Document:

Exhibit 10.2

 

 

ABL
Credit Agreement

 

among

 

RENT-A-CENTER, INC.

 

as Borrower,

 

The Several Lenders from Time to Time Parties
Hereto,

 

and

 

JPMORGAN CHASE BANK, N.A.

 

as Administrative Agent,

 

Dated as of February 17, 2021

 

______________________________________________________________

 

JPMORGAN CHASE BANK, N.A.,

CREDIT SUISSE LOAN FUNDING LLC,

HSBC SECURITIES (USA) INC.,

CITIZENS BANK, N.A. and

TRUIST SECURITIES, INC.

as Joint Lead Arrangers and Joint Bookrunners

 

CREDIT SUISSE
LOAN FUNDING LLC and

HSBC SECURITIES
(USA) INC.,

as Co-Syndication Agents

 

CITIZENS BANK,
N.A. and

TRUIST BANK,

as Co-Documentation Agents

 

 

    

     

    

 

TABLE
OF CONTENTS

 

Page

 

	SECTION 1.  
    DEFINITIONS	1
	 	1.1	Defined Terms	1
	 	1.2	Classification of Loans and Borrowings	63
	 	1.3	Other Definitional Provisions	63
	 	1.4	Interest Rate; LIBOR Notification	64
	 	1.5	Letter of Credit Amounts	64
	 	1.6	Divisions	64
	 	1.7	Limited Condition Transactions	65
	 	1.8	Calculations	66
	 	1.9	Discontinued Operations	67
	 	1.10	Bridge Loans and Escrow Indebtedness	67
	 	 	 	 
	SECTION 2.  
    AMOUNT AND TERMS OF COMMITMENTS	67
	 	2.1	Commitments	67
	 	2.2	Procedure for Revolving Loan Borrowing	68
	 	2.3	Protective Advances	68
	 	2.4	[Reserved]	69
	 	2.5	[Reserved]	69
	 	2.6	[Reserved]	69
	 	2.7	[Reserved]	69
	 	2.8	Fees, etc.	69
	 	2.9	Termination or Reduction of Commitments	70
	 	2.10	Optional Prepayments	70
	 	2.11	Mandatory Prepayment of Loans	70
	 	2.12	Conversion and Continuation Options	71
	 	2.13	Limitations on Eurodollar Borrowings	71
	 	2.14	Interest Rates and Payment Dates	72
	 	2.15	Computation of Interest and Fees	72
	 	2.16	Alternate Rate of Interest	72
	 	2.17	Pro Rata Treatment and Payments	75
	 	2.18	Requirements of Law	77
	 	2.19	Taxes	79
	 	2.20	Indemnity	83
	 	2.21	Change of Lending Office	83
	 	2.22	Replacement of Lenders	84
	 	2.23	Defaulting Lenders	84
	 	2.24	Incremental Facilities	86
	 	 	 	 
	SECTION 3.  
    LETTERS OF CREDIT	87
	 	3.1	L/C Commitment	87
	 	3.2	Procedure for Issuance of Letter of Credit	88
	 	3.3	Fees and Other Charges	88
	 	3.4	L/C Participations	88

 

    i

     

    

 

	 	3.5	Reimbursement Obligation
    of the Borrower	89
	 	3.6	Obligations Absolute	90
	 	3.7	Letter of Credit Payments	90
	 	3.8	Applications	91
	 	3.9	Replacement and Resignation of Issuing Lenders	91
	 	 	 	 
	SECTION 4.  
    REPRESENTATIONS AND WARRANTIES	91
	 	4.1	Financial Condition	91
	 	4.2	No Change	92
	 	4.3	Existence; Compliance with Law	92
	 	4.4	Power; Authorization; Enforceable Obligations	92
	 	4.5	No Legal Bar	93
	 	4.6	Litigation	93
	 	4.7	No Default	93
	 	4.8	Ownership of Property; Liens	93
	 	4.9	Intellectual Property	93
	 	4.10	Taxes	94
	 	4.11	Federal Regulations	94
	 	4.12	Labor Matters	94
	 	4.13	ERISA	94
	 	4.14	Investment Company Act; Other Regulations	95
	 	4.15	Subsidiaries; Capital Stock	95
	 	4.16	Use of Proceeds	95
	 	4.17	Environmental Matters	96
	 	4.18	Accuracy of Information, etc.	96
	 	4.19	Security Documents	97
	 	4.20	Solvency	97
	 	4.21	Senior Indebtedness	97
	 	4.22	[Reserved]	97
	 	4.23	Anti-Corruption Laws, Anti-Money Laundering
    and Sanctions	97
	 	4.24	Affected Financial Institutions	97
	 	4.25	Subject Agreements	98
	 	 	 	 
	SECTION 5.  
    CONDITIONS PRECEDENT	98
	 	5.1	Conditions to Initial Extension of Credit	98
	 	5.2	Conditions to Each Extension of Credit	102
	 	 	 	 
	SECTION 6.  
    AFFIRMATIVE COVENANTS 	102
	 	6.1	Financial Statements	102
	 	6.2	Certificates; Borrowing Base; Other Information	104
	 	6.3	Payment of Taxes	106
	 	6.4	Maintenance of Existence; Compliance	106
	 	6.5	Maintenance of Insurance	106
	 	6.6	Books and Records; Inspection of Property; Discussions;
    Appraisals; Field Examinations	107
	 	6.7	Notices	108
	 	6.8	Environmental Laws	108

 

    ii

     

    

 

	 	6.9	Post-Closing Actions	109
	 	6.10	Additional Collateral, etc.	109
	 	6.11	Designation of Subsidiaries	111
	 	6.12	Deposit Account Control Agreements; Controlled
    Accounts	111
	 	6.13	Rental and Sales Agreements	112
	 	6.14	Electronic Chattel Paper Control System Implementation
    Date	113
	 	 	 	 
	SECTION 7.  
    NEGATIVE COVENANTS	113
	 	7.1	Consolidated Fixed Charge Coverage Ratio	113
	 	7.2	Indebtedness	114
	 	7.3	Liens	118
	 	7.4	Fundamental Changes	122
	 	7.5	Disposition of Property	122
	 	7.6	Restricted Payments	125
	 	7.7	Investments	127
	 	7.8	Optional Payments and Modifications of Certain
    Debt Instruments	130
	 	7.9	Transactions with Affiliates	131
	 	7.10	Sales and Leasebacks	132
	 	7.11	Swap Agreements	132
	 	7.12	Changes in Fiscal Periods	132
	 	7.13	Negative Pledge Clauses	133
	 	7.14	Clauses Restricting Subsidiary Distributions	134
	 	7.15	Lines of Business	134
	 	7.16	Use of Proceeds	134
	 	7.17	Subject Agreements	135
	 	 	 	 
	SECTION 8.  
    EVENTS OF DEFAULT	135
	 	 	 	 
	SECTION 9.  
    THE AGENTS	139
	 	9.1	Appointment	139
	 	9.2	Administrative Agent’s Reliance, Indemnification,
    Etc.	141
	 	9.3	Posting of Communications	142
	 	9.4	The Administrative Agent Individually	143
	 	9.5	Successor Administrative Agent	144
	 	9.6	Acknowledgements of Lenders and Issuing Lenders	145
	 	9.7	Collateral Matters	145
	 	9.8	Credit Bidding	146
	 	9.9	Certain ERISA Matters	147
	 	 	 	 
	SECTION 10.  
    MISCELLANEOUS	148
	 	10.1	Amendments and Waivers	148
	 	10.2	Notices	149
	 	10.3	No Waiver; Cumulative Remedies	150
	 	10.4	Survival of Representations and Warranties	150
	 	10.5	Payment of Expenses and Taxes; Indemnification;
    Limitation of Liability	151
	 	10.6	Successors and Assigns; Participations and Assignments	152
	 	10.7	Adjustments; Set-off	157

 

    iii

     

    

 

	 	10.8	Counterparts; Electronic
    Execution	158
	 	10.9	Severability	159
	 	10.10	Integration	159
	 	10.11	GOVERNING LAW	159
	 	10.12	Submission To Jurisdiction; Waivers	159
	 	10.13	Acknowledgements	160
	 	10.14	Releases of Guarantees and Liens	161
	 	10.15	Confidentiality	162
	 	10.16	WAIVERS OF JURY TRIAL	163
	 	10.17	USA Patriot Act	163
	 	10.18	Intercreditor Agreement	163
	 	10.19	Acknowledgement and Consent to Bail-In of Affected
    Financial Institutions	164
	 	10.20	Acknowledgement Regarding Any Supported QFCs	164

 

    iv

     

    

 

SCHEDULES:

 

		1.1	Commitments

		3.1	Existing Letters of Credit

		4.13	Pension Plans

		4.15	Subsidiaries

		4.19	UCC Filing Jurisdictions

		7.2(e)	Existing Indebtedness

		7.2(s)	Acquired Indebtedness

		7.3(f)	Existing Liens

		7.5(l)	Scheduled Dispositions

		7.7(k)	Existing Investments

		7.13	Negative Pledge Clauses

		7.14	Clauses Restricting Subsidiary Distributions

 

EXHIBITS:

 

		A	Form of Borrowing Request

		B	Form of Interest Election Request

		C	Form of Officer’s Certificate

		D	Form of Guarantee and Collateral
                                         Agreement

		E	Form of Assignment and Assumption

		F	Form of Compliance Certificate

		G	Form of Collateral Monitoring Template

		H-1	U.S. Tax Compliance Certificate (For
                                         Non-U.S. Lenders that are not Partnerships for U.S. Federal Income Tax Purposes)

		H-2	U.S. Tax Compliance Certificate (For
                                         Non-U.S. Participants that are not Partnerships for U.S. Federal Income Tax Purposes)

		H-3	U.S. Tax Compliance Certificate (For
                                         Non-U.S. Participants that are Partnerships for U.S. Federal Income Tax Purposes)

		H-4	U.S. Tax Compliance Certificate (For
                                         Non-U.S. Lenders that are Partnerships for U.S. Federal Income Tax Purposes)

		I-1	Form of Increased Facility Activation
                                         Notice—Incremental Revolving Commitments

		I-2	Form of New Lender Supplement

		J	Form of Borrowing Base Certificate

		K	Form of Intercreditor Agreement

		L	Form of Solvency Certificate

 

    v

     

    

 

ABL
CREDIT AGREEMENT (this “Agreement”), dated as of February 17, 2021, among Rent-A-Center, Inc., a Delaware
corporation (the “Borrower”), the several banks and other financial institutions or entities from time to time
parties to this Agreement, JPMorgan Chase Bank, N.A., as administrative agent, and the other agents from time to time parties hereto.

 

The parties hereto hereby
agree as follows:

 

SECTION 1. DEFINITIONS

 

1.1            Defined
Terms. As used in this Agreement, the terms listed in this Section 1.1 shall have the respective meanings set forth in
this Section 1.1.

 

“ABL Priority
Collateral” has the meaning set forth in the Intercreditor Agreement.

 

“ABR”
means, when used in reference to any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing, bear
interest at a rate determined by reference to the Alternate Base Rate.

 

“Acima”
means Acima Holdings, LLC.

 

“Acima Acquisition”
means the Borrower’s direct or indirect acquisition of the Acquired Business from the existing equityholders of Acima in
all material respects in accordance with the terms of the Acquisition Agreement, pursuant to which Merger Sub (as defined in the
Acquisition Agreement) will merge with and into Acima, with Acima continuing as the surviving person.

 

“Acquired Business”
means Acima, together with its Subsidiaries.

 

“Acquisition
Agreement” means that certain Agreement and Plan of Merger, dated as of December 20, 2020, by and among the Borrower,
Merger Sub (as defined therein), Acima and Aaron Allred, as the Member Representative (as defined therein).

 

“Account”
has the meaning set forth in the Guarantee and Collateral Agreement.

 

“Account Debtor”
has the meaning set forth in the Guarantee and Collateral Agreement.

 

“Additional
Permitted Amount” has the meaning set forth in the definition of Permitted Refinancing Indebtedness.

 

“Adjusted LIBO
Rate” means, with respect to any Eurodollar Borrowing for any Interest Period, an interest rate per annum (rounded upwards,
if necessary, to the next 1/16 of 1%) equal to (a) the LIBO Rate for such Interest Period multiplied by (b) the Statutory
Reserve Rate.

 

“Adjustment
Date” has the meaning set forth in the definition of Applicable Pricing Grid.

 

    

     

    

 

“Administrative
Agent” means JPMorgan Chase Bank, N.A., together with its affiliates, as the administrative agent for the Lenders under
this Agreement and the other Loan Documents, together with any of its successors.

 

“Advisory Fees”
has the meaning set forth in the definition of Consolidated EBITDA.

 

“Affected
Financial Institution” means (a) any EEA Financial Institution or (b) any UK Financial Institution.

 

“Affiliate”
means, as to any Person, any other Person that, directly or indirectly, is in control of, is controlled by, or is under common
control with, such Person. For purposes of this definition, “control” of a Person means the power, directly or indirectly,
to direct or cause the direction of the management and policies of such Person, whether by contract or otherwise.

 

“Agents”
means the collective reference to the Administrative Agent and any other agent identified on the cover page of this Agreement.

 

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

 

“Alternate Base
Rate” means, for any day, a rate per annum equal to the greatest of (a) the Prime Rate in effect on such day, (b) the
NYFRB Rate in effect on such day plus 1⁄2 of 1% and (c) the Adjusted LIBO Rate for a one month Interest Period
on such day (or if such day is not a Business Day, the immediately preceding Business Day) plus 1%; provided that
for the purpose of this definition, the Adjusted LIBO Rate for any day shall be based on the LIBO Screen Rate (or if the LIBO Screen
Rate is not available for such one month Interest Period, the Interpolated Rate) at approximately 11:00 a.m. London time on
such day. Any change in the Alternate Base Rate due to a change in the Prime Rate, the NYFRB Rate or the Adjusted LIBO Rate shall
be effective from and including the effective date of such change in the Prime Rate, the NYFRB Rate or the Adjusted LIBO Rate,
respectively. If the Alternate Base Rate is being used as an alternate rate of interest pursuant to Section 2.16 (for the
avoidance of doubt, only until the Benchmark Replacement has been determined pursuant to Section 2.16(b)), then the Alternate
Base Rate shall be the greater of clauses (a) and (b) above and shall be determined without reference to clause (c) above.
For the avoidance of doubt, if the Alternate Base Rate as determined pursuant to the foregoing would be less than 1.00%, such rate
shall be deemed to be 1.00% for purposes of this Agreement.

 

“Ancillary Document”
has the meaning set forth in Section 10.8.

 

“Anti-Corruption
Laws” means all laws, rules and regulations of any jurisdiction applicable to the Borrower or its Subsidiaries from
time to time concerning or relating to bribery or corruption.

 

“Applicable
Margin” means, initially, 1.00% in the case of ABR Loans and 2.00% in the case of Eurodollar Loans and, thereafter, subject
to adjustment on each Adjustment Date in accordance with the Applicable Pricing Grids.

 

“Applicable
Parties” has the meaning set forth in Section 9.3(c).

 

    2

     

    

 

“Applicable
Pricing Grids” means the tables set forth below:

 

	Consolidated Leverage
 Ratio	 	Applicable Margin for
 ABR Loans	 	Applicable Margin for
 Eurodollar Loans
	< 1.00:1.00	 	0.50%	 	1.50%
	≥ 1.00:1.00 but < 2.00:1.00	 	0.75%	 	1.75%
	≥ 2.00:1.00	 	1.00%	 	2.00%

 

	Average Utilization for
 the Prior Month	 	Commitment Fee Rate
	<50%	 	0.3750%
	≥50%	 	0.250%

 

For the purposes of the
Applicable Pricing Grids, (a) the Consolidated Leverage Ratio shall be determined as of the end of each fiscal quarter of
the Borrower (beginning with the first full fiscal quarter of the Borrower ending after the Closing Date) based upon the Borrower’s
consolidated financial statements delivered pursuant to Section 6.1(a) or (b), (b) Average Utilization shall be
determined as of the first day of each calendar month (beginning with the calendar month that is immediately after the first full
fiscal quarter of the Borrower ending after the Closing Date) of the Borrower using the previous calendar month as the applicable
period, (c) changes in the Applicable Margin resulting from changes in the Consolidated Leverage Ratio shall become effective
on the next first calendar day of a month (the “Adjustment Date”) after the date on which the Borrower’s
consolidated financial statements are delivered to the Administrative Agent pursuant to Section 6.1(a) or (b) and
shall remain in effect until the next change to be effected pursuant to this paragraph and (d) changes to the Commitment Fee
Rate shall become effective on the first day of each calendar month based upon the Average Utilization during the previous calendar
month and shall remain in effect until the next change to be effected pursuant to this paragraph. If, as of any date that the Borrower’s
consolidated financial statements are scheduled to be delivered pursuant to Section 6.1(a) or (b), such consolidated
financial statements shall not have been delivered by such date, then, until the Adjustment Date occurring after the date on which
such consolidated financial statements are delivered, the highest rate set forth in each column of the Applicable Pricing Grid
shall apply. Automatically, upon the occurrence and continuance of an Event of Default pursuant to Section 8(f), the highest
rate set forth in each column of the Applicable Pricing Grid shall apply.

 

“Applicable
Reference Period” means as of any date of determination, the most recently ended Reference Period for which financial
statements with respect to each fiscal quarter included in such Reference Period have been delivered pursuant to Section 6.1(a) or
6.1(b) (or, prior to the delivery of any such financial statements, the Reference Period ended September 30, 2020).

 

    3

     

    

 

“Application”
means an application, in such form as the Issuing Lender may specify from time to time, requesting the Issuing Lender to open a
Letter of Credit, specifying the date of issuance, amendment, renewal or extension (which shall be a Business Day) and the date
on which such Letter of Credit is to expire and such other information as the Issuing Lender may request.

 

“Approved Electronic
Platform” has the meaning set forth in Section 9.3(a).

 

“Approved Fund”
has the meaning set forth in Section 10.6(b).

 

“Arrangers”
means JPMorgan Chase Bank, N.A., Credit Suisse Loan Funding LLC, HSBC Securities (USA) Inc., Citizens Bank, N.A. and Truist Securities, Inc.

 

“Assignee”
has the meaning set forth in Section 10.6(b)(i).

 

“Assignment
and Assumption” means an Assignment and Assumption, substantially in the form of Exhibit E or any other form (including
electronic records generated by the use of an electronic Platform) approved by the Administrative Agent.

 

“Attributable
Indebtedness” means in respect of any sale and leaseback transaction, as at the time of determination, the present value
(discounted at the implied interest rate in such transaction compounded annually) of the total obligations of the lessee for rental
payments during the remaining term of the lease included in such sale and leaseback transaction (including any period for which
such lease has been extended or may, at the option of the lessor, be extended).

 

“Availability”
means at any time, an amount equal to (a) the Line Cap minus (b) the Total Revolving Extensions of Credit then
outstanding (calculated, with respect to any Defaulting Lender, as if such Defaulting Lender had funded its Revolving Percentage
of all outstanding Revolving Loans).

 

“Available Commitment”
means as to any Revolving Lender at any time, an amount equal to the excess, if any, of (a) such Lender’s Commitment
then in effect over (b) such Lender’s Revolving Extensions of Credit then outstanding.

 

“Available Tenor”
means, as of any date of determination and with respect to the then-current Benchmark, as applicable, any tenor for such Benchmark
or payment period for interest calculated with reference to such Benchmark, as applicable, that is or may be used for determining
the length of an Interest Period 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
Section 2.16.

 

“Average Utilization”
means, for any period, an amount, expressed as a percentage, equal to (a) the daily average Total Revolving Extensions of
Credit for such period divided by (b) the daily average Total Commitments for such period.

 

“Bail-In
Action” means the exercise of any Write-Down and Conversion Powers by the applicable Resolution Authority in respect
of any liability of an Affected Financial Institution.

 

    4

     

    

 

“Bail-In
Legislation” means (a) with respect to any EEA Member Country implementing Article 55 of Directive 2014/59/EU
of the European Parliament and of the Council of the European Union, the implementing law, regulation rule or requirement
for such EEA Member Country from time to time which is described in the EU Bail-In Legislation Schedule and (b) with respect
to the United Kingdom, Part I of the United Kingdom Banking Act 2009 (as amended from time to time) and any other law, regulation
or rule applicable in the United Kingdom relating to the resolution of unsound or failing banks, investment firms or other
financial institutions or their affiliates (other than through liquidation, administration or other insolvency proceedings).

 

“Bank Products”
means any of the following bank: (a) commercial credit cards and merchant cards, (b) stored value cards, (c) purchasing
cards and (d) treasury, depositary or cash management services (including operations, collections, payroll, trust, e-payable,
electronic funds transfer, wire transfer, information reporting, lockbox, stop payment, controlled disbursement, automated clearinghouse
transactions, return items, overdrafts and interstate depository network services) or any other banking products or services as
may be requested by the Loan Parties.

 

“Banking Services”
means Bank Products provided to the Borrower or any of its Restricted Subsidiaries by (a) the Administrative Agent or any
of its Affiliates or (b) any Lender or any of its Affiliates, in each case whether in existence on the Closing Date or provided
after the Closing Date.

 

“Banking Services
Obligations” means with respect to the Loan Parties, any and all obligations of the Loan Parties, whether absolute or
contingent and howsoever and whensoever created, arising, evidenced or acquired (including all renewals, extensions and modifications
thereof and substitutions therefor) in connection with Banking Services.

 

“Banking Services
Reserves” means all Reserves that the Administrative Agent from time to time establishes in its Permitted Discretion
for Banking Services then provided or outstanding.

 

“Bankruptcy
Code” means Title 11 of the United States Code (11 U.S.C. § 101 et seq.), as now and hereafter in effect, or any
successor statute.

 

“Bankruptcy
Event” means with respect to any Person, such Person becomes the subject of a bankruptcy or insolvency proceeding, or
has had a receiver, conservator, trustee, administrator, custodian, assignee for the benefit of creditors or similar Person charged
with the reorganization or liquidation of its business appointed for it, or, in the good faith determination of the Administrative
Agent, has taken any action in furtherance of, or indicating its consent to, approval of, or acquiescence in, any such proceeding
or appointment, provided that a Bankruptcy Event shall not result solely by virtue of any ownership interest, or the acquisition
of any ownership interest, in such Person by a Governmental Authority or instrumentality thereof, provided, further, that such
ownership interest does not result in or provide such Person with immunity from the jurisdiction of courts within the United States
or from the enforcement of judgments or writs of attachment on its assets or permit such Person (or such Governmental Authority
or instrumentality) to reject, repudiate, disavow or disaffirm any contracts or agreements made by such Person.

 

    5

     

    

 

“Bankruptcy
Plan” means a reorganization or plan of liquidation pursuant to any Debtor Relief Laws.

 

“Base
Incremental Amount” means as of any date, an amount equal to (i) the greater of (A) $500,000,000 and (B) 100%
of Consolidated EBITDA calculated on a Pro Forma Basis for the Applicable Reference Period less (ii) the aggregate principal
amount of Indebtedness established pursuant to Section 7.2(b) or Section 7.2(t) after the Closing Date and
prior to such date in reliance on the Base Incremental Amount.

 

“Benchmark”
means, initially, the LIBO Rate; provided that if a Benchmark Transition Event, a Term SOFR Transition Event or an Early
Opt-in Election, as applicable, and its related Benchmark Replacement Date have occurred with respect to the LIBO Rate or the then-current
Benchmark, then “Benchmark” means the applicable Benchmark Replacement to the extent that such Benchmark Replacement
has replaced such prior benchmark rate pursuant to clause (b) or clause (c) of Section 2.16.

 

“Benchmark Replacement”
means, for any Available Tenor, the first alternative set forth in the order below that can be determined by the Administrative
Agent for the applicable Benchmark Replacement Date:

 

(1) the sum of:
(a) Term SOFR and (b) the related Benchmark Replacement Adjustment;

 

(2) the sum of:
(a) Daily Simple SOFR and (b) the related Benchmark Replacement Adjustment;

 

(3) the sum of:
(a) the alternate benchmark rate that has been selected by the Administrative Agent and the Borrower as the replacement for
the then-current Benchmark for the applicable Corresponding Tenor giving due consideration to (i) any selection or recommendation
of a replacement benchmark rate or the mechanism for determining such a rate by the Relevant Governmental Body or (ii) any
evolving or then-prevailing market convention for determining a benchmark rate as a replacement for the then-current Benchmark
for Dollar-denominated syndicated credit facilities at such time and (b) the related Benchmark Replacement Adjustment;

 

provided that, in the case of clause
(1), such Unadjusted Benchmark Replacement is 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; provided further that, notwithstanding
anything to the contrary in this Agreement or in any other Loan Document, upon the occurrence of a Term SOFR Transition Event,
and the delivery of a Term SOFR Notice, on the applicable Benchmark Replacement Date the “Benchmark Replacement” shall
revert to and shall be deemed to be the sum of (a) Term SOFR and (b) the related Benchmark Replacement Adjustment, as
set forth in clause (1) of this definition (subject to the first proviso above).

 

If the Benchmark Replacement
as determined pursuant to clause (1), (2) or (3) above would be less than zero, the Benchmark Replacement will be deemed
to be zero for the purposes of this Agreement and the other Loan Documents.

 

    6

     

    

 

“Benchmark Replacement
Adjustment” means, with respect to any replacement of the then current Benchmark with an Unadjusted Benchmark Replacement
for any applicable Interest Period and Available Tenor for any setting of such Unadjusted Benchmark Replacement:

 

(1) for purposes
of clauses (1) and (2) of the definition of “Benchmark Replacement,” the first alternative set forth in the
order below that can be determined by the Administrative Agent:

 

(a) the spread
adjustment, or method for calculating or determining such spread adjustment, (which may be a positive or negative value or zero)
as of the Reference Time such Benchmark Replacement is first set for such Interest Period that has been selected or recommended
by the Relevant Governmental Body for the replacement of such Benchmark with the applicable Unadjusted Benchmark Replacement for
the applicable Corresponding Tenor;

 

(b) the spread
adjustment (which may be a positive or negative value or zero) as of the Reference Time such Benchmark Replacement is first set
for such Interest Period that would apply to the fallback rate for a derivative transaction referencing the ISDA Definitions to
be effective upon an index cessation event with respect to such Benchmark for the applicable Corresponding Tenor; and

 

(2) for purposes
of clause (3) of the definition of “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 for the applicable Corresponding Tenor giving due consideration to (i) any selection or recommendation
of a spread adjustment, or method for calculating or determining such spread adjustment, for the replacement of such Benchmark
with the applicable Unadjusted Benchmark Replacement by the Relevant Governmental Body on the applicable Benchmark Replacement
Date or (ii) any evolving or then-prevailing market convention for determining a spread adjustment, or method for calculating
or determining such spread adjustment, for the replacement of such Benchmark with the applicable Unadjusted Benchmark Replacement
for U.S. dollar denominated syndicated credit facilities;

 

provided that,
in the case of clause (1) above, such adjustment is displayed on a screen or other information service that publishes such
Benchmark Replacement Adjustment from time to time as selected by the Administrative Agent in its reasonable discretion.

 

“Benchmark Replacement
Conforming Changes” means, with respect to any Benchmark Replacement, any technical, administrative or operational changes
(including changes to the definition of “Alternate Base Rate,” the definition of “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 decides may be appropriate to reflect
the adoption and implementation of such Benchmark Replacement and to permit the administration thereof by the Administrative Agent
in a manner substantially consistent with market practice (or, if the Administrative Agent 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 Replacement exists, in such other manner of administration as the Administrative Agent decides
is reasonably necessary in connection with the administration of this Agreement and the other Loan Documents).

 

    7

     

    

 

“Benchmark Replacement
Date” means the earliest to occur of the following events with respect to the then-current Benchmark:

 

(1) in the case
of clause (1) or (2) of the definition of “Benchmark Transition Event,” the later of (a) the date of
the public statement or publication of information referenced therein and (b) 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);

 

(2) in the case
of clause (3) of the definition of “Benchmark Transition Event,” the date of the public statement or publication
of information referenced therein; or

 

(3) in the case
of a Term SOFR Transition Event, the date that is thirty (30) days after the date a Term SOFR Notice is provided to the Lenders
and the Borrower pursuant to Section 2.14(c); or

 

(4) in the case
of an Early Opt-in Election, the sixth (6th) Business Day after the date notice of such Early Opt-in Election is provided to the
Lenders, so long as the Administrative Agent has not received, by 5:00 p.m. (New York City time) on the fifth (5th) Business
Day after the date notice of such Early Opt-in Election is provided to the Lenders, written notice of objection to such Early Opt-in
Election from Lenders comprising the Required Lenders.

 

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

 

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

 

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

 

    8

     

    

 

(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 Federal Reserve Board, the NYFRB, an insolvency official with jurisdiction over the administrator
for such Benchmark (or such component), a resolution authority with jurisdiction over the administrator for such Benchmark (or
such component) or a court or an entity with similar insolvency or resolution authority over the administrator for such Benchmark
(or such component), which states that the administrator of such Benchmark (or such component) has ceased or will cease to provide
all Available Tenors of such Benchmark (or such component thereof) permanently or indefinitely; provided that, at the time
of such statement or publication, there is no successor administrator that will continue to provide any Available Tenor of such
Benchmark (or such component thereof); or

 

(3) 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) announcing that all Available Tenors of such Benchmark (or such component thereof) are no longer
representative.

 

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

 

“Benchmark Unavailability
Period” means the period (if any) (x) 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 the then-current Benchmark
for all purposes hereunder and under any Loan Document in accordance with Section 2.16 and (y) ending at the time that
a Benchmark Replacement has replaced the then-current Benchmark for all purposes hereunder and under any Loan Document in accordance
with Section 2.16.

 

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

 

“Benefitted
Lender” has the meaning set forth in Section 10.7(a).

 

“BHC Act Affiliate”
of a party means an “affiliate” (as such term is defined under, and interpreted in accordance with, 12 U.S.C. 1841(k))
of such party.

 

“Board”
means the Board of Governors of the Federal Reserve System of the United States (or any successor).

 

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

 

“Borrower Debt
Repayment” means the repayment of, termination of all commitments under and the discharge of and release of all security
and guarantees in respect of (i) the Existing Term Loan Facility and (ii) the Existing ABL Facility, in each case, as
amended, supplemented or otherwise modified.

 

“Borrower Materials”
has the meaning set forth in Section 10.15.

 

    9

     

    

 

“Borrowing”
means Revolving Loans of the same Facility and Type, made, converted or continued on the same date and, in the case of Eurodollar
Loans, as to which a single Interest Period is in effect.

 

“Borrowing Base”
means at any time, the sum of:

 

(a)           (i) 65%
of the book value of the Loan Parties’ Eligible Installment Sales Accounts at such time, plus

 

(b)         80%
of the Net Orderly Liquidation Value of the Loan Parties’ Eligible Inventory Held for Rent, determined on a “new”
versus “used” basis, identified in the most recent Inventory appraisal ordered by the Administrative Agent, plus

 

(c)         65%
of the lesser of (i) the Net Orderly Liquidation Value identified in the most recent Rental Agreement Portfolio appraisal
ordered by the Administrative Agent and (ii) if the Administrative Agent has received a Collateral Monitoring Template pursuant
to Section 6.1(c) subsequent to the delivery of the most recent Rental Agreement Portfolio appraisal ordered by the Administrative
Agent, the monthly discounted cash flow amount set forth in the Collateral Monitoring Template most recently delivered pursuant
to Section 6.1(c), minus

 

(d)           Reserves;

 

provided
that in calculating the Borrowing Base, the value of that portion of the Borrowing Base described in clause (c) shall not
exceed an amount equal to 65% of the Recent Rental Proceeds.

 

The specified percentages
set forth in this definition will not be reduced without the consent (not to be unreasonably withheld, delayed or conditioned)
of the Borrower. Any determination by the Administrative Agent in respect of the Borrowing Base shall be based on the Administrative
Agent’s Permitted Discretion. The parties understand that the exclusionary criteria in the definitions of Eligible Installment
Sales Accounts, Eligible Inventory Held for Rent and Eligible Rental Agreements, any Reserves that may be imposed as provided herein,
any deductions or other adjustments to determine “lower of cost or market” and factors considered in the calculation
of Net Orderly Liquidation Value have the effect of reducing the Borrowing Base and, accordingly, whether or not any provisions
hereof so state, all of the foregoing shall be determined without duplication so as not to result in multiple reductions in the
Borrowing Base for the same facts or circumstances.

 

The
Borrowing Base at any time shall be determined by reference to the most recent Borrowing Base Certificate delivered to the Administrative
Agent pursuant to Section 5.1(p), Section 6.2(g) or 6.2(i) of this Agreement.

 

“Borrowing Base
Certificate” means a certificate, signed by a Responsible Officer of the Borrower, in substantially the form of Exhibit J
or another form which is acceptable to the Administrative Agent in its reasonable discretion. All calculations of the Borrowing
Base in connection with the preparation of the Borrowing Base Certificate shall be made by the Borrower.

 

    10

     

    

 

“Borrowing Date”
means any Business Day specified by the Borrower as a date on which the Borrower requests the relevant Lenders to make Loans hereunder.

 

“Borrowing Request”
means a request by the Borrower for a Revolving Borrowing in accordance with Section 2.2, which shall be substantially in
the form of Exhibit A or any other form approved by the Administrative Agent.

 

“Business Day”
means a day other than a Saturday, Sunday or other day on which commercial banks in New York City are authorized or required by
law to close, provided, that with respect to notices and determinations in connection with, and payments of principal and
interest on, Loans having an interest rate determined by reference to the Adjusted LIBO Rate, such day is also a day for trading
by and between banks in Dollar deposits in the interbank eurodollar market.

 

“Capital Expenditures”
means for any period, with respect to any Person, the aggregate of all expenditures by such Person and its Restricted Subsidiaries
for the acquisition or leasing (pursuant to a finance lease) of fixed or capital assets or additions to equipment (including replacements,
capitalized repairs and improvements during such period) that is required to be capitalized under GAAP on a consolidated balance
sheet of such Person and its Restricted Subsidiaries.

 

“Capital Stock”
means any and all shares, interests, participations or other equivalents (however designated) of capital stock of a corporation,
any and all equivalent ownership interests in a Person (other than a corporation) and any and all warrants, rights or options to
purchase any of the foregoing, but excluding any debt securities convertible into any of the foregoing.

 

“Cash Equivalents”
means (a) marketable direct obligations issued by, or unconditionally guaranteed by, the United States Government or issued
by any agency thereof and backed by the full faith and credit of the United States, in each case maturing within two years from
the date of acquisition; (b) certificates of deposit, time deposits, eurodollar time deposits or overnight bank deposits having
maturities of six months or less from the date of acquisition issued by any Lender or by any commercial bank organized under the
laws of the United States or any state thereof having combined capital and surplus of not less than $250,000,000; (c) commercial
paper of an issuer rated at least A-2 by S&P or P-2 by Moody’s, or carrying an equivalent rating by a nationally recognized
rating agency, if both of the two named rating agencies cease publishing ratings of commercial paper issuers generally, and maturing
within nine months from the date of acquisition; (d) repurchase obligations of any Lender or of any commercial bank satisfying
the requirements of clause (b) of this definition, having a term of not more than 30 days, with respect to securities issued
or fully guaranteed or insured by the United States government; (e) securities with maturities of two years or less from the
date of acquisition issued or fully guaranteed by any state, commonwealth or territory of the United States, by any political subdivision
or taxing authority of any such state, commonwealth or territory or by any foreign government, the securities of which state, commonwealth,
territory, political subdivision, taxing authority or foreign government (as the case may be) are rated at least A by S&P or
A by Moody’s; (f) securities with maturities of six months or less from the date of acquisition backed by standby letters
of credit issued by any Lender or any commercial bank satisfying the requirements of clause (b) of this definition; (g) money
market mutual or similar funds that invest exclusively in assets satisfying the requirements of clauses (a) through (f) of
this definition; or (h) money market funds that (i) comply with the criteria set forth in SEC Rule 2a-7 under the
Investment Company Act of 1940, as amended, (ii) are rated AAA by S&P and Aaa by Moody’s and (iii) have portfolio
assets of at least $1,000,000,000.

 

    11

     

    

 

“CFC”
means (a) each Person that is a “controlled foreign corporation” for purposes of the Code and (b) each Subsidiary
of any such Person.

 

“CFC Holding
Company” means each Domestic Subsidiary substantially all of the assets of which consist of Capital Stock of one or more
(a) CFCs or (b) Persons described in this definition.

 

“Change
of Control” means the acquisition of ownership, directly or indirectly, beneficially or of record, by any Person or group
(within the meaning of the Exchange Act and the rules of the SEC thereunder, but excluding any employee benefit plan of such
Person or its Subsidiaries and any Person acting in its capacity as trustee, agent or other fiduciary or administrator of such
plan) of Capital Stock of the Borrower representing more than 40% of the aggregate ordinary (in the absence of contingencies) voting
power represented by the issued and outstanding Capital Stock of the Borrower. Notwithstanding the preceding sentence or any provision
of Rule 13d-3 of the Exchange Act (as in effect on the Closing Date), a person or “group” shall not be deemed
to beneficially own securities subject to an equity or asset purchase agreement, merger agreement or similar agreement (or voting
or option or similar agreement related thereto) until the consummation of the transactions contemplated by such agreement.

 

“Closing
Date” means February 17, 2021.

 

“Code”
means the Internal Revenue Code of 1986, as amended.

 

“Collateral”
means all property of the Loan Parties, now owned or hereafter acquired, upon which a Lien is purported to be created by any Security
Document.

 

“Collateral
Monitoring Template” means a certificate substantially in the form of Exhibit G or such other form as may be approved
by the Administrative Agent in its reasonable discretion.

 

“Collateral
Access Agreement” means any landlord waiver or other agreement, in form and substance reasonably satisfactory to the
Administrative Agent, between the Administrative Agent and any third party (including any bailee, consignee, customs broker, or
other similar Person) in possession of any Collateral or any landlord of any real property where any Collateral is located, as
such landlord waiver or other agreement may be amended, restated, replaced or otherwise modified from time to time.

 

“Collection
Account” means individually and collectively, each “Collection Account” referred to in the Guarantee and
Collateral Agreement.

 

“Commencement
Date” has the meaning set forth in Section 7.1.

 

    12

     

    

 

“Commitment”
means as to any Lender, the obligation of such Lender, if any, to make Revolving Loans and participate in Letters of Credit and
Protective Advances in an aggregate principal and/or face amount not to exceed the amount set forth under the heading “Commitment”
opposite such Lender’s name on Schedule 1.1 or in the Assignment and Assumption or Increased Facility Activation Notice pursuant
to which such Lender became a party hereto, as the same may be changed from time to time pursuant to the terms hereof. The original
amount of the Total Commitments on the Closing Date is $550,000,000.

 

“Commitment
Fee Rate” means, initially 0.375% per annum and, thereafter, subject to adjustment on the first day of each calendar
month in accordance with the Applicable Pricing Grids.

 

“Commodity Exchange
Act” means the Commodity Exchange Act (7 U.S.C. § 1 et seq.), as amended from time to time, and any successor statute.

 

“Communications”
means, collectively, any notice, demand, communication, information, document or other material provided by or on behalf of any
Loan Party pursuant to any Loan Document or the transactions contemplated therein which is distributed by the Administrative Agent,
any Lender or any Issuing Lender by means of electronic communications pursuant to Section 9.3, including through an Approved
Electronic Platform.

 

“Compliance
Certificate” means a certificate duly executed by a Responsible Officer substantially in the form of Exhibit F.

 

“Connection
Income Taxes” means Other Connection Taxes that are imposed on or measured by net income (however denominated) or that
are franchise Taxes or branch profits Taxes.

 

“Consolidated
Cash Interest Coverage Ratio” means as at the last day of any Reference Period, the ratio of (a) Consolidated Cash
Interest Expense for such period to (b) Consolidated EBITDA for such period.

 

“Consolidated
Cash Interest Expense” means for any period, without duplication, (a) total cash interest expense (including imputed
interest expense attributable to payments of Finance Lease Obligations) of the Borrower and its Restricted Subsidiaries for such
period with respect to all outstanding Specified Indebtedness of the Borrower and its Restricted Subsidiaries (excluding all commissions,
discounts and other fees and charges owed with respect to letters of credit and bankers’ acceptance financing and net costs
under Swap Agreements in respect of interest rates to the extent such net costs are allocable to such period in accordance with
GAAP) plus (b) commissions, discounts, yield and other fees and charges (including Securitization Fees) incurred in connection
with any Qualified Securitization Transaction which are payable to Persons other than the Borrower and its Restricted Subsidiaries.
For the purposes of calculating Consolidated Cash Interest Expense for any Reference Period pursuant to any determination of the
Consolidated Cash Interest Coverage Ratio, (i) if at any time during such Reference Period the Borrower or any Restricted
Subsidiary shall have made any Material Disposition, the Consolidated Cash Interest Expense for such Reference Period shall be
reduced by an amount equal to the Consolidated Cash Interest Expense attributable to any Restricted Subsidiary that is the subject
of such Material Disposition for such Reference Period, (ii) if during such Reference Period the Borrower or any Restricted
Subsidiary shall have made a Material Acquisition, Consolidated Cash Interest Expense for such Reference Period shall be calculated
after giving pro forma effect thereto as if such Material Acquisition occurred on the first day of such Reference Period and (iii) in
the case of any Reference Period which includes any fiscal quarter ended on or prior to the Closing Date, for each such fiscal
quarter ended on or prior to the Closing Date, Consolidated Cash Interest Expense shall be deemed to be $18,552,158, in each case
subject to any pro forma adjustments (other than in respect of the Acima Acquisition) permitted under this Agreement.

 

    13

     

    

 

“Consolidated
EBITDA” means for any period, Consolidated Net Income for such period plus, without duplication and to the extent
reflected as a charge in the statement of such Consolidated Net Income for such period, the sum of:

 

(a)           provisions
for taxes based on income or profits or capital, including state, franchise, excise and similar taxes and foreign withholding
taxes paid or accrued, including penalties and interest relating to tax examinations,

 

(b)           interest
expense, amortization or writeoff of debt discount and debt issuance costs and commissions, discounts and other fees and charges
associated with Indebtedness (including the Revolving Loans, the Term Loans and the Unsecured Notes),

 

(c)           depreciation
and amortization expense, including amortization of capitalized expenses for software-as-a-service solutions for accounting,

 

(d)           non-cash
charges, losses, expenses, accruals and provisions, including stock-based compensation and sale of assets not in the ordinary
course of business (but excluding any such non-cash charge to the extent that it represents an accrual or reserve for cash expenses
in any future period),

 

(e)           amortization
of intangibles (including, but not limited to, impairment of goodwill) and organization costs,

 

(f)            any
extraordinary, unusual or non-recurring charges, expenses or losses, including (i) legal settlement expenses and recoveries,
(ii) non-recurring natural disaster-related charges and (iii) infrequent or unusual inventory adjustments,

 

(g)           any
fees and expenses incurred during such period in connection with any Investment (including any Permitted Acquisition), Disposition,
issuance of Indebtedness or Capital Stock, or amendment or modification of any debt instrument, in each case permitted under this
Agreement, including (i) any such transactions undertaken but not completed and any transactions consummated prior to the
Closing Date and (ii) any financial advisory fees, accounting fees, legal fees and other similar advisory and consulting
fees, in each case paid in cash during such period (collectively, “Advisory Fees”),

 

(h)           any
fees and expenses incurred in connection with the Transactions, including Advisory Fees and (solely for purposes of this clause
(h)) cash charges or expenses in respect of strategic market reviews, stay or sign-on bonuses, integration-related bonuses, restructuring,
consolidation, severance or discontinuance of any portion of operations, employees and/or management,

 

    14

     

    

 

(i)            the
amount of “run-rate” cost savings, operating expense reductions, operating improvements, revenue enhancements, business
optimizations and synergies that are reasonably identifiable, factually supportable and projected by the Borrower in good faith
to be realized as a result of mergers and other business combinations, Permitted Acquisitions, divestitures, insourcing initiatives,
cost savings initiatives, plant consolidations, openings and closings, product rationalization and other similar initiatives after
the Closing Date, in each case to the extent not prohibited by this Agreement (collectively, “Initiatives”)
(calculated on a pro forma basis as though such cost savings, operating expense reductions, operating improvements, revenue enhancements,
business optimizations and synergies had been realized on the first day of the relevant Reference Period), net of the amount of
actual benefits realized in respect thereof; provided that (i) actions in respect of such cost-savings, operating expense
reductions, operating improvements, revenue enhancements, business optimizations and synergies have been, or will be, taken within
12 months of the applicable Initiative, (ii) no cost savings, operating expense reductions, operating improvements, revenue
enhancements, business optimizations or synergies shall be added pursuant to this clause (i) to the extent duplicative of
any expenses or charges otherwise added to (or excluded from) Consolidated EBITDA, whether through a pro forma adjustment or otherwise,
for such period, (iii) projected amounts (and not yet realized) may no longer be added in calculating Consolidated EBITDA
pursuant to this clause (i) to the extent occurring more than eight fiscal quarters after the applicable Initiative and (iv) with
respect to any Reference Period, the aggregate amount added back in the calculation of Consolidated EBITDA for such Reference Period
pursuant to this clause (i) and clause (j) below shall not exceed 25% of Consolidated EBITDA (calculated after giving
effect to any add-backs pursuant to this clause (i) and clause (j) below),

 

(j)          non-recurring
cash expenses or charges recognized for restructuring costs, integration costs and business optimization expenses in connection
with any Initiative; provided that with respect to any Reference Period, the aggregate amount added back in the calculation
of Consolidated EBITDA for such Reference Period pursuant to this clause (j) and clause (i) above shall not exceed
25% of Consolidated EBITDA (calculated after giving effect to any add-backs pursuant to this clause (j) and clause (i) above),

 

(k)        fees,
costs, expenses and charges associated with contract terminations; provided that with respect to any Reference Period, the
aggregate amount added back in the calculation of Consolidated EBITDA for such Reference Period pursuant to this clause (k) shall
not exceed 5% of Consolidated EBITDA (calculated after giving effect to any add-backs pursuant to this clause (k)),

 

(l)            losses,
charges and expenses related to the early extinguishment of Indebtedness, hedge agreements or other derivative instruments (including
deferred financing fees),

 

    15

     

    

 

(m)          losses,
charges and expenses attributable to abandoned, closed, Disposed or discontinued operations and losses, charges and expenses related
to the abandonment, closure, Disposal or discontinuation thereof,

 

(n)           charges,
expenses and other items described in the model delivered by the Borrower to the Arrangers on December 14, 2020, and

 

(o)           legal
and professional fees and expenses incurred in connection with the Transactions,

 

minus,

 

(x)            to
the extent included in the statement of such Consolidated Net Income for such period, the sum of:

 

(i) interest
income,

 

(ii) any
extraordinary, unusual or non-recurring income or gains (including, whether or not otherwise includable as a separate item in the
statement of such Consolidated Net Income for such period, gains on the sales of assets outside of the ordinary course of business),

 

(iii) income
tax credits (to the extent not netted from income tax expense),

 

(iv) any
other non-cash income (other than normal accruals in the ordinary course of business for non-cash income that represents an accrual
for cash income in a future period),

 

(v) gains
related to the early extinguishment of Indebtedness, hedge agreements or other derivative instruments (including deferred financing
fees), and

 

(vi) gains
attributable to abandoned, closed, Disposed or discontinued operations, and

 

(y)           any
cash payments made during such period in respect of items described in clause (d) above subsequent to the fiscal quarter in
which the relevant non-cash expenses or losses were reflected as a charge in the statement of Consolidated Net Income, all as determined
on a consolidated basis.

 

For the purposes of calculating Consolidated
EBITDA for any Reference Period pursuant to any determination of the Consolidated Leverage Ratio, Consolidated Secured Leverage
Ratio, Consolidated Senior Secured Leverage Ratio or Consolidated Cash Interest Coverage Ratio, (i) if at any time during
such Reference Period the Borrower or any Restricted Subsidiary shall have made any Material Disposition, the Consolidated EBITDA
for such Reference Period shall be reduced by an amount equal to the Consolidated EBITDA (if positive) attributable to the property
that is the subject of such Material Disposition for such Reference Period or increased by an amount equal to the Consolidated
EBITDA (if negative) attributable thereto for such Reference Period, (ii) if during such Reference Period the Borrower or
any Restricted Subsidiary shall have made a Material Acquisition, Consolidated EBITDA for such Reference Period shall be calculated
after giving pro forma effect thereto as if such Material Acquisition occurred on the first day of such Reference Period
and (iii) in the case of any Reference Period which includes any fiscal quarter ended on or prior to the Closing Date, if
the respective Reference Period (a) includes the fiscal quarter of the Borrower ended September 30, 2020, Consolidated
EBITDA for such fiscal quarter shall be deemed to be $166,560,166, (b) includes the fiscal quarter of the Borrower ended June 30,
2020, Consolidated EBITDA for such fiscal quarter shall be deemed to be $131,999,152, (c) includes the fiscal quarter of the
Borrower ended March 31, 2020, Consolidated EBITDA for such fiscal quarter shall be deemed to be $112,667,268 and (d) includes
the fiscal quarter of the Borrower ended December 31, 2019, Consolidated EBITDA for such fiscal quarter shall be deemed to
be $104,651,226, in each case subject to any pro forma adjustments (other than in respect of the Acima Acquisition) permitted under
this Agreement.

 

    16

     

    

 

“Consolidated
Fixed Charge Coverage Ratio” means for any period, the ratio of (a) Consolidated EBITDA for such period plus
(i) Finance Lease Obligation payments (excluding imputed interest expense attributable to payments of Finance Lease Obligations
to the extent included in Consolidated Cash Interest Expense) and other rent expenses paid in cash during such period and (ii) less
the aggregate amount actually paid by the Borrower and its Restricted Subsidiaries during such period on account of (A) Capital
Expenditures (excluding the principal amount of long-term Indebtedness (other than Revolving Loans) incurred in connection with
such expenditures) and (B) federal, state, local and foreign income taxes ((x) net of cash refunds received during such
period and (y) as may be adjusted by the Borrower and the Administrative Agent acting together in their reasonable discretion
in any period to account for timing differences in the payment of such taxes that are the result of changes in tax legislation)
to (b) Consolidated Fixed Charges for such period.

 

“Consolidated
Fixed Charges” means for any period, the sum (without duplication) of (a) Consolidated Cash Interest Expense for
such period, (b) regularly scheduled principal payments (other than payments at maturity) made during such period on account
of principal of (i) Specified Indebtedness and (ii) Indebtedness incurred by any Securitization Subsidiary in connection
with any Qualified Securitization Transaction, in each case of the Borrower or any Restricted Subsidiary to a third party, (c) Restricted
Payments made in cash during such period and (d) Finance Lease Obligation payments and other rent expenses paid in cash during
such period, all calculated for the Borrower and its Restricted Subsidiaries on a consolidated basis and, to the extent applicable,
in accordance with GAAP.

 

“Consolidated
Leverage Ratio” means as at the last day of any Reference Period, the ratio of (a)(i) Consolidated Total Debt on
such day less (ii) the aggregate Unrestricted Cash of the Group Members on such day to (b) Consolidated EBITDA for such
period.

 

“Consolidated
Net Income” means for any period, the consolidated net income (or loss) of the Borrower and its Restricted Subsidiaries,
determined on a consolidated basis in accordance with GAAP; provided that there shall be excluded:

 

(a)           the
income (or deficit) of any Person accrued prior to the date it becomes a Restricted Subsidiary of the Borrower or is merged into
or consolidated with the Borrower or any of its Restricted Subsidiaries;

 

    17

     

    

 

(b)           the
income (or deficit) of any Person (other than a Restricted Subsidiary of the Borrower) in which the Borrower or any of its Restricted
Subsidiaries has an ownership interest, except to the extent that any such income is actually received by the Borrower or such
Restricted Subsidiary in the form of dividends or similar distributions;

 

(c)           the
undistributed earnings of any Restricted Subsidiary (other than a Securitization Subsidiary) of the Borrower to the extent that
the declaration or payment of dividends or similar distributions by such Restricted Subsidiary is not at the time permitted by
the terms of any Contractual Obligation (other than under any Loan Document) or Requirement of Law applicable to such Restricted
Subsidiary;

 

(d)           any
income (or loss) for such period attributable to the early extinguishment of Indebtedness or Swap Obligations; and

 

(e)           the
cumulative effect of a change in accounting principles and changes as a result of the adoption or modification of accounting policies
during such period.

 

“Consolidated
Secured Debt” means at any date, Consolidated Total Debt at such date that is secured by a Lien on any property of any
Group Member.

 

“Consolidated
Secured Leverage Ratio” means as at the last day of any Reference Period, the ratio of (a)(i) Consolidated Secured
Debt on such day less (ii) the aggregate Unrestricted Cash of the Group Members on such day to (b) Consolidated EBITDA
for such period.

 

“Consolidated
Senior Secured Debt” means at any date, Consolidated Total Debt (other than Indebtedness that is secured only by Liens
that are junior to the Liens securing the Initial Term Loans (as defined in the Term Loan Credit Agreement)) at such date that
is secured by a Lien on any property of any Group Member.

 

“Consolidated
Senior Secured Leverage Ratio” means as at the last day of any Reference Period, the ratio of (a)(i) Consolidated
Senior Secured Debt on such day less (ii) the aggregate Unrestricted Cash of the Group Members on such day to (b) Consolidated
EBITDA for such period.

 

“Consolidated
Total Assets” means at any date of determination, the total assets, in each case reflected on the consolidated balance
sheet of the Borrower and its Restricted Subsidiaries as at the end of the most recently ended fiscal quarter of the Borrower for
which a balance sheet is available, determined in accordance with GAAP (and, in the case of any determination related to the incurrence
of Indebtedness or Liens or any Investment, on a pro forma basis including any property or assets being acquired in connection
therewith).

 

“Consolidated
Total Debt” means at any date (without duplication), all Finance Lease Obligations, purchase money Indebtedness, Indebtedness
for borrowed money (including, for the avoidance of doubt and to the extent constituting Indebtedness for borrowed money, (i) Indebtedness
incurred by any Securitization Subsidiary in connection with any Securitization Transaction and (ii) Standard Securitization
Undertakings incurred by any Group Member in connection with any Securitization Transaction) and letters of credit (but only to
the extent drawn and not reimbursed), in each case of the Borrower and its Restricted Subsidiaries at such date, determined on
a consolidated basis in accordance with GAAP.

 

    18

     

    

 

“Contractual
Obligation” means as to any Person, any provision of any security issued by such Person or of any agreement, instrument
or other undertaking to which such Person is a party or by which it or any of its property is bound (including its Organizational
Documents).

 

“Controlling
Fixed Asset Representative” has the meaning given to such term in the Intercreditor Agreement.

 

“Corresponding
Tenor” with respect to any Available Tenor means, as applicable, either a tenor (including overnight) or an interest
payment period having approximately the same length (disregarding business day adjustment) as such Available Tenor.

 

“Covered Entity”
means any of the following:

 

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

 

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

 

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

 

“Covered Party”
has the meaning set forth in Section 10.20.

 

“Credit Party”
means the Administrative Agent, the Issuing Lender or any other Lender and, for the purposes of Section 10.13 only, any other
Agent and any Arranger.

 

“Daily Simple
SOFR” means, for any day, SOFR, with the conventions for this rate (which will include a lookback) being established
by the Administrative Agent in accordance with the conventions for this rate selected or recommended by the Relevant Governmental
Body for determining “Daily Simple SOFR” for syndicated business loans; provided, that if the Administrative
Agent decides that any such convention is not administratively feasible for the Administrative Agent, then the Administrative Agent
may establish another convention in its reasonable discretion.

 

“Debtor Relief
Laws” means the Bankruptcy Code, and all other liquidation, conservatorship, bankruptcy, assignment for the benefit of
creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief laws of the United States
or other applicable jurisdictions from time to time in effect.

 

“Debt
Repayment” means the (i) Target Debt Repayment and (ii) Borrower Debt Repayment.

 

    19

     

    

 

“Default”
means any of the events specified in Section 8, whether or not any requirement for the giving of notice, the lapse of time,
or both, has been satisfied.

 

“Default Right”
has the meaning assigned to that term in, and shall be interpreted in accordance with, 12 C.F.R. §§ 252.81, 47.2 or 382.1,
as applicable.

 

“Defaulting
Lender” means any Lender that (a) has failed, within two (2) Business Days of the date required to be funded
or paid, to (i) fund any portion of its Loans, (ii) fund any portion of its participations in Letters of Credit or Protective
Advances or (iii) pay over to any Credit Party any other amount required to be paid by it hereunder, unless, in the case of
clause (i) above, such Lender notifies the Administrative Agent and the Borrower in writing that such failure is the result
of such Lender’s good faith determination that a condition precedent to funding (specifically identified and including the
particular default, if any) has not been satisfied, (b) has notified the Borrower or any Credit Party in writing, or has made
a public statement to the effect, that it does not intend or expect to comply with any of its funding obligations under this Agreement
(unless such writing or public statement indicates that such position is based on such Lender’s good faith determination
that a condition precedent (specifically identified and including the particular default, if any) to funding a loan under this
Agreement cannot be satisfied) or generally under other agreements in which it commits to extend credit, (c) has failed, within
three Business Days after request by a Credit Party, acting in good faith, to provide a certification in writing from an authorized
officer of such Lender that it will comply with its obligations (and is financially able to meet such obligations as of the date
of certification) to fund prospective Loans and participations in then outstanding Letters of Credit and Protective Advances under
this Agreement, provided that such Lender shall cease to be a Defaulting Lender pursuant to this clause (c) upon such Credit
Party’s receipt of such written certification in form and substance satisfactory to it and the Administrative Agent or (d) has
become the subject of (i) a Bankruptcy Event or (ii) a Bail-In Action.

 

“Deposit Account
Control Agreement” means individually and collectively, each “Deposit Account Control Agreement” referred
to in the Guarantee and Collateral Agreement.

 

“Designated
Non-Cash Consideration” means the fair market value of non-cash consideration received by the Borrower or one of its
Restricted Subsidiaries in connection with a Disposition that is so designated as Designated Non-Cash Consideration pursuant to
a certificate of a Responsible Officer, setting forth the basis of such valuation, less the amount of cash and Cash Equivalents
received in connection with a subsequent sale of such Designated Non-Cash Consideration within 180 days of receipt of such Designated
Non-Cash Consideration.

 

“Disposition”
means with respect to any property, any sale, lease, sale and leaseback, assignment, conveyance, transfer or other disposition
(in one transaction or in a series of related transactions) of any property by any Person (including any issuance of Capital Stock
by a Subsidiary of such Person), including any sale, assignment, transfer or other disposal, with or without recourse, of any rental
agreements, chattel paper, notes or accounts receivable or any rights and claims associated therewith. The terms “Dispose”
and “Disposed of” shall have correlative meanings.

 

    20

     

    

 

“Disqualified
Capital Stock” means with respect to any Person, any Capital Stock of such Person that by its terms (or by the terms
of any security into which it is convertible or for which it is exchangeable, either mandatorily or at the option of the holder
thereof), or upon the happening of any event or condition:

 

(a)           matures
or is mandatorily redeemable (other than solely for Capital Stock of such Person that does not constitute Disqualified Capital
Stock and cash in lieu of fractional shares of such Capital Stock) whether pursuant to a sinking fund obligation or otherwise;

 

(b)           is
convertible or exchangeable, either mandatorily or at the option of the holder thereof, for Indebtedness or Capital Stock (other
than solely for Capital Stock of such Person that does not constitute Disqualified Capital Stock and cash in lieu of fractional
shares of such Capital Stock); or

 

(c)           is
redeemable (other than solely for Capital Stock of such Person that does not constitute Disqualified Capital Stock and cash in
lieu of fractional shares of such Capital Stock) or is required to be repurchased by the Borrower or any Restricted Subsidiary,
in whole or in part, at the option of the holder thereof;

 

in each case,
on or prior to the date that is 91 days after the Latest Maturity Date (determined as of the date of issuance thereof or, in the
case of any such Capital Stock outstanding on the Closing Date, the Closing Date); provided, however, that (i) Capital
Stock of any Person that would not constitute Disqualified Capital Stock but for terms thereof giving holders thereof the right
to require such Person to redeem or purchase such Capital Stock upon the occurrence of an “asset sale”, “condemnation”
or a “change of control” (or similar event, however denominated) shall not constitute Disqualified Capital Stock if
any such requirement becomes operative only after repayment in full of all the Loans and all other Obligations that are accrued
and payable and the termination of all Commitments, (ii) Capital Stock of any Person that is issued to any employee or to
any plan for the benefit of employees or by any such plan to such employees shall not constitute Disqualified Capital Stock solely
because it may be required to be repurchased by such Person or any of its subsidiaries in order to satisfy applicable statutory
or regulatory obligations or as a result of such employee’s termination, death or disability and (iii) only such portion
of the Capital Stock that matures, is mandatorily redeemable, or is convertible or exchangeable prior to such date as set forth
in clauses (a) through (c) above shall constitute Disqualified Capital Stock.

 

“Disqualified
Lenders” means (a) certain banks, financial institutions, other institutional lenders and other Persons that have
been specified in writing to the Administrative Agent by the Borrower prior to the Closing Date, (b) competitors of the Borrower
and its Restricted Subsidiaries and any affiliate of such competitor, in each case, that is identified in writing to the Administrative
Agent by the Borrower from time to time and (c) any affiliates of the entities described in the foregoing clauses (a) or
(b) that are clearly identifiable as affiliates of such entities solely on the basis of the similarity of their names (other
than affiliates that constitute bona fide debt funds primarily investing in loans). In no event shall the designation of any Person
as a Disqualified Lender apply (x) to disqualify any Person until three (3) Business Days after such Person shall have
been identified in writing to the Administrative Agent via electronic mail submitted to JPMDQ_Contact@jpmorgan.com (or to such
other address as the Administrative Agent may designate to the Borrower from time to time). For the avoidance of doubt, with respect
to any assignee that becomes a Disqualified Lender after the applicable Trade Date (including as a result of the delivery of a
notice pursuant to, and/or the expiration of the notice period referred to in, this definition) or is otherwise party to a pending
trade as of the date of such notice, (x) such assignee shall not retroactively be disqualified from becoming a Lender and
(y) the execution by the Borrower of an Assignment and Assumption with respect to such assignee will not by itself result
in such assignee no longer being considered a Disqualified Lender.

 

    21

     

    

 

“Documents”
has the meaning set forth in the Guarantee and Collateral Agreement.

 

“Dollars”
and “$” means dollars in lawful currency of the United States.

 

“Domestic Subsidiary”
means any Restricted Subsidiary of the Borrower organized under the laws of any jurisdiction within the United States.

 

“Early Opt-in
Election” means, if the then-current Benchmark is the LIBO Rate, the occurrence of:

 

(1)           a
notification by the Administrative Agent to (or the request by the Borrower to the Administrative Agent to notify) each of the
other parties hereto that at least five currently outstanding Dollar-denominated syndicated credit facilities at such time contain
(as a result of amendment or as originally executed) a SOFR-based rate (including SOFR, a term SOFR or any other rate based upon
SOFR) as a benchmark rate (and such syndicated credit facilities are identified in such notice and are publicly available for review),
and

 

(2)           the
joint election by the Administrative Agent and the Borrower to trigger a fallback from the LIBO Rate and the provision by the Administrative
Agent of written notice of such election to the Lenders.

 

“ECP Fallaway
Date” has the meaning given to such term in Section 6.13(d).

 

“EEA Financial
Institution” means (a) any institution established in any EEA Member Country which is subject to the supervision
of an EEA Resolution Authority, (b) any entity established in an EEA Member Country which is a parent of an institution described
in clause (a) of this definition, or (c) any institution established in an EEA Member Country which is a subsidiary of
an institution described in clauses (a) or (b) of this definition and is subject to consolidated supervision with its
parent.

 

“EEA Member
Country” means any of the member states of the European Union, Iceland, Liechtenstein and Norway.

 

“EEA Resolution
Authority” means any public administrative authority or any Person entrusted with public administrative authority of
any EEA Member Country (including any delegee) having responsibility for the resolution of any EEA Financial Institution.

 

“Electronic
Chattel Paper” means “electronic chattel paper”, as defined in article 9 of the New York Uniform Commercial
Code.

 

    22

     

    

 

“Electronic
Chattel Paper Control System Implementation Date” means the first date on which (a) the Administrative Agent has
 “control” (as defined in and provided for in the New York Uniform Commercial Code) over Subject Agreements in the form
of Electronic Chattel Paper, (b) such system for “control” is reasonably satisfactory to the Administrative Agent
in all respects prior to its implementation and (c) with respect to such system, the Administrative Agent has received such
audits and third party security assurances as it may have requested in its Permitted Discretion. It is understood and agreed that
such determination may be evidenced by separate agreement signed by the Administrative Agent and the Borrower.

 

“Electronic
Signature” means an electronic sound, symbol, or process attached to, or associated with, a contract or other record
and adopted by a Person with the intent to sign, authenticate or accept such contract or record.

 

“Eligible Assignee”
means (a) a Lender, (b) an Affiliate of a Lender, (c) an Approved Fund, (d) any commercial bank and (e) any
other financial institution or investment fund engaged as a primary activity in the ordinary course of its business in making or
investing in commercial loans or debt securities, other than, in each case, (i) a natural person, (ii) the Borrower,
any Subsidiary or any other Affiliate of the Borrower or (iii) a Disqualified Lender.

 

“Eligible Installment
Sales Accounts” means at any time, the Accounts of the Loan Parties which the Administrative Agent determines in its
Permitted Discretion (following (to the extent practicable) reasonable prior notice to, and consultation with, the Borrower, and
in any event exercised consistent with past practice with respect to the Accounts of the Loan Parties) are eligible as the basis
for the extension of Revolving Loans and the issuance of Letters of Credit. Without limiting the Administrative Agent’s Permitted
Discretion provided herein, Eligible Installment Sales Accounts shall not include any Account:

 

(a)           which
is not subject to a first priority (subject to Permitted Encumbrances) perfected security interest in favor of the Administrative
Agent on behalf of the Secured Parties;

 

(b)           which
is subject to any Lien other than (i) a Lien in favor of the Administrative Agent, (ii) a Lien in favor of the Term Loan
Administrative Agent which does not have priority over the Lien in favor of the Administrative Agent, (iii) a Lien in favor
of the administrative agent or trustee in respect of any Junior Indebtedness which does not have priority over the Lien in favor
of the Administrative Agent and (iv) a Permitted Encumbrance;

 

(c)           (i) which
is unpaid more than 30 days after the original due date therefor (“Overage”) (when calculating the amount under
this clause (i), for the same Account Debtor, the Administrative Agent shall include the net amount of such Overage and add back
any credits, but only to the extent that such credits do not exceed the total gross receivables from such Account Debtor), or (ii) which
has been written off the books of the Borrower or other applicable Loan Party or otherwise designated as uncollectible;

 

(d)           with
respect to which any representation or warranty contained in this Agreement or in the Guarantee and Collateral Agreement is not
true in any material respect;

 

    23

     

    

 

(e)           which
(i) does not arise from the sale of goods or performance of services in the ordinary course of business, (ii) is not
evidenced by an invoice or other documentation satisfactory to the Administrative Agent (utilizing its Permitted Discretion (following
(to the extent practicable) reasonable prior notice to, and consultation with, the Borrower)) which has been sent to the Account
Debtor, (iii) represents a progress billing, (iv) is contingent upon a Loan Party’s completion of any further performance,
(v) represents a sale on a bill-and-hold, guaranteed sale, sale-and-return, sale on approval, consignment, cash-on-delivery
or any other repurchase or return basis or (vi) relates to payments of interest;

 

(f)            for
which the goods giving rise to such Account have not been shipped to the Account Debtor or if such Account was invoiced more than
once;

 

(g)           with
respect to which any check or other instrument of payment has been returned uncollected for any reason;

 

(h)           which
is owed by an Account Debtor which has (i) applied for, suffered, or consented to the appointment of any receiver, custodian,
trustee, or liquidator of its assets, (ii) had possession of all or a material part of its property taken by any receiver,
custodian, trustee or liquidator, (iii) filed, or had filed against it, any request or petition for liquidation, reorganization,
arrangement, adjustment of debts, adjudication as bankrupt, winding-up, or voluntary or involuntary case under any state or federal
bankruptcy laws (other than post-petition accounts payable of an Account Debtor that is a debtor-in-possession under the Bankruptcy
Code and reasonably acceptable to the Administrative Agent), (iv) admitted in writing its inability, or is generally unable
to, pay its debts as they become due, (v) become insolvent, or (vi) ceased operation of its business;

 

(i)            which,
for any Account Debtor, exceeds a credit limit determined by the Administrative Agent in its Permitted Discretion, to the extent
of such excess;

 

(j)            which
is owed in any currency other than Dollars;

 

(k)           which
is owed by any Affiliate of any Loan Party or any employee, officer or director of any Loan Party;

 

(l)            which
is owed by an Account Debtor or any Affiliate of such Account Debtor to which any Loan Party is indebted, but only to the extent
of such indebtedness, or is subject to any security, deposit, progress payment, retainage or other similar advance made by or for
the benefit of an Account Debtor, in each case to the extent thereof;

 

(m)          which
is subject to any asserted counterclaim, deduction, defense, setoff or dispute but only to the extent of any such asserted counterclaim,
deduction, defense, setoff or dispute;

 

(n)           which
is evidenced by any promissory note or instrument and such promissory note or instrument is not pledged and delivered to the Administrative
Agent;

 

    24

     

    

 

(o)           which
is owed by an Account Debtor (i) located in any jurisdiction which requires filing of a “Notice of Business Activities
Report” or other similar report in order to permit the applicable Loan Party to seek judicial enforcement in such jurisdiction
of payment of such Account, unless the applicable Loan Party has filed such report or qualified to do business in such jurisdiction
or (ii) which is a Sanctioned Person;

 

(p)           following
the consummation of a Qualified Securitization Transaction, which is owed to or originated by the Acquired Business (or any subsidiary
of Acima formed or acquired after the Closing Date);

 

(q)           which
does not comply in all material respects with the requirements of all applicable laws and regulations, whether Federal, state or
local, including the Federal Consumer Credit Protection Act, the Federal Truth in Lending Act and Regulation Z of the Consumer
Financial Protection Bureau;

 

(r)            which
is for goods that have been sold under a purchase order or pursuant to the terms of a written contract or other written agreement
that indicates or purports that any Person other than a Loan Party has or has had an ownership interest in such goods, or which
indicates any party other than a Loan Party as payee or remittance party; or

 

(s)           which
the Administrative Agent determines in its Permitted Discretion (following (to the extent practicable) reasonable prior notice
to, and consultation with, the Borrower) may not be paid by reason of the Account Debtor’s inability to pay or which the
Administrative Agent otherwise determines is unacceptable in its Permitted Discretion.

 

In determining the amount
of an Eligible Installment Sales Account, the face amount of an Account may, in the Administrative Agent’s Permitted Discretion
(following (to the extent practicable) reasonable prior notice to, and consultation with, the Borrower), be reduced by, without
duplication, to the extent not reflected in such face amount, (i) the amount of all accrued and actual discounts, claims,
credits or credits pending, promotional program allowances, price adjustments, finance charges or other allowances (including any
amount that any Loan Party may be obligated to rebate to an Account Debtor pursuant to the terms of any agreement or understanding
(written or oral)) and (ii) the aggregate amount of all cash received in respect of such Account but not yet applied by the
applicable Loan Party to reduce the amount of such Account. Standards of eligibility may be made more restrictive from time to
time by the Administrative Agent in its Permitted Discretion, following (to the extent practicable) reasonable prior notice to,
and consultation with, the Borrower, with any such changes to be effective four days after delivery of notice thereof to the Borrower
and the Lenders; provided that if consultation with the Borrower and/or notice to the Borrower and the Lenders is not practicable
or if failure to implement any such change within a shorter time period would, in the good faith judgment of the Administrative
Agent, reasonably be expected to result in a Material Adverse Effect or materially and adversely affect the Collateral (taken as
a whole) or the rights of the Lenders under the Loan Documents (taken as a whole), such change may be implemented within a shorter
time as determined by the Administrative Agent in its Permitted Discretion. Prior to any Accounts that are acquired in a Material
Transaction becoming “Eligible Installment Sales Accounts”, the Administrative Agent shall have received (unless the
Administrative Agent otherwise agrees in its Permitted Discretion) an audit and field examination in respect of such Accounts,
the results of which are reasonably satisfactory to the Administrative Agent; provided, that if the Administrative Agent
agrees in its Permitted Discretion that such audit or field examination shall not be required, it may, in its Permitted Discretion,
include such Accounts as “Eligible Installment Sales Accounts” at a lower advance rate or provide a sublimit on the
amount that such Accounts may contribute to the Borrowing Base.

 

    25

     

    

 

“Eligible Inventory
Held for Rent” means at any time, the Inventory Held for Rent of the Loan Parties which the Administrative Agent determines
in its Permitted Discretion (following (to the extent practicable) reasonable prior notice to, and consultation with, the Borrower,
and in any event exercised consistent with past practice with respect to the Inventory Held for Rent of the Loan Parties) is eligible
as the basis for the extension of Revolving Loans and the issuance of Letters of Credit. Without limiting the Administrative Agent’s
Permitted Discretion provided herein, Eligible Inventory Held for Rent shall not include any Inventory:

 

(a)           which
is not subject to a first priority (subject to Permitted Encumbrances) perfected Lien in favor of the Administrative Agent on behalf
of the Secured Parties;

 

(b)           which
is subject to any Lien other than (i) a Lien in favor of the Administrative Agent, (ii) a Lien in favor of the Term Loan
Administrative Agent which does not have priority over the Lien in favor of the Administrative Agent, (iii) a Lien in favor
of the administrative agent or trustee in respect of any Junior Indebtedness which does not have priority over the Lien in favor
of the Administrative Agent and (iv) a Permitted Encumbrance;

 

(c)           which
(i) is, in the Administrative Agent’s Permitted Discretion (following (to the extent practicable) reasonable prior notice
to, and consultation with, the Borrower), slow moving, obsolete, unmerchantable, defective, used, unfit for sale, not salable at
prices approximating at least the cost of such Inventory in the ordinary course of business or unacceptable due to age, type, category
and/or quantity, (ii) is Inventory that has been Inventory Held for Rent for more than 12 months and has not been rented since
the date of acquisition thereof or (iii) which is in disrepair or in the process of being repaired;

 

(d)           with
respect to which any representation or warranty contained in this Agreement or in the Guarantee and Collateral Agreement is not
true in any material respect or which does not conform in all material respects to all standards imposed by any Governmental Authority;

 

(e)           in
which any Person other than a Loan Party shall (i) have any direct or indirect ownership, interest (including rental interest)
or title to such Inventory or (ii) be indicated on any purchase order or invoice with respect to such Inventory as having
or purporting to have an interest therein;

 

(f)            which
is not finished goods or which constitutes work-in-process, raw materials, spare or replacement parts, subassemblies, packaging
and shipping material, manufacturing supplies, samples, prototypes, displays or display items, bill-and-hold or ship-in-place goods,
goods that are returned or marked for return, repossessed goods, defective or damaged goods, goods held on consignment, or goods
which are not of a type held for rent in the ordinary course of business;

 

    26

     

    

 

(g)           which
is not located in the United States or Puerto Rico;

 

(h)           which
is not located in a store, distribution center, collection center or national product service center which premises are, in each
case, owned by a Loan Party, unless such store, distribution center, collection center or national product service center is leased
by the Borrower and (i) the lessor has delivered to the Administrative Agent a Collateral Access Agreement or (ii) a
Reserve for rent, charges and other amounts due or to become due with respect to such facility (which Reserve shall be based off
the liquidation scenario set forth in the most recent Inventory appraisal received by the Administrative Agent) has been established
by the Administrative Agent in its Permitted Discretion;

 

(i)            which
is a discontinued product or component thereof;

 

(j)            which
is the subject of a consignment by the applicable Loan Party as consignor;

 

(k)           which
is perishable;

 

(l)            which
contains or bears any intellectual property rights licensed to the applicable Loan Party unless the Administrative Agent is reasonably
satisfied that it may sell or otherwise dispose of such Inventory without (i) infringing the rights of such licensor, (ii) violating
any contract with such licensor, or (iii) incurring any liability with respect to payment of royalties other than royalties
incurred pursuant to sale of such Inventory under the current licensing agreement;

 

(m)          which
is not reflected in a current perpetual inventory report of the Loan Parties (unless such Inventory is reflected in a report to
the Administrative Agent as “in transit” Inventory);

 

(n)           for
which reclamation rights have been asserted by the seller;

 

(o)           which
has been acquired from a Sanctioned Person;

 

(p)           which
the Administrative Agent in its Permitted Discretion (following (to the extent practicable) reasonable prior notice to, and consultation
with, the Borrower) determines is unacceptable; or

 

(q)           following
the consummation of a Qualified Securitization Transaction, is owned by the Acquired Business (or any subsidiary of Acima formed
or acquired after the Closing Date).

 

    27

     

    

 

Standards of eligibility
may be made more restrictive from time to time by the Administrative Agent in its Permitted Discretion, after consultation (to
the extent practicable) with the Borrower, with any such changes to be effective four days after delivery of notice thereof to
the Borrower and the Lenders; provided that if consultation with the Borrower and/or notice to the Borrower and the Lenders
is not practicable or if failure to implement any such change within a shorter time period would, in the good faith judgment of
the Administrative Agent, reasonably be expected to result in a Material Adverse Effect or materially and adversely affect the
Collateral (taken as a whole) or the rights of the Lenders under the Loan Documents (taken as a whole), such change may be implemented
within a shorter time as determined by the Administrative Agent in its Permitted Discretion. Prior to any Inventory that is acquired
in a Material Transaction becoming “Eligible Inventory Held for Rent”, the Administrative Agent shall have received
(unless the Administrative Agent otherwise agrees in its Permitted Discretion) a field examination and an appraisal in respect
of such Inventory, the results of which are reasonably satisfactory to the Administrative Agent; provided, that if the Administrative
Agent agrees in its Permitted Discretion that such field examination or appraisal shall not be required, it may, in its Permitted
Discretion, include such Inventory as “Eligible Inventory Held for Rent” at a lower advance rate or provide a sublimit
on the amount that such Inventory may contribute to the Borrowing Base.

 

“Eligible Rental
Agreements” means, at any time, rental agreements entered into by any Loan Party with a customer of such Loan Party which
the Administrative Agent determines in its Permitted Discretion (following (to the extent practicable) reasonable prior notice
to, and consultation with, the Borrower, and in any event exercised consistent with past practice with respect to the rental agreements
of the Loan Parties) are eligible as the basis for the extension of Revolving Loans and the issuance of Letters of Credit. Without
limiting the Administrative Agent’s Permitted Discretion provided herein, Eligible Rental Agreements shall not include any
rental agreement:

 

(a)           which
is not subject to a first priority (subject to Permitted Encumbrances) perfected security interest in favor of the Administrative
Agent on behalf of the Secured Parties;

 

(b)           which
is subject to any Lien other than (i) a Lien in favor of the Administrative Agent, (ii) a Lien in favor of the Term Loan
Administrative Agent which does not have priority over the Lien in favor of the Administrative Agent, (iii) a Lien in favor
of the administrative agent or trustee in respect of any Junior Indebtedness which does not have priority over the Lien in favor
of the Administrative Agent and (iv) a Permitted Encumbrance;

 

(c)           with
respect to which the remaining value of the inventory in respect thereof has been written off the books of the Borrower or other
applicable Loan Party or otherwise designated as uncollectible;

 

(d)           with
respect to which any representation or warranty contained in this Agreement or in the Guarantee and Collateral Agreement is not
true in any material respect;

 

(e)           which
does not arise from the rent of goods in the ordinary course of business;

 

(f)           for
which the goods subject to such rental agreement have not been shipped to the applicable counterparty;

 

(g)           with
respect to which the amounts due under such rental agreement remain unpaid after the original due date for a period to be determined
by the Administrative Agent from time to time in a manner that is consistent with the period provided for in the most recently
delivered Collateral Monitoring Template or the most recent Rental Agreement Portfolio appraisal ordered by the Administrative
Agent;

 

    28

     

    

 

(h)           with
respect to which the counterparty thereof has (i) applied for, suffered, or consented to the appointment of any receiver,
custodian, trustee, or liquidator of its assets, (ii) had possession of all or a material part of its property taken by any
receiver, custodian, trustee or liquidator, (iii) filed, or had filed against it, any request or petition for liquidation,
reorganization, arrangement, adjustment of debts, adjudication as bankrupt, winding-up, or voluntary or involuntary case under
any state or federal bankruptcy laws (other than post-petition accounts payable of an Account Debtor that is a debtor-in-possession
under the Bankruptcy Code and reasonably acceptable to the Administrative Agent), (iv) admitted in writing its inability,
or is generally unable to, pay its debts as they become due, (v) become insolvent, or (vi) ceased operation of its business;

 

(i)            with
respect to which rental payments are owed in any currency other than Dollars;

 

(j)            which
is not governed by the law of the United States, any state thereof or Puerto Rico;

 

(k)           which
is not generated in the United States or Puerto Rico;

 

(l)            with
respect to which the counterparty thereof is an Affiliate of any Loan Party or any employee, officer or director of any Loan Party;

 

(m)           with
respect to which the counterparty thereof is a Person to which any Loan Party is indebted, but only to the extent of such indebtedness;

 

(n)           with
respect to which the payments thereunder are subject to any asserted counterclaim, deduction, defense, setoff or dispute but only
to the extent of any such asserted counterclaim, deduction, defense, setoff or dispute;

 

(o)           with
respect to which the Borrower or the applicable Loan Party has made any agreement with the counterparty thereof for any reduction
in any rental payments or other amounts due thereunder, other than discounts and adjustments given in the ordinary course of business
that are consistent with the treatment provided for in the most recently delivered Collateral Monitoring Template or the most recent
Rental Agreement Portfolio appraisal ordered by the Administrative Agent;

 

(p)           which
does not comply in all material respects with the requirements of all applicable laws and regulations, whether Federal, state or
local;

 

(q)           which
is for goods that have been rented pursuant to the terms of a written contract or other written agreement that indicates or purports
that any Person other than a Loan Party has or has had an ownership interest in such goods, or which indicates any party other
than a Loan Party as payee or remittance party;

 

    29

     

    

 

(r)            following
the consummation of a Qualified Securitization Transaction, which is an asset of or originated by the Acquired Business (or any
subsidiary of Acima formed or acquired after the Closing Date); or

 

(s)           with
respect to which the Administrative Agent determines in its Permitted Discretion (following (to the extent practicable) reasonable
prior notice to, and consultation with, the Borrower) the rental payments or other payments thereunder may not be paid by reason
of the counterparty’s inability to pay or which the Administrative Agent otherwise determines is unacceptable in its Permitted
Discretion.

 

Standards of eligibility
may be made more restrictive from time to time by the Administrative Agent in its Permitted Discretion, following (to the extent
practicable) reasonable prior notice to, and consultation with, the Borrower, with any such changes to be effective four days after
delivery of notice thereof to the Borrower and the Lenders; provided that if consultation with the Borrower and/or notice
to the Borrower and the Lenders is not practicable or if failure to implement any such change within a shorter time period would,
in the good faith judgment of the Administrative Agent, reasonably be expected to result in a Material Adverse Effect or materially
and adversely affect the Collateral (taken as a whole) or the rights of the Lenders under the Loan Documents (taken as a whole),
such change may be implemented within a shorter time as determined by the Administrative Agent in its Permitted Discretion. Prior
to any rental agreement that is acquired in a Material Transaction becoming an “Eligible Rental Agreement”, the Administrative
Agent shall have received (unless the Administrative Agent otherwise agrees in its Permitted Discretion) a field examination and
an appraisal in respect of such rental agreement, the results of which are reasonably satisfactory to the Administrative Agent;
provided, that if the Administrative Agent agrees in its Permitted Discretion that such field examination or appraisal shall
not be required with respect to any rental agreements acquired in any future Material Transaction, it may, in its Permitted Discretion,
include such rental agreements as “Eligible Rental Agreements” at a lower advance rate or provide a sublimit on the
amount that such rental agreements may contribute to the Borrowing Base.

 

“Environmental
Laws” means any and all foreign, Federal, state, local or municipal laws, rules, orders, regulations, statutes, ordinances,
codes, decrees, requirements of any Governmental Authority or other Requirements of Law (including common law) regulating, relating
to or imposing liability or standards of conduct concerning protection of human health insofar as involving exposure to harmful
or deleterious substances or the environment, as now or may at any time hereafter be in effect.

 

“Environmental
Permits” means any and all permits, licenses, approvals, registrations, notifications or authorizations required under
any Environmental Law.

 

“ERISA”
means the Employee Retirement Income Security Act of 1974, as amended from time to time, and the rules and regulations promulgated
thereunder.

 

“ERISA Affiliate”
means any trade or business (whether or not incorporated) that, together with the Borrower, is treated as a single employer under
Section 414(b) or (c) of the Code or Section 4001(14) of ERISA or, solely for purposes of Section 302
of ERISA and Section 412 of the Code, is treated as a single employer under Section 414 of the Code.

 

    30

     

    

 

“ERISA Event”
means (a) any “reportable event”, as defined in Section 4043 of ERISA or the regulations issued thereunder
with respect to a Plan (other than an event for which the 30 day notice period is waived); (b) the failure to satisfy the
 “minimum funding standard” (as defined in Section 412 of the Code or Section 302 of ERISA), whether or not
waived; (c) the filing pursuant to Section 412(c) of the Code or Section 302(c) of ERISA of an application
for a waiver of the minimum funding standard with respect to any Plan; (d) the incurrence by the Borrower or any of its ERISA
Affiliates of any liability under Title IV of ERISA with respect to the termination of any Plan; (e) the receipt by the
Borrower or any ERISA Affiliate from the PBGC or a plan administrator of any notice relating to an intention to terminate any Plan
or Plans or to appoint a trustee to administer any Plan; (f) the incurrence by the Borrower or any of its ERISA Affiliates
of any liability with respect to the withdrawal or partial withdrawal of the Borrower or any of its ERISA Affiliates from any Plan
or Multiemployer Plan; or (g) the receipt by the Borrower or any ERISA Affiliate of any notice, or the receipt by any Multiemployer
Plan from the Borrower or any ERISA Affiliate of any notice, concerning the imposition upon the Borrower or any of its ERISA Affiliates
of Withdrawal Liability or a determination that a Multiemployer Plan is, or is expected to be, insolvent or in reorganization,
within the meaning of Title IV of ERISA.

 

“EU Bail-In
Legislation Schedule” means the EU Bail-In Legislation Schedule published by the Loan Market Association (or any successor
Person), as in effect from time to time.

 

“Eurodollar”
when used in reference to any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing, are bearing
interest at a rate determined by reference to the Adjusted LIBO Rate.

 

“Event of Default”
means any of the events specified in Section 8, provided that any requirement for the giving of notice, the lapse of
time, or both, has been satisfied.

 

“Exchange Act”
means the Securities Exchange Act of 1934, as amended.

 

“Excluded Subsidiary”
means (a) any Unrestricted Subsidiary, (b) any Immaterial Subsidiary, (c) any non-Wholly Owned Subsidiary, (d) any
Subsidiary that is prohibited or restricted by applicable law, rule or regulation or by any contractual obligation existing
on the Closing Date or on the date such Subsidiary was acquired (so long as such contractual obligation was not entered into in
contemplation of such acquisition) from guaranteeing the Obligations or which would require a governmental (including regulatory)
consent, approval, license or authorization to provide a guarantee unless such consent, approval, license or authorization has
been received, (e) any CFC or CFC Holding Company, (f) any Domestic Subsidiary of a Foreign Subsidiary, (g) not-for-profit
Subsidiaries and captive insurance companies, (h) the Insurance Subsidiary, (i) any Subsidiary whose provision of a guarantee
would have a cost that is excessive in relation to the value afforded thereby as determined by the Administrative Agent in its
reasonable discretion and (j) any Securitization Subsidiary. Each Excluded Subsidiary as of the Closing Date is set forth
on Schedule 4.15.

 

    31

     

    

 

“Excluded Swap
Obligation” means with respect to any Loan Party (a) any Swap Obligation if, and to the extent that, and only for
so long as, all or a portion of the guarantee of such Loan Party of, or the grant by such Loan Party of a security interest to
secure, as applicable, such Swap Obligation (or any guarantee thereof) is or becomes illegal under the Commodity Exchange Act
or any rule, regulation or order of the Commodity Futures Trading Commission (or the application or official interpretation of
any thereof) by virtue of such Loan Party’s failure to constitute an “eligible contract participant,” as defined
in the Commodity Exchange Act and the regulations thereunder, at the time the guarantee of (or grant of such security interest
by, as applicable) such Loan Party becomes or would become effective with respect to such Swap Obligation or (b) any other
Swap Obligation designated as an “Excluded Swap Obligation” of such Loan Party as specified in any agreement between
the relevant Loan Parties and counterparty applicable to such Swap Obligations, and agreed by the Administrative Agent. If a Swap
Obligation arises under a master agreement governing more than one Swap, such exclusion shall apply only to the portion of such
Swap Obligation that is attributable to Swaps for which such guarantee or security interest is or becomes illegal.

 

“Excluded Taxes”
means any of the following Taxes imposed on or with respect to a Credit Party or required to be withheld or deducted from a payment
to a Credit Party, (a) Taxes imposed on or measured by net income (however denominated), franchise Taxes, and branch profits
Taxes, in each case, (i) imposed as a result of a Credit Party being organized under the laws of, or having its principal
office or, in the case of any Lender, its applicable lending office located in, the jurisdiction imposing such Tax (or any political
subdivision thereof) or (ii) that are Other Connection Taxes, (b) in the case of a Lender, U.S. federal withholding Taxes
imposed on amounts payable to or for the account of a Lender with respect to an applicable interest in a Loan or Commitment pursuant
to a law in effect on the date on which (i) a Lender acquires such interest in the Loan or Commitment (other than pursuant
to an assignment request by the Borrower under Section 2.22) or (ii) a Lender changes its lending office, except in each
case to the extent that, pursuant to Section 2.19, amounts with respect to such Taxes were payable either to such Lender’s
assignor immediately before such Lender acquired the applicable interest in a Loan or Commitment or to such Lender immediately
before it changed its lending office, (c) Taxes attributable to a Credit Party’s failure to comply with Section 2.19(f) and
(d) any U.S. federal withholding Taxes imposed under FATCA.

 

“Existing ABL
Facility” means that certain ABL Credit Agreement, dated as of August 5, 2019, among the Borrower, the several lenders
from time to time party thereto and JPMorgan Chase Bank, N.A., as administrative agent, as amended, supplemented or otherwise modified.

 

“Existing Letters
of Credit” means the letters of credit existing on the Closing Date and identified on Schedule 3.1.

 

“Existing Term
Loan Facility” means that certain Term Loan Credit Agreement, dated as of August 5, 2019, among the Borrower, the
several lenders from time to time party thereto and JPMorgan Chase Bank, N.A., as administrative agent, as amended, supplemented
or otherwise modified.

 

“Facility”
means this Agreement and the Commitments and the Revolving Loans made thereunder.

 

    32

     

    

 

“FATCA”
means Sections 1471 through 1474 of the Code, as of the date of this Agreement (or any amended or successor version that is substantively
comparable and not materially more onerous to comply with), any current or future regulations or official interpretations thereof,
any agreement entered into pursuant to Section 1471(b)(1) of the Code and any fiscal or regulatory legislation, rules or
practices adopted pursuant to any intergovernmental agreement, treaty or convention among Governmental Authorities and implementing
such Sections of the Code.

 

“Federal Funds
Effective Rate” means, for any day, the rate calculated by the NYFRB based on such day’s federal funds transactions
by depositary institutions, as determined in such manner as the NYFRB shall set forth on its public website from time to time,
and published on the next succeeding Business Day by the NYFRB as the effective federal funds rate; provided that if the
Federal Funds Effective Rate as so determined would be less than zero, such rate shall be deemed to be zero for the purposes of
this Agreement.

 

“Federal Reserve
Board” means the Board of Governors of the Federal Reserve System of the United States.

 

“Fee Payment
Date” means (a) the first Business Day of each January, April, July and October and (b) the last
day of the Revolving Commitment Period.

 

“Finance Lease
Obligations” means as to any Person, the obligations of such Person to pay rent or other amounts under any lease of (or
other arrangement conveying the right to use) real or personal property, or a combination thereof, which obligations are required
to be classified and accounted for as finance leases on a balance sheet of such Person under GAAP and, for the purposes of this
Agreement, the amount of such obligations at any time shall be the capitalized amount thereof at such time determined in accordance
with GAAP.

 

“Fixed Asset
Priority Collateral” has the meaning given to such term in the Intercreditor Agreement.

 

“Fixed Asset
Obligations Payment Date” has the meaning given to such term in the Intercreditor Agreement.

 

“Fixed Asset
Secured Parties” has the meaning given to such term in the Intercreditor Agreement.

 

“Foreign Benefit
Arrangement” means any employee benefit arrangement mandated by non-U.S. law that is maintained or contributed to by
any Group Member, any ERISA Affiliate or any other entity related to a Group Member on a controlled group basis.

 

“Foreign Plan”
means each employee benefit plan (within the meaning of Section 3(3) of ERISA, whether or not such plan is subject to
ERISA) that is not subject to US law and is maintained or contributed to by any Group Member, or ERISA Affiliate or any other entity
related to a Group Member on a controlled group basis.

 

    33

     

    

 

“Foreign Plan
Event” means with respect to any Foreign Benefit Arrangement or Foreign Plan, (a) the failure to make or, if applicable,
accrue in accordance with normal accounting practices, any employer or employee contributions required by applicable law or by
the terms of such Foreign Benefit Arrangement or Foreign Plan; (b) the failure to register or loss of good standing with applicable
regulatory authorities of any such Foreign Benefit Arrangement or Foreign Plan required to be registered; or (c) the failure
of any Foreign Benefit Arrangement or Foreign Plan to comply with any material provisions of applicable law and regulations or
with the material terms of such Foreign Benefit Arrangement or Foreign Plan.

 

“Foreign Subsidiary”
means any Restricted Subsidiary of the Borrower that is not a Domestic Subsidiary.

 

“Full Cash Dominion
Period” means (a) each period when a Specified Event of Default shall have occurred and be continuing and (b) each
period beginning on the third consecutive day on which Availability is less than the greater of (i) 12.5% of the Line Cap
and (ii) $50,000,000; provided that any such Full Cash Dominion Period commencing pursuant to clause (b) shall
end when and if Availability shall have been not less than (A) such specified level and (B) $50,000,000 for 30 consecutive
days each.

 

“Funding Office”
means the office of the Administrative Agent specified in Section 10.2 or such other office as may be specified from time
to time by the Administrative Agent as its funding office by written notice to the Borrower and the Lenders.

 

“Funding SPV”
means Radiant Funding SPV, LLC, a Delaware limited liability company.

 

“GAAP”
means generally accepted accounting principles in the United States as in effect from time to time. In the event that any “Accounting
Change” (as defined below) shall occur and such change results in a change in the method of calculation of financial covenants,
standards or terms in this Agreement, then the Borrower and the Administrative Agent agree to enter into negotiations to promptly
amend such provisions of this Agreement so as to reflect equitably such Accounting Changes with the desired result that the criteria
for evaluating the Borrower’s results of operations and/or financial condition shall be the same after such Accounting Changes
as if such Accounting Changes had not been made. Until such time as such an amendment shall have been executed and delivered by
the Borrower, the Administrative Agent and the Required Lenders, all financial covenants, standards and terms in this Agreement
shall continue to be calculated or construed as if such Accounting Changes had not occurred. “Accounting Changes”
refers to changes in accounting principles required by the promulgation of any rule, regulation, pronouncement or opinion by the
Financial Accounting Standards Board or, if applicable, the SEC.

 

“Governmental
Authority” means the government of the United States, any other nation or any political subdivision thereof, whether
state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive,
legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to government, any securities
exchange and any self-regulatory organization (including the National Association of Insurance Commissioners).

 

    34

     

    

 

“Group Members”
means the collective reference to the Borrower and its Restricted Subsidiaries.

 

“Guarantee and
Collateral Agreement” means the ABL Guarantee and Collateral Agreement, dated as of the Closing Date, executed and delivered
by the Borrower and each Subsidiary Guarantor, substantially in the form of Exhibit D, as the same may be amended, restated,
amended and restated, modified, supplemented and/or replaced (in form reasonably satisfactory to the Administrative Agent) from
time to time.

 

“Guarantee Obligation”
means as to any Person (the “guaranteeing person”), any obligation, including a reimbursement, counterindemnity
or similar obligation, of the guaranteeing Person that guarantees or in effect guarantees, or which is given to induce the creation
of a separate obligation by another Person (including any bank under any letter of credit) that guarantees or in effect guarantees,
any Indebtedness, leases, dividends or other obligations (the “primary obligations”) of any other third Person
(the “primary obligor”) in any manner, whether directly or indirectly, including any obligation of the guaranteeing
person, whether or not contingent, (i) to purchase any such primary obligation or any property constituting direct or indirect
security therefor, (ii) to advance or supply funds (1) for the purchase or payment of any such primary obligation or
(2) to maintain working capital or equity capital of the primary obligor or otherwise to maintain the net worth or solvency
of the primary obligor, (iii) 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 (iv) otherwise
to assure or hold harmless the owner of any such primary obligation against loss in respect thereof; provided, however,
that the term Guarantee Obligation shall not include endorsements of instruments for deposit or collection in the ordinary course
of business or reasonable indemnity obligations entered into in connection with any acquisition or disposition of assets. The amount
of any Guarantee Obligation of any guaranteeing person shall be deemed to be the lower of (a) an amount equal to the stated
or determinable amount of the primary obligation in respect of which such Guarantee Obligation is made and (b) 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 in good faith.

 

“Immaterial
Subsidiary” means any Restricted Subsidiary that is not a Material Subsidiary and that is designated by the Borrower
in writing to the Administrative Agent as an “Immaterial Subsidiary”; provided that if (i) as of the last
day of the most recently ended fiscal quarter of the Borrower for which financial statements have been delivered pursuant to Section 5.1(a) or
(b), the aggregate tangible assets of Immaterial Subsidiaries, as of the last day of such fiscal quarter, is greater than 5% of
Consolidated Total Assets or (ii) the aggregate contribution of Immaterial Subsidiaries to Consolidated EBITDA for the Applicable
Reference Period is greater than 5% of Consolidated EBITDA for such Applicable Reference Period, then one or more Restricted Subsidiaries
that are not Material Subsidiaries shall promptly be designated by the Borrower in writing to the Administrative Agent as a “Material
Subsidiary” until such excess has been eliminated. Each Immaterial Subsidiary as of the Closing Date is set forth on Schedule
4.15.

 

    35

     

    

 

“Impacted Interest
Period” has the meaning set forth in the definition of LIBO Rate.

 

“Increased Facility
Activation Notice” means a notice substantially in the form of Exhibit I-1 or in such other form as is reasonably
acceptable to the Administrative Agent.

 

“Increased Facility
Closing Date” means any Business Day designated as such in an Increased Facility Activation Notice.

 

“Incremental
Commitments” has the meaning set forth in Section 2.24(a).

 

“Indebtedness”
means of any Person at any date, without duplication, (a) all indebtedness of such Person for borrowed money, (b) all
obligations of such Person for the deferred purchase price of property or services, (c) all obligations of such Person evidenced
by notes, bonds, debentures or other similar instruments, (d) all indebtedness created or arising under any conditional sale
or other title retention agreement with respect to property acquired by such Person (even though the rights and remedies of the
seller or lender under such agreement in the event of default are limited to repossession or sale of such property), (e) all
Finance Lease Obligations of such Person, (f) all obligations of such Person, contingent or otherwise, as an account party
or applicant under or in respect of acceptances, letters of credit, surety bonds or similar arrangements, (g) the liquidation
value of all Disqualified Capital Stock of such Person, (h) all Guarantee Obligations of such Person in respect of obligations
of the kind referred to in clauses (a) through (g) above, (i) all obligations of the kind referred to in clauses
(a) through (h) above secured by (or for which the holder of such obligation has an existing right, contingent or otherwise,
to be secured by) any Lien on property (including accounts and contract rights) owned by such Person, whether or not such Person
has assumed or become liable for the payment of such obligation (but only to the extent of the lesser of (i) the amount of
such Indebtedness and (ii) the fair market value of such property), and (j) for the purposes of Section 8(e) only,
all obligations of such Person in respect of Swap Agreements; provided that Indebtedness shall not include (i) trade
payable and accrued expenses incurred in the ordinary course of business and not more than 120 days overdue, (ii) ordinary
course intercompany liabilities having a term not exceeding 365 days (inclusive of any roll-over or extension of terms) or any
other ordinary course intercompany liabilities not constituting Specified Indebtedness, (iii) prepaid or deferred revenue
arising in the ordinary course of business, (iv) purchase price holdbacks arising in the ordinary course of business in respect
of a portion of the purchase price of an asset to satisfy unperformed obligations of the seller of such assets, (v) deferred
compensation payable to employees, officers and directors and (vi) any earn-out obligation until such obligation becomes a
liability on the balance sheet of such Person in accordance with GAAP. The Indebtedness of any Person shall include the Indebtedness
of any other entity (including any partnership in which such Person is a general partner) to the extent such Person is liable therefor
as a result of such Person’s ownership interest in or other relationship with such entity, except to the extent the terms
of such Indebtedness expressly provide that such Person is not liable therefor. Any Indebtedness for which proceeds have been escrowed
or otherwise deposited to repay, defease, redeem or satisfy and discharge such Indebtedness shall not be deemed outstanding.

 

“Indemnified
Liabilities” has the meaning set forth in Section 10.5.

 

    36

     

    

 

“Indemnified
Taxes” means (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 clause (a) above,
Other Taxes.

 

“Indemnitee”
has the meaning set forth in Section 10.5(d).

 

“Initiatives”
has the meaning set forth in the definition of Consolidated EBITDA.

 

“Insolvent”
means with respect to any Multiemployer Plan, the condition that such plan is insolvent within the meaning of Section 4245
of ERISA.

 

“Insurance Subsidiary”
means Legacy Insurance Co., Ltd., a Bermuda company and a Wholly Owned Subsidiary of the Borrower formed for the sole purpose
of writing insurance only for the risks of the Borrower and its Subsidiaries.

 

“Intellectual
Property” has the meaning set forth in the Guarantee and Collateral Agreement.

 

“Intercreditor
Agreement” means the ABL/Fixed Asset Intercreditor Agreement, dated as of the Closing Date, among the Borrower, the Subsidiary
Guarantors, the Administrative Agent and the Term Loan Administrative Agent, and any other intercreditor agreement substantially
in the form of Exhibit K, in each case, as the same may be amended, restated, amended and restated, modified, supplemented
and/or replaced (in form reasonably satisfactory to the Administrative Agent) from time to time.

 

“Interest Election
Request” means a request by the Borrower to convert or continue a Revolving Borrowing in accordance with Section 2.12
and the definition of “Interest Period”, which shall be substantially in the form of Exhibit B or any other form
approved by the Administrative Agent.

 

“Interest Payment
Date” means (a) as to any ABR Loan, the first day of each January, April, July and October to occur while
such Loan is outstanding and the final maturity date of such Loan, (b) as to any Eurodollar Loan having an Interest Period
of three months or less, the last day of such Interest Period, (c) as to any Eurodollar Loan having an Interest Period longer
than three months, each day that is three months, or a whole multiple thereof, after the first day of such Interest Period and
the last day of such Interest Period and (d) as to any Loan, the date of any repayment or prepayment made in respect thereof.

 

“Interest Period”
means as to any Eurodollar Loan, (a) initially, the period commencing on the borrowing or conversion date, as the case may
be, with respect to such Eurodollar Loan and ending one, two, three or six months thereafter, as selected by the Borrower in its
Borrowing Request or Interest Election Request, as the case may be, given with respect thereto; and (b) thereafter, each period
commencing on the last day of the next preceding Interest Period applicable to such Eurodollar Loan and ending one, two, three
or six months thereafter, as selected by the Borrower by irrevocable notice in an Interest Election Request submitted to the Administrative
Agent not later than 12:00 Noon, New York City time, on the date that is three Business Days prior to the last day of the then
current Interest Period with respect thereto; provided that, all of the foregoing provisions relating to Interest Periods
are subject to the following:

 

    37

     

    

 

(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;

 

(ii)            the
Borrower may not select an Interest Period that would extend beyond the Revolving Termination Date; and

 

(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 the last calendar month of
such Interest Period.

 

“Interpolated
Rate” means, at any time, for any Interest Period, the rate per annum (rounded to the same number of decimal places as
the LIBO Screen Rate) determined by the Administrative Agent (which determination shall be conclusive and binding absent manifest
error) to be equal to the rate that results from interpolating on a linear basis between: (a) the LIBO Screen Rate for the
longest period for which the LIBO Screen Rate is available that is shorter than the Impacted Interest Period; and (b) the
LIBO Screen Rate for the shortest period for which that LIBO Screen Rate is available that exceeds the Impacted Interest Period,
in each case, as of 11:00 a.m., London time, two Business Days prior to the commencement of the applicable Interest Period; provided
that if the Interpolated Rate as so determined would be less than zero, such rate shall be deemed to be zero for the purposes of
calculating such rate. When determining the rate for a period which is less than the shortest period for which the LIBO Screen
Rate is available, the LIBO Screen Rate for purposes of clause (a) above shall be deemed to be the overnight rate for Dollars
determined by the Administrative Agent from such service as the Administrative Agent may select in its reasonable discretion.

 

“Inventory”
has the meaning set forth in the Guarantee and Collateral Agreement.

 

“Inventory Held
for Rent” means Inventory of a Loan Party which is being held for rent.

 

“Investments”
has the meaning set forth in Section 7.7.

 

“IRS”
means the United States Internal Revenue Service.

 

“ISDA Definitions”
means the 2006 ISDA Definitions published by the International Swaps and Derivatives Association, Inc. or any successor thereto,
as amended or supplemented from time to time, or any successor definitional booklet for interest rate derivatives published from
time to time by the International Swaps and Derivatives Association, Inc. or such successor thereto.

 

“Issuing Lender”
means each of (a) JPMCB, (b) Citizens Bank, N.A., (c) HSBC Bank USA, N.A., (d) Credit Suisse AG, Cayman Islands
Branch, (e) Truist Bank and (f) any other Revolving Lender approved by the Administrative Agent and the Borrower that
has agreed in its sole discretion to act as an “Issuing Lender” hereunder, or any of their respective affiliates, in
each case in its capacity as issuer of any Letter of Credit, and their respective successors in such capacity as provided in Section 3.9.
Each reference herein to “the Issuing Lender” shall be deemed to be a reference to the relevant Issuing Lender. Each
Issuing Lender may, in its discretion, arrange for one or more Letters of Credit to be issued by any Affiliate of such Issuing
Lender, in which case the term “Issuing Lender” shall include any such Affiliate with respect to Letters of Credit
issued by such Affiliate.

 

    38

     

    

 

“Joint Venture”
means a joint venture, partnership or other similar arrangement entered into by the Borrower or any Restricted Subsidiary, whether
in corporate, partnership or other legal form; provided that in no event shall any Subsidiary be considered to be a Joint
Venture.

 

“JPMCB”
means JPMorgan Chase Bank, N.A., a national banking association, in its individual capacity, and its successors.

 

“Junior Indebtedness”
means (i) any Subordinated Indebtedness and (ii) any Specified Indebtedness (other than the Term Loans, any Pari Passu
Secured Indebtedness and any Permitted Refinancing Indebtedness in respect thereof) of any Group Member that is secured by a Lien
on the Collateral that is junior to the Lien on the Collateral securing the Obligations.

 

“Latest Maturity
Date” means at any date of determination, the latest scheduled maturity date applicable to any Loan hereunder at such
time.

 

“L/C Commitment”
means, subject to Section 3.1(c), (a) if the Specified Letter of Credit is outstanding, (i) as to JPMCB,
$80,000,000, (ii) as to HSBC Bank USA, N.A., $22,000,000, (iii) as to Credit Suisse AG, Cayman Islands Branch $16,000,000,
(iv) as to Citizens Bank, N.A. $16,000,000 and (v) as to Truist Bank, $16,000,000 and (b) if the Specified Letter
of Credit is not outstanding, (i) as to JPMCB, $39,000,000, (ii) as to HSBC Bank USA, N.A., $36,000,000, (iii) as
to Credit Suisse AG, Cayman Islands Branch $25,000,000, (iv) as to Citizens Bank, N.A. $25,000,000 and (v) as to Truist
Bank, $25,000,000, as each of the foregoing amounts may be changed from time to time by the mutual agreement of the Administrative
Agent and the Borrower.

 

“L/C Disbursement”
means a payment or disbursement made by an Issuing Lender pursuant to a Letter of Credit.

 

“L/C Exposure”
means at any time, the total L/C Obligations. The L/C Exposure of any Revolving Lender at any time shall be its Revolving Percentage
of the total L/C Exposure at such time. For all purposes of this Agreement, if on any date of determination a Letter of Credit
has expired by its terms but any amount may still be drawn thereunder by reason of the operation of Article 29(a) of
the Uniform Customs and Practice for Documentary Credits, International Chamber of Commerce Publication No. 600 (or such
later version thereof as may be in effect at the applicable time) or Rule 3.13 or Rule 3.14 of the International Standby
Practices, International Chamber of Commerce Publication No. 590 (or such later version thereof as may be in effect at
the applicable time) or similar terms of the Letter of Credit itself, or if compliant documents have been presented but not yet
honored, such Letter of Credit shall be deemed to be “outstanding” and “undrawn” in the amount so remaining
available to be paid, and the obligations of the Borrower and each Lender shall remain in full force and effect until the Issuing
Lender and the Lenders shall have no further obligations to make any payments or disbursements under any circumstances with respect
to any Letter of Credit.

 

    39

     

    

 

“L/C Obligations”
means at any time, an amount equal to the sum of (a) the aggregate then undrawn and unexpired amount of the then outstanding
Letters of Credit and (b) the aggregate amount of drawings under Letters of Credit that have not then been reimbursed pursuant
to Section 3.5.

 

“L/C Participants”
means the collective reference to all the Revolving Lenders other than the Issuing Lender.

 

“LCT Election”
has the meaning set forth in Section 1.7.

 

“LCT Test Date”
has the meaning set forth in Section 1.7.

 

“Lender Parent”
means with respect to any Lender, any Person as to which such Lender is, directly or indirectly, a Subsidiary.

 

“Lender-Related
Person” has the meaning set forth in Section 10.5.

 

“Lenders”
means the Persons listed on Schedule 1.1 and any other Person that shall have become a party hereto pursuant to an Assignment and
Assumption or otherwise, other than any such Person that ceases to be a party hereto pursuant to an Assignment and Assumption or
otherwise. Unless the context otherwise requires, the term “Lenders” includes the Issuing Lenders.

 

“Letters of
Credit” has the meaning set forth in Section 3.1.

 

“Liabilities”
means any losses, obligations, claims (including intraparty claims), damages, demands, penalties, judgments, suits, costs, expenses,
disbursements or liabilities of any kind.

 

“LIBO Rate”
means, with respect to any Eurodollar Borrowing for any Interest Period, the LIBO Screen Rate at approximately 11:00 a.m., London
time, two Business Days prior to the commencement of such Interest Period; provided that if the LIBO Screen Rate shall not
be available at such time for such Interest Period (an “Impacted Interest Period”) then the LIBO Rate shall
be the Interpolated Rate.

 

“LIBO Screen
Rate” means, for any day and time, with respect to any Eurodollar Borrowing for any Interest Period, the London interbank
offered rate as administered by ICE Benchmark Administration (or any other Person that takes over the administration of such rate)
for U.S. Dollars for a period equal in length to such Interest Period as displayed on such day and time on pages LIBOR01 or
LIBOR02 of the Reuters screen that displays such rate (or, in the event such rate does not appear on a Reuters page or screen,
on any successor or substitute page on such screen that displays such rate, or on the appropriate page of such other
information service that publishes such rate from time to time as selected by the Administrative Agent in its reasonable discretion);
provided that if the LIBO Screen Rate as so determined would be less than zero, such rate shall be deemed to zero for the
purposes of this Agreement.

 

    40

     

    

 

“Lien”
means any mortgage, pledge, hypothecation, assignment, deposit arrangement, encumbrance, lien (statutory or other), charge or other
security interest or any preference, priority or other security agreement or preferential arrangement of any kind or nature whatsoever
(including any conditional sale or other title retention agreement and any finance lease having substantially the same economic
effect as any of the foregoing); provided that a “Lien” as defined herein shall not include any license, sublicense
or similar right with respect to Intellectual Property.

 

“Limited Condition
Transaction” means any Investment that the Borrower or a Restricted Subsidiary is contractually committed to consummate
(it being understood that such commitment may be subject to conditions precedent, which conditions precedent may be amended, satisfied
or waived in accordance with the applicable agreement) and whose consummation is not conditioned on the availability of, or on
obtaining, third party financing (it being understood that a “marketing period” or similar concept is not a financing
condition).

 

“Line Cap”
means at any time, an amount equal to the lesser of (a) the Total Commitments and (b) the Borrowing Base.

 

“Loan”
means the loans made by the Lenders to the Borrower pursuant to this Agreement, including Protective Advances.

 

“Loan Documents”
means this Agreement, the Security Documents, the Intercreditor Agreement, the Notes and any amendment, restatement, amendment
and restatement, waiver, supplement or other modification to or refinancing or replacement of any of the foregoing.

 

“Loan Parties”
means the Borrower and the Subsidiary Guarantors.

 

“Margin Stock”
means margin stock within the meaning of Regulations T, U and X, as applicable.

 

“Material Acquisition”
means any acquisition of property or series of related acquisitions of property that (a) constitutes assets comprising all
or substantially all of an operating unit of a business or constitutes all or substantially all of the common stock of a Person
and (b) involves the payment of consideration by the Group Members in excess of $55,000,000.

 

“Material Adverse
Effect” means a material adverse effect on (i) the business, property, operations or financial condition of the
Borrower and its Restricted Subsidiaries, taken as a whole, (ii) the ability of the Borrower and the other Loan Parties, taken
as a whole, to perform their payment obligations under the Loan Documents to which they are a party or (iii) the validity
or enforceability of the Loan Documents or the rights and remedies of the Administrative Agent under the Loan Documents taken as
a whole.

 

“Material Disposition”
means any Disposition of property or series of related Dispositions of property that yields gross proceeds to the Group Members
in excess of $55,000,000.

 

    41

     

    

 

“Material Indebtedness”
means Indebtedness (other than the Loans) or Swap Obligations of any one or more of the Borrower and the Restricted Subsidiaries
in an aggregate principal amount of $75,000,000 or more; provided that any Indebtedness outstanding under the Term Loan
Credit Agreement shall be deemed to be Material Indebtedness. For purposes of determining Material Indebtedness, the “principal
amount” of any Swap Obligation at any time shall be the maximum aggregate amount (giving effect to any netting agreements)
that the Borrower and/or any applicable Restricted Subsidiary would be required to pay if the applicable Swap Agreement were terminated
at such time.

 

“Material Subsidiary”
means, as of any date of determination, each Restricted Subsidiary (a) with total assets (including the value of Capital Stock
of its subsidiaries) on such date of determination greater than 5.0% of Consolidated Total Assets, (b) whose contribution
to Consolidated EBITDA for the Applicable Reference Period exceeds 5.0% of Consolidated EBITDA for the Applicable Reference Period
or (c) that is designated as a “Material Subsidiary” pursuant to the definition of Immaterial Subsidiary.

 

“Material Transaction”
means any acquisition or series of related acquisitions in which a Loan Party acquires assets that, if included in the Borrowing
Base, would increase the Borrowing Base by an amount in excess of $15,000,000.

 

“Materials of
Environmental Concern” means any gasoline or petroleum (including crude oil or any fraction thereof) or petroleum products,
asbestos, polychlorinated biphenyls, urea-formaldehyde insulation, radioactivity, and any other substances, materials or wastes,
that are regulated pursuant to or that could give rise to liability under any Environmental Law.

 

“Maximum
Term Loan Incremental Amount” means the sum of:

 

(i) an
amount represented by Incremental Term Loans (as defined in the Term Loan Credit Agreement) to be established pursuant to Section 2.24
of the Term Loan Credit Agreement, that are secured by Liens on the Collateral that are pari passu to the Liens on Collateral
securing the Term Loans, if immediately after giving effect to the establishment thereof (excluding from Unrestricted Cash in making
such pro forma calculation the Net Cash Proceeds of such Incremental Term Loans) the Consolidated Senior Secured Leverage Ratio
for the Applicable Reference Period, calculated on a Pro Forma Basis as of the date of incurrence of such Indebtedness, would be
equal to or less than either (A) 2.00 to 1.00 or (B) in the case of Incremental Term Loans (as defined in the Term Loan
Credit Agreement) incurred in connection with a Permitted Acquisition or Investment permitted hereunder, the Consolidated Senior
Secured Leverage Ratio immediately prior to such Permitted Acquisition or Investment giving pro forma effect to such Permitted
Acquisition or Investment,

 

(ii) an
amount represented by Incremental Term Loans (as defined in the Term Loan Credit Agreement) to be established pursuant to Section 2.24
of the Term Loan Credit Agreement, that are secured by Liens on the Collateral that are junior to the Liens on Collateral securing
the Term Loans, if immediately after giving effect to the establishment thereof (excluding from Unrestricted Cash in making such
pro forma calculation the Net Cash Proceeds of such Incremental Term Loans) the Consolidated Secured Leverage Ratio for the Applicable
Reference Period, calculated on a Pro Forma Basis as of the date of incurrence of such Indebtedness, would be equal to or less
than either (A) 2.00 to 1.00 or (B) in the case of Incremental Term Loans (as defined in the Term Loan Credit Agreement)
incurred in connection with a Permitted Acquisition or Investment permitted hereunder, the Consolidated Secured Leverage Ratio
immediately prior to such Permitted Acquisition or Investment giving pro forma effect to such Permitted Acquisition or Investment,
and

 

    42

     

    

 

(iii) an
amount represented by Incremental Term Loans (as defined in the Term Loan Credit Agreement) to be established pursuant to Section 2.24
of the Term Loan Credit Agreement, that are unsecured, if immediately after giving effect to the establishment thereof (excluding
from Unrestricted Cash in making such pro forma calculation the Net Cash Proceeds of such Incremental Term Loans) either (A) the
Consolidated Leverage Ratio for the Applicable Reference Period, calculated on a Pro Forma Basis as of the date of incurrence of
such Indebtedness, would be equal to or less than either (I) 2.50 to 1.00 or (II) in the case of Incremental Term Loans
(as defined in the Term Loan Credit Agreement) incurred in connection with a Permitted Acquisition or Investment permitted hereunder,
the Consolidated Leverage Ratio immediately prior to such Permitted Acquisition or Investment giving pro forma effect to such Permitted
Acquisition or Investment or (B) the Cash Interest Coverage Ratio for the Applicable Reference Period, calculated on a Pro
Forma Basis as of the date of incurrence of such Indebtedness, would be equal to or greater than either (I) 2.00:1.00 or (II) in
the case of Incremental Term Loans (as defined in the Term Loan Credit Agreement) incurred in connection with a Permitted Acquisition
or Investment permitted hereunder, the Cash Interest Coverage Ratio immediately prior to such Permitted Acquisition or Investment
giving pro forma effect to such Permitted Acquisition or Investment.

 

“Mexico Operations”
means the operations in Mexico of the Borrower and its Subsidiaries.

 

“Monthly Financial
Statement Period” means any period (a) commencing on the first day on which Availability is less than the greater
of (i) 12.5% of the Line Cap and (ii) $60,000,000 and (b) ending on the first subsequent day on which Availability
has exceeded the greater of (i) 12.5% of the Line Cap and (ii) $60,000,000 for thirty (30) consecutive calendar days.

 

“Moody’s”
means Moody’s Investors Service, Inc.

 

“Multiemployer
Plan” means a multiemployer plan as defined in Section 4001(a)(3) of ERISA to which any Group Member or any
ERISA Affiliate (i) makes or is obligated to make contributions, (ii) during the preceding five plan years, has made
or been obligated to make contributions or (iii) has any actual or contingent liability.

 

“Multiple
Employer Plan” means a Plan which has two or more contributing sponsors (including any Group Member or any ERISA Affiliate)
at least two of whom are not under common control, as such a Plan is described in Section 4064 of ERISA.

 

“Net Cash Proceeds”
means in connection with any issuance or sale of Capital Stock or any incurrence of Indebtedness, the cash proceeds received from
such issuance or incurrence, net of attorneys’ fees, investment banking fees, auditor fees, printer fees, SEC filing fees,
brokerage fees, accountants’ fees, underwriting discounts and commissions and other customary fees and expenses actually
incurred in connection therewith.

 

    43

     

    

 

“Net Orderly
Liquidation Value” means (a) with respect to Inventory of any Person, the (i) net orderly liquidation value
percentage based on the amount expected to be realized at an orderly, negotiated sale held within a reasonable time period from
the most recent Inventory appraisal ordered by the Administrative Agent multiplied by (ii) the book value of such Inventory
and (b) with respect to Eligible Rental Agreements of any Person, the net orderly liquidation value expected to be realized
at an orderly, negotiated sale held within a reasonable time period from the most recent Rental Agreement Portfolio appraisal ordered
by the Administrative Agent or Collateral Monitoring Template.

 

“New Lender”
has the meaning set forth in Section 2.24(b).

 

“New Lender
Supplement” has the meaning set forth in Section 2.24(b).

 

“Non-U.S. Lender”
means a Lender that is not a U.S. Person.

 

“Not Otherwise
Applied” means in respect of any amount, such amount has not previously been (and is not currently being) applied to
any other use or transaction.

 

“Notes”
means the collective reference to any promissory note evidencing Loans.

 

“NYFRB”
means the Federal Reserve Bank of New York.

 

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

 

“NYFRB Rate”
means, for any day, the greater of (a) the Federal Funds Effective Rate in effect on such day and (b) the Overnight Bank
Funding Rate in effect on such day (or for any day that is not a Business Day, for the immediately preceding Business Day); provided
that if none of such rates are published for any day that is a Business Day, the term “NYFRB Rate” means the rate for
a federal funds transaction quoted at 11:00 a.m. on such day received by the Administrative Agent from a federal funds broker
of recognized standing selected by it; provided, further, that if any of the aforesaid rates as so determined be less than
zero, such rate shall be deemed to be zero for purposes of this Agreement.

 

“Obligations”
means collectively, (a) the unpaid principal of and interest on (including interest accruing after the maturity of the Loans
and Reimbursement Obligations and interest accruing after the filing of any petition in bankruptcy, or the commencement of any
insolvency, reorganization or like proceeding, relating to the Borrower, whether or not a claim for post-filing or post-petition
interest is allowed in such proceeding) the Loans and Reimbursement Obligations, all other obligations and liabilities of the Borrower
to the Administrative Agent or to any Lender, whether direct or indirect, absolute or contingent, due or to become due, or now
existing or hereafter incurred, which arise under, out of, or in connection with, this Agreement, any other Loan Document, the
Letters of Credit or any other document made, delivered or given in connection herewith or therewith, whether on account of principal,
interest, reimbursement obligations, fees, indemnities, costs, expenses (including all fees, charges and disbursements of counsel
to the Administrative Agent or to any Lender that are required to be paid by the Borrower pursuant hereto) or otherwise, (b) all
Banking Services Obligations and (c) all Secured Swap Obligations.

 

    44

     

    

 

“Organizational
Documents”  means (a) with respect to any corporation, the certificate or articles of incorporation and the
bylaws (or equivalent or comparable constitutive documents with respect to any non-U.S. jurisdiction), (b) with respect to
any limited liability company, the certificate or articles of formation or organization and operating agreement, and (c) with
respect to any partnership, joint venture, trust or other form of business entity, the partnership, joint venture or other applicable
agreement of formation or organization and, if applicable, any agreement, instrument, filing or notice with respect thereto filed
in connection with its formation or organization with the applicable Governmental Authority in the jurisdiction of its formation
or organization and, if applicable, any certificate or articles of formation or organization of such entity.

 

“Other Connection
Taxes” means with respect to any Credit Party, Taxes imposed as a result of a present or former connection between such
Credit Party and the jurisdiction imposing such Tax (other than connections arising from such Credit Party having executed, delivered,
become a party to, performed its obligations under, received payments under, received or perfected a security interest under, engaged
in any other transaction pursuant to, or enforced, any Loan Document, or sold or assigned an interest in any Loan or Loan Document).

 

“Other Taxes”
means all present or future stamp, court, or documentary, intangible, recording, filing or similar Taxes that arise from any payment
made under, from the execution, delivery, performance, enforcement or registration of, from the receipt or perfection of a security
interest under, or otherwise with respect to, any Loan Document, except any such Taxes that are Other Connection Taxes imposed
with respect to an assignment (other than an assignment made pursuant to Section 2.22).

 

“Overage”
has the meaning set forth in the definition of Eligible Installment Sales Accounts.

 

“Overnight Bank
Funding Rate” means, for any day, the rate comprised of both overnight federal funds and overnight Eurodollar borrowings
by U.S.-managed banking offices of depository institutions, as such composite rate shall be determined by the NYFRB as set forth
on its public website from time to time, and published on the next succeeding Business Day by the NYFRB as an overnight bank funding
rate.

 

“Pari Passu
Secured Indebtedness” means Term Loan Refinancing Indebtedness (as defined in the Term Loan Credit Agreement) and Term
Loan Incremental Equivalent Debt (and any Permitted Refinancing Indebtedness in respect of the foregoing), in each case that is
secured by Liens on the Collateral that are pari passu to the Liens on Collateral securing the Term Loans.

 

“Participant”
has the meaning set forth in Section 10.6(c).

 

“Participant
Register” has the meaning set forth in Section 10.6(c).

 

“Patriot Act”
has the meaning set forth in Section 10.17.

 

    45

     

    

 

“Payment Conditions”
means (a) no Specified Event of Default has occurred and is continuing and (b) at all times during the Pro Forma Period
(i) after giving effect to the proposed event as if it occurred on the first day of the Pro Forma Period, Availability is
greater than the greater of (A) 22.5% of the Line Cap and (B) $84,375,000 or (ii) after giving effect to the proposed
event as if it occurred on the first day of the Pro Forma Period, (A) Availability is greater than the greater of (1) 17.5%
of the Line Cap and (2) $65,625,000 and (B) the Consolidated Fixed Charge Coverage Ratio for the last four (4) fiscal
quarters is greater than 1.10:1.0.

 

“PBGC”
means the Pension Benefit Guaranty Corporation established under Section 4002 of ERISA and any successor entity performing
similar functions.

 

“Pension Plan”
means any employee benefit plan (including a Multiple Employer Plan, but not including a
Multiemployer Plan) that is subject to Title IV of ERISA, Section 412 of the Code or Section 302 of ERISA (i) which
is or was sponsored, maintained or contributed to by, or required to be contributed to by, any Group Member or any ERISA Affiliate
or (ii) with respect to which any Group Member or any ERISA Affiliate has any actual or contingent liability.

 

“Permitted Acquisition”
means the purchase or other acquisition (including by merger, consolidation or amalgamation) by the Borrower or any Restricted
Subsidiary of all or a majority of the Capital Stock of, or all or substantially all of the property of, any Person, or of any
business or division of any Person or any Investment by a Group Member in a Restricted Subsidiary that serves to increase the Capital
Stock ownership of such Group Member in such Restricted Subsidiary; provided that with respect to each purchase or other
acquisition (i) after giving effect thereto, the Borrower and its Restricted Subsidiaries are in compliance with Section 7.15,
(ii) immediately before and immediately after giving effect on a pro forma basis to any such purchase or other acquisition,
no Event of Default shall have occurred and be continuing and (iii) any such newly created or acquired Subsidiary shall, to
the extent required by Section 6.10, comply with the requirements of Section 6.10.

 

“Permitted Discretion”
means in respect of the adjustment of eligibility criteria and (without duplication) reserves with respect to the Borrowing Base
collateral, and in such other circumstances as stated herein, a determination made in good faith and in the exercise of reasonable
(from the perspective of a secured asset-based lender) business judgment following (to the extent practicable) reasonable prior
notice to, and consultation with, the Borrower and in accordance with customary business practices for asset-based transactions.

 

“Permitted Encumbrances”
means Liens permitted pursuant to Section 7.3(a), (b), (c), (d) or (n); provided that the term “Permitted
Encumbrances” shall not include any Lien securing Specified Indebtedness.

 

“Permitted Liens”
means Liens permitted pursuant to Section 7.3.

 

    46 

     

    

 

“Permitted Refinancing
Indebtedness” means with respect to any Indebtedness of any Person (the “Original Indebtedness”),
any modification, refinancing, refunding, replacement, renewal or extension of such Indebtedness, in whole or in part; provided,
that (i) no Person that is not an obligor with respect to the Original Indebtedness shall be an obligor with respect to such
Permitted Refinancing Indebtedness, (ii) the final maturity and weighted average life to maturity of such Indebtedness shall
not be shortened as a result of such modification, refinancing, refunding, replacement, renewal or extension, (iii) in the
case of any modification, refinancing, refunding, replacement, renewal or extension of Indebtedness incurred pursuant to Section 7.2(b) or
Section 7.2(bb), the mandatory prepayment and redemption terms, covenants and events of default of such Indebtedness are either
(x) not materially more favorable (taken as a whole, as conclusively determined by the Borrower in good faith) to the lenders
providing such Indebtedness than those terms (taken as a whole) applicable to the Original Indebtedness (except to the extent such
terms apply solely to any period after the Latest Maturity Date or applied for the benefit of the Loans then outstanding) or (y) reflect
market terms and conditions at the time of incurrence or issuance, as conclusively determined by the Borrower in good faith, (iv) (x) in
the case of any Original Indebtedness consisting of a revolving credit facility, the committed amount does not exceed the committed
amount in respect of the Original Indebtedness and (y) in each case (including in respect of a revolving credit facility),
the principal amount (or accreted value, if applicable) thereof does not exceed the principal amount (or accreted value, if applicable)
of the Original Indebtedness, except in each case by an amount (such amount, the “Additional Permitted Amount”)
equal to unpaid accrued interest, fees, and premium (including make-whole premiums, prepayment premiums and amounts required to
be paid in connection with defeasance and satisfaction and discharge) thereon at such time plus reasonable fees and expenses
incurred in connection with such modification, refinancing, refunding, replacement, renewal or extension (including upfront fees
and original issue discount), (v) for the avoidance of doubt, the Original Indebtedness is paid down (or, with respect to
revolving credit facilities, commitments in respect thereof are reduced (together with, if applicable, payments of principal))
on a dollar-for-dollar basis by such Permitted Refinancing Indebtedness (other than by the Additional Permitted Amount), (vi) if
the Original Indebtedness shall have been subordinated to the Obligations, such Permitted Refinancing Indebtedness shall also be
subordinated to the Obligations on terms not less favorable in any material respect (taken as a whole) to the Lenders and (vii) such
Permitted Refinancing Indebtedness shall not be secured by any Lien on any asset other than the assets that secured such Original
Indebtedness (or would have been required to secure such Original Indebtedness pursuant to the terms thereof) or, in the event
Liens securing such Original Indebtedness shall have been contractually subordinated to any Lien securing the Obligations, by any
Lien that shall not have been contractually subordinated to at least the same extent.

 

“Permitted Unsecured
Indebtedness” means Indebtedness of the Borrower or any of its Subsidiaries (a) that is not (and any Guarantee Obligations
thereof by any Group Member are not) secured by any collateral (including the Collateral), (b) that does not mature earlier
than (or require scheduled amortization or mandatory commitment reductions in excess of 1.00% per annum prior to) the date that
is 91 days after the Latest Maturity Date then in effect at the time of incurrence thereof, (c) that contains mandatory prepayment
and redemption terms, covenants and events of default that are either (x) customary for similar Indebtedness in light of then-prevailing
market conditions (it being understood and agreed that such Indebtedness shall include financial maintenance covenants only to
the extent any such financial maintenance covenant is (i) applicable only to periods after the Latest Maturity Date then in
effect at the time of incurrence thereof or (ii) included in or added to the Loan Documents for the benefit of the Lenders)
or (y) when taken as a whole (other than interest rates, rate floors, fees and optional prepayment or redemption terms), are
not materially more favorable to the lenders or investors providing such Permitted Unsecured Indebtedness, as the case may be,
than those set forth in the Loan Documents are with respect to the Lenders (other than covenants or other provisions applicable
only to periods after the Latest Maturity Date then in effect at the time of incurrence thereof or that are included in or added
to the Loan Documents for the benefit of the Lenders), in the case of each of clauses (x) and (y), as conclusively determined
by the Borrower in good faith, and (e) that is not guaranteed by any Person other than on an unsecured basis by Group Members.

 

    47 

     

    

 

“Person”
means an individual, partnership, corporation, limited liability company, business trust, joint stock company, trust, unincorporated
association, joint venture, Governmental Authority or other entity of whatever nature.

 

“Plan”
means any employee pension benefit plan (other than a Multiemployer Plan) subject to the provisions of Title IV of ERISA or Section 412
of the Code or Section 302 of ERISA, and in respect of which the Borrower or any ERISA Affiliate is (or, if such plan were
terminated, would under Section 4069 of ERISA be deemed to be) an “employer” as defined in Section 3(5) of
ERISA.

 

“Plan Asset
Regulations” means 29 CFR § 2510.3-101 et seq., as modified by Section 3(42) of ERISA, as amended from time
to time.

 

“Platform”
has the meaning set forth in Section 10.15.

 

“Prime Rate”
means the rate of interest last quoted by The Wall Street Journal as the “Prime Rate” in the U.S. or, if The Wall Street
Journal ceases to quote such rate, the highest per annum interest rate published by the Federal Reserve 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 Federal
Reserve 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.

 

“Pro Forma Basis”
means, with respect to the calculation of any test or covenant hereunder, such test or covenant being calculated after giving effect
to (a) any designation of a Restricted Subsidiary as an Unrestricted Subsidiary, (b) any designation of an Unrestricted
Subsidiary as a Restricted Subsidiary, (c) any Material Acquisition, (d) any Material Disposition, (e) any assumption,
incurrence, repayment or other Disposition of Indebtedness, (f) the granting or assumption of any Lien and (g) in connection
with the foregoing, the making of any Restricted Payment (all of the foregoing, “Applicable Transactions”) using,
for purposes of determining such compliance, the historical financial statements of all entities or assets so designated, acquired
or sold (to the extent available) and the consolidated financial statements of the Borrower and its Restricted Subsidiaries, which
shall be reformulated as if all Applicable Transactions during the Applicable Reference Period, or subsequent to the Applicable
Reference Period and on or prior to the date of such calculation, had been consummated at the beginning of such period (and shall
include, with respect to any Material Acquisition or Material Disposition, any adjustments calculated in accordance with (and subject
to the requirements and limitations of) clause (i) of the definition of “Consolidated EBITDA”); provided
that with respect to any assumption, incurrence, repayment or other Disposition of Indebtedness (i) if such Indebtedness has
a floating rate of interest, the interest expense on such Indebtedness will be calculated as if the rate in effect on the date
of calculation had been the applicable rate for the entire period (taking into account any Swap Obligations applicable to such
Indebtedness if such Swap Obligation has a remaining term as at the date of calculation in excess of 12 months), (ii) interest
on Finance Lease Obligations shall be deemed to accrue at an interest rate reasonably determined by the Borrower to be the rate
of interest implicit in such Finance Lease Obligation in accordance with GAAP, (iii) interest on any Indebtedness under a
revolving credit facility shall be based upon the average daily balance of such Indebtedness during the applicable period and (iv) interest
on Indebtedness that may be optionally determined at an interest rate based upon a factor of a prime or similar rate, a eurocurrency
interbank offered rate, or other rate, shall be deemed to have been based upon the rate actually chosen, or, if none, then based
upon such optional rate as the Borrower may designate. For the avoidance of doubt, in calculating Consolidated Fixed Charges, (x) the
Consolidated Fixed Charges attributable to any Indebtedness assumed or incurred in connection with a Material Acquisition consummated
during the Applicable Reference Period or subsequent to the Applicable Reference Period and on or prior to the date of such calculation
shall be included and (y) the Consolidated Fixed Charges attributable to any Indebtedness repaid or otherwise Disposed of
pursuant to a Material Disposition consummated during the Applicable Reference Period or subsequent to the Applicable Reference
Period and on or prior to the date of such calculation shall be excluded.

 

    48 

     

    

 

“Pro Forma Financial
Statements” has the meaning set forth in Section 4.1(a).

 

“Pro Forma Period”
means with respect to any Restricted Payment, Investment or prepayment of Indebtedness (any of the foregoing, a “Specified
Event”), the period (a) commencing 30 days prior to the date such Specified Event is proposed by the Borrower to
occur and (b) ending on the date such Specified Event is proposed by the Borrower to occur.

 

“Prohibited
Transaction” has the meaning set forth in Section 406 of ERISA and Section 4975(c) of the Code.

 

“Projections”
has the meaning set forth in Section 6.2(c).

 

“Protective
Advance Exposure” means at any time, the sum of the aggregate amount of all outstanding Protective Advances at such time.
The Protective Advance Exposure of any Revolving Lender at any time shall be its Revolving Percentage of the total Protective Advance
Exposure at such time.

 

“Protective
Advances” has the meaning set forth in Section 2.3(a).

 

“PTE”
means a prohibited transaction class exemption issued by the U.S. Department of Labor, as any such exemption may be amended from
time to time.

 

“Public-Sider”
means a Lender whose representatives may trade in securities of the Borrower or any of its Subsidiaries while in possession of
the financial statements provided by the Borrower under the terms of this Agreement.

 

“QFC”
has the meaning assigned to the term “qualified financial contract” in, and shall be interpreted in accordance with,
12 U.S.C. 5390(c)(8)(D).

 

“QFC Credit
Support” has the meaning set forth in Section 10.20.

 

    49 

     

    

 

“Qualified
Capital Stock” means Capital Stock of the Borrower other than Disqualified Capital Stock.

 

“Qualified Securitization
Transaction” means any Securitization Transaction of a Securitization Subsidiary that meets the following conditions:

 

(a)          the
Borrower shall have determined in good faith that such Securitization Transaction (including financing terms, covenants, termination
events and other provisions) is in the aggregate economically fair and reasonable to the Borrower and its Restricted Subsidiaries
(other than such Securitization Subsidiary);

 

(b)          all
sales of Securitization Assets to the Securitization Subsidiary are made at fair market value (as determined in good faith by
the Borrower);

 

(c)          the
Securitization Assets sold to the Securitization Subsidiary are (i) owned and originated by the Acquired Business (or any
subsidiary of Acima formed or acquired after the Closing Date) and (ii) sold in reliance on Section 7.5(m);

 

(d)          any
Indebtedness incurred in such Securitization Transaction is made only in reliance on Section 7.2(v);

 

(e)          any
Liens securing Indebtedness in such Securitization Transaction are secured only in reliance on Section 7.3(q); and

 

(f)           the
financing terms, covenants, termination events and other provisions thereof shall be market terms (as determined in good faith
by the Borrower) and may include Standard Securitization Undertakings.

 

The grant of a security
interest in any assets of the Borrower or any of its Restricted Subsidiaries (other than a Securitization Subsidiary) to secure
any Indebtedness shall not be deemed a Qualified Securitization Transaction; provided, that it is understood and agreed
for the avoidance of doubt that this Agreement does not permit any Liens on ABL Priority Collateral that secure Indebtedness on
a pari passu basis with the Loans.

 

“Recent Rental
Proceeds” means, as of any day, the aggregate cash proceeds from rental payments and fees (excluding sales tax) received
by the Loan Parties pursuant to Eligible Rental Agreements during the three calendar months most recently ended on or prior to
such day.

 

“Reference Period”
means each period of four consecutive fiscal quarters of the Borrower.

 

“Reference Time”
with respect to any setting of the then-current Benchmark means (1) if such Benchmark is LIBO Rate, 11:00 a.m. (London
time) on the day that is two London banking days preceding the date of such setting, and (2) if such Benchmark is not LIBO
Rate, the time determined by the Administrative Agent in its reasonable discretion.

 

“Register”
has the meaning set forth in Section 10.6(b)(iv).

 

    50 

     

    

 

“Regulation
D” means Regulation D of the Federal Reserve Board, as in effect from time to time and all official rulings and interpretations
thereunder or thereof.

 

“Regulation
T” means Regulation T of the Federal Reserve Board, as in effect from time to time and all official rulings and interpretations
thereunder or thereof.

 

“Regulation
U” means Regulation U of the Board, as in effect from time to time and all official rulings and interpretations thereunder
or thereof.

 

“Regulation
X” means Regulation X of the Federal Reserve Board, as in effect from time to time and all official rulings and
interpretations thereunder or thereof.

 

“Reimbursement
Obligation” means the obligation of the Borrower to reimburse the Issuing Lender pursuant to Section 3.5 for amounts
drawn under Letters of Credit.

 

“Related Parties”
with respect to any specified Person, such Person’s Affiliates and the respective directors, officers, employees, agents
and advisors of such Person and such Person’s Affiliates.

 

“Relevant Governmental
Body” means the Federal Reserve Board or the NYFRB, or a committee officially endorsed or convened by the Federal Reserve
Board or the NYFRB, or any successor thereto.

 

“Rent Reserve”
means with respect to any store, warehouse distribution center, regional distribution center or depot where any Inventory subject
to Liens arising by operation of law is located, a reserve equal to three months’ rent at such store, warehouse distribution
center, regional distribution center or depot.

 

“Rental Agreement
Portfolio” means, at any time, the Eligible Rental Agreements of the Loan Parties.

 

“Report”
means reports prepared by the Administrative Agent or another Person showing the results of appraisals, field examinations or audits
pertaining to the assets of the Loan Parties from information furnished by or on behalf of the Borrower, after the Administrative
Agent has exercised its rights of inspection pursuant to this Agreement, which Reports may be distributed to the Lenders by the
Administrative Agent.

 

“Reported Banking
Services Obligations” means Banking Services Obligations of any Loan Party owing to one or more Lenders or their respective
Affiliates; provided that, as of any date of determination, such obligations shall constitute Reported Banking Services
Obligations solely to the extent that the Lender party thereto or its Affiliate (other than JPMCB and its Affiliates, which shall
have been deemed to have provided such reports to the Administrative Agent) shall have reported the amount of such outstanding
obligations to the Administrative Agent as of the last day of the previous fiscal quarter on or prior to the date that is 15 days
following the end of such fiscal quarter (or (x) prior to the date that is 15 days following the end of the first fiscal quarter
following the Closing Date, within 15 days of the Closing Date such Lender or Affiliate shall have reported the amount of such
outstanding obligations as of the Closing Date, and (y) within 10 days of any request therefor by the Administrative Agent,
such Lender or Affiliate shall have reported the amount of such outstanding obligations as of any other date reasonably requested
by the Administrative Agent).

 

    51 

     

    

 

“Repurchase
Obligation” means any obligation of a seller of Securitization Assets in a Qualified Securitization Transaction to repurchase
such Securitization Assets arising as a result of a breach of a representation, warranty or covenant or otherwise, including as
a result of a receivable or portion thereof becoming subject to any asserted defense, dispute, off-set or counterclaim of any kind
as a result of any action taken by, any failure to take action by or any other event relating to the seller.

 

“Reported Secured
Swap Obligations” means Secured Swap Obligations of any Loan Party owing to one or more Lenders or their respective Affiliates;
provided that, as of any date of determination, such obligations shall constitute Reported Secured Swap Obligations solely
to the extent that as of any date of determination, such Lender party thereto or its Affiliate (other than JPMCB and its Affiliates,
which shall have been deemed to have provided such reports to the Administrative Agent) shall have reported the amount of such
outstanding Swap Obligations to the Administrative Agent as of the last day of the previous fiscal quarter on or prior to the date
that is 15 days following the end of such fiscal quarter (or (x) prior to the date that is 15 days following the end of the
first fiscal quarter following the Closing Date, within 30 days of the Closing Date such Lender or Affiliate shall have reported
the amount of such outstanding obligations as of the Closing Date and (y) within 10 days of any request therefor by the Administrative
Agent, such Lender or Affiliate shall have reported the amount of such outstanding Swap Obligations as of any other date reasonably
requested by the Administrative Agent).

 

“Required Lenders”
means at any time, the holders of more than 50% of the Total Commitments then in effect or, if the Commitments have been terminated,
the Total Revolving Extensions of Credit then outstanding.

 

“Requirement
of Law” means as to any Person, the Certificate of Incorporation and By-Laws or other organizational or governing documents
of such Person, and any law, 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 property or to which such Person or any of its
property is subject.

 

“Reserves”
means, any and all reserves which the Administrative Agent deems necessary, in its Permitted Discretion (following (to the extent
practicable) reasonable prior notice to, and consultation with, the Borrower), to maintain (including, without limitation, Banking
Services Reserves, Rent Reserves, reserves for dilution of Accounts, reserves for Inventory shrinkage, reserves for customs charges
and shipping charges related to any Inventory in transit and reserves for Swap Obligations) with respect to the Collateral or any
Loan Party.

 

    52 

     

    

 

Notwithstanding anything
to the contrary in this Agreement, (a) such Reserves shall not be established or changed except upon not less than four (4) Business
Days’ prior written notice to the Borrower, which notice shall include a reasonably detailed description of such Reserve
being established (during which period (i) the Administrative Agent shall, if requested, discuss any such Reserve or change
with the Borrower and (ii) the Borrower may take such action as may be required so that the event, condition or matter that
is the basis for such Reserve or change thereto no longer exists or exists in a manner that would result in the establishment of
a lower Reserve or result in a lesser change thereto, in a manner and to the extent reasonably satisfactory to the Administrative
Agent); provided, that such establishment of or changes to Reserves will become effective immediately prior to any Borrowing
that occurs during such four (4) Business Day period, (b) the amount of any Reserve established by the Administrative
Agent, and any change in the amount of any Reserve, shall have a reasonable relationship to the event, condition or other matter
that is the basis for such Reserve or such change and (c) no reserves or changes shall be duplicative of reserves or changes
already accounted for through eligibility criteria.

 

“Resolution
Authority” means, with respect to any EEA Financial Institution, an EEA Resolution Authority or, with respect to any
UK Financial Institution, a UK Resolution Authority.

 

“Responsible
Officer” means the chief executive officer, president, chief financial officer, senior vice president, finance, or treasurer
of the Borrower, but in any event, with respect to financial matters, the chief financial officer or senior vice president, finance,
of the Borrower.

 

“Restricted
Debt Payment” has the meaning set forth in Section 7.8(a).

 

“Restricted
Indebtedness” means any Subordinated Indebtedness, any Unsecured Notes and any Permitted Refinancing Indebtedness in
respect of any Unsecured Notes.

 

“Restricted
Payments” has the meaning set forth in Section 7.6.

 

“Restricted
Subsidiary” means any Subsidiary of the Borrower other than an Unrestricted Subsidiary.

 

“Revolving Commitment
Period” means the period from and including the Closing Date to the Revolving Termination Date.

 

“Revolving Extensions
of Credit” means as to any Revolving Lender at any time, an amount equal to the sum of (a) the aggregate principal
amount of all Revolving Loans held by such Lender then outstanding, (b) such Lender’s Revolving Percentage of the L/C
Obligations then outstanding and (c) such Lender’s Revolving Percentage of the Protective Advances then outstanding.

 

“Revolving Lender”
means each Lender that has a Commitment or that holds Revolving Loans.

 

“Revolving Loans”
has the meaning set forth in Section 2.1(a).

 

“Revolving Percentage”
means as to any Revolving Lender at any time, the percentage which such Lender’s Commitment then constitutes of the Total
Commitments or, at any time after the Commitments shall have expired or terminated, the percentage which the aggregate principal
amount of such Lender’s Revolving Loans then outstanding constitutes of the aggregate principal amount of the Revolving Loans
then outstanding, provided, that, in the event that the Revolving Loans are paid in full prior to the reduction to zero of the
Total Revolving Extensions of Credit, the Revolving Percentage of any Lender shall be such Lender’s Revolving Percentage
immediately prior to the repayment in full of the Revolving Loans. Notwithstanding the foregoing, in the case of Section 2.23
when a Defaulting Lender shall exist, Revolving Percentages shall be determined without regard to any Defaulting Lender’s
Commitment.

 

    53 

     

    

 

“Revolving Termination
Date” means the Scheduled Maturity Date.

 

“S&P”
means Standard & Poor’s Rating Services, a Standard & Poor’s Financial Services LLC business.

 

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

 

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

 

“Sanctions”
means all comprehensive economic or financial sanctions or trade embargoes imposed, administered or enforced from time to time
by (a) the U.S. government, including those administered by the Office of Foreign Assets Control of the U.S. Department of
the Treasury or the U.S. Department of State, or (b) the United Nations Security Council, the European Union, any European
Union member state, Her Majesty’s Treasury of the United Kingdom or other relevant sanctions authority, in each case, having
jurisdiction over any Group Member.

 

“Scheduled Maturity
Date” means February 17, 2026.

 

“SEC”
means the Securities and Exchange Commission, any successor thereto and any analogous Governmental Authority.

 

“Secured Parties”
has the meaning set forth in the Guarantee and Collateral Agreement.

 

“Secured Swap
Obligations” means Swap Obligations of any Loan Party owing to (a) the Administrative Agent or its Affiliates or
(b) one or more Lenders or their respective Affiliates; provided that at or prior to the time that the Swap Agreement
giving rise to such Swap Obligation is entered into (or, if later, the Closing Date) the Borrower (other than for transactions
with JPMCB and its Affiliates) and the Lender party thereto or its Affiliate (other than JPMCB and its Affiliates) shall have delivered
written notice to the Administrative Agent that such Swap Agreement has been entered into and that the Swap Obligations under such
Swap Agreement constitute a Secured Swap Obligation entitled to the benefits of the Security Documents.

 

    54 

     

    

 

“Securitization
Assets” means accounts receivable, lease receivables or other payment obligations owing to the Borrower or a Restricted
Subsidiary or any interest in any of the foregoing, together in each case with any collections and other proceeds thereof, any
collection or deposit account related thereto, and any collateral, guarantees or other property (including Rental Agreements, Chattel
Paper, General Intangibles, Instruments or Documents) or claims in each case supporting or securing payment by the obligor
thereon of, or otherwise related to, or subject to leases giving rise to, any such receivables.

 

“Securitization
Fee” means distributions or payments made directly or by means of discounts with respect to any accounts receivable,
rental agreements, chattel paper, lease receivable or other right to payment or 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 Qualified Securitization Transaction.

 

“Securitization
Parent” means a Domestic Subsidiary that is a Wholly Owned Subsidiary of the Borrower (a) substantially all of the
assets of which consist of Capital Stock of one or more Securitization Subsidiaries or Securitization Parents, (b) which conducts
no other business than holding such Capital Stock and (c) that is either wholly owned by one or more Loan Parties or by one
or more Securitization Parents.

 

“Securitization
Residual Interests” means (a) any dividend or other distribution from a Securitization Subsidiary or Securitization
Parent and any proceeds thereof, (b) Capital Stock or other investment property reflecting an ownership interest in (i) any
Securitization Subsidiary (except to the extent that a grant of a security interest in the Capital Stock or other investment property
of such Securitization Subsidiary is restricted by or would constitute a breach or default under or result in or give rise to the
right of termination under any contract, agreement or instrument entered into by such Securitization Subsidiary and the provider
of debt (or purchaser of Securitization Assets, as applicable) in connection with such Qualified Securitization Transaction) or
(ii) any Securitization Parent, (c) any interest, certificate, general intangible, chattel paper, instrument or document
issued in connection with a Securitization Transaction that evidences a residual interest in a Securitization Transaction and (d) any
other residual interest in a Securitization Transaction, in each case, to the extent an asset of a Loan Party.

 

“Securitization
Subsidiary” means a trust, bankruptcy remote entity or other special purpose entity which is (A) a Domestic Subsidiary
that is a Wholly Owned Subsidiary of the Borrower, (B) wholly owned directly by either (I) one or more Loan Parties or
(II) a Securitization Parent and (C) which is formed for the purpose of and engages in no material business other than
acting as an issuer or a depositor or borrower in a Qualified Securitization Transaction (and, in connection therewith, owning
Securitization Assets and pledging or transferring any of the foregoing or interests therein and engaging in any business or activities
incidental or related thereto), and:

 

(a)            no
portion of the Indebtedness or any other obligations (contingent or otherwise) of which (i) is guaranteed by the Borrower
or any other Restricted Subsidiary of the Borrower (excluding guarantees of obligations (other than the principal of and interest
on, Indebtedness) pursuant to Standard Securitization Undertakings), (ii) is recourse to or obligates the Borrower or
any other Restricted Subsidiary of the Borrower in any way other than pursuant to Standard Securitization Undertakings, or (iii) subjects
any property or asset of the Borrower or any other Restricted Subsidiary of the Borrower, directly or indirectly, contingently
or otherwise, to the satisfaction thereof, other than pursuant to Standard Securitization Undertakings;

 

    55 

     

    

 

(b)          with
which neither the Borrower nor any other Restricted Subsidiary of the Borrower has any material contract, agreement, arrangement
or understanding other than on terms which the Borrower reasonably believes to be no less favorable to the Borrower or such Restricted
Subsidiary than those that might be obtained at the time from Persons that are not Affiliates of the Borrower; and

 

(c)          to
which neither the Borrower nor any other Restricted Subsidiary of the Borrower has any obligation to maintain or preserve such
entity’s financial condition or cause such entity to achieve certain levels of operating results.

 

“Securitization
Transaction” means any transaction or series of transactions that may be entered into by the Borrower or any of its Restricted
Subsidiaries pursuant to which the Borrower or any of its Subsidiaries may sell, discount, assign, factor, convey, participate,
contribute to capital, grant a security interest in, pledge or otherwise transfer (including for purposes of facilitating a warehouse
facility relating to a Securitization Transaction) to (a) a Securitization Subsidiary (in the case of a transfer by the Borrower
or any of its Restricted Subsidiaries) or (b) any other Person (in the case of a transfer by a Securitization Subsidiary)
of any Securitization Assets.

 

“Security Documents”
means the collective reference to the Guarantee and Collateral Agreement, any Deposit Account Control Agreements and all other
security documents hereafter delivered to the Administrative Agent granting a Lien on any property of any Person to secure the
obligations and liabilities of any Loan Party under any Loan Document.

 

“SOFR”
means, with respect to any Business Day, a rate per annum equal to the secured overnight financing rate for such Business Day published
by the SOFR Administrator on the SOFR Administrator’s Website at approximately 8:00 a.m. (New York City time) on the
immediately succeeding Business Day.

 

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

 

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

 

“Solvent”
means, when used with respect to any Person, that, as of any date of determination, (a) the fair value of the assets of such
Person will exceed its debts and liabilities, subordinated, contingent or otherwise, (b) the present fair saleable value of
the assets of such Person will be greater than the amount that will be required to pay the probable liabilities on its debts and
other liabilities, subordinated, contingent or otherwise, as such debts and other liabilities become absolute and matured, (c) such
Person will be able to pay its debts and liabilities, subordinated, contingent or otherwise, as such debts and liabilities become
absolute and matured and (d) such Person is not engaged in, and is not about to engage in, business for which it has unreasonably
small capital. The amount of any contingent liability at any time shall be computed as the amount that would reasonably be expected
to become an actual and matured liability.

 

    56 

     

    

 

“Specified Acquisition
Agreement Representations” means, with respect to any acquisition contemplated by the Borrower or any Restricted Subsidiary,
the representations made by or on behalf of the proposed target of such acquisition in the documentation governing such acquisition
(the “Subject Acquisition Agreement”) that are material to the interests of the Lenders, but only to the extent
that the Borrower (or its affiliates) has the right (taking into account any applicable cure provisions) to terminate its (or such
affiliates’) obligations under the Subject Acquisition Agreement or decline to consummate the applicable acquisition as a
result of a breach of such representations and warranties in the Subject Acquisition Agreement.

 

“Specified Administrative
Agent Location” means one or more locations in the continental United States identified in writing by the Administrative
Agent to the Borrower from time to time.

 

“Specified Event
of Default” means an Event of Default under Section 8(a), 8(b) (with respect to any Borrowing Base Certificate),
8(d) (with respect to any breach of Section 6.2(g), 6.2(i) or Section 6.12 of this Agreement or Sections 8.1
or 8.2 of the Guarantee and Collateral Agreement) or Section 8(f).

 

“Specified Indebtedness”
means Indebtedness of the types described in clauses (a) and (c) of the definition of “Indebtedness” (including,
for the avoidance of doubt, any Indebtedness incurred in connection with a Securitization Transaction).

 

“Specified Letter
of Credit” means that certain Letter of Credit, dated as of September 30, 2010, issued at the request of the Borrower
by JPMCB for the benefit of Hartford Fire Insurance Company (as renewed, amended, restated, amended and restated, supplemented
or otherwise modified from time to time).

 

“Specified Transaction”
has the meaning set forth in Section 1.7.

 

“Standard Securitization
Undertakings” means representations, warranties, covenants, Repurchase Obligations, indemnities and guarantees of performance
entered into by any Group Member that are customary in an asset securitization financing, including those relating to the servicing
of the assets of a Securitization Subsidiary.

 

“Statutory Reserve
Rate” means a fraction (expressed as a decimal), the numerator of which is the number one and the denominator of which
is the number one minus the aggregate of the maximum reserve percentage (including any marginal, special, emergency or supplemental
reserves) expressed as a decimal established by the Federal Reserve Board to which the Administrative Agent is subject with respect
to the Adjusted LIBO Rate, for eurocurrency funding (currently referred to as “Eurocurrency liabilities” in Regulation
D). Such reserve percentage shall include those imposed pursuant to Regulation D. Eurodollar Loans shall be deemed to constitute
eurocurrency funding and to be subject to such reserve requirements without benefit of or credit for proration, exemptions or offsets
that may be available from time to time to any Lender under 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.

  

    57 

     

    

 

“Subject Agreements”
has the meaning set forth in Section 6.13(a).

 

“Subordinated
Indebtedness” means any Specified Indebtedness of any Group Member that is expressly subordinated in right of payment
to the Obligations; provided that, for the avoidance of doubt, Indebtedness under the Term Loan Credit Agreement shall
not be considered Subordinated Indebtedness.

 

“Subsidiary”
means as to any Person, a corporation, partnership, limited liability company or other entity 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 or other entity are at the time owned, or the management of which is otherwise controlled, directly or indirectly through
one or more intermediaries, or both, by such Person. Unless otherwise qualified, all references to a “Subsidiary” or
to “Subsidiaries” in this Agreement shall refer to a Subsidiary or Subsidiaries of the Borrower.

 

“Subsidiary
Guarantor” means (i) each Restricted Subsidiary of the Borrower that is a Domestic Subsidiary (other than any Excluded
Subsidiary) and (ii) each other Restricted Subsidiary that is an obligor under or guarantor in respect of the Term Loans or
any Permitted Refinancing Indebtedness in respect thereof.

 

“Supermajority
Lenders” means at any time, the holders of more than 66 2/3% of (a) until the Closing Date, the Commitments then
in effect and (b) thereafter, the Total Commitments then in effect or, if the Commitments have been terminated, the Total
Revolving Extensions of Credit then outstanding.

 

“Supported QFC”
has the meaning set forth in Section 10.20.

 

“Swap”
means any agreement, contract, or transaction that constitutes a “swap” within the meaning of section 1a(47) of the
Commodity Exchange Act.

 

“Swap Agreement”
means any agreement with respect to any swap, forward, future or derivative transaction or option or similar agreement involving,
or settled by reference to, one or more rates, currencies, commodities, equity or debt instruments or securities, or economic,
financial or pricing indices or measures of economic, financial or pricing risk or value or any similar transaction or any combination
of these transactions; provided that no phantom stock or similar plan providing for payments only on account of services
provided by current or former directors, officers, employees or consultants of the Borrower or any of its Subsidiaries shall be
a “Swap Agreement”.

 

“Swap Obligation”
means with respect to any Person, any obligation to pay or perform under any Swap Agreement.

 

“Target Debt
Repayment” means the repayment of, termination of all commitments under and the discharge and release of all security
and guarantees in respect of the following debt instruments of the Acquired Business: (a) the Credit Agreement, dated as of
April 27, 2018, entered into with Comvest Capital IV, L.P., Crystal Financial LLC and the lenders party thereto, (b) the
Third Amended and Restated Promissory Note, dated as of April 27, 2018, entered into with Aaron Allred and (c) the Amended
and Restated Promissory Note, dated as of April 27, 2018, entered into with Austin Allred and subsequently assigned to Aaron
Allred.

 

    58 

     

    

 

“Taxes”
means all present or future taxes, levies, imposts, duties, deductions, withholdings (including backup withholding), assessments,
fees or other charges imposed by any Governmental Authority, including any interest, additions to tax or penalties applicable thereto.

 

“Term Loan Administrative
Agent” means JPMCB, as administrative agent under the Term Loan Documents, and its successors and assigns.

 

“Term Loan Credit
Agreement” means the Term Loan Credit Agreement, dated as of the Closing Date, among the Borrower, the lenders and agents
party thereto and the Term Loan Administrative Agent, as the same may be amended, restated, amended and restated, modified, supplemented,
refinanced and/or replaced from time to time in accordance with the terms thereof and the Intercreditor Agreement to the extent
constituting Permitted Refinancing Indebtedness.

 

“Term Loan Documents”
means collectively (a) the Term Loan Credit Agreement, (b) the Term Loan Security Documents, (c) the Intercreditor
Agreement, (d) any promissory note evidencing loans under the Term Loan Credit Agreement and (e) any amendment, restatement,
amendment and restatement, waiver, supplement or other modification to any of the documents described in clauses (a) through
(d).

 

“Term Loan Incremental
Equivalent Debt” means any Indebtedness incurred by a Loan Party in the form of one or more series of secured or unsecured
bonds, debentures, notes or similar instruments or term loans; provided that (a) if such Indebtedness is secured, (i) the
liens securing such Indebtedness shall be junior, with respect to the ABL Priority Collateral, to the Liens on the Collateral securing
the Obligations and (ii) a representative, trustee, collateral agent, security agent or similar Person acting on behalf of
the holders of such Indebtedness shall have become party to an intercreditor agreement reasonably satisfactory to the Administrative
Agent, (b) such Indebtedness does not mature earlier than the date that is 91 days after the Latest Maturity Date (as defined
in the Term Loan Credit Agreement) then in effect at the time of incurrence thereof and has a weighted average life to maturity
no shorter than the Facility (as defined in the Term Loan Credit Agreement) of Term Loans with the Latest Maturity Date (as defined
in the Term Loan Credit Agreement) in effect at the time of incurrence of such Indebtedness, (c) such Indebtedness contains
mandatory prepayment and redemption terms, covenants and events of default that are either (x) customary for similar Indebtedness
in light of then-prevailing market conditions (it being understood and agreed that such Indebtedness shall include financial maintenance
covenants only to the extent any such financial maintenance covenant is (i) applicable only to periods after the Latest Maturity
Date (as defined in the Term Loan Credit Agreement) then in effect at the time of incurrence thereof or (ii) included in or
added to the Term Loan Documents for the benefit of the lenders under the Term Loan Credit Agreement) or (y) when taken as
a whole (other than interest rates, rate floors, fees and optional prepayment or redemption terms), not materially more favorable
to the lenders or investors providing such Term Loan Incremental Equivalent Debt, as the case may be, than those set forth in the
Term Loan Documents are with respect to the lenders under the Term Loan Credit Agreement (other than covenants or other provisions
applicable only to periods after the Latest Maturity Date (as defined in the Term Loan Credit Agreement) then in effect at the
time of incurrence thereof or that are included in or added to the Term Loan Documents for the benefit of the lenders under the
Term Loan Credit Agreement), in the case of each of clauses (x) and (y), as conclusively determined by the Borrower in good
faith, and (d) such Indebtedness is not guaranteed by any Person other than Loan Parties.

 

    59 

     

    

 

“Term Loan Security
Documents” means the collective reference to the Guarantee and Collateral Agreement (as defined in the Term Loan Credit
Agreement) and all other security documents delivered to the Term Loan Administrative Agent granting a Lien on any property of
any Person to secure the obligations and liabilities of any Loan Party under any Term Loan Document.

 

“Term Loans”
means loans outstanding under the Term Loan Credit Agreement.

 

“Term SOFR”
means, for the applicable Corresponding Tenor as of the applicable Reference Time, the forward-looking term rate based on SOFR
that has been selected or recommended by the Relevant Governmental Body.

 

“Term SOFR Notice”
means a notification by the Administrative Agent to the Lenders and the Borrower of the occurrence of a Term SOFR Transition Event.

 

“Term SOFR Transition
Event” means the determination by the Administrative Agent that (a) Term SOFR has been recommended for use by the
Relevant Governmental Body, (b) the administration of Term SOFR 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 2.16
that is not Term SOFR.

 

“Total Commitments”
means at any time, the aggregate amount of the Commitments then in effect.

 

“Total Revolving
Extensions of Credit” means at any time, the aggregate amount of the Revolving Extensions of Credit of the Revolving
Lenders outstanding at such time.

 

“Trade Date”
means with respect to any sale or assignment of rights by a Lender under this Agreement, the date on which such Lender entered
into a binding agreement to sell or assign all or a portion of its rights under this Agreement.

 

“Transaction
Costs” means fees, premiums, expenses, closing payments and other similar transaction costs (including upfront or similar
fees) payable or otherwise borne by the Borrower and/or its Subsidiaries in connection with the Transactions and the transactions
contemplated thereby.

 

“Transactions”
means collectively, (a) the consummation of the Acima Acquisition, (b) the execution, delivery and performance by the
Borrower and the other Loan Parties of this Agreement, the borrowing of Loans hereunder and the use of proceeds thereof, (c) the
execution, delivery and performance by the Borrower and the other Loan Parties of the Term Loan Credit Agreement, the borrowing
of Term Loans thereunder and the use of proceeds thereof, (d) (w) the issuance by Funding SPV of the Unsecured Notes,
(x) the merger of Funding SPV with and into the Borrower, (y) the execution and delivery by the Borrower and the other
Loan Parties of a supplemental indenture to the Unsecured Notes Indenture, pursuant to which the Borrower assumes the obligations
of Funding SPV as issuer thereunder and the other Loan Parties provide guarantees thereof and (z) the release from escrow
of the proceeds of the Unsecured Notes and the use of proceeds thereof, (e) the Debt Repayment and (f) the payment of
the Transaction Costs.

 

    60 

     

    

 

“Transferee”
means any Assignee or Participant.

 

“Type”
means, when used in reference to any Loan or Borrowing, refers to whether the rate of interest on such Loan, or on the Loans comprising
such Borrowing, is determined by reference to the Adjusted LIBO Rate or the Alternate Base Rate.

 

“UK
Financial Institutions” means any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended form
time to time) promulgated by the United Kingdom Prudential Regulation Authority) or any person falling within IFPRU 11.6 of the
FCA Handbook (as amended from time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes certain
credit institutions and investment firms, and certain affiliates of such credit institutions or investment firms.

 

“UK
Resolution Authority” means the Bank of England or any other public administrative authority having responsibility for
the resolution of any UK Financial Institution.

 

“Unadjusted
Benchmark Replacement” means the applicable Benchmark Replacement excluding the related Benchmark Replacement Adjustment.

 

“United States”
means the United States of America.

 

“Unrestricted
Cash” means unrestricted cash and Cash Equivalents owned by any Group Member (including the Insurance Subsidiary) and
not controlled by or subject to any Lien or other preferential arrangement in favor of any creditor (other than Liens created
under the Security Documents or the Term Loan Security Documents (or the comparable security documents governing any Permitted
Refinancing Indebtedness in respect thereof) and Liens of the type referred to in Section 7.3(u) or Section 7.3(x));
provided that Unrestricted Cash shall only include cash and Cash Equivalents of the Insurance Subsidiary to the extent
in excess of any minimum cash amounts that the Insurance Subsidiary is required by law or regulation to maintain.

 

“Unrestricted
Subsidiary” means (a) any Subsidiary of the Borrower that is designated as an Unrestricted Subsidiary by the Borrower
pursuant to Section 6.11 subsequent to the Closing Date and (b) any Subsidiary of an Unrestricted Subsidiary.

 

“Unsecured
Notes” means the 6.375% senior unsecured notes issued and sold pursuant to the Unsecured Notes Indenture as the same
may be amended, restated, amended and restated, modified and/or supplemented from time to time in accordance with the terms hereof.

 

“Unsecured
Notes Documents” means collectively (a) the Unsecured Notes Indenture, (b) the Unsecured Notes and (c) any
amendment, restatement, amendment and restatement, waiver, supplement or other modification to any of the documents described
in clauses (a) and (b).

 

“Unsecured
Notes Indenture” means the Indenture, dated as of February 17, 2021, entered into by Funding SPV (to be merged
with and into the Borrower) and Truist Bank, as trustee, as the same may be amended, restated, amended and restated, modified
and/or supplemented from time to time in accordance with the terms hereof.

 

    61

     

    

 

“Upfront Fee
Letter” means that certain Upfront Fee Letter, dated as of February 17, 2021 by and between the Borrower and the
Administrative Agent.

 

“U.S. Person”
means a “United States person” within the meaning of Section 7701(a)(30) of the Code.

 

“U.S. Special
Resolution Regime” has the meaning set forth in Section 10.20.

 

“U.S. Tax Compliance
Certificate” has the meaning set forth in Section 2.19(f)(ii)(B)(3).

 

“Voluntary
Prepayment Amount” means as of any date, an amount equal to (i) the sum of the aggregate principal amount of all
optional prepayments of Term Loans made after the Closing Date and prior to such date (excluding prepayments made with the proceeds
of long-term Indebtedness) less (ii) the aggregate principal amount of Indebtedness established pursuant to Section 7.2(b) or
Section 7.2(t) after the Closing Date and prior to such date in reliance on the Voluntary Prepayment Amount; provided
that (i) no prepayment of Term Loans secured on a junior basis to the Term Loans borrowed on the Closing Date shall increase
the Voluntary Prepayment Amount with respect to Indebtedness to be secured on a pari passu basis with the the Term Loans
borrowed on the Closing Date and (ii) no prepayment of unsecured Term Loans shall increase the Voluntary Prepayment Amount
with respect to Indebtedness to be secured.

 

“Weekly Borrowing
Base Period” means each period beginning on the fifth consecutive Business Day on which Availability is less than the
greater of (a) 12.5% of the Line Cap and (b) 60,000,000; provided that any such Weekly Borrowing Base Period
shall end when and if Availability shall have been not less than (i) such specified level and (ii) $60,000,000 for 30
consecutive days each.

 

“Wholly Owned
Subsidiary” means as to any Person, any other Person all of the Capital Stock of which (other than directors’
qualifying shares required by law) is owned by such Person directly and/or through other Wholly Owned Subsidiaries.

 

“Withdrawal
Liability” means liability to a Multiemployer Plan as a result of a complete or partial withdrawal from such Multiemployer
Plan, as such terms are defined in Part I of Subtitle E of Title IV of ERISA.

 

“Write-Down
and Conversion Powers” means, (a) with respect to any EEA Resolution Authority, the write-down and conversion powers
of such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which
write-down and conversion powers are described in the EU Bail-In Legislation Schedule, and (b) with respect to the United
Kingdom, any powers of the applicable Resolution Authority under the Bail-In Legislation to cancel, reduce, modify or change the
form of a liability of any UK Financial Institution or any contract or instrument under which that liability arises, to convert
all or part of that liability into shares, securities or obligations of that person or any other person, to provide that any such
contract or instrument is to have effect as if a right had been exercised under it or to suspend any obligation in respect of
that liability or any of the powers under that Bail-In Legislation that are related to or ancillary to any of those powers.

 

    62

     

    

 

1.2          Classification
of Loans and Borrowings. For purposes of this Agreement, Loans may be classified and referred to by Type (e.g., a “Eurodollar
Loan”). Borrowings also may be classified and referred to by Type (e.g., a “Eurodollar Borrowing”).

 

1.3          Other
Definitional Provisions. (a)  Unless otherwise specified therein, all terms defined in this Agreement shall have the
defined meanings when used in the other Loan Documents or any certificate or other document made or delivered pursuant hereto
or thereto.

 

(b)         As
used herein and in the other Loan Documents, and any certificate or other document made or delivered pursuant hereto or thereto,
(i) accounting terms relating to any Group Member not defined in Section 1.1 and accounting terms partly defined in
Section 1.1, to the extent not defined, shall have the respective meanings given to them under GAAP (provided that
all terms of an accounting or financial nature used herein shall be construed, and all computations of amounts and ratios referred
to herein shall be made, without giving effect to (x) any election under Accounting Standards Codification 825-10-25 (previously
referred to as Statement of Financial Accounting Standards 159) (or any other Accounting Standards Codification or Financial Accounting
Standard having a similar result or effect) to value any Indebtedness or other liabilities of the Borrower or any Subsidiary at
 “fair value”, as defined therein and (y) any treatment of Indebtedness in respect of convertible debt instruments
under Accounting Standards Codification 470-20 (or any other Accounting Standards Codification or Financial Accounting Standard
having a similar result or effect) to value any such Indebtedness in a reduced or bifurcated manner as described therein, and
such Indebtedness shall at all times be valued at the full stated principal amount thereof), (ii) the words “include”,
 “includes” and “including” shall be deemed to be followed by the phrase “without limitation”,
(iii) the word “incur” shall be construed to mean incur, create, issue, assume, become liable in respect of or
suffer to exist (and the words “incurred” and “incurrence” shall have correlative meanings), (iv) the
words “asset” and “property” shall be construed to have the same meaning and effect and to refer to any
and all tangible and intangible assets and properties, including cash, Capital Stock, securities, revenues, accounts, leasehold
interests and contract rights, (v) references to agreements or other Contractual Obligations shall, unless otherwise specified,
be deemed to refer to such agreements or Contractual Obligations as amended, supplemented, restated, amended and restated or otherwise
modified from time to time and (vi) the concept of “letters of credit” shall be construed to include banker’s
acceptances.

 

(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, Schedule and Exhibit references
are to this Agreement unless otherwise specified.

 

(d)          The
meanings given to terms defined herein shall be equally applicable to both the singular and plural forms of such terms.

 

    63

     

    

 

(e)          Unless
otherwise defined herein or the context otherwise requires, terms for which meanings are provided in the UCC are used in this
Agreement, including its preamble and recitals, with such meanings.

 

1.4          Interest
Rate; LIBOR Notification. The interest rate on Eurodollar Loans is determined by reference to the LIBO Rate, which is derived
from the London interbank offered rate. The London interbank offered rate is intended to represent the rate at which contributing
banks may obtain short-term borrowings from each other in the London interbank market. In July 2017, the U.K. Financial Conduct
Authority announced that, after the end of 2021, it would no longer persuade or compel contributing banks to make rate submissions
to the ICE Benchmark Administration (together with any successor to the ICE Benchmark Administrator, the “IBA”)
for purposes of the IBA setting the London interbank offered rate. As a result, it is possible that commencing in 2022, the London
interbank offered rate may no longer be available or may no longer be deemed an appropriate reference rate upon which to determine
the interest rate on Eurodollar Loans. In light of this eventuality, public and private sector industry initiatives are currently
underway to identify new or alternative reference rates to be used in place of the London interbank offered rate. Upon the occurrence
of a Benchmark Transition Event, a Term SOFR Transition Event or an Early Opt-in Election, Section 2.16(b) and (c) provide
the mechanism for determining an alternative rate of interest. The Administrative Agent will promptly notify the Borrower, pursuant
to Section 2.16(e), of any change to the reference rate upon which the interest rate on Eurodollar Loans is based. However,
the Administrative Agent does not warrant or accept any responsibility for, and shall not have any liability with respect to,
the administration, submission or any other matter related to the London interbank offered rate or other rates in the definition
of “LIBO Rate” or with respect to any alternative or successor rate thereto, or replacement rate thereof (including
(i) any such alternative, successor or replacement rate implemented pursuant to Section 2.16(b) or (c), whether
upon the occurrence of a Benchmark Transition Event, a Term SOFR Transition Event or an Early Opt-in Election, and (ii) the
implementation of any Benchmark Replacement Conforming Changes pursuant to Section 2.16(d)), including whether the composition
or characteristics of any such alternative, successor or replacement reference rate will be similar to, or produce the same value
or economic equivalence of, the LIBO Rate or have the same volume or liquidity as did the London interbank offered rate prior
to its discontinuance or unavailability.

 

1.5          Letter
of Credit Amounts(a)  . Unless otherwise specified herein,
the amount of a Letter of Credit at any time shall be deemed to be the amount of such Letter of Credit available to be drawn at
such time; provided that with respect to any Letter of Credit that, by its terms provides for one or more automatic increases
in the available amount thereof, the amount of such Letter of Credit shall be deemed to be the maximum amount of such Letter of
Credit after giving effect to all such increases, whether or not such maximum amount is available to be drawn at such time.

 

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

 

    64

     

    

 

1.7          Limited
Condition Transactions. Notwithstanding anything in this Agreement or any Loan Document to the contrary when (i) calculating
any applicable ratio or financial test or basket or exception in connection with the incurrence of Indebtedness (other than the
borrowing of Revolving Loans or the issuance of Letters of Credit), the creation of Liens, the making of any Disposition, the
making of an Investment, the making of a Restricted Payment, the designation of a Subsidiary as restricted or unrestricted or
the repayment of Indebtedness (each, a “Specified Transaction”), (ii) determining the accuracy of any
representation or warranty or (iii) determining whether any Default or Event of Default has occurred, is continuing or would
result from any action, in each case of clauses (i) through (iii) for the purpose of determining whether a Specified
Transaction is permitted hereunder in connection with a Limited Condition Transaction, the date of determination of such ratio
or financial test or basket or exception, the accuracy of such representation or warranty (but taking into account any earlier
date specified therein) or whether any Default or Event of Default has occurred, is continuing or would result therefrom shall,
at the option of the Borrower (the Borrower’s election to exercise such option in connection with any Limited Condition
Acquisition, an “LCT Election”), be deemed to be the date the definitive agreements for such Limited Condition
Transaction are entered into (the “LCT Test Date”). If on a Pro Forma Basis after giving effect to such Limited
Condition Transaction and the other transactions to be entered into in connection therewith (including any incurrence of Indebtedness,
Liens, Restricted Payments or other transactions and the use of proceeds thereof) such ratios, financial tests, baskets, exceptions,
representations and warranties and absence of defaults are calculated as if such Limited Condition Transaction or other transactions
had occurred at the beginning of the most recent Reference Period ending prior to the LCT Test Date for which financial statements
are available, the Borrower could have taken such action on the relevant LCT Test Date in compliance with the applicable ratios
or other provisions, such provisions shall be deemed to have been complied with. For the avoidance of doubt, (i) if any of
such ratios, financial tests, baskets, exceptions, representations and warranties or absence of defaults are exceeded or breached
as a result of fluctuations in such ratio or financial test (including due to fluctuations in Consolidated EBITDA), a change in
facts or circumstances or other provisions at or prior to the consummation of the relevant Limited Condition Transaction, such
ratios, financial tests, baskets, exceptions, representations and warranties and absence of defaults will not be deemed to have
been exceeded, breached, or otherwise failed as a result of such fluctuations or changed circumstances solely for purposes of
determining whether the Limited Condition Transaction and any related transactions is permitted hereunder and (ii) such ratios,
financial tests, baskets, exceptions and compliance with such conditions shall not be tested at the time of consummation of such
Limited Condition Transaction or related Specified Transactions. If the Company has made an LCT Election for any Limited Condition
Transaction, then in connection with any subsequent calculation of any ratio or financial test or basket or exception with respect
to any subsequent acquisition or Investment that the Borrower or a Restricted Subsidiary is contractually committed to consummate
on or following the relevant LCT Test Date and prior to the earlier of the date on which such Limited Condition Transaction is
consummated or the date that the definitive agreement for such Limited Condition Transaction is terminated or expires without
consummation of such Limited Condition Transaction, any such ratio or financial test or basket or exception shall be calculated
on a Pro Forma Basis both (i) assuming such Limited Condition Transaction and other transactions in connection therewith
(including any incurrence of Indebtedness, Liens, Restricted Payments or other transactions and the use of proceeds thereof) have
been consummated and (ii) assuming such Limited Condition Transaction and other transactions in connection therewith (including
any incurrence of Indebtedness, Liens, Restricted Payments or other transactions and the use of proceeds thereof) have not been
consummated.

 

    65

     

    

 

1.8           Calculations.
Notwithstanding anything in this Agreement or any Loan Document to the contrary (i) the Borrower may rely on more than one
basket or exception hereunder (including both ratio-based and non-ratio based baskets and exceptions, and including partial reliance
on different baskets that, collectively, permit the entire proposed transaction) at the time of any proposed transaction, and
the Borrower may, in its sole discretion, at any later time divide, classify or reclassify such transaction (or any portion thereof)
in any manner that complies with the available baskets and exceptions hereunder at such later time (provided that with
respect to reclassification of Indebtedness and Liens, any such reclassification shall be subject to the parameters of Sections
7.2 and 7.3, as applicable), (ii) unless the Borrower elects otherwise, if the Borrower or its Restricted Subsidiaries in
connection with any transaction or series of such related transaction (A) incurs Indebtedness, creates Liens, makes Dispositions,
makes Investments, makes Restricted Payments, designates any Subsidiary as restricted or unrestricted or repays any Indebtedness
or takes any other action under or as permitted by a ratio-based basket or exception and (B) incurs Indebtedness, creates
Liens, makes Dispositions, makes Investments, makes Restricted Payments, designates any Subsidiary as restricted or unrestricted
or repays any Indebtedness or takes any other action under a non-ratio-based basket or exception (which shall occur within five
Business Days of the events in clause (A) above), then the applicable ratio will be calculated with respect to any such action
under the applicable ratio-based basket or exception without regard to any such action under such non-ratio-based basket or exception
made in connection with such transaction or series of related transactions, (iii) if the Borrower or its Restricted Subsidiaries
enters into any revolving, delayed draw or other committed debt facility, the Borrower may elect to determine compliance of such
debt facility (including the incurrence of Indebtedness and Liens from time to time in connection therewith) with this Agreement
and each other Loan Document on the date commitments with respect thereto are first received, assuming the full amount of such
facility is incurred (and any applicable Liens are granted) on such date, in lieu of determining such compliance on any subsequent
date (including any date on which Indebtedness is incurred pursuant to such facility); provided that if such election is
made with respect to any delayed draw facility or other committed debt facility (other than a revolving facility), then in connection
with any subsequent calculation of any ratio or financial test or basket or exception with respect to any subsequent incurrence
of Indebtedness (including the incurrence of Liens in connection therewith) or Liens, such calculation shall be made assuming
the full amount of such delayed draw facility or committed debt facility, as applicable, has been incurred (and any applicable
Liens granted) on such date of incurrence for so long as any commitments remain outstanding thereunder, and (iv) if the Borrower
or any Restricted Subsidiary incurs Indebtedness under a ratio-based basket or exception, such ratio-based basket or exception
(together with any other ratio-based basket or exception utilized in connection therewith, including in respect of other Indebtedness,
Liens, Dispositions, Investments, Restricted Payments or Restricted Debt Payments) will be calculated excluding the cash
proceeds of such Indebtedness for netting purposes (i.e., such cash proceeds shall not reduce the Borrower’s Consolidated
Leverage Ratio, Consolidated Secured Leverage Ratio or Consolidated Senior Secured Leverage Ratio pursuant to clause (a)(ii) of
the definition of such terms), provided that the actual application of such proceeds may reduce Indebtedness for purposes of determining
compliance with any applicable ratio. For example, if the Borrower incurs Indebtedness under the Base Incremental Amount on the
same date that it incurs Indebtedness under the Maximum Incremental Amount, then the Consolidated Leverage Ratio, the Consolidated
Secured Leverage Ratio and the Consolidated Senior Secured Leverage Ratio and any other applicable ratio will be calculated with
respect to such incurrence under the Maximum Incremental Amount without regard to any incurrence of Indebtedness under the Base
Incremental Amount. Unless the Borrower elects otherwise, Indebtedness incurred under Section 7.2(b) (other than
Indebtedness outstanding on the Closing Date immediately after giving effect to the Transactions) and Section 7.2(t) shall
be deemed incurred first under the Maximum Incremental Amount to the extent permitted (and calculated prior to giving effect to
any substantially simultaneous incurrence of any Indebtedness based on a basket or exception that is not based on a financial
ratio, including the Base Incremental Amount and the Voluntary Prepayment Amount), with any balance incurred under the Base Incremental
Amount or the Voluntary Prepayment Amount. For purposes of determining compliance with Section 7.2(b) and Section 7.2(t),
in the event that any Indebtedness (or any portion thereof) meets the criteria of Base Incremental Amount, Maximum Incremental
Amount or Voluntary Prepayment Amount, the Borrower may, in its sole discretion, at the time of incurrence, divide, classify or
reclassify, or at any later time divide, classify or reclassify, such Indebtedness (or any portion thereof) in any manner that
complies with Section 7.2(b) or Section 7.2(t), as applicable, on the date of such classification or any such reclassification,
as applicable.

 

    66

     

    

 

1.9         Discontinued
Operations. Notwithstanding anything to the contrary in this Agreement or any classification under GAAP of any Person, business,
assets or operations in respect of which a definitive agreement for the disposition thereof has been entered into as discontinued
operations, no pro forma effect shall be given to any discontinued operations (and the Consolidated EBITDA attributable to any
such Person, business, assets or operations shall not be excluded for any purposes hereunder) until such disposition shall have
been consummated.

 

1.10        Bridge
Loans and Escrow Indebtedness. For purposes of determining the maturity date of any Indebtedness, (a) customary bridge
loans that are subject to customary conditions (including no payment or bankruptcy event of default) that would either automatically
be extended as, converted into or required to be exchanged for permanent refinancing shall be deemed to have the maturity date
as so extended, converted or exchanged and (b) Indebtedness the proceeds of which are deposited into escrow pursuant to customary
escrow arrangements pending consummation of a specified acquisition or Investment shall be deemed to have the maturity date of
such Indebtedness upon consummation of the specified acquisition or Investment and release of such proceeds from escrow.

 

SECTION 2.  AMOUNT
AND TERMS OF COMMITMENTS

 

2.1         Commitments.
(a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans (“Revolving
Loans”) to the Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount at
any one time outstanding which would not result in either (i) the Revolving Loans of such Lender when added to the sum of
(x) such Lender’s Revolving Percentage of the L/C Obligations then outstanding, (y) [reserved] and (z) such
Lender’s Protective Advance Exposure then outstanding, exceeding the amount of such Lender’s Commitment or (ii) the
Total Revolving Extensions of Credit exceeding the Line Cap, subject to the authority of the Administrative Agent, in its sole
discretion, to make Protective Advances pursuant to the terms of Section 2.3. During the Revolving Commitment Period the
Borrower may use the Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance
with the terms and conditions hereof. The Revolving Loans may from time to time be Eurodollar Loans or ABR Loans, as determined
by the Borrower and notified to the Administrative Agent in accordance with Sections 2.2 and 2.12.

 

    67

     

    

 

(b) The Borrower
hereby unconditionally promises to pay to the Administrative Agent for the account of and ratable benefit of each Lender the aggregate
outstanding principal amount of the Loans on the Revolving Termination Date.

 

2.2          Procedure
for Revolving Loan Borrowing. The Borrower may borrow under the Commitments during the Revolving Commitment Period on any
Business Day, provided that the Borrower shall give the Administrative Agent a Borrowing Request substantially in the form of
Exhibit A attached hereto (which notice must be received by the Administrative Agent prior to (a) 12:00 Noon, New York
City time three Business Days prior to the requested Borrowing Date, in the case of Eurodollar Loans; provided, that such
notice may be received by the Administrative Agent prior to 12:00 Noon, New York City time one Business Day prior to the Closing
Date for a Eurodollar Borrowing to be made on the Closing Date, or (b) 10:00 a.m., New York City time, the date of the requested
Borrowing Date, in the case of ABR Loans) (provided that any such notice of a borrowing of Revolving Loans that are ABR Loans
to finance payments required by Section 3.5 must be given not later than 10:00 A.M., New York City time, on the date of the
proposed borrowing), specifying (i) the amount and Type of Revolving Loans to be borrowed, (ii) the requested Borrowing
Date and (iii) in the case of Eurodollar Loans, the respective amounts of each such Type of Loan and the respective lengths
of the initial Interest Period therefor. Each borrowing under the Commitments shall be in an amount equal to (x) in the case
of ABR Loans, $1,000,000 or a whole multiple of $500,000 in excess thereof (or, if Availability at the time is less than $1,000,000,
such lesser amount) and (y) in the case of Eurodollar Loans, $3,000,000 or a whole multiple of $1,000,000 in excess thereof
(or, if Availability at the time is less than $3,000,000, such lesser amount). Upon receipt of any such notice from the Borrower,
the Administrative Agent shall promptly notify each Revolving Lender thereof. Each Revolving Lender shall make the amount of its
pro rata share of each borrowing available to the Administrative Agent for the account of the Borrower at the Funding Office prior
to (i) 10:30 a.m., New York City time, for borrowings made on the Closing Date and (ii) 12:00 a.m., New York City time,
for Borrowing Dates occurring after the Closing Date, on the Borrowing Date requested by the Borrower in funds immediately available
to the Administrative Agent. Such borrowing will then be made available to the Borrower by the Administrative Agent crediting
the account of the Borrower on the books of such office with the aggregate of the amounts made available to the Administrative
Agent by the Revolving Lenders and in like funds as received by the Administrative Agent.

 

2.3          Protective
Advances. (a)  Subject to the limitations set forth below, the Administrative Agent is authorized by the Borrower
and the Lenders, from time to time in the Administrative Agent’s Permitted Discretion (but shall have absolutely no obligation
to), following notice to the Borrower, to make Loans to the Borrower, on behalf of all Lenders, which the Administrative Agent,
in its Permitted Discretion, deems necessary or desirable (i) to preserve or protect the Collateral, or any portion thereof,
(ii) to enhance the likelihood of, or maximize the amount of, repayment of the Loans and other Obligations, or (iii) to
pay any other amount chargeable to or required to be paid by the Borrower pursuant to the terms of this Agreement, including payments
of reimbursable expenses (including costs, fees, and expenses as described in Section 10.5) and other sums payable under
the Loan Documents (any of such Loans are herein referred to as “Protective Advances”); provided that,
as of the date of the making of any Protective Advance, the aggregate amount of outstanding Protective Advances shall not exceed
10% of the Commitments outstanding as of such date; provided further that the Total Revolving Extensions of Credit outstanding
at any time shall not exceed the Total Commitments. Protective Advances may be made even if the conditions precedent set forth
in Section 5.2 have not been satisfied. The Protective Advances shall be secured by the Liens in favor of the Administrative
Agent in and to the Collateral and shall constitute Obligations hereunder. All Protective Advances shall be ABR Loans. The Administrative
Agent’s authorization to make Protective Advances may be revoked at any time by the Required Lenders. Any such revocation
must be in writing and shall become effective prospectively upon the Administrative Agent’s receipt thereof. If at any time
(a) the amount equal to (i) the Line Cap minus (ii) the Total Revolving Extensions of Credit then outstanding
(calculated, with respect to any Defaulting Lender, as if such Defaulting Lender had funded its Revolving Percentage of all outstanding
Revolving Loans) exceeds the amount of any Protective Advance and (b) the conditions precedent set forth in Section 5.2
have been satisfied, the Administrative Agent may request the Revolving Lenders to make a Revolving Loan to repay a Protective
Advance. At any other time the Administrative Agent may require the Lenders to fund their risk participations as set forth in
Section 2.3(b).

 

    68

     

    

 

(b)         Upon
the making of a Protective Advance by the Administrative Agent (whether before or after the occurrence of a Default), each Lender
shall be deemed, without further action by any party hereto, to have unconditionally and irrevocably purchased from the Administrative
Agent, without recourse or warranty, an undivided interest and participation in such Protective Advance in proportion to its Revolving
Percentage. From and after the date, if any, on which any Lender is required to fund its participation in any Protective Advance
purchased hereunder, the Administrative Agent shall promptly distribute to such Lender such Lender’s Revolving Percentage
of all payments of principal and interest and all proceeds of Collateral received by the Administrative Agent in respect of such
Protective Advance (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such
Lender’s participating interest was outstanding and funded and, in the case of principal and interest payments, to reflect
such Lender’s pro rata portion of such payment if such payment is not sufficient to pay the principal of and interest on
all Protective Advances then due).

 

2.4          [Reserved].

 

2.5          [Reserved].

 

2.6          [Reserved].

 

2.7          [Reserved].

 

2.8          Fees, etc.      (a)  The Borrower agrees to pay to the Administrative Agent for the account of each Revolving Lender a commitment
fee for the period from and including the Closing Date to the last day of the Revolving Commitment Period, computed at the Commitment
Fee Rate on the average daily amount of the Available Commitment of such Lender during the period for which payment is made, payable
quarterly in arrears on each Fee Payment Date, commencing on the first such date to occur after the Closing Date.

 

    69

     

    

 

(b)          The
Borrower agrees to pay to the Administrative Agent the fees in the amounts and on the dates as set forth in any fee agreements
with the Administrative Agent and to perform any other obligations contained therein.

 

2.9          Termination
or Reduction of Commitments. The Borrower shall have the right, upon not less than three Business Days’ revocable notice
to the Administrative Agent (which may be conditioned as stated in such notice by the Borrower), to terminate the Commitments
or, from time to time, to reduce the amount of the Commitments; provided that no such termination or reduction of Commitments
shall be permitted if, after giving effect thereto and to any prepayments of the Revolving Loans made on the effective date thereof,
the Total Revolving Extensions of Credit would exceed the Line Cap. Any such reduction shall be in an amount equal to $5,000,000,
or a whole multiple thereof, and shall reduce permanently the Commitments then in effect.

 

2.10      Optional
Prepayments. The Borrower may at any time and from time to time prepay the Loans, in whole or in part, without premium or
penalty, upon revocable notice (which may be conditioned as stated in such notice by the Borrower) delivered to the Administrative
Agent no later than 12:00 Noon, New York City time, three Business Days prior thereto, in the case of Eurodollar Loans, and no
later than 12:00 Noon, New York City time, one Business Day prior thereto, in the case of ABR Loans, which notice shall specify
the date and amount of prepayment and whether the prepayment is of Eurodollar Loans or ABR Loans; provided, that if a Eurodollar
Loan is prepaid on any day other than the last day of the Interest Period applicable thereto, the Borrower shall also pay any
amounts owing pursuant to Section 2.20. Upon receipt of any such notice the Administrative Agent shall promptly notify each
relevant Lender thereof. If any such notice is given, the amount specified in such notice shall be due and payable on the date
specified therein, together with (except in the case of Revolving Loans that are ABR Loans) accrued interest to such date on the
amount prepaid. Partial prepayments of Revolving Loans shall be in an aggregate principal amount of $1,000,000 or a whole multiple
of $100,000 in excess thereof. The application of any prepayment pursuant to this Section 2.10 shall be made first,
to ABR Loans and second, to Eurodollar Loans.

 

2.11        Mandatory
Prepayment of Loans. (a)  In the event and on such occasion that (i) the Total Revolving Extensions of Credit
exceed the Total Commitments or (ii) the Total Revolving Extensions of Credit (excluding for such purposes Protective Advances)
exceed the Borrowing Base, the Borrower shall promptly (and in any event within two Business Days) prepay (or in the case of L/C
Exposure, cash collateralize to 103% of the aggregate undrawn face amount thereof) the Revolving Loans, L/C Exposure and/or (in
the case of clause (i) above) the Protective Advances in an aggregate amount equal to such excess (it being understood that
the Borrower shall prepay Revolving Loans and/or Protective Advances prior to cash collateralization of L/C Exposure).

 

(b)          [Reserved].

 

    70

     

    

 

(c)          The
application of any prepayment pursuant to this Section 2.11 shall be applied first, to Protective Advances, second,
to Revolving Loans and third to cash collateralize L/C Obligations and, with respect to Protective Advances and Revolving
Loans, first to ABR Loans and second to Eurodollar Loans.

 

(d)          On
each Business Day during any Full Cash Dominion Period, the Administrative Agent shall apply, subject to Section 2.17(b) of
this Agreement and Section 8.1(b) of the Guarantee and Collateral Agreement, all funds credited to any applicable Collection
Account as of 10:00 A.M., New York City time, on such Business Day (whether or not immediately available) and first to
prepay any Protective Advances that may be outstanding, second to prepay other Revolving Loans (without a corresponding
reduction in Commitments).

 

2.12        Conversion
and Continuation Options. (a)  The Borrower may elect from time to time to convert Eurodollar Loans to ABR Loans
by giving the Administrative Agent prior irrevocable notice of such election substantially in the form of Exhibit B attached
hereto (an “Interest Election Request”) no later than 12:00 Noon, New York City time, on the Business Day preceding
the proposed conversion date, provided that any such conversion of Eurodollar Loans may only be made on the last day of
an Interest Period with respect thereto. The Borrower may elect from time to time to convert ABR Loans to Eurodollar Loans by
giving the Administrative Agent prior irrevocable notice of such election no later than 12:00 Noon, New York City time, on the
third Business Day preceding the proposed conversion date (which Interest Election Request shall specify the length of the initial
Interest Period therefor), provided that no ABR Loan may be converted into a Eurodollar Loan when (i) any Event of
Default has occurred and is continuing and the Administrative Agent or the Required Lenders have determined in its or their sole
discretion not to permit such conversion or (ii) if a Specified Event of Default is in existence. Upon receipt of any such
Interest Election Request the Administrative Agent shall promptly notify each relevant Lender thereof.

 

(b)          Any
Eurodollar Loan may be continued as such upon the expiration of the then current Interest Period with respect thereto by the Borrower
giving irrevocable notice by submitting an Interest Election Request to the Administrative Agent, in accordance with the applicable
provisions of the term “Interest Period” set forth in Section 1.1, of the length of the next Interest Period
to be applicable to such Loans, provided that no Eurodollar Loan under a particular Facility may be continued as such (i) when
any Event of Default has occurred and is continuing and the Administrative Agent has or the Required Lenders have determined in
its or their sole discretion not to permit such continuations or (ii) if a Specified Event of Default is in existence, and
provided, further, that if the Borrower shall fail to give any required Interest Election Request as described above
in this paragraph or if such continuation is not permitted pursuant to the preceding proviso such Loans shall be automatically
converted to ABR Loans on the last day of such then expiring Interest Period. Upon receipt of any such Interest Election Request
the Administrative Agent shall promptly notify each relevant Lender thereof.

 

2.13        Limitations
on Eurodollar Borrowings. Notwithstanding anything to the contrary in this Agreement, all borrowings, conversions and continuations
of Eurodollar Loans and all selections of Interest Periods shall be in such amounts and be made pursuant to such elections so
that, (a) after giving effect thereto, the aggregate principal amount of the Eurodollar Loans comprising each Eurodollar
Borrowing shall be equal to $3,000,000 or a whole multiple of $1,000,000 in excess thereof and (b) no more than 15 Eurodollar
Borrowings shall be outstanding at any one time.

 

    71

     

    

 

2.14        Interest
Rates and Payment Dates. Subject to Section 2.16, (a) each Eurodollar Loan shall bear interest for each day during
each Interest Period with respect thereto at a rate per annum equal to the Adjusted LIBO Rate determined for such day plus
the Applicable Margin.

 

(b)          Each
ABR Loan shall bear interest at a rate per annum equal to the Alternate Base Rate plus the Applicable Margin.

 

(c)          (i) If
all or a portion of the principal amount of any Loan or Reimbursement Obligation 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 equal to (x) in the
case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section 2.14
plus 2% or (y) in the case of Reimbursement Obligations, the rate applicable to Revolving Loans that are ABR Loans
plus 2%, and (ii) if all or a portion of any interest payable on any Loan or Reimbursement Obligation or any commitment
fee or 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 equal to the rate then applicable to Revolving Loans that are ABR
Loans plus 2%, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until
such amount is paid in full (as well after as before judgment).

 

(d)          Interest
shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of
this Section 2.14 shall be payable from time to time on demand.

 

2.15        Computation
of Interest and Fees. (a)  Interest and fees payable pursuant hereto shall be calculated on the basis of a 360-day year
for the actual days elapsed, except that, with respect to ABR Loans the rate of interest on which is calculated on the basis of
the Prime Rate, the interest thereon shall be calculated on the basis of a 365- (or 366-, as the case may be) day year for the
actual days elapsed (including the first day, but excluding the last day; provided that if a Loan is repaid on the same
day on which it is made, one day’s interest shall be paid on such Loan). The Administrative Agent shall as soon as practicable
notify the Borrower and the relevant Lenders of each determination of an Adjusted LIBO Rate.

 

(b)          Each
determination of an interest rate by the Administrative Agent pursuant to any provision of this Agreement shall be conclusive
and binding on the Borrower and the Lenders in the absence of manifest error. The Administrative Agent shall, at the request of
the Borrower, deliver to the Borrower a statement showing the quotations used by the Administrative Agent in determining any interest
rate pursuant to Section 2.14(a).

 

2.16        Alternate
Rate of Interest. (a)  Subject to clauses (b), (c), (d), (e), (f) and (g) of this Section 2.16, if prior
to the commencement of any Interest Period for a Eurodollar Borrowing:

 

    72

     

    

 

(i)        the
Administrative Agent determines (which determination shall be conclusive and binding absent manifest error) that adequate and
reasonable means do not exist for ascertaining the Adjusted LIBO Rate or the LIBO Rate, as applicable (including because the LIBO
Screen Rate is not available or published on a current basis), for a Loan for such Interest Period; provided that no Benchmark
Transition Event shall have occurred at such time, or

 

(ii)         the
Administrative Agent is advised by the Required Lenders that the Adjusted LIBO Rate or the LIBO Rate, as applicable, for a Loan
for such Interest Period will not adequately and fairly reflect the cost to such Lenders (as conclusively certified by such Lenders)
of making or maintaining their Loans (or its Loan) included in such Borrowing for such Interest Period,

 

then the Administrative
Agent shall give notice thereof to the Borrower and the Lenders by telephone, telecopy or electronic mail as promptly as practicable
thereafter and, until the Administrative Agent notifies the Borrower and the Lenders that the circumstances giving rise to such
notice no longer exist (which notification shall be made promptly after the Administrative Agent obtains knowledge of the cessation
of the circumstances referenced in clause (i) above or receives notice from the Required Lenders in respect of the cessation
of circumstances referenced in clause (ii) above), (A) any Interest Election Request that requests the conversion of
any Revolving Borrowing to, or continuation of any Revolving Borrowing as, a Eurodollar Borrowing shall be ineffective and (B) if
any Borrowing Request requests a Eurodollar Borrowing, such Borrowing shall be made as an ABR Borrowing.

 

(b)          Notwithstanding
anything to the contrary herein or in any other Loan Document (and any Swap Agreement shall be deemed not to be a “Loan
Document” for purposes of this Section 2.16), if a Benchmark Transition Event or an Early Opt-in Election, as applicable,
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) or (2) of the definition
of “Benchmark Replacement” for such Benchmark Replacement Date, such Benchmark Replacement will replace such Benchmark
for all purposes hereunder and under any Loan Document in respect of such Benchmark setting and subsequent Benchmark settings
without any amendment to, or further action or consent of any other party to, this Agreement or any other Loan Document and (y) if
a Benchmark Replacement is determined in accordance with clause (3) of the definition of “Benchmark Replacement”
for such Benchmark Replacement Date, such Benchmark Replacement will replace such Benchmark for all purposes hereunder and under
any Loan Document in respect of any Benchmark setting at or after 5:00 p.m. (New York City time) on the fifth 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.

 

(c)          Notwithstanding
anything to the contrary herein or in any other Loan Document and subject to the proviso below in this paragraph, if a Term SOFR
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 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) shall not be effective unless the Administrative Agent has delivered to the Lenders and the Borrower a Term SOFR
Notice.

 

    73

     

    

 

(d)          In
connection with the implementation of a Benchmark Replacement, the Administrative Agent will have the right 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.

 

(e)          The
Administrative Agent will promptly notify the Borrower and the Lenders of (i) any occurrence of a Benchmark Transition Event,
a Term SOFR Transition Event or an Early Opt-in Election, as applicable, and its related Benchmark Replacement Date, (ii) the
implementation of any Benchmark Replacement, (iii) the effectiveness of any Benchmark Replacement Conforming Changes, (iv) the
removal or reinstatement of any tenor of a Benchmark pursuant to clause (f) below and (v) the commencement or conclusion
of any Benchmark Unavailability Period. Any determination, decision or election that may be made by the Administrative Agent or,
if applicable, any Lender (or group of Lenders) pursuant to this Section 2.16, 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 Section 2.16.

 

(f)           Notwithstanding
anything to the contrary herein or in any other Loan Document, at any time (including in connection with the implementation of
a Benchmark Replacement), (i) if the then-current Benchmark is a term rate (including Term SOFR or LIBO Rate) and either
(A) any tenor for such Benchmark is not displayed on a screen or other information service that publishes such rate from
time to time as selected by the Administrative Agent in its reasonable discretion or (B) the regulatory supervisor for the
administrator of such Benchmark has provided a public statement or publication of information announcing that any tenor for such
Benchmark is or will be no longer representative, then the Administrative Agent may modify the definition of “Interest Period”
for any Benchmark settings at or after such time to remove such unavailable or non-representative tenor and (ii) if a tenor
that was removed pursuant to clause (i) above either (A) is subsequently displayed on a screen or information service
for a Benchmark (including a Benchmark Replacement) or (B) is not, or is no longer, subject to an announcement that it is
or will no longer be representative for a Benchmark (including a Benchmark Replacement), then the Administrative Agent may modify
the definition of “Interest Period” for all Benchmark settings at or after such time to reinstate such previously
removed tenor.

 

(g)          Upon
the Borrower’s receipt of notice of the commencement of a Benchmark Unavailability Period, the Borrower may revoke any request
for a Eurodollar Revolving Borrowing of, conversion to or continuation of Eurodollar Loans to be made, converted or continued
during any Benchmark Unavailability Period and, failing that, the Borrower will be deemed to have converted any such request into
a request for a Revolving Borrowing of or conversion to ABR Loans. 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 ABR based upon the then-current Benchmark or
such tenor for such Benchmark, as applicable, will not be used in any determination of ABR.

 

    74

     

    

 

2.17        Pro
Rata Treatment and Payments. (a)  Each borrowing by the Borrower from the Revolving Lenders hereunder, each payment
by the Borrower on account of any commitment fee and any reduction of the Commitments of the Lenders shall be made pro rata according
to the Revolving Percentages of the Lenders, in each case unless otherwise provided in this Agreement.

 

(b)          Any
proceeds of Collateral of any Loan Party received by the Administrative Agent (i) after an Event of Default has occurred
and is continuing and the Required Lenders so direct or (ii) at any other time, not constituting (A) a specific payment
of principal, interest, fees or other sum payable under the Loan Documents (which shall be applied as specified by the Borrower),
(B) a mandatory prepayment (which shall be applied in accordance with Section 2.11(c)) or (C) amounts to be applied
from the Collection Account (which shall be applied in accordance with Section 2.11(d)), shall be applied, subject to the
Intercreditor Agreement, ratably first, to pay any fees, indemnities, or expense reimbursements then owing to the Administrative
Agent and any Issuing Lender from, or guaranteed by, such Loan Party under the Loan Documents (other than in connection with Banking
Services Obligations or Swap Obligations), second, to pay any fees or expense reimbursements then owing to the Lenders
from, or guaranteed by, such Loan Party under the Loan Documents (other than in connection with Banking Services or Swap Obligations),
third, to pay interest due in respect of the Protective Advances owing by or guaranteed by such Loan Party, fourth,
to pay the principal of the Protective Advances owing by or guaranteed by such Loan Party, fifth, to pay interest then
due and payable on the Loans (other than the Protective Advances) and unreimbursed L/C Disbursements, in each case owing or guaranteed
by such Loan Party, ratably, sixth, to prepay principal on the Loans (other than the Protective Advances) and unreimbursed
L/C Disbursements owing or guaranteed by such Loan Party and to the payment of any amounts owing with respect to Reported Banking
Services Obligations and Reported Secured Swap Obligations owing or guaranteed by such Loan Party, ratably, seventh, to
pay an amount to the Administrative Agent equal to 103% of the aggregate undrawn face amount of all outstanding Letters of Credit
issued on behalf of, or guaranteed by, such Loan Party, to be held as cash collateral for such Obligations, eighth, to
the payment of any amounts owing with respect to Banking Services Obligations (other than Reported Banking Services Obligations)
and Secured Swap Obligations (other than Reported Secured Swap Obligations) owing or guaranteed by such Loan Party, ratably, ninth,
to the payment of any other Obligations owing to the Administrative Agent or any Lender by, or guaranteed by, such Loan Party,
ratably, and tenth, any balance remaining after the Obligations shall have been paid in full and no Letters of Credit shall
be outstanding (other than Letters of Credit which have been cash collateralized in accordance with the foregoing) shall be paid
over to the applicable Loan Party at its account designated for such purpose by written notice by such Loan Party to the Administrative
Agent or to whomsoever else may be lawfully entitled to receive the same. The application of any payment pursuant to this Section 2.17(b) shall
be made first, to ABR Loans and second, to Eurodollar Loans. Each of the Administrative Agent and the Lenders shall
have the continuing and exclusive right to apply and reverse and reapply any and all such proceeds and payments to any portion
of the Obligations to maximize realization of the Collateral (it being understood that, notwithstanding the foregoing, in no event
shall payments be made pursuant to levels “eighth” or “ninth” above prior to the payment
in full of all obligations described in levels “first” through “seventh” above). Notwithstanding
the foregoing, no amount received from any Loan Party shall be applied to any Excluded Swap Obligation of such Loan Party.

 

    75

     

    

 

(c)            Each
payment (including each prepayment) by the Borrower on account of principal of and interest on the Revolving Loans shall be made
pro rata according to the respective outstanding principal amounts of the Revolving Loans then held by the Revolving Lenders, unless
otherwise provided by this Agreement.

 

(d)           All
payments (including prepayments) to be made by the Borrower hereunder, whether on account of principal, interest, fees or otherwise,
shall be made without setoff or counterclaim and shall be made 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, at the Funding Office, in Dollars and in immediately available funds.
The Administrative Agent shall distribute such payments to each relevant Lender promptly upon receipt in like funds as received,
net of any amounts owing by such Lender pursuant to Section 9.7. If any payment hereunder (other than payments on the Eurodollar
Loans) becomes due and payable on a day other than a Business Day, such payment shall be extended to the next succeeding Business
Day. If any payment on a Eurodollar Loan becomes due and payable on a day other than a Business Day, the maturity thereof shall
be extended to the next succeeding Business Day 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. In the case of any extension
of any payment of principal pursuant to the preceding two sentences, interest thereon shall be payable at the then applicable
rate during such extension. During any Full Cash Dominion Period, solely for purposes of determining the amount of Loans available
for borrowing purposes, checks (in addition to immediately available funds applied pursuant to Section 2.11(d)) from collections
of items of payment and proceeds of any Collateral shall be applied in whole or in part against the applicable Obligations as
of 10:00 A.M., New York City time, on the Business Day of receipt, subject to actual collection.

 

(e)            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 Borrower 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 the greater of (i) the NYFRB Rate and (ii) a rate determined by the Administrative
Agent in accordance with banking industry rules on interbank compensation, 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 paragraph 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 Business Days after such Borrowing
Date, the Administrative Agent shall also be entitled to recover such amount with interest thereon at the rate per annum applicable
to Revolving Loans that are ABR Loans, on demand, from the Borrower.

 

    76 

     

    

 

(f)            Unless
the Administrative Agent shall have been notified in writing by the Borrower prior to the date of any payment due to be made by
the Borrower pursuant to the terms hereof or any other Loan Document (including any date that is fixed for prepayment by notice
from the Borrower to the Administrative Agent pursuant to Section 2.11(d)) that the Borrower will not make such payment to
the Administrative Agent, the Administrative Agent may assume that the Borrower is making such payment, and the Administrative
Agent may, but shall not be required to, in reliance upon such assumption, make available to the Lenders their respective pro
rata shares of a corresponding amount. If such payment is not made to the Administrative Agent by the Borrower within three
Business Days after such due date, the Administrative Agent shall be entitled to recover, on demand, from each Lender to which
any amount which was made available pursuant to the preceding sentence, such amount with interest thereon at the rate per annum
equal to the daily average NYFRB Rate. Nothing herein shall be deemed to limit the rights of the Administrative Agent or any Lender
against the Borrower.

 

(g)            If
any Lender shall fail to make any payment required to be made by it pursuant to Section 2.17(e), 2.17(f), 2.19(e), 3.4(a) or
9.7, then the Administrative Agent may, in its discretion and notwithstanding any contrary provision hereof, (i) apply any
amounts thereafter received by the Administrative Agent for the account of such Lender for the benefit of the Administrative Agent
or the Issuing Lender to satisfy such Lender’s obligations to it under such Sections until all such unsatisfied obligations
are fully paid, and/or (ii) hold any such amounts in a segregated account as cash collateral for, and application to, any
future funding obligations of such Lender under any such Section, in the case of each of clauses (i) and (ii) above,
in any order as determined by the Administrative Agent in its discretion.

 

2.18            Requirements
of Law. (a)  If the adoption of or any change in any Requirement of Law or in the interpretation, administration,
implementation or application thereof or compliance by any Lender or other Credit Party 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 or occurring subsequent
to the Closing Date:

 

(i)            shall
subject any Credit Party to any Taxes (other than (A) Indemnified Taxes, (B) Taxes described in clauses (b) through
(d) of the definition of Excluded Taxes and (C) Connection Income Taxes) on its loans, loan principal, letters of credit,
commitments, or other obligations, or its deposits, reserves, other liabilities or capital attributable thereto;

 

(ii)       shall
impose, modify or hold applicable any reserve, special deposit, compulsory loan, insurance charge or similar requirement against
assets held by, deposits or other liabilities in or for the account of, advances, loans or other extensions of credit (or participations
therein) by, or any other acquisition of funds by, any office of such Lender that is not otherwise included in the determination
of the Adjusted LIBO Rate; or

 

(iii)           shall
impose on such Lender any other condition (other than Taxes);

 

    77 

     

    

 

and the result
of any of the foregoing is to increase the cost to such Lender or such other Credit Party, by an amount that such Lender or other
Credit Party deems to be material, of making, converting into, continuing or maintaining Loans or issuing or participating in Letters
of Credit, or to reduce any amount receivable hereunder in respect thereof, then, in any such case, the Borrower shall promptly
pay such Lender or such other Credit Party, upon its demand, any additional amounts necessary to compensate such Lender or such
other Credit Party for such increased cost or reduced amount receivable. If any Lender or such other Credit Party becomes entitled
to claim any additional amounts pursuant to this paragraph, it shall promptly notify the Borrower (with a copy to the Administrative
Agent) of the event by reason of which it has become so entitled.

 

(b)            If
any Lender shall have determined that the adoption of or any change in any Requirement of Law regarding capital or liquidity requirements
or in the interpretation, administration, implementation or application thereof or compliance by such Lender or any corporation
controlling such Lender with any request or directive regarding capital or liquidity requirements (whether or not having the force
of law) from any Governmental Authority made subsequent to the Closing Date shall have the effect of reducing the rate of return
on such Lender’s or such corporation’s capital as a consequence of its obligations hereunder or under or in respect
of any Letter of Credit to a level below that which such Lender or such corporation could have achieved but for such adoption,
change or compliance (taking into consideration such Lender’s or such corporation’s policies with respect to capital
adequacy or liquidity) by an amount deemed by such Lender to be material, then from time to time, after submission by such Lender
to the Borrower (with a copy to the Administrative Agent) of a written request therefor, the Borrower shall pay to such Lender
such additional amount or amounts as will compensate such Lender or such corporation for such reduction.

 

(c)            Notwithstanding
anything herein to the contrary, (i) all requests, rules, guidelines, requirements and directives promulgated by the Bank
for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or by United
States or foreign regulatory authorities, in each case pursuant to Basel III, and (ii) the Dodd-Frank Wall Street Reform and
Consumer Protection Act and all requests, rules, guidelines, requirements and directives thereunder or issued in connection therewith
or in implementation thereof, shall in each case be deemed to be a change in law, regardless of the date enacted, adopted, issued
or implemented.

 

(d)            A
certificate as to any additional amounts payable pursuant to this Section 2.18 submitted by any Lender to the Borrower (with
a copy to the Administrative Agent) shall be conclusive in the absence of manifest error. Notwithstanding anything to the contrary
in this Section 2.18, the Borrower shall not be required to compensate a Lender pursuant to this Section 2.18 for any
amounts incurred more than six months prior to the date that such Lender notifies the Borrower of such Lender’s intention
to claim compensation therefor; provided that, if the circumstances giving rise to such claim have a retroactive effect,
then such six-month period shall be extended to include the period of such retroactive effect. The obligations of the Borrower
pursuant to this Section 2.18 shall survive the termination of this Agreement and the payment of the Loans and all other amounts
payable hereunder.

 

(e)         Notwithstanding
any other provision of this Section 2.18 to the contrary, no Lender shall be entitled to receive any compensation pursuant
to this Section 2.18 unless it shall be the general policy or practice of such Lender to seek compensation from other similarly
situated borrowers in the syndicated loan market in the United States with respect to its similarly affected loans under agreements
with such borrowers having provisions similar to this Section 2.18.

 

    78 

     

    

 

2.19            Taxes.
(a)  Any and all payments by or on account of any obligation of any Loan Party under any Loan Document shall be made without
deduction or withholding for any Taxes, except as required by applicable law. If any applicable law (as determined in the good
faith discretion of an applicable withholding agent) requires the deduction or withholding of any Tax from any such payment by
a withholding agent, then the applicable withholding agent shall be entitled to make such deduction or withholding and shall timely
pay the full amount deducted or withheld to the relevant Governmental Authority in accordance with applicable law and, if such
Tax is an Indemnified Tax, then the sum payable by the applicable Loan Party shall be increased as necessary so that, after such
deduction or withholding has been made (including such deductions and withholdings applicable to additional sums payable under
this Section 2.19), the amounts received with respect to this agreement equal the sum which would have been received had no
such deduction or withholding been made.

 

(b)            The
Loan Parties 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, Other Taxes.

 

(c)            As
soon as practicable after any payment of Taxes by any Loan Party to a Governmental Authority pursuant to this Section 2.19,
such Loan Party shall deliver to the Administrative Agent the original or a certified copy of a receipt issued by such Governmental
Authority evidencing such payment, a copy of the return reporting such payment or other evidence of such payment reasonably satisfactory
to the Administrative Agent.

 

(d)            The
Loan Parties shall jointly and severally indemnify each Credit Party, within 10 days after demand therefor, for the full amount
of any Indemnified Taxes (including Indemnified Taxes imposed or asserted on or attributable to amounts payable under this Section 2.19)
payable or paid by such Credit Party or required to be withheld or deducted from a payment to such Credit Party and any reasonable
expenses arising therefrom or with respect thereto, whether or not such Indemnified Taxes were correctly or legally imposed or
asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered to the Borrower
by a Lender (with a copy to the Administrative Agent), or by the Administrative Agent on its own behalf or on behalf of a Lender,
shall be conclusive absent manifest error.

 

(e)            Each
Lender shall severally indemnify the Administrative Agent, within 10 days after demand therefor, for (i) any Taxes attributable
to such Lender (but only to the extent that any Loan Party has not already indemnified the Administrative Agent for such Indemnified
Taxes and without limiting the obligation of the Loan Parties to do so) and (ii) any Taxes attributable to such Lender’s
failure to comply with the provisions of Section 10.6(c) relating to the maintenance of a Participant Register, in either
case, that are payable or paid by the Administrative Agent in connection with any Loan Document, and any reasonable expenses arising
therefrom or with respect thereto, whether or not such Taxes were correctly or legally imposed or asserted by the relevant Governmental
Authority. A certificate as to the amount of such payment or liability delivered to any Lender by the Administrative Agent shall
be conclusive absent manifest error. Each Lender hereby authorizes the Administrative Agent to setoff and apply any and all amounts
at any time owing to such Lender under any Loan Document or otherwise payable by the Administrative Agent to the Lender from any
other source against any amount due to the Administrative Agent under this paragraph (e).

 

    79 

     

    

 

(f)            (i) Any
Lender that is entitled to an exemption from or reduction of withholding Tax with respect to payments made under any Loan Document
shall deliver to the Borrower and the Administrative Agent, at the time or times reasonably requested by the Borrower or the Administrative
Agent, such properly completed and executed documentation reasonably requested by the Borrower or the Administrative Agent as will
permit such payments to be made without withholding or at a reduced rate of withholding. In addition, any Lender, if reasonably
requested by the Borrower or the Administrative Agent, shall deliver such other documentation prescribed by applicable law or reasonably
requested by the Borrower or the Administrative Agent as will enable the Borrower or the Administrative Agent to determine whether
or not such Lender is subject to backup withholding or information reporting requirements. Notwithstanding anything to the contrary
in the preceding two sentences, the completion, execution and submission of such documentation (other than such documentation set
forth in Section 2.19(f)(ii)(A), (ii)(B) and (ii)(D) below) shall not be required if in the Lender’s reasonable
judgment such completion, execution or submission would subject such Lender to any material unreimbursed cost or expense or would
materially prejudice the legal or commercial position of such Lender.

 

		(ii)	Without limiting the generality
of the foregoing, in the event that the Borrower is a U.S. Person,

 

		(A)	any Lender that is a U.S. Person shall deliver to the Borrower and the Administrative Agent on
or prior to the date on which such Lender becomes a Lender under this Agreement (and from time to time thereafter upon the reasonable
request of the Borrower or the Administrative Agent), executed originals of IRS Form W-9 certifying that such Lender is exempt
from U.S. federal backup withholding tax;

 

		(B)	any Non-U.S. Lender shall, to the extent it is legally entitled to do so, deliver to the Borrower
and the Administrative Agent (in such number of copies as shall be requested by the recipient) on or prior to the date on which
such Non-U.S. Lender becomes a Lender under this Agreement (and from time to time thereafter upon the reasonable request of the
Borrower or the Administrative Agent), whichever of the following is applicable:

 

		(1)	in the case of a Non-U.S. Lender claiming the benefits of an income tax treaty to which the United
States is a party (x) with respect to payments of interest under any Loan Document, executed originals of IRS Form W-8BEN
or IRS Form W-8BEN-E establishing an exemption from, or reduction of, U.S. federal withholding Tax pursuant to the “interest”
article of such tax treaty and (y) with respect to any other applicable payments under any Loan Document, IRS Form W-8BEN
or IRS Form W-8BEN-E establishing an exemption from, or reduction of, U.S. federal withholding Tax pursuant to the “business
profits” or “other income” article of such tax treaty;

 

    80 

     

    

 

		(2)	executed originals of IRS Form  W-8ECI;

 

		(3)	in the case of a Non-U.S. Lender claiming the benefits of the exemption for portfolio interest
under Section 881(c) of the Code, (x) a certificate substantially in the form of Exhibit H-1 to the effect
that such Non-U.S. Lender is not a “bank” within the meaning of Section 881(c)(3)(A) of the Code, a “10
percent shareholder” of the Borrower within the meaning of Section 881(c)(3)(B) of the Code, or a “controlled
foreign corporation” related to the Borrower as described in Section 881(c)(3)(C) of the Code (a “U.S.
Tax Compliance Certificate”) and (y) executed originals of IRS Form W-8BEN or IRS Form W-8BEN-E; or

 

		(4)	to the extent a Non-U.S. Lender is not the beneficial owner, executed originals of IRS Form W-8IMY,
accompanied by IRS Form W-8ECI, IRS Form W-8BEN, IRS Form W-8BEN-E, a U.S. Tax Compliance Certificate
substantially in the form of Exhibit H-2 or Exhibit H-3, IRS Form W-9, and/or other certification documents
from each beneficial owner, as applicable; provided that if the Non-U.S. Lender is a partnership and one or more direct
or indirect partners of such Non-U.S. Lender are claiming the portfolio interest exemption, such Non-U.S. Lender may provide a
U.S. Tax Compliance Certificate substantially in the form of Exhibit H-4 on behalf of each such direct and indirect partner;

 

		(C)	any Non-U.S. Lender shall, to the extent it is legally entitled to do so, deliver to the Borrower
and the Administrative Agent (in such number of copies as shall be requested by the recipient) on or prior to the date on which
such Non-U.S. Lender becomes a Lender under this Agreement (and from time to time thereafter upon the reasonable request of the
Borrower or the Administrative Agent), executed originals of any other form prescribed by applicable law as a basis for claiming
exemption from or a reduction in U.S. federal withholding Tax, duly completed, together with such supplementary documentation as
may be prescribed by applicable law to permit the Borrower or the Administrative Agent to determine the withholding or deduction
required to be made; and

 

    81 

     

    

 

		(D)	if a payment made to a Lender under any Loan Document would be subject to U.S. federal withholding
Tax imposed by FATCA if such Lender were to fail to comply with the applicable reporting requirements of FATCA (including those
contained in Section 1471(b) or 1472(b) of the Code, as applicable), such Lender shall deliver to the Borrower and
the Administrative Agent at the time or times prescribed by law and at such time or times reasonably requested by the Borrower
or the Administrative Agent such documentation prescribed by applicable law (including as prescribed by Section 1471(b)(3)(C)(i) of
the Code) and such additional documentation reasonably requested by the Borrower or the Administrative Agent as may be necessary
for the Borrower and the Administrative Agent to comply with their obligations under FATCA and to determine that such Lender has
complied with such Lender’s obligations under FATCA or to determine the amount, if any, to deduct and withhold from such
payment. Solely for purposes of this clause (D), “FATCA” shall include any amendments made to FATCA after the Closing
Date.

 

Each Lender agrees that
if any form or certification it previously delivered expires or becomes obsolete or inaccurate in any respect, it shall update
such form or certification or promptly notify the Borrower and the Administrative Agent in writing of its legal inability to do
so.

 

(g)            If
any party determines, in its sole discretion exercised in good faith, that it has received a refund of any Taxes as to which it
has been indemnified pursuant to this Section 2.19 (including by the payment of additional amounts pursuant to this Section 2.19),
it shall pay to the indemnifying party an amount equal to such refund (but only to the extent of indemnity payments made under
this Section 2.19 with respect to the Taxes giving rise to such refund), net of all out-of-pocket expenses (including Taxes)
of such indemnified party and without interest (other than any interest paid by the relevant Governmental Authority with respect
to such refund). Such indemnifying party, upon the request of such indemnified party, shall repay to such indemnified party the
amount paid over pursuant to this paragraph (g) (plus any penalties, interest or other charges imposed by the relevant
Governmental Authority) in the event that such indemnified party is required to repay such refund to such Governmental Authority.
Notwithstanding anything to the contrary in this paragraph (g), in no event will the indemnified party be required to pay any amount
to an indemnifying party pursuant to this paragraph (g) the payment of which would place the indemnified party in a less favorable
net after-Tax position than the indemnified party would have been in if the Tax subject to indemnification and giving rise to such
refund had not been deducted, withheld or otherwise imposed and the indemnification payments or additional amounts giving rise
to such refund had never been paid. This Section 2.19 shall not be construed to require any indemnified party to make available
its Tax returns (or any other information relating to its Taxes that it deems confidential) to the indemnifying party or any other
Person.

 

    82 

     

    

 

(h)         Each
party’s obligations under this Section 2.19 shall survive the resignation or replacement of the Administrative Agent
or any assignment of rights by, or the replacement of, a Lender, the termination of the Commitments and the repayment, satisfaction
or discharge of all obligations under the Loan Documents.

 

(i)            For
purposes of this Section 2.19, the term “Lender” includes the Issuing Lender and the term “applicable law”
includes FATCA.

 

2.20            Indemnity.
The Borrower agrees to indemnify each Lender for, and to hold each Lender harmless from, any loss or expense that such Lender sustains
or incurs as a consequence of (a) default by the Borrower in making a borrowing of, conversion into or continuation of Eurodollar
Loans after the Borrower has given a notice requesting the same in accordance with the provisions of this Agreement, (b) default
by the Borrower in making any prepayment of or conversion from Eurodollar Loans after the Borrower has given a notice thereof in
accordance with the provisions of this Agreement or (c) the making of a prepayment of Eurodollar Loans on a day that 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 (i) the amount of interest that would have accrued on the amount so prepaid, or not so borrowed, converted or continued,
for the period from the date of such prepayment or of such failure to borrow, convert or continue to the last day of such 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 Loans provided for herein (excluding, however, the Applicable
Margin included therein, if any) over (ii) the amount of interest (as reasonably determined by such Lender) that 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. A certificate as to any amounts payable pursuant to this Section 2.20 submitted to the Borrower by any
Lender shall be conclusive in the absence of manifest error. This covenant shall survive the termination of this Agreement and
the payment of the Loans and all other amounts payable hereunder for nine months.

 

2.21            Change
of Lending Office. Each Lender agrees that, upon the occurrence of any event giving rise to the operation of Section 2.18
or 2.19(a) with respect to such Lender, it will, if requested by the Borrower, use reasonable efforts (subject to overall
policy considerations of such Lender) to designate another lending office for any Loans affected by such event or to assign and
delegate its rights and obligations hereunder to another of its offices, branches or Affiliates with the object of avoiding the
consequences of such event; provided, that such designation or assignment is made on terms that, in the sole judgment of
such Lender, cause such Lender and its lending offices to suffer no material economic, legal or regulatory disadvantage, and provided,
further, that nothing in this Section 2.21 shall affect or postpone any of the obligations of the Borrower or the rights
of any Lender pursuant to Section 2.18 or 2.19(a).

 

    83 

     

    

 

2.22            Replacement
of Lenders. The Borrower shall be permitted to replace any Lender that (a) requests reimbursement for amounts owing pursuant
to Section 2.18 or 2.19(a), (b) becomes a Defaulting Lender or (c) does not consent to any proposed amendment, supplement,
modification, consent or waiver of any provision of this Agreement or any other Loan Document that requires the consent of the
Supermajority Lenders, each of the Lenders or each of the Lenders affected thereby (so long as the consent of the Required Lenders
has been obtained), with a replacement financial institution; provided that (i) such replacement does not conflict
with any Requirement of Law, (ii) [reserved], (iii) prior to any such replacement pursuant to the preceding clause (a),
such Lender shall have not eliminated the continued need for payment of amounts owing pursuant to Section 2.18 or 2.19(a),
(iv) the replacement financial institution shall purchase, at par, all Loans and other amounts owing to such replaced Lender
on or prior to the date of replacement, (v) the Borrower shall be liable to such replaced Lender under Section 2.20 if
any Eurodollar Loan owing to such replaced Lender shall be purchased other than on the last day of the Interest Period relating
thereto, (vi) the replacement financial institution, if not already a Lender, an affiliate of a Lender or an Approved Fund,
shall be reasonably satisfactory to the Administrative Agent (in its capacity as such), (vii) the replaced Lender shall be
obligated to make such replacement in accordance with the provisions of Section 10.6 (provided that the Borrower shall be
obligated to pay the registration and processing fee referred to therein), (viii) until such time as such replacement shall
be consummated, the Borrower shall pay all additional amounts (if any) required pursuant to Section 2.18 or 2.19(a), as the
case may be, and (ix) any such replacement shall not be deemed to be a waiver of any rights that the Borrower, the Administrative
Agent or any other Lender shall have against the replaced Lender. Each party hereto agrees that an assignment required pursuant
to this paragraph may be effected pursuant to an Assignment and Assumption executed by the Borrower, the Administrative Agent and
the assignee, and that the Lender required to make such assignment need not be a party thereto in order for such assignment to
be effective.

 

2.23           Defaulting
Lenders. Notwithstanding any provision of this Agreement to the contrary, if any Lender becomes a Defaulting Lender, then
the following provisions shall apply for so long as such Lender is a Defaulting Lender:

 

(a)            fees
shall cease to accrue on the unfunded portion of the Commitment of such Defaulting Lender pursuant to Section 2.8(a);

 

(b)           the
Commitment and Revolving Extensions of Credit of such Defaulting Lender shall not be included in determining whether the Required
Lenders have taken or may take any action hereunder (including any consent to any amendment, waiver or other modification pursuant
to Section 10.1); provided, that this clause (b) shall not apply to the vote of a Defaulting Lender in the case
of an amendment, waiver or other modification requiring the consent of such Lender or each Lender affected thereby;

 

(c)            if
any L/C Exposure or Protective Advance Exposure exists at the time such Lender becomes a Defaulting Lender then:

 

(i)            all
or any part of the L/C Exposure and Protective Advance Exposure of such Defaulting Lender shall be reallocated among the non-Defaulting
Lenders in accordance with their respective Revolving Percentages but only to the extent the sum of all non-Defaulting Lenders’
Revolving Extensions of Credit plus such Defaulting Lender’s L/C Exposure and Protective Advance Exposure does not
exceed the total of all non-Defaulting Lenders’ Commitments;

 

    84 

     

    

 

(ii)            if
the reallocation described in clause (i) above cannot, or can only partially, be effected, the Borrower shall within one Business
Day following notice by the Administrative Agent (x) first, prepay such Protective Advance Exposure and (y) second,
cash collateralize for the benefit of the Issuing Lender only the Borrower’s obligations corresponding to such Defaulting
Lender’s L/C Exposure (after giving effect to any partial reallocation pursuant to clause (i) above) in accordance with
the procedures set forth in Section 8 for so long as such L/C Exposure is outstanding;

 

(iii)            if
the Borrower cash collateralizes any portion of such Defaulting Lender’s L/C Exposure pursuant to clause (ii) above,
the Borrower shall not be required to pay any fees to such Defaulting Lender pursuant to Section 3.3(a) with respect
to such Defaulting Lender’s L/C Exposure during the period such Defaulting Lender’s L/C Exposure is cash collateralized;

 

(iv)          if
the L/C Exposure of the Defaulting Lender is reallocated pursuant to clause (i) above, then the fees payable to the Lenders
pursuant to Section 2.8(a) and Section 3.3(a) shall be adjusted in accordance with the non-Defaulting Lenders’
Revolving Percentages; and

 

(v)            if
all or any portion of such Defaulting Lender’s L/C Exposure is neither reallocated nor cash collateralized pursuant to clause
(i) or (ii) above, then, without prejudice to any rights or remedies of the Issuing Lender or any other Lender hereunder,
all fees payable under Section 3.3(a) with respect to such Defaulting Lender’s L/C Exposure shall be payable to
the Issuing Lender until and to the extent that such L/C Exposure is reallocated and/or cash collateralized; and

 

(d)            so
long as such Lender is a Defaulting Lender, the Issuing Lender shall not be required to issue, amend or increase any Letter of
Credit, unless it is satisfied that the related exposure and the Defaulting Lender’s then outstanding L/C Exposure will be
100% covered by the Commitments of the non-Defaulting Lenders and/or cash collateral will be provided by the Borrower in accordance
with Section 2.23(c), and participating interests in any newly issued or increased Letter of Credit shall be allocated among
non-Defaulting Lenders in a manner consistent with Section 2.23(c)(i) (and such Defaulting Lender shall not participate
therein).

 

If
(i) a Bankruptcy Event with respect to a Lender Parent of any Lender shall occur following the Closing Date and for so long
as such event shall continue or (ii) the Issuing Lender has a good faith belief that any Lender has defaulted in fulfilling
its obligations under one or more other agreements in which such Lender commits to extend credit, the Issuing Lender shall not
be required to issue, amend or increase any Letter of Credit, unless the Issuing Lender, as the case may be, shall have entered
into arrangements with the Borrower or such Lender, satisfactory to the Issuing Lender, as the case may be, to defease any risk
to it in respect of such Lender hereunder.

 

    85 

     

    

 

In the event that the
Administrative Agent, the Borrower and the Issuing Lender each agrees that a Defaulting Lender has adequately remedied all matters
that caused such Lender to be a Defaulting Lender, then the L/C Exposure and Protective Advance Exposure of the Lenders shall be
readjusted to reflect the inclusion of such Lender’s Commitment and on such date such Lender shall purchase at par 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 Percentage.

 

2.24            Incremental
Facilities. (a)  The Borrower and any one or more Lenders (including New Lenders) may from time to time agree that
such Lenders shall make, obtain or increase the amount of their Commitments (any such new or increased Commitments, “Incremental
Commitments”) by executing and delivering to the Administrative Agent an Increased Facility Activation Notice specifying
(x) the amount of such Incremental Commitments and (y) the applicable Increased Facility Closing Date (which shall be
a date not less than five (5) Business Days after the date on which such notice is delivered to the Administrative Agent (or
such earlier date as shall be agreed by the Administrative Agent)); provided that (i) with respect to any Increased
Facility Closing Date, the Incremental Commitments shall be in a minimum amount of $10,000,000 and (ii) the aggregate amount
of Incremental Commitments obtained after the Closing Date pursuant to this Section 2.24 shall not exceed $125,000,000. No
Lender shall have any obligation to participate in any increase described in this paragraph unless it agrees to do so in its sole
discretion, and the Borrower shall have no obligation to offer to any Lender the opportunity to so participate.

 

(b)           Any
additional bank, financial institution or other entity which, with the consent of the Borrower, the Issuing Lender and the Administrative
Agent (which consent shall not be unreasonably withheld), elects to become a “Lender” under this Agreement in connection
with any transaction described in Section 2.24(a) shall execute a New Lender Supplement (each, a “New Lender
Supplement”), substantially in the form of Exhibit I-2, whereupon such bank, financial institution or other entity
(a “New Lender”) shall become a Lender for all purposes and to the same extent as if originally a party hereto
and shall be bound by and entitled to the benefits of this Agreement.

 

(c)         Unless
otherwise agreed or otherwise directed by the Administrative Agent, on each Increased Facility Closing Date, the Administrative
Agent shall (i) effect a settlement of all outstanding Revolving Loans among the Lenders that will reflect the adjustments
to the Total Commitments of the applicable Lenders as a result of the Incremental Commitments and (ii) notify the Lenders
of the occurrence of the Incremental Commitments to be effected on the Increased Facility Closing Date.

 

(d)             It
shall be a condition precedent to the availability of any Incremental Commitments that (i) no Default or Event of Default
shall have occurred and be continuing immediately prior to and immediately after giving effect to the making of such Incremental
Commitments, (ii) the representations and warranties set forth in each Loan Document shall be true and correct in all material
respects (or, if qualified by materiality, in all respects) on and as of the Increased Facility Closing Date immediately prior
to and immediately after giving effect to the making of such Incremental Commitments, except to the extent expressly made as of
an earlier date, in which case they shall be so true and correct as of such earlier date, (iii) the Borrower shall have delivered
such customary legal opinions, board resolutions, secretary’s certificate, officer’s certificate and other documents,
in each case consistent with those delivered on the Closing Date, as shall be reasonably requested by the Administrative Agent
in connection with any Incremental Commitments and (iv) the Consolidated Fixed Charge Coverage Ratio for the Applicable Reference
Period, calculated on a Pro Forma Basis as of the Increased Facility Closing Date, shall be greater than 1.10:1.00.

 

    86 

     

    

 

(e)            On
each Increased Facility Closing Date, the fixed dollar portions of any Availability-based thresholds hereunder shall be increased
by an amount proportional to the increase, if any, in the Total Commitments above the Total Commitments in effect on the Closing
Date effected by the Incremental Commitments on such Increased Facility Closing Date.

 

SECTION 3.  LETTERS
OF CREDIT

 

3.1            L/C
Commitment. (a)  Subject to the terms and conditions hereof, the Issuing
Lender, in reliance on the agreements of the other Revolving Lenders set forth in Section 3.4(a), agrees to issue letters
of credit (“Letters of Credit”) during the Revolving Commitment Period for the account of the Borrower on any
Business Day during the Revolving Commitment Period in such form as may be approved from
time to time by the Issuing Lender; provided that the Issuing Lender shall not issue any Letter of Credit if, after
giving effect to such issuance, the Total Revolving Extensions of Credit would exceed the Line Cap, subject to the authority of
the Administrative Agent, in its sole discretion, to make Protective Advances pursuant to the terms of Section 2.3. Each Letter
of Credit shall (i) be denominated in Dollars and (ii) expire no later than the earlier of (x) the first anniversary
of its date of issuance (or such longer period as agreed to by the applicable Issuing Lender in its sole discretion) and (y) unless
such Letter of Credit has been cash collateralized or other arrangements backstopping such Letter of Credit have been made, in
each case, reasonably satisfactory to the Issuing Lender, the date that is five Business Days prior to the Revolving Termination
Date, provided that any Letter of Credit with a one-year term may provide for the renewal thereof for additional one-year periods
(which shall in no event extend beyond the date referred to in clause (y) above unless such Letter of Credit has been cash
collateralized or other arrangements backstopping such Letter of Credit have been made, in each case, reasonably satisfactory to
the Issuing Lender).

 

(b)            The
Issuing Lender shall not at any time be obligated to issue any Letter of Credit if the issuance of such Letter of Credit would
(i) result in such Issuing Lender’s L/C Obligations exceeding such Lender’s L/C Commitment, (ii) violate
one or more policies of the Issuing Lender applicable to letters of credit generally or (iii) conflict with, or cause the
Issuing Lender or any L/C Participant to exceed any limits imposed by, any applicable Requirement of Law. Without limiting the
foregoing and without affecting the limitations contained herein, it is understood and agreed that the Borrower may from time to
time request that an Issuing Lender issue Letters of Credit in excess of such Issuing Lender’s L/C Commitment in effect at
the time of such request, and each Issuing Lender agrees to consider any such request in good faith. Any Letter of Credit so issued
by an Issuing Lender in excess of its L/C Commitment then in effect shall nonetheless constitute a Letter of Credit for all purposes
of this Agreement, and shall not affect the L/C Commitment of any other Issuing Lender.

 

    87 

     

    

 

(c)            The
parties hereto agree that (i) the Existing Letters of Credit shall be deemed to be Letters of Credit for all purposes under
this Agreement, without any further action by the Borrower, the Issuing Lender or any other Person and (ii) the extension
or renewal of the Existing Letters of Credit by JPMCB (other than the Specified Letter of Credit) shall not be permitted if after
giving effect to such renewal or extension, the aggregate face amount of Letters of Credit issued by JPMCB would exceed JPMCB’s
L/C Commitment.

 

3.2            Procedure
for Issuance of Letter of Credit. The Borrower may from time to time request that the Issuing Lender issue a Letter of Credit
(or the amendment, renewal or extension of an outstanding Letter of Credit) by delivering to the Issuing Lender at its address
for notices specified herein, with a copy to the Administrative Agent, an Application therefor, completed to the reasonable satisfaction
of the Issuing Lender, and such other certificates, documents and other papers and information as the Issuing Lender may reasonably
request. Upon receipt of any Application, the Issuing Lender will process such Application and the certificates, documents and
other papers and information delivered to it in connection therewith in accordance with its customary procedures and shall promptly
issue the Letter of Credit requested thereby (but in no event shall the Issuing Lender be required to issue, amended, renew or
extend any Letter of Credit earlier than three Business Days after its receipt of the Application therefor and all such other certificates,
documents and other papers and information relating thereto) by issuing the original of such Letter of Credit to the beneficiary
thereof or as otherwise may be agreed to by the Issuing Lender and the Borrower. The Issuing Lender shall furnish a copy of such
Letter of Credit to the Borrower promptly following the issuance thereof. The Issuing Lender 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 (including the amount
thereof).

 

3.3           Fees
and Other Charges. (a)  The Borrower will pay a fee on all outstanding Letters of Credit at a per annum rate equal
to the Applicable Margin then in effect with respect to Revolving Loans that are Eurodollar Loans, shared ratably among the Revolving
Lenders and payable quarterly in arrears on each Fee Payment Date after the issuance date. In addition, the Borrower shall pay
to the Issuing Lender for its own account a fronting fee of 0.125% per annum on the undrawn and unexpired amount of each Letter
of Credit, payable quarterly in arrears on each Fee Payment Date after the issuance date.

 

(b)            In
addition to the foregoing fees, the Borrower shall pay or reimburse the Issuing Lender for such normal and customary costs and
expenses as are incurred or charged by the Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise
administering any Letter of Credit.

 

3.4            L/C
Participations. (a)  The Issuing Lender irrevocably agrees to grant and hereby grants to each L/C Participant, and,
to induce the Issuing Lender to issue Letters of Credit, each L/C Participant irrevocably agrees to accept and purchase and hereby
accepts and purchases from the Issuing Lender, on the terms and conditions set forth below, for such L/C Participant’s own
account and risk an undivided interest equal to such L/C Participant’s Revolving Percentage in the Issuing Lender’s
obligations and rights under and in respect of each Letter of Credit and the amount of each draft paid by the Issuing Lender thereunder.
Each L/C Participant agrees with the Issuing Lender that, if a draft is paid under any Letter of Credit for which the Issuing Lender
is not reimbursed in full by the Borrower in accordance with the terms of this Agreement (or in the event that any reimbursement
received by the Issuing Lender shall be required to be returned by it at any time), such L/C Participant shall pay to the Issuing
Lender upon demand at the Issuing Lender’s address for notices specified herein an amount equal to such L/C Participant’s
Revolving Percentage of the amount that is not so reimbursed (or is so returned). Each L/C Participant’s obligation to pay
such amount shall be absolute and unconditional and shall not be affected by any circumstance, including (i) any setoff, counterclaim,
recoupment, defense or other right that such L/C Participant may have against the Issuing Lender, the Borrower or any other Person
for any reason whatsoever, (ii) the occurrence or continuance of a Default or an Event of Default or the failure to satisfy
any of the other conditions specified in Section 5, (iii) any adverse change in the condition (financial or otherwise)
of the Borrower, (iv) any breach of this Agreement or any other Loan Document by the Borrower, any other Loan Party or any
other L/C Participant or (v) any other circumstance, happening or event whatsoever, whether or not similar to any of the foregoing.

 

    88 

     

    

 

(b)            If
any amount required to be paid by any L/C Participant to the Issuing Lender pursuant to Section 3.4(a) in respect of
any unreimbursed portion of any payment made by the Issuing Lender under any Letter of Credit is not paid to the Issuing Lender
within three Business Days after the date such payment is due, such L/C Participant shall pay to the Issuing Lender on demand an
amount equal to the product of (i) such amount, times (ii) the greater of (x) the daily average NYFRB 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
Issuing Lender and (y) a rate determined by the Administrative Agent in accordance with banking industry rules on interbank
compensation, times (iii) 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 Participant pursuant to Section 3.4(a) is not made
available to the Issuing Lender by such L/C Participant within three Business Days after the date such payment is due, the Issuing
Lender shall be entitled to recover from such L/C Participant, on demand, such amount with interest thereon calculated from such
due date at the rate per annum applicable to the Alternate Base Rate plus the Applicable
Margin. A certificate of the Issuing Lender submitted to any L/C Participant with respect
to any amounts owing under this Section shall be conclusive in the absence of manifest error.

 

(c)            Whenever,
at any time after the Issuing Lender has made payment under any Letter of Credit and has received from any L/C Participant its
pro rata share of such payment in accordance with Section 3.4(a), the Issuing Lender receives any payment related to
such Letter of Credit (whether directly from the Borrower or otherwise, including proceeds of Collateral applied thereto by the
Issuing Lender), or any payment of interest on account thereof, the Issuing Lender will distribute to such L/C Participant its
pro rata share thereof; provided, however, that in the event that any such payment received by the Issuing
Lender shall be required to be returned by the Issuing Lender, such L/C Participant shall return to the Issuing Lender the portion
thereof previously distributed by the Issuing Lender to it.

 

3.5            Reimbursement
Obligation of the Borrower. If any draft is paid under any Letter of Credit, the Borrower shall reimburse the Issuing Lender
for the amount of (a) the draft so paid and (b) any taxes, fees, charges or other costs or expenses incurred by the Issuing
Lender in connection with such payment, not later than 2:00 p.m., New York City time, on the Business Day immediately following
the Business Day that the Borrower receives notice of such draft. Each such payment shall be made to the Issuing Lender at its
address for notices referred to herein in Dollars and in immediately available funds. Interest shall be payable on any such amounts
from the date on which the relevant draft is paid until payment in full at the rate set forth in (x) until the Business Day
next succeeding the date of the relevant notice, Section 2.14(b) and (y) thereafter, Section 2.14(c).

 

    89 

     

    

 

3.6            Obligations
Absolute. The Borrower’s obligations under this Section 3 shall be absolute, unconditional and irrevocable under
any and all circumstances and irrespective of any setoff, counterclaim or defense to payment that the Borrower may have or have
had against the Issuing Lender, any beneficiary of a Letter of Credit or any other Person. The Borrower also agrees with the Issuing
Lender that the Issuing Lender shall not be responsible for, and the Borrower’s Reimbursement Obligations under Section 3.5
shall not be affected by, among other things, (a) any lack of validity or enforceability of any Letter of Credit or this Agreement,
or any term or provision therein, (b) any draft or other document presented under a Letter of Credit proving to be invalid,
fraudulent or forged in any respect or any statement therein being untrue or inaccurate in any respect, (c) any dispute between
or among the Borrower and any beneficiary of any Letter of Credit or any other party to which such Letter of Credit may be transferred
or any claims whatsoever of the Borrower against any beneficiary of such Letter of Credit or any such transferee, (d) payment
by the Issuing Lender under a Letter of Credit against presentation of a draft or other document that does not comply with the
terms of such Letter of Credit, or (e) any other event or circumstance whatsoever, whether or not similar to any of the foregoing,
that might, but for the provisions of this Section, constitute a legal or equitable discharge of, or provide a right of setoff
against, the Borrower's obligations hereunder. The Issuing Lender shall not have any liability or responsibility by reason of or
in connection with the issuance or transfer of any Letter of Credit or any payment or failure to make any payment thereunder (irrespective
of any of the circumstances referred to in the preceding sentence), or any error, omission, interruption, loss or delay in transmission
or delivery of any draft, notice or message or advice, however transmitted, in connection with any Letter of Credit (including
any document required to make a drawing thereunder), any error in interpretation of technical terms or any consequence arising
from causes beyond the control of the Issuing Lender; provided that the foregoing shall not be construed to excuse the Issuing
Lender from liability to the Borrower to the extent of any direct damages (as opposed to special, indirect, consequential or punitive
damages, claims in respect of which are hereby waived by the Borrower to the extent permitted by applicable law) suffered by the
Borrower that are caused by the Issuing Lender's failure to exercise care when determining whether drafts and other documents presented
under a Letter of Credit comply with the terms thereof. The parties hereto expressly agree that, in the absence of gross negligence,
bad faith or willful misconduct on the part of the Issuing Lender (as finally determined by a court of competent jurisdiction),
the Issuing Lender shall be deemed to have exercised care in each such determination. In furtherance of the foregoing and without
limiting the generality thereof, the parties agree that, with respect to documents presented which appear on their face to be in
substantial compliance with the terms of a Letter of Credit, the Issuing Lender may, in its sole discretion, either accept and
make payment upon such documents without responsibility for further investigation, regardless of any notice or information to the
contrary, or refuse to accept and make payment upon such documents if such documents are not in strict compliance with the terms
of such Letter of Credit.

 

3.7            Letter
of Credit Payments. If any draft shall be presented for payment under any Letter of Credit, the Issuing Lender shall promptly
notify the Borrower and the Administrative Agent of the date and amount thereof; provided that any failure to give or delay
in giving such notice shall not relieve the Borrower of its obligation to reimburse the Issuing Lender and the Revolving Lenders
pursuant to Section 3.5.

 

    90 

     

    

 

3.8            Applications.
To the extent that any provision of any Application related to any Letter of Credit is inconsistent with the provisions of this
Section 3, the provisions of this Section 3 shall apply.

 

3.9            Replacement
and Resignation of Issuing Lenders.

 

(a)            An
Issuing Lender may be replaced at any time by written agreement among the Borrower, the Administrative Agent, the replaced Issuing
Lender and the successor Issuing Lender. The Administrative Agent shall notify the Lenders of any such replacement of an Issuing
Lender. At the time any such replacement shall become effective, the Borrower shall pay all unpaid fees accrued for the account
of the replaced Issuing Lender pursuant to Section 3.3. From and after the effective date of any such replacement, (i) the
successor Issuing Lender shall have all the rights and obligations of an Issuing Lender under this Agreement with respect to Letters
of Credit to be issued thereafter and (ii) references herein to the term “Issuing Lender” shall be deemed to
refer to such successor or to any previous Issuing Lender, or to such successor and all previous Issuing Lender, as the context
shall require. After the replacement of an Issuing Lender hereunder, the replaced Issuing Lender shall remain a party hereto and
shall continue to have all the rights and obligations of an Issuing Lender under this Agreement with respect to Letters of Credit
then outstanding and issued by it prior to such replacement, but shall not be required to issue additional Letters of Credit or
extend or otherwise amend any existing Letter of Credit.

 

(b)            Subject
to the appointment and acceptance of a successor Issuing Lender, any Issuing Lender may resign as an Issuing Lender at any time
upon thirty days’ prior written notice to the Administrative Agent, the Borrower and the Lenders, in which case, such resigning
Issuing Lender shall be replaced in accordance with Section 3.9(a) above.

 

SECTION 4.  REPRESENTATIONS
AND WARRANTIES

 

To induce the Administrative
Agent and the Lenders to enter into this Agreement and to make the Loans and issue or participate in the Letters of Credit, the
Borrower hereby represents and warrants to the Administrative Agent and each Lender that:

 

4.1            Financial
Condition. (a)  The unaudited pro forma consolidated balance sheet and related pro forma consolidated statement
of income of the Borrower and its consolidated Restricted Subsidiaries as of and for the 12 months ended September 30, 2020
(the “Pro Forma Financial Statements”), copies of which have heretofore been furnished to the Administrative
Agent, have been prepared giving effect (as if such events had occurred on such date (in the case of the balance sheet) or at
the beginning of such period (in the case of the statement of income)) to the consummation of the Transactions and the payment
of fees and expenses in connection therewith. The Pro Forma Financial Statements have been prepared in good faith and are based
on assumptions believed by the Borrower to be reasonable as of the date of delivery thereof, and present fairly in all material
respects on a pro forma basis the estimated financial condition and results of operations of Borrower and its consolidated Restricted
Subsidiaries as of and for the 12 months ended at September 30, 2020, assuming that the events specified in the preceding
sentence had actually occurred at such date or at the beginning of such period, as applicable.

 

    91

     

    

 

(b)            The
audited consolidated balance sheet of the Borrower and its consolidated Restricted Subsidiaries as at December 31, 2019,
and the related consolidated statements of income, stockholders’ equity and cash flows for the fiscal year ended on such
date, reported on by and accompanied by an unqualified report from Ernst & Young LLP, present fairly, in all material
respects, the consolidated financial condition of the Borrower and its consolidated Restricted Subsidiaries (prior to giving effect
to the consummation of the Transactions) as at such date, and the consolidated results of its operations and its consolidated
cash flows for the fiscal year then ended. The unaudited consolidated balance sheet of the Borrower and its consolidated Restricted
Subsidiaries as at March 31, 2020, June 30, 2020 and September 30, 2020, and the related unaudited consolidated
statements of income, stockholders’ equity and cash flow for the three-month periods ended on such dates, present fairly,
in all material respects, the consolidated financial condition of the Borrower and its consolidated Restricted Subsidiaries (prior
to giving effect to the consummation of the Transactions) as at such dates, and the consolidated results of its operations and
its consolidated cash flow for the three-month periods then ended (subject to normal year-end audit adjustments and the absence
of footnotes). All such financial statements, including the related schedules and notes thereto, have been prepared in accordance
with GAAP applied consistently throughout the periods involved (except as approved by the aforementioned firm of accountants and
disclosed therein), except that the interim financial statements are subject to year-end adjustments and the absence of footnotes.

 

4.2            No
Change. Since December 31, 2019, there has been no development or event that has had or would reasonably be expected
to have a Material Adverse Effect.

 

4.3           Existence;
Compliance with Law. Each Group Member (a) is duly organized or formed, validly existing and in good standing under the
laws of the jurisdiction of its organization, (b) has the corporate or similar organizational power and authority, and 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, (c) is duly qualified as a foreign corporation or other organization and 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, except where the failure to be so qualified and in good standing would not, in the aggregate, reasonably be expected
to have a Material Adverse Effect and (d) is in compliance with all Requirements of Law except to the extent that the failure
to comply therewith would not, in the aggregate, reasonably be expected to have a Material Adverse Effect.

 

4.4           Power;
Authorization; Enforceable Obligations. (a)  Each Loan Party has the corporate or similar organizational power and
authority, and the legal right, to make, deliver and perform the Loan Documents to which it is a party and, in the case of the
Borrower, to obtain extensions of credit hereunder. Each Loan Party has taken all necessary corporate or similar organizational
action to authorize the execution, delivery and performance of the Loan Documents to which it is a party and, in the case of the
Borrower, to authorize the extensions of credit on the terms and conditions of this Agreement. Each Loan Document has been duly
executed and delivered on behalf of each Loan Party party thereto. This Agreement constitutes, and each other Loan Document upon
execution will constitute, a legal, valid and binding obligation of each Loan Party party thereto, enforceable against each such
Loan Party in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization,
moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles
(whether enforcement is sought by proceedings in equity or at law).

 

    92

     

    

 

(b)           No
consent or authorization of, filing with, notice to or other act by or in respect of, any Governmental Authority or any other
Person is required in connection with the extensions of credit hereunder or with the execution, delivery, performance, validity
or enforceability of this Agreement or any of the Loan Documents, except (i) consents, authorizations, filings and notices
that have been obtained or made and are in full force and effect, (ii) the filings referred to in Section 4.19, (iii) filings
with the SEC that may be required to be made following the execution and delivery hereof in connection herewith and (iv) immaterial
consents, authorizations, filings and notices.

 

4.5           No
Legal Bar. The execution, delivery and performance of this Agreement and the other Loan Documents, the issuance of Letters
of Credit, the borrowings hereunder and the use of the proceeds thereof will not violate any Requirement of Law or any Contractual
Obligation of any Group Member, except (other than with respect to such Group Member’s Organizational Documents) for violations
that would not reasonably be expected to have a Material Adverse Effect, and will not result in, or require, the creation or imposition
of any Lien on any of their respective properties or revenues pursuant to any Requirement of Law or any such Contractual Obligation
(other than the Liens created by the Security Documents and other Permitted Liens).

 

4.6           Litigation.
No litigation, investigation or proceeding of or before any arbitrator or Governmental Authority is pending or, to the knowledge
of the Borrower, threatened by or against any Group Member or against any of their respective properties or revenues that would
reasonably be expected to have a Material Adverse Effect.

 

4.7           No
Default. No Group Member is in default under or with respect to any of its Contractual Obligations in any respect that would
reasonably be expected to have a Material Adverse Effect. No Default or Event of Default has occurred and is continuing.

 

4.8           Ownership
of Property; Liens. Each Group Member has title in fee simple to, or a valid leasehold interest in, all its real property,
and good title to, or a valid leasehold interest in, all its other property (except where the failure to have such title would
not reasonably be expected to have a Material Adverse Effect), and none of such property is subject to any Lien except as permitted
by Section 7.3.

 

4.9           Intellectual
Property. Except as would not reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect,
(i) each Group Member owns or otherwise has a valid right to use all Intellectual Property material to the conduct of its
business as currently conducted, free and clear of all Liens, except as permitted by Section 7.3, and any such Intellectual
Property that is owned by any Group Member and registered with any Governmental Authority is subsisting, unexpired and, to the
knowledge of each Group Member, valid and enforceable; (ii) the use thereof and the conduct of the business of each of the
Group Members does not infringe upon or otherwise violate the rights of any Person; and (iii) no Group Member has, within
the past three years, received any material written claim in which any Person challenged the use of any Intellectual Property
by any Group Member, or the validity or effectiveness of any Intellectual Property owned by any Loan Party, nor does the Borrower
know of any valid basis for any such material claim.

 

    93

     

    

 

4.10         Taxes.
Each Group Member has filed or caused to be filed all federal, state and other material Tax returns that are required to be filed
and has paid all Taxes shown to be due and payable on said returns or on any assessments made against it or any of its property
and all other Taxes, fees or other charges imposed on it or any of its property by any Governmental Authority (other than (i) the
amount or validity of which are currently being contested in good faith by appropriate proceedings and with respect to which reserves
in conformity with GAAP have been provided on the books of the relevant Group Member, or (ii) to the extent that the failure
to file or pay, individually or in the aggregate, would not reasonably be expected to have a Material Adverse Effect).

 

4.11         Federal
Regulations. No part of the proceeds of any Borrowing hereunder will be used for “buying” or “carrying”
any Margin Stock within the respective meanings of each of the quoted terms under Regulation U as now and from time to time hereafter
in effect except in compliance with the provisions of the regulations of the Board.

 

4.12         Labor
Matters. Except as, in the aggregate, would not reasonably be expected to have a Material Adverse Effect: (a) there are
no strikes or other labor disputes against any Group Member pending or, to the knowledge of the Borrower, threatened; (b) hours
worked by and payment made to employees of each Group Member have not been in violation of the Fair Labor Standards Act or any
other applicable Requirement of Law dealing with such matters; and (c) all payments due from any Group Member on account
of employee health and welfare insurance have been paid or accrued as a liability on the books of the relevant Group Member.

 

4.13         ERISA.
Except as would not reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect: (a) each
Group Member and each of their respective ERISA Affiliates (and in the case of a Pension Plan or a Multiemployer Plan, each of
their respective ERISA Affiliates) are in compliance with all applicable provisions and requirements of ERISA and the Code and
other federal and state laws and the regulations and published interpretations thereunder with respect to each Plan and Pension
Plan and have performed all their obligations under each Plan and Pension Plan; (b) no ERISA Event or Foreign Plan Event
has occurred or is reasonably expected to occur, and no ERISA Affiliate is aware of any fact, event or circumstance that could
reasonably be expected to constitute or result in an ERISA Event; (c) each Plan or Pension Plan which is intended to qualify
under Section 401(a) of the Code has received a favorable determination letter from the IRS indicating that such Plan
or Pension Plan is so qualified and the trust related thereto has been determined by the Internal Revenue Service to be exempt
from federal income tax under Section 501(a) of the Code or an application for such a determination is currently pending
before the Internal Revenue Service and, to the knowledge of the Borrower, nothing has occurred subsequent to the issuance of
the most recent determination letter which would cause such Plan or Pension Plan to lose its qualified status; (d) no liability
to the PBGC (other than required premium payments), the IRS, any Plan or Pension Plan or any trust established under Title IV
of ERISA has been or is expected to be incurred by any Group Member or any of their ERISA Affiliates; (e) each of the Group
Members’ ERISA Affiliates has complied with the requirements of Section 515 of ERISA with respect to each Multiemployer
Plan and is not in “default” (as defined in Section 4219(c)(5) of ERISA) with respect to payments to a Multiemployer
Plan; (f) all amounts required by applicable law with respect to, or by the terms of, any retiree welfare benefit arrangement
maintained by any Group Member or any ERISA Affiliate or to which any Group Member or any ERISA Affiliate has an obligation to
contribute have been accrued in accordance with ASC Topic 715-60; (g) as of the most recent valuation date for each Multiemployer
Plan for which the actuarial report is available, no Group Member nor any of their respective ERISA Affiliates has any potential
liability for a complete withdrawal from such Multiemployer Plan (within the meaning of Section 4203 of ERISA), when aggregated
with such potential liability for a complete withdrawal from all Multiemployer Plans, based on information available pursuant
to Section 4221(e) of ERISA; (h) there has been no Prohibited Transaction or violation of the fiduciary responsibility
rules with respect to any Plan or Pension Plan that has resulted or would reasonably be expected to result in a Material
Adverse Effect; and (i) neither any Group Member nor any ERISA Affiliate maintains or contributes to, or has any unsatisfied
obligation to contribute to, or liability under, any active or terminated Pension Plan other than (i) on the Closing Date,
those listed on Schedule 4.13 hereto and (ii) thereafter, Pension Plans not otherwise prohibited by this Agreement. The present
value of all accumulated benefit obligations under each Pension Plan, did not, as of the close of its most recent plan year, exceed
by more than $10,000,000 the fair market value of the assets of such Pension Plan allocable to such accrued benefits (determined
in both cases using the applicable assumptions under Section 430 of the Code and the Treasury Regulations promulgated thereunder),
and the present value of all accumulated benefit obligations of all underfunded Pension Plans did not, as of the date of the most
recent financial statements reflecting such amounts, exceed by more than $10,000,000 the fair market value of the assets of all
such underfunded Pension Plans (determined in both cases using the applicable assumptions under Section 430 of the Code and
the Treasury Regulations promulgated thereunder).

 

    94

     

    

 

4.14        Investment
Company Act; Other Regulations. No Loan Party is an “investment company” within the meaning of the Investment
Company Act of 1940, as amended.

 

4.15         Subsidiaries;
Capital Stock. As of the Closing Date, (a) Schedule 4.15 sets forth the name and jurisdiction of incorporation of each
Subsidiary and, as to each such Subsidiary, the percentage of each class of Capital Stock owned by any Loan Party and (b) there
are no outstanding subscriptions, options, warrants, calls, rights or other agreements or commitments (other than stock options
and restricted stock units granted to employees or directors and directors’ qualifying shares) of any nature relating to
any Capital Stock of any Restricted Subsidiary, except (i) with respect to Capital Stock of Loan Parties, as created by the
Loan Documents or the Term Loan Documents (or any security documents in respect of Permitted Refinancing Indebtedness thereof)
and (ii) otherwise, as permitted by this Agreement.

 

4.16         Use
of Proceeds. The proceeds of the Revolving Loans and the Letters of Credit will be used by the Borrower (a) on the Closing
Date, to pay, directly or indirectly, the consideration for the Acima Acquisition, for the Debt Repayment, to fund any original
issue discount or upfront fees due in connection with the “flex” provisions in connection with the Transactions, to
pay costs and expenses in respect of the Transactions, for backstop or replacement letters of credit (or the rolling of letters
of credit) outstanding on the Closing Date and for the issuance of Letters of Credit and for other general corporate purposes
and (b) at all other times, for general corporate purposes (including Restricted Payments, Permitted Acquisitions, other
Investments and paying fees and expenses in connection with the execution and delivery of this Agreement, and other uses not prohibited
by this Agreement).

 

    95

     

    

 

4.17          Environmental
Matters. Except as, individually or in the aggregate, would not reasonably be expected to have a Material Adverse Effect:

 

(a)            Materials
of Environmental Concern are not present at, on, under, in, or about any real property now or formerly owned, leased or operated
by any Group Member or at any other location (including any location to which Materials of Environmental Concern have been sent
for re-use or recycling or for treatment, storage, or disposal), in amounts or concentrations or under circumstances that constitute
a violation of, or would reasonably be expected to give rise to liability on the part of any Group Member under, any Environmental
Law;

 

(b)           no
Group Member has received or is aware of any notice of violation, alleged violation, non-compliance, liability or potential liability
under or relating to any Environmental Law, nor does the Borrower have knowledge or reason to believe that any such notice will
be received or is being threatened;

 

(c)            no
judicial, arbitral, governmental or administrative litigation, disclosed-investigation or similar proceeding is pending or, to
the knowledge of the Borrower, threatened, under any Environmental Law to which any Group Member is or will be named as a party,
nor has any Group Member entered into or agreed to any settlements, consent decrees or other decrees, consent orders, administrative
orders or other orders, or other administrative or judicial agreements relating to compliance with or liability under any Environmental
Law that have not been fully and finally resolved;

 

(d)             each
Group Member is in compliance, and within the period of all applicable statutes of limitation has been in compliance, with all
applicable Environmental Laws; and

 

(e)            no
Group Member has assumed or retained, by or as a result of any contract or other agreement, any liability of any other Person
under Environmental Laws or with respect to any Material of Environmental Concern.

 

4.18          Accuracy
of Information, etc. All written information (other than projections, pro forma financial information, financial estimates,
forecasts, forward-looking information and information of a general or economic nature) furnished by or on behalf of any Loan
Party to the Administrative Agent or the Lenders, or any of them, for use in connection with the transactions contemplated by
this Agreement or the other Loan Documents, does not (taken as a whole) contain, as of the date such statements, information,
documents or certificates were so furnished, any untrue statement of a material fact or omit to state a material fact necessary
to make the statements contained therein (taken as a whole) not materially misleading in light of the circumstances so made. The
projections and pro forma financial information contained in the materials referenced above are based upon good faith estimates
and assumptions believed by management of the Borrower to be reasonable at the time made, it being recognized by the Lenders that
such projections and financial information as they relate to future events are not to be viewed as fact and that actual results
during the period or periods covered by such financial information may differ from the projected results set forth therein and
such difference may be material.

 

    96

     

    

 

4.19         Security
Documents. The Guarantee and Collateral Agreement is effective to create in favor of the Administrative Agent, for the benefit
of the Secured Parties, a legal, valid and enforceable security interest in the Collateral described therein and the proceeds
thereof. In the case of the Pledged Collateral (as defined in the Guarantee and Collateral Agreement), when such Pledged Collateral
is delivered (in accordance with the Intercreditor Agreement) to the Administrative Agent or the Term Loan Administrative Agent
(together with a properly completed and signed undated endorsement), in the case of Collateral consisting of Deposit Accounts,
when such Deposit Accounts are subject to a Deposit Account Control Agreement, and in the case of the other Collateral described
in the Guarantee and Collateral Agreement that can be perfected by the filing of a financing statement or other filing, when financing
statements and other filings specified on Schedule 4.19 in appropriate form are filed in the offices specified on Schedule 4.19,
the Administrative Agent will have, for the benefit of the Secured Parties, a fully perfected Lien on, and security interest in,
all right, title and interest of the Loan Parties in such Collateral and the proceeds thereof, as security for the Obligations
(as defined in the Guarantee and Collateral Agreement), in each case prior and superior in right to the Lien of any other Person
(except Liens permitted by Section 7.3).

 

4.20         Solvency.
As of the Closing Date and after giving effect to the Transactions, the Borrower and its Restricted Subsidiaries, on a consolidated
basis, are Solvent.

 

4.21        Senior
Indebtedness. The Obligations, and the obligations of each Subsidiary Guarantor under the Guarantee and Collateral Agreement,
constitute “senior debt” or “senior indebtedness” (or any comparable term) under all Indebtedness that
is subordinated or required to be subordinated in right of payment to the Obligations (if applicable).

 

4.22          [Reserved].

 

4.23         Anti-Corruption
Laws, Anti-Money Laundering and Sanctions. The Borrower has implemented and maintains in effect policies and procedures designed
to ensure compliance by the Borrower, its Subsidiaries and their respective directors, officers, employees and agents with Anti-Corruption
Laws and applicable Sanctions, and the Borrower, its Subsidiaries and their respective officers and directors and to the knowledge
of the Borrower its employees and agents, are in compliance with Anti-Corruption Laws and applicable Sanctions in all material
respects. Neither the Borrower nor any Subsidiary of the Borrower, nor, to their knowledge, any of their respective directors,
officers, or employees, is a Sanctioned Person. The Loan Parties will not directly use the proceeds of any Loans to violate any
Anti-Corruption Law or applicable Sanctions.

 

4.24          Affected
Financial Institutions. No Loan Party is an Affected Financial Institution.

 

    97

     

    

 

4.25          Subject
Agreements. (a) Neither the Borrower nor any other Loan Party has provided, or has taken any steps to provide, any Person
other than the Administrative Agent with “control” (as defined in and provided for in the New York Uniform Commercial
Code) over any Subject Agreement. (b)  On and after the occurrence of the Electronic Chattel Paper Control System Implementation
Date, substantially all Subject Agreements entered into after such date constitute Electronic Chattel Paper.

 

SECTION 5.  CONDITIONS
PRECEDENT

 

5.1            Conditions
to Initial Extension of Credit. The agreement of each Lender to make the Commitments available and make the initial extension
of credit requested to be made by it is subject to the satisfaction, prior to or concurrently with the making of such extension
of credit on the Closing Date, of the following conditions precedent:

 

(a)            Loan
Documents. The Administrative Agent shall have received (i) this Agreement, executed and delivered by the Administrative
Agent, the Borrower and each Person listed on Schedule 1.1, (ii) the Guarantee and Collateral Agreement, executed and delivered
by the Borrower and each Subsidiary Guarantor and (iii) the Intercreditor Agreement, executed and delivered by the Administrative
Agent, the Borrower and each Person party thereto.

 

(b)           Target
Acquisition. The Acima Acquisition shall have been consummated, or substantially simultaneously with the funding of the Loans
and issuances of Letters of Credit on the Closing Date hereunder shall be consummated, in all material respects in accordance
with the terms of the Acquisition Agreement, and the Acquisition Agreement shall not have been altered, amended or otherwise changed
or supplemented or any provision waived or any consent given thereunder, in each case, in any respect that would be materially
adverse to the Lenders or the Arrangers without the prior written consent of the Arrangers, such consent not to be unreasonably
withheld, delayed or conditioned; provided that (i) any decrease in the purchase price shall not be deemed to be materially
adverse to the Lenders or the Arrangers so long as such reduction of the purchase price is allocated to a reduction in the amounts
to be funded under the Unsecured Notes until zero and then allocated to a reduction of the amounts to be funded under the Term
Loan Credit Agreement and does not exceed 15% of the purchase price, (ii) any increase in the purchase price shall not be
materially adverse to the Lenders so long as such increase is funded by equity or internally generated cash of the Borrower and
(iii) any amendment, waiver or consent with respect to Section 3.8(b) of the Acquisition Agreement or any defined
terms as used therein shall be deemed to be materially adverse to the Lenders and the Arrangers.

 

    98

     

    

 

(c)            Pro
Forma Financial Statements; Financial Statements. Each Arranger shall have received (i) the Pro Forma Financial Statements,
(ii) (a) audited consolidated financial statements for the Borrower and its Subsidiaries (prior to giving effect to
the Transactions) for the three most recent fiscal years ended at least 90 days before the Closing Date, provided that the Arrangers
acknowledge that they have received the audited consolidated financial statements for the fiscal years ended December 31,
2017, December 31, 2018 and December 31, 2019, and (b) unaudited consolidated financial statements for the Borrower
and its Subsidiaries (prior to giving effect to the Transactions) for each fiscal quarter (other than the fourth fiscal quarter)
ended after the date of the most recent balance sheet delivered pursuant to clause (ii)(a) above and at least 45 days before
the Closing Date (and, in the case of each of clauses (ii)(a) and (ii)(b), such financial statements shall be prepared in
conformity with GAAP; provided that such financial statements specified in clause (ii)(b) shall be subject to year-end adjustments
and absence of footnotes), provided that the Arrangers acknowledge that the financial statements delivered with respect to the
fiscal quarters ended March 31, 2020, June 30, 2020 and September 30, 2020 have been received, and (iii) (a) audited
consolidated balance sheets and related statements of income, stockholders’ equity and cash flows and related notes thereto
of the Acquired Business for the two fiscal years most recently ended at least 90 days prior to the Closing Date, provided that
the Arrangers acknowledge that they have received the audited consolidated balance sheets and related statements of income, stockholders’
equity and cash flows and related notes thereto for the fiscal years ended December 31, 2018 and December 31, 2019,
and (b) unaudited consolidated balance sheets and related statements of income, cash flows and related notes thereto of the
Acquired Business for each subsequent fiscal quarter (excluding the fourth quarter of any fiscal year) ended at least 45 days
prior to the Closing Date in each case, with comparative financial information for the equivalent period of the prior year (and,
in the case of each of clauses (iii)(a) and (iii)(b), such financial statements are prepared in accordance with GAAP; provided
that such financial statements specified in clause (iii)(b) shall be subject to year-end adjustments and absence of footnotes),
provided that the Arrangers acknowledge that the financial statements of the Acquired Business delivered with respect to the fiscal
quarters ended March 31, 2020, June 30, 2020 and September 30, 2020 have been received.

 

(d)            Lien
Searches. The Administrative Agent shall have received the results of a recent Lien search with respect to each Loan Party
and the Acquired Business, and such search shall reveal no Liens on any of the assets of the Loan Parties except for Liens permitted
by Section 7.3 or discharged on or prior to the Closing Date pursuant to documentation satisfactory to the Administrative
Agent.

 

(e)            Fees.
All costs, fees and expenses required to be paid or reimbursed by the Borrower to the Administrative Agent, the Arrangers and
the Lenders in connection with this Agreement (including the reasonable and documented fees and expenses of legal counsel to the
Administrative Agent) and all costs, fees and expenses required to be paid or reimbursed by the Borrower pursuant to the letter
agreements entered into with the Administrative Agent (including the Upfront Fee Letter) and the Arrangers shall have been paid
or shall have been authorized to be deducted from the proceeds of the initial extensions of credit under this Agreement to the
extent due and invoiced to the Borrower at least three Business Days prior to the date hereof.

 

(f)             Officer’s
Certificate; Good Standing Certificates. The Administrative Agent shall have received (i) a certificate of each Loan
Party, dated the Closing Date, substantially in the form of Exhibit C, with appropriate insertions and attachments, including
(A) the certificate of incorporation, in the case of a Loan Party that is a corporation, and certificate of formation, in
the case of a Loan Party that is a limited liability company, in each case, certified by the relevant authority of the jurisdiction
of organization of such Loan Party as of a recent date, (B) the bylaws, in the case of a Loan Party that is a corporation,
and limited liability company agreement or operating agreement, in the case of a Loan Party that is a limited liability company,
certified as of the Closing Date by its secretary, an assistant secretary or a Responsible Officer as being in full force and
effect without modification or amendment, (C) resolutions of the governing bodies of each Loan Party approving and authorizing
the execution, delivery and performance of Loan Documents to which it is a party, certified as of the Closing Date by its secretary,
an assistant secretary or a Responsible Officer as being in full force and effect without modification or amendment and (D) signature
and incumbency certificates of the Responsible Officers of each Loan Party executing the Loan Documents to which it is a party,
and (ii) a long form good standing certificate for each Loan Party from its jurisdiction of organization.

 

    99

     

    

 

(g)           Legal
Opinions. The Administrative Agent shall have received the executed legal opinions of Sullivan & Cromwell LLP, New
York counsel to the Borrower and its Restricted Subsidiaries and certain other local counsel to the Borrower and its Restricted
Subsidiaries, as reasonably requested by the Administrative Agent, each in form and substance reasonably acceptable to the Administrative
Agent.

 

(h)          Pledged
Stock; Stock Powers; Pledged Notes. Subject to the last paragraph of this Section 5.1 and to Section 6.9(a), the
Term Loan Administrative Agent shall have received (i) the certificates (if any) representing the shares of Capital Stock
pledged pursuant to the Guarantee and Collateral Agreement, together with an undated endorsement for each such certificate executed
in blank by a duly authorized officer of the pledgor thereof and (ii) each promissory note (if any) pledged to the Administrative
Agent pursuant to the Guarantee and Collateral Agreement endorsed (without recourse) in blank (or accompanied by an executed transfer
form in blank) by the pledgor thereof.

 

(i)         Filings,
Registrations and Recordings. Subject to the last paragraph of this Section 5.1 and to Section 6.9(a), each document
(including any Uniform Commercial Code financing statement) required by the Security Documents or under law or reasonably requested
by the Administrative Agent to be filed, registered or recorded in order to create in favor of the Administrative Agent, for the
benefit of the Secured Parties, a perfected Lien on the Collateral described therein, prior and superior in right to any other
Person (other than with respect to Liens expressly permitted by Section 7.3), shall be in proper form for filing, registration
or recordation.

 

(j)             Officer’s
Certificate. The Administrative Agent shall have received a certificate of the Borrower, dated the Closing Date certifying
that the conditions in Section 5.1(n), 5.2(a), Section 5.2(b) have been met.

 

(k)            Solvency
Certificate. The Administrative Agent shall have received a solvency certificate from a Responsible Officer in the form of
Exhibit L.

 

(l)             [Reserved].

 

(m)        Patriot
Act. The Administrative Agent shall have received, at least three Business Days prior to the Closing Date, all documentation
and other customary information about any Loan Party to the extent reasonable and customary and requested by the Administrative
Agent in writing at least 10 Business Days prior to the Closing Date that is reasonably required by United States bank regulatory
authorities under applicable “know your customer”, beneficial ownership and anti-money laundering rules and regulations,
including the Patriot Act.

 

    100

     

    

 

(n)            Representations
and Warranties. The Specified Acquisition Agreement Representations with respect to the Acima Acquisition shall be true and
correct in all respects to the extent required by the definition thereof.

 

(o)            Field
Examination and Appraisal. The Administrative Agent shall have received an appraisal of the Rental Agreement Portfolio of
the Acquired Business from a firm (or firms) satisfactory to the Administrative Agent, which appraisal(s) shall be reasonably
satisfactory to the Administrative Agent in its Permitted Discretion (and the Administrative Agent hereby confirms that it has
received such appraisal).

 

(p)            Borrowing
Base Certificate. The Administrative Agent shall have received a Borrowing Base Certificate, dated as of the Closing Date
and giving pro forma effect to the Transactions and the rental agreements of the Acquired Business to be included in the Borrowing
Base as Eligible Rental Agreements, and including the other information required by Section 6.2(g) and otherwise in
form and substance reasonably satisfactory to the Administrative Agent.

 

(q)            [Reserved].

 

(r)            Debt
Repayment/Funded Debt. The Debt Repayment shall have occurred, or substantially simultaneously with the initial funding of
the Loans and issuances of Letters of Credit on the Closing Date hereunder shall occur, and immediately following consummation
of the Transactions, neither the Borrower nor any of the Restricted Subsidiaries shall have any outstanding Indebtedness other
than Indebtedness outstanding under this Agreement and other Indebtedness permitted pursuant to this Agreement.

 

(s)            Availability.
No more than $200,000,000 of funded debt (excluding, for the avoidance of doubt, undrawn and cash collateralized letters of credit)
may be outstanding under this Agreement on the Closing Date after giving effect to the Transactions.

 

For the purpose of determining
compliance with the conditions specified in this Section 5.1, each Lender that has signed this Agreement shall be deemed
to have accepted, and to be satisfied with, each document or other matter required under this Section 5.1 unless the Administrative
Agent shall have received written notice from such Lender prior to the proposed Closing Date specifying its objection thereto.

 

Notwithstanding the
foregoing, to the extent that any security interest in the Collateral (other than (x) the delivery of certificates evidencing
equity interests for the Subsidiary Guarantors (other than, in the case of the Acquired Business, with respect to any such certificate
that has not been made available to the Borrower at least three Business Days prior to the Closing Date, to the extent the Borrower
has used commercially reasonable efforts to procure delivery thereof) or (y) any Collateral the security interest in which
may be perfected by the filing of a UCC financing statement for entities organized in the United States) is not or cannot be granted,
provided or perfected on the Closing Date after the Borrower’s use of commercially reasonable efforts to do so or without
undue burden or expense, then the provision and/or perfection of security interests in such Collateral shall not constitute a
condition precedent to this Agreement or any extension of credit on the Closing Date, but shall be required to be granted, delivered
and/or perfected as required pursuant to Section 6.9(a).

 

    101

     

    

 

5.2         Conditions
to Each Extension of Credit. The agreement of each Lender to make available Revolving Loans (excluding any continuation or
conversion thereof) and to issue Letters of Credit requested to be made by it on any date (including, for the avoidance of doubt,
the making of its Commitments and the making of its initial extension of credit on the Closing Date, but excluding any Protective
Advance) is subject to the satisfaction or waiver in accordance with the terms hereof, prior to or concurrently with the making
of such Revolving Loans or the issuance of such Letters of Credit, of the following conditions precedent:

 

(a)           Representations
and Warranties. Each of the representations and warranties made by any Loan Party in or pursuant to the Loan Documents shall
be true and correct in all material respects (or in all respects if qualified by materiality) on and as of such date as if made
on and as of such date, except to the extent expressly made as of an earlier date, in which case such representations and warranties
shall have been so true and correct as of such earlier date.

 

(b)            No
Default. No Default or Event of Default shall have occurred and be continuing at the time of or immediately after giving effect
to the making of such Revolving Loans or the issuance of such Letters of Credit.

 

Each
borrowing of Revolving Loans (excluding any continuation or conversion thereof) by, and issuance of a Letter of Credit on behalf
of, the Borrower hereunder (other than the initial extensions of credit on the Closing Date and other than with respect to a Protective
Advance), shall constitute a representation and warranty by the Borrower at the time of the borrowing of such Revolving Loans
or the issuance of such Letters of Credit that the conditions contained in this Section 5.2 have been satisfied or waived
in accordance with the terms hereof.

 

SECTION 6.  AFFIRMATIVE
COVENANTS

 

The Borrower hereby
agrees that, so long as the Commitments remain in effect, any Letter of Credit remains outstanding or any Loan or other amount
is owing to any Lender or the Administrative Agent hereunder (other than contingent obligations and expense reimbursement not
yet due and payable, Banking Services Obligations and Secured Swap Obligations), the Borrower shall and, in the case of Sections
6.3 through 6.8, 6.10, 6.13 and 6.14, shall cause each of its Restricted Subsidiaries to and, in the case of Section 6.12,
shall cause each of its Domestic Subsidiaries to:

 

6.1            Financial
Statements. Furnish to the Administrative Agent, on behalf of each Lender:

 

    102

     

    

 

(a)           as
soon as available, but in any event within 90 days after the end of each fiscal year of the Borrower, a copy of the audited consolidated
balance sheet of the Borrower and its consolidated Subsidiaries as at the end of such year and the related audited consolidated
statements of income, stockholders’ equity and cash flows for such year (together with, in all cases, customary management
discussion and analysis), setting forth in each case in comparative form the figures for the previous year, reported on without
a “going concern” or like qualification or exception (other than any qualification or exception that is expressed
solely with respect to, or resulting solely from, (i) an upcoming maturity date under any Indebtedness or (ii) any actual
or potential inability to satisfy a financial maintenance covenant at such time or on a future date or in a future period), or
qualification arising out of the scope of the audit, by Ernst & Young LLP or other independent certified public accountants
of nationally recognized standing;

 

(b)            as
soon as available, but in any event not later than 45 days after the end of each of the first three quarterly periods of each
fiscal year of the Borrower, the unaudited consolidated balance sheet of the Borrower and its consolidated Subsidiaries as at
the end of such quarter and the related unaudited consolidated statements of income, stockholders’ equity and cash flows
for such quarter and/or the portion of the fiscal year through the end of such quarter (together with, in all cases, customary
management discussion and analysis), setting forth in each case in comparative form the figures for the corresponding period or
periods of the previous fiscal year (or, in the case of the balance sheet, as of the end of the previous fiscal year), certified
by a Responsible Officer as being fairly stated in all material respects (subject to normal year-end audit adjustments and the
absence of footnotes);

 

(c)            as
soon as available, but in any event not later than 30 days after the end of each calendar month of the Borrower (other than, with
respect to the following clause (i), (A) the third, sixth, ninth and twelfth months of each calendar year and (B) any
month that does not end during a Monthly Financial Statement Period), (i) the unaudited consolidated balance sheet of the
Borrower and its consolidated Subsidiaries as at the end of such month and the related unaudited consolidated statements of income
and cash flows for such month and the portion of the fiscal year through the end of such month, setting forth in each case in
comparative form the figures for the comparable period in the previous year, certified by a Responsible Officer as being fairly
stated in all material respects (subject to normal year-end audit adjustments and the absence of footnotes) and (ii) a Collateral
Monitoring Template; and

 

(d)           if
any Unrestricted Subsidiary exists, concurrently with each delivery of financial statements under clause (a), (b) or
(c)(i) above, financial statements (in substantially the same form as the financial statements delivered pursuant to clause
(a), (b) or (c)(i) above, as applicable) prepared on the basis of consolidating the accounts of the Borrower and its
Restricted Subsidiaries and treating any Unrestricted Subsidiaries as if they were not consolidated with the Borrower, together
with an explanation of reconciliation adjustments in reasonable detail.

 

All such financial
statements shall be complete and correct in all material respects and shall be prepared in reasonable detail and in accordance
with GAAP applied (except as approved by such accountants or officer, as the case may be, and disclosed in reasonable detail therein)
consistently throughout the periods reflected therein and with prior periods.

 

    103

     

    

 

Documents required to
be delivered pursuant to Section 6.1(a), (b) or (c)(i) or Section 6.2(b), (c) or (e) may be delivered
electronically and if so delivered, shall be deemed to have been delivered on the date on which (i) such documents are posted
on the Borrower’s behalf on IntraLinks/IntraAgency or another relevant Internet or intranet website, if any, to which each
Lender and the Administrative Agent have access (whether a commercial, third-party website or whether sponsored by the Administrative
Agent or (ii) such documents are filed of record with the SEC; provided that, upon written request by the Administrative
Agent, the Borrower shall deliver paper copies of such documents to the Administrative Agent for further distribution to each
Lender until a written request to cease delivering paper copies is given by the Administrative Agent. The Administrative Agent
shall have no obligation to request the delivery of or to maintain or deliver to Lenders paper copies of the documents referred
to above, and in any event shall have no responsibility to monitor compliance by the Borrower with any such request for delivery,
and each Lender shall be solely responsible for timely accessing posted documents or requesting delivery of paper copies of such
documents from the Administrative Agent and maintaining its copies of such documents.

 

6.2            Certificates;
Borrowing Base; Other Information. Furnish to the Administrative Agent, on behalf of each Lender:

 

(a)            [reserved];

 

(b)            concurrently
with the delivery of any financial statements pursuant to Sections 6.1(a) and 6.1(b), (i) a Compliance Certificate executed
by a Responsible Officer, which Compliance Certificate shall (x) include a statement that such Responsible Officer has obtained
no knowledge of any Default or Event of Default except as specified in such certificate, (y) in the case of quarterly or
annual financial statements, set forth, in reasonable detail, the calculation of the Consolidated Fixed Charge Coverage Ratio
for the Reference Period ending as of the last day of the fiscal year or fiscal quarter for which financial statements are being
delivered pursuant to Section 6.1 and (ii) in the case of quarterly or annual financial statements, to the extent not
previously disclosed to the Administrative Agent, a description of any change in the jurisdiction of organization of any Loan
Party;

 

(c)            as
soon as available, and in any event no later than 90 days after the end of each fiscal year of the Borrower, a detailed consolidated
budget for the following fiscal year (including a projected consolidated balance sheet of the Borrower and its Restricted Subsidiaries
as of the end of the following fiscal year, the related consolidated statements of projected cash flow and projected income and
a description of the underlying assumptions applicable thereto) (collectively, the “Projections”), which Projections
shall in each case be accompanied by a certificate of a Responsible Officer stating that such Projections are based on reasonable
estimates, information and assumptions at the time made, it being understood that such Projections as they relate to future events
are not to be viewed as fact and that actual results during the period or periods covered by such Projections may differ from
the projected results set forth therein and such difference may be material;

 

(d)            [Reserved];

 

    104

     

    

 

(e)            promptly
after the same are sent, copies of all financial statements and reports that the Borrower sends to the holders of any class of
its public debt securities or public equity securities and, promptly after the same are filed, copies of all financial statements
and reports that the Borrower may make to, or file with, the SEC;

 

(f)            promptly
following receipt thereof, copies of (i) any documents described in Section 101(k) or 101(l) of ERISA that
any Group Member or any ERISA Affiliate may request with respect to any Multiemployer Plan or any documents described in Section 101(f) of
ERISA that any Group Member or any ERISA Affiliate may request with respect to any Pension Plan; provided, that if the
relevant Group Members or ERISA Affiliates have not requested such documents or notices from the administrator or sponsor of the
applicable Multiemployer Plans, then, upon reasonable request of the Administrative Agent, such Group Member or the ERISA Affiliate
shall promptly make a request for such documents or notices from such administrator or sponsor and the Borrower shall provide
copies of such documents and notices to the Administrative Agent promptly after receipt thereof;

 

(g)           as
soon as available but in any event within 30 calendar days of the end of each calendar month (or within five Business Days of
the end of each week during a Weekly Borrowing Base Period), as of the last day of the period then ended, a Borrowing Base Certificate
together with the information supporting the Borrowing Base calculation required by the Borrowing Base Certificate including:

 

(i)           a
detailed aging of the Loan Parties’ Accounts, including all invoices aged by invoice date and due date, prepared in a manner
reasonably acceptable to the Administrative Agent;

 

(ii)          a
schedule detailing the Loan Parties’ Inventory Held for Rent, in form reasonably satisfactory to the Administrative Agent,
by location (showing Inventory in transit and any Inventory located with a third party under any consignment, bailee arrangement
or warehouse agreement), by product type and by volume on hand, which Inventory shall be valued at the lower of cost (determined
on a first-in, first-out basis) or market and adjusted for Reserves as the Administrative Agent has previously indicated to the
Borrower are deemed by the Administrative Agent to be appropriate;

 

(iii)         a
schedule detailing the Loan Parties’ Eligible Rental Agreements;

 

(iv)         a
worksheet of calculations prepared by the Borrower to determine Eligible Installment Sale Accounts, Eligible Inventory Held for
Rent and Eligible Rental Agreements, such worksheets detailing the Accounts, Inventory and rental agreements excluded from
Eligible Installment Sale Accounts, Eligible Inventory Held for Rent and Eligible Rental Agreements and the reason for such exclusion;

 

(v)          a
reconciliation of the Borrower’s Eligible Installment Sale Accounts, Eligible Inventory Held for Rent and Eligible Rental
Agreements between the amounts shown in the Borrower’s general ledger and financial statements and the reports delivered
pursuant to clauses (i), (ii) and (iii) above; and

 

    105

     

    

 

(vi)          a
reconciliation of the loan balance per the Borrower’s general ledger to the loan balance under this Agreement;

 

(h)          [Reserved];

 

(i)           prior
to any (i) Disposition (in one transaction or a series of related transactions) of assets that provide an aggregate amount
in excess of $25,000,000 of value to the Borrowing Base and/or (ii) Disposition of any assets in connection with a Securitization
Transaction, a Borrowing Base Certificate (giving effect to such sale or other disposition) and supporting information in connection
therewith; and

 

(j)           promptly,
such (x) additional financial and other customary information as the Administrative Agent (or any Lender 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”, beneficial ownership and anti-money
laundering rules and regulations, including the Patriot Act.

 

6.3          Payment
of Taxes. Pay, discharge or otherwise satisfy as they become due or before they become delinquent, as the case may be, all
its material obligations in respect of Taxes, except where (a) the amount or validity thereof is currently being contested
in good faith by appropriate proceedings and reserves to the extent required by GAAP with respect thereto have been provided on
the books of the relevant Group Member or (b) the failure to make such payments, individually or in the aggregate, would
not reasonably be expected to have a Material Adverse Effect.

 

6.4          Maintenance
of Existence; Compliance. (a)(i) Preserve, renew and keep in full force and effect its organizational existence and (ii) take
all reasonable action to maintain all rights, privileges and franchises necessary in the normal conduct of its business, except,
in each case, as otherwise permitted by Section 7.4 and except, in the case of clause (ii) above, to the extent that
failure to do so would not reasonably be expected to have a Material Adverse Effect; (b) comply with all Requirements of
Law except to the extent that failure to comply therewith would not, in the aggregate, reasonably be expected to have a Material
Adverse Effect; and (c) maintain in effect and enforce policies and procedures designed to ensure material compliance by
the Borrower, its Subsidiaries and their respective directors, officers, employees and agents with Anti-Corruption Laws and applicable
Sanctions.

 

6.5          Maintenance
of Insurance. (a)  Maintain, with financially sound and reputable insurance companies (after giving effect to self-insurance),
insurance in such amounts and against such risks as are customarily maintained by companies engaged in the same or similar businesses
operating in the same or similar locations and (b) use commercially reasonable efforts to cause all insurance policies or
certificates, as requested by the Administrative Agent, to be endorsed to the benefit of the Administrative Agent (including by
naming the Administrative Agent as lender loss payee and/or additional insured).

 

    106

     

    

 

6.6           Books
and Records; Inspection of Property; Discussions; Appraisals; Field Examinations. (a)(i)  Keep proper books of records
and account in which full, true and correct (in all material respects) entries in conformity with GAAP (other than for Foreign
Subsidiaries, in which case the applicable accounting standard shall be the accounting standard used in such Foreign Subsidiary’s
jurisdiction) and all Requirements of Law shall be made of all dealings and transactions in relation to its business and activities
and (ii) upon reasonable prior notice and subject to the provisions of Section 10.15, permit representatives of the
Administrative Agent or any Lender to visit and inspect any of its properties and examine and make abstracts from any of its books
and records at any reasonable time and as often as may reasonably be desired and to discuss the business, operations, properties
and financial and other condition of the Group Members with officers and employees of the Group Members and, accompanied by one
or more officers or designees of the Borrower if requested by the Borrower, with their independent certified public accountants;
provided that excluding any such visits and inspections during the continuation of an Event of Default (x) only the
Administrative Agent, acting individually or on behalf of the Lenders may exercise rights under this Section 6.6(a) and
(y) the Administrative Agent shall not exercise rights under this Section 6.6(a) more often than one time during
any calendar year.

 

(b)           No
more than once in each twelve month period, at the request of the Administrative Agent, the Loan Parties will cooperate with an
appraiser selected and engaged by the Administrative Agent (after consultation with the Borrower) to provide Inventory and Rental
Agreement Portfolio appraisals or updates thereof, prepared on a basis reasonably satisfactory to the Administrative Agent, such
appraisals and updates to include information required by applicable law and regulations; provided that (i) if a Specified
Event of Default has occurred and is continuing, there shall be no limitation on the number or frequency of such appraisals and
(ii) if Availability is less than the greater of $60,000,000 or 15% of the Line Cap for a period of five consecutive Business
Days, the Loan Parties will cooperate with the Administrative Agent to provide one additional Inventory appraisal and one additional
Rental Agreement Portfolio appraisal (each at the request of the Administrative Agent) during the twelve month period commencing
with any month during which clause (ii) is triggered. For purposes of this Section 6.6(b), it is understood and agreed
that a single appraisal may consist of appraisals conducted at multiple relevant sites and involve one or more relevant Loan Parties
and their assets. All such appraisals shall be commenced upon reasonable prior written notice to the Borrower and performed during
normal business hours of the Loan Parties and in a manner such as not to disrupt the normal operation of the Loan Parties’
business, and all reasonable and documented out-of-pocket costs of such appraisals shall be at the sole expense of the Loan Parties.

 

(c)           No
more than once in each twelve month period, at the request of the Administrative Agent, the Loan Parties will permit, upon reasonable
prior written notice, the Administrative Agent or its designee to conduct a field examination to ensure the adequacy of Collateral
included in any Borrowing Base and related reporting and control systems; provided that (i) if a Specified Event of
Default has occurred and is continuing, there shall be no limitation on the number or frequency of such field examinations and
(ii) if Availability is less than the greater of $60,000,000 or 15% of the Line Cap for a period of five consecutive Business
Days, the Loan Parties will permit the Administrative Agent to conduct one additional such examination (at the request of the
Administrative Agent) during the twelve month period commencing with any month during which clause (ii) above is triggered.
For purposes of this Section 6.6(c), it is understood and agreed that (i) a single field examination may be conducted
at multiple relevant sites and involve one or more relevant Loan Parties and their assets and (ii) the Administrative Agent
shall use commercially reasonable efforts to coordinate any such field exams. All such field examinations shall be commenced upon
reasonable prior written notice to the Borrower and performed during normal business hours of the Loan Parties and in a manner
such as not to disrupt the normal operations of the Loan Parties’ business, and all reasonable and documented out-of-pocket
costs of such field examinations shall be at the sole expense of the Loan Parties.

 

    107

     

    

 

6.7           Notices.
Promptly give notice to the Administrative Agent, on behalf of each Lender, of:

 

(a)           the
occurrence of any Default or Event of Default;

 

(b)           any
litigation, investigation or proceeding that may exist at any time between any Group Member and any Governmental Authority that,
in each case, has a reasonable probability of not being cured or of being adversely determined and that, if not cured or if adversely
determined, as the case may be, would reasonably be expected to have a Material Adverse Effect;

 

(c)           any
litigation or proceeding affecting the Borrower or any of its Restricted Subsidiaries in which injunctive or similar relief is
sought which has a reasonable probability of being determined adversely and if adversely determined would reasonably be expected
to be granted and which, if granted, would reasonably be expected to have a Material Adverse Effect;

 

(d)           (i) 
as soon as reasonably possible upon becoming aware of the occurrence of or forthcoming occurrence of any material ERISA Event,
a written notice specifying the nature thereof, what action the Borrower, any of the other Group Members or any of their respective
ERISA Affiliates has taken, is taking or proposes to take with respect thereto and, when known, any action taken or threatened
by the IRS, the Department of Labor or the PBGC with respect thereto; and (ii) with reasonable promptness, upon the Administrative
Agent’s reasonable request, copies of (A) each Schedule SB (Actuarial Information) to the annual report (Form 5500
Series) filed by the Borrower, any of the other Group Members or any of their respective ERISA Affiliates with the IRS with respect
to each Pension Plan; (B) all notices received by the Borrower, any of the other Group Members or any of their respective
ERISA Affiliates from a Multiemployer Plan sponsor concerning a material ERISA Event; and (C) copies of such other documents
or governmental reports or filings relating to any Plan or Pension Plan as the Administrative Agent shall reasonably request;
and

 

(e)           any
other development or event that has had or would reasonably be expected to have a Material Adverse Effect.

 

Each notice pursuant
to this Section 6.7 shall be accompanied by a statement of a Responsible Officer setting forth details of the occurrence
referred to therein and stating what action the relevant Group Member proposes to take with respect thereto.

 

6.8           Environmental
Laws. (a)  Comply with, and ensure compliance by all tenants, subtenants, contractors, subcontractors, and invitees,
if any, with, all applicable Environmental Laws, and obtain and comply with and maintain, and ensure that all tenants, subtenants,
contractors, subcontractors, and invitees obtain and comply with and maintain, any and all Environmental Permits (with respect
to tenants, subtenants, contractors, and invitees, the foregoing applies to their presence and conduct on, affecting or relating
to any property of the Borrower or any of its Restricted Subsidiaries). It being understood that any noncompliance with this Section 6.8(a) shall
be deemed not to constitute a breach of this covenant provided that, upon learning of any actual or suspected noncompliance, the
Borrower shall promptly undertake all reasonable efforts to achieve compliance, and provided further that, in any case, such noncompliance,
and any other noncompliance with Environmental Law, individually or in the aggregate, would not reasonably be expected to have
a Material Adverse Effect.

 

    108

     

    

 

(b)           Promptly
comply with all orders and directives of all Governmental Authorities regarding Environmental Laws, other than such orders and
directives as to which an appeal has been timely and properly taken in good faith, and provided that the pendency of any
and all such appeals would not reasonably be expected to give rise to a Material Adverse Effect.

 

6.9           Post-Closing
Actions.

 

(a)           To
the extent that in accordance with the last paragraph of Section 5.1, any security interest in the Collateral is not granted,
provided or perfected on the Closing Date, then (i) with respect to any certificate evidencing Capital Stock of the Acquired
Business that was not made available to the Borrower at least three Business Days prior to the Closing Date, such certificate
(together with an undated endorsement for such certificate executed in blank by a duly authorized officer of the pledgor thereof)
shall be delivered to the Term Loan Administrative Agent within ten (10) Business Days after the Closing Date (or such later
date as the Term Loan Administrative Agent may have agreed, such consent not to be unreasonably withheld, conditioned or delayed),
(ii)  with respect to any deposit account maintained by a Loan Party on the Closing Date, within sixty (60) days following
the Closing Date, the Loan Parties shall deliver to the Administrative Agent any Deposit Account Control Agreement required to
be delivered pursuant to the Guarantee and Collateral Agreement in form and substance reasonably satisfactory to the Administrative
Agent and (iii) with respect to any other Collateral, the provision and/or perfection of security interests in such Collateral
to the extent required by the Guarantee and Collateral Agreement shall be granted, delivered and/or perfected within 90 days after
the Closing Date (in each case, subject to extensions to be reasonably agreed upon by the Administrative Agent).

 

(b)           Within
thirty (30) days following the Closing Date (or such later date as the Administrative Agent may agree in its sole discretion),
the Borrower deliver insurance certificates with respect to Inventory satisfying the requirements of Section 6.5.

 

6.10         Additional
Collateral, etc. (a)  With respect to any property acquired after the Closing Date by any Loan Party (other
than (A) any property described in paragraph (b) or (c) below, (B) any property subject to a Lien expressly
permitted by Section 7.3(g), (C) so long as the Fixed Obligations Payment Date has not occurred, any Fixed Asset Priority
Collateral as to which the Controlling Fixed Asset Representative determines, in its reasonable discretion and in consultation
with the Borrower, that the cost of obtaining a security interest therein is excessive in relation to the value of the security
to be afforded thereby and (D) any property as to which the Administrative Agent determines, in its reasonable discretion
and in consultation with the Borrower, that the cost of obtaining a security interest therein is excessive in relation to the
value of the security to be afforded thereby, (E) any property that is Excluded Property (as defined in the Guarantee and
Collateral Agreement) and (F) any real property)) as to which the Administrative Agent, for the benefit of the Secured Parties,
does not have a perfected Lien, promptly (i) execute and deliver to the Administrative Agent such amendments to the Guarantee
and Collateral Agreement or such other documents as the Administrative Agent deems necessary or reasonably advisable to grant
to the Administrative Agent, for the benefit of the Secured Parties, a security interest in such property and (ii) take all
actions necessary or reasonably advisable to grant to the Administrative Agent, for the benefit of the Secured Parties, a perfected
security interest in any such property (with the priority required by the Intercreditor Agreement), including the filing of Uniform
Commercial Code financing statements in such jurisdictions as may be required by the Guarantee and Collateral Agreement or by
law or as may be reasonably requested by the Administrative Agent.

 

    109

     

    

 

(b)           With
respect to any new Domestic Subsidiary (other than any Excluded Subsidiary) created or acquired after the Closing Date by any
Loan Party (which, for the purposes of this paragraph (c), shall include (1) any existing Subsidiary that becomes a Domestic
Subsidiary that is not an Excluded Subsidiary and (2) any existing Domestic Subsidiary that ceases to be an Excluded Subsidiary)
within thirty (30) days after the creation or acquisition of such new Domestic Subsidiary (or such later date as the Administrative
Agent shall agree to in its reasonable discretion) (i) execute and deliver to the Administrative Agent such amendments to
the Guarantee and Collateral Agreement as the Administrative Agent deems necessary or reasonably advisable to grant to the Administrative
Agent, for the benefit of the Secured Parties, a perfected security interest with the priority required by the Intercreditor Agreement
in the Capital Stock of such new Subsidiary that is owned by any Loan Party, (ii) subject to the Intercreditor Agreement,
deliver to the Administrative Agent the certificates, if any, representing such Capital Stock, together with undated endorsements,
in blank, executed and delivered by a duly authorized officer of the relevant Loan Party and (iii) cause such new Subsidiary
(A) to become a party to the Guarantee and Collateral Agreement, (B) to take such actions necessary or reasonably advisable
to grant to the Administrative Agent for the benefit of the Secured Parties a perfected security interest with the priority required
by the Intercreditor Agreement in the Collateral described in the Guarantee and Collateral Agreement with respect to such new
Subsidiary, including the filing of Uniform Commercial Code financing statements in such jurisdictions as may be required by the
Guarantee and Collateral Agreement or by law or as may be reasonably requested by the Administrative Agent and (C) subject
to the Intercreditor Agreement, to deliver to the Administrative Agent a certificate of such Subsidiary, substantially in the
form of Exhibit C, with appropriate insertions and attachments.

 

(c)           With
respect to any new CFC Holding Company or Foreign Subsidiary created or acquired after the Closing Date by any Loan Party (which,
for the purposes of this paragraph (d), shall include any existing Subsidiary that becomes a CFC Holding Company or a Foreign
Subsidiary), within sixty (60) days after the creation or acquisition of such new CFC Holding Company or Foreign Subsidiary (or
such later date as the Administrative Agent shall agree to in its reasonable discretion) (i) execute and deliver to the Administrative
Agent such amendments to the Guarantee and Collateral Agreement as the Administrative Agent deems necessary or reasonably advisable
to grant to the Administrative Agent, for the benefit of the Secured Parties, a perfected security interest with the priority
required by the Intercreditor Agreement in the Capital Stock of such CFC Holding Company or Foreign Subsidiary that is owned by
any such Loan Party (provided that in no event shall more than 65% of the total outstanding voting Capital Stock of any
such CFC Holding Company or Foreign Subsidiary be required to be so pledged), (ii) subject to the Intercreditor Agreement,
deliver to the Administrative Agent the certificates, if any, representing such pledged Capital Stock, together with undated stock
powers, in blank, executed and delivered by a duly authorized officer of the relevant Loan Party and take such other action as
the Administrative Agent deems necessary or reasonably advisable to perfect the Administrative Agent’s security interest
therein.

 

    110

     

    

 

6.11        Designation
of Subsidiaries. The Borrower may at any time after the Closing Date designate any Restricted Subsidiary as an Unrestricted
Subsidiary or any Unrestricted Subsidiary as a Restricted Subsidiary by delivering to the Administrative Agent a certificate of
a Responsible Officer specifying such designation and certifying that the conditions to such designation set forth in this Section 6.11
are satisfied; provided that:

 

(a)          both
immediately before and immediately after any such designation, no Event of Default shall have occurred and be continuing;

 

(b)          in
the case of a designation of a Restricted Subsidiary as an Unrestricted Subsidiary, the pro forma Consolidated Leverage Ratio
for the Applicable Reference Period, calculated on a Pro Forma Basis, is no greater than 3.00 to 1.00;

 

(c)          in
the case of a designation of a Restricted Subsidiary as an Unrestricted Subsidiary, each Subsidiary of such Subsidiary has been,
or concurrently therewith will be, designated as an Unrestricted Subsidiary in accordance with this Section 6.11;

 

(d)          in
the case of a designation of a Restricted Subsidiary as an Unrestricted Subsidiary, such Subsidiary shall substantially simultaneously
be designated as an “Unrestricted Subsidiary” under the Term Loan Credit Agreement and the Unsecured Notes Indenture
(and, to the extent applicable, any other agreement governing Permitted Refinancing Indebtedness in respect of the Term Loans
or the Unsecured Notes) and in the case of a designation of an Unrestricted Subsidiary as a Restricted Subsidiary, such Subsidiary
shall substantially simultaneously be designated as a “Restricted Subsidiary” under the Term Loan Credit Agreement
and the Unsecured Notes Indenture (and, to the extent applicable, any other agreement governing Permitted Refinancing Indebtedness
in respect of the Term Loans or the Unsecured Notes).

 

The designation
of any Restricted Subsidiary as an Unrestricted Subsidiary shall constitute an Investment by the Borrower in such Subsidiary on
the date of designation in an amount equal to the fair market value of the Borrower’s Investment therein (as determined
reasonably and in good faith by a Responsible Officer). The designation of any Unrestricted Subsidiary as a Restricted Subsidiary
shall constitute the incurrence at the time of designation of any Investment, Indebtedness or Liens of such Subsidiary existing
at such time.

 

6.12        Deposit
Account Control Agreements; Controlled Accounts.

 

(a)          With
respect to any new deposit account opened by a Loan Party after the Closing Date or any Excluded Account (as defined in the Guarantee
and Collateral Agreement) that ceases to be an Excluded Account after the Closing Date, (i) give notice to the Administrative
Agent within three (3) Business Days following the opening or change in status of such account (or such longer period as
the Administrative Agent may agree in its reasonable discretion) and (ii) within sixty (60) days (or such longer period as
the Administrative Agent may agree in its reasonable discretion) following the opening of such account, deliver to the Administrative
Agent any Deposit Account Control Agreement required to be delivered pursuant to the Guarantee and Collateral Agreement, in each
case, in form and substance reasonably satisfactory to the Administrative Agent.

 

    111

     

    

 

(b)          Take
all reasonable steps to ensure that (i) all proceeds received in connection with a Disposition by a Loan Party permitted
under Section 7.5(m) are placed into a deposit account that is subject to a Deposit Account Control Agreement, (ii) all
Securitization Residual Interests (to the extent constituting cash) and any cash proceeds of Securitization Residual Interests
are placed into a deposit account that is subject to a Deposit Account Control Agreement and (iii) following the consummation
of a Securitization Transaction, all proceeds received in connection with a Qualified Securitization Transaction by a Securitization
Subsidiary are received in a deposit account that is maintained separately from those of the Borrower and its other Restricted
Subsidiaries in a manner that is acceptable to the Administrative Agent in its Permitted Discretion.

 

6.13        Rental
and Sales Agreements.

 

(a)          Unless
Section 6.13(b) applies, (i) any rental agreements entered into by a Loan Party with a customer of such Loan Party
and any installment sales agreements entered into by a Loan Party with a customer of such Loan Party (the foregoing agreements,
the “Subject Agreements”) shall be held by the Loan Parties at one or more locations as directed by the Borrower
and (ii) the Loan Parties shall use commercially reasonable efforts to maintain customary measures consistent with past practice
with respect to access to, and security of, the Subject Agreements.

 

(b)          From
and after the date that is sixty (60) days after the first date on which either (i) Availability is less than the greater
of (A) 20% of the Line Cap and (B) $75,000,000 or (ii) the Administrative Agent notifies the Borrower in its Permitted
Discretion, continuing until the time at which (x) Availability shall have exceeded (A) 35% of the Line Cap and (B) $131,250,000
for a period of sixty (60) consecutive days and (y) the Administrative Agent no longer deems necessary in its Permitted Discretion
to hold Subject Agreements, any Subject Agreements shall be promptly delivered to either (I) the Specified Administrative
Agent Location or (II) to the Administrative Agent (or a designee thereof), and if so delivered to the Administrative Agent
(or a designee thereof), duly indorsed in a manner reasonably satisfactory to the Administrative Agent.

 

(c)          The
Loan Parties shall ensure that all Subject Agreements entered into following the Closing Date bear the following legend: “This
writing and the obligations evidenced hereby are subject to the security interest of JPMorgan Chase Bank, N.A., as Administrative
Agent”.

 

    112

     

    

 

(d)          (i) The
provisions of clauses (a) and (b) of this Section 6.13 shall cease to be of further force and effect upon the date
that is one year after the occurrence of the Electronic Chattel Paper Control System Implementation Date (the “ECP Fallaway
Date”). (ii)  After the occurrence of the ECP Fallaway Date, from and after the date that is sixty (60) days after
the first date on which the Administrative Agent notifies the Borrower in its Permitted Discretion, continuing until the time
at which the Administrative Agent no longer deems necessary in its Permitted Discretion to hold Subject Agreements that are not
in the form of Electronic Chattel Paper, any Subject Agreements that are not in the form of Electronic Chattel Paper shall be
promptly delivered to either (A) the Specified Administrative Agent Location or (B) to the Administrative Agent (or
a designee thereof), and if so delivered to the Administrative Agent (or a designee thereof), duly indorsed in a manner reasonably
satisfactory to the Administrative Agent.

 

(e)           At
all times after the occurrence of the Electronic Chattel Paper Control System Implementation Date, (i) ensure that the Administrative
Agent shall have “control” (as defined in and provided for in the New York Uniform Commercial Code) over all Subject
Agreements in the form of Electronic Chattel Paper pursuant to the system described in the definition of Electronic Chattel Paper
Control System Implementation Date, (ii) maintain customary measures with respect to access to, and security of, all Subject
Agreements in the form of Electronic Chattel Paper and the system described in the definition of Electronic Chattel Paper Control
System Implementation Date and (iii) provide the Administrative Agent with audits and third party security assurances with
respect to the foregoing requested by the Administrative Agent in its reasonable discretion. It is understood and agreed that
provisions and procedures in respect of the foregoing may be evidenced by separate agreement signed by the Administrative Agent
(acting in its Permitted Discretion) and the Borrower.

 

6.14        Electronic
Chattel Paper Control System Implementation Date. Use reasonable best efforts to provide such information and take such actions
as may be reasonably requested by the Administrative Agent in order to cause the Electronic Chattel Paper Control System Implementation
Date to occur as soon as reasonably practical after the Closing Date.

 

SECTION 7.  NEGATIVE
COVENANTS

 

The Borrower hereby
agrees that, so long as the Commitments remain in effect, any Letter of Credit remains outstanding or any Loan or other amount
is owing to any Lender or the Administrative Agent hereunder (other than contingent obligations and expense reimbursement not
yet due and payable, Banking Services Obligations and Secured Swap Obligations), the Borrower shall not, and shall not permit
any of its Restricted Subsidiaries to, directly or indirectly:

 

7.1          Consolidated
Fixed Charge Coverage Ratio. During any period commencing on a date (each a “Commencement Date”) (a) on
which a Specified Event of Default has occurred and is continuing or (b) on which Availability is less than or equal to the
greater of (i) 15% of the Line Cap and (ii) $56,250,000, and continuing until the first succeeding date on which (A) no
Specified Event of Default shall be continuing and (B) Availability shall have exceeded each threshold set forth in clause
(b) for at least 30 consecutive days, permit the Consolidated Fixed Charge Coverage Ratio for the Applicable Reference Period
in effect at any such time (including, for the avoidance of doubt, the Applicable Reference Period in effect on the applicable
Commencement Date) to be less than 1.10 to 1.00.

 

    113

     

    

 

7.2          Indebtedness.
Create, issue, incur, assume, become liable in respect of or suffer to exist any Indebtedness, except:

 

(a)          Indebtedness
of any Loan Party under this Agreement;

 

(b)          Indebtedness
of the Loan Parties under the Term Loan Credit Agreement (and any Permitted Refinancing Indebtedness in respect thereof) in an
aggregate amount not to exceed (i) $875,000,000, plus (ii) the Base Incremental Amount plus (iii) the
Voluntary Prepayment Amount plus (iv) the Maximum Term Loan Incremental Amount;

 

(c)          Indebtedness
of the Borrower or any Restricted Subsidiary owing to the Borrower or any Restricted Subsidiary; provided that (i) any
Indebtedness of any Loan Party shall be unsecured and shall be subordinated in right of payment to the Obligations on terms customary
for intercompany subordinated Indebtedness, as reasonably determined by the Administrative Agent and (ii) any such Indebtedness
owing by any Restricted Subsidiary that is not a Loan Party to any Loan Party shall be incurred in compliance with Section 7.7;

 

(d)          Guarantee
Obligations incurred by any Group Member of obligations of any Group Member to the extent such obligations are not prohibited
hereunder; provided that (i) to the extent any such obligations are subordinated to the Obligations, any such related
Guarantee Obligations incurred by a Loan Party shall be subordinated to the guarantee of such Loan Party of the Obligations on
terms no less favorable to the Lenders than the subordination provisions of the obligations to which such Guarantee Obligation
relates and (ii) any Guarantee Obligations incurred by any Loan Party of obligations of a Restricted Subsidiary that is not
a Loan Party shall be permitted to the extent the aggregate amount of outstanding Guarantee Obligations incurred pursuant to this
clause (ii) does not exceed $25,000,000;

 

(e)          Indebtedness
outstanding on the Closing Date (provided that Indebtedness in an aggregate principal amount in excess of $5,000,000 shall be
listed on Schedule 7.2(e)) and any Permitted Refinancing Indebtedness in respect thereof;

 

(f)           Indebtedness
of any Group Member incurred to finance the acquisition of fixed or capital assets (and any Permitted Refinancing Indebtedness
in respect thereof) in an aggregate principal amount not to exceed $25,000,000 at any time outstanding;

 

(g)          Indebtedness
representing deferred compensation to employees, officers or directors of the Borrower and its Restricted Subsidiaries incurred
in the ordinary course of business;

 

(h)          Indebtedness
incurred in the ordinary course of business and owed in respect of any overdrafts and related liabilities arising from treasury,
depository and cash management services or in connection with any automated clearing-house transfers of funds;

 

(i)           Indebtedness
arising under any Swap Agreement permitted by Section 7.11;

 

    114

     

    

 

(j)          Indebtedness
(other than for borrowed money) that may be deemed to exist pursuant to any guarantees, warranty or contractual service obligations,
performance, surety, statutory, appeal, bid, prepayment guarantee, payment (other than payment of Indebtedness) or completion
of performance guarantees or similar obligations incurred in the ordinary course of business;

 

(k)          Indebtedness
in respect of workers’ compensation claims, payment obligations in connection with health, disability or other types of
social security benefits, unemployment or other insurance obligations, reclamation and statutory obligations, in each case in
the ordinary course of business;

 

(l)           Indebtedness
arising from the honoring by a bank or other financial institution of a check, draft or similar instrument drawn against insufficient
funds, so long as such Indebtedness is covered or extinguished within five Business Days;

 

(m)        Indebtedness
consisting of (i) the financing of insurance premiums or self-insurance obligations or (ii) take-or-pay obligations
contained in supply or similar agreements in each case in the ordinary course of business;

 

(n)          Indebtedness
in the form of purchase price adjustments (including in respect of working capital), earnouts, deferred compensation, indemnification
or other arrangements representing acquisition consideration or deferred payments of a similar nature incurred in connection with
the Acima Acquisition, any Permitted Acquisitions or other Investments permitted under Section 7.7 or Dispositions permitted
under Section 7.5;

 

(o)          (i) Indebtedness
of any Person that becomes a Restricted Subsidiary (or of any Person not previously a Restricted Subsidiary that is merged or
consolidated with or into the Borrower or a Restricted Subsidiary in a transaction permitted hereunder) after the Closing Date,
or Indebtedness of any Person that is assumed by the Borrower or any Restricted Subsidiary in connection with an acquisition of
assets by the Borrower or such Restricted Subsidiary in a Permitted Acquisition; provided that such Indebtedness exists
at the time such Person becomes a Restricted Subsidiary (or is so merged or consolidated) or such assets are acquired and is not
created in contemplation of or in connection with such Person becoming a Restricted Subsidiary (or such merger or consolidation)
or such assets or Capital Stock being acquired and (ii) Permitted Refinancing Indebtedness in respect of such Indebtedness;
provided that after giving effect to the applicable acquisition (or merger or consolidation) or such assumption of Indebtedness,
the Consolidated Leverage Ratio for the Applicable Reference Period, calculated on a Pro Forma Basis as of the date of such acquisition
(or merger or consolidation) or assumption, is equal to or less than either (A) 3.00 to 1.00 or (B) the Consolidated
Leverage Ratio for the Applicable Reference Period, calculated on a Pro Forma Basis immediately prior to such acquisition (or
merger or consolidation) or assumption; provided further that the aggregate principal amount of Indebtedness of Subsidiaries
that are not Loan Parties outstanding under this Section 7.2(o) shall not exceed $20,000,000;

 

    115

     

    

 

(p)         Guarantee
Obligations of the Borrower or any Restricted Subsidiary in respect of Indebtedness of franchisees in an aggregate amount not
to exceed $25,000,000 at any time outstanding;

 

(q)          Indebtedness
of the Borrower and any Restricted Subsidiary to the Insurance Subsidiary in an aggregate principal amount not to exceed $75,000,000
at any time outstanding that cannot be subordinated to the obligations of any Loan Party under the Loan Documents for regulatory
reasons or would cause the carrying value for regulatory valuation purposes to be increased;

 

(r)           Indebtedness
of the Insurance Subsidiary permitted by Section 7.7(v)(i);

 

(s)          Indebtedness
permitted to survive the Closing Date under the terms of the Acima Acquisition Agreement (provided that Indebtedness in
an aggregate principal amount in excess of $2,500,000 shall be listed on Schedule 7.2(s)) and any Permitted Refinancing Indebtedness
in respect thereof;

 

(t)          Term
Loan Incremental Equivalent Debt (and any Permitted Refinancing Indebtedness in respect thereof) in an aggregate amount not to
exceed (x) the Base Incremental Amount plus (y) the Term Loan Voluntary Prepayment Amount plus (z) the
Maximum Term Loan Incremental Amount; provided that immediately prior to and immediately after giving effect to the incurrence
of any Indebtedness under this Section 7.2(t), no Default or Event of Default shall have occurred and be continuing;

 

(u)          (i) Permitted
Unsecured Indebtedness so long as, at the time of incurrence of such Permitted Unsecured Indebtedness, the Consolidated Leverage
Ratio for the Applicable Reference Period, calculated on a Pro Forma Basis as of the date of incurrence thereof, is equal to or
less than either (A) 2.75 to 1.00 or (B) in the case of any such Indebtedness incurred in connection with a Permitted
Acquisition or Investment, the Consolidated Leverage Ratio for the Applicable Reference Period, calculated on a Pro Forma Basis
immediately prior to incurrence of such Permitted Unsecured Indebtedness; provided that (A) immediately prior to and
immediately after giving effect to the incurrence of any Permitted Unsecured Indebtedness under this Section 7.2(u), no Default
or Event of Default shall have occurred and be continuing and (B) the aggregate principal amount of Permitted Unsecured Indebtedness
of Restricted Subsidiaries that are not Loan Parties outstanding under this Section 7.2(u) shall not exceed $20,000,000
and (ii) any Permitted Refinancing Indebtedness in respect thereof;

 

(v)          (i) Indebtedness
incurred by any Securitization Subsidiary in connection with any Qualified Securitization Transaction and (ii) Standard Securitization
Undertakings incurred by any Group Member in connection with any Qualified Securitization Transaction; provided that (A) the
aggregate principal amount of Indebtedness outstanding under this Section 7.2(v) shall not exceed $500,000,000 and (B) at
least five (5) Business Days prior to the incurrence of any such Indebtedness or Standard Securitization Undertakings, the
Borrower shall have provided the Administrative Agent with a certificate of a Responsible Officer certifying that the consummation
of such Qualified Securitization Transaction is permitted hereunder and that attached thereto are drafts of the definitive documentation
relating thereto;

 

    116

     

    

 

(w)          additional
Indebtedness of the Borrower or any of its Restricted Subsidiaries in an aggregate principal amount (for the Borrower and all
Restricted Subsidiaries) not to exceed at any time outstanding the greater of (i) $250,000,000 and (ii) 50% of Consolidated
EBITDA (for the Applicable Reference Period); provided that the aggregate principal amount of Indebtedness of Restricted
Subsidiaries that are not Loan Parties outstanding under this Section 7.2(w) shall not exceed $50,000,000;

 

(x)           Attributable
Indebtedness in an aggregate principal amount not to exceed $15,000,000 at any time outstanding, in each case which Attributable
Indebtedness arises out of a sale and leaseback transaction permitted under Section 7.10;

 

(y)          Indebtedness
of any Loan Party in an aggregate principal amount not to exceed the Net Cash Proceeds (Not Otherwise Applied) received after
the Closing Date and on or prior to such date from any issuance of Qualified Capital Stock by the Borrower (other than any such
issuance to a Group Member);

 

(z)           Guarantee
Obligations incurred by any Group Member of obligations of any Joint Venture or Unrestricted Subsidiary to the extent permitted
under Section 7.7(u);

 

(aa)         Indebtedness
of the Borrower to the Insurance Subsidiary in connection with an Investment that is permitted pursuant to Section 7.7(z);
and

 

(bb)        the
Unsecured Notes in an aggregate principal amount not to exceed $450,000,000 and, in each case, any Permitted Refinancing Indebtedness
in respect thereof.

 

For purposes
of determining compliance with this ‎Section 7.2, in the event that an item of Indebtedness meets the criteria of more
than one of the categories of Indebtedness described in clauses ‎(a) through ‎(bb) above, the Borrower may, in its
sole discretion, divide or classify or later divide, classify or reclassify all or a portion of such item of Indebtedness in a
manner that complies with this Section 7.2 and will only be required to include the amount and type of such Indebtedness
in one or more of the above clauses; provided that all Indebtedness outstanding under the Loan Documents and the Term Loan
Credit Agreement and, in each case, any Permitted Refinancing Indebtedness in respect thereof, will at all times be deemed to
be outstanding in reliance only on the exception in ‎Section 7.2(a) and Section 7.2(b), respectively.

 

For the avoidance
of doubt, a permitted refinancing in respect of Indebtedness incurred pursuant to a Dollar-denominated or Consolidated EBITDA-governed
basket shall not increase capacity to incur Indebtedness under such Dollar-denominated or Consolidated EBITDA-governed basket,
and such Dollar-denominated or Consolidated EBITDA-governed basket shall be deemed to continue to be utilized by the amount of
the original Indebtedness incurred unless and until the Indebtedness incurred to effect such permitted refinancing is no longer
outstanding.

 

    117

     

    

 

7.3         Liens.
Create, incur, assume or suffer to exist any Lien upon any of its property, whether now owned or hereafter acquired, except:

 

(a)         Liens
for Taxes, assessments or other government charges or levies not yet due or that are being contested in good faith by appropriate
proceedings; provided that adequate reserves with respect thereto are maintained on the books of the Borrower or its Restricted
Subsidiaries, as the case may be, to the extent required by GAAP;

 

(b)          carriers’,
warehousemen’s, mechanics’, materialmen’s, repairmen’s or other like Liens arising in the ordinary course
of business that are not overdue for a period of more than 60 days or that are being contested in good faith by appropriate proceedings;

 

(c)          pledges
or deposits in connection with workers’ compensation, unemployment insurance and other social security legislation;

 

(d)         pledges
or deposits to secure the performance of bids, supplier and other trade contracts (other than for borrowed money), leases, statutory
obligations (other than for borrowed money), leases, statutory obligations (other than any such obligation imposed pursuant to
Section 430(k) of the Code or Sections 303(k) or 4068 of ERISA), surety and appeal bonds, performance bonds and
other obligations of a like nature incurred in the ordinary course of business;

 

(e)          [reserved];

 

(f)           Liens
in existence on the Closing Date (provided that Liens securing any Indebtedness in an aggregate principal amount in excess of
$5,000,000 shall be listed on Schedule 7.3(f)), securing Indebtedness permitted by Section 7.2(e); provided that no
such Lien is spread to cover any additional property after the Closing Date and that the amount of Indebtedness secured thereby
is not increased (other than, in the case of Permitted Refinancing Indebtedness, by any Additional Permitted Amount);

 

(g)          Liens
securing Indebtedness of any Group Member incurred pursuant to Section 7.2(f); provided that (i) such Liens shall
be created within 180 days of the acquisition of such fixed or capital assets and (ii) such Liens do not at any time encumber
any property other than the property financed by such Indebtedness and the proceeds and products and extensions thereof; provided
further that in the event that purchase money obligations are owed to any Person with respect to financing of more than one
purchase of any fixed or capital assets, such Liens may secure all such purchase money obligations and may apply to all such fixed
or capital assets financed by such Person;

 

(h)         (i) Liens
on the Collateral created pursuant to the Security Documents (or any ABL Security Documents (as defined in the Intercreditor Agreement)),
(ii) Liens on cash granted in favor of any Lenders and/or the Issuing Lender created as a result of any requirement to provide
cash collateral pursuant to this Agreement and (iii) subject to the Intercreditor Agreement, Liens on the Collateral created
pursuant to the Term Loan Security Documents (or any Term Loan Security Documents (as defined in the Intercreditor Agreement));

 

(i)           any
interest or title of a lessor under any lease entered into by any Group Member in the ordinary course of its business and covering
only the assets so leased;

 

    118

     

    

 

(j)            Liens
solely on any cash earnest money deposits made by the Borrower or any Restricted Subsidiary in connection with any letter of intent
or purchase agreement relating to a Permitted Acquisition or other third party Investment;

 

(k)           Liens
in favor of any Loan Party so long as (in the case of any Lien granted by a Loan Party) such Liens are junior to the Liens created
pursuant to the Security Documents;

 

(l)            Liens
arising from filing Uniform Commercial Code or personal property security financing statements (or substantially equivalent filings
outside of the United States) regarding leases;

 

(m)          any
option or other agreement to purchase any asset of any Group Member, the purchase, sale or other disposition of which is not prohibited
by Section 7.5;

 

(n)           Liens
arising from the rendering of an interim or final judgment or order against any Group Member that does not give rise to an Event
of Default;

 

(o)           Liens
existing on any asset prior to the acquisition thereof by the Borrower or any Restricted Subsidiary or existing on any asset of
any Person that becomes a Restricted Subsidiary (or of any Person not previously a Restricted Subsidiary that is merged or consolidated
with or into a Restricted Subsidiary in a transaction permitted hereunder) after the Closing Date prior to the time such Person
becomes a Restricted Subsidiary (or is so merged or consolidated) to the extent the Liens on such assets secure Indebtedness permitted
by Section 7.2(o) so long as (i) in the case of first-priority Liens, the Consolidated Senior Secured Leverage
Ratio for the Applicable Reference Period, calculated on a Pro Forma Basis as of the date of such acquisition or such Person becoming
a Restricted Subsidiary (or such merger or consolidation), is equal to or less than either (A) 2.00 to 1.00 or (B) the
Consolidated Senior Secured Leverage Ratio for the Applicable Reference Period, calculated on a Pro Forma Basis immediately prior
to giving pro forma effect to such acquisition or such Person becoming a Restricted Subsidiary (or such merger or consolidation)
and (ii) in the case of junior-priority Liens, the Consolidated Secured Leverage Ratio for the Applicable Reference Period,
calculated on a Pro Forma Basis as of the date of such acquisition or such Person becoming a Restricted Subsidiary (or such merger
or consolidation), is equal to or less than either (A) 2.00 to 1.00 or (B) the Consolidated Secured Leverage Ratio for
the Applicable Reference Period, calculated on a Pro Forma Basis immediately prior to giving pro forma effect to such acquisition
or such Person becoming a Restricted Subsidiary (or such merger or consolidation); provided that (i) such Liens are
not created in contemplation of or in connection with such acquisition or such Person becoming a Restricted Subsidiary (or such
merger or consolidation) and (ii) such Liens attach at all times only to the same assets or category of assets that such
Liens (other than after acquired property that is affixed or incorporated into the property covered by such Lien) attached to,
and secure only the same Indebtedness or obligations (or any Permitted Refinancing Indebtedness in respect thereof permitted by
Section 7.2(o)) that such Liens secured, immediately prior to such permitted acquisition;

 

(p)           Liens
arising out of conditional sale, title retention, consignment or similar arrangements for sale of goods entered into by the Borrower
or any other Restricted Subsidiary in the ordinary course of business and permitted by this Agreement;

 

    119

     

    

 

(q)           Liens
on Securitization Assets of a Securitization Subsidiary that were sold to such Securitization Subsidiary pursuant to Section 7.5(m) in
a Qualified Securitization Transaction and Liens on the Capital Stock of any Securitization Subsidiary granted to secure such
a Qualified Securitization Transaction; provided that the Liens permitted under this Section 7.3(q) secure only
obligations permitted under Section 7.2(v);

 

(r)            Liens
encumbering reasonable and customary initial deposits and margin deposits and similar Liens attaching to brokerage accounts incurred
in the ordinary course of business and not for speculative purposes;

 

(s)           Liens
in favor of customs and revenue authorities arising as a matter of law to secure payment of customs duties in connection with
the importation of goods in the ordinary course of business;

 

(t)            Liens
on premium refunds granted in favor of insurance companies (or their financing affiliates) in connection with the financing of
insurance premiums;

 

(u)           banker’s
liens, rights of setoff or similar rights and remedies as to deposit accounts or other funds maintained with depository institutions
and securities accounts and other financial assets maintained with a securities intermediary; provided that such deposit
accounts or funds and securities accounts or other financial assets are not established or deposited for the purpose of providing
collateral for any Indebtedness and are not subject to restrictions on access by the Borrower or any Restricted Subsidiary in
excess of those required by applicable banking regulations;

 

(v)           Liens
(i) on cash advances in favor of the seller of any property to be acquired in an Investment permitted pursuant to Section 7.7
to be applied against the purchase price for such Investment or (ii) consisting of an agreement to dispose of any property
in a Disposition permitted by Section 7.5, in each case, solely to the extent such Investment or Disposition, as the case
may be, would have been permitted on the date of the creation of such Lien;

 

(w)          Liens
on assets of Restricted Subsidiaries that are not Loan Parties so long as the aggregate outstanding principal amount of the obligations
secured thereby does not exceed (as to all Group Members) $50,000,000;

 

(x)           Liens
on the Collateral securing (i) Term Loan Incremental Equivalent Debt permitted under Section 7.2(t) and (ii) any
Permitted Refinancing Indebtedness in respect thereof; provided that the Liens on the Collateral securing any such Indebtedness
shall be (A) junior, with respect to ABL Priority Collateral, to the Liens on the Collateral securing the Obligations and
(B) subject to the Intercreditor Agreement or such other intercreditor agreement in form and substance reasonably satisfactory
to the Administrative Agent;

 

    120

     

    

 

(y)           Liens
on the Collateral securing (i) Permitted Refinancing Indebtedness incurred pursuant to Section 7.2(b) and (ii) any
Permitted Refinancing Indebtedness in respect thereof; provided that the Liens on the Collateral securing any such Indebtedness
shall be (A) junior, with respect to ABL Priority Collateral, to the Liens on the Collateral securing the Obligations and
(B) subject to the Intercreditor Agreement or such other intercreditor agreement in form and substance reasonably satisfactory
to the Administrative Agent;

 

(z)           Liens
not otherwise permitted by this Section 7.3 so long as the aggregate outstanding principal amount of the obligations secured
thereby does not exceed (as to all Group Members) $50,000,000;

 

(aa)         Liens
on property purportedly rented to, or leased by, the Borrower or any of its Restricted Subsidiaries pursuant to a sale and leaseback
transaction permitted under Section 7.10; provided that (i) such Liens do not encumber any other property of the
Borrower or its Restricted Subsidiaries and (ii) such Liens secure only Indebtedness permitted under Section 7.2(x);

 

(bb)        Liens
in favor of the applicable trustee on amounts deposited into escrow in connection with the redemption, defeasance or satisfaction
and discharge of bonds, debentures, notes or similar instruments;

 

(cc)         (i) pledges
and deposits and other Liens made in the ordinary course of business in compliance with the Federal Employers Liability Act or
any other workers’ compensation, unemployment insurance and other social security laws or regulations and deposits securing
liability to insurance carriers under insurance or self-insurance arrangements in respect of such obligations and (ii) pledges
and deposits and other Liens securing liability for reimbursement or indemnification obligations of (including obligations in respect
of letters of credit or bank guarantees for the benefit of) insurance carriers providing property, casualty or liability insurance
to any Group Member;

 

(dd)        easements,
trackage rights, leases, licenses, special assessments, rights of way covenants, zoning restrictions, covenants, conditions, restrictions
and declarations on or with respect to the use of real property, servicing agreements, development agreements, site plan agreements,
encumbrances and title defects or irregularities that are of a minor nature that, in each case, do not, in the aggregate, interfere
in any material respect with the ordinary conduct of the business of Borrower or any of the Restricted Subsidiaries;

 

(ee)         Liens
on Capital Stock of any joint venture (i) securing obligations of such joint venture or (ii) pursuant to the relevant
joint venture agreement or arrangement; and

 

(ff)          Liens
securing Indebtedness of any Foreign Subsidiary that is not a Subsidiary Guarantor securing Indebtedness of such Foreign Subsidiary
that is permitted by this Agreement.

 

provided,
that (i) it is understood and agreed for the avoidance of doubt that this Agreement does not permit any Liens on ABL Priority
Collateral that secure Indebtedness on a pari passu basis with the Loans and (ii) this Agreement does not permit any
Lien on real property securing Indebtedness for borrowed money except pursuant to Sections 7.3(h)(iii), (o), (w), (x), (y), (z) and
(ff).

 

    121

     

    

 

For purposes of
determining compliance with this Section 7.3, in the event that a Lien securing an item of Indebtedness (or any portion thereof)
meets the criteria for more than one of the categories of Liens described in clauses (a) through (ff) above, the Borrower
may, in its sole discretion, divide or classify or later divide, classify or reclassify all or a portion of such Lien in a manner
that complies with this Section 7.3 and will only be required to include the amount and type of such Lien in one or more of
the above clauses; provided that all Liens securing Indebtedness outstanding under the Loan Documents and the Term Loan
Credit Agreement and, in each case, any Permitted Refinancing thereof, will at all times be deemed to be outstanding in reliance
only on the exception in Section 7.3(h) or (y).

 

7.4           Fundamental
Changes Merge, consolidate or amalgamate, or liquidate, wind up or dissolve itself (or suffer any liquidation or dissolution),
or Dispose of all or substantially all of its property or business (taken as a whole), except that (a)     any
Restricted Subsidiary of the Borrower may be merged or consolidated with or into the Borrower (provided that the Borrower
shall be the continuing or surviving corporation) or with or into any other Restricted Subsidiary (provided, that when
any Subsidiary Guarantor is merging with or into another Restricted Subsidiary that is not a Subsidiary Guarantor (except as permitted
by Section 7.4(b)), such Subsidiary Guarantor shall be the continuing or surviving corporation or the continuing or surviving
corporation shall, substantially simultaneously with such merger or consolidation, become a Subsidiary Guarantor);

 

(b)           any
Restricted Subsidiary may merge, consolidate or amalgamate with any other Person (other than the Borrower) in order to effect an
Investment permitted pursuant to Section 7.7; provided that if such Restricted Subsidiary is a Subsidiary Guarantor
the continuing or surviving Person shall be a Subsidiary Guarantor;

 

(c)        any
Restricted Subsidiary of the Borrower may Dispose of any or all of its assets (i) to the Borrower or any Subsidiary Guarantor
(upon voluntary liquidation or otherwise) or (ii) pursuant to a Disposition permitted by Section 7.5;

 

(d)           any
Restricted Subsidiary of the Borrower that is not a Subsidiary Guarantor may (i) dispose of any or all or substantially all
of its assets to any Group Member (upon voluntary liquidation or otherwise) or (ii) liquidate or dissolve if the Borrower
determines in good faith that such liquidation or dissolution is in the best interest of the Borrower and is not materially disadvantageous
to the Administrative Agent or the Lenders; and

 

(e)           any
Subsidiary of the Borrower may merge, consolidate or amalgamate with the Borrower in connection with the consummation of the Transactions.

 

7.5           Disposition
of Property. Dispose of any of its property, whether now owned or hereafter acquired, or, in the case of any Restricted Subsidiary,
issue or sell any shares of such Restricted Subsidiary’s Capital Stock to any Person, except:

 

(a)           the
Disposition of surplus, outdated, obsolete or worn out property in the ordinary course of business;

 

(b)           Dispositions
of Inventory, equipment, cash and Cash Equivalents, in each case, in the ordinary course of business;

 

    122

     

    

 

(c)           Dispositions
permitted by Section 7.4(c)(i) or Section 7.4(d)(i);

 

(d)           the
sale or issuance of any Restricted Subsidiary’s Capital Stock to the Borrower or any Subsidiary Guarantor or on a pro rata
basis to the owners of its Capital Stock;

 

(e)           Dispositions
of Accounts in connection with the compromise, settlement or collection thereof in the ordinary course of business consistent with
past practice and not (i) as part of any accounts receivables, rental agreements or chattel paper financing transaction (including
any Securitization Transaction) or (ii) to any Securitization Subsidiary;

 

(f)            Dispositions
of assets (including as a result of like-kind exchanges) to the extent that (i) such assets are exchanged for credit (on a
fair market value basis) against the purchase price of similar or replacement assets or (ii) such asset is Disposed of for
fair market value and the proceeds of such Disposition are promptly applied to the purchase price of similar or replacement assets;

 

(g)           Dispositions
resulting from any casualty or other insured damage to, or any taking under power of eminent domain or by condemnation or similar
proceeding of, any asset of any Group Member;

 

(h)           licenses
and sublicenses and similar rights granted with respect to Intellectual Property granted in the ordinary course of business;

 

(i)            the
abandonment, cancellation, non-renewal or discontinuance of use or maintenance of non-material Intellectual Property or rights
relating thereto that the Borrower determines in its reasonable judgment to be desirable to the conduct of its business and not
materially disadvantageous to the interests of the Lenders;

 

(j)            licenses,
leases or subleases entered into in the ordinary course of business, to the extent that they do not materially interfere with the
business of the Borrower or any Restricted Subsidiary;

 

(k)           Dispositions
to any Group Member; provided that any such Disposition involving a Restricted Subsidiary that is not a Subsidiary Guarantor
shall be made in compliance with Sections 7.7 and 7.9;

 

(l)            (i) Dispositions
of assets to the extent that such Disposition constitutes an Investment referred to in and permitted by Section 7.7, (ii) Dispositions
of assets to the extent that such Disposition constitutes a Restricted Payment referred to in and permitted by Section 7.6,
(iii) Dispositions set forth on Schedule 7.5(l) and (iv) sale and leaseback transactions permitted under Section 7.10;

 

    123

     

    

 

(m)          any
sale, issuance, conveyance, transfer, participation, factoring, lease or other disposition of Securitization Assets of the Acquired
Business in connection with a Qualified Securitization Transaction; provided that (i) no Event of Default then exists
or would result from such Disposition, (ii) such Disposition is for cash and is not materially less favorable to the Borrower
and the Restricted Subsidiaries (other than such Securitization Subsidiary) as determined by the Borrower in good faith than would
be obtainable in a comparable arms-length sale of such Securitization Assets with a Person that is not an Affiliate of the Borrower,
(iii) the proceeds thereof are deposited in accordance with Section 6.12(b) and (iv) the aggregate amount of
all such Dispositions do not exceed $1,000,000,000 in any fiscal year of the Borrower;

 

(n)           other
Dispositions of assets (including Capital Stock); provided that (A) it shall be for fair market value (determined as
if such Disposition was consummated on an arm’s-length basis), (B) at least 75% of the total consideration for any such
Disposition in excess of $10,000,000 received by the Borrower and its Restricted Subsidiaries shall be in the form of cash or Cash
Equivalents and (C) no Event of Default then exists or would result from such Disposition (except if such Disposition is made
pursuant to an agreement entered into at a time when no Event of Default exists); provided, however, that for purposes
of clause (B) above, the following shall be deemed to be cash: (I) any liabilities (as shown on the Borrower’s
or such Restricted Subsidiary’s most recent balance sheet provided hereunder or in the footnotes thereto) of the Borrower
or such Restricted Subsidiary (other than liabilities that are by their terms subordinated to the Obligations) that are assumed
by the transferee with respect to the applicable Disposition and for which the Borrower and its Restricted Subsidiaries shall have
been validly released by all applicable creditors in writing, (II) any securities received by the Borrower or such Restricted
Subsidiary from such transferee that are converted by the Borrower or such Restricted Subsidiary into cash or Cash Equivalents
(to the extent of the cash or Cash Equivalents received in the conversion) within 180 days following the closing of the applicable
Disposition and (III) any Designated Non-Cash Consideration received by the Borrower or any of its Restricted Subsidiaries
in such Disposition having an aggregate fair market value, taken together with all other Designated Non-Cash Consideration received
pursuant to this Section 7.5(n) that is at that time outstanding, not to exceed $25,000,000 (with the fair market value
of each item of Designated Non-Cash Consideration being measured at the time received and without giving effect to subsequent changes
in value);

 

(o)           other
Dispositions in any fiscal year of other property having a fair market value not to exceed 7.5% of Consolidated Total Assets when
made; provided that no Event of Default then exists or would result from such Disposition (except if such Disposition is
made pursuant to an agreement entered into at a time when no Event of Default exists);

 

(p)           Dispositions
(i) to or by the Insurance Subsidiary of Capital Stock of the Borrower, (ii) to or by the Insurance Subsidiary of Indebtedness
described in Section 7.2(r) to the Borrower or any Wholly Owned Subsidiary that is a Loan Party and (iii) by the
Insurance Subsidiary effected solely for the purpose of liquidating assets in order to permit the Insurance Subsidiary to pay expenses
and to make payments on insurance claims of the Borrower or any of its Restricted Subsidiaries with the proceeds of such Disposition;

 

(q)           Dispositions
of real property in the ordinary course to the extent such real property is Disposed of for fair market value and the proceeds
of such Disposition are applied within 360 days to the purchase price of similar or replacement real property;

 

    124

     

    

 

(r)            Dispositions
of non-core assets acquired in connection with any acquisition or Investment permitted hereunder; provided that (i) the
Consolidated EBITDA generated by such non-core assets (as determined by the Borrower in good faith) shall not have been included
in the calculation of Consolidated EBITDA in respect of any testing of ratios or governors on a Pro Forma Basis in connection with
such acquisition and (ii) no Event of Default exists on the date on which the definitive agreement governing the relevant
Disposition is executed; and

 

(s)           Dispositions
of the Mexico Operations for fair market value.

 

provided,
that the foregoing provisions of this Section 7.5 do not permit (i) any Dispositions pursuant to a Securitization Transaction
or to a Securitization Subsidiary other than pursuant to Section 7.5(m), (ii) any Dispositions to the Acquired Business
(or any direct or indirect subsidiary of Acima acquired or formed after the Closing Date) of any Securitization Assets or (iii) any
Dispositions by the Acquired Business (or any direct or indirect subsidiary of Acima acquired or formed after the Closing Date)
of any Securitization Assets to the Borrower or any other Restricted Subsidiary (other than the Acquired Business).

 

7.6           Restricted
Payments. Declare or pay any dividend (other than dividends payable solely in common stock of the Person making such dividend)
on, or make any payment on account of, or set apart assets for a sinking or other analogous fund for, the purchase, redemption,
defeasance, retirement or other acquisition of, any Capital Stock (other than Disqualified Capital Stock) of any Group Member,
whether now or hereafter outstanding, or make any other distribution in respect thereof, either directly or indirectly, whether
in cash or property or in obligations of any Group Member (collectively, “Restricted Payments”), except that:

 

(a)           any
Restricted Subsidiary may make Restricted Payments ratably to its equity holders (or if not ratably, on a basis more favorable
to the Borrower and the other Loan Parties);

 

(b)           the
Borrower may purchase or redeem its common stock or common stock options from present, future or former directors, officers or
employees of any Group Member upon the death, disability or termination of employment of such director, officer or employee, provided,
that the aggregate amount of payments under this Section 7.6(b) after the Closing Date (net of any proceeds received
by the Borrower after the Closing Date in connection with resales of any common stock or common stock options so purchased) shall
not exceed $5,000,000 in any fiscal year (with unused amounts in any period permitted to be carried over to succeeding periods
until used in full; provided that the total amount of such purchases or redemptions under this Section 7.6(b) in
any fiscal year shall not exceed $10,000,000);

 

(c)           the
Borrower may declare and pay dividends with respect to its Capital Stock payable solely in shares of Qualified Capital Stock;

 

(d)           the
Borrower may make cash payments in lieu of the issuance of fractional shares representing insignificant interests in the Borrower
in connection with the exercise of warrants, options or other securities convertible into or exchangeable for Capital Stock in
the Borrower;

 

    125

     

    

 

(e)           the
Borrower may acquire its Capital Stock upon the exercise of stock options for such Capital Stock of the Borrower if such Capital
Stock represents a portion of the exercise price of such stock options or in connection with tax withholding obligations arising
in connection with the exercise of options by, or the vesting of restricted Capital Stock held by, any current or former director,
officer or employee of any Group Member;

 

(f)            the
Borrower may convert or exchange any of its Capital Stock for or into Qualified Capital Stock;

 

(g)           so
long as the Payment Conditions are met, the Borrower may make Restricted Payments;

 

(h)           so
long as no Event of Default shall have occurred and be continuing or would result therefrom, the Borrower may on any date make
Restricted Payments in an aggregate amount, together with Restricted Debt Payments made under Section 7.8(a)(iv), not to exceed
$75,000,000 in any fiscal year;

 

(i)           the
Borrower may repurchase shares of its common stock from the Insurance Subsidiary in an amount necessary to (i) pay operating
costs and expenses of the Insurance Subsidiary incurred in the ordinary course of business (not to exceed $250,000 per fiscal year
of the Borrower) and (ii) permit the Insurance Subsidiary to make payments on insurance claims of the Borrower and/or any
of its Subsidiaries with the proceeds of such repurchase;

 

(j)            the
Insurance Subsidiary may purchase shares of the common stock of the Borrower from the Borrower or any Restricted Subsidiary;

 

(k)           the
Borrower may repurchase shares of its common stock from the Insurance Subsidiary in exchange for the issuance of one or more notes
or other forms of Indebtedness owed to the Insurance Subsidiary;

 

(l)            the
Borrower may make Restricted Payments to consummate the Transactions; and

 

(m)          distributions
or payments of Securitization Fees.

 

For purposes of
determining compliance with this Section 7.6, in the event that a Restricted Payment meets the criteria of more than one of
the categories of Restricted Payments described in clauses (a) through (m) above, the Borrower may, in its sole discretion,
divide or classify or later divide, classify or reclassify all or a portion of such Restricted Payment in a manner that complies
with this Section 7.6 and will only be required to include the amount and type of such Restricted Payment in one or more of
the above clauses.

 

    126

     

    

 

7.7           Investments.
Make any advance, loan, extension of credit (by way of guaranty or otherwise) or capital contribution to, or purchase any Capital
Stock, bonds, notes, debentures or other debt securities of, or any assets constituting a business unit of, or make any other
investment in, any other Person (all of the foregoing, “Investments”), except:

 

(a)           extensions
of trade credit in the ordinary course of business;

 

(b)           investments
in cash and Cash Equivalents;

 

(c)           Guarantee
Obligations permitted by Section 7.2 (other than any Guarantee Obligations incurred under Section 7.2(z), which Guarantee
Obligations shall solely be permitted to the extent permitted pursuant to Section 7.7(u));

 

(d)           loans
and advances to directors, officers and employees of any Group Member in the ordinary course of business (including for travel,
entertainment and relocation expenses) in an aggregate amount for the Borrower and its Restricted Subsidiaries not to exceed $5,000,000
at any one time outstanding;

 

(e)           [reserved];

 

(f)           Investments
in assets useful in the business of the Borrower and its Restricted Subsidiaries made by any Group Member with the proceeds of
any Reinvestment Deferred Amount (as defined in the Term Loan Credit Agreement as in effect on the date hereof, together with any
amendments and modifications that are not materially adverse to the Lenders);

 

(g)           intercompany
Investments by any Group Member in any other Group Member; provided that any Investment by any Loan Party in a Restricted
Subsidiary that is not a Loan Party shall be permitted to the extent the aggregate amount of outstanding Investments pursuant to
this clause (g) (less any returns (including dividends, interest, distributions, returns of principal, profits on sale, repayments,
income and similar amounts) actually received in respect of any such Investments (excluding any returns in excess of the amount
originally invested)) does not exceed $25,000,000;

 

(h)           any
Permitted Acquisition; provided that (i) to the extent reasonably requested by the Administrative Agent, the Borrower
shall have delivered ((I) in the case of a Permitted Acquisition made pursuant to Section 7.7(h)(iv)(A) and (II) in
the case of all other Permitted Acquisitions to the extent made available to the Loan Parties), the most recently available consolidated
balance sheet of the entity being acquired and its consolidated subsidiaries (or the assets, if an acquisition of assets) as at
the end of the most recently ended fiscal year and/or quarter, as applicable, and the related consolidated statements of income,
stockholders’ equity and cash flows for such period, which statements need not be GAAP compliant, (ii) after giving
effect thereto, the Borrower and its Restricted Subsidiaries are in compliance with Section 7.15, (iii) any such newly
created or acquired Subsidiary has complied with the requirements of Section 6.10 and (iv) either (A)(1) for 20
consecutive days prior to such Permitted Acquisition, pro forma Availability is no less than the greater of (x) 15% of the
Line Cap and (y) $60,000,000 and (2) the pro forma Consolidated Fixed Charge Coverage Ratio for the last four quarters
is no less than 1.10:1.00 or (B) for 20 consecutive days prior to such Permitted Acquisition, pro forma Availability is no
less than the greater of (x) 30% of the Line Cap and (y) $120,000,000;

 

    127

     

    

 

(i)            promissory
notes and other non-cash consideration received in connection with Dispositions permitted by Section 7.5;

 

(j)            Investments
acquired as a result of the purchase or other acquisition by any Group Member in connection with a Permitted Acquisition; provided,
that such Investments were not made in contemplation of such Permitted Acquisition and were in existence at the time of such Permitted
Acquisition;

 

(k)           Investments
existing on the Closing Date (provided that Investments in an aggregate outstanding amount in excess of $5,000,000 shall be set
forth on Schedule 7.7(k)) and any modification, refinancing, renewal, refunding, replacement or extension thereof; provided
that the amount of any Investment permitted pursuant to this Section 7.7(k) is not increased from the amount of such
Investment on the Closing Date;

 

(l)            Investments
received in connection with the bankruptcy or reorganization of, or settlement of delinquent accounts and disputes with, customers
and suppliers, in each case in the ordinary course of business;

 

(m)          Investments
of a Restricted Subsidiary acquired after the Closing Date or of a corporation merged into the Borrower or merged or consolidated
with any Restricted Subsidiary, in each case in accordance with Section 7.4 after the Closing Date, to the extent that such
Investments were not made in contemplation of or in connection with such acquisition, merger or consolidation and were in existence
on the date of such acquisition, merger or consolidation;

 

(n)           Guarantees
by the Borrower or any Restricted Subsidiary of leases (other than Finance Lease Obligations) or of other obligations that do not
constitute Indebtedness, in each case entered into in the ordinary course of business;

 

(o)           Investments
made to effect the pledges and deposits described in, and permitted under, Section 7.3(c) and (d);

 

(p)           Investments
by the Borrower or any Restricted Subsidiary that result solely from the receipt by the Borrower or such Restricted Subsidiary
from any of its Subsidiaries of a dividend or other Restricted Payment in the form of Capital Stock, evidences of Indebtedness
or other securities (but not any additions thereto made after the date of the receipt thereto);

 

(q)           mergers
and consolidations permitted under Section 7.4 that do not involve any Person other than the Borrower and Restricted Subsidiaries
that are Wholly Owned Subsidiaries;

 

(r)            Investments;
provided that the Payment Conditions are met;

 

(s)           Investments
by the Borrower or any Restricted Subsidiary in the form of Standard Securitization Undertakings in any Securitization Subsidiary
in connection with a Qualified Securitization Transaction;

 

    128

     

    

 

(t)            Investments
by the Borrower or any of its Restricted Subsidiaries in an aggregate amount (valued at cost), taken together with all other outstanding
Investments made pursuant to this Section 7.7(t) (less any returns (including dividends, interest, distributions, returns
of principal, profits on sale, repayments, income and similar amounts) actually received in respect of any such Investments (excluding
any returns in excess of the amount originally invested)), not to exceed from and after the Closing Date the greater of (i) $50,000,000
and (ii) 10% of Consolidated EBITDA for the Applicable Reference Period, calculated on a Pro Forma Basis as of the date of
such Investment;

 

(u)           (i) any
Investment in any Joint Venture or Unrestricted Subsidiary and (ii) any Permitted Acquisition of Persons that do not, upon
acquisition thereof, become Subsidiary Guarantors, and property that is not, upon acquisition thereof, owned by Loan Parties; provided
that the aggregate outstanding amount of the Investments and Permitted Acquisitions consummated pursuant to this Section 7.7(u) (with
respect to Investments pursuant to clause (i), valued at cost, and with respect to Permitted Acquisitions pursuant to clause (ii),
the Investment amount thereof shall be as valued in good faith by the Borrower and shall include cash and equity (including Disqualified
Capital Stock of any Subsidiaries not organized under the laws of any jurisdiction within the United States, but excluding any
other equity of such Subsidiaries)), less any returns (including dividends, interest, distributions, returns of principal, profits
on sale, repayments, income and similar amounts) actually received in respect of any such Investments (excluding any returns in
excess of the amount originally invested), shall not exceed at any time outstanding the greater of (i) $50,000,000 and (ii) 10%
of Consolidated EBITDA for the Applicable Reference Period, calculated on a Pro Forma Basis as of the date of such Investment or
Permitted Acquisition (or at the Borrower’s option, as of the date of entry into the binding documentation in respect of
such Permitted Acquisition);

 

(v)           Investments
made in the Insurance Subsidiary (i) to the extent required to meet regulatory capital guidelines, policies or rules in
an amount not exceed $35,000,000 in the aggregate at any one time outstanding and (ii) in amounts not to exceed, in any fiscal
year of the Borrower, the lesser of (x) $75,000,000 and (y) the amount that will appear as an expense for self-insurance
costs on the Borrower’s consolidated income statement;

 

(w)          Investments
in the Insurance Subsidiary consisting of the contribution of common stock of the Borrower and Investments by the Insurance Subsidiary
in the common stock of the Borrower;

 

(x)           Investments
by the Insurance Subsidiary in Indebtedness of the Group Members permitted by Section 7.2(r);

 

(y)           Investments
by the Borrower in the Insurance Subsidiary in connection with the repurchase of the Borrower’s common stock from the Insurance
Subsidiary in exchange for the issuance of one or more notes or other forms of Indebtedness owed to the Insurance Subsidiary;

 

(z)           Investments,
taken together with all other outstanding Investments made pursuant to this Section 7.7(z) (less any returns (including
dividends, interest, distributions, returns of principal, profits on sale, repayments, income and similar amounts) actually received
in respect of any such Investments (excluding any returns in excess of the amount originally invested)), in an aggregate amount
(valued at cost) not to exceed the Net Cash Proceeds (Not Otherwise Applied) received after the Closing Date and on or prior to
such date from any issuance of Qualified Capital Stock by the Borrower (other than any such issuance to a Group Member); and

 

    129

     

    

 

(aa)         Investments
made to consummate the Transactions.

 

provided,
that the foregoing provisions of this Section 7.7 do not permit (i) any Investments in a Securitization Subsidiary other
than pursuant to Section 7.7(s), (ii) any Investments by the Acquired Business (or any direct or indirect subsidiary
of Acima acquired or formed after the Closing Date) of any Securitization Assets to the Borrower or any other Restricted Subsidiary
(other than the Acquired Business).

 

For purposes of
determining compliance with this Section 7.7, in the event that an Investment meets the criteria of more than one of the categories
of Investments described in clauses (a) through (aa) above, the Borrower may, in its sole discretion, divide or classify or
later divide, classify or reclassify all or a portion of such Investment in a manner that complies with this Section 7.7 and
will only be required to include the amount and type of such Investment in one or more of the above clauses.

 

7.8           Optional
Payments and Modifications of Certain Debt Instruments. (a)  Make or offer to make any optional or voluntary payment,
prepayment, repurchase or redemption of or otherwise optionally or voluntarily defease or segregate funds with respect to any
Restricted Indebtedness (any of the foregoing, a “Restricted Debt Payment”) other than:

 

(i)           refinancings
of Restricted Indebtedness with the proceeds of Permitted Refinancing Indebtedness permitted in respect thereof under Section 7.2;

 

(ii)          Restricted
Debt Payments made solely with Qualified Capital Stock or the conversion of any Restricted Indebtedness into Qualified Capital
Stock;

 

(iii)         Restricted
Debt Payments; provided that the Payment Conditions are met;

 

(iv)         so
long as no Event of Default shall have occurred and be continuing or would result therefrom, Restricted Debt Payments in an aggregate
amount not to exceed, together with the aggregate amount of Restricted Payments made pursuant to Section 7.6(h), $75,000,000
per fiscal year of the Borrower; and

 

(v)          prepayments
of intercompany Restricted Indebtedness permitted hereunder owed by the Borrower or any Restricted Subsidiary to the Borrower or
any Restricted Subsidiary; provided that no prepayment of any Restricted Indebtedness owed by any Loan Party to any Restricted
Subsidiary that is not a Loan Party shall be permitted so long as the Payment Conditions are not met.

 

    130

     

    

 

For
purposes of determining compliance with this Section 7.8(a), in the event that a Restricted Debt Payment meets the criteria
of more than one of the categories of Restricted Debt Payments described in clauses (i) through (v) above, the Borrower
may, in its sole discretion, divide or classify or later divide, classify or reclassify all or a portion of such Restricted Debt
Payment in a manner that complies with this Section 7.7(a) and will only be required to include the amount and type of
such Restricted Debt Payment in one or more of the above clauses.

 

Notwithstanding anything
to the contrary contained in this Section 7.8(a), in no event shall any payment in respect of Subordinated Indebtedness be
permitted if such payment is in violation of the subordination provisions of such Subordinated Indebtedness.

 

(b)           Amend,
modify, waive or otherwise change, or consent or agree to any amendment, modification, waiver or other change to, any of the terms
of any Restricted Indebtedness (other than any such amendment, modification, waiver or other change that would not materially and
adversely affect the interests of the Lenders).

 

7.9           Transactions
with Affiliates. Enter into any transaction, including any purchase, sale, lease or exchange
of property, the rendering of any service or the payment of any management, advisory or similar fees, with any Affiliate in excess
of $10,000,000, unless such transaction is on terms not materially less favorable to the Borrower or such Restricted Subsidiary,
as applicable, than would be obtainable in a comparable arms-length transaction with a person that is not an Affiliate; provided
that this Section 7.9 shall not limit:

 

(a)           issuances
of securities, or other payments, awards or grants in cash, securities or otherwise pursuant to, or the funding of, employment
arrangements, equity purchase agreements, stock options, stock ownership plans and similar and like arrangements approved by the
board of directors of the Borrower;

 

(b)           compensation,
insurance, employment, employee benefit and severance arrangements between the Borrower or any Subsidiary and any director, officer,
employee or consultant thereof;

 

(c)           the
payment of directors’ fees and indemnification and reimbursement of expenses to directors, officers or employees;

 

(d)           transactions
between or among the Loan Parties;

 

(e)           transactions
between or among the Borrower and its Restricted Subsidiaries or by and among Restricted Subsidiaries in the ordinary course of
business;

 

(f)           Investments
permitted by Section 7.7(d), Restricted Payments or Restricted Debt Payments expressly permitted by this Agreement;

 

(g)           intercompany
transactions undertaken in good faith for the purpose of improving the consolidated tax efficiency of the Group Members;

 

(h)            transactions
disclosed in the Borrower’s SEC filings made prior to the Closing Date;

 

    131

     

    

 

(i)            any
transaction with any Person who is not an Affiliate immediately before the consummation of such transaction that becomes an Affiliate
as a result of such transaction;

 

(j)            payroll,
travel, business entertainment and similar advances to officers, directors, employees and consultants of the Borrower or any Subsidiary
to cover matters that are expected at the time of such advances to be treated as expenses of the Borrower or such Subsidiary for
accounting purposes and that are made in the ordinary course of business; and

 

(k)           any
(i) sale, conveyance, participation, factoring or other transfer of Securitization Assets to or by a Securitization Subsidiary
pursuant to Section 7.5(m), (ii) grant of security pursuant to Section 7.3(q), (iii) incurrence of Indebtedness
pursuant to Section 7.2(v) or (iv) payment of any associated Securitization Fees, in each case pursuant to any Qualified
Securitization Transaction.

 

7.10         Sales
and Leasebacks. Enter into any arrangement with any Person providing for the leasing by any Group Member of real property
that has been or is to be sold or transferred by such Group Member 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 such Group Member, unless the Net
Cash Proceeds received by the applicable Group Member in connection with such transaction are at least equal to the fair market
value (as determined by the Borrower) of such property; provided that the aggregate amount of consideration paid to the
Group Members (and the aggregate principal amount of any Attributable Indebtedness) in respect of transactions permitted under
this Section 7.10 shall not exceed $15,000,000.

 

7.11         Swap
Agreements. Enter into any Swap Agreement, except Swap Agreements entered into for bona fide hedging purposes and not for
speculation.

 

7.12         Changes
in Fiscal Periods. Permit the fiscal year of the Borrower to end on a day other than calendar year end or change the Borrower’s
method of determining fiscal quarters, in each case without the consent of the Administrative Agent (such consent not to be unreasonably
withheld, conditioned or delayed).

 

    132

     

    

 

7.13         Negative
Pledge Clauses. Enter into or suffer to exist or become effective any agreement that prohibits or limits the ability of any
Group Member (other than the Insurance Subsidiary) to create, incur, assume or suffer to exist any Lien upon any of its property
or revenues, whether now owned or hereafter acquired to secure its obligations under the Loan Documents to which it is a party
other than (a) (i) this Agreement, the other Loan Documents, the Term Loan Documents and the Unsecured Notes Documents
(ii) any agreement governing any Indebtedness incurred pursuant to Section 7.2 to the extent such prohibition or limitation
is customary in agreements governing Indebtedness of such type and in any event so long as such agreement is not materially more
restrictive (taken as a whole) than the Loan Documents (as conclusively determined by the Borrower in good faith) and (iii) any
agreement governing any Permitted Refinancing Indebtedness in respect of the Loans, the Term Loans, the Unsecured Notes or Indebtedness
incurred pursuant to Section 7.2, in each case, with respect to this clause (iii), so long as any such agreement is not materially
more restrictive (taken as a whole) than the Loan Documents, the Term Loan Documents, the Unsecured Notes Documents or the documents
governing the Indebtedness being refinanced, as applicable (as conclusively determined by the Borrower in good faith), (b) any
agreements governing any purchase money Liens or Finance Lease Obligations otherwise permitted hereby (in which case, any prohibition
or limitation shall only be effective against the assets financed thereby), (c) any agreement in effect at the time any Subsidiary
becomes a Restricted Subsidiary of the Borrower, so long as such prohibition or limitation applies only to such Restricted Subsidiary
(and, if applicable, its Subsidiaries) and such agreement was not entered into in contemplation of such Person becoming a Restricted
Subsidiary of the Borrower, as such agreement may be amended, restated, supplemented, modified extended renewed or replaced, so
long as such amendment, restatement, supplement, modification, extension, renewal or replacement does not expand in any material
respect the scope of any restriction contemplated by this Section 7.13 contained therein, (d) customary provisions restricting
assignments, subletting, sublicensing, pledging or other transfers contained in leases, subleases, licenses or sublicenses, so
long as such restrictions are limited to the property or assets subject to such leases, subleases, licenses or sublicenses, as
the case may be, (e) (i) restrictions imposed by applicable law and (ii) contractual encumbrances or restrictions
in effect on the Closing Date and listed on Schedule 7.13, (f) customary provisions in joint venture agreements and other
similar agreements entered into in the ordinary course of business, (g) customary provisions restricting assignment of any
agreement entered into in the ordinary course of business, (h) customary restrictions and conditions contained in the document
relating to any Lien other than relating to Indebtedness, so long as (i) such Lien is a Lien permitted by Section 7.3
and such restrictions or conditions relate only to the specific asset subject to such Lien and (ii) such restrictions and
conditions are not created for the purpose of avoiding the restrictions imposed by this Section 7.13, (i) customary
net worth provisions contained in real property leases entered into by the Group Members, so long as the Borrower has determined
in good faith that such net worth provisions would not reasonably be expected to impair the ability of the Group Members to meet
their ongoing obligations, (j) restrictions on cash or other deposits imposed by customers under contracts entered into in
the ordinary course of business, (k) customary restrictions and conditions contained in agreements relating to the sale of
a Restricted Subsidiary or any assets pending such sale, provided that such restrictions or conditions apply only to the
Restricted Subsidiary or assets that is to be sold and such sale is permitted hereunder and (l) customary prohibitions, conditions
and restrictions (as determined by the Borrower in good faith) contained in agreements and documents relating to any Qualified
Securitization Transaction.

 

    133

     

    

 

7.14         Clauses
Restricting Subsidiary Distributions. Enter into or suffer to exist or become effective any consensual encumbrance or restriction
on the ability of any Restricted Subsidiary of the Borrower to (a) make Restricted Payments in respect of any Capital Stock
of such Restricted Subsidiary held by, or pay any Indebtedness owed to, any Group Member, (b) make loans or advances to, or
other Investments in, any Group Member or (c) transfer any of its assets to any Group Member, except for (i) any encumbrances
or restrictions existing under (A) this Agreement, the other Loan Documents, the Term Loan Documents or the Unsecured Notes
Documents (B) any agreement governing Indebtedness incurred pursuant to Section 7.2 so long as such encumbrance or restriction
is customary in agreements governing Indebtedness of such type and is not materially more restrictive (taken as a whole) than the
Loan Documents (as conclusively determined by the Borrower in good faith) or (C) any agreement governing Permitted Refinancing
Indebtedness in respect of the Loans, any Term Loans, any Unsecured Notes or any other Indebtedness incurred pursuant to Section 7.2,
in each case so long as any such agreement is not materially more restrictive (taken as a whole) than the Loan Documents, the Term
Loan Documents, the Unsecured Notes Documents or the documents governing the Indebtedness being refinanced, as applicable (as conclusively
determined by the Borrower in good faith), (ii) any encumbrances or restrictions with respect to a Restricted Subsidiary imposed
pursuant to an agreement that has been entered into in connection with the Disposition of all or substantially all of the Capital
Stock or assets of such Restricted Subsidiary, (iii) any encumbrance or restriction applicable to a Restricted Subsidiary
(and, if applicable, its Subsidiaries) under any agreement of such Restricted Subsidiary in effect at the time such Person becomes
a Restricted Subsidiary of the Borrower, so long as such agreement was not entered into in contemplation of such Person becoming
a Restricted Subsidiary of the Borrower, as such agreement may be amended, restated, supplemented, modified extended renewed or
replaced, so long as such amendment, restatement, supplement, modification, extension, renewal or replacement does not expand in
any material respect the scope of any restriction contemplated by this Section 7.14 contained therein, (iv) customary
provisions restricting assignments, subletting, sublicensing, pledging or other transfers contained in leases, subleases, licenses
or sublicenses, so long as such restrictions are limited to the property or assets subject to such leases, subleases, licenses
or sublicenses, as the case may be, (v) customary restrictions and conditions contained in agreements relating to the sale
of a Restricted Subsidiary or any assets pending such sale, provided that such restrictions or conditions apply only to the Restricted
Subsidiary or assets that is to be sold and such sale is permitted hereunder , (vi) consensual arrangements with insurance
regulators with respect to the Insurance Subsidiary, (vii) (A) restrictions imposed by applicable law and (B) contractual
encumbrances or restrictions in effect on the Closing Date and listed on Schedule 7.14, (viii) customary provisions in joint
venture agreements and other similar agreements entered into in the ordinary course of business, (ix) customary provisions
restricting assignment of any agreement entered into in the ordinary course of business, (x) customary net worth provisions
contained in real property leases entered into by the Group Members, so long as the Borrower has determined in good faith that
such net worth provisions would not reasonably be expected to impair the ability of the Group Members to meet their ongoing obligations,
(xi) restrictions on cash or other deposits imposed by customers under contracts entered into in the ordinary course of business
and (xii) restrictions on cash or other deposits imposed by customers under contracts entered into in the ordinary course
of business and (xii) customary prohibitions, conditions and restrictions (as determined by the Borrower in good faith) contained
in agreements and documents relating to any Qualified Securitization Transaction.

 

7.15         Lines
of Business. (a) Enter into any business, either directly or through any Restricted Subsidiary, except for (i) an
immaterial line of business (as determined by the Borrower in good faith) or (ii) those businesses in which the Group Members
were engaged on the Closing Date and (in the case of this clause (ii)) any similar, corollary, related, incidental or complementary
business or business activities or any reasonable extension, development or expansion thereof (as determined by the Borrower in
good faith).

 

(b) In the case
of the Insurance Subsidiary, enter into any business, except for providing insurance services to the Borrower and its Subsidiaries
and activities reasonably related thereto.

 

7.16         Use
of Proceeds. Use, and the respective directors, officers, employees and agents of the Borrower and its Subsidiaries shall
not use, the proceeds of any Revolving Loan or Letter of Credit (a) in furtherance of an offer, payment, promise to pay,
or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption
Laws, (b) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned
Person, or in any Sanctioned Country, or (c) in any manner that would result in the violation of any Sanctions applicable
to any party hereto.

 

    134

     

    

 

7.17         Subject
Agreements. Provide, or take any steps to provide, “control” (as defined in and provided for in the New York Uniform
Commercial Code) over any Subject Agreement to any Person other than the Administrative Agent.

 

SECTION 8.  EVENTS
OF DEFAULT

 

If any of the following
events shall occur and be continuing:

 

(a)           the
Borrower shall fail to pay any principal of any Loan or Reimbursement Obligation when due in accordance with the terms hereof;
or the Borrower shall fail to pay any interest on any Loan or Reimbursement Obligation, or any other amount payable hereunder or
under any other Loan Document, within five Business Days after any such interest or other amount becomes due in accordance with
the terms hereof; or

 

(b)           any
representation or warranty made or deemed made by any Loan Party herein or in any other Loan Document or that is contained in any
certificate required to be delivered by it at any time under or in connection with this Agreement or any such other Loan Document
shall prove to have been inaccurate in any material respect on or as of the date made or deemed made; or

 

(c)           any
Loan Party shall default in the observance or performance of (i) Sections 6.2(g), 6.2(i) or 6.12(b), and such default
shall continue unremedied for a period of 10 days after written notice to the Borrower from the Administrative Agent or the Required
Lenders or (ii) any agreement contained in clause (i) or (ii) of Section 6.4(a) (with respect to the Borrower
only), Section 6.7(a) or Section 7 of this Agreement; or

 

(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 paragraphs (a) through (c) of this Section 8), and such default shall continue
unremedied for a period of 30 days after written notice to the Borrower from the Administrative Agent or the Required Lenders;
or

 

(e)           any
Group Member shall (i) default in making any payment of any principal of any Material Indebtedness (including any Guarantee
Obligation) on the scheduled or original due date with respect thereto; (ii) default in making any payment of any interest
on any such Material Indebtedness beyond the period of grace, if any, provided in the instrument or agreement under which such
Material Indebtedness was created; or (iii) default in the observance or performance of any other agreement or condition relating
to any such Material Indebtedness or contained in any instrument or agreement evidencing, securing or relating thereto, the effect
of which default is to cause (with all applicable grace periods having expired), or to permit the holder or beneficiary of such
Indebtedness (or a trustee or agent on behalf of such holder or beneficiary) to cause (with all applicable grace periods having
expired), with the giving of notice if required, such Material Indebtedness to become due prior to its stated maturity or (in the
case of any such Indebtedness constituting a Guarantee Obligation) to become payable (provided that this clause (iii) shall
not apply to any Indebtedness that becomes due as a result of a refinancing in full thereof as permitted by the terms of this Agreement);
or

 

    135

     

    

 

(f)           (i) the
Borrower or any Material Subsidiary shall commence any case, proceeding or other action (A) 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, or
(B) seeking appointment of a receiver, trustee, custodian, conservator or other similar official for it or for all or any
substantial part of its assets; or (ii) there shall be commenced against the Borrower or any Material Subsidiary any case,
proceeding or other action of a nature referred to in clause (i) above that (A) results in the entry of an order for
relief or any such adjudication or appointment or (B) remains undismissed or undischarged for a period of 60 consecutive days;
or (iii) there shall be commenced against the Borrower or any Material Subsidiary 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
that results in the entry of an order for any such relief that shall not have been vacated, discharged, or stayed or bonded pending
appeal within 60 days from the entry thereof; or (iv) the Borrower or any Material Subsidiary shall take any 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 (v) the Borrower or any Material Subsidiary shall generally not, or shall be unable to, or shall admit in writing its inability
to, pay its debts as they become due; or (vi) the Borrower or any Material Subsidiary shall make a general assignment for
the benefit of its creditors; or

 

(g)          (i) an
ERISA Event and/or a Foreign Plan Event shall have occurred; (ii) a trustee shall be appointed by a United States district
court to administer any Pension Plan; (iii) the PBGC shall institute proceedings to terminate any Pension Plan; (iv) any
Group Member or any of their respective ERISA Affiliates shall have been notified by the sponsor of a Multiemployer Plan that
it has incurred or will be assessed Withdrawal Liability to such Multiemployer Plan and such entity does not have reasonable grounds
for contesting such Withdrawal Liability or is not contesting such Withdrawal Liability in a timely and appropriate manner; or
(v) any other event or condition shall occur or exist with respect to a Plan, a Foreign Benefit Arrangement, or a Foreign
Plan; and in each case in clauses (i) through (v) above, such event or condition, together with all other such events
or conditions, if any, would reasonably be expected to result in a Material Adverse Effect; or

 

(h)          one
or more judgments or decrees shall be entered against the Borrower or any Material Subsidiary involving in the aggregate a liability
(not paid or fully covered by insurance as to which the relevant insurance company has not disputed coverage) of $75,000,000 or
more, and all such judgments or decrees shall not have been vacated, discharged, stayed or bonded pending appeal within 60 consecutive
days from the entry thereof; or

 

    136 

     

    

 

(i)            any
of the Security Documents or the Intercreditor Agreement shall cease, for any reason, to be in full force and effect, or any Loan
Party shall so assert, or any Lien created by any of the Security Documents on assets that constitute a material portion of the
Collateral shall cease to be enforceable and of the same effect and priority purported to be created thereby (and, for the avoidance
of doubt, as required by the Intercreditor Agreement), except (i) the release thereof as provided in the applicable Loan
Document or Section 10.14 or (ii) as a result of the failure of the Administrative Agent (or its agent or bailee in
accordance with the Intercreditor Agreement) to maintain possession of any stock certificates, promissory notes or other instruments
delivered to it under the Guarantee and Collateral Agreement; or

 

(j)            the
guarantee contained in Article II of the Guarantee and Collateral Agreement shall cease, for any reason, to be in full force
and effect or any Loan Party shall so assert; or

 

(k)           the
subordination provisions contained in any Subordinated Indebtedness with an aggregate principal amount in excess of $75,000,000
shall cease, for any reason, to be in full force and effect, or any Loan Party shall so assert; or

 

(l)            a
Change of Control shall occur;

 

then, and in any
such event, (A) if such event is an Event of Default specified in clause (i) or (ii) of paragraph (f) above
with respect to the Borrower, automatically the Commitments shall immediately terminate and the Loans (with accrued interest thereon)
and all other amounts owing under this Agreement and the other Loan Documents (including all amounts of L/C Obligations, whether
or not the beneficiaries of the then outstanding Letters of Credit shall have presented the documents required thereunder) shall
immediately become due and payable, and (B) if such event is any other Event of Default, either or both of the following actions
may be taken: (i) with the consent of the Required Lenders, the Administrative Agent may, or upon the request of the Required
Lenders, the Administrative Agent shall, by notice to the Borrower declare the Commitments to be terminated forthwith, whereupon
the Commitments shall immediately terminate; and (ii) with the consent of the Required Lenders, the Administrative Agent may,
or upon the request of the Required Lenders, the Administrative Agent shall, by notice to the Borrower, declare the Loans (with
accrued interest thereon) and all other amounts owing under this Agreement and the other Loan Documents (including all amounts
of L/C Obligations, whether or not the beneficiaries of the then outstanding Letters of Credit shall have presented the documents
required thereunder) to be due and payable forthwith, whereupon the same shall immediately become due and payable. With respect
to all Letters of Credit with respect to which presentment for honor shall not have occurred at the time of an acceleration pursuant
to this paragraph, the Borrower shall at such time deposit in a cash collateral account opened by the Administrative Agent an amount
equal to the aggregate then undrawn and unexpired amount of such Letters of Credit. Amounts held in such cash collateral account
shall be applied by the Administrative Agent to the payment of drafts drawn under such Letters of Credit, and the unused portion
thereof after all such Letters of Credit shall have expired or been fully drawn upon, if any, shall be applied to repay other Obligations
of the Borrower hereunder and under the other Loan Documents. After all such Letters of Credit shall have expired or been fully
drawn upon, all Reimbursement Obligations shall have been satisfied and all other Obligations of the Borrower hereunder and under
the other Loan Documents shall have been paid in full, the balance, if any, in such cash collateral account shall be returned to
the Borrower (or such other Person as may be lawfully entitled thereto). Except as expressly provided above in this Section 8,
presentment, demand, protest and all other notices of any kind are hereby expressly waived by the Borrower.

 

    137 

     

    

 

In addition to
any other rights and remedies granted to the Administrative Agent and the Lenders in the Loan Documents, the Administrative Agent
on behalf of the Lenders may exercise all rights and remedies of a secured party under the New York Uniform Commercial Code or
any other applicable law. Without limiting the generality of the foregoing, the Administrative Agent, without demand of performance
or other demand, presentment, protest, advertisement or notice of any kind (except any notice required by law referred to below)
to or upon any Loan Party or any other Person (all and each of which demands, defenses, advertisements and notices are hereby waived),
may in such circumstances forthwith collect, receive, appropriate and realize upon the Collateral, or any part thereof, or consent
to the use by the Loan Parties of any cash collateral arising in respect of the Collateral on such terms as the Administrative
Agent deems reasonable, and/or may forthwith sell, lease, assign give an option or options to purchase or otherwise dispose of
and deliver, or acquire by credit bid on behalf of the Lenders, the Collateral or any part thereof (or contract to do any of the
foregoing), in one or more parcels at public or private sale or sales, at any exchange, broker’s board or office of the Administrative
Agent or any Lender or elsewhere, upon such terms and conditions as it may deem advisable and at such prices as it may deem best,
for cash or on credit or for future delivery, all without assumption of any credit risk. The Administrative Agent or any Lender
shall have the right upon any such public sale or sales, and, to the extent permitted by law, upon any such private sale or sales,
to purchase the whole or any part of the Collateral so sold, free of any right or equity of redemption in any Loan Party, which
right or equity is hereby waived and released. The Borrower further agrees, at the Administrative Agent’s request, to assemble,
or cause the applicable Loan Party to assemble, the Collateral and make it available to the Administrative Agent at places which
the Administrative Agent shall reasonably select, whether at the Borrower’s or such Loan Party’s premises or elsewhere.
The Administrative Agent shall apply the net proceeds of any action taken by it pursuant to this Section 8, after deducting
all reasonable costs and expenses of every kind incurred in connection therewith or incidental to the care or safekeeping of any
of the Collateral or in any other way relating to the Collateral or the rights of the Administrative Agent and the Lenders hereunder,
including reasonable attorneys’ fees and disbursements, to the payment in whole or in part of the obligations of the Loan
Parties under the Loan Documents, in such order as the Administrative Agent may elect, and only after such application and after
the payment by the Administrative Agent of any other amount required by any provision of law, including Section 9-615(a)(3) of
the New York UCC, need the Administrative Agent account for the surplus, if any, to any Loan Party. To the extent permitted by
applicable law, the Borrower on behalf of itself and the other Loan Parties, waives all claims, damages and demands it or any other
Loan Party may acquire against the Administrative Agent or any Lender arising out of the exercise by them of any rights hereunder.
If any notice of a proposed sale or other disposition of Collateral shall be required by law, such notice shall be deemed reasonable
and proper if given at least 10 days before such sale or other disposition.

 

    138 

     

    

 

SECTION 9.  THE
AGENTS

 

9.1          Appointment.
(a)  As to any matters not expressly provided for herein and in the other Loan Documents (including enforcement or collection),
the Administrative Agent shall not be required to exercise any discretion or take any action, but shall be required to act or to
refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the written instructions of the
Required Lenders (or such other number or percentage of the Lenders as shall be necessary, pursuant to the terms in the Loan Documents),
and, unless and until revoked in writing, such instructions shall be binding upon each Lender; provided, however,
that the Administrative Agent shall not be required to take any action that (i) the Administrative Agent in good faith believes
exposes it to liability unless the Administrative Agent receives an indemnification and is exculpated in a manner satisfactory
to it from the Lenders and the Issuing Lenders with respect to such action or (ii) is contrary to this Agreement or any other
Loan Document or applicable law, including any action that may be in violation of the automatic stay under any requirement of law
relating to bankruptcy, insolvency or reorganization or relief of debtors or that may effect a forfeiture, modification or termination
of property of a Lender in violation of any requirement of law relating to bankruptcy, insolvency or reorganization or relief of
debtors; provided, further, that the Administrative Agent may seek clarification or direction from the Required Lenders
prior to the exercise of any such instructed action and may refrain from acting until such clarification or direction has been
provided. Except as expressly set forth in the Loan Documents, the Administrative Agent shall not have any duty to disclose, and
shall not be liable for the failure to disclose, any information relating to the Borrower, any Subsidiary or any Affiliate of any
of the foregoing that is communicated to or obtained by the Person serving as Administrative Agent or any of its Affiliates in
any capacity. Nothing in this Agreement shall require the Administrative Agent to expend or risk its own funds or otherwise incur
any financial liability in the performance of any of its duties hereunder or in the exercise of any of its rights or powers if
it shall have reasonable grounds for believing that repayment of such funds or adequate indemnity against such risk or liability
is not reasonably assured to it.

 

(b)          Each
Lender hereby irrevocably appoints the entity named as Administrative Agent in the heading of this Agreement and its successors
and assigns to serve as the administrative agent under the Loan Documents and each Lender and each Issuing Lender authorizes the
Administrative Agent to take such actions as agent on its behalf and to exercise such powers under this Agreement and the other
Loan Documents as are delegated to the Administrative Agent under such agreements and to exercise such powers as are reasonably
incidental thereto. Without limiting the foregoing, each Lender hereby authorizes the Administrative Agent to execute and deliver,
and to perform its obligations under, each of the Loan Documents to which the Administrative Agent is a party, and to exercise
all rights, powers and remedies that the Administrative Agent may have under such Loan Documents.

 

    139 

     

    

 

(c)           In
performing its functions and duties hereunder and under the other Loan Documents, the Administrative Agent is acting solely on
behalf of the Lenders and the Issuing Lenders (except in limited circumstances expressly provided for herein relating to the maintenance
of the Register), and its duties are entirely mechanical and administrative in nature. Without limiting the generality of the
foregoing, the Administrative Agent does not assume and shall not be deemed to have assumed any obligation or duty or any other
relationship as the agent, fiduciary or trustee of or for any Lender, other than as expressly set forth herein and in the other
Loan Documents, regardless of whether a Default or an Event of Default has occurred and is continuing (and it is understood and
agreed that the use of the term “agent” (or any similar term) herein or in any other Loan Document with reference
to the Administrative Agent is not intended to connote any fiduciary duty or other implied (or express) obligations arising under
agency doctrine of any applicable law, and that such term is used as a matter of market custom and is intended to create or reflect
only an administrative relationship between contracting parties); additionally, each Lender agrees that it will not assert any
claim against the Administrative Agent based on an alleged breach of fiduciary duty by the Administrative Agent in connection
with this Agreement and/or the transactions contemplated hereby.

 

(d)           Nothing
in this Agreement or any Loan Document shall require the Administrative Agent to account to any Lender for any sum or the profit
element of any sum received by the Administrative Agent for its own account.

 

(e)           The
Administrative Agent may perform any of its duties and exercise its rights and powers hereunder or under any other Loan Document
by or through any one or more sub-agents appointed by the Administrative Agent. The Administrative Agent and any such sub-agent
may perform any of their respective duties and exercise their respective rights and powers through their respective Related Parties.
The exculpatory provisions of this Article shall apply to any such sub-agent and to the Related Parties of the Administrative
Agent and any such sub-agent, and shall apply to their respective activities pursuant to this Agreement. The Administrative Agent
shall not be responsible for the negligence or misconduct of any sub-agent except to the extent that a court of competent jurisdiction
determines in a final and nonappealable judgment that the Administrative Agent acted with gross negligence or willful misconduct
in the selection of such sub-agent.

 

(f)            The
Arrangers, the Persons listed as Co-Syndication Agents on the front page of this Agreement and the Persons listed as Co-Documentation
Agents on the front page of this Agreement shall have no obligations or duties whatsoever in such capacity under this Agreement
or any other Loan Document and shall incur no liability hereunder or thereunder in such capacity, but all such persons shall have
the benefit of the indemnities provided for hereunder.

 

(g)           In
case of the pendency of any proceeding with respect to any Loan Party under any Federal, state or foreign bankruptcy, insolvency,
receivership or similar law now or hereafter in effect, the Administrative Agent (irrespective of whether the principal of any
Loan or any Reimbursement Obligation shall then be due and payable as herein expressed or by declaration or otherwise and irrespective
of whether the Administrative Agent shall have made any demand on the Borrower) shall be entitled and empowered (but not obligated)
by intervention in such proceeding or otherwise:

 

(i)            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 under Sections 2.12, 2.13, 2.15, 2.17 and 9.3) allowed in such
judicial proceeding; and

 

    140 

     

    

 

(ii)            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 proceeding is hereby authorized by
each Lender and each other Secured Party to make such payments to the Administrative Agent and, in the event that the Administrative
Agent shall consent to the making of such payments directly to the Lenders or the other Secured Parties, to pay to the Administrative
Agent any amount due to it, in its capacity as the Administrative Agent, under the Loan Documents (including under Section 9.3).
Nothing contained herein shall be deemed to authorize the Administrative Agent to authorize or consent to or accept or adopt on
behalf of any Lender or Issuing Lender any plan of reorganization, arrangement, adjustment or composition affecting the Obligations
or the rights of any Lender or Issuing Lender or to authorize the Administrative Agent to vote in respect of the claim of any Lender
or Issuing Lender in any such proceeding.

 

(h)           The
provisions of this Article are solely for the benefit of the Administrative Agent, the Lenders and the Issuing Lenders, and,
except solely to the extent of the Borrower’s rights to consent pursuant to and subject to the conditions set forth in this
Article, none of the Borrower or any Subsidiary, or any of their respective Affiliates, shall have any rights as a third party
beneficiary under any such provisions. Each Secured Party, whether or not a party hereto, will be deemed, by its acceptance of
the benefits of the Collateral and of the Guarantees of the Obligations provided under the Loan Documents, to have agreed to the
provisions of this Article.

 

9.2           Administrative
Agent’s Reliance, Indemnification, Etc. (a)  Neither the Administrative Agent nor any of its Related Parties
shall be (i) liable for any action taken or omitted to be taken by such party, the Administrative Agent or any of its Related
Parties under or in connection with this Agreement or the other Loan Documents (x) with the consent of or at the request
of the Required Lenders (or such other number or percentage of the Lenders as shall be necessary, or as the Administrative Agent
shall believe in good faith to be necessary, under the circumstances as provided in the Loan Documents) or (y) in the absence
of its own gross negligence or willful misconduct (such absence to be presumed unless otherwise determined by a court of competent
jurisdiction by a final and non-appealable judgment) or (ii) responsible in any manner to any of the Lenders for any recitals,
statements, representations or warranties made by any Loan Party or any officer thereof contained in this Agreement or any other
Loan Document or in any certificate, report, statement or other document referred to or provided for in, or received by the Administrative
Agent under or in connection with, this Agreement or any other Loan Document or for the value, validity, effectiveness, genuineness,
enforceability or sufficiency of this Agreement or any other Loan Document or for any failure of any Loan Party to perform its
obligations hereunder or thereunder.

 

(b)           The
Administrative Agent shall be deemed not to have knowledge of any Default unless and until written notice thereof (stating that
it is a “notice of default”) is given to the Administrative Agent by the Borrower, a Lender or an Issuing Lender,
and the Administrative Agent shall not be responsible for or have any duty to ascertain or inquire into (i) any statement,
warranty or representation made in or in connection with any Loan Document, (ii) the contents of any certificate, report
or other document delivered thereunder or in connection therewith, (iii) the performance or observance of any of the covenants,
agreements or other terms or conditions set forth in any Loan Document or the occurrence of any Default, (iv) the sufficiency,
validity, enforceability, effectiveness or genuineness of any Loan Document or any other agreement, instrument or document, (v) the
satisfaction of any condition set forth in Article IV or elsewhere in any Loan Document, other than to confirm receipt of
items (which on their face purport to be such items) expressly required to be delivered to the Administrative Agent or satisfaction
of any condition that expressly refers to the matters described therein being acceptable or satisfactory to the Administrative
Agent or (vi) the creation, perfection or priority of Liens on the Collateral.

 

    141 

     

    

 

(c)            Without
limiting the foregoing, the Administrative Agent (i) may treat the payee of any promissory note as its holder until such promissory
note has been assigned in accordance with Section 10.6, (ii) may rely on the Register to the extent set forth in Section 10.6(b),
(iii) may consult with legal counsel (including counsel to the Borrower), independent public accountants and other experts
selected by it, and shall not be liable for any action taken or omitted to be taken in good faith by it in accordance with the
advice of such counsel, accountants or experts, (iv) makes no warranty or representation to any Lender or Issuing Lender and
shall not be responsible to any Lender or Issuing Lender for any statements, warranties or representations made by or on behalf
of any Loan Party in connection with this Agreement or any other Loan Document, (v) in determining compliance with any condition
hereunder to the making of a Loan, or the issuance of a Letter of Credit, that by its terms must be fulfilled to the satisfaction
of a Lender or an Issuing Lender, may presume that such condition is satisfactory to such Lender or Issuing Lender unless the Administrative
Agent shall have received notice to the contrary from such Lender or Issuing Lender sufficiently in advance of the making of such
Loan or the issuance of such Letter of Credit and (vi) shall be entitled to rely on, and shall incur no liability under or
in respect of this Agreement or any other Loan Document by acting upon, any notice, consent, certificate or other instrument or
writing (which writing may be a fax, any electronic message, Internet or intranet website posting or other distribution) or
any statement made to it orally or by telephone and believed by it to be genuine and signed or sent or otherwise authenticated
by the proper party or parties (whether or not such Person in fact meets the requirements set forth in the Loan Documents for being
the maker thereof).

 

9.3            Posting
of Communications. (a)  The Borrower agrees that the Administrative Agent may, but shall not be obligated to, make any
Communications available to the Lenders and the Issuing Lenders by posting the Communications on IntraLinksTM, DebtDomain,
SyndTrak, ClearPar or any other electronic platform chosen by the Administrative Agent to be its electronic transmission system
(the “Approved Electronic Platform”).

 

(b)            Although
the Approved Electronic Platform 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) and the Approved Electronic Platform is secured through a per-deal authorization method whereby each user may access the
Approved Electronic Platform only on a deal-by-deal basis, each of the Lenders, each of the Issuing Lenders and the Borrower 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 any Lender that are added to the Approved Electronic
Platform, and that there may be confidentiality and other risks associated with such distribution. Each of the Lenders, each of
the Issuing Lenders and the Borrower hereby approves distribution of the Communications through the Approved Electronic Platform
and understands and assumes the risks of such distribution.

 

    142 

     

    

 

(c)           THE
APPROVED ELECTRONIC PLATFORM AND THE COMMUNICATIONS ARE PROVIDED “AS IS” AND “AS AVAILABLE”. THE
APPLICABLE PARTIES (AS DEFINED BELOW) DO NOT WARRANT THE ACCURACY OR COMPLETENESS OF THE COMMUNICATIONS, OR THE ADEQUACY OF THE
APPROVED ELECTRONIC PLATFORM AND EXPRESSLY DISCLAIM LIABILITY FOR ERRORS OR OMISSIONS IN THE APPROVED ELECTRONIC PLATFORM AND
THE 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 COMMUNICATIONS OR THE APPROVED ELECTRONIC PLATFORM. IN NO EVENT SHALL THE
ADMINISTRATIVE AGENT, ANY ARRANGER OR ANY OF THEIR RESPECTIVE RELATED PARTIES (COLLECTIVELY, “APPLICABLE PARTIES”)
HAVE ANY LIABILITY TO ANY LOAN PARTY, ANY LENDER, ANY ISSUING LENDER 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 ANY LOAN PARTY’S OR THE ADMINISTRATIVE AGENT’S TRANSMISSION OF COMMUNICATIONS THROUGH THE INTERNET
OR THE APPROVED ELECTRONIC PLATFORM.

 

(d)           Each
Lender agrees that notice to it (as provided in the next sentence) specifying that Communications have been posted to the Approved
Electronic Platform shall constitute effective delivery of the Communications to such Lender for purposes of the Loan Documents.
Each Lender agrees (i) to notify the Administrative Agent in writing (which could be in the form of electronic communication)
from time to time of such Lender’s or Issuing Lender’s (as applicable) email address to which the foregoing notice
may be sent by electronic transmission and (ii) that the foregoing notice may be sent to such email address.

 

(e)           Each
of the Lenders and the Borrower agrees that the Administrative Agent may, but (except as may be required by applicable law) shall
not be obligated to, store the Communications on the Approved Electronic Platform in accordance with the Administrative Agent’s
generally applicable document retention procedures and policies.

 

(f)           Nothing
herein shall prejudice the right of the Administrative Agent or any Lender to give any notice or other communication pursuant
to any Loan Document in any other manner specified in such Loan Document.

 

9.4          The
Administrative Agent Individually. With respect to its Commitment and Loans, Letter of Credit Commitments and Letters of Credit,
the Person serving as the Administrative Agent shall have and may exercise the same rights and powers hereunder and is subject
to the same obligations and liabilities as and to the extent set forth herein for any other Lender or Issuing Lender, as the case
may be. The terms “Lenders”, “Required Lenders” and any similar terms shall, unless the context clearly
otherwise indicates, include the Administrative Agent in its individual capacity as a Lender or as one of the Required Lenders,
as applicable. The Person serving as the Administrative Agent and its Affiliates may accept deposits from, lend money to, own
securities of, act as the financial advisor or in any other advisory capacity for and generally engage in any kind of banking,
trust or other business with, the Borrower, any Subsidiary or any Affiliate of any of the foregoing as if such Person was not
acting as the Administrative Agent and without any duty to account therefor to the Lenders or the Issuing Lenders.

 

    143 

     

    

 

9.5          Successor
Administrative Agent. (a)  The Administrative Agent may resign at any time by giving 30 days’ prior written notice
thereof to the Lenders and the Borrower, whether or not a successor Administrative Agent has been appointed. Upon any such resignation,
the Required Lenders shall have the right to appoint a successor Administrative Agent. If no successor Administrative Agent shall
have been so appointed by the Required Lenders, and shall have accepted such appointment, within 30 days after the retiring Administrative
Agent’s giving of notice of resignation, then the retiring Administrative Agent may, on behalf of the Lenders, appoint a
successor Administrative Agent, which shall be a bank with an office in New York, New York or an Affiliate of any such bank. In
either case, (i) such appointment shall be subject to the prior written approval of the Borrower (which approval may not be
unreasonably withheld and shall not be required while an Event of Default has occurred and is continuing) and (ii) in no event
shall a successor Administrative Agent be a Disqualified Lender. Upon the acceptance of any appointment as Administrative Agent
by a successor Administrative Agent, such successor Administrative Agent shall succeed to, and become vested with, all the rights,
powers, privileges and duties of the retiring Administrative Agent. Upon the acceptance of appointment as Administrative Agent
by a successor Administrative Agent, the retiring Administrative Agent shall be discharged from its duties and obligations under
this Agreement and the other Loan Documents. Prior to any retiring Administrative Agent’s resignation hereunder as Administrative
Agent, the retiring Administrative Agent shall take such action as may be reasonably necessary to assign to the successor Administrative
Agent its rights as Administrative Agent under the Loan Documents.

 

(b)          Notwithstanding
paragraph (a) of this Section 9.5, in the event no successor Administrative Agent shall have been so appointed and shall
have accepted such appointment within 30 days after the retiring Administrative Agent gives notice of its intent to resign, the
retiring Administrative Agent may give notice of the effectiveness of its resignation to the Lenders and the Borrower, whereupon,
on the date of effectiveness of such resignation stated in such notice, (i) the retiring Administrative Agent shall be discharged
from its duties and obligations hereunder and under the other Loan Documents; provided that, solely for purposes of maintaining
any security interest granted to the Administrative Agent under any Security Document for the benefit of the Secured Parties,
the retiring Administrative Agent shall continue to be vested with such security interest as collateral agent for the benefit
of the Secured Parties, and continue to be entitled to the rights set forth in such Security Document and Loan Document, and,
in the case of any Collateral in the possession of the Administrative Agent, shall continue to hold such Collateral, in each case
until such time as a successor Administrative Agent is appointed and accepts such appointment in accordance with this Section 9.5
(it being understood and agreed that the retiring Administrative Agent shall have no duty or obligation to take any further action
under any Security Document, including any action required to maintain the perfection of any such security interest), and (ii) the
Required Lenders shall succeed to and become vested with all the rights, powers, privileges and duties of the retiring Administrative
Agent; provided that (A) all payments required to be made hereunder or under any other Loan Document to the Administrative
Agent for the account of any Person other than the Administrative Agent shall be made directly to such Person and (B) all
notices and other communications required or contemplated to be given or made to the Administrative Agent shall directly be given
or made to each Lender. Following the effectiveness of the Administrative Agent’s resignation from its capacity as such,
the provisions of this Article and Section 10.3, as well as any exculpatory, reimbursement and indemnification provisions
set forth in any other Loan Document, shall continue in effect for the benefit of such retiring Administrative Agent, its sub-agents
and their respective Related Parties in respect of any actions taken or omitted to be taken by any of them while the retiring
Administrative Agent was acting as Administrative Agent and in respect of the matters referred to in the proviso under clause
(i) above.

 

    144 

     

    

 

9.6           Acknowledgements
of Lenders and Issuing Lenders. (a)  Each Lender represents that it is engaged in making, acquiring or holding commercial
loans in the ordinary course of its business and that it has, independently and without reliance upon the Administrative Agent,
any Arranger or any other Lender, or any of the Related Parties of any of the foregoing, and based on such documents and information
as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement as a Lender, and to make,
acquire or hold Loans hereunder. Each Lender also acknowledges that it will, independently and without reliance upon the Administrative
Agent, any Arranger or any other Lender, or any of the Related Parties of any of the foregoing, and based on such documents and
information (which may contain material, non-public information within the meaning of the United States securities laws concerning
the Borrower and its Affiliates) as it shall from time to time deem appropriate, continue to make its own decisions in taking
or not taking action under or based upon this Agreement, any other Loan Document or any related agreement or any document furnished
hereunder or thereunder.

 

(b)          Each
Lender, by delivering its signature page to this Agreement on the Closing Date, or delivering its signature page to
an Assignment and Assumption or any other Loan Document pursuant to which it shall become a Lender hereunder, shall be deemed
to have acknowledged receipt of, and consented to and approved, each Loan Document and each other document required to be delivered
to, or be approved by or satisfactory to, the Administrative Agent or the Lenders on the Closing Date.

 

9.7          Collateral
Matters. (a)  Except with respect to the exercise of setoff rights in accordance with Section 9.8 or with respect
to a Secured Party’s right to file a proof of claim in an insolvency proceeding, no Secured Party shall have any right individually
to realize upon any of the Collateral or to enforce any Guarantee of the Obligations, it being understood and agreed that all
powers, rights and remedies under the Loan Documents may be exercised solely by the Administrative Agent on behalf of the Secured
Parties in accordance with the terms thereof.

 

(b)          The
Secured Parties irrevocably authorize the Administrative Agent, at its option and in its discretion, to subordinate any Lien on
any property granted to or held by the Administrative Agent under any Loan Document to the holder of any Lien on such property
that is permitted by Section 7.3. The Administrative Agent shall not be responsible for or have a duty to ascertain or inquire
into any representation or warranty regarding the existence, value or collectability of the Collateral, the existence, priority
or perfection of the Administrative Agent’s Lien thereon or any certificate prepared by any Loan Party in connection therewith,
nor shall the Administrative Agent be responsible or liable to the Lenders or any other Secured Party for any failure to monitor
or maintain any portion of the Collateral.

 

    145 

     

    

 

9.8          Credit
Bidding. The Secured Parties hereby irrevocably authorize the Administrative Agent, at the direction of the Required Lenders,
to credit bid all or any portion of the Obligations (including by accepting some or all of the Collateral in satisfaction of some
or all of the Obligations pursuant to a deed in lieu of foreclosure or otherwise) and in such manner purchase (either directly
or through one or more acquisition vehicles) all or any portion of the Collateral (a) at any sale thereof conducted under
the provisions of the Bankruptcy Code, including under Sections 363, 1123 or 1129 of the Bankruptcy Code, or any similar laws
in any other jurisdictions to which a Loan Party is subject, or (b) at any other sale, foreclosure or acceptance of collateral
in lieu of debt conducted by (or with the consent or at the direction of) the Administrative Agent (whether by judicial action
or otherwise) in accordance with any applicable law. In connection with any such credit bid and purchase, the Obligations owed
to the Secured Parties shall be entitled to be, and shall be, credit bid by the Administrative Agent at the direction of the Required
Lenders on a ratable basis (with Obligations with respect to contingent or unliquidated claims receiving contingent interests
in the acquired assets on a ratable basis that shall vest upon the liquidation of such claims in an amount proportional to the
liquidated portion of the contingent claim amount used in allocating the contingent interests) for the asset or assets so purchased
(or for the equity interests or debt instruments of the acquisition vehicle or vehicles that are issued in connection with such
purchase). In connection with any such bid, (i) the Administrative Agent shall be authorized to form one or more acquisition
vehicles and to assign any successful credit bid to such acquisition vehicle or vehicles, (ii) each of the Secured Parties’
ratable interests in the Obligations which were credit bid shall be deemed without any further action under this Agreement to
be assigned to such vehicle or vehicles for the purpose of closing such sale, (iii) the Administrative Agent shall be authorized
to adopt documents providing for the governance of the acquisition vehicle or vehicles (provided that any actions by the Administrative
Agent with respect to such acquisition vehicle or vehicles, including any disposition of the assets or equity interests thereof,
shall be governed, directly or indirectly, by, and the governing documents shall provide for, control by the vote of the Required
Lenders or their permitted assignees under the terms of this Agreement or the governing documents of the applicable acquisition
vehicle or vehicles, as the case may be, irrespective of the termination of this Agreement and without giving effect to the limitations
on actions by the Required Lenders contained in Section 10.1 of this Agreement), (iv) the Administrative Agent on behalf
of such acquisition vehicle or vehicles shall be authorized to issue to each of the Secured Parties, ratably on account of the
relevant Obligations which were credit bid, interests, whether as equity, partnership interests, limited partnership interests
or membership interests, in any such acquisition vehicle and/or debt instruments issued by such acquisition vehicle, all without
the need for any Secured Party or acquisition vehicle to take any further action, and (v) to the extent that Obligations
that are assigned to an acquisition vehicle are not used to acquire Collateral for any reason (as a result of another bid being
higher or better, because the amount of Obligations assigned to the acquisition vehicle exceeds the amount of Obligations credit
bid by the acquisition vehicle or otherwise), such Obligations shall automatically be reassigned to the Secured Parties pro rata
with their original interest in such Obligations and the equity interests and/or debt instruments issued by any acquisition vehicle
on account of such Obligations shall automatically be cancelled, without the need for any Secured Party or any acquisition vehicle
to take any further action. Notwithstanding that the ratable portion of the Obligations of each Secured Party are deemed assigned
to the acquisition vehicle or vehicles as set forth in clause (ii) above, each Secured Party shall execute such documents
and provide such information regarding the Secured Party (and/or any designee of the Secured Party which will receive interests
in or debt instruments issued by such acquisition vehicle) as the Administrative Agent may reasonably request in connection with
the formation of any acquisition vehicle, the formulation or submission of any credit bid or the consummation of the transactions
contemplated by such credit bid.

 

    146 

     

    

 

9.9           Certain
ERISA Matters. (a)  Each Lender (x) represents and warrants, as of the date such Person became a Lender party hereto,
to, and (y) covenants, from the date such Person became a Lender party hereto to the date such Person ceases being a Lender
party hereto, for the benefit of, the Administrative Agent, and not, for the avoidance of doubt, to or for the benefit of the
Borrower or any other Loan Party, that at least one of the following is and will be true:

 

(i)        such
Lender is not using “plan assets” (within the meaning of the Plan Asset Regulations or otherwise) of one or more Benefit
Plans with respect to such Lender’s entrance into, participation in, administration of and performance of the Loans, the
Letters of Credit, the Commitments or this Agreement,

 

(ii)        the
transaction exemption set forth in one or more PTEs, such as PTE 84-14 (a class exemption for certain transactions determined
by independent qualified professional asset managers), PTE 95-60 (a class exemption for certain transactions involving insurance
company general accounts), PTE 90-1 (a class exemption for certain transactions involving insurance company pooled separate accounts),
PTE 91-38 (a class exemption for certain transactions involving bank collective investment funds) or PTE 96-23 (a class exemption
for certain transactions determined by in-house asset managers), is applicable with respect to such Lender’s entrance into,
participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement,

 

(iii)       (A) such
Lender is an investment fund managed by a “Qualified Professional Asset Manager” (within the meaning of Part VI
of PTE 84-14), (B) such Qualified Professional Asset Manager made the investment decision on behalf of such Lender to enter
into, participate in, administer and perform the Loans, the Letters of Credit, the Commitments and this Agreement, (C) the
entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this
Agreement satisfies the requirements of sub-sections (b) through (g) of Part I of PTE 84-14 and (D) to the
best knowledge of such Lender, the requirements of subsection (a) of Part I of PTE 84-14 are satisfied with respect
to such Lender’s entrance into, participation in, administration of and performance of the Loans, the Letters of Credit,
the Commitments and this Agreement, or

 

(iv)      such
other representation, warranty and covenant as may be agreed in writing between the Administrative Agent, in its sole discretion,
and such Lender.

 

    147 

     

    

 

(b)          In
addition, unless sub-clause (i) in the immediately preceding clause (a) is true with respect to a Lender or such Lender
has provided another representation, warranty and covenant in accordance with sub-clause (iv) in the immediately preceding
clause (a), such Lender further (x) represents and warrants, as of the date such Person became a Lender party hereto, to,
and (y) covenants, from the date such Person became a Lender party hereto to the date such Person ceases being a Lender party
hereto, for the benefit of, the Administrative Agent, and not, for the avoidance of doubt, to or for the benefit of the Borrower
or any other Loan Party, that the Administrative Agent is not a fiduciary with respect to the Collateral or 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 to hereto or thereto).

 

SECTION 10.  MISCELLANEOUS

 

10.1        Amendments
and Waivers. Subject to Section 2.16(b) through (f) neither this Agreement, any other Loan Document, nor any
terms hereof or thereof may be amended, supplemented or modified except in accordance with the provisions
of this Section 10.1. The Required Lenders and each Loan Party party to the relevant Loan Document may, or, with the written
consent of the Required Lenders, the Administrative Agent and each Loan Party party to the relevant Loan Document may, from time
to time, (a) enter into written amendments, supplements or modifications hereto and to the other Loan Documents for the purpose
of adding any provisions to this Agreement or the other Loan Documents or changing in any manner the rights of the Lenders or of
the Loan Parties hereunder or thereunder or (b) waive, 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; provided, however, that no such waiver and no such amendment,
supplement or modification shall (i) forgive the principal amount or extend the final scheduled date of maturity of any Loan,
reduce the stated rate of any interest or fee payable hereunder (except (x) in connection with the waiver of applicability
of any post-default increase in interest rates (which waiver shall be effective with the consent of the Required Lenders) and (y) that
any amendment or modification of defined terms used in the financial covenants in this Agreement shall not constitute a reduction
in the rate of interest or fees for purposes of this clause (i)) or extend the scheduled date of any payment thereof, or increase
the amount or extend the expiration date of any Lender’s Commitment, in each case without the written consent of each Lender
directly affected thereby; (ii) eliminate or reduce the voting rights of any Lender under this Section 10.1 without the
written consent of such Lender; (iii) reduce any percentage specified in the definition of “Required Lenders”
or “Supermajority Lenders” without the written consent of each Lender or change any other provision of this Agreement
or any other Loan Document specifying the number or percentage of Lenders (or Lenders of any Facility) required to waive, amend
or otherwise modify any rights thereunder or make any determination or grant any consent thereunder without the written consent
of each Lender (or each Lender of the applicable Facility, as applicable), (iv) consent to the assignment or transfer by the
Borrower of any of its rights and obligations under this Agreement and the other Loan Documents, release all or substantially all
of the Collateral or release all or substantially all of the value of the guarantees provided by the Subsidiary Guarantors taken
as a whole, in each case without the written consent of all Lenders; (v) amend, modify or waive any provision of Section 2.17
or Section 6.4 of the Guarantee and Collateral Agreement, in each case, without the written consent of each Lender adversely
affected thereby; (vi) increase the advance rates set forth in the definition of “Borrowing Base” or add new categories
of eligible assets, without the written consent of the Supermajority Lenders; (vii) modify eligibility criteria, as such eligibility
criteria are in effect on the Closing Date (including adding new categories of eligible assets or eliminating any category of the
Reserves in effect on the Closing Date; provided, however, that, for the avoidance of doubt, notwithstanding anything
in this Section 10.1 to the contrary, the Administrative Agent may, in its Permitted Discretion and without the consent of
any other Lenders, eliminate any category of Reserve that was added after the Closing Date by the Administrative Agent) in any
manner that has the effect of increasing the amounts available to be borrowed hereunder without the written consent of the Supermajority
Lenders; (viii) amend, modify or waive any provision of Section 9 or any other provision of any Loan Document that affects
the Administrative Agent without the written consent of the Administrative Agent; (ix) [reserved]; or (x) amend,
modify or waive any provision of Section 3 relating to the rights or obligations of the Issuing Lender without the written
consent of the Issuing Lender. Any such waiver and any such amendment, supplement or modification shall apply equally to each of
the Lenders and shall be binding upon the Loan Parties, the Lenders, the Administrative Agent and all future holders of the Loans.
In the case of any waiver, the Loan Parties, the Lenders and the Administrative Agent 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.

 

    148 

     

    

 

Furthermore, notwithstanding
the foregoing, (i) the Administrative Agent, with the consent of the Borrower, may amend, modify or supplement any Loan Document
without the consent of any Lender or the Required Lenders in order to correct, amend or cure any ambiguity, inconsistency or defect
or correct any typographical error or other manifest error in any Loan Document and (ii) the Loan Documents may be amended
in accordance with Section 2.24.

 

10.2        Notices.
All notices, requests and demands to or upon the respective parties hereto to be effective shall be in writing (including by facsimile
or e-mail), and, unless otherwise expressly provided herein, shall be deemed to have been duly given or made when delivered, or
three Business Days after being deposited in the mail, postage prepaid, or, in the case of facsimile or e-mail notice, when sent
(except that, if not given during normal business hours for the recipient, shall be deemed to have been given at the opening of
business on the next Business Day for the recipient), addressed as follows in the case of the Borrower and the Administrative
Agent, and as set forth in an administrative questionnaire delivered 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:

 

	 	Borrower:	Rent-A-Center, Inc.
	 	 	5501 Headquarters Drive
	 	 	Plano, Texas 75024
	 	 	Attention: Maureen B. Short, Chief Financial Officer Facsimile: (972) 943-0116
	 	 	E-mail: Maureen.short@rentacenter.com
	 	 	 
	 	with a copy to:	 
	 	 	Sullivan & Cromwell LLP
	 	 	125 Broad Street
	 	 	New York, New York 10004
	 	 	Attention: Ari B. Blaut
	 	 	Facsimile: (212) 291-9219
	 	 	E-mail: blauta@sullcrom.com

 

    149 

     

    

 

	 	Administrative Agent:	JPMorgan Chase Bank, N.A.
	 	 	2200 Ross Avenue, 9th Floor
	 	 	Dallas, Texas 75201
	 	 	Attention: Alexander Vardaman
	 	 	Telephone: (214)965-3275
	 	 	E-mail: alexander.vardaman@jpmorgan.com

 

Notices and other communications
to the Lenders hereunder may be delivered or furnished by electronic communications pursuant to procedures approved by the Administrative
Agent; provided that the foregoing shall not apply to notices delivered to any Lender pursuant to Section 2 if such
Lender has notified the Administrative Agent that it is incapable of receiving notices under such Section by electronic communication.
The Administrative Agent or the Borrower may, in its discretion, agree to accept notices and other communications to it hereunder
by electronic communications pursuant to procedures approved by it; provided that approval of such procedures may be limited
to particular notices or communications.

 

10.3        No
Waiver; Cumulative Remedies. No failure to exercise and no delay in exercising, on the part of the Administrative Agent or
any Lender, 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.

 

10.4         Survival
of Representations and Warranties. All representations and warranties made hereunder, in the other Loan Documents and in any
document, certificate or statement delivered pursuant hereto or in connection herewith shall survive the execution and delivery
of this Agreement and the making of the Loans and other extensions of credit hereunder.

 

    150 

     

    

 

10.5        Payment
of Expenses and Taxes; Indemnification; Limitation of Liability. The Borrower agrees (a) to pay or reimburse the Administrative
Agent and the Arrangers for all of their respective reasonable and documented out-of-pocket costs and expenses incurred in connection
with the syndication of the Commitments and the development, preparation and execution 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, and the
consummation and administration of the transactions contemplated hereby and thereby, including the reasonable and documented fees,
disbursements and other charges of one primary counsel to the Administrative Agent and the Arrangers and, if necessary, one local
counsel in each applicable jurisdiction and filing and recording fees and expenses, with statements with respect to the foregoing
to be submitted to the Borrower prior to the Closing Date (in the case of amounts to be paid on the Closing Date) and from time
to time thereafter on a quarterly basis or such other periodic basis as the Administrative Agent shall deem appropriate, (b) to
pay or reimburse each Lender, the Issuing Lender and the Administrative Agent for its reasonable and documented costs and out-of-pocket
expenses incurred in connection with the enforcement or preservation of any rights under this Agreement, the other Loan Documents
and any such other documents, including reasonable and documented fees, disbursements and other charges of counsel to the Administrative
Agent and the Lenders and including the reasonable and documented costs and expenses incurred during any workout, restructuring
or negotiations (it being understood that expenses reimbursed by the Borrower under this Section 10.5 shall include costs
and expenses incurred in connection with (1) appraisals, environmental reviews and insurance reviews, (2) field examinations
pursuant to Section 6.6 and the preparation of Reports in connection therewith based on the fees charged by a third party
retained by the Administrative Agent or the internally allocated fees for each Person employed by the Administrative Agent with
respect to each field examination. and (3) forwarding loan proceeds, collecting checks and other items of payment and establishing
and maintaining the accounts and lock boxes, and costs and expenses of preserving and protecting the Collateral), (c) to
pay, indemnify, and hold each Lender, the Issuing Lender and the Administrative Agent harmless from, any and all recording and
filing fees and any and all liabilities with respect to, or resulting from any delay in paying, stamp, excise and other Taxes,
if any, that may be payable or determined to be payable in connection with the execution and delivery 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 (d) to pay, indemnify, and hold
each Lender, the Issuing Lender, the Arrangers and each Agent, their respective affiliates, and their respective officers, directors,
employees, agents, advisors and controlling persons (each, an “Indemnitee”) harmless from and against any and
all other liabilities, obligations, losses, claims, damages, penalties, actions, judgments, suits, costs or expenses (including
the reasonable and documented fees, disbursements and other charges of counsel) of any kind or nature whatsoever with respect
to the execution, delivery, enforcement, performance and administration of this Agreement, the other Loan Documents and any such
other documents, including any claim, litigation, investigation or proceeding regardless of whether any Indemnitee is a party
thereto and whether or not the same are brought by the Borrower, its equity holders, affiliates or creditors or any other Person,
including any of the foregoing relating to the use of proceeds of the Loans or Letters of Credit (including any refusal by the
Issuing Lender 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) or the violation of, noncompliance with or liability under, any
Environmental Law applicable to any Group Member or its operations or properties, and the reasonable and documented fees, disbursements
and other charges of legal counsel (limited to reasonable and documented fees, disbursements and other charges of one primary
counsel for all Indemnitees, taken as a whole, and, if necessary, one firm of local counsel in each applicable jurisdiction (which
may include a single special counsel acting in multiple jurisdictions) for all Indemnitees, taken as a whole, and one firm of
special regulatory counsel for all Indemnitees, taken as a whole (and, in the case of an actual or potential conflict of interest,
where an Indemnitee affected by such conflict informs the Borrower of such conflict and thereafter retains its own counsel, of
another firm of counsel for all such affected Indemnitees similarly situated and, if necessary, one firm of local counsel in each
applicable jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for all such affected Indemnitees
similarly situated) and one firm of special regulatory counsel for all such affected Indemnitees similarly situated) in connection
with claims, actions or proceedings by any Indemnitee against any Loan Party under any Loan Document (all the foregoing in this
clause (d), collectively, the “Indemnified Liabilities”), provided, that the Borrower shall have no obligation
hereunder to any Indemnitee with respect to Indemnified Liabilities to the extent such Indemnified Liabilities are found by a
final and nonappealable decision of a court of competent jurisdiction to have resulted from (x) the bad faith, gross negligence
or willful misconduct of such Indemnitee (or any of its Affiliates, officers, directors, employees, agents, advisors or controlling
persons), (y) a material breach by such Indemnitee of its obligations under the Loan Documents or (z) disputes or proceedings
that are brought by an Indemnitee against any other Indemnitee (other than any claims against any Arranger or Agent in its capacity
or in fulfilling its roles as an Arranger or Agent hereunder or any similar role with respect to any Facility) to the extent such
disputes do not arise from any act or omission of any Loan Party or any of its Affiliates, and provided, further, that this Section 10.5(d) shall
not apply with respect to Taxes other than any Taxes that represent losses or damages arising from any non-Tax claim. Except as
provided in this Section 10.5, and to the extent permitted by applicable law, the Borrower agrees not to assert and to cause
its Subsidiaries not to assert, and hereby waives and agrees to cause its Subsidiaries to waive, all rights for contribution with
respect to all claims, demands, penalties, fines, liabilities, settlements, damages, costs and expenses of whatever kind or nature,
arising under any Environmental Laws, that any of them has by statute or otherwise against any Indemnitee.

 

    151 

     

    

 

To the extent permitted
by applicable law (i) the Borrower shall not assert, and the Borrower hereby waives, any claim against the Administrative
Agent, any Arranger, and any Lender, and any Related Party of any of the foregoing Persons (each such Person being called a “Lender-Related
Person”) for any Liabilities arising from the use by others of information or other materials (including any personal
data) obtained through telecommunications, electronic or other information transmission systems (including the Internet), except
to the extent such Liabilities are found by a final and nonappealable decision of a court of competent jurisdiction to have resulted
from (x) the bad faith, gross negligence or willful misconduct of such Person and (ii) no party hereto shall assert,
and each such party hereby waives, any Liabilities against any other party hereto, on any theory of liability, for special, indirect,
consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of,
this Agreement, any other Loan Document, or any agreement or instrument contemplated hereby or thereby, the Transactions, any Loan
or the use of the proceeds thereof; provided that, nothing in this paragraph shall relieve the Borrower of any obligation
it may have to indemnify an Indemnitee, as provided in the foregoing paragraph, against any special, indirect, consequential or
punitive damages asserted against such Indemnitee by a third party.

 

All amounts due under
this Section 10.5 shall be payable not later than 30 days after written demand therefor together with reasonably detailed
backup documentation. The agreements in this Section 10.5 shall survive the termination of this Agreement and the repayment
of the Loans and all other amounts payable hereunder.

 

10.6        Successors
and Assigns; Participations and Assignments. (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 (including any affiliate of
the Issuing Lender that issues any Letter of Credit), except that (i) the Borrower may not 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 the Borrower without such consent shall be null and void) and (ii) no Lender may assign or otherwise transfer its rights
or obligations hereunder except in accordance with this Section 10.6.

 

    152 

     

    

 

(b)            (i) Subject
to the conditions set forth in paragraph (b)(ii) below, any Lender may assign to one or more Eligible Assignees (each, an
 “Assignee”), all or a portion of its rights and obligations under this Agreement (including all or a portion
of its Commitments and the Loans at the time owing to it) with the prior written consent (such consent not to be unreasonably withheld,
delayed or conditioned) of:

 

		(A)	the Borrower, provided that no consent of the Borrower shall be required for an assignment
to a Lender, an affiliate of a Lender, an Approved Fund (as defined below) or, if a Specified Event of Default has occurred and
is continuing, any other Person; and provided, further, that the Borrower shall be deemed to have consented to any
such assignment unless the Borrower shall object thereto by written notice to the Administrative Agent within 10 Business Days
after having received notice thereof;

 

		(B)	the Administrative Agent, provided that no consent of the Administrative Agent shall be
required for an assignment of all or any portion of its Commitment or Loan to a Lender, an Affiliate of a Lender or an Approved
Fund; and

 

		(C)	the Issuing Lender.

 

(ii)            Assignments
shall be subject to the following additional conditions:

 

		(A)	except in the case of an assignment to a Lender, an affiliate of a Lender or an Approved Fund or
an assignment of the entire remaining amount of the assigning Lender’s Commitments or Loans, the amount of the Commitments
or Loans of the assigning Lender subject to each such assignment (determined as of the date the Assignment and Assumption with
respect to such assignment is delivered to the Administrative Agent) shall not be less than $5,000,000) unless each of the Borrower
and the Administrative Agent otherwise consent, provided that (1) no such consent of the Borrower shall be required
if a Specified Event of Default has occurred and is continuing and (2) such amounts shall be aggregated in respect of each
Lender and its affiliates or Approved Funds, if any;

 

		(B)	(1) the parties to each assignment shall execute and deliver to the Administrative Agent an
Assignment and Assumption, together with a processing and recordation fee of $3,500 and (2) the assigning Lender shall have
paid in full any amounts owing by it to the Administrative Agent; and

 

    153 

     

    

 

		(C)	the Assignee, if it shall not be a Lender, shall deliver to the Administrative Agent an administrative
questionnaire in which the Assignee designates one or more credit contacts to whom all syndicate-level information (which may contain
material non-public information about the Borrower and its Affiliates and their Related Parties or their respective securities)
will be made available and who may receive such information in accordance with the Assignee’s compliance procedures and applicable
laws, including Federal and state securities laws.

 

For the purposes of this
Section 10.6, “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 of its business and that
is administered or managed by (a) a Lender, (b) an affiliate of a Lender or (c) an entity or an affiliate of an
entity that administers or manages a Lender.

 

(iii)         Subject
to acceptance and recording thereof pursuant to paragraph (b)(iv) below, from and after the effective date specified in each
Assignment and Assumption the Assignee thereunder shall be a party hereto and, to the extent of the interest assigned by such
Assignment and Assumption, have the rights and obligations of a Lender under this Agreement, and the assigning Lender thereunder
shall, to the extent of the interest assigned by such Assignment and Assumption, be released from its obligations under this Agreement
(and, in the case of an Assignment and Assumption covering all of the assigning Lender’s rights and obligations under this
Agreement, such Lender shall cease to be a party hereto but shall continue to be entitled to the benefits of Sections 2.18, 2.19,
2.20 and 10.5). Any assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply with
this Section 10.6 shall be treated for purposes of this Agreement as a sale by such Lender of a participation in such rights
and obligations in accordance with paragraph (c) of this Section 10.6.

 

(iv)         The
Administrative Agent, acting for this purpose as a non-fiduciary agent of the Borrower, shall maintain at one of its offices a
copy of each Assignment and Assumption delivered to it and a register for the recordation of the names and addresses of the Lenders,
and the Commitments of, and principal amount (and stated interest) of the Loans and L/C Obligations owing, to each Lender pursuant
to the terms hereof from time to time (the “Register”). The entries in the Register shall be conclusive absent
manifest error, and the Borrower, the Administrative Agent, the Issuing Lender 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.

 

    154 

     

    

 

(v)            Upon
its receipt of a duly completed Assignment and Assumption executed by an 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 paragraph (b) of this Section 10.6 and any written consent to such assignment required by paragraph
(b) of this Section 10.6, the Administrative Agent shall accept such Assignment and Assumption and record the information
contained therein in the Register. No assignment shall be effective for purposes of this Agreement unless it has been recorded
in the Register as provided in this paragraph.

 

(vi)           Each
assignee, by its execution and delivery of an Assignment and Assumption, shall be deemed to have represented to the assigning
Lender and the Administrative Agent that such assignee is an Eligible Assignee. In no event shall the Administrative Agent be
obligated to ascertain, monitor or inquire as to whether any prospective assignee is an Eligible Assignee or have any liability
with respect to any assignment made to a Disqualified Lender or any other Person that is not an Eligible Assignee.

 

(c)            Any
Lender may, without the consent of or notice to the Borrower, the Administrative Agent or the Issuing Lender, sell participations
to one or more Eligible Assignees (a “Participant”) in all or a portion of such Lender’s rights and obligations
under this Agreement (including all or a portion of its Commitments and the Loans owing to it); provided that (i) such
Lender’s obligations under this Agreement shall remain unchanged, (ii) such Lender shall remain solely responsible to
the other parties hereto for the performance of such obligations, and (iii) the Borrower, the Administrative Agent, the Issuing
Lender and the other Lenders shall continue to deal solely and directly with such Lender in connection with such Lender’s
rights and obligations under this Agreement. Any agreement pursuant to which a Lender sells such a participation shall provide
that such Lender shall retain the sole right to enforce this Agreement and to approve any amendment, modification or waiver of
any provision of this Agreement; provided that such agreement may provide that such Lender will not, without the consent
of the Participant, agree to any amendment, modification or waiver that (i) requires the consent of each Lender directly affected
thereby pursuant to the proviso to the second sentence of Section 10.1 and (ii) directly affects such Participant. Each
Lender that sells a participation agrees, at the Borrower’s request and expense, to use reasonable efforts to cooperate with
the Borrower to effectuate the provisions of Section 2.22 with respect to any Participant. The Borrower agrees that each Participant
shall be entitled to the benefits of Sections 2.18, 2.19 and 2.20 (subject to the requirements and limitations therein, including
the requirements under Section 2.19(f) (it being understood that the documentation required under Section 2.19(f) shall
be delivered to the participating Lender)) to the same extent as if it were a Lender and had acquired its interest by assignment
pursuant to paragraph (b) of this Section 10.6; provided that such Participant (i) agrees to be subject to
the provisions of Sections 2.18 and 2.19 as if it were an assignee under paragraph (b) of this Section 10.6 and (ii) shall
not be entitled to receive any greater payment under Sections 2.18 or 2.19, with respect to any participation, than its participating
Lender would have been entitled to receive, except to the extent that such entitlement to receive a greater payment results from
an adoption of or any change in any Requirement of Law or in the interpretation or application thereof or compliance by any Lender
with any request or directive (whether or not having the force of law) from any central bank or other Governmental Authority made
subsequent to the Closing Date that occurs after the Participant acquired the applicable participation. To the extent permitted
by law, each Participant also shall be entitled to the benefits of Section 10.7(b) as though it were a Lender, provided
such Participant shall be subject to Section 10.7(a) as though it were a Lender. Each Lender that sells a participation
shall, acting solely for this purpose as a non-fiduciary agent of the Borrower, maintain a register on which it enters the name
and address of each Participant and the principal amounts (and stated interest) of each Participant’s interest in the Loans
or other obligations under the Loan Documents (the “Participant Register”); provided that no Lender shall
have any obligation to disclose all or any portion of the Participant Register 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 to establish that such Commitment, Loan, Letter
of Credit or other obligation is in registered form under Section 5f.103-1(c) of the United States Treasury Regulations.
The entries in the Participant Register shall be conclusive absent manifest error, and such Lender shall treat each Person whose
name is recorded in the Participant Register as the owner of such participation for all purposes of this Agreement notwithstanding
any notice to the contrary. For the avoidance of doubt, the Administrative Agent (in its capacity as Administrative Agent) shall
have no responsibility for maintaining a Participant Register.

 

    155 

     

    

 

(d)          Any
Lender 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 or any other central
banking authority, and this Section 10.6 shall not apply to any such pledge or assignment of a security interest; provided
that no such pledge or assignment of a security interest shall release a Lender from any of its obligations hereunder or substitute
any such pledgee or Assignee for such Lender as a party hereto. The Borrower, upon receipt of written notice from the relevant
Lender, agrees to issue Notes to any Lender requiring Notes to facilitate transactions of the type described in this paragraph
(d).

 

(e)            [Reserved].

 

(f)            The
list of Disqualified Lenders (i) shall be made available to the Lenders by posting on IntraLinks/IntraAgency or another relevant
Internet or intranet website, if any, to which each Lender and the Administrative Agent have access (whether a commercial, third-party
website or whether sponsored by the Administrative Agent) and (ii) shall be provided to any Lender upon request by such Lender
to the Administrative Agent. A Lender may provide the list of Disqualified Lenders to any potential assignee or participant on
a confidential basis in accordance with Section 10.15 hereof for the purpose of verifying whether such Person is a Disqualified
Lender.

 

(g)           (i) If
any assignment or participation is made to any Disqualified Lender in violation of this Section 10.6, the Borrower may, at
its sole expense and effort, upon notice to the applicable Disqualified Lender and the Administrative Agent, (A) purchase
or prepay such Loan by paying the lowest of (x) the principal amount thereof and (y) the amount that such Disqualified
Lender paid to acquire such Loans, in each case plus accrued interest, accrued fees and all other amounts (other than principal
amounts) payable to it hereunder and/or (B) require such Disqualified Lender to assign, without recourse (in accordance with
and subject to the restrictions contained in this Section 10.6), all of its interest, rights and obligations under this Agreement
to one or more Eligible Assignees at the lowest of (x) the principal amount thereof and (y) the amount that such Disqualified
Lender paid to acquire such interests, rights and obligations, in each case plus accrued interest, accrued fees and all
other amounts (other than principal amounts) payable to it hereunder.

 

    156 

     

    

 

(ii)            Notwithstanding
anything to the contrary contained in this Agreement, Disqualified Lenders (A) will not (x) have the right to receive
information, reports or other materials provided to Lenders by the Borrower, the Administrative Agent or any other Lender, (y) attend
or participate in meetings attended by the Lenders and the Administrative Agent, or (z) access any electronic site established
for the Lenders or confidential communications from counsel to or financial advisors of the Administrative Agent or the Lenders
and (B) (x) for purposes of any consent to any amendment, waiver or modification of, or any action under, and for the
purpose of any direction to the Administrative Agent or any Lender to undertake any action (or refrain from taking any action)
under this Agreement or any other Loan Document, each Disqualified Lender will be deemed to have consented in the same proportion
as the Lenders that are not Disqualified Lender consented to such matter, and (y) for purposes of voting on any Bankruptcy
Plan, each Disqualified Lender party hereto hereby agrees (1) not to vote on such Bankruptcy Plan, (2) if such Disqualified
Lender does vote on such Bankruptcy Plan notwithstanding the restriction in the foregoing clause (1), such vote will be deemed
not to be in good faith and shall be “designated” pursuant to Section 1126(e) of the Bankruptcy Code (or
any similar provision in any other Debtor Relief Laws), and such vote shall not be counted in determining whether the applicable
class has accepted or rejected such Bankruptcy Plan in accordance with Section 1126(c) of the Bankruptcy Code (or any
similar provision in any other Debtor Relief Laws) and (3) not to contest any request by any party for a determination by
the Bankruptcy Court (or other applicable court of competent jurisdiction) effectuating the foregoing clause (2).

 

10.7            Adjustments;
Set-off. (a)  Except to the extent that this Agreement or a court order expressly provides for payments to be allocated
to a particular Lender, if any Lender (a “Benefitted Lender”) shall receive any payment of all or part of the
Obligations owing to it (other than in connection with an assignment made pursuant to Section 10.6), 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 Section 8(f), or otherwise), in a greater proportion than any such payment to or collateral received by any other Lender,
if any, in respect of the Obligations owing to such other Lender, such Benefitted Lender shall purchase for cash from the other
Lenders a participating interest in such portion of the Obligations owing to each such other Lender, or shall provide such other
Lenders with the benefits of any such collateral, as shall be necessary to cause such Benefitted Lender to share the excess payment
or benefits of such collateral ratably with each of the Lenders; provided, however, that if all or any portion of
such excess payment or benefits is thereafter recovered from such Benefitted Lender, such purchase shall be rescinded, and the
purchase price and benefits returned, to the extent of such recovery, but without interest; provided further, that to the
extent prohibited by applicable law as described in the definition of “Excluded Swap Obligation,” no amounts received
from, or set-off with respect to, any Subsidiary Guarantor shall be applied to any Excluded Swap Obligations of such Subsidiary
Guarantor.

 

    157 

     

    

 

(b)            In
addition to any rights and remedies of the Lenders provided by law, each Lender shall have the right, without notice to the Borrower,
any such notice being expressly waived by the Borrower to the extent permitted by applicable law, upon any Obligations becoming
due and payable by the Borrower (whether at the stated maturity, by acceleration or otherwise), to apply to the payment of such
Obligations, by setoff or otherwise, any and all deposits (general or special, time or demand, provisional or final), 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, any affiliate thereof or any of their respective branches or agencies
to or for the credit or the account of the Borrower; provided that if any Defaulting Lender shall exercise any such right
of setoff (i) all amounts so set-off shall be paid over immediately to the Administrative Agent for further application in
accordance with the provisions of this Agreement and, pending such payment, shall be segregated by such Defaulting Lender from
its other funds and deemed held in trust for the benefit of the Administrative Agent, the Issuing Lender and the Lenders and (ii) the
Defaulting Lender shall provide promptly to the Administrative Agent a statement describing in reasonable detail the obligations
owing to such Defaulting Lender as to which it exercised such right of set-off. Each Lender agrees promptly to notify the Borrower
and the Administrative Agent after any such application made by such Lender, provided that the failure to give such notice
shall not affect the validity of such application.

 

10.8            Counterparts;
Electronic Execution. This Agreement may be executed by one or more of the parties to this Agreement on any number of separate
counterparts, and all of said counterparts taken together shall be deemed to constitute one and the same instrument. Delivery of
an executed counterpart of a signature page of (x) this Agreement, (y) any other Loan Document and/or (z) any
document, amendment, approval, consent, information, notice (including, for the avoidance of doubt, any notice delivered pursuant
to Section 10.2), certificate, request, statement, disclosure or authorization related to this Agreement, any other Loan Document
and/or the transactions contemplated hereby and/or thereby (each an “Ancillary Document”) that is an Electronic
Signature transmitted by telecopy, emailed pdf. or any other electronic means that reproduces an image of an actual executed signature
page shall be effective as delivery of a manually executed counterpart of this Agreement, such other Loan Document or such
Ancillary Document, as applicable. The words “execution,” “signed,” “signature,” “delivery,”
and words of like import in or relating to this Agreement, any other Loan Document and/or any Ancillary Document shall be deemed
to include Electronic Signatures, deliveries or the keeping of records in any electronic form (including deliveries by telecopy,
emailed pdf. or any other electronic means that reproduces an image of an actual executed signature page), each of which shall
be of the same legal effect, validity or enforceability as a manually executed signature, physical delivery thereof or the use
of a paper-based recordkeeping system, as the case may be; provided that nothing herein shall require the Administrative
Agent to accept Electronic Signatures in any form or format without its prior written consent and pursuant to procedures approved
by it; provided, further, without limiting the foregoing, (i) to the extent the Administrative Agent has agreed
to accept any Electronic Signature, the Administrative Agent and each of the Lenders shall be entitled to rely on such Electronic
Signature purportedly given by or on behalf of the Borrower or any other Loan Party without further verification thereof and without
any obligation to review the appearance or form of any such Electronic signature and (ii) upon the request of the Administrative
Agent or any Lender, any Electronic Signature shall be promptly followed by a manually executed counterpart. A set of the copies
of this Agreement signed by all the parties shall be lodged with the Borrower and the Administrative Agent. Without limiting the
generality of the foregoing, the Borrower and each Loan Party hereby (i) agrees that, for all purposes, including in connection
with any workout, restructuring, enforcement of remedies, bankruptcy proceedings or litigation among the Administrative Agent,
the Lenders, the Borrower and the Loan Parties, Electronic Signatures transmitted by telecopy, emailed pdf. or any other electronic
means that reproduces an image of an actual executed signature page and/or any electronic images of this Agreement, any other
Loan Document and/or any Ancillary Document shall have the same legal effect, validity and enforceability as any paper original,
(ii) the Administrative Agent and each of the Lenders may, at its option, create one or more copies of this Agreement, any
other Loan Document and/or any Ancillary Document in the form of an imaged electronic record in any format, which shall be deemed
created in the ordinary course of such Person’s business, and destroy the original paper document (and all such electronic
records shall be considered an original for all purposes and shall have the same legal effect, validity and enforceability as a
paper record), (iii) waives any argument, defense or right to contest the legal effect, validity or enforceability of this
Agreement, any other Loan Document and/or any Ancillary Document based solely on the lack of paper original copies of this Agreement,
such other Loan Document and/or such Ancillary Document, respectively, including with respect to any signature pages thereto
and (iv) waives any claim against any Lender-Related Person for any liabilities arising solely from the Administrative Agent’s
and/or any Lender’s reliance on or use of Electronic Signatures and/or transmissions by telecopy, emailed pdf. or any other
electronic means that reproduces an image of an actual executed signature page, including any Liabilities arising as a result of
the failure of the Borrower and/or any Loan Party to use any available security measures in connection with the execution, delivery
or transmission of any Electronic Signature.

 

    158 

     

    

 

10.9            Severability.
Any provision of this Agreement that 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.

 

10.10          Integration.
This Agreement and the other Loan Documents represent the entire agreement of the Borrower, the Administrative Agent and the Lenders
with respect to the subject matter hereof and thereof, and there are no promises, undertakings, representations or warranties
by 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.

 

10.11       GOVERNING
LAW. THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED
AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.

 

10.12           Submission
To Jurisdiction; Waivers. Each of the parties hereto hereby irrevocably and unconditionally:

 

(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, or for recognition and enforcement of any judgment in respect thereof, to the exclusive jurisdiction of the United States
District Court for the Southern District of New York sitting in the Borough of Manhattan (or if such court lacks subject matter
jurisdiction, the Supreme Court of the State of New York sitting in the Borough of Manhattan), and any appellate court from
any thereof; provided, that nothing contained herein or in any other Loan Document will prevent any Lender or the Administrative
Agent from bringing any action to enforce any award or judgment or exercise any right under the Security Documents or against any
Collateral or any other property of any Loan Party in any other forum in which jurisdiction can be established;

 

    159 

     

    

 

(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
court and agrees not to plead or claim the same;

 

(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, in the manner set forth in Section 10.2;

 

(d)            agrees
that nothing herein shall affect the right to effect service of process in any other manner permitted by law; and

 

(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 Section 10.12 any indirect, special, exemplary, punitive or consequential damages.

 

10.13      Acknowledgements.
The Borrower hereby acknowledges and agrees that (a) no fiduciary, advisory or agency relationship between the Loan Parties
and the Credit Parties is intended to be or has been created in respect of any of the transactions contemplated by this Agreement
or the other Loan Documents, irrespective of whether the Credit Parties have advised or are advising the Loan Parties on other
matters, and the relationship between the Credit Parties, on the one hand, and the Loan Parties, on the other hand, in connection
herewith and therewith is solely that of creditor and debtor, (b) the Credit Parties, on the one hand, and the Loan Parties,
on the other hand, have an arm’s length business relationship that does not directly or indirectly give rise to, nor do
the Loan Parties rely on, any fiduciary duty to the Loan Parties or their affiliates on the part of the Credit Parties, (c) the
Loan Parties are capable of evaluating and understanding, and the Loan Parties understand and accept, the terms, risks and conditions
of the transactions contemplated by this Agreement and the other Loan Documents, (d) the Loan Parties have been advised that
the Credit Parties are engaged in a broad range of transactions that may involve interests that differ from the Loan Parties’
interests and that the Credit Parties have no obligation to disclose such interests and transactions to the Loan Parties, (e) the
Loan Parties have consulted their own legal, accounting, regulatory and tax advisors to the extent the Loan Parties have deemed
appropriate in the negotiation, execution and delivery of this Agreement and the other Loan Documents, (f) each Credit Party
has been, is, and will be acting solely as a principal and, except as otherwise expressly agreed in writing by it and the relevant
parties, has not been, is not, and will not be acting as an advisor, agent or fiduciary for the Loan Parties, any of their affiliates
or any other Person, (g) none of the Credit Parties has any obligation to the Loan Parties or their affiliates with respect
to the transactions contemplated by this Agreement or the other Loan Documents except those obligations expressly set forth herein
or therein or in any other express writing executed and delivered by such Credit Party and the Loan Parties or any such affiliate
and (h) no joint venture is created hereby or by the other Loan Documents or otherwise exists by virtue of the transactions
contemplated hereby among the Credit Parties or among the Loan Parties and the Credit Parties.

 

    160 

     

    

 

10.14          Releases
of Guarantees and Liens. (a)  Upon any sale, transfer or other Disposition by any Loan Party (other than any such
sale, transfer or other Disposition to another Loan Party) of any Collateral in a transaction permitted by this Agreement, including
in connection with a Qualified Securitization Transaction, or upon the effectiveness of any written consent to the release of
the security interest in any Collateral created under any Security Document pursuant to Section 10.1, the security interests
in such Collateral created by the Security Documents shall be automatically released. In connection with any termination or release
pursuant to this clause (a), the Administrative Agent shall execute and deliver to any Loan Party, at such Loan Party’s
expense, all documents that such Loan Party shall reasonably request to evidence such release.

 

(b)          At
such time as the Loans, the Reimbursement Obligations and the other obligations under the Loan Documents (other than indemnification
or reimbursement obligations under Sections 2.18, 2.19(a), 2.19(d) or 2.20 for which the Borrower has not been notified and
contingent indemnification obligations, Banking Services Obligations and Secured Swap Obligations) shall have been paid in full
and the Commitments have been terminated and no Letters of Credit shall be outstanding (other than Letters of Credit cash collateralized
or otherwise backstopped in a manner satisfactory to the applicable Issuing Lender and the Administrative Agent), the Collateral
shall be released from the Liens created by the Security Documents, and the Security Documents and all obligations (other than
those expressly stated to survive such termination) of the Administrative Agent and each Loan Party under the Security Documents
shall terminate, all without delivery of any instrument or performance of any act by any Person. In connection with any termination
or release pursuant to this clause (b), the Administrative Agent shall execute and deliver to any Loan Party, at such Loan Party’s
expense, all documents that such Loan Party shall reasonably request to evidence such termination or release.

 

(c)            Notwithstanding
anything to the contrary contained herein or in any other Loan Document, the Administrative Agent is hereby irrevocably authorized
by each Lender (without requirement of notice to or consent of any Lender except as expressly required by Section 10.1) to
take any action requested by the Borrower having the effect of releasing any Collateral or guarantee obligations (i) to the
extent necessary to permit consummation of any transaction not prohibited by any Loan Document or that has been consented to in
accordance with Section 10.1 or (ii) under the circumstances described in paragraphs (a) or (b) above.

 

    161 

     

    

 

10.15            Confidentiality.
Each of the Administrative Agent and each Lender agrees to keep confidential all non-public information provided to it by any Loan
Party, the Administrative Agent or any Lender pursuant to or in connection with this Agreement; provided that nothing herein
shall prevent the Administrative Agent or any Lender from disclosing any such information (a) to the Administrative Agent,
any other Lender or any affiliate thereof, (b) subject to an agreement to comply with the provisions of this Section 10.15,
to any actual or prospective Transferee or any direct or indirect counterparty to any Swap Agreement (or any professional advisor
to such counterparty), (c) to its employees, directors, agents, attorneys, accountants and other professional advisors or
those of any of its affiliates, in each case, who are bound to maintain the confidentiality of such information, (d) upon
the request or demand of any Governmental Authority or in response to any order or subpoena of any court or other Governmental
Authority or as may otherwise be required pursuant to any Requirement of Law, (e) that has been publicly disclosed not in
breach of this Section 10.15 or becomes available to the Administrative Agent or such Lender on a non-confidential basis from
a source that is not to the Administrative Agent’s or such Lender’s knowledge subject to confidentiality obligations
to any Loan Party, (f) to the National Association of Insurance Commissioners or any similar organization or any nationally
recognized rating agency that requires access to information about a Lender’s investment portfolio in connection with ratings
issued with respect to such Lender, (g) in connection with the exercise of any remedy hereunder or under any other Loan Document,
(h) to data service providers (including league table providers) that serve the lending industry to the extent such information
is of the type customarily provided to such providers or (i) if agreed by the Borrower in its sole discretion, to any other
Person.

 

Each Lender acknowledges
that information furnished to it pursuant to this Agreement or the other Loan Documents may include material non-public information
concerning the Borrower and its Affiliates and their Related Parties or their respective securities, and confirms that it has developed
compliance procedures regarding the use of material non-public information and that it will handle such material non-public information
in accordance with those procedures and applicable law, including Federal and state securities laws.

 

All information, including
requests for waivers and amendments, furnished by the Borrower or the Administrative Agent pursuant to, or in the course of administering,
this Agreement or the other Loan Documents will be syndicate-level information, which may contain material non-public information
about the Borrower and its Affiliates and their Related Parties or their respective securities. Accordingly, each Lender represents
to the Borrower and the Administrative Agent that it has identified in its administrative questionnaire a credit contact who may
receive information that may contain material non-public information in accordance with its compliance procedures and applicable
law, including Federal and state securities laws.

 

The Borrower represents
and warrants that it and its Subsidiaries either (i) have no registered or publicly traded securities outstanding, or (ii) files
its financial statements with the SEC and/or makes its financial statements available to potential holders of its 144A securities,
and, accordingly, the Borrower hereby (i) authorizes the Administrative Agent to make the financial statements to be provided
under Section 6.1(a) and (b), along with the Loan Documents, available to Public-Siders and (ii) agrees that at
the time such financial statements are provided hereunder, they shall already have been made available to holders of its securities.
The Borrower will not request that any other material be posted to Public-Siders without expressly representing and warranting
to the Administrative Agent in writing that such materials do not constitute material non-public information within the meaning
of the federal securities laws or that the Borrower and its Subsidiaries have no outstanding publicly traded securities, including
144A securities. For the avoidance of doubt, the Projections and monthly financial statements provided pursuant to Section 6.1(c) shall
not be posted to Public-Siders.

 

    162 

     

    

 

The Borrower hereby acknowledges
that (a) the Administrative Agent will make available to the Lenders materials and/or information provided by or on behalf
of the Loan Parties hereunder (collectively, the “Borrower Materials”) by posting the Borrower Materials on
IntraLinks/IntraAgency or another similar electronic system (the “Platform”) and (b) certain of the Lenders
may be Public-Siders. If any Borrower Materials are designated by the Loan Parties as “PRIVATE”, such Borrower Materials
will not be made available to that portion of the Platform designated “Public Investor,” which is intended to contain
only information that is either publicly available or not material information (though it may be sensitive and proprietary) with
respect to Borrower, its Subsidiaries or their securities for purposes of federal and state securities laws. The Administrative
Agent shall be entitled to treat any Borrower Materials that are not marked “PRIVATE” or “CONFIDENTIAL”
as not containing any material non-public information with respect to the Borrower, its Subsidiaries or their securities for purposes
of federal and state securities laws.

 

10.16          WAIVERS
OF JURY TRIAL. THE BORROWER, THE ADMINISTRATIVE AGENT AND THE LENDERS HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVE TRIAL
BY JURY IN ANY LEGAL ACTION OR PROCEEDING RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT AND FOR ANY COUNTERCLAIM THEREIN.

 

10.17             USA
Patriot Act. Each Lender hereby notifies the Borrower that pursuant to the requirements of the USA Patriot Act (Title III of
Pub. L. 107-56 (signed into law October 26, 2001)) (the “Patriot Act”), it is required to obtain, verify
and record information that identifies the Borrower, which information includes the name and address of the Borrower and other
information that will allow such Lender to identify the Borrower in accordance with the Patriot Act.

 

10.18            Intercreditor
Agreement. Each Lender hereby authorizes and directs the Administrative Agent (a) to enter into the Intercreditor Agreement
on its behalf, perform the Intercreditor Agreement on its behalf and take any actions thereunder as determined by the Administrative
Agent to be necessary or advisable to protect the interest of the Lenders, and each Lender agrees to be bound by the terms of the
Intercreditor Agreement and (b) to enter into any other intercreditor agreement reasonably satisfactory to the Administrative
Agent on its behalf with respect to Indebtedness permitted to be incurred and secured under this Agreement, perform such intercreditor
agreement on its behalf and take any actions thereunder as determined by the Administrative Agent to be necessary or advisable
to protect the interests of the Lenders, in each case with respect to this clause (b) which intercreditor agreement is expressly
required under this Agreement or the Administrative Agent deems necessary or advisable to protect the interests of the Lenders,
and each Lender agrees to be bound by the terms of such intercreditor agreement. Each Lender acknowledges that the Intercreditor
Agreement governs, among other things, Lien priorities and rights of the Lenders and the Fixed Asset Secured Parties with respect
to the Collateral, including the Fixed Asset Priority Collateral.

 

    163 

     

    

 

10.19              Acknowledgement
and Consent to Bail-In of Affected Financial Institutions.

 

Notwithstanding
anything to the contrary in any Loan Document or in any other agreement, arrangement or understanding among any such parties, each
party hereto acknowledges that any liability of any Affected Financial Institution arising under any Loan Document may be subject
to the Write-Down and Conversion Powers of the applicable Resolution Authority and agrees and consents to, and acknowledges and
agrees to be bound by:

 

(a)         the
application of any Write-Down and Conversion Powers by the applicable Resolution Authority to any such liabilities arising hereunder
which may be payable to it by any party hereto that is an Affected Financial Institution; and

 

(b)            the
effects of any Bail-In Action on any such liability, including, if applicable:

 

(i)            a
reduction in full or in part or cancellation of any such liability;

 

(ii)          a
conversion of all, or a portion of, such liability into shares or other instruments of ownership in such Affected Financial Institution,
its parent entity, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other
instruments of ownership will be accepted by it in lieu of any rights with respect to any such liability under this Agreement
or any other Loan Document; or

 

(iii)        the
variation of the terms of such liability in connection with the exercise of the Write-Down and Conversion Powers of the applicable
Resolution Authority.

 

10.20            Acknowledgement
Regarding Any Supported QFCs. To the extent that the Loan Documents provide support, through a guarantee or otherwise, for
hedging agreements or any other agreement or instrument that is a QFC (such support “QFC Credit Support” and
each such QFC a “Supported QFC”), the parties acknowledge and agree as follows with respect to the resolution
power of the Federal Deposit Insurance Corporation under the Federal Deposit Insurance Act and Title II of the Dodd-Frank Wall
Street Reform and Consumer Protection Act (together with the regulations promulgated thereunder, the “U.S. Special Resolution
Regimes”) in respect of such Supported QFC and QFC Credit Support (with the provisions below applicable notwithstanding
that the Loan Documents and any Supported QFC may in fact be stated to be governed by the laws of the State of New York and/or
of the United States or any other state of the United States):

 

In the event a Covered
Entity that is party to a Supported QFC (each, a “Covered Party”) becomes subject to a proceeding under a U.S.
Special Resolution Regime, the transfer of such Supported QFC and the benefit of such QFC Credit Support (and any interest and
obligation in or under such Supported QFC and such QFC Credit Support, and any rights in property securing such Supported QFC or
such QFC Credit Support) from such Covered Party will be effective to the same extent as the transfer would be effective under
the U.S. Special Resolution Regime if the Supported QFC and such QFC Credit Support (and any such interest, obligation and rights
in property) were governed by the laws of the United States or a state of the United States. In the event a Covered Party or a
BHC Act Affiliate of a Covered Party becomes subject to a proceeding under a U.S. Special Resolution Regime, Default Rights under
the Loan Documents that might otherwise apply to such Supported QFC or any QFC Credit Support that may be exercised against such
Covered Party are permitted to be exercised to no greater extent than such Default Rights could be exercised under the U.S. Special
Resolution Regime if the Supported QFC and the Loan Documents were governed by the laws of the United States or a state of the
United States. Without limitation of the foregoing, it is understood and agreed that rights and remedies of the parties with respect
to a Defaulting Lender shall in no event affect the rights of any Covered Party with respect to a Supported QFC or any QFC Credit
Support.

 

[Remainder of
this page intentionally left blank. Signature pages follow.]

 

    164 

     

    

 

EXECUTED as of the
date first above written.

 

	BORROWER	RENT-A-CENTER, INC.
	 	 	 
	 	By:	/s/ Maureen B. Short

	 	Name:	Maureen B. Short

	 	Title:	Executive Vice President – Chief Financial Officer

 

Signature
Page

ABL
Credit Agreement

 

     

     

    

 

	ADMINISTRATIVE AGENT, ISSUING LENDER AND A LENDER	 JPMORGAN CHASE BANK, N.A.
	 	 	 
	 	By:	/s/ Alexander Vardaman
	 	Name:	Alexander Vardaman
	 	Title:	Authorized Signatory

 

Signature
Page

ABL
Credit Agreement

 

     

     

    

 

 

	LENDER AND ISSUING LENDER	HSBC BANK USA, N.A.
	 	 
	 	By:	/s/ Allison Donahue
	 	Name:	Allison Donahue
	 	Title:	Vice President

 

Signature Page

ABL Credit Agreement

 

    

     

    

	LENDER AND ISSUING LENDER	CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH
	 	 
	 	By:	/s/ Judith E. Smith
	 	Name:	Judith E. Smith
	 	Title:	Authorized Signatory
	 	 	 
	 	By:	/s/ Brady Bingham
	 	Name:	Brady Bingham
	 	Title:	Authorized Signatory

 

Signature Page

ABL Credit Agreement

 

    

     

    

	LENDER AND ISSUING LENDER	CITIZENS BANK, N.A.
	 	 
	 	By:	/s/ Richard Norberg
	 	Name:	Richard Norberg
	 	Title:	Vice President

 

Signature Page

ABL Credit Agreement

 

    

     

    

	LENDER AND ISSUING LENDER	TRUIST BANK
	 	 
	 	By:	/s/ Sheryl Squires Kerley
	 	Name:	Sheryl Squires Kerley
	 	Title:	Director

 

Signature Page

ABL Credit Agreement

 

    

     

    

	LENDER 	TEXAS CAPITAL BANK, N.A.
	 	 
	 	By:	/s/ Chad Ramsey
	 	Name:	Chad Ramsey
	 	Title:	Senior Vice President

 

Signature Page

ABL Credit Agreement

 

    

     

    

 

	LENDER 	WOODFOREST NATIONAL BANK
	 	 
	 	By:	/s/ Ryan Stuart
	 	Name:	Ryan Stuart
	 	Title:	Senior Vice President

 

Signature Page

ABL Credit Agreement

 

    

     

    

 

	LENDER	BOKF, N.A., DBA BANK OF TEXAS
	 	 
	 	By:	/s/ Patricia Scudder
	 	Name:	Patricia Scudder
	 	Title:	Senior Vice President

 

Signature Page

ABL Credit Agreement

 

    

     

    

 

	LENDER	CADENCE BANK
	 	 
	 	By:	/s/ David Hauglid
	 	Name:	David Hauglid
	 	Title:	Senior Vice President

 

Signature Page

ABL Credit Agreement

 

    

     

    

 

	LENDER	INTRUST BANK
	 	 
	 	By:	/s/ Marlon E. King
	 	Name:	Marlon E. King
	 	Title:	Managing Director

 

Signature Page

ABL Credit AgreementExhibit 10.3 

 

 

TERM LOAN CREDIT AGREEMENT

 

among

 

RENT-A-CENTER, INC.

 

as Borrower,

 

The Several Lenders from Time to Time Parties
Hereto,

 

JPMORGAN CHASE BANK, N.A.

 

as Administrative Agent

 

Dated as of February 17, 2021

 

CREDIT SUISSE LOAN FUNDING LLC AND HSBC
SECURITIES (USA) INC.

 

as Co-Syndication Agents

 

CITIZENS BANK, N.A. AND TRUIST BANK

 

as Co-Documentation Agents

 

JPMORGAN CHASE BANK, N.A., CREDIT SUISSE
LOAN FUNDING LLC AND HSBC

 SECURITIES (USA) INC.

 

as Lead Arrangers and Bookrunners

 

 

    

     

    

 

TABLE OF CONTENTS

 

		 	Page
	 	 	 
	SECTION 1.      DEFINITIONS	1
	 	 	 
	1.1	Defined Terms	1
	1.2	Classification of Loans and Borrowings	46
	1.3	Other Definitional Provisions	46
	1.4	Interest Rate; LIBOR Notification	47
	1.5	Divisions	47
	1.6	Limited Condition Transaction	48
	1.7	Calculations	49
	1.8	Discontinued Operations	50
	1.9	Bridge Loans and Escrow Indebtedness	50
	 	 	 
	SECTION 2.      AMOUNT AND TERMS OF COMMITMENTS	50
	 	 	 
	2.1	Term Loans	50
	2.2	Procedure for Term Loan Borrowing	50
	2.3	Repayment of Term Loans	50
	2.4	[Reserved]	51
	2.5	[Reserved]	51
	2.6	[Reserved]	51
	2.7	[Reserved]	51
	2.8	Fees, etc.	51
	2.9	[Reserved]	51
	2.10	Optional Prepayments	51
	2.11	Mandatory Prepayments and Commitment Reductions	52
	2.12	Conversion and Continuation Options	54
	2.13	 Limitations on Eurodollar Tranches	54
	2.14	Interest Rates and Payment Dates	54
	2.15	Computation of Interest and Fees	55
	2.16	Alternate Rate of Interest	55
	2.17	Pro Rata Treatment and Payments	57
	2.18	Requirements of Law	58
	2.19	Taxes	60
	2.20	Indemnity	63
	2.21	Change of Lending Office	63
	2.22	Replacement of Lenders	64
	2.23	[Reserved]	64
	2.24	Incremental Facilities	65
	2.25	Loan Purchases	66
	2.26	Loan Modification Offers	67
	2.27	Refinancing Facilities	68
	 	 	 
	SECTION 3.      [RESERVED]	70

 

    i

     

    

 

	SECTION 4.      REPRESENTATIONS AND WARRANTIES	70
	 	 	 
	4.1	Financial Condition	70
	4.2	No Change	71
	4.3	Existence; Compliance with Law	71
	4.4	Power; Authorization; Enforceable Obligations	71
	4.5	No Legal Bar	71
	4.6	Litigation	71
	4.7	No Default	72
	4.8	Ownership of Property; Liens	72
	4.9	Intellectual Property	72
	4.10	Taxes	72
	4.11	Federal Regulations	72
	4.12	Labor Matters	72
	4.13	ERISA	73
	4.14	Investment Company Act; Other Regulations	73
	4.15	Subsidiaries; Capital Stock	73
	4.16	Use of Proceeds	73
	4.17	Environmental Matters	74
	4.18	Accuracy of Information, etc.	74
	4.19	Security Documents	75
	4.20	Solvency	75
	4.21	Senior Indebtedness	75
	4.22	[Reserved]	75
	4.23	Anti-Corruption Laws, Anti-Money Laundering and Sanctions	75
	4.24	Affected Financial Institutions	75
	 	 	 
	SECTION 5.      CONDITIONS PRECEDENT	75
	 	 	 
	5.1	Conditions to Initial Extension of Credit	75
	5.2	Conditions to Each Extension of Credit	78
	 	 	 
	SECTION 6.      AFFIRMATIVE COVENANTS	79
	 	 	 
	6.1	Financial Statements	79
	6.2	Certificates; Other Information	80
	6.3	Payment of Taxes	81
	6.4	Maintenance of Existence; Compliance	81
	6.5	Maintenance of Insurance	81
	6.6	Inspection of Property; Books and Records; Discussions	81
	6.7	Notices	82
	6.8	Environmental Laws	82
	6.9	Post-Closing Actions	83
	6.10	Additional Collateral, etc.	83
	6.11	Designation of Subsidiaries	84
	6.12	Maintenance of Ratings	85
	 	 	 
	SECTION 7.      NEGATIVE COVENANTS	85
	 	 	 
	7.1	[Reserved]	85
	7.2	Indebtedness	85
	7.3	Liens	88
	7.4	Fundamental Changes	92
	7.5	Disposition of Property	93

 

    ii

     

    

 

	7.6	Restricted Payments	95
	7.7	Investments	96
	7.8	Optional Payments and Modifications of Certain Debt Instruments	99
	7.9	Transactions with Affiliates	100
	7.10	Sales and Leasebacks	101
	7.11	Swap Agreements	101
	7.12	Changes in Fiscal Periods	101
	7.13	Negative Pledge Clauses	102
	7.14	Clauses Restricting Subsidiary Distributions	103
	7.15	Lines of Business	103
	7.16	Use of Proceeds	103
	 	 	 
	SECTION 8.      EVENTS OF DEFAULT	104
	 	 	 
	SECTION 9.      THE AGENTS	107
	 	 	 
	9.1	Appointment	107
	9.2	Administrative Agent’s Reliance, Indemnification, Etc.	109
	9.3	Posting of Communications	110
	9.4	The Administrative Agent Individually	111
	9.5	Successor Administrative Agent	111
	9.6	Acknowledgements of Lenders	112
	9.7	Collateral Matters	112
	9.8	Credit Bidding	113
	9.9	Certain ERISA Matters	113
	 	 	 
	SECTION 10.    MISCELLANEOUS	115
	 	 	 
	10.1	Amendments and Waivers	115
	10.2	Notices	116
	10.3	No Waiver; Cumulative Remedies	116
	10.4	Survival of Representations and Warranties	116
	10.5	Payment of Expenses and Taxes; Indemnification; Limitation of Liability	117
	10.6	Successors and Assigns; Participations and Assignments	118
	10.7	Adjustments; Set-off	122
	10.8	Counterparts; Electronic Execution	123
	10.9	Severability	124
	10.10	Integration	124
	10.11	GOVERNING LAW	124
	10.12	Submission To Jurisdiction; Waivers	124
	10.13	Acknowledgements	125
	10.14	Releases of Guarantees and Liens	125
	10.15	Confidentiality	126
	10.16	WAIVERS OF JURY TRIAL	127
	10.17	USA Patriot Act	127
	10.18	Intercreditor Agreements	127
	10.19	Acknowledgement and Consent to Bail-In of Affected Financial Institutions	127
	10.20	Acknowledgement Regarding Any Supported QFCs	128

 

    iii

     

    

 

SCHEDULES:

 

	1.1	Term Commitments
	4.13	Pension Plans
	4.15	Subsidiaries
	4.19	UCC Filing Jurisdictions
	7.2(e)	Existing Indebtedness
	7.2(f)	Acquired Indebtedness
	7.3(f)	Existing Liens
	7.5(l)	Scheduled Dispositions
	7.7(k)	Existing Investments
	7.13	Negative Pledge Clauses
	7.14	Clauses Restricting Subsidiary Distributions

 

EXHIBITS:

 

	A	Form of Borrowing Request
	B	Form of Interest Election Request
	C	Form of Officer’s Certificate
	D	Form of Guarantee and Collateral Agreement
	E	Form of Assignment and Assumption
	F	Form of Compliance Certificate
	G	[Reserved]
	H-1	U.S. Tax Compliance Certificate (For Non-U.S. Lenders that are Not Partnerships for U.S. Federal Income Tax Purposes)
	H-2	U.S. Tax Compliance Certificate (For Non-U.S. Participants that are Not Partnerships for U.S. Federal Income Tax Purposes)
	H-3	U.S. Tax Compliance Certificate (For Non-U.S. Participants that are Partnerships for U.S. Federal Income Tax Purposes)
	H-4	U.S. Tax Compliance Certificate (For Non-U.S. Lenders that are Partnerships for U.S. Federal Income Tax Purposes)
	I-1	Form of Incremental Term Loan Activation Notice
	I-2	Form of New Lender Supplement
	J	Auction Procedures
	K	Form of ABL/Fixed Asset Intercreditor Agreement
	L	Form of Solvency Certificate

 

    iv

     

    

 

TERM LOAN CREDIT AGREEMENT
(this “Agreement”), dated as of February 17, 2021, among Rent-A-Center, Inc., a Delaware corporation
(the “Borrower”), the several banks and other financial institutions or entities from time to time parties to
this Agreement, JPMorgan Chase Bank, N.A., as administrative agent, and the other agents from time to time parties hereto.

 

The parties hereto hereby
agree as follows:

 

SECTION 1.
DEFINITIONS

 

1.1            Defined
Terms. As used in this Agreement, the terms listed in this Section 1.1 shall have the respective meanings set forth in
this Section 1.1.

 

“ABL Administrative
Agent” means JPMorgan Chase Bank, N.A., as administrative agent under the ABL Loan Documents, and its successors and
assigns.

 

“ABL Commitments”
means the “Commitments” as defined in the ABL Credit Agreement.

 

“ABL Credit
Agreement” means the ABL Credit Agreement, dated as of February 17, 2021, among the Borrower, the lenders and agents
party thereto and the ABL Administrative Agent, as the same may be amended, restated, amended and restated, modified, supplemented,
refinanced and/or replaced from time to time in accordance with the terms thereof and the ABL/Fixed Asset Intercreditor Agreement
to the extent constituting Permitted Refinancing Indebtedness.

 

“ABL/Fixed Asset
Intercreditor Agreement” means the ABL/Fixed Asset Intercreditor Agreement, dated as of the Closing Date, among the Borrower,
the Subsidiary Guarantors, the Administrative Agent and the ABL Administrative Agent, substantially in the form of Exhibit K,
as the same may be amended, restated, amended and restated, modified, supplemented and/or replaced (in form reasonably satisfactory
to the Administrative Agent) from time to time.

 

“ABL Loan Documents”
means collectively (a) the ABL Credit Agreement, (b) the ABL Security Documents, (c) the ABL/Fixed Asset Intercreditor
Agreement, (d) any promissory note evidencing loans under the ABL Credit Agreement and (e) any amendment, restatement,
amendment and restatement, waiver, supplement or other modification to any of the documents described in clauses (a) through
(d).

 

“ABL Loans”
means loans outstanding under the ABL Credit Agreement.

 

“ABL Obligations
Payment Date” has the meaning set forth in the ABL/Fixed Asset Intercreditor Agreement.

 

“ABL Priority
Collateral” has the meaning set forth in the ABL/Fixed Asset Intercreditor Agreement.

 

“ABL Representative”
has the meaning set forth in the ABL/Fixed Asset Intercreditor Agreement.

 

“ABL Security
Documents” means the collective reference to the Guarantee and Collateral Agreement (as defined in the ABL Credit Agreement)
and all other security documents delivered to the ABL Administrative Agent granting a Lien on any property of any Person to secure
the obligations and liabilities of any Loan Party under any ABL Loan Document.

 

    

     

    

 

“ABR”
means, when used in reference to any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing, bear
interest at a rate determined by reference to the Alternate Base Rate.

 

“Accepting Lenders”
has the meaning set forth in Section 2.26(a).

 

“Acima”
means Acima Holdings, LLC.

 

“Acima Acquisition”
means the Borrower’s direct or indirect acquisition of the Acquired Business from the existing equityholders of Acima in
all material respects in accordance with the terms of the Acquisition Agreement, pursuant to which Merger Sub (as defined in the
Acquisition Agreement) will merge with and into Acima, with Acima continuing as the surviving person.

 

“Acquired Business”
means Acima, together with its Subsidiaries.

 

“Acquisition
Agreement” means that certain Agreement and Plan of Merger, dated as of December 20, 2020, by and among the Borrower,
Merger Sub (as defined therein), Acima and Aaron Allred, as the Member Representative (as defined therein).

 

“Additional
Permitted Amount” has the meaning set forth in the definition of Permitted Refinancing Indebtedness.

 

“Adjusted LIBO
Rate” means, with respect to any Eurodollar Borrowing for any Interest Period, an interest rate per annum (rounded upwards,
if necessary, to the next 1/16 of 1%) equal to (a) the LIBO Rate for such Interest Period multiplied by (b) the Statutory
Reserve Rate.

 

“Administrative
Agent” means JPMorgan Chase Bank, N.A., together with its affiliates, as the administrative agent for the Lenders under
this Agreement and the other Loan Documents, together with any of its successors.

 

“Advisory Fees”
has the meaning set forth in the definition of Consolidated EBITDA.

 

“Affected Financial
Institution” means (a) any EEA Financial Institution or (b) any UK Financial Institution.

 

“Affiliate”
means, as to any Person, any other Person that, directly or indirectly, is in control of, is controlled by, or is under common
control with, such Person. For purposes of this definition, “control” of a Person means the power, directly or indirectly,
to direct or cause the direction of the management and policies of such Person, whether by contract or otherwise.

 

“Agents”
means the collective reference to the Administrative Agent and any other agent identified on the cover page of this Agreement.

 

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

 

    2

     

    

 

“Alternate Base
Rate” means, for any day, a rate per annum equal to the greatest of (a) the Prime Rate in effect on such day, (b) the
NYFRB Rate in effect on such day plus 1⁄2 of 1% and (c) the Adjusted LIBO Rate for a one month Interest Period on such
day (or if such day is not a Business Day, the immediately preceding Business Day) plus 1%; provided that for the purpose
of this definition, the Adjusted LIBO Rate for any day shall be based on the LIBO Screen Rate (or if the LIBO Screen Rate is not
available for such one month Interest Period, the Interpolated Rate) at approximately 11:00 a.m. London time on such day.
Any change in the Alternate Base Rate due to a change in the Prime Rate, the NYFRB Rate or the Adjusted LIBO Rate shall be effective
from and including the effective date of such change in the Prime Rate, the NYFRB Rate or the Adjusted LIBO Rate, respectively.
If the Alternate Base Rate is being used as an alternate rate of interest pursuant to Section 2.16 (for the avoidance of doubt,
only until the Benchmark Replacement has been determined pursuant to Section 2.16(b)), then the Alternate Base Rate shall
be the greater of clauses (a) and (b) above and shall be determined without reference to clause (c) above. For the
avoidance of doubt, if the Alternate Base Rate as determined pursuant to the foregoing would be less than 1.75%, such rate shall
be deemed to be 1.75% for purposes of this Agreement.

 

“Ancillary Document”
has the meaning set forth in Section 10.8.

 

“Anti-Corruption
Laws” means all laws, rules and regulations of any jurisdiction applicable to the Borrower or its Subsidiaries from
time to time concerning or relating to bribery or corruption.

 

“Applicable
Margin” means (a) (i) with respect to Initial Term Loans constituting ABR Loans, 3.00% per annum and (ii) with
respect to Initial Term Loans constituting Eurodollar Loans, 4.00% per annum; and

 

(b)     with
respect to Incremental Term Loans of any Series, such per annum rates as shall be agreed to by the Borrower and the applicable
Incremental Term Lenders as shown in the applicable Incremental Term Loan Activation Notice in respect of such Series.

 

“Applicable
Reference Period” means as of any date of determination, the most recently ended Reference Period for which financial
statements with respect to each fiscal quarter included in such Reference Period have been delivered pursuant to Section 6.1(a) or
6.1(b) (or, prior to the delivery of any such financial statements, the Reference Period ended September 30, 2020).

 

“Approved Electronic
Platform” has the meaning set forth in Section 9.3(a).

 

“Approved Fund”
has the meaning set forth in Section 10.6(b).

 

“Arrangers”
means JPMorgan Chase Bank, N.A., Credit Suisse Loan Funding LLC, HSBC Securities (USA) Inc., Citizens Bank, N.A. and Truist Bank.

 

“Asset Sale”
means any Disposition of property or series of related Dispositions of property pursuant to Section 7.5(n) or (o) that
yields gross proceeds to any Group Member (valued at the initial principal amount thereof in the case of non-cash proceeds consisting
of notes or other debt securities and valued at fair market value in the case of other non-cash proceeds) in excess of $15,000,000
in any single transaction or series of related transactions.

 

“Asset Sale
Percentage” means 100%; provided, that (a) the Asset Sale Percentage shall be reduced to 50% if the Consolidated
Secured Leverage Ratio for the Applicable Reference Period calculated on a Pro Forma Basis is less than or equal to 1.50 to 1.00
but greater than 1.00 to 1.00 and (b) the Asset Sale Percentage shall be reduced to 0% if the Consolidated Secured Leverage
Ratio for the Applicable Reference Period calculated on a Pro Forma Basis is less than or equal to 1.00 to 1.00.

 

“Assignee”
has the meaning set forth in Section 10.6(b)(i).

 

    3

     

    

 

“Assignment
and Assumption” means an Assignment and Assumption, substantially in the form of Exhibit E or any other form (including
electronic records generated by the use of an electronic Platform) approved by the Administrative Agent.

 

“Attributable
Indebtedness” means in respect of any sale and leaseback transaction, as at the time of determination, the present value
(discounted at the implied interest rate in such transaction compounded annually) of the total obligations of the lessee for rental
payments during the remaining term of the lease included in such sale and leaseback transaction (including any period for which
such lease has been extended or may, at the option of the lessor, be extended).

 

“Auction Manager”
has the meaning set forth in Section 2.25.

 

“Auction Notice”
means an auction notice given by the Borrower in accordance with the Auction Procedures with respect to an Auction Purchase Offer.

 

“Auction Procedures”
means the auction procedures with respect to Auction Purchase Offers set forth in Exhibit J hereto.

 

“Auction Purchase
Offer” means an offer by the Borrower to purchase Term Loans of one or more Facilities pursuant to modified Dutch auctions
conducted in accordance with the Auction Procedures and otherwise in accordance with Section 2.25.

 

“Available Amount”
means at any time, the excess if any, of:

 

(a)            the
sum (without duplication) of:

 

(i)            an
amount equal to 100% of Retained Excess Cash Flow;

 

(ii)            the
Net Cash Proceeds (Not Otherwise Applied) received after the Closing Date and on or prior to such date from any issuance of Qualified
Capital Stock by the Borrower (other than any such issuance to a Group Member);

 

(iii)            the
Net Cash Proceeds of Indebtedness and Disqualified Capital Stock of the Borrower, in each case incurred or issued after the Closing
Date, which have been exchanged or converted into Qualified Capital Stock;

 

(iv)            the
Net Cash Proceeds of Dispositions of Investments made using the Available Amount on or after the Closing Date;

 

(v)             to
the extent not already included in Consolidated Net Income, returns, profits, distributions and similar amounts received in cash
or Cash Equivalents on Investments made using the Available Amount on or after the Closing Date;

 

(vi)            the
Investments made on or after the Closing Date using the Available Amount of the Borrower and its Restricted Subsidiaries in any
Unrestricted Subsidiary that has been re-designated as a Restricted Subsidiary or that has been merged or consolidated into the
Borrower or any of its Restricted Subsidiaries or the fair market value of the assets of any Unrestricted Subsidiary that have
been transferred to the Borrower or any of its Restricted Subsidiaries;

 

(vii)            the
Net Cash Proceeds of Dispositions after the Closing Date of Unrestricted Subsidiaries and Joint Ventures;

 

    4

     

    

 

(viii)           the
aggregate amount received after the Closing Date and on or prior to such date by the Borrower or any Restricted Subsidiary in cash
from any dividend or other distribution by an Unrestricted Subsidiary or a Joint Venture (except to the extent increasing Consolidated
Net Income);

 

(ix)         
     the aggregate amount of the Declined Amounts (calculated from the Closing Date) Not Otherwise
Applied; and

 

(x)          
     $242,300,000; minus

 

(b)      the
sum of all (x) Restricted Payments made on or after the Closing Date and prior to such time in reliance on Section 7.6(g),
(y) Investments made on or after the Closing Date, prior to such time in reliance on Section 7.7(r) and (z) Restricted
Debt Payments made on or after the Closing Date and prior to such time in reliance on Section 7.8(a)(v), in each case utilizing
the Available Amount or portions thereof in effect on the date of any such Restricted Payment, Investment or Restricted Debt
Payment.

 

“Available Incremental
Amount” means, on any date, the sum of the following:

 

(a)            the
Base Incremental Amount;

 

(b)            the
Voluntary Prepayment Amount;

 

(c)          with
respect to any Indebtedness secured on a pari passu basis with the Initial Term Facility, an unlimited amount, so long as after
giving effect to the incurrence of such Indebtedness under this clause (c), the Consolidated Senior Secured Leverage Ratio for
the Applicable Reference Period, calculated on a Pro Forma Basis as of the date of incurrence of such Indebtedness, is equal to
or less than either (i) 2.00 to 1.00 or (ii) in the case of any such Indebtedness incurred in connection with a Permitted
Acquisition or Investment, the Consolidated Senior Secured Leverage Ratio for the Applicable Reference Period, calculated on a
Pro Forma Basis immediately prior to giving pro forma effect to such Permitted Acquisition or Investment;

 

(d)           with
respect to any Indebtedness secured on a junior basis to the Initial Term Facility, an unlimited amount, so long as after giving
effect to the incurrence of such Indebtedness under this clause (d), the Consolidated Secured Leverage Ratio for the Applicable
Reference Period, calculated on a Pro Forma Basis as of the date of incurrence of such Indebtedness, is equal to or less than either
(i) 2.00 to 1.00 or (ii) in the case of any such Indebtedness incurred in connection with a Permitted Acquisition or
Investment, the Consolidated Secured Leverage Ratio for the Applicable Reference Period, calculated on a Pro Forma Basis immediately
prior to giving pro forma effect to such Permitted Acquisition or Investment; and

 

(e)           with
respect to any unsecured Indebtedness, an unlimited amount, so long as after giving effect to the incurrence of such Indebtedness
under this clause (e), either (i) the Consolidated Leverage Ratio for the Applicable Reference Period, calculated on a Pro
Forma Basis as of the date of incurrence of such Indebtedness, is equal to or less than either (x) 2.50 to 1.00 or (y) in
the case of any such Indebtedness incurred in connection with a Permitted Acquisition or Investment, the Consolidated Leverage
Ratio for the Applicable Reference Period, calculated on a Pro Forma Basis immediately prior to giving pro forma effect to such
Permitted Acquisition or Investment or (ii) the Consolidated Cash Interest Coverage Ratio for the Applicable Reference Period,
calculated on a Pro Forma Basis as of the date of incurrence of such Indebtedness, is equal to or greater than either (x) 2.00:1.00
or (y) in the case of any such Indebtedness incurred in connection with a Permitted Acquisition or Investment, the Consolidated
Cash Interest Coverage Ratio for the Applicable Reference Period, calculated on a Pro Forma Basis immediately prior to giving pro
forma effect to such Permitted Acquisition or Investment.

 

    5

     

    

 

“Available Tenor”
means, as of any date of determination and with respect to the then-current Benchmark, as applicable, any tenor for such Benchmark
or payment period for interest calculated with reference to such Benchmark, as applicable, that is or may be used for determining
the length of an Interest Period 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
Section 2.16.

 

“Bail-In Action”
means the exercise of any Write-Down and Conversion Powers by the applicable Resolution Authority in respect of any liability of
an Affected Financial Institution.

 

“Bail-In Legislation”
means (a) with respect to any EEA Member Country implementing Article 55 of Directive 2014/59/EU of the European Parliament
and of the Council of the European Union, the implementing law for such EEA Member Country from time to time which is described
in the EU Bail-In Legislation Schedule and (b) with respect to the United Kingdom, Part I of the United Kingdom Banking
Act 2009 (as amended from time to time) and any other law, regulation or rule applicable in the United Kingdom relating to
the resolution of unsound or failing banks, investment firms or other financial institutions or their affiliates (other than through
liquidation, administration or other insolvency proceedings).

 

“Bankruptcy
Code” means Title 11 of the United States Code (11 U.S.C. § 101 et seq.), as now and hereafter in effect, or any
successor statute.

 

“Bankruptcy
Plan” means a reorganization or plan of liquidation pursuant to any Debtor Relief Laws.

 

“Base Incremental
Amount” means as of any date, an amount equal to (a) the greater of (i) $500,000,000 and (ii) 100% of
Consolidated EBITDA calculated on a Pro Forma Basis for the Applicable Reference Period less (b) the aggregate principal
amount of Incremental Term Loans and Incremental Equivalent Debt established prior to such date in reliance on the Base Incremental
Amount.

 

“Benchmark”
means, initially, the LIBO Rate; provided that if a Benchmark Transition Event, a Term SOFR Transition Event or an Early
Opt-in Election, as applicable, and its related Benchmark Replacement Date have occurred with respect to the LIBO Rate or the then-current
Benchmark, then “Benchmark” means the applicable Benchmark Replacement to the extent that such Benchmark Replacement
has replaced such prior benchmark rate pursuant to clause (b) or clause (c) of Section 2.16.

 

“Benchmark Replacement”
means, for any Available Tenor, the first alternative set forth in the order below that can be determined by the Administrative
Agent for the applicable Benchmark Replacement Date:

 

(1) the sum of:
(a) Term SOFR and (b) the related Benchmark Replacement Adjustment;

 

(2) the sum of:
(a) Daily Simple SOFR and (b) the related Benchmark Replacement Adjustment;

 

    6

     

    

 

(3) the sum of:
(a) the alternate benchmark rate that has been selected by the Administrative Agent and the Borrower as the replacement for
the then-current Benchmark for the applicable Corresponding Tenor giving due consideration to (i) any selection or recommendation
of a replacement benchmark rate or the mechanism for determining such a rate by the Relevant Governmental Body or (ii) any
evolving or then-prevailing market convention for determining a benchmark rate as a replacement for the then-current Benchmark
for Dollar-denominated syndicated credit facilities at such time and (b) the related Benchmark Replacement Adjustment;

 

provided that, in the case of clause
(1), such Unadjusted Benchmark Replacement is 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; provided further that, notwithstanding
anything to the contrary in this Agreement or in any other Loan Document, upon the occurrence of a Term SOFR Transition Event,
and the delivery of a Term SOFR Notice, on the applicable Benchmark Replacement Date the “Benchmark Replacement” shall
revert to and shall be deemed to be the sum of (a) Term SOFR and (b) the related Benchmark Replacement Adjustment, as
set forth in clause (1) of this definition (subject to the first proviso above).

 

If the Benchmark Replacement
as determined pursuant to clause (1), (2) or (3) above would be less than 0.75%, the Benchmark Replacement will be deemed
to be 0.75% for the purposes of this Agreement and the other Loan Documents.

 

“Benchmark Replacement
Adjustment” means, with respect to any replacement of the then current Benchmark with an Unadjusted Benchmark Replacement
for any applicable Interest Period and Available Tenor for any setting of such Unadjusted Benchmark Replacement:

 

(1) for purposes
of clauses (1) and (2) of the definition of “Benchmark Replacement,” the first alternative set forth in the
order below that can be determined by the Administrative Agent:

 

(a) the spread adjustment,
or method for calculating or determining such spread adjustment, (which may be a positive or negative value or zero) as of the
Reference Time such Benchmark Replacement is first set for such Interest Period that has been selected or recommended by the Relevant
Governmental Body for the replacement of such Benchmark with the applicable Unadjusted Benchmark Replacement for the applicable
Corresponding Tenor;

 

(b) the spread adjustment
(which may be a positive or negative value or zero) as of the Reference Time such Benchmark Replacement is first set for such Interest
Period that would apply to the fallback rate for a derivative transaction referencing the ISDA Definitions to be effective upon
an index cessation event with respect to such Benchmark for the applicable Corresponding Tenor; and

 

(2) for purposes
of clause (3) of the definition of “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 for the applicable Corresponding Tenor giving due consideration to (i) any selection or recommendation
of a spread adjustment, or method for calculating or determining such spread adjustment, for the replacement of such Benchmark
with the applicable Unadjusted Benchmark Replacement by the Relevant Governmental Body on the applicable Benchmark Replacement
Date or (ii) any evolving or then-prevailing market convention for determining a spread adjustment, or method for calculating
or determining such spread adjustment, for the replacement of such Benchmark with the applicable Unadjusted Benchmark Replacement
for U.S. dollar denominated syndicated credit facilities;

 

provided that,
in the case of clause (1) above, such adjustment is displayed on a screen or other information service that publishes such
Benchmark Replacement Adjustment from time to time as selected by the Administrative Agent in its reasonable discretion.

 

    7

     

    

 

“Benchmark Replacement
Conforming Changes” means, with respect to any Benchmark Replacement, any technical, administrative or operational changes
(including changes to the definition of “Alternate Base Rate,” the definition of “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 decides may be appropriate to reflect
the adoption and implementation of such Benchmark Replacement and to permit the administration thereof by the Administrative Agent
in a manner substantially consistent with market practice (or, if the Administrative Agent 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 Replacement exists, in such other manner of administration as the Administrative Agent decides
is reasonably necessary in connection with the administration of this Agreement and the other Loan Documents).

 

“Benchmark Replacement
Date” means the earliest to occur of the following events with respect to the then-current Benchmark:

 

(1) in the case
of clause (1) or (2) of the definition of “Benchmark Transition Event,” the later of (a) the date of
the public statement or publication of information referenced therein and (b) 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);

 

(2) in the case
of clause (3) of the definition of “Benchmark Transition Event,” the date of the public statement or publication
of information referenced therein; or

 

(3) in the case
of a Term SOFR Transition Event, the date that is thirty (30) days after the date a Term SOFR Notice is provided to the Lenders
and the Borrower pursuant to Section 2.14(c); or

 

(4) in the case
of an Early Opt-in Election, the sixth (6th) Business Day after the date notice of such Early Opt-in Election is provided to the
Lenders, so long as the Administrative Agent has not received, by 5:00 p.m. (New York City time) on the fifth (5th) Business
Day after the date notice of such Early Opt-in Election is provided to the Lenders, written notice of objection to such Early Opt-in
Election from Lenders comprising the Required Lenders.

 

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

 

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

 

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

 

    8

     

    

 

(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 Federal Reserve Board, the NYFRB, an insolvency official with jurisdiction over the administrator
for such Benchmark (or such component), a resolution authority with jurisdiction over the administrator for such Benchmark (or
such component) or a court or an entity with similar insolvency or resolution authority over the administrator for such Benchmark
(or such component), which states that the administrator of such Benchmark (or such component) has ceased or will cease to provide
all Available Tenors of such Benchmark (or such component thereof) permanently or indefinitely; provided that, at the time
of such statement or publication, there is no successor administrator that will continue to provide any Available Tenor of such
Benchmark (or such component thereof); or

 

(3) 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) announcing that all Available Tenors of such Benchmark (or such component thereof) are no longer
representative.

 

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

 

“Benchmark Unavailability
Period” means the period (if any) (x) 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 the then-current Benchmark
for all purposes hereunder and under any Loan Document in accordance with Section 2.16 and (y) ending at the time that
a Benchmark Replacement has replaced the then-current Benchmark for all purposes hereunder and under any Loan Document in accordance
with Section 2.16.

 

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

 

“Benefitted
Lender” has the meaning set forth in Section 10.7(a).

 

“BHC Act Affiliate”
of a party means an “affiliate” (as such term is defined under, and interpreted in accordance with, 12 U.S.C. 1841(k))
of such party.

 

“Board”
means the Board of Governors of the Federal Reserve System of the United States (or any successor).

 

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

 

“Borrower Debt
Repayment” means the repayment of, termination of all commitments under and the discharge of and release of all security
and guarantees in respect of (i) the Existing Term Loan Facility and (ii) the Existing ABL Facility, in each case, as
amended, supplemented or otherwise modified.

 

“Borrower Materials”
has the meaning set forth in Section 10.15(a).

 

    9

     

    

 

“Borrowing”
means Loans of the same Facility and Type made, converted or continued on the same date and, in the case of Eurodollar Loans, as
to which a single Interest Period is in effect.

 

“Borrowing Date”
means any Business Day specified by the Borrower as a date on which the Borrower requests the relevant Lenders to make Loans hereunder.

 

“Borrowing Request”
means a request by the Borrower for a borrowing of Loans in accordance with Section 2.2, which shall be substantially in the
form of Exhibit A or any other form approved by the Administrative Agent.

 

“Business Day”
means a day other than a Saturday, Sunday or other day on which commercial banks in New York City are authorized or required by
law to close, provided, that with respect to notices and determinations in connection with, and payments of principal and
interest on, Loans having an interest rate determined by reference to the Adjusted LIBO Rate, such day is also a day for trading
by and between banks in Dollar deposits in the interbank eurodollar market.

 

“Capital Expenditures”
means for any period, with respect to any Person, the aggregate of all expenditures by such Person and its Restricted Subsidiaries
for the acquisition or leasing (pursuant to a finance lease) of fixed or capital assets or additions to equipment (including replacements,
capitalized repairs and improvements during such period) that is required to be capitalized under GAAP on a consolidated balance
sheet of such Person and its Restricted Subsidiaries.

 

“Capital Stock”
means any and all shares, interests, participations or other equivalents (however designated) of capital stock of a corporation,
any and all equivalent ownership interests in a Person (other than a corporation) and any and all warrants, rights or options to
purchase any of the foregoing, but excluding any debt securities convertible into any of the foregoing.

 

“Cash Equivalents”
means (a) marketable direct obligations issued by, or unconditionally guaranteed by, the United States Government or issued
by any agency thereof and backed by the full faith and credit of the United States, in each case maturing within two years from
the date of acquisition; (b) certificates of deposit, time deposits, eurodollar time deposits or overnight bank deposits having
maturities of six months or less from the date of acquisition issued by any Lender or by any commercial bank organized under the
laws of the United States or any state thereof having combined capital and surplus of not less than $250,000,000; (c) commercial
paper of an issuer rated at least A-2 by S&P or P-2 by Moody’s, or carrying an equivalent rating by a nationally recognized
rating agency, if both of the two named rating agencies cease publishing ratings of commercial paper issuers generally, and maturing
within nine months from the date of acquisition; (d) repurchase obligations of any Lender or of any commercial bank satisfying
the requirements of clause (b) of this definition, having a term of not more than 30 days, with respect to securities issued
or fully guaranteed or insured by the United States government; (e) securities with maturities of two years or less from the
date of acquisition issued or fully guaranteed by any state, commonwealth or territory of the United States, by any political subdivision
or taxing authority of any such state, commonwealth or territory or by any foreign government, the securities of which state, commonwealth,
territory, political subdivision, taxing authority or foreign government (as the case may be) are rated at least A by S&P or
A by Moody’s; (f) securities with maturities of six months or less from the date of acquisition backed by standby letters
of credit issued by any Lender or any commercial bank satisfying the requirements of clause (b) of this definition; (g) money
market mutual or similar funds that invest exclusively in assets satisfying the requirements of clauses (a) through (f) of
this definition; or (h) money market funds that (i) comply with the criteria set forth in SEC Rule 2a-7 under the
Investment Company Act of 1940, as amended, (ii) are rated AAA by S&P and Aaa by Moody’s and (iii) have portfolio
assets of at least $1,000,000,000.

 

    10

     

    

 

“CFC”
means (a) each Person that is a “controlled foreign corporation” for purposes of the Code and (b) each Subsidiary
of any such Person.

 

“CFC Holding
Company” means each Domestic Subsidiary substantially all of the assets of which consist of Capital Stock of one or more
(a) CFCs or (b) Persons described in this definition.

 

“Change of Control”
means the acquisition of ownership, directly or indirectly, beneficially or of record, by any Person or group (within the meaning
of the Exchange Act and the rules of the SEC thereunder, but excluding any employee benefit plan of such Person or its Subsidiaries
and any Person acting in its capacity as trustee, agent or other fiduciary or administrator of such plan) of Capital Stock of the
Borrower representing more than 40% of the aggregate ordinary (in the absence of contingencies) voting power represented by the
issued and outstanding Capital Stock of the Borrower. Notwithstanding the preceding sentence or any provision of Rule 13d-3
of the Exchange Act (as in effect on the Closing Date), a person or “group” shall not be deemed to beneficially own
securities subject to an equity or asset purchase agreement, merger agreement or similar agreement (or voting or option or similar
agreement related thereto) until the consummation of the transactions contemplated by such agreement.

 

“Closing Date”
means February 17, 2021.

 

“Code”
means the Internal Revenue Code of 1986, as amended.

 

“Collateral”
means all property of the Loan Parties, now owned or hereafter acquired, upon which a Lien is purported to be created by any Security
Document.

 

“Commitment”
means, with respect to any Lender, such Lender’s Initial Term Loan Commitment, Incremental Term Loan Commitment of any
Series or any combination thereof (as the context requires).

 

“Communications”
means, collectively, any notice, demand, communication, information, document or other material provided by or on behalf of any
Loan Party pursuant to any Loan Document or the transactions contemplated therein which is distributed by the Administrative Agent,
any Lender by means of electronic communications pursuant to Section 9.3, including through an Approved Electronic Platform.

 

“Compliance
Certificate” means a certificate duly executed by a Responsible Officer substantially in the form of Exhibit F.

 

“Connection
Income Taxes” means Other Connection Taxes that are imposed on or measured by net income (however denominated) or that
are franchise Taxes or branch profits Taxes.

 

“Consolidated
Cash Interest Coverage Ratio” means as at the last day of any Reference Period, the ratio of (a) Consolidated Cash
Interest Expense for such period to (b) Consolidated EBITDA for such period.

 

    11

     

    

 

“Consolidated
Cash Interest Expense” means for any period, (a) total cash interest expense (including imputed interest expense
attributable to payments of Finance Lease Obligations) of the Borrower and its Restricted Subsidiaries for such period with respect
to all outstanding Specified Indebtedness of the Borrower and its Restricted Subsidiaries (excluding all commissions, discounts
and other fees and charges owed with respect to letters of credit and bankers’ acceptance financing and net costs under Swap
Agreements in respect of interest rates to the extent such net costs are allocable to such period in accordance with GAAP) plus
(b) commissions, discounts, yield and other fees and charges (including Securitization Fees) incurred in connection with any
Qualified Securitization Transaction which are payable to Persons other than the Borrower and its Restricted Subsidiaries. For
the purposes of calculating Consolidated Cash Interest Expense for any Reference Period pursuant to any determination of the Consolidated
Cash Interest Coverage Ratio, (i) if at any time during such Reference Period the Borrower or any Restricted Subsidiary shall
have made any Material Disposition, the Consolidated Cash Interest Expense for such Reference Period shall be reduced by an amount
equal to the Consolidated Cash Interest Expense attributable to any Restricted Subsidiary that is the subject of such Material
Disposition for such Reference Period, (ii) if during such Reference Period the Borrower or any Restricted Subsidiary shall
have made a Material Acquisition, Consolidated Cash Interest Expense for such Reference Period shall be calculated after giving
pro forma effect thereto as if such Material Acquisition occurred on the first day of such Reference Period and (iii) in the
case of any Reference Period which includes any fiscal quarter ended on or prior to the Closing Date, for each such fiscal quarter
ended on or prior to the Closing Date, Consolidated Cash Interest Expense shall be deemed to be $18,552,158, in each case subject
to any pro forma adjustments (other than in respect of the Acima Acquisition) permitted under this Agreement.

 

“Consolidated
Cash Taxes” means for any period, with respect to the Borrower and its Restricted Subsidiaries on a consolidated basis,
the aggregate amount of all income and similar Taxes, to the extent the same are payable in cash with respect to such period.

 

“Consolidated
Current Assets” means at any date, all amounts (other than cash and Cash Equivalents) that would, in conformity with
GAAP, be reflected in “total current assets” (or any like caption) on a consolidated balance sheet of the Borrower
and its Restricted Subsidiaries at such date and including, for purposes of this definition, all rental inventory.

 

“Consolidated
Current Liabilities” means at any date, all amounts that would, in conformity with GAAP, be reflected in “total
current liabilities” (or any like caption) on a consolidated balance sheet of the Borrower and its Restricted Subsidiaries
at such date, but excluding (a) the current portion of any Funded Debt of the Borrower and its Restricted Subsidiaries and
(b) without duplication of clause (a) above, all Indebtedness consisting of ABL Loans to the extent otherwise included
therein.

 

“Consolidated
EBITDA” means for any period, Consolidated Net Income for such period plus, without duplication and to the extent
reflected as a charge in the statement of such Consolidated Net Income for such period, the sum of:

 

(a)            provisions
for taxes based on income or profits or capital, including state, franchise, excise and similar taxes and foreign withholding taxes
paid or accrued, including penalties and interest relating to tax examinations,

 

(b)            interest
expense, amortization or writeoff of debt discount and debt issuance costs and commissions, discounts and other fees and charges
associated with Indebtedness (including the Loans, the ABL Loans and the Unsecured Notes),

 

(c)            depreciation
and amortization expense, including amortization of capitalized expenses for software-as-a-service solutions for accounting,

 

(d)            non-cash
charges, losses, expenses, accruals and provisions, including stock-based compensation and sale of assets not in the ordinary course
of business (but excluding any such non-cash charge to the extent that it represents an accrual or reserve for cash expenses in
any future period),

 

(e)            amortization
of intangibles (including, but not limited to, impairment of goodwill) and organization costs,

 

    12

     

    

 

(f)            any
extraordinary, unusual or non-recurring charges, expenses or losses, including, (i) legal settlement expenses and recoveries,
(ii) non-recurring natural disaster related-charges and (iii) infrequent or unusual inventory adjustments,

 

(g)            any
fees and expenses incurred during such period in connection with any Investment (including any Permitted Acquisition), Disposition,
issuance of Indebtedness or Capital Stock, or amendment or modification of any debt instrument, in each case permitted under this
Agreement, including (i) any such transactions undertaken but not completed and any transactions consummated prior to the
Closing Date and (ii) any financial advisory fees, accounting fees, legal fees and other similar advisory and consulting fees,
in each case paid in cash during such period (collectively, “Advisory Fees”),

 

(h)            any
fees and expenses incurred in connection with the Transactions, including Advisory Fees and (solely for purposes of this clause
(h)) cash charges or expenses in respect of strategic market reviews, stay or sign-on bonuses, integration-related bonuses, restructuring,
consolidation, severance or discontinuance of any portion of operations, employees and/or management,

 

(i)            the
amount of “run-rate” cost savings, operating expense reductions, operating improvements, revenue enhancements, business
optimizations and synergies that are reasonably identifiable, factually supportable and projected by the Borrower in good faith
to be realized as a result of mergers and other business combinations, Permitted Acquisitions, divestitures, insourcing initiatives,
cost savings initiatives, plant consolidations, openings and closings, product rationalization and other similar initiatives after
the Closing Date, in each case to the extent not prohibited by this Agreement (collectively, “Initiatives”)
(calculated on a pro forma basis as though such cost savings, operating expense reductions, operating improvements, revenue enhancements,
business optimizations and synergies had been realized on the first day of the relevant Reference Period), net of the amount of
actual benefits realized in respect thereof; provided that (i) actions in respect of such cost-savings, operating expense
reductions, operating improvements, revenue enhancements, business optimizations and synergies have been, or will be, taken within
12 months of the applicable Initiative, (ii) no cost savings, operating expense reductions, operating improvements, revenue
enhancements, business optimizations or synergies shall be added pursuant to this clause (i) to the extent duplicative of
any expenses or charges otherwise added to (or excluded from) Consolidated EBITDA, whether through a pro forma adjustment or otherwise,
for such period, (iii) projected amounts (and not yet realized) may no longer be added in calculating Consolidated EBITDA
pursuant to this clause (i) to the extent occurring more than eight fiscal quarters after the applicable Initiative and (iv) with
respect to any Reference Period, the aggregate amount added back in the calculation of Consolidated EBITDA for such Reference Period
pursuant to this clause (i) and clause (j) below shall not exceed 25% of Consolidated EBITDA (calculated after giving
effect to any add-backs pursuant to this clause (i) and clause (j) below),

 

(j)            non-recurring
cash expenses or charges recognized for restructuring costs, integration costs and business optimization expenses in connection
with any Initiative; provided that with respect to any Reference Period, the aggregate amount added back in the calculation
of Consolidated EBITDA for such Reference Period pursuant to this clause (j) and clause (i) above shall not exceed 25%
of Consolidated EBITDA (calculated after giving effect to any add-backs pursuant to this clause (j) and clause (i) above),

 

(k)            fees,
costs, expenses and charges associated with contract terminations; provided that with respect to any Reference Period, the
aggregate amount added back in the calculation of Consolidated EBITDA for such Reference Period pursuant to this clause (k) shall
not exceed 5% of Consolidated EBITDA (calculated after giving effect to any add-backs pursuant to this clause (k)),

 

    13

     

    

 

(l)            losses,
charges and expenses related to the early extinguishment of Indebtedness, hedge agreements or other derivative instruments (including
deferred financing fees),

 

(m)            losses,
charges and expenses attributable to abandoned, closed, Disposed or discontinued operations and losses, charges and expenses related
to the abandonment, closure, Disposal or discontinuation thereof,

 

(n)            charges,
expenses and other items described in the model delivered by the Borrower to the Arrangers on December 14, 2020, and

 

(o)            legal
and professional fees and expenses incurred in connection with the Transactions,

 

minus,

 

(x)            to
the extent included in the statement of such Consolidated Net Income for such period, the sum of:

 

(i)            interest
income,

 

(ii)            any
extraordinary, unusual or non-recurring income or gains (including, whether or not otherwise includable as a separate item in the
statement of such Consolidated Net Income for such period, gains on the sales of assets outside of the ordinary course of business),

 

(iii)            income
tax credits (to the extent not netted from income tax expense),

 

(iv)            any
other non-cash income (other than normal accruals in the ordinary course of business for non-cash income that represents an accrual
for cash income in a future period),

 

(v)            gains
related to the early extinguishment of Indebtedness, hedge agreements or other derivative instruments (including deferred financing
fees), and

 

(vi)            gains
attributable to abandoned, closed, Disposed or discontinued operations, and

 

(y)            any
cash payments made during such period in respect of items described in clause (d) above subsequent to the fiscal quarter in
which the relevant non-cash expenses or losses were reflected as a charge in the statement of Consolidated Net Income, all as determined
on a consolidated basis.

 

For the purposes of calculating
Consolidated EBITDA for any Reference Period pursuant to any determination of the Consolidated Leverage Ratio, Consolidated Secured
Leverage Ratio, Consolidated Senior Secured Leverage Ratio or Consolidated Cash Interest Coverage Ratio, (i) if at any time
during such Reference Period the Borrower or any Restricted Subsidiary shall have made any Material Disposition, the Consolidated
EBITDA for such Reference Period shall be reduced by an amount equal to the Consolidated EBITDA (if positive) attributable to the
property that is the subject of such Material Disposition for such Reference Period or increased by an amount equal to the Consolidated
EBITDA (if negative) attributable thereto for such Reference Period, (ii) if during such Reference Period the Borrower or
any Restricted Subsidiary shall have made a Material Acquisition, Consolidated EBITDA for such Reference Period shall be calculated
after giving pro forma effect thereto as if such Material Acquisition occurred on the first day of such Reference Period
and (iii) in the case of any Reference Period which includes any fiscal quarter ended on or prior to the Closing Date, if
the respective Reference Period (a) includes the fiscal quarter of the Borrower ended September 30, 2020, Consolidated
EBITDA for such fiscal quarter shall be deemed to be $166,560,166, (b) includes the fiscal quarter of the Borrower ended June 30,
2020, Consolidated EBITDA for such fiscal quarter shall be deemed to be $131,999,152, (c) includes the fiscal quarter of the
Borrower ended March 31, 2020, Consolidated EBITDA for such fiscal quarter shall be deemed to be $112,667,268 and (d) includes
the fiscal quarter of the Borrower ended December 31, 2019, Consolidated EBITDA for such fiscal quarter shall be deemed to
be $104,651,226, in each case subject to any pro forma adjustments (other than in respect of the Acima Acquisition) permitted under
this Agreement.

 

    14

     

    

 

“Consolidated
Leverage Ratio” means as at the last day of any Reference Period, the ratio of (a)(i) Consolidated Total Debt on
such day less (ii) the aggregate Unrestricted Cash of the Group Members on such day to (b) Consolidated EBITDA
for such period.

 

“Consolidated
Net Income” means for any period, the consolidated net income (or loss) of the Borrower and its Restricted Subsidiaries,
determined on a consolidated basis in accordance with GAAP; provided that there shall be excluded:

 

(a)            the
income (or deficit) of any Person accrued prior to the date it becomes a Restricted Subsidiary of the Borrower or is merged into
or consolidated with the Borrower or any of its Restricted Subsidiaries;

 

(b)            the
income (or deficit) of any Person (other than a Restricted Subsidiary of the Borrower) in which the Borrower or any of its Restricted
Subsidiaries has an ownership interest, except to the extent that any such income is actually received by the Borrower or such
Restricted Subsidiary in the form of dividends or similar distributions;

 

(c)            the
undistributed earnings of any Restricted Subsidiary (other than a Securitization Subsidiary) of the Borrower to the extent that
the declaration or payment of dividends or similar distributions by such Restricted Subsidiary is not at the time permitted by
the terms of any Contractual Obligation (other than under any Loan Document) or Requirement of Law applicable to such Restricted
Subsidiary;

 

(d)            any
income (or loss) for such period attributable to the early extinguishment of Indebtedness or Swap Obligations; and

 

(e)            the
cumulative effect of a change in accounting principles and changes as a result of the adoption or modification of accounting policies
during such period.

 

“Consolidated
Priority Debt” means at any date, Consolidated Total Debt at such date that is secured by a Lien on any Collateral (other
than Indebtedness that is secured only by Liens on Collateral that are pari passu or junior to the Liens on such Collateral securing
the Initial Term Loans).

 

“Consolidated
Priority Leverage Ratio” means as of the last day of any Reference Period, the ratio of (a)(i) Consolidated Priority
Debt on such day less (ii) the aggregate Unrestricted Cash of the Group Members on such date to (b) Consolidated EBITDA
for such period.

 

“Consolidated
Secured Debt” means at any date, Consolidated Total Debt at such date that is secured by a Lien on any property of any
Group Member.

 

    15

     

    

 

“Consolidated
Secured Leverage Ratio” means as at the last day of any Reference Period, the ratio of (a)(i) Consolidated Secured
Debt on such day less (ii) the aggregate Unrestricted Cash of the Group Members on such day to (b) Consolidated EBITDA
for such period.

 

“Consolidated
Senior Secured Debt” means at any date, Consolidated Total Debt (other than Indebtedness that is secured only by Liens
that are junior to the Liens securing the Initial Term Loans) at such date that is secured by a Lien on any property of any Group
Member.

 

“Consolidated
Senior Secured Leverage Ratio” means as at the last day of any Reference Period, the ratio of (a)(i) Consolidated
Senior Secured Debt on such day less (ii) the aggregate Unrestricted Cash of the Group Members on such day to (b) Consolidated
EBITDA for such period.

 

“Consolidated
Total Assets” means at any date of determination, the total assets, in each case reflected on the consolidated balance
sheet of the Borrower and its Restricted Subsidiaries as at the end of the most recently ended fiscal quarter of the Borrower for
which a balance sheet is available, determined in accordance with GAAP (and, in the case of any determination related to the incurrence
of Indebtedness or Liens or any Investment, on a pro forma basis including any property or assets being acquired in connection
therewith).

 

“Consolidated
Total Debt” means at any date (without duplication), all Finance Lease Obligations, purchase money Indebtedness, Indebtedness
for borrowed money and letters of credit (but only to the extent drawn and not reimbursed), in each case of the Borrower and its
Restricted Subsidiaries at such date, determined on a consolidated basis in accordance with GAAP.

 

“Consolidated
Working Capital” means at any date, the excess of Consolidated Current Assets on such date over Consolidated Current
Liabilities on such date.

 

“Contract Consideration”
has the meaning set forth in the definition of “Excess Cash Flow”.

 

“Contractual
Obligation” means as to any Person, any provision of any security issued by such Person or of any agreement, instrument
or other undertaking to which such Person is a party or by which it or any of its property is bound (including its Organizational
Documents).

 

“Corresponding
Tenor” with respect to any Available Tenor means, as applicable, either a tenor (including overnight) or an interest
payment period having approximately the same length (disregarding business day adjustment) as such Available Tenor.

 

“Covered Entity”
means any of the following:

 

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

 

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

 

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

 

“Covered Party”
has the meaning set forth in Section 10.20.

 

    16

     

    

 

“Credit Party”
means the Administrative Agent or any other Lender and, for the purposes of Section 10.13 only, any other Agent and any Arranger.

 

“Daily Simple
SOFR” means, for any day, SOFR, with the conventions for this rate (which will include a lookback) being established
by the Administrative Agent in accordance with the conventions for this rate selected or recommended by the Relevant Governmental
Body for determining “Daily Simple SOFR” for syndicated business loans; provided, that if the Administrative
Agent decides that any such convention is not administratively feasible for the Administrative Agent, then the Administrative Agent
may establish another convention in its reasonable discretion.

 

“Debtor Relief
Laws” means the Bankruptcy Code, and all other liquidation, conservatorship, bankruptcy, assignment for the benefit of
creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief laws of the United States
or other applicable jurisdictions from time to time in effect.

 

“Debt Repayment”
means the (i) Target Debt Repayment and (ii) Borrower Debt Repayment.

 

“Declined Amount”
has the meaning set forth in Section 2.11(f).

 

“Default”
means any of the events specified in Section 8, whether or not any requirement for the giving of notice, the lapse of time,
or both, has been satisfied.

 

“Default Right”
has the meaning assigned to that term in, and shall be interpreted in accordance with, 12 C.F.R. §§ 252.81, 47.2 or 382.1,
as applicable.

 

“Designated
Non-Cash Consideration” means the fair market value of non-cash consideration received by the Borrower or one of its
Restricted Subsidiaries in connection with a Disposition that is so designated as Designated Non-Cash Consideration pursuant to
a certificate of a Responsible Officer, setting forth the basis of such valuation, less the amount of cash and Cash Equivalents
received in connection with a subsequent sale of such Designated Non-Cash Consideration within 180 days of receipt of such Designated
Non-Cash Consideration.

 

“Disposition”
means with respect to any property, any sale, lease, sale and leaseback, assignment, conveyance, transfer or other disposition
(in one transaction or in a series of related transactions) of any property by any Person (including any issuance of Capital Stock
by a Subsidiary of such Person), including any sale, assignment, transfer or other disposal, with or without recourse, of any notes
or accounts receivable or any rights and claims associated therewith. The terms “Dispose” and “Disposed
of” shall have correlative meanings.

 

“Disqualified
Capital Stock” means with respect to any Person, any Capital Stock of such Person that by its terms (or by the terms
of any security into which it is convertible or for which it is exchangeable, either mandatorily or at the option of the holder
thereof), or upon the happening of any event or condition:

 

(a)          matures
or is mandatorily redeemable (other than solely for Capital Stock of such Person that does not constitute Disqualified Capital
Stock and cash in lieu of fractional shares of such Capital Stock) whether pursuant to a sinking fund obligation or otherwise;

 

(b)            is
convertible or exchangeable, either mandatorily or at the option of the holder thereof, for Indebtedness or Capital Stock (other
than solely for Capital Stock of such Person that does not constitute Disqualified Capital Stock and cash in lieu of fractional
shares of such Capital Stock); or

 

    17

     

    

 

(c)            is
redeemable (other than solely for Capital Stock of such Person that does not constitute Disqualified Capital Stock and cash in
lieu of fractional shares of such Capital Stock) or is required to be repurchased by the Borrower or any Restricted Subsidiary,
in whole or in part, at the option of the holder thereof;

 

in each case, on or prior to the date that
is 91 days after the Latest Maturity Date (determined as of the date of issuance thereof or, in the case of any such Capital Stock
outstanding on the Closing Date, the Closing Date); provided, however, that (i) Capital Stock of any Person
that would not constitute Disqualified Capital Stock but for terms thereof giving holders thereof the right to require such Person
to redeem or purchase such Capital Stock upon the occurrence of an “asset sale”, “condemnation” or a “change
of control” (or similar event, however denominated) shall not constitute Disqualified Capital Stock if any such requirement
becomes operative only after repayment in full (or offer to repay in full) of all the Loans and all other Obligations that are
accrued and payable, (ii) Capital Stock of any Person that is issued to any employee or to any plan for the benefit of employees
or by any such plan to such employees shall not constitute Disqualified Capital Stock solely because it may be required to be repurchased
by such Person or any of its subsidiaries in order to satisfy applicable statutory or regulatory obligations or as a result of
such employee’s termination, death or disability and (iii) only such portion of the Capital Stock that matures, is mandatorily
redeemable, or is convertible or exchangeable prior to such date as set forth in clauses (a) through (c) above shall
constitute Disqualified Capital Stock.

 

“Disqualified
Lenders” means (a) certain banks, financial institutions, other institutional lenders and other Persons that have
been specified in writing to the Administrative Agent by the Borrower prior to the Closing Date, (b) competitors of the Borrower
and its Restricted Subsidiaries and any affiliate of such competitor, in each case, that is identified in writing to the Administrative
Agent by the Borrower from time to time and (c) any affiliates of the entities described in the foregoing clauses (a) or
(b) that are clearly identifiable as affiliates of such entities solely on the basis of the similarity of their names (other
than affiliates that constitute bona fide debt funds primarily investing in loans). In no event shall the designation of any Person
as a Disqualified Lender apply (x) to disqualify any Person until three (3) Business Days after such Person shall have
been identified in writing to the Administrative Agent via electronic mail submitted to JPMDQ_Contact@jpmorgan.com (or to such
other address as the Administrative Agent may designate to the Borrower from time to time). For the avoidance of doubt, with respect
to any assignee that becomes a Disqualified Lender after the applicable Trade Date (including as a result of the delivery of a
notice pursuant to, and/or the expiration of the notice period referred to in, this definition) or is otherwise party to a pending
trade as of the date of such notice, (x) such assignee shall not retroactively be disqualified from becoming a Lender and
(y) the execution by the Borrower of an Assignment and Assumption with respect to such assignee will not by itself result
in such assignee no longer being considered a Disqualified Lender.

 

“Dollars”
and “$” means dollars in lawful currency of the United States.

 

“Domestic Subsidiary”
means any Restricted Subsidiary of the Borrower organized under the laws of any jurisdiction within the United States.

 

    18

     

    

 

“Early Opt-in
Election” means, if the then-current Benchmark is the LIBO Rate, the occurrence of:

 

(1)           a
notification by the Administrative Agent to (or the request by the Borrower to the Administrative Agent to notify) each of the
other parties hereto that at least five currently outstanding Dollar-denominated syndicated credit facilities at such time contain
(as a result of amendment or as originally executed) a SOFR-based rate (including SOFR, a term SOFR or any other rate based upon
SOFR) as a benchmark rate (and such syndicated credit facilities are identified in such notice and are publicly available for
review), and

 

(2)            the
joint election by the Administrative Agent and the Borrower to trigger a fallback from the LIBO Rate and the provision by the Administrative
Agent of written notice of such election to the Lenders.

 

“ECF Percentage”
means 50%; provided, that (a) the ECF Percentage shall be reduced to 25% if the Consolidated Secured Leverage Ratio
calculated on a Pro Forma Basis as of the last day of the relevant fiscal year is less than or equal to 1.50 to 1.00 but greater
than 1.00 to 1.00 and (b) the ECF Percentage shall be reduced to 0% if the Consolidated Secured Leverage Ratio calculated
on a Pro Forma Basis as of the last day of the relevant fiscal year is less than or equal to 1.00 to 1.00.

 

“EEA Financial
Institution” means (a) any credit institution or investment firm established in any EEA Member Country which is
subject to the supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country which is a
parent of an institution described in clause (a) of this definition, or (c) any financial institution established in
an EEA Member Country which is a subsidiary of an institution described in clauses (a) or (b) of this definition and
is subject to consolidated supervision with its parent.

 

“EEA Member
Country” means any of the member states of the European Union, Iceland, Liechtenstein and Norway.

 

“EEA Resolution
Authority” means any public administrative authority or any Person entrusted with public administrative authority of
any EEA Member Country (including any delegee) having responsibility for the resolution of any EEA Financial Institution.

 

“Electronic
Signature” means an electronic sound, symbol, or process attached to, or associated with, a contract or other record
and adopted by a Person with the intent to sign, authenticate or accept such contract or record.

 

“Eligible Assignee”
means (a) a Lender, (b) an Affiliate of a Lender, (c) an Approved Fund, (d) any commercial bank and (e) any
other financial institution or investment fund engaged as a primary activity in the ordinary course of its business in making or
investing in commercial loans or debt securities, other than, in each case, (i) a natural person or (ii) except to the
extent permitted under Sections 2.25 and 10.6(e), the Borrower, any Subsidiary or any other Affiliate of the Borrower or (iii) a
Disqualified Lender.

 

“Environmental
Laws” means any and all foreign, Federal, state, local or municipal laws, rules, orders, regulations, statutes, ordinances,
codes, decrees, requirements of any Governmental Authority or other Requirements of Law (including common law) regulating, relating
to or imposing liability or standards of conduct concerning protection of human health insofar as involving exposure to harmful
or deleterious substances or the environment, as now or may at any time hereafter be in effect.

 

“Environmental
Permits” means any and all permits, licenses, approvals, registrations, notifications or authorizations required under
any Environmental Law.

 

“ERISA”
means the Employee Retirement Income Security Act of 1974, as amended from time to time, and the rules and regulations promulgated
thereunder.

 

    19

     

    

 

“ERISA Affiliate”
means any trade or business (whether or not incorporated) that, together with the Borrower, is treated as a single employer under
Section 414(b) or (c) of the Code or Section 4001(14) of ERISA or, solely for purposes of Section 302
of ERISA and Section 412 of the Code, is treated as a single employer under Section 414 of the Code.

 

“ERISA Event”
means (a) any “reportable event”, as defined in Section 4043 of ERISA or the regulations issued thereunder
with respect to a Plan (other than an event for which the 30 day notice period is waived); (b) the failure to satisfy the
 “minimum funding standard” (as defined in Section 412 of the Code or Section 302 of ERISA) with respect to
any Plan, whether or not waived; (c) the filing pursuant to Section 412(c) of the Code or Section 302(c) of
ERISA of an application for a waiver of the minimum funding standard with respect to any Plan; (d) the incurrence by the Borrower
or any of its ERISA Affiliates of any liability under Title IV of ERISA with respect to the termination of any Plan; (e) the
receipt by the Borrower or any ERISA Affiliate from the PBGC or a plan administrator of any notice relating to an intention to
terminate any Plan or Plans or to appoint a trustee to administer any Plan; (f) the incurrence by the Borrower or any of its
ERISA Affiliates of any liability with respect to the withdrawal or partial withdrawal of the Borrower or any of its ERISA Affiliates
from any Plan or Multiemployer Plan; or (g) the receipt by the Borrower or any ERISA Affiliate of any notice, or the receipt
by any Multiemployer Plan from the Borrower or any ERISA Affiliate of any notice, concerning the imposition upon the Borrower or
any of its ERISA Affiliates of Withdrawal Liability or a determination that a Multiemployer Plan is, or is expected to be, Insolvent,
within the meaning of Title IV of ERISA.

 

“EU Bail-In
Legislation Schedule” means the EU Bail-In Legislation Schedule published by the Loan Market Association (or any successor
Person), as in effect from time to time.

 

“Eurodollar”
when used in reference to any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing, are bearing
interest at a rate determined by reference to the Adjusted LIBO Rate.

 

“Eurodollar
Tranche” means the collective reference to Eurodollar Loans under a particular Facility 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 Loans shall originally
have been made on the same day).

 

“Event of Default”
means any of the events specified in Section 8, provided that any requirement for the giving of notice, the lapse of
time, or both, has been satisfied.

 

“Excess Cash
Flow” means for any fiscal year of the Borrower and with respect to the Borrower and its Restricted Subsidiaries, the
excess, if any, of:

 

(a)         the
sum, without duplication, of (i) Consolidated Net Income for such fiscal year, (ii) the amount of all non-cash charges
(including depreciation and amortization) deducted in arriving at such Consolidated Net Income, (iii) decreases in Consolidated
Working Capital for such fiscal year, and (iv) the aggregate net amount of non-cash loss on the Disposition of property by
the Borrower and its Restricted Subsidiaries during such fiscal year (other than sales of inventory in the ordinary course of business),
to the extent deducted in arriving at such Consolidated Net Income over

 

(b)          the
sum, without duplication, of

 

(i)            the
amount of all non-cash income included in arriving at such Consolidated Net Income,

 

    20

     

    

 

(ii)           the
aggregate amount actually paid by the Borrower and its Restricted Subsidiaries in cash during such fiscal year on account of Capital
Expenditures (excluding the principal amount of long-term Indebtedness incurred in connection with such expenditures and any such
expenditures financed with the proceeds of any Reinvestment Deferred Amount or the proceeds of any issuance of Capital Stock of
the Borrower),

 

(iii)       without
duplication of amounts deducted from Excess Cash Flow in prior periods, the aggregate amount of Restricted Payments made by the
Borrower in cash during such fiscal year pursuant to Section 7.6(b), Section 7.6(d) and Section 7.6(j) (excluding
the principal amount of Indebtedness incurred in connection with such Restricted Payments and any Restricted Payments made with
proceeds of any issuance of Capital Stock of the Borrower),

 

(iv)          the
aggregate amount of all voluntary prepayments of Funded Debt (other than (A) the Term Loans, (B) Pari Passu Secured Indebtedness,
(C) the ABL Loans and (D) any other revolving credit facility to the extent there is not an equivalent permanent reduction
in commitments thereof) of the Borrower and its Restricted Subsidiaries made during such fiscal year (excluding any such prepayments
financed with the Available Amount or the proceeds of any issuance of Capital Stock of the Borrower or the issuance of any Indebtedness),

 

(v)           the
aggregate amount of all regularly scheduled principal payments of Funded Debt (including the Term Loans) of the Borrower and its
Restricted Subsidiaries made during such fiscal year (other than in respect of any revolving credit facility to the extent there
is not an equivalent permanent reduction in commitments thereunder),

 

(vi)           increases
in Consolidated Working Capital for such fiscal year,

 

(vii)       the
aggregate net amount of non-cash gain on the Disposition of property by the Borrower and its Restricted Subsidiaries during such
fiscal year (other than sales of inventory in the ordinary course of business), to the extent included in arriving at such Consolidated
Net Income,

 

(viii)         to
the extent not otherwise deducted from Consolidated Net Income, Consolidated Cash Taxes paid during such fiscal year,

 

(ix)          to
the extent not otherwise deducted from Consolidated Net Income, interest expense and any cash payments in respect of premium, make-whole
or penalty payments in respect of Indebtedness of the Borrower and its Restricted Subsidiaries for such year,

 

(x)           without
duplication of amounts deducted from Excess Cash Flow in prior periods, the aggregate amount of cash consideration paid by the
Borrower and the Restricted Subsidiaries during such fiscal year to make Permitted Acquisitions and Investments permitted by Section 7.7(h),
Section 7.7(t), Section 7.7(u) and Section 7.7(v) (excluding any such Permitted Acquisitions or other
Investments financed with the proceeds of any Reinvestment Deferred Amount, the Available Amount or the proceeds or any issuance
of Capital Stock of the Borrower or the issuance of any Indebtedness),

 

(xi)           cash
charges included in clauses (a) through (l) of the definition of “Consolidated Net Income” and

 

    21

     

    

 

(xii)      without
duplication of amounts deducted from Excess Cash Flow in prior periods and, at the option of the Borrower, the aggregate cash
consideration (x) required to be paid by the Borrower and its Restricted Subsidiaries pursuant to binding contracts (the
 “Contract Consideration”) entered into prior to or during such period relating to Permitted Acquisitions or
other Investments anticipated to be consummated pursuant to Section 7.7(h), Section 7.7(t), Section 7.7(u) or
Section 7.7(v), (y) expected to be paid in connection with Restricted Payments pursuant to Section 7.6(b), Section 7.6(d),
or Section 7.6(j) (“Planned Distributions”) and (z) expected to be paid in connection with planned
Capital Expenditures of the Borrower and its Restricted Subsidiaries (the “Planned Expenditures”), in each
case during the period of four consecutive fiscal quarters of the Borrower following the end of the applicable fiscal year for
which Excess Cash Flow is being calculated (except to the extent financed with the proceeds of Indebtedness, any Reinvestment
Deferred Amount, the proceeds of any issuance of Capital Stock of the Borrower or utilizing the Available Amount); provided
that to the extent the aggregate amount of cash actually utilized to finance such Permitted Acquisitions, Investments,
Restricted Payments or Capital Expenditures during such period of four consecutive fiscal quarters is less than the Contract Consideration,
Planned Distributions and the Planned Expenditures, the amount of such shortfall shall be added to the calculation of Excess Cash
Flow at the end of such period of four consecutive fiscal quarters.

 

“Excess Cash
Flow Application Date” has the meaning set forth in Section 2.11(c).

 

“Excess Cash
Flow Period” means each fiscal year of the Borrower, commencing with the fiscal year ending December 31, 2022.

 

“Exchange Act”
means the Securities Exchange Act of 1934, as amended.

 

“Excluded Subsidiary”
means (a) any Unrestricted Subsidiary, (b) any Immaterial Subsidiary, (c) any non-Wholly Owned Subsidiary, (d) any
Subsidiary that is prohibited or restricted by applicable law, rule or regulation or by any contractual obligation existing
on the Closing Date or on the date such Subsidiary was acquired (so long as such contractual obligation was not entered into in
contemplation of such acquisition) from guaranteeing the Obligations or which would require a governmental (including regulatory)
consent, approval, license or authorization to provide a guarantee unless such consent, approval, license or authorization has
been received, (e) any CFC or CFC Holding Company, (f) any Domestic Subsidiary of a Foreign Subsidiary, (g) not-for-profit
Subsidiaries and captive insurance companies, (h) the Insurance Subsidiary, (i) any Subsidiary whose provision of a guarantee
would have a cost that is excessive in relation to the value afforded thereby as determined by the Administrative Agent in its
reasonable discretion and (j) any Securitization Subsidiary. Each Excluded Subsidiary as of the Closing Date is set forth
on Schedule 4.15.

 

“Excluded Taxes”
means any of the following Taxes imposed on or with respect to a Credit Party or required to be withheld or deducted from a payment
to a Credit Party, (a) Taxes imposed on or measured by net income (however denominated), franchise Taxes, and branch profits
Taxes, in each case, (i) imposed as a result of a Credit Party being organized under the laws of, or having its principal
office or, in the case of any Lender, its applicable lending office located in, the jurisdiction imposing such Tax (or any political
subdivision thereof) or (ii) that are Other Connection Taxes, (b) in the case of a Lender, U.S. federal withholding Taxes
imposed on amounts payable to or for the account of a Lender with respect to an applicable interest in a Loan or Commitment pursuant
to a law in effect on the date on which (i) a Lender acquires such interest in the Loan or Commitment (other than pursuant
to an assignment request by the Borrower under Section 2.22) or (ii) a Lender changes its lending office, except in each
case to the extent that, pursuant to Section 2.19, amounts with respect to such Taxes were payable either to such Lender’s
assignor immediately before such Lender acquired the applicable interest in a Loan or Commitment or to such Lender immediately
before it changed its lending office, (c) Taxes attributable to a Credit Party’s failure to comply with Section 2.19(f) and
(d) any U.S. federal withholding Taxes imposed under FATCA.

 

    22

     

    

 

“Existing ABL
Facility” means that certain ABL Credit Agreement, dated as of August 5, 2019, among the Borrower, the several
lenders from time to time party thereto and JPMorgan Chase Bank, N.A., as administrative agent, as amended, supplemented or otherwise
modified.

 

“Existing Term
Loan Facility” means that certain Term Loan Credit Agreement, dated as of August 5, 2019, among the Borrower, the
several lenders from time to time party thereto and JPMorgan Chase Bank, N.A., as administrative agent, as amended, supplemented
or otherwise modified.

 

“Facility”
means each of (a) the Initial Term Commitments and the Initial Term Loans made thereunder (the “Initial Term Facility”)
and (b) the Incremental Term Loans of any Series (each, an “Incremental Term Facility”). Additional
Facilities may be established pursuant to Section 2.26 and/or Section 2.27.

 

“FATCA”
means Sections 1471 through 1474 of the Code, as of the date of this Agreement (or any amended or successor version that is substantively
comparable and not materially more onerous to comply with), any current or future regulations or official interpretations thereof,
any agreement entered into pursuant to Section 1471(b)(1) of the Code and any fiscal or regulatory legislation, rules or
practices adopted pursuant to any intergovernmental agreement, treaty or convention among Governmental Authorities and implementing
such Sections of the Code.

 

“Federal Funds
Effective Rate” means, for any day, the rate calculated by the NYFRB based on such day’s federal funds transactions
by depositary institutions, as determined in such manner as the NYFRB shall set forth on its public website from time to time,
and published on the next succeeding Business Day by the NYFRB as the effective federal funds rate; provided that if the
Federal Funds Effective Rate as so determined would be less than zero, such rate shall be deemed to be zero for the purposes of
this Agreement.

 

“Federal Reserve
Board” means the Board of Governors of the Federal Reserve System of the United States.

 

“Finance Lease
Obligations” means as to any Person, the obligations of such Person to pay rent or other amounts under any lease of (or
other arrangement conveying the right to use) real or personal property, or a combination thereof, which obligations are required
to be classified and accounted for as finance leases on a balance sheet of such Person under GAAP and, for the purposes of this
Agreement, the amount of such obligations at any time shall be the capitalized amount thereof at such time determined in accordance
with GAAP.

 

“Foreign Benefit
Arrangement” means any employee benefit arrangement mandated by non-U.S. law that is maintained or contributed to by
any Group Member, any ERISA Affiliate or any other entity related to a Group Member on a controlled group basis.

 

“Foreign Plan”
means each employee benefit plan (within the meaning of Section 3(3) of ERISA, whether or not such plan is subject to
ERISA) that is not subject to US law and is maintained or contributed to by any Group Member, or ERISA Affiliate or any other entity
related to a Group Member on a controlled group basis.

 

“Foreign Plan
Event” means with respect to any Foreign Benefit Arrangement or Foreign Plan, (a) the failure to make or, if applicable,
accrue in accordance with normal accounting practices, any employer or employee contributions required by applicable law or by
the terms of such Foreign Benefit Arrangement or Foreign Plan; (b) the failure to register or loss of good standing with
applicable regulatory authorities of any such Foreign Benefit Arrangement or Foreign Plan required to be registered; or (c) the
failure of any Foreign Benefit Arrangement or Foreign Plan to comply with any material provisions of applicable law and regulations
or with the material terms of such Foreign Benefit Arrangement or Foreign Plan.

 

    23

     

    

 

“Foreign Subsidiary”
means any Restricted Subsidiary of the Borrower that is not a Domestic Subsidiary.

 

“Funded Debt”
means as to any Person, all Specified 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 Borrower,
including Indebtedness in respect of the Loans, the ABL Loans and the Unsecured Notes.

 

“Funding Office”
means the office of the Administrative Agent specified in Section 10.2 or such other office as may be specified from time
to time by the Administrative Agent as its funding office by written notice to the Borrower and the Lenders.

 

“Funding SPV”
means Radiant Funding SPV, LLC, a Delaware limited liability company.

 

“GAAP”
means generally accepted accounting principles in the United States as in effect from time to time. In the event that any “Accounting
Change” (as defined below) shall occur and such change results in a change in the method of calculation of financial covenants,
standards or terms in this Agreement, then the Borrower and the Administrative Agent agree to enter into negotiations to promptly
amend such provisions of this Agreement so as to reflect equitably such Accounting Changes with the desired result that the criteria
for evaluating the Borrower’s results of operations and/or financial condition shall be the same after such Accounting Changes
as if such Accounting Changes had not been made. Until such time as such an amendment shall have been executed and delivered by
the Borrower, the Administrative Agent and the Required Lenders, all financial covenants, standards and terms in this Agreement
shall continue to be calculated or construed as if such Accounting Changes had not occurred. “Accounting Changes”
refers to changes in accounting principles required by the promulgation of any rule, regulation, pronouncement or opinion by the
Financial Accounting Standards Board or, if applicable, the SEC.

 

“Governmental
Authority” means the government of the United States, any other nation or any political subdivision thereof, whether
state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive,
legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to government, any securities
exchange and any self-regulatory organization (including the National Association of Insurance Commissioners).

 

“Group Members”
means the collective reference to the Borrower and its Restricted Subsidiaries.

 

“Guarantee and
Collateral Agreement” means the Term Loan Guarantee and Collateral Agreement, dated as of the Closing Date, executed
and delivered by the Borrower and each Subsidiary Guarantor, substantially in the form of Exhibit D, as the same may be amended,
restated, amended and restated, modified, supplemented and/or replaced (in form reasonably satisfactory to the Administrative Agent)
from time to time.

 

    24

     

    

 

“Guarantee
Obligation” means as to any Person (the “guaranteeing person”), any obligation, including a reimbursement,
counterindemnity or similar obligation, of the guaranteeing Person that guarantees or in effect guarantees, or which is given
to induce the creation of a separate obligation by another Person (including any bank under any letter of credit) that guarantees
or in effect guarantees, any Indebtedness, leases, dividends or other obligations (the “primary obligations”)
of any other third Person (the “primary obligor”) in any manner, whether directly or indirectly, including
any obligation of the guaranteeing person, whether or not contingent, (i) to purchase any such primary obligation or any
property constituting direct or indirect security therefor, (ii) to advance or supply funds (1) for the purchase or
payment of any such primary obligation or (2) to maintain working capital or equity capital of the primary obligor or otherwise
to maintain the net worth or solvency of the primary obligor, (iii) 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 (iv) otherwise to assure or hold harmless the owner of any such primary obligation against loss
in respect thereof; provided, however, that the term Guarantee Obligation shall not include endorsements of instruments
for deposit or collection in the ordinary course of business or reasonable indemnity obligations entered into in connection with
any acquisition or disposition of assets. The amount of any Guarantee Obligation of any guaranteeing person shall be deemed to
be the lower of (a) an amount equal to the stated or determinable amount of the primary obligation in respect of which such
Guarantee Obligation is made and (b) 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
in good faith.

 

“Immaterial
Subsidiary” means any Restricted Subsidiary that is not a Material Subsidiary and that is designated by the Borrower
in writing to the Administrative Agent as an “Immaterial Subsidiary”; provided that if (i) as of the last
day of the most recently ended fiscal quarter of the Borrower for which financial statements have been delivered pursuant to Section 5.1(a) or
(b), the aggregate tangible assets of Immaterial Subsidiaries, as of the last day of such fiscal quarter, is greater than 5% of
Consolidated Total Assets or (ii) the aggregate contribution of Immaterial Subsidiaries to Consolidated EBITDA for the Applicable
Reference Period is greater than 5% of Consolidated EBITDA for such Applicable Reference Period, then one or more Restricted Subsidiaries
that are not Material Subsidiaries shall promptly be designated by the Borrower in writing to the Administrative Agent as a “Material
Subsidiary” until such excess has been eliminated. Each Immaterial Subsidiary as of the Closing Date is set forth on Schedule
4.15.

 

“Impacted Interest
Period” has the meaning set forth in the definition of LIBO Rate.

 

“Incremental
Equivalent Debt” means any Indebtedness incurred by a Loan Party in the form of one or more series of secured or unsecured
bonds, debentures, notes or similar instruments (including “mezzanine” debt and bridge loans) or term loans; provided
that (a) if such Indebtedness is secured, (i) such Indebtedness shall be secured by the Collateral on a pari passu
or junior basis to the Initial Term Loans (but, in each case, without regard to the control of remedies) and shall not be secured
by any property or assets of any Group Member other than the Collateral and (ii) a representative, trustee, collateral agent,
security agent or similar Person acting on behalf of the holders of such Indebtedness shall have become party to an intercreditor
agreement reasonably satisfactory to the Administrative Agent, (b) such Indebtedness does not mature earlier than the date
that is 91 days after the Latest Maturity Date then in effect at the time of incurrence thereof and has a weighted average life
to maturity no shorter than the Facility of Term Loans with the Latest Maturity Date in effect at the time of incurrence of such
Indebtedness, (c) such Indebtedness contains mandatory prepayment and redemption terms, covenants and events of default that
are either (x) customary for similar Indebtedness in light of then-prevailing market conditions (it being understood and
agreed that such Indebtedness shall include financial maintenance covenants only to the extent any such financial maintenance
covenant is (i) applicable only to periods after the Latest Maturity Date then in effect at the time of incurrence thereof
or (ii) included in or added to the Loan Documents for the benefit of the Lenders) or (y) when taken as a whole (other
than interest rates, rate floors, fees and optional prepayment or redemption terms), are not materially more favorable to the
lenders or investors providing such Incremental Equivalent Debt, as the case may be, than those set forth in the Loan Documents
are with respect to the Lenders (other than covenants or other provisions applicable only to periods after the Latest Maturity
Date then in effect at the time of incurrence thereof or that are included in or added to the Loan Documents for the benefit of
the Lenders), in the case of each of clauses (x) and (y), as conclusively determined by the Borrower in good faith, and (d) such
Indebtedness is not guaranteed by any Person other than Loan Parties.

 

    25

     

    

 

“Incremental
Limited Condition Term Facility” means an Incremental Term Facility incurred to finance a Limited Condition Transaction.

 

“Incremental
Term Facility” has the meaning set forth in the definition of “Facility”.

 

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

 

“Incremental
Term Loan Activation Notice” means a notice substantially in the form of Exhibit I-1 or in such other form as is
reasonably acceptable to the Administrative Agent; provided that if such Incremental Term Loan Activation Notice is to effect
amendments to this Agreement or the other Loan Documents as contemplated by Section 2.24(d), the Administrative Agent shall,
in each case, have executed such Incremental Term Loan Activation Notice.

 

“Incremental
Term Loan Closing Date” means any Business Day designated as such in an Incremental Term Loan Activation Notice.

 

“Incremental
Term Loan Commitment” means, with respect to any Lender, the commitment, if any, of such Lender, established pursuant
to an Incremental Term Loan Activation Notice and Section 2.24, to make Incremental Term Loans of any Series hereunder,
expressed as an amount representing the maximum principal amount of the Incremental Term Loans of such Series to be made by
such Lender.

 

“Incremental
Term Loan Maturity Date” means with respect to the Incremental Term Loans to be made pursuant to any Incremental Term
Loan Activation Notice, the maturity date specified in such Incremental Term Loan Activation Notice, which date shall not be earlier
than the Latest Maturity Date.

 

“Incremental
Term Loans” means any term loans made pursuant to Section 2.24(a).

 

    26

     

    

 

“Indebtedness”
means of any Person at any date, without duplication, (a) all indebtedness of such Person for borrowed money, (b) all
obligations of such Person for the deferred purchase price of property or services, (c) all obligations of such Person evidenced
by notes, bonds, debentures or other similar instruments, (d) all indebtedness created or arising under any conditional sale
or other title retention agreement with respect to property acquired by such Person (even though the rights and remedies of the
seller or lender under such agreement in the event of default are limited to repossession or sale of such property), (e) all
Finance Lease Obligations of such Person, (f) all obligations of such Person, contingent or otherwise, as an account party
or applicant under or in respect of acceptances, letters of credit, surety bonds or similar arrangements, (g) the liquidation
value of all Disqualified Capital Stock of such Person, (h) all Guarantee Obligations of such Person in respect of obligations
of the kind referred to in clauses (a) through (g) above, (i) all obligations of the kind referred to in clauses
(a) through (h) above secured by (or for which the holder of such obligation has an existing right, contingent or otherwise,
to be secured by) any Lien on property (including accounts and contract rights) owned by such Person, whether or not such Person
has assumed or become liable for the payment of such obligation (but only to the extent of the lesser of (i) the amount of
such Indebtedness and (ii) the fair market value of such property), and (j) for the purposes of Section 8(e) only,
all obligations of such Person in respect of Swap Agreements; provided that Indebtedness shall not include (i) trade
payable and accrued expenses incurred in the ordinary course of business and not more than 120 days overdue, (ii) ordinary
course intercompany liabilities having a term not exceeding 365 days (inclusive of any roll-over or extension of terms) or any
other ordinary course intercompany liabilities not constituting Specified Indebtedness, (iii) prepaid or deferred revenue
arising in the ordinary course of business, (iv) purchase price holdbacks arising in the ordinary course of business in respect
of a portion of the purchase price of an asset to satisfy unperformed obligations of the seller of such assets, (v) deferred
compensation payable to employees, officers and directors and (vi) any earn-out obligation until such obligation becomes
a liability on the balance sheet of such Person in accordance with GAAP. The Indebtedness of any Person shall include the Indebtedness
of any other entity (including any partnership in which such Person is a general partner) to the extent such Person is liable
therefor as a result of such Person’s ownership interest in or other relationship with such entity, except to the extent
the terms of such Indebtedness expressly provide that such Person is not liable therefor. Any Indebtedness for which proceeds
have been escrowed or otherwise deposited to repay, defease, redeem or satisfy and discharge such Indebtedness shall not be deemed
outstanding.

 

“Indemnified
Liabilities” has the meaning set forth in Section 10.5.

 

“Indemnified
Taxes” means (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 clause (a) above,
Other Taxes.

 

“Indemnitee”
has the meaning set forth in Section 10.5(d).

 

“Initial Term
Commitment” means as to any Lender, the obligation of such Lender, if any, to make Initial Term Loans in an aggregate
principal amount not to exceed the amount set forth under the heading “Initial Term Commitment” opposite such Lender’s
name on Schedule 1.1 or in the Assignment and Assumption pursuant to which such Lender became a party hereto, as the same may be
changed from time to time pursuant to the terms hereof. The aggregate Initial Term Commitments on the Closing Date is $875,000,000.

 

“Initial Term
Lender” means each Lender that holds an Initial Term Loan.

 

“Initial Term
Loans” has the meaning set forth in Section 2.1.

 

“Initial Term
Percentage” means, as to any Initial Term Lender, the percentage which the aggregate amount of such Lender’s Initial
Term Loan Commitment then outstanding constitutes of the aggregate amount of the Initial Term Loan Commitments then outstanding.

 

“Initiatives”
has the meaning set forth in the definition of Consolidated EBITDA.

 

“Insolvent”
means with respect to any Multiemployer Plan, the condition that such plan is insolvent within the meaning of Section 4245
of ERISA.

 

    27

     

    

 

“Insurance
Subsidiary” means Legacy Insurance Co., Ltd., a Bermuda company and a Wholly Owned Subsidiary of the Borrower formed
for the sole purpose of writing insurance only for the risks of the Borrower and its Subsidiaries.

 

“Intellectual
Property” means the collective reference to all rights in and to intellectual property, whether arising under United
States, multinational or foreign laws or otherwise, including with respect to any copyrights, copyright licenses, patents, patent
licenses, trademarks, trademark licenses, technology, confidential and proprietary know-how and processes, all registrations and
applications therefor, and all rights to sue at law or in equity for any infringement or other impairment thereof, including the
right to receive all proceeds and damages therefrom.

 

“Intercreditor
Agreements” means the ABL/Fixed Asset Intercreditor Agreement and any other intercreditor agreement substantially in
the form of Exhibit K as may be amended, restated, amended and restated, modified, supplemented and/or replaced (in form reasonably
satisfactory to the Administrative Agent) from time to time.

 

“Interest Election
Request” means a request by the Borrower to convert or continue a Borrowing in accordance with Section 2.12 and
the definition of “Interest Period”, which shall be substantially in the form of Exhibit B or any other form approved
by the Administrative Agent.

 

“Interest Payment
Date” means (a) as to any ABR Loan, the first day of each January, April, July and October to occur while
such Loan is outstanding and the final maturity date of such Loan, (b) as to any Eurodollar Loan having an Interest Period
of three months or less, the last day of such Interest Period, (c) as to any Eurodollar Loan having an Interest Period longer
than three months, each day that is three months, or a whole multiple thereof, after the first day of such Interest Period and
the last day of such Interest Period and (d) as to any Loan, the date of any repayment or prepayment made in respect thereof.

 

“Interest Period”
means as to any Eurodollar Loan, (a) initially, the period commencing on the borrowing or conversion date, as the case may
be, with respect to such Eurodollar Loan and ending one, two, three or six months thereafter, as selected by the Borrower in its
Borrowing Request or Interest Election Request, as the case may be, given with respect thereto; and (b) thereafter, each period
commencing on the last day of the next preceding Interest Period applicable to such Eurodollar Loan and ending one, two, three
or six months thereafter, as selected by the Borrower by irrevocable notice in an Interest Election Request submitted to the Administrative
Agent not later than 12:00 Noon, New York City time, on the date that is three Business Days prior to the last day of the then
current Interest Period with respect thereto; provided that, all of the foregoing provisions relating to Interest Periods
are subject to the following:

 

(i)            if
any Interest Period would otherwise end on a day that is not a Business Day, such Interest Period shall be extended to the next
succeeding Business Day unless the result of such extension would be to carry such Interest Period into another calendar month
in which event such Interest Period shall end on the immediately preceding Business Day;

 

(ii)           the
Borrower may not select an Interest Period under a particular Facility that would extend beyond the date final payment is due on
the relevant Term Loans; and

 

(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 the last calendar month of
such Interest Period.

 

    28

     

    

 

“Interpolated
Rate” means, at any time, for any Interest Period, the rate per annum (rounded to the same number of decimal places
as the LIBO Screen Rate) determined by the Administrative Agent (which determination shall be conclusive and binding absent manifest
error) to be equal to the rate that results from interpolating on a linear basis between: (a) the LIBO Screen Rate for the
longest period for which the LIBO Screen Rate is available that is shorter than the Impacted Interest Period; and (b) the
LIBO Screen Rate for the shortest period for which that LIBO Screen Rate is available that exceeds the Impacted Interest Period,
in each case, as of 11:00 a.m., London time, two Business Days prior to the commencement of the applicable Interest Period; provided
that if the Interpolated Rate as so determined would be less than zero, such rate shall be deemed to be zero for the purposes
of calculating such rate. When determining the rate for a period which is less than the shortest period for which the LIBO Screen
Rate is available, the LIBO Screen Rate for purposes of clause (a) above shall be deemed to be the overnight rate for Dollars
determined by the Administrative Agent from such service as the Administrative Agent may select in its reasonable discretion.

 

“Investments”
has the meaning set forth in Section 7.7.

 

“IRS”
means the United States Internal Revenue Service.

 

“ISDA Definitions”
means the 2006 ISDA Definitions published by the International Swaps and Derivatives Association, Inc. or any successor thereto,
as amended or supplemented from time to time, or any successor definitional booklet for interest rate derivatives published from
time to time by the International Swaps and Derivatives Association, Inc. or such successor thereto.

 

“Joint Venture”
means a joint venture, partnership or other similar arrangement entered into by the Borrower or any Restricted Subsidiary, whether
in corporate, partnership or other legal form; provided that in no event shall any Subsidiary be considered to be a Joint
Venture.

 

“Junior Secured
Indebtedness” means Term Loan Refinancing Indebtedness and Incremental Equivalent Debt (and any Permitted Refinancing
Indebtedness in respect of the foregoing), in each case that is secured by a Lien on the Collateral that is junior to the Lien
on Collateral securing the Initial Term Loans.

 

“Latest Maturity
Date” means at any date of determination, the latest scheduled maturity date applicable to any Loan hereunder at such
time, including in respect of any Incremental Term Facility.

 

“LCT Election”
has the meaning set forth in Section 1.6.

 

“LCT Test Date”
has the meaning set forth in Section 1.6.

 

“Lender-Related
Person” has the meaning set forth in Section 10.5.

 

“Lenders”
means the Persons listed on Schedule 1.1 and any other Person that shall have become a party hereto pursuant to an Assignment and
Assumption or otherwise, other than any such Person that ceases to be a party hereto pursuant to an Assignment and Assumption or
otherwise.

 

“Liabilities”
means any losses, obligations, claims (including intraparty claims), damages, demands, penalties, judgments, suits, costs, expenses,
disbursements or liabilities of any kind.

 

“LIBO Rate”
means, with respect to any Eurodollar Borrowing for any Interest Period, the LIBO Screen Rate at approximately 11:00 a.m., London
time, two Business Days prior to the commencement of such Interest Period; provided that if the LIBO Screen Rate shall
not be available at such time for such Interest Period (an “Impacted Interest Period”) then the LIBO Rate shall
be the Interpolated Rate.

 

    29

     

    

 

“LIBO Screen
Rate” means, for any day and time, with respect to any Eurodollar Borrowing for any Interest Period, the London interbank
offered rate as administered by ICE Benchmark Administration (or any other Person that takes over the administration of such rate)
for Dollars for a period equal in length to such Interest Period as displayed on such day and time on pages LIBOR01 or LIBOR02
of the Reuters screen that displays such rate (or, in the event such rate does not appear on a Reuters page or screen, on
any successor or substitute page on such screen that displays such rate, or on the appropriate page of such other information
service that publishes such rate from time to time as selected by the Administrative Agent in its reasonable discretion); provided
that if the LIBO Screen Rate as so determined would be less than 0.75%, such rate shall be deemed to be 0.75% for the purposes
of this Agreement.

 

“Lien”
means any mortgage, pledge, hypothecation, assignment, deposit arrangement, encumbrance, lien (statutory or other), charge or other
security interest or any preference, priority or other security agreement or preferential arrangement of any kind or nature whatsoever
(including any conditional sale or other title retention agreement and any finance lease having substantially the same economic
effect as any of the foregoing); provided that a “Lien” as defined herein shall not include any license, sublicense
or similar right with respect to Intellectual Property.

 

“Limited Condition
Transaction” means any Investment that the Borrower or a Restricted Subsidiary is contractually committed to consummate
(it being understood that such commitment may be subject to conditions precedent, which conditions precedent may be amended, satisfied
or waived in accordance with the applicable agreement) and whose consummation is not conditioned on the availability of, or on
obtaining, third party financing (it being understood that a “marketing period” or similar concept is not a financing
condition).

 

“Loan”
means the loans made by the Lenders to the Borrower pursuant to this Agreement.

 

“Loan Documents”
means this Agreement, the Security Documents, the Intercreditor Agreements, the Notes and any amendment, restatement, amendment
and restatement, waiver, supplement or other modification to or refinancing or replacement of any of the foregoing.

 

“Loan Modification
Agreement” means a Loan Modification Agreement, in form and substance reasonably satisfactory to the Administrative Agent
and the Borrower, among the Borrower, the Administrative Agent and one or more Accepting Lenders, effecting one or more Permitted
Amendments and such other amendments hereto and to the other Loan Documents as are contemplated by Section 2.26.

 

“Loan Modification
Offer” has the meaning set forth in Section 2.26(a).

 

“Loan Parties”
means the Borrower and the Subsidiary Guarantors.

 

“Majority Facility
Lenders” means with respect to any Facility, the holders of more than 50% of the aggregate unpaid principal amount of
the Term Loans outstanding under such Facility.

 

“Margin Stock”
means margin stock within the meaning of Regulations T, U and X, as applicable.

 

“Market Capitalization”
means an amount equal to (i) the total number of issued and outstanding shares of common stock of the Borrower on the date
of the declaration of a Restricted Payment multiplied by (ii) the arithmetic mean of the closing prices per share of such
common stock on the principal securities exchange on which such common stock is traded for the 20 consecutive trading days immediately
preceding the date of declaration of such Restricted Payment.

 

    30

     

    

 

“Material Acquisition”
means any acquisition of property or series of related acquisitions of property that (a) constitutes assets comprising all
or substantially all of an operating unit of a business or constitutes all or substantially all of the common stock of a Person
and (b) involves the payment of consideration by the Group Members in excess of $55,000,000.

 

“Material Adverse
Effect” means (a) on the Closing Date, a “Company Material Adverse Effect” (as defined in the Acquisition
Agreement as of Closing Date) and (b) after the Closing Date, a material adverse effect on (i) the business, property,
operations or financial condition, of the Borrower and its Restricted Subsidiaries, taken as a whole, (ii) the ability of
the Borrower and the other Loan Parties, taken as a whole, to perform their payment obligations under the Loan Documents to which
they are a party or (iii) the validity or enforceability of the Loan Documents or the rights and remedies of the Administrative
Agent under the Loan Documents, taken as a whole.

 

“Material Disposition”
means any Disposition of property or series of related Dispositions of property that yields gross proceeds to the Group Members
in excess of $55,000,000.

 

“Material Indebtedness”
means Indebtedness (other than the Loans) or Swap Obligations of any one or more of the Borrower and the Restricted Subsidiaries
in an aggregate principal amount of $75,000,000 or more; provided that any Indebtedness outstanding under the ABL Credit
Agreement shall be deemed to be Material Indebtedness. For purposes of determining Material Indebtedness, the “principal
amount” of any Swap Obligation at any time shall be the maximum aggregate amount (giving effect to any netting agreements)
that the Borrower and/or any applicable Restricted Subsidiary would be required to pay if the applicable Swap Agreement were terminated
at such time.

 

“Material Subsidiary”
means, as of any date of determination, each Restricted Subsidiary (a) with total assets (including the value of Capital Stock
of its subsidiaries) on such date of determination greater than 5.0% of Consolidated Total Assets, (b) whose contribution
to Consolidated EBITDA for the Applicable Reference Period exceeds 5% of Consolidated EBITDA for the Applicable Reference Period
or (c) that is designated as a “Material Subsidiary” pursuant to the definition of Immaterial Subsidiary.

 

“Materials of
Environmental Concern” means any gasoline or petroleum (including crude oil or any fraction thereof) or petroleum products,
asbestos, polychlorinated biphenyls, urea-formaldehyde insulation, radioactivity, and any other substances, materials or wastes,
that are regulated pursuant to or that could give rise to liability under any Environmental Law.

 

“Maturity Date”
means February 17, 2028.

 

“Mexico Operations”
means the operations in Mexico of the Borrower and its Subsidiaries.

 

“MFN Provision”
has the meaning set forth in Section 2.24(a).

 

“Minimum Extension
Condition” has the meaning set forth in Section 2.26(a).

 

“Moody’s”
means Moody’s Investors Service, Inc.

 

“Multiemployer
Plan” means a multiemployer plan as defined in Section 4001(a)(3) of ERISA to which any Group Member or any
ERISA Affiliate (i) makes or is obligated to make contributions, (ii) during the preceding five plan years, has made
or been obligated to make contributions or (iii) has any actual or contingent liability.

 

    31

     

    

 

“Multiple Employer
Plan” means a Plan which has two or more contributing sponsors (including any Group Member or any ERISA Affiliate) at
least two of whom are not under common control, as such a Plan is described in Section 4064 of ERISA.

 

“Net Cash Proceeds”
means (a) in connection with any Disposition or any Recovery Event, the proceeds thereof in the form of cash and Cash Equivalents
(including any such proceeds actually received by the Group Members by way of deferred payment of principal pursuant to a note
or installment receivable or purchase price adjustment receivable or otherwise, but only as and when received), net of attorneys’
fees, accountants’ fees, investment banking fees, auditor fees, printer fees, SEC filing fees, brokerage fees, amounts required
to be applied to the repayment of Indebtedness ((i) including repayments pursuant to the ABL Credit Agreement and (ii) other
than the Loans, any Pari Passu Secured Indebtedness or any Junior Secured Indebtedness) secured by a Lien expressly permitted hereunder
on any asset that is the subject of such Disposition or Recovery Event and other customary fees and expenses actually incurred
in connection therewith and net of taxes paid or reasonably estimated to be payable as a result thereof, including (in connection
with any Asset Sale by a Foreign Subsidiary or Recovery Event relating to any asset of a Foreign Subsidiary) any taxes paid or
reasonably estimated to be payable as a result of the repatriation of such proceeds to the Borrower, any reserve established in
accordance with GAAP (provided that upon release of any such reserve, the amount released shall be considered Net Cash Proceeds)
and any payment amount required to be paid by law, rule or regulation upon receipt to a third party related to the transaction
(including to labor unions, work councils and environmental trusts), in each case as determined by the Borrower in good faith,
and (b) in connection with any issuance or sale of Capital Stock or any incurrence of Indebtedness, the cash proceeds received
from such issuance or incurrence, net of attorneys’ fees, investment banking fees, auditor fees, printer fees, SEC filing
fees, brokerage fees, accountants’ fees, underwriting discounts and commissions and other customary fees and expenses actually
incurred in connection therewith.

 

“New Lender”
has the meaning set forth in Section 2.24(b).

 

“New Lender
Supplement” has the meaning set forth in Section 2.24(b).

 

“Non-U.S. Lender”
means a Lender that is not a U.S. Person.

 

“Not Otherwise
Applied” means in respect of any amount, such amount has not previously been (and is not currently being) applied to
any other use or transaction.

 

“Notes”
means the collective reference to any promissory note evidencing Loans.

 

“NYFRB”
means the Federal Reserve Bank of New York.

 

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

 

“NYFRB Rate”
means, for any day, the greater of (a) the Federal Funds Effective Rate in effect on such day and (b) the Overnight
Bank Funding Rate in effect on such day (or for any day that is not a Business Day, for the immediately preceding Business Day);
provided that if none of such rates are published for any day that is a Business Day, the term “NYFRB Rate”
means the rate for a federal funds transaction quoted at 11:00 a.m. on such day received by the Administrative Agent from
a federal funds broker of recognized standing selected by it; provided, further, that if any of the aforesaid rates as
so determined be less than zero, such rate shall be deemed to be zero for purposes of this Agreement.

 

    32

     

    

 

“Obligations”
means the unpaid principal of and interest on (including interest accruing after the maturity of the Loans and interest accruing
after the filing of any petition in bankruptcy, or the commencement of any insolvency, reorganization or like proceeding, relating
to the Borrower, whether or not a claim for post-filing or post-petition interest is allowed in such proceeding) the Loans and
all other obligations and liabilities of the Borrower to the Administrative Agent or to any Lender, whether direct or indirect,
absolute or contingent, due or to become due, or now existing or hereafter incurred, which arise under, out of, or in connection
with, this Agreement, any other Loan Document or any other document made, delivered or given in connection herewith or therewith,
whether on account of principal, interest, reimbursement obligations, fees, indemnities, costs, expenses (including all fees, charges
and disbursements of counsel to the Administrative Agent or to any Lender that are required to be paid by the Borrower pursuant
hereto) or otherwise.

 

“Organizational
Documents”  means (a) with respect to any corporation, the certificate or articles of incorporation and the
bylaws (or equivalent or comparable constitutive documents with respect to any non-U.S. jurisdiction), (b) with respect to
any limited liability company, the certificate or articles of formation or organization and operating agreement, and (c) with
respect to any partnership, joint venture, trust or other form of business entity, the partnership, joint venture or other applicable
agreement of formation or organization and, if applicable, any agreement, instrument, filing or notice with respect thereto filed
in connection with its formation or organization with the applicable Governmental Authority in the jurisdiction of its formation
or organization and, if applicable, any certificate or articles of formation or organization of such entity.

 

“Other Connection
Taxes” means with respect to any Credit Party, Taxes imposed as a result of a present or former connection between such
Credit Party and the jurisdiction imposing such Tax (other than connections arising from such Credit Party having executed, delivered,
become a party to, performed its obligations under, received payments under, received or perfected a security interest under, engaged
in any other transaction pursuant to, or enforced, any Loan Document, or sold or assigned an interest in any Loan or Loan Document).

 

“Other Debt
Declined Amount” has the meaning set forth in Section 2.11(b).

 

“Other Taxes”
means all present or future stamp, court, or documentary, intangible, recording, filing or similar Taxes that arise from any payment
made under, from the execution, delivery, performance, enforcement or registration of, from the receipt or perfection of a security
interest under, or otherwise with respect to, any Loan Document, except any such Taxes that are Other Connection Taxes imposed
with respect to an assignment (other than an assignment made pursuant to Section 2.22).

 

“Overnight Bank
Funding Rate” means, for any day, the rate comprised of both overnight federal funds and overnight Eurodollar borrowings
by U.S.-managed banking offices of depository institutions, as such composite rate shall be determined by the NYFRB as set forth
on its public website from time to time, and published on the next succeeding Business Day by the NYFRB as an overnight bank funding
rate.

 

“Pari Passu
Secured Indebtedness” means Term Loan Refinancing Indebtedness and Incremental Equivalent Debt (and any Permitted Refinancing
Indebtedness in respect of the foregoing), in each case that is secured by Liens on the Collateral that are pari passu to
the Liens on Collateral securing the Initial Term Loans.

 

    33

     

    

 

“Participant”
has the meaning set forth in Section 10.6(c).

 

“Participant
Register” has the meaning set forth in Section 10.6(c).

 

“Patriot Act”
has the meaning set forth in Section 10.17.

 

“PBGC”
means the Pension Benefit Guaranty Corporation established under Section 4002 of ERISA and any successor entity performing
similar functions.

 

“Pension Plan”
means any employee benefit plan (including a Multiple Employer Plan, but not including a Multiemployer Plan) that is subject to
Title IV of ERISA, Section 412 of the Code or Section 302 of ERISA (i) which is or was sponsored, maintained or
contributed to by, or required to be contributed to by, any Group Member or any ERISA Affiliate or (ii) with respect to which
any Group Member or any ERISA Affiliate has any actual or contingent liability.

 

“Permitted Acquisition”
means the purchase or other acquisition (including by merger, consolidation or amalgamation) by the Borrower or any Restricted
Subsidiary of all or a majority of the Capital Stock of, or all or substantially all of the property of, any Person, or of any
business or division of any Person or any Investment by a Group Member in a Restricted Subsidiary that serves to increase the Capital
Stock ownership of such Group Member in such Restricted Subsidiary; provided that with respect to each purchase or other
acquisition (i) after giving effect thereto, the Borrower and its Restricted Subsidiaries are in compliance with Section 7.15,
(ii) immediately before and immediately after giving effect on a pro forma basis to any such purchase or other acquisition,
no Event of Default shall have occurred and be continuing and (iii) any such newly created or acquired Subsidiary shall, to
the extent required by Section 6.10, comply with the requirements of Section 6.10.

 

“Permitted Amendment”
means an amendment to this Agreement and/or the other Loan Documents, effected in connection with a Loan Modification Offer pursuant
to Section 2.26, providing for an extension of the scheduled maturity date and/or amortization applicable to the Loans of
the Accepting Lenders of a relevant Facility and, in connection therewith, which may also provide for (a)(i) a change in the
Applicable Margin with respect to the Loans of the Accepting Lenders subject to such Permitted Amendment and/or (ii) a change
in the fees payable to, or the inclusion of new fees to be payable to, the Accepting Lenders in respect of such Loans, (b) changes
to any prepayment premiums with respect to the applicable Loans of a relevant Facility, (c) such amendments to this Agreement
and the other Loan Documents as shall be appropriate, in the reasonable judgment of the Administrative Agent, to provide the rights
and benefits of this Agreement and other Loan Documents to each new Facility of Loans and/or commitments resulting therefrom and
(d) additional amendments to the terms of this Agreement and/or the other Loan Documents applicable to the applicable Loans
of the Accepting Lenders that are less favorable to such Accepting Lenders than the terms of this Agreement and/or the other Loan
Documents, as applicable, prior to giving effect to such Permitted Amendments and that are reasonably acceptable to the Administrative
Agent.

 

    34

     

    

 

“Permitted
Refinancing Indebtedness” means with respect to any Indebtedness of any Person (the “Original Indebtedness”),
any modification, refinancing, refunding, replacement, renewal or extension of such Indebtedness, in whole or in part; provided,
that (i) no Person that is not an obligor with respect to the Original Indebtedness shall be an obligor with respect to such
Permitted Refinancing Indebtedness, (ii) the final maturity and weighted average life to maturity of such Indebtedness shall
not be shortened as a result of such modification, refinancing, refunding, replacement, renewal or extension, (iii) in the
case of any modification, refinancing, refunding, replacement, renewal or extension of Indebtedness incurred pursuant to Section 7.2(a),
(b) or (bb), the mandatory prepayment and redemption terms, covenants and events of default of such Indebtedness are either
(x) not materially more favorable (taken as a whole, as conclusively determined by the Borrower in good faith) to the lenders
providing such Indebtedness than those terms (taken as a whole) applicable to the Original Indebtedness (except to the extent
such terms apply solely to any period after the Latest Maturity Date or are applied for the benefit of the Term Loans then outstanding)
or (y) reflect market terms and conditions at the time of incurrence or issuance, as conclusively determined by the Borrower
in good faith, (iv) (x) in the case of any Original Indebtedness consisting of a revolving credit facility, the committed
amount does not exceed the committed amount in respect of the Original Indebtedness and (y) in each case (including in respect
of a revolving credit facility), the principal amount (or accreted value, if applicable) thereof does not exceed the principal
amount (or accreted value, if applicable) of the Original Indebtedness, except in each case by an amount (such amount, the “Additional
Permitted Amount”) equal to unpaid accrued interest, fees, and premium (including make-whole premiums, prepayment premiums
and amounts required to be paid in connection with defeasance and satisfaction and discharge) thereon at such time plus reasonable
fees and expenses incurred in connection with such modification, refinancing, refunding, replacement, renewal or extension (including
upfront fees and original issue discount), (v) for the avoidance of doubt, the Original Indebtedness is paid down (or, with
respect to revolving credit facilities, commitments in respect thereof are reduced (together with, if applicable, payments of
principal)) on a Dollar-for-Dollar basis by such Permitted Refinancing Indebtedness (other than by the Additional Permitted Amount),
(vi) if the Original Indebtedness shall have been subordinated to the Obligations, such Permitted Refinancing Indebtedness
shall also be subordinated to the Obligations on terms not less favorable in any material respect (taken as a whole) to the Lenders
and (vii) such Permitted Refinancing Indebtedness shall not be secured by any Lien on any asset other than the assets that
secured such Original Indebtedness (or would have been required to secure such Original Indebtedness pursuant to the terms thereof)
or, in the event Liens securing such Original Indebtedness shall have been contractually subordinated to any Lien securing the
Obligations, by any Lien that shall not have been contractually subordinated to at least the same extent.

 

“Permitted Unsecured
Indebtedness” means Indebtedness of the Borrower or any of its Subsidiaries (a) that is not (and any Guarantee Obligations
thereof by any Group Member are not) secured by any collateral (including the Collateral), (b) that does not mature earlier
than the date that is 91 days after the Latest Maturity Date then in effect at the time of incurrence thereof and has a weighted
average life to maturity no shorter than the Facility of Term Loans with the Latest Maturity Date in effect at the time of incurrence
of such Indebtedness, (c) that contains mandatory prepayment and redemption terms, covenants and events of default that are
either (x) customary for similar Indebtedness in light of then-prevailing market conditions (it being understood and agreed
that such Indebtedness shall include financial maintenance covenants only to the extent any such financial maintenance covenant
is (i) applicable only to periods after the Latest Maturity Date then in effect at the time of incurrence thereof or (ii) included
in or added to the Loan Documents for the benefit of the Lenders) or (y) when taken as a whole (other than interest rates,
rate floors, fees and optional prepayment or redemption terms), are not materially more favorable to the lenders or investors providing
such Permitted Unsecured Indebtedness, as the case may be, than those set forth in the Loan Documents are with respect to the Lenders
(other than covenants or other provisions applicable only to periods after the Latest Maturity Date then in effect at the time
of incurrence thereof or that are included in or added to the Loan Documents for the benefit of the Lenders), in the case of each
of clauses (x) and (y), as conclusively determined by the Borrower in good faith, and (e) that is not guaranteed by any
Person other than on an unsecured basis by Group Members.

 

“Person”
means an individual, partnership, corporation, limited liability company, business trust, joint stock company, trust, unincorporated
association, joint venture, Governmental Authority or other entity of whatever nature.

 

“Plan”
means any employee pension benefit plan (other than a Multiemployer Plan) subject to the provisions of Title IV of ERISA or Section 412
of the Code or Section 302 of ERISA, and in respect of which the Borrower or any ERISA Affiliate is (or, if such plan were
terminated, would under Section 4069 of ERISA be deemed to be) an “employer” as defined in Section 3(5) of
ERISA.

 

    35

     

    

 

“Plan Asset
Regulations” means 29 CFR § 2510.3-101 et seq., as modified by Section 3(42) of ERISA, as amended from time
to time.

 

“Planned Distributions”
has the meaning set forth in the definition of “Excess Cash Flow”.

 

“Planned Expenditures”
has the meaning set forth in the definition of “Excess Cash Flow”.

 

“Platform”
has the meaning set forth in Section 10.15.

 

“Prime Rate”
means the rate of interest last quoted by The Wall Street Journal as the “Prime Rate” in the U.S. or, if The Wall Street
Journal ceases to quote such rate, the highest per annum interest rate published by the Federal Reserve 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 Federal
Reserve 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.

 

“Pro Forma Basis”
means, with respect to the calculation of any test or covenant hereunder, such test or covenant being calculated after giving effect
to (a) any designation of a Restricted Subsidiary as an Unrestricted Subsidiary, (b) any designation of an Unrestricted
Subsidiary as a Restricted Subsidiary, (c) any Material Acquisition, (d) any Material Disposition, (e) any assumption,
incurrence, repayment or other Disposition of Indebtedness, (f) the granting or assumption of any Lien and (g) in connection
with the foregoing, the making of any Restricted Payment (all of the foregoing, “Applicable Transactions”) using,
for purposes of determining such compliance, the historical financial statements of all entities or assets so designated, acquired
or sold (to the extent available) and the consolidated financial statements of the Borrower and its Restricted Subsidiaries, which
shall be reformulated as if all Applicable Transactions during the Applicable Reference Period, or subsequent to the Applicable
Reference Period and on or prior to the date of such calculation, had been consummated at the beginning of such period (and shall
include, with respect to any Material Acquisition or Material Disposition, any adjustments calculated in accordance with (and subject
to the requirements and limitations of) clause (i) of the definition of “Consolidated EBITDA”); provided that
with respect to any assumption, incurrence, repayment or other Disposition of Indebtedness (i) if such Indebtedness has a
floating rate of interest, the interest expense on such Indebtedness will be calculated as if the rate in effect on the date of
calculation had been the applicable rate for the entire period (taking into account any Swap Obligations applicable to such Indebtedness
if such Swap Obligation has a remaining term as at the date of calculation in excess of 12 months), (ii) interest on Finance
Lease Obligations shall be deemed to accrue at an interest rate reasonably determined by the Borrower to be the rate of interest
implicit in such Finance Lease Obligation in accordance with GAAP, (iii) interest on any Indebtedness under a revolving credit
facility shall be based upon the average daily balance of such Indebtedness during the applicable period and (iv) interest
on Indebtedness that may be optionally determined at an interest rate based upon a factor of a prime or similar rate, a eurocurrency
interbank offered rate, or other rate, shall be deemed to have been based upon the rate actually chosen, or, if none, then based
upon such optional rate as the Borrower may designate.

 

“Pro Forma Financial
Statements” has the meaning set forth in Section 4.1(a).

 

“Prohibited
Transaction” has the meaning set forth in Section 406 of ERISA and Section 4975(c) of the Code.

 

    36

     

    

 

“Projections”
has the meaning set forth in Section 6.2(c).

 

“PTE”
means a prohibited transaction class exemption issued by the U.S. Department of Labor, as any such exemption may be amended from
time to time.

 

“Public-Sider”
means a Lender whose representatives may trade in securities of the Borrower or any of its Subsidiaries while in possession of
the financial statements provided by the Borrower under the terms of this Agreement.

 

“Purchasing
Borrower Party” means any of the Borrower or any Restricted Subsidiary.

 

“QFC”
has the meaning assigned to the term “qualified financial contract” in, and shall be interpreted in accordance with,
12 U.S.C. 5390(c)(8)(D).

 

“QFC Credit
Support” has the meaning set forth in Section 10.20.

 

“Qualified Capital
Stock” means Capital Stock of the Borrower other than Disqualified Capital Stock.

 

“Qualified Securitization
Transaction” means any Securitization Transaction of a Securitization Subsidiary that meets the following conditions:

 

(a)          the
Borrower shall have determined in good faith that such Securitization Transaction (including financing terms, covenants, termination
events and other provisions) is in the aggregate economically fair and reasonable to the Borrower and its Restricted Subsidiaries;

 

(b)            all
sales of Securitization Assets to the Securitization Subsidiary are made at fair market value (as determined in good faith by the
Borrower); and

 

(c)            the
financing terms, covenants, termination events and other provisions thereof shall be market terms (as determined in good faith
by the Borrower) and may include Standard Securitization Undertakings.

 

The grant of a security interest in any accounts
receivable of the Borrower or any of its Restricted Subsidiaries (other than a Securitization Subsidiary) to secure any Indebtedness
shall not be deemed a Qualified Securitization Transaction.

 

“Recovery Event”
means any settlement of or payment in respect of any property or casualty insurance claim or any condemnation proceeding relating
to any asset of any Group Member (other than assets that constitute ABL Priority Collateral) that yields gross cash proceeds to
any Group Member in excess of $15,000,000.

 

“Reference Period”
means each period of four consecutive fiscal quarters of the Borrower.

 

“Reference Time”
with respect to any setting of the then-current Benchmark means (1) if such Benchmark is the LIBO Rate, 11:00 a.m. (London
time) on the day that is two London banking days preceding the date of such setting, and (2) if such Benchmark is not the
LIBO Rate, the time determined by the Administrative Agent in its reasonable discretion.

 

“Refinancing
Facility Agreement” means an amendment to this Agreement, in form and substance reasonably satisfactory to the Administrative
Agent and the Borrower, among the Borrower and, if applicable, the Administrative Agent and one or more Refinancing Term Lenders,
establishing Refinancing Term Loan Commitments and Refinancing Term Loans and effecting such other amendments hereto and to the
other Loan Documents as are contemplated by Section 2.27.

 

    37

     

    

 

“Refinancing
Term Lender” has the meaning set forth in Section 2.27(a).

 

“Refinancing
Term Loan Commitments” has the meaning set forth in Section 2.27(a).

 

“Refinancing
Term Loans” has the meaning set forth in Section 2.27(a).

 

“Register”
has the meaning set forth in Section 10.6(b)(iv).

 

“Regulation
D” means Regulation D of the Federal Reserve Board, as in effect from time to time and all official rulings and interpretations
thereunder or thereof.

 

“Regulation
T” means Regulation T of the Federal Reserve Board, as in effect from time to time and all official rulings and interpretations
thereunder or thereof.

 

“Regulation
U” means Regulation U of the Board, as in effect from time to time and all official rulings and interpretations thereunder
or thereof.

 

“Regulation
X” means Regulation X of the Federal Reserve Board, as in effect from time to time and all official rulings and
interpretations thereunder or thereof.

 

“Reinvestment
Deferred Amount” means with respect to any Reinvestment Event, the aggregate Net Cash Proceeds received by any Group
Member in connection therewith that are not applied to prepay the Term Loans pursuant to Section 2.11(b) as a result
of the delivery of a Reinvestment Notice.

 

“Reinvestment
Event” means any Asset Sale or Recovery Event in respect of which the Borrower has delivered a Reinvestment Notice.

 

“Reinvestment
Notice” means a written notice executed by a Responsible Officer stating that the Borrower (directly or indirectly through
a Restricted Subsidiary) intends and expects to use all or a specified portion of the Net Cash Proceeds of an Asset Sale or Recovery
Event to acquire (including purchases of companies or divisions or lines of business, Permitted Acquisitions and other permitted
Investments and purchases of inventory), maintain, develop, construct, improve, upgrade or repair assets useful in its or its Restricted
Subsidiaries’ business.

 

“Reinvestment
Prepayment Amount” means with respect to any Reinvestment Event, the Reinvestment Deferred Amount relating thereto less
any amount expended prior to the relevant Reinvestment Prepayment Date to acquire (including purchases of companies or divisions
or lines of business, Permitted Acquisitions and other permitted Investments and purchases of inventory), maintain, develop, construct,
improve, upgrade or repair assets useful in the Borrower’s or its Restricted Subsidiaries’ business.

 

“Reinvestment
Prepayment Date” means with respect to any Reinvestment Event, the earlier of (a) the date occurring 18 months after
such Reinvestment Event (or if the Borrower or the relevant Restricted Subsidiary, as applicable, has contractually committed within
18 months after such Reinvestment Event to reinvest such Reinvestment Deferred Amount, the date occurring 24 months after such
Reinvestment Event) and (b) the date on which the Borrower shall have determined not to, or shall have otherwise ceased to,
acquire, maintain, develop, construct, improve, upgrade or repair assets useful in the Borrower’s or its Restricted Subsidiaries’
business with all or any portion of the relevant Reinvestment Deferred Amount.

 

    38

     

    

 

“Related Parties”
with respect to any specified Person, such Person’s Affiliates and the respective directors, officers, employees, agents
and advisors of such Person and such Person’s Affiliates.

 

“Relevant Governmental
Body” means the Federal Reserve Board or the NYFRB, or a committee officially endorsed or convened by the Federal Reserve
Board or the NYFRB, or any successor thereto.

 

“Repricing Transaction”
means (a) any prepayment of Initial Term Loans with the proceeds of a substantially concurrent incurrence of Indebtedness
by any Group Member (other than any such incurrence in connection with a Transformative Acquisition or a Change of Control) the
primary purpose of which results in the all-in yield, on the date of such prepayment, being lower than the all-in yield on the
Initial Term Loans (with the all-in yield calculated by the Administrative Agent in accordance with standard market practice, taking
into account, in each case, any interest rate floors, 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 the Initial Term Loans and
such Indebtedness with the original issue discount and upfront fees being equated to interest rate assuming a four-year life to
maturity of 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)) and (b) any amendment, amendment and restatement or other modification to this Agreement
that reduces the all-in yield (calculated as set forth in clause (a) above) of the Initial Term Loans (other than any such
amendment, amendment and restatement or other modification effected in connection with a Transformative Acquisition or a Change
of Control).

 

“Repurchase
Obligation” means any obligation of a seller of Securitization Assets in a Qualified Securitization Transaction to repurchase
such Securitization Assets arising as a result of a breach of a representation, warranty or covenant or otherwise, including as
a result of a receivable or portion thereof becoming subject to any asserted defense, dispute, off-set or counterclaim of any kind
as a result of any action taken by, any failure to take action by or any other event relating to the seller.

 

“Required Lenders”
means at any time, the holders of more than 50% of the aggregate unpaid principal amount of the Term Loans then outstanding.

 

“Requirement
of Law” means as to any Person, the Certificate of Incorporation and By-Laws or other organizational or governing documents
of such Person, and any law, 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 property or to which such Person or any of its
property is subject.

 

“Resolution
Authority” means, with respect to any EEA Financial Institution, an EEA Resolution Authority or, with respect to any
UK Financial Institution, a UK Resolution Authority.

 

“Responsible
Officer” means the chief executive officer, president, chief financial officer, senior vice president, finance, or treasurer
of the Borrower, but in any event, with respect to financial matters, the chief financial officer or senior vice president, finance,
of the Borrower.

 

“Restricted
Debt Payment” has the meaning set forth in Section 7.8(a).

 

“Restricted
Indebtedness” means any Subordinated Indebtedness, any Unsecured Notes and any Permitted Refinancing Indebtedness in
respect of any Unsecured Notes.

 

    39

     

    

 

“Restricted
Payments” has the meaning set forth in Section 7.6.

 

“Restricted
Subsidiary” means any Subsidiary of the Borrower other than an Unrestricted Subsidiary.

 

“Retained Excess
Cash Flow” means, at any date of determination, an amount, equal to the aggregate cumulative sum of the Retained Percentage
of Excess Cash Flow for the Excess Cash Flow Periods ended on or prior to such date.

 

“Retained Percentage”
means, with respect to any Excess Cash Flow Period, (a) 100% minus (b) the ECF Percentage with respect to such Excess
Cash Flow Period.

 

“S&P”
means Standard & Poor’s Rating Services, a Standard & Poor’s Financial Services LLC business.

 

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

 

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

 

“Sanctions”
means all comprehensive economic or financial sanctions or trade embargoes imposed, administered or enforced from time to time
by (a) the U.S. government, including those administered by the Office of Foreign Assets Control of the U.S. Department of
the Treasury or the U.S. Department of State, or (b) the United Nations Security Council, the European Union, any European
Union member state, Her Majesty’s Treasury of the United Kingdom or other relevant sanctions authority, in each case, having
jurisdiction over any Group Member.

 

“SEC”
means the Securities and Exchange Commission, any successor thereto and any analogous Governmental Authority.

 

“Secured Parties”
has the meaning set forth in the Guarantee and Collateral Agreement.

 

“Securitization
Assets” means accounts receivables, lease receivables or other payment obligations owing to the Borrower or such Restricted
Subsidiary or any interest in any of the foregoing, together in each case with any collections and other proceeds thereof, any
collection or deposit account related thereto, and any collateral, guarantees or other property or claims in each case supporting
or securing payment by the obligor thereon of, or otherwise related to, or subject to leases giving rise to, any such receivables.

 

“Securitization
Fee” means distributions or payments made directly or by means of discounts with respect to any accounts receivable,
lease receivable or other right to payment or 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 Qualified Securitization Transaction.

 

    40

     

    

 

“Securitization
Subsidiary” means a trust, bankruptcy remote entity or other special purpose entity which is a wholly owned Restricted
Subsidiary of the Borrower (or another Person formed for the purposes of engaging in Qualified Securitization Transactions with
the Borrower or any Subsidiary of the Borrower in which the Borrower or any Subsidiary of the Borrower makes an Investment and
to which the Borrower or any Subsidiary of the Borrower transfers Securitization Assets) and which is formed for the purpose of
and engages in no material business other than acting as an issuer or a depositor or borrower in a Securitization Transaction (and,
in connection therewith, owning Securitization Assets and pledging or transferring any of the foregoing or interests therein and
engaging in any business or activities incidental or related thereto), and:

 

(a)            no
portion of the Indebtedness or any other obligations (contingent or otherwise) of which (i) is guaranteed by the Borrower
or any other Restricted Subsidiary of the Borrower (excluding guarantees of obligations (other than the principal of and interest
on, Indebtedness) pursuant to Standard Securitization Undertakings), (ii) is recourse to or obligates the Borrower or
any other Restricted Subsidiary of the Borrower in any way other than pursuant to Standard Securitization Undertakings, or (iii) subjects
any property or asset of the Borrower or any other Restricted Subsidiary of the Borrower, directly or indirectly, contingently
or otherwise, to the satisfaction thereof, other than pursuant to Standard Securitization Undertakings;

 

(b)          with
which neither the Borrower nor any other Restricted Subsidiary of the Borrower has any material contract, agreement, arrangement
or understanding other than on terms which the Borrower reasonably believes to be no less favorable to the Borrower or such Restricted
Subsidiary than those that might be obtained at the time from Persons that are not Affiliates of the Borrower; and

 

(c)            to
which neither the Borrower nor any other Restricted Subsidiary of the Borrower has any obligation to maintain or preserve such
entity’s financial condition or cause such entity to achieve certain levels of operating results.

 

“Securitization
Transaction” means any transaction or series of transactions that may be entered into by the Borrower or any of its Restricted
Subsidiaries pursuant to which the Borrower or any of its Subsidiaries may sell, discount, assign, factor, convey, participate,
contribute to capital, grant a security interest in, pledge or otherwise transfer (including for purposes of facilitating a warehouse
facility relating to a Securitization Transaction) to (a) a Securitization Subsidiary (in the case of a transfer by the Borrower
or any of its Restricted Subsidiaries) or (b) any other Person (in the case of a transfer by a Securitization Subsidiary)
any Securitization Assets.

 

“Security Documents”
means the collective reference to the Guarantee and Collateral Agreement and all other security documents hereafter delivered to
the Administrative Agent granting a Lien on any property of any Person to secure the obligations and liabilities of any Loan Party
under any Loan Document.

 

“Series”
has the meaning set forth in Section 2.24(a).

 

“SOFR”
means, with respect to any Business Day, a rate per annum equal to the secured overnight financing rate for such Business Day published
by the SOFR Administrator on the SOFR Administrator’s Website at approximately 8:00 a.m. (New York City time) on the
immediately succeeding Business Day.

 

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

 

    41

     

    

 

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

 

“Solvent”
means, when used with respect to any Person, that, as of any date of determination, (a) the fair value of the assets of such
Person will exceed its debts and liabilities, subordinated, contingent or otherwise, (b) the present fair saleable value of
the assets of such Person will be greater than the amount that will be required to pay the probable liabilities on its debts and
other liabilities, subordinated, contingent or otherwise, as such debts and other liabilities become absolute and matured, (c) such
Person will be able to pay its debts and liabilities, subordinated, contingent or otherwise, as such debts and liabilities become
absolute and matured and (d) such Person is not engaged in, and is not about to engage in, business for which it has unreasonably
small capital. The amount of any contingent liability at any time shall be computed as the amount that would reasonably be expected
to become an actual and matured liability.

 

“Specified Acquisition
Agreement Representations” means, with respect to any acquisition contemplated by the Borrower or any Restricted Subsidiary,
the representations made by or on behalf of the proposed target of such acquisition in the documentation governing such acquisition
(the “Subject Acquisition Agreement”) that are material to the interests of the Lenders, but only to the extent
that the Borrower (or its affiliates) has the right (taking into account any applicable cure provisions) to terminate its (or such
affiliates’) obligations under the Subject Acquisition Agreement or decline to consummate the applicable acquisition as a
result of a breach of such representations and warranties in the Subject Acquisition Agreement.

 

“Specified Event
of Default” means an Event of Default under clauses (a) or (f) of Section 8.

 

“Specified Indebtedness”
means Indebtedness of the types described in clauses (a) and (c) of the definition of “Indebtedness”.

 

“Specified Representations”
means the representations and warranties of the Borrower and the Subsidiary Guarantors set forth in Sections 4.3(a), 4.4(a), 4.5
(solely with respect to no violation of Organizational Documents), 4.11, 4.14, 4.19 and 4.20 and the last sentence of Section 4.23.

 

“Standard Securitization
Undertakings” means representations, warranties, covenants, Repurchase Obligations, indemnities and guarantees of performance
entered into by any Group Member that are customary in an asset securitization financing, including those relating to the servicing
of the assets of a Securitization Subsidiary.

 

“Statutory Reserve
Rate” means a fraction (expressed as a decimal), the numerator of which is the number one and the denominator of which
is the number one minus the aggregate of the maximum reserve percentage (including any marginal, special, emergency or supplemental
reserves) expressed as a decimal established by the Federal Reserve Board to which the Administrative Agent is subject with respect
to the Adjusted LIBO Rate, for eurocurrency funding (currently referred to as “Eurocurrency liabilities” in Regulation
D). Such reserve percentage shall include those imposed pursuant to Regulation D. Eurodollar Loans shall be deemed to constitute
eurocurrency funding and to be subject to such reserve requirements without benefit of or credit for proration, exemptions or offsets
that may be available from time to time to any Lender under 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.

 

    42

     

    

 

“Subordinated
Indebtedness” means any Specified Indebtedness of any Group Member that is expressly subordinated in right of payment
to the Obligations; provided that, for the avoidance of doubt, Indebtedness under the ABL Credit Agreement shall not
be considered Subordinated Indebtedness.

 

“Subsidiary”
means as to any Person, a corporation, partnership, limited liability company or other entity 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 or other entity are at the time owned, or the management of which is otherwise controlled, directly or indirectly through
one or more intermediaries, or both, by such Person. Unless otherwise qualified, all references to a “Subsidiary” or
to “Subsidiaries” in this Agreement shall refer to a Subsidiary or Subsidiaries of the Borrower.

 

“Subsidiary
Guarantor” means (i) each Restricted Subsidiary of the Borrower that is a Domestic Subsidiary (other than any Excluded
Subsidiary) and (ii) each other Restricted Subsidiary that is an obligor under or guarantor in respect of the ABL Loans or
any Permitted Refinancing Indebtedness in respect thereof.

 

“Supported QFC”
has the meaning assigned to it in Section 10.20.

 

“Swap Agreement”
means any agreement with respect to any swap, forward, future or derivative transaction or option or similar agreement involving,
or settled by reference to, one or more rates, currencies, commodities, equity or debt instruments or securities, or economic,
financial or pricing indices or measures of economic, financial or pricing risk or value or any similar transaction or any combination
of these transactions; provided that no phantom stock or similar plan providing for payments only on account of services
provided by current or former directors, officers, employees or consultants of the Borrower or any of its Subsidiaries shall be
a “Swap Agreement”.

 

“Swap Obligation”
means, with respect to any Person, any obligation to pay or perform under any Swap Agreement.

 

“Syndication
Agent” means the Syndication Agent identified on the cover page of this Agreement.

 

“Target Debt
Repayment” means the repayment of, termination of all commitments under and the discharge and release of all security
and guarantees in respect of the following debt instruments of the Acquired Business: (a) the Credit Agreement, dated as of
April 27, 2018, entered into with Comvest Capital IV, L.P., Crystal Financial LLC and the lenders party thereto, (b) the
Third Amended and Restated Promissory Note, dated as of April 27, 2018, entered into with Aaron Allred and (c) the Amended
and Restated Promissory Note, dated as of April 27, 2018, entered into with Austin Allred and subsequently assigned to Aaron
Allred.

 

“Taxes”
means all present or future taxes, levies, imposts, duties, deductions, withholdings (including backup withholding), assessments,
fees or other charges imposed by any Governmental Authority, including any interest, additions to tax or penalties applicable thereto.

 

“Term Lenders”
means the collective reference to the Initial Term Lenders, the Incremental Term Lenders and the Refinancing Term Lenders.

 

“Term Loan Refinancing
Indebtedness” has the meaning set forth in Section 7.2(a).

 

    43

     

    

 

“Term Loans”
means the collective reference to the Initial Term Loans, the Incremental Term Loans and the Refinancing Term Loans.

 

“Term SOFR”
means, for the applicable Corresponding Tenor as of the applicable Reference Time, the forward-looking term rate based on SOFR
that has been selected or recommended by the Relevant Governmental Body.

 

“Term SOFR Notice”
means a notification by the Administrative Agent to the Lenders and the Borrower of the occurrence of a Term SOFR Transition Event.

 

“Term SOFR Transition
Event” means the determination by the Administrative Agent that (a) Term SOFR has been recommended for use by the
Relevant Governmental Body, (b) the administration of Term SOFR 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 2.16
that is not Term SOFR.

 

“Trade Date”
means with respect to any sale or assignment of rights by a Lender under this Agreement, the date on which such Lender entered
into a binding agreement to sell or assign all or a portion of its rights under this Agreement.

 

“Transaction
Costs” means fees, premiums, expenses, closing payments and other similar transaction costs (including upfront or similar
fees) payable or otherwise borne by the Borrower and/or its Subsidiaries in connection with the Transactions and the transactions
contemplated thereby.

 

“Transactions”
means collectively, (a) the consummation of the Acima Acquisition, (b) the execution, delivery and performance by the
Borrower and the other Loan Parties of this Agreement, the borrowing of Loans hereunder and the use of proceeds thereof, (c) the
execution, delivery and performance by the Borrower and the other Loan Parties of the ABL Loan Documents, the borrowing of ABL
Loans thereunder and the use of proceeds thereof, (d) (w) the issuance by Funding SPV of the Unsecured Notes, (x) the
merger of Funding SPV with and into the Borrower, (y) the execution and delivery by the Borrower and the other Loan Parties
of a supplemental indenture to the Unsecured Notes Indenture, pursuant to which the Borrower assumes the obligations of Funding
SPV as issuer thereunder and the other Loan Parties provide guarantees thereof and (z) the release from escrow of the proceeds
of the Unsecured Notes and the use of proceeds thereof, (e) the Debt Repayment and (f) the payment of the Transaction
Costs.

 

“Transferee”
means any Assignee or Participant.

 

“Transformative
Acquisition” means any acquisition by the Borrower or any Restricted Subsidiary of an unrelated third party that is either
(a) not permitted by the terms of the Loan Documents immediately prior to the consummation of such acquisition or (b) if
permitted by the terms of the Loan Documents immediately prior to the consummation of such acquisition, would not provide the Borrower
and its Restricted Subsidiaries with adequate flexibility under the Loan Documents for the continuation and/or expansion of their
combined operations following such consummation (as determined by the Borrower acting in good faith).

 

“Type” means, when used
in reference to any Loan or Borrowing, refers to whether the rate of interest on such Loan, or on the Loans comprising such Borrowing,
is determined by reference to the Adjusted LIBO Rate or the Alternate Base Rate.

 

“UK Financial
Institutions” means any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended form time to time)
promulgated by the United Kingdom Prudential Regulation Authority) or any person falling within IFPRU 11.6 of the FCA Handbook
(as amended from time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes certain credit institutions
and investment firms, and certain affiliates of such credit institutions or investment firms.

 

    44

     

    

 

“UK Resolution
Authority” means the Bank of England or any other public administrative authority having responsibility for the resolution
of any UK Financial Institution.

 

“Unadjusted
Benchmark Replacement” means the applicable Benchmark Replacement excluding the related Benchmark Replacement Adjustment.

 

“United States”
means the United States of America.

 

“Unrestricted
Cash” means unrestricted cash and Cash Equivalents owned by any Group Member (including the Insurance Subsidiary) and
not controlled by or subject to any Lien or other preferential arrangement in favor of any creditor (other than Liens created under
the Security Documents or the ABL Security Documents (or the comparable security documents governing any Permitted Refinancing
Indebtedness in respect of Indebtedness outstanding under the ABL Credit Agreement) and Liens of the type referred to in Section 7.3(u) or
Section 7.3(x)); provided that Unrestricted Cash shall only include cash and Cash Equivalents of the Insurance Subsidiary
to the extent in excess of any minimum cash amounts that the Insurance Subsidiary is required by law or regulation to maintain.

 

“Unrestricted
Subsidiary” means (a) any Subsidiary of the Borrower that is designated as an Unrestricted Subsidiary by the Borrower
pursuant to Section 6.11 subsequent to the Closing Date and (b) any Subsidiary of an Unrestricted Subsidiary.

 

“Unsecured Notes”
means the 6.375% senior unsecured notes issued and sold pursuant to the Unsecured Notes Indenture as the same may be amended, restated,
amended and restated, modified and/or supplemented from time to time in accordance with the terms hereof.

 

“Unsecured Notes
Documents” means collectively (a) the Unsecured Notes Indenture, (b) the Unsecured Notes and (c) any amendment,
restatement, amendment and restatement, waiver, supplement or other modification to any of the documents described in clauses (a) through
(b).

 

“Unsecured Notes
Indenture” means the Indenture, dated as of February 17, 2021, entered into by Funding SPV (to be merged with and
into the Borrower) and Truist Bank, as trustee, as the same may be amended, restated, amended and restated, modified and/or supplemented
from time to time in accordance with the terms hereof.

 

“U.S. Person”
means a “United States person” within the meaning of Section 7701(a)(30) of the Code.

 

“U.S. Special
Resolution Regime” has the meaning set forth in Section 10.20.

 

“U.S. Tax Compliance
Certificate” has the meaning set forth in Section 2.19(f)(ii)(B)(3).

 

“Voluntary Prepayment
Amount” means as of any date, an amount equal to (a) the sum of the aggregate principal amount of all optional prepayments
of Term Loans made after the Closing Date and prior to such date (excluding prepayments made with the proceeds of long-term Indebtedness)
less (b) the aggregate principal amount of Incremental Term Loans and Incremental Equivalent Debt established prior
to such date in reliance on the Voluntary Prepayment Amount; provided that (i) no prepayment of Term Loans secured
on a junior basis to the Initial Term Facility shall increase the Voluntary Prepayment Amount with respect to Indebtedness to be
secured on a pari passu basis with the Initial Term Facility and (ii) no prepayment of unsecured Term Loans shall increase
the Voluntary Prepayment Amount with respect to Indebtedness to be secured.

 

    45

     

    

 

“Wholly Owned
Subsidiary” means as to any Person, any other Person all of the Capital Stock of which (other than directors’ qualifying
shares required by law) is owned by such Person directly and/or through other Wholly Owned Subsidiaries.

 

“Withdrawal
Liability” means liability to a Multiemployer Plan as a result of a complete or partial withdrawal from such Multiemployer
Plan, as such terms are defined in Part I of Subtitle E of Title IV of ERISA.

 

“Write-Down
and Conversion Powers” means (a) with respect to any EEA Resolution Authority, the write-down and conversion powers
of such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down
and conversion powers are described in the EU Bail-In Legislation Schedule and (b) with respect to the United Kingdom, any
powers of the applicable Resolution Authority under the Bail-In Legislation to cancel, reduce, modify or change the form of a liability
of any UK Financial Institution or any contract or instrument under which that liability arises, to convert all or part of that
liability into shares, securities or obligations of that person or any other person, to provide that any such contract or instrument
is to have effect as if a right had been exercised under it or to suspend any obligation in respect of that liability or any of
the powers under that Bail-In Legislation that are related to or ancillary to any of those powers.

 

1.2           Classification
of Loans and Borrowings. For purposes of this Agreement, Loans may be classified and referred to by Type (e.g., a “Eurodollar
Loan”). Borrowings also may be classified and referred to by Type (e.g., a “Eurodollar Borrowing”).

 

1.3           Other
Definitional Provisions. (a)  Unless otherwise specified therein, all terms defined in this Agreement shall have the
defined meanings when used in the other Loan Documents or any certificate or other document made or delivered pursuant hereto
or thereto.

 

(b)            As
used herein and in the other Loan Documents, and any certificate or other document made or delivered pursuant hereto or thereto,
(i) accounting terms relating to any Group Member not defined in Section 1.1 and accounting terms partly defined in Section 1.1,
to the extent not defined, shall have the respective meanings given to them under GAAP (provided that all terms of an accounting
or financial nature used herein shall be construed, and all computations of amounts and ratios referred to herein shall be made,
without giving effect to (x) any election under Accounting Standards Codification 825-10-25 (previously referred to as Statement
of Financial Accounting Standards 159) (or any other Accounting Standards Codification or Financial Accounting Standard having
a similar result or effect) to value any Indebtedness or other liabilities of the Borrower or any Subsidiary at “fair value”,
as defined therein and (y) any treatment of Indebtedness in respect of convertible debt instruments under Accounting Standards
Codification 470-20 (or any other Accounting Standards Codification or Financial Accounting Standard having a similar result or
effect) to value any such Indebtedness in a reduced or bifurcated manner as described therein, and such Indebtedness shall at all
times be valued at the full stated principal amount thereof), (ii) the words “include”, “includes”
and “including” shall be deemed to be followed by the phrase “without limitation”, (iii) the word
 “incur” shall be construed to mean incur, create, issue, assume, become liable in respect of or suffer to exist (and
the words “incurred” and “incurrence” shall have correlative meanings), (iv) the words “asset”
and “property” shall be construed to have the same meaning and effect and to refer to any and all tangible and intangible
assets and properties, including cash, Capital Stock, securities, revenues, accounts, leasehold interests and contract rights,
(v) references to agreements or other Contractual Obligations shall, unless otherwise specified, be deemed to refer to such
agreements or Contractual Obligations as amended, supplemented, restated, amended and restated or otherwise modified from time
to time and (vi) the concept of “letters of credit” shall be construed to include banker’s acceptances.

 

    46

     

    

 

(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, Schedule and Exhibit references
are to this Agreement unless otherwise specified.

 

(d)          The
meanings given to terms defined herein shall be equally applicable to both the singular and plural forms of such terms.

 

(e)            Unless
otherwise defined herein or the context otherwise requires, terms for which meanings are provided in the UCC are used in this Agreement,
including its preamble and recitals, with such meanings.

 

1.4           Interest
Rate; LIBOR Notification. The interest rate on Eurodollar Loans is determined by reference to the LIBO Rate, which is derived
from the London interbank offered rate. The London interbank offered rate is intended to represent the rate at which contributing
banks may obtain short-term borrowings from each other in the London interbank market. In July 2017, the U.K. Financial Conduct
Authority announced that, after the end of 2021, it would no longer persuade or compel contributing banks to make rate submissions
to the ICE Benchmark Administration (together with any successor to the ICE Benchmark Administrator, the “IBA”)
for purposes of the IBA setting the London interbank offered rate. As a result, it is possible that commencing in 2022, the London
interbank offered rate may no longer be available or may no longer be deemed an appropriate reference rate upon which to determine
the interest rate on Eurodollar Loans. In light of this eventuality, public and private sector industry initiatives are currently
underway to identify new or alternative reference rates to be used in place of the London interbank offered rate. Upon the occurrence
of a Benchmark Transition Event, a Term SOFR Transition Event or an Early Opt-in Election, Section 2.16(b) and (c) provide
the mechanism for determining an alternative rate of interest. The Administrative Agent will promptly notify the Borrower, pursuant
to Section 2.16(e), of any change to the reference rate upon which the interest rate on Eurodollar Loans is based. However,
the Administrative Agent does not warrant or accept any responsibility for, and shall not have any liability with respect to,
the administration, submission or any other matter related to the London interbank offered rate or other rates in the definition
of “LIBO Rate” or with respect to any alternative or successor rate thereto, or replacement rate thereof (including
(i) any such alternative, successor or replacement rate implemented pursuant to Section 2.16(b) or (c), whether
upon the occurrence of a Benchmark Transition Event, a Term SOFR Transition Event or an Early Opt-in Election, and (ii) the
implementation of any Benchmark Replacement Conforming Changes pursuant to Section 2.16(d)), including whether the composition
or characteristics of any such alternative, successor or replacement reference rate will be similar to, or produce the same value
or economic equivalence of, the LIBO Rate or have the same volume or liquidity as did the London interbank offered rate prior
to its discontinuance or unavailability.

 

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

 

    47

     

    

 

1.6           Limited
Condition Transaction. Notwithstanding anything in this Agreement or any Loan Document to the contrary when (i) calculating
any applicable ratio or financial test or basket or exception in connection with the incurrence of Indebtedness, the creation
of Liens, the making of any Disposition, the making of an Investment, the making of a Restricted Payment, the designation of a
Subsidiary as restricted or unrestricted or the repayment of Indebtedness (each, a “Specified Transaction”),
(ii) determining the accuracy of any representation or warranty (other than in connection with an Incremental Limited Condition
Term Facility) or (iii) determining whether any Default or Event of Default has occurred, is continuing or would result from
any action (other than in connection with an Incremental Limited Condition Term Facility), in each case of clauses (i) through
(iii) in connection with a Limited Condition Transaction, the date of determination of such ratio or financial test or basket
or exception, the accuracy of such representation or warranty (but taking into account any earlier date specified therein) or
whether any Default or Event of Default has occurred, is continuing or would result therefrom shall, at the option of the Borrower
(the Borrower’s election to exercise such option in connection with any Limited Condition Acquisition, an “LCT
Election”), be deemed to be the date the definitive agreements for such Limited Condition Transaction are entered into
(the “LCT Test Date”). If on a Pro Forma Basis after giving effect to such Limited Condition Transaction and
the other transactions to be entered into in connection therewith (including any incurrence of Indebtedness, Liens, Restricted
Payments or other transactions and the use of proceeds thereof) such ratios, financial tests, baskets, exceptions, representations
and warranties and absence of defaults are calculated as if such Limited Condition Transaction or other transactions had occurred
at the beginning of the most recent Reference Period ending prior to the LCT Test Date for which financial statements are available,
the Borrower could have taken such action on the relevant LCT Test Date in compliance with the applicable ratios or other provisions,
such provisions shall be deemed to have been complied with. For the avoidance of doubt, (i) if any of such ratios, financial
tests, baskets, exceptions, representations and warranties or absence of defaults are exceeded or breached as a result of fluctuations
in such ratio or financial test (including due to fluctuations in Consolidated EBITDA), a change in facts or circumstances or
other provisions at or prior to the consummation of the relevant Limited Condition Transaction, such ratios, financial tests,
baskets, exceptions, representations and warranties and absence of defaults will not be deemed to have been exceeded, breached,
or otherwise failed as a result of such fluctuations or changed circumstances solely for purposes of determining whether the Limited
Condition Transaction and any related transactions is permitted hereunder and (ii) such ratios, financial tests, baskets,
exceptions and compliance with such conditions shall not be tested at the time of consummation of such Limited Condition Transaction
or related Specified Transactions. If the Company has made an LCT Election for any Limited Condition Transaction, then in connection
with any subsequent calculation of any ratio or financial test or basket or exception with respect to any subsequent acquisition
or Investment that the Borrower or a Restricted Subsidiary is contractually committed to consummate on or following the relevant
LCT Test Date and prior to the earlier of the date on which such Limited Condition Transaction is consummated or the date that
the definitive agreement for such Limited Condition Transaction is terminated or expires without consummation of such Limited
Condition Transaction, any such ratio or financial test or basket or exception shall be calculated on a Pro Forma Basis both (i) assuming
such Limited Condition Transaction and other transactions in connection therewith (including any incurrence of Indebtedness, Liens,
Restricted Payments or other transactions and the use of proceeds thereof) have been consummated and (ii) assuming such Limited
Condition Transaction and other transactions in connection therewith (including any incurrence of Indebtedness, Liens, Restricted
Payments or other transactions and the use of proceeds thereof) have not been consummated.

 

    48

     

    

 

1.7           Calculations.
Notwithstanding anything in this Agreement or any Loan Document to the contrary (i) the Borrower may rely on more than one
basket or exception hereunder (including both ratio-based and non-ratio based baskets and exceptions, and including partial reliance
on different baskets that, collectively, permit the entire proposed transaction) at the time of any proposed transaction, and
the Borrower may, in its sole discretion, at any later time divide, classify or reclassify such transaction (or any portion thereof)
in any manner that complies with the available baskets and exceptions hereunder at such later time (provided that with
respect to reclassification of Indebtedness and Liens, any such reclassification shall be subject to the parameters of Sections
7.2 and 7.3, as applicable), (ii) unless the Borrower elects otherwise, if the Borrower or its Restricted Subsidiaries in
connection with any transaction or series of such related transaction (A) incurs Indebtedness, creates Liens, makes Dispositions,
makes Investments, makes Restricted Payments, designates any Subsidiary as restricted or unrestricted or repays any Indebtedness
or takes any other action under or as permitted by a ratio-based basket or exception and (B) incurs Indebtedness, creates
Liens, makes Dispositions, makes Investments, makes Restricted Payments, designates any Subsidiary as restricted or unrestricted
or repays any Indebtedness or takes any other action under a non-ratio-based basket or exception (which shall occur within five
Business Days of the events in clause (A) above), then the applicable ratio will be calculated with respect to any such action
under the applicable ratio-based basket or exception without regard to any such action under such non-ratio-based basket or exception
made in connection with such transaction or series of related transactions; provided that the foregoing shall not apply
to any Indebtedness incurred pursuant to Section 7.2(b), (iii) if the Borrower or its Restricted Subsidiaries enters
into any revolving, delayed draw or other committed debt facility, the Borrower may elect to determine compliance of such debt
facility (including the incurrence of Indebtedness and Liens from time to time in connection therewith) with this Agreement and
each other Loan Document on the date commitments with respect thereto are first received, assuming the full amount of such facility
is incurred (and any applicable Liens are granted) on such date, in lieu of determining such compliance on any subsequent date
(including any date on which Indebtedness is incurred pursuant to such facility); provided that if such election is made
with respect to any delayed draw facility or other committed debt facility (other than a revolving facility), then in connection
with any subsequent calculation of any ratio or financial test or basket or exception with respect to any subsequent incurrence
of Indebtedness (including the incurrence of Liens in connection therewith) or Liens, such calculation shall be made assuming
the full amount of such delayed draw facility or committed debt facility, as applicable, has been incurred (and any applicable
Liens granted) on such date of incurrence for so long as any commitments remain outstanding thereunder, and (iv) if the Borrower
or any Restricted Subsidiary incurs Indebtedness under a ratio-based basket or exception, such ratio-based basket or exception
(together with any other ratio-based basket or exception utilized in connection therewith, including in respect of other Indebtedness,
Liens, Dispositions, Investments, Restricted Payments or Restricted Debt Payments) will be calculated excluding the cash
proceeds of such Indebtedness for netting purposes (i.e., such cash proceeds shall not reduce the Borrower’s Consolidated
Leverage Ratio, Consolidated Secured Leverage Ratio or Consolidated Senior Secured Leverage Ratio pursuant to clause (a)(ii) of
the definition of such terms), provided that the actual application of such proceeds may reduce Indebtedness for purposes of determining
compliance with any applicable ratio. For example, if the Borrower incurs Indebtedness under the Base Incremental Amount on the
same date that it incurs Indebtedness under clause (e) of the definition of “Available Incremental Amount”, then
the Consolidated Leverage Ratio and any other applicable ratio will be calculated with respect to such incurrence under clause
(e) of the definition of “Available Incremental Amount” without regard to any incurrence of Indebtedness under
the Base Incremental Amount. Unless the Borrower elects otherwise, each Incremental Term Facility (or Incremental Equivalent Debt)
shall be deemed incurred first under clauses (c), (d) or (e) of the definition of “Available Incremental Amount”,
as applicable, to the extent permitted (and calculated prior to giving effect to any substantially simultaneous incurrence of
any Indebtedness based on a basket or exception that is not based on a financial ratio, including the Base Incremental Amount
and the Voluntary Prepayment Amount), with any balance incurred under the Base Incremental Amount or the Voluntary Prepayment
Amount. For purposes of determining compliance with Section 2.24, in the event that any Incremental Term Facility or Incremental
Equivalent Debt (or any portion thereof) meets the criteria of any of the clauses of the definition of “Available Incremental
Amount”, the Borrower may, in its sole discretion, at the time of incurrence, divide, classify or reclassify, or at any
later time divide, classify or reclassify, such Indebtedness (or any portion thereof) in any manner that complies with Section 2.24
on the date of such classification or any such reclassification, as applicable.

 

    49

     

    

 

1.8           Discontinued
Operations. Notwithstanding anything to the contrary in this Agreement or any classification under GAAP of any Person, business,
assets or operations in respect of which a definitive agreement for the disposition thereof has been entered into as discontinued
operations, no pro forma effect shall be given to any discontinued operations (and the Consolidated EBITDA attributable to any
such Person, business, assets or operations shall not be excluded for any purposes hereunder) until such disposition shall have
been consummated.

 

1.9           Bridge
Loans and Escrow Indebtedness. For purposes of determining the maturity date of any Indebtedness, (a) customary bridge
loans that are subject to customary conditions (including no payment or bankruptcy event of default) that would either automatically
be extended as, converted into or required to be exchanged for permanent refinancing shall be deemed to have the maturity date
as so extended, converted or exchanged and (b) Indebtedness the proceeds of which are deposited into escrow pursuant to customary
escrow arrangements pending consummation of a specified acquisition or Investment shall be deemed to have the maturity date of
such Indebtedness upon consummation of the specified acquisition or Investment and release of such proceeds from escrow.

 

SECTION 2. AMOUNT
AND TERMS OF COMMITMENTS

 

2.1           Term
Loans. Subject to the terms and conditions hereof, each Term Lender severally agrees to make term loans denominated in Dollars
(the “Initial Term Loans”) on the Closing Date to the Borrower in an amount equal to the amount of its Initial
Term Commitment. The Term Loans may from time to time be Eurodollar Loans or ABR Loans, as determined by the Borrower and notified
to the Administrative Agent in accordance with Section 2.12.

 

2.2         Procedure
for Term Loan Borrowing. To borrow Initial Term Loans on the Closing Date, the Borrower shall give the Administrative Agent
irrevocable notice by submitting a Borrowing Request (which Borrowing Request must be received by the Administrative Agent prior
to 12:00 Noon, New York City time, (a) three Business Days prior to the requested Borrowing Date, in the case of Eurodollar
Loans; provided, that such notice may be received by the Administrative Agent prior to 12:00 Noon, New York City time one
Business Day prior to the Closing Date for a Eurodollar Borrowing to be made on the Closing Date, or (b) one Business Day
prior to the requested Borrowing Date, in the case of ABR Loans), specifying (i) the amount and Type of Initial Term Loans
to be borrowed, and (ii) in the case of Eurodollar Loans, the respective amounts of each such Type of Loan and the respective
lengths of the initial Interest Period therefor. Each borrowing under the Commitments shall be in an amount equal to (x) in
the case of ABR Loans, $1,000,000 or a whole multiple thereof and (y) in the case of Eurodollar Loans, $5,000,000, or a whole
multiple of $1,000,000 in excess thereof. Upon receipt of any Borrowing Request from the Borrower, the Administrative Agent shall
promptly notify each applicable Term Lender thereof. Each Lender will make the amount of its applicable Commitment available to
the Administrative Agent for the account of the Borrower at the applicable Funding Office prior to 10:30 a.m., New York City time,
on the Borrowing Date in respect of such Commitments requested by such Borrower in funds immediately available to the Administrative
Agent.

 

2.3           Repayment
of Term Loans. (a) The Borrower shall repay the Initial Term Loans on the last day of each March, June, September and
December, beginning with June 30, 2021 and ending with the last such day to occur prior to the Maturity Date, in an aggregate
principal amount for each such date (as such amount shall be adjusted pursuant to Section 2.17(b) hereof) equal to the
aggregate principal amount of the Initial Term Loans outstanding on the Closing Date multiplied by 0.25%.

 

(b)            The
Incremental Term Loans of each Incremental Term Lender shall mature in consecutive installments (which shall be no more frequent
than quarterly) as specified in the Incremental Term Loan Activation Notice pursuant to which such Incremental Term Loans were
made (as such amount shall be adjusted pursuant to Section 2.17(b)).

 

    50

     

    

 

(c)            To
the extent not previously paid (i) all Initial Term Loans shall be paid on the Maturity Date and (ii) all Incremental
Term Loans shall be paid on the Incremental Term Loan Maturity Date applicable thereto.

 

2.4           [Reserved].

 

2.5           [Reserved].

 

2.6           [Reserved].

 

2.7           [Reserved].

 

2.8           Fees, etc.
The Borrower agrees to pay to the Administrative Agent the fees in the amounts and on the dates as set forth in any fee agreements
with the Administrative Agent and to perform any other obligations contained therein.

 

2.9           [Reserved].

 

2.10         Optional
Prepayments. (a) The Borrower may at any time and from time to time prepay the Loans, in whole or in part, without premium
or penalty (subject to Section 2.10(b)), upon revocable notice (which may be conditioned as stated in such notice by the
Borrower) delivered to the Administrative Agent no later than 12:00 Noon, New York City time, three Business Days prior thereto,
in the case of Eurodollar Loans, and no later than 12:00 Noon, New York City time, one Business Day prior thereto, in the case
of ABR Loans, which notice shall specify the date and amount of prepayment and whether the prepayment is of Eurodollar Loans or
ABR Loans; provided, that if a Eurodollar Loan is prepaid on any day other than the last day of the Interest Period applicable
thereto, the Borrower shall also pay any amounts owing pursuant to Section 2.20. Upon receipt of any such notice the Administrative
Agent shall promptly notify each relevant Lender thereof. If any such notice is given, the amount specified in such notice shall
be due and payable on the date specified therein, together with accrued interest to such date on the amount prepaid. Partial prepayments
of Term Loans shall be in an aggregate principal amount of $1,000,000 or a whole multiple of $100,000 in excess thereof. All optional
prepayments of Term Loans in accordance with this Section 2.10 shall be applied as directed by the Borrower.

 

(b)            All
(i) prepayments of Initial Term Loans pursuant to Section 2.10(a) or Section 2.11(a) effected on or prior
to the six-month anniversary of the Closing Date with the proceeds of a Repricing Transaction and (ii) amendments, amendments
and restatements or other modifications of this Agreement on or prior to the six-month anniversary of the Closing Date constituting
Repricing Transactions shall, in each case, be accompanied by a fee payable to the Initial Term Lenders in an amount equal to 1.00%
of the aggregate principal amount of the Initial Term Loans so prepaid, in the case of a transaction described in clause (i) of
this paragraph, or 1.00% of the aggregate principal amount of Initial Term Loans affected by such amendment, amendment and restatement
or other modification (including any such Loans assigned in connection with the replacement of an Initial Term Lender not consenting
thereto), in the case of a transaction described in clause (ii) of this paragraph. Such fee shall be paid by the Borrower
to the Administrative Agent, for the account of the Lenders in respect of the Initial Term Loans, on the date of such prepayment.

 

    51

     

    

 

2.11         Mandatory
Prepayments and Commitment Reductions. (a)  If any Indebtedness shall be incurred by any Group Member (excluding any
Indebtedness permitted in accordance with Section 7.2 (other than Term Loan Refinancing Indebtedness)), an amount equal to
100% of the Net Cash Proceeds thereof shall be applied on the date of such incurrence toward the prepayment of the Term Loans
as set forth in Section 2.11(e); provided that prepayments pursuant to this Section 2.11(a) shall be accompanied
by any fees payable with respect thereto pursuant to Section 2.10(b).

 

(b)            If
on any date any Group Member shall receive Net Cash Proceeds from any Asset Sale or Recovery Event then, unless a Reinvestment
Notice shall be delivered in respect thereof, the Asset Sale Percentage of such Net Cash Proceeds shall be applied within 10 Business
Days after such date toward the prepayment of the Term Loans as set forth in Section 2.11(e); provided, that, notwithstanding
the foregoing, no such prepayment shall be required to the extent that the aggregate Net Cash Proceeds received from Asset Sales
or Recovery Events in any fiscal year is less than $50,000,000 (it being understood that only amounts in excess of such thresholds
shall be required to be applied to any prepayment); provided further that on each Reinvestment Prepayment Date, an amount
equal to the Reinvestment Prepayment Amount with respect to the relevant Reinvestment Event shall be applied toward the prepayment
of the Term Loans as set forth in Section 2.11(e); provided further that, notwithstanding the foregoing, such Net Cash
Proceeds may be applied towards the prepayment or purchase of Pari Passu Secured Indebtedness to the extent the documentation governing
such Indebtedness requires such a prepayment or purchase with Net Cash Proceeds from any Asset Sale or Recovery Event, in each
case in an amount not to exceed the product of (x) the amount of such Net Cash Proceeds and (y) a fraction, the numerator
of which is the outstanding principal amount of such other Indebtedness and the denominator of which is the aggregate outstanding
principal amount of Term Loans and all such other Indebtedness (provided that, in the event that the Borrower or applicable
Restricted Subsidiary makes an offer to the holders of such Pari Passu Secured Indebtedness to prepay or purchase such Pari Passu
Secured Indebtedness in an amount permitted under this Section 2.11(b), to the extent that such offer is declined by
holders of such Pari Passu Secured Indebtedness (the declined amount, the “Other Debt Declined Amount”), the
Borrower shall be required to prepay Term Loans in an amount equal to such Other Debt Declined Amount as if the Other Debt Declined
Amount were Net Cash Proceeds received on the final date by which such declining holders were required to give notice of their
Other Debt Declined Amount).

 

(c)            If,
for any Excess Cash Flow Period, there shall be Excess Cash Flow, the Borrower shall, on the relevant Excess Cash Flow Application
Date, apply toward the prepayment of the Term Loans as set forth in Section 2.11(e) the excess of (x) the ECF Percentage
of such Excess Cash Flow over (y) solely to the extent not funded with the proceeds of long-term Indebtedness or the proceeds
of any issuance of Capital Stock, the aggregate amount of (1) all optional prepayments of Term Loans made during such Excess
Cash Flow Period pursuant to Section 2.10, (2) all optional prepayments of Pari Passu Secured Indebtedness made during
such Excess Cash Flow Period, (3) all prepayments of ABL Loans during such Excess Cash Flow Period to the extent accompanied
by a permanent reduction of the ABL Commitments, and (4) all Loan purchases made during such Excess Cash Flow Period pursuant
to Section 2.25 and Section 10.6(e) (provided that the aggregate amount of any such purchase shall be the
amount of the Borrower’s cash payment in respect of such purchase). Each such prepayment shall be made on a date (an “Excess
Cash Flow Application Date”) no later than 10 Business Days after the earlier of (i) the date on which the financial
statements of the Borrower referred to in Section 6.1(a), for the Excess Cash Flow Period with respect to which such prepayment
is made, are required to be delivered to the Lenders and (ii) the date such financial statements are actually delivered.

 

(d)            On
or after the fifth anniversary of the Closing Date, the Borrower shall pay in cash all accrued interest and/or original issue discount
(as determined for U.S. federal income tax purposes) to the extent necessary so that the Initial Term Loans will not be classified
as “applicable high yield discount obligations” under Section 163(i) of the Code (or any successor provision).
It is the intent of the Borrower that payments on the Initial Term Loans made pursuant to this Section 2.11(d) be made
such that Section 163(e)(5) of the Code (or any successor provision) would not apply to the Initial Term Loans and the
provisions of this Agreement related to the Initial Term Loans shall be applied consistently therewith. The computations and determinations
made by the Borrower for purposes of this Section 2.11(d) shall be binding upon each Lender.

 

    52

     

    

 

(e)            Amounts
to be applied in connection with prepayments made pursuant to this Section 2.11 shall be applied to the prepayment of the
Term Loans in accordance with Section 2.17(b). The application of any prepayment pursuant to this Section 2.11 shall
be made first, to ABR Loans and, second, to Eurodollar Loans. Each prepayment of the Loans under this Section 2.11
shall be accompanied by accrued interest to the date of such prepayment on the amount prepaid.

 

(f)            With
respect to any prepayment pursuant to this Section 2.11 of Initial Term Loans and, unless otherwise specified in the applicable
Incremental Term Loan Activation Notice, other Term Loans, any Term Lender, at its option, may elect not to accept such prepayment.
The Borrower shall notify the Administrative Agent of any event giving rise to a prepayment under this Section 2.11 at least
three Business Days prior to the date of such prepayment. Each such notice shall specify the date of such prepayment and provide
a reasonably detailed calculation of the amount of such prepayment that is required to be made under this Section 2.11. Any
Lender may decline to accept all (but not less than all) of its share of any such prepayment (the “Declined Amount”)
by providing written notice to the Administrative Agent no later than two Business Days after the date of such Lender’s receipt
of notice from the Administrative Agent regarding such prepayment. If the Lender does not give a notice to the Administrative Agent
on or prior to such second Business Day informing the Administrative Agent that it declines to accept the applicable prepayment,
then such Lender will be deemed to have accepted such prepayment. Such Lender’s Declined Amount may be retained by the Borrower.

 

(g)            Notwithstanding
any other provisions of this Section 2.11, to the extent any or all of the Net Cash Proceeds of any Asset Sale by a Foreign
Subsidiary, the Net Cash Proceeds of any Recovery Event received by a Foreign Subsidiary or Excess Cash Flow attributable to Foreign
Subsidiaries, are prohibited or delayed by any applicable local law (including financial assistance, corporate benefit restrictions
on upstreaming of cash intra group and the fiduciary and statutory duties of the directors of such Foreign Subsidiary) from being
repatriated or passed on to or used for the benefit of the Borrower or any applicable Domestic Subsidiary or if the Borrower has
determined in good faith that repatriation of any such amount to the Borrower or any applicable Domestic Subsidiary would have
material adverse tax consequences (including a material acceleration of the point in time when such earnings would otherwise be
taxed) with respect to such amount, the portion of such Net Cash Proceeds or Excess Cash Flow so affected will not be required
to be applied to prepay the Term Loans at the times provided in this Section 2.11 but may be retained by the applicable Foreign
Subsidiary so long, but only so long, as the applicable local law will not permit repatriation or the passing on to or otherwise
using for the benefit of the Borrower or the applicable Domestic Subsidiary, or the Borrower believes in good faith that such material
adverse tax consequence would result, and once such repatriation of any of such affected Net Cash Proceeds or Excess Cash Flow
is permitted under the applicable local law or the Borrower determines in good faith such repatriation would no longer have such
material adverse tax consequences, such repatriation will be promptly effected and such repatriated Net Cash Proceeds or Excess
Cash Flow will be promptly (and in any event not later than five Business Days after such repatriation) applied (in the case of
Excess Cash Flow, net of additional taxes payable or reasonably estimated to be payable as a result thereof) to the prepayment
of the Term Loans pursuant to this Section 2.11 (provided that no such prepayment of the Term Loans pursuant to this
Section 2.11 shall be required in the case of any such Net Cash Proceeds or Excess Cash Flow the repatriation of which the
Borrower believes in good faith would result in material adverse tax consequences, if on or before the date on which such Net Cash
Proceeds so retained would otherwise have been required to be applied to reinvestments or prepayments pursuant to a Reinvestment
Notice (or such Excess Cash Flow would have been so required if it were Net Cash Proceeds), the Borrower applies an amount equal
to the amount of such Net Cash Proceeds or Excess Cash Flow to such reinvestments or prepayments as if such Net Cash Proceeds or
Excess Cash Flow had been received by the Borrower rather than such Foreign Subsidiary, less (in the case of Excess Cash Flow)
the amount of additional taxes that would have been payable or reserved against if such Excess Cash Flow had been repatriated (or,
if less, the Net Cash Proceeds or Excess Cash Flow that would be calculated if received by such Foreign Subsidiary).

 

    53

     

    

 

2.12         Conversion
and Continuation Options. (a)  The Borrower may elect from time to time to convert Eurodollar Loans to ABR Loans by giving
the Administrative Agent prior irrevocable notice of such election by submitting an Interest Election Request no later than 12:00
Noon, New York City time, on the Business Day preceding the proposed conversion date, provided that any such conversion
of Eurodollar Loans may only be made on the last day of an Interest Period with respect thereto. The Borrower may elect from time
to time to convert ABR Loans to Eurodollar Loans by giving the Administrative Agent prior irrevocable notice of such election
no later than 12:00 Noon, New York City time, on the third Business Day preceding the proposed conversion date (which Interest
Election Request shall specify the length of the initial Interest Period therefor), provided that no ABR Loan under a particular
Facility may be converted into a Eurodollar Loan when any Event of Default has occurred and is continuing and the Administrative
Agent or the Majority Facility Lenders in respect of such Facility have determined in its or their sole discretion not to permit
such conversions. Upon receipt of any such Interest Election Request the Administrative Agent shall promptly notify each relevant
Lender thereof.

 

(b)            Any
Eurodollar Loan may be continued as such upon the expiration of the then current Interest Period with respect thereto by the Borrower
giving irrevocable notice by submitting an Interest Election Request to the Administrative Agent, in accordance with the applicable
provisions of the term “Interest Period” set forth in Section 1.1, of the length of the next Interest Period to
be applicable to such Loans, provided that no Eurodollar Loan under a particular Facility may be continued as such (i) when
any Event of Default has occurred and is continuing and the Administrative Agent has or the Majority Facility Lenders in respect
of such Facility have determined in its or their sole discretion not to permit such continuations or (ii) if a Specified Event
of Default is in existence, and provided, further, that if the Borrower shall fail to give any required Interest
Election Request as described above in this paragraph or if such continuation is not permitted pursuant to the preceding proviso
such Loans shall be automatically converted to ABR Loans on the last day of such then expiring Interest Period. Upon receipt of
any such Interest Election Request the Administrative Agent shall promptly notify each relevant Lender thereof.

 

2.13         Limitations
on Eurodollar Tranches. Notwithstanding anything to the contrary in this Agreement, all borrowings, conversions and continuations
of Eurodollar Loans and all selections of Interest Periods shall be in such amounts and be made pursuant to such elections so
that, (a) after giving effect thereto, the aggregate principal amount of the Eurodollar Loans comprising each Eurodollar
Tranche shall be equal to $5,000,000 or a whole multiple of $1,000,000 in excess thereof and (b) no more than 10 Eurodollar
Tranches shall be outstanding at any one time.

 

2.14         Interest
Rates and Payment Dates. Subject to Section 2.16,

 

(a)            Each
Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to
the Adjusted LIBO Rate determined for such day plus the Applicable Margin.

 

(b)            Each
ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin.

 

    54

     

    

 

(c)            (i) If
all or a portion of the principal amount of any Loan 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 equal to the rate that would otherwise be applicable
thereto pursuant to the foregoing provisions of this Section 2.14 plus 2%, and (ii) if all or a portion of any
interest payable on any Loan or 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 equal to the rate then applicable to ABR Loans under
the relevant Facility plus 2% (or, in the case of any such other amounts that do not relate to a particular Facility, the
rate then applicable to ABR Loans under the Initial Term Facility plus 2%), in each case, with respect to clauses (i) and
(ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment).

 

(d)            Interest
shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of
this Section 2.14 shall be payable from time to time on demand.

 

2.15         Computation
of Interest and Fees. (a)  Interest and fees payable pursuant hereto shall be calculated on the basis of a 360-day year
for the actual days elapsed, except that, with respect to ABR Loans the rate of interest on which is calculated on the basis of
the Prime Rate, the interest thereon shall be calculated on the basis of a 365- (or 366-, as the case may be) day year for the
actual days elapsed (including the first day, but excluding the last day; provided that if a Loan is repaid on the same
day on which it is made, one day’s interest shall be paid on such Loan). The Administrative Agent shall as soon as practicable
notify the Borrower and the relevant Lenders of each determination of an Adjusted LIBO Rate.

 

(b)            Each
determination of an interest rate by the Administrative Agent pursuant to any provision of this Agreement shall be conclusive and
binding on the Borrower and the Lenders in the absence of manifest error. The Administrative Agent shall, at the request of the
Borrower, deliver to the Borrower a statement showing the quotations used by the Administrative Agent in determining any interest
rate pursuant to Section 2.14(a).

 

2.16         Alternate
Rate of Interest. (a) Subject to clauses (b), (c), (d), (e), (f) and (g) of this Section 2.16, if prior
to the commencement of any Interest Period for a Eurodollar Borrowing:

 

(i)            the
Administrative Agent determines (which determination shall be conclusive and binding absent manifest error) that adequate and reasonable
means do not exist for ascertaining the Adjusted LIBO Rate or the LIBO Rate, as applicable (including because the LIBO Screen Rate
is not available or published on a current basis), for a Loan for such Interest Period; provided that no Benchmark Transition
Event shall have occurred at such time, or

 

(ii)          the
Administrative Agent is advised by the Required Lenders that the Adjusted LIBO Rate or the LIBO Rate, as applicable, for a Loan
for such Interest Period will not adequately and fairly reflect the cost to such Lenders (as conclusively certified by such Lenders)
of making or maintaining their Loans (or its Loan) included in such Borrowing for such Interest Period,

 

then the Administrative Agent shall give
notice thereof to the Borrower and the Lenders by telephone, telecopy or electronic mail as promptly as practicable thereafter
and, until the Administrative Agent notifies the Borrower and the Lenders that the circumstances giving rise to such notice no
longer exist (which notification shall be made promptly after the Administrative Agent obtains knowledge of the cessation of the
circumstances referenced in clause (i) above or receives notice from the Required Lenders in respect of the cessation of circumstances
referenced in clause (ii) above), (A) any Interest Election Request that requests the conversion of any Borrowing to,
or continuation of any Borrowing as, a Eurodollar Borrowing shall be ineffective and (B) if any Borrowing Request requests
a Eurodollar Borrowing, such Borrowing shall be made as an ABR Borrowing.

 

    55

     

    

 

(b)          Notwithstanding
anything to the contrary herein or in any other Loan Document (and any Swap Agreement shall be deemed not to be a “Loan
Document” for purposes of this Section 2.16), if a Benchmark Transition Event or an Early Opt-in Election, as applicable,
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) or (2) of the definition
of “Benchmark Replacement” for such Benchmark Replacement Date, such Benchmark Replacement will replace such Benchmark
for all purposes hereunder and under any Loan Document in respect of such Benchmark setting and subsequent Benchmark settings
without any amendment to, or further action or consent of any other party to, this Agreement or any other Loan Document and (y) if
a Benchmark Replacement is determined in accordance with clause (3) of the definition of “Benchmark Replacement”
for such Benchmark Replacement Date, such Benchmark Replacement will replace such Benchmark for all purposes hereunder and under
any Loan Document in respect of any Benchmark setting at or after 5:00 p.m. (New York City time) on the fifth 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.

 

(c)            Notwithstanding
anything to the contrary herein or in any other Loan Document and subject to the proviso below in this paragraph, if a Term SOFR
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 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) shall not be effective unless the Administrative Agent has delivered to the Lenders and the Borrower a Term SOFR Notice.

 

(d)           In
connection with the implementation of a Benchmark Replacement, the Administrative Agent will have the right 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.

 

(e)         The
Administrative Agent will promptly notify the Borrower and the Lenders of (i) any occurrence of a Benchmark Transition Event,
a Term SOFR Transition Event or an Early Opt-in Election, as applicable, and its related Benchmark Replacement Date, (ii) the
implementation of any Benchmark Replacement, (iii) the effectiveness of any Benchmark Replacement Conforming Changes, (iv) the
removal or reinstatement of any tenor of a Benchmark pursuant to clause (f) below and (v) the commencement or conclusion
of any Benchmark Unavailability Period. Any determination, decision or election that may be made by the Administrative Agent or,
if applicable, any Lender (or group of Lenders) pursuant to this Section 2.16, 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 Section 2.16.

 

(f)           Notwithstanding
anything to the contrary herein or in any other Loan Document, at any time (including in connection with the implementation of
a Benchmark Replacement), (i) if the then-current Benchmark is a term rate (including Term SOFR or LIBO Rate) and either
(A) any tenor for such Benchmark is not displayed on a screen or other information service that publishes such rate from
time to time as selected by the Administrative Agent in its reasonable discretion or (B) the regulatory supervisor for the
administrator of such Benchmark has provided a public statement or publication of information announcing that any tenor for such
Benchmark is or will be no longer representative, then the Administrative Agent may modify the definition of “Interest Period”
for any Benchmark settings at or after such time to remove such unavailable or non-representative tenor and (ii) if a tenor
that was removed pursuant to clause (i) above either (A) is subsequently displayed on a screen or information service
for a Benchmark (including a Benchmark Replacement) or (B) is not, or is no longer, subject to an announcement that it is
or will no longer be representative for a Benchmark (including a Benchmark Replacement), then the Administrative Agent may modify
the definition of “Interest Period” for all Benchmark settings at or after such time to reinstate such previously
removed tenor.

 

    56

     

    

 

(g)            Upon
the Borrower’s receipt of notice of the commencement of a Benchmark Unavailability Period, the Borrower may revoke any request
for a Eurodollar Borrowing of, conversion to or continuation of Eurodollar Loans to be made, converted or continued during any
Benchmark Unavailability Period and, failing that, the Borrower will be deemed to have converted any such request into a request
for a Borrowing of or conversion to ABR Loans. 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 ABR based upon the then-current Benchmark or such tenor for
such Benchmark, as applicable, will not be used in any determination of ABR.

 

2.17         Pro
Rata Treatment and Payments. (a)  The borrowing by the Borrower from the Initial Term Lenders hereunder shall be made
pro rata according to the Initial Term Percentages of the Initial Term Lenders.

 

(b)             With
respect to any Facility, each payment (including each prepayment under this Agreement) by the Borrower on account of principal
of and interest on the Term Loans of such Facility shall be made pro rata according to the respective outstanding principal amounts
of the Term Loans of such Facility then held by the Term Lenders (except as otherwise provided in Section 2.11(f)). The amount
of each principal prepayment of the Term Loans pursuant to Section 2.11 shall be applied to reduce the Initial Term Loans
and Incremental Term Loans on a pro rata basis based upon the respective then remaining principal amounts thereof (unless any
Incremental Term Lenders have agreed to less than pro rata prepayments) and shall be applied within each Facility to the then
remaining installments thereof as directed by the Borrower (or if not so directed, to the then remaining installments thereof
in direct order of maturity). Amounts repaid (including amounts pursuant to Section 2.11) and prepaid on account of the Term
Loans may not be reborrowed.

 

(c)             [Reserved].

 

(d)            All
payments (including prepayments) to be made by the Borrower hereunder, whether on account of principal, interest, fees or otherwise,
shall be made without setoff or counterclaim and shall be made 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, at the Funding Office, in Dollars and in immediately available funds.
The Administrative Agent shall distribute such payments to each relevant Lender promptly upon receipt in like funds as received,
net of any amounts owing by such Lender pursuant to Section 9.7. If any payment hereunder (other than payments on the Eurodollar
Loans) becomes due and payable on a day other than a Business Day, such payment shall be extended to the next succeeding Business
Day. If any payment on a Eurodollar Loan becomes due and payable on a day other than a Business Day, the maturity thereof shall
be extended to the next succeeding Business Day 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. In the case of any extension
of any payment of principal pursuant to the preceding two sentences, interest thereon shall be payable at the then applicable
rate during such extension.

 

    57

     

    

 

(e)            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 Borrower 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 the greater of (i) the NYFRB Rate and (ii) a rate determined by the
Administrative Agent in accordance with banking industry rules on interbank compensation, 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 paragraph 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 Business Days after such
Borrowing Date, the Administrative Agent shall also be entitled to recover such amount with interest thereon at the rate per annum
applicable to ABR Loans under the relevant Facility, on demand, from the Borrower.

 

(f)             Unless
the Administrative Agent shall have been notified in writing by the Borrower prior to the date of any payment due to be made by
the Borrower hereunder that the Borrower will not make such payment to the Administrative Agent, the Administrative Agent may
assume that the Borrower is making such payment, and the Administrative Agent may, but shall not be required to, in reliance upon
such assumption, make available to the Lenders their respective pro rata shares of a corresponding amount. If such payment
is not made to the Administrative Agent by the Borrower within three Business Days after such due date, the Administrative Agent
shall be entitled to recover, on demand, from each Lender to which any amount which was made available pursuant to the preceding
sentence, such amount with interest thereon at the rate per annum equal to the daily average NYFRB Rate. Nothing herein shall
be deemed to limit the rights of the Administrative Agent or any Lender against the Borrower.

 

(g)             If
any Lender shall fail to make any payment required to be made by it pursuant to Section 2.17(e), 2.17(f), 2.19(e) or
9.7, then the Administrative Agent may, in its discretion and notwithstanding any contrary provision hereof, (i) apply any
amounts thereafter received by the Administrative Agent for the account of such Lender for the benefit of the Administrative Agent
to satisfy such Lender’s obligations to it under such Sections until all such unsatisfied obligations are fully paid, and/or
(ii) hold any such amounts in a segregated account as cash collateral for, and application to, any future funding obligations
of such Lender under any such Section, in the case of each of clauses (i) and (ii) above, in any order as determined
by the Administrative Agent in its discretion.

 

2.18         Requirements
of Law. (a)  If the adoption of or any change in any Requirement of Law or in the interpretation, administration, implementation
or application thereof or compliance by any Lender or other Credit Party 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 or occurring subsequent to the Closing
Date:

 

(i)             shall
subject any Credit Party to any Taxes (other than (A) Indemnified Taxes, (B) Taxes described in clauses (b) through
(d) of the definition of Excluded Taxes and (C) Connection Income Taxes) on its loans, loan principal, letters of credit,
commitments, or other obligations, or its deposits, reserves, other liabilities or capital attributable thereto;

 

(ii)          shall
impose, modify or hold applicable any reserve, special deposit, compulsory loan, insurance charge or similar requirement against
assets held by, deposits or other liabilities in or for the account of, advances, loans or other extensions of credit (or participations
therein) by, or any other acquisition of funds by, any office of such Lender that is not otherwise included in the determination
of the Adjusted LIBO Rate; or

 

    58

     

    

 

(iii)            shall
impose on such Lender any other condition (other than Taxes);

 

and the result of any of the foregoing
is to increase the cost to such Lender or such other Credit Party, by an amount that such Lender or other Credit Party deems to
be material, of making, converting into, continuing or maintaining Loans, or to reduce any amount receivable hereunder in respect
thereof, then, in any such case, the Borrower shall promptly pay such Lender or such other Credit Party, upon its demand, any
additional amounts necessary to compensate such Lender or such other Credit Party for such increased cost or reduced amount receivable.
If any Lender or such other Credit Party becomes entitled to claim any additional amounts pursuant to this paragraph, it shall
promptly notify the Borrower (with a copy to the Administrative Agent) of the event by reason of which it has become so entitled.

 

(b)            If
any Lender shall have determined that the adoption of or any change in any Requirement of Law regarding capital or liquidity requirements
or in the interpretation, administration, implementation or application thereof or compliance by such Lender or any corporation
controlling such Lender with any request or directive regarding capital or liquidity requirements (whether or not having the force
of law) from any Governmental Authority made subsequent to the Closing Date shall have the effect of reducing the rate of return
on such Lender’s or such corporation’s capital as a consequence of its obligations hereunder to a level below that
which such Lender or such corporation could have achieved but for such adoption, change or compliance (taking into consideration
such Lender’s or such corporation’s policies with respect to capital adequacy or liquidity) by an amount deemed by
such Lender to be material, then from time to time, after submission by such Lender to the Borrower (with a copy to the Administrative
Agent) of a written request therefor, the Borrower shall pay to such Lender such additional amount or amounts as will compensate
such Lender or such corporation for such reduction.

 

(c)         Notwithstanding
anything herein to the contrary, (i) all requests, rules, guidelines, requirements and directives promulgated by the Bank
for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or by United
States or foreign regulatory authorities, in each case pursuant to Basel III, and (ii) the Dodd-Frank Wall Street Reform
and Consumer Protection Act and all requests, rules, guidelines, requirements and directives thereunder or issued in connection
therewith or in implementation thereof, shall in each case be deemed to be a change in law, regardless of the date enacted, adopted,
issued or implemented.

 

(d)            A
certificate as to any additional amounts payable pursuant to this Section 2.18 submitted by any Lender to the Borrower (with
a copy to the Administrative Agent) shall be conclusive in the absence of manifest error. Notwithstanding anything to the contrary
in this Section 2.18, the Borrower shall not be required to compensate a Lender pursuant to this Section 2.18 for any
amounts incurred more than six months prior to the date that such Lender notifies the Borrower of such Lender’s intention
to claim compensation therefor; provided that, if the circumstances giving rise to such claim have a retroactive effect,
then such six-month period shall be extended to include the period of such retroactive effect. The obligations of the Borrower
pursuant to this Section 2.18 shall survive the termination of this Agreement and the payment of the Loans and all other
amounts payable hereunder.

 

(e)           Notwithstanding
any other provision of this Section 2.18 to the contrary, no Lender shall be entitled to receive any compensation pursuant
to this Section 2.18 unless it shall be the general policy or practice of such Lender to seek compensation from other similarly
situated borrowers in the syndicated loan market in the United States with respect to its similarly affected loans under agreements
with such borrowers having provisions similar to this Section 2.18.

 

    59

     

    

 

2.19          Taxes.

 

(a)           Any
and all payments by or on account of any obligation of any Loan Party under any Loan Document shall be made without deduction
or withholding for any Taxes, except as required by applicable law. If any applicable law (as determined in the good faith discretion
of an applicable withholding agent) requires the deduction or withholding of any Tax from any such payment by a withholding agent,
then the applicable withholding agent shall be entitled to make such deduction or withholding and shall timely pay the full amount
deducted or withheld to the relevant Governmental Authority in accordance with applicable law and, if such Tax is an Indemnified
Tax, then the sum payable by the applicable Loan Party shall be increased as necessary so that, after such deduction or withholding
has been made (including such deductions and withholdings applicable to additional sums payable under this Section 2.19),
the amounts received with respect to this agreement equal the sum which would have been received had no such deduction or withholding
been made.

 

(b)           The
Loan Parties 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, Other Taxes.

 

(c)          As
soon as practicable after any payment of Taxes by any Loan Party to a Governmental Authority pursuant to this Section 2.19,
such Loan Party shall deliver to the Administrative Agent the original or a certified copy of a receipt issued by such Governmental
Authority evidencing such payment, a copy of the return reporting such payment or other evidence of such payment reasonably satisfactory
to the Administrative Agent.

 

(d)            The
Loan Parties shall jointly and severally indemnify each Credit Party, within 10 days after demand therefor, for the full amount
of any Indemnified Taxes (including Indemnified Taxes imposed or asserted on or attributable to amounts payable under this Section 2.19)
payable or paid by such Credit Party or required to be withheld or deducted from a payment to such Credit Party and any reasonable
expenses arising therefrom or with respect thereto, whether or not such Indemnified Taxes were correctly or legally imposed or
asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered to the
Borrower by a Lender (with a copy to the Administrative Agent), or by the Administrative Agent on its own behalf or on behalf
of a Lender, shall be conclusive absent manifest error.

 

(e)            Each
Lender shall severally indemnify the Administrative Agent, within 10 days after demand therefor, for (i) any Taxes attributable
to such Lender (but only to the extent that any Loan Party has not already indemnified the Administrative Agent for such Indemnified
Taxes and without limiting the obligation of the Loan Parties to do so) and (ii) any Taxes attributable to such Lender’s
failure to comply with the provisions of Section 10.6(c) relating to the maintenance of a Participant Register, in either
case, that are payable or paid by the Administrative Agent in connection with any Loan Document, and any reasonable expenses arising
therefrom or with respect thereto, whether or not such Taxes were correctly or legally imposed or asserted by the relevant Governmental
Authority. A certificate as to the amount of such payment or liability delivered to any Lender by the Administrative Agent shall
be conclusive absent manifest error. Each Lender hereby authorizes the Administrative Agent to setoff and apply any and all amounts
at any time owing to such Lender under any Loan Document or otherwise payable by the Administrative Agent to the Lender from any
other source against any amount due to the Administrative Agent under this paragraph (e).

 

    60

     

    

 

(f)             (i) Any
Lender that is entitled to an exemption from or reduction of withholding Tax with respect to payments made under any Loan Document
shall deliver to the Borrower and the Administrative Agent, at the time or times reasonably requested by the Borrower or the Administrative
Agent, such properly completed and executed documentation reasonably requested by the Borrower or the Administrative Agent as
will permit such payments to be made without withholding or at a reduced rate of withholding. In addition, any Lender, if reasonably
requested by the Borrower or the Administrative Agent, shall deliver such other documentation prescribed by applicable law or
reasonably requested by the Borrower or the Administrative Agent as will enable the Borrower or the Administrative Agent to determine
whether or not such Lender is subject to backup withholding or information reporting requirements. Notwithstanding anything to
the contrary in the preceding two sentences, the completion, execution and submission of such documentation (other than such documentation
set forth in Section 2.19(f)(ii)(A), (ii)(B) and (ii)(D) below) shall not be required if in the Lender’s
reasonable judgment such completion, execution or submission would subject such Lender to any material unreimbursed cost or expense
or would materially prejudice the legal or commercial position of such Lender.

 

(ii)            Without
limiting the generality of the foregoing, in the event that the Borrower is a U.S. Person,

 

(A)          any
Lender that is a U.S. Person shall deliver to the Borrower and the Administrative Agent on or prior to the date on which such
Lender becomes a Lender under this Agreement (and from time to time thereafter upon the reasonable request of the Borrower or
the Administrative Agent), executed originals of IRS Form W-9 certifying that such Lender is exempt from U.S. federal backup
withholding tax;

 

(B)        any
Non-U.S. Lender shall, to the extent it is legally entitled to do so, deliver to the Borrower and the Administrative Agent (in
such number of copies as shall be requested by the recipient) on or prior to the date on which such Non-U.S. Lender becomes a
Lender under this Agreement (and from time to time thereafter upon the reasonable request of the Borrower or the Administrative
Agent), whichever of the following is applicable:

 

(1)          in
the case of a Non-U.S. Lender claiming the benefits of an income tax treaty to which the United States is a party (x) with
respect to payments of interest under any Loan Document, executed originals of IRS Form W-8BEN or IRS Form W-8BEN-E
establishing an exemption from, or reduction of, U.S. federal withholding Tax pursuant to the “interest” article of
such tax treaty and (y) with respect to any other applicable payments under any Loan Document, IRS Form W-8BEN
or IRS Form W-8BEN-E establishing an exemption from, or reduction of, U.S. federal withholding Tax pursuant to the “business
profits” or “other income” article of such tax treaty;

 

(2)           executed
originals of IRS Form W-8ECI;

 

(3)        in
the case of a Non-U.S. Lender claiming the benefits of the exemption for portfolio interest under Section 881(c) of
the Code, (x) a certificate substantially in the form of Exhibit H-1 to the effect that such Non-U.S. Lender is not
a “bank” within the meaning of Section 881(c)(3)(A) of the Code, a “10 percent shareholder”
of the Borrower within the meaning of Section 881(c)(3)(B) of the Code, or a “controlled foreign corporation”
related to the Borrower as described in Section 881(c)(3)(C) of the Code (a “U.S. Tax Compliance Certificate”)
and (y) executed originals of IRS Form W-8BEN or IRS Form W-8BEN-E; or

 

    61

     

    

 

(4)           to
the extent a Non-U.S. Lender is not the beneficial owner, executed originals of IRS Form W-8IMY, accompanied by IRS Form W-8ECI, IRS
Form W-8BEN, IRS Form W-8BEN-E, a U.S. Tax Compliance Certificate substantially in the form of Exhibit H-2
or Exhibit H-3, IRS Form W-9, and/or other certification documents from each beneficial owner, as applicable; provided
that if the Non-U.S. Lender is a partnership and one or more direct or indirect partners of such Non-U.S. Lender are claiming
the portfolio interest exemption, such Non-U.S. Lender may provide a U.S. Tax Compliance Certificate substantially in the form
of Exhibit H-4 on behalf of each such direct and indirect partner;

 

(C)        any
Non-U.S. Lender shall, to the extent it is legally entitled to do so, deliver to the Borrower and the Administrative Agent (in
such number of copies as shall be requested by the recipient) on or prior to the date on which such Non-U.S. Lender becomes a
Lender under this Agreement (and from time to time thereafter upon the reasonable request of the Borrower or the Administrative
Agent), executed originals of any other form prescribed by applicable law as a basis for claiming exemption from or a reduction
in U.S. federal withholding Tax, duly completed, together with such supplementary documentation as may be prescribed by applicable
law to permit the Borrower or the Administrative Agent to determine the withholding or deduction required to be made; and

 

(D)         if
a payment made to a Lender under any Loan Document would be subject to U.S. federal withholding Tax imposed by FATCA if such Lender
were to fail to comply with the applicable reporting requirements of FATCA (including those contained in Section 1471(b) or
1472(b) of the Code, as applicable), such Lender shall deliver to the Borrower and the Administrative Agent at the time or
times prescribed by law and at such time or times reasonably requested by the Borrower or the Administrative Agent such documentation
prescribed by applicable law (including as prescribed by Section 1471(b)(3)(C)(i) of the Code) and such additional documentation
reasonably requested by the Borrower or the Administrative Agent as may be necessary for the Borrower and the Administrative Agent
to comply with their obligations under FATCA and to determine that such Lender has complied with such Lender’s obligations
under FATCA or to determine the amount, if any, to deduct and withhold from such payment. Solely for purposes of this clause (D),
 “FATCA” shall include any amendments made to FATCA after the Closing Date.

 

Each Lender agrees that
if any form or certification it previously delivered expires or becomes obsolete or inaccurate in any respect, it shall update
such form or certification or promptly notify the Borrower and the Administrative Agent in writing of its legal inability to do
so.

 

(g)             If
any party determines, in its sole discretion exercised in good faith, that it has received a refund of any Taxes as to which it
has been indemnified pursuant to this Section 2.19 (including by the payment of additional amounts pursuant to this Section 2.19),
it shall pay to the indemnifying party an amount equal to such refund (but only to the extent of indemnity payments made under
this Section 2.19 with respect to the Taxes giving rise to such refund), net of all out-of-pocket expenses (including Taxes)
of such indemnified party and without interest (other than any interest paid by the relevant Governmental Authority with respect
to such refund). Such indemnifying party, upon the request of such indemnified party, shall repay to such indemnified party the
amount paid over pursuant to this paragraph (g) (plus any penalties, interest or other charges imposed by the relevant
Governmental Authority) in the event that such indemnified party is required to repay such refund to such Governmental Authority.
Notwithstanding anything to the contrary in this paragraph (g), in no event will the indemnified party be required to pay any
amount to an indemnifying party pursuant to this paragraph (g) the payment of which would place the indemnified party in
a less favorable net after-Tax position than the indemnified party would have been in if the Tax subject to indemnification and
giving rise to such refund had not been deducted, withheld or otherwise imposed and the indemnification payments or additional
amounts giving rise to such refund had never been paid. This Section 2.19 shall not be construed to require any indemnified
party to make available its Tax returns (or any other information relating to its Taxes that it deems confidential) to the indemnifying
party or any other Person.

 

    62

     

    

 

(h)            Each
party’s obligations under this Section 2.19 shall survive the resignation or replacement of the Administrative Agent
or any assignment of rights by, or the replacement of, a Lender, the termination of the Commitments and the repayment, satisfaction
or discharge of all obligations under the Loan Documents.

 

(i)              For
purposes of this Section 2.19, the term “applicable law” includes FATCA.

 

2.20          Indemnity.
The Borrower agrees to indemnify each Lender for, and to hold each Lender harmless from, any loss or expense that such Lender
sustains or incurs as a consequence of (a) default by the Borrower in making a borrowing of, conversion into or continuation
of Eurodollar Loans after the Borrower has given a notice requesting the same in accordance with the provisions of this Agreement,
(b) default by the Borrower in making any prepayment of or conversion from Eurodollar Loans after the Borrower has given
a notice thereof in accordance with the provisions of this Agreement or (c) the making of a prepayment of Eurodollar Loans
on a day that 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 (i) the amount of interest that would have accrued on the amount so prepaid, or not so borrowed,
converted or continued, for the period from the date of such prepayment or of such failure to borrow, convert or continue to the
last day of such 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 Loans provided for herein
(excluding, however, the Applicable Margin included therein, if any) over (ii) the amount of interest (as reasonably determined
by such Lender) that 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. A certificate as to any amounts payable pursuant to this Section 2.20
submitted to the Borrower by any Lender shall be conclusive in the absence of manifest error. This covenant shall survive the
termination of this Agreement and the payment of the Loans and all other amounts payable hereunder for nine months.

 

2.21          Change
of Lending Office. Each Lender agrees that, upon the occurrence of any event giving rise to the operation of Section 2.18
or 2.19(a) with respect to such Lender, it will, if requested by the Borrower, use reasonable efforts (subject to overall
policy considerations of such Lender) to designate another lending office for any Loans affected by such event or to assign and
delegate its rights and obligations hereunder to another of its offices, branches or Affiliates with the object of avoiding the
consequences of such event; provided, that such designation or assignment is made on terms that, in the sole judgment of
such Lender, cause such Lender and its lending offices to suffer no material economic, legal or regulatory disadvantage, and provided,
further, that nothing in this Section 2.21 shall affect or postpone any of the obligations of the Borrower or the
rights of any Lender pursuant to Section 2.18 or 2.19(a).

 

    63

     

    

 

2.22         Replacement
of Lenders. The Borrower shall be permitted to replace any Lender that (a) requests reimbursement for amounts owing pursuant
to Section 2.18 or 2.19(a) or (b) does not consent to any proposed amendment, supplement, modification, consent
or waiver of any provision of this Agreement or any other Loan Document that requires the consent of each of the Lenders or each
of the Lenders affected thereby (so long as the consent of the Required Lenders has been obtained), with a replacement financial
institution; provided that (i) such replacement does not conflict with any Requirement of Law, (ii) [reserved],
(iii) prior to any such replacement pursuant to the preceding clause (a), such Lender shall have not eliminated the continued
need for payment of amounts owing pursuant to Section 2.18 or 2.19(a), (iv) the replacement financial institution shall
purchase, at par, all Loans and other amounts owing to such replaced Lender on or prior to the date of replacement, (v) the
Borrower shall be liable to such replaced Lender under Section 2.20 if any Eurodollar Loan owing to such replaced Lender
shall be purchased other than on the last day of the Interest Period relating thereto, (vi) the replacement financial institution,
if not already a Lender, an affiliate of a Lender or an Approved Fund, shall be reasonably satisfactory to the Administrative
Agent (in its capacity as such), (vii) the replaced Lender shall be obligated to make such replacement in accordance with
the provisions of Section 10.6 (provided that the Borrower shall be obligated to pay the registration and processing
fee referred to therein), (viii) until such time as such replacement shall be consummated, the Borrower shall pay all additional
amounts (if any) required pursuant to Section 2.18 or 2.19(a), as the case may be, and (ix) any such replacement shall
not be deemed to be a waiver of any rights that the Borrower, the Administrative Agent or any other Lender shall have against
the replaced Lender. Each party hereto agrees that an assignment required pursuant to this paragraph may be effected pursuant
to an Assignment and Assumption executed by the Borrower, the Administrative Agent and the assignee, and that the Lender required
to make such assignment need not be a party thereto in order for such assignment to be effective.

 

2.23          [Reserved].

 

    64

     

    

 

2.24          Incremental
Facilities. (a) The Borrower and any one or more Lenders (including New Lenders) may from time to time agree that such
Lenders shall make, obtain or increase the amount of their Incremental Term Loans (which may be effected by increasing the amount
of any then existing Facility) by executing and delivering to the Administrative Agent an Incremental Term Loan Activation Notice
specifying (v) the amount of such Incremental Term Loans, (w) the applicable Incremental Term Loan Closing Date (which
shall be a date not less than five Business Days after the date on which such notice is delivered to the Administrative Agent
(or such earlier date as shall be agreed by the Administrative Agent)), (x) the applicable Incremental Term Loan Maturity
Date, (y) the amortization schedule for such Incremental Term Loans and (z) the Applicable Margin for such Incremental
Term Loans; provided, that (i) the aggregate amount of all Incremental Term Loans established on any date, together
with the aggregate amount of Incremental Equivalent Debt incurred on such date, shall not exceed the Available Incremental Amount
as of such date, (ii) each Incremental Term Facility shall be in a minimum aggregate principal amount of $25,000,000 (or
such lesser amount as may be approved by the Administrative Agent in its reasonable discretion), (iii) the Incremental Term
Loans in respect of any Incremental Term Facility and all obligations in respect thereof shall be Obligations under this Agreement
and the other Loan Documents that are (A) if guaranteed, guaranteed on a pari passu basis or junior basis with all of the
other Obligations under this Agreement and the other Loan Documents and (B) unsecured or secured by the Collateral (and no
other property) and the Liens on the Collateral securing such Incremental Term Loans and all other obligations in respect thereof
shall be pari passu with, or junior to, the Liens on the Collateral securing all of the other Obligations under this Agreement
and the other Loan Documents, (iv) the Incremental Term Loans in respect of any Incremental Term Facility will be entitled
to prepayments on the same basis as the Initial Term Loans unless the applicable Incremental Term Loan Activation Notice specifies
a lesser treatment, (v) such Incremental Term Loans shall have a final maturity no earlier than the Latest Maturity Date
(determined immediately prior to incurrence of such Incremental Term Loans) (provided that this clause shall not apply
to the incurrence of any Incremental Term Loans consisting of Customary Bridge Loans so long as the related Extended Bridge Loans
would satisfy this clause (v)), (vi) the weighted average life to maturity of such Incremental Term Facility shall be no
shorter than that of any existing Term Loans (except if required in order to make such Incremental Term Loans fungible with any
outstanding Term Loans) (provided that this clause shall not apply to the incurrence of any Incremental Term Loans consisting
of Customary Bridge Loans so long as the related Extended Bridge Loans would satisfy this clause (vi)), (vii) the all-in-yield
(whether in the form of interest rate margins, original issue discount, upfront fees or interest rate floors) and (subject to
clauses (v) and (vi) above) amortization schedule applicable to such Incremental Term Facility shall be determined by
the Borrower and the Lenders providing such Incremental Term Facility, provided that, in the event that the all-in-yield
for any Incremental Term Facility that is secured on a pari passu basis with the Initial Term Facility incurred on or prior to
the six-month anniversary of the Closing Date shall be more than 50 basis points higher than the corresponding all-in-yield for
any then-existing Initial Term Loans as determined by the Administrative Agent in accordance with standard market practices (after
giving effect to interest rate margins, original issue discount, upfront fees or interest rate floors, but excluding arrangement,
structuring, underwriting or commitment fees, consent fees paid to consenting Lenders or other fees that are not paid generally
to all lenders of such Incremental Term Loans), then the all-in-yield with respect to the outstanding Initial Term Loans shall
be increased to the amount necessary so that the difference between the all-in-yield with respect to the Incremental Term Facility
and the all-in-yield on the outstanding Initial Term Loans is equal to 50 basis points (it being agreed that (x) original
issue discount and upfront fees shall be equated to interest on the basis of a four-year average life and (y) any increase
in yield to any then-existing Initial Term Loans required due to the application of an interest rate floor shall be effected solely
through an increase in (or implementation of, as applicable) any interest rate floor applicable to such then existing Initial
Term Loans) (the foregoing, the “MFN Provision”) and (viii) the terms of any Incremental Term Facility
shall be on terms and pursuant to documentation to be determined; provided that such terms shall (except to the extent
permitted by clause (vi) or (vii) above) be consistent with the terms of the Initial Term Facility or not materially
more favorable (taken as a whole) to the Lenders of the applicable Incremental Term Facility compared to the existing Facilities,
as determined in good faith by the Borrower and evidenced by a certificate of a Responsible Officer of the Borrower, or otherwise
reasonably satisfactory to the Administrative Agent (it being understood that (x) no consent shall be required to the extent
such terms apply only after the Latest Maturity Date and (y) to the extent that any financial maintenance covenant is added
for the benefit of any Incremental Term Facility, no consent shall be required from the Administrative Agent or any Lender to
the extent that such financial maintenance covenant is also added for the benefit of the existing Facilities). No Lender shall
have any obligation to participate in any increase described in this paragraph unless it agrees to do so in its sole discretion
and the Borrower shall have no obligation to offer to any Lender the opportunity to so participate. Any Incremental Term Loan
Commitments established pursuant to an Incremental Term Loan Activation Notice that have identical terms and conditions, and any
Incremental Term Loans made thereunder, shall be designated as a separate series (each a “Series”) of Incremental
Term Loan Commitments and Incremental Term Loans for all purposes of this Agreement.

 

(b)            Any
additional bank, financial institution or other entity which, with the consent of the Borrower and the Administrative Agent (which
consent shall not be unreasonably withheld), elects to become a “Lender” under this Agreement in connection with any
transaction described in Section 2.24(a) shall execute a New Lender Supplement (each, a “New Lender Supplement”),
substantially in the form of Exhibit I-2, whereupon such bank, financial institution or other entity (a “New Lender”)
shall become a Lender for all purposes and to the same extent as if originally a party hereto and shall be bound by and entitled
to the benefits of this Agreement.

 

(c)             [Reserved].

 

(d)          Each
Incremental Term Loan Activation Notice may, without the consent of any Lender (other than the applicable Incremental Term Lenders)
effect such amendments to this Agreement and the other Loan Documents as may be necessary or appropriate, in the opinion of the
Administrative Agent, to give effect to the provisions of this Section 2.24. This Section 2.24 shall supersede any provision
of Section 10.1 to the contrary.

 

    65

     

    

 

(e)            It
shall be a condition precedent to the availability of any Incremental Term Loans that (i) no Default or Event of Default
(or, in the case of any Incremental Limited Condition Term Facility, no Specified Event of Default) shall have occurred and be
continuing immediately prior to and immediately after giving effect to the making of such Incremental Term Loans, (ii) the
representations and warranties set forth in each Loan Document (or, in the case of any Incremental Limited Condition Term Facility,
the Specified Representations and the Specified Acquisition Agreement Representations) shall be true and correct in all material
respects (or, if qualified by materiality, in all respects) on and as of the Incremental Term Loan Closing Date immediately prior
to and immediately after giving effect to the making of such Incremental Term Loans, except to the extent expressly made as of
an earlier date, in which case they shall be so true and correct as of such earlier date and (iii) the Borrower shall have
delivered such customary legal opinions, board resolutions, secretary’s certificate, officer’s certificate and other
documents, in each case consistent with those delivered on the Closing Date, as shall be reasonably requested by the Administrative
Agent in connection with any Incremental Term Facility.

 

2.25         Loan
Purchases. (a)  Subject to the terms and conditions set forth or referred to below, a Purchasing Borrower Party may from
time to time, in its discretion, conduct modified Dutch auctions to make Auction Purchase Offers, each such Auction Purchase Offer
to be conducted in accordance with the procedures, terms and conditions set forth in this Section 2.25 and the Auction Procedures,
in each case, so long as the following conditions are satisfied:

 

(i)             no
Default or Event of Default shall have occurred and be continuing at the time of purchase of any Term Loans or on the date of
the delivery of each Auction Notice;

 

(ii)          the
assigning Lender and the Purchasing Borrower Party shall execute and deliver to the Administrative Agent an Assignment and Assumption;

 

(iii)           the
maximum principal amount (calculated on the face amount thereof) of Term Loans that the Purchasing Borrower Party offers to purchase
in any Auction Purchase Offer shall be no less than $10,000,000 (unless another amount is agreed to by the Administrative Agent
in its reasonable discretion);

 

(iv)           any
Term Loans assigned to any Purchasing Borrower Party shall be automatically and permanently cancelled upon the effectiveness of
such assignment and will thereafter no longer be outstanding for any purpose hereunder, and such Term Loans may not be resold
(it being understood and agreed that any gains or losses by any Purchasing Borrower Party upon purchase or acquisition and cancellation
of such Term Loans shall not be taken into account in the calculation of Excess Cash Flow, Consolidated Net Income or Consolidated
EBITDA);

 

(v)            no
more than one Auction Purchase Offer with respect to any Facility may be ongoing at any one time and no more than four Auction
Purchase Offers (regardless of Facility) may be made in any one year;

 

(vi)            at
the time of each purchase of Term Loans through an Auction Purchase Offer, the Borrower shall have delivered to the Auction Manager
a certificate of a Responsible Officer certifying as to compliance with the preceding clause (i); and

 

(vii)          each
Auction Purchase Offer shall be made to all Lenders of the applicable Facility subject to such Auction Purchase Offer.

 

    66

     

    

 

(b)             A
Purchasing Borrower Party must terminate any Auction Purchase Offer if it fails to satisfy one or more of the conditions set forth
above which are required to be met at the time which otherwise would have been the time of purchase of Term Loans pursuant to
such Auction Purchase Offer. If a Purchasing Borrower Party commences any Auction Purchase Offer (and all relevant requirements
set forth above which are required to be satisfied at the time of the commencement of such Auction Purchase Offer have in fact
been satisfied), and if at such time of commencement the Purchasing Borrower Party reasonably believes that all required conditions
set forth above which are required to be satisfied at the time of the consummation of such Auction Purchase Offer shall be satisfied,
then the Purchasing Borrower Party shall have no liability to any Lender for any termination of such Auction Purchase Offer as
a result of the failure to satisfy one or more of the conditions set forth above which are required to be met at the time which
otherwise would have been the time of consummation of such Auction Purchase Offer, and any such failure shall not result in any
Default or Event of Default hereunder. With respect to all purchases of Term Loans of any Facility made by a Purchasing Borrower
Party pursuant to this Section 2.25, the Purchasing Borrower Party shall pay on the settlement date of each such purchase
all accrued and unpaid interest (except to the extent otherwise set forth in the relevant offering documents), if any, on the
purchased Term Loans of the applicable Facility up to the settlement date of such purchase.

 

The Administrative Agent
and the Lenders hereby consent to the Auction Purchase Offers and the other transactions effected pursuant to and in accordance
with the terms of this Section 2.25 (provided that no Lender shall have an obligation to participate in any such Auction
Purchase Offer). For the avoidance of doubt, it is understood and agreed that the provisions of Section 2.17 will not apply
to the purchases of Term Loans pursuant to and in accordance with the provisions of this Section 2.25. Any party (if any)
selected by the Borrower to manage an Auction Purchase Offer (an “Auction Manager”) acting in its capacity
as such hereunder shall be entitled to the benefits of the provisions of Article VIII and Article IX to the same extent
as if each reference therein to the “Administrative Agent” were a reference to the Auction Manager, and the Administrative
Agent shall cooperate with the Auction Manager as reasonably requested by the Auction Manager in order to enable it to perform
its responsibilities and duties in connection with each Auction Purchase Offer.

 

The foregoing shall
not limit the Borrower’s right to purchase Loans in privately negotiated transactions or through open market purchases,
in each case pursuant to Section 10.6(e).

 

2.26         Loan
Modification Offers. (a)  The Borrower may on one or more occasions after the Closing Date, by written notice to the
Administrative Agent, make one or more offers (each, a “Loan Modification Offer”) to all (and not fewer than
all) the Lenders of one or more Facilities (each Facility subject to such a Loan Modification Offer, an “Affected Facility”)
to make one or more Permitted Amendments pursuant to procedures reasonably specified by the Administrative Agent and reasonably
acceptable to the Borrower. Such notice shall set forth (i) the terms and conditions of the requested Loan Modification Offer
and (ii) the date on which such Loan Modification Offer is requested to become effective. Permitted Amendments shall become
effective only with respect to the Loans of the Lenders of the Affected Facility that accept the applicable Loan Modification
Offer (such Lenders, the “Accepting Lenders”) and, in the case of any Accepting Lender, only with respect to
such Lender’s Loans and Commitments of such Affected Facility as to which such Lender’s acceptance has been made.
With respect to all Permitted Amendments consummated by the Borrower pursuant to this Section 2.26, (i) such Permitted
Amendments shall not constitute voluntary or mandatory payments or prepayments for purposes of Section 2.11 and (ii) any
Loan Modification Offer, unless contemplating a scheduled maturity date already in effect with respect to any Loans hereunder
pursuant to a previously consummated Permitted Amendment, must be in a minimum amount of $25,000,000 (or such lesser amount as
may be approved by the Administrative Agent in its reasonable discretion); provided that the Borrower may at its election
specify as a condition (a “Minimum Extension Condition”) to consummating any such Permitted Amendment that
a minimum amount (to be determined and specified in the relevant Loan Modification Offer in the Borrower’s sole discretion
and which may be waived by the Borrower) of Loans of any or all Affected Facilities be extended. If the aggregate principal amount
of Loans of any Affected Facility in respect of which Lenders shall have accepted the relevant Loan Modification Offer shall exceed
the maximum aggregate principal amount of Loans of such Affected Facility offered to be extended by the Borrower pursuant to such
Loan Modification Offer, then the Loans of such Lenders shall be extended ratably up to such maximum amount based on the relative
principal amounts (but not to exceed actual holdings of record) with respect to which such Lenders have accepted such Loan Modification
Offer.

 

    67

     

    

 

(b)            A
Permitted Amendment shall be effected pursuant to a Loan Modification Agreement executed and delivered by the Borrower, each Accepting
Lender and the Administrative Agent; provided that no Permitted Amendment shall become effective unless (i) on the
date of effectiveness thereof, the representations and warranties of each Loan Party set forth in the Loan Documents shall be
true and correct in all material respects (or if qualified by materiality, in all respects), in each case on and as of such date,
except in the case of any such representation and warranty expressly made as of an earlier date, in which case such representation
and warranty shall be so true and correct on and as of such earlier date, (ii) the Borrower shall have delivered, or agreed
to deliver by a date following the effectiveness of such Permitted Amendment reasonably acceptable to the Administrative Agent,
to the Administrative Agent such customary legal opinions, board resolutions, secretary’s certificates, officer’s
certificates and other documents (including reaffirmation agreements, supplements and/or amendments to the Security Documents,
in each case to the extent applicable), in each case consistent with those delivered on the Closing Date, as shall reasonably
be requested by the Administrative Agent in connection therewith and (iii) any applicable Minimum Extension Condition shall
be satisfied (unless waived by the Borrower). The Administrative Agent shall promptly notify each Lender as to the effectiveness
of each Loan Modification Agreement. Each Loan Modification Agreement may, without the consent of any Lender other than the applicable
Accepting Lenders, 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, to give effect to the provisions of this Section 2.26, including any
amendments necessary to treat the applicable Loans of the Accepting Lenders as a new Facility of loans hereunder (and the Lenders
hereby irrevocably authorize the Administrative Agent to enter into any such amendments); provided that (i) all prepayments
of Loans (i.e., both extended and non-extended) shall continue to be made on a ratable basis among all Lenders, based on the relative
amounts of their Loans unless a Permitted Amendment provides for lesser treatment of the Loans of the Accepting Lenders, until
the repayment of the non-extended Loans. The Administrative Agent and the Lenders hereby acknowledge that in respect of payments
on non-extended Loans on the scheduled maturity date in respect thereof the pro rata payment requirements contained elsewhere
in this Agreement are not intended to apply to the transactions effected pursuant to this Section 2.26. This Section 2.26
shall supersede any provisions in Section 2.17 or Section 10.1 to the contrary.

 

2.27         Refinancing
Facilities.

 

(a)          The
Borrower may, on one or more occasions after the Closing Date, by written notice to the Administrative Agent, request the establishment
hereunder of one or more additional Facilities of term loan commitments (the “Refinancing Term Loan Commitments”)
pursuant to which each Person providing such a commitment (a “Refinancing Term Lender”) will make term loans
to the Borrower as specified in such written notice (the “Refinancing Term Loans”); provided that (i) each
Refinancing Term Loan Lender shall be an Eligible Assignee and (ii) if the consent of the Administrative Agent would be required
for an assignment of Loans to such Refinancing Term Loan Lender, the Borrower shall have received the prior written consent of
the Administrative Agent, which consent shall not unreasonably be withheld, delayed or conditioned.

 

    68

     

    

 

(b)           The
Refinancing Term Loan Commitments shall be effected pursuant to one or more Refinancing Facility Agreements executed and delivered
by the Borrower, each Refinancing Term Lender providing such Refinancing Term Loan Commitments and the Administrative Agent; provided
that no Refinancing Term Loan Commitments shall become effective unless (i) no Event of Default shall have occurred and
be continuing on the date of effectiveness thereof, (ii) on the date of effectiveness thereof, the representations and warranties
of each Loan Party set forth in the Loan Documents shall be true and correct in all material respects (or if qualified by materiality,
in all respects), in each case on and as of such date, except in the case of any such representation and warranty expressly made
as of an earlier date, in which case such representation and warranty shall be so true and correct on and as of such earlier date,
(iii) the Borrower shall have delivered to the Administrative Agent, or agreed to deliver by a date following the effectiveness
of such Refinancing Facility Agreement, such customary legal opinions, board resolutions, secretary’s certificates, officer’s
certificates and other documents (including reaffirmation agreements, supplements and/or amendments to the Security Documents,
in each case to the extent applicable), in each case consistent with those delivered on the Closing Date, as shall reasonably
be requested by the Administrative Agent in connection therewith and (iv) substantially concurrently with the effectiveness
thereof, the Borrower shall obtain Refinancing Term Loans thereunder and shall repay or prepay then outstanding Term Loans of
one or more Facilities in an aggregate principal amount equal to the aggregate amount of such Refinancing Term Loan Commitments
(less the aggregate amount of accrued and unpaid interest with respect to such outstanding Term Loans and any reasonable fees,
premium and expenses relating to such refinancing (including make-whole premiums, prepayment premiums and any other amounts required
to be paid in connection with such prepayment)). The Borrower shall determine the amount of such prepayments allocated to each
Facility of outstanding Term Loans, and any such prepayment of Term Loans of any Facility shall be applied to reduce the subsequent
scheduled repayments of Term Loans of such Facility to be made pursuant to Section 2.3 as directed by the Borrower.

 

(c)             The
Refinancing Facility Agreement shall set forth, with respect to the Refinancing Term Loan Commitments established thereby and
the Refinancing Term Loans to be made thereunder, to the extent applicable, the following terms thereof: (i) the designation
of such Refinancing Term Loan Commitments and Refinancing Term Loans as a new “Facility” for all purposes hereof (provided
that with the consent of the Administrative Agent, any Refinancing Term Loan Commitments and Refinancing Term Loans may be
treated as a single “Facility” with any then-outstanding existing Commitments or Loans), (ii) the stated termination
and maturity dates applicable to such Refinancing Term Loan Commitments or Refinancing Term Loans, provided that (A) such
stated termination and maturity dates shall not be earlier than the Maturity Date applicable to the Facility of Term Loans so
refinanced and (B) any Refinancing Term Loans shall not have a weighted average life to maturity shorter than the Facility
of Term Loans so refinanced, (iii) any amortization applicable thereto and the effect thereon of any prepayment of such Refinancing
Term Loans, (iv) the interest rate or rates applicable to such Refinancing Term Loans, (v) the fees applicable to such
Refinancing Term Loan Commitments or Refinancing Term Loans, (vi) any original issue discount applicable thereto, (vii) the
initial Interest Period or Interest Periods applicable to such Refinancing Term Loans, (viii) any voluntary or mandatory
prepayment requirements applicable to such Refinancing Term Loans and any restrictions on the voluntary or mandatory prepayments
of such Refinancing Term Loans; provided that no Refinancing Term Loans may be voluntarily prepaid for so long as there
are Loans outstanding under the Facility from which such Refinancing Term Loans were refinanced (such Facility, the “Original
Facility”) unless such payment is made on a ratable basis among the Lenders holding such Refinancing Term Loans and
the Lenders under the Original Facility, based on the relative amounts of the Loans under such Facilities, and (ix) whether
the Refinancing Term Loans are secured, unsecured, subordinated or guaranteed; provided that, any Refinancing Term Loans
(1) shall rank on a pari passu basis or junior basis in right of payment to the Initial Term Loans outstanding hereunder,
(2) if secured, shall be (A) subject to a customary intercreditor agreement reasonably satisfactory to the Administrative
Agent and Borrower, (B) secured only by any assets that constitute Collateral and (C) secured by such assets on a pari
passu basis or junior basis with the Initial Term Loans outstanding hereunder and (3) if guaranteed, shall not be guaranteed
by any entities other than the Subsidiary Guarantors. Except as contemplated by the preceding sentence, the mandatory prepayment
and redemption terms, covenants and events of default of the Refinancing Term Loan Commitments and Refinancing Term Loans of a
Facility shall either be (x) not materially more favorable, taken as a whole (as conclusively determined by the Borrower
in good faith) to the lenders providing such Refinancing Term Loan Commitments or Refinancing Term Loans, as applicable, than
those terms (taken as a whole) applicable to the Original Facility (except to the extent such terms apply solely to any period
after the Latest Maturity Date or are applied for the benefit of the Term Loans then outstanding) or (y) reflect market terms
and conditions at the time of incurrence or issuance, as conclusively determined by the Borrower in good faith.

 

    69

     

    

 

(d)          The
Administrative Agent shall promptly notify each Lender as to the effectiveness of each Refinancing Facility Agreement. Each Refinancing
Facility Agreement may, without the consent of any Lender other than the applicable Refinancing Term Lenders, 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, to give effect to the provisions of this Section 2.27, including any amendments necessary to treat the applicable
Refinancing Term Loan Commitments and Refinancing Term Loans as a new Facility of commitments and/or loans hereunder (and the
Lenders hereby irrevocably authorize the Administrative Agent to enter into any such amendments). This Section 2.27 shall
supersede any provisions in Section 2.17 or Section 10.1 to the contrary.

 

SECTION 3.[RESERVED]

 

SECTION 4.REPRESENTATIONS
AND WARRANTIES

 

To induce the Administrative
Agent and the Lenders to enter into this Agreement and to make the Loans, the Borrower hereby represents and warrants to the Administrative
Agent and each Lender (it being agreed that on the Closing Date, only the Specified Representations shall be made) that:

 

4.1         Financial
Condition. (a) The unaudited pro forma consolidated balance sheet and related pro forma consolidated statement of income
of the Borrower and its consolidated Restricted Subsidiaries as of and for the 12 months ended September 30, 2020 (the “Pro
Forma Financial Statements”), copies of which have heretofore been furnished to the Administrative Agent, have been
prepared giving effect (as if such events had occurred on such date (in the case of the balance sheet) or at the beginning of
such period (in the case of the statement of income)) to the consummation of the Transactions and the payment of fees and expenses
in connection therewith. The Pro Forma Financial Statements have been prepared in good faith and are based on assumptions believed
by the Borrower to be reasonable as of the date of delivery thereof, and present fairly in all material respects on a pro forma
basis the estimated financial condition and results of operations of Borrower and its consolidated Restricted Subsidiaries as
of and for the 12 months ended at September 30, 2020, assuming that the events specified in the preceding sentence had actually
occurred at such date or at the beginning of such period, as applicable.

 

(b)            The
audited consolidated balance sheet of the Borrower and its consolidated Restricted Subsidiaries as at December 31, 2019,
and the related consolidated statements of income, stockholders’ equity and cash flows for the fiscal year ended on such
date, reported on by and accompanied by an unqualified report from Ernst & Young LLP, present fairly, in all material
respects, the consolidated financial condition of the Borrower and its consolidated Restricted Subsidiaries (prior to giving effect
to the consummation of the Transactions) as at such date, and the consolidated results of its operations and its consolidated
cash flows for the fiscal year then ended. The unaudited consolidated balance sheet of the Borrower and its consolidated Restricted
Subsidiaries as at March 31, 2020, June 30, 2020 and September 30, 2020, and the related unaudited consolidated
statements of income, stockholders’ equity and cash flow for the three-month periods ended on such dates, present fairly,
in all material respects, the consolidated financial condition of the Borrower and its consolidated Restricted Subsidiaries (prior
to giving effect to the consummation of the Transactions) as at such dates, and the consolidated results of its operations and
its consolidated cash flow for the three-month periods then ended (subject to normal year-end audit adjustments and the absence
of footnotes). All such financial statements, including the related schedules and notes thereto, have been prepared in accordance
with GAAP applied consistently throughout the periods involved (except as approved by the aforementioned firm of accountants and
disclosed therein), except that the interim financial statements are subject to year-end adjustments and the absence of footnotes.

 

    70

     

    

 

4.2          No
Change. Since December 31, 2019, there has been no development or event that has had or would reasonably be expected
to have a Material Adverse Effect.

 

4.3         Existence;
Compliance with Law. Each Group Member (a) is duly organized or formed, validly existing and in good standing under the
laws of the jurisdiction of its organization, (b) has the corporate or similar organizational power and authority, and 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, (c) is duly qualified as a foreign corporation or other organization and 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, except where the failure to be so qualified and in good standing would not, in the aggregate, reasonably be expected
to have a Material Adverse Effect and (d) is in compliance with all Requirements of Law except to the extent that the failure
to comply therewith would not, in the aggregate, reasonably be expected to have a Material Adverse Effect.

 

4.4         Power;
Authorization; Enforceable Obligations. (a) Each Loan Party has the corporate or similar organizational power and authority,
and the legal right, to make, deliver and perform the Loan Documents to which it is a party and, in the case of the Borrower,
to obtain extensions of credit hereunder. Each Loan Party has taken all necessary corporate or similar organizational action to
authorize the execution, delivery and performance of the Loan Documents to which it is a party and, in the case of the Borrower,
to authorize the extensions of credit on the terms and conditions of this Agreement. Each Loan Document has been duly executed
and delivered on behalf of each Loan Party party thereto. This Agreement constitutes, and each other Loan Document upon execution
will constitute, a legal, valid and binding obligation of each Loan Party party thereto, enforceable against each such Loan Party
in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium
or similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles (whether enforcement
is sought by proceedings in equity or at law).

 

(b)            No
consent or authorization of, filing with, notice to or other act by or in respect of, any Governmental Authority or any other
Person is required in connection with the extensions of credit hereunder or with the execution, delivery, performance, validity
or enforceability of this Agreement or any of the Loan Documents, except (i) consents, authorizations, filings and notices
that have been obtained or made and are in full force and effect, (ii) the filings referred to in Section 4.19, (iii) filings
with the SEC that may be required to be made following the execution and delivery hereof in connection herewith and (iv) immaterial
consents, authorizations, filings and notices.

 

4.5         No
Legal Bar. The execution, delivery and performance of this Agreement and the other Loan Documents, the borrowings hereunder
and the use of the proceeds thereof will not violate any Requirement of Law or any Contractual Obligation of any Group Member,
except (other than with respect to such Group Member’s Organizational Documents) for violations that would not reasonably
be expected to have a Material Adverse Effect, and will not result in, or require, the creation or imposition of any Lien on any
of their respective properties or revenues pursuant to any Requirement of Law or any such Contractual Obligation (other than the
Liens created by the Security Documents and other Permitted Liens).

 

4.6          Litigation.
No litigation, investigation or proceeding of or before any arbitrator or Governmental Authority is pending or, to the knowledge
of the Borrower, threatened by or against any Group Member or against any of their respective properties or revenues that would
reasonably be expected to have a Material Adverse Effect.

 

    71

     

    

 

4.7          No
Default. No Group Member is in default under or with respect to any of its Contractual Obligations in any respect that would
reasonably be expected to have a Material Adverse Effect. No Default or Event of Default has occurred and is continuing.

 

4.8          Ownership
of Property; Liens. Each Group Member has title in fee simple to, or a valid leasehold interest in, all its real property,
and good title to, or a valid leasehold interest in, all its other property (except where the failure to have such title would
not reasonably be expected to have a Material Adverse Effect), and none of such property is subject to any Lien except as permitted
by Section 7.3.

 

4.9         Intellectual
Property. Except as would not reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect,
(i) each Group Member owns or otherwise has a valid right to use all Intellectual Property material to the conduct of its
business as currently conducted, free and clear of all Liens, except as permitted by Section 7.3, and any such Intellectual
Property that is owned by any Group Member and registered with any Governmental Authority is subsisting, unexpired and, to the
knowledge of each Group Member, valid and enforceable; (ii) the use thereof and the conduct of the business of each of the
Group Members does not infringe upon or otherwise violate the rights of any Person; and (iii) no Group Member has, within
the past three years, received any material written claim in which any Person challenged the use of any Intellectual Property
by any Group Member, or the validity or effectiveness of any Intellectual Property owned by any Loan Party, nor does the Borrower
know of any valid basis for any such material claim.

 

4.10         Taxes.
Each Group Member has filed or caused to be filed all federal, state and other material Tax returns that are required to be filed
and has paid all Taxes shown to be due and payable on said returns or on any assessments made against it or any of its property
and all other Taxes, fees or other charges imposed on it or any of its property by any Governmental Authority (other than (i) the
amount or validity of which are currently being contested in good faith by appropriate proceedings and with respect to which reserves
in conformity with GAAP have been provided on the books of the relevant Group Member, or (ii) to the extent that the failure
to file or pay, individually or in the aggregate, would not reasonably be expected to have a Material Adverse Effect).

 

4.11         Federal
Regulations. No part of the proceeds of any Borrowing hereunder will be used for “buying” or “carrying”
any Margin Stock within the respective meanings of each of the quoted terms under Regulation U as now and from time to time hereafter
in effect except in compliance with the provisions of the regulations of the Board.

 

4.12         Labor
Matters. Except as, in the aggregate, would not reasonably be expected to have a Material Adverse Effect: (a) there are
no strikes or other labor disputes against any Group Member pending or, to the knowledge of the Borrower, threatened; (b) hours
worked by and payment made to employees of each Group Member have not been in violation of the Fair Labor Standards Act or any
other applicable Requirement of Law dealing with such matters; and (c) all payments due from any Group Member on account
of employee health and welfare insurance have been paid or accrued as a liability on the books of the relevant Group Member.

 

    72

     

    

 

4.13         ERISA.
Except as would not reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect: (a) each
Group Member and each of their respective ERISA Affiliates (and in the case of a Pension Plan or a Multiemployer Plan, each of
their respective ERISA Affiliates) are in compliance with all applicable provisions and requirements of ERISA and the Code and
other federal and state laws and the regulations and published interpretations thereunder with respect to each Plan and Pension
Plan and have performed all their obligations under each Plan and Pension Plan; (b) no ERISA Event or Foreign Plan Event
has occurred or is reasonably expected to occur, and no ERISA Affiliate is aware of any fact, event or circumstance that could
reasonably be expected to constitute or result in an ERISA Event; (c) each Plan or Pension Plan which is intended to qualify
under Section 401(a) of the Code has received a favorable determination letter from the IRS indicating that such Plan
or Pension Plan is so qualified and the trust related thereto has been determined by the Internal Revenue Service to be exempt
from federal income tax under Section 501(a) of the Code or an application for such a determination is currently pending
before the Internal Revenue Service and, to the knowledge of the Borrower, nothing has occurred subsequent to the issuance of
the most recent determination letter which would cause such Plan or Pension Plan to lose its qualified status; (d) no liability
to the PBGC (other than required premium payments), the IRS, any Plan or Pension Plan or any trust established under Title IV
of ERISA has been or is expected to be incurred by any Group Member or any of their ERISA Affiliates; (e) each of the Group
Members’ ERISA Affiliates has complied with the requirements of Section 515 of ERISA with respect to each Multiemployer
Plan and is not in “default” (as defined in Section 4219(c)(5) of ERISA) with respect to payments to a Multiemployer
Plan; (f) all amounts required by applicable law with respect to, or by the terms of, any retiree welfare benefit arrangement
maintained by any Group Member or any ERISA Affiliate or to which any Group Member or any ERISA Affiliate has an obligation to
contribute have been accrued in accordance with ASC Topic 715-60; (g) as of the most recent valuation date for each Multiemployer
Plan for which the actuarial report is available, no Group Member nor any of their respective ERISA Affiliates has any potential
liability for a complete withdrawal from such Multiemployer Plan (within the meaning of Section 4203 of ERISA), when aggregated
with such potential liability for a complete withdrawal from all Multiemployer Plans, based on information available pursuant
to Section 4221(e) of ERISA; (h) there has been no Prohibited Transaction or violation of the fiduciary responsibility
rules with respect to any Plan or Pension Plan that has resulted or would reasonably be expected to result in a Material
Adverse Effect; and (i) neither any Group Member nor any ERISA Affiliate maintains or contributes to, or has any unsatisfied
obligation to contribute to, or liability under, any active or terminated Pension Plan other than (i) on the Closing Date,
those listed on Schedule 4.13 hereto and (ii) thereafter, Pension Plans not otherwise prohibited by this Agreement. The present
value of all accumulated benefit obligations under each Pension Plan, did not, as of the close of its most recent plan year, exceed
by more than $10,000,000 the fair market value of the assets of such Pension Plan allocable to such accrued benefits (determined
in both cases using the applicable assumptions under Section 430 of the Code and the Treasury Regulations promulgated thereunder),
and the present value of all accumulated benefit obligations of all underfunded Pension Plans did not, as of the date of the most
recent financial statements reflecting such amounts, exceed by more than $10,000,000 the fair market value of the assets of all
such underfunded Pension Plans (determined in both cases using the applicable assumptions under Section 430 of the Code and
the Treasury Regulations promulgated thereunder).

 

4.14         Investment
Company Act; Other Regulations. No Loan Party is an “investment company” within the meaning of the Investment
Company Act of 1940, as amended.

 

4.15         Subsidiaries;
Capital Stock. As of the Closing Date and after giving effect to the Transactions, (a) Schedule 4.15 sets forth the name
and jurisdiction of incorporation of each Subsidiary and, as to each such Subsidiary, the percentage of each class of Capital
Stock owned by any Loan Party and (b) there are no outstanding subscriptions, options, warrants, calls, rights or other agreements
or commitments (other than stock options and restricted stock units granted to employees or directors and directors’ qualifying
shares) of any nature relating to any Capital Stock of any Restricted Subsidiary, except (i) with respect to Capital Stock
of Loan Parties, as created by the Loan Documents or the ABL Loan Documents (or any security documents in respect of Permitted
Refinancing Indebtedness of the ABL Loans) and (ii) otherwise, as permitted by this Agreement.

 

4.16         Use
of Proceeds. The proceeds of the Initial Term Loans will be used by the Borrower (a) to pay, directly or indirectly,
the consideration for the Acima Acquisition, (b) for the Debt Repayment and (c) to pay costs and expenses in respect
of the Transactions, and any such proceeds remaining thereafter will be used for general corporate purposes. The proceeds of any
Incremental Term Loans shall be used for general corporate purposes (including Restricted Payments, Permitted Acquisitions, other
Investments and other uses not prohibited by this Agreement).

 

    73

     

    

 

4.17          Environmental
Matters. Except as, individually or in the aggregate, would not reasonably be expected to have a Material Adverse Effect:

 

(a)            Materials
of Environmental Concern are not present at, on, under, in, or about any real property now or formerly owned, leased or operated
by any Group Member or at any other location (including any location to which Materials of Environmental Concern have been sent
for re-use or recycling or for treatment, storage, or disposal), in amounts or concentrations or under circumstances that constitute
a violation of, or would reasonably be expected to give rise to liability on the part of any Group Member under, any Environmental
Law;

 

(b)           no
Group Member has received or is aware of any notice of violation, alleged violation, non-compliance, liability or potential liability
under or relating to any Environmental Law, nor does the Borrower have knowledge or reason to believe that any such notice will
be received or is being threatened;

 

(c)             no
judicial, arbitral, governmental or administrative litigation, disclosed-investigation, or similar proceeding is pending or, to
the knowledge of the Borrower, threatened, under any Environmental Law to which any Group Member is or will be named as a party,
nor has any Group Member entered into or agreed to any settlements, consent decrees or other decrees, consent orders, administrative
orders or other orders, or other administrative or judicial agreements relating to compliance with or liability under any Environmental
Law that have not been fully and finally resolved;

 

(d)          each
Group Member is in compliance, and within the period of all applicable statutes of limitation has been in compliance, with all
applicable Environmental Laws; and

 

(e)             no
Group Member has assumed or retained, by or as a result of any contract or other agreement, any liability of any other Person
under Environmental Laws or with respect to any Material of Environmental Concern.

 

4.18         Accuracy
of Information, etc. As of the Closing Date, all written information (other than projections, pro forma financial information,
financial estimates, forecasts, forward-looking information and information of a general or economic nature) furnished by or on
behalf of any Loan Party to the Administrative Agent or the Lenders, or any of them, for use in connection with the transactions
contemplated by this Agreement or the other Loan Documents, did not (taken as a whole) contain, as of the date such statements,
information, documents or certificates were so furnished, any untrue statement of a material fact or omit to state a material
fact necessary to make the statements contained therein (taken as a whole) not materially misleading in light of the circumstances
so made. The projections and pro forma financial information contained in the materials referenced above are, as of the
Closing Date, based upon good faith estimates and assumptions believed by management of the Borrower to be reasonable at the time
made, it being recognized by the Lenders that such projections and financial information as they relate to future events are not
to be viewed as fact and that actual results during the period or periods covered by such financial information may differ from
the projected results set forth therein and such difference may be material.

 

    74

     

    

 

4.19         Security
Documents. The Guarantee and Collateral Agreement is effective to create in favor of the Administrative Agent, for the benefit
of the Secured Parties, a legal, valid and enforceable security interest in the Collateral described therein and the proceeds
thereof. In the case of the Pledged Collateral (as defined in the Guarantee and Collateral Agreement), when such Pledged Collateral
is delivered to the Administrative Agent (together with a properly completed and signed undated endorsement) and in the case of
the other Collateral described in the Guarantee and Collateral Agreement that can be perfected by the filing of a financing statement
or other filing, when financing statements and other filings specified on Schedule 4.19 in appropriate form are filed in the offices
specified on Schedule 4.19, the Administrative Agent will have, for the benefit of the Secured Parties, a fully perfected Lien
on, and security interest in, all right, title and interest of the Loan Parties in such Collateral and the proceeds thereof, as
security for the Obligations (as defined in the Guarantee and Collateral Agreement), in each case prior and superior in right
to the Lien of any other Person (except Liens permitted by Section 7.3).

 

4.20         Solvency.
As of the Closing Date and after giving effect to the Transactions, the Borrower and its Restricted Subsidiaries, on a consolidated
basis, are Solvent.

 

4.21         Senior
Indebtedness. The Obligations, and the obligations of each Subsidiary Guarantor under the Guarantee and Collateral Agreement,
constitute “senior debt” or “senior indebtedness” (or any comparable term) under all Indebtedness that
is subordinated or required to be subordinated in right of payment to the Obligations (if applicable).

 

4.22          [Reserved].

 

4.23         Anti-Corruption
Laws, Anti-Money Laundering and Sanctions. The Borrower has implemented and maintains in effect policies and procedures designed
to ensure compliance by the Borrower, its Subsidiaries and their respective directors, officers, employees and agents with Anti-Corruption
Laws and applicable Sanctions, and the Borrower, its Subsidiaries and their respective officers and directors and to the knowledge
of the Borrower its employees and agents, are in compliance with Anti-Corruption Laws and applicable Sanctions in all material
respects. Neither the Borrower nor any Subsidiary of the Borrower, nor, to their knowledge, any of their respective directors,
officers, or employees, is a Sanctioned Person. No Borrowing or the use of proceeds thereof or other transaction contemplated
by this Agreement will violate any Anti-Corruption Law or applicable Sanctions.

 

4.24          Affected
Financial Institutions. No Loan Party is an Affected Financial Institution.

 

SECTION 5.     CONDITIONS
PRECEDENT

 

5.1           Conditions
to Initial Extension of Credit. The agreement of each Lender to make the initial extension of credit requested to be made
by it is subject to the satisfaction, prior to or concurrently with the making of such extension of credit on the Closing Date,
of the following conditions precedent:

 

(a)           Loan
Documents. The Administrative Agent shall have received (i) this Agreement, executed and delivered by the Borrower, (ii) the
Guarantee and Collateral Agreement, executed and delivered by the Borrower and each Subsidiary Guarantor and (iii) the ABL/Fixed
Asset Intercreditor Agreement, executed and delivered by the Borrower and each Subsidiary Guarantor.

 

(b)            Target
Acquisition. The Acima Acquisition shall have been consummated, or substantially simultaneously with the initial funding of
the Loans hereunder shall be consummated, in all material respects in accordance with the terms of the Acquisition Agreement,
and the Acquisition Agreement shall not have been altered, amended or otherwise changed or supplemented or any provision waived
or any consent given thereunder, in each case, in any respect that would be materially adverse to the Lenders or the Arrangers
without the prior written consent of the Arrangers, such consent not to be unreasonably withheld, delayed or conditioned; provided
that (i) any decrease in the purchase price shall not be deemed to be materially adverse to the Lenders or the Arrangers
so long as such reduction of the purchase price is allocated to a reduction in the amounts to be funded under the Unsecured Notes
until zero and then allocated to a reduction in the amounts to be funded under the Initial Term Loans and does not exceed 15%
of the purchase price, (ii) any increase in the purchase price shall not be materially adverse to the Lenders so long as
such increase is funded by equity or internally generated cash of the Borrower and (iii) any amendment, waiver or consent
with respect to Section 3.8(b) of the Acquisition Agreement or any defined terms as used therein shall be deemed to
be materially adverse to the Lenders and the Arrangers.

 

    75

     

    

 

(c)            Pro
Forma Financial Statements; Financial Statements. Each Arranger shall have received (i) the Pro Forma Financial Statements,
(ii) (a) audited consolidated financial statements for the Borrower and its Subsidiaries (prior to giving effect to the
Transactions) for the three most recent fiscal years ended at least 90 days before the Closing Date, provided that the Arrangers
acknowledge that they have received the audited consolidated financial statements for the fiscal years ended December 31,
2017, December 31, 2018 and December 31, 2019, and (b) unaudited consolidated financial statements for the Borrower
and its Subsidiaries (prior to giving effect to the Transactions) for each fiscal quarter (other than the fourth fiscal quarter)
ended after the date of the most recent balance sheet delivered pursuant to clause (ii)(a) above and at least 45 days before
the Closing Date (and, in the case of each of clauses (ii)(a) and (ii)(b), such financial statements shall be prepared in
conformity with GAAP; provided that such financial statements specified in clause (ii)(b) shall be subject to year-end adjustments
and absence of footnotes), provided that the Arrangers acknowledge that the financial statements delivered with respect to the
fiscal quarters ended March 31, 2020, June 30, 2020 and September 30, 2020 have been received, and (iii) (a) audited
consolidated balance sheets and related statements of income, stockholders’ equity and cash flows and related notes thereto
of the Acquired Business for the two fiscal years most recently ended at least 90 days prior to the Closing Date, provided that
the Arrangers acknowledge that they have received the audited consolidated balance sheets and related statements of income, stockholders’
equity and cash flows and related notes thereto for the fiscal years ended December 31, 2018 and December 31, 2019, and
(b) unaudited consolidated balance sheets and related statements of income, cash flows and related notes thereto of the Acquired
Business for each subsequent fiscal quarter (excluding the fourth quarter of any fiscal year) ended at least 45 days prior to the
Closing Date in each case, with comparative financial information for the equivalent period of the prior year (and, in the case
of each of clauses (iii)(a) and (iii)(b), such financial statements are prepared in accordance with GAAP; provided that such
financial statements specified in clause (iii)(b) shall be subject to year-end adjustments and absence of footnotes), provided
that the Arrangers acknowledge that the financial statements of the Acquired Business delivered with respect to the fiscal quarters
ended March 31, 2020, June 30, 2020 and September 30, 2020 have been received.

 

(d)            [Reserved].

 

(e)            Fees.
All costs, fees and expenses required to be paid or reimbursed by the Borrower to the Administrative Agent, the Arrangers and the
Lenders in connection with this Agreement (including the reasonable and documented fees and expenses of legal counsel to the Administrative
Agent) and all costs, fees and expenses required to be paid or reimbursed by the Borrower pursuant to the letter agreements entered
into with any Arranger shall have been paid or shall have been authorized to be deducted from the proceeds of the initial extensions
of credit under this Agreement to the extent due and invoiced to the Borrower at least three Business Days prior to the date hereof.

 

(f)            Officer’s
Certificate; Good Standing Certificates. The Administrative Agent shall have received (i) a certificate of each Loan Party,
dated the Closing Date, substantially in the form of Exhibit C, with appropriate insertions and attachments, including (A) the
certificate of incorporation, in the case of a Loan Party that is a corporation, and certificate of formation, in the case of a
Loan Party that is a limited liability company, in each case, certified by the relevant authority of the jurisdiction of organization
of such Loan Party as of a recent date, (B) the bylaws, in the case of a Loan Party that is a corporation, and limited liability
company agreement or operating agreement, in the case of a Loan Party that is a limited liability company, certified as of the
Closing Date by its secretary, an assistant secretary or a Responsible Officer as being in full force and effect without modification
or amendment, (C) resolutions of the governing bodies of each Loan Party approving and authorizing the execution, delivery
and performance of Loan Documents to which it is a party, certified as of the Closing Date by its secretary, an assistant secretary
or a Responsible Officer as being in full force and effect without modification or amendment and (D) signature and incumbency
certificates of the Responsible Officers of each Loan Party executing the Loan Documents to which it is a party, and (ii) a
long form good standing certificate for each Loan Party from its jurisdiction of organization.

 

    76

     

    

 

(g)            Legal
Opinions. The Administrative Agent shall have received the executed legal opinions of Sullivan & Cromwell LLP, New
York counsel to the Borrower and its Restricted Subsidiaries and certain other local counsel to the Borrower and its Restricted
Subsidiaries, as reasonably requested by the Administrative Agent, each in form and substance reasonably acceptable to the Administrative
Agent.

 

(h)            Pledged
Stock; Stock Powers; Pledged Notes. Subject to the last paragraph of this Section 5.1 and to Section 6.9, the Administrative
Agent shall have received (i) the certificates (if any) representing the shares of Capital Stock pledged pursuant to the Guarantee
and Collateral Agreement, together with an undated endorsement for each such certificate executed in blank by a duly authorized
officer of the pledgor thereof and (ii) each promissory note (if any) pledged to the Administrative Agent pursuant to the
Guarantee and Collateral Agreement endorsed (without recourse) in blank (or accompanied by an executed transfer form in blank)
by the pledgor thereof.

 

(i)             Filings,
Registrations and Recordings. Subject to the last paragraph of this Section 5.1 and to Section 6.9, each document
(including any Uniform Commercial Code financing statement) required by the Security Documents or under law or reasonably requested
by the Administrative Agent to be filed, registered or recorded in order to create in favor of the Administrative Agent, for the
benefit of the Secured Parties, a perfected Lien on the Collateral described therein, prior and superior in right to any other
Person (other than with respect to Liens expressly permitted by Section 7.3), shall be in proper form for filing, registration
or recordation.

 

(j)             Officer’s
Certificate. The Administrative Agent shall have received a certificate of the Borrower, dated the Closing Date certifying
that the condition in Section 5.1(o) has been met.

 

(k)            Solvency
Certificate. The Administrative Agent shall have received a solvency certificate from a Responsible Officer in the form of
Exhibit L.

 

(l)             Patriot
Act. The Administrative Agent shall have received, at least three Business Days prior to the Closing Date, all documentation
and other customary information about any Loan Party to the extent reasonable and customary and requested by the Administrative
Agent in writing at least 10 Business Days prior to the Closing Date that is reasonably required by United States bank regulatory
authorities under applicable “know your customer”, beneficial ownership and anti-money laundering rules and regulations,
including the Patriot Act.

 

(m)           ABL
Indebtedness. No more than $200,000,000 of Indebtedness (excluding undrawn and cash collateralized letters of credit) shall
be outstanding under the ABL Credit Agreement on the Closing Date after giving effect to the Transactions.

 

    77

     

    

 

(n)            Debt
Repayment/Funded Debt. The Debt Repayment shall have occurred, or substantially simultaneously
with the initial funding of the Loans hereunder shall occur, and immediately following consummation of the Transactions, neither
the Borrower nor any of the Restricted Subsidiaries shall have any outstanding Indebtedness other than Indebtedness outstanding
under this Agreement and other Indebtedness permitted pursuant to this Agreement.

 

(o)            Representations
and Warranties. The Specified Acquisition Agreement Representations with respect to the Acima Acquisition shall be true and
correct in all respects to the extent required by the definition thereof and the Specified Representations shall be true and correct
in all material respects on and as of the Closing Date (except in the case of any Specified Representation which expressly relates
to a given date or period, such representation and warranty shall be true and correct in all material respects as of the respective
date or for the respective period, as the case may be); provided that to the extent that any Specified Representation is
qualified by or subject to a “material adverse effect”, “material adverse change” or similar term or qualification,
(i) the definition thereof shall be the definition of “Company Material Adverse Effect” (as defined in the Acquisition
Agreement) for purposes of the making or deemed making of such Specified Representation on, or as of, the Closing Date (or any
date prior thereto) and (ii) the same shall be true and correct in all respects.

 

For the purpose of determining
compliance with the conditions specified in this Section 5.1, each Lender that has signed this Agreement shall be deemed to
have accepted, and to be satisfied with, each document or other matter required under this Section 5.1 unless the Administrative
Agent shall have received written notice from such Lender prior to the proposed Closing Date specifying its objection thereto.

 

Notwithstanding the foregoing,
(i) the terms of the agreements, documents, certificates, opinions and other items deliverable pursuant to clause (a) and
clauses (f) through (k) above, in each case, shall be in a form such that they do not impair the availability of the
Initial Term Loans on the Closing Date if the other conditions expressly set forth in this Section 5.1 have been satisfied
or waived and (ii) to the extent that any security interest in the Collateral (other than (x) the delivery of certificates
evidencing equity interests for the Subsidiary Guarantors (other than, in the case of the Acquired Business, with respect to any
such certificate that has not been made available to the Borrower at least three Business Days prior to the Closing Date, to the
extent the Borrower has used commercially reasonable efforts to procure delivery thereof) or (y) any Collateral the security
interest in which may be perfected by the filing of a UCC financing statement for entities organized in the United States) is not
or cannot be granted, provided or perfected on the Closing Date after the Borrower’s use of commercially reasonable efforts
to do so or without undue burden or expense, then the provision and/or perfection of security interests in such Collateral shall
not constitute a condition precedent to this Agreement or any extension of credit on the Closing Date, but shall be required to
be granted, delivered and/or perfected as required pursuant to Section 6.9.

 

5.2           Conditions
to Each Extension of Credit. The agreement of each Lender to make any extension of credit requested to be made by it on any
date (subject to Section 2.24 and other than (i) any extension of credit on the Closing Date and (ii) any continuation
or conversion of Loans outstanding hereunder) is subject to the satisfaction of the following conditions precedent:

 

(a)            Representations
and Warranties. Each of the representations and warranties made by any Loan Party in or pursuant to the Loan Documents shall
be true and correct in all material respects (or in all respects if qualified by materiality) on and as of such date as if made
on and as of such date, except to the extent expressly made as of an earlier date, in which case such representations and warranties
shall have been so true and correct as of such earlier date.

 

(b)            No
Default. 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.

 

    78

     

    

 

Each borrowing by the
Borrower hereunder (other than the borrowing on the Closing Date) shall constitute a representation and warranty by the Borrower
as of the date of such extension of credit that the conditions contained in this Section 5.2 have been satisfied.

 

SECTION 6. AFFIRMATIVE
COVENANTS

 

The Borrower hereby agrees
that, so long as the Commitments remain in effect or any Loan or other amount is owing to any Lender or the Administrative Agent
hereunder (other than contingent obligations and expense reimbursement not yet due and payable), the Borrower shall and, in the
case of Sections 6.3 through 6.8 and 6.10, shall cause each of its Restricted Subsidiaries to and, in the case of Section 6.12,
shall cause each of its Domestic Subsidiaries to:

 

6.1           Financial
Statements. Furnish to the Administrative Agent, on behalf of each Lender:

 

(a)            as
soon as available, but in any event within 90 days after the end of each fiscal year of the Borrower, a copy of the audited consolidated
balance sheet of the Borrower and its consolidated Subsidiaries as at the end of such year and the related audited consolidated
statements of income, stockholders’ equity and cash flows for such year (together with, in all cases, customary management
discussion and analysis), setting forth in each case in comparative form the figures for the previous year, reported on without
a “going concern” or like qualification or exception (other than any qualification or exception that is expressed solely
with respect to, or resulting solely from, (i) an upcoming maturity date under any Indebtedness or (ii) any actual or
potential inability to satisfy a financial maintenance covenant at such time or on a future date or in a future period), or qualification
arising out of the scope of the audit, by Ernst & Young LLP or other independent certified public accountants of nationally
recognized standing;

 

(b)            as
soon as available, but in any event not later than 45 days after the end of each of the first three quarterly periods of each fiscal
year of the Borrower, the unaudited consolidated balance sheet of the Borrower and its consolidated Subsidiaries as at the end
of such quarter and the related unaudited consolidated statements of income, stockholders’ equity and cash flows for such
quarter and/or the portion of the fiscal year through the end of such quarter (together with, in all cases, customary management
discussion and analysis), setting forth in each case in comparative form the figures for the corresponding period or periods of
the previous fiscal year (or, in the case of the balance sheet, as of the end of the previous fiscal year), certified by a Responsible
Officer as being fairly stated in all material respects (subject to normal year-end audit adjustments and the absence of footnotes);
and

 

(c)            if
any Unrestricted Subsidiary exists, concurrently with each delivery of financial statements under clause (a) or (b) above,
financial statements (in substantially the same form as the financial statements delivered pursuant to clauses (a) and (b) above,
as applicable) prepared on the basis of consolidating the accounts of the Borrower and its Restricted Subsidiaries and treating
any Unrestricted Subsidiaries as if they were not consolidated with the Borrower, together with an explanation of reconciliation
adjustments in reasonable detail.

 

All such financial statements shall be
complete and correct in all material respects and shall be prepared in reasonable detail and in accordance with GAAP applied (except
as approved by such accountants or officer, as the case may be, and disclosed in reasonable detail therein) consistently throughout
the periods reflected therein and with prior periods.

 

    79

     

    

 

Documents required to
be delivered pursuant to Section 6.1(a), (b) or (c) or Section 6.2(b), (c) or (e) may be delivered
electronically and if so delivered, shall be deemed to have been delivered on the date on which (i) such documents are posted
on the Borrower’s behalf on IntraLinks/IntraAgency or another relevant Internet or intranet website, if any, to which each
Lender and the Administrative Agent have access (whether a commercial, third-party website or whether sponsored by the Administrative
Agent) or (ii) such documents are filed of record with the SEC; provided that, upon written request by the Administrative
Agent, the Borrower shall deliver paper copies of such documents to the Administrative Agent for further distribution to each Lender
until a written request to cease delivering paper copies is given by the Administrative Agent. The Administrative Agent shall have
no obligation to request the delivery of or to maintain or deliver to Lenders paper copies of the documents referred to above,
and in any event shall have no responsibility to monitor compliance by the Borrower with any such request for delivery, and each
Lender shall be solely responsible for timely accessing posted documents or requesting delivery of paper copies of such documents
from the Administrative Agent and maintaining its copies of such documents.

 

6.2           Certificates;
Other Information. Furnish to the Administrative Agent, on behalf of each Lender:

 

(a)            [reserved];

 

(b)            concurrently
with the delivery of any financial statements pursuant to Sections 6.1(a) and 6.1(b), (i) a Compliance Certificate executed
by a Responsible Officer, which Compliance Certificate shall include a statement that such Responsible Officer has obtained no
knowledge of any Default or Event of Default except as specified in such certificate, (ii) in the case of annual financial
statements beginning with the fiscal year ended December 31, 2022, a calculation of Excess Cash Flow and (iii) in the
case of quarterly or annual financial statements, to the extent not previously disclosed to the Administrative Agent, a description
of any change in the jurisdiction of organization of any Loan Party;

 

(c)            as
soon as available, and in any event no later than 90 days after the end of each fiscal year of the Borrower, a detailed consolidated
budget for the following fiscal year (including a projected consolidated balance sheet of the Borrower and its Restricted Subsidiaries
as of the end of the following fiscal year, the related consolidated statements of projected cash flow and projected income and
a description of the underlying assumptions applicable thereto) (collectively, the “Projections”), which Projections
shall in each case be accompanied by a certificate of a Responsible Officer stating that such Projections are based on reasonable
estimates, information and assumptions at the time made, it being understood that such Projections as they relate to future events
are not to be viewed as fact and that actual results during the period or periods covered by such Projections may differ from the
projected results set forth therein and such difference may be material;

 

(d)            [Reserved];

 

(e)            promptly
after the same are sent, copies of all financial statements and reports that the Borrower sends to the holders of any class of
its public debt securities or public equity securities and, promptly after the same are filed, copies of all financial statements
and reports that the Borrower may make to, or file with, the SEC;

 

(f)            promptly
following receipt thereof, copies of (i) any documents described in Section 101(k) or 101(l) of ERISA that
any Group Member or any ERISA Affiliate may request with respect to any Multiemployer Plan or any documents described in Section 101(f) of
ERISA that any Group Member or any ERISA Affiliate may request with respect to any Pension Plan; provided, that if the relevant
Group Members or ERISA Affiliates have not requested such documents or notices from the administrator or sponsor of the applicable
Multiemployer Plans, then, upon reasonable request of the Administrative Agent, such Group Member or the ERISA Affiliate shall
promptly make a request for such documents or notices from such administrator or sponsor and the Borrower shall provide copies
of such documents and notices to the Administrative Agent promptly after receipt thereof; and

 

    80

     

    

 

(g)            promptly,
such (x) additional financial and other customary information as the Administrative Agent (or any Lender 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”, beneficial ownership and anti-money
laundering rules and regulations, including the Patriot Act.

 

6.3           Payment
of Taxes. Pay, discharge or otherwise satisfy as they become due or before they become delinquent, as the case may be, all
its material obligations in respect of Taxes, except where (a) the amount or validity thereof is currently being contested
in good faith by appropriate proceedings and reserves to the extent required by GAAP with respect thereto have been provided on
the books of the relevant Group Member or (b) the failure to make such payments, individually or in the aggregate, would
not reasonably be expected to have a Material Adverse Effect.

 

6.4           Maintenance
of Existence; Compliance. (a)  (i) Preserve, renew and keep in full force and effect its organizational existence
and (ii) take all reasonable action to maintain all rights, privileges and franchises necessary in the normal conduct of
its business, except, in each case, as otherwise permitted by Section 7.4 and except, in the case of clause (ii) above,
to the extent that failure to do so would not reasonably be expected to have a Material Adverse Effect; (b) comply with all
Requirements of Law except to the extent that failure to comply therewith would not, in the aggregate, reasonably be expected
to have a Material Adverse Effect; and (c) maintain in effect and enforce policies and procedures designed to ensure material
compliance by the Borrower, its Subsidiaries and their respective directors, officers, employees and agents with Anti-Corruption
Laws and applicable Sanctions.

 

6.5           Maintenance
of Insurance. (a)  Maintain, with financially sound and reputable insurance companies (after giving effect to self-insurance),
insurance in such amounts and against such risks as are customarily maintained by companies engaged in the same or similar businesses
operating in the same or similar locations and (b) use commercially reasonable efforts to cause all insurance policies or
certificates, as requested by the Administrative Agent, to be endorsed to the benefit of the Administrative Agent (including by
naming the Administrative Agent as lender loss payee and/or additional insured).

 

6.6           Inspection
of Property; Books and Records; Discussions. (a)  Keep proper books of records and account in which full, true and correct
(in all material respects) entries in conformity with GAAP (other than for Foreign Subsidiaries, in which case the applicable
accounting standard shall be the accounting standard used in such Foreign Subsidiary’s jurisdiction) and all Requirements
of Law shall be made of all dealings and transactions in relation to its business and activities and (b) upon reasonable
prior notice and subject to the provisions of Section 10.15, permit representatives of the Administrative Agent or any Lender
to visit and inspect any of its properties and examine and make abstracts from any of its books and records at any reasonable
time and as often as may reasonably be desired and to discuss the business, operations, properties and financial and other condition
of the Group Members with officers and employees of the Group Members and, accompanied by one or more officers or designees of
the Borrower if requested by the Borrower, with their independent certified public accountants; provided that excluding
any such visits and inspections during the continuation of an Event of Default (x) only the Administrative Agent, acting
individually or on behalf of the Lenders may exercise rights under this Section 6.6(b) and (y) the Administrative
Agent shall not exercise rights under this Section 6.6(b) more often than one time during any calendar year.

 

    81

     

    

 

6.7           Notices.
Promptly give notice to the Administrative Agent, on behalf of each Lender, of:

 

(a)            the
occurrence of any Default or Event of Default;

 

(b)            any
litigation, investigation or proceeding that may exist at any time between any Group Member and any Governmental Authority that,
in each case, has a reasonable probability of not being cured or of being adversely determined and that, if not cured or if adversely
determined, as the case may be, would reasonably be expected to have a Material Adverse Effect;

 

(c)            any
litigation or proceeding affecting the Borrower or any of its Restricted Subsidiaries in which injunctive or similar relief is
sought which has a reasonable probability of being determined adversely and if adversely determined would reasonably be expected
to be granted and which, if granted, would reasonably be expected to have a Material Adverse Effect;

 

(d)            (i) as
soon as reasonably possible upon becoming aware of the occurrence of or forthcoming occurrence of any material ERISA Event, a written
notice specifying the nature thereof, what action the Borrower, any of the other Group Members or any of their respective ERISA
Affiliates has taken, is taking or proposes to take with respect thereto and, when known, any action taken or threatened by the
IRS, the Department of Labor or the PBGC with respect thereto; and (ii) with reasonable promptness, upon the Administrative
Agent’s reasonable request, copies of (A) each Schedule SB (Actuarial Information) to the annual report (Form 5500
Series) filed by the Borrower, any of the other Group Members or any of their respective ERISA Affiliates with the IRS with respect
to each Pension Plan; (B) all notices received by the Borrower, any of the other Group Members or any of their respective
ERISA Affiliates from a Multiemployer Plan sponsor concerning a material ERISA Event; and (C) copies of such other documents
or governmental reports or filings relating to any Plan or Pension Plan as the Administrative Agent shall reasonably request; and

 

(e)            any
other development or event that has had or would reasonably be expected to have a Material Adverse Effect.

 

Each notice pursuant to this Section 6.7
shall be accompanied by a statement of a Responsible Officer setting forth details of the occurrence referred to therein and stating
what action the relevant Group Member proposes to take with respect thereto.

 

6.8           Environmental
Laws. (a)  Comply with, and ensure compliance by all tenants, subtenants, contractors, subcontractors, and invitees,
if any, with, all applicable Environmental Laws, and obtain and comply with and maintain, and ensure that all tenants, subtenants,
contractors, subcontractors, and invitees obtain and comply with and maintain, any and all Environmental Permits (with respect
to tenants, subtenants, contractors, and invitees, the foregoing applies to their presence and conduct on, affecting or relating
to any property of the Borrower or any of its Restricted Subsidiaries). It being understood that any noncompliance with this Section 6.8(a) shall
be deemed not to constitute a breach of this covenant; provided that, upon learning of any actual or suspected noncompliance,
the Borrower shall promptly undertake all reasonable efforts to achieve compliance; and provided further that, in any case,
such noncompliance, and any other noncompliance with Environmental Law, individually or in the aggregate, would not reasonably
be expected to have a Material Adverse Effect.

 

(b)            Promptly
comply with all orders and directives of all Governmental Authorities regarding Environmental Laws, other than such orders and
directives as to which an appeal has been timely and properly taken in good faith, and provided that the pendency of any
and all such appeals would not reasonably be expected to give rise to a Material Adverse Effect.

 

    82

     

    

 

6.9           Post-Closing
Actions. To the extent that in accordance with the last paragraph of Section 5.1, any security interest in the Collateral
is not granted, provided or perfected on the Closing Date, then (a) with respect to any certificate evidencing Capital Stock
of the Acquired Business that was not made available to the Borrower at least three Business Days prior to the Closing Date, such
certificate (together with an undated endorsement for such certificate executed in blank by a duly authorized officer of the pledgor
thereof) shall be delivered to the Administrative Agent within 10 Business Days after the Closing Date (or such later date as
the Administrative Agent may agree, such consent not to be unreasonably withheld, conditioned or delayed) and (b) with respect
to any other Collateral, the provision and/or perfection of security interests in such Collateral shall be granted, delivered
and/or perfected within 90 days after the Closing Date (in each case, subject to extensions to be reasonably agreed upon by the
Administrative Agent).

 

6.10         Additional
Collateral, etc. (a)  With respect to any property acquired after the Closing Date by any Loan Party (other than
(A) any property described in paragraph (b) or (c) below, (B) any property subject to a Lien expressly permitted
by Section 7.3(g), (C) so long as the ABL Obligations Payment Date has not occurred, any ABL Priority Collateral as
to which the ABL Representative determines, in its reasonable discretion and in consultation with the Borrower, that the cost
of obtaining a security interest therein is excessive in relation to the value of the security to be afforded thereby, (D) any
property (or, so long as the ABL Obligations Payment Date has not occurred, any property other than ABL Priority Collateral) as
to which the Administrative Agent determines, in its reasonable discretion and in consultation with the Borrower, that the cost
of obtaining a security interest therein is excessive in relation to the value of the security to be afforded thereby, (E) any
property that is Excluded Property (as defined in the Guarantee and Collateral Agreement) and (F) any real property) as to
which the Administrative Agent, for the benefit of the Secured Parties, does not have a perfected Lien, promptly (i) execute
and deliver to the Administrative Agent such amendments to the Guarantee and Collateral Agreement or such other documents as the
Administrative Agent deems necessary or reasonably advisable to grant to the Administrative Agent, for the benefit of the Secured
Parties, a security interest in such property and (ii) take all actions necessary or reasonably advisable to grant to the
Administrative Agent, for the benefit of the Secured Parties, a perfected security interest in any such property (with the priority
required by the Intercreditor Agreements), including the filing of Uniform Commercial Code financing statements in such jurisdictions
as may be required by the Guarantee and Collateral Agreement or by law or as may be reasonably requested by the Administrative
Agent.

 

(b)            With
respect to any new Domestic Subsidiary (other than any Excluded Subsidiary) created or acquired after the Closing Date by any Loan
Party (which, for the purposes of this paragraph (c), shall include (1) any existing Subsidiary that becomes a Domestic Subsidiary
that is not an Excluded Subsidiary and (2) any existing Domestic Subsidiary that ceases to be an Excluded Subsidiary), within
30 days after the creation or acquisition of such new Domestic Subsidiary (or such later date as the Administrative Agent shall
agree to in its reasonable discretion) (i) execute and deliver to the Administrative Agent such amendments to the Guarantee
and Collateral Agreement as the Administrative Agent deems necessary or reasonably advisable to grant to the Administrative Agent,
for the benefit of the Secured Parties, a perfected first priority security interest in the Capital Stock of such new Subsidiary
that is owned by any Loan Party, (ii) deliver to the Administrative Agent the certificates, if any, representing such Capital
Stock, together with undated endorsements, in blank, executed and delivered by a duly authorized officer of the relevant Loan Party
and (iii) cause such new Subsidiary (A) to become a party to the Guarantee and Collateral Agreement, (B) to take
such actions necessary or reasonably advisable to grant to the Administrative Agent for the benefit of the Secured Parties a perfected
security interest with the priority required by the Intercreditor Agreements in the Collateral described in the Guarantee and Collateral
Agreement with respect to such new Subsidiary, including the filing of Uniform Commercial Code financing statements in such jurisdictions
as may be required by the Guarantee and Collateral Agreement or by law or as may be reasonably requested by the Administrative
Agent and (C) to deliver to the Administrative Agent a certificate of such Subsidiary, substantially in the form of Exhibit C,
with appropriate insertions and attachments.

 

    83

     

    

 

(c)            With
respect to any new CFC Holding Company or Foreign Subsidiary created or acquired after the Closing Date by any Loan Party (which,
for the purposes of this paragraph (c) shall include any existing Subsidiary that becomes a CFC Holding Company or a Foreign
Subsidiary), within 60 days after the creation or acquisition of such new CFC Holding Company or Foreign Subsidiary (or such later
date as the Administrative Agent shall agree to in its reasonable discretion) (i) execute and deliver to the Administrative
Agent such amendments to the Guarantee and Collateral Agreement as the Administrative Agent deems necessary or reasonably advisable
to grant to the Administrative Agent, for the benefit of the Secured Parties, a perfected first priority security interest in the
Capital Stock of such CFC Holding Company or Foreign Subsidiary that is owned by any such Loan Party (provided that in no
event shall more than 65% of the total outstanding voting Capital Stock of any such CFC Holding Company or Foreign Subsidiary be
required to be so pledged) and (ii) deliver to the Administrative Agent the certificates, if any, representing such pledged
Capital Stock, together with undated stock powers, in blank, executed and delivered by a duly authorized officer of the relevant
Loan Party, and take such other action as the Administrative Agent deems necessary or reasonably advisable to perfect the Administrative
Agent’s security interest therein.

 

6.11         Designation
of Subsidiaries. The Borrower may at any time after the Closing Date designate any Restricted Subsidiary as an Unrestricted
Subsidiary or any Unrestricted Subsidiary as a Restricted Subsidiary by delivering to the Administrative Agent a certificate of
a Responsible Officer specifying such designation and certifying that the conditions to such designation set forth in this Section 6.11
are satisfied; provided that:

 

(a)            both
immediately before and immediately after any such designation, no Event of Default shall have occurred and be continuing;

 

(b)            in
the case of a designation of a Restricted Subsidiary as an Unrestricted Subsidiary, the pro forma Consolidated Leverage Ratio for
the Applicable Reference Period, calculated on a Pro Forma Basis, is no greater than 3.00 to 1.00;

 

(c)            in
the case of a designation of a Restricted Subsidiary as an Unrestricted Subsidiary, each Subsidiary of such Subsidiary has been,
or concurrently therewith will be, designated as an Unrestricted Subsidiary in accordance with this Section 6.11;

 

(d)            in
the case of a designation of a Restricted Subsidiary as an Unrestricted Subsidiary, such Subsidiary shall substantially simultaneously
be designated as an “Unrestricted Subsidiary” under the ABL Credit Agreement and the Unsecured Notes Indenture (and,
to the extent applicable, any other agreement governing Permitted Refinancing Indebtedness in respect of the ABL Loans or the Unsecured
Notes) and in the case of a designation of an Unrestricted Subsidiary as a Restricted Subsidiary, such Subsidiary shall substantially
simultaneously be designated as a “Restricted Subsidiary” under the ABL Credit Agreement and the Unsecured Notes Indenture
(and, to the extent applicable, any other agreement governing Permitted Refinancing Indebtedness in respect of the ABL Loans or
the Unsecured Notes).

 

The designation of any Restricted Subsidiary
as an Unrestricted Subsidiary shall constitute an Investment by the Borrower in such Subsidiary on the date of designation in an
amount equal to the fair market value of the Borrower’s Investment therein (as determined reasonably and in good faith by
a Responsible Officer). The designation of any Unrestricted Subsidiary as a Restricted Subsidiary shall constitute the incurrence
at the time of designation of any Investment, Indebtedness or Liens of such Subsidiary existing at such time.

 

    84

     

    

 

6.12         Maintenance
of Ratings. Use commercially reasonable efforts to obtain and maintain (i) a public corporate family rating of the Borrower
and a rating of the Facilities, in each case from Moody’s, and (ii) a public corporate credit rating of the Borrower
and a rating of the Facilities, in each case from S&P (it being understood and agreed that “commercially reasonable
efforts” shall in any event include the payment by the Borrower of customary rating agency fees and cooperation with reasonable
information and data requests by Moody’s and S&P in connection with their ratings process), it being agreed that there
is no obligation to maintain any particular ratings at any time.

 

SECTION 7. NEGATIVE
COVENANTS

 

The Borrower hereby agrees
that, so long as the Commitments remain in effect or any Loan or other amount is owing to any Lender or the Administrative Agent
hereunder (other than contingent obligations and expense reimbursement not yet due and payable), the Borrower shall not, and shall
not permit any of its Restricted Subsidiaries to, directly or indirectly:

 

7.1           [Reserved].

 

7.2           Indebtedness.
Create, issue, incur, assume, become liable in respect of or suffer to exist any Indebtedness, except:

 

(a)            Indebtedness
of any Loan Party under this Agreement (including Indebtedness in respect of any Incremental Term Facility and any Refinancing
Term Loans) and any Permitted Refinancing Indebtedness in respect of the Term Loans (any such Permitted Refinancing Indebtedness,
the “Term Loan Refinancing Indebtedness”); provided that (i) such Term Loan Refinancing Indebtedness,
if secured, is secured only by the Collateral on a pari passu or junior basis with the Obligations under this Agreement (provided
that the Term Loan Refinancing Indebtedness shall not consist of syndicated term loans that are secured on a pari passu basis with
the Obligations under this Agreement), (ii) no Person, other than a Loan Party, shall be an obligor or guarantor with respect
to any Term Loan Refinancing Indebtedness, (iii) such Term Loan Refinancing Indebtedness shall share ratably or less than
ratably with (or, if junior in right of payment, on a junior basis with respect to) any prepayments or repayments of the Initial
Term Loans (and Incremental Term Loans, if applicable) and (iv) such Term Loan Refinancing Indebtedness, if secured, shall
be subject to customary intercreditor arrangements reasonably satisfactory to the Administrative Agent;

 

(b)            (i) Indebtedness
of the Loan Parties under the ABL Credit Agreement in an aggregate outstanding amount not to exceed (x) $700,000,000 or (y) an
unlimited amount so long as after giving effect to the incurrence of such Indebtedness under this clause (b), the Consolidated
Priority Leverage Ratio for the Applicable Reference Period, calculated on a Pro Forma Basis as of the date of incurrence of such
Indebtedness, is equal to or less than 1.00 to 1.00 and (ii) any Permitted Refinancing Indebtedness in respect thereof;

 

(c)            Indebtedness
of the Borrower or any Restricted Subsidiary owing to the Borrower or any Restricted Subsidiary; provided that (i) any
Indebtedness of any Loan Party shall be unsecured and shall be subordinated in right of payment to the Obligations on terms customary
for intercompany subordinated Indebtedness, as reasonably determined by the Administrative Agent and (ii) any such Indebtedness
owing by any Restricted Subsidiary that is not a Loan Party to any Loan Party shall be incurred in compliance with Section 7.7;

 

(d)            Guarantee
Obligations incurred by any Group Member of obligations of any Group Member to the extent such obligations are not prohibited hereunder;
provided that (i) to the extent any such obligations are subordinated to the Obligations, any such related Guarantee
Obligations incurred by a Loan Party shall be subordinated to the guarantee of such Loan Party of the Obligations on terms no less
favorable to the Lenders than the subordination provisions of the obligations to which such Guarantee Obligation relates and (ii) any
Guarantee Obligations incurred by any Loan Party of obligations of a Restricted Subsidiary that is not a Loan Party shall be permitted
to the extent the aggregate amount of outstanding Guarantee Obligations incurred pursuant to this clause (ii) does not exceed
$25,000,000;

 

    85

     

    

 

(e)            Indebtedness
outstanding on the Closing Date (provided that Indebtedness in an aggregate principal amount in excess of $5,000,000 shall
be listed on Schedule 7.2(e)) and any Permitted Refinancing Indebtedness in respect thereof;

 

(f)            Indebtedness
of any Group Member incurred to finance the acquisition of fixed or capital assets (and any Permitted Refinancing Indebtedness
in respect thereof) in an aggregate principal amount not to exceed $25,000,000 at any time outstanding;

 

(g)            Indebtedness
representing deferred compensation to employees, officers or directors of the Borrower and its Restricted Subsidiaries incurred
in the ordinary course of business;

 

(h)            Indebtedness
incurred in the ordinary course of business and owed in respect of any overdrafts and related liabilities arising from treasury,
depository and cash management services or in connection with any automated clearing-house transfers of funds;

 

(i)            Indebtedness
arising under any Swap Agreement permitted by Section 7.11;

 

(j)            Indebtedness
(other than for borrowed money) that may be deemed to exist pursuant to any guarantees, warranty or contractual service obligations,
performance, surety, statutory, appeal, bid, prepayment guarantee, payment (other than payment of Indebtedness) or completion of
performance guarantees or similar obligations incurred in the ordinary course of business;

 

(k)            Indebtedness
in respect of workers’ compensation claims, payment obligations in connection with health, disability or other types of social
security benefits, unemployment or other insurance obligations, reclamation and statutory obligations, in each case in the ordinary
course of business;

 

(l)            Indebtedness
arising from the honoring by a bank or other financial institution of a check, draft or similar instrument drawn against insufficient
funds, so long as such Indebtedness is covered or extinguished within five Business Days;

 

(m)            Indebtedness
consisting of (i) the financing of insurance premiums or self-insurance obligations or (ii) take-or-pay obligations contained
in supply or similar agreements in each case in the ordinary course of business;

 

(n)            Indebtedness
in the form of purchase price adjustments (including in respect of working capital), earnouts, deferred compensation, indemnification
or other arrangements representing acquisition consideration or deferred payments of a similar nature incurred in connection with
the Acima Acquisition, any Permitted Acquisitions or other Investments permitted under Section 7.7 or Dispositions permitted
under Section 7.5;

 

    86

     

    

 

(o)            (i) Indebtedness
of any Person that becomes a Restricted Subsidiary (or of any Person not previously a Restricted Subsidiary that is merged or consolidated
with or into the Borrower or a Restricted Subsidiary in a transaction permitted hereunder) after the Closing Date, or Indebtedness
of any Person that is assumed by the Borrower or any Restricted Subsidiary in connection with an acquisition of assets by the Borrower
or such Restricted Subsidiary in a Permitted Acquisition; provided that such Indebtedness exists at the time such Person
becomes a Restricted Subsidiary (or is so merged or consolidated) or such assets are acquired and is not created in contemplation
of or in connection with such Person becoming a Restricted Subsidiary (or such merger or consolidation) or such assets or Capital
Stock being acquired and (ii) Permitted Refinancing Indebtedness in respect of such Indebtedness; provided that after
giving effect to the applicable acquisition (or merger or consolidation) or such assumption of Indebtedness, the Consolidated Leverage
Ratio for the Applicable Reference Period, calculated on a Pro Forma Basis as of the date of such acquisition (or merger or consolidation)
or assumption, is equal to or less than either (A) 3.00 to 1.00 or (B) the Consolidated Leverage Ratio for the Applicable
Reference Period, calculated on a Pro Forma Basis immediately prior to such acquisition (or merger or consolidation) or assumption;
provided further that the aggregate principal amount of Indebtedness of Subsidiaries that are not Loan Parties outstanding
under this Section 7.2(o) shall not exceed $20,000,000;

 

(p)            Guarantee
Obligations of the Borrower or any Restricted Subsidiary in respect of Indebtedness of franchisees in an aggregate amount not to
exceed $25,000,000 at any time outstanding;

 

(q)            Indebtedness
of the Borrower and any Restricted Subsidiary to the Insurance Subsidiary in an aggregate principal amount not to exceed $75,000,000
at any time outstanding that cannot be subordinated to the obligations of any Loan Party under the Loan Documents for regulatory
reasons or would cause the carrying value for regulatory valuation purposes to be increased;

 

(r)            Indebtedness
of the Insurance Subsidiary permitted by Section 7.7(y)(i);

 

(s)            Indebtedness
permitted to survive the Closing Date under the terms of the Acquisition Agreement Date (provided that Indebtedness in an
aggregate principal amount in excess of $2,500,000 shall be listed on Schedule 7.2(s)) and any Permitted Refinancing Indebtedness
in respect thereof;

 

(t)            Incremental
Equivalent Debt and Permitted Refinancing Indebtedness in respect thereof; provided that (i) immediately prior to and
immediately after giving effect to the incurrence of any Permitted Unsecured Indebtedness under this Section 7.2(t), no Default
or Event of Default shall have occurred and be continuing, (ii) the aggregate amount of Incremental Term Loan Commitments
established pursuant to Section 2.24 on any date, together with the aggregate principal amount of Incremental Equivalent Debt
incurred under this Section 7.2(t) on such date, shall not exceed an amount equal to the Available Incremental Amount
and (iii) any Incremental Equivalent Debt (or any Permitted Refinancing Indebtedness in respect thereof) incurred on or prior
to the six-month anniversary of the Closing Date and consisting of loans that are secured on a pari passu basis with the Initial
Term Facility shall be subject to the MFN Provision as if such Indebtedness were an Incremental Term Facility;

 

(u)            (i) Permitted
Unsecured Indebtedness so long as, at the time of incurrence of such Permitted Unsecured Indebtedness, the Consolidated Leverage
Ratio for the Applicable Reference Period, calculated on a Pro Forma Basis as of the date of incurrence thereof, is equal to or
less than either (A) 2.75 to 1.00 or (B) in the case of any such Indebtedness incurred in connection with a Permitted
Acquisition or Investment, the Consolidated Leverage Ratio for the Applicable Reference Period, calculated on a Pro Forma Basis
immediately prior to incurrence of such Permitted Unsecured Indebtedness; provided that (A) immediately prior to and
immediately after giving effect to the incurrence of any Permitted Unsecured Indebtedness under this Section 7.2(u), no Default
or Event of Default shall have occurred and be continuing and (B) the aggregate principal amount of Permitted Unsecured Indebtedness
of Restricted Subsidiaries that are not Loan Parties outstanding under this Section 7.2(u) shall not exceed $20,000,000
and (ii) any Permitted Refinancing Indebtedness in respect thereof;

 

    87

     

    

 

(v)            (i) Indebtedness
incurred by any Securitization Subsidiary in connection with any Qualified Securitization Transaction and (ii) Standard Securitization
Undertakings incurred by any Group Member in connection with any Qualified Securitization Transaction;

 

(w)            additional
Indebtedness of the Borrower or any of its Restricted Subsidiaries in an aggregate principal amount (for the Borrower and all Restricted
Subsidiaries) not to exceed at any time outstanding the greater of (i) $250,000,000 and (ii) 50% of Consolidated EBITDA
(for the Applicable Reference Period);

 

(x)            Attributable
Indebtedness in an aggregate principal amount not to exceed $15,000,000 at any time outstanding, in each case which Attributable
Indebtedness arises out of a sale and leaseback transaction permitted under Section 7.10;

 

(y)            Indebtedness
of any Loan Party in an aggregate principal amount not to exceed the Net Cash Proceeds (Not Otherwise Applied) received after the
Closing Date and on or prior to such date from any issuance of Qualified Capital Stock by the Borrower (other than any such issuance
to a Group Member);

 

(z)            Guarantee
Obligations incurred by any Group Member of obligations of any Joint Venture or Unrestricted Subsidiary to the extent permitted
under Section 7.7(v);

 

(aa)          Indebtedness
of the Borrower to the Insurance Subsidiary in connection with an Investment that is permitted pursuant to Section 7.7(bb);
and

 

(bb)          the
Unsecured Notes in an aggregate principal amount not to exceed $450,000,000 and any Permitted Refinancing Indebtedness in respect
thereof.

 

For purposes of determining
compliance with this ‎Section 7.2, in the event that an item of Indebtedness meets the criteria of more than one of the
categories of Indebtedness described in clauses ‎(a) through ‎(bb) above, the Borrower may, in its sole discretion,
divide or classify or later divide, classify or reclassify all or a portion of such item of Indebtedness in a manner that complies
with this Section 7.2 and will only be required to include the amount and type of such Indebtedness in one or more of the
above clauses; provided that all Indebtedness outstanding under the Loan Documents and the ABL Credit Agreement and, in
each case, any Permitted Refinancing Indebtedness in respect thereof, will at all times be deemed to be outstanding in reliance
only on the exception in ‎Section 7.2(a) and Section 7.2(b), respectively.

 

For the avoidance of doubt, a permitted
refinancing in respect of Indebtedness incurred pursuant to a Dollar-denominated or Consolidated EBITDA-governed basket shall not
increase capacity to incur Indebtedness under such Dollar-denominated or Consolidated EBITDA-governed basket, and such Dollar-denominated
or Consolidated EBITDA-governed basket shall be deemed to continue to be utilized by the amount of the original Indebtedness incurred
unless and until the Indebtedness incurred to effect such permitted refinancing is no longer outstanding.

 

7.3           Liens.
Create, incur, assume or suffer to exist any Lien upon any of its property, whether now owned or hereafter acquired, except:

 

(a)            Liens
for Taxes, assessments or other government charges or levies not yet due or that are being contested in good faith by appropriate
proceedings; provided that adequate reserves with respect thereto are maintained on the books of the Borrower or its Restricted
Subsidiaries, as the case may be, to the extent required by GAAP;

 

    88

     

    

 

(b)            carriers’,
warehousemen’s, mechanics’, materialmen’s, repairmen’s or other like Liens arising in the ordinary course
of business that are not overdue for a period of more than 60 days or that are being contested in good faith by appropriate proceedings;

 

(c)             pledges
or deposits in connection with workers’ compensation, unemployment insurance and other social security legislation;

 

(d)            pledges
or deposits to secure the performance of bids, supplier and other trade contracts (other than for borrowed money), leases, statutory
obligations (other than for borrowed money), leases, statutory obligations (other than any such obligation imposed pursuant to
Section 430(k) of the Code or Sections 303(k) or 4068 of ERISA), surety and appeal bonds, performance bonds and
other obligations of a like nature incurred in the ordinary course of business;

 

(e)            [reserved];

 

(f)             Liens
in existence on the Closing Date (provided that Liens securing any Indebtedness in an aggregate principal amount in excess
of $5,000,000 shall be listed on Schedule 7.3(f)), securing Indebtedness permitted by Section 7.2(e); provided that
no such Lien is spread to cover any additional property after the Closing Date and that the amount of Indebtedness secured thereby
is not increased (other than, in the case of Permitted Refinancing Indebtedness, by any Additional Permitted Amount);

 

(g)            Liens
securing Indebtedness of any Group Member incurred pursuant to Section 7.2(f); provided that (i) such Liens shall
be created within 180 days of the acquisition of such fixed or capital assets and (ii) such Liens do not at any time encumber
any property other than the property financed by such Indebtedness and the proceeds and products and extensions thereof; provided
further that in the event that purchase money obligations are owed to any Person with respect to financing of more than one
purchase of any fixed or capital assets, such Liens may secure all such purchase money obligations and may apply to all such fixed
or capital assets financed by such Person;

 

(h)            (i) Liens
on the Collateral created pursuant to the Security Documents (or any Term Loan Security Documents (as defined in the ABL/Fixed
Asset Intercreditor Agreement)), (ii) Liens on cash granted in favor of any lender under the ABL Credit Agreement or the Issuing
Lender (as defined in the ABL Credit Agreement) created as a result of any requirement to provide cash collateral pursuant to the
ABL Credit Agreement and (iii) subject to the ABL/Fixed Asset Intercreditor Agreement (or any replacement intercreditor agreement
reasonably satisfactory to the Administrative Agent), Liens on the Collateral created pursuant to the ABL Security Documents (or
any ABL Security Documents (as defined in the ABL/Fixed Asset Intercreditor Agreement));

 

(i)             any
interest or title of a lessor under any lease entered into by any Group Member in the ordinary course of its business and covering
only the assets so leased;

 

(j)             Liens
solely on any cash earnest money deposits made by the Borrower or any Restricted Subsidiary in connection with any letter of intent
or purchase agreement relating to a Permitted Acquisition or other third party Investment;

 

(k)            Liens
in favor of any Loan Party so long as (in the case of any Lien granted by a Loan Party) such Liens are junior to the Liens created
pursuant to the Security Documents;

 

    89

     

    

 

(l)             Liens
arising from filing Uniform Commercial Code or personal property security financing statements (or substantially equivalent filings
outside of the United States) regarding leases;

 

(m)           any
option or other agreement to purchase any asset of any Group Member, the purchase, sale or other disposition of which is not prohibited
by Section 7.5;

 

(n)            Liens
arising from the rendering of an interim or final judgment or order against any Group Member that does not give rise to an Event
of Default;

 

(o)            Liens
existing on any asset prior to the acquisition thereof by the Borrower or any Restricted Subsidiary or existing on any asset of
any Person that becomes a Restricted Subsidiary (or of any Person not previously a Restricted Subsidiary that is merged or consolidated
with or into a Restricted Subsidiary in a transaction permitted hereunder) after the Closing Date prior to the time such Person
becomes a Restricted Subsidiary (or is so merged or consolidated) to the extent the Liens on such assets secure Indebtedness permitted
by Section 7.2(o) so long as (i) in the case of first priority Liens, the Consolidated Senior Secured Leverage Ratio
for the Applicable Reference Period, calculated on a Pro Forma Basis as of the date of such acquisition or such Person becoming
a Restricted Subsidiary (or such merger or consolidation), is equal to or less than either (A) 2.00 to 1.00 or (B) the
Consolidated Senior Secured Leverage Ratio for the Applicable Reference Period, calculated on a Pro Forma Basis immediately prior
to giving pro forma effect to such acquisition or such Person becoming a Restricted Subsidiary (or such merger or consolidation)
and (ii) in the case of junior-priority Liens, the Consolidated Secured Leverage Ratio for the Applicable Reference Period,
calculated on a Pro Forma Basis as of the date of such acquisition or such Person becoming a Restricted Subsidiary (or such merger
or consolidation), is equal to or less than either (A) 2.00 to 1.00 or (B) the Consolidated Secured Leverage Ratio for
the Applicable Reference Period, calculated on a Pro Forma Basis immediately prior to giving pro forma effect to such acquisition
or such Person becoming a Restricted Subsidiary (or such merger or consolidation); provided that (i) such Liens are
not created in contemplation of or in connection with such acquisition or such Person becoming a Restricted Subsidiary (or such
merger or consolidation) and (ii) such Liens attach at all times only to the same assets or category of assets that such Liens
(other than after acquired property that is affixed or incorporated into the property covered by such Lien) attached to, and secure
only the same Indebtedness or obligations (or any Permitted Refinancing Indebtedness in respect thereof permitted by Section 7.2(o))
that such Liens secured, immediately prior to such permitted acquisition;

 

(p)            Liens
arising out of conditional sale, title retention, consignment or similar arrangements for sale of goods entered into by the Borrower
or any other Restricted Subsidiary in the ordinary course of business and permitted by this Agreement;

 

(q)            Liens
on Securitization Assets granted or arising in connection with a Qualified Securitization Transaction and Liens on the Capital
Stock of any Securitization Subsidiary granted to secure a Qualified Securitization Transaction;

 

(r)             Liens
encumbering reasonable and customary initial deposits and margin deposits and similar Liens attaching to brokerage accounts incurred
in the ordinary course of business and not for speculative purposes;

 

(s)            Liens
in favor of customs and revenue authorities arising as a matter of law to secure payment of customs duties in connection with the
importation of goods in the ordinary course of business;

 

    90

     

    

 

(t)            Liens
on premium refunds granted in favor of insurance companies (or their financing affiliates) in connection with the financing of
insurance premiums;

 

(u)            banker’s
liens, rights of setoff or similar rights and remedies as to deposit accounts or other funds maintained with depository institutions
and securities accounts and other financial assets maintained with a securities intermediary; provided that such deposit
accounts or funds and securities accounts or other financial assets are not established or deposited for the purpose of providing
collateral for any Indebtedness and are not subject to restrictions on access by the Borrower or any Restricted Subsidiary in excess
of those required by applicable banking regulations;

 

(v)            Liens
(i) on cash advances in favor of the seller of any property to be acquired in an Investment permitted pursuant to Section 7.7
to be applied against the purchase price for such Investment or (ii) consisting of an agreement to dispose of any property
in a Disposition permitted by Section 7.5, in each case, solely to the extent such Investment or Disposition, as the case
may be, would have been permitted on the date of the creation of such Lien;

 

(w)            Liens
on assets of Restricted Subsidiaries that are not Loan Parties so long as the aggregate outstanding principal amount of the obligations
secured thereby does not exceed (as to all Group Members) $50,000,000;

 

(x)            Liens
on the Collateral securing (i) Incremental Equivalent Debt permitted under Section 7.2(t) on a pari passu or junior
basis with the Liens on the Collateral securing the Obligations and (ii) any Permitted Refinancing Indebtedness in respect
thereof; provided that the Liens on the Collateral securing Incremental Equivalent Debt or any such Permitted Refinancing
Indebtedness shall be subject to the Intercreditor Agreements or such other intercreditor agreement in form and substance reasonably
satisfactory to the Administrative Agent;

 

(y)            Liens
on the Collateral securing (i) Term Loan Refinancing Indebtedness permitted under Section 7.2(a) on a pari passu
or junior basis with the Liens on the Collateral securing the Obligations and (ii) any Permitted Refinancing Indebtedness
in respect thereof on a pari passu or junior basis with the Liens on the Collateral securing the Obligations; provided that
the Liens on the Collateral securing Term Loan Refinancing Indebtedness or any such Permitted Refinancing Indebtedness shall be
subject to the Intercreditor Agreements or such other intercreditor agreement in form and substance reasonably satisfactory to
the Administrative Agent;

 

(z)            Liens
not otherwise permitted by this Section 7.3 so long as the aggregate outstanding principal amount of the obligations secured
thereby does not exceed (as to all Group Members) $50,000,000;

 

(aa)          Liens
on property purportedly rented to, or leased by, the Borrower or any of its Restricted Subsidiaries pursuant to a sale and leaseback
transaction permitted under Section 7.10; provided that (i) such Liens do not encumber any other property of the
Borrower or its Restricted Subsidiaries and (ii) such Liens secure only Indebtedness permitted under Section 7.2(x);

 

(bb)         Liens
in favor of the applicable trustee on amounts deposited into escrow in connection with the redemption, defeasance or satisfaction
and discharge of bonds, debentures, notes or similar instruments;

 

(cc)          (i) pledges
and deposits and other Liens made in the ordinary course of business in compliance with the Federal Employers Liability Act or
any other workers’ compensation, unemployment insurance and other social security laws or regulations and deposits securing
liability to insurance carriers under insurance or self-insurance arrangements in respect of such obligations and (ii) pledges
and deposits and other Liens securing liability for reimbursement or indemnification obligations of (including obligations in respect
of letters of credit or bank guarantees for the benefit of) insurance carriers providing property, casualty or liability insurance
to any Group Member;

 

    91

     

    

 

(dd)          easements,
trackage rights, leases, licenses, special assessments, rights of way covenants, zoning restrictions, covenants, conditions, restrictions
and declarations on or with respect to the use of real property, servicing agreements, development agreements, site plan agreements,
encumbrances and title defects or irregularities that are of a minor nature that, in each case, do not, in the aggregate, interfere
in any material respect with the ordinary conduct of the business of Borrower or any of the Restricted Subsidiaries;

 

(ee)          Liens
on Capital Stock of any joint venture (i) securing obligations of such joint venture or (ii) pursuant to the relevant
joint venture agreement or arrangement; and

 

(ff)           Liens
securing Indebtedness of any Foreign Subsidiary that is not a Subsidiary Guarantor securing Indebtedness of such Foreign Subsidiary
that is permitted by this Agreement.

 

For purposes of determining compliance
with this Section 7.3, in the event that a Lien securing an item of Indebtedness (or any portion thereof) meets the criteria
for more than one of the categories of Liens described in clauses (a) through (ff) above, the Borrower may, in its sole discretion,
divide or classify or later divide, classify or reclassify all or a portion of such Lien in a manner that complies with this Section 7.3
and will only be required to include the amount and type of such Lien in one or more of the above clauses; provided that
all Liens securing Indebtedness outstanding under the Loan Documents and the ABL Credit Agreement, and, in each case, any Permitted
Refinancing thereof, will at all times be deemed to be outstanding in reliance only on the exception in Section 7.3(h).

 

7.4           Fundamental
Changes. Merge, consolidate or amalgamate, or liquidate, wind up or dissolve itself (or suffer any liquidation or dissolution),
or Dispose of all or substantially all of its property or business (taken as a whole), except that:

 

(a)            any
Restricted Subsidiary of the Borrower may be merged or consolidated with or into the Borrower (provided that the Borrower
shall be the continuing or surviving corporation) or with or into any other Restricted Subsidiary (provided, that when any
Subsidiary Guarantor is merging with or into another Restricted Subsidiary that is not a Subsidiary Guarantor (except as permitted
by Section 7.4(b)), such Subsidiary Guarantor shall be the continuing or surviving corporation or the continuing or surviving
corporation shall, substantially simultaneously with such merger or consolidation, become a Subsidiary Guarantor);

 

(b)            any
Restricted Subsidiary may merge, consolidate or amalgamate with any other Person (other than the Borrower) in order to effect an
Investment permitted pursuant to Section 7.7; provided that if such Restricted Subsidiary is a Subsidiary Guarantor
the continuing or surviving Person shall be a Subsidiary Guarantor;

 

(c)            any
Restricted Subsidiary of the Borrower may Dispose of any or all of its assets (i) to the Borrower or any Subsidiary Guarantor
(upon voluntary liquidation or otherwise) or (ii) pursuant to a Disposition permitted by Section 7.5;

 

(d)            any
Restricted Subsidiary of the Borrower that is not a Subsidiary Guarantor may (i) dispose of any or all or substantially all
of its assets to any Group Member (upon voluntary liquidation or otherwise) or (ii) liquidate or dissolve if the Borrower
determines in good faith that such liquidation or dissolution is in the best interest of the Borrower and is not materially disadvantageous
to the Administrative Agent or the Lenders; and

 

    92

     

    

 

(e)            any
Subsidiary of the Borrower may merge, consolidate or amalgamate with the Borrower in connection with the consummation of the Transactions.

 

7.5           Disposition
of Property. Dispose of any of its property, whether now owned or hereafter acquired, or, in the case of any Restricted Subsidiary,
issue or sell any shares of such Restricted Subsidiary’s Capital Stock to any Person, except:

 

(a)            the
Disposition of surplus, outdated, obsolete or worn out property in the ordinary course of business;

 

(b)            Dispositions
of inventory, equipment, cash and Cash Equivalents, in each case, in the ordinary course of business;

 

(c)            Dispositions
permitted by Section 7.4(c)(i) or Section 7.4(d)(i);

 

(d)            the
sale or issuance of any Restricted Subsidiary’s Capital Stock to the Borrower or any Subsidiary Guarantor or on a pro rata
basis to the owners of its Capital Stock;

 

(e)            Dispositions
of accounts receivable in connection with the compromise, settlement or collection thereof in the ordinary course of business consistent
with past practice and not as part of any accounts receivables financing transaction;

 

(f)             Dispositions
of assets (including as a result of like-kind exchanges) to the extent that (i) such assets are exchanged for credit (on a
fair market value basis) against the purchase price of similar or replacement assets or (ii) such asset is Disposed of for
fair market value and the proceeds of such Disposition are promptly applied to the purchase price of similar or replacement assets;

 

(g)            Dispositions
resulting from any casualty or other insured damage to, or any taking under power of eminent domain or by condemnation or similar
proceeding of, any asset of any Group Member;

 

(h)            licenses
and sublicenses and similar rights granted with respect to Intellectual Property granted in the ordinary course of business;

 

(i)            the
abandonment, cancellation, non-renewal or discontinuance of use or maintenance of non-material Intellectual Property or rights
relating thereto that the Borrower determines in its reasonable judgment to be desirable to the conduct of its business and not
materially disadvantageous to the interests of the Lenders;

 

(j)             licenses,
leases or subleases entered into in the ordinary course of business, to the extent that they do not materially interfere with the
business of the Borrower or any Restricted Subsidiary;

 

(k)            Dispositions
to any Group Member; provided that any such Disposition involving a Restricted Subsidiary that is not a Subsidiary Guarantor
shall be made in compliance with Sections 7.7 and 7.9;

 

    93

     

    

 

(l)             (i) 
Dispositions of assets to the extent that such Disposition constitutes an Investment referred to in and permitted by Section 7.7,
(ii) Dispositions of assets to the extent that such Disposition constitutes a Restricted Payment referred to in and permitted
by Section 7.6, (iii) Dispositions set forth on Schedule 7.5(l) and (iv) sale and leaseback transactions permitted
under Section 7.10;

 

(m)           any
sale, issuance, conveyance, transfer, participation, factoring, lease or other disposition of Securitization Assets in connection
with a Qualified Securitization Transaction;

 

(n)            other
Dispositions of assets (including Capital Stock); provided that (A) it shall be for fair market value (determined as
if such Disposition was consummated on an arm’s-length basis), (B) at least 75% of the total consideration for any such
Disposition in excess of $10,000,000 received by the Borrower and its Restricted Subsidiaries shall be in the form of cash or Cash
Equivalents, (C) no Event of Default then exists or would result from such Disposition (except if such Disposition is made
pursuant to an agreement entered into at a time when no Event of Default exists) and (D) the requirements of Section 2.11(b),
to the extent applicable, are complied with in connection therewith; provided, however, that for purposes of clause
(B) above, the following shall be deemed to be cash: (I) any liabilities (as shown on the Borrower’s or such Restricted
Subsidiary’s most recent balance sheet provided hereunder or in the footnotes thereto) of the Borrower or such Restricted
Subsidiary (other than liabilities that are by their terms subordinated to the Obligations) that are assumed by the transferee
with respect to the applicable Disposition and for which the Borrower and its Restricted Subsidiaries shall have been validly released
by all applicable creditors in writing, (II) any securities received by the Borrower or such Restricted Subsidiary from such
transferee that are converted by the Borrower or such Restricted Subsidiary into cash or Cash Equivalents (to the extent of the
cash or Cash Equivalents received in the conversion) within 180 days following the closing of the applicable Disposition and (III) any
Designated Non-Cash Consideration received by the Borrower or any of its Restricted Subsidiaries in such Disposition having an
aggregate fair market value, taken together with all other Designated Non-Cash Consideration received pursuant to this Section 7.5(n) that
is at that time outstanding, not to exceed $25,000,000 (with the fair market value of each item of Designated Non-Cash Consideration
being measured at the time received and without giving effect to subsequent changes in value);

 

(o)            other
Dispositions in any fiscal year of other property having a fair market value not to exceed 7.5% of Consolidated Total Assets when
made; provided that (i) the requirements of Section 2.11(b), to the extent applicable, are complied with in connection
therewith and (ii) no Event of Default then exists or would result from such Disposition (except if such Disposition is made
pursuant to an agreement entered into at a time when no Event of Default exists);

 

(p)            Dispositions
(i) to or by the Insurance Subsidiary of Capital Stock of the Borrower, (ii) to or by the Insurance Subsidiary of Indebtedness
described in Section 7.2(r) to the Borrower or any Wholly Owned Subsidiary that is a Loan Party and (iii) by the
Insurance Subsidiary effected solely for the purpose of liquidating assets in order to permit the Insurance Subsidiary to pay expenses
and to make payments on insurance claims of the Borrower or any of its Restricted Subsidiaries with the proceeds of such Disposition;

 

(q)            Dispositions
of real property in the ordinary course to the extent such real property is Disposed of for fair market value and the proceeds
of such Disposition are applied within 360 days to the purchase price of similar or replacement real property;

 

(r)            Dispositions
of non-core assets acquired in connection with any acquisition or Investment permitted hereunder; provided that (i) the
Consolidated EBITDA generated by such non-core assets (as determined by the Borrower in good faith) shall not have been included
in the calculation of Consolidated EBITDA in respect of any testing of ratios or governors on a Pro Forma Basis in connection with
such acquisition, and (ii) no Event of Default exists on the date on which the definitive agreement governing the relevant
Disposition is executed; and

 

    94

     

    

 

(s)            Dispositions
of the Mexico Operations for fair market value.

 

7.6           Restricted
Payments. Declare or pay any dividend (other than dividends payable solely in common stock of the Person making such dividend)
on, or make any payment on account of, or set apart assets for a sinking or other analogous fund for, the purchase, redemption,
defeasance, retirement or other acquisition of, any Capital Stock (other than Disqualified Capital Stock) of any Group Member,
whether now or hereafter outstanding, or make any other distribution in respect thereof, either directly or indirectly, whether
in cash or property or in obligations of any Group Member (collectively, “Restricted Payments”), except that:

 

(a)            any
Restricted Subsidiary may make Restricted Payments ratably to its equity holders (or if not ratably, on a basis more favorable
to the Borrower and the other Loan Parties);

 

(b)            the
Borrower may purchase or redeem its common stock or common stock options from present, future or former directors, officers or
employees of any Group Member upon the death, disability or termination of employment of such director, officer or employee, provided,
that the aggregate amount of payments under this Section 7.6(b) after the Closing Date (net of any proceeds received
by the Borrower after the Closing Date in connection with resales of any common stock or common stock options so purchased) shall
not exceed $5,000,000 in any fiscal year (with unused amounts in any period permitted to be carried over to succeeding periods
until used in full; provided that the total amount of such purchases or redemptions under this Section 7.6(b) in
any fiscal year shall not exceed $10,000,000);

 

(c)            the
Borrower may declare and pay dividends with respect to its Capital Stock payable solely in shares of Qualified Capital Stock;

 

(d)            the
Borrower may make cash payments in lieu of the issuance of fractional shares representing insignificant interests in the Borrower
in connection with the exercise of warrants, options or other securities convertible into or exchangeable for Capital Stock in
the Borrower;

 

(e)            the
Borrower may acquire its Capital Stock upon the exercise of stock options for such Capital Stock of the Borrower if such Capital
Stock represents a portion of the exercise price of such stock options or in connection with tax withholding obligations arising
in connection with the exercise of options by, or the vesting of restricted Capital Stock held by, any current or former director,
officer or employee of any Group Member;

 

(f)             the
Borrower may convert or exchange any of its Capital Stock for or into Qualified Capital Stock;

 

(g)            so
long as no Event of Default shall have occurred and be continuing or would result therefrom, the Borrower may on any date make
Restricted Payments in an amount equal to the Available Amount on such date; provided that at the time of the making of
any such Restricted Payments and immediately after giving effect to such Restricted Payments, the Consolidated Leverage Ratio for
the Applicable Reference Period, calculated on a Pro Forma Basis, is not in excess of 3.75 to 1.00;

 

(h)            so
long as no Event of Default shall have occurred and be continuing or would result therefrom, the Borrower may on any date make
Restricted Payments in an aggregate amount, together with Restricted Debt Payments made under Section 7.8(a)(iv), not to exceed
$100,000,000 in any fiscal year;

 

    95

     

    

 

(i)             so
long as no Event of Default shall have occurred and be continuing or would result therefrom, the Borrower may on any date make
Restricted Payments; provided that at the time of the making of any such Restricted Payments and immediately after giving
effect to such Restricted Payments, the Consolidated Leverage Ratio for the Applicable Reference Period, calculated on a Pro Forma
Basis, is not in excess of 2.75 to 1.00;

 

(j)             so
long as no Default or Event of Default shall have occurred and be continuing or would result therefrom, the Borrower may on any
date pay dividends to its shareholders in an aggregate amount not to exceed in any fiscal year 6.00% of Market Capitalization;

 

(k)            the
Borrower may repurchase shares of its common stock from the Insurance Subsidiary in an amount necessary to (i) pay operating
costs and expenses of the Insurance Subsidiary incurred in the ordinary course of business (not to exceed $250,000 per fiscal year
of the Borrower) and (ii) permit the Insurance Subsidiary to make payments on insurance claims of the Borrower and/or any
of its Subsidiaries with the proceeds of such repurchase;

 

(l)             the
Insurance Subsidiary may purchase shares of the common stock of the Borrower from the Borrower or any Restricted Subsidiary;

 

(m)           the
Borrower may repurchase shares of its common stock from the Insurance Subsidiary in exchange for the issuance of one or more notes
or other forms of Indebtedness owed to the Insurance Subsidiary;

 

(n)            the
Borrower may make Restricted Payments to consummate the Transactions; and

 

(o)            distributions
or payments of Securitization Fees.

 

For purposes of determining compliance
with this Section 7.6, in the event that a Restricted Payment meets the criteria of more than one of the categories of Restricted
Payments described in clauses (a) through (o) above, the Borrower may, in its sole discretion, divide or classify or
later divide, classify or reclassify all or a portion of such Restricted Payment in a manner that complies with this Section 7.6
and will only be required to include the amount and type of such Restricted Payment in one or more of the above clauses.

 

7.7           Investments.
Make any advance, loan, extension of credit (by way of guaranty or otherwise) or capital contribution to, or purchase any Capital
Stock, bonds, notes, debentures or other debt securities of, or any assets constituting a business unit of, or make any other
investment in, any other Person (all of the foregoing, “Investments”), except:

 

(a)            extensions
of trade credit in the ordinary course of business;

 

(b)            investments
in cash and Cash Equivalents;

 

(c)            Guarantee
Obligations permitted by Section 7.2 (other than any Guarantee Obligations incurred under Section 7.2(z), which Guarantee
Obligations shall solely be permitted to the extent permitted pursuant to Section 7.7(v));

 

(d)            loans
and advances to directors, officers and employees of any Group Member in the ordinary course of business (including for travel,
entertainment and relocation expenses) in an aggregate amount for the Borrower and its Restricted Subsidiaries not to exceed $5,000,000
at any one time outstanding;

 

    96

     

    

 

(e)            [reserved];

 

(f)             Investments
in assets useful in the business of the Borrower and its Restricted Subsidiaries made by any Group Member with the proceeds of
any Reinvestment Deferred Amount;

 

(g)            intercompany
Investments by any Group Member in any other Group Member; provided that any Investment by any Loan Party in a Restricted
Subsidiary that is not a Loan Party shall be permitted to the extent the aggregate amount of outstanding Investments pursuant to
this clause (g) (less any returns (including dividends, interest, distributions, returns of principal, profits on sale, repayments,
income and similar amounts) actually received in respect of any such Investments (excluding any returns in excess of the amount
originally invested)) does not exceed $25,000,000;

 

(h)            any
Permitted Acquisition; provided that the aggregate amount of Investments pursuant to this Section 7.7(h) (less
any returns (including dividends, interest, distributions, returns of principal, profits on sale, repayments, income and similar
amounts) actually received in respect of any such Investments (excluding any returns in excess of the amount originally invested))
in respect of acquisitions of Persons that do not, upon acquisition thereof, become Subsidiary Guarantors, or property that is
not, upon acquisition thereof, owned by Loan Parties (whether such Investment is consummated with cash or equity (including Disqualified
Capital Stock of any Subsidiaries not organized under the laws of any jurisdiction within the United States, but excluding any
other equity of such Subsidiaries), and with such Investment as valued in good faith by the Borrower) shall not exceed at any time
outstanding the greater of (x) $100,000,000 and (y) 20.00% of Consolidated EBITDA for the Applicable Reference Period,
calculated on a Pro Forma Basis as of the date of consummation of such purchase or other acquisition (or at the Borrower’s
option, as of the date of entry into the binding documentation in respect of such purchase or other acquisition);

 

(i)             promissory
notes and other non-cash consideration received in connection with Dispositions permitted by Section 7.5;

 

(j)             Investments
acquired as a result of the purchase or other acquisition by any Group Member in connection with a Permitted Acquisition; provided,
that such Investments were not made in contemplation of such Permitted Acquisition and were in existence at the time of such Permitted
Acquisition;

 

(k)            Investments
existing on the Closing Date (provided that Investments in an aggregate outstanding amount in excess of $5,000,000 shall
be set forth on Schedule 7.7(k)) and any modification, refinancing, renewal, refunding, replacement or extension thereof; provided
that the amount of any Investment permitted pursuant to this Section 7.7(k) is not increased from the amount of such
Investment on the Closing Date;

 

(l)             Investments
received in connection with the bankruptcy or reorganization of, or settlement of delinquent accounts and disputes with, customers
and suppliers, in each case in the ordinary course of business;

 

(m)           Investments
of a Restricted Subsidiary acquired after the Closing Date or of a corporation merged into the Borrower or merged or consolidated
with any Restricted Subsidiary, in each case in accordance with Section 7.4 after the Closing Date, to the extent that such
Investments were not made in contemplation of or in connection with such acquisition, merger or consolidation and were in existence
on the date of such acquisition, merger or consolidation;

 

    97

     

    

 

(n)            Guarantees
by the Borrower or any Restricted Subsidiary of leases (other than Finance Lease Obligations) or of other obligations that do not
constitute Indebtedness, in each case entered into in the ordinary course of business;

 

(o)            Investments
made to effect the pledges and deposits described in, and permitted under, Section 7.3(c) and (d);

 

(p)            Investments
by the Borrower or any Restricted Subsidiary that result solely from the receipt by the Borrower or such Restricted Subsidiary
from any of its Subsidiaries of a dividend or other Restricted Payment in the form of Capital Stock, evidences of Indebtedness
or other securities (but not any additions thereto made after the date of the receipt thereto);

 

(q)            mergers
and consolidations permitted under Section 7.4 that do not involve any Person other than the Borrower and Restricted Subsidiaries
that are Wholly Owned Subsidiaries;

 

(r)            so
long as no Event of Default has occurred and is continuing or would result therefrom, Investments in an aggregate amount not
to exceed the Available Amount at such time;

 

(s)            customary
Investments by the Borrower or any Restricted Subsidiary in any Securitization Subsidiary in connection with a Qualified Securitization
Transaction, including pursuant to Standard Securitization Undertakings;

 

(t)            so
long as no Event of Default shall have occurred and be continuing or would result therefrom, other Investments, if, at the time
of such Investment, the Consolidated Senior Secured Leverage Ratio for the Applicable Reference Period, calculated on a Pro Forma
Basis as of the date of such Investment, is not in excess of 1.50 to 1.00;

 

(u)            Investments
by the Borrower or any of its Restricted Subsidiaries in an aggregate amount (valued at cost), taken together with all other outstanding
Investments made pursuant to this Section 7.7(u) (less any returns (including dividends, interest, distributions, returns
of principal, profits on sale, repayments, income and similar amounts) actually received in respect of any such Investments (excluding
any returns in excess of the amount originally invested)), not to exceed from and after the Closing Date the greater of (i) $50,000,000
and (ii) 10% of Consolidated EBITDA for the Applicable Reference Period, calculated on a Pro Forma Basis as of the date of
such Investment;

 

(v)            (i) any
Investment in any Joint Venture or Unrestricted Subsidiary and (ii) any Permitted Acquisition of Persons that do not, upon
acquisition thereof, become Subsidiary Guarantors, and property that is not, upon acquisition thereof, owned by Loan Parties; provided
that the aggregate outstanding amount of the Investments and Permitted Acquisitions consummated pursuant to this Section 7.7(v) (with
respect to Investments pursuant to clause (i), valued at cost, and with respect to Permitted Acquisitions pursuant to clause (ii),
the Investment amount thereof shall be as valued in good faith by the Borrower and shall include cash and equity (including Disqualified
Capital Stock of any Subsidiaries not organized under the laws of any jurisdiction within the United States, but excluding any
other equity of such Subsidiaries)), less any returns (including dividends, interest, distributions, returns of principal, profits
on sale, repayments, income and similar amounts) actually received in respect of any such Investments (excluding any returns in
excess of the amount originally invested), shall not exceed at any time outstanding the greater of (i) $50,000,000 and (ii) 10%
of Consolidated EBITDA for the Applicable Reference Period, calculated on a Pro Forma Basis as of the date of such Investment or
Permitted Acquisition (or at the Borrower’s option, as of the date of entry into the binding documentation in respect of
such Permitted Acquisition);

 

    98

     

    

 

(w)            Investments,
taken together with all other outstanding Investments made pursuant to this Section 7.7(w) (less any returns (including
dividends, interest, distributions, returns of principal, profits on sale, repayments, income and similar amounts) actually received
in respect of any such Investments (excluding any returns in excess of the amount originally invested)), in an aggregate amount
(valued at cost) not to exceed the Net Cash Proceeds (Not Otherwise Applied) received after the Closing Date and on or prior to
such date from any issuance of Qualified Capital Stock by the Borrower (other than any such issuance to a Group Member);

 

(x)            Investments
made in the Insurance Subsidiary (i) to the extent required to meet regulatory capital guidelines, policies or rules in
an amount not exceed $35,000,000 in the aggregate at any one time outstanding and (ii) in amounts not to exceed, in any fiscal
year of the Borrower, the lesser of (x) $75,000,000 and (y) the amount that will appear as an expense for self-insurance
costs on the Borrower’s consolidated income statement;

 

(y)            Investments
in the Insurance Subsidiary consisting of the contribution of common stock of the Borrower and Investments by the Insurance Subsidiary
in the common stock of the Borrower;

 

(z)             Investments
by the Insurance Subsidiary in Indebtedness of the Group Members permitted by Section 7.2(q);

 

(aa)           Investments
made to consummate the Transactions; and

 

(bb)          Investments
by the Borrower in the Insurance Subsidiary in connection with the repurchase of the Borrower’s common stock from the Insurance
Subsidiary in exchange for the issuance of one or more notes or other forms of Indebtedness owed to the Insurance Subsidiary.

 

For purposes of determining compliance
with this Section 7.7, in the event that an Investment meets the criteria of more than one of the categories of Investments
described in clauses (a) through (bb) above, the Borrower may, in its sole discretion, divide or classify or later divide,
classify or reclassify all or a portion of such Investment in a manner that complies with this Section 7.7 and will only be
required to include the amount and type of such Investment in one or more of the above clauses.

 

7.8           Optional
Payments and Modifications of Certain Debt Instruments. (a) Make or offer to make any optional or voluntary payment,
prepayment, repurchase or redemption of or otherwise optionally or voluntarily defease or segregate funds with respect to any
Restricted Indebtedness (any of the foregoing, a “Restricted Debt Payment”) other than:

 

(i)             refinancings
of Restricted Indebtedness with the proceeds of Permitted Refinancing Indebtedness permitted in respect thereof under Section 7.2;

 

(ii)            payments
of or in respect of Restricted Indebtedness made solely with Qualified Capital Stock or the conversion of any Restricted Indebtedness
into Qualified Capital Stock;

 

(iii)           prepayments
of intercompany Restricted Indebtedness permitted hereunder owed by the Borrower or any Restricted Subsidiary to the Borrower or
any Restricted Subsidiary; provided that no prepayment of any Restricted Indebtedness owed by any Loan Party to any Restricted
Subsidiary that is not a Loan Party shall be permitted so long as an Event of Default shall have occurred and be continuing or
would result therefrom;

 

    99

     

    

 

(iv)           so
long as no Event of Default has occurred and is continuing or would result therefrom, Restricted Debt Payments in an aggregate
amount, together with Restricted Payments made under Section 7.6(h)), not to exceed $100,000,000 in any fiscal year;

 

(v)            so
long as no Event of Default has occurred and is continuing or would result therefrom, Restricted Debt Payments in an amount equal
to the Available Amount on such date; provided that at the time of the making of such Restricted Debt Payment and immediately
after giving effect thereto, the Consolidated Leverage Ratio for the Applicable Reference Period, calculated on a Pro Forma Basis,
is not in excess of 3.75 to 1.00;

 

(vi)           so
long as no Event of Default has occurred and is continuing or would result therefrom, Restricted Debt Payments if, at the time
of making such Restricted Debt Payment and immediately after giving effect thereto, the Consolidated Leverage Ratio for the Applicable
Reference Period, calculated on a Pro Forma Basis, is not in excess of 2.75 to 1.00; and

 

(vii)           repurchases
of Unsecured Notes using Declined Amounts (calculated from the Closing Date) Not Otherwise Applied.

 

For purposes of determining
compliance with this Section 7.8(a), in the event that a Restricted Debt Payment meets the criteria of more than one of the
categories of Restricted Debt Payments described in clauses (i) through (vii) above, the Borrower may, in its sole discretion,
divide or classify or later divide, classify or reclassify all or a portion of such Restricted Debt Payment in a manner that complies
with this Section 7.7(a) and will only be required to include the amount and type of such Restricted Debt Payment in
one or more of the above clauses.

 

Notwithstanding anything
to the contrary contained in this Section 7.8(a), in no event shall any payment in respect of Subordinated Indebtedness be
permitted if such payment is in violation of the subordination provisions of such Subordinated Indebtedness.

 

(b)            Amend,
modify, waive or otherwise change, or consent or agree to any amendment, modification, waiver or other change to, any of the terms
of any Restricted Indebtedness (other than any such amendment, modification, waiver or other change that would not materially and
adversely affect the interests of the Lenders).

 

7.9           Transactions
with Affiliates. Enter into any transaction, including any purchase, sale, lease or exchange of property, the rendering of
any service or the payment of any management, advisory or similar fees, with any Affiliate in excess of $10,000,000, unless such
transaction is on terms not materially less favorable to the Borrower or such Restricted Subsidiary, as applicable, than would
be obtainable in a comparable arms-length transaction with a person that is not an Affiliate; provided that this Section 7.9
shall not limit:

 

(a)            Issuances
of securities, or other payments, awards or grants in cash, securities or otherwise pursuant to, or the funding of, employment
arrangements, equity purchase agreements, stock options, stock ownership plans and similar and like arrangements approved by the
board of directors of the Borrower;

 

(b)            compensation,
insurance, employment, employee benefit and severance arrangements between the Borrower or any Subsidiary and any director, officer,
employee or consultant thereof;

 

    100

     

    

 

(c)            the
payment of directors’ fees and indemnification and reimbursement of expenses to directors, officers or employees;

 

(d)            transactions
between or among the Loan Parties;

 

(e)            transactions
between or among the Borrower and its Restricted Subsidiaries or by and among Restricted Subsidiaries in the ordinary course of
business;

 

(f)             Investments
permitted by Section 7.7(d), Restricted Payments or Restricted Debt Payments expressly permitted by this Agreement;

 

(g)            intercompany
transactions undertaken in good faith for the purpose of improving the consolidated tax efficiency of the Group Members;

 

(h)            transactions
disclosed in the Borrower’s SEC filings made prior to the Closing Date;

 

(i)             any
transaction with any Person who is not an Affiliate immediately before the consummation of such transaction that becomes an Affiliate
as a result of such transaction;

 

(j)            payroll,
travel, business entertainment and similar advances to officers, directors, employees and consultants of the Borrower or any Subsidiary
to cover matters that are expected at the time of such advances to be treated as expenses of the Borrower or such Subsidiary for
accounting purposes and that are made in the ordinary course of business; and

 

(k)            any
(i) sale, conveyance, participation, factoring or other transfer of Securitization Assets transferred to a Securitization
Subsidiary, (ii) grant of security, (iii) incurrence of Indebtedness or (iv) payment of any associated fees, in
each case in connection with any Qualified Securitization Transaction.

 

7.10         Sales
and Leasebacks. Enter into any arrangement with any Person providing for the leasing by any Group Member of real property
that has been or is to be sold or transferred by such Group Member 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 such Group Member, unless (a) the
Net Cash Proceeds received by the applicable Group Member in connection with such transaction are at least equal to the fair market
value (as determined by the Borrower) of such property and (b) the Borrower or the applicable Subsidiary applies the Net
Cash Proceeds of such transaction in accordance with Section 2.11; provided that the aggregate amount of consideration paid
to the Group Members (and the aggregate principal amount of any Attributable Indebtedness) in respect of transactions permitted
under this Section 7.10 shall not exceed $15,000,000.

 

7.11         Swap
Agreements. Enter into any Swap Agreement, except Swap Agreements entered into for bona fide hedging purposes and not for
speculation.

 

7.12         Changes
in Fiscal Periods. Permit the fiscal year of the Borrower to end on a day other than calendar year end or change the Borrower’s
method of determining fiscal quarters, in each case without the consent of the Administrative Agent (such consent not to be unreasonably
withheld, conditioned or delayed).

 

    101

     

    

 

7.13         Negative
Pledge Clauses. Enter into or suffer to exist or become effective any agreement that prohibits or limits the ability of any
Group Member (other than the Insurance Subsidiary) to create, incur, assume or suffer to exist any Lien upon any of its property
or revenues, whether now owned or hereafter acquired to secure its obligations under the Loan Documents to which it is a party
other than (a) (i) this Agreement, the other Loan Documents, the ABL Loan Documents and the Unsecured Notes Documents,
(ii) any agreement governing any Indebtedness incurred pursuant to Section 7.2 to the extent such prohibition or limitation
is customary in agreements governing Indebtedness of such type and in any event so long as such agreement is not materially more
restrictive (taken as a whole) than the Loan Documents (as conclusively determined by the Borrower in good faith) and (iii) any
agreement governing any Permitted Refinancing Indebtedness in respect of the Loans, the ABL Loans, the Unsecured Notes or Indebtedness
incurred pursuant to Section 7.2, in each case, with respect to this clause (iii), so long as any such agreement is not materially
more restrictive (taken as a whole) than the Loan Documents, the ABL Loan Documents, the Unsecured Notes Documents or the documents
governing the Indebtedness being refinanced, as applicable (as conclusively determined by the Borrower in good faith), (b) any
agreements governing any purchase money Liens or Finance Lease Obligations otherwise permitted hereby (in which case, any prohibition
or limitation shall only be effective against the assets financed thereby), (c) any agreement in effect at the time any Subsidiary
becomes a Restricted Subsidiary of the Borrower, so long as such prohibition or limitation applies only to such Restricted Subsidiary
(and, if applicable, its Subsidiaries) and such agreement was not entered into in contemplation of such Person becoming a Restricted
Subsidiary of the Borrower, as such agreement may be amended, restated, supplemented, modified extended renewed or replaced, so
long as such amendment, restatement, supplement, modification, extension, renewal or replacement does not expand in any material
respect the scope of any restriction contemplated by this Section 7.13 contained therein, (d) customary provisions restricting
assignments, subletting, sublicensing, pledging or other transfers contained in leases, subleases, licenses or sublicenses, so
long as such restrictions are limited to the property or assets subject to such leases, subleases, licenses or sublicenses, as
the case may be, (e) (i) restrictions imposed by applicable law and (ii) contractual encumbrances or restrictions
in effect on the Closing Date and listed on Schedule 7.13, (f) customary provisions in joint venture agreements and other
similar agreements entered into in the ordinary course of business, (g) customary provisions restricting assignment of any
agreement entered into in the ordinary course of business, (h) customary restrictions and conditions contained in the document
relating to any Lien other than relating to Indebtedness, so long as (i) such Lien is a Lien permitted by Section 7.3
and such restrictions or conditions relate only to the specific asset subject to such Lien and (ii) such restrictions and
conditions are not created for the purpose of avoiding the restrictions imposed by this Section 7.13, (i) customary
net worth provisions contained in real property leases entered into by the Group Members, so long as the Borrower has determined
in good faith that such net worth provisions would not reasonably be expected to impair the ability of the Group Members to meet
their ongoing obligations, (j) restrictions on cash or other deposits imposed by customers under contracts entered into in
the ordinary course of business, (k) customary restrictions and conditions contained in agreements relating to the sale of
a Restricted Subsidiary or any assets pending such sale, provided that such restrictions or conditions apply only to the
Restricted Subsidiary or assets that is to be sold and such sale is permitted hereunder and (l) customary prohibitions, conditions
and restrictions (as determined by the Borrower in good faith) contained in agreements and documents relating to any Qualified
Securitization Transaction.

 

    102

     

    

 

7.14         Clauses
Restricting Subsidiary Distributions. Enter into or suffer to exist or become effective any consensual encumbrance or restriction
on the ability of any Restricted Subsidiary of the Borrower to (a) make Restricted Payments in respect of any Capital Stock
of such Restricted Subsidiary held by, or pay any Indebtedness owed to, any Group Member, (b) make loans or advances to,
or other Investments in, any Group Member or (c) transfer any of its assets to any Group Member, except for (i) any
encumbrances or restrictions existing under (A) this Agreement, the other Loan Documents, the ABL Loan Documents or the Unsecured
Notes Documents, (B) any agreement governing Indebtedness incurred pursuant to Section 7.2 so long as such encumbrance
or restriction is customary in agreements governing Indebtedness of such type and is not materially more restrictive (taken as
a whole) than the Loan Documents (as conclusively determined by the Borrower in good faith) or (C) any agreement governing
Permitted Refinancing Indebtedness in respect of the Loans, any ABL Loans, any Unsecured Notes or any other Indebtedness incurred
pursuant to Section 7.2, in each case so long as any such agreement is not materially more restrictive (taken as a whole)
than the Loan Documents, the ABL Loan Documents, the Unsecured Notes Documents or the documents governing the Indebtedness being
refinanced, as applicable (as conclusively determined by the Borrower in good faith), (ii) any encumbrances or restrictions
with respect to a Restricted Subsidiary imposed pursuant to an agreement that has been entered into in connection with the Disposition
of all or substantially all of the Capital Stock or assets of such Restricted Subsidiary, (iii) any encumbrance or restriction
applicable to a Restricted Subsidiary (and, if applicable, its Subsidiaries) under any agreement of such Restricted Subsidiary
in effect at the time such Person becomes a Restricted Subsidiary of the Borrower, so long as such agreement was not entered into
in contemplation of such Person becoming a Restricted Subsidiary of the Borrower, as such agreement may be amended, restated,
supplemented, modified extended renewed or replaced, so long as such amendment, restatement, supplement, modification, extension,
renewal or replacement does not expand in any material respect the scope of any restriction contemplated by this Section 7.14
contained therein, (iv) customary provisions restricting assignments, subletting, sublicensing, pledging or other transfers
contained in leases, subleases, licenses or sublicenses, so long as such restrictions are limited to the property or assets subject
to such leases, subleases, licenses or sublicenses, as the case may be, (v) customary restrictions and conditions contained
in agreements relating to the sale of a Restricted Subsidiary or any assets pending such sale, provided that such restrictions
or conditions apply only to the Restricted Subsidiary or assets that is to be sold and such sale is permitted hereunder, (vi) consensual
arrangements with insurance regulators with respect to the Insurance Subsidiary, (vii) (A) restrictions imposed by applicable
law and (B) contractual encumbrances or restrictions in effect on the Closing Date and listed on Schedule 7.14, (viii) customary
provisions in joint venture agreements and other similar agreements entered into in the ordinary course of business, (ix) customary
provisions restricting assignment of any agreement entered into in the ordinary course of business, (x) customary net worth
provisions contained in real property leases entered into by the Group Members, so long as the Borrower has determined in good
faith that such net worth provisions would not reasonably be expected to impair the ability of the Group Members to meet their
ongoing obligations, (xi) restrictions on cash or other deposits imposed by customers under contracts entered into in the
ordinary course of business and (xii) customary prohibitions, conditions and restrictions (as determined by the Borrower
in good faith) contained in agreements and documents relating to any Qualified Securitization Transaction.

 

7.15         Lines
of Business. (a) Enter into any business, either directly or through any Restricted Subsidiary, except for (i) an
immaterial line of business (as determined by the Borrower in good faith) or (ii) those businesses in which the Group Members
were engaged on the Closing Date and (in the case of this clause (ii)) any similar, corollary, related, incidental or complementary
business or business activities or any reasonable extension, development or expansion thereof (as determined by the Borrower in
good faith).

 

(b) In the case
of the Insurance Subsidiary, enter into any business, except for providing insurance services to the Borrower and its Subsidiaries
and activities reasonably related thereto.

 

7.16         Use
of Proceeds. Use, and the respective directors, officers, employees and agents of the Borrower and its Subsidiaries shall
not use, the proceeds of any Loan (a) in furtherance of an offer, payment, promise to pay, or authorization of the payment
or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, (b) for the purpose
of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned
Country, or (c) in any manner that would result in the violation of any Sanctions applicable to any party hereto.

 

    103

     

    

 

SECTION 8.     EVENTS
OF DEFAULT

 

If any of the following
events shall occur and be continuing:

 

(a)            the
Borrower shall fail to pay any principal of any Loan when due in accordance with the terms hereof; or the Borrower shall fail to
pay any interest on any Loan, or any other amount payable hereunder or under any other Loan Document, within five Business Days
after any such interest or other amount becomes due in accordance with the terms hereof; or

 

(b)            any
representation or warranty made or deemed made by any Loan Party herein or in any other Loan Document or that is contained in any
certificate required to be delivered by it at any time under or in connection with this Agreement or any such other Loan Document
shall prove to have been inaccurate in any material respect on or as of the date made or deemed made; or

 

(c)            any
Loan Party shall default in the observance or performance of any agreement contained in clause (i) or (ii) of Section 6.4(a) (with
respect to the Borrower only), Section 6.7(a) or Section 7 of this Agreement; or

 

(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 paragraphs (a) through (c) of this Section 8), and such default shall continue
unremedied for a period of 30 days after written notice to the Borrower from the Administrative Agent or the Required Lenders;
or

 

(e)            any
Group Member shall (i) default in making any payment of any principal of any Material Indebtedness (including any Guarantee
Obligation) on the scheduled or original due date with respect thereto; (ii) default in making any payment of any interest
on any such Material Indebtedness beyond the period of grace, if any, provided in the instrument or agreement under which such
Material Indebtedness was created; (iii) other than with respect to Indebtedness outstanding under the ABL Credit Agreement,
default in the observance or performance of any other agreement or condition relating to any such Material Indebtedness or contained
in any instrument or agreement evidencing, securing or relating thereto, the effect of which default is to cause (with all applicable
grace periods having expired), or to permit the holder or beneficiary of such Indebtedness (or a trustee or agent on behalf of
such holder or beneficiary) to cause (with all applicable grace periods having expired), with the giving of notice if required,
such Material Indebtedness to become due prior to its stated maturity or (in the case of any such Indebtedness constituting a Guarantee
Obligation) to become payable (provided that this clause (iii) shall not apply to any Indebtedness that becomes due
as a result of a refinancing in full thereof as permitted by the terms of this Agreement); or (iv) with respect to Indebtedness
outstanding under the ABL Credit Agreement, default in the observance or performance of any other agreement or condition relating
to such Indebtedness or contained in any ABL Loan Document, the effect of which default is to cause (with all applicable grace
periods having expired), or to permit the ABL Administrative Agent or the lenders under the ABL Credit Agreement to cause (with
all applicable grace periods having expired), with the giving of notice if required, the ABL Loans to become due prior to their
stated maturity and/or the ABL Commitments to terminate prior to their stated termination date (provided that, in the case
of this clause (iv), such default shall not constitute an Event of Default hereunder unless (1) the holders of the ABL Loans
cause the ABL Loans to become due prior to their stated maturity (and such acceleration has not been rescinded) and/or the ABL
Commitments to terminate prior to their stated termination date or (2) the ABL Administrative Agent and/or the lenders under
the ABL Credit Agreement exercise secured creditor remedies as a result of such default); or

 

    104

     

    

 

(f)             (i) the
Borrower or any Material Subsidiary shall commence any case, proceeding or other action (A) 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, or
(B) seeking appointment of a receiver, trustee, custodian, conservator or other similar official for it or for all or any
substantial part of its assets; or (ii) there shall be commenced against the Borrower or any Material Subsidiary any case,
proceeding or other action of a nature referred to in clause (i) above that (A) results in the entry of an order for
relief or any such adjudication or appointment or (B) remains undismissed or undischarged for a period of 60 consecutive days;
or (iii) there shall be commenced against the Borrower or any Material Subsidiary 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
that results in the entry of an order for any such relief that shall not have been vacated, discharged, or stayed or bonded pending
appeal within 60 days from the entry thereof; or (iv) the Borrower or any Material Subsidiary shall take any 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 (v) the Borrower or any Material Subsidiary shall generally not, or shall be unable to, or shall admit in writing its inability
to, pay its debts as they become due; or (vi) the Borrower or any Material Subsidiary shall make a general assignment for
the benefit of its creditors; or

 

(g)            (i) an
ERISA Event and/or a Foreign Plan Event shall have occurred; (ii) a trustee shall be appointed by a United States district
court to administer any Pension Plan; (iii) the PBGC shall institute proceedings to terminate any Pension Plan; (iv) any
Group Member or any of their respective ERISA Affiliates shall have been notified by the sponsor of a Multiemployer Plan that it
has incurred or will be assessed Withdrawal Liability to such Multiemployer Plan and such entity does not have reasonable grounds
for contesting such Withdrawal Liability or is not contesting such Withdrawal Liability in a timely and appropriate manner; or
(v) any other event or condition shall occur or exist with respect to a Plan, a Foreign Benefit Arrangement, or a Foreign
Plan; and in each case in clauses (i) through (v) above, such event or condition, together with all other such events
or conditions, if any, would reasonably be expected to result in a Material Adverse Effect; or

 

(h)            one
or more judgments or decrees shall be entered against the Borrower or any Material Subsidiary involving in the aggregate a liability
(not paid or fully covered by insurance as to which the relevant insurance company has not disputed coverage) of $75,000,000 or
more, and all such judgments or decrees shall not have been vacated, discharged, stayed or bonded pending appeal within 60 consecutive
days from the entry thereof; or

 

(i)             any
of the Security Documents or the Intercreditor Agreements shall cease, for any reason, to be in full force and effect, or any Loan
Party shall so assert, or any Lien created by any of the Security Documents on assets that constitute a material portion of the
Collateral shall cease to be enforceable and of the same effect and priority purported to be created thereby (and, for the avoidance
of doubt, as required by the Intercreditor Agreements), except (i) the release thereof as provided in the applicable Loan
Document or Section 10.14 or (ii) as a result of the failure of the Administrative Agent to maintain possession of any
stock certificates, promissory notes or other instruments delivered to it under the Guarantee and Collateral Agreement; or

 

(j)             the
guarantee contained in Article II of the Guarantee and Collateral Agreement shall cease, for any reason, to be in full force
and effect or any Loan Party shall so assert; or

 

(k)            the
subordination provisions contained in any Subordinated Indebtedness with an aggregate principal amount in excess of $75,000,000
shall cease, for any reason, to be in full force and effect, or any Loan Party shall so assert; or

 

    105

     

    

 

(l)             a
Change of Control shall occur; then, and in any such event, (A) if such event is an Event of Default specified in clause
(i) or (ii) of paragraph (f) above with respect to the Borrower, automatically the Commitments shall
immediately terminate and the Loans (with accrued interest thereon) and all other amounts owing under this Agreement and the
other Loan Documents shall immediately become due and payable, and (B) if such event is any other Event of Default,
either or both of the following actions may be taken: with the consent of the Required Lenders, the Administrative Agent may,
or upon the request of the Required Lenders, the Administrative Agent shall, by notice to the Borrower, declare the Loans
(with accrued interest thereon) and all other amounts owing under this Agreement and the other Loan Documents to be due and
payable forthwith, whereupon the same shall immediately become due and payable. Except as expressly provided above in this
Section 8, presentment, demand, protest and all other notices of any kind are hereby expressly waived by the
Borrower.

 

In addition to any other
rights and remedies granted to the Administrative Agent and the Lenders in the Loan Documents, the Administrative Agent on behalf
of the Lenders may exercise all rights and remedies of a secured party under the New York Uniform Commercial Code or any other
applicable law. Without limiting the generality of the foregoing, the Administrative Agent, without demand of performance or other
demand, presentment, protest, advertisement or notice of any kind (except any notice required by law referred to below) to or upon
any Loan Party or any other Person (all and each of which demands, defenses, advertisements and notices are hereby waived), may
in such circumstances forthwith collect, receive, appropriate and realize upon the Collateral, or any part thereof, or consent
to the use by the Loan Parties of any cash collateral arising in respect of the Collateral on such terms as the Administrative
Agent deems reasonable, and/or may forthwith sell, lease, assign give an option or options to purchase or otherwise dispose of
and deliver, or acquire by credit bid on behalf of the Lenders, the Collateral or any part thereof (or contract to do any of the
foregoing), in one or more parcels at public or private sale or sales, at any exchange, broker’s board or office of the Administrative
Agent or any Lender or elsewhere, upon such terms and conditions as it may deem advisable and at such prices as it may deem best,
for cash or on credit or for future delivery, all without assumption of any credit risk. The Administrative Agent or any Lender
shall have the right upon any such public sale or sales, and, to the extent permitted by law, upon any such private sale or sales,
to purchase the whole or any part of the Collateral so sold, free of any right or equity of redemption in any Loan Party, which
right or equity is hereby waived and released. The Borrower further agrees, at the Administrative Agent’s request, to assemble,
or cause the applicable Loan Party to assemble, the Collateral and make it available to the Administrative Agent at places which
the Administrative Agent shall reasonably select, whether at the Borrower’s or such Loan Party’s premises or elsewhere.
The Administrative Agent shall apply the net proceeds of any action taken by it pursuant to this Section 8, after deducting
all reasonable costs and expenses of every kind incurred in connection therewith or incidental to the care or safekeeping of any
of the Collateral or in any other way relating to the Collateral or the rights of the Administrative Agent and the Lenders hereunder,
including reasonable attorneys’ fees and disbursements, to the payment in whole or in part of the obligations of the Loan
Parties under the Loan Documents, in such order as the Administrative Agent may elect, and only after such application and after
the payment by the Administrative Agent of any other amount required by any provision of law, including Section 9-615(a)(3) of
the New York UCC, need the Administrative Agent account for the surplus, if any, to any Loan Party. To the extent permitted by
applicable law, the Borrower on behalf of itself and the other Loan Parties, waives all claims, damages and demands it or any other
Loan Party may acquire against the Administrative Agent or any Lender arising out of the exercise by them of any rights hereunder.
If any notice of a proposed sale or other disposition of Collateral shall be required by law, such notice shall be deemed reasonable
and proper if given at least 10 days before such sale or other disposition.

 

    106

     

    

 

SECTION 9.     THE
AGENTS

 

9.1           Appointment.
(a) As to any matters not expressly provided for herein and in the other Loan Documents (including enforcement or collection),
the Administrative Agent shall not be required to exercise any discretion or take any action, but shall be required to act or
to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the written instructions of
the Required Lenders (or such other number or percentage of the Lenders as shall be necessary, pursuant to the terms in the Loan
Documents), and, unless and until revoked in writing, such instructions shall be binding upon each Lender; provided, however,
that the Administrative Agent shall not be required to take any action that (i) the Administrative Agent in good faith believes
exposes it to liability unless the Administrative Agent receives an indemnification and is exculpated in a manner satisfactory
to it from the Lenders with respect to such action or (ii) is contrary to this Agreement or any other Loan Document or applicable
law, including any action that may be in violation of the automatic stay under any requirement of law relating to bankruptcy,
insolvency or reorganization or relief of debtors or that may effect a forfeiture, modification or termination of property of
a Lender in violation of any requirement of law relating to bankruptcy, insolvency or reorganization or relief of debtors; provided,
further, that the Administrative Agent may seek clarification or direction from the Required Lenders prior to the exercise
of any such instructed action and may refrain from acting until such clarification or direction has been provided. Except as expressly
set forth in the Loan Documents, the Administrative Agent shall not have any duty to disclose, and shall not be liable for the
failure to disclose, any information relating to the Borrower, any Subsidiary or any Affiliate of any of the foregoing that is
communicated to or obtained by the Person serving as Administrative Agent or any of its Affiliates in any capacity. Nothing in
this Agreement shall require the Administrative Agent to expend or risk its own funds or otherwise incur any financial liability
in the performance of any of its duties hereunder or in the exercise of any of its rights or powers if it shall have reasonable
grounds for believing that repayment of such funds or adequate indemnity against such risk or liability is not reasonably assured
to it.

 

(b)            Each
Lender hereby irrevocably appoints the entity named as Administrative Agent in the heading of this Agreement and its successors
and assigns to serve as the administrative agent under the Loan Documents and each Lender authorizes the Administrative Agent to
take such actions as agent on its behalf and to exercise such powers under this Agreement and the other Loan Documents as are delegated
to the Administrative Agent under such agreements and to exercise such powers as are reasonably incidental thereto. Without limiting
the foregoing, each Lender hereby authorizes the Administrative Agent to execute and deliver, and to perform its obligations under,
each of the Loan Documents to which the Administrative Agent is a party, and to exercise all rights, powers and remedies that the
Administrative Agent may have under such Loan Documents.

 

(c)            In
performing its functions and duties hereunder and under the other Loan Documents, the Administrative Agent is acting solely on
behalf of the Lenders (except in limited circumstances expressly provided for herein relating to the maintenance of the Register),
and its duties are entirely mechanical and administrative in nature. Without limiting the generality of the foregoing, the Administrative
Agent does not assume and shall not be deemed to have assumed any obligation or duty or any other relationship as the agent, fiduciary
or trustee of or for any Lender, other than as expressly set forth herein and in the other Loan Documents, regardless of whether
a Default or an Event of Default has occurred and is continuing (and it is understood and agreed that the use of the term “agent”
(or any similar term) herein or in any other Loan Document with reference to the Administrative Agent is not intended to connote
any fiduciary duty or other implied (or express) obligations arising under agency doctrine of any applicable law, and that such
term is used as a matter of market custom and is intended to create or reflect only an administrative relationship between contracting
parties); additionally, each Lender agrees that it will not assert any claim against the Administrative Agent based on an alleged
breach of fiduciary duty by the Administrative Agent in connection with this Agreement and/or the transactions contemplated hereby.

 

    107

     

    

 

(d)            Nothing
in this Agreement or any Loan Document shall require the Administrative Agent to account to any Lender for any sum or the profit
element of any sum received by the Administrative Agent for its own account.

 

(e)            The
Administrative Agent may perform any of its duties and exercise its rights and powers hereunder or under any other Loan Document
by or through any one or more sub-agents appointed by the Administrative Agent. The Administrative Agent and any such sub-agent
may perform any of their respective duties and exercise their respective rights and powers through their respective Related Parties.
The exculpatory provisions of this Article shall apply to any such sub-agent and to the Related Parties of the Administrative
Agent and any such sub-agent, and shall apply to their respective activities pursuant to this Agreement. The Administrative Agent
shall not be responsible for the negligence or misconduct of any sub-agent except to the extent that a court of competent jurisdiction
determines in a final and nonappealable judgment that the Administrative Agent acted with gross negligence or willful misconduct
in the selection of such sub-agent.

 

(f)            The
Arrangers shall have no obligations or duties whatsoever in such capacity under this Agreement or any other Loan Document and shall
incur no liability hereunder or thereunder in such capacity, but all such persons shall have the benefit of the indemnities provided
for hereunder.

 

(g)            In
case of the pendency of any proceeding with respect to any Loan Party under any Federal, state or foreign bankruptcy, insolvency,
receivership or similar law now or hereafter in effect, 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 Borrower) shall be entitled and empowered (but not obligated) by intervention in such proceeding
or otherwise:

 

(i)            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 under Sections 2.12, 2.13, 2.15, 2.17 and 9.3) allowed in such
judicial proceeding; and

 

(ii)            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 proceeding is hereby authorized by each Lender and each
other Secured Party to make such payments to the Administrative Agent and, in the event that the Administrative Agent shall consent
to the making of such payments directly to the Lenders or the other Secured Parties, to pay to the Administrative Agent any amount
due to it, in its capacity as the Administrative Agent, under the Loan Documents (including under Section 9.3). Nothing contained
herein shall be deemed to authorize the Administrative Agent to authorize or consent to or accept or adopt on behalf of any Lender
any plan of reorganization, arrangement, adjustment or composition affecting the Obligations or the rights of any Lender to authorize
the Administrative Agent to vote in respect of the claim of any Lender in any such proceeding.

 

(h)            The
provisions of this Article are solely for the benefit of the Administrative Agent, the Lenders, and, except solely to the
extent of the Borrower’s rights to consent pursuant to and subject to the conditions set forth in this Article, none of the
Borrower or any Subsidiary, or any of their respective Affiliates, shall have any rights as a third party beneficiary under any
such provisions. Each Secured Party, whether or not a party hereto, will be deemed, by its acceptance of the benefits of the Collateral
and of the Guarantees of the Obligations provided under the Loan Documents, to have agreed to the provisions of this Article.

 

    108

     

    

 

9.2           Administrative
Agent’s Reliance, Indemnification, Etc..     (a) Neither the Administrative Agent
nor any of its Related Parties shall be (i) liable for any action taken or omitted to be taken by such party, the Administrative
Agent or any of its Related Parties under or in connection with this Agreement or the other Loan Documents (x) with the consent
of or at the request of the Required Lenders (or such other number or percentage of the Lenders as shall be necessary, or as the
Administrative Agent shall believe in good faith to be necessary, under the circumstances as provided in the Loan Documents) or
(y) in the absence of its own gross negligence or willful misconduct (such absence to be presumed unless otherwise determined
by a court of competent jurisdiction by a final and non-appealable judgment) or (ii) responsible in any manner to any of
the Lenders for any recitals, statements, representations or warranties made by any Loan Party or any officer thereof contained
in this Agreement or any other Loan Document or in any certificate, report, statement or other document referred to or provided
for in, or received by the Administrative Agent under or in connection with, this Agreement or any other Loan Document or for
the value, validity, effectiveness, genuineness, enforceability or sufficiency of this Agreement or any other Loan Document or
for any failure of any Loan Party to perform its obligations hereunder or thereunder.

 

(b)            The
Administrative Agent shall be deemed not to have knowledge of any Default unless and until written notice thereof (stating that
it is a “notice of default”) is given to the Administrative Agent by the Borrower, a Lender, and the Administrative
Agent shall not be responsible for or have any duty to ascertain or inquire into (i) any statement, warranty or representation
made in or in connection with any Loan Document, (ii) the contents of any certificate, report or other document delivered
thereunder or in connection therewith, (iii) the performance or observance of any of the covenants, agreements or other terms
or conditions set forth in any Loan Document or the occurrence of any Default, (iv) the sufficiency, validity, enforceability,
effectiveness or genuineness of any Loan Document or any other agreement, instrument or document, (v) the satisfaction of
any condition set forth in Article IV or elsewhere in any Loan Document, other than to confirm receipt of items (which on
their face purport to be such items) expressly required to be delivered to the Administrative Agent or satisfaction of any condition
that expressly refers to the matters described therein being acceptable or satisfactory to the Administrative Agent, (vi) the
creation, perfection or priority of Liens on the Collateral or (vii) compliance by Affiliated Lenders with the terms hereof
relating to Affiliated Lenders.

 

(c)            Without
limiting the foregoing, the Administrative Agent (i) may treat the payee of any promissory note as its holder until such promissory
note has been assigned in accordance with Section 9.5, (ii) may rely on the Register to the extent set forth in Section 10.6(b),
(iii) may consult with legal counsel (including counsel to the Borrower), independent public accountants and other experts
selected by it, and shall not be liable for any action taken or omitted to be taken in good faith by it in accordance with the
advice of such counsel, accountants or experts, (iv) makes no warranty or representation to any Lender and shall not be responsible
to any Lender for any statements, warranties or representations made by or on behalf of any Loan Party in connection with this
Agreement or any other Loan Document, (v) in determining compliance with any condition hereunder to the making of a Loan by
its terms must be fulfilled to the satisfaction of a Lender, may presume that such condition is satisfactory to such Lender unless
the Administrative Agent shall have received notice to the contrary from such Lender sufficiently in advance of the making of such
Loan and (vi) shall be entitled to rely on, and shall incur no liability under or in respect of this Agreement or any other
Loan Document by acting upon, any notice, consent, certificate or other instrument or writing (which writing may be a fax, any
electronic message, Internet or intranet website posting or other distribution) or any statement made to it orally or by telephone
and believed by it to be genuine and signed or sent or otherwise authenticated by the proper party or parties (whether or not such
Person in fact meets the requirements set forth in the Loan Documents for being the maker thereof).

 

    109

     

    

 

9.3           Posting
of Communications.     (a) The Borrower agrees that the Administrative Agent may, but
shall not be obligated to, make any Communications available to the Lenders by posting the Communications on IntraLinksTM,
DebtDomain, SyndTrak, ClearPar or any other electronic platform chosen by the Administrative Agent to be its electronic transmission
system (the “Approved Electronic Platform”).

 

(b)            Although
the Approved Electronic Platform 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) and the Approved Electronic Platform is secured through a per-deal authorization method whereby each user may access the
Approved Electronic Platform only on a deal-by-deal basis, each of the Lenders and the Borrower 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 any Lender that are added to the Approved Electronic Platform, and
that there may be confidentiality and other risks associated with such distribution. Each of the Lenders and the Borrower hereby
approves distribution of the Communications through the Approved Electronic Platform and understands and assumes the risks of such
distribution.

 

(c)            THE
APPROVED ELECTRONIC PLATFORM AND THE COMMUNICATIONS ARE PROVIDED “AS IS” AND “AS AVAILABLE”. THE APPLICABLE
PARTIES (AS DEFINED BELOW) DO NOT WARRANT THE ACCURACY OR COMPLETENESS OF THE COMMUNICATIONS, OR THE ADEQUACY OF THE APPROVED ELECTRONIC
PLATFORM AND EXPRESSLY DISCLAIM LIABILITY FOR ERRORS OR OMISSIONS IN THE APPROVED ELECTRONIC PLATFORM AND THE 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 COMMUNICATIONS OR THE APPROVED ELECTRONIC PLATFORM. IN NO EVENT SHALL THE ADMINISTRATIVE AGENT, THE ARRANGERS
OR ANY OF THEIR RESPECTIVE RELATED PARTIES (COLLECTIVELY, “APPLICABLE PARTIES”) HAVE ANY LIABILITY TO
ANY LOAN PARTY, ANY LENDER, 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 ANY LOAN PARTY’S OR
THE ADMINISTRATIVE AGENT’S TRANSMISSION OF COMMUNICATIONS THROUGH THE INTERNET OR THE APPROVED ELECTRONIC PLATFORM.

 

(d)            Each
Lender agrees that notice to it (as provided in the next sentence) specifying that Communications have been posted to the Approved
Electronic Platform shall constitute effective delivery of the Communications to such Lender for purposes of the Loan Documents.
Each Lender agrees (i) to notify the Administrative Agent in writing (which could be in the form of electronic communication)
from time to time of such Lender’s email address to which the foregoing notice may be sent by electronic transmission and
(ii) that the foregoing notice may be sent to such email address.

 

(e)            Each
of the Lenders and the Borrower agrees that the Administrative Agent may, but (except as may be required by applicable law) shall
not be obligated to, store the Communications on the Approved Electronic Platform in accordance with the Administrative Agent’s
generally applicable document retention procedures and policies.

 

    110

     

    

 

(f)            Nothing
herein shall prejudice the right of the Administrative Agent or any Lender to give any notice or other communication pursuant to
any Loan Document in any other manner specified in such Loan Document.

 

9.4           The
Administrative Agent Individually. With respect to its Commitment and Loans, the Person serving as the Administrative Agent
shall have and may exercise the same rights and powers hereunder and is subject to the same obligations and liabilities as and
to the extent set forth herein for any other Lender, as the case may be. The terms “Lenders”, “Required Lenders”
and any similar terms shall, unless the context clearly otherwise indicates, include the Administrative Agent in its individual
capacity as a Lender or as one of the Required Lenders, as applicable. The Person serving as the Administrative Agent and its
Affiliates may accept deposits from, lend money to, own securities of, act as the financial advisor or in any other advisory capacity
for and generally engage in any kind of banking, trust or other business with, the Borrower, any Subsidiary or any Affiliate of
any of the foregoing as if such Person was not acting as the Administrative Agent and without any duty to account therefor to
the Lenders.

 

9.5     Successor
Administrative Agent.     (a) The Administrative Agent may resign at any time by giving
30 days’ prior written notice thereof to the Lenders and the Borrower, whether or not a successor Administrative Agent has
been appointed. Upon any such resignation, the Required Lenders shall have the right to appoint a successor Administrative Agent.
If no successor Administrative Agent shall have been so appointed by the Required Lenders, and shall have accepted such appointment,
within 30 days after the retiring Administrative Agent’s giving of notice of resignation, then the retiring Administrative
Agent may, on behalf of the Lenders, appoint a successor Administrative Agent, which shall be a bank with an office in New York,
New York or an Affiliate of any such bank. In either case, (i) such appointment shall be subject to the prior written approval
of the Borrower (which approval may not be unreasonably withheld and shall not be required while an Event of Default has occurred
and is continuing) and (ii) in no event shall a successor Administrative Agent be a Disqualified Lender. Upon the acceptance
of any appointment as Administrative Agent by a successor Administrative Agent, such successor Administrative Agent shall succeed
to, and become vested with, all the rights, powers, privileges and duties of the retiring Administrative Agent. Upon the acceptance
of appointment as Administrative Agent by a successor Administrative Agent, the retiring Administrative Agent shall be discharged
from its duties and obligations under this Agreement and the other Loan Documents. Prior to any retiring Administrative Agent’s
resignation hereunder as Administrative Agent, the retiring Administrative Agent shall take such action as may be reasonably necessary
to assign to the successor Administrative Agent its rights as Administrative Agent under the Loan Documents.

 

(b)            Notwithstanding
paragraph (a) of this Section 9.5, in the event no successor Administrative Agent shall have been so appointed and shall
have accepted such appointment within 30 days after the retiring Administrative Agent gives notice of its intent to resign, the
retiring Administrative Agent may give notice of the effectiveness of its resignation to the Lenders and the Borrower, whereupon,
on the date of effectiveness of such resignation stated in such notice, (i) the retiring Administrative Agent shall be discharged
from its duties and obligations hereunder and under the other Loan Documents; provided that, solely for purposes of maintaining
any security interest granted to the Administrative Agent under any Security Document for the benefit of the Secured Parties, the
retiring Administrative Agent shall continue to be vested with such security interest as collateral agent for the benefit of the
Secured Parties, and continue to be entitled to the rights set forth in such Security Document and Loan Document, and, in the case
of any Collateral in the possession of the Administrative Agent, shall continue to hold such Collateral, in each case until such
time as a successor Administrative Agent is appointed and accepts such appointment in accordance with this Section 9.5 (it
being understood and agreed that the retiring Administrative Agent shall have no duty or obligation to take any further action
under any Security Document, including any action required to maintain the perfection of any such security interest), and (ii) the
Required Lenders shall succeed to and become vested with all the rights, powers, privileges and duties of the retiring Administrative
Agent; provided that (A) all payments required to be made hereunder or under any other Loan Document to the Administrative
Agent for the account of any Person other than the Administrative Agent shall be made directly to such Person and (B) all
notices and other communications required or contemplated to be given or made to the Administrative Agent shall directly be given
or made to each Lender. Following the effectiveness of the Administrative Agent’s resignation from its capacity as such,
the provisions of this Article and Section 10.3, as well as any exculpatory, reimbursement and indemnification provisions
set forth in any other Loan Document, shall continue in effect for the benefit of such retiring Administrative Agent, its sub-agents
and their respective Related Parties in respect of any actions taken or omitted to be taken by any of them while the retiring Administrative
Agent was acting as Administrative Agent and in respect of the matters referred to in the proviso under clause (i) above.

 

    111

     

    

 

9.6           Acknowledgements
of Lenders.     (a) Each Lender represents that it is engaged in making, acquiring or holding
commercial loans in the ordinary course of its business and that it has, independently and without reliance upon the Administrative
Agent, the Arrangers or any other Lender, or any of the Related Parties of any of the foregoing, and based on such documents and
information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement as a Lender,
and to make, acquire or hold Loans hereunder. Each Lender also acknowledges that it will, independently and without reliance upon
the Administrative Agent, the Arrangers or any other Lender, or any of the Related Parties of any of the foregoing, and based
on such documents and information (which may contain material, non-public information within the meaning of the United States
securities laws concerning the Borrower and its Affiliates) as it shall from time to time deem appropriate, continue to make its
own decisions in taking or not taking action under or based upon this Agreement, any other Loan Document or any related agreement
or any document furnished hereunder or thereunder.

 

(b)            Each
Lender, by delivering its signature page to this Agreement on the Closing Date, or delivering its signature page to an
Assignment and Assumption or any other Loan Document pursuant to which it shall become a Lender hereunder, shall be deemed to have
acknowledged receipt of, and consented to and approved, each Loan Document and each other document required to be delivered to,
or be approved by or satisfactory to, the Administrative Agent or the Lenders on the Closing Date.

 

9.7           Collateral
Matters.     (a) Except with respect to the exercise of setoff rights in accordance with
Section 9.8 or with respect to a Secured Party’s right to file a proof of claim in an insolvency proceeding, no Secured
Party shall have any right individually to realize upon any of the Collateral or to enforce any Guarantee of the Obligations,
it being understood and agreed that all powers, rights and remedies under the Loan Documents may be exercised solely by the Administrative
Agent on behalf of the Secured Parties in accordance with the terms thereof.

 

(b)            The
Secured Parties irrevocably authorize the Administrative Agent, at its option and in its discretion, to subordinate any Lien on
any property granted to or held by the Administrative Agent under any Loan Document to the holder of any Lien on such property
that is permitted by Section 7.3. The Administrative Agent shall not be responsible for or have a duty to ascertain or inquire
into any representation or warranty regarding the existence, value or collectability of the Collateral, the existence, priority
or perfection of the Administrative Agent’s Lien thereon or any certificate prepared by any Loan Party in connection therewith,
nor shall the Administrative Agent be responsible or liable to the Lenders or any other Secured Party for any failure to monitor
or maintain any portion of the Collateral.

 

    112

     

    

 

9.8           Credit
Bidding. The Secured Parties hereby irrevocably authorize the Administrative Agent, at the direction of the Required Lenders,
to credit bid all or any portion of the Obligations (including by accepting some or all of the Collateral in satisfaction of some
or all of the Obligations pursuant to a deed in lieu of foreclosure or otherwise) and in such manner purchase (either directly
or through one or more acquisition vehicles) all or any portion of the Collateral (a) at any sale thereof conducted under
the provisions of the Bankruptcy Code, including under Sections 363, 1123 or 1129 of the Bankruptcy Code, or any similar laws
in any other jurisdictions to which a Loan Party is subject, or (b) at any other sale, foreclosure or acceptance of collateral
in lieu of debt conducted by (or with the consent or at the direction of) the Administrative Agent (whether by judicial action
or otherwise) in accordance with any applicable law. In connection with any such credit bid and purchase, the Obligations owed
to the Secured Parties shall be entitled to be, and shall be, credit bid by the Administrative Agent at the direction of the Required
Lenders on a ratable basis (with Obligations with respect to contingent or unliquidated claims receiving contingent interests
in the acquired assets on a ratable basis that shall vest upon the liquidation of such claims in an amount proportional to the
liquidated portion of the contingent claim amount used in allocating the contingent interests) for the asset or assets so purchased
(or for the equity interests or debt instruments of the acquisition vehicle or vehicles that are issued in connection with such
purchase). In connection with any such bid, (i) the Administrative Agent shall be authorized to form one or more acquisition
vehicles and to assign any successful credit bid to such acquisition vehicle or vehicles, (ii) each of the Secured Parties’
ratable interests in the Obligations which were credit bid shall be deemed without any further action under this Agreement to
be assigned to such vehicle or vehicles for the purpose of closing such sale, (iii) the Administrative Agent shall be authorized
to adopt documents providing for the governance of the acquisition vehicle or vehicles (provided that any actions by the
Administrative Agent with respect to such acquisition vehicle or vehicles, including any disposition of the assets or equity interests
thereof, shall be governed, directly or indirectly, by, and the governing documents shall provide for, control by the vote of
the Required Lenders or their permitted assignees under the terms of this Agreement or the governing documents of the applicable
acquisition vehicle or vehicles, as the case may be, irrespective of the termination of this Agreement and without giving effect
to the limitations on actions by the Required Lenders contained in Section 9.2 of this Agreement), (iv) the Administrative
Agent on behalf of such acquisition vehicle or vehicles shall be authorized to issue to each of the Secured Parties, ratably on
account of the relevant Obligations which were credit bid, interests, whether as equity, partnership interests, limited partnership
interests or membership interests, in any such acquisition vehicle and/or debt instruments issued by such acquisition vehicle,
all without the need for any Secured Party or acquisition vehicle to take any further action, and (v) to the extent that
Obligations that are assigned to an acquisition vehicle are not used to acquire Collateral for any reason (as a result of another
bid being higher or better, because the amount of Obligations assigned to the acquisition vehicle exceeds the amount of Obligations
credit bid by the acquisition vehicle or otherwise), such Obligations shall automatically be reassigned to the Secured Parties
pro rata with their original interest in such Obligations and the equity interests and/or debt instruments issued by any acquisition
vehicle on account of such Obligations shall automatically be cancelled, without the need for any Secured Party or any acquisition
vehicle to take any further action. Notwithstanding that the ratable portion of the Obligations of each Secured Party are deemed
assigned to the acquisition vehicle or vehicles as set forth in clause (ii) above, each Secured Party shall execute such
documents and provide such information regarding the Secured Party (and/or any designee of the Secured Party which will receive
interests in or debt instruments issued by such acquisition vehicle) as the Administrative Agent may reasonably request in connection
with the formation of any acquisition vehicle, the formulation or submission of any credit bid or the consummation of the transactions
contemplated by such credit bid.

 

9.9           Certain
ERISA Matters. (a) Each Lender (x) represents and warrants, as of the date such Person became a Lender party hereto,
to, and (y) covenants, from the date such Person became a Lender party hereto to the date such Person ceases being a Lender
party hereto, for the benefit of, the Administrative Agent, and not, for the avoidance of doubt, to or for the benefit of the
Borrower or any other Loan Party, that at least one of the following is and will be true:

 

    113

     

    

 

(i)            such
Lender is not using “plan assets” (within the meaning of the Plan Asset Regulations 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
Commitments, or this Agreement,

 

(ii)            the
transaction exemption set forth in one or more PTEs, such as PTE 84-14 (a class exemption for certain transactions determined by
independent qualified professional asset managers), PTE 95-60 (a class exemption for certain transactions involving insurance company
general accounts), PTE 90-1 (a class exemption for certain transactions involving insurance company pooled separate accounts),
PTE 91-38 (a class exemption for certain transactions involving bank collective investment funds) or PTE 96-23 (a class exemption
for certain transactions determined by in-house asset managers), is applicable with respect to such Lender’s entrance into,
participation in, administration of and performance of the Loans, the Commitments and this Agreement,

 

(iii)            (A) such
Lender is an investment fund managed by a “Qualified Professional Asset Manager” (within the meaning of Part VI
of PTE 84-14), (B) such Qualified Professional Asset Manager made the investment decision on behalf of such Lender to enter
into, participate in, administer and perform the Loans, the Commitments and this Agreement, (C) the entrance into, participation
in, administration of and performance of the Loans, the Commitments and this Agreement satisfies the requirements of sub-sections
(b) through (g) of Part I of PTE 84-14 and (D) to the best knowledge of such Lender, the requirements of subsection
(a) of Part I of PTE 84-14 are satisfied with respect to such Lender’s entrance into, participation in, administration
of and performance of the Loans, the Commitments and this Agreement, or

 

(iv)            such
other representation, warranty and covenant as may be agreed in writing between the Administrative Agent, in its sole discretion,
and such Lender.

 

(b)            In
addition, unless sub-clause (i) in the immediately preceding clause (a) is true with respect to a Lender or such Lender
has provided another representation, warranty and covenant in accordance with sub-clause (iv) in the immediately preceding
clause (a), such Lender further (x) represents and warrants, as of the date such Person became a Lender party hereto, to,
and (y) covenants, from the date such Person became a Lender party hereto to the date such Person ceases being a Lender party
hereto, for the benefit of the Administrative Agent, and not, for the avoidance of doubt, to or for the benefit of the Borrower
or any other Loan Party, that the Administrative Agent is not a fiduciary with respect to the Collateral or the assets of such
Lender involved in such Lender’s entrance into, participation in, administration of and performance of the Loans, 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).

 

    114

     

    

 

SECTION 10.     MISCELLANEOUS

 

10.1         Amendments
and Waivers. Subject to Sections 2.16(b) through (f), neither this Agreement, any other Loan Document, nor any terms
hereof or thereof may be amended, supplemented or modified except in accordance with the provisions of this Section 10.1.
The Required Lenders and each Loan Party party to the relevant Loan Document may, or, with the written consent of the Required
Lenders, the Administrative Agent and each Loan Party party to the relevant Loan Document may, from time to time, (a) enter
into written amendments, supplements or modifications hereto and to the other Loan Documents for the purpose of adding any provisions
to this Agreement or the other Loan Documents or changing in any manner the rights of the Lenders or of the Loan Parties hereunder
or thereunder or (b) waive, 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; provided, however, that no such waiver and no such amendment, supplement
or modification shall (i) forgive the principal amount or extend the final scheduled date of maturity of any Loan, extend
the scheduled date of any amortization payment in respect of any Term Loan, reduce the stated rate of any interest or fee payable
hereunder (except (x) in connection with the waiver of applicability of any post-default increase in interest rates (which
waiver shall be effective with the consent of the Majority Facility Lenders of each adversely affected Facility) and (y) that
any amendment or modification of defined terms used in the financial covenants in this Agreement shall not constitute a reduction
in the rate of interest or fees for purposes of this clause (i)) or extend the scheduled date of any payment thereof, or increase
the amount or extend the expiration date of any Lender’s Commitment, in each case without the written consent of each Lender
directly affected thereby; (ii) eliminate or reduce the voting rights of any Lender under this Section 10.1 without
the written consent of such Lender; (iii) reduce any percentage specified in the definition of “Required Lenders”
without the written consent of each Lender, reduce any percentage specified in the definition of “Majority Facility Lenders”
without the written consent of each Lender of the applicable Facility or change any other provision of this Agreement or any other
Loan Document specifying the number or percentage of Lenders (or Lenders of any Facility) required to waive, amend or otherwise
modify any rights thereunder or make any determination or grant any consent thereunder without the written consent of each Lender
(or each Lender of the applicable Facility, as applicable), (iv) consent to the assignment or transfer by the Borrower of
any of its rights and obligations under this Agreement and the other Loan Documents, release all or substantially all of the Collateral
or release all or substantially all of the value of the guarantees provided by the Subsidiary Guarantors taken as a whole, in
each case without the written consent of all Lenders; (v) amend, modify or waive any provision of Section 2.17 or Section 6.4
of the Guarantee and Collateral Agreement, in each case without the written consent of each Lender adversely affected thereby;
or (vi) amend, modify or waive any provision of Section 9 or any other provision of any Loan Document that affects the
Administrative Agent without the written consent of the Administrative Agent. Any such waiver and any such amendment, supplement
or modification shall apply equally to each of the Lenders and shall be binding upon the Loan Parties, the Lenders, the Administrative
Agent and all future holders of the Loans. In the case of any waiver, the Loan Parties, the Lenders and the Administrative Agent
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.

 

Notwithstanding the foregoing,
this Agreement may be amended (or amended and restated) with the written consent of the Required Lenders, the Administrative Agent
and the Borrower (a) 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 in the benefits of this
Agreement and the other Loan Documents with the Term Loans and the accrued interest and fees in respect thereof and (b) to
include appropriately the Lenders holding such credit facilities in any determination of the Required Lenders and Majority Facility
Lenders.

 

Furthermore, notwithstanding
the foregoing, (i) the Administrative Agent, with the consent of the Borrower, may amend, modify or supplement any Loan Document
without the consent of any Lender or the Required Lenders in order to correct, amend or cure any ambiguity, inconsistency or defect
or correct any typographical error or other manifest error in any Loan Document and (ii) the Loan Documents may be amended
in accordance with Sections 2.24, 2.25, 2.26 and 2.27.

 

    115

     

    

 

10.2         Notices.
All notices, requests and demands to or upon the respective parties hereto to be effective shall be in writing (including by facsimile
or e-mail), and, unless otherwise expressly provided herein, shall be deemed to have been duly given or made when delivered, or
three Business Days after being deposited in the mail, postage prepaid, or, in the case of facsimile or e-mail notice, when sent
(except that, if not given during normal business hours for the recipient, shall be deemed to have been given at the opening of
business on the next Business Day for the recipient), addressed as follows in the case of the Borrower and the Administrative
Agent, and as set forth in an administrative questionnaire delivered 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:

 

	Borrower:	Rent-A-Center, Inc.

        5501 Headquarters Drive

        Plano, Texas 75024

        Attention: Maureen B. Short, Chief
        Financial Officer

        Facsimile: (972) 943-0116

        E-mail: Maureen.short@rentacenter.com

	 	 
	with a copy to:	Sullivan & Cromwell LLP

        125 Broad Street

        New York, New York 10004

        Attention: Ari B. Blaut

        Facsimile: (212) 291-9219

        E-mail: blauta@sullcrom.com

	 	 
	Administrative Agent:	JPMorgan Chase Bank, N.A.

        Mail Code IL1-0010, L2 Floor

        JPM Loan & Agency Services

        10 S. Dearborn Street

        Chicago, IL 60603

        Attention: Corina Ramos

        Facsimile: (844) 490-5663

        E-mail: corina.c.ramos@chase.com;

 jpm.agency.cri@jpmorgan.com

 

Notices and other communications
to the Lenders hereunder may be delivered or furnished by electronic communications pursuant to procedures approved by the Administrative
Agent; provided that the foregoing shall not apply to notices delivered to any Lender pursuant to Section 2 if such
Lender has notified the Administrative Agent that it is incapable of receiving notices under such Section by electronic communication.
The Administrative Agent or the Borrower may, in its discretion, agree to accept notices and other communications to it hereunder
by electronic communications pursuant to procedures approved by it; provided that approval of such procedures may be limited
to particular notices or communications.

 

10.3            No
Waiver; Cumulative Remedies. No failure to exercise and no delay in exercising, on the part of the Administrative Agent or
any Lender, 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.

 

10.4            Survival
of Representations and Warranties. All representations and warranties made hereunder, in the other Loan Documents and in any
document, certificate or statement delivered pursuant hereto or in connection herewith shall survive the execution and delivery
of this Agreement and the making of the Loans and other extensions of credit hereunder.

 

    116

     

    

 

10.5            Payment
of Expenses and Taxes; Indemnification; Limitation of Liability. The Borrower agrees (a) to pay or reimburse the Administrative
Agent and the Arrangers for all of their respective reasonable and documented out-of-pocket costs and expenses incurred in connection
with the syndication of the Initial Term Facility and the development, preparation and execution 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,
and the consummation and administration of the transactions contemplated hereby and thereby, in the case of legal fees and expenses
limited to the reasonable and documented fees, disbursements and other charges of one primary counsel to the Administrative Agent
and the Arrangers and, if necessary, one local counsel in each applicable jurisdiction and filing and recording fees and expenses,
with statements with respect to the foregoing to be submitted to the Borrower prior to the Closing Date (in the case of amounts
to be paid on the Closing Date) and from time to time thereafter on a quarterly basis or such other periodic basis as the Administrative
Agent shall deem appropriate, (b) to pay or reimburse each Lender and the Administrative Agent for its reasonable and documented
costs and out-of-pocket expenses incurred in connection with the enforcement or preservation of any rights under this Agreement,
the other Loan Documents and any such other documents, in the case of legal fees and expenses limited to the reasonable and documented
fees, disbursements and other charges of one outside counsel to the Administrative Agent and the Lenders as a whole and in the
case of a conflict of interest, one additional counsel to the affected Lenders, taken as a whole, (c) to pay, indemnify,
and hold each Lender and the Administrative Agent harmless from, any and all recording and filing fees and any and all liabilities
with respect to, or resulting from any delay in paying, stamp, excise and other Taxes, if any, that may be payable or determined
to be payable in connection with the execution and delivery 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 (d) to pay, indemnify, and hold each Lender, each Arranger and the Administrative
Agent, their respective affiliates, and their respective officers, directors, employees, agents, advisors and controlling persons
(each, an “Indemnitee”) harmless from and against any and all other liabilities, obligations, losses, claims,
damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever with respect
to the execution, delivery, enforcement, performance and administration of this Agreement, the other Loan Documents and any such
other documents, including any claim, litigation, investigation or proceeding regardless of whether any Indemnitee is a party
thereto and whether or not the same are brought by the Borrower, its equity holders, affiliates or creditors or any other Person,
including any of the foregoing relating to the use of proceeds of the Loans or the violation of, noncompliance with or liability
under, any Environmental Law applicable to any Group Member or its operations or properties, and the reasonable and documented
fees, disbursements and other charges of legal counsel (limited to reasonable and documented fees, disbursements and other charges
of one primary counsel for all Indemnitees, taken as a whole, and, if necessary, one firm of local counsel in each applicable
jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for all Indemnitees, taken as a whole
(and, in the case of an actual or potential conflict of interest, where an Indemnitee affected by such conflict informs the Borrower
of such conflict and thereafter retains its own counsel, of another firm of counsel for all such affected Indemnitees similarly
situated and, if necessary, one firm of local counsel in each applicable jurisdiction (which may include a single special counsel
acting in multiple jurisdictions) for all such affected Indemnitees similarly situated)) in connection with claims, actions or
proceedings by any Indemnitee against any Loan Party under any Loan Document (all the foregoing in this clause (d), collectively,
the “Indemnified Liabilities”), provided, that the Borrower shall have no obligation hereunder to any
Indemnitee with respect to Indemnified Liabilities to the extent such Indemnified Liabilities are found by a final and nonappealable
decision of a court of competent jurisdiction to have resulted from (x) the bad faith, gross negligence or willful misconduct
of such Indemnitee (or any of its Affiliates, officers, directors, employees, agents, advisors or controlling persons), (y) a
material breach by such Indemnitee of its obligations under the Loan Documents or (z) disputes or proceedings that are brought
by an Indemnitee against any other Indemnitee (other than any claims against an Arranger or the Administrative Agent in its capacity
or in fulfilling its roles as an Arranger or Administrative Agent hereunder or any similar role with respect to any Facility)
to the extent such disputes do not arise from any act or omission of any Loan Party or any of its Affiliates, and provided,
further, that this Section 10.5(d) shall not apply with respect to Taxes other than any Taxes that represent
losses or damages arising from any non-Tax claim. Except as provided in this Section 10.5, and to the extent permitted by
applicable law, the Borrower agrees not to assert and to cause its Subsidiaries not to assert, and hereby waives and agrees to
cause its Subsidiaries to waive, all rights for contribution or any other rights of recovery with respect to all claims, demands,
penalties, fines, liabilities, settlements, damages, costs and expenses of whatever kind or nature, arising under any Environmental
Laws, that any of them has by statute or otherwise against any Indemnitee.

 

    117

     

    

 

To the extent permitted
by applicable law (i) the Borrower shall not assert, and the Borrower hereby waives, any claim against the Administrative
Agent, any Arranger, and any Lender, and any Related Party of any of the foregoing Persons (each such Person being called a “Lender-Related
Person”) for any Liabilities arising from the use by others of information or other materials (including any personal
data) obtained through telecommunications, electronic or other information transmission systems (including the Internet), except
to the extent such Liabilities are found by a final and nonappealable decision of a court of competent jurisdiction to have resulted
from (x) the bad faith, gross negligence or willful misconduct of such Person and (ii) no party hereto shall assert,
and each such party hereby waives, any Liabilities against any other party hereto, on any theory of liability, for special, indirect,
consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result
of, this Agreement, any other Loan Document, or any agreement or instrument contemplated hereby or thereby, the Transactions,
any Loan or the use of the proceeds thereof; provided that, nothing in this paragraph shall relieve the Borrower of any
obligation it may have to indemnify an Indemnitee, as provided in the foregoing paragraph, against any special, indirect, consequential
or punitive damages asserted against such Indemnitee by a third party.

 

All amounts due under
this Section 10.5 shall be payable not later than 30 days after receipt of written demand therefor together with reasonably
detailed backup documentation. The agreements in this Section 10.5 shall survive the termination of this Agreement and the
repayment of the Loans and all other amounts payable hereunder.

 

10.6            Successors
and Assigns; Participations and Assignments. (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 (i) the Borrower
may not 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 the Borrower without such consent shall be null and void) and (ii) no Lender
may assign or otherwise transfer its rights or obligations hereunder except in accordance with this Section 10.6.

 

(b)            (i) Subject
to the conditions set forth in paragraph (b)(ii) below, after the Closing Date any Lender may assign to one or more Eligible
Assignees (each, an “Assignee”), all or a portion of its rights and obligations under this Agreement (including
all or a portion of its Commitments and the Loans at the time owing to it) with the prior written consent of:

 

(A)            the
Borrower (such consent not to be unreasonably withheld), provided that no consent of the Borrower shall be required for
an assignment to a Lender, an affiliate of a Lender, an Approved Fund (as defined below) or, if a Specified Event of Default has
occurred and is continuing, any other Person; and provided, further, that the Borrower shall be deemed to have consented
to any such assignment unless the Borrower shall object thereto by written notice to the Administrative Agent within 10 Business
Days after having received notice thereof; and

 

    118

     

    

 

(B)            the
Administrative Agent, provided that no consent of the Administrative Agent shall be required for an assignment of all or
any portion of a Term Loan to a Lender, an affiliate of a Lender or an Approved Fund.

 

(ii)            Assignments
shall be subject to the following additional conditions:

 

(A)            except
in the case of an assignment to a Lender, an affiliate of a Lender or an Approved Fund or an assignment of the entire remaining
amount of the assigning Lender’s Commitments or Loans under any Facility, the amount of the Commitments or Loans of the
assigning Lender subject to each such assignment (determined as of the date the Assignment and Assumption with respect to such
assignment is delivered to the Administrative Agent) shall not be less than $1,000,000) unless each of the Borrower and the Administrative
Agent otherwise consent, provided that (1) no such consent of the Borrower shall be required if a Specified Event
of Default has occurred and is continuing and (2) such amounts shall be aggregated in respect of each Lender and its affiliates
or Approved Funds, if any;

 

(B)            (1) the
parties to each assignment shall execute and deliver to the Administrative Agent an Assignment and Assumption, together with a
processing and recordation fee of $3,500 and (2) the assigning Lender shall have paid in full any amounts owing by it to
the Administrative Agent; and

 

(C)            the
Assignee, if it shall not be a Lender, shall deliver to the Administrative Agent an administrative questionnaire in which the
Assignee designates one or more credit contacts to whom all syndicate-level information (which may contain material non-public
information about the Borrower and its Affiliates and their related parties or their respective securities) will be made available
and who may receive such information in accordance with the Assignee’s compliance procedures and applicable laws, including
Federal and state securities laws.

 

For the purposes of
this Section 10.6, “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 of its business and that
is administered or managed by (a) a Lender, (b) an affiliate of a Lender or (c) an entity or an affiliate of an
entity that administers or manages a Lender.

 

(iii)            Subject
to acceptance and recording thereof pursuant to paragraph (b)(iv) below, from and after the effective date specified in each
Assignment and Assumption the Assignee thereunder shall be a party hereto and, to the extent of the interest assigned by such
Assignment and Assumption, have the rights and obligations of a Lender under this Agreement, and the assigning Lender thereunder
shall, to the extent of the interest assigned by such Assignment and Assumption, be released from its obligations under this Agreement
(and, in the case of an Assignment and Assumption covering all of the assigning Lender’s rights and obligations under this
Agreement, such Lender shall cease to be a party hereto but shall continue to be entitled to the benefits of Sections 2.18, 2.19,
2.20 and 10.5). Any assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply with
this Section 10.6 shall be treated for purposes of this Agreement as a sale by such Lender of a participation in such rights
and obligations in accordance with paragraph (c) of this Section 10.6.

 

    119

     

    

 

(iv)            The
Administrative Agent, acting for this purpose as an agent of the Borrower, shall maintain at one of its offices a copy of each
Assignment and Assumption delivered to it and a register for the recordation of the names and addresses of the Lenders and the
principal amount (and stated interest) of the Loans owing to each Lender pursuant to the terms hereof from time to time (the “Register”).
The entries in the Register shall be conclusive absent manifest error, and the Borrower, 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.

 

(v)            Upon
its receipt of a duly completed Assignment and Assumption executed by an 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 paragraph (b) of this Section 10.6 and any written consent to such assignment required by paragraph
(b) of this Section 10.6, the Administrative Agent shall accept such Assignment and Assumption and record the information
contained therein in the Register. No assignment shall be effective for purposes of this Agreement unless it has been recorded
in the Register as provided in this paragraph.

 

(vi)            Each
assignee, by its execution and delivery of an Assignment and Assumption, shall be deemed to have represented to the assigning
Lender and the Administrative Agent that such assignee is an Eligible Assignee. In no event shall the Administrative Agent be
obligated to ascertain, monitor or inquire as to whether any prospective assignee is an Eligible Assignee or have any liability
with respect to any assignment made to a Disqualified Lender or any other Person that is not an Eligible Assignee

 

(c)            Any
Lender may, without the consent of the Borrower or the Administrative Agent, sell participations to one or more Eligible Assignees
(a “Participant”) in all or a portion of such Lender’s rights and obligations under this Agreement (including
all or a portion of its Commitments and the Loans owing to it); provided that (i) such Lender’s obligations
under this Agreement shall remain unchanged, (ii) such Lender shall remain solely responsible to the other parties hereto
for the performance of such obligations, and (iii) the Borrower, the Administrative Agent and the other Lenders shall continue
to deal solely and directly with such Lender in connection with such Lender’s rights and obligations under this Agreement.
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, modification or waiver of any provision of this Agreement; provided
that such agreement may provide that such Lender will not, without the consent of the Participant, agree to any amendment,
modification or waiver that (i) requires the consent of each Lender directly affected thereby pursuant to the proviso to
the second sentence of Section 10.1 and (ii) directly affects such Participant. Each Lender that sells a participation
agrees, at the Borrower’s request and expense, to use reasonable efforts to cooperate with the Borrower to effectuate the
provisions of Section 2.22 with respect to any Participant. The Borrower agrees that each Participant shall be entitled to
the benefits of Sections 2.18, 2.19 and 2.20 (subject to the requirements and limitations therein, including the requirements
under Section 2.19(f) (it being understood that the documentation required under Section 2.19(f) shall be
delivered to the participating Lender)) to the same extent as if it were a Lender and had acquired its interest by assignment
pursuant to paragraph (b) of this Section 10.6; provided that such Participant (i) agrees to be subject
to the provisions of Sections 2.18 and 2.19 as if it were an assignee under paragraph (b) of this Section 10.6 and (ii) shall
not be entitled to receive any greater payment under Sections 2.18 or 2.19, with respect to any participation, than its participating
Lender would have been entitled to receive, except to the extent that such entitlement to receive a greater payment results from
an adoption of or any change in any Requirement of Law or in the interpretation or application thereof or compliance by any Lender
with any request or directive (whether or not having the force of law) from any central bank or other Governmental Authority made
subsequent to the Closing Date that occurs after the Participant acquired the applicable participation. To the extent permitted
by law, each Participant also shall be entitled to the benefits of Section 10.7(b) as though it were a Lender, provided
such Participant shall be subject to Section 10.7(a) as though it were a Lender. Each Lender that sells a participation
shall, acting solely for this purpose as a non-fiduciary agent of the Borrower, maintain a register on which it enters the name
and address of each Participant and the principal amounts (and stated interest) of each Participant’s interest in the Loans
or other obligations under the Loan Documents (the “Participant Register”); provided that no Lender
shall have any obligation to disclose all or any portion of the Participant Register to any Person (including the identity of
any Participant or any information relating to a Participant’s interest in any Commitments, Loans or its other obligations
under any Loan Document) except to the extent that such disclosure is necessary to establish that such Commitment, Loan or other
obligation is in registered form under Section 5f.103-1(c) of the United States Treasury Regulations. The entries in
the Participant Register shall be conclusive absent manifest error, and such Lender shall treat each Person whose name is recorded
in the Participant Register as the owner of such participation for all purposes of this Agreement notwithstanding any notice to
the contrary. For the avoidance of doubt, the Administrative Agent (in its capacity as Administrative Agent) shall have no responsibility
for maintaining a Participant Register.

 

    120

     

    

 

(d)            Any
Lender 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 or any other central
banking authority, and this Section 10.6 shall not apply to any such pledge or assignment of a security interest; provided
that no such pledge or assignment of a security interest shall release a Lender from any of its obligations hereunder or substitute
any such pledgee or Assignee for such Lender as a party hereto. The Borrower, upon receipt of written notice from the relevant
Lender, agrees to issue Notes to any Lender requiring Notes to facilitate transactions of the type described in this paragraph
(d).

 

(e)            Any
Lender may, so long as no Default or Event of Default has occurred and is continuing and no proceeds of ABL Loans are used, directly
or indirectly, to fund the consideration for any such assignment, at any time assign all or a portion of its rights and obligations
with respect to Term Loans under a Facility under this Agreement to the Borrower through, notwithstanding any other provision
of this Agreement, privately negotiated transactions or open market purchases on a non pro rata basis; provided that, (A) any
Term Loans assigned to the Borrower shall be automatically and permanently cancelled upon the effectiveness of such assignment
and will thereafter no longer be outstanding for any purpose hereunder, and such Term Loans may not be resold (it being understood
and agreed that any gains or losses by the Borrower upon purchase or acquisition and cancellation of such Term Loans shall not
be taken into account in the calculation of Excess Cash Flow, Consolidated Net Income or Consolidated EBITDA) and (B) the
Borrower shall promptly provide notice to the Administrative Agent of such assignment of such Term Loans and the Administrative
Agent, upon receipt of such notice, shall reflect the cancellation of the applicable Term Loans in the Register.

 

(f)            The
list of Disqualified Lenders (i) shall be made available to the Lenders by posting on IntraLinks/IntraAgency or another relevant
Internet or intranet website, if any, to which each Lender and the Administrative Agent have access (whether a commercial, third-party
website or whether sponsored by the Administrative Agent) and (ii) shall be provided to any Lender upon request by such Lender
to the Administrative Agent. A Lender may provide the list of Disqualified Lenders to any potential assignee or participant on
a confidential basis in accordance with Section 10.15 hereof for the purpose of verifying whether such Person is a Disqualified
Lender.

 

(g)            (i) 
If any assignment or participation is made to any Disqualified Lender in violation of this Section 10.6, the Borrower may,
at its sole expense and effort, upon notice to the applicable Disqualified Lender and the Administrative Agent, (A) purchase
or prepay such Term Loan by paying the lowest of (x) the principal amount thereof and (y) the amount that such Disqualified
Lender paid to acquire such Term Loans, in each case plus accrued interest, accrued fees and all other amounts (other than principal
amounts) payable to it hereunder and/or (B) require such Disqualified Lender to assign, without recourse (in accordance with
and subject to the restrictions contained in this Section 10.6), all of its interest, rights and obligations under this Agreement
to one or more Eligible Assignees at the lowest of (x) the principal amount thereof and (y) the amount that such Disqualified
Lender paid to acquire such interests, rights and obligations, in each case plus accrued interest, accrued fees and all other
amounts (other than principal amounts) payable to it hereunder.

 

    121

     

    

 

(ii)            Notwithstanding
anything to the contrary contained in this Agreement, Disqualified Lenders (A) will not (x) have the right to receive
information, reports or other materials provided to Lenders by the Borrower, the Administrative Agent or any other Lender, (y) attend
or participate in meetings attended by the Lenders and the Administrative Agent, or (z) access any electronic site established
for the Lenders or confidential communications from counsel to or financial advisors of the Administrative Agent or the Lenders
and (B) (x) for purposes of any consent to any amendment, waiver or modification of, or any action under, and for the
purpose of any direction to the Administrative Agent or any Lender to undertake any action (or refrain from taking any action)
under this Agreement or any other Loan Document, each Disqualified Lender will be deemed to have consented in the same proportion
as the Lenders that are not Disqualified Lender consented to such matter, and (y) for purposes of voting on any Bankruptcy
Plan, each Disqualified Lender party hereto hereby agrees (1) not to vote on such Bankruptcy Plan, (2) if such Disqualified
Lender does vote on such Bankruptcy Plan notwithstanding the restriction in the foregoing clause (1), such vote will be deemed
not to be in good faith and shall be “designated” pursuant to Section 1126(e) of the Bankruptcy Code (or
any similar provision in any other Debtor Relief Laws), and such vote shall not be counted in determining whether the applicable
class has accepted or rejected such Bankruptcy Plan in accordance with Section 1126(c) of the Bankruptcy Code (or any
similar provision in any other Debtor Relief Laws) and (3) not to contest any request by any party for a determination by
the Bankruptcy Court (or other applicable court of competent jurisdiction) effectuating the foregoing clause (2).

 

10.7            Adjustments;
Set-off. (a)  Except to the extent that this Agreement or a court order expressly provides for payments to be allocated
to a particular Lender or to the Lenders under a particular Facility, if any Lender (a “Benefitted Lender”)
shall receive any payment of all or part of the Obligations owing to it (other than in connection with an assignment made pursuant
to Section 10.6), 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 Section 8(f), or otherwise), in a greater proportion than any such
payment to or collateral received by any other Lender, if any, in respect of the Obligations owing to such other Lender, such
Benefitted Lender shall purchase for cash from the other Lenders a participating interest in such portion of the Obligations owing
to each such other Lender, or shall provide such other Lenders with the benefits of any such collateral, as shall be necessary
to cause such Benefitted Lender to share the excess payment or benefits of such collateral ratably with each of the Lenders; provided,
however, that if all or any portion of such excess payment or benefits is thereafter recovered from such Benefitted Lender,
such purchase shall be rescinded, and the purchase price and benefits returned, to the extent of such recovery, but without interest.

 

(b)            In
addition to any rights and remedies of the Lenders provided by law, each Lender shall have the right, without notice to the Borrower,
any such notice being expressly waived by the Borrower to the extent permitted by applicable law, upon any Obligations becoming
due and payable by the Borrower (whether at the stated maturity, by acceleration or otherwise), to apply to the payment of such
Obligations, by setoff or otherwise, any and all deposits (general or special, time or demand, provisional or final), 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, any affiliate thereof or any of their respective branches or agencies
to or for the credit or the account of the Borrower. Each Lender agrees promptly to notify the Borrower and the Administrative
Agent after any such application made by such Lender, provided that the failure to give such notice shall not affect the
validity of such application.

 

    122

     

    

 

10.8            Counterparts;
Electronic Execution. This Agreement may be executed by one or more of the parties to this Agreement on any number of separate
counterparts, and all of said counterparts taken together shall be deemed to constitute one and the same instrument. Delivery
of an executed counterpart of a signature page of (x) this Agreement, (y) any other Loan Document and/or (z) any
document, amendment, approval, consent, information, notice (including, for the avoidance of doubt, any notice delivered pursuant
to Section 10.2), certificate, request, statement, disclosure or authorization related to this Agreement, any other Loan
Document and/or the transactions contemplated hereby and/or thereby (each an “Ancillary Document”) that is
an Electronic Signature transmitted by telecopy, emailed pdf. or any other electronic means that reproduces an image of an actual
executed signature page shall be effective as delivery of a manually executed counterpart of this Agreement, such other Loan
Document or such Ancillary Document, as applicable. The words “execution,” “signed,” “signature,”
 “delivery,” and words of like import in or relating to this Agreement, any other Loan Document and/or any Ancillary
Document shall be deemed to include Electronic Signatures, deliveries or the keeping of records in any electronic form (including
deliveries by telecopy, emailed pdf. or any other electronic means that reproduces an image of an actual executed signature page),
each of which shall be of the same legal effect, validity or enforceability as a manually executed signature, physical delivery
thereof or the use of a paper-based recordkeeping system, as the case may be; provided that nothing herein shall require
the Administrative Agent to accept Electronic Signatures in any form or format without its prior written consent and pursuant
to procedures approved by it; provided, further, without limiting the foregoing, (i) to the extent the Administrative
Agent has agreed to accept any Electronic Signature, the Administrative Agent and each of the Lenders shall be entitled to rely
on such Electronic Signature purportedly given by or on behalf of the Borrower or any other Loan Party without further verification
thereof and without any obligation to review the appearance or form of any such Electronic signature and (ii) upon the request
of the Administrative Agent or any Lender, any Electronic Signature shall be promptly followed by a manually executed counterpart.
A set of the copies of this Agreement signed by all the parties shall be lodged with the Borrower and the Administrative Agent.
Without limiting the generality of the foregoing, the Borrower and each Loan Party hereby (i) agrees that, for all purposes,
including in connection with any workout, restructuring, enforcement of remedies, bankruptcy proceedings or litigation among the
Administrative Agent, the Lenders, the Borrower and the Loan Parties, Electronic Signatures transmitted by telecopy, emailed pdf.
or any other electronic means that reproduces an image of an actual executed signature page and/or any electronic images
of this Agreement, any other Loan Document and/or any Ancillary Document shall have the same legal effect, validity and enforceability
as any paper original, (ii) the Administrative Agent and each of the Lenders may, at its option, create one or more copies
of this Agreement, any other Loan Document and/or any Ancillary Document in the form of an imaged electronic record in any format,
which shall be deemed created in the ordinary course of such Person’s business, and destroy the original paper document
(and all such electronic records shall be considered an original for all purposes and shall have the same legal effect, validity
and enforceability as a paper record), (iii) waives any argument, defense or right to contest the legal effect, validity
or enforceability of this Agreement, any other Loan Document and/or any Ancillary Document based solely on the lack of paper original
copies of this Agreement, such other Loan Document and/or such Ancillary Document, respectively, including with respect to any
signature pages thereto and (iv) waives any claim against any Lender-Related Person for any liabilities arising solely
from the Administrative Agent’s and/or any Lender’s reliance on or use of Electronic Signatures and/or transmissions
by telecopy, emailed pdf. or any other electronic means that reproduces an image of an actual executed signature page, including
any Liabilities arising as a result of the failure of the Borrower and/or any Loan Party to use any available security measures
in connection with the execution, delivery or transmission of any Electronic Signature

 

    123

     

    

 

10.9            Severability.
Any provision of this Agreement that 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.

 

10.10            Integration.
This Agreement and the other Loan Documents represent the entire agreement of the Borrower, the Administrative Agent and the Lenders
with respect to the subject matter hereof and thereof, and there are no promises, undertakings, representations or warranties
by 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.

 

10.11            GOVERNING
LAW. THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED
AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.

 

10.12            Submission
To Jurisdiction; Waivers. Each of the parties hereto hereby irrevocably and unconditionally:

 

(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, or for recognition and enforcement of any judgment in respect thereof, to the exclusive jurisdiction of the United States
District Court for the Southern District of New York sitting in the Borough of Manhattan (or if such court lacks subject matter
jurisdiction, the Supreme Court of the State of New York sitting in the Borough of Manhattan), and any appellate court from
any thereof; provided, that nothing contained herein or in any other Loan Document will prevent any Lender or the Administrative
Agent from bringing any action to enforce any award or judgment or exercise any right under the Security Documents or against
any Collateral or any other property of any Loan Party in any other forum in which jurisdiction can be established;

 

(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
court and agrees not to plead or claim the same;

 

(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, in the manner set forth in Section 10.2;

 

(d)            agrees
that nothing herein shall affect the right to effect service of process in any other manner permitted by law; and

 

(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 Section 10.12 any indirect, special, exemplary, punitive or consequential damages.

 

    124

     

    

 

10.13            Acknowledgements.
The Borrower hereby acknowledges and agrees that (a) no fiduciary, advisory or agency relationship between the Loan Parties
and the Credit Parties is intended to be or has been created in respect of any of the transactions contemplated by this Agreement
or the other Loan Documents, irrespective of whether the Credit Parties have advised or are advising the Loan Parties on other
matters, and the relationship between the Credit Parties, on the one hand, and the Loan Parties, on the other hand, in connection
herewith and therewith is solely that of creditor and debtor, (b) the Credit Parties, on the one hand, and the Loan Parties,
on the other hand, have an arm’s length business relationship that does not directly or indirectly give rise to, nor do
the Loan Parties rely on, any fiduciary duty to the Loan Parties or their affiliates on the part of the Credit Parties, (c) the
Loan Parties are capable of evaluating and understanding, and the Loan Parties understand and accept, the terms, risks and conditions
of the transactions contemplated by this Agreement and the other Loan Documents, (d) the Loan Parties have been advised that
the Credit Parties are engaged in a broad range of transactions that may involve interests that differ from the Loan Parties’
interests and that the Credit Parties have no obligation to disclose such interests and transactions to the Loan Parties, (e) the
Loan Parties have consulted their own legal, accounting, regulatory and tax advisors to the extent the Loan Parties have deemed
appropriate in the negotiation, execution and delivery of this Agreement and the other Loan Documents, (f) each Credit Party
has been, is, and will be acting solely as a principal and, except as otherwise expressly agreed in writing by it and the relevant
parties, has not been, is not, and will not be acting as an advisor, agent or fiduciary for the Loan Parties, any of their affiliates
or any other Person, (g) none of the Credit Parties has any obligation to the Loan Parties or their affiliates with respect
to the transactions contemplated by this Agreement or the other Loan Documents except those obligations expressly set forth herein
or therein or in any other express writing executed and delivered by such Credit Party and the Loan Parties or any such affiliate
and (h) no joint venture is created hereby or by the other Loan Documents or otherwise exists by virtue of the transactions
contemplated hereby among the Credit Parties or among the Loan Parties and the Credit Parties.

 

10.14            Releases
of Guarantees and Liens. (a)  Upon any sale, transfer or other Disposition by any Loan Party (other than any such sale,
transfer or other Disposition to another Loan Party) of any Collateral in a transaction permitted by this Agreement, including
in connection with a Qualified Securitization Transaction, or upon the effectiveness of any written consent to the release of
the security interest in any Collateral created under any Security Document pursuant to Section 10.1, the security interests
in such Collateral created by the Security Documents shall be automatically released. In connection with any termination or release
pursuant to this clause (a), the Administrative Agent shall execute and deliver to any Loan Party, at such Loan Party’s
expense, all documents that such Loan Party shall reasonably request to evidence such release.

 

(b)            At
such time as the Loans and the other obligations (other than indemnification or reimbursement obligations under Section 2.18,
2.19(a), 2.19(d) or 2.20 for which the Borrower has not been notified and contingent indemnification obligations) under the
Loan Documents shall have been paid in full and the Commitments have been terminated, the Collateral shall be released from the
Liens created by the Security Documents, and the Security Documents and all obligations (other than those expressly stated to
survive such termination) of the Administrative Agent and each Loan Party under the Security Documents shall terminate, all without
delivery of any instrument or performance of any act by any Person. In connection with any termination or release pursuant to
this clause (b), the Administrative Agent shall execute and deliver to any Loan Party, at such Loan Party’s expense, all
documents that such Loan Party shall reasonably request to evidence such termination or release.

 

(c)            Notwithstanding
anything to the contrary contained herein or in any other Loan Document, the Administrative Agent is hereby irrevocably authorized
by each Lender (without requirement of notice to or consent of any Lender except as expressly required by Section 10.1) to
take any action requested by the Borrower having the effect of releasing any Collateral or guarantee obligations (i) to the
extent necessary to permit consummation of any transaction not prohibited by any Loan Document or that has been consented to in
accordance with Section 10.1 or (ii) under the circumstances described in paragraphs (a) or (b) above.

 

    125

     

    

 

10.15            Confidentiality.
Each of the Administrative Agent and each Lender agrees to keep confidential all non-public information provided to it by any
Loan Party, the Administrative Agent or any Lender pursuant to or in connection with this Agreement; provided that nothing
herein shall prevent the Administrative Agent or any Lender from disclosing any such information (a) to the Administrative
Agent, any other Lender or any affiliate thereof, (b) subject to an agreement to comply with the provisions of this Section 10.15,
to any actual or prospective Transferee or any direct or indirect counterparty to any Swap Agreement (or any professional advisor
to such counterparty), (c) to its employees, directors, agents, attorneys, accountants and other professional advisors or
those of any of its affiliates, in each case, who are bound to maintain the confidentiality of such information, (d) upon
the request or demand of any Governmental Authority or in response to any order or subpoena of any court or other Governmental
Authority or as may otherwise be required pursuant to any Requirement of Law, (e) that has been publicly disclosed not in
breach of this Section 10.15 or becomes available to the Administrative Agent or such Lender on a non-confidential basis
from a source that is not to the Administrative Agent’s or such Lender’s knowledge subject to confidentiality obligations
to any Loan Party, (f) to the National Association of Insurance Commissioners or any similar organization or any nationally
recognized rating agency that requires access to information about a Lender’s investment portfolio in connection with ratings
issued with respect to such Lender, (g) in connection with the exercise of any remedy hereunder or under any other Loan Document,
(h) to data service providers (including league table providers) that serve the lending industry to the extent such information
is of the type customarily provided to such providers or (i) if agreed by the Borrower in its sole discretion, to any other
Person.

 

Each Lender acknowledges
that information furnished to it pursuant to this Agreement or the other Loan Documents may include material non-public information
concerning the Borrower and its Affiliates and their Related Parties or their respective securities, and confirms that it has
developed compliance procedures regarding the use of material non-public information and that it will handle such material non-public
information in accordance with those procedures and applicable law, including Federal and state securities laws.

 

All information, including
requests for waivers and amendments, furnished by the Borrower or the Administrative Agent pursuant to, or in the course of administering,
this Agreement or the other Loan Documents will be syndicate-level information, which may contain material non-public information
about the Borrower and its Affiliates and their Related Parties or their respective securities. Accordingly, each Lender represents
to the Borrower and the Administrative Agent that it has identified in its administrative questionnaire a credit contact who may
receive information that may contain material non-public information in accordance with its compliance procedures and applicable
law, including Federal and state securities laws.

 

The Borrower represents
and warrants that it and its Subsidiaries either (i) have no registered or publicly traded securities outstanding, or (ii) files
its financial statements with the SEC and/or makes its financial statements available to potential holders of its 144A securities,
and, accordingly, the Borrower hereby (i) authorizes the Administrative Agent to make the financial statements to be provided
under Section 6.1(a) and (b), along with the Loan Documents, available to Public-Siders and (ii) agrees that at
the time such financial statements are provided hereunder, they shall already have been made available to holders of its securities.
The Borrower will not request that any other material be posted to Public-Siders without expressly representing and warranting
to the Administrative Agent in writing that such materials do not constitute material non-public information within the meaning
of the federal securities laws or that the Borrower and its Subsidiaries have no outstanding publicly traded securities, including
144A securities. For the avoidance of doubt, the Projections shall not be posted to Public-Siders.

 

    126

     

    

 

The Borrower hereby
acknowledges that (a) the Administrative Agent will make available to the Lenders materials and/or information provided by
or on behalf of the Loan Parties hereunder (collectively, the “Borrower Materials”) by posting the Borrower
Materials on IntraLinks/IntraAgency or another similar electronic system (the “Platform”) and (b) certain
of the Lenders may be Public-Siders. If any Borrower Materials are designated by the Loan Parties as “PRIVATE”, such
Borrower Materials will not be made available to that portion of the Platform designated “Public Investor,” which
is intended to contain only information that is either publicly available or not material information (though it may be sensitive
and proprietary) with respect to Borrower, its Subsidiaries or their securities for purposes of federal and state securities laws.
The Administrative Agent shall be entitled to treat any Borrower Materials that are not marked “PRIVATE” or “CONFIDENTIAL”
as not containing any material non-public information with respect to the Borrower, its Subsidiaries or their securities for purposes
of federal and state securities laws.

 

10.16            WAIVERS
OF JURY TRIAL. THE BORROWER, THE ADMINISTRATIVE AGENT AND THE LENDERS HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVE
TRIAL BY JURY IN ANY LEGAL ACTION OR PROCEEDING RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT AND FOR ANY COUNTERCLAIM
THEREIN.

 

10.17            USA
Patriot Act. Each Lender hereby notifies the Borrower that pursuant to the requirements of the USA Patriot Act (Title III
of Pub. L. 107-56 (signed into law October 26, 2001)) (the “Patriot Act”), it is required to obtain, verify
and record information that identifies the Borrower, which information includes the name and address of the Borrower and other
information that will allow such Lender to identify the Borrower in accordance with the Patriot Act.

 

10.18            Intercreditor
Agreements. Each Lender hereby authorizes and directs the Administrative Agent (a) to enter into the Intercreditor Agreements
on its behalf, perform the Intercreditor Agreements on its behalf and take any actions thereunder as determined by the Administrative
Agent to be necessary or advisable to protect the interest of the Lenders, and each Lender agrees to be bound by the terms of
the Intercreditor Agreements and (b) to enter into any other intercreditor agreement reasonably satisfactory to the Administrative
Agent on its behalf, perform such intercreditor agreement on its behalf and take any actions thereunder as determined by the Administrative
Agent to be necessary or advisable to protect the interests of the Lenders, in each case with respect to this clause (b) which
intercreditor agreement is expressly required under this Agreement or the Administrative Agent deems necessary or advisable to
protect the interests of the Lenders, and each Lender agrees to be bound by the terms of such intercreditor agreement. Each Lender
acknowledges that the ABL/Fixed Asset Intercreditor Agreement governs, among other things, Lien priorities and rights of the Lenders
and the ABL Secured Parties (as defined in the ABL/Fixed Asset Intercreditor Agreement) with respect to the Collateral, including
the ABL Priority Collateral.

 

10.19            Acknowledgement
and Consent to Bail-In of Affected Financial Institutions. Notwithstanding anything to the contrary in any Loan Document or
in any other agreement, arrangement or understanding among any such parties, each party hereto acknowledges that any liability
of any Affected Financial Institution arising under any Loan Document may be subject to the Write-Down and Conversion Powers of
the applicable Resolution Authority and agrees and consents to, and acknowledges and agrees to be bound by:

 

(a)            the
application of any Write-Down and Conversion Powers by the applicable Resolution Authority to any such liabilities arising hereunder
which may be payable to it by any party hereto that is an Affected Financial Institution; and

 

(b)            the
effects of any Bail-In Action on any such liability, including, if applicable:

 

    127

     

    

 

(i)            a
reduction in full or in part or cancellation of any such liability;

 

(ii)            a
conversion of all, or a portion of, such liability into shares or other instruments of ownership in such Affected Financial Institution,
its parent entity, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other
instruments of ownership will be accepted by it in lieu of any rights with respect to any such liability under this Agreement
or any other Loan Document; or

 

(iii)            the
variation of the terms of such liability in connection with the exercise of the Write-Down and Conversion Powers of the applicable
Resolution Authority.

 

10.20            Acknowledgement
Regarding Any Supported QFCs. To the extent that the Loan Documents provide support, through
a guarantee or otherwise, for hedging agreements or any other agreement or instrument that is a QFC (such support “QFC
Credit Support” and each such QFC a “Supported QFC”), the parties acknowledge and agree as follows
with respect to the resolution power of the Federal Deposit Insurance Corporation under the Federal Deposit Insurance Act and
Title II of the Dodd-Frank Wall Street Reform and Consumer Protection Act (together with the regulations promulgated thereunder,
the “U.S. Special Resolution Regimes”) in respect of such Supported QFC and QFC Credit Support (with the provisions
below applicable notwithstanding that the Loan Documents and any Supported QFC may in fact be stated to be governed by the laws
of the State of New York and/or of the United States or any other state of the United States).

 

In the event a Covered Entity that is
party to a Supported QFC (each, a “Covered Party”) becomes subject to a proceeding under a U.S. Special Resolution
Regime, the transfer of such Supported QFC and the benefit of such QFC Credit Support (and any interest and obligation in or under
such Supported QFC and such QFC Credit Support, and any rights in property securing such Supported QFC or such QFC Credit Support)
from such Covered Party will be effective to the same extent as the transfer would be effective under the U.S. Special Resolution
Regime if the Supported QFC and such QFC Credit Support (and any such interest, obligation and rights in property) were governed
by the laws of the United States or a state of the United States. In the event a Covered Party or a BHC Act Affiliate of a Covered
Party becomes subject to a proceeding under a U.S. Special Resolution Regime, Default Rights under the Loan Documents that might
otherwise apply to such Supported QFC or any QFC Credit Support that may be exercised against such Covered Party are permitted
to be exercised to no greater extent than such Default Rights could be exercised under the U.S. Special Resolution Regime if the
Supported QFC and the Loan Documents were governed by the laws of the United States or a state of the United States. Without limitation
of the foregoing, it is understood and agreed that rights and remedies of the parties with respect to a Defaulting Lender shall
in no event affect the rights of any Covered Party with respect to a Supported QFC or any QFC Credit Support.

 

[Remainder of this page intentionally
left blank. Signature pages follow.]

 

    128

     

    

 

EXECUTED as of the
date first above written.

 

	BORROWER	 RENT-A-CENTER, INC.

 

	 	By:	/s/ Maureen B. Short
	 	Name:	Maureen B. Short
	 	Title:	Executive Vice President – Chief Financial Officer

 

[Signature Page to Term Loan Credit
Agreement]

 

    

     

    

 

	ADMINISTRATIVE AGENT, AND A LENDER	JPMORGAN CHASE BANK, N.A.

 

	 	By:	/s/ Alexander Vardaman
	 	Name:	Alexander Vardaman
	 	Title:	Authorized Signatory

 

[Signature Page to Term Loan Credit
Agreement]

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00321-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00321-of-00352.parquet"}]]