# EDGAR Filing Document

**Accession Number:** 0001005229
**File Stem:** 0001193125-26-037694
**Filing Date:** 2026-2
**Character Count:** 2112469
**Document Hash:** 174db85dfd6748b00132d238ebd84822
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-037694.hdr.sgml**: 20260204

**ACCESSION NUMBER**: 0001193125-26-037694

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 20

**CONFORMED PERIOD OF REPORT**: 20260129

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

**ITEM INFORMATION**: Termination of a Material Definitive Agreement

**ITEM INFORMATION**: Completion of Acquisition or Disposition of Assets

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

**ITEM INFORMATION**: Unregistered Sales of Equity Securities

**ITEM INFORMATION**: Material Modifications to Rights of Security Holders

**ITEM INFORMATION**: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

**ITEM INFORMATION**: Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260204

**DATE AS OF CHANGE**: 20260204

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** COLUMBUS MCKINNON CORP
- **CENTRAL INDEX KEY:** 0001005229
- **STANDARD INDUSTRIAL CLASSIFICATION:** CONSTRUCTION MACHINERY & EQUIP [3531]
- **ORGANIZATION NAME:** 06 Technology
- **EIN:** 160547600
- **STATE OF INCORPORATION:** NY
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-34362
- **FILM NUMBER:** 26598768

**BUSINESS ADDRESS:**
- **STREET 1:** 13320 BALLANTYNE CORPORATE PLACE
- **STREET 2:** SUITE D
- **CITY:** CHARLOTTE
- **STATE:** NC
- **ZIP:** 28277
- **BUSINESS PHONE:** 7166895400

**MAIL ADDRESS:**
- **STREET 1:** 13320 BALLANTYNE CORPORATE PLACE
- **STREET 2:** SUITE D
- **CITY:** CHARLOTTE
- **STATE:** NC
- **ZIP:** 28277

?xml version='1.0' encoding='ASCII'? 8-K

### 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): January 29, 2026

## COLUMBUS McKINNON CORPORATION

#### (Exact name of registrant as specified in its charter)

---

| | | |
|:---|:---|:---|
| **New York** | **001-34362** | **16-0547600** |
| **(State or other jurisdiction**<br> **of incorporation)** | **(Commission**<br> **File Number)** | **(IRS Employer**<br> **Identification No.)** |

---

---

| | | | |
|:---|:---|:---|:---|
| **13320 Ballantyne Corporate Place, Suite D** | **Charlotte** | **NC** | **28277** |
| **(Address of principal executive offices)** | **(Address of principal executive offices)** | **(Address of principal executive offices)** | **(Zip Code)** |

---

#### Registrant's telephone number, including area code: (716) 689-5400

#### Not applicable

#### (Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

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

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

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

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

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

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| | | |
|:---|:---|:---|
| **Title of each class** | **Trading**<br> **Symbol(s)** | **Name of each exchange**<br> **on which registered** |
| Common Stock, $0.01 par value per share | CMCO | The Nasdaq Stock Market LLC |

---

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

Emerging growth company ☐

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

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#### Introductory Note
As previously disclosed in the Current Report on Form 8-K filed by Columbus McKinnon Corporation, a New York corporation (the "Company"), with the Securities and Exchange Commission (the "SEC") on February 12, 2025, the Company entered into a Stock Purchase Agreement, dated as of February 10, 2025 (the "Stock Purchase Agreement"), by and among the Company, Kito Crosby Limited, a company incorporated under the laws of England and Wales ("Kito Crosby"), the equityholders of Kito Crosby set forth on the signature pages thereto and Ascend Overseas Limited, solely in its capacity as the representative. Pursuant to the Stock Purchase Agreement, and subject to the satisfaction or waiver of the conditions set forth therein, the Company agreed to purchase all of the issued and outstanding equity of Kito Crosby (the "Kito Crosby Acquisition").

On February 3, 2026, upon the terms and subject to the conditions set forth in the Stock Purchase Agreement, the Company closed the Kito Crosby Acquisition.

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| | |
|:---|:---|
| **Item 1.01** | **Entry into a Material Definitive Agreement.**  |

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*New Credit Agreement* 

On February 3, 2026, and in connection with the closing of the Kito Crosby Acquisition, the Company, Columbus McKinnon EMEA GmbH and certain other subsidiaries of the Company entered into a credit agreement (the "New Credit Agreement") with the lenders from time to time party thereto and JPMorgan Chase Bank, N.A., as Administrative Agent and Collateral Agent. The New Credit Agreement provides for credit facilities (the "Facilities") consisting of a Revolving Credit Facility in an aggregate amount of $500.0 million (the "Revolving Facility") and a Term Loan B Facility (the "Term Loan B Facility") in an aggregate amount of $1,650.0 million.

The key terms of the New Credit Agreement are as follows:

(1) Term Loan B Facility: An aggregate $1,650.0 million Term Loan B Facility, which requires quarterly principal amortization of 0.25% with the remaining principal due at the maturity date. In addition, if the Company has Excess Cash Flow ("ECF") as defined in the New Credit Agreement, the Company will be required to prepay the ECF Prepayment Amount (as defined below) of the ECF for each fiscal year minus certain agreed deductions pursuant to Section 4.4 of the New Credit Agreement other than to the extent that any such prepayment is funded with the proceeds of Funded Debt (as defined in the New Credit Agreement), shall be applied toward the prepayment of the Term Loan B Facility. The ECF Prepayment Amount is defined as 50%, stepping down to 25% or 0% based on the achievement of specified Consolidated First Lien Leverage Ratios (as defined in the New Credit Agreement). Further, the Company is able to draw additional Incremental Facilities (as defined in the New Credit Agreement) by entering into incremental amendments. Lenders shall have no obligation to participate in any increase for any Incremental Facility unless they agree to do so in their sole discretion. The Term Loan B Facility matures seven years after the closing date of the Kito Crosby Acquisition and the entry into the New Credit Agreement.

(2) Revolving Facility: An aggregate $500.0 million Revolving Facility, which includes sublimits for the issuance of letters of credit and bankers' acceptances, swingline loans and multi-currency borrowings in certain specified foreign currencies. The Revolving Facility matures five years after the closing date of the Kito Crosby Acquisition and the entry into the New Credit Agreement.

(3) Fees and Interest Rates: Interest rates for the Facilities are determined on the basis of either a term SOFR or a base rate plus an applicable margin. In the case of term SOFR loans under the Term Loan B Facility, such margin is 3.50%, and in the case of dollar denominated term SOFR loans under the Revolving Facility, such margin ranges from 2.25% to 3.25% based upon the Company's Consolidated Total Leverage Ratio (as defined in the New Credit Agreement). Commitment fees with respect to the Revolving Facility range from 0.40% to 0.55% based upon the Company's Consolidated Total Leverage Ratio.

(4) Prepayments: Provisions contained in the New Credit Agreement permit a Borrower (as defined in the New Credit Agreement) to voluntarily prepay either the Term Loan B Facility or the Revolving Facility in whole or in part at any time, and provisions contained in the New Credit Agreement require certain mandatory prepayments of the Term Loan B Facility or Revolving Facility on the occurrence of certain events, which will permanently reduce the commitments and/or loans under the New Credit Agreement.

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(5) Covenants: Provisions containing customary covenants required of the Company and its subsidiaries including various affirmative and negative financial and operational covenants. The key financial covenants prohibit the Consolidated First Lien Leverage Ratio (as defined in the New Credit Agreement) for the reference period ended on such date from exceeding 7.75 to 1.00 as of any date of determination with stepdowns for the first three years to 7.25 to 1.00, 6.75 to 1.00 and 6.25 to 1.00.

(6) Collateral/Guaranty: Obligations under the New Credit Agreement are secured by liens on substantially all assets of the Company and its material wholly-owned domestic subsidiaries and, with respect to the obligations of any designated borrower under the New Credit Agreement organized outside the United States, the assets of certain foreign entities (subject to certain exceptions and requirements). The Company's obligations under the New Credit Agreement are guaranteed by the Company's current and future material domestic wholly-owned subsidiaries, subject to certain exceptions. The obligations of the Company's non-U.S. subsidiaries that are Borrowers under the New Credit Agreement may be guaranteed by certain of the Company's subsidiaries organized outside of the U.S.

Proceeds from the Term Loan B Facility and from the portion of the Revolving Facility drawn on date of the Kito Crosby Acquisition were used, together with the net proceeds from the offering of the Notes (as defined below and the proceeds from the sale of the Preferred Shares (as defined below) to finance the Kito Crosby Acquisition (including the repayment of Kito Crosby's existing indebtedness), to refinance the Existing Credit Agreement (as defined below), to pay any related fees and expenses and to finance working capital and other general corporate purposes.

The description above of the Facilities and the New Credit Agreement does not purport to be complete and is qualified in its entirety by the New Credit Agreement, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.

*Indenture and Supplemental Indenture* 

On January 30, 2026, the Company completed an offering of $900.0 million in aggregate principal amount of its 7.125% Senior Secured Notes due 2033 (the "Notes") in a private placement to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), outside the United States to certain persons in reliance on Regulation S under the Securities Act or to "institutional" accredited investors (as defined in Rule 501(a)(1), (2), (3), (7), (8), (9), (12) or (13) under Regulation D promulgated under the Securities Act).

The Notes were issued pursuant to an indenture, dated as of January 30, 2026 (the "Indenture"), between the Company and Wilmington Trust, National Association, as trustee (the "Trustee") and as note collateral agent (the "Note Collateral Agent"). On February 3, 2026, and in connection with the closing of the Kito Crosby Acquisition, the Company, the guarantors party thereto (the "Note Guarantors"), the Trustee and the Note Collateral Agent entered into a first supplemental indenture (the "Supplemental Indenture") pursuant to which, among other things, the Note Guarantors unconditionally guaranteed the Notes.

The Notes mature on February 1, 2033 and bear interest at a rate of 7.125% per year payable semi-annually in cash in arrears on February 1 and August 1 of each year. The first such interest payment will be made on August 1, 2026.

Prior to the closing of the Kito Crosby Acquisition, the Notes were not guaranteed and were the Company's senior unsecured indebtedness. Following the closing of the Kito Crosby Acquisition and the entry into the Supplemental Indenture, the Notes are (i) secured by a first priority security interest in substantially all of the assets of the Company and its U.S. subsidiaries that guarantee the New Credit Agreement, subject to certain thresholds, exceptions and permitted liens and (ii) unconditionally guaranteed, jointly and severally, on a senior secured basis by the Company's U.S. subsidiaries that guarantee the New Credit Agreement or certain capital markets debt.

The Company may redeem the Notes, in whole or in part, at its option, at any time and from time to time on and after February 1, 2029, at the following redemption prices (expressed as percentages of principal amount), plus accrued and unpaid interest, if any, to, but excluding, the relevant redemption date, if redeemed during the twelve-month period beginning on February 1 of the years set forth below:

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| | |
|:---|:---|
| Redemption Period | Price |
| 2029 | 103.563% |
| 2030 | 101.781% |
|  2031 and thereafter | 100.000% |

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In addition, during any 12-month period prior to February 1, 2029, the Company may redeem up to 10.0% of the original aggregate principal amount of the Notes (including the principal amount of any additional Notes of the same series) at a redemption price (expressed as a percentage of principal amount thereof) of 103.000% of the aggregate principal amount thereof, plus accrued and unpaid interest, if any, to, but excluding, the redemption date.

At any time and from time to time prior to February 1, 2029, the Company at its option may redeem up to 40.0% of the aggregate principal amount of the Notes with the aggregate proceeds of certain equity offerings at a price equal to 107.125% of the principal amount of the Notes to be redeemed, plus accrued and unpaid interest, if any, to, but excluding, the redemption date.

At any time prior to February 1, 2029, the Company may, at its option, redeem some or all of the Notes at a redemption price equal to 100.0% of the aggregate principal amount of the Notes to be redeemed, plus a "make-whole" premium and accrued and unpaid interest, if any, to, but excluding, the redemption date.

Upon the occurrence of a Change of Control (as defined in the Indenture), the Company may be required to offer to repurchase the Notes at a price of 101.0% of the aggregate principal amount thereof, plus accrued and unpaid interest, if any, to, but excluding, the repurchase date.

The Indenture contains certain covenants applicable to the Company and its restricted subsidiaries, including limitations on liens, incurrence of indebtedness and mergers, consolidations and sale of assets. The Indenture also contains requirements relating to additional subsidiary guarantors. Each of these covenants is subject to important exceptions and qualifications. In addition, most of these covenants will be suspended for so long as the Notes are rated investment grade by either Moody's Investment Service, Inc. or Standard & Poor's Financial Services LLC and no default under the Indenture has occurred and is continuing.

The Indenture provides for customary events of default, including the following (subject to any applicable cure period): nonpayment, breach of covenants in the Indenture, payment defaults under or acceleration of certain other indebtedness, failure to discharge certain judgments and certain events of bankruptcy, insolvency and reorganization. If an event of default occurs or is continuing, the Trustee, acting at the direction of holders of at least 30.0% in aggregate principal amount of the Notes then outstanding, may declare the principal of, premium, if any, and accrued and unpaid interest, if any, to be due and payable immediately.

The description above of the Indenture, the Notes and the Supplemental Indenture does not purport to be complete and is qualified in its entirety by the Indenture (including the Form of Note for the Notes) and the Supplemental Indenture, which are filed as Exhibits 4.1 and 4.2, respectively, to this Current Report on Form 8-K and are incorporated herein by reference.

*Registration Rights Agreement* 

On February 3, 2026, as contemplated by the previously disclosed Investment Agreement, dated as of February 10, 2025 (the "Investment Agreement"), by and among the Company, CD&R XII Keystone Holdings, L.P., a Cayman Islands exempted limited partnership (the "CD&R Investor"), and Clayton, Dubilier & Rice Fund XII, L.P., a Cayman Islands exempted limited partnership (solely for the purpose of limited provisions therein), the Company entered into a registration rights agreement (the "Registration Rights Agreement") with the CD&R Investor pursuant to which the Company agrees to file a resale shelf registration statement for the benefit of the CD&R Investor, its affiliated funds and their respective permitted transferees, and pursuant to which the CD&R Investor may, subject to any restrictions on transfer imposed by the Investment Agreement, request that the Company conduct an underwritten offering of, or register, any common shares of the Company, par value $0.01 per share (the "Common Shares"), or any Series A Cumulative Convertible Participating Preferred Shares of the Company, par value $1.00 per share (the "Preferred Shares"), held by the CD&R Investor, including any Common Shares received upon conversion of Preferred Shares held by the CD&R Investor and eligible for registration thereunder ("registrable securities"). The CD&R Investor also has customary piggyback registration rights and may request that the Company include its registrable securities in certain future registration statements or offerings of Common Shares by the Company. These registration rights terminate when the CD&R Investor and its affiliated funds no longer own any registrable securities.

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The description above of the Registration Rights Agreement does not purport to be complete and is qualified in its entirety by the Registration Rights Agreement, which is filed as Exhibit 10.2 to this Current Report on Form 8-K and is incorporated herein by reference.

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| | |
|:---|:---|
| **Item 1.02** | **Termination of a Material Definitive Agreement.**  |

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*Existing Credit Agreement* 

On February 3, 2026, in connection with the closing of the Kito Crosby Acquisition and entry into the New Credit Agreement, the Company terminated all commitments, and caused to be repaid in full all indebtedness, liabilities and other obligations, under the Amended and Restated Credit Agreement, dated as of May 14, 2021 (as amended, restated, amended and restated, supplemented or otherwise modified prior to the date hereof, the "Existing Credit Agreement"), by and among the Company, the lenders from time to time party thereto and JPMorgan Chase Bank, N.A., as administrative agent, and any other related loan documents.

*Debt Commitment Letter* 

In connection with the closing of the Notes offering and the Company's entry in the New Credit Agreement, the Company terminated its debt commitment letter, dated as of February 10, 2025, with JPMorgan Chase Bank, N.A., which had provided for $3.05 billion of borrowings consisting of a term loan facility in the aggregate amount of up to $1.325 billion, a revolving facility in the aggregate amount of $500.0 million and a bridge loan facility in the aggregate amount of up to $1.225 billion, in each case, to be used to finance the Kito Crosby Acquisition.

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| | |
|:---|:---|
| **Item 2.01** | **Completion of Acquisition or Disposition of Assets.**  |

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As previously disclosed in the Current Report on Form 8-K filed by the Company with the SEC on February 12, 2025, the Company entered into the Stock Purchase Agreement, pursuant to which, and subject to the satisfaction or waiver of the conditions set forth therein, the Company agreed to purchase all of the issued and outstanding equity of Kito Crosby from the equityholders thereof.

On February 3, 2026, upon the terms and subject to the conditions set forth in the Stock Purchase Agreement, the Company completed the Kito Crosby Acquisition. The aggregate consideration paid by the Company was $2.7 billion in cash, subject to certain customary adjustments with respect to, among other things, cash, debt, transaction expenses and working capital set forth in the Stock Purchase Agreement.

The description above of the Stock Purchase Agreement does not purport to be complete and is qualified in its entirety by the Stock Purchase Agreement, which is filed as Exhibit 2.1 to this Current Report on Form 8-K and is incorporated herein by reference. The Stock Purchase Agreement has been included in this Current Report on Form 8-K to provide investors with information regarding its terms and conditions. It is not intended to provide any other factual information about the Company, Kito Crosby or any of their respective subsidiaries. The representations, warranties and covenants contained in the Stock Purchase Agreement were made only for purposes of such agreement and as of specific dates, were made solely for the benefit of the parties to the Stock Purchase Agreement, may be subject to limitations agreed upon by the contracting parties, including being qualified by confidential disclosures made for the purpose of allocating contractual risk between the parties to the Stock Purchase Agreement instead of establishing these matters as facts, and are subject to materiality qualifications contained in the Stock Purchase Agreement, which may differ from what may be viewed as material by shareholders of, or other investors in, the Company. Such shareholders and investors are not third-party beneficiaries under the Stock Purchase Agreement and should not rely on the representations, warranties and covenants or any descriptions thereof as characterizations of the actual state of facts or condition of the Company, Kito Crosby or any of their respective subsidiaries or affiliates. Information related to the representations and warranties may change after the date of the Stock Purchase Agreement, and any changes to such information may not be reflected in the Company's public filings.

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

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The information set forth in Item 1.01 of this Current Report on Form 8-K under the headings "New Credit Agreement" and "Indenture and Supplemental Indenture" is incorporated herein by reference.

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|:---|:---|
| **Item 3.02** | **Unregistered Sales of Equity Securities.**  |

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On February 3, 2026, as contemplated by the Investment Agreement, the Company issued and sold to the CD&R Investor 800,000 Preferred Shares for an aggregate purchase price of $800.0 million or $1,000 per Preferred Share, pursuant to the Investment Agreement. Such issuance and sale is exempt from registration under the Securities Act pursuant to Section 4(a)(2) thereof. The CD&R Investor has represented to the Company that it is an "accredited investor" as defined in Rule 501(a) under the Securities Act and that the Preferred Shares are being acquired for investment purposes and not with a view to, or for sale in connection with, any distribution thereof.

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|:---|:---|
| **Item 3.03** | **Material Modification to Rights of Security Holders.**  |

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The information set forth in Item 5.03 below is incorporated by reference into this Item 3.03.

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|:---|:---|
| **Item 5.02** | **Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.**  |

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(d) On February 3, 2026, as contemplated by the Investment Agreement (which provides that, subject to the terms and conditions thereof, the CD&R Investor initially may designate three directors to the Company's Board of Directors (the "Board")), the Board, upon the recommendation of its Corporate Governance and Nomination Committee, appointed Michael Lamach, Nathan K. Sleeper and Andrew Campelli, each a partner or officer of, or advisor engaged by the funds managed by, Clayton, Dubilier & Rice, LLC ("CD&R"), as new members of the Board to serve until the 2026 annual meeting of shareholders of the Company. The Board has not yet made a determination regarding any committee assignments for Messrs. Lamach, Sleeper and Campelli. Messrs. Lamach, Sleeper and Campelli will be entitled to participate in the non-employee director compensation program described in the Company's proxy statement for its 2025 annual meeting of shareholders filed with the SEC on June 30, 2025. Messrs. Sleeper and Campelli have agreed to assign all of the compensation each of them would have received for services as a director to CD&R.

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| | |
|:---|:---|
| **Item 5.03** | **Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.**  |

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*Preferred Shares Amendment* 

On January 29, 2026 and as contemplated by the Investment Agreement, the Company filed a certificate of amendment (the "Preferred Shares Amendment") to the Company's Restated Certificate of Incorporation with the New York State Department of State establishing the rights, preferences, privileges, qualifications, restrictions and limitations of the new Preferred Shares. The Certificate of Amendment was filed in connection with, and as contemplated, by the Investment Agreement.

The Preferred Shares are convertible perpetual participating preferred shares of the Company, with an initial conversion price equal to $37.68, and accrue dividends at a rate of 7.0% per annum, in addition to participating in the Company's regular dividends to the extent such dividends exceed $0.07 per calendar quarter (such regular quarterly dividends up to $0.07 per calendar quarter, the "Permitted Quarterly Dividends"), compounded quarterly. Unless agreed to by the Company, no holder of Preferred Shares will be permitted to vote or convert Preferred Shares to the extent such vote or conversion would otherwise result in such holder and its affiliates (based on the aggregate Common Shares and Preferred Shares held by them) having the right to vote more than 45% of the votes held by all shareholders of the Company at any given time (the foregoing referred to below as the "Conversion and Vote Limitations").

The Preferred Shares rank senior to the Common Shares with respect to dividend rights and with respect to rights on liquidation, winding-up and dissolution. Holders of the Preferred Shares are entitled to dividends that are payable quarterly in arrears, accrue and accumulate on a daily basis from the issuance date of such Preferred Shares and are payable at the Company's option, either (i) in cash or (ii) accumulate with respect to each outstanding Preferred Share for the relevant payment period, at a rate of 7.00% per annum, compounded quarterly, subject to adjustment and as set forth in the Preferred Shares Amendment. Holders of the Preferred Shares are also entitled to receive certain dividends declared or paid on the

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Common Shares on an as-converted basis (ignoring for such purposes the Conversion and Vote Limitations). No dividends will be payable to holders of Common Shares unless the full dividends are paid at the same time to the holders of the Preferred Shares, except for dividends paid in the form of Common Shares, convertible securities, or options, and the Permitted Quarterly Dividends.

The terms of the Preferred Shares are more fully described in the Preferred Shares Amendment, a copy of which is attached hereto as Exhibit 3.1 and is incorporated herein by reference. This summary does not purport to be complete and is qualified in its entirety by reference to the Preferred Shares Amendment.

*Authorized Shares and Preemptive Rights Amendment* 

On January 29, 2026 and as contemplated by the Investment Agreement, the Company filed a certificate of amendment (the "Authorized Shares and Preemptive Rights Amendment") to the Company's Restated Certificate of Incorporation with the New York State Department of State to (i) increase the number of authorized shares of the Company's capital stock from 51,000,000 shares to 101,000,000 shares and to increase the number of authorized Common Shares from 50,000,000 Common Shares to 100,000,000 and (ii) permit the exercise by the CD&R Investor and its affiliated funds of preemptive rights provided for in the Investment Agreement for so long as the CD&R Investor and its affiliated funds hold Preferred Shares (or Common Shares issued upon conversion of the Preferred Shares) representing at least 25% of the Preferred Shares initially issued to the CD&R Investor to participate in future equity and equity-linked issuances by the Company to the extent necessary to maintain their pro rata ownership percentage interest in the Company, subject to customary exceptions.

This summary does not purport to be complete and is qualified in its entirety by reference to the Authorized Shares and Preemptive Rights Amendment, a copy of which is attached hereto as Exhibit 3.2 and is incorporated herein by reference.

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| | |
|:---|:---|
| **Item 7.01** | **Regulation FD Disclosure.**  |

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On February 4, 2026, the Company issued a press release announcing the closing of the Kito Crosby Acquisition, a copy of which is attached hereto as Exhibit 99.1 and hereby is incorporated by reference.

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| | |
|:---|:---|
| **Item 9.01** | **Financial Statements and Exhibits.**  |

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(a) Financial Statements for Businesses Acquired.

To be filed by amendment not later than 71 calendar days after the date this Current Report is required to be filed.

(b) Pro Forma Financial Information.

To be filed by amendment not later than 71 calendar days after the date this Current Report is required to be filed.

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(d) Exhibits.

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| | |
|:---|:---|
| EXHIBIT<br>NUMBER | DESCRIPTION |
| 2.1† | [Stock Purchase Agreement, dated as of February 10, 2025, by and among Columbus McKinnon Corporation, Kito Crosby Limited, the equityholders of Kito set forth on the signature pages thereto and Ascend Overseas Limited (incorporated by reference to Exhibit 2.1 to the Company's Current Report on Form 8-K dated February 12, 2025).](http://www.sec.gov/Archives/edgar/data/1005229/000119312525024548/d196112dex21.htm) |
| 3.1 | [Certificate of Amendment to the Certificate of Incorporation of Columbus McKinnon Corporation, filed with the New York Department of State on January 29, 2026.](d54396dex31.htm) |
| 3.2 | [Certificate of Amendment to the Certificate of Incorporation of Columbus McKinnon Corporation, filed with the New York Department of State on January 29, 2026.](d54396dex32.htm) |
| 4.1 | [Indenture, dated as of January 30, 2026, by and between Columbus McKinnon Corporation and Wilmington Trust, National Association, as Trustee and as Note Collateral Agent (including the Form of Note for the Notes).](d54396dex41.htm) |
| 4.2 | [First Supplemental Indenture, dated as of February 3, 2026, by and among Columbus McKinnon Corporation, the guarantors party thereto and Wilmington Trust, National Association, as Trustee and as Note Collateral Agent.](d54396dex42.htm) |
| 10.1 | [Credit Agreement, dated as of February 3, 2026, by and among Columbus McKinnon Corporation, Columbus McKinnon EMEA GmbH, certain other subsidiaries of Columbus McKinnon Corporation, the lenders from time to time party thereto and JPMorgan Chase Bank, N.A., as Administrative Agent and Collateral Agent.](d54396dex101.htm) |
| 10.2 | [Registration Rights Agreement, dated as of February 3, 2026, by and between Columbus McKinnon Corporation and CD&R XII Keystone Holdings, L.P.](d54396dex102.htm) |
| 99.1 | [Press release, dated February 4, 2026.](d54396dex991.htm) |
| 104 | Cover Page Interactive Data File (the cover page XBRL tags are embedded within the Inline XBRL document). |

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† The schedules to this Exhibit have been omitted in accordance with Regulation S-K Item 601(b)(2). The registrant agrees to furnish supplementally a copy of all omitted schedules to the Securities and Exchange Commission upon its request.

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SIGNATURES

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

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| | |
|:---|:---|
| COLUMBUS McKINNON CORPORATION | COLUMBUS McKINNON CORPORATION |
| By: | /s/ Gregory P. Rustowicz |
| Name: | Gregory P. Rustowicz |
| Title: | Executive Vice President - Finance and Chief Financial Officer (Principal Financial Officer) |

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Dated: February 4, 2026

## Exhibit 3.1

**Exhibit 3.1** 

**CERTIFICATE OF AMENDMENT** 

**TO THE** 

**CERTIFICATE OF INCORPORATION** 

**OF** 

**COLUMBUS MCKINNON CORPORATION** 

(Under Section 805 of the Business Corporation Law)

The undersigned, David J. Wilson, President and Chief Executive Officer, of Columbus McKinnon Corporation, a New York corporation (the "<u>Corporation</u>"), hereby certifies as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. The name of the Corporation is COLUMBUS MCKINNON CORPORATION. The name under which the Corporation was formed was COLUMBUS MCKINNON CHAIN CO., INC.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. The original Certificate of Incorporation was filed by the Department of State on September 23, 1929. The Restated Certificate of Incorporation of the Corporation, as amended from time to time (the "<u>Certificate of Incorporation</u>"), was filed by the Department of State on October 17, 2022.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. As authorized by Article FOURTH of the Certificate of Incorporation, the board of directors of the Corporation (hereinafter called the "<u>Board of Directors</u>," which term shall include any committee thereof duly authorized to act on behalf of such Board of Directors) has authorized the issuance of a series of preferred shares of the Corporation and has adopted resolutions providing for the issuance of such series, including the number, designation and relative rights, preferences and limitations of the shares of such series.

This Certificate of Amendment (this "<u>Certificate</u>") hereby amends the Certificate of Incorporation by the addition of the following Article NINTH setting forth, in full, the number, designation, relative rights, preferences and limitations of the foregoing series of preferred shares of the Corporation:

**NINTH:** 

Section 1. <u>Designation and Amount</u>. There is hereby authorized for issuance a series of preferred shares, par value $1.00 per share (the "<u>Preferred Shares</u>"). The shares of such series shall be designated as "Series A Cumulative Convertible Participating Preferred Shares" (the "<u>Series A Preferred Shares</u>") and the number of shares constituting the Series A Preferred Shares shall be 800,000. Subject to and in accordance with the provisions of <u>Section</u> <u>11(b)</u>, such number of shares may be increased or decreased by resolution of the Board of Directors; <u>provided</u>, that no decrease shall reduce the number of Series A Preferred Shares to a number less than the number of shares then outstanding plus the number of shares reserved for issuance upon the exercise of outstanding options, rights or warrants or upon the conversion of any outstanding securities issued by the Corporation convertible into Series A Preferred Shares.

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Section 2. <u>Rank</u>. Each Series A Preferred Share shall rank equally in all respects and shall be subject to the provisions herein. The Series A Preferred Shares shall, with respect to payment of dividends, redemption payments or rights (including as to the distribution of assets) upon Liquidation (as defined below), (i) rank senior and prior to the Corporation's common shares, par value $0.01 per share (the "<u>Common Shares</u>"), and each other class or series of equity securities of the Corporation, whether currently issued or issued in the future, that by its terms does not expressly rank senior to, or on parity with, the Series A Preferred Shares as to payment of dividends, redemption payments, rights (including as to the distribution of assets) upon Liquidation, or otherwise (all such equity securities, including the Common Shares, are collectively referred to herein as "<u>Junior Securities</u>"), (ii) rank junior to the Corporation's debt obligations and each class or series of equity securities of the Corporation, whether currently issued or issued in the future in accordance with this Article NINTH, that by its terms expressly ranks senior to the Series A Preferred Shares as to payment of dividends, redemption payments, rights (including as to the distribution of assets) upon Liquidation, or otherwise (all such equity securities are collectively referred to herein as "<u>Senior Securities</u>"), and (iii) rank on parity with each class or series of equity securities of the Corporation, whether currently issued or issued in the future in accordance with this Article NINTH, that expressly provides that it ranks on parity with the Series A Preferred Shares as to payment of dividends, redemption payments, rights (including as to the distribution of assets) upon Liquidation, or otherwise (all such equity securities are collectively referred to herein as "<u>Parity Securities</u>"). The respective definitions of Junior Securities, Senior Securities and Parity Securities shall also include any securities, rights or options exercisable or exchangeable for or convertible into any of the Junior Securities, Senior Securities or Parity Securities, as the case may be.

Section 3. <u>Definitions.</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) As used herein, the following terms shall have the meanings set forth below or in the section cross-referenced below, as applicable, whether used in the singular or the plural:

"<u>Accrued Dividends</u>" means, as of any date, with respect to any Series A Preferred Share, all dividends that have accrued in respect of such share pursuant to <u>Section</u> <u>4(a)(ii)</u> but that have not been paid as of such date as Cash Dividends.

"<u>Affiliate</u>" means, with respect to any Person, any other Person directly or indirectly controlling, controlled by or under common control with, such Person.

"<u>Base Amount</u>" means, with respect to any Series A Preferred Share, as of any date, the sum of (x) the Liquidation Preference and (y) the Base Amount Accrued Dividends with respect to such share as of such date.

"<u>Base Amount Accrued Dividends</u>" means, with respect to any Series A Preferred Share, as of any date, (i) if a Preferred Dividend Payment Date has occurred since the issuance of such share, the Accrued Dividends with respect to such share as of the preceding Preferred Dividend Payment Date (taking into account the payment of Preferred Dividends in respect of such period ending on such preceding Preferred Dividend Payment Date, if any, as of such Preferred Dividend Payment Date) or (ii) if no Preferred Dividend Payment Date has occurred since the issuance of such share, zero.

"<u>Base Dividend Rate</u>" means, for any day, 7.00% *per annum*.

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"<u>Beneficially Own</u>" and "<u>Beneficial Ownership</u>" has the meaning given such term in Rule 13d-3 under the Exchange Act, and a Person's beneficial ownership of Equity Interests of any Person shall be calculated in accordance with the provisions of such rule, but without taking into account any contractual restrictions or limitations on voting or other rights; <u>provided</u> that, for purposes of determining beneficial ownership, a Person shall be deemed to be the beneficial owner of any security which may be acquired by such Person, whether within sixty (60) days or thereafter, upon the conversion, exchange or exercise of any warrants, options, rights or other securities.

"<u>Board of Directors</u>" means the board of directors of the Corporation or any committee thereof duly authorized to act on behalf of such board of directors for the purposes in question.

"<u>Business Day</u>" means any day that is not a Saturday, a Sunday or any other day on which commercial banks are generally required or authorized by Law to be closed in New York City, New York.

"<u>By-Laws</u>" means the Amended and Restated By-Laws of the Corporation, as amended from time to time.

"<u>Cash Dividend</u>" has the meaning set forth in <u>Section</u> <u>4(a)(ii)</u>.

"<u>Certificate of Incorporation</u>" means the Restated Certificate of Incorporation of the Corporation, as amended from time to time.

"<u>Change of Control</u>" means the occurrence, directly or indirectly, of any of the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) any purchase, merger, acquisition or other transaction or series of related transactions immediately following which any Person or Group (excluding the Investor or its Affiliates or any Group including the Investor or its Affiliates) shall Beneficially Own, directly or indirectly, Voting Stock entitling such Person or Group to exercise more than 50% of the total voting power of all classes of Voting Stock of the Corporation, other than as a result of any such transaction in which (x) the holders of securities that represented 100% of the Voting Stock of the Corporation immediately prior to such transaction are substantially the same as the holders of securities that represent a majority of the total voting power of all classes of Voting Stock of the surviving Person or any parent entity thereof immediately after such transaction and (y) the holders of securities that represented 100% of the Voting Stock of the Corporation immediately prior to such transaction own directly or indirectly Voting Stock of the surviving Person or any parent entity thereof in substantially the same proportion to each other as immediately prior to such transaction;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) any transaction or series of related transactions immediately following which the Persons who Beneficially Own the Voting Stock of the Corporation immediately prior to such transaction or transactions cease to Beneficially Own more than 50% of the Voting Stock of the Corporation, any successor thereto or any parent entity thereof immediately following such transaction or transactions; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) (x) the Corporation merges or consolidates with or into any other Person, another Person merges with or into the Corporation, or the Corporation conveys, sells, transfers or leases all or substantially all of the Corporation's assets to another Person (other than a wholly-owned Subsidiary of the Corporation), or (y) the Corporation engages in any recapitalization, reclassification or other transaction in which all or substantially all

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of the Common Shares are exchanged for or converted into cash, securities or other property, in each case of clauses (x) and (y), other than any such transaction: (A) that does not result in a reclassification, conversion, exchange or cancellation of the outstanding Common Shares; (B) which is effected solely to change the Corporation's jurisdiction of incorporation and results in a reclassification, conversion or exchange of outstanding Common Shares solely into shares of common stock (or equivalent) of the surviving entity; or (C) where the Voting Stock of the Corporation outstanding immediately prior to such transaction remains, or is converted into or is exchanged for, Voting Stock of the surviving or transferee Person constituting a majority of the outstanding shares of Voting Stock of such surviving or transferee Person (immediately after giving effect to such merger or consolidation).

"<u>Change of Control Effective Date</u>" has the meaning set forth in <u>Section</u> <u>8(a)</u>.

"<u>Change of Control Redemption</u>" has the meaning set forth in <u>Section</u> <u>8(a)</u>.

"<u>Change of Control Redemption Notice</u>" has the meaning set forth in <u>Section</u> <u>8(b)</u>.

"<u>COC Redemption Price</u>" has the meaning set forth in <u>Section</u> <u>8(a)</u>.

"<u>Common Share Dividend Record Date</u>" has the meaning set forth in <u>Section</u> <u>4(a)(iv)</u>.

"<u>Common Share Trading Price</u>" means, as of any Trading Day, the closing price of a Common Share on such Trading Day (as reported on Bloomberg, based on composite transactions for the Trading Market).

"<u>Common Shares</u>" has the meaning set forth in <u>Section</u> <u>2</u>.

"<u>control</u>" (including the terms "<u>controlling</u>", "<u>controlled by</u>" and "<u>under common control with</u>"), with respect to the relationship between or among two or more Persons, means the possession, directly or indirectly, of the power to direct or cause the direction of the affairs or management of a Person, whether through the ownership of voting securities, as trustee or executor, by contract or otherwise.

"<u>Conversion Date</u>" has the meaning set forth in <u>Section</u> <u>6(b)(iv)</u>.

"<u>Conversion Notice</u>" has the meaning set forth in <u>Section</u> <u>6(b)(ii)</u>.

"<u>Conversion Option</u>" has the meaning set forth in <u>Section</u> <u>6(a)(i)(A)</u>.

"<u>Conversion Option Date</u>" has the meaning set forth in <u>Section</u> <u>6(a)(i)(A)</u>.

"<u>Conversion Option Measurement Period</u>" has the meaning set forth in <u>Section</u> <u>6(a)(i)(A)</u>.

"<u>Conversion Price</u>" means, as of any date, the Initial Conversion Price, as adjusted pursuant to <u>Section</u> <u>9</u>.

"<u>Conversion Right</u>" has the meaning set forth in <u>Section</u> <u>6(a)(i)(B)</u>.

"<u>Convertible Securities</u>" means indebtedness or Equity Interests convertible into or exchangeable for Common Shares.

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"<u>Corporation</u>" means Columbus McKinnon Corporation, a New York corporation.

"<u>Debt Financing</u>" means any loan to, indebtedness issued by or other borrowing of the Corporation or any of its Subsidiaries or the guarantee of any obligations (whether payment, performance or other obligations) of the Corporation or any of its Subsidiaries.

"<u>Debt Financing Documents</u>" means any and all credit agreements, notes, mortgages, deeds of trust and other instruments or documents that evidence any Debt Financing.

"<u>Dividend Payment Record Date</u>" has the meaning set forth in <u>Section</u> <u>4(a)(iv)</u>.

"<u>Dividend Rate</u>" means, for any day, the Base Dividend Rate as increased by the Noncompliance Additional Rate, if any, applicable on such day pursuant to <u>Section</u> <u>4(b)</u>.

"<u>Equity Interests</u>" of any Person means any and all shares, interests (including partnership interests), rights to purchase, warrants, options, participations or other equivalents of or interests in (however designated) equity of such Person, including any preferred stock, but excluding any debt securities convertible into such equity.

"<u>Ex-Date</u>" means, when used with respect to any distribution, the first date on which the Common Shares or other securities in question do not have the right to receive the distribution giving rise to an adjustment to the Conversion Price.

"<u>Exchange Act</u>" means the Securities Exchange Act of 1934, as amended from time to time.

"<u>Exchange Property</u>" has the meaning set forth in <u>Section</u> <u>7(a)</u>.

"<u>Governmental Entity</u>" means any transnational, multinational, domestic or foreign federal, state, provincial or local governmental, regulatory or administrative authority, instrumentality, department, court, arbitrator, agency, commission or official, including any political subdivision thereof, any state-owned or state-controlled enterprise, or any non-governmental self-regulatory agency, commission or authority.

"<u>Group</u>" means any "group" as such term is used in Section 13(d)(3) of the Exchange Act.

"<u>Holder</u>" means, at any time, any Person in whose name Series A Preferred Shares are registered, which may be treated by the Corporation as the absolute owner of such Series A Preferred Shares for the purpose of making payment and settling the related conversions and for all other purposes.

"<u>Holder COC Redemption Price</u>" has the meaning set forth in <u>Section</u> <u>8(a)</u>.

"<u>Implied Quarterly Dividend Amount</u>" means, with respect to any Series A Preferred Share, as of any date, the product of (a) the Base Amount of such Series A Preferred Share as of the first day of the applicable Payment Period and (b) one-fourth of the Dividend Rate applicable to such share on such date.

"<u>Initial Conversion Price</u>" means (i) with respect to each Series A Preferred Share issued on the Original Issuance Date, $37.68 per Common Share and (ii) with respect to each Series A Preferred Share issued after the Original Issuance Date, the Conversion Price in effect immediately prior to the issuance of such share.

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"<u>Investment Agreement</u>" means that certain Investment Agreement, dated as of February 10, 2025, by and among the Corporation, CD&R XII Keystone Holdings, L.P., a Cayman Islands exempted limited partnership, and, solely for purposes of Section 4.13 thereof, Clayton, Dubilier & Rice Fund XII, L.P., a Cayman Islands exempted limited partnership, as the same may be amended from time to time.

"<u>Investor</u>" means, collectively, one or more investment vehicles affiliated with or managed by Clayton, Dubilier & Rice, LLC who acquire Series A Preferred Shares pursuant to the Investment Agreement.

"<u>Issuance Date</u>" means, with respect to a Series A Preferred Share, the date of issuance of such Series A Preferred Share.

"<u>Junior Securities</u>" has the meaning set forth in <u>Section</u> <u>2</u>.

"<u>Law</u>" means any statute, law, ordinance, treaty, rule, code, regulation or other binding directive issued, promulgated or enforced by any Governmental Entity.

"<u>Liquidation</u>" means the voluntary or involuntary liquidation, dissolution or winding up of the Corporation.

"<u>Liquidation Preference</u>" means, with respect to each Series A Preferred Share, $1,000.00 per share.

"<u>Market Price</u>" means, with respect to any particular security on any particular date, (i) if such security is listed or quoted on a principal U.S. national or regional securities exchange or traded on an over-the-counter market, the volume weighted average price per share (as reported on Bloomberg based, in the case of a listed security, on composite transactions for the principal U.S. national or regional securities exchange on which such security is listed or quoted) of such security for the period of ten (10) consecutive Trading Days preceding (and excluding) the date of determination (or for any other period specified for this purpose in the applicable provision of this Article NINTH), or (ii) if such security is not listed or quoted on a principal U.S. national or regional securities exchange or traded on an over-the-counter market, the fair market value of such security on the date of determination, as determined pursuant to the Valuation Methodology.

"<u>NASDAQ</u>" means the NASDAQ Stock Market (or its successor).

"<u>Noncompliance Additional Rate</u>" means 3.00% per annum.

"<u>NYSE</u>" means the New York Stock Exchange (or its successor).

"<u>Optional Redemption</u>" has the meaning set forth in <u>Section</u> <u>10(a)</u>.

"<u>Options</u>" means rights, options or warrants to subscribe for, purchase or otherwise acquire Common Shares or Convertible Securities.

"<u>Original Issuance Date</u>" means the date of closing pursuant to the Investment Agreement.

"<u>Parity Securities</u>" has the meaning set forth in <u>Section</u> <u>2</u>.

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"<u>Participating Dividends</u>" has the meaning set forth in <u>Section</u> <u>4(a)(i)</u>.

"<u>Payment Period</u>" means, with respect to a Series A Preferred Share, the period beginning on the day after the preceding Preferred Dividend Payment Date (or if no Preferred Dividend Payment Date has occurred since the Issuance Date of such Series A Preferred Share, the day that would have been the day after the preceding Preferred Dividend Payment Date had the Issuance Date with respect to such Series A Preferred Share occurred prior to such date) to and including the next Preferred Dividend Payment Date.

"<u>Permitted Quarterly Dividends</u>" means, with respect to any calendar quarter, a dividend of up to $0.07 per Common Share during such calendar quarter.

"<u>Person</u>" means an individual, entity or group (within the meaning of Section 13(d)(3) or 14(d)(2) of the Exchange Act).

"<u>Preferred Dividend Payment Date</u>" means March 31, June 30, September 30 and December 31 of each year (each, a "Quarterly Date"), commencing on the first Quarterly Date immediately following the Original Issuance Date; <u>provided</u>, that if any such Quarterly Date is not a Business Day, then the "Preferred Dividend Payment Date" shall be the next Business Day immediately following such Quarterly Date.

"<u>Preferred Dividends</u>" has the meaning set forth in <u>Section</u> <u>4(a)(ii)</u>.

"<u>Preferred Shares</u>" has the meaning set forth in <u>Section</u> <u>1</u>.

"<u>Pro Rata Repurchase</u>" means any acquisition (whether effected by repurchase or redemption) of Common Shares by the Corporation or any Affiliate thereof (other than, if applicable, the Investor or any of its Affiliates) pursuant to any tender offer or exchange offer subject to Section 13(e) of the Exchange Act, or pursuant to any other offer available to substantially all holders of Common Shares, whether for cash, Equity Interests or other securities of the Corporation, evidences of indebtedness of the Corporation or any other Person or any other property (including Equity Interests, other securities or evidences of indebtedness of a Subsidiary of the Corporation), or any combination thereof, effected while any Series A Preferred Shares are outstanding; <u>provided</u> that "Pro Rata Repurchase" shall not include any acquisition (whether effected by repurchase or redemption) of shares by the Corporation or any Affiliate thereof made in accordance with the requirements of Rule 10b-18 as in effect under the Exchange Act. The "<u>Effective Date</u>" of a Pro Rata Repurchase means the date of acceptance of shares for purchase or exchange under any tender or exchange offer which is a Pro Rata Repurchase or the date of acquisition (whether effected by repurchase or redemption) with respect to any Pro Rata Repurchase that is not a tender or exchange offer.

"<u>Purchased Shares</u>" has the meaning set forth in <u>Section</u> <u>9(a)(iv)</u>.

"<u>Recognized Exchange</u>" means any of the following: the NASDAQ, The Nasdaq Global Market, The Nasdaq Global Select Market, the New York Stock Exchange, the NYSE American, the NYSE Arca, or the OTCQB or the OTCQX operated by OTC Markets Group, Inc. (or any nationally recognized successor to any of the foregoing).

"<u>Redemption Date</u>" has the meaning set forth in <u>Section</u> <u>10(a)</u>.

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"<u>Redemption Notice</u>" has the meaning set forth in <u>Section</u> <u>10(a)</u>.

"<u>Redemption Price</u>" has the meaning set forth in <u>Section</u> <u>10(a)</u>.

"<u>Register</u>" means the securities register maintained in respect of the Series A Preferred Shares by the Corporation, or to the extent the Corporation has engaged a transfer agent, such transfer agent.

"<u>Registration Rights Agreement</u>" means that certain Registration Rights Agreement, dated as of the Original Issuance Date, by and among the Corporation, CD&R XII Keystone Holdings, L.P., a Cayman Islands exempted limited partnership, and any Person who becomes a party thereto in accordance therewith, as the same may be amended from time to time.

"<u>Registration Statement</u>" means any registration statement of the Corporation filed with the U.S. Securities and Exchange Commission under the Securities Act covering the resale of all Series A Preferred Shares and Common Shares into which the Series A Preferred Shares have been or may be converted pursuant to this Article NINTH.

"<u>Reorganization Event</u>" means any of the following transactions:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) any reorganization, consolidation, merger, share exchange, statutory exchange, tender or exchange offer or other similar business combination involving the Corporation with or into another Person, in each case, pursuant to which the Common Shares will be converted into, or exchanged for, cash, securities or other property of the Corporation or another Person;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) any reclassification, recapitalization or reorganization of the Common Shares into securities other than the Common Shares; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) any direct or indirect sale, assignment, conveyance, transfer, lease or other disposition (including in connection with any Liquidation) by the Corporation of all or substantially all of its assets or business, in each case under this clause (iii), pursuant to which the Common Shares will be converted into cash, securities or other property.

"<u>Required Reserved Shares</u>" means, as of any date, a number of Common Shares equal to (a) the number of Common Shares issuable upon conversion of all then outstanding Series A Preferred Shares as of such date (disregarding for this purpose the last sentence of <u>Section</u> <u>6(a)(i)(B)</u>) *plus* (b) the number of additional Common Shares that the Series A Preferred Shares would be convertible into following the first Preferred Dividend Payment Date after such date if a Cash Dividend is not paid on such Preferred Dividend Payment Date.

"<u>Securities Act</u>" means the Securities Act of 1933, as amended.

"<u>Senior Securities</u>" has the meaning set forth in <u>Section</u> <u>2</u>.

"<u>Series A Preferred Shares</u>" has the meaning set forth in <u>Section</u> <u>1</u>.

"<u>Shelf Registration Statement</u>" means a shelf Registration Statement (on Form S-3 to the extent permissible or any comparable or successor form or forms or any similar short-form registration constituting a "shelf" registration statement).

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"<u>Subsidiary</u>" or "<u>Subsidiaries</u>" means, with respect to any Person, any other Person of which (i) if a corporation, a majority of the total voting power of shares of capital stock entitled (without regard to the occurrence of any contingency) to vote in the election of directors, managers or trustees thereof is at the time owned or controlled, directly or indirectly, by that Person or one or more of the other Subsidiaries of that Person or a combination thereof, or (ii) if a limited liability company, partnership, association or other business entity (other than a corporation), a majority of partnership or other similar ownership interest thereof is at the time owned or controlled, directly or indirectly, by that Person or one or more other Subsidiaries of that Person or a combination thereof and for this purpose, a Person or Persons owns a majority ownership interest in such a business entity (other than a corporation) if such Person or Persons shall be allocated a majority of such business entity's gains or losses or shall be or control any managing director or general partner of such business entity (other than a corporation). For the purposes hereof, the term "Subsidiary" shall include all Subsidiaries of such Subsidiary.

"<u>Trading Day</u>" means a day on which the Trading Market is open for the transaction of business.

"<u>Trading Market</u>" means the NASDAQ (or any nationally recognized successor thereto); provided, however, that in the event the Common Shares are not listed on the NASDAQ (or any nationally recognized successor thereto) but are then listed or traded on a Recognized Exchange, then the "<u>Trading Market</u>" shall mean such Recognized Exchange on which the Common Shares are then listed or traded.

"<u>Triggering Event</u>" means: (i) the Corporation's failure to (x) comply with its obligations to effect the conversion of Series A Preferred Shares in compliance with <u>Section</u> <u>6</u>, (y) as of any date, reserve and keep available out of its authorized and unissued Common Shares, solely for the purpose of effecting conversions of the Series A Preferred Shares into Common Shares, the Required Reserved Shares as of such date (disregarding for this purpose the last sentence of <u>Section</u> <u>6(a)(i)(B)</u>) or (z) to comply with the terms of <u>Section</u> <u>7</u>), (ii) the Corporation's failure to comply with its obligations to redeem Series A Preferred Shares when required in accordance with the terms of this Article NINTH, (iii) the Corporation taking any action which requires the prior affirmative vote or written consent of any Holder pursuant to the terms of this Article NINTH, including any action described in <u>Section</u> <u>11(b)</u>, without the prior affirmative vote or written consent of such required affirmative vote or written consent, (iv) the Corporation's failure to maintain the listing of the Common Shares on the NASDAQ or NYSE or (v) any other noncompliance with the terms set forth in this Article NINTH by the Corporation that, in case of this clause (v) is not cured within thirty (30) days of the earlier of (1) the Corporation's receipt of written notice from the Holders representing at least a majority of the then-issued and outstanding Series A Preferred Shares and (2) the Corporation becoming aware of such noncompliance.

"<u>Valuation Methodology</u>" means (i) if, within ten (10) Business Days following notice from the Corporation of a good faith determination by the Board of Directors, the Holders of a majority of the outstanding Series A Preferred Shares deliver written notice to the Corporation that they object to such determination, then determined by a nationally recognized independent investment banking firm that has for this purpose (x) been selected by the Board of Directors, and (y) been consented to by Holders of a majority of the outstanding Series A Preferred Shares or (ii) otherwise the good faith determination of the Board of Directors as set forth in the notice described in clause (i).

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"<u>Voting Cap</u>" has the meaning set forth in <u>Section</u> <u>11(a)</u>.

"<u>Voting Stock</u>" means Equity Interests of the class or classes pursuant to which the holders thereof have the general voting power under ordinary circumstances (determined without regard to any classification of directors) to elect one or more members of the Board of Directors (without regard to whether or not, at the relevant time, Equity Interests of any other class or classes (other than Common Shares) shall have or might have voting power by reason of the happening of any contingency).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) In addition to the above definitions, unless the context requires otherwise:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) any reference to any statute, regulation, rule or form as of any time shall mean such statute, regulation, rule or form as amended or modified and shall also include any successor statute, regulation, rule or form from time to time;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the word "including" shall be deemed to be followed by the words "without limitation";

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) references to "$" or "dollars" means the lawful coin or currency of the United States of America;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) the phrase "<u>to the extent</u>" means the degree to which something extends (and not "if"); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) references to "Section" are references to Sections of this Article NINTH.

Section 4. <u>Dividends.</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Holders of the issued and outstanding Series A Preferred Shares shall be entitled to receive, out of assets legally available for the payment of dividends, dividends on the terms described below:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Holders of Series A Preferred Shares shall be entitled to participate equally and ratably with the holders of Common Shares in dividends paid on the Common Shares (other than (A) dividends paid in the form of Common Shares, Convertible Securities or Options and (B) Permitted Quarterly Dividends) as if immediately prior to each Common Share Dividend Record Date, all Series A Preferred Shares then outstanding were converted into Common Shares (disregarding for this purpose the last sentence of <u>Section</u> <u>6(a)(</u><u>i</u><u>)(B)</u>). Dividends payable pursuant to this <u>Section</u> <u>4(a)(</u><u>i</u><u>)</u> (the "<u>Participating Dividends</u>") shall be payable on the same date that such dividends are payable to holders of Common Shares, and no dividends shall be payable to holders of Common Shares (except as otherwise provided in clauses (A) and (B) of the preceding sentence) unless the full dividends contemplated by this <u>Section</u> <u>4(a)(</u><u>i</u><u>)</u> are paid at the same time to the Holders of the Series A Preferred Shares.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) In addition to any dividends pursuant to <u>Section</u> <u>4(a)(</u><u>i</u><u>)</u>, on each Preferred Dividend Payment Date the Corporation shall either (at its option and sole discretion) (A) to the extent permitted by applicable Law, pay in cash (any Preferred Dividend paid in such manner, a "<u>Cash Dividend</u>"), if, as and when declared by the Board of Directors, out of funds legally available therefor, dividends on each outstanding Series A Preferred Share or (B) if the Corporation does not pay a Cash Dividend on such Preferred Dividend Payment Date, allow dividends, automatically and without any action of the Corporation, to accumulate with respect to each outstanding Series A Preferred Share for such Payment Period, thereby constituting Base Amount Accrued Dividends and increasing the Base Amount (such dividends in accordance with clause (A) or clause (B) above, the "<u>Preferred Dividends</u>"), in each case at a rate *per annum* equal to the Dividend Rate as further specified in this <u>Section</u> <u>4(a)(ii)</u> and in accordance with <u>Section</u> <u>4(a)(iii)</u> below. For the avoidance of doubt, if the Corporation has not made the Cash Dividend payment in full in cash with respect to any Preferred Dividend Payment Date on or prior to such Preferred Dividend Payment Date, then the Corporation shall be deemed to have elected to satisfy the Preferred Dividends with respect to such Preferred Dividend Payment Date by the mechanics set forth in clause (B) of this <u>Section</u> <u>4(a)(ii)</u>. Preferred Dividends on each Series A Preferred Share shall accrue and accumulate on a daily basis from the Issuance Date of such share, whether or not declared and whether or not the Corporation has funds legally available for the payment of such dividends, shall compound quarterly on each Preferred Dividend Payment Date (to the extent not paid in cash on or prior to such Preferred Dividend Payment Date) and shall be payable quarterly in arrears, if, as and when so authorized and declared by the Board of Directors, on each Preferred Dividend Payment Date, commencing on the first Preferred Dividend Payment Date following the Issuance Date of such share. The amount of Preferred Dividends accruing with respect to any Series A Preferred Share for any day shall be determined by dividing (<u>x</u>) the Implied Quarterly Dividend Amount as of such day by (<u>y</u>) the actual number of days in the applicable Payment Period. The amount of Preferred Dividends payable with respect to any Series A Preferred Share for any Payment Period shall equal the sum of the Preferred Dividends accrued in accordance with the prior sentence of this <u>Section</u> <u>4(a)(ii)</u> with respect to such share during such Payment Period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) Preferred Dividends that have accrued in a Payment Period may, at the option of the Corporation in its sole discretion and to the extent permitted by applicable Law, be paid as Cash Dividends in respect of such Payment Period; <u>provided</u> that (<u>x</u>) Cash Dividend payments shall be aggregated per Holder and shall be made to the nearest cent (with $.005 being rounded upward), and (<u>y</u>) Cash Dividends in respect of Accrued Dividends in respect of any Payment Period may be paid after the Preferred Dividend Payment Date in respect of such Payment Period solely with the consent of the Holders representing at least a majority of the then-issued and outstanding Series A Preferred Shares. Notwithstanding the foregoing or anything to the contrary in this Article NINTH, except as contemplated by clause (<u>y</u>) of the immediately preceding proviso, no Cash Dividends may be paid in respect of Accrued Dividends that have become Base Amount Accrued Dividends and the value associated with such Accrued Dividends shall be delivered to Holders through payment or conversion as contemplated by this Article NINTH (including in accordance with <u>Section</u> <u>5</u>, <u>Section</u> <u>6</u>, <u>Section</u> <u>7</u>, <u>Section</u> 8 and <u>Section</u> <u>10</u>).

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) Each Participating Dividend or Preferred Dividend shall be paid pro rata to the Holders of Series A Preferred Shares entitled thereto. Each Participating Dividend or Preferred Dividend shall be payable to the Holders of Series A Preferred Shares as they appear on the Register at the close of business on the record date designated by the Board of Directors for such dividends (each such date, a "<u>Dividend Payment Record Date</u>"), which (i) with respect to Participating Dividends, shall be the same day as the record date for the payment of dividends to the holders of Common Shares (the "<u>Common Share Dividend Record Date</u>"), and (ii) with respect to Preferred Dividends, shall be not more than thirty (30) days nor less than ten (10) days preceding the applicable Preferred Dividend Payment Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Upon the occurrence of a Triggering Event, the Dividend Rate shall increase by the Noncompliance Additional Rate from and including the date on which the Triggering Event shall occur and be continuing through but excluding the date on which all then occurring Triggering Events are no longer continuing. The Dividend Rate shall not be increased further pursuant to this <u>Section</u> <u>4(b)</u> for a subsequent Triggering Event occurring while the Dividend Rate is then-currently increased pursuant to this <u>Section</u> <u>4(b)</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) At any time during which a Triggering Event shall be occurring, without the consent of the Holders representing at least a majority of the then-issued and outstanding Series A Preferred Shares, (x) no dividends shall be declared or paid or set apart for payment, or other distributions declared or made, upon any Junior Securities (other than prior to December 31, 2026, Permitted Quarterly Dividends), nor shall any Junior Securities be redeemed, purchased or otherwise acquired for any consideration (nor shall any moneys be paid to or made available for a sinking fund for the redemption of any shares of any such Junior Securities) by the Corporation, directly or indirectly (other than repurchases or redemptions of Common Shares from employees, officers or directors of the Corporation or any of its Subsidiaries in the ordinary course of business and, subject to and in accordance with the provisions of <u>Section</u> <u>6</u> hereof, by conversion into or exchange for Junior Securities or the payment of cash in lieu of fractional shares in connection therewith (collectively, "<u>Permitted Junior Repurchases</u>")) and (y) the Corporation shall not consummate a Change of Control unless the Corporation provides each Holder the option to either (i) receive the consideration it would have received in such Change of Control if all of its Series A Preferred Shares had been converted into Common Shares (disregarding for this purpose the last sentence of <u>Section</u> <u>6(a)(</u><u>i</u><u>)(B)</u>) pursuant to <u>Section</u> <u>6</u>, immediately prior to the effective time of the Change of Control or (ii) have all of its then-outstanding Series A Preferred Shares redeemed in full at a redemption price per share in cash equal to 150% of the sum of (A) the aggregate Liquidation Preference and (B) the aggregate Accrued Dividends of such Series A Preferred Shares as of the date of such redemption.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Without the consent of the Holders representing at least a majority of the then-issued and outstanding Series A Preferred Shares, the Corporation shall not (i) declare, pay or set aside for payment any dividends or distributions upon any Junior Securities or (ii) repurchase, redeem or otherwise acquire any Junior Securities (other than Permitted Junior Repurchases) for any consideration or pay any moneys or make available for a sinking fund for the redemption of any shares of such Junior Securities,

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unless, in each case, (A) immediately before and after the taking of such action, the fair value of the Corporation's assets would exceed the sum of its debts (including for this purpose the aggregate Liquidation Preference and the aggregate Accrued Dividends of the Series A Preferred Shares), (B) immediately after the taking of such action, the Corporation, in its good faith judgment, would be able to pay all of its debts (including the aggregate Liquidation Preference and the aggregate Accrued Dividends of the Series A Preferred Shares) as they are reasonably expected to come due and (C) such action is otherwise in compliance with applicable Law.

Section 5. <u>Liquidation Rights.</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) In the event of any Liquidation, each Holder shall be entitled to receive liquidating distributions out of the assets of the Corporation legally available for distribution to its shareholders, before any payment or distribution of any assets of the Corporation shall be made or set apart for holders of any Junior Securities, including the Common Shares, for such Holder's Series A Preferred Shares in an amount equal to the greater of (i) the sum of (A) the aggregate Liquidation Preference and (B) the aggregate Accrued Dividends of such Series A Preferred Shares as of the date of the Liquidation and (ii) the amount such Holder would have received had such Series A Preferred Shares, immediately prior to such Liquidation, been converted into Common Shares (disregarding for this purpose the last sentence of <u>Section</u> <u>6(a)(</u><u>i</u><u>)(B)</u>) pursuant to <u>Section</u> <u>6</u>, without regard to any of the limitations on conversion or convertibility contained therein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) In the event the assets of the Corporation available for distribution to shareholders upon a Liquidation shall be insufficient to pay in full the amounts payable with respect to all outstanding Series A Preferred Shares pursuant to <u>Section</u> <u>5(a)</u>, such assets, or the proceeds thereof, shall be distributed among the Holders ratably in proportion to the full respective liquidating distributions to which they would otherwise be respectively entitled upon such Liquidation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Neither the sale, conveyance, exchange or transfer (for cash, equity securities, other securities or other consideration) of all or substantially all of the assets, capital stock or business of the Corporation (other than in connection with the liquidation, dissolution or winding up of the Corporation) nor the merger, consolidation, share exchange, statutory exchange or any other business combination transaction of the Corporation into or with any other Person shall by itself be deemed to be a Liquidation for purposes of this <u>Section</u> <u>5</u>.

Section 6. <u>Conversion.</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Conversion of Series A Preferred Shares</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Subject to and in accordance with the provisions of this <u>Section</u> <u>6</u>, Series A Preferred Shares may be converted into Common Shares as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A) For so long as a Shelf Registration Statement is in effect, if (a) at any time after the Original Issuance Date, the Common Share Trading Price exceeds 200% of the then-applicable Conversion Price for at least twenty (20) Trading Days (whether or not consecutive) during any 30 consecutive Trading Day period (such period, the "<u>Conversion Option Measurement Period</u>") and (b) the Corporation, at its

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option, delivers a written notice to the Holders of the Series A Preferred Shares within five (5) Business Days following the conclusion of the applicable Conversion Option Measurement Period, then each outstanding Series A Preferred Share shall be converted (the "<u>Conversion Option</u>"), as of the Business Day immediately prior to the date of such notice (the "<u>Conversion Option Date</u>"), into such number of fully paid and non-assessable Common Shares (calculated as to each conversion to the nearest 1/10,000th of a share) equal to the quotient of (A) the sum of (1) the Liquidation Preference and (2) the Accrued Dividends on such share as of the Conversion Option Date, divided by (B) the Conversion Price of such share in effect as of the Conversion Option Date; <u>provided</u> that, if any Common Shares issuable in connection with any Conversion Option would cause the voting rights of the Common Shares held by any Holder and its Affiliates at such time to exceed the Voting Cap, then the Corporation may, at its election, instead convert all of the Series A Preferred Shares other than solely the number of Series A Preferred Shares held by such Holder necessary to avoid such conversion resulting in the voting rights of the Common Shares held by such Holder and its Affiliates at such time to exceed the Voting Cap.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) Subject to the last sentence of this <u>Section</u> <u>6(a)(</u><u>i</u><u>)(B)</u>, each Holder shall have the right (the "<u>Conversion Right</u>"), at any time and from time to time at such Holder's option, to convert all or any portion of such Holder's Series A Preferred Shares into fully paid and non-assessable Common Shares. Upon a Holder's election to exercise its Conversion Right, each Series A Preferred Share for which the Conversion Right is exercised shall be converted into such number of Common Shares (calculated as to each conversion to the nearest 1/10,000th of a share) equal to the quotient of (A) the sum of (1) the Liquidation Preference and (2) the Accrued Dividends on such share as of the Conversion Date, divided by (B) the Conversion Price of such share in effect at the time of conversion. Notwithstanding anything to the contrary contained in this Article NINTH, unless consented to in writing by the Corporation, no Holder shall be entitled to convert its Series A Preferred Shares into Common Shares to the extent that such conversion would cause the voting rights of the Common Shares held by such Holder and its Affiliates at such time to exceed the Voting Cap.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) No fractional Common Shares shall be issued upon the conversion of any Series A Preferred Shares. If more than one Series A Preferred Share subject to conversion is held by the same Holder, the number of full Common Shares issuable upon conversion thereof shall be computed on the basis of the sum of (A) the aggregate Liquidation Preference and (B) the aggregate Accrued Dividends as of the Conversion Date on all Series A Preferred Shares so subject. If the conversion of any share or Series A Preferred Shares results in a fractional Common Share issuable after application of the immediately preceding sentence, the Corporation shall pay a cash amount in lieu of issuing such fractional share in an amount equal to such fractional interest multiplied by the Market Price of a Common Share on the Trading Day immediately prior to the Conversion Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) The Corporation will at all times after July 31, 2025, reserve and keep available out of its authorized and unissued Common Shares, solely for the purpose of effecting conversions of the Series A Preferred Shares into Common Shares, the Required Reserved Shares (disregarding for this purpose the last sentence of <u>Section</u> <u>6(a)(</u><u>i</u><u>)(B)</u>). The Corporation shall take all action permitted by Law, including calling

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meetings of the shareholders of the Corporation and soliciting proxies for any necessary vote of the shareholders of the Corporation, to amend the Certificate of Incorporation to increase the number of authorized and unissued Common Shares, if at any time there shall be insufficient authorized and unissued Common Shares to permit such reservation or to permit the conversion of all outstanding Series A Preferred Shares (disregarding for this purpose the last sentence of <u>Section</u> <u>6(a)(i)(B)</u>). The Corporation covenants that the Series A Preferred Shares and all Common Shares that may be issued upon conversion of Series A Preferred Shares shall upon issuance be duly authorized, fully paid and non-assessable and will not be subject to preemptive rights or subscription rights of any other shareholder of the Corporation. The Corporation further covenants that the Corporation shall, from time to time, at its sole expense, cause to be authorized for listing or quotation on the Trading Market (to the extent permitted by the Trading Market), the maximum number of Common Shares issued and issuable upon conversion of the Series A Preferred Shares, subject to official notice of issuance.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Mechanics of Conversion</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) If the Corporation exercises the Conversion Option and delivers notice thereof in accordance with <u>Section</u> <u>6(a)(i)(A)</u>, the Corporation shall notify the Holders of Series A Preferred Shares in writing of the Conversion Option promptly (and in any event within three (3) Business Days) following the Conversion Option Date by delivery of written notice to such Holders and shall update or cause to be updated the Register, effective as of the Conversion Option Date, to reflect the Common Shares held by such Holders as a result of the Conversion Option and shall, as promptly as practicable thereafter, re-designate or issue or cause to be issued to each such Holder the number of validly issued, fully paid and non-assessable Common Shares to which such Holder shall be entitled and deliver or cause to be delivered to each such Holder evidence of such re-designation or issuance reasonably satisfactory to such Holders.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) The Conversion Right of a Holder of Series A Preferred Shares shall be exercised by the Holder by delivering written notice to the Corporation that the Holder elects to convert all or a portion of the Series A Preferred Shares held by such Holder (a "<u>Conversion Notice</u>") and specifying the name or names (with address or addresses) in which Common Shares are to be issued and (if so required by the Corporation or the Corporation's transfer agent) by a written instrument or instruments of transfer in form reasonably satisfactory to the Corporation or the transfer agent, as applicable, duly executed by the Holder or its legal representative.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) As promptly as practicable after the receipt of the Conversion Notice, and the payment of required taxes or duties pursuant to <u>Section</u> <u>13(a)</u>, if applicable, and in no event later than three (3) Trading Days thereafter, the Corporation shall update or cause to be updated the Register to reflect the Common Shares held by such Holder as a result of such conversion and shall issue and shall deliver or cause to be issued and delivered to such Holder, or to such other Person on such Holder's written order (A) evidence of such issuance reasonably satisfactory to such Holder, and (B) cash for any fractional interest in respect of a Common Share arising upon such conversion settled as provided in <u>Section</u> <u>6(a)(ii)</u>.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) The conversion of any Series A Preferred Share shall be deemed to have been made (i) in connection with any Conversion Option, at the close of business on the Conversion Option Date, and (ii) in connection with any exercise of the Conversion Right, at the close of business on the date of giving the Conversion Notice (the "<u>Conversion Date</u>"). Until the Conversion Date with respect to any Series A Preferred Share has occurred, such Series A Preferred Share will remain outstanding and will be entitled to all of the powers, designations, preferences and other rights provided herein, including that such share shall (A) accrue and accumulate Preferred Dividends and participate in Participating Dividends pursuant to <u>Section</u> <u>4</u> and (B) entitle the Holder thereof to the voting rights provided in <u>Section</u> <u>11</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Corporation's Obligations to Issue Common Shares</u>. Subject to <u>Section</u> <u>13(i)</u>, the last sentence of <u>Section</u> <u>6(a)(i)(B)</u>, and compliance with the terms and conditions of this Article NINTH applicable to the conversion of the Series A Preferred Shares, the Corporation's obligations to issue and deliver Common Shares upon conversion of Series A Preferred Shares in accordance with the terms hereof are absolute and unconditional, irrespective of any action or inaction by any Holder to enforce the same, any waiver or consent with respect to any provision hereof, the recovery of any judgment against any Person or any action to enforce the same, or any set-off, counterclaim, recoupment, limitation or termination, or any breach or alleged breach by any Holder or any other Person of any obligation to the Corporation or any violation or alleged violation of Law by any Holder or any other Person, and irrespective of any other circumstance which might otherwise limit such obligation of the Corporation to any Holder in connection with the issuance of such Common Shares.

Section 7. <u>Reorganization Events.</u><u> </u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Treatment of Series A Preferred Shares Upon a Reorganization Event</u>. Subject to applicable Law, upon the occurrence of any Reorganization Event, (i) if the Corporation is the surviving company in such Reorganization Event, each Series A Preferred Share outstanding immediately prior to such Reorganization Event shall remain outstanding following such Reorganization Event (or be exchanged for an equivalent Preferred Share governed by the terms herein) (<u>provided</u> that (x) each Series A Preferred Share shall become convertible into the kind and amount of securities, cash and other property that the Holder of such Series A Preferred Share (other than the counterparty to the Reorganization Event or an Affiliate of such other party) would have received in such Reorganization Event had such Series A Preferred Share, immediately prior to such Reorganization Event, been converted into the applicable number of Common Shares using (i) the Conversion Price immediately prior to such Reorganization Event and (ii) the Liquidation Preference, together with the Accrued Dividends thereon, applicable at the time of such subsequent conversion (disregarding for this purpose the last sentence of <u>Section</u> <u>6(a)(</u><u>i</u><u>)(B)</u>) (such securities, cash and other property, the "<u>Exchange Property</u>") (<u>provided</u>, <u>further</u>, that any Exchange Property that is not cash shall consist of marketable securities listed on the NASDAQ or NYSE), and (y) appropriate adjustments shall be made to the conversion provisions set forth in <u>Section</u> <u>6</u> and the adjustment to conversion price provisions set forth in <u>Section</u> <u>9</u> as determined reasonably and in good faith by the Board of Directors to place the Holders in as nearly as equal of a position as possible with respect to such matters following such Reorganization Event as compared to

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immediately prior to such Reorganization Event) or (ii) if the Corporation is not the surviving entity in such Reorganization Event or will be dissolved in connection with such Reorganization Event, each Series A Preferred Share outstanding immediately prior to such Reorganization Event shall be converted or exchanged into a security of the Person surviving such Reorganization Event or such other continuing entity in such Reorganization Event having rights, powers and preferences, and the qualifications, limitations and restrictions thereof, as nearly equal as possible to those provided herein (including with respect to any securities or other property to which the holders of Common Shares become entitled as a result of such Reorganization Event, which shall be determined in a manner similar to the rights in respect of Exchange Property in accordance with the preceding clause (i)) (with such adjustments as are appropriate to place the Holders in as nearly as equal of a position as possible following such Reorganization Event as compared to immediately prior to such Reorganization Event) (<u>provided</u>, for the avoidance of doubt, that any Exchange Property that is not cash shall consist of marketable securities listed on the NASDAQ or NYSE).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Form of Consideration</u>. In the event that Series A Preferred Shares become convertible into Exchange Property in connection with a Reorganization Event and the holders of Common Shares have the opportunity to elect the form of consideration to be received in such transaction, the Exchange Property shall be based on the types and amounts of consideration received by the holders of Common Shares in the same proportion as was selected in the aggregate by the holders of Common Shares; <u>provided</u> that, to the extent the applicable transaction agreement provides for adjustments to such elected types and amounts of consideration that are generally applicable to holders of Common Shares making such elections, the Exchange Property will be subject to such adjustments.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Successive Reorganization Events</u>. The provisions of this <u>Section</u> <u>7</u> shall similarly apply to successive Reorganization Events.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>Notice of Reorganization Events</u>. The Corporation (or any successor) shall, no later than ten (10) days following the consummation of any Reorganization Event, provide written notice to the Holders of such consummation of such event and of the kind and amount of the cash, securities or other property that constitutes the Exchange Property. Failure to deliver such notice shall not affect the operation of this <u>Section</u> <u>7</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) <u>Requirements of Reorganization Events</u>. The Corporation shall not, without consent of the Holders representing at least a majority of the then-issued and outstanding Series A Preferred Shares, enter into any agreement for, or consummate, any transaction or series of transactions constituting a Reorganization Event unless (A) (i) such agreement provides for or does not interfere with or prevent (as applicable) conversion of the Series A Preferred Shares into the Exchange Property in a manner that is consistent with and gives effect to this <u>Section</u> <u>7</u> (including by reserving Exchange Property that allows any conversion of the Series A Preferred Shares (or replacement securities) into Exchange Property to be completed in accordance with the terms of this <u>Section</u> <u>7</u>), and (ii) to the extent that the Corporation is not the surviving company in such Reorganization Event or will be dissolved in connection with such Reorganization Event,

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proper provision shall be made in the agreements governing such Reorganization Event for the conversion of the Series A Preferred Shares into a security of the Person surviving such Reorganization Event or such other continuing entity in such Reorganization Event, which security shall meet the requirements of this <u>Section</u> <u>7</u> and (B) immediately following such Reorganization Event, neither the Series A Preferred Shares (or any share of preferred equity into which the Series A Preferred Shares are exchanged) nor any Exchange Property is subject to any limitations on conversion or voting pursuant to the rules of the applicable stock exchange or applicable Law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) <u>Continuing Registration Rights</u>. After a Reorganization Event, the Holder shall be entitled to receive registration rights with respect to the Equity Interests into which the Series A Preferred Shares (or any equivalent preferred stock which the Series A Preferred Shares have been exchanged for in accordance with the terms of this Agreement) as nearly equal as reasonably possible to those provided by the Registration Rights Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) <u>Change of Control</u>. For the avoidance of doubt, if a Reorganization Event constitutes a Change of Control, then <u>Section</u> <u>8</u> shall take precedence over this <u>Section</u> <u>7</u> to the extent there is any inconsistency between such sections.

Section 8. <u>Change of Control.</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Change of Control Redemption</u>. In the event of a Change of Control, the Corporation shall have the option, in its sole discretion and in accordance with applicable Law and subject to compliance with the notice requirements set forth in <u>Section</u> <u>8(b)</u> and the Corporation having sufficient legally available funds to comply with its obligations hereunder (including pursuant to a binding commitment by the counterparty to any Change of Control Agreement (as defined below) to provide the necessary funds), to at any time following the execution of the definitive agreement contemplating the Change of Control until ten (10) Business Days prior to the effective date of the Change of Control (the effective date of the Change of Control, the "<u>Change of Control Effective Date</u>"), irrevocably elect to redeem on the Change of Control Effective Date, but immediately prior to, and subject to, consummation of the Change of Control, all (and not less than all) of the outstanding Series A Preferred Shares (a "<u>Change of Control Redemption</u>") for a price in cash per Series A Preferred Share equal to 150% of the sum of (x) the Liquidation Preference of such Series A Preferred Share plus (y) the aggregate Accrued Dividends of such Series A Preferred Share in each case, as of the Change of Control Effective Date (the "<u>COC Redemption Price</u>"); <u>provided</u> that the Holder may, at any time following the receipt of a Change of Control Redemption Notice until the date that is five (5) Business Days prior to the Change of Control Effective Date elect (by irrevocable written notice to the Corporation) to instead receive, at the Change of Control Effective Date, consideration of the kind and amount that the Holder of such Series A Preferred Shares would have received in such Change of Control had such Series A Preferred Shares, immediately prior to the Change of Control Effective Date, been converted into the applicable number of Common Shares using the Conversion Price on the Change of Control Effective Date and the Liquidation Preference, together with Accrued Dividends thereon, applicable at the time of such conversion (disregarding for this purpose the last sentence of <u>Section</u> <u>6(a)(</u><u>i</u><u>)(B)</u>) (the "<u>Holder COC</u> <u>Redemption Price</u>"); <u>provided</u>, <u>further</u>, that if any such consideration consists of Equity Interests listed on a public exchange, the Holder thereof shall be entitled to receive registration rights with respect to such Equity Interests as nearly equal as reasonably possible to those provided by the Registration Rights Agreement.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Change of Control Notice</u>. On or before the twentieth (20<sup>th</sup>) Business Day prior to the date on which the Corporation anticipates consummating any Change of Control (or, if later, promptly after the Corporation discovers that the Change of Control will occur but in no event later than ten (10) Business Days prior to the actual consummation of the Change of Control), the Corporation shall deliver to each Holder (as appearing in the Register of the Corporation) a written notice setting forth a description of the anticipated Change of Control and the date on which the Change of Control is anticipated to be effected (or, if applicable, the date on which a Schedule TO or other schedule, form or report disclosing a Change of Control was filed). On or before the tenth (10<sup>th</sup>) Business Day prior to the date on which the Corporation anticipates consummating a Change of Control Redemption (a "<u>Change of Control Redemption Notice</u>"), the Corporation shall deliver to each Holder (as appearing in the Register of the Corporation) a written notice setting forth the Corporation's intention to exercise its right to effect a Change of Control Redemption and the expected Change of Control Effective Date. Any such Change of Control Redemption Notice shall also set forth the amount of (or methodology for determining) the COC Redemption Price and the Holder COC Redemption Price, together with the calculation of each and reasonable supporting details which shall include the Conversion Price used in such calculations. Upon a Change of Control, the Corporation shall (i) if the Series A Preferred Shares are to be redeemed in accordance with this <u>Section</u> <u>8</u> in exchange for the COC Redemption Price, deliver or cause to be delivered to the Holder by wire transfer the COC Redemption Price substantially concurrent with the consummation of the Change of Control and (ii) if the Series A Preferred Shares are to be redeemed in accordance with this <u>Section</u> <u>8</u> in exchange for the Holder COC Redemption Price, deliver or cause to be delivered to the Holder the Holder COC Redemption Price concurrently with when the consideration in such Change of Control is delivered to the holders of Common Shares.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Change of Control Agreements</u>. The Corporation shall not enter into any definitive agreement for a Change of Control (such an agreement, a "<u>Change of Control Agreement</u>"), or otherwise engage in or consummate, a transaction constituting a Change of Control, unless (i) such Change of Control Agreement provides for or does not interfere with or prevent (as applicable) the exercise by the Holders of their rights and the Corporation's obligations under this Agreement, including this <u>Section</u> <u>8</u>, (ii) the Corporation has the ability in connection with such Change of Control in accordance with applicable Law (including Section 513 of the New York Business Corporation Law) to satisfy its obligation to pay each Holder the COC Redemption Price or Holder COC Redemption Price, as elected by each Holder, in accordance with <u>Section</u> <u>8(a)</u> and (iii) the acquiring or surviving Person in such Change of Control represents and covenants, in form and substance reasonably satisfactory to the Board of Directors acting in good faith, that at the consummation of such Change of Control, to the effect that such Person shall have sufficient funds (which may include, without limitation, cash and cash equivalents on the Corporation's balance sheet, the proceeds of any debt or equity financing, available lines of credit or uncalled capital commitments) to consummate such Change of Control (taking into account the satisfaction of any indebtedness required in connection with the Change of Control), including making all required payments to the Holders hereunder, including the payment of the COC Redemption Price or the Holder COC Redemption Price, as elected by each Holder.

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Section 9. <u>Adjustments to Conversion Price.</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Adjustments to Conversion Price</u>. Except as provided in <u>Section</u> <u>9(d)</u>, the Conversion Price shall be subject to the following adjustments:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) <u>In-Kind Dividends and Distributions</u>. If the Corporation declares a dividend or makes an in-kind distribution on the Common Shares payable in Common Shares, then the Conversion Price in effect at the opening of business on the Ex-Date for such dividend or distribution shall be adjusted to the price determined by multiplying the Conversion Price at the opening of business on such Ex-Date by the following fraction:

  <u>OS<sub>0</sub></u> <br> OS<sub>1</sub>

Where,

OS<sub>0</sub> = the number of Common Shares outstanding at the close of business on the Business Day immediately preceding the Ex-Date for such dividend or distribution.

OS<sub>1</sub> = the sum of the number of Common Shares outstanding at the close of business on the Business Day immediately preceding the Ex-Date for such dividend or distribution plus the total number of Common Shares constituting such dividend or distribution.

If any dividend or distribution described in this <u>Section</u> <u>9(a)(i)</u> is declared but not so paid or made, the Conversion Price shall be readjusted, effective as of the date and time the Board of Directors determines not to make such dividend or distribution, to such Conversion Price that would be in effect if such dividend or distribution had not been declared.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) <u>Subdivisions, Splits and Combination of the Common Shares</u>. If the Corporation subdivides, splits or combines the Common Shares, then the Conversion Price in effect immediately prior to the effective date of such share subdivision, split or combination shall be adjusted to the price determined by multiplying the Conversion Price in effect immediately prior to the effective date of such share subdivision, split or combination by the following fraction:

  <u>OS<sub>0</sub></u> <br> OS<sub>1</sub>

Where,

OS<sub>0</sub> = the number of Common Shares outstanding immediately prior to the effective date of such share subdivision, split or combination.

OS<sub>1</sub> = the number of Common Shares outstanding immediately after the opening of business on the effective date of such share subdivision, split or combination.

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If any subdivision, split or combination described in this <u>Section</u> <u>9(a)(ii)</u> is announced but the outstanding Common Shares are not subdivided, split or combined, the Conversion Price shall be readjusted, effective as of the date the Board of Directors determines not to subdivide, split or combine the outstanding Common Shares, to such Conversion Price that would be in effect if such subdivision, split or combination had not been announced.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) <u>Other Distributions</u>. If the Corporation distributes any Convertible Securities, Options or any other assets (in each case, to the holders of its Equity Interests in respect thereof) for which there is no corresponding distribution in respect of the Series A Preferred Shares pursuant to <u>Section</u> <u>4(a)(</u><u>i</u><u>)</u> (for the avoidance of doubt, any distribution of cash or non-cash property for which there is a corresponding distribution in respect of the Series A Preferred Shares pursuant to <u>Section</u> <u>4(a)(</u><u>i</u><u>)</u> or any distribution of cash qualifying for the exception set forth in clause (B) of the first parenthesis of <u>Section</u> <u>4(a)(</u><u>i</u><u>)</u> shall not give rise to an adjustment under this <u>Section</u> <u>9(a)(iii))</u> (without duplication of, and subject to, (x) the following paragraph in the case of a "spin-off" and (y) <u>Section</u> <u>9(a)(v)</u> below in the case of a rights plan), then the Conversion Price in effect immediately prior to the Ex-Date for such distribution shall be adjusted to the price determined by multiplying the Conversion Price in effect immediately prior to the Ex-Date for such distribution by the following fraction:

  <u>SP<sub>0 </sub>– FMV</u> <br> SP<sub>0</sub>

Where,

SP<sub>0</sub> = the Market Price of a Common Share on the date immediately prior to the Ex-Date for such distribution.

FMV = the fair market value of the portion of the distribution applicable to one Common Share on the Ex-Date for such distribution, in the case of a non-cash distribution or with respect to the non-cash portion of a distribution, if any, as determined pursuant to the Valuation Methodology; <u>provided</u> that such value shall not for the purposes hereof in any event be equal to or greater than the Market Price of a Common Share on such date.

In a "spin-off," where the Corporation makes a distribution to all holders of Common Shares consisting of capital stock of any class or series, or similar equity interests of, or relating to, a Subsidiary of the Corporation or other business unit, the Conversion Price will be adjusted on the 15<sup>th</sup> Trading Day after the effective date of the distribution by multiplying such Conversion Price in effect immediately prior to such 15<sup>th</sup> Trading Day by the following fraction:

  <u>MP<sub>0</sub></u> <br> MP<sub>0 </sub>+ MP<sub>s</sub>

Where, 

MP<sub>0</sub> = (i) if the Common Shares are listed or quoted on a principal U.S. national or regional securities exchange or traded on an over-the-counter market, the Market Price of a Common Share for the period ending on and including the tenth Trading Day following the effective date of such distribution, or (ii) if the Common Shares are not listed or quoted on a principal U.S. national or regional securities exchange or traded on an over-the-counter market, the Market Price of a Common Share on the effective date of such distribution.

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MP<sub>s</sub> = (i) if the capital stock or equity interests distributed to the holders of Common Shares are listed or quoted on a principal U.S. national or regional securities exchange or traded on an over-the-counter market, an amount equal to the product of (x) the number of shares of such capital stock or equity interests representing the portion of the distribution applicable to one Common Share and (y) the Market Price of such capital stock or equity interests for the period ending on and including the tenth Trading Day following the effective date of such distribution, or (ii) if such capital stock or equity interests are not listed or quoted on a principal U.S. national or regional securities exchange or traded on an over-the-counter market, the Market Price of the capital stock or equity interests representing the portion of the distribution applicable to one Common Share on the effective date of such distribution (after giving effect to such distribution).

In the event that such dividend, distribution, or spin-off described in this <u>Section</u> <u>9(a)(iii)</u> is not so paid or made, the Conversion Price shall be readjusted, effective as of the date the Board of Directors publicly announces its decision not to pay, make, or consummate such dividend, distribution, or spin-off to the Conversion Price that would then be in effect if such dividend, distribution, or spin-off had not been declared.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) <u>Certain Acquisitions of Common Shares</u>. If the Corporation effects a Pro Rata Repurchase of Common Shares that involves the payment by the Corporation of consideration per Common Share that exceeds the Market Price of a Common Share on the Effective Date of such Pro Rata Repurchase (<u>provided</u> that, if part or all of the consideration is not cash, the fair market value of the non-cash consideration shall be determined pursuant to the Valuation Methodology), then the Conversion Price in effect immediately prior to the Effective Date of such Pro Rata Repurchase shall be adjusted (such adjustment to become effective immediately prior to the opening of business on the day following the Effective Date of such Pro Rata Repurchase) by multiplying the Conversion Price in effect immediately prior to the Effective Date of such Pro Rata Repurchase by the following fraction:

  <u>(OS<sub>0 </sub>x SP<sub>0</sub>)<sub> </sub>– AC</u> <br> SP<sub>0 </sub>x OS<sub>1</sub>

Where,

SP<sub>0</sub> = the Market Price of a Common Share on the Trading Day immediately preceding the first announcement of the intent to effect such Pro Rata Repurchase.

OS<sub>0</sub> = the number of Common Shares outstanding at the Effective Date of such Pro Rata Repurchase, including, if applicable, any shares validly tendered or exchanged and not withdrawn.

OS<sub>1</sub>= the number of Common Shares outstanding at the Effective Date of such Pro Rata Repurchase, including, if applicable, any shares validly tendered or exchanged and not withdrawn, <u>minus</u> the number of shares acquired (by way of redemption or repurchase) in such Pro Rata Repurchase (which shares shall equal the Purchased Shares (as defined below) if such Pro Rata Repurchase is effected pursuant to a tender offer or exchange offer).

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AC = the aggregate cash and fair market value of the other consideration payable in such Pro Rata Repurchase, and in the case of non-cash consideration, as determined pursuant to the Valuation Methodology, based, in the case of a tender offer or exchange offer, on the number of shares actually accepted for acquisition (by way of redemption or repurchase) (the "<u>Purchased Shares</u>").

In the event that the Corporation, or one of its Affiliates, is obligated to purchase Common Shares pursuant to any such Pro Rata Repurchase, but the Corporation, or such Affiliate, is permanently prevented by applicable Law from effecting any such purchases, or any such redemptions or repurchases are rescinded, then the Conversion Price shall be readjusted to be such Conversion Price that would then be in effect if such prevented or rescinded Pro Rata Repurchase had not been made.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) <u>Rights Plans</u>. To the extent that the Corporation has a rights plan in effect with respect to the Common Shares on any Conversion Date, upon conversion of any Series A Preferred Shares into Common Shares, the Holders will receive, in addition to the Common Shares, the rights under the rights plan, unless, prior to such Conversion Date, the rights have separated from the Common Shares, in which case the Conversion Price will be adjusted at the time of separation as if the Corporation had issued the rights to all holders of the Common Shares in an issuance triggering an adjustment pursuant to <u>Section</u> <u>9(a)(iii)</u>, subject to readjustment in the event of the expiration, termination or redemption of such rights.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Other Adjustments</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) The Corporation may make decreases in the Conversion Price, in addition to any other decreases required by this <u>Section</u> <u>9</u>, if the Board of Directors deems it advisable to avoid or diminish any income tax to holders of the Common Shares resulting from any in-kind dividend or distribution of Common Shares (or issuance of Options for Common Shares) or from any event treated as such for income tax purposes.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) If the Corporation takes any action affecting the Common Shares, other than an action described in <u>Section</u> <u>9(a)</u>, which upon a determination by the Board of Directors, in its good faith discretion, would materially adversely affect the Conversion Rights of the Holders of Series A Preferred Shares, the Conversion Price shall be adjusted, to the extent permitted by Law, in such manner, if any, and at such time, as the Board of Directors determines in good faith to be equitable in the circumstances.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Successive Adjustments</u>. Successive adjustments in the Conversion Price shall be made, without duplication, whenever any event specified in <u>Section</u> <u>9(a)</u> or <u>Section</u> <u>9(b)</u> shall occur.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>Rounding of Calculations; Minimum Adjustments</u>. All adjustments to the Conversion Price shall be calculated to the nearest one-tenth (1/10<sup>th</sup>) of a cent. No adjustment in the Conversion Price shall be required if such adjustment would be less than $0.01; <u>provided</u> that any adjustment which by reason of this <u>Section</u> <u>9(d)</u> is not required to be made shall be carried forward and taken into account in any subsequent adjustment; <u>provided</u>, <u>further,</u> that on any Conversion Date adjustments to the Conversion Price will be made with respect to any such adjustment carried forward and which has not been taken into account before such date.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) <u>Statement Regarding Adjustments; Notices</u>. Whenever the Conversion Price is to be adjusted in accordance with one or more of <u>Section</u> <u>9(a)</u> or <u>Section</u> <u>9(b)</u>, the Corporation shall: (<u>i</u>) compute the Conversion Price in accordance with <u>Section</u> <u>9(a)</u> or <u>Section</u> <u>9(b)</u>, taking into account the one cent threshold set forth in <u>Section</u> <u>9(d)</u>; (ii) (x) in the event that the Corporation shall give notice or make a public announcement to the holders of Common Shares of any action of the type described in <u>Section</u> <u>9(a)</u> (but only if the action of the type described in <u>Section</u> <u>9(a)</u> would result in an adjustment to the Conversion Price or a change in the type of securities or property to be delivered upon conversion of the Series A Preferred Shares), the Corporation shall, at the time of such notice or announcement, and in the case of any action which would require the fixing of a record date, at least ten (10) days prior to such record date, give notice to each Holder by mail, first class postage prepaid, at the address appearing in the Register, which notice shall specify the record date, if any, with respect to any such action, the approximate date on which such action is to take place and the facts with respect to such action as shall be reasonably necessary to indicate the effect on the Conversion Price and the number, kind or class of shares or other securities or property which shall be deliverable upon conversion or redemption of the Series A Preferred Shares or (y) in the event that the Corporation does not give notice or make a public announcement as set forth in subclause (x) of this clause (ii), the Corporation shall, as soon as practicable following the occurrence of an event that requires an adjustment to the Conversion Price pursuant to one or more of <u>Section</u> <u>9(a)</u> or <u>Section</u> <u>9(b)</u>, taking into account the one cent threshold set forth in <u>Section</u> <u>9(d)</u> (or if the Corporation is not aware of such occurrence, as soon as practicable after becoming so aware), provide, or cause to be provided, a written notice to the Holders of the occurrence of such event, in the same manner and with the same detail as the notice set forth in subclause (x) of this clause (ii); and (iii) whenever the Conversion Price shall be adjusted pursuant to one or more of <u>Section</u> <u>9(a)</u> or <u>Section</u> <u>9(b)</u>, the Corporation shall, as soon as practicable following the determination of the revised Conversion Price, (x) file at the principal office of the Corporation, a statement showing in reasonable detail the facts requiring such adjustment, the Conversion Price that shall be in effect after such adjustment and the method by which the adjustment to the Conversion Price was determined and (y) cause a copy of such statement to be sent in the manner set forth in subclause (x) of clause (ii) to each Holder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) <u>Certain Adjustment Rules</u>. If an adjustment in the Conversion Price made hereunder would reduce the Conversion Price to an amount below the par value of the Common Shares, then such adjustment in Conversion Price made hereunder shall reduce the Conversion Price to the par value of the Common Shares; <u>provided</u> that, the Corporation shall not take any action that would, or would reasonably be expect to, result in an adjustment to the Conversion Price which, but for this sentence, would reduce the Conversion Price to an amount below the par value of the Common Shares. As a condition precedent to the taking of any action which would require an adjustment pursuant to this <u>Section</u> <u>9</u>, the Corporation shall use its reasonable best efforts to take any and all actions which may be necessary, including obtaining regulatory, the Trading Market or shareholder approvals or exemptions, in order that the Corporation may thereafter validly and legally issue as fully paid and nonassessable all Common Shares issuable upon conversion of the Series A Preferred Shares in compliance with the applicable listing standards of the Trading Market.

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Section 10. <u>Optional Redemption.</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Subject to and in accordance with the provisions of this <u>Section</u> <u>10</u>, if as of the date of redemption pursuant to this <u>Section</u> <u>10(a)</u>, (i) (x) each Holder has the ability to convert (and, for the avoidance of doubt, immediately thereafter transfer without restriction under Section 4.10 of the Investment Agreement) all of its Series A Preferred Shares into Common Shares in accordance with <u>Section</u> <u>6</u> and (y) there is a Shelf Registration Statement in effect at such time that would permit the immediate sale of all such Common Shares and any additional Common Shares which a Holder would have the ability to convert its Series A Preferred Shares into but for the Voting Cap (including, taking into consideration any "suspension periods" (as set forth in Section 2(i) of the Registration Rights Agreement) related to such Shelf Registration Statement) from the date on which the Redemption Notice is delivered until the applicable Redemption Date, and (ii) the Corporation has sufficient funds legally available therefor to pay the Redemption Price in accordance with applicable Law, then the Corporation shall have the right, at its option, from time to time, subject to <u>Section</u> <u>10(c)</u>, to redeem (the "<u>Optional Redemption</u>"), out of funds legally available therefor, all or any portion of the Series A Preferred Shares then outstanding, in each case, at a redemption price per share in cash (the "<u>Redemption Price</u>") equal to 200% of the sum of (A) the Liquidation Preference and (B) the Accrued Dividends of each such Series A Preferred Share as of the date of such redemption; <u>provided</u> that any redemption under this <u>Section</u> <u>10</u>: (x) may be made only to the extent that immediately after such redemption the ratio which the Voting Stock held by such Holder bears to all of the Voting Stock of the Corporation at such time is less than 80% of the ratio which the Voting Stock held by such Holder immediately before such redemption bears to all of the Voting Stock of the Corporation at such time (taking into account all stock ownership in the Corporation by such Holder and its Affiliates known to the Corporation) and (y) if for less than all of the Series A Preferred Shares then outstanding, must not result in the aggregate Liquidation Preference and Accrued Dividends for the outstanding Series A Preferred Shares falling below $80 million. The Corporation may exercise its right to require redemption under this <u>Section</u> <u>10</u> by sending a written notice to each Holder of Series A Preferred Shares (the "<u>Redemption Notice</u>") specifying (x) the date on which the redemption shall occur (the "<u>Redemption Date</u>"), which shall be a Business Day that is no earlier than thirty (30) days and no later than sixty (60) days from the date the Redemption Notice is sent and (y) the aggregate number of Series A Preferred Shares which are being redeemed pursuant to such redemption. If fewer than all of the Series A Preferred Shares then outstanding are to be redeemed pursuant to this <u>Section</u> <u>10(a)</u>, then such redemption shall occur on a *pro rata* basis with respect to all Holders of Series A Preferred Shares based on the total number of Series A Preferred Shares then held by such Holder relative to the total number of Series A Preferred Shares then outstanding. Notwithstanding anything to the contrary in this <u>Section</u> <u>10(a)</u>, each Holder may elect to convert all or any portion of the Series A Preferred Shares held by such Holder into Common Shares in accordance with the provisions of <u>Section</u> <u>6</u> at any time prior to the applicable Redemption Date, and the Corporation must provide each Holder a reasonable opportunity to do so (including by cooperating with the Holder in connection with any partial conversion of Series A Preferred Shares and transfers of the resulting Common Shares to permit the Holder to convert all of the Holder's Series A Preferred Shares prior to the Redemption Date without being limited by the Voting Cap).

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Redemption pursuant to <u>Section</u> <u>10(a)</u> shall become effective on the Redemption Date and the aggregate Redemption Price for such redeemed shares shall be due and payable in cash to the record Holder of the Series A Preferred Shares being redeemed on such date. If a Redemption Notice has been delivered in accordance with <u>Section</u> <u>10(a)</u> and if the funds necessary for redemption have been paid to the Holders of Series A Preferred Shares being redeemed, then from and after the applicable Redemption Date, dividends and distributions will cease to accrue on such redeemed Series A Preferred Shares, such redeemed Series A Preferred Shares shall no longer be deemed outstanding and all rights of the Holders with respect to such redeemed Series A Preferred Shares will terminate, except the right to receive the aggregate Redemption Price for such redeemed Series A Preferred Shares held by each such Holder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The Corporation's Optional Redemption right provided by <u>Section</u> <u>10(a)</u> shall not be available to the Corporation at any time at which the Corporation is, or was during the five (5) consecutive Trading Day period immediately preceding the date of delivery of the Redemption Notice, in possession of material non-public information relating to the Corporation, that, if publicly disclosed, would be reasonably expected to have a material and positive effect on the Common Share Trading Price on the Trading Day immediately following the date on which such information is publicly disclosed relative to the Common Share Trading Price on the Trading Day immediately preceding the date on which such information is publicly disclosed (assuming such information is publicly disclosed pre-market open on a Trading Day or on a day that is not a Trading Day).

Section 11. <u>Voting Rights.</u><u> </u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>General</u>. The Holders of Series A Preferred Shares shall be entitled to vote with the holders of the Common Shares on all matters submitted to a vote of shareholders of the Corporation, except as otherwise provided herein or as required by applicable Law, voting together with the holders of Common Shares as a single class. For such purposes, each Holder shall be entitled to a number of votes in respect of the Series A Preferred Shares owned of record by it equal to the number of Common Shares into which such Series A Preferred Shares could be converted (taking into account the limitation in the last sentence of <u>Section</u> <u>6(a)(</u><u>i</u><u>)(B)</u>, applied ratably with respect to each outstanding Series A Preferred Share) as of the record date for the determination of shareholders entitled to vote on such matters or, if no such record date is established, as of the date such vote is taken or any written consent of shareholders is solicited; <u>provided</u> that the number of votes in respect of the Series A Preferred Shares owned of record by any Holder and its Affiliates at any time shall be capped at an amount that, taken together with any Common Shares Beneficially Owned by such Holder and its Affiliates, equals forty-five percent (45%) of the sum of (i) the total number of outstanding Common Shares, (ii) the number of Common Shares into which such Holder's and its Affiliates' Series A Preferred Shares could be converted (taking into account the limitations in the last sentence of <u>Section</u> <u>6(a)(</u><u>i</u><u>)(B)</u>,

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applied ratably with respect to each outstanding Series A Preferred Share in order to reduce the Common Shares included under this clause (ii) as necessary to comply with the 45% cap described in this proviso) and (iii) the total number of votes of any other outstanding securities entitled to vote together with the holders of Common Shares, in each case, as of such time (calculated in an iterative manner taking into account the limitation described in this proviso and the last sentence of <u>Section</u> <u>6(a)(</u><u>i</u><u>)(B)</u>) (the limitation described in this proviso, the "<u>Voting Cap</u>"). The Holders of Series A Preferred Shares shall be entitled to notice of any shareholders' meeting in accordance with the Certificate of Incorporation and the By-Laws as if they were holders of record of Common Shares for such meeting.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Class Voting Rights</u>. So long as any Series A Preferred Shares are outstanding, in addition to any other vote required by applicable Law, the Corporation may not take any of the following actions (including by means of merger, consolidation, reorganization, recapitalization or otherwise) without the prior affirmative vote or written consent of the Holders representing at least a majority of the then-issued and outstanding Series A Preferred Shares, voting as a separate class:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) amend, alter, repeal or otherwise modify any provision of the Certificate of Incorporation, this Article NINTH or the By-Laws in a manner that would alter or change the terms or the powers, preferences, rights or privileges of the Series A Preferred Shares as to affect them adversely;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) enter into any merger, reorganization or other consolidation or business combination that would treat the Series A Preferred Shares in a manner inconsistent with the terms of this Article NINTH;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) increase or decrease the authorized number of Series A Preferred Shares (except for the cancellation and retirement of Series A Preferred Shares as expressly permitted by and in accordance with this Article NINTH) or issue additional Series A Preferred Shares;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) authorize, create, increase the authorized amount of, or issue any Senior Securities or Parity Securities or any other Equity Interests that do not constitute Junior Securities;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) authorize, create, increase the authorized amount of, or issue any class or series of Senior Securities, Parity Securities or Junior Securities (other than Common Shares) or any security convertible into, or exchangeable or exercisable for any of the foregoing (other than Common Shares) that could have the "result of the receipt of property by some shareholders" within the meaning of Section 305(b)(2)(A) of the Internal Revenue Code of 1986, as amended from time to time, including but not limited to (A) any non-participating preferred share (including by means of merger, consolidation, reorganization, recapitalization or otherwise) or (B) any debt securities convertible into Equity Interests by their terms;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) (x) amend, restate, supplement, modify or replace the Debt Financing Documents or (y) enter into any agreements or arrangements relating to indebtedness (or subsequently amend, restate, supplement, modify or replace any such agreements), in each case in clauses (x) and (y), that would materially and adversely limit or otherwise impact the Corporation's ability to accrue or pay Preferred Dividends or Participating Dividends (in the case of Participating Dividends, other than as a result of a restriction on dividends on Common Shares) in accordance with this Article NINTH; or

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) adopt any plan of Liquidation or file any voluntary petition for bankruptcy, receivership or any similar proceeding.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The consent or votes required in <u>Section</u> <u>11(b)</u> shall be in addition to any approval of shareholders of the Corporation which may be required by Law or pursuant to any provision of the Certificate of Incorporation or the By-Laws. Each Holder will have one vote per share on any matter on which Holders of Series A Preferred Shares are entitled to vote separately as a class, whether at a meeting or by written consent.

Section 12. <u>Transfer Agent; Certification of Series A Preferred Shares.</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Corporation may, in its sole discretion, appoint a transfer agent and remove its transfer agent in accordance with the agreement between the Corporation and such transfer agent; <u>provided</u> that the Corporation shall appoint a successor transfer agent of recognized standing who shall accept such appointment prior to the effectiveness of such removal. Upon any such removal or appointment, the Corporation shall send notice thereof by first-class mail, postage prepaid, to the Holders. When a Holder requests to register the transfer of Series A Preferred Shares (<u>provided</u> that such transfer is not in violation of the transfer restrictions in this Article NINTH or the Investment Agreement), the Corporation or the Corporation's transfer agent, as applicable, shall register the transfer as requested if its reasonable requirements for such transaction are met. Any transfer made not in compliance with the foregoing shall be disregarded and deemed void.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Series A Preferred Shares shall initially be uncertificated and issued in book-entry form; <u>provided</u> that, the Corporation shall reasonably promptly, following the request by the Holder, at any time, issue certificates under seal of the Corporation specifying the number of Series A Preferred Shares held by the Holder; <u>provided</u> that this obligation shall be subject always to the provisions of the Certificate of Incorporation and the By-Laws, and any other applicable Law.

Section 13. <u>Miscellaneous.</u><u> </u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Taxes</u>. The issuance or delivery of Series A Preferred Shares, Common Shares or other securities issued on account of Series A Preferred Shares pursuant hereto, or certificates representing such shares or securities, shall be made without charge to the Holder for such shares or certificates or for any tax in respect of the issuance or delivery of such certificates or the securities represented thereby, including any share transfer, documentary, stamp or similar tax; <u>provided</u> that the Corporation shall not be required to pay any tax that may be payable in respect of any transfer involved in the issuance or delivery of Series A Preferred Shares, Common Shares or other securities in a name other than that in which the Series A Preferred Shares with respect to which such shares or other securities were issued, delivered or registered, or in respect of any payment to any Person other than a payment to the Holder thereof, and the transferee or payee, as the case may be, shall pay or bear the cost of any such tax, and the Corporation shall not be required to make any such issuance, delivery or payment unless and until the Person otherwise entitled to such issuance, delivery or payment has paid to the Corporation the amount of any such tax or has established, to the satisfaction of the Corporation, that such tax has been paid or is

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not payable. Without limiting Section 4.8(a) of the Investment Agreement, all payments and distributions (or deemed distributions) on the Series A Preferred Shares (and any Common Shares issued upon the conversion of any Series A Preferred Share) shall be subject to withholding and backup withholding of taxes to the extent required by applicable Law, subject to applicable exemptions, and amounts withheld, if any, shall be treated as received by the Holders.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Good Faith</u>. The Corporation shall not, by amendment of the Certificate of Incorporation or through reorganization, consolidation, merger, dissolution, sale of assets, or otherwise, avoid or seek to avoid the observance or performance of any of the terms of this Article NINTH, but will at all times in good faith assist in the carrying out of all such terms and in the taking of all such action as may be necessary or appropriate in order to protect the rights of the Holders of Series A Preferred Shares against dilution or other impairment as set forth in this Article NINTH.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Status of Shares</u>. Series A Preferred Shares which have been redeemed (or, if applicable, repurchased) shall be cancelled and have the status of authorized and unissued Preferred Shares, par value $1.00 per share, without designation as to series until such shares are once more, subject to and in accordance with the provisions of <u>Section</u> <u>11</u>, designated as part of a particular series of Preferred Shares by the Board of Directors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>Notices</u>. All notices referred to herein shall be in writing, and, unless otherwise specified herein, all notices hereunder shall be deemed to have been given upon the earlier of receipt thereof or three (3) Business Days after the mailing thereof if sent by registered or certified mail (or by first class mail if the same shall be specifically permitted for such notice under the terms of this Article NINTH) with postage prepaid, addressed: (i) if to the Corporation, to its office at 205 Crosspoint Parkway, Getzville, New York 14068, Attention: Alan S. Korman, Sr. Vice President Corp. Development, General Counsel and Secretary, or (ii) if to any Holder, to such Holder at the address of such Holder as listed in the Register or (iii) to such other address as the Corporation or any such Holder, as the case may be, shall have designated by written notice similarly given.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) <u>Severability</u>. If any right, preference or limitation of the Series A Preferred Shares set forth in this Article NINTH (as amended from time to time) is invalid, unlawful or incapable of being enforced by reason of any rule of Law or public policy, all other rights, preferences and limitations set forth in this Article NINTH (as so amended) which can be given effect without the invalid, unlawful or unenforceable right, preference or limitation shall, nevertheless, remain in full force and effect, and no right, preference or limitation herein set forth shall be deemed dependent upon any other such right, preference or limitation unless so expressed herein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) <u>Other Rights</u>. Except as expressly provided in any agreement between a Holder and the Corporation, the Series A Preferred Shares shall not have any voting powers, preferences or relative, participating, optional or other special rights, or qualifications, limitations or restrictions thereof, other than as set forth herein or in the Certificate of Incorporation or as provided by applicable Law.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) <u>Headings</u>. The headings of the various subdivisions hereof are for convenience of reference only and shall not affect the interpretation of any of the provisions hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) <u>Effectiveness</u>. This Article NINTH shall become effective upon the filing thereof with the Secretary of State of the State of New York.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) <u>Waiver and Modifications</u>. Notwithstanding any provision in this Article NINTH to the contrary, the powers (including voting powers) of the Series A Preferred Shares and the preferences and relative, participating, optional, special or other rights, if any, and the qualifications, limitations or restrictions of the Series A Preferred Shares may be waived or modified as to all Series A Preferred Shares in any instance (without the necessity of calling, noticing or holding a meeting of stockholders) with the written consent of the Holders representing at least a majority of the then-issued and outstanding Series A Preferred Shares.

\* \* \*

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IN WITNESS WHEREOF, the undersigned has subscribed this Certificate of Amendment to the Certificate of Incorporation of the Corporation and affirms the statements herein contained as true under penalties of perjury this 28th day of January, 2026.

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| |
|:---|
| /s/ David J. Wilson |
| David J. Wilson |
| President and Chief Executive Officer |

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## Exhibit 3.2

**Exhibit 3.2** 

**CERTIFICATE OF AMENDMENT** 

**TO THE** 

**CERTIFICATE OF INCORPORATION** 

**OF** 

**COLUMBUS MCKINNON CORPORATION** 

(Under Section 805 of the Business Corporation Law)

The undersigned, Alan S. Korman, Senior Vice President – Corporate Development, General Counsel & Secretary, of Columbus McKinnon Corporation, a New York corporation (the "<u>Corporation</u>"), hereby certifies as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. The name of the Corporation is COLUMBUS MCKINNON CORPORATION. The name under which the Corporation was formed was COLUMBUS MCKINNON CHAIN CO., INC.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. The original Certificate of Incorporation was filed by the Department of State on September 23, 1929. The Restated Certificate of Incorporation of the Corporation, as amended from time to time (the "<u>Certificate of Incorporation</u>"), was filed by the Department of State on October 17, 2022.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. The Certificate of Incorporation, as previously restated, is hereby amended to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) increase the number of authorized shares of the Corporation from fifty-one million (51,000,000) shares, of which fifty million (50,000,000) shares are designated as common shares, par value $0.01 per share ("<u>Common Shares</u>"), and of which one million (1,000,000) shares are designated as preferred shares, par value $1.00 per share ("<u>Preferred Shares</u>"), to one hundred one million (101,000,000) authorized shares of the Corporation, of which one hundred million (100,000,000) shares are designated as Common Shares, par value $0.01 per share, and one million (1,000,000) shares are designated as Preferred Shares, par value $1.00 per share (the "<u>Share Increase Amendment</u>"); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) permit the exercise of certain preemptive rights by CD&R XII Keystone Holdings, L.P. provided for in Section 4.12 of that certain Investment Agreement, by and among the Corporation, CD&R XII Keystone Holdings, L.P. and Clayton, Dubilier & Rice Fund XII, L.P. (solely for purposes of Section 4.13 of the Investment Agreement), dated as of February 10, 2025 (the "<u>Preemptive Rights Amendment</u>").

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To effect the Share Increase Amendment, Article FOURTH of the Certificate of Incorporation, as restated, is hereby amended to read in its entirety as follows:

"FOURTH: The aggregate number of shares which the corporation shall have authority to issue is one hundred one million (101,000,000) shares, consisting of one hundred million (100,000,000) common shares, par value $0.01 per share ("<u>Common</u> <u>Shares</u>"), and one million (1,000,000) shares of preferred stock, par value $1.00 per share ("<u>Preferred Shares</u>"), which may be designated, from time to time, as one or more classes or series of Preferred Shares, in such number and with such designations, preferences, rights, qualifications, limitations or restrictions as shall be stated in the resolution or resolutions providing for the issuance of such class or series of Preferred Shares adopted by the Board of Directors from time to time, pursuant to the authority hereby given, the terms of which shall have been set forth in a Certificate of Amendment executed, verified and filed in the manner required by the Business Corporation Law; provided, however, that all shares of any one series or class of Preferred Shares shall be alike in every particular.

Subject to the rights of the holders of any Preferred Shares, the holders of Common Shares are entitled to receive dividends out of assets legally available therefor at such times and in such amounts as the Board of Directors may from time to time determine."

To effect the Preemptive Rights Amendment, Article SEVENTH of the Certificate of Incorporation, as restated, is hereby amended to read in its entirety as follows:

"SEVENTH: Except as provided for in Section 4.12 of that certain Investment Agreement, by and among the corporation, CD&R XII Keystone Holdings, L.P. and Clayton, Dubilier & Rice Fund XII, L.P. (solely for purposes of Section 4.13 of the Investment Agreement), dated as of February 10, 2025, as amended or supplemented from time to time, no holder of shares of the corporation of any class, now or hereafter authorized, shall have any preferential or preemptive right to subscribe for, purchase or receive any shares of the corporation of any class, now or hereafter authorized, or any options or warrants for such shares, or any rights to subscribe to or purchase such shares, or any securities convertible into, exchangeable for or carrying rights or options to purchase such shares, which may at any time be issued, sold or offered for sale by the corporation."

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. Except for the increase in the number of authorized shares of the Corporation and the number of shares classified as Common Shares, the Corporation's Common Shares and Preferred Shares will not be affected by this certificate of amendment to the Certificate of Incorporation. Immediately prior to the filing of this certificate of amendment to the Certificate of Incorporation, 28,739,366 Common Shares were issued and outstanding, 323,735 Common Shares were held as treasury shares, 20,936,899 Common Shares were authorized for issuance but unissued, zero Preferred Shares were issued and outstanding, and 1,000,000 Preferred Shares were authorized for issuance but unissued. Immediately after the filing of this certificate of amendment to the Certificate of Incorporation, 28,739,366 Common Shares will be issued and outstanding, 323,735 Common Shares will be held as treasury shares, 70,936,899 Common Shares will be authorized for issuance but unissued, zero Preferred Shares will be issued and outstanding, and 1,000,000 Preferred Shares will be authorized for issuance but unissued.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. The foregoing amendments to the Certificate of Incorporation were authorized by the vote of the Board of Directors of the Corporation followed by the approval of a majority of all outstanding Common Shares of the Corporation entitled to vote thereon at the Corporation's annual meeting of shareholders held on August 15, 2025.

**[SIGNATURE PAGE FOLLOWS]** 

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IN WITNESS WHEREOF, the undersigned has subscribed this Certificate of Amendment to the Certificate of Incorporation of the Corporation and affirms the statements herein contained as true under penalties of perjury this 28th day of January, 2026.

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| |
|:---|
| /s/ Alan S. Korman |
| Alan S. Korman |
| Senior Vice President – Corporate Development, |
| General Counsel & Secretary |

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## Exhibit 4.1

**Exhibit 4.1** 

COLUMBUS MCKINNON CORPORATION

as Issuer

and

the Guarantors from time to time party hereto

and

WILMINGTON TRUST, NATIONAL ASSOCIATION

as Trustee and Note Collateral Agent

SECURED NOTES INDENTURE

DATED AS OF JANUARY 30, 2026

7.125% SENIOR SECURED NOTES DUE 2033

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**TABLE OF CONTENTS**

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| | | |
|:---|:---|:---|
|  |  | **Page** |
| ARTICLE I | ARTICLE I | ARTICLE I |
| DEFINITIONS AND OTHER PROVISIONS | DEFINITIONS AND OTHER PROVISIONS | DEFINITIONS AND OTHER PROVISIONS |
| OF GENERAL APPLICATION | OF GENERAL APPLICATION | OF GENERAL APPLICATION |
| Section 101. | Definitions | 1 |
| Section 102. | Other Definitions | 60 |
| Section 103. | Rules of Construction | 62 |
| Section 104. | [Reserved] | 63 |
| Section 105. | [Reserved] | 63 |
| Section 106. | Compliance Certificates and Opinions | 63 |
| Section 107. | Form of Documents Delivered to Trustee | 64 |
| Section 108. | Acts of Noteholders; Record Dates | 64 |
| Section 109. | Notices, Etc., to Trustee, Note Collateral Agent and Company | 66 |
| Section 110. | Notices to Holders; Waiver | 67 |
| Section 111. | Effect of Headings and **Table of Contents** | 68 |
| Section 112. | Successors and Assigns | 68 |
| Section 113. | Separability Clause | 68 |
| Section 114. | Benefits of Indenture | 68 |
| Section 115. | GOVERNING LAW | 68 |
| Section 116. | Legal Holidays | 68 |
| Section 117. | No Personal Liability of Directors, Officers, Employees, Incorporators and Stockholders | 68 |
| Section 118. | Exhibits and Schedules | 69 |
| Section 119. | Counterparts | 69 |
| Section 120. | Force Majeure | 69 |
| Section 121. | Limited Condition Transaction | 69 |
| Section 122. | Division | 70 |
| Section 123. | Intercreditor Agreements | 71 |
| Section 124. | Designation under Base Intercreditor Agreement | 71 |
| Section 125. | Integration | 71 |
| Section 126. | WAIVER OF JURY TRIAL | 71 |
| Section 127. | Dollar Equivalent | 71 |
| Section 128. | Calculation Determinations | 71 |
| Section 129. | USA PATRIOT Act | 72 |

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<u>**Table of Contents**</u>

(continued)

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| | | |
|:---|:---|:---|
|  |  | Page |
| ARTICLE II | ARTICLE II | ARTICLE II |
| NOTE FORMS | NOTE FORMS | NOTE FORMS |
| Section 201. | Forms Generally | 73 |
| Section 202. | Form of Trustee's Certificate of Authentication | 74 |
| Section 203. | Restrictive and Global Note Legends | 75 |
| ARTICLE III | ARTICLE III | ARTICLE III |
| THE NOTES | THE NOTES | THE NOTES |
| Section 301. | General Terms; Additional Notes | 79 |
| Section 302. | Denominations | 79 |
| Section 303. | Execution, Authentication and Delivery and Dating | 79 |
| Section 304. | Temporary Notes | 80 |
| Section 305. | Note Registrar and Paying Agent | 80 |
| Section 306. | Mutilated, Destroyed, Lost and Stolen Notes | 82 |
| Section 307. | Payment of Interest Rights Preserved | 82 |
| Section 308. | Persons Deemed Owners | 83 |
| Section 309. | Cancellation | 83 |
| Section 310. | Computation of Interest | 84 |
| Section 311. | CUSIP Numbers, ISINs, Etc. | 84 |
| Section 312. | Book-Entry Provisions for Global Notes | 84 |
| Section 313. | Special Transfer Provisions | 86 |
| ARTICLE IV | ARTICLE IV | ARTICLE IV |
| COVENANTS | COVENANTS | COVENANTS |
| Section 401. | Payment of Principal, Premium and Interest | 89 |
| Section 402. | Maintenance of Office or Agency | 89 |
| Section 403. | Money for Payments to Be Held in Trust | 89 |
| Section 404. | Use of Proceeds Prior to the Consummation of the Kito Crosby Acquisition | 90 |
| Section 405. | SEC Reports | 91 |
| Section 406. | Statement as to Default | 93 |
| Section 407. | Limitation on Indebtedness | 93 |
| Section 408. | [Reserved]. | 100 |
| Section 409. | Limitation on Restricted Payments | 100 |
| Section 410. | Limitation on Restrictions on Distributions from Restricted Subsidiaries | 105 |
| Section 411. | Limitation on Sales of Assets and Subsidiary Stock | 108 |
| Section 412. | Limitation on Transactions with Affiliates | 115 |
| Section 413. | Limitation on Liens | 116 |
| Section 414. | Future Guarantors | 117 |
| Section 415. | Purchase of Notes Upon a Change of Control | 118 |
| Section 416. | Suspension of Covenants on Achievement of Investment Grade Rating | 120 |

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<u>**Table of Contents**</u>

(continued)

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| | | |
|:---|:---|:---|
|  |  | Page |
| ARTICLE V SUCCESSORS | ARTICLE V SUCCESSORS | ARTICLE V SUCCESSORS |
| Section 501. | When the Company May Merge, Etc. | 121 |
| Section 502. | Successor Company Substituted | 123 |
| ARTICLE VI REMEDIES | ARTICLE VI REMEDIES | ARTICLE VI REMEDIES |
| Section 601. | Events of Default | 123 |
| Section 602. | Acceleration of Maturity; Rescission and Annulment | 126 |
| Section 603. | Other Remedies; Collection Suit by Trustee | 127 |
| Section 604. | Trustee May File Proofs of Claim | 127 |
| Section 605. | Trustee May Enforce Claims Without Possession of Notes | 127 |
| Section 606. | Application of Money Collected | 128 |
| Section 607. | Limitation on Suits | 128 |
| Section 608. | [Reserved] | 129 |
| Section 609. | Restoration of Rights and Remedies | 129 |
| Section 610. | Rights and Remedies Cumulative | 129 |
| Section 611. | Delay or Omission Not Waiver | 129 |
| Section 612. | Control by Holders | 129 |
| Section 613. | Waiver of Past Defaults | 130 |
| Section 614. | Undertaking for Costs | 130 |
| Section 615. | Waiver of Stay, Extension or Usury Laws | 131 |
| ARTICLE VII | ARTICLE VII | ARTICLE VII |
| THE TRUSTEE | THE TRUSTEE | THE TRUSTEE |
| Section 701. | Certain Duties and Responsibilities | 131 |
| Section 702. | Notice of Defaults | 132 |
| Section 703. | Certain Rights of Trustee | 132 |
| Section 704. | Not Responsible for Recitals or Issuance of Notes | 134 |
| Section 705. | May Hold Notes | 134 |
| Section 706. | Money Held in Trust | 134 |
| Section 707. | Compensation and Reimbursement | 134 |
| Section 708. | Conflicting Interests | 135 |
| Section 709. | Corporate Trustee Required; Eligibility | 135 |
| Section 710. | Resignation and Removal; Appointment of Successor | 135 |
| Section 711. | Acceptance of Appointment by Successor | 136 |
| Section 712. | Merger, Conversion, Consolidation or Succession to Business | 137 |
| Section 713. | Preferential Collection of Claims Against the Company | 137 |
| Section 714. | Appointment of Authenticating Agent | 137 |

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iii

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<u>**Table of Contents**</u>

(continued)

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| | | |
|:---|:---|:---|
|  |  | Page |
| ARTICLE VIII | ARTICLE VIII | ARTICLE VIII |
| HOLDERS' LISTS AND REPORTS BY | HOLDERS' LISTS AND REPORTS BY | HOLDERS' LISTS AND REPORTS BY |
| TRUSTEE AND THE COMPANY | TRUSTEE AND THE COMPANY | TRUSTEE AND THE COMPANY |
| Section 801. | The Company to Furnish Trustee Names and Addresses of Holders | 138 |
| Section 802. | Preservation of Information; Communications to Holders | 138 |
| Section 803. | Reports by Trustee | 138 |
| ARTICLE IX | ARTICLE IX | ARTICLE IX |
| AMENDMENT, SUPPLEMENT OR WAIVER | AMENDMENT, SUPPLEMENT OR WAIVER | AMENDMENT, SUPPLEMENT OR WAIVER |
| Section 901. | Without Consent of Holders | 139 |
| Section 902. | With Consent of Holders | 140 |
| Section 903. | Execution of Amendments, Supplements or Waivers | 141 |
| Section 904. | Revocation and Effect of Consents | 142 |
| Section 905. | [Reserved] | 142 |
| Section 906. | Notation on or Exchange of Notes | 142 |
| Section 907. | Net Short Holders | 142 |
| ARTICLE X | ARTICLE X | ARTICLE X |
| REDEMPTION OF NOTES | REDEMPTION OF NOTES | REDEMPTION OF NOTES |
| Section 1001. | Applicability of Article | 145 |
| Section 1002. | Special Mandatory Redemption | 145 |
| Section 1003. | Election to Redeem; Notice to Trustee | 145 |
| Section 1004. | Selection by Trustee of Notes to Be Redeemed | 146 |
| Section 1005. | Notice of Redemption | 146 |
| Section 1006. | Deposit of Redemption Price | 147 |
| Section 1007. | Notes Payable on Redemption Date | 147 |
| Section 1008. | Notes Redeemed in Part | 148 |
| Section 1009. | Optional Redemption | 148 |
| ARTICLE XI | ARTICLE XI | ARTICLE XI |
| SATISFACTION AND DISCHARGE | SATISFACTION AND DISCHARGE | SATISFACTION AND DISCHARGE |
| Section 1101. | Satisfaction and Discharge of Indenture | 150 |
| Section 1102. | Application of Trust Money | 152 |

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iv

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<u>**Table of Contents**</u>

(continued)

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| | | |
|:---|:---|:---|
|  |  | Page |
| ARTICLE XII | ARTICLE XII | ARTICLE XII |
| DEFEASANCE OR COVENANT DEFEASANCE | DEFEASANCE OR COVENANT DEFEASANCE | DEFEASANCE OR COVENANT DEFEASANCE |
| Section 1201. | The Company's Option to Effect Defeasance or Covenant Defeasance | 152 |
| Section 1202. | Defeasance and Discharge | 152 |
| Section 1203. | Covenant Defeasance | 153 |
| Section 1204. | Conditions to Defeasance or Covenant Defeasance | 153 |
| Section 1205. | Deposited Money and U.S. Government Obligations to Be Held in Trust; Other Miscellaneous Provisions | 155 |
| Section 1206. | Reinstatement | 155 |
| Section 1207. | Repayments to the Company | 155 |
| ARTICLE XIII | ARTICLE XIII | ARTICLE XIII |
| NOTE GUARANTEES | NOTE GUARANTEES | NOTE GUARANTEES |
| Section 1301. | Guarantees Generally | 156 |
| Section 1302. | Continuing Guarantees | 157 |
| Section 1303. | Release of Note Guarantees | 158 |
| Section 1304. | [Reserved] | 159 |
| Section 1305. | Waiver of Subrogation | 159 |
| Section 1306. | Notation Not Required | 160 |
| Section 1307. | Successors and Assigns of Guarantors | 160 |
| Section 1308. | Execution and Delivery of Note Guarantees | 160 |
| Section 1309. | Notices | 160 |
| ARTICLE XIV | ARTICLE XIV | ARTICLE XIV |
| COLLATERAL AND SECURITY | COLLATERAL AND SECURITY | COLLATERAL AND SECURITY |
| Section 1401. | Collateral and Security Documents | 160 |
| Section 1402. | Release of Collateral | 162 |
| Section 1403. | After-Acquired Property | 163 |
| Section 1404. | Suits to Protect the Collateral | 163 |
| Section 1405. | Authorization of Receipt of Funds by the Trustee Under the Note Security Documents | 164 |
| Section 1406. | Purchaser Protected | 164 |
| Section 1407. | Powers Exercisable by Receiver or Trustee | 164 |
| Section 1408. | Reports and Certificates Relating to Collateral | 164 |
| Section 1409. | Note Collateral Agent | 165 |
| Section 1410. | Compensation and Indemnification | 169 |
| Section 1411. | The Intercreditor Agreements and the Note Security Documents | 169 |
| Section 1412. | [Reserved] | 170 |
| Section 1413. | Confidentiality | 170 |

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v

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<u>**Table of Contents**</u>

(continued)

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| | |
|:---|:---|
| Exhibit A | Form of Note |
| Exhibit B | Form of Certificate of Beneficial Ownership |
| Exhibit C | Form of Regulation S Certificate |
| Exhibit D | Form of Supplemental Indenture in Respect of Guarantees |
| Exhibit E | Form of Certificate from Acquiring Institutional Accredited Investors |

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vi

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INDENTURE, dated as of January 30, 2026 (as amended, supplemented or otherwise modified from time to time, this "<u>Indenture</u>"), among Columbus McKinnon Corporation, a New York corporation, as issuer, the Guarantors (as defined below) from time to time party hereto, and Wilmington Trust, National Association, a national banking association, as Trustee and as Note Collateral Agent.

RECITALS OF THE COMPANY

The Company has duly authorized the execution and delivery of this Indenture to provide for the issuance of the Notes.

All things necessary to make this Indenture a valid agreement of the Company in accordance with the terms of the Initial Notes and this Indenture have been done.

NOW, THEREFORE, THIS INDENTURE WITNESSETH:

For and in consideration of the premises and the purchase of the Notes by the Holders thereof, it is mutually agreed, for the benefit of all Holders of the Notes, as follows:

ARTICLE I

DEFINITIONS AND OTHER PROVISIONS

<u>OF GENERAL APPLICATION</u> 

Section 101. <u>Definitions</u>.

"<u>Acquired Indebtedness</u>" means Indebtedness of a Person (<u>i</u>) existing at the time such Person becomes a Subsidiary or (<u>ii</u>) assumed in connection with the acquisition of assets from such Person, in each case other than Indebtedness Incurred in connection with, or in contemplation of, such Person becoming a Subsidiary or such acquisition of assets. Acquired Indebtedness shall be deemed to be Incurred on the date of the related acquisition of assets from any Person or the date the acquired Person becomes a Subsidiary.

"<u>Acquisition Indebtedness</u>" means Indebtedness of (<u>i</u>) the Company or any Restricted Subsidiary Incurred to finance or refinance, or otherwise Incurred in connection with, any acquisition of any assets (including Capital Stock), business or Person, or any merger, amalgamation or consolidation of any Person with or into the Company or any Restricted Subsidiary, or (<u>ii</u>) any Person that is acquired by or merged, amalgamated or consolidated with or into the Company or any Restricted Subsidiary (including Indebtedness thereof Incurred in connection with any such acquisition, merger, amalgamation or consolidation).

"<u>Additional Assets</u>" means (<u>i</u>) any property or assets that replace the property or assets that are the subject of an Asset Disposition; (<u>ii</u>) any property or assets (other than Indebtedness and Capital Stock) used or to be used by the Company or a Restricted Subsidiary or otherwise useful in a Related Business, and any capital expenditures in respect of any property or assets already so used; (<u>iii</u>) the Capital Stock of a Person that is engaged in a Related Business and becomes a Restricted Subsidiary as a result of the acquisition of such Capital Stock by the Company or another Restricted Subsidiary; or (<u>iv</u>) the Capital Stock of any Person that at such time is a Restricted Subsidiary acquired from a third party.

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"<u>Additional Notes</u>" means any notes issued under this Indenture in addition to the Initial Notes (other than any Notes issued pursuant to <u>Sections</u> <u>304</u>, <u>305</u>, <u>306</u>, <u>312(d)</u>, <u>312(e)</u> or <u>1008</u>).

"<u>Additional Obligations</u>" has the meaning assigned to such term in the Base Intercreditor Agreement.

"<u>Affiliate</u>" of any specified Person means any other Person, directly or indirectly, controlling or controlled by or under direct or indirect common control with such specified Person.

"<u>After Acquired Property</u>" means any and all assets or property (other than Excluded Assets) acquired by the Company or any Guarantor after the Kito Crosby Acquisition Closing Date that constitutes or is required to constitute Collateral.

"<u>Applicable Premium</u>" means, with respect to a Note at any Redemption Date, the greater of (<u>i</u>) 1.00% of the principal amount of such Note and (<u>ii</u>) the excess of (<u>A</u>) the present value at such Redemption Date, calculated as of the date of the applicable redemption notice, of (<u>1</u>) the redemption price of such Note on February 1, 2029 (such redemption price being that described in <u>Section</u> <u>1009(i)</u>), plus (<u>2</u>) all required remaining scheduled interest payments due on such Note through such date (excluding accrued and unpaid interest to the Redemption Date), computed using a discount rate equal to the Treasury Rate plus 50 basis points, over (<u>B</u>) the principal amount of such Note on such Redemption Date. Calculation of the Applicable Premium will be made by the Company or on behalf of the Company by such Person as the Company shall designate; <u>provided</u> that such calculation shall not be a duty or obligation of the Trustee.

"<u>Applicable Procedures</u>" means, with respect to any transfer or exchange of or for, redemption or notice with respect to beneficial interests in any Global Note or the redemption or repurchase of any Global Note, the rules and procedures of DTC, the Depositary, Euroclear and/or Clearstream that apply to such transfer, exchange, redemption or repurchase.

"<u>Approved Restructuring Charges</u>" means (i) cash or non-cash restructuring charges incurred by the Company and/or its Subsidiaries in an aggregate amount not to exceed $350.0 million for the term of this Indenture and (ii) non-cash restructuring charges incurred by the Company and/or its Subsidiaries.

"<u>Asset Disposition</u>" means any sale, lease, transfer, Division or other disposition of shares of Capital Stock of a Restricted Subsidiary (other than directors' qualifying shares, or (in the case of a Foreign Subsidiary) to the extent required by any applicable law), property or other assets (each referred to for the purposes of this definition as a "<u>disposition</u>") by the Company or any of its Restricted Subsidiaries (including any disposition by means of a merger, consolidation or similar transaction) other than (<u>i</u>) a disposition to the Company or a Restricted Subsidiary, (<u>ii</u>) a disposition in the ordinary course of business (including in connection with any factoring agreement or similar arrangements), (<u>iii</u>) a disposition of Cash Equivalents, Investment

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Grade Securities or Temporary Cash Investments, (<u>iv</u>) the sale or discount (with or without recourse, and on customary or commercially reasonable terms, as determined in good faith by the Company, which determination shall be conclusive) of accounts receivable or notes receivable (including ancillary rights pertaining thereto) which have arisen in the ordinary course of business, or the conversion or exchange of accounts receivable for notes receivable, (<u>v</u>) any Restricted Payment Transaction, (<u>vi</u>) a disposition that is governed by <u>Article V</u>, (<u>vii</u>) any Financing Disposition, (<u>viii</u>) any "fee in lieu" or other disposition of assets to any Governmental Authority that continue in use by the Company or any Restricted Subsidiary, so long as the Company or any Restricted Subsidiary may obtain title to such assets upon reasonable notice by paying a nominal fee, (<u>ix</u>) any exchange of property pursuant to or intended to qualify under Section 1031 (or any successor section) of the Code, or any exchange of equipment to be leased, rented or otherwise used in a Related Business, (<u>x</u>) any financing transaction with respect to property built or acquired by the Company or any Restricted Subsidiary after the Issue Date or, with respect to the Kito Crosby Entities, the Kito Crosby Acquisition Closing Date, including any sale/leaseback transaction or asset securitization, (<u>xi</u>) any disposition arising from foreclosure, condemnation, eminent domain, compulsory purchase, enforcement or similar action with respect to any property or other assets, or exercise of termination rights under any lease, license, concession or other agreement, or necessary or advisable (as determined by the Company in good faith, which determination shall be conclusive) in order to consummate any acquisition of (or any merger, consolidation, amalgamation or other business combination with or into) any Person, business or assets, or pursuant to buy/sell arrangements under any joint venture or similar agreement or arrangement, or of non-core assets acquired in connection with any acquisition of any Person, business or assets or any Investment, (<u>xii</u>) any disposition of Capital Stock, Indebtedness or other securities of an Unrestricted Subsidiary, (<u>xiii</u>) a disposition of Capital Stock of a Restricted Subsidiary pursuant to an agreement or other obligation with or to a Person (other than the Company or a Restricted Subsidiary) from whom such Restricted Subsidiary was acquired, or from whom such Restricted Subsidiary acquired its business and assets (having been newly formed in connection with such acquisition), entered into in connection with such acquisition, (<u>xiv</u>) a disposition of not more than 5.0% of the outstanding Capital Stock of a Foreign Subsidiary that has been approved by the Board of Directors, (<u>xv</u>) any disposition or series of related dispositions for aggregate consideration not to exceed the greater of (a) $65.0 million and (b) 15.0% of Four Quarter Consolidated EBITDA (as of the date on which a binding commitment for such disposition was entered into), (<u>xvi</u>) the abandonment or other disposition of patents, patent applications, trademarks (whether or not registered, and including applications for trademark registration) or other intellectual property that are, in the good faith determination of the Company, which determination shall be conclusive, no longer economically practicable to maintain or useful in the conduct of the business of the Company and its Subsidiaries taken as a whole, (<u>xvii</u>) any license, sublicense or other grant of rights in or to any trademark, copyright, patent or other intellectual property, (<u>xviii</u>) any Exempt Sale and Leaseback Transaction, (<u>xix</u>) the creation or granting of any Lien permitted under this Indenture, (<u>xx</u>) any sale of property or assets, if the acquisition of such property or assets was financed with Excluded Contributions, (<u>xxi</u>) [Reserved], (<u>xxii</u>) any surrender or waiver of contractual rights and settlement or waiver of contractual or litigation claims in the ordinary course of business, (<u>xxiii</u>) any issuance by the Company of Capital Stock, or (<u>xxiv</u>) the Royal Divestiture.

"<u>Authenticating Agent</u>" means any Person authorized by the Trustee pursuant to <u>Section</u> <u>714</u> to act on behalf of the Trustee to authenticate Notes.

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"<u>Available Restricted Debt Payments Amount</u>" means, at any time, (<u>i</u>) the amount of Restricted Payments of the type described in clause (iii) of the definition thereof that may be made at the time of determination pursuant to <u>Section</u> <u>409(b)(xiv)(z)(1)</u> minus (<u>ii</u>) the amount of Investments outstanding pursuant to <u>clause (xviii)(z)</u> of the definition of Permitted Investment from utilization of the Available Restricted Debt Payments Amount.

"<u>Available Restricted Payments Amount</u>" means, at any time, (<u>i</u>) the amount of Restricted Payments that may be made at the time of determination pursuant to <u>Section</u> <u>409(b)(vi)</u> minus (<u>ii</u>) the sum (without duplication) of (<u>a</u>) the amount of Investments outstanding pursuant to <u>clause (xviii)(y)</u> of the definition of Permitted Investment from utilization of the Available Restricted Payments Amount and (<u>b</u>) the amount of the Available Restricted Payments Amount utilized by the Company or any Restricted Subsidiary to make Restricted Payments of the type described in clause (iii) of the definition thereof pursuant to <u>Section</u> <u>409(b)(xiv)(z)(2)</u>.

"<u>Bank Products Agreement</u>" means any agreement pursuant to which a bank or other financial institution or other Person agrees to provide (<u>a</u>) treasury services, (<u>b</u>) credit card, debit card, merchant card, purchasing card, stored value card, non-card electronic payable or other similar services (including the processing of payments and other administrative services with respect thereto), (<u>c</u>) cash management or related services (including controlled disbursements, automated clearinghouse transactions, return items, netting, overdrafts, depository, lockbox, stop payment, electronic funds transfer, information reporting, wire transfer and interstate depository network services) and (<u>d</u>) other banking, financial or treasury products or services as may be requested by the Company or any Restricted Subsidiary (other than letters of credit and other than loans and advances except indebtedness arising from services described in clauses (a) through (c) of this definition), including, for the avoidance of doubt, bank guarantees.

"<u>Bank Products Obligations</u>" of any Person means the obligations of such Person pursuant to any Bank Products Agreement.

"<u>Base Intercreditor Agreement</u>" means the Base Intercreditor Agreement, to be dated as of the Kito Crosby Acquisition Closing Date, by and among the Original First Lien Agent (in its capacity as collateral agent under the Senior Credit Facility), the Note Collateral Agent (in its capacity as collateral agent under this Indenture and the Note Security Documents), the Company, Columbus McKinnon EMEA GMBH, and the Guarantors, and as amended, supplemented, waived or otherwise modified from time to time.

"<u>Board</u>" means the Board of Governors of the Federal Reserve System.

"<u>Board of Directors</u>" means, for any Person, the board of directors or other governing body of such Person or, if such Person does not have such a board of directors or other governing body and is owned or managed by a single entity, the board of directors or other governing body of such entity, or, in either case, any committee thereof duly authorized to act on behalf of such board of directors or other governing body. Unless otherwise provided, "Board of Directors" means the Board of Directors of the Company.

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"<u>Business Day</u>" means a day other than a Saturday or a Sunday or other day on which banking institutions or trust companies are authorized or required by law to close in New York, New York or the place of payment.

"<u>Capital Market Indebtedness</u>" means any series of capital market Indebtedness with an aggregate principal amount outstanding in excess of $50.0 million.

"<u>Capital Stock</u>" of any Person means any and all shares or units of, rights to purchase, warrants or options for, or other equivalents of or interests in (however designated) equity of such Person, including any Preferred Stock, but excluding any debt securities convertible into such equity.

"<u>Captive Insurance Subsidiary</u>" means any Subsidiary of the Company that is subject to regulation as an insurance company (or any Subsidiary thereof).

"<u>Cash Equivalents</u>" means any of the following: (<u>a</u>) money, (<u>b</u>) securities issued or fully guaranteed or insured by the United States of America, Canada, the United Kingdom, Switzerland or a member state of the European Union or any agency or instrumentality of any thereof, (<u>c</u>) time deposits, certificates of deposit or bankers' acceptances of (<u>i</u>) any bank or other institutional lender under the Senior Credit Facility or any affiliate thereof or (<u>ii</u>) any commercial bank having capital and surplus in excess of $250.0 million (or the foreign currency equivalent thereof as of the date of such investment) and the commercial paper of the holding company of which is rated at least A-2 or the equivalent thereof by S&P or at least P-2 or the equivalent thereof by Moody's (or, if at such time neither is issuing ratings, a comparable rating of another nationally recognized rating agency), (<u>d</u>) repurchase obligations with a term of not more than seven days for underlying securities of the types described in clauses (b) and (c) above entered into with any financial institution meeting the qualifications specified in clause (c)(i) or (c)(ii) above, (<u>e</u>) money market instruments, commercial paper or other short-term obligations rated at least A-2 or the equivalent thereof by S&P or at least P-2 or the equivalent thereof by Moody's (or, if at such time neither is issuing ratings, a comparable rating of another nationally recognized rating agency), (<u>f</u>) investments in money market funds subject to the risk limiting conditions of Rule 2a-7 or any successor rule of the SEC under the Investment Company Act of 1940, as amended, (<u>g</u>) investment funds investing at least 90.0% of their assets in cash equivalents of the types described in clauses (a) through (f) above (which funds may also hold cash pending investment and/or distribution), (<u>h</u>) investments similar to any of the foregoing denominated in foreign currencies approved by the Board of Directors, (<u>i</u>) short-term marketable debt securities and (<u>j</u>) solely with respect to any Captive Insurance Subsidiary, any investment that any such Person is permitted to make in accordance with applicable law.

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

(<u>i</u>) any "person" (as such term is used in Sections 13(d) and 14(d) of the Exchange Act as in effect on the Issue Date), other than one or more Permitted Holders, becomes the "beneficial owner" (as defined in Rules 13d-3 and 13d-5 under the Exchange Act as in effect on the Issue Date), directly or indirectly, of more than 50.0% of the total voting power of the Voting Stock of the Company; <u>provided</u> that (<u>x</u>) so long as the Company is a Subsidiary of any Parent, no "person" shall be deemed to be or become a "beneficial

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owner" of more than 50.0% of the total voting power of the Voting Stock of the Company unless such "person" shall be or become a "beneficial owner" of more than 50.0% of the total voting power of the Voting Stock of such Parent (other than a Parent that is a Subsidiary of another Parent) and (<u>y</u>) any Voting Stock of which any Permitted Holder is the "beneficial owner" shall not in any case be included in any Voting Stock of which any such "person" is the "beneficial owner"; or

(<u>ii</u>) the Company sells or transfers, in one or a series of related transactions, all or substantially all of the assets of the Company and its Restricted Subsidiaries to, another Person (other than one or more Permitted Holders) and any "person" (as defined in clause (i) above), other than one or more Permitted Holders, is or becomes the "beneficial owner", directly or indirectly, of more than 50.0% of the total voting power of the Voting Stock of the transferee Person in such sale or transfer of assets, as the case may be; <u>provided</u> that (<u>x</u>) so long as such transferee Person is a Subsidiary of a parent Person, no "person" shall be deemed to be or become a "beneficial owner" of more than 50.0% of the total voting power of the Voting Stock of such transferee Person unless such "person" shall be or become a "beneficial owner" of more than 50.0% of the total voting power of the Voting Stock of such parent Person (other than a parent Person that is a Subsidiary of another parent Person) and (<u>y</u>) any Voting Stock of which any Permitted Holder is the "beneficial owner" shall not in any case be included in any Voting Stock of which any such "person" is the beneficial owner.

For the purpose of this definition, so long as at the time of any Minority Business Disposition or any Minority Business Offering the Minority Business Disposition Condition is met, the Minority Business Assets shall not be deemed at any time to constitute all or substantially all of the assets of the Company and its Restricted Subsidiaries, and any sale or transfer of all or any part of the Minority Business Assets (whether directly or indirectly, whether by sale or transfer of any such assets, or of any Capital Stock or other interest in any Person holding such assets, or by merger or consolidation, or any combination thereof, and whether in one or more transactions, or otherwise, including any Minority Business Offering or any Minority Business Disposition) shall not be deemed at any time to constitute a sale or transfer of all or substantially all of the assets of the Company and its Restricted Subsidiaries.

Notwithstanding anything to the contrary herein, neither the Kito Crosby Acquisition nor any other Transaction shall constitute or give rise to a Change of Control.

"<u>Clearstream</u>" means Clearstream Luxembourg, société anonyme, or any successor securities clearing agency.

"<u>Code</u>" means the Internal Revenue Code of 1986, as amended from time to time.

"<u>Collateral Agreement</u>" means the Notes Collateral Agreement, dated as of the Kito Crosby Acquisition Closing Date, among the Note Collateral Agent, the Company and the Guarantors party thereto from time to time, as amended, supplemented, waived, modified, renewed or replaced from time to time.

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"<u>Commodities Agreement</u>" means, in respect of a Person, any commodity futures contract, forward contract, option or similar agreement or arrangement (including derivative agreements or arrangements), as to which such Person is a party or beneficiary.

"<u>Company</u>" means Columbus McKinnon Corporation, a New York corporation, and any successor in interest thereto.

"<u>Company Request</u>" and "<u>Company Order</u>" mean, respectively, a written request, order or consent signed in the name of the Company by an Officer of the Company.

"<u>Consolidated Coverage Ratio</u>" as of any date of determination means the ratio of (<u>i</u>) the aggregate amount of Consolidated EBITDA for the period of the most recent four consecutive fiscal quarters of the Company ending prior to the date of such determination for which consolidated financial statements of the Company are available to (<u>ii</u>) Consolidated Interest Expense for such four fiscal quarters (in each of the foregoing clauses (i) and (ii), determined for any fiscal quarter (or portion thereof) ending prior to the Kito Crosby Acquisition Closing Date, on a pro forma basis to give effect to the Transactions as if they had occurred at the beginning of such four-quarter period); <u>provided</u> that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) if, since the beginning of such period, the Company or any Restricted Subsidiary has Incurred any Indebtedness or the Company has issued any Designated Preferred Stock that remains outstanding on such date of determination or if the transaction giving rise to the need to calculate the Consolidated Coverage Ratio is an Incurrence of Indebtedness by the Company or any Restricted Subsidiary or an issuance of Designated Preferred Stock of the Company, Consolidated EBITDA and Consolidated Interest Expense for such period shall be calculated after giving effect on a pro forma basis to such Indebtedness or Designated Preferred Stock as if such Indebtedness or Designated Preferred Stock had been Incurred or issued, as applicable, on the first day of such period (except that in making such computation, the amount of Indebtedness under any revolving credit facility outstanding on the date of such calculation shall be computed based on (<u>A</u>) the average daily balance of such Indebtedness during such four fiscal quarters or such shorter period for which such facility was outstanding or (<u>B</u>) if such facility was created after the end of such four fiscal quarters, the average daily balance of such Indebtedness during the period from the date of creation of such facility to the date of such calculation),

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) if, since the beginning of such period, the Company or any Restricted Subsidiary has Discharged any Indebtedness or any Designated Preferred Stock of the Company, that is no longer outstanding on such date of determination or if the transaction giving rise to the need to calculate the Consolidated Coverage Ratio involves a Discharge of Indebtedness (in each case other than Indebtedness Incurred under any revolving credit facility unless such Indebtedness has been Discharged with an equivalent permanent reduction in commitments thereunder) or a Discharge of Designated Preferred Stock of the Company, Consolidated EBITDA and Consolidated Interest Expense for such period shall be calculated after giving effect on a pro forma basis to such Discharge of Indebtedness or Designated Preferred Stock, including with the proceeds of such new Indebtedness or such new Designated Preferred Stock of the Company, as if such Discharge had occurred on the first day of such period,

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) if, since the beginning of such period, the Company or any Restricted Subsidiary shall have disposed of any company, any business or any group of assets constituting an operating unit of a business, including any such disposition occurring in connection with a transaction causing a calculation to be made hereunder, or designated any Restricted Subsidiary as an Unrestricted Subsidiary (any such disposition or designation, a "<u>Sale</u>"), the Consolidated EBITDA for such period shall be reduced by an amount equal to the Consolidated EBITDA (if positive) attributable to the company, business or group of assets that are the subject of such Sale for such period or increased by an amount equal to the Consolidated EBITDA (if negative) attributable thereto for such period and Consolidated Interest Expense for such period shall be reduced by an amount equal to (<u>A</u>) the Consolidated Interest Expense attributable to any Indebtedness of the Company or any Restricted Subsidiary Discharged with respect to the Company and its continuing Restricted Subsidiaries in connection with such Sale for such period (including but not limited to through the assumption of such Indebtedness by another Person) <u>plus</u> (<u>B</u>) if the Capital Stock of any Restricted Subsidiary is disposed of in such Sale or any Restricted Subsidiary is designated as an Unrestricted Subsidiary, the Consolidated Interest Expense for such period attributable to the Indebtedness of such Restricted Subsidiary to the extent the Company and its continuing Restricted Subsidiaries are no longer liable for such Indebtedness after such Sale,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) if, since the beginning of such period, the Company or any Restricted Subsidiary (by merger, consolidation or otherwise) shall have made an Investment in any Person that thereby becomes a Restricted Subsidiary, or otherwise acquired any company, any business or any group of assets constituting an operating unit of a business, including any such Investment or acquisition occurring in connection with a transaction causing a calculation to be made hereunder, or designated any Unrestricted Subsidiary as a Restricted Subsidiary (any such Investment, acquisition or designation, a "<u>Purchase</u>"), Consolidated EBITDA and Consolidated Interest Expense for such period shall be calculated after giving pro forma effect thereto (including the Incurrence of any related Indebtedness) as if such Purchase occurred on the first day of such period, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5) if, since the beginning of such period, any Person became a Restricted Subsidiary or was merged or consolidated with or into the Company or any Restricted Subsidiary, and since the beginning of such period such Person shall have Discharged any Indebtedness or made any Sale or Purchase that would have required an adjustment pursuant to clause (2), (3) or (4) above if made by the Company or a Restricted Subsidiary since the beginning of such period, Consolidated EBITDA and Consolidated Interest Expense for such period shall be calculated after giving pro forma effect thereto as if such Discharge, Sale or Purchase occurred on the first day of such period.

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For purposes of this definition, whenever pro forma effect is to be given to any Sale, Purchase or other transaction, or the amount of income or earnings relating thereto and the amount of Consolidated Interest Expense associated with any Indebtedness Incurred, Designated Preferred Stock issued or Indebtedness or Designated Preferred Stock Discharged in connection therewith, the pro forma calculations in respect thereof (including in respect of anticipated cost savings or synergies relating to any such Sale, Purchase or other transaction) shall be as determined in good faith by the Chief Financial Officer or an authorized Officer of the Company, which determination shall be conclusive; <u>provided</u> that with respect to cost savings or synergies relating to any Sale, Purchase or other transaction, the related actions are expected by the Company to be taken no later than 36 months after the date of determination. If any Indebtedness bears a floating rate of interest and is being given pro forma effect, the interest expense on such Indebtedness shall be calculated as if the rate in effect on the date of determination had been the applicable rate for the entire period (taking into account any Interest Rate Agreement applicable to such Indebtedness). If any Indebtedness bears, at the option of the Company or a Restricted Subsidiary, a rate of interest based on a prime or similar rate, a eurocurrency interbank offered rate or other fixed or floating rate, and such Indebtedness is being given pro forma effect, the interest expense on such Indebtedness shall be calculated by applying such optional rate as the Company or such Restricted Subsidiary may designate. If any Indebtedness that is being given pro forma effect was Incurred under a revolving credit facility, the interest expense on such Indebtedness shall be computed based upon the average daily balance of such Indebtedness during the applicable period. Interest on a Financing Lease Obligation shall be deemed to accrue at an interest rate determined in good faith by a responsible financial or accounting officer of the Company (which determination shall be conclusive) to be the rate of interest implicit in such Financing Lease Obligation in accordance with GAAP.

"<u>Consolidated EBITDA</u>" means, for any period and without duplication, (a) Consolidated Net Income for such period, plus (b) to the extent deducted in calculating Consolidated Net Income and without duplication (i) income taxes expensed during such period, (ii) Consolidated Interest Expense during such period, (iii) depreciation, amortization and other non-cash charges accrued for such period, (iv) Approved Restructuring Charges incurred during such period, (v) non-cash losses from any Asset Disposition or discontinued operation during such period, (vi) non cash losses arising from mark-to-market hedging arrangements, (vii) all non-recurring premiums, fees, costs and expenses (including, without limitation, any prepayment premiums, bonuses, foreign currency hedging costs incurred in connection with the consideration for any permitted acquisition or other Investment and any loan forgiveness and associated tax gross up payments and fees) incurred or payable by or on behalf of the Company or any Subsidiary thereof in connection with any such acquisition or other Investment during such period (excluding the Kito Crosby Acquisition), in each case, whether or not such acquisition or other Investment is consummated, (viii) the amount of net cost savings projected by the Company in good faith to be realized as the result of actions taken or to be taken on or prior to the date that is 36 months after the Kito Crosby Acquisition Closing Date, or 36 months after the initiation or consummation of any operational change, or within 36 months of the consummation of any applicable acquisition or cessation of operations which was consummated prior to the Kito Crosby Acquisition Closing Date, respectively (calculated on a pro forma basis as though such cost savings had been realized on the first day of such period), net of the amount of actual benefits realized during such period from such actions (which adjustments may be incremental to pro forma adjustments made pursuant to the proviso to the definition of "Consolidated Coverage Ratio", "Consolidated First Lien Leverage Ratio", "Consolidated Secured Leverage Ratio", "Consolidated Total Leverage Ratio" or "Four Quarter Consolidated EBITDA"), (ix)

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Transaction Costs recorded on or prior to 12 months after the Kito Crosby Acquisition Closing Date in an aggregate amount not to exceed $100.0 million, (x) any extraordinary, unusual or nonrecurring loss or charge, any exceptional, special or infrequent loss or charge and any other loss or charge not in the ordinary course of business (as determined by the Company in good faith, which determination shall be conclusive) and (xi) adjustments consistent with Regulation S-X or additions of the type reflected in any quality of earnings analysis prepared by independent certified public accountants of nationally recognized standing (it being understood that any "Big Four" accounting firms are of nationally recognized standing) or any other accounting firm reasonably acceptable to the Trustee and delivered to the Trustee in connection with any acquisition of assets (including Capital Stock), including the Kito Crosby Acquisition, business or Person, or any merger, amalgamation or consolidation of any Person with or into the Company or any Restricted Subsidiary, or any other Investment, in each case that is permitted under this Indenture, minus (c) to the extent such items were added in calculating Consolidated Net Income (i) extraordinary gains during such period, (ii) gains from any Asset Disposition or discontinued operation during such period, (iii) interest and other income (excluding interest and other income related to CM Insurance Company, Inc.) during such period, (iv) Federal, state, local and foreign income tax credits of the Company and its Subsidiaries for such period, and (v) all non-cash items for such period (including, without limitation, non-cash gains arising from mark-to-market hedging arrangements).

"<u>Consolidated First Lien Indebtedness</u>" means, as of any date of determination, (<u>i</u>) an amount equal to the Consolidated Total Indebtedness (without regard to clause (ii) of the definition thereof) as of such date that, in each case, is then secured by Liens on Collateral (other than (<u>x</u>) Indebtedness secured by a Lien ranking junior to or subordinated to the Liens securing the Notes (but, for the avoidance of doubt, not excluding other Consolidated Total Indebtedness secured by Liens *pari passu* therewith), (<u>y</u>) property or assets held in a defeasance or similar trust or arrangement for the benefit of the Indebtedness secured thereby and (<u>z</u>) Indebtedness that is expressly subordinated in right of payment to the Obligations) <u>minus</u> (<u>ii</u>) the sum of (A) the amount of such Indebtedness consisting of Indebtedness of a type referred to in, or Incurred pursuant to, <u>Section</u> <u>407(b)(ix)</u> and (B) cash, Cash Equivalents and Temporary Cash Investments held by the Company and its Restricted Subsidiaries (x) as of the end of the most recent fiscal month of the Company ending prior to the date of such determination for which consolidated financial statements of the Company are available, (y) from the proceeds of any capital contribution to the Company or from the issuance or sale of its Capital Stock, from the proceeds of any Asset Disposition or from any Incurrence of Indebtedness since the date of such financial statement and on or prior to the date of determination (that, in the case of Indebtedness, are in the good faith judgment of the Company (which shall be conclusive) intended to be used for working capital purposes) and (z) that cash collateralize letters of credit issued on behalf of the Company or any of its Restricted Subsidiaries, including the proceeds of any Indebtedness being borrowed at the time of determination.

"<u>Consolidated First Lien Leverage Ratio</u>" means, as of any date of determination, the ratio of (<u>i</u>) an amount equal to (x) Consolidated First Lien Indebtedness as at such date (which shall include letter of credit and bankers' acceptance obligations, other than those relating to commercial letters of credit) (after giving effect to any Incurrence or Discharge of Indebtedness on such date), minus (y) Indebtedness in respect of Guarantees by the Company permitted pursuant to <u>Section</u> <u>407(b)(vi)</u> to (<u>ii</u>) the aggregate amount of Consolidated EBITDA

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for the period of the most recent four consecutive fiscal quarters of the Company ending prior to the date of such determination for which consolidated financial statements of the Company are available (determined, for any fiscal quarter (or portion thereof) ending prior to the Kito Crosby Acquisition Closing Date, on a pro forma basis to give effect to the Transactions as if they had occurred at the beginning of such four-quarter period), <u>provided</u> that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) if, since the beginning of such period, the Company or any Restricted Subsidiary shall have made a Sale (including any Sale occurring in connection with a transaction causing a calculation to be made hereunder), the Consolidated EBITDA for such period shall be reduced by an amount equal to the Consolidated EBITDA (if positive) attributable to the assets that are the subject of such Sale for such period or increased by an amount equal to the Consolidated EBITDA (if negative) attributable thereto for such period;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) if, since the beginning of such period, the Company or any Restricted Subsidiary (by merger, consolidation or otherwise) shall have made a Purchase (including any Purchase occurring in connection with a transaction causing a calculation to be made hereunder), Consolidated EBITDA for such period shall be calculated after giving pro forma effect thereto as if such Purchase occurred on the first day of such period; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) if, since the beginning of such period, any Person became a Restricted Subsidiary or was merged or consolidated with or into the Company or any Restricted Subsidiary, and since the beginning of such period such Person shall have made any Sale or Purchase that would have required an adjustment pursuant to clause (1) or (2) above if made by the Company or a Restricted Subsidiary since the beginning of such period, Consolidated EBITDA for such period shall be calculated after giving pro forma effect thereto as if such Sale or Purchase occurred on the first day of such period;

<u>provided</u> that, (<u>x</u>) in the event that the Company shall classify Indebtedness Incurred on the date of determination as secured in part pursuant to clause (k)(1) of the "Permitted Liens" definition in respect of Indebtedness Incurred pursuant to the Ratio Incremental Facility and in part pursuant to such clause (k)(1) in respect of Indebtedness Incurred pursuant to <u>Section</u> <u>407(b)(i)</u> (other than pursuant to the Ratio Incremental Facility) or one or more other clauses or subclauses of the definition of "Permitted Liens" (other than clause (s)), as provided in clause (w) of the final paragraph of such definition, any calculation of the Consolidated First Lien Leverage Ratio on such date of determination shall not include any such Indebtedness (and shall not give effect to any Discharge of Indebtedness from the proceeds thereof) not Incurred pursuant to the Ratio Incremental Facility and (y) in the event that the Company shall classify Indebtedness Incurred on the date of determination as secured in part pursuant to clause (s) of the "Permitted Liens" definition and in part pursuant to one or more other clause of the definition of "Permitted Liens" (other than clause (k)(1) in respect of Indebtedness Incurred pursuant to the Ratio Incremental Facility), as provided in clause (x) of the final paragraph of such definition, any calculation of the Consolidated First Lien Leverage Ratio on such date of determination shall not include any such Indebtedness (and shall not give effect to any Discharge of Indebtedness from the proceeds thereof) to the extent secured pursuant to any such other clause of such definition.

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For purposes of this definition, whenever pro forma effect is to be given to any Sale, Purchase or other transaction, or the amount of income or earnings relating thereto, the pro forma calculations in respect thereof (including in respect of anticipated cost savings or synergies relating to any such Sale, Purchase or other transaction) shall be as determined in good faith by the Chief Financial Officer or another authorized Officer of the Company, which determination shall be conclusive; <u>provided</u> that with respect to cost savings or synergies relating to any Sale, Purchase or other transaction, the related actions are expected by the Company to be taken no later than 36 months after the date of determination.

"<u>Consolidated Interest Expense</u>" means, for any period, (<u>i</u>) the total interest expense of the Company and its Restricted Subsidiaries to the extent deducted in calculating Consolidated Net Income, net of any interest income of the Company and its Restricted Subsidiaries, including any such interest expense consisting of (<u>A</u>) interest expense attributable to Financing Lease Obligations (excluding, for the avoidance of doubt, any lease, rental or other expense in connection with a lease that is not a Financing Lease Obligation), (<u>B</u>) amortization of debt discount, (<u>C</u>) interest in respect of Indebtedness of any other Person that has been Guaranteed by the Company or any Restricted Subsidiary, but only to the extent that such interest is actually paid by the Company or any Restricted Subsidiary, (<u>D</u>) non-cash interest expense, (<u>E</u>) the interest portion of any deferred payment obligation and (<u>F</u>) commissions, discounts and other fees and charges owed with respect to letters of credit and bankers' acceptance financing, <u>plus</u> (<u>ii</u>) Preferred Stock dividends paid in cash in respect of Disqualified Stock of the Company held by Persons other than the Company or a Restricted Subsidiary or in respect of Designated Preferred Stock of the Company pursuant to <u>Section</u> <u>409(b)(xi)(A)</u>, <u>minus</u> (<u>iii</u>) to the extent otherwise included in such interest expense referred to in clause (i) above, Special Purpose Financing Expense, accretion or accrual of discounted liabilities not constituting Indebtedness, expense resulting from discounting of Indebtedness in conjunction with recapitalization or purchase accounting, any "additional interest" in respect of registration rights arrangements for any securities, amortization or write-off of financing costs, and any expensing of bridge, commitment or other financing fees, in each case under clauses (i) through (iii) above as determined on a Consolidated basis in accordance with GAAP; <u>provided</u> that gross interest expense shall be determined after giving effect to any net payments made or received by the Company and its Restricted Subsidiaries with respect to Interest Rate Agreements.

"<u>Consolidated Net Income</u>" means, for any period, the net income (loss) of the Company and its Restricted Subsidiaries, determined on a Consolidated basis in accordance with GAAP and before any reduction in respect of Preferred Stock dividends; <u>provided</u> that, without duplication, there shall not be included in such Consolidated Net Income:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) any net income (loss) of any Person if such Person is not the Company or a Restricted Subsidiary, except that (<u>A</u>) the Company's or any Restricted Subsidiary's net income for such period shall be increased by the aggregate amount actually dividended or distributed or that (as determined in good faith by the Company, which determination shall be conclusive) could have been dividended or distributed by such Person during such period to the Company or a Restricted Subsidiary as a dividend or other distribution (subject, in the case of a dividend or other distribution to a Restricted Subsidiary, to the limitations contained in clause (ii) below), to the extent not already included therein, and (<u>B</u>) the Company's or any Restricted Subsidiary's equity in the net loss of such Person shall be included to the extent of the aggregate Investment of the Company or any of its Restricted Subsidiaries in such Person,

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) solely for purposes of determining the amount available for Restricted Payments under <u>Section</u> <u>409(a)(3)(A)</u>, any net income (loss) of any Restricted Subsidiary that is not a Guarantor if such Restricted Subsidiary is subject to restrictions, directly or indirectly, on the payment of dividends or the making of similar distributions by such Restricted Subsidiary, directly or indirectly, to the Company by operation of the terms of such Restricted Subsidiary's charter or any agreement, instrument, judgment, decree, order, statute or governmental rule or regulation applicable to such Restricted Subsidiary or its stockholders (other than (<u>x</u>) restrictions that have been waived or otherwise released, (<u>y</u>) restrictions pursuant to any of the Notes, this Indenture, the Note Security Documents, the Intercreditor Agreements or the Senior Credit Facility and (<u>z</u>) restrictions in effect on the Issue Date or, with respect to the Kito Crosby Entities, the Kito Crosby Acquisition Closing Date with respect to a Restricted Subsidiary and other restrictions with respect to such Restricted Subsidiary that taken as a whole are not materially less favorable to the Noteholders than such restrictions in effect on the Issue Date or, with respect to the Kito Crosby Entities, the Kito Crosby Acquisition Closing Date as determined by the Company in good faith, which determination shall be conclusive), except that (<u>A</u>) the Company's equity in the net income of any such Restricted Subsidiary for such period shall be included in such Consolidated Net Income up to the aggregate amount of any dividend or distribution that was or that (as determined by the Company in good faith, which determination shall be conclusive) could have been made by such Restricted Subsidiary during such period to the Company or another Restricted Subsidiary (subject, in the case of a dividend that could have been made to another Restricted Subsidiary, to the limitation contained in this clause (ii)) and (<u>B</u>) the net loss of such Restricted Subsidiary shall be included to the extent of the aggregate Investment of the Company or any of its other Restricted Subsidiaries in such Restricted Subsidiary,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) (<u>x</u>) any gain or loss realized upon the sale, abandonment or other disposition of any asset of the Company or any Restricted Subsidiary (including pursuant to any sale/leaseback transaction) that is not sold, abandoned or otherwise disposed of in the ordinary course of business (as determined in good faith by the Company, which determination shall be conclusive) and (<u>y</u>) any gain or loss realized upon the disposal, abandonment or discontinuation of operations of the Company or any Restricted Subsidiary,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) the cumulative effect of a change in accounting principles and changes as a result of the adoption or modification of accounting policies,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) all deferred financing costs written off and premiums paid in connection with any early extinguishment of Indebtedness or Hedging Obligations or other derivative instruments,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) any unrealized gains or losses in respect of Hedge Agreements,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) any unrealized foreign currency translation or transaction gains or losses, including in respect of Indebtedness of any Person denominated in a currency other than the functional currency of such Person,

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii) any non-cash compensation charge arising from any grant of limited liability company interests, stock, stock options or other equity-based awards,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ix) to the extent otherwise included in Consolidated Net Income, any unrealized foreign currency translation or transaction gains or losses, including in respect of Indebtedness or other obligations of the Company or any Restricted Subsidiary owing to the Company or any Restricted Subsidiary,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(x) any non-cash charge, expense or other impact attributable to application of the purchase or recapitalization method of accounting (including the total amount of depreciation and amortization, cost of sales or other non-cash expense resulting from the write-up of assets to the extent resulting from such purchase or recapitalization accounting adjustments), non-cash charges for deferred tax valuation allowances or from remeasuring deferred tax assets and non-cash gains, losses, income and expenses resulting from fair value accounting required by the applicable standard under GAAP,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xi) expenses related to the conversion of various employee benefit and equity programs in connection with the Transactions, and non-cash compensation related expenses,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xii) any impairment charge or asset write-off, including any charge or write-off related to intangible assets, long-lived assets or investments in debt and equity securities, and any amortization of intangibles,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xiii) to the extent covered by insurance and actually reimbursed (or the Company has determined that there exists reasonable evidence that such amount will be reimbursed by the insurer and such amount is not denied by the applicable insurer in writing within 180 days and is reimbursed within 365 days of the date of such evidence (with a deduction in any future calculation of Consolidated Net Income for any amount so added back to the extent not so reimbursed within such 365 day period)), any expenses with respect to liability or casualty events or business interruption,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xiv) (<u>w</u>) any fees, expenses, charges and costs (or any amortization thereof) associated with the Transactions or any acquisition, merger or consolidation, Investment, Asset Disposition, issuance of Capital Stock or other equity offering, dividend, distribution or other Restricted Payment, Incurrence, Discharge or refinancing of Indebtedness, or amendment or modification of any agreement or instrument relating to any Indebtedness (in each case, whether or not completed, after the Issue Date or any accounting change, and including any such transaction consummated prior to the Issue Date), (<u>x</u>) any severance, relocation, consolidation, closing, integration, facilities opening, business optimization, transition or restructuring costs, charges or expenses, whether or not classified as restructuring charges or expenses under GAAP (including restructuring costs related to acquisitions and closure or consolidation of branches, facilities or locations, and any expense related to any reconstruction, recommissioning or reconfiguration of fixed assets for alternate use), (<u>y</u>) any signing, retention or completion bonuses and (<u>z</u>) any costs associated with curtailments or modifications to pension and post-retirement employee benefit plans,

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xv) any expenses, charges and losses in the form of earn-out obligations and contingent consideration obligations (including to the extent accounted for as performance and retention bonuses, compensation or otherwise) and adjustments thereof and purchase price adjustments, in each case paid in connection with any acquisition, merger or consolidation or Investment, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xvi) any losses, charges or expenses related to the withdrawal from a multi-employer pension plan,

<u>provided</u>, <u>further</u>, that the exclusion of any item pursuant to the foregoing clauses (i) through (xvi) shall also exclude the tax impact of any such item, if applicable.

Notwithstanding the foregoing, for the purpose of <u>Section 409(a)(3)(A)</u> only, there shall be excluded from Consolidated Net Income, without duplication, any income consisting of dividends, repayments of loans or advances or other transfers of assets from Unrestricted Subsidiaries to the Company or a Restricted Subsidiary, and any income consisting of return of capital, repayment or other proceeds from dispositions or repayments of Investments consisting of Restricted Payments, in each case to the extent such income would be included in Consolidated Net Income and such related dividends, repayments, transfers, return of capital or other proceeds are applied by the Company to increase the amount of Restricted Payments permitted under <u>Section</u> <u>409(a)(3)(C)</u> or <u>Section</u> <u>409(a)(3)(D)</u>.

In addition, Consolidated Net Income for any period ending on or prior to the Kito Crosby Acquisition Closing Date shall be determined based upon the net income (loss) reflected in the consolidated financial statements of the Company for such period and the consolidated financial statements of Kito Crosby for such period, with pro forma effect being given to the Transactions; and each Person that is a Restricted Subsidiary upon giving effect to the Transactions shall be deemed to be a Restricted Subsidiary and the Transactions shall not constitute a sale or disposition under clause (iii) above, for purposes of such determination.

"<u>Consolidated Secured Indebtedness</u>" means, as of any date of determination, (<u>i</u>) an amount equal to the Consolidated Total Indebtedness (without regard to clause (<u>ii</u>) of the definition thereof) as of such date that, in each case, is then secured by Liens on Collateral (other than property or assets held in a defeasance or similar trust or arrangement for the benefit of the Indebtedness secured thereby), <u>minus</u> (<u>ii</u>) the sum of (<u>A</u>) the amount of such Indebtedness consisting of Indebtedness of a type referred to in, or Incurred pursuant to, <u>Section</u> <u>407(b)(ix)</u> and (<u>B</u>) cash, Cash Equivalents and Temporary Cash Investments held by the Company and its Restricted Subsidiaries (<u>x</u>) as of the end of the most recent fiscal month of the Company ending prior to the date of such determination for which consolidated financial statements of the Company are available, (<u>y</u>) from the proceeds of any capital contribution to the Company or from the issuance or sale of its Capital Stock, from the proceeds of any Asset Disposition or from any Incurrence of Indebtedness since the date of such financial statement and on or prior to the date of determination (that, in the case of Indebtedness, are in the good faith judgment of the Company (which shall be conclusive) intended to be used for working capital purposes) and (<u>z</u>) that cash collateralize letters of credit issued on behalf of the Company or any of its Restricted Subsidiaries, including the proceeds of any Indebtedness being borrowed at the time of determination.

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"<u>Consolidated Secured Leverage Ratio</u>" means, as of any date of determination, the ratio of (<u>i</u>) an amount equal to (<u>x</u>) Consolidated Secured Indebtedness as at such date (which shall include letter of credit and bankers' acceptance obligations, other than those relating to commercial letters of credit) (after giving effect to any Incurrence or Discharge of Indebtedness on such date) minus (<u>y</u>) Indebtedness in respect of Guarantees by the Company permitted pursuant to <u>Section</u> <u>407(b)(vi)</u> to (<u>ii</u>) the aggregate amount of Consolidated EBITDA for the period of the most recent four consecutive fiscal quarters of the Company ending prior to the date of such determination for which consolidated financial statements of the Company are available (determined, for any fiscal quarter (or portion thereof) ending prior to the Kito Crosby Acquisition Closing Date, on a pro forma basis to give effect to the Transactions as if they had occurred at the beginning of such four-quarter period); provided that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) if, since the beginning of such period, the Company or any Restricted Subsidiary shall have made a Sale (including any Sale occurring in connection with a transaction causing a calculation to be made hereunder), the Consolidated EBITDA for such period shall be reduced by an amount equal to the Consolidated EBITDA (if positive) attributable to the assets that are the subject of such Sale for such period or increased by an amount equal to the Consolidated EBITDA (if negative) attributable thereto for such period;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) if, since the beginning of such period, the Company or any Restricted Subsidiary (by merger, consolidation or otherwise) shall have made a Purchase (including any Purchase occurring in connection with a transaction causing a calculation to be made hereunder), Consolidated EBITDA for such period shall be calculated after giving pro forma effect thereto as if such Purchase occurred on the first day of such period; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) if, since the beginning of such period, any Person became a Restricted Subsidiary or was merged or consolidated with or into the Company or any Restricted Subsidiary, and since the beginning of such period such Person shall have made any Sale or Purchase that would have required an adjustment pursuant to clause (1) or (2) above if made by the Company or a Restricted Subsidiary since the beginning of such period, Consolidated EBITDA for such period shall be calculated after giving pro forma effect thereto as if such Sale or Purchase occurred on the first day of such period.

It is understood that the aggregate principal amount of Consolidated Total Indebtedness under the Senior Credit Facility (other than standby letters of credit) as of the applicable date of determination shall be included in clause (i) above.

For purposes of this definition, whenever pro forma effect is to be given to any Sale, Purchase or other transaction, or the amount of income or earnings relating thereto, the pro forma calculations in respect thereof (including, without limitation, in respect of anticipated cost savings or synergies relating to any such Sale, Purchase or other transaction) shall be as determined in good faith by the Chief Financial Officer or another authorized Officer of the Company, which determination shall be conclusive; provided that with respect to cost savings or synergies relating to any Sale, Purchase or other transaction, the related actions are expected by the Company to be taken no later than 36 months after the date of determination.

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"<u>Consolidated Total Assets</u>" means, as of any date of determination, the total assets, in each case that is or would be reflected on the consolidated balance sheet of the Company as at the end of the most recently ended fiscal quarter of the Company for which a balance sheet of the Company is available, determined on a Consolidated basis in accordance with GAAP (and, in the case of any determination relating to any Incurrence of Indebtedness or Liens or any Investment, on a pro forma basis including any property or assets being acquired in connection therewith).

"<u>Consolidated Total Indebtedness</u>" means, as of any date of determination, an amount equal to the aggregate principal amount of outstanding Indebtedness of the Company and its Restricted Subsidiaries, as of such date consisting of (without duplication) Indebtedness for borrowed money (including (<u>x</u>) Purchase Money Obligations and (<u>y</u>) unreimbursed outstanding drawn amounts under funded letters of credit; *provided* that such amounts shall not be counted as Consolidated Total Indebtedness until five Business Days after such amounts were drawn); Financing Lease Obligations; debt obligations evidenced by bonds, debentures, notes or similar instruments (but excluding surety bonds, performance bonds or other similar instruments); Disqualified Stock; and (in the case of any Restricted Subsidiary that is not a Guarantor) Preferred Stock, determined on a Consolidated basis in accordance with GAAP (in each case, excluding (<u>x</u>) items eliminated in Consolidation and (<u>y</u>) Hedging Obligations) <u>minus</u> (<u>ii</u>) the sum of (<u>A</u>) the amount of such Indebtedness consisting of Indebtedness of a type referred to in, or Incurred pursuant to, <u>Section</u> <u>407(b)(ix)</u> and (<u>B</u>) cash, Cash Equivalents and Temporary Cash Investments held by the Company and its Restricted Subsidiaries (<u>x</u>) as of the end of the most recent fiscal month of the Company ending prior to the date of such determination for which consolidated financial statements of the Company are available, (<u>y</u>) from the proceeds of any capital contribution to the Company or from the issuance or sale of its Capital Stock, from the proceeds of any Asset Disposition or from any Incurrence of Indebtedness since the date of such financial statement and on or prior to the date of determination (that, in the case of Indebtedness, are in the good faith judgment of the Company (which shall be conclusive) intended to be used for working capital purposes) and (<u>z</u>) that cash collateralize letters of credit issued on behalf of the Company or any of its Restricted Subsidiaries, including the proceeds of any Indebtedness being borrowed at the time of determination. For purposes hereof, any earn-out or similar obligations shall not constitute Consolidated Total Indebtedness until such obligation becomes a liability on the consolidated balance sheet of the Company in accordance with GAAP and is not paid within 30 days after becoming due and payable.

"<u>Consolidated Total Leverage Ratio</u>" means, as of any date of determination, the ratio of (<u>i</u>) an amount equal to (<u>x</u>) Consolidated Total Indebtedness as at such date (after giving effect to any Incurrence or Discharge of Indebtedness on such date) <u>minus</u> (<u>y</u>) Indebtedness in respect of Guarantees by the Company permitted under <u>Section</u> <u>407(b)(vi)</u> to (<u>ii</u>) the aggregate amount of Consolidated EBITDA for the period of the most recent four consecutive fiscal quarters of the Company ending prior to the date of such determination for which consolidated financial statements of the Company are available (determined, for any fiscal quarter (or portion thereof) ending prior to the Kito Crosby Acquisition Closing Date, on a pro forma basis to give effect to the Transactions as if they had occurred at the beginning of such four-quarter period); provided that:

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) if, since the beginning of such period, the Company or any Restricted Subsidiary shall have made a Sale (including any Sale occurring in connection with a transaction causing a calculation to be made hereunder), the Consolidated EBITDA for such period shall be reduced by an amount equal to the Consolidated EBITDA (if positive) attributable to the assets that are the subject of such Sale for such period or increased by an amount equal to the Consolidated EBITDA (if negative) attributable thereto for such period;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) if, since the beginning of such period, the Company or any Restricted Subsidiary (by merger, consolidation or otherwise) shall have made a Purchase (including any Purchase occurring in connection with a transaction causing a calculation to be made hereunder), Consolidated EBITDA for such period shall be calculated after giving pro forma effect thereto as if such Purchase occurred on the first day of such period; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) if, since the beginning of such period, any Person became a Restricted Subsidiary or was merged or consolidated with or into the Company or any Restricted Subsidiary, and since the beginning of such period such Person shall have made any Sale or Purchase that would have required an adjustment pursuant to clause (1) or (2) above if made by the Company or a Restricted Subsidiary since the beginning of such period, Consolidated EBITDA for such period shall be calculated after giving pro forma effect thereto as if such Sale or Purchase occurred on the first day of such period;

<u>provided</u> that, for purposes of the foregoing calculation, in the event that the Company shall classify Indebtedness Incurred on the date of determination as Incurred in part pursuant to <u>Section</u> <u>407(b)(x)</u> (other than by reason of subclauses (2) or (3) of the proviso to <u>Section</u> <u>407(b)(x)</u>) and in part pursuant to one or more other clauses or subclauses of <u>Section</u> <u>407(b)</u> and/or (unless the Company at its option has elected to disregard Indebtedness being Incurred on the date of determination in part pursuant to subclauses (2) or (3) of the proviso to <u>Section</u> <u>407(b)(x)</u> for purposes of calculating the Consolidated Coverage Ratio for Incurring Indebtedness on the date of determination in part under <u>Section</u> <u>407(a)</u>) pursuant to <u>Section</u> <u>407(a)</u> (as provided in <u>Section</u> <u>407(c)(ii)</u> and <u>(iii)</u>), Consolidated Total Indebtedness shall not include any such Indebtedness Incurred pursuant to one or more such other clauses of <u>Section</u> <u>407(b)</u> and/or pursuant to <u>Section</u> <u>407(a)</u>, and shall not give effect to any Discharge of any Indebtedness from the proceeds of any such Indebtedness being disregarded for purposes of the calculation of the Consolidated Total Leverage Ratio on such date of determination that otherwise would be included in Consolidated Total Indebtedness.

For purposes of this definition, whenever pro forma effect is to be given to any Sale, Purchase or other transaction, or the amount of income or earnings relating thereto, the pro forma calculations in respect thereof (including, without limitation, in respect of anticipated cost savings or synergies relating to any such Sale, Purchase or other transaction) shall be as determined in good faith by the Chief Financial Officer or another authorized Officer of the Company, which determination shall be conclusive; <u>provided</u> that with respect to cost savings or synergies relating to any Sale, Purchase or other transaction, the related actions are expected by the Company to be taken no later than 36 months after the date of determination.

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"<u>Consolidation</u>" means the consolidation of the accounts of each of the Restricted Subsidiaries with those of the Company in accordance with GAAP; <u>provided</u> that "Consolidation" will not include consolidation of the accounts of any Unrestricted Subsidiary, but the interest of the Company or any Restricted Subsidiary in any Unrestricted Subsidiary will be accounted for as an investment. The term "<u>Consolidated</u>" has a correlative meaning. For purposes of this Indenture for periods ending on or prior to the Kito Crosby Acquisition Closing Date, references to the consolidated financial statements of the Company shall be to the consolidated financial statements of the Company for such period and the consolidated financial statements of Kito Crosby for such period, with pro forma effect being given to the Transactions (with the Kito Crosby Entities that are Subsidiaries of the Company after giving effect to the Transactions being deemed Subsidiaries of the Company), as the context may require.

"<u>Contingent Obligation</u>" means, with respect to any Person, any obligation of such Person guaranteeing any obligation that does not constitute Indebtedness (a "<u>primary obligation</u>") of any other Person (the "<u>primary obligor</u>") in any manner, whether directly or indirectly, including any obligation of such Person, whether or not contingent, (<u>1</u>) to purchase any such primary obligation or any property constituting direct or indirect security therefor, (<u>2</u>) to advance or supply funds (<u>a</u>) for the purchase or payment of any such primary obligation or (<u>b</u>) to maintain working capital or equity capital of the primary obligor or otherwise to maintain the net worth or solvency of the primary obligor or (<u>3</u>) to purchase property, securities or services primarily for the purpose of assuring the owner of any such primary obligation of the ability of the primary obligor to make payment of such primary obligation against loss in respect thereof.

"<u>Contribution Amounts</u>" means the aggregate amount of capital contributions applied by the Company to permit the Incurrence of Contribution Indebtedness pursuant to <u>Section</u> <u>407(b)(xi)</u>.

"<u>Contribution Indebtedness</u>" means Indebtedness of the Company or any Restricted Subsidiary in an aggregate principal amount not greater than the aggregate amount of cash contributions (other than Excluded Contributions, the proceeds from the issuance of Disqualified Stock or contributions by the Company or any Restricted Subsidiary) made to the capital of the Company or such Restricted Subsidiary after the Issue Date (whether through the issuance or sale of Capital Stock or otherwise); <u>provided</u> that such Contribution Indebtedness (<u>a</u>) is Incurred within 180 days after the receipt of the related cash contribution and (<u>b</u>) is so designated as Contribution Indebtedness pursuant to an Officer's Certificate promptly following the date of Incurrence thereof.

"<u>Control</u>" means the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of a Person, whether through the ability to exercise voting power, by contract or otherwise. "<u>Controlling</u>" and "<u>Controlled</u>" have meanings correlative thereto.

"<u>Corporate Trust Office</u>" means the office of the Trustee at which at any particular time its corporate trust business related to this Indenture shall be administered, which office on the Issue Date is located at Global Capital Markets, 99 Wood Avenue South, Suite 1000, Iselin, NJ 08830, Attention: Columbus McKinnon Corporation Administrator.

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"<u>Covered Indebtedness</u>" is as defined in clause (2) of the first sentence of the definition of "Net Short Holder."

"<u>Currency Agreement</u>" means, in respect of a Person, any foreign exchange contract, currency swap agreement or other similar agreement or arrangements (including derivative agreements or arrangements), as to which such Person is a party or a beneficiary.

"<u>Debt Facilities</u>" means one or more of (<u>i</u>) the Senior Credit Facility and (<u>ii</u>) any other facilities or arrangements designated by the Company, in each case with one or more banks or other lenders or institutions providing for revolving credit loans, term loans, receivables, inventory or real estate financings (including without limitation through the sale of receivables, inventory, real estate and/or other assets to such institutions or to special purpose entities formed to borrow from such institutions against such receivables, inventory, real estate and/or other assets or the creation of any Liens in respect of such receivables, inventory, real estate and/or other assets in favor of such institutions), letters of credit or other Indebtedness, in each case, including all agreements, instruments and documents executed and delivered pursuant to or in connection with any of the foregoing, including but not limited to any notes and letters of credit issued pursuant thereto and any guarantee and collateral agreement, patent, trademark and copyright security agreements, mortgages or letter of credit applications and other guarantees, pledge agreements, security agreements and collateral documents, in each case as the same may be amended, supplemented, waived or otherwise modified from time to time, or refunded, refinanced, restructured, replaced, renewed, repaid, increased, decreased or extended from time to time (whether in whole or in part, whether with the original banks, lenders or institutions or other banks, lenders or institutions or otherwise, and whether provided under any original Debt Facility or one or more other credit agreements, indentures, financing agreements or other Debt Facilities or otherwise). Without limiting the generality of the foregoing, the term "<u>Debt Facility</u>" shall include any agreement (<u>i</u>) changing the maturity of any Indebtedness Incurred thereunder or contemplated thereby, (<u>ii</u>) adding Subsidiaries as additional borrowers or guarantors thereunder, (<u>iii</u>) increasing or decreasing the amount of Indebtedness Incurred thereunder or available to be borrowed thereunder or (<u>iv</u>) otherwise altering the terms and conditions thereof.

"<u>Debt Facility Indebtedness</u>" means any and all amounts, whether outstanding on the Issue Date or thereafter Incurred, payable under or in respect of any Debt Facility, including without limitation principal, premium (if any), interest (including interest, fees and expenses accruing on or after the filing of any petition in bankruptcy or for reorganization relating to the Company or any Restricted Subsidiary whether or not a claim for post-filing interest, fees or expenses is allowed in such proceedings), fees, charges, expenses, reimbursement obligations, guarantees, other monetary obligations of any nature and all other amounts payable thereunder or in respect thereof.

"<u>Default</u>" means any event or condition that is, or after notice or passage of time or both would be, an Event of Default.

"<u>Depositary</u>" means The Depository Trust Company, its nominees and successors.

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"<u>Designated Affiliate</u>" is as defined in clause (vi) of the second sentence of the definition of "Net Short Holder."

"<u>Designated Noncash Consideration</u>" means non-cash consideration received by the Company or one of its Restricted Subsidiaries in connection with an Asset Disposition that is so designated as Designated Noncash Consideration pursuant to an Officer's Certificate, setting forth the basis of such valuation.

"<u>Designated Preferred Stock</u>" means Preferred Stock of the Company (other than Disqualified Stock) that is issued after the Issue Date for cash (other than to a Restricted Subsidiary) and is so designated as Designated Preferred Stock, pursuant to an Officer's Certificate; <u>provided</u> that the cash proceeds of such issuance shall be excluded from the calculation set forth in <u>Section</u> <u>409(a)(3)(B)</u>.

"<u>Designated Senior Indebtedness</u>" means with respect to a Person (<u>i</u>) the Debt Facility Indebtedness under or in respect of the Senior Credit Facility and (<u>ii</u>) any other Senior Indebtedness of such Person that, at the date of determination, has an aggregate principal amount equal to or under which, at the date of determination, the holders thereof are committed to lend up to, at least $25.0 million and is specifically designated by such Person in an agreement or instrument evidencing or governing such Senior Indebtedness as "Designated Senior Indebtedness" for purposes of this Indenture.

"<u>Discharge</u>" means to repay, repurchase, redeem, defease or otherwise acquire, retire or discharge; and the term "Discharged" shall have a correlative meaning.

"<u>Disinterested Directors</u>" means, with respect to any Affiliate Transaction, one or more members of the Board of Directors of the Company having no material direct or indirect financial interest in or with respect to such Affiliate Transaction. A member of any such Board of Directors shall not be deemed to have such a financial interest by reason of such member's holding Capital Stock of the Company or any options, warrants or other rights in respect of such Capital Stock or by reason of such member receiving any compensation from the Company on whose Board of Directors such member serves in respect of such member's role as director.

"<u>Disqualified Stock</u>" means, with respect to any Person, any Capital Stock (other than Management Stock) that by its terms (or by the terms of any security into which it is convertible or for which it is exchangeable or exercisable) or upon the happening of any event (other than following the occurrence of a Change of Control or other similar event described under such terms as a "change of control" or an Asset Disposition or other disposition) (<u>i</u>) matures or is mandatorily redeemable pursuant to a sinking fund obligation or otherwise, (<u>ii</u>) is convertible or exchangeable for Indebtedness or Disqualified Stock or (<u>iii</u>) is redeemable at the option of the holder thereof (other than following the occurrence of a Change of Control or other similar event described under such terms as a "change of control," or an Asset Disposition or other disposition), in whole or in part, in each case on or prior to the final Stated Maturity of the Notes; <u>provided</u> that Capital Stock issued to any employee benefit plan, or by any such plan to any employees of the Company or any Subsidiary, shall not constitute Disqualified Stock solely because it may be required to be repurchased or otherwise acquired or retired in order to satisfy applicable statutory or regulatory obligations.

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"<u>Dollar</u>" and "$" shall mean dollars in lawful currency of the United States of America.

"<u>Domestic Borrowing Base</u>": the sum of (1) 90.0% of the book value of Inventory of the Company and its Domestic Subsidiaries, (2) 90.0% of the book value of Receivables of the Company and its Domestic Subsidiaries, and (3) cash, Cash Equivalents and Temporary Cash Investments of the Company and its Domestic Subsidiaries (in each case, determined as of the end of the most recently ended fiscal month of the Company for which internal consolidated financial statements of the Company are available, and, in the case of any determination relating to any Incurrence of Indebtedness, on a pro forma basis including (x) any property or assets of a type described above acquired since the end of such fiscal month and (y) any property or assets of a type described above being acquired in connection therewith); provided that the Domestic Borrowing Base shall not exceed, at any time, an amount equal to the greater of (A) $538.0 million and (B) 125.0% of Four Quarter Consolidated EBITDA *less* any amounts incurred in reliance on the Foreign Borrowing Base.

"<u>Domestic Subsidiary</u>" means any Restricted Subsidiary that is organized under the laws of any political subdivision of the United States.

"<u>Equity Offering</u>" means a sale of Capital Stock (x) that is a sale of Capital Stock of the Company (other than Disqualified Stock or sales to Restricted Subsidiaries of the Company) or (y) proceeds of which in an amount equal to or exceeding the Redemption Amount are contributed to the equity capital of the Company or any of its Restricted Subsidiaries (other than proceeds from a sale to Restricted Subsidiaries of Capital Stock of the Company).

"<u>Escrow Subsidiary</u>" means a wholly-owned Subsidiary formed or established for the purpose of Incurring Indebtedness the proceeds of which will be subject to an escrow or other similar arrangement; <u>provided</u> that upon the termination of all such escrow or similar arrangement of such Subsidiary, such Subsidiary shall cease to constitute an "Escrow Subsidiary" under this Indenture and shall merge with and into the Company in accordance with <u>Section</u> <u>501</u>. Prior to its merger with and into the Company, each Escrow Subsidiary shall not own, hold or otherwise have any interest in any material assets other than the proceeds of the applicable Indebtedness Incurred by such Escrow Subsidiary and any cash, Cash Equivalents or Temporary Cash Investments Invested in such Escrow Subsidiary to cover interest and premium in respect of such Indebtedness.

"<u>Ethically Screened Affiliate</u>" means any Affiliate of a Person that (<u>i</u>) is managed as to day-to-day matters (but excluding, for the avoidance of doubt, as to strategic direction and similar matters) independently from such Person and any other Affiliate of such Person that is not an Ethically Screened Affiliate, (<u>ii</u>) has in place customary information screens between it and such Person and any other Affiliate of such Person that is not an Ethically Screened Affiliate and (<u>iii</u>) such Person or any other Affiliate of such Person that is not an Ethically Screened Affiliate does not direct or cause the direction of the investment policies of such entity, nor does such Person's or any such other Affiliate's investment decisions influence the investment decisions of such entity.

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"<u>Euroclear</u>" means Euroclear Bank S.A./N.V., as operator of the Euroclear System, or any successor securities clearing agency.

"<u>Exchange Act</u>" means the Securities Exchange Act of 1934, as amended from time to time.

"<u>Excluded Affiliate</u>" is as defined in clause (vi) of the second sentence of the definition of "Net Short Holder."

"<u>Excluded Assets</u>" has the meaning assigned to such term in the Collateral Agreement.

"<u>Excluded Contribution</u>" means Net Cash Proceeds, or the Fair Market Value (as of the date of contribution, issuance or sale) of property or assets, received by the Company as capital contributions to the Company after the Issue Date or from the issuance or sale (other than to a Restricted Subsidiary) of Capital Stock (other than Disqualified Stock or Designated Preferred Stock) of the Company, in each case to the extent designated as an Excluded Contribution pursuant to an Officer's Certificate of the Company and not previously included in the calculation set forth in <u>Section</u> <u>409(a)(3)(B)(x)</u> for purposes of determining whether a Restricted Payment may be made.

"<u>Excluded Subsidiary</u>" means any Subsidiary of the Company that is (i) not a Domestic Subsidiary, (ii) not a Grantor (as defined in the guarantee and collateral agreement for the Senior Credit Facility) or (iii) designated as an "Excluded Subsidiary" under the Senior Credit Agreement.

"<u>Exempt Sale and Leaseback Transaction</u>" means any Sale and Leaseback Transaction (<u>a</u>) in which the sale or transfer of property occurs within 180 days of the acquisition of such property by the Company or any of its Subsidiaries or (<u>b</u>) that involves property with a book value equal to the greater of (<u>1</u>) $129.0 million and (<u>2</u>) 30.0% of Four Quarter Consolidated EBITDA (as of the date on which a legally binding commitment for such Sale and Leaseback Transaction was entered into) or less and is not part of a series of related Sale and Leaseback Transactions involving property with an aggregate value in excess of such amount and entered into with a single Person or group of Persons. For purposes of the foregoing, "Sale and Leaseback Transaction" means any arrangement with any Person providing for the leasing by the Company or any of its Subsidiaries of real or personal property that has been or is to be sold or transferred by the Company or any such Subsidiary to such Person or to any other Person to whom funds have been or are to be advanced by such Person on the security of such property or rental obligations of the Company or such Subsidiary.

"<u>Existing Senior Credit Facility</u>" means the Senior Credit Facility provided in connection with the Senior Credit Agreement described in clause (i) of the definition of "Senior Credit Agreement."

"<u>Fair Market Value</u>" means, with respect to any asset or property, the fair market value of such asset or property as determined in good faith by senior management of the Company or the Board of Directors, whose determination shall be conclusive.

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"<u>Financing Disposition</u>" means any sale, transfer, conveyance or other disposition of, or creation or incurrence of any Lien on, property or assets (<u>a</u>) by the Company or any Subsidiary thereof to or in favor of any Special Purpose Entity, or by any Special Purpose Subsidiary, in each case in connection with the Incurrence by a Special Purpose Entity of Indebtedness, or obligations to make payments to the obligor on Indebtedness, which may be secured by a Lien in respect of such property or assets or (<u>b</u>) by the Company or any Subsidiary thereof to or in favor of any Special Purpose Entity that is not a Special Purpose Subsidiary.

"<u>Financing Lease</u>" means any lease of property, real or personal, the obligations of the lessee in respect of which are required to be classified and accounted for as a financing lease (and not, for the avoidance of doubt, as an operating lease) on the balance sheet of such lessee for financial reporting purposes in accordance with GAAP prior to the adoption of Accounting Standards Update No. 2016-02, Leases (Topic 842) by the Financial Accounting Standards Board (and all calculations and deliverables under this Indenture, the Note Security Documents or the Notes (other than those made under <u>Section</u> <u>405</u>) shall be made or delivered, as applicable, based on GAAP as in effect prior to such adoption). The Stated Maturity of any Financing Lease shall be the date of the last payment of rent or any other amount due under the related lease.

"<u>Financing Lease Obligation</u>" means an obligation under any Financing Lease.

"<u>Fixed GAAP Date</u>" means the Issue Date; <u>provided</u> that at any time after the Issue Date, the Company may by written notice to the Trustee elect to change the Fixed GAAP Date to be the date specified in such notice, and upon such notice, the Fixed GAAP Date shall be such date for all periods beginning on and after the date specified in such notice.

"<u>Fixed GAAP Terms</u>" means (a) the definitions of the terms "Consolidated Coverage Ratio", "Consolidated EBITDA", "Consolidated Interest Expense", "Consolidated Net Income", "Consolidated First Lien Indebtedness", "Consolidated First Lien Leverage Ratio", "Consolidated Secured Indebtedness", "Consolidated Secured Leverage Ratio", "Consolidated Total Assets", "Consolidated Total Indebtedness", "Consolidated Total Leverage Ratio", "Consolidation", "Domestic Borrowing Base", "Foreign Borrowing Base", "Four Quarter Consolidated EBITDA", "Inventory" and "Receivable", (b) all defined terms in this Indenture to the extent used in or relating to any of the foregoing definitions, and all ratios and computations based on any of the foregoing definitions and (c) any other term or provision of this Indenture, the Notes or the Note Security Documents that, at the Company's election, may be specified by the Company by written notice to the Trustee from time to time.

"<u>Foreign Borrowing Base</u>" means the sum of (1) 90% of the book value of Inventory of the Company's Foreign Subsidiaries, (2) 90% of the book value of Receivables of the Company's Foreign Subsidiaries and (3) cash, Cash Equivalents and Temporary Cash Investments of the Company's Foreign Subsidiaries (in each case, determined as of the end of the most recently ended fiscal month of the Company for which internal consolidated financial statements of the Company are available, and, in the case of any determination relating to any Incurrence of Indebtedness, on a pro forma basis including (x) any property or assets of a type described above acquired since the end of such fiscal month and (y) any property or assets of a type described above being acquired in connection therewith); <u>provided</u> that the Foreign Borrowing Base shall not exceed, at any time, an amount equal to the lesser of (x) the greater of (A) $538.0 million and (B) 125.0% of Four Quarter Consolidated EBITDA *less* any amounts incurred in reliance on the Domestic Borrowing Base and (y) 50% of Four Quarter Consolidated EBITDA.

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"<u>Foreign Subsidiary</u>" means any Subsidiary of the Company (a) that is organized under the laws of any jurisdiction outside of the United States of America or (b) that is a Foreign Subsidiary Holdco. Any subsidiary of the Company which is organized and existing under the laws of Puerto Rico or any other territory of the United States of America shall be a Foreign Subsidiary.

"<u>Foreign Subsidiary Holdco</u>" shall mean any Restricted Subsidiary of the Company, so long as such Restricted Subsidiary has no material assets other than shares, equity interests, Capital Stock or other securities or indebtedness of one or more Foreign Subsidiaries (or Subsidiaries thereof), intellectual property relating to such Foreign Subsidiaries (or Subsidiaries thereof), and/or other assets (including cash, Cash Equivalents and temporary cash investments) relating to an ownership interest in any such securities, indebtedness, intellectual property or Subsidiaries. Any Subsidiary which is a Foreign Subsidiary Holdco that fails to meet the foregoing requirements as of the last day of the period for which consolidated financial statements of the Company are available shall continue to be deemed a "Foreign Subsidiary Holdco" hereunder until the date that is 60 days following the date on which such annual or quarterly financial statements were required to be delivered pursuant to Section 405 with respect to such period.

"<u>Four Quarter Consolidated EBITDA</u>" means, as of any date of determination, the aggregate amount of Consolidated EBITDA for the period of the most recent four consecutive fiscal quarters of the Company ending prior to the date of such determination for which consolidated financial statements of the Company are available, provided that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) if, since the beginning of such period, the Company or any Restricted Subsidiary shall have made a Sale (including any Sale occurring in connection with a transaction causing a calculation to be made hereunder), the Consolidated EBITDA for such period shall be reduced by an amount equal to the Consolidated EBITDA (if positive) attributable to the company, business, group of assets or Subsidiary that are the subject of such Sale for such period or increased by an amount equal to the Consolidated EBITDA (if negative) attributable thereto for such period;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) if, since the beginning of such period, the Company or any Restricted Subsidiary (by merger, consolidation or otherwise) shall have made a Purchase (including any Purchase occurring in connection with a transaction causing a calculation to be made hereunder), Consolidated EBITDA for such period shall be calculated after giving pro forma effect thereto as if such Purchase occurred on the first day of such period; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) if, since the beginning of such period, any Person became a Restricted Subsidiary or was merged or consolidated with or into the Company or any Restricted Subsidiary, and since the beginning of such period such Person shall have made any Sale or Purchase that would have required an adjustment pursuant to clause (1) or (2) above if made by the Company or a Restricted Subsidiary since the beginning of such period, Consolidated EBITDA for such period shall be calculated after giving pro forma effect thereto as if such Sale or Purchase occurred on the first day of such period.

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For purposes of this definition, whenever pro forma effect is to be given to any Sale, Purchase or other transaction, or the amount of income or earnings relating thereto, the pro forma calculations in respect thereof (including in respect of anticipated cost savings or synergies relating to any such Sale, Purchase or other transaction) shall be as determined in good faith by the Chief Financial Officer or another authorized Officer of the Company, which determination shall be conclusive; provided that with respect to cost savings or synergies relating to any Sale, Purchase or other transaction, the related actions are expected by the Company to be taken no later than 36 months after the date of determination.

"<u>GAAP</u>" means generally accepted accounting principles in the United States of America as in effect on the Fixed GAAP Date (for purposes of the Fixed GAAP Terms) and as in effect from time to time (for all other purposes of this Indenture), including those set forth in the opinions and pronouncements of the Accounting Principles Board of the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board or in such other statements by such other entity as approved by a significant segment of the accounting profession, and subject to the following sentence. If at any time the SEC permits or requires U.S. domiciled companies subject to the reporting requirements of the Exchange Act to use IFRS in lieu of GAAP for financial reporting purposes, the Company may elect by written notice to the Senior Credit Facility Agent to so use IFRS in lieu of GAAP and, upon any such notice, references herein to GAAP shall thereafter be construed to mean (<u>a</u>) for periods beginning on and after the date specified in such notice, IFRS as in effect on the date specified in such notice (for purposes of the Fixed GAAP Terms) and as in effect from time to time (for all other purposes of this Indenture) and (<u>b</u>) for prior periods, GAAP as defined in the first sentence of this definition. All ratios and computations based on GAAP contained in this Indenture shall be computed in conformity with GAAP.

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

"<u>Granting Party</u>" means the Company and any Guarantor that becomes a party to the Collateral Agreement.

"<u>Guarantee</u>" means any obligation, contingent or otherwise, of any Person directly or indirectly guaranteeing any Indebtedness or other obligation of any other Person; <u>provided</u> that the term "Guarantee" shall not include endorsements for collection or deposit in the ordinary course of business. The terms "Guarantee" used as a verb, "Guaranteed" and "guarantor" have corresponding meanings.

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"<u>Guarantor</u>" means any Restricted Subsidiary of the Company that provides a Note Guarantee, in each case, unless and until such Subsidiary is released from such Note Guarantee in accordance with the terms of this Indenture.

"<u>Guarantor Subordinated Obligations</u>" means, with respect to a Guarantor, any Indebtedness of such Guarantor (whether outstanding on the Kito Crosby Acquisition Closing Date or thereafter Incurred) that is expressly subordinated in right of payment to the obligations of such Guarantor under its Note Guarantee pursuant to a written agreement.

"<u>Guarantor Supplemental Indenture</u>" means a Supplemental Indenture, to be entered into substantially in the form attached hereto as <u>Exhibit</u> <u>D</u>.

"<u>Hedge Agreements</u>" means, collectively, Interest Rate Agreements, Currency Agreements and Commodities Agreements.

"<u>Hedging Obligations</u>" of any Person means the obligations of such Person pursuant to any Interest Rate Agreement, Currency Agreement or Commodities Agreement.

"<u>Holder</u>" or "<u>Noteholder</u>" means the Person in whose name a Note is registered in the Note Register.

"<u>IFRS</u>" means International Financial Reporting Standards and applicable accounting requirements set by the International Accounting Standards Board or any successor thereto (or the Financial Accounting Standards Board, the Accounting Principles Board of the American Institute of Certified Public Accountants, or any successor to either such board, or the SEC, as the case may be), as in effect from time to time.

"<u>Incur</u>" means issue, assume, enter into any Guarantee of, incur or otherwise become liable for; and the terms "<u>Incurs</u>," "<u>Incurred</u>" and "<u>Incurrence</u>" shall have a correlative meaning; <u>provided</u> that any Indebtedness or Capital Stock of a Person existing at the time such Person becomes a Subsidiary (whether by merger, consolidation, acquisition or otherwise) shall be deemed to be Incurred by such Subsidiary at the time it becomes a Subsidiary. Accrual of interest, the accretion of accreted value, the payment of interest in the form of additional Indebtedness, and the payment of dividends on Capital Stock constituting Indebtedness in the form of additional shares of the same class of Capital Stock, will not be deemed to be an Incurrence of Indebtedness. Any Indebtedness issued at a discount (including Indebtedness on which interest is payable through the issuance of additional Indebtedness) shall be deemed Incurred at the time of original issuance of the Indebtedness at the initial accreted amount thereof.

"<u>Indebtedness</u>" means, with respect to any Person on any date of determination (without duplication):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the principal of indebtedness of such Person for borrowed money;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the principal of obligations of such Person evidenced by bonds, debentures, notes or other similar instruments;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) all reimbursement obligations of such Person in respect of letters of credit, bankers' acceptances or other similar instruments (the amount of such obligations being equal at any time to the aggregate then undrawn and unexpired amount of such letters of credit, bankers' acceptances or other instruments plus the aggregate amount of drawings thereunder that have not then been reimbursed) (except to the extent such reimbursement obligations relate to Trade Payables and such obligations have been satisfied within 90 days of becoming due and payable);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) the principal component of all obligations of such Person to pay the deferred and unpaid purchase price of property (except Trade Payables), which purchase price is due more than one year after the date of placing such property in final service or taking final delivery and title thereto;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) all Financing Lease Obligations of such Person;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) the redemption, repayment or other repurchase amount of such Person with respect to any Disqualified Stock of such Person or (if such Person is a Subsidiary of the Company other than a Guarantor) any Preferred Stock of such Subsidiary, but excluding, in each case, any accrued dividends (the amount of such obligation to be equal at any time to the maximum fixed involuntary redemption, repayment or repurchase price for such Capital Stock, or if less (or if such Capital Stock has no such fixed price), to the involuntary redemption, repayment or repurchase price therefor calculated in accordance with the terms thereof as if then redeemed, repaid or repurchased, and if such price is based upon or measured by the fair market value of such Capital Stock, such fair market value shall be as determined in good faith by senior management of the Company, the Board of Directors of the Company or the Board of Directors of the issuer of such Capital Stock, in each case which determination shall be conclusive);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) all Indebtedness of other Persons secured by a Lien on any asset of such Person, whether or not such Indebtedness is assumed by such Person; <u>provided</u> that the amount of Indebtedness of such Person shall be the lesser of (<u>A</u>) the fair market value of such asset at such date of determination (as determined in good faith by the Company, which determination shall be conclusive) and (<u>B</u>) the amount of such Indebtedness of such other Persons;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii) all Guarantees by such Person of Indebtedness of other Persons, to the extent so Guaranteed by such Person; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ix) to the extent not otherwise included in this definition, net Hedging Obligations of such Person (the amount of any such obligation to be equal at any time to the termination value of such agreement or arrangement giving rise to such Hedging Obligation that would be payable by such Person at such time);

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<u>provided</u> that, Indebtedness shall not include (p) any obligations whatsoever in respect of Vendor Financing Arrangements, (q) asset retirement obligations and obligations in respect of workers' compensation (including pensions and retiree medical care) that are not overdue by more than 60 days, (r) accrued expenses and royalties, (s) prepaid or deferred revenue arising in the ordinary course of business, (t) any obligations attributable to the exercise of dissenters' or appraisal rights and the settlement of any claims or actions (whether actual, contingent or potential) with respect thereto, (u) any liability for federal, state, local or other taxes owed or owing to any government or other taxing authority, (v) purchase price holdbacks in respect of a portion of the purchase price of an asset to satisfy warranty or other unperformed obligations of the respective seller, (w) obligations, to the extent such obligations constitute Indebtedness, under any agreement that has been defeased or satisfied and discharged pursuant to the terms of such agreement, (x) Contingent Obligations incurred in the ordinary course of business or consistent with past practice, (y) in connection with the purchase by the Company or any Restricted Subsidiary of any business, any post-closing payment adjustments to which the seller may become entitled to the extent such payment is determined by a final closing balance sheet or such payment depends on the performance of such business after the closing (so long as (i) at the time of closing, the amount of any such payment is not determinable and (ii) to the extent such payment thereafter becomes fixed and determined, the amount is paid in a timely manner) or (z) for the avoidance of doubt, any obligations or liabilities which would be required to be classified and accounted for as an operating lease for financial reporting purposes in accordance with GAAP prior to the adoption of Accounting Standards Update No. 2016-02, Leases (Topic 842) by the Financial Accounting Standards Board.

The amount of Indebtedness of any Person at any date shall be determined as set forth above or as otherwise provided for in this Indenture, or otherwise shall equal the amount thereof that would appear as a liability on a balance sheet of such Person (excluding any notes thereto) prepared in accordance with GAAP.

For all purposes hereunder, the Indebtedness of the Company and its Restricted Subsidiaries shall exclude all intercompany Indebtedness having a term not exceeding 365 days (inclusive of any roll-over or extensions or term) and made in the ordinary course of business or consistent with past practice.

"<u>Initial Notes</u>" means the Company's 7.125% Senior Secured Notes due 2033 issued on the Issue Date in an aggregate principal amount of $900.0 million (and any Notes issued in respect thereof pursuant to Section 304, 305, 306, 312(c), 312(d) or 1006).

"<u>Intercreditor Agreements</u>" means, collectively, the Base Intercreditor Agreement and any other intercreditor agreement entered into from time to time in accordance with this Indenture.

"<u>interest</u>," with respect to the Notes, means interest on the Notes and, except for purposes of <u>Article IX</u>, additional or special interest pursuant to the terms of any Note.

"<u>Interest Rate Agreement</u>" means, with respect to any Person, any interest rate protection agreement, future agreement, option agreement, swap agreement, cap agreement, collar agreement, hedge agreement or other similar agreement or arrangement (including derivative agreements or arrangements), as to which such Person is a party or a beneficiary.

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"<u>Inventory</u>" means goods held for sale, lease or use by a Person in the ordinary course of business, net of any reserve for goods that have been segregated by such Person to be returned to the applicable vendor for credit, as determined in accordance with GAAP.

"<u>Investment</u>" in any Person by any other Person means any direct or indirect advance, loan or other extension of credit (other than to customers, dealers, distributors, licensees, franchisees, suppliers, consultants, directors, officers or employees of any Person in the ordinary course of business) or capital contribution (by means of any transfer of cash or other property to others or any payment for property or services for the account or use of others) to, or any purchase or acquisition of Capital Stock, Indebtedness or other similar instruments issued by, such Person. For purposes of the definition of "Unrestricted Subsidiary" and <u>Section</u> <u>409</u> only, (<u>i</u>) "Investment" shall include the portion (proportionate to the Company's equity interest in such Subsidiary) of the Fair Market Value of the net assets of any Subsidiary of the Company at the time that such Subsidiary is designated an Unrestricted Subsidiary, <u>provided</u> that upon a redesignation of such Subsidiary as a Restricted Subsidiary, the Company shall be deemed to continue to have a permanent "Investment" in an Unrestricted Subsidiary in an amount (if positive) equal to (<u>x</u>) the Company's "Investment" in such Subsidiary at the time of such redesignation less (<u>y</u>) the portion (proportionate to the Company's equity interest in such Subsidiary) of the Fair Market Value of the net assets of such Subsidiary at the time of such redesignation, (<u>ii</u>) any property transferred to or from an Unrestricted Subsidiary shall be valued at its fair market value (as determined in good faith by the Company, which determination shall be conclusive) at the time of such transfer and (<u>iii</u>) for purposes of <u>Section</u> <u>409(a)(3)(C)</u>, the amount resulting from the redesignation of any Unrestricted Subsidiary as a Restricted Subsidiary shall be the Fair Market Value of the Investment in such Unrestricted Subsidiary at the time of such redesignation. Guarantees shall not be deemed to be Investments. The amount of any Investment outstanding at any time shall be the original cost of such Investment, reduced (at the Company's option) by any dividend, distribution, interest payment, return of capital, repayment or other amount or value received in respect of such Investment; <u>provided</u> that to the extent that the amount of Restricted Payments outstanding at any time pursuant to <u>Section</u> <u>409(a)</u> is so reduced by any portion of any such amount or value that would otherwise be included in the calculation of Consolidated Net Income, such portion of such amount or value shall not be so included for purposes of calculating the amount of Restricted Payments that may be made pursuant to <u>Section</u> <u>409(a)</u>.

"<u>Investment Agreement</u>" means the fully executed investment agreement, dated as of February 10, 2025, by and among the Company, CD&R XII Keystone Holdings, L.P. and solely for purposes of Section 4.13 thereof, Clayton, Dubilier & Rice Fund XII, L.P. (including all exhibits, schedules or amendments thereto).

"<u>Investment Grade Rating</u>" means a rating equal to or higher than Baa3 (or the equivalent) by Moody's or BBB- (or the equivalent) by S&P, or any equivalent rating by any other Rating Agency.

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"<u>Investment Grade Securities</u>" means (i) securities issued or directly and fully guaranteed or insured by the United States government or any agency or instrumentality thereof (other than Cash Equivalents); (ii) debt securities or debt instruments with an Investment Grade Rating, but excluding any debt securities or instruments constituting loans or advances among the Company and its Subsidiaries; (iii) other short-term marketable debt securities; (iv) investments in any fund that invests exclusively in investments of the type described in clauses (i), (ii) and (iii) above, which fund may also hold cash pending investment or distribution; and (v) corresponding instruments in countries other than the United States customarily utilized for high quality investments.

"<u>Investors</u>" means, collectively, (i) Clayton, Dubilier & Rice Fund XII, L.P., a Cayman Islands exempted limited partnership, and any successor in interest thereto, (ii) Clayton, Dubilier & Rice Fund XII-A, L.P., a Cayman Islands exempted limited partnership, and any successor in interest thereto, (iii) Clayton, Dubilier & Rice Fund XII (Luxembourg), SCSp, a Luxembourg special limited partnership (*société en commandite spéciale*), and any successor in interest thereto, (iv) CD&R Advisor Fund XII, L.P., a Cayman Islands exempted limited partnership, and any successor in interest thereto, (v) CD&R Associates XII Co-Invest, L.P., a Cayman Islands exempted limited partnership, and any successor in interest thereto, (vi) CD&R Investment Associates XII, Ltd., a Cayman Islands exempted company, and any successor in interest thereto, (vii) CD&R Associates XII, L.P., a Cayman Islands exempted limited partnership, and any successor in interest thereto, (viii) CD&R Associates XII (Luxembourg) GP, S.à r.l., a Luxembourg private limited liability company (*société à responsabilité limitée*), and any successor in interest thereto, (ix) CD&R XII Keystone Holdings, L.P., a Cayman Islands exempted limited partnership, and any successor in interest thereto, and (x) any Affiliate of any Investor identified in clauses (i) through (ix) of this definition.

"<u>Issue Date</u>" means January 30, 2026.

"<u>Junior Capital</u>" means, collectively, any Indebtedness of the Company that (<u>i</u>) is not secured by any asset of the Company or any Restricted Subsidiary, (<u>ii</u>) is expressly subordinated to the prior payment in full of the Notes on terms consistent with those for senior subordinated high yield debt securities issued by similarly situated U.S. companies (as determined in good faith by the Company, which determination shall be conclusive), (<u>iii</u>) has a final maturity date that is not earlier than, and provides for no scheduled payments of principal prior to, the date that is 91 days after the final Stated Maturity of the Notes (other than through conversion or exchange of any such Indebtedness for Capital Stock (other than Disqualified Stock) of the Company or any other Junior Capital), (<u>iv</u>) has no mandatory redemption or prepayment obligations other than (<u>x</u>) obligations that are subject to the prior payment in full in cash of the Notes and (<u>y</u>) pursuant to an escrow or similar arrangement with respect to the proceeds of such Junior Capital and (<u>v</u>) does not require the payment of cash interest until the date that is 91 days after the final Stated Maturity of the Notes.

"<u>Junior Lien Priority</u>" means with respect to specified Indebtedness, secured by a Lien on specified Collateral ranking junior to the Lien on such Collateral securing the Notes or any Note Guarantee, as applicable, either pursuant to the Base Intercreditor Agreement or one or more other intercreditor agreements having terms no less favorable to the Holders with respect to such Collateral than the terms of the Base Intercreditor Agreement applicable to the Collateral, as determined in good faith by the Company (which determination shall be conclusive).

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"<u>Kito Crosby</u>" means Kito Crosby Limited, a company incorporated under the laws of England and Wales (f/k/a Crosby Worldwide Limited), and any successor in interest thereto.

"<u>Kito Crosby Acquisition</u>" means the acquisition by the Company on the Kito Crosby Acquisition Closing Date, in accordance with the Kito Crosby Purchase Agreement, of all of the Shares (as defined in the Kito Crosby Purchase Agreement) of Kito Crosby.

"<u>Kito Crosby Acquisition Closing Date</u>" means the date of consummation of the Kito Crosby Acquisition.

"<u>Kito Crosby Entities</u>" means collectively, Kito Crosby and each of its Subsidiaries.

"<u>Kito Crosby Payments Administration Agreement</u>" means the "Payments Administration Agreement" as defined in the Kito Crosby Purchase Agreement, as the same may be amended, supplemented, waived or otherwise modified from time to time.

"<u>Kito Crosby Purchase Agreement</u>" means the Stock Purchase Agreement, dated as of February 10, 2025, by and among the Company, Kito Crosby, the holders of all of the Shares (as defined therein) of Kito Crosby, as set forth on the signature pages thereto, and Ascend Overseas Limited, as company incorporated under the laws of England and Wales, solely in its capacity as the Representative (as defined therein), as the same may be amended, supplemented, waived or otherwise modified from time to time.

"<u>Letter of Credit Facility</u>" means any facility, in each case with one or more banks or other lenders, institutions or financing providers providing for letters of credit or bank guarantees, in each case including all agreements, instruments and documents executed and delivered pursuant to or in connection with any of the foregoing.

"<u>Liabilities</u>" means, collectively, any and all claims, obligations, liabilities, causes of action, actions, suits, proceedings, investigations, judgments, decrees, losses, damages, fees, costs and expenses (including interest, penalties and fees and disbursements of attorneys, accountants, investment bankers and other professional advisors), in each case whether incurred, arising or existing with respect to third parties or otherwise at any time or from time to time.

"<u>Lien</u>" means any mortgage, pledge, security interest, encumbrance, lien or charge of any kind (including any conditional sale or other title retention agreement or lease in the nature thereof).

"<u>Liens First Lien Leverage Ratio Tested Committed Amount</u>" is as defined in clause (s) of the definition of "Permitted Liens."

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"<u>Limited Condition Transaction</u>" means (<u>i</u>) an acquisition or an Investment that the Company or any Subsidiary thereof is contractually committed to consummate and whose consummation is not conditioned on the availability of, or on obtaining, third party financing, (<u>ii</u>) any prepayment, repurchase or redemption of Indebtedness or Preferred Stock requiring irrevocable notice in advance of such prepayment, repurchase or redemption or (<u>iii</u>) any dividends or distributions on, or redemptions of, Capital Stock in connection with an acquisition or Investment of the type set forth in clause (i) hereof and permitted under this Indenture.

"<u>Management Advances</u>" means (<u>1</u>) loans or advances made to directors, management members, officers, employees or consultants of the Company or any Restricted Subsidiary (<u>x</u>) in respect of travel, entertainment or moving related expenses incurred in the ordinary course of business, (<u>y</u>) in respect of moving related expenses incurred in connection with any closing or consolidation of any facility or (<u>z</u>) in the ordinary course of business and (in the case of this clause (z)) not exceeding the greater of (<u>a</u>) $22.0 million and (<u>b</u>) 5.0% of Four Quarter Consolidated EBITDA in the aggregate outstanding at any time, (<u>2</u>) promissory notes of Management Investors acquired in connection with the issuance of Management Stock to such Management Investors, (<u>3</u>) Management Guarantees, or (<u>4</u>) other Guarantees of borrowings by Management Investors in connection with the purchase of Management Stock, which Guarantees are permitted under <u>Section</u> <u>407</u>.

"<u>Management Guarantees</u>" means guarantees (<u>x</u>) of up to an aggregate principal amount outstanding at any time of the greater of (<u>a</u>) $22.0 million and (<u>b</u>) 5.0% of Four Quarter Consolidated EBITDA of borrowings by Management Investors in connection with their purchase of Management Stock or (<u>y</u>) made on behalf of, or in respect of loans or advances made to, directors, officers, employees or consultants of the Company or any Restricted Subsidiary (<u>1</u>) in respect of travel, entertainment and moving related expenses incurred in the ordinary course of business or (<u>2</u>) in the ordinary course of business and (in the case of this clause (2)) not exceeding the greater of (<u>a</u>) $22.0 million and (<u>b</u>) 5.0% of Four Quarter Consolidated EBITDA in the aggregate outstanding at any time.

"<u>Management Indebtedness</u>" means Indebtedness Incurred to (<u>a</u>) any Person other than a Management Investor of up to an aggregate principal amount outstanding at any time of the greater of (<u>a</u>) $22.0 million and (<u>b</u>) 5.0% of Four Quarter Consolidated EBITDA and (<u>b</u>) any Management Investor, in each case, to finance the repurchase or other acquisition of Capital Stock of the Company or any Restricted Subsidiary (including any options, warrants or other rights in respect thereof) from any Management Investor, which repurchase or other acquisition of Capital Stock is permitted by <u>Section</u> <u>409</u>.

"<u>Management Investors</u>" means the current or former management members, officers, directors, employees and other members of the management of, the Company or any of their respective Subsidiaries, or family members or relatives of any of the foregoing (<u>provided</u> that, solely for purposes of the definition of "Permitted Holder," such relatives shall include only those Persons who are or become Management Investors in connection with estate planning for or inheritance from other Management Investors, as determined in good faith by the Company, which determination shall be conclusive), or trusts, partnerships or limited liability companies for the benefit of any of the foregoing, or any of their heirs, executors, successors and legal representatives, who at any date beneficially own or have the right to acquire, directly or indirectly, Capital Stock of the Company, any Restricted Subsidiary.

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"<u>Management Stock</u>" means Capital Stock of the Company or any Restricted Subsidiary (including any options, warrants or other rights in respect thereof) held by any of the Management Investors.

"<u>Market Capitalization</u>" means an amount equal to (<u>i</u>) the total number of issued and outstanding shares of capital stock of the Company (including all shares of Capital Stock of the Company, as applicable, reserved for issuance upon conversion or exchange of Capital Stock of the Company outstanding on such date) on the date of declaration of the relevant dividend or making of any other Restricted Payment, as applicable, multiplied by (<u>ii</u>) the arithmetic mean of the closing prices per share of such capital stock on the New York Stock Exchange (or, if the primary listing of such capital stock is on another exchange, on such other exchange) for the 30 consecutive trading days immediately preceding such date.

"<u>Material Intellectual Property</u>" means any trademarks, service marks, logos, domain names, trade names, copyrights, patents, patent rights, know-how, trade secrets, proprietary confidential information, franchises, licenses and other intellectual property rights, and all registrations and applications for registration of the foregoing, owned by the Company or any Restricted Subsidiary that is material to the operations of the business of the Company and its Restricted Subsidiaries, taken as a whole (as determined by the Company in good faith, which determination shall be conclusive).

"<u>Minority Business</u>" means any business unit of the Company that represents less than 50.0% of the Consolidated EBITDA of the Company and its Restricted Subsidiaries for and as of the end of the last four fiscal quarters of the Company for which financial statements have been delivered pursuant to <u>Section</u> <u>405</u>.

"<u>Minority Business Assets</u>" means the assets of the Company and its Subsidiaries, including Capital Stock of Subsidiaries, that relate to or form part of a Minority Business.

"<u>Minority Business Disposition</u>" means (<u>i</u>) any sale or other disposition of Capital Stock of any Minority Business Subsidiary (whether by issuance or sale of Capital Stock, merger, or otherwise) to one or more Persons (other than the Company or a Restricted Subsidiary) in any transaction or series of related transactions following the consummation of which such Minority Business Subsidiary is no longer a Restricted Subsidiary of the Company (excluding any Minority Business Offering) or (<u>ii</u>) any sale or other disposition of any assets of any Minority Business Subsidiary or other Minority Business Assets, including all or substantially all of the assets of any Minority Business Subsidiary, to one or more Persons (other than the Company or a Restricted Subsidiary) in any transaction or series of related transactions.

"<u>Minority Business Disposition Condition</u>" means at any date of determination after giving effect to the Minority Business Disposition or Minority Business Offering, either (<u>1</u>) the Company could Incur at least $1.00 of additional Indebtedness pursuant to <u>Section</u> <u>407(a)</u> or <u>Section</u> <u>407(b)(xvii)</u>, (<u>2</u>) the Consolidated Coverage Ratio of the Company would equal or exceed the Consolidated Coverage Ratio of the Company immediately prior to giving effect thereto or (3) the Consolidated Total Leverage Ratio of the Company would equal or be less than the Consolidated Total Leverage Ratio of the Company immediately prior to giving effect thereto.

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"<u>Minority Business Offering</u>" means a public offering of Capital Stock of any Minority Business Subsidiary pursuant to a registration statement filed with the SEC.

"<u>Minority Business Subsidiary</u>" means any of the Company's Subsidiaries and successors in interest thereto to the extent any of such Subsidiaries form part of the relevant Minority Business.

"<u>Moody's</u>" means Moody's Investors Service, Inc., and its successors.

"<u>Mortgages</u>" means each of the mortgages, deeds of trust and deeds to secure debt or other security document made by the Company or any Guarantor, in form and substance consistent with the mortgages delivered under the Original First Lien Credit Agreement, as the same may be amended, supplemented, replaced or otherwise modified from time to time.

"<u>Net Available Cash</u>" from an Asset Disposition means an amount equal to the cash payments received (including any cash payments received by way of deferred payment of principal pursuant to a note or installment receivable or otherwise, but only as and when received, but excluding any other consideration received in the form of assumption by the acquiring Person of Indebtedness or other obligations relating to the properties or assets that are the subject of such Asset Disposition or received in any other non-cash form) therefrom, in each case net of (<u>i</u>) all legal, title and recording tax expenses, commissions and other fees and expenses incurred and (without duplication) all federal, state, provincial, foreign and local taxes required to be paid or to be accrued as a liability under GAAP, in each case as a consequence of, or in respect of, such Asset Disposition (including as a consequence of any transfer of funds in connection with the application thereof in accordance with <u>Section</u> <u>411</u>), (<u>ii</u>) all payments made, and all installment payments required to be made, on any Indebtedness (other than Indebtedness secured by Liens on the Collateral that are required by the express terms of this Indenture to be *pari passu* with or junior to the Liens on the Collateral securing the Notes) (<u>x</u>) that is secured by any assets subject to such Asset Disposition, in accordance with the terms of any Lien upon such assets, or (<u>y</u>) that must by its terms, or with respect to an Asset Disposition, in order to obtain a necessary consent to such Asset Disposition, or by applicable law, be repaid out of the proceeds from such Asset Disposition, including but not limited to any payments required to be made to increase borrowing availability under any revolving credit facility, (<u>iii</u>) all distributions and other payments required to be made to minority interest holders in Subsidiaries or joint ventures as a result of such Asset Disposition, or to any other Person (other than the Company or a Restricted Subsidiary) owning a beneficial interest in the assets disposed of in such Asset Disposition, (<u>iv</u>) any liabilities or obligations associated with the assets disposed of in such Asset Disposition and retained, indemnified or insured by the Company or any Restricted Subsidiary after such Asset Disposition, including without limitation pension and other post-employment benefit liabilities, liabilities related to environmental matters, and liabilities relating to any indemnification obligations associated with such Asset Disposition and (<u>v</u>) in the case of an Asset Disposition, the amount of any purchase price or similar adjustment (<u>x</u>) claimed by any Person to be owed by the Company or any Restricted Subsidiary, until such time as such claim shall have been settled or otherwise finally resolved, or (<u>y</u>) paid or payable by the Company or any Restricted Subsidiary, in each case in respect of such Asset Disposition.

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"<u>Net Cash Proceeds</u>" means, with respect to any issuance or sale of any securities of, or the Incurrence of Indebtedness by, the Company or any Subsidiary, or any capital contribution to the Company or any Subsidiary, the cash proceeds of such issuance, sale, Incurrence or contribution received by the Company or such Subsidiary net of attorneys' fees, accountants' fees, underwriters' or placement agents' fees, discounts or commissions and brokerage, consultant and other fees actually incurred in connection with such issuance, sale, contribution or Incurrence and net of all taxes paid or payable as a result, or in respect, thereof.

"<u>Net Short Holder</u>" means any Notes Beneficial Owner (alone or together with its Affiliates (but subject to clause (vi) below)) (other than any Notes Beneficial Owner that is a Regulated Bank) that, as a result of its (or its Affiliates' (but subject to clause (vi) below)) interest, whether held directly or through any intermediary, in any total return swap, total rate of return swap, credit default swap or other derivative contract (other than any such total return swap, total rate of return swap, credit default swap or other derivative contract entered into pursuant to bona fide market making activities), has a net short position with respect to either (<u>1</u>) the Notes or (<u>2</u>) any other Indebtedness and/or commitments in respect thereof of the Company or Guarantors (any such Indebtedness and/or commitments under this clause (2), the "<u>Covered Indebtedness</u>"). For purposes of determining whether a Notes Beneficial Owner (alone or together with its Affiliates (but subject to clause (vi) below)) has a "net short position" on any date of determination: (<u>i</u>) derivative contracts with respect to the Notes and/or any Covered Indebtedness and such contracts that are the functional equivalent thereof shall be counted at the notional amount thereof in Dollars, (<u>ii</u>) notional amounts in other currencies shall be converted to the dollar equivalent thereof by such Notes Beneficial Owner in a commercially reasonable manner consistent with generally accepted financial practices and based on the prevailing conversion rate (determined on a mid-market basis) on the date of determination, (<u>iii</u>) derivative contracts in respect of an index that includes the Company or any of the Guarantors or any instrument issued or guaranteed by the Company or any of the Guarantors shall not be deemed to create a short position with respect to either (<u>1</u>) the Notes and/or (<u>2</u>) the Covered Indebtedness, so long as (<u>x</u>) such index is not created, designed, administered or requested by such Notes Beneficial Owner or its Affiliates (other than its Excluded Affiliates) and (<u>y</u>) the Company and Guarantors and any instrument issued or guaranteed by the Company or any of the Guarantors, collectively, shall represent less than 5% of the components of such index, (<u>iv</u>) derivative transactions that are documented using either the 2014 ISDA Credit Derivatives Definitions or the 2003 ISDA Credit Derivatives Definitions (collectively, the "<u>ISDA CDS Definitions</u>") shall be deemed to create a short position with respect to either (<u>1</u>) the Notes and/or (<u>2</u>) the Covered Indebtedness if such Notes Beneficial Owner or its Affiliates (other than its Excluded Affiliates) is a protection buyer or the equivalent thereof for such derivative transaction and (<u>x</u>) the Notes and/or any such Covered Indebtedness are a "Reference Obligation" under the terms of such derivative transaction (whether specified by name in the related documentation, included as a "Standard Reference Obligation" on the most recent list published by Markit, if "Standard Reference Obligation" is specified as applicable in the relevant documentation or in any other manner), (<u>y</u>) the Notes and/or any such Covered Indebtedness would be a "Deliverable Obligation" under the terms of such derivative transaction or (<u>z</u>) the Company or any of the Guarantors (or any of their successors) is designated as a "Reference Entity" under the terms of such derivative transactions, (<u>v</u>) credit derivative transactions or other derivatives transactions not documented using the ISDA CDS Definitions shall be deemed to create a short position with respect to either (<u>1</u>) the Notes and/or (<u>2</u>) the Covered Indebtedness if such transactions are

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functionally equivalent to a transaction that offers such Notes Beneficial Owner or its Affiliates (other than its Excluded Affiliates) protection in respect of the Notes and/or any such Covered Indebtedness, or as to the credit quality of the Company or any of the Guarantors (or any of their successors) other than, in each case, as part of an index so long as (<u>x</u>) such index is not created, designed, administered or requested by such Notes Beneficial Owner or its Affiliates (other than its Excluded Affiliates) and (<u>y</u>) the Company and Guarantors and any instrument issued or guaranteed by the Company or any of the Guarantors, collectively, shall represent less than 5% of the components of such index and (<u>vi</u>) in connection with any amendment, supplement, waiver or modification of this Indenture, the Notes, the Note Security Documents or the Intercreditor Agreements, as well as any other request, demand, authorization, direction, notice, consent or waiver under this Indenture, each Notes Beneficial Owner shall either (<u>A</u>) reasonably inquire as to whether its Ethically Screened Affiliates have any interest in the Notes, any such Covered Indebtedness and/or any applicable total return swap, total rate of return swap, credit default swap or other derivative contract, and such Ethically Screened Affiliates' interests therein shall only be included in determining whether such Notes Beneficial Owner (alone or together with its Affiliates) is a Net Short Holder to the extent determined from such reasonable inquiry or (<u>B</u>) provide a certification or deemed certification to the Trustee and the Company that such Notes Beneficial Owner is not coordinating or acting in concert with any of its Affiliates (other than any Affiliates designated in writing by such Notes Beneficial Owner whose interests in the Notes, any such Covered Indebtedness and/or any applicable total return swap, total rate of return swap, credit default swap or other derivative contract shall be included in determining whether such Notes Beneficial Owner is a Net Short Holder (each a "<u>Designated Affiliate</u>")) with respect to its interest in the Notes, any such Covered Indebtedness and/or any applicable total return swap, total rate of return swap, credit default swap or other derivative contract, in which case the interests of the Affiliates (other than any Designated Affiliates) of such Notes Beneficial Owner in any Notes, any such Covered Indebtedness and/or any applicable total return swap, total rate of return swap, credit default swap or other derivative contract shall not be included in determining whether such Notes Beneficial Owner is a Net Short Holder (any such Affiliate in clause (A) or (B) above (other than any Designated Affiliates) whose Notes, any Covered Indebtedness and/or any applicable total return swap, total rate of return swap, credit default swap or other derivative contract are not included in determining whether such Notes Beneficial Owner is a Net Short Holder, an "<u>Excluded Affiliate</u>").

"<u>Non-Guarantor Subsidiary</u>" means a Restricted Subsidiary that is not a Guarantor.

"<u>Non-U.S. Person</u>" means a Person who is not a U.S. person, as defined in Regulation S.

"<u>Note Collateral Agent</u>" means Wilmington Trust, National Association, or its successor or assign, as collateral agent for the Holders, the Trustee and other Secured Parties under this Indenture and the Note Security Documents.

"<u>Note Guarantee</u>" means each Guarantee by the Guarantors of the Notes pursuant to the terms of this Indenture and the Notes.

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"<u>Note Security Documents</u>" means the Collateral Agreement and any Mortgages, security agreements, pledge agreements or other instruments evidencing or creating Liens on the assets of the Company and the Guarantors to secure the obligations under the Notes and this Indenture from and after the Kito Crosby Acquisition Closing Date, as amended, supplemented, waived or otherwise modified from time to time.

"<u>Notes</u>" means the Initial Notes, any Additional Notes and any notes issued in respect thereof pursuant to <u>Sections</u> <u>304</u>, <u>305</u>, <u>306</u>, <u>312(d)</u>, <u>312(e)</u> or <u>1008</u>.

"<u>Notes Beneficial Owner</u>" means a Person who is a beneficial owner of interests in the Notes (including Additional Notes, if any).

"<u>Obligations</u>" means, with respect to any Indebtedness, any principal, premium (if any), interest (including interest, fees and expenses accruing on or after the filing of any petition in bankruptcy or for reorganization relating to the Company or any Restricted Subsidiary whether or not a claim for post-filing interest, fees or expenses is allowed in such proceedings), fees, charges, expenses, reimbursement obligations, Guarantees of such Indebtedness (or of Obligations in respect thereof), other monetary obligations of any nature and all other amounts payable thereunder or in respect thereof.

"<u>Offering Memorandum</u>" means the confidential Offering Memorandum of the Company, dated January 22, 2026, relating to the offering of the Initial Notes.

"<u>Officer</u>" means, with respect to the Company or any other obligor upon the Notes, the Chairman of the Board, the President, the Chief Executive Officer, the Chief Financial Officer, any Vice President, the Controller, the Treasurer or the Secretary (<u>a</u>) of such Person or (<u>b</u>) if such Person is owned or managed by a single entity, of such entity (or any other individual designated as an "Officer" for the purposes of this Indenture by the Board of Directors).

"<u>Officer's Certificate</u>" means, with respect to the Company or any other obligor upon the Notes, a certificate signed by one Officer of such Person. Unless otherwise specified, any requirement to provide an Officer's Certificate hereunder shall mean an Officer's Certificate of the Company.

"<u>Opinion of Counsel</u>" means a written opinion from legal counsel who is reasonably acceptable to the Trustee. The counsel may be an employee of or counsel to the Company or the Trustee.

"<u>Outstanding</u>" or "<u>outstanding</u>," when used with respect to Notes means, as of the date of determination, all Notes theretofore authenticated and delivered under this Indenture, except:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Notes theretofore cancelled by the Trustee or delivered to the Trustee for cancellation;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Notes for whose payment or redemption money in the necessary amount has been theretofore deposited with the Trustee or any Paying Agent in trust for the Holders of such Notes, <u>provided</u> that, if such Notes are to be redeemed, notice of such redemption has been duly given pursuant to this Indenture or provision therefor reasonably satisfactory to the Trustee has been made; and

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) Notes in exchange for or in lieu of which other Notes have been authenticated and delivered pursuant to this Indenture.

A Note does not cease to be Outstanding because the Company, any Affiliate of the Company or any Net Short Holder holds the Note (and such Note shall be deemed to be Outstanding for purposes of this Indenture), <u>provided</u> that in determining whether the Holders of the requisite amount of Outstanding Notes have given any request, demand, authorization, direction, notice, consent or waiver hereunder, Notes owned by the Company, any Affiliate of the Company or any Net Short Holder shall be disregarded and deemed not to be Outstanding (except in the case of a Net Short Holder if otherwise agreed to by the Company), except that, for the purpose of determining whether the Trustee shall be protected in relying on any such request, demand, authorization, direction, notice, consent or waiver, only Notes which a Trust Officer of the Trustee actually knows are so owned shall be so disregarded. Notes so owned that have been pledged in good faith may be regarded as Outstanding if the pledgee establishes to the reasonable satisfaction of the Trustee the pledgee's right to act with respect to such Notes and that the pledgee is not the Company, an Affiliate of the Company or a Net Short Holder.

"<u>Parent</u>" means any Other Parent and any other Person that is a Subsidiary of any Other Parent and of which the Company is a Subsidiary, in each case, solely for so long as the Company remains a Subsidiary of such Person. As used herein, "<u>Other Parent</u>" means a Person of which the Company is or becomes a Subsidiary that is designated by the Company as an "Other Parent" after the Issue Date; <u>provided</u> that either (<u>x</u>) immediately after the Company first becomes a Subsidiary of such Person, more than 50.0% of the Voting Stock of such Person shall be held by one or more Persons that held more than 50.0% of the Voting Stock of the Company or a Parent of the Company immediately prior to the Company first becoming such Subsidiary or (<u>y</u>) such Person shall be deemed not to be an Other Parent for the purpose of determining whether a Change of Control shall have occurred by reason of the Company first becoming a Subsidiary of such Person. The Company shall not in any event be deemed to be a "Parent".

"<u>Paying Agent</u>" means any Person authorized by the Company to pay the principal of (and premium, if any) or interest on any Notes on behalf of the Company; <u>provided</u> that neither the Company nor any of its Affiliates shall act as Paying Agent for purposes of <u>Section</u> <u>1102</u> or <u>Section</u> <u>1205</u>. The Trustee will initially act as Paying Agent for the Notes.

"<u>Permitted Encumbrances</u>" means with respect to each fee-owned or leasehold real property of the Company or any of its Subsidiaries (or similar property interests under local law), those liens, encumbrances and other matters affecting title, zoning, building codes, land use and other similar laws and municipal ordinances and other similar items, which in any such case, do not materially detract from the value of the property or impair, in any material respect, the use or ownership of such property for its intended purpose, in the ordinary course of business.

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"<u>Permitted Holder</u>" means any of the following: (i) any of the Investors; (ii) any of the Management Investors and their respective Affiliates (other than any portfolio companies thereof); (iii) any investment fund or vehicle managed, sponsored or advised by any of the Investors, and any Affiliate of or successor to any such investment fund or vehicle; (iv) any limited or general partners of, or other investors in, any Investor or any Affiliate thereof, or any such investment fund or vehicle; (v) any "group" (as such term is used in Sections 13(d) and 14(d) of the Exchange Act as in effect on the Issue Date) of which any of the Persons specified in clause (i), (ii), (iii) or (iv) above is a member (provided that (without giving effect to the existence of such "group" or any other "group") one or more of such Persons collectively have beneficial ownership, directly or indirectly, of more than 50.0% of the total voting power of the Voting Stock of the Company held by such "group"), and any other Person that is a member of such "group"; and (vi) any Person acting in the capacity of an underwriter (solely to the extent that and for so long as such Person is acting in such capacity) in connection with a public or private offering of Capital Stock of the Company. In addition, any "person" (as such term is used in Sections 13(d) and 14(d) of the Exchange Act as in effect on the Issue Date) whose status as a "beneficial owner" (as defined in Rules 13d-3 and 13d-5 under the Exchange Act as in effect on the Issue Date) constitutes or results in a Change of Control in respect of which a Change of Control Offer or an Alternate Offer is made in accordance with the requirements of this Indenture, together with its Affiliates, shall thereafter constitute Permitted Holders.

"<u>Permitted Investment</u>" means an Investment by the Company or any Restricted Subsidiary in, or consisting of, any of the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) a Restricted Subsidiary, the Company, or a Person that will, upon the making of such Investment, become a Restricted Subsidiary (and any Investment held by such Person that was not acquired by such Person, or made pursuant to a commitment by such Person that was not entered into, in contemplation of so becoming a Restricted Subsidiary);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) another Person if as a result of such Investment such other Person is merged or consolidated with or into, or transfers or conveys all or substantially all its assets to, or is liquidated into, the Company or a Restricted Subsidiary (and, in each case, any Investment held by such other Person that was not acquired by such Person, or made pursuant to a commitment by such Person that was not entered into, in contemplation of such merger, consolidation or transfer);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) Temporary Cash Investments, Investment Grade Securities or Cash Equivalents;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) receivables owing to the Company or any Restricted Subsidiary, if created or acquired in the ordinary course of business;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) any securities or other Investments received as consideration in, or retained in connection with, sales or other dispositions of property or assets, including Asset Dispositions made in compliance with <u>Section</u> <u>411</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) securities or other Investments received in settlement of debts created in the ordinary course of business and owing to, or of other claims asserted by, the Company or any Restricted Subsidiary, or as a result of foreclosure, perfection or enforcement of any Lien, or in satisfaction of judgments, including in connection with any bankruptcy proceeding or other reorganization of another Person;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) Investments in existence or made pursuant to legally binding written commitments in existence on the Issue Date or, with respect to the Kito Crosby Entities, the Kito Crosby Acquisition Closing Date, and in each case, any extension, modification, replacement, reinvestment or renewal thereof; <u>provided</u> that the amount of any such Investment may be increased in such extension, modification, replacement, reinvestment or renewal only (<u>x</u>) as required by the terms of such Investment or binding commitment as in existence on the Issue Date or, with respect to the Kito Crosby Entities, the Kito Crosby Acquisition Closing Date (including as a result of the accrual or accretion of interest or original issue discount or the issuance of pay-in-kind securities) or (<u>y</u>) as otherwise permitted by this Indenture;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii) Currency Agreements, Interest Rate Agreements, Commodities Agreements and related Hedging Obligations, which obligations are Incurred in compliance with <u>Section</u> <u>407</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ix) pledges or deposits (<u>x</u>) with respect to leases or utilities provided to third parties in the ordinary course of business or (<u>y</u>) otherwise described in the definition of "Permitted Liens" or made in connection with Liens permitted under <u>Section</u> <u>413</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(x) (<u>1</u>) Investments in or by any Special Purpose Subsidiary, or in connection with a Financing Disposition by, to, in or in favor of any Special Purpose Entity, including Investments of funds held in accounts permitted or required by the arrangements governing such Financing Disposition or any related Indebtedness, (<u>2</u>) any promissory note issued by the Company or any Restricted Subsidiary or (3) Investments in notes receivables and other non-cash consideration in connection with a transaction described in clause (iv) of the definition of "Asset Disposition";

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xi) bonds secured by assets leased to and operated by the Company or any Restricted Subsidiary that were issued in connection with the financing of such assets so long as the Company or any Restricted Subsidiary may obtain title to such assets at any time by paying a nominal fee, canceling such bonds and terminating the transaction;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xii) the Notes;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xiii) any Investment to the extent made using Capital Stock of the Company (other than Disqualified Stock) or Junior Capital as consideration;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xiv) Management Advances;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xv) Investments in Related Businesses in an aggregate amount outstanding at any time not to exceed an amount equal to the greater of (<u>a</u>) $86.0 million and (<u>b</u>) 20.0% of Four Quarter Consolidated EBITDA;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xvi) any transaction to the extent it constitutes an Investment that is permitted by and made in accordance with <u>Section</u> <u>412(b)</u> (except transactions described in <u>Sections 412(b)(i)</u>, <u>(ii)(4)</u>, <u>(iii)</u>, <u>(v)</u>, <u>(vi)</u>, <u>(ix)</u> and <u>(x)</u>), including any Investment pursuant to any transaction described in <u>Section</u> <u>412(b)(ii)</u> (whether or not any Person party thereto is at any time an Affiliate of the Company);

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xvii) any Investment by any Captive Insurance Subsidiary in connection with the provision of insurance to the Company or any of its Subsidiaries, which Investment is made in the ordinary course of business of such Captive Insurance Subsidiary, or by reason of applicable law, rule, regulation or order, or that is required or approved by any regulatory authority having jurisdiction over such Captive Insurance Subsidiary or its business, as applicable;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xviii) other Investments in an aggregate amount outstanding at any time not to exceed an amount equal to the sum of (<u>x</u>) the greater of (<u>a</u>) $151.0 million and (<u>b</u>) 35.0% of Four Quarter Consolidated EBITDA, (<u>y</u>) the Available Restricted Payments Amount and (<u>z</u>) the Available Restricted Debt Payments Amount;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xix) Investments in prepaid expenses, negotiable instruments held for collection and lease, utility and workers compensation, performance and similar deposits entered into as a result of the operations of the business in the ordinary course of business or consistent with past practice;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xx) Investments consisting of purchases or other acquisitions of inventory, supplies, services, material or equipment or the licensing or contribution of intellectual property pursuant to joint marketing arrangements with other Persons;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxi) any Investment in any joint venture in connection with intercompany cash management arrangements or related activities arising in the ordinary course of business or consistent with past practice;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxii) Investments made in the ordinary course of business or consistent with past practice in connection with obtaining, maintaining or renewing client contracts and loans or advances made to distributors in the ordinary course of business or consistent with past practice; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxiii) Investments held in the investment portfolio of CM Insurance Company, Inc. of the type and in amounts in the ordinary course of business of CM Insurance Company, Inc. and consistent with past practices.

If any Investment pursuant to clause (xv) or (xviii) above, or <u>Section</u> <u>409(b)(vi)</u> or <u>Section</u> <u>409(b)(xvi)</u>, as applicable, is made in any Person that is not a Restricted Subsidiary and such Person thereafter (<u>A</u>) becomes a Restricted Subsidiary or (<u>B</u>) is merged or consolidated into, or transfers or conveys all or substantially all of its assets to, or is liquidated into, the Company or a Restricted Subsidiary, then such Investment shall thereafter be deemed to have been made pursuant to clause (i) or (ii) above, respectively, and not clause (xv) or (xviii) above, or <u>Section</u> <u>409(b)(vi)</u> or <u>Section</u> <u>409(b)(xvi)</u>, as applicable.

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"<u>Permitted Liens</u>" means:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Liens or statutory liens for taxes, assessments or other governmental charges or claims not yet delinquent or the nonpayment of which in the aggregate would not reasonably be expected to have a material adverse effect on the Company and its Restricted Subsidiaries, taken as a whole, or that are being contested in good faith and by appropriate proceedings if adequate reserves with respect thereto are maintained on the books of the Company or a Subsidiary thereof, as the case may be, in accordance with GAAP;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Liens with respect to outstanding motor vehicle fines, and carriers', warehousemen's, mechanics', landlords', materialmen's, repairmen's or other like Liens arising in the ordinary course of business in respect of obligations that are not known to be overdue for a period of more than 60 days or that are bonded or that are being contested in good faith and by appropriate proceedings or which in the aggregate would not reasonably be expected to have a material adverse effect on the Company and its Restricted Subsidiaries, taken as a whole;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) pledges, deposits or Liens in connection with workers' compensation, professional liability insurance, insurance programs, unemployment insurance and other social security and other similar legislation or other insurance-related obligations (including pledges or deposits securing liability to insurance carriers under insurance or self-insurance arrangements);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) pledges, deposits or Liens to secure the performance of bids, tenders, trade, government or other contracts (other than for borrowed money), obligations for utilities, leases, licenses, statutory obligations, completion guarantees, customs, surety, judgment, appeal, indemnity or performance bonds, other similar bonds, instruments or obligations, and other obligations of a like nature incurred in the ordinary course of business;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) (i) easements (including reciprocal easement agreements), rights-of-way, building, zoning and similar restrictions, utility agreements, covenants, reservations, exceptions, servitudes, restrictions, encroachments, charges, and other similar encumbrances or title defects or irregularities incurred, (ii) any other matters that would be disclosed in an accurate survey affecting real property or (iii) leases or subleases granted, licenses or sublicenses granted, or occupancy agreements granted to others, whether or not of record and whether now in existence or hereafter entered into which do not in the aggregate materially interfere with the ordinary conduct of the business of the Company and its Subsidiaries, taken as a whole;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) Liens existing on, or provided for under written arrangements existing on, the Issue Date or, with respect to the Kito Crosby Entities, the Kito Crosby Acquisition Closing Date, or (in the case of any such Liens securing Indebtedness of the Company or any of its Subsidiaries existing or arising under written arrangements existing on the Issue Date or, with respect to the Kito Crosby Entities, the Kito Crosby Acquisition Closing Date) securing any Refinancing Indebtedness in respect of such Indebtedness (other than Indebtedness Incurred under <u>Section</u> <u>407(b)(i)</u> and secured under clause (k)(1) of this definition) so long as the Lien securing such Refinancing Indebtedness is limited to all or part of the same property or assets (plus improvements, accessions, proceeds or dividends or distributions in respect thereof) that secured (or under such written arrangements could secure) the original Indebtedness;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) (<u>i</u>) mortgages, liens, security interests, restrictions, encumbrances or any other matters of record that have been placed by any developer, landlord or other third party on property over which the Company or any Restricted Subsidiary of the Company has easement rights or on any leased property and subordination or similar agreements relating thereto and (<u>ii</u>) any condemnation, eminent domain or compulsory purchase rights or proceedings affecting any real property;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) Liens securing Indebtedness (including Liens securing any Obligations in respect thereof) consisting of Hedging Obligations, Bank Products Obligations, Purchase Money Obligations or Financing Lease Obligations Incurred in compliance with <u>Section</u> <u>407</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Liens arising out of judgments, decrees, orders or awards in respect of which the Company or any Restricted Subsidiary shall in good faith be prosecuting an appeal or proceedings for review, which appeal or proceedings shall not have been finally terminated, or if the period within which such appeal or proceedings may be initiated shall not have expired;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) leases, subleases, licenses, sublicenses or occupancy agreements to or from third parties;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) Liens securing Indebtedness (including Liens securing any Obligations in respect thereof) consisting of (1) Indebtedness Incurred in compliance with <u>Section</u> <u>407(b)(i)</u> (*provided*, that, any Liens on Collateral shall be subject to the Base Intercreditor Agreement or any other Intercreditor Agreement, as applicable), (2) Indebtedness Incurred in compliance with <u>Sections 407(b)(iv)</u>, <u>(v)</u>, <u>(vii)</u>, <u>(viii)</u>, <u>(xv)</u> (limited, in the case of clause <u>(xv)</u>, to Liens on any of the property and assets of any Foreign Subsidiary) or <u>Section</u> <u>407(b)(iii)(A)</u> and <u>(B)</u> (other than Refinancing Indebtedness Incurred in respect of Indebtedness described in <u>Sections 407(a)</u> or <u>407(b)(xvii)</u>, (3) any Indebtedness Incurred in compliance with <u>Section</u> <u>407(b)(xiii)</u>; provided that any Liens securing such Indebtedness shall rank junior to the Liens that secure the Obligations and shall be subject to the Base Intercreditor Agreement or any other Intercreditor Agreement, as applicable, (4) (A) Acquisition Indebtedness Incurred in compliance with <u>Sections 407(b)(x)</u> or <u>(xi)</u>; provided that (x) such Liens are limited to all or part of the same property or assets, including Capital Stock (plus improvements, accessions, proceeds or dividends or distributions in respect thereof, or replacements of any thereof) acquired, or of any Person acquired or merged or consolidated with or into the Company or any Restricted Subsidiary, in any transaction to which such Acquisition Indebtedness relates, (y) on the date of the Incurrence of such Indebtedness after giving effect to such Incurrence, the Consolidated First Lien Leverage Ratio would equal or be less than the Consolidated First Lien Leverage Ratio immediately prior to giving effect thereto or (z) such Liens rank junior to the Liens that secure the Obligations and shall be subject to the Base Intercreditor Agreement or any other Intercreditor Agreement, as applicable, or (B) any Refinancing Indebtedness Incurred in respect thereof, (5) Indebtedness Incurred in compliance with <u>Section</u> <u>407(b)(i)</u> or <u>(xvi)</u> pursuant to any Letter of Credit Facility; provided that any Liens on Collateral shall be subject to the Base Intercreditor Agreement or any other Intercreditor Agreement, as applicable, (6) Indebtedness of any Restricted Subsidiary that is not a Guarantor (limited, in the case of this clause (k)(6), to Liens on any of the property and assets of any Restricted Subsidiary that is not a Guarantor), (7) obligations in respect of Management Advances or Management Guarantees, (8) any Indebtedness Incurred in compliance with <u>Section</u> <u>407(b)(xvii)(x)</u> or (in the case of Refinancing Indebtedness Incurred in respect of Indebtedness described in <u>Section</u> <u>407(b)(xvii)(x)</u>) <u>Section</u> <u>407(b)(iii)(B)</u>; provided that any Liens securing such Indebtedness shall be subject to the

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Intercreditor Agreement and/or another Intercreditor Agreement, as applicable, and (9) any Indebtedness Incurred in compliance with <u>Section</u> <u>407(b)(xvii)(y)</u> or (in the case of Refinancing Indebtedness Incurred in respect of Indebtedness described in <u>Section</u> <u>407(b)(xvii)(y)</u>) <u>Section</u> <u>407(b)(iii)(B)</u>; provided that any Liens securing such Indebtedness shall either (x) rank junior to the Liens that secure either the Senior Secured Facilities Obligations and shall be subject to the Intercreditor Agreement and/or another Intercreditor Agreement, as applicable or (y) be secured by Liens solely on assets that are not Collateral, in each case under the foregoing clauses (1) through (9) including Liens securing any Guarantee of any thereof;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l) Liens existing on property or assets of a Person at, or provided for under written arrangements existing at, the time such Person becomes a Subsidiary of the Company (or at the time the Company or a Restricted Subsidiary acquires such property or assets, including any acquisition by means of a merger or consolidation with or into the Company or any Restricted Subsidiary); <u>provided</u>, <u>however</u>, that such Liens and arrangements are not created in connection with, or in contemplation of, such other Person becoming such a Subsidiary (or in connection with, or in contemplation of, such acquisition of such property or assets), and that such Liens are limited to the same property or assets (plus improvements, accessions, proceeds or dividends or distributions in respect thereof) that secured (or, under the written arrangements under which such Liens arose, could secure) the obligations to which such Liens relate; <u>provided</u>, <u>further</u>, that for purposes of this clause (l), if a Person other than the Company is the Successor Company with respect thereto, any Subsidiary thereof shall be deemed to become a Subsidiary of the Company, and any property or assets of such Person or any such Subsidiary shall be deemed acquired by the Company or a Restricted Subsidiary, as the case may be, when such Person becomes such Successor Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m) Liens on Capital Stock, Indebtedness or other securities of an Unrestricted Subsidiary or any joint venture that secure Indebtedness or other obligations of such Unrestricted Subsidiary or joint venture, respectively;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(n) any encumbrance or restriction (including but not limited to pursuant to put and call agreements, tag, drag, right of first refusal, buy/sell arrangements or similar rights) with respect to Capital Stock of any joint venture or similar arrangement pursuant to any joint venture or similar agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(o) Liens securing Indebtedness (including Liens securing any Obligations in respect thereof) consisting of Refinancing Indebtedness Incurred in respect of any Indebtedness (other than any Indebtedness Incurred under <u>Section</u> <u>407(b)(i)</u> and secured under clause (k)(1) of this definition) secured by, or securing any refinancing, refunding, extension, renewal or replacement (in whole or in part) of any other obligation secured by, any other Permitted Liens; <u>provided</u> that any such new Lien is limited to all or part of the same property or assets (plus improvements, accessions, proceeds or dividends or distributions in respect thereof) that secured (or, under the written arrangements under which the original Lien arose, could secure) the obligations to which such Liens relate;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(p) Liens (<u>1</u>) arising by operation of law (or by agreement to the same effect) in the ordinary course of business, (<u>2</u>) on property or assets under construction (and related rights) in favor of a contractor or developer or arising from progress or partial payments by a third party relating to such property or assets, (<u>3</u>) arising from precautionary UCC financing statements or similar filings made in respect of operating leases entered into by the Company or any of its Subsidiaries, (<u>4</u>) on cash set aside at the time of the Incurrence of any Indebtedness or government securities purchased with such cash, in either case to the extent that such cash or government securities prefund the payment of interest on such Indebtedness and are held in an escrow account or similar arrangement to be applied for such purpose, (<u>5</u>) (<u>x</u>) securing or arising by reason of any netting or set-off or customer deposit arrangement entered into in the ordinary course of banking or other trading activities (including in connection with purchase orders and other agreements with customers), (<u>y</u>) of a collecting bank arising in the ordinary course of business under Section 4-208 of the Uniform Commercial Code in effect in the relevant jurisdiction and covering only the items being collected upon or (<u>z</u>) created pursuant to the general conditions of a bank operating in the Netherlands based on the general conditions drawn up by the Netherlands Bankers' Association (*Nederlandse Vereniging van Banken*) and the Consumers Union (*Consumentenbond*), (<u>6</u>) in favor of the Company or any Subsidiary (other than Liens on property or assets of the Company or any Guarantor in favor of any Subsidiary that is not a Guarantor), (<u>7</u>) arising out of conditional sale, title retention, consignment or similar arrangements for the sale of goods entered into in the ordinary course of business, (<u>8</u>) on inventory or other goods and proceeds securing obligations in respect of bankers' acceptances issued or created to facilitate the purchase, shipment or storage of such inventory or other goods, (<u>9</u>) relating to pooled deposit or sweep accounts to permit satisfaction of overdraft, cash pooling or similar obligations incurred in the ordinary course of business, (<u>10</u>) attaching to commodity trading or other brokerage accounts incurred in the ordinary course of business, (<u>11</u>) arising in connection with repurchase agreements permitted under <u>Section</u> <u>407</u> on assets that are the subject of such repurchase agreements, (<u>12</u>) in favor of any Special Purpose Entity in connection with any Financing Disposition, (<u>13</u>) on any amounts (including the proceeds of the applicable Indebtedness and any cash, Cash Equivalents and Temporary Cash Investments deposited to cover interest and premium in respect of such Indebtedness) held by a trustee or escrow agent under any indenture or other debt agreement governing Indebtedness issued in escrow pursuant to customary escrow arrangements (as determined by the Company in good faith, which determination shall be conclusive) pending the release thereof, or on the proceeds deposited to discharge, redeem or defease Indebtedness under any indenture or other debt agreement pursuant to customary discharge, redemption or defeasance provisions (as determined by the Company in good faith, which determination shall be conclusive), pending such discharge, redemption or defeasance, (<u>14</u>) on equipment of the Company or any of its Restricted Subsidiaries granted in the ordinary course of business to the Company's or a Restricted Subsidiary's customers or (<u>15</u>) (<u>x</u>) on accounts receivable or notes receivable (including any ancillary rights pertaining thereto) purported to be sold or disposed of in connection with any "supply chain financing program", factoring agreement or similar arrangements to secure obligations owed under such "supply chain financing program", factoring agreement or similar arrangements and (<u>y</u>) any bank accounts used by the Company or any Restricted Subsidiary in connection with any "supply chain financing program", any factoring agreement or any similar arrangements;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(q) other Liens securing Indebtedness or other obligations that in the aggregate at any time outstanding do not exceed an amount equal to the greater of (a) $172.0 million and (b) 40.0% of Four Quarter Consolidated EBITDA at the time of Incurrence of such Indebtedness or other obligations;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(r) Liens securing Indebtedness (including Liens securing any Obligations in respect thereof) or other obligations of, or in favor of, any Special Purpose Entity, or in connection with a Special Purpose Financing or otherwise, Incurred pursuant to <u>Section</u> <u>407(b)(ix)</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(s) Liens securing Indebtedness (including Liens securing any Obligations in respect thereof) consisting of Indebtedness Incurred in compliance with <u>Section</u> <u>407</u>; <u>provided</u> that (<u>i</u>) on the date of Incurrence of such Indebtedness after giving effect to such Incurrence (or, at the Company's option, on the date of the initial borrowing of such Indebtedness or entry into the definitive agreement providing the commitment to fund such Indebtedness after giving pro forma effect to the Incurrence of the entire committed amount of such Indebtedness (such committed amount, a "<u>Liens First Lien Leverage Ratio Tested Committed Amount</u>"), in which case such Liens First Lien Leverage Ratio Tested Committed Amount may thereafter be borrowed and reborrowed in whole or in part, from time to time, without further compliance with this clause), either (<u>x</u>) the Consolidated First Lien Leverage Ratio shall not exceed 4.50:1.00 or (<u>y</u>) in the case of Liens securing Indebtedness being Incurred to finance or refinance, or otherwise Incurred in connection with any acquisition of assets (including Capital Stock), business or Person, or any merger or consolidation of any Person with or into the Company or any Restricted Subsidiary, the Consolidated First Lien Leverage Ratio would equal or be less than the Consolidated First Lien Leverage Ratio immediately prior to giving effect thereto and (<u>ii</u>) if secured by Collateral, such Indebtedness (and all related Obligations) shall be subject to the terms of the Base Intercreditor Agreement or any other Intercreditor Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(t) Liens securing Indebtedness (including Liens securing any Obligations in respect thereof) consisting of Indebtedness Incurred in compliance with <u>Section</u> <u>407</u>; <u>provided</u> that any Lien on any Collateral securing any Indebtedness or other Obligations pursuant to this clause (t) shall rank junior in right of payment to the Liens securing the Obligations under the Notes; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(u) Liens on (<u>x</u>) Vendor Collateral securing Vendor Financing Arrangements and (<u>y</u>) inventory and accounts receivable (together with, in each case, the proceeds thereof, including any proceeds thereof held in any deposit accounts) securing Vendor Financing Arrangements, which Liens in the case of this clause (y) shall be permitted to be senior in priority to the Liens securing the Notes and the Note Guarantees; <u>provided</u> that the Note Collateral Agent and the applicable agent and/or lender(s), as the case may be, under each such Vendor Financing Arrangement shall have entered into an Intercreditor Agreement in connection therewith; <u>provided</u>, further, that the aggregate principal amount of such Liens on Collateral (excluding, for the avoidance of doubt, security in the form of cash collateral or letters of credit) outstanding at any time shall not exceed the greater of (a) $43.0 million and (b) 10.0% of Four Quarter Consolidated EBITDA;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) Permitted Encumbrances;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(w) Liens consisting of agreements to dispose of any property in an Asset Disposition permitted under <u>Section</u> <u>411</u>, in each case, solely to the extent such Asset Disposition would have been permitted on the date of the creation of any such Lien; provided that such Liens encumber only the applicable assets pending consummation of such Asset Disposition; and

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(x) (<u>1</u>) leases, subleases or non-exclusive licenses or sublicenses of intellectual property rights granted to other Persons in the ordinary course of business and substantially consistent with past practice which do not (<u>x</u>) interfere in any material respect with the business of the Company and its Subsidiaries, taken as a whole, or (<u>y</u>) secure any Indebtedness and (<u>2</u>) the rights reserved or vested in any Person by the terms of any lease, license, franchise, grant or permit held by the Company or its Subsidiaries.

For purposes of determining compliance with this definition, (<u>s</u>) a Lien need not be incurred solely by reference to one category of Permitted Liens described in this definition but may be incurred under any combination of such categories (including in part under one such category and in part under any other such category), (<u>t</u>) the principal amount of Indebtedness secured by a Lien outstanding under any category of Permitted Liens shall be determined after giving effect to the application of proceeds of any such Indebtedness to refinance any such other Indebtedness, (<u>u</u>) in the event that a Lien (or any portion thereof) meets the criteria of one or more of such categories of Permitted Liens, or is permitted under <u>Section</u> <u>413</u>, the Company shall, in its sole discretion, classify or reclassify such Lien (or any portion thereof) in any manner that complies with this definition and <u>Section</u> <u>413</u>, (<u>v</u>) any Lien securing Indebtedness that was permitted to secure such Indebtedness at the time of the Incurrence of such Indebtedness shall also be permitted to secure any increase in the amount of such Indebtedness in connection with the accrual of interest, the accretion of accreted value, the payment of interest in the form of additional Indebtedness and the payment of dividends on Capital Stock constituting Indebtedness in the form of additional shares of the same class of Capital Stock, (w) in the event that a portion of Indebtedness secured by a Lien could be classified as secured in part pursuant to clause (k)(1) above in respect of Indebtedness Incurred pursuant to the Ratio Incremental Facility (giving effect to the Incurrence of such portion of such Indebtedness), the Company, in its sole discretion, may classify such portion of such Indebtedness (and any Obligations in respect thereof) as having been secured pursuant to clause (k)(1) above in respect of Indebtedness Incurred pursuant to the Ratio Incremental Facility and the remainder of the Indebtedness as having been secured pursuant to such clause (k)(1) in respect of Indebtedness Incurred pursuant to <u>Section</u> <u>407(b)(i)</u> (other than pursuant to the Ratio Incremental Facility) or one or more of the other clauses of this definition (other than clause (s) above), (<u>x</u>) in the event that a portion of Indebtedness secured by a Lien could be classified in part pursuant to clause (s) above (giving effect to the Incurrence of such portion of Indebtedness), the Company, in its sole discretion, may classify such portion of Indebtedness (and any Obligations in respect thereof) as having been secured pursuant to clause (s) above and the remainder of the Indebtedness as having been secured pursuant to one or more of the other clauses or subclauses of this definition (other than clause (k)(1) above in respect of Indebtedness Incurred pursuant to the Ratio Incremental Facility), (<u>y</u>) if any Liens securing Indebtedness or other obligations are Incurred to refinance Liens securing Indebtedness or other obligations initially Incurred (or, to refinance Liens Incurred to refinance Liens initially Incurred) in reliance on any category of Permitted Liens measured by reference to a percentage of Four Quarter Consolidated EBITDA at the time of Incurrence of such Indebtedness or other obligation, and is refinanced by any Indebtedness or other obligation secured by any Lien incurred by reference to such category of Permitted Liens, and such refinancing (or any subsequent refinancing) would cause the percentage of Four

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Quarter Consolidated EBITDA to be exceeded if calculated based on the Four Quarter Consolidated EBITDA on the date of such refinancing, such percentage of Four Quarter Consolidated EBITDA shall not be deemed to be exceeded (and such refinancing Lien shall be deemed permitted) so long as the principal amount of such refinancing Indebtedness or other obligation does not exceed an amount equal to the principal amount of such Indebtedness or other obligation being refinanced, plus the aggregate amount of fees, underwriting discounts, premiums and other costs and expenses (including accrued and unpaid interest) incurred or payable in connection with such refinancing and (<u>z</u>) if any Indebtedness or other obligation is secured by any Lien outstanding under any category of Permitted Liens measured by reference to a dollar amount, and is refinanced by any Indebtedness or other obligation secured by any Lien incurred by reference to such category of Permitted Liens, and such refinancing (or any subsequent refinancing) would cause such dollar amount to be exceeded, such dollar amount shall not be deemed to be exceeded (and such refinancing Lien shall be deemed permitted) so long as the principal amount of such refinancing Indebtedness or other obligation does not exceed an amount equal to the principal amount of such Indebtedness being refinanced, plus the aggregate amount of fees, underwriting discounts, premiums and other costs and expenses (including accrued and unpaid interest) incurred or payable in connection with such refinancing; provided that (x) all Liens securing Indebtedness outstanding under the Senior Credit Facility on the Kito Crosby Acquisition Closing Date will be treated as incurred on the Issue Date under clause (f) of the definition of "Permitted Liens" and may not be reclassified.

"<u>Person</u>" means any individual, partnership, corporation, company, limited liability company, business trust, joint stock company, trust, unincorporated association, joint venture, government or any agency or political subdivision thereof or any other entity of whatever nature.

"<u>Place of Payment</u>" means a city or any political subdivision thereof in which any Paying Agent appointed pursuant to <u>Article</u> <u>III</u> is located.

"<u>Predecessor Notes</u>" of any particular Note means every previous Note evidencing all or a portion of the same debt as that evidenced by such particular Note; and, for the purposes of this definition, any Note authenticated and delivered under <u>Section</u> <u>306</u> in lieu of a mutilated, lost, destroyed or stolen Note shall be deemed to evidence the same debt as the mutilated, lost, destroyed or stolen Note.

"<u>Preferred Equity Financing</u>" means the sale of 800,000 Series A Cumulative Convertible Participating Preferred Shares, par value $1.00 per share of the Company to the Investors at a purchase price of $1,000 per share for an aggregate purchase price of $800.0 million.

"<u>Preferred Stock</u>" as applied to the Capital Stock of any corporation or company means Capital Stock of any class or classes (however designated) that by its terms is preferred as to the payment of dividends, or as to the distribution of assets upon any voluntary or involuntary liquidation or dissolution of such corporation or company, over Capital Stock of any other class of such corporation or company.

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"<u>Purchase</u>" is as defined in clause (4) of the definition of "Consolidated Coverage Ratio."

"<u>Purchase Money Obligations</u>" means any Indebtedness Incurred to finance or refinance the acquisition, leasing, construction or improvement of property (real or personal) or assets, and whether acquired through the direct acquisition of such property or assets or the acquisition of the Capital Stock of any Person owning such property or assets, or otherwise.

"<u>QIB</u>" means a "qualified institutional buyer," as that term is defined in Rule 144A.

"<u>Rating Agency</u>" means Moody's or S&P or, if Moody's or S&P or any combination thereof shall not make a rating on the applicable security or instrument, including the Notes, publicly available, a nationally recognized statistical rating agency or agencies, as the case may be, selected by the Company which shall be substituted for Moody's or S&P or any combination thereof, as the case may be.

"<u>Ratio Incremental Facility</u>" is as defined in <u>Section</u> <u>407(b)(i)</u>.

"<u>Receivable</u>" means a right to receive payment pursuant to an arrangement with another Person pursuant to which such other Person is obligated to pay, as determined in accordance with GAAP.

"<u>Receivables Financing Agreement</u>" means the Credit and Security Agreement, dated as of June 20, 2023, by and among Columbus McKinnon FinCo, LLC, as borrower, the Company, as initial servicer, the several banks and other financial institutions from time to time party thereto, and Wells Fargo Bank, National Association, as a lender and in its capacity as administrative agent for the lenders party thereto, as amended by the First Amendment to Credit and Security Agreement, dated as of September 20, 2023, the Second Amendment to Credit and Security Agreement, dated as of October 19, 2023, and the Third Amendment to Credit and Security Agreement, dated as of August 11, 2025, and as such agreement may be further amended, supplemented, waived or otherwise modified from time to time or refunded, refinanced, restructured, replaced, renewed, repaid, increased, decreased or extended from time to time (whether in whole or in part, whether with the original administrative agent and lenders or other agents and lenders or otherwise, and whether provided under the original Receivables Financing Agreement or one or more other agreements or otherwise), except to the extent such agreement, instrument or document expressly provides that it is not intended to be and is not a Receivables Financing Agreement. Any reference to the Receivables Financing Agreement hereunder shall be deemed a reference to each Receivables Financing Agreement then in existence.

"<u>Redemption Date</u>" when used with respect to any Note to be redeemed or purchased, means the date fixed for such redemption or purchase by or pursuant to this Indenture and the Notes.

"<u>refinance</u>" means refinance, refund, replace, renew, repay, modify, restate, defer, substitute, supplement, reissue, resell or extend (including pursuant to any defeasance or discharge mechanism); and the terms "<u>refinances</u>," "<u>refinanced</u>" and "<u>refinancing</u>" as used for any purpose in this Indenture shall have a correlative meaning.

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"<u>Refinancing Indebtedness</u>" means Indebtedness that is Incurred to refinance any Indebtedness (or unutilized commitments in respect of Indebtedness) existing on the date of this Indenture or Incurred (or established) in compliance with this Indenture (including Indebtedness of the Company that refinances Indebtedness (or unutilized commitments in respect of Indebtedness) of the Company or of any Restricted Subsidiary (to the extent permitted in this Indenture) and Indebtedness of any Restricted Subsidiary that refinances Indebtedness (or unutilized commitments in respect of Indebtedness) of the Company or another Restricted Subsidiary) including Indebtedness that refinances Refinancing Indebtedness, and Indebtedness Incurred pursuant to a commitment that refinances any Indebtedness or unutilized commitment; <u>provided</u> that (<u>1</u>) if the Indebtedness being refinanced is Subordinated Obligations or Guarantor Subordinated Obligations, the Refinancing Indebtedness has a final Stated Maturity at the time such Refinancing Indebtedness is Incurred that is the same as or later than the final Stated Maturity of the Indebtedness being refinanced (or, if earlier, the Notes) (provided that any applicable Refinancing Indebtedness may have an earlier maturity date (<u>1</u>) in the case of customary bridge financings, which, subject to customary conditions (as determined by the Company in good faith, which determination shall be conclusive), would either be automatically converted into or required to be exchanged for permanent financing which does not provide for such earlier maturity date, (<u>2</u>) pursuant to an escrow or similar arrangement with respect to the proceeds of such Refinancing Indebtedness or (<u>3</u>) arising on account of any mandatory principal redemption or payment by the Company or any Restricted Subsidiary pursuant to an "AHYDO saver" provision, and the Company's determination in good faith (which determination shall be conclusive) of the amount of any such "AHYDO saver" mandatory principal redemption or prepayment shall be conclusive and binding for all purposes under this Indenture), (<u>2</u>) such Refinancing Indebtedness is Incurred in an aggregate principal amount (or, if issued with original issue discount, with an aggregate issue price) that is equal to or less than the sum of (<u>x</u>) the aggregate principal amount then outstanding of the Indebtedness being refinanced, plus (<u>y</u>) an amount equal to any unutilized commitment relating to the Indebtedness being refinanced or otherwise then outstanding under a Debt Facility or other financing arrangement being refinanced to the extent the unutilized commitment being refinanced could be drawn in compliance with <u>Section</u> <u>407</u> immediately prior to such refinancing, plus (<u>z</u>) fees, underwriting discounts, premiums and other costs and expenses (including accrued and unpaid interest) Incurred or payable in connection with such refinancing and (<u>3</u>) Refinancing Indebtedness shall not include (<u>x</u>) Indebtedness of a Restricted Subsidiary that is not a Guarantor that refinances Indebtedness of the Company or a Guarantor that could not have been initially Incurred by such Restricted Subsidiary pursuant to <u>Section</u> <u>407</u> or (<u>y</u>) Indebtedness of the Company or a Restricted Subsidiary that refinances Indebtedness of an Unrestricted Subsidiary.

"<u>Regular Record Date</u>" means for the interest payable on any applicable Interest Payment Date means the January 15 or July 15, as applicable and whether or not a Business Day, immediately preceding such Interest Payment Date.

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"<u>Regulated Bank</u>" means (<u>x</u>) a banking organization with a consolidated combined capital and surplus of at least $5.0 billion that is (<u>i</u>) a U.S. depository institution the deposits of which are insured by the Federal Deposit Insurance Corporation; (<u>ii</u>) a corporation organized under Section 25A of the U.S. Federal Reserve Act of 1913; (<u>iii</u>) a branch, agency or commercial lending company of a foreign bank operating pursuant to approval by and under the supervision of the Board under 12 CFR part 211; (<u>iv</u>) a non-U.S. branch of a foreign bank managed and controlled by a U.S. branch referred to in clause (iii); or (<u>v</u>) any other U.S. or non-U.S. depository institution or any branch, agency or similar office thereof supervised by a bank regulatory authority in any jurisdiction or (<u>y</u>) any Affiliate of a Person set forth in clause (x) to the extent that (<u>1</u>) all of the Capital Stock of such Affiliate is directly or indirectly owned by either (<u>I</u>) such Person set forth in clause (x) or (<u>II</u>) a parent entity that also owns, directly or indirectly, all of the Capital Stock of such Person set forth in clause (x) and (<u>2</u>) such Affiliate is a securities broker or dealer registered with the SEC under Section 15 of the Exchange Act.

"<u>Regulation</u> <u>S</u>" means Regulation S under the Securities Act.

"<u>Regulation</u> <u>S Certificate</u>" means a certificate substantially in the form attached hereto as <u>Exhibit</u> <u>C</u>.

"<u>Related Business</u>" means those businesses in which the Company or any of its Subsidiaries is engaged on the Kito Crosby Acquisition Closing Date, or that are similar, related, complementary, incidental or ancillary thereto or extensions, developments or expansions thereof.

"<u>Resale Restriction Termination Date</u>" means, with respect to any Note, the date that is one year (or such other period as may hereafter be provided under Rule 144 under the Securities Act or any successor provision thereto as permitting the resale by non-affiliates of Restricted Securities without restriction) after the later of the original issue date in respect of such Note and the last date on which the Company or any Affiliate of the Company was the owner of such Note (or any Predecessor Note thereto).

"<u>Restricted Payment Transaction</u>" means any Restricted Payment permitted pursuant to <u>Section</u> <u>409</u>, any Permitted Payment, any Permitted Investment, or any transaction specifically excluded from the definition of the term "Restricted Payment" (including pursuant to the exception contained in clause (i) of such definition and the parenthetical exclusions contained in clauses (ii) and (iii) of such definition).

"<u>Restricted Period</u>" means the 40-day distribution compliance period as defined in Regulation S.

"<u>Restricted Security</u>" has the meaning assigned to such term in Rule 144(a)(3) under the Securities Act; <u>provided</u>, <u>however</u>, that the Trustee shall be entitled to receive, at its request, and conclusively rely on an Opinion of Counsel with respect to whether any Note constitutes a Restricted Security.

"<u>Restricted Subsidiary</u>" means any Subsidiary of the Company other than an Unrestricted Subsidiary. Unless the context otherwise requires, as used herein "Restricted Subsidiary" shall mean a Restricted Subsidiary of the Company.

"<u>Rule 144A</u>" means Rule 144A under the Securities Act.

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"<u>Royal Divestiture</u>" means collectively, (1) the contribution of the Company's hoist manufacturing facility in Damascus, Virginia, its chain manufacturing facility in Lexington, Tennessee and certain other assets to Royal NY Company Holdings LLC ("Royal Holdings") and (2) the disposition of the Company's equity interests in Royal Holdings pursuant to that certain Equity Purchase Agreement, dated as of January 13, 2026 (as amended, supplemented, waived or otherwise modified from time to time), among the Company, Royal Holdings and Star Hoist Intermediate, LLC.

"<u>S&P</u>" means Standard & Poor's Financial Services LLC, a division of S&P Global Inc., and its successors.

"<u>Sale</u>" is as defined in clause (3) of the definition of "Consolidated Coverage Ratio."

"<u>SEC</u>" means the U.S. Securities and Exchange Commission or any successor thereto.

"<u>Secured Obligations</u>" means "Obligations" as defined in the Collateral Agreement.

"<u>Secured Parties</u>" has the meaning assigned to such term in the Collateral Agreement.

"<u>Securities Act</u>" means the Securities Act of 1933, as amended from time to time.

"<u>Senior Credit Agreement</u>" means (i) prior to the Kito Crosby Acquisition Closing Date, that certain Amended and Restated Credit Agreement, dated as of May 14, 2021, by and among the Company, Columbus McKinnon EMEA GmbH, the lenders from time to time party thereto, JPMorgan Chase Bank, N.A., as the administrative agent, and the other agents party thereto, as amended by that certain First Amendment, dated as of November 30, 2021, that certain LIBOR Transition Amendment, dated as of May 8, 2023, that certain Second Amendment, date as of May 18, 2023 and that certain Third Amendment, dated as of June 26, 2023, that certain Fourth Amendment, dated as of March 18, 2024, and that certain Fifth Amendment, dated as of September 23, 2025, and (ii) on and after the Kito Crosby Acquisition Closing Date, the Company's Credit Agreement, to be dated on or about the Kito Crosby Acquisition Closing Date, among the Company, as borrower, Columbus McKinnon EMEA GMBH, as a borrower, the lenders and other financial institutions from time to time party thereto and JPMorgan Chase Bank, N.A., as administrative agent and collateral agent, and as such agreement may be further amended, supplemented, waived or otherwise modified from time to time or refunded, refinanced, restructured, replaced, renewed, repaid, increased, decreased or extended from time to time (whether in whole or in part, whether with the original administrative agent and lenders or other agents and lenders or otherwise, and whether provided under the original Senior Credit Agreement or one or more other credit agreements or otherwise), except to the extent such agreement, instrument or document expressly provides that it is not intended to be and is not a Senior Credit Agreement. Any reference to the Senior Credit Agreement hereunder shall be deemed a reference to each Senior Credit Agreement then in existence.

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"<u>Senior Credit Facility</u>" means the collective reference to the Senior Credit Agreement, any Loan Documents (as defined therein), any notes and letters of credit issued pursuant thereto and any guarantee and collateral agreement, patent, trademark and copyright security agreement, mortgages, letter of credit applications and other guarantees, pledge agreements, security agreements and collateral documents, and other instruments and documents executed and delivered pursuant to or in connection with any of the foregoing, in each case as the same may be amended, supplemented, waived or otherwise modified from time to time, or refunded, refinanced, restructured, replaced, renewed, repaid, increased, decreased or extended from time to time (whether in whole or in part, whether with the original agent and lenders or other agents and lenders or otherwise, and whether provided under the original Senior Credit Agreement or one or more other credit agreements, indentures (including this Indenture) or financing agreements or otherwise), except to the extent such agreement, instrument or document expressly provides that it is not intended to be and is not a Senior Credit Facility. Without limiting the generality of the foregoing, the term "Senior Credit Facility" shall include any agreement (<u>i</u>) changing the maturity of any Indebtedness Incurred thereunder or contemplated thereby, (<u>ii</u>) adding Subsidiaries of the Company as additional borrowers or guarantors thereunder, (<u>iii</u>) increasing or decreasing the amount of Indebtedness Incurred thereunder or available to be borrowed thereunder or (<u>iv</u>) otherwise altering the terms and conditions thereof.

"<u>Senior Credit Facility Agent</u>" means JPMorgan Chase Bank N.A., in its capacity as administrative agent and collateral agent under the Senior Credit Facility, or any successor administrative agent or collateral agent under the Senior Credit Facility.

"<u>Senior Indebtedness</u>" means any Indebtedness of the Company or any Restricted Subsidiary other than (<u>x</u>) in the case of the Company, Subordinated Obligations and (<u>y</u>) in the case of any Guarantor, Guarantor Subordinated Obligations.

"<u>Significant Subsidiary</u>" means any Restricted Subsidiary that would be a "significant subsidiary" of the Company within the meaning of Rule 1-02 under Regulation S-X promulgated by the SEC, as such Regulation is in effect on the Issue Date.

"<u>Special Purpose Entity</u>" means (<u>x</u>) any Special Purpose Subsidiary or (<u>y</u>) any other Person that is engaged in the business of (<u>i</u>) acquiring, selling, collecting, financing or refinancing Receivables, accounts (as defined in the Uniform Commercial Code or any analogous law, as in effect in any applicable jurisdiction from time to time), other accounts and/or other receivables, and/or related assets and/or (<u>ii</u>) financing or refinancing in respect of Capital Stock of any Special Purpose Subsidiary.

"<u>Special Purpose Financing</u>" means any financing or refinancing of assets (including pursuant to the Receivables Financing Agreement) consisting of or including Receivables of the Company or any Restricted Subsidiary that have been transferred to a Special Purpose Entity or made subject to a Lien in a Financing Disposition (including any financing or refinancing in respect of Capital Stock of a Special Purpose Subsidiary held by another Special Purpose Subsidiary).

"<u>Special Purpose Financing Expense</u>" means for any period, (<u>a</u>) the aggregate interest expense for such period on any Indebtedness of any Special Purpose Subsidiary that is a Restricted Subsidiary, which Indebtedness is not recourse to the Company or any Restricted Subsidiary that is not a Special Purpose Subsidiary (other than with respect to Special Purpose Financing Undertakings), and (<u>b</u>) Special Purpose Financing Fees.

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"<u>Special Purpose Financing Fees</u>" means distributions or payments made directly or by means of discounts with respect to any participation interest issued or sold in connection with, and other fees paid to a Person that is not a Restricted Subsidiary in connection with, any Special Purpose Financing.

"<u>Special Purpose Financing Undertakings</u>" means representations, warranties, covenants, indemnities, guarantees of performance and (subject to clause (y) of the proviso below) other agreements and undertakings entered into or provided by the Company or any of its Restricted Subsidiaries that the Company determines in good faith (which determination shall be conclusive) are customary or otherwise necessary or advisable in connection with a Special Purpose Financing or a Financing Disposition; <u>provided</u> that (<u>x</u>) it is understood that Special Purpose Financing Undertakings may consist of or include (<u>i</u>) reimbursement and other obligations in respect of notes, letters of credit, surety bonds and similar instruments provided for credit enhancement purposes, (<u>ii</u>) Hedging Obligations, or other obligations relating to Interest Rate Agreements, Currency Agreements or Commodities Agreements entered into by the Company or any Restricted Subsidiary, in respect of any Special Purpose Financing or Financing Disposition, or (<u>iii</u>) any Guarantee in respect of customary recourse obligations (as determined in good faith by the Company, which determination shall be conclusive) in connection with any Special Purpose Financing or Financing Disposition, including in respect of Liabilities in the event of any involuntary case commenced with the collusion of any Special Purpose Subsidiary or any Affiliate thereof, or any voluntary case commenced by any Special Purpose Subsidiary, under any applicable bankruptcy law, and (<u>y</u>) subject to the preceding clause (x), any such other agreements and undertakings shall not include any Guarantee of Indebtedness of a Special Purpose Subsidiary by the Company or a Restricted Subsidiary that is not a Special Purpose Subsidiary.

"<u>Special Purpose Subsidiary</u>" means any Subsidiary of the Company that (<u>a</u>) is engaged solely in (<u>x</u>) the business of (<u>i</u>) acquiring, selling, collecting, financing or refinancing Receivables, accounts (as defined in the Uniform Commercial Code or any analogous law, as in effect in any applicable jurisdiction from time to time) and other accounts and receivables (including any thereof constituting or evidenced by chattel paper, instruments or general intangibles), all proceeds thereof and all rights (contractual and other), collateral and other assets relating thereto, and/or (<u>ii</u>) owning or holding Capital Stock of any Special Purpose Subsidiary and/or engaging in any financing or refinancing in respect thereof, and (<u>y</u>) any business or activities incidental or related to such business, and (<u>b</u>) is designated as a "Special Purpose Subsidiary" by the Company.

"<u>Special Record Date</u>" for the payment of any Defaulted Interest means a date fixed by the Trustee pursuant to <u>Section</u> <u>307</u>.

"<u>Stated Maturity</u>" means, with respect to any Indebtedness, the date specified in such Indebtedness as the fixed date on which the payment of principal of such Indebtedness is due and payable, including pursuant to any mandatory redemption provision (but excluding any provision providing for the repurchase or repayment of such Indebtedness at the option of the holder thereof upon the happening of any contingency).

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"<u>Subordinated Obligations</u>" means any Indebtedness of the Company (whether outstanding on the Issue Date or thereafter Incurred) that is expressly subordinated in right of payment to the Notes pursuant to a written agreement.

"<u>Subsidiary</u>" of any Person means any corporation, association, partnership, limited liability company or other entity of which more than 50.0% of the total voting power of shares of Capital Stock or other equity interests (including partnership interests) entitled (without regard to the occurrence of any contingency) to vote in the election of directors, managers or trustees thereof is at the time owned or controlled, directly or indirectly, by (<u>i</u>) such Person or (<u>ii</u>) one or more Subsidiaries of such Person. Unless otherwise qualified, all references to a "<u>Subsidiary</u>" or to "<u>Subsidiaries</u>" in this Indenture shall refer to a Subsidiary or Subsidiaries of the Company.

"<u>Temporary Cash Investments</u>" means any of the following: (<u>i</u>) any investment in (<u>x</u>) direct obligations of the United States of America, Canada, the United Kingdom, Switzerland, a member state of the European Union or any country in whose currency funds are being held pending their application in the making of an investment, distribution or capital expenditure by the Company or a Restricted Subsidiary in that country or with such funds, or any agency or instrumentality of any thereof, or obligations Guaranteed by the United States of America, Canada, the United Kingdom, Switzerland or a member state of the European Union or any country in whose currency funds are being held pending their application in the making of an investment, distribution or capital expenditure by the Company or a Restricted Subsidiary in that country or with such funds, or any agency or instrumentality of any of the foregoing, or obligations guaranteed by any of the foregoing or (<u>y</u>) direct obligations of any foreign country recognized by the United States of America rated at least "A" by S&P or "A-2" by Moody's (or, in either case, the equivalent of such rating by such organization or, if no rating of S&P or Moody's then exists, the equivalent of such rating by any nationally recognized rating organization), (<u>ii</u>) overnight bank deposits, and investments in time deposit accounts, certificates of deposit, bankers' acceptances and money market deposits (or, with respect to foreign banks, similar instruments) maturing not more than one year after the date of acquisition thereof issued by (<u>x</u>) any bank or other institutional lender under a Debt Facility or any affiliate thereof or (<u>y</u>) a bank or trust company that is organized under the laws of the United States of America, any state thereof or any foreign country recognized by the United States of America having capital and surplus aggregating in excess of $250.0 million (or the foreign currency equivalent thereof) and whose long term debt is rated at least "A" by S&P or "A-2" by Moody's (or, in either case, the equivalent of such rating by such organization or, if no rating of S&P or Moody's then exists, the equivalent of such rating by any nationally recognized rating organization) at the time such Investment is made, (<u>iii</u>) repurchase obligations for underlying securities or instruments of the types described in clause (i) or (ii) above entered into with a bank meeting the qualifications described in clause (ii) above, (<u>iv</u>) Investments in commercial paper, maturing not more than 24 months after the date of acquisition, issued by a Person (other than that of the Company or any of its Subsidiaries), with a rating at the time as of which any Investment therein is made of "P-2" (or higher) according to Moody's or "A-2" (or higher) according to S&P (or, in either case, the equivalent of such rating by such organization or, if no rating of S&P or Moody's then exists, the

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equivalent of such rating by any nationally recognized rating organization), (<u>v</u>) Investments in securities maturing not more than 24 months after the date of acquisition issued or fully guaranteed by any state, commonwealth or territory of the United States of America, or by any political subdivision or taxing authority thereof, and rated at least "BBB-" by S&P or "Baa3" by Moody's (or, in either case, the equivalent of such rating by such organization or, if no rating of S&P or Moody's then exists, the equivalent of such rating by any nationally recognized rating organization), (<u>vi</u>) Indebtedness or Preferred Stock (other than of the Company or any of its Subsidiaries) having a rating of "A" or higher by S&P or "A2" or higher by Moody's (or, in either case, the equivalent of such rating by such organization or, if no rating of S&P or Moody's then exists, the equivalent of such rating by any nationally recognized rating organization), (<u>vii</u>) investment funds investing at least 90.0% of their assets in securities of the type described in clauses (i) through (vi) above (which funds may also hold cash pending investment and/or distribution), (<u>viii</u>) any money market deposit accounts issued or offered by a domestic commercial bank or a commercial bank organized and located in a country recognized by the United States of America, in each case, having capital and surplus in excess of $250.0 million (or the foreign currency equivalent thereof), or investments in money market funds subject to the risk limiting conditions of Rule 2a-7 (or any successor rule) of the SEC under the Investment Company Act of 1940, as amended, and (<u>ix</u>) similar investments approved by the Board of Directors in the ordinary course of business.

"<u>TIA</u>" means the Trust Indenture Act of 1939 (15 U.S.C. §§ 77aaa-77bbbb) as in effect on the date of this Indenture, except as otherwise provided herein.

"<u>Trade Payables</u>" means, with respect to any Person, any accounts payable or any indebtedness or monetary obligation to trade creditors created, assumed or guaranteed by such Person arising in the ordinary course of business in connection with the acquisition of goods or services.

"<u>Transaction Agreements</u>" means, collectively, (i) the Kito Crosby Purchase Agreement, (ii) the Kito Crosby Payments Administration Agreement, (iii) the Investment Agreement, and (iv) any agreement primarily providing for indemnification and/or contribution for the benefit of any Permitted Holder in respect of Liabilities resulting from, arising out of or in connection with, based upon or relating to (a) any management, consulting or advisory services, or any financing, underwriting or placement services or other investment banking activities to, for or in respect of the Company or any of its Subsidiaries, (b) any offering of securities or other financing activity or arrangement of or by the Company or any of its Subsidiaries or (c) any action or failure to act of or by the Company or any of its Subsidiaries (or any of their respective predecessors), in each case as the same may be amended, supplemented, waived or otherwise modified from time to time in accordance with the terms thereof.

"<u>Transaction Costs</u>" means all premiums, fees, costs and expenses incurred or payable by or on behalf of the Company or any of its Subsidiaries in connection with the Transactions (including, without limitation, any prepayment premiums, bonuses, foreign currency hedging costs incurred in connection with the consideration for the Transactions and any loan forgiveness and associated tax gross up payments and fees) or in connection with the negotiation, execution, delivery and performance of this Indenture and the transactions contemplated thereby, including to fund any original issue discount, upfront fees or legal fees and to grant and perfect any security interests.

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"<u>Transactions</u>" means the offering of the Initial Notes and the use of proceeds therefrom, the entry into and the borrowings under the Senior Credit Facility on or about the Kito Crosby Acquisition Closing Date and the use of proceeds therefrom, the Preferred Equity Financing and the use of proceeds therefrom, the consummation of the Kito Crosby Acquisition, the consummation of the Royal Divestiture and the use of proceeds therefrom, the repayment of the Existing Senior Credit Facility and the payment of fees and expenses in connection with each of the foregoing.

"<u>Treasury Rate</u>" means, with respect to a Redemption Date, the weekly average yield to maturity at the time of computation of United States Treasury securities with a constant maturity (as compiled and published in the most recent Federal Reserve Statistical Release H.15(519) that has become publicly available at least two Business Days prior to the date of the applicable redemption notice (or, if such Statistical Release is no longer published or the relevant information does not appear thereon, any publicly available source of similar market data)) most nearly equal to the period from such Redemption Date to February 1, 2029; <u>provided</u>, <u>however</u>, that if the period from the Redemption Date to such date is not equal to the constant maturity of a United States Treasury security for which a weekly average yield is given, the Treasury Rate shall be obtained by linear interpolation (calculated to the nearest one-twelfth of a year) from the weekly average yields of United States Treasury securities for which such yields are given, except that if the period from the Redemption Date to such date is less than one year, the weekly average yield on actually traded United States Treasury securities adjusted to a constant maturity of one year shall be used.

"<u>Trust Officer</u>" means any officer within the corporate trust department of the Trustee, including any director, vice president, assistant vice president, associate or any other officer of the Trustee who customarily performs functions similar to those performed by the Person who at the time shall be such officers, respectively, or to whom any corporate trust matter is referred because of such person's knowledge of and familiarity with the particular subject, in each case, who shall have direct responsibility for the administration of this Indenture.

"<u>Trustee</u>" means the party named as such in this Indenture until a successor replaces it and, thereafter, means the successor.

"<u>Uniform Commercial Code</u>" means, except as otherwise provided herein, the Uniform Commercial Code as from time to time in effect in the State of New York from time to time.

"<u>Unrestricted Subsidiary</u>" means (<u>i</u>) any Subsidiary of the Company that at the time of determination is an Unrestricted Subsidiary, as designated by the Board of Directors in the manner provided below, and (<u>ii</u>) any Subsidiary of an Unrestricted Subsidiary. The Board of Directors may designate any Subsidiary of the Company (including any newly acquired or newly formed Subsidiary of the Company) to be an Unrestricted Subsidiary unless such Subsidiary or any of its Subsidiaries owns any Capital Stock or Indebtedness of, or owns or holds any Lien on any property of, the Company or any other Restricted Subsidiary of the Company that is not a

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Subsidiary of the Subsidiary to be so designated; <u>provided</u>, that (<u>A</u>) such designation was made at or prior to the Issue Date, or (<u>B</u>) the Subsidiary to be so designated has total consolidated assets of $1,000 or less or (<u>C</u>) if such Subsidiary has consolidated assets greater than $1,000, then such designation would be permitted under <u>Section</u> <u>409</u> and (<u>D</u>) immediately after such designation, no Event of Default under <u>Sections 601(i)</u>, <u>(ii)</u> or <u>(viii)</u> shall have occurred and be continuing. The Board of Directors may designate any Unrestricted Subsidiary to be a Restricted Subsidiary; <u>provided</u> that immediately after giving effect to such designation (<u>1</u>) (<u>w</u>) the Company could Incur at least $1.00 of additional Indebtedness under <u>Section</u> <u>407(a)</u> or <u>Section</u> <u>407(b)(xvii)</u>, (<u>x</u>) the Consolidated Coverage Ratio would be equal to or greater than it was immediately prior to giving effect to such designation, (<u>y</u>) the Consolidated Total Leverage Ratio would be equal to or less than it was immediately prior to giving effect to such designation or (<u>z</u>) such Subsidiary shall be a Special Purpose Subsidiary with no Indebtedness outstanding other than Indebtedness that can be Incurred (and upon such designation shall be deemed to be Incurred and outstanding) pursuant to <u>Section</u> <u>407(b)</u> and (<u>2</u>) immediately after such designation, no Event of Default under <u>Sections 601(i)</u>, <u>(ii)</u> or <u>(viii)</u> shall have occurred and be continuing. Any such designation by the Board of Directors shall be evidenced to the Trustee by promptly filing with the Trustee a copy of the resolution of the Company's Board of Directors giving effect to such designation and an Officer's Certificate of the Company certifying that such designation complied with the foregoing provisions.

"<u>U.S. Government Obligation</u>" means (<u>x</u>) any security that is (<u>i</u>) a direct obligation of the United States of America for the payment of which the full faith and credit of the United States of America is pledged or (<u>ii</u>) an obligation of a Person controlled or supervised by and acting as an agency or instrumentality of the United States of America the payment of which is unconditionally guaranteed as a full faith and credit obligation by the United States of America, which, in either case under the preceding clause (i) or (ii) is not callable or redeemable at the option of the issuer thereof, and (<u>y</u>) any depositary receipt issued by a bank (as defined in Section 3(a)(2) of the Securities Act) as custodian with respect to any U.S. Government Obligation that is specified in clause (x) above and held by such bank for the account of the holder of such depositary receipt, or with respect to any specific payment of principal of or interest on any U.S. Government Obligation that is so specified and held; <u>provided</u> that (except as required by law) such custodian is not authorized to make any deduction from the amount payable to the holder of such depositary receipt from any amount received by the custodian in respect of the U.S. Government Obligation or the specific payment of principal or interest evidenced by such depositary receipt.

"<u>Vendor Collateral</u>" means with respect to a Vendor Financing Arrangement, the goods, services or equipment (and any proceeds thereof) of the Company or any Restricted Subsidiary, now owned or hereafter acquired, that were financed with such Vendor Financing Arrangement.

"<u>Vendor Financing Arrangement</u>" means any supply chain financing arrangement, structured vendor payable program, payables financing arrangement, reverse factoring arrangement or any other similar arrangement or program pursuant to which the Company or any of its Restricted Subsidiaries provides a vendor an option to factor such vendor's receivables from the Company or such Restricted Subsidiary to a bank or financial institution.

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"<u>Voting Stock</u>" of an entity means all classes of Capital Stock of such entity then outstanding and normally entitled to vote in the election of directors or all interests in such entity with the ability to control the management or actions of such entity.

"<u>Wholly-Owned Domestic Subsidiary</u>" means as to any Person, any Domestic Subsidiary of such Person of which such Person owns, directly or indirectly through one or more Wholly-Owned Domestic Subsidiaries, all of the Capital Stock of such Domestic Subsidiary other than directors qualifying shares or shares held by nominees.

Section 102. <u>Other Definitions</u>.

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| | |
|:---|:---|
| Term | Defined in<br>Section |
| "Acquisition Coverage Ratio Tested Committed Amount" | 407 |
| "Acquisition Leverage Ratio Tested Committed Amount" | 407 |
| "Act" | 108 |
| "Affiliate Global Notes" | 201 |
| "Affiliate Physical Notes" | 201 |
| "Affiliate Transaction" | 412 |
| "Agent Members" | 312 |
| "Alternate Offer" | 415 |
| "Amendment" | 410 |
| "Authentication Order" | 303 |
| "Bankruptcy Law" | 601 |
| "Certificate of Beneficial Ownership" | 313 |
| "Change of Control Offer" | 415 |
| "Change of Control Payment" | 415 |
| "Company Listing" | 1411 |
| "Covenant Defeasance" | 1203 |
| "Coverage Ratio Tested Committed Amount" | 407 |
| "Custodian" | 601 |
| "Debt Secured Leverage Ratio Tested Committed Amount" | 407 |
| "Declined Collateral Excess Proceeds" | 411 |
| "Declined Excess Proceeds" | 411 |
| "Default Direction" | 907 |
| "Defaulted Interest" | 307 |
| "Defeasance" | 1202 |
| "Defeased Notes" | 1201 |
| "Division" | 122 |
| "Earnings Call" | 405 |
| "End Date" | 1002 |
| "Event of Default" | 601 |
| "Excess Collateral Proceeds" | 411 |
| "Excess Proceeds" | 411 |
| "Expiration Date" | 108 |
| "Financial Incurrence Tests" | 121 |

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| | |
|:---|:---|
| Term | Defined in<br>Section |
| "Fixed Amounts" | 121 |
| "Global Notes" | 201 |
| "Grower Tested Committed Amount" | 407 |
| "Incurrence Based Amounts" | 128 |
| "Initial Agreement" | 410 |
| "Initial Lien" | 413 |
| "Interest Payment Date" | 301 |
| "Kito Crosby Acquisition Deadline" | 1002 |
| "LCT Election" | 121 |
| "LCT Test Date" | 121 |
| "Limited Condition Transaction" | 411 |
| "Leveraged Excess Collateral Proceeds" | 411 |
| "Leverage Excess Proceeds" | 411 |
| "Liens First Lien Leverage Ratio Tested Committed Amount" | 101 |
| "Minimum Denomination" | 302 |
| "Net Available Cash Amount" | 411 |
| "Note Guaranteed Obligations" | 1301 |
| "Note Register" and "Note Registrar" | 305 |
| "Notice of Default" | 601 |
| "Offer" | 411 |
| "Other Assets" | 411 |
| "Patriot Act" | 129 |
| "Permitted Payment" | 409 |
| "Physical Notes" | 201 |
| "Private Placement Legend" | 203 |
| "Redemption Amount" | 1009 |
| "Refinancing Agreement" | 410 |
| "Refunding Capital Stock" | 409 |
| "Regulation S Global Notes" | 201 |
| "Regulation S Physical Notes" | 201 |
| "Reinvestment Period" | 411 |
| "Reporting Date" | 405 |
| "Restricted Payment" | 409 |
| "Reversion Time" | 416 |
| "Rule 144A Global Notes" | 201 |
| "Rule 144A Physical Notes" | 201 |
| "Special Mandatory Redemption" | 1002 |
| "Special Mandatory Redemption Date" | 1002 |
| "Special Mandatory Redemption Price" | 1002 |
| "Successor Company" | 501 |
| "Suspended Covenants" | 416 |
| "Suspension Date" | 416 |
| "Suspension Period" | 416 |
| "Treasury Capital Stock" | 409 |
| "Trustee" | 1205 |

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Section 103. <u>Rules of Construction</u>. For all purposes of this Indenture, except as otherwise expressly provided or unless the context otherwise requires:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the terms defined in this Indenture have the meanings assigned to them in this Indenture;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) "<u>or</u>" is not exclusive;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) all accounting terms not otherwise defined herein have the meanings assigned to them in accordance with GAAP;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) the words "<u>herein</u>," "<u>hereof</u>," "<u>hereto</u>" and "<u>hereunder</u>" and other words of similar import refer to this Indenture as a whole and not to any particular Article, Section or other subdivision;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5) all references to "<u>$</u>" or "<u>dollars</u>" shall refer to the lawful currency of the United States of America;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6) the words "<u>include</u>," "<u>included</u>" and "<u>including</u>," as used herein, shall be deemed in each case to be followed by the phrase "<u>without limitation</u>," if not expressly followed by such phrase or the phrase "<u>but not limited to</u>";

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7) words in the singular include the plural, and words in the plural include the singular;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(8) references to sections of, or rules under, the Securities Act shall be deemed to include substitute, replacement or successor sections or rules adopted by the SEC from time to time;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(9) any reference to a Section, Article or clause refers to such Section, Article or clause of this Indenture;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(10) notwithstanding any provision of this Indenture, no provision of the TIA shall apply or be incorporated by reference into this Indenture or the Notes, except as specifically set forth in this Indenture; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(11) unless otherwise provided in this Indenture or in any Note, the words "execute", "execution", "signed", and "signature" and words of similar import used in or related to any document to be signed in connection with this Indenture, any Note or any of the transactions contemplated hereby (including amendments, waivers, consents and other modifications) shall be deemed to include electronic signatures and the keeping of records in electronic form, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature in ink or the use of a paper-based recordkeeping system, as

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applicable, to the fullest 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, and any other similar state laws based on the Uniform Electronic Transactions Act, <u>provided</u> that, notwithstanding anything herein to the contrary, the Trustee and Note Collateral Agent are not under any obligation to agree to accept electronic signatures in any form or in any format unless expressly agreed to by the Trustee or Note Collateral Agent pursuant to procedures approved by the Trustee or Note Collateral Agent.

Section 104. <u>[Reserved]</u>.

Section 105. <u>[Reserved]</u>.

Section 106. <u>Compliance Certificates and Opinions</u>. Upon any application or request by the Company or by any other obligor upon the Notes (including any Guarantor) to the Trustee or the Note Collateral Agent to take any action under any provision of this Indenture, the Company or such other obligor (including any Guarantor), as the case may be, shall furnish to the Trustee or the Note Collateral Agent such certificates (other than on the Issue Date in connection with (<u>i</u>) the issuance, authentication and delivery of the Initial Notes, (<u>ii</u>) a supplemental indenture pursuant to <u>Sections 501(a)(i)</u> or <u>501(b)</u> or (<u>iii</u>) the addition of new Guarantors and opinions (other than (<u>x</u>) on the Issue Date, in connection with (<u>i</u>) the issuance, authentication and delivery of the Initial Notes or (<u>ii</u>) a supplemental indenture pursuant to <u>Sections 501(a)(i)</u> or <u>501(b)</u> and (<u>y</u>) in connection with (<u>i</u>) the release, discharge and termination of a Note Guarantee or (<u>ii</u>) the addition of new Guarantors as may be required under this Indenture. Each such certificate or opinion shall be given in the form of one or more Officer's Certificates, if to be given by an Officer, or an Opinion of Counsel, if to be given by counsel, and shall comply with the requirements of this Indenture. Notwithstanding the foregoing, in the case of any such request or application as to which the furnishing of any Officer's Certificate or Opinion of Counsel is specifically required by any provision of this Indenture relating to such particular request or application, no additional certificate or opinion need be furnished.

Every certificate or opinion with respect to compliance with a condition or covenant provided for in this Indenture (except for certificates provided for in <u>Section</u> <u>406</u>) shall include:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) a statement that the individual signing such certificate or opinion has read such covenant or condition, as applicable, and the definitions herein relating thereto;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) a brief statement as to the nature and scope of the examination or investigation upon which the statements or opinions contained in such certificate or opinion are based;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) a statement that, in the opinion of such individual, he or she made such examination or investigation as is necessary to enable him or her to express an informed opinion as to whether or not such covenant or condition, as applicable, has been complied with; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) a statement as to whether, in the opinion of such individual, such condition or covenant, as applicable, has been complied with.

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Section 107. <u>Form of Documents Delivered to Trustee</u>. In any case where several matters are required to be certified by, or covered by an opinion of, any specified Person, it is not necessary that all such matters be certified by, or covered by the opinion of, only one such Person, or that they be so certified or covered by only one document, but one such Person may certify or give an opinion with respect to some matters and one or more other such Persons as to other matters, and any such Person may certify or give an opinion as to such matters in one or several documents.

Any certificate or opinion of an Officer may be based, insofar as it relates to legal matters, upon a certificate or opinion of, or representations by, counsel, unless such Officer knows that the certificate or opinion or representations with respect to the matters upon which his certificate or opinion is based are erroneous. Any such certificate or opinion of counsel may be based, insofar as it relates to factual matters, upon a certificate or opinion of, or representations by, an Officer or Officers to the effect that the information with respect to such factual matters is in the possession of the Company, unless such counsel knows that the certificate or opinion or representations with respect to such matters are erroneous.

Where any Person is required to make, give or execute two or more applications, requests, consents, certificates, statements, opinions or other instruments under this Indenture, they may, but need not, be consolidated and form one instrument.

Section 108. <u>Acts of Noteholders; Record Dates</u>. Any request, demand, authorization, direction, notice, consent, waiver or other action provided by this Indenture to be given or taken by Holders may be embodied in and evidenced by one or more instruments of substantially similar tenor signed by such Holders in person or by an agent duly appointed in writing; and, except as herein otherwise expressly provided, such action shall become effective when such instrument or instruments are delivered to the Trustee, and, where it is hereby expressly required, to the Company, as the case may be. Such instrument or instruments (and the action embodied therein and evidenced thereby) are herein sometimes referred to as the "<u>Act</u>" of the Holders signing such instrument or instruments. Proof of execution of any such instrument or of a writing appointing any such agent shall be sufficient for any purpose of this Indenture and (subject to <u>Section</u> <u>701</u>) conclusive in favor of the Trustee, the Note Collateral Agent, the Company, and any other obligor upon the Notes, if made in the manner provided in this <u>Section</u> <u>108</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The fact and date of the execution by any Person of any such instrument or writing may be proved by the affidavit of a witness of such execution or by the certificate of any notary public or other officer authorized by law to take acknowledgments of deeds, certifying that the individual signing such instrument or writing acknowledged to him or her the execution thereof. Where such execution is by an officer of a corporation or a member of a partnership or other legal entity other than an individual, on behalf of such corporation or partnership or entity, such certificate or affidavit shall also constitute sufficient proof of such Person's authority. The fact and date of the execution of any such instrument or writing, or the authority of the person executing the same, may also be proved in any other manner that the Trustee deems sufficient.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The ownership of Notes shall be proved by the Note Register.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Any request, demand, authorization, direction, notice, consent, waiver or other action by the Holder of any Note shall bind the Holder of every Note issued upon the transfer thereof or in exchange therefor or in lieu thereof, in respect of anything done, suffered or omitted to be done by the Trustee, the Company or any other obligor upon the Notes in reliance thereon, whether or not notation of such action is made upon such Note.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The Company may set any day as a record date for the purpose of determining the Holders of Outstanding Notes entitled to give, make or take any request, demand, authorization, direction, notice, consent, waiver or other action provided or permitted by this Indenture to be given, made or taken by Holders of Notes, provided that the Company may not set a record date for, and the provisions of this paragraph shall not apply with respect to, the giving or making of any notice, declaration, request or direction referred to in the next paragraph. If any record date is set pursuant to this paragraph, the Holders of Outstanding Notes on such record date (or their duly designated proxies), and no other Holders, shall be entitled to take the relevant action, whether or not such Persons remain Holders after such record date; <u>provided</u> that no such action shall be effective hereunder unless taken on or prior to the applicable Expiration Date by Holders of the requisite principal amount of Outstanding Notes on such record date. Nothing in this paragraph shall be construed to prevent the Company from setting a new record date for any action for which a record date has previously been set pursuant to this paragraph (whereupon the record date previously set shall automatically and with no action by any Person be cancelled and of no effect), and nothing in this paragraph shall be construed to render ineffective any action taken by Holders of the requisite principal amount of Outstanding Notes on the date such action is taken. Promptly after any record date is set pursuant to this paragraph, the Company, at its expense, shall cause notice of such record date, the proposed action by Holders and the applicable Expiration Date to be given to the Trustee in writing and to each Holder of Notes in the manner set forth in <u>Section</u> <u>110</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) The Trustee may set any day as a record date for the purpose of determining the Holders of Outstanding Notes entitled to join in the giving or making of (<u>A</u>) any Notice of Default, (<u>B</u>) any declaration of acceleration referred to in <u>Section</u> <u>602</u>, (<u>C</u>) any request to institute proceedings referred to in <u>Section</u> <u>607(ii)</u> or (<u>D</u>) any direction referred to in <u>Section</u> <u>612</u>, in each case with respect to Notes. If any record date is set pursuant to this paragraph, the Holders of Outstanding Notes on such record date, and no other Holders, shall be entitled to join in such notice, declaration, request or direction, whether or not such Holders remain Holders after such record date; <u>provided</u> that no such action shall be effective hereunder unless taken on or prior to the applicable Expiration Date by Holders of the requisite principal amount of Outstanding Notes on such record date. Nothing in this paragraph shall be construed to prevent the Trustee from setting a new record date for any action for which a record date has previously been set pursuant to this paragraph (whereupon the record date previously set shall automatically and with no action by any Person be cancelled and of no effect), and nothing in this paragraph shall be construed to render ineffective any action taken by Holders of the requisite principal amount of Outstanding Notes on the date such action is taken. Promptly after any record date is set pursuant to this paragraph, the Trustee, at the Company's expense, shall cause notice of such record date, the proposed action by Holders and the applicable Expiration Date to be given to the Company in writing and to each Holder of Notes in the manner set forth in <u>Section</u> <u>110</u>.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) With respect to any record date set pursuant to this <u>Section</u> <u>108</u>, the party hereto that sets such record dates may designate any day as the "<u>Expiration Date</u>" and from time to time may change the Expiration Date to any earlier or later day; <u>provided</u> that no such change shall be effective unless notice of the proposed new Expiration Date is given to the Company or the Trustee, whichever such party is not setting a record date pursuant to this <u>Section</u> <u>108(e)</u> in writing, and to each Holder of Notes in the manner set forth in <u>Section</u> <u>110</u>, on or prior to the existing Expiration Date. If an Expiration Date is not designated with respect to any record date set pursuant to this <u>Section</u> <u>108</u>, the party hereto that set such record date shall be deemed to have initially designated the 180th day after such record date as the Expiration Date with respect thereto, subject to its right to change the Expiration Date as provided in this paragraph. Notwithstanding the foregoing, no Expiration Date shall be later than the 180th day after the applicable record date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) Without limiting the foregoing, a Holder entitled hereunder to take any action hereunder with regard to any particular Note may do so with regard to all or any part of the principal amount of such Note or by one or more duly appointed agents each of which may do so pursuant to such appointment with regard to all or any part of such principal amount.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) Without limiting the generality of the foregoing, a Holder, including the Depositary, that is the Holder of a Global Note, may make, give or take, by a proxy or proxies duly appointed in writing, any request, demand, authorization, direction, notice, consent, waiver or other action provided in this Indenture to be made, given or taken by Holders, and the Depositary, as the Holder of a Global Note, may provide its proxy or proxies to the beneficial owners of interests in any such Global Note through such depositary's standing instructions and customary practices.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) The Company may fix a record date for the purpose of determining the persons who are beneficial owners of interests in any Global Note held by the Depositary entitled under the procedures of such depositary to make, give or take, by a proxy or proxies duly appointed in writing, any request, demand, authorization, direction, notice, consent, waiver or other action provided in this Indenture to be made, given or taken by Holders. If such a record date is fixed, the Holders on such record date or their duly appointed proxy or proxies, and only such persons, shall be entitled to make, give or take such request, demand, authorization direction, notice consent, waiver or other action, whether or not such Holders remain Holders after such record date. No such request, demand, authorization, direction, notice, consent, waiver or other action shall be valid or effective if made, given or taken more than 90 days after such record date.

Section 109. <u>Notices, Etc., to Trustee, Note Collateral Agent and Company</u>. Any request, demand, authorization, direction, notice, consent, waiver or Act of Holders or other document provided or permitted by this Indenture to be made upon, given or furnished to, or filed with,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Trustee by any Holder, by the Note Collateral Agent or by the Company or by any other obligor upon the Notes shall be sufficient for every purpose hereunder if made, given, furnished or filed in writing to or with the Trustee at Wilmington Trust, National Association, Global Capital Markets, 99 Wood Avenue South, Suite 1000, Iselin, NJ 08830, Attention: Columbus McKinnon Corporation Administrator (telephone: (732) 476-6140; facsimile: (302) 636-4149; email: lelvin@wilmingtontrust.com) or at any other address furnished in writing to the Company by the Trustee,

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the Note Collateral Agent by any Holder, by the Trustee or by the Company or by any obligor upon the Notes shall be sufficient for every purpose hereunder if made, given, furnished or filed in writing to or with the Note Collateral Agent at Wilmington Trust, National Association, Global Capital Markets, 99 Wood Avenue South, Suite 1000, Iselin, NJ 08830, Attention: Columbus McKinnon Corporation Administrator (telephone: (732) 476-6140; facsimile: (302) 636-4149; email: lelvin@wilmingtontrust.com), or at any other address furnished in writing to the Trustee and the Company by the Note Collateral Agent,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) the Company by the Trustee, by the Note Collateral Agent or by any Holder shall be sufficient for every purpose hereunder if in writing and mailed, first class postage prepaid, to the Company at 13320 Ballantyne Corporate Place, Suite D, Charlotte, NC 28277 (email: greg.rustowicz@cmco.com); Attention: Greg Rustowicz, Executive Vice President Finance & CFO; with copies (which shall not constitute notice) to DLA Piper LLP (US) at 1251 Avenue of the Americas, 27th Floor, New York, New York 10001 (email: jamie.knox@us.dlapiper.com), Attention: Jamie Knox, Esq., or at any other address furnished in writing to the Trustee and the Note Collateral Agent by the Company, or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) the Company, the Note Collateral Agent or the Trustee, by notice to the others, may designate additional or different addresses for subsequent notices or communications.

Section 110. <u>Notices to Holders; Waiver</u>. Where this Indenture provides for notice to Holders of any event, such notice shall be sufficiently given (unless otherwise herein expressly provided) if in writing and mailed, first class postage prepaid, or by overnight air courier guaranteeing next day delivery, to each Holder affected by such event, at such Holder's address as it appears in the Note Register, not later than the latest date, and not earlier than the earliest date, prescribed for the giving of such notice. In any case where notice to Holders is given by mail, neither the failure to mail such notice, nor any defect in any notice so mailed, to any particular Holder shall affect the sufficiency of such notice with respect to other Holders.

Where this Indenture provides for notice in any manner, such notice may be waived in writing by the Person entitled to receive such notice, either before or after the event, and such waiver shall be the equivalent of such notice. Waivers of notice by Holders shall be filed with the Trustee, but such filing shall not be a condition precedent to the validity of any action taken in reliance upon such waiver.

In case, by reason of the suspension of regular mail service, or by reason of any other cause, it shall be impossible to mail notice of any event as required by any provision of this Indenture, then such notification as shall be made with the approval of the Trustee (such approval not to be unreasonably withheld) shall constitute a sufficient notification for every purpose hereunder.

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Notwithstanding any other provision of this Indenture or any Note, where this Indenture or any Note provides for notice of any event (including any notice of redemption) to a Holder of a Global Note (whether by mail or otherwise), such notice shall be sufficiently given if given to the Depositary for such Note (or its designee) pursuant to the customary procedures of such Depositary (including delivery by electronic mail).

Section 111. <u>Effect of Headings and **Table of Contents**</u>. The Article and Section headings herein and the **Table of Contents** are for convenience only and shall not affect the construction hereof.

Section 112. <u>Successors and Assigns</u>. All covenants and agreements in this Indenture by the Company shall bind its respective successors and assigns, whether so expressed or not. All agreements of the Trustee in this Indenture shall bind its successors. All agreements of the Note Collateral Agent in this Indenture shall bind its successors.

Section 113. <u>Separability Clause</u>. In case any provision in this Indenture or in the Notes shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby.

Section 114. <u>Benefits of Indenture</u>. Nothing in this Indenture or in the Notes, express or implied, shall give to any Person, other than the parties hereto and their successors hereunder, any Paying Agent and the Holders, any benefit or any legal or equitable right, remedy or claim under this Indenture.

Section 115. <u>GOVERNING LAW</u>. THIS INDENTURE AND THE NOTES SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. THE TRUSTEE, THE NOTE COLLATERAL AGENT, THE COMPANY, ANY OTHER OBLIGOR IN RESPECT OF THE NOTES, EACH GUARANTOR AND (BY THEIR ACCEPTANCE OF THE NOTES) THE HOLDERS AGREE TO SUBMIT TO THE EXCLUSIVE JURISDICTION OF ANY UNITED STATES FEDERAL OR STATE COURT LOCATED IN THE BOROUGH OF MANHATTAN, IN THE CITY OF NEW YORK IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS INDENTURE OR THE NOTES.

Section 116. <u>Legal Holidays</u>. In any case where any Interest Payment Date, Redemption Date or Stated Maturity of any Note shall not be a Business Day at any Place of Payment, then (notwithstanding any other provision of this Indenture or of the Notes) payment of interest or principal and premium (if any) need not be made at such Place of Payment on such date, but may be made on the next succeeding Business Day at such Place of Payment with the same force and effect as if made on the Interest Payment Date or Redemption Date, or at the Stated Maturity, and no interest shall accrue on such payment for the intervening period.

Section 117. <u>No Personal Liability of Directors, Officers, Employees, Incorporators and Stockholders</u>. No director, officer, employee, incorporator or stockholder of the Company, any Guarantor or any Subsidiary of any thereof shall have any liability for any obligation of the Company or any Guarantor under this Indenture, the Notes, any Note Guarantee, the Note Security Documents or the Intercreditor Agreements, or for any claim based on, in respect of, or by reason of, any such obligation or its creation. Each Noteholder, by accepting the Notes, waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Notes.

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Section 118. <u>Exhibits and Schedules</u>. All exhibits and schedules attached hereto are by this reference made a part hereof with the same effect as if herein set forth in full.

Section 119. <u>Counterparts</u>. This Indenture may be executed in any number of counterparts, each of which shall be an original; but such counterparts shall together constitute but one and the same instrument.

Section 120. <u>Force Majeure</u>. To the extent permitted by the TIA, in no event shall the Trustee or the Note Collateral Agent be responsible or liable for any failure or delay in the performance of its obligations hereunder arising out of or caused by, directly or indirectly, forces beyond its control, including, without limitation, any act or provision of any present or future law or regulation or governmental authority, strikes, work stoppages, accidents, acts of war or terrorism, epidemics or pandemics, civil or military disturbances, nuclear or natural catastrophes or acts of God, and interruptions, loss or malfunctions of utilities, communications or computer (software and hardware) services or the unavailability of the Federal Reserve Bank wire or telex or other wire or communication facility (it being understood that the Trustee or the Note Collateral Agent shall use reasonable best efforts which are consistent with accepted practices in the banking industry to resume performance as soon as practicable under the circumstances).

Section 121. <u>Limited Condition Transaction</u>. In connection with any Limited Condition Transaction and any related transactions (including any financing thereof), at the Company's election (an "<u>LCT Election</u>"), (<u>a</u>) compliance with any requirement relating to the absence of a Default, an Event of Default or a specified Default or Event of Default, as applicable, may be determined as of the date (<u>x</u>) a definitive agreement for such Limited Condition Transaction is entered into, (<u>y</u>) in connection with an acquisition to which the United Kingdom City Code on Takeovers and Mergers (or any equivalent thereof under the laws, rules or regulations in any other applicable jurisdiction) applies, on which a "Rule 2.7 announcement" of a firm intention to make an offer in respect of a target of a Limited Condition Transaction is made (or the equivalent notice under such equivalent laws, rules or regulations in such other applicable jurisdiction) or (<u>z</u>) notice of redemption, repurchase, defeasance, satisfaction and discharge or repayment of Indebtedness, Disqualified Stock or Preferred Stock is given (the "<u>LCT Test Date</u>") and not as of any later date as would otherwise be required under this Indenture, and (<u>b</u>) any calculation of the Consolidated Coverage Ratio, the Consolidated Secured Leverage Ratio, the Consolidated Total Leverage Ratio or any other financial measure, or any amount based on Consolidated Total Assets or Four Quarter Consolidated EBITDA (or a percentage thereof), or any other determination under any basket or ratio under this Indenture, or any other determination as to whether any such Limited Condition Transaction and any related transactions (including any financing thereof) complies with the covenants or agreements contained in this Indenture, may be made as of such LCT Test Date and, to the extent so made, will not be required to be made at any later date as would otherwise be required under this

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Indenture, giving pro forma effect to such Limited Condition Transaction and any related transactions (including any Incurrence or Discharge of Indebtedness and Liens and the use of proceeds thereof); <u>provided</u> that (<u>1</u>) if financial statements for one or more subsequent fiscal quarters or fiscal years shall have been delivered pursuant to the Company's reporting obligations under <u>Section</u> <u>405</u>, the Company may elect, in its sole discretion, to redetermine all such ratios, baskets or amounts on the basis of such financial statements, in which case, such date of redetermination shall thereafter be deemed to be the applicable LCT Test Date for purposes of such ratios, baskets or amounts and (<u>2</u>) except as contemplated in the foregoing clause (<u>1</u>), compliance with such ratios, baskets or amounts (and any related requirements and conditions) shall not be determined or tested at any time after the applicable LCT Test Date for such Limited Condition Transaction and any actions or transactions related thereto (including any Incurrence or Discharge of Indebtedness and Liens and the use of proceeds thereof). For purposes of determining compliance with any ratio, basket or amount on the applicable LCT Test Date, Consolidated Interest Expense for purposes of the Consolidated Coverage Ratio will be calculated using an assumed interest rate based on the indicative interest margin contained in any financing commitment documentation with respect to such Indebtedness or, if no such indicative interest margin exists, as determined by the Company in good faith, which determination shall be conclusive. For the avoidance of doubt, if the Company makes such an LCT Election and any of the ratios, baskets or amounts for which compliance was determined or tested as of the LCT Test Date are exceeded as a result of fluctuations in any such ratio, basket or amount, including due to fluctuations in exchange rates, in Consolidated Total Assets or in Consolidated EBITDA of the Company or the Person subject to such Limited Condition Transaction or any applicable currency exchange rate, at or prior to the consummation of the relevant transaction or action, such ratios, baskets or amounts will not be deemed to have been exceeded as a result of such fluctuations. If the Company makes such an LCT Election, any subsequent calculation of any such ratio, basket or amount (unless the definitive agreement for, or firm offer in respect of, such Limited Condition Transaction (in the case of an acquisition or Investment) is terminated or expires without its consummation or such notice of redemption, repurchase, defeasance, satisfaction and discharge or repayment is revoked or expires without consummation) shall be calculated on an equivalent pro forma basis. As used herein, the term "<u>Limited Condition Transaction</u>" means (<u>i</u>) an acquisition or an Investment that the Company or any Subsidiary thereof is contractually committed to consummate and whose consummation is not conditioned on the availability of, or on obtaining, third party financing, (<u>ii</u>) any prepayment, repurchase or redemption of Indebtedness or Preferred Stock requiring irrevocable notice in advance of such prepayment, repurchase or redemption or (<u>iii</u>) any dividends or distributions on, or redemptions of, Capital Stock in connection with an acquisition or Investment of the type set forth in clause (i) hereof and permitted under this Indenture.

Section 122. <u>Division</u>. Any reference herein to (<u>i</u>) a transfer, assignment, sale, disposition or transfer, or similar term, shall be deemed to apply to a division of or by a limited liability company or a limited partnership, as applicable, or an allocation of assets to a series of a limited liability company (collectively, a "<u>Division</u>"), as if it were a transfer, assignment, sale or transfer, or similar term, as applicable, to a separate Person, and (<u>ii</u>) a merger, consolidation, amalgamation or consolidation, or similar term, shall be deemed to apply to the division of or by a limited liability company, or an allocation of assets to a series of a limited liability company, or the unwinding of such a division or allocation, as if it were a merger, consolidation, amalgamation or consolidation or similar term, as applicable, with a separate Person.

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Section 123. <u>Intercreditor Agreements</u>. Each Holder, by its acceptance of Notes, (<u>a</u>) consents to the subordination of Liens on Collateral provided for in the Base Intercreditor Agreement (if and to the extent applicable), (<u>b</u>) agrees that it will be bound by and will take no actions contrary to the provisions of any Intercreditor Agreement and (<u>c</u>) authorizes and instructs the Note Collateral Agent to enter into each Intercreditor Agreement as a "Senior Priority Agent" thereunder, in each case, on behalf of such Holder.

Section 124. <u>Designation under Base Intercreditor Agreement</u>. This Indenture is a "Senior Priority Agreement" under and as defined in the Base Intercreditor Agreement.

Section 125. <u>Integration</u>. This Indenture, any supplemental indenture hereto, the Notes and the Note Security Documents represent the entire agreement of each of the Company, the Guarantors party hereto, the Trustee, the Note Collateral Agent and the Holders with respect to the subject matter hereof, and there are no promises, undertakings, representations or warranties by any of the Company, the Guarantors party hereto, the Trustee, the Note Collateral Agent or any Holder relative to the subject matter hereof not expressly set forth or referred to herein, in any supplemental indenture hereto, in the Notes or the Note Security Documents.

Section 126. <u>WAIVER OF JURY TRIAL</u>. EACH OF THE COMPANY, THE GUARANTORS, THE HOLDERS (BY THEIR ACCEPTANCE OF THE NOTES), THE NOTE COLLATERAL AGENT AND THE TRUSTEE HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES TRIAL BY JURY IN ANY LEGAL ACTION OR PROCEEDING RELATING TO THIS INDENTURE, ANY SUPPLEMENTAL INDENTURE HERETO, ANY NOTES OR ANY NOTE SECURITY DOCUMENT AND FOR ANY COUNTERCLAIM THEREIN.

Section 127. <u>Dollar Equivalent</u>. Subject to <u>Section</u> <u>407(d)</u>, when determining compliance with any basket, threshold, ratio or other amounts under this Indenture, the dollar equivalent shall be calculated as at the date of the incurrence or making of the relevant disposition, acquisition, Investment, Indebtedness or Restricted Payment or taking other relevant action or, upon the Company making an LCT Election, on the LCT Test Date; <u>provided</u> that (<u>x</u>) no Default or Event of Default or breach of any covenant or representation or warranty shall arise merely as a result of a change in the dollar equivalent of any relevant amount due to fluctuations in exchange rates and (<u>y</u>) the dollar equivalent principal or face amount of any Indebtedness or Investment outstanding on the Issue Date or, with respect to the Kito Crosby Entities, the Kito Crosby Acquisition Closing Date, shall be calculated based on the relevant currency exchange rate in effect on the Issue Date or, with respect to the Kito Crosby Entities, the Kito Crosby Acquisition Closing Date.

Section 128. <u>Calculation Determinations</u>. Notwithstanding anything to the contrary herein, (<u>i</u>) in calculating any Incurrence Based Amounts (including any Financial Incurrence Tests), any (<u>x</u>) revolving loans (under the Senior Credit Agreement or other revolving facility) concurrently incurred, (<u>y</u>) Indebtedness concurrently incurred to fund original issue discount and/or upfront fees and (<u>z</u>) amounts incurred, or transactions entered into or consummated, in reliance on a Fixed Amount in a concurrent transaction, a single transaction or a series of related transactions with the amount incurred, or transaction entered into or

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consummated, under the applicable Incurrence Based Amount, in each case of the foregoing clauses (x), (y) and (z), shall not be given effect in calculating the applicable Incurrence Based Amount (but giving pro forma effect to all applicable and related transactions (including the use of proceeds of all Indebtedness to be incurred and any repayments, repurchases and redemptions of Indebtedness) and all other pro forma adjustments); <u>provided</u> that, notwithstanding anything contained herein to the contrary, if the Company, at its option, has elected to Incur Indebtedness being Incurred on the date of determination (<u>x</u>) in part under a Financial Incurrence Test that requires compliance with a Consolidated First Lien Leverage Ratio, Consolidated Secured Leverage Ratio, Consolidated Total Leverage Ratio and/or Consolidated Coverage Ratio, as applicable, and (<u>y</u>) in part under a separate Financial Incurrence Test (which, for the avoidance of doubt, may not be based on the same Consolidated First Lien Leverage Ratio, Consolidated Secured Leverage Ratio, Consolidated Total Leverage Ratio and/or Consolidated Coverage Ratio, as applicable, as the Financial Incurrence Test described in clause (x) above) that requires compliance with a Consolidated First Lien Leverage Ratio, Consolidated Secured Leverage Ratio, Consolidated Total Leverage Ratio and/or Consolidated Coverage Ratio, as applicable, any such Indebtedness Incurred in reliance on the Financial Incurrence Test described in clause (y) above, shall be disregarded for purposes of determining compliance with the Financial Incurrence Test described in clause (x) above and (<u>ii</u>) if any incurrence-based financial ratios or tests (including, without limitation, any Consolidated First Lien Leverage Ratio, Consolidated Secured Leverage Ratio, Consolidated Total Leverage Ratio and Consolidated Coverage Ratio tests) ("<u>Financial Incurrence Tests</u>") would be satisfied in any subsequent fiscal quarter following the utilization of either (<u>x</u>) fixed baskets, exceptions or thresholds (including baskets measured by reference to Consolidated Total Assets or Four Quarter Consolidated EBITDA (or a percentage thereof)) that do not require compliance with a financial ratio or test ("<u>Fixed Amounts</u>") or (<u>y</u>) baskets, exceptions and thresholds that require compliance with a financial ratio or test (including, without limitation, any Consolidated First Lien Leverage Ratio, Consolidated Secured Leverage Ratio, Consolidated Total Leverage Ratio and Consolidated Coverage Ratio tests) (any such amounts, "<u>Incurrence Based Amounts</u>"), then the reclassification of actions or transactions (or portions thereof), including the reclassification of utilization of any Fixed Amounts as incurred under any available Incurrence Based Amounts, shall be deemed to have automatically occurred even if not elected by the Company (unless the Company otherwise notifies the Trustee).

Section 129. <u>USA PATRIOT Act</u>. The Trustee hereby notifies the Company that pursuant to the requirements of the USA PATRIOT Act (Title III of Pub.L. 107-56 (signed into law October 26, 2001)) (the "<u>Patriot Act</u>"), it is required to obtain, verify, and record information that identifies the Company and each Guarantor, which information includes the name of the Company and each Guarantor and other information that will allow the Trustee to identify the Company and each Guarantor in accordance with the Patriot Act, and the Company agrees to provide such information from time to time to the Trustee.

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ARTICLE II

NOTE FORMS

Section 201. <u>Forms Generally</u>. The Initial Notes and Additional Notes and the Trustee's certificate of authentication relating thereto shall be in substantially the forms set forth, or referenced, in this Article II and Exhibit A attached hereto (as such forms may be modified in accordance with Section 301). The terms of the Notes set forth in Exhibit A are hereby incorporated in and expressly made a part of this Indenture. The Notes may have such appropriate insertions, omissions, substitutions, notations, legends, endorsements, identifications and other variations as are required or permitted by law, stock exchange rule or depositary rule or usage, agreements to which the Company is subject, if any, or other customary usage, or as may consistently herewith be determined by the Officers of the Company executing such Notes, as evidenced by such execution (provided always that any such notation, legend, endorsement, identification or variation is in a form acceptable to the Company). Each Note shall be dated the date of its authentication. Any portion of the text of any Note may be set forth on the reverse thereof, with an appropriate reference thereto on the face of the Note. For the avoidance of doubt, no Opinion of Counsel shall be required on the Issue Date for the Trustee's authentication of the Initial Notes.

Notes offered and sold in reliance on Rule 144A shall, unless the Company otherwise notifies the Trustee in writing, be issued in the form of one or more permanent global Notes substantially in the form attached hereto as <u>Exhibit</u> <u>A</u> (as such form may be modified in accordance with <u>Section</u> <u>301</u>), except as otherwise permitted herein. Such Global Notes shall be referred to collectively herein as the "<u>Rule 144A Global Notes</u>," and shall be deposited with the Trustee, as custodian for the Depositary or its nominee, for credit to an account of an Agent Member, and shall be duly executed by the Company and authenticated by the Trustee as hereinafter provided. The aggregate principal amount of a Rule 144A Global Note may from time to time be increased or decreased by adjustments made on the records of the Trustee, as custodian for the Depositary or its nominee, as hereinafter provided.

Notes offered and sold in offshore transactions in reliance on Regulation S under the Securities Act shall, unless the Company otherwise notifies the Trustee in writing, be issued in the form of one or more global Notes substantially in the form attached hereto as <u>Exhibit</u> <u>A</u> (as such form may be modified in accordance with <u>Section</u> <u>301</u>), except as otherwise permitted herein. Such Global Notes shall be referred to herein as the "<u>Regulation S Global Notes</u>." The Regulation S Global Notes shall be deposited with the Trustee, as custodian for the Depositary or its nominee for credit to the account of an Agent Member and shall be duly executed by the Company and authenticated by the Trustee as hereinafter provided. The aggregate principal amount of a Regulation S Global Note may from time to time be increased or decreased by adjustments made in the records of the Trustee, as custodian for the Depositary or its nominee, as hereinafter provided.

Notes offered and sold to an Affiliate or to any Accredited Investor (as defined in Rule 501(a)(1), (2), (3), (7), (8), (9), (12) or (13) under Regulation D promulgated under the Securities Act) shall, unless the Company otherwise notifies the Trustee in writing, be issued in the form of one or more permanent global Notes substantially in the form attached hereto as <u>Exhibit A</u> (as such form may be modified in accordance with <u>Section</u> <u>301</u>), except as otherwise permitted herein. Such Global Notes shall be referred to collectively herein as the "<u>Affiliate Global Notes</u>," and shall be deposited with the Trustee, as custodian for the Depositary or its nominee, for credit to an account of an Agent Member, and shall be duly executed by the Company and authenticated by the Trustee as hereinafter provided. The aggregate principal amount of an Affiliate Global Note may from time to time be increased or decreased by adjustments made on the records of the Trustee, as custodian for the Depositary or its nominee, as hereinafter provided.

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Subject to the limitations on the issuance of certificated Notes set forth in <u>Sections</u> <u>312</u> and <u>313</u>, Notes issued pursuant to <u>Section</u> <u>305</u> in exchange for or upon transfer of beneficial interests (<u>x</u>) in a Rule 144A Global Note shall be in the form of permanent certificated Notes substantially in the form attached hereto as <u>Exhibit</u> <u>A</u> (as such form may be modified in accordance with <u>Section</u> <u>301</u>) (the "<u>Rule 144A Physical Notes</u>"), (<u>y</u>) in a Regulation S Global Note (if any), shall be in the form of permanent certificated Notes substantially in the form attached hereto as <u>Exhibit</u> <u>A</u> (as such form may be modified in accordance with <u>Section</u> <u>301</u>) (the "<u>Regulation S Physical Notes</u>") or (<u>z</u>) in an Affiliate Global Note shall be in the form of permanent certificated Notes substantially in the form attached hereto as <u>Exhibit A</u> (as such form may be modified in accordance with <u>Section</u> <u>301</u>) (the "<u>Affiliate Physical Notes</u>"), respectively, as hereinafter provided.

The Rule 144A Physical Notes, Regulation S Physical Notes and Affiliate Physical Notes shall be construed to include any certificated Notes issued in respect thereof pursuant to <u>Sections</u> <u>304</u>, <u>305</u>, <u>306</u> or <u>1008</u>, and the Rule 144A Global Notes, Regulation S Global Notes and Affiliate Global Notes shall be construed to include any global Notes issued in respect thereof pursuant to <u>Sections</u> <u>304</u>, <u>305</u>, <u>306</u> or <u>1008</u>. The Rule 144A Physical Notes, the Regulation S Physical Notes and the Affiliate Physical Notes, together with any other certificated Notes issued and authenticated pursuant to this Indenture, are sometimes collectively herein referred to as the "<u>Physical Notes</u>." The Rule 144A Global Notes, Regulation S Global Notes and Affiliate Global Notes, together with any other global Notes that are issued and authenticated pursuant to this Indenture, are sometimes collectively referred to as the "<u>Global Notes</u>."

Section 202. <u>Form of Trustee</u><u>'</u><u>s Certificate of Authentication</u>. The Notes will have endorsed thereon a Trustee's certificate of authentication in substantially the following form:

This is one of the Notes referred to in the within-mentioned Indenture.

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| | |
|:---|:---|
| as Trustee | as Trustee |
| By: |  |
|  | Authorized Officer |

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Dated:

If an appointment of an Authenticating Agent is made pursuant to <u>Section</u> <u>714</u>, the Notes may have endorsed thereon, in lieu of the Trustee's certificate of authentication, an alternative certificate of authentication in substantially the following form:

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This is one of the Notes referred to in the within-mentioned Indenture.

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| | |
|:---|:---|
| [NAME] | [NAME] |
| as Trustee | as Trustee |
| By: |  |
|  | As Authenticating Agent |
| By: |  |
|  | Authorized Officer |

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Dated:

Section 203. <u>Restrictive and Global Note Legends</u>. Each Global Note and Physical Note (and all Notes issued in exchange therefor or substitution thereof) shall bear the following legend set forth below (the "<u>Private Placement Legend</u>") on the face thereof until the Private Placement Legend is removed or not required in accordance with <u>Section</u> <u>313(4)</u>:

"THIS NOTE HAS NOT BEEN REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE "<u>SECURITIES ACT</u>"), OR UNDER THE SECURITIES LAWS OF ANY STATE OR OTHER JURISDICTION, AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD WITHIN THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, U.S. PERSONS EXCEPT AS SET FORTH BELOW. EACH PURCHASER OF THIS NOTE IS HEREBY NOTIFIED THAT THE SELLER OF THIS NOTE MAY BE RELYING ON THE EXEMPTION FROM THE PROVISIONS OF SECTION 5 OF THE SECURITIES ACT PROVIDED BY RULE 144A, REGULATION S OR ANOTHER EXEMPTION UNDER THE SECURITIES ACT.

BY ITS ACCEPTANCE HEREOF, THE HOLDER OF THIS NOTE (<u>1</u>) REPRESENTS THAT (<u>A</u>) IT IS A "QUALIFIED INSTITUTIONAL BUYER" (AS DEFINED IN RULE 144A UNDER THE SECURITIES ACT), (<u>B</u>) IT IS NOT A U.S. PERSON NOR IS IT PURCHASING FOR THE ACCOUNT OR BENEFIT OF A U.S. PERSON (OTHER THAN A DISTRIBUTOR) AND IS ACQUIRING THIS NOTE IN AN OFFSHORE TRANSACTION IN COMPLIANCE WITH REGULATION S UNDER THE SECURITIES ACT OR (<u>C</u>) IT IS AN "INSTITUTIONAL" ACCREDITED INVESTOR (AS DEFINED IN RULE 501(a)(1), (2), (3), (7), (8), (9), (12) OR (13) UNDER REGULATION D PROMULGATED UNDER THE SECURITIES ACT (AN "<u>ACCREDITED INVESTOR</u>")) AND (<u>2</u>) AGREES THAT IT WILL NOT WITHIN [SIX MONTHS—*FOR NOTES ISSUED PURSUANT TO RULE 144A*][40 DAYS—*FOR NOTES ISSUED IN OFFSHORE TRANSACTIONS PURSUANT TO REGULATION S*] AFTER THE LATEST OF THE DATE OF THE ORIGINAL ISSUANCE OF THIS NOTE, THE DATE OF THE ORIGINAL ISSUANCE OF ANY ADDITIONAL NOTES AND THE DATE ON WHICH THE COMPANY OR ANY OF ITS AFFILIATES OWNED THIS NOTE, OFFER, RESELL OR OTHERWISE

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TRANSFER THIS NOTE EXCEPT (<u>A</u>) (<u>I</u>) TO THE COMPANY OR ANY SUBSIDIARY THEREOF, (<u>II</u>) FOR SO LONG AS THIS NOTE IS ELIGIBLE FOR RESALE PURSUANT TO RULE 144A UNDER THE SECURITIES ACT INSIDE THE UNITED STATES TO A PERSON WHOM THE SELLER REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER IN COMPLIANCE WITH RULE 144A UNDER THE SECURITIES ACT, (<u>III</u>) INSIDE THE UNITED STATES TO AN ACCREDITED INVESTOR THAT IS ACQUIRING THE NOTES FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF SUCH AN ACCREDITED INVESTOR, IN EACH CASE IN A MINIMUM PRINCIPAL AMOUNT OF THE NOTES OF $250,000, FOR INVESTMENT PURPOSES AND NOT WITH A VIEW TO OR FOR THE OFFER OR SALE IN CONNECTION WITH ANY DISTRIBUTION IN VIOLATION OF THE SECURITIES ACT, AND THAT PRIOR TO SUCH TRANSFER, FURNISHES (OR HAS FURNISHED ON ITS BEHALF BY A U.S. BROKER DEALER) TO THE TRUSTEE A SIGNED LETTER CONTAINING CERTAIN REPRESENTATIONS AND AGREEMENTS RELATING TO THE RESTRICTIONS ON TRANSFER OF THIS NOTE (THE FORM OF WHICH LETTER CAN BE OBTAINED FROM THE TRUSTEE FOR THIS NOTE), (<u>IV</u>) THROUGH OFFERS AND SALES TO NON-U.S. PERSONS THAT OCCUR OUTSIDE THE UNITED STATES IN AN OFFSHORE TRANSACTION IN COMPLIANCE WITH REGULATION S UNDER THE SECURITIES ACT (IF AVAILABLE), (<u>V</u>) PURSUANT TO THE EXEMPTION FROM REGISTRATION PROVIDED BY RULE 144 UNDER THE SECURITIES ACT (IF AVAILABLE), (<u>VI</u>) IN ACCORDANCE WITH ANOTHER EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT (AND BASED UPON AN OPINION OF COUNSEL IF THE COMPANY SO REQUESTS), OR (<u>VII</u>) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT AND (<u>B</u>) IN ACCORDANCE WITH ALL APPLICABLE SECURITIES LAWS OF THE STATES OF THE UNITED STATES AND OTHER JURISDICTIONS. BY ITS ACCEPTANCE HEREOF, THE HOLDER OF THIS NOTE FURTHER AGREES THAT IT WILL GIVE TO EACH PERSON TO WHOM THIS NOTE IS TRANSFERRED A NOTICE SUBSTANTIALLY TO THE EFFECT OF THIS LEGEND. IN CONNECTION WITH ANY TRANSFER OF THIS NOTE PURSUANT TO SUBCLAUSES (III) TO (VI) OF CLAUSE (A) ABOVE, THE HOLDER MUST, PRIOR TO SUCH TRANSFER, FURNISH TO THE TRUSTEE AND THE COMPANY SUCH CERTIFICATIONS, LEGAL OPINIONS OR OTHER INFORMATION AS EITHER OF THEM MAY REASONABLY REQUIRE TO CONFIRM THAT SUCH TRANSFER IS BEING MADE PURSUANT TO AN EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT. AS USED HEREIN, THE TERMS "OFFSHORE TRANSACTION," "UNITED STATES" AND "U.S. PERSON" HAVE THE MEANINGS GIVEN TO THEM BY REGULATION S UNDER THE SECURITIES ACT."

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Each Global Note, whether or not an Initial Note, shall also bear the following legend on the face thereof: 

"UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("<u>DTC</u>") TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

TRANSFERS OF THIS GLOBAL NOTE SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF CEDE & CO. OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR'S NOMINEE AND TRANSFERS OF PORTIONS OF THIS GLOBAL NOTE SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN SECTIONS 312 AND 313 OF THE INDENTURE (AS DEFINED HEREIN)."

Each Regulation S Global Note shall also bear the following legend on the face thereof:

"BY ITS ACQUISITION HEREOF, THE HOLDER HEREOF REPRESENTS THAT IT IS NOT A U.S. PERSON, NOR IS IT PURCHASING FOR THE ACCOUNT OR BENEFIT OF A U.S. PERSON (OTHER THAN A DISTRIBUTOR), AND IS ACQUIRING THIS NOTE IN AN OFFSHORE TRANSACTION IN ACCORDANCE WITH REGULATION S UNDER THE SECURITIES ACT."

Each Note issued with more than *de minimis* original issue discount (determined in accordance with the Internal Revenue Code) will contain a legend substantially to the following effect:

THIS NOTE IS ISSUED WITH ORIGINAL ISSUE DISCOUNT FOR PURPOSES OF SECTION 1271 ET SEQ. OF THE INTERNAL REVENUE CODE. A HOLDER MAY OBTAIN THE ISSUE PRICE, AMOUNT OF ORIGINAL ISSUE DISCOUNT, ISSUE DATE AND YIELD TO MATURITY FOR SUCH NOTE BY SUBMITTING A WRITTEN REQUEST FOR SUCH INFORMATION TO: 13320 BALLANTYNE CORPORATE PLACE, SUITE D, CHARLOTTE, NC 28277 (EMAIL: GREG.RUSTOWICZ@CMCO.COM); ATTENTION: GREG RUSTOWICZ, EXECUTIVE VICE PRESIDENT FINANCE & CFO.

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Each Affiliate Global Note shall also bear the following legend on the face thereof:

"THE HOLDER OF THIS NOTE AGREES ON ITS OWN BEHALF AND ON BEHALF OF ANY INVESTOR ACCOUNT FOR WHICH IT HAS PURCHASED NOTES, TO NOT OFFER, SELL OR OTHERWISE TRANSFER SUCH NOTE OR ANY BENEFICIAL INTEREST HEREIN, PRIOR TO THE RESALE RESTRICTION TERMINATION DATE (AS DEFINED BELOW), EXCEPT: (<u>A</u>) IN COMPLIANCE WITH RULE 144 UNDER THE SECURITIES ACT; (<u>B</u>) PURSUANT TO ANOTHER AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT IN A TRANSACTION IN WHICH THE PURCHASER AGREES IN WRITING TO COMPLY WITH THIS TRANSFER RESTRICTION AND THE NOTE SOLD CONTAINS THIS LEGEND; OR (<u>C</u>) PURSUANT TO A REGISTRATION STATEMENT WHICH HAS BECOME EFFECTIVE UNDER THE SECURITIES ACT; SUBJECT, IN EACH CASE, TO THE COMPANY'S AND THE TRUSTEE'S RIGHT PRIOR TO ANY SUCH OFFER, SALE OR TRANSFER TO REQUIRE THE DELIVERY OF AN OPINION OF COUNSEL, CERTIFICATION OR OTHER INFORMATION SATISFACTORY TO EACH OF THEM.

THE "RESALE RESTRICTION TERMINATION DATE" MEANS THE LATER OF: (<u>1</u>) THE EARLIEST OF (<u>A</u>) THE DATE ON WHICH THIS NOTE HAS BEEN SOLD TO A NON-AFFILIATE OF THE COMPANY (AND WHO HAS BEEN A NON-AFFILIATE OF THE COMPANY DURING THE IMMEDIATELY PRECEDING THREE MONTHS) PURSUANT TO, AND IN ACCORDANCE WITH, A REGISTRATION STATEMENT THAT IS EFFECTIVE UNDER THE SECURITIES ACT AT THE TIME OF SALE; (<u>B</u>) THE DATE ON WHICH THIS NOTE HAS BEEN SOLD TO A NON-AFFILIATE OF THE COMPANY (AND WHO HAS BEEN A NON-AFFILIATE OF THE COMPANY DURING THE IMMEDIATELY PRECEDING THREE MONTHS) PURSUANT TO RULE 144 UNDER THE SECURITIES ACT; AND (<u>C</u>) THE DATE ON WHICH THE HOLDER OF THIS NOTE (<u>X</u>) HAS A "HOLDING PERIOD" (DETERMINED PURSUANT TO RULE 144(d) UNDER THE SECURITIES ACT) OF AT LEAST ONE YEAR (OR SUCH SHORTER PERIOD OF TIME AS PERMITTED BY RULE 144 UNDER THE SECURITIES ACT OR ANY SUCCESSOR THERETO AT SUCH TIME) AND (<u>Y</u>) IS NOT AN AFFILIATE OF THE COMPANY (AND HAS NOT BEEN AN AFFILIATE OF THE COMPANY DURING THE IMMEDIATELY PRECEDING THREE MONTHS); AND (<u>2</u>) SUCH LATER DATE, IF ANY, AS MAY BE REQUIRED BY APPLICABLE LAW. IN DETERMINING WHETHER THE HOLDER OF THIS NOTE (<u>X</u>) HAS A "HOLDING PERIOD" (DETERMINED PURSUANT TO RULE 144(d) UNDER THE SECURITIES ACT) OF AT LEAST ONE YEAR (OR SUCH SHORTER PERIOD OF TIME AS PERMITTED BY RULE 144 UNDER THE SECURITIES ACT OR ANY SUCCESSOR THERETO AT SUCH TIME) OR (<u>Y</u>) IS AN AFFILIATE OF THE COMPANY (OR HAS BEEN AN AFFILIATE OF THE COMPANY DURING THE IMMEDIATELY PRECEDING THREE MONTHS), THE COMPANY AND THE TRUSTEE RESERVE THE RIGHT TO REQUIRE THE DELIVERY OF SUCH CERTIFICATIONS, LEGAL OPINIONS OR OTHER INFORMATION AS THEY MAY REASONABLY REQUIRE AND MAY RELY UPON TO MAKE SUCH DETERMINATION."

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ARTICLE III

THE NOTES

Section 301. <u>General Terms; Additional Notes</u>. All Notes will vote (or consent) as a single class with the other Notes and otherwise be treated as Notes for all purposes of this Indenture. Each Note will bear interest at a rate of 7.125% per annum from the Issue Date or from the most recent date to which interest has been paid or provided for, payable semi-annually on February 1 and August 1 of each year (each such date, an "<u>Interest Payment Date</u>"), commencing August 1, 2026, to Holders of record as of the close of business on the Regular Record Date for such interest, which shall be January 15 or July 15, as applicable and whether or not a Business Day, immediately preceding each Interest Payment Date.

Additional Notes ranking *pari passu* with the Initial Notes may be created and issued from time to time by the Company without notice to or consent of the Holders and shall be consolidated with and form a single class with the Initial Notes and shall have the same terms as to status, redemption or otherwise as the Initial Notes other than with respect to the date of issuance and, if applicable, original interest accrual date and original interest payment date. Any Additional Notes may be issued with the benefit of an indenture supplemental to this Indenture; *provided* further, however, that in the event any Additional Notes are not fungible with the Initial Notes for U.S. federal income tax purposes, such non-fungible notes will be issued with a separate CUSIP number or ISIN so they are distinguishable from the Initial Notes.

The terms and provisions contained in the Notes will constitute, and are hereby expressly made, a part of this Indenture and the Company, the Guarantors and the Trustee, by their execution and delivery of this Indenture, expressly agree to such terms and provisions and to be bound thereby. However, to the extent any provision of any Note conflicts with the express provisions of this Indenture, the provisions of this Indenture shall govern and be controlling.

Section 302. <u>Denominations</u>. The Notes shall be issuable only in fully "registered form" pursuant to Sections 163(f), 871(h)(2), and 881(c)(2) and any related United States Treasury Regulations (or any other relevant or successor provisions of the Code or of such United States Treasury Regulations), without coupons, and only in minimum denominations of $2,000 (the "<u>Minimum Denomination</u>") and integral multiples of $1,000 in excess thereof.

Section 303. <u>Execution, Authentication and Delivery and Dating</u>. The Notes shall be executed on behalf of the Company by one Officer of the Company. The signature of any such Officer on the Notes may be manual, electronic or by facsimile.

Notes bearing the manual, electronic or facsimile signature of an individual who was at any time an Officer of the Company shall bind the Company, notwithstanding that such individual has ceased to hold such office prior to the authentication and delivery of such Notes or did not hold such office at the date of original issuance of such Notes.

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At any time and from time to time after the execution and delivery of this Indenture, the Company may deliver Notes executed by the Company to the Trustee for authentication; and the Trustee shall authenticate and deliver (<u>i</u>) Initial Notes for original issue in the aggregate principal amount not to exceed $900.0 million and (<u>ii</u>) subject to <u>Section</u> <u>407</u> and <u>Section</u> <u>413</u>, Additional Notes in one or more series from time to time for original issue in aggregate principal amounts specified by the Company (which shall have identical terms as the Initial Notes, other than with respect to the date of issuance and, if applicable, original interest accrual date and original interest payment date), in each case specified in clauses (i) and (ii) above, upon a written order of the Company in the form of an Officer's Certificate of the Company (an "<u>Authentication Order</u>"). Such Authentication Order shall specify the amount of Notes to be authenticated and the date on which the Notes are to be authenticated, the "CUSIP", "ISIN", "Common Code" or other similar identification numbers of such Notes, if any, whether the Notes are to be Initial Notes or Additional Notes, the issue price (in the case of Additional Notes) and whether the Notes are to be issued as one or more Global Notes or Physical Notes and such other information as the Company may include or the Trustee may reasonably request; *provided*, that if any Additional Notes are not fungible with the Initial Notes for U.S. federal income tax purposes, such Additional Notes shall have a separate "CUSIP," "ISIN" or other similar identification number, if any, from the Initial Notes, as specified by the Company.

All Notes shall be dated the date of their authentication.

No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose, unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Trustee by manual or electronic signature, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Section 304. <u>Temporary Notes</u>. Until definitive Notes are ready for delivery, the Company may prepare and upon receipt of an Authentication Order the Trustee shall authenticate temporary Notes. Temporary Notes shall be substantially in the form of definitive Notes but may have variations that the Company considers appropriate for temporary Notes. If temporary Notes are issued, the Company will cause definitive Notes to be prepared without unreasonable delay. After the preparation of definitive Notes, the temporary Notes shall be exchangeable for definitive Notes upon surrender of the temporary Notes at the office or agency of the Company in a Place of Payment, without charge to the Holder. Upon surrender for cancellation of any one or more temporary Notes, the Company shall execute and upon receipt of an Authentication Order the Trustee shall authenticate and deliver in exchange therefor a like principal amount of definitive Notes of authorized denominations. Until so exchanged the temporary Notes shall in all respects be entitled to the same benefits under this Indenture as definitive Notes.

Section 305. <u>Note Registrar and Paying Agent</u>. The Company shall cause to be kept at the Corporate Trust Office of the Trustee a register (the register maintained in such office and in any other office or agency of the Company in a Place of Payment being herein sometimes collectively referred to as the "<u>Note Register</u>") in which, subject to such reasonable regulations as it may prescribe, the Company shall provide for the registration of Notes and of transfers of Notes. Such office or agency shall be the "<u>Note Registrar</u>" for the Notes. The Company may have one or more co-registrars. The term "<u>Note Registrar</u>" includes any co-registrars.

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The Company initially appoints the Trustee as "Note Registrar" and "Paying Agent" in connection with the Notes, until such time as it has resigned or a successor has been appointed. The Company may have one or more additional paying agents, and the term "<u>Paying Agent</u>" shall include any additional Paying Agent. The Company may change the Paying Agent or Note Registrar without prior notice to the Holders of Notes. The Company may enter into an appropriate agency agreement with any Note Registrar or Paying Agent not a party to this Indenture. Any such agency agreement shall implement the provisions of this Indenture that relate to such agent. The Company shall notify the Trustee in writing of the name and address of any such agent. If the Company fails to appoint or maintain a Note Registrar or Paying Agent, the Trustee shall act as such and shall be entitled to appropriate compensation therefor pursuant to <u>Section</u> <u>707</u>. The Company or any Wholly-Owned Domestic Subsidiary of the Company may act as Paying Agent (except for purposes of <u>Section</u> <u>1102</u> or <u>Section</u> <u>1205</u>) or Note Registrar.

Upon surrender for transfer of any Note at the office or agency of the Company in a Place of Payment, in compliance with all applicable requirements of this Indenture and applicable law, the Company shall execute, and the Trustee shall authenticate and deliver, in the name of the designated transferee or transferees, one or more new Notes of any authorized denominations and of a like aggregate principal amount.

At the option of the Holder, Notes may be exchanged for other Notes of any authorized denominations and of a like aggregate principal amount, upon surrender of the Notes to be exchanged at such office or agency. Whenever any Notes are so surrendered for exchange, the Company shall execute, and the Trustee shall authenticate and deliver, the Notes that the Holder making the exchange is entitled to receive.

All Notes issued upon any transfer or exchange of Notes shall be the valid obligations of the Company, evidencing the same debt, and entitled to the same benefits under this Indenture, as the Notes surrendered upon such transfer or exchange.

Every Note presented or surrendered for transfer or exchange shall be duly endorsed, or be accompanied by a written instrument of transfer in form satisfactory to the Company duly executed, by the Holder thereof or such Holder's attorney duly authorized in writing.

No service charge shall be made for any registration, transfer or exchange of Notes, but the Company may require payment of a sum sufficient to cover any transfer tax or other governmental charge that may be imposed in connection therewith.

The Company shall not be required (<u>i</u>) to issue, transfer or exchange any Note during a period beginning at the opening of business 15 Business Days before the day of the sending of a notice of redemption (or purchase) of Notes selected for redemption (or purchase) under <u>Section</u> <u>1004</u> and ending at the close of business on the day of such sending, or (<u>ii</u>) to transfer or exchange any Note so selected for redemption (or purchase) in whole or in part.

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Section 306. <u>Mutilated, Destroyed, Lost and Stolen Notes</u>. If a mutilated Note is surrendered to the Note Registrar or if the Holder of a Note claims that the Note has been lost, destroyed or wrongfully taken, the Company shall issue and the Trustee shall authenticate a replacement Note if the requirements of Section 8-405 of the Uniform Commercial Code are met, such that the Holder (<u>a</u>) notifies the Company or the Trustee within a reasonable time after such Holder has notice of such loss, destruction or wrongful taking and the Note Registrar does not register a transfer prior to receiving such notification, (<u>b</u>) makes such request to the Company or the Trustee prior to the Note being acquired by a protected purchaser as defined in Section 8-303 of the Uniform Commercial Code and (<u>c</u>) satisfies any other reasonable requirements of the Company or the Trustee. If required by the Trustee or the Company, such Holder shall furnish an indemnity bond sufficient in the judgment of (<u>i</u>) the Trustee to protect the Trustee and (<u>ii</u>) the Company to protect the Company, the Trustee, a Paying Agent and the Note Registrar, from any loss that any of them may suffer if a Note is replaced.

In case any such mutilated, destroyed, lost or stolen Note has become or is about to become due and payable, the Company in its discretion may, instead of issuing a new Note, pay such Note.

Upon the issuance of any new Note under this <u>Section</u> <u>306</u>, the Company may require the payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto and any other expenses (including the fees and expenses of the Trustee) connected therewith.

Every new Note issued pursuant to this <u>Section</u> <u>306</u> in lieu of any destroyed, lost or stolen Note shall constitute an original additional contractual obligation of the Company, whether or not the destroyed, lost or stolen Note shall be at any time enforceable by anyone, and shall be entitled to all the benefits of this Indenture equally and ratably with any and all other Notes duly issued hereunder.

The provisions of this <u>Section</u> <u>306</u> are exclusive and shall preclude (to the extent lawful) all other rights and remedies with respect to the replacement or payment of mutilated, destroyed, lost or stolen Notes.

Section 307. <u>Payment of Interest Rights Preserved</u>. Interest on any Note that is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name that Note (or one or more Predecessor Notes) is registered at the close of business on the Regular Record Date for such interest.

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Any interest on any Note that is payable, but is not punctually paid or duly provided for, on any Interest Payment Date (herein called "<u>Defaulted Interest</u>") shall forthwith cease to be payable to the registered Holder on the relevant Regular Record Date by virtue of having been such Holder; and such Defaulted Interest may be paid by the Company, at its election, as provided in clause (1) or clause (2) below:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) The Company may elect to make payment of any Defaulted Interest to the Persons in whose names the Notes (or their respective Predecessor Notes) are registered at the close of business on a Special Record Date for the payment of such Defaulted Interest, which shall be fixed in the following manner. The Company shall notify the Trustee and Paying Agent in writing of the amount of Defaulted Interest proposed to be paid on each Note and the date of the proposed payment, and the Company shall deposit with the Trustee or Paying Agent an amount of money equal to the aggregate amount proposed to be paid in respect of such Defaulted Interest or shall make arrangements reasonably satisfactory to the Trustee or Paying Agent for such deposit prior to the date of the proposed payment, such money when deposited to be held in trust for the benefit of the Persons entitled to such Defaulted Interest as provided in this clause (1). Thereupon the Trustee shall fix a Special Record Date for the payment of such Defaulted Interest which shall be not more than 15 nor less than 10 days prior to the date of the proposed payment and not less than 10 days after the receipt by the Trustee and the Paying Agent of the notice of the proposed payment. The Trustee shall promptly notify the Company of such Special Record Date and, in the name and at the expense of the Company, shall cause notice of the proposed payment of such Defaulted Interest and the Special Record Date therefor to be mailed, first class postage prepaid, to each Holder at such Holder's address as it appears in the Note Register, not less than 10 days prior to such Special Record Date. Notice of the proposed payment of such Defaulted Interest and the Special Record Date therefor having been so mailed, such Defaulted Interest shall be paid to the Persons in whose names the Notes (or their respective Predecessor Notes) are registered on such Special Record Date and shall no longer be payable pursuant to the following clause (2).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) The Company may make payment of any Defaulted Interest in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Notes may be listed, and upon such notice as may be required by such exchange.

Subject to the foregoing provisions of this <u>Section</u> <u>307</u>, each Note delivered under this Indenture upon transfer of or in exchange for or in lieu of any other Note shall carry the rights to interest accrued and unpaid, and to accrue, that were carried by such other Note.

Section 308. <u>Persons Deemed Owners</u>. The Company, any Guarantor, the Trustee, the Paying Agent and any agent of any of them may treat the Person in whose name any Note is registered as the owner of such Note for the purpose of receiving payment of principal of (and premium, if any), and (subject to <u>Section</u> <u>307</u>) interest on, such Note and for all other purposes whatsoever, whether or not such Note be overdue, and none of the Company, any Guarantor, the Trustee, the Paying Agent nor any agent of any of them shall be affected by notice to the contrary.

Section 309. <u>Cancellation</u>. All Notes surrendered for payment, redemption, transfer, exchange or conversion shall, if surrendered to any Person other than the Trustee, be delivered to the Trustee and, if not already cancelled, shall be promptly cancelled by it. The Company may at any time deliver to the Trustee for cancellation any Notes previously authenticated and delivered hereunder that the Company may have acquired in any manner whatsoever, and all Notes so delivered shall be promptly cancelled by the Trustee. No Notes shall be authenticated in lieu of or in exchange for any Notes cancelled as provided in this <u>Section</u> <u>309</u>, except as expressly permitted by this Indenture. All cancelled Notes held by the Trustee shall be disposed of by the Trustee in accordance with its customary procedures (subject to the record retention requirements of the Exchange Act).

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Section 310. <u>Computation of Interest</u>. Interest on the Notes shall be computed on the basis of a 360-day year of twelve 30-day months.

Section 311. <u>CUSIP Numbers, ISINs, Etc</u>. The Company in issuing the Notes may use "CUSIP" numbers, ISINs and "Common Code" numbers (if then generally in use), and if so, the Trustee may use the CUSIP numbers, ISINs and "Common Code" numbers in notices of redemption or exchange as a convenience to Holders; <u>provided</u>, <u>however</u>, that any such notice may state that no representation is made as to the correctness or accuracy of such numbers printed in the notice or on the Notes; that reliance may be placed only on the other identification numbers printed on the Notes; and that any redemption shall not be affected by any defect in or omission of such numbers.

Section 312. <u>Book-Entry Provisions for Global Notes</u>. Each Global Note initially shall (<u>i</u>) be registered in the name of the Depositary for such Global Note or the nominee of such Depositary, in each case for credit to the account of an Agent Member, and (<u>ii</u>) be delivered to the Trustee as custodian for such Depositary. None of the Company, any agent of the Company or the Trustee shall have any responsibility or liability for any aspect of the records relating to or payments made on account of beneficial ownership interests of a Global Note, or for maintaining, supervising or reviewing any records relating to such beneficial ownership interests.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Members of, or participants in, the Depositary ("<u>Agent Members</u>") shall have no rights under this Indenture with respect to any Global Note held on their behalf by the Depositary, or its custodian, or under such Global Notes. The Depositary may be treated by the Company, any other obligor upon the Notes, the Trustee and any agent of any of them as the absolute owner of the Global Notes for all purposes whatsoever. Notwithstanding the foregoing, nothing herein shall prevent the Company, any other obligor upon the Notes, the Trustee or any agent of any of them from giving effect to any written certification, proxy or other authorization furnished by the Depositary or impair, as between the Depositary and its Agent Members, the operation of customary practices governing the exercise of the rights of a beneficial owner of any Note. The Holder of a Global Note may grant proxies and otherwise authorize any Person, including Agent Members and Persons that may hold interests through Agent Members, to take any action that a Holder is entitled to take under this Indenture (including the Note Security Documents) or the Notes.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Transfers of a Global Note shall be limited to transfers of such Global Note in whole, but, subject to the immediately succeeding sentence, not in part, to the Depositary, its successors or their respective nominees. Interests of beneficial owners in a Global Note may not be transferred or exchanged for Physical Notes unless (<u>i</u>) the Company has consented thereto in writing, or such transfer or exchange is made pursuant to the next sentence, and (<u>ii</u>) such transfer or exchange is in accordance with the applicable rules and procedures of the Depositary and the provisions of <u>Section</u> <u>305</u> and <u>Section</u> <u>313</u>. Subject to the limitation on issuance of Physical Notes set forth in <u>Section</u> <u>313(3)</u>, Physical Notes shall be transferred to all beneficial owners in exchange for their beneficial interests in the relevant Global Note, if (<u>i</u>) the

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Depositary notifies the Company at any time that it is unwilling or unable to continue as Depositary for the Global Notes and a successor depositary is not appointed within 120 days; (<u>ii</u>) the Depositary ceases to be registered as a "Clearing Agency" under the Exchange Act and a successor depositary is not appointed within 120 days; (<u>iii</u>) the Company, at its option, notifies the Trustee that it elects to cause the issuance of Physical Notes; or (<u>iv</u>) an Event of Default shall have occurred and be continuing with respect to the Notes and the Trustee has received a written request from the Depositary to issue Physical Notes.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) In connection with any transfer or exchange of a portion of the beneficial interest in any Global Note to beneficial owners for Physical Notes pursuant to <u>Section</u> <u>312(c)</u>, the applicable Note Registrar shall record on its books and records the date and a decrease in the principal amount of such Global Note in an amount equal to the beneficial interest in the Global Note being transferred, and the Company shall execute, and upon receipt of an Authentication Order the Trustee shall authenticate and deliver, one or more Physical Notes of like principal amount of authorized denominations.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) In connection with a transfer of an entire Global Note to beneficial owners for Physical Notes pursuant to <u>Section</u> <u>312(c)</u>, the applicable Global Note shall be deemed to be surrendered to the Trustee for cancellation, and the Company shall execute, and upon receipt of an Authentication Order the Trustee shall authenticate and deliver, to each beneficial owner identified by the Depositary, in exchange for its beneficial interest in the applicable Global Note, an equal aggregate principal amount of Rule 144A Physical Notes (in the case of any Rule 144A Global Note), Regulation S Physical Notes (in the case of any Regulation S Global Note) or Affiliate Physical Notes (in the case of any Affiliate Global Note), as the case may be, of authorized denominations.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) The transfer and exchange of a Global Note or beneficial interests therein shall be effected through the Depositary, in accordance with this Indenture (including applicable restrictions on transfer set forth in <u>Section</u> <u>313</u>) and the procedures therefor of the Depositary. Any beneficial interest in one of the Global Notes that is transferred to a Person who takes delivery in the form of an interest in a different Global Note will, upon transfer, cease to be an interest in such Global Note and become an interest in the other Global Note and, accordingly, will thereafter be subject to all transfer restrictions, if any, and other procedures applicable to beneficial interests in such other Global Note for as long as it remains such an interest. A transferor of a beneficial interest in a Global Note shall deliver to the Note Registrar a written order given in accordance with the Depositary's procedures containing information regarding the participant account of the Depositary to be credited with a beneficial interest in the relevant Global Note. Subject to <u>Section</u> <u>313</u>, the Note Registrar shall, in accordance with such instructions, instruct the Depositary to credit to the account of the Person specified in such instructions a beneficial interest in such Global Note and to debit the account of the Person making the transfer the beneficial interest in the Global Note being transferred.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) Any Physical Note delivered in exchange for an interest in a Global Note pursuant to <u>Section</u> <u>312(c)</u> shall, unless such exchange is made on or after the Resale Restriction Termination Date applicable to such Note and except as otherwise provided in <u>Section</u> <u>203</u> and <u>Section</u> <u>313</u>, bear the Private Placement Legend.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) Notwithstanding the foregoing, through the Restricted Period, a beneficial interest in a Regulation S Global Note may be held only through designated Agent Members holding on behalf of Euroclear or Clearstream unless delivery is made in accordance with the applicable provisions of <u>Section</u> <u>313</u>.

Section 313. <u>Special Transfer Provisions</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) <u>Transfers to Non-U.S. Persons</u>. The following provisions shall apply with respect to the registration of any proposed transfer of a Rule 144A Global Note or Affiliate Global Note or a beneficial interest therein to any Non-U.S. Person: The Note Registrar shall register such transfer if it complies with all other applicable requirements of this Indenture (including <u>Section</u> <u>305</u>) and,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) if (<u>x</u>) such transfer is after the relevant Resale Restriction Termination Date with respect to such Note or (<u>y</u>) the proposed transferor has delivered to the Note Registrar and the Company and the Trustee a Regulation S Certificate and, unless otherwise agreed by the Company, an opinion of counsel, certifications and other information satisfactory to the Company, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) if the proposed transferor is or is acting through an Agent Member holding a beneficial interest in a Global Note, upon receipt by the Note Registrar and the Company and the Trustee of (<u>x</u>) the certificate, opinion, certifications and other information, if any, required by clause (a) above and (<u>y</u>) written instructions given in accordance with the procedures of the Note Registrar and of the Depositary;

whereupon (<u>i</u>) the Note Registrar shall reflect on its books and records the date and (if the transfer does not involve a transfer of any Outstanding Physical Note) a decrease in the principal amount of the relevant Global Note in an amount equal to the principal amount of the beneficial interest in the relevant Global Note to be transferred, and (<u>ii</u>) either (<u>A</u>) if the proposed transferee is or is acting through an Agent Member holding a beneficial interest in a relevant Regulation S Global Note, the Note Registrar shall reflect on its books and records the date and an increase in the principal amount of such Regulation S Global Note in an amount equal to the principal amount of the beneficial interest being so transferred or (<u>B</u>) otherwise the Company shall execute and (upon receipt of an Authentication Order) the Trustee shall authenticate and deliver one or more Physical Notes of like amount.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) <u>Transfers to QIBs</u>. The following provisions shall apply with respect to the registration of any proposed transfer of a Rule 144A Global Note or Affiliate Global Note or a beneficial interest therein to a QIB (excluding transfers to Non-U.S. Persons): The Note Registrar shall register such transfer if it complies with all other applicable requirements of this Indenture (including <u>Section</u> <u>305</u>) and,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) if such transfer is being made by a proposed transferor who has checked the box provided for on the form of such Note stating, or has otherwise certified to the Note Registrar and the Company and the Trustee in writing, that the sale has been made in compliance with the provisions of Rule 144A to a transferee who has signed the certification provided for on the form of such Note stating, or has otherwise certified to

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the Note Registrar and the Company and the Trustee in writing, that it is purchasing such Note for its own account or an account with respect to which it exercises sole investment discretion and that it and any such account is a QIB within the meaning of Rule 144A, and is aware that the sale to it is being made in reliance on Rule 144A and acknowledges that it has received such information regarding the Company as it has requested pursuant to Rule 144A or has determined not to request such information and that it is aware that the transferor is relying upon its foregoing representations in order to claim the exemption from registration provided by Rule 144A; <u>provided</u> that no such written representation or other written certification shall be required in connection with a transfer or a beneficial interest in a Rule 144A Global Note or the Affiliate Global Note to a transferee in the form of a beneficial interest in that Rule 144A Global Note or the Affiliate Global Note in accordance with this Indenture and the applicable procedures of DTC; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) if the proposed transferee is an Agent Member, and the Note to be transferred consists of a Physical Note that after transfer is to be evidenced by an interest in a Global Note or consists of a beneficial interest in a Global Note that after the transfer is to be evidenced by an interest in a different Global Note, upon receipt by the Note Registrar of written instructions given in accordance with the Depositary's and the Note Registrar's procedures, whereupon the Note Registrar shall reflect on its books and records the date and an increase in the principal amount of the transferee Global Note in an amount equal to the principal amount of the Physical Note or such beneficial interest in such transferor Global Note to be transferred, and the Trustee shall cancel the Physical Note so transferred or reflect on its books and records the date and a decrease in the principal amount of such transferor Global Note, as the case may be.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) <u>Limitation on Issuance of Physical Notes</u>. No Physical Note shall be exchanged for a beneficial interest in any Global Note, except in accordance with <u>Section</u> <u>312</u> and this <u>Section</u> <u>313</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) <u>Private Placement Legend</u>. Upon the transfer, exchange or replacement of Notes not bearing the Private Placement Legend, the Note Registrar shall deliver Notes that do not bear the Private Placement Legend. Upon the transfer, exchange or replacement of Notes bearing the Private Placement Legend, the Note Registrar shall deliver only Notes that bear the Private Placement Legend unless (<u>i</u>) the requested transfer is after the relevant Resale Restriction Termination Date with respect to such Notes, (<u>ii</u>) upon written request of the Company after there is delivered to the Note Registrar an opinion of counsel (which opinion and counsel are satisfactory to the Company) to the effect that neither such legend nor the related restrictions on transfer are required in order to maintain compliance with the provisions of the Securities Act, (<u>iii</u>) with respect to a Regulation S Global Note or Regulation S Physical Note (for the avoidance of doubt, after the Restricted Period), in each case with the agreement of the Company, or (<u>iv</u>) such Notes are sold or exchanged pursuant to an effective registration statement under the Securities Act.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5) <u>Other Transfers</u>. The Note Registrar shall effect and register, upon receipt of a written request from the Company to do so, a transfer not otherwise permitted by this <u>Section</u> <u>313</u>, such registration to be done in accordance with the otherwise applicable provisions of this <u>Section</u> <u>313</u>, upon the furnishing by the proposed transferor or transferee of a written opinion of counsel (which opinion and counsel are satisfactory to the Company) to the effect that, and such other certifications or information as the Company may require (including, in the case of a transfer to an Accredited Investor (as defined in Rule 501(a)(1), (2), (3), (7), (8), (9), (12) or (13) under Regulation D promulgated under the Securities Act), a certificate substantially in the form attached hereto as <u>Exhibit</u> <u>E</u>) to confirm that, the proposed transfer is being made pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act.

A Note that is a Restricted Security may not be transferred other than as provided in this <u>Section</u> <u>313</u>. A beneficial interest in a Global Note that is a Restricted Security may not be exchanged for a beneficial interest in another Global Note other than through a transfer in compliance with this <u>Section</u> <u>313</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6) <u>General</u>. By its acceptance of any Note bearing the Private Placement Legend, each Holder of such a Note acknowledges the restrictions on transfer of such Note set forth in this Indenture and in the Private Placement Legend and agrees that it will transfer such Note only as provided in this Indenture.

The Note Registrar shall retain copies of all letters, notices and other written communications received pursuant to <u>Section</u> <u>312</u> or this <u>Section</u> <u>313</u> (including all Notes received for transfer pursuant to this <u>Section</u> <u>313</u>). The Company shall have the right to require the applicable Note Registrar to deliver to the Company, at the Company's expense, copies of all such letters, notices or other written communications at any reasonable time upon the giving of reasonable written notice to the Note Registrar.

In connection with any transfer of any Note, the Trustee, the Note Registrar and the Company shall be entitled to receive, shall be under no duty to inquire into, may conclusively presume the correctness of, and shall be fully protected in relying upon the certificates, opinions and other information referred to herein (or in the forms provided herein, attached hereto or to the Notes, or otherwise) received from any Holder and any transferee of any Note regarding the validity, legality and due authorization of any such transfer, the eligibility of the transferee to receive such Note and any other facts and circumstances related to such transfer. Furthermore, the Trustee and Note Registrar shall have no liability or responsibility to monitor any such transfer for compliance with the provisions hereunder and/or governing securities laws or otherwise.

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ARTICLE IV

COVENANTS

Section 401. <u>Payment of Principal, Premium and Interest</u>. The Company shall duly and punctually pay the principal of (and premium, if any) and interest on the Notes in accordance with the terms of the Notes and this Indenture. Principal amount (and premium, if any) and interest on the Notes shall be considered paid on the date due if the Company shall have deposited with the Paying Agent (if other than the Company or a Wholly-Owned Domestic Subsidiary of the Company) as of 12:00 p.m. New York City time on the due date money in immediately available funds and designated for and sufficient to pay all principal amount (and premium, if any) and interest then due. At the option of the Company, payment of interest on a Note may be made through the Paying Agent by wire transfer of immediately available funds to the account designated to the Company by the Person entitled thereto or by check sent to the address of the Person entitled thereto as such address shall appear in the Note Register.

Section 402. <u>Maintenance of Office or Agency</u>. The Company shall maintain in the United States an office or agency where the Notes may be presented or surrendered for payment, where the Notes may be surrendered for transfer or exchange and where notices and demands to or upon the Company in respect of the Notes and this Indenture may be served. The Company shall give prompt written notice to the Trustee of the location, and of any change in the location, of such office or agency. If at any time the Company shall fail to maintain such office or agency or shall fail to furnish the Trustee with the address thereof, such presentations, surrenders, notices and demands may be made or served at the Corporate Trust Office of the Trustee; <u>provided</u> that no service of legal process may be made against the Company at any office of the Trustee.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Company may also from time to time designate one or more other offices or agencies where the Notes may be presented or surrendered for any or all purposes and may from time to time rescind such designations.

The Company hereby designates the Corporate Trust Office of the Trustee, as one such office or agency of the Company in accordance with <u>Section</u> <u>305</u>.

Section 403. <u>Money for Payments to Be Held in Trust</u>. If the Company shall at any time act as Paying Agent, it shall, on or before 12:00 p.m., New York City time, on each due date of the principal of (and premium, if any) or interest on, any of the Notes, segregate and hold in trust for the benefit of the Persons entitled thereto a sum sufficient to pay the principal (and premium, if any) or interest so becoming due until such sums shall be paid to such Persons or otherwise disposed of as herein provided, and shall promptly notify the Trustee in writing of its action or failure so to act.

If the Company is not acting as Paying Agent, it shall, on or prior to 12:00 p.m., New York City time, on each due date of the principal of (and premium, if any) or interest on, the Notes, deposit with a Paying Agent a sum sufficient to pay the principal (and premium, if any) or interest, so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal, premium or interest, and (unless such Paying Agent is the Trustee) the Company shall promptly notify the Trustee in writing of its action or failure so to act.

If the Company is not acting as Paying Agent, the Company shall cause any Paying Agent other than the Trustee to execute and deliver to the Trustee an instrument in which such Paying Agent shall agree with the Trustee, subject to the provisions of this <u>Section</u> <u>403</u>, that such Paying Agent shall

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) hold all sums held by it for the payment of principal of (and premium, if any) or interest on the Notes in trust for the benefit of the Persons entitled thereto until such sums shall be paid to such Persons or otherwise disposed of as herein provided;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) give the Trustee written notice of any default by the Company (or any other obligor upon the Notes) in the making of any such payment of principal (and premium, if any) or interest;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) at any time during the continuance of any such default, upon the written request of the Trustee, forthwith pay to the Trustee all sums so held in trust by such Paying Agent; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) acknowledge, accept and agree to comply in all respects with the provisions of this Indenture relating to the duties, rights and liabilities of such Paying Agent.

The Company may at any time, for the purpose of obtaining the satisfaction and discharge of such Notes, this Indenture or for any other purpose, pay, or by Company Order direct any Paying Agent to pay, to the Trustee all sums held in trust by the Company or such Paying Agent, such sums to be held by the Trustee upon the same terms as those upon which such sums were held by the Company or such Paying Agent; and, upon such payment by any Paying Agent to the Trustee, such Paying Agent shall be released from all further liability with respect to such money.

Any money deposited with the Trustee or any Paying Agent, or then held by the Company, in trust for the payment of principal of (and premium, if any) or interest on any Note and remaining unclaimed for two years after such principal (and premium, if any) or interest has become due and payable shall be paid to the Company upon Company Request, or (if then held by the Company) shall be discharged from such trust; and the Holder of such Note shall thereafter, as an unsecured general creditor, look only to the Company for payment thereof unless an applicable abandoned property law designates another Person, and all liability of the Trustee or such Paying Agent with respect to such trust money, and all liability of the Company as trustee thereof, shall thereupon cease.

Section 404. <u>Use of Proceeds Prior to the Consummation of the Kito Crosby Acquisition</u>. Prior to the earlier of (i) the date of the consummation of the Kito Crosby Acquisition and (ii) the date on which the Notes are redeemed by the Company pursuant to a Special Mandatory Redemption pursuant to <u>Section</u> <u>1002</u>, the Company will not, and will not permit any of its Subsidiaries to, use the net proceeds from the issuance of the Notes for any other purpose other than making investments in Cash Equivalents or consummating the Kito Crosby Acquisition. Upon the consummation of the Kito Crosby Acquisition, this Section 404 will automatically cease to be of any force or effect.

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Section 405. <u>SEC Reports</u>. So long as any Notes are outstanding:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Whether or not the Company is subject to Section 13(a) or 15(d) of the Exchange Act, or any successor provision thereto, the Company shall provide to the Trustee and Holders the annual reports on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K which the Company would have been required to file with the SEC pursuant to such Section 13(a) or 15(d), or any successor provision thereto, if the Company were so required, such documents to be provided to the Trustee and Holders on or prior to the respective dates by which the Company would have been required to file such documents with the SEC if the Company were so required; provided that (A) any such reports and documents filed with the SEC pursuant to its Electronic Data Gathering, Analysis and Retrieval system ("<u>EDGAR</u>") (or any successor system) or made publicly available on the Company's website shall be deemed to have been delivered to the Trustee and the Holders of Notes for purposes of the foregoing requirements and (B) if the Company is no longer subject to Section 13(a) or 15(d) of the Exchange Act, or any successor provision thereto, then (x) no current reports on Form 8-K shall be required to be furnished if the Company determines in its good faith judgment that the applicable event requiring a current report on Form 8-K is not material to the Holders or the business, assets, operations, financial position or prospects of the Company and its Restricted Subsidiaries, taken as a whole; and (y) such annual, quarterly or current reports need not include any exhibits of Item 601 of Regulation S-K (except for financial statements of the Company) and shall not be required to comply with (i) Sections 302 and 404 of the Sarbanes-Oxley Act of 2002, and related Items 307 and 308 of Regulation S-K; (ii) Items 201, 401, 402, 404, 405, 406, 407 and 408 of Regulation S-K; (iii) Section 13(e) of the Exchange Act (relating to the Iran Threat Reduction and Syrian Human Rights Act); (iv) Form SD (relating to conflict minerals); (v) Items 14 and 16 of Form 10-K; (vi) Regulation G under the Exchange Act or Item 10(e) of Regulation S-K promulgated by the SEC with respect to any non-GAAP financial measures contained therein; or (vii) any climate-related disclosures related to SEC Release Nos. 33-11275 and 34-99678, including, without limitation, any information, reports or exhibits required by Article 14 of Regulation S-X or Item 1506 of Regulation S-K.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) So long as any of the Notes remain outstanding, if at any time the Company is not subject to Section 13(a) or 15(d) under the Exchange Act, the Company will make available to any market making financial institution, securities analyst, prospective purchaser of Notes or beneficial owner of Notes, upon their request, the information required by Rule 144A(d)(4) under the Securities Act until such time as the Holders of the Notes are able to sell all such Notes immediately without restriction pursuant to the provisions of Rule 144 under the Securities Act, or any successor provision thereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Only to the extent that the Company is no longer subject to the reporting requirements of Section 13(a) or 15(d) of the Exchange Act, within a reasonably prompt period of time after the date the annual or quarterly report for the prior fiscal period has been filed or furnished pursuant to this covenant, the Company shall also hold live quarterly conference calls (which may be a single conference call together with investors and lenders holding other securities or Indebtedness of the Company and/or its Restricted Subsidiaries) to discuss the Company's financial condition and results of operations for the relevant reporting period (an "<u>Earnings Call</u>"). No fewer than three Business Days prior to the date such Earnings Call is to be held, the Company shall issue a press release to the appropriate U.S. wire services announcing such Earnings Call, which press release shall contain the time and the date of such Earnings Call and either include information on how to access such Earnings Call or direct the recipients thereof to contact an individual at the Company (for whom contact information shall be provided in such notice) to obtain information on how to access such Earnings Call.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) In the event that any direct or indirect parent company of the Company becomes a guarantor of the Notes, the Company may satisfy its obligations under this covenant with respect to financial information relating to the Company by furnishing financial information relating to such parent company of the type otherwise so required, in each case within the applicable time periods; provided that the same is accompanied by consolidating information that explains in reasonable detail the differences between the information relating to such parent and its Subsidiaries, on the one hand, and the information relating to the Company and its Subsidiaries on a standalone basis, on the other hand.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) If the Company has designated any of its Subsidiaries as Unrestricted Subsidiaries and such Unrestricted Subsidiaries, either individually or collectively, would otherwise have been a Significant Subsidiary, then the annual and quarterly financial information required by this covenant shall include a reasonably detailed presentation, as determined in good faith by senior management of the Company, either on the face of the financial statements or in the footnotes to the financial statements or in the "Management's Discussion and Analysis of Financial Condition and Results of Operations" section, of the financial condition and results of operations of the Company and its Restricted Subsidiaries separate from the financial condition and results of operations of the Unrestricted Subsidiaries.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) To the extent any information is not provided within the time periods specified in this <u>Section</u> <u>405</u> and such information is subsequently provided, the Company will be deemed to have satisfied its obligations with respect thereto at such time and any Default with respect thereto shall be deemed to have been cured.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) Delivery of reports and documents to the Trustee is for informational purposes only and the Trustee's receipt of such shall not constitute constructive notice of any information contained therein or determinable from information contained therein, including the Company's or any Guarantor's, as the case may be, compliance with any of its covenants under this Indenture (as to which the Trustee is entitled to rely exclusively on Officer's Certificates of the Company). The Trustee shall have no obligation or responsibility to determine whether the Company is required to file any reports or other information with the SEC, whether the Company's information is available on EDGAR (or any successor system) or whether the Company has otherwise delivered any notice or report in accordance with the requirements specified in this <u>Section</u> <u>405</u>.

Subject to <u>Article VII</u>, delivery of reports, information and documents to the Trustee under this <u>Section</u> <u>405</u> is for informational purposes only and the Trustee's receipt (or constructive receipt) of the foregoing shall not constitute constructive notice of any information contained therein or determinable from information contained therein, including the Company's compliance with any of its covenants hereunder (as to which the Trustee is entitled to rely exclusively on an Officer's Certificate). Subject to <u>Article VII</u>, the Trustee is not obligated to confirm that the Company has complied with the covenants hereunder or its obligations contained in this <u>Section</u> <u>405</u> to file such reports with the SEC or post such reports and information on its website. The Trustee shall have no responsibility for the filing, timeliness or content of such reports.

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Section 406. <u>Statement as to Default</u>. The Company shall deliver to the Trustee, no later than five Business Days following 120 days after the end of each fiscal year of the Company commencing with the Company's fiscal year ending March 31, 2026, an Officer's Certificate to the effect that to the best knowledge of the signer thereof (on behalf of the Company) the Company is or is not in default in the performance and observance of any of the terms, provisions and conditions of this Indenture applicable to the Company (without regard to any period of grace or requirement of notice provided hereunder) and, if the Company shall be in default, specifying all such defaults and the nature and status thereof of which such signer may have knowledge.

Section 407. <u>Limitation on Indebtedness</u>. The Company will not, and will not permit any Restricted Subsidiary to, Incur any Indebtedness; <u>provided</u>, <u>however</u>, that the Company or any Restricted Subsidiary may Incur Indebtedness if on the date of the Incurrence of such Indebtedness, after giving effect to the Incurrence thereof (or, at the Company's option, on the date of the initial borrowing of such Indebtedness or entry into the definitive agreement providing the commitment to fund such Indebtedness after giving pro forma effect to the Incurrence of the entire committed amount of such Indebtedness (such committed amount, a "<u>Coverage Ratio Tested Committed Amount</u>"), in which case such Coverage Ratio Tested Committed Amount may thereafter be borrowed and reborrowed in whole or in part, from time to time without further compliance with this proviso), the Consolidated Coverage Ratio would be equal to or greater than 2.00:1.00; <u>provided</u>, further, that Non-Guarantor Subsidiaries may not Incur Indebtedness pursuant to this <u>Section 407</u>, together with <u>Section 407(b)(xvii)</u> if, after giving pro forma effect to such Incurrence, more than an aggregate of the greater of (i) $172.0 million and (ii) 40.0% of Four Quarter Consolidated EBITDA at the time of Incurrence of Indebtedness of Non-Guarantor Subsidiaries would be outstanding pursuant to this <u>Section 407</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Notwithstanding the foregoing <u>Section</u> <u>407(a)</u>, the Company and its Restricted Subsidiaries may Incur the following Indebtedness:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Indebtedness Incurred pursuant to (<u>x</u>) any Debt Facility (including but not limited to in respect of letters of credit or bankers' acceptances issued or created thereunder) and (<u>y</u>) the Notes, and (without limiting the foregoing), in each case, Refinancing Indebtedness in respect thereof (<u>I</u>) in a maximum principal amount at any time outstanding not exceeding in the aggregate the amount equal to the sum of (<u>1</u>) $2,550.0 million, plus (<u>2</u>) the amount equal to the greater of (<u>A</u>) $430.0 million and (<u>B</u>) 100.0% of Four Quarter Consolidated EBITDA, plus (<u>3</u>) the amount equal to the greater of (A) $500.0 million and (<u>B</u>) an amount equal to (but not less than zero) (1) the Domestic Borrowing Base <u>less</u> (<u>2</u>) the aggregate principal amount of Indebtedness Incurred by Special Purpose Entities that are Domestic Subsidiaries and then outstanding pursuant to <u>Section</u> <u>407(b)(ix)</u>, plus (<u>4</u>) in the event of any refinancing of any such Indebtedness, the aggregate amount of fees, underwriting discounts, premiums and other costs and expenses (including accrued and unpaid interest) Incurred or payable in connection with such refinancing, plus (<u>II</u>) in an unlimited amount if, after giving effect to the Incurrence of such amount (or, at the Company's option, on the date of the initial commitment to lend such additional amount after giving pro forma effect to the Incurrence of the entire committed amount of such additional amount), either (<u>A</u>) the Consolidated First Lien Leverage Ratio shall not exceed 5.00:1.00 or (<u>B</u>) in the case of

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Indebtedness being Incurred to finance or refinance, or otherwise Incurred in connection with, any acquisition of assets or Permitted Investment (including Capital Stock), business or Person, or any merger or consolidation of any Person with or into the Company or any Restricted Subsidiary, the Consolidated First Lien Leverage Ratio would equal or be less than the Consolidated First Lien Leverage Ratio immediately prior to giving effect thereto (amounts Incurred pursuant to this clause (II), the "<u>Ratio Incremental Facility</u>") (it being understood that (<u>A</u>) if pro forma effect is given to the entire committed amount of any such additional amount on the date of initial borrowing of such Indebtedness or entry into the definitive agreement providing the commitment to fund such Indebtedness, such committed amount may thereafter be borrowed and reborrowed in whole or in part, from time to time, without further compliance with this clause (<u>II</u>), and (<u>B</u>) in the case of incremental revolving commitments, the full drawing thereunder shall be assumed); provided that, solely for purpose of calculating the Consolidated Secured Leverage Ratio and Consolidated First Lien Leverage Ratio under this Section 407(b)(i), any outstanding Indebtedness Incurred under this Section 407(b)(i) that is unsecured or secured on a junior basis (in whole or in part) shall nevertheless be included in Section 407(b)(i) of the definition of each of "Consolidated Secured Leverage Ratio" and "Consolidated First Lien Leverage Ratio";

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Indebtedness (<u>A</u>) of any Restricted Subsidiary to the Company, or (<u>B</u>) of the Company or any Restricted Subsidiary to any Restricted Subsidiary; <u>provided</u> that, in the case of this <u>Section</u> <u>407(b)(ii)</u>, any subsequent issuance or transfer of any Capital Stock of such Restricted Subsidiary to which such Indebtedness is owed, or other event, that results in such Restricted Subsidiary ceasing to be a Restricted Subsidiary or any other subsequent transfer of such Indebtedness (except to the Company or a Restricted Subsidiary) will be deemed, in each case, an Incurrence of such Indebtedness by the issuer thereof not permitted by this <u>Section</u> <u>407(b)(ii</u>);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) Indebtedness represented by (<u>A</u>) [reserved], (<u>B</u>) any Indebtedness (other than the Indebtedness under the Senior Credit Facility and the Notes described in <u>Section</u> <u>407(b)(i)</u>) outstanding (or Incurred pursuant to any commitment outstanding) on the Issue Date or, with respect to the Kito Crosby Entities, the Kito Crosby Acquisition Closing Date and (<u>C</u>) any Refinancing Indebtedness Incurred in respect of any Indebtedness (or unutilized commitments) described in <u>Section</u> <u>407(a)</u>, this <u>Section</u> <u>407(b)(iii)</u> or <u>Section</u> <u>407(b)(xvii)</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) Purchase Money Obligations, Financing Lease Obligations, and in each case any Refinancing Indebtedness with respect thereto; <u>provided</u> that the aggregate principal amount of such Purchase Money Obligations Incurred to finance the acquisition of Capital Stock of any Person at any time outstanding pursuant to this <u>Section</u> <u>407(b)(iv)</u> shall not exceed an amount equal to the greater of (<u>A</u>) $129.0 million and (<u>B</u>) 30.0% of Four Quarter Consolidated EBITDA;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) Indebtedness (<u>A</u>) supported by a letter of credit issued pursuant to any Debt Facility in a principal amount not exceeding the face amount of such letter of credit or (<u>B</u>) consisting of accommodation guarantees for the benefit of trade creditors of the Company or any of its Restricted Subsidiaries;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) (<u>A</u>) Guarantees by the Company or any Restricted Subsidiary of Indebtedness or any other obligation or liability of the Company or any Restricted Subsidiary (other than any Indebtedness Incurred by the Company or such Restricted Subsidiary, as the case may be, in violation of this <u>Section</u> <u>407</u>) or (<u>B</u>) without limiting <u>Section</u> <u>413</u>, Indebtedness of the Company or any Restricted Subsidiary arising by reason of any Lien granted by or applicable to such Person securing Indebtedness of the Company or any Restricted Subsidiary (other than any Indebtedness Incurred by the Company or such Restricted Subsidiary, as the case may be, in violation of this <u>Section</u> <u>407</u>);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) Indebtedness of the Company or any Restricted Subsidiary (<u>A</u>) arising from the honoring of a check, draft or similar instrument of such Person drawn against insufficient funds in the ordinary course of business or (<u>B</u>) consisting of guarantees, indemnities, obligations in respect of earn-outs or other purchase price adjustments, or similar obligations, Incurred in connection with the acquisition or disposition of any business, assets or Person;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii) Indebtedness of the Company or any Restricted Subsidiary in respect of (<u>A</u>) letters of credit, bankers' acceptances or other similar instruments or obligations issued, or relating to liabilities or obligations incurred, in the ordinary course of business (including those issued to governmental entities in connection with self-insurance under applicable workers' compensation statutes), (<u>B</u>) performance and completion guarantees, surety, judgment, appeal, bid, performance or payment bonds, or other similar bonds, instruments or obligations, provided, or relating to liabilities or obligations incurred, in the ordinary course of business, (<u>C</u>) Hedging Obligations, entered into for bona fide hedging purposes, (<u>D</u>) Management Guarantees or Management Indebtedness, (<u>E</u>) the financing of insurance premiums in the ordinary course of business, (<u>F</u>) take-or-pay obligations under supply arrangements incurred in the ordinary course of business, (<u>G</u>) netting, overdraft protection and other arrangements arising under standard business terms of any bank at which the Company or any Restricted Subsidiary maintains an overdraft, cash pooling or other similar facility or arrangement, (<u>H</u>) Junior Capital in an aggregate principal amount at any time outstanding not to exceed the greater of (<u>1</u>) $172.0 million and (<u>2</u>) 40.0% of Four Quarter Consolidated EBITDA, (<u>I</u>) Bank Products Obligations or (<u>J</u>) Commodities Agreements, Currency Agreements or Interest Rate Agreements to the extent entered into by such Person in the ordinary course of business for the purpose of directly mitigating risks associated with liabilities, commitments, investments, assets, or property held or reasonably anticipated by such Person, or changes in the value of securities issued by such Person, and not for purposes of speculation or taking a "market view";

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ix) Indebtedness (<u>A</u>) of a Special Purpose Subsidiary secured by a Lien on all or part of the assets disposed of in, or otherwise Incurred in connection with, a Financing Disposition or (<u>B</u>) otherwise Incurred in connection with a Special Purpose Financing; <u>provided</u> that (<u>1</u>) such Indebtedness is not recourse to the Company or any Restricted Subsidiary that is not a Special Purpose Subsidiary (other than with respect to Special Purpose Financing Undertakings); (<u>2</u>) in the event such Indebtedness shall become recourse to the Company or any Restricted Subsidiary that is not a Special Purpose

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Subsidiary (other than with respect to Special Purpose Financing Undertakings), such Indebtedness will be deemed to be, and must be classified by the Company as, Incurred at such time (or at the time initially Incurred) under one or more of the other provisions of this <u>Section</u> <u>407</u> for so long as such Indebtedness shall be so recourse; and (<u>3</u>) in the event that at any time thereafter such Indebtedness shall comply with the provisions of the preceding subclause (1), the Company may classify such Indebtedness in whole or in part as Incurred under this <u>Section</u> <u>407(b)(ix)</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(x) Indebtedness of (<u>A</u>) the Company or any Restricted Subsidiary Incurred to finance or refinance, or otherwise Incurred in connection with, any acquisition of assets (including Capital Stock), business or Person, or any merger, amalgamation or consolidation of any Person with or into the Company or any Restricted Subsidiary or (<u>B</u>) any Person that is acquired by or merged, amalgamated or consolidated with or into the Company or any Restricted Subsidiary (including Indebtedness thereof Incurred in connection with any such acquisition, merger, amalgamation or consolidation); <u>provided</u> that on the date of such acquisition, merger, amalgamation or consolidation, after giving pro forma effect thereto, either (<u>1</u>) the Company could Incur at least $1.00 of additional Indebtedness pursuant to <u>Section</u> <u>407(b)(xvii)</u>, (<u>2</u>) the Consolidated Total Leverage Ratio of the Company would equal or be less than the Consolidated Total Leverage Ratio of the Company immediately prior to giving effect thereto or (<u>3</u>) the Company could Incur at least $1.00 of additional Indebtedness pursuant to <u>Section</u> <u>407(a)</u>; <u>provided</u>, further, that if, at the Company's option, on the date of the initial borrowing of such Indebtedness or entry into the definitive agreement providing the commitment to fund such Indebtedness, pro forma effect is given to the Incurrence of the entire committed amount of such Indebtedness, such committed amount may thereafter be borrowed and reborrowed, in whole or in part, from time to time, without further compliance with this <u>Section</u> <u>407(b)(x)</u>; and any Refinancing Indebtedness with respect to any such Indebtedness;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xi) Contribution Indebtedness and any Refinancing Indebtedness with respect thereto;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xii) Indebtedness issuable upon the conversion or exchange of shares of Disqualified Stock issued in accordance with <u>Section</u> <u>407(a)</u>, and any Refinancing Indebtedness with respect thereto;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xiii) Indebtedness of the Company or any Restricted Subsidiary in an aggregate principal amount at any time outstanding not exceeding an amount equal to the greater of (<u>A</u>) $172.0 million and (<u>B</u>) 40.0% of Four Quarter Consolidated EBITDA;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xiv) Indebtedness of (<u>A</u>) the Company or any Restricted Subsidiary Incurred as consideration in connection with or otherwise to finance any acquisition of assets (including Capital Stock), business or Person, or any merger or consolidation of any Person with or into the Company or any Restricted Subsidiary or (<u>B</u>) any Person that is acquired by or merged or consolidated with or into the Company or any Restricted Subsidiary (including Indebtedness thereof Incurred in connection with any such acquisition, merger or consolidation), and, in each case, any Refinancing Indebtedness with respect thereto, in an aggregate principal amount at any time outstanding not exceeding an amount equal to the greater of (<u>i</u>) $172.0 million and (<u>ii</u>) 40.0% of Four Quarter Consolidated EBITDA;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xv) Indebtedness of any Foreign Subsidiary in an aggregate principal amount at any time outstanding not exceeding an amount equal to the sum of (<u>i</u>) the greater of (<u>A</u>) $86.0 million and (<u>B</u>) 20.0% of Four Quarter Consolidated EBITDA and (<u>ii</u>) an amount equal to (but not less than zero) (<u>A</u>) the Foreign Borrowing Base <u>less</u> (<u>B</u>) the aggregate principal amount of Indebtedness Incurred by Special Purpose Subsidiaries that are Foreign Subsidiaries and then outstanding pursuant to <u>Section</u> <u>407(b)(ix)</u>, <u>plus</u> (<u>C</u>) in the event of any refinancing of any Indebtedness Incurred under this <u>clause (xv)</u>, the aggregate amount of fees, underwriting discounts, premiums and other costs and expenses (including accrued and unpaid interest) Incurred or payable in connection with such refinancing;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xvi) Indebtedness pursuant to any Letter of Credit Facility in an aggregate principal amount at any time outstanding not exceeding an amount equal to the greater of (<u>A</u>) $65.0 million and (<u>B</u>) 15.0% of Four Quarter Consolidated EBITDA; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xvii) Indebtedness of the Company or any Restricted Subsidiary in an unlimited amount if, after giving effect to the Incurrence of such amount (or, at the Company's option, on the date of the initial borrowing of such Indebtedness or entry into the definitive agreement providing the commitment to fund such Indebtedness after giving pro forma effect to the Incurrence of the entire committed amount thereof, in which case such committed amount may thereafter be borrowed and reborrowed in whole or in part, from time to time, without further compliance with this <u>Section</u> <u>407(b)</u><u>(xvii)</u>), if such Indebtedness is (<u>x</u>) secured by a Lien on an equal priority basis with the Liens on the Collateral securing the Notes, either (<u>I</u>) the Consolidated First Lien Leverage Ratio shall not exceed 5.00:1.00 or (<u>II</u>) in the case of Indebtedness being Incurred to finance or refinance, or otherwise Incurred in connection with, any acquisition of assets or Permitted Investment (including Capital Stock), business or Person, or any merger or consolidation of any Person with or into the Company or any Restricted Subsidiary, the Consolidated First Lien Leverage Ratio would equal or be less than the Consolidated First Lien Leverage Ratio immediately prior to giving effect thereto, (<u>y</u>) secured by a Lien on a junior lien basis with the Liens on the Collateral securing the Notes, either (<u>I</u>) the Consolidated Secured Leverage Ratio shall not exceed 5.50:1.00 or (<u>II</u>) in the case of Indebtedness being Incurred to finance or refinance, or otherwise Incurred in connection with, any acquisition of assets or Permitted Investment (including Capital Stock), business or Person, or any merger or consolidation of any Person with or into the Company or any Restricted Subsidiary, the Consolidated Secured Leverage Ratio would equal or be less than the Consolidated Secured Leverage Ratio immediately prior to giving effect thereto or (<u>z</u>) unsecured, either (<u>I</u>) (<u>A</u>) the Consolidated Total Leverage Ratio shall not exceed 6.00:1.00 or (<u>B</u>) in the case of Indebtedness being Incurred to finance or refinance, or otherwise Incurred in connection with, any acquisition of assets or Permitted Investment (including Capital Stock), business or Person, or any merger or consolidation of any Person with or into the Company or any Restricted Subsidiary, the Consolidated Total Leverage Ratio would equal or be less than the Consolidated Total Leverage Ratio immediately prior to giving effect thereto or (<u>II</u>) the Consolidated

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Coverage Ratio shall not be less than 2.00:1.00; provided, that Non-Guarantor Subsidiaries may not Incur Indebtedness pursuant to this <u>Section</u> <u>407(b)(xvii)</u>, together with <u>Section</u> <u>407(a)</u> if, after giving pro forma effect to such Incurrence, more than an aggregate of the greater of (<u>1</u>) $172.0 million and (<u>2</u>) 40.0% of Four Quarter Consolidated EBITDA at the time of Incurrence of Indebtedness of Non-Guarantor Subsidiaries would be outstanding pursuant to this <u>Section</u> <u>407(b)(xvii)</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) For purposes of determining compliance with, and the outstanding principal amount of any particular Indebtedness Incurred pursuant to and in compliance with, this <u>Section</u> <u>407</u>, (<u>i</u>) any other obligation of the obligor on such Indebtedness (or of any other Person who could have Incurred such Indebtedness under this <u>Section</u> <u>407</u>) arising under any Guarantee, Lien or letter of credit, bankers' acceptance or other similar instrument or obligation supporting such Indebtedness shall be disregarded to the extent that such Guarantee, Lien or letter of credit, bankers' acceptance or other similar instrument or obligation secures the principal amount of such Indebtedness; (<u>ii</u>) in the event that Indebtedness Incurred pursuant to <u>Section</u> <u>407(b)</u> meets the criteria of more than one of the types of Indebtedness described in <u>Section</u> <u>407(b)</u>, the Company, in its sole discretion, shall classify such item of Indebtedness and may include the amount and type of such Indebtedness in one or more of the clauses or subclauses of <u>Section</u> <u>407(b)</u> (including in part under one such clause or subclause and in part under another such clause or subclause); <u>provided</u> that (if the Company shall so determine) any Indebtedness Incurred pursuant to (<u>x</u>) <u>Section</u> <u>407(b)(iv)</u>, <u>Section</u> <u>407(b)(viii)</u>, <u>Section</u> <u>407(b)(xiii)</u>, <u>Section</u> <u>407(b)(xiv)</u>, <u>Section</u> <u>407(b)(xv)</u> or <u>Section</u> <u>407(b)(xvi)</u> shall cease to be deemed Incurred or outstanding for purposes of such clause or subclause but shall be deemed Incurred for the purposes of <u>Section</u> <u>407(a)</u> or <u>Section</u> <u>407(b)(i)(II)</u>, as applicable, from and after the first date on which the Company or any Restricted Subsidiary could have Incurred such Indebtedness under <u>Section</u> <u>407(a)</u> or <u>Section</u> <u>407(b)(i)(II)</u>, as applicable, without reliance on such clause or subclause and (<u>y</u>) <u>Section</u> <u>407(b)(i)(I)(B)</u> shall cease to be deemed Incurred or outstanding pursuant to such subclause but shall be deemed Incurred for purposes of <u>Section</u> <u>407(b)(i)(II)</u> from and after the first date on which the Company or a Restricted Subsidiary could have Incurred such Indebtedness under <u>Section</u> <u>407(b)(i)(II)</u> without reliance on such subclause; (<u>iii</u>) in the event that Indebtedness could be Incurred in part under <u>Section</u> <u>407(a)</u>, the Company, in its sole discretion, may classify a portion of such Indebtedness as having been Incurred under <u>Section</u> <u>407(a)</u> and the remainder of such Indebtedness as having been Incurred under <u>Section</u> <u>407(b)</u>; (<u>iv</u>) the amount of Indebtedness issued at a price that is less than the principal amount thereof shall be equal to the amount of the liability in respect thereof determined in accordance with GAAP; (<u>v</u>) the principal amount of Indebtedness outstanding under any clause or subclause of this <u>Section</u> <u>407</u> shall be determined after giving effect to the application of proceeds of any such Indebtedness to refinance any such other Indebtedness; (<u>vi</u>) if any commitments in respect of revolving or deferred draw Indebtedness are established in reliance on any provision of this <u>Section</u> <u>407</u> measured by reference to Four Quarter Consolidated EBITDA (or a percentage thereof), at the Company's option, on the date of the initial borrowing of such Indebtedness or entry into the definitive agreement providing for the commitment to fund such Indebtedness, after giving pro forma effect to the Incurrence of the entire committed amount of such Indebtedness (such committed amount, a "<u>Grower Tested Committed Amount</u>"), such Grower Tested Committed Amount may thereafter be borrowed and reborrowed, in whole or in part, from time to time, irrespective of whether or not such Incurrence would cause such Four Quarter Consolidated EBITDA (or a percentage thereof) to

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be exceeded and such Grower Tested Committed Amount shall be deemed outstanding pursuant to such basket so long as such commitments are in effect; (<u>vii</u>) if any Indebtedness is Incurred to refinance Indebtedness (or unutilized commitments in respect of Indebtedness) initially Incurred (or established) (or, to refinance Indebtedness Incurred (or commitments established) to refinance Indebtedness initially Incurred (or commitments initially established)) in reliance on any provision of <u>Section</u> <u>407(b)</u> measured by reference to Four Quarter Consolidated EBITDA (or a percentage thereof) at the time of Incurrence (or establishment), and such refinancing would cause such Four Quarter Consolidated EBITDA (or a percentage thereof) to be exceeded if calculated based on the Four Quarter Consolidated EBITDA (or a percentage thereof) on the date of such refinancing, such Four Quarter Consolidated EBITDA (or a percentage thereof) shall not be deemed to be exceeded (and such refinancing Indebtedness shall be deemed permitted) so long as the outstanding or committed principal amount of such refinancing Indebtedness does not exceed an amount equal to the outstanding or committed principal amount of such Indebtedness being refinanced, plus the aggregate amount of fees, underwriting discounts, premiums and other costs and expenses (including accrued and unpaid interest) Incurred or payable in connection with such refinancing; and (<u>viii</u>) if any Indebtedness is Incurred to refinance Indebtedness (or unutilized commitments in respect of Indebtedness) initially Incurred (or established) (or, to refinance Indebtedness Incurred (or commitments established) to refinance Indebtedness initially Incurred (or commitments initially established)) in reliance on any provision of <u>Section</u> <u>407(b)</u> measured by a dollar amount, such dollar amount shall not be deemed to be exceeded (and such refinancing Indebtedness shall be deemed permitted) to the extent the outstanding or committed principal amount of such refinancing Indebtedness does not exceed an amount equal to the outstanding or committed principal amount of such Indebtedness being refinanced, plus the aggregate amount of fees, underwriting discounts, premiums and other costs and expenses (including accrued and unpaid interest) Incurred or payable in connection with such refinancing. Notwithstanding anything herein to the contrary, Indebtedness Incurred by the Company on or after the Issue Date under the Notes and the Senior Credit Facility, in each case, shall be classified as Incurred under <u>Section</u> <u>407(b)(i)(I)</u>, and may not later be reclassified.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) For purposes of determining compliance with any provision of <u>Section</u> <u>407(b)</u> (or any category of Permitted Liens described in the definition thereof) denominated in Dollars or by reference to Consolidated Total Assets or Four Quarter Consolidated EBITDA (or a percentage thereof), in each case, for the Incurrence of Indebtedness or Liens securing Indebtedness denominated in a foreign currency, the dollar equivalent principal amount of such Indebtedness Incurred pursuant thereto shall be calculated based on the relevant currency exchange rate in effect on, at the Company's option, the date that such Indebtedness was Incurred or allocated or priced, in the case of term Indebtedness, or first committed, in the case of revolving or deferred draw Indebtedness; <u>provided</u> that if such Indebtedness is Incurred to modify, refinance, refund, renew or extend other Indebtedness denominated in a foreign currency, and such modification, refinancing, refunding, renewal or extension would cause the applicable Dollar-denominated restriction to be exceeded if calculated at the relevant currency exchange rate in effect on the date of such modification, refinancing, refunding, renewal or extension, such Dollar-denominated restriction shall be deemed not to have been exceeded so long as the principal amount of such refinancing Indebtedness does not exceed the principal amount of such Indebtedness being modified, refinanced, refunded, renewed or extended.

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Section 408. <u>[Reserved]</u>.

Section 409. <u>Limitation on Restricted Payments</u>. (a) The Company shall not, and shall not permit any Restricted Subsidiary, directly or indirectly, to (<u>i</u>) declare or pay any dividend or make any distribution on or in respect of its Capital Stock (including any such payment in connection with any merger or consolidation to which the Company is a party) except (<u>x</u>) dividends or distributions payable solely in its Capital Stock (other than Disqualified Stock) and (<u>y</u>) dividends or distributions payable to the Company or any Restricted Subsidiary (and, in the case of any such Restricted Subsidiary making such dividend or distribution, to other holders of its Capital Stock on no more than a pro rata basis, measured by value), (<u>ii</u>) purchase, redeem, retire or otherwise acquire for value any Capital Stock of the Company held by Persons other than the Company or a Restricted Subsidiary (other than any acquisition of Capital Stock deemed to occur upon the exercise of options if such Capital Stock represents a portion of the exercise price thereof), (<u>iii</u>) voluntarily purchase, repurchase, redeem, defease or otherwise voluntarily acquire or retire for value, prior to scheduled maturity, scheduled repayment or scheduled sinking fund payment, any Subordinated Obligations or Guarantor Subordinated Obligations (other than a purchase, repurchase, redemption, defeasance or other acquisition or retirement for value in anticipation of satisfying a sinking fund obligation, principal installment or final maturity, in each case due within one year of the date of such purchase, repurchase, redemption, defeasance or other acquisition or retirement) or (<u>iv</u>) make any Investment (other than a Permitted Investment) in any Person (any such dividend, distribution, purchase, repurchase, redemption, defeasance, other acquisition or retirement or Investment being herein referred to as a "<u>Restricted Payment</u>"), if at the time the Company or such Restricted Subsidiary makes such Restricted Payment after giving effect thereto:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) an Event of Default under <u>Sections 601(i)</u>, <u>(ii)</u>, <u>(iv)</u>, <u>(vii)</u>, <u>(viii)</u>, <u>(ix)</u>, <u>(xi)</u>, or <u>(xii)</u> shall have occurred and be continuing (or would result therefrom);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the Company could not Incur at least an additional $1.00 of Indebtedness pursuant to <u>Section</u> <u>407(a)</u>; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) the aggregate amount of such Restricted Payment and all other Restricted Payments (the amount so expended, if other than in cash, to be as determined in good faith by the Board of Directors, whose determination shall be conclusive and evidenced by a resolution of the Board of Directors) declared or made subsequent to the Issue Date and then outstanding would exceed, without duplication, the sum of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A) (<u>x</u>) the greater of (<u>a</u>) $86.0 million and (<u>b</u>) 20.0% of Four Quarter Consolidated EBITDA <u>plus</u> (<u>y</u>) 50.0% of the Consolidated Net Income accrued during the period (treated as one accounting period) beginning on January 1, 2026 to the end of the most recent fiscal quarter of the Company ending prior to the date of such Restricted Payment for which consolidated financial statements of the Company are available (or, in case such Consolidated Net Income shall be a negative number, 100.0% of such negative number);

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) the aggregate Net Cash Proceeds and the fair value (as determined in good faith by the Company, which determination shall be conclusive) of property or assets received (or deemed to be received) (<u>x</u>) by the Company as capital contributions to the Company after the Issue Date or from the issuance or sale (other than to a Restricted Subsidiary) of its Capital Stock (other than Disqualified Stock) after the Issue Date (other than Excluded Contributions and Contribution Amounts) or (<u>y</u>) by the Company or any Restricted Subsidiary from the Incurrence by the Company or any Restricted Subsidiary after the Issue Date of Indebtedness that shall have been converted into or exchanged for Capital Stock of the Company (other than Disqualified Stock), plus the amount of any cash and the fair value (as determined in good faith by the Company, which determination shall be conclusive) of any property or assets, received (or deemed to be received) by the Company or any Restricted Subsidiary upon such conversion or exchange;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(C) (<u>i</u>) the aggregate amount of cash and the fair value (as determined in good faith by the Company, which determination shall be conclusive) of any property or assets received (or deemed to be received) after the Issue Date from dividends, distributions, interest payments, return of capital, repayments of Investments or other transfers of assets to the Company or any Restricted Subsidiary from any Unrestricted Subsidiary after the Issue Date, including dividends or other distributions related to dividends or other distributions made pursuant to <u>Section</u> <u>409(b)(ix)</u>, plus (<u>ii</u>) the aggregate amount resulting from the redesignation after the Issue Date of any Unrestricted Subsidiary as a Restricted Subsidiary (valued in each case as provided in the definition of "Investment"); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(D) in the case of any disposition or repayment of any Investment constituting a Restricted Payment after the Issue Date (without duplication of any amount deducted in calculating the amount of Investments at any time outstanding included in the amount of Restricted Payments), the aggregate amount of cash and the fair value (as determined in good faith by the Company, which determination shall be conclusive) of any property or assets received (or deemed to be received) by the Company or a Restricted Subsidiary after the Issue Date with respect to all such dispositions and repayments.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The provisions of <u>Section</u> <u>409(a)</u> do not prohibit any of the following (each, a "<u>Permitted Payment</u>"):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) (<u>x</u>) any purchase, redemption, repurchase, defeasance or other acquisition or retirement of Capital Stock of the Company ("<u>Treasury Capital Stock</u>"), any Subordinated Obligations or Guarantor Subordinated Obligations made by exchange (including any such exchange pursuant to the exercise of a conversion right or privilege in connection with which cash is paid in lieu of the issuance of fractional shares) for, or out of the proceeds of the issuance or sale of, Capital Stock of the Company (other than Disqualified Stock and other than Capital Stock issued or sold to a Subsidiary) ("<u>Refunding Capital Stock</u>") or a capital contribution to the Company, in each case other than Excluded Contributions and Contribution Amounts; <u>provided</u> that the Net Cash Proceeds from such issuance, sale or capital contribution shall be excluded in subsequent

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calculations under <u>Section</u> <u>409(a)(3)(B)</u> and (<u>y</u>) if immediately prior to such acquisition or retirement of such Treasury Capital Stock, dividends thereon were permitted pursuant to <u>Section</u> <u>409(b)(xi)</u>, dividends on such Refunding Capital Stock in an aggregate amount per annum not exceeding the aggregate amount per annum of dividends so permitted on such Treasury Capital Stock;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) any dividend paid or redemption made within 60 days after the date of declaration thereof or of the giving of notice thereof, as applicable, if at such date of declaration or the giving of such notice, such dividend or redemption would have complied with this <u>Section</u> <u>409</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) Investments or other Restricted Payments (<u>x</u>) in an aggregate amount outstanding at any time not to exceed the amount of Excluded Contributions or (<u>y</u>) without duplication of <u>Section</u> <u>409(b)(x)</u>, in an amount equal to the lesser of (<u>A</u>) the Net Cash Proceeds from an Asset Disposition in respect of property or assets acquired after the Issue Date, if and to the extent the acquisition of such property or assets was financed with Excluded Contributions and (<u>B</u>) an amount equal to the amount of Excluded Contributions applied to finance such acquisitions of property or assets;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) [reserved];

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) Restricted Payments in an amount not to exceed in any fiscal year of the Company 6.0% of Market Capitalization;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) Restricted Payments (including loans or advances) in an aggregate amount outstanding at any time not to exceed an amount (net of repayments of any such loans or advances) equal to the greater of (<u>a</u>) $86.0 million and (<u>b</u>) 20.0% of Four Quarter Consolidated EBITDA;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) [reserved];

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii) payments by the Company in lieu of issuance of fractional shares of such Capital Stock;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ix) dividends or other distributions of, or Investments paid for or made with, Capital Stock, Indebtedness or other securities of Unrestricted Subsidiaries;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(x) any Restricted Payment pursuant to or in connection with the Transactions;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xi) so long as no Default or Event of Default shall have occurred and be continuing or would result therefrom, (<u>A</u>) dividends on any Designated Preferred Stock of the Company issued after the Kito Crosby Acquisition Closing Date; <u>provided</u> that at the time of such issuance and after giving effect thereto on a pro forma basis, the Consolidated Coverage Ratio would be at least 2.00:1.00; or (<u>B</u>) any dividend on Refunding Capital Stock that is Preferred Stock; <u>provided</u> that at the time of the declaration of such dividend and after giving effect thereto on a pro forma basis, the Consolidated Coverage Ratio would be at least 2.00:1.00;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xii) distributions or payments of Special Purpose Financing Fees;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xiii) the declaration and payment of dividends to holders of any class or series of Disqualified Stock, or of any Preferred Stock of a Restricted Subsidiary, Incurred in accordance with the terms of <u>Section</u> <u>407</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xiv) any purchase, redemption, repurchase, defeasance or other acquisition, retirement or repayment of any Subordinated Obligations or Guarantor Subordinated Obligations (<u>u</u>) made by exchange for, or out of the proceeds of the Incurrence of, (<u>1</u>) Refinancing Indebtedness Incurred in compliance with <u>Section</u> <u>407</u> or (<u>2</u>) new Indebtedness of the Company, or a Restricted Subsidiary, as the case may be, Incurred in compliance with <u>Section</u> <u>407</u> so long as such new Indebtedness satisfies all requirements for "Refinancing Indebtedness" set forth in the definition thereof applicable to a refinancing of such Subordinated Obligations or Guarantor Subordinated Obligations, (<u>w</u>) from Net Available Cash or an equivalent amount to the extent permitted by <u>Section</u> <u>411</u> (<u>x</u>) following the occurrence of a Change of Control (or other similar event described therein as a "change of control"), but only if the Company shall have complied with <u>Section</u> <u>415</u> and, if required, purchased all Notes tendered pursuant to the offer to repurchase all of the Notes required thereby, prior to purchasing, redeeming, repurchasing, defeasing, acquiring, retiring or repaying such Subordinated Obligations or Guarantor Subordinated Obligations, (<u>y</u>) constituting Acquired Indebtedness or (<u>z</u>) in an aggregate amount outstanding at any time not exceeding the sum of (<u>1</u>) an amount equal to the greater of (<u>a</u>) $151.0 million and (<u>b</u>) 35.0% of Four Quarter Consolidated EBITDA and (<u>2</u>) the Available Restricted Payments Amount;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xv) Investments or other Restricted Payments in an aggregate amount outstanding at any time not to exceed an aggregate amount equal to (<u>x</u>) the aggregate amount of all Declined Excess Proceeds plus (<u>y</u>) the aggregate amount of all Leverage Excess Proceeds;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xvi) Investments in Unrestricted Subsidiaries in an aggregate amount outstanding at any time not exceeding an amount equal to the greater of (<u>x</u>) $86.0 million and (<u>y</u>) 20.0% of Four Quarter Consolidated EBITDA;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xvii) (<u>x</u>) any Restricted Payment of the type described in clause (i) or (ii) of the definition thereof contained in <u>Section</u> <u>409(a)</u>; <u>provided</u> that on a pro forma basis after giving effect to such Restricted Payment the Consolidated Total Leverage Ratio would be equal to or less than 4.00:1.00, (<u>y</u>) any Restricted Payment of the type described in clause (iii) of the definition thereof contained in <u>Section</u> <u>409(a)</u>; <u>provided</u> that on a pro forma basis after giving effect to such Restricted Payment the Consolidated Total Leverage Ratio would be equal to or less than 4.50:1.00 and (<u>z</u>) any Restricted Payment of the type described in clause (iv) of the definition thereof contained in <u>Section</u> <u>409(a)</u>; <u>provided</u> that on a pro forma basis after giving effect to such Restricted Payment the Consolidated Total Leverage Ratio would be equal to or less than 4.50:1.00;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xviii) Restricted Payments in cash to pay or permit the Company to pay any amounts payable in respect of guarantees, indemnities, obligations in respect of earn-outs or other purchase price adjustments, or similar obligations, incurred in connection with the acquisition or disposition of any business, assets or Person, as long as such business, assets or Person have been acquired by or disposed of by the Company or a Restricted Subsidiary, or such business, assets or Person (or in the case of a disposition, the Net Available Cash thereof) have been contributed to the Company or a Restricted Subsidiary;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xix) payments or distributions to satisfy dissenters' or appraisal rights and the settlement of any claims or actions (whether actual, contingent or potential) with respect thereto, pursuant to or in connection with any acquisition of assets (including Capital Stock), business or Person, or any merger or consolidation of any Person with or into the Company or any Restricted Subsidiary, or any other Investment;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xx) Restricted Payments to the Company, the proceeds of which are applied by the Company in connection with any acquisition of assets (including Capital Stock), business or Person, or any merger, amalgamation or consolidation of any Person with or into the Company or any Subsidiary thereof, or any other Investment; <u>provided</u> that (<u>A</u>) such acquisition, merger, amalgamation or consolidation or other Investment would have been permitted under this Indenture had it been consummated by the Company or a Restricted Subsidiary (with such transaction being deemed to utilize the relevant covenant basket or exception under this Indenture), (<u>B</u>) such Restricted Payment shall be made substantially concurrently with the closing of such acquisition, merger, amalgamation or consolidation or other Investment and (<u>C</u>) the Company shall, substantially concurrently with the closing thereof, cause (<u>1</u>) such business, assets or Person acquired and any liabilities assumed to be contributed to the Company or a Restricted Subsidiary or (<u>2</u>) the merger or amalgamation into the Company or one of its Restricted Subsidiaries in accordance with <u>Section</u> <u>501</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxi) prepayments or purchases of principal by the Company in respect of Indebtedness permitted under <u>Section</u> <u>407(b)(xvii)(z)</u>, so long as such Restricted Payments are made with the proceeds of Indebtedness permitted under <u>Section</u> <u>407(b)(xvii)(z)</u>; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxii) repurchases of Capital Stock by the Company deemed to occur upon the exercise of stock options or warrants if such Capital Stock represents a portion of the exercise price of such options or warrants or taxes payable in connection with the vesting or exercise of such options or warrants; provided that no Event of Default under <u>Sections 601(i)</u> or <u>(ii)</u> shall have occurred and be continuing or would result therefrom;

<u>provided</u> that (<u>A</u>) in the case of <u>Section</u> <u>409(b)(ii)</u>, <u>(v)</u> and <u>(viii)</u>, the net amount of any such Permitted Payment shall be included in subsequent calculations of the amount of Restricted Payments, (<u>B</u>) in all cases other than pursuant to clause (A) immediately above, the net amount of any such Permitted Payment shall be excluded in subsequent calculations of the amount of Restricted Payments and (<u>C</u>) solely with respect to <u>Section</u> <u>409(b)(vi)</u> and <u>(xvii)</u>, no Event of Default under <u>Sections 601(i)</u>, <u>(ii)</u>, <u>(iv)</u>, <u>(vii)</u>, <u>(viii)</u>, <u>(ix)</u>, <u>(xi)</u>, or <u>(xii)</u> or other Event of Default known to the Company shall have occurred and be continuing at the time of any such Permitted Payment after giving effect thereto. The amount of any Investment or other Restricted Payment,

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if other than in cash, shall be determined in good faith by the Company, which determination shall be conclusive. The Company, in its sole discretion, may classify any Investment or other Restricted Payment as being made in part under one of the provisions of this <u>Section</u> <u>409</u> (or, in the case of any Investment, the clauses or subclauses of Permitted Investments) and in part under one or more other such provisions (or, as applicable, clauses or subclauses). In any event that any Investment or other Restricted Payment (or any portion thereof) meets the criteria of one or more of the clauses or subclauses of this <u>Section</u> <u>409(b)</u> (or, in the case of any Investment, the clauses or subclauses of Permitted Investments), the Company may, in its sole discretion, classify or reclassify such Investment or other Restricted Payment (or any portion thereof) in any manner that complies with this <u>Section</u> <u>409(b)</u> and the definition of Permitted Investment.

If the Company or any of its Restricted Subsidiaries makes a Restricted Payment that, at the time of the making of such Restricted Payment, in the good faith determination of the Company, would be permitted under the requirements of this Indenture, such Restricted Payment shall be deemed to have been made in compliance with this Indenture notwithstanding any subsequent adjustment made in good faith to the Company's financial statements affecting Consolidated Net Income or Consolidated EBITDA, as applicable.

Notwithstanding any other provision of this Indenture, the consummation of any transaction (whether by way of sale, conveyance, transfer, or other disposition, and whether in a single transaction or series of related transactions) that results in the transfer of Material Intellectual Property from the Company or any Restricted Subsidiary to an Unrestricted Subsidiary shall not constitute a Permitted Investment.

Notwithstanding any provision to the contrary elsewhere in this Indenture, Investments in Unrestricted Subsidiaries may only be made in reliance on <u>clause (b)(xvi)</u> of this <u>Section</u> <u>409</u>.

Notwithstanding any other provision of this Indenture, this Indenture shall not restrict any redemption or other payment by the Company or any Restricted Subsidiary made as a mandatory principal redemption or other payment in respect of Subordinated Obligations or Guarantor Subordinated Obligations pursuant to an "AHYDO saver" provision of any agreement or instrument in respect of Subordinated Obligations or Guarantor Subordinated Obligations and the Company's determination in good faith (which determination shall be conclusive) of the amount of any such "AHYDO saver" mandatory principal redemption or other payment shall be conclusive and binding for all purposes under this Indenture.

Section 410. <u>Limitation on Restrictions on Distributions from Restricted Subsidiaries</u>. The Company will not, and will not permit any Restricted Subsidiary to, create or otherwise cause to exist or become effective any consensual encumbrance or restriction on the ability of any Restricted Subsidiary to (<u>i</u>) pay dividends or make any other distributions on its Capital Stock or pay any Indebtedness or other obligations owed to the Company, (<u>ii</u>) make any loans or advances to the Company or (<u>iii</u>) transfer any of its property or assets to the Company (<u>provided</u> that dividend or liquidation priority between classes of Capital Stock, or subordination of any obligation (including the application of any remedy bars thereto) to any other obligation, will not be deemed to constitute such an encumbrance or restriction), except any encumbrance or restriction:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) pursuant to an agreement or instrument in effect at or entered into on the Issue Date or, with respect to the Kito Crosby Entities, the Kito Crosby Acquisition Closing Date, any Debt Facility, this Indenture, the Note Security Documents, the Intercreditor Agreements or the Notes;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) pursuant to any agreement or instrument of a Person, or relating to Indebtedness or Capital Stock of a Person, which Person is acquired by or merged or consolidated with or into the Company or any Restricted Subsidiary, or which agreement or instrument is assumed by the Company or any Restricted Subsidiary in connection with an acquisition of assets from such Person, or any other transaction entered into in connection with any such acquisition, merger or consolidation, as in effect at the time of such acquisition, merger, consolidation or transaction (except to the extent that such Indebtedness was incurred to finance, or otherwise incurred in connection with, such acquisition, merger, consolidation or transaction); <u>provided</u> that for purposes of this <u>Section</u> <u>410(2)</u>, if a Person other than the Company is the Successor Company with respect thereto, any Subsidiary thereof or agreement or instrument of such Person or any such Subsidiary shall be deemed acquired or assumed, as the case may be, by the Company or a Restricted Subsidiary, as the case may be, when such Person becomes such Successor Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) pursuant to an agreement or instrument (a "<u>Refinancing Agreement</u>") effecting a refinancing of Indebtedness Incurred or outstanding pursuant or relating to, or that otherwise extends, renews, refunds, refinances or replaces, any agreement or instrument referred to in <u>Sections 410(1)</u>, <u>(2)</u> or <u>(3)</u> (an "<u>Initial Agreement</u>") or that is, or is contained in, any amendment, supplement or other modification to an Initial Agreement or Refinancing Agreement (an "<u>Amendment</u>"); <u>provided</u>, <u>however</u>, that the encumbrances and restrictions contained in any such Refinancing Agreement or Amendment taken as a whole are not materially less favorable to the Holders of the Notes than encumbrances and restrictions contained in the Initial Agreement or Initial Agreements to which such Refinancing Agreement or Amendment relates (as determined in good faith by the Company, which determination shall be conclusive);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) (<u>A</u>) pursuant to any agreement or instrument that restricts in a customary manner (as determined in good faith by the Company, which determination shall be conclusive) the assignment or transfer thereof, or the subletting, assignment or transfer of any property or asset subject thereto, (<u>B</u>) by virtue of any transfer of, agreement to transfer, option or right with respect to, or Lien on, any property or assets of the Company or any Restricted Subsidiary not otherwise prohibited by this Indenture, (<u>C</u>) contained in mortgages, pledges or other security agreements securing Indebtedness or other obligations of the Company or a Restricted Subsidiary to the extent restricting the transfer of the property or assets subject thereto, (<u>D</u>) pursuant to customary provisions (as determined in good faith by the Company, which determination shall be conclusive) restricting dispositions of real property interests set forth in any reciprocal easement agreements of the Company or any Restricted Subsidiary, (<u>E</u>) pursuant to Purchase Money Obligations that impose encumbrances or restrictions on the property or assets so acquired, (<u>F</u>) on cash or other deposits or net worth or inventory imposed by customers or suppliers under agreements entered into in the ordinary course of business, (<u>G</u>) pursuant

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to customary provisions (as determined in good faith by the Company, which determination shall be conclusive) contained in agreements and instruments entered into in the ordinary course of business (including but not limited to leases and licenses) or in joint venture and other similar agreements or in shareholder, partnership, limited liability company and other similar agreements in respect of non-wholly owned Restricted Subsidiaries, (<u>H</u>) that arises or is agreed to in the ordinary course of business and does not detract from the value of property or assets of the Company or any Restricted Subsidiary in any manner material to the Company or such Restricted Subsidiary, (<u>I</u>) pursuant to Hedging Obligations or Bank Products Obligations or (J) that arises under the terms of documentation governing any factoring agreement or any similar arrangements that in the good faith determination of the Company, which determination shall be conclusive, are necessary or appropriate to effect such factoring agreement or similar arrangements;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5) with respect to any agreement for the direct or indirect sale or other disposition of Capital Stock, property or assets of any Person, imposing restrictions with respect to such Person, Capital Stock, property or assets pending the closing of such sale or other disposition;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6) by reason of any applicable law, rule, regulation or order, or required by any regulatory authority having jurisdiction over the Company or any Restricted Subsidiary or any of their businesses, including any such law, rule, regulation, order or requirement applicable in connection with such Restricted Subsidiary's status (or the status of any Subsidiary of such Restricted Subsidiary) as a Captive Insurance Subsidiary;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7) pursuant to an agreement or instrument (<u>A</u>) relating to any Indebtedness permitted to be Incurred subsequent to the Issue Date or, with respect to the Kito Crosby Entities, the Kito Crosby Acquisition Closing Date pursuant to <u>Section</u> <u>407</u> (<u>i</u>) if the encumbrances and restrictions contained in any such agreement or instrument taken as a whole are not materially less favorable to the Holders of the Notes than the encumbrances and restrictions contained in the Initial Agreements (as determined in good faith by the Company, which determination shall be conclusive) or (<u>ii</u>) if such encumbrance or restriction is not materially more disadvantageous to the Holders of the Notes than is customary in comparable financings (as determined in good faith by the Company, which determination shall be conclusive) and either (<u>x</u>) the Company determines in good faith, which determination shall be conclusive, that such encumbrance or restriction will not materially affect the Company's ability to make principal or interest payments on the Notes or (<u>y</u>) such encumbrance or restriction applies only if a default occurs under a circumstance described in <u>Section</u> <u>601(viii)</u> below or in respect of a payment or financial covenant relating to such Indebtedness, (<u>B</u>) relating to any sale of receivables by or Indebtedness of a Foreign Subsidiary or (<u>C</u>) relating to Indebtedness of or a Financing Disposition by or to or in favor of any Special Purpose Entity;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(8) any agreement relating to intercreditor arrangements and related rights and obligations, to or by which the Noteholders and/or the Trustee, the Note Collateral Agent or any other agent, trustee or representative on their behalf may be party or bound at any time or from time to time, and any agreement providing that in the event that a Lien is granted for the benefit of the Noteholders another Person shall also receive a Lien, which Lien is permitted under <u>Section</u> <u>413</u>; or

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(9) any agreement governing or relating to Indebtedness and/or other obligations and liabilities secured by a Lien permitted under <u>Section</u> <u>413</u> (in which case any restriction shall only be effective against the assets subject to such Lien, except as may be otherwise permitted under this <u>Section</u> <u>410</u>).

Section 411. <u>Limitation on Sales of Assets and Subsidiary Stock</u>. (a) The Company will not, and will not permit any Restricted Subsidiary to, make any Asset Disposition unless:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the Company or such Restricted Subsidiary receives consideration (including by way of relief from, or by any other Person assuming responsibility for, any liabilities, contingent or otherwise) at the time of such Asset Disposition at least equal to the fair market value (as of the date on which a legally binding commitment for such Asset Disposition was entered into) of the shares and assets subject to such Asset Disposition, as such fair market value may be determined (and shall be determined, to the extent such Asset Disposition or any series of related Asset Dispositions involves aggregate consideration (including as to the value of all non-cash consideration) in excess of the greater of (<u>a</u>) $108.0 million and (<u>b</u>) 25.0% of Four Quarter Consolidated EBITDA in good faith by the Company, whose determination shall be conclusive);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) in the case of any Asset Disposition (or series of related Asset Dispositions) having a fair market value (as determined in good faith by the Company, whose determination shall be conclusive, as of the date on which a legally binding commitment for such Asset Disposition was entered into) of the greater of (<u>a</u>) $108.0 million and (<u>b</u>) 25.0% of Four Quarter Consolidated EBITDA or more, at least 75.0% of the consideration therefor (excluding, in the case of an Asset Disposition (or series of related Asset Dispositions), any consideration by way of relief from, or by any other Person assuming responsibility for, any liabilities, contingent or otherwise, that are not Indebtedness) received by the Company or such Restricted Subsidiary for such Asset Disposition, when taken together with any consideration received by the Company or any Restricted Subsidiary in connection with any other Asset Dispositions since the Issue Date (on a cumulative basis), is in the form of cash; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) an amount equal to 100.0% (as such percentage may be adjusted pursuant to clause (3) of the proviso to <u>Section</u> <u>411(b)</u> and <u>Section</u> <u>411(c)</u>) of the Net Available Cash from such Asset Disposition (such amount, the "<u>Net Available Cash Amount</u>") is applied by the Company (or any Restricted Subsidiary, as the case may be) in accordance with <u>Section</u> <u>411(b)</u> or <u>Section</u> <u>411(c)</u>.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) To the extent that such Net Available Cash Amount is from an Asset Disposition of any Collateral, such Net Available Cash is applied by the Company (or any Restricted Subsidiary, as the case may be) as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A) <u>first</u>, either (<u>x</u>) to the extent the Company or such Restricted Subsidiary elects (or is required by the terms of any Debt Facility Indebtedness or other Senior Priority Obligations), to prepay, repay or purchase any Senior Priority Obligations or (in the case of letters of credit, bankers' acceptances or other similar instruments) cash collateralize any such Senior Priority Obligations within 365 days after the later of the date of such Asset Disposition and the date of receipt of such Net Available Cash; or (<u>y</u>) to the extent the Company or such Restricted Subsidiary elects, to invest in Additional Assets (including by means of an investment in Additional Assets by a Restricted Subsidiary with an amount equal to Net Available Cash received by the Company or another Restricted Subsidiary) within (<u>I</u>) 365 days after the later of the date of such Asset Disposition and the date of receipt of such Net Available Cash (such period the "<u>Reinvestment Period</u>") or (<u>II</u>) if such investment in Additional Assets is a project authorized by the Board of Directors that will take longer than such 365 days to complete, the period of time necessary to complete such project;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) <u>second</u>, to the extent of the balance of such Net Available Cash Amount after application in accordance with clause (A) above (such balance, the "<u>Excess Collateral Proceeds</u>"), to make an offer to purchase the Notes and (to the extent the Company or such Restricted Subsidiary elects, or is required by the terms thereof) to make an offer to purchase, redeem or repay and/or to purchase, redeem or repay any other Senior Indebtedness of the Company or a Restricted Subsidiary secured by Liens that rank *pari passu* in right of security with the Liens on Collateral securing the Notes (it being understood that to the extent any Holders shall decline such offer, such Excess Proceeds may be applied to purchase, redeem or repay any Senior Indebtedness that is not a Senior Priority Obligation), pursuant and subject to the conditions of this Indenture and the agreements or instruments governing such other Senior Indebtedness; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(C) <u>third</u>, to the extent of the balance of such Net Available Cash Amount or equivalent amount after application in accordance with clauses (A) and (B) above (including, an amount equal to the amount of any purchase, redemption or repayment contemplated by clause (B) above that is declined or not accepted by any applicable holder) (the amount of such balance, the "<u>Declined Collateral Excess Proceeds</u>"), to fund (to the extent consistent with any other applicable provision of this Indenture) any general corporate purpose (including but not limited to the repurchase, repayment or other acquisition or retirement of any Subordinated Obligations or Guarantor Subordinated Obligations);

<u>provided</u>, <u>however</u>, that (<u>1</u>) in connection with any prepayment, repayment, purchase or redemption of Indebtedness pursuant to clause (A)(x) or (B) above, the Company or such Restricted Subsidiary will retire such Indebtedness and will cause the related loan commitment (if any) to be permanently reduced in an amount equal to the principal amount so prepaid, repaid, purchased or redeemed; (<u>2</u>) the Company (or any Restricted Subsidiary, as the case may be) may elect to invest in Additional Assets prior to receiving the Net Available Cash attributable to any given Asset Disposition (<u>provided</u> that such investment shall be made no earlier than the earliest of notice of the relevant Asset Disposition to the Trustee, execution of a definitive agreement for

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the relevant Asset Disposition, and consummation of the relevant Asset Disposition) and deem the amount so invested to be applied pursuant to and in accordance with clause (A)(y) above with respect to such Asset Disposition; and (<u>3</u>) the percentage first set forth in <u>Section</u> <u>411(a)(iii)</u> shall be reduced to (<u>x</u>) 50.0% if the Consolidated First Lien Leverage Ratio at the time of such Asset Disposition (or, at the Company's option, on the date a legally binding commitment for such Asset Disposition was entered into) would be equal to or less than 4.50:1.00 and (<u>y</u>) 0.0% if the Consolidated First Lien Leverage Ratio at the time of such Asset Disposition (or, at the Company's option, on the date a legally binding commitment for such Asset Disposition was entered into) would be equal to or less than 4.00:1.00, in each case after giving pro forma effect to any application of such Net Available Cash as set forth herein (any Net Available Cash in respect of Asset Dispositions not required to be applied in accordance with <u>Section</u> <u>411</u> as a result of the application of this clause (3) shall collectively constitute "<u>Leverage Excess Collateral Proceeds</u>").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) To the extent that such Net Available Cash Amount is from an Asset Disposition involving any assets not constituting Collateral ("<u>Other Assets</u>"), such Net Available Cash is applied by the Company (or any Restricted Subsidiary, as the case may be) as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A) <u>first</u>, either (<u>x</u>) to the extent the Company or such Restricted Subsidiary elects (or is required by the terms of any Debt Facility Indebtedness, any Senior Indebtedness of the Company or any Guarantor or any Indebtedness of a Restricted Subsidiary that is not a Guarantor), to prepay, repay or purchase any Senior Indebtedness of the Company or any Guarantor or (in the case of letters of credit, bankers' acceptances or other similar instruments) cash collateralize any such Senior Indebtedness within 365 days after the later of the date of such Asset Disposition and the date of receipt of such Net Available Cash; or (<u>y</u>) to the extent the Company or such Restricted Subsidiary elects, to invest in Additional Assets (including by means of an investment in Additional Assets by a Restricted Subsidiary with an amount equal to Net Available Cash received by the Company or another Restricted Subsidiary) within the (<u>I</u>) Reinvestment Period or (<u>II</u>) if such investment in Additional Assets is a project authorized by the Board of Directors that will take longer than such 365 days to complete and is subject to a binding written commitment entered into during the Reinvestment Period, the period of time necessary to complete such project;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) <u>second</u>, to the extent of the balance of such Net Available Cash Amount after application in accordance with <u>clause (A)</u> above (together with the Excess Collateral Proceeds, the "<u>Excess Proceeds</u>") to make an offer to purchase the Notes and (to the extent the Company or such Restricted Subsidiary elects, or is required by the terms thereof) to make an offer to purchase, redeem or repay and/or to purchase, redeem or repay any other Indebtedness of the Company or a Restricted Subsidiary secured by Liens that rank *pari passu* in right of security with the Liens on Collateral securing the Notes, pursuant and subject to the conditions of this Indenture and the agreements or instruments governing such other Senior Indebtedness; and

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(C) <u>third</u>, to the extent of the balance of such Net Available Cash Amount or equivalent amount after application in accordance with clauses (A) and (B) above (including, an amount equal to the amount of any purchase, redemption or repayment contemplated by clause (B) above that is declined or not accepted by any applicable holder) (together with the Declined Collateral Excess Proceeds, "<u>Declined Excess Proceeds</u>"), to fund (to the extent consistent with any other applicable provision of this Indenture) any general corporate purpose (including but not limited to the repurchase, repayment or other acquisition or retirement of any Subordinated Obligations or Guarantor Subordinated Obligations);

<u>provided</u>, <u>however</u>, that (<u>1</u>) in connection with any prepayment, repayment, purchase or redemption of Indebtedness pursuant to clause (A)(x) or (B) above, the Company or such Restricted Subsidiary will retire such Indebtedness and will cause the related loan commitment (if any) to be permanently reduced in an amount equal to the principal amount so prepaid, repaid, purchased or redeemed; (<u>2</u>) the Company (or any Restricted Subsidiary, as the case may be) may elect to invest in Additional Assets prior to receiving the Net Available Cash attributable to any given Asset Disposition (<u>provided</u> that such investment shall be made no earlier than the earliest of notice of the relevant Asset Disposition to the Trustee, execution of a definitive agreement for the relevant Asset Disposition, and consummation of the relevant Asset Disposition) and deem the amount so invested to be applied pursuant to and in accordance with clause (A)(y) above with respect to such Asset Disposition; and (<u>3</u>) the percentage first set forth in <u>Section</u> <u>411(a)(iii)</u> shall be reduced to (<u>x</u>) 50.0% if the Consolidated First Lien Leverage Ratio at the time of such Asset Disposition (or, at the Company's option, on the date a legally binding commitment for such Asset Disposition was entered into) would be equal to or less than 4.50:1.00 and (<u>y</u>) 0.0% if the Consolidated First Lien Leverage Ratio at the time of such Asset Disposition (or, at the Company's option, on the date a legally binding commitment for such Asset Disposition was entered into) would be equal to or less than 4.00:1.00, in each case after giving pro forma effect to any application of such Net Available Cash as set forth herein (any Net Available Cash in respect of Asset Dispositions not required to be applied in accordance with this <u>Section</u> <u>411</u> as a result of the application of this clause (3), together with the Leverage Excess Collateral Proceeds, shall collectively constitute "<u>Leverage Excess Proceeds</u>").

Notwithstanding the foregoing provision in <u>Section</u> <u>411(a)(iii)</u>, to the extent that repatriating any or all of the Net Available Cash from any Asset Disposition by a Foreign Subsidiary (<u>x</u>) would result in material adverse tax consequences to any of its Subsidiaries or (<u>y</u>) (<u>1</u>) would reasonably be expected to be prohibited or delayed by or violate or conflict with applicable local law, (<u>2</u>) is restricted by applicable organizational documents or any agreement, (<u>3</u>) subject to other organizational or administrative impediments from being repatriated to the United States or (<u>4</u>) conflicts with the fiduciary duties of the applicable directors, or results in, or would reasonably be expected to result in, a material risk of personal or criminal liability for any applicable officer, director or manager (in the case of the foregoing clauses (x) and (y), as determined in good faith by the Company, which determination shall be conclusive), the portion of such Net Available Cash so affected will not be required to be applied in compliance with <u>Section</u> <u>411(a)(iii)</u>, and such amounts may be retained by the applicable Foreign Subsidiary; <u>provided</u> that, in the case of this clause (y), the Company shall take commercially reasonable efforts to cause the applicable Foreign Subsidiary to take all actions reasonably required by the

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applicable local law, the applicable organizational documents or agreements, the applicable organizational impediments or other impediment to permit such repatriation, and if such repatriation of any of such affected Net Available Cash can be achieved without any such prohibition, delay, violation, conflict, restriction, impediment or risk, such repatriation will be promptly effected and such repatriated Net Available Cash will be applied (whether or not repatriation actually occurs) in compliance with <u>Section</u> <u>411(a)(iii)</u>. The time periods set forth in this <u>Section</u> <u>411</u> shall not start until such time as the Net Available Cash may be repatriated whether or not such repatriation actually occurs.

Notwithstanding the foregoing provisions of this <u>Section</u> <u>411</u>, the Company and the Restricted Subsidiaries shall not be required to apply any Net Available Cash or equivalent amount in accordance with this <u>Section</u> <u>411</u> except to the extent that the aggregate Net Available Cash from all Asset Dispositions or equivalent amount that is not applied in accordance with this <u>Section</u> <u>411</u> (excluding all Leverage Excess Proceeds) exceeds the greater of (<u>i</u>) $129.0 million and (<u>ii</u>) 30.0% of Four Quarter Consolidated EBITDA, in which case the Company and the Restricted Subsidiaries shall apply all such Net Available Cash or equivalent amount from such Asset Dispositions in excess of this threshold of the greater of (<u>A</u>) $129.0 million and (<u>B</u>) 30.0% of Four Quarter Consolidated EBITDA in accordance with this <u>Section</u> <u>411</u>. If the aggregate principal amount of Notes and/or other Indebtedness of the Company or a Restricted Subsidiary validly tendered and not withdrawn (or otherwise subject to purchase, redemption or repayment) in connection with an offer pursuant to <u>Section</u> <u>411(b)(B)</u> and <u>Section</u> <u>411(c)(B)</u> exceeds the Excess Proceeds, the Excess Proceeds will be apportioned between such Notes and such other Indebtedness of the Company or a Restricted Subsidiary, with the portion of the Excess Proceeds payable in respect of such Notes to equal the lesser of (<u>x</u>) the Excess Proceeds amount multiplied by a fraction, the numerator of which is the outstanding principal amount of such Notes and the denominator of which is the sum of the outstanding principal amount of the Notes and the outstanding principal amount of the relevant other Indebtedness of the Company or a Restricted Subsidiary, and (<u>y</u>) the aggregate principal amount of Notes validly tendered and not withdrawn.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) For the purposes of <u>Section</u> <u>411(a)(ii)</u>, the following are deemed to be cash: (<u>1</u>) Temporary Cash Investments and Cash Equivalents; (<u>2</u>) the assumption of Indebtedness of the Company (other than Disqualified Stock of the Company or any Restricted Subsidiary) and the release of the Company or such Restricted Subsidiary from all liability on payment of the principal amount of such Indebtedness in connection with such Asset Disposition; (3) Indebtedness of any Restricted Subsidiary that is no longer a Restricted Subsidiary as a result of such Asset Disposition, to the extent that the Company and each other Restricted Subsidiary are released from any Guarantee of payment of the principal amount of such Indebtedness in connection with such Asset Disposition; (<u>4</u>) securities received by the Company or any Restricted Subsidiary from the transferee that are converted by the Company or such Restricted Subsidiary into cash within 180 days; (<u>5</u>) consideration consisting of Indebtedness of the Company or any Restricted Subsidiary; (<u>6</u>) Additional Assets; and (<u>7</u>) any Designated Noncash Consideration received by the Company or any of its Restricted Subsidiaries in an Asset Disposition having an aggregate fair market value (as determined in good faith by the Company, which determination shall be conclusive), taken together with all other Designated Noncash Consideration received pursuant to this clause (7), not to exceed an aggregate amount at any time outstanding equal to the greater of (<u>a</u>) $129.0 million and (<u>b</u>) 30.0% of Four Quarter Consolidated EBITDA (with the fair market value (as determined in good faith by the Company, which determination shall be conclusive) of each item of Designated Noncash Consideration being measured on the date a legally binding commitment for such Asset Disposition (or, if later, for the payment of such item) was entered into and without giving effect to subsequent changes in value).

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) In the event of an Asset Disposition that requires the purchase of Notes pursuant to <u>Section</u> <u>411(b)(B)</u> and <u>Section</u> <u>411(c)(B)</u>, the Company will be required to purchase Notes tendered pursuant to an offer by the Company for the Notes (the "<u>Offer</u>") at a purchase price of 100.0% of their principal amount <u>plus</u> accrued and unpaid interest to, but excluding the date of purchase in accordance with the procedures (including prorating in the event of oversubscription) set forth in <u>Section</u> <u>411(g)</u>. If the aggregate purchase price of the Notes tendered pursuant to the Offer is less than the Net Available Cash allotted to the purchase of Notes, the remaining Net Available Cash will be available to the Company and the Restricted Subsidiaries for use in accordance with <u>Section</u> <u>411(b)(B)</u> and <u>Section</u> <u>411(c)(B)</u> (to repay other Indebtedness of the Company or a Restricted Subsidiary) or <u>Section</u> <u>411(b)(C)</u> and <u>Section</u> <u>411(c)(C)</u>. The Company shall not be required to make an Offer for Notes pursuant to this <u>Section</u> <u>411</u> if the Net Available Cash available therefor (after application of the proceeds as provided in <u>Section</u> <u>411(b)(A)</u> and <u>Section</u> <u>411(c)(A)</u>, as applicable) is less than the greater of (<u>a</u>) $129.0 million and (<u>b</u>) 30.0% of Four Quarter Consolidated EBITDA for any particular Asset Disposition (which lesser amounts shall be carried forward for purposes of determining whether an Offer is required with respect to the Net Available Cash from any subsequent Asset Disposition). No Note will be repurchased in part if less than the Minimum Denomination in original principal amount of such Note would be left outstanding. The provisions under this Indenture relating to the Company's obligation to make an Offer for Notes pursuant to this <u>Section</u> <u>411</u> may be waived or modified with the written consent of the Holders of a majority in principal amount of the Notes.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) For the purposes of <u>Section</u> <u>411(b)</u> and <u>Section</u> <u>411(c)</u>, (<u>i</u>) in the event of any Asset Disposition relating to Capital Stock of a Person that has any right, title or interest to or in assets constituting both Collateral and Other Assets, such Asset Disposition shall instead be deemed to be an Asset Disposition relating to such assets, and the Company shall allocate the Net Available Cash from such Asset Disposition between the Collateral and the Other Assets in proportion to their respective fair market values as determined by the Company in good faith (which determination shall be conclusive), (<u>ii</u>) any Asset Disposition relating to Capital Stock of any Person that has any right, title or interest to or in assets constituting only Other Assets will be subject to <u>Section</u> <u>411(c)</u> and not <u>Section</u> <u>411(b)</u>, and (<u>iii</u>) any Asset Disposition relating to Capital Stock of any Person that has any right, title or interest to or in assets constituting only Collateral will be subject to <u>Section</u> <u>411(b)</u> and not <u>Section</u> <u>411(c)</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) The Company shall, not later than 45 days after the Company becomes obligated to make an Offer pursuant to this <u>Section</u> <u>411</u>, send a notice to each Holder with a copy to the Trustee stating: (<u>1</u>) that an Asset Disposition that requires the purchase of a portion of the Notes has occurred and that such Holder has the right (subject to the prorating described below) to require the Company to purchase a portion of such Holder's Notes at a purchase price in cash equal to 100.0% of the principal amount thereof, *plus* accrued and unpaid interest, if any, to but not including the date of purchase (subject to the right of Holders of record on a record date to receive interest on the relevant Interest Payment Date falling prior to or on the purchase date);

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(<u>2</u>) the repurchase date (which shall be no earlier than 10 days nor later than 60 days from the date such notice is sent, except that such notice may be delivered more than 60 days prior to the purchase date if the purchase date is delayed as provided in clause (5) of this <u>Section</u> <u>411(g)</u>); (<u>3</u>) the instructions determined by the Company, consistent with this <u>Section</u> <u>411</u>, that a Holder must follow in order to have its Notes purchased; (<u>4</u>) the amount of the Offer, which amount may be contingent upon the Net Available Cash remaining following the application of Net Available Cash pursuant to <u>Section</u> <u>411(b)(A)</u> and <u>Section</u> <u>411(c)(A)</u>; and (<u>5</u>) if such notice is sent prior to the date the Net Available Cash attributable to such Asset Disposition is received, that such offer is conditioned upon receipt of such Net Available Cash and that the purchase date may, in the Company's discretion, be delayed until such time as the Net Available Cash is received. If, upon the expiration of the period for which the Offer remains open, the aggregate principal amount of Notes surrendered by Holders exceeds the amount of the Offer, the Company shall select the Notes to be purchased on a *pro rata* basis (with such adjustments as may be deemed appropriate by the Company so that only Notes in the Minimum Denomination or integral multiples of $1,000 in excess thereof shall be purchased).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) If Holders of not less than 90.0% in aggregate principal amount of the outstanding Notes validly tender and do not withdraw such Notes in an Offer and the Company purchases all of the Notes validly tendered and not withdrawn by such Holders, the Company will have the right, upon not less than 10 nor more than 60 days' prior notice, given not more than 30 days following such purchase pursuant to such Offer, to redeem all Notes that remain outstanding following such purchase at a price in cash equal to 100.0% of the principal amount thereof plus accrued and unpaid interest to but excluding the date of such redemption (subject to the right of Holders of record on the relevant record date to receive interest due on the relevant Interest Payment Date falling prior to or on the Redemption Date). In determining whether the Holders of at least 90.0% in the aggregate principal amount of the outstanding Notes have validly tendered and not validly withdrawn such Notes in an offer, Notes owned by an Affiliate of the Company or by funds controlled or managed by an Affiliate of the Company, or any successor thereof, shall be deemed to be outstanding for the purposes of such offer.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) The Company will comply, to the extent applicable, with the requirements of <u>Section</u> <u>14(e)</u> of the Exchange Act and any other securities laws or regulations in connection with the repurchase of Notes pursuant to this <u>Section</u> <u>411</u>. To the extent that the provisions of any securities laws or regulations conflict with the provisions of this <u>Section</u> <u>411</u>, the Company will comply with the applicable securities laws and regulations and will not be deemed to have breached its obligations under this <u>Section</u> <u>411</u> by virtue thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) Notwithstanding anything in this Indenture, Notes, the Base Intercreditor Agreement, any other Intercreditor Agreement or any Note Security Document to the contrary, in the event that on or after the Issue Date the Royal Divestiture is consummated, the Company (or any Subsidiary, as the case may be) must prepay the Senior Credit Facility to the extent required by the Senior Credit Agreement.

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Section 412. <u>Limitation on Transactions with Affiliates</u>. The Company will not, and will not permit any Restricted Subsidiary to, directly or indirectly, enter into or conduct any transaction or series of related transactions (including the purchase, sale, lease or exchange of any property or the rendering of any service) with any Affiliate of the Company (an "<u>Affiliate</u> <u>Transaction</u>") involving aggregate consideration in excess of the greater of (<u>a</u>) $86.0 million and (<u>b</u>) 20.0% of Four Quarter Consolidated EBITDA unless (<u>i</u>) the terms of such Affiliate Transaction are not materially less favorable to the Company or such Restricted Subsidiary, as the case may be, than those that could be obtained at the time in a transaction with a Person who is not such an Affiliate and (<u>ii</u>) if such Affiliate Transaction involves aggregate consideration in excess of the greater of (<u>a</u>) $129.0 million and (<u>b</u>) 30.0% of Four Quarter Consolidated EBITDA, the terms of such Affiliate Transaction have been approved by a majority of the Board of Directors. For purposes of this <u>Section</u> <u>412(a)</u>, any Affiliate Transaction shall be deemed to have satisfied the requirements set forth in this <u>Section</u> <u>412(a)</u> if (<u>x</u>) such Affiliate Transaction is approved by a majority of the Disinterested Directors or (<u>y</u>) in the event there are no Disinterested Directors, a fairness opinion is provided by a nationally recognized appraisal or investment banking firm with respect to such Affiliate Transaction.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The provisions of <u>Section</u> <u>412(a)</u> will not apply to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) any Restricted Payment Transaction,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) (<u>1</u>) the entering into, maintaining or performance of any employment or consulting contract, collective bargaining agreement, benefit plan, program or arrangement, related trust agreement or any other similar arrangement for or with any current or former management member, employee, officer or director or consultant of or to the Company, any Restricted Subsidiary heretofore or hereafter entered into in the ordinary course of business, including vacation, health, insurance, deferred compensation, severance, retirement, savings or other similar plans, programs or arrangements, (<u>2</u>) payments, compensation, performance of indemnification or contribution obligations, or the making or cancellation of loans in the ordinary course of business to any such management members, employees, officers, directors or consultants, (<u>3</u>) any issuance, grant or award of stock, options, other equity related interests or other securities, to any such management members, employees, officers, directors or consultants, (<u>4</u>) the payment of reasonable fees to directors of the Company or any of its Subsidiaries (as determined in good faith by the Company, such Subsidiary, which determination shall be conclusive) or (5) Management Advances and payments in respect thereof (or in reimbursement of any expenses referred to in the definition of such term),

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) any transaction between or among any of the Company, one or more Restricted Subsidiaries, or one or more Special Purpose Entities,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) any transaction arising out of agreements or instruments in existence on the Issue Date or, with respect to the Kito Crosby Entities, the Kito Crosby Acquisition Closing Date (other than any Transaction Agreement referred to in <u>Section</u> <u>412(b)(vii)</u>), or any amendment, supplement, waiver or other modification thereto (so long as such amendment, supplement, waiver or other modification is not disadvantageous in any material respect in the good faith judgment of the Company, whose determination shall be conclusive, to the Holders when taken as a whole as compared to the applicable agreement or instrument as in effect on the Issue Date or, with respect to the Kito Crosby Entities, the Kito Crosby Acquisition Closing Date), and any payments made pursuant thereto,

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) any transaction in the ordinary course of business on terms that are fair to the Company and its Restricted Subsidiaries in the reasonable determination of the Board of Directors or senior management of the Company, or are not materially less favorable to the Company or the relevant Restricted Subsidiary than those that could be obtained at the time in a transaction with a Person who is not an Affiliate of the Company,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) any transaction in the ordinary course of business, or approved by a majority of the Board of Directors, between the Company or any Restricted Subsidiary and any Affiliate of the Company controlled by the Company that is a joint venture or similar entity,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) the execution, delivery and performance of any obligations under any Transaction Agreement (<u>x</u>) for any management, consulting or advisory services as may be approved by a majority of the Disinterested Directors, (<u>y</u>) in connection with any acquisition, disposition, merger, recapitalization or similar transactions, which payments are made pursuant to the Transaction Agreements or are approved by a majority of the Board of Directors in good faith, which determination shall be conclusive, and (<u>z</u>) of all out-of-pocket expenses incurred in connection with such services or activities,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii) the Transactions, all transactions in connection therewith (including but not limited to the financing thereof), and all fees and expenses paid or payable in connection with the Transactions,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ix) any issuance or sale of Capital Stock (other than Disqualified Stock) of the Company or Junior Capital or any capital contribution to the Company,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(x) (<u>i</u>) any investment by any Investor in securities or loans of the Company or any of its Restricted Subsidiaries so long as such investments are being offered by the Company or the applicable Restricted Subsidiaries generally to investors (other than Investors) on the same or more favorable terms and (<u>ii</u>) payments to any Investor in respect of securities or loans of the Company or any of its Restricted Subsidiaries contemplated in the foregoing subclause (i) or that were acquired from Persons other than the Company and its Restricted Subsidiaries, in each case, in accordance with the terms of such securities or loans, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xi) the pledge of Capital Stock, Indebtedness or other securities of any Unrestricted Subsidiary or joint venture to lenders to support the Indebtedness or other obligations of such Unrestricted Subsidiary or joint venture, respectively, owed to such lenders.

Section 413. <u>Limitation on Liens</u>. The Company shall not, and shall not permit any Restricted Subsidiary to, directly or indirectly, create or permit to exist any Lien (other than Permitted Liens) on any of its property or assets (including Capital Stock of any other Person), whether owned on the date of this Indenture or thereafter acquired, securing any Indebtedness (the "<u>Initial Lien</u>"), unless (<u>a</u>) in the case of an Initial Lien on any Collateral, such Initial Lien expressly has Junior Lien Priority on such Collateral in relation to the Notes and the Note Guarantees, as applicable, or (<u>b</u>) in the case of an Initial Lien on any other asset or property,

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contemporaneously therewith effective provision is made to secure the Indebtedness due under this Indenture and the Notes or, in respect of any Initial Liens on any Restricted Subsidiary's property or assets, any Note Guarantee of such Restricted Subsidiary, equally and ratably with (or on a senior basis to, in the case of Subordinated Obligations or Guarantor Subordinated Obligations) such obligation for so long as such obligation is so secured by such Initial Lien. Any such Lien thereby created in favor of the Notes or any such Note Guarantee will be automatically and unconditionally released and discharged upon (<u>i</u>) the release and discharge of the Initial Lien to which it relates, (<u>ii</u>) in the case of any such Lien in favor of any such Note Guarantee, the termination and discharge of such Note Guarantee in accordance with the terms of <u>Section</u> <u>1303</u> or (<u>iii</u>) any sale, exchange or transfer (other than a transfer constituting a transfer of all or substantially all of the assets of the Company that is governed by <u>Section</u> <u>501</u>) to any Person not an Affiliate of the Company of the property or assets secured by such Initial Lien, or of all of the Capital Stock held by the Company or any Restricted Subsidiary in, or all or substantially all the assets of, any Restricted Subsidiary creating such Initial Lien.

Section 414. <u>Future Guarantors</u>. From and after the Kito Crosby Acquisition Closing Date, the Company will cause each Wholly-Owned Domestic Subsidiary (that is not already a Guarantor under this Indenture) that is a guarantor under, or borrows Indebtedness under, the Senior Credit Facility or any Capital Market Indebtedness (including by reason of being a borrower thereunder on a joint and several basis with the Company or a guarantor under such Indebtedness) to execute and deliver to the Trustee a supplemental indenture or other instrument within 30 days of the date on which it became a guarantor or borrower with respect to such other Indebtedness, pursuant to which such Wholly-Owned Domestic Subsidiary will guarantee payment of the Notes, whereupon such Wholly-Owned Domestic Subsidiary will become a Guarantor for all purposes under this Indenture. In addition, the Company may, at its option, elect to cause any Subsidiary that is not a Guarantor to guarantee payment of the Notes and become a Guarantor. The Company will also cause any Wholly-Owned Domestic Subsidiary so becoming a Guarantor to as promptly as practicable execute and deliver such documents and instruments as shall be reasonably necessary to cause its property and assets of a type that would constitute Collateral to be made subject to a perfected Lien (subject to Liens permitted by this Indenture, including Permitted Liens) in favor of the Note Collateral Agent, as and to the extent provided in this Indenture, as described in <u>Section</u> <u>1403</u>; <u>provided</u> that if any other Senior Priority Obligations are outstanding at such time, the execution and delivery of such documents and instruments will only be required, and such property and assets will only become part of the Collateral securing the Notes, if and to the extent that such property and assets become part of the Collateral securing such Senior Priority Obligations substantially concurrently therewith; provided that any party will take all further action, that may be necessary or desirable or that any party may reasonably request, in order to protect any right or interest granted or purported to be granted under the Base Intercreditor Agreement or to enable such party to exercise and enforce its right and remedies under the Base Intercreditor Agreement. The Company will also have the right to cause any other Subsidiary to guarantee payment of the Notes. Note Guarantees will be subject to release and discharge under certain circumstances prior to payment in full of the Notes.

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Section 415. <u>Purchase of Notes Upon a Change of Control</u>. Upon the occurrence after the Issue Date of a Change of Control, each Holder of Notes will have the right to require the Company to repurchase all or any part of such Notes at a purchase price in cash (the "<u>Change of Control Payment</u>") equal to 101.0% of the principal amount thereof, plus accrued and unpaid interest, if any, to but excluding the repurchase date (subject to the right of Holders of record on the relevant Regular Record Date to receive interest due on the relevant Interest Payment Date falling prior to or on the purchase date pursuant to <u>Section</u> <u>307</u>); <u>provided</u>, <u>however</u>, that the Company shall not be obligated to repurchase Notes pursuant to this <u>Section</u> <u>415</u> in the event that it has exercised its right to redeem all of the Notes as provided in <u>Article X</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) In the event that, at the time of such Change of Control, the terms of any Debt Facility Indebtedness constituting Designated Senior Indebtedness restrict or prohibit the repurchase of the Notes pursuant to this <u>Section</u> <u>415</u>, then prior to the sending of the notice to Holders provided for in <u>Section</u> <u>415(c)</u> but in any event not later than 30 days following the date the Company obtains actual knowledge of any Change of Control (unless the Company has exercised its right to redeem all of the Notes as provided in <u>Article X</u>), the Company shall, or shall cause one or more of its Subsidiaries to, (<u>i</u>) repay in full all such Debt Facility Indebtedness subject to such terms or offer to repay in full all such Debt Facility Indebtedness and repay the Debt Facility Indebtedness of each lender who has accepted such offer or (<u>ii</u>) obtain the requisite consent under the agreements governing such Debt Facility Indebtedness to permit the repurchase of the Notes as provided for in <u>Section</u> <u>415(c)</u>. The Company shall first comply with the provisions of the immediately preceding sentence before it shall be required to repurchase such Notes pursuant to the provisions set forth in this <u>Section</u> <u>415</u>. The Company's failure to comply with the provisions of this <u>Section</u> <u>415(b)</u> or <u>Section</u> <u>415(c)</u> shall constitute an Event of Default under <u>Section</u> <u>601(iv)</u> and not under <u>Section</u> <u>601(ii)</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Unless the Company has exercised its right to redeem all of the Notes as described in <u>Article</u> <u>X</u>, the Company shall, not later than 30 days following the date the Company obtains actual knowledge of any Change of Control having occurred, send a notice (a "<u>Change of Control Offer</u>") to each Holder with a copy to the Trustee stating: (<u>1</u>) that a Change of Control has occurred or may occur and that such Holder has, or upon such occurrence will have, the right to require the Company to purchase such Holder's Notes at a purchase price in cash equal to 101.0% of the principal amount thereof, plus accrued and unpaid interest, if any, to, but excluding the date of purchase (subject to the right of Holders of record on the relevant Regular Record Date to receive interest on the relevant Interest Payment Date falling prior to or on the purchase date); (<u>2</u>) the repurchase date (which shall be no earlier than 30 days nor later than 60 days from the date such notice is sent, except that such notice may be delivered more than 60 days prior to the purchase date if the purchase date is delayed as provided in clause (4) of this <u>Section</u> <u>415(c)</u>); (<u>3</u>) the instructions determined by the Company, consistent with this <u>Section</u> <u>415</u>, that a Holder must follow in order to have its Notes purchased; and (<u>4</u>) if such notice is sent prior to the occurrence of a Change of Control, that such offer is conditioned on the occurrence of such Change of Control and that the purchase date may, in the Company's discretion, be delayed until such time as the Change of Control has occurred. No Note will be repurchased in part if less than the Minimum Denomination in original principal amount of such Note would be left outstanding.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The Company will not be required to make a Change of Control Offer upon a Change of Control if (<u>i</u>) a third party makes the Change of Control Offer in the manner, at the times and otherwise in compliance with the requirements set forth in this Indenture applicable to a Change of Control Offer made by the Company and purchases all Notes validly tendered and not withdrawn under such Change of Control Offer or (<u>ii</u>) in connection with or in contemplation of any Change of Control, to the extent a definitive agreement is in place for the Change of Control at such time, the Company (or any Affiliate of the Company) has made an offer to purchase (an "<u>Alternate Offer</u>") any and all Notes validly tendered at a cash price equal to or higher than the Change of Control Payment and has purchased all Notes properly tendered in connection with the terms of the Alternate Offer.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Notwithstanding anything to the contrary herein, a Change of Control Offer or an Alternate Offer may be made in advance of a Change of Control, conditional upon such Change of Control, if a definitive agreement is in place for the Change of Control at the time of making of the Change of Control Offer or Alternate Offer.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) A Change of Control Offer or an Alternate Offer may be made at the same time as consents are solicited with respect to an amendment, supplement or waiver of this Indenture, Notes and/or Note Guarantees.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) If Holders of not less than 90.0% in aggregate principal amount of the outstanding Notes validly tender and do not withdraw such Notes in a Change of Control Offer or an Alternate Offer and the Company, or any third party making a Change of Control Offer or any Affiliate of the Company making an Alternate Offer in lieu of the Company as described in <u>Section</u> <u>415(d)</u>, purchases all of the Notes validly tendered and not withdrawn by such Holders, the Company or such third party or such Affiliate will have the right, upon not less than 10 nor more than 60 days' prior notice, given not more than 30 days following such purchase pursuant to such Change of Control Offer or such Alternate Offer, to redeem all Notes that remain outstanding following such purchase at a price in cash equal to 101.0% of the principal amount thereof plus accrued and unpaid interest to but excluding the date of such redemption (subject to the right of Holders of record on the relevant Regular Record Date to receive interest due on the relevant Interest Payment Date falling prior to or on the Redemption Date). In determining whether the Holders of at least 90% in the aggregate principal amount of the outstanding Notes have validly tendered and not validly withdrawn such Notes in a Change of Control Offer or an Alternate Offer, Notes owned by an Affiliate of the Company or by funds controlled or managed by an Affiliate of the Company, or any successor thereof, shall be deemed to be outstanding for the purposes of such Change of Control Offer or such Alternate Offer.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) The Company will comply, to the extent applicable, with the requirements of Section 14(e) of the Exchange Act and any other securities laws or regulations in connection with the repurchase of Notes pursuant to this <u>Section</u> <u>415</u>. To the extent that the provisions of any securities laws, rules or regulations, including Rule 14e-1 under the Exchange Act, conflict with the provisions of this <u>Section</u> <u>415</u>, the Company will comply with the applicable securities laws and regulations and will not be deemed to have breached its obligations under this <u>Section</u> <u>415</u> by virtue of compliance therewith. The Company may rely on any no-action letters issued by the SEC indicating that the staff of the SEC will not recommend enforcement action in the event a tender offer satisfies certain conditions.

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Section 416. <u>Suspension of Covenants on Achievement of Investment Grade Rating</u>. If on any day following the Issue Date (<u>a</u>) the Notes have an Investment Grade Rating from either Rating Agency and (<u>b</u>) no Default has occurred and is continuing under this Indenture, then, beginning on that day (the "<u>Suspension Date</u>") subject to the provisions of the following paragraph, the covenants listed under <u>Section</u> <u>407</u>, <u>Section</u> <u>409</u>, <u>Section</u> <u>410</u>, <u>Section</u> <u>411</u>, <u>Section</u> <u>412</u>, <u>Section</u> <u>414</u> (only with respect to any Person that is required to become a Guarantor after the Suspension Date), <u>Section</u> <u>501(a)(iii)</u> and <u>Section</u> <u>501(a)(iv)</u> (collectively, the "<u>Suspended Covenants</u>") will be suspended. During any period that the foregoing covenants have been suspended, the Board of Directors may not designate any of its Subsidiaries as Unrestricted Subsidiaries unless such designation would have complied with <u>Section</u> <u>409</u> as if <u>Section</u> <u>409</u> would have been in effect during such period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) If on any subsequent date both of the Rating Agencies have assigned ratings to the Notes below an Investment Grade Rating, the foregoing covenants will be reinstated (and any Collateral acquired during the Suspension Period will be pledged to secure the Notes and the Note Guarantees, as applicable, pursuant to <u>Section</u> <u>1403</u>) as of and from the time at which the Company obtains actual knowledge of such ratings (any such time, a "<u>Reversion Time</u>"). The period of time between the Suspension Date and the Reversion Time is referred to as the "<u>Suspension Period</u>." Upon such reinstatement, all Indebtedness Incurred during the Suspension Period will be deemed to have been Incurred under the exception provided by <u>Section</u> <u>407(b)(iii)</u>. With respect to Restricted Payments made after any such reinstatement, the amount of Restricted Payments will be calculated as if <u>Section</u> <u>409</u> had been in effect prior to, but not during, the Suspension Period. For purposes of <u>Section</u> <u>411</u>, upon the occurrence of a Reversion Time the amount of Net Available Cash not applied in accordance with such covenant will be deemed to be reset to zero. In addition, for purposes of <u>Section</u> <u>412</u>, all agreements and arrangements entered into by the Company and any Restricted Subsidiary with an Affiliate of the Company during the Suspension Period prior to such Reversion Time will be deemed to have been entered into on or prior to the Issue Date, and for purposes of <u>Section</u> <u>410</u>, all contracts entered into during the Suspension Period prior to such Reversion Time that contain any of the encumbrances or restrictions subject to such covenant will be deemed to have been existing on the Issue Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) During the Suspension Period, any reference in the definitions of "Permitted Liens" and "Unrestricted Subsidiary" to <u>Section</u> <u>407</u> or any provision thereof shall be construed as if such covenant were in effect during the Suspension Period.

Notwithstanding that the Suspended Covenants may be reinstated, no Default or Event of Default will be deemed to have occurred as a result of any actions taken by the Company or any Subsidiary (including, for the avoidance of doubt, any failure to (<u>x</u>) comply with the Suspended Covenants or (<u>y</u>) grant, perfect or maintain the effect of any party's security interest in any Collateral acquired during the Suspension Period) or other events that occurred during any Suspension Period (or upon termination of the Suspension Period or after that time arising out of events that occurred or actions taken during the Suspension Period) and the Company and any Subsidiary will be permitted, without causing a Default or Event of Default or breach of any kind under this Indenture, to honor, comply with or otherwise perform any contractual commitments or obligations entered into during a Suspension Period following a Reversion Time and to consummate the transactions contemplated thereby.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The Company shall provide an Officer's Certificate to the Trustee indicating the occurrence of any Suspension Period or Reversion Time. The Trustee shall have no obligation to monitor the ratings of the Notes, independently determine or verify if any Suspension Period or Reversion Time has occurred or notify the Holders of Notes of any Suspension Period or Reversion Time. The Trustee may provide a copy of such Officer's Certificate to any Holder of Notes upon written request.

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ARTICLE V SUCCESSORS

Section 501. <u>When the Company May Merge, Etc</u>. (a) The Company will not consolidate with or merge with or into, or convey, lease or otherwise transfer all or substantially all its assets to, any Person, unless:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the resulting, surviving or transferee Person (the "<u>Successor Company</u>") will be a Person organized and existing under the laws of the United States of America, any State thereof or the District of Columbia and the Successor Company (if not the Company) will expressly assume all the obligations of the Company under the Intercreditor Agreements, the Note Security Documents to which it is a party, the Notes and this Indenture by executing and delivering to the Trustee a supplemental indenture or one or more other documents or instruments in form reasonably satisfactory to the Trustee and the Note Collateral Agent;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) immediately after giving effect to such transaction (and treating any Indebtedness that becomes an obligation of the Successor Company or any Restricted Subsidiary as a result of such transaction as having been Incurred by the Successor Company or such Restricted Subsidiary at the time of such transaction), no Default will have occurred and be continuing;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) immediately after giving effect to such transaction, either (<u>A</u>) the Company (or, if applicable, the Successor Company with respect thereto) could Incur at least $1.00 of additional Indebtedness pursuant to <u>Section</u> <u>407(a)</u> or <u>Section</u> <u>407(b)(i)(II)(A)</u>, (<u>B</u>) the Consolidated Coverage Ratio of the Company (or, if applicable, the Successor Company with respect thereto) would equal or exceed the Consolidated Coverage Ratio of the Company immediately prior to giving effect to such transaction or (C) the Consolidated Total Leverage Ratio of the Company (or, if applicable, the Successor Company with respect thereto) would equal or be less than the Consolidated Total Leverage Ratio of the Company immediately prior to giving effect to such transaction;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) each Guarantor (other than (<u>x</u>) any Guarantor that will be released from its obligations under its Note Guarantee in connection with such transaction and (<u>y</u>) any party to any such consolidation or merger) shall have delivered a supplemental indenture or other document or instrument in form reasonably satisfactory to the Trustee and the Note Collateral Agent, confirming its Note Guarantee (other than any Note Guarantee that will be discharged or terminated in connection with such transaction) shall apply to such Guarantor's obligations under the Intercreditor Agreements, the Note Security Documents to which it is a party, the Notes and this Indenture, and the Guarantor shall cause such amendments, supplements or other instruments to be executed, filed and recorded in such jurisdictions as may be required by applicable law to preserve and protect the Lien on the Collateral owned by such Guarantor; and

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) the Company will have delivered to the Trustee an Officer's Certificate and an Opinion of Counsel, each to the effect that such consolidation, merger or transfer complies with the provisions described in this <u>Section</u> <u>501(a)</u>; <u>provided</u> that (<u>x</u>) in giving such opinion such counsel may rely on an Officer's Certificate as to compliance with the foregoing clauses (ii) and (iii) and as to any matters of fact and (<u>y</u>) no Opinion of Counsel will be required for a consolidation, merger or transfer described in <u>Section</u> <u>501(b)</u>.

Immediately after giving effect to any transaction involving the Company in accordance with <u>Section</u> <u>501(a)</u> in which the Company is not the Successor Company, the Collateral owned by the Successor Company upon giving effect thereto (including any Collateral transferred to the Successor Company pursuant to such transaction) shall continue to constitute Collateral under this Indenture and the Note Security Documents and be subject to the Lien in favor of the Note Collateral Agent for the benefit of the Trustee, the Note Collateral Agent and the Holders of the Notes, and shall not be subject to any Lien other than Permitted Liens, in each case except as otherwise permitted by or provided in this Indenture and the Note Security Documents. Any property and assets of any Person that is so consolidated or merged with the Company, to the extent of a type that would constitute Collateral under the Note Security Documents (excluding, for the avoidance of doubt, any Excluded Assets), shall be treated as After Acquired Property and the Successor Company shall take such action as may be reasonably necessary to cause such property and assets to be made subject to a Lien in favor of the Note Collateral Agent for the benefit of the Trustee, the Note Collateral Agent and the Holders of the Notes, in each case to the extent required under <u>Section</u> <u>1403</u>.

Any Indebtedness that becomes an obligation of the Company (or, if applicable, the Successor Company with respect thereto) or any Restricted Subsidiary (or that is deemed to be Incurred by any Restricted Subsidiary that becomes a Restricted Subsidiary) as a result of any such transaction undertaken in compliance with this <u>Section</u> <u>501</u>, and any Refinancing Indebtedness with respect thereto, shall be deemed to have been Incurred in compliance with <u>Section</u> <u>407</u>.

Notwithstanding anything to the contrary herein, this <u>Section</u> <u>501</u> will not apply to the Kito Crosby Acquisition.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Clauses (ii) and (iii) of <u>Section</u> <u>501(a)</u> will not apply to any transaction in which (<u>I</u>) the Company consolidates or merges with or into or transfers all or substantially all its properties and assets to (<u>x</u>) an Affiliate incorporated or organized for the purpose of reincorporating or reorganizing the Company in another jurisdiction or changing its legal structure to a corporation, limited liability company, partnership or other entity or (<u>y</u>) a Restricted Subsidiary of the Company so long as all assets of the Company and the Restricted Subsidiaries immediately prior to such transaction (other than Capital Stock of such Restricted Subsidiary) are owned by such Restricted Subsidiary and its Restricted Subsidiaries immediately after the consummation thereof or (<u>II</u>) an Escrow Subsidiary merges with and into the Company. <u>Section</u> <u>501(a)</u> will not apply to (<u>1</u>) any transaction in which any Restricted Subsidiary consolidates with, merges into or transfers all or part of its assets to the Company or (<u>2</u>) the Transactions.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) For purposes of this <u>Section</u> <u>501</u>, so long as at the time of any Minority Business Disposition or any Minority Business Offering the Minority Business Disposition Condition is met, the Minority Business Assets shall not be deemed at any time to constitute all or substantially all of the assets of the Company, and any sale or transfer of all or any part of the Minority Business Assets (whether directly or indirectly, whether by sale or transfer of any such assets, or of any Capital Stock or other interest in any Person holding such assets, or any consolidation or merger, or any combination thereof, and whether in one or more transactions, or otherwise, including any Minority Business Offering or any Minority Business Disposition) shall not be deemed at any time to constitute a consolidation with or merger with or into, or conveyance, transfer or lease of all or substantially all of the assets of the Company to, any Person.

Section 502. <u>Successor Company Substituted</u>. Upon any transaction involving the Company in accordance with <u>Section</u> <u>501</u> in which the Company is not the Successor Company, the Successor Company will succeed to, and be substituted for, and may exercise every right and power of, the Company under this Indenture, and thereafter shall become the "Company" for all purposes of this Indenture, and thereafter the predecessor Company shall be relieved of all obligations and covenants under this Indenture, and shall cease to constitute the "Company" for all purposes of this Indenture, except that the predecessor Company in the case of a lease of all or substantially all its assets shall not be released from the obligation to pay the principal of and interest on the Notes.

ARTICLE VI REMEDIES

Section 601. <u>Events of Default</u>. An "<u>Event of Default</u>" means the occurrence of the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) a default in any payment of interest on any Note when due, continued for 30 days;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) a default in the payment of principal of any Note when due, whether at its Stated Maturity, upon optional redemption, upon required repurchase, upon declaration of acceleration or otherwise;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) the failure by the Company to comply with its obligations under <u>Section</u> <u>501(a)</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) the failure by the Company to comply for 30 days after the notice specified in the penultimate paragraph of this <u>Section</u> <u>601</u> with any of its obligations under <u>Section</u> <u>415</u> (other than a failure to purchase the Notes);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) the failure by the Company to comply for (<u>x</u>) 120 days after the notice specified in the penultimate paragraph of this <u>Section</u> <u>601</u> with any of its obligations under <u>Section</u> <u>405</u> or (<u>y</u>) 60 days after the notice specified in the penultimate paragraph of this <u>Section</u> <u>601</u> with its other agreements contained in the Notes or this Indenture;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) the failure by any Guarantor to comply for 45 days after the notice specified in the penultimate paragraph of this <u>Section</u> <u>601</u> with its obligations under its Note Guarantee;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) the failure by the Company or any Restricted Subsidiary to pay any Indebtedness for borrowed money (other than (<u>x</u>) Indebtedness under the Notes, (<u>y</u>) Indebtedness owed to the Company or any Guarantor or (<u>z</u>) any Indebtedness in relation to which the Company or any Restricted Subsidiary is contesting such default in good faith) within any applicable grace period after final maturity or the acceleration of any such Indebtedness by the holders thereof because of a default, if the total amount of such Indebtedness so unpaid or accelerated exceeds the greater of (<u>a</u>) $86.0 million and (<u>b</u>) 20.0% of Four Quarter Consolidated EBITDA or its foreign currency equivalent; provided that no Default or Event of Default will be deemed to occur with respect to any such Indebtedness that is paid or otherwise acquired or retired (or for which such failure to pay or acceleration is waived or rescinded) within 20 Business Days after such failure to pay or such acceleration;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii) the taking of any of the following actions by the Company or a Significant Subsidiary, pursuant to or within the meaning of any Bankruptcy Law:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A) the commencement of a voluntary case;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) the consent to the entry of an order for relief against it in an involuntary case;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(C) the consent to the appointment of a Custodian of it or for any substantial part of its property; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(D) the making of a general assignment for the benefit of its creditors;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ix) a court of competent jurisdiction enters an order or decree under any Bankruptcy Law that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A) is for relief against the Company or any Significant Subsidiary in an involuntary case;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) appoints a Custodian of the Company or any Significant Subsidiary or for any substantial part of its property; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(C) orders the winding up or liquidation of the Company or any Significant Subsidiary;

and the order or decree remains unstayed and in effect for 60 days;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(x) the rendering of any judgment or decree for the payment of money in an amount (net of any insurance or indemnity payments actually received in respect thereof prior to or within 90 days from the entry thereof, or to be received in respect thereof in the event of any appeal thereof shall be unsuccessful, or that the Company has determined there exists reasonable evidence that such amount will be reimbursed by the insurer or indemnifying party and such amount is not denied by the applicable insurer or indemnifying party in writing within 180 days and is reimbursed within 365 days of the date of such evidence) in excess of the greater of (<u>a</u>) $86.0 million and (<u>b</u>) 20.0% of Four Quarter Consolidated EBITDA or its foreign currency equivalent against the Company or a Significant Subsidiary that is not discharged, satisfied or bonded or insured by a third Person, if such judgment or decree remains outstanding for a period of 90 days following such judgment or decree and is not discharged, waived or stayed;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xi) the failure of any Note Guarantee, if applicable, by a Guarantor that is a Significant Subsidiary to be in full force and effect (except as contemplated by the terms thereof or of this Indenture) or the denial or disaffirmation in writing by any Guarantor that is a Significant Subsidiary of its obligations under this Indenture or any Note Guarantee (other than by reason of the termination of this Indenture or such Note Guarantee or the release of such Note Guarantee in accordance with such Note Guarantee or this Indenture), if such Default continues for 20 days;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xii) with respect to any Collateral, individually or in the aggregate, having a Fair Market Value in excess of the greater of (<u>a</u>) $86.0 million and (<u>b</u>) 20.0% of Four Quarter Consolidated EBITDA, any of the Note Security Documents ceases to be in full force and effect, or any of the Note Security Documents ceases to give the holders of the Notes the Liens purported to be created thereby, or any of the Note Security Documents is declared null and void or the Company or any Guarantor denies in writing that it has any further liability under any Note Security Document (in each case (<u>i</u>) other than in accordance with the terms of this Indenture or any of the Note Security Documents or (<u>ii</u>) unless waived by the requisite creditors under the Senior Credit Agreement (or by their agent or other representative on their behalf) if, after that waiver, the Company is in compliance with <u>Article XIV</u>), except to the extent that any loss of perfection or priority results from (<u>A</u>) the failure of the Note Collateral Agent, the Original First Lien Agent (as defined in the Base Intercreditor Agreement), any Additional Agent (as defined in the Base Intercreditor Agreement) or the Collateral Representative (as defined in the Base Intercreditor Agreement) to maintain possession of certificates actually delivered to it representing securities, promissory notes or other instruments pledged under the Note Security Documents, (<u>B</u>) any action or inaction by a Person other than the Company or a Guarantor or any of their Affiliates, representatives or designees or (<u>C</u>) the gross negligence or willful misconduct of the Trustee, the Note Collateral Agent, the Original First Lien Agent (as defined in the Base Intercreditor Agreement), any Additional Agent (as defined in the Base Intercreditor Agreement) or the Collateral Representative (as defined in the Base Intercreditor Agreement); <u>provided</u>, that if a failure of the sort described in this <u>Section</u> <u>601(xii)</u> is susceptible of cure (including with respect to any loss of Lien priority on material portions of the Collateral), no Event of Default shall arise under this <u>Section</u> <u>601(xii)</u> with respect thereto until 30 days after notice of such failure shall have been given to the Company; or

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xiii) failure by the Company to consummate the Special Mandatory Redemption to the extent required under <u>Section</u> <u>1002</u>.

The foregoing will constitute Events of Default whatever the reason for any such Event of Default and whether it is voluntary or involuntary or is effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body.

The term "<u>Bankruptcy Law</u>" means Title 11, United States Code, or any similar Federal, state or foreign law for the relief of debtors. The term "<u>Custodian</u>" means any receiver, trustee, assignee, liquidator, custodian or similar official under any Bankruptcy Law.

However, a Default under <u>Section</u> <u>601(iv)</u>, <u>Section</u> <u>601(v)</u>, <u>Section</u> <u>601(vi)</u> or <u>Section</u> <u>601(xii)</u> will not constitute an Event of Default until the Trustee or the Holders of at least 30.0% in principal amount of the Outstanding Notes (which contain such Defaults) notify the Company (and the Trustee in the case of notice from Holders) in writing of the Default and the Company does not cure such Default within the time specified in such clause after receipt of such notice; <u>provided</u> that a notice of Default with respect to any action taken, and reported publicly or to Holders more than two years prior to such notice of Default, may not be given and any such notice shall be invalid and have no effect. Such notice must specify the Default, demand that it be remedied and state that such notice is a "<u>Notice of Default</u>". When a Default or an Event of Default is cured, it ceases.

The Company shall deliver to the Trustee, within 30 days after the occurrence thereof, written notice in the form of an Officer's Certificate of any Event of Default under <u>Section</u> <u>601(vii)</u>, <u>Section</u> <u>601(x)</u> or <u>Section</u> <u>601(xii</u>) and any event that with the giving of notice or the lapse of time would become an Event of Default under <u>Section</u> <u>601(iv)</u>, <u>Section</u> <u>601(v)</u> or <u>Section</u> <u>601(vi)</u>, its status and what action the Company is taking or proposes to take with respect thereto.

Section 602. A<u>cceleration of Maturity; Rescission and Annulment</u>. If an Event of Default (other than an Event of Default specified in <u>Section</u> <u>601(viii)</u> or <u>Section</u> <u>601(ix)</u> with respect to the Company) occurs and is continuing, the Trustee by written notice to the Company, or the Holders of at least 30.0% in principal amount of the Outstanding Notes (which contain such Defaults) by written notice to the Company and the Trustee, in either case specifying in such notice the respective Event of Default and that such notice is a "notice of acceleration," may declare the principal of and accrued but unpaid interest on all of the Notes to be due and payable. Upon the effectiveness of such a declaration, such principal and interest will be due and payable immediately.

Notwithstanding the foregoing, if an Event of Default specified in <u>Section</u> <u>601(viii)</u> or <u>Section</u> <u>601(ix)</u> with respect to the Company occurs and is continuing, the principal of and accrued but unpaid interest on all the Outstanding Notes will *ipso facto* become immediately due and payable without any declaration or other act on the part of the Trustee or any Holders.

The Holders of a majority in principal amount of the Outstanding Notes (which contain such Event of Default which has been accelerated) by notice to the Company and the Trustee may rescind any such acceleration with respect to the Notes and its consequences if the rescission would not conflict with any judgment or decree and if all existing Events of Default have been cured or waived except non-payment of principal or interest that has become due solely because of such acceleration. No such rescission shall affect any subsequent Default or impair any right consequent thereto.

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Any time period in this Indenture to cure any actual or alleged Default or Event of Default may be extended or stayed by a court of competent jurisdiction to the extent such actual or alleged Default or Event of Default is the subject of litigation.

Section 603. <u>Other Remedies; Collection Suit by Trustee</u>. If an Event of Default occurs and is continuing, the Trustee and the Note Collateral Agent may, but are not obligated under this <u>Section</u> <u>603</u> to, pursue any available remedy to collect the payment of principal of or interest on the Notes or to enforce the performance of any provision of the Notes, this Indenture or the Note Security Documents. If an Event of Default specified in <u>Section</u> <u>601(i)</u> or <u>601(ii)</u> occurs and is continuing, the Trustee may recover judgment in its own name and as trustee of an express trust against the Company for the whole amount then due and owing (together with interest on any unpaid interest to the extent lawful) and the amounts provided for in <u>Section</u> <u>707</u>.

Section 604. <u>Trustee May File Proofs of Claim</u>. The Trustee may file such proofs of claim and other papers or documents, in accordance with the terms of any applicable Intercreditor Agreements as may be necessary or advisable in order to have the claims of the Trustee, the Note Collateral Agent and the Holders allowed in any judicial proceedings relative to the Company or any other obligor upon the Notes, its creditors or its property and, unless prohibited by law or applicable regulations, may vote on behalf of the Holders in any election of a trustee in bankruptcy or other Person performing similar functions, and any Custodian in any such judicial proceeding is hereby authorized by each Holder to make payments to the Trustee and, in the event that the Trustee shall consent to the making of such payments directly to the Holders, to pay to the Trustee any amount due to it for the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and its counsel, and any other amounts due the Trustee under <u>Section</u> <u>707</u>.

No provision of this Indenture shall be deemed to authorize the Trustee to authorize or consent to or accept or adopt on behalf of any Holder any plan of reorganization, arrangement, adjustment or composition affecting the Notes or the rights of any Holder thereof or to authorize the Trustee to vote in respect of the claim of any Holder in any such proceeding.

Section 605. <u>Trustee May Enforce Claims Without Possession of Notes</u>. All rights of action and claims under this Indenture or the Notes may be prosecuted and enforced by the Trustee without the possession of any of the Notes or the production thereof in any proceeding relating thereto, and any such proceeding instituted by the Trustee shall be brought in its own name as trustee of an express trust, and any recovery of judgment shall, after provision for the payment of the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, be for the ratable benefit of the Holders of the Notes in respect of which such judgment has been recovered.

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Section 606. <u>Application of Money Collected</u>. Any money or property collected by the Trustee or the Note Collateral Agent pursuant to this <u>Article VI</u> shall be applied in the following order, at the date or dates fixed by the Trustee and, in case of the distribution of such money or property on account of principal (or premium, if any) or interest, upon presentation of the Notes and the notation thereon of the payment if only partially paid and upon surrender thereof if fully paid:

*First*: to the payment of all amounts due the Trustee under <u>Section</u> <u>707</u> and to the payment of all amounts due the Note Collateral Agent under <u>Section</u> <u>1410</u>;

*Second*: to the payment of the amounts then due and unpaid upon the Notes for principal (and premium, if any) and interest, in respect of which or for the benefit of which such money has been collected, ratably, without preference or priority of any kind, according to the amounts due and payable on such Notes for principal (and premium, if any) and interest, respectively; and

*Third*: to the Company.

The foregoing provisions of this <u>Section</u> <u>606</u> are subject to the terms of the Intercreditor Agreements, to Subsection 6.5 of the Collateral Agreement, to any corresponding provision of any other Note Security Document relating to application of such money or property, and to <u>Section</u> <u>1409(l)</u>.

Section 607. <u>Limitation on Suits</u>. No Holder may pursue any remedy (including, without limitation, taking or instituting any actions or proceedings, judicial or otherwise, for any right or remedy or asserting any other cause of action against the Company or any Guarantor (including the exercise of any right of set-off, rights on account of any banker's lien or similar claim or other rights of self-help), or instituting any actions or proceedings or any other cause of action, or otherwise commencing any remedial procedures) with respect to this Indenture, the Note Security Documents or the Notes unless:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) such Holder has previously given the Trustee written notice that an Event of Default is continuing;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Holders of at least 30.0% in principal amount of the Outstanding Notes (which contain such Defaults) have requested the Trustee in writing to pursue the remedy;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) such Holders have offered, and if requested, provided the Trustee security or indemnity satisfactory to it against any loss, liability or expense;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) the Trustee has not complied with such request within 60 days after the receipt of the request and the offer of security or indemnity; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) the Holders of a majority in principal amount of the Outstanding Notes (which contain such Defaults) have not given the Trustee a written direction inconsistent with such request within such 60-day period.

A Holder may not use this Indenture to affect, disturb or prejudice the rights of another Holder, to obtain a preference or priority over another Holder or to enforce any right under this Indenture except in the manner herein provided and for the equal and ratable benefit of all Holders.

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For the avoidance of doubt, this provision may be enforced against any Holder by the Holders of a majority in principal amount of the Outstanding Notes, the Trustee or the Company (or any of its Affiliates) and each Holder expressly acknowledges that this provision shall be available as a defense of the Company (or any of its Affiliates) in any action, proceeding, cause of action or remedial procedure.

Section 608. <u>[Reserved]</u>.

Section 609. <u>Restoration of Rights and Remedies</u>. If the Trustee or any Holder has instituted any proceeding to enforce any right or remedy under this Indenture or any Note and such proceeding has been discontinued or abandoned for any reason, or has been determined adversely to the Trustee or to such Holder, then and in every such case the Company, any other obligor upon the Notes, the Trustee and the Holders shall, subject to any determination in such proceeding, be restored severally and respectively to their former positions hereunder, and thereafter all rights and remedies of the Trustee and the Holders shall continue as though no such proceeding had been instituted.

Section 610. <u>Rights and Remedies Cumulative</u>. No right or remedy herein conferred upon or reserved to the Trustee or to the Holders is intended to be exclusive of any other right or remedy, and every right and remedy shall, to the extent permitted by law, be cumulative and in addition to every other right and remedy given hereunder or now or hereafter existing at law or in equity or otherwise. The assertion or employment of any right or remedy hereunder, or otherwise, shall not prevent the concurrent assertion or employment of any other appropriate right or remedy.

Section 611. <u>Delay or Omission Not Waiver</u>. No delay or omission of the Trustee, the Note Collateral Agent or of any Holder of any Note to exercise any right or remedy accruing upon any Event of Default shall impair any such right or remedy or constitute a waiver of any such Event of Default or an acquiescence therein. Every right and remedy given by this <u>Article</u> <u>VI</u> or by law to the Trustee, the Note Collateral Agent or to the Holders may be exercised from time to time, and as often as may be deemed expedient, by the Trustee, the Note Collateral Agent or by the Holders, as the case may be.

Section 612. <u>Control by Holders</u>. Subject to any applicable Intercreditor Agreement, the Holders of not less than a majority in aggregate principal amount of the Outstanding Notes (which contain such Defaults) shall have the right to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or the Note Collateral Agent or of exercising any trust or power conferred on the Trustee or the Note Collateral Agent with respect to the Notes; <u>provided</u> that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) such direction shall not be in conflict with any rule of law or with this Indenture, any Note Security Document or with the Notes and

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the Trustee or the Note Collateral Agent, as applicable, may take any other action deemed proper by the Trustee or the Note Collateral Agent which is not inconsistent with such direction.

However, the Trustee or the Note Collateral Agent, as applicable, may refuse to follow any direction that conflicts with law or this Indenture or, subject to Section 701, that the Trustee or the Note Collateral Agent, as applicable, determines is unduly prejudicial to the rights of any other Holder (it being understood that neither the Trustee nor the Note Collateral Agent has an affirmative duty to determine whether any action is prejudicial to any Holder) or that would involve the Trustee or the Note Collateral Agent, as applicable, in personal liability. Prior to taking any action under this Indenture, the Trustee or the Note Collateral Agent, as applicable, shall be entitled to indemnification satisfactory to it in its sole discretion against all losses and expenses caused by taking or not taking such action.

Section 613. <u>Waiver of Past Defaults</u>. The Holders of not less than a majority in aggregate principal amount of the Outstanding Notes (which contain such Default) may on behalf of the Holders of all of the Notes waive any past Default hereunder and its consequences, except a Default:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) in the payment of principal of or interest on any Note (which may only be waived with the consent of each Holder of Notes affected), or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) in respect of a covenant or provision hereof that pursuant to the second paragraph of <u>Section</u> <u>902</u> cannot be modified or amended without the consent of the Holder of each Outstanding Note affected.

Upon any such waiver, such Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other Default or Event of Default or impair any right consequent thereon. In case of any such waiver, the Company, any other obligor upon the Notes, the Trustee and the Holders shall be restored to their former positions and rights hereunder and under the Notes, respectively.

Section 614. <u>Undertaking for Costs</u>. All parties to this Indenture agree, and each Holder of any Note by such Holder's acceptance thereof shall be deemed to have agreed, that any court may in its discretion require, in any suit for the enforcement of any right or remedy under this Indenture or the Notes, or in any suit against the Trustee for any action taken, suffered or omitted by it as Trustee, the filing by any party litigant in such suit of an undertaking to pay the costs of such suit, and that such court may in its discretion assess reasonable costs, including reasonable attorneys' fees, against any party litigant in such suit, having due regard to the merits and good faith of the claims or defenses made by such party litigant. This <u>Section</u> <u>614</u> shall not apply to any suit instituted by the Trustee, to any suit instituted by any Holder, or group of Holders, holding in the aggregate more than 10.0% in principal amount of the Outstanding Notes (which contain the applicable Event of Default), or to any suit instituted by any Holder for the enforcement of the payment of principal of (or premium, if any) or interest on any Note on or after the respective Stated Maturity or Interest Payment Dates expressed in such Note.

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Section 615. <u>Waiver of Stay, Extension or Usury Laws</u>. The Company agrees (to the extent that it may lawfully do so) that it shall not at any time insist upon, or plead, or in any manner whatsoever claim or take the benefit or advantage of, any stay or extension law or any usury or other similar law wherever enacted, now or at any time hereafter in force, that would prohibit or forgive the Company from paying all or any portion of the principal of (or premium, if any) or interest on the Notes contemplated herein or in the Notes or that may affect the covenants or the performance of this Indenture; and the Company (to the extent that it may lawfully do so) hereby expressly waives all benefit or advantage of any such law, and shall not hinder, delay or impede the execution of any power herein granted to the Trustee, but will suffer and permit the execution of every such power as though no such law had been enacted.

ARTICLE VII

THE TRUSTEE

Section 701. <u>Certain Duties and Responsibilities</u>. (a) Except during the continuance of an Event of Default,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Trustee undertakes to perform such duties and only such duties as are specifically set forth in this Indenture, and no implied covenants or obligations shall be read into this Indenture against the Trustee; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) in the absence of bad faith on its part, the Trustee may conclusively rely, as to the truth of the statements and the correctness of the opinions expressed therein, upon certificates or opinions furnished to the Trustee and conforming to the requirements of this Indenture; but in the case of any such certificates or opinions that by any provision hereof are specifically required to be furnished to the Trustee, the Trustee shall be under a duty to examine the same to determine whether or not they conform to the requirements of this Indenture, but need not verify the contents thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) In case an Event of Default actually known to a Trust Officer of the Trustee has occurred and is continuing, subject to the protections of this <u>Article VII</u>, the Trustee shall exercise such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in their exercise as a prudent person would exercise or use under the circumstances in the conduct of such person's own affairs; <u>provided</u> that if an Event of Default occurs and is continuing, the Trustee shall not be under any obligation to exercise any of the rights or powers under this Indenture, the Notes and the Note Guarantee at the request or direction of any of the Holders unless such Holders have offered, and if requested, provided to, the Trustee security or indemnity satisfactory to the Trustee in its sole discretion against any loss, liability or expense it may incur.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) No provision of this Indenture shall be construed to relieve the Trustee from liability for its own negligent action, its own negligent failure to act, or its own willful misconduct, except that (<u>i</u>) this paragraph does not limit the effect of <u>Section</u> <u>701(a)</u>; (<u>ii</u>) the Trustee shall not be liable for any error of judgment made in good faith by a Trust Officer, unless it is proved that the Trustee was negligent in ascertaining the pertinent facts; and (<u>iii</u>) the Trustee shall not be liable with respect to any action it takes or omits to take in good faith in accordance with a direction received by it from the Holders of not less than a majority in aggregate principal amount of the Outstanding Notes pursuant to <u>Section</u> <u>612</u>.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) No provision of this Indenture shall require the Trustee to expend or risk its own funds or otherwise incur financial liability in the performance of any of its duties hereunder or in the exercise of any of its rights or powers, if repayment of such funds or adequate indemnity against such risk or liability is not reasonably assured to it.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) Whether or not therein expressly so provided, every provision of this Indenture relating to the conduct or affecting the liability of or affording protection to the Trustee shall be subject to the provisions of this <u>Section</u> <u>701</u> and <u>Section</u> <u>703</u>.

Section 702. <u>Notice of Defaults</u>. If a Default occurs and is continuing and is actually known to a Trust Officer of the Trustee, the Trustee must send to each Holder notice of the Default within 90 days after a Trust Officer of the Trustee has obtained actual knowledge thereof. Except in the case of a Default in the payment of principal of, or premium, if any, or interest on, any Note, the Trustee may withhold notice if and so long as the Trustee in good faith determines that the withholding of such notice is in the interests of the Holders. The Trustee shall not be deemed to have knowledge of any Defaults or Events of Default unless a Trust Officer of the Trustee shall have obtained actual knowledge thereof and a written notice of such an event has been received by the Trustee at its Corporate Trust Office and such notice references the Notes and this Indenture and states that it is a "Notice of Default".

Section 703. <u>Certain Rights of Trustee</u>. Subject to the provisions of <u>Section</u> <u>701</u>:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Trustee may rely and shall be protected in acting or refraining from acting upon any resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, judgment, bond, note, other evidence of indebtedness or other paper or document believed by it to be genuine and to have been signed or presented by the proper party or parties;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) any request or direction of the Company mentioned herein shall be sufficiently evidenced by a Company Request or Company Order thereof, and any resolution of any Person's board of directors shall be sufficiently evidenced if certified by an Officer of such Person as having been duly adopted and being in full force and effect on the date of such certificate;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) whenever in the administration of this Indenture the Trustee shall deem it desirable that a matter be proved or established prior to taking, suffering or omitting any action hereunder, the Trustee (unless other evidence be herein specifically prescribed) may, in the absence of bad faith on its part, rely upon an Officer's Certificate of the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) the Trustee may consult with counsel and the advice of such counsel or any Opinion of Counsel shall be full and complete authorization and protection in respect of any action taken, suffered or omitted by it hereunder in good faith and in reliance thereon;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5) the Trustee shall be under no obligation to exercise any of the rights or powers vested in it by this Indenture at the request or direction of any of the Holders pursuant to this Indenture, unless such Holders shall have offered and, if requested, provided to the Trustee security or indemnity satisfactory to it against the costs, expenses and liabilities which might be incurred by it in compliance with such request or direction;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6) the Trustee shall not be bound to make any investigation into the facts or matters stated in any resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, judgment, bond, note, other evidence of indebtedness or other paper or document;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7) the Trustee may execute any of the trusts or powers hereunder or perform any duties hereunder either directly or by or through agents or attorneys and the Trustee shall not be responsible for any misconduct or negligence on the part of any agent or attorney appointed with due care by it hereunder (it being understood that the Depositary shall not be deemed to be an agent of the Trustee and the Trustee shall not be responsible for any act or omission by any Depositary);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(8) to the extent permitted by applicable law, the Trustee shall not be liable to any Person for special, punitive, indirect, consequential or incidental loss or damage of any kind whatsoever (including but not limited to lost profits), even if the Trustee has been advised of the likelihood of such loss or damage;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(9) the permissive rights of the Trustee to do things enumerated in this Indenture shall not be construed as a duty unless so specified herein;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(10) the Trustee shall not have any duty to know or inquire as the performance or non-performance of any provision of any other agreement, instrument or document other than this Indenture; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(11) neither the Trustee nor any of its officers, directors, employees, attorneys or agents will be responsible or liable for the existence, genuineness, value or protection of any Collateral, for the legality, enforceability, effectiveness or sufficiency of the Note Security Documents, for the delivery, filing, recording any financing statements, notices, instruments or other documents, for the creation, perfection, priority, sufficiency or protection of any Lien securing Secured Obligations, or for any defect or deficiency as to any such matters, or for any failure to demand, collect, foreclose or realize upon or otherwise enforce any of the Liens securing Secured Obligations or the Note Security Documents or any delay in doing so.

The rights, benefits, privileges, protections, immunities and indemnities afforded the Trustee hereunder shall equally apply to it acting as Note Collateral Agent (or any other role) hereunder or under any Note Security Document; <u>provided</u> that, with respect to acting as the Note Collateral Agent, references to the Note Collateral Agent being liable to the extent of its negligence shall be replaced with references to the Note Collateral Agent being liable to the extent of its gross negligence.

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Section 704. <u>Not Responsible for Recitals or Issuance of Notes</u>. The recitals contained herein and in the Notes, except the Trustee's certificates of authentication, shall be taken as the statements of the Company, and neither the Trustee nor any Authenticating Agent assumes any responsibility for their correctness. The Trustee makes no representations as to the validity or sufficiency of this Indenture or of the Notes, except that the Trustee represents that it is duly authorized to execute and deliver this Indenture, authenticate the Notes and perform its obligations hereunder. Neither the Trustee nor any Authenticating Agent shall be accountable for the use or application by the Company of any Notes or the proceeds thereof.

Section 705. <u>May Hold Notes</u>. The Trustee, any Authenticating Agent, any Paying Agent, any Note Registrar or any other agent of the Company, in its individual or any other capacity, may become the owner or pledgee of Notes and, subject to <u>Section</u> <u>708</u> and <u>Section</u> <u>713</u>, may otherwise deal with the Company or its Affiliates with the same rights it would have if it were not Trustee, Authenticating Agent, Paying Agent, Note Registrar or such other agent.

Section 706. <u>Money Held in Trust</u>. Money held by the Trustee in trust hereunder need not be segregated from other funds except to the extent required by law. The Trustee shall be under no liability for interest on any money received by it hereunder except as otherwise agreed in writing with the Company.

Section 707. <u>Compensation and Reimbursement</u>. The Company agrees,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) to pay to the Trustee from time to time the reasonable compensation agreed to by the Company in writing for all services rendered by the Trustee hereunder (which compensation shall not be limited by any provision of law in regard to the compensation of a trustee of an express trust);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) except as otherwise expressly provided herein, to reimburse the Trustee upon its request for all reasonable out-of-pocket expenses incurred by the Trustee in accordance with any provision of this Indenture (including the reasonable compensation and the expenses and disbursements of its agents and counsel), except any such expense, disbursement or advance as may be attributable to its negligence or willful misconduct; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) to indemnify the Trustee for, and to hold it harmless against, any loss, liability, suit, action, proceeding at law or in equity, tax, levy, fee or expense (including, without limitation, attorneys' fees and expenses and the costs of enforcement of this Indenture, any Note Security Documents or Intercreditor Agreement or any provision hereof or thereof) or expense incurred without negligence or willful misconduct on the Trustee's part as finally adjudicated by a court of competent jurisdiction, arising out of or in connection with the administration of the trust or trusts hereunder or in connection with any Note Security Document or Intercreditor Agreement, including the costs and expenses of defending itself against any action, claim, suit or liability in connection with the exercise or performance of any of its powers or duties hereunder or thereunder.

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The Company need not pay for any settlement made without its consent (which consent shall not be unreasonably withheld). The provisions of this <u>Section</u> <u>707</u> shall survive the termination of this Indenture or the resignation and removal of the Trustee and any rejection or termination of this Indenture under any bankruptcy law or the resignation or removal of the Trustee. Without prejudice to any other rights available to the Trustee under applicable law, when the Trustee incurs expenses after the occurrence of a Default specified in Section 601(viii) or (ix) with respect to the Issuer, the expenses (including the fees, expenses and disbursements of the Trustee's agents and counsel) are intended to constitute expenses of administration under the Bankruptcy Law.

The Trustee shall have a claim prior to the Notes for payment of all amounts due the Trustee under this <u>Section</u> <u>707</u> on all money or property held or collected by the Trustee, other than money or property held in trust to pay the principal of and interest on any Notes.

Section 708. <u>Conflicting Interests</u>. If the Trustee has or shall acquire a conflicting interest within the meaning of the TIA, the Trustee shall eliminate such interest, apply to the SEC for permission to continue as Trustee with such conflict or resign, to the extent and in the manner provided by, and subject to the provisions of, the TIA and this Indenture. The Trustee shall not be deemed to have a conflicting interest by virtue of being a trustee under this Indenture with respect to Initial Notes and Additional Notes, or a trustee under any other indenture between the Company and the Trustee.

Section 709. <u>Corporate Trustee Required; Eligibility</u>. There shall at all times be one (and only one) Trustee hereunder. The Trustee shall be a Person that is eligible pursuant to the TIA to act as such and has a combined capital and surplus of at least $50.0 million. If any such Person publishes reports of condition at least annually, pursuant to law or to the requirements of its supervising or examining authority, then for the purposes of this <u>Section</u> <u>709</u> and to the extent permitted by the TIA, the combined capital and surplus of such Person shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this <u>Section</u> <u>709</u>, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

Section 710. <u>Resignation and Removal; Appointment of Successor</u>. No resignation or removal of the Trustee and no appointment of a successor Trustee pursuant to this Article shall become effective until the acceptance of appointment by the successor Trustee in accordance with the applicable requirements of <u>Section</u> <u>711</u>.

The Trustee may resign at any time by giving written notice thereof to the Company. If the instrument of acceptance by a successor Trustee required by <u>Section</u> <u>711</u> shall not have been delivered to the Trustee within 30 days after the giving of such notice of resignation, the resigning Trustee may petition any court of competent jurisdiction for the appointment of a successor Trustee.

The Trustee may be removed at any time by Act of the Holders of a majority in principal amount of the Outstanding Notes delivered to the Trustee and to the Company.

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If at any time:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Trustee shall fail to comply with <u>Section</u> <u>708</u> after written request therefor by the Company or by any Holder who has been a bona fide Holder of a Note for at least six months, or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the Trustee shall cease to be eligible under <u>Section</u> <u>709</u> and shall fail to resign after written request therefor by the Company or by any such Holder, or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) the Trustee shall become incapable of acting or shall be adjudged bankrupt or insolvent or a receiver of the Trustee or of its property shall be appointed or any public officer shall take charge or control of the Trustee or of its property or affairs for the purpose of rehabilitation, conservation or liquidation,

then, in any such case, (<u>A</u>) the Company may remove the Trustee, or (<u>B</u>) subject to <u>Section</u> <u>614</u>, any Holder who has been a bona fide Holder of a Note for at least six months may, on behalf of itself and all others similarly situated, petition any court of competent jurisdiction for the removal of the Trustee and the appointment of a successor Trustee.

If the Trustee shall resign, be removed or become incapable of acting, or if a vacancy shall occur in the office of Trustee for any cause, the Company shall promptly appoint a successor Trustee and shall comply with the applicable requirements of <u>Section</u> <u>711</u>. If, within one year after such resignation, removal or incapability, or the occurrence of such vacancy, a successor Trustee shall be appointed by Act of the Holders of a majority in principal amount of the Outstanding Notes delivered to the Company and the retiring Trustee, the successor Trustee so appointed shall, forthwith upon its acceptance of such appointment in accordance with the applicable requirements of <u>Section</u> <u>711</u>, become the successor Trustee and to that extent supersede the successor Trustee appointed by the Company. If no successor Trustee shall have been so appointed by the Company or the Holders and accepted appointment in the manner required by <u>Section</u> <u>711</u>, then, subject to <u>Section</u> <u>614</u>, any Holder who has been a bona fide Holder of a Note for at least six months may, on behalf of itself and all others similarly situated, petition any court of competent jurisdiction for the appointment of a successor Trustee.

The Company shall give notice of each resignation and each removal of the Trustee and each appointment of a successor Trustee to all Holders in the manner provided in <u>Section</u> <u>110</u>. Each notice shall include the name of the successor Trustee and the address of its Corporate Trust Office.

Notwithstanding the replacement of the Trustee pursuant to this <u>Section</u> <u>710</u>, the Company's obligations under <u>Section</u> <u>707</u> shall continue for the benefit of the retiring Trustee.

Section 711. <u>Acceptance of Appointment by Successor</u>. In case of the appointment hereunder of a successor Trustee, every such successor Trustee so appointed shall execute, acknowledge and deliver to the Company and to the retiring Trustee an instrument accepting such appointment, and thereupon the resignation or removal of the retiring Trustee shall become effective and such successor Trustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, trusts and duties of the retiring Trustee; but, on the request of the Company or the successor Trustee, such retiring Trustee shall, upon payment of its charges, execute and deliver an instrument transferring to such successor Trustee all the rights, powers and trusts of the retiring Trustee and shall duly assign, transfer and deliver to such successor Trustee all property and money held by such retiring Trustee hereunder.

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Upon request of any such successor Trustee, the Company shall execute any and all instruments for more fully and certainly vesting in and confirming to such successor Trustee all such rights, powers and trusts referred to above.

No successor Trustee shall accept its appointment unless at the time of such acceptance such successor Trustee shall be qualified and eligible under this <u>Article</u> <u>VII</u>.

Section 712. <u>Merger, Conversion, Consolidation or Succession to Business</u>. Any corporation into which the Trustee may be merged or converted or with which it may be consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Trustee shall be a party, or any corporation succeeding to all or substantially all the corporate trust business of the Trustee, shall be the successor of the Trustee hereunder; *provided* such corporation shall be otherwise qualified and eligible under this <u>Article</u> <u>VII</u>, without the execution or filing of any paper or any further act on the part of any of the parties hereto. In case any Notes shall have been authenticated, but not delivered, by the Trustee then in office, any successor by merger, conversion or consolidation to such authenticating Trustee may adopt such authentication and deliver the Notes so authenticated with the same effect as if such successor Trustee had itself authenticated such Notes.

Section 713. <u>Preferential Collection of Claims Against the Company</u>. If and when the Trustee shall be or become a creditor of the Company (or any other obligor upon the Notes), the Trustee shall be subject to the provisions of the TIA regarding the collection of claims against the Company (or any such other obligor) or realizing on certain property received by it in respect of such claims.

Section 714. <u>Appointment of Authenticating Agent</u>. The Trustee may appoint an Authenticating Agent acceptable to the Company to authenticate such Notes. Any such appointment shall be evidenced by an instrument in writing signed by a Trust Officer, a copy of which instrument shall be promptly furnished to the Company. Unless limited by the terms of such appointment, an Authenticating Agent may authenticate Notes whenever the Trustee may do so. Each reference in this Indenture to authentication (or execution of a certificate of authentication) by the Trustee includes authentication (or execution of a certificate of authentication) by such Authenticating Agent. An Authenticating Agent has the same rights as any Note Registrar, Paying Agent or agent for service of notices and demands.

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ARTICLE VIII

HOLDERS' LISTS AND REPORTS BY

<u>TRUSTEE AND THE COMPANY</u> 

Section 801. <u>The Company to Furnish Trustee Names and Addresses of Holders</u>. The Company will furnish or cause to be furnished to the Trustee:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) semi-annually, not more than 10 days after each Regular Record Date, a list, in such form as the Trustee may reasonably require, of the names and addresses of the Holders as of such Regular Record Date, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) at such other times as the Trustee may request in writing, within 30 days after the receipt by the Company of any such request, a list of similar form and content as of a date not more than 15 days prior to the time such list is furnished;

*provided*, *however*, that if and to the extent and so long as the Trustee shall be the Note Registrar, no such list need be furnished pursuant to this <u>Section</u> <u>801</u>.

Section 802. <u>Preservation of Information; Communications to Holders</u>. The Trustee shall preserve, in as current a form as is reasonably practicable, the names and addresses of Holders contained in the most recent list, if any, furnished to the Trustee as provided in <u>Section</u> <u>801</u> and the names and addresses of Holders received by the Trustee in its capacity as Note Registrar; *provided*, *however*, that if and so long as the Trustee shall be the Note Registrar, the Note Register shall satisfy the requirements relating to such list. None of the Company, any Guarantor or the Trustee or any other Person shall be under any responsibility with regard to the accuracy of such list. The Trustee may destroy any list furnished to it as provided in <u>Section</u> <u>801</u> upon receipt of a new list so furnished.

The rights of Holders to communicate with other Holders with respect to their rights under this Indenture or under the Notes, and the corresponding rights and privileges of the Trustee, shall be as provided by the TIA.

Every Holder of Notes, by receiving and holding the same, agrees with the Company and the Trustee that none of the Company, nor the Trustee, nor any agent of any of them, shall be held accountable by reason of any disclosure of information as to names and addresses of Holders made pursuant to the TIA.

Section 803. <u>Reports by Trustee</u>. Within 60 days after each February 1, beginning with February 1, 2026, the Trustee shall transmit to Holders such reports concerning the Trustee and its actions under this Indenture as may be required pursuant to the TIA at the times and in the manner provided pursuant thereto for so long as any Notes remain outstanding. A copy of each such report shall, at the time of such transmission to Holders, be filed by the Trustee or any applicable listing agent with each stock exchange upon which any Notes are listed, with the SEC and with the Company. The Company shall notify the Trustee when any Notes are listed on any stock exchange, but any failure to so notify the Trustee shall not constitute a Default or Event of Default by the Company.

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ARTICLE IX

AMENDMENT, SUPPLEMENT OR WAIVER

Section 901. <u>Without Consent of Holders</u>. Without the consent of (or notice to) any Holder, the Company, the Trustee, the Note Collateral Agent and (as applicable) any Guarantor may amend or supplement this Indenture, any Note, any Note Security Document or any Intercreditor Agreement for any of the following purposes:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) to cure any ambiguity, mistake, omission, defect or inconsistency (as determined by the Company in good faith, which determination shall be conclusive),

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) to provide for the assumption by a successor of the obligations of the Company or a Guarantor under this Indenture or any Note,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) to provide for uncertificated Notes in addition to or in place of certificated Notes,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) to add Note Guarantees, to secure the Notes or to add to the Collateral (including to mortgage, pledge, hypothecate or grant any other Lien in favor of the Note Collateral Agent for the benefit of the Trustee, the Note Collateral Agent and the Holders of the Notes, as additional security for the payment and performance of all or any portion of the Obligations with respect to the Notes, in any property or assets, including any that are required to be mortgaged, pledged or hypothecated, or in which a Lien is required to be granted, to or for the benefit of the Note Collateral Agent pursuant to this Indenture, any of the Note Security Documents or otherwise),

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5) to evidence a successor Trustee or Note Collateral Agent,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6) to provide for Additional Obligations pursuant to any Intercreditor Agreement, to confirm and evidence the release, termination or discharge of any Note Guarantee or Lien with respect to or securing the Notes when such release, termination or discharge is provided for under this Indenture, the Notes or any of the Note Security Documents,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7) to add to the covenants of the Company for the benefit of the Noteholders or to surrender any right or power conferred upon the Company,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(8) to provide for or confirm the issuance of the Notes or any Additional Notes,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(9) to conform the text of this Indenture (including any supplemental indenture or other instrument pursuant to which the Initial Notes or any Additional Notes are issued), the Notes (including the Initial Notes and any Additional Notes), any Note Security Document, the Base Intercreditor Agreement or any Note Guarantee to any provision of the "Description of notes" or the "Description of Intercreditor Agreement" section of the Offering Memorandum or, with respect to the Notes or any Additional Notes and any supplemental indenture or other instrument pursuant to which the Notes or such Additional Notes are issued, to the "Description of notes" or the "Description of Intercreditor Agreement" section of the Offering Memorandum relating to the issuance of the Notes or such Additional Notes solely to the extent that such "Description of notes" section provides for terms of the Notes or such Additional Notes that differ from the terms of the Initial Notes offered in accordance with <u>Section</u> <u>301</u>,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(10) to make any change that does not materially adversely affect the rights of any Holder under the Notes, this Indenture, the Note Security Documents or the Intercreditor Agreements (as determined by the Company in good faith, which determination shall be conclusive), or

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(11) to comply with any requirement of the SEC in connection with the qualification of this Indenture under the TIA or otherwise (as determined by the Company in good faith, which determination shall be conclusive).

In addition, the Note Security Documents and any Intercreditor Agreement may be amended in accordance with the terms thereof.

Each Intercreditor Agreement may be amended from time to time with the consent of the parties thereto. In addition, the Company may, without the consent of any other party thereto, amend the Base Intercreditor Agreement to designate indebtedness as "Additional Indebtedness," and to designate one or more agreements as an "Other Original First Lien Credit Agreement" or an "Additional Credit Facility."

Section 902. <u>With Consent of Holders</u>. The Company, the Trustee, the Note Collateral Agent and (as applicable) any Guarantor may amend or supplement this Indenture, the Notes, the Note Security Documents and any Intercreditor Agreement with the consent of the Holders of not less than a majority in aggregate principal amount of the Notes (including Additional Notes, if any) then Outstanding voting as a single class and any past default or compliance with any provisions may be waived with the consent of the Holders of not less than a majority in principal amount of the Notes (including Additional Notes, if any) then Outstanding voting as a single class (including in each case, consents obtained in connection with a tender offer or exchange offer for Notes).

Notwithstanding the provisions of this <u>Section</u> <u>902</u>, without the consent of Holders of at least 90.0% of the principal amount of the Outstanding Notes affected (including consents obtained in connection with a tender offer or exchange of the Notes), an amendment or waiver, including a waiver pursuant to <u>Section</u> <u>613</u>, may not:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) reduce the principal amount of the Notes whose Holders must consent to an amendment or waiver;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) reduce the rate of or extend the time for payment of interest on any Note;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) reduce the principal of or extend the Stated Maturity of any Note;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) reduce the premium payable upon the redemption of any Note, or change the date on which any Note may be redeemed as described in Section 1009;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) make any Note payable in money other than that stated in such Note;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) amend or waive the legal right of any Holder of any Note to receive payment of principal of and interest on such Note on or after the respective Stated Maturity for such principal or Interest Payment Date for such interest expressed in such Note, or to institute suit for the enforcement of any such payment on or after such respective Stated Maturity or Interest Payment Date;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) amend or waive the Company's obligation to redeem the Notes through a Special Mandatory Redemption in a manner that would materially adversely affect the Holders of the Notes (as determined by the Company in good faith); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii) make any change in the amendment or waiver provisions described in this paragraph.

Any amendment, supplement or waiver consented to by Holders of at least 90.0% of the principal amount of the Notes affected will be binding on any non-consenting Holder of the Notes affected.

It shall not be necessary for the consent of the Holders under this <u>Section</u> <u>902</u> to approve the particular form of any proposed amendment, supplement or waiver, but it shall be sufficient if such consent approves the substance thereof.

After an amendment, supplement or waiver under this <u>Section</u> <u>902</u> becomes effective, the Company shall send to the Holders, with a copy to the Trustee, a notice briefly describing the amendment, supplement or waiver. Any failure of the Company to send such notice, or any defect therein, shall not, however, in any way impair or affect the validity of any supplemental indenture or the effectiveness of any such amendment, supplement or waiver.

In addition, without the consent of the Holders of at least 66<sup>2</sup>⁄<sub>3</sub>% in principal amount of Notes then Outstanding, no amendment, supplement or waiver may (<u>1</u>) make any change to any Note Security Document, any Intercreditor Agreement, or the specified provisions in this Indenture dealing with the Collateral or the Note Security Documents, that would release all or substantially all of the Fair Market Value of the Collateral from the Liens of the Note Security Documents (except as permitted by the terms of this Indenture, the Note Security Documents and the Intercreditor Agreements) or would change or alter the priority of the security interests in the Collateral under any Intercreditor Agreement in any manner adverse to the Holders in any material respect or (<u>2</u>) make any other change to any Note Security Document, any Intercreditor Agreement, or the specified provisions in this Indenture dealing with the Collateral or the Note Security Documents, or the application of proceeds of the Collateral pursuant to this Indenture, that would adversely affect the Holders in any material respect, in each case other than in accordance with the terms of this Indenture, the Note Security Documents and the Intercreditor Agreements.

Section 903. <u>Execution of Amendments, Supplements or Waivers</u>. The Trustee and/or the Note Collateral Agent shall sign any amendment, supplement or waiver authorized pursuant to this <u>Article</u> <u>IX</u> if the amendment, supplement or waiver does not adversely affect the rights, duties, liabilities or immunities of the Trustee and/or the Note Collateral Agent, as applicable. If it does, the Trustee and/or the Note Collateral Agent may, but need not, sign it. In signing or refusing to sign such amendment, supplement or waiver, the Trustee and/or the Note Collateral Agent shall be entitled to receive, and shall be fully protected in relying upon, an Officer's Certificate and an Opinion of Counsel to the effect that the execution of such amendment, supplement or waiver is authorized or permitted or complies with this Indenture, that all conditions precedent to such amendment, supplement or waiver required by this Indenture have been complied with and that such amendment, supplement or waiver is a valid and binding agreement of the Company, enforceable against the Company in accordance with its terms.

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Section 904. <u>Revocation and Effect of Consents</u>. Until an amendment, supplement or waiver becomes effective, a consent to it by a Holder is a continuing consent by the Holder and every subsequent Holder of that Note or any Note that evidences all or any part of the same debt as the consenting Holder's Note, even if notation of the consent is not made on any Note. Subject to the following paragraph of this <u>Section</u> <u>904</u>, any such Holder or subsequent Holder may revoke the consent as to such Holder's Note by written notice to the Trustee or the Company, received by the Trustee or the Company, as the case may be, before the date on which the Trustee receives an Officer's Certificate from the Company certifying that the Holders of the requisite principal amount of Notes have consented (and not theretofore revoked such consent) to the amendment, supplement or waiver. The Company may, but shall not be obligated to, fix a record date for the purpose of determining the Holders entitled to consent to any amendment, supplement or waiver as set forth in <u>Section</u> <u>108</u>.

After an amendment, supplement or waiver becomes effective, it shall bind every Holder of Notes.

Section 905. <u>[Reserved]</u>.

Section 906. <u>Notation on or Exchange of Notes</u>. If an amendment, supplement or waiver changes the terms of a Note, the Trustee shall (if required by the Company and in accordance with the specific direction of the Company) request the Holder of the Note to deliver it to the Trustee. The Trustee shall (if required by the Company and in accordance with the specific direction of the Company) place an appropriate notation on the Note about the changed terms and return it to the Holder. Alternatively, if the Company or the Trustee so determines, the Company in exchange for the Note shall issue and the Trustee shall authenticate a new Note that reflects the changed terms. Failure to make the appropriate notation or issue a new Note shall not affect the validity and effect of such amendment, supplement or waiver.

Section 907. <u>Net Short Holders</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Each amendment, supplement, waiver or modification of this Indenture, the Notes, the Note Security Documents or the Intercreditor Agreements as well as any other request, demand, authorization, direction, notice, consent or waiver under this Indenture, shall be binding and effective as to each Net Short Holder. By acceptance of a beneficial ownership interest in the Notes, each Notes Beneficial Owner shall be deemed to have agreed to not take any action, whether consenting, affirmatively not consenting or otherwise, for any amendment, supplement, waiver or modification of this Indenture, the Notes, the Note Security Documents or the Intercreditor Agreements, or otherwise give any request, demand, authorization, direction, notice, consent or waiver under this Indenture, if it is a Net Short Holder (in each case unless otherwise agreed to by the Company). In connection with any amendment, supplement, waiver or modification of this Indenture, the Notes, the Note Security Documents or the Intercreditor Agreements, or any other request, demand, authorization, direction, notice, consent or waiver under this Indenture, each Notes Beneficial Owner shall promptly notify the Trustee and the Company in writing that it is a Net Short Holder, or shall otherwise be deemed

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to have represented and warranted to the Company and the Trustee that it is not a Net Short Holder; <u>provided</u> that if such action relates to a Default or Event of Default, such representation or deemed representation shall be deemed repeated at all times until the resulting Default or Event of Default is cured or ceases to exist or the Notes hereunder are accelerated. In connection with, and as a condition to, taking any action requiring the consent of, or the giving of any request, demand, authorization, direction, notice, consent or waiver by, the Holders of the requisite principal amount of Notes, each Notes Beneficial Owner taking such action shall (<u>A</u>) certify to the Trustee and the Company that it is not a Net Short Holder (in each case unless otherwise agreed to by the Company) and (<u>B</u>) covenant to provide the Company with such other information as the Company may reasonably request from time to time in order to verify the accuracy of such Notes Beneficial Owner's representation or warranty, deemed representation or warranty or certification with respect to not being a Net Short Holder, within five Business Days of request thereof (the "<u>Net Short Holder Verification Covenant</u>"). Notwithstanding the foregoing, these provisions shall in no way limit the right of any Notes Beneficial Owner or Holder to institute suit for the enforcement of payment of principal and interest of any Note of such Holder on or after the final maturity date for such principal or scheduled interest payment dates for such interest expressed in such Note. If any Notes Beneficial Owner has made an incorrect representation or warranty, deemed representation or warranty or certification with respect to not being a Net Short Holder, or has otherwise breached its covenant to not take any action, whether consenting, affirmatively not consenting or otherwise, for any amendment, supplement, waiver or modification of this Indenture, the Notes, the Note Security Documents or the Intercreditor Agreements, or otherwise give any request, demand, authorization, direction, notice, consent or waiver under this Indenture, if it is a Net Short Holder (in each case unless otherwise agreed to by the Company), the Company shall have the right at the sole expense of any such Person to cause such Person to (and such Person shall be obligated to) transfer any or all of its Notes to one or more transferees (which may, at the Company's sole option, be or include the Company or any Subsidiary); <u>provided</u> that (<u>1</u>) the Trustee shall not have any obligation to the Company or to such Notes Beneficial Owner to find such a transferee, (<u>2</u>) the Company shall not have any obligation to such Notes Beneficial Owner to find such a transferee or accept or consent to any such transfer to itself or any other Person and (<u>3</u>) the transferee (or, at its option, the Company) shall pay to such Notes Beneficial Owner concurrently with such transfer an amount (which payment shall be deemed payment in full) equal to the lesser of (<u>x</u>) the face principal amount of the Notes so assigned and (<u>y</u>) the most recently available quoted price for such Notes (as determined by the Company in good faith, which determination shall be conclusive), in each case without interest thereon. The rights and remedies of the Company provided herein are cumulative and are not exclusive of any other rights and remedies provided to the Company at law or in equity, and the Company shall be entitled to pursue any remedy available to it against any Net Short Holder (or any Notes Beneficial Owner that the Company in good faith believes is a Net Short Holder). In no event shall the Trustee have any liability or obligation to ascertain, monitor or inquire as to whether any Person is a Net Short Holder and/or whether such Net Short Holder has delivered any related certifications under this Indenture or in connection with the Notes. It is understood and agreed that the Company and the Trustee shall be entitled to rely on each representation, deemed representation and certification made by, and covenant of, each Notes Beneficial Owner provided for in this paragraph. Notwithstanding any other provision of this Indenture, the Notes or any other document, the provisions of this paragraph shall apply and survive with respect to each Notes Beneficial Owner notwithstanding that any such Person may have ceased to be a Notes Beneficial Owner, this Indenture may have been terminated or the Notes may have been redeemed in full.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) If, in connection with the giving of a request, demand, authorization, notice, consent or waiver relating to a Default or Event of Default (each, a "<u>Default Direction</u>"), but prior to the acceleration of the Notes, the Company determines in good faith that there is a reasonable basis to believe a Notes Beneficial Owner that took such action made an incorrect representation or warranty, deemed representation or warranty or certification with respect to not being a Net Short Holder, or otherwise at any relevant time on or following such action was a Net Short Holder, the Company delivers an Officer's Certificate to the Trustee certifying that (<u>i</u>) the Company believes in good faith that there is a reasonable basis to believe a Notes Beneficial Owner that gave a Default Direction (<u>x</u>) made an incorrect representation or warranty, deemed representation or warranty or certification with respect to not being a Net Short Holder, or otherwise at any relevant time on or following such action was a Net Short Holder or (<u>y</u>) breached the Net Short Holder Verification Covenant and (<u>ii</u>) the Company and/or one of its Affiliates has filed papers with a court of competent jurisdiction seeking a determination that such Notes Beneficial Owner made an incorrect representation or warranty, deemed representation or warranty or certification with respect to not being a Net Short Holder, or otherwise at any relevant time on or following such action was a Net Short Holder or breached the Net Short Holder Verification Covenant, and seeking to invalidate any Default or Event of Default that resulted from such action, the cure period with respect to such Default or Event of Default shall be automatically stayed pending a final and non-appealable determination of a court of competent jurisdiction on such matter. If such Officer's Certificate has been delivered to the Trustee, the Trustee shall refrain from acting in accordance with any such Default Direction until such time as the Company provides to the Trustee an Officer's Certificate stating that such Notes Beneficial Owner has satisfied its Net Short Holder Verification Covenant. If such Notes Beneficial Owner has satisfied its Net Short Holder Verification Covenant, then the Trustee shall be permitted to act in accordance with such Default Direction.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) If any amendment, supplement, waiver or modification of this Indenture, the Notes, the Note Security Documents or the Intercreditor Agreements, or any other request, demand, authorization, direction, notice, consent or waiver under this Indenture, is effected in violation of <u>Section</u> <u>907(b)</u> (including, without limitation, as a result of such amendment, supplement, waiver or modification having been consented to by a Net Short Holder or such other request, demand, authorization, direction, notice, consent or waiver having been given by a Net Short Holder), and assuming all Net Short Holders complied with <u>Section</u> <u>907(b)</u> and Notes owned by all Net Short Holders were disregarded and deemed not to be Outstanding (in each case unless otherwise agreed to by the Company), (<u>1</u>) if such amendment, supplement, waiver or modification, or such other request, demand, authorization, direction, notice, consent or waiver, shall have received the requisite percentage of Holders under this Indenture, the Notes, the Note Security Documents or the Intercreditor Agreements without taking into account any action, whether consenting, affirmatively not consenting or otherwise, of any Net Short Holder (in each case unless otherwise agreed to by the Company), then such amendment, supplement, waiver or modification, or such other request, demand, authorization, direction, notice, consent or waiver shall nonetheless be binding and effective, and shall not be null or void, as to each Holder and (<u>2</u>) in all other cases, such amendment, supplement, waiver or modification, or such other request, demand, authorization, direction, notice, consent or waiver shall be null and void (in each case unless otherwise agreed to by the Company).

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ARTICLE X

REDEMPTION OF NOTES

Section 1001. <u>Applicability of Article</u>. Notes that are redeemable in whole or in part before their Stated Maturity shall be redeemable in accordance with their terms and in accordance with this Article X.

Section 1002. <u>Special Mandatory Redemption</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) If (1) the consummation of the Kito Crosby Acquisition does not occur on or before close of business on August 10, 2026 (or such later date if the end date is extended under the Kito Crosby Purchase Agreement) (the "<u>End Date</u>") or (2) the Company delivers a notice to the Trustee in writing stating it has determined that the consummation of the Kito Crosby Acquisition will not occur on or before the End Date (the earlier of the date of the End Date or the delivery of such notice, the "<u>Kito Crosby Acquisition Deadline</u>"), the Company will be required to redeem all of the Initial Notes issued on the Issue Date (the "<u>Special Mandatory Redemption</u>") at a redemption price equal to 100 % of aggregate principal amount of the Notes, plus accrued and unpaid interest on the Notes being redeemed, if any, to, but excluding, the Special Mandatory Redemption Date (the "<u>Special Mandatory Redemption Price</u>").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Special Mandatory Redemption is required to occur by a date no later than ten days after the Kito Crosby Acquisition Deadline, upon three days' notice (the "<u>Special Mandatory Redemption Date</u>"). The Company shall promptly, and in any event not more than three days after the Kito Crosby Acquisition Deadline, deliver written notice of the Special Mandatory Redemption to the Trustee, who shall then promptly deliver such notice to each Holder of Notes at its registered address or, with respect to Global Notes, in accordance with the procedures of The Depository Trust Company. If funds sufficient to pay the Special Mandatory Redemption Price of the Notes to be redeemed on the Special Mandatory Redemption Date are deposited with the Trustee or the Paying Agent on or before such Special Mandatory Redemption Date, then on and after such Special Mandatory Redemption Date, the aggregate principal amount of Notes being redeemed will cease to bear interest.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Upon the occurrence of the closing of the Kito Crosby Acquisition, the provisions of this <u>Section</u> <u>1002</u> will cease to apply.

Section 1003. <u>Election to Redeem; Notice to Trustee</u>. In case of any redemption at the election of the Company of less than all of the Notes, the Company shall, at least two Business Days (but not more than 60 days (except that such notice may be delivered more than 60 days prior to the Redemption Date if the Redemption Date is delayed), prior to the date on which notice is required to be sent or caused to be sent to Holders pursuant to <u>Section</u> <u>1005</u>, notify the Trustee of such Redemption Date and of the principal amount of Notes to be redeemed, but failure to so notify the Trustee shall not invalidate any notice given in accordance with <u>Section</u> <u>1005</u> and shall not constitute a Default or Event of Default by the Company.

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Section 1004. <u>Selection by Trustee of Notes to Be Redeemed</u>. In the case of any partial redemption, selection of the Notes for redemption will be made by the Trustee in accordance with the Applicable Procedures not more than 60 days prior to the Redemption Date (except that such notice may be delivered more than 60 days prior to the Redemption Date if the Redemption Date is delayed) on a *pro rata* basis, by lot or by such other method as the Trustee in its sole discretion shall deem to be fair and appropriate in minimum denominations of $2,000 or integral multiples of $1,000 in excess thereof, although no Note less than the Minimum Denomination in original principal amount will be redeemed in part.

The Trustee shall promptly notify the Company in writing of the Notes selected for redemption and, in the case of any Note selected for partial redemption, the principal amount thereof to be redeemed. On and after the Redemption Date, unless the company defaults in payment of the redemption price, interest will cease to accrue on Notes or portions thereof called for redemption.

For all purposes of this Indenture, unless the context otherwise requires, all provisions relating to the redemption of Notes shall relate, in the case of any Note redeemed or to be redeemed only in part, to the portion of the principal amount of such Note that has been or is to be redeemed.

Section 1005. <u>Notice of Redemption</u>. Subject to the final paragraph of <u>Section</u> <u>110</u>, notice of redemption or purchase as provided in <u>Section</u> <u>1001</u> shall be given electronically or, at the Company's option, by first-class mail, postage prepaid, mailed not less than 10 nor more than 60 days prior to the Redemption Date (except that such notice (other than in connection with a redemption pursuant to <u>Section</u> <u>1009(v)</u>) may be delivered more than 60 days prior to the Redemption Date if such notice is issued in connection with the defeasance of Notes pursuant to <u>Section</u> <u>1201</u> or a satisfaction and discharge of this Indenture and the Notes pursuant to <u>Section</u> <u>1101</u> or of such Notes pursuant to <u>Section</u> <u>1102</u>, or if the Redemption Date is delayed), to each Holder of Notes to be redeemed, at such Holder's address appearing in the Note Register.

Any such notice shall state:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the expected Redemption Date,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the redemption price (or the formula by which the redemption price will be determined),

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) if less than all Outstanding Notes are to be redeemed, the identification (and, in the case of partial redemption, the portion of the respective principal amounts) of the Notes to be redeemed,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) that, on the Redemption Date, the redemption price will become due and payable upon each such Note, and that, unless the Company defaults in making such redemption payment or the Paying Agent is prohibited from making such payment pursuant to the terms of this Indenture, interest thereon shall cease to accrue from and after said date,

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5) the place where such Notes are to be surrendered for payment of the redemption price, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6) if applicable, any condition to such redemption.

In addition, if such redemption, purchase or notice is subject to satisfaction (or, waiver by the Company in its sole discretion) of one or more conditions precedent, such notice shall describe each such condition, and if applicable, shall state that, in the Company's discretion, the Redemption Date may be delayed until such time as any or all such conditions shall be satisfied (or waived by the Company in its sole discretion), or such redemption or purchase may not occur and such notice may be rescinded in the event that any or all such conditions shall not have been (or, in the Company's sole determination, may not be) satisfied (or waived by the Company in its sole discretion) by the Redemption Date, or by the Redemption Date as so delayed.

The Company may provide in such notice that payment of the redemption price and the performance of the Company's obligations with respect to such redemption may be performed by another Person.

Notice of such redemption or purchase of Notes to be so redeemed or purchased at the election of the Company shall be given by the Company or, at the Company's request (made to the Trustee at least 15 days (or such shorter period as shall be satisfactory to the Trustee) prior to the Redemption Date), by the Trustee in the name and at the expense of the Company. Any such request will set forth the information to be stated in such notice, as provided by this <u>Section</u> <u>1005</u>.

The notice if mailed in the manner herein provided shall be conclusively presumed to have been given, whether or not the Holder receives such notice. In any case, failure to give such notice by mail or any defect in the notice to the Holder of any Note designated for redemption as a whole or in part shall not affect the validity of the proceedings for the redemption of any other Note.

Section 1006. <u>Deposit of Redemption Price</u>. On or prior to 12:00 p.m., New York City time, on any Redemption Date, the Company shall deposit or cause to be deposited with the Trustee or with a Paying Agent (or, if the Company is acting as its own Paying Agent, the Company shall segregate and hold in trust as provided in <u>Section</u> <u>403</u>) an amount of money sufficient to pay the redemption price of, and any accrued and unpaid interest on, all of the Notes or portions thereof which are to be redeemed on that date.

Section 1007. <u>Notes Payable on Redemption Date</u>. Notice of redemption having been given as provided in this <u>Article</u> <u>X</u>, the Notes so to be redeemed shall, on the Redemption Date, become due and payable at the redemption price specified herein and from and after such date (unless the Company shall default in the payment of the redemption price or the Paying Agent is prohibited from paying the redemption price pursuant to the terms of this Indenture) such Notes shall cease to bear interest. Upon surrender of such Notes for redemption in accordance with such notice, such Notes shall be paid by or on behalf of the Company at the redemption price. Installments of interest whose Interest Payment Date is on or prior to the Redemption Date shall be payable to the Holders of such Notes registered as such on the relevant Regular Record Dates according to their terms and the provisions of <u>Section</u> <u>307</u>.

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On and after any Redemption Date, if money sufficient to pay the redemption price of and any accrued and unpaid interest on Notes called for redemption shall have been made available in accordance with <u>Section</u> <u>1006</u>, the Notes (or the portions thereof) called for redemption will cease to accrue interest and the only right of the Holders of such Notes (or portions thereof) will be to receive payment of the redemption price of and, subject to the last sentence of the preceding paragraph, any accrued and unpaid interest on such Notes (or portions thereof) to but not including the Redemption Date. If any Note (or portion thereof) called for redemption shall not be so paid upon surrender thereof for redemption, the principal (and premium, if any) shall, until paid, bear interest from the Redemption Date at the rate borne by the Note (or portion thereof).

Section 1008. <u>Notes Redeemed in Part</u>. Any Note that is to be redeemed only in part shall be surrendered at the Place of Payment (with due endorsement by, or a written instrument of transfer in form satisfactory to the Company duly executed by, the Holder thereof or its attorney duly authorized in writing) and the Company shall execute and (upon receipt of an Authentication Order) the Trustee shall authenticate and deliver to the Holder of such Note without service charge, a new Note or Notes, of any authorized denomination as requested by such Holder in aggregate principal amount equal to and in exchange for the unredeemed portion of the principal of the Note so surrendered (or if the Note is a global note, an adjustment shall be made to the schedule attached thereto).<u> </u>

Section 1009. <u>Optional Redemption</u>. The Notes will be redeemable, at the Company's option, at any time prior to maturity in accordance with the provisions of this <u>Section</u> <u>1009</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) The Notes will be redeemable, at the Company's option, in whole or in part, at any time and from time to time on and after February 1, 2029, and prior to maturity at the applicable redemption price set forth below. The Notes will be so redeemable at the following redemption prices (expressed as a percentage of principal amount), plus accrued and unpaid interest, if any, to but excluding the relevant Redemption Date (subject to the right of Holders of record on the relevant Regular Record Date to receive interest due on the relevant Interest Payment Date falling prior to or on the Redemption Date pursuant to <u>Section</u> <u>307</u>), if redeemed during the 12-month period commencing on February 1 of the years set forth below:

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| | |
|:---|:---|
| **Redemption Period** | **Price** |
| 2029 | 103.563% |
| 2030 | 101.781% |
|  2031 and thereafter | 100.000% |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) In addition, during any 12-month period prior to February 1, 2029, the Company will be entitled to redeem up to 10.0% of the original aggregate principal amount of the Notes (including the principal amount of any Additional Initial Notes, or any other Additional Notes of the same series as the Initial Notes) at a redemption price (expressed as a percentage of principal amount thereof) of 103.000% of the aggregate principal amount thereof, plus accrued and unpaid interest, if any, to but excluding the Redemption Date (subject to the right of Holders of record on the relevant Regular Record Date to receive interest due on the relevant Interest Payment Date falling prior to or on the Redemption Date pursuant to <u>Section</u> <u>307</u>).

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) In addition, at any time and from time to time prior to February 1, 2029, the Company at its option may redeem Notes in an aggregate principal amount equal to up to 40.0% of the original aggregate principal amount of the Notes (including the principal amount of any Additional Initial Notes, or any other Additional Notes of the same series as the Initial Notes), with funds in an aggregate amount (with respect to the Notes, the "<u>Redemption Amount</u>") not exceeding the aggregate proceeds of one or more Equity Offerings, at a redemption price (expressed as a percentage of principal amount thereof) of 107.125%, plus accrued and unpaid interest, if any, to, but excluding the Redemption Date (subject to the right of Holders of record on the relevant Regular Record Date to receive interest due on the relevant Interest Payment Date falling prior to or on the Redemption Date pursuant to <u>Section</u> <u>307</u>) (each, with respect to the Notes, an "<u>Equity Offering Redemption</u>"); <u>provided</u>, <u>however</u>, that if Notes are redeemed pursuant to this <u>clause (iii)</u>, an aggregate principal amount of Notes equal to at least 50.0% of the original aggregate principal amount of Notes (including the principal amount of any Additional Initial Notes, or any other Additional Notes of the same series as the Initial Notes) must remain outstanding immediately after each such redemption of Notes (unless all Notes are otherwise repurchased or redeemed substantially concurrently with the corresponding Equity Offering Redemption). Any amount payable pursuant to this <u>clause (iii)</u> may be funded from any source (including amounts in excess of the Redemption Amount). Any notice of any such redemption may be given prior to the completion of the related Equity Offering, but in no event may be given more than 180 days after the completion of the related Equity Offering.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) At any time prior to February 1, 2029, Notes may also be redeemed in whole or in part, at the Company's option, at a price equal to 100.0% of the principal amount thereof plus the Applicable Premium (as defined below) as of, and accrued and unpaid interest, if any, to, but excluding the Redemption Date (subject to the right of Holders of record on the relevant Regular Record Date to receive interest due on the relevant Interest Payment Date falling prior to or on the Redemption Date pursuant to <u>Section</u> <u>307</u>).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) Notwithstanding clauses <u>(i)</u> through <u>(iv)</u> of this <u>Section</u> <u>1009</u>, in connection with any tender offer for the Notes (including pursuant to an Offer), if Holders of not less than 90.0% in the aggregate principal amount of the outstanding Notes (including the principal amount of any Additional Initial Notes, or any other Additional Notes of the same series as the Initial Notes) validly tender and do not withdraw such Notes in such tender offer and the Company, or any other Person making such tender offer, purchases all of the Notes (including any Additional Initial Notes, or any other Additional Notes of the same series as the Initial Notes) validly tendered and not withdrawn by such Holders, the Company will have the right, upon notice given not more than 30 days following such purchase pursuant to such tender offer, to redeem all of the Notes (including any Additional Initial Notes, or any other Additional Notes of the same series as the Initial Notes) that remain outstanding following such purchase at a price in cash equal to the price offered to each Holder in such tender offer, plus, to the extent not included in the tender offer payment, accrued and unpaid interest to but excluding the

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Redemption Date (subject to the right of Holders of record on the relevant Regular Record Date to receive interest due on the relevant Interest Payment Date falling prior to or on the Redemption Date). In determining whether the Holders of at least 90.0% in the aggregate principal amount of the outstanding Notes have validly tendered and not validly withdrawn the Notes in an offer, Notes owned by an Affiliate of the Company or by funds controlled or managed by an Affiliate of the Company, or any successor thereof, shall be deemed to be outstanding for the purposes of such offer.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) Any redemption of Notes pursuant to this <u>Section</u> <u>1009</u> may be made upon notice sent electronically or, at the Company's option, mailed by first class mail to each Holder's registered address in accordance with <u>Section</u> <u>1005</u>, and, if applicable, the Company shall notify the Trustee of such Redemption Date, and the principal amount of Notes to be redeemed in accordance with <u>Section</u> <u>1003</u>. The Company may provide in any redemption notice that payment of the redemption price and the performance of the Company's obligations with respect to such redemption may be performed by another Person.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) Any redemption of Notes pursuant to this <u>Section</u> <u>1009</u> (including in connection with an Equity Offering, a Change of Control, an Asset Disposition, other transaction or event or otherwise) or notice thereof may, at the Company's discretion, be subject to the satisfaction (or waiver by the Company in its sole discretion) of one or more conditions precedent, which may include consummation of any related Equity Offering or the completion or occurrence of a Change of Control, Asset Disposition or other transaction or event, as the case may be. If such redemption or notice is subject to satisfaction of one or more conditions precedent, such notice may state that, in the Company's discretion, the Redemption Date may be delayed until such time as any or all such conditions shall be satisfied (or waived by the Company in its sole discretion), or such redemption may not occur and such notice may be rescinded in the event that any or all such conditions shall not have been (or, in the Company's sole determination, may not be) satisfied (or waived by the Company in its sole discretion) by the Redemption Date, or by the Redemption Date so delayed. The Company, the Investors and their respective Affiliates may acquire the Notes whether by tender offer, open market purchases, negotiated transactions or otherwise.

ARTICLE XI

SATISFACTION AND DISCHARGE

Section 1101. <u>Satisfaction and Discharge of Indenture</u>. The Notes, this Indenture and the Note Security Documents shall be discharged and shall cease to be of further effect and any Collateral then securing the Notes shall be automatically released (except as to surviving rights of registration of transfer or exchange of the Notes expressly provided for herein), and the Trustee, on demand of and at the expense of the Company, shall execute proper instruments acknowledging satisfaction and discharge of the Outstanding Notes and this Indenture, when:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) either

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) all Notes previously authenticated and delivered (other than (<u>i</u>) Notes that have been destroyed, lost or stolen and that have been replaced or paid as provided in <u>Section</u> <u>306</u>, and (<u>ii</u>) Notes for whose payment money has theretofore been deposited in trust or segregated and held in trust by the Company and thereafter repaid to the Company or discharged from such trust, as provided in <u>Section</u> <u>403</u>) have been cancelled or delivered to the Trustee for cancellation; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) all such Notes not theretofore cancelled or delivered to the Trustee for cancellation

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) have become due and payable,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) will become due and payable at their Stated Maturity within one year, or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) have been called for redemption or are to be called for redemption within one year under arrangements reasonably satisfactory to the Trustee for the giving of notice of redemption by the Trustee in the name, and at the expense, of the Company,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the Company has irrevocably deposited or caused to be deposited with the Trustee money, U.S. Government Obligations or a combination thereof, sufficient (without reinvestment) to pay and discharge the entire Indebtedness on such Notes not previously cancelled or delivered to the Trustee for cancellation, for principal, and premium, if any, and interest to the date of such deposit (in the case of Notes that have become due and payable) their Stated Maturity or Redemption Date, as the case may be (<u>provided</u> that if such redemption shall be made pursuant to the "make-whole" provisions of Section 1009), (<u>x</u>) the amount of money or U.S. Government Obligations, or a combination thereof, that the Company must irrevocably deposit or cause to be deposited shall be determined using an assumed Applicable Premium calculated as of the date of such deposit, as calculated by the Company in good faith (which calculation shall be conclusive), and (<u>y</u>) the Company must irrevocably deposit or cause to be deposited additional money in trust on or prior to the Redemption Date, as required by <u>Section</u> <u>1006</u>, as necessary to pay the Applicable Premium as determined on such Redemption Date);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) the Company has paid or caused to be paid all other sums payable hereunder by the Company; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) the Company has delivered to the Trustee an Officer's Certificate and an Opinion of Counsel each to the effect that all conditions precedent provided for in this <u>Section</u> <u>1101</u> relating to the satisfaction and discharge of this Indenture have been complied with; <u>provided</u> that any such counsel may rely on any Officer's Certificate as to matters of fact (including as to compliance with the foregoing clauses (i), (ii) and (iii)).

Notwithstanding the satisfaction and discharge of this Indenture, (<u>a</u>) the obligations of the Company to the Trustee under <u>Section</u> <u>707</u> and, if money shall have been deposited with the Trustee pursuant to <u>Section</u> <u>1101(ii)</u>, the obligations of the Trustee under <u>Section</u> <u>1102</u> shall survive such satisfaction and discharge, (<u>b</u>) if such satisfaction and discharge is effected through redemption in accordance with <u>Section</u> <u>1101(i)(b)(3)</u>, the provisions of <u>Section</u> <u>1007</u> shall survive such satisfaction and discharge, and the other provisions of <u>Article</u> <u>X</u> shall survive such satisfaction and discharge until the Redemption Date shall have occurred and (<u>c</u>) the obligations of the Note Collateral Agent under <u>Section</u> <u>1413</u> shall survive until the second anniversary of such satisfaction and discharge.

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Section 1102. <u>Application of Trust Money</u>. Subject to the provisions of the last paragraph of <u>Section</u> <u>403</u>, all money and/or U.S. Government Obligations (including the proceeds thereof) deposited with the Trustee pursuant to <u>Section</u> <u>1101</u> or <u>Section</u> <u>1102</u> shall be held in trust and applied by it, in accordance with the provisions of the Notes and this Indenture, to the payment, either directly or through any Paying Agent as the Trustee may determine, to the Persons entitled thereto, of the principal (and premium, if any) and interest on the Notes; but such money need not be segregated from other funds except to the extent required by law.

ARTICLE XII

DEFEASANCE OR COVENANT DEFEASANCE

Section 1201. T<u>he Company</u><u>'</u><u>s Option to Effect Defeasance or Covenant Defeasance</u>. The Company may, at its option, at any time, elect to have terminated the obligations of the Company with respect to Outstanding Notes and to have terminated all of the obligations of the Guarantors with respect to the Note Guarantees, to have released any and all Liens on the Collateral securing the Indebtedness evidenced by the Notes and to have terminated the Note Security Documents in each case, as set forth in this <u>Article</u> <u>XII</u>, and elect to have either <u>Section</u> <u>1202</u> or <u>Section</u> <u>1203</u> be applied to all of the Outstanding Notes (the "<u>Defeased Notes</u>"), upon compliance with the conditions set forth in <u>Section</u> <u>1204</u>. Either <u>Section</u> <u>1202</u> or <u>Section</u> <u>1203</u> may be applied to the Defeased Notes to any Redemption Date or the Stated Maturity of the Notes.

Section 1202. <u>Defeasance and Discharge</u>. Upon the Company's exercise under <u>Section</u> <u>1201</u> of the option applicable to this <u>Section</u> <u>1202</u>, the Company shall be deemed to have been released and discharged from its obligations with respect to the Defeased Notes, the Guarantors shall be deemed to have been released and discharged from their obligations with respect to the Note Guarantees and the Company and the Guarantors shall have released any and all Liens on the Collateral securing the Indebtedness evidenced by the Notes and to have terminated the Note Security Documents on the date the relevant conditions set forth in <u>Section</u> <u>1204</u> are satisfied (hereinafter, "<u>Defeasance</u>"). For this purpose, such Defeasance means that the Company shall be deemed to have paid and discharged the entire Indebtedness represented by the Defeased Notes, which shall thereafter be deemed to be "Outstanding" only for the purposes of <u>Section</u> <u>1205</u> and the other Sections of this Indenture referred to in clauses (a) and (b) below, and the Company and each of the Guarantors shall be deemed to have satisfied all other obligations under such Notes, the Note Guarantees and this Indenture insofar as such Notes are concerned (and the Trustee, at the expense of the Company, shall execute proper instruments acknowledging the same), except for the following, which shall survive until otherwise terminated or discharged hereunder: (<u>a</u>) the rights of Holders of Defeased Notes to receive, solely from the trust fund described in <u>Section</u> <u>1204</u> and as more fully set forth in such Section, payments in respect of principal of and premium, if any, and interest on such Notes when such payments are due, (<u>b</u>) the Company's obligations with respect to such Defeased Notes under

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 <u>Sections</u> <u>304</u>, <u>305</u>, <u>306</u>, <u>402</u> and <u>403</u>, (<u>c</u>) the rights, powers, trusts, duties, indemnities and immunities of the Trustee hereunder, including the Trustee's rights (and the Company's obligations) under <u>Section</u> <u>707</u>, and (<u>d</u>) this <u>Article</u> <u>XII</u>. If the Company exercises its option under this <u>Section</u> <u>1202</u>, payment of the Notes may not be accelerated because of an Event of Default with respect thereto. Subject to compliance with this <u>Article</u> <u>XII</u>, the Company may, at its option and at any time, exercise its option under this <u>Section</u> <u>1202</u> notwithstanding the prior exercise of its option under <u>Section</u> <u>1203</u> with respect to the Notes.

Section 1203. <u>Covenant Defeasance</u>. Upon the Company's exercise under <u>Section</u> <u>1201</u> of the option applicable to this <u>Section</u> <u>1203</u>, (<u>a</u>) the Company and the Guarantors shall be released from their respective obligations under any covenant or provision contained in <u>Section</u> <u>405</u>, <u>Sections</u> <u>407</u> through <u>415</u> and <u>Section</u> <u>1403</u>, and the provisions of clauses (iii), (iv) and (v) and the second paragraph of <u>Section</u> <u>501(a)</u> shall not apply and the Note Security Documents shall be terminated and the Liens, if any, on the Collateral securing the Notes shall be deemed to have been released, and (<u>b</u>) the occurrence of any event specified in clause (iv), (v) (with respect to <u>Section</u> <u>405</u>, <u>Sections</u> <u>407</u> through <u>415</u>, inclusive, and <u>Section</u> <u>1403</u>), (vi), (vii), (viii) (with respect to Subsidiaries), (ix) (with respect to Subsidiaries), (x), (xi) or (xii) of <u>Section</u> <u>601</u> shall be deemed not to be or result in an Event of Default, in each case with respect to the Defeased Notes on and after the date the conditions set forth below are satisfied (hereinafter, "<u>Covenant Defeasance</u>"), and the Notes shall thereafter be deemed not to be "Outstanding" for the purposes of any direction, waiver, consent or declaration or Act of Holders (and the consequences of any thereof) in connection with such covenants or provisions, but shall continue to be deemed "Outstanding" for all other purposes hereunder. For this purpose, such Covenant Defeasance means that, with respect to the Outstanding Notes, the Company and the Guarantors may omit to comply with and shall have no liability in respect of any term, condition or limitation set forth in any such covenant or provision, whether directly or indirectly, by reason of any reference elsewhere herein to any such covenant or provision or by reason of any reference in any such covenant or provision to any other provision herein or in any other document and such omission to comply shall not constitute a Default or an Event of Default under <u>Section</u> <u>601</u>, but, except as specified above, the remainder of this Indenture and such Outstanding Notes shall be unaffected thereby.

Section 1204. <u>Conditions to Defeasance or Covenant Defeasance</u>. The following shall be the conditions to application of either <u>Section</u> <u>1202</u> or <u>Section</u> <u>1203</u> to the Outstanding Notes:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) The Company shall have irrevocably deposited or caused to be deposited with the Trustee, in trust, money or U.S. Government Obligations, or a combination thereof, in amounts as will be sufficient (without reinvestment), to pay and discharge the principal of, and premium, if any, and interest on the Defeased Notes issued by the Company to the Stated Maturity or relevant Redemption Date in accordance with the terms of this Indenture and the Notes (*provided* that if such redemption is made pursuant to <u>Section</u> <u>1009(iv)</u> hereof), (<u>x</u>) the amount of money or U.S. Government Obligations or a combination thereof that the Company must irrevocably deposit or cause to be deposited shall be determined using an assumed Applicable Premium calculated as of the date of such deposit, as calculated by the Company in good faith (which calculation shall be conclusive) and (<u>y</u>) the Company must irrevocably deposit or cause to be deposited additional money in trust on or prior to the Redemption Date, as required by <u>Section</u> <u>1006</u>, as necessary to pay the Applicable Premium as determined on such Redemption Date);

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) No Default or Event of Default shall have occurred and be continuing on the date of such deposit;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) Such deposit shall not result in a breach or violation of, or constitute a Default or Event of Default under, this Indenture or any other material agreement or instrument to which the Company is a party or by which it is bound;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) In the case of an election under <u>Section</u> <u>1202</u>, the Company shall have delivered to the Trustee an Opinion of Counsel from DLA Piper LLP (US) or other counsel in the United States to the effect that Holders of the Notes will not recognize income, gain or loss for U.S. federal income tax purposes as a result of such deposit and Defeasance and will be subject to U.S. federal income tax on the same amount and in the same manner and at the same times as would have been the case if such deposit and Defeasance had not occurred; provided that such Opinion of Counsel (x) shall only be given if a ruling of the Internal Revenue Service is issued after the Issue Date or other change in applicable U.S. federal income tax law is implemented after the Issue Date, and, in such case, such Opinion of Counsel shall be based on such ruling of the Internal Revenue Service or change in applicable U.S. federal income tax law, as applicable and (y) need not be delivered if all Notes theretofore authenticated and delivered (other than (<u>i</u>) Notes that have been destroyed, lost or stolen and that have been replaced or paid as provided in <u>Section</u> <u>306</u>, and (<u>ii</u>) Notes for whose payment money has theretofore been deposited in trust or segregated and held in trust by the Company and thereafter repaid to the Company or discharged from such trust, as provided in <u>Section</u> <u>403</u>) not theretofore delivered to the Trustee for cancellation have become due and payable, will become due and payable at their Stated Maturity within one year, or have been called for redemption or are to be called for redemption, within one year under arrangements reasonably satisfactory to the Trustee for the giving of notice of redemption by the Trustee in the name, and at the expense, of the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5) In the case of an election under <u>Section</u> <u>1203</u>, the Company shall have delivered to the Trustee an Opinion of Counsel from DLA Piper LLP (US) or other counsel in the United States to the effect that Holders of the Notes will not recognize income, gain or loss for U.S. federal income tax purposes as a result of such Covenant Defeasance and will be subject to U.S. federal income tax on the same amount and in the same manner and at the same times as would have been the case if such Covenant Defeasance had not occurred; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6) The Company shall have delivered to the Trustee an Officer's Certificate and an Opinion of Counsel from DLA Piper LLP (US) or other counsel in the United States, each to the effect that all conditions precedent provided for in this <u>Section</u> <u>1204</u> relating to either the Defeasance under <u>Section</u> <u>1202</u> or the Covenant Defeasance under <u>Section</u> <u>1203</u>, as the case may be, have been complied with. In rendering such Opinion of Counsel, counsel may rely on an Officer's Certificate as to compliance with the foregoing clauses (1), (2) and (3) of this <u>Section</u> <u>1204</u> or as to any matters of fact.

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Section 1205. <u>Deposited Money and U.S. Government Obligations to Be Held in Trust; Other Miscellaneous Provisions</u>. Subject to the provisions of the last paragraph of <u>Section</u> <u>403</u>, all money and U.S. Government Obligations (including the proceeds thereof) deposited with the Trustee (or such other Person that would qualify to act as successor trustee under <u>Article</u> <u>VII</u>, collectively and solely for purposes of this <u>Section</u> <u>1205</u>, the "<u>Trustee</u>") pursuant to <u>Section</u> <u>1204</u> in respect of the Defeased Notes shall be held in trust and applied by the Trustee, in accordance with the provisions of such Notes and this Indenture, to the payment, either directly or through any Paying Agent as the Trustee may determine, to the Holders of such Notes of all sums due and to become due thereon in respect of principal, premium, if any, and interest, but such money need not be segregated from other funds except to the extent required by law.

The Company shall pay and indemnify the Trustee and its agents and hold them harmless against any tax, fee or other charge imposed on or assessed against the U.S. Government Obligations deposited by the Company pursuant to <u>Section</u> <u>1204</u>, or the principal, premium, if any, and interest received in respect thereof, other than any such tax, fee or other charge that by law is for the account of the Holders of the Defeased Notes.

Anything in this <u>Article</u> <u>XII</u> to the contrary notwithstanding, the Trustee shall deliver to the Company from time to time, upon Company Request, any money or U.S. Government Obligations held by it as provided in <u>Section</u> <u>1204</u> that, in the opinion of a nationally recognized accounting or investment banking firm expressed in a written certification thereof to the Trustee, are in excess of the amount thereof that would then be required to be deposited to effect an equivalent Defeasance or Covenant Defeasance. Subject to <u>Article</u> <u>VII</u>, the Trustee shall not incur any liability to any Person by relying on such opinion.

Section 1206. <u>Reinstatement</u>. If the Trustee or Paying Agent is unable to apply any money or U.S. Government Obligations in accordance with <u>Section</u> <u>1202</u> or <u>1203</u>, as the case may be, by reason of any order or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such application, then the obligations of the Company and the Guarantors under this Indenture, the Defeased Notes and the Note Guarantees shall be revived and reinstated as though no deposit had occurred pursuant to <u>Section</u> <u>1202</u> or <u>1203</u>, as the case may be, until such time as the Trustee or Paying Agent is permitted to apply all such money and U.S. Government Obligations in accordance with <u>Section</u> <u>1202</u> or <u>1203</u>, as the case may be; <u>provided</u>, <u>however</u>, that if the Company or any Guarantor makes any payment of principal, premium, if any, or interest on any Note following the reinstatement of its obligations, the Company or Guarantor, as the case may be, shall be subrogated to the rights of the Holders of such Notes to receive such payment from the money and U.S. Government Obligations held by the Trustee or Paying Agent.

Section 1207. <u>Repayments to the Company</u>. The Trustee shall pay to the Company upon Company Request any money held by it for the payment of principal or interest that remains unclaimed for two years after the Stated Maturity or the Redemption Date, as the case may be. After payment to the Company, Holders entitled to money must look to the Company for payment as general creditors unless an applicable abandoned property law designates another Person and all liability of the Trustee or Paying Agent with respect to such money shall thereupon cease.

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ARTICLE XIII

NOTE GUARANTEES

Section 1301. <u>Guarantees Generally</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Guarantee of Each Guarantor</u>. From and after the Kito Crosby Acquisition Closing Date, each Guarantor, as primary obligor and not merely as surety, hereby jointly and severally, irrevocably and fully and unconditionally Guarantees, on a senior first priority secured basis, the punctual payment when due, whether at Stated Maturity, by acceleration or otherwise, of all monetary obligations of the Company under this Indenture and the Notes, whether for principal of or interest on the Notes, expenses, indemnification or otherwise (all such obligations guaranteed by such Guarantors being herein called the "<u>Note Guaranteed Obligations</u>").

The obligations of each Guarantor will be limited to the maximum amount as will, after giving effect to all other contingent and fixed liabilities of such Guarantor (including, but not limited to, any Guarantee by it of any Debt Facility Indebtedness and after giving effect to any collections from or payments made by or on behalf of any other Guarantor in respect of the obligations of such other Guarantor under its Note Guarantee or pursuant to its contribution obligations under this Indenture), result in the obligations of such Guarantor under the Note Guarantee not constituting a fraudulent conveyance or fraudulent transfer under applicable law, or being void or unenforceable under any law relating to insolvency of debtors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Further Agreements of Each Guarantor</u>. Each Guarantor hereby agrees that (to the fullest extent permitted by law) its obligations hereunder shall be unconditional, irrespective of the validity, regularity or enforceability of this Indenture, the Notes or the obligations of the Company or any other Guarantor to the Holders or the Trustee hereunder or thereunder, the absence of any action to enforce the same, any waiver or consent by any Holder with respect to any provisions hereof or thereof, any release of any other Guarantor, the recovery of any judgment against the Company, any action to enforce the same, whether or not a notation concerning its Note Guarantee is made on any particular Note, or any other circumstance that might otherwise constitute a legal or equitable discharge or defense of a Guarantor.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Each Guarantor hereby waives (to the fullest extent permitted by law) the benefit of diligence, presentment, demand of payment, filing of claims with a court in the event of insolvency or bankruptcy of the Company, any right to require a proceeding first against the Company, protest, notice and all demands whatsoever and covenants that (except as otherwise provided in <u>Section</u> <u>1303</u>) its Note Guarantee will not be discharged except by complete performance of the obligations contained in the Notes, this Indenture, the Note Security Documents and this Note Guarantee. Such Note Guarantee is a guarantee of payment and not of collection. Each Guarantor further agrees (to the fullest extent permitted by law) that, as between it, on the one hand, and the Holders of Notes and the Trustee, on the other hand, subject to this <u>Article</u> <u>XIII</u>, (<u>1</u>) the maturity of the obligations guaranteed by its Note Guarantee may be

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accelerated as and to the extent provided in <u>Article</u> <u>VI</u> for the purposes of such Note Guarantee, notwithstanding any stay, injunction or other prohibition preventing such acceleration in respect of the obligations guaranteed by such Note Guarantee, and (<u>2</u>) in the event of any acceleration of such obligations as provided in <u>Article</u> <u>VI</u>, such obligations (whether or not due and payable) shall forthwith become due and payable by such Guarantor in accordance with the terms of this <u>Section</u> <u>1301</u> for the purpose of such Note Guarantee. Neither the Trustee nor any other Person shall have any obligation to enforce or exhaust any rights or remedies or to take any other steps under any security for the Note Guaranteed Obligations or against the Company or any other Person or any property of the Company or any other Person before the Trustee is entitled to demand payment and performance by any or all Guarantors of their obligations under their respective Note Guarantees or under this Indenture.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Until terminated in accordance with <u>Section</u> <u>1303</u>, each Note Guarantee shall remain in full force and effect and continue to be effective should any petition be filed by or against the Company for liquidation or reorganization, should the Company become insolvent or make an assignment for the benefit of creditors or should a receiver or trustee be appointed for all or any significant part of the Company's assets, and shall, to the fullest extent permitted by law, continue to be effective or be reinstated, as the case may be, if at any time payment and performance of the Notes are, pursuant to applicable law, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee on such Notes, whether as a "voidable preference," "fraudulent transfer" or otherwise, all as though such payment or performance had not been made. In the event that any payment, or any part thereof, is rescinded, reduced, restored or returned, the Notes shall, to the fullest extent permitted by law, be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Each Guarantor that makes a payment or distribution under its Note Guarantee shall have the right to seek contribution from the Company or any non-paying Guarantor that has also Guaranteed the relevant Note Guaranteed Obligations in respect of which such payment or distribution is made, so long as the exercise of such right does not impair the rights of the Holders under the Note Guarantees.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Each Guarantor acknowledges that it will receive direct and indirect benefits from the financing arrangements contemplated by this Indenture and that its Note Guarantee, and the waiver set forth in <u>Section</u> <u>1305</u>, are knowingly made in contemplation of such benefits.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) Each Guarantor, pursuant to its Note Guarantee, also hereby agrees to pay any and all reasonable and documented out-of-pocket expenses (including reasonable counsel fees and expenses) incurred by the Trustee, the Note Collateral Agent or the Holders in enforcing any rights under its Note Guarantee.

Section 1302. <u>Continuing Guarantees</u>. (a) Each Note Guarantee shall be a continuing Guarantee and shall (<u>i</u>) subject to <u>Section</u> <u>1303</u>, remain in full force and effect until payment in full of the principal amount of all Outstanding Notes (whether by payment at maturity, purchase, repurchase, redemption, defeasance, retirement or other acquisition) and all other Note Guaranteed Obligations then due and owing unless earlier terminated as described below, (<u>ii</u>) be binding upon such Guarantor and (<u>iii</u>) inure to the benefit of and be enforceable by the Trustee, the Note Collateral Agent, the Holders and their permitted successors, transferees and assigns.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The obligations of each Guarantor hereunder shall continue to be effective or shall be reinstated, as the case may be, if at any time any payment which would otherwise have reduced or terminated the obligations of any Guarantor hereunder and under its Note Guarantee (whether such payment shall have been made by or on behalf of the Company, or by or on behalf of a Guarantor) is rescinded or reclaimed from any of the Holders upon the insolvency, bankruptcy, liquidation or reorganization of the Company, or any Guarantor or otherwise, all as though such payment had not been made.

Section 1303. <u>Release of Note Guarantees</u>. Notwithstanding the provisions of <u>Section</u> <u>1302</u>, Note Guarantees will be subject to termination and discharge under the circumstances described in this <u>Section</u> <u>1303</u>. Any Guarantor will automatically and unconditionally be released from all obligations under its Note Guarantee, and such Note Guarantee shall thereupon terminate and be discharged and of no further force or effect, (<u>i</u>) concurrently with any direct or indirect sale or disposition (by merger or otherwise) of any Guarantor or any interest therein, or any other transaction, in accordance with the terms of this Indenture (including <u>Section</u> <u>411</u> and <u>Section</u> <u>501</u>), following which such Guarantor is no longer a Restricted Subsidiary of the Company, (<u>ii</u>) at any time that such Guarantor is (or, substantially concurrently with the release of the Note Guarantee of such Guarantor or if as a result of the release of the Note Guarantee of such Guarantor, will be) released from all of its obligations under its guarantee of payment by the Company and all other guarantors of any Indebtedness of the Company and such other guarantors under the Senior Credit Facility or any Capital Market Indebtedness that (in the case of such Capital Market Indebtedness) when initially granted resulted in such Subsidiary's obligation to Guarantee the Notes under <u>Section</u> <u>414</u> (it being understood that a release subject to contingent reinstatement is still a release, and that if any such Guarantee is so reinstated, such Note Guarantee shall also be reinstated to the extent that such Guarantor would then be required to provide a Note Guarantee pursuant to <u>Section</u> <u>414</u>), (<u>iii</u>) upon the merger or consolidation of any Guarantor with and into the Company or another Guarantor that is the surviving Person in such merger or consolidation, or upon the liquidation of such Guarantor following the transfer of all of its assets to any of the Company and the other Guarantors, (<u>iv</u>) concurrently with any Guarantor (<u>x</u>) becoming an Unrestricted Subsidiary or (<u>y</u>) ceasing to constitute a Wholly-Owned Domestic Subsidiary of the Company (provided that, in the case of this subclause (y), such Guarantor does not (or, substantially concurrently with the release of the Note Guarantee of such Guarantor or if as a result of the release of the Note Guarantee of such Guarantor, will not) guarantee payment by the Company or any guarantor of any Indebtedness of the Company or any such guarantor under the Senior Credit Facility or any Capital Market Indebtedness that (in the case of such Capital Market Indebtedness) when initially granted resulted in such Subsidiary's obligation to Guarantee the Notes under the covenant described under <u>Section</u> <u>414</u>, (<u>v</u>) during the Suspension Period (it being understood that upon the occurrence of a Reversion Time, such Note Guarantee shall be reinstated to the extent that such Subsidiary would then be required to provide a Note Guarantee pursuant to <u>Section</u> <u>414</u>), (<u>vi</u>) upon the merger or consolidation of any Guarantor with and into another Subsidiary that is not a Guarantor with such other Subsidiary being the surviving Person in such merger or consolidation, or upon liquidation of such Guarantor following the transfer of all of its assets to a Subsidiary that is not a Guarantor, (<u>vii</u>) upon Defeasance or Covenant Defeasance of the

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Company's obligations, or satisfaction and discharge of this Indenture pursuant to <u>Section</u> <u>1101</u>, or (<u>viii</u>) subject to <u>Section</u> <u>1302(b)</u>, upon payment in full of the aggregate principal amount of all Notes then Outstanding and all other Note Guaranteed Obligations then due and owing. In addition, the Company will have the right, upon 10 days' notice to the Trustee (or such shorter period as agreed to by the Trustee in its sole discretion), to cause any Guarantor that has not guaranteed payment by the Company or another guarantor of any Indebtedness of the Company or such other guarantor under the Senior Credit Facility or any Capital Market Indebtedness to be unconditionally released from all obligations under its Note Guarantee, and such Note Guarantee shall thereupon terminate and be discharged and of no further force or effect.

Upon any such occurrence specified in this <u>Section</u> <u>1303</u>, the Trustee shall upon receipt of an Officer's Certificate, at the Company's expense, execute any documents reasonably requested by the Company in order to evidence such release, discharge and termination in respect of the applicable Note Guarantee. The Company shall deliver notice to the Trustee and the Note Collateral Agent of any release or termination contemplated under this <u>Section</u> <u>1303</u>, but failure to so notify the Trustee or the Note Collateral Agent shall not invalidate such release or termination or constitute a Default or Event of Default by the Company.

Notwithstanding anything to the contrary herein, any Subsidiary that Guarantees the payment of the Senior Credit Facility or the Notes shall not be an Excluded Subsidiary; provided further that, notwithstanding the foregoing, any Guarantor that becomes an Excluded Subsidiary by virtue of becoming non-wholly owned as a result of a transfer of such Guarantor's equity interests to any affiliate of the Company in connection with a non-bona fide transaction the primary purpose (as determined by the Company in good faith, which determination shall be conclusive) of which was to cause such entity to become an Excluded Subsidiary shall not be released from its obligations under its Note Guarantee.

Notwithstanding the foregoing, each Holder expressly and irrevocably agrees that it will not hinder, or direct the Trustee to take any action that will hinder, the automatic release of any Note Guarantee provided for by this <u>Section</u> <u>1303</u> to the extent the Company determines in good faith that the applicable transaction is permitted under this Indenture (including, without limitation, in connection with any disposition to Persons other than the Company or a Guarantor permitted under this Indenture), and each Holder expressly and irrevocably agrees that the Trustee shall be authorized to, and shall, take any necessary action to release any such Note Guarantee to the extent authorized to do so by this <u>Section</u> <u>1303</u> without any obligation or requirement to notify or obtain consent from any Holder (and the Trustee shall not condition any such actions on providing notice to, or obtaining consent from, the Holders).

Section 1304. <u>[Reserved]</u>.

Section 1305. <u>Waiver of Subrogation</u>. Each Guarantor hereby irrevocably waives any claim or other rights that it may now or hereafter acquire against the Company that arise from the existence, payment, performance or enforcement of the Company's obligations under the Notes and this Indenture or such Guarantor's obligations under its Note Guarantee and this Indenture, including any right of subrogation, reimbursement, exoneration, indemnification, and any right to participate in any claim or remedy of any Holder of Notes against the Company, whether or not such claim, remedy or right arises in equity, or under contract, statute or common

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law, until this Indenture is discharged and all of the Notes are discharged and paid in full. If any amount shall be paid to any Guarantor in violation of the preceding sentence and the Notes shall not have been paid in full, such amount shall be deemed to have been paid to such Guarantor for the benefit of, and held in trust for the benefit of, the Holders of the Notes, and shall forthwith be paid to the Trustee for the benefit of such Holders to be credited and applied upon the Notes, whether matured or unmatured, in accordance with the terms of this Indenture.

Section 1306. <u>Notation Not Required</u>. Neither the Company nor any Guarantor shall be required to make a notation on the Notes to reflect any Note Guarantee or any release, termination or discharge thereof.

Section 1307. <u>Successors and Assigns of Guarantors</u>. All covenants and agreements in this Indenture by each Guarantor shall bind its respective successors and assigns, whether so expressed or not.

Section 1308. Execu<u>tion and Delivery of Note Guarantees</u>. The Company shall cause each Restricted Subsidiary that is required to become a Guarantor pursuant to <u>Section</u> <u>414</u>, and each Subsidiary of the Company that the Company causes to become a Guarantor pursuant to <u>Section</u> <u>414</u>, to promptly execute and deliver to the Trustee a Guarantor Supplemental Indenture, or a supplemental indenture otherwise in form reasonably satisfactory to the Trustee, evidencing its Note Guarantee on substantially the terms set forth in this <u>Article</u> <u>XIII</u>.

Section 1309. <u>Notices</u>. Notice to any Guarantor shall be sufficient if addressed to such Guarantor care of the Company at the address, place and manner provided in <u>Section</u> <u>109</u>.

ARTICLE XIV

COLLATERAL AND SECURITY

Section 1401. <u>Collateral and Security Documents</u>. Upon the Kito Crosby Acquisition Closing Date, the punctual payment when due, whether at Stated Maturity, by acceleration or otherwise, of all monetary obligations of the Company and any Guarantor under this Indenture, the Notes and the Note Security Documents, whether for principal of or interest on the Notes, expenses, indemnification or otherwise, shall be secured as provided in the Note Security Documents, which define the terms of the Liens that secure the Secured Obligations, subject to the terms of the Intercreditor Agreements. The Trustee and the Company hereby acknowledge and agree that the Note Collateral Agent holds the Collateral in trust for the benefit of the Secured Parties, in each case pursuant and subject to the terms of the Note Security Documents and the Intercreditor Agreements. Each Holder, by accepting a Note, consents and agrees to the terms of the Note Security Documents (including the provisions providing for the possession, use, release and foreclosure of Collateral), this Indenture and the Intercreditor Agreements, in each case as the same may be in effect or may be amended, supplemented, waived or otherwise modified from time to time in accordance with their terms, and authorizes and directs the Note Collateral Agent to enter into the Note Security Documents and the Intercreditor Agreements and to perform its obligations and exercise its rights thereunder in accordance therewith. Upon the Kito Crosby Acquisition Closing Date, pursuant and subject to the terms of the Note Security Documents and the Intercreditor Agreements, the Company shall

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Notwithstanding the foregoing, if the Company and the Guarantors are unable to complete on or prior to the Kito Crosby Acquisition Closing Date all filings and other similar actions required in connection with the perfection of such liens and security interests (other than the filing of UCC financing statements), the Company and the Guarantors shall use their commercially reasonable efforts to complete such actions as soon as reasonably practicable (but not later than 180 days) after the Kito Crosby Acquisition Closing Date (as such period may be extended, or completion waived, by the agent or other representative for the holders of the Original First Lien Obligations (or, if no Original First Lien Obligations are then outstanding, of any other Senior Priority Obligations) in its sole discretion to the extent such extension or waiver applies with respect to the Original First Lien Obligations (or such Senior Priority Obligations, if applicable)).

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Collateral of the Company will secure the Obligations of the Company under the Notes, and Collateral of each Guarantor will secure the Obligations of such Guarantor under its Note Guarantee.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) so long as any Senior Priority Obligations are outstanding, in the case of any property or other assets constituting Collateral, upon the release of all Liens thereon securing Senior Priority Obligations;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) to enable the disposition (as defined under <u>Section</u> <u>101</u> in the "Asset Disposition" definition and including any sale, conveyance, issuance, transfer or other disposition described in the parenthetical exclusion to such definition) of such property or assets to any Person (other than the Company or a Guarantor) to the extent not prohibited under <u>Section</u> <u>411</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) the release of Excess Proceeds that remain unexpended after the conclusion of an applicable Offer conducted in accordance with <u>Section</u> <u>411</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) in the case of a Guarantor that is released from its Guarantee of the Notes, the release of the property and assets of such Guarantor and, if applicable, the equity interests of such Guarantor (including in accordance with <u>Section</u> <u>1410</u> and <u>Section</u> <u>1411</u>);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) the release of the property or assets that at any time constitute Excluded Assets;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) pursuant to an amendment or waiver in accordance with <u>Article IX</u> of this Indenture;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) payment in full of the principal of (and premium, if any), together with accrued and unpaid interest on, the Notes and all other Obligations under this Indenture, the Guarantees under this Indenture and the Note Security Documents that are due and payable at or prior to the time such principal, together with accrued and unpaid interest, is paid;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii) if the Notes have been discharged or defeased pursuant to <u>Article XI</u> or <u>Article XII</u> of this Indenture; or

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ix) as provided in the Intercreditor Agreements.

The Note Collateral Agent and, if necessary, the Trustee shall, upon receipt of an Officer's Certificate and Opinion of Counsel, at the Company's expense, execute, deliver or acknowledge such instruments or releases to evidence and shall do or cause to be done all other acts reasonably requested by the Company to effect, in each case as soon as is reasonably practicable, the release of any Collateral permitted to be released pursuant to this Indenture, the Note Security Documents or any applicable Intercreditor Agreement. Neither the Trustee nor the Note Collateral Agent shall be liable for any such release undertaken in good faith and in the absence of gross negligence or willful misconduct.

Notwithstanding the foregoing, each Holder expressly and irrevocably agrees that it will not hinder, or direct the Trustee to take any action that will hinder, the automatic release of the Collateral provided for by this <u>Section</u> <u>1402</u> to the extent the Company determines in good faith that the applicable transaction is permitted under this Indenture (and the Trustee shall not condition any such actions on providing notice to, or obtaining consent from, the Holders).

Section 1403. <u>After-Acquired Property</u>. Promptly following the acquisition by the Company or any Guarantor of any After Acquired Property, the Company or such Guarantor shall execute and deliver such Mortgages, Note Security Document supplements, security instruments (including intellectual property security agreements) and financing statements as shall be reasonably necessary to cause such After Acquired Property to be made subject to a perfected Lien (subject to Liens permitted under this Indenture, including Permitted Liens) in favor of the Note Collateral Agent for the benefit of the Trustee and the Holders of the Notes, and thereupon all provisions of this Indenture and the Note Security Documents relating to the Collateral shall be deemed to relate to such After Acquired Property to the same extent and with the same force and effect; <u>provided</u> that (<u>a</u>) if any other Senior Priority Obligations are outstanding at such time, the execution and delivery of such documents will only be required, and such After Acquired Property will only become part of the Collateral securing the Notes, if and to the extent that such After Acquired Property becomes part of the Collateral securing the Senior Priority Obligations substantially concurrently therewith, (<u>b</u>) the Collateral in any event will exclude Excluded Assets and (<u>c</u>) in the case of any Letter-of-Credit Rights of the Company or any Guarantor not constituting Excluded Assets acquired following the Kito Crosby Acquisition Closing Date and constituting Collateral, the Company or such Guarantor shall use its commercially reasonable efforts to promptly obtain the consent of the issuer thereof and any nominated person thereon to the assignment of the proceeds of the related letter of credit in accordance with Section 5-114(c) of the Uniform Commercial Code.

Section 1404. <u>Suits to Protect the Collateral</u>. (a) Upon the occurrence and during the continuation of an Event of Default and subject to the provisions of the Intercreditor Agreements, the Trustee in its sole discretion and without the consent of the Holders, on behalf of the Holders, may or may direct the Note Collateral Agent to take all actions it deems necessary or appropriate in order to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) enforce any of the terms of the Note Security Documents; and

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) collect and receive any and all amounts payable in respect of the obligations hereunder.

Subject to the provisions of the Note Security Documents and the Intercreditor Agreements, the Trustee shall have the power to, or direct the Note Collateral Agent to, institute and to maintain such suits and proceedings as it may deem expedient to prevent any impairment of the Collateral by any acts that the Trustee reasonably believes are unlawful or in violation of any of the Note Security Documents or this Indenture, and such suits and proceedings as the Trustee, in its sole discretion, may reasonably deem expedient to preserve or protect the interests of the Note Collateral Agent and the Trustee and the interests of the Holders in the Collateral (including power to institute and maintain suits or proceedings to restrain the enforcement of or compliance with any legislative or other governmental enactment, rule or order that may be unconstitutional or otherwise invalid if the enforcement of, or compliance with, such enactment, rule or order would impair the Lien on the Collateral or be prejudicial to the interests of the Holders or the Trustee). Nothing in this <u>Section</u> <u>1404</u> shall be considered to impose any such duty or obligation to act on the part of the Trustee or the Note Collateral Agent.

Section 1405. <u>Authorization of Receipt of Funds by the Trustee Under the Note Security Documents</u>. Subject to the provisions of the Intercreditor Agreements, the Trustee is authorized to receive any funds for the benefit of the Holders distributed by the Note Collateral Agent under the Note Security Documents, and to make further distributions of such funds to the Holders according to the provisions of this Indenture.

Section 1406. <u>Purchaser Protected</u>. In no event shall any purchaser or other transferee in good faith of any property or assets purported to be released hereunder be bound to ascertain the authority of the Note Collateral Agent or the Trustee to execute the release or to inquire as to the satisfaction of any conditions required by the provisions hereof for the exercise of such authority or to see to the application of any consideration given by such purchaser or other transferee; nor shall any purchaser or other transferee of any property or assets be under any obligation to ascertain or inquire into the authority of the Company or the applicable Guarantor to make any such sale or other transfer.

Section 1407. <u>Powers Exercisable by Receiver or Trustee</u>. In case the Collateral shall be in the possession of a receiver or trustee, lawfully appointed, the powers conferred in this <u>Article XIV</u> upon the Company or a Guarantor with respect to the release, sale or other disposition of such property or assets may be exercised by such receiver or trustee, and an instrument signed by such receiver or trustee shall be deemed the equivalent of any similar instrument of the Company or a Guarantor or of any officer or officers thereof required by the provisions of this <u>Article XIV</u>; and if the Trustee shall be in the possession of the Collateral under any provision of this Indenture, then such powers may be exercised by the Trustee.

Section 1408. <u>Reports and Certificates Relating to Collateral</u>.

Any release of Collateral permitted by <u>Section</u> <u>1402</u> shall be deemed not to impair the Liens under this Indenture and the Collateral Agreement and the other Note Security Documents in contravention thereof.

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Each of the Company and the Guarantors may, subject to the other provisions of this Indenture, among other things, without any release or consent by the Trustee, the Note Collateral Agent, the Holders or any other Secured Party, conduct ordinary course activities with respect to the Collateral, including, (<u>i</u>) selling or otherwise disposing of, in any transaction or series of related transactions, any property or assets that is or has become worn out, defective, obsolete or not used or useful in the business of the Company and the Guarantors; (<u>ii</u>) abandoning, terminating, canceling, releasing or making alterations in or substitutions for any leases, contracts or other agreements or instruments; (<u>iii</u>) surrendering or modifying any franchise, license or permit that it may hold or own or under which it may be operating; (<u>iv</u>) altering, repairing, replacing, changing the location or position of or adding to its structures, machinery, systems, equipment, fixtures and appurtenances; (<u>v</u>) granting a license of any intellectual property; (<u>vi</u>) selling, transferring or otherwise disposing of inventory in the ordinary course of business; (<u>vii</u>) collecting accounts receivable in the ordinary course of business; (<u>viii</u>) making cash payments (including for the repayment of Indebtedness or payment of interest) from cash that is at any time part of the Collateral in the ordinary course of business; and (<u>ix</u>) abandoning any intellectual property that is no longer used or useful in the business of the Company and the Guarantors.

Section 1409. <u>Note Collateral Agent</u>. (a) The Trustee and each of the Holders by acceptance of the Notes hereby designates and appoints the Note Collateral Agent as its collateral agent under this Indenture and the Note Security Documents and the Trustee and each of the Holders by acceptance of the Notes hereby irrevocably authorizes the Note Collateral Agent to take such action on its behalf under the provisions of this Indenture and the Note Security Documents to exercise such powers and perform such duties as are expressly delegated to the Note Collateral Agent by the terms of this Indenture and the Note Security Documents, together with such powers as are reasonably incidental thereto. The Note Collateral Agent agrees to act as such on the express conditions contained in this <u>Section</u> <u>1409</u>. Notwithstanding any provision to the contrary contained elsewhere in this Indenture and the Note Security Documents, the Note Collateral Agent shall not have any duties or responsibilities, except those expressly set forth herein, nor shall the Note Collateral Agent have or be deemed to have any fiduciary relationship with the Trustee, any Holder or the Company or any Guarantor, and no implied covenants, functions, responsibilities, duties, obligations or liabilities shall be read into this Indenture and the Note Security Documents or otherwise exist against the Note Collateral Agent. Without limiting the generality of the foregoing sentence, the use of the term "agent" in this Indenture with reference to the Note Collateral Agent is not intended to connote any fiduciary or other implied (or express) obligations arising under agency doctrine of any applicable law, and is intended to create or reflect only an administrative relationship between independent contracting parties. Except as expressly otherwise provided in this Indenture, the Note Collateral Agent shall have and may use its sole discretion with respect to exercising or refraining from exercising any discretionary rights or taking or refraining from taking any actions that the Note Collateral Agent is expressly entitled to take or assert under this Indenture and the Note Security Documents, including the exercise of remedies pursuant to <u>Article VI</u>, and any action so taken or not taken shall be deemed consented to by the Trustee and the Holders.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Note Collateral Agent may execute any of its duties under this Indenture or the Note Security Documents by or through agents or attorneys-in-fact and shall be entitled to advice of counsel concerning all matters pertaining to such duties and the Note Collateral Agent shall not be responsible for any misconduct or negligence on the part of any agent or attorney-in-fact appointed with due care by it hereunder.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) No provision of this Indenture shall be construed to relieve the Note Collateral Agent from liability for its own grossly negligent action, its own grossly negligent failure to act, or its own willful misconduct, except that (<u>i</u>) this paragraph does not limit the effect of the third and fourth sentences of <u>Section</u> <u>1409(a)</u>; and (<u>ii</u>) the Note Collateral Agent shall not be liable for any error of judgment made in good faith by the Chairman of the Board, the President or any other officer or assistant officer of the Note Collateral Agent assigned by the Note Collateral Agent to administer its collateral agency functions, unless it is proved that the Note Collateral Agent was grossly negligent in ascertaining the pertinent facts. The recitals contained herein and in the Notes, shall be taken as the statements of the Company, and the Note Collateral Agent assumes no responsibility for their correctness. The Note Collateral Agent makes no representations as to the validity or sufficiency of this Indenture or of the Notes, except that the Note Collateral Agent represents that it is duly authorized to execute and deliver this Indenture, the Intercreditor Agreements and the Note Security Documents and perform its obligations hereunder and thereunder. The Note Collateral Agent shall not be accountable for the use or application by the Company of the Notes or the proceeds thereof. None of the Note Collateral Agent or any of its agents shall be under any obligation to the Trustee or any Holder to ascertain or inquire as to the observance or performance by the Company or any Guarantor of any agreements contained in, or conditions of, this Indenture or the Note Security Documents, or to inspect the properties, books or records of the Company or any Guarantor.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The Note Collateral Agent shall not be deemed to have knowledge or notice of the occurrence of any Default or Event of Default, unless the Note Collateral Agent shall have received written notice from the Trustee or the Company referring to this Indenture, describing such Default or Event of Default and stating that such notice is a "notice of default." The Note Collateral Agent shall take such action with respect to such Default or Event of Default as may be directed by the Trustee in accordance with <u>Article VI</u> (subject to this <u>Section</u> <u>1409</u> and the Intercreditor Agreements); <u>provided</u>, <u>however</u>, that unless and until the Note Collateral Agent has received any such direction, the Note Collateral Agent may (but shall not be obligated to) take such action, or refrain from taking such action, with respect to such Default or Event of Default as it shall deem advisable, subject to the Intercreditor Agreements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) A resignation or removal of the Note Collateral Agent and appointment of a successor Note Collateral Agent shall become effective only upon the successor Note Collateral Agent's acceptance of appointment as provided in this <u>Section</u> <u>1409(e)</u>. The Note Collateral Agent may resign in writing at any time by giving written notice thereof to the Company and the Trustee at least 30 days prior to the proposed date of resignation. The Company may remove the Note Collateral Agent if: (<u>i</u>) the Note Collateral Agent is removed as Trustee under this Indenture; (<u>ii</u>) the Note Collateral Agent fails to meet the requirements for being a Trustee under <u>Section</u> <u>709</u>; or (<u>iii</u>) the Note Collateral Agent shall become incapable of acting or shall be adjudged bankrupt or insolvent or a receiver of the Note Collateral Agent or of its property shall be appointed or any public officer shall take charge or control of the Note Collateral or of its property or affairs for the purpose of rehabilitation, conservation or liquidation. If the Note Collateral Agent resigns or is removed or is incapable of acting, or if a vacancy exists in the office of Note Collateral Agent for any reason, the Company shall promptly

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appoint a successor Note Collateral Agent that complies with the eligibility requirements contained in this Indenture. If a successor Note Collateral Agent does not take office within 10 days after the retiring Note Collateral Agent resigns or is removed, the retiring Note Collateral Agent, the Company or the Holders of at least 10.0% in principal amount of the then outstanding principal amount of the Notes may petition any court of competent jurisdiction for the appointment of a successor Note Collateral Agent. A successor Note Collateral Agent shall deliver a written acceptance of its appointment to the retiring Note Collateral Agent and to the Company. Thereupon, the resignation or removal of the retiring Note Collateral Agent shall become effective, and the successor Note Collateral Agent shall have all the rights, powers and the duties of the Note Collateral Agent under this Indenture and the Note Security Documents. The successor Note Collateral Agent shall mail a notice of its succession to the Trustee. The retiring Note Collateral Agent shall promptly transfer all property and assets held by it as Note Collateral Agent to the successor Note Collateral Agent, <u>provided</u> that all sums owing to the Note Collateral Agent hereunder have been paid. Notwithstanding replacement of the Note Collateral Agent pursuant to this <u>Section</u> <u>1409(e)</u>, the Company's obligations under this <u>Section</u> <u>1409</u> and <u>Section</u> <u>1411</u> shall continue for the benefit of the retiring Note Collateral Agent and the retiring Note Collateral Agent shall not by reason of such resignation be deemed to be released from liability as to any actions taken or omitted to be taken by it while it was the Note Collateral Agent under this Indenture. Any corporation into which the Note Collateral Agent may be merged or converted or with which it may be consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Note Collateral Agent shall be a party, or any corporation succeeding to all or substantially all the corporate trust business of the Note Collateral Agent, shall be the successor of the Note Collateral Agent hereunder; provided such corporation shall be otherwise qualified and eligible under this <u>Article XIV</u>, without the execution or filing of any paper or any further act on the part of any of the parties hereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) The Note Collateral Agent shall be authorized to appoint co-note collateral agents as necessary in its sole discretion. Except as otherwise explicitly provided herein or in the Note Security Documents, neither the Note Collateral Agent nor any of its officers, directors, employees or agents shall be liable for failure to demand, collect or realize upon any of the Collateral or for any delay in doing so or shall be under any obligation to sell or otherwise dispose of any Collateral upon the request of any other Person or to take any other action whatsoever with regard to the Collateral or any part thereof. The Note Collateral Agent shall be accountable only for amounts that it actually receives as a result of the exercise of such powers, and neither the Note Collateral Agent nor any of its officers, directors, employees or agents shall be responsible for any act or failure to act hereunder, except for its own willful misconduct or gross negligence.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) The Note Collateral Agent and the Trustee, as applicable, are authorized and directed to (<u>i</u>) enter into the Note Security Documents, the Base Intercreditor Agreement, (<u>ii</u>) execute and deliver any other Intercreditor Agreement, and any amendments, amendments and restatements, restatements or waivers of or supplements to or other modifications to the Note Security Documents, the Base Intercreditor Agreement, and any other Intercreditor Agreement, and to make or consent to any filings or take any other actions in connection therewith, as may be reasonably determined by the Company to be necessary or reasonably desirable for any Lien on the Collateral permitted under this Indenture to secure any Indebtedness to become a valid perfected Lien (with such priority as may be designated by the Company, to the extent that such priority is permitted by this Indenture), (<u>iii</u>) bind the Holders on the terms as set forth in the Note Security Documents and the Intercreditor Agreements and (<u>iv</u>) perform and observe its obligations under the Note Security Documents and the Intercreditor Agreements.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) The Trustee agrees that it shall not (and shall not be obliged to), and shall not instruct the Note Collateral Agent to, unless specifically requested to do so by a majority of the Holders and subject to the Intercreditor Agreements, take or cause to be taken any action to enforce its rights under this Indenture or against the Company and the Guarantors, including the commencement of any legal or equitable proceedings, to foreclose any Lien on, or otherwise enforce any security interest in, any of the Collateral.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) The Note Collateral Agent shall have no obligation whatsoever to the Trustee or any of the Holders to assure that the Collateral exists or is owned by the Company and the Guarantors or is cared for, protected or insured or has been encumbered, or that the Liens securing the Collateral have been properly or sufficiently or lawfully created, perfected, protected, maintained or enforced or are entitled to any particular priority, or to determine whether all of any Granting Party's property constituting Collateral intended to be subject to the Lien and security interest of the Note Security Documents has been properly and completely listed or delivered, as the case may be, or the genuineness, validity, marketability or sufficiency thereof or title thereto, or to exercise at all or in any particular manner or under any duty of care, disclosure or fidelity, or to continue exercising, any of the rights, authorities and powers granted or available to the Note Collateral Agent pursuant to this Indenture or any Note Security Document, it being understood and agreed that in respect of the Collateral, or any act, omission or event related thereto, the Note Collateral Agent may act in any manner it may in good faith deem appropriate, in its sole discretion and in accordance with this Indenture and the Intercreditor Agreements, and that the Note Collateral Agent shall have no other duty or liability whatsoever to the Trustee or any Holder as to any of the foregoing.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) The Note Collateral Agent and the Trustee, as applicable, are hereby directed and authorized to enter into any intercreditor agreement on behalf of, and binding with respect to, the Holders and their interest in designated assets, in connection with the Incurrence of any Additional Obligations, including to clarify the respective rights of all parties in and to designated assets, including the Base Intercreditor Agreement. The Note Collateral Agent and the Trustee shall enter into the Base Intercreditor Agreement and any other Intercreditor Agreement at the request of the Company, <u>provided</u> that (in the case of such other Intercreditor Agreement) the Company will have delivered to the Note Collateral Agent and the Trustee an Officer's Certificate to the effect that such other Intercreditor Agreement complies with the provisions of this Indenture, the Notes, the other Note Security Documents and the Intercreditor Agreements. The Note Collateral Agent and the Trustee, as applicable, each agrees at the Company's expense to execute and deliver any amendment to, waiver of, or supplement to any Note Security Document or Intercreditor Agreement authorized pursuant to <u>Article IX</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) The Note Collateral Agent (<u>i</u>) shall not be liable for any action it takes or omits to take in good faith which it reasonably believes to be authorized or within its rights or powers, or for any error of judgment made in good faith by an authorized officer, unless it is proved that the Note Collateral Agent was grossly negligent in ascertaining the pertinent facts, (<u>ii</u>) shall not be liable for interest on any money received by it except as the Note Collateral

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Agent may agree in writing with the Company (and money held in trust by the Note Collateral Agent need not be segregated from other funds except to the extent required by law), and (<u>iii</u>) may consult with counsel of its selection and the advice or opinion of such counsel as to matters of law shall be full and complete authorization and protection from liability in respect of any action taken, omitted or suffered by it in good faith and in accordance with the advice or opinion of such counsel. The grant of permissive rights or powers to the Note Collateral Agent shall not be construed to impose duties to act.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l) If at any time the Trustee shall receive (<u>i</u>) by payment, foreclosure, set-off or otherwise, any proceeds of Collateral or any payment with respect to the Obligations arising under, or relating to, this Indenture, except for any such proceeds or payment received by the Trustee from the Note Collateral Agent pursuant to the terms of this Indenture, or (<u>ii</u>) any payment from the Note Collateral Agent in excess of the amount required to be paid to the Trustee pursuant to <u>Article VI</u>, the Trustee shall promptly turn the same over to the Note Collateral Agent, in kind, and with any such endorsement as may be required to negotiate the same to the Note Collateral Agent.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m) The Trustee and the Note Collateral Agent are each Holder's agents for the purpose of perfecting the Holders' security interest in assets that can be perfected only by possession. Should the Trustee obtain possession of any such Collateral, upon request from the Company, the Trustee shall notify the Note Collateral Agent thereof, and shall deliver such Collateral to the Note Collateral Agent or otherwise deal with such Collateral in accordance with the Note Collateral Agent's instructions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(n) The Note Collateral Agent and its Affiliates may make loans to, issue letters of credit for the account of, accept deposits from, acquire equity interests in and generally engage in any kind of banking, trust, financial advisory, underwriting or other business with the Company and the Guarantors as though the Note Collateral Agent was not the Note Collateral Agent hereunder and without notice to or consent of the Trustee. The Trustee and the Holders acknowledge that, pursuant to such activities, the Note Collateral Agent and its Affiliates may receive information regarding the Company and the Guarantors (including information that may be subject to confidentiality obligations in favor of the Company or any Guarantor) and acknowledge that the Note Collateral Agent shall not be under any obligation to provide such information to the Trustee or the Holders. Nothing herein shall impose or imply any obligation on the part of the Note Collateral Agent to advance funds.

Section 1410. <u>Compensation and Indemnification</u>. The Note Collateral Agent shall be entitled to the compensation and indemnification set forth in <u>Section</u> <u>707</u> (with the references to the Trustee therein applying herein to refer to the Note Collateral Agent); <u>provided</u> that references therein to negligence shall be replaced with references to gross negligence.

Section 1411. <u>The Intercreditor Agreements and the Note Security Documents</u>. Each of the Trustee and the Note Collateral Agent is hereby directed and authorized to execute and deliver the Intercreditor Agreements and any Note Security Documents in which it is named as a party. It is hereby expressly acknowledged and agreed that, in doing so, the Trustee and the Note Collateral Agent are not responsible for the terms or contents of such agreements, or for the validity or enforceability thereof, or the sufficiency thereof for any purpose. Whether or not so

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expressly stated therein, in entering into, or taking (or forbearing from) any action under or pursuant to, the Intercreditor Agreements or any Note Security Documents, the Trustee and Note Collateral Agent each shall have all of the rights, benefits, privileges, immunities, indemnities and other protections granted to it under this Indenture (in addition to those that may be granted to it under the terms of such other agreement or agreements).

Section 1412. <u>[Reserved]</u>.

Section 1413. <u>Confidentiality</u>. The Note Collateral Agent agrees to keep any information supplied by the Company or any Guarantor or any of their respective Subsidiaries or on behalf of the Company or any Guarantor or any of their respective Subsidiaries or obtained by it based on a review of books and records relating to the Company or any Guarantor or any of their respective Subsidiaries confidential from anyone other than its Affiliates (<u>provided</u> that each such Affiliate keeps such information confidential in accordance herewith) and to use (and cause such Affiliate to use) such information only in connection with the duties specifically set forth in this Indenture and the Note Security Documents; <u>provided</u> that nothing herein shall prevent the Note Collateral Agent or any such Affiliate from disclosing such information (<u>a</u>) upon the order of any court or administrative agency, (<u>b</u>) upon the request or demand of any regulatory agency or authority having jurisdiction over the Note Collateral Agent or any such Affiliate, (<u>c</u>) that had been publicly disclosed other than as a result of a disclosure by the Note Collateral Agent or any such Affiliate that is prohibited by the terms of this <u>Section</u> <u>1413</u>, (<u>d</u>) already in the Note Collateral Agent's or any such Affiliate's possession (other than information provided to the Note Collateral Agent or any such Affiliate known by the Note Collateral Agent or such Affiliate to be subject to any confidentiality agreement or undertaking in favor of the Company or any Guarantor or any of their respective Subsidiaries) prior to its receipt of such information from the Company or any Guarantor or any of their respective Subsidiaries or from another Person supplying it on behalf of the Company or any Guarantor or any of their respective Subsidiaries or from its review of books and records described above (as the case may be), (<u>e</u>) in connection with any litigation to which the Note Collateral Agent or any such Affiliate may be a party, to the extent compelled by legal process in such litigation, (<u>f</u>) to the extent necessary or advisable in connection with the exercise of any remedy hereunder, (<u>g</u>) to the Note Collateral Agent's or any such Affiliate's legal counsel and independent auditors, <u>provided</u> that such counsel and auditors keep such information confidential in accordance herewith, or (<u>h</u>) to the Trustee, <u>provided</u> that the Trustee, as the case may be, agrees to keep all such information confidential pursuant to a written agreement for the benefit of and enforceable by the Company and Guarantors and their respective Subsidiaries, on terms and conditions substantially identical to (and in any event no less favorable to the Company and Guarantors and their respective Subsidiaries than) the provisions of this subsection (which agreement shall be executed and delivered to the Company prior to any such disclosure to the Trustee); <u>provided</u> that, in the case of clause (a), (b) or (e), the Note Collateral Agent shall, to the extent practicable and in accordance with its reasonable business practice, notify the Company of the proposed disclosure as far in advance of such disclosure as practicable and use commercially reasonable efforts to ensure that any information so disclosed is accorded confidential treatment.

[Signature Pages Follow]

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

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| | |
|:---|:---|
| COLUMBUS MCKINNON CORPORATION | COLUMBUS MCKINNON CORPORATION |
| By: | /s/ Gregory P. Rustowicz |
|  | Name: Gregory P. Rustowicz |
|  | Title: Executive Vice President, Finance and Chief Financial Officer |

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[Signature Page to Indenture]

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| | |
|:---|:---|
| WILMINGTON TRUST, NATIONAL ASSOCIATION,<br> as Trustee | WILMINGTON TRUST, NATIONAL ASSOCIATION,<br> as Trustee |
|  By: | /s/ Latoya S. Elvin |
|  | Name: Latoya S. Elvin |
|  | Title: Vice President |

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| | |
|:---|:---|
|  WILMINGTON TRUST, NATIONAL ASSOCIATION, as Note Collateral Agent | WILMINGTON TRUST, NATIONAL ASSOCIATION, as Note Collateral Agent |
|  By: | /s/ Latoya S. Elvin |
|  | Name: Latoya S. Elvin |
|  | Title: Vice President |

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[Signature Page to Indenture]

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Form of Note<sup>1</sup>

(FACE OF NOTE)

COLUMBUS MCKINNON CORPORATION

7.125% Senior Secured Notes due 2033

CUSIP No. [199333AK1]<sup>2</sup>/ [U20966AE4]<sup>3</sup>/ [199333AL9] <sup>4</sup>

No. __________ $________

COLUMBUS MCKINNON CORPORATION, a New York corporation (and its successors and assigns, the "<u>Company</u>"), hereby promises to pay to ________________, or its registered assigns, the principal sum of $________________ ([ ] United States Dollars) [(or such lesser or greater amount as shall be outstanding hereunder from time to time in accordance with Sections 312 and 313 of the Indenture referred to on the reverse hereof)]<sup>5</sup> (the "<u>Principal Amount</u>") on February 1, 2033. The Company hereby promises to pay interest semi-annually in arrears on February 1 and August 1 of each year, commencing [ ], 20[ ]<sup>6</sup>, at the rate of 7.125% per annum (subject to adjustment as provided below), until the Principal Amount is paid or made available for payment. [Interest on this Note will accrue from the most recent date to which interest on this Note or any of its Predecessor Notes has been paid or duly provided for or, if no interest has been paid, from the Issue Date.]<sup>7</sup> [Interest on this Note will accrue (or will be deemed to have accrued) from the most recent date to which interest on this Note or any of its Predecessor Notes has been paid or duly provided for or, if no such interest has been paid, from __________, ____<sup>8</sup>.]<sup>9</sup> Interest on the Notes shall be computed on the basis of a 360-day year of twelve 30-day months. The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in such Indenture, be paid to the Person in whose name this Note (or one or more Predecessor Notes) is registered at the close of business on the Regular Record Date for such interest, which shall be the January 15 or July 15 (whether or not a

<sup>1</sup> Insert any applicable legends as provided in Article II of the Indenture.

<sup>2</sup> Insert for Rule 144A Note only.

<sup>3</sup> Insert for Regulation S Note only.

<sup>4</sup> Insert for IAI Note only.

<sup>5</sup> Include only if the Note is issued in global form.

<sup>6</sup> August 1, 2026 for Initial Notes.

<sup>7</sup> Include only for Initial Notes.

<sup>8</sup> Insert applicable date.

<sup>9</sup> Include only for Additional Notes.

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Business Day), as the case may be, next preceding such Interest Payment Date. Any such interest not so punctually paid or duly provided for will forthwith cease to be payable to the Holder on such Regular Record Date and may either be paid to the Person in whose name this Note (or one or more Predecessor Notes) is registered at the close of business on a Special Record Date for the payment of such Defaulted Interest to be fixed by the Trustee, notice whereof shall be given to Holders of Notes not less than 10 days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Notes may be listed, and upon such notice as may be required by such exchange, all as more fully provided in said Indenture.

Payment of principal of (and premium, if any) and interest on this Note will be made at the Corporate Trust Office of the Trustee, or such other office or agency of the Company maintained for that purpose; <u>provided</u>, <u>however</u>, that at the option of the Company payment of interest may be made through the Paying Agent by wire transfer of immediately available funds to the account designated to the Company by the Person entitled thereto or by check mailed to the address of the Person entitled thereto as such address shall appear in the Note Register.

Reference is hereby made to the further provisions of this Note set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place.

Unless the certificate of authentication hereon has been executed by the Trustee referred to on the reverse hereof by manual or electronic signature, this Note shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose.

[Signature Page to Indenture]

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IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed.

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| | |
|:---|:---|
|  COLUMBUS MCKINNON CORPORATION | COLUMBUS MCKINNON CORPORATION |
|  By: |  |
|  | Name: |
|  | Title: |

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This is one of the Notes referred to in the within-mentioned Indenture.

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| | |
|:---|:---|
| WILMINGTON TRUST, NATIONAL ASSOCIATION,<br> as Trustee | WILMINGTON TRUST, NATIONAL ASSOCIATION,<br> as Trustee |
|  By: |  |
|  | Authorized Signatory |

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Dated:

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(REVERSE OF NOTE)

This Note is one of the duly authorized issue of 7.125% Senior Secured Notes due 2033 of the Company (herein called the "<u>Notes</u>"), issued under a Secured Notes Indenture, dated as of January 30, 2026 (as amended, supplemented, waived or otherwise modified from time to time, the "<u>Indenture</u>," which term shall have the meaning assigned to it in such instrument), among Columbus McKinnon Corporation, a New York corporation (the "<u>Company</u>"), as issuer, the Guarantors from time to time parties thereto, and Wilmington Trust, National Association, in its capacities as Trustee (herein called the "<u>Trustee</u>," which term includes any successor trustee under the Indenture) and Note Collateral Agent, and reference is hereby made to the Indenture for a statement of the respective rights, limitations of rights, duties and immunities thereunder of the Company, any other obligor upon this Note, the Trustee and the Holders of the Notes and of the terms upon which the Notes are, and are to be, authenticated and delivered. The terms of the Notes include those stated in the Indenture and Holders are referred to the Indenture for a statement of such terms. To the maximum extent permitted by law, in the case of any conflict between the provisions of this Note and the Indenture, the provisions of the Indenture shall control. Additional Notes may be issued from time to time in one or more series under the Indenture and will vote as a class with the Notes and otherwise be treated as Notes for purposes of the Indenture.

All terms used in this Note that are defined in the Indenture shall have the meanings assigned to them in the Indenture.

This Note may hereafter be entitled to certain senior Note Guarantees made for the benefit of the Holders. Reference is made to Article XIII of the Indenture for terms relating to such Note Guarantees, including the release, termination and discharge thereof. Neither the Company nor any Guarantor shall be required to make any notation on this Note to reflect any Note Guarantee or any such release, termination or discharge.

Upon the Kito Crosby Acquisition Closing Date, this Note will be secured by a security interest in the Collateral, subject to the terms of the Note Security Documents and the Intercreditor Agreements, subject to release or termination as provided in the Indenture and the Note Security Documents.

The Notes are redeemable, at the Company's option, in whole or in part, as provided in Article X of the Indenture.

If (1) the consummation of the Kito Crosby Acquisition does not occur on or before the End Date or (2) the Company delivers a notice to the Trustee in writing stating it has determined that the consummation of the Kito Crosby Acquisition will not occur on or before the End Date, then the Notes will be subject to a Special Mandatory Redemption in accordance with the provisions set forth in Section 1002 of the Indenture.

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The Indenture provides (as, to the extent and subject to the exceptions set forth therein) that, upon the occurrence after the Issue Date of a Change of Control, each Holder will have the right to require that the Company repurchase all or any part of such Holder's Notes at a purchase price in cash equal to 101.0% of the principal amount thereof *plus* accrued and unpaid interest, if any, to but not including the date of such repurchase (subject to the right of Holders of record on the relevant Regular Record Date to receive interest due on the relevant Interest Payment Date falling prior to or on the purchase date); <u>provided</u>, <u>however</u>, that the Company shall not be obligated to repurchase Notes in the event it has exercised its right to redeem all of the Notes as provided in the Indenture.

The Notes will not be entitled to the benefit of a sinking fund.

The Indenture contains provisions for defeasance at any time of the entire Indebtedness of this Note or certain restrictive covenants and certain Events of Default with respect to this Note, in each case upon compliance with certain conditions set forth in the Indenture.

If an Event of Default with respect to the Notes shall occur and be continuing, the principal of and accrued but unpaid interest on the Notes may be declared due and payable in the manner and with the effect provided in the Indenture.

The Indenture permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations of the Company and the rights of the Holders of the Notes to be effected under the Indenture at any time by the Company, the Guarantors, the Trustee and the Note Collateral Agent with the consent of the Holders of at least a majority in principal amount of the Notes at the time Outstanding to be affected. The Indenture also contains provisions permitting the Holders of specified percentages in principal amount of the Notes at the time Outstanding, on behalf of the Holders of all Notes, to waive compliance by the Company and its Subsidiaries with certain provisions of the Indenture and certain past defaults under the Indenture and their consequences. Any such consent or waiver by the Holder of this Note shall be conclusive and binding upon such Holder and upon all future Holders of this Note and of any Note issued upon the registration of transfer hereof or in exchange herefor or in lieu hereof, whether or not notation of such consent or waiver is made upon this Note.

As provided in and subject to the provisions of the Indenture, the Holder of this Note shall not have the right to institute any proceeding with respect to the Indenture or for the appointment of a receiver or trustee or for any other remedy thereunder, unless such Holder shall have previously given the Trustee written notice of a continuing Event of Default with respect to the Notes, the Holders of not less than 30.0% in principal amount of the Notes at the time Outstanding shall have made written request to the Trustee to pursue such remedy in respect of such Event of Default as Trustee and offered the Trustee security or indemnity satisfactory to it against any loss, liability or expense, and the Trustee shall not have received from the Holders of a majority in principal amount of Notes at the time Outstanding a direction inconsistent with such request, and shall have failed to institute any such proceeding, for 60 days after receipt of such notice, request and offer of security or indemnity. The foregoing shall not apply to any suit instituted by the Holder of this Note for the enforcement of any payment of principal hereof or interest hereon on or after the respective due dates expressed herein.

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As provided in the Indenture and subject to certain limitations and other provisions therein set forth, (<u>a</u>) the transfer of this Note is registrable in the Note Register, upon surrender of this Note for registration of transfer at the office or agency of the Company in a Place of Payment, duly endorsed by, or accompanied by a written instrument of transfer in form satisfactory to the Company duly executed by, the Holder hereof or such Holder's attorney duly authorized in writing, and thereupon one or more new Notes, of authorized denominations and for the same aggregate principal amount, will be issued to the designated transferee or transferees, (<u>b</u>) the Notes are issuable only in fully "registered form" pursuant to Sections 163(f), 871(h)(2), and 881(c)(2) and any related United States Treasury Regulations (or any other relevant or successor provisions of the Code or of such United States Treasury Regulations) without coupons in minimum denominations of $2,000 and any integral multiple of $1,000 in excess thereof, and (<u>c</u>) the Notes are exchangeable for a like aggregate principal amount of Notes of like tenor of a different authorized denomination, as requested by the Holder surrendering the same.

No service charge shall be made for any such registration, transfer or exchange, but the Company may require payment of a sum sufficient to cover any transfer tax or other governmental charge payable in connection therewith.

Prior to due presentment of this Note for registration or transfer, the Company, any other obligor in respect of this Note, the Trustee and any agent of any of them may treat the Person in whose name this Note is registered as the owner hereof for all purposes, whether or not this Note be overdue, and none of the Company, any other obligor in respect of this Note, the Trustee nor any such agent shall be affected by notice to the contrary.

No director, officer, employee, incorporator or stockholder, as such, of the Company, any Guarantor or any other obligor in respect of any Note or any Subsidiary of any thereof shall have any liability for any obligation of the Company, any Guarantor or any other obligor in respect of any Note under the Indenture, the Notes, or any Note Guarantee, the Note Security Documents or the Intercreditor Agreements, or for any claim based on, in respect of, or by reason of, any such obligation or its creation. Each Holder, by accepting this Note, hereby waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Notes.

THE INDENTURE AND THIS NOTE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK. THE TRUSTEE, THE COMPANY, ANY OTHER OBLIGOR IN RESPECT OF THIS NOTE AND (BY ITS ACCEPTANCE OF THIS NOTE) THE HOLDER HEREOF AGREE TO SUBMIT TO THE JURISDICTION OF ANY UNITED STATES FEDERAL OR STATE COURT LOCATED IN THE BOROUGH OF MANHATTAN, IN THE CITY OF NEW YORK IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THE INDENTURE, THIS NOTE, OR THE NOTE GUARANTEES.

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[FORM OF CERTIFICATE OF TRANSFER]

FOR VALUE RECEIVED the undersigned holder hereby sell(s), assign(s) and transfer(s) unto

Insert Taxpayer Identification No.

(Please print or typewrite name and address including zip code of assignee)<u> </u>

the within Note and all rights thereunder, hereby irrevocably constituting and appointing<u> </u>

attorney to transfer such Note on the books of the Company with full power of substitution in the premises.

<u>Check One</u> 

[ ] (a) this Note is being transferred in compliance with the exemption from registration under the Securities Act of 1933, as amended, provided by Rule 144A thereunder.

<u>or</u> 

[ ] (b) this Note is being transferred other than in accordance with (a) above and documents are being furnished which comply with the conditions of transfer set forth in this Note and the Indenture.

If neither of the foregoing boxes is checked, the Trustee or other Note Registrar shall not be obligated to register this Note in the name of any Person other than the Holder hereof unless and until the conditions to any such transfer of registration set forth herein and in Section 313 of the Indenture shall have been satisfied.

Date:<u> </u>

<u> </u>

------

NOTICE: The signature to this assignment must correspond with the name as written upon the face of the within-mentioned instrument in every particular, without alteration or any change whatsoever.

Signature Guarantee:<u> </u> 

Signatures must be guaranteed by an "eligible guarantor institution" meeting the requirements of the Note Registrar, which requirements include membership or participation in the Security Transfer Agent Medallion Program ("<u>STAMP</u>") or such other "signature guarantee program" as may be determined by the Note Registrar in addition to, or in substitution for, STAMP, all in accordance with the Securities Exchange Act of 1934, as amended.

------

TO BE COMPLETED BY PURCHASER IF (a) ABOVE IS CHECKED.

The undersigned represents and warrants that it is purchasing this Note for its own account or an account with respect to which it exercises sole investment discretion and that it and any such account is a "qualified institutional buyer" within the meaning of Rule 144A under the Securities Act of 1933, as amended, and is aware that the sale to it is being made in reliance on Rule 144A and acknowledges that it has received such information regarding the Company as the undersigned has requested pursuant to Rule 144A or has determined not to request such information and that it is aware that the transferor is relying upon the undersigned's foregoing representations in order to claim the exemption from registration provided by Rule 144A.

Dated:<u> </u>     <br> NOTICE: To be executed by an executive officer

------

OPTION OF HOLDER TO ELECT PURCHASE

If you wish to have this Note purchased by the Company pursuant to Section 411 or Section 415 of the Indenture, check the box: [ ].

If you wish to have a portion of this Note purchased by the Company pursuant to Section 411 or Section 415 of the Indenture, state the amount (in principal amount) below:

$<u> </u>

Date:<u> </u>

Your Signature:<u> </u>

(Sign exactly as your name appears on the other side of this Note)

Signature Guarantee:<u> </u>

Signatures must be guaranteed by an "eligible guarantor institution" meeting the requirements of the Note Registrar, which requirements include membership or participation in the Security Transfer Agent Medallion Program ("<u>STAMP</u>") or such other "signature guarantee program" as may be determined by the Note Registrar in addition to, or in substitution for, STAMP, all in accordance with the Securities Exchange Act of 1934, as amended.

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SCHEDULE OF INCREASES OR DECREASES IN GLOBAL NOTE

The following increases or decreases in this Global Note have been made:

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| | | | | |
|:---|:---|:---|:---|:---|
| Date of <br>Exchange | Amount of decreases in Principal <br>Amount of this <br>Global Note | Amount of increases in Principal <br>Amount of this Global Note | Principal amount <br>of this Global Note following such decreases or increases | Signature <br>of authorized signatory of Trustee |

---

------

EXHIBIT B

<u>Form of Certificate of Beneficial Ownership</u> 

On or after [__________], 20[ ]

WILMINGTON TRUST, NATIONAL ASSOCIATION

99 Wood Avenue South, Suite 1000

Iselin, NJ 08830<sup>10</sup>

Re: COLUMBUS MCKINNON CORPORATION (the "<u>Company</u>")

<u>7.125% Senior Secured Notes due February 1, 2033 (the "2033 Notes")</u>

Ladies and Gentlemen:

This letter relates to $________ principal amount of Notes represented by the offshore global note certificate (the "<u>Regulation S Global Note</u>"). Pursuant to Section 313(3) of the Secured Notes Indenture dated as of January 30, 2026, relating to the Notes (as amended, supplemented or otherwise modified, the "<u>Indenture</u>"), we hereby certify that (<u>1</u>) we are the beneficial owner of such principal amount of Notes represented by the Regulation S Global Note and (<u>2</u>) we are either (<u>i</u>) a Non-U.S. person to whom the Notes could be transferred in accordance with Rule 903 or 904 of Regulation S ("<u>Regulation S</u>") promulgated under the Securities Act of 1933, as amended (the "<u>Act</u>") or (<u>ii</u>) a U.S. person who purchased securities in a transaction that did not require registration under the Act.

You, the Company, and counsel for the Company are entitled to rely upon this letter and are irrevocably authorized to produce this letter or a copy hereof to any interested party in any administrative or legal proceedings or official inquiry with respect to the matters covered hereby. Terms used in this certificate have the meanings set forth in Regulation S.

---

| | |
|:---|:---|
| Very truly yours, | Very truly yours, |
| [Name of Holder] | [Name of Holder] |
| By: |  |
|  | Authorized Signature |

---

<sup>10</sup> Insert successor address or Trustee, as applicable.

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EXHIBIT C

<u>Form of Regulation S Certificate</u> 

WILMINGTON TRUST, NATIONAL ASSOCIATION

99 Wood Avenue South, Suite 1000

Iselin, NJ 08830<sup>11</sup>

Re: COLUMBUS MCKINNON CORPORATION (the "<u>Company"</u>)

<u>7.125% Senior Secured Notes due February 1, 2033 (the "Notes")</u>

Ladies and Gentlemen:

In connection with our proposed sale of $________ aggregate principal amount of Notes, we confirm that such sale has been effected pursuant to and in accordance with Regulation S ("<u>Regulation S</u>") under the Securities Act of 1933, as amended (the "<u>Securities Act</u>"), and accordingly, we hereby certify as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. The offer of the Notes was not made to a person in the United States (unless such person or the account held by it for which it is acting is excluded from the definition of "U.S. person" pursuant to Rule 902(k) of Regulation S under the circumstances described in Rule 902(h)(3) of Regulation S) or specifically targeted at an identifiable group of U.S. citizens abroad.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Either (<u>a</u>) at the time the buy order was originated, the buyer was outside the United States or we and any person acting on our behalf reasonably believed that the buyer was outside the United States or (<u>b</u>) the transaction was executed in, on or through the facilities of a designated offshore securities market, and neither we nor any person acting on our behalf knows that the transaction was pre-arranged with a buyer in the United States.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. No directed selling efforts have been made in the United States in contravention of the requirements of Rule 903(a)(2) or Rule 904(a)(2) of Regulation S, as applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. The proposed transfer of Notes is not part of a plan or scheme to evade the registration requirements of the Securities Act.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. If we are a dealer or a person receiving a selling concession or other fee or remuneration in respect of the Notes, and the proposed transfer takes place before end of the distribution compliance period under Regulation S, or we are an officer or director of the Company or a distributor, we certify that the proposed transfer is being made in accordance with the provisions of Rules 903 and 904 of Regulation S.

<sup>11</sup> Insert successor address or Trustee, as applicable.

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. If the proposed transfer takes place before the end of the distribution compliance period under Regulation S, the beneficial interest in the Notes so transferred will be held immediately thereafter through Euroclear (as defined in such Indenture) or Clearstream (as defined in such Indenture).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. We have advised the transferee of the transfer restrictions applicable to the Notes.

You, the Company, and counsel for the Company are entitled to rely upon this Certificate and are irrevocably authorized to produce this Certificate or a copy hereof to any interested party in any administrative or legal proceeding or official inquiry with respect to the matters covered hereby. Terms used in this certificate have the meanings set forth in Regulation S.

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| | |
|:---|:---|
| Very truly yours, | Very truly yours, |
| [NAME OF SELLER] | [NAME OF SELLER] |
| By: |  |
|  | Name: |
|  | Title: |
|  | Address: |

---

Date of this Certificate: _________________, 20__

------

EXHIBIT D

<u>Form of Supplemental Indenture in Respect of Guarantees</u> 

SUPPLEMENTAL INDENTURE, dated as of [_________] (this "<u>Supplemental Indenture</u>"), among [name of Guarantor(s)] (the "<u>Guarantor(s)</u>"), Columbus McKinnon Corporation, a New York corporation (the "<u>Company</u>"), and each other then-existing Guarantor under the Indenture referred to below (the "<u>Existing Guarantors</u>"), Wilmington Trust, National Association, as Trustee under the Indenture referred to below (the "<u>Trustee</u>") and as Note Collateral Agent under the Indenture referred to below (the "<u>Note Collateral Agent</u>").

W I T N E S S E T H:

WHEREAS, the Company, any Existing Guarantors, the Trustee and the Note Collateral Agent have heretofore become parties to a Secured Notes Indenture, dated as of January 30, 2026 (as amended, supplemented or otherwise modified, the "<u>Indenture</u>"), providing for the issuance of the Initial Notes;

WHEREAS, Section 1308 of the Indenture provides that the Company is required to cause the Guarantors to execute and deliver to the Trustee a supplemental indenture pursuant to which the Guarantors shall guarantee the Company's Note Guaranteed Obligations under the Notes pursuant to a Note Guarantee on the terms and conditions set forth herein and in Article XIII of the Indenture;

WHEREAS, each Guarantor desires to enter into such supplemental indenture for good and valuable consideration, including substantial economic benefit in that the financial performance and condition of such Guarantor is dependent on the financial performance and condition of the Company, the obligations hereunder of which such Guarantor has guaranteed, and on such Guarantor's access to working capital through the Company's access to revolving credit borrowings and term borrowings under the Senior Credit Agreement; and

WHEREAS, pursuant to Section 901 of the Indenture, the parties hereto are authorized to execute and deliver this Supplemental Indenture to amend the Indenture, without the consent of any Holder;

NOW, THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the Guarantors, the Company, the Existing Guarantors, the Trustee and the Note Collateral Agent mutually covenant and agree for the benefit of the Holders of the Notes as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. <u>Defined Terms</u>. As used in this Supplemental Indenture, terms defined in the Indenture or in the preamble or recitals hereto are used herein as therein defined. The words "herein," "hereof" and "hereby" and other words of similar import used in this Supplemental Indenture refer to this Supplemental Indenture as a whole and not to any particular section hereof.

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. <u>Agreement to Guarantee</u>. [The][Each] Guarantor hereby agrees, jointly and severally with [all][any] other Guarantors and fully and unconditionally, to guarantee the Note Guaranteed Obligations under the Indenture and the Notes on the terms and subject to the conditions set forth in Article XIII of the Indenture and to be bound by (and shall be entitled to the benefits of) all other applicable provisions of the Indenture as a Guarantor.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. <u>Termination, Release and Discharge</u>. [The][Each] Guarantor's Note Guarantee shall terminate and be of no further force or effect, and [the][each] Guarantor shall be released and discharged from all obligations in respect of such Note Guarantee, as and when provided in Section 1303 of the Indenture.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. <u>Parties</u>. Nothing in this Supplemental Indenture is intended or shall be construed to give any Person, other than the Holders and the Trustee, any legal or equitable right, remedy or claim under or in respect of [the][each] Guarantor's Guarantee or any provision contained herein or in Article XIII of the Indenture.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. <u>Governing Law</u>. THIS SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK. THE TRUSTEE, THE NOTE COLLATERAL AGENT, THE COMPANY, ANY OTHER OBLIGOR IN RESPECT OF THE NOTES AND (BY THEIR ACCEPTANCE OF THE NOTES) THE HOLDERS AGREE TO SUBMIT TO THE JURISDICTION OF ANY UNITED STATES FEDERAL OR STATE COURT LOCATED IN THE BOROUGH OF MANHATTAN, IN THE CITY OF NEW YORK IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS SUPPLEMENTAL INDENTURE.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. <u>Ratification of Indenture; Supplemental Indentures Part of Indenture</u>. Except as expressly amended hereby, the Indenture is in all respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full force and effect. This Supplemental Indenture shall form a part of the Indenture for all purposes, and every Holder of Notes heretofore or hereafter authenticated and delivered shall be bound hereby. Neither the Trustee nor the Note Collateral Agent makes any representation or warranty as to the validity or sufficiency of this Supplemental Indenture or as to the accuracy of the recitals to this Supplemental Indenture.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. <u>Counterparts</u>. The parties hereto may sign one or more copies of this Supplemental Indenture in counterparts, all of which together shall constitute one and the same agreement. The exchange of copies of this Supplemental Indenture and of signature pages by facsimile, PDF or other electronic transmission shall constitute effective execution and delivery of this Supplemental Indenture as to the parties hereto and may be used in lieu of the original Supplemental Indenture for all purposes. Signatures of the parties hereto transmitted by facsimile, PDF or other electronic methods shall be deemed to be their original signatures for all purposes.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. <u>Headings</u>. The section headings herein are for convenience of reference only and shall not be deemed to alter or affect the meaning or interpretation of any provisions hereof.

------

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

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| | |
|:---|:---|
| [NAME OF GUARANTOR(S)],<br> as Guarantor | [NAME OF GUARANTOR(S)],<br> as Guarantor |
| By: |  |
|  | Name: |
|  | Title: |
| COLUMBUS MCKINNON CORPORATION | COLUMBUS MCKINNON CORPORATION |
| By: |  |
|  | Name: |
|  | Title: |
| WILMINGTON TRUST, NATIONAL ASSOCIATION, as Trustee and Note Collateral Agent | WILMINGTON TRUST, NATIONAL ASSOCIATION, as Trustee and Note Collateral Agent |
| By: |  |
|  | Name: |
|  | Title: |

---

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EXHIBIT E

<u>Form of Certificate from Acquiring Institutional Accredited Investors</u> 

WILMINGTON TRUST, NATIONAL ASSOCIATION

99 Wood Avenue South, Suite 1000

Iselin, NJ 08830<sup>12</sup>

Re: COLUMBUS MCKINNON CORPORATION (the "<u>Company</u>")

<u>7.125% Senior Secured Notes due February 1, 2033 (the "Notes")</u>

Ladies and Gentlemen:

In connection with our proposed sale of $________ aggregate principal amount of Notes, we confirm that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. We understand that any subsequent transfer of the Notes is subject to certain restrictions and conditions set forth in the Secured Notes Indenture dated as of January 30, 2026, relating to the Notes (as amended, supplemented or otherwise modified, the "<u>Indenture</u>") and the undersigned agrees to be bound by, and not to resell, pledge or otherwise transfer the Notes except in compliance with, such restrictions and conditions and the Securities Act of 1933, as amended (the "<u>Securities Act</u>").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. We understand that the Notes have not been registered under the Securities Act or any other applicable securities law, and that the Notes may not be offered, sold or otherwise transferred except as permitted in the following sentence. We agree, on our own behalf and on behalf of any accounts for which we are acting as hereinafter stated, that if we should offer, sell, transfer, pledge, hypothecate or otherwise dispose of any Notes within one year after the original issuance of the Notes, we will do so only (<u>A</u>) to the Company or a Subsidiary, (<u>B</u>) inside the United States to a "qualified institutional buyer" in compliance with Rule 144A under the Securities Act, (<u>C</u>) inside the United States to an institutional "accredited investor" (as defined below) that, prior to such transfer, furnishes to you a signed letter substantially in the form of this letter, (<u>D</u>) outside the United States to a foreign person in compliance with Rule 904 of Regulation S under the Securities Act, (<u>E</u>) pursuant to the exemption from registration provided by Rule 144 under the Securities Act (if available), or (<u>F</u>) pursuant to an effective registration statement under the Securities Act, and we further agree to provide to any person purchasing any of the Notes from us a notice advising such purchaser that resales of the Notes are restricted as stated herein and in the Indenture.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. We understand that, on any proposed transfer of any Notes prior to the later of the original issue date of the Notes and the last date the Notes were held by an affiliate of the Company pursuant to paragraphs 2(C), 2(D) and 2(E) above, we will be required to furnish to you and the Company such certifications, legal opinions and other information as you and the Company may reasonably require to confirm that the proposed transfer complies with the foregoing restrictions. We further understand that the Notes purchased by us will bear a legend to the foregoing effect.

<sup>12</sup> Insert successor address or Trustee, as applicable.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. We are an institutional "accredited investor" (as defined in Rule 501(a)(1), (2), (3), (7), (8), (9), (12) or (13) under the Securities Act) and have such knowledge and experience in financial and business matters as to be capable of evaluating the merits and risks of our investment in the Notes, and we and any accounts for which we are acting are acquiring the Notes for investment purposes and not with a view to, or offer or sale in connection with, any distribution in violation of the Securities Act, and we are each able to bear the economic risk of our or its investment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. We are acquiring the Notes purchased by us for our own account or for one or more accounts (each of which is an institutional "<u>accredited investor</u>") as to each of which we exercise sole investment discretion.

You, the Company and counsel to the Company are entitled to rely upon this letter and are irrevocably authorized to produce this letter or a copy hereof to any interested party in any administrative or legal proceedings or official inquiry with respect to the matters covered hereby.

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| | |
|:---|:---|
| Very truly yours, | Very truly yours, |
| (Name of Transferee) | (Name of Transferee) |
| By: |  |
|  | Authorized Signature |

---

## Exhibit 4.2

**Exhibit 4.2** 

***Execution Version*** 

<u>Supplemental Indenture in Respect of Guarantees</u> 

SUPPLEMENTAL INDENTURE, dated as of February 3, 2026 (this "<u>Supplemental Indenture</u>"), among each of the parties that are signatories hereto as the Guarantors (collectively, the "<u>Guarantors</u>"), Columbus McKinnon Corporation (the "<u>Company</u>"), and Wilmington Trust, National Association, as Trustee under the Indenture referred to below (the "<u>Trustee</u>") and as Note Collateral Agent under the Indenture referred to below (the "<u>Note Collateral Agent</u>").

W I T N E S S E T H:

WHEREAS, the Company, the Trustee and the Note Collateral Agent have heretofore become parties to a Secured Notes Indenture, dated as of January 30, 2026 (as amended, supplemented or otherwise modified, the "<u>Indenture</u>"), providing for the issuance of Notes in series;

WHEREAS, Section 1308 of the Indenture provides that the Company is required to cause the Guarantors to execute and deliver to the Trustee a supplemental indenture pursuant to which the Guarantors shall guarantee the Company's Note Guaranteed Obligations under the Notes pursuant to a Note Guarantee on the terms and conditions set forth herein and in Article XIII of the Indenture;

WHEREAS, each Guarantor desires to enter into such supplemental indenture for good and valuable consideration, including substantial economic benefit in that the financial performance and condition of such Guarantor is dependent on the financial performance and condition of the Company, the obligations hereunder of which such Guarantor has guaranteed, and on such Guarantor's access to working capital through the Company's access to revolving credit borrowings and term borrowings under the Senior Credit Agreement; and

WHEREAS, pursuant to Section 901 of the Indenture, the parties hereto are authorized to execute and deliver this Supplemental Indenture to amend the Indenture, without the consent of any Holder;

NOW, THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the Guarantors, the Company, the Trustee and the Note Collateral Agent mutually covenant and agree for the benefit of the Holders of the Notes as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. <u>Defined Terms</u>. As used in this Supplemental Indenture, terms defined in the Indenture or in the preamble or recitals hereto are used herein as therein defined. The words "herein," "hereof" and "hereby" and other words of similar import used in this Supplemental Indenture refer to this Supplemental Indenture as a whole and not to any particular section hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. <u>Agreement to Guarantee</u>. Each Guarantor hereby agrees, jointly and severally with all other Guarantors and fully and unconditionally, to guarantee the Note Guaranteed Obligations under the Indenture and the Notes on the terms and subject to the conditions set forth in Article XIII of the Indenture and to be bound by (and shall be entitled to the benefits of) all other applicable provisions of the Indenture as a Guarantor.

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. <u>Termination, Release and Discharge</u>. Each Guarantor's Note Guarantee shall terminate and be of no further force or effect, and each Guarantor shall be released and discharged from all obligations in respect of such Note Guarantee, as and when provided in Section 1303 of the Indenture.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. <u>Parties</u>. Nothing in this Supplemental Indenture is intended or shall be construed to give any Person, other than the Holders and the Trustee, any legal or equitable right, remedy or claim under or in respect of each Guarantor's Guarantee or any provision contained herein or in Article XIII of the Indenture.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. <u>Governing Law</u>. THIS SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK. THE TRUSTEE, THE COMPANY, ANY OTHER OBLIGOR IN RESPECT OF THE NOTES AND (BY THEIR ACCEPTANCE OF THE NOTES) THE HOLDERS AGREE TO SUBMIT TO THE JURISDICTION OF ANY UNITED STATES FEDERAL OR STATE COURT LOCATED IN THE BOROUGH OF MANHATTAN, IN THE CITY OF NEW YORK IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS SUPPLEMENTAL INDENTURE.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. <u>Ratification of Indenture; Supplemental Indentures Part of Indenture</u>. Except as expressly amended hereby, the Indenture is in all respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full force and effect. This Supplemental Indenture shall form a part of the Indenture for all purposes, and every Holder of Notes heretofore or hereafter authenticated and delivered shall be bound hereby. Neither the Trustee nor the Note Collateral Agent makes any representation or warranty as to the validity or sufficiency of this Supplemental Indenture or as to the accuracy of the recitals to this Supplemental Indenture.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. <u>Counterparts</u>. The parties hereto may sign one or more copies of this Supplemental Indenture in counterparts, all of which together shall constitute one and the same agreement. The exchange of copies of this Supplemental Indenture and of signature pages by facsimile, PDF or other electronic transmission shall constitute effective execution and delivery of this Supplemental Indenture as to the parties hereto and may be used in lieu of the original Supplemental Indenture for all purposes. Signatures of the parties hereto transmitted by facsimile, PDF or other electronic methods shall be deemed to be their original signatures for all purposes.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. <u>Headings</u>. The section headings herein are for convenience of reference only and shall not be deemed to alter or affect the meaning or interpretation of any provisions hereof.

[*Signature Pages to Follow*]

------

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

---

| | | | |
|:---|:---|:---|:---|
| MAGNETEK, INC. | MAGNETEK, INC. |  |  |
| YALE INDUSTRIAL PRODUCTS, INC. | YALE INDUSTRIAL PRODUCTS, INC. |  |  |
| By: | /s/ Gregory P. Rustowicz |  |  |
|  | Name: Gregory P. Rustowicz |  |  |
|  | Title: Vice President and Treasurer |  |  |
| DORNER MFG. CORP. | DORNER MFG. CORP. |  |  |
| By: | /s/ Gregory P. Rustowicz |  |  |
|  | Name: Gregory P. Rustowicz |  |  |
|  | Title: Treasurer |  |  |
| CMCO ACQUISITION, LLC | CMCO ACQUISITION, LLC |  |  |
| KITO CROSBY ACQUISITION, LLC | KITO CROSBY ACQUISITION, LLC |  |  |
| AMDURA LLC | AMDURA LLC |  |  |
| THE CROSBY GROUP LLC | THE CROSBY GROUP LLC |  |  |
| THE CROSBY GROUP MANUFACTURING LLC | THE CROSBY GROUP MANUFACTURING LLC |  |  |
| By: | /s/ Gregory P. Rustowicz |  |  |
|  | Name: Gregory P. Rustowicz |  |  |
|  | Title: Manager |  |  |
| ACCO MATERIAL HANDLING SOLUTIONS, INC. | ACCO MATERIAL HANDLING SOLUTIONS, INC. |  |  |
| FKI HARDWARE, INC.<br> CROSBY US ACQUISITION CORP.<br> PEERLESS INDUSTRIAL GROUP, INC.<br> PEERLESS CHAIN COMPANY<br> FKI INDUSTRIES, INC.<br> HARRINGTON HOISTS, INC.<br> KITO AMERICAS, INC.<br> CROSBY INVESTMENT INC. | FKI HARDWARE, INC.<br> CROSBY US ACQUISITION CORP.<br> PEERLESS INDUSTRIAL GROUP, INC.<br> PEERLESS CHAIN COMPANY<br> FKI INDUSTRIES, INC.<br> HARRINGTON HOISTS, INC.<br> KITO AMERICAS, INC.<br> CROSBY INVESTMENT INC. |  |  |
| FKI HARDWARE, INC.<br> CROSBY US ACQUISITION CORP.<br> PEERLESS INDUSTRIAL GROUP, INC.<br> PEERLESS CHAIN COMPANY<br> FKI INDUSTRIES, INC.<br> HARRINGTON HOISTS, INC.<br> KITO AMERICAS, INC.<br> CROSBY INVESTMENT INC. | FKI HARDWARE, INC.<br> CROSBY US ACQUISITION CORP.<br> PEERLESS INDUSTRIAL GROUP, INC.<br> PEERLESS CHAIN COMPANY<br> FKI INDUSTRIES, INC.<br> HARRINGTON HOISTS, INC.<br> KITO AMERICAS, INC.<br> CROSBY INVESTMENT INC. |  |  |
| FKI HARDWARE, INC.<br> CROSBY US ACQUISITION CORP.<br> PEERLESS INDUSTRIAL GROUP, INC.<br> PEERLESS CHAIN COMPANY<br> FKI INDUSTRIES, INC.<br> HARRINGTON HOISTS, INC.<br> KITO AMERICAS, INC.<br> CROSBY INVESTMENT INC. | FKI HARDWARE, INC.<br> CROSBY US ACQUISITION CORP.<br> PEERLESS INDUSTRIAL GROUP, INC.<br> PEERLESS CHAIN COMPANY<br> FKI INDUSTRIES, INC.<br> HARRINGTON HOISTS, INC.<br> KITO AMERICAS, INC.<br> CROSBY INVESTMENT INC. | By: | /s/ Gregory P. Rustowicz |
| FKI HARDWARE, INC.<br> CROSBY US ACQUISITION CORP.<br> PEERLESS INDUSTRIAL GROUP, INC.<br> PEERLESS CHAIN COMPANY<br> FKI INDUSTRIES, INC.<br> HARRINGTON HOISTS, INC.<br> KITO AMERICAS, INC.<br> CROSBY INVESTMENT INC. | FKI HARDWARE, INC.<br> CROSBY US ACQUISITION CORP.<br> PEERLESS INDUSTRIAL GROUP, INC.<br> PEERLESS CHAIN COMPANY<br> FKI INDUSTRIES, INC.<br> HARRINGTON HOISTS, INC.<br> KITO AMERICAS, INC.<br> CROSBY INVESTMENT INC. |  | Name: Gregory P. Rustowicz |
| FKI HARDWARE, INC.<br> CROSBY US ACQUISITION CORP.<br> PEERLESS INDUSTRIAL GROUP, INC.<br> PEERLESS CHAIN COMPANY<br> FKI INDUSTRIES, INC.<br> HARRINGTON HOISTS, INC.<br> KITO AMERICAS, INC.<br> CROSBY INVESTMENT INC. | FKI HARDWARE, INC.<br> CROSBY US ACQUISITION CORP.<br> PEERLESS INDUSTRIAL GROUP, INC.<br> PEERLESS CHAIN COMPANY<br> FKI INDUSTRIES, INC.<br> HARRINGTON HOISTS, INC.<br> KITO AMERICAS, INC.<br> CROSBY INVESTMENT INC. |  | Title: Vice President and Treasurer |
| FKI HARDWARE, INC.<br> CROSBY US ACQUISITION CORP.<br> PEERLESS INDUSTRIAL GROUP, INC.<br> PEERLESS CHAIN COMPANY<br> FKI INDUSTRIES, INC.<br> HARRINGTON HOISTS, INC.<br> KITO AMERICAS, INC.<br> CROSBY INVESTMENT INC. | FKI HARDWARE, INC.<br> CROSBY US ACQUISITION CORP.<br> PEERLESS INDUSTRIAL GROUP, INC.<br> PEERLESS CHAIN COMPANY<br> FKI INDUSTRIES, INC.<br> HARRINGTON HOISTS, INC.<br> KITO AMERICAS, INC.<br> CROSBY INVESTMENT INC. |  |  |
| FKI HARDWARE, INC.<br> CROSBY US ACQUISITION CORP.<br> PEERLESS INDUSTRIAL GROUP, INC.<br> PEERLESS CHAIN COMPANY<br> FKI INDUSTRIES, INC.<br> HARRINGTON HOISTS, INC.<br> KITO AMERICAS, INC.<br> CROSBY INVESTMENT INC. | FKI HARDWARE, INC.<br> CROSBY US ACQUISITION CORP.<br> PEERLESS INDUSTRIAL GROUP, INC.<br> PEERLESS CHAIN COMPANY<br> FKI INDUSTRIES, INC.<br> HARRINGTON HOISTS, INC.<br> KITO AMERICAS, INC.<br> CROSBY INVESTMENT INC. |  |  |
| FKI HARDWARE, INC.<br> CROSBY US ACQUISITION CORP.<br> PEERLESS INDUSTRIAL GROUP, INC.<br> PEERLESS CHAIN COMPANY<br> FKI INDUSTRIES, INC.<br> HARRINGTON HOISTS, INC.<br> KITO AMERICAS, INC.<br> CROSBY INVESTMENT INC. | FKI HARDWARE, INC.<br> CROSBY US ACQUISITION CORP.<br> PEERLESS INDUSTRIAL GROUP, INC.<br> PEERLESS CHAIN COMPANY<br> FKI INDUSTRIES, INC.<br> HARRINGTON HOISTS, INC.<br> KITO AMERICAS, INC.<br> CROSBY INVESTMENT INC. |  |  |

---

[Signature Page to Supplemental Indenture]

------

---

| | |
|:---|:---|
| EEPOS US, LLC | EEPOS US, LLC |
| By: | /s/ Alan S. Korman |
|  | Name: Alan S. Korman |
|  | Title: Manager |
| COLUMBUS MCKINNON CORPORATION | COLUMBUS MCKINNON CORPORATION |
| By: | /s/ Gregory P. Rustowicz |
|  | Name: Gregory P. Rustowicz |
|  | Title: Executive Vice President-Finance and<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chief Financial Officer |

---

[Signature Page to Supplemental Indenture]

------

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| | |
|:---|:---|
| WILMINGTON TRUST, NATIONAL ASSOCIATION, as Trustee | WILMINGTON TRUST, NATIONAL ASSOCIATION, as Trustee |
| By: | /s/ Latoya S. Elvin |
|  | Name: Latoya S. Elvin |
|  | Title: Vice President |
| WILMINGTON TRUST, NATIONAL ASSOCIATION, as Note Collateral Agent | WILMINGTON TRUST, NATIONAL ASSOCIATION, as Note Collateral Agent |
| By: | /s/ Latoya S. Elvin |
|  | Name: Latoya S. Elvin |
|  | Title: Vice President |

---

[Signature Page to Supplemental Indenture]

## Exhibit 10.1

**Exhibit 10.1** 

***Execution Version***

$2,150,000,000

CREDIT AGREEMENT

among

COLUMBUS MCKINNON CORPORATION,

COLUMBUS MCKINNON EMEA GMBH,

and

CERTAIN SUBSIDIARIES

as Borrowers,

THE LENDERS

FROM TIME TO TIME PARTIES HERETO,

JPMORGAN CHASE BANK, N.A.,

as Administrative Agent and Collateral Agent,

JPMORGAN CHASE BANK, N.A.,

PNC CAPITAL MARKETS LLC AND

WELLS FARGO SECURITIES, LLC

as Joint Lead Arrangers and Joint Bookrunners

PNC CAPITAL MARKETS LLC AND

WELLS FARGO SECURITIES, LLC

as Co-Syndication Agents

CITIZENS BANK, N.A.,

DEUTSCHE BANK AG NEW YORK BRANCH,

KEYBANK NATIONAL ASSOCATION,

MIZUHO BANK, LTD.,

M&T BANK,

ROYAL BANK OF CANADA,

SUMITOMO MITSUI BANKING CORPORATION

TRUIST BANK AND

UBS SECURITIES LLC,

as Co-Documentation Agents

dated as of February 3, 2026

------

<u>**Table of Contents**</u> 

---

| | | |
|:---|:---|:---|
|  |  | Page |
| SECTION 1 | SECTION 1 | SECTION 1 |
| Definitions | Definitions | Definitions |
| 1.1 | Defined Terms | 1 |
| 1.2 | Other Definitional and Interpretive Provisions | 110 |
| 1.3 | Appointment of Borrower Representative | 116 |
| SECTION 2 | SECTION 2 | SECTION 2 |
| Amount and Terms of Commitments | Amount and Terms of Commitments | Amount and Terms of Commitments |
| 2.1 | Initial Term Loans and Initial Revolving Commitments | 116 |
| 2.2 | Notes | 117 |
| 2.3 | Procedure for Initial Term Loan Borrowing | 118 |
| 2.4 | Procedure for Revolving Credit Borrowing | 118 |
| 2.5 | Repayment of Loans | 120 |
| 2.6 | Letters of Credit and Bankers' Acceptances | 121 |
| 2.7 | Swing Line Commitments | 131 |
| 2.8 | Incremental Facilities | 134 |
| 2.9 | Permitted Debt Exchanges | 139 |
| 2.10 | Extension of Term Loans and Revolving Commitments | 141 |
| 2.11 | Specified Refinancing Facilities | 145 |
| 2.12 | [Reserved] | 148 |
| 2.13 | Designated Borrowers | 148 |
| SECTION 3 | SECTION 3 | SECTION 3 |
| [Reserved] | [Reserved] | [Reserved] |
| SECTION 4 | SECTION 4 | SECTION 4 |
| General Provisions Applicable to Loans | General Provisions Applicable to Loans | General Provisions Applicable to Loans |
| 4.1 | Interest Rates and Payment Dates | 149 |
| 4.2 | Conversion and Continuation Options | 150 |
| 4.3 | Minimum Amounts; Maximum Sets | 152 |
| 4.4 | Optional and Mandatory Prepayments | 152 |
| 4.5 | Administrative Agent's Fee; Other Fees | 167 |
| 4.6 | Computation of Interest and Fees | 168 |
| 4.7 | Inability to Determine Interest Rate | 169 |
| 4.8 | Pro Rata Treatment and Payments | 173 |
| 4.9 | Illegality | 175 |
| 4.10 | Requirements of Law | 175 |
| 4.11 | Taxes | 178 |
| 4.12 | Indemnity | 183 |
| 4.13 | Certain Rules Relating to the Payment of Additional Amounts | 184 |
| 4.14 | Defaulting Lenders | 186 |

---

(i) ------

<u>Table of contents</u> 

(continued)

---

| | | |
|:---|:---|:---|
|  |  | Page |
| SECTION 5 | SECTION 5 | SECTION 5 |
| Representations and Warranties | Representations and Warranties | Representations and Warranties |
| 5.1 | Financial Condition | 189 |
| 5.2 | No Change; No Internal Control Event; Solvent | 190 |
| 5.3 | Corporate Existence; Compliance with Law | 190 |
| 5.4 | Corporate Power; Authorization; Enforceable Obligations | 191 |
| 5.5 | No Legal Bar | 191 |
| 5.6 | No Material Litigation | 191 |
| 5.7 | No Default | 192 |
| 5.8 | Ownership of Property; Liens | 192 |
| 5.9 | Intellectual Property; Licenses; Cybersecurity, Etc. | 192 |
| 5.10 | Taxes | 192 |
| 5.11 | Federal Regulations | 193 |
| 5.12 | ERISA | 193 |
| 5.13 | Collateral | 194 |
| 5.14 | Investment Company Act; Other Regulations | 195 |
| 5.15 | Subsidiaries; Equity Interests | 195 |
| 5.16 | Purpose of Loans | 195 |
| 5.17 | Environmental Matters | 196 |
| 5.18 | Disclosure | 196 |
| 5.19 | Taxpayer Identification Number; Other Identifying Information | 196 |
| 5.20 | Insurance | 197 |
| 5.21 | Anti-Corruption Laws and Sanctions | 197 |
| 5.22 | [Reserved] | 197 |
| 5.23 | [Reserved] | 197 |
| 5.24 | Obligations as Senior Debt | 197 |
| 5.25 | Representations as to Foreign Loan Parties | 197 |
| 5.26 | Affected Financial Institutions | 198 |
| SECTION 6 | SECTION 6 | SECTION 6 |
| Conditions Precedent | Conditions Precedent | Conditions Precedent |
| 6.1 | Conditions to Initial Extension of Credit | 198 |
| 6.2 | Conditions to Each Extension of Credit After the Closing Date | 204 |

---

(ii) ------

<u>Table of contents</u> 

(continued)

---

| | | |
|:---|:---|:---|
|  |  | Page |
| SECTION 7 | SECTION 7 | SECTION 7 |
| Affirmative Covenants | Affirmative Covenants | Affirmative Covenants |
| 7.1 | Financial Statements | 205 |
| 7.2 | Certificates; Other Information | 207 |
| 7.3 | Payment of Obligations | 208 |
| 7.4 | Conduct of Business and Maintenance of Existence; Compliance with Contractual Obligations and Requirements of Law | 208 |
| 7.5 | Maintenance of Property; Insurance | 209 |
| 7.6 | Inspection of Property; Books and Records; Discussions | 210 |
| 7.7 | Notices | 210 |
| 7.8 | Environmental Laws | 211 |
| 7.9 | After-Acquired Real Property and Fixtures; Subsidiaries | 212 |
| 7.10 | Use of Proceeds | 215 |
| 7.11 | Approvals and Authorizations | 216 |
| 7.12 | Centre of Main Interest and Establishment | 216 |
| 7.13 | Post-Closing Security Perfection | 216 |
| 7.14 | [Reserved] | 216 |
| 7.15 | Accounting Changes | 216 |
| SECTION 8 | SECTION 8 | SECTION 8 |
| Negative Covenants | Negative Covenants | Negative Covenants |
| 8.1 | Limitation on Indebtedness | 217 |
| 8.2 | Limitation on Restricted Payments | 224 |
| 8.3 | Limitation on Restrictive Agreements | 231 |
| 8.4 | Limitation on Sales of Assets and Subsidiary Stock | 233 |
| 8.5 | Limitations on Transactions with Affiliates | 237 |
| 8.6 | Limitation on Liens | 239 |
| 8.7 | Limitation on Fundamental Changes | 239 |
| 8.8 | Change of Control; Limitation on Amendments | 241 |
| 8.9 | Limitation on Lines of Business | 242 |
| 8.10 | Sale-Leaseback Transactions | 242 |
| 8.11 | Financial Covenant | 243 |
| SECTION 9 | SECTION 9 | SECTION 9 |
| Events of Default | Events of Default | Events of Default |
| 9.1 | Events of Default | 243 |
| 9.2 | Remedies Upon an Event of Default | 248 |

---

(iii) ------

<u>Table of contents</u> 

(continued)

---

| | | |
|:---|:---|:---|
|  |  | Page |
| SECTION 10 | SECTION 10 | SECTION 10 |
| The Agents and the Other Representatives | The Agents and the Other Representatives | The Agents and the Other Representatives |
| 10.1 | Appointment | 249 |
| 10.2 | The Administrative Agent and Affiliates | 249 |
| 10.3 | Action by an Agent | 250 |
| 10.4 | Exculpatory Provisions | 250 |
| 10.5 | Acknowledgement and Representations by Lenders | 251 |
| 10.6 | Indemnity; Reimbursement by Lenders | 252 |
| 10.7 | Right to Request and Act on Instructions | 253 |
| 10.8 | Collateral Matters | 253 |
| 10.9 | Successor Agent | 256 |
| 10.10 | [Reserved] | 257 |
| 10.11 | Withholding Tax | 257 |
| 10.12 | Other Representatives | 258 |
| 10.13 | Administrative Agent May File Proofs of Claim | 258 |
| 10.14 | Application of Proceeds | 258 |
| 10.15 | Certain ERISA Matters | 259 |
| 10.16 | Acknowledgements of Lenders | 260 |
| 10.17 | Borrower Communications | 262 |
| SECTION 11 | SECTION 11 | SECTION 11 |
| Miscellaneous | Miscellaneous | Miscellaneous |
| 11.1 | Amendments and Waivers | 264 |
| 11.2 | Notices | 272 |
| 11.3 | No Waiver; Cumulative Remedies | 275 |
| 11.4 | Survival of Representations and Warranties | 275 |
| 11.5 | Payment of Expenses and Taxes | 275 |
| 11.6 | Successors and Assigns; Participations and Assignments | 277 |
| 11.7 | Adjustments; Set-off; Calculations; Computations | 288 |
| 11.8 | Judgment | 288 |
| 11.9 | Counterparts | 289 |
| 11.10 | Severability | 289 |
| 11.11 | Integration | 289 |
| 11.12 | Governing Law | 290 |
| 11.13 | Submission to Jurisdiction; Waivers | 290 |
| 11.14 | Acknowledgements | 291 |
| 11.15 | Waiver of Jury Trial | 291 |
| 11.16 | Confidentiality | 291 |
| 11.17 | Incremental Indebtedness; Additional Indebtedness | 293 |
| 11.18 | USA PATRIOT Act Notice | 293 |
| 11.19 | Electronic Execution of Assignments and Certain Other Documents | 293 |

---

(iv) ------

<u>Table of contents</u> 

(continued)

---

| | | | |
|:---|:---|:---|:---|
|  |  | Page | Page |
| 11.20 | Reinstatement |  | 294 |
| 11.21 | Acknowledgement and Consent to Bail-In of Affected Financial Institutions |  | 294 |
| 11.22 | Acknowledgment Regarding any Supported QFCs |  | 295 |

---

(v) ------

<u>SCHEDULES</u> 

---

| | |
|:---|:---|
|  A | Commitments and Addresses |
|  1.1(b) | Existing Liens |
|  1.1(c) | Existing Investments |
|  1.1(d) | Existing Letters of Credit and Existing Bankers' Acceptances |
| 5.4 | Consents Required |
| 5.6 | Litigation |
| 5.8 | Real Property |
| 5.9 | Intellectual Property |
| 5.15 | Subsidiaries |
| 5.17 | Environmental Matters |
| 5.19 | Taxpayer Identification Number; Other Identifying Information |
| 7.2 | Website Address for Electronic Financial Reporting |
| 7.13 | Post-Closing Collateral Requirements |
| 8.1 | Existing Indebtedness |
| 8.5 | Affiliate Transactions |

---

<u>EXHIBITS</u> 

---

| | |
|:---|:---|
|  A-1 | Form of Term Loan Note |
|  A-2 | Form of Revolving Note |
|  A-3 | Form of Swing Line Note |
|  B | Form of Guarantee and Collateral Agreement |
|  C | Form of Mortgage |
|  D-1 | Form of U.S. Tax Compliance Certificate |
|  D-2 | Form of U.S. Tax Compliance Certificate |
|  D-3 | Form of U.S. Tax Compliance Certificate |
|  D-4 | Form of U.S. Tax Compliance Certificate |
|  E | Form of Assignment and Acceptance |
|  F | Form of Secretary's Certificate |
|  G | Form of Officer's Certificate |
|  H | Form of Solvency Certificate |
|  I-1 | Form of Increase Supplement |
|  I-2 | Form of Lender Joinder Agreement |
|  J | [Reserved] |
|  K | [Reserved] |
|  L-1 | Form of Borrowing Request |
|  L-2 | Form of Letter of Credit / Bankers' Acceptance Request |
|  M | Form of Swing Line Loan Participation Certificate |
|  N | Form of Acceptance and Prepayment Notice |
|  O | Form of Discount Range Prepayment Notice |
|  P | Form of Discount Range Prepayment Offer |
|  Q | Form of Solicited Discounted Prepayment Notice |
|  R | Form of Solicited Discounted Prepayment Offer |
|  S | Form of Specified Discount Prepayment Notice |
|  T | Form of Specified Discount Prepayment Response |

---

(vi) ------

---

| | |
|:---|:---|
|  U | Form of Compliance Certificate |
|  V | Form of Designated Borrower Request and Assumption Agreement |
|  W | Form of Designated Borrower Notice |

---

(vii) ------

CREDIT AGREEMENT, dated as of February 3, 2026, among COLUMBUS MCKINNON CORPORATION, a New York corporation (as further defined in <u>Subsection 1.1</u>, the "<u>Parent Borrower</u>"), COLUMBUS MCKINNON EMEA GMBH, a company organized under the laws of Germany (as further defined in <u>Subsection 1.1</u>, the "<u>German Borrower</u>", and together with the Parent Borrower and any other Designated Borrower (as defined in <u>Subsection 1.1</u>), the "<u>Borrowers</u>" and each individually, a "<u>Borrower</u>"), the several banks and other financial institutions from time to time party hereto (as further defined in <u>Subsection 1.1</u>, the "<u>Lenders</u>"), and JPMORGAN CHASE BANK, N.A., as administrative agent (in such capacity and as further defined in <u>Subsection 1.1</u>, the "<u>Administrative Agent</u>") for the Lenders hereunder and as collateral agent (in such capacity and as further defined in <u>Subsection 1.1</u>, the "<u>Collateral Agent</u>") for the Secured Parties (as defined in <u>Subsection 1.1</u>).

<u>W</u> <u>I</u> <u>T</u> <u>N</u> <u>E</u> <u>S</u> <u>S</u> <u>E</u> <u>T</u> <u>H</u>:

WHEREAS, to consummate the transactions contemplated by the Keystone Purchase Agreement, (<u>A</u>) the Borrowers will enter into this Agreement to (<u>i</u>) in the case of the Parent Borrower, borrow Initial Term Loans in an aggregate principal amount of $1,650,000,000 (unless reduced in accordance with <u>Subsection 6.1(b)</u>) and (<u>ii</u>) borrow Initial Revolving Loans from time to time prior to the Initial Revolving Maturity Date in an aggregate principal amount of up to $500,000,000 on a Dollar Equivalent basis, and (<u>B</u>) the Parent Borrower will obtain other senior secured debt, in the form of notes and/or loans, secured by a first priority Lien on the Collateral on a pari passu basis with the Initial Term Loans and the Initial Revolving Facility, generating aggregate gross proceeds of up to $900,000,000 (unless reduced in accordance with <u>Subsection 6.1(b)</u>) (collectively, the "<u>Other Secured Debt</u>"); and

WHEREAS, the cash proceeds of the Equity Contribution, the Initial Term Loans, the Other Secured Debt and any Initial Revolving Loans made on the Closing Date hereunder will be used on the Closing Date, inter alia, to consummate the Transactions, and to pay fees, premiums and expenses incurred in connection with the Transactions.

NOW, THEREFORE, in consideration of the premises and the mutual agreements contained herein, the parties hereto agree as follows:

SECTION 1

<u>Definitions</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1 <u>Defined Terms</u>. As used in this Agreement, the following terms shall have the following meanings:

"<u>Accelerated</u>": as defined in <u>Subsection 9.1(e)</u>.

"<u>Acceleration</u>": as defined in <u>Subsection 9.1(e)</u>.

------

"<u>Acceptable Discount</u>": as defined in <u>Subsection 4.4(l)(iv)(2)</u>.

"<u>Acceptable Prepayment Amount</u>": as defined in <u>Subsection 4.4(l)(iv)(3)</u>.

"<u>Acceptance and Prepayment Notice</u>": a written notice from the Borrower Representative setting forth the Acceptable Discount pursuant to <u>Subsection 4.4(l)(iv)(2)</u> substantially in the form of <u>Exhibit N</u>.

"<u>Acceptance Credit</u>" means a commercial Letter of Credit in which the applicable Issuing Bank engages with the beneficiary of such Letter of Credit to accept a time draft.

"<u>Acceptance Date</u>": as defined in <u>Subsection 4.4(l)(iv)(2)</u>.

"<u>Acknowledging Party</u>": as defined in <u>Subsection</u> <u>11.2</u><u>1</u>.

"<u>Acquired Indebtedness</u>": Indebtedness of a Person (<u>i</u>) existing at the time such Person becomes a Subsidiary or (<u>ii</u>) assumed in connection with the acquisition of assets from such Person, in each case other than Indebtedness Incurred in connection with, or in contemplation of, such Person becoming a Subsidiary or such acquisition of assets. Acquired Indebtedness shall be deemed to be Incurred on the date of the related acquisition of assets from any Person or the date the acquired Person becomes a Subsidiary.

"<u>Acquisition</u>": the acquisition by the Parent Borrower on the Closing Date, in accordance with the Keystone Purchase Agreement, of all of the Shares (as defined in the Keystone Purchase Agreement) of Kito Crosby.

"<u>Acquisition Indebtedness</u>": Indebtedness of (<u>A</u>) the Parent Borrower or any Restricted Subsidiary Incurred to finance or refinance, or otherwise Incurred in connection with, any acquisition of any assets (including Capital Stock), business or Person, or any merger, amalgamation or consolidation of any Person with or into the Parent Borrower or any Restricted Subsidiary, or (<u>B</u>) any Person that is acquired by, or merged, amalgamated or consolidated with or into, the Parent Borrower or any Restricted Subsidiary (including Indebtedness thereof Incurred in connection with any such acquisition, merger, amalgamation or consolidation).

"<u>Additional Agent</u>": as defined in the Intercreditor Agreement or any Other Intercreditor Agreement, as applicable.

"<u>Additional Assets</u>": (<u>i</u>) any property or assets that replace the property or assets that are the subject of an Asset Disposition; (<u>ii</u>) any property or assets (other than Indebtedness and Capital Stock) used or to be used by the Parent Borrower or a Restricted Subsidiary or otherwise useful in a Related Business, and any capital expenditures in respect of any property or assets already so used; (<u>iii</u>) the Capital Stock of a Person that is engaged in a Related Business and becomes a Restricted Subsidiary as a result of the acquisition of such Capital Stock by the Parent Borrower or another Restricted Subsidiary; or (<u>iv</u>) the Capital Stock of any Person that at such time is a Restricted Subsidiary acquired from a third party.

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"<u>Additional Incremental Lender</u>": as defined in <u>Subsection 2.8(b)</u>.

"<u>Additional Indebtedness</u>": as defined in the Intercreditor Agreement or any Other Intercreditor Agreement, as applicable.

"<u>Additional Obligations</u>": senior or subordinated Indebtedness (which Indebtedness may be (<u>x</u>) secured by a Lien ranking pari passu to the Lien that secures the Senior Secured Facilities Obligations (or, if applicable, the applicable Foreign Senior Secured Facilities Obligations), (<u>y</u>) secured by a Lien ranking junior to the Lien that secures the Senior Secured Facilities Obligations (or, if applicable, the applicable Foreign Senior Secured Facilities Obligations), or (<u>z</u>) unsecured, including customary bridge financings, in each case issued or incurred by a Borrower, a Guarantor or an Escrow Subsidiary, the terms of which Indebtedness (<u>i</u>) (<u>x</u>) other than in the case of any Indebtedness under any revolving credit facility, do not provide for a maturity date or weighted average life to maturity earlier than the Initial Term Loan Maturity Date or shorter than the remaining weighted average life to maturity of the Initial Term Loans, as the case may be (other than an earlier maturity date and/or shorter weighted average life to maturity (<u>1</u>) for customary bridge financings, which, subject to customary conditions (as determined by the Borrower Representative in good faith, which determination shall be conclusive), would either be automatically converted into or required to be exchanged for permanent financing which does not provide for an earlier maturity date or a shorter weighted average life to maturity than the Initial Term Loan Maturity Date or the remaining weighted average life to maturity of the Initial Term Loans, as applicable, (<u>2</u>) pursuant to an escrow or similar arrangement with respect to the proceeds of such Additional Obligation or (<u>3</u>) arising on account of any mandatory principal redemption or payment by the Parent Borrower or any Restricted Subsidiary pursuant to an "AHYDO saver" provision, and the Parent Borrower's determination in good faith (which determination shall be conclusive) of the amount of any such "AHYDO saver" mandatory principal redemption or prepayment shall be conclusive and binding for all purposes under this Agreement), or (<u>y</u>) in the case of any Indebtedness under any bona fide revolving credit facility, do not provide for a maturity date earlier than the Stated Maturity of the Revolving Commitments, (<u>ii</u>) to the extent such Indebtedness is subordinated, provide for customary payment subordination to the Senior Secured Facilities Obligations under the Loan Documents as determined by the Borrower Representative in good faith (which determination shall be conclusive), and (<u>iii</u>) do not provide for any mandatory repayment or redemption from the Net Cash Proceeds of Asset Dispositions (other than any Asset Disposition in respect of any assets, business or Person the acquisition of which was financed, all or in part, with such Additional Obligations and the disposition of which was contemplated by any definitive agreement in respect of such acquisition) or Recovery Events or from Excess Cash Flow, to the extent the Net Cash Proceeds of such Asset Disposition or Recovery Event or such Excess Cash Flow are required to be applied to repay the Initial Term Loans hereunder pursuant to <u>Subsection</u> <u>4.4(e)</u>, on more than a ratable basis with the Initial Term Loans (after giving effect to any amendment in accordance with <u>Subsection 11.1(d)(vi)</u>); <u>provided</u> that (<u>a</u>) other than with respect to proceeds of such Additional Obligations which are subject to an escrow or similar arrangement and any related deposit of cash, Cash Equivalents or Temporary Cash Investments to cover interest and premium in respect of such Additional Obligations, such Indebtedness shall not, with respect to Indebtedness of a Borrower, a Subsidiary Guarantor or an Escrow Subsidiary, be secured by any Lien on any asset of any Loan Party that does not also secure the Senior Secured

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Facilities Obligations (or, with respect to Indebtedness a Foreign Loan Party, the applicable Foreign Senior Secured Facilities Obligations), or be guaranteed by any Person other than the Guarantors that guarantee the Senior Secured Facilities Obligations (or, with respect to Indebtedness of a Foreign Loan Party, the applicable Foreign Senior Secured Facilities Obligations) (it being understood that the primary obligation of an Escrow Subsidiary shall not constitute a guarantee by a Person other than a Guarantor), (<u>b</u>) if secured by Collateral, such Indebtedness (and all related Obligations) shall be subject to the terms of the Intercreditor Agreement or an Other Intercreditor Agreement and (<u>c</u>) if in the form of pari passu term loans, shall be subject to the MFN Protection.

"<u>Additional Obligations Documents</u>": any document or instrument (including any guarantee, security agreement or mortgage and which may include any or all of the Loan Documents) issued or executed and delivered by any Loan Party or Escrow Subsidiary with respect to any Additional Obligations, Rollover Indebtedness or Letter of Credit Facilities.

"<u>Additional Specified Refinancing Lender</u>": as defined in <u>Subsection 2.11(b)</u>.

"<u>Adjusted Daily Simple RFR</u>": (i) with respect to any RFR Borrowing denominated in Sterling, an interest rate per annum equal to the Daily Simple RFR for Sterling, (ii) with respect to any RFR Borrowing denominated in Swiss Francs, an interest rate per annum equal to the Daily Simple RFR for Swiss Francs, (iii) with respect to any RFR Borrowing denominated in Dollars, an interest rate per annum equal to the Daily Simple RFR for Dollars and (iv) with respect to any RFR Borrowing denominated in Canadian dollars, an interest rate per annum equal to (a) the Daily Simple RFR for Canadian dollars, plus (b) 0.29547%; provided that if the Adjusted Daily Simple RFR as so determined would be less than zero, such rate shall be deemed to be equal to zero for the purposes of this Agreement.

"<u>Adjusted EURIBOR Rate</u>": with respect to any Term Benchmark Borrowing denominated in Euros for any Interest Period, an interest rate per annum equal to (a) the EURIBOR Rate for such Interest Period multiplied by (b) the Statutory Reserve Rate; provided that if the Adjusted EURIBOR Rate as so determined would be less than zero, such rate shall be deemed to be equal to zero for the purposes of this Agreement.

"<u>Adjusted HIBOR Rate</u>": with respect to any Term Benchmark Borrowing denominated in Hong Kong Dollars for any Interest Period, an interest rate per annum equal to (a) the HIBOR Rate for such Interest Period multiplied by (b) the Statutory Reserve Rate; provided that if the Adjusted HIBOR Rate as so determined would be less than zero, such rate shall be deemed to be zero for the purposes of this Agreement.

"<u>Adjusted Interest Rate</u>": as defined in <u>Subsection 2.8(d)(v)</u>.

"<u>Adjusted Term CORRA Rate</u>": for purposes of any calculation, the rate per annum equal to (a) Term CORRA for such calculation plus (b) 0.29547% for a one month interest period or 0.32138% for a three month interest period; provided that if Adjusted Term CORRA Rate as so determined would be less than zero, such rate shall be deemed to be zero for the purposes of this Agreement.

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"<u>Adjusted TIBOR Rate</u>": with respect to any Term Benchmark Borrowing denominated in Yen for any Interest Period, an interest rate per annum equal to (a) the TIBOR Rate for such Interest Period multiplied by (b) the Statutory Reserve Rate; provided that if the Adjusted TIBOR Rate as so determined would be less than zero, such rate shall be deemed to be to be zero for the purposes of this Agreement.

"<u>Adjustment Date</u>": each date on or after the last day of the Parent Borrower's first full fiscal quarter ended after the Closing Date that is the second Business Day following receipt by the Lenders of both (<u>a</u>) the financial statements required to be delivered pursuant to <u>Subsection 7.1(a)</u> or <u>Subsection 7.1(b)</u>, as applicable, for the most recently completed fiscal period and (<u>b</u>) the related Compliance Certificate required to be delivered pursuant to <u>Subsection 7.2(a)</u> with respect to such fiscal period.

"<u>Administrative Agent</u>": as defined in the Preamble hereto and shall include any successor Administrative Agent appointed pursuant to <u>Subsection 10.9</u>.

"<u>Affected EURIBOR Rate</u>": as defined in <u>Subsection 4.7</u>.

"<u>Affected Financial Institution</u>": (<u>a</u>) any EEA Financial Institution or (<u>b</u>) any UK Financial Institution.

"<u>Affected HIBOR Rate</u>": as defined in <u>Subsection 4.7</u>.

"<u>Affected Loans</u>": as defined in <u>Subsection 4.9</u>.

"<u>Affected RFR Rate</u>": as defined in <u>Subsection 4.7</u>.

"<u>Affected Term CORRA Rate</u>": as defined in <u>Subsection 4.7</u>.

"<u>Affected Term SOFR Rate</u>": as defined in <u>Subsection 4.7</u>.

"<u>Affected TIBOR Rate</u>": as defined in <u>Subsection 4.7</u>.

"<u>Affiliate</u>": as to any specified Person, any other Person, directly or indirectly, controlling or controlled by or under direct or indirect common control with such specified Person. For the purposes of this definition, "control" when used with respect to any Person means the power to direct the management and policies of such Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise; and the terms "<u>controlling</u>" and "<u>controlled</u>" have meanings correlative to the foregoing. "<u>Affiliate Transaction</u>": as defined in <u>Subsection 8.5(a)</u>.

"<u>Agents</u>": the collective reference to the Administrative Agent and the Collateral Agent and "<u>Agent</u>" shall mean any of them.

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"<u>Aggregate Outstanding Revolving Credit</u>": as to any Lender at any time, an amount equal to the sum of (<u>a</u>) the aggregate principal amount of all Revolving Loans made by such Lender then outstanding (including, without limitation, in the case of Revolving Loans then outstanding in any Designated Foreign Currency, the Dollar Equivalent of the aggregate principal amount thereof), (<u>b</u>) such Lender's Revolving Commitment Percentage of the L/C-B/A Obligations then outstanding and (<u>c</u>) such Lender's Revolving Commitment Percentage of the Swing Line Loans then outstanding.

"<u>Agreed Currencies</u>": Dollars and each Designated Foreign Currency.

"<u>Agreement</u>": this Credit Agreement, as amended, supplemented, waived or otherwise modified from time to time.

"<u>Amendment</u>": as defined in <u>Subsection 8.3(c)</u>.

"<u>Ancillary Fees</u>": as defined in <u>Subsection 11.1(a)(xiii)</u>.

"<u>Anti-Corruption Laws</u>": all laws, rules and regulations of any jurisdiction applicable to the Parent Borrower or its Subsidiaries from time to time concerning or relating to bribery or corruption.

"<u>Anti-Terrorism Laws</u>": any and all applicable laws relating to terrorism, trade Sanctions and embargoes, and money laundering, all as amended, supplemented or replaced from time to time.

"<u>Applicable Commitment Fee Percentage</u>": during the period from the Closing Date until the first Adjustment Date thereafter, 0.55% per annum. The Applicable Commitment Fee Percentage will be adjusted on each Adjustment Date to the applicable rate per annum set forth under the heading "Applicable Commitment Fee Percentage" on the Pricing Grid which corresponds to the Consolidated Total Leverage Ratio determined from the financial statements and Compliance Certificate relating to the end of the fiscal quarter immediately preceding such Adjustment Date; <u>provided</u> that in the event that the financial statements required to be delivered pursuant to <u>Subsection 7.1(a)</u> or <u>7.1(b)</u>, as applicable, and the related Compliance Certificate required to be delivered pursuant to <u>Subsection 7.2(a)</u>, are not delivered when due, then:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) if such financial statements and Compliance Certificate are delivered after the date such financial statements and Compliance Certificate were required to be delivered (without giving effect to any applicable cure period) and the Applicable Commitment Fee Percentage increases from that previously in effect as a result of the delivery of such financial statements and Compliance Certificate, then the Applicable Commitment Fee Percentage during the period from the date upon which such financial statements and Compliance Certificate were required to be delivered (without giving effect to any applicable cure period) until the date upon which they actually are delivered shall, except as otherwise provided in clause (3) below, be the Applicable Commitment Fee Percentage as so increased;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) if such financial statements and Compliance Certificate are delivered after the date such financial statements and Compliance Certificate were required to be delivered and the Applicable Commitment Fee Percentage decreases from that previously in effect as a result of the delivery of such financial statements and Compliance Certificate, then such decrease in the Applicable Commitment Fee Percentage shall not become applicable until the date upon which the financial statements and Compliance Certificate are delivered; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) if such financial statements and Compliance Certificate are not delivered prior to the expiration of the applicable cure period, then, effective upon such expiration, for the period from the date upon which such financial statements and Compliance Certificate were required to be delivered (after the expiration of the applicable cure period) until the date that is three Business Days following the date upon which they actually are delivered, the Applicable Commitment Fee Percentage shall be 0.55% per annum (it being understood that the foregoing shall not limit the rights of the Administrative Agent and the Lenders set forth in <u>Section</u> <u>9</u>).

"<u>Applicable Discount</u>": as defined in <u>Subsection 4.4(l)(iii)(2)</u>.

"<u>Applicable Foreign Loan Party Documents</u>": as defined in <u>Section</u> <u>5.25(a)</u>.

"<u>Applicable Margin</u>": in respect of (<u>a</u>) Initial Revolving Loans and Swing Line Loans during the period from the Closing Date until the first Adjustment Date thereafter (<u>i</u>) with respect to Base Rate Loans and Canadian Prime Rate Loans, 2.25% per annum, and (<u>ii</u>) with respect to Term Benchmark Loans and RFR Loans, 3.25% per annum and (<u>b</u>) Initial Term Loans (<u>i</u>) with respect to Base Rate Loans, 2.50% per annum, and (<u>ii</u>) with respect to Term Benchmark Loans, 3.50% per annum. The Applicable Margins with respect to Revolving Loans and Swing Line Loans will be adjusted on each Adjustment Date to the applicable rate per annum set forth under the heading "Applicable Margin for Base Rate Loans and Canadian Prime Rate Loans" or "Applicable Margin for Term Benchmark Loans and RFR Loans" on the Pricing Grid which corresponds to the Consolidated Total Leverage Ratio determined from the financial statements and Compliance Certificate relating to the end of the fiscal quarter immediately preceding such Adjustment Date; <u>provided</u> that in the event that the financial statements required to be delivered pursuant to <u>Subsection 7.1(a)</u> or <u>7.1(b)</u>, as applicable, and the related Compliance Certificate required to be delivered pursuant to <u>Subsection 7.2(a)</u>, are not delivered when due, then:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) if such financial statements and Compliance Certificate are delivered after the date such financial statements and Compliance Certificate were required to be delivered (without giving effect to any applicable cure period) and the Applicable Margin increases from that previously in effect as a result of the delivery of such financial statements and Compliance Certificate, then the Applicable Margin in respect of Revolving Loans and Swing Line Loans during the period from the date upon which such financial statements and Compliance Certificate were required to be delivered (without giving effect to any applicable cure period) until the date upon which they actually are delivered shall, except as otherwise provided in clause (3) below, be the Applicable Margin as so increased;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) if such financial statements and Compliance Certificate are delivered after the date such financial statements and Compliance Certificate were required to be delivered and the Applicable Margin decreases from that previously in effect as a result of the delivery of such financial statements, then such decrease in the Applicable Margin shall not become applicable until the date upon which the financial statements and Compliance Certificate are delivered; and

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) if such financial statements and Compliance Certificate are not delivered prior to the expiration of the applicable cure period, then, effective upon such expiration, for the period from the date upon which such financial statements and Compliance Certificate were required to be delivered (after the expiration of the applicable cure period) until the three Business Days following the date upon which they actually are delivered, the Applicable Margin with respect to Revolving Loans and Swing Line Loans shall be 2.25% per annum, in the case of Base Rate Loans and Canadian Prime Rate Loans, and 3.25% per annum, in the case of Term Benchmark Loans and RFR Loans (it being understood that the foregoing shall not limit the rights of the Administrative Agent and the Lenders set forth in <u>Section</u> <u>9</u>).

"<u>Applicant Borrower</u>": as defined in <u>Subsection 2.13(a)</u>.

"<u>Approved Borrower Portal</u>" as defined in <u>Subsection 10.17(a)</u>.

"<u>Approved Electronic Platform</u>" as defined in <u>Subsection 10.17(f)</u>.

"<u>Approved Commercial Bank</u>": a commercial bank with a consolidated combined capital and surplus of at least $5,000,000,000.

"<u>Approved Fund</u>": as defined in <u>Subsection 11.6(b)</u>.

"<u>Approved Restructuring Charges</u>": (i) cash or non-cash restructuring charges incurred by the Parent Borrower and/or its Subsidiaries in an aggregate amount not to exceed $350,000,000 for the term of this Agreement and (ii) non-cash restructuring charges incurred by the Parent Borrower and/or its Subsidiaries.

"<u>Asset Disposition</u>": any sale, lease, transfer, Division or other disposition of shares of Capital Stock of a Restricted Subsidiary (other than directors' qualifying shares, or (in the case of a Foreign Subsidiary) to the extent required by any applicable Requirement of Law), property or other assets (each referred to for the purposes of this definition as a "<u>disposition</u>") by the Parent Borrower or any of its Restricted Subsidiaries (including any disposition by means of a merger, consolidation or similar transaction) other than (<u>i</u>) a disposition to the Parent Borrower or a Restricted Subsidiary, (<u>ii</u>) a disposition in the ordinary course of business (including in connection with any factoring agreement or similar arrangements), (<u>iii</u>) a disposition of Cash Equivalents, Investment Grade Securities or Temporary Cash Investments, (<u>iv</u>) the sale or discount (with or without recourse, and on customary or commercially reasonable terms, as determined in good faith by the Borrower Representative, which determination shall be conclusive) of accounts receivable or notes receivable (including ancillary rights pertaining thereto) which have arisen in the ordinary course of business, or the conversion or exchange of accounts receivable for notes receivable, (<u>v</u>) any Restricted Payment Transaction, (<u>vi</u>) a disposition that is governed by <u>Subsection 8.7</u>, (<u>vii</u>) any Financing Disposition, (<u>viii</u>) any "fee in lieu" or other disposition of assets to any Governmental Authority that continue in use by the Parent

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Borrower or any Restricted Subsidiary, so long as the Parent Borrower or such Restricted Subsidiary may obtain title to such assets upon reasonable notice by paying a nominal fee, (<u>ix</u>) any exchange of property pursuant to or intended to qualify under Section 1031 (or any successor section) of the Code, or any exchange of equipment to be leased, rented or otherwise used in a Related Business, (<u>x</u>) any financing transaction with respect to property built or acquired by the Parent Borrower or any Restricted Subsidiary after the Closing Date, including any sale/leaseback transaction or asset securitization, (<u>xi</u>) any disposition arising from foreclosure, condemnation, eminent domain, compulsory purchase, enforcement or similar action with respect to any property or other assets, or exercise of termination rights under any lease, license, concession or other agreement, or necessary or advisable (as determined by the Borrower Representative in good faith, which determination shall be conclusive) in order to consummate any acquisition of (or any merger, consolidation, amalgamation or other business combination with or into) any Person, business or assets, or pursuant to buy/sell arrangements under any joint venture or similar agreement or arrangement, or of non-core assets acquired in connection with any acquisition of any Person, business or assets or any Investment, (<u>xii</u>) any disposition of Capital Stock, Indebtedness or other securities of an Unrestricted Subsidiary, (<u>xiii</u>) a disposition of Capital Stock of a Restricted Subsidiary pursuant to an agreement or other obligation with or to a Person (other than the Parent Borrower or a Restricted Subsidiary) from whom such Restricted Subsidiary was acquired, or from whom such Restricted Subsidiary acquired its business and assets (having been newly formed in connection with such acquisition), entered into in connection with such acquisition, (<u>xiv</u>) a disposition of not more than 5.0% of the outstanding Capital Stock of a Foreign Subsidiary that has been approved by the Board of Directors, (<u>xv</u>) any disposition or series of related dispositions for aggregate consideration not to exceed the greater of $65,000,000 and 15.0% of Four Quarter Consolidated EBITDA (as of the date on which a binding commitment for such disposition was entered into), (<u>xvi</u>) the abandonment or other disposition of patents, patent applications, trademarks (whether or not registered, and including applications for trademark registration) or other intellectual property that are, in the good faith determination of the Borrower Representative, which determination shall be conclusive, no longer economically practicable to maintain or useful in the conduct of the business of the Parent Borrower and its Subsidiaries taken as a whole, (<u>xvii</u>) any license, sublicense or other grant of rights in or to any trademark, copyright, patent or other intellectual property, (<u>xviii</u>) any Exempt Sale and Leaseback Transaction, (<u>xix</u>) the creation or granting of any Lien permitted under this Agreement, (<u>xx</u>) any sale of property or assets, if the acquisition of such property or assets was financed with Excluded Contributions, (<u>xxi</u>) transfers of property subject to Recovery Events; (<u>xxii</u>) any surrender or waiver of contractual rights and settlement or waiver of contractual or litigation claims in the ordinary course of business, (<u>xxiii</u>) any issuance by the Parent Borrower of Capital Stock or (<u>xxiv</u>) the Royal Divestiture.

"<u>Assignee</u>": as defined in <u>Subsection 11.6(b)(i)</u>.

"<u>Assignment and Acceptance</u>": an Assignment and Acceptance, substantially in the form of <u>Exhibit E</u> hereto.

"<u>Auto-Extension Letter of Credit</u>": as defined in <u>Subsection 2.6(j)</u>.

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"<u>Available Restricted Debt Payments Amount</u>": at any time, (<u>i</u>) the amount of Restricted Payments of the type described in clause (iii) of the definition thereof that may be made at the time of determination pursuant to <u>Subsection 8.2(b)(xiv)(z)(1)</u> minus (<u>ii</u>) the amount of Investments outstanding pursuant to clause (xviii)(z) of the definition of Permitted Investment from utilization of the Available Restricted Debt Payments Amount.

"<u>Available Restricted Payments Amount</u>": at any time, (<u>i</u>) the amount of Restricted Payments that may be made at the time of determination pursuant to <u>Subsection 8.2(b)(vi)</u> minus (<u>ii</u>) the sum (without duplication) of (<u>a</u>) the amount of Investments outstanding pursuant to clause (xviii)(y) of the definition of Permitted Investment from utilization of the Available Restricted Payments Amount and (<u>b</u>) the amount of the Available Restricted Payments Amount utilized by the Parent Borrower or any Restricted Subsidiary to make Restricted Payments of the type described in clause (iii) of the definition thereof pursuant to <u>Subsection 8.2(b)(xiv)(z)(2)</u>.

"<u>Available Revolving Commitment</u>": as to any Lender at any time, an amount equal to the excess, if any, of (<u>a</u>) the aggregate amount of such Lender's Revolving Commitments at such time over (<u>b</u>) the sum of (<u>i</u>) the aggregate unpaid principal amount at such time of all Revolving Loans made by such Lender (including, without limitation, in the case of Revolving Loans made by such Lender in any Designated Foreign Currency, the Dollar Equivalent of the aggregate unpaid principal amount thereof), (<u>ii</u>) an amount equal to such Lender's Revolving Commitment Percentage of the aggregate unpaid principal amount at such time of all Swing Line Loans; <u>provided</u> that for purposes of calculating Available Revolving Commitments pursuant to <u>Subsection 4.5(c)</u> such amount in this clause (b)(ii) shall be zero, and (<u>iii</u>) an amount equal to such Lender's Revolving Commitment Percentage of the outstanding L/C-B/A Obligations at such time; collectively, as to all the Lenders, the "<u>Available Revolving Commitments</u>".

"<u>Available Tenor</u>": as of any date of determination and with respect to the then-current Benchmark for any Agreed Currency, as applicable, any tenor for such Benchmark (or component thereof) or payment period for interest calculated with reference to such Benchmark (or component thereof), as applicable, that is or may be used for determining the length of an Interest Period for any term rate or otherwise, for determining any frequency of making payments of interest calculated pursuant to this Agreement as of such date and not including, for the avoidance of doubt, any tenor for such Benchmark that is then-removed from the definition of "Interest Period" pursuant to clause (f) of <u>Subsection 4.7</u>.

"<u>Bail-In Action</u>": the exercise of any Write-Down and Conversion Powers by the applicable Resolution Authority in respect of any liability of an Affected Financial Institution.

"<u>Bail-In Legislation</u>": (<u>a</u>) with respect to any EEA Member Country implementing Article 55 of the Bank Recovery and Resolution Directive, the implementing law for such EEA Member Country from time to time which is described in the EU Bail-In Legislation Schedule or (<u>b</u>) 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).

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"<u>Bank Products Agreement</u>": any agreement pursuant to which a bank or other financial institution or other Person agrees to provide (<u>a</u>) treasury services, (<u>b</u>) credit card, debit card, merchant card, purchasing card, stored value card, non-card electronic payable or other similar services (including the processing of payments and other administrative services with respect thereto), (<u>c</u>) cash management or related services (including controlled disbursements, automated clearinghouse transactions, return items, netting, overdrafts, depository, lockbox, stop payment, electronic funds transfer, information reporting, wire transfer and interstate depository network services) and (<u>d</u>) other banking, financial or treasury products or services as may be requested by the Parent Borrower or any Restricted Subsidiary (other than letters of credit and other than loans and advances except indebtedness arising from services described in clauses (a) through (c) of this definition), including, for the avoidance of doubt, bank guarantees.

"<u>Bank Products Obligations</u>": of any Person means the obligations of such Person pursuant to any Bank Products Agreement.

"<u>Bank Recovery and Resolution Directive</u>": Directive 2014/59/EU of the European Parliament and of the Council of the European Union.

"<u>Bankers' Acceptances</u>": as defined in <u>Subsection 2.6(a)</u>.

"<u>Bankruptcy Proceeding</u>": as defined in <u>Subsection 11.6(h)(iv)</u>.

"<u>Base Rate</u>": for any day, a rate per annum equal to the greatest of (i) the Prime Rate in effect on such day, (ii) the NYFRB Rate in effect on such day plus 0.5% and (iii) the Term SOFR Rate for a one-month Interest Period as published two U.S. Government Securities Business Days prior to such day (or if such day is not a U.S. Government Securities Business Day, the immediately preceding U.S. Government Securities Business Day) plus 1%; <u>provided</u> that, for the purpose of this definition, the Term SOFR Rate for any day shall be based on the Term SOFR Reference Rate at approximately 5:00 a.m. Chicago time on such day (or any amended publication time for the Term SOFR Reference Rate, as specified by the CME Term SOFR Administrator in the Term SOFR Reference Rate methodology). Any change in the Base Rate due to a change in the Prime Rate, the NYFRB Rate or the Term SOFR Rate shall be effective from and including the effective date of such change in the Prime Rate, the NYFRB Rate or the Term SOFR Rate, respectively. If the Base Rate is being used as an alternate rate of interest pursuant to Section 4.7 (for the avoidance of doubt, only until the Benchmark Replacement has been determined pursuant to Section 4.7(b)), then the Base Rate shall be the greater of clauses (i) and (ii) above and shall be determined without reference to clause (iii) above. For the avoidance of doubt, if the Base Rate as determined pursuant to the foregoing would be less than (i) with respect to the Initial Term Facility, 1.50%, such rate shall be deemed to be 1.50% and (ii) with respect to the Initial Revolving Facility, 1.00, such rate shall be deemed to be 1.00%.

"<u>Base Rate Loans</u>": Loans to which the rate of interest applicable is based upon the Base Rate.

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"<u>Benchmark</u>": initially, with respect to any (<u>i</u>) RFR Loan in any Agreed Currency, the applicable Relevant Rate for such Agreed Currency or (<u>ii</u>) Term Benchmark Loan, the Relevant Rate for Dollars or the applicable Designated Foreign Currency; <u>provided</u> that, if a Benchmark Transition Event or a Term CORRA Reelection Event, and its related Benchmark Replacement Date have occurred with respect to the applicable Relevant Rate or the then-current Benchmark for such Agreed Currency, then "Benchmark" means the applicable Benchmark Replacement to the extent that such Benchmark Replacement has replaced such prior benchmark rate pursuant to clause (b) of <u>Subsection 4.7</u>.

"<u>Benchmark Replacement</u>": for any Available Tenor, the first alternative set forth in the order below that can be determined by the Administrative Agent for the applicable Benchmark Replacement Date; <u>provided</u> that, in the case of any Loan denominated in a Designated Foreign Currency (other than any Loan denominated in Canadian Dollars), "Benchmark Replacement" shall mean the alternative set forth in (2) below:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) in the case of any Loan denominated in Dollars, the Daily Simple SOFR and/or in the case of any Loan denominated in Canadian Dollars, the Adjusted Daily Simple RFR for Canadian Dollars;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the sum of: (<u>a</u>) the alternate benchmark rate that has been selected by the Administrative Agent and the Borrower Representative as the replacement for the then-current Benchmark for the applicable Corresponding Tenor giving due consideration to (<u>i</u>) any selection or recommendation of a replacement benchmark rate or the mechanism for determining such a rate by the Relevant Governmental Body or (<u>ii</u>) any evolving or then-prevailing market convention for determining a benchmark rate as a replacement for the then-current Benchmark for syndicated credit facilities denominated in the applicable Designated Foreign Currency at such time in the United States and (<u>b</u>) the related Benchmark Replacement Adjustment;

<u>provided</u> that notwithstanding anything to the contrary in this Agreement or in any other Loan Document, upon the occurrence of a Term CORRA Reelection Event, and the delivery of a Term CORRA Notice, on the applicable Benchmark Replacement Date the "Benchmark Replacement" shall revert to and shall be deemed to be the Adjusted Term CORRA Rate.

If the Benchmark Replacement as determined pursuant to clause (1) or (2) above would be less than 0.00%, the Benchmark Replacement will be deemed to be 0.00% for the purposes of this Agreement and the other Loan Documents.

"<u>Benchmark Replacement Adjustment</u>": with respect to any replacement of the then-current Benchmark with an Unadjusted Benchmark Replacement for any applicable Interest Period and Available Tenor for any setting of such Unadjusted Benchmark Replacement, the spread adjustment, or method for calculating or determining such spread adjustment (which may be a positive or negative value or zero) that has been selected by the Administrative Agent and the Borrower Representative for the applicable Corresponding Tenor giving due consideration to (<u>i</u>) 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

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Replacement by the Relevant Governmental Body on the applicable Benchmark Replacement Date and/or (<u>ii</u>) 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 syndicated credit facilities denominated in the applicable Agreed Currency at such time.

"<u>Benchmark Replacement Conforming Changes</u>": with respect to any Benchmark Replacement and/or any Term Benchmark Loan denominated in Dollars, any technical, administrative or operational changes (including changes to the definition of "Base Rate," the definition of "Business Day," the definition of "U.S. Government Securities Business Day," the definition of "RFR Business Day," the definition of "Interest Period," timing and frequency of determining rates and making payments of interest, timing of borrowing requests or prepayment, conversion or continuation notices, length of lookback periods, the applicability of breakage provisions, and other technical, administrative or operational matters) that the Administrative Agent, with the consent of the Borrower Representative, decides in its reasonable discretion may be appropriate to reflect the adoption and implementation of such Benchmark and to permit the administration thereof by the Administrative Agent in a manner substantially consistent with market practice (or, if the Administrative Agent decides that adoption of any portion of such market practice is not administratively feasible or if the Administrative Agent determines that no market practice for the administration of such Benchmark exists, in such other manner of administration as the Administrative Agent decides, with the consent of the Borrower Representative, is reasonably necessary in connection with the administration of this Agreement and the other Loan Documents).

"<u>Benchmark Replacement Date</u>": with respect to any Benchmark, the earliest to occur of the following events with respect to such then-current Benchmark:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) in the case of clause (1) or (2) of the definition of "Benchmark Transition Event," the later of (<u>a</u>) the date of the public statement or publication of information referenced therein and (<u>b</u>) 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);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) in the case of clause (3) of the definition of "Benchmark Transition Event," the first date on which such Benchmark (or the published component used in the calculation thereof) has been or, if such Benchmark is a term rate, all Available Tenors of such Benchmark (or component thereof) have been determined and announced by the regulatory supervisor for the administrator of such Benchmark (or such component thereof) to be no longer representative; <u>provided</u> that such non-representativeness will be determined by reference to the most recent statement or publication referenced in such clause (3) and even if such Benchmark (or component thereof) or, if such Benchmark is a term rate, any Available Tenor of such Benchmark (or such component thereof) continues to be provided on such date; or

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) in the case of a Term CORRA Reelection Event, the date that is thirty (30) days after the date a Term CORRA Notice (if any) is provided to the Lenders and the Borrower Representative pursuant to Section 4.7(c).

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

"<u>Benchmark Transition Event</u>": with respect to any Benchmark, the occurrence of one or more of the following events with respect to such then-current Benchmark:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) 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 such Benchmark (or such component thereof) or, if such Benchmark is a term rate, any Available Tenor of such Benchmark (or such component thereof);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) 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 Board, the NYFRB, the CME Term SOFR Administrator, the CORRA Administrator, the central bank for the Agreed Currency applicable to such Benchmark, 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), in each case, which states that the administrator of such Benchmark (or such component) has ceased or will cease to provide such Benchmark (or such component thereof) or, if such Benchmark is a term rate, 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 such Benchmark (or such component thereof) or, if such Benchmark is a term rate, any Available Tenor of such Benchmark (or such component thereof); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) 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) announcing that such Benchmark (or such component thereof) or, if such Benchmark is a term rate, all Available Tenors of such Benchmark (or such component thereof) are no longer, or as of a specified future date will no longer be, representative.

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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).

"<u>Benchmark Unavailability Period</u>": with respect to any Benchmark, the period (if any) (<u>x</u>) beginning at the time that a Benchmark Replacement Date pursuant to clauses (1) or (2) of that definition has occurred if, at such time, no Benchmark Replacement has replaced such then-current Benchmark for all purposes hereunder and under any Loan Document and (<u>y</u>) ending at the time that a Benchmark Replacement has replaced such then-current Benchmark for all purposes hereunder and under any Loan Document, in each case in accordance with <u>Subsection 4.7</u>.

"<u>Beneficial Ownership Certification</u>": a certification regarding beneficial ownership or control as required by the Beneficial Ownership Regulation.

"<u>Beneficial Ownership Regulation</u>": 31 C.F.R. § 1010.230.

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

"<u>Benefited Lender</u>": as defined in <u>Subsection 11.7(a)</u>.

"<u>BHC Act Affiliate</u>": the meaning assigned to the term "affiliate" in, and shall be interpreted in accordance with, 12 U.S.C. § 1841(k).

"<u>Board</u>": the Board of Governors of the Federal Reserve System.

"<u>Board of Directors</u>": for any Person, the board of directors or other governing body of such Person or, if such Person does not have such a board of directors or other governing body and is owned or managed by a single entity, the board of directors or other governing body of such entity, or, in either case, any committee thereof duly authorized to act on behalf of such board of directors or other governing body. Unless otherwise provided, "Board of Directors" means the Board of Directors of the Parent Borrower.

"<u>Borrower Communications</u>": collectively, any Borrowing Request, Interest Election Request, notice of prepayment, notice requesting the issuance, amendment or extension of a Letter of Credit or Bankers' Acceptance or other notice, demand, communication, information, document or other material provided by or on behalf of the any Loan Party pursuant to any Loan Document or the transactions contemplated therein which is distributed by the Borrower Representative to the Administrative Agent through an Approved Borrower Portal.

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"<u>Borrower Offer of Specified Discount Prepayment</u>": the offer by the Borrower Representative to make a voluntary prepayment of Term Loans at a specified discount to par pursuant to <u>Subsection 4.4(l)(ii)</u>.

"<u>Borrower Representative</u>": the Parent Borrower or such other Borrower as may be designated as the "Borrower Representative" by the Borrowers from time to time, in each case in its capacity as Borrower Representative pursuant to the provisions of <u>Subsection 1.3</u>.

"<u>Borrower Solicitation of Discount Range Prepayment Offers</u>": the solicitation by the Borrower Representative of offers for, and the corresponding acceptance, if any, by a Lender of a voluntary prepayment of Term Loans at a specified range at a discount to par pursuant to <u>Subsection</u> <u>4.4(l)(iii)</u>.

"<u>Borrower Solicitation of Discounted Prepayment Offers</u>": the solicitation by the Borrower Representative of offers for, and the subsequent acceptance, if any, by a Lender of a voluntary prepayment of Term Loans at a discount to par pursuant to <u>Subsection 4.4(l)(iv)</u>.

"<u>Borrowers</u>" and "<u>Borrower</u>": as defined in the Preamble hereto.

"<u>Borrowing</u>": the borrowing of one Type of Loan of a single Tranche and currency from all the Lenders having Commitments or other commitments of the respective Tranche on a given date (or resulting from a conversion or conversions on such date) having, in the case of Term Benchmark Loans and RFR Loans, the same Interest Period.

"<u>Borrowing Date</u>": any Business Day specified in a notice delivered pursuant to either <u>Subsection</u> <u>2.3</u> or <u>Subsection</u> <u>2.4</u>, as applicable, as a date on which the Borrower Representative requests the Lenders to make Loans hereunder.

"<u>Borrowing Request</u>": as defined in <u>Subsection 2.4(a)</u>.

"<u>Business Day</u>": as applicable, (<u>A</u>) any day (other than a Saturday or a Sunday) on which banks are open for business in New York City, (<u>B</u>) in relation to Loans referencing the Term SOFR Rate and any interest rate settings, fundings, disbursements, settlements or payments of any such Loans referencing the Term SOFR Rate or any other dealings of such Loans referencing the Term SOFR Rate, any such day that is a U.S. Government Securities Business Day, (<u>C</u>) in relation to Loans denominated in Canadian Dollars and in relation to the calculation or computation of CORRA or the Canadian Prime Rate, any day (other than a Saturday or a Sunday) on which banks are open for business in Canada, (<u>D</u>) in relation to Loans denominated in Yen and in relation to the calculation or computation of TIBOR, any day (other than a Saturday or a Sunday) on which banks are open for business in Japan, (<u>E</u>) in relation to Loans denominated in Hong Kong Dollars and in relation to the calculation or computation of HIBOR, any day (other than a Saturday or a Sunday) on which banks are open for business in Hong Kong, (<u>F</u>) in relation to Loans denominated in Euros and in relation to the calculation or computation of EURIBOR, any day which is a TARGET Day and (<u>G</u>) in relation to RFR Loans and any interest rate settings, fundings, disbursements, settlements or payments of any such RFR Loan, or any other dealings in the applicable Agreed Currency of such RFR Loan, any such day that is only an RFR Business Day.

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"<u>Canadian Dollars</u>" and "<u>C$</u>": the lawful currency of Canada.

"<u>Canadian Prime Rate</u>": on any day, the rate determined by the Administrative Agent to be the rate equal to the PRIMCAN Index rate that appears on the Bloomberg screen at 10:15 a.m. Toronto time on such day (or, in the event that the PRIMCAN Index is not published by Bloomberg, any other information services that publishes such index from time to time, as selected by the Administrative Agent in its reasonable discretion); provided, that if any the above rates shall be less than 0%, such rate shall be deemed to be 0% for purposes of this Agreement. Any change in the Canadian Prime Rate due to a change in the PRIMCAN Index shall be effective from and including the effective date of such change in the PRIMCAN Index.

"<u>Canadian Prime Rate Loans</u>": Loans to which the rate of interest applicable is based upon the Canadian Prime Rate.

"<u>Capital Expenditures</u>": for any period, the aggregate of all expenditures (whether paid in cash or accrued as liabilities and including in all events all amounts expended or capitalized under leases evidencing Financing Lease Obligations) by the Parent Borrower and the Restricted Subsidiaries during such period that, in conformity with GAAP, are or are required to be included as capital expenditures on a consolidated statement of cash flows of the Parent Borrower.

"<u>Capital Stock</u>": as to any Person, any and all shares or units of, rights to purchase, warrants or options for, or other equivalents of or interests in (however designated) equity of such Person, including any Preferred Stock, but excluding any debt securities convertible into such equity.

"<u>Captive Insurance Subsidiary</u>": any Subsidiary of the Parent Borrower that is subject to regulation as an insurance company (or any Subsidiary thereof).

"<u>Cash Capped Incremental Facility</u>": as defined in the definition of "Maximum Incremental Facilities Amount".

"<u>Cash Equivalents</u>": any of the following: (<u>a</u>) money, (<u>b</u>) securities issued or fully guaranteed or insured by the United States of America, Canada, the United Kingdom, Switzerland or a member state of the European Union or any agency or instrumentality of any thereof, (<u>c</u>) time deposits, certificates of deposit or bankers' acceptances of (<u>i</u>) any bank or other institutional lender under this Agreement or any affiliate thereof or (<u>ii</u>) any commercial bank having capital and surplus in excess of $250,000,000 (or the foreign currency equivalent thereof as of the date of such investment) and the commercial paper of the holding company of which is rated at least A-2 or the equivalent thereof by S&P or at least P-2 or the equivalent thereof by Moody's (or, if at such time neither is issuing ratings, a comparable rating of another nationally recognized rating agency), (<u>d</u>) repurchase obligations with a term of not more than seven days for underlying securities of the types described in clauses (b) and (c) above entered into with any financial institution meeting the qualifications specified in clause (c)(i) or (c)(ii) above, (<u>e</u>) money market instruments, commercial paper or other short-term

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obligations rated at least A-2 or the equivalent thereof by S&P or at least P-2 or the equivalent thereof by Moody's (or, if at such time neither is issuing ratings, a comparable rating of another nationally recognized rating agency), (<u>f</u>) investments in money market funds subject to the risk limiting conditions of Rule 2a-7 or any successor rule of the SEC under the Investment Company Act of 1940, as amended, (<u>g</u>) investment funds investing at least 90.0% of their assets in cash equivalents of the types described in clauses (a) through (f) above (which funds may also hold cash pending investment and/or distribution), (<u>h</u>) investments similar to any of the foregoing denominated in foreign currencies approved by the Board of Directors, (<u>i</u>) short-term marketable debt securities and (<u>j</u>) solely with respect to any Captive Insurance Subsidiary, any investment that any such Person is permitted to make in accordance with applicable law.

"<u>CBR Spread</u>": the Applicable Margin, applicable to such Loan that is replaced by a CBR Loan.

"<u>CDD Rule</u>": the Customer Due Diligence Requirements for Financial Institutions issued by the U.S. Department of Treasury Financial Crimes Enforcement Network under the Bank Secrecy Act (such rule published May 11, 2016 and effective May 11, 2018, as amended from time to time).

"<u>Central Bank Rate</u>": (<u>A</u>) the greater of (<u>i</u>) for any Loan denominated in (<u>a</u>) Sterling, the Bank of England (or any successor thereto)'s "Bank Rate" as published by the Bank of England (or any successor thereto) from time to time, (<u>b</u>) Euro, one of the following three rates as may be selected by the Administrative Agent in its reasonable discretion: (<u>1</u>) the fixed rate for the main refinancing operations of the European Central Bank (or any successor thereto), or, if that rate is not published, the minimum bid rate for the main refinancing operations of the European Central Bank (or any successor thereto), each as published by the European Central Bank (or any successor thereto) from time to time, (<u>2</u>) the rate for the marginal lending facility of the European Central Bank (or any successor thereto), as published by the European Central Bank (or any successor thereto) from time to time or (<u>3</u>) the rate for the deposit facility of the central banking system of the Participating Member States, as published by the European Central Bank (or any successor thereto) from time to time, (<u>c</u>) Swiss Francs, the policy rate of the Swiss National Bank (or any successor thereto) as published by the Swiss National Bank (or any successor thereto) from time to time, and (<u>d</u>) any other Designated Foreign Currency, a central bank rate as determined by the Administrative Agent in its reasonable discretion and (<u>ii</u>) 0.0%; <u>plus</u> (<u>B</u>) the applicable Central Bank Rate Adjustment.

"<u>Central Bank Rate Adjustment</u>": for any day, for any Loan denominated in (<u>a</u>) Euro, a rate equal to the difference (which may be a positive or negative value or zero) of (<u>i</u>) the average of the Adjusted EURIBOR Rate for the five most recent Business Days preceding such day for which the EURIBOR Screen Rate was available (excluding, from such averaging, the highest and the lowest Adjusted EURIBOR Rate applicable during such period of five Business Days) <u>minus</u> (<u>ii</u>) the Central Bank Rate in respect of Euro in effect on the last Business Day in such period, (<u>b</u>) Sterling, a rate equal to the difference (which may be a positive or negative value or zero) of (<u>i</u>) the average of Adjusted Daily Simple RFR for RFR Borrowings for the five most recent RFR Business Days preceding such day for which Adjusted Daily Simple RFR for Sterling Borrowings was available (excluding, from

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such averaging, the highest and the lowest such Adjusted Daily Simple RFR applicable during such period of five RFR Business Days) <u>minus</u> (<u>ii</u>) the Central Bank Rate in respect of Sterling in effect on the last RFR Business Day in such period, (<u>c</u>) Swiss Francs, a rate equal to the difference (which may be a positive or negative value or zero) of (i) the average of Adjusted Daily Simple RFR for Swiss Franc Borrowings for the five most recent RFR Business Days preceding such day for which SARON was available (excluding, from such averaging, the highest and the lowest such Adjusted Daily Simple RFR applicable during such period of five RFR Business Days) minus (ii) the Central Bank Rate in respect of Swiss Francs in effect on the last RFR Business Day in such period and (<u>d</u>) any other Designated Foreign Currency, a Central Bank Rate Adjustment as determined by the Administrative Agent in its reasonable discretion. For purposes of this definition, (<u>x</u>) the term Central Bank Rate shall be determined disregarding clause (B) of the definition of such term and (<u>y</u>) the EURIBOR Rate on any day shall be based on the EURIBOR Screen Rate on such day at approximately the time referred to in the definition of such term for deposits in the applicable Designated Foreign Currency for a maturity of one month; <u>provided</u> that if such rate shall be less than 0.00%, such rate shall be deemed to be 0.00%.

"<u>Change in Law</u>": as defined in clause (<u>e</u>) of the definition of Excluded Taxes.

"<u>Change of Control</u>": (<u>i</u>) any "person" or "group" (as such terms are used in Sections 13(d) and 14(d) of the Exchange Act as in effect on the Closing Date), other than one or more Permitted Holders, shall be the "beneficial owner" of shares or units of Voting Stock having more than 35.0% of the total voting power of all outstanding shares of the Parent Borrower or (<u>ii</u>) a "Change of Control" as defined in the documentation relating to Other Secured Debt (or any indenture, credit agreement or other agreement governing Refinancing Indebtedness in respect of the Other Secured Debt, and in each case relating to Indebtedness in an aggregate outstanding principal amount equal to or greater than the greater of $86,000,000 and 20.0% of Four Quarter Consolidated EBITDA).

"<u>Change of Control Offer</u>": as defined in <u>Subsection 8.8(a)</u>.

"<u>Claim</u>": as defined in <u>Subsection 11.6(h)(iv)</u>.

"<u>Closing Date</u>": the date on which all the conditions precedent set forth in <u>Subsection 6.1</u> shall be satisfied or waived.

"<u>Closing Date Material Adverse Effect</u>": a "Material Adverse Effect" (as defined in the Keystone Purchase Agreement).

"<u>CME Term SOFR Administrator</u>": CME Group Benchmark Administration Limited as administrator of the forward-looking term Secured Overnight Financing Rate (SOFR) (or a successor administrator).

"<u>Code</u>": the Internal Revenue Code of 1986, as amended from time to time.

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"<u>Collateral Agent</u>": as defined in the Preamble hereto and shall include any successor to the Collateral Agent appointed pursuant to <u>Subsection 10.9</u>.

"<u>Collateral Representative</u>": (<u>i</u>) if the Intercreditor Agreement is then in effect, the Senior Priority Representative (as defined therein) and (<u>ii</u>) if any Other Intercreditor Agreement is then in effect, the Person acting as representative for the Collateral Agent and the Secured Parties thereunder for the applicable purpose contemplated by this Agreement and the Security Documents.

"<u>Collection Amounts</u>": as defined in <u>Subsection 10.14</u>.

"<u>Commercial Letter of Credit</u>": as defined in <u>Subsection 2.6(a)(iii)(x)(B)</u>.

"<u>Commitment</u>": as to any Lender, such Lender's Initial Term Loan Commitments, Incremental Commitments, Initial Revolving Commitments, Extended Revolving Commitments and Specified Refinancing Revolving Commitment, as the context requires.

"<u>Committed Lenders</u>": JPMorgan Chase Bank, N.A., PNC Bank, National Association, Wells Fargo Bank, N.A., Citizens Bank, N.A., Deutsche Bank AG New York Branch, KeyBank National Association, Mizuho Bank, Ltd., M&T Bank, Royal Bank of Canada, Sumitomo Mitsui Banking Corporation, Truist Bank, UBS AG, Stamford Branch, Fifth Third Bank, National Association and HSBC Bank USA, National Association.

"<u>Commodities Agreement</u>": in respect of a Person, any commodity futures contract, forward contract, option or similar agreement or arrangement (including derivative agreements or arrangements), as to which such Person is a party or beneficiary.

"<u>Commonly Controlled Entity</u>": an entity, whether or not incorporated, which is under common control with the Parent Borrower within the meaning of Section 4001 of ERISA or is part of a group which includes the Parent Borrower and which is treated as a single employer under Section 414(b) or (c) of the Code or, solely for purposes of Section 302 of ERISA and Section 412 of the Code, is treated as a single employer under Sections 414(m) and (o) of the Code.

"<u>Compliance Certificate</u>": as defined in <u>Subsection 7.2(a)</u>.

"<u>Conduit Lender</u>": any special purpose corporation organized and administered by any Lender for the purpose of making Loans otherwise required to be made by such Lender and designated by such Lender in a written instrument delivered to the Administrative Agent (a copy of which shall be provided by the Administrative Agent to the Borrower Representative on request); <u>provided</u> that the designation by any Lender of a Conduit Lender shall not relieve the designating Lender of any of its obligations under this Agreement, including its obligation to fund a Loan if, for any reason, its Conduit Lender fails to fund any such Loan, and the designating Lender (and not the Conduit Lender) shall have the sole right and responsibility to deliver all consents and waivers required or requested under this Agreement with respect to its Conduit Lender, and <u>provided</u>, <u>further</u>, that no Conduit Lender shall (<u>a</u>) be entitled to receive any greater amount pursuant to any provision of this Agreement, including <u>Subsection 4.10</u>, <u>4.11</u>, <u>4.12</u> or <u>11.5</u>, than the designating Lender would have been entitled to receive in respect of the extensions of credit made by such Conduit Lender if such designating Lender had not designated such Conduit Lender hereunder, (<u>b</u>) be deemed to have any Commitment or (<u>c</u>) be designated if such designation would otherwise increase the costs of any Facility or Tranche to any Borrower.

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"<u>Consolidated Coverage Ratio</u>": as of any date of determination, the ratio of (<u>i</u>) the aggregate amount of Consolidated EBITDA for the period of the most recent four consecutive fiscal quarters of the Parent Borrower ending prior to the date of such determination for which consolidated financial statements of the Parent Borrower are available to (<u>ii</u>) Consolidated Interest Expense for such four fiscal quarters (in each of the foregoing clauses (i) and (ii), determined for any fiscal quarter (or portion thereof) ending prior to the Closing Date, on a pro forma basis to give effect to the Transactions as if they had occurred at the beginning of such four-quarter period); <u>provided</u> that

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) if, since the beginning of such period, the Parent Borrower or any Restricted Subsidiary has Incurred any Indebtedness or the Parent Borrower has issued any Designated Preferred Stock that remains outstanding on such date of determination or if the transaction giving rise to the need to calculate the Consolidated Coverage Ratio is an Incurrence of Indebtedness by the Parent Borrower or any Restricted Subsidiary or an issuance of Designated Preferred Stock of the Parent Borrower, Consolidated EBITDA and Consolidated Interest Expense for such period shall be calculated after giving effect on a pro forma basis to such Indebtedness or Designated Preferred Stock as if such Indebtedness or Designated Preferred Stock had been Incurred or issued, as applicable, on the first day of such period (except that in making such computation, the amount of Indebtedness under any revolving credit facility outstanding on the date of such calculation shall be computed based on (<u>A</u>) the average daily balance of such Indebtedness during such four fiscal quarters or such shorter period for which such facility was outstanding or (<u>B</u>) if such facility was created after the end of such four fiscal quarters, the average daily balance of such Indebtedness during the period from the date of creation of such facility to the date of such calculation),

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) if, since the beginning of such period, the Parent Borrower or any Restricted Subsidiary has Discharged any Indebtedness or any Designated Preferred Stock of the Parent Borrower, that is no longer outstanding on such date of determination or if the transaction giving rise to the need to calculate the Consolidated Coverage Ratio involves a Discharge of Indebtedness (in each case other than Indebtedness Incurred under any revolving credit facility unless such Indebtedness has been Discharged with an equivalent permanent reduction in commitments thereunder) or a Discharge of Designated Preferred Stock of the Parent Borrower, Consolidated EBITDA and Consolidated Interest Expense for such period shall be calculated after giving effect on a pro forma basis to such Discharge of Indebtedness or Designated Preferred Stock, including with the proceeds of such new Indebtedness or such new Designated Preferred Stock of the Parent Borrower, as if such Discharge had occurred on the first day of such period,

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) if, since the beginning of such period, the Parent Borrower or any Restricted Subsidiary shall have disposed of any company, any business or any group of assets constituting an operating unit of a business, including any such disposition occurring in connection with a transaction causing a calculation to be made hereunder, or designated any Restricted Subsidiary as an Unrestricted Subsidiary (any such disposition or designation, a "<u>Sale</u>"), the Consolidated EBITDA for such period shall be reduced by an amount equal to the Consolidated EBITDA (if positive) attributable to the company, business or group of assets that are the subject of such Sale for such period or increased by an amount equal to the Consolidated EBITDA (if negative) attributable thereto for such period and Consolidated Interest Expense for such period shall be reduced by an amount equal to (<u>A</u>) the Consolidated Interest Expense attributable to any Indebtedness of the Parent Borrower or any Restricted Subsidiary Discharged with respect to the Parent Borrower and its continuing Restricted Subsidiaries in connection with such Sale for such period (including but not limited to through the assumption of such Indebtedness by another Person) plus (<u>B</u>) if the Capital Stock of any Restricted Subsidiary is disposed of in such Sale or any Restricted Subsidiary is designated as an Unrestricted Subsidiary, the Consolidated Interest Expense for such period attributable to the Indebtedness of such Restricted Subsidiary to the extent the Parent Borrower and its continuing Restricted Subsidiaries are no longer liable for such Indebtedness after such Sale,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) if, since the beginning of such period, the Parent Borrower or any Restricted Subsidiary (by merger, consolidation or otherwise) shall have made an Investment in any Person that thereby becomes a Restricted Subsidiary, or otherwise acquired any company, any business or any group of assets constituting an operating unit of a business, including any such Investment or acquisition occurring in connection with a transaction causing a calculation to be made hereunder, or designated any Unrestricted Subsidiary as a Restricted Subsidiary (any such Investment, acquisition or designation, a "<u>Purchase</u>"), Consolidated EBITDA and Consolidated Interest Expense for such period shall be calculated after giving pro forma effect thereto (including the Incurrence of any related Indebtedness) as if such Purchase occurred on the first day of such period, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5) if, since the beginning of such period, any Person became a Restricted Subsidiary or was merged or consolidated with or into the Parent Borrower or any Restricted Subsidiary, and since the beginning of such period such Person shall have Discharged any Indebtedness or made any Sale or Purchase that would have required an adjustment pursuant to clause (2), (3) or (4) above if made by the Parent Borrower or a Restricted Subsidiary since the beginning of such period, Consolidated EBITDA and Consolidated Interest Expense for such period shall be calculated after giving pro forma effect thereto as if such Discharge, Sale or Purchase occurred on the first day of such period.

For purposes of this definition, whenever pro forma effect is to be given to any Sale, Purchase or other transaction, or the amount of income or earnings relating thereto and the amount of Consolidated Interest Expense associated with any Indebtedness Incurred, Designated Preferred Stock issued or Indebtedness or Designated Preferred Stock Discharged in connection therewith, the pro forma calculations in respect thereof (including in respect of anticipated cost savings or synergies relating to any such Sale, Purchase or other transaction) shall be as determined in good faith by the Chief Financial Officer or a Responsible Officer of the Borrower Representative, which determination

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shall be conclusive; <u>provided</u> that with respect to cost savings or synergies relating to any Sale, Purchase or other transaction, the related actions are expected by the Borrower Representative to be taken no later than 36 months after the date of determination. If any Indebtedness bears a floating rate of interest and is being given pro forma effect, the interest expense on such Indebtedness shall be calculated as if the rate in effect on the date of determination had been the applicable rate for the entire period (taking into account any Interest Rate Agreement applicable to such Indebtedness). If any Indebtedness bears, at the option of the Parent Borrower or a Restricted Subsidiary, a rate of interest based on a prime or similar rate, a eurocurrency interbank offered rate or other fixed or floating rate, and such Indebtedness is being given pro forma effect, the interest expense on such Indebtedness shall be calculated by applying such optional rate as the Parent Borrower or such Restricted Subsidiary may designate. If any Indebtedness that is being given pro forma effect was Incurred under a revolving credit facility, the interest expense on such Indebtedness shall be computed based upon the average daily balance of such Indebtedness during the applicable period. Interest on a Financing Lease Obligation shall be deemed to accrue at an interest rate determined in good faith by a responsible financial or accounting officer of the Borrower Representative (which determination shall be conclusive) to be the rate of interest implicit in such Financing Lease Obligation in accordance with GAAP.

"<u>Consolidated EBITDA</u>": for any period, and without duplication, (<u>a</u>) Consolidated Net Income for such period, <u>plus</u> (<u>b</u>) to the extent deducted in calculating Consolidated Net Income and without duplication (<u>i</u>) income taxes expensed during such period, (<u>ii</u>) Consolidated Interest Expense during such period, (<u>iii</u>) depreciation, amortization and other non-cash charges accrued for such period, (<u>iv</u>) Approved Restructuring Charges incurred during such period, (<u>v</u>) non-cash losses from any Asset Disposition, Recovery Event or discontinued operation during such period, (<u>vi</u>) non cash losses arising from mark-to-market hedging arrangements, (<u>vii</u>) all non-recurring premiums, fees, costs and expenses (including, without limitation, any prepayment premiums, bonuses, foreign currency hedging costs incurred in connection with the consideration for any permitted acquisition or other Investment and any loan forgiveness and associated tax gross up payments and fees) incurred or payable by or on behalf of any Borrower or any Subsidiary thereof in connection with any such acquisition or other Investment during such period (excluding the Acquisition), in each case, whether or not such acquisition or other Investment is consummated, (<u>viii</u>) the amount of net cost savings projected by the Borrower Representative in good faith to be realized as the result of actions taken or to be taken on or prior to the date that is thirty-six (36) months after the Closing Date, or thirty-six (36) months after the initiation or consummation of any operational change, or within thirty-six (36) months of the consummation of any applicable acquisition or cessation of operations which was consummated prior to the Closing Date, respectively (calculated on a pro forma basis as though such cost savings had been realized on the first day of such period), net of the amount of actual benefits realized during such period from such actions (which adjustments may be incremental to pro forma adjustments made pursuant to the proviso to the definition of "Consolidated Coverage Ratio", "Consolidated First Lien Leverage Ratio", "Consolidated Secured Leverage Ratio", "Consolidated Total Leverage Ratio" or "Four Quarter Consolidated EBITDA"), (<u>ix</u>) Transaction Costs recorded on or prior to twelve (12) months after the Closing Date in an aggregate amount not to exceed $100,000,000, (<u>x</u>) any extraordinary, unusual or nonrecurring loss or charge, any exceptional, special or infrequent loss or charge and any other loss or charge not in the ordinary course of business (as

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determined by the Parent Borrower in good faith, which determination shall be conclusive) and (<u>xi</u>) adjustments consistent with Regulation S-X or additions of the type reflected in any quality of earnings analysis prepared by independent certified public accountants of nationally recognized standing (it being understood that any "Big Four" accounting firms are of nationally recognized standing) or any other accounting firm reasonably acceptable to the Administrative Agent and delivered to the Administrative Agent in connection with any acquisition of assets (including Capital Stock), including the Acquisition, business or Person, or any merger, amalgamation or consolidation of any Person with or into the Parent Borrower or any Restricted Subsidiary, or any other Investment, in each case that is permitted under this Agreement, <u>minus</u> (c) to the extent such items were added in calculating Consolidated Net Income (<u>i</u>) extraordinary gains during such period, (<u>ii</u>) gains from any Asset Disposition, Recovery Event or discontinued operation during such period, (<u>iii</u>) interest and other income (excluding interest and other income related to CM Insurance Company, Inc.) during such period, (<u>iv</u>) Federal, state, local and foreign income tax credits of the Parent Borrower and its Subsidiaries for such period, and (<u>v</u>) all non-cash items for such period (including, without limitation, non-cash gains arising from mark-to-market hedging arrangements).

"<u>Consolidated First Lien Indebtedness</u>": as of any date of determination, (<u>i</u>) an amount equal to the Consolidated Total Indebtedness (without regard to clause (ii) of the definition thereof) as of such date that, in each case, is then secured by Liens on Collateral (other than (<u>x</u>) Indebtedness secured by a Lien ranking junior to or subordinated to the Liens securing the Senior Secured Facilities Obligations (or, if applicable, the Foreign Senior Secured Facilities Obligations) (but, for the avoidance of doubt, not excluding other Consolidated Total Indebtedness secured by Liens *pari passu* therewith), (<u>y</u>) property or assets held in a defeasance or similar trust or arrangement for the benefit of the Indebtedness secured thereby and (<u>z</u>) Indebtedness that is expressly subordinated in right of payment to the Senior Secured Facilities Obligations (or, if applicable, the Foreign Senior Secured Facilities Obligations)) <u>minus</u> (<u>ii</u>) the sum of (<u>A</u>) the amount of such Indebtedness consisting of Indebtedness of a type referred to in, or Incurred pursuant to, <u>Subsection 8.1(b)(ix)</u> and (<u>B</u>) the Unrestricted Cash of the Parent Borrower and its Restricted Subsidiaries.

"<u>Consolidated First Lien Leverage Ratio</u>": as of any date of determination, the ratio of (<u>i</u>) an amount equal to (<u>x</u>) Consolidated First Lien Indebtedness as at such date (which shall include the L/C-B/A Obligations, other than the L/C-B/A Obligations relating to Commercial Letters of Credit) (after giving effect to any Incurrence or Discharge of Indebtedness on such date), <u>minus</u> (<u>y</u>) Indebtedness in respect of Guarantees by the Parent Borrower permitted under <u>Subsection 8.1(b)(vi)</u> to (<u>ii</u>) the aggregate amount of Consolidated EBITDA for the period of the most recent four consecutive fiscal quarters of the Parent Borrower ending prior to the date of such determination for which consolidated financial statements of the Parent Borrower are available (determined, for any fiscal quarter (or portion thereof) ending prior to the Closing Date, on a pro forma basis to give effect to the Transactions as if they had occurred at the beginning of such four-quarter period), <u>provided</u> that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) if, since the beginning of such period, the Parent Borrower or any Restricted Subsidiary shall have made a Sale (including any Sale occurring in connection with a transaction causing a calculation to be made hereunder), the Consolidated EBITDA for such period shall be reduced by an amount equal to the Consolidated EBITDA (if positive) attributable to the assets that are the subject of such Sale for such period or increased by an amount equal to the Consolidated EBITDA (if negative) attributable thereto for such period;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) if, since the beginning of such period, the Parent Borrower or any Restricted Subsidiary (by merger, consolidation or otherwise) shall have made a Purchase (including any Purchase occurring in connection with a transaction causing a calculation to be made hereunder), Consolidated EBITDA for such period shall be calculated after giving pro forma effect thereto as if such Purchase occurred on the first day of such period; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) if, since the beginning of such period, any Person became a Restricted Subsidiary or was merged or consolidated with or into the Parent Borrower or any Restricted Subsidiary, and since the beginning of such period such Person shall have made any Sale or Purchase that would have required an adjustment pursuant to clause (1) or (2) above if made by the Parent Borrower or a Restricted Subsidiary since the beginning of such period, Consolidated EBITDA for such period shall be calculated after giving pro forma effect thereto as if such Sale or Purchase occurred on the first day of such period;

<u>provided</u> that, (<u>x</u>) in the event that the Borrower Representative shall classify Indebtedness Incurred on the date of determination as secured in part pursuant to clause (k)(1) of the "Permitted Liens" definition in respect of Indebtedness Incurred pursuant to the Ratio Incremental Facility and in part pursuant to such clause (k)(1) in respect of Indebtedness Incurred pursuant to <u>Subsection 8.1(b)(i)</u> (other than pursuant to the Ratio Incremental Facility) or one or more other clauses or subclauses of the definition of "Permitted Liens" (other than clause (s)), as provided in clause (w) of the final paragraph of such definition, any calculation of the Consolidated First Lien Leverage Ratio on such date of determination, including in the definition of "Maximum Incremental Facilities Amount", shall not include any such Indebtedness (and shall not give effect to any Discharge of Indebtedness from the proceeds thereof) not Incurred pursuant to the Ratio Incremental Facility and (<u>y</u>) in the event that the Borrower Representative shall classify Indebtedness Incurred on the date of determination as secured in part pursuant to clause (s) of the "Permitted Liens" definition and in part pursuant to one or more other clause of the definition of "Permitted Liens" (other than clause (k)(1) in respect of Indebtedness Incurred pursuant to the Ratio Incremental Facility), as provided in clause (x) of the final paragraph of such definition, any calculation of the Consolidated First Lien Leverage Ratio on such date of determination shall not include any such Indebtedness (and shall not give effect to any Discharge of Indebtedness from the proceeds thereof) to the extent secured pursuant to any such other clause of such definition.

For purposes of this definition, whenever pro forma effect is to be given to any Sale, Purchase or other transaction, or the amount of income or earnings relating thereto, the pro forma calculations in respect thereof (including in respect of anticipated cost savings or synergies relating to any such Sale, Purchase or other transaction) shall be as determined in good faith by the Chief Financial Officer or another Responsible Officer of the Borrower Representative, which determination shall be conclusive; <u>provided</u> that with respect to cost savings or synergies relating to any Sale, Purchase or other transaction, the related actions are expected by the Borrower Representative to be taken no later than 36 months after the date of determination.

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"<u>Consolidated Interest Expense</u>": for any period, (<u>i</u>) the total interest expense of the Parent Borrower and its Restricted Subsidiaries to the extent deducted in calculating Consolidated Net Income, net of any interest income of the Parent Borrower and its Restricted Subsidiaries, including any such interest expense consisting of (<u>A</u>) interest expense attributable to Financing Lease Obligations (excluding, for the avoidance of doubt, any lease, rental or other expense in connection with a lease that is not a Financing Lease Obligation), (<u>B</u>) amortization of debt discount, (<u>C</u>) interest in respect of Indebtedness of any other Person that has been Guaranteed by the Parent Borrower or any Restricted Subsidiary, but only to the extent that such interest is actually paid by the Parent Borrower or any Restricted Subsidiary, (<u>D</u>) non-cash interest expense, (<u>E</u>) the interest portion of any deferred payment obligation, and (<u>F</u>) commissions, discounts and other fees and charges owed with respect to letters of credit and bankers' acceptance financing, <u>plus</u> (<u>ii</u>) Preferred Stock dividends paid in cash in respect of Disqualified Stock of the Parent Borrower held by Persons other than the Parent Borrower or a Restricted Subsidiary or in respect of Designated Preferred Stock of the Parent Borrower pursuant to <u>Subsection 8.2(b)(xi)(A)</u>, <u>minus</u> (<u>iii</u>) to the extent otherwise included in such interest expense referred to in clause (i) above, Special Purpose Financing Expense, accretion or accrual of discounted liabilities not constituting Indebtedness, expense resulting from discounting of Indebtedness in conjunction with recapitalization or purchase accounting, any "additional interest" in respect of registration rights arrangements for any securities, amortization or write-off of financing costs, and any expensing of bridge, commitment or other financing fees, in each case under clauses (i) through (iii) above as determined on a Consolidated basis in accordance with GAAP; <u>provided</u> that gross interest expense shall be determined after giving effect to any net payments made or received by the Parent Borrower and its Restricted Subsidiaries with respect to Interest Rate Agreements.

"<u>Consolidated Net Income</u>":

for any period, the net income (loss) of the Parent Borrower and its Restricted Subsidiaries, determined on a Consolidated basis in accordance with GAAP and before any reduction in respect of Preferred Stock dividends; <u>provided</u> that, without duplication, there shall not be included in such Consolidated Net Income:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) any net income (loss) of any Person if such Person is not the Parent Borrower or a Restricted Subsidiary, except that (<u>A</u>) the Parent Borrower's or any Restricted Subsidiary's net income for such period shall be increased by the aggregate amount actually dividended or distributed or that (as determined in good faith by the Borrower Representative, which determination shall be conclusive) could have been dividended or distributed by such Person during such period to the Parent Borrower or a Restricted Subsidiary as a dividend or other distribution (subject, in the case of a dividend or other distribution to a Restricted Subsidiary, to the limitations contained in clause (ii) below), to the extent not already included therein, and (<u>B</u>) the Parent Borrower's or any Restricted Subsidiary's equity in the net loss of such Person shall be included to the extent of the aggregate Investment of the Parent Borrower or any of its Restricted Subsidiaries in such Person,

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) solely for purposes of determining the amount available for Restricted Payments under <u>Subsection 8.2(a)(3)(A)</u> and Excess Cash Flow, any net income (loss) of any Restricted Subsidiary that is not a Subsidiary Guarantor if such Restricted Subsidiary is subject to restrictions, directly or indirectly, on the payment of dividends or the making of similar distributions by such Restricted Subsidiary, directly or indirectly, to the Parent Borrower by operation of the terms of such Restricted Subsidiary's charter or any agreement, instrument, judgment, decree, order, statute or governmental rule or regulation applicable to such Restricted Subsidiary or its stockholders (other than (<u>x</u>) restrictions that have been waived or otherwise released, (<u>y</u>) restrictions pursuant to any of this Agreement, the other Loan Documents, the documentation relating to Other Secured Debt and (<u>z</u>) restrictions in effect on the Closing Date with respect to a Restricted Subsidiary and other restrictions with respect to such Restricted Subsidiary that taken as a whole are not materially less favorable to the Lenders than such restrictions in effect on the Closing Date as determined by the Borrower Representative in good faith, which determination shall be conclusive), except that (<u>A</u>) the Parent Borrower's equity in the net income of any such Restricted Subsidiary for such period shall be included in such Consolidated Net Income up to the aggregate amount of any dividend or distribution that was or that (as determined by the Borrower Representative in good faith, which determination shall be conclusive) could have been made by such Restricted Subsidiary during such period to the Parent Borrower or another Restricted Subsidiary (subject, in the case of a dividend that could have been made to another Restricted Subsidiary, to the limitation contained in this clause (ii)) and (<u>B</u>) the net loss of such Restricted Subsidiary shall be included to the extent of the aggregate Investment of the Parent Borrower or any of its other Restricted Subsidiaries in such Restricted Subsidiary,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) (<u>x</u>) any gain or loss realized upon the sale, abandonment or other disposition of any asset of the Parent Borrower or any Restricted Subsidiary (including pursuant to any sale/leaseback transaction) that is not sold, abandoned or otherwise disposed of in the ordinary course of business (as determined in good faith by the Borrower Representative, which determination shall be conclusive) and (<u>y</u>) any gain or loss realized upon the disposal, abandonment or discontinuation of operations of the Parent Borrower or any Restricted Subsidiary,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) [reserved],

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) the cumulative effect of a change in accounting principles and changes as a result of the adoption or modification of accounting policies,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) all deferred financing costs written off and premiums paid in connection with any early extinguishment of Indebtedness or Hedging Obligations or other derivative instruments,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) any unrealized gains or losses in respect of Hedge Agreements,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii) any unrealized foreign currency translation or transaction gains or losses, including in respect of Indebtedness of any Person denominated in a currency other than the functional currency of such Person,

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ix) any non-cash compensation charge arising from any grant of limited liability company interests, stock, stock options or other equity based awards,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(x) to the extent otherwise included in Consolidated Net Income, any unrealized foreign currency translation or transaction gains or losses, including in respect of Indebtedness or other obligations of the Parent Borrower or any Restricted Subsidiary owing to the Parent Borrower or any Restricted Subsidiary,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xi) any non-cash charge, expense or other impact attributable to application of the purchase or recapitalization method of accounting (including the total amount of depreciation and amortization, cost of sales or other non-cash expense resulting from the write-up of assets to the extent resulting from such purchase or recapitalization accounting adjustments), non-cash charges for deferred tax valuation allowances or from remeasuring deferred tax assets and non-cash gains, losses, income and expenses resulting from fair value accounting required by the applicable standard under GAAP,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xii) expenses related to the conversion of various employee benefit and equity programs in connection with the Transactions and non-cash compensation related expenses,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xiii) any impairment charge or asset write-off, including any charge or write-off related to intangible assets, long-lived assets or investments in debt and equity securities, and any amortization of intangibles,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xiv) to the extent covered by insurance and actually reimbursed (or the Borrower Representative has determined that there exists reasonable evidence that such amount will be reimbursed by the insurer and such amount is not denied by the applicable insurer in writing within 180 days and is reimbursed within 365 days of the date of such evidence (with a deduction in any future calculation of Consolidated Net Income for any amount so added back to the extent not so reimbursed within such 365 day period)), any expenses with respect to liability or casualty events or business interruption,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xv) (<u>w</u>) any fees, expenses, charges and costs (or any amortization thereof) associated with the Transactions or any acquisition, merger or consolidation, Investment, Asset Disposition, issuance of Capital Stock or other equity offering, dividend, distribution or other Restricted Payment, Incurrence, Discharge or refinancing of Indebtedness, or amendment or modification of any agreement or instrument relating to any Indebtedness (in each case, whether or not completed, after the Closing Date or any accounting change, and including any such transaction consummated prior to the Closing Date), (<u>x</u>) any severance, relocation, consolidation, closing, integration, facilities opening, business optimization, transition or restructuring costs, charges or expenses, whether or not classified as restructuring charges or expenses under GAAP (including restructuring costs related to acquisitions and closure or consolidation of branches, facilities or locations, and any expense related to any reconstruction, recommissioning or reconfiguration of fixed assets for alternate use), (<u>y</u>) any signing, retention or completion bonuses and (<u>z</u>) any costs associated with curtailments or modifications to pension and post-retirement employee benefit plans,

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xvi) any expenses, charges and losses in the form of earn-out obligations and contingent consideration obligations (including to the extent accounted for as performance and retention bonuses, compensation or otherwise) and adjustments thereof and purchase price adjustments, in each case paid in connection with any acquisition, merger or consolidation or Investment, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xvii) any losses, charges or expenses related to the withdrawal from a multi-employer pension plan,

<u>provided</u>, <u>further</u>, that the exclusion of any item pursuant to the foregoing clauses (i) through (xvii) shall also exclude the tax impact of any such item, if applicable.

Notwithstanding the foregoing, for the purpose of <u>Subsection 8.2(a)(3)(A)</u> only, there shall be excluded from Consolidated Net Income, without duplication, any income consisting of dividends, repayments of loans or advances or other transfers of assets from Unrestricted Subsidiaries to the Parent Borrower or a Restricted Subsidiary, and any income consisting of return of capital, repayment or other proceeds from dispositions or repayments of Investments consisting of Restricted Payments, in each case to the extent such income would be included in Consolidated Net Income and such related dividends, repayments, transfers, return of capital or other proceeds are applied by the Borrower Representative to increase the amount of Restricted Payments permitted under <u>Subsection 8.2(a)(3)(C)</u> or <u>(D)</u>.

In addition, Consolidated Net Income for any period ending on or prior to the Closing Date shall be determined based upon the net income (loss) reflected in the consolidated financial statements of the Parent Borrower for such period and the consolidated financial statements of Kito Crosby for such period, with pro forma effect being given to the Transactions; and each Person that is a Restricted Subsidiary upon giving effect to the Transactions shall be deemed to be a Restricted Subsidiary and the Transactions shall not constitute a sale or disposition under clause (iii) above, for purposes of such determination.

"<u>Consolidated Secured Indebtedness</u>": as of any date of determination, (<u>i</u>) an amount equal to the Consolidated Total Indebtedness (without regard to clause (ii) of the definition thereof) as of such date that, in each case, is then secured by Liens on Collateral (other than property or assets held in a defeasance or similar trust or arrangement for the benefit of the Indebtedness secured thereby), <u>minus</u> (<u>ii</u>) the sum of (<u>A</u>) the amount of such Indebtedness consisting of Indebtedness of a type referred to in, or Incurred pursuant to, <u>Subsection 8.1(b)(ix)</u> and (<u>B</u>) the Unrestricted Cash of the Parent Borrower and its Restricted Subsidiaries.

"<u>Consolidated Secured Leverage Ratio</u>": as of any date of determination, the ratio of (<u>i</u>) an amount equal to (<u>x</u>) Consolidated Secured Indebtedness as at such date (which shall include the L/C-B/A Obligations, other than the L/C-B/A Obligations relating to Commercial Letters of Credit) (after giving effect to any Incurrence or Discharge of Indebtedness on such date), <u>minus</u> (<u>y</u>) Indebtedness in respect of Guarantees by the Parent Borrower permitted under <u>Subsection 8.1(b)(vi)</u> to (<u>ii</u>) the aggregate amount of Consolidated EBITDA for the period of the most recent four consecutive fiscal quarters of the Parent Borrower ending prior to the date of such determination for

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which consolidated financial statements of the Parent Borrower are available (determined, for any fiscal quarter (or portion thereof) ending prior to the Closing Date, on a pro forma basis to give effect to the Transactions as if they had occurred at the beginning of such four-quarter period), <u>provided</u> that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) if, since the beginning of such period, the Parent Borrower or any Restricted Subsidiary shall have made a Sale (including any Sale occurring in connection with a transaction causing a calculation to be made hereunder), the Consolidated EBITDA for such period shall be reduced by an amount equal to the Consolidated EBITDA (if positive) attributable to the assets that are the subject of such Sale for such period or increased by an amount equal to the Consolidated EBITDA (if negative) attributable thereto for such period;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) if, since the beginning of such period, the Parent Borrower or any Restricted Subsidiary (by merger, consolidation or otherwise) shall have made a Purchase (including any Purchase occurring in connection with a transaction causing a calculation to be made hereunder), Consolidated EBITDA for such period shall be calculated after giving pro forma effect thereto as if such Purchase occurred on the first day of such period; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) if, since the beginning of such period, any Person became a Restricted Subsidiary or was merged or consolidated with or into the Parent Borrower or any Restricted Subsidiary, and since the beginning of such period such Person shall have made any Sale or Purchase that would have required an adjustment pursuant to clause (1) or (2) above if made by the Parent Borrower or a Restricted Subsidiary since the beginning of such period, Consolidated EBITDA for such period shall be calculated after giving pro forma effect thereto as if such Sale or Purchase occurred on the first day of such period.

For purposes of this definition, whenever pro forma effect is to be given to any Sale, Purchase or other transaction, or the amount of income or earnings relating thereto, the pro forma calculations in respect thereof (including in respect of anticipated cost savings or synergies relating to any such Sale, Purchase or other transaction) shall be as determined in good faith by the Chief Financial Officer or another Responsible Officer of the Borrower Representative, which determination shall be conclusive; <u>provided</u> that with respect to cost savings or synergies relating to any Sale, Purchase or other transaction, the related actions are expected by the Borrower Representative to be taken no later than 36 months after the date of determination.

"<u>Consolidated Total Assets</u>": as of any date of determination, the total assets, in each case that is or would be reflected on the consolidated balance sheet of the Parent Borrower as at the end of the most recently ended fiscal quarter of the Parent Borrower for which a balance sheet of the Parent Borrower is available, determined on a Consolidated basis in accordance with GAAP (and, in the case of any determination relating to any Incurrence of Indebtedness or Liens or any Investment, on a pro forma basis including any property or assets being acquired in connection therewith).

"<u>Consolidated Total Indebtedness</u>": as of any date of determination, an amount equal to (<u>i</u>) the aggregate principal amount of outstanding Indebtedness of the Parent Borrower and its Restricted Subsidiaries as of such date consisting of (without duplication) Indebtedness for borrowed money (including (<u>x</u>) Purchase Money Obligations and (<u>y</u>) unreimbursed outstanding drawn amounts

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underfunded letters of credit; <u>provided</u> that such amounts shall not be counted as Consolidated Total Indebtedness until five Business Days after such amounts were drawn); Financing Lease Obligations; debt obligations evidenced by bonds, debentures, notes or similar instruments (but excluding surety bonds, performance bonds or other similar instruments); Disqualified Stock; and (in the case of any Restricted Subsidiary that is not a Subsidiary Guarantor) Preferred Stock, determined on a Consolidated basis in accordance with GAAP (in each case, excluding (<u>x</u>) items eliminated in Consolidation and (<u>y</u>) Hedging Obligations) <u>minus</u> (<u>ii</u>) the sum of (<u>A</u>) the amount of such Indebtedness consisting of Indebtedness of a type referred to in, or Incurred pursuant to, <u>Subsection 8.1(b)(ix)</u> and (<u>B</u>) Unrestricted Cash of the Parent Borrower and its Restricted Subsidiaries. For purposes hereof, any earn-out or similar obligations shall not constitute Consolidated Total Indebtedness until such obligation becomes a liability on the consolidated balance sheet of the Parent Borrower in accordance with GAAP and is not paid within 30 days after becoming due and payable.

"<u>Consolidated Total Leverage Ratio</u>": as of any date of determination, the ratio of (<u>i</u>) an amount equal to (<u>x</u>) Consolidated Total Indebtedness as at such date (which shall include the L/C-B/A Obligations, other than the L/C-B/A Obligations relating to Commercial Letters of Credit) (after giving effect to any Incurrence or Discharge of Indebtedness on such date), <u>minus</u> (<u>y</u>) Indebtedness in respect of Guarantees by the Parent Borrower permitted under <u>Subsection 8.1(b)(vi)</u> to (<u>ii</u>) the aggregate amount of Consolidated EBITDA for the period of the most recent four consecutive fiscal quarters of the Parent Borrower ending prior to the date of such determination for which consolidated financial statements of the Parent Borrower are available (determined, for any fiscal quarter (or portion thereof) ending prior to the Closing Date, on a pro forma basis to give effect to the Transactions as if they had occurred at the beginning of such four-quarter period), <u>provided</u> that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) if, since the beginning of such period, the Parent Borrower or any Restricted Subsidiary shall have made a Sale (including any Sale occurring in connection with a transaction causing a calculation to be made hereunder), the Consolidated EBITDA for such period shall be reduced by an amount equal to the Consolidated EBITDA (if positive) attributable to the assets that are the subject of such Sale for such period or increased by an amount equal to the Consolidated EBITDA (if negative) attributable thereto for such period;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) if, since the beginning of such period, the Parent Borrower or any Restricted Subsidiary (by merger, consolidation or otherwise) shall have made a Purchase (including any Purchase occurring in connection with a transaction causing a calculation to be made hereunder), Consolidated EBITDA for such period shall be calculated after giving pro forma effect thereto as if such Purchase occurred on the first day of such period; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) if, since the beginning of such period, any Person became a Restricted Subsidiary or was merged or consolidated with or into the Parent Borrower or any Restricted Subsidiary, and since the beginning of such period such Person shall have made any Sale or Purchase that would have required an adjustment pursuant to clause (1) or (2) above if made by the Parent Borrower or a Restricted Subsidiary since the beginning of such period, Consolidated EBITDA for such period shall be calculated after giving pro forma effect thereto as if such Sale or Purchase occurred on the first day of such period;

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<u>provided</u> that, for purposes of the foregoing calculation, in the event that the Borrower Representative shall classify Indebtedness Incurred on the date of determination as Incurred in part pursuant to <u>Subsection 8.1(b)(x)</u> (other than by reason of subclauses (2) or (3) of the proviso to such clause (x)) and in part pursuant to one or more other clauses or subclauses of <u>Subsection 8.1(b)</u> and/or (unless the Borrower Representative at its option has elected to disregard Indebtedness being Incurred on the date of determination in part pursuant to subclauses (2) or (3) of the proviso to <u>Subsection 8.1(b)(x)</u> for purposes of calculating the Consolidated Coverage Ratio for Incurring Indebtedness on the date of determination in part under <u>Subsection 8.1(a)</u>) pursuant to <u>Subsection 8.1(a)</u> (as provided in <u>Subsections 8.1(c)(ii)</u> and <u>(iii)</u>), Consolidated Total Indebtedness shall not include any such Indebtedness Incurred pursuant to one or more such other clauses of <u>Subsection 8.1(b)</u> and/or pursuant to <u>Subsection 8.1(a)</u>, and shall not give effect to any Discharge of any Indebtedness from the proceeds of any such Indebtedness being disregarded for purposes of the calculation of the Consolidated Total Leverage Ratio on such date of determination that otherwise would be included in Consolidated Total Indebtedness.

For purposes of this definition, whenever pro forma effect is to be given to any Sale, Purchase or other transaction, or the amount of income or earnings relating thereto, the pro forma calculations in respect thereof (including in respect of anticipated cost savings or synergies relating to any such Sale, Purchase or other transaction) shall be as determined in good faith by the Chief Financial Officer or another Responsible Officer of the Borrower Representative, which determination shall be conclusive; <u>provided</u> that with respect to cost savings or synergies relating to any Sale, Purchase or other transaction, the related actions are expected by the Borrower Representative to be taken no later than 36 months after the date of determination.

"<u>Consolidated Working Capital</u>": at any date, the excess of (<u>a</u>) the sum of all amounts (other than cash, Cash Equivalents and Temporary Cash Investments) that would, in conformity with GAAP, be set forth opposite the caption "total current assets" (or any like caption) on a consolidated balance sheet of the Parent Borrower at such date excluding the current portion of current and deferred income taxes over (<u>b</u>) the sum of all amounts that would, in conformity with GAAP, be set forth opposite the caption "total current liabilities" (or any like caption) on a consolidated balance sheet of the Parent Borrower on such date, including deferred revenue but excluding, without duplication, (<u>i</u>) the current portion of any Funded Debt of the Parent Borrower and the Restricted Subsidiaries, (<u>ii</u>) all Indebtedness consisting of Loans to the extent otherwise included therein, (<u>iii</u>) the current portion of interest and (<u>iv</u>) the current portion of current and deferred income taxes.

"<u>Consolidation</u>": the consolidation of the accounts of each of the Restricted Subsidiaries with those of the Parent Borrower in accordance with GAAP; <u>provided</u> that "Consolidation" will not include consolidation of the accounts of any Unrestricted Subsidiary, but the interest of the Parent Borrower or any Restricted Subsidiary in any Unrestricted Subsidiary will be accounted for as an investment. The term "<u>Consolidated</u>" has a correlative meaning. For purposes of this Agreement for periods ending on or prior to the Closing Date, references to the consolidated financial statements of the Parent Borrower shall be to the consolidated financial statements of the Parent Borrower for such period and the consolidated financial statements of Kito Crosby for such period, with pro forma effect being given to the Transactions (with the Kito Crosby Entities that are Subsidiaries of the Parent Borrower after giving effect to the Transactions being deemed Subsidiaries of the Parent Borrower), as the context may require.

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"<u>Contingent Obligation</u>": with respect to any Person, any obligation of such Person guaranteeing any obligation that does not constitute Indebtedness (a "<u>primary obligation</u>") of any other Person (the "<u>primary obligor</u>") in any manner, whether directly or indirectly, including any obligation of such Person, whether or not contingent, (<u>1</u>) to purchase any such primary obligation or any property constituting direct or indirect security therefor, (<u>2</u>) to advance or supply funds (<u>a</u>) for the purchase or payment of any such primary obligation or (<u>b</u>) to maintain working capital or equity capital of the primary obligor or otherwise to maintain the net worth or solvency of the primary obligor or (<u>3</u>) to purchase property, securities or services primarily for the purpose of assuring the owner of any such primary obligation of the ability of the primary obligor to make payment of such primary obligation against loss in respect thereof.

"<u>Contract Consideration</u>": as defined in <u>Subsection 4.4(e)(iii)(A)(2)(z)</u>.

"<u>Contractual Obligation</u>": as to any Person, any provision of any material security issued by such Person or of any material agreement, instrument or other undertaking to which such Person is a party or by which it or any of its property is bound.

"<u>Contribution Amounts</u>": the aggregate amount of capital contributions applied by the Borrower Representative to permit the Incurrence of Contribution Indebtedness pursuant to <u>Subsection 8.1(b)(xi)</u>.

"<u>Contribution Indebtedness</u>": Indebtedness of the Parent Borrower or any Restricted Subsidiary in an aggregate principal amount not greater than the aggregate amount of cash contributions (other than Excluded Contributions, the proceeds from the issuance of Disqualified Stock or contributions by the Parent Borrower or any Restricted Subsidiary) made to the capital of the Parent Borrower or such Restricted Subsidiary after the Closing Date (whether through the issuance or sale of Capital Stock or otherwise); <u>provided</u> that such Contribution Indebtedness (<u>a</u>) is Incurred within 180 days after the receipt of the related cash contribution and (<u>b</u>) is so designated as Contribution Indebtedness pursuant to a certificate of a Responsible Officer of the Borrower Representative promptly following the date of Incurrence thereof.

"<u>CORRA</u>": the Canadian Overnight Repo Rate Average administered and published by the Bank of Canada (or any successor administrator of Canadian Overnight Repo Rate Average).

"<u>CORRA Administrator</u>": the Bank of Canada (or any successor administrator).

"<u>CORRA Determination Date</u>": as defined in the definition of "Daily Simple CORRA".

"<u>CORRA Rate Day</u>" as defined in the definition of "Daily Simple CORRA".

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"<u>Corresponding Tenor</u>": with respect to any Available Tenor, as applicable, either a tenor (including overnight) or an interest payment period having approximately the same length (disregarding business day adjustment) as such Available Tenor.

"<u>Covered Entity</u>": any of the following: (<u>i</u>) a "covered entity" as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 252.82(b); (<u>ii</u>) a "covered bank" as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 47.3(b); or (<u>iii</u>) a "covered FSI" as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 382.2(b).

"<u>Covered Liabilities</u>": as defined in <u>Subsection 11.21</u>.

"<u>Covered Party</u>": as defined in <u>Subsection 11.22(a)</u>.

"<u>Cured Default</u>": as defined in <u>Subsection 1.2(c)</u>.

"<u>Currency Agreement</u>": in respect of a Person, any foreign exchange contract, currency swap agreement or other similar agreement or arrangements (including derivative agreements or arrangements), as to which such Person is a party or a beneficiary.

"<u>Daily Simple CORRA</u>": for any day (a "<u>CORRA Rate Day</u>"), a rate per annum equal to CORRA for the day (such day "<u>CORRA Determination Date</u>") that is five (5) RFR Business Days prior to (i) if such CORRA Rate Day is an RFR Business Day, such CORRA Rate Day or (ii) if such CORRA Rate Day is not an RFR Business Day, the RFR Business Day immediately preceding such CORRA Rate Day, in each case, as such CORRA is published by the CORRA Administrator on the CORRA Administrator's website. Any change in Daily Simple CORRA due to a change in CORRA shall be effective from and including the effective date of such change in CORRA without notice to the Borrower. If by 5:00 p.m. (Toronto time) on any given CORRA Determination Date, CORRA in respect of such CORRA Determination Date has not been published on the CORRA Administrator's website and a Benchmark Replacement Date with respect to the Daily Simple CORRA has not occurred, then CORRA for such CORRA Determination Date will be CORRA as published in respect of the first preceding RFR Business Day for which such CORRA was published on the CORRA Administrator's website, so long as such first preceding RFR Business Day is not more than five (5) Business Days prior to such CORRA Determination Date.

"<u>Daily Simple RFR</u>": for any day (an "<u>RFR Interest Day</u>"), an interest rate per annum equal to, for any RFR Loan denominated in (<u>i</u>) Sterling, SONIA for the day that is five (5) RFR Business Days prior to (<u>A</u>) if such RFR Interest Day is an RFR Business Day, such RFR Interest Day or (<u>B</u>) if such RFR Interest Day is not an RFR Business Day, the RFR Business Day immediately preceding such RFR Interest Day; (<u>ii</u>) Swiss Francs, SARON for the day that is five (5) RFR Business Days prior to (<u>A</u>) if such RFR Interest Day is an RFR Business Day, such RFR Interest Day or (<u>B</u>) if such RFR Interest Day is not an RFR Business Day, the RFR Business Day immediately preceding such RFR Interest Day; (iii) Dollars, Daily Simple SOFR (following a Benchmark Transition Event and a Benchmark Replacement Date with respect to the Term SOFR Rate) and (iv) Canadian Dollars, Daily Simple CORRA (following a Benchmark Transition Event and a Benchmark Replacement Date with respect to Term CORRA); <u>provided</u> that if the Daily Simple RFR as so determined would be less than zero, such rate shall be deemed to be equal to zero.

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"<u>Daily Simple SOFR</u>": for any day (a "<u>SOFR Rate Day</u>"), a rate per annum equal to SOFR for the day (such day "SOFR Determination Date") that is three (3) RFR Business Days prior to (<u>i</u>) if such SOFR Rate Day is an RFR Business Day, such SOFR Rate Day or (<u>ii</u>) if such SOFR Rate Day is not an RFR Business Day, the RFR Business Day immediately preceding such SOFR Rate Day, in each case, as such SOFR is published by the SOFR Administrator on the SOFR Administrator's Website. Any change in Daily Simple SOFR due to a change in SOFR shall be effective from and including the effective date of such change in SOFR without notice to the Borrower. If by 5:00 p.m. (New York City time) on the second (2nd) RFR Business Day immediately following any SOFR Determination Date, SOFR in respect of such SOFR Determination Date has not been published on the SOFR Administrator's Website and a Benchmark Replacement Date with respect to the Daily Simple SOFR has not occurred, then SOFR for such SOFR Determination Date will be SOFR as published in respect of the first preceding RFR Business Day for which such SOFR was published on the SOFR Administrator's Website.

"<u>Debt Financing</u>": the debt financing transactions contemplated under (<u>a</u>) the Loan Documents and (<u>b</u>) the documentation relating to the Other Secured Debt, in each case including any Interest Rate Agreements related thereto.

"<u>Declined Amounts</u>": the sum of (<u>x</u>) the Term Loan Declined Amounts and (<u>y</u>) the amount of Excess Cash Flow and Net Cash Proceeds of any Asset Disposition offered (to the extent the Parent Borrower or any Restricted Subsidiaries is required by the terms thereof) to prepay, repay or purchase other Indebtedness that is secured by the Collateral on a pari passu basis with the Obligations which the holders of such Indebtedness decline to accept pursuant to the terms equivalent to <u>Subsection 4.4(h</u>) (as determined by the Parent Borrower in good faith, which determination shall be conclusive).

"<u>Default</u>": any of the events specified in <u>Subsection 9.1</u>, whether or not any requirement for the giving of notice (other than, in the case of <u>Subsection 9.1(e)</u>, a Default Notice), the lapse of time, or both, or any other condition specified in <u>Subsection 9.1</u>, has been satisfied.

"<u>Default Notice</u>": as defined in <u>Subsection 9.1(e)</u>.

"<u>Default Right</u>": has the meaning assigned to that term in, and shall be interpreted in accordance with, 12 C.F.R. § 252.81, 47.2 or 382.1, as applicable.

"<u>Defaulting Lender</u>": subject to <u>Subsection 4.14(g)</u>, any Lender or Agent whose circumstances, acts or failure to act, whether directly or indirectly, cause it to meet any part of the definition of Lender Default.

"<u>Deposit Account</u>": any deposit account (as such term is defined in Article 9 of the UCC).

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"<u>Designated Borrower</u>": (i) as of the Closing Date, the German Borrower, and (ii) any Subsidiaries of the Parent Borrower that become party to this Agreement pursuant to <u>Subsection 2.13</u> after the Closing Date.

"<u>Designated Borrower Request and Assumption Agreement</u>": as defined in <u>Subsection 2.13(a)</u>.

"<u>Designated Foreign Currency</u>": Canadian Dollar, Euro, Sterling, Swiss Franc, Hong Kong Dollar, Yen or any other freely available currency readily exchangeable into Dollars and reasonably requested by the Borrower Representative and acceptable to the Administrative Agent, any applicable Issuing Bank and each Revolving Lender.

"<u>Designated Foreign Currency Sublimit</u>": the lesser of (<u>a</u>) $125,000,000 and (<u>b</u>) the Revolving Commitment. The Designated Foreign Currency Sublimit is part of, and not in addition to, the Revolving Commitment.

"<u>Designated Noncash Consideration</u>": the non-cash consideration received by the Parent Borrower or one of its Restricted Subsidiaries in connection with an Asset Disposition that is so designated as Designated Noncash Consideration pursuant to a certificate of a Responsible Officer of the Borrower Representative, setting forth the basis of such valuation.

"<u>Designated Preferred Stock</u>": Preferred Stock of the Parent Borrower (other than Disqualified Stock) that is issued after the Closing Date for cash (other than to a Restricted Subsidiary) and is so designated as Designated Preferred Stock, pursuant to a certificate of a Responsible Officer of the Borrower Representative; provided that the cash proceeds of such issuance shall be excluded from the calculation set forth in <u>Subsection 8.2(a)(3)(B)</u>.

"<u>Designation Date</u>": as defined in <u>Subsection 2.10(f)</u>.

"<u>Discharge</u>": to repay, repurchase, redeem, defease or otherwise acquire, retire or discharge; and the term "<u>Discharged</u>" shall have a correlative meaning.

"<u>Discount Prepayment Accepting Lender</u>": as defined in <u>Subsection 4.4(l)(ii)(2)</u>.

"<u>Discount Range</u>": as defined in <u>Subsection 4.4(l)(iii)(1)</u>.

"<u>Discount Range Prepayment Amount</u>": as defined in <u>Subsection 4.4(l)(iii)(1)</u>.

"<u>Discount Range Prepayment Notice</u>": a written notice of the Borrower Solicitation of Discount Range Prepayment Offers made pursuant to <u>Subsection 4.4(l)</u> substantially in the form of <u>Exhibit O</u>.

"<u>Discount Range Prepayment Offer</u>": the irrevocable written offer by a Lender, substantially in the form of <u>Exhibit P</u>, submitted in response to an invitation to submit offers following the Administrative Agent's receipt of a Discount Range Prepayment Notice.

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"<u>Discount Range Prepayment Response Date</u>": as defined in <u>Subsection</u> <u>4.4(l)(iii)(1)</u>.

"<u>Discount Range Proration</u>": as defined in <u>Subsection 4.4(l)(iii)(3)</u>.

"<u>Discounted Prepayment Determination Date</u>": as defined in <u>Subsection 4.4(l)(iv)(3)</u>.

"<u>Discounted Prepayment Effective Date</u>": in the case of a Borrower Offer of Specified Discount Prepayment, Borrower Solicitation of Discount Range Prepayment Offers or Borrower Solicitation of Discounted Prepayment Offers, or otherwise five Business Days following the receipt by each relevant Lender of notice from the Administrative Agent in accordance with <u>Subsection 4.4(l)(ii)</u>, <u>Subsection 4.4(l)(iii)</u> or <u>Subsection 4.4(l)(iv)</u>, as applicable unless a shorter period is agreed to between the Borrower Representative and the Administrative Agent.

"<u>Discounted Term Loan Prepayment</u>": as defined in <u>Subsection 4.4(l)(i)</u>.

"<u>Disinterested Directors</u>": with respect to any Affiliate Transaction, one or more members of the Board of Directors of the Parent Borrower having no material direct or indirect financial interest in or with respect to such Affiliate Transaction. A member of any such Board of Directors shall not be deemed to have such a financial interest by reason of such member's holding Capital Stock of the Parent Borrower or any options, warrants or other rights in respect of such Capital Stock or by reason of such member receiving any compensation from the Parent Borrower on whose Board of Directors such member serves in respect of such member's role as director.

"<u>Disposition</u>": as defined in the definition of the term "Asset Disposition" in this <u>Subsection 1.1</u>.

"<u>Disqualified Party</u>": (<u>i</u>) any competitor of the Parent Borrower and its Restricted Subsidiaries that is in the same or a similar line of business as the Parent Borrower and its Restricted Subsidiaries or any affiliate of such competitor, (<u>ii</u>) any Persons designated in writing by the Parent Borrower to the Administrative Agent (<u>a</u>) on or prior to the Closing Date or (<u>b</u>) following the Closing Date with the consent of the Administrative Agent (such consent not to be unreasonably withheld, conditioned or delayed), which designation in this clause (ii)(b) shall become effective one Business Day after such consent; <u>provided</u> that in no event shall any notice given pursuant to clause (ii)(b) of this definition apply to retroactively disqualify any (x) Person who previously acquired and continues to hold, any Loans, Commitments or participations prior to the receipt of such notice or (y) any pending assignment or participation to any pending Lender or pending Participant and (<u>iii</u>) any Lender that has made an incorrect representation or warranty or deemed representation or warranty with respect to not being a Net Short Lender as provided in <u>Subsection 11.1(k)</u>; <u>provided</u>, that any Lender that has inadvertently or unintentionally made such incorrect representation or warranty or deemed representation or warranty with respect to not being a Net Short Lender shall cease to be a Disqualified Party if it has notified the Borrower Representative in good faith that it has made such incorrect representation or warranty or deemed representation or warranty inadvertently or unintentionally. The list of Disqualified Parties and any updates thereto shall be delivered to the Administrative Agent at JPMDQ_Contact@jpmorgan.com (or to such other address as the Administrative Agent may designate to the Borrower Representative from time to time).

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"<u>Disqualified Stock</u>": with respect to any Person, any Capital Stock (other than Management Stock) that by its terms (or by the terms of any security into which it is convertible or for which it is exchangeable or exercisable) or upon the happening of any event (other than following the occurrence of a Change of Control or other similar event described under such terms as a "change of control" or an Asset Disposition or other disposition) (<u>i</u>) matures or is mandatorily redeemable pursuant to a sinking fund obligation or otherwise, (<u>ii</u>) is convertible or exchangeable for Indebtedness or Disqualified Stock or (<u>iii</u>) is redeemable at the option of the holder thereof (other than following the occurrence of a Change of Control or other similar event described under such terms as a "change of control" or an Asset Disposition or other disposition), in whole or in part, in each case on or prior to the Initial Term Loan Maturity Date; <u>provided</u> that Capital Stock issued to any employee benefit plan, or by any such plan to any employees of the Parent Borrower or any Subsidiary, shall not constitute Disqualified Stock solely because it may be required to be repurchased or otherwise acquired or retired in order to satisfy applicable statutory or regulatory obligations.

"<u>Division</u>": as defined in <u>Subsection 1.2(k)</u>.

"<u>Dollar Equivalent</u>": with respect to any amount denominated in Dollars, the amount thereof and, with respect to the principal amount of any Loan made or outstanding in any Designated Foreign Currency or any amount in respect of any Letter of Credit denominated in any Designated Foreign Currency, at any date of determination thereof, an amount in Dollars equivalent to such principal amount or such other amount calculated on the basis of the Spot Rate of Exchange.

"<u>Dollars</u>" and "<u>$</u>": dollars in lawful currency of the United States of America.

"<u>Domestic Borrowing Base</u>": the sum of (1) 90.0% of the book value of Inventory of the Parent Borrower and its Domestic Subsidiaries, (2) 90.0% of the book value of Receivables of the Parent Borrower and its Domestic Subsidiaries, and (3) cash, Cash Equivalents and Temporary Cash Investments of the Parent Borrower and its Domestic Subsidiaries (in each case, determined as of the end of the most recently ended fiscal month of the Parent Borrower for which internal consolidated financial statements of the Parent Borrower are available, and, in the case of any determination relating to any Incurrence of Indebtedness, on a pro forma basis including (x) any property or assets of a type described above acquired since the end of such fiscal month and (y) any property or assets of a type described above being acquired in connection therewith); provided that the Domestic Borrowing Base shall not exceed, at any time, an amount equal to the greater of $538,000,000 and 125.0% of Four Quarter Consolidated EBITDA *less* any amounts incurred in reliance on the Foreign Borrowing Base.

"<u>Domestic Loan Party</u>": a Loan Party that is organized under the laws of any political subdivision of the United States.

"<u>Domestic Subsidiary</u>": any Restricted Subsidiary of the Parent Borrower other than a Foreign Subsidiary.

"<u>ECF Payment Date</u>": as defined in <u>Subsection 4.4(e)(iii)</u>.

"<u>ECF Prepayment Amount</u>": as defined in <u>Subsection 4.4(e)(iii)</u>.

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"<u>EEA Financial Institution</u>": (<u>a</u>) any credit institution or investment firm established in any EEA Member Country which is subject to the supervision of an EEA Resolution Authority, (<u>b</u>) any entity established in an EEA Member Country which is a parent of an institution described in clause (a) of this definition and is subject to the supervision of an EEA Resolution Authority, or (<u>c</u>) any financial institution established in an EEA Member Country which is a Subsidiary of an institution described in clause (a) or (b) of this definition and is subject to consolidated supervision of an EEA Resolution Authority with its parent.

"<u>EEA Member Country</u>": any of the member states of the European Union, Iceland, Liechtenstein and Norway.

"<u>EEA Resolution Authority</u>": any public administrative authority or any person entrusted with public administrative authority of any EEA Member Country (including any delegee) having responsibility for the resolution of any EEA Financial Institution.

"<u>Environmental Costs</u>": any and all costs or expenses (including attorney's and consultant's fees, investigation and laboratory fees, response costs, court costs and litigation expenses, fines, penalties, damages, settlement payments, judgments and awards), of whatever kind or nature, known or unknown, contingent or otherwise, arising out of, or in any way relating to, any actual or alleged violation of, noncompliance with or liability under any Environmental Laws. Environmental Costs include any and all of the foregoing, without regard to whether they arise out of or are related to any past, pending or threatened proceeding of any kind.

"<u>Environmental Laws</u>": any and all U.S. or foreign, federal, state, provincial, territorial, local or municipal statutes, laws, regulations, ordinances, rules, judgments, orders, decrees, permits, concessions, grants, franchises, licenses, agreements or governmental restrictions relating to pollution, the protection of the environment, or the release of any materials into the environment, including those related to hazardous substances or wastes, air emissions and discharges to water or public wastewater treatment systems, applicable in, or pursuant to the laws of, any jurisdiction.

"<u>Environmental Liability</u>": any liability, contingent or otherwise (including any liability for damages, costs of environmental remediation, fines, penalties or indemnities), of the Parent Borrower, any other Loan Party or any of their respective Subsidiaries directly or indirectly resulting from or based upon (a) violation of any Environmental Law, (b) the generation, use, handling, transportation, storage, treatment or disposal of any Hazardous Materials, (c) exposure to any Hazardous Materials, (d) the release or threatened release of any Hazardous Materials into the environment or (e) any contract, agreement or other consensual arrangement pursuant to which liability is assumed or imposed with respect to any of the foregoing.

"<u>Environmental Permits</u>": any and all permits, licenses, registrations, notifications, exemptions and any other authorization required under any Environmental Law.

"<u>Equity Contribution</u>": the direct or indirect cash equity contribution to the Parent Borrower by one or more Investors in an aggregate amount equal to at least $800,000,000 from the sale of convertible preferred stock.

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"<u>ERISA</u>": the Employee Retirement Income Security Act of 1974, as amended from time to time, and the rules and regulations promulgated thereunder.

"<u>Erroneous Payment</u>": as defined in <u>Subsection</u> <u>10.16(a)</u>.

"<u>Erroneous Payment Deficiency Assignment</u>": as defined in <u>Subsection 10.16(c)</u>.

"<u>Erroneous Payment Impacted Class</u>": as defined in <u>Subsection 10.16(c)</u>.

"<u>Erroneous Payment Return Deficiency</u>": as defined in <u>Subsection 10.16(c)</u>.

"<u>Escrow Borrower</u>": as defined in <u>Subsection 2.8(a)</u>.

"<u>Escrow Subsidiary</u>": a Wholly Owned Subsidiary formed or established for the purpose of Incurring Indebtedness the proceeds of which will be subject to an escrow or other similar arrangement; <u>provided</u> that upon the termination of all such escrow or similar arrangement of such Subsidiary, such Subsidiary shall cease to constitute an "Escrow Subsidiary" hereunder and shall merge with and into the Parent Borrower in accordance with <u>Subsection 8.7</u>. Prior to its merger with and into the Parent Borrower, each Escrow Subsidiary shall not own, hold or otherwise have any interest in any material assets other than the proceeds of the applicable Indebtedness Incurred by such Escrow Subsidiary and any cash, Cash Equivalents or Temporary Cash Investments Invested in such Escrow Subsidiary to cover interest and premium in respect of such Indebtedness.

"<u>Ethically Screened Affiliate</u>": any Affiliate of a Person that (<u>i</u>) is managed, as to day-to-day matters (but excluding, for the avoidance of doubt, as to strategic direction and similar matters), independently from such Person and any other Affiliate of such Person that is not an Ethically Screened Affiliate, (<u>ii</u>) has in place customary information screens between it and such Person and any other Affiliate of such Person that is not an Ethically Screened Affiliate and (<u>iii</u>) such Person or any other Affiliate of such Person that is not an Ethically Screened Affiliate does not direct or cause the direction of the investment policies of such entity, nor does such Person's or any such other Affiliate's investment decisions influence the investment decisions of such entity.

"<u>EU Bail-In Legislation Schedule</u>": the EU Bail-In Legislation Schedule published by the Loan Market Association (or any successor person), as in effect from time to time.

"<u>EURIBOR Rate</u>": with respect to any Term Benchmark Borrowing denominated in Euros and for any Interest Period, the EURIBOR Screen Rate, two TARGET Days prior to the commencement of such Interest Period.

"<u>EURIBOR Screen Rate</u>": the euro interbank offered rate administered by the European Money Markets Institute (or any other person which takes over the administration of that rate) for the relevant period displayed (before any correction, recalculation or republication by the administrator) on page EURIBOR01 of the Thomson Reuters screen (or any replacement Thomson Reuters page which displays that rate) or on the appropriate page of such other information service which publishes that rate from time to time in place of Thomson Reuters as published at approximately 11:00 a.m. Brussels time on such date of determination. If such page or service ceases to be available, the Administrative Agent may specify another page or service displaying the relevant rate after consultation with the Borrower Representative.

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"<u>Euro</u>" and "<u>€</u>": the single currency of the European Union as constituted by the Treaty on European Union and as referred to in the legislative measures of the European Union for the introduction of, changeover to or operation of the Euro in one or more member states.

"<u>Event of Default</u>": any of the events specified in <u>Subsection 9.1</u>, <u>provided</u> that any requirement for the giving of notice, the lapse of time, or both, or any other condition, has been satisfied.

"<u>Excess Cash Flow</u>": for any period, an amount equal to the excess of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the sum, without duplication, of

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Consolidated Net Income for such period,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) an amount equal to the amount of all non-cash charges (including depreciation and amortization) deducted in arriving at such Consolidated Net Income,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) decreases in Consolidated Working Capital for such period, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) an amount equal to the aggregate net non-cash loss on Asset Dispositions by the Parent Borrower and the Restricted Subsidiaries during such period (other than in the ordinary course of business) to the extent deducted in arriving at such Consolidated Net Income,

<u>over</u> (b) the sum, without duplication, of

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) an amount equal to the amount of all non-cash credits included in arriving at such Consolidated Net Income,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the aggregate amount actually paid by the Parent Borrower and its Subsidiaries in cash during such period on account of Capital Expenditures either made in cash or accrued during such period (excluding the principal amount of Indebtedness incurred in connection with such expenditures and any such expenditures financed with the proceeds of any Reinvestment Deferred Amount),

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) the aggregate amount of all regularly scheduled principal payments of Funded Debt (including the Term Loans) of the Parent Borrower and its Subsidiaries made during such period (other than in respect of any revolving credit facility to the extent there is not an equivalent permanent reduction in commitments thereunder),

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) an amount equal to the aggregate net non-cash gain on Asset Dispositions of property by the Parent Borrower and its Subsidiaries during such period (other than sales of inventory in the ordinary course of business), to the extent included in arriving at such Consolidated Net Income, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) increases in Consolidated Working Capital for such period.

For the avoidance of doubt, any amounts received or paid in respect of purchase price adjustments in accordance with the Keystone Purchase Agreement shall be disregarded in calculating Excess Cash Flow.

"<u>Exchange Act</u>": the Securities Exchange Act of 1934, as amended from time to time.

"<u>Excluded Affiliate</u>": as defined in <u>Subsection 11.1(k)</u>.

"<u>Excluded Assets</u>": any asset constituting an "Excluded Asset" (as such term is defined in each applicable Security Document).

"<u>Excluded Contribution</u>": Net Cash Proceeds, or the Fair Market Value (as of the date of contribution, issuance or sale) of property or assets, received by the Parent Borrower as capital contributions to the Parent Borrower after the Closing Date or from the issuance or sale (other than to a Restricted Subsidiary) of Capital Stock (other than Disqualified Stock or Designated Preferred Stock) of the Parent Borrower, in each case to the extent designated as an Excluded Contribution pursuant to a certificate of a Responsible Officer of the Borrower Representative and not previously included in the calculation set forth in <u>Subsection 8.2(a)(3)(B)(x)</u> for purposes of determining whether a Restricted Payment may be made.

"<u>Excluded Information</u>": as defined in <u>Subsection 4.4(l)(i)</u>.

"<u>Excluded Liability</u>": any liability that is excluded under the Bail-In Legislation from the scope of any Bail-In Action including, without limitation, any liability excluded pursuant to Article 44 of the Bank Recovery and Resolution Directive.

"<u>Excluded Subsidiary</u>": at any date of determination, any Subsidiary of the Parent Borrower:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) that is an Immaterial Subsidiary;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) that is prohibited by Requirement of Law or Contractual Obligations existing on the Closing Date (or, in the case of any newly acquired Subsidiary, in existence at the time of acquisition but not entered into in contemplation thereof) from Guaranteeing, or granting Liens to secure, the Senior Secured Facilities Obligations (or, in the case of a Foreign Subsidiary, the applicable Foreign Senior Secured Facilities Obligations), or if Guaranteeing, or granting Liens to secure, the Senior Secured Facilities Obligations (or, in the case of a Foreign Subsidiary, the applicable Foreign Senior Secured Facilities Obligations) would require governmental (including regulatory) consent, approval, license or authorization unless such consent, approval, license or authorization has been received;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) with respect to which the Borrower Representative and the Administrative Agent reasonably agree that the burden or cost or other consequences of providing a guarantee of the Senior Secured Facilities Obligations (or, in the case of a Foreign Subsidiary, the applicable Foreign Senior Secured Facilities Obligations) shall be excessive in view of the benefits to be obtained by the Lenders therefrom;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) with respect to which the provision of such guarantee of the Senior Secured Facilities Obligations would result in material adverse tax consequences to the Parent Borrower or one of its Subsidiaries (as determined by the Borrower Representative in good faith, which determination shall be conclusive, and notified in writing to the Administrative Agent); provided, however, that this subsection (d) shall also apply to any guarantee of the Senior Secured Facilities Obligations provided by a Subsidiary of a Foreign Subsidiary that would result in material adverse tax consequences to the Parent Borrower or one of its Subsidiaries (as determined by the Borrower Representative in good faith, which determination shall be conclusive, and notified in writing to the Administrative Agent), and in such case, such Subsidiary of a Foreign Subsidiary shall be an Excluded Subsidiary pursuant to this clause (d);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) [reserved];

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) that is a joint venture or Non-Wholly Owned Subsidiary;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) that is an Unrestricted Subsidiary;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) that is a Captive Insurance Subsidiary;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) that is a Special Purpose Entity;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) that is a Subsidiary acquired by the Parent Borrower or any Subsidiary and, at the time of the relevant acquisition, is an obligor in respect of Acquired Indebtedness to the extent (and solely for so long as) the documents or instruments governing the applicable Acquired Indebtedness prohibits such Subsidiary from granting a Guarantee of the Senior Secured Facilities Obligations (or, if applicable, the Foreign Senior Secured Facilities Obligations); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) that is an Escrow Subsidiary;

<u>provided</u> that, notwithstanding the foregoing, (x) any Subsidiary that Guarantees the payment of the Other Secured Debt shall not be an Excluded Subsidiary and (y) any Subsidiary that becomes a Designated Borrower shall not be an Excluded Subsidiary; <u>provided</u> <u>further</u> that, notwithstanding the foregoing, any Subsidiary Guarantor that becomes an Excluded Subsidiary by virtue of becoming non-wholly owned as a result of a transfer of such Subsidiary Guarantor's equity interests to any affiliate of the Parent Borrower in connection with a non-bona fide transaction the primary purpose

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(as determined by the Parent Borrower in good faith, which determination shall be conclusive) of which was to cause such entity to become an Excluded Subsidiary shall not be released from its guaranty of the Senior Secured Facilities Obligations (or, in the case of a Foreign Subsidiary, the applicable Foreign Subsidiary Senior Secured Facilities Obligations) (and Collateral owned by such Subsidiary Guarantor shall not be released) without the written consent of the Administrative Agent.

Subject to the first proviso in the preceding sentence, any Subsidiary that fails to meet the foregoing requirements as of the last day of the period of the most recent four consecutive fiscal quarters for which consolidated financial statements of the Parent Borrower are available shall continue to be deemed an Excluded Subsidiary hereunder until the date that is 60 days following the date on which such annual or quarterly financial statements were required to be delivered pursuant to <u>Subsection 7.1</u> with respect to such period.

"<u>Excluded Taxes</u>": (<u>a</u>) any Taxes measured by or imposed upon the net income of any Agent or Lender or its applicable lending office, or any branch or affiliate thereof, and all franchise Taxes, branch Taxes, Taxes on doing business or Taxes measured by or imposed upon the overall capital or net worth of any such Agent or Lender or its applicable lending office, or any branch or affiliate thereof, in each case imposed: (<u>i</u>) by the jurisdiction under the laws of which such Agent or Lender, applicable lending office, branch or affiliate is organized or is located, or in which its principal executive office is located, or any nation within which such jurisdiction is located or any political subdivision thereof; or (<u>ii</u>) by reason of any connection between the jurisdiction imposing such Tax and such Agent or Lender, applicable lending office, branch or affiliate other than a connection arising solely from such Agent or Lender having executed, delivered or performed its obligations under, or received payment under or enforced, this Agreement or any Notes, (<u>b</u>) any Tax imposed by FATCA, in each case, excluding any non-arm's length or "specified non-resident shareholder" relationship that is attributable solely to a Lender or Agent having executed, delivered or performed its obligations under, or received payment under or enforced, this Agreement or any Notes, (<u>c</u>) attributable to any Agent or Lender's failure to comply with the requirements of clause (b), (c), (d), (e) or (f) of <u>Subsection 4.11</u> or with the requirements of <u>Subsection 4.13</u>, or (<u>d</u>) in the case of a Lender, U.S. federal withholding Taxes imposed, unless such Taxes are imposed as a result of a change in treaty, law or regulation that occurred after the date on which such Agent became an Agent hereunder or such Lender became a Lender hereunder (or, if such Agent or Lender is a non-U.S. intermediary or flow-through entity for U.S. federal income tax purposes, after the date on which the relevant beneficiary or member of such Agent or Lender became such a beneficiary or member, if later) (any such change, at such time, a "<u>Change in Law</u>"). For purposes of this definition, the term "Lender" includes any Issuing Bank.

"<u>Exempt Sale and Leaseback Transaction</u>": any Sale and Leaseback Transaction (<u>a</u>) in which the sale or transfer of property occurs within 180 days of the acquisition of such property by the Parent Borrower or any of its Subsidiaries or (<u>b</u>) that involves property with a book value equal to the greater of $129,000,000 and 30.00% of Four Quarter Consolidated EBITDA (as of the date on which a legally binding commitment for such Sale and Leaseback Transaction was entered into) or less and is not part of a series of related Sale and Leaseback Transactions involving property with an aggregate value in excess of such amount and entered into with a single Person or group of Persons.

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For purposes of the foregoing, "Sale and Leaseback Transaction" means any arrangement with any Person providing for the leasing by the Parent Borrower or any of its Subsidiaries of real or personal property that has been or is to be sold or transferred by the Parent Borrower or any such Subsidiary to such Person or to any other Person to whom funds have been or are to be advanced by such Person on the security of such property or rental obligations of the Parent Borrower or such Subsidiary.

"<u>Existing Interest Rate</u>": as defined in <u>Subsection 2.8(d)(v)</u>.

"<u>Existing Letters of Credit</u>": Letters of Credit issued prior to, and outstanding on, the Closing Date and disclosed on <u>Schedule 1.1(d)</u>.

"<u>Existing Loans</u>": as defined in <u>Subsection 2.10(a)</u>.

"<u>Existing Revolving Commitments</u>": as defined in <u>Subsection 2.10(a)</u>.

"<u>Existing Revolving Tranche</u>": as defined in <u>Subsection 2.10(a)</u>.

"<u>Existing Term Loans</u>": as defined in <u>Subsection 2.10(a)</u>.

"<u>Existing Term Tranche</u>": as defined in <u>Subsection 2.10(a)</u>.

"<u>Existing Tranche</u>": as defined in <u>Subsection 2.10(a)</u>.

"<u>Extended Loans</u>": as defined in <u>Subsection 2.10(a)</u>.

"<u>Extended Revolving Commitments</u>": as defined in <u>Subsection 2.10(a)</u>.

"<u>Extended Revolving Loans</u>": as defined in <u>Subsection 2.10(a)</u>.

"<u>Extended Revolving Tranche</u>": as defined in <u>Subsection 2.10(a)</u>.

"<u>Extended Term Loans</u>": as defined in <u>Subsection 2.10(a)</u>.

"<u>Extended Term Tranche</u>": as defined in <u>Subsection 2.10(a)</u>.

"<u>Extended Tranche</u>": as defined in <u>Subsection 2.10(a)</u>.

"<u>Extending Lender</u>": as defined in <u>Subsection 2.10(b)</u>.

"<u>Extension</u>": as defined in <u>Subsection 2.10(b)</u>.

"<u>Extension Amendment</u>": as defined in <u>Subsection 2.10(c)</u>.

"<u>Extension Date</u>": as defined in <u>Subsection 2.10(d)</u>.

"<u>Extension Election</u>": as defined in <u>Subsection 2.10(b)</u>.

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"<u>Extension of Credit</u>": as to any Lender, the making of an Initial Term Loan (excluding any Supplemental Term Loans being made under the Initial Term Loan Tranche), a Revolving Loan, a Swing Line Loan or an Incremental Revolving Loan (other than the initial extension of credit thereunder), and with respect to an Issuing Bank, the issuance of a Letter of Credit.

"<u>Extension Request</u>": as defined in <u>Subsection 2.10(a)</u>.

"<u>Extension Request Deadline</u>": as defined in <u>Subsection 2.10(b)</u>.

"<u>Extension Series</u>": all Extended Loans or Extended Revolving Commitments, as applicable, that are established pursuant to the same Extension Amendment (or any subsequent Extension Amendment to the extent such Extension Amendment expressly provides that the Extended Loans or Extended Revolving Commitments, as applicable, provided for therein are intended to be part of any previously established Extension Series) and that provide for the same interest margins and amortization schedule.

"<u>Facility</u>": each of (<u>a</u>) the Initial Term Loan Commitments and the Extensions of Credit made thereunder (the "<u>Initial Term Loan Facility</u>"), (<u>b</u>) the Initial Revolving Commitments and the Extensions of Credit made thereunder, the L/C-B/A Obligations thereunder and the Reimbursement Obligations thereunder (the "<u>Initial Revolving Facility</u>"), (<u>c</u>) Incremental Term Loans of the same Tranche, (<u>d</u>) Incremental Revolving Commitments of the same Tranche and Extensions of Credit made thereunder, (<u>e</u>) any Extended Term Loans of the same Extension Series, (<u>f</u>) any Extended Revolving Commitments of the same Extension Series and Extensions of Credit made thereunder, (<u>g</u>) any Specified Refinancing Term Loans of the same Tranche and (<u>h</u>) any Specified Refinancing Revolving Commitments of the same Tranche and Extensions of Credit made thereunder, and collectively the "<u>Facilities</u>."

"<u>Fair Market Value</u>": with respect to any asset or property, the fair market value of such asset or property as determined in good faith by senior management of the Borrower Representative or the Board of Directors, whose determination shall be conclusive.

"<u>FATCA</u>": Sections 1471 through 1474 of the Code as in effect on the Closing Date (and any amended or successor provisions that are substantively comparable), and any regulations or other administrative authority promulgated thereunder, any agreements entered into pursuant to Section 1471(b)(1) of the Code, any intergovernmental agreement entered into in connection with any of the foregoing and any fiscal or regulatory legislation, rules or practices adopted pursuant to any such intergovernmental agreement.

"<u>FCPA</u>": the Foreign Corrupt Practices Act, 15 U.S.C. §§ 78dd-1, et seq.

"<u>Federal District Court</u>": as defined in <u>Subsection 11.13(a)</u>.

"<u>Federal Funds Effective Rate</u>": for any day, the rate calculated by the NYFRB based on such day's federal funds transactions by depositary institutions, as determined in such manner as the NYFRB shall set forth on its public website from time to time, and published on the next succeeding Business Day by the NYFRB as the federal funds effective rate, <u>provided</u> that, if the Federal Funds Effective Rate shall be less than zero, such rate shall be deemed to zero for the purposes of calculating such rate.

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"<u>Fee Letter</u>": the Administrative Agent Fee Letter, dated as of February 10, 2025, by and between the Parent Borrower and the Administrative Agent.

"<u>Financial Covenant Event of Default</u>": as defined in <u>Subsection 9.1(c)</u>.

"<u>Financial Covenant Representation Event of Default</u>": as defined in <u>Subsection 9.1(b)</u>.

"<u>Financial Covenant Test Condition</u>": as defined in <u>Subsection 8.11</u>.

"<u>Financial Incurrence Tests</u>": as defined in <u>Subsection</u> <u>1.2(p)</u>.

"<u>Financing Disposition</u>": any sale, transfer, conveyance or other disposition of, or creation or incurrence of any Lien on, property or assets (<u>a</u>) by the Parent Borrower or any Subsidiary thereof to or in favor of any Special Purpose Entity, or by any Special Purpose Subsidiary, in each case in connection with the Incurrence by a Special Purpose Entity of Indebtedness, or obligations to make payments to the obligor on Indebtedness, which may be secured by a Lien in respect of such property or assets or (<u>b</u>) by the Parent Borrower or any Subsidiary thereof to or in favor of any Special Purpose Entity that is not a Special Purpose Subsidiary.

"<u>Financing Lease</u>": any lease of property, real or personal, the obligations of the lessee in respect of which are required to be classified and accounted for as a financing lease (and not, for the avoidance of doubt, as an operating lease) on the balance sheet of such lessee for financial reporting purposes in accordance with GAAP prior to the adoption of Accounting Standards Update No. 2016-02, Leases (Topic 842) by the Financial Accounting Standards Board (and all calculations and deliverables under this Agreement (other than those made pursuant to <u>Subsection 7.1</u>) shall be made or delivered, as applicable, based on GAAP as in effect prior to such adoption). The Stated Maturity of any Financing Lease shall be the date of the last payment of rent or any other amount due under the related lease.

"<u>Financing Lease Obligation</u>": an obligation under any Financing Lease.

"<u>FIRREA</u>": the Financial Institutions Reform, Recovery and Enforcement Act of 1989, as amended from time to time.

"<u>first priority</u>": with respect to any Lien purported to be created in any Collateral pursuant to any Security Document, that such Lien is the most senior Lien to which such Collateral is subject (subject to Liens permitted hereunder (including Permitted Liens) applicable to such Collateral which have priority over the respective Liens on such Collateral created pursuant to the relevant Security Document (or, in the case of Collateral constituting Pledged Stock (as defined in the Guarantee and Collateral Agreement), Permitted Liens of the type described in clauses (a), (k)(4)

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(other than subclause (z)), (l), (m), (n), (p)(1), (s) and, solely with respect to Permitted Liens described in the foregoing clauses, (o) of the definition thereof)). For purposes of this definition, a Lien purported to be created in any Collateral pursuant to any Security Document will be construed as the "most senior Lien" to which such Collateral is subject, notwithstanding the existence of a Permitted Lien on the Collateral that is pari passu with the Lien on such Collateral, so long as such Permitted Lien is subject to the terms of the Intercreditor Agreement or an Other Intercreditor Agreement.

"<u>Fixed Amounts</u>": as defined in <u>Subsection</u> <u>1.2(p)</u>.

"<u>Fixed GAAP Date</u>": the Closing Date; <u>provided</u> that at any time after the Closing Date, the Borrower Representative may by written notice to the Administrative Agent elect to change the Fixed GAAP Date to be the date specified in such notice, and upon such notice, the Fixed GAAP Date shall be such date for all periods beginning on and after the date specified in such notice.

"<u>Fixed GAAP Terms</u>": (<u>a</u>) the definitions of the terms "Capital Expenditures", "Consolidated Coverage Ratio", "Consolidated EBITDA", "Consolidated Interest Expense", "Consolidated Net Income", "Consolidated First Lien Indebtedness", "Consolidated First Lien Leverage Ratio", "Consolidated Secured Indebtedness", "Consolidated Secured Leverage Ratio", "Consolidated Total Assets", "Consolidated Total Indebtedness", "Consolidated Total Leverage Ratio", "Consolidated Working Capital", "Consolidation", "Domestic Borrowing Base", "Excess Cash Flow", "Foreign Borrowing Base", "Four Quarter Consolidated EBITDA", "Inventory" and "Receivable", (<u>b</u>) all defined terms in this Agreement to the extent used in or relating to any of the foregoing definitions, and all ratios and computations based on any of the foregoing definitions and (<u>c</u>) any other term or provision of this Agreement or the Loan Documents that, at the Borrower Representative's election, may be specified by the Borrower Representative by written notice to the Administrative Agent from time to time.

"<u>Foreign Borrower</u>": the German Borrower and any Designated Borrower that is a Foreign Subsidiary.

"<u>Foreign Borrowing Base</u>": the sum of (1) 90.0% of the book value of Inventory of the Parent Borrower's Foreign Subsidiaries, (2) 90.0% of the book value of Receivables of the Parent Borrower's Foreign Subsidiaries and (3) cash, Cash Equivalents and Temporary Cash Investments of the Parent Borrower's Foreign Subsidiaries (in each case, determined as of the end of the most recently ended fiscal month of the Parent Borrower for which internal consolidated financial statements of the Parent Borrower are available, and, in the case of any determination relating to any Incurrence of Indebtedness, on a pro forma basis including (x) any property or assets of a type described above acquired since the end of such fiscal month and (y) any property or assets of a type described above being acquired in connection therewith); <u>provided</u> that the Foreign Borrowing Base shall not exceed, at any time, an amount equal to the lesser of (x) the greater of $538,000,000 and 125.0% of Four Quarter Consolidated EBITDA *less* any amounts incurred in reliance on the Domestic Borrowing Base and (y) 50.0% of Four Quarter Consolidated EBITDA.

"<u>Foreign Loan Party</u>": a Loan Party that is organized under the laws of any jurisdiction outside of the United States of America.

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"<u>Foreign Pension Plan</u>": a registered pension plan which is subject to applicable pension legislation other than ERISA or the Code, which a Restricted Subsidiary sponsors or maintains, or to which it makes or is obligated to make contributions.

"<u>Foreign Plan</u>": each Foreign Pension Plan, deferred compensation or other retirement or superannuation plan, fund, program, agreement, commitment or arrangement whether oral or written, funded or unfunded, sponsored, established, maintained or contributed to, or required to be contributed to, or with respect to which any liability is borne, outside the United States of America, by the Parent Borrower or any of its Restricted Subsidiaries, other than any such plan, fund, program, agreement or arrangement sponsored by a Governmental Authority.

"<u>Foreign Secured Parties</u>": the "Secured Parties" as defined in any Foreign Security Document.

"<u>Foreign Security Documents</u>": the collective reference to any foreign security documents entered into and delivered to the Collateral Agent granting or perfecting a Lien on any asset or assets of any Person to secure the obligations and liabilities of any Foreign Loan Parties hereunder and/or under any of the other Loan Documents or to secure any guarantee of any such obligations and liabilities, including any security documents executed and delivered or caused to be delivered to the Collateral Agent pursuant to Subsection 7.9(a), 7.9(c) or 7.9(d), in each case, as amended, supplemented, waived or otherwise modified from time to time.

"<u>Foreign Senior Secured Facilities Obligations</u>": obligations of a Foreign Borrower and the other Foreign Loan Parties that are Subsidiaries of such Foreign Borrower and in the same jurisdiction as such Foreign Borrower from time to time arising under or in respect of the due and punctual payment of (i) the principal of and premium, if any, and interest (including interest accruing during (or that would accrue but for) the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding) on the Loans, when and as due, whether at maturity, by acceleration, upon one or more dates set for prepayment or otherwise and (ii) all other monetary obligations, including fees, costs, expenses and indemnities, whether primary, secondary, direct, contingent, fixed or otherwise (including monetary obligations incurred during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding), of such Foreign Borrower and such other Foreign Loan Parties under this Agreement and the other Loan Documents. Only where the context requires, the term Foreign Senior Secured Facilities Obligations shall refer to the obligations of all Foreign Borrowers and all Foreign Loan Parties.

"<u>Foreign Subsidiary</u>": any Subsidiary of the Parent Borrower (<u>a</u>) that is organized under the laws of any jurisdiction outside of the United States of America or (<u>b</u>) that is a Foreign Subsidiary Holdco. Any subsidiary of the Parent Borrower which is organized and existing under the laws of Puerto Rico or any other territory of the United States of America shall be a Foreign Subsidiary.

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"<u>Foreign Subsidiary Guarantor</u>": (x) each Foreign Subsidiary (other than any Excluded Subsidiary) that is a Subsidiary of Parent Borrower or a Foreign Borrower and, in each case, in the same jurisdiction as such Foreign Borrower which executes and delivers a Subsidiary Guaranty pursuant to Subsection 7.9 or otherwise, in each case, unless and until such time as the respective Foreign Subsidiary Guarantor (a) ceases to constitute a Foreign Subsidiary of Parent Borrower or such Foreign Borrower in accordance with the terms and provisions hereof, (b) is designated an Unrestricted Subsidiary pursuant to the terms of this Agreement or (c) is released from all of its obligations under the Subsidiary Guaranty in accordance with terms and provisions thereof and (y) each other Foreign Subsidiary which such Foreign Borrower causes to execute and deliver a Subsidiary Guaranty pursuant to the last sentence of Subsection 7.9(c) or otherwise, in each case, unless and until such time as the respective Foreign Subsidiary Guarantor (a) ceases to constitute a Foreign Subsidiary of Parent Borrower or an applicable Foreign Borrower or ceases to be in the same jurisdiction as such Foreign Borrower in accordance with the terms and provisions hereof, (b) is designated an Unrestricted Subsidiary pursuant to the terms of this Agreement or (c) is released from all of its obligations under the Subsidiary Guaranty in accordance with terms and provisions thereof.

"<u>Foreign Subsidiary Holdco</u>": any Restricted Subsidiary of the Parent Borrower, so long as such Restricted Subsidiary has no material assets other than shares, equity interests, Capital Stock or other securities or indebtedness of one or more Foreign Subsidiaries (or Subsidiaries thereof), intellectual property relating to such Foreign Subsidiaries (or Subsidiaries thereof), and/or other assets (including cash, Cash Equivalents and Temporary Cash Investments) relating to an ownership interest in any such securities, indebtedness, intellectual property or Subsidiaries. Any Subsidiary which is a Foreign Subsidiary Holdco that fails to meet the foregoing requirements as of the last day of the period for which consolidated financial statements of the Parent Borrower are available shall continue to be deemed a "Foreign Subsidiary Holdco" hereunder until the date that is 60 days following the date on which such annual or quarterly financial statements were required to be delivered pursuant to <u>Subsection 7.1</u> with respect to such period.

"<u>Four Quarter Consolidated EBITDA</u>": as of any date of determination, the aggregate amount of Consolidated EBITDA for the period of the most recent four consecutive fiscal quarters of the Parent Borrower ending prior to the date of such determination for which consolidated financial statements of the Parent Borrower are available, <u>provided</u> that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) if, since the beginning of such period, the Parent Borrower or any Restricted Subsidiary shall have made a Sale (including any Sale occurring in connection with a transaction causing a calculation to be made hereunder), the Consolidated EBITDA for such period shall be reduced by an amount equal to the Consolidated EBITDA (if positive) attributable to the company, business, group of assets or Subsidiary that are the subject of such Sale for such period or increased by an amount equal to the Consolidated EBITDA (if negative) attributable thereto for such period;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) if, since the beginning of such period, the Parent Borrower or any Restricted Subsidiary (by merger, consolidation or otherwise) shall have made a Purchase (including any Purchase occurring in connection with a transaction causing a calculation to be made hereunder), Consolidated EBITDA for such period shall be calculated after giving pro forma effect thereto as if such Purchase occurred on the first day of such period; and

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) if, since the beginning of such period, any Person became a Restricted Subsidiary or was merged or consolidated with or into the Parent Borrower or any Restricted Subsidiary, and since the beginning of such period such Person shall have made any Sale or Purchase that would have required an adjustment pursuant to clause (1) or (2) above if made by the Parent Borrower or a Restricted Subsidiary since the beginning of such period, Consolidated EBITDA for such period shall be calculated after giving pro forma effect thereto as if such Sale or Purchase occurred on the first day of such period.

For purposes of this definition, whenever pro forma effect is to be given to any Sale, Purchase or other transaction, or the amount of income or earnings relating thereto, the pro forma calculations in respect thereof (including in respect of anticipated cost savings or synergies relating to any such Sale, Purchase or other transaction) shall be as determined in good faith by the Chief Financial Officer or another Responsible Officer of the Borrower Representative, which determination shall be conclusive; <u>provided</u> that with respect to cost savings or synergies relating to any Sale, Purchase or other transaction, the related actions are expected by the Parent Borrower to be taken no later than 36 months after the date of determination.

"<u>Funded Debt</u>": as to any Person, all Indebtedness of such Person that matures more than one year from the date of its creation or matures within one year from such date but is renewable or extendible, at the option of such Person, to a date more than one year from such date or arises under a revolving credit or similar agreement that obligates the lender or lenders to extend credit during a period of more than one year from such date, including all current maturities and current sinking fund payments in respect of such Indebtedness whether or not required to be paid within one year from the date of its creation and, in the case of the Borrowers, Indebtedness in respect of the Loans.

"<u>GAAP</u>": generally accepted accounting principles in the United States of America as in effect on the Fixed GAAP Date (for purposes of the Fixed GAAP Terms) and as in effect from time to time (for all other purposes of this Agreement), including those set forth in the opinions and pronouncements of the Accounting Principles Board of the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board or in such other statements by such other entity as approved by a significant segment of the accounting profession, and subject to the following sentence. If at any time the SEC permits or requires U.S. domiciled companies subject to the reporting requirements of the Exchange Act to use IFRS in lieu of GAAP for financial reporting purposes, the Parent Borrower may elect by written notice to the Administrative Agent to so use IFRS in lieu of GAAP and, upon any such notice, references herein to GAAP shall thereafter be construed to mean (<u>a</u>) for periods beginning on and after the date specified in such notice, IFRS as in effect on the date specified in such notice (for purposes of the Fixed GAAP Terms) and as in effect from time to time (for all other purposes of this Agreement) and (<u>b</u>) for prior periods, GAAP as defined in the first sentence of this definition. All ratios and computations based on GAAP contained in this Agreement shall be computed in conformity with GAAP.

"<u>German Borrower</u>": as defined in the Preamble hereto.

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"<u>Governmental Authority</u>": the government of the United States or any other nation, or of any political subdivision thereof, whether state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to government (including any supranational bodies such as the European Union or the European Central Bank).

"<u>Guarantee</u>": any obligation, contingent or otherwise, of any Person directly or indirectly guaranteeing any Indebtedness or other obligation of any other Person; <u>provided</u> that the term "Guarantee" shall not include endorsements for collection or deposit in the ordinary course of business. The term "Guarantee" used as a verb has a corresponding meaning.

"<u>Guarantee and Collateral Agreement</u>": the Guarantee and Collateral Agreement delivered to the Collateral Agent as of the Closing Date, substantially in the form of <u>Exhibit B</u> hereto, as the same may be amended, supplemented, waived or otherwise modified from time to time.

"<u>Guarantee Obligation</u>": as to any Person (the "<u>guaranteeing person</u>"), any obligation of (<u>a</u>) the guaranteeing person or (<u>b</u>) another Person (including any bank under any letter of credit) to induce the creation of which the guaranteeing person has issued a reimbursement, counterindemnity or similar obligation, in either case guaranteeing or in effect guaranteeing any Indebtedness, leases, dividends or other obligations (the "<u>primary obligations</u>") of any other third Person (the "<u>primary obligor</u>") in any manner, whether directly or indirectly, including any such obligation of the guaranteeing person, whether or not contingent, (<u>i</u>) to purchase any such primary obligation or any property constituting direct or indirect security therefor, (<u>ii</u>) to advance or supply funds (<u>A</u>) for the purchase or payment of any such primary obligation or (<u>B</u>) to maintain working capital or equity capital of the primary obligor or otherwise to maintain the net worth or solvency of the primary obligor, (<u>iii</u>) to purchase property, securities or services primarily for the purpose of assuring the owner of any such primary obligation of the ability of the primary obligor to make payment of such primary obligation or (<u>iv</u>) otherwise to assure or hold harmless the owner of any such primary obligation against loss in respect thereof; <u>provided</u>, <u>however</u>, that the term Guarantee Obligation shall not include endorsements of instruments for deposit or collection in the ordinary course of business. The amount of any Guarantee Obligation of any guaranteeing person shall be deemed to be the lower of (<u>a</u>) an amount equal to the stated or determinable amount of the primary obligation in respect of which such Guarantee Obligation is made and (<u>b</u>) the maximum amount for which such guaranteeing person may be liable pursuant to the terms of the instrument embodying such Guarantee Obligation, unless such primary obligation and the maximum amount for which such guaranteeing person may be liable are not stated or determinable, in which case the amount of such Guarantee Obligation shall be such guaranteeing person's maximum reasonably anticipated liability in respect thereof as determined by the Borrower Representative in good faith, which determination shall be conclusive.

"<u>Guarantor Subordinated Obligations</u>": with respect to a Subsidiary Guarantor, any Indebtedness of such Subsidiary Guarantor (whether outstanding on the Closing Date or thereafter Incurred) that is expressly subordinated in right of payment to the obligations of such Subsidiary Guarantor under its Subsidiary Guaranty pursuant to a written agreement.

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"<u>Guarantors</u>": the collective reference to (<u>x</u>) each Subsidiary Guarantor that is a Domestic Subsidiary, (<u>y</u>) the Parent Borrower (solely with respect to the obligations hereunder and under each other Loan Document of a Foreign Borrower) and (<u>z</u>) each Foreign Subsidiary Guarantor (solely with respect to the obligations hereunder and under each other Loan Document of (<u>i</u>) the Foreign Borrower that such Foreign Subsidiary Guarantor is a Subsidiary of and in the same jurisdiction as and (<u>ii</u>) such other Foreign Subsidiary Guarantors that are Subsidiaries of such Foreign Borrower and in the same jurisdiction as such Foreign Borrower), in each case that is from time to time party to the Guarantee and Collateral Agreement or any other guarantee and/or collateral agreement entered into from time to time; each individually, a "<u>Guarantor</u>."

"<u>Hazardous Materials</u>": all explosive or radioactive substances or wastes and all hazardous or toxic substances, wastes or other pollutants, including petroleum or petroleum distillates, asbestos or asbestos-containing materials, polychlorinated biphenyls, radon gas, infectious or medical wastes and all other substances or wastes of any nature regulated pursuant to any Environmental Law.

"<u>Hedge Agreements</u>": collectively, Interest Rate Agreements, Currency Agreements and Commodities Agreements.

"<u>Hedging Obligations</u>": as to any Person, the obligations of such Person pursuant to any Interest Rate Agreement, Currency Agreement or Commodities Agreement.

"<u>HIBOR Rate</u>": for any day and time, with respect to any Term Benchmark Borrowing denominated in Hong Kong Dollars for any Interest Period, the HIBOR Screen Rate, as published at approximately 11:30 a.m. Hong Kong time as of the first day of such interest period.

"<u>HIBOR Screen Rate</u>": with respect to any Interest Period, the percentage rate per annum for deposits in Hong Kong Dollars for a period beginning on the first day of such Interest Period and ending on the last day of such Interest Period, displayed under the heading "HKAB HKD Interest Settlement Rates" on the Reuters Screen HKABHIBOR Page (or, in the event such rate does not appear on such Reuters page, on any successor or substitute page on such screen that displays such rate, or on the appropriate page of such other information service that publishes such rate as selected by the Administrative Agent from time to time in its reasonable discretion) as of 11:00 a.m. Hong Kong time two business days prior to the commencement of such Interest Period. If the HIBOR Screen Rate shall be less than zero, the HIBOR Screen Rate shall be deemed to be zero for purposes of this Agreement.

"<u>Hong Kong Dollar</u>": the lawful currency of Hong Kong.

"<u>Identified Participating Lenders</u>": as defined in <u>Subsection 4.4(l)(iii)(3)</u>.

"<u>Identified Qualifying Lenders</u>": as defined in <u>Subsection 4.4(l)(iv)(3)</u>.

"<u>IFRS</u>": International Financial Reporting Standards and applicable accounting requirements set by the International Accounting Standards Board or any successor thereto (or the Financial Accounting Standards Board, the Accounting Principles Board of the American Institute of Certified Public Accountants, or any successor to either such board, or the SEC, as the case may be), as in effect from time to time.

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"<u>Immaterial Subsidiary</u>": any Subsidiary of the Parent Borrower designated as such in writing by the Borrower Representative to the Administrative Agent that (<u>i</u>) (<u>x</u>) contributed 15.0% or less of Consolidated EBITDA for the period of the most recent four consecutive fiscal quarters ending prior to the date of such determination for which consolidated financial statements of the Parent Borrower are available, and (<u>y</u>) had consolidated assets representing 15.0% or less of Consolidated Total Assets as of the end of the most recently ended financial period for which consolidated financial statements of the Parent Borrower are available; and (<u>ii</u>) together with all other Immaterial Subsidiaries designated pursuant to the preceding clause (i), (<u>x</u>) contributed 15.0% or less of Consolidated EBITDA for the period of the most recent four consecutive fiscal quarters ending prior to the date of such determination for which consolidated financial statements of the Parent Borrower are available, and (<u>y</u>) had consolidated assets representing 15.0% or less of Consolidated Total Assets as of the end of the most recently ended financial period for which consolidated financial statements of the Parent Borrower are available. Any Subsidiary so designated as an Immaterial Subsidiary that fails to meet the foregoing requirements as of the last day of the period of the most recent four consecutive fiscal quarters for which consolidated financial statements of the Parent Borrower are available shall continue to be deemed an "Immaterial Subsidiary" hereunder until the date that is 60 days following the date on which such annual or quarterly financial statements were required to be delivered pursuant to <u>Subsection 7.1(a)</u> or <u>7.1(b)</u> with respect to such period.

"<u>Increase Supplement</u>": as defined in <u>Subsection 2.8(c)</u>.

"<u>Increased Amount</u>": as defined in <u>Subsection 2.8(d)(v)</u>.

"<u>Incremental Commitment Amendment</u>": as defined in <u>Subsection 2.8(d)</u>.

"<u>Incremental Commitments</u>": as defined in <u>Subsection 2.8(a)</u>.

"<u>Incremental Indebtedness</u>": Indebtedness Incurred by a Borrower pursuant to and in accordance with <u>Subsection 2.8</u>.

"<u>Incremental L/C-B/A Commitments</u>": as defined in <u>Subsection 2.8(a)</u>.

"<u>Incremental Lenders</u>": as defined in <u>Subsection 2.8(b)</u>.

"<u>Incremental Loans</u>": as defined in <u>Subsection 2.8(d)</u>.

"<u>Incremental Revolving Commitments</u>": as defined in <u>Subsection 2.8(a)</u>.

"<u>Incremental Revolving Loans</u>": any loans drawn under an Incremental Revolving Commitment.

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"<u>Incremental Term Loan</u>": any Incremental Loan made pursuant to an Incremental Term Loan Commitment.

"<u>Incremental Term Loan Commitments</u>": as defined in <u>Subsection 2.8(a)</u>.

"<u>Incur</u>": issue, assume, enter into any Guarantee of, incur or otherwise become liable for; and the terms "<u>Incurs</u>," "<u>Incurred</u>" and "<u>Incurrence</u>" shall have a correlative meaning; <u>provided</u> that any Indebtedness or Capital Stock of a Person existing at the time such Person becomes a Subsidiary (whether by merger, consolidation, acquisition or otherwise) shall be deemed to be Incurred by such Subsidiary at the time it becomes a Subsidiary. Accrual of interest, the accretion of accreted value, the payment of interest in the form of additional Indebtedness, and the payment of dividends on Capital Stock constituting Indebtedness in the form of additional shares of the same class of Capital Stock, will not be deemed to be an Incurrence of Indebtedness. Any Indebtedness issued at a discount (including Indebtedness on which interest is payable through the issuance of additional Indebtedness) shall be deemed Incurred at the time of original issuance of the Indebtedness at the initial accreted amount thereof.

"<u>Incurrence Based Amounts</u>": as defined in <u>Subsection</u> <u>1.2(p)</u>.

"<u>Indebtedness</u>": with respect to any Person on any date of determination (without duplication):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the principal of indebtedness of such Person for borrowed money;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the principal of obligations of such Person evidenced by bonds, debentures, notes or other similar instruments;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) all reimbursement obligations of such Person in respect of letters of credit, bankers' acceptances or other similar instruments (the amount of such obligations being equal at any time to the aggregate then undrawn and unexpired amount of such letters of credit, bankers' acceptances or other instruments plus the aggregate amount of drawings thereunder that have not then been reimbursed) (except to the extent such reimbursement obligations relate to Trade Payables and such obligations have been satisfied within 90 days of becoming due and payable);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) the principal component of all obligations of such Person to pay the deferred and unpaid purchase price of property (except Trade Payables), which purchase price is due more than one year after the date of placing such property in final service or taking final delivery and title thereto;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) all Financing Lease Obligations of such Person;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) the redemption, repayment or other repurchase amount of such Person with respect to any Disqualified Stock of such Person or (if such Person is a Subsidiary of the Parent Borrower other than a Subsidiary Guarantor) any Preferred Stock of such Subsidiary, but excluding, in each case, any accrued dividends (the amount of such obligation to be equal at any time to the maximum fixed involuntary redemption, repayment or repurchase price for such Capital Stock, or if less (or if such Capital Stock has no such fixed price), to the involuntary redemption, repayment or repurchase price therefor calculated in accordance with the terms thereof as if then redeemed, repaid or repurchased, and if such price is based upon or measured by the fair market value of such Capital Stock, such fair market value shall be as determined in good faith by senior management of the Borrower Representative, the Board of Directors of the Borrower Representative or the Board of Directors of the issuer of such Capital Stock, in each case which determination shall be conclusive);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) all Indebtedness of other Persons secured by a Lien on any asset of such Person, whether or not such Indebtedness is assumed by such Person; <u>provided</u> that the amount of Indebtedness of such Person shall be the lesser of (<u>A</u>) the fair market value of such asset at such date of determination (as determined in good faith by the Borrower Representative, which determination shall be conclusive) and (<u>B</u>) the amount of such Indebtedness of such other Persons;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii) all Guarantees by such Person of Indebtedness of other Persons, to the extent so Guaranteed by such Person; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ix) to the extent not otherwise included in this definition, net Hedging Obligations of such Person (the amount of any such obligation to be equal at any time to the termination value of such agreement or arrangement giving rise to such Hedging Obligation that would be payable by such Person at such time);

<u>provided</u> that Indebtedness shall not include (<u>p</u>) any obligations whatsoever in respect of Vendor Financing Arrangements, (<u>q</u>) asset retirement obligations and obligations in respect of workers' compensation (including pensions and retiree medical care) that are not overdue by more than sixty (60) days, (<u>r</u>) accrued expenses and royalties, (<u>s</u>) prepaid or deferred revenue arising in the ordinary course of business, (<u>t</u>) any obligations attributable to the exercise of dissenters' or appraisal rights and the settlement of any claims or actions (whether actual, contingent or potential) with respect thereto, (<u>u</u>) any liability for federal, state, local or other taxes owed or owing to any government or other taxing authority, (<u>v</u>) purchase price holdbacks in respect of a portion of the purchase price of an asset to satisfy warranty or other unperformed obligations of the respective seller, (<u>w</u>) obligations, to the extent such obligations constitute Indebtedness, under any agreement that has been defeased or satisfied and discharged pursuant to the terms of such agreement, (<u>x</u>) Contingent Obligations incurred in the ordinary course of business or consistent with past practice, (<u>y</u>) in connection with the purchase by the Parent Borrower or any Restricted Subsidiary of any business, any post-closing payment adjustments to which the seller may become entitled to the extent such payment is determined by a final closing balance sheet or such payment depends on the performance of such business after the closing (so long as (<u>i</u>) at the time of closing, the amount of any such payment is not determinable and (<u>ii</u>) to the extent such payment thereafter becomes fixed and determined, the amount is paid in a timely manner) or (<u>z</u>) for the avoidance of doubt, any obligations or liabilities which would be required to be classified and accounted for as an operating lease for financial reporting purposes in accordance with GAAP prior to the adoption of Accounting Standards Update No. 2016-02, Leases (Topic 842) by the Financial Accounting Standards Board.

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The amount of Indebtedness of any Person at any date shall be determined as set forth above or as otherwise provided for in this Agreement, or otherwise shall equal the amount thereof that would appear as a liability on a balance sheet of such Person (excluding any notes thereto) prepared in accordance with GAAP.

For all purposes hereunder, the Indebtedness of the Parent Borrower and its Restricted Subsidiaries shall exclude all intercompany Indebtedness having a term not exceeding 365 days (inclusive of any roll-over or extensions or term) and made in the ordinary course of business or consistent with past practice.

"<u>Indemnified Liabilities</u>": as defined in <u>Subsection 11.5(d)</u>.

"<u>Indemnitee</u>": as defined in <u>Subsection 11.5(d)</u>.

"<u>Initial Agreement</u>": as defined in <u>Subsection 8.3(c)</u>.

"<u>Initial Default</u>": as defined in <u>Subsection 1.2(c)</u>.

"<u>Initial Lien</u>": as defined in <u>Subsection 8.6</u>.

"<u>Initial Revolving Commitment</u>": as to any Lender, its obligation to make Initial Revolving Loans to, and/or make or participate in Swing Line Loans made to, and/or issue or participate in Letters of Credit issued on behalf of, the Borrowers in an aggregate amount not to exceed at any one time outstanding the amount set forth opposite such Lender's name in <u>Schedule A</u> under the heading "Initial Revolving Commitment" or, in the case of any Lender that is an Assignee, the amount of the assigning Lender's Initial Revolving Commitment assigned to such Assignee pursuant to <u>Subsection 11.6(b)</u> (in each case as such amount may be adjusted from time to time as provided herein); collectively, as to all the Lenders, the "Initial Revolving Commitments." The aggregate amount of the Initial Revolving Commitments as of the Closing Date is $500,000,000.

"<u>Initial Revolving Commitment Period</u>": the period from and including the Closing Date to but not including the Initial Revolving Maturity Date, or such earlier date as the Initial Revolving Commitments shall terminate as provided herein.

"<u>Initial Revolving Facility</u>": as defined in the definition of "Facility."

"<u>Initial Revolving Facility Discharge</u>": (<u>i</u>) the termination of all Initial Revolving Commitments, (<u>ii</u>) the payment in full in cash of the Initial Revolving Loans, all L/C-B/A Obligations, all Reimbursement Obligations, as well as all other Obligations in respect of the Initial Revolving Facility then due and owing to any Revolving Lender and (<u>iii</u>) the termination of all Letters of Credit (unless cash collateralized or otherwise provided for in a manner reasonably satisfactory to the Administrative Agent and the applicable Issuing Bank).

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"<u>Initial Revolving Lender</u>": any Lender having an Initial Revolving Commitment and/or an Initial Revolving Loan outstanding hereunder.

"<u>Initial Revolving Loans</u>": as defined in <u>Subsection 2.1(b)</u>.

"<u>Initial Revolving Maturity Date</u>": February 3, 2031; <u>provided</u> that, if such date is a day other than a Business Day, the Initial Revolving Maturity Date shall be the next succeeding Business Day.

"<u>Initial Term Loan</u>": as defined in <u>Subsection 2.1(a)</u>.

"<u>Initial Term Loan Commitment</u>": as to any Lender, its obligation to make Initial Term Loans to the Parent Borrower pursuant to <u>Subsection 2.1(a)</u> in an aggregate amount not to exceed at any one time outstanding the amount set forth opposite such Lender's name in <u>Schedule A</u> under the heading "Initial Term Loan Commitment"; collectively, as to all the Lenders, the "<u>Initial Term Loan Commitments</u>." The original aggregate amount of the Initial Term Loan Commitments on the Closing Date is $1,650,000,000.

"<u>Initial Term Loan Facility</u>": as defined in the definition of "Facility."

"<u>Initial Term Loan Maturity Date</u>": February 3, 2033.

"<u>Insolvency</u>": with respect to any Multiemployer Plan, the condition that such Plan is insolvent within the meaning of Section 4245 of ERISA.

"<u>Insolvency Regulation</u>": the Council Regulation (EC) No. 1346/2000 29 May 2000 on Insolvency Proceedings.

"<u>Installment Date</u>": as defined in <u>Subsection 2.2(b)</u>.

"<u>Intercreditor Agreement</u>": the base intercreditor agreement, dated as of the Closing Date, by and between the Collateral Agent (in its capacity as the Original First Lien Agent, as defined in the Intercreditor Agreement) and the collateral agent under the documentation relating to the Other Secured Debt (in its capacity as January 2026 First Lien Agent, as defined in the Intercreditor Agreement), and acknowledged by the Parent Borrower and certain of the Guarantors, and as amended, supplemented, waived or otherwise modified from time to time.

"<u>Intercreditor Agreement Supplement</u>": as defined in <u>Subsection 10.8(a)</u>.

"<u>Interest Election Request</u>": a request by the Borrower to convert or continue a Revolving Borrowing in accordance with Section 4.2, which shall be substantially in the form approved by the Administrative Agent and separately provided to the Borrower Representative. 

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"<u>Interest Payment Date</u>": (<u>a</u>) as to any Base Rate Loan or Canadian Prime Rate Loan, the last Business Day of each March, June, September and December to occur while such Loan is outstanding, and the final maturity date of such Loan, (<u>b</u>) as to any Term Benchmark Loan having an Interest Period of three months or less, the last day of such Interest Period and the final maturity date of such Loan, (<u>c</u>) as to any Term Benchmark Loan having an Interest Period longer than three months, each day prior to the last day of such Interest Period that occurs at intervals of three months' duration after the first day of such Interest Period and the final maturity date of such Loan, (<u>d</u>) as to any RFR Loan, each date that is on the numerically corresponding day in each calendar month that is one month after the Borrowing of such Loan (or, if there is no such numerically corresponding day in such month, then the last day of such month) and the final maturity date of such Loan and (<u>e</u>) with respect to any Swingline Loan, the day that such Loan is required to be repaid and the final maturity date of such Loan.

"<u>Interest Period</u>": with respect to any Term Benchmark Loan:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) initially, the period commencing on the borrowing or conversion date, as the case may be, and ending (<u>i</u>) one or three months (or if agreed to by each affected Lender, 12 months or a shorter period) thereafter with respect to such Term Benchmark Loan bearing interest at a rate determined by reference to the Adjusted Term CORRA Rate and (<u>ii</u>) one, three or six months (or if agreed to by each affected Lender, 12 months or a shorter period) thereafter with respect to any other Term Benchmark Loan, as selected by the Borrower Representative in its notice of borrowing or notice of conversion, as the case may be, given with respect thereto; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) thereafter, each period commencing on the last day of the next preceding Interest Period applicable to such Term Benchmark Loan and ending (<u>i</u>) one or three months (or if agreed to by each affected Lender, 12 months or a shorter period) thereafter with respect to such Term Benchmark Loan bearing interest at a rate determined by reference to the Adjusted Term CORRA Rate and (<u>ii</u>) one, three or six months (or if agreed to by each affected Lender, 12 months or a shorter period) thereafter with respect to any other Term Benchmark Loan, as selected by the Borrower Representative by irrevocable notice to the Administrative Agent not less than three Business Days (or such shorter period as may be agreed by the Administrative Agent in its reasonable discretion) prior to the last day of the then current Interest Period with respect thereto; <u>provided</u> that all of the foregoing provisions relating to Interest Periods are subject to the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) if any Interest Period would otherwise end on a day that is not a Business Day, such Interest Period shall be extended to the next succeeding Business Day unless the result of such extension would be to carry such Interest Period into another calendar month in which event such Interest Period shall end on the immediately preceding Business Day;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) any Interest Period that would otherwise extend beyond the applicable Maturity Date shall (for all purposes other than <u>Subsection 4.12</u>) end on the applicable Maturity Date;

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) the Borrower Representative shall select Interest Periods so as not to require a scheduled payment of any Term Benchmark Loan during an Interest Period for such Term Benchmark Loan.

"<u>Interest Rate Agreement</u>": with respect to any Person, any interest rate protection agreement, future agreement, option agreement, swap agreement, cap agreement, collar agreement, hedge agreement or other similar agreement or arrangement (including derivative agreements or arrangements), as to which such Person is a party or a beneficiary.

"<u>Internal Control Event</u>": a material weakness in, or fraud that involves management or other employees who have a significant role in, the Parent Borrower's internal controls over financial reporting, in each case as described in the Securities Laws.

"<u>Inventory</u>": goods held for sale, lease or use by a Person in the ordinary course of business, net of any reserve for goods that have been segregated by such Person to be returned to the applicable vendor for credit, as determined in accordance with GAAP.

"<u>Investment</u>": in any Person by any other Person, any direct or indirect advance, loan or other extension of credit (other than to customers, dealers, distributors, licensees, franchisees, suppliers, consultants, directors, officers or employees of any Person in the ordinary course of business) or capital contribution (by means of any transfer of cash or other property to others or any payment for property or services for the account or use of others) to, or any purchase or acquisition of Capital Stock, Indebtedness or other similar instruments issued by, such Person. For purposes of the definition of "Unrestricted Subsidiary" and <u>Subsection 8.2</u> only, (<u>i</u>) "Investment" shall include the portion (proportionate to the Parent Borrower's equity interest in such Subsidiary) of the Fair Market Value of the net assets of any Subsidiary of the Parent Borrower at the time that such Subsidiary is designated an Unrestricted Subsidiary, <u>provided</u> that upon a redesignation of such Subsidiary as a Restricted Subsidiary, the Parent Borrower shall be deemed to continue to have a permanent "Investment" in an Unrestricted Subsidiary in an amount (if positive) equal to (<u>x</u>) the Parent Borrower's "Investment" in such Subsidiary at the time of such redesignation less (<u>y</u>) the portion (proportionate to the Parent Borrower's equity interest in such Subsidiary) of the Fair Market Value of the net assets of such Subsidiary at the time of such redesignation, (<u>ii</u>) any property transferred to or from an Unrestricted Subsidiary shall be valued at its fair market value (as determined in good faith by the Borrower Representative, which determination shall be conclusive) at the time of such transfer and (<u>iii</u>) for purposes of <u>Subsection 8.2(a)(3)(C)</u>, the amount resulting from the redesignation of any Unrestricted Subsidiary as a Restricted Subsidiary shall be the Fair Market Value of the Investment in such Unrestricted Subsidiary at the time of such redesignation. Guarantees shall not be deemed to be Investments. The amount of any Investment outstanding at any time shall be the original cost of such Investment, reduced (at the Borrower Representative's option) by any dividend, distribution, interest

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payment, return of capital, repayment or other amount or value received in respect of such Investment; <u>provided</u> that to the extent that the amount of Restricted Payments outstanding at any time pursuant to <u>Subsection 8.2(a)</u> is so reduced by any portion of any such amount or value that would otherwise be included in the calculation of Consolidated Net Income, such portion of such amount or value shall not be so included for purposes of calculating the amount of Restricted Payments that may be made pursuant to <u>Subsection 8.2(a)</u>.

"<u>Investment Agreement</u>": the fully executed investment agreement, dated as of February 10, 2025, by and among the Parent Borrower, CD&R XII Keystone Holdings, L.P. and solely for purposes of Section 4.13 thereof, Clayton, Dubilier & Rice Fund XII, L.P. (including all exhibits, schedules or amendments thereto), as amended, supplemented, waived or otherwise modified from time to time.

"<u>Investment Company Act</u>": the Investment Company Act of 1940, as amended from time to time.

"<u>Investment Grade Rating</u>": a rating equal to or higher than Baa3 (or the equivalent) by Moody's and BBB- (or the equivalent) by S&P, or any equivalent rating by any other Rating Agency.

"<u>Investment Grade Securities</u>": (<u>i</u>) securities issued or directly and fully guaranteed or insured by the United States government or any agency or instrumentality thereof (other than Cash Equivalents); (<u>ii</u>) debt securities or debt instruments with an Investment Grade Rating, but excluding any debt securities or instruments constituting loans or advances among the Parent Borrower and its Subsidiaries; (<u>iii</u>) other short-term marketable debt securities; (<u>iv</u>) investments in any fund that invests exclusively in investments of the type described in clauses (i), (ii) and (iii) above, which fund may also hold cash pending investment or distribution; and (<u>v</u>) corresponding instruments in countries other than the United States customarily utilized for high quality investments.

"<u>Investors</u>": collectively, (<u>i</u>) Clayton, Dubilier & Rice Fund XII, L.P., a Cayman Islands exempted limited partnership, and any successor in interest thereto, (<u>ii</u>) Clayton, Dubilier & Rice Fund XII-A, L.P., a Cayman Islands exempted limited partnership, and any successor in interest thereto, (<u>iii</u>) Clayton, Dubilier & Rice Fund XII (Luxembourg), SCSp, a Luxembourg special limited partnership (*société en commandite spéciale*), and any successor in interest thereto, (<u>iv</u>) CD&R Advisor Fund XII, L.P., a Cayman Islands exempted limited partnership, and any successor in interest thereto, (<u>v</u>) CD&R Associates XII Co-Invest, L.P., a Cayman Islands exempted limited partnership, and any successor in interest thereto, (<u>vi</u>) CD&R Investment Associates XII, Ltd., a Cayman Islands exempted company, and any successor in interest thereto, (<u>vii</u>) CD&R Associates XII, L.P., a Cayman Islands exempted limited partnership, and any successor in interest thereto, (<u>viii</u>) CD&R Associates XII (Luxembourg) GP, S.à r.l., a Luxembourg private limited liability company (*société à responsabilité limitée*), and any successor in interest thereto, (<u>ix</u>) CD&R XII Keystone Holdings, L.P., a Cayman Islands exempted limited partnership, and any successor in interest thereto, and (<u>x</u>) any Affiliate of any Investor identified in clauses (i) through (ix) of this definition.

"<u>IP Rights</u>": as defined in <u>Subsection 5.9</u>.

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"<u>ISDA CDS Definitions</u>": as defined in <u>Subsection 11.1(k)</u>.

"<u>ISP</u>": the International Standby Practices (1998), International Chamber of Commerce Publication No. 590.

"<u>Issue Amount</u>": with respect to a Lender holding Initial Term Loans, the issue price on the Closing Date of such Initial Term Loan held by such Lender.

"<u>Issuer Documents</u>": with respect to any Letter of Credit, the Letter of Credit / Bankers' Acceptance Request and any other document, agreement and instrument entered into by the applicable Issuing Bank and the Borrower Representative (or any Subsidiary) or in favor of such Issuing Bank and relating to such Letter of Credit.

"<u>Issuing Bank</u>": as the context may require, (<u>a</u>) each of JPMorgan Chase Bank, N.A., PNC Bank, National Association, Wells Fargo Bank, N.A. or any Affiliate of any of the foregoing, in its capacity as issuer of any Letter of Credit hereunder, or (<u>b</u>) any other Lender that may become an Issuing Bank under <u>Subsection 2.6(i)</u>.

"<u>Japanese Prime Rate</u>" for any Loan denominated in Yen the greater of (a) (i) the Japanese local bank prime rate plus (ii) the Japanese Prime Rate Adjustment and (b) 0.00%.

"<u>Judgment Conversion Date</u>": as defined in <u>Subsection 11.8(a)</u>.

"<u>Judgment Currency</u>": as defined in <u>Subsection 11.8(a)</u>.

"<u>Junior Capital</u>": collectively, any Indebtedness of the Parent Borrower that (<u>i</u>) is not secured by any asset of the Parent Borrower or any Restricted Subsidiary, (<u>ii</u>) is expressly subordinated to the prior payment in full of the Senior Secured Facilities Obligations hereunder on terms consistent with those for senior subordinated high yield debt securities issued by similarly situated U.S. companies (as determined in good faith by the Borrower Representative, which determination shall be conclusive), (<u>iii</u>) has a final maturity date that is not earlier than, and provides for no scheduled payments of principal prior to, the date that is 91 days after the Initial Term Loan Maturity Date (other than through conversion or exchange of any such Indebtedness for Capital Stock (other than Disqualified Stock) of the Parent Borrower or any other Junior Capital), (<u>iv</u>) has no mandatory redemption or prepayment obligations other than (<u>x</u>) obligations that are subject to the prior payment in full in cash of the Term Loans and (<u>y</u>) pursuant to an escrow or similar arrangement with respect to the proceeds of such Junior Capital and (<u>v</u>) does not require the payment of cash interest until the date that is 91 days after the Initial Term Loan Maturity Date.

"<u>Junior Debt</u>": any Subordinated Obligations and Guarantor Subordinated Obligations.

"<u>Keystone Escrow Agreement</u>": the "Escrow Agreement" as defined in the Keystone Purchase Agreement, as the same may be amended, supplemented, waived or otherwise modified from time to time.

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"<u>Keystone Payments Administration Agreement</u>": the "Payments Administration Agreement" as defined in the Keystone Purchase Agreement, as the same may be amended, supplemented, waived or otherwise modified from time to time.

"<u>Keystone Purchase Agreement</u>": the Stock Purchase Agreement, dated as of February 10, 2025, by and among the Parent Borrower, Kito Crosby, the holders of all of the Shares (as defined therein) of Kito Crosby, as set forth on the signature pages thereto, and Ascend Overseas Limited, as company incorporated under the laws of England and Wales, solely in its capacity as the Representative (as defined therein), as the same may be amended, supplemented, waived or otherwise modified from time to time.

"<u>Keystone Sellers</u>": the "Sellers" as defined in the Keystone Purchase Agreement.

"<u>Kito Crosby</u>": Kito Crosby Limited, a company incorporated under the laws of England and Wales (f/k/a Crosby Worldwide Limited), and any successor in interest thereto.

"<u>Kito Crosby Entities</u>": collectively, Kito Crosby and each of its Subsidiaries.

"<u>L/C-B/A Commitment Amount</u>": $100,000,000.

"<u>L/C-B/A Commitment Amount Individual Sublimit</u>": (<u>i</u>) for each of the Issuing Banks party hereto on the Closing Date, the amount set forth in the schedule below next to such Issuing Bank's name and (<u>ii</u>) for Issuing Banks added pursuant to <u>Subsection 2.6(i)</u>, an amount agreed between the Borrower Representative and such Issuing Bank, in each case as such amount may be increased as agreed in writing between the applicable Issuing Bank and the Borrower Representative; <u>provided</u> that if any Issuing Bank shall become a Defaulting Lender, each Issuing Bank that is not at such time a Defaulting Lender shall have its L/C-B/A Commitment Amount Individual Sublimit increased on a pro rata basis such that the sum of each such Issuing Bank's L/C-B/A Commitment Amount Individual Sublimit is at least equal to the applicable amount set forth in the definition of "L/C-B/A Commitment Amount"; <u>provided</u> <u>further</u>, however, that any such adjusted or increased L/C-B/A Commitment Amount Individual Sublimit shall not at any time be in excess of any such Issuing Bank's and or its Affiliates' Revolving Commitments then in effect.

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| | |
|:---|:---|
| **Issuing Bank** | **L/C-B/A Commitment<br>Amount Individual Sublimit** |
|  JPMorgan Chase Bank, N.A. | $33333334.00 |
|  PNC Bank, National Association | $33333333.00 |
|  Wells Fargo Bank, N.A. | $33333333.00 |
|  **Total** | $100000000.00 |

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"<u>L/C-B/A Credit Extension</u>": with respect to any Letter of Credit or Bankers' Acceptance, the issuance thereof or extension of the expiry date thereof, or the renewal or increase of the amount thereof.

"<u>L/C-B/A Disbursement</u>": as defined in <u>Subsection 2.6(d)(i)</u>.

"<u>L/C-B/A Fee Payment Date</u>": with respect to any Letter of Credit, fifteen (15) days following the end of each March, June, September and December to occur after the date of issuance thereof to and including the first such day to occur on or after the date of expiry thereof.

"<u>L/C-B/A Obligations</u>": at any time, an amount equal to the sum of (<u>a</u>) the aggregate then undrawn and unexpired amount of the then-outstanding Letters of Credit and Bankers' Acceptances (including, without limitation, in the case of outstanding Letters of Credit or Bankers' Acceptances in any Designated Foreign Currency, the Dollar Equivalent of the aggregate then undrawn and unexpired amount thereof) and (<u>b</u>) the aggregate amount of drawings under Letters of Credit and Bankers' Acceptances which have not then been reimbursed pursuant to <u>Subsection 2.6(e)</u> (including, without limitation, in the case of Letters of Credit or Bankers' Acceptances in any Designated Foreign Currency, the Dollar Equivalent of the unreimbursed aggregate amount of drawings thereunder, to the extent that such amount has not been converted into Dollars in accordance with <u>Subsection 2.6(e)</u>).

"<u>L/C-B/A Participants</u>": the collective reference to all the Lenders other than the applicable Issuing Bank.

"<u>LCT Election</u>": as defined in <u>Subsection 1.2(j)</u>.

"<u>LCT Test Date</u>": as defined in <u>Subsection 1.2(j)</u>.

"<u>Lead Arrangers</u>": JPMorgan Chase Bank, N.A., PNC Capital Markets LLC and Wells Fargo Securities, LLC, as Joint Lead Arrangers.

"<u>Lender Default</u>": (<u>a</u>) the refusal (which may be given verbally or in writing and has not been retracted) or failure of any Lender (including any Agent in its capacity as Lender) to make available its portion of any incurrence of Loans or Reimbursement Obligations, which refusal or failure is not cured within two Business Days after the date of such refusal or failure, (<u>b</u>) the failure of any Lender (including any Agent in its capacity as Lender) to pay over to the Administrative Agent, the Swing Line Lender, any Issuing Bank or any other Lender any other amount required to be paid by it hereunder within one Business Day of the date when due, unless the subject of a good faith dispute, (<u>c</u>) a Lender (including any Agent in its capacity as Lender) has notified the Borrower Representative or the Administrative Agent that it does not intend to comply with its funding obligations hereunder, (<u>d</u>) a Lender (including any Agent in its capacity as Lender) has failed, within

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10 Business Days after request by the Administrative Agent or the Borrower Representative, to confirm that it will comply with its funding obligations hereunder (<u>provided</u> that such Lender Default pursuant to this clause (d) shall cease to be a Lender Default upon receipt of such confirmation by the Administrative Agent or the Borrower Representative, as applicable) or (<u>e</u>) an Agent or a Lender has admitted in writing that it is insolvent or such Agent or Lender becomes subject to a Lender-Related Distress Event or Bail-In Action.

"<u>Lender Joinder Agreement</u>": as defined in <u>Subsection 2.8(c)</u>.

"<u>Lender-Related Distress Event</u>": with respect to any Agent or Lender (each, a "<u>Distressed Person</u>"), a voluntary or involuntary case with respect to such Distressed Person under any debt relief law, or a custodian, conservator, receiver or similar official is appointed for such Distressed Person or any substantial part of such Distressed Person's assets, or such Distressed Person makes a general assignment for the benefit of creditors or is otherwise adjudicated as, or determined by any Governmental Authority having regulatory authority over such Distressed Person to be, insolvent or bankrupt; <u>provided</u> that a Lender-Related Distress Event shall not be deemed to have occurred solely by virtue of the ownership or acquisition of any equity interests in any Agent or Lender or any person that directly or indirectly controls such Agent or Lender by a Governmental Authority or an instrumentality thereof; <u>provided</u>, <u>further</u>, that the appointment of an administrator, provisional liquidator, conservator, receiver, trustee, custodian or other similar official by a supervisory authority or regulator with respect to an Agent or Lender or any person that directly or indirectly controls such Agent or Lender under the Dutch Financial Supervision Act 2007 (as amended from time to time and including any successor legislation) shall not be a "Lender-Related Distress Event" with respect to such Agent or Lender or any person that directly or indirectly controls such Agent or Lender.

"<u>Lenders</u>": the several lenders from time to time parties to this Agreement together with, in the case of any such lender that is a bank or financial institution, any affiliate of any such bank or financial institution through which such bank or financial institution elects, by notice to the Administrative Agent and the Borrower Representative, to make any Loans available to the Borrowers, <u>provided</u> that for all purposes of voting or consenting with respect to (<u>a</u>) any amendment, supplementation or modification of any Loan Document, (<u>b</u>) any waiver of any of the requirements of any Loan Document or any Default or Event of Default and its consequences or (<u>c</u>) any other matter as to which a Lender may vote or consent pursuant to <u>Subsection 11.1</u>, the bank or financial institution making such election shall be deemed the "<u>Lender</u>" rather than such affiliate, which shall not be entitled to so vote or consent.

"<u>Letter of Credit Facility</u>": any facility, in each case with one or more banks or other lenders, institutions or financing providers providing for letters of credit or bank guarantees, in each case including all agreements, instruments and documents executed and delivered pursuant to or in connection with any of the foregoing.

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"<u>Letter of Credit / Bankers' Acceptance Request</u>": a letter of credit or bankers' acceptance request substantially in the form of <u>Exhibit L-2</u> or in such form as any Issuing Bank may specify from time to time, requesting the applicable Issuing Bank to open a Letter of Credit or create a Bankers' Acceptance, as applicable, and accompanied by an application and agreement for the issuance or amendment of a Letter of Credit or the creation or amendment of a Bankers' Acceptance in such form as such Issuing Bank may reasonably specify from time to time consistent with the terms hereof (it being understood that in the event of any express conflict, the terms hereof shall control).

"<u>Letters of Credit</u>": as defined in <u>Subsection 2.6(a)(i)</u>.

"<u>Leverage Excess Proceeds</u>": as defined in <u>Subsection 8.4(b)</u>.

"<u>Liabilities</u>": collectively, any and all claims, obligations, liabilities, causes of action, actions, suits, proceedings, investigations, judgments, decrees, losses, damages, fees, costs and expenses (including interest, penalties and fees and disbursements of attorneys, accountants, investment bankers and other professional advisors), in each case whether incurred, arising or existing with respect to third parties or otherwise at any time or from time to time.

"<u>Lien</u>": any mortgage, pledge, security interest, encumbrance, lien or charge of any kind (including any conditional sale or other title retention agreement or lease in the nature thereof).

"<u>Limited Condition Transaction</u>": (<u>i</u>) an acquisition or an Investment that any of the Borrowers or any Subsidiary thereof is contractually committed to consummate and whose consummation is not conditioned on the availability of, or on obtaining, third party financing, (<u>ii</u>) any prepayment, repurchase or redemption of Indebtedness or Preferred Stock requiring irrevocable notice in advance of such prepayment, repurchase or redemption or (<u>iii</u>) any dividends or distributions on, or redemptions of, Capital Stock in connection with an acquisition or Investment of the type set forth in clause (i) hereof and permitted under this Agreement.

"<u>Loan</u>": each Initial Term Loan, Incremental Term Loan, Extended Term Loan, Specified Refinancing Term Loan, Initial Revolving Loan, Incremental Revolving Loan, Extended Revolving Loan, Specified Refinancing Revolving Loan or a Swing Line Loan, as the context shall require; collectively, the "<u>Loans</u>".

"<u>Loan Documents</u>": this Agreement, any Notes, each Designated Borrower Request and Assumption Agreement, the Guarantee and Collateral Agreement, the Intercreditor Agreement, each Other Intercreditor Agreement (on and after the execution thereof) and any other Security Documents, each as amended, supplemented, waived or otherwise modified from time to time.

"<u>Loan Parties</u>": the Borrowers and the Subsidiary Guarantors; each individually, a "<u>Loan Party</u>".

"<u>Management Advances</u>": (<u>1</u>) loans or advances made to directors, management members, officers, employees or consultants of the Parent Borrower or any Restricted Subsidiary (<u>x</u>) in respect of travel, entertainment or moving related expenses incurred in the ordinary course of business, (<u>y</u>) in respect of moving related expenses incurred in connection with any closing or consolidation of any facility or (<u>z</u>) in the ordinary course of business and (in the case of this clause (z)) not exceeding the greater of $22,000,000 and 5.0% of Four Quarter Consolidated EBITDA in the

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aggregate outstanding at any time, (<u>2</u>) promissory notes of Management Investors acquired in connection with the issuance of Management Stock to such Management Investors, (<u>3</u>) Management Guarantees, or (<u>4</u>) other Guarantees of borrowings by Management Investors in connection with the purchase of Management Stock, which Guarantees are permitted under <u>Subsection 8.1</u>.

"<u>Management Guarantees</u>": guarantees (<u>x</u>) of up to an aggregate principal amount outstanding at any time of the greater of $22,000,000 and 5.0% of Four Quarter Consolidated EBITDA of borrowings by Management Investors in connection with their purchase of Management Stock or (<u>y</u>) made on behalf of, or in respect of loans or advances made to, directors, officers, employees or consultants of the Parent Borrower or any Restricted Subsidiary (<u>1</u>) in respect of travel, entertainment and moving related expenses incurred in the ordinary course of business or (<u>2</u>) in the ordinary course of business and (in the case of this clause (2)) not exceeding the greater of $22,000,000 and 5.0% of Four Quarter Consolidated EBITDA in the aggregate outstanding at any time.

"<u>Management Indebtedness</u>": Indebtedness Incurred to (<u>a</u>) any Person other than a Management Investor of up to an aggregate principal amount outstanding at any time of the greater of $22,000,000 and 5.0% of Four Quarter Consolidated EBITDA and (<u>b</u>) any Management Investor, in each case, to finance the repurchase or other acquisition of Capital Stock of the Parent Borrower or any Restricted Subsidiary (including any options, warrants or other rights in respect thereof) from any Management Investor, which repurchase or other acquisition of Capital Stock is permitted by <u>Subsection 8.2</u>.

"<u>Management Investors</u>": the current or former management members, officers, directors, employees and other members of the management of the Parent Borrower or any of their respective Subsidiaries, or family members or relatives of any of the foregoing (<u>provided</u> that, solely for purposes of the definition of "Permitted Holders," such relatives shall include only those Persons who are or become Management Investors in connection with estate planning for or inheritance from other Management Investors, as determined in good faith by the Borrower Representative, which determination shall be conclusive), or trusts, partnerships or limited liability companies for the benefit of any of the foregoing, or any of their heirs, executors, successors and legal representatives, who at any date beneficially own or have the right to acquire, directly or indirectly, Capital Stock of the Parent Borrower or any Restricted Subsidiary.

"<u>Management Stock</u>": Capital Stock of the Parent Borrower or any Restricted Subsidiary (including any options, warrants or other rights in respect thereof) held by any of the Management Investors.

"<u>Mandatory Revolving Loan Borrowing</u>": as defined in <u>Subsection 2.7(c)</u>.

"<u>Market Capitalization</u>": an amount equal to (<u>i</u>) the total number of issued and outstanding shares of capital stock of the Parent Borrower (including all shares of Capital Stock of the Parent Borrower reserved for issuance upon conversion or exchange of Capital Stock of the Parent Borrower outstanding on such date) on the date of declaration of the relevant dividend or making of any other Restricted Payment, as applicable, multiplied by (<u>ii</u>) the arithmetic mean of the closing prices per share of such capital stock on the New York Stock Exchange (or, if the primary listing of such capital stock is on another exchange, on such other exchange) for the 30 consecutive trading days immediately preceding such date.

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"<u>Material Adverse Effect</u>": (<u>x</u>) on, or as of, the Closing Date, a Closing Date Material Adverse Effect, or (<u>y</u>) after the Closing Date, a material adverse effect on (<u>a</u>) the business, operations, property or condition (financial or otherwise) of the Parent Borrower and its Restricted Subsidiaries taken as a whole, (<u>b</u>) the validity or enforceability as to the Loan Parties (taken as a whole) party thereto of the Loan Documents taken as a whole or (<u>c</u>) the rights or remedies of the Agents and the Lenders under the Loan Documents, in each case taken as a whole.

"<u>Material Intellectual Property</u>": any IP Rights owned by the Parent Borrower or any Restricted Subsidiary that is material to the operations of the business of the Parent Borrower and its Restricted Subsidiaries, taken as a whole (as determined by the Parent Borrower in good faith, which determination shall be conclusive).

"<u>Material Subsidiaries</u>": Restricted Subsidiaries of the Parent Borrower constituting, individually or in the aggregate (as if such Restricted Subsidiaries constituted a single Subsidiary), a "significant subsidiary" in accordance with Rule 1-02 under Regulation S-X.

"<u>Maturity Date</u>": the Initial Revolving Maturity Date, the Initial Term Loan Maturity Date, for any Extended Tranche the "Maturity Date" set forth in the applicable Extension Amendment, for any Incremental Commitments the "Maturity Date" set forth in the applicable Incremental Commitment Amendment and for any Specified Refinancing Tranche the "Maturity Date" set forth in the applicable Specified Refinancing Amendment, in each case as the context may require.

"<u>Maximum Incremental Facilities Amount</u>": at any date of determination, the sum of (<u>i</u>) an amount equal to the greater of (<u>1</u>) $430,000,000 and (<u>2</u>) Four Quarter Consolidated EBITDA (amounts Incurred pursuant to this clause (i), the "<u>Cash Capped Incremental Facility</u>") <u>plus</u> (<u>ii</u>) an unlimited amount if, after giving effect to the Incurrence of such amount (or, at the Borrower Representative's option, on the date of the initial commitment to lend such additional amount after giving pro forma effect to the Incurrence of the entire committed amount of such additional amount), either (<u>x</u>) the Consolidated First Lien Leverage Ratio shall not exceed 5.00 to 1.00 or (<u>y</u>) in the case of Indebtedness being Incurred to finance or refinance, or otherwise Incurred in connection with, any acquisition of assets or Permitted Investment (including Capital Stock), business or Person, or any merger or consolidation of any Person with or into the Parent Borrower or any Restricted Subsidiary, the Consolidated First Lien Leverage Ratio would equal or be less than the Consolidated First Lien Leverage Ratio immediately prior to giving effect thereto (in each case under this clause (ii), as set forth in a certificate of a Responsible Officer of the Borrower Representative delivered to the Administrative Agent at the time of such Incurrence, together with calculations demonstrating compliance with such ratio (amounts Incurred pursuant to this clause (ii), the "<u>Ratio Incremental Facility</u>") (it being understood that (<u>A</u>) if pro forma effect is given to the entire committed amount of any such additional amount on the date of initial borrowing of such Indebtedness or entry into the definitive agreement providing the commitment to fund such Indebtedness, such committed amount may thereafter be borrowed and reborrowed in whole or in part, from time to time, without further

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compliance with this clause (ii), (<u>B</u>) for purposes of calculating the Consolidated First Lien Leverage Ratio under this clause (ii), any additional amount Incurred pursuant to this clause (ii) shall be treated as if such amount is Consolidated First Lien Indebtedness, regardless of whether such amount is actually secured or is secured by Liens ranking junior to the Liens that secure the Senior Secured Facilities Obligations (or the Foreign Senior Secured Facilities Obligations, as applicable) and (<u>C</u>) in the case of Incremental Revolving Commitments, the full drawing thereunder shall be assumed)); <u>provided</u> that, at the Borrower Representative's option, capacity under the Ratio Incremental Facility shall be deemed to be used before capacity under the Cash Capped Incremental Facility.

"<u>MFN Protection</u>": as defined in <u>Subsection 2.8(d)</u>.

"<u>Minimum Exchange Tender Condition</u>": as defined in <u>Subsection 2.9(b)</u>.

"<u>Minimum Extension Condition</u>": as defined in <u>Subsection 2.10(g)</u>.

"<u>Moody's</u>": Moody's Investors Service, Inc., and its successors.

"<u>Mortgaged Fee Properties</u>": the collective reference to each real property owned in fee by the Loan Parties as of the Closing Date and listed on <u>Schedule 5.8</u> (if any) or required to be mortgaged as Collateral pursuant to the requirements of <u>Subsection 7.9</u>, including the land and all buildings, improvements, structures and fixtures now or subsequently located thereon and owned by any such Loan Party, in each case, unless and until such time as the Mortgage on such real property is released in accordance with the terms and provisions hereof and thereof.

"<u>Mortgages</u>": each of the mortgages and deeds of trust, or similar security instruments executed and delivered by any Loan Party to the Collateral Agent, substantially in the form of <u>Exhibit C</u>, as the same may be amended, supplemented, waived or otherwise modified from time to time.

"<u>Most Recent Four Quarter Period</u>": the four-fiscal-quarter period of the Parent Borrower ending on the last day of the most recently completed fiscal year or fiscal quarter for which financial statements of the Parent Borrower have been (or have been required to be) delivered under <u>Subsection 7.1(a)</u> or <u>7.1(b)</u>.

"<u>Multiemployer Plan</u>": a Plan which is a multiemployer plan as defined in Section 4001(a)(3) of ERISA.

"<u>Net Available Cash</u>": from an Asset Disposition or Recovery Event, an amount equal to the cash payments received (including any cash payments received by way of deferred payment of principal pursuant to a note or installment receivable or otherwise, but only as and when received, but excluding any other consideration received in the form of assumption by the acquiring Person of Indebtedness or other obligations relating to the properties or assets that are the subject of such Asset Disposition or Recovery Event or received in any other non-cash form) therefrom, in each case net of (<u>i</u>) all legal, title and recording tax expenses, commissions and other fees and expenses incurred and (without duplication) all federal, state, provincial, foreign and local taxes required to be paid or to be accrued as a liability under GAAP, in each case, as a consequence of, or in respect of, such Asset

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Disposition or Recovery Event (including as a consequence of any transfer of funds in connection with the application thereof in accordance with <u>Subsection 8.4</u>), (<u>ii</u>) all payments made, and all installment payments required to be made, on any Indebtedness (other than Indebtedness secured by Liens on the Collateral that are required by the express terms of this Agreement to be pari passu with or junior to the Liens on the Collateral that secures the Senior Secured Facilities Obligations (or the Foreign Senior Secured Facilities Obligations, as applicable)) (<u>x</u>) that is secured by any assets subject to such Asset Disposition or involved in such Recovery Event, in accordance with the terms of any Lien upon such assets, or (<u>y</u>) that must by its terms, or, with respect to an Asset Disposition, in order to obtain a necessary consent to such Asset Disposition, or by applicable law, be repaid out of the proceeds from such Asset Disposition or Recovery Event, including but not limited to any payments required to be made to increase borrowing availability under any revolving credit facility, (<u>iii</u>) all distributions and other payments required to be made to minority interest holders in Subsidiaries or joint ventures as a result of such Asset Disposition or Recovery Event, or to any other Person (other than the Parent Borrower or a Restricted Subsidiary) owning a beneficial interest in the assets disposed of in such Asset Disposition or subject to such Recovery Event, (<u>iv</u>) any liabilities or obligations associated with the assets disposed of in such Asset Disposition or involved in such Recovery Event and retained, indemnified or insured by the Parent Borrower or any Restricted Subsidiary after such Asset Disposition or Recovery Event, including pension and other post-employment benefit liabilities, liabilities related to environmental matters, and liabilities relating to any indemnification obligations associated with such Asset Disposition or Recovery Event, (<u>v</u>) in the case of an Asset Disposition, the amount of any purchase price or similar adjustment (<u>x</u>) claimed by any Person to be owed by the Parent Borrower or any Restricted Subsidiary, until such time as such claim shall have been settled or otherwise finally resolved, or (<u>y</u>) paid or payable by the Parent Borrower or any Restricted Subsidiary, in each case in respect of such Asset Disposition, and (<u>vi</u>) in the case of any Recovery Event, any amount thereof that constitutes or represents reimbursement or compensation for any amount previously paid or to be paid by the Parent Borrower or any of its Subsidiaries.

"<u>Net Available Cash Amount</u>": as defined in <u>Subsection 8.4(a)(iii)</u>.

"<u>Net Cash Proceeds</u>": with respect to any issuance or sale of any securities of, or the Incurrence of Indebtedness by, the Parent Borrower or any Subsidiary, or any capital contribution to the Parent Borrower or any Subsidiary, the cash proceeds of such issuance, sale, Incurrence or contribution received by the Parent Borrower or such Subsidiary, net of attorneys' fees, accountants' fees, underwriters' or placement agents' fees, discounts or commissions and brokerage, consultant and other fees actually incurred in connection with such issuance, sale, contribution or Incurrence and net of all taxes paid or payable as a result, or in respect, thereof.

"<u>Net Short Lender</u>": as defined in <u>Subsection 11.1(k)</u>.

"<u>New Delayed Draw Term Loan Commitments</u>": as defined in <u>Subsection 2.8(a)</u>.

"<u>New York Courts</u>": as defined in <u>Subsection 11.13(a)</u>.

"<u>New York Supreme Court</u>": as defined in <u>Subsection 11.13(a)</u>.

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"<u>Non-Consenting Lender</u>": as defined in <u>Subsection 11.1(g)</u>.

"<u>Non-Defaulting Lender</u>": any Lender other than a Defaulting Lender.

"<u>Non-Excluded Taxes</u>": all (a) Taxes other than Excluded Taxes imposed on or with respect to any payment made by or on account of any obligation of any Loan party under any Loan Document and (b) to the extent not otherwise described in (a), Other Taxes.

"<u>Non-Extending Lender</u>": as defined in <u>Subsection 2.10(e)</u>.

"<u>Non-Extension Notice Date</u>": as defined in <u>Subsection 2.6(j)</u>.

"<u>Non-Wholly Owned Subsidiary</u>": each Subsidiary that is not a Wholly Owned Subsidiary.

"<u>Note</u>": as defined in <u>Subsection 2.2(a)</u>.

"<u>NYFRB</u>": the Federal Reserve Bank of New York.

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

"<u>NYFRB's Website</u>": the website of the NYFRB at http://www.newyorkfed.org, or any successor source.

"<u>Obligation Currency</u>": as defined in <u>Subsection 11.8(a)</u>.

"<u>Obligations</u>": with respect to any Indebtedness, any principal, premium (if any), interest (including interest, fees and expenses accruing on or after the filing of any petition in bankruptcy or for reorganization relating to the Parent Borrower or any Restricted Subsidiary whether or not a claim for post-filing interest, fees or expenses is allowed in such proceedings), fees, charges, expenses, reimbursement obligations, Guarantees of such Indebtedness (or of Obligations in respect thereof), other monetary obligations of any nature and all other amounts payable thereunder or in respect thereof.

"<u>OFAC</u>": the Office of Foreign Assets Control.

"<u>Offered Amount</u>": as defined in <u>Subsection 4.4(l)(iv)(1)</u>.

"<u>Offered Discount</u>": as defined in <u>Subsection 4.4(l)(iv)(1)</u>.

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"<u>OID</u>": as defined in <u>Subsection 2.8(d)</u>.

"<u>Organizational Documents</u>": with respect to any Person, (<u>a</u>) the articles of incorporation, certificate of incorporation, amalgamation or continuance, or certificate of formation (or the equivalent organizational documents) of such Person and (<u>b</u>) the bylaws or operating agreement (or the equivalent governing documents) of such Person.

"<u>Other Intercreditor Agreement</u>": an intercreditor agreement in form and substance reasonably satisfactory to the Borrower Representative and the Collateral Agent.

"<u>Other Representatives</u>": JPMorgan Chase Bank, N.A., PNC Capital Markets LLC, Wells Fargo Securities, LLC, Citizens Bank N.A., Deutsche Bank AG New York Branch, KeyBank National Association, Mizuho Bank, LTD., M&T Bank, Royal Bank of Canada, Sumitomo Mitsui Banking Corporation, Truist Bank and UBS Securities LLC.

"<u>Other Taxes</u>": all present or future stamp, court or documentary, intangible, recording, filing or similar Taxes that arise from any payment made under, from the execution, delivery, performance, enforcement or registration of, from the receipt or perfection of a security interest under, or otherwise with respect to, any Loan Document, except any such Taxes that are described in clause (a)(ii) of the definition of "Excluded Taxes."

"<u>Other Secured Debt</u>": as defined in the Preamble hereto.

"<u>Outstanding Amount</u>": with respect to the Loans on any date, the principal amount thereof after giving effect to any borrowings and prepayments or repayments thereof occurring on such date.

"<u>Overdrawn Amount</u>": as defined in <u>Subsection 8.8(a)</u>.

"<u>Overnight Bank Funding Rate</u>": for any day, the rate comprised of both overnight federal funds and overnight eurodollar transactions denominated in Dollars by U.S.-managed banking offices of depository institutions, as such composite rate shall be determined by the NYFRB as set forth on the NYFRB's Website from time to time, and published on the next succeeding Business Day by the NYFRB as an overnight bank funding rate.

"<u>Parent Borrower</u>": as defined in the Preamble hereto, and any successor in interest thereto permitted hereunder.

"<u>Pari Passu Indebtedness</u>": Indebtedness secured by a Lien on the Collateral ranking pari passu with the Liens securing the Senior Secured Facilities Obligations.

"<u>Participant</u>": as defined in <u>Subsection 11.6(c)</u>.

"<u>Participant Register</u>": as defined in <u>Subsection 11.6(b)(v)</u>.

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"<u>Participating Lender</u>": as defined in <u>Subsection 4.4(l)(iii)(2)</u>.

"<u>Patriot Act</u>": as defined in <u>Subsection 11.18</u>.

"<u>Payment Notice</u>": as defined in <u>Subsection 10.16(b)</u>.

"<u>PBGC</u>": the Pension Benefit Guaranty Corporation established pursuant to Subtitle A of Title IV of ERISA (or any successor thereto).

"<u>PCAOB</u>": the Public Company Accounting Oversight Board.

"<u>Periodic Term CORRA Determination Day</u>": as defined in the definition of "Term CORRA Rate" in this <u>Subsection 1.1</u>.

"<u>Permitted Debt Exchange</u>": as defined in <u>Subsection 2.9(a)</u>.

"<u>Permitted Debt Exchange Notes</u>": as defined in <u>Subsection 2.9(a)</u>.

"<u>Permitted Debt Exchange Offer</u>": as defined in <u>Subsection 2.9(a)</u>.

"<u>Permitted Encumbrances</u>": with respect to each fee-owned or leasehold real property of the Parent Borrower or any of its Subsidiaries (or similar property interests under local law), those liens, encumbrances and other matters affecting title, zoning, building codes, land use and other similar laws and municipal ordinances and other similar items, which in any such case, do not materially detract from the value of the property or impair, in any material respect, the use or ownership of such property for its intended purpose, in the ordinary course of business.

"<u>Permitted Holders</u>": any of the following: (<u>i</u>) any of the Investors; (<u>ii</u>) any of the Management Investors and their respective Affiliates; (<u>iii</u>) any investment fund or vehicle managed, sponsored or advised by any of the Investors, and any Affiliate of or successor to any such investment fund or vehicle; (<u>iv</u>) any limited or general partners of, or other investors in, any Investor or any Affiliate thereof, or any such investment fund or vehicle; (<u>v</u>) any "group" (as such term is used in Sections 13(d) and 14(d) of the Exchange Act as in effect on the Closing Date) of which any of the Persons specified in clause (i), (ii), (iii) or (iv) above is a member (<u>provided</u> that (without giving effect to the existence of such "group" or any other "group") one or more of such Persons collectively have beneficial ownership, directly or indirectly, of more than 50.0% of the total voting power of the Voting Stock of the Parent Borrower held by such "group"), and any other Person that is a member of such "group"; and (<u>vi</u>) any Person acting in the capacity of an underwriter (solely to the extent that and for so long as such Person is acting in such capacity) in connection with a public or private offering of Capital Stock of the Parent Borrower. In addition, any "person" (as such term is used in Sections 13(d) and 14(d) of the Exchange Act as in effect on the Closing Date) whose status as a "beneficial owner" (as defined in Rules 13d-3 and 13d-5 under the Exchange Act as in effect on the Closing Date) constitutes or results in a Change of Control in respect of which the Borrowers make a Change of Control Offer pursuant to <u>Subsection 8.8(a)</u> (whether or not in connection with any repayment or repurchase of Indebtedness outstanding pursuant to Junior Debt), together with its Affiliates, shall thereafter constitute Permitted Holders.

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"<u>Permitted Investment</u>": an Investment by the Parent Borrower or any Restricted Subsidiary in, or consisting of, any of the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) a Restricted Subsidiary, the Parent Borrower, or a Person that will, upon the making of such Investment, become a Restricted Subsidiary (and any Investment held by such Person that was not acquired by such Person, or made pursuant to a commitment by such Person that was not entered into, in contemplation of so becoming a Restricted Subsidiary);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) another Person if, as a result of such Investment, such other Person is merged or consolidated with or into, or transfers or conveys all or substantially all its assets to, or is liquidated into, the Parent Borrower or a Restricted Subsidiary (and, in each case, any Investment held by such other Person that was not acquired by such Person, or made pursuant to a commitment by such Person that was not entered into, in contemplation of such merger, consolidation or transfer);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) Temporary Cash Investments, Investment Grade Securities or Cash Equivalents;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) receivables owing to the Parent Borrower or any Restricted Subsidiary, if created or acquired in the ordinary course of business;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) any securities or other Investments received as consideration in, or retained in connection with, sales or other dispositions of property or assets, including Asset Dispositions made in compliance with <u>Subsection 8.4</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) securities or other Investments received in settlement of debts created in the ordinary course of business and owing to, or of other claims asserted by, the Parent Borrower or any Restricted Subsidiary, or as a result of foreclosure, perfection or enforcement of any Lien, or in satisfaction of judgments, including in connection with any bankruptcy proceeding or other reorganization of another Person;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) Investments in existence or made pursuant to legally binding written commitments in existence on the Closing Date and set forth on <u>Schedule 1.1(c)</u>, and in each case, any extension, modification, replacement, reinvestment or renewal thereof; <u>provided</u> that the amount of any such Investment may be increased in such extension, modification, replacement, reinvestment or renewal only (<u>x</u>) as required by the terms of such Investment or binding commitment as in existence on the Closing Date (including as a result of the accrual or accretion of interest or original issue discount or the issuance of pay-in-kind securities) or (<u>y</u>) as otherwise permitted by this Agreement;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii) Currency Agreements, Interest Rate Agreements, Commodities Agreements and related Hedging Obligations, which obligations are Incurred in compliance with <u>Subsection 8.1</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ix) pledges or deposits (<u>x</u>) with respect to leases or utilities provided to third parties in the ordinary course of business or (<u>y</u>) otherwise described in the definition of "Permitted Liens" or made in connection with Liens permitted under <u>Subsection 8.6</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(x) (<u>1</u>) Investments in or by any Special Purpose Subsidiary, or in connection with a Financing Disposition by, to, in or in favor of any Special Purpose Entity, including Investments of funds held in accounts permitted or required by the arrangements governing such Financing Disposition or any related Indebtedness, (<u>2</u>) any promissory note issued by the Parent Borrower or any Restricted Subsidiary or (<u>3</u>) Investments in notes receivables and other non-cash consideration in connection with a transaction described in clause (iv) of the definition of "Asset Disposition";

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xi) bonds secured by assets leased to and operated by the Parent Borrower or any Restricted Subsidiary that were issued in connection with the financing of such assets so long as the Parent Borrower or any Restricted Subsidiary may obtain title to such assets at any time by paying a nominal fee, canceling such bonds and terminating the transaction;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xii) Investments held in the investment portfolio of CM Insurance Company, Inc. of the type and in amounts in the ordinary course of business of CM Insurance Company, Inc. and consistent with past practices;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xiii) any Investment to the extent made using Capital Stock of the Parent Borrower (other than Disqualified Stock) or Junior Capital as consideration;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xiv) Management Advances;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xv) Investments in Related Businesses in an aggregate amount outstanding at any time not to exceed an amount equal to the greater of $86,000,000 and 20.0% of Four Quarter Consolidated EBITDA;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xvi) any transaction to the extent it constitutes an Investment that is permitted by and made in accordance with the provisions of <u>Subsection 8.5(b)</u> (except transactions described in clauses (i), (ii)(4), (iii), (v), (vi), (ix) and (x) therein), including any Investment pursuant to any transaction described in <u>Subsection 8.5(b)(ii)</u> (whether or not any Person party thereto is at any time an Affiliate of the Parent Borrower);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xvii) any Investment by any Captive Insurance Subsidiary in connection with the provision of insurance to the Parent Borrower or any of its Subsidiaries, which Investment is made in the ordinary course of business of such Captive Insurance Subsidiary, or by reason of applicable law, rule, regulation or order, or that is required or approved by any regulatory authority having jurisdiction over such Captive Insurance Subsidiary or its business, as applicable;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xviii) other Investments in an aggregate amount outstanding at any time not to exceed an amount equal to the sum of (<u>x</u>) the greater of $151,000,000 and 35.0% of Four Quarter Consolidated EBITDA, (<u>y</u>) the Available Restricted Payments Amount and (<u>z</u>) the Available Restricted Debt Payments Amount;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xix) Investments in prepaid expenses, negotiable instruments held for collection and lease, utility and workers compensation, performance and similar deposits entered into as a result of the operations of the business in the ordinary course of business or consistent with past practice;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xx) Investments consisting of purchases or other acquisitions of inventory, supplies, services, material or equipment or the licensing or contribution of intellectual property pursuant to joint marketing arrangements with other Persons;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxi) any Investment in any joint venture in connection with intercompany cash management arrangements or related activities arising in the ordinary course of business or consistent with past practice;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxii) Investments made in the ordinary course of business or consistent with past practice in connection with obtaining, maintaining or renewing client contracts and loans or advances made to distributors in the ordinary course of business or consistent with past practice; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxiii) Guarantees permitted by <u>Subsection 8.1</u>.

If any Investment pursuant to clause (xv) or (xviii) above, or <u>Subsection 8.2(b)(vi)</u> or <u>8.2(b)(xvi)</u>, as applicable, is made in any Person that is not a Restricted Subsidiary and such Person thereafter (<u>A</u>) becomes a Restricted Subsidiary or (<u>B</u>) is merged or consolidated into, or transfers or conveys all or substantially all of its assets to, or is liquidated into, the Parent Borrower or a Restricted Subsidiary, then such Investment shall thereafter be deemed to have been made pursuant to clause (i) or (ii) above, respectively, and not clause (xv) or (xviii) above, or <u>Subsection 8.2(b)(vi)</u> or <u>8.2(b)(xvi)</u>, as applicable.

"<u>Permitted Liens</u>":

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Liens or statutory liens for taxes, assessments or other governmental charges or claims not yet delinquent or the nonpayment of which in the aggregate would not reasonably be expected to have a Material Adverse Effect on the Parent Borrower and its Restricted Subsidiaries, taken as a whole, or that are being contested in good faith and by appropriate proceedings if adequate reserves with respect thereto are maintained on the books of the Parent Borrower or a Subsidiary thereof, as the case may be, in accordance with GAAP;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Liens with respect to outstanding motor vehicle fines and carriers', warehousemen's, mechanics', landlords', materialmen's, repairmen's or other like Liens arising in the ordinary course of business in respect of obligations that are not known to be overdue for a period of more than sixty (60) days or that are bonded or that are being contested in good faith and by appropriate proceedings, or which in the aggregate would not reasonably be expected to have a Material Adverse Effect on the Parent Borrower and its Restricted Subsidiaries, taken as a whole;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) pledges, deposits or Liens in connection with workers' compensation, professional liability insurance, insurance programs, unemployment insurance and other social security and other similar legislation or other insurance-related obligations (including pledges or deposits securing liability to insurance carriers under insurance or self-insurance arrangements);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) pledges, deposits or Liens to secure the performance of bids, tenders, trade, government or other contracts (other than for borrowed money), obligations for utilities, leases, licenses, statutory obligations, completion guarantees, customs, surety, judgment, appeal, indemnity or performance bonds, other similar bonds, instruments or obligations, and other obligations of a like nature incurred in the ordinary course of business;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) (<u>i</u>) easements (including reciprocal easement agreements), rights-of-way, building, zoning and similar restrictions, utility agreements, covenants, reservations, exceptions, servitudes, restrictions, encroachments, charges, and other similar encumbrances or title defects or irregularities incurred, (<u>ii</u>) any other matters that would be disclosed in an accurate survey affecting real property or (<u>iii</u>) leases or subleases granted, licenses or sublicenses granted, or occupancy agreements granted to others, whether or not of record and whether now in existence or hereafter entered into which do not in the aggregate materially interfere with the ordinary conduct of the business of the Parent Borrower and its Subsidiaries, taken as a whole;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) Liens existing on, or provided for under written arrangements existing on, the Closing Date and set forth on <u>Schedule 1.1(b)</u>, or (in the case of any such Liens securing Indebtedness of the Parent Borrower or any of its Subsidiaries existing or arising under written arrangements existing on the Closing Date) securing any Refinancing Indebtedness in respect of such Indebtedness (other than Indebtedness Incurred under <u>Subsection 8.1(b)(i)</u> and secured under clause (k)(1) of this definition), so long as the Lien securing such Refinancing Indebtedness is limited to all or part of the same property or assets (plus improvements, accessions, proceeds or dividends or distributions in respect thereof) that secured (or under such written arrangements could secure) the original Indebtedness;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) (<u>i</u>) mortgages, liens, security interests, restrictions, encumbrances or any other matters of record that have been placed by any developer, landlord or other third party on property over which the Parent Borrower or any Restricted Subsidiary of the Parent Borrower has easement rights or on any leased property and subordination or similar agreements relating thereto and (<u>ii</u>) any condemnation, eminent domain or compulsory purchase rights or proceedings affecting any real property;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) Liens securing Indebtedness (including Liens securing any Obligations in respect thereof) consisting of Hedging Obligations, Bank Products Obligations, Purchase Money Obligations or Financing Lease Obligations Incurred in compliance with <u>Subsection 8.1</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Liens arising out of judgments, decrees, orders or awards in respect of which the Parent Borrower or any Restricted Subsidiary shall in good faith be prosecuting an appeal or proceedings for review, which appeal or proceedings shall not have been finally terminated, or if the period within which such appeal or proceedings may be initiated shall not have expired;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) leases, subleases, licenses, sublicenses or occupancy agreements to or from third parties;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) Liens securing Indebtedness (including Liens securing any Obligations in respect thereof) consisting of (<u>1</u>) Indebtedness Incurred in compliance with <u>Subsection 8.1(b)(i)</u> pursuant to (<u>a</u>) this Agreement and the other Loan Documents, (<u>b</u>) any Permitted Debt Exchange Notes (and any Refinancing Indebtedness in respect thereof), (<u>c</u>) any Rollover Indebtedness (and any Refinancing Indebtedness in respect thereof) and (<u>d</u>) any Additional Obligations (and any Refinancing Indebtedness in respect thereof); <u>provided</u>, that any Liens on Collateral pursuant to subclause <u>(b)</u>, <u>(c)</u> or <u>(d)</u> of this <u>clause (k)(1)</u> shall be subject to the Intercreditor Agreement or an Other Intercreditor Agreement, as applicable, (<u>2</u>) Indebtedness Incurred in compliance with clauses <u>(b)(iv)</u>, <u>(b)(v)</u>, <u>(b)(vii)</u>, <u>(b)(viii)</u>, <u>(b)(xv)</u> (limited, in the case of clause (b)(xv), to Liens on any of the property and assets of any Foreign Subsidiary) or clauses <u>(b)(iii)(A)</u> and <u>(B)</u> of <u>Subsection 8.1</u> (other than Refinancing Indebtedness Incurred in respect of Indebtedness described in <u>Subsection 8.1(a)</u> or <u>8.1(b)(xvii</u>)), (<u>3</u>) any Indebtedness Incurred in compliance with <u>Subsection 8.1(b)(xiii)</u>; <u>provided</u> that any Liens securing such Indebtedness shall rank junior to the Liens that secure the Senior Secured Facilities Obligations (or the Foreign Senior Secured Facilities Obligations, as applicable) and shall be subject to the Intercreditor Agreement or an Other Intercreditor Agreement, as applicable, (<u>4</u>) (<u>A</u>) Acquisition Indebtedness Incurred in compliance with <u>Subsection 8.1(b)(x)</u> or <u>(xi)</u>; <u>provided</u> that (<u>x</u>) such Liens are limited to all or part of the same property or assets, including Capital Stock (plus improvements, accessions, proceeds or dividends or distributions in respect thereof, or replacements of any thereof) acquired, or of any Person acquired or merged or consolidated with or into the Parent Borrower or any Restricted Subsidiary, in any transaction to which such Acquisition Indebtedness relates, (<u>y</u>) on the date of the Incurrence of such Indebtedness after giving effect to such Incurrence, the Consolidated First Lien Leverage Ratio would equal or be less than the Consolidated First Lien Leverage Ratio immediately prior to giving effect thereto or (<u>z</u>) such Liens rank junior to the Liens that secure the Senior Secured Facilities Obligations (or the Foreign Senior Secured Facilities Obligations, as applicable) and shall be subject to the Intercreditor Agreement or an Other Intercreditor Agreement, as applicable, or (<u>B</u>) any Refinancing Indebtedness Incurred in respect thereof, (<u>5</u>) Indebtedness Incurred in compliance with <u>Subsection 8.1(b)(i)</u> or <u>8.1(b)(xvi)</u> pursuant to any Letter of Credit Facility; <u>provided</u> that any Liens on Collateral shall be subject to the Intercreditor Agreement or an Other Intercreditor Agreement, as applicable, (<u>6</u>) Indebtedness of any Restricted Subsidiary that is not a Subsidiary Guarantor (limited, in the case of this <u>clause (k)(6)</u>, to Liens on any of the property and assets of any Restricted Subsidiary that is not a Subsidiary Guarantor), (<u>7</u>) obligations in respect of Management Advances or Management Guarantees, (<u>8</u>) any Indebtedness Incurred in compliance

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with <u>Subsection 8.1(b)(xvii)(x)</u> or (in the case of Refinancing Indebtedness Incurred in respect of Indebtedness described in <u>Subsection 8.1(b)(xvii)(x)</u>) clause <u>(b)(iii)(B)</u> of <u>Subsection 8.1</u>; <u>provided</u> that any Liens securing such Indebtedness shall be subject to the Intercreditor Agreement and/or an Other Intercreditor Agreement, as applicable, and (<u>9</u>) any Indebtedness Incurred in compliance with <u>Subsection 8.1(b)(xvii)(y</u>) or (in the case of Refinancing Indebtedness Incurred in respect of Indebtedness described in <u>Subsection 8.1(b)(xvii)(y)</u>) clause <u>(b)(iii)(B)</u> of <u>Subsection 8.1</u>; <u>provided</u> that any Liens securing such Indebtedness shall either (<u>x</u>) rank junior to the Liens that secure the Senior Secured Facilities Obligations (or the Foreign Senior Secured Facilities Obligations, as applicable) and shall be subject to the Intercreditor Agreement and/or an Other Intercreditor Agreement, as applicable or (<u>y</u>) be secured by Liens solely on assets that are not Collateral, in each case under the foregoing clauses (1) through (9) including Liens securing any Guarantee of any thereof;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l) Liens existing on property or assets of a Person at, or provided for under written arrangements existing at, the time such Person becomes a Subsidiary of the Parent Borrower (or at the time the Parent Borrower or a Restricted Subsidiary acquires such property or assets, including any acquisition by means of a merger or consolidation with or into the Parent Borrower or any Restricted Subsidiary); <u>provided</u>, <u>however</u>, that such Liens and arrangements are not created in connection with, or in contemplation of, such other Person becoming such a Subsidiary (or in connection with, or in contemplation of, such acquisition of such property or assets), and that such Liens are limited to the same property or assets (plus improvements, accessions, proceeds or dividends or distributions in respect thereof) that secured (or, under the written arrangements under which such Liens arose, could secure) the obligations to which such Liens relate; <u>provided</u>, <u>further</u>, that for purposes of this clause (l), if a Person other than the Parent Borrower is the Successor Borrower with respect thereto, any Subsidiary thereof shall be deemed to become a Subsidiary of the Parent Borrower, and any property or assets of such Person or any such Subsidiary shall be deemed acquired by the Parent Borrower or a Restricted Subsidiary, as the case may be, when such Person becomes such Successor Borrower;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m) Liens on Capital Stock, Indebtedness or other securities of an Unrestricted Subsidiary or any joint venture that secure Indebtedness or other obligations of such Unrestricted Subsidiary or joint venture, respectively;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(n) any encumbrance or restriction (including, but not limited to, pursuant to put and call agreements, tag, drag, right of first refusal, buy/sell arrangements or similar rights) with respect to Capital Stock of any joint venture or similar arrangement pursuant to any joint venture or similar agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(o) Liens securing Indebtedness (including Liens securing any Obligations in respect thereof) consisting of Refinancing Indebtedness Incurred in respect of any Indebtedness (other than any Indebtedness described in clause (k)(1) above of this definition) secured by, or securing any refinancing, refunding, extension, renewal or replacement (in whole or in part) of any other obligation secured by, any other Permitted Liens; <u>provided</u> that any such new Lien is limited to all or part of the same property or assets (plus improvements, accessions, proceeds or dividends or distributions in respect thereof) that secured (or, under the written arrangements under which the original Lien arose, could secure) the obligations to which such Liens relate;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(p) Liens (<u>1</u>) arising by operation of law (or by agreement to the same effect) in the ordinary course of business, (<u>2</u>) on property or assets under construction (and related rights) in favor of a contractor or developer or arising from progress or partial payments by a third party relating to such property or assets, (<u>3</u>) arising from precautionary UCC financing statements or similar filings made in respect of operating leases entered into by the Parent Borrower or any of its Subsidiaries, (<u>4</u>) [reserved], (<u>5</u>) on cash set aside at the time of the Incurrence of any Indebtedness or government securities purchased with such cash, in either case to the extent that such cash or government securities prefund the payment of interest on such Indebtedness and are held in an escrow account or similar arrangement to be applied for such purpose, (<u>6</u>) (<u>x</u>) securing or arising by reason of any netting or set-off or customer deposit arrangement entered into in the ordinary course of banking or other trading activities (including in connection with purchase orders and other agreements with customers), (<u>y</u>) of a collecting bank arising in the ordinary course of business under Section 4-208 of the UCC in effect in the relevant jurisdiction and covering only the items being collected upon or (<u>z</u>) created pursuant to the general conditions of a bank operating in the Netherlands based on the general conditions drawn up by the Netherlands Bankers' Association (*Nederlandse Vereniging van Banken*) and the Consumers Union (*Consumentenbond*), (<u>7</u>) in favor of the Parent Borrower or any Subsidiary (other than Liens on property or assets of any Borrower or any Subsidiary Guarantor in favor of any Subsidiary that is not a Subsidiary Guarantor), (<u>8</u>) arising out of conditional sale, title retention, consignment or similar arrangements for the sale of goods entered into in the ordinary course of business, (<u>9</u>) on inventory or other goods and proceeds securing obligations in respect of bankers' acceptances issued or created to facilitate the purchase, shipment or storage of such inventory or other goods, (<u>10</u>) relating to pooled deposit or sweep accounts to permit satisfaction of overdraft, cash pooling or similar obligations incurred in the ordinary course of business, (<u>11</u>) attaching to commodity trading or other brokerage accounts incurred in the ordinary course of business, (<u>12</u>) arising in connection with repurchase agreements permitted under <u>Subsection 8.1</u> on assets that are the subject of such repurchase agreements, (<u>13</u>) in favor of any Special Purpose Entity in connection with any Financing Disposition, (<u>14</u>) on any amounts (including the proceeds of the applicable Indebtedness and any cash, Cash Equivalents and Temporary Cash Investments deposited to cover interest and premium in respect of such Indebtedness) held by a trustee or escrow agent under any indenture or other debt agreement governing Indebtedness issued in escrow pursuant to customary escrow arrangements (as determined by the Borrower Representative in good faith, which determination shall be conclusive) pending the release thereof, or on the proceeds deposited to discharge, redeem or defease Indebtedness under any indenture or other debt agreement pursuant to customary discharge, redemption or defeasance provisions (as determined by the Borrower Representative in good faith, which determination shall be conclusive), pending such discharge, redemption or defeasance, (<u>15</u>) on equipment of the Parent Borrower or any of its Restricted Subsidiaries granted in the ordinary course of business to the Parent Borrower's or a Restricted Subsidiary's customers or (<u>16</u>) (<u>x</u>) on accounts receivable or notes receivable (including any ancillary rights pertaining thereto) purported to be sold or disposed of in connection with any "supply chain financing program", factoring agreement or similar arrangements to secure obligations owed under such "supply chain financing program", factoring agreement or similar arrangements and (<u>y</u>) any bank accounts used by the Parent Borrower or any Restricted Subsidiary in connection with any "supply chain financing program", any factoring agreement or any similar arrangements;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(q) other Liens securing Indebtedness or other obligations that in the aggregate at any time outstanding do not exceed an amount equal to the greater of $172,000,000 and 40.0% of Four Quarter Consolidated EBITDA at the time of Incurrence of such Indebtedness or other obligations;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(r) Liens securing Indebtedness (including Liens securing any Obligations in respect thereof) or other obligations of, or in favor of, any Special Purpose Entity, or in connection with a Special Purpose Financing or otherwise, Incurred pursuant to clause (b)(ix) of <u>Subsection 8.1</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(s) Liens securing Indebtedness (including Liens securing any Obligations in respect thereof) consisting of Indebtedness Incurred in compliance with <u>Subsection 8.1</u>; <u>provided</u> that (<u>x</u>) on the date of Incurrence of such Indebtedness after giving effect to such Incurrence (or, at the Borrower Representative's option, on the date of the initial borrowing of such Indebtedness or entry into the definitive agreement providing the commitment to fund such Indebtedness after giving pro forma effect to the Incurrence of the entire committed amount, in which case such committed amount may thereafter be borrowed and reborrowed in whole or in part, from time to time, without further compliance with this clause), either (<u>A</u>) the Consolidated First Lien Leverage Ratio shall not exceed 4.50:1.00 or (<u>B</u>) in the case of Indebtedness being Incurred to finance or refinance, or otherwise incurred in connection with, any acquisition of assets (including Capital Stock), business or Person, or any merger or consolidation of any Person with or into the Parent Borrower or any Restricted Subsidiary, the Consolidated First Lien Leverage Ratio would equal or be less than the Consolidated First Lien Leverage Ratio immediately prior to giving effect thereto and (<u>y</u>) if secured by Collateral, such Indebtedness (and all related Obligations) shall be subject to the terms of the Intercreditor Agreement or an Other Intercreditor Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(t) Liens on the Collateral, if such Liens rank junior to the Liens on such Collateral in relation to the Lien securing the Loans and the Subsidiary Guarantees, as applicable; <u>provided</u> that if secured by Collateral, such Indebtedness (and all related Obligations) shall be subject to the terms of the Intercreditor Agreement or an Other Intercreditor Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(u) Liens on (<u>x</u>) Vendor Collateral securing Vendor Financing Arrangements and (<u>y</u>) Inventory and Accounts Receivable (in each case, as defined in the Guarantee and Collateral Agreement) (together with, in each case, the proceeds thereof, including any proceeds thereof held in any Deposit Accounts) securing Vendor Financing Arrangements, which Liens in the case of this clause (y) shall be permitted to be senior in priority to the Liens securing the Senior Secured Facilities Obligations; <u>provided</u> that the Collateral Agent and the applicable agent and/or lender(s), as the case may be, under each such Vendor Financing Arrangement shall have entered into an Other Intercreditor Agreement in connection therewith; <u>provided</u>, <u>further</u>, that the aggregate principal amount of such Liens on Collateral (excluding, for the avoidance of doubt, security in the form of cash collateral or letters of credit) outstanding at any time shall not exceed the greater of $43,000,000 and 10.0% of Four Quarter Consolidated EBITDA;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) Permitted Encumbrances;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(w) Liens consisting of agreements to dispose of any property in a Disposition permitted under <u>Subsection 8.4</u>, in each case, solely to the extent such Disposition would have been permitted on the date of the creation of any such Lien; <u>provided</u> that such Liens encumber only the applicable assets pending consummation of such Disposition; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(x) (<u>1</u>) leases, subleases or non-exclusive licenses or sublicenses of intellectual property rights granted to other Persons in the ordinary course of business and substantially consistent with past practice which do not (<u>x</u>) interfere in any material respect with the business of the Parent Borrower and its Subsidiaries, taken as a whole, or (<u>y</u>) secure any Indebtedness and (<u>2</u>) the rights reserved or vested in any Person by the terms of any lease, license, franchise, grant or permit held by the Parent Borrower or its Subsidiaries.

For purposes of determining compliance with this definition, (<u>s</u>) a Lien need not be incurred solely by reference to one category of Permitted Liens described in this definition but may be incurred under any combination of such categories (including in part under one such category and in part under any other such category), (<u>t</u>) the principal amount of Indebtedness secured by a Lien outstanding under any category of Permitted Liens shall be determined after giving effect to the application of proceeds of any such Indebtedness to refinance any such other Indebtedness, (<u>u</u>) in the event that a Lien (or any portion thereof) meets the criteria of one or more of such categories of Permitted Liens, the Borrower Representative shall, in its sole discretion, classify or reclassify such Lien (or any portion thereof) in any manner that complies with this definition, (<u>v</u>) any Lien securing Indebtedness that was permitted to secure such Indebtedness at the time of the Incurrence of such Indebtedness shall also be permitted to secure any increase in the amount of such Indebtedness in connection with the accrual of interest, the accretion of accreted value, the payment of interest in the form of additional Indebtedness and the payment of dividends on Capital Stock constituting Indebtedness in the form of additional shares of the same class of Capital Stock, (<u>w</u>) in the event that a portion of Indebtedness secured by a Lien could be classified as secured in part pursuant to clause (k)(1) above in respect of Indebtedness Incurred pursuant to the Ratio Incremental Facility (giving effect to the Incurrence of such portion of such Indebtedness), the Borrower Representative, in its sole discretion, may classify such portion of such Indebtedness (and any Obligations in respect thereof) as having been secured pursuant to clause (k)(1) above in respect of Indebtedness Incurred pursuant to the Ratio Incremental Facility and the remainder of the Indebtedness as having been secured pursuant to such clause (k)(1) in respect of Indebtedness Incurred pursuant to <u>Subsection 8.1(b)(i)</u> (other than pursuant to the Ratio Incremental Facility) or one or more of the other clauses of this definition (other than clause (s) above), (<u>x</u>) in the event that a portion of Indebtedness secured by a Lien could be classified in part pursuant to clause (s) above (giving effect to the Incurrence of such portion of Indebtedness), the Borrower Representative, in its sole discretion, may classify such portion of Indebtedness (and any Obligations in respect thereof) as having been secured pursuant to clause (s) above and the remainder of the Indebtedness as having been secured pursuant to one or more of the other clauses or subclauses of this definition (other than clause (k)(1) above in respect of Indebtedness Incurred pursuant to the Ratio Incremental Facility), (<u>y</u>) if any Liens securing Indebtedness or other obligations are Incurred to refinance Liens securing Indebtedness or other obligations initially Incurred (or, to refinance Liens Incurred to refinance Liens initially Incurred) in reliance on any category of Permitted Liens measured by reference to a percentage of Four Quarter Consolidated EBITDA at the time of Incurrence of such Indebtedness or other obligation, and is refinanced by any Indebtedness or other obligation secured by any Lien incurred by reference to such category of Permitted Liens, and

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such refinancing (or any subsequent refinancing) would cause the percentage of Four Quarter Consolidated EBITDA to be exceeded if calculated based on the Four Quarter Consolidated EBITDA on the date of such refinancing, such percentage of Four Quarter Consolidated EBITDA shall not be deemed to be exceeded (and such refinancing Lien shall be deemed permitted) so long as the principal amount of such refinancing Indebtedness or other obligation does not exceed an amount equal to the principal amount of such Indebtedness or other obligation being refinanced, plus the aggregate amount of fees, underwriting discounts, premiums and other costs and expenses (including accrued and unpaid interest) incurred or payable in connection with such refinancing and (<u>z</u>) if any Indebtedness or other obligation is secured by any Lien outstanding under any category of Permitted Liens measured by reference to a dollar amount, and is refinanced by any Indebtedness or other obligation secured by any Lien incurred by reference to such category of Permitted Liens, and such refinancing (or any subsequent refinancing) would cause such dollar amount to be exceeded, such dollar amount shall not be deemed to be exceeded (and such refinancing Lien shall be deemed permitted) so long as the principal amount of such refinancing Indebtedness or other obligation does not exceed an amount equal to the principal amount of such Indebtedness being refinanced, plus the aggregate amount of fees, underwriting discounts, premiums and other costs and expenses (including accrued and unpaid interest) incurred or payable in connection with such refinancing.

"<u>Permitted Payment</u>": as defined in <u>Subsection 8.2(b)</u>.

"<u>Permitted Repricing Amendment</u>": as defined in <u>Subsection 11.1(i)</u>.

"<u>Person</u>": an individual, partnership, corporation, company, limited liability company, business trust, joint stock company, trust, unincorporated association, joint venture, Governmental Authority or other entity of whatever nature.

"<u>Plan</u>": at a particular time, any employee benefit plan which is covered by ERISA and in respect of which the Parent Borrower or a Commonly Controlled Entity is an "employer" as defined in Section 3(5) of ERISA.

"<u>Platform</u>": Intralinks, SyndTrak Online, Debtdomain or any other similar electronic distribution system.

"<u>Preferred Stock</u>": as applied to the Capital Stock of any corporation or company, Capital Stock of any class or classes (however designated) that by its terms is preferred as to the payment of dividends, or as to the distribution of assets upon any voluntary or involuntary liquidation or dissolution of such corporation or company, over Capital Stock of any other class of such corporation or company.

"<u>Prepayment Date</u>": as defined in <u>Subsection 4.4(h)</u>.

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"<u>Pricing Grid</u>": with respect to Revolving Loans and Swing Line Loans:

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| | | | |
|:---|:---|:---|:---|
| Consolidated Total Leverage Ratio | Applicable Margin for<br>Base Rate Loans and<br>Canadian Prime Rate<br>Loans | Applicable Margin for<br>Term Benchmark<br>Loans and RFR Loans | Applicable<br>Commitment Fee<br>Percentage |
|  Equal to or greater than 4.50 to 1.00 | 2.25% | 3.25% | 0.55% |
|  Less than 4.50 to 1.00 and equal to or greater than 3.75 to 1.00 | 2.00% | 3.00% | 0.50% |
|  Less than 3.75 to 1.00 and equal to or greater than 3.00 to 1.00 | 1.75% | 2.75% | 0.45% |
|  Less than 3.00 to 1.00 | 1.25% | 2.25% | 0.40% |

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"<u>Prime Rate</u>": the rate of interest last quoted by The Wall Street Journal in the U.S. as the "prime rate" in effect or, if The Wall Street Journal ceases to quote such rate, the highest per annum interest rate published by the Board in Federal Reserve Statistical Release H.15 (519) (Selected Interest Rates) as the "bank prime loan" rate or, if such rate is no longer quoted therein, any similar rate quoted therein (as determined by the Administrative Agent) or any similar release by the Board (as determined by the Administrative Agent). Each change in the Prime Rate shall be effective from and including the date such change is publicly announced or quoted as being effective.

"<u>Projections</u>": those financial projections included in the confidential information memoranda and related material prepared in connection with the syndication of the Facilities and provided to the Lenders on or about January 14, 2026.

"<u>PTE</u>": a prohibited transaction class exemption issued by the U.S. Department of Labor, as any such exemption may be amended from time to time.

"<u>Purchase</u>": as defined in clause (4) of the definition of "Consolidated Coverage Ratio".

"<u>Purchase Money Obligations</u>": any Indebtedness Incurred to finance or refinance the acquisition, leasing, construction or improvement of property (real or personal) or assets, and whether acquired through the direct acquisition of such property or assets or the acquisition of the Capital Stock of any Person owning such property or assets, or otherwise.

"<u>QFC Credit Support</u>": as defined in <u>Subsection 11.22</u>.

"<u>Qualifying Lender</u>": as defined in <u>Subsection 4.4(l)(iv)(3)</u>.

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"<u>Rating Agency</u>": Moody's or S&P or, if Moody's or S&P or both shall not make a rating on the applicable security or instrument publicly available, a nationally recognized statistical rating agency or agencies, as the case may be, selected by the Borrower Representative which shall be substituted for Moody's or S&P or both, as the case may be.

"<u>Ratio Incremental Facility</u>": as defined in the definition of "Maximum Incremental Facilities Amount".

"<u>Receivable</u>": a right to receive payment pursuant to an arrangement with another Person pursuant to which such other Person is obligated to pay, as determined in accordance with GAAP.

"<u>Receivables Financing Agreement</u>": the Credit and Security Agreement, dated as of June 20, 2023, by and among Columbus McKinnon FinCo, LLC, as borrower, the Parent Borrower, as initial servicer, the several banks and other financial institutions from time to time party thereto, and Wells Fargo Bank, National Association, as a lender and in its capacity as administrative agent for the lenders party thereto, as amended by the First Amendment to Credit and Security Agreement, dated as of September 20, 2023, the Second Amendment to Credit and Security Agreement, dated as of October 19, 2023, and the Third Amendment to Credit and Security Agreement, dated as of August 11, 2025, and as such agreement may be further amended, supplemented, waived or otherwise modified from time to time or refunded, refinanced, restructured, replaced, renewed, repaid, increased, decreased or extended from time to time (whether in whole or in part, whether with the original administrative agent and lenders or other agents and lenders or otherwise, and whether provided under the original Receivables Financing Agreement or one or more other agreements or otherwise), except to the extent such agreement, instrument or document expressly provides that it is not intended to be and is not a Receivables Financing Agreement. Any reference to the Receivables Financing Agreement hereunder shall be deemed a reference to each Receivables Financing Agreement then in existence.

"<u>Recovery Event</u>": any settlement of or payment in respect of any property or casualty insurance claim or any condemnation proceeding relating to any asset of the Parent Borrower or any Restricted Subsidiary constituting Collateral giving rise to Net Available Cash to the Parent Borrower or such Restricted Subsidiary, as the case may be, in excess of the greater of $151,000,000 and 35.0% of Four Quarter Consolidated EBITDA, to the extent that such settlement or payment does not constitute reimbursement or compensation for amounts previously paid by the Parent Borrower or any Restricted Subsidiary in respect of such casualty or condemnation.

"<u>Reference Time</u>": with respect to any setting of the then-current Benchmark means (<u>1</u>) if such Benchmark is the Term SOFR Rate, 5:00 a.m. (Chicago time) on the day that is two U.S. Government Securities Business Days preceding the date of such setting, (<u>2</u>) if such Benchmark is EURIBOR Rate, 11:00 a.m. Brussels time two TARGET Days preceding the date of such setting, (<u>3</u>) if such Benchmark is TIBOR Rate, 11:00 a.m. Japan time two Business Days preceding the date of such setting, (<u>4</u>) if the RFR for such Benchmark is SONIA, then four RFR Business Days prior to such setting, (<u>5</u>) if the RFR for such Benchmark is SARON, then five RFR Business Days prior to such setting, (<u>6</u>) if, following a Benchmark Transition Event and Benchmark Replacement Date with respect to the Term SOFR Rate, the RFR for such Benchmark is Daily Simple SOFR, then four RFR

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Business Days prior to such setting, (<u>7</u>) if, following a Benchmark Transition Event and Benchmark Replacement Date with respect to Adjusted Term CORRA, the RFR for such Benchmark is Daily Simple CORRA, then four RFR Business Days prior to such setting, (<u>8</u>) if such Benchmark is the Adjusted Term CORRA Rate, 1:00 p.m. Toronto local time on the day that is two Business Day preceding the date of such setting, or (<u>9</u>) if such Benchmark is none of the Term SOFR Rate, EURIBOR Rate, TIBOR Rate, Daily Simple CORRA, the Adjusted Term CORRA Rate, SONIA, SARON, the time determined by the Administrative Agent in its reasonable discretion.

"<u>refinance</u>": refinance, refund, replace, renew, repay, modify, restate, defer, substitute, supplement, reissue, resell or extend (including pursuant to any defeasance or discharge mechanism); and the terms "<u>refinances</u>," "<u>refinanced</u>" and "<u>refinancing</u>" as used for any purpose in this Agreement shall have a correlative meaning.

"<u>Refinancing Agreement</u>": as defined in <u>Subsection 8.3(c)</u>.

"<u>Refinancing Indebtedness</u>": Indebtedness that is Incurred to refinance Indebtedness (or unutilized commitments in respect of Indebtedness) Incurred pursuant to this Agreement and the Loan Documents, the Other Secured Debt and any Indebtedness (or unutilized commitment in respect of Indebtedness) existing on the Closing Date and set forth on <u>Schedule 8.1</u> or Incurred (or established) in compliance with this Agreement (including Indebtedness of the Parent Borrower that refinances Indebtedness (or unutilized commitments in respect of Indebtedness) of the Parent Borrower or any Restricted Subsidiary (to the extent permitted in this Agreement) and Indebtedness of any Restricted Subsidiary that refinances Indebtedness (or unutilized commitments in respect of Indebtedness) of the Parent Borrower or another Restricted Subsidiary) including Indebtedness that refinances Refinancing Indebtedness, and Indebtedness Incurred pursuant to a commitment that refinances any Indebtedness or unutilized commitment; <u>provided</u> that (<u>1</u>) if the Indebtedness being refinanced is Subordinated Obligations or Guarantor Subordinated Obligations, the Refinancing Indebtedness (<u>x</u>) has a final Stated Maturity at the time such Refinancing Indebtedness is Incurred that is the same as or later than the final Stated Maturity of the Indebtedness being refinanced (or, if shorter, the Maturity Date of the Initial Term Loans), (<u>y</u>) has a weighted average life to maturity at the time such Refinancing Indebtedness is Incurred that is equal to or longer than the remaining weighted average life to maturity of the Indebtedness being refinanced (or, if earlier, the remaining weighted average life to maturity of the Initial Term Loans) (<u>provided</u> that any applicable Refinancing Indebtedness may have an earlier maturity date and/or shorter weighted average life to maturity (<u>A</u>) in the case of customary bridge financings, which, subject to customary conditions (as determined by the Parent Borrower in good faith, which determination shall be conclusive), would either be automatically converted into or required to be exchanged for permanent financing which does not provide for such earlier maturity date or such shorter weighted average life to maturity, (<u>B</u>) pursuant to an escrow or similar arrangement with respect to the proceeds of such Refinancing Indebtedness or (<u>C</u>) arising on account of any mandatory principal redemption or payment by the Parent Borrower or any Restricted Subsidiary pursuant to an "AHYDO saver" provision, and the Parent Borrower's determination in good faith (which determination shall be conclusive) of the amount of any such "AHYDO saver" mandatory principal redemption or prepayment shall be conclusive and binding for all purposes under this Agreement) and (<u>z</u>) if an Event of Default under <u>Subsection 9.1(a)</u> or <u>(f)</u> is continuing, is

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subordinated in right of payment to the Senior Secured Facilities Obligations to the same extent as the Indebtedness being refinanced, (<u>2</u>) such Refinancing Indebtedness is Incurred in an aggregate principal amount (or, if issued with original issue discount, with an aggregate issue price) that is equal to or less than the sum of (<u>x</u>) the aggregate principal amount then outstanding of the Indebtedness being refinanced, <u>plus</u> (<u>y</u>) an amount equal to any unutilized commitment relating to the Indebtedness being refinanced or otherwise then outstanding under the financing arrangement being refinanced to the extent the unutilized commitment being refinanced could be drawn in compliance with <u>Subsection 8.1</u> immediately prior to such refinancing, <u>plus</u> (<u>z</u>) fees, underwriting discounts, premiums and other costs and expenses (including accrued and unpaid interest) Incurred or payable in connection with such refinancing, (<u>3</u>) Refinancing Indebtedness shall not include (<u>x</u>) Indebtedness of a Restricted Subsidiary that is not a Subsidiary Guarantor that refinances Indebtedness of a Borrower or a Subsidiary Guarantor that could not have been initially Incurred by such Restricted Subsidiary pursuant to <u>Subsection 8.1</u> or (<u>y</u>) Indebtedness of the Parent Borrower or a Restricted Subsidiary that refinances Indebtedness of an Unrestricted Subsidiary and (<u>4</u>) if the Indebtedness being refinanced constitutes Additional Obligations, Rollover Indebtedness, Permitted Debt Exchange Notes or Senior Secured Facilities Obligations Incurred pursuant to <u>Subsection</u> <u>8.1(b)(i)(II)(a)</u> (or Refinancing Indebtedness in respect of the foregoing Indebtedness), (<u>w</u>) the Refinancing Indebtedness complies with the requirements of the definition of "Additional Obligations" (other than clause (ii) thereof), (<u>x</u>) if the Indebtedness being refinanced is unsecured and an Event of Default under <u>Subsection 9.1(a)</u> or <u>(f)</u> is continuing, the Refinancing Indebtedness is unsecured and (<u>y</u>) if the Indebtedness being refinanced is secured by a Lien on Collateral ranking junior to the Liens on Collateral that secure the Senior Secured Facilities Obligations (or the Foreign Senior Secured Facilities Obligations, as applicable) and an Event of Default under <u>Subsection 9.1(a)</u> or <u>(f)</u> is continuing, the Refinancing Indebtedness is unsecured or secured by a Lien on Collateral ranking junior to the Liens on Collateral that secure the Senior Secured Facilities Obligations (or the Foreign Senior Secured Facilities Obligations, as applicable).

"<u>Refunded Swing Line Loans</u>": as defined in <u>Subsection 2.7(c)</u>.

"<u>Refunding Capital Stock</u>": as defined in <u>Subsection 8.2(b)(i)</u>.

"<u>Register</u>": as defined in <u>Subsection 11.6(b)(iv)</u>.

"<u>Regulated Bank</u>": (<u>x</u>) an Approved Commercial Bank that is (<u>i</u>) a U.S. depository institution the deposits of which are insured by the Federal Deposit Insurance Corporation; (<u>ii</u>) a corporation organized under section 25A of the U.S. Federal Reserve Act of 1913; (<u>iii</u>) a branch, agency or commercial lending company of a foreign bank operating pursuant to approval by and under the supervision of the Board of Governors under 12 CFR part 211; (<u>iv</u>) a non-U.S. branch of a foreign bank managed and controlled by a U.S. branch referred to in clause (iii); or (<u>v</u>) any other U.S. or non-U.S. depository institution or any branch, agency or similar office thereof supervised by a bank regulatory authority in any jurisdiction or (y) any Affiliate of a Person set forth in clause (x) to the extent that (1) all of the Capital Stock of such Affiliate is directly or indirectly owned by either (I) such Person set forth in clause (x) or (II) a parent entity that also owns, directly or indirectly, all of the Capital Stock of such Person set forth in clause (x) and (2) such Affiliate is a securities broker or dealer registered with the SEC under Section 15 of the Exchange Act.

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"<u>Regulation H</u>": Regulation H of the Board as in effect from time to time.

"<u>Regulation S-X</u>": Regulation S-X promulgated by the SEC as in effect on the Closing Date.

"<u>Regulation T</u>": Regulation T of the Board as in effect from time to time.

"<u>Regulation U</u>": Regulation U of the Board as in effect from time to time.

"<u>Regulation X</u>": Regulation X of the Board as in effect from time to time.

"<u>Regulatory Authority</u>": as defined in Subsection 11.16.

"<u>Reimbursement Obligation</u>": the obligation of the applicable Borrower to reimburse the applicable Issuing Bank pursuant to <u>Subsection 2.6(e)</u> for amounts drawn on the applicable Letters of Credit and Bankers' Acceptances.

"<u>Reinvestment Deferred Amount</u>": with respect to any Asset Disposition or Recovery Event, the aggregate Net Available Cash received by the Parent Borrower or any Subsidiary thereof in connection therewith that are not applied to prepay the Initial Term Loans pursuant to <u>Subsection 8.4(b)</u> as a result of the Borrower Representative making an election pursuant to <u>Subsection 8.4(b)(i)</u> to invest in Additional Assets.

"<u>Reinvestment Period</u>": as defined in <u>Subsection 8.4(b)(i)</u>.

"<u>Related Business</u>": those businesses in which the Parent Borrower or any of its Subsidiaries is engaged on the Closing Date, or that are similar, related, complementary, incidental or ancillary thereto or extensions, developments or expansions thereof.

"<u>Related Parties</u>": with respect to any Person, such Person's affiliates and the partners, officers, directors, trustees, employees, equity holders, shareholders, members, attorneys and other advisors, agents and controlling persons of such Person and of such Person's affiliates and "<u>Related Party</u>" shall mean any of them.

"<u>Relevant Governmental Body</u>": (<u>i</u>) with respect to a Benchmark Replacement in respect of Loans denominated in Dollars, the Board and/or the NYFRB, or a committee officially endorsed or convened by the Board and/or the NYFRB or, in each case, any successor thereto, (<u>ii</u>) with respect to a Benchmark Replacement in respect of Loans denominated in Sterling, the Bank of England, or a committee officially endorsed or convened by the Bank of England or, in each case, any successor thereto, (<u>iii</u>) with respect to a Benchmark Replacement in respect of Loans denominated in Euros, the European Central Bank, or a committee officially endorsed or convened by the European Central Bank or, in each case, any successor thereto, (<u>iv</u>) with respect to a Benchmark Replacement

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in respect of Loans denominated in Swiss Francs, the Swiss National Bank, or a committee officially endorsed or convened by the Swiss National Bank or, in each case, any successor thereto, (<u>v</u>) with respect to a Benchmark Replacement in respect of Loans denominated in Yen, the Bank of Japan, or a committee officially endorsed or convened by the Bank of Japan or, in each case, any successor thereto, (<u>vi</u>) with respect to a Benchmark Replacement in respect of Loans denominated in Canadian Dollars, the Bank of Canada, or a committee officially endorsed or convened by the Bank of Canada or, in each case, any successor thereto and (<u>vii</u>) with respect to a Benchmark Replacement in respect of Loans denominated in any other currency (<u>a</u>) the central bank for the currency in which such Benchmark Replacement is denominated or any central bank or other supervisor which is responsible for supervising either (<u>1</u>) such Benchmark Replacement or (<u>2</u>) the administrator of such Benchmark Replacement or (<u>b</u>) any working group or committee officially endorsed or convened by (<u>1</u>) the central bank for the currency in which such Benchmark Replacement is denominated, (<u>2</u>) any central bank or other supervisor that is responsible for supervising either (<u>A</u>) such Benchmark Replacement or (<u>B</u>) the administrator of such Benchmark Replacement, (<u>3</u>) a group of those central banks or other supervisors or (<u>4</u>) the Financial Stability Board or any part thereof.

"<u>Relevant Rate</u>": (<u>i</u>) with respect to any Term Benchmark Borrowing denominated in Dollars, the Term SOFR Rate, (<u>ii</u>) with respect to any Term Benchmark Borrowing denominated in Euros, the Adjusted EURIBOR Rate, (<u>iii</u>) with respect to any Term Benchmark Borrowing denominated in Canadian Dollars, the Adjusted Term CORRA, (<u>iv</u>) with respect to any RFR Borrowing denominated in Sterling, Swiss Francs, Dollars or Canadian Dollars, the applicable Adjusted Daily Simple RFR, (<u>v</u>) with respect to any Term Benchmark Borrowing denominated in Hong Kong Dollars, the Adjusted HIBOR Rate or (<u>vi</u>) with respect to any Term Benchmark Borrowing denominated in Yen, the Adjusted TIBOR Rate, as applicable.

"<u>Reportable Event</u>": any of the events set forth in Section 4043(c) of ERISA, other than those events as to which the 30 day notice period is waived under Section 21, 22, 23, 24, 25, 27 or 28 of PBGC Regulation Section 4043 or any successor regulation thereto.

"<u>Repricing Transaction</u>": (<u>a</u>) any prepayment or repayment of the Initial Term Loans with the proceeds of a concurrent Incurrence of Indebtedness in the form of any long-term bank debt financing or any other financing similar to such Initial Term Loans (for the avoidance of doubt, excluding the proceeds of any Special Purpose Financing), or any conversion of any portion of the Initial Term Loans into any new or replacement tranche of Term Loans, in respect of which the all-in yield is, on the date of such prepayment, lower than the all-in yield on such Initial Term Loans (calculated by the Administrative Agent in accordance with standard market practice, taking into account, in each case, the Term Benchmark floor in the definition of such term herein and any interest rate floor applicable to such financing, if applicable on such date, the Applicable Margin hereunder and the interest rate spreads under such Indebtedness, and any original issue discount and upfront fees applicable to or payable in respect of such Initial Term Loans and such Indebtedness (but excluding arrangement, structuring, underwriting, commitment, amendment or other fees regardless of whether paid in whole or in part to any or all lenders of such Indebtedness and any other fees that are not paid generally to all lenders of such Indebtedness)) or (<u>b</u>) any amendment to this Agreement that reduces the effective interest rate applicable to the Initial Term Loans. Notwithstanding the foregoing, it is

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understood and agreed that any such financing transaction consummated in connection with a Change of Control, or an acquisition that is otherwise not permitted pursuant to this Agreement, will not in any event constitute a Repricing Transaction. For purposes of this definition, original issue discount and upfront fees shall be equated to interest based on an assumed four-year life to maturity (or, if less, the actual life to maturity).

"<u>Required Lenders</u>": Lenders the Total Credit Percentages of which aggregate to greater than 50.0%; <u>provided</u> that the Revolving Commitments (or, if the Revolving Commitments have terminated or expired, the Revolving Loans and interests in L/C-B/A Obligations and Swing Line Loans), Term Loans and unused Term Loan Commitments (if any) held or deemed held by Defaulting Lenders shall be excluded for purposes of making a determination of Required Lenders; <u>provided</u>, <u>further</u>, that the Revolving Commitments (or, if the Revolving Commitments have terminated or expired, the Revolving Loans and interests in L/C-B/A Obligations and Swing Line Loans), Term Loans and unused Term Loan Commitments (if any) held or deemed held by a Disqualified Party shall be excluded for purposes of making a determination of Required Lenders.

"<u>Required Majority in Interest Lenders</u>": Lenders of any Tranche or Lenders of any group of affected Lenders, as applicable, the Total Credit Percentages of which aggregate to greater than 50.0% of the Total Credit Percentages of such Tranche or Lenders of such group of affected Lenders; <u>provided</u> that the Revolving Commitments (or, if the Revolving Commitments have terminated or expired, the Revolving Loans and interests in L/C-B/A Obligations and Swing Line Loans), Term Loans and unused Term Loan Commitments (if any) held or deemed held by Defaulting Lenders shall be excluded for purposes of making a determination of Required Majority in Interest Lenders; <u>provided</u>, <u>further</u>, that the Revolving Commitments (or, if the Revolving Commitments have terminated or expired, the Revolving Loans and interests in L/C-B/A Obligations and Swing Line Loans), Term Loans and unused Term Loan Commitments (if any) held or deemed held by a Disqualified Party shall be excluded for purposes of making a determination of Required Majority in Interest Lenders.

"<u>Required Revolving Lenders</u>": Lenders the Revolving Commitment Percentage of which aggregate to greater than 50.0%; <u>provided</u> that the Revolving Commitments (or, if the Revolving Commitments have terminated or expired, the Revolving Loans and interests in L/C-B/A Obligations and Swing Line Loans) held or deemed held by Defaulting Lenders shall be excluded for purposes of making a determination of Required Revolving Lenders; <u>provided</u> <u>further</u>, that the Revolving Commitments (or, if the Revolving Commitments have terminated or expired, the Revolving Loans and interests in L/C-B/A Obligations and Swing Line Loans) held or deemed held by a Disqualified Party shall be excluded for purposes of making a determination of Required Revolving Lenders.

"<u>Requirement of Law</u>": as to any Person, the Organizational Documents of such Person, and any law, statute, ordinance, code, decree, treaty, rule or regulation or determination of an arbitrator or a court or other Governmental Authority, in each case applicable to or binding upon such Person or any of its material property or to which such Person or any of its material property is subject, including laws, ordinances and regulations pertaining to zoning, occupancy and subdivision of real properties; <u>provided</u> that the foregoing shall not apply to any non-binding recommendation of any Governmental Authority.

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"<u>Resolution Authority</u>": an EEA Resolution Authority or, with respect to any UK Financial Institution, a UK Resolution Authority.

"<u>Responsible Officer</u>": as to any Person, any of the following officers of such Person: (<u>a</u>) the chief executive officer or the president of such Person and, with respect to financial matters, the chief financial officer, the treasurer or the controller of such Person, (<u>b</u>) any vice president of such Person or, with respect to financial matters, any assistant treasurer or assistant controller of such Person, in each case who has been designated in writing to the Administrative Agent or the Collateral Agent as a Responsible Officer by such chief executive officer or president of such Person or, with respect to financial matters, by such chief financial officer of such Person, (<u>c</u>) with respect to the sixth and seventh sentences of <u>Subsection 1.2(c)</u>, <u>Subsection 7.7</u> and ERISA matters and without limiting the foregoing, the general counsel (or substantial equivalent) of such Person, (<u>d</u>) with respect to any Person that does not have officers, the officer listed in clauses (a) through (c) of a Person that has the authority to act on behalf of such Person and (<u>e</u>) any other individual designated as a "Responsible Officer" for the purposes of this Agreement by the Board of Directors or equivalent body of such Person.

"<u>Restricted Payment</u>": as defined in <u>Subsection 8.2(a)</u>.

"<u>Restricted Payment Transaction</u>": any Restricted Payment permitted pursuant to <u>Subsection 8.2</u>, any Permitted Payment, any Permitted Investment, or any transaction specifically excluded from the definition of the term "Restricted Payment" (including pursuant to the exception contained in clause (i) of such definition and the parenthetical exclusions contained in clauses (ii) and (iii) of such definition).

"<u>Restricted Subsidiary</u>": any Subsidiary of the Parent Borrower other than an Unrestricted Subsidiary. Unless the context otherwise requires, as used herein "Restricted Subsidiary" shall mean a Restricted Subsidiary of the Parent Borrower.

"<u>Revaluation Date</u>": (<u>a</u>) with respect to any Revolving Loan denominated in a Designated Foreign Currency, each of the following: (<u>i</u>) each date on which the Borrower Representative has given the Administrative Agent a notice of borrowing of such Revolving Loan as specified in the first sentence of <u>Subsection 2.1(b)</u>, (<u>ii</u>) the last day of each fiscal quarter of the Parent Borrower, (iii) each date of a conversion or continuation of such Revolving Loan pursuant to <u>Subsection 4.2</u> and (<u>iii</u>) the effective date of any voluntary reduction of a Revolving Commitment pursuant to <u>Subsection 4.4(c)</u>; (<u>b</u>) with respect to any Letter of Credit or Bankers' Acceptance denominated in a Designated Foreign Currency, each of the following: (i) each date on which the Borrower Representative has given the Administrative Agent a Letter of Credit / Bankers' Acceptance Request in respect of issuance (or amendment that would have the effect of increasing the face amount thereof) of a Letter of Credit as specified in the first sentence of <u>Subsection 2.6(a)(i)</u> and <u>2.6(b)(i)</u>; and (ii) the last day of each fiscal quarter of the Parent Borrower, (<u>c</u>) such additional dates as the Administrative Agent or the applicable Issuing Bank shall determine, or the Required Revolving

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Lenders shall require, at any time when (i) an Event of Default under <u>Subsection 9.1(a)</u> or <u>(f)</u> has occurred and is continuing or (ii) to the extent that, and for so long as, the Revolving Exposure (for such purpose, using the Dollar Equivalent in effect for the most recent Revaluation Date) exceeds 95.0% of the aggregate Revolving Commitments.

"<u>Revolving Commitment</u>": as to any Lender, the aggregate of its Initial Revolving Commitments, Incremental Revolving Commitments, Extended Revolving Commitments and Specified Refinancing Revolving Commitments; collectively, as to all Lenders, the "<u>Revolving Commitments</u>".

"<u>Revolving Commitment Percentage</u>": as to any Lender, the percentage of the aggregate Revolving Commitments constituted by its Revolving Commitment (or, if the Revolving Commitments have terminated or expired, the percentage which (<u>a</u>) the sum of (<u>i</u>) such Lender's then outstanding Revolving Loans (including, without limitation, in the case of Revolving Loans made by such Lender in any Designated Foreign Currency, the Dollar Equivalent of the aggregate unpaid principal amount thereof) <u>plus</u> (<u>ii</u>) such Lender's interests in the aggregate L/C-B/A Obligations and Swing Line Loans then outstanding then constitutes of (<u>b</u>) the sum of (<u>i</u>) the aggregate Revolving Loans of all the Lenders then outstanding (including, without limitation, in the case of Revolving Loans made by any Lender in any Designated Foreign Currency, the Dollar Equivalent of the aggregate unpaid principal amount thereof) <u>plus</u> (<u>ii</u>) the aggregate L/C-B/A Obligations and Swing Line Loans then outstanding); <u>provided</u> that for purposes of <u>Subsections 4.14(d)</u> and <u>(e)</u>, "<u>Revolving Commitment Percentage</u>" shall mean the percentage of the aggregate Revolving Commitments (disregarding the Revolving Commitment of any Defaulting Lender to the extent its Swing Line Exposure or L/C-B/A Obligations is reallocated to the Non-Defaulting Lenders) constituted by such Lender's Revolving Commitment.

"<u>Revolving Commitment Period</u>": the Initial Revolving Commitment Period, the "Revolving Commitment Period" in respect of any Tranche of Extended Revolving Commitments as set forth in the applicable Extension Amendment, the "Revolving Commitment Period" in respect of any Tranche of Incremental Revolving Commitments as set forth in the applicable Incremental Commitment Amendment or the "Revolving Commitment Period" in respect of any Tranche of Specified Refinancing Revolving Facilities as set forth in the applicable Specified Refinancing Amendment, as the context may require.

"<u>Revolving Exposure</u>": at any time the aggregate principal amount at such time of all outstanding Revolving Loans (including, without limitation, in the case of Revolving Loans denominated in any Designated Foreign Currency, the Dollar Equivalent of the aggregate unpaid principal amount thereof). The Revolving Exposure of any Lender at any time shall equal its Revolving Commitment Percentage of the aggregate Revolving Exposure at such time.

"<u>Revolving Lender</u>": any Lender having a Revolving Commitment and/or a Revolving Loan outstanding hereunder.

"<u>Revolving Loans</u>": Initial Revolving Loans, Incremental Revolving Loans, Extended Revolving Loans and Specified Refinancing Revolving Loans, as the context shall require.

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"<u>RFR</u>": for any RFR Loan denominated in (<u>a</u>) Sterling, SONIA, (<u>b</u>) Swiss Francs, SARON, (<u>c</u>) Dollars, solely following a Benchmark Transition Event and a Benchmark Replacement Date with respect to the Term SOFR Rate, Daily Simple SOFR and (<u>d</u>) Canadian Dollars, solely following a Benchmark Transition Event and a Benchmark Replacement Date with respect to Term CORRA, Daily Simple CORRA.

"<u>RFR Borrowing</u>": as to any Borrowing, the RFR Loans comprising such Borrowing.

"<u>RFR Business Day</u>": for any Loan denominated in (<u>a</u>) Sterling, any day except for (<u>i</u>) a Saturday, (<u>ii</u>) a Sunday or (<u>iii</u>) a day on which banks are closed for general business in London, (<u>b</u>) Swiss Francs, any day except for (<u>i</u>) a Saturday, (<u>ii</u>) a Sunday or (<u>iii</u>) a day on which banks are closed for the settlement of payments and foreign exchange transactions in Zurich, (<u>c</u>) Dollars, a U.S. Government Securities Business Day and (<u>d</u>) Canadian Dollars, any day except for (i) a Saturday, (ii) a Sunday or (iii) a day on which commercial banks in Toronto are authorized or required by law to remain closed.

"<u>RFR Interest Day</u>": as defined in the definition of "Daily Simple RFR".

"<u>RFR Interest Payment</u>": in respect of any Interest Period in relation to an RFR Loan, the aggregate amount of interest that is, or is scheduled to become, payable under <u>Subsection 4.1</u>.

"<u>RFR Loan</u>": a Loan that bears interest at a rate based on the Adjusted Daily Simple RFR.

"<u>Rollover Indebtedness</u>": Indebtedness of a Borrower or a Guarantor issued to any Lender in lieu of such Lender's pro rata portion of any repayment of Term Loans made pursuant to <u>Subsection 4.4(a)</u> or <u>(e)</u>; so long as (other than in connection with a refinancing in full of the Facilities) such Indebtedness would not have a weighted average life to maturity earlier than the remaining weighted average life to maturity of the Term Loans being repaid.

"<u>Royal Divestiture</u>": collectively, (1) the contribution of the Parent Borrower's hoist manufacturing facility in Damascus, Virginia, its chain manufacturing facility in Lexington, Tennessee and certain other assets to Royal NY Company Holdings LLC ("<u>Royal Holdings</u>") and (2) the disposition of the Parent Borrower's equity interests in Royal Holdings pursuant to that certain Equity Purchase Agreement, dated as of January 13, 2026 (as amended, supplemented, waived or otherwise modified from time to time, the "<u>Royal Purchase Agreement</u>"), among the Parent Borrower, Royal Holdings and Star Hoist Intermediate, LLC.

"<u>Royal Holdings</u>" as defined in the definition of "Royal Divestiture".

"<u>Royal Purchase Agreement</u>": as defined in the definition of "Royal Divestiture".

"<u>S&P</u>": Standard & Poor's Financial Services LLC, a division of S&P Global Inc., and its successors.

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"<u>Sale</u>": as defined in clause (3) of the definition of "Consolidated Coverage Ratio".

"<u>Sanctioned Country</u>": at any time, a country or region that is the subject or target of comprehensive Sanctions maintained under any Anti-Terrorism Law (as of the date of this Agreement, Cuba, Iran, North Korea, and the Crimea, Zaporizhzhia, Kherson, the so-called "Donetsk People's Republic," and the so-called "Luhansk People's Republic" regions of Ukraine, and, prior to July 1, 2025, Syria).

"<u>Sanctioned Person</u>": at any time, any Person the subject or target of Sanctions, including (a) any Person listed in any Sanctions-related list of designated Persons maintained by the U.S. government (including OFAC and the U.S. Department of State), the United Nations Security Council, the European Union or any member state, His Majesty's Treasury of the United Kingdom or the Hong Kong Monetary Authority, (b) any Person operating, organized, or resident in a Sanctioned Country or (c) any Person owned or controlled by any such Person or Persons described in the foregoing clauses (a) or (b).

"<u>Sanctions</u>": all economic or financial sanctions, trade embargoes or similar restrictions imposed, administered or enforced from time to time by (a) the U.S. government, including those administered by OFAC or the U.S. Department of State or (b) the United Nations Security Council, the European Union or any member state, His Majesty's Treasury of the United Kingdom, the Hong Kong Monetary Authority or other relevant sanctions authority.

"<u>Sarbanes-Oxley</u>": the Sarbanes-Oxley Act of 2002, as amended.

"<u>SARON</u>": with respect to any Business Day, a rate per annum equal to the Swiss Average Rate Overnight for such Business Day published by the SARON Administrator on the SARON Administrator's Website.

"<u>SARON Administrator</u>": the SIX Swiss Exchange AG (or any successor administrator of the Swiss Average Rate Overnight).

"<u>SARON Administrator's Website</u>": SIX Swiss Exchange AG's website, currently at https://www.six-group.com, or any successor source for the Swiss Average Rate Overnight identified as such by the SARON Administrator from time to time.

"<u>Schedule I Lender</u>": a Lender which is a Canadian chartered bank listed on Schedule I of the Bank Act (Canada).

"<u>SEC</u>": the U.S. Securities and Exchange Commission or any successor thereto.

"<u>Secured Parties</u>": the reference to the U.S. Secured Parties, the Foreign Secured Parties, or the collective reference thereto, as applicable.

"<u>Securities Act</u>": the Securities Act of 1933, as amended from time to time.

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"<u>Securities Laws</u>": the Securities Act, the Exchange Act, Sarbanes-Oxley and the applicable accounting and auditing principals, rules, standards and practices promulgated, approved or incorporated by the SEC or the PCAOB.

"<u>Security Documents</u>": the collective reference to the U.S. Security Documents and the Foreign Security Documents.

"<u>Senior Indebtedness</u>": as defined in <u>Subsection 11.1(a)(xiii)</u>.

"<u>Senior Secured Facilities Obligations</u>": obligations of the Parent Borrower and the other Loan Parties from time to time arising under or in respect of the due and punctual payment of (<u>i</u>) the principal of and premium, if any, and interest (including interest accruing during (or that would accrue but for) the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding) on the Loans and any Reimbursement Obligations with respect to the Letters of Credit and Bankers' Acceptances, when and as due, whether at maturity, by acceleration, upon one or more dates set for prepayment or otherwise and (<u>ii</u>) all other monetary obligations, including fees, costs, expenses and indemnities, whether primary, secondary, direct, contingent, fixed or otherwise (including monetary obligations incurred during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding), of the Parent Borrower and the other Loan Parties under this Agreement and the other Loan Documents.

"<u>Set</u>": the collective reference to Term Benchmark Loans or RFR Loans of a single Tranche, the then current Interest Periods with respect to all of which begin on the same date and end on the same later date (whether or not such Term Benchmark Loans or RFR Loans shall originally have been made on the same day).

"<u>Settlement Service</u>": as defined in <u>Subsection 11.6(b)</u>.

"<u>Single Employer Plan</u>": any Plan which is covered by Title IV or Section 302 of ERISA or Section 412 of the Code, but which is not a Multiemployer Plan.

"<u>SOFR</u>": a rate equal to the secured overnight financing rate as administered by the SOFR Administrator.

"<u>SOFR Administrator</u>": the NYFRB (or a successor administrator of the secured overnight financing rate).

"<u>SOFR Administrator's Website</u>": the website of the NYFRB, currently at http://www.newyorkfed.org, or any successor source for the secured overnight financing rate identified as such by the SOFR Administrator from time to time.

"<u>SOFR Determination Date</u>": as defined in the definition of "Daily Simple SOFR".

"<u>SOFR Rate Day</u>": as defined in the definition of "Daily Simple SOFR".

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"<u>Solicited Discount Proration</u>": as defined in <u>Subsection 4.4(l)(iv)(3)</u>.

"<u>Solicited Discounted Prepayment Amount</u>": as defined in <u>Subsection</u> <u>4.4(l)(iv)(1)</u>.

"<u>Solicited Discounted Prepayment Notice</u>": an irrevocable written notice of a Borrower Solicitation of Discounted Prepayment Offer made pursuant to <u>Subsection 4.4(l)(iv)</u> substantially in the form of <u>Exhibit Q</u>.

"<u>Solicited Discounted Prepayment Offer</u>": the irrevocable written offer by each Lender, substantially in the form of <u>Exhibit R</u>, submitted following the Administrative Agent's receipt of a Solicited Discounted Prepayment Notice.

"<u>Solicited Discounted Prepayment Response Date</u>": as defined in <u>Subsection</u> <u>4.4(l)(iv)(1)</u>.

"<u>Solvent</u>" and "<u>Solvency</u>": with respect to the Parent Borrower and its Subsidiaries on a consolidated basis after giving effect to the Transactions (including the effectiveness of the Acquisition on the Closing Date) means (<u>i</u>) the Fair Value and Present Fair Salable Value of the assets of the Parent Borrower and its Subsidiaries taken as a whole exceed their Stated Liabilities and Identified Contingent Liabilities; (<u>ii</u>) the Parent Borrower and its Subsidiaries taken as a whole do not have Unreasonably Small Capital; and (<u>iii</u>) the Parent Borrower and its Subsidiaries taken as a whole will be able to pay their Stated Liabilities and Identified Contingent Liabilities as they mature (all capitalized terms used in this definition (other than "Parent Borrower", "Closing Date", "Subsidiary" and "Transactions", which have the meanings set forth in this Agreement) shall have the meaning assigned to such terms in the form of solvency certificate attached hereto as <u>Exhibit H</u>).

"<u>SONIA</u>": with respect to any RFR Business Day, a rate per annum equal to the Sterling Overnight Index Average for such RFR Business Day published by the SONIA Administrator on the SONIA Administrator's Website.

"<u>SONIA Administrator</u>": the Bank of England (or any successor administrator of the Sterling Overnight Index Average).

"<u>SONIA Administrator's Website</u>": the Bank of England's website, currently at http://www.bankofengland.co.uk, or any successor source for the Sterling Overnight Index Average identified as such by the SONIA Administrator from time to time.

"<u>Special Purpose Entity</u>": (<u>x</u>) any Special Purpose Subsidiary or (<u>y</u>) any other Person that is engaged in the business of (<u>i</u>) acquiring, selling, collecting, financing or refinancing Receivables, accounts (as defined in the Uniform Commercial Code or any analogous law, as in effect in any applicable jurisdiction from time to time), other accounts and/or other receivables, and/or related assets and/or (<u>ii</u>) financing or refinancing in respect of Capital Stock of any Special Purpose Subsidiary.

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"<u>Special Purpose Financing</u>": any financing or refinancing of assets (including pursuant to the Receivables Financing Agreement) consisting of or including Receivables of the Parent Borrower or any Restricted Subsidiary that have been transferred to a Special Purpose Entity or made subject to a Lien in a Financing Disposition (including any financing or refinancing in respect of Capital Stock of a Special Purpose Subsidiary held by another Special Purpose Subsidiary).

"<u>Special Purpose Financing Expense</u>": for any period, (<u>a</u>) the aggregate interest expense for such period on any Indebtedness of any Special Purpose Subsidiary that is a Restricted Subsidiary, which Indebtedness is not recourse to the Parent Borrower or any Restricted Subsidiary that is not a Special Purpose Subsidiary (other than with respect to Special Purpose Financing Undertakings), and (<u>b</u>) Special Purpose Financing Fees.

"<u>Special Purpose Financing Fees</u>": distributions or payments made directly or by means of discounts with respect to any participation interest issued or sold in connection with, and other fees paid to a Person that is not a Restricted Subsidiary in connection with, any Special Purpose Financing.

"<u>Special Purpose Financing Undertakings</u>": representations, warranties, covenants, indemnities, guarantees of performance and (subject to clause (y) of the proviso below) other agreements and undertakings entered into or provided by the Parent Borrower or any of its Restricted Subsidiaries that the Borrower Representative determines in good faith (which determination shall be conclusive) are customary or otherwise necessary or advisable in connection with a Special Purpose Financing or a Financing Disposition; <u>provided</u> that (<u>x</u>) it is understood that Special Purpose Financing Undertakings may consist of or include (<u>i</u>) reimbursement and other obligations in respect of notes, letters of credit, surety bonds and similar instruments provided for credit enhancement purposes, (<u>ii</u>) Hedging Obligations or other obligations relating to Interest Rate Agreements, Currency Agreements or Commodities Agreements entered into by the Parent Borrower or any Restricted Subsidiary, in respect of any Special Purpose Financing or Financing Disposition, or (<u>iii</u>) any Guarantee in respect of customary recourse obligations (as determined in good faith by the Borrower Representative, which determination shall be conclusive) in connection with any Special Purpose Financing or Financing Disposition, including in respect of Liabilities in the event of any involuntary case commenced with the collusion of any Special Purpose Subsidiary or any Affiliate thereof, or any voluntary case commenced by any Special Purpose Subsidiary, under any applicable bankruptcy law, and (<u>y</u>) subject to the preceding clause (x), any such other agreements and undertakings shall not include any Guarantee of Indebtedness of a Special Purpose Subsidiary by the Parent Borrower or a Restricted Subsidiary that is not a Special Purpose Subsidiary.

"<u>Special Purpose Subsidiary</u>": any Subsidiary of the Parent Borrower that (<u>a</u>) is engaged solely in (<u>x</u>) the business of (<u>i</u>) acquiring, selling, collecting, financing or refinancing Receivables, accounts (as defined in the Uniform Commercial Code or any analogous law, as in effect in any applicable jurisdiction from time to time) and other accounts and receivables (including any thereof constituting or evidenced by chattel paper, instruments or general intangibles), all proceeds thereof and all rights (contractual and other), collateral and other assets relating thereto, and/or (<u>ii</u>) owning or holding Capital Stock of any Special Purpose Subsidiary and/or engaging in any financing or refinancing in respect thereof, and (<u>y</u>) any business or activities incidental or related to such business, and (<u>b</u>) is designated as a "Special Purpose Subsidiary" by the Borrower Representative.

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"<u>Specified Discount</u>": as defined in <u>Subsection 4.4(l)(ii)(1)</u>.

"<u>Specified Discount Prepayment Amount</u>": as defined in <u>Subsection 4.4(l)(ii)(1)</u>.

"<u>Specified Discount Prepayment Notice</u>": an irrevocable written notice of the Borrower Offer of Specified Discount Prepayment made pursuant to <u>Subsection 4.4(l)(ii)</u> substantially in the form of <u>Exhibit S</u>.

"<u>Specified Discount Prepayment Response</u>": the written response by each Lender, substantially in the form of <u>Exhibit T</u>, to a Specified Discount Prepayment Notice.

"<u>Specified Discount Prepayment Response Date</u>": as defined in <u>Subsection</u> <u>4.4(l)(ii)(1)</u>.

"<u>Specified Discount Proration</u>": as defined in <u>Subsection 4.4(l)(ii)(3)</u>.

"<u>Specified Existing Tranche</u>": as defined in <u>Subsection</u> <u>2.10(a)(ii)</u>.

"<u>Specified Refinancing Amendment</u>": an amendment to this Agreement effecting the incurrence of Specified Refinancing Facilities in accordance with <u>Subsection 2.11</u>.

"<u>Specified Refinancing Facilities</u>": as defined in <u>Subsection 2.11(a)</u>.

"<u>Specified Refinancing Indebtedness</u>": Indebtedness incurred by the Borrowers pursuant to and in accordance with <u>Subsection 2.11</u>.

"<u>Specified Refinancing Lenders</u>": as defined in <u>Subsection 2.11(b)</u>.

"<u>Specified Refinancing Loans</u>": as defined in <u>Subsection 2.11(a)</u>.

"<u>Specified Refinancing Revolving Commitment</u>": as to any Lender, its obligation to make Specified Refinancing Revolving Loans to, and/or participate in Swing Line Loans made to, and/or participate in Letters of Credit issued on behalf of, the Borrowers.

"<u>Specified Refinancing Revolving Facilities</u>": as defined in <u>Subsection</u> <u>2.11(a)</u>.

"<u>Specified Refinancing Revolving Loans</u>": as defined in <u>Subsection 2.11(a)</u>.

"<u>Specified Refinancing Term Loan Facilities</u>": as defined in <u>Subsection</u> <u>2.11(a)</u>.

"<u>Specified Refinancing Term Loans</u>": as defined in <u>Subsection 2.11(a)</u>.

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"<u>Specified Refinancing Tranche</u>": Specified Refinancing Facilities with the same terms and conditions made on the same day and any Supplemental Term Loan or Supplemental Revolving Commitments and Loans in respect thereof, as applicable, added to such Tranche pursuant to <u>Subsection 2.8</u>.

"<u>Specified Representations</u>": the representations set forth in <u>Subsections 5.2(c)</u>, <u>5.3(a)</u> (with respect to due organization and valid existence), <u>5.4</u> (other than the second sentence thereof), <u>5.5(c)</u> (with respect to the incurrence of the Loans, the provision of guarantees and granting of security not contravening the Organizational Documents of any Loan Party), <u>5.11</u>, and <u>5.13</u> (subject to the limitations set forth in the proviso to <u>Subsections 6.1(a)</u>, <u>6.1(h)</u> and <u>6.1(i)</u>), <u>Subsection 5.21</u> (with respect to the use of proceeds of the Loans on the Closing Date not violating the Patriot Act, OFAC or FCPA)<u> </u>and the first sentence of <u>Subsection</u> <u>5.14</u>.

"<u>Spot Rate of Exchange</u>": on any day, with respect to a Designated Foreign Currency (for purposes of determining the Dollar Equivalent) the rate of exchange for the purchase of Dollars with the Designated Foreign Currency last provided (either by publication or otherwise provided to the Administrative Agent) by Reuters on the Business Day (New York City time) immediately preceding the date of determination or if such service ceases to be available or ceases to provide a rate of exchange for the purchase of Dollars with the Designated Foreign Currency, as provided by such other publicly available information service which provides that rate of exchange at such time in place of Reuters chosen by the Administrative Agent in its sole discretion (or if such service ceases to be available or ceases to provide such rate of exchange, the equivalent of such amount in Dollars as determined by the Administrative Agent using any method of determination it deems appropriate in its sole discretion) and if such amount is denominated in any other currency (other than Dollars or a Designated Foreign Currency), the equivalent of such amount in Dollars as determined by the Administrative Agent using any method of determination it deems appropriate in its sole discretion.

"<u>Standby Letter of Credit</u>": as defined in <u>Subsection 2.6(a)(iii)(x)(A)</u>.

"<u>Stated Maturity</u>": with respect to any Indebtedness, the date specified in such Indebtedness as the fixed date on which the payment of principal of such Indebtedness is due and payable, including pursuant to any mandatory redemption provision (but excluding any provision providing for the repurchase or repayment of such Indebtedness at the option of the holder thereof upon the happening of any contingency).

"<u>Statutory Reserve Rate</u>": a fraction (expressed as a decimal), the numerator of which is the number one and the denominator of which is the number one minus the aggregate of the maximum reserve percentage (including any marginal, special, emergency or supplemental reserves) expressed as a decimal established by the Board to which the Administrative Agent is subject with respect to the Adjusted EURIBOR Rate, Adjusted HIBOR Rate or Adjusted TIBOR Rate, as applicable, for eurocurrency funding (currently referred to as "Eurocurrency liabilities" in Regulation D) or any other reserve ratio or analogous requirement of any central banking or financial regulatory authority imposed in respect of the maintenance of the Commitments or the funding of the Loans. Such reserve percentage shall include those imposed pursuant to Regulation D. Term Benchmark

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Loans for which the associated Benchmark is adjusted by reference to the Statutory Reserve Rate (per the related definition of such Benchmark) shall be deemed to constitute eurocurrency funding and to be subject to such reserve requirements without benefit of or credit for proration, exemptions or offsets that may be available from time to time to any Lender under Regulation D or any comparable regulation. The Statutory Reserve Rate shall be adjusted automatically on and as of the effective date of any change in any reserve percentage.

"<u>Sterling</u>" and "<u>₤</u>": the lawful currency of the United Kingdom.

"<u>Submitted Amount</u>": as defined in <u>Subsection 4.4(l)(iii)(1)</u>.

"<u>Submitted Discount</u>": as defined in <u>Subsection 4.4(l)(iii)(1)</u>.

"<u>Subordinated Obligations</u>": any Indebtedness of the Parent Borrower (whether outstanding on the Closing Date or thereafter Incurred) that is expressly subordinated in right of payment to the Senior Secured Facilities Obligations pursuant to a written agreement.

"<u>Subscription Agreement</u>": one or more Subscription Agreements to be entered into on or about the Closing Date by the Parent Borrower and the Investors (or any of their affiliates), and any successor in interest thereto.

"<u>Subsection 2.10 Additional Amendment</u>": as defined in <u>Subsection 2.10(c)</u>.

"<u>Subsidiary</u>": as to any Person, a corporation, association, partnership, limited liability company or other entity (<u>a</u>) of which shares of stock or other ownership interests having ordinary voting power (other than stock or such other ownership interests having such power only by reason of the happening of a contingency) to elect a majority of the Board of Directors or other managers of such corporation, partnership, limited liability company or other entity are at the time owned by such Person, or (<u>b</u>) the management of which is otherwise controlled, directly or indirectly through one or more intermediaries, or both, by such Person and, in the case of this clause (b), which is treated as a consolidated subsidiary for accounting purposes. Unless otherwise qualified, all references to a "<u>Subsidiary</u>" or to "<u>Subsidiaries</u>" in this Agreement shall refer to a Subsidiary or Subsidiaries of the Parent Borrower.

"<u>Subsidiary Guarantor</u>": any U.S. Subsidiary Guarantor or Foreign Subsidiary Guarantor.

"<u>Subsidiary Guaranty</u>": the guaranty of (x) the Senior Secured Facilities Obligations of the Borrowers under the Loan Documents provided pursuant to the Guarantee and Collateral Agreement or pursuant to a guaranty in such other form as may be agreed between the Borrower Representative and the Administrative Agent and (y) in the case of any Foreign Loan Party, the applicable Foreign Senior Secured Facilities Obligations under the Loan Documents provided pursuant to the applicable Foreign Security Documents or pursuant to a guaranty in such other form as may be agreed between the Borrower Representative and the Administrative Agent.

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"<u>Successor Borrower</u>": as defined in <u>Subsection 8.7(a)(i)</u>.

"<u>Supplemental Revolving Commitments</u>": as defined in <u>Subsection 2.8(a)</u>.

"<u>Supplemental Term Loan Commitments</u>": as defined in <u>Subsection 2.8(a)</u>.

"<u>Supplemental Term Loans</u>": Term Loans made in respect of Supplemental Term Loan Commitments.

"<u>Supported QFC</u>": as defined in <u>Subsection 11.22</u>.

"<u>Swing Line Commitment</u>": the Swing Line Lender's obligation to make Swing Line Loans pursuant to <u>Subsection 2.7</u>.

"<u>Swing Line Exposure</u>": at any time, the aggregate principal amount at such time of all outstanding Swing Line Loans. The Swing Line Exposure of any Revolving Lender at any time shall equal its Revolving Commitment Percentage of the aggregate Swing Line Exposure at such time.

"<u>Swing Line Lender</u>": JPMorgan Chase Bank, N.A., in its capacity as provider of the Swing Line Loans.

"<u>Swing Line Loan Participation Certificate</u>": a certificate substantially in the form of <u>Exhibit M</u>.

"<u>Swing Line Loans</u>": as defined in <u>Subsection 2.7(a)</u>.

"<u>Swing Line Note</u>": a Note in substantially the form of <u>Exhibit A-3</u> evidencing Swing Line Loans of the Swing Line Lender.

"<u>Swiss Franc</u>": the lawful currency of Switzerland.

"<u>TARGET Day</u>": any day on which TARGET2 (or, if such payment system ceases to be operative, such other payment system, if any, determined by the Administrative Agent to be a suitable replacement) is open for the settlement of payments in Euro.

"<u>TARGET2</u>": the Trans-European Automated Real-time Gross Settlement Express Transfer payment system which utilizes a single shared platform and which was launched on November 19, 2007.

"<u>Taxes</u>": any and all present or future income, stamp or other taxes, levies, imposts, duties, charges, fees, deductions or withholdings, now or hereafter imposed, levied, collected, withheld or assessed by any Governmental Authority.

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"<u>Temporary Cash Investments</u>": any of the following: (<u>i</u>) any investment in (<u>x</u>) direct obligations of the United States of America, Canada, the United Kingdom, Switzerland, a member state of the European Union or any country in whose currency funds are being held pending their application in the making of an investment, distribution or capital expenditure by the Parent Borrower or a Restricted Subsidiary in that country or with such funds, or any agency or instrumentality of any thereof, or obligations Guaranteed by the United States of America, Canada, the United Kingdom, Switzerland or a member state of the European Union or any country in whose currency funds are being held pending their application in the making of an investment, distribution or capital expenditure by the Parent Borrower or a Restricted Subsidiary in that country or with such funds, or any agency or instrumentality of any of the foregoing, or obligations guaranteed by any of the foregoing or (<u>y</u>) direct obligations of any foreign country recognized by the United States of America rated at least "A" by S&P or "A-2" by Moody's (or, in either case, the equivalent of such rating by such organization or, if no rating of S&P or Moody's then exists, the equivalent of such rating by any nationally recognized rating organization), (<u>ii</u>) overnight bank deposits, and investments in time deposit accounts, certificates of deposit, bankers' acceptances and money market deposits (or, with respect to foreign banks, similar instruments) maturing not more than one year after the date of acquisition thereof issued by (<u>x</u>) any bank or other institutional lender under this Agreement or any affiliate thereof or (<u>y</u>) a bank or trust company that is organized under the laws of the United States of America, any state thereof or any foreign country recognized by the United States of America having capital and surplus aggregating in excess of $250,000,000 (or the foreign currency equivalent thereof) and whose long term debt is rated at least "A" by S&P or "A-2" by Moody's (or, in either case, the equivalent of such rating by such organization or, if no rating of S&P or Moody's then exists, the equivalent of such rating by any nationally recognized rating organization) at the time such Investment is made, (<u>iii</u>) repurchase obligations for underlying securities or instruments of the types described in clause (i) or (ii) above entered into with a bank meeting the qualifications described in clause (ii) above, (<u>iv</u>) Investments in commercial paper, maturing not more than 24 months after the date of acquisition, issued by a Person (other than that of the Parent Borrower or any of its Subsidiaries), with a rating at the time as of which any Investment therein is made of "P-2" (or higher) according to Moody's or "A-2" (or higher) according to S&P (or, in either case, the equivalent of such rating by such organization or, if no rating of S&P or Moody's then exists, the equivalent of such rating by any nationally recognized rating organization), (<u>v</u>) Investments in securities maturing not more than 24 months after the date of acquisition issued or fully guaranteed by any state, commonwealth or territory of the United States of America, or by any political subdivision or taxing authority thereof, and rated at least "BBB-" by S&P or "Baa3" by Moody's (or, in either case, the equivalent of such rating by such organization or, if no rating of S&P or Moody's then exists, the equivalent of such rating by any nationally recognized rating organization), (<u>vi</u>) Indebtedness or Preferred Stock (other than of the Parent Borrower or any of its Subsidiaries) having a rating of "A" or higher by S&P or "A2" or higher by Moody's (or, in either case, the equivalent of such rating by such organization or, if no rating of S&P or Moody's then exists, the equivalent of such rating by any nationally recognized rating organization), (<u>vii</u>) investment funds investing at least 90.0% of their assets in securities of the type described in clauses (i) through (vi) above (which funds may also hold cash pending investment and/or distribution), (<u>viii</u>) any money market deposit accounts issued or offered by a domestic commercial bank or a commercial bank organized and located in a country recognized by the United States of America, in each case, having capital and surplus in excess of $250,000,000 (or the foreign currency equivalent thereof), or investments in money market funds subject to the risk limiting conditions of Rule 2a-7 (or any successor rule) of the SEC under the Investment Company Act of 1940, as amended, and (<u>ix</u>) similar investments approved by the Board of Directors in the ordinary course of business.

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"<u>Term Benchmark</u>": when used in reference to any Loan or Revolving Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing, are bearing interest at a rate determined by reference to the Term SOFR Rate, the Adjusted EURIBOR Rate, the Adjusted HIBOR Rate, the Adjusted TIBOR Rate or the Adjusted Term CORRA Rate.

"<u>Term Benchmark Loans</u>": Loans the rate of interest applicable to which is based upon a Term Benchmark.

"<u>Term CORRA Administrator</u>": CanDeal Benchmark Administration Services Inc., TSX Inc. or any successor administrator.

"<u>Term CORRA Rate</u>": for any calculation with respect to a Term Benchmark Borrowing denominated in Canadian Dollars, the Term CORRA Reference Rate for a tenor comparable to the applicable Interest Period on the day (such day, the "<u>Periodic Term CORRA Determination Day</u>") that is two (2) Business Days prior to the first day of such Interest Period, as such rate is published by the Term CORRA Administrator; <u>provided</u>, <u>however</u>, that if as of 1:00 p.m. (Toronto time) on any Periodic Term CORRA Determination Day the Term CORRA Reference Rate for the applicable tenor has not been published by the Term CORRA Administrator and a Benchmark Replacement Date with respect to the Term CORRA Reference Rate has not occurred, then the Term CORRA Rate will be the Term CORRA Reference Rate for such tenor as published by the Term CORRA Administrator on the first preceding Business Day for which such Term CORRA Reference Rate for such tenor was published by the Term CORRA Administrator so long as such first preceding Business Day is not more than five (5) Business Days prior to such Periodic Term CORRA Determination Day.

"<u>Term CORRA Reelection Event</u>" means the determination by the Administrative Agent that (a) Term CORRA has been recommended for use by the Relevant Governmental Body, (b) the administration of Term CORRA is administratively feasible for the Administrative Agent and (c) a Benchmark Transition Event, has previously occurred resulting in a Benchmark Replacement in accordance with Section 4.7(a) that is not Term CORRA.

"<u>Term CORRA Reference Rate</u>": means the forward-looking term rate based on CORRA.

"<u>Term Credit Percentage</u>": as to any Lender at any time, the percentage of the aggregate outstanding Term Loans (if any) of the Lenders (including, without limitation, in the case of Term Loans denominated in any Designated Foreign Currency, the Dollar Equivalent of the aggregate unpaid principal amount thereof) and aggregate unused Term Loan Commitments of the Lenders (if any) then constituted by such Lender's outstanding Term Loans (if any) (including, without limitation, in the case of Term Loans made by such Lender in any Designated Foreign Currency, the Dollar Equivalent of the aggregate unpaid principal amount thereof) and such Lender's unused Term Loan Commitments (if any).

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"<u>Term Loan Commitment</u>": as to any Lender, the aggregate of its Initial Term Loan Commitments, Incremental Term Loan Commitment and Supplemental Term Loan Commitments; collectively as to all Lenders the "<u>Term Loan Commitments</u>".

"<u>Term Loan Declined Amount</u>": as defined in <u>Subsection 4.4(h)</u>.

"<u>Term Loans</u>": the Initial Term Loans, Incremental Term Loans, Extended Term Loans and Specified Refinancing Term Loans, as the context shall require.

"<u>Term SOFR Determination Day</u>": as defined in the definition of Term SOFR Reference Rate.

"<u>Term SOFR Rate</u>": with respect to any Term Benchmark Borrowing denominated in Dollars and for any tenor comparable to the applicable Interest Period, the Term SOFR Reference Rate at approximately 5:00 a.m., Chicago time, two U.S. Government Securities Business Days prior to the commencement of such tenor comparable to the applicable Interest Period, as such rate is published by the CME Term SOFR Administrator; <u>provided</u> that if the Term SOFR Rate as so determined (<u>x</u>) solely with respect to Term Loans, would be less than 0.50%, such rate shall be deemed to equal 0.50% and (<u>y</u>) solely with respect to Revolving Loans, would be less than 0.00%, such rate shall be deemed to be equal to 0.00%.

"<u>Term SOFR Reference Rate</u>": for any day and time (such day, the "<u>Term SOFR Determination Day</u>"), with respect to any Term Benchmark Borrowing denominated in Dollars and for any tenor comparable to the applicable Interest Period, the rate per annum published by the CME Term SOFR Administrator and identified by the Administrative Agent as the forward-looking term rate based on SOFR. If by 5:00 pm (New York City time) on such Term SOFR Determination Day, the "Term SOFR Reference Rate" for the applicable tenor has not been published by the CME Term SOFR Administrator and a Benchmark Replacement Date with respect to the Term SOFR Rate has not occurred, then, so long as such day is otherwise a U.S. Government Securities Business Day, the Term SOFR Reference Rate for such Term SOFR Determination Day will be the Term SOFR Reference Rate as published in respect of the first preceding U.S. Government Securities Business Day for which such Term SOFR Reference Rate was published by the CME Term SOFR Administrator, so long as such first preceding U.S. Government Securities Business Day is not more than five (5) U.S. Government Securities Business Days prior to such Term SOFR Determination Day.

"<u>TIBOR Rate</u>": with respect to any Term Benchmark Borrowing denominated in Yen and for any Interest Period, the TIBOR Screen Rate, two Business Days prior to the commencement of such Interest Period.

"<u>TIBOR Screen Rate</u>": the Tokyo interbank offered rate administered by the Ippan Shadan Hojin JBA TIBOR Administration (or any other person which takes over the administration of that rate) for the relevant currency and period displayed on page DTIBOR01 of the Reuters screen (or, in the event such rate does not appear on such Reuters page or screen, on any successor or substitute page on such screen that displays such rate, or on the appropriate page of such other information service that publishes such rate as selected by the Administrative Agent from time to time in its reasonable discretion) as published at approximately 1:00 p.m. Japan time two Business Days prior to the commencement of such Interest Period.

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"<u>Total Credit Percentage</u>": as to any Lender at any time, the percentage which (<u>a</u>) the sum of (<u>i</u>) such Lender's Revolving Commitment then outstanding (or, if the Revolving Commitments have terminated or expired, the sum of (<u>x</u>) such Lender's then outstanding Revolving Loans (including, without limitation, in the case of Revolving Loans made by such Lender in any Designated Foreign Currency, the Dollar Equivalent of the aggregate unpaid principal amount thereof) <u>plus</u> (<u>y</u>) such Lender's interests in the aggregate L/C-B/A Obligations and Swing Line Loans then outstanding) and (<u>ii</u>) such Lender's then outstanding Term Loans (if any) (including, without limitation, in the case of Term Loans made by such Lender in any Designated Foreign Currency, the Dollar Equivalent of the aggregate unpaid principal amount thereof) and such Lender's unused Term Loan Commitments (if any) then outstanding constitutes of (<u>b</u>) the sum of (<u>i</u>) the Revolving Commitments of all Lenders then outstanding (or, if the Revolving Commitments have terminated or expired, the sum of (<u>x</u>) the aggregate Revolving Loans of all the Lenders then outstanding (including, without limitation, in the case of Revolving Loans denominated in any Designated Foreign Currency, the Dollar Equivalent of the aggregate unpaid principal amount thereof) <u>plus</u> (<u>y</u>) the aggregate L/C-B/A Obligations and Swing Line Loans of all Lenders then outstanding) and (<u>ii</u>) the aggregate outstanding Term Loans (if any) of all Lenders then outstanding (including, without limitation, in the case of Term Loans denominated in any Designated Foreign Currency, the Dollar Equivalent of the aggregate unpaid principal amount thereof) and aggregate unused Term Loan Commitments of all Lenders (if any) then outstanding.

"<u>Trade Date</u>": the date on which the applicable Lender entered into a binding agreement to sell and assign or participate all or a portion of its rights and/or obligations under this Agreement.

"<u>Trade Payables</u>": with respect to any Person, any accounts payable or any indebtedness or monetary obligation to trade creditors created, assumed or guaranteed by such Person arising in the ordinary course of business in connection with the acquisition of goods or services.

"<u>Trading Price</u>": as defined in <u>Subsection 11.6(k)(iv)(A)(z)</u>.

"<u>Tranche</u>": (<u>i</u>) with respect to Term Loans or commitments, refers to whether such Term Loans or commitments are (<u>1</u>) Initial Term Loans or Initial Term Loan Commitments, (<u>2</u>) Incremental Loans or Incremental Term Loan Commitments with the same terms and conditions made on the same day and any Supplemental Term Loans added to such Tranche pursuant to <u>Subsection 2.8</u>, (<u>3</u>) Extended Term Loans (of the same Extension Series) or (<u>4</u>) Specified Refinancing Term Loan Facilities with the same terms and conditions made on the same day and any Supplemental Term Loans added to such Tranche pursuant to <u>Subsection 2.8</u>, and (<u>ii</u>) with respect to Revolving Loans or commitments, refers to whether such Revolving Loans or commitments are (<u>1</u>) Initial Revolving Commitments or Initial Revolving Loans, (<u>2</u>) Incremental Revolving Commitments or Incremental Revolving Loans with the same terms and conditions made on the same day and any Supplemental Revolving Commitments and Loans in respect thereof added to such Tranche pursuant to <u>Subsection 2.8</u>, (<u>3</u>) Extended Revolving Loans or Extended Revolving Commitments (of the same Extension Series) or (<u>4</u>) Specified Refinancing Revolving Facilities with the same terms and conditions made on the same day and any Supplemental Revolving Commitments and Loans in respect thereof added to such Tranche pursuant to <u>Subsection 2.8</u>.

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"<u>Transaction Agreements</u>": collectively, (<u>i</u>) the Keystone Purchase Agreement, (<u>ii</u>) the Keystone Payments Administration Agreement, (<u>iii</u>) the Investment Agreement, and (<u>iv</u>) any agreement primarily providing for indemnification and/or contribution for the benefit of any Permitted Holder in respect of Liabilities resulting from, arising out of or in connection with, based upon or relating to (<u>a</u>) any management, consulting or advisory services, or any financing, underwriting or placement services or other investment banking activities to, for or in respect of the Parent Borrower or any of its Subsidiaries, (<u>b</u>) any offering of securities or other financing activity or arrangement of or by the Parent Borrower or any of its Subsidiaries or (<u>c</u>) any action or failure to act of or by the Parent Borrower or any of its Subsidiaries (or any of their respective predecessors), in each case as the same may be amended, supplemented, waived or otherwise modified from time to time in accordance with the terms thereof.

"<u>Transaction Costs</u>": all premiums, fees, costs and expenses incurred or payable by or on behalf of the Borrowers or any of their Subsidiaries in connection with the Transactions (including, without limitation, any prepayment premiums, bonuses, foreign currency hedging costs incurred in connection with the consideration for the Transactions and any loan forgiveness and associated tax gross up payments and fees) or in connection with the negotiation, execution, delivery and performance of the Loan Documents and the transactions contemplated thereby, including to fund any original issue discount, upfront fees or legal fees and to grant and perfect any security interests.

"<u>Transactions</u>": collectively, any or all of the following (whether taking place prior to, on or following the Closing Date): (<u>i</u>) the entry into the Keystone Purchase Agreement and the consummation of the transactions contemplated thereby, including the Acquisition, (<u>ii</u>) the entry into the documentation relating to the Other Secured Debt, (<u>iii</u>) the entry into this Agreement and the other Loan Documents and Incurrence of Indebtedness hereunder, (<u>iv</u>) the Equity Contribution, (<u>v</u>) the repayment of certain existing Indebtedness of the Parent Borrower and its Restricted Subsidiaries, (<u>vi</u>) the repayment of certain existing Indebtedness of the Kito Crosby Entities and (<u>vii</u>) all other transactions relating to any of the foregoing (including payment of fees and expenses related to any of the foregoing).

"<u>Transferee</u>": any Participant or Assignee.

"<u>Treasury Capital Stock</u>": as defined in <u>Subsection 8.2(b)(i)</u>.

"<u>Type</u>": when used in reference to any Loan or Borrowing, refers to whether the rate of interest on such Loan, or on the Loans comprising such Borrowing, is determined by reference to the Term SOFR Rate, the Adjusted EURIBOR Rate, the Adjusted TIBOR Rate, the Adjusted HIBOR Rate, the Adjusted Term CORRA Rate, the Base Rate or the Adjusted Daily Simple RFR.

"<u>UCC</u>": the Uniform Commercial Code as in effect in the State of New York from time to time.

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"<u>UK Financial Institution</u>": any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended form time to time) promulgated by the United Kingdom Prudential Regulation Authority) or any person falling within IFPRU 11.6 of the FCA Handbook (as amended from time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes certain credit institutions and investment firms, and certain affiliates of such credit institutions or investment firms.

"<u>UK Resolution Authority</u>": the Bank of England or any other public administrative authority having responsibility for the resolution of any UK Financial Institution.

"<u>Unadjusted Benchmark Replacement</u>": the applicable Benchmark Replacement excluding the related Benchmark Replacement Adjustment; provided that, if any Unadjusted Benchmark Replacement shall be less than 0.00%, such rate shall be deemed to be 0.00% for the purposes of this Agreement.

"<u>Uniform Customs</u>": the Uniform Customs and Practice for Documentary Credits (1993 Revision), International Chamber of Commerce Publication No. 500, as the same may be amended from time to time or, if specified in the applicable Letter of Credit, the Uniform Customs and Practice for Documentary Credits (2007 Revision), International Chamber of Commerce Publication No. 600, as the same may be amended from time to time.

"<u>United States Person</u>": any United States person within the meaning of Section 7701(a)(30) of the Code.

"<u>Unrestricted Cash</u>": at any date of determination, (<u>a</u>) the aggregate amount of cash, Cash Equivalents and Temporary Cash Investments included in the cash accounts that would be listed on the consolidated balance sheet of the Parent Borrower prepared in accordance with GAAP as of the end of the most recently ended fiscal month of the Parent Borrower ending prior to the date of such determination for which consolidated financial statements of the Parent Borrower are available to the extent such cash is not classified as "restricted" for financial statement purposes (unless so classified solely because of any provision under the Loan Documents or any other agreement or instrument governing other Indebtedness that is subject to the Intercreditor Agreement or any Other Intercreditor Agreement governing the application thereof or because they are subject to a Lien that secures the Senior Secured Facilities Obligations (or the Foreign Senior Secured Facilities Obligations, as applicable) or other Indebtedness that is subject to the Intercreditor Agreement or any Other Intercreditor Agreement), <u>plus</u> (<u>b</u>) cash, Cash Equivalents and Temporary Cash Investments from the proceeds of any capital contribution to the Parent Borrower or from the issuance or sale of its Capital Stock or from any Incurrence of any Indebtedness since the date of such fiscal month and on or prior to the date of determination (that, in the case of Indebtedness, are in the good faith judgment of the Borrower Representative, which determination shall be conclusive, intended to be used for working capital purposes).

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"<u>Unrestricted Subsidiary</u>": (<u>i</u>) any Subsidiary of the Parent Borrower that at the time of determination is an Unrestricted Subsidiary, as designated by the Board of Directors in the manner provided below, and (<u>ii</u>) any Subsidiary of an Unrestricted Subsidiary. The Board of Directors may designate any Subsidiary of the Parent Borrower (including any newly acquired or newly formed Subsidiary of the Parent Borrower) to be an Unrestricted Subsidiary unless (i) such Subsidiary or any of its Subsidiaries owns any Capital Stock or Indebtedness of, or owns or holds any Lien on any property of, the Parent Borrower or any other Restricted Subsidiary of the Parent Borrower that is not a Subsidiary of the Subsidiary to be so designated or (ii) such Subsidiary holds any right, title or interest in any Material Intellectual Property; <u>provided</u>, that (<u>A</u>) such designation was made at or prior to the Closing Date, or (<u>B</u>) the Subsidiary to be so designated has total consolidated assets of $1,000 or less or (<u>C</u>) if such Subsidiary has consolidated assets greater than $1,000, then such designation would be permitted under <u>Subsection 8.2</u> and (<u>D</u>) immediately after such designation, no Event of Default under <u>Subsection 9.1(a)</u> or <u>(f)</u> shall have occurred and be continuing. The Board of Directors may designate any Unrestricted Subsidiary to be a Restricted Subsidiary; <u>provided</u> that, immediately after giving effect to such designation (<u>1</u>) (<u>w</u>) the Parent Borrower could Incur at least $1.00 of additional Indebtedness under <u>Subsection 8.1(a)</u> or <u>Subsection 8.1(b)(xvii)</u>, (<u>x</u>) the Consolidated Coverage Ratio would be equal to or greater than it was immediately prior to giving effect to such designation, (<u>y</u>) the Consolidated Total Leverage Ratio would be equal to or less than it was immediately prior to giving effect to such designation or (<u>z</u>) such Subsidiary shall be a Special Purpose Subsidiary with no Indebtedness outstanding other than Indebtedness that can be Incurred (and upon such designation shall be deemed to be Incurred and outstanding) pursuant to <u>Subsection 8.1(b)</u> and (<u>2</u>) immediately after such designation, no Event of Default under <u>Subsection 9.1(a)</u> or <u>(f)</u> shall have occurred and be continuing. Any such designation by the Board of Directors shall be evidenced to the Administrative Agent by promptly filing with the Administrative Agent a copy of the resolution of the Borrower Representative's Board of Directors giving effect to such designation and a certificate of a Responsible Officer of the Borrower Representative certifying that such designation complied with the foregoing provisions.

"<u>U.S. Government Securities Business Day</u>": any day except for (<u>a</u>) a Saturday, (<u>b</u>) a Sunday or (<u>c</u>) a day on which the Securities Industry and Financial Markets Association recommends that the fixed income departments of its members be closed for the entire day for purposes of trading in United States government securities.

"<u>U.S. Secured Parties</u>": the "Secured Parties" as defined in the Guarantee and Collateral Agreement.

"<u>U.S. Security Documents</u>": the collective reference to each Mortgage related to any Mortgaged Fee Property, the Guarantee and Collateral Agreement and all other similar security documents hereafter delivered to the Collateral Agent granting or perfecting a Lien on any asset or assets of any Person to secure the obligations and liabilities of the Loan Parties hereunder and/or under any of the other Loan Documents or to secure any guarantee of any such obligations and liabilities, including any security documents executed and delivered or caused to be delivered to the Collateral Agent pursuant to <u>Subsection 7.9(a)</u>, <u>7.9(b)</u> or <u>7.9(d)</u>, in each case, as amended, supplemented, waived or otherwise modified from time to time.

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"<u>U.S. Special Resolution Regime</u>": each of (<u>i)</u> the Federal Deposit Insurance Act and the regulations promulgated thereunder and (<u>ii</u>) Title II of the Dodd-Frank Wall Street Reform and Consumer Protection Act and the regulations promulgated thereunder.

"<u>U.S. Subsidiary Guarantor</u>": (x) each Domestic Subsidiary (other than any Excluded Subsidiary) of the Parent Borrower which executes and delivers a Subsidiary Guaranty pursuant to Subsection 7.9 or otherwise, in each case, unless and until such time as the respective U.S. Subsidiary Guarantor (a) ceases to constitute a Domestic Subsidiary of the Parent Borrower in accordance with the terms and provisions hereof, (b) is designated an Unrestricted Subsidiary pursuant to the terms of this Agreement or (c) is released from all of its obligations under the Subsidiary Guaranty in accordance with terms and provisions thereof and (y) each other Subsidiary of the Parent Borrower which the Parent Borrower causes to execute and deliver a Subsidiary Guaranty pursuant to the last sentence of Subsection 7.9(b)(i) or otherwise, in each case, unless and until such time as the respective U.S. Subsidiary Guarantor (a) ceases to constitute a Domestic Subsidiary of the Parent Borrower in accordance with the terms and provisions hereof, (b) is designated an Unrestricted Subsidiary pursuant to the terms of this Agreement or (c) is released from all of its obligations under the Subsidiary Guaranty in accordance with terms and provisions thereof.

"<u>U.S. Tax Compliance Certificate</u>": as defined in <u>Subsection 4.11(b)(ii)(2)</u>.

"<u>Vendor Collateral</u>": with respect to a Vendor Financing Arrangement, the goods, services or equipment (and any proceeds thereof) of any Borrower or any Restricted Subsidiary, now owned or hereafter acquired, that were financed with such Vendor Financing Arrangement.

"<u>Vendor Financing Arrangement</u>": any supply chain financing arrangement, structured vendor payable program, payables financing arrangement, reverse factoring arrangement or any other similar arrangement or program pursuant to which the Parent Borrower or any of its Restricted Subsidiaries provides a vendor an option to factor such vendor's receivables from the Parent Borrower or such Restricted Subsidiary to a bank or financial institution.

"<u>Voting Stock</u>": as to any entity, all classes of Capital Stock of such entity then outstanding and normally entitled to vote in the election of directors or all interests in such entity with the ability to control the management or actions of such entity.

"<u>Wholly Owned Domestic Subsidiary</u>": as to any Person, any Domestic Subsidiary of such Person of which such Person owns, directly or indirectly through one or more Wholly Owned Domestic Subsidiaries, all of the Capital Stock of such Domestic Subsidiary other than directors qualifying shares or shares held by nominees.

"<u>Wholly Owned Subsidiary</u>": as to any Person, any Subsidiary of such Person of which such Person owns, directly or indirectly through one or more Wholly Owned Subsidiaries, all of the Capital Stock of such Subsidiary other than directors qualifying shares or shares held by nominees.

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"<u>Write-Down and Conversion Powers</u>": (<u>a</u>) 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 (<u>b</u>) with respect to the United Kingdom, the powers of the applicable Resolution Authority in each case under the Bail-In Legislation to cancel, reduce, modify or change the form of a liability of any UK Financial 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.

"<u>Yen</u>" and "<u>¥</u>": the lawful currency of Japan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.2 <u>Other Definitional and Interpretive Provisions</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Unless otherwise specified therein, all terms defined in this Agreement shall have the defined meanings when used in any Notes, any other Loan Document or any certificate or other document made or delivered pursuant hereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) As used herein and in any Notes and any other Loan Document, and any certificate or other document made or delivered pursuant hereto or thereto, accounting terms relating to the Parent Borrower and its Restricted Subsidiaries not defined in <u>Subsection</u> <u>1.1</u> and accounting terms partly defined in <u>Subsection 1.1</u>, to the extent not defined, shall have the respective meanings given to them under GAAP.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The words "hereof", "herein" and "hereunder" and words of similar import when used in this Agreement shall refer to this Agreement as a whole and not to any particular provision of this Agreement, and Section, Subsection, Schedule and Exhibit references are to this Agreement unless otherwise specified. The words "include", "includes" and "including" shall be deemed to be followed by the phrase "without limitation". Any reference herein to any Person shall be construed to include such Person's successors and assigns permitted hereunder. Any reference herein to the financial statements (or any component thereof) of the Parent Borrower shall be construed to include the financial statements (or the applicable component thereof) of the Parent Borrower (and/or any predecessor of the foregoing, if applicable) whose financial statements satisfy the Parent Borrower's reporting obligations under <u>Subsection 7.1</u>. With respect to any Default or Event of Default, the words "exists", "is continuing" or similar expressions with respect thereto shall mean that such Default or Event of Default has occurred and has not yet been cured or waived. If any Default or Event of Default has occurred hereunder (any such Default or Event of Default, an "<u>Initial Default</u>") and is subsequently cured (a "<u>Cured Default</u>"), any other Default, Event of Default or failure of a condition precedent that resulted or may have resulted from (<u>i</u>) the making or deemed making of any representation or warranty by any Loan Party or (<u>ii</u>) any act or omission by any Loan Party or any Subsidiary of any Loan Party, in each case which subsequent Default, Event of Default or failure would not have arisen had the Cured Default not been continuing at the time of such representation, warranty, action or omission, shall be deemed to automatically be

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cured or satisfied, as applicable, upon, and simultaneously with either (<u>I</u>) the date on which such action would be permitted at such time to be taken under this Agreement and the other Loan Documents notwithstanding the occurrence and continuance of such Initial Default or (<u>II</u>) the cure of the Cured Default, so long as at the time of such representation, warranty, action or omission, no Responsible Officer of the Parent Borrower had knowledge of any such Initial Default. To the extent not already so notified, the Borrower Representative will provide prompt written notice of any such automatic cure to the Administrative Agent after a Responsible Officer of the Parent Borrower knows of the occurrence of any such automatic cure. Any time period in this Agreement to cure any actual or alleged Default or Event of Default may be extended or stayed by a court of competent jurisdiction to the extent such actual or alleged Default or Event of Default is the subject of litigation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) For purposes of determining any financial ratio or making any financial calculation for any fiscal quarter (or portion thereof) ending prior to the Closing Date, the components of such financial ratio or financial calculation shall be determined on a pro forma basis to give effect to the Transactions as if they had occurred at the beginning of such four-quarter period; and each Person that is a Restricted Subsidiary upon giving effect to the Transactions shall be deemed to be a Restricted Subsidiary for purposes of the components of such financial ratio or financial calculation as of the beginning of such four-quarter period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) For purposes of this Agreement for periods ending on or prior to the Closing Date, references to the consolidated financial statements of the Parent Borrower shall be to the consolidated financial statements of the Parent Borrower for such period and the consolidated financial statements of Kito Crosby for such period, with pro forma effect being given to the Transactions (with the Kito Crosby Entities that are Subsidiaries of the Parent Borrower after giving effect to the Transactions being deemed Subsidiaries of the Parent Borrower), as the context may require, <u>provided</u> that nothing in this clause (e) shall require the delivery of combined or consolidated financial statements or other similar materials for or with respect to the Parent Borrower, except as otherwise specifically required by this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) Any financial ratios required to be maintained pursuant to this Agreement (or required to be satisfied in order for a specific action to be permitted under this Agreement) shall be calculated by dividing the appropriate component by the other component, carrying the result to one place more than the number of places by which such ratio is expressed herein and rounding the result up or down to the nearest number (rounding up if there is no nearest number).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) Any references in this Agreement to "cash and/or Cash Equivalents", "cash, Cash Equivalents and/or Temporary Cash Investments" or any similar combination of the foregoing shall be construed as not double counting cash or any other applicable amount which would otherwise be duplicated therein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) The meanings given to terms defined herein shall be equally applicable to both the singular and plural forms of such terms.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) In connection with any action being taken in connection with a Limited Condition Transaction, for purposes of determining compliance with any provision of this Agreement which requires that no Default, Event of Default or specified Default or Event of Default, as applicable, has occurred, is continuing or would result from any such action, as applicable, such condition shall, at the option of the Borrower Representative, be deemed satisfied, so long as no Default, Event of Default or specified Default or Event of Default, as applicable, exists on the date (<u>x</u>) a definitive agreement for such Limited Condition Transaction is entered into, (<u>y</u>) in connection with an acquisition to which the United Kingdom City Code on Takeovers and Mergers (or any equivalent thereof under the laws, rules or regulations in any other applicable jurisdiction) applies, on which a "Rule 2.7 announcement" of a firm intention to make an offer in respect of a target of a Limited Condition Transaction is made (or the equivalent notice under such equivalent laws, rules or regulations in such other applicable jurisdiction) or (<u>z</u>) notice of redemption, repurchase, defeasance, satisfaction and discharge or repayment of Indebtedness, Disqualified Stock or Preferred Stock is given. For the avoidance of doubt, if the Borrower Representative has exercised its option under the first sentence of this clause (i), and any Default, Event of Default or specified Default or Event of Default, as applicable, occurs following the date (<u>x</u>) a definitive agreement for the applicable Limited Condition Transaction was entered into, (<u>y</u>) in connection with an acquisition to which the United Kingdom City Code on Takeovers and Mergers (or any equivalent thereof under the laws, rules or regulations in any other applicable jurisdiction) applies, on which a "Rule 2.7 announcement" of a firm intention to make an offer in respect of a target of a Limited Condition Transaction is made (or the equivalent notice under such equivalent laws, rules or regulations in such other applicable jurisdiction) or (<u>z</u>) notice of redemption, repurchase, defeasance, satisfaction and discharge or repayment of Indebtedness, Disqualified Stock or Preferred Stock is given and prior to the consummation of such Limited Condition Transaction, any such Default, Event of Default or specified Default or Event of Default, as applicable, shall be deemed to not have occurred or be continuing for purposes of determining whether any action being taken in connection with such Limited Condition Transaction is permitted hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) In connection with any action being taken in connection with a Limited Condition Transaction, for purposes of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) determining compliance with any provision of this Agreement which requires the calculation of the Consolidated Coverage Ratio, the Consolidated First Lien Leverage Ratio, the Consolidated Secured Leverage Ratio or the Consolidated Total Leverage Ratio or any other financial measure;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) testing baskets set forth in this Agreement (including baskets measured as a percentage of Consolidated Total Assets or Four Quarter Consolidated EBITDA); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) any other determination as to whether any such Limited Condition Transaction and any related transactions (including any financing thereof) complies with the covenants or agreements contained in this Agreement;

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in each case, at the option of the Borrower Representative (the Borrower Representative's election to exercise such option in connection with any Limited Condition Transaction, an "<u>LCT Election</u>"), the date of determination of whether any such action is permitted hereunder, shall be deemed to be the date (<u>x</u>) a definitive agreement for such Limited Condition Transaction is entered into, (<u>y</u>) in connection with an acquisition to which the United Kingdom City Code on Takeovers and Mergers (or any equivalent thereof under the laws, rules or regulations in any other applicable jurisdiction) applies, on which a "Rule 2.7 announcement" of a firm intention to make an offer in respect of a target of a Limited Condition Transaction is made (or the equivalent notice under such equivalent laws, rules or regulations in such other applicable jurisdiction) or (<u>z</u>) notice of redemption, repurchase, defeasance, satisfaction and discharge or repayment of Indebtedness, Disqualified Stock or Preferred Stock is given, as applicable (the "<u>LCT Test Date</u>"), and if, after giving pro forma effect to the Limited Condition Transaction and the other transactions to be entered into in connection therewith (including any Incurrence or Discharge of Indebtedness and Liens and the use of proceeds thereof) as if they had occurred at the beginning of the most recent four consecutive fiscal quarters of the Parent Borrower ending prior to the LCT Test Date for which consolidated financial statements of the Parent Borrower are available, the Parent Borrower could have taken such action on the relevant LCT Test Date in compliance with such ratio, basket or amount, such ratio, basket or amount shall be deemed to have been complied with; <u>provided</u> that (<u>a</u>) if financial statements for one or more subsequent fiscal quarters or fiscal years shall have been delivered pursuant to <u>Subsection 7.1(a)</u> or <u>7.1(b)</u>, the Borrower Representative may elect, in its sole discretion, to re-determine all such ratios, baskets or amounts on the basis of such financial statements, in which case, such date of redetermination shall thereafter be deemed to be the applicable LCT Test Date for purposes of such ratios, baskets or amounts and (<u>b</u>) except as contemplated in the foregoing clause (a), compliance with such ratios, baskets or amounts (and any related requirements and conditions) shall not be determined or tested at any time after the applicable LCT Test Date for such Limited Condition Transaction and any actions or transactions related thereto (including any Incurrence or Discharge of Indebtedness and Liens and the use of proceeds thereof). For purposes of determining compliance with any ratio, basket or amount on the applicable LCT Test Date, Consolidated Interest Expense for purposes of the Consolidated Coverage Ratio will be calculated using an assumed interest rate based on the indicative interest margin contained in any financing commitment documentation with respect to such Indebtedness or, if no such indicative interest margin exists, as determined by the Borrower Representative in good faith, which determination shall be conclusive. For the avoidance of doubt, if the Borrower Representative has made an LCT Election and any of the ratios, baskets or amounts for which compliance was determined or tested as of the LCT Test Date are exceeded as a result of fluctuations in any such ratio, basket or amount, including due to fluctuations in Consolidated EBITDA or Consolidated Total Assets of the Parent Borrower or the Person subject to such Limited Condition Transaction or any applicable currency exchange rate, at or prior to the consummation of the relevant transaction or action, such ratios, baskets or amounts will not be deemed to have been exceeded as a result of such fluctuations. If the Borrower Representative has made an LCT Election for any Limited Condition Transaction, then in connection with any subsequent calculation of any ratio, basket or amount with respect to the Incurrence or Discharge of Indebtedness or Liens, or the making of

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Restricted Payments, Asset Dispositions, mergers, the conveyance, lease or other transfer of all or substantially all of the assets of the Parent Borrower or the designation of an Unrestricted Subsidiary on or following the relevant LCT Test Date and prior to the earlier of the date on which (<u>1</u>) such Limited Condition Transaction is consummated, (<u>2</u>) the definitive agreement for, or firm offer in respect of, such Limited Condition Transaction (if an acquisition or investment) is terminated or expires without consummation of such Limited Condition Transaction or (<u>3</u>) such notice of redemption, repurchase, defeasance, satisfaction and discharge or repayment of Indebtedness, Disqualified Stock or Preferred Stock is revoked or expires without consummation, any such ratio, basket or amount shall be calculated on a pro forma basis assuming such Limited Condition Transaction and other transactions in connection therewith (including any Incurrence or Discharge of Indebtedness and Liens and the use of proceeds thereof) have been consummated.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) Any reference herein or in any other Loan Document to (<u>i</u>) a transfer, assignment, sale, disposition or transfer, or similar term, shall be deemed to apply to a division of or by a limited liability company, or an allocation of assets to a series of a limited liability company (collectively, a "<u>Division</u>"), as if it were a transfer, assignment, sale or transfer, or similar term, as applicable, to a separate Person, and (<u>ii</u>) a merger, consolidation, amalgamation or consolidation, or similar term, shall be deemed to apply to the division of or by a limited liability company, or an allocation of assets to a series of a limited liability company, or the unwinding of such a division or allocation, as if it were a merger, consolidation, amalgamation or consolidation or similar term, as applicable, with a separate Person.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l) [Reserved].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m) [Reserved].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(n) Subject to <u>Subsection 8.1(d)</u>, when determining compliance with any basket, threshold, ratio or other amounts under this Agreement or the other Loan Documents, the Dollar Equivalent shall be calculated as at the date of the incurrence or making of the relevant disposition, acquisition, Investment, Indebtedness or Restricted Payment or taking other relevant action or, upon the Parent Borrower making an LCT Election, on the LCT Test Date; <u>provided</u> that (<u>x</u>) no Default or Event of Default or breach of any covenant or representation or warranty shall arise merely as a result of a change in the Dollar Equivalent of any relevant amount due to fluctuations in exchange rates and (<u>y</u>) the Dollar Equivalent principal or face amount of any Indebtedness or Investment outstanding on the Closing Date shall be calculated based on the relevant currency exchange rate in effect on the Closing Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(o) [Reserved].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(p) Notwithstanding anything to the contrary herein, (<u>i</u>) in calculating any Incurrence Based Amounts (including any Financial Incurrence Tests), any (<u>x</u>) Revolving Loans (or any other revolving facility) concurrently incurred, (<u>y</u>) Indebtedness concurrently incurred to fund original issue discount and/or upfront fees and (<u>z</u>) amounts incurred, or transactions entered into or consummated, in reliance on a Fixed Amount (including under the

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Cash Capped Incremental Facility) in a concurrent transaction, a single transaction or a series of related transactions with the amount incurred, or transaction entered into or consummated, under the applicable Incurrence Based Amount, in each case of the foregoing clauses (x), (y) and (z), shall not be given effect in calculating the applicable Incurrence Based Amount (but giving pro forma effect to all applicable and related transactions (including the use of proceeds of all Indebtedness to be incurred and any repayments, repurchases and redemptions of Indebtedness) and all other pro forma adjustments); provided that, notwithstanding anything contained herein to the contrary, if the Borrower Representative, at its option, has elected to Incur Indebtedness being Incurred on the date of determination (<u>x</u>) in part under a Financial Incurrence Test that requires compliance with a Consolidated First Lien Leverage Ratio, Consolidated Secured Leverage Ratio, Consolidated Total Leverage Ratio and/or Consolidated Coverage Ratio, as applicable, and (<u>y</u>) in part under a separate Financial Incurrence Test (which, for the avoidance of doubt, may not be based on the same Consolidated First Lien Leverage Ratio, Consolidated Secured Leverage Ratio, Consolidated Total Leverage Ratio and/or Consolidated Coverage Ratio, as applicable, as the Financial Incurrence Test described in clause (x) above) that requires compliance with a Consolidated First Lien Leverage Ratio Consolidated Secured Leverage Ratio, Consolidated Total Leverage Ratio and/or Consolidated Coverage Ratio, as applicable, any such Indebtedness Incurred in reliance on the Financial Incurrence Test described in clause (y) above, shall be disregarded for purposes of determining compliance with the Financial Incurrence Test described in clause (x) above and (<u>ii</u>) if any incurrence-based financial ratios or tests (including, without limitation, any Consolidated Coverage Ratio, Consolidated First Lien Leverage Ratio, Consolidated Secured Leverage Ratio and/or Consolidated Total Leverage Ratio tests) ("<u>Financial Incurrence Tests</u>") would be satisfied in any subsequent fiscal quarter following the utilization of either (<u>x</u>) fixed baskets, exceptions or thresholds (including baskets measured by reference to Consolidated Total Assets or Four Quarter Consolidated EBITDA (or a percentage thereof)) that do not require compliance with a financial ratio or test ("<u>Fixed Amounts</u>") or (<u>y</u>) baskets, exceptions and thresholds that require compliance with a financial ratio or test (including, without limitation, any Consolidated Coverage Ratio, Consolidated First Lien Leverage Ratio, Consolidated Secured Leverage Ratio and/or Consolidated Total Leverage Ratio tests) (any such amounts, "<u>Incurrence Based Amounts</u>"), then the reclassification of actions or transactions (or portions thereof), including the reclassification of utilization of any Fixed Amounts as incurred under any available Incurrence Based Amounts, shall be deemed to have automatically occurred even if not elected by the Borrower Representative (unless the Borrower Representative otherwise notifies the Administrative Agent).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(q) Except as otherwise provided in this Agreement, when the payment of any obligation or the performance of any covenant, duty, or obligation is stated to be due or performance required on (or before) a day which is not a Business Day, the date of such payment (other than as described in the definition of Interest Period) or performance shall extend to the immediately succeeding Business Day, and such extension of time shall be reflected in computing interest or fees, as the case may be.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.3 <u>Appointment of Borrower Representative</u>. The German Borrower hereby designates the Parent Borrower as its Borrower Representative. The Borrower Representative will be acting as agent on each of the Borrowers' behalf for the purposes of issuing notices of Borrowing and notices of conversion/continuation of any Loans pursuant to <u>Section</u> <u>2</u> and <u>Section</u> <u>4</u> or similar notices, giving instructions with respect to the disbursement of the proceeds of the Loans, selecting interest rate options, requesting Letters of Credit and Bankers' Acceptances, giving and receiving all other notices and consents hereunder or under any of the other Loan Documents and taking all other actions (including in respect of compliance with covenants) on behalf of any Borrower or the Borrowers under the Loan Documents. The Borrower Representative hereby accepts such appointment. The German Borrower and any other Borrower each agrees that each notice, election, representation and warranty, covenant, agreement and undertaking made on its behalf by the Borrower Representative shall be deemed for all purposes to have been made by such Borrower and shall be binding upon and enforceable against such Borrower to the same extent as if the same had been made directly by such Borrower.

SECTION 2

<u>Amount and Terms of Commitments</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.1 <u>Initial Term Loans and Initial Revolving Commitments</u>. (a) Subject to the terms and conditions hereof, each Lender holding an Initial Term Loan Commitment severally agrees to make, in Dollars, in a single draw on the Closing Date, one or more term loans (each, an "<u>Initial Term Loan</u>") to the Parent Borrower in an aggregate principal amount not to exceed the amount set forth opposite such Lender's name in <u>Schedule A</u> under the heading "Initial Term Loan Commitment", as such amount may be adjusted or reduced pursuant to the terms hereof, which Initial Term Loans:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) except as hereinafter provided, shall, at the option of the Borrower Representative, be incurred and maintained as, and/or converted into, Base Rate Loans or Term Benchmark Loans; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) shall be made by each such Lender in an aggregate principal amount which does not exceed the Initial Term Loan Commitment of such Lender.

Without limitation of <u>Subsections 2.8</u> and <u>8.1(b)(i)</u>, once repaid, Initial Term Loans incurred hereunder may not be reborrowed. On the Closing Date (after giving effect to the incurrence of Initial Term Loans on such date), the Initial Term Loan Commitments of each Lender shall terminate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Subject to the terms and conditions hereof, each Lender holding an Initial Revolving Commitment severally agrees to make revolving credit loans (together, the "<u>Initial</u> <u>Revolving Loans</u>") to the Parent Borrower or the German Borrower from time to time in Dollars or, at the request of the Borrower Representative, in any Designated Foreign Currency (<u>provided</u> that the aggregate principal amount of Revolving Loans in a Designated Foreign Currency outstanding at any one time may not exceed the Designated Foreign Currency Sublimit) during the Initial Revolving Commitment Period in an aggregate principal amount at any one time outstanding the Dollar

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Equivalent of which, when added to such Lender's Revolving Commitment Percentage of the sum of the Dollar Equivalent of the then outstanding L/C-B/A Obligations and the then outstanding Swing Line Loans, does not exceed the amount of such Lender's Revolving Commitment then in effect (after giving effect to the use of the proceeds thereof on the date of the incurrence thereof to repay any amounts theretofore outstanding pursuant to this Agreement) (it being understood and agreed that the Administrative Agent shall calculate the Dollar Equivalent of the then outstanding Revolving Loans in any Designated Foreign Currency and, to the extent applicable, the then outstanding L/C-B/A Obligations in respect of any Letters of Credit denominated in any Designated Foreign Currency on the date on which the Borrower Representative has given the Administrative Agent a notice of borrowing with respect to any Revolving Loan for purposes of determining compliance with this <u>Subsection 2.1(b)</u>). During the Initial Revolving Commitment Period, the Borrowers may use the Initial Revolving Commitments by borrowing, prepaying the Initial Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. Except as hereinafter provided, Revolving Loans shall, at the option of the Borrower Representative, (<u>x</u>) in the case of Revolving Loans denominated in Dollars, be incurred and maintained as, and/or converted into, Base Rate Loans or Term Benchmark Loans, (<u>y</u>) in the case of Revolving Loans denominated in Canadian Dollars, be incurred and maintained as, and/or converted into, Canadian Prime Rate Loans or Term Benchmark Loans and (<u>z</u>) in the case of Revolving Loans denominated in any Designated Foreign Currency (other than Canadian Dollars), be incurred and maintained as Term Benchmark Loans or RFR Loans.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.2 <u>Notes</u>. (a) The Borrowers agree that, upon the request to the Administrative Agent by any Lender made on or prior to the Closing Date or in connection with any assignment pursuant to <u>Subsection 11.6(b)</u>, in order to evidence such Lender's Loan, the applicable Borrower will execute and deliver to such Lender a promissory note substantially in the form of <u>Exhibit A-1</u>, <u>A-2</u> or <u>A-3</u>, as applicable (each, as amended, supplemented, replaced or otherwise modified from time to time, a "<u>Note</u>" and, collectively, the "<u>Notes</u>"), in each case with appropriate insertions therein as to payee, date and principal amount, payable to such Lender and in a principal amount equal to the unpaid principal amount of the applicable Loans made (or acquired by assignment pursuant to <u>Subsection 11.6(b)</u>) by such Lender to the applicable Borrower. Each Note shall be dated the Closing Date. Each Note shall be payable as provided in <u>Subsection 2.2(b)</u> and provide for the payment of interest in accordance with <u>Subsection 4.1</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Initial Term Loans of all the Lenders shall be payable in consecutive quarterly installments beginning on June 30, 2026 up to and including the Initial Term Loan Maturity Date (subject to reduction as provided in <u>Subsection 4.4</u>), on the dates (each such date, an "<u>Installment Date</u>") and in the principal amounts, subject to adjustment as set forth below, equal to the respective amounts set forth below (together with all accrued interest thereon) opposite the applicable Installment Dates (or, if less, the aggregate amount of such Initial Term Loans then outstanding):

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| | |
|:---|:---|
| **Date** | **Amount** |
| Each March 31, June 30, September 30 and December 31 occurring prior to the Initial Term Loan Maturity Date | 0.25% of the aggregate initial principal amount of the Initial Term Loans on the Closing Date |
| Initial Term Loan Maturity Date | all unpaid aggregate principal amounts of any outstanding Initial Term Loans |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.3 <u>Procedure for Initial Term Loan Borrowing</u>. The Borrower Representative shall have given the Administrative Agent notice (which notice must have been received by the Administrative Agent prior to: (i) 12:00 P.M., New York City time, at least one Business Day prior to the Closing Date (or such later time as may be agreed by the Administrative Agent in its reasonable discretion), if all or any part of the requested Initial Term Loans are to be Base Rate Loans or (ii) 12:00 P.M., New York City time, at least two Business Day prior to the Closing Date (or such later time as may be agreed by the Administrative Agent in its reasonable discretion), if all or any part of the requested Initial Term Loans are to be Term SOFR Rate Loans, which shall be revocable at any time prior to funding (with <u>Subsection 4.12</u> applying thereto, if applicable), specifying the amount of the Initial Term Loans to be borrowed by the Parent Borrower. Upon receipt of such notice, the Administrative Agent shall promptly notify each applicable Lender thereof. Each Lender having an Initial Term Loan Commitment will make the amount of its pro rata share of the applicable Initial Term Loan Commitments available to the Administrative Agent, in each case for the account of the Parent Borrower at the office of the Administrative Agent specified in <u>Subsection 11.2</u> prior to 10:00 A.M., New York City time (or, if the time period for the Borrower Representative's delivery of notice was extended, such later time as agreed to by the Borrower Representative and the Administrative Agent in its reasonable discretion, but in no event less than one hour following notice), on the Closing Date, in funds immediately available to the Administrative Agent. The Administrative Agent shall on such date credit the account of the Parent Borrower on the books of the Administrative Agent with the aggregate of the amounts made available to the Administrative Agent by the Lenders and in like funds as received by the Administrative Agent.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.4 <u>Procedure for Revolving Credit Borrowing</u>. (a) The Borrowers may borrow under the Revolving Commitments during the applicable Revolving Commitment Period on any Business Day; provided that the Borrower Representative shall give the Administrative Agent irrevocable notice in substantially the form of Exhibit L-1 or in such other form as may be agreed between the Borrower Representative and the Administrative Agent (a "<u>Borrowing Request</u>") (which Borrowing Request must be received by the Administrative Agent prior to (a) (i)12:00 P.M., New York City time, at least one Business Day prior to the Closing Date (or such later time as may be agreed by the Administrative Agent in its reasonable discretion), if the requested Borrowing Date is the Closing Date, if all or any part of the requested Revolving Loans are to be initially Base Rate Loans or Canadian Prime Rate Loans, which Borrowing Request may be revoked (with Subsection 4.12 applying thereto, if applicable) at any time prior to funding, (ii) 12:00 P.M., New York City time, at least two Business

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Days prior to the Closing Date (or such later time as may be agreed by the Administrative Agent in its reasonable discretion), if the requested Borrowing Date is the Closing Date, if all or any part of the requested Revolving Loans are to be initially Term SOFR Rate Loans, which Borrowing Request may be revoked (with Subsection 4.12 applying thereto, if applicable) at any time prior to funding; or (iii) 12:00 P.M., New York City time, at least three Business Days prior to the Closing Date (or such later time as may be agreed by the Administrative Agent in its reasonable discretion), if the requested Borrowing Date is the Closing Date, if all or any part of the requested Revolving Loans are to be initially RFR Loans denominated in a Designated Foreign Currency, which Borrowing Request may be revoked (with Subsection 4.12 applying thereto, if applicable) at any time prior to funding; (b) 1:00 P.M., New York City time, at least three Business Days (or four Business Days if such Borrowing is denominated in a Designated Foreign Currency) (or, in each case, such shorter period as may be agreed by the Administrative Agent in its reasonable discretion) prior to the requested Borrowing Date (if such Borrowing Date is not the Closing Date), if all or any part of the requested Revolving Loans are to be initially Term Benchmark Loans or RFR Loans or (c) 11:00 A.M., New York City time (or such later time as may be agreed to by the Administrative Agent in its reasonable discretion), on the requested Borrowing Date (if such Borrowing Date is not the Closing Date), for Base Rate Loans or Canadian Prime Rate Loans, in each case specifying (i) the amount to be borrowed, (ii) the identity of the applicable Borrower, (iii) the requested Borrowing Date, (iv) whether the borrowing is to be of Loans denominated in Dollars, Canadian Dollars, Euro, Sterling or another Designated Foreign Currency, (v) whether the borrowing is to be of Term Benchmark Loans, RFR Loans, Base Rate Loans, Canadian Prime Rate Loans or a combination thereof and (vi) if the borrowing is to be entirely or partly of Term Benchmark Loans or RFR Loans, the respective amounts of each such Type of Loan and the respective lengths of the initial Interest Periods therefor.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) (<u>w</u>) Each borrowing of Base Rate Loans under the Revolving Commitments, except any Base Rate Loan under the Revolving Commitments to be used solely to pay a like amount of outstanding Reimbursement Obligations or Swing Line Loans, shall be in an amount equal to $500,000 or a whole multiple of $250,000 in excess thereof (or, if the then Available Revolving Commitments are less than $500,000, such lesser amount), (<u>x</u>) the Dollar Equivalent of the principal amount of each borrowing of Canadian Prime Rate Loans under the Revolving Commitments shall be in an amount equal to, except any Canadian Prime Rate Loan to be used solely to pay a like amount of outstanding Reimbursement Obligations, $500,000 or a whole multiple of $250,000 in excess thereof (or, if the then Available Revolving Commitments are less than $500,000, such lesser amount) and (<u>y</u>) each borrowing of Term Benchmark Loans or RFR Loans under the Revolving Commitments shall be in an amount equal to (or, in the case of Term Benchmark Loans or RFR Loans to be made in any Designated Foreign Currency, the Dollar Equivalent of the principal amount thereof shall be in an amount equal to) $2,000,000 or a whole multiple of $500,000 in excess thereof. Upon receipt of any such notice from the Borrower Representative, the Administrative Agent shall promptly notify each Revolving Lender thereof. Subject to the satisfaction of the applicable conditions precedent specified in <u>Subsection</u> <u>6.2</u> (or, <u>Subsection 6.1</u> in the case of an initial borrowing hereunder on the Closing Date), each Lender shall make the amount of its pro rata share of each borrowing of Revolving Loans available to the Administrative Agent for the account of the applicable Borrower at the office of the Administrative Agent specified in <u>Subsection 11.2</u> prior to (<u>i</u>) 2:30 P.M., in the case of Loans denominated in Dollars or Canadian Dollars, and (<u>ii</u>) 8:00 A.M. in the case of Loans denominated in

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Euro, Sterling or other applicable Designated Foreign Currency (or, if the time period for the Borrower Representative's delivery of notice was extended, such later time as agreed to by the Borrower Representative and the Administrative Agent in its reasonable discretion, but in no event less than two hours following notice) (or 10:00 A.M., in the case of an initial borrowing hereunder (or, if the time period for the Borrower Representative's delivery of notice was extended, such later time as agreed to by the Borrower Representative and the Administrative Agent in its reasonable discretion, but in no event less than one hour following notice)), in each case, New York City time, or at such other office of the Administrative Agent or at such other time as to which the Administrative Agent shall notify such Lender and the Borrower Representative reasonably in advance of the Borrowing Date with respect thereto, on the Borrowing Date requested by the Borrower Representative in Dollars or the applicable Designated Foreign Currency and in funds immediately available to the Administrative Agent. Such borrowing will then be made available to the applicable Borrower by the Administrative Agent with the aggregate of the amounts made available to the Administrative Agent by the Lenders and in like funds as received by the Administrative Agent.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.5 <u>Repayment of Loans</u>. (a) The Parent Borrower hereby unconditionally promises to pay to the Administrative Agent in the currency in which the applicable Loans are denominated for the account of: (<u>i</u>) each Lender the then unpaid principal amount of each Initial Term Loan of such Lender made to the Parent Borrower, on the Initial Term Loan Maturity Date (or such earlier date on which the Initial Term Loans become due and payable pursuant to <u>Section</u> <u>9</u>), (<u>ii</u>) each Lender the then unpaid principal amount of each Initial Revolving Loan of such Lender made to the Parent Borrower, on the Initial Revolving Maturity Date (or such earlier date on which the Initial Revolving Loans become due and payable pursuant to <u>Section</u> <u>9</u>) and (<u>iii</u>) the Swing Line Lender, the then unpaid principal amount of the Swing Line Loans made to the Parent Borrower, on the Initial Revolving Maturity Date (or such earlier date on which the Swing Line Loans become due and payable pursuant to <u>Section</u> <u>9</u>). The Parent Borrower hereby further agrees to pay interest (which payments shall be payable in the same currency in which the respective Loan is denominated) on the unpaid principal amount of such Loans from time to time outstanding from the Closing Date until payment in full thereof at the rates per annum, and on the dates, set forth in <u>Subsection 4.1</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) The German Borrower hereby unconditionally promises to pay to the Administrative Agent in the currency in which the applicable Loans are denominated for the account of each Lender the then unpaid principal amount of each Initial Revolving Loan of such Lender made to the German Borrower, on the Initial Revolving Maturity Date (or such earlier date on which the Initial Revolving Loans become due and payable pursuant to <u>Section</u> <u>9</u>). The German Borrower hereby further agrees to pay interest (which payments shall be payable in the same currency in which the respective Loan is denominated) on the unpaid principal amount of such Loans from time to time outstanding from the Closing Date until payment in full thereof at the rates per annum, and on the dates, set forth in <u>Subsection 4.1</u>.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Each other Designated Borrower hereby unconditionally promises to pay to the Administrative Agent in the currency in which the applicable Loans are denominated for the account of each Lender the then unpaid principal amount of each Initial Revolving Loan of such Lender made to such Designated Borrower, on the Initial Revolving Maturity Date (or such earlier date on which the Initial Revolving Loans become due and payable pursuant to <u>Section</u> <u>9</u>). Each other Designated Borrower hereby further agrees to pay interest (which payments shall be payable in the same currency in which the respective Loan is denominated) on the unpaid principal amount of such Loans from time to time outstanding from the Closing Date until payment in full thereof at the rates per annum, and on the dates, set forth in <u>Subsection 4.1</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Each Lender shall maintain in accordance with its usual practice an account or accounts evidencing indebtedness of each of the Borrowers to such Lender resulting from each Loan of such Lender from time to time, including the amounts of principal and interest payable and paid to such Lender from time to time under this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The Administrative Agent shall maintain the Register pursuant to <u>Subsection 11.6(b)</u>, and a subaccount therein for each Lender, in which shall be recorded (<u>i</u>) the amount of each Loan made hereunder, whether such Loan is a Term Loan or a Revolving Loan, the identity of the applicable Borrower, the Type thereof, the Tranche thereof, the currency of such Loan and each Interest Period, if any, applicable thereto, (<u>ii</u>) the amount of any principal or interest due and payable or to become due and payable from the Borrowers to each applicable Lender hereunder and (<u>iii</u>) the amount of any sum received by the Administrative Agent hereunder from the Borrowers and each applicable Lender's share thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) The entries made in the Register and the accounts of each Lender maintained pursuant to <u>Subsection 2.5(d)</u> shall, to the extent permitted by applicable law, be prima facie evidence of the existence and amounts of the obligations of each of the Borrowers therein recorded; <u>provided</u>, <u>however</u>, that the failure of any Lender or the Administrative Agent to maintain the Register or any such account, or any error therein, shall not in any manner affect the obligation of the Borrowers to repay (with applicable interest) the Loans made to the Borrowers by such Lender in accordance with the terms of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.6 <u>Letters of Credit and Bankers' Acceptances</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>L/C-B/A Commitment</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Subject to the terms and conditions hereof, each Issuing Bank, in reliance on the agreements of the other Lenders set forth in <u>Subsection 2.6(d)(i)</u>, agrees to issue letters of credit (the letters of credit issued on and after the Closing Date pursuant to this <u>Subsection 2.6</u>, collectively, the "<u>Letters of Credit</u>") and time drafts, drawn by the beneficiary under an Acceptance Credit and accepted by the applicable Issuing Bank upon presentation of documents by the beneficiary of an Acceptance Credit pursuant to this <u>Subsection 2.6</u>, in the standard form for bankers' acceptances of

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Subject to <u>Subsection 2.6(j)</u>, unless otherwise agreed by the applicable Issuing Bank, (<u>x</u>) no Letter of Credit shall have an expiration date after the earlier of (<u>A</u>) one (1) year after the date of issuance (automatically renewable annually thereafter or for such longer period of time, in each case, as may be agreed by the relevant Issuing Bank) and (<u>B</u>) five (5) Business Days prior to the last day of the Revolving Commitment Period (except to the extent cash collateralized or backstopped pursuant to arrangements reasonably acceptable to the relevant Issuing Bank), and (<u>y</u>) no Bankers' Acceptance shall be required to be created if maturity of such Bankers' Acceptance would occur earlier than thirty (30) days or later than one hundred twenty (120) days from the date of creation and, in any event, later than sixty (60) days before the date that is five (5) Business Days prior to the last day of the Revolving Commitment Period (except to the extent cash collateralized or backstopped pursuant to arrangements reasonably acceptable to the relevant Issuing Bank).

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) Each Letter of Credit and Bankers' Acceptance shall be denominated in Dollars or a Designated Foreign Currency and, with respect to each Letter of Credit, shall be either (<u>A</u>) a standby letter of credit issued to support obligations of the Parent Borrower or any of its Restricted Subsidiaries, contingent or otherwise, which finance the working capital and business needs of the Parent Borrower and its Subsidiaries incurred in the ordinary course of business (a "<u>Standby Letter of Credit</u>") or (<u>B</u>) a commercial letter of credit in respect of the purchase of goods or services by the Parent Borrower or any of its Restricted Subsidiaries in the ordinary course of business (a "<u>Commercial Letter of Credit</u>"). The issuance of each Letter of Credit and Bankers' Acceptance shall be subject to the customary policies and procedures for the issuance of Letters Credit or Bankers' Acceptances, as applicable, of the Issuing Bank with respect to such Letter of Credit or Bankers' Acceptance to the extent that such Issuing Bank applies such customary policies and procedures in a manner consistent with its treatment of similarly situated borrowers. Each Letter of Credit and Bankers' Acceptance shall be deemed to constitute a utilization of the Revolving Commitments and shall be participated in (as more fully described in following <u>Subsection 2.6(d)(i)</u>) by the Revolving Lenders in accordance with their respective Revolving Commitment Percentages.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) Unless otherwise agreed by the applicable Issuing Bank and the Borrower Representative, each Letter of Credit and Bankers' Acceptance shall be governed by, and shall be construed in accordance with, the laws of the State of New York, and to the extent not prohibited by such laws, the ISP shall apply to each Standby Letter of Credit, and the Uniform Customs shall apply to each Commercial Letter of Credit. The ISP shall not in any event apply to this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) An Issuing Bank shall not at any time issue any Letter of Credit or create any Bankers' Acceptance hereunder if such issuance would conflict with, or cause such Issuing Bank or any L/C-B/A Participant to exceed any limits imposed by, any applicable Requirement of Law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) The applicable Issuing Bank shall not at any time be obligated to issue any Letter of Credit or create and Bankers' Acceptance if any order, judgment or decree of any Governmental Authority or arbitrator shall by its terms purport to enjoin or restrain the applicable Issuing Bank from issuing such Letter of Credit or creating any related Bankers' Acceptance, or any Law applicable to the applicable Issuing Bank or any request or directive (whether or not having the force of law) from any Governmental Authority with jurisdiction over the applicable Issuing Bank shall prohibit, or request that the applicable Issuing Bank refrain from, the issuance of letters of credit or creation of related Bankers' Acceptances generally or such Letter of Credit or any related Bankers' Acceptance in particular or shall impose upon the applicable Issuing Bank with respect to such Letter of Credit or related Bankers' Acceptance any restriction, reserve or capital requirement (for which the applicable Issuing Bank is not otherwise compensated hereunder) not in effect on the Closing Date, or shall impose upon the applicable Issuing Bank any unreimbursed loss, cost or expense which was not applicable on the Closing Date and which the applicable Issuing Bank in good faith deems material to it;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) The applicable Issuing Bank shall not at any time be obligated to issue any Letter of Credit or create and Bankers' Acceptance if such Letter of Credit or any related Bankers' Acceptance contains any provisions for automatic reinstatement of the stated amount after any drawing thereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Procedure for Issuance of Letters of Credit and Creation of Bankers</u><u>'</u> <u>Acceptances</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) The Borrower Representative may from time to time request during the Initial Revolving Commitment Period that an Issuing Bank issue a Letter of Credit or create a Bankers' Acceptance by delivering to the applicable Issuing Bank at its address for notices specified herein a Letter of Credit / Bankers' Acceptance Request therefor, completed to the reasonable satisfaction of the applicable Issuing Bank, and such other certificates, documents and other papers and information as the applicable Issuing Bank may reasonably request. Upon receipt of any Letter of Credit / Bankers' Acceptance Request, the applicable Issuing Bank shall (i) confirm with the Administrative Agent (by telephone or in writing) that the Administrative Agent has received a copy of such Letter of Credit Request from the Borrower Representative and, if not so received, such Issuing Bank shall provide the Administrative Agent with a copy thereof and (ii) process such Letter of Credit / Bankers' Acceptance Request and the certificates, documents and other papers and information delivered to it in connection therewith in accordance with its customary procedures and, unless notified by the Administrative Agent or the Borrower Representative, at least one Business Day prior to the requested date of issuance or amendment of the applicable Letter of Credit, that one or more applicable conditions contained in <u>Subsection 6.2</u> shall not then be satisfied, shall promptly issue the Letter of Credit or create the Bankers' Acceptance requested thereby (but in no event shall such Issuing Bank be required to issue any Letter of Credit or create any Bankers' Acceptance earlier than three Business Days after its receipt of the Letter of Credit / Bankers' Acceptance Request therefor and all such other certificates, documents and other papers and information relating thereto) by issuing the original of such Letter of Credit or Bankers' Acceptance to the beneficiary thereof or as otherwise may be agreed to by the applicable Issuing Bank and the applicable Borrower. The applicable Issuing Bank shall furnish a copy of such Letter of Credit or Bankers' Acceptance to the applicable Borrower promptly following the issuance thereof. The applicable Issuing Bank shall promptly furnish to the Administrative Agent, which shall in turn promptly furnish to the Lenders, notice of the issuance of each Letter of Credit and Bankers' Acceptance (including the amount thereof).

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) The making of each request for a Letter of Credit or Bankers' Acceptance by the Borrower Representative shall be deemed to be a representation and warranty by the Borrower Representative that such Letter of Credit or Bankers' Acceptance may be issued or created in accordance with, and will not violate the requirements of, <u>Subsection</u> <u>2.6(a)</u>. Unless an Issuing Bank has received notice from the Administrative Agent before it issues a Letter of Credit or creates a Bankers' Acceptance that one or more of the applicable conditions specified in <u>Subsection 6.2</u> have not been satisfied, or that the issuance of such Letter of Credit or creation of such Bankers' Acceptance would violate <u>Subsection 2.6(a)</u>, then such Issuing Bank may issue the requested Letter of Credit or create the requested Bankers' Acceptance in accordance with such Issuing Bank's usual and customary practices.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Fees, Commissions and Other Charges</u>.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) The Administrative Agent shall, promptly following its receipt thereof, distribute to the applicable Issuing Bank and the L/C-B/A Participants all commissions and fees received by the Administrative Agent for their respective accounts pursuant to this <u>Subsection 2.6(c)</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>L/C-B/A Participations</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Each Issuing Bank irrevocably agrees to grant and hereby grants to each L/C-B/A Participant, and, to induce each such Issuing Bank to issue Letters of Credit and create Bankers' Acceptances hereunder, each L/C-B/A Participant irrevocably agrees to accept and purchase and hereby accepts and purchases from the applicable Issuing Bank, without recourse or warranty, on the terms and conditions hereinafter stated, for such L/C-B/A Participant's own account and risk an undivided interest equal to such L/C-B/A Participant's Revolving Commitment Percentage (determined on the date of issuance of the relevant Letter of Credit or creation of the relevant Bankers' Acceptance) in such Issuing Bank's obligations and rights under each Letter of Credit issued or continued and each Bankers' Acceptance created or continued hereunder, the amount of each draft paid by each such Issuing Bank thereunder and the obligations of the Loan Parties under this Agreement with respect thereto (although Letter of Credit and Bankers' Acceptance fees and commissions shall be payable directly to the Administrative Agent for the account of the applicable Issuing Bank and L/C-B/A Participants, as provided in <u>Subsection 2.6(c)</u>, and the L/C-B/A Participants shall have no right to receive any portion of any facing fees with respect to any such Letters of Credit or Bankers' Acceptances) and any security therefor or guaranty pertaining thereto. Each L/C-B/A Participant unconditionally and irrevocably agrees with each Issuing Bank that, if a draft is paid under any Letter of Credit or Bankers' Acceptance for which such Issuing Bank is not reimbursed in full by the applicable Borrower in respect of such Letter of Credit or Bankers' Acceptance in accordance with <u>Subsection 2.6(e)(i)</u> (an "<u>L/C-B/A Disbursement</u>"), such L/C-B/A Participant shall pay to the Administrative Agent for the account of the applicable Issuing Bank upon demand (which demand, in the case of any demand made in respect of any draft under a Letter of Credit or Bankers' Acceptance denominated in any Designated Foreign Currency, shall not be made prior to the date that the amount of such draft shall be converted into Dollars in accordance with <u>Subsection</u> <u>2.6(e)(i)</u>) at the Administrative Agent's address

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for notices specified herein an amount equal to such L/C-B/A Participant's Revolving Commitment Percentage of the amount of such draft, or any part thereof, which is not so reimbursed; <u>provided</u> that nothing in this paragraph shall relieve any Issuing Bank of any liability resulting from the bad faith, gross negligence or willful misconduct of such Issuing Bank, or otherwise affect any defense or other right that any L/C-B/A Participant may have as a result of such bad faith, gross negligence or willful misconduct. All calculations of the L/C-B/A Participants' Revolving Commitment Percentages shall be made from time to time by the Administrative Agent, which calculations shall be conclusive absent manifest error.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) If any amount required to be paid by any L/C-B/A Participant to the Administrative Agent for the account of an Issuing Bank on demand by such Issuing Bank pursuant to <u>Subsection 2.6(d)(i)</u> in respect of any unreimbursed portion of any payment made by such Issuing Bank under any Letter of Credit or Bankers' Acceptance is paid to the Administrative Agent for the account of such Issuing Bank within three Business Days after the date such demand is made, such L/C-B/A Participant shall pay to the Administrative Agent for the account of such Issuing Bank on demand an amount equal to the product of such amount, <u>times</u> the daily average Federal Funds Effective Rate during the period from and including the date such payment is required to the date on which such payment is immediately available to the Administrative Agent for the account of such Issuing Bank, <u>times</u> a fraction the numerator of which is the number of days that elapse during such period and the denominator of which is 360. If any such amount required to be paid by any L/C-B/A Participant pursuant to <u>Subsection 2.6(d)(i)</u> is not in fact made available to the Administrative Agent for the account of such Issuing Bank by such L/C-B/A Participant within three Business Days after the date such payment is due, such Issuing Bank shall be entitled to recover from such L/C-B/A Participant, on demand, such amount with interest thereon (with interest based on the Dollar Equivalent of any amounts denominated in Designated Foreign Currencies) calculated from such due date at the rate per annum applicable to Revolving Loans maintained as Base Rate Loans hereunder. A certificate of an Issuing Bank submitted to any L/C-B/A Participant with respect to any amounts owing under this <u>Subsection 2.6(d)(ii)</u> (which shall include calculations of any such amounts in reasonable detail) shall be conclusive in the absence of manifest error.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) Whenever, at any time after an Issuing Bank has made payment under any Letter of Credit or Bankers' Acceptance and has received through the Administrative Agent from any L/C-B/A Participant its pro rata share of such payment in accordance with <u>Subsection 2.6(d)(i)</u>, such Issuing Bank receives through the Administrative Agent any payment related to such Letter of Credit or Bankers' Acceptance (whether directly from a Borrower or otherwise, including proceeds of Collateral applied thereto by the Administrative Agent or by such Issuing Bank), or any payment of interest on account thereof, the Administrative Agent will, if such payment is received prior to 1:00 P.M., New York City time, on a Business Day, distribute to such L/C-B/A Participant its pro rata share thereof prior to the end of such

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Business Day and otherwise the Administrative Agent will distribute such payment on the next succeeding Business Day; <u>provided</u>, <u>however</u>, that in the event that any such payment received by an Issuing Bank through the Administrative Agent shall be required to be returned by such Issuing Bank, such L/C-B/A Participant shall return to such Issuing Bank through the Administrative Agent the portion thereof previously distributed by the Administrative Agent to it.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) <u>Reimbursement Obligation of the Borrowers</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Each Issuing Bank shall, upon receipt from the beneficiary of any Letter of Credit or Bankers' Acceptance of any notice of a drawing under such Letter of Credit or Bankers' Acceptance, notify the Borrower Representative and the Administrative Agent thereof. Each Borrower hereby agrees to reimburse each Issuing Bank (through the Administrative Agent) upon receipt by the Borrower Representative of notice from the applicable Issuing Bank of the date and amount of a draft presented under any Letter of Credit or Bankers' Acceptance issued on its behalf and paid by such Issuing Bank, for the amount of such draft so paid and any fees, charges or other costs or expenses (excluding, in each case, any taxes) reasonably incurred by such Issuing Bank in connection with such payment. Each such payment shall be made to the Administrative Agent for the account of the applicable Issuing Bank at its address for notices specified herein in the currency in which such Letter of Credit or Bankers' Acceptance is denominated (except that, in the case of any Letter of Credit or Bankers' Acceptance denominated in a Designated Foreign Currency, in the event that such payment is to be made in Dollars pursuant to the following sentence, such payment shall be made in Dollars, in an amount equal to the Dollar Equivalent of the amount of such payment converted on the date of such notice into Dollars at the Spot Rate of Exchange on such date) and in immediately available funds, no later than 3:00 P.M., New York City time, on the next succeeding Business Day after the date on which the Borrower Representative receives such notice. In the case of a Letter of Credit or Bankers' Acceptance denominated in a Designated Foreign Currency, the applicable Borrower shall reimburse the applicable Issuing Bank in such Designated Foreign Currency, unless (A) such Issuing Bank (at its option) shall have specified in such notice that it will require reimbursement in Dollars, or (B) in the absence of any such requirement for reimbursement in Dollars, the Borrower Representative shall have notified such Issuing Bank promptly following receipt of the notice of drawing that the applicable Borrower will reimburse such Issuing Bank in Dollars. Any conversion by an Issuing Bank of any payment to be made in respect of any Letter of Credit or Bankers' Acceptance denominated in any Designated Foreign Currency into Dollars in accordance with this <u>Subsection</u> <u>2.6(e)(i)</u> shall be conclusive and binding upon the applicable Borrower and the Lenders in the absence of manifest error; <u>provided</u> that upon the request of the Borrower Representative or any Lender, the applicable Issuing Bank shall provide to the Borrower Representative or such Lender a certificate including reasonably detailed information as to the calculation of such conversion.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Interest shall be payable on any and all amounts remaining unpaid (taking the Dollar Equivalent of any amounts denominated in any Designated Foreign Currency, as determined by the Administrative Agent) by the Borrowers under this <u>Subsection 2.6(e)(ii)</u> from the date the draft presented under the affected Letter of Credit or Bankers' Acceptance is paid to the date on which the applicable Borrower is required to pay such amounts pursuant to <u>Subsection 2.6(e)(i)</u> at the rate which would then be payable on any outstanding Base Rate Loans that are Revolving Loans and thereafter until payment in full at the rate which would be payable on any outstanding Base Rate Loans that are Revolving Loans which were then overdue.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) <u>Obligations Absolute</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) The applicable Loan Parties' obligations under this <u>Subsection 2.6</u> shall be absolute, unconditional and irrevocable under any and all circumstances and irrespective of any set-off, counterclaim or defense to payment which any of them may have or have had against any Issuing Bank, any L/C-B/A Participant or any beneficiary of a Letter of Credit or Bankers' Acceptance; <u>provided</u> that this <u>Subsection</u> <u>2.6(f)(i)</u> shall not relieve any Issuing Bank or any L/C-B/A Participant of any liability resulting from the bad faith, gross negligence or willful misconduct of such Issuing Bank or such L/C-B/A Participant (as determined in a final non-appealable judgment of a court of competent jurisdiction), or otherwise affect any defense or other right that the Loan Parties may have as a result of any such bad faith, gross negligence or willful misconduct.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Each Borrower agrees that no Issuing Bank shall be responsible for, and such Borrower's Reimbursement Obligations under <u>Subsection 2.6(e)(i)</u> shall not be affected by, among other things, the validity or genuineness of documents or of any endorsements thereon, even though such documents shall in fact prove to be invalid, fraudulent or forged, or any dispute between such Borrower and any beneficiary of any Letter of Credit or Bankers' Acceptance or any other party to which such Letter of Credit or Bankers' Acceptance may be transferred or any claims whatsoever of such Borrower against any beneficiary of such Letter of Credit or Bankers' Acceptance or any such transferee; <u>provided</u> that this <u>Subsection</u> <u>2.6(f)(ii)</u> shall not relieve any Issuing Bank or any L/C-B/A Participant of any liability resulting from the bad faith, gross negligence or willful misconduct of such Issuing Bank or such L/C-B/A Participant (as determined in a final non-appealable judgment of a court of competent jurisdiction), or otherwise affect any defense or other right that the Loan Parties may have as a result of any such bad faith, gross negligence or willful misconduct.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) Neither any Issuing Bank nor any L/C-B/A Participant shall be liable for any error, omission, interruption or delay in transmission, dispatch or delivery of any message or advice, however transmitted, in connection with any Letter of Credit or Bankers' Acceptance, except with respect to errors or omissions caused by such Person's bad faith, gross negligence or willful misconduct (as determined in a final non-appealable judgment of a court of competent jurisdiction).

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) Each Borrower agrees that any action taken or omitted by an Issuing Bank under or in connection with any Letter of Credit or Bankers' Acceptance the related drafts, or Issuer Documents pertaining to such Letters of Credit or Bankers' Acceptance, if done in the absence of bad faith, gross negligence or willful misconduct and in accordance with the standards of care specified in the UCC, shall be binding on such Borrower and shall not result in any liability of such Issuing Bank or any L/C-B/A Participant to such Borrower, it being understood that, notwithstanding the foregoing, such Issuing Bank may honor a presentation under a Letter of Credit or Bankers' Acceptance which on its face substantially complies with the terms of such Letter of Credit or Bankers' Acceptance; <u>provided</u> that the foregoing shall not relieve such Issuing Bank from any liability resulting from the bad faith, gross negligence or willful misconduct of such Issuing Bank or any of its Related Parties (as determined in a final non-appealable judgment of a court of competent jurisdiction).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) <u>Letter of Credit Payments</u>. If any draft shall be presented for payment under any Letter of Credit or Bankers' Acceptance, the applicable Issuing Bank shall promptly notify the Borrower Representative and the Administrative Agent of the date and the amount thereof. The responsibility of an Issuing Bank to the Borrower in respect of any Letter of Credit or Bankers' Acceptance in connection with any draft presented for payment under such Letter of Credit or Bankers' Acceptance shall, in addition to any payment obligation expressly provided for in such Letter of Credit or Bankers' Acceptance, as applicable, be limited to determining that the documents (including each draft) delivered under such Letter of Credit or Bankers' Acceptance in connection with such presentment are in conformity with such Letter of Credit or Bankers' Acceptance; <u>provided</u> that this <u>Subsection</u> <u>2.6(g)</u> shall not relieve any Issuing Bank of any liability resulting from the bad faith, gross negligence or willful misconduct of such Issuing Bank, or otherwise affect any defense or other right that the Loan Parties may have as a result of any such bad faith, gross negligence or willful misconduct.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) <u>Letter of Credit / Bankers</u><u>'</u> <u>Acceptance Request; Issuer Document</u>. To the extent that any provision of any Letter of Credit / Bankers' Acceptance Request or Issuer Document related to any Letter of Credit or Bankers' Acceptance is inconsistent with the provisions of this <u>Subsection 2.6</u>, the provisions of this <u>Subsection 2.6</u> shall apply.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) <u>Auto-Extension Letters of Credit</u>. If the Borrower Representative so requests in any applicable Letter of Credit / Bankers' Acceptance Request, the applicable Issuing Bank may, in its sole discretion, agree to issue a Letter of Credit that has automatic extension provisions (each, an "<u>Auto-Extension Letter of Credit</u>"); <u>provided</u> that any such Auto-Extension Letter of Credit must permit such Issuing Bank to prevent any such extension at least once in each twelve-month period (commencing with the date of issuance of such Letter of Credit) by giving prior notice to the beneficiary thereof not later than a day (the "<u>Non-Extension Notice Date</u>") in each such twelve-month period to be agreed upon at the time such Letter of Credit is issued. Unless otherwise directed by the applicable Issuing Bank, the Borrower Representative shall not be required to make a specific request to such Issuing Bank for any such extension. Once an Auto-Extension Letter of Credit has been issued, the Lenders shall be deemed to have authorized (but may not require) such Issuing Bank to permit the extension of such Letter of Credit at any time to an expiry date not later than the earlier of (<u>i</u>) one year from the date of such renewal and (<u>ii</u>) the fifth Business Day prior to the Initial Revolving Maturity Date; <u>provided</u>, <u>however</u>, that such Issuing Bank shall not permit any such extension if (<u>A</u>) such Issuing Bank has determined that it would not be permitted, or would have no obligation, at such time to issue such Letter of Credit in its revised form (as extended) under the terms hereof or (<u>B</u>) it has received notice on or before the day that is seven Business Days before the Non-Extension Notice Date (<u>1</u>) from the Administrative Agent that the Required Lenders have elected not to permit such extension or (<u>2</u>) from the Administrative Agent, any Lender or the Borrower Representative that one or more of the applicable conditions specified in <u>Subsection 6.2</u> is not then satisfied, and in each such case directing the applicable Issuing Bank not to permit such extension.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.7 <u>Swing Line Commitments</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Subject to the terms and conditions hereof, the Swing Line Lender agrees to make swing line loans (individually, a "<u>Swing Line Loan</u>"; collectively, the "<u>Swing Line Loans</u>") to any of the Borrowers from time to time during the Initial Revolving Commitment Period in an aggregate principal amount at any one time outstanding not to exceed $50,000,000; <u>provided</u> that at no time may (x) the sum of the Dollar Equivalent of the then outstanding Swing Line Loans, Revolving Loans and L/C-B/A Obligations exceed the Revolving Commitments then in effect or (y) the sum of the Dollar Equivalent of the then outstanding Swing Line Loans, the Revolving Loans made by the Swing Line Lender (in its capacity as a Revolving Lender) and the L/C-B/A Obligations of the Swing Line Lender (in its capacity as a Revolving Lender) exceed the Revolving Commitments of the Swing Line Lender (in its capacity as a Revolving Lender) then in effect. Amounts borrowed by a Borrower under this <u>Subsection</u> <u>2.7</u> may be repaid and, through but excluding the Initial Revolving Maturity Date, reborrowed. All Swing Line Loans made to a Borrower shall be made in Dollars as Base Rate Loans and shall not be entitled to be converted into Term Benchmark Loans. The Borrower Representative shall give the Swing Line Lender irrevocable notice (which notice must be received by the Swing Line Lender prior to 1:00 P.M., New York City time (or such later time as may be agreed

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by the Swing Line Lender in its reasonable discretion) on the requested Borrowing Date) specifying the amount of the requested Swing Line Loan, which shall be in a minimum amount of $100,000 or whole multiples of $50,000 in excess thereof. The Swing Line Lender hereby agrees to make the proceeds of any Swing Line Loan requested pursuant to this <u>Subsection 2.7(a)</u> available to the Administrative Agent at the office of the Administrative Agent prior to 3:00 P.M., New York City time, on the requested Borrowing Date. The Administrative Agent shall make the proceeds of any such Swing Line Loan available to the applicable Borrower on such Borrowing Date by depositing such proceeds in the account of the applicable Borrower with the Administrative Agent on such Borrowing Date in immediately available funds.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) [Reserved].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The Swing Line Lender, at any time in its sole and absolute discretion, may, and, at any time as there shall be a Swing Line Loan outstanding for more than seven Business Days, the Swing Line Lender shall, on behalf of the Borrower Representative (which hereby irrevocably directs and authorizes the Swing Line Lender to act on its behalf), request (<u>provided</u> that such request shall be deemed to have been automatically made upon the occurrence of an Event of Default under <u>Subsection 9.1(f)</u>) each Revolving Lender, including the Swing Line Lender, to make a Revolving Loan as a Base Rate Loan in an amount equal to such Lender's Revolving Commitment Percentage of the principal amount of all Swing Line Loans (a "<u>Mandatory Revolving Loan Borrowing</u>") in an amount equal to such Revolving Lender's Revolving Commitment Percentage of the principal amount of all of the Swing Line Loans (collectively, the "<u>Refunded Swing Line Loans</u>") outstanding on the date such notice is given; <u>provided</u> that the provisions of this subsection shall not affect the obligations of the applicable Borrower to prepay Swing Line Loans in accordance with the provisions of <u>Subsection 4.4(d)</u>. Unless the Revolving Commitments shall have expired or terminated (in which event the procedures of paragraph (d) of this <u>Subsection 2.7</u> shall apply), each Revolving Lender hereby agrees to make the proceeds of its Revolving Loan (including any Term Benchmark Loan) available to the Administrative Agent for the account of the Swing Line Lender at the office of the Administrative Agent prior to 12:00 noon, New York City time, in funds immediately available on the Business Day next succeeding the date such notice is given notwithstanding (<u>i</u>) that the amount of the Mandatory Revolving Loan Borrowing may not comply with the minimum amount for Revolving Loans otherwise required hereunder, (<u>ii</u>) whether any conditions specified in <u>Subsection</u> <u>6.2</u> are then satisfied, (<u>iii</u>) whether a Default or an Event of Default then exists, (<u>iv</u>) the date of such Mandatory Revolving Loan Borrowing and (<u>v</u>) the amount of the Revolving Commitment of such, or any other, Lender at such time. The proceeds of such Revolving Loans (including any Term Benchmark Loan) shall be immediately applied to repay the Refunded Swing Line Loans.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) If the Revolving Commitments shall expire or terminate at any time while Swing Line Loans are outstanding, each Revolving Lender shall, at the option of the Swing Line Lender, exercised reasonably, either (<u>i</u>) notwithstanding the expiration or termination of the Revolving Commitments, make a Revolving Loan as a Base Rate Loan (which Revolving Loan shall be deemed a "Revolving Loan" for all purposes of this Agreement and the other Loan Documents) or (<u>ii</u>) purchase an undivided participating interest in such Swing Line Loans, in either case in an amount equal to such Revolving Lender's Revolving Commitment Percentage determined on the date of, and immediately

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prior to, expiration or termination of the Revolving Commitments of the aggregate principal amount of such Swing Line Loans; <u>provided</u> that, in the event that any Mandatory Revolving Loan Borrowing cannot for any reason be made on the date otherwise required above (including as a result of the commencement of a proceeding under any bankruptcy, reorganization, dissolution, insolvency, receivership, administration or liquidation or similar law with respect to the applicable Borrower), then each Revolving Lender hereby agrees that it shall forthwith purchase (as of the date the Mandatory Revolving Loan Borrowing would otherwise have occurred, but adjusted for any payments received from the applicable Borrower on or after such date and prior to such purchase) from the Swing Line Lender such participations in such outstanding Swing Line Loans as shall be necessary to cause such Revolving Lenders to share in such Swing Line Loans ratably based upon their respective Revolving Commitment Percentages; <u>provided</u>, <u>further</u>, that (<u>x</u>) all interest payable on the Swing Line Loans shall be for the account of the Swing Line Lender until the date as of which the respective participation is required to be purchased and, to the extent attributable to the purchased participation, shall be payable to the participant from and after such date and (<u>y</u>) at the time any purchase of participations pursuant to this sentence is actually made, the purchasing Revolving Lender shall be required to pay the Swing Line Lender interest on the principal amount of the participation purchased for each day from and including the day upon which the Mandatory Revolving Loan Borrowing would otherwise have occurred to but excluding the date of payment for such participation, at the rate otherwise applicable to Revolving Loans made as Base Rate Loans. Each Revolving Lender will make the proceeds of any Revolving Loan made pursuant to the immediately preceding sentence available to the Administrative Agent for the account of the Swing Line Lender at the office of the Administrative Agent prior to 12:00 noon, New York City time, in funds immediately available on the Business Day next succeeding the date on which the Revolving Commitments expire or terminate and in Dollars. The proceeds of such Revolving Loans shall be immediately applied to repay the Swing Line Loans outstanding on the date of termination or expiration of the Revolving Commitments. In the event that the Revolving Lenders purchase undivided participating interests pursuant to the first sentence of this paragraph (d), each Revolving Lender shall immediately transfer to the Swing Line Lender, in immediately available funds, the amount of its participation and upon receipt thereof the Swing Line Lender will deliver to such Revolving Lender a Swing Line Loan Participation Certificate dated the date of receipt of such funds and in such amount.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) Whenever, at any time after the Swing Line Lender has received from any Revolving Lender such Revolving Lender's participating interest in a Swing Line Loan, the Swing Line Lender receives any payment on account thereof (whether directly from the applicable Borrower or otherwise, including proceeds of Collateral applied thereto by the Swing Line Lender), or any payment of interest on account thereof, the Swing Line Lender will, if such payment is received prior to 1:00 P.M., New York City time, on a Business Day, distribute to such Revolving Lender its pro rata share thereof prior to the end of such Business Day and otherwise, the Swing Line Lender will distribute such payment on the next succeeding Business Day (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Revolving Lender's participating interest was outstanding and funded); <u>provided</u>, <u>however</u>, that in the event that such payment received by the Swing Line Lender is required to be returned, such Revolving Lender will return to the Swing Line Lender any portion thereof previously distributed by the Swing Line Lender to it.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) Each Revolving Lender's obligation to make the Revolving Loans and to purchase participating interests with respect to Swing Line Loans in accordance with <u>Subsections 2.7(c)</u> and <u>2.7(d)</u> shall be absolute and unconditional and shall not be affected by any circumstance, including (<u>i</u>) any set-off, counterclaim, recoupment, defense or other right that such Revolving Lender or the applicable Borrower may have against the Swing Line Lender, such Borrower or any other Person for any reason whatsoever, (<u>ii</u>) the occurrence or continuance of a Default or an Event of Default, (<u>iii</u>) any adverse change in condition (financial or otherwise) of the applicable Borrower, (<u>iv</u>) any breach of this Agreement or any other Loan Document by the Parent Borrower, any other Loan Party or any other Lender, (<u>v</u>) any inability of the Parent Borrower to satisfy the conditions precedent to borrowing set forth in this Agreement on the date upon which such Revolving Loan is to be made or participating interest is to be purchased or (<u>vi</u>) any other circumstance, happening or event whatsoever, whether or not similar to any of the foregoing.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.8 <u>Incremental Facilities</u>. (a) So long as no Event of Default under <u>Subsection</u> <u>9.1 (a</u>) or <u>(f)</u> exists or would arise therefrom, the Borrower Representative shall have the right (on behalf of itself and the other Borrowers, or in the case of Incremental Loans the proceeds of which will be subject to an escrow or other similar arrangement, an Escrow Subsidiary (any such Escrow Subsidiary, an "<u>Escrow Borrower</u>")), at any time and from time to time after the Closing Date, (<u>i</u>) to request new term loan commitments, including delayed draw term loan commitments (the "<u>New Delayed Draw Term Loan Commitments</u>"), under one or more new term loan credit facilities to be included in this Agreement (the "<u>Incremental Term Loan Commitments</u>"), (<u>ii</u>) to increase the Existing Term Loans by requesting new term loan commitments to be added to an Existing Tranche of Term Loans (the "<u>Supplemental Term Loan Commitments</u>"), (<u>iii</u>) to increase the Existing Revolving Commitments by requesting new Revolving Loan Commitments be added to an Existing Tranche of Existing Revolving Commitments (the "<u>Supplemental Revolving Commitments</u>"), (<u>iv</u>) to request new commitments under one or more new revolving facilities to be included in this Agreement (the "<u>Incremental Revolving Commitments</u>"), and (<u>v</u>) to request new letter of credit or bankers' acceptance facility commitments under one or more new letter of credit or bankers' acceptance facilities to be included in this Agreement (the "<u>Incremental L/C-B/A Commitments</u>" and, together with the New Delayed Draw Term Loan Commitments, Incremental Term Loan Commitments, Supplemental Term Loan Commitments, Supplemental Revolving Commitments and the Incremental Revolving Commitments, the "<u>Incremental</u> <u>Commitments</u>"); <u>provided</u> that, (<u>i</u>) (<u>x</u>) the aggregate amount of Incremental Commitments (other than New Delayed Draw Term Loan Commitments if the Parent Borrower, at its option, has elected to establish such New Delayed Draw Term Loan Commitments in compliance with the immediately following subclause (y)) permitted pursuant to this <u>Subsection 2.8</u> shall not exceed, at the time the respective Incremental Commitment becomes effective (and after giving effect to the Incurrence of Indebtedness in connection therewith and the application of proceeds of any such Indebtedness, including to refinance other Indebtedness), an amount that could then be Incurred under this Agreement in compliance with <u>Subsection 8.1(b)(i)</u> (for the avoidance of doubt, if the Parent Borrower does not elect to establish the New Delayed Draw Term Loan Commitments in compliance with subclause (y), then such New Delayed Draw Term Loan Commitments shall be included in the calculation of any Financial Incurrence Tests as though such New Delayed Draw Term Loan Commitments were fully drawn on the date of Incurrence) and (<u>y</u>) if the Parent Borrower, at its option, has elected to establish New Delayed Draw Term Loan Commitments in compliance with this

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subclause (y), the aggregate amount of such New Delayed Draw Term Loan Commitments shall be unlimited at the time such New Delayed Draw Term Loan Commitments are established; <u>provided</u> that, (<u>A</u>) Term Loans may only be Incurred in respect of such New Delayed Draw Term Loan Commitments if at the time of Incurrence thereof (and after giving effect to the application of proceeds of any such Term Loans to refinance any other Indebtedness), such Indebtedness could be incurred in compliance with <u>Subsection 8.1(b)(i)</u> and (<u>B</u>) prior to the time that any such New Delayed Draw Term Loan Commitments are funded, any such New Delayed Draw Term Loan Commitments that have not yet been funded shall not be included in the determination of "Required Lenders", "Required Majority in Interest Lenders" or "Total Credit Percentages" and (<u>ii</u>) if any portion of an Incremental Commitment (or any Term Loan Incurred in respect of New Delayed Draw Term Loan Commitments) is to be incurred in reliance on clause (iii) of the definition of "Maximum Incremental Facilities Amount", the Borrower Representative shall have delivered (or, in the case of any Term Loan Incurred in respect of New Delayed Draw Term Loan Commitments, as a condition to the funding of such Term Loans) a certificate to the Administrative Agent, certifying compliance with the financial test set forth in such clause (together with calculations demonstrating compliance with such test). Any loans made in respect of any such Incremental Commitment (other than Supplemental Term Loan Commitments and Supplemental Revolving Commitments) shall be made by creating a new Tranche. Each Incremental Commitment made available pursuant to this <u>Subsection 2.8</u> shall be in a minimum aggregate amount of at least $10,000,000 and in integral multiples of $5,000,000 in excess thereof (or, in the case of any Incremental Commitments denominated in any Designated Foreign Currency, the Dollar Equivalent thereof) (or, in each case, such lower minimum amounts or multiples as agreed to by the Administrative Agent in its reasonable discretion); <u>provided</u> that such amount may be less than $10,000,000 (or the Dollar Equivalent thereof), if such amount represents the then remaining aggregate principal amount available to be Incurred in compliance with <u>Subsection 8.1(b)(i)</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Each request from the Borrower Representative pursuant to this <u>Subsection 2.8</u> shall set forth the requested amount and proposed terms of the relevant Incremental Commitments. The Incremental Commitments (or any portion thereof) may be made by any existing Lender or by any other bank or other financial institution (any such other bank or other financial institution, an "<u>Additional Incremental Lender</u>", and the Additional Incremental Lenders together with any existing Lender providing Incremental Commitments, the "<u>Incremental Lenders</u>"); <u>provided</u> that if such Additional Incremental Lender is not already a Lender hereunder or an Affiliate of a Lender hereunder or an Approved Fund, the consent of the Administrative Agent and (in the case of a Supplemental Revolving Commitment) the consent of the Swing Line Lender (if any) or any Issuing Bank (in each case, such consent not to be unreasonably withheld, conditioned or delayed) shall be required. The Borrower Representative may agree, in its sole discretion, to accept a lesser amount of any Incremental Commitment than originally requested. In the event there are Lenders and Additional Incremental Lenders that have committed to an Incremental Commitment in excess of the maximum amount requested (or permitted), then the Borrower Representative shall have the right to allocate such commitments on whatever basis the Borrower Representative determines is appropriate.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Supplemental Term Loan Commitments and Supplemental Revolving Commitments shall become commitments under this Agreement pursuant to a supplement specifying the Tranche of Term Loans or Revolving Commitments to be increased, executed by the Borrower Representative and each increasing Lender substantially in the form attached hereto as <u>Exhibit I-1</u> or in such other form as may be appropriate in the opinion of the Borrower Representative and the Administrative Agent (the "<u>Increase Supplement</u>") or by each Additional Incremental Lender substantially in the form attached hereto as <u>Exhibit I-2</u> or in such other form as may be appropriate in the opinion of the Borrower Representative and the Administrative Agent (the "<u>Lender Joinder Agreement</u>"), as the case may be, which shall be delivered to the Administrative Agent for recording in the Register. Upon effectiveness of the Lender Joinder Agreement each Additional Incremental Lender shall be a Lender for all intents and purposes of this Agreement and the term loan made pursuant to such Supplemental Term Loan Commitment shall be a Term Loan or the commitments made pursuant to such Supplemental Revolving Commitment shall be Revolving Commitments, as applicable. Each Increase Supplement and/or Lender Joinder Agreement may, without the consent of any other Lender, effect such amendments to any Loan Documents (including amendments to <u>Subsection 2.2(b)</u> to increase the amortization payments or interest rate margins thereunder or add customary call protection provisions with respect thereto to allow for the applicable Incremental Loans to be fungible with an existing Tranche of Term Loans hereunder) as may be necessary or appropriate, in the opinion of the Borrower Representative and the Administrative Agent, to effect the provisions of this <u>Subsection 2.8(c)</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Incremental Commitments (other than Supplemental Term Loan Commitments and Supplemental Revolving Commitments) shall become commitments under this Agreement pursuant to an amendment (an "<u>Incremental Commitment Amendment</u>") to this Agreement and, as appropriate, the other Loan Documents, executed by the Borrowers, an Escrow Borrower (if applicable) and each applicable Incremental Lender. An Incremental Commitment Amendment may, without the consent of any other Lender, effect such amendments to any Loan Documents as may be necessary or appropriate, in the opinion of the Borrower Representative and the Administrative Agent, to effect the provisions of this <u>Subsection 2.8</u>; <u>provided</u>, <u>however</u>, that (<u>i</u>) (<u>A</u>) the Incremental Commitments will not be guaranteed by, (<u>x</u>) with respect to Incremental Commitments of the Parent Borrower or an Escrow Borrower that is a Domestic Subsidiary, any Subsidiary of the Parent Borrower other than the U. S. Subsidiary Guarantors (it being understood that the primary obligation of any such Escrow Borrower shall not constitute a guarantee by a Subsidiary that is not a U.S. Subsidiary Guarantor) and (<u>y</u>) with respect to Incremental Commitments of any Foreign Borrower or an Escrow Borrower that is a Subsidiary of a Foreign Borrower in the same jursidiction of such Foreign Borrower, any Subsidiary of the Parent Borrower other than the U.S. Subsidiary Guarantors and the Foreign Subsidiary Guarantors that are Subsidiaries of such Foreign Borrower and in the same jurisdiction as such Foreign Borrower (it being understood that the primary obligation of any such Escrow Borrower shall not constitute a guarantee by a Subsidiary that is not a U.S. Subsidiary Guarantor or a Foreign Subsidiary Guarantor in such Foreign Borrower's jurisdiction), and (other than with respect to proceeds of such Incremental Commitments which are subject to an escrow or other similar arrangement and any related deposit of cash, Cash Equivalents and/or Temporary Cash Investments to cover interest and premium in respect of such Incremental Commitments) will be secured on a *pari passu* or (at the Borrower Representative's option) junior basis by the same Collateral that secures the Senior Secured Facilities Obligations (or, with respect to Incremental Commitments of any Foreign Borrower or an Escrow Borrower that is a Subsidiary of a Foreign Borrower in the same jursidiction of such Foreign Borrower, the applicable Foreign Senior Secured Facilities Obligations)

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(so long as any such Incremental Commitments (and related Obligations) are subject to the Intercreditor Agreement or an Other Intercreditor Agreement, as applicable), (<u>B</u>) the Incremental Commitments and any incremental loans drawn thereunder (the "<u>Incremental Loans</u>") shall rank *pari passu* in right of payment with or (at the Borrower Representative's option) junior to the Senior Secured Facilities Obligations (or, with respect to Incremental Commitments of any Foreign Borrower or an Escrow Borrower that is a Subsidiary of a Foreign Borrower in the same jursidiction of such Foreign Borrower, the applicable Foreign Senior Secured Facilities Obligations), and (<u>C</u>) no Incremental Commitment Amendment may provide for (<u>I</u>) any Incremental Commitment or any Incremental Loans to be secured by any Lien on any asset (other than proceeds of Incremental Loans which are subject to an escrow or similar arrangement and any related deposit of cash, Cash Equivalents and/or Temporary Cash Investments to cover interest and premium in respect of such Incremental Loans), (<u>x</u>) with respect to any Incremental Commitment or any Incremental Loans of the Parent Borrower, of any Loan Party that does not also secure the Senior Secured Facilities Obligations and (<u>y</u>) with respect to any Incremental Commitment or any Incremental Loans of any Foreign Borrower, of any Loan Party that does not also secure the applicable Foreign Senior Secured Facilities Obligations, and (<u>II</u>) so long as any Initial Term Loans are outstanding, any mandatory prepayment from the Net Cash Proceeds of Asset Dispositions (other than any Asset Disposition in respect of any assets, business or Person the acquisition of which was financed, all or in part, with Incremental Loans provided pursuant to such Incremental Commitment Amendment and the disposition of which was contemplated by any definitive agreement in respect of such acquisition) or Recovery Event or from Excess Cash Flow, to the extent the Net Cash Proceeds of such Asset Disposition or Recovery Event or such Excess Cash Flow are required to be applied to repay the Initial Term Loans pursuant to <u>Subsection 4.4(e)</u>, on more than a ratable basis with the Initial Term Loans (after giving effect to any amendment in accordance with <u>Subsection 11.1(d)(vi)</u>); (<u>ii</u>) no Lender will be required to provide any such Incremental Commitment unless it so agrees; (<u>iii</u>) any Incremental Revolving Commitment shall be on the same terms as are applicable to the Initial Revolving Commitments (including that the maturity date of any Incremental Revolving Commitment shall be no earlier than, and no scheduled mandatory commitment reduction in respect thereof shall be required prior to, the Initial Revolving Maturity Date); (<u>iv</u>) the maturity date and the weighted average life to maturity of any Incremental Term Loan Commitments shall be no earlier than or shorter than, as the case may be, the Initial Term Loan Maturity Date or the remaining weighted average life to maturity of the Initial Term Loans, as applicable (other than an earlier maturity date and/or shorter weighted average life to maturity (<u>1</u>) for customary bridge financings, which, subject to customary conditions (as determined by the Borrower Representative in good faith, which determination shall be conclusive), would either be automatically converted into or required to be exchanged for permanent refinancing which does not provide for an earlier maturity date and/or shorter weighted average life to maturity than the Initial Term Loan Maturity Date or the remaining weighted average life to maturity of the Initial Term Loans, as applicable, (<u>2</u>) pursuant to an escrow or similar arrangement with respect to the proceeds of such Incremental Term Loans or (<u>3</u>) arising on account of any mandatory principal redemption or payment by the Parent Borrower or any Restricted Subsidiary pursuant to an "AHYDO saver" provision, and the Parent Borrower's determination in good faith of the amount of any such "AHYDO saver" mandatory principal redemption or prepayment shall be conclusive and binding for all purposes under this Agreement); (<u>v</u>) the interest rate margins and (subject to clause (iv) above) amortization schedule applicable to the loans made pursuant to any Incremental Term Loan Commitments shall be

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determined by the Borrower Representative and the applicable Incremental Lenders; <u>provided</u> that, in the event that the applicable interest rate margins for any broadly syndicated floating rate Incremental Term Loans denominated in Dollars Incurred prior to the date that is twelve (12) months after the Closing Date, the principal amount of which exceeds the greater of (x) $430,000,000 and (y) 100.0% of Four Quarter Consolidated EBITDA, that are *pari passu* in right of payment and secured on a *pari passu* basis by the Collateral securing the Senior Secured Facilities Obligations and not Incurred to finance or refinance, or otherwise in connection with, any acquisition of assets (including Capital Stock), business or Person, or any merger, amalgamation or consolidation of any Person with or into the Parent Borrower or any Restricted Subsidiary, or any other Investment permitted by this Agreement, are higher than the applicable interest rate margin for the Initial Term Loans by more than 50 basis points, then the effective interest rate margin for the applicable Initial Term Loans at the time such Incremental Commitments become effective (the "<u>Existing Interest Rate</u>") shall be increased to the extent necessary so that the Existing Interest Rate is equal to the applicable interest rate margins for such Incremental Term Loan Commitment minus 50 basis points (the "<u>Adjusted Interest Rate</u>", and the number of basis points by which the Existing Interest Rate is increased, the "<u>Increased Amount</u>"); <u>provided,</u> <u>further</u> that, in determining the applicable interest rate margins for the applicable Initial Term Loans and the Incremental Term Loans, (<u>A</u>) original issue discount ("<u>OID</u>") or upfront fees payable generally to all participating Lenders in lieu of OID (which shall be deemed to constitute like amounts of OID) payable (<u>x</u>) to the Lenders under such Initial Term Loans or (<u>y</u>) by the applicable Borrower or Borrowers to any Lenders under any such Incremental Term Loan, as applicable, in the initial primary syndication thereof shall be included (with OID and upfront fees being equated to interest rate based on an assumed four-year life to maturity) (<u>provided</u> that, if such Initial Term Loans are issued in a manner such that all such Initial Term Loans were not issued with a uniform amount of OID or upfront fees within the applicable Tranche of Initial Term Loans, the amount of OID and upfront fees attributable to the entire Tranche of Initial Term Loans shall be determined on a weighted average basis); (<u>B</u>) any amendments to the Applicable Margin or effective interest rate margin on the applicable Initial Term Loans that became effective subsequent to the Closing Date but prior to the effective time of such Incremental Term Loans shall also be included in such calculations, (<u>C</u>) if the Incremental Term Loans include an interest rate floor greater than the interest rate floor applicable to the applicable Initial Term Loans, such increased amount shall be equated to the applicable interest rate margin for purposes of determining whether an increase to the Applicable Margin for such Initial Term Loans shall be required, to the extent an increase in the interest rate floor for such Initial Term Loans would cause an increase in the interest rate then in effect thereunder, and in such case the interest rate floor (but not the Applicable Margin) applicable to such Initial Term Loans shall be increased by such amount to the extent necessary to adjust the applicable Existing Interest Rate to be equal to the applicable Adjusted Interest Rate, (<u>D</u>) if the Incremental Term Loans include an interest rate floor lower than the interest rate floor applicable to the applicable Tranche of Initial Term Loans or do not include any interest rate floor, to the extent a reduction in the interest rate floor for such Initial Term Loans would cause a reduction in the interest rate then in effect thereunder, an amount equal to the difference between the interest rate floor applicable to such Initial Term Loans and the interest rate floor applicable to such Incremental Term Loans (which shall be deemed to equal 0% for any Incremental Term Loans without any interest rate floor), but which in any event shall not exceed the maximum amount by which a reduction in the interest rate floor applicable to such Initial Term Loans would cause a reduction in the interest rate then in effect thereunder, shall reduce the applicable

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interest rate margin of the applicable Incremental Term Loans for purposes of determining whether an increase in the Existing Interest Rate shall be required and (<u>E</u>) if the applicable Tranche of Initial Term Loans include a pricing grid, the interest rate margins in such pricing grid which are not in effect at the time the applicable Incremental Commitments become effective shall also each be increased by an amount equal to the Increased Amount (collectively, the "<u>MFN Protection</u>"); (<u>vi</u>) such Incremental Commitment Amendment may provide for (<u>1</u>) the inclusion, as appropriate, of Additional Incremental Lenders in any required vote or action of the Required Lenders, Required Revolving Lenders or of the Lenders of each Tranche hereunder, (<u>2</u>) class voting and other class protections for any additional credit facilities, (<u>3</u>) the amendment of the definitions of "Additional Obligations", "Disqualified Stock", "Junior Capital" and "Refinancing Indebtedness" and <u>Subsection 8.8(b)</u>, in each case only to extend the maturity date and the weighted average life to maturity requirements, from the Initial Term Loan Maturity Date and remaining weighted average life to maturity of the Initial Term Loans to the extended maturity date and the remaining weighted average life to maturity of such Incremental Term Loans, as applicable and (<u>4</u>) the amendment of clause (iii) of the definition of "Additional Obligations" to provide for the applicable mandatory prepayment protections to apply to such Incremental Term Loans; and (<u>vii</u>) the other terms and documentation in respect thereof, to the extent not consistent with this Agreement as in effect prior to giving effect to the Incremental Commitment Amendment, shall otherwise be reasonably satisfactory to the Borrower Representative, <u>provided</u> that to the extent such terms and documentation are not consistent with, in the case of Incremental Term Loans, the terms and documentation governing the Initial Term Loans, and, in the case of Incremental Revolving Commitments, the terms and documentation governing the Initial Revolving Commitments (except to the extent permitted by clause (iv) or (v) above), they shall be reasonably satisfactory to the Borrower Representative and the Administrative Agent.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.9 <u>Permitted Debt Exchanges</u>. (a) Notwithstanding anything to the contrary contained in this Agreement, pursuant to one or more offers (each, a "<u>Permitted Debt Exchange Offer</u>") made from time to time by the Borrower Representative to all Lenders (other than any Lender that, if requested by the Borrower Representative, is unable to certify that it is either a "qualified institutional buyer" (as defined in Rule 144A under the Securities Act) or an institutional "accredited investor" (as defined in Rule 501 under the Securities Act)) with outstanding Term Loans of a particular Tranche, as selected by the Borrower Representative, the applicable Borrower may from time to time following the Closing Date consummate one or more exchanges of Term Loans of such Tranche for Additional Obligations in the form of notes (such notes, "<u>Permitted Debt Exchange Notes</u>" and each such exchange, a "<u>Permitted Debt Exchange</u>"), so long as the following conditions are satisfied: (<u>i</u>) the aggregate principal amount (calculated on the face amount thereof) of Term Loans exchanged shall be equal to or more than the sum of the aggregate principal amount (calculated on the face amount thereof) of Permitted Debt Exchange Notes issued in exchange for such Term Loans, <u>plus</u> the aggregate amount of fees, underwriting discounts, premiums and other costs and expenses (including accrued and unpaid interest) incurred or payable in connection with such exchange, (<u>ii</u>) the aggregate principal amount (calculated on the face amount thereof) of all Term Loans exchanged by the applicable Borrower pursuant to any Permitted Debt Exchange shall automatically be cancelled and retired by the applicable Borrower on the date of the settlement thereof (and, if requested by the Administrative Agent, any applicable exchanging Lender shall execute and deliver to the Administrative Agent an Assignment and Acceptance, or such other form as may be reasonably requested by the Administrative Agent, in

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respect thereof pursuant to which the respective Lender assigns its interest in the Term Loans being exchanged pursuant to the Permitted Debt Exchange to the applicable Borrower for immediate cancellation), (<u>iii</u>) if the aggregate principal amount of all Term Loans (calculated on the face amount thereof) tendered by Lenders in respect of the relevant Permitted Debt Exchange Offer (with no Lender being permitted to tender a principal amount of Term Loans which exceeds the principal amount of the applicable Tranche actually held by it) shall exceed the maximum aggregate principal amount of Term Loans offered to be exchanged by the applicable Borrower pursuant to such Permitted Debt Exchange Offer, then such Borrower shall exchange Term Loans subject to such Permitted Debt Exchange Offer tendered by such Lenders ratably up to such maximum amount based on the respective principal amounts so tendered, (<u>iv</u>) each such Permitted Debt Exchange Offer shall be made on a pro rata basis to the Lenders (other than any Lender that, if requested by the Borrower Representative, is unable to certify that it is either a "qualified institutional buyer" (as defined in Rule 144A under the Securities Act) or an institutional "accredited investor" (as defined in Rule 501 under the Securities Act)) based on their respective aggregate principal amounts of outstanding Term Loans of the applicable Tranche, (<u>v</u>) all documentation in respect of such Permitted Debt Exchange shall be consistent with the foregoing and all written communications generally directed to the Lenders in connection therewith shall be in form and substance consistent with the foregoing and made in consultation with the Administrative Agent and (<u>vi</u>) any applicable Minimum Exchange Tender Condition shall be satisfied. Notwithstanding anything to the contrary herein, no Lender shall have any obligation to agree to have any of its Loans exchanged pursuant to any Permitted Debt Exchange Offer.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) With respect to all Permitted Debt Exchanges effected by the Borrowers pursuant to this <u>Subsection 2.9</u>, (<u>i</u>) such Permitted Debt Exchanges (and the cancellation of the exchanged Term Loans in connection therewith) shall not constitute voluntary or mandatory payments or prepayments for purposes of <u>Subsection 4.4</u> and (<u>ii</u>) such Permitted Debt Exchange Offer shall be made for not less than $10,000,000 in aggregate principal amount of Term Loans (or, in each case, such lower principal amount as agreed to by the Administrative Agent in its reasonable discretion), <u>provided</u> that subject to the foregoing clause (ii), the Borrower Representative may at its election specify as a condition (a "<u>Minimum Exchange Tender Condition</u>") to consummating any such Permitted Debt Exchange that a minimum amount (to be determined and specified in the relevant Permitted Debt Exchange Offer in the Borrower Representative's discretion) of Term Loans be tendered in respect of the relevant Permitted Debt Exchange Offer.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) In connection with each Permitted Debt Exchange, the Borrower Representative shall provide the Administrative Agent at least ten (10) Business Days' (or such shorter period as may be agreed by the Administrative Agent) prior written notice thereof, and the Borrower Representative and the Administrative Agent, acting reasonably, shall mutually agree to such procedures as may be necessary or advisable to accomplish the purposes of this <u>Subsection 2.9</u> and without conflict with <u>Subsection 2.9(d)</u>; <u>provided</u> that the terms of any Permitted Debt Exchange Offer shall provide that the date by which the relevant Lenders are required to indicate their election to participate in such Permitted Debt Exchange shall be not less than five (5) Business Days following the date on which the Permitted Debt Exchange Offer is made (or such shorter period as may be agreed to by the Administrative Agent in its reasonable discretion).

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Each Borrower shall be responsible for compliance with, and hereby agrees to comply with, all applicable securities and other laws in connection with each Permitted Debt Exchange, it being understood and agreed that (<u>x</u>) neither the Administrative Agent nor any Lender assumes any responsibility in connection with any Borrower's compliance with such laws in connection with any Permitted Debt Exchange (other than any Borrower's reliance on any certificate delivered by a Lender pursuant to <u>Subsection 2.9(a</u>) above for which such Lender shall bear sole responsibility) and (<u>y</u>) each Lender shall be solely responsible for its compliance with any applicable "insider trading" laws and regulations to which such Lender may be subject under the Exchange Act.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.10 <u>Extension of Term Loans and Revolving Commitments</u>. (a) The Borrower Representative may at any time and from time to time request that all or a portion of the (<u>i</u>) Term Loans of one or more Tranches (including any Extended Term Loans) existing at the time of such request (each, an "<u>Existing Term Tranche</u>" and the Term Loans of such Existing Term Tranche, the "<u>Existing Term Loans</u>") and (<u>ii</u>) Revolving Commitments of one or more Tranches (including any Extended Revolving Commitments) existing at the time of such request (each, an "<u>Existing Revolving Tranche</u>" and together with the Existing Term Tranches, each an "<u>Existing Tranche</u>", and the Revolving Commitments of such Existing Revolving Tranche, the "<u>Existing Revolving Commitments</u>" and together with the Existing Term Loans, the "<u>Existing Loans</u>"), in each case, be converted to extend the scheduled maturity date(s) of any payment of principal or scheduled termination date(s) of any commitments, as applicable, with respect to all or a portion of any principal or committed amount of any Existing Tranche (any such Existing Tranche which has been so extended, an "<u>Extended Term Tranche</u>" or "<u>Extended Revolving Tranche</u>", as applicable, and each an "<u>Extended Tranche</u>", and the Term Loans or Revolving Commitments, as applicable, of such Extended Tranches, the "<u>Extended Term Loans</u>" or "<u>Extended Revolving Commitments</u>", as applicable, and any Revolving Loans made pursuant to Extended Revolving Commitments, "<u>Extended Revolving Loans</u>", and together with Extended Term Loans, the "<u>Extended Loans</u>") and to provide for other terms consistent with this <u>Subsection 2.10</u>; <u>provided</u> that (<u>i</u>) any such request shall be made by the Borrower Representative to all Lenders with Term Loans or Revolving Commitments, as applicable, with a like maturity date (whether under one or more Tranches) on a pro rata basis (based on the aggregate outstanding principal amount of the applicable Term Loans or on the aggregate amount of applicable Revolving Commitments), and (<u>ii</u>) any applicable Minimum Extension Condition shall be satisfied unless waived by the Borrower Representative. In order to establish any Extended Tranche, the Borrower Representative shall provide a notice to the Administrative Agent (who shall provide a copy of such notice to each of the Lenders of the applicable Existing Tranche) (an "<u>Extension Request</u>") setting forth the proposed terms of the Extended Tranche to be established, which terms shall be identical to those applicable to the Existing Tranche from which they are to be extended (the "<u>Specified Existing Tranche</u>"), except (<u>x</u>) all or any of the final maturity dates of such Extended Tranches may be delayed to later dates than the final maturity dates of the Specified Existing Tranche, (<u>y</u>) (<u>A</u>) the interest margins with respect to the Extended Tranche may be higher or lower than the interest margins for the Specified Existing Tranche and/or (<u>B</u>) additional fees may be payable to the Lenders providing such Extended Tranche in addition to or in lieu of any increased margins contemplated by the preceding clause (A), in each case to the extent provided in the applicable Extension Amendment, and (<u>z</u>) amortization with respect to the Extended Term Tranche may be greater or lesser than amortization for the Specified Existing Tranche, so long as the Extended Term Tranche does not have a weighted

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average life to maturity shorter than the remaining weighted average life to maturity of the Specified Existing Tranche (<u>provided</u> that any applicable Extended Tranche may have an earlier maturity date and/or shorter weighted average life to maturity (<u>1</u>) in the case of customary bridge financings, which, subject to customary conditions (as determined by the Borrower Representative in good faith, which determination shall be conclusive), would either be automatically converted into or required to be exchanged for permanent financing which does not provide for an earlier maturity date or a shorter weighted average life to maturity than the Initial Term Loan Maturity Date or the remaining weighted average life to maturity of the Initial Term Loans, as applicable, (<u>2</u>) pursuant to an escrow or similar arrangement with respect to the proceeds of such Incremental Term Loans or (<u>3</u>) arising on account of any mandatory principal redemption or payment by the Parent Borrower or any Restricted Subsidiary pursuant to an "AHYDO saver" provision, and the Parent Borrower's determination in good faith of the amount of any such "AHYDO saver" mandatory principal redemption or prepayment shall be conclusive and binding for all purposes under this Agreement); <u>provided</u> that, notwithstanding anything to the contrary in this <u>Subsection 2.10</u> or otherwise, assignments and participations of Extended Tranches shall be governed by the same or, at the Borrower Representative's discretion, more restrictive assignment and participation provisions than the assignment and participation provisions applicable to Initial Term Loans and Initial Revolving Commitments, as applicable, set forth in <u>Subsection 11.6</u>. No Lender shall have any obligation to agree to have any of its Existing Loans converted into an Extended Tranche pursuant to any Extension Request. Any Extended Tranche shall constitute a separate Tranche of Term Loans or Revolving Commitments, as applicable, from the Specified Existing Tranches and from any other Existing Tranches (together with any other Extended Tranches so established on such date).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Borrower Representative shall provide the applicable Extension Request at least ten (10) Business Days (or such shorter period as the Administrative Agent may agree in its reasonable discretion) prior to the date on which Lenders under the applicable Existing Tranche(s) are requested to respond. Any Lender (an "<u>Extending Lender</u>") wishing to have all or a portion of its Specified Existing Tranche converted into an Extended Tranche shall notify the Administrative Agent (each, an "<u>Extension Election</u>") on or prior to the date specified in such Extension Request of the amount of its Specified Existing Tranche that it has elected to convert into an Extended Tranche. In the event that the aggregate amount of the Specified Existing Tranche subject to Extension Elections exceeds the amount of Extended Tranches requested pursuant to the Extension Request, the Specified Existing Tranches subject to Extension Elections shall be converted to Extended Tranches on a pro rata basis based on the amount of Specified Existing Tranches included in each such Extension Election. In connection with any extension of Term Loans pursuant to this <u>Subsection 2.10</u> (each, an "<u>Extension</u>"), the Borrower Representative shall agree to such procedures regarding timing, rounding and other administrative adjustments to ensure reasonable administrative management of the credit facilities hereunder after such Extension, as may be established by, or acceptable to, the Administrative Agent, in each case acting reasonably to accomplish the purposes of this <u>Subsection 2.10</u>. The Borrower Representative may amend, revoke or replace an Extension Request pursuant to procedures reasonably acceptable to the Administrative Agent at any time prior to the date (the "<u>Extension Request Deadline</u>") on which Lenders under the applicable Existing Term Tranche or Existing Revolving Tranche are requested to respond to the Extension Request. Any Lender may revoke an Extension Election at any time prior to 5:00 P.M. on the date that is three (3) Business Days prior to

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the Extension Request Deadline, at which point the Extension Election becomes irrevocable (unless otherwise agreed by the Borrower Representative). The revocation of an Extension Election prior to the Extension Request Deadline shall not prejudice any Lender's right to submit a new Extension Election prior to the Extension Request Deadline.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Extended Tranches shall be established pursuant to an amendment (an "<u>Extension Amendment</u>") to this Agreement (which may include amendments to (<u>i</u>) provisions related to maturity, interest margins, fees or amortization referenced in clauses (x) through (z) of <u>Subsection 2.10(a</u>), (<u>ii</u>) the definitions of "Additional Obligations", "Disqualified Stock", "Junior Capital" and "Refinancing Indebtedness" and <u>Subsection 8.8(b)</u> to amend the maturity date and the weighted average life to maturity requirements, from the Initial Term Loan Maturity Date and remaining weighted average life to maturity of the Initial Term Loans to the extended maturity date and the remaining weighted average life to maturity of such Extended Tranche, as applicable and (<u>iii</u>) clause (iii) of the definition of "Additional Obligations" to provide for the applicable mandatory prepayment protections to apply to such Extended Term Tranche, and which in each case, except to the extent expressly contemplated by the third to last sentence of this <u>Subsection 2.10(c)</u> and notwithstanding anything to the contrary set forth in <u>Subsection 11.1</u>, shall not require the consent of any Lender other than the Extending Lenders with respect to the Extended Tranches established thereby) executed by the Loan Parties, the Administrative Agent, and the Extending Lenders. No Extension Amendment shall provide for any Extended Tranche in an aggregate principal amount that is less than $10,000,000 (or, in the case of any Extended Tranche denominated in any Designated Foreign Currency, the Dollar Equivalent thereof) (or, in each case, such lower principal amount as agreed to by the Administrative Agent in its reasonable discretion). Notwithstanding anything to the contrary in this Agreement and without limiting the generality or applicability of <u>Subsection 11.1</u> to any Subsection 2.10 Additional Amendments, any Extension Amendment may provide for additional terms and/or additional amendments other than those referred to or contemplated above (any such additional amendment, a "<u>Subsection 2.10 Additional Amendment</u>") to this Agreement and the other Loan Documents; <u>provided</u> that such Subsection 2.10 Additional Amendments do not become effective prior to the time that such Subsection 2.10 Additional Amendments have been consented to (including pursuant to consents applicable to holders of any Extended Tranches provided for in any Extension Amendment) by such of the Lenders, Loan Parties and other parties (if any) as may be required in order for such Subsection 2.10 Additional Amendments to become effective in accordance with <u>Subsection 11.1</u>; <u>provided</u>, <u>further</u>, that no Extension Amendment may provide for any Extended Tranche to be secured by any Collateral or other assets of any Loan Party that does not also secure the Specified Existing Tranche. It is understood and agreed that each Lender has consented for all purposes requiring its consent, and shall at the effective time thereof be deemed to consent to each amendment to this Agreement and the other Loan Documents authorized by this <u>Subsection 2.10</u> and the arrangements described above in connection therewith except that the foregoing shall not constitute a consent on behalf of any Lender to the terms of any Subsection 2.10 Additional Amendment. In connection with any Extension Amendment, at the request of the Administrative Agent or the Extending Lenders, the Borrower Representative shall deliver an opinion of counsel reasonably acceptable to the Administrative Agent as to the enforceability of this Agreement as amended by such Extension Amendment, and such of the other Loan Documents (if any) as may be amended thereby.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Notwithstanding anything to the contrary contained in this Agreement, on any date on which any Existing Tranche is converted to extend the related scheduled maturity date(s) in accordance with clause (a) above (an "<u>Extension Date</u>"), in the case of the Specified Existing Tranche of each Extending Lender, the aggregate principal amount of such Specified Existing Tranche shall be deemed reduced by an amount equal to the aggregate principal amount of the Extended Tranche resulting from such conversion by such Lender on such date, and such Extended Tranche shall be established as a separate Tranche from the Specified Existing Tranche and from any other Existing Tranches (together with any other Extended Tranches so established on such date).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) If, in connection with any proposed Extension Amendment, any Lender declines to consent to the applicable extension on the terms and by the deadline set forth in the applicable Extension Request (each such other Lender, a "<u>Non-Extending Lender</u>") then the Borrower Representative may, on notice to the Administrative Agent and the Non-Extending Lender, (<u>i</u>) replace such Non-Extending Lender by causing such Lender to (and such Lender shall be obligated to) assign pursuant to <u>Subsection 11.6</u> (with the assignment fee and any other costs and expenses to be paid by the applicable Borrower in such instance) all of its rights and obligations under this Agreement to one or more assignees; <u>provided</u> that neither the Administrative Agent nor any Lender shall have any obligation to the Borrower Representative to find a replacement Lender; <u>provided</u>, <u>further</u>, that the applicable assignee shall have agreed to provide Extended Loans on the terms set forth in such Extension Amendment; and <u>provided</u>, <u>further</u>, that all obligations of the applicable Borrower(s) owing to the Non-Extending Lender relating to the Existing Loans so assigned shall be paid in full by the assignee Lender (or, at its/their option, such Borrower(s)) to such Non-Extending Lender concurrently with the applicable Assignment and Acceptance or (<u>ii</u>) if no Event of Default exists under <u>Subsection 9.1(a)</u> or <u>(f)</u>, upon notice to the Administrative Agent, prepay the Existing Loans and terminate the Existing Revolving Commitments, in whole or in part, subject to <u>Subsection 4.12</u>, without premium or penalty. In connection with any such replacement under this <u>Subsection 2.10</u>, if the Non-Extending Lender does not execute and deliver to the Administrative Agent a duly completed Assignment and Acceptance and/or any other documentation necessary to reflect such replacement by the later of (<u>A</u>) the date on which the replacement Lender executes and delivers such Assignment and Acceptance and/or such other documentation and (<u>B</u>) the date as of which all obligations of the applicable Borrower(s) owing to the Non-Extending Lender relating to the Existing Loans or the Existing Revolving Commitments, as applicable, so assigned shall be paid in full by the assignee Lender (or, at its/their option, such Borrower(s)) to such Non-Extending Lender, then such Non-Extending Lender shall be deemed to have executed and delivered such Assignment and Acceptance and/or such other documentation as of such date, the Administrative Agent shall record such assignment in the Register and the applicable Borrower(s) shall be entitled (but not obligated) to execute and deliver such Assignment and Acceptance and/or such other documentation on behalf of such Non-Extending Lender.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) Following any Extension Date, with the written consent of the Borrower Representative, any Non-Extending Lender may elect to have all or a portion of its Existing Loans deemed to be an Extended Loan under the applicable Extended Tranche on any date (each date a "<u>Designation Date</u>") prior to the maturity date of such Extended Tranche; <u>provided</u> that such Lender shall have provided written notice to the Borrower Representative and the Administrative Agent at

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least ten (10) Business Days prior to such Designation Date (or such shorter period as the Administrative Agent may agree in its reasonable discretion). Following a Designation Date, the Existing Loans held by such Lender so elected to be extended will be deemed to be Extended Loans of the applicable Extended Tranche, and any Existing Loans held by such Lender not elected to be extended, if any, shall continue to be "Existing Loans" of the applicable Tranche.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) With respect to all Extensions consummated by any Borrower(s) pursuant to this <u>Subsection 2.10</u>, (<u>i</u>) such Extensions shall not constitute optional or mandatory payments or prepayments for purposes of <u>Subsection 4.4</u> and (<u>ii</u>) no Extension Request is required to be in any minimum amount or any minimum increment, <u>provided</u> that the Borrower Representative may at its election specify as a condition (a "<u>Minimum Extension Condition</u>") to consummating any such Extension that a minimum amount (to be determined and specified in the relevant Extension Request in the Borrower Representative's sole discretion and which may be waived by the Borrower Representative) of Existing Loans of any or all applicable Tranches be extended. The Administrative Agent and the Lenders hereby consent to the transactions contemplated by this <u>Subsection 2.10</u> (including, for the avoidance of doubt, payment of any interest, fees or premium in respect of any Extended Loans on such terms as may be set forth in the relevant Extension Request) and hereby waive the requirements of any provision of this Agreement (including <u>Subsections 4.4</u> and <u>4.8</u>) or any other Loan Document that may otherwise prohibit any such Extension or any other transaction contemplated by this <u>Subsection 2.10</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.11 <u>Specified Refinancing Facilities</u>. (a) Any Borrower(s) may, from time to time, add one or more new term loan facilities (the "<u>Specified Refinancing Term Loan Facilities</u>") and new revolving credit facilities (the "<u>Specified Refinancing Revolving Facilities</u>", and, together with the Specified Refinancing Term Loan Facilities, the "<u>Specified Refinancing Facilities</u>") to the Facilities to refinance (<u>i</u>) all or any portion of any Tranche of Term Loans then outstanding under this Agreement or (<u>ii</u>) all or any portion of any Tranche of Revolving Loans (or unused Revolving Commitments) under this Agreement; <u>provided</u> that (<u>i</u>) the Specified Refinancing Facilities will not be guaranteed by (<u>x</u>) with respect to Specified Refinancing Facilities of the Parent Borrower, any Subsidiary of the Parent Borrower other than the U.S. Subsidiary Guarantors and (<u>y</u>) with respect to Specified Refinancing Facilities of any Foreign Borrower, any Subsidiary of the Parent Borrower other than the U.S. Subsidiary Guarantors and the Foreign Subsidiary Guarantors that are Subsidiaries of such Foreign Borrower in the same jursidiction as such Foreign Borrower, and will be secured on a *pari passu* or (at the Borrower Representative's option) junior basis by (<u>x</u>) with respect to Specified Refinancing Facilities of the Parent Borrower, the same Collateral securing the Senior Secured Facilities Obligations and (<u>y</u>) with respect to Specified Refinancing Facilities of a Foreign Borrower, the same Collateral securing the Foreign Senior Secured Facilities Obligations of such Foreign Borrower (so long as any applicable Specified Refinancing Amendments (and related Obligations) are subject to the Intercreditor Agreement or an Other Intercreditor Agreement) or (at the Borrower Representative's option) will be unsecured, (<u>ii</u>) the Specified Refinancing Term Loan Facilities and any term loans drawn thereunder (the "<u>Specified Refinancing Term Loans</u>") and Specified Refinancing Revolving Facilities and revolving loans drawn thereunder (the "<u>Specified Refinancing Revolving Loans</u>" and, together with the Specified Refinancing Term Loans, the "<u>Specified Refinancing Loans</u>") shall rank *pari passu* in right of payment with or

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(at the Borrower Representative's option) junior to the Senior Secured Facilities Obligations, (<u>iii</u>) no Specified Refinancing Amendment may provide for any Specified Refinancing Facility or any Specified Refinancing Loans to be secured by any Collateral or other assets (<u>x</u>) with respect to any Specified Refinancing Facility or any Specified Refinancing Loans of the Parent Borrower, of any Loan Party that does not also secure the Senior Secured Facilities Obligations and (<u>y</u>) with respect to any Specified Refinancing Facility or any Specified Refinancing Loans of a Foreign Borrower, of any Loan Party that does not also secure the Foreign Senior Secured Facilities Obligations of such Foreign Borrower, (<u>iv</u>) the Specified Refinancing Facilities will have such pricing, amortization (subject to clause (vi) below) and optional and mandatory prepayment terms as may be agreed by the Borrower Representative and the applicable Lenders thereof, (<u>v</u>) the maturity date of any Specified Refinancing Revolving Facility shall be no earlier than, and no scheduled mandatory commitment reduction in respect thereof shall be required prior to, the Maturity Date of the Tranche of Revolving Loans being refinanced, (<u>vi</u>) the maturity date and the weighted average life to maturity of any Specified Refinancing Term Loan Facility shall be no earlier than or shorter than, as the case may be, the Maturity Date of the Tranche of Term Loans being refinanced or the remaining weighted average life to maturity of the Term Loans being refinanced, as applicable (other than an earlier maturity date and/or shorter weighted average life to maturity (<u>1</u>) for customary bridge financings, which, subject to customary conditions (as determined by the Borrower Representative in good faith, which determination shall be conclusive), would either be automatically converted into or required to be exchanged for permanent financing which does not provide for an earlier maturity date or a shorter weighted average life to maturity than the Maturity Date of the Tranche of Term Loans being refinanced or the remaining weighted average life to maturity of the Term Loans being refinanced, as applicable, (<u>2</u>) pursuant to an escrow or similar arrangement with respect to the proceeds of such Incremental Term Loans or (<u>3</u>) arising on account of any mandatory principal redemption or payment by the Parent Borrower or any Restricted Subsidiary pursuant to an "AHYDO saver" provision, and the Parent Borrower's determination in good faith of the amount of any such "AHYDO saver" mandatory principal redemption or prepayment shall be conclusive and binding for all purposes under this Agreement), (<u>vii</u>) the Net Cash Proceeds of such Specified Refinancing Facility shall be applied, substantially concurrently with the incurrence thereof, to the pro rata prepayment of outstanding Loans being so refinanced (and, in the case of Revolving Loans, a corresponding amount of Revolving Commitments shall be permanently reduced), in each case pursuant to <u>Subsection 4.4</u> (including prepayments made with an exchange of Rollover Indebtedness under the applicable Specified Refinancing Facility as provided for in the final sentence of <u>Subsection 4.4(g)</u>), and (<u>viii</u>) the Specified Refinancing Facilities shall not have a principal or commitment amount greater than the Loans or Commitments being refinanced <u>plus</u> the aggregate amount of all fees, underwriting discounts, premiums and other costs and expenses (including accrued and unpaid interest) incurred or payable in connection with such refinancing.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Each request from the Borrower Representative pursuant to this <u>Subsection 2.11</u> shall set forth the requested amount and proposed terms of the relevant Specified Refinancing Facility. The Specified Refinancing Facilities (or any portion thereof) may be made by any existing Lender or by any other bank or financial institution (any such bank or other financial institution, an "<u>Additional Specified Refinancing Lender</u>", and the Additional Specified Refinancing Lenders together with any existing Lender providing Specified Refinancing Facilities, the "<u>Specified</u> 

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 <u>Refinancing Lenders</u>"); <u>provided</u> that if such Additional Specified Refinancing Lender is not already a Lender hereunder or an Affiliate of a Lender hereunder or an Approved Fund, the consent of the Administrative Agent and (in the case of a Specified Refinancing Revolving Facility) the consent of the Swing Line Lender (if any) or any Issuing Bank (in each case, such consent not to be unreasonably withheld, conditioned or delayed) shall be required.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Specified Refinancing Facilities shall become facilities under this Agreement pursuant to a Specified Refinancing Amendment to this Agreement and, as appropriate, the other Loan Documents, executed by the Borrowers and each applicable Specified Refinancing Lender. Any Specified Refinancing Amendment may, without the consent of any other Lender, effect such amendments to any Loan Documents as may be necessary or appropriate, in the opinion of the Borrower Representative and the Administrative Agent, to effect the provisions of this <u>Subsection 2.11</u>, in each case on terms consistent with this <u>Subsection</u> <u>2.11</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Any loans made in respect of any such Specified Refinancing Facility shall be made by creating a new Tranche. Each Specified Refinancing Facility made available pursuant to this <u>Subsection 2.11</u> shall be in a minimum aggregate amount of at least $10,000,000 and in integral multiples of $5,000,000 in excess thereof (or, in the case of any Specified Refinancing Facility denominated in any Designated Foreign Currency, the Dollar Equivalent thereof) (or, in each case, such lower minimum amounts or multiples as agreed to by the Administrative Agent in its reasonable discretion). Any Specified Refinancing Amendment may provide for the issuance of Letters of Credit and Bankers' Acceptances for the account of the Borrowers or any Restricted Subsidiary, or the provision to the Parent Borrower of Swing Line Loans, pursuant to any Specified Refinancing Revolving Facility established thereby; <u>provided</u> that no Issuing Bank or Swing Line Lender shall be obligated to provide any such Letters of Credit, Bankers' Acceptances or Swing Line Loans unless it has consented (in its sole discretion) to the applicable Specified Refinancing Amendment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) The Administrative Agent shall promptly notify each Lender as to the effectiveness of each Specified Refinancing Amendment. Each of the parties hereto hereby agrees that, upon the effectiveness of any Specified Refinancing Amendment, this Agreement shall be deemed amended to the extent (but only to the extent) necessary or appropriate to reflect the existence and terms of the Specified Refinancing Facilities incurred pursuant thereto (including the addition of such Specified Refinancing Facilities as separate "Facilities" and "Tranches" hereunder and treated in a manner consistent with the Facilities being refinanced, including for purposes of prepayments and voting). Any Specified Refinancing Amendment may, without the consent of any Person other than the Borrower Representative, the Administrative Agent (such consent not to be unreasonably withheld, conditioned or delayed) and the Lenders providing such Specified Refinancing Facilities, effect such amendments to this Agreement and the other Loan Documents as may be necessary or appropriate, in the reasonable opinion of the Administrative Agent and the Borrower Representative, to effect the provisions of this <u>Subsection</u> <u>2.11</u>. In addition, if so provided in the relevant Specified Refinancing Amendment and with the consent of each Issuing Bank (not to be unreasonably withheld, conditioned or delayed), participations in Letters of Credit and Bankers' Acceptances expiring on or after the scheduled Maturity Date in respect of the respective Tranche of Revolving Loans or commitments shall be reallocated from Lenders holding Revolving Commitments to Lenders holding commitments

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under Specified Refinancing Revolving Facilities in accordance with the terms of such Specified Refinancing Amendment; <u>provided</u>, <u>however</u>, that such participation interests shall, upon receipt thereof by the relevant Lenders holding commitments under such Specified Refinancing Revolving Facilities, be deemed to be participation interests in respect of such commitments under such Specified Refinancing Revolving Facilities and the terms of such participation interests (including the commission applicable thereto) shall be adjusted accordingly.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.12 <u>[Reserved]</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.13 <u>Designated Borrowers</u>. (a) The Borrower Representative may at any time, upon (<u>i</u>) not less than thirty (30) days' notice from the Borrower Representative to the Administrative Agent (or such shorter period as may be agreed by the Administrative Agent in its sole discretion) and (<u>ii</u>) receipt of the Administrative Agent's and each Revolving Lenders' prior written consent, designate any Restricted Subsidiary of the Parent Borrower (an "<u>Applicant Borrower</u>") as a Designated Borrower to receive Revolving Loans hereunder by delivering to the Administrative Agent (which shall promptly deliver counterparts thereof to each Lender) a duly executed notice and agreement in substantially the form of <u>Exhibit V</u> (a "<u>Designated Borrower Request and Assumption Agreement</u>"). The parties hereto acknowledge and agree that prior to any Applicant Borrower becoming entitled to utilize the credit facilities provided for herein the Administrative Agent shall have received such supporting resolutions, incumbency certificates, Organizational Documents, Security Documents, opinions of counsel and other documents or information (including, without limitation, information with respect to the Patriot Act and Sanctions), in form, content and scope reasonably satisfactory to the Administrative Agent, as may be required by the Administrative Agent in its sole discretion, and Notes signed by such new Borrowers to the extent any Revolving Lenders so require. If the Administrative Agent and the Revolving Lenders agree that an Applicant Borrower shall be entitled to receive Revolving Loans hereunder, then promptly following receipt of all such requested resolutions, incumbency certificates, Security Documents, opinions of counsel and other documents or information, the Administrative Agent shall send a notice in substantially the form of <u>Exhibit W</u> to the Borrower Representative and the Revolving Lenders specifying the effective date upon which the Applicant Borrower shall constitute a Designated Borrower for purposes hereof, whereupon each of the Revolving Lenders agrees to permit such Designated Borrower to receive Revolving Loans hereunder, on the terms and conditions set forth herein, and each of the parties agrees that such Designated Borrower otherwise shall be a Borrower for all purposes of this Agreement; <u>provided</u> that no borrowing request may be submitted by or on behalf of such Designated Borrower until the date that is five (5) Business Days after such effective date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Obligations of the Parent Borrower and each Designated Borrower that is a Domestic Subsidiary shall be joint and several in nature. The Obligations of the German Borrower and all Designated Borrowers that are Foreign Subsidiaries shall be several in nature.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Each Subsidiary of the Parent Borrower that is or becomes a "Designated Borrower" pursuant to this <u>Subsection 2.13</u> hereby irrevocably appoints the Borrower Representative as its agent for all purposes relevant to this Agreement and each of the other Loan Documents, including (<u>i</u>) the giving and receipt of notices, (<u>ii</u>) the execution and delivery of all documents,

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instruments and certificates contemplated herein and all modifications hereto, and (<u>iii</u>) the receipt of the proceeds of any Revolving Loans made by the Revolving Lenders to any such Designated Borrower hereunder. Any acknowledgment, consent, direction, certification or other action which might otherwise be valid or effective only if given or taken by all Borrowers, or by each Borrower acting singly, shall be valid and effective if given or taken only by the Parent Borrower, whether or not any such other Borrower joins therein. Any notice, demand, consent, acknowledgement, direction, certification or other communication delivered to the Borrower Representative in accordance with the terms of this Agreement shall be deemed to have been delivered to each Designated Borrower.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The Borrower Representative may from time to time, upon not less than fifteen (15) days' notice from the Borrower Representative to the Administrative Agent (or such shorter period as may be agreed by the Administrative Agent in its sole discretion), terminate a Designated Borrower's status as such; <u>provided</u> that there are no outstanding Revolving Loans payable by such Designated Borrower, or other amounts payable by such Designated Borrower on account of any Loans made to it, as of the effective date of such termination. No Designated Borrower shall cease to be a Restricted Subsidiary of the Parent Borrower or be designated as an Unrestricted Subsidiary unless such Designated Borrower's status as such is terminated in accordance with the foregoing sentence (including, for the avoidance of doubt, the condition that there are no outstanding Revolving Loans payable by such Designated Borrower, or other amounts payable by such Designated Borrower on account of any Loans made to it, as of the effective date of such termination). The Administrative Agent will promptly notify the Lenders of any such termination of a Designated Borrower's status.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) Notwithstanding the above, any Revolving Lender that may not legally lend to, establish credit for the account of and/or do any business whatsoever with, such Designated Borrower shall notify the Borrower Representative and the Administrative Agent in writing that such Revolving Lender will not provide any Revolving Loans to such Designated Borrower.

SECTION 3

<u>[Reserved]</u> 

SECTION 4

<u>General Provisions Applicable to Loans</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.1 <u>Interest Rates and Payment Dates</u>. (a) [Reserved].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Each Base Rate Loan shall bear interest for each day that it is outstanding at a rate per annum equal to the Base Rate in effect for such day <u>plus</u> the Applicable Margin for Base Rate Loans in effect for such day.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) [Reserved].

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Each Canadian Prime Rate Loan shall bear interest for each day that it is outstanding at a rate per annum equal to the Canadian Prime Rate in effect for such day <u>plus</u> the Applicable Margin for Canadian Prime Rate Loans in effect for such day.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) Each Term Benchmark Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the applicable Relevant Rate determined for such day <u>plus</u> the Applicable Margin for relevant Term Benchmark Loans in effect for such day.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) Each RFR Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the applicable Relevant Rate determined for such day <u>plus</u> the Applicable Margin for relevant RFR Loans in effect for such day.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) If all or a portion of (<u>i</u>) the principal amount of any Loan, (<u>ii</u>) any interest payable thereon or (<u>iii</u>) any other amount payable hereunder shall not be paid when due (whether at the Stated Maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum which is (<u>x</u>) in the case of overdue principal, the rate that would otherwise be applicable thereto pursuant to the relevant foregoing provisions of this <u>Subsection 4.1</u>, <u>plus</u> 2.00% and (<u>y</u>) in the case of other amounts (including overdue interest), the rate described in clause (b) of this <u>Subsection 4.1</u> for Base Rate Loans accruing interest at the Base Rate, <u>plus</u> 2.00%, in each case from the date of such nonpayment until such overdue amount is paid in full (after as well as before judgment); <u>provided</u> that (<u>1</u>) no amount shall be payable pursuant to this <u>Subsection 4.1(g)</u> to a Defaulting Lender so long as such Lender shall be a Defaulting Lender and (<u>2</u>) no amounts shall accrue pursuant to this <u>Subsection 4.1(g)</u> on any overdue amount or other amount payable to a Defaulting Lender so long as such Lender shall be a Defaulting Lender.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) Interest shall be payable in arrears on each Interest Payment Date, <u>provided</u> that interest accruing pursuant to clause (g) of this <u>Subsection 4.1</u> shall be payable from time to time on demand exercised in accordance with <u>Subsection 9.2</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) It is the intention of the parties hereto to comply strictly with applicable usury laws; accordingly, it is stipulated and agreed that the aggregate of all amounts which constitute interest under applicable usury laws, whether contracted for, charged, taken, reserved, or received, in connection with the indebtedness evidenced by this Agreement or any Notes, or any other document relating or referring hereto or thereto, now or hereafter existing, shall never exceed under any circumstance whatsoever the maximum amount of interest allowed by applicable usury laws.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) The rates of interest under this Agreement are nominal rates, and not effective rates or yields. The principle of deemed reinvestment of interest does not apply to any interest calculation under this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.2 <u>Conversion and Continuation Options</u>. (a) Subject to its obligations pursuant to <u>Subsection 4.12(c)</u>, the Borrower Representative may elect from time to time (<u>x</u>) to convert outstanding Loans of a given Tranche denominated in Dollars from Term Benchmark Loans to Base Rate Loans or (<u>y</u>) to convert outstanding Loans of a given Tranche denominated in Canadian Dollars

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from Term Benchmark Loans to Canadian Prime Rate Loans, in each case by the Borrower Representative giving the Administrative Agent irrevocable notice of such election prior to 1:00 P.M., New York City time two (2) Business Days (or such shorter period as may be agreed by the Administrative Agent in its reasonable discretion) prior to such election. The Borrower Representative may elect from time to time (<u>x</u>) to convert outstanding Loans of a given Tranche from Base Rate Loans to Term Benchmark Loans or (<u>y</u>) to convert outstanding Loans of a given Tranche denominated in Canadian Dollars from Canadian Prime Rate Loans to Term Benchmark Loans, in each case by the Borrower Representative giving the Administrative Agent irrevocable notice of such election prior to 1:00 P.M., New York City time at least three (3) Business Days (or four (4) Business Days if such Tranche is denominated in a Designated Foreign Currency) (or such shorter period as may be agreed by the Administrative Agent in its reasonable discretion) prior to such election. Any such notice of conversion to Term Benchmark Loans shall specify the length of the initial Interest Period or Interest Periods therefor. Upon receipt of any such notice, the Administrative Agent shall promptly notify each affected Lender thereof. All or any part of (<u>x</u>) outstanding Term Benchmark Loans denominated in Dollars or Base Rate Loans or (<u>y</u>) outstanding Term Benchmark Loans denominated in Canadian Dollars or Canadian Prime Rate Loans may be converted as provided herein, <u>provided</u> that (<u>i</u>) (unless the Required Lenders otherwise consent) no Loan may be converted into a Term Benchmark Loan when any Default or Event of Default has occurred and is continuing and, in the case of any Default (other than a Default under <u>Subsection 9.1(f)</u>), the Administrative Agent has given notice to the Borrower Representative that no such conversions may be made and (<u>ii</u>) no Loan may be converted into a Term Benchmark Loan after the date that is one (1) month prior to the applicable Maturity Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Any Term Benchmark Loan or RFR Loan may be continued as such upon the expiration of the then current Interest Period with respect thereto by the Borrower Representative giving notice to the Administrative Agent of the length of the next Interest Period to be applicable to such Term Benchmark Loan or RFR Loan, determined in accordance with the applicable provisions of the term "<u>Interest Period</u>" set forth in <u>Subsection 1.1</u>, <u>provided</u> that no Term Benchmark Loan denominated in Dollars or Canadian Dollars may be continued as such (<u>i</u>) (unless the Required Lenders otherwise consent) when any Default or Event of Default has occurred and is continuing and, in the case of any Default (other than a Default under <u>Subsection 9.1(f)</u>), the Administrative Agent has given notice to the Borrower Representative that no such continuations may be made or (<u>ii</u>) after the date that is one (1) month prior to the applicable Maturity Date, and <u>provided</u>, <u>further</u>, that (<u>i</u>) with respect to Loans denominated in Dollars or Canadian Dollars, if the Borrower Representative shall fail to give any required notice as described above in this clause (b) or if such continuation is not permitted pursuant to the preceding proviso, such Term Benchmark Loans shall be automatically converted to Base Rate Loans or Canadian Prime Rate Loans, as applicable, on the last day of such then expiring Interest Period and (<u>ii</u>) with respect to Loans denominated in any Designated Foreign Currency (other than Canadian Dollars), if the Borrower Representative shall fail to give any required notice as described above in this clause (b), such Term Benchmark Loans or RFR Loans shall be automatically continued as Term Benchmark Loans with an Interest Period of one (1) month. Upon receipt of any such notice of continuation pursuant to this <u>Subsection 4.2(b)</u>, the Administrative Agent shall promptly notify each affected Lender thereof.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.3 <u>Minimum Amounts; Maximum Sets</u>. All borrowings, conversions and continuations of Loans hereunder and all selections of Interest Periods hereunder shall be in such amounts and be made pursuant to such elections so that, after giving effect thereto, the aggregate principal amount of the Term Benchmark Loans or RFR Loans, as applicable, outstanding comprising each Set shall be equal to $2,000,000 or a whole multiple of $500,000 in excess thereof (or, in the case of any such Loans denominated in any Designated Foreign Currency, the Dollar Equivalent thereof) (<u>provided</u> that, notwithstanding the foregoing (<u>x</u>) any Loan may be borrowed in an amount equal to the aggregate amount of the Commitments in respect of such Loan and (<u>y</u>), any Loan may be converted or continued in its entirety), and so that there shall not be more than twenty (20) Sets at any one time outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.4 <u>Optional and Mandatory Prepayments</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Each Borrower may at any time and from time to time prepay the Term Loans made to it, in whole or in part, subject to Subsection 4.12, without premium or penalty (except as provided in Subsection 4.5(b)), upon notice by the Borrower Representative to the Administrative Agent prior to 1:00 P.M., New York City time at least three (3) Business Days (or such shorter period as may be agreed by the Administrative Agent in its reasonable discretion) prior to the date of prepayment (in the case of Term Benchmark Loans), or prior to 12:00 P.M., New York City time at least one (1) Business Day (or such later time as may be agreed by the Administrative Agent in its reasonable discretion) prior to the date of prepayment (in the case of Base Rate Loans or Canadian Prime Rate Loans). Such notice shall specify, in the case of any prepayment of Term Loans, the applicable Tranche being repaid, and if a combination thereof, the principal amount allocable to each, the date and amount of prepayment, the currency of the Term Loans to be prepaid and whether the prepayment is of Term Benchmark Loans, Base Rate Loans or Canadian Prime Rate Loans or a combination thereof, and, in each case if a combination thereof, the principal amount allocable to each. Any such notice may state that such notice is conditioned upon the occurrence or non-occurrence of any event specified therein (including the effectiveness of other credit facilities), in which case such notice may be revoked by the Borrower Representative (by written notice to the Administrative Agent on or prior to the specified effective date) if such condition is not satisfied. Upon the receipt of any such notice the Administrative Agent shall promptly notify each affected Lender thereof. If any such notice is given and not revoked, the amount specified in such notice shall be due and payable on the date specified therein, together with (if a Term Benchmark Loan (other than in Dollars) is prepaid other than at the end of the Interest Period applicable thereto) any amounts payable pursuant to Subsection 4.12. Partial prepayments pursuant to this Subsection 4.4(a) shall be in whole multiples of at least approximately $1,000,000 (or, in the case of Term Loans outstanding in any Designated Foreign Currency, an aggregate principal amount the Dollar Equivalent of which is at least approximately $1,000,000); provided that, notwithstanding the foregoing, any Term Loan may be prepaid in its entirety. Each prepayment of Initial Term Loans pursuant to this Subsection 4.4(a) made on or prior to the date that is six (6) months after the Closing Date in an amount equal to the Net Cash Proceeds received by the Parent Borrower or any Restricted Subsidiary from its incurrence of new Indebtedness in a Repricing Transaction shall be accompanied by the payment of the fee required by Subsection 4.5(b).

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Optional Prepayment of Revolving Loans</u>. Each Borrower may at any time and from time to time prepay the Revolving Loans made to it and the Reimbursement Obligations in respect of Letters of Credit issued and Bankers' Acceptances created for its account in whole or in part, subject to Subsection 4.12, without premium or penalty, upon notice by the Borrower Representative to the Administrative Agent prior to 1:00 P.M., New York City time at least three (3) Business Days (or four (4) Business Days if such prepayment is of a Borrowing denominated in a Designated Foreign Currency) (or such shorter period as may be agreed by the Administrative Agent in its reasonable discretion) prior to the date of prepayment (in the case of Term Benchmark Loans or RFR Loans), or prior to 12:00 P.M., New York City time at least one (1) Business Day (or such shorter period as may be agreed by the Administrative Agent in its reasonable discretion) prior to the date of prepayment (in the case of Base Rate Loans, Canadian Prime Rate Loans or Reimbursement Obligations). Such notice shall specify the date and amount of prepayment, the currency of the Revolving Loans to be prepaid and whether the prepayment is (i) of Initial Revolving Loans, Incremental Revolving Loans, Extended Revolving Loans, Specified Refinancing Revolving Loans or Swing Line Loans, or a combination thereof, and (ii) of Term Benchmark Loans, RFR Loans, Base Rate Loans, Canadian Prime Rate Loans or a combination thereof and, in each case, if a combination thereof, the principal amount allocable to each and, in the case of any prepayment of Reimbursement Obligations, the date and amount of prepayment, the identity of the applicable Letters of Credit or Bankers' Acceptances and the amount allocable to each of such Reimbursement Obligations. Any such notice may state that such notice is conditioned upon the occurrence or non-occurrence of any event specified therein (including the effectiveness of other credit facilities), in which case such notice may be revoked by the Borrower Representative (by written notice to the Administrative Agent on or prior to the specified effective date) if such condition is not satisfied. Upon the receipt of any such notice, the Administrative Agent shall promptly notify each affected Lender thereof. If any such notice is given and not revoked, the amount specified in such notice shall be due and payable on the date specified therein, together with (if a Term Benchmark Loan (other than in Dollars) or RFR Loan is prepaid other than at the end of the Interest Period applicable thereto) any amounts payable pursuant to Subsection 4.12. Partial prepayments of the Revolving Loans and the Reimbursement Obligations pursuant to this Subsection 4.4(b) shall (unless the Borrower Representative otherwise directs) be applied, first, to payment of the Swing Line Loans then outstanding, second, to payment of the Revolving Loans then outstanding, third, to payment of any Reimbursement Obligations then outstanding and, last, to cash collateralize any outstanding L/C-B/A Obligation on terms reasonably satisfactory to the applicable Issuing Bank. Partial prepayments of Revolving Loans pursuant to this Subsection 4.4(b) shall be in whole multiples of $1,000,000 (or, in the case of Revolving Loans outstanding in any Designated Foreign Currency, an aggregate principal amount the Dollar Equivalent of which is at least approximately $1,000,000); provided that, notwithstanding the foregoing, any Loan may be prepaid in its entirety.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Termination or Reduction of Revolving Commitments</u>. The Borrower Representative shall have the right, upon not less than three (3) Business Days' (or such shorter period as may be agreed by the Administrative Agent in its reasonable discretion) notice to the Administrative Agent (which will promptly notify the Lenders thereof), to terminate the Initial Revolving Commitments, Incremental Revolving Commitments of any Tranche, the Extended Revolving Commitments of any Tranche or the Specified Refinancing Revolving Commitments of any Tranche

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or, from time to time, to reduce the amount of Initial Revolving Commitments, Incremental Revolving Commitments of any Tranche, Extended Revolving Commitments of any Tranche or Specified Refinancing Revolving Commitments of any Tranche; <u>provided</u> that no such termination or reduction shall be permitted if, after giving effect thereto and to any prepayments of the Revolving Loans and Swing Line Loans made on the effective date thereof, the Dollar Equivalent of the aggregate principal amount of the Revolving Loans and Swing Line Loans then outstanding, when added to the sum of the then outstanding L/C-B/A Obligations, would exceed the Revolving Commitments then in effect; and <u>provided</u>, <u>further</u>, that notwithstanding anything to the contrary in this Agreement, the Borrower Representative may condition such notice upon the occurrence or non-occurrence of any event specified therein (including the effectiveness of other credit facilities), in which case such notice may be revoked by the Borrower Representative (by written notice to the Administrative Agent on or prior to the specified effective date) if such condition is not satisfied. Any such reduction shall be in an amount equal to $5,000,000 or a whole multiple of $1,000,000 in excess thereof and shall reduce permanently the applicable Revolving Commitments then in effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>Prepayment of Swing Line Loans</u>. The Parent Borrower shall prepay all Swing Line Loans then outstanding simultaneously with each borrowing by it of Revolving Loans. Upon the incurrence by the Parent Borrower or any Restricted Subsidiary of any Specified Refinancing Revolving Loans, the Borrowers shall prepay an aggregate principal amount of the Tranche of Revolving Loans being refinanced in an amount equal to 100.0% of all Net Cash Proceeds received therefrom promptly (and in any event within five (5) Business Days) following receipt thereof by the Parent Borrower or such Restricted Subsidiary.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) <u>Mandatory Prepayment of Term Loans</u>. (<u>i</u>) The applicable Borrower shall, in accordance with <u>Subsection 4.4(g)</u>, prepay the applicable Term Loans to the extent required by <u>Subsection 8.4(b)</u> (subject to <u>Subsection 8.4(c)</u>), (<u>ii</u>) if on or after the Closing Date, the Parent Borrower or any of its Restricted Subsidiaries shall Incur (<u>A</u>) Specified Refinancing Term Loans or (<u>B</u>) Indebtedness for borrowed money (excluding Indebtedness permitted pursuant to <u>Subsection</u> <u>8.1</u>), the applicable Borrower shall, in accordance with <u>Subsection 4.4(g)</u>, prepay (or, exchange for Rollover Indebtedness) the applicable Term Loans (or, in the case of the Incurrence of any Specified Refinancing Term Loans, the Tranche of Term Loans being refinanced) in an amount equal to 100.0% of the Net Cash Proceeds thereof (plus any portion of such Indebtedness which represents Rollover Indebtedness) <u>minus</u> the portion of such Net Cash Proceeds applied or offered (to the extent the Parent Borrower or any of its Subsidiaries is required by the terms thereof) to prepay, repay or purchase Pari Passu Indebtedness on a no more than pro rata basis with the Term Loans, in each case with such prepayment to be made on or before the fifth (5th) Business Day following notice given to each Lender of the Prepayment Date, as contemplated by <u>Subsection 4.4(h)</u> and (<u>iii</u>) the applicable Borrower shall, in accordance with <u>Subsection 4.4(g)</u>, prepay the applicable Term Loans within five (5) Business Days following the day on which financial statements in respect of the immediately preceding fiscal year were required to be delivered pursuant to <u>Subsection 7.1(a)</u> (commencing with the fiscal year ending on or about March 31, 2027) (each, an "<u>ECF Payment Date</u>"), in an amount equal to (<u>A</u>) (<u>1</u>) 50.0% (as may be adjusted pursuant to the last proviso of this clause (iii)) of the Parent Borrower's Excess Cash Flow for such fiscal year, if and to the extent that the amount of such Excess Cash Flow exceeds the greater of $65,000,000 and 15.0% of Four Quarter Consolidated EBITDA, <u>minus</u> (<u>2</u>) the sum of

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(<u>v</u>) the aggregate amount of cash consideration (including any expenses, charges and losses in the form of earn-out obligations and contingent consideration obligations (including to the extent accounted for as performance and retention bonuses, compensation or otherwise) and adjustments thereof and purchase price adjustments) paid by the Parent Borrower and the Restricted Subsidiaries (on a consolidated basis) in connection with Investments (including acquisitions) made during such fiscal year and during the period beginning with the day following the last day of such fiscal year and ending on the applicable ECF Payment Date, constituting "Permitted Investments" (other than Permitted Investments of the type described in clause (iii) of the definition thereof and intercompany Investments by and among the Parent Borrower and its Restricted Subsidiaries) or made pursuant to <u>Subsection 8.2</u> (which, in any event, shall not include any Contract Consideration previously deducted pursuant to clause (z) below), (<u>w</u>) the amount of Capital Expenditures either made in cash or accrued during such fiscal year (<u>provided</u> that, whether any such Capital Expenditures shall be deducted for the fiscal year in which cash payments for such Capital Expenditures have been paid or the fiscal year in which such Capital Expenditures have been accrued shall be at the Borrower Representative's election; <u>provided</u>, <u>further</u> that, in no case shall any accrual of a Capital Expenditure which has previously been deducted under this clause (w) give rise to a subsequent deduction upon the making of such Capital Expenditure in cash in the same or any subsequent fiscal year) (which, in any event, shall not include any Capital Expenditures previously deducted pursuant to clause (z) below), (<u>x</u>) the aggregate principal amount of Term Loans (including Incremental Term Loans, Extended Term Loans and Specified Refinancing Term Loans) prepaid pursuant to <u>Subsection 4.4(a)</u>, Revolving Loans (including Incremental Revolving Loans, Extended Revolving Loans and Specified Refinancing Revolving Loans) prepaid pursuant to <u>Subsection 4.4(b)</u> to the extent accompanied by a corresponding permanent Revolving Commitment reduction, the Other Secured Debt voluntarily prepaid, repaid, repurchased or retired, Pari Passu Indebtedness (in the case of revolving loans, to the extent accompanied by a corresponding permanent commitment reduction) voluntarily prepaid, repaid, repurchased or retired and any prepayment of Term Loans (including Incremental Term Loans, Extended Term Loans and Specified Refinancing Term Loans) pursuant to <u>Subsection 4.4(l)</u> or <u>11.6(h)</u> (<u>provided</u> that such deduction for prepayments pursuant to <u>Subsection 4.4(l)</u> or <u>11.6(h)</u> shall be limited to the actual cash amount of such prepayment), in each case during such fiscal year (which, in any event, shall not include any designated prepayment pursuant to clause (y) below), (<u>y</u>) the aggregate principal amount of Term Loans (including Incremental Term Loans, Extended Term Loans and Specified Refinancing Term Loans) prepaid pursuant to <u>Subsection 4.4(a)</u>, Revolving Loans (including Incremental Revolving Loans, Extended Revolving Loans and Specified Refinancing Revolving Loans) prepaid pursuant to <u>Subsection 4.4(b)</u> to the extent accompanied by a corresponding permanent Revolving Commitment reduction, the Other Secured Debt voluntarily prepaid, repaid, repurchased or retired, Pari Passu Indebtedness (in the case of revolving loans, to the extent accompanied by a corresponding permanent commitment reduction) voluntarily prepaid, repaid, repurchased or retired and any prepayment of Term Loans (including Incremental Term Loans, Extended Term Loans and Specified Refinancing Term Loans) pursuant to <u>Subsection 4.4(l)</u> or <u>11.6(h)</u> (<u>provided</u> that such deduction for prepayments pursuant to <u>Subsection 4.4(l)</u> or <u>11.6(h)</u> shall be limited to the actual cash amount of such prepayment), in each case during the period beginning with the day following the last day of such fiscal year and ending on the applicable ECF Payment Date and stated by the Borrower Representative as prepaid pursuant to this <u>Subsection 4.4(e)(iii)</u> and (<u>z</u>) at the Borrower Representative's election, without duplication of amounts deducted from Excess Cash Flow

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pursuant to this <u>Subsection</u> <u>4.4(e)(iii)</u><u>(A)</u><u>(2)</u> in respect of prior fiscal years, the aggregate consideration required to be paid in cash by the Parent Borrower or any of the Restricted Subsidiaries pursuant to binding contracts (the "<u>Contract Consideration</u>") entered into prior to or during such fiscal year, <u>provided</u> that to the extent the aggregate amount of cash actually utilized to finance such Investments and Capital Expenditures during such period of four (4) consecutive fiscal quarters is less than the Contract Consideration, the amount of such shortfall shall be added to the calculation of Excess Cash Flow at the end of such period of four (4) consecutive fiscal quarters (<u>provided</u> that, except as otherwise specified herein, no prepayments made pursuant to the other clauses of this <u>Subsection 4.4(e)</u> shall be included in <u>Subsection 4.4(e)(iii)(A)(2)(v)</u>, <u>(w)</u>, <u>(x)</u>, <u>(y)</u> or <u>(z)</u>), in each case, excluding prepayments funded with proceeds from the Incurrence of Funded Debt (the amount described in this clause (A), the "<u>ECF Prepayment Amount</u>") <u>minus</u> (<u>B</u>) the portion of such ECF Prepayment Amount applied or offered (to the extent the Parent Borrower or any of its Subsidiaries is required by the terms thereof) to prepay, repay or purchase Pari Passu Indebtedness on no more than a pro rata basis with the Term Loans; <u>provided</u> that such percentage in clause (1) above shall be reduced to (<u>x</u>) 25.0% if the Consolidated First Lien Leverage Ratio as of the last day of the immediately preceding fiscal year was less or equal to than 4.50:1.00 and (<u>y</u>) 0% if the Consolidated First Lien Leverage Ratio as of the last day of the immediately preceding fiscal year was less than or equal to 4.00:1.00. Nothing in this <u>Subsection 4.4(e)</u> shall limit the rights of the Agents and the Lenders set forth in <u>Section</u> <u>9</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) In the event that, on any date the Administrative Agent calculates that the Aggregate Outstanding Revolving Credit with respect to all of the Lenders (including the Swing Line Lender) exceeds the aggregate Revolving Commitments then in effect (other than any excess of less than 5.0% of the aggregate principal amount of the Revolving Loans then outstanding occurring by reason of changes in exchange rates; it being understood and agreed that no Default or Event of Default shall arise hereunder or under any Loan Document merely as a result of the occurrence of such excess), the Administrative Agent will give notice to such effect to the Borrower Representative and the Lenders. Following receipt of any such notice, the Borrowers will, as soon as practicable but in any event within five (5) Business Days of receipt of such notice, <u>first</u>, make such repayments or prepayments of Loans (together with interest accrued to the date of such repayment or prepayment), <u>second</u>, pay any Reimbursement Obligations then outstanding and, <u>third</u>, cash collateralize any outstanding L/C-B/A Obligations on terms reasonably satisfactory to the applicable Issuing Bank as shall be necessary to cause the Aggregate Outstanding Revolving Credit with respect to all of the Lenders (including the Swing Line Lender) to no longer exceed the aggregate Revolving Commitments then in effect. If any such repayment or prepayment of a Term Benchmark Loan or RFR Loan pursuant to this <u>Subsection 4.4(f)</u> occurs on a day which is not the last day of the then current Interest Period with respect thereto, the Borrowers shall pay to the Lenders such amounts, if any, as may be required pursuant to <u>Subsection</u> <u>4.12</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) Subject to the last sentence of <u>Subsection 4.4(h)</u> and <u>Subsection 4.4(k)</u>, each prepayment of Term Loans pursuant to <u>Subsection 4.4(e)</u> (other than a prepayment with the proceeds of Specified Refinancing Term Loans) shall be allocated pro rata among the Initial Term Loans, the Incremental Term Loans, the Extended Term Loans and the Specified Refinancing Term Loans; <u>provided</u> that, at the request of the Borrower Representative, in lieu of such application on a pro rata basis among all Tranches of Term Loans, such prepayment may be applied to any Tranche of Term

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Loans so long as the maturity date of such Tranche of Term Loans precedes the maturity date of each other Tranche of Term Loans then outstanding or, in the event more than one Tranche of Term Loans shall have an identical maturity date that precedes the maturity date of each other Tranche of Term Loans then outstanding, to such Tranches on a pro rata basis. Each prepayment of Term Loans pursuant to <u>Subsection 4.4(a)</u> shall be applied within each applicable Tranche of Term Loans to the respective installments of principal thereof in the manner directed by the Borrower Representative (or, if no such direction is given, in direct order of maturity). Each prepayment of Term Loans pursuant to <u>Subsection 4.4(e)</u> shall be applied within each applicable Tranche of Term Loans, <u>first</u>, to any Base Rate Loans within such Tranche and, <u>second</u>, to any Term Benchmark Loans or RFR Loans in such Tranche. Notwithstanding any other provision of this <u>Subsection 4.4</u>, a Lender may, at its option, and if agreed by the Borrower Representative, in connection with any prepayment of Term Loans pursuant to <u>Subsection 4.4(a)</u> or <u>(e)</u>, exchange such Lender's portion of the Term Loan to be prepaid for Rollover Indebtedness, in lieu of such Lender's pro rata portion of such prepayment (and any such Term Loans so exchanged shall be deemed repaid for all purposes under the Loan Documents).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) The Borrower Representative shall give notice to the Administrative Agent of any mandatory prepayment of the Term Loans (<u>x</u>) pursuant to <u>Subsection 4.4(e)(iii)</u>, three (3) Business Days prior to the date on which such payment is due and (<u>y</u>) pursuant to any other provision of <u>Subsection 4.4(e)</u>, promptly (and in any event within five (5) Business Days) upon becoming obligated to make such prepayment. Such notice shall state that the Borrowers are offering to make or will make such mandatory prepayment (<u>i</u>) in the case of mandatory prepayments pursuant to <u>Subsection 4.4(e)(i)</u>, on or before the date specified in <u>Subsection 8.4(b)</u> and (<u>ii</u>) in the case of mandatory prepayments pursuant to any other clause of <u>Subsection 4.4(e)</u>, on or before the date specified in such clause, as the case may be (each, a "<u>Prepayment Date</u>"). Subject to the following sentence, once given, such notice shall be irrevocable and all amounts subject to such notice shall be due and payable on the Prepayment Date (except as otherwise provided in the last sentence of this <u>Subsection 4.4(h)</u>). Any such notice of prepayment pursuant to <u>Subsection 4.4(e)</u> may state that such notice is conditioned upon the occurrence or non-occurrence of any event specified therein (including the effectiveness of other credit facilities), in which case such notice may be revoked by the Borrower Representative (by written notice to the Administrative Agent, on or prior to the specified effective date) if such condition is not satisfied. Upon receipt by the Administrative Agent of such notice, the Administrative Agent shall immediately give notice to each Lender of the prepayment and the Prepayment Date. The Borrower Representative (in its sole discretion) may give each Lender the option (in its sole discretion) to elect to decline any such prepayment (other than a prepayment pursuant to <u>Subsection 4.4(e)(ii)</u>, except as otherwise provided for in the last sentence of <u>Subsection 4.4(g)</u>) by giving notice of such election in writing to the Administrative Agent by 11:00 A.M., New York City time, on the date that is three (3) Business Days (or such shorter period as may be agreed by the Administrative Agent in its reasonable discretion) prior to the Prepayment Date. Upon receipt by the Administrative Agent of such notice, the Administrative Agent shall immediately notify the Borrower Representative of such election. Any amount so declined by any Lender (the "<u>Term Loan Declined Amount</u>") may, at the option of the Borrower Representative, be applied to the payment or prepayment of Indebtedness, including any Junior Debt, or otherwise be retained by the Parent Borrower and its Restricted Subsidiaries and/or applied by the Parent Borrower or any of its Restricted Subsidiaries in any manner not inconsistent with this Agreement.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Without limitation of <u>Subsections 2.8</u> and <u>8.1(b)(i)</u>, amounts prepaid on account of Term Loans pursuant to <u>Subsection 4.4(a)</u>, <u>(e)</u> or <u>(l)</u> may not be reborrowed.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) Notwithstanding the foregoing provisions of this <u>Subsection 4.4</u>, if at any time any prepayment of Loans pursuant to <u>Subsection 4.4(a)</u>, <u>(b)</u> or <u>(e)</u> would result, after giving effect to the procedures set forth in this Agreement, in the Borrowers incurring breakage costs under <u>Subsection 4.12</u> as a result of Term Benchmark Loans (other than in Dollars) or RFR Loans being prepaid other than on the last day of an Interest Period with respect thereto, then, the Borrowers may, so long as no Default or Event of Default shall have occurred and be continuing, in their sole discretion, initially (<u>i</u>) deposit a portion (up to 100.0%) of the amounts that otherwise would have been paid in respect of such Term Benchmark Loans or RFR Loans with the Administrative Agent (which deposit must be equal in amount to the amount of such Term Benchmark Loans or RFR Loans not immediately prepaid), to be held as security for the obligations of the Borrowers to make such prepayment pursuant to a cash collateral agreement to be entered into on terms reasonably satisfactory to the Administrative Agent with such cash collateral to be directly applied upon the first occurrence thereafter of the last day of an Interest Period with respect to such Term Benchmark Loans or RFR Loans (or such earlier date or dates as shall be requested by the Borrower Representative) or (<u>ii</u>) make a prepayment of Loans in accordance with <u>Subsection 4.4(a)</u> or <u>(b)</u> with an amount equal to a portion (up to 100.0%) of the amounts that otherwise would have been paid in respect of such Term Benchmark Loans or RFR Loans (which prepayment, together with any deposits pursuant to clause (i) above, must be equal in amount to the amount of such Term Benchmark Loans or RFR Loans not immediately prepaid); <u>provided</u> that, in the case of either clause (i) or (ii) above, such unpaid Term Benchmark Loans or RFR Loans shall continue to bear interest in accordance with <u>Subsection 4.1</u> until such unpaid Term Benchmark Loans or RFR Loans or the related portion of such Term Benchmark Loans or RFR Loans, as the case may be, have or has been prepaid. In addition, if the Borrower Representative determines in good faith, which determination shall be conclusive, that repatriating any amounts attributable to Foreign Subsidiaries that are required to be applied to prepay Term Loans pursuant to <u>Subsection 4.4(e)(i)</u> or <u>4.4(e)(iii)</u> (<u>x</u>) would result in material adverse tax consequences to the Parent Borrower or any of its Subsidiaries or (<u>y</u>) (<u>1</u>) would reasonably be expected to be prohibited or delayed by or violate or conflict with applicable local law, (<u>2</u>) is restricted by applicable organizational documents or any agreement, (<u>3</u>) is subject to other organizational or administrative impediments from being repatriated to the United States or (<u>4</u>) conflicts with the fiduciary duties of the applicable directors, or results in, or would reasonably be expected to result in, a material risk of personal or criminal liability for any applicable officer, director or manager, then, in each case the Borrowers shall not be required to prepay such amounts as required thereunder, and such amounts may be retained by the applicable Foreign Subsidiary; <u>provided</u> that, in the case of this clause (y), the Borrowers shall take commercially reasonable actions to cause the applicable Foreign Subsidiary to take all actions reasonably required by the applicable local law, the applicable organizational documents or agreements, the applicable organizational impediments or other impediment to permit repatriation of the proceeds subject to such prepayments.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) Notwithstanding anything to the contrary herein, this <u>Subsection 4.4</u> may be amended (and the Lenders hereby irrevocably authorize the Administrative Agent to enter into any such amendments) to the extent necessary to reflect differing amounts payable, and priorities of payments, to Lenders participating in any new classes or tranches of Term Loans added pursuant to <u>Subsection 2.8</u>, <u>2.10</u>, <u>2.11</u> or <u>11.1(h)</u>, as applicable, or pursuant to any other credit or letter of credit facility added pursuant to <u>Subsection 2.8</u> or <u>11.1(e)</u>.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l) Notwithstanding anything in any Loan Document to the contrary, so long as no Event of Default under <u>Subsection 9.1(a)</u> or <u>(f)</u> has occurred and is continuing, the Borrowers may prepay the outstanding Term Loans on the following basis:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) The Borrowers shall have the right to make a voluntary prepayment of Term Loans at a discount to par (such prepayment, the "<u>Discounted Term Loan Prepayment</u>") pursuant to a Borrower Offer of Specified Discount Prepayment, a Borrower Solicitation of Discount Range Prepayment Offers, or a Borrower Solicitation of Discounted Prepayment Offers, in each case made in accordance with this <u>Subsection 4.4(l)</u>; <u>provided</u> that the Borrower Representative shall not initiate any action under this <u>Subsection 4.4(l)</u> with respect to a Borrower in order to make a Discounted Term Loan Prepayment unless (<u>1</u>) at least ten (10) Business Days shall have passed since the consummation of the most recent Discounted Term Loan Prepayment as a result of a prepayment made by such Borrower on the applicable Discounted Prepayment Effective Date (or such shorter period as agreed to by the Administrative Agent in its reasonable discretion) or (<u>2</u>) at least three (3) Business Days shall have passed since the date the Borrower Representative was notified that no Lender was willing to accept any prepayment of any Term Loan at the Specified Discount, within the Discount Range or at any discount to par value, as applicable, or in the case of a Borrower Solicitation of Discounted Prepayment Offers, the date of the Borrower Representative's election not to accept any Solicited Discounted Prepayment Offers made by a Lender (or such shorter period as agreed to by the Administrative Agent in its reasonable discretion). Each Lender participating in any Discounted Term Loan Prepayment acknowledges and agrees that in connection with such Discounted Term Loan Prepayment, (<u>1</u>) the applicable Borrower then may have, and later may come into possession of, information regarding the Term Loans or the Loan Parties hereunder that is not known to such Lender and that may be material to a decision by such Lender to participate in such Discounted Term Loan Prepayment ("<u>Excluded Information</u>"), (<u>2</u>) such Lender has independently and, without reliance on the Parent Borrower, any of its Subsidiaries, the Administrative Agent or any of their respective Affiliates, has made its own analysis and determination to participate in such Discounted Term Loan Prepayment notwithstanding such Lender's lack of knowledge of the Excluded Information and (<u>3</u>) none of the Parent Borrower, its Subsidiaries, the Administrative Agent, or any of their respective Affiliates shall have any liability to such Lender, and such Lender hereby waives and releases, to the extent permitted by law, any claims such Lender may have against the Parent Borrower, its Subsidiaries, the Administrative Agent, and their respective Affiliates, under applicable laws or otherwise, with respect to the nondisclosure of the Excluded Information. Each Lender participating in any Discounted Term Loan Prepayment further acknowledges that the Excluded Information may not be available to the Administrative Agent or the other Lenders. Any Term Loans prepaid pursuant to this <u>Subsection 4.4(l)</u> shall be immediately and automatically cancelled.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) <u>Borrower Offer of Specified Discount Prepayment</u>. (1) The Borrower Representative may from time to time offer to make a Discounted Term Loan Prepayment by providing the Administrative Agent with three (3) Business Days' (or such shorter period as may be agreed by the Administrative Agent in its reasonable discretion) notice in the form of a Specified Discount Prepayment Notice; <u>provided</u> that (<u>I</u>) any such offer shall be made available, at the sole discretion of the Borrower Representative, to each Lender or to each Lender with respect to any Tranche on an individual Tranche basis, (<u>II</u>) any such offer shall specify the aggregate Outstanding Amount offered to be prepaid (the "<u>Specified Discount Prepayment Amount</u>"), the Tranches of Term Loans subject to such offer and the specific percentage discount to par value (the "<u>Specified Discount</u>") of the Outstanding Amount of such Term Loans to be prepaid and the Borrower or Borrowers that will make such prepayment, (<u>III</u>) the Specified Discount Prepayment Amount shall be in whole multiples of at least approximately $1,000,000 (or such lower minimum amounts or multiples as agreed to by the Administrative Agent in its reasonable discretion), and (<u>IV</u>) each such offer shall remain outstanding through the Specified Discount Prepayment Response Date. The Administrative Agent will promptly provide each relevant Lender with a copy of such Specified Discount Prepayment Notice and a form of the Specified Discount Prepayment Response to be completed and returned by each such Lender to the Administrative Agent (or its delegate) by no later than 5:00 P.M., New York City time, on the third (3rd) Business Day after the date of delivery of such notice to the relevant Lenders (or such later date designated by the Administrative Agent and approved by the Borrower Representative) (the "<u>Specified Discount Prepayment Response Date</u>").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Each relevant Lender receiving such offer shall notify the Administrative Agent (or its delegate) by the Specified Discount Prepayment Response Date whether or not it agrees to accept a prepayment of any of its relevant then outstanding Term Loans at the Specified Discount and, if so (such accepting Lender, a "<u>Discount Prepayment Accepting Lender</u>"), the amount of such Lender's Outstanding Amount and Tranches of Term Loans to be prepaid at such offered discount. Each acceptance of a Discounted Term Loan Prepayment by a Discount Prepayment Accepting Lender shall be irrevocable. Any Lender whose Specified Discount Prepayment Response is not received by the Administrative Agent by the Specified Discount Prepayment Response Date shall be deemed to have declined to accept such Borrower Offer of Specified Discount Prepayment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) If there is at least one Discount Prepayment Accepting Lender, the applicable Borrower will make prepayment of outstanding Term Loans pursuant to this <u>Subsection 4.4(l)(ii)</u> to each Discount Prepayment Accepting Lender in accordance with the respective Outstanding Amount and Tranches of Term Loans specified in such Lender's Specified Discount Prepayment Response given pursuant to the foregoing clause (2); <u>provided</u> that, if the aggregate Outstanding Amount of Term Loans accepted for prepayment by all Discount Prepayment Accepting Lenders exceeds the Specified Discount

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Prepayment Amount, such prepayment shall be made pro rata among the Discount Prepayment Accepting Lenders in accordance with the respective Outstanding Amounts accepted to be prepaid by each such Discount Prepayment Accepting Lender and the Administrative Agent (in consultation with the Borrower Representative and subject to rounding requirements of the Administrative Agent made in its reasonable discretion) will calculate such proration (the "<u>Specified Discount Proration</u>"). The Administrative Agent shall promptly, and in any case within three (3) Business Days following the Specified Discount Prepayment Response Date, notify (<u>I</u>) the Borrower Representative of the respective Lenders' responses to such offer, the Discounted Prepayment Effective Date and the aggregate Outstanding Amount of the Discounted Term Loan Prepayment and the Tranches to be prepaid, (<u>II</u>) each Lender of the Discounted Prepayment Effective Date, and the aggregate Outstanding Amount and the Tranches of all Term Loans to be prepaid at the Specified Discount on such date, and (<u>III</u>) each Discount Prepayment Accepting Lender of the Specified Discount Proration, if any, and confirmation of the Outstanding Amount, Tranche and Type of Term Loans of such Lender to be prepaid at the Specified Discount on such date. Each determination by the Administrative Agent of the amounts stated in the foregoing notices to the Borrower Representative and Lenders shall be conclusive and binding for all purposes absent manifest error. The payment amount specified in such notice to the Borrower Representative shall be due and payable by the applicable Borrower on the Discounted Prepayment Effective Date in accordance with <u>Subsection 4.4(l)(vi)</u> below (subject to <u>Subsection 4.4(l)(x)</u> below).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) <u>Borrower Solicitation of Discount Range Prepayment Offers</u>. (1) The Borrower Representative may from time to time solicit Discount Range Prepayment Offers by providing the Administrative Agent with three (3) Business Days' (or such shorter period as may be agreed by the Administrative Agent in its reasonable discretion) notice in the form of a Discount Range Prepayment Notice; <u>provided</u> that (<u>I</u>) any such solicitation shall be extended, at the sole discretion of the Borrower Representative, to each Lender or to each Lender with respect to any Tranche on an individual Tranche basis, (<u>II</u>) any such notice shall specify the maximum aggregate Outstanding Amount of the relevant Term Loans that the applicable Borrower is willing to prepay at a discount (the "<u>Discount Range Prepayment Amount</u>"), the Tranches of Term Loans subject to such offer and the maximum and minimum percentage discounts to par (the "<u>Discount Range</u>") of the Outstanding Amount of such Term Loans willing to be prepaid by the applicable Borrower, (<u>III</u>) the Discount Range Prepayment Amount shall be in whole multiples of at least approximately $1,000,000 (or such lower minimum amounts or multiples as agreed to by the Administrative Agent in its reasonable discretion), and (<u>IV</u>) each such solicitation by the Borrower Representative shall remain outstanding through the Discount Range Prepayment Response Date. The Administrative Agent will promptly provide each relevant Lender with a copy of such Discount Range Prepayment Notice and a form of the Discount Range Prepayment Offer to be submitted by a responding relevant Lender to the Administrative Agent (or its delegate) by no later than 5:00

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P.M., New York City time, on the third (3rd) Business Day after the date of delivery of such notice to the relevant Lenders (or such later date as may be designated by the Administrative Agent and approved by the Borrower Representative) (the "<u>Discount</u> <u>Range Prepayment Response Date</u>"). Each relevant Lender's Discount Range Prepayment Offer shall be irrevocable and shall specify a discount to par within the Discount Range (the "<u>Submitted Discount</u>") at which such Lender is willing to allow prepayment of any or all of its then outstanding Term Loans and the maximum aggregate Outstanding Amount and Tranches of such Term Loans such Lender is willing to have prepaid at the Submitted Discount (the "<u>Submitted Amount</u>"). Any Lender whose Discount Range Prepayment Offer is not received by the Administrative Agent by the Discount Range Prepayment Response Date shall be deemed to have declined to accept a Discounted Term Loan Prepayment of any of its Term Loans at any discount to their par value within the Discount Range.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) The Administrative Agent shall review all Discount Range Prepayment Offers received by it by the Discount Range Prepayment Response Date and will determine (in consultation with the Borrower Representative and subject to rounding requirements of the Administrative Agent made in its reasonable discretion) the Applicable Discount and Term Loans to be prepaid at such Applicable Discount in accordance with this <u>Subsection 4.4(l)(iii)</u>. The applicable Borrower agrees to accept on the Discount Range Prepayment Response Date all Discount Range Prepayment Offers received by Administrative Agent by the Discount Range Prepayment Response Date, in the order from the Submitted Discount that is the largest discount to par to the Submitted Discount that is the smallest discount to par, up to and including the Submitted Discount that is the smallest discount to par within the Discount Range (such Submitted Discount that is the smallest discount to par being referred to as the "<u>Applicable Discount</u>") which yields a Discounted Term Loan Prepayment in an aggregate Outstanding Amount equal to the lesser of (<u>I</u>) the Discount Range Prepayment Amount and (<u>II</u>) the sum of all Submitted Amounts. Each Lender that has submitted a Discount Range Prepayment Offer to accept prepayment at a discount to par that is larger than or equal to the Applicable Discount shall be deemed to have irrevocably consented to prepayment of Term Loans equal to its Submitted Amount (subject to any required proration pursuant to the following <u>Subsection 4.4(l)(iii)(3)</u>) at the Applicable Discount (each such Lender, a "<u>Participating Lender</u>").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) If there is at least one Participating Lender, the applicable Borrower will prepay the respective outstanding Term Loans of each Participating Lender in the aggregate Outstanding Amount and of the Tranches specified in such Lender's Discount Range Prepayment Offer at the Applicable Discount; <u>provided</u> that if the Submitted Amount by all Participating Lenders offered at a discount to par greater than the Applicable Discount exceeds the Discount Range Prepayment Amount, prepayment of the Outstanding Amount of the relevant Term Loans for those Participating Lenders whose Submitted Discount

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is a discount to par greater than or equal to the Applicable Discount (the "<u>Identified Participating Lenders</u>") shall be made pro rata among the Identified Participating Lenders in accordance with the Submitted Amount of each such Identified Participating Lender and the Administrative Agent (in consultation with the Borrower Representative and subject to rounding requirements of the Administrative Agent made in its reasonable discretion) will calculate such proration (the "<u>Discount Range Proration</u>"). The Administrative Agent shall promptly, and in any case within three Business Days following the Discount Range Prepayment Response Date, notify (<u>w</u>) the Borrower Representative of the respective Lenders' responses to such solicitation, the Discounted Prepayment Effective Date, the Applicable Discount, and the aggregate Outstanding Amount of the Discounted Term Loan Prepayment and the Tranches to be prepaid, (<u>x</u>) each Lender of the Discounted Prepayment Effective Date, the Applicable Discount, and the aggregate Outstanding Amount and Tranches of all Term Loans to be prepaid at the Applicable Discount on such date, (<u>y</u>) each Participating Lender of the aggregate Outstanding Amount and Tranches of such Lender to be prepaid at the Applicable Discount on such date, and (<u>z</u>) if applicable, each Identified Participating Lender of the Discount Range Proration. Each determination by the Administrative Agent of the amounts stated in the foregoing notices to the Borrower Representative and Lenders shall be conclusive and binding for all purposes absent manifest error. The payment amount specified in such notice to the Borrower Representative shall be due and payable by such applicable Borrower on the Discounted Prepayment Effective Date in accordance with <u>Subsection 4.4(l)(vi)</u> below (subject to <u>Subsection 4.4(l)(x)</u> below).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) <u>Borrower Solicitation of Discounted Prepayment Offers</u>. (1) The Borrower Representative may from time to time solicit Solicited Discounted Prepayment Offers by providing the Administrative Agent with three (3) Business Days' (or such shorter period as may be agreed by the Administrative Agent in its reasonable discretion) notice in the form of a Solicited Discounted Prepayment Notice; <u>provided</u> that (<u>I</u>) any such solicitation shall be extended, at the sole discretion of the Borrower Representative, to each Lender or to each Lender with respect to any Tranche on an individual Tranche basis, (<u>II</u>) any such notice shall specify the maximum aggregate Outstanding Amount of the Term Loans and the Tranches of Term Loans the applicable Borrower is willing to prepay at a discount (the "<u>Solicited Discounted Prepayment Amount</u>"), (<u>III</u>) the Solicited Discounted Prepayment Amount shall be in an aggregate principal amount not less than $5,000,000 and whole increments of $500,000 in excess thereof (or such lower minimum amounts or multiples as agreed to by the Administrative Agent in its reasonable discretion), and (<u>IV</u>) each such solicitation by the Borrower Representative shall remain outstanding through the Solicited Discounted Prepayment Response Date. The Administrative Agent will promptly provide each relevant Lender with a copy of such Solicited Discounted Prepayment Notice and a form of the Solicited Discounted Prepayment Offer to be submitted by a responding Lender to the Administrative Agent (or its delegate) by no later than 5:00 P.M., New York City time on the third (3rd)

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Business Day after the date of delivery of such notice to the relevant Lenders (or such later date as may be designated by the Administrative Agent and approved by the Borrower Representative) (the "<u>Solicited Discounted Prepayment Response Date</u>"). Each Lender's Solicited Discounted Prepayment Offer shall (<u>x</u>) be irrevocable, (<u>y</u>) remain outstanding until the Acceptance Date, and (<u>z</u>) specify both a discount to par (the "<u>Offered</u> <u>Discount</u>") at which such Lender is willing to allow prepayment of its then outstanding Term Loans and the maximum aggregate Outstanding Amount and Tranches of such Term Loans (the "<u>Offered Amount</u>") such Lender is willing to have prepaid at the Offered Discount. Any Lender whose Solicited Discounted Prepayment Offer is not received by the Administrative Agent by the Solicited Discounted Prepayment Response Date shall be deemed to have declined prepayment of any of its Term Loans at any discount to their par value.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) The Administrative Agent shall promptly provide the Borrower Representative with a copy of all Solicited Discounted Prepayment Offers received by it by the Solicited Discounted Prepayment Response Date. The Borrower Representative shall review all such Solicited Discounted Prepayment Offers and select, at its sole discretion, the smallest of the Offered Discounts specified by the relevant responding Lenders in the Solicited Discounted Prepayment Offers that the applicable Borrower is willing to accept (the "<u>Acceptable Discount</u>"), if any; <u>provided</u> that the Acceptable Discount shall not be an Offered Discount that is larger than the smallest Offered Discount for which the sum of all Offered Amounts affiliated with Offered Discounts that are larger than or equal to such smallest Offered Discount would, if purchased at such smallest Offered Discount, yield an amount at least equal to the Solicited Discounted Prepayment Amount. If the Borrower Representative elects to accept any Offered Discount as the Acceptable Discount, then as soon as practicable after the determination of the Acceptable Discount, but in no event later than by the third Business Day after the date of receipt by the Borrower Representative from the Administrative Agent of a copy of all Solicited Discounted Prepayment Offers pursuant to the first sentence of this clause (2) (the "<u>Acceptance Date</u>"), the Borrower Representative shall submit an Acceptance and Prepayment Notice to the Administrative Agent setting forth the Acceptable Discount. If the Administrative Agent shall fail to receive an Acceptance and Prepayment Notice from the Borrower Representative by the Acceptance Date, the Borrower Representative shall be deemed to have rejected all Solicited Discounted Prepayment Offers.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) Based upon the Acceptable Discount and the Solicited Discounted Prepayment Offers received by Administrative Agent by the Solicited Discounted Prepayment Response Date, within three (3) Business Days after receipt of an Acceptance and Prepayment Notice (the "<u>Discounted Prepayment Determination Date</u>"), the Administrative Agent will determine (in consultation with the Borrower Representative and subject to rounding requirements of the

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Administrative Agent made in its reasonable discretion) the aggregate Outstanding Amount and the Tranches of Term Loans (the "<u>Acceptable Prepayment Amount</u>") to be prepaid by the applicable Borrower at the Acceptable Discount in accordance with this <u>Subsection</u> <u>4.4(l)(iv)</u>. If the Borrower Representative elects to accept any Acceptable Discount, then the applicable Borrower agrees to accept all Solicited Discounted Prepayment Offers received by the Administrative Agent by the Solicited Discounted Prepayment Response Date, in the order from largest Offered Discount to smallest Offered Discount, up to and including the Acceptable Discount. Each Lender that has submitted a Solicited Discounted Prepayment Offer to accept prepayment at an Offered Discount that is greater than or equal to the Acceptable Discount shall be deemed to have irrevocably consented to prepayment of Term Loans equal to its Offered Amount (subject to any required proration pursuant to the following sentence) at the Acceptable Discount (each such Lender, a "<u>Qualifying Lender</u>"). The applicable Borrower will prepay outstanding Term Loans pursuant to this <u>Subsection 4.4(l)(iv)</u> to each Qualifying Lender in the aggregate Outstanding Amount and of the Tranches specified in such Lender's Solicited Discounted Prepayment Offer at the Acceptable Discount; <u>provided</u> that if the aggregate Offered Amount by all Qualifying Lenders whose Offered Discount is greater than or equal to the Acceptable Discount exceeds the Solicited Discounted Prepayment Amount, prepayment of the Outstanding Amount of the Term Loans for those Qualifying Lenders whose Offered Discount is greater than or equal to the Acceptable Discount (the "<u>Identified Qualifying Lenders</u>") shall be made pro rata among the Identified Qualifying Lenders in accordance with the Offered Amount of each such Identified Qualifying Lender and the Administrative Agent (in consultation with the Borrower Representative and subject to rounding requirements of the Administrative Agent made in its reasonable discretion) will calculate such proration (the "<u>Solicited Discount Proration</u>"). On or prior to the Discounted Prepayment Determination Date, the Administrative Agent shall promptly notify (<u>w</u>) the Borrower Representative of the Discounted Prepayment Effective Date and Acceptable Prepayment Amount comprising the Discounted Term Loan Prepayment and the Tranches to be prepaid, (<u>x</u>) each Lender of the Discounted Prepayment Effective Date, the Acceptable Discount, and the Acceptable Prepayment Amount of all Term Loans and the Tranches to be prepaid at the Applicable Discount on such date, (<u>y</u>) each Qualifying Lender of the aggregate Outstanding Amount and the Tranches of such Lender to be prepaid at the Acceptable Discount on such date, and (<u>z</u>) if applicable, each Identified Qualifying Lender of the Solicited Discount Proration. Each determination by the Administrative Agent of the amounts stated in the foregoing notices to the Borrower Representative and Lenders shall be conclusive and binding for all purposes absent manifest error. The payment amount specified in such notice to the Borrower Representative shall be due and payable by the applicable Borrower on the Discounted Prepayment Effective Date in accordance with <u>Subsection 4.4(l)(vi)</u> below (subject to <u>Subsection 4.4(l)(x)</u> below).

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) <u>Expenses</u>. In connection with any Discounted Term Loan Prepayment, the applicable Borrower and the Lenders acknowledge and agree that the Administrative Agent may require as a condition to any Discounted Term Loan Prepayment, the payment of reasonable and documented out-of-pocket costs and expenses from the applicable Borrower in connection therewith.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) <u>Payment</u>. If any Term Loan is prepaid in accordance with <u>Subsections</u> <u>4.4(l)(ii)</u> through <u>(iv)</u> above, the applicable Borrower shall prepay such Term Loans on the Discounted Prepayment Effective Date. The applicable Borrower shall make such prepayment to the Administrative Agent, for the account of the Discount Prepayment Accepting Lenders, Participating Lenders, or Qualifying Lenders, as applicable, at the Administrative Agent's Office in the applicable currency and in immediately available funds not later than 11:00 A.M., New York City time, on the Discounted Prepayment Effective Date and all such prepayments shall be applied to the remaining principal installments of the Term Loans in inverse order of maturity. The Term Loans so prepaid shall be accompanied by all accrued and unpaid interest on the par principal amount so prepaid up to, but not including, the Discounted Prepayment Effective Date. Each prepayment of the outstanding Term Loans pursuant to this <u>Subsection 4.4(l)</u> shall be paid to the Discount Prepayment Accepting Lenders, Participating Lenders, or Qualifying Lenders, as applicable. The aggregate Outstanding Amount of the Tranches of the Term Loans outstanding shall be deemed reduced by the full par value of the aggregate Outstanding Amount of the Tranches of Term Loans prepaid on the Discounted Prepayment Effective Date in any Discounted Term Loan Prepayment. The Lenders hereby agree that, in connection with a prepayment of Term Loans pursuant to this <u>Subsection 4.4(l)</u> and notwithstanding anything to the contrary contained in this Agreement, (<u>i</u>) interest in respect of the Term Loans may be made on a non-pro rata basis among the Lenders holding such Term Loans to reflect the payment of accrued interest to certain Lenders as provided in this <u>Subsection 4.4(l)(vi)</u> and (<u>ii</u>) all subsequent prepayments and repayments of the Term Loans (except as otherwise contemplated by this Agreement) shall be made on a pro rata basis among the respective Lenders based upon the then outstanding principal amounts of the Term Loans then held by the respective Lenders after giving effect to any prepayment pursuant to this <u>Subsection 4.4(l)</u> as if made at par. It is also understood and agreed that prepayments pursuant to this <u>Subsection 4.4(l)</u> shall not be subject to <u>Subsection 4.4(a)</u>, or, for the avoidance of doubt, <u>Subsection 11.7(a)</u> or the pro rata allocation requirements of <u>Subsection 4.8(a)</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) <u>Other Procedures</u>. To the extent not expressly provided for herein, each Discounted Term Loan Prepayment shall be consummated pursuant to procedures consistent with the provisions in this <u>Subsection 4.4(l)</u>, established by the Administrative Agent acting in its reasonable discretion and as reasonably agreed by the Borrower Representative.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii) <u>Notice</u>. Notwithstanding anything in any Loan Document to the contrary, for purposes of this <u>Subsection 4.4(l)</u>, each notice or other communication required to be delivered or otherwise provided to the Administrative Agent (or its delegate) shall be deemed to have been given upon the Administrative Agent's (or its delegate's) actual receipt during normal business hours of such notice or communication; <u>provided</u> that any notice or communication actually received outside of normal business hours shall be deemed to have been given as of the opening of business on the next Business Day.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ix) <u>Actions of Administrative Agent</u>. Each of the Borrowers and the Lenders acknowledge and agree that the Administrative Agent may perform any and all of its duties under this <u>Subsection 4.4(l)</u> by itself or through any Affiliate of the Administrative Agent and expressly consent to any such delegation of duties by the Administrative Agent to such Affiliate and the performance of such delegated duties by such Affiliate. The exculpatory provisions in this Agreement shall apply to each Affiliate of the Administrative Agent and its respective activities in connection with any Discounted Term Loan Prepayment provided for in this <u>Subsection 4.4(l)</u> as well as to activities of the Administrative Agent in connection with any Discounted Term Loan Prepayment provided for in this <u>Subsection 4.4(l)</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(x) <u>Revocation</u>. The Borrower Representative shall have the right, by written notice to the Administrative Agent, to revoke in full (but not in part) its offer to make a Discounted Term Loan Prepayment and rescind the applicable Specified Discount Prepayment Notice, Discount Range Prepayment Notice or Solicited Discounted Prepayment Notice therefor at its discretion at any time on or prior to the applicable Specified Discount Prepayment Response Date (and if such offer is so revoked, any failure by the applicable Borrower to make any prepayment to a Lender pursuant to this <u>Subsection 4.4(l)</u> shall not constitute a Default or Event of Default under <u>Subsection 9.1</u> or otherwise).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xi) <u>No Obligation</u>. This <u>Subsection 4.4(l)</u> shall not (<u>i</u>) require the Borrowers to undertake any prepayment pursuant to this <u>Subsection 4.4(l)</u> or (<u>ii</u>) limit or restrict the Borrowers from making voluntary prepayments of the Term Loans in accordance with the other provisions of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m) Notwithstanding anything in any Loan Document to the contrary, in the event that on or after the Closing Date the Royal Divestiture is consummated, the Parent Borrower (or any Subsidiary, as the case may be) shall, within two Business Days of such Royal Divestiture, prepay the Term Loans at par in an amount equal to 100.0% of the net cash proceeds from such Royal Divestiture; provided however that if the Royal Divestiture occurs on or prior to April 30, 2026, then such prepayment shall be at a price equal to the Issue Amount. The prepayment of Term Loans pursuant to this <u>Subsection 4.4(m)</u> shall be applied *first* pro rata among the Initial Term Loans and *second* pro rata among any other Term Loans.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.5 <u>Administrative Agent</u><u>'</u><u>s Fee; Other Fees</u>. (a) The Parent Borrower agrees to pay to the Administrative Agent the fees set forth under the heading "Administrative Agent Fees" of the Fee Letter with respect to the Facilities on the payment dates set forth therein.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) If, on or prior to the date that is six (6) months after the Closing Date, the Borrowers make (<u>x</u>) an optional prepayment or (<u>y</u>) a mandatory prepayment pursuant to <u>Subsection</u> <u>4.4(e)(ii)(A)</u>, in each case of the precedent clauses (x) and (y), of all or a portion of such Initial Term Loans in an amount equal to the Net Cash Proceeds received by the Parent Borrower or any Restricted Subsidiary from its incurrence of new Indebtedness in a Repricing Transaction with respect to the Initial Term Loans, the Parent Borrower shall pay to the Administrative Agent, for the ratable account of each applicable Lender, a prepayment premium of 1.0% of the aggregate principal amount of such Initial Term Loans being prepaid. If, on or prior to the date that is six (6) months after the Closing Date (in the case of Initial Term Loans), any Lender is replaced pursuant to <u>Subsection 11.1(g)</u> in connection with any amendment of this Agreement (including in connection with any refinancing transaction permitted under <u>Subsection</u> <u>11.6(g)</u> to replace such Initial Term Loans) that results in a Repricing Transaction, such Lender (and not any Person who replaces such Lender pursuant to <u>Subsection 2.10(e)</u> or <u>11.1(g)</u>) shall receive a fee equal to 1.0% of the principal amount of such Initial Term Loans of such Lender assigned to a replacement Lender pursuant to <u>Subsection 2.10(e)</u> or <u>11.1(g)</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The Borrowers, as applicable, agree to pay, or cause to be paid, to the Administrative Agent, for the account of each Lender, a commitment fee for the period from and including the first day of the applicable Revolving Commitment Period to the applicable Maturity Date, computed at the Applicable Commitment Fee Percentage on the average daily amount of the Available Revolving Commitment of such Lender during the period for which payment is made, payable quarterly in arrears on the fifteenth day following the end of each fiscal quarter of the Parent Borrower, and on the applicable Maturity Date, or such earlier date as the Revolving Commitments shall terminate as provided herein, commencing on June 30, 2026. For purposes of calculating the commitment fee under this <u>Subsection 4.5(c)</u>, the Dollar Equivalent of any Revolving Loans, undrawn Letters of Credit or Bankers' Acceptances and unreimbursed drawings under Letters of Credit or Bankers' Acceptances denominated in any Designated Foreign Currency for purposes of determining Available Revolving Commitments as of any date shall be determined using the Spot Rate of Exchange as of the most recent applicable Revaluation Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.6 <u>Computation of Interest and Fees</u> (a) Interest (other than interest based on the Base Rate (only at times when the Base Rate is based on the Prime Rate), the Canadian Prime Rate, the Term CORRA, the Daily Simple CORRA, the HIBOR Rate, the TIBOR Rate or the Daily Simple RFR for RFR Loans denominated in Sterling), the L/C Facing Fee and the commitment fees payable pursuant to Subsection 4.5(c) shall be calculated on the basis of a 360-day year for the actual days elapsed; and interest based on the Base Rate (only at times when the Base Rate is based on the Prime Rate), the Canadian Prime Rate, the Term CORRA, the Daily Simple CORRA, the HIBOR Rate, the TIBOR Rate or the Daily Simple RFR for RFR Loans denominated in Sterling shall be calculated on the basis of a 365-day year (or 366-day year, as the case may be) for the actual days elapsed. The Administrative Agent shall as soon as practicable notify the Borrower Representative and the affected Lenders of each determination of Term SOFR Rate or Term CORRA. Any change in the interest rate on a Loan resulting from a change in the Base Rate or the Statutory Reserves shall become effective as of the opening of business on the day on which such change becomes effective. The Administrative Agent shall as soon as practicable notify the Borrower Representative and the affected Lenders of the effective date and the amount of each such change in interest rate.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Each determination of an interest rate by the Administrative Agent pursuant to any provision of this Agreement shall be conclusive and binding on each of the Borrowers and the Lenders in the absence of manifest error. The Administrative Agent shall, at the request of the Borrower Representative, deliver to the Borrower Representative a statement showing the quotations used by the Administrative Agent in determining any interest rate pursuant to <u>Subsection 4.1</u>, excluding any SOFR Rate Loan which is based upon the Term SOFR Rate, any Base Rate Loan which is based upon the Base Rate and any Canadian Prime Rate.

. A determination of the applicable Base Rate, Term SOFR Rate, EURIBOR Rate, TIBOR Rate, HIBOR Rate, the Term CORRA or Daily Simple RFR shall be determined by the Administrative Agent, and such determination shall be conclusive absent manifest error.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.7 <u>Inability to Determine Interest Rate</u>. (a) (a) Subject to clauses Subsections 4.7(b), (c), (d), (e) and (f), if, prior to the first day of any Interest Period (and, in the case of an RFR Loan, during the period that such Loan is outstanding), the Administrative Agent shall have determined (which determination shall be conclusive and binding upon each of the Borrowers absent manifest error) that, by reason of circumstances affecting the relevant market, adequate and reasonable means do not exist for ascertaining (i) the Term SOFR Rate with respect to any Term Benchmark Loan for such Interest Period (the "<u>Affected Term SOFR Rate</u>"), (ii) the EURIBOR Rate with respect to any Term Benchmark Loan for such Interest Period (the "<u>Affected EURIBOR Rate</u>"), (iii) the Term CORRA Rate with respect to any Term Benchmark Loan for such Interest Period (the "<u>Affected Term CORRA Rate</u>"), (iv) the TIBOR Rate with respect to any Term Benchmark Loan for such interest period (the "<u>Affected TIBOR Rate</u>"), (v) the HIBOR Rate with respect to any Term Benchmark Loan for such Interest Period (the "<u>Affected HIBOR Rate</u>"), (vi) the Daily Simple RFR with respect to any RFR Loan for such period (the "<u>Affected RFR Rate</u>"), in each case, the Administrative Agent shall give facsimile or telephonic notice thereof to the Borrower Representative and the Lenders as soon as practicable thereafter. If such notice is given (a) any Term Benchmark Loan to be made in Dollars the rate of interest applicable to which is based on the Affected Term SOFR Rate requested to be made on the first day of such Interest Period shall be made as Base Rate Loans, (b) any Term Benchmark Loans to be made in Canadian Dollars the rate of interest applicable to which is based on the Affected Term CORRA Rate requested to be made on the first day of such Interest Period shall be made as Canadian Prime Rate Loans, (c) any Term Benchmark Loan to be made in Euros, Yen or Hong Kong Dollars, the rate of interest applicable to which is based on the Affected EURIBOR Rate, the Affected TIBOR Rate or the Affected HIBOR Rate, as applicable, requested to be made on the first day of such Interest Period shall not be required to be made hereunder in Euros, Yen or Hong Kong Dollars, as applicable and, upon receipt of such notice, the Borrower Representative may at its option revoke the pending request for such Term Benchmark Loans or convert such request into a request for Base Rate Loans to be made in Dollars or Canadian Prime Rate Loans to be made in Canadian Dollars, (d) any RFR Loans the rate of interest applicable to which is based on the Affected RFR Rate requested to be made shall not be required to be made hereunder in Sterling or Swiss Francs, as applicable, and, upon receipt of such notice, the Borrower Representative may at its option revoke the pending request for RFR Loans or convert such request into a request for Base Rate Loans to be made in Dollars or Canadian Prime Rate Loans to be made in Canadian Dollars, (e) any Loans that were to have been converted on the first day of such Interest Period to or continued as Term Benchmark Loans in Dollars

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the rate of interest applicable to which is based upon the Affected Term SOFR Rate shall be converted to or continued as Base Rate Loans, (f) any Loans that were to have been converted on the first day of such Interest Period to or continued as Term Benchmark Loans the rate of interest applicable to which is based upon the Affected Term CORRA Rate shall be converted to or continued as Canadian Prime Rate Loans, (g) any Term Benchmark Loans denominated in Euro, Yen or Hong Kong Dollars that were to have been continued as Term Benchmark Loans the rate of interest applicable to which is based upon the Affected EURIBOR Rate, the Affected TIBOR Rate or the Affected HIBOR Rate, as applicable, shall be converted to or continued as Central Bank Rate Loans in the applicable Designated Foreign Currency and (h) any outstanding RFR Loans denominated in Sterling or Swiss Francs, as applicable, that were to have been continued as RFR Loans the rate of interest applicable to which is based upon the Affected RFR Rate shall be converted to or continued as Central Bank Rate Loans in Sterling or Swiss Francs, as applicable. Until such notice has been withdrawn by the Administrative Agent, no further Term Benchmark Loans or RFR Loans the rate of interest applicable to which is based upon the Affected Term SOFR Rate, Affected EURIBOR Rate, Affected RFR Rate, Affected Term CORRA Rate, Affected TIBOR Rate or Affected HIBOR Rate shall be made or continued as such, nor shall the Borrower Representative have the right to convert Base Rate Loans to Term Benchmark Loans or Canadian Prime Rate Loans to Term Benchmark Loans, the rate of interest applicable to which is based upon the Affected Term SOFR Rate or Affected Term CORRA Rate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Notwithstanding anything to the contrary herein or in any other Loan Document, if a Benchmark Transition Event and its related Benchmark Replacement Date have occurred prior to the Reference Time in respect of any setting of the then-current Benchmark, then (x) if a Benchmark Replacement is determined in accordance with clause (1) of the definition of "Benchmark Replacement" with respect to Dollars and/or Canadian Dollars for such Benchmark Replacement Date, such Benchmark Replacement will replace such Benchmark (including any related adjustments) for all purposes hereunder and under any Loan Document in respect of such Benchmark setting and subsequent Benchmark settings without any amendment to, or further action or consent of any other party to, this Agreement or any other Loan Document and (y) if a Benchmark Replacement is determined in accordance with clause (2) of the definition of "Benchmark Replacement" with respect to any Agreed Currency for such Benchmark Replacement Date, such Benchmark Replacement will replace such Benchmark (including any related adjustments) for all purposes hereunder and under any Loan Document in respect of any Benchmark setting at or after 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the date notice of such Benchmark Replacement is provided to the Lenders without any amendment to, or further action or consent of any other party to, this Agreement or any other Loan Document so long as the Administrative Agent has not received, by such time, written notice of objection to such Benchmark Replacement from Lenders comprising the Required Lenders of each affected class.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) In connection with the implementation of a Benchmark Replacement, the Administrative Agent will have the right, with the consent of the Parent Borrower, to make Benchmark Replacement Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Loan Document, any amendments implementing such Benchmark Replacement Conforming Changes will become effective without any further action or consent of any other party to this Agreement or any other Loan Document. Notwithstanding anything to the contrary herein or in

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any other Loan Document and subject to the proviso below in this paragraph, with respect to a Loan denominated in Canadian Dollars, if a Term CORRA Reelection Event and its related Benchmark Replacement Date have occurred prior to the Reference Time in respect of any setting of the then-current Benchmark, then the applicable Benchmark Replacement will replace the then-current Benchmark for all purposes hereunder or under any Loan Document in respect of such Benchmark setting and subsequent Benchmark settings, without any amendment to, or further action or consent of any other party to, this Agreement or any other Loan Document; provided that, this clause (c)(ii) shall not be effective unless the Administrative Agent has delivered to the Lenders and the Borrower a Term CORRA Notice. For the avoidance of doubt, the Administrative Agent shall not be required to deliver a Term CORRA Notice after the occurrence of a Term CORRA Reelection Event and may do so in its sole discretion.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The Administrative Agent will promptly notify the Borrower and the Lenders of (a) any occurrence of a Benchmark Transition Event, (b) the implementation of any Benchmark Replacement, (c) the effectiveness of any Benchmark Replacement Conforming Changes, (d) the removal or reinstatement of any tenor of a Benchmark pursuant to clause (f) below and (e) the commencement or conclusion of any Benchmark Unavailability Period. Any determination, decision or election that may be made by the Administrative Agent or, if applicable, the Borrowers or any Lender (or group of Lenders) pursuant to this <u>Subsection 4.7</u>, 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 or any other Loan Document, except, in each case, as expressly required pursuant to this <u>Subsection 4.7</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) Notwithstanding anything to the contrary herein or in any other Loan Document, at any time (including in connection with the implementation of a Benchmark Replacement), (a) if the then-current Benchmark is a term rate (including the Term SOFR Rate, EURIBOR Rate, TIBOR Rate, HIBOR Rate or Term CORRA) and either (i) any tenor for such Benchmark is not displayed on a screen or other information service that publishes such rate from time to time as selected by the Administrative Agent in its reasonable discretion or (ii) the regulatory supervisor for the administrator of such Benchmark has provided a public statement or publication of information announcing that any tenor for such Benchmark is or will be no longer representative, then the Administrative Agent may modify the definition of "Interest Period" for any Benchmark settings at or after such time to remove such unavailable or non-representative tenor and (b) if a tenor that was removed pursuant to clause (i) above either (iii) is subsequently displayed on a screen or information service for a Benchmark (including a Benchmark Replacement) or (iv) is not, or is no longer, subject to an announcement that it is or will no longer be representative for a Benchmark (including a Benchmark Replacement), then the Administrative Agent may modify the definition of "Interest Period" for all Benchmark settings at or after such time to reinstate such previously removed tenor.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) Upon the Borrowers' receipt of notice of the commencement of a Benchmark Unavailability Period, the Borrowers may revoke any request for (i) a Term Benchmark Borrowing, conversion to or continuation of Term Benchmark Loans to be made, converted or continued or (ii) a RFR Borrowing or conversion to RFR Loans, during any Benchmark Unavailability Period and, failing that, either (x) the Borrowers will be deemed to have converted any request for (1) a Term Benchmark Borrowing or RFR Borrowing, as applicable, denominated in Dollars into a request for a Borrowing of or conversion to (A) solely with respect to any such request for a Term Benchmark Borrowing, an RFR Borrowing denominated in Dollars so long as the Adjusted Daily Simple RFR for Dollar Borrowings is not the subject of a Benchmark Transition Event or (B) a Base Rate Borrowing if the Adjusted Daily Simple RFR for Dollar Borrowings is the subject of a Benchmark Transition Event or (y) any request relating to a Term Benchmark Borrowing or RFR Borrowing denominated in a Designated Foreign Currency shall be ineffective. During any Benchmark Unavailability Period or at any time that a tenor for the then-current Benchmark is not an Available Tenor, the component of 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. Furthermore, if any Term Benchmark Loan or RFR Loan in any Agreed Currency is outstanding on the date of the Borrower's receipt of notice of the commencement of a Benchmark Unavailability Period with respect to a Relevant Rate applicable to such Term Benchmark Loan or RFR Loan, then until such time as a Benchmark Replacement for such Agreed Currency is implemented pursuant to this <u>Subsection 4.7</u>, (A) for Loans denominated in Dollars (1) any Term Benchmark Loan shall on the last day of the Interest Period applicable to such Loan be converted by the Administrative Agent to, and shall constitute, (x) an RFR Borrowing denominated in Dollars so long as the Adjusted Daily Simple RFR for Dollar Borrowings is not the subject of a Benchmark Transition Event or (y) the Base Rate Loan if the Adjusted Daily Simple RFR for Dollar Borrowings is the subject of a Benchmark Transition Event, on such day and (2) any RFR Loan shall on and from such day be converted by the Administrative Agent to, and shall constitute a Base Rate Loan and (B) for Loans denominated in a Designated Foreign Currency, (1) any Term Benchmark Loan shall, on the last day of the Interest Period applicable to such Loan bear interest at the Central Bank Rate (or in the case of (a) the Yen, the Japanese Prime Rate or (b) Canadian Dollars, the Canadian Prime Rate) for the applicable Designated Foreign Currency plus the CBR Spread; <u>provided</u> that, if the Administrative Agent determines (which determination shall be conclusive and binding absent manifest error) that the Central Bank Rate (or in the case of (a) the Yen, the Japanese Prime Rate or (b) Canadian Dollars, the Canadian Prime Rate) for the applicable Designated Foreign Currency cannot be determined, any outstanding affected Term Benchmark Loans denominated in any Designated Foreign Currency shall, at the Borrowers' election prior to such day: (i) be prepaid by the Borrowers on such day or (ii) solely for the purpose of calculating the interest rate applicable to such Term Benchmark Loan, such Term Benchmark Loan denominated in any Designated Foreign Currency shall be deemed to be a Term Benchmark Loan denominated in Dollars and shall accrue interest at the same interest rate applicable to Term Benchmark Loans denominated in Dollars at such time and (2) any RFR Loan shall bear interest at the Central Bank Rate (or in the case of (a) the Yen, the Japanese Prime Rate or (b) Canadian Dollars, the Canadian Prime Rate) for the applicable Designated Foreign Currency plus the CBR Spread; <u>provided</u> that, if the Administrative Agent determines (which determination shall be conclusive and binding absent manifest error) that the Central Bank Rate (or in the case of (a) the Yen, the Japanese Prime Rate or (b) Canadian Dollars, the Canadian Prime Rate) for the applicable Designated Foreign Currency cannot be determined, any outstanding affected RFR Loans denominated in any Designated Foreign Currency, at the Borrower's election, shall either (A) be converted into Base Rate Loans denominated in Dollars (in an amount equal to the Dollar Equivalent of such Designated Foreign Currency) immediately or (B) be prepaid in full immediately.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.8 <u>Pro Rata Treatment and Payments</u>. (a) Except as expressly otherwise provided herein (including in <u>Subsection 11.6(k)</u>), each borrowing of Revolving Loans (other than Swing Line Loans) by the applicable Borrower from the Lenders hereunder shall be made, each payment (except as provided in <u>Subsection 4.14(a)</u>) by the applicable Borrower on account of any commitment fee in respect of the Revolving Commitments hereunder and any reduction (except as provided in <u>Subsection 2.8</u>, <u>2.10</u>, <u>2.11</u>, <u>4.13(d)</u> or <u>11.1(g)</u>) of the Revolving Commitments of the Lenders shall be allocated by the Administrative Agent, pro rata according to the respective Revolving Commitment Percentages of the applicable Lenders (other than payments in respect of any difference in the Applicable Commitment Fee Percentages in respect of any Tranche); <u>provided</u> that at the request of the Borrower Representative, in lieu of such application on a pro rata basis among all Revolving Commitments, such reduction may be applied to any Revolving Commitments so long as the Maturity Date of such Revolving Commitments precedes the Maturity Date of each other Tranche of Revolving Commitments then outstanding or, in the event more than one Tranche of Revolving Commitments shall have an identical Maturity Date that precedes the Maturity Date of each other Tranche of Revolving Commitments then outstanding, to such Tranches on a pro rata basis. Except as expressly otherwise provided herein, each payment (including each prepayment, but excluding payments made pursuant to <u>Subsection 2.8</u>, <u>2.9</u>, <u>2.10</u>, <u>2.11</u>, <u>4.5(b)</u>, <u>4.9</u>, <u>4.10</u>, <u>4.11</u>, <u>4.12</u>, <u>4.13(d)</u>, <u>4.14</u>, <u>11.1(g)</u> or <u>11.6</u>) by the applicable Borrower on account of principal of and interest on account of any Loans of a given Tranche (other than (<u>v</u>) payments in respect of any difference in the Applicable Margin, Term SOFR Rate, Adjusted Term CORRA Rate, Adjusted EURIBOR Rate, Adjusted TIBOR Rate, Adjusted HIBOR Rate or Base Rate in respect of any Tranche, (<u>w</u>) any payments pursuant to <u>Subsection 4.4(e)</u> to the extent declined by any Lender in accordance with <u>Subsection 4.4(h)</u>, (<u>x</u>) any payments pursuant to <u>Subsection 4.4(l)</u> which shall be allocated as set forth in <u>Subsection 4.4(l)</u>, (<u>y</u>) any prepayments pursuant to <u>Subsection 11.6(h)(i)(2)</u> and (<u>z</u>) any payment accompanying a termination of Revolving Commitments pursuant to the provisos to the first sentence of this <u>Subsection 4.8(a)</u> which shall be applied to the Revolving Loans outstanding under the Tranches under which Revolving Commitments are being terminated) shall be allocated by the Administrative Agent pro rata according to the respective outstanding principal amounts of such Loans of such Tranche then held by the respective Lenders; <u>provided</u> that a Lender may, at its option, and if agreed by the Borrower Representative, exchange such Lender's portion of a Term Loan to be prepaid for Rollover Indebtedness, in lieu of such Lender's pro rata portion of such prepayment, pursuant to the last sentence of <u>Subsection 4.4(g)</u>. All payments (including prepayments) to be made by the Borrowers hereunder, whether on account of principal, interest, fees, Reimbursement Obligations or otherwise, shall be made without set-off or counterclaim and shall be made on or prior to the time expressly required hereunder or under such other Loan Document for such payment (or, if no such time is expressly required, prior to 2:00 P.M., New York City time), on the due date thereof to the Administrative Agent for the account of the Lenders holding the relevant Loans, the L/C-B/A Participants, the Lenders, the Administrative Agent, or the Other Representatives, as the case may be, at the Administrative Agent's office specified in <u>Subsection</u> <u>11.2</u>, in Dollars or, in the case of Loans outstanding in any Designated Foreign Currency and L/C-B/A Obligations in any Designated Foreign Currency, such Designated Foreign Currency and, whether in Dollars or any Designated Foreign Currency, in immediately available funds. Any

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pro rata calculations required to be made pursuant to this <u>Subsection 4.8(a)</u> in respect to any Revolving Loan denominated in a Designated Foreign Currency shall be made on a Dollar Equivalent basis. Payments received by the Administrative Agent after such time shall be deemed to have been received on the next Business Day. The Administrative Agent shall distribute such payments to such L/C-B/A Participants, Lenders or Other Representatives, as the case may be, if any such payment is received prior to 2:00 P.M., New York City time, on a Business Day, in like funds as received prior to the end of such Business Day and otherwise the Administrative Agent shall distribute such payment to such Lenders or Other Representatives, as the case may be, on the next succeeding Business Day. If any payment hereunder (other than payments on the Term Benchmark Loans or RFR Loans) becomes due and payable on a day other than a Business Day, the maturity of such payment shall be extended to the next succeeding Business Day, and, with respect to payments of principal, interest thereon shall be payable at the then applicable rate during such extension. If any payment on a Term Benchmark Loan or RFR Loan becomes due and payable on a day other than a Business Day, the maturity of such payment shall be extended to the next succeeding Business Day (and, with respect to payments of principal, interest thereon shall be payable at the then applicable rate during such extension) unless the result of such extension would be to extend such payment into another calendar month, in which event such payment shall be made on the immediately preceding Business Day. This <u>Subsection 4.8(a)</u> may be amended in accordance with <u>Subsection 11.1(d)</u> to the extent necessary to reflect differing amounts payable, and priorities of payments, to Lenders participating in any new Tranches added pursuant to <u>Subsections 2.8</u>, <u>2.10</u> and <u>2.11</u>, as applicable, or pursuant to any other credit or letter of credit facility added pursuant to <u>Subsection 2.8</u> or <u>11.1(e)</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Unless the Administrative Agent shall have been notified in writing by any Lender prior to a borrowing that such Lender will not make the amount that would constitute its share of such borrowing available to the Administrative Agent, the Administrative Agent may assume that such Lender is making such amount available to the Administrative Agent, and the Administrative Agent may, in reliance upon such assumption, make available to the applicable Borrower in respect of such borrowing a corresponding amount. If such amount is not made available to the Administrative Agent by the required time on the Borrowing Date therefor, such Lender shall pay to the Administrative Agent, on demand, such amount with interest thereon at a rate equal to (<u>i</u>) for amounts denominated in Dollars, the daily average Federal Funds Effective Rate, and (<u>ii</u>) for amounts denominated in a Designated Foreign Currency, the rate customary in such Designated Foreign Currency for settlement of similar interbank obligations as determined by the Administrative Agent in its reasonable discretion, in each case for the period until such Lender makes such amount immediately available to the Administrative Agent. A certificate of the Administrative Agent submitted to any Lender with respect to any amounts owing under this <u>Subsection 4.8(b)</u> shall be conclusive in the absence of manifest error. If such Lender's share of such borrowing is not made available to the Administrative Agent by such Lender within three (3) Business Days of such Borrowing Date, (<u>x</u>) the Administrative Agent shall notify the Borrower Representative of the failure of such Lender to make such amount available to the Administrative Agent and the Administrative Agent shall also be entitled to recover such amount with interest thereon at the rate per annum applicable to Base Rate Loans hereunder on demand from the Borrowers; <u>provided</u> that the foregoing notice and recovery provisions shall not apply to the funding of Initial Term Loans and Initial Revolving Loans on the Closing Date and (<u>y</u>) then the Borrower Representative may, without waiving or limiting any rights or remedies it may have against such Lender hereunder or under applicable law or otherwise, borrow a like amount on an unsecured basis from any commercial bank for a period ending on the date upon which such Lender does in fact make such borrowing available.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.9 <u>Illegality</u>. Notwithstanding any other provision herein, if the adoption of or any change in any Requirement of Law or in the interpretation or application thereof in each case occurring after the Closing Date shall make it unlawful for any Lender to make or maintain any Term Benchmark Loans or RFR Loans as contemplated by this Agreement ("<u>Affected Loans</u>"), (<u>a</u>) such Lender shall promptly give written notice of such circumstances to the Borrower Representative and the Administrative Agent (which notice shall be withdrawn whenever such circumstances no longer exist), (<u>b</u>) the commitment of such Lender hereunder to make Affected Loans, continue Affected Loans as such and convert a Base Rate Loan or Canadian Prime Rate Loan to an Affected Loan shall forthwith be cancelled and, until such time as it shall no longer be unlawful for such Lender to make or maintain such Affected Loans, such Lender shall then have a commitment only to make a Base Rate Loan or Canadian Prime Rate Loan, as applicable, when an Affected Loan is requested, (<u>c</u>) such Lender's Loans then outstanding as Affected Loans, if any, shall be converted automatically to Base Rate Loans or Canadian Prime Rate Loans, as applicable, on the respective last days of the then current Interest Periods with respect to such Affected Loans or within such earlier period as required by law and (<u>d</u>) such Lender's then outstanding Affected Loans, if any, not converted to Base Rate Loans or Canadian Prime Rate Loans pursuant to clause (c) of this <u>Subsection 4.9</u> shall, at the option of the Borrower Representative (<u>i</u>) be prepaid with accrued interest thereon on the last day of the then current Interest Period with respect thereto (or such earlier date as may be required by any such Requirement of Law) or (<u>ii</u>) bear interest at an alternate rate which reflects such Lender's cost of funding such Loans (which rate, if less than zero, shall be deemed zero for purposes of this Agreement), as reasonably determined by the Administrative Agent, <u>plus</u> the Applicable Margin hereunder. If any such conversion or prepayment of an Affected Loan occurs on a day which is not the last day of the then current Interest Period with respect thereto, the Borrowers shall pay to such Lender such amounts, if any, as may be required pursuant to <u>Subsection 4.12</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.10 <u>Requirements of Law</u>. (a) If the adoption of or any change in any Requirement of Law or in the interpretation or application thereof applicable to any Lender or any Issuing Bank, or compliance by any Lender or any Issuing Bank with any request or directive (whether or not having the force of law) from any central bank or other Governmental Authority, in each case made subsequent to the Closing Date (or, if later, the date on which such Lender becomes a Lender or such Issuing Bank becomes an Issuing Bank):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) shall subject such Lender or such Issuing Bank to any Tax of any kind whatsoever with respect to any Letter of Credit or Bankers' Acceptance, any Letter of Credit / Bankers' Acceptance Request, any Term Benchmark Loans or RFR Loans made or maintained by it or its obligation to make or maintain Term Benchmark Loans or RFR Loans, or change the basis of taxation of payments to such Lender in respect thereof, in each case, except for Non-Excluded Taxes, Taxes imposed by FATCA and Taxes measured by or imposed upon net income, or franchise Taxes, or Taxes measured by or imposed upon overall capital or net worth, or branch Taxes (in the case of such

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capital, net worth or branch Taxes, imposed in lieu of such net income Tax), of such Lender, such Issuing Bank or its applicable lending office, branch, or any affiliate thereof;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) shall impose, modify or hold applicable any reserve, special deposit, compulsory loan or similar requirement against assets held by, deposits or other liabilities in or for the account of, advances, loans or other extensions of credit by, or any other acquisition of funds by, any office of such Lender which is not otherwise included in the determination of the Term Benchmark hereunder; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) shall impose on such Lender or such Issuing Bank any other condition (excluding any Tax of any kind whatsoever);

and the result of any of the foregoing is to increase the cost to such Lender or such Issuing Bank, by an amount which such Lender or such Issuing Bank deems to be material, of making, converting into, continuing or maintaining Term Benchmark Loans or RFR Loans or issuing or participating in Letters of Credit or creating or participating in Bankers' Acceptances or to reduce any amount receivable hereunder in respect thereof, then, in any such case, upon notice to the Borrower Representative from such Lender, through the Administrative Agent in accordance herewith, the applicable Borrower shall promptly pay such Lender or such Issuing Bank, upon its demand, any additional amounts necessary to compensate such Lender for such increased cost or reduced amount receivable with respect to such Term Benchmark Loans, RFR Loans, Letters of Credit or Bankers' Acceptances; <u>provided</u> that, in any such case, the Borrower Representative may elect to convert the Term Benchmark Loans denominated in Dollars or Canadian Dollars made by such Lender hereunder to Base Rate Loans or Canadian Prime Rate Loans, as applicable, by giving the Administrative Agent at least one (1) Business Day's (or such shorter period as may be agreed by the Administrative Agent in its reasonable discretion) notice of such election, in which case the applicable Borrower shall promptly pay to such Lender, upon demand, without duplication, amounts theretofore required to be paid to such Lender pursuant to this <u>Subsection 4.10(a)</u> and such amounts, if any, as may be required pursuant to <u>Subsection 4.12</u>. If any Lender or Issuing Bank becomes entitled to claim any additional amounts pursuant to this <u>Subsection 4.10(a)</u>, it shall provide prompt notice thereof to the Borrower Representative, through the Administrative Agent, certifying (<u>x</u>) that one of the events described in this clause (a) has occurred and describing in reasonable detail the nature of such event, (<u>y</u>) as to the increased cost or reduced amount resulting from such event and (<u>z</u>) as to the additional amount demanded by such Lender and a reasonably detailed explanation of the calculation thereof. Such a certificate as to any additional amounts payable pursuant to this <u>Subsection 4.10(a)</u> submitted by such Lender, through the Administrative Agent, to the Borrower Representative shall be conclusive in the absence of manifest error. Notwithstanding anything to the contrary in this <u>Subsection 4.10(a)</u>, the Borrowers shall not be required to compensate a Lender or Issuing Bank pursuant to this <u>Subsection 4.10(a)</u> (<u>i</u>) for any amounts incurred more than six (6) months prior to the date that such Lender or such Issuing Bank notifies the Borrower Representative of such Lender's or such Issuing Bank's intention to claim compensation therefor or (<u>ii</u>) for any amounts, if such Lender or such Issuing Bank is applying this provision to the Borrowers in a manner that is inconsistent with its application of "increased cost" or other similar provisions under other syndicated credit agreements to similarly situated borrowers. This covenant shall survive the termination of this Agreement and the payment of the Loans and all other amounts payable hereunder.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) If any Lender or any Issuing Bank shall have determined that the adoption of or any change in any Requirement of Law regarding capital adequacy or liquidity or in the interpretation or application thereof or compliance by such Lender or such Issuing Bank or any corporation controlling such Lender or such Issuing Bank with any request or directive regarding capital adequacy or liquidity (whether or not having the force of law) from any Governmental Authority, in each case, made subsequent to the Closing Date, does or shall have the effect of reducing the rate of return on such Lender's or such Issuing Bank's or such corporation's capital as a consequence of such Lender's or such Issuing Bank's obligations hereunder to a level below that which such Lender or such Issuing Bank or such corporation could have achieved but for such change or compliance (taking into consideration such Lender's or such Issuing Bank's or such corporation's policies with respect to capital adequacy or liquidity) by an amount deemed by such Lender or such Issuing Bank to be material, then from time to time, within ten (10) Business Days after submission by such Lender or such Issuing Bank to the Borrower Representative (through the Administrative Agent) of a written request therefor certifying (<u>x</u>) that one of the events described in this clause (b) has occurred and describing in reasonable detail the nature of such event, (<u>y</u>) as to the reduction of the rate of return on capital resulting from such event and (<u>z</u>) as to the additional amount or amounts demanded by such Lender or such Issuing Bank or corporation and a reasonably detailed explanation of the calculation thereof, the applicable Borrower shall pay to such Lender or such Issuing Bank such additional amount or amounts as will compensate such Lender or such Issuing Bank or corporation for such reduction. Such a certificate as to any additional amounts payable pursuant to this <u>Subsection 4.10(b)</u> submitted by such Lender or such Issuing Bank, through the Administrative Agent, to the Borrower Representative shall be conclusive in the absence of manifest error. Notwithstanding anything to the contrary in this <u>Subsection 4.10(b)</u>, the Borrowers shall not be required to compensate a Lender or Issuing Bank pursuant to this <u>Subsection 4.10(b)</u> (<u>i</u>) for any amounts incurred more than six months prior to the date that such Lender or such Issuing Bank notifies the Borrower Representative of such Lender's or such Issuing Bank's intention to claim compensation therefor or (<u>ii</u>) for any amounts, if such Lender or such Issuing Bank is applying this provision to the Borrowers in a manner that is inconsistent with its application of "increased cost" or other similar provisions under other syndicated credit agreements to similarly situated borrowers. This covenant shall survive the termination of this Agreement and the payment of the Loans and all other amounts payable hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Notwithstanding anything herein to the contrary, the Dodd Frank Wall Street Reform and Consumer Protection Act, and all requests, rules, regulations, guidelines and directives promulgated thereunder or issued in connection therewith, and all requests, rules, guidelines or directives promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor authority) or the United States or foreign regulatory authorities, in each case pursuant to Basel III, in each case shall be deemed to have been enacted, adopted or issued, as applicable, subsequent to the Closing Date for all purposes herein.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.11 <u>Taxes</u>. (a) Except as provided below in this <u>Subsection 4.11</u> or as required by law (which, for purposes of this <u>Subsection 4.11</u> shall include FATCA and shall be determined in the good faith discretion of an applicable withholding agent), all payments made by the Borrowers or the Agents under this Agreement and any Notes shall be made free and clear of, and without deduction or withholding for or on account of any Taxes; <u>provided</u> that if any Non-Excluded Taxes are required to be withheld from any amounts payable by any Borrower to any Agent or any Lender hereunder or under any Notes (as determined in the good faith discretion of an applicable withholding agent), the amounts so payable by the relevant Borrower shall be increased to the extent necessary to yield to such Agent or such Lender (after payment of all Non-Excluded Taxes) interest or any such other amounts payable hereunder at the rates or in the amounts specified in this Agreement; <u>provided</u>, <u>however</u>, that the Borrowers shall be entitled to deduct and withhold, and the Borrowers shall not be required to indemnify for, any Excluded Taxes, and any such amounts payable by any Borrower to or for the account of any Agent or Lender shall not be increased. Whenever any Non-Excluded Taxes are payable by any Borrower, as promptly as possible thereafter the Borrower Representative shall send to the Administrative Agent for its own account or for the account of the respective Lender or Agent, as the case may be, a certified copy of an original official receipt received by such Borrower showing payment thereof, a copy of the return reporting such payment or other evidence of such payment reasonably satisfactory to the Agent. If any Borrower fails to pay any Non-Excluded Taxes when due to the appropriate Governmental Authority in accordance with applicable law or the Borrower Representative fails to remit to the Administrative Agent the required receipts or other required documentary evidence, the Loan Parties or the Borrower Representative, as applicable, shall indemnify the Administrative Agent, the Lenders and the Agents for any reasonable incremental Taxes, interest or penalties that become payable by the Administrative Agent or any Lender as a result of any such failure. The agreements in this <u>Subsection 4.11</u> shall survive the termination of this Agreement and the payment of the Term Loans and all other amounts payable hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Each Agent and each Lender that is not a United States Person shall:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) (1) on or before the date of any payment by any Borrower under this Agreement or any Notes to, or for the account of, such Agent or Lender, deliver to the Borrower Representative and the Administrative Agent (<u>A</u>) two accurate and complete original signed or executed copies of Internal Revenue Service Forms W-8BEN or W-8BEN-E (certifying that it is a resident of the applicable country within the meaning of the income tax treaty between the United States and that country) or Forms W-8ECI, or successor applicable form, as the case may be, in each case certifying that it is entitled to receive all payments under this Agreement and any Notes without deduction or withholding of any U.S. federal income taxes, and (<u>B</u>) such other forms, documentation or certifications, as the case may be, certifying that it is entitled to an exemption from United States backup withholding tax with respect to payments under this Agreement and any Notes;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) deliver to the Borrower Representative and the Administrative Agent two further accurate and complete original signed forms, executed copies of such forms or certifications provided in <u>Subsection 4.11(b)(i)(1)</u> on or before the date that any such form or certification expires or becomes obsolete and after the occurrence of any event requiring a change in the most recent form or certificate previously delivered by it to the Borrower Representative;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) obtain such extensions of time for filing and completing such forms or certifications as may reasonably be requested by the Borrower Representative or the Administrative Agent; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) deliver, to the extent legally entitled to do so, upon reasonable request by the Borrower Representative, to the Borrower Representative and the Administrative Agent such other forms as may be reasonably required in order to establish the legal entitlement of such Agent or such Lender to an exemption from, or reduction of, withholding with respect to payments under this Agreement and any Notes, <u>provided</u> that, in determining the reasonableness of a request under this clause (4), such Lender shall be entitled to consider the cost (to the extent unreimbursed by any Loan Party) which would be imposed on such Lender of complying with such request; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) in the case of any such Lender that is not a "bank" within the meaning of Section 881(c)(3)(A) of the Code and is claiming the so-called "portfolio interest exemption",

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) represent to the Borrowers and the Administrative Agent that it is not (<u>A</u>) a bank within the meaning of Section 881(c)(3)(A) of the Code, (<u>B</u>) a "10 percent shareholder" of any Borrower within the meaning of Section 881(c)(3)(B) of the Code, or (<u>C</u>) a "controlled foreign corporation" described in Section 881(c)(3)(C) of the Code;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) deliver to the Borrower Representative on or before the date of any payment by any Borrower with a copy to the Administrative Agent, (<u>A</u>) two certificates substantially in the form of <u>Exhibit D-1</u>, <u>Exhibit D-2</u>, <u>Exhibit D-3</u> and/or <u>Exhibit D-4</u>, as applicable (any such certificate a "<u>U.S. Tax Compliance Certificate</u>") and (<u>B</u>) two accurate and complete original signed or executed copies of Internal Revenue Service Forms W-8BEN or W-8BEN-E, or successor applicable form, certifying to such Lender's legal entitlement at the date of such form to an exemption from U.S. withholding tax under the provisions of Section 871(h) or Section 881(c) of the Code with respect to payments to be made under this Agreement and any Notes and (<u>C</u>) such other forms, documentation or certifications, as the case may be certifying that it is entitled to an exemption from United States backup withholding tax with respect to payments under this Agreement and any Notes (and shall also deliver to the Borrower Representative and the Administrative Agent two further accurate and complete original signed forms or certificates on or before the date it expires or becomes obsolete and after the occurrence of any event requiring a change in the most recently provided form or certificate and, if necessary, obtain any extensions of time reasonably requested by the Borrower Representative or the Administrative Agent for filing and completing such forms or certificates); and

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) deliver, to the extent legally entitled to do so, upon reasonable request by the Borrower Representative, to the Borrower Representative and the Administrative Agent such other forms as may be reasonably required in order to establish the legal entitlement of such Lender to an exemption from, or reduction of, withholding with respect to payments under this Agreement and any Notes, <u>provided</u> that, in determining the reasonableness of a request under this clause (3), such Lender shall be entitled to consider the cost (to the extent unreimbursed by the Borrowers) which would be imposed on such Lender of complying with such request; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) in the case of any such Agent or Lender that is a non-U.S. intermediary or flow-through entity for U.S. federal income tax purposes,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) on or before the date of any payment by any Borrower under this Agreement or any Notes to, or for the account of, such Agent or Lender, deliver to the Borrower Representative and the Administrative Agent two accurate and complete original signed or executed copies of Internal Revenue Service Forms W-8IMY and, if any beneficiary or member of such Lender is claiming the so-called "portfolio interest exemption", (<u>I</u>) represent to the Borrowers and the Administrative Agent that such Lender is not (<u>A</u>) a bank within the meaning of Section 881(c)(3)(A) of the Code, (<u>B</u>) a "10 percent shareholder" of any Borrower within the meaning of Section 881(c)(3)(B) of the Code, or (<u>C</u>) a "controlled foreign corporation" described in Section 881(c)(3)(C) of the Code, and (<u>II</u>) also deliver to the Borrower Representative and the Administrative Agent two U.S. Tax Compliance Certificates certifying to such Lender's legal entitlement at the date of such certificate to an exemption from U.S. withholding tax under the provisions of Section 881(c) of the Code with respect to payments to be made under this Agreement and any Notes; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A) with respect to each beneficiary or member of such Agent or Lender that is not claiming the so-called "portfolio interest exemption", also deliver to the Borrower Representative and the Administrative Agent (<u>I</u>) two accurate and complete original signed or executed copies of Internal Revenue Service Forms W-8BEN or W-8BEN-E (certifying that such beneficiary or member is a resident of the applicable country within the meaning of the income tax treaty between the United States and that country), Forms W-8ECI or Forms W-9, or successor applicable form, as the case may be, in each case so that each such beneficiary or member is entitled to receive all payments under this Agreement and any Notes without deduction or withholding of any U.S. federal income taxes and (<u>II</u>) such other forms, documentation or certifications, as the case may be, certifying that each such beneficiary or member is entitled to an exemption from United States backup withholding tax with respect to all payments under this Agreement and any Notes; and

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) with respect to each beneficiary or member of such Lender that is claiming the so-called "portfolio interest exemption", (<u>I</u>) represent to the Borrowers and the Administrative Agent that such beneficiary or member is not (<u>1</u>) a bank within the meaning of Section 881(c)(3)(A) of the Code, (<u>2</u>) a "10 percent shareholder" of any Borrower within the meaning of Section 881(c)(3)(B) of the Code, or (<u>3</u>) a "controlled foreign corporation" described in Section 881(c)(3)(C) of the Code, and (<u>II</u>) also deliver to the Borrower Representative and the Administrative Agent two U.S. Tax Compliance Certificates from each beneficiary or member and two accurate and complete original signed or executed copies of Internal Revenue Service Forms W-8BEN or W-8BEN-E, or successor applicable form, certifying to such beneficiary's or member's legal entitlement at the date of such certificate to an exemption from U.S. withholding tax under the provisions of Section 871(h) or Section 881(c) of the Code with respect to payments to be made under this Agreement and any Notes, and (<u>III</u>) also deliver to the Borrower Representative and the Administrative Agent such other forms, documentation or certifications, as the case may be, certifying that it is entitled to an exemption from United States backup withholding tax with respect to payments under this Agreement and any Notes;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) deliver to the Borrower Representative and the Administrative Agent two further accurate and complete original signed forms, executed copies of such forms, certificates or certifications referred to above on or before the date any such form, certificate or certification expires or becomes obsolete, or any beneficiary or member changes, and after the occurrence of any event requiring a change in the most recently provided form, certificate or certification and obtain such extensions of time reasonably requested by the Borrower Representative or the Administrative Agent for filing and completing such forms, certificates or certifications; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) deliver, to the extent legally entitled to do so, upon reasonable request by the Borrower Representative, to the Borrower Representative and the Administrative Agent such other forms as may be reasonably required in order to establish the legal entitlement of such Agent or Lender (or beneficiary or member) to an exemption from, or reduction of, withholding with respect to payments under this Agreement and any Notes, <u>provided</u> that in determining the reasonableness of a request under this clause (3) such Agent or Lender shall be entitled to consider the cost (to the extent unreimbursed by the Borrowers) which would be imposed on such Agent or Lender (or beneficiary or member) of complying with such request;

unless, in any such case (other than with respect to United States backup withholding tax), there has been a Change in Law which renders all such forms inapplicable or which would prevent such Agent or such Lender (or such beneficiary or member) from duly completing and delivering any such form with respect to it and such Agent or such Lender so advises the Borrower Representative and the Administrative Agent.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Each Lender and each Agent, in each case that is a United States Person, shall, on or before the date of any payment by any Borrower under this Agreement or any Notes to such Lender or Agent, deliver to the Borrower Representative and the Administrative Agent two accurate and complete original signed or executed copies of Internal Revenue Service Forms W-9, or successor applicable form, certifying that such Lender or Agent is a United States Person and that such Lender or Agent is entitled to complete exemption from United States backup withholding tax.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Notwithstanding the foregoing, if the Administrative Agent is not a United States Person, on or before the date of any payment by any Borrower under this Agreement or any Notes to the Administrative Agent, the Administrative Agent shall:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) deliver to the Borrower Representative (<u>A</u>) two accurate and complete original signed Internal Revenue Service Forms W-8ECI, or successor applicable form, with respect to any amounts payable to the Administrative Agent for its own account, (<u>B</u>) two accurate and complete original signed or executed copies of Internal Revenue Service Forms W-8IMY, or successor applicable form, with respect to any amounts payable to the Administrative Agent for the account of others, certifying that it is a "U.S. branch" and that the payments it receives for the account of others are not effectively connected with the conduct of its trade or business in the United States and that it is using such form as evidence of its agreement with the Borrowers to be treated as a U.S. person with respect to such payments (and the Borrowers and the Administrative Agent agree to so treat the Administrative Agent as a U.S. person with respect to such payments as contemplated by U.S. Treasury Regulation § 1.1441-1(b)(2)(iv)) and (<u>C</u>) such other forms or certifications as may be sufficient under applicable law to establish that the Administrative Agent is entitled to receive any payment by any Borrower under this Agreement or any Notes (whether for its own account or for the account of others) without deduction or withholding of any U.S. federal income taxes;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) deliver to the Borrower Representative two further accurate and complete original signed forms, or executed copies of such forms or certifications provided in <u>Subsection 4.11(d)(i)</u> on or before the date that any such form or certification expires or becomes obsolete and after the occurrence of any event requiring a change in the most recent form or certificate previously delivered by it to the Borrower Representative; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) obtain such extensions of time for filing and completing such forms or certifications as may reasonably be requested by the Borrower Representative or the Administrative Agent;

unless in any such case (other than with respect to United States backup withholding tax) there has been a Change in Law which renders all such forms inapplicable or which would prevent the Administrative Agent from duly completing and delivering any such form with respect to it and the Administrative Agent so advises the Borrower Representative.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) If any Lender or Agent is entitled to an exemption from or reduction of withholding Tax with respect to payments made under this Agreement or any Notes by any Loan Party, such Lender or Agent shall deliver to the applicable Borrower, promptly following the time or times reasonably requested by such Borrower, such properly completed and executed documentation required by applicable law or reasonably requested by such Borrower as will permit such payments to be made without withholding or at a reduced rate of withholding.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) If a payment made to an Agent or Lender under any Loan Document would be subject to U.S. federal withholding tax imposed by FATCA if such Agent or such Lender were to fail to comply with the applicable reporting requirements of FATCA, such Lender shall deliver to the Administrative Agent and the Borrower Representative, at the time or times prescribed by law and at such time or times reasonably requested by the Administrative Agent or the Borrower Representative, such documentation prescribed by applicable law and such additional documentation reasonably requested by the Administrative Agent or the Borrower Representative as may be necessary for the Administrative Agent and the Borrowers to comply with their respective obligations (including any applicable reporting requirements) under FATCA, to determine whether such Agent or such Lender has complied with such Agent's or such Lender's obligations under FATCA or to determine the amount to deduct and withhold from such payment. For the avoidance of doubt, the Borrowers and the Administrative Agent shall be permitted to withhold any Taxes imposed by FATCA. Solely for purposes of this clause (f), "FATCA" shall include any amendments made to FATCA after the date of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) The Borrowers shall timely pay to the relevant Governmental Authority in accordance with Applicable Law, or at the option of the Administrative Agent timely reimburse it for the payment of, any Other Taxes.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) For purposes of this <u>Subsection 4.11</u> and for purposes of <u>Subsection 4.13</u>, the term "Lender" includes any Issuing Bank.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.12 <u>Indemnity</u>. Each Borrower agrees to indemnify each Lender for, in respect of Extensions of Credit made, or requested to be made, to such Borrower, and to hold each such Lender harmless from, any loss or expense which such Lender may sustain or incur (other than through such Lender's bad faith, gross negligence or willful misconduct as determined by a court of competent jurisdiction in a final and nonappealable decision) as a consequence of (<u>a</u>) default by such Borrower in making a borrowing of, conversion into or continuation of Term Benchmark Loans (other than in Dollars) or RFR Loans after the Borrower Representative has given a notice requesting the same in accordance with the provisions of this Agreement, (<u>b</u>) default by such Borrower in making any prepayment or conversion of Term Benchmark Loans (other than in Dollars) or RFR Loans after the Borrower Representative has given a notice thereof in accordance with the provisions of this Agreement or (<u>c</u>) the making of a payment or prepayment of Term Benchmark Loans (other than in Dollars) or RFR Loans or the conversion of Term Benchmark Loans denominated in Canadian Dollars on a day which is not the last day of an Interest Period with respect thereto. Such indemnification may include an amount equal to the excess, if any, of (<u>i</u>) the amount of interest which would have accrued on the amount so prepaid, or converted, or not so borrowed, converted or continued, for the period

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from the date of such prepayment or conversion or of such failure to borrow, convert or continue to the last day of the applicable Interest Period (or, in the case of a failure to borrow, convert or continue, the Interest Period that would have commenced on the date of such failure) in each case at the applicable rate of interest for such Term Benchmark Loans or RFR Loans provided for pursuant to this <u>Subsection 4.12</u> (excluding, however, the Applicable Margin included therein, if any) <u>over</u> (<u>ii</u>) the amount of interest (as reasonably determined by such Lender) which would have accrued to such Lender on such amount by placing such amount on deposit for a comparable period with leading banks in the interbank eurodollar market. If any Lender becomes entitled to claim any amounts under the indemnity contained in this <u>Subsection 4.12</u>, it shall provide prompt notice thereof to the Borrower Representative, through the Administrative Agent, certifying (<u>x</u>) that one of the events described in clause (a), (b) or (c) has occurred and describing in reasonable detail the nature of such event, (<u>y</u>) as to the loss or expense sustained or incurred by such Lender as a consequence thereof and (<u>z</u>) as to the amount for which such Lender seeks indemnification hereunder and a reasonably detailed explanation of the calculation thereof. Such a certificate as to any indemnification pursuant to this <u>Subsection 4.12</u> submitted by such Lender, through the Administrative Agent, to the Borrower Representative shall be conclusive in the absence of manifest error. The applicable Borrower shall pay such Lender the amount shown as due on any such certificate within thirty (30) days after receipt thereof. This covenant shall survive the termination of this Agreement and the payment of the Term Loans and all other amounts payable hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.13 <u>Certain Rules Relating to the Payment of Additional Amounts</u>. (a) Upon the request, and at the expense of each applicable Borrower, each Lender and Agent to which any Borrower is required to pay any additional amount pursuant to <u>Subsection 4.10</u> or <u>4.11</u>, and any Participant in respect of whose participation such payment is required, shall reasonably afford any Borrower the opportunity to contest, and reasonably cooperate with such Borrower in contesting, the imposition of any Non-Excluded Tax giving rise to such payment; <u>provided</u> that (<u>i</u>) such Lender or Agent shall not be required to afford any Borrower the opportunity to so contest unless such Borrower shall have confirmed in writing to such Lender or Agent its obligation to pay such amounts pursuant to this Agreement and (<u>ii</u>) the Borrowers shall reimburse such Lender or Agent for its reasonable and documented out-of-pocket attorneys' and accountants' fees and disbursements incurred in so cooperating with any Borrower in contesting the imposition of such Non-Excluded Tax; <u>provided</u>, <u>however</u>, that notwithstanding the foregoing no Lender or Agent shall be required to afford any Borrower the opportunity to contest, or cooperate with any Borrower in contesting, the imposition of any Non-Excluded Taxes, if such Lender or Agent in its sole discretion in good faith determines that to do so would have an adverse effect on it.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) If a Lender changes its applicable lending office (other than (<u>i</u>) pursuant to clause (c) below or (<u>ii</u>) after an Event of Default under <u>Subsection 9.1(a)</u> or <u>(f)</u> has occurred and is continuing) and the effect of such change, as of the date of such change, would be to cause any Borrower to become obligated to pay any additional amount under <u>Subsection 4.10</u> or <u>4.11</u>, such Borrower shall not be obligated to pay such additional amount.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) If a condition or an event occurs which would, or would upon the passage of time or giving of notice, result in the payment of any additional amount to any Lender or Agent by any Borrower pursuant to <u>Subsection 4.10</u> or <u>4.11</u> or result in Affected Loans or commitments to make Affected Loans being automatically converted to Base Rate Loans, Canadian Prime Rate Loans or Loans bearing an alternate rate of interest or commitments to make Base Rate Loans, Canadian Prime Rate Loans or Loans bearing an alternate rate of interest, as the case may be, pursuant to <u>Subsection 4.9</u>, such Lender or Agent shall promptly notify the Borrower Representative and the Administrative Agent and shall take such steps as may reasonably be available to it to mitigate the effects of such condition or event (which shall include efforts to rebook the Loans and Commitments held by such Lender at another lending office, or through another branch or an affiliate, of such Lender); <u>provided</u> that such Lender or Agent shall not be required to take any step that, in its reasonable judgment, would be materially disadvantageous to its business or operations or would require it to incur additional costs (unless the Borrowers agree to reimburse such Lender or Agent for the reasonable incremental out-of-pocket costs thereof).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) If any Borrower shall become obligated to pay additional amounts pursuant to <u>Subsection 4.10</u> or <u>4.11</u> and any affected Lender shall not have promptly taken steps necessary to avoid the need for payments under <u>Subsection 4.10</u> or <u>4.11</u> or if Affected Loans or commitments to make Affected Loans are automatically converted to Base Rate Loans, Canadian Prime Rate Loans or Loans bearing an alternate rate of interest or commitments to make Base Rate Loans, Canadian Prime Rate Loans or Loans bearing an alternate rate of interest, as the case may be, under <u>Subsection 4.9</u> and any affected Lender shall not have promptly taken steps necessary to avoid the need for such conversion under <u>Subsection 4.9</u>, the Borrower Representative shall have the right, for so long as such obligation remains, (<u>i</u>) with the assistance of the Administrative Agent to seek one or more substitute Lenders reasonably satisfactory to the Administrative Agent and the Borrower Representative to purchase the affected Loan or Commitment, in whole or in part, at an aggregate price no less than such Loan's or Commitment's principal amount <u>plus</u> accrued interest, and assume the affected obligations under this Agreement, or (<u>ii</u>) so long as no Event of Default under <u>Subsection 9.1(a)</u> or <u>(f)</u> then exists or will exist immediately after giving effect to the respective prepayment, upon notice to the Administrative Agent to prepay the affected Loan, in whole or in part, subject to <u>Subsection 4.12</u>, without premium or penalty. In the case of the substitution of a Lender, then, the Borrower Representative, the Administrative Agent, the affected Lender, and any substitute Lender shall execute and deliver an appropriately completed Assignment and Acceptance pursuant to <u>Subsection 11.6(b)</u> to effect the assignment of rights to, and the assumption of obligations by, the substitute Lender; <u>provided</u> that any fees required to be paid by <u>Subsection 11.6(b)</u> in connection with such assignment shall be paid by the applicable Borrower or the substitute Lender. In the case of a prepayment of an affected Loan, the amount specified in the notice shall be due and payable on the date specified therein, together with any accrued interest to such date on the amount prepaid. In the case of each of the substitution of a Lender and of the prepayment of an affected Loan, the applicable Borrower shall first pay the affected Lender any additional amounts owing under <u>Subsections 4.10</u> and <u>4.11</u> (as well as any commitment fees and other amounts then due and owing to such Lender, including any amounts under this <u>Subsection 4.13</u>) prior to such substitution or prepayment. In the case of the substitution of a Lender pursuant to this <u>Subsection 4.13(d)</u>, if the Lender being replaced does not execute and deliver to the Administrative Agent a duly completed Assignment and Acceptance and/or any other documentation necessary to reflect such replacement by the later of (<u>a</u>) the date on which the assignee Lender executes and delivers such Assignment and Acceptance and/or such other documentation and

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(<u>b</u>) the date as of which all obligations of the Borrowers owing to such replaced Lender relating to the Loans and participations so assigned shall be paid in full by the assignee Lender and/or the Borrowers to such Lender being replaced, then the Lender being replaced shall be deemed to have executed and delivered such Assignment and Acceptance and/or such other documentation as of such date and the Borrower Representative shall be entitled (but not obligated) to execute and deliver such Assignment and Acceptance and/or such other documentation on behalf of such Lender.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) If any Agent or any Lender receives a refund directly attributable to Taxes for which any of the Borrowers has indemnified such Person pursuant to <u>Subsection 4.10</u> or <u>Subsection 4.11</u> (including payments of additional amounts pursuant to <u>Subsection 4.10(a)</u> or <u>4.11(a))</u>, such Agent or such Lender, as the case may be, shall promptly pay such refund (together with any interest with respect thereto received from the relevant taxing authority, but net of any reasonable out-of-pocket cost incurred in connection therewith) to such Borrower; <u>provided</u>, <u>however</u>, that such Borrower agrees promptly to return such refund (together with any interest with respect thereto due to the relevant taxing authority) (free of all Non-Excluded Taxes) to such Agent or the applicable Lender, as the case may be, upon receipt of a notice that such refund is required to be repaid to the relevant taxing authority.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) The obligations of any Agent, Lender or Participant under this <u>Subsection</u> <u>4.13</u> shall survive the termination of this Agreement and the payment of the Term Loans and all amounts payable hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.14 <u>Defaulting Lenders</u>. Notwithstanding anything contained in this Agreement to the contrary, if any Revolving Lender becomes a Defaulting Lender, then the following provisions shall apply for so long as such Revolving Lender is a Defaulting Lender:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) no commitment fee shall accrue for the account of such Defaulting Lender so long as such Lender shall be a Defaulting Lender (except to the extent it is payable to the applicable Issuing Bank pursuant to clause (d)(v) below);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) in determining the Required Lenders, Required Majority in Interest Lenders or Required Revolving Lenders, any Lender that at the time is a Defaulting Lender (and the Loans and/or Revolving Commitment of such Defaulting Lender) shall be excluded and disregarded;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the Borrower Representative shall have the right, at its sole expense and effort (<u>i</u>) to seek one or more Persons reasonably satisfactory to the Administrative Agent and the Borrower Representative to each become a substitute Revolving Lender and assume all or part of the Commitment of any Defaulting Lender and the Borrower Representative, the Administrative Agent and any such substitute Revolving Lender shall execute and deliver, and such Defaulting Lender shall thereupon be deemed to have executed and delivered, an appropriately completed Assignment and Acceptance to effect such substitution or (<u>ii</u>) so long as no Event of Default under <u>Subsection 9.1(a)</u> or <u>(f)</u> then exists or will exist immediately after giving effect to the respective prepayment, upon notice to the Administrative Agent, to prepay the Loans and, at the Borrower Representative's option, terminate the Commitments of such Defaulting Lender, in whole or in part, without premium or penalty;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) if any Swing Line Exposure exists or any L/C-B/A Obligations exist at the time a Revolving Lender becomes a Defaulting Lender then:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) all or any part of such Swing Line Exposure and L/C-B/A Obligations shall be re-allocated among the Non-Defaulting Lenders in accordance with their respective Revolving Commitment Percentages but only to the extent the sum of all Non-Defaulting Lenders' Revolving Exposures <u>plus</u> such Defaulting Lender's Swing Line Exposure and L/C-B/A Obligations does not exceed the total of all Non-Defaulting Lenders' Revolving Commitments;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) if the reallocation described in clause (i) above cannot, or can only partially, be effected, the Parent Borrower shall within one (1) Business Day following notice by the Administrative Agent (<u>x</u>) first, prepay such Defaulting Lender's Swing Line Exposure and (<u>y</u>) second, cash collateralize only such Defaulting Lender's L/C-B/A Obligations (after giving effect to any partial reallocation pursuant to clause (i) above) on terms reasonably satisfactory to the applicable Issuing Bank for so long as such L/C-B/A Obligations are outstanding;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) if all or any portion of such Defaulting Lender's L/C-B/A Obligations is reallocated to the Non-Defaulting Lenders pursuant to clause (i) above, then the letter of credit commission with respect to such portion shall be allocated among the Non-Defaulting Lenders in accordance with their Revolving Commitment Percentages;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) if the Parent Borrower cash collateralizes any portion of such Defaulting Lender's L/C-B/A Obligations pursuant to clause (ii) above, the Parent Borrower shall not be required to pay the L/C Facing Fee for participation with respect to such portion of such Defaulting Lender's L/C-B/A Obligations so long as it is cash collateralized; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) if all or any portion of such Defaulting Lender's L/C-B/A Obligations is neither cash collateralized nor reallocated pursuant to this <u>Subsection 4.14(d)</u>, then, without prejudice to any rights or remedies of any Issuing Bank or any Revolving Lender hereunder, the commitment fee that otherwise would have been payable to such Defaulting Lender (with respect to the portion of such Defaulting Lender's Commitment that was utilized by such L/C-B/A Obligations) and the letter of credit commission payable with respect to such Defaulting Lender's L/C-B/A Obligations shall be payable to the applicable Issuing Bank until such L/C-B/A Obligations are cash collateralized and/or reallocated;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) so long as any Revolving Lender is a Defaulting Lender, the Swing Line Lender shall not be required to fund any Swing Line Loan and the Issuing Banks shall not be required to issue, amend, extend or increase any Letter of Credit or create, amend or increase any Bankers' Acceptance unless they are respectively satisfied that the related exposure will be 100% covered by the Revolving Commitments of the Non-Defaulting Lenders and/or cash collateralized on terms reasonably satisfactory to the applicable Issuing Bank, participations

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in any such newly issued or increased Letter of Credit, newly created or increased Bankers' Acceptance or newly made Swing Line Loan shall be allocated among Non-Defaulting Lenders in accordance with their respective Revolving Commitment Percentages (and Defaulting Lenders shall not participate therein);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) any amount payable to such Defaulting Lender hereunder (whether on account of principal, interest, fees or otherwise and including any amount that would otherwise be payable to such Defaulting Lender pursuant to <u>Subsection 11.7</u>) may, in lieu of being distributed to such Defaulting Lender, be retained by the Administrative Agent in a segregated non-interest bearing account and, subject to any applicable Requirements of Law, be applied at such time or times as may be determined by the Administrative Agent (<u>i</u>) <u>first</u>, to the payment of any amounts owing by such Defaulting Lender to the Administrative Agent hereunder, (<u>ii</u>) <u>second</u>, pro rata, to the payment of any amounts owing by such Defaulting Lender to the Issuing Banks or Swing Line Lender hereunder, (<u>iii</u>) <u>third</u>, to the funding of any Loan or the funding or cash collateralization of any participation in any Swing Line Loan, Letter of Credit or Bankers' Acceptance in respect of which such Defaulting Lender has failed to fund its portion thereof as required by this Agreement, as determined by the Administrative Agent, (<u>iv</u>) <u>fourth</u>, if so determined by the Administrative Agent and the Borrower Representative, held in such account as cash collateral for future funding obligations of the Defaulting Lender under this Agreement, (<u>v</u>) <u>fifth</u>, pro rata, to the payment of any amounts owing to the Borrowers or the Lenders as a result of any judgment of a court of competent jurisdiction obtained by the Borrowers or any Lender against such Defaulting Lender as a result of such Defaulting Lender's breach of its obligations under this Agreement and (<u>vi</u>) <u>sixth</u>, to such Defaulting Lender or as otherwise directed by a court of competent jurisdiction; <u>provided</u> that if such payment is (<u>x</u>) a prepayment of the principal amount of any Loans or Reimbursement Obligations in respect of L/C-B/A Disbursements in respect of which a Defaulting Lender has funded its participation obligations and (<u>y</u>) made at a time when the conditions set forth in <u>Subsection 6.2</u> are satisfied, such payment shall be applied solely to prepay the Loans of, and Reimbursement Obligations owed to, all Non-Defaulting Lenders pro rata prior to being applied to the prepayment of any Loans, or Reimbursement Obligations owed to, any Defaulting Lender; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) In the event that the Administrative Agent, the Borrower Representative, each applicable Issuing Bank or the Swing Line Lender, as the case may be, each agrees that a Defaulting Lender has adequately remedied all matters that caused such Lender to be a Defaulting Lender, then the Swing Line Exposure and L/C-B/A Obligations of the Lenders shall be readjusted to reflect the inclusion of such Lender's Revolving Commitment and on such date such Lender shall purchase at par (together with any break funding incurred by the Lenders as a result of such purchase) such of the Loans of the other Lenders as the Administrative Agent shall determine may be necessary in order for such Lender to hold such Loans in accordance with its Revolving Commitment Percentage. The rights and remedies against a Defaulting Lender under this <u>Subsection 4.14</u> are in addition to other rights and remedies that the Borrower Representative, the Administrative Agent, the Issuing Banks, the Swing Line Lender and the Non-Defaulting Lenders may have against such Defaulting Lender. The arrangements permitted or required by this <u>Subsection 4.14</u> shall be permitted under this Agreement, notwithstanding any limitation on Liens or the pro rata sharing provisions or otherwise.

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SECTION 5

<u>Representations and Warranties</u> 

To induce the Administrative Agent and each Lender to make the Extensions of Credit requested to be made by it on the Closing Date and on each other date thereafter on which an Extension of Credit is made, the Parent Borrower with respect to itself and its Restricted Subsidiaries, hereby represents and warrants, on the Closing Date, in each case after giving effect to the Transactions (solely to the extent required to be true and correct for such Extension of Credit pursuant to <u>Subsection 6.1</u>), and on every other date thereafter on which an Extension of Credit is made (solely to the extent required to be true and correct for such Extension of Credit pursuant to <u>Subsection 6.2</u>), to the Administrative Agent and each Lender that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.1 <u>Financial Condition</u>. (a) (<u>I</u>) (<u>i</u>) The audited consolidated balance sheets of the Parent Borrower as of December 31, 2024, December 31, 2023 and December 31, 2022 and the related consolidated statements of operations, equity and cash flows of the Parent Borrower for the fiscal years ended December 31, 2024, December 31, 2023 and December 31, 2022, reported on by and accompanied by unqualified reports from Ernst & Young LLP, and (<u>ii</u>) the unaudited consolidated balance sheets of the Parent Borrower and the related consolidated statements of operations and cash flows of the Parent Borrower for the fiscal quarter ended September 30, 2025 present fairly, in all material respects, the consolidated financial condition as at such dates, and the consolidated statements of operations and consolidated cash flows for the respective periods then ended, of the Parent Borrower and (<u>II</u>) (<u>i</u>) the audited consolidated balance sheets of Kito Crosby as of December 31, 2024, December 31, 2023 and December 31, 2022 and the related consolidated statements of income, equityholders' equity and cash flows of Kito Crosby for the fiscal years ended December 31, 2024, December 31, 2023 and December 31, 2022, reported on by and accompanied by unqualified reports from Deloitte & Touche LLP, and (<u>ii</u>) the unaudited consolidated balance sheets of Kito Crosby and the related consolidated statements of income, equityholders' equity and cash flows of Kito Crosby for the fiscal quarter ended September 30, 2025 present fairly, in all material respects, the consolidated financial condition as at such dates, and the consolidated statements of income and consolidated cash flows for the respective periods then ended, of Kito Crosby. All such financial statements, including the related schedules and notes thereto, have been prepared in accordance with GAAP consistently applied throughout the periods covered thereby (except as approved by a Responsible Officer, and disclosed in any such schedules and notes).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) As of the Closing Date, except as set forth in the financial statements referred to in <u>Subsection 5.1(a)</u>, there are no liabilities of any Loan Party of any kind, whether accrued, contingent, absolute, determined, determinable or otherwise, to the extent such liabilities would be required to be shown in accordance with GAAP, which would reasonably be expected to result in a Material Adverse Effect.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The unaudited pro forma consolidated balance sheet and the related unaudited pro forma consolidated statement of operations of the Parent Borrower and its Subsidiaries as of and for the 12-month period ending on September 30, 2025, adjusted to give effect (as if such events had occurred on such date for purposes of the balance sheet and at the beginning of such period, for purposes of the statement of operations), to the consummation of the Transactions, and the Extensions of Credit hereunder on the Closing Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The Projections have been prepared by management of the Parent Borrower in good faith based upon assumptions believed by management to be reasonable at the time of preparation thereof (it being understood that such Projections, and the assumptions on which they were based, may or may not prove to be correct).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.2 <u>No Change; No Internal Control Event; Solvent</u>. (a) There has been no development or event relating to or affecting any Loan Party which has had or would be reasonably expected to have a Material Adverse Effect (after giving effect to (<u>i</u>) the consummation of the Transactions, (<u>ii</u>) the making of the Extensions of Credit to be made on the Closing Date and the application of the proceeds thereof as contemplated hereby, and (<u>iii</u>) the payment of actual or estimated fees, expenses, financing costs and tax payments related to the Transactions contemplated hereby).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) To the knowledge of the Parent Borrower, no Internal Control Event exists that has resulted in or would reasonably be expected to result in a misstatement in any material respect, in any financial information delivered or to be delivered to the Administrative Agent or the Lenders, of (i) covenant compliance calculations provided hereunder or (ii) the assets, liabilities, financial condition or results of operations of the Parent Borrower and its Subsidiaries on a consolidated basis.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) As of the Closing Date, after giving effect to the consummation of the Transactions to be consummated on the Closing Date, the Parent Borrower, together with its Subsidiaries on a consolidated basis, is Solvent.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.3 <u>Corporate Existence; Compliance with Law</u> Each of the Loan Parties (<u>a</u>) is duly organized, validly existing and (to the extent applicable in the relevant jurisdiction) in good standing under the laws of the jurisdiction of its incorporation or formation, except (other than with respect to the Borrowers) to the extent that the failure to be organized, existing and (to the extent applicable) in good standing would not reasonably be expected to have a Material Adverse Effect, (<u>b</u>) has the legal right to own and operate its property, to lease the property it operates as lessee and to conduct the business in which it is currently engaged, except to the extent that the failure to have such legal right would not be reasonably expected to have a Material Adverse Effect, (<u>c</u>) is duly qualified as a foreign corporation or limited liability company and (to the extent applicable in the relevant jurisdiction) in good standing under the laws of each jurisdiction where its ownership, lease or operation of property or the conduct of its business requires such qualification, other than in such jurisdictions where the failure to be so qualified and (to the extent applicable) in good standing would not be reasonably expected to have a Material Adverse Effect and (<u>d</u>) is in compliance with all Requirements of Law, except to the extent that the failure to comply therewith would not, in the aggregate, be reasonably expected to have a Material Adverse Effect.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.5 <u>No Legal Bar</u>. The execution, delivery and performance of the Loan Documents by any of the Loan Parties, the Extensions of Credit hereunder and the use of the proceeds thereof (<u>a</u>) will not violate any Requirement of Law or Contractual Obligation of such Loan Party in any respect that would reasonably be expected to have a Material Adverse Effect, (<u>b</u>) will not result in, or require the creation or imposition of any Lien (other than Liens securing the Senior Secured Facilities Obligations or otherwise permitted hereby) on any of its properties or revenues pursuant to any such Requirement of Law or Contractual Obligation and (<u>c</u>) will not violate any provision of the Organizational Documents of such Loan Party or any of the Restricted Subsidiaries, except (other than with respect to the Borrowers) as would not reasonably be expected to have a Material Adverse Effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.6 <u>No Material Litigation</u>. No litigation, investigation or proceeding of or before any arbitrator or Governmental Authority is pending or, to the knowledge of the Parent Borrower, threatened by or against the Parent Borrower or any of its Restricted Subsidiaries or against any of their respective properties or revenues, (<u>a</u>) except as described on <u>Schedule 5.6</u>, which is so pending or threatened at any time on or prior to the Closing Date and relates to any of the Loan Documents or any of the transactions contemplated hereby or thereby or (<u>b</u>) which would be reasonably expected to have a Material Adverse Effect.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.7 <u>No Default</u>. Neither the Parent Borrower nor any of its Restricted Subsidiaries is in default under or with respect to any of its Contractual Obligations in any respect which would be reasonably expected to have a Material Adverse Effect. Since the Closing Date, no Default or Event of Default has occurred and is continuing.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.8 <u>Ownership of Property; Liens</u>. Each of the Parent Borrower and its Restricted Subsidiaries has good title in fee simple to, or a valid leasehold interest in, all its material real property located in the United States of America that is necessary or used in the ordinary conduct of its business, and good title to, or a valid leasehold interest in, all its other material property located in the United States of America that is necessary or used in the ordinary conduct of its business, except those for which the failure to have such good title or such valid leasehold interest would not be reasonably expected to have a Material Adverse Effect, and none of such real or other property is subject to any Lien, except for Liens permitted hereby (including Permitted Liens). <u>Schedule 5.8</u> sets forth all Mortgaged Fee Properties as of the Closing Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.9 <u>Intellectual Property; Licenses; Cybersecurity, Etc</u>. Except as would not reasonably be expected to result in a Material Adverse Effect, the Parent Borrower and its Subsidiaries own, or have the right to use, all of the trademarks, service marks, logos, domain names, trade names, copyrights, patents, patent rights, know-how, trade secrets, proprietary confidential information, franchises, licenses and other intellectual property rights, and all registrations and applications for registration of the foregoing (collectively, "<u>IP Rights</u>") that are reasonably necessary for the operation of their respective businesses, without conflict with the rights of any other Person and such IP rights are not subject to any Liens, other than Liens permitted under <u>Subsection 8.6</u>. The operation of the businesses of the Parent Borrower and its Subsidiaries as currently conducted does not infringe upon any rights held by any other Person, except for any such infringement which, either individually or in the aggregate, would not reasonably be expected to have a Material Adverse Effect. Set forth on <u>Schedule 5.9</u> hereto is a complete list of all patents, trademarks and copyrights, and all applications for registration of same, owned by the Parent Borrower and its Subsidiaries, and all agreements granting exclusive rights to registered U.S. copyrights to which the Parent Borrower or any of its Subsidiaries is a party, as of the Closing Date, and all such items are valid and subsisting as of such date. No action, suit, proceeding, claim or dispute regarding any of the foregoing is pending or, to the best knowledge of the Parent Borrower, threatened or contemplated, at law, in equity, in arbitration or before any Governmental Authority which, either individually or in the aggregate, would reasonably be expected to have a Material Adverse Effect. The Parent Borrower and each of its Subsidiaries have taken commercially reasonable actions to protect and maintain (1) their material trade secrets and confidential information and data, and (2) the integrity, operation and security of their material software, websites and systems (and the data therein), and there has been no unauthorized access to or acquisition of the Parent Borrower's and its Subsidiaries' material trade secrets or confidential information other than such incidents that were resolved without resulting in a Material Adverse Effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.10 <u>Taxes</u>. To the knowledge of the Parent Borrower, (<u>1</u>) the Parent Borrower and each of its Restricted Subsidiaries has filed or caused to be filed all material tax returns which are required to be filed by it and has paid (<u>a</u>) all Taxes shown to be due and payable on such returns and (<u>b</u>) all Taxes shown to be due and payable on any assessments of which it has received notice made against it or any of its property (including the Mortgaged Fee Properties) and all other Taxes imposed on it or any

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of its property by any Governmental Authority; and (<u>2</u>) no Tax Liens have been filed (except for Liens for Taxes not yet due and payable), and no claim is being asserted in writing, with respect to any such Taxes (in each case other than in respect of any such (<u>i</u>) Taxes with respect to which the failure to pay, in the aggregate, would not reasonably be expected to have a Material Adverse Effect or (<u>ii</u>) Taxes the amount or validity of which are currently being contested in good faith by appropriate proceedings diligently conducted and with respect to which reserves in conformity with GAAP have been provided on the books of the Parent Borrower or its Restricted Subsidiaries, as the case may be).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.11 <u>Federal Regulations</u>. No part of the proceeds of any Extensions of Credit will be used for any purpose which violates the provisions of the Regulations of the Board, including Regulation T, Regulation U or Regulation X of the Board. If requested by any Lender or the Administrative Agent, the Borrower Representative will furnish to the Administrative Agent and each Lender a statement to the foregoing effect in conformity with the requirements of FR Form G-3 or FR Form U-1, referred to in said Regulation U.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.12 <u>ERISA</u>. (a) During the five (5) year period prior to each date as of which this representation is made, or deemed made, with respect to any Plan, none of the following events or conditions, either individually or in the aggregate, has resulted or is reasonably likely to result in a Material Adverse Effect: (<u>i</u>) a Reportable Event, (<u>ii</u>) a failure to satisfy the minimum funding standard (within the meaning of Section 412 of the Code or Section 302 of ERISA), (<u>iii</u>) any noncompliance with the applicable provisions of ERISA or the Code, (<u>iv</u>) a termination of a Single Employer Plan (other than a standard termination pursuant to Section 4041(b) of ERISA), (<u>v</u>) a Lien on the property of the Parent Borrower or its Restricted Subsidiaries in favor of the PBGC or a Plan, (<u>vi</u>) a complete or partial withdrawal from any Multiemployer Plan by the Parent Borrower or any Commonly Controlled Entity, (<u>vii</u>) the Insolvency of any Multiemployer Plan; or (<u>viii</u>) any transactions that resulted or would reasonably be expected to result in any liability to the Parent Borrower or any Commonly Controlled Entity under Section 4069 of ERISA or Section 4212(c) of ERISA.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) With respect to any Foreign Plan, none of the following events or conditions exists and is continuing that, either individually or in the aggregate, would reasonably be expected to have a Material Adverse Effect: (<u>i</u>) substantial non-compliance with its terms and with the requirements of any and all applicable laws, statutes, rules, regulations and orders, (<u>ii</u>) failure to be maintained, where required, in good standing with applicable regulatory authorities, (<u>iii</u>) any obligation of the Parent Borrower or its Restricted Subsidiaries in connection with the termination or partial termination of, or withdrawal from, any Foreign Plan, (<u>iv</u>) any Lien on the property of the Parent Borrower or its Restricted Subsidiaries in favor of a Governmental Authority as a result of any action or inaction regarding a Foreign Plan, (<u>v</u>) for each Foreign Plan which is a funded or insured plan, failure to be funded or insured on an ongoing basis to the extent required by applicable non-U.S. law (using actuarial methods and assumptions which are consistent with the valuations last filed with the applicable Governmental Authorities), (<u>vi</u>) any facts that, to the best knowledge of the Parent Borrower or any of its Restricted Subsidiaries, exist that would reasonably be expected to give rise to a dispute and any pending or threatened disputes that, to the best knowledge of the Parent Borrower or any of its Restricted Subsidiaries, would reasonably be expected to result in a material liability to the Parent Borrower or any of its Restricted Subsidiaries concerning the assets of any Foreign Plan (other than individual claims for the payment of benefits); and (<u>vii</u>) failure to make all contributions in a timely manner to the extent required by applicable non-U.S. law.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.13 <u>Collateral</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Upon execution and delivery thereof by the parties thereto, the Guarantee and Collateral Agreement and the Mortgages (if any) will be effective to create (to the extent described therein) in favor of the Collateral Agent for the benefit of the Secured Parties, a valid and enforceable security interest in or liens on the Collateral described therein, except as to enforcement, as may be limited by applicable domestic or foreign bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and other similar laws relating to or affecting creditors' rights generally, general equitable principles (whether considered in a proceeding in equity or at law) and an implied covenant of good faith and fair dealing. When (<u>a</u>) all Filings (as defined in the Guarantee and Collateral Agreement) have been completed, (<u>b</u>) all applicable Instruments, Chattel Paper and Documents (each as defined in the Guarantee and Collateral Agreement) constituting Collateral, a security interest in which is perfected by possession, have been delivered to, and/or are in the continued possession of, the Collateral Agent, the applicable Collateral Representative or any Additional Agent, as applicable (or their respective agents appointed for purposes of perfection), in accordance with the applicable Intercreditor Agreement or Other Intercreditor Agreement, (<u>c</u>) all Deposit Accounts and Pledged Stock (each as defined in the Guarantee and Collateral Agreement) constituting Collateral, a security interest in which is required by the Security Documents to be perfected by "control" (as described in the Uniform Commercial Code as in effect in each applicable jurisdiction (in the case of Deposit Accounts) and the State of New York (in the case of Pledged Stock) from time to time), are under the "control" of the Collateral Agent, the Administrative Agent, the applicable Collateral Representative or any Additional Agent, as applicable (or their respective agents appointed for purposes of perfection), in accordance with the applicable Intercreditor Agreement or Other Intercreditor Agreement, and (<u>d</u>) the Mortgages (if any) have been duly recorded in the proper recorders' offices or appropriate public records and the mortgage recording fees and taxes in respect thereof, if any, are paid and compliance is otherwise had with the formal requirements of state or local law applicable to the recording of real property mortgages generally, the security interests and liens granted pursuant to the Guarantee and Collateral Agreement and the Mortgages (if any) shall constitute (to the extent described therein and with respect to the Mortgages (if any), only as relates to the real property security interests and liens granted pursuant thereto) a perfected security interest in (to the extent intended to be created thereby and required to be perfected under the Loan Documents), all right, title and interest of each pledgor or mortgagor (as applicable) party thereto in the Collateral described therein (excluding Commercial Tort Claims, as defined in the Guarantee and Collateral Agreement, other than such Commercial Tort Claims set forth on Schedule 6 thereto (if any)) with respect to such pledgor or mortgagor (as applicable). Notwithstanding any other provision of this Agreement, capitalized terms that are used in this <u>Section</u> <u>5.13</u> and not defined in this Agreement are so used as defined in the applicable Security Document.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Upon execution and delivery thereof by the parties thereto, the Foreign Security Documents will be effective to create (to the extent described therein) in favor of the Collateral Agent for the benefit of the Secured Parties, a valid and enforceable security interest in or liens on the Collateral described therein, except as to enforcement, as may be limited by applicable bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and other similar laws relating to or affecting creditors' rights generally, general equitable principles (whether considered in a proceeding in equity or at law) and an implied covenant of good faith and fair dealing. When the relevant filings and perfection actions are taken in the jurisdiction of such Foreign Security Documents, in accordance with the applicable Intercreditor Agreement or Other Intercreditor Agreement, the security interests and liens granted pursuant to such Foreign Security Documents shall constitute (to the extent such concept exists in such jurisdiction and is described in such Foreign Security Documents) a perfected security interest in (to the extent intended to be created thereby and required to be perfected under the Loan Documents), all right, title and interest of each pledgor party thereto in the Collateral described therein with respect to such pledgor.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.14 <u>Investment Company Act; Other Regulations</u>. None of the Borrowers is required to be registered as an "investment company", or a company "controlled" by an entity required to be registered as an "investment company", within the meaning of the Investment Company Act. None of the Borrowers is subject to regulation under any federal or state statute or regulation (other than Regulation X of the Board) which limits its ability to incur Indebtedness as contemplated hereby.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.15 <u>Subsidiaries; Equity Interests</u>. <u>Schedule 5.15</u> sets forth all the Subsidiaries of the Parent Borrower at the Closing Date (after giving effect to the Transactions), the jurisdiction of their organization and the direct or indirect ownership interest of the Parent Borrower therein, and all of the outstanding Capital Stock in such Subsidiaries has been validly issued, is fully paid and nonassessable and is owned by a Loan Party in the amounts specified on <u>Schedule 5.15</u> free and clear of all Liens. As of the Closing Date, the Loan Parties have no equity investments in any other Person other than those specifically disclosed in <u>Schedule 5.15</u>. All of the outstanding Capital Stock in the Parent Borrower has been validly issued and is fully paid and nonassessable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.16 <u>Purpose of Loans</u>. The proceeds of Term Loans shall be used by the Borrowers (<u>i</u>) in the case of the Initial Term Loans on the Closing Date, to effect, in part, the Transactions, and to pay certain fees and expenses relating thereto and (<u>ii</u>) in the case of all other Term Loans, to finance the working capital, capital expenditures and business requirements of the Parent Borrower and its Subsidiaries and for other purposes not prohibited by this Agreement. The proceeds of the Revolving Loans may be used by the Borrowers on or after the Closing Date to pay amounts owing to effect the Transactions, to replace, backstop or cash collateralize the Existing Letters of Credit, to finance the working capital and business requirements of, and for Capital Expenditures and for other purposes of, the Parent Borrower and its Subsidiaries not prohibited by this Agreement; <u>provided</u> that no more than $75,000,000 of Initial Revolving Loans (exclusive of Letter of Credit usage) may be used on the Closing Date to fund fees and expenses in connection with the Transactions, finance capital expenditures and for other general corporate purposes, plus such additional amount of Initial Revolving Loans which may be drawn on the Closing Date for certain purposes, for ordinary course working capital purposes (including to refinance any Indebtedness Incurred for working capital purposes) and to fund any purchase price adjustments in accordance with the terms of the Keystone Purchase Agreement.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.17 <u>Environmental Matters</u>. The Parent Borrower and its Subsidiaries conduct in the ordinary course of business a review of the effect of existing Environmental Laws and claims alleging potential Environmental Liability on their respective businesses, operations and properties, and as a result thereof the Parent Borrower has reasonably concluded that, except as specifically disclosed in <u>Schedule 5.17</u>, such Environmental Laws and claims would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.18 <u>Disclosure</u>. (a) As of the Closing Date, the Parent Borrower has disclosed to the Administrative Agent and the Lenders all agreements, instruments and corporate or other restrictions to which it or any of its Subsidiaries is subject, and all other matters known to it, that, individually or in the aggregate, would reasonably be expected to result in a Material Adverse Effect. No report, financial statement, certificate or other information furnished (whether in writing or orally) by or on behalf of any Loan Party to the Administrative Agent or any Lender in connection with the transactions contemplated hereby and the negotiation of this Agreement or delivered hereunder or under any other Loan Document (in each case, as modified or supplemented by other information so furnished) contains any material misstatement of fact or omits to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading; <u>provided</u> that with respect to projected financial information, the Parent Borrower represents only that such information was prepared in good faith based upon assumptions believed to be reasonable at the time. It is understood that (<u>a</u>) no representation or warranty is made concerning the forecasts, estimates, pro forma information, projections and statements as to anticipated future performance or conditions, and the assumptions on which they were based or concerning any information of a general economic nature or general information about the Parent Borrower's and its Subsidiaries' industry, contained in any such information, reports, financial statements, exhibits or schedules, except that, in the case of such forecasts, estimates, pro forma information, projections and statements, as of the date such forecasts, estimates, pro forma information, projections and statements were generated, (<u>i</u>) such forecasts, estimates, pro forma information, projections and statements were based on the good faith assumptions of the management of the Parent Borrower and (<u>ii</u>) such assumptions were believed by such management to be reasonable and (<u>b</u>) such forecasts, estimates, pro forma information and statements, and the assumptions on which they were based, may or may not prove to be correct.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) As of the Closing Date, to the best knowledge of the Parent Borrower, the information included in the Beneficial Ownership Certification provided on or prior to the Closing Date to any Lender in connection with this Agreement is true and correct in all respects.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.19 <u>Taxpayer Identification Number; Other Identifying Information</u>. The true and correct U.S. taxpayer identification number of the Parent Borrower and each Designated Borrower that is a Domestic Subsidiary and a party hereto on the Closing Date is set forth on <u>Schedule 5.19</u>. The true and correct unique identification number (if any) of each Designated Borrower that is a Foreign Subsidiary and a party hereto on the Closing Date that has been issued by its jurisdiction of organization and the name of such jurisdiction are set forth on <u>Schedule 5.19</u>.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.20 <u>Insurance</u>. The properties of the Parent Borrower and its Subsidiaries are insured with financially sound and reputable insurance companies not Affiliates of the Parent Borrower, in such amounts (after giving effect to any insurance coverage from CM Insurance Company, Inc. compatible with the following standards) with such deductibles and covering such risks as are customarily carried by companies engaged in similar businesses and owning similar properties in localities where the Parent Borrower or the applicable Subsidiary operates.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.21 <u>Anti-Corruption Laws and Sanctions</u>. The Parent Borrower has implemented and maintains in effect policies and procedures designed to ensure compliance by the Parent Borrower, its Subsidiaries and their respective directors, officers, employees and agents with Anti-Corruption Laws and applicable Sanctions, and the Parent Borrower, its Subsidiaries and their respective officers and employees, and to the knowledge of the Parent Borrower, its directors and agents, are in compliance with Anti-Corruption Laws and applicable Sanctions in all material respects and are not knowingly engaged in any activity that would reasonably be expected to result in the Parent Borrower being designated as a Sanctioned Person. None of (<u>a</u>) the Parent Borrower, any Subsidiary or any of their respective directors, officers or employees or (<u>b</u>) to the knowledge of the Parent Borrower, any agent of the Parent Borrower or any Subsidiary that will act in any capacity in connection with or benefit from the credit facility established hereby, is a Sanctioned Person. No Loan, Letter of Credit or Bankers' Acceptance, use of proceeds or other transaction contemplated by this Agreement will violate Anti-Corruption Laws or applicable Sanctions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.22 <u>[Reserved]</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.23 <u>[Reserved]</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.24 <u>Obligations as Senior Debt</u>. The Obligations are "Designated Senior Debt" (if applicable), "Senior Debt", "Senior Indebtedness", "Guarantor Senior Debt" or "Senior Secured Financing" (or any comparable term) under, and as defined in, any indenture or document governing any subordinated Indebtedness any document governing subordinated Indebtedness incurred by a Loan Party that is contractually subordinated in right of payment to the prior payment of all Obligations of such Loan Party.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.25 <u>Representations as to Foreign Loan Parties</u>. Each of the Parent Borrower and each Foreign Loan Party represents and warrants to the Administrative Agent and the Lenders that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Such Foreign Loan Party is subject to civil and commercial laws with respect to its obligations under this Agreement and the other Loan Documents to which it is a party (collectively as to such Foreign Loan Party, the "<u>Applicable Foreign Loan Party Documents</u>"), and the execution, delivery and performance by such Foreign Loan Party of the Applicable Foreign Loan Party Documents constitute and will constitute private and commercial acts and not public or governmental acts. Neither such Foreign Loan Party nor any of its property has any immunity from jurisdiction of any court or from any legal process (whether through service or notice, attachment prior to judgment, attachment in aid of execution, execution or otherwise) under the laws of the jurisdiction in which such Foreign Loan Party is organized and existing in respect of its obligations under the Applicable Foreign Loan Party Documents.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Applicable Foreign Loan Party Documents are in proper legal form under the laws of the jurisdiction in which such Foreign Loan Party is organized and existing for the enforcement thereof against such Foreign Loan Party under the laws of such jurisdiction, and to ensure the legality, validity, enforceability, priority or admissibility in evidence of the Applicable Foreign Loan Party Documents. It is not necessary to ensure the legality, validity, enforceability, priority or admissibility in evidence of the Applicable Foreign Loan Party Documents that the Applicable Foreign Loan Party Documents be filed, registered or recorded with, or executed or notarized before, any court or other authority in the jurisdiction in which such Foreign Loan Party is organized and existing, or that any registration charge or stamp or similar tax be paid on or in respect of the Applicable Foreign Loan Party Documents or any other document, except for (<u>i</u>) any such filing, registration, recording, execution or notarization as has been made or is not required to be made until the Applicable Foreign Loan Party Document or any other document is sought to be enforced and (<u>ii</u>) any charge or tax as has been timely paid.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The execution, delivery and performance of the Applicable Foreign Loan Party Documents executed by such Foreign Loan Party are, under applicable foreign exchange control regulations of the jurisdiction in which such Foreign Loan Party is organized and existing, not subject to any notification or authorization except (<u>i</u>) such as have been made or obtained or (<u>ii</u>) such as cannot be made or obtained until a later date (<u>provided</u> that any notification or authorization described in clause (ii) shall be made or obtained as soon as is reasonably practicable).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.26 <u>Affected Financial Institutions</u>. No Loan Party is an Affected Financial Institution.

SECTION 6

<u>Conditions Precedent</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1 <u>Conditions to Initial Extension of Credit</u>. This Agreement, including the agreement of each Lender to make the initial Extension of Credit requested to be made by it, shall become effective on the date on which the following conditions precedent shall have been satisfied or waived:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Loan Documents</u>. The Administrative Agent shall have received (or, in the case of certain Loan Parties, shall receive substantially concurrently with the satisfaction of the other conditions precedent set forth in this <u>Subsection 6.1</u>) the following Loan Documents, executed and delivered as required below:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) this Agreement, executed and delivered by the Parent Borrower and the German Borrower;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the Guarantee and Collateral Agreement, executed and delivered by each Loan Party required to be a signatory thereto; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) the Intercreditor Agreement, acknowledged by a duly authorized officer of each Loan Party;

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<u>provided</u> that, clause (ii) above notwithstanding, but without limiting the requirements set forth in <u>Subsections 6.1(h)</u> and <u>(i)</u>, to the extent that a valid security interest in the Collateral covered by the Guarantee and Collateral Agreement (to the extent and with priority contemplated therein) is not provided on the Closing Date and to the extent the Parent Borrower and its Subsidiaries have used commercially reasonable efforts to provide such Collateral, the provisions of clause (ii) above shall be deemed to have been satisfied and the Loan Parties shall be required to provide such Collateral in accordance with the provisions set forth in <u>Subsection 7.13</u> if, and only if, each Loan Party shall have executed and delivered the Guarantee and Collateral Agreement to the Administrative Agent and the Administrative Agent shall have a perfected security interest in all Collateral of the type for which perfection may be accomplished by filing (in the case of the Loan Parties that are Domestic Subsidiaries) a UCC financing statement and shall have possession of all certificated Capital Stock of the Domestic Subsidiaries of the Parent Borrower (to the extent constituting Collateral) together with undated stock powers executed in blank (<u>provided</u> that certificated Capital Stock of the Kito Crosby Entities will only be required to be delivered on the Closing Date to the extent received by the Parent Borrower from the Keystone Sellers, so long as the Parent Borrower has used commercially reasonable efforts to obtain them on the Closing Date).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Keystone Purchase Agreement</u>. The Acquisition shall have been or, substantially concurrently with the initial funding pursuant to the Debt Financing, shall be consummated in accordance with the terms of the Keystone Purchase Agreement, without giving effect to any modifications, amendments, express waivers or express consents thereunder by the Parent Borrower that are materially adverse to the Committed Lenders or the Lenders without the prior written consent of the Committed Lenders (it being understood and agreed that (<u>i</u>) any amendment, waiver, consent or other modification that decreases the purchase price in respect of the Acquisition shall be deemed not to be materially adverse to the Lenders so long as any decrease in the purchase price is allocated 100.0% to a reduction of the principal amount of the Other Secured Debt; <u>provided</u> that, if such reduction would reduce the principal amount of the Other Secured Debt below $300,000,000, then the decrease shall be allocated to reduce the Initial Term Loan Commitments and (<u>ii</u>) any amendment, waiver, consent or other modification that increases the purchase price in respect of the Acquisition (excluding, for the avoidance of doubt, any purchase price adjustments in accordance with the terms of the Keystone Purchase Agreement, with respect to which there shall be no limitation on source of funding) shall be deemed not to be materially adverse to the Lenders, so long as such increase is funded solely by cash, the proceeds of an equity contribution and/or the proceeds of Revolving Loans and (<u>iii</u>) any modification, amendment, express consent or express waiver of the definition of "Material Adverse Effect" in the Keystone Purchase Agreement shall be deemed to be materially adverse to the Committed Lenders and the Lenders; <u>provided</u> that Committed Lenders shall be deemed to have consented to such modification, amendment, express waiver or express consent unless they shall object thereto within two (2) Business Days after receipt of written notice of such modification, amendment, express waiver or express consent.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Equity Contribution</u>. The Equity Contribution pursuant to the Investment Agreement shall have been, or substantially concurrently with the initial funding pursuant to the Debt Financing shall be, consummated, and no provision thereof shall have been amended, modified or waived, and no consent shall have been given thereunder, in any manner materially adverse to the interests of the Committed Lenders or the Lenders without the prior written consent of the Committed Lenders; <u>provided</u> that the Committed Lenders and the Lenders shall be deemed to have consented to such modification, amendment, express waiver or express consent unless they shall object thereto within two business days after receipt of written notice of such modification, amendment, express waiver or express consent.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>Outstanding Indebtedness</u>. Substantially concurrently with the initial funding pursuant to the Debt Financing, all commitments and amounts outstanding (other than contingent obligations) under (<u>i</u>) that certain Amended and Restated Credit Agreement, dated as of May 14, 2021, by and among the Parent Borrower, the German Borrower, the lenders from time to time party thereto, JPMorgan Chase Bank, N.A., as the administrative agent, and the other agents party thereto, as amended by that certain First Amendment, dated as of November 30, 2021, that certain LIBOR Transition Amendment, dated as of May 8, 2023, that certain Second Amendment, date as of May 18, 2023 and that certain Third Amendment, dated as of June 26, 2023, that certain Fourth Amendment, dated as of March 18, 2024, and that certain Fifth Amendment, dated as of September 23, 2025, and (<u>ii</u>) that certain First Lien Credit Agreement, dated as of September 25, 2024, by and among Kito Crosby, Crosby US Acquisition Corp., the lenders from time to time party thereto and UBS AG, Stamford Branch, as the administrative agent and the collateral agent, as amended by that certain Amendment No. 1, dated as of October 25, 2022, that certain Amendment No. 2, dated as of January 6, 2023, that certain Amendment No. 3, dated as of February 16, 2024, and that certain Amendment No. 4, dated as of September 25, 2024, shall in each case have been repaid, redeemed, defeased, terminated or otherwise discharged and all liens created in connection therewith shall have been released.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) <u>Financial Information</u>. The Committed Lenders shall have received (<u>I</u>) (<u>i</u>) (<u>x</u>) audited consolidated balance sheets of the Parent Borrower as of December 31, 2024, December 31, 2023 and December 31, 2022 and (<u>y</u>) audited consolidated balance sheets of Kito Crosby as of December 31, 2024, December 31, 2023 and December 31, 2022, (<u>ii</u>) (<u>x</u>) audited consolidated statements of operations, equity and cash flows of the Parent Borrower for the three fiscal years ended December 31, 2024, December 31, 2023 and December 31, 2022 and (<u>y</u>) audited consolidated statements of income, equityholders' equity and cash flows of Kito Crosby for the two fiscal years ended December 31, 2024, December 31, 2023 and December 31, 2022, and (<u>iii</u>) (<u>x</u>) unaudited consolidated balance sheet and related consolidated statements of operations and cash flows of the Parent Borrower for the fiscal quarters ended September 30, 2025 and (<u>y</u>) unaudited consolidated balance sheet and related consolidated statements of income, equityholders' equity and cash flows of Kito Crosby for the fiscal quarter ended September 30, 2025; <u>provided</u> that filing of the required financial statements on Form 10-K and Form 10-Q by the Parent Borrower will satisfy the requirements set forth in the foregoing clauses (i)(x), (ii)(x) and (iii)(x), and (<u>II</u>) (<u>i</u>) an unaudited pro forma consolidated

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balance sheet and a related unaudited pro forma consolidated statement of operations of the Parent Borrower and its Subsidiaries as of and for the fiscal year ended December 31, 2024 and (<u>ii</u>) unaudited pro forma consolidated balance sheets and related unaudited pro forma consolidated statements of operations of the Parent Borrower and its Subsidiaries as of and for the fiscal quarters ended September 30, 2025, in each case, adjusted to give effect (as if such events had occurred on such date for purposes of the balance sheet and at the beginning of such period, for purposes of the statement of operations), to the consummation of the Transactions, and the Extensions of Credit hereunder on the Closing Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) <u>Legal Opinions</u>. The Administrative Agent shall have received the following executed legal opinions, each in form and substance reasonably satisfactory to the Administrative Agent:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) executed legal opinion of DLA Piper LLP (US), counsel to the Borrowers and the other Loan Parties;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) executed legal capacity opinion of DLA Piper UK LLP, special German counsel to the German Borrower; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) executed legal opinion of Gordon Rees Scully Mansukhani, LLP, special Wisconsin and Oklahoma counsel to certain of the Loan Parties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) <u>Officer's Certificate</u>. The Administrative Agent shall have received a certificate from the Parent Borrower, dated the Closing Date, substantially in the form of <u>Exhibit</u> <u>G</u> hereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) <u>Perfected Liens</u>. The Collateral Agent shall have obtained a valid security interest in the Collateral covered by the Guarantee and Collateral Agreement (to the extent and with the priority contemplated therein); and all documents, instruments, filings and recordations reasonably necessary in connection with the perfection and, in the case of the filings with the United States Patent and Trademark Office and the United States Copyright Office, protection of such security interests shall have been executed and delivered or made, or shall be delivered or made substantially concurrently with the initial funding pursuant to the Debt Financing under the Loan Documents pursuant to arrangements reasonably satisfactory to the Administrative Agent or, in the case of UCC filings, written authorization to make such UCC filings shall have been delivered to the Collateral Agent, and none of such Collateral shall be subject to any other pledges, security interests or mortgages except for Permitted Liens or pledges, security interests or mortgages to be released on the Closing Date; <u>provided</u> that with respect to any such Collateral the security interest in which may not be perfected by filing of a UCC financing statement or by possession of certificated Capital Stock of the Parent Borrower or its Domestic Subsidiaries (to the extent constituting Collateral) (<u>provided</u> that certificated Capital Stock of the Kito Crosby Entities will only be required to be delivered on the Closing Date to the extent received by the Parent Borrower from the Keystone Sellers, so long as the Parent Borrower has used commercially reasonable efforts to obtain them on the Closing Date), if perfection of the Collateral Agent's security interest in such Collateral may

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not be accomplished on or before the Closing Date after the applicable Loan Party's commercially reasonable efforts to do so, then delivery of documents and instruments for perfection of such security interest shall not constitute a condition precedent to the initial borrowings hereunder if the applicable Loan Party agrees to deliver or cause to be delivered such documents and instruments, and take or cause to be taken such other actions as may be reasonably necessary to perfect such security interests in accordance with <u>Subsections</u> <u>7.13</u> and otherwise pursuant to arrangements to be mutually agreed by the applicable Loan Party and the Administrative Agent acting reasonably.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) <u>Pledged Stock; Stock Powers</u>. The Collateral Agent shall have received the certificates, if any, representing the Pledged Stock under (and as defined in) the Guarantee and Collateral Agreement, together with an undated stock power for each such certificate executed in blank by a duly authorized officer of the pledgor thereof; <u>provided</u> that such Pledged Stock and related stock powers of the Kito Crosby Entities will only be required to be delivered on the Closing Date to the extent received by the Parent Borrower from the Keystone Sellers, so long as the Parent Borrower has used commercially reasonable efforts to obtain them on the Closing Date; <u>provided</u>, <u>further</u>, that with respect to any such Pledged Stock other than Capital Stock of the Parent Borrower and its Domestic Subsidiaries (to the extent constituting Collateral), if delivery of such Pledged Stock and related stock powers to the Collateral Agent may not be accomplished on or before the Closing Date after the applicable Loan Party's commercially reasonable efforts to do so, then delivery of such Pledged Stock and related stock powers shall not constitute a condition precedent to the initial borrowings hereunder if the applicable Loan Party agrees to deliver or cause to be delivered such Pledged Stock and related stock powers in accordance with <u>Subsections</u> <u>7.13</u> and otherwise pursuant to arrangements to be mutually agreed by the applicable Loan Party and the Administrative Agent acting reasonably.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) <u>[Reserved]</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) <u>Fees and Expenses</u>. The Committed Lenders, the Lead Arrangers, the Agents and the Lenders, respectively, shall have received all fees related to the Transactions payable to them to the extent due (which may be offset against the proceeds of the Facilities) and all expenses (for which an invoice has been presented at least three (3) Business Days prior to the Closing Date) shall have been paid (which may be offset against the proceeds of the Facilities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l) <u>Secretary</u><u>'</u><u>s Certificate</u>. The Administrative Agent shall have received a certificate from the Parent Borrower and, substantially concurrently with the satisfaction of the other conditions precedent set forth in this <u>Subsection 6.1</u>, each other Loan Party, dated the Closing Date, substantially in the form of <u>Exhibit F</u> hereto, with appropriate insertions and attachments of resolutions or other actions, evidence or incumbency and the signature of authorized signatories and Organizational Documents, executed by a Responsible Officer and the Secretary or any Assistant Secretary or other authorized representative of such Loan Party.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m) <u>No Keystone Purchase Agreement Material Adverse Effect</u>. Since February 10, 2025, there has not been any Closing Date Material Adverse Effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(n) <u>[Reserved]</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(o) <u>Solvency</u>. The Administrative Agent shall have received a certificate of the chief financial officer or treasurer (or other comparable officer) of the Parent Borrower certifying the Solvency, after giving effect to the Transactions (including the effectiveness of the Acquisition on the Business Day immediately following the Closing Date), of the Parent Borrower and its Subsidiaries on a consolidated basis in substantially the form of <u>Exhibit H</u> hereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(p) <u>Patriot Act</u>. (i) The Administrative Agent and the Committed Lenders shall have received at least three (3) Business Days prior to the Closing Date all documentation and other information about the Loan Parties mutually agreed to be required by regulatory authorities under applicable "know your customer" and anti-money laundering rules and regulations, including, without limitation, the Patriot Act, that has been reasonably requested in writing at least ten Business Days prior to the Closing Date and (ii) if any Borrower qualifies as a "legal entity" customer under the Beneficial Ownership Regulation and the Administrative Agents have provided the Parent Borrower the name of each requesting Lender and its electronic delivery requirements at least ten (10) business days prior to the Closing Date, the Administrative Agents and each such Lender requesting a Beneficial Ownership Certification (which request is made through the Administrative Agents) will have received, at least three (3) business days prior to the Closing Date, the Beneficial Ownership Certification in relation to the applicable Borrower.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(q) <u>Keystone Purchase Agreement Conditions; Specified Representations</u>. (<u>i</u>) The condition in Section 9.1(a) of the Keystone Purchase Agreement (but only with respect to the representations that are material to the interests of the Lenders, and only to the extent that the Parent Borrower (or any of its Affiliates party to the Keystone Purchase Agreement) has the right to terminate its obligations under the Keystone Purchase Agreement (or otherwise decline to consummate the Acquisition) without liability to the Keystone Sellers or any of their respective Affiliates as a result of a breach of such representations in the Keystone Purchase Agreement) shall have been satisfied and (<u>ii</u>) the Specified Representations shall, except to the extent they relate to a particular date, be true and correct in all material respects on and as of such date as if made on and as of such date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(r) <u>Borrowing Notice</u>. With respect to the initial Extensions of Credit, the Administrative Agent shall have received a notice of such Borrowing as required by <u>Subsection 2.3</u> (and, <u>Subsection 2.4</u>, with respect to Initial Revolving Loans).

The making of the initial Extensions of Credit by the Lenders hereunder shall conclusively be deemed to constitute an acknowledgement by the Administrative Agent and each Lender that each of the conditions precedent set forth in this <u>Subsection 6.1</u> shall have been satisfied in accordance with its respective terms or shall have been irrevocably waived by such Person.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.2 <u>Conditions to Each Extension of Credit After the Closing Date</u>. The agreement of each Lender to make any Extension of Credit requested to be made by it on any date after the Closing Date (including each Swing Line Loan made after the Closing Date) is subject to the satisfaction or waiver of the following conditions precedent:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Notice</u>. With respect to any Loan, the Administrative Agent shall have received a duly executed notice of borrowing, and, with respect to the issuance of any Letter of Credit or the creation of any Bankers' Acceptance, the applicable Issuing Bank shall have received a duly executed Letter of Credit / Bankers' Acceptance Request.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Representations and Warranties</u>. Each of the representations and warranties made by any Loan Party pursuant to this Agreement or any other Loan Document (or in any amendment, modification or supplement hereto or thereto) to which it is a party, and each of the representations and warranties contained in any certificate furnished at any time by or on behalf of any Loan Party pursuant to this Agreement or any other Loan Document shall, except to the extent that they relate to a particular date, be true and correct in all material respects on and as of such date as if made on and as of such date, except that for purposes of this <u>Subsection 6.2</u>, the representations and warranties contained in <u>Subsections 5.1(a)</u> shall be deemed to refer to the most recent statements furnished pursuant to <u>Subsections 7.1(a)</u> and <u>(b)</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>No Default</u>. No Default or Event of Default shall have occurred and be continuing on such date or after giving effect to the Extensions of Credit requested to be made on such date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>Designated Borrowers</u>. If the applicable Borrower is a Designated Borrower, then the conditions of <u>Subsection 2.13</u> to the designation of such Borrower as a Designated Borrower shall have been met to the satisfaction of the Administrative Agent.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) <u>Designated Foreign Currencies</u>. In the case of an extension of credit denominated in a Designated Foreign Currency, there shall not have occurred any change in national or international financial, political or economic conditions or currency exchange rates or exchange controls which in the reasonable opinion of the Administrative Agent, the Required Lenders (in the case of any Loans to be denominated in a Designated Foreign Currency) or the Issuing Bank (in the case of any Letter of Credit or Bankers' Acceptance to be denominated in a Designated Foreign Currency) would make it impracticable for such extension of credit to be denominated in the relevant Designated Foreign Currency.

Each Extension of Credit by or on behalf of any Borrower hereunder shall constitute a representation and warranty by the Parent Borrower as of the date of such borrowing that the conditions contained in this <u>Subsection 6.2</u> have been satisfied (excluding, for the avoidance of doubt, the initial Extensions of Credit hereunder).

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SECTION 7

<u>Affirmative Covenants</u> 

The Parent Borrower hereby agrees that, from and after the Closing Date and so long as the Revolving Commitments remain in effect, and thereafter until payment in full of the Loans, all Reimbursement Obligations and all other Senior Secured Facilities Obligations then due and owing to any Lender or any Agent hereunder and termination or expiration of all Letters of Credit and Bankers' Acceptances (unless cash collateralized or otherwise provided for in a manner reasonably satisfactory to the applicable Issuing Bank), the Parent Borrower shall and shall (except in the case of delivery of financial information, reports and notices, in which case it shall or shall cause the Borrower Representative, if it is not then the Borrower Representative, to) cause each of its respective Restricted Subsidiaries to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.1 <u>Financial Statements</u>. Furnish to the Administrative Agent for delivery to each Lender (and the Administrative Agent agrees to make and so deliver such copies):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) as soon as available, but in any event within ninety (90) days after the end of each fiscal year of the Parent Borrower and its Subsidiaries (beginning with the fiscal year ended March 31, 2026), a consolidated balance sheet of the Parent Borrower and its Subsidiaries as at the end of such fiscal year, and the related consolidated statements of income or operations, shareholders' equity and cash flows for such fiscal year, setting forth in each case in comparative form the figures for the previous fiscal year, all in reasonable detail and prepared in accordance with GAAP and applicable Securities Laws, such consolidated statements to be audited and accompanied by a report and opinion of Ernst & Young LLP or other independent certified public accountants of nationally recognized standing reasonably acceptable to the Required Lenders, which report and opinion shall not be subject to any "going concern" or like qualification or exception or any qualification or exception as to the scope of such audit (it being agreed that an explanatory or emphasis of matter paragraph does not constitute a qualification or exception) (other than a "going concern" or like qualification or exception with respect to, resulting from or arising on account of (i) an upcoming Maturity Date hereunder or an upcoming "maturity date" under the Other Secured Debt or any other Indebtedness Incurred in compliance with this Agreement, (ii) any potential or actual inability to satisfy the financial maintenance covenant included in this Agreement, the documentation relating to the Other Secured Debt or any other Indebtedness of the Parent Borrower, (iii) the activities, operations, financial results, assets or liabilities of any Unrestricted Subsidiary or (iv) changes in accounting principles or practices reflecting changes in GAAP and required or approved by the Parent Borrower's independent certified public accounting firm) (it being agreed that the furnishing of (<u>x</u>) the Parent Borrower's annual report on Form 10-K for such year, as filed with the SEC, or (<u>y</u>) the financial statements of any parent entity, will, in each case, satisfy the Parent Borrower's obligation under this <u>Subsection 7.1(a)</u> with respect to such year, including with respect to the requirement that such financial statements be reported on without a "going concern" or like qualification or exception, or qualification arising out of the scope of the audit, so long as the report included in such Form 10-K or accompanying such

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financial statements, as applicable, does not contain any "going concern" or like qualification or exception (it being agreed that an explanatory or emphasis of matter paragraph does not constitute a qualification or exception) (other than a "going concern" or like qualification or exception with respect to, resulting from or arising on account of (i) an upcoming Maturity Date hereunder or an upcoming "maturity date" under the Other Secured Debt or any other Indebtedness Incurred in compliance with this Agreement, (ii) any potential or actual inability to satisfy the financial maintenance covenant included in this Agreement, the documentation relating to the Other Secured Debt or any other Indebtedness of the Parent Borrower, (iii) the activities, operations, financial results, assets or liabilities of any Unrestricted Subsidiary or (iv) changes in accounting principles or practices reflecting changes in GAAP and required or approved by the Parent Borrower's independent certified public accounting firm)); <u>provided</u> that such financial statements and reports set forth in this <u>Subsection 7.1(a)</u> shall be deemed to be delivered upon the filing with the SEC of the Parent Borrower's Form 10-K for the relevant fiscal year;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) as soon as available, but in any event within forty-five (45) days after the end of each of the first three fiscal quarters of each fiscal year of the Parent Borrower and its Subsidiaries, a consolidated balance sheet of the Parent Borrower and its Subsidiaries as at the end of such fiscal quarter, and the related consolidated statements of income or operations, shareholders' equity and cash flows for such fiscal quarter and for the portion of the Parent Borrower's fiscal year then ended, setting forth in each case in comparative form the figures for the corresponding fiscal quarter of the previous fiscal year and the corresponding portion of the previous fiscal year, all in reasonable detail and certified by the chief executive officer, chief financial officer, treasurer or controller of the Parent Borrower as fairly presenting in all material respects the financial condition, results of operations, shareholders' equity and cash flows of the Parent Borrower and its Subsidiaries in accordance with GAAP, subject only to normal year-end audit adjustments and the absence of footnotes (it being agreed that the furnishing of (<u>x</u>) the Parent Borrower's quarterly report on Form 10-Q for such quarter, as filed with the SEC, or (<u>y</u>) the financial statements of any parent entity, will, in each case, satisfy the Parent Borrower's obligations under this <u>Subsection 7.1(b)</u> with respect to such quarter); <u>provided</u> that such financial statements and reports set forth in this <u>Subsection 7.1(b)</u> shall be deemed to be delivered upon the filing with the SEC of the Parent Borrower's Form 10-Q for the relevant fiscal quarter; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) to the extent applicable, concurrently with any delivery of consolidated financial statements referred to in <u>Subsections 7.1(a)</u> and <u>(b)</u> above, related unaudited condensed consolidating financial statements and appropriate reconciliations reflecting the material adjustments necessary (as determined by the Borrower Representative in good faith) to eliminate the accounts of Unrestricted Subsidiaries (if any) from such consolidated financial statements.

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All such financial statements delivered pursuant to <u>Subsection 7.1(a)</u> or <u>(b)</u> shall (and, in the case of any financial statements delivered pursuant to <u>Subsection 7.1(b)</u> shall be certified by a Responsible Officer of the Parent Borrower to) fairly present in all material respects the financial condition of the Parent Borrower and its Subsidiaries in conformity with GAAP and shall be (and, in the case of any financial statements delivered pursuant to <u>Subsection 7.1(b)</u> shall be certified by a Responsible Officer of the Parent Borrower to be) in reasonable detail and prepared in accordance with GAAP applied consistently throughout the periods reflected therein and with prior periods that began on or after the Closing Date (except as disclosed therein, and except, in the case of any financial statements delivered pursuant to <u>Subsection 7.1(b)</u>, for the absence of certain notes).

Notwithstanding anything in clauses (a) or (b) of this <u>Subsection 7.1</u> to the contrary, except as expressly required with respect to Unrestricted Subsidiaries in clause (c) above, in no event shall any annual or quarterly financial statements delivered pursuant to clauses (a) or (b) of this <u>Subsection 7.1</u> be required to (<u>x</u>) include any separate consolidating financial information with respect to any Borrower, any Subsidiary Guarantor or any other Affiliate of any Borrower, or any separate financial statements or information for any Borrower, any Subsidiary Guarantor or any Affiliate of any Borrower, (<u>y</u>) comply with Section 302, Section 404 and Section 906 of Sarbanes-Oxley, or related items 307, 308 and 308T of Regulation S-K under the Securities Act and (<u>z</u>) comply with Rule 3-05, Rule 3-09, Rule 3-10 and Rule 3-16 of Regulation S-X under the Securities Act.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.2 <u>Certificates; Other Information</u>. Furnish to the Administrative Agent for delivery to each Lender (and the Administrative Agent agrees to make and so deliver such copies):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) promptly (and in any event within five (5) Business Days) following the delivery of the financial statements and reports referred to in <u>Subsections 7.1(a)</u> and <u>(b)</u>, a certificate signed by a Responsible Officer of the Parent Borrower in substantially the form of <u>Exhibit U</u> or such other form as may be agreed between the Borrower Representative and the Administrative Agent (a "<u>Compliance Certificate</u>");

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) promptly after any request by the Administrative Agent or any Lender, copies of any detailed audit reports, management letters or recommendations submitted to the board of directors (or the audit committee of the board of directors) of the Parent Borrower by independent accountants in connection with the accounts or books of the Parent Borrower or any of its Subsidiaries, or any audit of any of them;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) promptly after the same are filed, copies of each annual report, proxy or financial statement or other report or communication sent to the stockholders of the Parent Borrower, and copies of all annual, regular, periodic and special reports and registration statements, and any amendments and exhibits thereto, which the Parent Borrower may file with the SEC or any successor or analogous Governmental Authority under Section 13 or 15(d) of the Exchange Act, and not otherwise required to be delivered to the Administrative Agent pursuant hereto; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) promptly after such request, (x) such additional financial and other information regarding the Loan Parties, or compliance with the terms of the Loan Documents, as any Agent or the Required Lenders through the Administrative Agent may from time to time reasonably request and (y) information and documentation reasonably requested by the Administrative Agent or any Lender for purposes of compliance with applicable "know your customer" and anti-money laundering rules and regulations, including the Patriot Act and the Beneficial Ownership Regulation.

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Documents required to be delivered pursuant to <u>Subsection 7.1(a)</u>, <u>7.1(b)</u>, <u>7.1(c)</u>, <u>7.2(a)</u>, <u>7.2(b)</u>, <u>7.2(c)</u> or <u>7.2(d)</u> may at the Borrower Representative's option be delivered electronically and, if so delivered, shall be deemed to have been delivered on the date (<u>i</u>) on which the Borrower Representative posts such documents, or provides a link thereto on the Parent Borrower's website on the Internet at the website address listed on <u>Schedule 7.2</u> (or such other website address as the Borrower Representative may specify by written notice to the Administrative Agent from time to time); or (<u>ii</u>) on which such documents are posted on the Parent Borrower's behalf on an Internet or intranet website to which each Lender and the Administrative Agent have access (whether a commercial, third-party website (including any website maintained by the SEC) or whether sponsored by the Administrative Agent). Following the electronic delivery of any such documents by posting such documents to a website in accordance with the preceding sentence (other than the posting by the Borrower Representative of any such documents on any website maintained for or sponsored by the Administrative Agent), the Borrower Representative shall promptly provide the Administrative Agent notice of such delivery (which notice may be by facsimile or electronic mail) and the electronic location at which such documents may be accessed; <u>provided</u> that, in the absence of bad faith, the failure to provide such prompt notice shall not constitute a Default hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.3 <u>Payment of Obligations</u>. Pay, discharge or otherwise satisfy as the same shall become due and payable, all its obligations and liabilities, including (<u>a</u>) all material Taxes, except where the amount or validity thereof is currently being contested in good faith by appropriate proceedings diligently conducted and adequate reserves in conformity in all material respects with GAAP with respect thereto have been provided on the books of the Parent Borrower or any of its Restricted Subsidiaries, as the case may be, (<u>b</u>) all lawful claims which, if unpaid, would by law become a Lien upon its property (other than a Permitted Lien) and (<u>c</u>) all Indebtedness, as and when due and payable, but subject to any subordination provisions contained in any instrument or agreement evidencing such Indebtedness, in each case, except to the extent that failure to do so, in the aggregate, would not reasonably be expected to have a Material Adverse Effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.4 <u>Conduct of Business and Maintenance of Existence; Compliance with Contractual Obligations and Requirements of Law</u>. Preserve, renew and keep in full force and effect its existence and take all reasonable action to maintain all rights, privileges and franchises necessary or desirable in the normal conduct of the business of the Parent Borrower and its Restricted Subsidiaries, taken as a whole, except as otherwise permitted pursuant to <u>Subsection 8.4</u> or <u>8.7</u>; <u>provided</u> that the Parent Borrower and its Restricted Subsidiaries shall not be required to maintain any such rights, privileges or franchises and the Parent Borrower's Restricted Subsidiaries shall not be required to maintain such existence, if the failure to do so would not reasonably be expected to have a Material Adverse Effect; comply with all organizational documents of such Person; and comply with all Contractual Obligations and Requirements of Law except to the extent that failure to comply therewith, in the aggregate, would not reasonably be expected to have a Material Adverse Effect or, with respect to Requirements of Law, the Parent Borrower or its Restricted Subsidiaries, as applicable, are contesting such Requirements of Law in good faith by appropriate proceedings diligently conducted.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.5 <u>Maintenance of Property; Insurance</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Keep all property necessary in the business of the Parent Borrower and its Restricted Subsidiaries, taken as a whole, in good working order and condition, except where failure to do so would not reasonably be expected to have a Material Adverse Effect; (<u>ii</u>) use commercially reasonable efforts to maintain with financially sound and reputable insurance companies (or any Captive Insurance Subsidiary) insurance on, or self-insure, all property material to the business of the Parent Borrower and its Restricted Subsidiaries, taken as a whole, in at least such amounts (after giving effect to any insurance coverage from CM Insurance Company, Inc.) and against at least such risks (but including in any event public liability and business interruption) as are usually insured against in the same general area by companies engaged in the same or a similar business; (<u>iii</u>) furnish to the Administrative Agent, upon written request, information in reasonable detail as to the insurance carried; (<u>iv</u>) use commercially reasonable efforts to maintain property and liability policies that provide that in the event of any cancellation thereof during the term of the policy, either by the insured or by the insurance company, the insurance company shall provide to the secured party at least thirty (30) days' prior written notice thereof, or in the case of cancellation for non-payment of premium, ten (10) days' prior written notice thereof; and (<u>v</u>) use commercially reasonable efforts to ensure that, subject to the Intercreditor Agreement or any Other Intercreditor Agreement, at all times the Collateral Agent for the benefit of the Secured Parties, shall be named as an additional insured with respect to liability policies maintained by each Borrower and each Subsidiary Guarantor and the Collateral Agent for the benefit of the Secured Parties, shall be named as loss payee with respect to the property insurance maintained by each Borrower and each Subsidiary Guarantor; <u>provided</u> that, unless an Event of Default shall have occurred and be continuing, (<u>A</u>) the Collateral Agent shall turn over to the Borrower Representative any amounts received by it as an additional insured or loss payee under any property insurance maintained by the Parent Borrower and its Subsidiaries, (<u>B</u>) the Collateral Agent agrees that the Parent Borrower and/or its applicable Subsidiary shall have the sole right to adjust or settle any claims under such insurance and (<u>C</u>) all proceeds from a Recovery Event shall be paid to the Borrower Representative.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) With respect to each property of the Loan Parties subject to a Mortgage:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) [Reserved].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) The applicable Loan Party promptly shall comply with and conform to all requirements of the insurers applicable to such party or to such property or to the use, manner of use, occupancy, possession, operation, maintenance, alteration or repair of such property, except for such non-compliance or non-conformity as would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) If any Borrower is in default of its obligations to insure or deliver any such prepaid policy or policies, the result of which would reasonably be expected to have a Material Adverse Effect, then the Administrative Agent, at its option upon ten days' written notice to the Borrower Representative, may effect such insurance from year to year at rates substantially similar to the rate at which the Parent Borrower or any Restricted Subsidiary had insured such property, and pay the premium or premiums therefor, and the applicable Borrower shall pay to the Administrative Agent on demand such premium or premiums so paid by the Administrative Agent with interest from the time of payment at a rate per annum equal to 2.00%.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) If such property, or any part thereof, shall be destroyed or damaged and the reasonably estimated cost thereof would exceed the greater of $17,000,000 and 4.00% of Four Quarter Consolidated EBITDA, the Borrower Representative shall give prompt notice thereof to the Administrative Agent. All insurance proceeds paid or payable in connection with any damage or casualty to any property shall be applied in the manner specified in the proviso to Subsection 7.5(a).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.6 <u>Inspection of Property; Books and Records; Discussions</u>. In the case of the Parent Borrower, keep proper books and records in a manner to allow financial statements to be prepared in conformity with GAAP consistently applied in respect of all material financial transactions and matters involving the material assets and business of the Parent Borrower and its Restricted Subsidiaries, taken as a whole; and permit representatives of the Administrative Agent to visit and inspect any of its properties and examine and, to the extent reasonable, make abstracts from any of its books and records and to discuss the business, operations, properties and financial and other condition of the Parent Borrower and its Restricted Subsidiaries with officers of the Parent Borrower and its Restricted Subsidiaries and with its independent certified public accountants, in each case at any reasonable time, upon reasonable notice; <u>provided</u> that (<u>a</u>) except during the continuation of an Event of Default, only one such visit and inspection may occur in any calendar year, and (<u>b</u>) during the continuation of an Event of Default, the Administrative Agent or its representatives may do any of the foregoing at the Borrowers' expense; and <u>provided</u>, <u>further</u>, that representatives of the Borrower Representative may be present during any such visits, discussions and inspections. Notwithstanding anything to the contrary in <u>Subsection 7.2(d)</u> or in this <u>Subsection 7.6</u>, none of the Parent Borrower or any Restricted Subsidiary will be required to disclose or permit the inspection or discussion of, any document, information or other matter (<u>i</u>) that constitutes non-financial trade secrets or non-financial proprietary information, (<u>ii</u>) in respect of which disclosure to the Administrative Agent or the Lenders (or their respective representatives) is prohibited by Requirement of Law or any binding agreement or (<u>iii</u>) that is subject to attorney client or similar privilege or constitutes attorney work product.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.7 <u>Notices</u>. Give notice to the Administrative Agent and each Lender of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) promptly after a Responsible Officer of the Borrower Representative knows thereof, the occurrence of any Default or Event of Default;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) promptly after a Responsible Officer of the Borrower Representative knows thereof, any default or event of default under any Contractual Obligation of the Parent Borrower or any of its Restricted Subsidiaries, other than as previously disclosed in writing to the Lenders, which would reasonably be expected to have a Material Adverse Effect;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) promptly after a Responsible Officer of the Borrower Representative knows thereof, the occurrence of (<u>i</u>) any default or event of default under the Other Secured Debt or (<u>ii</u>) any payment default under any Additional Obligations Documents or under any agreement or document governing other Indebtedness, in each case relating to Indebtedness in an aggregate principal amount equal to or greater than the greater of $86,000,000 and 20.0% of Four Quarter Consolidated EBITDA;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) promptly after a Responsible Officer of the Borrower Representative knows thereof, any litigation, investigation or proceeding affecting the Parent Borrower or any of its Restricted Subsidiaries that would reasonably be expected to have a Material Adverse Effect;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) the following events, as soon as possible and in any event within thirty (30) days after a Responsible Officer of the Borrower Representative knows thereof: (<u>i</u>) the occurrence or expected occurrence of any Reportable Event (or similar event) with respect to any Single Employer Plan (or Foreign Plan), a failure to make any required contribution to a Single Employer Plan, Multiemployer Plan or Foreign Plan, the creation of any Lien on the property of the Parent Borrower or its Restricted Subsidiaries in favor of the PBGC, a Plan or a Foreign Plan or any withdrawal from, or the full or partial termination or Insolvency of, any Multiemployer Plan or Foreign Plan; or (<u>ii</u>) the institution of proceedings or the taking of any other formal action by the PBGC or the Parent Borrower or any of its Restricted Subsidiaries or any Commonly Controlled Entity or any Multiemployer Plan which would reasonably be expected to result in the withdrawal from, or the termination or Insolvency of, any Single Employer Plan, Multiemployer Plan or Foreign Plan; <u>provided</u>, <u>however</u>, that no such notice will be required under clause (i) or (ii) above unless the event giving rise to such notice, when aggregated with all other such events under clause (i) or (ii) above, would be reasonably expected to result in a Material Adverse Effect; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) as soon as possible after a Responsible Officer of the Borrower Representative knows thereof, any loss, damage, or destruction to a significant portion of the Collateral, whether or not covered by insurance.

Each notice pursuant to this <u>Subsection 7.7</u> shall be accompanied by a statement of a Responsible Officer of the Borrower Representative (and, if applicable, the relevant Restricted Subsidiary) setting forth details of the occurrence referred to therein and stating what action the Borrower Representative (or, if applicable, the relevant Restricted Subsidiary) proposes to take with respect thereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.8 <u>Environmental Laws</u>. (a) Comply in all material respects with, and ensure compliance in all material respects by all tenants and subtenants, if any, with, all applicable Environmental Laws, and obtain and comply in all material respects with and maintain, and ensure that all tenants and subtenants obtain and comply in all material respects with and maintain, any and all licenses, approvals, notifications, registrations or permits required by applicable Environmental Laws.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Conduct and complete all investigations, studies, sampling and testing, and all remedial, removal and other actions required under Environmental Laws and promptly comply in all material respects with all lawful orders and directives of all Governmental Authorities regarding Environmental Laws.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.9 <u>After-Acquired Real Property and Fixtures; Subsidiaries</u>. (a) With respect to any owned real property or fixtures thereon located in the United States of America, in each case (<u>x</u>) with a purchase price or a fair market value (as determined in good faith by the Borrower Representative, which determination shall be conclusive) at the time of acquisition of at least $25,000,000 and (<u>y</u>) is not located in an area identified as a special flood hazard area by the Federal Emergency Management Agency or other applicable agency, in which any Loan Party acquires ownership rights at any time after the Closing Date (or owned by any Subsidiary that becomes a Loan Party after the Closing Date), promptly grant to the Collateral Agent for the benefit of the Secured Parties, a Lien of record on all such owned real property and fixtures pursuant to a Mortgage or otherwise, upon terms reasonably satisfactory in form and substance to the Collateral Agent and in accordance with any applicable requirements of any Governmental Authority (including any required appraisals of such property under FIRREA and flood determinations under Regulation H of the Board); <u>provided</u> that (<u>i</u>) nothing in this <u>Subsection 7.9</u> shall defer or impair the attachment or perfection of any security interest in any Collateral covered by any of the Security Documents which would attach or be perfected pursuant to the terms thereof without action by the Parent Borrower, any of its Restricted Subsidiaries or any other Person and (<u>ii</u>) no such Lien shall be required to be granted as contemplated by this <u>Subsection 7.9</u> on any owned real property or fixtures the acquisition of which is, or is to be, within 180 days of such acquisition, financed or refinanced, in whole or in part through the incurrence of Indebtedness, until such Indebtedness is repaid in full (and not refinanced) or, as the case may be, the Borrower Representative determines not to proceed with such financing or refinancing. In connection with any such grant to the Collateral Agent, for the benefit of the Secured Parties, of a Lien of record on any such real property pursuant to a Mortgage or otherwise in accordance with this <u>Subsection 7.9</u>, the Parent Borrower or such Restricted Subsidiary shall deliver or cause to be delivered to the Collateral Agent corresponding UCC fixture filings and any surveys, appraisals (including any required appraisals of such property under FIRREA), title insurance policies, local law enforceability legal opinions and other documents in connection with such grant of such Lien obtained by it in connection with the acquisition of such ownership rights in such real property or as the Collateral Agent shall reasonably request (in light of the value of such real property and the cost and availability of such UCC fixture filings, surveys, appraisals, title insurance policies, local law enforceability legal opinions and other documents and whether the delivery of such UCC fixture filings, surveys, appraisals, title insurance policies, legal opinions and other documents would be customary in connection with such grant of such Lien in similar circumstances) and Phase I environmental assessment reports, if available.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) With respect to any Domestic Subsidiary that (i) is a Wholly Owned Subsidiary (other than an Excluded Subsidiary) of the Parent Borrower (<u>I</u>) created or acquired subsequent to the Closing Date by the Parent Borrower or any of its Domestic Subsidiaries that are Wholly Owned Subsidiaries (other than an Excluded Subsidiary), (<u>II</u>) being designated as a Restricted Subsidiary, (<u>III</u>) ceasing to be an Immaterial

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) With respect to any Foreign Subsidiary created or acquired subsequent to the Closing Date by the Parent Borrower or any of its Domestic Subsidiaries that are Wholly Owned Subsidiaries (in each case, other than any Excluded Subsidiary), the Capital Stock of which is owned directly by the Parent Borrower or a Domestic Subsidiary that is a Wholly Owned Subsidiary (other than an Excluded Subsidiary), promptly notify the Administrative Agent of such occurrence and if the Administrative Agent or the Required Lenders so request, promptly (<u>i</u>) cause the Loan Party that is required to grant to the Collateral Agent, for the benefit of the Secured Parties, a perfected first priority security interest (as and to the extent provided in the Guarantee and Collateral Agreement) in the Capital Stock of such new Subsidiary that is directly owned by the Parent Borrower or any Domestic Subsidiary that is a Wholly Owned Subsidiary (other than an Excluded Subsidiary) to execute and deliver a Supplemental Agreement (as defined in the Guarantee and Collateral Agreement) pursuant to Section 9.15 of the Guarantee and Collateral Agreement and (<u>ii</u>) to the extent reasonably deemed advisable by the Collateral Agent, deliver to the Collateral Agent, the

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applicable Collateral Representative or any Additional Agent, in accordance with the applicable Intercreditor Agreement or Other Intercreditor Agreement, the certificates, if any, representing such Capital Stock, together with undated stock powers, executed and delivered in blank by a duly authorized officer of the relevant parent of such new Subsidiary and take such other action as may be reasonably deemed by the Collateral Agent to be necessary or desirable to perfect the Collateral Agent's security interest therein (in each case as and to the extent required by the Guarantee and Collateral Agreement); <u>provided</u> that in either case in no event shall more than 65.0% of each series of Capital Stock of any Foreign Subsidiary be required to be so pledged.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) With respect to any Foreign Subsidiary (<u>i</u>) that is a Wholly Owned Subsidiary (other than an Excluded Subsidiary) of a Foreign Borrower or a Foreign Loan Party in the same jurisdiction as such Foreign Borrower or Foreign Loan Party (<u>I</u>) created or acquired subsequent to the Closing Date by a Foreign Borrower or a Foreign Loan Party, (<u>II</u>) being designated as a Restricted Subsidiary, (<u>III</u>) ceasing to be an Immaterial Subsidiary or other Excluded Subsidiary as provided in the applicable definition thereof after the expiry of any applicable period referred to in such definition or (<u>IV</u>) that becomes a Foreign Subsidiary as a result of a Permitted Investment or transaction pursuant to, and permitted by, <u>Subsection 8.2</u> or <u>8.7</u> (other than an Excluded Subsidiary) or (ii) that becomes a Designated Borrower subsequent to the Closing Date or that is a Foreign Subsidiary (other than an Excluded Subsidiary (other than pursuant to clause (e) in the definition thereof)) of a Person that becomes Designated Borrower subsequent to the Closing Date, promptly notify the Administrative Agent of such occurrence and, if the Administrative Agent so requests (it being understood that the Administrative Agent shall not so request if the Administrative Agent reasonably determines in good faith that the burden or cost or other consequences of such Foreign Subsidiary providing (i) a Lien in such Foreign Subsidiary's assets (subject to customary exceptions) or (ii) a guarantee of the obligations of the applicable Foreign Borrower shall be excessive in view of the benefits to be obtained by the Lenders therefrom) or the Required Revolving Lenders so request, promptly (<u>i</u>) cause the Foreign Borrower or Foreign Subsidiary to grant to the Collateral Agent, for the benefit of the Secured Parties, a perfected first priority security interest in the Capital Stock of such Foreign Subsidiary owned directly by such Foreign Borrower or Foreign Loan Party and to cause such Foreign Subsidiary to execute and deliver any agreement reasonably deemed by the Collateral Agent to be necessary or advisable to cause a security interest in favor of the Secured Parties in such Foreign Subsidiary's assets (subject to customary exceptions) to be created in accordance with all applicable Requirements of Law, in each case, in order to secure the applicable Foreign Senior Secured Facilities Obligations, (<u>ii</u>) deliver to the Collateral Agent, the applicable Collateral Representative or any Additional Agent, in accordance with the applicable Intercreditor Agreement or Other Intercreditor Agreement, the certificates (if any) representing such Capital Stock, together with undated stock powers, executed and delivered in blank by a duly authorized officer of the parent of such new Foreign Subsidiary, and (<u>iii</u>) cause such Foreign Subsidiary to take all actions reasonably deemed by the Collateral Agent to be necessary or advisable to cause (<u>A</u>) such Foreign Subsidiary to guarantee the obligations of the applicable Foreign Borrower and (<u>B</u>) a Lien in such Foreign Subsidiary's assets (subject to customary exceptions) to be created and perfected in accordance with all applicable Requirements of Law to secured the applicable Foreign Senior Secured Facilities Obligations, including the filing of financing statements in such jurisdictions as may be reasonably requested by the Collateral Agent. In addition, the Foreign Borrower may cause any Foreign Subsidiary that is not required to become a Foreign Subsidiary Guarantor to become a Foreign Subsidiary Guarantor by executing and delivering a Subsidiary Guaranty.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) At its own expense, execute, acknowledge and deliver, or cause the execution, acknowledgement and delivery of, and thereafter register, file or record in an appropriate governmental office, any document or instrument reasonably deemed by the Collateral Agent to be necessary or desirable for the creation, perfection and priority and the continuation of the validity, perfection and priority of the foregoing Liens or any other Liens created pursuant to the Security Documents (to the extent the Collateral Agent determines, in its reasonable discretion, that such action is required to ensure the perfection or the enforceability as against third parties of its security interest in such Collateral) in each case in accordance with, and to the extent required by, the Guarantee and Collateral Agreement or applicable Foreign Security Documents.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) Notwithstanding anything to the contrary in this Agreement, (<u>A</u>) the foregoing requirements shall be subject to the terms of the Intercreditor Agreement or any Other Intercreditor Agreement and, in the event of any conflict with such terms, the terms of the Intercreditor Agreement or any Other Intercreditor Agreement, as applicable, shall control, (<u>B</u>) no security interest or lien is or will be granted pursuant to any Loan Document or otherwise in any right, title or interest of the Parent Borrower or any of its Subsidiaries in, and "Collateral" shall not include, any Excluded Asset, (<u>C</u>) no Loan Party or any Affiliate thereof shall be required to take any action in any non-U.S. jurisdiction or required by the laws of any non-U.S. jurisdiction in order to create any security interests in assets located or titled outside of the U.S. or to perfect any security interests (it being understood that there shall be no security agreements or pledge agreements governed under the laws of any non-U.S. jurisdiction), in each case other than the Foreign Loan Parties in the jurisdictions of a Foreign Borrower (but solely with respect to Foreign Loan Parties that are Subsidiaries of such Foreign Borrower and in the same jurisdiction as such Foreign Borrower) and to the extent provided herein and in the other Loan Documents, (<u>D</u>) to the extent not automatically perfected by filings under the Uniform Commercial Code of each applicable jurisdiction, no Loan Party shall be required to take any actions in order to perfect any security interests granted with respect to any assets specifically requiring perfection through control (including cash, cash equivalents, deposit accounts, securities accounts, but excluding Capital Stock required to be delivered pursuant to <u>Subsection 7.9(b)</u> above), and (<u>E</u>) nothing in this <u>Subsection 7.9</u> shall require that any Subsidiary grant a Lien with respect to any property or assets in which such Subsidiary acquires ownership rights to the extent that the Borrower Representative and the Administrative Agent reasonably determine in writing that the costs or other consequences to any of its Subsidiaries of the granting of such a Lien is excessive in view of the benefits that would be obtained by the Secured Parties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.10 <u>Use of Proceeds</u>. Use the proceeds of Loans only for the purposes set forth in <u>Subsection 5.16</u>.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.11 <u>Approvals and Authorizations</u>. Maintain all authorizations, consents, approvals and licenses from, exemptions of, and filings and registrations with, each Governmental Authority of the jurisdiction in which each Foreign Loan Party is organized and existing, and all approvals and consents of each other Person in such jurisdiction, in each case that are required in connection with the Loan Documents, except where the failure to so maintain or comply therewith would not reasonably be expected to have a Material Adverse Effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.12 <u>Centre of Main Interest and Establishment</u>. The German Borrower shall maintain its centre of main interest in Germany for the purposes of the Insolvency Regulation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.13 <u>Post-Closing Security Perfection</u>. The Parent Borrower agrees to deliver or cause to be delivered such documents and instruments, and take or cause to be taken such other actions as may be reasonably necessary to provide the perfected security interests described in the provisos to <u>Subsection 6.1(a)</u>, <u>Subsection 6.1(h)</u> and <u>Subsection 6.1(i)</u> that are not so provided on the Closing Date, and in any event to provide such perfected security interests and to satisfy such other conditions within the applicable time periods set forth on <u>Schedule 7.13</u>, as such time periods may be extended by the Administrative Agent, in its sole discretion. Notwithstanding any other provision of this <u>Subsection 7.13</u>, <u>Subsection 7.9</u>, <u>Schedule 7.13</u> or of any Security Document, (<u>x</u>) the Parent Borrower and the Borrower Representative shall not be obligated to take, or cause to be taken, any action that is dependent on an action that the Administrative Agent or the Collateral Agent, as the case may be, has failed to take, for so long as the Administrative Agent or the Collateral Agent has failed to take such action and (<u>y</u>) the Parent Borrower and the Borrower Representative shall only be obligated to execute and deliver, or cause to be executed and delivered, to the Collateral Agent any relevant Mortgage and shall not be responsible for recording such Mortgage in the event that the Collateral Agent shall fail to do so after such Mortgage and any other related deliverables required to be delivered to the Collateral Agent in connection with such filing pursuant to the terms of this Agreement have been executed and delivered.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.14 <u>[Reserved]</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.15 <u>Accounting Changes</u>. The Parent Borrower will, for financial reporting purposes, cause the Parent Borrower's and each of its Subsidiaries' fiscal years to end on March 31st of each calendar year; <u>provided</u> that the Borrower Representative may, upon written notice to the Administrative Agent, change the financial reporting convention specified above to any other financial reporting convention reasonably acceptable to the Administrative Agent, in which case the Borrower Representative and the Administrative Agent will , and are hereby authorized by the Lenders to, make any adjustments to this Agreement that are necessary in order to reflect such change in financial reporting.

SECTION 8

<u>Negative Covenants</u> 

The Parent Borrower hereby agrees that, from and after the Closing Date and so long as the Revolving Commitments remain in effect, and thereafter until payment in full of the Loans, all Reimbursement Obligations and all other Senior Secured Facilities Obligations then due and owing to any Lender or any Agent hereunder and termination or expiration of all Letters of Credit and Bankers' Acceptances (unless cash collateralized or otherwise provided for in a manner reasonably satisfactory to the applicable Issuing Bank):

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.1 <u>Limitation on Indebtedness</u>. (a) The Parent Borrower will not, and will not permit any Restricted Subsidiary to, Incur any Indebtedness; <u>provided</u>, <u>however</u>, that the Parent Borrower or any Restricted Subsidiary may Incur Indebtedness if on the date of the Incurrence of such Indebtedness, after giving effect to the Incurrence thereof (or, at the Borrower Representative's option, on the date of the initial borrowing of such Indebtedness or entry into the definitive agreement providing the commitment to fund such Indebtedness after giving pro forma effect to the Incurrence of the entire committed amount, in which case such committed amount may thereafter be borrowed and reborrowed in whole or in part, from time to time, without further compliance with this proviso), either (x) the Consolidated Coverage Ratio would be equal to or greater than 2.00:1.00 or (y) in the case of Indebtedness being Incurred to finance or refinance, or otherwise incurred in connection with, any acquisition of assets (including Capital Stock), business or Person, or any merger or consolidation of any Person with or into the Parent Borrower or any Restricted Subsidiary, the Consolidated Coverage Ratio would equal or be greater than the Consolidated Coverage Ratio immediately prior to giving effect thereto; <u>provided</u>, <u>further</u>, that the aggregate principal amount of Indebtedness that may be Incurred pursuant to this <u>Subsection 8.1(a)</u> by Restricted Subsidiaries that are not Subsidiary Guarantors or Escrow Subsidiaries, together with the aggregate outstanding principal amount of Indebtedness Incurred by Restricted Subsidiaries that are not Subsidiary Guarantors or Escrow Subsidiaries pursuant to <u>Subsection 8.1(b)(xvii)</u> below, shall not exceed the greater of (<u>x</u>) $172,000,000 and (<u>y</u>) 40.0% of Four Quarter Consolidated EBITDA at any one time outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Notwithstanding the foregoing <u>Subsection 8.1(a)</u>, the Parent Borrower and its Restricted Subsidiaries may Incur the following Indebtedness:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) (<u>I</u>) Indebtedness Incurred by a Borrower, a Guarantor or an Escrow Subsidiary (<u>a</u>) pursuant to (<u>x</u>) this Agreement and the other Loan Documents and (<u>y</u>) the documentation relating to the Other Secured Debt, (<u>b</u>) constituting Additional Obligations (and Refinancing Indebtedness in respect thereof), (<u>c</u>) constituting Rollover Indebtedness (and Refinancing Indebtedness in respect thereof), (<u>d</u>) in respect of Permitted Debt Exchange Notes Incurred pursuant to a Permitted Debt Exchange in accordance with <u>Subsection 2.9</u> and any Refinancing Indebtedness in respect thereof and (<u>e</u>) pursuant to any Letter of Credit Facility (and any Refinancing Indebtedness in respect thereof), in a maximum principal amount for all such Indebtedness at any time outstanding not exceeding in the aggregate the amount equal to the sum of (<u>A</u>) $2,550,000,000, <u>plus</u> (<u>B</u>) the amount equal to the greater of (<u>x</u>) $500,000,000 and (<u>y</u>) an amount equal to (but not less than zero) (<u>1</u>) the Domestic Borrowing Base <u>less</u> (<u>2</u>) the aggregate principal amount of Indebtedness Incurred by Special Purpose Entities that are Domestic Subsidiaries and then outstanding pursuant to <u>Subsection 8.1(b)(ix)</u>, <u>plus</u> (<u>C</u>) without duplication of incremental amounts included in the definition of "Refinancing Indebtedness", in the event of any refinancing of any such Indebtedness (including with Specified Refinancing Indebtedness), the aggregate amount of fees, underwriting discounts, premiums and other costs and expenses (including accrued and unpaid interest) Incurred or payable in connection with such refinancing, and (<u>II</u>) Indebtedness Incurred by a Borrower, a Guarantor or an Escrow Subsidiary (<u>a</u>) pursuant to (<u>x</u>) this Agreement and the other Loan Documents and (<u>y</u>) the documentation relating

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to the Other Secured Debt, (<u>b</u>) constituting Additional Obligations, (<u>c</u>) constituting Rollover Indebtedness, (<u>d</u>) in respect of Permitted Debt Exchange Notes Incurred pursuant to a Permitted Debt Exchange in accordance with <u>Subsection 2.9</u> and (<u>e</u>) pursuant to any Letter of Credit Facility, in an aggregate principal amount for all such Indebtedness outstanding after giving effect to such Incurrence not in excess of the Maximum Incremental Facilities Amount (for purposes of determining the amount of the Cash Capped Incremental Facility outstanding, treating (<u>x</u>) any then unused portion of Incremental Revolving Commitments made available in reliance on such clause as outstanding Indebtedness and (<u>y</u>) Refinancing Indebtedness and Permitted Debt Exchange Notes Incurred pursuant to this <u>Subsection 8.1(b)(i)(II)</u> in respect of Indebtedness Incurred in reliance on the Cash Capped Incremental Facility (and Refinancing Indebtedness and Permitted Debt Exchange Notes Incurred pursuant to this <u>Subsection 8.1(b)(i)(II)</u> in respect of such Refinancing Indebtedness and/or Permitted Debt Exchange Notes) as outstanding pursuant to such clause), together with Refinancing Indebtedness in respect of the Indebtedness described in subclauses (a), (b), (c), (d) and (e) of this clause (II), <u>plus</u>, without duplication of incremental amounts included in the definition of "Refinancing Indebtedness", in the event of any refinancing of such Indebtedness (including with Specified Refinancing Indebtedness), the aggregate amount of all fees, underwriting discounts, premiums and other costs and expenses (including accrued and unpaid interest) Incurred or payable in connection with such refinancing;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Indebtedness (<u>A</u>) of any Restricted Subsidiary to the Parent Borrower, or (<u>B</u>) of the Parent Borrower or any Restricted Subsidiary to any Restricted Subsidiary; <u>provided</u> that in the case of this <u>Subsection 8.1(b)(ii)</u>, any subsequent issuance or transfer of any Capital Stock of such Restricted Subsidiary to which such Indebtedness is owed, or other event, that results in such Restricted Subsidiary ceasing to be a Restricted Subsidiary or any other subsequent transfer of such Indebtedness (except to the Parent Borrower or a Restricted Subsidiary) will be deemed, in each case, an Incurrence of such Indebtedness by the issuer thereof not permitted by this <u>Subsection 8.1(b)(ii)</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) (<u>A</u>) any Indebtedness (other than the Indebtedness pursuant to (<u>x</u>) this Agreement and the other Loan Documents and (<u>y</u>) the Other Secured Debt described in <u>Subsections 8.1(b)(i)</u>) outstanding (or Incurred pursuant to any commitment outstanding) on the Closing Date and set forth on <u>Schedule 8.1</u> and (<u>B</u>) any Refinancing Indebtedness Incurred in respect of any Indebtedness (or unutilized commitments) described in this <u>Subsection 8.1(b)(iii)</u>, <u>Subsection 8.1(a)</u> or <u>Subsection 8.1(b)(xvii)</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) Purchase Money Obligations, Financing Lease Obligations, and in each case any Refinancing Indebtedness with respect thereto; <u>provided</u> that the aggregate principal amount of such Purchase Money Obligations Incurred to finance the acquisition of Capital Stock of any Person at any time outstanding pursuant to this clause shall not exceed an amount equal to the greater of $129,000,000 and 30.0% of Four Quarter Consolidated EBITDA;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) Indebtedness (<u>A</u>) supported by a letter of credit issued in compliance with this <u>Subsection 8.1</u> in a principal amount not exceeding the face amount of such letter of credit or (<u>B</u>) consisting of accommodation guarantees for the benefit of trade creditors of the Parent Borrower or any of its Restricted Subsidiaries;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) (<u>A</u>) Guarantees by the Parent Borrower or any Restricted Subsidiary of Indebtedness or any other obligation or liability of the Parent Borrower or any Restricted Subsidiary (other than any Indebtedness Incurred by the Parent Borrower or such Restricted Subsidiary, as the case may be, in violation of this <u>Subsection 8.1</u>), or (<u>B</u>) without limiting <u>Subsection 8.6</u>, Indebtedness of the Parent Borrower or any Restricted Subsidiary arising by reason of any Lien granted by or applicable to such Person securing Indebtedness of the Parent Borrower or any Restricted Subsidiary (other than any Indebtedness Incurred by the Parent Borrower or such Restricted Subsidiary, as the case may be, in violation of this <u>Subsection 8.1</u>);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) Indebtedness of the Parent Borrower or any Restricted Subsidiary (<u>A</u>) arising from the honoring of a check, draft or similar instrument of such Person drawn against insufficient funds in the ordinary course of business or (<u>B</u>) consisting of guarantees, indemnities, obligations in respect of earn-outs or other purchase price adjustments, or similar obligations, Incurred in connection with the acquisition or disposition of any business, assets or Person;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii) Indebtedness of the Parent Borrower or any Restricted Subsidiary in respect of (<u>A</u>) letters of credit, bankers' acceptances or other similar instruments or obligations issued, or relating to liabilities or obligations incurred, in the ordinary course of business (including those issued to governmental entities in connection with self-insurance under applicable workers' compensation statutes), (<u>B</u>) performance and completion guarantees, surety, judgment, appeal, bid, performance or payment bonds, or other similar bonds, instruments or obligations, provided, or relating to liabilities or obligations incurred, in the ordinary course of business, (<u>C</u>) Hedging Obligations, entered into for bona fide hedging purposes, (<u>D</u>) Management Guarantees or Management Indebtedness, (<u>E</u>) the financing of insurance premiums in the ordinary course of business, (<u>F</u>) take-or-pay obligations under supply arrangements incurred in the ordinary course of business, (<u>G</u>) netting, overdraft protection and other arrangements arising under standard business terms of any bank at which the Parent Borrower or any Restricted Subsidiary maintains an overdraft, cash pooling or other similar facility or arrangement, (<u>H</u>) Junior Capital in an aggregate principal amount at any time outstanding not to exceed the greater of $172,000,000 and 40.0% of Four Quarter Consolidated EBITDA, (<u>I</u>) Bank Products Obligations or (<u>J</u>) Commodities Agreements, Currency Agreements or Interest Rate Agreements to the extent entered into by such Person in the ordinary course of business for the purpose of directly mitigating risks associated with liabilities, commitments, investments, assets, or property held or reasonably anticipated by such Person, or changes in the value of securities issued by such Person, and not for purposes of speculation or taking a "market view";

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ix) Indebtedness (<u>A</u>) of a Special Purpose Subsidiary secured by a Lien on all or part of the assets disposed of in, or otherwise Incurred in connection with, a Financing Disposition or (<u>B</u>) otherwise Incurred in connection with a Special Purpose Financing; <u>provided</u> that (<u>1</u>) such Indebtedness is not recourse to the Parent Borrower or any Restricted Subsidiary that is not a Special Purpose Subsidiary (other than with respect to Special Purpose Financing Undertakings); (<u>2</u>) in the event such Indebtedness shall become recourse to the Parent Borrower or any Restricted Subsidiary that is not a Special Purpose Subsidiary (other than with respect to Special Purpose Financing Undertakings), such Indebtedness will be deemed to be, and must be classified by the Borrower Representative as, Incurred at such time (or at the time initially Incurred) under one or more of the other provisions of this <u>Subsection 8.1</u> for so long as such Indebtedness shall be so recourse; and (<u>3</u>) in the event that at any time thereafter such Indebtedness shall comply with the provisions of the preceding subclause (1), the Parent Borrower may classify such Indebtedness in whole or in part as Incurred under this <u>Subsection 8.1(b)(ix)</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(x) Indebtedness of (<u>A</u>) the Parent Borrower or any Restricted Subsidiary Incurred to finance or refinance, or otherwise Incurred in connection with, any acquisition of assets (including Capital Stock), business or Person, or any merger, amalgamation or consolidation of any Person with or into the Parent Borrower or any Restricted Subsidiary or (<u>B</u>) any Person that is acquired by or merged, amalgamated or consolidated with or into the Parent Borrower or any Restricted Subsidiary (including Indebtedness thereof Incurred in connection with any such acquisition, merger, amalgamation or consolidation); <u>provided</u> that on the date of such acquisition, merger, amalgamation or consolidation, after giving pro forma effect thereto, either (<u>1</u>) the Parent Borrower could Incur at least $1.00 of additional Indebtedness pursuant to <u>Subsection 8.1(b)(xvii</u>), (<u>2</u>) the Consolidated Total Leverage Ratio of the Parent Borrower would equal or be less than the Consolidated Total Leverage Ratio of the Parent Borrower immediately prior to giving effect thereto, (<u>3</u>) the Parent Borrower could Incur at least $1.00 of additional Indebtedness pursuant to <u>Subsection 8.1(a)</u> or (4) the Consolidated Coverage Ratio of the Parent Borrower would equal or be greater than the Consolidated Coverage Ratio of the Parent Borrower immediately prior to giving effect thereto; <u>provided</u>, <u>further</u>, that if, at the Borrower Representative's option, on the date of the initial borrowing of such Indebtedness or entry into the definitive agreement providing the commitment to fund such Indebtedness, pro forma effect is given to the Incurrence of the entire committed amount of such Indebtedness, such committed amount may thereafter be borrowed and reborrowed, in whole or in part, from time to time, without further compliance with this clause (x); and any Refinancing Indebtedness with respect to any such Indebtedness;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xi) Contribution Indebtedness and any Refinancing Indebtedness with respect thereto;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xii) Indebtedness issuable upon the conversion or exchange of shares of Disqualified Stock issued in accordance with <u>Subsection 8.1(a)</u>, and any Refinancing Indebtedness with respect thereto;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xiii) Indebtedness of the Parent Borrower or any Restricted Subsidiary in an aggregate principal amount at any time outstanding not exceeding an amount equal to the greater of $172,000,000 and 40.0% of Four Quarter Consolidated EBITDA;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xiv) Indebtedness of (<u>A</u>) the Parent Borrower or any Restricted Subsidiary Incurred as consideration in connection with or otherwise to finance any acquisition of assets (including Capital Stock), business or Person, or any merger or consolidation of any Person with or into the Parent Borrower or any Restricted Subsidiary or (<u>B</u>) any Person that is acquired by or merged or consolidated with or into the Parent Borrower or any Restricted Subsidiary (including Indebtedness thereof Incurred in connection with any such acquisition, merger or consolidation), and, in each case, any Refinancing Indebtedness with respect thereto, in an aggregate principal amount at any time outstanding not exceeding an amount equal to the greater of $172,000,000 and 40.0% of Four Quarter Consolidated EBITDA;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xv) Indebtedness of any Foreign Subsidiary in an aggregate principal amount at any time outstanding not exceeding an amount equal to the sum of (i) the greater of $86,000,000 and 20.0% of Four Quarter Consolidated EBITDA and (ii) an amount equal to (but not less than zero) (A) the Foreign Borrowing Base <u>less</u> (B) the aggregate principal amount of Indebtedness Incurred by Special Purpose Subsidiaries that are Foreign Subsidiaries and then outstanding pursuant to clause (ix) of this paragraph (b), <u>plus</u> (C) in the event of any refinancing of any Indebtedness Incurred under this clause (xv), the aggregate amount of fees, underwriting discounts, premiums and other costs and expenses (including accrued and unpaid interest) Incurred or payable in connection with such refinancing;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xvi) Indebtedness pursuant to any Letter of Credit Facility in an aggregate principal amount at any time outstanding not exceeding an amount equal to the greater of $65,000,000 and 15.0% of Four Quarter Consolidated EBITDA;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xvii) Indebtedness of the Parent Borrower or any Restricted Subsidiary in an unlimited amount if, after giving effect to the Incurrence of such amount (or, at the Parent Borrower's option, on the date of the initial borrowing of such Indebtedness or entry into the definitive agreement providing the commitment to fund such Indebtedness after giving pro forma effect to the Incurrence of the entire committed amount thereof, in which case such committed amount may thereafter be borrowed and reborrowed in whole or in part, from time to time, without further compliance with this clause (xvii)), if such Indebtedness is (x) secured by a Lien on an equal priority basis

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with the Liens on the Collateral securing the Senior Secured Facilities Obligations (or, with respect to Indebtedness of a Foreign Loan Party, the applicable Foreign Senior Secured Facilities Obligations), either (<u>I</u>) the Consolidated First Lien Leverage Ratio shall not exceed 5.00:1.00 or (<u>II</u>) in the case of Indebtedness being Incurred to finance or refinance, or otherwise Incurred in connection with any acquisition of assets or Permitted Investment (including Capital Stock), business or Person, or any merger or consolidation of any Person with or into the Parent Borrower or any Restricted Subsidiary, the Consolidated First Lien Leverage Ratio would equal or be less than the Consolidated First Lien Leverage Ratio immediately prior to giving effect thereto, (<u>y</u>) secured by a Lien on a junior lien basis with the Liens on the Collateral securing the Senior Secured Facilities Obligations (or, with respect to Indebtedness of a Foreign Loan Party, the applicable Foreign Senior Secured Facilities Obligations), either (<u>I</u>) the Consolidated Secured Leverage Ratio shall not exceed 5.50:1.00 or (<u>II</u>) in the case of Indebtedness being Incurred to finance or refinance, or otherwise Incurred in connection with any acquisition of assets or Permitted Investment (including Capital Stock), business or Person, or any merger or consolidation of any Person with or into the Parent Borrower or any Restricted Subsidiary, the Consolidated Secured Leverage Ratio would equal or be less than the Consolidated Secured Leverage Ratio immediately prior to giving effect thereto or (<u>z</u>) unsecured, either (<u>I</u>) (<u>A</u>) the Consolidated Total Leverage Ratio shall not exceed 6.00:1.00 or (<u>B</u>) in the case of Indebtedness being Incurred to finance or refinance, or otherwise Incurred in connection with any acquisition of assets or Permitted Investment (including Capital Stock), business or Person, or any merger or consolidation of any Person with or into the Parent Borrower or any Restricted Subsidiary, the Consolidated Total Leverage Ratio would equal or be less than the Consolidated Total Leverage Ratio immediately prior to giving effect thereto or (<u>II</u>) the Consolidated Coverage Ratio shall not be less than 2.00:1.00; <u>provided</u>, that the aggregate principal amount of Indebtedness that may be Incurred pursuant to this <u>Subsection 8.1(b)(xvii)</u> by Restricted Subsidiaries that are not Subsidiary Guarantors or Escrow Subsidiaries, together with the aggregate outstanding principal amount of Indebtedness Incurred by Restricted Subsidiaries that are not Subsidiary Guarantors or Escrow Subsidiaries pursuant to <u>Subsection 8.1(a)</u>, shall not exceed the greater of $172,000,000 and 40.0% of Four Quarter Consolidated EBITDA at any time outstanding;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xviii) [Reserved];

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xix) [Reserved]; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xx) Indebtedness of any Subsidiary that is not a Loan Party to any other Subsidiary that is not a Loan Party.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) For purposes of determining compliance with, and the outstanding principal amount of any particular Indebtedness Incurred pursuant to and in compliance with, this <u>Subsection 8.1</u>, (<u>i</u>) any other obligation of the obligor on such Indebtedness (or of any other Person who could have Incurred such Indebtedness under this <u>Subsection 8.1</u>) arising under any Guarantee, Lien or letter of credit, bankers' acceptance or other similar instrument or obligation supporting such Indebtedness shall be disregarded to the extent that such Guarantee, Lien or letter of credit, bankers' acceptance or other similar instrument or obligation secures the principal amount of such Indebtedness; (<u>ii</u>) in the event that Indebtedness Incurred pursuant to <u>Subsection 8.1(b)</u> meets the criteria of more than one of the types of Indebtedness described in <u>Subsection 8.1(b)</u>, the Borrower Representative, in its sole discretion, shall classify such item of Indebtedness and may include the amount and type of such Indebtedness in one or more of the clauses or subclauses of <u>Subsection 8.1(b)</u> (including in part under one such clause or subclause and in part under another such clause or subclause); <u>provided</u> that (if the Borrower Representative shall so determine) any Indebtedness Incurred pursuant to (<u>x</u>) <u>Subsection 8.1(b)(iv)</u>, <u>(b)(viii)(H)</u>, <u>(b)(xiii)</u>, <u>(b)(xiv)</u>, <u>(b)(xv)</u> or <u>(b)(xvi)</u> shall cease to be deemed Incurred or outstanding for purposes of such clause or subclause but shall be deemed Incurred for the purposes of <u>Subsection 8.1(a)</u> or <u>(b)(xvii)</u>, as applicable, from and after the first date on which the Parent Borrower or any Restricted Subsidiary could have Incurred such Indebtedness under <u>Subsection 8.1(a)</u> or <u>(b)(xvii)</u>, as applicable, without reliance on such clause or subclause and (<u>y</u>) the Cash Capped Incremental Facility shall cease to be deemed Incurred or outstanding for purposes of such definition but shall be deemed Incurred for the purposes of the Ratio Incremental Facility from and after the first date on which the Borrowers could have Incurred such Indebtedness under the Ratio Incremental Facility without reliance on such provision; (<u>iii</u>) in the event that Indebtedness could be Incurred in part under <u>Subsection 8.1(a)</u>, the Borrower Representative, in its sole discretion, may classify a portion of such Indebtedness as having been Incurred under <u>Subsection 8.1(a)</u> and the remainder of such Indebtedness as having been Incurred under <u>Subsection 8.1(b)</u>; (<u>iv</u>) the amount of Indebtedness issued at a price that is less than the principal amount thereof shall be equal to the amount of the liability in respect thereof determined in accordance with GAAP; (<u>v</u>) the principal amount of Indebtedness outstanding under any clause or subclause of <u>Subsection 8.1</u>, including for purposes of any determination of the "Maximum Incremental Facilities Amount", shall be determined after giving effect to the application of proceeds of any such Indebtedness to refinance any such other Indebtedness; (<u>vi</u>) if any commitments in respect of revolving or deferred draw Indebtedness are established in reliance on any provision of <u>Subsection</u> <u>8.1</u> measured by reference to Four Quarter Consolidated EBITDA (or a percentage thereof), at the Parent Borrower's option, on the date of the initial borrowing of such Indebtedness or entry into the definitive agreement providing for the commitment to fund such Indebtedness after giving pro forma effect to the Incurrence of the entire committed amount of such Indebtedness, such amount may thereafter be borrowed and reborrowed, in whole or in part, from time to time, irrespective of whether or not such Incurrence would cause such Four Quarter Consolidated EBITDA (or a percentage thereof) to be exceeded; (<u>vii</u>) if any Indebtedness is Incurred to refinance Indebtedness (or unutilized commitments in respect of Indebtedness) initially Incurred (or established) (or, to refinance Indebtedness Incurred (or commitments established) to refinance Indebtedness initially Incurred (or commitments initially established)) in reliance on any provision of <u>Subsection 8.1</u> measured by reference to Four Quarter Consolidated EBITDA (or a percentage thereof) at the time of Incurrence (or establishment), and such refinancing would cause such Four Quarter Consolidated EBITDA (or a percentage thereof) to be exceeded if calculated based on the Four Quarter Consolidated EBITDA (or a percentage thereof) on the date of such refinancing such Four Quarter Consolidated EBITDA (or a percentage thereof) shall not be deemed to be exceeded (and such refinancing Indebtedness shall be deemed permitted) so long as the outstanding or

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committed principal amount of such refinancing Indebtedness does not exceed an amount equal to the outstanding or committed principal amount of such Indebtedness being refinanced, plus the aggregate amount of fees, underwriting discounts, premiums and other costs and expenses (including accrued and unpaid interest) Incurred or payable in connection with such refinancing; and (<u>viii</u>) if any Indebtedness is Incurred to refinance Indebtedness (or unutilized commitments in respect of Indebtedness) initially Incurred (or established) (or, to refinance Indebtedness Incurred (or commitments established) to refinance Indebtedness initially Incurred (or commitments initially established)) in reliance on any provision of <u>Subsection 8.1(b)</u> measured by a dollar amount, such dollar amount shall not be deemed to be exceeded (and such refinancing Indebtedness shall be deemed permitted) to the extent the outstanding or committed principal amount of such refinancing Indebtedness does not exceed an amount equal to the outstanding or committed principal amount of such Indebtedness being refinanced, <u>plus</u> the aggregate amount of fees, underwriting discounts, premiums and other costs and expenses (including accrued and unpaid interest) Incurred or payable in connection with such refinancing. Notwithstanding anything herein to the contrary, the Other Secured Debt shall be classified as Incurred under <u>Subsection 8.1(b)(i)(I)</u>, and may not later be reclassified.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) For purposes of determining compliance with any provision of <u>Subsection 8.1(b)</u> (or any category of Permitted Liens described in the definition thereof) denominated in Dollars or by reference to Consolidated Total Assets or Four Quarter Consolidated EBITDA (or a percentage thereof), in each case, for the Incurrence of Indebtedness or Liens securing Indebtedness denominated in a foreign currency, the Dollar Equivalent principal amount of such Indebtedness Incurred pursuant thereto, shall be calculated based on the relevant currency exchange rate in effect on, at the Borrower Representative's option, the date that such Indebtedness was Incurred or allocated or priced, in the case of term Indebtedness, or first committed, in the case of revolving or deferred draw Indebtedness; <u>provided</u> that if such Indebtedness is Incurred to modify, refinance, refund, renew or extend other Indebtedness denominated in a foreign currency, and such modification, refinancing, refunding, renewal or extension would cause the applicable Dollar-denominated restriction to be exceeded if calculated at the relevant currency exchange rate in effect on the date of such modification, refinancing, refunding, renewal or extension, such Dollar-denominated restriction shall be deemed not to have been exceeded so long as the principal amount of such refinancing Indebtedness does not exceed the principal amount of such Indebtedness being modified, refinanced, refunded, renewed or extended.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.2 <u>Limitation on Restricted Payments</u>. (a) The Parent Borrower shall not, and shall not permit any Restricted Subsidiary, directly or indirectly, to (<u>i</u>) declare or pay any dividend or make any distribution on or in respect of its Capital Stock (including any such payment in connection with any merger or consolidation to which the Parent Borrower is a party) except (<u>x</u>) dividends or distributions payable solely in its Capital Stock (other than Disqualified Stock) and (<u>y</u>) dividends or distributions payable to the Parent Borrower or any Restricted Subsidiary (and, in the case of any such Restricted Subsidiary making such dividend or distribution, to other holders of its Capital Stock on no more than a pro rata basis, measured by value), (<u>ii</u>) purchase, redeem, retire or otherwise acquire for value any Capital Stock of the Parent Borrower held by Persons other than the Parent Borrower or a Restricted Subsidiary (other than any acquisition of Capital Stock deemed to occur upon the exercise of options if such Capital Stock represents a portion of the exercise price thereof), (<u>iii</u>) voluntarily purchase,

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repurchase, redeem, defease or otherwise voluntarily acquire or retire for value, prior to scheduled maturity, scheduled repayment or scheduled sinking fund payment, any Junior Debt (other than a purchase, repurchase, redemption, defeasance or other acquisition or retirement for value in anticipation of satisfying a sinking fund obligation, principal installment or final maturity, in each case due within one year of the date of such purchase, repurchase, redemption, defeasance or other acquisition or retirement) or (<u>iv</u>) make any Investment (other than a Permitted Investment) in any Person (any such dividend, distribution, purchase, repurchase, redemption, defeasance, other acquisition or retirement or Investment being herein referred to as a "<u>Restricted Payment</u>"), if at the time the Parent Borrower or such Restricted Subsidiary makes such Restricted Payment after giving effect thereto:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) an Event of Default under <u>Subsection 9.1(a)</u>, <u>(c)</u>, <u>(e)</u>, <u>(f)</u>, <u>(h)</u>, <u>(i)</u>, <u>(j)</u> or <u>(k)</u>, or another Event of Default known to the Borrower Representative shall have occurred and be continuing (or would result therefrom);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) the Parent Borrower could not Incur at least an additional $1.00 of Indebtedness pursuant to <u>Subsection 8.1(a)</u> or <u>Subsection 8.1(b)(xvii)</u>; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) the aggregate amount of such Restricted Payment and all other Restricted Payments (the amount so expended, if other than in cash, to be as determined in good faith by the Board of Directors, whose determination shall be conclusive and evidenced by a resolution of the Board of Directors) declared or made subsequent to the Closing Date and then outstanding would exceed, without duplication, the sum of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A) (<u>x</u>) the greater of $86,000,000 and 20.0% of Four Quarter Consolidated EBITDA <u>plus</u> (<u>y</u>) 50.0% of the Consolidated Net Income accrued during the period (treated as one accounting period) beginning on January 1, 2026 to the end of the most recent fiscal quarter of the Parent Borrower ending prior to the date of such Restricted Payment for which consolidated financial statements of the Parent Borrower are available (or, in case such Consolidated Net Income shall be a negative number, 100.0% of such negative number);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) the aggregate Net Cash Proceeds and the fair value (as determined in good faith by the Borrower Representative, which determination shall be conclusive) of property or assets received (or deemed to be received) (<u>x</u>) by the Parent Borrower as capital contributions to the Parent Borrower after the Closing Date or from the issuance or sale (other than to a Restricted Subsidiary) of its Capital Stock (other than Disqualified Stock) after the Closing Date (other than Excluded Contributions and Contribution Amounts) or (<u>y</u>) by the Parent Borrower or any Restricted Subsidiary from the Incurrence by the Parent Borrower or any Restricted Subsidiary after the Closing Date of Indebtedness that shall have been converted into or exchanged for Capital Stock of the Parent Borrower (other than Disqualified Stock), plus the amount of any cash and the fair value (as determined in good faith by the Borrower Representative, which determination shall be conclusive) of any property or assets, received (or deemed to be received) by the Parent Borrower or any Restricted Subsidiary upon such conversion or exchange;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(C) (<u>i</u>) the aggregate amount of cash and the fair value (as determined in good faith by the Borrower Representative, which determination shall be conclusive) of any property or assets received (or deemed to be received) after the Closing Date from dividends, distributions, interest payments, return of capital, repayments of Investments or other transfers of assets to the Parent Borrower or any Restricted Subsidiary from any Unrestricted Subsidiary after the Closing Date, including dividends or other distributions related to dividends or other distributions made pursuant to <u>Subsection 8.2(b)(ix)</u>, plus (<u>ii</u>) the aggregate amount resulting from the redesignation after the Closing Date of any Unrestricted Subsidiary as a Restricted Subsidiary (valued in each case as provided in the definition of "Investment"); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(D) in the case of any disposition or repayment of any Investment constituting a Restricted Payment after the Closing Date (without duplication of any amount deducted in calculating the amount of Investments at any time outstanding included in the amount of Restricted Payments), the aggregate amount of cash and the fair value (as determined in good faith by the Borrower Representative, which determination shall be conclusive) of any property or assets received (or deemed to be received) by the Parent Borrower or a Restricted Subsidiary after the Closing Date with respect to all such dispositions and repayments.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The provisions of <u>Subsection 8.2(a)</u> do not prohibit any of the following (each, a "<u>Permitted Payment</u>"):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) (<u>x</u>) any purchase, redemption, repurchase, defeasance or other acquisition or retirement of Capital Stock of the Parent Borrower ("<u>Treasury Capital Stock</u>") or any Junior Debt made by exchange (including any such exchange pursuant to the exercise of a conversion right or privilege in connection with which cash is paid in lieu of the issuance of fractional shares) for, or out of the proceeds of the issuance or sale of, Capital Stock of the Parent Borrower (other than Disqualified Stock and other than Capital Stock issued or sold to a Subsidiary) ("<u>Refunding Capital Stock</u>") or a capital contribution to the Parent Borrower, in each case other than Excluded Contributions and Contribution Amounts; <u>provided</u> that the Net Cash Proceeds from such issuance, sale or capital contribution shall be excluded in subsequent calculations under <u>Subsection 8.2(a)(3)(B)</u> and (<u>y</u>) if immediately prior to such acquisition or retirement of such Treasury Capital Stock, dividends thereon were permitted pursuant to <u>Subsection 8.2(b)(xi)</u>, dividends on such Refunding Capital Stock in an aggregate amount per annum not exceeding the aggregate amount per annum of dividends so permitted on such Treasury Capital Stock;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) any dividend paid or redemption made within sixty (60) days after the date of declaration thereof or of the giving of notice thereof, as applicable, if at such date of declaration or the giving of such notice, such dividend or redemption would have complied with this <u>Subsection 8.2</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) Investments or other Restricted Payments (<u>x</u>) in an aggregate amount outstanding at any time not to exceed the amount of Excluded Contributions or (<u>y</u>) without duplication of clause (x), in an amount equal to the lesser of (<u>A</u>) the Net Cash Proceeds from an Asset Disposition in respect of property or assets acquired after the Closing Date, if and to the extent the acquisition of such property or assets was financed with Excluded Contributions and (<u>B</u>) an amount equal to the amount of Excluded Contributions applied to finance such acquisitions of property or assets;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) payments with respect to any intercompany loans permitted under <u>Subsection 8.1(b)(xx)</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) Restricted Payments in an amount not to exceed in any fiscal year of the Parent Borrower 6.0% of Market Capitalization;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) Restricted Payments (including loans or advances) in an aggregate amount outstanding at any time not to exceed an amount (net of repayments of any such loans or advances) equal to the greater of $86,000,000 and 20.0% of Four Quarter Consolidated EBITDA;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) [reserved];

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii) payments by the Parent Borrower in lieu of issuance of fractional shares of such Capital Stock;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ix) dividends or other distributions of, or Investments paid for or made with, Capital Stock, Indebtedness or other securities of Unrestricted Subsidiaries;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(x) any Restricted Payment pursuant to or in connection with the Transactions;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xi) so long as no Default or Event of Default shall have occurred and be continuing or would result therefrom, (A) dividends on any Designated Preferred Stock of the Parent Borrower issued after the Closing Date; <u>provided</u> that at the time of such issuance and after giving effect thereto on a pro forma basis, the Consolidated Coverage Ratio would be at least 2.00:1.00; or (B) any dividend on Refunding Capital Stock that is Preferred Stock; <u>provided</u> that at the time of the declaration of such dividend and after giving effect thereto on a pro forma basis, the Consolidated Coverage Ratio would be at least 2.00:1.00;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xii) distributions or payments of Special Purpose Financing Fees;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xiii) the declaration and payment of dividends to holders of any class or series of Disqualified Stock, or of any Preferred Stock of a Restricted Subsidiary, Incurred in accordance with the terms of <u>Subsection 8.1</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xiv) any purchase, redemption, repurchase, defeasance or other acquisition, retirement or repayment of any Junior Debt (<u>u</u>) made by exchange for, or out of the proceeds of the Incurrence of, (<u>1</u>) Refinancing Indebtedness Incurred in compliance with <u>Subsection 8.1</u> or (<u>2</u>) new Indebtedness of the Parent Borrower, or a Restricted Subsidiary, as the case may be, Incurred in compliance with <u>Subsection 8.1</u>, so long as such new Indebtedness satisfies all requirements for "Refinancing Indebtedness" set forth in the definition thereof applicable to a refinancing of such Junior Debt, (<u>v</u>) from Net Available Cash or an equivalent amount to the extent permitted by <u>Subsection 8.4</u>, (<u>w</u>) from declined amounts as contemplated by <u>Subsection 4.4(h)</u>, (<u>x</u>) following the occurrence of a Change of Control (or other similar event described therein as a "change of control"), but only if the Parent Borrower shall have complied with <u>Subsection 8.8(a</u>) prior to purchasing, redeeming, repurchasing, defeasing, acquiring, retiring or repaying such Junior Debt, (<u>y</u>) constituting Acquired Indebtedness or (<u>z</u>) in an aggregate amount at any time not exceeding the sum of (<u>1</u>) an amount equal to the greater of $151,000,000 and 35.0% of Four Quarter Consolidated EBITDA and (<u>2</u>) the Available Restricted Payments Amount;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xv) Investments or other Restricted Payments in an aggregate amount outstanding at any time not to exceed an aggregate amount equal to the sum of all Leverage Excess Proceeds <u>plus</u> all Declined Amounts;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xvi) Investments in Unrestricted Subsidiaries in an aggregate amount outstanding at any time not exceeding an amount equal to the greater of $86,000,000 and 20.0% of Four Quarter Consolidated EBITDA;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xvii) (<u>x</u>) any Restricted Payments of the type described in clause (i) or (ii) of the definition thereof contained in <u>Subsection 8.2(a)</u>; <u>provided</u> that on a pro forma basis after giving effect to such Restricted Payment the Consolidated Total Leverage Ratio would be equal to or less than 4.00:1.00; <u>provided</u> <u>further</u> no Default or Event of Default shall have occurred and be continuing or would result therefrom, (<u>y</u>) any Restricted Payments of the type described in clause (iii) of the definition thereof contained in <u>Subsection 8.2(a)</u>; <u>provided</u> that on a pro forma basis after giving effect to such Restricted Payment the Consolidated Total Leverage Ratio would be equal to or less than 4.50:1.00; <u>provided</u> <u>further</u> that no Event of Default under <u>Subsection 9.1(a)</u> or <u>9.1(f)</u> shall have occurred and be continuing or would result therefrom and (z) any Restricted Payments of the type described in clause (iv) of the definition thereof contained in <u>Subsection 8.2(a)</u>; <u>provided</u> that on a pro forma basis after giving effect to such Restricted Payment the Consolidated Total Leverage Ratio would be equal to or less than 4.50:1.00; <u>provided</u> <u>further</u> that no Event of Default under <u>Subsection 9.1(a)</u> or <u>9.1(f)</u> shall have occurred and be continuing or would result therefrom;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xviii) Restricted Payments in cash to pay or permit the Parent Borrower to pay any amounts payable in respect of guarantees, indemnities, obligations in respect of earn-outs or other purchase price adjustments, or similar obligations, incurred in connection with the acquisition or disposition of any business, assets or Person, as long as such business, assets or Person have been acquired by or disposed of by the Parent Borrower or a Restricted Subsidiary, or such business, assets or Person (or in the case of a disposition, the Net Available Cash thereof) have been contributed to the Parent Borrower or a Restricted Subsidiary;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xix) payments or distributions to satisfy dissenters' or appraisal rights and the settlement of any claims or actions (whether actual, contingent or potential) with respect thereto, pursuant to or in connection with any acquisition of assets (including Capital Stock), business or Person, or any merger or consolidation of any Person with or into the Parent Borrower or any Restricted Subsidiary, or any other Investment;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xx) Restricted Payments to the Parent Borrower the proceeds of which are applied by the Parent Borrower in connection with any acquisition of assets (including Capital Stock), business or Person, or any merger, amalgamation or consolidation of any Person with or into the Parent Borrower or any Subsidiary thereof, or any other Investment; <u>provided</u> that (<u>A</u>) such acquisition, merger, amalgamation or consolidation or other Investment would have been permitted under this Agreement had it been consummated by the Parent Borrower or a Restricted Subsidiary (with such transaction being deemed to utilize the relevant covenant basket or exception under this Agreement), (<u>B</u>) such Restricted Payment shall be made substantially concurrently with the closing of such acquisition, merger, amalgamation or consolidation or other Investment and (<u>C</u>) the Parent Borrower shall, substantially concurrently with the closing thereof, cause (<u>1</u>) such business, assets or Person acquired and any liabilities assumed to be contributed to the Parent Borrower or a Restricted Subsidiary or (<u>2</u>) the merger or amalgamation into the Parent Borrower or one of its Restricted Subsidiaries in accordance with <u>Subsection 8.7</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxi) [reserved];

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxii) prepayments or purchases of principal by the Parent Borrower in respect of Indebtedness permitted under <u>Subsection 8.1(b)(xvii)(z)</u>, so long as such Restricted Payments are made with the proceeds of Indebtedness permitted under <u>Subsection 8.1(b)(xvii)(z)</u>;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxiii) repurchases of Capital Stock by the Parent Borrower deemed to occur upon the exercise of stock options or warrants if such Capital Stock represents a portion of the exercise price of such options or warrants or taxes payable in connection with the vesting or exercise of such options or warrants; <u>provided</u> that no Event of Default under <u>Subsection 9.1(a)</u> shall have occurred and be continuing or would result therefrom; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxiv) the payment of any dividend or distribution within sixty (60) days after the date of declaration thereof, if on the date of declaration, (<u>x</u>) such payment would have complied with the provisions of this Agreement and (<u>y</u>) no Default had occurred and was continuing; <u>provided</u> that no Event of Default under <u>Subsection 9.1(a)</u> shall have occurred and be continuing or would result therefrom.

<u>provided</u> that (<u>A</u>) in the case of <u>Subsections 8.2(b)(ii)</u>, <u>(v)</u> and <u>(viii)</u>, the net amount of any such Permitted Payment shall be included in subsequent calculations of the amount of Restricted Payments, (<u>B</u>) in all cases other than pursuant to clause (A) immediately above, the net amount of any such Permitted Payment shall be excluded in subsequent calculations of the amount of Restricted Payments and (<u>C</u>) solely with respect to <u>Subsection 8.2(b)(vi)</u> and <u>(xvii)</u>, no Event of Default under <u>Subsection 9.1(a)</u>, <u>(c)</u>, <u>(e)</u>, <u>(f)</u>, <u>(h)</u>, <u>(i)</u>, <u>(j)</u> or <u>(k)</u> or other Event of Default known to the Borrower Representative shall have occurred and be continuing at the time of any such Permitted Payment after giving effect thereto. The amount of any Investment or other Restricted Payment, if other than in cash, shall be determined in good faith by the Parent Borrower, which determination shall be conclusive. The Borrower Representative, in its sole discretion, may classify any Investment or other Restricted Payment as being made in part under one of the clauses or subclauses of this <u>Subsection 8.2(b)</u> (or, in the case of any Investment, the clauses or subclauses of Permitted Investments) and in part under one or more other such clauses or subclauses (or, as applicable, clauses or subclauses).

If the Parent Borrower or any of its Restricted Subsidiaries makes a Restricted Payment that, at the time of the making of such Restricted Payment, in the good faith determination of the Parent Borrower, would be permitted hereunder, such Restricted Payment shall be deemed to have been made in compliance with this Agreement notwithstanding any subsequent adjustment made in good faith to the Parent Borrower's financial statements affecting Consolidated Net Income or Consolidated EBITDA, as applicable.

Notwithstanding any provision to the contrary elsewhere in this Agreement, the consummation of any transaction (whether by way of sale, conveyance, transfer, or other disposition, and whether in a single transaction or series of related transactions) that results in the transfer of Material Intellectual Property from the Parent Borrower or any Restricted Subsidiary to an Unrestricted Subsidiary shall not constitute a Permitted Investment.

Notwithstanding any provision to the contrary elsewhere in this Agreement, Investments in Unrestricted Subsidiaries may only be made in reliance on <u>Section</u> <u>8.2(b)(xvi)</u>.

Notwithstanding any other provision of this Agreement, this Agreement shall not restrict any redemption or other payment by the Parent Borrower or any Restricted Subsidiary made as a mandatory principal redemption or other payment in respect of Junior Debt pursuant to an "AHYDO saver" provision of any agreement or instrument in respect of Junior Debt, and the Borrower Representative's determination in good faith (which determination shall be conclusive) of the amount of any such "AHYDO saver" mandatory principal redemption or other payment shall be conclusive and binding for all purposes under this Agreement.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.3 <u>Limitation on Restrictive Agreements</u>. The Parent Borrower will not, and will not permit any Restricted Subsidiary to, create or otherwise cause to exist or become effective any consensual encumbrance or restriction on (<u>i</u>) the ability of the Parent Borrower or any of its Restricted Subsidiaries (other than any Foreign Subsidiaries or any Excluded Subsidiaries) to create, incur, assume or suffer to exist any Lien in favor of the Lenders in respect of obligations and liabilities under this Agreement or any other Loan Documents upon any of its property, assets or revenues constituting Collateral as and to the extent contemplated by this Agreement and the other Loan Documents, whether now owned or hereafter acquired or (<u>ii</u>) the ability of any Restricted Subsidiary to (<u>x</u>) pay dividends or make any other distributions on its Capital Stock or pay any Indebtedness or other obligations owed to the Parent Borrower, (<u>y</u>) make any loans or advances to the Parent Borrower or (<u>z</u>) transfer any of its property or assets to the Parent Borrower (<u>provided</u> that dividend or liquidation priority between classes of Capital Stock, or subordination of any obligation (including the application of any remedy bars thereto) to any other obligation, will not be deemed to constitute such an encumbrance or restriction), except any encumbrance or restriction:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) pursuant to an agreement or instrument in effect at or entered into on the Closing Date, this Agreement and the other Loan Documents, the documentation relating to the Other Secured Debt (or any indenture, credit agreement or other agreement governing Refinancing Indebtedness in respect of the Other Secured Debt), the Intercreditor Agreement and, on and after the execution and delivery thereof, any Other Intercreditor Agreement, any Permitted Debt Exchange Notes (and any related documents) and any Additional Obligations Documents;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) pursuant to any agreement or instrument of a Person, or relating to Indebtedness or Capital Stock of a Person, which Person is acquired by or merged or consolidated with or into the Parent Borrower or any Restricted Subsidiary, or which agreement or instrument is assumed by the Parent Borrower or any Restricted Subsidiary in connection with an acquisition of assets from such Person, or any other transaction entered into in connection with any such acquisition, merger or consolidation, as in effect at the time of such acquisition, merger, consolidation or transaction (except to the extent that such Indebtedness was Incurred to finance, or otherwise Incurred in connection with, such acquisition, merger, consolidation or transaction); <u>provided</u> that for purposes of this <u>Subsection 8.3(b)</u>, if a Person other than the Parent Borrower is the Successor Borrower with respect thereto, any Subsidiary thereof or agreement or instrument of such Person or any such Subsidiary shall be deemed acquired or assumed, as the case may be, by the Parent Borrower or a Restricted Subsidiary, as the case may be, when such Person becomes such Successor Borrower;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) pursuant to an agreement or instrument (a "<u>Refinancing Agreement</u>") effecting a refinancing of Indebtedness Incurred or outstanding pursuant or relating to, or that otherwise extends, renews, refunds, refinances or replaces, any agreement or instrument referred to in <u>Subsection 8.3(a)</u> or <u>(b)</u> or this <u>Subsection 8.3(c)</u> (an "<u>Initial Agreement</u>") or that is, or is contained in, any amendment, supplement or other modification to an Initial Agreement or Refinancing Agreement (an "<u>Amendment</u>"); <u>provided</u>, <u>however</u>, that the encumbrances and restrictions contained in any such Refinancing Agreement or Amendment taken as a whole are not materially less favorable to the Lenders than encumbrances and restrictions contained in the Initial Agreement or Initial Agreements to which such Refinancing Agreement or Amendment relates (as determined in good faith by the Borrower Representative, which determination shall be conclusive);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) (<u>i</u>) pursuant to any agreement or instrument that restricts in a customary manner (as determined in good faith by the Borrower Representative, which determination shall be conclusive) the assignment or transfer thereof, or the subletting, assignment or transfer of any property or asset subject thereto, (<u>ii</u>) by virtue of any transfer of, agreement to transfer, option or right with respect to, or Lien on, any property or assets of the Parent Borrower or any Restricted Subsidiary not otherwise prohibited by this Agreement, (<u>iii</u>) contained in mortgages, pledges or other security agreements securing Indebtedness or other obligations of the Parent Borrower or a Restricted Subsidiary to the extent restricting the transfer of the property or assets subject thereto, (<u>iv</u>) pursuant to customary provisions (as determined in good faith by the Borrower Representative, which determination shall be conclusive) restricting dispositions of real property interests set forth in any reciprocal easement agreements of the Parent Borrower or any Restricted Subsidiary, (<u>v</u>) pursuant to Purchase Money Obligations that impose encumbrances or restrictions on the property or assets so acquired, (<u>vi</u>) on cash or other deposits or net worth or inventory imposed by customers or suppliers under agreements entered into in the ordinary course of business, (<u>vii</u>) pursuant to customary provisions (as determined in good faith by the Borrower Representative, which determination shall be conclusive) contained in agreements and instruments entered into in the ordinary course of business (including but not limited to leases and licenses) or in joint venture and other similar agreements or in shareholder, partnership, limited liability company and other similar agreements in respect of non-wholly owned Restricted Subsidiaries, (<u>viii</u>) that arises or is agreed to in the ordinary course of business and does not detract from the value of property or assets of the Parent Borrower or any Restricted Subsidiary in any manner material to the Parent Borrower or such Restricted Subsidiary, (<u>ix</u>) pursuant to Hedging Obligations or Bank Products Obligations or (<u>x</u>) that arises under the terms of documentation governing any factoring agreement or any similar arrangements that in the good faith determination of the Parent Borrower, which determination shall be conclusive, are necessary or appropriate to effect such factoring agreement or similar arrangements;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) with respect to any agreement for the direct or indirect sale or other disposition of Capital Stock, property or assets of any Person, imposing restrictions with respect to such Person, Capital Stock, property or assets pending the closing of such sale or other disposition;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) by reason of any applicable law, rule, regulation or order, or required by any regulatory authority having jurisdiction over the Parent Borrower or any Restricted Subsidiary or any of their businesses, including any such law, rule, regulation, order or requirement applicable in connection with such Restricted Subsidiary's status (or the status of any Subsidiary of such Restricted Subsidiary) as a Captive Insurance Subsidiary;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) pursuant to an agreement or instrument (<u>i</u>) relating to any Indebtedness permitted to be Incurred subsequent to the Closing Date pursuant to <u>Subsection 8.1</u> (<u>x</u>) if the encumbrances and restrictions contained in any such agreement or instrument taken as a whole are not materially less favorable to the Lenders than the encumbrances and restrictions contained in the Initial Agreements (as determined in good faith by the Borrower Representative, which determination shall be conclusive) or (<u>y</u>) if such encumbrance or restriction is not materially more disadvantageous to the Lenders than is customary in comparable financings (as determined in good faith by the Borrower Representative, which determination shall be conclusive) and either (<u>1</u>) the Borrower Representative determines in good faith, which determination shall be conclusive, that such encumbrance or restriction will not materially affect the Parent Borrower's ability to create and maintain the Liens on the Collateral pursuant to the Security Documents and make principal or interest payments on the Loans or (<u>2</u>) such encumbrance or restriction applies only if a default occurs under a circumstance described in <u>Subsection 9.1(f)</u> or in respect of a payment or financial covenant relating to such Indebtedness, (<u>ii</u>) relating to any sale of receivables by or Indebtedness of a Foreign Subsidiary or (<u>iii</u>) relating to Indebtedness of or a Financing Disposition by or to or in favor of any Special Purpose Entity;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) any agreement relating to intercreditor arrangements and related rights and obligations, to or by which the Lenders and/or the Administrative Agent, the Collateral Agent or any other agent, trustee or representative on their behalf may be party or bound at any time or from time to time, and any agreement providing that in the event that a Lien is granted for the benefit of the Lenders another Person shall also receive a Lien, which Lien is permitted by <u>Subsection 8.6</u>; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) any agreement governing or relating to Indebtedness and/or other obligations and liabilities secured by a Lien permitted by <u>Subsection 8.6</u> (in which case any restriction shall only be effective against the assets subject to such Lien, except as may be otherwise permitted under this <u>Subsection 8.3</u>).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.4 <u>Limitation on Sales of Assets and Subsidiary Stock</u>. (a) The Parent Borrower will not, and will not permit any Restricted Subsidiary to, make any Asset Disposition unless:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the Parent Borrower or such Restricted Subsidiary receives consideration (including by way of relief from, or by any other Person assuming responsibility for, any liabilities, contingent or otherwise) at the time of such Asset Disposition at least equal to the fair market value (as of the date on which a legally binding commitment for such Asset Disposition was entered into) of the shares and assets subject to such Asset Disposition, as such fair market value may be determined (and shall be determined, to the extent such Asset Disposition or any series of related Asset Dispositions involves aggregate consideration (including as to the value of all non-cash consideration) in excess of the greater of $108,000,000 and 25.0% of Four Quarter Consolidated EBITDA in good faith by the Borrower Representative, whose determination shall be conclusive);

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) in the case of any Asset Disposition (or series of related Asset Dispositions) having a fair market value (as determined in good faith by the Borrower Representative, whose determination shall be conclusive, as of the date on which a legally binding commitment for such Asset Disposition was entered into) of the greater of $108,000,000 and 25.0% of Four Quarter Consolidated EBITDA or more, at least 75.0% of the consideration therefor (excluding, in the case of an Asset Disposition (or series of related Asset Dispositions), any consideration by way of relief from, or by any other Person assuming responsibility for, any liabilities, contingent or otherwise, that are not Indebtedness) received by the Parent Borrower or such Restricted Subsidiary for such Asset Disposition, when taken together with any consideration received by the Parent Borrower or any Restricted Subsidiary in connection with any other Asset Dispositions since the Closing Date (on a cumulative basis), is in the form of cash; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) to the extent required by <u>Subsection 8.4(b)</u>, the Net Available Cash from such Asset Disposition (such amount, the "<u>Net Available Cash Amount</u>") is applied by the Parent Borrower (or any Restricted Subsidiary, as the case may be) as provided therein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) In the event that on or after the Closing Date the Parent Borrower or any Restricted Subsidiary shall make an Asset Disposition or a Recovery Event shall occur, subject to <u>Subsection 8.4(a)</u>, an amount equal to 100.0% (as such percentage may be adjusted pursuant to clause (3) of the proviso to this <u>Subsection 8.4(b)</u>) of the Net Available Cash from such Asset Disposition or Recovery Event shall be applied by the Parent Borrower (or any Restricted Subsidiary, as the case may be) as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) <u>first</u>, to the extent the Borrower Representative elects (by delivery of an officer's certificate by a Responsible Officer to the Administrative Agent) to invest in Additional Assets (including by means of an investment in Additional Assets by a Restricted Subsidiary with an amount equal to Net Available Cash received by the Parent Borrower or another Restricted Subsidiary) within (<u>x</u>) 365 days after the later of the date of such Asset Disposition or Recovery Event, as the case may be, and the date of receipt of such Net Available Cash (such period the "<u>Reinvestment Period</u>") or (<u>y</u>) if such investment in Additional Assets is a project authorized by the Board of Directors that will take longer than such 365 days to complete and is subject to a binding written commitment entered into during the Reinvestment Period, an additional 180 days after the last day of the Reinvestment Period (it being understood and agreed that if no such investment is made within the Reinvestment Period as extended by this clause (y), the Borrowers shall make the prepayments required by <u>Subsection</u> <u>8.4(b)(ii)</u> within ten Business Days after the earlier to occur of (<u>I</u>) the last day of such Reinvestment Period as extended by this clause (y) and (<u>II</u>) the date the Borrower Representative elects not to pursue such investment);

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) <u>second</u>, (<u>1</u>) if no application of Net Available Cash election is made pursuant to preceding clause (i) with respect to such Asset Disposition or Recovery Event or (<u>2</u>) if such election is made to the extent of the balance of such Net Available Cash or equivalent amount after application in accordance with <u>Subsection 8.4(b)(i)</u>, within ten Business Days after the end of the Reinvestment Period specified in clause (i) above (as extended pursuant to clause (y) of such clause (i)) (<u>x</u>) to the extent such Asset Disposition or Recovery Event is an Asset Disposition or Recovery Event of assets that constitute Collateral, to purchase, redeem, repay, prepay, make an offer to prepay or repurchase, or deliver a notice of redemption, in accordance with <u>Subsection 4.4(e)(i)</u> (subject to <u>Subsection 4.4(</u>h)) or the agreements or instruments governing the relevant Indebtedness described in clause (B) below (subject to any provision under such agreement or instrument analogous to <u>Subsection 4.4(h)</u>), as applicable, (<u>A</u>) the Term Loans and (<u>B</u>) to the extent the Parent Borrower or any Restricted Subsidiary is required by the terms thereof any Pari Passu Indebtedness on no more than a pro rata basis with the Term Loans and (<u>y</u>) to the extent such Asset Disposition is an Asset Disposition of assets that do not constitute Collateral, to purchase, redeem, repay, prepay, make an offer to prepay or repurchase, or deliver a notice of redemption, in accordance with <u>Subsection 4.4(e)(i)</u> (subject to <u>Subsection 4.4(h)</u>) or the agreements or instruments governing any relevant Indebtedness permitted under <u>Subsection 8.1</u> (subject to any provision under such agreement or instrument analogous to <u>Subsection 4.4(h)</u>), as applicable, (<u>A</u>) the Term Loans and (<u>B</u>) to the extent the Parent Borrower or any Restricted Subsidiary is required by the terms thereof, any other Indebtedness (other than Indebtedness subordinated in right of payment to the Senior Secured Facilities Obligations) on no more than a pro rata basis with the Term Loans; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) <u>third</u>, to the extent of the balance of such Net Available Cash Amount or equivalent amount after application in accordance with <u>Subsections 8.4(b)(i)</u> and <u>(ii)</u> above, to fund (to the extent consistent with any other applicable provision of this Agreement) any general corporate purpose (including but not limited to the repurchase, repayment or other acquisition or retirement of any Junior Debt or the making of other Restricted Payments);

<u>provided</u>, <u>however</u>, that (<u>1</u>) in connection with any prepayment, repayment, purchase or redemption of Indebtedness pursuant to clause (ii) above, the Parent Borrower or such Restricted Subsidiary will retire such Indebtedness and will cause the related loan commitment (if any) to be permanently reduced in an amount equal to the principal amount so prepaid, repaid, purchased or redeemed; (<u>2</u>) the Parent Borrower (or any Restricted Subsidiary, as the case may be) may elect to invest in Additional Assets prior to receiving the Net Available Cash attributable to any given Asset Disposition (<u>provided</u> that such investment shall be made no earlier than the earliest of notice of the relevant Asset Disposition to the Administrative Agent, execution of a definitive agreement for the relevant Asset Disposition, and consummation of the relevant Asset Disposition) and deem the amount so invested

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to be applied pursuant to and in accordance with <u>Subsection 8.4(b)(i</u>) above with respect to such Asset Disposition; and (<u>3</u>) the foregoing percentage in this <u>Subsection 8.4(b)</u> shall be reduced to (<u>x</u>) 50.0% if the Consolidated First Lien Leverage Ratio at the time of such Asset Disposition (or, at the Borrower Representative's option, on the date a legally binding commitment for such Asset Disposition was entered into) would be equal to or less than 4.50:1.00 and (<u>y</u>) 0.0% if the Consolidated First Lien Leverage Ratio at the time of such Asset Disposition (or, at the Borrower Representative's option, on the date a legally binding commitment for such Asset Disposition was entered into) would be equal to or less than 4.00:1.00, in each case after giving pro forma effect to any application of such Net Available Cash as set forth herein (any Net Available Cash in respect of Asset Dispositions not required to be applied in accordance with this <u>Subsection 8.4(b)</u> as a result of the application of this proviso shall collectively constitute "<u>Leverage Excess Proceeds</u>").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Notwithstanding the foregoing provisions of this <u>Subsection 8.4</u>, the Parent Borrower and the Restricted Subsidiaries shall not be required to apply any Net Available Cash or equivalent amount in accordance with this <u>Subsection 8.4</u> except to the extent that (<u>x</u>) the aggregate Net Available Cash from all Asset Dispositions and Recovery Events in respect of Collateral or equivalent amount that is not applied in accordance with this <u>Subsection 8.4</u> (excluding all Leverage Excess Proceeds) exceeds the greater of $129,000,000 and 30.0% of Four Quarter Consolidated EBITDA, in which case the Parent Borrower and the Restricted Subsidiaries shall apply all such Net Available Cash from such Asset Dispositions and Recovery Events or equivalent amount from such Asset Dispositions in excess of this threshold of the greater of $129,000,000 and 30.0% of Four Quarter Consolidated EBITDA in accordance with <u>Subsection 8.4(b)</u> or (<u>y</u>) the terms of any Pari Passu Indebtedness would require Net Available Cash or the equivalent amount from such Asset Dispositions and Recovery Events to be applied to purchase, redeem, repay or prepay such Indebtedness prior to reaching the dollar threshold set forth in clause (x).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) For the purposes of <u>Subsection 8.4(a)(ii)</u>, the following are deemed to be cash: (<u>1</u>) Temporary Cash Investments and Cash Equivalents, (<u>2</u>) the assumption of Indebtedness of the Parent Borrower (other than Disqualified Stock of the Parent Borrower) or any Restricted Subsidiary and the release of the Parent Borrower or such Restricted Subsidiary from all liability on payment of the principal amount of such Indebtedness in connection with such Asset Disposition, (<u>3</u>) Indebtedness of any Restricted Subsidiary that is no longer a Restricted Subsidiary as a result of such Asset Disposition, to the extent that the Parent Borrower and each other Restricted Subsidiary are released from any Guarantee of payment of the principal amount of such Indebtedness in connection with such Asset Disposition, (<u>4</u>) securities received by the Parent Borrower or any Restricted Subsidiary from the transferee that are converted by the Parent Borrower or such Restricted Subsidiary into cash within one hundred eighty (180) days, (<u>5</u>) consideration consisting of Indebtedness of the Parent Borrower or any Restricted Subsidiary, (<u>6</u>) Additional Assets, and (<u>7</u>) any Designated Noncash Consideration received by the Parent Borrower or any of its Restricted Subsidiaries in an Asset Disposition having an aggregate fair market value (as determined by the Borrower Representative in good faith, which determination shall be conclusive), taken together with all other Designated Noncash Consideration received pursuant to this clause (7), not to exceed an aggregate amount at any time outstanding equal to the greater of $129,000,000 and 30.0% of Four Quarter Consolidated EBITDA (with the fair market value (as determined by the Borrower Representative in good faith, which determination shall be conclusive) of each item of Designated Noncash Consideration being measured on the date a legally binding commitment for such Asset Disposition (or, if later, for the payment of such item) was entered into and without giving effect to subsequent changes in value).

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.5 <u>Limitations on Transactions with Affiliates</u>. (a) The Parent Borrower will not, and will not permit any Restricted Subsidiary to, directly or indirectly, enter into or conduct any transaction or series of related transactions (including the purchase, sale, lease or exchange of any property or the rendering of any service) with any Affiliate of the Parent Borrower (an "<u>Affiliate Transaction</u>") involving aggregate consideration in excess of the greater of $86,000,000 and 20.0% of Four Quarter Consolidated EBITDA unless (<u>i</u>) the terms of such Affiliate Transaction are not materially less favorable to the Parent Borrower or such Restricted Subsidiary, as the case may be, than those that could be obtained at the time in a transaction with a Person who is not such an Affiliate and (<u>ii</u>) if such Affiliate Transaction involves aggregate consideration in excess of the greater of $129,000,000 and 30.0% of Four Quarter Consolidated EBITDA, the terms of such Affiliate Transaction have been approved by a majority of the Board of Directors. For purposes of this <u>Subsection 8.5(a)</u>, any Affiliate Transaction shall be deemed to have satisfied the requirements set forth in this <u>Subsection 8.5(a)</u> if (<u>x</u>) such Affiliate Transaction is approved by a majority of the Disinterested Directors or (<u>y</u>) in the event there are no Disinterested Directors, a fairness opinion is provided by a nationally recognized appraisal or investment banking firm with respect to such Affiliate Transaction.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The provisions of <u>Subsection 8.5(a)</u> will not apply to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) any Restricted Payment Transaction,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) (<u>1</u>) the entering into, maintaining or performance of any employment or consulting contract, collective bargaining agreement, benefit plan, program or arrangement, related trust agreement or any other similar arrangement for or with any current or former management member, employee, officer or director or consultant of or to the Parent Borrower or any Restricted Subsidiary heretofore or hereafter entered into in the ordinary course of business, including vacation, health, insurance, deferred compensation, severance, retirement, savings or other similar plans, programs or arrangements, (<u>2</u>) payments, compensation, performance of indemnification or contribution obligations, or the making or cancellation of loans in the ordinary course of business to any such management members, employees, officers, directors or consultants, (<u>3</u>) any issuance, grant or award of stock, options, other equity related interests or other securities, to any such management members, employees, officers, directors or consultants, (<u>4</u>) the payment of reasonable fees to directors of the Parent Borrower or any of its Subsidiaries (as determined in good faith by the Borrower Representative or such Subsidiary, which determination shall be conclusive) or (<u>5</u>) Management Advances and payments in respect thereof (or in reimbursement of any expenses referred to in the definition of such term),

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) any transaction between or among any of the Parent Borrower, one or more Restricted Subsidiaries, or one or more Special Purpose Entities,

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) any transaction arising out of agreements or instruments in existence on the Closing Date and set forth on <u>Schedule 8.5</u> (other than any Transaction Agreement referred to in <u>Subsection 8.5(b)(vii)</u>), or any amendment, supplement, waiver or other modification thereto (so long as such amendment, supplement, waiver or other modification is not disadvantageous in any material respect in the good faith judgment of the Borrower Representative, whose determination shall be conclusive, to the Lenders when taken as a whole as compared to the applicable agreement or instrument as in effect on the Closing Date), and any payments made pursuant thereto,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) any transaction in the ordinary course of business on terms that are fair to the Parent Borrower and its Restricted Subsidiaries in the reasonable determination of the Board of Directors or senior management of the Borrower Representative, or are not materially less favorable to the Parent Borrower or the relevant Restricted Subsidiary than those that could be obtained at the time in a transaction with a Person who is not an Affiliate of the Parent Borrower,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) any transaction in the ordinary course of business, or approved by a majority of the Board of Directors, between the Parent Borrower or any Restricted Subsidiary and any Affiliate of the Parent Borrower controlled by the Parent Borrower that is a joint venture or similar entity,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) the execution, delivery and performance of any obligations under any Transaction Agreement (<u>x</u>) for any management, consulting or advisory services as may be approved by a majority of the Disinterested Directors, (<u>y</u>) in connection with any acquisition, disposition, merger, recapitalization or similar transactions, which payments are made pursuant to the Transaction Agreements or are approved by a majority of the Board of Directors in good faith, which determination shall be conclusive, and (<u>z</u>) of all out-of-pocket expenses incurred in connection with such services or activities,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii) the Transactions, all transactions in connection therewith (including but not limited to the financing thereof), and all fees and expenses paid or payable in connection with the Transactions,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ix) any issuance or sale of Capital Stock (other than Disqualified Stock) of the Parent Borrower or Junior Capital or any capital contribution to the Parent Borrower,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(x) (<u>i</u>) any investment by any Investor in securities or loans of the Parent Borrower or any of its Restricted Subsidiaries so long as such investments are being offered by the Parent Borrower or the applicable Restricted Subsidiary generally to investors (other than Investors) on the same or more favorable terms and (<u>ii</u>) payments to any Investor in respect of securities or loans of the Parent Borrower or its applicable Restricted Subsidiary contemplated in the foregoing subclause (i) or that were acquired from Persons other than the Parent Borrower and its Restricted Subsidiaries, in each case, in accordance with the terms of such securities or loans, and

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xi) the pledge of Capital Stock, Indebtedness or other securities of any Unrestricted Subsidiary or joint venture to lenders to support the Indebtedness or other obligations of such Unrestricted Subsidiary or joint venture, respectively, owed to such lenders.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.6 <u>Limitation on Liens</u>. The Parent Borrower shall not, and shall not permit any Restricted Subsidiary to, directly or indirectly, create or permit to exist any Lien (other than Permitted Liens) on any of its property or assets (including Capital Stock of any other Person), whether owned on the Closing Date or thereafter acquired, securing any Indebtedness (the "<u>Initial Lien</u>") unless, in the case of Initial Liens on any asset or property other than Collateral, the Senior Secured Facilities Obligations are equally and ratably secured with (or on a senior basis to, in the case such Initial Lien secures any Junior Debt) the obligations secured by such Initial Lien for so long as such obligations are so secured. Any such Lien created in favor of the Senior Secured Facilities Obligations pursuant to the preceding sentence requiring an equal and ratable (or senior, as applicable) Lien for the benefit of the Senior Secured Facilities Obligations will be automatically and unconditionally released and discharged upon (<u>i</u>) the release and discharge of the Initial Lien to which it relates, (<u>ii</u>) in the case of any such Lien in favor of any Subsidiary Guaranty, the termination and discharge of such Subsidiary Guaranty in accordance with the terms thereof, hereof and of the Intercreditor Agreement and any Other Intercreditor Agreement, in each case, to the extent applicable, or (<u>iii</u>) any sale, exchange or transfer (other than a transfer constituting a transfer of all or substantially all of the assets of the Parent Borrower that is governed by the provisions of <u>Subsection 8.7</u>) to any Person not an Affiliate of the Parent Borrower of the property or assets secured by such Initial Lien, or of all of the Capital Stock held by the Parent Borrower or any Restricted Subsidiary in, or all or substantially all the assets of, any Restricted Subsidiary creating such Initial Lien.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.7 <u>Limitation on Fundamental Changes</u>. (a) The Parent Borrower will not consolidate with or merge with or into, or convey, lease or otherwise transfer all or substantially all its assets to, any Person (including pursuant to a Division), unless:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the resulting, surviving or transferee Person (the "<u>Successor Borrower</u>") will be a Person organized and existing under the laws of the United States of America, any State thereof or the District of Columbia and the Successor Borrower (if not the Parent Borrower) will expressly assume all the obligations of the Parent Borrower under this Agreement and the Loan Documents to which it is a party by executing and delivering to the Administrative Agent a joinder or one or more other documents or instruments in form reasonably satisfactory to the Administrative Agent;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) immediately after giving effect to such transaction (and treating any Indebtedness that becomes an obligation of the Successor Borrower or any Restricted Subsidiary as a result of such transaction as having been Incurred by the Successor Borrower or such Restricted Subsidiary at the time of such transaction), no Default will have occurred and be continuing;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) immediately after giving effect to such transaction, either (<u>A</u>) the Parent Borrower (or, if applicable, the Successor Borrower with respect thereto) could Incur at least $1.00 of additional Indebtedness pursuant to <u>Subsection 8.1(a)</u> or <u>Subsection 8.1(b)(xvii)</u>, (<u>B</u>) the Consolidated Coverage Ratio of the Parent Borrower (or, if applicable, the Successor Borrower with respect thereto) would equal or exceed the Consolidated Coverage Ratio of the Parent Borrower immediately prior to giving effect to such transaction or (<u>C</u>) the Consolidated Total Leverage Ratio of the Parent Borrower (or, if applicable, the Successor Borrower with respect thereto) would equal or be less than the Consolidated Total Leverage Ratio of the Parent Borrower immediately prior to giving effect to such transaction;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) each Subsidiary Guarantor (other than (<u>x</u>) any Subsidiary Guarantor that will be released from its obligations under its Subsidiary Guaranty in connection with such transaction and (<u>y</u>) any party to any such consolidation or merger) shall have delivered a joinder or other document or instrument in form reasonably satisfactory to the Administrative Agent, confirming its Subsidiary Guaranty (other than any Subsidiary Guaranty that will be discharged or terminated in connection with such transaction);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) each Subsidiary Guarantor (other than (x) any Subsidiary that will be released from its grant or pledge of Collateral under the Guarantee and Collateral Agreement or any applicable Foreign Security Documents in connection with such transaction and (y) any party to any such consolidation or merger) shall have by a supplement to the Guarantee and Collateral Agreement, any applicable Foreign Security Documents or another document or instrument affirmed that its obligations thereunder shall apply to its Guarantee as reaffirmed pursuant to clause (iv) above;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) each mortgagor of a Mortgaged Fee Property (other than (x) any Subsidiary that will be released from its grant or pledge of Collateral under the Guarantee and Collateral Agreement or any applicable Foreign Security Documents in connection with such transaction and (y) any party to any such consolidation or merger) shall have affirmed that its obligations under the applicable Mortgage shall apply to its Guarantee as reaffirmed pursuant to clause (iv) above; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) the Borrower Representative will have delivered to the Administrative Agent a certificate signed by a Responsible Officer and a legal opinion, each to the effect that such consolidation, merger or transfer complies with the provisions described in this Subsection 8.7(a); provided that (x) in giving such opinion such counsel may rely on such certificate of a Responsible Officer as to compliance with the foregoing clauses (ii) and (iii) of this Subsection 8.7(a) and as to any matters of fact, and (y) no such legal opinion will be required for a consolidation, merger or transfer described in Subsection 8.7(d).

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Any Indebtedness that becomes an obligation of the Parent Borrower (or, if applicable, any Successor Borrower with respect thereto) or any Restricted Subsidiary (or that is deemed to be Incurred by any Restricted Subsidiary that becomes a Restricted Subsidiary) as a result of any such transaction undertaken in compliance with this <u>Subsection 8.7</u>, and any Refinancing Indebtedness with respect thereto, shall be deemed to have been Incurred in compliance with <u>Subsection 8.1</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Upon any transaction involving the Parent Borrower in accordance with <u>Subsection 8.7(a)</u> in which the Parent Borrower is not the Successor Borrower, the Successor Borrower will succeed to, and be substituted for, and may exercise every right and power of, the Parent Borrower under the Loan Documents, and shall become the "Parent Borrower" for all purposes of the Loan Documents, and thereafter the predecessor Parent Borrower shall be relieved of all obligations and covenants under the Loan Documents, and shall cease to constitute the "Parent Borrower" for all purposes of the Loan Documents, except that the predecessor Parent Borrower in the case of a lease of all or substantially all its assets will not be released from the obligation to pay the principal of and interest on the Term Loans.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Clauses (ii) and (iii) of <u>Subsection 8.7(a)</u> will not apply to any transaction in which (<u>I</u>) the Parent Borrower consolidates or merges with or into or transfers all or substantially all its properties and assets to (<u>x</u>) an Affiliate incorporated or organized for the purpose of reincorporating or reorganizing the Parent Borrower in another jurisdiction or changing its legal structure to a corporation, limited liability company, partnership or other entity or (<u>y</u>) a Restricted Subsidiary of the Parent Borrower so long as all assets of the Parent Borrower and the Restricted Subsidiaries immediately prior to such transaction (other than Capital Stock of such Restricted Subsidiary) are owned by such Restricted Subsidiary and its Restricted Subsidiaries immediately after the consummation thereof or (<u>II</u>) an Escrow Subsidiary merges with and into a Borrower. <u>Subsection 8.7(a)</u> will not apply to (<u>i</u>) any transaction in which any Restricted Subsidiary consolidates with, merges into or transfers all or part of its assets to the Parent Borrower or (<u>ii</u>) the Transactions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.8 <u>Change of Control; Limitation on Amendments</u>. The Parent Borrower shall not and shall not permit any of its Restricted Subsidiaries to, directly or indirectly:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) In the event of the occurrence of a Change of Control, repurchase or repay any Indebtedness then outstanding pursuant to any Junior Debt or any portion thereof, unless the Borrowers shall have, at their option, (<u>i</u>) made payment in full of the Loans (and shall have terminated the Revolving Commitments) and any other amounts then due and owing to any Lender or the Administrative Agent hereunder and under any Note or (<u>ii</u>) made an offer (a "<u>Change of Control Offer</u>") to pay the Term Loans and the Revolving Loans (and to terminate the related Revolving Commitments and cancel, backstop or cash collateralize on terms satisfactory to each Issuing Bank any Letters of Credit issued by it) and any amounts then due and owing to each Lender and the Administrative Agent hereunder and under any Note and

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shall have made payment in full thereof to (and terminated any related applicable commitment of) each such Lender or the Administrative Agent which has accepted such offer (and to the extent the Outstanding Amount of Revolving Loans and all L/C-B/A Obligations would exceed the remaining Revolving Commitments (such excess amount, the "<u>Overdrawn Amount</u>"), provide to the Administrative Agent for the benefit of the applicable Issuing Bank cash collateral in an amount equal to 101% of such Overdrawn Amount). Upon the Borrowers making payment in full of the Loans and terminating the Revolving Commitments as provided in clause (i) of this <u>Subsection 8.8(a)</u>, or making a Change of Control Offer in accordance with clause (ii) of this <u>Subsection 8.8(a)</u> (whether or not in connection with any repayment or repurchase of Indebtedness outstanding pursuant to Junior Debt), any Event of Default arising under <u>Subsection</u> <u>9.1(k)</u> by reason of such Change of Control shall be deemed not to have occurred or be continuing.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) (<u>1</u>) [Reserved] and (<u>2</u>) if an Event of Default under <u>Subsection 9.1(a)</u> or <u>(f)</u> is continuing, amend, supplement, waive or otherwise modify any of the provisions of any indenture, instrument or agreement evidencing Subordinated Obligations or Guarantor Subordinated Obligations in a manner that (<u>i</u>) changes the subordination provisions of such Indebtedness in a manner that is materially adverse to the Lenders or (<u>ii</u>) shortens the maturity date of such Indebtedness to a date prior to the Initial Term Loan Maturity Date or provides for a shorter weighted average life to maturity than the remaining weighted average life to maturity of the Initial Term Loans; <u>provided</u> that, notwithstanding the foregoing, the provisions of this <u>Subsection 8.8(b)</u> shall not restrict or prohibit any refinancing of Indebtedness (in whole or in part) permitted pursuant to <u>Subsection 8.1</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Amend, supplement, waive or otherwise modify the terms of any Permitted Debt Exchange Notes, any Additional Obligations incurred pursuant to <u>Subsection 8.1(b)(i)</u> or any Refinancing Indebtedness in respect of the foregoing or any indenture or agreement pursuant to which such Permitted Debt Exchange Notes, Additional Obligations or Refinancing Indebtedness have been issued or incurred in any manner inconsistent with the requirements of the definition of "Refinancing Indebtedness", assuming for purposes of this <u>Subsection 8.8(c)</u> that such amendment, supplement, waiver or modification, *mutatis mutandis*, is a refinancing of such Additional Obligations, Permitted Debt Exchange Notes or Refinancing Indebtedness, as applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.9 <u>Limitation on Lines of Business</u>. The Parent Borrower shall not, and shall not permit any of its Restricted Subsidiaries to, directly or indirectly, enter into any business, either directly or through any Restricted Subsidiary, except for those businesses of the same general type as those in which the Parent Borrower and its Restricted Subsidiaries are engaged in on the Closing Date or which are reasonably related thereto and any business related thereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.10 <u>Sale-Leaseback Transactions</u>. The Parent Borrower shall not, and shall not permit any of its Restricted Subsidiaries to, directly or indirectly, enter into any arrangements with any Person whereby such Person shall sell or transfer (or request another Person to purchase) any property, real, personal or mixed, used or useful in its business, whether now owned or hereafter acquired, and

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thereafter rent or lease such property from any Person; provided however, that (a) the Loan Parties may enter into sale-leaseback transactions (<u>x</u>) with respect to sale-leaseback transaction among their Affiliates, the capitalized amount of any Indebtedness in respect of which is permitted to be incurred pursuant to <u>Subsection 8.1(b)(iv)</u>, and (y) otherwise, if (<u>I</u>) after giving effect on a pro forma basis to any such transaction the Borrowers shall be in compliance with all other provisions of this Agreement, including <u>Subsections 8.1</u> and <u>8.6</u> and (<u>II</u>) the gross cash proceeds of any such transaction are at least equal to the fair market value of such property (as determined in good faith by the Loan Parties) and (b) the continuation of existing sale-leaseback transactions in effect on the Closing Date shall be permitted and the Loan Parties may enter into renewals, extensions, amendments, replacement or substitutions thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.11 <u>Financial Covenant</u>. Commencing with the fiscal quarter ending June 30, 2026, if the outstanding amount of Revolving Loans and drawings under Letters of Credit and Bankers' Acceptances which have not then been reimbursed as of the end of any fiscal quarter of the Parent Borrower exceeds 30.0% of the aggregate amount of all Revolving Commitments (the "<u>Financial Covenant Test Condition</u>"), the Parent Borrower shall not permit the Consolidated First Lien Leverage Ratio for the Most Recent Four Quarter Period ending as of the end of such fiscal quarter to exceed (<u>w</u>) for any such fiscal quarter ending before the first anniversary of the Closing Date, 7.75:1.00, (<u>x</u>) for any such fiscal quarter ending on or after the first anniversary of the Closing Date and before the second anniversary of the Closing Date, 7.25:1.00, (<u>y</u>) for any such fiscal quarter ending on or after the second anniversary of the Closing Date and before the third anniversary of the Closing Date, 6.75:1.00 and (<u>z</u>) for any such fiscal quarter ending on or after the third anniversary of the Closing Date, 6.25:1.00.

SECTION 9

<u>Events of Default</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.1 <u>Events of Default</u>. Any of the following from and after the Closing Date shall constitute an event of default:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Borrowers shall fail to pay (<u>i</u>) any principal of any Loan when due in accordance with the terms hereof (whether at stated maturity, by mandatory prepayment or otherwise); (<u>ii</u>) any interest on any Loan or on any L/C-B/A Obligation, or any fee payable hereunder, within three (3) Business Days after any such interest or fee becomes due in accordance with the terms hereof; or (<u>iii</u>) any other amount payable hereunder, within five (5) Business Days after such other amount becomes due in accordance with the terms hereof; <u>provided</u> that any non-payment of principal, interest, fees or other amounts resulting from the Borrowers' good faith payment of an invoice received from the Administrative Agent shall not constitute an Event of Default; or

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Any representation or warranty made or deemed made by any Loan Party herein or in any other Loan Document (or in any amendment, modification or supplement hereto or thereto) or which is contained in any certificate furnished at any time by or on behalf of any Loan Party pursuant to this Agreement or any such other Loan Document shall prove to have been incorrect in any material respect on or as of the date made or deemed made, and for the failure of any representation or warranty that is capable of being cured (as determined in good faith by the Borrower Representative, which determination shall be conclusive), such default shall continue unremedied for a period of thirty (30) days after the earlier of (<u>A</u>) the date on which a Responsible Officer of the Borrower Representative becomes aware of such failure and (<u>B</u>) the date on which written notice thereof shall have been given to the Borrower Representative by the Administrative Agent or the Required Lenders; <u>provided</u> that the failure of any representation or warranty (other than the representations and warranties referenced in <u>Subsection 6.1(q)(ii)</u> and the representation contained in the Officer's Certificate delivered pursuant to <u>Subsection 6.1(g)</u> with respect to the satisfaction of the condition set forth in <u>Subsection 6.1(q)(i)</u>) to be true and correct on the Closing Date will not constitute an Event of Default hereunder or under any other Loan Document, including for the purposes of exercising any remedy under <u>Subsection 9.2</u> of this Agreement or for the purpose of determining any right to exercise enforcement rights under any Loan Document; <u>provided</u>, <u>further</u>, that, in the case of any Event of Default resulting from a failure of any representation or warranty with respect to the financial covenant contained in <u>Subsection</u> <u>8.11</u>, including with respect to the calculation thereof contained in any Compliance Certificate (a "<u>Financial Covenant Representation Event of Default</u>"), such default shall not constitute a default with respect to any Term Loans unless and until the Revolving Loans have been declared due and payable and the Revolving Commitments have been terminated by the Required Revolving Lenders pursuant to <u>Subsection</u> <u>9.2</u> and such acceleration or termination has not been rescinded; <u>provided</u> <u>however</u> that if (<u>x</u>) Required Revolving Lenders irrevocably rescind such acceleration and termination in a writing delivered to the Administrative Agent within twenty-one (21) Business Days after such acceleration and termination and (<u>y</u>) Required Lenders (including the Term Loan Lenders) have not accelerated the Loans, the Financial Covenant Representation Event of Default shall automatically cease to constitute an Event of Default with respect to the Term Loans from and after such date; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Any Loan Party shall default in the payment, observance or performance of any term, covenant or agreement contained in <u>Section</u> <u>8</u>; <u>provided</u> that, in the case of any Event of Default under <u>Subsection 8.11</u> (a "<u>Financial Covenant Event of Default</u>"), such default shall not constitute a default with respect to any Term Loans unless and until the Revolving Loans have been declared due and payable and the Revolving Commitments have been terminated by the Required Revolving Lenders pursuant to <u>Subsection 9.2</u> and such acceleration or termination has not been rescinded; <u>provided</u> however that if (<u>x</u>) Required Revolving Lenders irrevocably rescind such acceleration and termination in a writing delivered to the Administrative Agent within twenty-one (21) Business Days after such acceleration and termination and (<u>y</u>) Required Lenders (including the Term Loan Lenders) have not accelerated the Loans, the Financial Covenant Event of Default shall automatically cease to constitute an Event of Default with respect to the Term Loans from and after such date; or

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Any Loan Party shall default in the observance or performance of any other agreement contained in this Agreement or any other Loan Document (other than as provided in clauses (a) through (c) of this <u>Subsection 9.1</u>), and such default shall continue unremedied for a period of, in the case of a default with respect to failure to deliver financial statements under <u>Subsection 7.1</u> or related certificates under <u>Subsection 7.2</u>, ninety (90) days, and in the case of any other default, thirty (30) days, in each case after the earlier of (<u>A</u>) the date on which a Responsible Officer of the Borrower Representative becomes aware of such failure and (<u>B</u>) the date on which written notice thereof shall have been given to the Borrower Representative by the Administrative Agent or the Required Lenders; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) Any Loan Party or any of its Restricted Subsidiaries shall (<u>i</u>) default in (<u>x</u>) any payment of principal of or interest on any Indebtedness (excluding (<u>1</u>) Indebtedness hereunder, (<u>2</u>) any Indebtedness owed to the Parent Borrower or any other Loan Party and (<u>3</u>) any Indebtedness in relation to which the relevant Loan Party or any of its Restricted Subsidiaries is contesting such default in good faith) in excess of the greater of $86,000,000 and 20.0% of Four Quarter Consolidated EBITDA or (<u>y</u>) in the payment of any Guarantee Obligation in respect of Indebtedness in excess of the greater of $86,000,000 and 20.0% of Four Quarter Consolidated EBITDA, in each case, beyond the period of grace, if any, provided in the instrument or agreement under which such Indebtedness or Guarantee Obligation was created; (<u>ii</u>) default in the observance or performance of any other agreement or condition relating to any Indebtedness (excluding (<u>1</u>) Indebtedness hereunder, (<u>2</u>) any Indebtedness owed to the Parent Borrower or any other Loan Party and (<u>3</u>) any Indebtedness in relation to which the relevant Loan Party or any of its Restricted Subsidiaries is contesting such default in good faith) or Guarantee Obligation referred to in clause (i) above or contained in any instrument or agreement evidencing, securing or relating thereto (other than a failure to provide notice of a default or an event of default under such instrument or agreement or default in the observance of or compliance with any financial maintenance covenant or any representation or warranty related to such financial maintenance covenant), or any other event shall occur or condition exist, the effect of which default or other event or condition is to cause, or to permit the holder or holders of such Indebtedness or beneficiary or beneficiaries of such Guarantee Obligation (or a trustee or agent on behalf of such holder or holders or beneficiary or beneficiaries) to cause, with the giving of notice or lapse of time if required, such Indebtedness to become due prior to its stated maturity or such Guarantee Obligation to become payable (an "<u>Acceleration</u>"; and the term "<u>Accelerated</u>" shall have a correlative meaning), and such time shall have lapsed and, if any notice (a "<u>Default Notice</u>") shall be required to commence a grace period or declare the occurrence of an event of default before notice of Acceleration may be delivered, such Default Notice shall have been given and (in the case of the preceding clause (i) or (ii)) such default, event or condition shall not have been remedied or waived by or on behalf of the holder or holders of such Indebtedness or Guarantee Obligation (<u>provided</u> that the preceding clause (ii) shall not apply to (<u>x</u>) secured Indebtedness that becomes due as a result of the voluntary sale or transfer of the property or assets securing such Indebtedness, if such sale or transfer is permitted hereunder or (<u>y</u>) any termination event or similar event pursuant to the terms of any Hedge Agreement); or (<u>iii</u>) in the case of any Indebtedness (excluding (<u>1</u>) Indebtedness hereunder, (<u>2</u>) any Indebtedness owed to the Parent Borrower or any other Loan Party and (<u>3</u>) any Indebtedness in relation to which the relevant Loan Party or any of its Restricted Subsidiaries is contesting such default in good faith) or Guarantee Obligations referred to in

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clause (i) above containing or otherwise requiring observance or compliance with any financial maintenance covenant, default in the observance of or compliance with such financial maintenance covenant or any representation or warranty related to such financial maintenance covenant such that such Indebtedness or Guarantee Obligation shall have been Accelerated and such Acceleration shall not have been rescinded; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) If (<u>i</u>) any Borrower or any Material Subsidiary of the Parent Borrower shall commence any case, proceeding or other action (<u>A</u>) under any existing or future law of any jurisdiction, domestic or foreign, relating to bankruptcy, insolvency, reorganization or relief of debtors, seeking to have an order for relief entered with respect to it, or seeking to adjudicate it a bankrupt or insolvent, or seeking reorganization, arrangement, adjustment, winding-up, liquidation, dissolution, composition or other relief with respect to it or its debts (excluding, in each case, the solvent liquidation or reorganization of any Foreign Subsidiary of the Parent Borrower that is not a Loan Party), or (<u>B</u>) seeking appointment of a receiver, interim receiver, receivers, receiver and manager, trustee, custodian, conservator or other similar official for it or for all or any substantial part of its assets, or any Borrower or any Material Subsidiary of the Parent Borrower shall make a general assignment for the benefit of its creditors; or (<u>ii</u>) there shall be commenced against any Borrower or any Material Subsidiary of the Parent Borrower any case, proceeding or other action of a nature referred to in clause (i) above which (<u>A</u>) results in the entry of an order for relief or any such adjudication or appointment or (<u>B</u>) remains undismissed, undischarged, unstayed or unbonded for a period of sixty (60) days; or (<u>iii</u>) there shall be commenced against any Borrower or any Material Subsidiary of the Parent Borrower any case, proceeding or other action seeking issuance of a warrant of attachment, execution, distraint or similar process against all or any substantial part of its assets which results in the entry of an order for any such relief which shall not have been vacated, discharged, stayed or bonded pending appeal within sixty (60) days from the entry thereof; or (<u>iv</u>) any Borrower or any Material Subsidiary of the Parent Borrower shall take any corporate or other similar organizational action in furtherance of, or indicating its consent to, approval of, or acquiescence in, any of the acts set forth in clause (i), (ii), or (iii) above; or (<u>v</u>) any Borrower or any Material Subsidiary of the Parent Borrower shall be generally unable to, or shall admit in writing its general inability to, pay its debts as they become due; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) (<u>i</u>) Any Person shall engage in any "prohibited transaction" (as defined in Section 406 of ERISA or Section 4975 of the Code) involving any Plan, (<u>ii</u>) any failure to satisfy the minimum funding standard (within the meaning of Section 412 of the Code or Section 302 of ERISA), whether or not waived, shall exist with respect to any Plan or any Lien in favor of the PBGC or a Plan shall arise on the assets of either of the Parent Borrower or any Commonly Controlled Entity, (<u>iii</u>) a Reportable Event shall occur with respect to, or proceedings shall commence to have a trustee appointed, or a trustee shall be appointed, to administer or to terminate, any Single Employer Plan, which Reportable Event or commencement of proceedings or appointment of a trustee is in the reasonable opinion of the Administrative Agent likely to result in the termination of such Plan for purposes of Title IV of ERISA, (<u>iv</u>) any Single Employer Plan shall terminate for purposes of Title IV of ERISA other than a standard termination pursuant to Section 4041(b) of ERISA, (<u>v</u>) either of the Parent

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Borrower or any Commonly Controlled Entity shall, or in the reasonable opinion of the Administrative Agent is reasonably likely to, incur any liability in connection with a withdrawal from, or the Insolvency of, a Multiemployer Plan, or (<u>vi</u>) any other event or condition shall occur or exist with respect to a Plan; and in each case in clauses (i) through (vi) above, such event or condition, together with all other such events or conditions, if any, would be reasonably expected to result in a Material Adverse Effect; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) One or more judgments or decrees shall be entered against the Parent Borrower or any of its Restricted Subsidiaries involving in the aggregate at any time a liability (net of any insurance or indemnity payments actually received in respect thereof prior to or within ninety (90) days from the entry thereof, or to be received in respect thereof in the event of any appeal thereof shall be unsuccessful, or that the Parent Borrower has determined there exists reasonable evidence that such amount will be reimbursed by the insurer or indemnifying party and such amount is not denied by the applicable insurer or indemnifying party in writing within one hundred eighty (180) days and is reimbursed within three hundred sixty-five (365) days of the date of such evidence) in excess of the greater of $86,000,000 and 20.0% of Four Quarter Consolidated EBITDA or more, and all such judgments or decrees shall not have been vacated, discharged, satisfied, stayed or bonded pending appeal within ninety (90) days from the entry thereof; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) Any Loan Party shall assert in writing that the Intercreditor Agreement (after execution and delivery thereof) or any Other Intercreditor Agreement (after execution and delivery thereof) shall have ceased for any reason to be in full force and effect (other than pursuant to the terms hereof or thereof) or shall knowingly contest, or knowingly support any other Person in any action that seeks to contest, the validity or effectiveness of any such intercreditor agreement (other than pursuant to the terms hereof or thereof); or

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) Subject to the Borrowers' option to make a payment in full of all of the Loans and to terminate the Revolving Commitments, or to make a Change of Control Offer, each in accordance with <u>Subsection 8.8(a)</u> (whether or not in connection with any repayment or repurchase of Indebtedness outstanding pursuant to any Junior Debt), a Change of Control shall have occurred.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.2 <u>Remedies Upon an Event of Default</u>. (a) If any Event of Default occurs and is continuing, then, and in any such event, (<u>A</u>) if such event is an Event of Default specified in clause (i) or (ii) of <u>Subsection 9.1(f)</u> with respect to any Borrower, automatically the Commitments, if any, shall immediately terminate and the Loans hereunder (with accrued interest thereon) and all other amounts owing under this Agreement (including all amounts of L/C-B/A Obligations, whether or not the beneficiaries of the then outstanding Letters of Credit and Bankers' Acceptances shall have presented the documents required thereunder (unless cash collateralized or otherwise provided for in a manner reasonably satisfactory to the applicable Issuing Bank)) shall immediately become due and payable, and (<u>B</u>) if such event is any other Event of Default, with the consent of the Required Lenders (or, if a Financial Covenant Representation Event of Default or a Financial Covenant Event of Default occurs and is continuing, at the request of, or with the consent of the Required Revolving Lenders only, and without limiting <u>Subsection 9.1(c)</u>, only with respect to the Revolving Loans, Revolving Commitments, Swing Line Commitments, Swing Line Loans, any Letter of Credit or Bankers' Acceptance and L/C-B/A Obligations), the Administrative Agent may, or upon the request of the Required Lenders or the Required Revolving Lenders, as the case may be, the Administrative Agent shall, by notice to the Borrower Representative, declare the Commitments to be terminated forthwith, whereupon the Commitments, if any, shall immediately terminate, and/or declare the Loans hereunder (with accrued interest thereon) and all other amounts owing under this Agreement to be due and payable forthwith, whereupon the same shall immediately become due and payable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Except as expressly provided above in this <u>Section</u> <u>9</u>, to the maximum extent permitted by applicable law, presentment, demand, protest and all other notices of any kind are hereby expressly waived.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Notwithstanding anything to the contrary, neither the Administrative Agent nor any Lender may deliver notice of, or otherwise consent, take action or direct or require the Administrative Agent or any Lender to undertake any action in respect of, any Default or Event of Default with respect to any action taken, and reported publicly pursuant to a press release, a filing with the SEC or a posting to the Platform or otherwise reported to Lenders, more than two years prior to such notice of, consent, action or direction or requirement to undertake action in respect of, Default or Event of Default, and such notice, consent, action or direction or requirement to undertake action shall be invalid and have no effect.

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SECTION 10

<u>The Agents and the Other Representatives</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.1 <u>Appointment</u>. (a) Each Lender hereby irrevocably designates and appoints the Agents as the agents of such Lender under this Agreement and the other Loan Documents, and each such Lender irrevocably authorizes each Agent, in such capacity, to take such action on its behalf under the provisions of this Agreement and the other Loan Documents and to exercise such powers and perform such duties as are expressly delegated to or required of such Agent by the terms of this Agreement and the other Loan Documents, together with such other powers as are reasonably incidental thereto. Notwithstanding any provision to the contrary elsewhere in this Agreement, the Agents and the Other Representatives shall not have any duties or responsibilities, except, in the case of the Administrative Agent and the Collateral Agent, those expressly set forth herein, or any fiduciary relationship with any Lender, and no implied covenants, functions, responsibilities, duties, obligations or liabilities shall be read into this Agreement or any other Loan Document or otherwise exist against any Agent or the Other Representatives.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Each of the Agents may perform any of their respective duties under this Agreement, the other Loan Documents and any other instruments and agreements referred to herein or therein by or through its respective officers, directors, agents, employees or affiliates, or delegate any and all such rights and powers to, any one or more sub-agents appointed by such Agent (it being understood and agreed, for avoidance of doubt and without limiting the generality of the foregoing, that the Administrative Agent and the Collateral Agent may perform any of their respective duties under the Security Documents by or through one or more of their respective affiliates). Each 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 <u>Section</u> <u>10</u> shall apply to any such sub-agent and to the Related Parties of each Agent and any such sub-agent, and shall apply to their respective activities in connection with the syndication of the credit facilities provided for herein as well as activities as Agent.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Except for <u>Subsections 10.5</u>, <u>10.8(a)</u>, <u>(b)</u>, <u>(c)</u>, <u>(e)</u> and <u>(g)</u> (to the extent of the Borrowers' rights thereunder and the conditions included therein), <u>10.9</u> and <u>10.15</u>, the provisions of this <u>Section</u> <u>10</u> are solely for the benefit of the Agents and the Lenders, and neither the Parent Borrower nor any other Loan Party shall have rights as a third party beneficiary of any of such provisions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.2 <u>The Administrative Agent and Affiliates</u>. Each person serving as an 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 an Agent and the term "<u>Lender</u>" or "<u>Lenders</u>" shall, unless otherwise expressly indicated or unless the context otherwise requires, include each person serving as an Agent hereunder in its individual capacity. Such person and its affiliates may accept deposits from, lend money to, act as the financial advisor or in any other advisory capacity for and generally engage in any kind of business with the Parent Borrower or any Subsidiary or other Affiliate thereof as if such person were not an Agent hereunder and without any duty to account therefor to the Lenders.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.3 <u>Action by an Agent</u>. In performing its functions and duties under this Agreement, (<u>a</u>) each Agent shall act solely as an agent for the Lenders and, as applicable, the other Secured Parties, and (<u>b</u>) no Agent assumes any (and shall not be deemed to have assumed any) relationship of agency or trust with or for the Parent Borrower or any of its Subsidiaries. Each Agent may execute any of its duties under this Agreement and the other Loan Documents by or through agents or attorneys-in-fact (including the Collateral Agent in the case of the Administrative Agent), and shall be entitled to advice of counsel concerning all matters pertaining to such duties. No Agent shall be responsible for the negligence or misconduct of any agents or attorneys-in-fact or counsel selected by it with reasonable care.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.4 <u>Exculpatory Provisions</u>. (a) No Agent shall have any duties or obligations except those expressly set forth herein and in the other Loan Documents. Without limiting the generality of the foregoing, no Agent:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) shall be subject to any fiduciary or other implied duties, regardless of whether a Default has occurred and is continuing;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) shall have any duty to take any discretionary action or exercise any discretionary powers, except discretionary rights and powers expressly contemplated hereby or by the other Loan Documents that such Agent is required to exercise as directed in writing by the Required Lenders (or such other number or percentage of the Lenders as shall be expressly provided for herein or in the other Loan Documents); <u>provided</u> that such Agent shall not be required to take any action that, in its judgment or the judgment of its counsel, may expose such Agent to liability or that is contrary to any Loan Document or applicable Requirement of Law; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) shall, except as expressly set forth herein and in the other Loan Documents, have any duty to disclose, and shall not be liable for the failure to disclose, any information relating to the Parent Borrower or any of its Affiliates that is communicated to or obtained by the person serving as such Agent or any of its affiliates in any capacity.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) No Agent shall be liable for any action taken or not taken by it (<u>x</u>) with the consent or at the request of the Required Lenders (or such other number or percentage of the Lenders as shall be necessary, or as such Agent shall believe in good faith shall be necessary, under the circumstances as provided in <u>Subsection 9.2</u> or <u>Subsection 11.1</u>, as applicable) or (<u>y</u>) in the absence of its own bad faith, gross negligence or willful misconduct. No Agent shall be deemed to have knowledge of any Default unless and until written notice describing such Default is given to such Agent by any Borrower or a Lender.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) No Agent shall be responsible for or have any duty to ascertain or inquire into (<u>i</u>) any statement, warranty or representation made in or in connection with this Agreement or any other Loan Document, (<u>ii</u>) the contents of any certificate, report, statement, agreement or other document delivered hereunder or thereunder or in connection herewith or therewith, (<u>iii</u>) the performance or observance of any of the covenants, agreements or other terms or conditions set forth

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Each party to this Agreement acknowledges and agrees that the Administrative Agent may use an outside service provider for the tracking of all UCC financing statements required to be filed pursuant to the Loan Documents and notification to the Administrative Agent, of, among other things, the upcoming lapse or expiration thereof, and that any such service provider will be deemed to be acting at the request and on behalf of the Parent Borrower and the other Loan Parties. No Agent shall be liable for any action taken or not taken by any such service provider.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) It is understood and agreed by the Administrative Agent and each of the Lenders and the Issuing Banks that (i) the Administrative Agent may (but shall not be obligated to, unless otherwise expressly required by the terms of this Agreement) deliver calculations to the Parent Borrower or any other Loan Party from time to time of amounts under this Agreement, and that the Administrative Agent shall have no liability to the Lenders with respect thereto in the absence of its own bad faith, gross negligence or willful misconduct, (ii) if the Administrative Agent identifies or becomes aware of an update or revision to any calculation previously delivered, the Administrative Agent may (but shall not be obligated to, unless otherwise expressly required by the terms of this Agreement or directed by the Required Lenders) deliver an updated or revised calculation with respect to any amount due hereunder and (iii) for avoidance of doubt, if there is a dispute among the Administrative Agent and any Lender as to any amount due and owing hereunder, any calculation or any updated or revised calculation of the Administrative Agent shall control as between the Administrative Agent and such Lender absent manifest error.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.5 <u>Acknowledgement and Representations by Lenders</u>. Each Lender expressly acknowledges that none of the Agents or the Other Representatives nor any of their officers, directors, employees, agents, attorneys-in-fact or affiliates has made any representations or warranties to it and that no act by any Agent or any Other Representative hereafter taken, including any review of the affairs of the Parent Borrower or any other Loan Party, shall be deemed to constitute any representation or warranty by such Agent or such Other Representative to any Lender. Each Lender further represents and warrants to the Agents, the Other Representatives and each of the Loan Parties that it has had the opportunity to review the Projections and each other document made available to it on the Platform in connection with this Agreement and has acknowledged and accepted the terms and conditions applicable to the recipients thereof. Each Lender represents to the Agents, the Other Representatives and each of the Loan Parties that, independently and without reliance upon any Agent, the Other Representatives or any other Lender, and based on such documents and information as it has deemed

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appropriate, it has made and will make, its own appraisal of and investigation into the business, operations, property, financial and other condition and creditworthiness of the Parent Borrower and the other Loan Parties, it has made its own decision to make its Loans hereunder and enter into this Agreement and it will make its own decisions in taking or not taking any action under this Agreement and the other Loan Documents and, except as expressly provided in this Agreement, neither the Agents nor any Other Representative shall have any duty or responsibility, either initially or on a continuing basis, to provide any Lender or the holder of any Note with any credit or other information with respect thereto, whether coming into its possession before the making of the Loans or at any time or times thereafter. Each Lender (other than, in the case of clause (i) the Parent Borrower or any Unrestricted Subsidiary) represents to each other party hereto that (<u>i</u>) it is a bank, savings and loan association or other similar savings institution, insurance company, investment fund or company or other financial institution which makes or acquires commercial loans in the ordinary course of its business and that it is participating hereunder as a Lender for such commercial purposes and (<u>ii</u>) it has the knowledge and experience to be and is capable of evaluating the merits and risks of being a Lender hereunder. Each Lender acknowledges and agrees to comply with the provisions of <u>Subsection 11.6</u> applicable to the Lenders hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.6 <u>Indemnity; Reimbursement by Lenders</u>. (a) To the extent that the Parent Borrower or any other Loan Party for any reason fails to indefeasibly pay any amount required under <u>Subsection 11.5</u> to be paid by it (and without limiting their obligation to do so) to the Administrative Agent (or any sub-agent thereof), or the Collateral Agent (or any sub-agent thereof), the Swing Line Lender, the Issuing Banks or any Related Party of any of the foregoing, each Lender severally agrees to pay ratably according to their respective Term Credit Percentages or Revolving Commitment Percentages, as the case may be, on the date on which the applicable unreimbursed expense or indemnity payment is sought under this <u>Subsection 10.6</u> such unpaid amount (such indemnity shall be effective whether or not the related losses, claims, damages, liabilities and related expenses are incurred or asserted by any party hereto or any third party); <u>provided</u> that (<u>i</u>) the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent (or any such sub-agent) or the Collateral Agent (or any sub-agent thereof), the Swing Line Lender or the Issuing Banks in their capacity as such, or against any Related Party of any of the foregoing acting for the Administrative Agent (or any such sub-agent), the Collateral Agent (or any sub-agent thereof), the Swing Line Lender or the Issuing Banks in connection with such capacity and (<u>ii</u>) such indemnity for the Swing Line Lender or the Issuing Banks shall not include losses incurred by the Swing Line Lender or the Issuing Banks due to one or more Lenders defaulting in their obligations to purchase participations of Swing Line Exposure under <u>Subsections 2.7(d)</u> or <u>2.7(e)</u> or L/C-B/A Obligations under <u>Subsection 2.6(d)</u> (it being understood that this proviso shall not affect the Swing Line Lender's or any Issuing Bank's rights against any Defaulting Lender). The obligations of the Lenders under this <u>Subsection 10.6</u> are subject to the provisions of <u>Subsection 4.8</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Any Agent shall be fully justified in failing or refusing to take any action hereunder and under any other Loan Document (except actions expressly required to be taken by it hereunder or under the Loan Documents) unless it shall first be indemnified to its satisfaction by the Lenders pro rata against any and all liability, cost and expense that it may incur by reason of taking or continuing to take any such action.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) All amounts due under this <u>Subsection 10.6</u> shall be payable not later than three Business Days after demand therefor. The agreements in this <u>Subsection 10.6</u> shall survive the payment of the Loans and all other amounts payable hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.7 <u>Right to Request and Act on Instructions</u>. (a) Each Agent may at any time request instructions from the Lenders with respect to any actions or approvals which by the terms of this Agreement or of any of the Loan Documents an Agent is permitted or desires to take or to grant, and if such instructions are promptly requested, the requesting Agent shall be absolutely entitled as between itself and the Lenders to refrain from taking any action or to withhold any approval and shall not be under any liability whatsoever to any Lender for refraining from any action or withholding any approval under any of the Loan Documents until it shall have received such instructions from Required Lenders or all or such other portion of the Lenders as shall be prescribed by this Agreement. Without limiting the foregoing, no Lender shall have any right of action whatsoever against any Agent as a result of an Agent acting or refraining from acting under this Agreement or any of the other Loan Documents in accordance with the instructions of the Required Lenders (or all or such other portion of the Lenders as shall be prescribed by this Agreement) and, notwithstanding the instructions of the Required Lenders (or such other applicable portion of the Lenders), an Agent shall have no obligation to any Lender to take any action if it believes, in good faith, that such action would violate applicable law or exposes an Agent to any liability for which it has not received satisfactory indemnification in accordance with the provisions of <u>Subsection 10.6</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Each 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. Each Agent also may rely upon any statement made to it orally or by telephone and believed by it to have been made by the proper person, and shall not incur any liability for relying thereon. In determining compliance with any condition hereunder to the making of a Loan that by its terms must be fulfilled to the satisfaction of a Lender, the Administrative Agent may presume that such condition is satisfactory to such Lender unless the Administrative Agent shall have received notice to the contrary from such Lender prior to the making of such Loan. Each Agent may consult with legal counsel (who may be counsel for the Borrowers), independent accountants and other experts selected by it, and shall be entitled to rely upon the advice of any such counsel, accountants or experts and shall not be liable for any action taken or not taken by it in accordance with such advice.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.8 <u>Collateral Matters</u>. (a) Each Lender authorizes and directs the Administrative Agent and the Collateral Agent to enter into (<u>x</u>) the Security Documents, the Intercreditor Agreement and any Other Intercreditor Agreement for the benefit of the Lenders and the other Secured Parties, (<u>y</u>) any amendments, amendments and restatements, restatements or waivers of or supplements to or other modifications to the Security Documents, the Intercreditor Agreement and any Other Intercreditor Agreement or other intercreditor agreements in connection with the incurrence by any Loan Party or any Subsidiary thereof of Additional Indebtedness (each an "<u>Intercreditor Agreement Supplement</u>") to permit such Additional Indebtedness to be secured by a valid, perfected lien (with such priority as may be designated by the Parent Borrower or relevant Subsidiary, to the extent such priority is

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may grant extensions of time for the creation and perfection of security interests in or the obtaining of title insurance, legal opinions or other deliverables with respect to particular assets or the provision of any guarantee by any Subsidiary (including extensions beyond the Closing Date or in connection with assets acquired, or Subsidiaries formed or acquired, after the Closing Date) where it determines that such action cannot be accomplished without undue effort or expense by the time or times at which it would otherwise be required to be accomplished by this Agreement or the Security Documents.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Lenders hereby authorize each Agent, in each case at its option and in its discretion, (<u>A</u>) to release any Lien granted to or held by such Agent upon any Collateral (<u>i</u>) upon termination of the Commitments and payment and satisfaction of all of the Senior Secured Facilities Obligations under the Loan Documents at any time arising under or in respect of this Agreement or the Loan Documents or the transactions contemplated hereby or thereby that are then due and unpaid, (<u>ii</u>) constituting property being sold or otherwise disposed of (except as contemplated by the second proviso in the definition of Excluded Subsidiary, to Persons other than a Borrower or a Subsidiary Guarantor) upon a sale or other disposition thereof permitted under this Agreement, (<u>iii</u>) owned by any Subsidiary Guarantor that is or becomes an Excluded Subsidiary or ceases to be a Restricted Subsidiary of the Parent Borrower or constituting Capital Stock or other equity interests of an Excluded Subsidiary, (<u>iv</u>) if approved, authorized or ratified in writing by the Required Lenders (or such greater amount, to the extent required by <u>Subsection 11.1</u>) or (<u>v</u>) as otherwise may be expressly provided in the relevant Security Documents, (<u>B</u>) to enter into any intercreditor agreement (including the Intercreditor Agreement and any Other Intercreditor Agreement) on behalf of, and binding with respect to, the Lenders and their interest in designated assets, to give effect to any Special Purpose Financing, including to clarify the respective rights of all parties in and to designated assets, (<u>C</u>) at the written request of the Borrower Representative to subordinate any Lien (or to confirm the absence of any Lien) on any Excluded Assets or any other property granted to or held by such Agent, as the case may be under any Loan Document to the holder of any Permitted Lien (other than Permitted Liens securing the Obligations under the Loan Documents or that are required by the express terms of this Agreement to be pari passu with or junior to the Liens on the Collateral securing the Senior Secured Facilities Obligations pursuant to the Intercreditor Agreement or an Other Intercreditor Agreement) and (<u>D</u>) to release any Subsidiary Guarantor from its Obligations under any Loan Documents to which it is a party if such Person ceases to be a Restricted Subsidiary of the Parent Borrower or becomes an Excluded Subsidiary (other than as contemplated by the second proviso in the definition of Excluded Subsidiary). Upon request by any Agent, at any time, the Required Lenders or all or such other portion of the Lenders as shall be prescribed by this Agreement will confirm in writing any Agent's authority to release particular types or items of Collateral pursuant to this <u>Subsection</u> <u>10.8</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The Lenders hereby authorize the Administrative Agent and the Collateral Agent, as the case may be, in each case at its option and in its discretion, to enter into any amendment, amendment and restatement, restatement, waiver, supplement or modification, and to make or consent to any filings or to take any other actions, in each case as contemplated by <u>Subsection 11.17</u>. Upon request by any Agent, at any time, the Required Lenders will confirm in writing the Administrative Agent's and the Collateral Agent's authority under this <u>Subsection</u> <u>10.8(c)</u>.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) No Agent shall have any obligation whatsoever to the Lenders to assure that the Collateral exists or is owned by the Parent Borrower or any of its Restricted Subsidiaries or is cared for, protected or insured or that the Liens granted to any Agent herein or pursuant hereto have been properly or sufficiently or lawfully created, perfected, protected or enforced or are entitled to any particular priority, or to exercise or to continue exercising at all or in any manner or under any duty of care, disclosure or fidelity any of the rights, authorities and powers granted or available to the Agents in this <u>Subsection 10.8</u> or in any of the Security Documents, it being understood and agreed by the Lenders that in respect of the Collateral, or any act, omission or event related thereto, each Agent may act in any manner it may deem appropriate, in its sole discretion, given such Agent's own interest in the Collateral as a Lender and that no Agent shall have any duty or liability whatsoever to the Lenders, except for its gross negligence or willful misconduct.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) Notwithstanding any provision herein to the contrary, any Security Document may be amended (or amended and restated), restated, waived, supplemented or modified as contemplated by and in accordance with either <u>Subsection 11.1</u> or <u>11.17</u>, as applicable, with the written consent of the Agent party thereto and the Loan Party party thereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) The Collateral Agent may, and hereby does, appoint the Administrative Agent as its agent for the purposes of holding any Collateral and/or perfecting the Collateral Agent's security interest therein and for the purpose of taking such other action with respect to the collateral as such Agents may from time to time agree.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) Notwithstanding the foregoing, each Lender expressly and irrevocably agrees that it will not hinder, or direct the Agents to take any action that will hinder, the automatic release of any security interest, Lien or Guarantee provided for by this <u>Subsection 10.8</u> to the extent the Borrower Representative determines in good faith that the applicable transaction is permitted under this Agreement (including, without limitation, in connection with any disposition to Persons other than a Borrower or a Subsidiary Guarantor permitted under this Agreement), including, without limitation, any refusal to release security interests, Liens or Guarantees, return possessory collateral, execute and/or file release documentation or take any other reasonably requested actions to document or effectuate the release of such security interests, Liens or Guarantees, in each case, at the Borrowers' sole cost and expense, and each Lender expressly and irrevocably agrees that the Agents shall be authorized to, and shall, take any necessary action to release any such security interest, Lien or Guarantee to the extent authorized to do so by this <u>Subsection 10.8</u> without any obligation or requirement to notify or obtain consent from any Lender unless required by <u>Subsection 11.1(a)(iii)</u> (and the Agents shall not condition any such actions on providing notice to, or obtaining consent from, the Lenders unless required by <u>Subsection 11.1(a)(iii)</u>).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.9 <u>Successor Agent</u>. Subject to the appointment of a successor as set forth herein, (<u>i</u>) the Administrative Agent or the Collateral Agent may be removed by the Borrower Representative or the Required Lenders if the Administrative Agent, the Collateral Agent or a controlling affiliate of the Administrative Agent or the Collateral Agent is a Defaulting Lender and (<u>ii</u>) the Administrative Agent and the Collateral Agent may resign as Administrative Agent or Collateral Agent, respectively, in each case upon ten days' notice to the Administrative Agent, the Lenders and the Borrower Representative,

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as applicable. If the Administrative Agent or the Collateral Agent shall be removed by the Borrower Representative or the Required Lenders pursuant to clause (i) above or if the Administrative Agent or the Collateral Agent shall resign as Administrative Agent or Collateral Agent, as applicable, under this Agreement and the other Loan Documents, then the Required Lenders shall appoint from among the Lenders a successor agent for the Lenders, which such successor agent shall be subject to approval by the Borrower Representative; <u>provided</u> that such approval by the Borrower Representative in connection with the appointment of any successor Administrative Agent shall only be required so long as (<u>x</u>) no Event of Default under <u>Subsection 9.1(a)</u> or <u>(f)</u> has occurred and is continuing and (<u>y</u>) such successor is not a Committed Lender or an Affiliate of a Committed Lender; <u>provided</u> <u>further</u>, that the Borrower Representative shall not unreasonably withhold its approval of any successor Administrative Agent if such successor is an Approved Commercial Bank. Upon the successful appointment of a successor agent, such successor agent shall succeed to the rights, powers and duties of the Administrative Agent or the Collateral Agent, as applicable, and the term "<u>Administrative Agent</u>" or "<u>Collateral Agent</u>", as applicable, shall mean such successor agent effective upon such appointment and approval, and the former Agent's rights, powers and duties as Administrative Agent or Collateral Agent, as applicable, shall be terminated, without any other or further act or deed on the part of such former Agent or any of the parties to this Agreement or any holders of the Loans or issuers of Letters of Credit or Bankers' Acceptances. After any retiring Agent's resignation or removal as Agent, the provisions of this <u>Section</u> <u>10</u> (including this <u>Subsection 10.9</u>) shall inure to its benefit as to any actions taken or omitted to be taken by it while it was Agent under this Agreement and the other Loan Documents. The fees payable by the Borrowers to a successor Administrative Agent shall be the same as those payable to its predecessor unless otherwise agreed between the Borrower Representative and such successor.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.10 <u>[Reserved]</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.11 <u>Withholding Tax</u>. To the extent required by any applicable law, each Agent may withhold from any payment to any Lender an amount equivalent to any applicable withholding tax, and in no event shall such Agent be required to be responsible for or pay any additional amount with respect to any such withholding. If the Internal Revenue Service or any other Governmental Authority asserts a claim that any Agent did not properly withhold tax from amounts paid to or for the account of any Lender because the appropriate form was not delivered or was not properly executed or because such Lender failed to notify such Agent of a change in circumstances which rendered the exemption from or reduction of withholding tax ineffective or for any other reason, without limiting the provisions of <u>Subsection 4.11(a)</u> or <u>4.12</u>, such Lender shall indemnify such Agent fully for all amounts paid, directly or indirectly, by such Agent as tax or otherwise, including any penalties or interest and together with any expenses incurred and shall make payable in respect thereof within 30 days after demand therefor. A certificate as to the amount of such payment or liability delivered to any Lender by the Administrative Agent shall be conclusive absent manifest error. Each Lender hereby authorizes the Administrative Agent to set off and apply any and all amounts at any time owing to such Lender or such Issuing Bank under this Agreement or any other Loan Document against any amount due the Administrative Agent under this <u>Subsection 10.11</u>. The agreements in this <u>Subsection 10.11</u> shall survive the resignation and/or replacement of the Administrative Agent, any assignment of rights by, or the replacement of, a Lender and the repayment, satisfaction or discharge of all other Senior Secured Facilities Obligations.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.12 <u>Other Representatives</u>. None of the entities identified as joint bookrunners and joint lead arrangers pursuant to the definition of Other Representative contained herein, shall have any duties or responsibilities hereunder or under any other Loan Document in its capacity as such. Without limiting the foregoing, no Other Representative shall have nor be deemed to have a fiduciary relationship with any Lender. At any time that any Lender serving as an Other Representative shall have transferred to any other Person (other than any of its affiliates) all of its interests in the Loans and in the Commitments, such Lender shall be deemed to have concurrently resigned as such Other Representative.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.13 <u>Administrative Agent May File Proofs of Claim</u>. In case of the pendency of any Bankruptcy Proceeding or any other judicial proceeding relative to any Loan Party, the Administrative Agent (irrespective of whether the principal of any Loan shall then be due and payable as herein expressed or by declaration or otherwise and irrespective of whether the Administrative Agent shall have made any demand on the Borrowers) is hereby authorized by the Lenders, by intervention in such proceeding or otherwise:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) to file and prove a claim for the whole amount of the principal and interest owing and unpaid in respect of the Loans and all other Obligations that are owing and unpaid and to file such other documents as may be necessary or advisable in order to have the claims of the Lenders, and the Administrative Agent (including any claim for the reasonable compensation, expenses, disbursements and advances of the Lenders, and the Administrative Agent and their respective agents and counsel and all other amounts due the Lenders and the Administrative Agent under <u>Subsections 4.5</u> and <u>11.5</u>) allowed in such judicial proceeding;

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

and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any such judicial proceeding is hereby authorized by each Lender to make such payments to the Administrative Agent and, if the Administrative Agent shall consent to the making of such payments directly to the Lenders, to pay to the Administrative Agent any amount due for the reasonable compensation, expenses, disbursements and advances of the Administrative Agent and its agents and counsel, and any other amounts due the Administrative Agent under <u>Subsections 4.5</u> and <u>11.5</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.14 <u>Application of Proceeds</u>. The Lenders, the Administrative Agent and the Collateral Agent agree, as among such parties, as follows: subject to the terms of the Intercreditor Agreement, any Other Intercreditor Agreement or any Intercreditor Agreement Supplement, after the occurrence and during the continuance of an Event of Default, all amounts collected or received by the Administrative Agent, the Collateral Agent or any Lender on account of amounts then due and outstanding under any of the Loan Documents (the "<u>Collection Amounts</u>") shall, except as otherwise expressly provided herein, be applied as follows: <u>first</u>, to pay all reasonable and documented out-of-pocket costs and expenses (including reasonable attorneys' fees to the extent provided herein) due and

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owing hereunder of the Administrative Agent and the Collateral Agent in connection with enforcing the rights of the Agents and the Lenders under the Loan Documents (including all expenses of sale or other realization of or in respect of the Collateral and any sums advanced to the Collateral Agent or to preserve its security interest in the Collateral), <u>second</u>, to pay all reasonable and documented out-of-pocket costs and expenses (including reasonable attorneys' fees to the extent provided herein) due and owing hereunder of each of the Lenders in connection with enforcing such Lender's rights under the Loan Documents, <u>third</u>, to pay interest on Loans and L/C-B/A Obligations then outstanding, <u>fourth</u>, to pay principal of Loans then outstanding and obligations under Interest Rate Agreements, Currency Agreements, Commodities Agreements, Bank Products Agreements and Management Guarantees permitted hereunder and secured by the Guarantee and Collateral Agreement or any applicable Foreign Security Document ratably among the applicable Secured Parties in proportion to the respective amounts described in this clause "fourth" payable to them, and <u>fifth</u>, to pay the surplus, if any, to whomever may be lawfully entitled to receive such surplus. To the extent any amounts available for distribution pursuant to clause "third" or "fourth" above are insufficient to pay all obligations described therein in full, such moneys shall be allocated pro rata among the applicable Secured Parties in proportion to the respective amounts described in the applicable clause at such time. This <u>Subsection 10.14</u> may be amended (and the Lenders hereby irrevocably authorize the Administrative Agent to enter into any such amendment) to the extent necessary to reflect differing amounts payable, and priorities of payments, to Lenders participating in any new classes or tranches of loans added pursuant to <u>Subsections 2.8</u>, <u>2.10</u> and <u>2.11</u>, as applicable.

Notwithstanding the foregoing, Excluded Obligations (as defined in the Guarantee and Collateral Agreement or any applicable Foreign Security Document) with respect to any Guarantor shall not be paid with amounts received from such Guarantor or its assets and such Excluded Obligations shall be disregarded in any application of Collection Amounts pursuant to the preceding paragraph.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.15 <u>Certain ERISA Matters</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Each Lender (<u>x</u>) represents and warrants, as of the date such Person became a Lender party hereto, to, and (<u>y</u>) covenants, from the date such Person became a Lender party hereto to the date such Person ceases being a Lender party hereto, for the benefit of, the Administrative Agent and not, for the avoidance of doubt, to or for the benefit of any Borrower or any other Loan Party, that at least one of the following is and will be true:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) such Lender is not using "plan assets" (within the meaning of Section 3(42) of ERISA or otherwise) of one or more Benefit Plans with respect to such Lender's entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments or this Agreement,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the transaction exemption set forth in one or more PTEs, such as PTE 84-14 (a class exemption for certain transactions determined by independent qualified professional asset managers), PTE 95-60 (a class exemption for certain transactions involving insurance company general accounts), PTE 90-1 (a class exemption for certain transactions involving

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insurance company pooled separate accounts), PTE 91-38 (a class exemption for certain transactions involving bank collective investment funds) or PTE 96-23 (a class exemption for certain transactions determined by in-house asset managers), is applicable with respect to such Lender's entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) (<u>A</u>) such Lender is an investment fund managed by a "Qualified Professional Asset Manager" (within the meaning of Part VI of PTE 84-14), (<u>B</u>) such Qualified Professional Asset Manager made the investment decision on behalf of such Lender to enter into, participate in, administer and perform the Loans, the Letters of Credit, the Commitments and this Agreement, (<u>C</u>) the entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement satisfies the requirements of sub-sections (b) through (g) of Part I of PTE 84-14 and (<u>D</u>) to the best knowledge of such Lender, the requirements of subsection (a) of Part I of PTE 84-14 are satisfied with respect to such Lender's entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement, or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) such other representation, warranty and covenant as may be agreed in writing between the Administrative Agent, in its sole discretion, and such Lender.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) In addition, unless either (<u>1</u>) subclause (i) in the immediately preceding clause (a) is true with respect to a Lender or (<u>2</u>) a Lender has provided another representation, warranty and covenant in accordance with subclause (iv) in the immediately preceding clause (a), such Lender further (<u>x</u>) represents and warrants, as of the date such Person became a Lender party hereto, to, and (<u>y</u>) covenants, from the date such Person became a Lender party hereto to the date such Person ceases being a Lender party hereto, for the benefit of, the Administrative Agent and not, for the avoidance of doubt, to or for the benefit of any Borrower or any other Loan Party, that the Administrative Agent is not a fiduciary with respect to the assets of such Lender involved in such Lender's entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement (including in connection with the reservation or exercise of any rights by the Administrative Agent under this Agreement, any Loan Document or any documents related hereto or thereto).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.16 <u>Acknowledgements of Lenders</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Each Lender hereby agrees that (<u>x</u>) if the Administrative Agent notifies such Lender that the Administrative Agent has determined in its sole discretion that any funds received by such Lender from the Administrative Agent or any of its Affiliates (whether as a payment, prepayment or repayment of principal, interest, fees or otherwise; individually and collectively, an "<u>Erroneous Payment</u>") were erroneously transmitted to such Lender (whether or not known to such Lender), and demands the return of such Erroneous Payment (or a portion thereof), such Lender shall promptly, but in no event later than one Business Day thereafter, return to the Administrative Agent the amount of any such Erroneous Payment (or portion thereof) as to which such a demand was made in same day funds, together with interest thereon in respect of each day from and including the date such Erroneous

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Payment (or portion thereof) was received by such Lender to the date such amount is repaid to the Administrative Agent at the NYFRB Rate from time to time in effect, and (<u>y</u>) to the extent permitted by applicable law, such Lender shall not assert, and hereby waives, as to the Administrative Agent, any claim, counterclaim, defense or right of set-off or recoupment with respect to any demand, claim or counterclaim by the Administrative Agent for the return of any Erroneous Payments received, including without limitation any defense based on "discharge for value" or any similar doctrine. A notice of the Administrative Agent to any Lender under this <u>Subsection 10.16</u> shall be conclusive, absent manifest error.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Each Lender hereby further agrees that if it receives an Erroneous Payment from the Administrative Agent or any of its Affiliates (<u>x</u>) that is in a different amount than, or on a different date from, that specified in a notice of payment sent by the Administrative Agent (or any of its Affiliates) with respect to such Erroneous Payment (a "<u>Payment Notice</u>") or (<u>y</u>) that was not preceded or accompanied by a Payment Notice, it shall be on notice, in each such case, that an error has been made with respect to such Erroneous Payment. Each Lender agrees that, in each such case, or if it otherwise becomes aware an Erroneous Payment (or portion thereof) may have been sent in error, such Lender shall promptly notify the Administrative Agent of such occurrence and, upon demand from the Administrative Agent, it shall promptly, but in no event later than one Business Day thereafter, return to the Administrative Agent the amount of any such Erroneous Payment (or portion thereof) as to which such a demand was made in same day funds, together with interest thereon in respect of each day from and including the date such Erroneous Payment (or portion thereof) was received by such Lender to the date such amount is repaid to the Administrative Agent at the NYFRB Rate from time to time in effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) In the event an Erroneous Payment (or portion thereof) is not recovered by the Administrative Agent for any reason, after demand therefor by the Administrative Agent in accordance with immediately preceding <u>clauses (a)</u> and <u>(b)</u>, from any Lender that has received such Erroneous Payment (or portion thereof) (or from any payment recipient who received such Erroneous Payment (or portion thereof) on its respective behalf) (such unrecovered amount, an "<u>Erroneous Payment Return Deficiency</u>"), upon the Administrative Agent's request to such Lender at any time, (<u>i</u>) such Lender shall be deemed to have assigned its Loans (but not its Commitments) of the relevant Tranche with respect to which such Erroneous Payment was made (the "<u>Erroneous Payment Impacted Class</u>") in an amount equal to the Erroneous Payment Return Deficiency (such assignment of the Loans (but not Commitments) of the Erroneous Payment Impacted Class, the "<u>Erroneous Payment Deficiency Assignment</u>") at par plus any accrued and unpaid interest (with the assignment fee to be waived by the Administrative Agent in such instance), and is hereby (together with any Borrower) deemed to execute and deliver an Assignment and Acceptance (or, to the extent applicable, an agreement incorporating an Assignment and Acceptance by reference pursuant to an electronic platform approved by the Administrative Agent as to which the Administrative Agent and such parties are participants) with respect to such Erroneous Payment Deficiency Assignment, and such Lender shall deliver any promissory notes issued under <u>Subsection 2.2</u> evidencing such Loans to the Borrower or the Administrative Agent, (<u>ii</u>) the Administrative Agent as the assignee Lender shall be deemed to acquire the Erroneous Payment Deficiency Assignment and (<u>iii</u>) upon such deemed acquisition, the Administrative Agent as the assignee Lender shall become a Lender, as applicable, hereunder with

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respect to such Erroneous Payment Deficiency Assignment and the assigning Lender shall cease to be a Lender 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. 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The parties hereto agree that an Erroneous Payment shall not, in and of itself, be deemed to pay, prepay, repay, discharge or otherwise satisfy any Senior Secured Facilities Obligations owed by any Borrower or any other Loan Party, except, in each case, to the extent such erroneous Payment is, and solely with respect to the amount of such erroneous Payment that is, comprised of funds received by the Administrative Agent from any Borrower or any other Loan Party for the purpose of paying, prepaying, repaying, discharging or otherwise satisfying any Senior Secured Facilities Obligations owed by any Borrower or any other Loan Party.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) Notwithstanding anything to the contrary herein or in any other Loan Document, this <u>Subsection 10.16</u> will not create any additional Senior Secured Facilities Obligations of the Loan Parties' under the Loan Documents or otherwise increase or alter such Senior Secured Facilities Obligations (other than having consented to the assignment referenced in <u>Subsection 10.16(c)</u>).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) Each party's obligations under this <u>Subsection 10.16</u> shall survive the resignation or replacement of the Administrative Agent or any transfer of rights or obligations by, or the replacement of, a Lender, the termination of the Commitments or the repayment, satisfaction or discharge of all Senior Secured Facilities Obligations under any Loan Document.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.17 <u>Borrower Communications</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Administrative Agent, the Lenders and the Issuing Banks agree that the Borrower Representative may, but shall not be obligated to, make any Borrower Communications to the Administrative Agent through an electronic platform chosen by the Administrative Agent to be its electronic transmission system (the "<u>Approved Borrower Portal</u>").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Although the Approved Borrower Portal and its primary web portal are secured with generally-applicable security procedures and policies implemented or modified by the Administrative Agent from time to time (including, as of the Closing Date, a user ID/password authorization system), each of the Lenders, each of the Issuing Banks and the Borrower Representative acknowledges and agrees that the distribution of material through an electronic medium is not necessarily secure, that the Administrative Agent is not responsible for approving or vetting the representatives or contacts of the Borrower Representative that are added to the Approved Borrower Portal, and that there may be confidentiality and other risks associated with such distribution. Each of the Lenders, each of the Issuing Banks and the Borrower Representative hereby approves distribution of Borrower Communications through the Approved Borrower Portal and understands and assumes the risks of such distribution.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) THE APPROVED BORROWER PORTAL IS PROVIDED "AS IS" AND "AS AVAILABLE". THE APPLICABLE PARTIES (AS DEFINED BELOW) DO NOT WARRANT THE ACCURACY OR COMPLETENESS OF THE BORROWER COMMUNICATION, OR THE ADEQUACY OF THE APPROVED BORROWER PORTAL AND EXPRESSLY DISCLAIM LIABILITY FOR ERRORS OR OMISSIONS IN THE APPROVED BORROWER PORTAL AND THE BORROWER COMMUNICATIONS. NO WARRANTY OF ANY KIND, EXPRESS, IMPLIED OR STATUTORY, INCLUDING ANY WARRANTY OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT OF THIRD PARTY RIGHTS OR FREEDOM FROM VIRUSES OR OTHER CODE DEFECTS, IS MADE BY THE APPLICABLE PARTIES IN CONNECTION WITH THE BORROWER COMMUNICATIONS OR THE APPROVED BORROWER PORTAL. IN NO EVENT SHALL THE ADMINISTRATIVE AGENT, ANY ARRANGER, ANY CO-DOCUMENTATION AGENT, ANY SYNDICATION AGENT OR ANY OF THEIR RESPECTIVE RELATED PARTIES (COLLECTIVELY, "<u>APPLICABLE PARTIES</u>") HAVE ANY LIABILITY TO ANY LOAN PARTY, ANY LENDER, ANY ISSUING BANK OR ANY OTHER PERSON OR ENTITY FOR DAMAGES OF ANY KIND, INCLUDING DIRECT OR INDIRECT, SPECIAL, INCIDENTAL OR CONSEQUENTIAL DAMAGES, LOSSES OR EXPENSES (WHETHER IN TORT, CONTRACT OR OTHERWISE) ARISING OUT OF THE BORROWER REPRESENTATIVE'S TRANSMISSION OF BORROWER COMMUNICATIONS THROUGH THE INTERNET OR THE APPROVED BORROWER PORTAL.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Each of the Lenders, each of the Issuing Banks and the Borrower Representative agrees that the Administrative Agent may, but (except as may be required by applicable law) shall not be obligated to, store the Borrower Communications on the Approved Borrower Portal in accordance with the Administrative Agent's generally applicable document retention procedures and policies.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) Nothing herein shall prejudice the right of the Borrower Representative to give any notice or other communication pursuant to any Loan Document in any other manner specified in such Loan Document.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) The Borrower Representative agrees that the Administrative Agent may, but shall not be obligated to, make any Communications available to the Lenders and the Issuing Banks by posting the Communications on IntraLinks<sup>™</sup>, DebtDomain, SyndTrak, ClearPar or any other electronic platform chosen by the Administrative Agent to be its electronic transmission system (the "<u>Approved Electronic Platform</u>").

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SECTION 11

<u>Miscellaneous</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.1 <u>Amendments and Waivers</u>. (a) Neither this Agreement nor any other Loan Document, nor any terms hereof or thereof, may be amended, supplemented, modified or waived except in accordance with the provisions of this <u>Subsection 11.1</u>. The Required Lenders may, or, with the written consent of the Required Lenders, the Administrative Agent may, from time to time, (<u>x</u>) enter into with the respective Loan Parties hereto or thereto, as the case may be, written amendments, supplements or modifications hereto and to the other Loan Documents for the purpose of adding any provisions to this Agreement or to the other Loan Documents or changing, in any manner the rights or obligations of the Lenders or the Loan Parties hereunder or thereunder or (<u>y</u>) waive at any Loan Party's request, on such terms and conditions as the Required Lenders or the Administrative Agent, as the case may be, may specify in such instrument, any of the requirements of this Agreement or the other Loan Documents or any Default or Event of Default and its consequences; <u>provided</u>, <u>however</u>, that amendments pursuant to <u>Subsections 11.1(a)(vii)</u>, <u>(a)(viii)</u>, <u>(a)(ix)</u>, <u>(a)(x)</u>, <u>(a)(xi)</u>, <u>(a)(xii)</u>, <u>(a)(xiii)</u>, <u>(d)</u>, <u>(f)</u>, <u>(h)</u> and <u>(i)</u> may be effected without the consent of the Required Lenders to the extent provided therein; <u>provided</u> <u>further</u>, that no such waiver and no such amendment, supplement or modification shall:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) (<u>A</u>) reduce or forgive the amount or extend the scheduled date of maturity of any Loan or Reimbursement Obligation hereunder or of any scheduled installment thereof (including extending any Maturity Date), (<u>B</u>) reduce the stated rate of any interest, commission or fee payable hereunder (other than as a result of any waiver of the applicability of any post-default increase in interest rates), (<u>C</u>) extend the scheduled date of any payment of any Lenders' Loans (including any payment of interest) or Reimbursement Obligation hereunder, (<u>D</u>) increase the Commitment of any Lender (other than with respect to any Commitment increase pursuant to <u>Subsection 2.8</u> in respect of which such Lender has agreed to be an Incremental Lender or increase of Commitments with respect to Specified Refinancing Revolving Commitments that such Lender has agreed to provide as a Specified Refinancing Lender pursuant to a Specified Refinancing Amendment entered into pursuant to <u>Subsection 2.11</u>) (it being understood that no amendment, modification or waiver of, or consent to departure from, any condition precedent, representation, warranty, covenant, Default, Event of Default, mandatory prepayment or mandatory reduction of the Commitments shall constitute an increase of any Commitment of such Lender) or (<u>E)</u> change the currency in which any Loan is payable, in each case without the consent of each affected Lender (it being understood that amendments, supplements to, or waivers or modifications of or consents to departures from any conditions precedent, representations, warranties, covenants, Defaults or Events of Default, mandatory prepayment of Loans or mandatory reductions of Commitments shall not constitute an increase of the Commitments or an extension of the scheduled date of maturity, any scheduled installment, or the scheduled date of payment of the Loans of any Lender);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) amend, modify or waive any provision of this <u>Subsection 11.1(a)</u> or reduce the percentage specified in the definition of "Required Lenders," or consent to the assignment or transfer by any Borrower of any of its rights and obligations under this Agreement and the other Loan Documents (other than pursuant to <u>Subsection 8.7</u> or <u>11.6(a)</u>), in each case without the written consent of all the Lenders;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) release (<u>A</u>) Guarantors accounting for all or substantially all of the value of the Guarantee of the Senior Secured Facilities Obligations pursuant to the Guarantee and Collateral Agreement, or (<u>B</u>) in the aggregate (in a single transaction or a series of related transactions), all or substantially all of the Collateral securing the Senior Secured Facilities Obligations, without the consent of all of the Lenders of the applicable Facility, except as expressly permitted hereby or by any Security Document (as such documents are in effect on the Closing Date or, if later, the date of execution and delivery thereof in accordance with the terms hereof);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) require any Lender to make Loans having an Interest Period of longer than six months or shorter than one month without the consent of such Lender;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) amend, modify or waive any provision of <u>Section</u> <u>10</u> without the written consent of the then Agents;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) amend, modify or waive any provision of <u>Subsection 10.1(a)</u>, <u>10.4</u> or <u>10.12</u> without the written consent of any Other Representative directly and adversely affected thereby;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) (<u>A</u>) amend or otherwise modify <u>Subsection 8.11</u> (including to add, amend or otherwise modify representations, warranties, covenants or other terms and conditions or to add, amend or otherwise modify defined terms solely to the extent applicable thereto), (<u>B</u>) waive or consent to any Default or Event of Default resulting from a breach of <u>Subsection 8.11</u>, (<u>C</u>) amend, add or otherwise modify representations, warranties, covenants or other terms and conditions or to amend or add defined terms solely to the extent applicable thereto, in each case solely for the benefit of the Revolving Commitments, (<u>D</u>) amend or otherwise modify <u>Subsection 6.2</u> solely with respect to any Extension of Credit under the Revolving Commitments, (<u>E</u>) waive any representation made or deemed made in connection with any Extension of Credit under the Revolving Commitments or (<u>F</u>) waive or consent to any Default or Event of Default relating solely to the Revolving Loans and Revolving Commitments (including Defaults and Events of Default relating to the foregoing clauses (<u>A</u>) through (<u>E</u>)), in each case without the written consent of the Required Revolving Lenders; <u>provided</u>, <u>however</u>, that the amendments, supplements, modifications, waivers and consents described in this clause (vii) shall not require the consent of any Lenders other than the Required Revolving Lenders;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii) reduce the percentage specified in the definition of "Required Revolving Lenders", amend the definition of "Designated Foreign Currency" or <u>Section</u> <u>2.13</u> without the written consent of all the Revolving Lenders;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ix) amend, modify or waive any provision of the Swing Line Note (if any) or <u>Subsection 2.7</u> without the written consent of the Swing Line Lender and each other Lender, if any, which holds, or is required to purchase, a participation in any Swing Line Loan pursuant to <u>Subsection 2.7(d)</u>;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(x) amend, modify or waive the provisions of any Letter of Credit or any L/C-B/A Obligation (other than with respect to any L/C Committed Amount increase pursuant to the definition of "L/C-B/A Commitment Amount") without the written consent of the applicable Issuing Bank with respect thereto and each directly and adversely affected Lender;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xi) amend, modify or waive any provision that adversely affects the Revolving Lenders in a manner that is disproportionate to the effect of such amendment, modification or waiver on the other Lenders without the written consent of the Required Revolving Lenders;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xii) increase the L/C-B/A Commitment Amount Individual Sublimit of any Issuing Bank without the consent of such Issuing Bank or extend the L/C-B/A Commitment of such Issuing Bank beyond the Initial Revolving Maturity Date then in effect without such Issuing Bank's consent; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xiii) (<u>A</u>) contractually subordinate (<u>1</u>) the Liens in favor of the Collateral Agent on all or substantially all of the Collateral securing the Senior Secured Facilities Obligations, or (<u>2</u>) the Senior Secured Facilities Obligations in right of payment, or (<u>B</u>) amend, modify or waive any provision of <u>Subsection 4.8(a)</u> or <u>10.14</u> in a manner that would alter the pro rata sharing or payments or setoffs required thereby, in each case under this clause (a)(xiii), in respect of any other Indebtedness for borrowed money (other than amendments, supplements, waivers or other modifications the effect of which is to increase the amount of Indebtedness that may be incurred pursuant to <u>Subsection 8.1(b)(iv)</u>, <u>(b)(viii)(H)</u>, <u>(b)(xiii)</u>, <u>(b)(xiv)</u>, <u>(b)(xv)</u> or <u>(b)(xvi)</u>) (any such other Indebtedness for borrowed money to which such Liens or Obligations, as applicable, are subordinated, "<u>Senior Indebtedness</u>"), unless each directly and adversely affected Lender has been offered an opportunity to fund or otherwise provide its pro rata share (based on the amount of Obligations that are adversely affected thereby held by each Lender and calculated immediately prior to any applicable amendment or incurrence of Senior Indebtedness) of the Senior Indebtedness on the same terms as offered to all other providers (or their Affiliates) of the Senior Indebtedness (other than bona fide backstop fees, structuring or arrangement or similar fees and reimbursement of counsel fees and other expenses in connection with the negotiation of the terms of such transaction; such fees and expenses, "<u>Ancillary Fees</u>") pursuant to a written offer made to each such directly and adversely affected Lender describing the material terms of the arrangements pursuant to which the Senior Indebtedness is to be provided, which offer shall remain open to each such directly and adversely affected Lender for a period of not less than five Business Days; <u>provided</u>, <u>however</u>, that (<u>x</u>) any Lender may designate any of its Affiliates to provide such Senior Indebtedness on its behalf with the existing Senior Secured Facilities Obligations of such Lender being treated, for purposes hereof, as though such Lender had provided such Senior Indebtedness itself without the written consent of each directly and adversely affected Lender and (<u>y</u>) in no event shall this clause (a)(xiii) restrict any such

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amendment, supplement, waiver or other modification (<u>I</u>) in connection with any "debtor in possession" financing, (<u>II</u>) granting the Revolving Loans, Revolving Commitments or any other bona fide committed revolving facility priority over the Term Loans; <u>provided</u> that if prior to any such amendment, supplement, waiver or other modification any such other committed revolving facility had liens and a right of payment that were pari passu with the Revolving Loans and the Revolving Commitments and such other committed revolving facility is granted priority over the Term Loans solely in reliance on this subclause (II) (and not in reliance on any other provision or exception in this clause 11.1(a)(xiii)), the Revolving Loans and Revolving Commitments that were so pari passu with such other committed revolving facility shall also be granted such priority over the Term Loans, (<u>III</u>) in connection with an ABL, Indebtedness permitted under <u>Subsection 8.1(b)(ix)</u> or any factoring, securitization or other similar facility or (<u>IV</u>) expressly permitted by this Agreement, the Security Documents, the Intercreditor Agreement, any Other Intercreditor Agreement or any Intercreditor Agreement Supplement;

<u>provided</u> <u>further</u> that, notwithstanding and in addition to the foregoing, and in addition to Liens on the Collateral that the Collateral Agent is authorized to release pursuant to <u>Subsection 10.8(b)</u>, the Collateral Agent may, in its discretion, release the Lien on Collateral valued in the aggregate not in excess of the greater of $34,000,000 and 8.0% of Four Quarter Consolidated EBITDA in any fiscal year without the consent of any Lender.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Any waiver and any amendment, supplement or modification pursuant to this <u>Subsection 11.1</u> shall apply to each of the Lenders and shall be binding upon the Loan Parties, the Lenders, the Agents and all future holders of the Loans. In the case of any waiver, each of the Loan Parties, the Lenders and the Agents shall be restored to their former position and rights hereunder and under the other Loan Documents, and any Default or Event of Default waived shall be deemed to be cured and not continuing; but no such waiver shall extend to any subsequent or other Default or Event of Default, or impair any right consequent thereon.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Notwithstanding any provision herein to the contrary, (<u>x</u>) no Defaulting Lender shall have any right to approve or disapprove any amendment, waiver or consent hereunder or under any of the Loan Documents, except to the extent the consent of such Lender would be required under clause (i) in the further proviso to the second sentence of <u>Subsection 11.1(a)</u>, (<u>y</u>) no Disqualified Party shall have any right to approve or disapprove any amendment, waiver or consent hereunder or under any of the Loan Documents and (<u>z</u>) no Net Short Lender shall have any right to approve or disapprove any amendment, waiver or consent hereunder or under any of the Loan Documents and instead shall be deemed to have voted its interest as a Lender as provided in <u>Subsection 11.1(k)</u> below (for the avoidance of doubt, other than a Net Short Lender that is also a Disqualified Party, which shall be subject to the preceding clause (y)).

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Notwithstanding any provision herein to the contrary, this Agreement and the other Loan Documents may be amended (<u>i</u>) to cure any ambiguity, mistake, omission, defect or inconsistency with the consent of the Borrower Representative and the Administrative Agent, (<u>ii</u>) in accordance with <u>Subsection 2.8</u> to incorporate the terms of any Incremental Commitments (including to add a new revolving facility or letter of credit facility under this Agreement with respect to any Incremental Revolving Commitment or Incremental L/C-B/A Commitment or to add an escrow arrangement) with the written consent of the applicable Borrower(s) and Lenders providing such Incremental Commitments, (<u>iii</u>) in accordance with <u>Subsection 2.10</u> to effectuate an Extension with the written consent of the applicable Borrower(s) and the Extending Lenders, (<u>iv</u>) in accordance with <u>Subsection 2.11</u> to incorporate the terms of any Specified Refinancing Facilities with the consent of the applicable Borrower(s) and the applicable Specified Refinancing Lenders, (<u>v</u>) in accordance with <u>Subsection 7.15</u>, to change the financial reporting convention, (<u>vi</u>) with the consent of the Borrower Representative and the Administrative Agent (in each case such consent not to be unreasonably withheld, conditioned or delayed), in the event any mandatory prepayment or redemption provision in respect of the Net Cash Proceeds of Asset Dispositions or Recovery Events or from Excess Cash Flow included or to be included in any Incremental Commitment Amendment or any Indebtedness constituting Additional Obligations or that would constitute Additional Obligations would result in Incremental Term Loans or Additional Obligations, as applicable, being prepaid or redeemed on a more than ratable basis with the Term Loans in respect of the Net Cash Proceeds from any such Asset Disposition or Recovery Event or Excess Cash Flow prepayment to the extent such Net Cash Proceeds or Excess Cash Flow are required to be applied to repay Term Loans hereunder pursuant to <u>Subsection 4.4(e)</u>, to provide for mandatory prepayments of the Initial Term Loans such that, after giving effect thereto, the prepayments made in respect of such Incremental Term Loans or Additional Obligations, as applicable, are not on more than a ratable basis and (<u>vii</u>) to waive, amend or modify this Agreement or any other Loan Document in a manner that by its terms affects the rights or duties under this Agreement or any other Loan Document of Lenders holding Loans or Commitments of a particular Tranche (but not the Lenders holding Loans or Commitments of any other Tranche), by an agreement or agreements in writing entered into by the applicable Borrower(s) and the requisite percentage in interest of the Lenders with respect to such Tranche that would be required to consent thereto under this <u>Subsection 11.1</u> if such Lenders were the only Lenders hereunder at the time. Without limiting the generality of the foregoing, any provision of this Agreement and the other Loan Documents, including <u>Subsection 4.4</u>, <u>4.8</u> or <u>10.14</u> hereof, may be amended as set forth in the immediately preceding sentence pursuant to any Incremental Commitment Amendment, any Extension Amendment or any Specified Refinancing Amendment, as the case may be, to provide for non-pro rata borrowings and payments of any amounts hereunder as between any Tranches, including the Term Loans, Revolving Commitments, Revolving Loans, any Incremental Commitments or Incremental Loans, any Extended Tranche and any Specified Refinancing Tranche, or to provide for the inclusion, as appropriate, of the Lenders of any Extended Tranche, Specified Refinancing Tranche, Incremental Commitments or Incremental Loans in any required vote or action of the Required Lenders, the Required Revolving Lenders, the Required Majority in Interest Lenders or the Lenders of each Tranche hereunder. The Administrative Agent hereby agrees (if requested by the Borrower Representative) to execute any amendment referred to in this clause (d) or an acknowledgement thereof.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) Notwithstanding any provision herein to the contrary, this Agreement may be amended (or deemed amended) or amended and restated with the written consent of the Required Lenders, the Administrative Agent and the applicable Borrower(s) (<u>x</u>) to add one or more additional credit facilities to this Agreement and to permit the extensions of credit from time to time outstanding thereunder and the accrued interest and fees in respect thereof to share ratably in the benefits of this Agreement and the other Loan Documents with the existing Facilities and the accrued interest and fees in respect thereof, (<u>y</u>) to include, as appropriate, the Lenders holding such credit facilities in any required vote or action of the Required Lenders, the Required Revolving Lenders or the Lenders of each Facility hereunder and (<u>z</u>) to provide class protection for any additional credit facilities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) Notwithstanding any provision herein to the contrary, any Security Document may be amended (or amended and restated), restated, waived, supplemented or modified as contemplated by <u>Subsection 11.17</u> with the written consent of the Agent party thereto and the Loan Party party thereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) If, in connection with any proposed change, waiver, discharge or termination of or to any of the provisions of this Agreement and/or any other Loan Document as contemplated by <u>Subsection 11.1(a)</u>, the consent of each Lender, each Revolving Lender or each affected Lender, as applicable, is required and the consent of the Required Lenders, the Required Revolving Lenders or the Required Majority in Interest Lenders, as applicable, at such time is obtained but the consent of one or more of such other Lenders whose consent is required is not obtained (each such Lender, a "<u>Non-Consenting Lender</u>"), then the Borrower Representative may, on notice to the Administrative Agent and any relevant Non-Consenting Lender, (<u>A</u>) replace such Non-Consenting Lender by causing such Lender to (and such Lender shall be obligated to) assign pursuant to <u>Subsection 11.6</u> (with the assignment fee and any other costs and expenses to be paid by the Borrowers in such instance) all of its rights and obligations under this Agreement to one or more assignees; <u>provided</u> that neither the Administrative Agent nor any Lender shall have any obligation to the applicable Borrower(s) to find a replacement Lender; <u>provided</u>, <u>further</u>, that the applicable assignee shall have agreed to the applicable change, waiver, discharge or termination of this Agreement and/or the other Loan Documents; and <u>provided</u>, <u>further</u>, that all obligations of the applicable Borrower(s) owing to such Non-Consenting Lender relating to the Loans, Commitments and participations so assigned shall be paid in full by the assignee Lender (or, at its/their option, by the Borrower(s)) to such Non-Consenting Lender concurrently with such Assignment and Acceptance, in each case, for the avoidance of doubt, in an amount not in excess of the amount of such obligations, as applicable, or (<u>B</u>) so long as no Event of Default under <u>Subsection 9.1(a)</u> or <u>(f)</u> then exists or will exist immediately after giving effect to the respective prepayment, prepay the Loans and, if applicable, terminate the Revolving Commitments of such Non-Consenting Lender, in whole or in part, subject to <u>Subsection 4.12</u>, without premium or penalty. In connection with any such replacement under this <u>Subsection 11.1(g)</u>, if a Non-Consenting Lender that was provided notice as set forth in the previous sentence does not execute and deliver to the Administrative Agent a duly completed Assignment and Acceptance and/or any other documentation necessary to reflect such replacement by the later of (<u>a</u>) the date on which the replacement Lender executes and delivers such Assignment and Acceptance and/or such other documentation and (<u>b</u>) the date as of which all obligations of the applicable Borrower(s) owing to such Non-Consenting Lender relating to the Loans, Commitments and participations so assigned shall be paid in full by the assignee Lender to such Non-Consenting Lender, then such Non-Consenting Lender shall be deemed to have executed and delivered such Assignment and Acceptance and/or such other documentation as of such date and the Borrower Representative shall be entitled (but not obligated) to execute and deliver such Assignment and Acceptance and/or such other documentation on behalf of such Non-Consenting Lender, and the Administrative Agent shall record such assignment in the Register.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) Notwithstanding anything to the contrary herein, at any time and from time to time, upon notice to the Administrative Agent (who shall promptly notify the applicable Lenders) specifying in reasonable detail the proposed terms thereof, the Borrower Representative may make one or more loan modification offers to all the Lenders of any Facility that would, if and to the extent accepted by any such Lender, (<u>a</u>) change the Applicable Margin and/or fees payable with respect to the Loans and/or Commitments under such Facility (in each case solely with respect to the Loans and Commitments of accepting Lenders in respect of which an acceptance is delivered) and (<u>b</u>) treat the Loans and/or Commitments so modified as a new "Facility" and a new "Tranche" for all purposes under this Agreement; <u>provided</u> that (<u>i</u>) such loan modification offer is made to each Lender under the applicable Facility on the same terms and subject to the same procedures as are applicable to all other Lenders under such Facility (which procedures in any case shall be reasonably satisfactory to the Administrative Agent) and (<u>ii</u>) no loan modification shall affect the rights or duties of, or any fees or other amounts payable to, the Administrative Agent, without its prior written consent.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) In connection with any amendment to this Agreement that addresses (<u>a</u>) a Repricing Transaction of the Initial Term Loans, as applicable, or (<u>b</u>) a "repricing transaction" of any other Tranche of Term Loans (as if the definition "Repricing Transaction" applied to such Tranche of Term Loans) (each such amendment, a "<u>Permitted Repricing Amendment</u>"), so long as such amendment (<u>i</u>) by its terms only affects the rights or duties under this Agreement or any other Loan Document of Lenders holding such Loans or Commitments of such Tranche of Term Loans (but not the Lenders holding Loans or Commitments of any other Tranche) and (<u>ii</u>) does not shorten the maturity of, or reduce the weighted average life to maturity with respect to, such Tranche of Term Loans, only the consent of the requisite percentage in interest of (<u>x</u>) the Lenders holding such Tranche of Term Loans that will continue as a Lender in respect of such Tranche following such Permitted Repricing Amendment and (<u>y</u>) any increasing Lender or Additional Incremental Lender that provides Supplemental Term Loan Commitments to such Tranche of Term Loans substantially concurrently with such Permitted Repricing Amendment, shall be required.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) Notwithstanding anything to the contrary contained herein, the Administrative Agent (or, if applicable, the Collateral Agent) and the Borrower Representative shall be permitted to amend the provision of any Loan Document or enter into any new agreement or instrument, to be consistent with this Agreement and the other Loan Documents to effectuate Subsection 7.9(c) and such amendments, documents and agreements shall become effective without any further action or consent of any other party to any Loan Document. The Lenders hereby expressly authorize the Administrative Agent (or, if applicable, the Collateral Agent) to enter into any amendment to the Loan Documents contemplated by the preceding sentence.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) Notwithstanding anything in this Agreement or the other Loan Documents to the contrary, in connection with any determination as to whether the Required Lenders have (<u>A</u>) consented (or not consented) to any amendment or waiver of any provision of this Agreement or any other Loan Document or any departure by any Loan Party therefrom, (<u>B</u>) otherwise acted on any matter related to any Loan Document, or (<u>C</u>) directed or required the Administrative Agent or any Lender to undertake any action (or refrain from taking any action) with respect to or under any Loan Document, any Lender (alone or together with its Affiliates) (other than (<u>w</u>) any Lender that is a Regulated Bank or an Affiliate of a Regulated Bank, (<u>x</u>) any Revolving Lender or any Affiliate of a Revolving Lender and (<u>y</u>) Ethically Screened Affiliates and (<u>z</u>) any Lender that is a Lead Arranger) that, as a result of its interest in any total return swap, total rate of return swap, credit default swap or other derivative contract (other than any such total return swap, total rate of return swap, credit default swap or other derivative contract entered into pursuant to bona fide market making activities), has a net short position with respect to the Loans and/or Commitments (each, a "<u>Net Short Lender</u>"), without written consent of the Parent Borrower, shall have no right to vote any of its Loans and Commitments and shall be deemed to have voted its interest as a Lender without discretion in the same proportion as the allocation of voting with respect to such matter by Lenders who are not Net Short Lenders. For purposes of determining whether a Lender (other than (<u>w</u>) any Lender that is a Regulated Bank or an Affiliate of a Regulated Bank, (<u>x</u>) any Revolving Lender or any Affiliate of a Revolving Lender, (<u>y</u>) Ethically Screened Affiliates and (<u>z</u>) any Lender that is a Lead Arranger) has a "net short position" on any date of determination: (<u>i</u>) derivative contracts with respect to the Loans and Commitments and such contracts that are the functional equivalent thereof shall be counted at the notional amount thereof in Dollars, (<u>ii</u>) notional amounts in other currencies shall be converted to the Dollar Equivalent thereof by such Lender in a commercially reasonable manner consistent with generally accepted financial practices and based on the prevailing conversion rate (determined on a mid-market basis) on the date of determination, (<u>iii</u>) derivative contracts in respect of an index that includes the Parent Borrower or the other Loan Parties or any instrument issued or guaranteed the Parent Borrower or the other Loan Parties shall not be deemed to create a short position with respect to the Loans and/or Commitments, so long as (<u>x</u>) such index is not created, designed, administered or requested by such Lender or its Affiliates and (<u>y</u>) the Parent Borrower and the other Loan Parties and any instrument issued or guaranteed by the Parent Borrower or the other Loan Parties, collectively, shall represent less than 5% of the components of such index, (<u>iv</u>) derivative transactions that are documented using either the 2014 ISDA Credit Derivatives Definitions or the 2003 ISDA Credit Derivatives Definitions (collectively, the "<u>ISDA CDS Definitions</u>") shall be deemed to create a short position with respect to the Loans and/or Commitments if such Lender (other than (<u>w</u>) any Lender that is a Regulated Bank or an Affiliate of a Regulated Bank, (<u>x</u>) any Revolving Lender or any Affiliate of a Revolving Lender, (<u>y</u>) Ethically Screened Affiliates and (<u>z</u>) any Lender that is a Lead Arranger) is a protection buyer or the equivalent thereof for such derivative transaction and (<u>x</u>) the Loans or the Commitments are a "Reference Obligation" under the terms of such derivative transaction (whether specified by name in the related documentation, included as a "Standard Reference Obligation" on the most recent list published by Markit, if "Standard Reference Obligation" is specified as applicable in the relevant documentation or in any other manner), (<u>y</u>) the Loans or the Commitments would be a "Deliverable Obligation" under the terms of such derivative transaction or (<u>z</u>) the Parent Borrower or the other Loan Parties (or its successor) is designated as a "Reference Entity" under the terms of such derivative transactions, and (<u>v</u>) credit derivative transactions or other derivatives transactions not documented using the ISDA CDS Definitions shall be deemed to create a short position with respect to the Loans and/or Commitments if such transactions are functionally equivalent to a transaction that offers the Lender (other than (<u>w</u>) any Lender that is a Regulated Bank or an Affiliate of a Regulated Bank, (<u>x</u>) any

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Revolving Lender or any Affiliate of a Revolving Lender, (<u>y</u>) Ethically Screened Affiliates and (<u>z</u>) any Lender that is a Lead Arranger) protection in respect of the Loans or the Commitments, or as to the credit quality of the Parent Borrower or the other Loan Parties other than, in each case, as part of an index so long as (<u>x</u>) such index is not created, designed, administered or requested by such Lender (other than (<u>w</u>) any Lender that is a Regulated Bank or an Affiliate of a Regulated Bank, (<u>x</u>) any Revolving Lender or any Affiliate of a Revolving Lender, (<u>y</u>) Ethically Screened Affiliates and (<u>z</u>) any Lender that is a Joint Lead Arranger) and (<u>v</u>) the Parent Borrower and the other Loan Parties and any instrument issued or guaranteed by the Parent Borrower or the other Loan Parties, collectively, shall represent less than 5% of the components of such index. In connection with any such determination, each Lender (other than (<u>w</u>) any Lender that is a Regulated Bank or an Affiliate of a Regulated Bank, (<u>x</u>) any Revolving Lender or any Affiliate of a Revolving Lender, (<u>y</u>) Ethically Screened Affiliates and (<u>z</u>) any Lender that is a Lead Arranger) shall promptly notify the Administrative Agent in writing that it is a Net Short Lender, or shall otherwise be deemed to have represented and warranted to the Parent Borrower and the Administrative Agent that it is not a Net Short Lender (it being understood and agreed that the Parent Borrower and the Administrative Agent shall be entitled to rely on each such representation and deemed representation). The Administrative Agent shall have no duty to inquire as to or investigate the accuracy of such representation or deemed representation or to make any calculations, investigations or determinations with respect to any derivative contracts and/or net short positions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.2 <u>Notices</u>. (a) All notices, requests and demands to or upon the respective parties hereto to be effective shall be in writing (including facsimile or electronic mail), and, unless otherwise expressly provided herein, shall be deemed to have been duly given or made when delivered by hand, or three days after being deposited in the mail, postage prepaid, or, in the case of facsimile notice or electronic mail, when sent (except that, if not given during normal business hours for the recipient, shall be deemed to have been given at the opening of business on the next Business Day), or, in the case of delivery by a nationally recognized overnight courier, when received, addressed as follows in the case of the Borrower Representative, the German Borrower, the Administrative Agent and the Collateral Agent, and as set forth in the administrative questionnaire delivered by such Lender to the Administrative Agent in the case of the Lenders, or to such other address as may be hereafter notified by the respective parties hereto and any future holders of the Loans:

The Borrower Representative: Columbus McKinnon Corporation <br>13320 Ballantyne Corporate Place, Suite D <br>Charlotte, NC 28277 <br>Attention: Greg Rustowicz; Kristy Moser <br>Telephone: 716-689-5442 <br>Email: greg.rustowicz@cmco.com; kristy.Moser@cmco.com

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| | |
|:---|:---|
| With copies (which shall not constitute notice) to: | DLA Piper LLP (US) <br>1251 Avenue of the Americas, 27th Floor <br>New York, NY 10020 <br>Attention: Jamie Knox, Esq. <br>Telephone: (212) 335-4992 <br>Email: jamie.knox@us.dlapiper.com |
| The German Borrower: | Columbus McKinnon EMEA GmbH <br>13320 Ballantyne Corporate Place, Suite D <br>Charlotte, NC 28277 <br>Attention: Greg Rustowicz; Kristy Moser <br>Telephone: 716-689-5442 <br>Email: greg.rustowicz@cmco.com;<br> kristy.Moser@cmco.com |
| With copies (which shall not constitute notice) to: | DLA Piper LLP (US) <br>1251 Avenue of the Americas, 27th Floor <br>New York, NY 10020 <br>Attention: Jamie Knox, Esq. <br>Telephone: (212) 335-4992 <br>Email: jamie.knox@us.dlapiper.com |
| The Administrative Agent/the Collateral Agent: | At the address provided separately to the Borrower Representative |
| With copies (which shall not constitute notice) to: | Simpson Thacher & Bartlett LLP <br>425 Lexington Avenue <br>New York, NY 10017 <br>Attention: William B. Sheehan <br>Telephone: (212) 455-3355 <br>Email: wsheehan@stblaw.com |

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<u>provided</u> that any notice, request or demand to or upon the Administrative Agent or the Lenders pursuant to <u>Subsection 4.2</u>, <u>4.4</u> or <u>4.8</u> shall not be effective until received. Notices delivered through Approved Electronic Platforms or Approved Borrower Portals, to the extent provided in paragraph (h) below, shall be effective as provided in said paragraph (h).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Without in any way limiting the obligation of any Loan Party and its Subsidiaries to confirm in writing any telephonic notice permitted to be given hereunder, the Administrative Agent may prior to receipt of written confirmation act without liability upon the basis of such telephonic notice, believed by the Administrative Agent in good faith to be from a Responsible Officer of a Loan Party.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Loan Documents may be transmitted and/or signed by facsimile or other electronic means (e.g., a "pdf", "tiff" or DocuSign). The effectiveness of any such documents and signatures shall, subject to applicable law, have the same force and effect as manually signed originals and shall be binding on each Loan Party, each Agent and each Lender. The Administrative Agent may also require that any such documents and signatures be confirmed by a manually signed original thereof; <u>provided</u> that the failure to request or deliver the same shall not limit the effectiveness of any facsimile or other electronic document or signature.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Notices and other communications to the Lenders hereunder may be delivered or furnished by electronic communication (including electronic mail and Internet or intranet websites). Notices or communications posted to an Internet or intranet website shall be deemed received upon the posting thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) THE PLATFORM IS PROVIDED "AS IS" AND "AS AVAILABLE." NEITHER THE ADMINISTRATIVE AGENT NOR ANY OF ITS RELATED PARTIES WARRANT THE ACCURACY OR COMPLETENESS OF MATERIALS AND/OR INFORMATION PROVIDED BY OR ON BEHALF OF THE BORROWERS HEREUNDER (THE "BORROWER MATERIALS") OR THE ADEQUACY OF THE PLATFORM, AND EXPRESSLY DISCLAIM LIABILITY FOR ERRORS IN OR OMISSIONS FROM THE BORROWER MATERIALS. NO WARRANTY OF ANY KIND, EXPRESS, IMPLIED OR STATUTORY, INCLUDING ANY WARRANTY OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT OF THIRD PARTY RIGHTS OR FREEDOM FROM VIRUSES OR OTHER CODE DEFECTS, IS MADE BY ANY AGENT PARTY IN CONNECTION WITH THE BORROWER MATERIALS OR THE PLATFORM.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) Each Lender may change its address, email, facsimile or telephone number for notices and other communications hereunder by notice to the Borrower Representative and the Administrative Agent.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) All telephonic notices to and other telephonic communications with the Administrative Agent may be recorded by the Administrative Agent, and each of the parties hereto hereby consents to such recording.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) Notices and other communications to the Borrower Representative, any Loan Party, the Lenders, the Administrative Agent and the Issuing Banks hereunder may be delivered or furnished by using Approved Electronic Platforms or Approved Borrower Portals (as applicable), in each case, pursuant to procedures approved by the Administrative Agent; <u>provided</u> that the foregoing shall not apply to notices pursuant to Article 2 unless otherwise agreed by the Administrative Agent and the applicable Lender. The Administrative Agent or the Borrower Representative may, in its discretion, agree to accept notices and other communications to it hereunder by electronic communications pursuant to procedures approved by it; <u>provided</u> that approval of such procedures may be limited to particular notices or communications.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.3 <u>No Waiver; Cumulative Remedies</u>. No failure to exercise and no delay in exercising, on the part of any Agent, any Lender or any Loan Party, any right, remedy, power or privilege hereunder or under the other Loan Documents shall operate as a waiver thereof; nor shall any single or partial exercise of any right, remedy, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, power or privilege. The rights, remedies, powers and privileges herein provided are cumulative and not exclusive of any rights, remedies, powers and privileges provided by law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.4 <u>Survival of Representations and Warranties</u>. All representations and warranties made hereunder and in the other Loan Documents (or in any amendment, modification or supplement hereto or thereto) and in any certificate delivered pursuant hereto or such other Loan Documents shall survive the execution and delivery of this Agreement and the making of the Loans hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.5 <u>Payment of Expenses and Taxes</u>. The Parent Borrower agrees (<u>a</u>) to pay or reimburse the Agents and the Other Representatives for (<u>1</u>) all their reasonable and documented and invoiced out-of-pocket costs and expenses incurred in connection with (<u>i</u>) the syndication of the Facilities and the development, preparation, execution and delivery of, and any amendment, supplement or modification to, this Agreement and the other Loan Documents and any other documents prepared in connection herewith or therewith, (<u>ii</u>) the consummation and administration of the transactions (including the syndication of the Initial Term Loan Commitments and the Initial Revolving Commitments) contemplated hereby and thereby and (<u>iii</u>) efforts to monitor the Loans and verify, protect, evaluate, assess, appraise, collect, sell, liquidate or otherwise dispose of any of the Collateral in accordance with the terms of the Loan Documents, and (<u>2</u>) the reasonable and documented fees and disbursements of one firm of counsel, solely in its capacity as counsel to the Administrative Agent, and such other special or local counsel (limited to one firm of counsel in each appropriate jurisdiction), consultants, advisors, appraisers and auditors whose retention (other than during the continuance of an Event of Default) is approved by the Borrower Representative, (<u>b</u>) to pay or reimburse each Lender, each Issuing Bank, each Lead Arranger and the Agents for all their reasonable and documented and invoiced out-of-pocket costs and expenses incurred in connection with the enforcement of any rights under this Agreement, the other Loan Documents and any other documents prepared in connection herewith or therewith, including the fees and disbursements of counsel to the Agents (limited to one firm of counsel for the Agents and, if necessary, one firm of local counsel in each appropriate jurisdiction, in each case for the Agents), (<u>c</u>) without duplication of its obligations under Subsection 4.11(a), to pay, indemnify or reimburse each Lender, each Issuing Bank, each Lead Arranger and the Agents for, and hold each Lender, each Issuing Bank, each Lead Arranger and the Agents harmless from, any and all recording and filing fees and any and all liabilities with respect to, or resulting from any delay in paying, any Other Taxes, if any, which may be payable or determined to be payable in connection with the execution, delivery or enforcement of, or consummation or administration of any of the transactions contemplated by, or any amendment, supplement or modification of, or any waiver or consent under or in respect of, this Agreement, the other Loan Documents and any such other documents, and (<u>d</u>) to pay, indemnify or reimburse each Lender, each Issuing Bank, each Lead Arranger, each Agent (and any sub-agent thereof) and each Related Party of any of the foregoing Persons (each, an "<u>Indemnitee</u>") for, and hold each Indemnitee harmless from and against, any and all other liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever (in the case of fees and disbursements of counsel, limited to one firm of counsel for all Indemnitees and, if necessary, one firm of local counsel in each

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appropriate jurisdiction, in each case for all Indemnitees (and, in the case of an actual or perceived conflict of interest where the Indemnitee affected by such conflict informs the Borrower Representative of such conflict and thereafter, after receipt of the Borrower Representative's consent (which shall not be unreasonably withheld), retains its own counsel, of another firm of counsel for such affected group of Indemnitees)) arising out of or relating to any actual or prospective claim, litigation, investigation or proceeding, whether based on contract, tort or any other theory, brought by a third party or by any Borrower or any other Loan Party and regardless of whether any Indemnitee is a party thereto, with respect to the execution, delivery, enforcement, performance and administration of this Agreement, the other Loan Documents and any such other documents, including any of the foregoing relating to the use of proceeds of the Loans or Letters of Credit (including any refusal by an Issuing Bank to honor a demand for payment under a Letter of Credit if the documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit), the violation of, noncompliance with or liability under, any Environmental Law applicable to the operations of the Parent Borrower or any of its Restricted Subsidiaries or any of the property of the Parent Borrower or any of its Restricted Subsidiaries (all the foregoing in this clause (d), collectively, the "<u>Indemnified Liabilities</u>"), <u>provided</u> that the Parent Borrower shall not have any obligation hereunder to any Lead Arranger, any Other Representative, any Agent (or any sub-agent thereof), any Issuing Bank or any Lender (or any Related Party of any such Lead Arranger, Other Representative, Agent (or any sub-agent thereof), Issuing Bank or Lender) with respect to Indemnified Liabilities arising from (<u>i</u>) the gross negligence, bad faith or willful misconduct of such Lead Arranger, Other Representative, Agent (or any sub-agent thereof), Issuing Bank or Lender (or any Related Party of such Lead Arranger, Other Representative, Agent (or any sub-agent thereof), Issuing Bank or Lender), as the case may be, as determined by a court of competent jurisdiction in a final and non-appealable decision, (<u>ii</u>) a material breach of the Loan Documents by such Lead Arranger, Other Representative, Agent (or any sub-agent thereof), Issuing Bank or Lender (or any Related Party of such Lead Arranger, Other Representative, Agent (or any sub-agent thereof), Issuing Bank or Lender), as the case may be, as determined by a court of competent jurisdiction in a final and non-appealable decision, (<u>iii</u>) claims against such Indemnitee or any Related Party brought by any other Indemnitee that do not involve claims against any Lead Arranger or Agent in its capacity as such or (<u>iv</u>) any agreement governing any settlement of claims that is effected without the Borrower Representative's prior written consent (such consent not to be unreasonably withheld). Neither any Borrower nor any Indemnitee shall be liable for any indirect, special, punitive or consequential damages hereunder; <u>provided</u> that nothing contained in this sentence shall limit the Parent Borrower's indemnity or reimbursement obligations under this <u>Subsection 11.5</u> to the extent such indirect, special, punitive or consequential damages are included in any third party claim in connection with which such Indemnitee is entitled to indemnification hereunder. All amounts due under this <u>Subsection 11.5</u> shall be payable not later than 30 days after written demand therefor. Statements reflecting amounts payable by the Loan Parties pursuant to this <u>Subsection 11.5</u> shall be submitted to the address of the Borrower Representative set forth in <u>Subsection 11.2</u>, or to such other Person or address as may be hereafter designated by the Borrower Representative in a notice to the Administrative Agent. Notwithstanding the foregoing, except as provided in <u>Subsections 11.5(b)</u> and <u>(c)</u> above, the Parent Borrower shall have no obligation under this <u>Subsection 11.5</u> to any Indemnitee with respect to any tax, levy, impost, duty, charge, fee, deduction or withholding imposed, levied, collected, withheld or assessed by any Governmental Authority. The agreements in this <u>Subsection 11.5</u> shall survive repayment of the Loans and all other amounts payable hereunder.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.6 <u>Successors and Assigns; Participations and Assignments</u>. (a) The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns permitted hereby, except that (<u>i</u>) other than in accordance with <u>Subsection 8.7</u>, no Borrower shall assign or otherwise transfer any of its rights or obligations hereunder without the prior written consent of each Lender (and any attempted assignment or transfer by any Borrower without such consent shall be null and void) and (<u>ii</u>) no Lender may assign or otherwise transfer its rights or obligations hereunder except in accordance with <u>Subsection 2.10(e)</u>, <u>Subsection 4.13(d)</u>, <u>Subsection 4.14(c)</u>, <u>Subsection 11.1(g)</u> or this <u>Subsection 11.6</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) (i) Subject to the conditions set forth in <u>Subsection 11.6(b)(ii)</u> below, any Lender other than a Conduit Lender may, in the ordinary course of business and in accordance with applicable law, assign (other than to a Disqualified Party or any natural person) to one or more assignees (each, an "<u>Assignee</u>") all or a portion of its rights and obligations under this Agreement (including its Commitments and/or Loans, pursuant to an Assignment and Acceptance) with the prior written consent of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A) the Borrower Representative (in the case of an assignment of (<u>i</u>) Revolving Commitments to an Approved Commercial Bank or (<u>ii</u>) of Term Loans, in each case, such consent not to be unreasonably withheld); <u>provided</u> that the Borrower Representative shall be deemed to have consented to any such assignment unless it shall have objected thereto by written notice to the Administrative Agent within ten (10) Business Days after having received notice thereof; <u>provided</u> that no consent of the Borrower Representative shall be required for an assignment (<u>x</u>) to a Lender, an Affiliate of a Lender or an Approved Fund; <u>provided</u> that if any Lender assigns all or a portion of its rights and obligations with respect to the Term Loans under this Agreement to one of its Affiliates in connection with or in contemplation of the sale or other disposition of its interest in such Affiliate, the Borrower Representative's prior written consent shall be required for such assignment and (<u>y</u>) if an Event of Default under <u>Subsection 9.1(a)</u> or <u>(f)</u> with respect to the Parent Borrower has occurred and is continuing, to any other Person;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) the Administrative Agent (such consent not to be unreasonably withheld); <u>provided</u> that no consent of the Administrative Agent shall be required for an assignment to a Lender, an Affiliate of a Lender or an Approved Fund; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(C) in the case of an assignment of Revolving Commitments, any Issuing Bank and the Swing Line Lender (in the case of an assignment of Revolving Commitments to an Approved Commercial Bank, such consent not to be unreasonably withheld).

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Assignments shall be subject to the following additional conditions:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A) except in the case of an assignment to a Lender, an Affiliate of a Lender or an Approved Fund or an assignment of the entire remaining amount of the assigning Lender's Commitments or Loans under any Facility, the amount of the Commitments or Loans (or, in the case of Revolving Loans denominated in a Designated Foreign Currency, the Dollar Equivalent of the amount of such Loans) of the assigning Lender subject to each such assignment (determined as of the Trade Date) shall be in an amount of not less than (<u>x</u>) $1,000,000 (or the Dollar Equivalent thereof) in the case of Term Loans denominated in Dollars and (<u>y</u>) $5,000,000 (or the Dollar Equivalent thereof) in the case of Revolving Loans and Revolving Commitments, in each case unless the Borrower Representative and the Administrative Agent otherwise consent, <u>provided</u> that (<u>1</u>) no such consent of the Borrower Representative shall be required if an Event of Default under <u>Subsection 9.1(a)</u> or <u>(f)</u> with respect to the Parent Borrower has occurred and is continuing and (<u>2</u>) such amounts shall be aggregated in respect of each Lender and its Affiliates or Approved Funds, if any;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) the parties to each assignment shall execute and deliver to the Administrative Agent an Assignment and Acceptance, together with a processing and recordation fee of $3,500 (unless waived by the Administrative Agent in any given case);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(C) the Assignee, if it shall not be a Lender, shall deliver to the Administrative Agent an administrative questionnaire; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(D) any Term Loans acquired by the Parent Borrower or any Restricted Subsidiary shall be retired and cancelled promptly upon acquisition thereof.

For the purposes of this <u>Subsection 11.6</u>, the term "<u>Approved Fund</u>" has the following meaning: "Approved Fund" means any Person (other than a natural person) that is engaged in making, purchasing, holding or investing in bank loans and similar extensions of credit in the ordinary course and that is administered or managed by (<u>a</u>) a Lender, (<u>b</u>) an Affiliate of a Lender or (<u>c</u>) an entity or an Affiliate of an entity that administers or manages a Lender. Notwithstanding the foregoing, no Lender shall be permitted to make assignments under this Agreement to any Disqualified Party, except to the extent the Borrower Representative has consented to such assignment in writing and any such assignment and Disqualified Party shall be subject to the provisions of <u>Subsection 11.6(k)</u>, except to the extent the Borrower Representative has otherwise expressly consented in writing.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) Subject to acceptance and recording thereof pursuant to clause (b)(iv) below, from and after the effective date specified in each Assignment and Acceptance the Assignee thereunder shall be a party hereto and, to the extent of the interest assigned by such Assignment and Acceptance, have the rights and obligations of a Lender under this Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned by such Assignment and Acceptance, be released from its obligations under this Agreement (and, in the case of an Assignment and Acceptance covering all of the assigning Lender's rights and obligations under this Agreement, such Lender shall cease to be a party hereto but shall continue to be entitled to the benefits of (and bound by any related obligations under) <u>Subsections 4.10</u>, <u>4.11</u>, <u>4.12</u>, <u>4.13</u> and <u>11.5</u>, and bound by its continuing obligations under <u>Subsection 11.6(k)</u>, <u>Subsection 11.16</u>. Any assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply with <u>Subsection 2.10(e)</u>, <u>Subsection 4.13(d)</u>, <u>Subsection 4.14(c)</u>, <u>Subsection 11.1(g)</u> or this <u>Subsection 11.6</u> shall, to the extent it would comply with <u>Subsection 11.6(c)</u>, be treated for purposes of this Agreement as a sale by such Lender of a participation in such rights and obligations in accordance with clause (c) of this <u>Subsection 11.6</u> (and any attempted assignment, transfer or participation which does not comply with this <u>Subsection 11.6</u> shall be null and void).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) The Borrowers hereby designate the Administrative Agent, and the Administrative Agent agrees, to serve as the Borrowers' non-fiduciary agent, solely for purposes of this <u>Subsection 11.6</u>, to maintain at one of its offices in New York, New York, a copy of each Assignment and Acceptance delivered to it and a register for the recordation of the names and addresses of the Lenders, and the Commitments of, and interest and principal amount of the Loans owing to, each Lender pursuant to the terms hereof from time to time (the "<u>Register</u>"). The entries in the Register shall be conclusive absent manifest error, and the Borrowers, the Administrative Agent and the Lenders shall treat each Person whose name is recorded in the Register pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreement, notwithstanding notice to the contrary. The Register shall be available for inspection by the Borrowers (and, solely with respect to entries applicable to such Lender, any Lender), at any reasonable time and from time to time upon reasonable prior notice. This <u>Subsection 11.6(b)(iv)</u> and the Participant Register shall be construed so that the Loans and Commitments are at all times maintained in "registered form" within the meaning of Code Sections 163(f), 871(h)(2), and 881(c)(2) and any related United States Treasury Regulations (or any other relevant or successor provisions of the Code or of such United States Treasury Regulations).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) Each Lender that sells a participation shall, acting for itself and, solely for this purpose, as non-fiduciary agent of the Borrowers, maintain a register on which it enters the name and address of each Participant and the principal amounts (and stated interest) of each Participant's interest in the Loans, Commitments or other obligations under the Loan Documents (the "<u>Participant Register</u>"); <u>provided</u> that no Lender shall have any obligation to disclose all or any portion of the Participant Register to any Person (including the identity of any Participant or any information relating to a Participant's interest in any commitments, loans, letters of credit or its other obligations under any Loan Document) except to the extent that such disclosure is necessary (<u>x</u>) to establish that such commitment, loan, letter of credit or other obligation is in registered form under Section 5f.103-1(c) of the United States Treasury Regulations or Proposed Section 1.163-5(d) of the United States Treasury Regulations

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(or, in each case, any amended or successor version) or (<u>y</u>) for any Borrower to enforce its rights hereunder. The entries in the Participant Register shall be conclusive absent manifest error, and a 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) Upon its receipt of a duly completed Assignment and Acceptance executed by an assigning Lender (unless such assignment is being made in accordance with <u>Subsection 2.10(e)</u>, <u>Subsection 4.13(d)</u>, <u>Subsection 4.14(c),</u> <u>Subsection 11.1(g)</u>, <u>Subsection 11.6(f)</u> or <u>Subsection 11.6(k)(iv)</u> in which case the effectiveness of such Assignment and Acceptance shall not require execution by the assigning Lender) and an Assignee, the Assignee's completed administrative questionnaire (unless the Assignee shall already be a Lender hereunder), the processing and recordation fee referred to in this <u>Subsection 11.6(b)</u> and any written consent to such assignment required by this <u>Subsection 11.6(b)</u>, the Administrative Agent shall accept such Assignment and Acceptance, record the information contained therein in the Register and give prompt notice of such assignment and recordation to the Borrower Representative. No assignment shall be effective for purposes of this Agreement unless it has been recorded in the Register as provided in this clause (vi).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) On or prior to the effective date of any assignment pursuant to this <u>Subsection 11.6(b)</u>, the assigning Lender shall surrender to the Administrative Agent any outstanding Notes held by it evidencing the Loans or Commitments, as applicable, which are being assigned. Any Notes surrendered by the assigning Lender shall be returned by the Administrative Agent to the Borrower Representative marked "cancelled."

Notwithstanding the foregoing provisions of this <u>Subsection 11.6(b)</u> or any other provision of this Agreement, if the Borrower Representative shall have consented thereto in writing in its sole discretion, the Administrative Agent shall have the right, but not the obligation, to effectuate assignments of Loans, Incremental Commitments, Initial Term Loan Commitments and Revolving Commitments via an electronic settlement system acceptable to Administrative Agent and the Borrower Representative as designated in writing from time to time to the Lenders by Administrative Agent (the "<u>Settlement Service</u>"). At any time when the Administrative Agent elects, in its sole discretion, to implement such Settlement Service, each such assignment shall be effected by the assigning Lender and proposed Assignee pursuant to the procedures then in effect under the Settlement Service, which procedures shall be subject to the prior written approval of the Borrower Representative and shall be consistent with the other provisions of this <u>Subsection 11.6(b)</u>. Each assigning Lender and proposed Assignee shall comply with the requirements of the Settlement Service in connection with effecting any assignment of Loans and Commitments pursuant to the Settlement Service. Assignments and assumptions of Loans and Commitments shall be effected by the provisions otherwise set forth herein until the Administrative Agent notifies the Lenders of the Settlement Service as set forth herein. The Borrower Representative may withdraw its consent to the use of the Settlement Service at any time upon notice to the Administrative Agent, and thereafter assignments and assumptions of the Loans and Commitments shall be effected by the

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provisions otherwise set forth herein. Notwithstanding the foregoing, it is understood and agreed that the Administrative Agent shall have the right, but not the obligation, to effectuate assignments of Loans and Commitments via the Clearpar electronic settlement system pursuant to procedures consistent with this <u>Subsection 11.6(b)</u>, including execution and delivery of the Assignment and Acceptance (it being understood that such execution and delivery may be by way of electronic signature) by the parties to the assignment.

Furthermore, no Assignee, which as of the date of any assignment to it pursuant to this <u>Subsection 11.6(b)</u> would be entitled to receive any greater payment under <u>Subsection 4.10</u>, <u>4.11</u>, <u>4.12</u> or <u>11.5</u> than the assigning Lender would have been entitled to receive as of such date under such Subsections with respect to the rights assigned shall notwithstanding anything to the contrary in this Agreement be entitled to receive such greater payments unless the assignment was made after an Event of Default under <u>Subsection 9.1(a)</u> or <u>(f)</u> has occurred and is continuing or the Borrower Representative has expressly consented in writing to waive the benefit of this provision at the time of such assignment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) (i) Any Lender other than a Conduit Lender may, in the ordinary course of its business and in accordance with applicable law, without the consent of the Borrower Representative or the Administrative Agent, sell participations (other than to any Disqualified Party or a natural person) to one or more banks or other entities (a "<u>Participant</u>") in all or a portion of such Lender's rights and obligations under this Agreement (including all or a portion of its Initial Term Loan Commitments, Incremental Commitments, Extended Revolving Commitments, Revolving Commitments and the Loans owing to it); <u>provided</u> that (<u>A</u>) such Lender's obligations under this Agreement shall remain unchanged, (<u>B</u>) such Lender shall remain solely responsible to the other parties hereto for the performance of such obligations, (<u>C</u>) such Lender shall remain the holder of any such Loan for all purposes under this Agreement and the other Loan Documents, (<u>D</u>) the Borrowers, the Administrative Agent and the Lenders shall continue to deal solely and directly with such Lender in connection with such Lender's rights and obligations under this Agreement and (<u>E</u>) prior to selling any participation in any Revolving Commitments, such Lender shall have provided the Borrower Representative with not less than five Business Days' advance notice of such sale. Any agreement pursuant to which a Lender sells such a participation shall provide that such Lender shall retain the sole right to enforce this Agreement and to approve any amendment, supplement, modification or waiver of any provision of this Agreement; <u>provided</u> that such agreement may provide that such Lender will not, without the consent of the Participant, agree to any amendment, supplement, modification or waiver that (<u>1</u>) requires the consent of each Lender directly affected thereby pursuant to clause (i) or (iii) of the second proviso to the second sentence of <u>Subsection 11.1(a)</u> and (<u>2</u>) directly affects such Participant. Subject to <u>Subsection 11.6(c)(ii)</u>, the Borrowers agree that each Participant shall be entitled to the benefits of (and shall have the related obligations under) <u>Subsections 4.10</u>, <u>4.11</u>, <u>4.12</u>, <u>4.13</u> and <u>11.5</u> to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to <u>Subsection 11.6(b)</u>. To the extent permitted by law, each Participant also

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shall be entitled to the benefits of <u>Subsection 11.7(b)</u> as though it were a Lender, <u>provided</u> that such Participant shall be subject to <u>Subsection 11.7(a)</u> as though it were a Lender. Notwithstanding the foregoing, no Lender shall be permitted to sell or maintain a participation under this Agreement to or with any Disqualified Party and any participation to a Person that is or at any time becomes a Disqualified Party shall be null and void, except to the extent the Borrower Representative has expressly consented to such participation in writing; <u>provided</u> that if any such participation by a Lender is subject to a sub-participation by such Disqualified Party to a Person that is not a Disqualified Party or natural person, and such sub-participation if made as a participation directly by such Lender would comply with <u>Subsection 11.6</u>, such sub-participant shall have the right to assume all of the rights and obligations of such Disqualified Party under such participation and thereby become a Participant hereunder in substitution for such Disqualified Party (it being understood that such sub-participant shall, prior to the effectiveness of such assumption, provide to such Lender that sold or maintained such participation all documentation and information as is reasonably required by such Lender pursuant to "know your customer" and anti-money laundering rules and regulations and execute and deliver an appropriate assumption agreement to effect such substitution on terms and conditions mutually agreed between such sub-participant and such Lender, and such Disqualified Party shall thereupon be deemed to have executed and delivered such assumption agreement). Any such participation and Disqualified Party not permitted prior to the foregoing sentence shall be subject to the provisions of <u>Subsection 11.6(k)</u>, except to the extent the Borrower Representative has otherwise expressly consented in writing. Any attempted participation which does not comply with <u>Subsection 11.6</u> shall be null and void.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) No Loan Party shall be obligated to make any greater payment under <u>Subsection 4.10</u>, <u>4.11</u> or <u>11.5</u> than it would have been obligated to make in the absence of any participation, unless the sale of such participation is made with the prior written consent of the Borrower Representative and the Borrower Representative expressly waives the benefit of this provision at the time of such participation or such entitlement to receive a greater payment results from a Change in Law that occurs after the Participant acquired the applicable participation. Any Participant that is not incorporated under the laws of the United States of America or a state thereof shall not be entitled to the benefits of <u>Subsection 4.11</u> unless such Participant complies with <u>Subsection 4.11(b)</u> and provides the forms and certificates referenced therein to the Lender that granted such participation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Any Lender, without the consent of the Borrower Representative or the Administrative Agent, may at any time pledge or assign a security interest in all or any portion of its rights under this Agreement to secure obligations of such Lender, including any pledge or assignment to secure obligations to a Federal Reserve Bank, a central bank of a member state of the European Union or any other central bank, and this <u>Subsection 11.6</u> shall not apply to any such pledge or assignment of a security interest; <u>provided</u> that no such pledge or assignment of a security interest shall release a Lender from any of its obligations hereunder or substitute (by foreclosure or otherwise) any such pledgee or Assignee for such Lender as a party hereto.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) No assignment or participation made or purported to be made to any Assignee or Participant shall be effective without the prior written consent of the Borrower Representative if it would require any Borrower to make any filing with any Governmental Authority or qualify any Loan or Note under the laws of any jurisdiction, and the Borrower Representative shall be entitled to request and receive such information and assurances as it may reasonably request from any Lender or any Assignee or Participant to determine whether any such filing or qualification is required or whether any assignment or participation is otherwise in accordance with applicable law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) Notwithstanding the foregoing, any Conduit Lender may assign any or all of the Loans it may have funded hereunder to its designating Lender without the consent of the Borrower Representative or the Administrative Agent and without regard to the limitations set forth in <u>Subsection 11.6(b)</u>. Each Borrower, each Lender and the Administrative Agent hereby confirms that it will not institute against a Conduit Lender or join any other Person in instituting against a Conduit Lender any domestic or foreign bankruptcy, reorganization, arrangement, insolvency or liquidation proceeding under any state, federal or provincial bankruptcy or similar law, for one year and one day after the payment in full of the latest maturing commercial paper note issued by such Conduit Lender; <u>provided</u>, <u>however</u>, that each Lender designating any Conduit Lender hereby agrees to indemnify, save and hold harmless each other party hereto for any loss, cost, damage or expense arising out of its inability to institute such a proceeding against such Conduit Lender during such period of forbearance. Each such indemnifying Lender shall pay in full any claim received from each such Borrower pursuant to this <u>Subsection 11.6(f)</u> within 30 Business Days of receipt of a certificate from a Responsible Officer of the Borrower Representative specifying in reasonable detail the cause and amount of the loss, cost, damage or expense in respect of which the claim is being asserted, which certificate shall be conclusive absent manifest error. Without limiting the indemnification obligations of any indemnifying Lender pursuant to this <u>Subsection 11.6(f)</u>, in the event that the indemnifying Lender fails timely to compensate each such Borrower for such claim, any Loans held by the relevant Conduit Lender shall, if requested by the Borrower Representative, be assigned promptly to the Lender that administers the Conduit Lender and the designation of such Conduit Lender shall be void.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) If the Borrower Representative wishes to replace the Loans under any Facility with ones having different terms, it shall have the option, with the consent of the Administrative Agent and subject to at least three Business Days' (or such shorter period as agreed to by the Administrative Agent in its reasonable discretion) advance notice to the Lenders under such Facility, instead of prepaying the Loans to be replaced, to (<u>i</u>) require the Lenders under such Facility to assign such Loans to the Administrative

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Agent or its designees and (<u>ii</u>) amend the terms thereof in accordance with <u>Subsection 11.1</u>. Pursuant to any such assignment, all Loans to be replaced shall be purchased at par (allocated among the Lenders under such Facility in the same manner as would be required if such Loans were being optionally prepaid by the Borrowers), accompanied by payment of any accrued interest and fees thereon and any amounts owing pursuant to <u>Subsection 4.12</u>. By receiving such purchase price, the Lenders under such Facility shall automatically be deemed to have assigned the Loans under such Facility pursuant to the terms of the form of the Assignment and Acceptance, the Administrative Agent shall record such assignment in the Register and accordingly no other action by such Lenders shall be required in connection therewith. The provisions of this clause (g) are intended to facilitate the maintenance of the perfection and priority of existing security interests in the Collateral during any such replacement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) (i) Notwithstanding anything to the contrary contained herein, (<u>x</u>) any Lender may, at any time, assign all or a portion of its rights and obligations under this Agreement in respect of its Loans or Commitments to the Parent Borrower or any Subsidiary and (<u>y</u>) the Parent Borrower and any Subsidiary may, from time to time, purchase or prepay Loans, in each case, on a non-pro rata basis through (<u>1</u>) Dutch auction procedures open to all applicable Lenders on a pro rata basis in accordance with customary procedures to be agreed between the Borrower Representative and the Administrative Agent (or other applicable agent managing such auction); <u>provided</u> that (<u>A</u>) any such Dutch auction by the Parent Borrower or its Subsidiaries shall be made in accordance with <u>Subsection 4.4(l)</u> or (<u>2</u>) open market or other privately negotiated purchases; <u>provided</u> <u>further</u> that any such Term Loans acquired by the Parent Borrower or a Restricted Subsidiary shall be retired or cancelled promptly upon the acquisition thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Each Lender making an assignment to Parent Borrower or any Subsidiary acknowledges and agrees that in connection with such assignment, (<u>1</u>) such Lender has independently and, without reliance on the Parent Borrower, any of its Subsidiaries, the Administrative Agent or any of their respective Affiliates, has made its own analysis and determination to enter into such assignment notwithstanding such Lender's lack of knowledge of any Excluded Information and (<u>2</u>) none of the Parent Borrower, its Subsidiaries, the Administrative Agent, or any of their respective Affiliates shall have any liability to such Lender, and such Lender hereby waives and releases, to the extent permitted by law, any claims such Lender may have against the Parent Borrower, its Subsidiaries, the Administrative Agent, and their respective Affiliates, under applicable laws or otherwise, with respect to the nondisclosure of the Excluded Information. Each Lender entering into such an assignment further acknowledges that the Excluded Information may not be available to the Administrative Agent or the other Lenders.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) [Reserved].

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) Notwithstanding the foregoing provisions of this <u>Subsection 11.6</u>, nothing in this <u>Subsection 11.6</u> is intended to or should be construed to limit the Borrowers' right to prepay the Loans as provided hereunder, including under <u>Subsection 4.4</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) (i) Notwithstanding anything contained in this Agreement or any other Loan Document to the contrary, if any Lender or Participant at any time is or becomes a Disqualified Party, then for so long as such Lender or Participant shall be a Disqualified Party, the provisions of this <u>Subsection 11.6(k)</u> shall apply with respect to such Disqualified Party unless the Borrower Representative shall have otherwise expressly consented in writing in its sole discretion (and regardless of whether the Borrower Representative shall have consented to any assignment or participation to such Lender or Participant).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Any Disqualified Party shall be bound by the provisions of, but shall not have any rights or remedies or be a beneficiary (whether as a Lender, a Participant or otherwise) under or with respect to, this Agreement or any other Loan Document. Without limiting the foregoing, a Disqualified Party (<u>1</u>) shall not be entitled to and shall have no right to receive any payment in respect of principal (other than with respect to payments of principal on the Maturity Date for the applicable Tranche), interest, fees, costs, expenses or any other amount under or in respect of any Loan Document, including but not limited to pursuant to <u>Subsection 2.2</u>, <u>2.6(c)</u>, <u>4.1</u>, <u>4.4</u>, <u>4.5</u>, <u>4.8</u>, <u>4.10</u>, <u>4.11</u>, <u>4.12</u>, <u>11.5</u>, <u>11.6(c)</u> or <u>11.7</u> of this Agreement, Subsection 9.4 of the Guarantee and Collateral Agreement or any similar provision of any Foreign Security Document or any other Loan Document, and (<u>2</u>) shall be deemed not to be (<u>w</u>) a Secured Party (as defined in the Guarantee and Collateral Agreement or any other applicable Foreign Security Document or other Security Document) under or in respect of any Loan Document, (<u>x</u>) an Original First Lien Creditor (as defined in the Intercreditor Agreement) under or in respect of such Intercreditor Agreement or (<u>y</u>) the analogous party under or in respect of any Other Intercreditor Agreement. No fees or interest shall accrue for the account of a Disqualified Party (except solely for interest payable to a permitted assignee thereof following an assignment to such assignee (<u>1</u>) pursuant to and as expressly provided in <u>Subsection 11.6(b)</u> and (<u>2</u>) pursuant to and as expressly provided in <u>Subsection 11.6(k)(iv)</u> below).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) No Disqualified Party shall have any right to approve, disapprove or consent to any amendment, supplement, waiver or modification of this Agreement or any other Loan Document or any term hereof or thereof. In determining whether the requisite Lender or Lenders have consented to any such amendment, supplement, waiver or modification, and in determining the Required Lenders, the Required Revolving Lenders or the Required Majority in Interest Lenders for any purpose under or in respect of any Loan Document, any Lender that is a Disqualified Party (and the Loans, Commitments and/or interests in L/C-B/A Obligations of such Disqualified Party) shall be excluded and disregarded. Each such amendment, supplement, waiver or modification shall be binding and effective as to each Disqualified Party.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) The Borrower Representative shall have the right (<u>A</u>) at the sole expense of any Lender that is a Disqualified Party and/or the Person that assigned its Commitments and/or Loans to such Disqualified Party, to seek to replace or terminate such Disqualified Party as a Lender by causing such Lender to (and such Lender shall be obligated to) assign any or all of its Commitments and/or Loans and its rights and obligations under this Agreement to one or more assignees (which may, at the Borrower Representative's sole option, be or include the Parent Borrower or any Subsidiary); <u>provided</u> that (<u>1</u>) the Administrative Agent shall not have any obligation to the Borrower Representative to find such a replacement Lender, (<u>2</u>) the Borrower Representative shall not have any obligation to such Disqualified Party or any other Person to find such a replacement Lender or accept or consent to any such assignment to itself or any other Person and (<u>3</u>) the assignee (or, at its option, the Borrower Representative) shall pay to such Disqualified Party concurrently with such assignment an amount (which payment shall be deemed payment in full) equal to the lesser of (<u>x</u>) the face principal amount of the Loans so assigned, (<u>y</u>) the amount that such Disqualified Party paid to acquire such Commitments and/or Loans, and (<u>z</u>) the most recently available quoted price for such Commitments and/or Loans (as determined by the Borrower Representative in good faith, which determination shall be conclusive, the "<u>Trading Price</u>"), in each case without interest thereon (it being understood that if the effective date of such assignment is not an Interest Payment Date, such assignee shall be entitled to receive on the next succeeding Interest Payment Date interest on the principal amount of the Loans so assigned that has accrued and is unpaid from the Interest Payment Date last preceding such effective date (except as may be otherwise agreed between such assignee and the Borrower Representative)), or (<u>B</u>) to prepay any Loans held by such Disqualified Party, in whole or in part, by paying an amount (which payment shall be deemed payment in full) equal to the lesser of (<u>x</u>) the face principal amount of the Loans so prepaid, (<u>y</u>) the amount that such Disqualified Party paid to acquire such Loans, and (<u>z</u>) the Trading Price for such Loans (in each case without interest thereon), and if applicable, terminate the Commitments of such Disqualified Party, in whole or in part (<u>provided</u> that, in the case of any Disqualified Party pursuant to clause (iii)(c) of the definition thereof, each Participant that has a participation in the Commitments and/or Loans of such Disqualified Party shall be provided a bona fide and reasonable opportunity to be assigned the Commitments and/or Loans in accordance with clause (A) above in an aggregate amount equal to no less than the aggregate principal amount of such participation). In connection with any such replacement, (<u>1</u>) if the Disqualified Party does not execute and deliver to the Administrative Agent a duly completed Assignment and Acceptance and/or any other documentation necessary or appropriate (in the good faith determination of the Administrative Agent or the Borrower Representative, which determination shall be conclusive) to reflect such replacement by the later of (<u>a</u>) the date on which the replacement Lender executes and delivers such Assignment and Acceptance and/or such other documentation and (<u>b</u>) the date as of which the Disqualified Party shall be paid by the assignee Lender (or, at its option, the Borrower Representative) the amount required pursuant to this <u>Subsection 11.6(k)(iv)(B)</u>, then such Disqualified Party shall be deemed to have executed and delivered such Assignment and Acceptance and/or such other documentation as of such date and the Borrower Representative shall be entitled (but not obligated) to execute and deliver such Assignment and Acceptance and/or such other documentation on behalf of such Disqualified Party, and the Administrative

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Agent shall record such assignment in the Register, (<u>2</u>) each Lender (whether or not then a party hereto) agrees to disclose to the Borrower Representative the amount that the applicable Disqualified Party paid to acquire Commitments and/or Loans from such Lender and (<u>3</u>) each Lender that is a Disqualified Party agrees to disclose to the Borrower Representative the amount it paid to acquire the Commitments and/or Loans held by it.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) No Disqualified Party (whether as a Lender, a Participant or otherwise) shall have any right to (<u>A</u>) receive any information or material made available to any Lender or the Administrative Agent hereunder or under any other Loan Document, (<u>B</u>) have access to any Internet or intranet website to which any of the Lenders and the Administrative Agent have access (whether a commercial, third-party or other website or whether sponsored by the Administrative Agent, any Borrower or otherwise), (<u>C</u>) attend (including by telephone) or otherwise participate in any meeting or discussions (or portions thereof) among or with any of the Borrowers, the Administrative Agent and/or one or more Lenders, (<u>D</u>) receive any information or material prepared by any Borrower, the Administrative Agent and/or one or more Lenders or (<u>E</u>) receive advice of counsel to the Administrative Agent, the Collateral Agent or any other Lender or challenge their attorney client privilege. Any Disqualified Party shall not solicit or seek to obtain any such information or material. If at any time any Disqualified Party receives or possesses any such information or material, such Disqualified Party shall (<u>1</u>) notify the Borrower Representative as soon as possible that such information or material has become known to it or came into its possession, (<u>2</u>) immediately return to the Borrower Representative or, at the option of the Borrower Representative, destroy (and confirm to the Borrower Representative such destruction) such information or material, together with any notes, analyses, compilations, forecasts, studies or other documents related thereto which it or its advisors prepared and (<u>3</u>) keep such information or material confidential and shall not utilize such information or material for any purpose. Each Lender (whether or not then a party hereto) agrees to notify the Borrower Representative as soon as possible if it becomes aware that (<u>x</u>) it made an assignment to or has a participation with a Disqualified Party or (<u>y</u>) any such Disqualified Party has received any such information of materials.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) The rights and remedies of the Borrower Representative provided herein are cumulative and are not exclusive of any other rights and remedies provided to the Borrower Representative or any Borrower at law or in equity, and each of the Borrower Representative and the Borrowers shall be entitled to pursue any remedy available to it against any Lender that has (or has purported to have) made an assignment or sold or maintained a participation to or with a Disqualified Party or against any Disqualified Party. In no event shall the Administrative Agent be obligated to ascertain, monitor or inquire as to whether (<u>x</u>) any Lender is a Net Short Lender or (<u>y</u>) any prospective assignee pursuant to <u>Subsection 11.6(b)</u> is a Disqualified Party or have any liability with respect to or arising out of any assignment or participation of Loans by the Lenders or disclosure of confidential information by the Lenders, in each case, to any Disqualified Party; <u>provided</u> that, unless the Borrower Representative has consented to an assignment to an applicable Disqualified Party, this sentence shall not relieve the Administrative Agent of any liability arising from the bad faith, gross negligence or willful misconduct of the Administrative Agent (as determined by a court of competent jurisdiction in a final and non-appealable decision).

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) Notwithstanding any other provision of this Agreement, any other Loan Document, any Assignment and Acceptance or any other document, the provisions of this <u>Subsection</u> <u>11.6(k)</u> shall apply and survive with respect to each Lender, Participant and Disqualified Party notwithstanding that any such Person may have ceased to be a Lender or Participant (or any purported participation to any such Disqualified Party shall be void) hereunder or this Agreement may have been terminated.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.7 <u>Adjustments; Set-off; Calculations; Computations.</u> (a) If any Lender (a "<u>Benefited Lender</u>") shall at any time receive any payment of all or part of its Loans, or interest thereon, or receive any collateral in respect thereof (whether voluntarily or involuntarily, by set-off, pursuant to events or proceedings of the nature referred to in <u>Subsection 9.1(f)</u>, or otherwise (except pursuant to <u>Subsection 2.8</u>, <u>2.9</u>, <u>2.10</u>, <u>2.11</u>, <u>4.4</u>, <u>4.5(b)</u>, <u>4.9</u>, <u>4.10</u>, <u>4.11</u>, <u>4.12</u>, <u>4.13(d)</u>, <u>4.14</u>, <u>11.1(g)</u> or <u>11.6</u>)), in a greater proportion than any such payment to or collateral received by any other Lender, if any, in respect of such other Lender's Loans owing to it, or interest thereon, such Benefited Lender shall purchase for cash from the other Lenders an interest (by participation, assignment or otherwise) in such portion of each such other Lender's Loans owing to it, or shall provide such other Lenders with the benefits of any such collateral, or the proceeds thereof, as shall be necessary to cause such Benefited Lender to share the excess payment or benefits of such collateral or proceeds ratably with each of the Lenders; <u>provided</u>, <u>however</u>, that if all or any portion of such excess payment or benefits is thereafter recovered from such Benefited Lender, such purchase shall be rescinded, and the purchase price and benefits returned, to the extent of such recovery, but without interest.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) In addition to any rights and remedies of the Lenders provided by law, each Lender shall have the right, without prior notice to the Borrower Representative, any such notice being expressly waived by the Borrower Representative to the extent permitted by applicable law, upon the occurrence of an Event of Default under <u>Subsection 9.1(a)</u> to set-off and appropriate and apply against any amount then due and payable under <u>Subsection 9.1(a)</u> by the Borrowers any and all deposits (general or special, time or demand, provisional or final) (other than escrow, payroll, employee health and benefits, pension, fiduciary, 401(K), petty cash, trust and tax accounts), in any currency, and any other credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by such Lender or any branch or agency thereof to or for the credit or the account of the Borrowers. Each Lender agrees promptly to notify the Borrower Representative and the Administrative Agent after any such set-off and application made by such Lender, <u>provided</u> that the failure to give such notice shall not affect the validity of such set-off and application.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.8 <u>Judgment</u>. (a) If, for the purpose of obtaining or enforcing judgment against any Loan Party in any court in any jurisdiction, it becomes necessary to convert into any other currency (such other currency being hereinafter in this <u>Subsection 11.8</u> referred to as the "<u>Judgment Currency</u>") an amount due under any Loan Document in any currency (the "<u>Obligation Currency</u>") other than the Judgment Currency, the conversion shall be made at the rate of exchange prevailing on the Business

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Day immediately preceding the date of actual payment of the amount due, in the case of any proceeding in the courts of any other jurisdiction that will give effect to such conversion being made on such date, or the date on which the judgment is given, in the case of any proceeding in the courts of any other jurisdiction (the applicable date as of which such conversion is made pursuant to this <u>Subsection 11.8</u> being hereinafter in this <u>Subsection 11.8</u> referred to as the "<u>Judgment Conversion Date</u>").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) If, in the case of any proceeding in the court of any jurisdiction referred to in <u>Subsection 11.8(a)</u>, there is a change in the rate of exchange prevailing between the Judgment Conversion Date and the date of actual receipt for value of the amount due, the applicable Loan Party shall pay such additional amount (if any, but in any event not a lesser amount) as may be necessary to ensure that the amount actually received in the Judgment Currency, when converted at the rate of exchange prevailing on the date of payment, will produce the amount of the Obligation Currency which could have been purchased with the amount of the Judgment Currency stipulated in the judgment or judicial order at the rate of exchange prevailing on the Judgment Conversion Date. Any amount due from any Loan Party under this <u>Subsection 11.8(b)</u> shall be due as a separate debt and shall not be affected by judgment being obtained for any other amounts due under or in respect of any of the Loan Documents.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The term "rate of exchange" in this <u>Subsection 11.8</u> means the rate of exchange at which the Administrative Agent, on the relevant date at or about 12:00 noon, New York City time, would be prepared to sell, in accordance with its normal course foreign currency exchange practices, the Obligation Currency against the Judgment Currency.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.9 <u>Counterparts</u>. This Agreement may be executed by one or more of the parties to this Agreement on any number of separate counterparts (including by facsimile and other electronic transmission), and all of such counterparts taken together shall be deemed to constitute one and the same instrument. A set of the copies of this Agreement signed by all the parties shall be delivered to the Borrower Representative and the Administrative Agent.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.10 <u>Severability</u>. 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.11 <u>Integration</u>. This Agreement and the other Loan Documents represent the entire agreement of each of the Loan Parties party hereto, the Administrative Agent and the Lenders with respect to the subject matter hereof, and there are no promises, undertakings, representations or warranties by any of the Loan Parties party hereto, the Administrative Agent or any Lender relative to the subject matter hereof not expressly set forth or referred to herein or in the other Loan Documents.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.12 <u>Governing Law</u>. THIS AGREEMENT AND ANY NOTES AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER THIS AGREEMENT AND ANY NOTES SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK, WITHOUT GIVING EFFECT TO ITS PRINCIPLES OR RULES OF CONFLICT OF LAWS TO THE EXTENT SUCH PRINCIPLES OR RULES ARE NOT MANDATORILY APPLICABLE BY STATUTE AND WOULD REQUIRE OR PERMIT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.13 <u>Submission to Jurisdiction; Waivers</u>. Each party hereto hereby irrevocably and unconditionally:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) submits for itself and its property in any legal action or proceeding relating to this Agreement and the other Loan Documents to which it is a party to the exclusive general jurisdiction of the Supreme Court of the State of New York for the County of New York (the "<u>New York Supreme Court</u>"), and the United States District Court for the Southern District of New York (the "<u>Federal District Court</u>," and together with the New York Supreme Court, the "<u>New York Courts</u>") and appellate courts from either of them; <u>provided</u> that nothing in this Agreement shall be deemed or operate to preclude (<u>i</u>) any Agent from bringing suit or taking other legal action in any other jurisdiction to realize on the Collateral or any other security for the Senior Secured Facilities Obligations (in which case any party shall be entitled to assert any claim or defense, including any claim or defense that this <u>Subsection 11.13</u> would otherwise require to be asserted in a legal action or proceeding in a New York Court), or to enforce a judgment or other court order in favor of the Administrative Agent or the Collateral Agent, (<u>ii</u>) any party from bringing any legal action or proceeding in any jurisdiction for the recognition and enforcement of any judgment, (<u>iii</u>) if all such New York Courts decline jurisdiction over any Person, or decline (or in the case of the Federal District Court, lack) jurisdiction over any subject matter of such action or proceeding, a legal action or proceeding may be brought with respect thereto in another court having jurisdiction and (<u>iv</u>) in the event a legal action or proceeding is brought against any party hereto or involving any of its assets or property in another court (without any collusive assistance by such party or any of its Subsidiaries or Affiliates), such party from asserting a claim or defense (including any claim or defense that this <u>Subsection 11.13(a)</u> would otherwise require to be asserted in a legal proceeding in a New York Court) in any such action or proceeding;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) consents that any such action or proceeding may be brought in such courts and waives any objection that it may now or hereafter have to the venue of any such action or proceeding in any such court or that such action or proceeding was brought in an inconvenient forum and agrees not to plead or claim the same;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) agrees that service of process in any such action or proceeding may be effected by mailing a copy thereof by registered or certified mail (or any substantially similar form of mail), postage prepaid, to the Borrower Representative (in the case of the Borrowers), the applicable Lender or the Administrative Agent, as the case may be, at the address specified in <u>Subsection 11.2</u> or at such other address of which the Administrative Agent, any such Lender and the Borrower Representative shall have been notified pursuant thereto;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) agrees that nothing herein shall affect the right to effect service of process in any other manner permitted by law or (subject to clause (a) above) shall limit the right to sue in any other jurisdiction; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) waives, to the maximum extent not prohibited by law, any right it may have to claim or recover in any legal action or proceeding referred to in this <u>Subsection 11.13</u> any consequential or punitive damages.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.14 <u>Acknowledgements</u>. Each Borrower hereby acknowledges that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) it has been advised by counsel in the negotiation, execution and delivery of this Agreement and the other Loan Documents;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) neither any Agent nor any Other Representative or Lender has any fiduciary relationship with or duty to such Borrower arising out of or in connection with this Agreement or any of the other Loan Documents, and the relationship between the Administrative Agent and Lenders, on the one hand, and such Borrower, on the other hand, in connection herewith or therewith is solely that of creditor and debtor;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) no joint venture is created hereby or by the other Loan Documents or otherwise exists by virtue of the transactions contemplated hereby and thereby among the Lenders or among such Borrower and the Lenders; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) each Agent, each Lender and their Affiliates may have economic interests that conflict with those of the Loan Parties, their stockholders and/or their Affiliates.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.15 <u>Waiver of Jury Trial</u>. EACH OF THE BORROWERS, THE AGENTS AND THE LENDERS HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES TRIAL BY JURY IN ANY LEGAL ACTION OR PROCEEDING RELATING TO THIS AGREEMENT OR ANY NOTES OR ANY OTHER LOAN DOCUMENT AND FOR ANY COUNTERCLAIM THEREIN.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.16 <u>Confidentiality</u>. (a) Each Agent, each Other Representative and each Lender agrees to keep confidential any information (<u>a</u>) provided to it by or on behalf of the Parent Borrower or any of their respective Subsidiaries pursuant to or in connection with the Loan Documents or (<u>b</u>) obtained by such Lender based on a review of the books and records of the Parent Borrower or any of their respective Subsidiaries; <u>provided</u> that nothing herein shall prevent any Lender from disclosing any such information (<u>i</u>) to any Agent, any Other Representative or any other Lender, (<u>ii</u>) to any Transferee, or prospective Transferee or any creditor or any actual or prospective counterparty (or its advisors) to any swap or derivative transaction relating to any Borrower and its obligations in connection with transactions under which payments are to be made by reference to the Borrowers and their obligations, this Agreement or payments hereunder, which agrees to comply with the provisions of this <u>Subsection 11.16</u> pursuant to a written instrument (or electronically recorded agreement from any Person listed above in this clause (ii), in respect to any electronic information (whether posted or otherwise distributed on any Platform)) for the benefit of the Borrowers (it being understood that each relevant Lender shall be solely responsible for obtaining such instrument (or such electronically recorded

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agreement)), (<u>iii</u>) to its Affiliates and the employees, officers, partners, directors, agents, attorneys, accountants and other professional advisors of it and its Affiliates, <u>provided</u> that such Lender shall inform each such Person of the agreement under this <u>Subsection</u> <u>11.16</u> and take reasonable actions to cause compliance by any such Person referred to in this clause (iii) with this agreement (including, where appropriate, to cause any such Person to acknowledge its agreement to be bound by the agreement under this <u>Subsection 11.16</u>), (<u>iv</u>) upon the request or demand of any Governmental Authority having jurisdiction over such Lender or its affiliates or to the extent required in response to any order of any court or other Governmental Authority or as shall otherwise be required pursuant to any Requirement of Law, <u>provided</u> that, other than with respect to any disclosure to any bank regulatory authority, such Lender shall, unless prohibited by any Requirement of Law, notify the Borrower Representative of any disclosure pursuant to this clause (iv) as far in advance as is reasonably practicable under such circumstances, (<u>v</u>) which has been publicly disclosed other than in breach of this Agreement, (<u>vi</u>) in connection with the exercise of any remedy hereunder, under any Loan Document or under any Interest Rate Agreement, (<u>vii</u>) in connection with periodic regulatory examinations and reviews conducted by the National Association of Insurance Commissioners or any Governmental Authority having jurisdiction over such Lender or its affiliates (to the extent applicable), (<u>viii</u>) in connection with any litigation to which such Lender (or, with respect to any Interest Rate Agreement, any Affiliate of any Lender party thereto) may be a party subject to the proviso in clause (iv) above, (<u>ix</u>) if, prior to such information having been so provided or obtained, such information was already in an Agent's or a Lender's possession on a non-confidential basis without a duty of confidentiality to the Borrowers being violated, (x) to Approved Funds, (xi) to the extent required by a potential or actual insurer or reinsurer in connection with providing insurance, reinsurance or credit risk mitigation coverage under which payments are to be made or may be made by reference to this Agreement. Notwithstanding any other provision of this Agreement, any other Loan Document or any Assignment and Acceptance, the provisions of this <u>Subsection 11.16</u> shall survive with respect to each Agent and Lender until the second anniversary of such Agent or Lender ceasing to be an Agent or a Lender, respectively. In addition, the Administrative Agent may provide information regarding the Facilities to service providers providing administrative and ministerial services solely in connection with the syndication and administration of the Facilities on a confidential basis; <u>provided</u> that, except with respect to information which has been publicly disclosed other than in breach of this Agreement, the Administrative Agent shall inform each such Person of the agreement under this <u>Subsection</u> <u>11.16</u> and take reasonable actions to cause compliance by any such Person with this agreement (including, where appropriate, to cause any such Person to acknowledge its agreement to be bound by the agreement under this <u>Subsection 11.16</u>).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Each Lender acknowledges that any such information referred to in <u>Subsection 11.16(a)</u>, and any information (including requests for waivers and amendments) furnished by the Borrowers or the Administrative Agent pursuant to or in connection with this Agreement and the other Loan Documents, may include material non-public information concerning the Borrowers, the other Loan Parties and their respective Affiliates or their respective securities. Each Lender represents and confirms that such Lender has developed compliance procedures regarding the use of material non-public information; that such Lender will handle such material non-public information in accordance with those procedures and applicable law, including United States federal and state securities laws; and that such Lender has identified to the Administrative Agent a credit contact who may receive information that may contain material non-public information in accordance with its compliance procedures and applicable law.

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For the avoidance of doubt, nothing in this Subsection 11.16 shall prohibit any Person from voluntarily disclosing or providing any information within the scope of this confidentiality provision to any governmental, regulatory or self-regulatory organization (any such entity, a "<u>Regulatory Authority</u>") to the extent that any such prohibition on disclosure set forth in this Subsection 11.16 shall be prohibited by the laws or regulations applicable to such Regulatory Authority.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.17 <u>Incremental Indebtedness; Additional Indebtedness</u>. In connection with the Incurrence by any Loan Party or any Subsidiary thereof of any Incremental Indebtedness, Specified Refinancing Indebtedness or Additional Indebtedness, each of the Administrative Agent and the Collateral Agent agrees to execute and deliver the Intercreditor Agreement or any Other Intercreditor Agreement or any Intercreditor Agreement Supplement and amendments, amendments and restatements, restatements or waivers of or supplements to or other modifications to, any Security Document (including but not limited to any Mortgages and UCC fixture filings), and to make or consent to any filings or take any other actions in connection therewith, as may be reasonably deemed by the Borrower Representative to be necessary or reasonably desirable for any Lien on the assets of any Loan Party permitted to secure such Incremental Indebtedness, Specified Refinancing Indebtedness or Additional Indebtedness to become a valid, perfected lien (with such priority as may be designated by the relevant Loan Party or Subsidiary, to the extent such priority is permitted by the Loan Documents) pursuant to the Security Document being so amended, amended and restated, restated, waived, supplemented or otherwise modified or otherwise.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.18 <u>USA PATRIOT Act Notice</u>. Each Lender hereby notifies the Borrowers that pursuant to the requirements of the USA PATRIOT Act (Title III of Pub.L. 107-56 (signed into law October 26, 2001)) (the "<u>Patriot Act</u>") and the CDD Rule, it is required to obtain, verify, and record information that identifies each Loan Party, which information includes the name of each Loan Party and other information that will allow such Lender to identify each Loan Party in accordance with the Patriot Act and the CDD Rule, and each Borrower agrees to provide such information from time to time to any Lender.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.19 <u>Electronic Execution of Assignments and Certain Other Documents</u>. The words "execution," "signed," "signature," and words of like import in any Assignment and Acceptance or in any amendment or other modification hereof (including waivers and consents) shall be deemed to include electronic signatures or the keeping of records in electronic form, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature or the use of a paper-based recordkeeping system, as the case 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.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.20 <u>Reinstatement</u>. This Agreement shall remain in full force and effect and continue to be effective should any petition or other proceeding be filed by or against any Loan Party for liquidation or reorganization, should any Loan Party become insolvent or make an assignment for the benefit of any creditor or creditors or should an interim receiver, receiver, receiver and manager or trustee be appointed for all or any significant part of any Loan Party's assets, and shall continue to be effective or to be reinstated, as the case may be, if at any time payment and performance of the obligations of the Borrowers under the Loan Documents, or any part thereof, is, pursuant to applicable law, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee of the obligations, whether as a fraudulent preference, reviewable transaction or otherwise, all as though such payment or performance had not been made. In the event that any payment, or any part thereof, is rescinded, reduced, restored or returned, the obligations of the Borrowers hereunder shall be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.21 <u>Acknowledgement and Consent to Bail-In of Affected Financial Institutions</u>. Notwithstanding anything to the contrary herein or in any other Loan Document, each Borrower, each Lender and the Administrative Agent (each, an "<u>Acknowledging Party</u>") acknowledges that any liability of any Lender that is an Affected Financial Institution arising hereunder or under any other Loan Document, to the extent such liability is unsecured and solely relates to the Loans and not to any other Person, including any other party hereto or any other Loan Document (and not to any obligations), to such Acknowledging Party (all such liabilities, other than any Excluded Liability, the "<u>Covered Liabilities</u>") 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:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the application of any Write-Down and Conversion Powers to any Covered Liability arising hereunder or under any other Loan Document which may be payable to it by any Lender party hereto that is an Affected Financial Institution; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the effects of any Bail-In Action on any such Covered Liability, including, if applicable:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) a reduction in full or in part or cancellation of any such Covered Liability;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) a conversion of all, or a portion of, such Covered Liability into shares or other instruments of ownership in such Affected Financial Institution, its parent undertaking, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments of ownership will be accepted by it in lieu of any rights with respect to any such Covered Liability under this Agreement or any other Loan Document; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) the variation of the terms of such Covered Liability in connection with the exercise of the Write-Down and Conversion Powers of the applicable Resolution Authority.

------

Notwithstanding anything to the contrary herein, nothing contained in this <u>Subsection 11.21</u> shall modify or otherwise alter the rights or obligations under this Agreement or any other Loan Document of any Person party hereto (other than an Acknowledging Party to the extent set forth in this <u>Subsection 11.21</u>) or with respect to any liability that is not a Covered Liability.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.22 <u>Acknowledgment Regarding any Supported QFCs</u>. To the extent that the Loan Documents provide support, through a guarantee or otherwise, for Interest Rate Agreements or any other agreement or instrument that is a QFC (such support, "<u>QFC Credit Support</u>" and each such QFC a "<u>Supported QFC</u>"), the parties acknowledge and agree as follows with respect to the resolution power of the Federal Deposit Insurance Corporation under each U.S. Special Resolution Regimes in respect of such Supported QFC and QFC Credit Support (with the provisions below applicable notwithstanding that the Loan Documents and any Supported QFC may in fact be stated to be governed by the laws of the State of New York and/or of the United States or any other state of the United States):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) In the event a Covered Entity that is party to a Supported QFC (each, a "<u>Covered Party</u>") becomes subject to a proceeding under a U.S. Special Resolution Regime, the transfer of such Supported QFC and the benefit of such QFC Credit Support (and any interest and obligation in or under such Supported QFC and such QFC Credit Support, and any rights in property securing such Supported QFC or such QFC Credit Support) from such Covered Party will be effective to the same extent as the transfer would be effective under the U.S. Special Resolution Regime if the Supported QFC and such QFC Credit Support (and any such interest, obligation and rights in property) were governed by the laws of the United States or a state of the United States. In the event a Covered Party or a BHC Act Affiliate of a Covered Party becomes subject to a proceeding under a U.S. Special Resolution Regime, Default Rights under the Loan Documents that might otherwise apply to such Supported QFC or any QFC Credit Support that may be exercised against such Covered Party are permitted to be exercised to no greater extent than such Default Rights could be exercised under the U.S. Special Resolution Regime if the Supported QFC and the Loan Documents were governed by the laws of the United States or a state of the United States. Without limitation of the foregoing, it is understood and agreed that rights and remedies of the parties with respect to a Defaulting Lender shall in no event affect the rights of any Covered Party with respect to a Supported QFC or any QFC Credit Support.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) As used in this Subsection 11.22, the term "QFC" has the meaning assigned to the term "qualified financial contract" in, and shall be interpreted in accordance with, 12 U.S.C. 5390(c)(8)(D).

[SIGNATURE PAGES FOLLOW]

------

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

---

| | |
|:---|:---|
| **<u>PARENT BORROWER</u>:** | **<u>PARENT BORROWER</u>:** |
| **COLUMBUS MCKINNON CORPORATION** | **COLUMBUS MCKINNON CORPORATION** |
| By: | /s/ Gregory P. Rustowicz |
| Name: Gregory P. Rustowicz | Name: Gregory P. Rustowicz |
|  Title: Executive Vice President-Finance and Chief Financial Officer | Title: Executive Vice President-Finance and Chief Financial Officer |
| **<u>GERMAN BORROWER</u>:** | **<u>GERMAN BORROWER</u>:** |
| **COLUMBUS MCKINNON EMEA GMBH** | **COLUMBUS MCKINNON EMEA GMBH** |
| By: | /s/ Gregory P. Rustowicz |
| Name: Gregory P. Rustowicz | Name: Gregory P. Rustowicz |
| Title: Managing Director (*Geschäftsführer*) | Title: Managing Director (*Geschäftsführer*) |

---

------

**JPMORGAN CHASE BANK, N.A.,** as Administrative Agent and Collateral Agent

---

| | |
|:---|:---|
| By: | /s/ Judy Marsh |
| Name: Judy Marsh | Name: Judy Marsh |
| Title: Authorized Officer | Title: Authorized Officer |

---

------

**JPMorgan Chase Bank, N.A.** as a Lender and an

Issuing Bank

---

| | |
|:---|:---|
| By: | /s/ Judy Marsh |
| Name: Judy Marsh | Name: Judy Marsh |
| Title: Authorized Officer | Title: Authorized Officer |

---

[Signature Page to Credit Agreement]

------

**PNC Bank, National Association,** as a Lender and an Issuing Bank

---

| | |
|:---|:---|
| By: | /s/ Felicia E. Leksono |
| Name: Felicia E. Leksono | Name: Felicia E. Leksono |
| Title: Senior Vice President | Title: Senior Vice President |

---

[Signature Page to Credit Agreement]

------

**WELLS FARGO BANK, N.A.,** as a Lender

and an Issuing Bank

---

| | |
|:---|:---|
| By: | /s/ Komal Gandhi |
| Name: Komal Gandhi | Name: Komal Gandhi |
| Title: Vice President | Title: Vice President |

---

[Signature Page to Credit Agreement]

------

**CITIZENS BANK, N.A.,** as a Lender

---

| | |
|:---|:---|
| By: | /s/ Brady Bingham |
| Name: Brady Bingham | Name: Brady Bingham |
| Title: Director | Title: Director |

---

[Signature Page to Credit Agreement]

------

**DEUTSCHE BANK AG NEW YORK BRANCH,** as a

Lender

---

| | |
|:---|:---|
| By: | /s/ Philip Tancorra |
| Name: Philip Tancorra | Name: Philip Tancorra |
| Title: Director | Title: Director |
| By: | /s/ Suzan Onal |
| Name: Suzan Onal | Name: Suzan Onal |
| Title: Director | Title: Director |

---

[Signature Page to Credit Agreement]

------

**KEYBANK NATIONAL ASSOCIATION,** as a Lender

---

| | |
|:---|:---|
| By: | /s/ Gavin Graham |
| Name: Gavin Graham | Name: Gavin Graham |
| Title: Vice President | Title: Vice President |

---

[Signature Page to Credit Agreement]

------

**MIZUHO BANK, LTD.,** as a Lender

---

| | |
|:---|:---|
| By: | /s/ Donna DeMagistris |
| Name: Donna DeMagistris | Name: Donna DeMagistris |
| Title: Managing Director | Title: Managing Director |

---

[Signature Page to Credit Agreement]

------

**M&T BANK,** as a Lender

---

| | |
|:---|:---|
| By: | /s/ Edward Graber |
| Name: Edward Graber<br> Title: Senior Vice President | Name: Edward Graber<br> Title: Senior Vice President |
| **M&T BANK,** as a Lender | **M&T BANK,** as a Lender |
| By: | /s/ Paul Hogan |
| Name: Paul Hogan | Name: Paul Hogan |
| Title: Managing Director | Title: Managing Director |

---

[Signature Page to Credit Agreement]

------

---

| | |
|:---|:---|
| **Royal Bank of Canada,** as a Lender | **Royal Bank of Canada,** as a Lender |
| By: | /s/ Sayab Ayub |
| Name: Sayab Ayub | Name: Sayab Ayub |
| Title: Authorized Signatory | Title: Authorized Signatory |

---

[Signature Page to Credit Agreement]

------

---

| | |
|:---|:---|
| **Sumitomo Mitsui Banking Corp,** as a Lender | **Sumitomo Mitsui Banking Corp,** as a Lender |
| By: | /s/ Peter Fritz |
| Name: Peter Fritz | Name: Peter Fritz |
| Title: Managing Director | Title: Managing Director |

---

[Signature Page to Credit Agreement]

------

---

| | |
|:---|:---|
| **Truist Bank,** as a Lender | **Truist Bank,** as a Lender |
| By: | /s/ Christian Jacobsen |
| Name: Christian Jacobsen | Name: Christian Jacobsen |
| Title: Director | Title: Director |

---

[Signature Page to Credit Agreement]

------

---

| | |
|:---|:---|
| **UBS AG, STAMFORD BRANCH,** as a Lender | **UBS AG, STAMFORD BRANCH,** as a Lender |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;By: | /s/ Joselin Fernandes |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Name: Joselin Fernandes | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Name: Joselin Fernandes |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title: Director | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title: Director |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;By: | /s/ Massimo Ippolito |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Name: Massimo Ippolito | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Name: Massimo Ippolito |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title: Associate Director | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title: Associate Director |

---

[Signature Page to Credit Agreement]

------

---

| | |
|:---|:---|
| **Fifth Third Bank, National Association,** as a Lender | **Fifth Third Bank, National Association,** as a Lender |
| By: | /s/ Taylor Beringer |
| Name: Taylor Beringer | Name: Taylor Beringer |
| Title: Senior Vice President | Title: Senior Vice President |

---

------

**HSBC Bank USA, National Association**, as a Lender

---

| | |
|:---|:---|
| By: | /s/ Ketak Sampat |
| Name: Ketak Sampat | Name: Ketak Sampat |
|  Title: Senior Vice President | Title: Senior Vice President |

---

## Exhibit 10.2

**Exhibit 10.2** 

*Execution Version* 

**REGISTRATION RIGHTS AGREEMENT** 

**of** 

**COLUMBUS MCKINNON CORPORATION** 

**dated as of February** 3**, 2026**

------

**TABLE OF CONTENTS** 

---

| | |
|:---|:---|
|  | **Page** |
| 1. Definitions | 1 |
| 2. Registration Rights | 6 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Shelf Registration | 6 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Shelf Takedowns | 6 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Cooperation with Shelf Takedowns | 6 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Automatic Shelf Registration Statements | 7 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) Demand Rights | 7 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) Effectiveness of Demand Registration | 8 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) Continued Effectiveness | 8 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) Priority on Demand Registration or Shelf Takedown | 9 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Postponements in Requested Registrations | 9 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) Registration Expenses | 10 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) Selection of Underwriters | 10 |
| 3. Piggyback Registrations | 10 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Right to Piggyback | 10 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Underwritten Registration | 11 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Piggyback Registration Expenses | 11 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Priority on Primary Registrations | 11 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) Priority on Secondary Registrations | 12 |
| 4. Registration Procedures | 12 |
| 5. Indemnification | 18 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Indemnification by the Company | 18 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Indemnification by Holder of Registrable Securities | 19 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Conduct of Indemnification Proceedings | 20 |

---

i

------

**TABLE OF CONTENTS** 

(continued)

---

| | |
|:---|:---|
|  | **Page** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Contribution | 20 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) Reserved | 21 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) Non-Exclusivity | 21 |
| 6. Registration Expenses | 21 |
| 7. Rule 144 | 22 |
| 8. Certain Additional Agreements | 23 |
| 9. Miscellaneous | 23 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Termination | 23 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Holdback Agreement | 23 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Amendments and Waivers | 23 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Successors, Assigns and Transferees | 24 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) Notices | 24 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) Further Assurances | 25 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) Preservation of Rights | 26 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) Entire Agreement; No Third Party Beneficiaries | 26 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Governing Law; Jurisdiction and Forum; Waiver of Jury Trial | 26 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) Severability | 26 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) Enforcement | 27 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l) Titles and Subtitles | 27 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m) No Recourse | 27 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(n) Counterparts; PDF Signatures | 27 |

---

ii

------

This REGISTRATION RIGHTS AGREEMENT (this "<u>Agreement</u>") is entered into as of February 3, 2026, by and among Columbus McKinnon Corporation, a New York corporation (the "<u>Company</u>"), CD&R XII Keystone Holdings, L.P., a Cayman Islands exempted limited partnership ("<u>CD&R Investor</u>"), and any Person who becomes a party hereto pursuant to <u>Section 9(d)</u> or by execution of a joinder agreement substantially in the form of <u>Exhibit A</u> hereto. Capitalized terms used herein shall have the meaning assigned to such terms in the text of this Agreement or in <u>Section 1</u>.

WHEREAS, on or prior to the date hereof, the Company has adopted and filed with the Secretary of State of the State of New York a Certificate of Amendment to the Certificate of Incorporation of Columbus McKinnon Corporation in the form attached hereto as <u>Exhibit B</u> (the "<u>Certificate of Designations</u>"), in order to create a series of preferred shares, par value $1.00 per share, designated as Series A Cumulative Convertible Participating Preferred Shares (the "<u>Preferred Shares</u>");

WHEREAS, pursuant to the Investment Agreement, dated as of February 10, 2025, by and among the Company, CD&R Investor and Clayton, Dubilier & Rice Fund XII, L.P. (solely for purposes of Section 4.13 thereof) (as such agreement may be amended from time to time, the "<u>Investment Agreement</u>"), CD&R Investor acquired from the Company, and the Company issued to CD&R Investor, such number of Preferred Shares as set forth in Section 1.1 of the Investment Agreement;

WHEREAS, pursuant to the Certificate of Designations, the Preferred Shares may be converted into a certain number of Common Shares, on the terms and subject to certain conditions specified in the Certificate of Designations; and

WHEREAS, the Company desires to provide to the Holders rights to registration under the Securities Act of Registrable Securities, on the terms and subject to the conditions set forth herein.

NOW, THEREFORE, in consideration of the foregoing recitals and of the mutual promises hereinafter set forth, the parties hereto agree as follows:

<u>AGREEMENT</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. <u>Definitions</u>. As used in this Agreement, the following capitalized terms shall have the following respective meanings:

"<u>Affiliate</u>" means, with respect to any Person, any other Person directly or indirectly controlling, controlled by or under common control with, such person.

"<u>Agreement</u>" has the meaning given to such term in the Preamble.

"<u>Automatic Shelf Registration Statement</u>" has the meaning given to such term in <u>Section</u> <u>2(d)</u>.

------

"<u>Block Sale</u>" means the sale of Common Shares or Preferred Shares to one or several purchasers in a registered transaction by means of a bought deal, a block trade or a direct sale.

"<u>Board</u>" means the Board of Directors of the Company.

"<u>Business Day</u>" means any day that is not a Saturday, a Sunday or other day on which banks are required or authorized by law to be closed in New York City.

"<u>CD&R Investor</u>" has the meaning given to such term in the Preamble.

"<u>Certificate of Designations</u>" has the meaning given to such term in the Recitals.

"<u>Charitable Gifting Event</u>" means any transfer by a Holder, or any subsequent transfer by such Holder's members, partners or other employees, in connection with a bona fide gift to any Charitable Organization made in connection with sales of Registrable Securities by a Holder pursuant to an effective registration statement.

"<u>Charitable Organization</u>" means a charitable organization as described by Section 501(c)(3) of the Internal Revenue Code of 1986, as in effect from time to time.

"<u>Closing</u>" means the closing of the transactions contemplated by the Investment Agreement.

"<u>Closing Date</u>" means the date on which the Closing occurs.

"<u>Common Shares</u>" means the common shares, par value $0.01 per share, of the Company, including any shares of capital stock into which the Common Shares may be converted (as a result of recapitalization, share exchange or similar event) or are issued, including with respect to any stock split or stock dividend, or a successor security.

"<u>Company</u>" has the meaning given to such term in the Preamble.

"<u>control</u>" (including the terms "<u>controlling</u>", "<u>controlled by</u>" and "<u>under common control with</u>"), with respect to the relationship between or among two or more Persons, means the possession, directly or indirectly, of the power to direct or cause the direction of the affairs or management of a Person, whether through the ownership of voting securities, as trustee or executor, by contract or otherwise.

"<u>Covered Person</u>" has the meaning given to such term in <u>Section</u> <u>5(a)</u>.

"<u>Demand Registration</u>" has the meaning given to such term in <u>Section</u> <u>2(e)</u>.

"<u>Demand Request</u>" has the meaning defined in <u>Section</u> <u>2(e)</u>.

"<u>Effective Period</u>" has the meaning given to such term in <u>Section</u> <u>2(g)</u>.

------

"<u>Exchange Act</u>" means the Securities Exchange Act of 1934, as amended, and any successor statute thereto and the rules and regulations of the SEC promulgated thereunder.

"<u>FINRA</u>" means the Financial Industry Regulatory Authority.

"<u>Free Writing Prospectus</u>" has the meaning given to such term in <u>Section</u> <u>4(a)</u>.

"<u>Holdback Period</u>" means, with respect to any registered offering covered by this Agreement 90 days after (or such shorter period as may be agreed to by the managing underwriter(s) for such offering) and during the 10 days before, the effective date of the related Registration Statement or, in the case of an underwritten takedown from a Shelf Registration Statement, 90 days after (or such shorter period as may be agreed to by the managing underwriter(s) for such offering) the date of the Prospectus supplement filed with the SEC in connection with such takedown and during such prior period (not to exceed 10 days) as the Company has given reasonable written notice to the Holders holding Registrable Securities.

"<u>Holder</u>" means any of (<u>i</u>) CD&R Investor, (<u>ii</u>) any Person who becomes a party hereto pursuant to <u>Section</u> <u>9(d)</u> or (iii) any direct or indirect transferee of a Holder who is a Permitted Rights Transferee, has acquired Registrable Securities representing at least 5% of the then-outstanding Common Shares (on an as-converted basis) from a Holder and has entered into a joinder agreement substantially in the form of <u>Exhibit A</u> hereto, in each case so long as such Person continues to hold any Registrable Securities.

"<u>including</u>" means "including without limitation".

"<u>Indemnified Party</u>" has the meaning given to such term in <u>Section</u> <u>5(c)</u>.

"<u>Indemnifying Party</u>" has the meaning given to such term in <u>Section</u> <u>5(c)</u>.

"<u>Investment Agreement</u>" has the meaning given to such term in the Recitals.

"<u>Lock-Up Period</u>" means the period commencing on the Closing Date and ending on the date that is the earlier of (<u>i</u>) the 24-month anniversary of the Closing Date and (<u>ii</u>) the Company exercising, with respect to all or a portion of the Preferred Shares, its forced conversion or optional redemption rights under the Investment Agreement.

"<u>Losses</u>" has the meaning given to such term in <u>Section</u> <u>5(a)</u>.

"<u>Marketed Underwritten Offering</u>" means (i) an Underwritten Offering pursuant to a Demand Registration or (ii) a Marketed Underwritten Shelf Offering.

"<u>Marketed Underwritten Shelf Offering</u>" has the meaning given to such term in <u>Section</u> <u>2(b).</u>

------

"<u>Permitted Rights Transferee</u>" means, for the purposes of this Agreement, any Person to whom CD&R Investor transfers Common Shares or Preferred Shares in accordance with Section 4.10 of the Investment Agreement.

"<u>Person</u>" means any individual, partnership, joint venture, corporation, limited liability company, trust, unincorporated organization, government or any department or agency thereof or any other entity.

"<u>Piggyback Registration</u>" has the meaning given to such term in <u>Section</u> <u>3(a)</u>.

"<u>Piggybacking Holder</u>" has the meaning given to such term in <u>Section</u> <u>2(h)(iii)</u>.

"<u>Preferred Shares</u>" has the meaning given to such term in the Recitals.

"<u>Prospectus</u>" means the prospectus included in any Registration Statement (including a prospectus that discloses information previously omitted from a prospectus filed as part of an effective Registration Statement in reliance upon Rule 430A promulgated under the Securities Act), as amended or supplemented by any prospectus supplement, relating to Registrable Securities, and all other amendments and supplements to the Prospectus, including post-effective amendments, and all material incorporated by reference or deemed to be incorporated by reference in such prospectus.

"<u>Registration Expenses</u>" has the meaning given to such term in <u>Section</u> <u>6</u>.

"<u>Registrable Securities</u>" means, as of any date of determination, (<u>a</u>)(<u>i</u>) any Common Shares or Preferred Shares held by a Holder and (<u>ii</u>) any Common Shares issuable upon conversion of Preferred Shares held by a Holder and (<u>b</u>) any equity securities or other equity interests issued or issuable, directly or indirectly, with respect to the Common Shares described in clause (a) by way of conversion or exchange thereof or stock dividends, stock splits or in connection with a combination of shares, reclassification, recapitalization, merger, consolidation or other reorganization. As to any particular Registrable Securities, once issued, such securities shall cease to be Registrable Securities when (<u>i</u>) they are disposed of pursuant to an effective Registration Statement under the Securities Act, (<u>ii</u>) they are sold to the public pursuant to Rule 144 or Rule 145 (or other exemption from registration under the Securities Act), (<u>iii</u>) they shall have ceased to be outstanding, or (<u>iv</u>) they have been sold in a private transaction in which the transferor's rights under this Agreement are not assigned to the transferee of the securities.

"<u>Registration Statement</u>" means any registration statement of the Company filed with the SEC under the Securities Act which covers any of the Registrable Securities pursuant to the provisions of this Agreement, including any Prospectus, Free Writing Prospectus, amendments and supplements to such registration statement, including post-effective amendments, all exhibits and all material incorporated by reference or deemed to be incorporated by reference in such registration statement.

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"<u>Rule 144</u>" means Rule 144 under the Securities Act, as such rule may be amended from time to time, or any similar rule or regulation hereafter adopted by the SEC.

"<u>Rule 145</u>" means Rule 145 under the Securities Act, as such rule may be amended from time to time, or any similar rule or regulation hereafter adopted by the SEC.

"<u>Rule 405</u>" means Rule 405 under the Securities Act, as such rule may be amended from time to time, or any similar rule or regulation hereafter adopted by the SEC.

"<u>SEC</u>" means the U.S. Securities and Exchange Commission or any other federal agency at the time administering the Securities Act or the Exchange Act.

"<u>Securities Act</u>" means the Securities Act of 1933, as amended, and any successor statute thereto and the rules and regulations of the SEC promulgated thereunder.

"<u>Selling Expenses</u>" means all underwriting and brokerage discounts, selling commissions and transfer taxes, if any, and the fees and expenses of any counsel to the Holders (other than such fees and expenses subject to reimbursement from the Company as set forth in <u>Section</u> <u>6</u><u>(vii)</u> hereof) and any other advisors and agents, if any, to the Holders, in each case, associated with the Holders effecting any sales of Registrable Securities under any Registration Statement (other than such fees and expenses expressly included in Registration Expenses); provided that, for the avoidance of doubt, Selling Expenses shall not include any fees and disbursements of any counsel retained by any underwriter in connection with any such sales.

"<u>Shelf Registration Statement</u>" has the meaning given to such term in <u>Section</u> <u>2(a)</u>.

"<u>Shelf Takedown</u>" has the meaning given to such term in <u>Section</u> <u>2(b)</u>.

"<u>Subsidiary</u>" means (<u>i</u>) any corporation of which a majority of the securities entitled to vote generally in the election of directors thereof, at the time as of which any determination is being made, are owned by another entity, either directly or indirectly and (<u>ii</u>) any joint venture, general or limited partnership, limited liability company or other legal entity in which an entity is the record or beneficial owner, directly or indirectly, of a majority of the voting interests or the general partner.

"<u>Underwritten Offering</u>" means an offering registered under the Securities Act in which securities of the Company are sold to one or more underwriters on a firm-commitment basis for reoffering to the public.

"<u>WKSI</u>" has the meaning given to such term in <u>Section</u> <u>2(d)</u>.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. <u>Registration Rights</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Shelf Registration</u>. The Company shall file with the SEC and thereafter use its reasonable best efforts to cause to be declared or become effective promptly upon the expiration of the Lock-Up Period a registration statement on Form S-3 or any comparable or successor form or forms or any similar short-form registration constituting a "shelf" registration statement providing for the registration of, and the sale by the Holders on a continuous or delayed basis of, all of the Registrable Securities, pursuant to Rule 415 or otherwise (a "<u>Shelf Registration Statement</u>"). At all times, the Company shall use its reasonable best efforts to qualify for registration on a Form S-3 or any comparable or successor form or forms or any similar short-form registration.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Shelf Takedowns</u>. Subject to the provisions of <u>Section</u> <u>2(c)</u> hereof, the Holders shall be entitled, at any time and from time to time when a Shelf Registration Statement is effective, to sell such Registrable Securities held by them as are then registered pursuant to a Shelf Registration Statement (each, a "<u>Shelf Takedown</u>"). The number of Shelf Takedowns that the Holders may effect pursuant to this <u>Section</u> <u>2(b)</u> shall not be limited, provided that the number of Underwritten Offerings that may be effected hereunder shall be limited to a total of six (6) (less any Demand Requests made pursuant to <u>Section</u> <u>2(e)</u>), with any three (3) such Underwritten Offerings having a plan of distribution which contemplates a customary "road show" (including an "electronic road show") or other substantial marketing effort by the Company and the underwriters (any such Underwritten Offering, a "<u>Marketed Underwritten Shelf Offering</u>"). The Company shall not be required to facilitate a Marketed Underwritten Shelf Offering unless the aggregate gross proceeds from such offering are reasonably expected to be at least the lesser of (x) $50 million and (y) the aggregate gross proceeds from such offering assuming all of the remaining number of Registrable Securities held by the Holders are sold.Any such Shelf Takedown may be made in the United States by and pursuant to any method or combination of methods legally available to the Holders (including an underwritten offering, a direct sale to purchasers, a sale to or through brokers, dealers or agents, a sale over the internet, Block Sales, derivative transactions with third parties, sales in connection with short sales and other hedging transactions). The Company shall comply with the applicable provisions of the Securities Act with respect to the disposition of all Registrable Securities covered by the Shelf Registration Statement in accordance with the intended methods of disposition by the Holders participating in such Shelf Takedown.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Cooperation with Shelf Takedowns</u>. Upon receipt of prior written notice by the Holders that they intend to effect a Shelf Takedown, the Company shall use its reasonable best efforts to cooperate in such Shelf Takedown, whether or not such Shelf Takedown constitutes an Underwritten Offering, by amending or supplementing the Prospectus related to such Shelf Registration Statement as may be reasonably requested by the Holders for so long as any Holders hold Registrable Securities; <u>provided</u> that the Company shall not be obligated to cooperate in an Underwritten Offering to be effected by means of a Block Sale if notice of such Underwritten Offering has not been delivered to the Company at least seven (7) Business Days prior to the intended launch of such Block Sale.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>Automatic Shelf Registration Statements</u>. To the extent the Company is a well-known seasoned issuer (as defined in Rule 405) (a "<u>WKSI</u>") at a time when it is obligated to file a Shelf Registration Statement pursuant to this Agreement, the Company shall file an automatic shelf registration statement (as defined in Rule 405) on Form S-3 (an "<u>Automatic Shelf Registration Statement</u>") in accordance with the requirements of the Securities Act and the rules and regulations of the SEC thereunder, that covers the Registrable Securities. The Company shall pay the registration fee for all Registrable Securities to be registered pursuant to an Automatic Shelf Registration Statement at the time of filing of the Automatic Shelf Registration Statement and shall not elect to pay any portion of the registration fee on a deferred basis. The Company shall use its reasonable best efforts to remain a WKSI (and not to become an ineligible issuer (as defined in Rule 405)) during the period during which any Automatic Shelf Registration Statement is effective. If at any time following the filing of an Automatic Shelf Registration Statement when the Company is required to re-evaluate its WKSI status the Company determines that it is not a WKSI, the Company shall use its reasonable best efforts to post-effectively amend the Automatic Shelf Registration Statement to a Shelf Registration Statement that is not automatically effective or file a new Shelf Registration Statement or, if the Company is not eligible at such time to file a Shelf Registration Statement, a Registration Statement on Form S-1; have such Registration Statement declared effective by the SEC; and keep such Registration Statement effective during the period during which such Shelf Registration Statement or Registration Statement on Form S-1 is required to be kept effective in accordance with <u>Section</u> <u>2(g)</u> hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) <u>Demand Rights</u>. After the expiration of the Lock-Up Period, in the event the Company ceases to be eligible to register Registrable Securities on Form S-3 or has failed to perform its obligations under <u>Section</u> <u>2(a)</u>, the Holders shall have the right on four (4) occasions (provided, that the aggregate number of such rights effected pursuant to this Section 2(e) plus the number of any Marketed Underwritten Shelf Offerings effected pursuant to Section 2(b) shall not exceed six (6)) to require the Company to file a registration statement under the Securities Act in respect of all or a portion of Registrable Securities owned by the Holders (so long as such request covers at least $50,000,000 worth of the then current value of Common Shares (including, for purposes of such determination, any Common Shares issuable upon conversion of Preferred Shares)) or Preferred Shares, by delivering to the Company written notice stating that such right is being exercised, specifying the number of Registrable Securities owned by the Holders to be included in such registration, and describing the intended method of distribution thereof (each, a "<u>Demand Request</u>" and any registration effected pursuant thereto, a "<u>Demand Registration</u>"). Notwithstanding the foregoing, the Company shall not be required to file any Registration Statement pursuant to a Demand Request within 90 days after the effective date of a previous Demand Registration or any previous Registration Statement in which the holders of Registrable Securities were given piggyback rights pursuant to <u>Section</u> <u>3</u> in which there was no reduction in the number of Registrable Securities to be included, and in each case, in which the sale of the Registrable Securities included therein was consummated. Any Holder who has elected to sell Registrable Securities in an offering pursuant to this <u>Section</u> <u>2(e)</u> shall be permitted to withdraw from such registration by written notice to the Company if the price to the public at which the Registrable Securities are proposed to be sold will be less than 90% of the average closing price of the class of shares being sold in the offering during the 10 trading days preceding the date on which the Demand Request of such offering was given pursuant to this <u>Section</u> <u>2(e)</u>. The Company shall comply with the applicable provisions of the Securities Act with respect to the disposition of all Registrable Securities covered by the Demand Registration in accordance with the intended methods of disposition by the Holders. No Demand Registration

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shall be deemed to have occurred for purposes of this <u>Section</u> <u>2(e)</u> if (<u>x</u>) the Registration Statement relating thereto (<u>A</u>) does not become effective, (<u>B</u>) is not maintained effective for the period required pursuant to <u>Section</u> <u>2(g)</u>, or (<u>C</u>) the offering of the Registrable Securities pursuant to such Registration Statement is subject to a stop order, injunction or similar order or requirement of the SEC during such period, (<u>y</u>) more than 90% of the Registrable Securities requested by the Holders to be included in such registration are not so included pursuant to <u>Section</u> <u>2(h)</u> or (<u>z</u>) the conditions to closing specified in any underwriting agreement, purchase agreement or similar agreement entered into in connection with the registration relating to such request are not satisfied (other than as a result of a material default or breach thereunder by the Holders or their Affiliates) or otherwise waived by the Holders; provided that the Company's obligation to pay Registration Expenses pursuant to Section 6 hereof shall still apply.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) <u>Effectiveness of Demand Registration</u>. As promptly as practicable, but in no event later than 20 Business Days after the Company receives a Demand Request pursuant to <u>Section</u> <u>2(e)</u> hereof, the Company shall file with the SEC and thereafter use its reasonable best efforts to cause to be declared effective promptly a registration statement on the appropriate form (it being agreed that, subject to <u>Section</u> <u>2(d)</u> hereof, such Registration Statement shall be an Automatic Shelf Registration Statement, if then available to the Company) providing for the registration of such number of Registrable Securities the Holders shall have requested be registered for distribution in accordance with such intended method of distribution; <u>provided</u>, <u>however</u>, no sale shall be made by any Holder pursuant to any Demand Registration prior to the expiration of the Lock-Up Period, except with the prior written consent of the Company. The Company shall comply in all material respects with the applicable provisions of the Securities Act with respect to the disposition of all Registrable Securities covered by any such registration statement in accordance with the intended method or methods of disposition by the Holders.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) <u>Continued Effectiveness</u>. The Company shall use its reasonable best efforts to keep (<u>A</u>) any Shelf Registration Statement filed pursuant to this Agreement continuously effective and usable for the resale of the Registrable Securities covered thereby, and to re-file such Shelf Registration Statement upon its expiration, until the date on which all of the Registrable Securities covered by such Shelf Registration Statement have been sold pursuant to such Shelf Registration Statement and (<u>B</u>) any Registration Statement filed pursuant to a Demand Request effective for a period of at least 180 days after the effectiveness thereof or such shorter period during which all Registrable Securities included therein shall have actually been sold (such period, the "<u>Effective Period</u>"); <u>provided</u>, <u>however</u>, that in the event the Company suspends, postpones or delays the filing of a Registration Statement required to be filed pursuant to this Agreement, the Effective Period shall be extended by the duration of each such applicable suspension, postponement or delay. To the extent that the Company ceases to be eligible to register Registrable Securities on Form S-3, the Company shall file a "shelf" registration statement on Form S-1 not later than 45 days after the date of such ineligibility and use its reasonable best efforts to have such registration statement declared effective as promptly as practicable.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) <u>Priority on</u> <u>Demand</u> <u>Registration</u> <u>or Shelf Takedown</u><u> </u>. If any of the Registrable Securities registered pursuant to a Demand Request or a Shelf Takedown are to be sold in a Marketed Underwritten Offering, and the managing underwriter(s) advise the Holders that in its good faith opinion the total number or dollar amount of Registrable Securities proposed to be sold in such Marketed Underwritten Offering (including securities proposed to be included by other holders of securities entitled to include securities in such Registration Statement pursuant to incidental or piggyback registration rights), is such as to adversely affect the success of such offering, then there shall be included in such Marketed Underwritten Offering the number or dollar amount of Registrable Securities that in the good faith opinion of such managing underwriter(s) can be sold without adversely affecting such offering, and such number of Registrable Securities shall be allocated as follows, unless the underwriters require a different allocation:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) first, to the Holders requesting such registration *pro rata* on the basis of the percentage of Registrable Securities owned by each such Holder relative to the number of Registrable Securities owned by all Holders, until with respect to each such Holder, all Registrable Securities requested for registration by such Holders have been included in such registration;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) second, the securities for which inclusion in such Registration Statement was requested by the Company; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) third, Common Shares requested by other holders of Common Shares (each, a "<u>Piggybacking Holder</u>") to be included in such Marketed Underwritten Offering, on a *pro rata* basis or in such other manner as such Piggybacking Holders shall agree.

Notwithstanding the foregoing, no securities other than Registrable Securities held by the Holders shall be eligible for inclusion in the total number or dollar amount of Registrable Securities proposed to be sold in any Block Sale effected pursuant to <u>Section</u> <u>2(b)</u> or <u>Section</u> <u>2(e)</u> of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) <u>Postponements in Requested Registrations</u>. If the filing, initial effectiveness or continued use of a Registration Statement, including a Shelf Registration Statement, filed hereunder would require the Company to make a public disclosure of material non-public information, which disclosure in the good faith judgment of the Board (after consultation with external legal counsel) (<u>i</u>) would be required to be made in any Registration Statement so that such Registration Statement would not contain any untrue statement of material fact or omit to state a material fact necessary in order to make the statements made therein, in the light of the circumstances under which they were made, not misleading, (<u>ii</u>) would not be required to be made at such time but for the filing, effectiveness or continued use of such Registration Statement and (<u>iii</u>) would reasonably be expected to adversely affect in any material respect the Company or its business or the Company's ability to effect a bona fide material proposed acquisition, disposition, financing, reorganization, recapitalization or similar transaction, then the Company may, upon giving prompt written notice of such action to the Holders participating in such registration, delay the filing or initial effectiveness of, or suspend use of, such Registration Statement; <u>provided</u> that the Company shall not be permitted to do so (<u>x</u>) more than once in any 6-month period or (<u>y</u>) for any single period of time in excess of 60 days, or for periods exceeding, in the aggregate, 90 days during any 12-month period. In the event that the Company exercises its rights under the preceding sentence, such Holders agree to suspend, promptly upon receipt of the notice referred to above, the use of any Prospectus relating to such registration in connection with any sale or offer to sell Registrable Securities. If the

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Company so postpones the filing of a Prospectus or the effectiveness of a Registration Statement, the demanding Holder shall be entitled to withdraw such request and, if such request is withdrawn, such registration request shall not count for the purposes of the limitations set forth in <u>Section</u> <u>2(e)</u>. The Company shall promptly give the Holders requesting registration thereof pursuant to this <u>Section</u> <u>2</u> written notice of any postponement made in accordance with the preceding sentence.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) <u>Registration Expenses</u> . The Company shall pay, and shall be responsible for, all Registration Expenses in connection with any registrations and offerings pursuant to this <u>Section</u> <u>2</u>, including any underwritten offering, direct sales to purchasers, sales to or through brokers, dealers or agents, derivative transactions with third parties, sales in connection with short sales and other hedging transactions, that are effectuated pursuant to this <u>Section</u> <u>2</u>; <u>provided</u>, <u>however</u>, that the Holders shall pay all Selling Expenses, if any, with respect to Registrable Securities sold by them.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) <u>Selection of Underwriters</u>. The lead underwriters of any Underwritten Offering effected pursuant to a Demand Registration or a Shelf Takedown shall be selected by the Holders, subject to the consent, not to be unreasonably withheld or delayed, of the Company. If the Holders intend that the Registrable Securities requested to be covered by a Demand Registration shall be distributed by means of an Underwritten Offering, the Holders shall so advise the Company in writing. The right of any Holder to participate in an Underwritten Offering pursuant to this <u>Section</u> <u>2</u> will be conditioned upon such Holder's participation in such underwriting and the inclusion of such Holder's Registrable Securities in the underwriting and each such Holder will (together with the Company and any Piggybacking Holder distributing its securities through such underwriting) enter into an underwriting agreement in customary form with the underwriter(s) selected for such underwriting (including pursuant to the terms of any over-allotment or "green shoe" option requested by the managing underwriter(s)), <u>provided</u> that (<u>A</u>) no Holder shall be required to sell more than the number of Registrable Securities that such Holder has requested the Company to include in any registration and (<u>B</u>) if any Holder disapproves of the terms of the underwriting, such Holder may elect to withdraw therefrom by written notice to the Company, the managing underwriter(s) and, in connection with an Underwritten Offering pursuant to this <u>Section</u> <u>2</u>, the other Holders, <u>provided</u>, <u>further</u>, that no such Person (other than the Company) shall be required to make any representations or warranties other than (x) those related to the title and ownership of, and power and authority to transfer, Registrable Securities and (y) those related to the accuracy and completeness of statements made in a Registration Statement, Prospectus or other document in reliance upon, and in conformity with, written information prepared and furnished to the Company or the managing underwriter(s) by such Person pertaining exclusively to such Holder. Notwithstanding the foregoing, no Holder shall be required to agree to any indemnification obligations on the part of such Holder that are greater than its obligations pursuant to <u>Section</u> <u>5</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. <u>Piggyback Registrations</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Right to Piggyback</u>. Whenever the Company proposes to register any of its securities (other than (<u>x</u>) a registration pursuant to this Agreement or (<u>y</u>) a registration relating solely to employee benefit plans or any dividend or distribution reinvestment or similar plan, or relating to a registration relating solely to the sale of debt or convertible debt instruments),

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whether or not for its own account, and the registration form to be filed may be used for the registration or qualification for distribution of Registrable Securities, the Company will give written notice at least fifteen (15) days before the anticipated filing date to the Holders of its intention to effect such a registration, which notice shall be held in confidence by the Holders until such registration is publicly disclosed, and will include in such registration all Registrable Securities held by the Holders with respect to which the Company has received from the Holder a written request for inclusion therein within ten (10) days after the date of the Company's notice (a "<u>Piggyback Registration</u>"). If the Holder has made such a written request, it may withdraw its or any Registrable Securities from such Piggyback Registration by giving written notice to the Company and the managing underwriter(s), if any, on or before the fifth (5th) day prior to the planned effective date of such Piggyback Registration. The Company may terminate or withdraw any registration under this <u>Section</u> <u>3</u> prior to the effectiveness of such registration, whether or not the Holder has elected to include Registrable Securities in such registration, and, except for the obligation to pay Registration Expenses pursuant to <u>Section</u> <u>3(c)</u>, the Company will have no liability to the Holder in connection with such termination or withdrawal.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Underwritten Registration</u>. If the registration referred to in <u>Section</u> <u>3(a)</u> is proposed to be an Underwritten Offering, the Company will so advise the Holders as a part of the written notice given pursuant to <u>Section</u> <u>3(a)</u>. In such event, the right of any Holder to registration pursuant to this <u>Section</u> <u>3</u> will be conditioned upon such Holder's participation in such underwriting and the inclusion of such Holder's Registrable Securities in the underwriting, and any Holder that holds Registrable Securities that are to be sold in such offering will (together with the Company and any other holders distributing their securities through such underwriting) enter into an underwriting agreement in customary form with the underwriter or underwriters selected for such offering by the Company. If the Holder disapproves of the terms of the underwriting, the Holder may elect to withdraw therefrom by written notice to the Company and the managing underwriter(s).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Piggyback Registration Expenses</u>. The Company will pay all Registration Expenses in connection with any Piggyback Registration, whether or not any registration or prospectus becomes effective or final; <u>provided</u>, <u>however</u>, that the Holders shall pay all Selling Expenses, if any, with respect to Registrable Securities sold by them.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>Priority on Primary Registrations</u>. If a Piggyback Registration relates to a primary Underwritten Offering on behalf of the Company, and the managing underwriter(s) advise the Company in writing that in their opinion the number of securities requested to be included in such registration exceeds the number which can be sold without adversely affecting the marketability of such offering, the Company will include in such registration or prospectus only such number of securities that in the opinion of such underwriters can be sold without adversely affecting the marketability of the offering, which securities will be so included in the following order of priority: (<u>i</u>) first, the securities the Company proposes to sell, (<u>ii</u>) second, the Registrable Securities requested to be included in such registration by the Holders on a *pro rata* basis relative to the total number of Registrable Securities requested to be included therein by all Holders, until with respect to each such Holder, all Registrable Securities requested for registration by such Holders have been included in such registration and (iii) third, Common Shares requested by any other persons to be included in the Piggyback Registration, on a *pro rata* basis relative to the total number of Common Shares requested to be included in the Piggyback Registration by such other requesting persons, or in such other manner as such other requesting persons shall agree.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) <u>Priority on Secondary Registrations</u>. If a Piggyback Registration relates to a secondary Underwritten Offering on behalf of other holders of the Company's securities, and the managing underwriter(s) advise the Company in writing that in their opinion the number of securities requested to be included in such registration exceeds the number which can be sold without adversely affecting the marketability of the offering, the Company will include in such registration only such number of securities that in the opinion of such underwriters can be sold without adversely affecting the marketability of the offering, which securities shall include securities requested to be included therein by the holder(s) making demand for such Underwritten Offering together with any Registrable Securities requested to be included in such registration by the Holders on a *pro rata* basis relative to the number of total Common Shares or Preferred Shares requested to be included therein by such other holder(s) and the number of Registrable Securities requested to be included therein by the Holders.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. <u>Registration Procedures</u>. If and whenever the Company is required to use its reasonable best efforts to effect the registration of any Registrable Securities under the Securities Act as provided in <u>Section</u> <u>2</u> and <u>Section</u> <u>3</u>, the Company shall effect such registration to permit the sale of such Registrable Securities in accordance with the intended method or methods of disposition thereof, and pursuant thereto the Company shall cooperate in the sale of such Registrable Securities and shall, as expeditiously as possible:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) prepare and file, in each case as promptly as practicable, with the SEC a Registration Statement or Registration Statements on such form as shall be available for the sale of the Registrable Securities by the Holders thereof or by the Company in accordance with the intended method or methods of distribution thereof, make all required filings with FINRA, and, if such Registration Statement is not automatically effective upon filing, use its reasonable best efforts to cause such Registration Statement to be declared effective as soon as practicable and to remain effective as provided herein; <u>provided</u>, <u>however</u>, that before filing a Registration Statement or Prospectus or any amendments or supplements thereto (including free writing prospectuses under Rule 433 (each a "<u>Free Writing Prospectus</u>")) and, to the extent reasonably practicable, documents that would be incorporated by reference or deemed to be incorporated by reference in a Registration Statement filed pursuant to a Demand Request (other than a Shelf Registration Statement), the Company shall furnish or otherwise make available to the Holders, their counsel and the managing underwriter(s), if any, copies of all such documents proposed to be filed (including exhibits thereto), which documents will be subject to the reasonable review and comment of such counsel, and such other documents reasonably requested by such counsel, including any comment letter from the SEC, and, if requested by such counsel, provide such counsel reasonable opportunity to participate in the preparation of such Registration Statement and each Prospectus included therein and such other opportunities to conduct a reasonable investigation within the meaning of the Securities Act, including reasonable access to the Company's books and records, officers, accountants and other advisors. The Company shall not file any such Registration Statement or Prospectus, or any amendments or supplements thereto (including such documents that, upon filing, would be incorporated or deemed incorporated by reference therein and including Free Writing Prospectuses) with respect to a Demand Registration to which Holders or the managing underwriter(s), if any, shall reasonably object, in writing, on a timely basis, unless, in the opinion of the Company, such filing is necessary to comply with applicable law;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) prepare and file with the SEC such amendments and supplements to such Registration Statement and the Prospectus used in connection therewith and such Free Writing Prospectuses and Exchange Act reports as may be necessary to keep such Registration Statement continuously effective during the period provided herein and comply in all material respects with the provisions of the Securities Act with respect to the disposition of all securities covered by such Registration Statement; and cause the related Prospectus to be supplemented by any Prospectus supplement as may be necessary to comply with the provisions of the Securities Act with respect to the disposition of the securities covered by such Registration Statement, and as so supplemented to be filed pursuant to Rule 424 (or any similar provisions then in force) under the Securities Act in each case, until such time as all of such securities have been disposed of in accordance with the intended method or methods of disposition by the seller or sellers thereof set forth in such Registration Statement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) notify each selling Holder of Registrable Securities, its counsel and the managing underwriter(s) of any Underwritten Offering (<u>i</u>) when a Registration Statement, pre-effective amendment to any Registration Statement, Prospectus or any Prospectus supplement or post-effective amendment or any Free Writing Prospectus has been filed, and, with respect to a Registration Statement or any post-effective amendment, when the same has become effective, (<u>ii</u>) of any request by the SEC or any other federal or state governmental authority for amendments or supplements to a Registration Statement or related Prospectus or for additional information, (<u>iii</u>) of the issuance by the SEC of any stop order suspending the effectiveness of such Registration Statement or the initiation or threatening of any proceedings for that purpose, (<u>iv</u>) if at any time the Company has reason to believe that the representations and warranties of the Company contained in any agreement (including any underwriting agreement contemplated by <u>Section</u> <u>4(m)</u> below) cease to be true and correct, (<u>v</u>) of the receipt by the Company of any notification with respect to the suspension of the qualification or exemption from qualification of such Registrable Securities for sale in any jurisdiction, or the initiation or threatening of any proceeding for such purpose, and (<u>vi</u>) of the happening of any event that makes any statement made in such Registration Statement or related Prospectus, Free Writing Prospectus, amendment or supplement thereto, or any document incorporated or deemed to be incorporated therein by reference, as then in effect, untrue in any material respect or that requires the making of any changes in such Registration Statement, Prospectus or documents so that, in the case of the Registration Statement, it will not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein, not misleading, and that in the case of the Prospectus, it will not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading (which notice shall notify the selling Holders only of the occurrence of such an event and shall provide no additional information regarding such event to the extent such information would constitute material non-public information);

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) use its reasonable best efforts to obtain the withdrawal of any order suspending the effectiveness of a Registration Statement, or the lifting of any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction at the earliest date reasonably practical;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) if requested by the Holders, or, in the case of an Underwritten Offering, the managing underwriter(s) of such Underwritten Offering, promptly include in a Prospectus supplement or post-effective amendment such information as the Holders or such managing underwriter(s), as the case may be, may reasonably request in order to facilitate the disposition of the Registrable Securities in accordance with the intended method or methods of distribution of such securities set forth in the Registration Statement and make all required filings of such Prospectus supplement or such post-effective amendment as soon as practicable after the Company has received such request; <u>provided</u>, <u>however</u>, that the Company shall not be required to take any actions under this <u>Section</u> <u>4(e)</u> that are not, in the opinion of counsel for the Company, in compliance with applicable law;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) deliver to each selling Holder of Registrable Securities, its counsel, and the underwriters, if any, without charge, as many copies of the Prospectus or Prospectuses (including each form of Prospectus) and each amendment or supplement thereto (including any Free Writing Prospectus) as such Persons may reasonably request from time to time in order to facilitate the disposition of the Registrable Securities in accordance with the intended method or methods of disposition thereof; and the Company, subject to the last paragraph of this <u>Section</u> <u>4</u>, hereby consents to the use of such Prospectus and each amendment or supplement thereto by each of the selling Holders of Registrable Securities and the underwriters, if any, in connection with the offering and sale of the Registrable Securities covered by such Prospectus and any such amendment or supplement thereto;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) use its reasonable best efforts to register or qualify or cooperate with the selling Holders of Registrable Securities, the underwriters, if any, and their respective counsel in connection with the registration or qualification (or exemption from such registration or qualification) of such Registrable Securities for offer and sale under the securities or blue sky laws of such jurisdictions within the United States as any seller or underwriter reasonably requests in writing and to keep each such registration or qualification (or exemption therefrom) effective during the period such Registration Statement is required to be kept effective and to take any other action that may be necessary or advisable to enable such Holders of Registrable Securities to consummate the disposition of such Registrable Securities in such jurisdiction in accordance with the intended method or methods of disposition thereof; <u>provided</u>, <u>however</u>, that the Company will not be required to (<u>i</u>) qualify generally to do business in any jurisdiction where it would not otherwise be required to qualify but for this <u>Section</u> <u>4(g)</u>, (<u>ii</u>) subject itself to taxation in any jurisdiction wherein it is not so subject or (<u>iii</u>) take any action that would subject it to general service of process in any such jurisdiction where it is not then so subject (other than service of process in connection with such registration or qualification or any sale of Registrable Securities in connection therewith);

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) cooperate with the selling Holders of Registrable Securities and the managing underwriter(s), if any, to facilitate the timely preparation and delivery of certificates (not bearing any legends) representing Registrable Securities to be sold after receiving written representations from each Holder of such Registrable Securities that the Registrable Securities represented by the certificates so delivered by such Holder will be transferred in accordance with the Registration Statement, and enable such Registrable Securities to be in such denominations and registered in such names as the managing underwriter(s), if any, or Holders may request;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Reserved;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) upon the occurrence of any event contemplated by <u>Section</u> <u>4(c)</u><u>(vi)</u> above, promptly prepare a supplement or post-effective amendment to the Registration Statement or a supplement to the related Prospectus or any document incorporated or deemed to be incorporated therein by reference, or file any other required document so that, as thereafter delivered to the purchasers of the Registrable Securities being sold thereunder, such Prospectus will not contain an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) provide and cause to be maintained a transfer agent and registrar for all such Registrable Securities from and after the effective date of such Registration Statement (and in connection therewith, if required by the Company's transfer agent, the Company will promptly after the effective date of the Registration Statement, cause an opinion of counsel (subject to such counsel's receipt of any reasonably requested undertakings and representations from the Holders in order to deliver such opinion) as to the effectiveness of the Registration Statement to be delivered to and maintained with such transfer agent, together with any other authorizations, certificates and directions required by the transfer agent which authorize and direct the transfer agent to issue such Registrable Securities without any legend upon sale by the Holders or the underwriter or managing underwriter of an underwritten offering of Registrable Securities, if any, of such Registrable Securities under the Registration Statement and to deposit such Registrable Securities with The Depository Trust Company);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l) use its reasonable best efforts to cause all shares of Registrable Securities covered by any Registration Statement to be listed on each primary national securities exchange (if any) on which shares of the particular class of Registrable Securities are at that time listed;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m) in the case of any Underwritten Offering in which any Holder participates, enter into an underwriting agreement containing customary provisions (including provisions for indemnification, lockups, opinions of counsel and comfort letters), and take all such other customary and reasonable actions as the managing underwriters of such offering may request in order to facilitate the disposition of such Registrable Securities, including adding information requested by the managing underwriters to the Prospectus, and making such representations and warranties to the holders of such Registrable Securities and the underwriters, if any, with respect to the business of the Company and its material Subsidiaries, and the Registration Statement, Prospectus and documents, if any, incorporated or deemed to be incorporated by reference therein, in each case, in form, substance and scope as are customarily made by issuers to underwriters in underwritten offerings, and, if true, confirm the same if and when requested;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(n) in the case of any Underwritten Offering in which any Holder participates, (<u>A</u>) make reasonably available, for inspection by a representative of the Holders, the managing underwriters of such offering and one law firm acting for all of the Holders selling Registrable Securities in such offering and one law firm acting for such managing underwriters, pertinent corporate documents and financial and other records of the Company and its Subsidiaries and controlled Affiliates, (<u>B</u>) cause the Company's officers and employees to supply information reasonably requested by such representative, managing underwriters or law firms or accounting firms in connection with such offering, (<u>C</u>) make the Company's independent registered public accounting firm (and, if necessary, any other independent registered public accounting firms of any material Subsidiary of the Company or of any business acquired by the Company for which financial statements and financial data are, or are required to be, included in the Registration Statement) available for any such managing underwriters' due diligence and have them provide customary comfort letters to such underwriters in connection therewith and to each Holder selling Registrable Securities in such offering (unless such accountants shall be prohibited from so addressing such letters by applicable standards of the accounting profession), (<u>D</u>) cause the Company's outside counsel to furnish customary legal opinions and updates thereof (which legal opinions (in form, scope and substance) shall be reasonably satisfactory to the managing underwriter(s)) to such underwriters and to each Holder selling Registrable Securities in such offering in connection therewith (subject to delivery to outside counsel of each such Holder's representation that it is knowledgeable with respect to the due diligence review process that an underwriter would perform in connection with an offering of securities registered pursuant to the Securities Act), covering the matters customarily covered in opinions requested in underwritten offerings and such other matters as may be reasonably requested by such counsel and underwriters and (<u>E</u>) deliver such documents and certificates as may be reasonably requested by a Holder selling Registrable Securities in such offering, the managing underwriters of such offering or their counsel to evidence the continued validity of the representations and warranties made pursuant to <u>Section</u> <u>4(m)</u> above and to evidence compliance with any customary conditions contained in the underwriting agreement or other agreement entered into by the Company (it being understood that the above shall be done at each closing under such underwriting or similar agreement, or as and to the extent required thereunder); <u>provided</u>, <u>however</u>, that any such records and other information provided under clauses (A) and (B) above that is not generally publicly available shall be subject to such confidential treatment as is customary for underwriters' due diligence reviews;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(o) in the case of any Underwritten Offering in which any Holder participates, cause its management to use their reasonable best efforts to support the marketing of the Registrable Securities covered by the Registration Statement (including participation in such number of "road shows" and other customary marketing activities, including "one-on-one" meetings with prospective purchasers of the Registrable Securities, in each case as the underwriter(s) reasonably request, and in any management diligence meetings or teleconferences as the underwriter(s) or their counsel reasonably request);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(p) cooperate with each seller of Registrable Securities and each underwriter or agent participating in the disposition of such Registrable Securities and their respective counsel in connection with any filings required to be made with the FINRA;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(q) otherwise use its reasonable best efforts to comply with all applicable rules and regulations of the SEC, and make available to its security holders, as soon as reasonably practicable, an earnings statement covering the period of at least twelve months beginning with the first day of the Company's first full calendar quarter after the effective date of any Registration Statement, which earnings statement will satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(r) cooperate with the Holders subject to the Registration Statement and with the underwriter(s) or agent participating in the distribution, if any, to facilitate any Charitable Gifting Event and to prepare and file with the SEC such amendments and supplements to such Registration Statement and the Prospectus used in connection therewith as may be necessary to permit any such recipient Charitable Organization to sell in the underwritten offering if it so elects.

The Company may require each Holder of Registrable Securities as to which any registration is being effected to furnish to the Company in writing such information required in connection with such registration regarding such seller and the distribution of such Registrable Securities as the Company may, from time to time, reasonably request and the Company may exclude from such registration the Registrable Securities of any Holder who unreasonably fails to furnish such information within a reasonable time after receiving such request.

The Company agrees not to file or make any amendment to any Registration Statement with respect to any Registrable Securities, or any amendment of or supplement to the Prospectus or any Free Writing Prospectus used in connection therewith, that refers to any Holder covered thereby by name, or otherwise identifies such Holder as the holder of any securities of the Company, without the consent of such Holder, such consent not to be unreasonably withheld or delayed, unless and to the extent such disclosure is required by law, in which case the Company shall furnish or otherwise make available to such Holder a copy of any such amendment or supplement no less than five Business Days prior to the filing of such amendment or supplement (unless and to the extent such amendment or supplement is required by law to be filed earlier) and including all comments reasonably and timely requested by such Holder thereon.

If the Company files any Shelf Registration Statement for the benefit of the holders of any of its securities other than the Holders, the Company agrees that it shall use its reasonable best efforts to include in such registration statement such disclosures as may be required by Rule 430B under the Securities Act (referring to the unnamed selling security holders in a generic manner by identifying the initial offering of the securities to the Holders) in order to ensure that the Holders may be added to such Shelf Registration Statement at a later time through the filing of a Prospectus supplement rather than a post-effective amendment.

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Each Holder holding Registrable Securities agrees if such Holder has Registrable Securities covered by such Registration Statement that, upon receipt of any notice from the Company of the happening of any event of the kind described in <u>Sections</u> <u>4(c)</u><u>(ii)</u>, <u>4(c)</u><u>(iii)</u>, <u>4(c)</u><u>(iv)</u>, <u>4(c)</u><u>(v)</u> and <u>4(c)</u><u>(vi)</u> hereof, such Holder will promptly discontinue disposition of such Registrable Securities covered by such Registration Statement or Prospectus until such Holder's receipt of the copies of the supplemented or amended Prospectus contemplated by <u>Section</u> <u>4(j)</u> hereof, or until it is advised in writing by the Company that the use of the applicable Prospectus may be resumed, and has received copies of any additional or supplemental filings that are incorporated or deemed to be incorporated by reference in such Prospectus; <u>provided</u>, <u>however</u>, that the time periods under <u>Section</u> <u>2</u> with respect to the length of time that the effectiveness of a Registration Statement must be maintained shall automatically be extended by the amount of time the Holder is required to discontinue disposition of such securities.

Notwithstanding any provision hereof to the contrary, to the extent that any *pro rata* or other allocation or reduction of Registrable Securities is required pursuant to <u>Sections 2(h)</u>, <u>3(d)</u>, <u>3(e)</u> or any other section herein, (<u>i</u>) all Registrable Securities transferred by a Holder to a Charitable Organization in connection with an underwritten offering for which such *pro rata* or other allocation is required shall be included in the number of Registrable Securities deemed to be held by each Holder (or deemed to be included in such Holder's request for inclusion of Registrable Securities) for purposes of calculating such Holder's *pro rata* allocation or reduction in such underwritten offering and (<u>ii</u>) the number of Registrable Securities that a Holder is otherwise entitled to include in such underwritten offering shall be reduced by the number of Registrable Securities transferred by such Holder to a Charitable Organization in connection with such underwritten offering.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. <u>Indemnification</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Indemnification by the Company</u>. The Company shall, without limitation as to time, indemnify and hold harmless, to the fullest extent permitted by law, each Holder of Registrable Securities whose Registrable Securities are covered by a Registration Statement or Prospectus, the officers, directors, partners, members, managers, shareholders, accountants, attorneys, agents and employees of each of them, each Person who controls (within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act) each such Holder and the officers, directors, partners, members, managers, shareholders, accountants, attorneys, agents and employees of each such controlling person, each underwriter, if any, and each Person who controls (within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act) such underwriter (each such person being referred to herein as a "<u>Covered Person</u>"), from and against any and all losses, claims, damages, liabilities, costs (including costs of preparation and reasonable attorneys' fees and any legal or other fees or expenses incurred by such party in connection with any investigation or proceeding), expenses, judgments, fines, penalties, charges and amounts paid in settlement (collectively, "<u>Losses</u>"), as incurred, arising out of or based upon any untrue or alleged untrue statement of a material fact contained in any Prospectus,

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Registration Statement or Free Writing Prospectus or any amendment thereof or supplement thereto or any document incorporated by reference therein or based on any omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein not misleading, or any violation by the Company of the Securities Act, the Exchange Act, any state securities law, or any rule or regulation thereunder applicable to the Company and relating to any action or inaction in connection with the related offering of Registrable Securities, and will reimburse each such Covered Person for any legal and any other expenses reasonably incurred in connection with investigating and defending or settling any such Loss, <u>provided</u> that the Company will not be liable in any such case to the extent that any such Loss arises out of or is based on any untrue statement or omission by such Covered Person relating to such Covered Person or its Affiliates (other than the Company or any of its Subsidiaries), but only to the extent, that such untrue statement (or alleged untrue statement) or omission (or alleged omission) is made in such Registration Statement, Prospectus, Free Writing Prospectus or any amendment thereof or supplement thereto, or any document incorporated by reference therein, in each case in reliance upon and in conformity with written information furnished to the Company by such Covered Person with respect to such Covered Person for use therein. It is agreed that the indemnity agreement contained in this <u>Section</u> <u>5(a)</u> shall not apply to amounts paid in settlement of any such Loss or action if such settlement is effected without the consent of the Company (which consent shall not be unreasonably withheld or delayed).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Indemnification by Holder of Registrable Securities</u>. As a condition to including any Registrable Securities in any Registration Statement filed in accordance with <u>Section</u> <u>4</u> hereof, the Company shall have received an undertaking reasonably satisfactory to it from the prospective seller of such Registrable Securities to indemnify, to the fullest extent permitted by law, severally and not jointly with any other Holders holding Registrable Securities, the Company, its directors and officers and each Person who controls (within the meaning of Section 15 of the Securities Act and Section 20 of the Exchange Act) the Company and all other prospective sellers, from and against all Losses arising out of or based on any untrue or alleged untrue statement of a material fact contained in any such Registration Statement, Prospectus or Free Writing Prospectus or any amendment thereof or supplement thereto, or any document incorporated by reference therein, or any omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein not misleading, and will reimburse the Company, such directors and officers, and controlling persons and prospective sellers for any legal or any other expenses reasonably incurred in connection with investigating or defending any such Loss, in each case to the extent, but only to the extent, that such untrue statement or omission is made in such Registration Statement, Prospectus or Free Writing Prospectus or any amendment thereof or supplement thereto, or any document incorporated by reference therein, in each case in reliance upon and in conformity with written information furnished to the Company by such Holder with respect to such Holder for inclusion in such Registration Statement, Prospectus or Free Writing Prospectus or any amendment thereof or supplement thereto, or any document incorporated by reference therein; <u>provided</u>, <u>however</u>, that the obligations of such Holder hereunder shall not apply to amounts paid in settlement of any such Losses (or actions in respect thereof) if such settlement is effected without the consent of such Holder (which consent shall not be unreasonably withheld); and <u>provided</u>, <u>further</u>, that the liability of such Holder of Registrable Securities shall be limited to the net proceeds received by such selling Holder from the sale of Registrable Securities covered by such Registration Statement.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Conduct of Indemnification Proceedings</u>. If any Person shall be entitled to indemnity hereunder (an "<u>Indemnified Party</u>"), such Indemnified Party shall give prompt notice to the party from which such indemnity is sought (the "<u>Indemnifying Party</u>") of any claim or of the commencement of any proceeding with respect to which such Indemnified Party seeks indemnification or contribution pursuant hereto; <u>provided</u>, <u>however</u>, that the delay or failure to so notify the Indemnifying Party shall not relieve the Indemnifying Party from any obligation or liability except to the extent that the Indemnifying Party has been materially prejudiced by such delay or failure. The Indemnifying Party shall have the right, exercisable by giving written notice to an Indemnified Party promptly after the receipt of written notice from such Indemnified Party of such claim or proceeding, to, unless in the Indemnified Party's reasonable judgment a conflict of interest between such indemnified and indemnifying parties may exist in respect of such claim, assume, at the Indemnifying Party's expense, the defense of any such claim or proceeding, with counsel reasonably satisfactory to such Indemnified Party; <u>provided</u>, <u>however</u>, that an Indemnified Party shall have the right to employ separate counsel in any such claim or proceeding and to participate in the defense thereof, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party unless: (<u>i</u>) the Indemnifying Party agrees to pay such fees and expenses; or (<u>ii</u>) the Indemnifying Party fails promptly to assume, or in the event of a conflict of interest cannot assume, the defense of such claim or proceeding or fails to employ counsel reasonably satisfactory to such Indemnified Party; in which case the Indemnified Party shall have the right to employ counsel and to assume the defense of such claim or proceeding at the Indemnifying Party's expense; <u>provided</u>, <u>further</u>, <u>however</u>, that the Indemnifying Party shall not, in connection with any one such claim or proceeding or separate but substantially similar or related claims or proceedings in the same jurisdiction, arising out of the same general allegations or circumstances, be liable for the fees and expenses of more than one firm of attorneys (together with appropriate local counsel) at any time for all of the Indemnified Parties, or for fees and expenses that are not reasonable. Whether or not such defense is assumed by the Indemnifying Party, such Indemnifying Party will not be subject to any liability for any settlement made without its consent (but such consent will not be unreasonably withheld or delayed). Without the prior written consent of the Indemnified Party, the Indemnifying Party shall not consent to entry of any judgment or enter into any settlement that (<u>x</u>) does not include as an unconditional term thereof the giving by the claimant or plaintiff to such Indemnified Party of a release, in form and substance reasonably satisfactory to the Indemnified Party, from all liability in respect of such claim or litigation for which such Indemnified Party would be entitled to indemnification hereunder or (<u>y</u>) involves the imposition of equitable remedies or the imposition of any obligations on the Indemnified Party or adversely affects such Indemnified Party other than as a result of financial obligations for which such Indemnified Party would be entitled to indemnification hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>Contribution</u>. If the indemnification provided for in this <u>Section</u> <u>5</u> is unavailable to an Indemnified Party in respect of any Losses (other than in accordance with its terms), then each applicable Indemnifying Party, in lieu of indemnifying such Indemnified Party, shall contribute to the amount paid or payable by such Indemnified Party as a result of such Losses, in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party, on the one hand, and such Indemnified Party, on the other hand, in connection with the actions, statements or omissions that resulted in such Losses as well as any other relevant equitable considerations. The relative fault of such Indemnifying Party, on the one hand, and Indemnified Party, on the other hand, shall be determined by reference to, among other things, whether any action in question, including any untrue or alleged untrue statement of a material fact or omission or alleged omission to state a material fact, has been made (or omitted) by, or relates to information supplied by, such Indemnifying Party or Indemnified Party, and the parties' relative intent, knowledge, access to information and opportunity to correct or prevent any such action, statement or omission.

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The parties hereto agree that it would not be just and equitable if contribution pursuant to this <u>Section</u> <u>5(d)</u> were determined by pro rata allocation or by any other method of allocation that does not take account of the equitable considerations referred to in the immediately preceding paragraph. Notwithstanding the provisions of this <u>Section</u> <u>5(d)</u>, an Indemnifying Party that is a selling Holder holding Registrable Securities shall not be required to contribute any amount in excess of the amount that such Indemnifying Party has otherwise been, or would otherwise be, required to pay pursuant to <u>Section</u> <u>5(b)</u> by reason of such untrue or alleged untrue statement or omission or alleged omission. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation.

Notwithstanding the foregoing, to the extent that the provisions on indemnification and contribution contained in the underwriting agreement entered into in connection with the underwritten public offering are more favorable to the Holders than the foregoing provisions, the provisions in the underwriting agreement shall control.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) <u>Reserved</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) <u>Non-Exclusivity</u>. The obligations of the parties under this <u>Section</u> <u>5</u> shall be in addition to any liability which any party may otherwise have to any other party.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. <u>Registration Expenses</u> . All fees and expenses incurred in the performance of or compliance with this Agreement by the Company including (<u>i</u>) all registration and filing fees (including fees and expenses (<u>A</u>) with respect to filings required to be made with the SEC, all applicable securities exchanges and/or FINRA and (<u>B</u>) with respect to compliance with securities or blue sky laws, including any fees and disbursements of counsel for the underwriters in connection with blue sky qualifications of the Registrable Securities pursuant to <u>Section</u> <u>4(g)</u>), (<u>ii</u>) printing expenses (including expenses of printing certificates for Registrable Securities in a form eligible for deposit with The Depository Trust Company and of printing Prospectuses if the printing of Prospectuses is requested by the managing underwriter(s), if any, of an Underwritten Offering, or by the Holders), (<u>iii</u>) messenger, telephone and delivery expenses of the Company, (<u>iv</u>) fees and disbursements of counsel for the Company, (<u>v</u>) expenses of the Company incurred in connection with any road show, and (<u>vi</u>) fees and disbursements of all independent registered public accounting firms referred to in <u>Section</u> <u>4(m)</u> hereof (including the expenses of any comfort letters required by this Agreement) and any other persons, including special experts retained by the Company, (<u>vii</u>) reasonable, documented out-of-pocket fees and expenses of outside legal counsel (together with appropriate local counsel) to the Holders retained in connection with registrations or Underwritten Offerings contemplated hereby in an amount not to exceed $100,000 for each registration and Underwritten Offering, (<u>viii</u>) all reasonable fees and disbursements of underwriters (other than those described in the next paragraph) customarily paid by issuers or sellers of securities, and (<u>ix</u>) all other costs, fees and expenses incident to the

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Company's performance or compliance with this Agreement (other than those described in the next paragraph), shall be borne by the Company whether or not any Registration Statement is filed or becomes effective (all such expenses, "<u>Registration Expenses</u>"). In addition, the Company shall pay its internal expenses (including all salaries and expenses of its officers and employees performing legal or accounting duties), the expense of any annual audit, the fees and expenses incurred in connection with the listing of the securities to be registered on any securities exchange on which similar securities issued by the Company are then listed and rating agency fees and the fees and expenses of any Person, including special experts, retained by the Company.

The Company shall not be required to pay (<u>i</u>) any underwriter's fees (including discounts, commissions or fees of underwriters, selling brokers, dealer managers or similar securities industry professionals) relating to the distribution of the Registrable Securities (other than with respect to Registrable Securities sold by the Company), (<u>ii</u>) expenses (other than the Company's internal expenses) in connection with any offering pursuant to a Demand Request or Shelf Takedown begun pursuant to <u>Section</u> <u>2</u>, the request of which has been subsequently withdrawn by the demanding Holder unless (<u>x</u>) the withdrawal is based upon (<u>A</u>) any fact, circumstance, event, change, effect or occurrence that individually or in the aggregate with all other facts or circumstances, events, changes, effects or occurrences has a material adverse effect on the Company or (<u>B</u>) material adverse information concerning the Company that the Company had not publicly disclosed at least forty-eight (48) hours prior to such registration request or that the Company had not otherwise notified, in writing, the demanding Holder of at the time of such request, or (<u>y</u>) the Holder issuing such Demand Request or requesting such Shelf Takedown, as applicable, has not withdrawn two Demand Requests relating to Underwritten Offerings of a type not covered by the foregoing clauses (ii)(x)(A) or (ii)(x)(B) or (<u>z</u>) after the demanding Holder's withdrawal of two such Demand Requests where such withdrawal is not covered by clauses (iii)(x)(A) or (iii)(x)(B), such demanding Holder agrees to forfeit its right to one Demand Registration pursuant to <u>Section</u> <u>2</u> with respect to the limit set forth in <u>Section</u> <u>2(e)</u> or (<u>iii</u>) any other expenses of the Holders holding Registrable Securities not specifically required to be paid by the Company pursuant to the first paragraph of this <u>Section</u> <u>6</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. <u>Rule 144</u>. The Company covenants that it will file the reports required to be filed by it under the Securities Act and the Exchange Act and the rules and regulations adopted by the SEC thereunder (or, if the Company is not required to file such reports, it will, upon the request of any of the Holders, make publicly available such information so long as necessary to permit sales of Registrable Securities pursuant to Rule 144), and it will take such further action as any Holder of Registrable Securities (or, if the Company is not required to file reports as provided above, any of the Holders) may reasonably request, all to the extent required from time to time to enable such Holder to sell shares of Registrable Securities without registration under the Securities Act within the limitation of the exemptions provided by Rule 144. Upon the request of any Holder of Registrable Securities, the Company will deliver to such Holder a written statement as to whether it has complied with such requirements and will, within the limitations of the exemption provided by Rule 144 (as such rule may be amended from time to time) or any similar rule enacted by the SEC, instruct the transfer agent to remove the restrictive legend affixed to any Common Shares or Preferred Shares to enable such shares to be sold in compliance with Rule 144 (as such rule may be amended from time to time) or any similar rule enacted by the SEC.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. <u>Certain Additional Agreements</u>. If any Registration Statement or comparable statement under state blue sky laws refers to any Holder by name or otherwise as the holder of any securities of the Company, then such Holder shall have the right to require (<u>a</u>) the insertion therein of language, in form and substance satisfactory to such Holder and the Company, to the effect that the holding by such Holder of such securities is not to be construed as a recommendation by such Holder of the investment quality of the Company's securities covered thereby and that such holding does not imply that such Holder will assist in meeting any future financial requirements of the Company, or (<u>b</u>) in the event that such reference to such Holder by name or otherwise is not in the judgment of the Company required by the Securities Act or any similar federal statute or any state blue sky or securities law then in force, the deletion of the reference to such Holder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. <u>Miscellaneous</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Termination</u>. The provisions of this Agreement (other than <u>Section</u> <u>5</u> and <u>Section</u> <u>6</u>) shall terminate upon the earliest to occur of (<u>i</u>) its termination by the written agreement of all parties hereto or their respective successors in interest, (<u>ii</u>) the date on which the Holders cease to own any Registrable Securities or Preferred Shares and (<u>iii</u>) the dissolution, liquidation or winding up of the Company. Nothing herein shall relieve any party from any liability for the breach of any of the agreements set forth in this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Holdback Agreement</u>. In consideration for the Company agreeing to its obligations under this Agreement, each Holder agrees in connection with any Underwritten Offering of Registrable Securities (whether or not such Holder is participating in such transaction) upon the request of the Company and the underwriter(s) managing such Underwritten Offering, not to effect (other than pursuant to such registration) any public sale or distribution of Registrable Securities, including, but not limited to, any sale pursuant to Rule 144, or make any short sale of, loan, grant any option for the purchase of, or otherwise dispose of, or enter into any swap or other arrangement that transfers to another Person any of the economic consequences of ownership of, any Registrable Securities, any other equity securities of the Company or any securities convertible into or exchangeable or exercisable for any equity securities of the Company without the prior written consent of the Company or such underwriters, as the case may be, during the Holdback Period.

If any registration pursuant to <u>Section</u> <u>2</u> of this Agreement shall be in connection with any Underwritten Offering, the Company will not effect any public sale or distribution of any common equity (or securities convertible into or exchangeable or exercisable for common equity) (other than a registration statement (<u>i</u>) on Form S-4, Form S-8 or any successor forms promulgated for similar purposes or (<u>ii</u>) filed in connection with an exchange offer or any employee benefit or dividend reinvestment plan) for its own account, during the Holdback Period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Amendments and Waivers</u>. This Agreement may be amended and the Company may take any action herein prohibited, or omit to perform any act herein required to be performed by it, only if any such amendment, action or omission to act, has received the written consent of the Company and each of the Holders. The failure of any party to enforce any of the provisions of this Agreement shall in no way be construed as a waiver of such provisions and

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shall not affect the right of such party thereafter to enforce each and every provision of this Agreement in accordance with its terms. Any Holder may waive (in writing) the benefit of any provision of this Agreement with respect to itself for any purpose. Any such waiver shall constitute a waiver only with respect to the specific matter described in such writing and shall in no way impair the rights of the Holder granting such waiver in any other respect or at any other time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>Successors, Assigns and Transferees</u>. CD&R Investor may assign any of its rights, interests and obligations hereunder to any Permitted Rights Transferee who acquires at least 5% of the then-outstanding Common Shares (on an as-converted basis), and in the event of, and as a condition to, any such assignment, such assignee shall enter into a joinder agreement substantially in the form of <u>Exhibit A</u> hereto. The Holders acknowledge that no limited partner of an investment fund managed by Clayton, Dubilier & Rice, LLC or any portfolio company thereof (excluding the Company and its Subsidiaries) will be deemed to be a Holder for purposes of this Agreement. Notwithstanding the foregoing, any notice (or Demand Request, as applicable) of a Holder to register Registrable Securities pursuant to a registration statement under the Securities Act pursuant to, and in accordance with, <u>Section</u> <u>2(b)</u>, <u>Section</u> <u>2(e)</u> or <u>Section</u> <u>3(a)</u> shall be deemed to include, and the Company shall register (subject to the limitations and conditions otherwise applicable to the Holder), any portion of such Registrable Securities that are transferred to a Permitted Rights Transferee prior to the execution of an underwriting agreement in connection with an Underwritten Offering, provided that the notice (or Demand Request, as applicable) described in <u>Section</u> <u>2(b)</u>, <u>Section</u> <u>2(e)</u> or <u>Section</u> <u>3(a)</u>, as applicable, includes the identity of such Permitted Rights Transferee, the relationship (if any) of such Permitted Rights Transferee with the Company, their beneficial ownership of Common Shares or Preferred Shares, the Registrable Securities held by such Permitted Rights Transferee to be included in such registration and the intended method of distribution thereof, and any other information reasonably requested by the Company and/or the managing underwriter(s) for inclusion in the applicable Registration Statement, Prospectus, Free Writing Prospectus or any amendment thereof or supplement thereto. The parties agree that upon CD&R Investor's assignment of any of its rights, interests and obligations hereunder to any Permitted Rights Transferee in connection with CD&R Investor's transfer of Registrable Securities or Preferred Shares to any Permitted Rights Transferee who acquires at least 5% of the then-outstanding Common Shares (on an as-converted basis), the parties will act in good faith to amend this Agreement to provide for the assignment of such rights, interests and obligations to such new Holder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) <u>Notices</u>. All notices, requests and other communications to any party hereunder shall be in writing (including facsimile transmission) and shall be given:

If to the Company, to:

Columbus McKinnon Corporation

13320 Ballantyne Corporate Place, Suite D

Charlotte, NC 28277

Attention: General Counsel

Email: alan.korman@cmworks.com

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with a copy (which shall not constitute notice) to:

DLA Piper LLP (US)

1251 Avenue of the Americas

27th Floor

New York, NY 10020

Attention: James L. Kelly;

Ilya A. Bubel

Email: james.kelly@us.dlapiper.com;

ilya.bubel@us.dlapiper.com

if to a Holder, to:

c/o Clayton, Dubilier & Rice, LLC

375 Park Avenue, 18<sup>th</sup> Floor

New York, NY 10152

Attn: Andrew Campelli, Michael Pratt

Email: acampelli@cdr-inc.com, mpratt@cdr-inc.com

with a copy (which shall not constitute notice) to:

Debevoise & Plimpton LLP

66 Hudson Boulevard

New York, NY 10001

Attention: Morgan J. Hayes, Uri Herzberg, Katherine Durnan Taylor

Email: mjhayes@debevoise.com, uherzberg@debevoise.com,

ketaylor@debevoise.com

or such other address or email as such party may hereafter specify for the purpose by notice to the other parties hereto.

All such notices, requests and other communications shall be deemed received on the date of receipt by the recipient thereof if received prior to 5:00 p.m. on a Business Day in the place of receipt. Otherwise, any such notice, request or communication shall be deemed to have been received on the next succeeding Business Day in the place of receipt.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) <u>Further Assurances</u>. At any time or from time to time after the date hereof, the parties agree to cooperate with each other, and at the request of any other party, to execute and deliver any further instruments or documents and to take all such further action as the other party may reasonably request in order to evidence or effectuate the consummation of the transactions contemplated hereby and to otherwise carry out the intent of the parties hereunder.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) <u>Preservation of Rights</u>. The Company will not (<u>i</u>) grant any registration right to third parties which are more favorable than or inconsistent with the rights granted hereunder or (<u>ii</u>) enter into any agreement, take any action or permit any change to occur, with respect to its securities that violates or subordinates the rights expressly granted to the Holders.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) <u>Entire Agreement; No Third Party Beneficiaries</u>. This Agreement (<u>i</u>) constitutes the entire agreement among the parties with respect to the subject matter of this Agreement and supersede any prior discussions, correspondence, negotiation, proposed term sheet, agreement, understanding or agreement and there are no agreements, understandings, representations or warranties between the parties other than those set forth or referred to in this Agreement and (<u>ii</u>) except as provided in <u>Section</u> <u>5</u> with respect to an Indemnified Party, is not intended to confer in or on behalf of any Person not a party to this Agreement (and their successors and assigns) any rights, benefits, causes of action or remedies with respect to the subject matter or any provision hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) <u>Governing Law; Jurisdiction and Forum; Waiver of Jury Trial</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) This Agreement shall be governed by and construed in accordance with the laws of the State of New York applicable to contracts executed and to be performed wholly within such State and without reference to the choice-of-law principles that would result in the application of the laws of a different jurisdiction.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Each party to this Agreement irrevocably submits to the jurisdiction of the United States District Court for the Southern District of New York or any court of the State of New York located in such district any suit, action or other proceeding arising out of or relating to this Agreement, and hereby irrevocably agrees that all claims in respect of such suit, action or proceeding may be heard and determined in such court. Each party to this Agreement hereby irrevocably waives, to the fullest extent that it may effectively do so, the defense of an inconvenient forum to the maintenance of such suit, action or other proceeding. The parties further agree, to the extent permitted by law, that final and unappealable judgment against any of them in any suit, action or other proceeding contemplated above shall be conclusive and may be enforced in any other jurisdiction within or outside the United States by suit on the judgment, a certified copy of which shall be conclusive evidence of the fact and amount of such judgment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) EACH PARTY HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY RIGHT SUCH PARTY MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) <u>Severability</u>. If any term, provision, covenant or restriction of this Agreement is held by a court of competent jurisdiction or other authority to be invalid, void or unenforceable, the remainder of the terms, provisions, covenants and restrictions of this Agreement shall remain in full force and effect and shall in no way be affected, impaired or invalidated so long as the economic or legal substance of the transactions contemplated hereby is not affected in any manner materially adverse to any party hereto. Upon such a determination, the parties shall negotiate in good faith to modify this Agreement so as to effect the original intent of the parties as closely as possible in a mutually acceptable manner in order that the transactions contemplated hereby be consummated as originally contemplated to the fullest extent possible.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) <u>Enforcement</u>. Each party hereto acknowledges that money damages would not be an adequate remedy in the event that any of the covenants or agreements in this Agreement are not performed in accordance with its terms, and it is therefore agreed that in addition to and without limiting any other remedy or right it may have, the non-breaching party will have the right to an injunction, temporary restraining order or other equitable relief in any court of competent jurisdiction enjoining any such breach and enforcing specifically the terms and provisions hereof. In any action or proceeding brought to enforce any provision of this Agreement, the successful party shall be entitled to recover reasonable attorneys' fees in addition to its costs and expenses and other available remedies.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l) <u>Titles and Subtitles</u>. The titles of the sections and subsections of this Agreement are for convenience of reference only and will not affect the meaning or interpretation of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m) <u>No Recourse</u>. Notwithstanding anything that may be expressed or implied in this Agreement, the Company and each Holder (other than CD&R Investor) covenant, agree and acknowledge that no recourse under this Agreement or any documents or instruments delivered in connection with this Agreement shall be had against any current or future director, officer, employee, shareholder, general or limited partner or member of CD&R Investor or of any Affiliate or assignee thereof, whether by the enforcement of any assessment or by any legal or equitable proceeding, or by virtue of any statute, regulation or other applicable law, it being expressly agreed and acknowledged that no personal liability whatsoever shall attach to, be imposed on or otherwise be incurred by any current or future director, officer, employee, shareholder, general or limited partner or member of CD&R Investor or of any Affiliate or assignee thereof, as such for any obligation of CD&R Investor under this Agreement or any documents or instruments delivered in connection with this Agreement for any claim based on, in respect of or by reason of such obligations or their creation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(n) <u>Counterparts; PDF Signatures</u> . This Agreement may be executed in any number of counterparts (including via facsimile and electronic transmission), each of which shall be an original, but all of which together shall constitute one instrument. This Agreement may be executed by PDF signature(s).

*[Remainder of page left intentionally blank]* 

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IN WITNESS WHEREOF, each of the undersigned has executed this Agreement or caused this Agreement to be duly executed on its behalf as of the date first written above.

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| | |
|:---|:---|
| COLUMBUS MCKINNON CORPORATION | COLUMBUS MCKINNON CORPORATION |
| By: | /s/ David J. Wilson |
| Name: | David J. Wilson |
| Title: | President and Chief Executive Officer |

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*[Signature Page to Registration Rights Agreement]* 

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| | |
|:---|:---|
| **CD&R XII KEYSTONE HOLDINGS, L.P.** | **CD&R XII KEYSTONE HOLDINGS, L.P.** |
| By: CD&R Investment Associates XII, Ltd., its general partner | By: CD&R Investment Associates XII, Ltd., its general partner |
| By: | /s/ Nathan K. Sleeper |
|  | Name: Nathan K. Sleeper |
|  | Title: Chief Executive Officer |

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*[Signature Page to Registration Rights Agreement]* 

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

<u>JOINDER AGREEMENT</u> 

Reference is made to the Registration Rights Agreement, dated as of February 3, 2026 (as amended from time to time, the "<u>Agreement</u>"), by and among Columbus McKinnon Corporation, a New York corporation, and the other parties thereto, if any. The undersigned agrees, by execution hereof, to become a party to, and to be subject to the rights and obligations under the Agreement.

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| | |
|:---|:---|
| [NAME] | [NAME] |
| By: |  |
|  | Name: |
|  | Title: |
| Date: | Date: |
| Address: | Address: |

---

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| | |
|:---|:---|
| Acknowledged by: | Acknowledged by: |
| [•] | [•] |
| By: |  |
|  | Name: |
|  | Title: |

---

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**<u>Exhibit B</u>**

FORM OF CERTIFICATE OF AMENDMENT TO THE CERTIFICATE OF

INCORPORATION OF COLUMBUS MCKINNON CORPORATION

[attached]

## Exhibit 99.1

**Exhibit 99.1**![LOGO](g54396g0204084709166.jpg)

***News Release***

*13320 Ballantyne Corporate Place Suite D* 

*Charlotte, NC 28277* 

*Immediate Release* 

**Columbus McKinnon Completes Acquisition of Kito Crosby** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Complementary combination creates a global leader in lifting solutions with enhanced capabilities to serve
customers across diverse end markets and geographies

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Business combination with Kito Crosby expected to scale the business, deliver improved Adjusted
EBITDA Margin and enhance shareholder value through the delivery of $70 million of expected net annual run rate cost synergies

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Executive Leadership Team appointed to drive growth, margin expansion, synergy realization and net leverage
reduction

**CHARLOTTE, NC,** February 4, 2026 - <u>Columbus McKinnon Corporation</u> (Nasdaq: CMCO) ("Columbus McKinnon" or the "Company"), a leading designer, manufacturer and marketer of intelligent motion solutions for material handling, announced today that it has completed its acquisition (the "Acquisition") of Kito Crosby Limited ("Kito Crosby") from funds managed by leading global investment firm, KKR.

The Company expects that the Acquisition will scale the business of the combined Company, deliver improved Adjusted EBITDA Margin and enhance shareholder value through the delivery of $70 million of expected net annual run rate cost synergies with upside from potential revenue synergies.

"This is a transformational moment for Columbus McKinnon, expanding our offerings and scale to further our vision of becoming a global leader in intelligent motion solutions for materials handling," said David J. Wilson, President and Chief Executive Officer of Columbus McKinnon. "This transaction brings together two innovative companies with industry-leading technical expertise, customer-centric cultures and a shared vision for operational excellence to drive new levels of safety, reliability and performance for customers across the globe. We're very excited to officially welcome Kito Crosby to our global team as we combine the best of our collective businesses and set a new standard of excellence across the industry."

Columbus McKinnon announced on February 10, 2025, that it had entered into a definitive agreement to acquire Kito Crosby. The Acquisition was approved pursuant to 14 regulatory review processes, including clearance by the Antitrust Division of the U.S. Department of Justice under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, on January 31, 2026.

**Executive Leadership Team** 

In conjunction with the closing of the Acquisition, Columbus McKinnon is announcing a new Executive Leadership Team, designed to lead the combined organization into its next phase of growth. The team will be comprised of leaders from both Columbus McKinnon and Kito Crosby, who bring deep commercial, operational and functional expertise, proven track records in the industrials sector and a rich legacy of innovation.

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David Wilson will serve as President and Chief Executive Officer and Gregory Rustowicz will serve as Executive Vice President and Chief Financial Officer. Appal Chintapalli, the Company's current President of the Americas will be joined by Yoshio Kito, President of Asia Pacific, and Wim Fabricius, President of Europe, the Middle East & Africa, to serve as the Company's regional business leaders. Jon Backes and Carlo Lonardi will continue to serve in significant leadership roles within the Americas organization, President of Americas Lifting Hardware and President of Americas Hoist & Cranes, respectively, reporting to Appal Chintapalli. These business leaders will be complemented by an exceptional set of functional leaders from both Kito Crosby and Columbus McKinnon who will round out the Executive Leadership Team.

"Built on a foundation of shared values and guided by these leaders, our team is well-positioned to deliver enhanced value for our customers and shareholders, combining the best of both organizations to accelerate innovation in material handling solutions," added Wilson. "I'm confident that we will leverage our industry-leading expertise to deliver on our most critical initiatives, including successfully integrating our business, realizing cost synergies, generating revenue synergies and reducing our Net Leverage Ratio."

Together, the new leadership team possesses a wealth of talent, deep industry knowledge, operational expertise and strong financial discipline. Additionally, several leaders will continue to support the Company in advisory capacities through a transition period over the next several months. The team is grateful to KKR (the former majority owner of Kito Crosby) and the Kito Crosby leadership team for successfully positioning their business for this next chapter.

**Board of Directors** 

In connection with CD&R's $800.0 million Series A cumulative convertible participating preferred share investment as part of the financing for the Acquisition, Columbus McKinnon expanded its Board of Directors from 9 directors to 12 directors and appointed Michael Lamach, Nate Sleeper and Andrew Campelli to serve on the Board of Directors. Each of these leaders has significant experience partnering with management teams to create lasting value at a wide variety of companies, particularly in the industrials and manufacturing sectors.

**Advisors** 

For Columbus McKinnon, J.P. Morgan Securities LLC is acting as the financial advisor, and DLA Piper LLP (US), Hodgson Russ LLP, Hogan Lovells US LLP and Skadden, Arps, Slate, Meagher & Flom LLP are acting as legal advisors. Evercore and Goldman Sachs & Co. LLC are acting as lead financial advisors and UBS Investment Bank is acting as financial advisor for Kito Crosby and KKR, while Kirkland & Ellis LLP and Simpson Thacher & Bartlett LLP are acting as legal advisors. Debevoise & Plimpton LLP is acting as legal advisor for CD&R, with Guggenheim Securities LLC acting as its financial advisor.

**About Columbus McKinnon** 

Columbus McKinnon is a leading worldwide designer, manufacturer and marketer of intelligent motion solutions that move the world forward and improve lives by efficiently and ergonomically moving, lifting, positioning, and securing materials. Key products include hoists, crane components, precision conveyor systems, rigging tools, light rail workstations, and digital power and motion control systems. The Company is focused on commercial and industrial applications that require the safety and quality provided by its superior design and engineering know-how. Comprehensive information on Columbus McKinnon is available at <u>www.cmco.com</u>.

**About Kito Crosby** 

Kito Crosby is the global leader of the lifting and securement industry it pioneered, and for which it continues to set the quality standard. With global engineering, manufacturing, distribution, and operations, the company provides a broad range of products and solutions for the most demanding applications. Kito Crosby's people, products, solutions, and service have innovated the lifting and securement industry for more than 260 years. Together we lift and secure the world today, for a safer, stronger, and more productive tomorrow. Our iconic brands include Kito, Crosby, Harrington, Gunnebo Industries, Peerless and eepos.

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**Forward Looking Statements** 

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are generally identified by the use of forward-looking terminology, including the terms "anticipate," "believe," "continue," "could," "estimate," "expect," "illustrative," "intend," "likely," "may," "opportunity," "plan," "possible," "potential," "predict," "project," "shall," "should," "target," "will," "would" and, in each case, their negative or other various or comparable terminology. Forward-looking statements are not based on historical facts, but instead represent our current expectations and assumptions regarding the Acquisition, our business, the business of Kito Crosby and our combined businesses, our future and pro forma expected financial results, including regarding improvements to Adjusted EBITDA Margin, the amount of annual net run rate cost synergies that we are able to achieve in connection with the Acquisition, the economy and other future conditions, and involve known and unknown risks, uncertainties and other factors that could cause the actual results, performance or achievements of Columbus McKinnon, Kito Crosby and the combined businesses to differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, (1) the risk that the cost synergies and any revenue synergies from the Acquisition may not be fully realized or may take longer than anticipated to be realized, (2) disruption to the parties' businesses as a result of the pendency of the transactions, (3) the risk that the integration of Kito Crosby's business and operations into Columbus McKinnon will be materially delayed or will be more costly or difficult than expected, or that Columbus McKinnon is otherwise unable to successfully integrate Kito Crosby's businesses into its own, including as a result of unexpected factors or events, (4) reputational risk and the reaction of each company's customers, suppliers, employees or other business partners to the Acquisition, (5) the dilution caused by the issuance of perpetual convertible preferred equity to CD&R, (6) risks related to management and oversight of the expanded business and operations of Columbus McKinnon following the Acquisition due to the increased size and complexity of its business, and (7) general competitive, economic, political and market conditions and other factors that may affect future results of Columbus McKinnon, Kito Crosby or the combined businesses. These risks also include, but are not limited to, the risk factors that are described under the section titled "Risk Factors" in our Annual Report on Form 10-K for the fiscal year ended March 31, 2025 and our Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2025, as well as in our other filings with the Securities and Exchange Commission, which are available on its website at www.sec.gov. Given these uncertainties, you should not place undue reliance on these forward-looking statements. Forward-looking statements speak only as of the date they are made. Columbus McKinnon undertakes no duty to update publicly any such forward-looking statement, whether as a result of new information, future events or otherwise, except as may be required by applicable law, regulation or other competent legal authority.

**Contact** 

Kristine Moser

VP IR and Treasurer

Columbus McKinnon Corporation

704-322-2488

<u>kristy.moser@cmco.com</u>