to liability or that is contrary to this Agreement or applicable

law, including for the avoidance of doubt any action that may be in violation of

the automatic stay under any debtor relief law or that may effect a forfeiture,

modification or termination of property of a Defaulting Lender in violation of any

debtor relief law; and

(iii)shall not, except as expressly set forth herein, have any duty to disclose, and shall

not be liable for the failure to disclose, any information relating to the Company

or any of its Affiliates that is communicated to or obtained by the Person serving

as the Agent or any of its Affiliates in any capacity; provided, that,

notwithstanding the foregoing, the Agent agrees to give to each Lender prompt

notice of each notice given to it by the Borrowers pursuant to the terms of this

Agreement. The Agent further agrees to make a request pursuant to Section

4.1(a)(8) at the request of any Lender, and to share such requested information

with the Lenders.

(b)The Agent shall not be liable for any action taken or not taken by it (i) with the consent or

at the request of the Majority Lenders (or such other number or percentage of the Lenders

as shall be necessary, or as the Agent shall believe in good faith shall be necessary, under

the circumstances as provided in Sections 8.1 and 6.2), or (ii) in the absence of its own

gross negligence or willful misconduct as determined by a court of competent jurisdiction

by final and nonappealable judgment. The Agent shall be deemed not to have knowledge

of any Default unless and until notice describing such Default is given to the Agent in

writing by the Company or a Lender.

(c)The Agent shall not be responsible for or have any duty to ascertain or inquire into (i) any

statement, warranty or representation made in or in connection with this Agreement, (ii)

the contents of any certificate, report or other document delivered hereunder or in

connection herewith or the adequacy, accuracy and/or completeness of the information

contained therein, (iii) the performance or observance of any of the covenants, agreements

or other terms or conditions set forth herein or the occurrence of any Default, (iv) the

validity, enforceability, effectiveness or genuineness of this Agreement or any other

agreement, instrument or document or the perfection or priority of any Lien or security

interest created or purported to be created hereby, or (v) the satisfaction of any condition

set forth in Article 5 or elsewhere herein, other than (but subject to the foregoing clause

(ii)) to confirm receipt of items expressly required to be delivered to the Agent.

7.4**Reliance by Agent**. The Agent shall be entitled to rely upon, and shall not incur any

liability for relying upon, any notice, request, certificate, consent, statement, instrument,

document or other writing (including any electronic message, Internet or intranet website

posting or other distribution) believed by it to be genuine and to have been signed, sent or

otherwise authenticated by the proper Person. The Agent also may rely upon any

statement made to it orally or by telephone and believed by it to have been made by the

proper Person, and shall not incur any liability for relying thereon. In determining

compliance with any condition hereunder to the making of an Advance that by its terms

must be fulfilled to the satisfaction of a Lender, the Agent may presume that such

condition is satisfactory to such Lender unless the Agent shall have received notice to the

contrary from such Lender prior to the making of such Advance. The Agent may consult

with legal counsel (who may be counsel for the Borrower), independent accountants and

other experts selected by it, and shall not be liable for any action taken or not taken by it

in accordance with the advice of any such counsel, accountants or experts.

7.5**Indemnification**.

(a)Each Lender severally agrees to indemnify the Agent in its capacity as Agent (to the

extent not reimbursed by TBC or any other Borrower), from and against its ratable share

of any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits,

costs, expenses or disbursements of any kind or nature whatsoever which may be

imposed on, incurred by, or asserted against the Agent in any way relating to or arising

out of this Agreement or any action taken or omitted by the Agent under this Agreement

(collectively, the "**Indemnified Costs**"), <u>provided</u> that no Lender shall be liable for any

portion of the Indemnified Costs resulting from the Agent's gross negligence or willful

misconduct as determined by a court of competent jurisdiction by final and

nonappealable judgment. Without limitation of the foregoing, each Lender agrees to

reimburse the Agent promptly upon demand for its ratable share of any out-of-pocket

expenses (including counsel fees) incurred by the 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 rights or responsibilities under, this Agreement to the extent that the

Agent is not reimbursed for such expenses by TBC or any other Borrower.

(b)The failure of any Lender to reimburse the Agent promptly upon demand for its ratable

share of any amount required to be paid by the Lenders to the Agent as provided herein

shall not relieve any other Lender of its obligation hereunder to reimburse the Agent for

its ratable share of such amount, but no Lender shall be responsible for the failure of any

other Lender to reimburse the Agent for such other Lender's ratable share of such

amount. Without prejudice to the survival of any other agreement of any Lender

hereunder, the agreement and obligations of each Lender contained in this Section 7.5

shall survive the payment in full of principal, interest and all other amounts payable

hereunder and under the Notes. The Agent agrees to return to the Lenders their respective

ratable shares of any amounts paid under this Section 7.5 that are subsequently

reimbursed by TBC or any Borrower. In the case of any investigation, litigation or

proceeding giving rise to any Indemnified Costs, this Section 7.5 applies whether any

such investigation, litigation or proceeding is brought by the Agent, any Lender or a third

party.

7.6**Resignation of Agent**.

(a)The Agent may at any time give notice of its resignation to the Lenders and the

Company. Upon receipt of any such notice of resignation, the Majority Lenders shall

have the right with the consent of the Company (if no Event of Default has occurred and

is continuing), such consent not to be unreasonably withheld or delayed, to appoint a

successor, which shall be a bank with an office in the United States, or an Affiliate of any

such bank with an office in the United States. If no such successor shall have been so

appointed by the Majority Lenders and shall have accepted such appointment within 30

days after the retiring Agent gives notice of its resignation (or such earlier day as shall be

agreed by the Majority Lenders) (the "Resignation Effective Date"), then the retiring

Agent may (but shall not be obligated to), on behalf of the Lenders, appoint a successor

Agent meeting the qualifications set forth above with the consent of the Company (if no

Event of Default has occurred and is continuing), such consent not to be unreasonably

withheld or delayed. Whether or not a successor has been appointed, such resignation

shall become effective in accordance with such notice on the Resignation Effective Date.

(b) If the Person serving as Agent is a Defaulting Lender pursuant to clause (v) of the

definition thereof, the Majority Lenders may, to the extent permitted by applicable law,

by notice in writing to the Company and such Person remove such Person as Agent and,

with the consent of the Company (if no Event of Default has occurred and is continuing),

such consent not to be unreasonably withheld or delayed, appoint a successor. If no such

successor shall have been so appointed by the Majority Lenders and shall have accepted

such appointment within 30 days (or such earlier day as shall be agreed by the Majority

Lenders) (the "**Removal Effective Date**"), then such removal shall nonetheless become

effective in accordance with such notice on the Removal Effective Date.

(c)With effect from the Resignation Effective Date or the Removal Effective Date (as

applicable) (1) the retiring or removed Agent shall be discharged from its duties and

obligations hereunder (except that in the case of any collateral security held by the Agent

on behalf of the Lenders hereunder, the retiring or removed Agent shall continue to hold

such collateral security until such time as a successor Agent is appointed) and (2) all

payments, communications and determinations provided to be made by, to or through the

Agent shall instead be made by or to each Lender directly, until such time, if any, as the

Majority Lenders appoint a successor Agent as provided for above. Upon the acceptance

of a successor's appointment as Agent hereunder, such successor shall succeed to and

become vested with all of the rights, powers, privileges and duties of the retiring or

removed Agent, and the retiring or removed Agent shall be discharged from all of its

duties and obligations hereunder. The fees payable by the Company to a successor Agent

shall be the same as those payable to its predecessor unless otherwise agreed between the

Company and such successor. After the retiring or removed Agent's resignation or

removal hereunder, the provisions of this Article and Section 8.4 shall continue in effect

for the benefit of such retiring or removed Agent, its sub-agents and their respective

Related Parties in respect of any actions taken or omitted to be taken by any of them

while the retiring or removed Agent was acting as Agent.

7.7**Delegation of Duties**. The Agent may perform any and all of its duties and exercise its

rights and powers hereunder by or through any one or more sub-agents appointed by the

Agent. The Agent and any such sub-agent may perform any and all of its duties and

exercise its rights and powers by or through their respective Related Parties. The

exculpatory provisions of this Article shall apply to any such sub-agent and to the Related

Parties of the Agent and any such sub-agent.

7.8**Non-Reliance on Agent and Other Lenders**. Each Lender acknowledges that it has,

independently and without reliance upon the Agent or any other Lender or any of their

Related Parties and based on such documents and information as it has deemed

appropriate, made its own credit analysis and decision to enter into this Agreement. Each

Lender also acknowledges that it will, independently and without reliance upon the Agent

or any other Lender or any of their Related Parties and based on such documents and

information as it shall from time to time deem appropriate, continue to make its own

decisions in taking or not taking action under or based upon this Agreement or any

related agreement or any document furnished hereunder.

7.9**No Other Duties, etc**.Anything herein to the contrary notwithstanding, none of the

Bookrunners, Arrangers, Syndication Agents or Documentation Agents listed on the

cover page hereof shall have any powers, duties or responsibilities under this Agreement,

except in its capacity, as applicable, as the Agent or a Lender hereunder.

7.10**Lender ERISA Representation**. Each Lender party to this Agreement as of the Closing

Date represents and warrants as of the Closing Date to the Agent and each other Joint

Lead Arranger and their respective Affiliates, and not, for the avoidance of doubt, for the

benefit of the Company or any other Borrower, that such Lender is not and will not be (i)

an employee benefit plan subject to Title I of ERISA, (ii) a plan or account subject to

Section 4975 of the Internal Revenue Code; (iii) an entity deemed to hold "plan assets" of

any such plans or accounts for purposes of ERISA or the Internal Revenue Code that is

using "plan assets" of any such plans or accounts to fund or hold Advances or perform its

obligations under this Agreement; or (iv) a "governmental plan" within the meaning of

ERISA.

7.11**Recovery of Erroneous Payments**.

(a)If the Agent (x) notifies a Lender, or any Person who has received funds on behalf of a

Lender (any such Lender or other recipient (and each of their respective successors and

assigns), a "**Payment Recipient**") that the Agent has determined in its sole discretion

(whether or not after receipt of any notice under immediately succeeding clause (b)) that

any funds (as set forth in such notice from the Agent) received by such Payment

Recipient from the Agent or any of its Affiliates were erroneously or mistakenly

transmitted to, or otherwise erroneously or mistakenly received by, such Payment

Recipient (whether or not known to such Lender or other Payment Recipient on its

behalf) (any such funds, whether transmitted or received as a payment, prepayment or

repayment of principal, interest, fees, distribution or otherwise, individually and

collectively, an "**Erroneous Payment**") and (y) demands in writing the return of such

Erroneous Payment (or a portion thereof), such Erroneous Payment shall at all times

remain the property of the Agent pending its return or repayment as contemplated below

in this Section 7.11 and held in trust for the benefit of the Agent, and such Lender shall

(or, with respect to any Payment Recipient who received such funds on its behalf, shall

cause such Payment Recipient to) promptly, but in no event later than two Business Days

thereafter (or such later date as the Agent may, in its sole discretion, specify in writing),

return to the Agent the amount of any such Erroneous Payment (or portion thereof) as to

which such a demand was made, in same day funds, together with interest thereon

(except to the extent waived in writing by the Agent) in respect of each day from and

including the date such Erroneous Payment (or portion thereof) was received by such

Payment Recipient to the date such amount is repaid to the Agent in same day funds at

the greater of the Federal Funds Rate and a rate determined by the Agent in accordance

with banking industry rules on interbank compensation from time to time in effect. A

notice of the Agent to any Payment Recipient under this clause (a) shall be conclusive,

absent manifest error.

(b)Without limiting immediately preceding clause (a), each Lender or any Person who has

received funds on behalf of a Lender (and each of their respective successors and

assigns), agrees that if it receives a payment, prepayment or repayment (whether received

as a payment, prepayment or repayment of principal, interest, fees, distribution or

otherwise) from the Agent (or any of its Affiliates) (x) that is in a different amount than,

or on a different date from, that specified in this Agreement or in a notice of payment,

prepayment or repayment sent by the Agent (or any of its Affiliates) with respect to such

payment, prepayment or repayment, (y) that was not preceded or accompanied by a

notice of payment, prepayment or repayment sent by the Agent (or any of its Affiliates),

or (z) that such Lender, or other such recipient, otherwise becomes aware was

transmitted, or received, in error or by mistake (in whole or in part), then in each such

case:

(i)it acknowledges and agrees that (A) in the case of immediately preceding clauses

(x) or (y), an error and mistake shall be presumed to have been made (absent

written confirmation from the Agent to the contrary) or (B) an error and mistake

has been made (in the case of immediately preceding clause (z)), in each case,

with respect to such payment, prepayment or repayment; and

(ii)such Lender shall (and shall use commercially reasonable efforts to cause any

other recipient that receives funds on its respective behalf to) promptly (and, in all

events, within one Business Day of its knowledge of the occurrence of any of the

circumstances described in immediately preceding clauses (x), (y) and (z)) notify

the Agent of its receipt of such payment, prepayment or repayment, the details

thereof (in reasonable detail) and that it is so notifying the Agent pursuant to this

Section 7.11(b).

For the avoidance of doubt, the failure to deliver a notice to the Agent pursuant to this

Section 7.11(b) shall not have any effect on a Payment Recipient's obligations pursuant

to Section 7.11(a) or on whether or not an Erroneous Payment has been made.

(c)Each Lender hereby authorizes the Agent to set off, net and apply any and all amounts at

any time owing to such Lender under this Agreement, or otherwise payable or

**distributable** by the Agent to such Lender under this Agreement with respect to any

payment of principal, interest, fees or other amounts, against any amount that the Agent

has demanded to be returned under immediately preceding clause (a).

(d)(i) In the event that an Erroneous Payment (or portion thereof) is not recovered by the

Agent for any reason, after demand therefor in accordance with immediately preceding

clause (a), from any Lender that has received such Erroneous Payment (or portion

thereof) (and/or **from** any Payment Recipient who received such Erroneous Payment (or

portion thereof) on its respective behalf) (such unrecovered amount, an "**Erroneous**

**Payment Return Deficiency**"), upon the Agent's notice to such Lender at any time, then

effective immediately (with the consideration therefor being acknowledged by the parties

hereto), (A) such Lender shall be deemed to have assigned its Advances (but not its

Commitments) in an amount equal to the Erroneous Payment Return Deficiency (or such

lesser amount as the Agent may specify) (such assignment of the Advances (but not

Commitments), the "**Erroneous Payment Deficiency Assignment**") (on a cashless basis

and such amount calculated at par plus any accrued and unpaid interest (with the

assignment fee to be waived by the Agent in such instance)), and is hereby (together with

the Company) deemed to execute and deliver an assignment agreement (or, to the extent

applicable, an agreement incorporating an assignment agreement by reference pursuant to

an approved electronic platform as to which the Agent and such parties are participants)

with respect to such Erroneous Payment Deficiency Assignment, and such Lender shall

deliver any Notes evidencing such Advances to the Company or the Agent (but the

failure of such Person to deliver any such Notes shall not affect the effectiveness of the

foregoing assignment), (B) the Agent as the assignee Lender shall be deemed to have

acquired the Erroneous Payment Deficiency Assignment, (C) upon such deemed

acquisition, the Agent as the assignee Lender shall become a Lender, as applicable,

hereunder with respect to such Erroneous Payment Deficiency Assignment and the

assigning Lender shall cease to be a Lender, as applicable, hereunder with respect to such

Erroneous Payment Deficiency Assignment, excluding, for the avoidance of doubt, its

obligations under the indemnification provisions of this Agreement and its applicable

Commitments which shall survive as to such assigning Lender, (D) the Agent and the

Company shall each be deemed to have waived any consents required under this

Agreement to any such Erroneous Payment Deficiency Assignment, and (E) the Agent

will reflect in the Register its ownership interest in the Advances subject to the Erroneous

Payment Deficiency Assignment. For the avoidance of doubt, no Erroneous Payment

Deficiency Assignment will reduce the Commitments of any Lender and such

Commitments shall remain available in accordance with the terms of this Agreement.

(ii) Subject to Section 2.20 (but excluding, in all events, any assignment consent or

approval requirements (whether from the Company or otherwise)), the Agent may, in

its discretion, sell any Advances acquired pursuant to an Erroneous Payment

Deficiency Assignment and upon receipt of the proceeds of such sale, the Erroneous

Payment Return Deficiency owing by the applicable Lender shall be reduced by the

net proceeds of the sale of such Advance (or portion thereof), and the Agent shall

retain all other rights, remedies and claims against such Lender (and/or against any

recipient that receives funds on its respective behalf). In addition, an Erroneous

Payment Return Deficiency owing by the applicable Lender (x) shall be reduced by

the proceeds of prepayments or repayments of principal and interest, or other

distribution in respect of principal and interest, received by the Agent on or with

respect to any such Advances acquired from such Lender pursuant to an Erroneous

Payment Deficiency Assignment (to the extent that any such Advances are then

owned by the Agent) and (y) may, in the sole discretion of the Agent, be reduced by

any amount specified by the Agent in writing to the applicable Lender from time to

time.

(e)The parties hereto agree that (x) irrespective of whether the Agent may be equitably

subrogated, in the event that an Erroneous Payment (or portion thereof) is not recovered

from any Payment Recipient that has received such Erroneous Payment (or portion

thereof) for **any** reason, the Agent shall be subrogated to all the rights and interests of

such Payment Recipient (and, in the case of any Payment Recipient who has received

funds on behalf of a Lender, to the rights and interests of such) under this Agreement

with respect to such amount (the "**Erroneous Payment Subrogation Rights**") <u>(provided</u>

that the Borrowers' obligations under this Agreement in respect of the Erroneous

Payment Subrogation Rights shall not be duplicative of such obligations in respect of

Advances that have been assigned to the Agent under an Erroneous Payment Deficiency

Assignment) and (y) an Erroneous Payment shall not pay, prepay, repay, discharge or

otherwise satisfy any obligations owed by the Company or any other Borrower under this

Agreement; <u>provided</u> that this Section 7.11 shall not be interpreted to increase (or

accelerate the due date for), or have the effect of increasing (or accelerating the due date

for), the obligations of any Borrower relative to the amount (and/or timing for payment)

of such obligations that would have been payable had such Erroneous Payment not been

made by the Agent; <u>provided</u>, further, that for the avoidance of doubt, immediately

preceding clauses (x) and (y) shall not apply to the extent any such Erroneous Payment is,

and solely with respect to the amount of such Erroneous Payment that is, comprised of

funds received by the Agent from any Borrower for the purpose of making such

Erroneous Payment.

(f)To the extent permitted by applicable law, no Payment Recipient shall assert any right or

claim to an Erroneous Payment, and hereby waives, and is deemed to waive, any claim,

counterclaim, defense or right of set-off or recoupment with respect to any demand, claim

or counterclaim by the Agent for the return of any Erroneous Payment received,

including, without limitation, any defense based on "discharge for value" or any similar

doctrine.

(g)Each party's obligations, agreements and waivers under this Section 7.11 shall survive

the resignation or replacement of the Agent, any transfer of rights or obligations by, or

the replacement of, a Lender, the termination of the Commitments and/or the repayment,

satisfaction or discharge of all obligations (or any portion thereof) of the Borrowers under

this Agreement.

**ARTICLE 8**

**Miscellaneous**

8.1**Modification, Consents and Waivers**.

(a)<u>Waiver</u>. No failure or delay on the part of any Lender in exercising any power or right

hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any

such right or power preclude any other or further exercise thereof or the exercise of any

other right or power hereunder. No notice to or demand on the Borrowers in any case

shall entitle the Borrowers to any other or further notice or demand in similar or other

circumstances.

(b)<u>Amendment</u>. No amendment or waiver of any provision of this Agreement, any Notes or

any Guaranties, nor consent to any departure by the Borrowers therefrom, shall in any

event be effective unless such amendment, waiver or consent is in writing and signed by

the Company and the Majority Lenders, and then such amendment, waiver or consent

shall be effective only in the specific instance and for the specific purpose for which

given; <u>provided</u>, <u>however</u>, that no amendment, waiver or consent shall do any of the

following:

(i)waive any of the conditions specified in Section 5.1 or 5.4, unless in writing and

signed by all the Lenders,

(ii)except as provided in Section 2.19 or Section 2.21, increase or extend the

Commitments of the Lenders or subject the Lenders to any additional obligations,

unless in writing and signed by each Lender directly affected thereby,

(iii)reduce the principal of, or rate of interest on, the Advances or any fees or other

amounts payable hereunder, unless in writing and signed by each Lender directly

affected thereby,

(iv)except as provided in Section 2.21, postpone any date fixed for any payment of

principal of, or interest on, the Advances or any fees or other amounts payable

hereunder, unless in writing and signed by each Lender directly affected thereby,

(v)change the percentage of the Commitments or of the aggregate unpaid principal

amount of the Advances or the number of Lenders required for the Lenders or any

of them to take any action hereunder, or the definition of "Majority Lenders",

unless in writing and signed by all the Lenders,

(vi)amend this Section 8.1, unless in writing and signed by all the Lenders,

(vii)release TBC from any of its obligations under any Guaranty or limit the liability

of TBC as guarantor thereunder, unless in writing and signed by all the Lenders,

or

(viii)change Section 2.17 or any other provision of this Agreement in a manner that

would alter the pro rata sharing of payments required thereby without the written

consent of each Lender directly and adversely affected thereby;

and <u>provided further</u> that no amendment, waiver, or consent shall, unless in writing and

signed by the Agent in addition to the Lenders required above to take such action, affect

the rights or duties of the Agent under this Agreement or any Note.

(c)<u>Majority Lenders</u>. Notwithstanding the foregoing, this Section 8.1 shall not affect the

provisions of Section 4.4, "Waivers of Covenants", or Article 6, "Events of Default".

8.2**Notices**.

(a)<u>Addresses</u>. All communications and notices provided for hereunder shall be in writing

and mailed, telecopied, telexed or delivered and,

if to the Agent, as set forth on Schedule II;

if to any Borrower,

care of The Boeing Company

100 N. Riverside Plaza

Mail Code: 5003 3648

Chicago, Illinois 60606

Attention: Boeing Treasury - Corporate Finance and Banking

if to any Lender, at its Applicable Lending Office; or,

as to each party, at such other address as designated by such party in a written notice to

each other party referring specifically to this Agreement.

(b)<u>Effectiveness of Notices</u>. All communications and notices shall, when mailed, telecopied,

or telexed, be effective when deposited in the mail, telecopied, or confirmed by telex

answerback, respectively, provided that delivery of the items referred to in clauses (1),

(3), (5) and (6) of Section 4.1(a) shall be effective when deemed to have been delivered

as provided in such Section.

(c)<u>Electronic Mail</u>. Electronic mail may be used to distribute routine communications, such

as financial statements and other information, and documents to be signed by the parties

hereto; <u>provided, however</u>, that no Notice of Borrowing, signature, or other notice or

document intended to be legally binding shall be effective if sent by electronic mail

unless agreed by the Agent.

(d)Internet Distributions.

(1)So long as Citibank or any of its Affiliates is the Agent, such materials as may be

agreed between the Borrowers and the Agent may be delivered to the Agent in an

electronic medium in a format acceptable to the Agent and the Lenders by e-mail

at oploanswebadmin@citigroup.com. The Borrowers agree that the Agent may

make such materials, as well as any other written information, documents,

instruments and other material relating to the Company, any of its Subsidiaries or

any other materials or matters relating to this Agreement, the Notes or any of the

transactions contemplated hereby (collectively, the "**Communications**") available

to the Lenders by posting such notices on Intralinks (the "**Platform**"). The

Borrowers acknowledge that (i) the distribution of material through an electronic

medium is not necessarily secure and that there are confidentiality and other risks

associated with such distribution, (ii) the Platform is provided "as is" and "as

available" and (iii) neither the Agent nor any of its Affiliates warrants the

accuracy, adequacy or completeness of the Communications or the Platform and

each expressly disclaims liability for errors or omissions in the Communications

or the Platform. No warranty of any kind, express, implied or statutory, including,

without limitation, any warranty of merchantability, fitness for a particular

purpose, noninfringement of third party rights or freedom from viruses or other

code defects, is made by the Agent or any of its Affiliates in connection with the

Platform.

(2)Each Lender agrees that notice to it (as provided in the next sentence) (a

"**Notice**") specifying that any Communications have been posted to the Platform

shall constitute effective delivery of such information, documents or other

materials to such Lender for purposes of this Agreement; <u>provided</u> that if

requested by any Lender the Agent shall deliver a copy of the Communications to

such Lender by email or telecopier. Each Lender agrees (i) to notify the Agent in

writing of such Lender's e-mail address to which a Notice may be sent by

electronic transmission (including by electronic communication) on or before the

date such Lender becomes a party to this Agreement (and from time to time

thereafter to ensure that the Agent has on record an effective e-mail address for

such Lender) and (ii) that any Notice may be sent to such e-mail address.

8.3**Costs, Expenses and Taxes**.

(a)TBC shall pay upon written request all reasonable costs and expenses in connection with

the preparation, execution, delivery, modification and amendment requested by any of the

Borrowers of this Agreement, any Notes and the Guaranties (including, without

limitation, printing costs and the reasonable fees and out-of-pocket expenses of counsel

for the Agent) and costs and expenses, if any, in connection with the enforcement of this

Agreement, any Notes and the Guaranties (whether through negotiations, legal

proceedings or otherwise and including, without limitation, the reasonable fees and out-

of-pocket expenses of counsel), as well as any and all stamp and other taxes, and to save

the Lenders and other holders of interests in the Advances or any Notes harmless from

any and all liabilities with respect to or resulting from any delay by or omission of the

Borrowers to pay such taxes, if any, which may be payable or determined to be payable

in connection with the execution and delivery of this Agreement, any Notes and the

Guaranties.

(b)TBC agrees to indemnify the Agent and each Lender and each of their Affiliates and their

officers, directors, employees, agents and advisors (each, an "**Indemnified Party**") from

and against any and all claims, damages, losses, liabilities, penalties and expenses

(including, without limitation, reasonable fees and expenses of counsel) incurred by or

asserted or awarded against any Indemnified Party, in each case arising out of or in

connection with or by reason of (including, without limitation, in connection with any

investigation, litigation or proceeding or preparation of a defense in connection

therewith) the Advances, this Agreement, the Notes, any of the transactions contemplated

herein or the actual or proposed use of the proceeds of the Advances, except to the extent

such claim, damage, loss, liability or expense resulted from such Indemnified Party's

gross negligence or willful misconduct as determined by a court of competent jurisdiction

by final and nonappealable judgment and except that no Indemnified Party shall have the

right to be indemnified hereunder to the extent such indemnification relates to

relationships of, between or among each of, or any of, the Agent, the Lenders, any

assignee of a Lender or any participant. In the case of any investigation, litigation or other

proceeding to which this Section 8.3 applies, such indemnity shall be effective whether or

not such investigation, litigation or proceeding is brought by TBC, its directors,

shareholders or creditors or an Indemnified Party or any other Person or an Indemnified

Party is otherwise a party thereto and whether or not the transactions contemplated

hereby are consummated.

(c)The Borrowers also agree not to assert any claim on any theory of liability for special,

indirect, consequential or punitive damages against the Agent, any Lender, any of their

Affiliates, or any of their respective directors, officers, employees, attorneys and agents,

arising out of or otherwise relating to the Notes, this Agreement, any of the transactions

contemplated herein or the actual or proposed use of the proceeds of Advances.

(d)Without prejudice to the survival of any other agreement of the Borrowers hereunder, the

agreements and obligations of the Borrowers contained in Sections 2.13, 2.14 and 8.3

shall survive the payment in full of principal, interest and all other amounts payable

hereunder and under the Notes for a period of seven years.

8.4**Binding Effect**. This Agreement shall be binding upon and inure to the benefit of the

Borrowers, the Lenders and the Agent, and their respective successors and assigns, except

that the Borrowers may not assign or transfer their rights hereunder without the prior

written consent of all of the Lenders.

8.5**Severability**. Any provision of this Agreement which is prohibited or unenforceable in

any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such

prohibition or unenforceability without invalidating the remaining provisions hereof, and

any such prohibition or unenforceability in any jurisdiction shall not invalidate or render

unenforceable such provision in any other jurisdiction.

8.6**Governing Law**. This Agreement, any Notes, the Guaranties and each Borrower

Subsidiary Letter shall be deemed to be contracts under the laws of the State of New

York and for all purposes shall be construed in accordance with the laws of such State.

8.7**Headings**. The **Table of Contents** and Article and Section headings used in this

Agreement are for convenience only and shall not affect the construction of this

Agreement.

8.8**Execution in Counterparts**. This Agreement may be executed in any number of

counterparts and by different parties hereto 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. Delivery of an executed signature page of this

Agreement, or of any amendment or waiver of any provision of this Agreement or any

Notes or of any Exhibit to be executed and delivered hereunder, shall be effective as

delivery of a manually executed counterpart thereof by facsimile transmission or other

electronic format shall be effective as delivery of a manually executed counterpart hereof

or thereof. The words "execution," "signed," "signature," and words of like import in this

Agreement shall be deemed to include electronic signatures or electronic records, each of

which shall be of the same legal effect, validity or enforceability as a manually executed

signature or the use of a paper-based recordkeeping system, as the case may be, to the

extent and as provided for in any applicable law, including the Federal Electronic

Signatures in Global and National Commerce Act, the New York State Electronic

Signatures and Records Act, or any other similar state laws based on the Uniform

Electronic Transactions Act.

8.9**Right of Set-Off**. Each Lender and each of its Affiliates that is or was at one time a

Lender hereunder is authorized at any time and from time to time, upon

(i)the occurrence and during the continuance of any Event of Default and

(ii)the making of the request or the granting of the consent specified by Section 6.2

to authorize the Agent to declare any Advances due and payable pursuant to the

provisions of Section 6.2,

to the fullest extent permitted by law, without notice to any Borrower (any such notice

being expressly waived by each Borrower), 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 any time owing by such Lender or such Affiliate to or for the credit or the

account of any Borrower against any and all of the obligations to such Lender or such

Affiliate of such Borrower now or hereafter existing under this Agreement and any Notes

held by such Lender, whether or not such Lender has made a demand under this

Agreement or such Notes and although such obligations may be unmatured. Each Lender

shall promptly notify any Borrower after any such setoff and application made by such

Lender, <u>provided</u> that the failure to give such notice shall not affect the validity of such

setoff and application. The rights of each Lender under this Section are in addition to

other rights and remedies (including, without limitation, other rights of setoff) which such

Lender and its Affiliates may have.

8.10**Confidentiality**. Neither the Agent nor any Lender shall disclose any Confidential

Information to any other Person without the consent of a Borrower, other than

(a)to the Agent's or such Lender's Affiliates and their officers, directors, employees, agents,

representatives and advisors ("**Permitted Parties**") and their respective professional

advisors and, as contemplated by Section 2.20(f), to actual or prospective assignees and

participants and their respective agents and advisors, and then only on a confidential

basis,

(b)as required by any law, rule or regulation or judicial process,

(c)any rating agency, or direct or indirect provider of credit protection to any Permitted

Party, and then only on a confidential basis; and

(d)as requested or required by any state, federal or foreign regulatory, supervisory,

governmental or quasi-governmental authority with jurisdiction over a Permitted Party or

examiner regulating banks or banking or other financial institutions.

The Agent and the Lenders are strictly prohibited from disclosing the existence of this

Agreement and information about this Agreement to market data collectors, similar service

providers to the lending industry and service providers.

8.11**Agreement in Effect**. This Agreement shall become effective upon its execution and

delivery, respectively, to the Agent and TBC by TBC and the Agent, and when the Agent

shall have been notified by each Lender listed on Schedule I that such Lender has

executed it.

8.12**Patriot Act Notice**. Each Lender and the Agent (for itself and not on behalf of any

Lender) hereby notifies the Company that pursuant to the requirements of Section 326 of

the USA Patriot Act (Title III of Pub.L. 107-56 (signed into law October 26, 2001)) and

the promulgated regulations thereto (the "**Patriot Act**"), it is required to obtain, verify

and record information that identifies each Borrower, which information includes the

name and address of such Borrower and other information that will allow such Lender or

the Agent, as applicable, to identify such Borrower in accordance with the Patriot Act.

Each Borrower shall provide, to the extent commercially reasonable, such information

and take such actions as are reasonably requested by the Agent or any Lenders in order to

assist the Agent and the Lenders in maintaining compliance with the Patriot Act.

8.13**Jurisdiction, Etc**.

(a)Each of the parties hereto hereby irrevocably and unconditionally agrees that it will not

commence any action, litigation or proceeding of any kind or description, whether in law

or equity, whether in contract or in tort or otherwise, against any other party hereto or any

Related Party of the foregoing arising out of or relating to this Agreement or the Notes, in

any forum other than any New York State court or federal court of the United States of

America sitting in New York City, Borough of Manhattan, and any appellate court from

any thereof, and each of the parties hereto irrevocably and unconditionally submits to the

jurisdiction of such courts and agrees that all claims in respect of any such action,

litigation or proceeding may be heard and determined in such New York State court or, to

the fullest extent permitted by applicable law, in such federal court, and each of the

parties hereto hereby irrevocably and unconditionally agrees that all claims in respect of

any such action or proceeding may be heard and determined in any such New York State

court or, to the extent permitted by applicable law, in such federal court. Each Subsidiary

Borrower hereby agrees that service of process in any such action or proceeding may be

made upon the Company and each Subsidiary Borrower hereby irrevocably appoints the

Company its authorized agent to accept such service of process, and agrees that the

failure of the Company to give any notice of any such service shall not impair or affect

the validity of such service or of any judgment rendered in any action or proceeding

based thereon. Each Borrower hereby further irrevocably consents to the service of

process in any action or proceeding in such courts by the mailing thereof by any parties

hereto by registered or certified mail, postage prepaid, to the Company at its address

specified pursuant to Section 8.2. Each of the parties hereto agrees that a final judgment

in any such action or proceeding shall be conclusive and may be enforced in other

jurisdictions by suit on the judgment or in any other manner provided by law.

(b)Each of the parties hereto irrevocably and unconditionally waives, to the fullest extent it

may legally and effectively do so, any objection that it may now or hereafter have to the

laying of venue of any suit, action or proceeding arising out of or relating to this

Agreement or the Notes in any New York State or federal court. Each of the parties

hereto hereby irrevocably waives, to the fullest extent permitted by law, the defense of an

inconvenient forum to the maintenance of such action or proceeding in any such court.

8.14**No Fiduciary Duty**

The Agent, each Lender and their Affiliates may have economic interests that conflict

with those of the Borrowers. TBC agrees that in connection with all aspects of the

transactions contemplated hereby and any communications in connection therewith, TBC

and its Affiliates, on the one hand, and the Agent, the Lenders and their respective

Affiliates, on the other hand, will have a business relationship that does not create, by

implication or otherwise, any fiduciary duty on the part of the Agent, the Lenders or their

respective Affiliates and no such duty will be deemed to have arisen in connection with

any such transactions or communications.

8.15**Waiver of Jury Trial**

Each party hereto hereby irrevocably waives, to the fullest extent permitted by applicable

law, any right it may have to a trial by jury in any legal proceeding directly or indirectly

arising out of or relating to this Agreement or the transactions contemplated hereby

(whether based on contract, tort or any other theory). Each party hereto (a) certifies that

no representative, agent or attorney of any other person has represented, expressly or

otherwise, that such other person would not, in the event of litigation, seek to enforce the

foregoing waiver and (b) acknowledges that it and the other parties hereto have been

induced to enter into this Agreement by, among other things, the mutual waivers and

certifications in this Section.

8.16**Acknowledgement and Consent to Bail-In of Certain Financial Institutions**

Notwithstanding anything to the contrary in this Agreement or in any other agreement,

arrangement or understanding among any such parties, each party hereto acknowledges

and accepts that any liability of any Lender that is an Affected Financial Institution

arising under this Agreement, to the extent such liability is unsecured, may be subject to

the Write-Down and Conversion Powers of the applicable Resolution Authority and

agrees and consents to, and acknowledges and agrees to be bound by:

(a)the application of any Write-Down and Conversion Powers by the applicable Resolution

Authority to any such liabilities arising hereunder which may be payable to it by any

party hereto that is an Affected Financial Institution; and

(b)the effects of any Bail-In Action on any such liability, including, if applicable:

(i)a reduction in full or in part or cancellation of any such liability;

(ii)a conversion of all, or a portion of, such liability into shares or other instruments

of ownership in such Affected Financial Institution, its parent undertaking, or a

bridge institution that may be issued to it or otherwise conferred on it, and that

such shares or other instruments of ownership will be accepted by it in lieu of any

rights with respect to any such liability under this Agreement; or

(iii)the variation of the terms of such liability in connection with the exercise of the

Write-Down and Conversion Powers of the applicable Resolution Authority.

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed

by their officers there unto duly authorized as of the day and year first above written.

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| | |
|:---|:---|
| THE BOEING COMPANY | THE BOEING COMPANY |
| By: | /s/ David R. Whitehouse |
|  | Name:David R. Whitehouse |
|  | Title:Senior Vice President & <br>Treasurer<br>|

---

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| | |
|:---|:---|
| CITIBANK, N.A., Individually and<br>as Agent | CITIBANK, N.A., Individually and<br>as Agent |
| By: | /s/ Susan M. Olsen |
|  | Name:Susan M. Olsen |
|  | Title:Vice President |

---

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| | |
|:---|:---|
| JPMORGAN CHASE BANK, N.A. | JPMORGAN CHASE BANK, N.A. |
| By: | /s/ Robert P. Kellas |
|  | Name:Robert P. Kellas |
|  | Title:Executive Director |

---

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| | |
|:---|:---|
| BANK OF AMERICA, N.A. | BANK OF AMERICA, N.A. |
| By: | /s/ Prathamesh Kshirsagar |
|  | Name:Prathamesh Kshirsagar |
|  | Title:Director |
| WELLS FARGO BANK, NATIONAL <br>ASSOCIATION | WELLS FARGO BANK, NATIONAL <br>ASSOCIATION |
| By: | /s/ Nathan R. Rantala |
|  | Name:Nathan R. Rantala |
|  | Title:Managing Director |
| GOLDMAN SACHS BANK USA | GOLDMAN SACHS BANK USA |
| By: | /s/ Thomas Manning |
|  | Name:Thomas Manning |
|  | Title:Authorized Signatory |
| MORGAN STANLEY SENIOR FUNDING, <br>INC. | MORGAN STANLEY SENIOR FUNDING, <br>INC. |
| By: | /s/ Michael King |
|  | Name:Michael King |
|  | Title:Vice President |
| BNP PARIBAS | BNP PARIBAS |
| By: | /s/ Edward Witz |
|  | Name:Edward Witz |
|  | Title:Managing Director |
| By: | /s/ Cody Flanzer |
|  | Name:Cody Flanzer |
|  | Title:Vice President |
| DEUTSCHE BANK AG NEW YORK <br>BRANCH | DEUTSCHE BANK AG NEW YORK <br>BRANCH |
| By: | /s/ Ming K. Chu |
|  | Name:Ming K. Chu |
|  | Title:Director |
| By: | /s/ Marko Lukin |
|  | Name:Marko Lukin |
|  | Title:Vice President |

---

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| | |
|:---|:---|
| MIZUHO BANK, LTD. | MIZUHO BANK, LTD. |
| By: | /s/ Donna DeMagistris |
|  | Name:Donna DeMagistris |
|  | Title:Managing Director |
| SUMITOMO MITSUI BANKING <br>CORPORATION | SUMITOMO MITSUI BANKING <br>CORPORATION |
| By: | /s/ Alkesh Nanavaty |
|  | Name:Alkesh Nanavaty |
|  | Title:Executive Director |
| ROYAL BANK OF CANADA | ROYAL BANK OF CANADA |
| By: | /s/ Benjamin Lennon |
|  | Name:Benjamin Lennon |
|  | Title: |
| CREDIT AGRICOLE CORPORATE AND <br>INVESTMENT BANK | CREDIT AGRICOLE CORPORATE AND <br>INVESTMENT BANK |
| By: | /s/ Gordon Yip |
|  | Name:Gordon Yip |
|  | Title:Director |
| By: | /s/ Felix Vasquez |
|  | Name:Felix Vasquez |
|  | Title:Director |
| BARCLAYS BANK PLC | BARCLAYS BANK PLC |
| By: | /s/ Charlene Saldanha |
|  | Name:Charlene Saldanha |
|  | Title:Director |
| MUFG, LTD. | MUFG, LTD. |
| By: | /s/ George Stoecklein |
|  | Name:George Stoecklein |
|  | Title:Managing Director |

---

---

| | |
|:---|:---|
| BMO BANK N.A. | BMO BANK N.A. |
| By: | /s/ AndrewDegrassi |
|  | Name:Andrew Degrassi |
|  | Title:Director |
| BANCO SANTANDER, S.A., NEW YORK <br>BRANCH | BANCO SANTANDER, S.A., NEW YORK <br>BRANCH |
| By: | /s/ Andres Barbosa |
|  | Name:Andres Barbosa |
|  | Title:Managing Director |
| By: | /s/ Carolina Gutierrez |
|  | Name:Carolina Gutierrez |
|  | Title:Executive Director |

---

---

| | |
|:---|:---|
| DBS BANK LTD. | DBS BANK LTD. |
| By: | /s/ Deborah Goh |
|  | Name:Deborah Goh |
|  | Title:Assistant Vice President |
| COMMERZBANK AG, NEW YORK <br>BRANCH | COMMERZBANK AG, NEW YORK <br>BRANCH |
| By: | /s/ Michael Ravelo |
|  | Name:Michael Ravelo |
|  | Title:Managing Director |

---

---

| | |
|:---|:---|
| By: | /s/ Robert Sullivan |
|  | Name:Robert Sullivan |
|  | Title:Director |

---

---

| | |
|:---|:---|
| STANDARD CHARTERED BANK | STANDARD CHARTERED BANK |
| By: | /s/ Vahid Sazegara |
|  | Name:Vahid Sazegara |
|  | Title:Executive Director |

---

---

| | |
|:---|:---|
| U.S. BANK NATIONAL ASSOCIATION | U.S. BANK NATIONAL ASSOCIATION |
| By: | /s/ Paul F. Johnson |
|  | Name:Paul F. Johnson |
|  | Title:Senior Vice President |

---

---

| | |
|:---|:---|
| THE NORTHERN TRUST COMPANY | THE NORTHERN TRUST COMPANY |
| By: | /s/ Lisa DeCristofaro |
|  | Name:Lisa DeCristofaro |
|  | Title:Senior Vice President |
| AUSTRALIA AND NEW ZEALAND <br>BANKING GROUP LIMITED | AUSTRALIA AND NEW ZEALAND <br>BANKING GROUP LIMITED |
| By: | /s/ Cynthia Dioquino |
|  | Name:Cynthia Dioquino |
|  | Title:Director |
| LLOYDS BANK CORPORATE MARKETS <br>PLC | LLOYDS BANK CORPORATE MARKETS <br>PLC |
| By: | /s/ Catherine Lim |
|  | Name:Catherine Lim |
|  | Title:Assistant Vice President |
| By: | /s/ Tina Wong |
|  | Name:Tina Wong |
|  | Title:Assistant Vice President |
| STATE BANK OF INDIA | STATE BANK OF INDIA |
| By: | /s/ Vankata Rao K. |
|  | Name:Venkata Rao K. |
|  | Title:Vice President |

---

---

| | |
|:---|:---|
| WESTPAC BANKING CORPORATION | WESTPAC BANKING CORPORATION |
| By: | /s/ Richard Yarnold |
|  | Name:Richard Yarnold |
|  | Title:Tier Two Attorney |

---

---

| | |
|:---|:---|
| FIRST ABU DHABI BANK USA N.V. | FIRST ABU DHABI BANK USA N.V. |
| By: | /s/ Pamela Sigda |
|  | Name:Pamela Sigda |
|  | Title:Country Chief Financial Officer |
| By: | /s/ Ora Helmholz |
|  | Name:Ora Helmholz |
|  | Title:Chief Operating Officer |

---

---

| | |
|:---|:---|
| RIYAD BANK, HOUSTON AGENCY | RIYAD BANK, HOUSTON AGENCY |
| By: | /s/ Chris Chambers |
|  | Name:Chris Chambers |
|  | Title:General Manager |
| By: | /s/ Wafaa Tawadrous |
|  | Name:Wafaa Tawadrous |
|  | Title:Operations Manager |
| BANK OF CHINA, NEW YORK BRANCH | BANK OF CHINA, NEW YORK BRANCH |
| By: | /s/ Raymond Qiao |
|  | Name:Raymond Qiao |
|  | Title:Executive Vice President |

---

SCHEDULE I

COMMITMENTS

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| | |
|:---|:---|
| **<u>Name of Initial Lender</u>** | **<u>Commitment</u>** |
| Citibank, N.A. | $227982954.55 |
| JPMorgan Chase Bank, N.A. | $227982954.52 |
| Bank of America, N.A. | $197727272.73 |
| Wells Fargo Bank, National Association | $197727272.73 |
| Goldman Sachs Bank USA | $178409090.91 |
| Morgan Stanley Senior Funding, Inc. | $178409090.91 |
| BNP Paribas | $165340909.09 |
| Deutsche Bank AG New York Branch | $165340909.09 |
| Mizuho Bank, Ltd. | $165340909.09 |
| Sumitomo Mitsui Banking Corporation | $165340909.09 |
| Royal Bank of Canada | $153409090.91 |
| Credit Agricole Corporate and Investment Bank | $136363636.36 |
| Barclays Bank PLC | $122727272.73 |
| MUFG Bank, Ltd. | $112500000.00 |
| BMO Bank N.A. | $100000000.00 |
| Banco Santander, S.A., New York Branch | $93750000.00 |
| DBS Bank Ltd. | $66477272.73 |
| Commerzbank AG, New York Branch | $63068181.82 |
| Standard Chartered Bank | $42613636.36 |
| U.S. Bank National Association | $38352272.73 |
| The Northern Trust Company | $34090909.09 |
| Australia and New Zealand Banking Group Limited | $28977272.73 |
| Lloyds Bank Corporate Markets plc | $28977272.73 |
| State Bank of India, New York Branch | $28977272.73 |
| Westpac Banking Corporation | $28977272.73 |
| First Abu Dhabi Bank USA N.V. | $18750000.00 |
| Riyad Bank, Houston Agency | $18750000.00 |

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#100689102v10

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| | |
|:---|:---|
| **<u>Name of Initial Lender</u>** | **<u>Commitment</u>** |
| Bank of China, New York Branch | $13636363.64 |
| Total of Commitments: | $3000000000.00 |

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