Document:

EXHIBIT 4.1

  

   

    

  EXECUTION VERSION

    

  

  

  

  

  
    
 

  
     

    

    SPECTRUM BRANDS, INC.

    as Issuer

    the Guarantors party hereto

    and

    US BANK NATIONAL ASSOCIATION

      as Trustee

    Indenture

      Dated as of June 30, 2020

    5.50% Senior Notes due 2030

     

    

    
      
 

    
      

      

      

      

    

    

    

    
      
        

    

    
    TABLE OF CONTENTS

    	
            ARTICLE 1

          	
            Definitions and Incorporation by Reference

          	
            1

          
	 	
            Section 1.01

          	
            Definitions

          	
            1

          
	 	
            Section 1.02

          	
            Rules of Construction

          	
            32

          
	
            ARTICLE 2

          	
            The Notes

          	
            32

          
	 	
            Section 2.01

          	
            Form, Dating and Denominations; Legends

          	
            32

          
	 	
            Section 2.02

          	
            Execution and Authentication; Additional Notes

          	
            33

          
	 	
            Section 2.03

          	
            Registrar, Paying Agent and Authenticating Agent; Paying Agent to Hold Money in Trust

          	
            34

          
	 	
            Section 2.04

          	
            Replacement Notes

          	
            35

          
	 	
            Section 2.05

          	
            Outstanding Notes

          	
            35

          
	 	
            Section 2.06

          	
            Temporary Notes

          	
            36

          
	 	
            Section 2.07

          	
            Cancellation

          	
            36

          
	 	
            Section 2.08

          	
            CUSIP and ISIN Numbers

          	
            36

          
	 	
            Section 2.09

          	
            Registration, Transfer and Exchange

          	
            36

          
	 	
            Section 2.10

          	
            Restrictions on Transfer and Exchange

          	
            39

          
	 	
            Section 2.11

          	
            Temporary Offshore Global Notes

          	
            41

          
	
            ARTICLE 3

          	
            Redemption; Offer to Purchase

          	
            42

          
	 	
            Section 3.01

          	
            Optional Redemption

          	
            42

          
	 	
            Section 3.02

          	
            Redemption with Proceeds of Equity Offering

          	
            42

          
	 	
            Section 3.03

          	
            Method and Effect of Redemption

          	
            42

          
	 	
            Section 3.04

          	
            Offer to Purchase

          	
            44

          
	 	
            Section 3.05

          	
            Mandatory Redemption

          	
            46

          
	
            ARTICLE 4

          	
            Covenants

          	
            46

          
	 	
            Section 4.01

          	
            Payment of Notes

          	
            46

          
	 	
            Section 4.02

          	
            Maintenance of Office or Agency

          	
            46

          
	 	
            Section 4.03

          	
            Existence

          	
            47

          
	 	
            Section 4.04

          	
            Payment of Taxes and other Claims

          	
            47

          
	 	
            Section 4.05

          	
            Maintenance of Properties and Insurance

          	
            47

          
	 	
            Section 4.06

          	
            Limitation on Incurrence of Indebtedness and Issuance of Preferred Stock

          	
            47

          
	 	
            Section 4.07

          	
            Limitation on Restricted Payments

          	
            52

          
	 	
            Section 4.08

          	
            Limitation on Liens

          	
            57

          
	 	
            Section 4.09

          	
            Limitation on Dividend and other Payment Restrictions Affecting Restricted Subsidiaries

          	
            58

          
	 	
            Section 4.10

          	
            Guarantees

          	
            60

          
	 	
            Section 4.11

          	
            Repurchase of Notes Upon a Change of Control

          	
            60

          
	 	
            Section 4.12

          	
            Limitation on Asset Sales

          	
            62

          
	 	
            Section 4.13

          	
            Limitation on Transactions with Affiliates

          	
            64

          
	 	
            Section 4.14

          	
            Designation of Restricted and Unrestricted Subsidiaries

          	
            66

          
	 	
            Section 4.15

          	
            Anti-Layering

          	
            68

          
	 	
            Section 4.16

          	
            Reports

          	
            68

          

    

    

    
      i

      
        

    

    

    

    

    

    	 	
            Section 4.17

          	
            Reports to Trustee

          	
            69

          
	 	
            Section 4.18

          	
            Limitation on Activities of Holdings

          	
            69

          
	 	
            Section 4.19

          	
            Suspension of Certain Covenants

          	
            69

          
	
            ARTICLE 5

          	
            Consolidation, Merger or Sale of Assets

          	
            70

          
	 	
            Section 5.01

          	
            Consolidation, Merger or Sale of Assets

          	
            70

          
	
            ARTICLE 6

          	
            Default and Remedies

          	
            71

          
	 	
            Section 6.01

          	
            Events of Default

          	
            71

          
	 	
            Section 6.02

          	
            Acceleration

          	
            73

          
	 	
            Section 6.03

          	
            Other Remedies

          	
            73

          
	 	
            Section 6.04

          	
            Waiver of Past Defaults

          	
            73

          
	 	
            Section 6.05

          	
            Control by Majority

          	
            73

          
	 	
            Section 6.06

          	
            Limitation on Suits

          	
            73

          
	 	
            Section 6.07

          	
            Rights of Holders to Receive Payment

          	
            74

          
	 	
            Section 6.08

          	
            Collection Suit by Trustee

          	
            74

          
	 	
            Section 6.09

          	
            Trustee May File Proofs of Claim

          	
            74

          
	 	
            Section 6.10

          	
            Priorities

          	
            75

          
	 	
            Section 6.11

          	
            Restoration of Rights and Remedies

          	
            75

          
	 	
            Section 6.12

          	
            Undertaking for Costs

          	
            75

          
	 	
            Section 6.13

          	
            Rights and Remedies Cumulative

          	
            75

          
	 	
            Section 6.14

          	
            Delay or Omission Not Waiver

          	
            75

          
	 	
            Section 6.15

          	
            Waiver of Stay, Extension or Usury Laws

          	
            76

          
	
            ARTICLE 7

          	
            The Trustee

          	
            76

          
	 	
            Section 7.01

          	
            General

          	
            76

          
	 	
            Section 7.02

          	
            Certain Rights of Trustee. Subject to Trust
                Indenture Act Sections 315(a) through (d):

          	
            76

          
	 	
            Section 7.03

          	
            Individual Rights of Trustee

          	
            77

          
	 	
            Section 7.04

          	
            Trustee’s Disclaimer

          	
            78

          
	 	
            Section 7.05

          	
            Notice of Default

          	
            78

          
	 	
            Section 7.06

          	
            [Reserved]

          	
            78

          
	 	
            Section 7.07

          	
            Compensation And Indemnity

          	
            78

          
	 	
            Section 7.08

          	
            Replacement of Trustee

          	
            79

          
	 	
            Section 7.09

          	
            Successor Trustee by Merger

          	
            80

          
	 	
            Section 7.10

          	
            Eligibility

          	
            80

          
	 	
            Section 7.11

          	
            Money Held in Trust

          	
            80

          
	
            ARTICLE 8

          	
            Legal Defeasance and Covenant Defeasance; Satisfaction and Discharge

          	
            80

          
	 	
            Section 8.01

          	
            Option to Effect Legal Defeasance or Covenant Defeasance

          	
            80

          
	 	
            Section 8.02

          	
            Legal Defeasance and Discharge

          	
            80

          
	 	
            Section 8.03

          	
            Covenant Defeasance

          	
            81

          
	 	
            Section 8.04

          	
            Conditions to Legal Defeasance or Covenant Defeasance

          	
            81

          
	 	
            Section 8.05

          	
            Satisfaction and Discharge of Indenture

          	
            83

          
	 	
            Section 8.06

          	
            Survival of Certain Obligations

          	
            84

          

    

    

    
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            Section 8.07

          	
            Acknowledgment of Discharge by Trustee

          	
            84

          
	 	
            Section 8.08

          	
            Deposited Money and Cash Equivalents to Be Held in Trust; Other Miscellaneous Provisions

          	
            84

          
	 	
            Section 8.09

          	
            Repayment to Company

          	
            84

          
	 	
            Section 8.10

          	
            Indemnity for Government Securities

          	
            85

          
	 	
            Section 8.11

          	
            Reinstatement

          	
            85

          
	
            ARTICLE 9

          	
            Amendment, Supplement and Waivers

          	
            85

          
	 	
            Section 9.01

          	
            Amendments Without Consent of Holders

          	
            85

          
	 	
            Section 9.02

          	
            Amendments With Consent of Holders

          	
            86

          
	 	
            Section 9.03

          	
            [Reserved]

          	
            87

          
	 	
            Section 9.04

          	
            Revocation and Effect of Consents

          	
            87

          
	 	
            Section 9.05

          	
            Notation on or Exchange of Notes

          	
            87

          
	 	
            Section 9.06

          	
            Trustee to Sign Amendments, Etc

          	
            88

          
	
            ARTICLE 10

          	
            Guarantees

          	
            88

          
	 	
            Section 10.01

          	
            The Guarantees

          	
            88

          
	 	
            Section 10.02

          	
            Guarantee Unconditional

          	
            88

          
	 	
            Section 10.03

          	
            Discharge; Reinstatement

          	
            89

          
	 	
            Section 10.04

          	
            Waiver by the Guarantors

          	
            89

          
	 	
            Section 10.05

          	
            Subrogation and Contribution

          	
            89

          
	 	
            Section 10.06

          	
            Stay of Acceleration

          	
            89

          
	 	
            Section 10.07

          	
            Limitation on Amount of Guarantee

          	
            89

          
	 	
            Section 10.08

          	
            Execution and Delivery of Guarantee

          	
            90

          
	 	
            Section 10.09

          	
            Release of Guarantee

          	
            90

          
	
            ARTICLE 11

          	
            Miscellaneous

          	
            90

          
	 	
            Section 11.01

          	
            [Reserved]

          	
            90

          
	 	
            Section 11.02

          	
            Noteholder Communications; Noteholder Actions

          	
            91

          
	 	
            Section 11.03

          	
            Notices

          	
            91

          
	 	
            Section 11.04

          	
            Certificate and Opinion as to Conditions Precedent

          	
            92

          
	 	
            Section 11.05

          	
            Statements Required in Certificate or Opinion

          	
            92

          
	 	
            Section 11.06

          	
            Payment Date Other Than a Business Day

          	
            93

          
	 	
            Section 11.07

          	
            Governing Law

          	
            93

          
	 	
            Section 11.08

          	
            No Adverse Interpretation of Other Agreements

          	
            93

          
	 	
            Section 11.09

          	
            Successors

          	
            93

          
	 	
            Section 11.10

          	
            Duplicate Originals

          	
            93

          
	 	
            Section 11.11

          	
            Separability

          	
            93

          
	 	
            Section 11.12

          	
            Table of Contents and Headings

          	
            94

          
	 	
            Section 11.13

          	
            No Liability of Directors, Officers, Employees and Stockholders

          	
            94

          
	 	
            Section 11.14

          	
            Benefits of Indenture

          	
            94

          
	 	
            Section 11.15

          	
            Rules by Trustee and Agents

          	
            94

          

    

    

    
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    EXHIBITS

    EXHIBIT A          Form of Note

    EXHIBIT B          Form of Supplemental Indenture related to the Guarantors

    EXHIBIT C          Restricted Legend

    EXHIBIT D          DTC Legend

    EXHIBIT E          Regulation S Certificate

    EXHIBIT F          Rule 144A Certificate

    EXHIBIT G          Institutional Accredited Investor Certificate

    EXHIBIT H          Certificate of Beneficial Ownership

    EXHIBIT I          Temporary Offshore Global Note Legend

    

    

    

    

    
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    INDENTURE, dated as of June 30, 2020, among Spectrum Brands, Inc., a Delaware corporation, as the Company, the Guarantors party hereto and
      US Bank National Association, as Trustee.

    RECITALS

    The Company has duly authorized the execution and delivery of the Indenture to provide for the issuance of up to $300,000,000 aggregate
      principal amount of the Company’s 5.50% Senior Notes Due 2030, and, if and when issued, any Additional Notes (the “Notes”). All things necessary to make the Indenture a valid agreement of the Company, in accordance with its terms, have been
      done, and the Company has done all things necessary to make the Notes (in the case of the Additional Notes, when duly authorized), when executed by the Company and authenticated and delivered by the Trustee and duly issued by the Company, the valid
      obligations of the Company as hereinafter provided.

    In addition, the Guarantors party hereto have duly authorized the execution and delivery of the Indenture as guarantors of the Notes. All
      things necessary to make the Indenture a valid agreement of each Guarantor, in accordance with its terms, have been done, and each Guarantor has done all things necessary to make the Note Guarantees, when the Notes are executed by the Company and
      authenticated and delivered by the Trustee and duly issued by the Company, the valid obligations of such Guarantor as hereinafter provided.

    This Indenture will not be qualified under the Trust Indenture Act and this Indenture will not be deemed to include any of the terms set
      forth in the Trust Indenture Act, unless such terms are expressly included in this Indenture.

    THIS INDENTURE WITNESSETH

    For and in consideration of the premises and the purchase of the Notes by the Holders thereof, the parties hereto covenant and agree, for
      the equal and proportionate benefit of all Holders, as follows:

    ARTICLE 1

      

        Definitions and Incorporation by Reference

    Section 1.01          Definitions.

    “AAG Acquisition” means the acquisition of all of the equity interests of Armored AutoGroup Parent Inc. pursuant to the AAG Merger
      Agreement.

    “AAG Merger Agreement” means the Agreement and Plan of Merger by and among Armored AutoGroup Parent Inc., Spectrum Brands Holdings,
      Inc., Ignite Merger Sub, Inc. and, solely in its capacity as representative, Avista Capital Partners II GP, LLC, dated as of April 28, 2015, in relation to the AAG Acquisition and as amended from time to time.

    “Acquired Debt” means, with respect to any specified Person:

    
      
        

    

    
    (1)          Indebtedness of any other Person existing at the time
        such other Person is merged with or into, or becomes a Subsidiary of, such specified Person, whether or not such Indebtedness is incurred in connection with, or in contemplation of, such other Person merging with or into, or becoming a Subsidiary
        of, such specified Person; and

    (2)          Indebtedness secured by a Lien encumbering any asset
        acquired by such specified Person.

    Acquired Debt will be deemed to have been incurred, with respect to clause (1) of the preceding sentence, on the date such Person becomes a Restricted
      Subsidiary and, with respect to clause (2) of the preceding sentence, on the date of consummation of such acquisition of such assets.

    “Additional Notes” means any notes issued under this Indenture in addition to the Initial Notes, having the same terms in all
      respects as the Initial Notes, or in all respects except with respect to issue price and interest accrued on or prior to the issue date thereof.

    “Affiliate” of any specified Person means any other Person directly or indirectly controlling or controlled by or under direct or
      indirect common control with such specified Person. For purposes of this definition, “control,” as used with respect to any Person, shall mean the possession, directly or indirectly, of the power to direct or cause the direction of the
      management or policies of such Person, whether through the ownership of voting securities, by agreement or otherwise. For purposes of this definition, the terms “controlling,” “controlled by” and “under common control with” shall have correlative
      meanings; provided further that Paula Grundstücksverwaltungsgesellschaft mbH & Co. Vermietungs-KG, Mannheim shall not be deemed an Affiliate of the Company or any of its Restricted Subsidiaries solely by virtue of the beneficial
      ownership by the Company or its Restricted Subsidiaries of up to 20% of the Voting Stock of such entity.

    “Affiliate Transaction” has the meaning assigned to such term in Section 4.13.

    “Agent” means any Registrar, Paying Agent or Authenticating Agent.

    “Agent Member” means a member of, or a participant in, the Depositary.

    “Applicable Premium” means, with respect to any Note on any redemption date, the greater of (1) 1.0% of the principal amount of such
      Note; or (2) the excess of (a) the present value at such redemption date of (i) the redemption price of such Note at July 15, 2025 (as stated in the table in Section 3.01), plus (ii) all required interest payments due on such Note through
      July 15, 2025 excluding accrued but unpaid interest to the applicable redemption date, computed using a discount rate equal to the Treasury Rate as of such redemption date plus 50 basis points; over (b) the principal amount of such Note.

    “Asset Sale” means:

    (1)          the sale, lease, conveyance or other disposition of
        any property or assets of the Company or any Restricted Subsidiary; provided that the sale, conveyance or other disposition of all or substantially all of the assets of the Company and its Restricted Subsidiaries taken as a whole will be
        governed by Section 4.11 and/or Article 5 and not by Section 4.12; and

    
      2

      
        

    

    (2)          the issuance of Equity Interests (other than
        directors’ qualifying shares) by any of the Company’s Restricted Subsidiaries or the sale by the Company or any Restricted Subsidiary of Equity Interests (other than directors’ qualifying shares) in any of its Subsidiaries.

    Notwithstanding the preceding, the following are not included in the definition of “Asset Sale”:

    (1)          any single transaction or series of related
        transactions that involves assets having a fair market value of less than $50.0 million;

    (2)          a transfer of assets between or among the Company and
        its Restricted Subsidiaries;

    (3)          an issuance of Equity Interests by a Restricted
        Subsidiary to the Company or to another Restricted Subsidiary;

    (4)          the sale, lease, assignment or other disposition of
        equipment, inventory, accounts receivable or other assets in the ordinary course of business or consistent with past business practice and any other non-recourse factoring of accounts receivable pursuant to a factoring program sponsored by a
        retailer of national standing in partnership with a financial institution or otherwise entered into by the Company or any of its Subsidiaries with a financial institution;

    (5)          the sale or other disposition of Cash Equivalents;

    (6)          a Permitted Investment or Restricted Payment that is
        permitted by Section 4.07;

    (7)          any sale or disposition of any property or equipment
        that has become damaged, worn out, obsolete or otherwise unsuitable or no longer used or required for use in the ordinary course of the business of the Company or its Restricted Subsidiaries;

    (8)          the licensing of intellectual property in the
        ordinary course of business;

    (9)          any sale or other disposition deemed to occur with
        creating or granting a Lien not otherwise prohibited by the Indenture;

    (10)          any surrender or waiver of contract rights pursuant
        to a settlement, release, recovery on or surrender of contract, tort or other claims of any kind;

    (11)          foreclosure or any similar action with respect to
        any property or other asset of the Company or any of its Restricted Subsidiaries, which foreclosure or other similar action does not otherwise constitute a Default;

    (12)          to the extent allowable under Section 1031 of the
        Internal Revenue Code of 1986, any exchange of like property (excluding any boot thereon) for use in a Permitted Business;

    
      3

      
        

    

    (13)          the unwinding of any Hedging Obligation; and

    (14)          any disposition (including by capital contribution)
        of Securitization Assets pursuant to, or in connection with, Permitted Securitization Financings.

    For purposes of this definition, any series of related transactions that, if effected as a single transaction, would constitute an Asset
      Sale, shall be deemed to be a single Asset Sale effected when the last such transaction which is a part thereof is effected.

    “Authenticating Agent” refers to a Person engaged to authenticate the Notes in the stead of the Trustee.

    “Beneficial Owner” has the meaning assigned to such term in Rule 13d-3 and Rule 13d-5 under the Exchange Act, except that in
      calculating the beneficial ownership of any particular “person” (as that term is used in Section 13(d)(3) of the Exchange Act), such “person” shall be deemed to have beneficial ownership of all securities that such “person” has the right to acquire
      by conversion or exercise of other securities, whether such right is currently exercisable or is exercisable only upon the occurrence of a subsequent condition. The terms “Beneficially Owns” and “Beneficially Owned” shall have a corresponding
      meaning.

    “Board of Directors” means:

    (1)          with respect to a corporation, the board of directors
        of the corporation or any direct or indirect parent company of such corporation, or any duly authorized committee thereof having the authority of the full board with respect to the determination to be made;

    (2)          with respect to a limited liability company, any
        managing member thereof or, if managed by managers, the board of managers thereof, or any duly authorized committee thereof having the authority of the full board with respect to the determination to be made;

    (3)          with respect to a partnership, the Board of Directors
        of the general partner of the partnership; and

    (4)          with respect to any other Person, the board or
        committee of such Person or any direct or indirect parent company of such Person serving a similar function.

    “Board Resolution” means a resolution duly adopted by the Board of Directors which is certified by the Secretary or an Assistant
      Secretary of the Company and remains in full force and effect as of the date of its certification.

    “Borrowing Base” means the sum of (A) 80% of the net book value of accounts receivable of the Company and its Restricted Subsidiaries
      and (B) 60% of the net book value of inventory of the Company and its Restricted Subsidiaries (with accounts receivable and inventory calculated on the basis that all Investments, acquisitions, dispositions, mergers, consolidations and disposed
      operations that have been made by the Company and its Restricted Subsidiaries prior to or substantially contemporaneous with the date of any calculation shall be included or excluded, as the case may be, on a pro forma basis with such
      calculations made in good faith by a responsible financial or accounting officer of the Company).

    
      4

      
        

    

    “Business Day” means any day except a Saturday, Sunday or other day on which commercial banks in New York City or in the city where
      the Corporate Trust Office of the Trustee is located are authorized by law to close.

    “Capital Lease Obligation” means, at the time any determination thereof is to be made, the amount of the liability in respect of a
      capital lease that would at that time be required to be capitalized on a balance sheet in accordance with GAAP.

    “Capital Stock” means:

    (1)          in the case of a corporation, corporate stock;

    (2)          in the case of an association or business entity, any
        and all shares, interests, participations, rights or other equivalents (however designated) of corporate stock;

    (3)          in the case of a partnership or limited liability
        company, partnership or membership interests (whether general or limited); and

    (4)          any other interest or participation that confers on a
        Person the right to receive a share of the profits and losses of, or distributions of assets of, the issuing Person.

    “Cash Equivalents” means (a) United States dollars, Euros, British Pounds Sterling or any other currencies received in the ordinary
      course of business; (b) securities issued or directly and fully guaranteed or insured by the United States government or any agency or instrumentality thereof (provided that the full faith and credit of the United States is pledged in support
      thereof) having maturities of not more than one year from the date of acquisition; (c) time deposits, certificates of deposit and eurodollar time deposits with maturities of one year or less from the date of acquisition, bankers’ acceptances with
      maturities not exceeding one year and overnight bank deposits, in each case, with any bank or trust company organized or licensed under the laws of the United States or any state thereof or the District of Columbia whose short-term debt is rated
      “A-2” or higher by S&P or “P-2” or higher by Moody’s; (d) repurchase obligations with a term of not more than seven days for underlying securities of the types described in clauses (b) and (c) above entered into with any financial institution
      meeting the qualifications specified in clause (c) above; (e) commercial paper having at least a “P-1” rating from Moody’s or “A-1” from S&P and in each case maturing within nine months after the date of acquisition; (f) marketable direct
      obligations issued by any state of the United States of America or any political subdivision of any such state or any public instrumentality thereof having the highest ratings obtainable from Moody’s or S&P and maturing within six months from the
      date of acquisition thereof; (g) money market funds at least 95% of the assets of which constitute Cash Equivalents of the kinds described in clauses (a) through (f) of this definition; and (h) in the case of a Foreign Subsidiary, substantially
      similar investments, of comparable credit quality, denominated in local currency held by such Foreign Subsidiary from time to time in the ordinary course of business.

    “Cash Management Obligations” means, with respect to any Person, all obligations, whether now owing or hereafter arising, of such
      Person in respect of overdrafts and related liabilities or arising from (i) services in connection with operating, collections, payroll, trust or other depository or disbursement accounts, including automated clearinghouse,

    
      5

      
        

    

    e-payable, electronic funds transfer, wire transfer, controlled disbursement, overdraft, depository, information reporting, lockbox or stop payment services,
      (ii) commercial credit card and merchant card services; and (iii) other banking products or services (other than letters of credit and leases).

    “Certificate of Beneficial Ownership” means a certificate substantially in the form of Exhibit H.

    “Certificated Note” means a Note in registered individual form without interest coupons.

    “Change of Control” means the occurrence of any of the following:

    (1)          the direct or indirect sale, transfer, conveyance or
        other disposition (other than by way of merger or consolidation), in one or a series of related transactions, of all or substantially all of the properties or assets of the Company and its Restricted Subsidiaries, taken as a whole, to any “person”
        (as that term is used in Section 13(d)(3) of the Exchange Act);

    (2)          the adoption of a plan relating to the liquidation or
        dissolution of the Company;

    (3)          any “person” or “group” (as such terms are used in
        Sections 13(d) and 14(d) of the Exchange Act) becomes the ultimate Beneficial Owner, directly or indirectly, of 50% or more of the voting power of the Voting Stock of the Company or Holdings;

    (4)          the first day on which a majority of the members of
        the Board of Directors of the Company are not Continuing Directors; or

    (5)          Holdings ceases to directly own all Capital Stock of
        the Company.

    For purposes of this definition, (i) any direct or indirect holding company of the Company (including Holdings) shall not itself be
      considered a Person for purposes of clause (3) or (5) above or a “person” or “group” for purposes of clause (3) or (5) above, provided that no “person” or “group” (other than another such holding company) Beneficially Owns, directly or indirectly,
      more than 50% of the voting power of the Voting Stock of such company, and a majority of the Voting Stock of such holding company immediately following it becoming the holding company of the Company is Beneficially Owned by the Persons who
      Beneficially Owned the voting power of the Voting Stock of the Company immediately prior to it becoming such holding company and (ii) a Person shall not be deemed to have beneficial ownership of securities subject to a stock purchase agreement,
      merger agreement or similar agreement until the consummation of the transactions contemplated by such agreement.

    “Change of Control Offer” has the meaning assigned to such term in Section 4.11.

    “Change of Control Payment” has the meaning assigned to such term in Section 4.11.

     “Change of Control Payment Date” has the meaning assigned to such term in Section 4.11.

    
      6

      
        

    

    “Code” means the Internal Revenue Code of 1986, as amended, or any successor statute thereto.

     “Commission” means the Securities and Exchange Commission.

    “Company” means the party named as such in the first paragraph of the Indenture or any successor obligor under the Indenture and the
      Notes pursuant to Article 5.

    “Consolidated Cash Flow” means, with respect to any specified Person for any period, the Consolidated Net Income of such Person for
      such period plus, without duplication:

    (a)          provision for taxes based on income or profits of such
        Person and its Restricted Subsidiaries for such period, to the extent that such provision for taxes was deducted in computing such Consolidated Net Income; plus

    (b)          Fixed Charges of such Person and its Restricted
        Subsidiaries for such period, to the extent that any such Fixed Charges were deducted in computing such Consolidated Net Income; plus

    (c)          depreciation, amortization (including amortization of
        goodwill, software and other intangibles but excluding amortization of prepaid cash expenses that were paid in a prior period) and other non-cash expenses (excluding any such non-cash expense to the extent that it represents an accrual of or
        reserve for cash expenses in any future period or amortization of a prepaid cash expense that was paid in a prior period) of such Person and its Restricted Subsidiaries for such period to the extent that such depreciation, amortization and other
        non-cash expenses were deducted in computing such Consolidated Net Income; plus

    (d)          (i) unusual or non-recurring charges, (ii) relocation
        costs and integration costs or reserves (including such items related to proposed and completed acquisitions and Asset Sales and to closure/consolidation of facilities), (iii) Transaction Expenses, (iv) Prior Transaction Expenses, (v) severance
        costs, including such costs related to proposed and completed Permitted Investments and Asset Sales and to closure/consolidation of facilities and (vi) commissions, discounts, yield and other fees and charges (including any interest expense)
        related to any Permitted Securitization Financing, in each case incurred by the Company and its Restricted Subsidiaries; plus

    (e)          the amount of cost savings, operational expense
        improvements and synergies projected by such Person in good faith to be realized as a result of actions taken during such period or to be taken in connection with a transaction that is being given pro forma effect (calculated on a pro forma
        basis as though such cost savings, operational expense improvements and synergies had been realized on the first day of such period), net of the amount of actual benefits realized during such period from such actions; provided that (x) such
        cost savings, operational expense improvements and synergies are reasonably identifiable and factually supportable and (y) such cost savings, operational expense improvements and synergies are expected in good faith to be realized within 18 months
        of the end of such period; minus

    
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    (f)          non-cash items increasing such Consolidated Net Income
        for such period, other than the accrual of revenue consistent with past practice; plus

    (g)          the amount of loss on sale of Securitization Assets
        (or discount with respect to any financing thereof) in connection with a Permitted Securitization Financing,

    in each case, on a consolidated basis and determined in accordance with GAAP.

    “Consolidated Net Income” means, with respect to any specified Person for any period, the aggregate of the Net Income of such Person
      and its Subsidiaries for such period, on a consolidated basis, determined in accordance with GAAP; provided that:

    (1)          the Net Income (but not loss) of any Person that is
        not a Restricted Subsidiary or that is accounted for by the equity method of accounting shall be included only to the extent of the amount of dividends or distributions paid in cash to the specified Person or a Restricted Subsidiary thereof;

    (2)          the Net Income of any Restricted Subsidiary (other
        than a Guarantor) shall be excluded to the extent that the declaration or payment of dividends or similar distributions by that Restricted Subsidiary of that Net Income is not at the date of determination permitted without any prior governmental
        approval (that has not been obtained) or, directly or indirectly, by operation of the terms of its charter or any agreement, instrument, judgment, decree, order, statute, rule or governmental regulation applicable to that Restricted Subsidiary or
        its equityholders;

    (3)          the Net Income of any Person acquired during the
        specified period for any period prior to the date of such acquisition shall be excluded;

    (4)          the cumulative effect of a change in accounting
        principles shall be excluded;

    (5)          notwithstanding clause (1) above, the Net Income (but
        not loss) of any Unrestricted Subsidiary shall be excluded, whether or not distributed to the specified Person or one of its Subsidiaries;

    (6)          (a) unrealized gains and losses due solely to
        fluctuations in currency values and the related tax effects according to GAAP shall be excluded (until realized, at which time such gains or losses shall be included); and (b) unrealized gains and losses with respect to Hedging Obligations shall be
        excluded (until realized, at which time such gains or losses shall be included);

    (7)          any non-cash charge or expense realized or resulting
        from stock option plans, employee benefit plans or post-employment benefit plans, or grants or sales of stock, stock appreciation or similar rights, stock options, restricted stock, Preferred Stock or other rights shall be excluded;

    (8)          (a)(i) the non-cash portion of “straight line”
        rent expense less (ii) the cash portion of “straight line” rent expense which exceeds the amount expensed in respect of such

    
      8

      
        

    

    rent expense shall be excluded and (b) non-cash gains, losses, income and expenses resulting from fair value accounting required by the
        applicable standard under GAAP and related interpretations shall be excluded (until realized, at which time such gains or losses shall be included);

    (9)          to the extent covered by insurance and actually
        reimbursed, or, so long as such Person has made a determination that there exists reasonable evidence that such amount will in fact be reimbursed by the insurer and only to the extent that such amount is (a) approved by the applicable carrier in
        writing within 180 days and (b) in fact reimbursed within 365 days of the date of such evidence (with a deduction for any amount so added back to the extent not so reimbursed within 365 days), (i) expenses with respect to liability or casualty
        events or business interruption shall be excluded and (ii) amounts received, or estimated in good faith to be received, from insurance in respect of lost earnings in respect of liability or causality events or business interruption shall be
        included (with a deduction for (x) amounts actually received up to such estimated amount to the extent included in Net Income in a future period and (y) for estimated amounts in excess of amounts actually received in a future period);

    (10)          any charges resulting from the application of FASB
        ASC 350, Intangibles — Goodwill and Other, Accounting Standards Codification Topic 360-10-35-15, Impairment or Disposal of Long-Lived Assets, Accounting Standards
        Codification Topic 480-10-25-4, Distinguishing Liabilities from Equity—Overall Recognition, or Accounting Standards Codification Topic 820 Fair Value Measurements and
          Disclosures, the amortization of intangibles arising pursuant to FASB ASC 805, Business Combinations, non-cash interest expense resulting from the application of Accounting Standards Codification
        Topic 470-20 Debt—Debt with Conversion Options—Recognition, and any non-cash income tax expense that results from the inability to include deferred tax liabilities related to indefinite-lived intangible
        assets as future reversals of temporary differences under FASB ASC 740-10-30-18, shall be excluded; and

    (11)          restructuring and related charges and acquisition and
        related integration charges, including but not limited to, restructuring charges related to the Prior Transactions and the Transactions, shall be excluded.

    “Consolidated Total Debt Ratio” means, with respect to any specified Person, as of any date of determination, the ratio of (1)
      Consolidated Total Indebtedness of such Person and its Restricted Subsidiaries as of the end of the most recent fiscal quarter for which internal financial statements are available immediately preceding the date on which such event for which such
      calculation is being made shall occur minus Cash Equivalents included on the consolidated balance sheet of such Person as of the end of such most recent fiscal quarter to (2) Consolidated Cash Flow of such Person for the most recently ended four full
      fiscal quarters for which internal financial statements are available immediately preceding the date on which such event for which such calculation is being made shall occur, in each case with such pro forma adjustments to Consolidated
      Total Indebtedness, Cash Equivalents and Consolidated Cash Flow as are appropriate and consistent with the pro forma adjustment provisions set forth in the definition of Fixed Charge Coverage Ratio.

    
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    “Consolidated Total Indebtedness” means, as of any date of determination, an amount equal to the sum (without duplication) of (a) the
      aggregate principal amount of all outstanding Indebtedness of the Company and its Restricted Subsidiaries (excluding any undrawn letters of credit) consisting of bankers’ acceptances, Obligations in respect of Capital Lease Obligations, debt
      obligations evidenced by promissory notes and similar instruments and Indebtedness for borrowed money, plus (b) the aggregate amount of all outstanding Disqualified Stock of the Company and its Restricted Subsidiaries, with the amount of such
      Disqualified Stock equal to the greater of their respective voluntary or involuntary liquidation preferences, in each case determined on a consolidated basis in accordance with GAAP.

    “Continuing Directors” means, as of any date of determination, any member of the Board of Directors of the Company or Holdings who:

    (1)          was a member of such Board of Directors on the Issue
        Date or

    (2)          was nominated for election or elected to such Board of
        Directors with the approval of a majority of the Continuing Directors who were members of such Board of Directors at the time of such nomination or election.

    “Contribution Debt” means Indebtedness or Disqualified Stock of the Company or any Guarantor in an aggregate principal amount or
      liquidation preference not greater than twice the aggregate amount of cash received from the issuance and sale of Qualified Equity Interests of the Company after the Issue Date; provided that:

    (1)          such cash has not been used to make a Restricted
        Payment and shall thereafter be excluded from any calculation under Section 4.07(a)(iii)(B) or used to make any Restricted Payment pursuant to Section 4.07(b) (it being understood that if any such Indebtedness or Disqualified Stock
        incurred as Contribution Debt is redesignated as incurred under any provision other than Section 4.06(b)(16), the related issuance of Equity Interests may be included in any calculation under Section 4.07(a)(iii)(B)); and

    (2)          such Contribution Debt (a) is incurred within 180 days
        after the making of such cash contributions and (b) is so designated as Contribution Debt pursuant to an Officer’s Certificate on the incurrence date thereof.

    “Corporate Trust Office” means the office of the Trustee at which the corporate trust business of the Trustee is principally
      administered, which at the date of the Indenture is located at 333 Commerce Street, Suite 800, Nashville, Tennessee 37201.

    “Covenant Defeasance” has the meaning assigned to such term in Section 8.03.

    “Covenant Suspension Event” has the meaning assigned to such term in Section 4.19.

    “Credit Agreement” means the credit agreement dated as of June 30, 2020 among the Company, as lead borrower, the lenders party
      thereto from time to time and Royal Bank of Canada, as administrative agent, (which refinanced the Existing Credit Agreement) together with any related documents, including any related notes, guarantees, collateral documents,

    
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    instruments and agreements executed in connection therewith, in each case as such credit agreement, in whole or in part, in one or more instances, may be
      amended, restated, amended and restated, renewed, extended, substituted, refinanced, restructured, replaced, supplemented or otherwise modified from time to time (including any successive restatements, renewals, extensions, substitutions,
      refinancings, restructurings, replacements, supplementations or other modifications of the foregoing and including any amendment increasing the amount of Indebtedness incurred or available to be borrowed thereunder, extending the maturity of any
      Indebtedness incurred thereunder or contemplated thereby or deleting, adding or substituting one or more borrowers or other parties thereto (whether or not such added or substituted parties are banks or other institutional lenders)), including into
      one or more debt facilities, commercial paper facilities or other debt instruments, indentures or agreements (including by means of sales of debt securities (including Additional Notes) to institutional investors), providing for revolving credit
      loans, term loans, letters of credit or other debt obligations, whether any such restatements, renewals, extensions, substitutions, refinancings, restructurings, replacements, supplementations or other modifications (1) occurs simultaneously or not
      with the termination or repayment of a prior credit agreement or (2) occurs on one or more separate occasions.

    “Credit Facilities” means, one or more debt facilities (including, without limitation, the Credit Agreement), or commercial paper
      facilities with banks or other institutional lenders or investors or indentures or other agreements providing for revolving credit loans, term loans, debt securities (including related exchange notes and guarantees thereof), receivables financing
      (including through the sale of receivables to such lenders or to special purpose entities formed to borrow from such lenders against such receivables) or letters of credit or other long-term indebtedness and, in each case, as such agreements may be
      amended, amended and restated, supplemented, in any manner whatsoever modified, refinanced, extended, substituted, replaced, renewed, or otherwise restructured or refunded, in whole or in part, in one or more instances, from time to time (including
      any successive renewals, extensions, substitutions, refinancings, restructurings, replacements, supplementations or other modifications of the foregoing and including any amendment increasing the amount of Indebtedness incurred or available to be
      borrowed thereunder, extending the maturity of any Indebtedness incurred thereunder or contemplated thereby or deleting, adding or substituting one or more parties thereto (whether or not such added or substituted parties are banks or other
      lenders)), including into one or more debt facilities, commercial paper facilities or other debt instruments, indentures or agreements (including by means of sales of debt securities (including Additional Notes)), providing for revolving credit
      loans, term loans, letters of credit or other debt obligations, whether any such extension, replacement or refinancing (1) occurs simultaneously or not with the termination or repayment of a prior debt facility or (2) occurs on one or more separate
      occasions.

    “Default” means any event that is, or with the passage of time or the giving of notice or both would be, an Event of Default.

    “Depositary” means the depositary of each Global Note, which will initially be DTC.

    “Designated Non-cash Consideration” means any non-cash consideration received by the Company or one of its Restricted Subsidiaries in
      connection with an Asset Sale that is

    
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    designated as Designated Non-cash Consideration pursuant to an Officer’s Certificate executed by an Officer of the Company or such Restricted Subsidiary at the
      time of such Asset Sale.

    “Disqualified Stock” means any Capital Stock that, by its terms (or by the terms of any security into which it is convertible, or for
      which it is exchangeable, in each case at the option of the holder thereof), or upon the happening of any event, matures or is mandatorily redeemable, pursuant to a sinking fund obligation or otherwise, or redeemable at the option of the holder
      thereof, in whole or in part, on or prior to the date that is 91 days after the date that is the earlier date on which the Notes mature and the date the Notes are no longer outstanding, except to the extent such Capital Stock is solely redeemable
      with, or solely exchangeable for, any Equity Interests of the Company that are not Disqualified Stock; provided that if such Capital Stock is issued to any plan for the benefit of employees of the Company or its Subsidiaries or by any such
      plan to such employees, such Capital Stock shall not constitute Disqualified Stock solely because it may be required to be repurchased by the Company or its Subsidiaries in order to satisfy applicable statutory or regulatory obligation; provided,
      further, that any Capital Stock held by any future, present or former employee, director, officer, manager or consultant (or their estates, spouses or former spouses) of the Company, any of its Subsidiaries or any of its direct or indirect
      parent companies pursuant to any stockholders agreement, management equity plan or stock option plan or any other management or employee benefit plan or agreement shall not constitute Disqualified Stock solely because it may be required to be
      repurchased by the Company or its Subsidiaries following the termination of employment of such employee, director, officer, manager or consultant with the Company or any of its Subsidiaries (so long as, in each case referred to in this sentence, any
      such requirement is made subject to compliance with the Indenture). Notwithstanding the preceding sentence, any Capital Stock that would constitute Disqualified Stock solely because the holders thereof have the right to require the Company to
      repurchase such Capital Stock upon the occurrence of a change of control or an asset sale shall not constitute Disqualified Stock if the terms of such Capital Stock provide that the Company may not repurchase or redeem any such Capital Stock pursuant
      to such provisions unless such repurchase or redemption complies with Section 4.07. The term “Disqualified Stock” shall also include any options, warrants or other rights that are convertible into Disqualified Stock or that are redeemable at
      the option of the holder, or required to be redeemed, prior to the date that is 91 days after the date on which the Notes mature.

    “DTC” means The Depository Trust Company, a New York corporation, and its successors.

    “DTC Legend” means the legend set forth in Exhibit D.

    “Domestic Subsidiary” means any Restricted Subsidiary of the Company other than a Restricted Subsidiary that is (1) a “controlled
      foreign corporation” under Section 957 of the Internal Revenue Code or (2) a Subsidiary of any such controlled foreign corporation.

    “Equity Interests” means Capital Stock and all warrants, options or other rights to acquire Capital Stock (but excluding any debt
      security that is convertible into, or exchangeable for, Capital Stock).

    
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    “Equity Offering” means a primary offering, after the Issue Date, of Qualified Equity Interests of the Company or of Holdings or any
      direct or indirect parent of Holdings (to the extent the proceeds thereof are contributed to the common equity of the Company) other than an issuance registered on Form S-4 or S-8 or any successor thereto or any issuance pursuant to employee benefit
      plans or otherwise in compensation to officers, directors or employees.

    “Event of Default” has the meaning assigned to such term in Section 6.01.

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

    “Existing Credit Agreement” means the credit agreement dated as of June 23, 2015 among Spectrum Brands, as lead borrower, the lenders
      party thereto from time to time and Royal Bank of Canada, as administrative agent, together with any related documents, including any related notes, guarantees, collateral documents, instruments and agreements executed in connection therewith.

    “Existing Indebtedness” means the aggregate principal amount of Indebtedness of the Company and its Subsidiaries (other than
      Indebtedness described in Section 4.06(b)(1) and (b)(3)) in existence on the Issue Date, until such amounts are repaid.

    “Existing Notes” means, collectively, the Company’s (i) 6.125% Senior Notes due 2024 outstanding on the Issue Date, (ii) 5.75% Senior
      Notes due 2025 outstanding on the Issue Date, (iii) 4.00% Senior Notes due 2026 outstanding on the Issue Date and (iv) 5.00% Senior Notes due 2029 outstanding on the Issue Date.

    “fair market value” means the price that would be paid in an arm’s-length transaction between an informed and willing seller under no
      compulsion to sell and an informed and willing buyer under no compulsion to buy, as determined in good faith by the Board of Directors, whose determination shall be conclusive if evidenced by a resolution of the Board of Directors.

    “Fixed Charge Coverage Ratio” means with respect to any specified Person for any period, the ratio of the Consolidated Cash Flow of
      such Person for such period to the Fixed Charges of such Person for such period. In the event that the specified Person or any of its Subsidiaries incurs, assumes, Guarantees, repays, retires, extinguishes, repurchases or redeems any Indebtedness
      (other than in the case of any Permitted Securitization Financing, in which case interest expense shall be computed based upon the average daily balance of such Indebtedness during the applicable period) or issues, repurchases or redeems Disqualified
      Stock or Preferred Stock subsequent to the commencement of the period for which the Fixed Charge Coverage Ratio is being calculated and on or prior to the date on which the event for which the calculation of the Fixed Charge Coverage Ratio is made
      (the “Calculation Date”), then the Fixed Charge Coverage Ratio shall be calculated giving pro forma effect to such incurrence, assumption, Guarantee, repayment, retirement, extinguishment, repurchase or redemption of Indebtedness, or such issuance,
      repurchase or redemption of Disqualified Stock or Preferred Stock, and the use of the proceeds therefrom as if the same had occurred at the beginning of the applicable four-quarter reference period.

    In addition, for purposes of calculating the Fixed Charge Coverage Ratio:

    
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    (1)          Investments or acquisitions and dispositions of
        business entities or property and assets constituting a division or line of business of any Person that have been made by the specified Person or any of its Restricted Subsidiaries, including through mergers or consolidations and including any
        related financing transactions, during the four-quarter reference period or subsequent to such reference period and on or prior to the Calculation Date shall be given pro forma effect as if they had occurred on the first day of the
        four-quarter reference period and Consolidated Cash Flow for such reference period shall be calculated on a pro forma basis, but without giving effect to clause (3) of the proviso set forth in the definition of Consolidated Net
        Income;

    (2)          the Consolidated Cash Flow attributable to
        discontinued operations, as determined in accordance with GAAP, shall be excluded;

    (3)          the Fixed Charges attributable to discontinued
        operations, as determined in accordance with GAAP, shall be excluded, but only to the extent that the obligations giving rise to such Fixed Charges will not be obligations of the specified Person or any of its Subsidiaries following the Calculation
        Date; and

    (4)          consolidated interest expense attributable to interest
        on any Indebtedness (whether existing or being incurred) computed on a pro forma basis and bearing a floating interest rate shall be computed as if the rate in effect on the Calculation Date (taking into account any interest rate
        option, swap, cap or similar agreement applicable to such Indebtedness if such agreement has a remaining term in excess of 12 months or, if shorter, at least equal to the remaining term of such Indebtedness) had been the applicable rate for the
        entire period.

    For purposes of this definition, whenever pro forma effect is to be given to any event, the pro forma
      calculations shall be made in good faith by a responsible financial or accounting officer of the Company. Any such pro forma calculation may include adjustments appropriate, in the reasonable good faith determination of the Company as
      set forth in an Officer’s Certificate, to reflect operating expense reductions and other operating improvements or synergies reasonably expected to result from the applicable event.

    “Fixed Charges” means, with respect to any specified Person for any period, the sum, without duplication, of:

    (1)          the consolidated interest expense of such Person and
        its Restricted Subsidiaries for such period, whether paid or accrued, including, without limitation, amortization of debt issuance costs and original issue discount, non-cash interest payments, the interest component of any deferred payment
        obligations, the interest component of all payments associated with Capital Lease Obligations, commissions, discounts and other fees and charges incurred in respect of letter of credit, bankers’ acceptance financings or any Permitted Securitization
        Financing which are payable to Persons other than the Company and its Restricted Subsidiaries, and net of the effect of all payments made, received or accrued in connection with Hedging Obligations (but excluding unrealized gains or losses with
        respect thereto), but excluding (i) amortization of deferred financing fees, debt issuance costs, commissions, fees and expenses, (ii) any expensing of bridge, commitment and other financing fees, (iii) any redemption premiums, prepayment fees, or
        other charges or penalties incurred in connection with

    
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    the Transactions or the Prior Transactions and (iv) any premiums, fees or other charges incurred in connection with the refinancing of the
        Existing Indebtedness on the Issue Date (in each case of (i) through (iv), to the extent included in any of the foregoing items listed in clause (1)); plus

    (2)          the consolidated interest of such Person and its
        Restricted Subsidiaries that was capitalized during such period; plus

    (3)         any interest expense on Indebtedness of another Person that is Guaranteed by such Person or one of its Restricted Subsidiaries
      or secured by a Lien on assets of such Person or one of its Restricted Subsidiaries, whether or not such Guarantee or Lien is called upon; plus

    (4)          the product of (a) all dividends, whether paid or
        accrued and whether or not in cash, on any series of Disqualified Stock or Preferred Stock of such Person or any of its Restricted Subsidiaries, other than (i) dividends on Equity Interests payable solely in Equity Interests of the Company (other
        than Disqualified Stock) or (ii) dividends to the Company or a Restricted Subsidiary of the Company, times (b) a fraction, the numerator of which is one and the denominator of which is one minus the then current combined federal, state and local
        statutory tax rate of such Person, expressed as a decimal, in each case, on a consolidated basis and in accordance with GAAP.

    Notwithstanding the foregoing, any additional charges arising from (i) the application of Accounting Standards Codification Topic
      480-10-25-4 “Distinguishing Liabilities from Equity— Overall—Recognition” to any series of preferred stock other than Disqualified Equity Interests or (ii) the application of Accounting Standards Codification Topic 470-20-25 “Debt—Debt with
      Conversion Options—Recognition,” in each case, shall be disregarded in the calculation of Consolidated Fixed Charges.

    “Foreign Subsidiary” means any Restricted Subsidiary of the Company other than a Domestic Subsidiary.

    “GAAP” means generally accepted accounting principles set forth in the opinions and pronouncements of the Accounting Principles Board
      of the American Institute of Certified Public Accountants, the opinions and pronouncements of the Public Company Accounting Oversight Board and in the statements and pronouncements of the Financial Accounting Standards Board or in such other
      statements by such other entity as have been approved by a significant segment of the accounting profession, which are in effect on December 4, 2014.

    “GAC Divestiture” means the completed sale of Spectrum Brands Holdings, Inc.’s global auto care business, as contemplated by the
      Acquisition Agreement, dated as of November 15, 2018, by and among Spectrum Brands Holdings, Inc. and Energizer Holdings, Inc.

    “GBL Divestiture” means the completed sale of Spectrum Brands Holdings, Inc.’s global battery, lighting and portable power business,
      as contemplated by the Amended and Restated Acquisition Agreement, dated as of November 15, 2018, by and among Spectrum Brands Holdings, Inc. and Energizer Holdings, Inc.

    “Global Note” means a Note in registered global form without interest coupons.

    
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    “Government Securities” means direct obligations of, or obligations guaranteed by, the United States of America for the payment of
      which guarantee or obligations the full faith and credit of the United States is pledged.

    “Guarantee” means, as to any Person, a guarantee other than by endorsement of negotiable instruments for collection in the ordinary
      course of business, direct or indirect, in any manner including, without limitation, by way of a pledge of assets or through letters of credit or reimbursement agreements in respect thereof, of all or any part of any Indebtedness of another Person.

    “Guarantors” means:

    (1)          Holdings and each direct or indirect Domestic
        Subsidiary of the Company that guarantees Indebtedness under a Credit Facility or any of the Existing Notes on the Issue Date; and

    (2)          any other subsidiary that executes a Note Guarantee in accordance with the provisions of the Indenture; and their respective
      successors and assigns until released from their obligations under their Note Guarantees and the Indenture in accordance with the terms of the Indenture.

    “Hedging Obligations” means, with respect to any specified Person, the obligations of such Person under:

    (1)          interest rate swap agreements, interest rate cap
        agreements, interest rate collar agreements and other agreements or arrangements designed for the purpose of managing interest rate risk;

    (2)          commodity swap agreements, commodity option
        agreements, forward contracts and other agreements or arrangements designed for the purpose of managing commodity price risk; and

    (3)          foreign exchange contracts, currency swap agreements
        and other agreements or arrangements designed for the purpose of managing foreign currency exchange rate risk.

    “Holder” or “Noteholder” means the registered holder of any Note.

    “Holdings” means SB/RH Holdings, LLC or any successor obligor under this Indenture and its Notes Guarantee pursuant to Section
        4.10(b)(2).

    “IAI Global Note” means a Global Note resold to Institutional Accredited Investors bearing the Restricted Legend.

    “incur” means, with respect to any Indebtedness, to incur, create, issue, assume, Guarantee or otherwise become directly or
      indirectly liable for or with respect to, or become responsible for, the payment of, contingently or otherwise, such Indebtedness; provided that (1) any Indebtedness of a Person existing at the time such Person becomes a Restricted Subsidiary
      of the Company will be deemed to be incurred by such Restricted Subsidiary at the time it becomes a Restricted

    
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    Subsidiary of the Company and (2) neither the accrual of interest nor the accretion of original issue discount nor the payment of interest in the form of
      additional Indebtedness with the same terms and the payment of dividends on Disqualified Stock in the form of additional shares of the same class of Disqualified Stock (to the extent provided for when the Indebtedness or Disqualified Stock on which
      such interest or dividend is paid was originally issued) shall be considered an incurrence of Indebtedness; provided that in each case the amount thereof is for all other purposes included in the Fixed Charges and Indebtedness of the Company
      or its Restricted Subsidiary as accrued.

    “Indebtedness” means, with respect to any specified Person, any indebtedness of such Person, whether or not contingent:

    (1)          in respect of borrowed money;

    (2)          evidenced by bonds, notes, debentures or similar
        instruments or letters of credit (or reimbursement agreements in respect thereof), but excluding obligations with respect to letters of credit (including trade letters of credit) securing obligations entered into in the ordinary course of business
        of such Person to the extent such letters of credit are not drawn upon or, if drawn upon, to the extent such drawing is reimbursed no later than the fifth Business Day following receipt by such Person of a demand for reimbursement;

    (3)          in respect of banker’s acceptances;

    (4)          in respect of Capital Lease Obligations;

    (5)          in respect of the balance deferred and unpaid of the
        purchase price of any property, except any such balance that constitutes an accrued expense or trade payable;

    (6)          representing Hedging Obligations, other than Hedging
        Obligations that are incurred in the ordinary course of business for the purpose of fixing, hedging, swapping, managing interest rate, commodity price or foreign currency exchange rate risk (or to reverse or amend any such agreements previously
        made for such purposes), and not for speculative purposes, and that do not increase the Indebtedness of the obligor outstanding at any time other than as a result of fluctuations in interest rates, commodity prices or foreign currency exchange
        rates or by reason of fees, indemnities and compensation payable thereunder; or

    (7)          representing Disqualified Stock valued at the greater
        of its voluntary or involuntary maximum fixed repurchase price plus accrued dividends;

    if and to the extent that any of the preceding items (other than letters of credit and Hedging Obligations) would appear as a liability upon a balance sheet
      (excluding the footnotes thereto) of the specified Person prepared in accordance with GAAP or, in the case of any earn-out obligation or purchase price adjustment, would have been recorded as a liability under GAAP prior to the adoption of Financial
      Accounting Standards Board Statement No. 141R. In addition, the term “Indebtedness” includes (x) all Indebtedness of others secured by a Lien on any asset of the specified Person (whether or not such Indebtedness is assumed by the specified Person),
      provided that the amount of such Indebtedness shall be the lesser of (A) the fair market value of

    
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    such asset at such date of determination and (B) the amount of such Indebtedness, and (y) to the extent not otherwise included, the Guarantee by the specified
      Person of any Indebtedness of any other Person. For purposes hereof, the “maximum fixed repurchase price” of any Disqualified Stock which does not have a fixed repurchase price shall be calculated in accordance with the terms of such Disqualified
      Stock as if such Disqualified Stock were purchased on any date on which Indebtedness shall be required to be determined pursuant to this Indenture, and if such price is based upon, or measured by, the fair market value of such Disqualified Stock,
      such fair market value shall be determined in good faith by the Board of Directors of the issuer of such Disqualified Stock.

    The amount of any Indebtedness outstanding as of any date shall be the outstanding balance at such date of all unconditional obligations as
      described above and, with respect to contingent obligations, the maximum liability upon the occurrence of the contingency giving rise to the obligation, and shall be:

    (1)          the accreted value thereof, in the case of any
        Indebtedness issued with original issue discount; and

    (2)          the principal amount thereof, together with any
        interest thereon that is more than 30 days past due, in the case of any other Indebtedness;

    provided that Indebtedness
        shall not include:

    (i)          any liability for federal, state, local or other
        taxes;

    (ii)          performance, surety or appeal bonds provided in the
        ordinary course of business;

    (iii)          agreements providing for indemnification,
        adjustment of purchase price or similar obligations, or Guarantees or letters of credit, surety bonds or performance bonds securing any obligations of the Company or any of its Restricted Subsidiaries pursuant to such agreements, in any case
        incurred in connection with the disposition of any business, assets or Restricted Subsidiary (other than Guarantees of Indebtedness incurred by any Person acquiring all or any portion of such business, assets or Restricted Subsidiary for the
        purpose of financing such acquisition), so long as the principal amount does not exceed the gross proceeds actually received by the Company or any Restricted Subsidiary in connection with such disposition;

    (iv)          deferred revenue; or

    (v)          obligations under or in respect of Permitted
        Securitization Financing.

    “Indenture” means this indenture, as amended or supplemented from time to time.

    “Initial Notes” means the Notes issued on the Issue Date and any Notes issued in replacement thereof.

    
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    “Initial Purchasers” means the initial purchasers party to a Purchase Agreement with the Company relating to the sale of the Initial
      Notes or Additional Notes by the Company.

    “Institutional Accredited Investor” means an institutional “accredited investor” (as defined) in Rule 501(a), (2), (3) or (7)
      under the Securities Act.

    “Institutional Accredited Investor Certificate” means a certificate substantially in the form of Exhibit G hereto.

    “Investment Grade” means a rating of BBB- or higher by S&P and Baa3 or higher by Moody’s, or the equivalent of such ratings by
      another Rating Agency.

    “interest”, in respect of the Notes, unless the context otherwise requires, refers to interest and Additional Interest, if any.

    “Interest Payment Date” means each January 15 and July 15 of each year, commencing January 15, 2021.

    “Investments” means, with respect to any Person, all direct or indirect investments by such Person in other Persons (including
      Affiliates) in the forms of loans or other extensions of credit (including Guarantees, but excluding advances to customers or suppliers in the ordinary course of business that are, in conformity with GAAP, recorded as accounts receivable, prepaid
      expenses or deposits on the balance sheet of the Company or its Restricted Subsidiaries and endorsements for collection or deposit arising in the ordinary course of business), advances (excluding commission, travel, payroll and similar advances to
      officers and employees made consistent with past practices), capital contributions (by means of any transfer of cash or other property to others or any payment for property or services for the account or use of others), purchases or other
      acquisitions for consideration of Indebtedness, Equity Interests or other securities, together with all items that are or would be classified as investments on a balance sheet prepared in accordance with GAAP.

    If the Company or any Restricted Subsidiary of the Company sells or otherwise disposes of any Equity Interests of any direct or indirect
      Restricted Subsidiary of the Company such that, after giving effect to any such sale or disposition, such Person is no longer a Restricted Subsidiary of the Company, the Company shall be deemed to have made an Investment on the date of any such sale
      or disposition equal to the fair market value of the Investment in such Restricted Subsidiary not sold or disposed of in an amount determined as provided in Section 4.07(c). The acquisition by the Company or any Restricted Subsidiary of the
      Company of a Person that holds an Investment in a third Person shall be deemed to be an Investment by the Company or such Restricted Subsidiary in such third Person only if such Investment was made in contemplation of, or in connection with, the
      acquisition of such Person by the Company or such Restricted Subsidiary and the amount of any such Investment shall be determined as provided in Section 4.07(c).

    “Issue Date” means June 30, 2020, the date on which the Initial Notes are originally issued under this Indenture.

    “Legal Defeasance” has the meaning assigned to such term in Section 8.02.

    
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    “Lien” means, with respect to any asset, any mortgage, lien, pledge, charge, security interest or encumbrance of any kind in respect
      of such asset, whether or not filed, recorded or otherwise perfected under applicable law, including any conditional sale or other title retention agreement, any lease in the nature thereof, any option or other agreement to sell or give a security
      interest in and any filing of or agreement to give any financing statement under the Uniform Commercial Code (or equivalent statutes) of any jurisdiction.

    “Moody’s” means Moody’s Investors Service, Inc. and its successors.

    “Net Income” means, with respect to any specified Person, the net income (loss) of such Person, determined in accordance with GAAP
      and before any reduction in respect of Preferred Stock dividends, excluding, however:

    (1)          any gain or loss, together with any related provision
        for taxes on such gain or loss, realized in connection with: (a) any sale of assets outside the ordinary course of business of such Person; or (b) the disposition of any securities by such Person or any of its Restricted Subsidiaries or the
        extinguishment of any Indebtedness of such Person or any of its Restricted Subsidiaries; and

    (2)          any extraordinary gain or loss, together with any
        related provision for taxes on such extraordinary gain or loss.

    “Net Proceeds” means the aggregate cash proceeds, including payments in respect of deferred payment obligations (to the extent
      corresponding to the principal, but not the interest component, thereof) received by the Company or any of its Restricted Subsidiaries in respect of any Asset Sale (including, without limitation, any cash received upon the sale or other disposition
      of any non-cash consideration received in any Asset Sale), net of (1) the direct costs relating to such Asset Sale, including, without limitation, legal, accounting, brokerage and investment banking fees, and sales commissions, and any relocation
      expenses incurred as a result thereof, (2) taxes paid or payable as a result thereof, in each case, after taking into account any available tax credits or deductions arising therefrom and any tax sharing arrangements in connection therewith, (3)
      amounts required to be applied to the repayment of Indebtedness or other liabilities, secured by a Lien on the asset or assets that were the subject of such Asset Sale, or required to be paid as a result of such sale, and (4) any reserve for
      adjustment in respect of the sale price of such asset or assets established in accordance with GAAP.

    “Non-U.S. Person” means a Person that is not a U.S. person, as defined in Regulation S.

    “Notes” has the meaning assigned to such term in the Recitals.

    “Note Guarantee” means the Guarantee by each Guarantor of the Company’s payment obligations under this Indenture and on the Notes,
      executed pursuant to this Indenture.

    “Obligations” means any principal, interest, penalties, fees, indemnifications, reimbursements, damages and other liabilities payable
      under the documentation governing any Indebtedness.

    
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    “Offer to Purchase” has the meaning assigned to such term in Section 3.04.

    “Offering Memorandum” means the Offering Memorandum dated June 26, 2020 relating to the sale of the Initial Notes.

    “Officer” means the chairman of the Board of Directors, the president or chief executive officer, any vice president, the chief
      financial officer, the treasurer or any assistant treasurer, or the secretary or any assistant secretary, of the Company.

    “Officer’s Certificate” means a certificate signed in the name of the Company by any of the chairman of the Board of Directors, the
      president or chief executive officer, the chief financial officer, a vice president, the treasurer or any assistant treasurer or the secretary or any assistant secretary.

    “Offshore Global Note” means a Global Note representing Notes issued and sold pursuant to Regulation S.

    “Opinion of Counsel” means a written opinion signed by legal counsel, who may be an employee of or counsel to the Company,
      satisfactory to the Trustee.

    “Paying Agent” means an office or agency where Notes may be presented for payment.

    “Permanent Offshore Global Note” means an Offshore Global Note that does not bear the Temporary Offshore Global Note Legend.

    “Permitted Business” means any business conducted or proposed to be conducted by the Company and its Restricted Subsidiaries on the
      Issue Date and other businesses complementary, similar or reasonably related, ancillary or incidental thereto or reasonable extensions thereof.

    “Permitted Debt” has the meaning assigned to such term in Section 4.06.

    “Permitted Investments” means:

    (1)          any Investment in the Company or in a Restricted
        Subsidiary of the Company;

    (2)          any Investment in Cash Equivalents;

    (3)          any Investment by the Company or any Restricted
        Subsidiary of the Company in a Person, if as a result of such Investment:

    (a)          such Person becomes a Restricted Subsidiary of the
        Company; or

    (b)          such Person is merged, consolidated or amalgamated
        with or into, or transfers or conveys substantially all of its assets to, or is liquidated into, the Company or a Restricted Subsidiary of the Company;

    
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    (4)          any Investment made as a result of the receipt of
        non-cash consideration from an Asset Sale (including Designated Non-Cash Consideration) that was made pursuant to and in compliance with Section 4.12;

    (5)          Hedging Obligations that are incurred in the ordinary
        course of business for the purpose of managing interest rate, commodity price or foreign currency exchange rate risk (or to reverse or amend any such agreements previously made for such purposes), and not for speculative purposes, and that do not
        increase the Indebtedness of the obligor outstanding at any time other than as a result of fluctuations in interest rates, commodity prices or foreign currency exchange rates or by reason of fees, indemnities and compensation payable thereunder;

    (6)          stock, obligations or securities received in
        satisfaction of judgments;

    (7)          Investments in securities of trade debtors or
        customers received (x) pursuant to any plan of reorganization or similar arrangement upon the bankruptcy or insolvency of such trade creditors or customers or in good faith settlement of delinquent obligations of such trade debtors or customers or
        in compromise or resolution of litigation, arbitration or other disputes with Persons who are not Affiliates, (y) as a result of the foreclosure by the Company or any Restricted Subsidiaries with respect to any secured Investment or other transfer
        of title, or (z) as a result of litigation, or other disputes with Persons who are not Affiliates;

    (8)          other Investments in any Person engaged in a Permitted
        Business having an aggregate fair market value (measured on the date each such Investment was made and without giving effect to subsequent changes in value), when taken together with all other Investments made pursuant to this clause (8) since the
        Issue Date, not to exceed the greater of (x) $200.0 million and (y) 20.0% of Consolidated Cash Flow, in each case, net of any return of or on such Investment received by the Company or a Restricted Subsidiary;

    (9)          Investments consisting of purchases and acquisitions
        of inventory, supplies, material or equipment, or the licensing or contribution of intellectual property pursuant to joint marketing, joint development or similar arrangements with other Persons;

    (10)          advances, loans, rebates and extensions of credit
        (including the creation of receivables) to suppliers, customers and vendors, and performance guarantees, in each case in the ordinary course of business;

    (11)          Investments in prepaid expenses, negotiable
        instruments held for collection and lease and utility and worker’s compensation deposits provided to third parties in the ordinary course of business;

    (12)          Investments (other than in Restricted Subsidiaries)
        outstanding on the Issue Date or made pursuant to binding agreements in effect on the Issue Date, including any extension, modification or renewal of such Investments, to the extent not involving any additional Investment other than as the result
        of the accrual or accretion of interest or original issue discount or the issuance of pay-in-kind securities;

    (13)          advances and loans to officers, directors or
        employees for business-related travel expenses, moving expenses and other similar expenses, in each case incurred in the

    
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    ordinary course of business or consistent with past practice or to fund such person’s purchase of Equity Interests of the Company or any direct
        or indirect parent of the Company;

    (14)          Investments in joint ventures having an aggregate
        fair market value, when taken together with all other Investments made pursuant to this clause that are at the time outstanding, not to exceed $100.0 million at the time of such Investment (with the fair market value of each Investment being
        measured at the time made and without giving effect to subsequent changes in value); provided, however, that if any Investment pursuant to this clause (14) is made
        in any Person that is not the Company or a Restricted Subsidiary at the date of the making of such Investment and such Person becomes the Company or a Restricted Subsidiary after such date, such Investment shall thereafter be deemed to have been
        made pursuant to clause (1) above and shall cease to have been made pursuant to this clause (14) for so long as such Person continues to be the Company or a Restricted Subsidiary;

    (15)          Investments in Unrestricted Subsidiaries having an
        aggregate fair market value, when taken together with all other Investments made pursuant to this clause that are at the time outstanding, not to exceed $100.0 million at the time of such Investment (with the fair market value of each Investment
        being measured at the time made and without giving effect to subsequent changes in value);

    (16)          Investments consisting of Securitization Assets or
        arising as a result of Permitted Securitization Financings; and

    (17)          any Investment in an entity which is not a Restricted
        Subsidiary to which a Restricted Subsidiary sells Securitization Assets pursuant to a Permitted Securitization Financing.

    “Permitted Liens” means:

    (1)          Liens securing Indebtedness incurred and then
        outstanding pursuant to Section 4.06(b)(1) and other Obligations in respect thereof;

    (2)          Liens in favor of the Company or any Guarantor;

    (3)          Liens on property of a Person existing at the time
        such Person is merged with or into or consolidated with the Company or any Restricted Subsidiary of the Company; provided that such Liens were in existence prior to the contemplation of such merger or consolidation and do not extend to any assets
        other than those of the Person merged into or consolidated with the Company or the Restricted Subsidiary;

    (4)          Liens on property existing at the time of acquisition
        thereof by the Company or any Restricted Subsidiary of the Company, provided that such Liens were in existence prior to the contemplation of such acquisition and do not extend to any property other than the property so acquired by the
        Company or the Restricted Subsidiary;

    (5)          Liens existing on the Issue Date not otherwise
        permitted hereby;

    
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    (6)          Liens securing Permitted Refinancing Indebtedness
        (other than in respect of Indebtedness referred to in clause (1)); provided that such Liens do not extend to any property or assets other than the property or assets that secure the Indebtedness being refinanced;

    (7)          Liens incurred in the ordinary course of business of
        the Company or any Restricted Subsidiary of the Company with respect to obligations that do not exceed the greater of $200.0 million or 20.0% of Consolidated Cash Flow;

    (8)          Liens on the assets of a Foreign Subsidiary securing
        Indebtedness of a Foreign Subsidiary that was permitted by the terms of this Indenture to be incurred;

    (9)          pledges or deposits under worker’s compensation laws,
        unemployment insurance laws or similar legislation, or good faith deposits in connection with bids, tenders, contracts or leases, or to secure public or statutory obligations, surety bonds, customs duties and the like, or for the payment of rent,
        in each case incurred in the ordinary course of business and not securing Indebtedness;

    (10)          Liens imposed by law, such as carriers’, vendors’,
        warehousemen’s and mechanics’ liens or other similar liens, in each case for sums not yet due or being contested in good faith and by appropriate proceedings;

    (11)          Liens in respect of taxes and other governmental
        assessments and charges which are not yet due or which are being contested in good faith and by appropriate proceedings;

    (12)          Liens securing reimbursement obligations with respect
        to letters of credit that encumber documents and other property relating to such letters of credit and the proceeds thereof;

    (13)          (x) minor survey exceptions, minor encumbrances,
        easements or reservations of, or rights of others for, licenses, rights of way, sewers, electric lines, telegraph and telephone lines and other similar purposes, or zoning or other restrictions as to the use of real property, or zoning or other
        restrictions as to the use of real property or Liens incidental to the conduct of the business of such Person or the ownership of its properties, not interfering in any material respect with the conduct of the business of the Company and its
        Restricted Subsidiaries or (y) any zoning or similar law or right reserved to or vested in any governmental authority to control or regulate the use of any real property;

    (14)          licenses or leases or sublicenses or subleases as
        licensor, lessor, sublicensor or sublessor of any of its property, including intellectual property, in the ordinary course of business;

    (15)          customary Liens in favor of trustees and escrow
        agents, and netting and setoff rights, banker’s liens and the like in favor of financial institutions and counterparties to financial obligations and instruments, including Hedging Agreements;

    (16)          Liens on assets pursuant to merger agreements, stock
        or asset purchase agreements and similar agreements in respect of the disposition of such assets;

    
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    (17)          options, put and call arrangements, rights of first
        refusal and similar rights relating to Investments in joint ventures, partnerships and the like;

    (18)          judgment liens, and Liens securing appeal bonds or
        letters of credit issued in support of or in lieu of appeal bonds, so long as no Event of Default then exists as a result thereof;

    (19)          Liens incurred in the ordinary course of business not
        securing Indebtedness and not in the aggregate materially detracting from the value of the properties or their use in the operation of the business of the Company and its Restricted Subsidiaries;

    (20)          Liens (including the interest of a lessor under a
        Capital Lease) on property that secure Indebtedness incurred under clause (4) of Permitted Debt for the purpose of financing all or any part of the purchase price or cost of construction or improvement of such property and which attach within 365
        days after the date of such purchase or the completion of construction or improvement;

    (21)          deposits in the ordinary course of business to secure
        liability to insurance carriers;

    (22)          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;

    (23)          Liens consisting of contractual rights of set-off (i)
        relating to the establishment of depository relations with banks not given in connection with the issuance of Indebtedness, (ii) relating to pooled deposit or sweep accounts of the Company or any of its Restricted Subsidiaries to permit
        satisfaction of overdraft or similar obligations incurred in the ordinary course of business of the Company and its Restricted Subsidiaries or (iii) relating to purchase orders and other agreements entered into with customers of the Company or any
        of its Restricted Subsidiaries in the ordinary course of business;

    (24)          Liens arising from financing statements filings under
        the Uniform Commercial Code or similar state laws regarding operating leases entered into by the Company and its Restricted Subsidiaries in the ordinary course of business;

    (25)          Liens securing Cash Management Obligations and all
        Obligations under the Hedging Agreements owed to Persons that were agents and the lenders under the Credit Agreement or their affiliates at the time of entry into the agreements governing such obligations;

    (26)          Liens arising out of conditional sale, title
        retention, consignment or similar arrangements for sale of goods entered into by the Company and its subsidiaries in the ordinary course of business;

    (27)          Liens created for the benefit of the Notes or the
        Note Guarantees with respect thereto; and

    
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    (28)          Liens in respect of Permitted Securitization
        Financings that extend only to the assets subject thereto and Liens on the Equity Interests of Special Purpose Securitization Subsidiaries.

    “Permitted Refinancing Indebtedness” means any Indebtedness of the Company or any of its Restricted Subsidiaries issued in exchange
      for, or the net proceeds of which are used to extend, refinance, renew, replace, defease or refund other Indebtedness of the Company or any of its Restricted Subsidiaries (other than intercompany Indebtedness); provided that:

    (1)          the principal amount (or accreted value, if
        applicable) of such Permitted Refinancing Indebtedness does not exceed the principal amount (or accreted value, if applicable) of the Indebtedness so extended, refinanced, renewed, replaced, defeased or refunded (plus all accrued interest thereon
        and the amount of any reasonably determined premium necessary to accomplish such refinancing (including tender premiums) and such reasonable expenses, defeasance costs and fees incurred in connection therewith);

    (2)          such Permitted Refinancing Indebtedness has a final
        maturity date later than the final maturity date of, and has a Weighted Average Life to Maturity equal to or greater than the Weighted Average Life to Maturity of, the Indebtedness being extended, refinanced, renewed, replaced, defeased or
        refunded;

    (3)          if the Indebtedness being extended, refinanced,
        renewed, replaced, defeased or refunded is subordinated in right of payment to the Notes or the Note Guarantees, such Permitted Refinancing Indebtedness is subordinated in right of payment to, the Notes or such Note Guarantees on terms at least as
        favorable to the Holders of Notes as those contained in the documentation governing the Indebtedness being extended, refinanced, renewed, replaced, defeased or refunded; and

    (4)          in no event may Indebtedness of the Company or any
        Guarantor be refinanced by means of Indebtedness of a Restricted Subsidiary that is not a Guarantor.

    “Permitted Securitization Documents” means all documents and agreements evidencing, relating to or otherwise governing a Permitted
      Securitization Financing.

    “Permitted Securitization Financing” means one or more securitization transactions pursuant to which (i) Securitization Assets or
      interests therein are sold to or financed by one or more Special Purpose Securitization Subsidiaries, and (ii) such Special Purpose Securitization Subsidiaries finance their acquisition of such Securitization Assets or interests therein, or the
      financing thereof, by selling such Securitization Assets to a Person that is not the Company or a Restricted Subsidiary or borrowing against Securitization Assets from a Person that is not the Company or a Restricted Subsidiary; provided, that (i)
      such Permitted Securitization Financing (including financing terms, covenants, termination events and other provisions) is in the aggregate economically fair and reasonable to the Company and the Restricted Subsidiaries (as determined by the Company
      in good faith), (ii) all sales of Securitization Assets and related assets by the Company or any Restricted Subsidiary to any Special Purpose Securitization Subsidiary or any other Person are made at fair market value (as determined by the Company in
      good faith), (iii) the financing terms, covenants, termination

    
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    events and other provisions thereof shall be market terms (as determined by the Company in good faith) and (iv) the obligations under such Permitted
      Securitization Financing are non-recourse (except for customary representations, warranties, covenants and indemnities made in connection with such facilities) to the Company or any of the Restricted Subsidiaries (other than a Special Purpose
      Securitization Subsidiary).

    “Person” means any individual, corporation, partnership, joint venture, association, joint-stock company, trust, unincorporated
      organization, limited liability company or government or other entity.

    “Preferred Stock” means, with respect to any Person, any Capital Stock of such Person that has preferential rights to any other
      Capital Stock of such Person with respect to dividends or redemption upon liquidation.

    “principal” of any Indebtedness means the principal amount of such Indebtedness, (or if such Indebtedness was issued with original
      issue discount, the face amount of such Indebtedness less the remaining unamortized portion of the original issue discount of such Indebtedness), together with, unless the context otherwise indicates, any premium then payable on such Indebtedness.

    “Prior Transaction Expenses” means fees and expenses payable or otherwise borne by the Company and its Restricted Subsidiaries in
      connection with the Prior Transactions, including the costs of legal and financial advisors to the Company.

    “Prior Transactions” means, collectively, (a) the execution, delivery and performance by the Company and the other parties thereto of
      the term loan commitment agreement no. 2 among Holdings, Spectrum Brands, as lead borrower, the lenders party thereto and Deutsche Bank AG New York Branch, as agent, and the making of the borrowings thereunder, (b) the issuance of the Company’s
      6.125% Senior Notes due 2024 outstanding on the Issue Date, (c) the consummation of the acquisition of (i) Tell Manufacturing, Inc., (ii) Proctor and Gamble’s European pet food business and (iii) Salix Animal Health, LLC., (d) the issuance of the
      Company’s 5.75% Senior Notes due 2025, (e) the issuance by Spectrum Brands Legacy, Inc. (formerly known as “Spectrum Brands Holdings, Inc.”) of its common stock in the registered offering completed in connection with the AAG Acquisition, (f) the
      consummation of the AAG Acquisition, (g) the issuance of the Company’s 4.00% Senior Notes due 2026, (h) the consummation of the Spectrum Merger, (i) the consummation of the GBL Divestiture, (j) the consummation of the GAC Divestiture, and (k) the
      issuance of the Company’s 5.00% Senior Notes due 2029.

    “Purchase Agreement” means (i) the Purchase Agreement dated June 26, 2020 among the Company, the Guarantors and the Initial
      Purchasers entered into in connection with the sale and issuance of the Initial Notes and (ii) with respect to any Additional Notes, any purchase agreement between the Company and the Initial Purchasers party thereto relating to the purchase from the
      Company of such Additional Notes.

    “Qualified Equity Interests” means all Equity Interests of a Person other than Disqualified Stock.

    
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    “Rating Agencies” means S&P and Moody’s; provided, that if either S&P or Moody’s (or both) shall cease issuing a
      rating on the Notes for reasons outside the control of the Company, the Company may select a nationally recognized statistical rating agency to substitute for S&P or Moody’s (or both).

    “Receivables Assets” means, accounts receivable (including any bills of exchange) and related assets and property from time to time
      originated, acquired or otherwise owned by the Company or any Subsidiary.

    “Register” has the meaning assigned to such term in Section 2.09.

    “Registrar” means an office or agency where Notes may be presented for registration of transfer or for exchange.

    “Regular Record Date” for the interest payable on any Interest Payment Date means the March 15 or September 15 (whether or not a
      Business Day) next preceding such Interest Payment Date.

    “Regulation S” means Regulation S under the Securities Act.

    “Regulation S Certificate” means a certificate substantially in the form of Exhibit E hereto.

     “Replacement Assets” means (1) non-current assets (other than securities of any Person) that will be used or useful in a Permitted
      Business or (2) all or substantially all of the assets of a Permitted Business or Voting Stock of any Person engaged in a Permitted Business that will become on the date of acquisition thereof a Restricted Subsidiary.

    “Restricted Investment” means an Investment other than a Permitted Investment.

    “Restricted Legend” means the legend set forth in Exhibit C.

    “Restricted Payment” has the meaning assigned to such term in Section 4.07.

    “Restricted Period” means the relevant 40-day distribution compliance period as defined in Regulation S.

    “Restricted Subsidiary” of a Person means any Subsidiary of the referent Person that is not an Unrestricted Subsidiary. Unless the
      context otherwise requires, “Restricted Subsidiary” refers to a Restricted Subsidiary of the Company.

    “Reversion Date” has the meaning assigned to such term in Section 4.19.

    “Rule 144A” means Rule 144A under the Securities Act.

    “Rule 144A Certificate” means (i) a certificate substantially in the form of Exhibit F hereto or (ii) a written certification
      addressed to the Company and the Trustee to the effect that the Person making such certification (x) is acquiring such Note (or beneficial interest)

    
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    for its own account or one or more accounts with respect to which it exercises sole investment discretion and that it and each such account is a qualified
      institutional buyer within the meaning of Rule 144A, (y) is aware that the transfer to it or exchange, as applicable, is being made in reliance upon the exemption from the provisions of Section 5 of the Securities Act provided by Rule 144A, and (z)
      acknowledges that it has received such information regarding the Company as it has requested pursuant to Rule 144A(d)(4) or has determined not to request such information.

    “S&P” means S&P Global Ratings, a division of McGraw Hill, Inc. and its successors.

    “Secured Leverage Ratio” means, on any date of determination (the “transaction date”), the ratio of (x) the aggregate amount
      of all Consolidated Total Indebtedness secured (or deemed secured pursuant to Section 4.06(b)(1)(y)) by a Lien on an any asset of the Company or any of its Restricted Subsidiaries (other than Liens described in clauses (2), (8), (25) and (27) of the
      definition of “Permitted Liens”) of the Company and its Restricted Subsidiaries, determined on a consolidated basis (with any Indebtedness incurred pursuant to Section 4.06(b)(1)(y) deemed to be secured Indebtedness for this purpose in connection
      with any measurement of the Secured Leverage Ratio pursuant to such clause) minus the aggregate amount of unrestricted cash and Cash Equivalents owned by the Company and its Restricted Subsidiaries on a consolidated basis to (y) the aggregate
      amount of Consolidated Cash Flow of the Company and its Restricted Subsidiaries for the four fiscal quarters immediately prior to the transaction date for which internal financial statements are available in each case with such pro forma
      adjustments to Indebtedness and Consolidated Cash Flow as are consistent with the pro forma adjustment provisions of the Fixed Charges Coverage Ratio.

    “Securities Act” means the Securities Act of 1933, as amended.

    “Securitization Assets” means any of the following assets (or interests therein) from time to time originated, acquired or otherwise
      owned by the Company or any Restricted Subsidiary or in which the Company or any Restricted Subsidiary has any rights or interests, in each case, without regard to where such assets or interests are located: (1) Receivables Assets and (2) any other
      assets and property to the extent customarily included in accounts receivable securitization transactions of the relevant type in the applicable jurisdictions (as determined by the Company in good faith).

    “Securitization Fees” means distributions or payments made directly or by means of discounts with respect to any participation
      interests issued or sold in connection with, and all other fees paid to a Person that is not a Restricted Subsidiary in connection with, any Permitted Securitization Financing.

    “Securitization Repurchase Obligation” means any obligation of a seller of Securitization Assets in a Permitted Securitization
      Financing to repurchase Securitization Assets arising as a result of a breach of a representation, warranty or covenant or otherwise, including as a result of a Securitization Asset 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.

    
      29

      
        

    

    “Significant Subsidiary” means any Subsidiary that would constitute a “significant subsidiary” within the meaning of Article 1, Rule
      1-02(w)(1)(i) or (ii) of Regulation S-X of the Securities Act.

    “Special Purpose Securitization Subsidiary” means (i) a direct or indirect Restricted Subsidiary of the Company established in
      connection with a Permitted Securitization Financing for the acquisition of Securitization Assets or interests therein and/or Equity Interests in other Special Purpose Securitization Subsidiaries, and which is organized in a manner (as determined by
      the Company in good faith) intended to reduce the likelihood that it would be substantively consolidated with the Company or any of its Restricted Subsidiaries (other than Special Purpose Securitization Subsidiaries) in the event the Company or any
      such Restricted Subsidiary becomes subject to a proceeding under the Bankruptcy Code (or other insolvency law) and (ii) any subsidiary of a Special Purpose Securitization Subsidiary.

    “Spectrum Merger” means the series of transactions contemplated by the Agreement and Plan of Merger, dated as of February 24, 2018,
      as amended by Amendment No. 1 thereto, dated as of June 8, 2018, by and among Spectrum Brands Legacy, Inc., Spectrum Brands Holdings, Inc., HRG SPV Sub I, Inc. and HRG SPV Sub II, Inc.

    “Stated Maturity” means, with respect to any installment of interest or principal on any series of Indebtedness, the date on which
      such payment of interest or principal was scheduled to be paid in the original documentation governing such Indebtedness, and shall not include any contingent obligations to repay, redeem or repurchase any such interest or principal prior to the date
      originally scheduled for the payment thereof.

    “Subsidiary” means, with respect to any specified Person:

    (1)          any corporation, association or other business entity
        of which more than 50% of the total voting power of shares of Capital Stock entitled (without regard to the occurrence of any contingency) to vote in the election of directors, managers or trustees thereof is at the time owned or controlled,
        directly or indirectly, by such Person or one or more of the other Subsidiaries of that Person (or a combination thereof); and

    (2)          any partnership (a) the sole general partner or the
        managing general partner of which is such Person or a Subsidiary of such Person or (b) the only general partners of which are such Person or one or more Subsidiaries of such Person (or any combination thereof).

    “Suspended Covenants” has the meaning assigned to such term in Section 4.19.

    “Suspension Period” has the meaning assigned to such term in Section 4.19.

    “Temporary Offshore Global Note” means an Offshore Global Note that bears the Temporary Offshore Global Note Legend.

    “Temporary Offshore Global Note Legend” means the legend set forth in Exhibit  I.

    “Termination Date” has the meaning assigned to such term in Section 3.05.

    
      30

      
        

    

    “Transaction Expenses” means fees and expenses payable or otherwise borne by the Company and its Restricted Subsidiaries in
      connection with the Transactions, including the costs of legal and financial advisors to the Company.

    “Transactions” means collectively (a) the issuance of the Notes and (b) the refinancing of the Existing Credit Agreement described
      under the heading “Summary–Recent Developments” in the Offering Memorandum.

    “Treasury Rate” means, as of any redemption date, the yield to maturity as of such redemption date of United States Treasury
      securities with a constant maturity (as compiled and published in the most recent Federal Reserve Statistical Release H.15(519) that has become publicly available at least two Business Days prior to the redemption date (or, if such Statistical
      Release is no longer published, any publicly available source of similar market data)) most nearly equal to the period from the redemption date to July 15, 2025; provided, however, that if the period from the redemption date to July
      15, 2025, is less than one year, the weekly average yield on actually traded United States Treasury securities adjusted to a constant maturity of one year will be used.

    “Trustee” means the party named as such in the first paragraph of this Indenture or any successor trustee under this Indenture
      pursuant to Article 7.

    “Trust Indenture Act” means the Trust Indenture Act of 1939, as amended.

    “U.S. Global Note” means a Global Note that bears the Restricted Legend representing Notes issued and sold pursuant to Rule 144A.

    “Unrestricted Subsidiary” means any Subsidiary of the Company that is designated by the Board of Directors as an Unrestricted
      Subsidiary pursuant to a resolution of the Board of Directors in compliance with Section 4.14, and any Subsidiary of such Subsidiary.

    “Voting Stock” of any Person as of any date means the Capital Stock of such Person that is at the time entitled to vote in the
      election of the Board of Directors of such Person.

    “Weighted Average Life to Maturity” means, when applied to any Indebtedness at any date, the number of years obtained by dividing:

    (1)          the sum of the products obtained by multiplying (a)
        the amount of each then remaining installment, sinking fund, serial maturity or other required payments of principal, including payment at final maturity, in respect thereof, by (b) the number of years (calculated to the nearest one-twelfth) that
        will elapse between such date and the making of such payment; by

    (2)          the then outstanding principal amount of such
        Indebtedness.

    “Wholly Owned” means, with respect to any Restricted Subsidiary, a Restricted Subsidiary all of the outstanding Capital Stock of
      which (other than any director’s qualifying shares) is owned by the Company and one or more Wholly Owned Restricted Subsidiaries (or a combination thereof).

    
      31

      
        

    

    Section 1.02          Rules of Construction. 

        Unless the context otherwise requires or except as otherwise expressly provided,

    (1)          an accounting term not otherwise
        defined has the meaning assigned to it in accordance with GAAP;

    (2)          “herein,” “hereof” and other
        words of similar import refer to this Indenture as a whole and not to any particular Section, Article or other subdivision;

    (3)          all references to Sections or
        Articles or Exhibits refer to Sections or Articles or Exhibits of or to this Indenture unless otherwise indicated;

    (4)          references to agreements or
        instruments, or to statutes or regulations, are to such agreements or instruments, or statutes or regulations, as amended from time to time (or to successor statutes and regulations); and

    (5)          in the event that a transaction
        meets the criteria of more than one category of permitted transactions or listed exceptions the Company may classify such transaction as it, in its sole discretion, determines.

    ARTICLE 2

        

        The Notes

    Section 2.01          Form, Dating and
          Denominations; Legends.  (a) The Notes and the Trustee’s certificate of authentication will be substantially in the form attached as Exhibit A. The terms and provisions contained in the form of the Notes annexed as Exhibit A
        constitute, and are hereby expressly made, a part of this Indenture. However, to the extent any provision of any Note conflicts with the express provisions of this Indenture, the provisions of this Indenture shall govern and be controlling. The
        Notes may have notations, legends or endorsements required by law, rules of or agreements with national securities exchanges to which the Company is subject, or usage. Each Note will be dated the date of its authentication. The Notes will be
        issuable in denominations of $2,000 in principal amount and any multiple of $1,000 in excess thereof; provided that Notes may be issued in denominations of less than $2,000 solely to accommodate book-entry positions that have been created
        by a DTC participant in denominations of less than $2,000.

    (b)       (1) Except as
        otherwise provided in paragraph (c), Section 2.10(b)(3), (b)(5), or (c) or Section 2.09(b)(4), each Initial Note or Additional Note (other than a Permanent Offshore Note) will bear the Restricted Legend.

    (2)          Each Global Note, whether or not
        an Initial Note or Additional Note, will bear the DTC Legend.

    (3)          Each Temporary Offshore Global
        Note will bear the Temporary Offshore Global Note Legend.

    
      32

      
        

    

    (4)          Initial Notes and Additional
        Notes offered and sold in reliance on Regulation S will be issued as provided in Section 2.11(a).

    (5)          Initial Notes and Additional
        Notes offered and sold in reliance on any exception under the Securities Act other than Regulation S and Rule 144A will be issued, and upon the request of the Company to the Trustee, Initial Notes offered and sold in reliance on Rule 144A may be
        issued, and any Initial Notes sold to an Affiliate of the Company shall be issued, in the form of Certificated Notes.

    (6)          Initial Notes resold to
        Institutional Accredited Investors will be in the form of an IAI Global Note.

    (c)       (1) If the
        Company determines (upon the advice of counsel and such other certifications and evidence as the Company may reasonably require) that a Note is eligible for resale pursuant to Rule 144 under the Securities Act (or a successor provision) without the
        need for current public information and that the Restricted Legend is no longer necessary or appropriate in order to ensure that subsequent transfers of the Note (or a beneficial interest therein) are effected in compliance with the Securities Act,
        or

    (2) after an Initial Note or any Additional Note is sold pursuant to an effective registration statement under the
      Securities Act, the Company shall instruct the Trustee to cancel the Note and issue to the Holder thereof (or to its transferee) a new Note of like tenor and amount, registered in the name of the Holder thereof (or its transferee), that does not bear
      the Restricted Legend, and the Trustee will comply with such instruction.

    (d)          By its
        acceptance of any Note bearing the Restricted Legend (or any beneficial interest in such a Note), each Holder thereof and each owner of a beneficial interest therein acknowledges the restrictions on transfer of such Note (and any such beneficial
        interest) set forth in this Indenture and in the Restricted Legend and agrees that it will transfer such Note (and any such beneficial interest) only in accordance with this Indenture and such legend.

    Section 2.02          Execution and
          Authentication; Additional Notes.  (a) An Officer shall execute the Notes for the Company by electronic, facsimile or manual signature in the name and on behalf of the Company. If an Officer whose signature is on a Note no longer holds that
        office at the time the Note is authenticated, the Note will still be valid.

    (b)          A Note will
        not be valid until the Trustee executes by electronic, facsimile or manual signature the certificate of authentication on the Note, with the signature conclusive evidence that the Note has been authenticated under this Indenture.

    (c)          At any time
        and from time to time after the execution and delivery of this Indenture, the Company may deliver Notes executed by the Company to the Trustee for authentication. The Trustee will authenticate and deliver

    (i)          Initial Notes for original issue in the aggregate
        principal amount not to exceed $300,000,000; and

    
      33

      
        

    

    (ii)          Additional Notes from time to time for original
        issue and any unlegended notes issued in exchange for such Initial Notes or Additional Notes pursuant to Section 2.01(c) hereof in aggregate principal amounts specified by the Company after the following conditions have been met:

    (1)          Receipt by the Trustee of an
        Officer’s Certificate specifying

    (A)          the amount of Notes to be
        authenticated and the date on which the Notes are to be authenticated,

    (B)          whether the Notes are to be
        Initial Notes or Additional Notes,

    (C)          in the case of Additional Notes,
        that the issuance of such Notes does not contravene any provision of Article 4 and all steps required thereunder have been complied with,

    (D)          whether the Notes are to be
        issued as one or more Global Notes or Certificated Notes, and

    (E)          other information the Company
        may determine to include or the Trustee may reasonably request.

    (2)          To the extent required by
        applicable tax regulations, if Additional Notes are not fungible with other Notes for U.S. federal income tax purposes, the Additional Notes shall be issued under a separate CUSIP number and shall be treated as a separate class for purposes of
        transfer and exchange.

    (d)          The Notes and
        any Additional Notes shall be treated as a single class for all purposes under this Indenture, other than as specified in clause (2) of Section 2.02(c), and shall vote together as one class on all matters with respect to the Notes.

    Section 2.03          Registrar, Paying
          Agent and Authenticating Agent; Paying Agent to Hold Money in Trust.  (a) The Company may appoint one or more Registrars and one or more Paying Agents, and the Trustee may appoint an Authenticating Agent, in which case each reference in this
        Indenture to the Trustee in respect of the obligations of the Trustee to be performed by that Agent will be deemed to be references to the Agent. The Company may act as Registrar or (except for purposes of Article 8) Paying Agent. In each
        case the Company and the Trustee will enter into an appropriate agreement with the Agent implementing the provisions of this Indenture relating to the obligations of the Trustee to be performed by the Agent and the related rights. The Company
        initially appoints the Trustee as Registrar and Paying Agent.

    (b)          The Company
        will require each Paying Agent other than the Trustee to agree in writing that the Paying Agent will hold in trust for the benefit of the Holders or the Trustee all money held by the Paying Agent for the payment of principal of and interest on the
        Notes and will promptly notify the Trustee of any default by the Company in making any such payment. The Company at any time may require a Paying Agent to pay all

    
      34

      
        

    

    money held by it to the Trustee and account for any funds disbursed, and the Trustee may at any time during the continuance of
        any payment default, upon written request to a Paying Agent, require the Paying Agent to pay all money held by it to the Trustee and to account for any funds disbursed. Upon doing so, the Paying Agent will have no further liability for the money so
        paid over to the Trustee.

    (c)          The Company
        may remove any Registrar or Paying Agent upon written notice to such Registrar or Paying Agent and to the Trustee; provided, however, that no such removal shall become effective until (i) if applicable, acceptance of an appointment
        by a successor as evidenced by an appropriate agreement entered into by the Company and such successor Registrar or Paying Agent, as the case may be, and delivered to the Trustee or (ii) notification to the Trustee that the Trustee shall serve as
        Registrar or Paying Agent until the appointment of a successor in accordance with the clause (i) above.

    Section 2.04          Replacement Notes. 

        If a mutilated Note is surrendered to the Trustee or if a Holder claims that its Note has been lost, destroyed or wrongfully taken, and the Company receives evidence to its satisfaction of the ownership and loss, mutilation or destruction of such
        Note, the Company will issue and the Trustee will authenticate a replacement Note of like tenor, series and principal amount and bearing a number not contemporaneously outstanding. Every replacement Note is an additional obligation of the Company
        and entitled to the benefits of this Indenture. If required by the Trustee or the Company, an indemnity must be furnished that is sufficient in the judgment of both the Trustee and the Company to protect the Company and the Trustee from any loss
        they may suffer if a Note is replaced. The Company may charge the Holder for all expenses of the Company and the Trustee in replacing a Note (including attorney’s fees). In case the mutilated, lost, destroyed or wrongfully taken Note has become or
        is about to become due and payable, the Company in its discretion may pay the Note instead of issuing a replacement Note.

    Section 2.05          Outstanding Notes. 

        (a) Notes outstanding at any time are all Notes that have been authenticated by the Trustee except for

    (1)          Notes cancelled by the Trustee
        or delivered to it for cancellation;

    (2)          any Note which has been replaced
        pursuant to Section 2.04 unless and until the Trustee and the Company receive proof satisfactory to them that the replaced Note is held by a protected purchaser as defined in Section 8-303 of the New York Uniform Commercial Code; and

    (3)          on or after the maturity date or
        any redemption date or date for purchase of Notes pursuant to an Offer to Purchase, those Notes payable or to be redeemed or purchased on that date for which the Trustee (or Paying Agent, other than the Company or an Affiliate of the Company) holds
        money sufficient to pay all amounts then due.

    (b)          A Note does
        not cease to be outstanding because the Company or one of its Affiliates holds the Note, provided that in determining whether the Holders of the requisite principal amount of the outstanding Notes have given or taken any request, demand,

    
      35

      
        

    

    authorization, direction, notice, consent, waiver or other action hereunder, Notes owned by the Company or any Affiliate of the
        Company will be disregarded and deemed not to be outstanding (it being understood that in determining whether the Trustee is protected in relying upon any such request, demand, authorization, direction, notice, consent, waiver or other action, only
        Notes which the Trustee knows to be so owned will be so disregarded). Notes so owned which have been pledged in good faith may be regarded as outstanding if the pledgee establishes to the satisfaction of the Trustee the pledgee’s right so to act
        with respect to such Notes and that the pledgee is not the Company or any Affiliate of the Company. Notes that are to be acquired by the Company or an Affiliate of the Company pursuant to an exchange offer, Offer to Purchase, tender offer or other
        agreement shall not be deemed to be owned by such entity until legal title to such Notes passes to such entity.

    Section 2.06          Temporary Notes. 
        Until definitive Notes are ready for delivery, the Company may prepare and the Trustee will authenticate temporary Notes. Temporary Notes will be substantially in the form of definitive Notes but may have insertions, substitutions, omissions and
        other variations determined to be appropriate by the Officer executing the temporary Notes, as evidenced by the execution of the temporary Notes. If temporary Notes are issued, the Company will cause definitive Notes to be prepared without
        unreasonable delay. After the preparation of definitive Notes, the temporary Notes will be exchangeable for definitive Notes upon surrender of the temporary Notes at the office or agency of the Company designated for the purpose pursuant to Section

          4.02, without charge to the Holder. Upon surrender for cancellation of any temporary Notes the Company will execute and the Trustee will authenticate and deliver in exchange therefor a like principal amount of definitive Notes of authorized
        denominations. Until so exchanged, the temporary Notes will be entitled to the same benefits under the Indenture as definitive Notes.

    Section 2.07          Cancellation. 
        The Company at any time may deliver to the Trustee for cancellation any Notes previously authenticated and delivered hereunder which the Company may have acquired in any manner whatsoever, and may deliver to the Trustee for cancellation any Notes
        previously authenticated hereunder which the Company has not issued and sold. Any Registrar or the Paying Agent will forward to the Trustee any Notes surrendered to it for transfer, exchange or payment. The Trustee will cancel all Notes surrendered
        for transfer, exchange, payment or cancellation and dispose of them in accordance with its normal procedures or the written instructions of the Company. Certification of the disposition of cancelled Notes shall, upon the request of the Company, be
        delivered to the Company. The Company may not issue new Notes to replace Notes it has paid in full or delivered to the Trustee for cancellation.

    Section 2.08          CUSIP and ISIN
          Numbers.  The Company in issuing the Notes may use “CUSIP” and “ISIN” numbers, and the Trustee will use CUSIP numbers or ISIN numbers in notices of redemption or exchange or in Offers to Purchase as a convenience to Holders, the notice to
        state that no representation is made as to the correctness of such numbers either as printed on the Notes or as contained in any notice of redemption or exchange or Offer to Purchase. The Company will promptly notify the Trustee of any change in
        the CUSIP or ISIN numbers.

    Section 2.09          Registration,
          Transfer and Exchange.  (a) The Notes will be issued in registered form only, without coupons, and the Company shall cause the Trustee to maintain a

    
      36

      
        

    

    register (the “Register”) of the Notes, for registering the record ownership of the Notes by the Holders and transfers and exchanges of
        the Notes.

    (b)       (1) Each Global
        Note will be registered in the name of the Depositary or its nominee and, so long as DTC is serving as the Depositary thereof, will bear the DTC Legend.

    (2)          Each Global Note will be
        delivered to the Trustee as custodian for the Depositary. Transfers of a Global Note (but not a beneficial interest therein) will be limited to transfers thereof in whole, but not in part, to the Depositary, its successors or their respective
        nominees, except (1) as set forth in Section 2.09(b)(4) and (2) transfers of portions thereof in the form of Certificated Notes may be made upon request of an Agent Member (for itself or on behalf of a beneficial owner) by written notice
        given to the Trustee by or on behalf of the Depositary in accordance with customary procedures of the Depositary and in compliance with this Section and Section 2.10 or Section 2.01(b)(5) and only under the circumstances provided
        for in Sections 2.01(b)(5) or 2.09(b)(4) unless otherwise agreed to by the Company.

    (3)          Agent Members will have no
        rights under this Indenture with respect to any Global Note held on their behalf by the Depositary, and the Depositary may be treated by the Company, the Trustee and any agent of the Company or the Trustee as the absolute owner and Holder of such
        Global Note for all purposes whatsoever. Notwithstanding the foregoing, the Depositary or its nominee may grant proxies and otherwise authorize any Person (including any Agent Member and any Person that holds a beneficial interest in a Global Note
        through an Agent Member) to take any action which a Holder is entitled to take under the Indenture or the Notes, and nothing herein will impair, as between the Depositary and its Agent Members, the operation of customary practices governing the
        exercise of the rights of a holder of any security.

    (4)          If (x) the Depositary notifies
        the Company that it is unwilling or unable to continue as Depositary for a Global Note and a successor depositary is not appointed by the Company within 90 days of the notice or (y) an Event of Default has occurred and is continuing and the Trustee
        has received a request from the Depositary, the Trustee will promptly exchange each beneficial interest in the Global Note for one or more Certificated Notes in authorized denominations having an equal aggregate principal amount registered in the
        name of the owner of such beneficial interest, as identified to the Trustee by the Depositary, and thereupon the Global Note will be deemed canceled. If such Note does not bear the Restricted Legend, then the Certificated Notes issued in exchange
        therefor will not bear the Restricted Legend. If such Note bears the Restricted Legend, then the Certificated Notes issued in exchange therefor will bear the Restricted Legend, provided that any Holder of any such Certificated Note issued
        in exchange for a beneficial interest in a Temporary Offshore Global Note will have the right upon presentation to the Trustee of a duly completed Certificate of Beneficial Ownership after the Restricted Period to exchange such Certificated Note
        for a Certificated Note of like tenor and amount that does not bear the Restricted Legend, registered in the name of such Holder.

    
      37

      
        

    

    (c)          Each
        Certificated Note will be registered in the name of the holder thereof or its nominee.

    (d)          A Holder may
        transfer a Note (or a beneficial interest therein) to another Person or exchange a Note (or a beneficial interest therein) for another Note or Notes of any authorized denomination by presenting to the Trustee a written request therefor stating the
        name of the proposed transferee or requesting such an exchange, accompanied by any certification, opinion or other document required by Section 2.10. The Trustee will promptly register any transfer or exchange that meets the requirements of
        this Section by noting the same in the register maintained by the Trustee for the purpose; provided that

    (x)          no transfer or exchange will be effective until it is
        registered in such register and

    (y)          the Trustee will not be required (i) to issue,
        register the transfer of or exchange any Note for a period of 15 days before a selection of Notes to be redeemed or purchased pursuant to an Offer to Purchase, (ii) to register the transfer of or exchange any Note so selected for redemption or
        purchase in whole or in part, except, in the case of a partial redemption or purchase, that portion of any Note not being redeemed or purchased, or (iii) if a redemption or a purchase pursuant to an Offer to Purchase is to occur after a Regular
        Record Date but on or before the corresponding Interest Payment Date, to register the transfer of or exchange any Note on or after the Regular Record Date and before the date of redemption or purchase. Prior to the registration of any transfer, the
        Company, the Trustee and their agents will treat the Person in whose name the Note is registered as the owner and Holder thereof for all purposes (whether or not the Note is overdue), and will not be affected by notice to the contrary.

    From time to time the Company will execute and the Trustee will authenticate Additional Notes as necessary in order to permit the
      registration of a transfer or exchange in accordance with this Section.

    No service charge will be imposed in connection with any transfer or exchange of any Note, but the Company may require payment of a sum
      sufficient to cover any transfer tax or similar governmental charge payable in connection therewith (other than a transfer tax or other similar governmental charge payable upon exchange pursuant to subsection (b)(4)).

    (e)       (1) Global
          Note to Global Note.  If a beneficial interest in a Global Note is transferred or exchanged for a beneficial interest in another Global Note, the Trustee will (x) record a decrease in the principal amount of the Global Note being transferred
        or exchanged equal to the principal amount of such transfer or exchange and (y) record a like increase in the principal amount of the other Global Note. Any beneficial interest in one Global Note that is transferred to a Person who takes delivery
        in the form of an interest in another Global Note, or exchanged for an interest in another Global Note, will, upon transfer or exchange, cease to be an interest in such Global Note and become an interest in the other Global Note and, accordingly,
        will thereafter be subject to all transfer and exchange restrictions, if any, and other procedures applicable to beneficial interests in such other Global Note for as long as it remains such an interest.

    
      38

      
        

    

    (2)          Global Note to Certificated
          Note.  If, under the circumstances provided for under Sections 2.01(b)(5) or 2.09(b)(4), a beneficial interest in a Global Note is transferred or exchanged for a Certificated Note, the Trustee will (x) record a decrease in the
        principal amount of such Global Note equal to the principal amount of such transfer or exchange and (y) deliver one or more new Certificated Notes in authorized denominations having an equal aggregate principal amount to the transferee (in the case
        of a transfer) or the owner of such beneficial interest (in the case of an exchange), registered in the name of such transferee or owner, as applicable.

    (3)          Certificated Note to Global
          Note.  If a Certificated Note is transferred or exchanged for a beneficial interest in a Global Note, the Trustee will (x) cancel such Certificated Note, (y) record an increase in the principal amount of such Global Note equal to the
        principal amount of such transfer or exchange and (z) in the event that such transfer or exchange involves less than the entire principal amount of the canceled Certificated Note, deliver to the Holder thereof one or more new Certificated Notes in
        authorized denominations having an aggregate principal amount equal to the untransferred or unexchanged portion of the canceled Certificated Note, registered in the name of the Holder thereof.

    (4)          Certificated Note to
          Certificated Note.  If a Certificated Note is transferred or exchanged for another Certificated Note, the Trustee will (x) cancel the Certificated Note being transferred or exchanged, (y) deliver one or more new Certificated Notes in
        authorized denominations having an aggregate principal amount equal to the principal amount of such transfer or exchange to the transferee (in the case of a transfer) or the Holder of the canceled Certificated Note (in the case of an exchange),
        registered in the name of such transferee or Holder, as applicable, and (z) if such transfer or exchange involves less than the entire principal amount of the canceled Certificated Note, deliver to the Holder thereof one or more Certificated Notes
        in authorized denominations having an aggregate principal amount equal to the untransferred or unexchanged portion of the canceled Certificated Note, registered in the name of the Holder thereof.

    Section 2.10          Restrictions on
          Transfer and Exchange.  (a) The transfer or exchange of any Note (or a beneficial interest therein) may only be made in accordance with this Section and Section 2.09 and, in the case of a Global Note (or a beneficial interest
        therein), the applicable rules and procedures of the Depositary. The Trustee shall refuse to register any requested transfer or exchange that does not comply with the preceding sentence.

    (b)          Subject to
        paragraph (c), the transfer or exchange of any Note (or a beneficial interest therein) of the type set forth in column A below for a Note (or a beneficial interest therein) of the type set forth opposite in column B below may only be made in
        compliance with the certification requirements (if any) described in the clause of this paragraph set forth opposite in column C below.

    	
            
              A

               

            

          	 	
            
              B

               

            

          	 	
            
              C

               

            

          
	
            U.S. Global Note

          	 	
            U.S. Global Note

          	 	
            (1)

          
	
            U.S. Global Note

          	 	
            Offshore Global Note

          	 	
            (2)

          
	
            U.S. Global Note

          	 	
            Certificated Note

          	 	
            (3)

          

    

    

    
      39

      
        

    

    

    

    	
            Offshore Global Note

          	 	
            U.S. Global Note

          	 	
            (4)

          
	
            Offshore Global Note

          	 	
            Offshore Global Note

          	 	
            (1)

          
	
            Offshore Global Note

          	 	
            Certificated Note

          	 	
            (5)

          
	
            Certificated Note

          	 	
            U.S. Global Note

          	 	
            (4)

          
	
            Certificated Note

          	 	
            Offshore Global Note

          	 	
            (2)

          
	
            Certificated Note

          	 	
            Certificated Note

          	 	
            (3)

          

    

    

    (1)          No certification is required.

    (2)          The Person requesting the
        transfer or exchange must deliver or cause to be delivered to the Trustee a duly completed Regulation S Certificate; provided that if the requested transfer or exchange is made by the Holder of a Certificated Note that does not bear the
        Restricted Legend, then no certification is required.

    (3)          The Person requesting the
        transfer or exchange must deliver or cause to be delivered to the Trustee (x) a duly completed Rule 144A Certificate, (y) a duly completed Regulation S Certificate or (z) a duly completed Institutional Accredited Investor Certificate, and/or an
        Opinion of Counsel and such other certifications and evidence as the Company may reasonably require in order to determine that the proposed transfer or exchange is being made in compliance with the Securities Act and any applicable securities laws
        of any state of the United States; provided that if the requested transfer or exchange is made by the Holder of a Certificated Note that does not bear the Restricted Legend, then no certification is required. In the event that (i) the requested
        transfer or exchange takes place after the Restricted Period and a duly completed Regulation S Certificate is delivered to the Trustee or (ii) a Certificated Note that does not bear the Restricted Legend is surrendered for transfer or exchange,
        upon transfer or exchange the Trustee will deliver a Certificated Note that does not bear the Restricted Legend.

    (4)          The Person requesting the
        transfer or exchange must deliver or cause to be delivered to the Trustee a duly completed Rule 144A Certificate.

    (5)          Notwithstanding anything to the
        contrary contained herein, no such exchange is permitted if the requested exchange involves a beneficial interest in a Temporary Offshore Global Note. If the requested transfer involves a beneficial interest in a Temporary Offshore Global Note, the
        Person requesting the transfer must deliver or cause to be delivered to the Trustee (x) a duly completed Rule 144A Certificate or (y) a duly completed Institutional Accredited Investor Certificate and/or an Opinion of Counsel and such other
        certifications and evidence as the Company may reasonably require in order to determine that the proposed transfer is being made in compliance with the Securities Act and any applicable securities laws of any state of the United States. If the
        requested transfer or exchange involves a beneficial interest in a Permanent Offshore Global Note, no certification is required and the Trustee will deliver a Certificated Note that does not bear the Restricted Legend.

    (c)          No
        certification is required in connection with any transfer or exchange of any Note (or a beneficial interest therein) (1) after such Note is eligible for resale pursuant to Rule 144 under the Securities Act (or a successor provision) without the
        need for

    
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    current public information; provided that the Company has provided the Trustee with an Officer’s Certificate to that effect,
        and the Company may require from any Person requesting a transfer or exchange in reliance upon this clause (1) an opinion of counsel and any other reasonable certifications and evidence in order to support such certificate; or (2) sold pursuant to
        an effective registration statement. Any Certificated Note delivered in reliance upon this paragraph will not bear the Restricted Legend.

    (d)          The Trustee
        will retain copies of all certificates, opinions and other documents received in connection with the transfer or exchange of a Note (or a beneficial interest therein), and the Company will have the right to inspect and make copies thereof at any
        reasonable time upon written notice to the Trustee.

    Section 2.11          Temporary Offshore
          Global Notes.  (a) Each Note originally sold by the Initial Purchasers in reliance upon Regulation S will be evidenced by one or more Offshore Global Notes that bear the Temporary Offshore Global Note Legend.

    (b)          An owner of a
        beneficial interest in a Temporary Offshore Global Note (or a Person acting on behalf of such an owner) may provide to the Trustee (and the Trustee will accept) a duly completed Certificate of Beneficial Ownership at any time after the Restricted
        Period (it being understood that the Trustee will not accept any such certificate during the Restricted Period). Promptly after acceptance of a Certificate of Beneficial Ownership with respect to such a beneficial interest, the Trustee will cause
        such beneficial interest to be exchanged for an equivalent beneficial interest in a Permanent Offshore Global Note, and will (x) permanently reduce the principal amount of such Temporary Offshore Global Note by the amount of such beneficial
        interest and (y) increase the principal amount of such Permanent Offshore Global Note by the amount of such beneficial interest.

    (c)          Notwithstanding

        paragraph (b), if after the Restricted Period any Initial Purchaser owns a beneficial interest in a Temporary Offshore Global Note, such Initial Purchaser may, upon written request to the Trustee accompanied by a certification as to its status as
        an Initial Purchaser, exchange such beneficial interest for an equivalent beneficial interest in a Permanent Offshore Global Note, and the Trustee will comply with such request and will (x) permanently reduce the principal amount of such Temporary
        Offshore Global Note by the amount of such beneficial interest and (y) increase the principal amount of such Permanent Offshore Global Note by the amount of such beneficial interest.

    (d)          Notwithstanding

        anything to the contrary contained herein, any owner of a beneficial interest in a Temporary Offshore Global Note shall not be entitled to receive payment of principal or interest on such beneficial interest or other amounts in respect of such
        beneficial interest until such beneficial interest is exchanged for an interest in a Permanent Offshore Global Note or transferred for an interest in another Global Note or a Certificated Note.

    
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    ARTICLE 3

      

        Redemption; Offer to Purchase

    Section 3.01          Optional Redemption.

    (a)          At any time on
        or after July 15, 2025, the Company may redeem all or a part of the Notes, from time to time, at the redemption prices (expressed as percentages of principal amount) set forth below plus accrued and unpaid interest, if any, to the applicable
        redemption date, in cash, if redeemed during the twelve-month period beginning on July 15 in the years indicated below:

    	
            
              Year

               

            

          	 	
            
              Percentage

               

            

          
	
            2025          

          	 	
            102.750%

          
	
            2026          

          	 	
            101.833%

          
	
            2027          

          	 	
            100.917%

          
	
            2028 and thereafter          

          	 	
            100.000%

          

    

    

    (b)          At any time prior to July 15,
        2025, the Company may redeem the Notes at its option, in whole at any time or in part from time to time, at a redemption price equal to 100% of the principal amount of the Notes redeemed plus the Applicable Premium as of, and accrued and unpaid
        interest, if any, to, the applicable redemption date.

    Section 3.02          Redemption with
          Proceeds of Equity Offering.  At any time and from time to time prior to July 15, 2023, the Company may redeem the Notes in an amount not to exceed the net cash proceeds received by the Company from one or more Equity Offerings at a
        redemption price equal to 105.50% of the principal amount plus accrued and unpaid interest to the redemption date, in an aggregate principal amount for all such redemptions not to exceed 35% of the aggregate principal amount of the Notes issued
        under this Indenture (calculated after giving effect to any issuance of Additional Notes), provided that

    (1)          in each case the redemption
        takes place not later than 90 days after the closing of the related Equity Offering, and

    (2)          not less than 65% of the
        aggregate principal amount of the Notes (calculated after giving effect to any issuance of Additional Notes) issued under the Indenture remains outstanding immediately thereafter.

    Section 3.03          Method and Effect of
          Redemption.  (a) Any redemption at the option of the Company or notice thereof may, at the Company’s discretion, be subject to one or more conditions precedent. If the Company elects to redeem Notes, it must notify the Trustee in writing of
        the redemption date and the principal amount of Notes to be redeemed by delivering an Officer’s Certificate at least 45 days before the redemption date (unless a shorter period is satisfactory to the Trustee).

    
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    If less than all of the Notes are to be redeemed at any time, the Officer’s Certificate must also specify a record date not less than 15
      days after the date of the notice of redemption is given to the Trustee, and the Trustee will select the Notes to be redeemed as follows: (1) if the Notes are listed, in compliance with the requirements of the principal securities exchange on which
      the Notes are listed; or (2) if the Notes are not so listed, on a pro rata basis, by lot or by such method as the Trustee shall deem fair and appropriate. No Notes of less than $2,000 shall be redeemed in part. The Trustee will notify the Company
      promptly of the Notes or portions of Notes to be called for redemption. Notices of redemption shall be mailed by first class mail, or delivered electronically if held by DTC, at least 30 but not more than 60 days before the redemption date to each
      Holder of the Notes to be redeemed at its registered address, except that redemption notices may be delivered more than 60 days prior to the redemption date if the notice is issued in connection with the defeasance of the Notes or a satisfaction and
      discharge of the Indenture.

    (b)          The notice of
        redemption will identify the Notes to be redeemed and will include or state the following:

    (1)          the redemption date;

    (2)          the redemption price, including
        the portion thereof representing any accrued interest;

    (3)          the place or places where the
        Notes are to be surrendered for redemption;

    (4)          Notes called for redemption must
        be so surrendered in order to collect the redemption price;

    (5)          interest on the Notes called for
        redemption will cease to accrue on and after the redemption date;

    (6)          if any Note is redeemed in part,
        the portion of the principal amount of the Note to be redeemed and on and after the redemption date, upon surrender of such Note, new Notes equal in principal amount to the unredeemed portion will be issued;

    (7)          if any Note contains a CUSIP or
        ISIN number, no representation is being made as to the correctness of the CUSIP or ISIN number either as printed on the Notes or as contained in the notice of redemption and that the Holder should rely only on the other identification numbers
        printed on the Notes; and

    (8)          if the redemption is subject to
        the satisfaction of one or more conditions precedent, the notice thereof shall describe each such condition and, if applicable, shall state that, in the Company’s discretion, the redemption date may be delayed until such time as any or all such
        conditions shall be satisfied (or waived by the Company in its sole discretion), and/or such redemption may not occur and such notice may be rescinded in the event that any or all such conditions shall not have been satisfied (or waived by the
        Company in its sole discretion) by the redemption date, or by the redemption date as so delayed, and/or that

    
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    such notice may be rescinded at any time by the Company if the Company determines in its sole discretion that any or all of such conditions will
        not be satisfied (or waived).

    (c)          Once notice of
        redemption is sent to the Holders, subject to any conditions specified in such notice of redemption, the Notes called for redemption become due and payable at the redemption price on the redemption date, and upon surrender of the Notes called for
        redemption, the Company shall redeem such Notes at the redemption price. On and after the redemption date, Notes redeemed will cease to accrue interest. Upon surrender of any Note redeemed in part, the Holder will receive a new Note equal in
        principal amount to the unredeemed portion of the surrendered Note.

    Section 3.04          Offer to Purchase. 

        (a) An “Offer to Purchase” means an offer by the Company to purchase Notes as required by this Indenture. An Offer to Purchase must be made by written offer (the “offer”) sent to the Holders. The Company will notify the Trustee in
        writing at least 15 days (or such shorter period as is acceptable to the Trustee) prior to sending the offer to Holders of its obligation to make an Offer to Purchase, and the offer will be sent by the Company or, at the Company’s request, by the
        Trustee in the name and at the expense of the Company.

    (b)          The offer must
        include or state the following as to the terms of the Offer to Purchase:

    (1)          the provision of this Indenture
        pursuant to which the Offer to Purchase is being made;

    (2)          the aggregate principal amount
        of the outstanding Notes offered to be purchased by the Company pursuant to the Offer to Purchase (including, if less than 100%, the manner by which such amount has been determined pursuant to this Indenture) (the “purchase amount”);

    (3)          the purchase price, including
        the portion thereof representing accrued interest;

    (4)          an expiration date (the “expiration

          date”) not less than 30 days or more than 60 days after the date of the offer, and a settlement date for purchase (the “purchase date”) not more than five Business Days after the expiration date;

    (5)          a Holder may tender all or any
        portion of its Notes, subject to the requirement that any portion of a Note tendered must be in equal to $2,000 or a higher multiple of $1,000;

    (6)          the place or places where Notes
        are to be surrendered for tender pursuant to the Offer to Purchase;

    (7)          each Holder electing to tender a
        Note pursuant to the offer will be required to surrender such Note at the place or places specified in the offer prior to the close of business on the expiration date (such Note being, if the Company or the Trustee so requires, duly endorsed or
        accompanied by a duly executed written instrument of transfer);

    
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    (8)          interest on any Note not
        tendered, or tendered but not purchased by the Company pursuant to the Offer to Purchase, will continue to accrue;

    (9)          on the purchase date the
        purchase price will become due and payable on each Note accepted for purchase, and interest on Notes purchased will cease to accrue on and after the purchase date;

    (10)          Holders are entitled to
        withdraw Notes tendered by giving notice, which must be received by the Company or the Trustee not later than the close of business on the expiration date, setting forth the name of the Holder, the principal amount of the tendered Notes, the
        certificate number of the tendered Notes and a statement that the Holder is withdrawing all or a portion of the tender;

    (11)          (i) if Notes in an aggregate
        principal amount less than or equal to the purchase amount are duly tendered and not withdrawn pursuant to the Offer to Purchase, the Company will purchase all such Notes, and (ii) if the Offer to Purchase is for less than all of the outstanding
        Notes, and Notes in an aggregate principal amount in excess of the purchase amount are tendered and not withdrawn pursuant to the offer, the Company will purchase Notes having an aggregate principal amount equal to the purchase amount on a pro rata
        basis based on principal amount tendered, with adjustments so that only Notes in multiples of $1,000 principal amount will be purchased;

    (12)          if any Note is purchased in
        part, new Notes of such series equal in principal amount to the unpurchased portion of the Note will be issued; and

    (13)          if any Note contains a CUSIP or
        ISIN number, no representation is being made as to the correctness of the CUSIP or ISIN number either as printed on the Notes or as contained in the offer and that the Holder should rely only on the other identification numbers printed on the
        Notes.

    (c)          Prior to or on
        the purchase date, the Company will accept tendered Notes for purchase as required by the Offer to Purchase and deliver to the Trustee all Notes so accepted together with an Officer’s Certificate specifying which Notes have been accepted for
        purchase. On the purchase date the purchase price will become due and payable on each Note accepted for purchase, and interest on Notes purchased will cease to accrue on and after the purchase date. The Trustee will promptly return to Holders any
        Notes not accepted for purchase and send to Holders new Notes equal in principal amount to any unpurchased portion of any Notes accepted for purchase in part.

    (d)          The Company
        will comply with the requirements of Rule 14e-1 under the Exchange Act and any other securities laws and regulations thereunder to the extent such laws and regulations are applicable in connection with any Offer to Purchase. To the extent that the
        provisions of any securities laws or regulations conflict with the Offer to Purchase provisions of the Indenture, the Company will comply with the applicable securities laws and regulations and will not be deemed to have breached its obligations
        under this Indenture by virtue of such compliance.

    
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    Section 3.05          Mandatory Redemption. 

        The Company is not required to make mandatory redemption or sinking fund payments with respect to the Notes.

    ARTICLE 4

        

        Covenants

    Section 4.01          Payment of Notes. 

        (a) The Company agrees to pay the principal of and interest on the Notes on the dates and in the manner provided in the Notes and this Indenture. Not later than 11:00 A.M. (New York City time) on the due date of any principal of or interest on any
        Notes, or any redemption or purchase price of the Notes, the Company will deposit with the Trustee (or Paying Agent) money in immediately available funds sufficient to pay such amounts, provided that if the Company or any Affiliate of the
        Company is acting as Paying Agent, it will, on or before each due date, segregate and hold in a separate trust fund for the benefit of the Holders a sum of money sufficient to pay such amounts until paid to such Holders or otherwise disposed of as
        provided in this Indenture. In each case the Company will promptly notify the Trustee of its compliance with this paragraph.

    (b)          An installment
        of principal or interest will be considered paid on the date due if the Trustee (or Paying Agent, other than the Company or any Affiliate of the Company) holds on that date money designated for and sufficient to pay the installment. If the Company
        or any Affiliate of the Company acts as Paying Agent, an installment of principal or interest will be considered paid on the due date only if paid to the Holders.

    (c)          The Company
        agrees to pay interest on overdue principal, and, to the extent lawful, overdue installments of interest at the rate per annum specified in the Notes.

    (d)          Payments in
        respect of the Notes represented by the Global Notes are to be made by wire transfer of immediately available funds to the accounts specified by the Holders of the Global Notes. With respect to Certificated Notes, the Company will make all payments
        by wire transfer of immediately available funds to the accounts specified by the Holders thereof at least ten Business Days prior to the date of such payment or, if no such account is specified, by mailing a check to each Holder’s registered
        address.

    Section 4.02          Maintenance of Office
          or Agency.  The Company will maintain in the United States of America, an office or agency where Notes may be surrendered for registration of transfer or exchange or for presentation for payment and where notices and demands to or upon the
        Company in respect of the Notes and this Indenture may be served. The Company hereby initially designates the Corporate Trust Office of the Trustee as such office of the Company. The Company will give prompt written notice to the Trustee of the
        location, and any change in the location, of such office or agency. If at any time the Company fails to maintain any such required office or agency or fails to furnish the Trustee with the address thereof, such presentations, surrenders, notices
        and demands may be made or served to the Trustee.

    The Company may also from time to time designate one or more other offices or agencies where the Notes may be surrendered or presented for
      any of such purposes and may from time to time rescind such designations. The Company will give prompt written notice to the

    
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    Trustee of any such designation or rescission and of any change in the location of any such other office or agency.

    Section 4.03          Existence.  The
        Company will do or cause to be done all things necessary to preserve and keep in full force and effect its existence and the existence of each of its Restricted Subsidiaries in accordance with their respective organizational documents, and the
        material rights, licenses and franchises of the Company and each Restricted Subsidiary, provided that the Company is not required to preserve any such right, license or franchise, or the existence of any Restricted Subsidiary, if (i) the
        maintenance or preservation thereof is no longer desirable in the conduct of the business of the Company and its Restricted Subsidiaries taken as a whole or (ii) where the failure to so preserve such right, license or franchise would not have a
        material adverse effect on the Company and its Restricted Subsidiaries; and provided further that this Section does not prohibit any transaction otherwise permitted by Section 4.12 or Article 5.

    Section 4.04          Payment of Taxes and
          other Claims.  The Company will pay or discharge, and cause each of its Subsidiaries to pay or discharge before the same become delinquent (i) all material taxes, assessments and governmental charges levied or imposed upon the Company or any
        Subsidiary or its income or profits or property, and (ii) all material lawful claims for labor, materials and supplies that, if unpaid, might by law become a Lien upon the property of the Company or any Subsidiary, other than any such tax,
        assessment or charge the amount, applicability or validity of which is being contested in good faith by appropriate proceedings and for which adequate reserves have been established or where failure to pay would not have a material adverse effect
        on the Company and its Restricted Subsidiaries.

    Section 4.05          Maintenance of
          Properties and Insurance.  (a) The Company will cause all properties used or useful in the conduct of its business or the business of any of its Restricted Subsidiaries to be maintained and kept in good condition, repair and working order as
        in the judgment of the Company may be necessary so that the business of the Company and its Restricted Subsidiaries may be properly and advantageously conducted at all times; provided that nothing in this Section prevents the Company or any
        Restricted Subsidiary from discontinuing the use, operation or maintenance of any of such properties or disposing of any of them, if such discontinuance or disposal is, in the judgment of the Company, desirable in the conduct of the business of the
        Company and its Restricted Subsidiaries taken as a whole.

    (b)          The Company
        will provide or cause to be provided, for itself and its Restricted Subsidiaries, insurance (including appropriate self-insurance) against loss or damage of the kinds customarily insured against by corporations similarly situated and owning like
        properties, including, but not limited to, products liability insurance and public liability insurance, with reputable insurers, in such amounts, with such deductibles and by such methods as are customary for corporations similarly situated in the
        industry in which the Company and its Restricted Subsidiaries are then conducting business.

    Section 4.06          Limitation on
          Incurrence of Indebtedness and Issuance of Preferred Stock.  (a) The Company will not, and will not permit any of its Restricted Subsidiaries to, directly or indirectly, incur any Indebtedness (including Acquired Debt), and the Company will
        not permit any of its Restricted Subsidiaries to issue any Preferred Stock; provided, however, that the Company or any Restricted Subsidiary may incur Indebtedness, if the Fixed Charge

    
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    Coverage Ratio for the Company’s most recently ended four full fiscal quarters for which internal financial statements are available immediately
        preceding the date on which such additional Indebtedness is incurred would have been at least 2.0 to 1.0, determined on a pro forma basis (including a pro forma application of the net proceeds therefrom), as if the
        additional Indebtedness had been incurred at the beginning of such four-quarter period; provided, further, that any Restricted Subsidiary that is not a Guarantor may not incur Indebtedness or issue shares of Disqualified Stock or
        Preferred Stock in a principal amount (or accreted value, as applicable) that, when aggregated with the principal amount (or accreted value, as applicable) of all Indebtedness then outstanding and incurred by such non-Guarantor Restricted
        Subsidiaries under this clause (a), together with all Permitted Refinancing Indebtedness incurred to refund, refinance or replace any such Indebtedness, exceeds the greater of $650.0 million and 65.0% of the Consolidated Cash Flow of the Company
        for the most recently ended four full fiscal quarters for which internal financial statements are available immediately preceding such date on which such additional Indebtedness is incurred and after giving pro forma effect thereto
        (including a pro forma application of the net proceeds therefrom) as if such indebtedness had been incurred at the beginning of such four fiscal quarters.

    (b)          Notwithstanding

        the foregoing, Section 4.06(a) will not prohibit the incurrence of any of the following items of Indebtedness (collectively, “Permitted Debt”):

    (1)          the incurrence by the Company or
        any Restricted Subsidiaries of Indebtedness (including Indebtedness under the Credit Agreement) under Credit Facilities (and the incurrence of Guarantees thereof) in an aggregate principal amount at any one time outstanding pursuant to this clause
        (1) (with letters of credit being deemed to have a principal amount equal to the maximum potential liability of the Company and its Restricted Subsidiaries thereunder) not to exceed the sum of (A) the greater of $1,000 million and the Borrowing
        Base and (B) the greater of (x) $2,800 million and (y) an amount such that, on a pro forma basis after giving effect to the incurrence of such Indebtedness (and application of the net proceeds therefrom), the Secured Leverage Ratio
        would be no greater than 3.25 to 1.0 (provided that all Indebtedness incurred under clause (B)(y), whether or not secured, shall be included when calculating the Secured Leverage Ratio for purposes of this clause (B)(y)); less the aggregate
        amount of all Net Proceeds of Asset Sales applied by the Company or any Restricted Subsidiary to permanently repay any such Indebtedness (and, in the case of any revolving credit Indebtedness, to effect a corresponding commitment reduction
        thereunder) pursuant to Section 4.12;

    (2)          the incurrence of Existing
        Indebtedness;

    (3)          the incurrence by the Company
        and the Guarantors of Indebtedness represented by the Notes (excluding any Additional Notes) and the related Note Guarantees;

    (4)          the incurrence by the Company or
        any Restricted Subsidiary of the Company of Indebtedness (including Capital Lease Obligations, mortgage financings or purchase money obligations), incurred for the purpose of financing or reimbursing all or any part of the purchase price or cost of
        the acquisition, development, construction, purchase, lease, repair, addition or improvement of property (real or personal), plant, equipment

    
      48

      
        

    

    or other fixed or capital assets that are used or useful in the Permitted Business, whether through the direct purchase of assets or the purchase
        of Equity Interests of any Person owning such assets (in each case, incurred within 365 days of such acquisition, development, construction, purchase, lease, repair, addition or improvement), in a principal amount that, when aggregated with the
        principal amount of all Indebtedness then outstanding under this clause (4), together with all Permitted Refinancing Indebtedness incurred to refund, refinance or replace any such Indebtedness incurred under this clause (4), does not exceed the
        greater of (a) $300.0 million and (b) 30% of Consolidated Cash Flow of the Company for the most recently ended four full fiscal quarters for which internal financial statements are available immediately preceding such date on which such additional
        Indebtedness is incurred and after giving pro forma effect thereto as if such event occurred at the beginning of such four fiscal quarters;

    (5)          the incurrence by the Company or
        any Restricted Subsidiary of the Company of Permitted Refinancing Indebtedness in exchange for, or the net proceeds of which are used to refund, refinance or replace Indebtedness (other than intercompany Indebtedness) that was permitted by the
        Indenture to be incurred under Section 4.06(a) or clause (2), (3), (4), (5), (8), (10), (11) or (16) of this Section 4.06(b);

    (6)          the incurrence by the Company or
        any of its Restricted Subsidiaries of intercompany Indebtedness owing to and held by the Company or any of its Restricted Subsidiaries; provided, however, that:

    (a)          if the Company or any Guarantor is the obligor on
        such Indebtedness, such Indebtedness must be unsecured and expressly subordinated to the prior payment in full in cash of all Obligations with respect to the Notes, in the case of the Company, or the Note Guarantee, in the case of a Guarantor; and

    (b)          (i) any subsequent issuance or transfer of Equity
        Interests that results in any such Indebtedness being held by a Person other than the Company or a Restricted Subsidiary thereof and (ii) any sale or other transfer of any such Indebtedness to a Person that is not either the Company or a Restricted
        Subsidiary thereof, shall be deemed, in each case, to constitute an incurrence of such Indebtedness by the Company or such Restricted Subsidiary, as the case may be, that was not permitted by this clause (6);

    (7)          the Guarantee by the Company or
        any Restricted Subsidiary of Indebtedness of the Company or a Restricted Subsidiary of the Company that was permitted to be incurred by another provision of this Section 4.06;

    (8)          the incurrence by the Company or
        any Restricted Subsidiary of the Company of other Indebtedness in a principal amount (or accreted amount as applicable) that, when aggregated with the principal amount of all Indebtedness then outstanding under this clause (8), together with all
        Permitted Refinancing Indebtedness incurred to refund, refinance or replace any such Indebtedness incurred under this clause (8), does not exceed the greater of (a) $550.0 million and (b) 55% of Consolidated Cash Flow of the Company for the most
        recently ended four full fiscal quarters for which internal financial statements are available immediately preceding such date on which such additional Indebtedness is incurred and after

    
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    giving pro forma effect thereto (including a pro forma application of the net proceeds therefrom) as if such event
        occurred at the beginning of such four fiscal quarters;

    (9)          the incurrence of Indebtedness
        by the Company or any Restricted Subsidiary of the Company arising from the honoring by a bank or other financial institution of a check, draft or similar instrument inadvertently (except in the case of daylight overdrafts) drawn against
        insufficient funds in the ordinary course of business; provided that such Indebtedness is extinguished within five Business Days of incurrence;

    (10)          Acquired Debt; provided
        that after giving effect to the incurrence thereof, the Company either (x) could incur $1.00 of indebtedness under Section 4.06(a) or (y) would have had a Fixed Charge Coverage Ratio equal to or greater than the actual Fixed Charge Coverage Ratio
        of the Company for the four-quarter period immediately prior to such transaction;

    (11)          the incurrence of Indebtedness
        by Foreign Subsidiaries; provided that the principal amount (or accreted value, as applicable) incurred under this clause (11), when aggregated with the principal amount (or accreted value, as applicable) of all other Indebtedness then
        outstanding and incurred under this clause (11), together with all Permitted Refinancing Indebtedness incurred to refund, refinance or replace any Indebtedness incurred pursuant to this clause (11), does not exceed the greater of $750.0 million and
        75% of Consolidated Cash Flow of the Company for the most recently ended four full fiscal quarters for which internal financial statements are available immediately preceding such date on which such additional Indebtedness is incurred and after
        giving pro forma effect thereto (including a pro forma application of the net proceeds therefrom) as if such event occurred at the beginning of such four fiscal quarters, and Guarantees thereof by any Foreign
        Subsidiary;

    (12)          (A) Indebtedness in respect of
        bid, performance or surety bonds, workers’ compensation claims, self-insurance obligations or health, disability or other benefits to employees or former employees or their families, and Indebtedness incurred in connection with the maintenance of,
        or pursuant to the requirements of, environmental or other permits or licenses from governmental authorities, in each case incurred in the ordinary course of business, including guarantees or obligations of the Company or any Restricted Subsidiary
        with respect to letters of credit supporting such obligations (in each case other than for an obligation for money borrowed); and (B) Indebtedness consisting of the financing of insurance premiums, in the ordinary course of business;

    (13)          Indebtedness arising in
        connection with endorsement of instruments for deposit in the ordinary course of business;

    (14)          Indebtedness of the Company or
        any Restricted Subsidiary incurred in the ordinary course of business under guarantees of Indebtedness of suppliers, licensees, franchisees or customers in an aggregate amount not to exceed $10.0 million at any time outstanding;

    
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    (15)          the incurrence by the Company
        or any of its Restricted Subsidiaries of Indebtedness solely in respect of premium financing or similar deferred payment obligations with respect to insurance policies purchased in the ordinary course of business;

    (16)          Contribution Debt;

    (17)          Indebtedness incurred on behalf
        of, or representing Guarantees of Indebtedness of, joint ventures of the Company or any Restricted Subsidiary; provided however, that the aggregate principal amount of Indebtedness incurred under this clause (17) when aggregated with
        the principal amount of all other Indebtedness then outstanding and incurred pursuant to this clause (17) does not exceed the greater of $100.0 million and 10.0% of Consolidated Cash Flow of the Company for the most recently ended four full fiscal
        quarters for which internal financial statements are available immediately preceding such date on which such additional Indebtedness is incurred and after giving pro forma effect thereto (including a pro forma application of the net proceeds
        therefrom) as if such event occurred at the beginning of such four fiscal quarters; and

    (18)          Indebtedness in connection with
        Permitted Securitization Financings.

    (c)          For purposes
        of determining compliance with this Section 4.06, in the event that any proposed Indebtedness meets the criteria of more than one of the categories of Permitted Debt described in clauses (1) through (18) above, or is entitled to be incurred
        pursuant to Section 4.06(a), the Company will be permitted to divide, classify or reclassify at the time of its incurrence such item of Indebtedness in any manner that complies with this Section 4.06. In addition, any Indebtedness
        originally classified as incurred pursuant to Section 4.06(a) or clauses (1) through (18) above may later be reclassified by the Company such that it will be deemed as having been incurred pursuant to another of such clauses or Section
          4.06(a) above to the extent that such reclassified Indebtedness could be incurred pursuant to such new clause or Section 4.06(a) at the time of such reclassification (based on circumstances existing at the time of such
        reclassification). An item of Indebtedness may be divided or classified in more than one of the types of Indebtedness described in Section 4.06(a) and clauses (1) through (18) above (other than with respect to Indebtedness Incurred under
        clause (10)) without giving pro forma effect to the Indebtedness simultaneously Incurred pursuant to clauses (1) through (18) above when calculating the amount of Indebtedness that may be Incurred pursuant to Section 4.06(a).
        If any Contribution Debt is designated as incurred under any provision other than under Section 4.06(b)(16), the related issuance of Equity Interests may be included in any calculation under Section 4.07(a)(iii)(B).

    Subject to the foregoing, any Indebtedness incurred pursuant to Section 4.06(b)(1) shall be deemed for purposes of this covenant to
      have been incurred on the date such Indebtedness was first incurred until such Indebtedness is actually repaid, other than pursuant to “cash sweep” provisions or any similar provisions under any Credit Facility that provides that such Indebtedness is
      deemed to be repaid daily (or otherwise periodically).

    (d)          The amount of
        Indebtedness incurred in any foreign currency for purposes of this Indenture shall be converted into U.S. dollars at the time of first incurrence, in

    
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    the case of term debt, or first committed or first incurred (whichever yields the lower U.S. dollar equivalent), in the case of revolving credit
        debt, and the amount of such Indebtedness outstanding will not be deemed to change as a result of fluctuations in currency exchange rates after such date of incurrence. However, if the Indebtedness is incurred to refinance other Indebtedness
        denominated in a foreign currency, and the refinancing would cause the applicable U.S. dollar-denominated restriction to be exceeded if calculated at the relevant currency exchange rate in effect on the date of the refinancing, the U.S.
        dollar-denominated restriction will be deemed not to have been exceeded so long as the principal amount of the refinancing Indebtedness does not exceed the principal amount of the Indebtedness being refinanced.

    Section 4.07          Limitation on
          Restricted Payments.  (a) The Company will not, and will not permit any of its Restricted Subsidiaries to, directly or indirectly:

    (1)          declare or pay any dividend or
        make any other payment or distribution on account of the Company’s or any of its Restricted Subsidiaries’ Equity Interests (including, without limitation, any payment in connection with any merger or consolidation involving the Company or any of
        its Restricted Subsidiaries) or to the direct or indirect holders of the Company’s or any of its Restricted Subsidiaries’ Equity Interests in their capacity as such (other than (A) dividends, payments or distributions payable in Equity Interests
        (other than Disqualified Stock) of the Company or to the Company or a Restricted Subsidiary of the Company and (B) dividends, payments or distributions by a Restricted Subsidiary so long as, in the case of any dividends, payments or distributions
        payable on or in respect of any class or series of securities issued by a Restricted Subsidiary that is not Wholly Owned, the Company or a Restricted Subsidiary receives at least its pro rata share of such dividends, payments or distributions in
        accordance with its Equity Interests in such class or series of securities);

    (2)          purchase, redeem or otherwise
        acquire or retire for value (including, without limitation, in connection with any merger or consolidation involving the Company) any Equity Interests of the Company or any direct or indirect parent of the Company, including Holdings;

    (3)          make any payment on or with
        respect to, or purchase, redeem, defease or otherwise acquire or retire for value any Indebtedness that is contractually subordinated in right of payment to the Notes or the Note Guarantees, except (a) payments of interest on or after Stated
        Maturity thereof, (b) payments, purchases, redemptions, defeasances or other acquisitions or retirements for value of principal on or after the date that is one year prior to the Stated Maturity thereof or (c) payments on Indebtedness permitted to
        be incurred pursuant to clause (6) of Section 4.06(b), or

    (4)          make any Restricted Investment

    (all such payments and other actions set forth in clauses (1) through (4) above being collectively referred to as “Restricted Payments”), unless, at the
      time of and after giving effect to such Restricted Payment:

    
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    (i)          no Default or Event of Default shall have occurred
        and be continuing or would occur as a consequence thereof; and

    (ii)          The Company would, at the time of such Restricted
        Payment and after giving pro forma effect thereto as if such Restricted Payment had been made at the beginning of the applicable four-quarter period, have been permitted to incur at least $1.00 of additional Indebtedness pursuant to
        the Fixed Charge Coverage Ratio test set forth in Section 4.06(a); and

    (iii)          such Restricted Payment, together with the
        aggregate amount of all other Restricted Payments made by the Company and its Restricted Subsidiaries after December 4, 2014 (excluding Restricted Payments permitted by clauses (2), (3) and (4) (to the extent such dividends are paid to the Company
        or any of its Restricted Subsidiaries) and (5), (6), (8), (9)(i), (ii) or (iv), (10), (11), (12) and (13) of the next succeeding paragraph (b)), is less than the sum, without duplication, of:

    (A)          50% of the Consolidated Net
        Income of the Company for the period (taken as one accounting period) from October 1, 2014 to the end of the Company’s most recently ended fiscal quarter for which internal financial statements are available at the time of such Restricted Payment
        (or, if such Consolidated Net Income for such period is a deficit, less 100% of such deficit); plus

    (B)          100% of the aggregate net cash
        proceeds (and fair market value of marketable securities or other property) received by the Company after December 4, 2014 as a contribution to its common equity capital or from the issue or sale of Equity Interests (other than Disqualified Stock)
        of the Company or from the issue or sale of convertible or exchangeable Disqualified Stock or convertible or exchangeable debt securities of the Company that have been converted into or exchanged for such Equity Interests (other than Equity
        Interests (or Disqualified Stock or debt securities) sold to a Subsidiary of the Company); plus

    (C)          with respect to Restricted
        Investments made by the Company and its Restricted Subsidiaries after December 4, 2014, an amount equal to the net reduction in Investments (other than reductions in Permitted Investments) in any Person resulting from repayments of loans or
        advances, or other transfers of assets, in each case to the Company or any Restricted Subsidiary or from the net cash proceeds from the sale of any such Investment (except, in each case, to the extent any such payment or proceeds are included in
        the calculation of Consolidated Net Income) from the release of any Guarantee (except to the extent any amounts are paid under such Guarantee) or from redesignations of Unrestricted Subsidiaries as Restricted Subsidiaries, not to exceed, in each
        case, the amount of Investments previously made by the Company or any Restricted Subsidiary in such Person or Unrestricted Subsidiary; plus

    (D)          $350.0 million.

    (b)          So long as, in
        the case of clauses (7), (8) and (15), no Default has occurred and is continuing or would be caused thereby, the preceding provisions will not prohibit:

    
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    (1)          the payment of any dividend or
        distribution or consummation of a redemption within 60 days after the date of declaration thereof or the giving of the redemption notice, as applicable, if at said date of declaration or notice such payment would have complied with the provisions
        of this Indenture;

    (2)          the redemption, repurchase,
        retirement, defeasance or other acquisition of any subordinated Indebtedness of the Company or any Guarantor or of any Equity Interests (including Disqualified Stock) of the Company or any Restricted Subsidiary in exchange for, or out of the net
        cash proceeds of a contribution to the common equity of the Company or sale (other than to a Subsidiary of the Company) of, Equity Interests of the Company or any direct or indirect parent of the Company (other than Disqualified Stock) contributed
        to the equity of the Company, in each case, within 60 days of such redemption, repurchase, retirement, defeasance or other acquisition; provided that the amount of any such net cash proceeds that are utilized for any such redemption,
        repurchase, retirement, defeasance or other acquisition shall be excluded from clause (iii)(B) of the preceding paragraph (a);

    (3)          the defeasance, repayment,
        redemption, repurchase or other acquisition of subordinated Indebtedness of the Company or any Guarantor with the net cash proceeds from an incurrence of Permitted Refinancing Indebtedness;

    (4)          the payment of any dividend or
        distribution by a Restricted Subsidiary of the Company to the holders of its common Equity Interests on a pro rata basis;

    (5)          Investments acquired as a
        capital contribution to, or in exchange for, or out of the net cash proceeds of an offering of, Equity Interests (other than Disqualified Stock) of the Company or other contributions to the common equity capital of the Company, in each case within
        60 days of the acquisition of such Investment; provided that the amount of any such net cash proceeds that are utilized for any such acquisition or exchange shall be excluded from clause (3)(B) of the preceding paragraph (a);

    (6)          the repurchase of Capital Stock
        deemed to occur upon the exercise of options, warrants or other convertible or exchangeable securities or the vesting of restricted stock, restricted stock units, or similar instruments if such Capital Stock represents fractional shares or all or a
        portion of the exercise price thereof or withholding taxes payable in connection with the exercise thereof;

    (7)          the repurchase, redemption or
        other acquisition or retirement for value of (or payments to Holdings to fund any such repurchase, redemption or other acquisition of value) any Equity Interests of Holdings (or any direct or indirect parent of Holdings) or the Company held by any
        employee, former employee, director or former director of the Company (or any of its Restricted Subsidiaries) or Holdings (or any direct or indirect parent of Holdings) or any permitted transferee of any of the foregoing pursuant to the terms of
        any employee equity subscription agreement, stock option agreement or similar agreement; provided that the aggregate price paid for all such repurchased, redeemed, acquired or retired Equity Interests in any fiscal year, and any payment by the
        Company to Holdings to enable Holdings (or any direct or indirect parent of Holdings) to make such payments, shall not exceed the sum of (x) $5.0 million and (y) the amount of Restricted Payments permitted but not made

    
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    pursuant to this clause (7) in prior fiscal years; provided that no more than $10.0 million may be carried forward in any fiscal year; provided,
        further, however, that such amount in any calendar year may be increased by an amount not to exceed;

    (A)          the cash proceeds received by
        the Company or any of its Restricted Subsidiaries from the sale of Equity Interests (other than Disqualified Stock) of the Company or any direct or indirect parent of the Company (to the extent contributed to the Company) to members of management,
        directors, employees or consultants of the Company, its Restricted Subsidiaries or any direct or indirect parent of the Company that occurs after December 4, 2014 (provided that the amount of cash proceeds utilized for any such repurchase,
        redemption or other acquisition or dividend will not increase the amount available for Restricted Payments under clause (3)(b) of the preceding paragraph (A)); plus

    (B)          the cash proceeds of key man
        life insurance policies received by the Company or any direct or indirect parent of the Company (to the extent contributed to the Company) or the Restricted Subsidiaries after December 4, 2014; provided that cancellation of Indebtedness
        owing to the Company or any Restricted Subsidiary from any present or former employees, directors, officers or consultants of the Company, any Restricted Subsidiary or the direct or indirect parents of the Company in connection with a repurchase of
        Equity Interests of the Company or any of its direct or indirect parents will not be deemed to constitute a Restricted Payment for purposes of this Section 4.07 or any other provision of this Indenture;

    (8)          the payment, repurchase,
        redemption, defeasance or other acquisition or retirement for value of any subordinated Indebtedness required in accordance with provisions applicable thereto similar to those described under Sections 4.11 and 4.12; provided
        that all Notes tendered by Holders in connection with a Change of Control Offer or Asset Sale Offer, as applicable, have been repurchased, redeemed or acquired for value;

    (9)          payments made to Holdings (i) to
        allow Holdings (or any direct or indirect parent of Holdings) to pay administrative expenses and corporate overhead, franchise fees, public company costs (including SEC and auditing fees) and customary director fees in an aggregate amount not to
        exceed $5.0 million in any calendar year; (ii) to allow Holdings to pay premiums and deductibles in respect of directors and officers insurance policies and umbrella excess insurance policies obtained from third-party insurers and indemnities for
        the benefit of its directors, officers and employees, (iii) to allow Holdings or such other parent of the Company to pay reasonable fees and expenses incurred in connection with any unsuccessful debt or equity offering or any unsuccessful
        acquisition or strategic transaction by such direct or indirect parent company of the Company and (iv) to allow Holdings (or any direct or indirect parent of Holdings) to pay income taxes attributable to the Company and its Subsidiaries in an
        amount not to exceed the amount of such taxes that would be payable by the Company and its Subsidiaries on a stand-alone basis (if the Company were a corporation and parent of a consolidated group including its Subsidiaries); provided that
        any payments pursuant to this clause (iv) in any period not otherwise deducted in calculating Consolidated Net Income shall be deducted in calculating Consolidated Net Income for such period (and shall be deemed to be a provision for taxes for
        purposes of calculating Consolidated Cash Flow for such period);

    
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    (10)          Restricted Payments not
        otherwise permitted hereby in an aggregate amount not to exceed the greater of 17.5% of Consolidated Cash Flow and $175.0 million;

    (11)          (A) the declaration and payment
        of dividends to holders of any class or series of Disqualified Stock of the Company or any Restricted Subsidiary or Preferred Stock of any Restricted Subsidiary issued in accordance with Section 4.06 to the extent such dividends are
        included in the definition of Fixed Charges and payment of any redemption price or liquidation value of any such Disqualified Stock or Preferred Stock when due at final maturity in accordance with its terms and (B) the declaration and payment of
        dividends to a direct or indirect parent company of the Company, the proceeds of which will be used to fund the payment of dividends to holders of any class or series of Preferred Stock (other than Disqualified Stock) of such parent company issued
        after December 4, 2014; provided that (i) the aggregate amount of dividends paid pursuant to this clause (B) shall not exceed the aggregate amount of cash actually contributed to the Company from the sale
        of such Preferred Stock and (ii) the amount of cash used to make any payments pursuant to this clause (B) shall be excluded from calculations pursuant to clause (3) of the first paragraph above and shall not be used for the purpose of any other
        Restricted Payment;

    (12)          (a) any Restricted Payments
        used to fund the Transactions and the fees and expenses related thereto, including those owed to Affiliates and (b) any Restricted Payments used to fund the Prior Transactions and the fees and expenses related thereto, including those owed to
        Affiliates;

    (13)          any “deemed dividend” resulting
        under the tax laws from, or in connection with, the filing of a consolidated or combined tax return by Holdings or any direct or indirect parent of the Company (and not involving any cash distribution from the Company or any Restricted Subsidiary
        except as permitted by clause (9)(iv) above);

    (14)          the payment of dividends to
        Holdings to fund a payment of dividends on Holdings’ common stock (or the common stock of any direct or indirect parent of Holdings) of up to 6% per annum of the net cash proceeds received by or contributed to the Company as a contribution to
        equity in or from any public offering of common stock of Holdings (or the common stock of any direct or indirect parent of Holdings) other than public offerings registered on Form S-4 or Form S-8 (or their successor or equivalent forms);

    (15)          any Restricted Payment if, at
        the time of making of such payment and after giving effect thereto (including the incurrence of any Indebtedness to finance such payments) the Consolidated Total Debt Ratio shall be no greater than 4.0 to 1.0; and

    (16)          purchases of Securitization
        Assets pursuant to a Securitization Repurchase Obligation in connection with a Permitted Securitization Financing and the payment or distribution of Securitization Fees.

    (c)          The amount of
        all Restricted Payments (other than cash) shall be the fair market value on the date of the Restricted Payment of the asset(s) or securities proposed to be transferred or issued to or by the Company or such Subsidiary, as the case may

    
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    be, pursuant to the Restricted Payment. The fair market value of any assets or securities in excess of $10.0 million that are
        required to be valued by this covenant shall be determined by the Board of Directors.

    (d)          For purposes
        of determining compliance with this Section 4.07, in the event that a proposed Restricted Payment (or portion thereof) meets the criteria of more than one of the categories of Restricted Payments described in clauses (1) through (16) above,
        or is entitled to be incurred pursuant to Section 4.07(a), the Company will be entitled to divide, classify or re-classify (based on circumstances existing on the date of such reclassification) such restricted payment or portion thereof in
        any manner that complies with this Section 4.07 and such Restricted Payment will be treated as having been made pursuant to only such clause or clauses or Section 4.07(a).

    Section 4.08          Limitation on Liens. 

        (a) The Company will not, and will not permit any of its Restricted Subsidiaries to, create, incur, assume or otherwise cause or suffer to exist or become effective any Lien of any kind (other than Permitted Liens) upon any of their property or
        assets, now owned or hereafter acquired, without effectively providing that the Notes are secured equally and ratably with (or, if the obligation to be secured by the Lien is subordinated in right of payment to the Notes or any Note Guarantee,
        prior to) the obligations so secured for so long as such obligations are so secured.

    (b)          For purposes
        of determining compliance with this Section 4.08, (A) a Lien securing an item of Indebtedness need not be permitted solely by reference to one category of permitted Liens described in clauses (1) through (28) of the definition of “Permitted
          Liens” or pursuant to clause (a) of this Section 4.08 but may be permitted in part under any combination thereof and (B) in the event that a Lien securing an item of Indebtedness, Disqualified Stock or Preferred Stock (or any portion thereof)
        meets the criteria of one or more of the categories of permitted Liens described in clauses (1) through (28) of the definition of “Permitted Liens” or pursuant to Section 4.08(a), the Company shall, in its sole discretion, classify or
        reclassify, or later divide, classify or reclassify, such Lien securing such item of Indebtedness (or any portion thereof) in any manner that complies with this covenant and will only be required to include the amount and type of such Lien or such
        item of Indebtedness secured by such Lien in one of the clauses of the definition of “Permitted Liens” and such Lien securing such item of Indebtedness will be treated as being incurred or existing pursuant to only one of such clauses or
        pursuant to the first paragraph hereof.

    (c)          With respect
        to any Lien securing Indebtedness that was permitted to secure such Indebtedness at the time of the incurrence of such Indebtedness, such Lien shall also be permitted to secure any Increased Amount of such Indebtedness. The “Increased Amount”
        of any Indebtedness shall mean any increase in the amount of such Indebtedness in connection with any accrual of interest, the accretion of accreted value, the amortization of original issue discount, the payment of interest in the form of
        additional Indebtedness with the same terms, the payment of dividends on preferred stock in the form of additional shares of preferred stock of the same class, accretion of original issue discount or liquidation preference and increases in the
        amount of Indebtedness outstanding solely as a result of fluctuations in the exchange rate of currencies or increases in the value of property securing Indebtedness described in subclause (x) of the second paragraph of the definition of “Indebtedness”.

    
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    Section 4.09          Limitation on
          Dividend and other Payment Restrictions Affecting Restricted Subsidiaries.  (a) Except as provided in paragraph (b) of this Section 4.09, the Company will not, and will not permit any of its Restricted Subsidiaries to, directly or indirectly,
        create or permit to exist or become effective any consensual encumbrance or restriction on the ability of any Restricted Subsidiary to:

    (1)          pay dividends or make any other
        distributions on its Capital Stock (or with respect to any other interest or participation in, or measured by, its profits) to the Company or any of its Restricted Subsidiaries or pay any liabilities owed to the Company or any of its Restricted
        Subsidiaries;

    (2)          make loans or advances to the
        Company or any of its Restricted Subsidiaries; or

    (3)          transfer any of its properties
        or assets to the Company or any of its Restricted Subsidiaries.

    (b)          The provisions
        of 4.09(a) do not apply to any encumbrances or restrictions existing under or by reason of or with respect to:

    (1)          the Credit Agreement, Existing
        Indebtedness or any other agreements as in effect on the Issue Date;

    (2)          applicable law, rule, regulation
        or order;

    (3)          any Person or the property or
        assets of a Person acquired by the Company or any of its Restricted Subsidiaries existing at the time of such acquisition and not incurred in connection with or in contemplation of such acquisition, which encumbrance or restriction is not
        applicable to any Person or the properties or assets of any Person, other than the Person, or the property or assets of the Person, so acquired;

    (4)          in the case of clause (a)(3) of
        this Section 4.09:

    (a)          provisions that restrict in a customary manner the
        subletting, assignment or transfer of any property or asset that is a lease, license, conveyance or contract or similar property or asset;

    (b)          restrictions existing by virtue of any transfer of,
        agreement to transfer, option or right with respect to, or Lien on, any property or assets of the Company or any Restricted Subsidiary not otherwise prohibited by this Indenture; or

    (c)          restrictions arising or agreed to in the ordinary
        course of business, not relating to any Indebtedness, and that do not, individually or in the aggregate, detract from the value of property or assets of the Company or any Restricted Subsidiary in any manner material to the Company or any
        Restricted Subsidiary;

    (5)          customary provisions with
        respect to the disposition or distribution of assets or property in joint venture agreements and other agreements;

    
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    (6)          any agreement for the sale or
        other disposition of all or substantially all of the capital stock of, or property and assets of, a Restricted Subsidiary that restricts distributions by that Restricted Subsidiary pending such sale or other disposition;

    (7)          Indebtedness of a Foreign
        Subsidiary permitted to be incurred under this Indenture; provided that (a) such encumbrances or restrictions are ordinary and customary with respect to the type of Indebtedness being incurred and (b) such
        encumbrances or restrictions will not materially (in good faith by the Board of Directors of the Company) impair the Company’s ability to make principal and interest payments on the Notes;

    (8)          this Indenture, the Notes, any
        Additional Notes or the Guarantees;

    (9)          restrictions on cash or other
        deposits or net worth imposed by customers under contracts entered into in the ordinary course of business;

    (10)          other Indebtedness,
        Disqualified Stock or Preferred Stock of Restricted Subsidiaries permitted to be incurred after the Issue Date pursuant to Section 4.06; provided that such restrictions will not materially (in the good faith judgment of the Board of
        Directors of the Company) impair the Company’s ability to make principal and interest payments on the Notes;

    (11)          restrictions or conditions
        contained in any trading, netting, operating, construction, service, supply, purchase or other agreement to which the Company or any of its Restricted Subsidiaries is a party and entered into in the ordinary course of business; provided
        that such agreement prohibits the encumbrance of solely the property or assets of the Company or such Restricted Subsidiary that are the subject of such agreement, the payment rights arising thereunder or the proceeds thereof and does not extend to
        any other asset or property of the Company or such Restricted Subsidiary or the assets or property of any other Restricted Subsidiary;

    (12)          any instrument governing any
        Indebtedness or Capital Stock of a Person that is an Unrestricted Subsidiary as in effect on the date that such Person becomes a Restricted Subsidiary, which encumbrance or restriction is not applicable to any Person, or the properties or assets of
        any Person, other than the Person who became a Restricted Subsidiary, or the property or assets of the Person who became a Restricted Subsidiary and was not entered into in contemplation of the designation of such Subsidiary as a Restricted
        Subsidiary; provided that, in the case of Indebtedness, the incurrence of such Indebtedness as a result of such Person becoming a Restricted Subsidiary was permitted by the terms of this Indenture;

    (13)          purchase money obligations for
        property acquired and Capital Lease Obligations in the ordinary course of business that impose restrictions of the nature discussed in Section 4.09 (a)(3) above, on the property so acquired;

    (14)          any encumbrances or
        restrictions of the type referred to in clauses (1), (2) and (3) of Section 4.09(a) imposed by any amendments, modifications, restatements, renewals, increases, supplements, refundings, replacements or refinancings of the

    
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    contracts, instruments or obligations referred to in clauses (1) through (13) above; provided that such amendments, modifications, restatements,
        renewals, increases, supplements, refundings, replacements or refinancings are, in the good faith judgment of the Company’s Board of Directors, not materially more restrictive with respect to such encumbrance and other restrictions than those prior
        to such amendment, modification, restatement, renewal, increase, supplement, refunding, replacement or refinancing; and

    (15)          any encumbrances or
        restrictions contained in any Permitted Securitization Document with respect to any Special Purpose Securitization Subsidiary that are necessary or advisable to effect a Permitted Securitization Financing (as determined by the Company in good
        faith).

    For purposes of determining compliance with this Section 4.09, (i) the priority of any Preferred Stock in receiving dividends or
      liquidating distributions prior to dividends or liquidating distributions being paid on common stock shall not be deemed a restriction on the ability to make distributions on Capital Stock and (ii) the subordination of loans or advances made to the
      Company or a Restricted Subsidiary of the Company to other Indebtedness incurred by the Company or any such Restricted Subsidiary shall not be deemed a restriction on the ability to make loans or advances.

    Section 4.10          Guarantees.  (a)
        If an existing or newly acquired or created Domestic Subsidiary that is not a Guarantor guarantees Indebtedness under a Credit Facility or any of the Existing Notes on or after the Issue Date, then that newly acquired or created Domestic Subsidiary
        must promptly become a Guarantor and execute a supplemental indenture in the form of Exhibit B and deliver an Opinion of Counsel to the Trustee.

    (b)          A Guarantor
        may not sell or otherwise dispose of all or substantially all of its assets to, or consolidate with or merge with or into (whether or not such Guarantor is the surviving Person), another Person, other than the Company or another Guarantor unless:

    (1)          immediately after giving effect
        to that transaction, no Default or Event of Default exists; and

    (2)          either:

    (a)          the Person acquiring the property in any such sale or
        disposition or the Person formed by or surviving any such consolidation or merger (if other than the Guarantor) is a Person organized or existing under the laws of the United States, any state thereof or the District of Columbia and assumes all the
        obligations of that Guarantor under the Indenture and Note Guarantee pursuant to a supplemental indenture satisfactory to the Trustee; or

    (b)          except in the case of Holdings, such sale or other
        disposition or consolidation or merger complies with Section 4.12.

    Section 4.11          Repurchase of Notes
          Upon a Change of Control.  (a) If a Change of Control occurs, each Holder of Notes shall have the right to require the Company to

    
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    repurchase all or any part (equal to $2,000 or a higher multiple of $1,000) of that Holder’s Notes pursuant to an Offer to Purchase (the “Change

          of Control Offer”). In such Change of Control Offer, the Company will offer a payment (such payment, a “Change of Control Payment”) in cash equal to 101% of the aggregate principal amount of Notes repurchased, plus accrued and unpaid
        interest thereon, if any, to the date of purchase.

    (b)          Within 30 days
        following any Change of Control, the Company will mail, or deliver electronically if held by DTC, a notice to each Holder describing the transaction or transactions that constitute the Change of Control and offering to repurchase Notes on the date
        specified in such notice (the “Change of Control Payment Date”), which date shall be no earlier than 30 days and no later than 60 days from the date such notice is delivered, pursuant to the procedures required by this Indenture and
        described in such notice.

    (c)          On or before
        the Change of Control Payment Date, the Company will, to the extent lawful:

    (1)          accept for payment all Notes or
        portions thereof properly tendered pursuant to the Change of Control Offer;

    (2)          deposit with the Paying Agent an
        amount equal to the Change of Control Payment in respect of all Notes or portions thereof properly tendered; and

    (3)          deliver or cause to be delivered
        to the Trustee the Notes so accepted together with an Officer’s Certificate stating the aggregate principal amount of Notes or portions thereof being purchased by the Company.

    (d)          The Paying
        Agent will promptly mail or wire transfer to each Holder of Notes properly tendered the Change of Control Payment for such Notes, and the Trustee will promptly authenticate and mail (or cause to be transferred by book entry) to each Holder a new
        Note equal in principal amount to any unpurchased portion of the Notes surrendered, if any; provided that such new Note will be in a principal amount of $2,000 or a higher integral multiple of $1,000.

    (e)          This Section

          4.11 shall be applicable regardless of whether any other Sections of this Indenture are applicable.

    (f)          The Company
        will not be required to make a Change of Control Offer upon a Change of Control if (1) a third party makes the Change of Control Offer in the manner, at the times and otherwise in compliance with the requirements set forth in this Indenture
        applicable to a Change of Control Offer made by the Company and purchases all Notes validly tendered and not withdrawn under such Change of Control Offer or (2) notice of redemption has been given pursuant to this Indenture as described under Section

          3.01, unless and until there is a default in payment of the applicable redemption price.

    (g)          A Change of
        Control Offer may be made in advance of a Change of Control, conditional upon such Change of Control or other events, if a definitive agreement is in place for the Change of Control at the time of making of the Change of Control Offer.

    
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    (h)          If holders of
        not less than 90% in aggregate principal amount of the outstanding Notes validly tender and do not withdraw such notes in a Change of Control Offer and the Company, or any third party making a Change of Control Offer in lieu of the Company as
        described under the preceding clause (f), purchases all of the Notes validly tendered and not withdrawn by such holders, the Company or such third party will have the right, upon not less than 30 nor more than 60 days’ prior notice, given not more
        than 30 days following such purchase pursuant to the Change of Control Offer, to redeem all Notes that remain outstanding following such purchase at a price in cash equal to 101% of the principal amount thereof plus accrued and unpaid interest to
        but excluding the date of redemption.

    (i)          Notes
        repurchased by the Company pursuant to a Change of Control Offer will have the status of Notes issued but not outstanding or will be retired and canceled at the option of the Company. Notes purchased by a third party pursuant to the preceding
        clause (f) will have the status of Notes issued and outstanding unless and until they are delivered to the Company for cancellation.

    Section 4.12          Limitation on Asset
          Sales.  (a) The Company will not, and will not permit any of its Restricted Subsidiaries to, consummate an Asset Sale unless:

    (1)          The Company (or the Restricted
        Subsidiary, as the case may be) receives consideration at the time of such Asset Sale at least equal to the fair market value of the assets or Equity Interests issued or sold or otherwise disposed of; and

    (2)          at least 75% of the
        consideration therefore received by the Company or such Restricted Subsidiary is in the form of Cash Equivalents or Replacement Assets. For purposes of this clause, each of the following shall be deemed to be Cash Equivalents:

    (A)          any liabilities (as shown on the
        Company’s or such Restricted Subsidiary’s most recent balance sheet) of the Company or any Restricted Subsidiary (other than contingent liabilities, Indebtedness that is by its terms subordinated to the Notes or any Note Guarantee and liabilities
        to the extent owed to the Company or any Affiliate of the Company) that are assumed by the transferee of any such assets and with respect to which the Company and its Restricted Subsidiaries are unconditionally released from further liability in
        writing or that are otherwise cancelled or terminated in connection with the transaction with such transferee;

    (B)          any securities, notes or other
        obligations or assets received by the Company or any such Restricted Subsidiary from such transferee that are converted by the Company or such Restricted Subsidiary into cash (to the extent of the cash received in that conversion) within 360 days
        of the applicable Asset Sale; and

    (C)          any Designated Non-cash
        Consideration received by the Company or any of its Restricted Subsidiaries in such Asset Sale having an aggregate fair market value, taken together with all other Designated Non-cash Consideration received pursuant to this clause (C) that is at
        that time outstanding, not to exceed the greater of $20.0 million or 2.0% of Consolidated Cash Flow at the time of the receipt of such Designated Non-cash

    
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    Consideration (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).

    If at any time any non-cash consideration received by the Company or any Restricted Subsidiary, as the case may be, in connection with any
      Asset Sale is repaid or converted into or sold or otherwise disposed of for cash (other than interest received with respect to any such non-cash consideration), then the date of such repayment, conversion or disposition shall be deemed to constitute
      the date of an Asset Sale hereunder and the Net Proceeds thereof shall be applied in accordance with this Section 4.12.

    (b)          Within 365
        days after the receipt of any Net Proceeds from an Asset Sale, the Company may apply such Net Proceeds at its option:

    (1)          to repay secured Indebtedness or
        Indebtedness of a non- Guarantor Restricted Subsidiary owed to a Person that is not an Affiliate of the Company and, except in the case of Indebtedness under the Credit Agreement, if the Indebtedness repaid is revolving credit Indebtedness, to
        correspondingly reduce commitments with respect thereto;

    (2)          to prepay, repay or repurchase
        any Indebtedness of the Company or any of its Restricted Subsidiaries which is not expressly subordinated to the prior payment in full in cash of all Obligations with respect to the Notes, in the case of the Company, or the Note Guarantee, in the
        case of a Guarantor; or

    (3)          to purchase Replacement Assets
        or make a capital expenditure in or that is used or useful in a Permitted Business; provided that, if during the 365 day period following the consummation of an Asset Sale, the Company or a Restricted Subsidiary enters into a definitive
        binding agreement committing it to apply the Net Proceeds in accordance with the requirements of this clause (3) after such 365 day period, such 365 day period will be extended with respect to the amount of Net Proceeds so committed until such Net
        Proceeds are required to be applied in accordance with such agreement (but such extension will in no event be for a period longer than 180 days) or, if earlier, the date of termination of such agreement; provided, further, that in
        the event such binding commitment is later canceled or terminated for any reason before such Net Proceeds are so applied, then such Net Proceeds shall constitute Excess Proceeds unless the Company or such Restricted Subsidiary enters into another
        binding commitment (a “Second Commitment”) within six months of such cancellation or termination of the prior binding commitment; provided, further, that the Company or such Restricted Subsidiary may only enter into a Second Commitment under
        the foregoing provision one time with respect to each Asset Sale and to the extent such Second Commitment is later cancelled or terminated for any reason before such Net Proceeds are applied or are not applied within 180 days of such Second
        Commitment, then such Net Proceeds shall constitute Excess Proceeds.

    Following the entering into of a binding agreement with respect to an Asset Sale and prior to the consummation thereof, Cash Equivalents (whether or not actual
      Net Proceeds of such Asset Sale) used for the purposes described in clause (3) that are designated as used in accordance with clause (3), and not previously or subsequently so designated in respect of any other Asset Sale, shall be deemed to be Net
      Proceeds applied in accordance with clause (3).

    
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    (c)          Pending the
        final application of any such Net Proceeds, the Company may temporarily reduce revolving credit borrowings or otherwise invest such Net Proceeds in any manner that is not prohibited by this Indenture.

    (d)          Any Net
        Proceeds from Asset Sales that are not applied or invested as provided in clause (1), (2) or (3) of Section 4.12(b) will constitute “Excess Proceeds.” Within 30 days after the aggregate amount of Excess Proceeds exceeds $50.0
        million, the Company will make an Asset Sale Offer (using the procedures set forth in Section 3.04) to all Noteholders and all holders of other Indebtedness that is pari passu with the Notes or any Note Guarantee containing
        provisions similar to those set forth in this Indenture with respect to offers to purchase with the proceeds of sales of assets, to purchase the maximum principal amount of the Notes and such other pari passu Indebtedness that may be
        purchased out of the Excess Proceeds. The Company and its Restricted Subsidiaries may make an Asset Sale Offer under this section using Net Proceeds prior to the time any such Net Proceeds become Excess Proceeds, in which case such Net Proceeds
        shall be deemed to have been applied within the time frame required by this Section 4.12. The offer price in any Asset Sale Offer will be equal to 100% of the principal amount of the Notes and such other pari passu Indebtedness plus accrued
        and unpaid interest to the date of purchase, and will be payable in cash. If any Excess Proceeds remain after consummation of an Asset Sale Offer, the Company may use such Excess Proceeds for any purpose not otherwise prohibited by this Indenture.
        If the aggregate principal amount of the Notes and such other pari passu Indebtedness tendered into such Asset Sale Offer exceeds the amount of Excess Proceeds, the Notes and such other pari passu Indebtedness shall be
        purchased on a pro rata basis based on the principal amount of the Notes and such other pari passu Indebtedness tendered. Upon completion of each Asset Sale Offer, the amount of Excess Proceeds shall be reset at zero.

    Section 4.13          Limitation on
          Transactions with Affiliates.  (a) The Company will not, and will not permit any of its Restricted Subsidiaries to, make any payment to, or sell, lease, transfer or otherwise dispose of any of its properties or assets to, or purchase any
        property or assets from, or enter into, make, amend, renew or extend any transaction, contract, agreement, understanding, loan, advance or Guarantee with, or for the benefit of, any Affiliate (each, an “Affiliate Transaction”) involving
        payments of consideration in excess of $5.0 million, unless:

    (1)          such Affiliate Transaction is on
        terms that are no less favorable to the Company or the relevant Restricted Subsidiary than those that would have been obtained in a comparable arm’s-length transaction by the Company or such Restricted Subsidiary with a Person that is not an
        Affiliate of the Company as determined in good faith by a majority of the disinterested members of the Board of Directors; and

    (2)          the Company delivers to the
        Trustee with respect to any Affiliate Transaction or series of related Affiliate Transactions involving aggregate consideration in excess of $50.0 million, a resolution of the Board of Directors set forth in an Officer’s Certificate certifying that
        such Affiliate Transaction or series of related Affiliate Transactions complies with clause (1) of this Section 4.13(a) and that such Affiliate Transaction or series of related Affiliate Transactions has been approved by a majority of the
        disinterested members of the Board of Directors.

    
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    (b)          The following
        items shall not be deemed to be Affiliate Transactions and, therefore, will not be subject to Section 4.13(a):

    (1)          transactions between or among
        the Company and/or its Restricted Subsidiaries;

    (2)          payment of reasonable and
        customary fees and compensation to, and reasonable and customary indemnification arrangements and similar payments on behalf of, directors of the Company;

    (3)          Restricted Payments that are
        permitted by Section 4.07 or any Permitted Investments;

    (4)          any sale of Capital Stock (other
        than Disqualified Stock) of the Company;

    (5)          loans and advances to officers
        and employees of the Company or any of its Restricted Subsidiaries or Holdings (or any direct or indirect parent of Holdings) for bona fide business purposes in the ordinary course of business consistent with past practice;

    (6)          any employment, consulting,
        service or termination agreement, or reasonable and customary indemnification arrangements, entered into by the Company or any of its Restricted Subsidiaries with officers and employees of the Company or any of its Restricted Subsidiaries or
        Holdings (or any direct or indirect parent of Holdings) and the payment of compensation to officers and employees of the Company or any of its Restricted Subsidiaries (including amounts paid pursuant to employee benefit plans, employee stock option
        or similar plans), in each case in the ordinary course of business;

    (7)          any agreements or arrangements
        in effect on the Issue Date, or any amendment, modification, or supplement thereto or any replacement thereof, as long as such agreement or arrangement, as so amended, modified, supplemented or replaced, taken as a whole, is not more
        disadvantageous to the Company and its Restricted Subsidiaries than the original agreement as in effect on the Issue Date, as determined in good faith by the Company’s Board of Directors, and any transactions contemplated by any of the foregoing
        agreements or arrangements;

    (8)          transactions with customers,
        clients, suppliers, joint ventures, joint venture partners, Unrestricted Subsidiaries or purchasers or sellers of goods and services, in each case in the ordinary course of business and on terms no less favorable than that available from
        non-affiliates (as determined by the Company) and otherwise not prohibited by this Indenture;

    (9)          any transaction with an
        Affiliate (i) where the only consideration paid by the Company or any Restricted Subsidiary is Qualified Equity Interests or (ii) consisting of the provision of customary registration rights;

    
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    (10)          (a) the payment of all
        Transaction Expenses by the Company and its Restricted Subsidiaries and (b) the payment of all Prior Transaction Expenses by the Company and its Restricted Subsidiaries;

    (11)          any merger, consolidation or
        reorganization of the Company (otherwise permitted by this Indenture) with an Affiliate of the Company solely for the purpose of (a) reorganizing to facilitate an initial public offering of securities of the Company or a direct or indirect parent
        of the Company, (b) forming or collapsing a holding company structure or (c) reincorporating the Company in a new jurisdiction;

    (12)          transactions between the
        Company or any of its Restricted Subsidiaries and any Person that is an Affiliate solely because one or more of its directors is also a director of the Company or any direct or indirect parent of the Company; provided that such director
        abstains from voting as a director of the Company or such direct or indirect parent, as the case may be, on any matter involving such other Person;

    (13)          the entering into of any tax
        sharing agreement or arrangement or any other transactions undertaken in good faith that is consistent with paragraph (b)(9)(iv) of Section 4.07;

    (14)          any transaction by the Company
        or any Restricted Subsidiary with any Affiliate for any financial advisory, financing (including the extension of credit or making of loans by any Affiliate), underwriting or placement services or in respect of other investment banking activities,
        including in connection with acquisitions or divestitures, which payments are approved by a majority of the members of the Board of Directors of the Company in good faith;

    (15)          transactions in which the
        Company or any Restricted Subsidiary, as the case may be, delivers to the Trustee a letter from an independent accounting, appraisal or investment banking firm of national standing stating that such transaction is fair to the Company or such
        Restricted Subsidiary from a financial point of view or meets the requirements of Section 4.13(a)(1); and

    (16)          any customary transaction (as
        determined by the Company in good faith) with a Special Purpose Securitization Subsidiary pursuant to any Permitted Securitization Financing.

    Section 4.14          Designation of
          Restricted and Unrestricted Subsidiaries.  (a) The Board of Directors of the Company may designate any Restricted Subsidiary to be an Unrestricted Subsidiary; provided that:

    (1)          any Guarantee by the Company or
        any Restricted Subsidiary of any Indebtedness of the Subsidiary being so designated will be deemed to be an incurrence of Indebtedness by the Company or such Restricted Subsidiary (or both, if applicable) at the time of such designation, and such
        incurrence of Indebtedness would be permitted under Section 4.06;

    
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    (2)          the aggregate fair market value
        of all outstanding Investments owned by the Company and its Restricted Subsidiaries in the Subsidiary being so designated (including any Guarantee by the Company or any Restricted Subsidiary of any Indebtedness of such Subsidiary) will be deemed to
        be a Restricted Investment made as of the time of such designation and that such Investment would be permitted under Section 4.07;

    (3)          such Subsidiary does not own any
        Equity Interests of, or hold any Liens on any Property of, the Company or any Restricted Subsidiary;

    (4)          the Subsidiary being so
        designated:

    (a)          is not party to any agreement, contract, arrangement
        or understanding with the Company or any Restricted Subsidiary of the Company that would not be permitted under Section 4.13 and;

    (b)          except as permitted under clauses (1) and (2) above,
        is a Person with respect to which neither the Company nor any of its Restricted Subsidiaries has any direct or indirect obligation (a) to subscribe for additional Equity Interests or (b) to maintain or preserve such Person’s financial condition or
        to cause such Person to achieve any specified levels of operating results.

    (5)          no Default or Event of Default
        would be in existence following such designation.

    (b)       (1) If, at any
        time, any Unrestricted Subsidiary would fail to meet any of the preceding requirements described in clause (4) above, it shall thereafter cease to be an Unrestricted Subsidiary for purposes of this Indenture and any Indebtedness, Investments, or
        Liens on the property, of such Subsidiary shall be deemed to be incurred by a Restricted Subsidiary of the Company as of such date and, if such Indebtedness, Investments or Liens are not permitted to be incurred as of such date under this
        Indenture, the Company shall be in default under this Indenture.

    (2)          The Board of Directors of the
        Company may at any time designate any Unrestricted Subsidiary to be a Restricted Subsidiary; provided that:

    (A)          such designation shall be deemed
        to be an incurrence of Indebtedness by a Restricted Subsidiary of the Company of any outstanding Indebtedness of such Unrestricted Subsidiary and such designation shall only be permitted if such Indebtedness is permitted under Section 4.06,
        calculated on a pro forma basis as if such designation had occurred at the beginning of the four-quarter reference period;

    (B)          all outstanding Investments
        owned by such Unrestricted Subsidiary will be deemed to be made as of the time of such designation and such Investments shall only be permitted if such Investments would be permitted under Section 4.07;

    (C)          all Liens upon property or
        assets of such Unrestricted Subsidiary existing at the time of such designation would be permitted under Section 4.08; and

    
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    (D)          no Default or Event of Default
        would be in existence following such designation.

    Section 4.15          Anti-Layering. 
        The Company shall not incur any Indebtedness that is subordinated or junior in right of payment to any Indebtedness of the Company unless it is subordinated in right of payment to the Notes at least to the same extent. No Guarantor shall incur any
        Indebtedness that is subordinated or junior in right of payment to the Indebtedness of such Guarantor unless it is subordinated in right of payment to such Guarantor’s Note Guarantee at least to the same extent. For purposes of the foregoing, no
        Indebtedness will be deemed to be subordinated or junior in right of payment to any other Indebtedness of the Company or any Guarantor, as applicable, solely by reason of any Liens or Guarantees arising or created in respect thereof or by virtue of
        the fact that the holders of any secured Indebtedness have entered into intercreditor agreements giving one or more of such holders priority over the other holders in the collateral held by them.

    Section 4.16          Reports.  (a) So
        long as any Notes are outstanding, the Company will file with the Commission and furnish to the Trustee and, upon request, to the Holders:

    (1)          within 90 days after the end of
        each fiscal year, an annual report on Form 10-K;

    (2)          within 45 days after the end of
        each of the first three fiscal quarters of each fiscal year, a quarterly report on Form 10-Q; and

    (3)          promptly from time to time after
        the occurrence of an event required to be therein reported pursuant to Form 8-K, a current report on Form 8-K.

    If the Company is no longer subject to the periodic reporting requirements of the Exchange Act for any reason, the Company will nevertheless
      continue filing the reports specified in the preceding paragraphs of this Section 4.16 with the Commission within the time periods specified above unless the Commission will not accept such a filing. If the Commission will not accept the
      Company’s filings for any reason, the Company will furnish the reports referred to in the preceding paragraphs to the Trustee within the time periods that would apply if the Company were required to file those reports with the Commission. The Company
      will not take any action for the purpose of causing the Commission not to accept any such filings. Any information filed with, or furnished to, the Commission via EDGAR shall be deemed to have been made available to the Trustee and the registered
      Holders of the Notes.

    (b)          Notwithstanding

        the foregoing, (A) if Holdings or any other direct or indirect parent of the Company fully and unconditionally guarantees the Notes, the filing of such reports by such parent within the time periods specified above will satisfy such obligations of
        the Company; provided that such reports shall include the information required by Rule 3-10 of Regulation S-X with respect to the Company and the Guarantors and (B) if neither the Company nor Holdings is subject to Section 13 or 15(d) of the
        Exchange Act, the financial statements, information and other documents required to be provided as described above, may be those of (i) the Company or (ii) any direct or indirect parent of the Company, so long as in the case of (ii) such direct or
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    transact or otherwise engage, or commit to conduct, transact or otherwise engage, in any business or operations other than its
        direct or indirect ownership of all of the Equity Interests in, and its management of, the Company; provided that, if the financial information so furnished relates to such direct or indirect parent of the Company, the same is accompanied by a
        reasonably detailed description of the quantitative differences between the information relating to such parent, on the one hand, and the information relating to the Company and its Restricted Subsidiaries on a standalone basis, on the other hand.

    (c)          The Company
        shall distribute such information and such reports to the Trustee, and make them available, upon request, to any Holder and to any such prospective investor or securities analyst. To the extent not satisfied by the foregoing, the Company shall also
        make publicly available the information required to be available pursuant to Rule 144A(d)(4) under the Securities Act.

    Section 4.17          Reports to Trustee. 

        (a) The Company will deliver to the Trustee within 120 days after the end of each fiscal year, commencing with the fiscal year ending September 30, 2020, an Officer’s Certificate stating that the Company has fulfilled its obligations hereunder or,
        if there has been a Default or an Event of Default, specifying the Default or Event of Default and its nature and status.

    (b)          The Company
        will deliver to the Trustee, as soon as possible and in any event within 30 days after the Company becomes aware or should reasonably become aware of the occurrence of any Default or an Event of Default, an Officer’s Certificate setting forth the
        details of the Default or Event of Default, and the action which the Company proposes to take with respect thereto.

    (c)          The Company
        will notify the Trustee when any Notes are listed on any national securities exchange and of any delisting.

    Section 4.18          Limitation on
          Activities of Holdings.  Holdings shall not engage in any material activities or hold any material assets other than holding the Capital Stock of the Company and those activities incidental thereto and will not incur any material liabilities
        other than liabilities relating to its Guarantee of the Notes, its Guarantee of any other Indebtedness of the Company or any of its Subsidiaries and any other obligations or liabilities incidental to its activities as a holding company.

    Section 4.19          Suspension of Certain
          Covenants.  If at any time after the Issue Date (i) the Notes are rated Investment Grade by each of S&P and Moody’s (or, if either (or both) of S&P and Moody’s have been substituted in accordance with the definition of “Rating
          Agencies,” by each of the then applicable Rating Agencies) and (ii) no Default has occurred and is continuing under this Indenture (the occurrence of the events described in the foregoing clauses (i) and (ii) being collectively referred to as
        a “Covenant Suspension Event”), the Company and its Restricted Subsidiaries will not be subject to the covenants in Section 4.06, Section 4.07, Section 4.09, Section 4.12, Section 4.13 and Section
          5.01(a)(2)(C) (the foregoing, the “Suspended Covenants”).

    
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    Additionally, during such time as the above referenced covenants are suspended (a “Suspension Period”), the Company will not be
      permitted to designate any Restricted Subsidiary as an Unrestricted Subsidiary.

    The Company shall promptly upon its occurrence deliver to the Trustee an Officer’s Certificate setting forth the occurrence of any Covenant
      Suspension Event or Reversion Date, and the dates thereof. The Trustee shall not have any obligation to monitor the occurrence and dates of a Covenant Suspension Event or Reversion Date and may rely conclusively on such Officer’s Certificate. The
      Trustee shall not have any duty to notify the Holders of any such events or dates.

    In the event that the Company and its Restricted Subsidiaries are not subject to the Suspended Covenants for any period of time as a result
      of the foregoing, and on any subsequent date (the “Reversion Date”) the condition set forth in clause (i) of the first paragraph of this section is no longer satisfied, then the Company and its Restricted Subsidiaries will thereafter again be
      subject to the Suspended Covenants with respect to future events.

    On each Reversion Date, all Indebtedness incurred during the Suspension Period prior to such Reversion Date will be deemed to be
      Indebtedness incurred pursuant to Section 4.06(b)(2). For purposes of calculating the amount available to be made as Restricted Payments under Section 4.07(a)(iii), calculations under such covenant shall be made as though such
      covenant had been in effect since the Issue Date and prior, but not during, the Suspension Period. Restricted Payments made during the Suspension Period will not reduce the amount available to be made as Restricted Payments under Section 4.07(a).
      For purposes of Section 4.12, on the Reversion Date, the amount of unutilized Excess Proceeds will be reset to zero. Notwithstanding that the Suspended Covenants may be reinstated, no Default or Event of Default shall be deemed to have
      occurred as a result of a failure to comply with the Suspended Covenants during a Suspension Period (or on the Reversion Date after a Suspension Period based solely on events that occurred during the Suspension Period).

    ARTICLE 5

      

        Consolidation, Merger or Sale of Assets

    Section 5.01          Consolidation, Merger
          or Sale of Assets.  (a) The Company will not, directly or indirectly:

    (1)          consolidate or merge with or
        into another Person (whether or not the Company is the surviving corporation) or

    (2)          sell, assign, transfer, convey
        or otherwise dispose of all or substantially all of the properties and assets of the Company and its Restricted Subsidiaries taken as a whole, in one or more related transactions, to another Person or Persons, unless:

    (A)          either: (x) the Company is the
        surviving corporation; or (y) the Person formed by or surviving any such consolidation or merger (if other than the Company) or to which such sale, assignment, transfer, conveyance or other disposition shall have been made (i) is a corporation or
        limited liability company organized or existing under

    
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    the laws of the United States, any state thereof or the District of Columbia and (ii) assumes all the obligations of the Company under the Notes
        and this Indenture pursuant to agreements reasonably satisfactory to the Trustee;

    (B)          immediately after giving effect
        to such transaction no Default or Event of Default exists; and

    (C)          immediately after giving effect
        to such transaction on a pro forma basis, the Company or the Person formed by or surviving any such consolidation or merger (if other than the Company), or to which such sale, assignment, transfer, conveyance or other disposition
        shall have been made, will, on the date of such transaction after giving pro forma effect thereto and any related financing transactions as if the same had occurred at the beginning of the applicable four-quarter period, be (i)
        permitted to incur at least $1.00 of additional Indebtedness pursuant to the Fixed Charge Coverage Ratio test set forth in Section 4.06(a) or (ii) have had a Fixed Charge Coverage Ratio equal to or greater than the actual Fixed Charge
        Coverage Ratio of the Company for the four-quarter period immediately prior to such transaction.

    In addition, neither the Company nor any Restricted Subsidiary may, directly or indirectly, lease all or substantially all of its properties
      or assets, in one or more related transactions, to any other Person. Clauses (B) and (C) of Section 5.01(a)(2) will not apply to any merger, consolidation or sale, assignment, transfer, lease, conveyance or other disposition of assets between
      or among the Company and any of its Restricted Subsidiaries.

    (b)          Upon the
        consummation of any transaction effected in accordance with these provisions, if the Company is not the continuing Person, the resulting, surviving or transferee Person will succeed to, and be substituted for, and may exercise every right and power
        of, the Company under this Indenture and the Notes with the same effect as if such successor Person had been named as the Company in this Indenture. Upon such substitution, except in the case of a sale, conveyance, transfer or disposition of less
        than all its assets the Company will be released from its obligations under this Indenture and the Notes.

    ARTICLE 6

        

        Default and Remedies

    Section 6.01          Events of Default. 

        Each of the following is an “Event of Default”:

    (1)          default for 30 days in the
        payment when due of interest on Notes;

    (2)          default in payment when due
        (whether at maturity, upon acceleration, redemption or otherwise) of the principal of, or premium, if any, on Notes;

    (3)          failure by the Company or any of
        its Restricted Subsidiaries to comply with Sections 4.10(b), 4.11, 4.12 or Article 5;

    
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    (4)          failure by the Company or any of
        its Restricted Subsidiaries for 60 days after written notice by the Trustee or Holders representing 25% or more of the aggregate principal amount of outstanding Notes to comply with any of the other agreements in this Indenture;

    (5)          default under any mortgage,
        indenture or instrument under which there may be issued or by which there may be secured or evidenced any Indebtedness for money borrowed by the Company or any of its Restricted Subsidiaries (or the payment of which is Guaranteed by the Company or
        any of its Restricted Subsidiaries) whether such Indebtedness or Guarantee now exists, or is created after the Issue Date (other than Indebtedness owing to the Company or a Restricted Subsidiary or any Permitted Securitization Financing), if that
        default:

    (a)          is caused by a failure to make any payment of
        principal at the final maturity of such Indebtedness (a “Payment Default”); or

    (b)          results in the acceleration of such Indebtedness
        prior to its express maturity, and, in each case, the principal amount of any such Indebtedness, together with the principal amount of any other such Indebtedness under which there has been a Payment Default or the maturity of which has been so
        accelerated, aggregates $75.0 million or more;

    (6)          failure by the Company or any of
        its Restricted Subsidiaries to pay final judgments (to the extent such judgments are not paid or covered by insurance provided by a carrier that has acknowledged coverage in writing and has the ability to perform) aggregating in excess of $75.0
        million, which judgments are not paid, discharged or stayed for a period of 60 days;

    (7)          except as permitted by this
        Indenture, any Note Guarantee shall be held in any judicial proceeding to be unenforceable or invalid or shall cease for any reason to be in full force and effect or any Guarantor, or any authorized Person acting on behalf of any Guarantor, shall
        deny or disaffirm its obligations under its Note Guarantee;

    (8)          an involuntary case or other
        proceeding is commenced against the Company or any Significant Subsidiary with respect to it or its debts under any bankruptcy, insolvency or other similar law now or hereafter in effect seeking the appointment of a trustee, receiver, liquidator,
        custodian or other similar official of it or any substantial part of its property, and such involuntary case or other proceeding remains undismissed and unstayed for a period of 60 days; or an order for relief is entered against the Company or any
        Significant Subsidiary under the federal bankruptcy laws as now or hereafter in effect; and

    (9)          the Company or any of its
        Significant Subsidiaries (i) commences a voluntary case under any applicable bankruptcy, insolvency or other similar law now or hereafter in effect, or consents to the entry of an order for relief in an involuntary case under any such law, (ii)
        consents to the appointment of or taking possession by a receiver, liquidator, assignee, custodian, trustee, sequestrator or similar official of the Company or any of its Significant Subsidiaries or for all or substantially all of the property and
        assets of the Company or any of its Significant Subsidiaries or (iii) effects any general assignment for the benefit of creditors (an event of default specified in clause (8) or (9) a “bankruptcy default”).

    
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    Section 6.02          Acceleration. 
        (a) In the case of an Event of Default arising from a bankruptcy default, with respect to the Company, all outstanding Notes will become due and payable immediately without further action or notice. If any other Event of Default occurs and is
        continuing, the Trustee or the Holders of at least 25% in principal amount of the then outstanding Notes may declare all the Notes to be due and payable immediately by notice in writing to the Company specifying the Event of Default. Upon a
        declaration of acceleration, such principal and interest will become immediately due and payable.

    (b)          The Holders of
        a majority in principal amount of the outstanding Notes by written notice to the Company and to the Trustee may waive all past defaults and rescind and annul a declaration of acceleration and its consequences if

    (1)          all existing Events of Default,
        other than the nonpayment of the principal of, premium, if any, and interest on the Notes that have become due solely by the declaration of acceleration, have been cured or waived, and

    (2)          the rescission would not
        conflict with any judgment or decree of a court of competent jurisdiction.

    Section 6.03          Other Remedies. 
        If an Event of Default occurs and is continuing, the Trustee may pursue, in its own name or as trustee of an express trust, any available remedy by proceeding at law or in equity to collect the payment of principal of and interest on the Notes or
        to enforce the performance of any provision of the Notes or this Indenture. The Trustee may maintain a proceeding even if it does not possess any of the Notes or does not produce any of them in the proceeding.

    Section 6.04          Waiver of Past
          Defaults.  Except as otherwise provided in Sections 6.02, 6.07 and 9.02, the Holders of a majority in principal amount of the outstanding Notes may, by notice to the Trustee on behalf of the Holders of all of the
        Notes, waive an existing Default and its consequences. Upon such waiver, the Default will cease to exist, and any Event of Default arising therefrom will be deemed to have been cured, but no such waiver will extend to any subsequent or other
        Default or impair any right consequent thereon.

    Section 6.05          Control by Majority. 

        The Holders of a majority in principal amount of the then outstanding Notes will have the right to direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power
        conferred on the Trustee with respect to the Notes. However, the Trustee may refuse to follow any direction that conflicts with law or this Indenture, that may involve the Trustee in personal liability, or that the Trustee determines in good faith
        may be unduly prejudicial to the rights of Holders not joining in the giving of such direction and may take any other action it deems proper that is not inconsistent with any such direction received from Holders.

    Section 6.06          Limitation on Suits. 

        A Holder may not institute any proceeding, judicial or otherwise, with respect to this Indenture or the Notes, or form the appointment of a recipient or a trustee, or pursue any remedy with respect to this Indenture or the Notes unless:

    
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    (1)          the Holder gives the Trustee
        written notice of a continuing Event of Default;

    (2)          the Holders of at least 25% in
        aggregate principal amount of outstanding Notes make a written request to the Trustee to institute a proceeding or pursue the remedy;

    (3)          such Holder or Holders offer the
        Trustee indemnity satisfactory to the Trustee against any costs, liability or expense;

    (4)          the Trustee does not comply with
        the request within 60 days after receipt of the request and the offer of indemnity; and

    (5)          during such 60-day period, the
        Holders of a majority in aggregate principal amount of the outstanding Notes do not give the Trustee a direction that is inconsistent with the request.

    Section 6.07          Rights of Holders to
          Receive Payment.  Notwithstanding anything to the contrary, the right of any Holder of a Note to receive payment of the principal of, premium, if any, or interest on its Note on or after the Stated Maturities thereof, or to bring suit for the
        enforcement of any such payment, on or after the due date expressed in the Notes, shall not be impaired or affected without the consent of the Holder.

    Section 6.08          Collection Suit by
          Trustee.  If an Event of Default in payment of principal or interest specified in clause (1) or (2) of Section 6.01 occurs and is continuing, the Trustee may recover judgment in its own name and as trustee of an express trust for the
        whole amount of principal and accrued interest remaining unpaid, together with interest on overdue principal and, to the extent lawful, overdue installments of interest, in each case at the rate specified in the Notes, and such further amount as is
        sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel and any other amounts due the Trustee hereunder.

    Section 6.09          Trustee May File
          Proofs of Claim.  The Trustee may file proofs of claim and other papers or documents as may be necessary or advisable in order to have the claims of the Trustee (including any claim for the compensation, expenses, disbursements and advances
        of the Trustee, its agents and counsel, and any other amounts due the Trustee hereunder) and the Holders of Notes allowed in any judicial proceedings relating to the Company or any Guarantor or their respective creditors or property, and is
        entitled and empowered to collect, receive and distribute any money, securities or other property payable or deliverable upon conversion or exchange of the Notes or upon any such claims. Any custodian, receiver, assignee, trustee, liquidator,
        sequestrator or other similar official in any such judicial proceeding is hereby authorized by each Holder to make such payments to the Trustee and, if the Trustee consents to the making of such payments directly to the Holders, to pay to the
        Trustee any amount due to it for the reasonable compensation, expenses, disbursements and advances of the Trustee, its agent and counsel, and any other amounts due the Trustee hereunder. Nothing in this Indenture will be deemed to empower the
        Trustee to authorize or consent to, or accept or adopt on behalf of any Holder, any plan of reorganization, arrangement, adjustment or composition

    
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    affecting the Notes or the rights of any Holder, or to authorize the Trustee to vote in respect of the claim of any Holder in any such
        proceeding.

    Section 6.10          Priorities.  If
        the Trustee collects any money pursuant to this Article, it shall pay out the money in the following order:

    First:
        to the Trustee for all amounts due hereunder;

    Second:
        to Holders for amounts then due and unpaid for principal of and interest on the Notes, ratably, without preference or priority of any kind, according to the amounts due and payable on the Notes for principal and interest; and

    Third:
        to the Company or as a court of competent jurisdiction may direct.

    The Trustee, upon written notice to the Company, may fix a record date and payment date for any payment to Holders pursuant to this Section.

    Section 6.11          Restoration of Rights
          and Remedies.  If the Trustee or any Holder has instituted a proceeding to enforce any right or remedy under this Indenture and the proceeding has been discontinued or abandoned for any reason, or has been determined adversely to the Trustee
        or to the Holder, then, subject to any determination in the proceeding, the Company, any Guarantors, the Trustee and the Holders will be restored severally and respectively to their former positions hereunder and thereafter all rights and remedies
        of the Company, any Guarantors, the Trustee and the Holders will continue as though no such proceeding had been instituted.

    Section 6.12          Undertaking for Costs. 

        In any suit for the enforcement of any right or remedy under this Indenture or in any suit against the Trustee for any action taken or omitted by it as Trustee, a court may require any party litigant in such suit (other than the Trustee) to file an
        undertaking to pay the costs of the suit, and the court may assess reasonable costs, including reasonable attorneys’ fees, against any party litigant (other than the Trustee) in the suit having due regard to the merits and good faith of the claims
        or defenses made by the party litigant. This Section does not apply to a suit by a Holder to enforce payment of principal of or interest on any Note on the respective due dates, or a suit by Holders of more than 10% in principal amount of the
        outstanding Notes.

    Section 6.13          Rights and Remedies
          Cumulative.  No right or remedy conferred or reserved to the Trustee or to the Holders under this Indenture is intended to be exclusive of any other right or remedy, and all such rights and remedies are, to the extent permitted by law,
        cumulative and in addition to every other right and remedy hereunder or now or hereafter existing at law or in equity or otherwise. The assertion or exercise of any right or remedy hereunder, or otherwise, will not prevent the concurrent assertion
        or exercise of any other right or remedy.

    Section 6.14          Delay or Omission Not
          Waiver.  No delay or omission of the Trustee or of any Holder to exercise any right or remedy accruing upon any Event of Default will impair any such right or remedy or constitute a waiver of any such Event of Default or an acquiescence
        therein. Every right and remedy given by this Article or by law to the Trustee or to

    
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    the Holders may be exercised from time to time, and as often as may be deemed expedient, by the Trustee or by the Holders, as the case may be.

    Section 6.15          Waiver of Stay,
          Extension or Usury Laws.  The Company and each Guarantor covenants, to the extent that it may lawfully do so, that it will not at any time insist upon, or plead, or in any manner whatsoever claim or take the benefit or advantage of, any stay
        or extension law or any usury law or other law that would prohibit or forgive the Company or the Guarantor from paying all or any portion of the principal of, or interest on the Notes as contemplated herein, wherever enacted, now or at any time
        hereafter in force, or that may affect the covenants or the performance of the Indenture. The Company and each Guarantor hereby expressly waives, to the extent that it may lawfully do so, all benefit or advantage of any such law and covenants that
        it will not hinder, delay or impede the execution of any power herein granted to the Trustee, but will suffer and permit the execution of every such power as though no such law had been enacted.

    ARTICLE 7

        

        The Trustee

    Section 7.01          General.  (a) The
        duties and responsibilities of the Trustee are as provided by the provisions of the Trust Indenture Act made applicable to this Indenture and as set forth herein. Whether or not expressly so provided, every provision of this Indenture relating to
        the conduct or affecting the liability of or affording protection to the Trustee is subject to this Article.

    (b)          Except during
        the continuance of an Event of Default, the Trustee need perform only those duties that are specifically set forth in this Indenture and no others, and no implied covenants or obligations will be read into this Indenture against the Trustee. In
        case an Event of Default has occurred and is continuing, and is actually known to the Trustee, the Trustee shall exercise those rights and powers vested in it by this Indenture, and use the same degree of care and skill in their exercise, as a
        prudent person would exercise or use under the circumstances in the conduct of such person’s own affairs.

    (c)          No provision
        of this Indenture shall be construed to relieve the Trustee from liability for its own negligent action, its own negligent failure to act or its own bad faith or willful misconduct.

    Section 7.02          Certain Rights of
          Trustee. Subject to Trust Indenture Act Sections 315(a) through (d):

    (1)          In the absence of bad faith on
        its part, the Trustee may rely, and will be protected in acting or refraining from acting, upon any resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note, other evidence
        of indebtedness or other paper or document believed by it to be genuine and to have been signed or presented by the proper Person. The Trustee need not investigate any fact or matter stated in the document, but, in the case of any document which is
        specifically required to be furnished to the Trustee pursuant to any provision hereof, the Trustee shall examine the

    
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    document to determine whether it conforms to the requirements of this Indenture (but need not confirm or investigate the accuracy of mathematical
        calculations or other facts stated therein). The Trustee, in its discretion, may make further inquiry or investigation into such facts or matters as it sees fit.

    (2)          Before the Trustee acts or
        refrains from acting, it may require an Officer’s Certificate or an Opinion of Counsel conforming to Section 11.05 and the Trustee will not be liable for any action it takes or omits to take in good faith in reliance on the certificate or
        opinion.

    (3)          The Trustee may act through its
        attorneys and agents and will not be responsible for the misconduct or negligence of any agent (other than an agent who is an employee of the Trustee) appointed with due care.

    (4)          The Trustee will be under no
        obligation to exercise any of the rights or powers vested in it by this Indenture at the request or direction of any of the Holders, unless such Holders have offered to the Trustee reasonable security or indemnity satisfactory to the Trustee
        against the costs, expenses and liabilities that might be incurred by it in compliance with such request or direction.

    (5)          The Trustee will not be liable
        for any action it takes or omits to take in good faith that it believes to be authorized or within its rights or powers or for any action it takes or omits to take in accordance with the direction of the Holders in accordance with Section 6.05
        relating to the time, method and place of conducting any proceeding for any remedy available to the Trustee, or exercising any trust or power conferred upon the Trustee, under this Indenture.

    (6)          The Trustee may consult with
        counsel, and the written advice of such counsel or any Opinion of Counsel will be full and complete authorization and protection in respect of any action taken, suffered or omitted by it hereunder in good faith and in reliance thereon.

    (7)          No provision of this Indenture
        will require the Trustee to expend or risk its own funds or otherwise incur any financial liability in the performance of its duties hereunder, or in the exercise of its rights or powers, unless it receives indemnity satisfactory to it against any
        loss, liability or expense.

    Section 7.03          Individual Rights of
          Trustee.  The Trustee, in its individual or any other capacity, may become the owner or pledgee of Notes and may otherwise deal with the Company or its Affiliates with the same rights it would have if it were not the Trustee. Any Agent may do
        the same with like rights. However, the Trustee is subject to Trust Indenture Act Sections 310(b) and 311. For purposes of Trust Indenture Act Section 311(b)(4) and (6):

    (a)          “cash
          transaction” means any transaction in which full payment for goods or securities sold is made within seven days after delivery of the goods or securities in currency or in checks or other orders drawn upon banks or bankers and payable upon
        demand; and

    
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    (b)          “self-liquidating

          paper” means any draft, bill of exchange, acceptance or obligation which is made, drawn, negotiated or incurred for the purpose of financing the purchase, processing, manufacturing, shipment, storage or sale of goods, wares or merchandise and
        which is secured by documents evidencing title to, possession of, or a lien upon, the goods, wares or merchandise or the receivables or proceeds arising from the sale of the goods, wares or merchandise previously constituting the security, provided
        the security is received by the Trustee simultaneously with the creation of the creditor relationship arising from the making, drawing, negotiating or incurring of the draft, bill of exchange, acceptance or obligation.

    Section 7.04          Trustee’s Disclaimer. 

        The Trustee (i) makes no representation as to the validity or adequacy of this Indenture or the Notes, (ii) is not accountable for the Company’s use or application of the proceeds from the Notes and (iii) is not responsible for any statement in the
        Notes other than its certificate of authentication.

    Section 7.05          Notice of Default. 

        If any Default occurs and is continuing and is known to the Trustee, the Trustee will send notice of the Default to each Holder within 90 days after the Trustee’s receipt of notice of its occurrence, unless the Default has been cured; provided
        that, except in the case of a default in the payment of the principal of or interest on any Note, the Trustee may withhold the notice if and so long as the board of directors, the executive committee or a trust committee of directors of the Trustee
        in good faith determines that withholding the notice is in the interest of the Holders. Notice to Holders under this Section will be given in the manner and to the extent provided in Trust Indenture Act Section 313(c).

    Section 7.06          [Reserved].

    Section 7.07          Compensation And
          Indemnity.  (a) The Company will pay the Trustee compensation as agreed upon in writing for its services. The compensation of the Trustee is not limited by any law on compensation of a Trustee of an express trust. The Company will reimburse
        the Trustee upon request for all reasonable out-of-pocket expenses, disbursements and advances incurred or made by the Trustee, including the reasonable compensation and expenses of the Trustee’s agents and counsel. When the Trustee incurs expenses
        or renders services after a “bankruptcy default” has occurred, the expenses and compensation for the services (including the fees and expenses of its agents and counsel) are intended, to the extent permitted by applicable law, to constitute
        expenses of administration under Title 11, U.S. Code, or any similar federal or state law for the relief of debtors.

    (b)          The Company
        will indemnify the Trustee for, and hold it harmless against, any loss or liability or expense incurred by it without negligence, bad faith or willful misconduct on its part arising out of or in connection with the acceptance or administration of
        this Indenture and its duties under this Indenture and the Notes, including the costs and expenses of defending itself against any claim or liability and of complying with any process served upon it or any of its officers in connection with the
        exercise or performance of any of its powers or duties under this Indenture and the Notes. The Trustee shall promptly notify the Company of any claim asserted against the Trustee or any of its agents for which it may seek indemnity. The Company
        shall defend the claim and the Trustee shall cooperate in the defense. The Trustee and its agents subject to the claim may have separate counsel, and the Company

    
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    shall pay the reasonable fees and expenses of such counsel if the Trustee concludes, upon advice of counsel, that there exists
        a conflict of interest between the Company and the Trustee and its agents subject to the claim in connection with such defense. The Company need not pay for any settlement made without its written consent. The Company need not reimburse any expense
        or indemnify against any loss or liability to the extent incurred by the Trustee through the Trustee’s negligence, bad faith or willful misconduct.

    (c)          To secure the
        Company’s payment obligations in this Section, the Trustee will have a lien prior to the Notes on all money or property held or collected by the Trustee, in its capacity as Trustee, except money or property held in trust to pay principal of, and
        interest on particular Notes. Such lien will survive the satisfaction and discharge of this Indenture.

    (d)          The
        obligations of the Company under this Section 7.07 will survive the satisfaction and discharge of this Indenture or the resignation or removal of the Trustee.

    Section 7.08          Replacement of
          Trustee.  (a)(i) The Trustee may resign at any time by providing 30 days prior written notice to the Company.

    (ii)          The Holders of a majority in principal amount of the
        outstanding Notes may remove the Trustee, by written notice to the Trustee.

    (iii)          If the Trustee is no longer eligible under Section

          7.10 or in the circumstances described in Trust Indenture Act Section 310(b), any Holder that satisfies the requirements of Trust Indenture Act Section 310(b) may petition any court of competent jurisdiction for the removal of the Trustee and
        the appointment of a successor Trustee.

    (iv)          The Company may remove the Trustee if: (i) the
        Trustee is no longer eligible under Section 7.10; (ii) the Trustee is adjudged a bankrupt or an insolvent; (iii) a receiver or other public officer takes charge of the Trustee or its property; or (iv) the Trustee becomes incapable of
        acting.

    A resignation or removal of the Trustee and appointment of a successor Trustee will become effective only upon the successor Trustee’s acceptance of
      appointment as provided in this Section.

    (b)          If the Trustee
        has been removed by the Holders, Holders of a majority in principal amount of the Notes may appoint a successor Trustee with the consent of the Company. Otherwise, if the Trustee resigns or is removed, or if a vacancy exists in the office of
        Trustee for any reason, the Company will promptly appoint a successor Trustee. If the successor Trustee does not deliver its written acceptance within 30 days after the retiring Trustee resigns or is removed, the retiring Trustee (at the Company’s
        expense), the Company or the Holders of a majority in principal amount of the outstanding Notes may petition any court of competent jurisdiction for the appointment of a successor Trustee.

    (c)          Upon delivery
        by the successor Trustee of a written acceptance of its appointment to the retiring Trustee and to the Company, (i) the retiring Trustee will transfer

    
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    all property held by it as Trustee to the successor Trustee, subject to the lien provided for in Section 7.07, (ii) the
        resignation or removal of the retiring Trustee will become effective, and (iii) the successor Trustee will have all the rights, powers and duties of the Trustee under this Indenture. Upon request of any successor Trustee, the Company will execute
        any and all instruments for fully and vesting in and confirming to the successor Trustee all such rights, powers and trusts. The successor Trustee will give notice of any resignation and any removal of the Trustee and each appointment of a
        successor Trustee to all Holders, and include in the notice the name of the successor Trustee and the address of its Corporate Trust Office.

    (d)          Notwithstanding

        replacement of the Trustee pursuant to this Section, the Company’s obligations under Section 7.07 will continue for the benefit of the retiring Trustee.

    (e)          The Trustee
        agrees to give the notices provided for in, and otherwise comply with, Trust Indenture Act Section 310(b).

    Section 7.09          Successor Trustee by
          Merger.  If the Trustee consolidates with, merges or converts into, or transfers all or substantially all of its corporate trust business to, another corporation or national banking association, the resulting, surviving or transferee
        corporation or national banking association without any further act will be the successor Trustee with the same effect as if the successor Trustee had been named as the Trustee in this Indenture.

    Section 7.10          Eligibility. 
        This Indenture must always have a Trustee that satisfies the requirements of Trust Indenture Act Section 310(a) and has a combined capital and surplus of at least $25,000,000 as set forth in its most recent published annual report of condition.

    Section 7.11          Money Held in Trust. 

        The Trustee will not be liable for interest on any money received by it except as it may agree with the Company. Money held in trust by the Trustee need not be segregated from other funds except to the extent required by law and except for money
        held in trust under Article 8.

    ARTICLE 8

      

        Legal Defeasance and Covenant Defeasance; Satisfaction and Discharge

    Section 8.01          Option to Effect
          Legal Defeasance or Covenant Defeasance.  The Company may, at any time, elect to have either Section 8.02 or Section 8.03 be applied to all outstanding Notes upon compliance with the conditions set forth below in this Article 8.

    Section 8.02          Legal Defeasance and
          Discharge.  Upon the Company’s exercise under Section 8.01 of the option applicable to this Section 8.02, the Company shall, subject to the satisfaction of the conditions set forth in Section 8.04, be deemed to have
        been discharged from its obligations with respect to all outstanding Notes and all obligations of the Guarantors shall be deemed to have been discharged with respect to their obligations under the Note Guarantees, on the date the conditions set
        forth below are satisfied (hereinafter, “Legal Defeasance”). For this purpose, Legal Defeasance means that the Company shall be deemed to have paid and discharged the entire Indebtedness represented by the outstanding Notes, which

    
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    shall thereafter be deemed to be “outstanding” only for the purposes of Section 8.08 and the other Sections of this Indenture referred to
        in (a) and (b) below, and to have satisfied all its other obligations under such Notes and this Indenture (and the Trustee, on demand of and at the expense of the Company, shall execute proper instruments acknowledging the same), except for the
        following clauses, which shall survive until otherwise terminated or discharged hereunder: (a) the rights of Holders of outstanding Notes to receive solely from the trust fund described in Section 8.04 hereof, and as more fully set forth in
        such Section 8.04, payments in respect of the principal of, premium, if any, and interest on such Notes when such payments are due, (b) the Company’s obligations with respect to such Notes under Article 2, Section 4.02 and Section

          8.08, (c) the rights, powers, trusts, duties and immunities of the Trustee hereunder and the Company’s and Guarantors’ obligations in connection therewith and (d) this Article 8. Subject to compliance with this Article 8, the
        Company may exercise its option under this Section 8.02 notwithstanding the prior exercise of its option under Section 8.03.

    Section 8.03          Covenant Defeasance. 

        Upon the Company’s exercise under Section 8.01 hereof of the option applicable to this Section 8.03, the Company and each of the Guarantors shall, subject to the satisfaction of the conditions set forth in Section 8.04, be
        released from their respective obligations under the covenants set forth in Sections 4.04 through 4.16, 4.18 and clauses (B) and (C) of 5.01(a)(2), inclusive with respect to the outstanding Notes on and after the
        date the conditions set forth in Section 8.04 are satisfied (hereinafter, “Covenant Defeasance”), and the Notes shall thereafter be deemed not “outstanding” for the purposes of any direction, waiver, consent or declaration or act of
        Holders (and the consequences of any thereof) in connection with such covenants, but shall continue to be deemed “outstanding” for all other purposes hereunder. For this purpose, Covenant Defeasance means that, with respect to the outstanding
        Notes, the Company may omit to comply with and shall have no liability in respect of any term, condition or limitation set forth in any such covenant, whether directly or indirectly, by reason of any reference elsewhere herein to any such covenant
        or by reason of any reference in any such covenant to any other provision herein or in any other document and such omission to comply shall not constitute a Default or an Event of Default under Section 6.01, but, except as specified above,
        the remainder of this Indenture and such Notes shall be unaffected thereby. In addition, upon the Company’s exercise under Section 8.01 of the option applicable to this Section 8.03, subject to the satisfaction of the conditions set
        forth in Section 8.04, clauses (3) through (7) of Section 6.01 hereof shall cease to operate and not constitute Events of Default.

    Section 8.04          Conditions to Legal
          Defeasance or Covenant Defeasance.  The following shall be the conditions to the application of either Section 8.02 or 8.03 hereof to the outstanding Notes:

    In order to exercise either Legal Defeasance or Covenant Defeasance:

    (a)          the Company
        shall irrevocably deposit with the Trustee, in trust, for the benefit of the Holders of Notes, cash in U.S. dollars, non-callable Government Securities, or a combination thereof, in such amounts as shall be sufficient, in the opinion of a
        nationally recognized firm of independent public accountants (or, if two or more nationally recognized firms of independent public accountants decline to issue such opinion as a matter of policy, in the opinion of the Company’s chief financial
        officer), to pay the principal of, premium, if any, and interest on the outstanding Notes on the Stated Maturity or on the

    
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    applicable redemption date, as the case may be, and the Company shall specify whether such Notes are being defeased to maturity
        or to a particular redemption date;

    (b)          in the case of
        an election under Section 8.02, the Company shall have delivered to the Trustee an Opinion of Counsel reasonably acceptable to the Trustee confirming that (i) the Company has received from, or there has been published by, the Internal
        Revenue Service a ruling or (ii) since the Issue Date, there has been a change in the applicable U.S. federal income tax law, in either case to the effect that, and based thereon such Opinion of Counsel shall confirm that, the Holders of the
        outstanding Notes shall not recognize income, gain or loss for U.S. federal income tax purposes as a result of such Legal Defeasance and shall be subject to U.S. federal income tax on the same amounts, in the same manner and at the same times as
        would have been the case if such Legal Defeasance had not occurred;

    (c)          in the case of
        an election under Section 8.03, the Company shall have delivered to the Trustee an Opinion of Counsel reasonably acceptable to the Trustee confirming that the Holders of the outstanding Notes shall not recognize income, gain or loss for
        U.S. federal income tax purposes as a result of such Covenant Defeasance and shall be subject to U.S. federal income tax on the same amounts, in the same manner and at the same times as would have been the case if such Covenant Defeasance had not
        occurred;

    (d)          no Default or
        Event of Default shall have occurred and be continuing on the date of such deposit other than a Default resulting from the borrowing of funds to be applied to such deposit;

    (e)          such Legal
        Defeasance or Covenant Defeasance shall not result in a breach or violation of, or constitute a default under any material agreement or instrument (other than this Indenture) to which the Company or any of its Subsidiaries is a party or by which
        the Company or any of its Subsidiaries is bound;

    (f)          the Company
        shall have delivered to the Trustee an Officer’s Certificate stating that the deposit was not made by the Company with the intent of preferring the Holders of Notes over any other creditors of the Company with the intent of defeating, hindering,
        delaying or defrauding any other creditors of the Company or others;

    (g)          if the Notes
        are to be redeemed prior to their Stated Maturity, the Company shall have delivered to the Trustee irrevocable instructions to redeem all of the Notes on the specified redemption date; and

    (h)          the Company
        shall have delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel, each stating that all conditions precedent, including, without limitation, the conditions set forth in this Section 8.04, provided for or relating to
        the Legal Defeasance or the Covenant Defeasance have been complied with.

    In the case of defeasance, upon any redemption that requires the payment of the Applicable Premium, the amount deposited with the trustee
      shall be sufficient for purposes of clause (a) above and this Indenture to the extent that an amount is deposited with the trustee equal to the Applicable Premium calculated as of the date of such deposit, with any deficit as of the date of
      redemption (any such amount, the “Applicable Premium Deficit”) only required to be

    
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    deposited with the trustee on or prior to the date of redemption. Any Applicable Premium Deficit shall be set forth in an Officer’s Certificate delivered to
      the trustee simultaneously with the deposit of such Applicable Premium Deficit that confirms that such Applicable Premium Deficit shall be applied toward such redemption.

    Section 8.05          Satisfaction and
          Discharge of Indenture.  This Indenture shall be discharged and shall cease to be of further effect as to all Notes issued hereunder when:

    (i)          either:

    (A)          all Notes that have been
        authenticated (except lost, stolen or destroyed Notes that have been replaced or paid and Notes for whose payment money has theretofore been deposited in trust and thereafter repaid to the Company) have been delivered to the Trustee for
        cancellation; or

    (B)          all Notes that have not been
        delivered to the Trustee for cancellation have become due and payable by reason of the making of a notice of redemption or otherwise or will become due and payable within one year and the Company or any Guarantor has irrevocably deposited or caused
        to be deposited with the Trustee as trust funds in trust solely for the benefit of the Holders, cash in U.S. dollars, non-callable Government Securities, or a combination thereof, in such amounts, as determined by the Company, as will be sufficient
        without consideration of any reinvestment of interest, to pay and discharge the entire Indebtedness on the Notes not delivered to the Trustee for cancellation for principal, premium, if any, and accrued interest to the date of maturity or
        redemption;

    (ii)          no Default or Event of Default shall have occurred
        and be continuing on the date of such deposit or shall occur as a result of such deposit (other than from the borrowing of funds to be applied to such deposit) and such deposit will not result in a breach or violation of, or constitute a default
        under, any other instrument (other than this Indenture) to which the Company or any Guarantor is a party or by which the Company or any Guarantor is bound;

    (iii)          the Company or any Guarantor has paid or caused to
        be paid all sums payable by it under this Indenture; and

    (iv)          the Company has delivered irrevocable instructions
        to the Trustee under this Indenture to apply the deposited money toward the payment of the Notes at maturity or the redemption date, as the case may be.

    In the case of satisfaction and discharge, upon any redemption that requires the payment of the Applicable Premium, the amount deposited
      with the trustee shall be sufficient for purposes of clause (i) above and this Indenture to the extent that an amount is deposited with the trustee equal to the Applicable Premium calculated as of the date of such deposit, with any Applicable Premium
      Deficit only required to be deposited with the trustee on or prior to the date of redemption. Any Applicable Premium Deficit shall be set forth in an Officer’s Certificate delivered to the trustee simultaneously with the deposit of such Applicable
      Premium Deficit that confirms that such Applicable Premium Deficit shall be applied toward such redemption.

    
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    In addition, the Company shall deliver an Officer’s Certificate and an Opinion of Counsel to the Trustee stating that all conditions
      precedent to satisfaction and discharge have been satisfied.

    Section 8.06          Survival of Certain
          Obligations.  Notwithstanding Sections 8.02, 8.03 and 8.05, any obligations of the Company and the Guarantors in Sections 2.03 through 2.11, 6.07, Article 7, and 8.07 through 8.11
        shall survive until the Notes have been paid in full. Thereafter, any obligations of the Company and the Guarantors in Article 7 and Sections 8.07, 8.08 and 8.10 shall survive such satisfaction and discharge. Nothing
        contained in this Article 8 shall abrogate any of the obligations or duties of the Trustee under this Indenture.

    Section 8.07          Acknowledgment of
          Discharge by Trustee.  After the conditions of Section 8.02, 8.03 or 8.05 have been satisfied, the Trustee upon written request shall acknowledge in writing the discharge of all of the Company’s obligations under this
        Indenture except for those surviving obligations specified in this Article 8.

    Section 8.08          Deposited Money and
          Cash Equivalents to Be Held in Trust; Other Miscellaneous Provisions.  Subject to Section 8.09, all money and non-callable Cash Equivalents (including the proceeds thereof) deposited with the Trustee (or other qualifying trustee,
        collectively for purposes of this Section 8.08, the “Trustee”) pursuant to Section 8.04 in respect of the outstanding Notes shall be held in trust and applied by the Trustee, in accordance with the provisions of such Notes
        and this Indenture, to the payment, either directly or through any Paying Agent (including the Company acting as Paying Agent) as the Trustee may determine, to the Holders of such Notes of all sums due and to become due thereon in respect of
        principal, premium, if any, and interest, but such money need not be segregated from other funds except to the extent required by law.

    The Company shall pay and indemnify the Trustee against any tax, fee or other charge imposed on or assessed against the cash or non-callable
      Cash Equivalents deposited pursuant to Section 8.04(a) or the principal and interest received in respect thereof other than any such tax, fee or other charge which by law is for the account of the Holders of the outstanding Notes.

    Anything in this Article 8 to the contrary notwithstanding, the Trustee shall deliver or pay to the Company from time to time upon
      the request of the Company any money or non-callable Cash Equivalents held by it as provided in Section 8.04 which, in the opinion of a nationally recognized firm of independent public accountants expressed in a written certification thereof
      delivered to the Trustee (which may be the opinion delivered under Section 8.04 hereof), are in excess of the amount thereof that would then be required to be deposited to effect an equivalent Legal Defeasance or Covenant Defeasance.

    Section 8.09          Repayment to Company. 

        Subject to applicable abandoned property law, any money deposited with the Trustee or any Paying Agent, or then held by the Company, in trust for the payment of the principal of, premium, if any, and interest on any Note and remaining unclaimed for
        two years after such principal, and premium, if any, and interest has become due and payable shall be paid to the Company on its request or (if then held by the Company) shall be discharged from such trust; and the Holder of such Note shall
        thereafter, as

    
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    an unsecured creditor, look only to the Company for payment thereof, and all liability of the Trustee or such Paying Agent with respect to such
        trust money, and all liability of the Company as trustee thereof, shall thereupon cease; provided, however, that the Trustee or such Paying Agent, before being required to make any such repayment, may at the expense of the Company
        cause to be published once, in The New York Times and The Wall Street Journal (national edition), notice that such money remains unclaimed and that, after a date specified therein, which shall not be less than 30 days from the date of such
        notification or publication, any unclaimed balance of such money then remaining shall be repaid to the Company.

    Section 8.10          Indemnity for
          Government Securities.  The Company shall pay and shall indemnify the Trustee against any tax, fee or other charge imposed on or assessed against deposited Government Securities or the principal and interest, if any, received on such
        Government Securities.

    Section 8.11          Reinstatement. 
        If the Trustee or Paying Agent is unable to apply any United States dollars or non-callable Government Securities in accordance with Section 8.02, 8.03 or 8.05, as the case may be, by reason of any order or judgment of any
        court or governmental authority enjoining, restraining or otherwise prohibiting such application, then the Company’s obligations under this Indenture and the Notes shall be revived and reinstated as though no deposit had occurred pursuant to Section

          8.02, 8.03 or 8.05 hereof until such time as the Trustee or Paying Agent is permitted to apply all such money in accordance with Section 8.02, 8.03 or 8.05, as the case may be; provided, however,
        that, if the Company makes any payment of principal of, premium, if any, or interest on any Note following the reinstatement of its obligations, the Company shall be subrogated to the rights of the Holders of such Notes to receive such payment from
        the money held by the Trustee or Paying Agent.

    ARTICLE 9

      

        Amendment, Supplement and Waivers

    Section 9.01          Amendments Without
          Consent of Holders.  Notwithstanding Section 9.02, without the consent of any Holder of Notes, the Company, the Guarantors and the Trustee may amend or supplement this Indenture, or the Notes or the Note Guarantees:

    (a)          to cure any
        ambiguity, defect or inconsistency;

    (b)          to provide for
        uncertificated Notes in addition to or in place of Certificated Notes;

    (c)          to provide for
        the assumption of the Company’s or any Guarantor’s obligations to Holders of Notes in the case of a merger or consolidation or sale of all or substantially all of the assets of the Company or of such Guarantor;

    (d)          to make any
        change that would provide any additional rights or benefits to the Holders of Notes or that does not adversely affect the legal rights under this Indenture of any such Holder;

    
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    (e)          to comply with
        requirements of the Commission in order to effect or maintain the qualification of this Indenture under the Trust Indenture Act;

    (f)          to comply with
        the requirements of Section 4.10;

    (g)          to evidence
        and provide for the acceptance of appointment by a successor Trustee;

    (h)          to provide for
        the issuance of Additional Notes in accordance with this Indenture; or

    (i)          to conform any
        provision to the “Description of Notes” in the Offering Memorandum.

    Section 9.02          Amendments With
          Consent of Holders.  (a) Except as provided in Section 9.01 or below in this Section 9.02, this Indenture, the Notes or the Note Guarantees may be amended or supplemented with the consent of the Holders of at least a majority
        in aggregate principal amount of the Notes then outstanding (including, without limitation, consents obtained in connection with a purchase of, or tender offer or exchange offer for, Notes), and, subject to Sections 6.02, 6.04 and 6.07
        hereof, any existing Default or Event of Default or compliance with any provision of this Indenture or the Notes or the Note Guarantees may be waived with the consent of the Holders of a majority in aggregate principal amount of the then
        outstanding Notes (including, without limitation, consents obtained in connection with a purchase of, tender offer or exchange offer for, Notes).

    (b)          It shall not
        be necessary for the consent of the Holders of Notes under this Section 9.02 to approve the particular form of any proposed amendment or waiver, but it shall be sufficient if such consent approves the substance thereof.

    (c)          Without the
        consent of each Holder of Notes affected, an amendment, supplement or waiver may not (with respect to any Notes held by a non-consenting Holder):

    (i)          reduce the principal amount of Notes whose Holders
        must consent to an amendment, supplement or waiver;

    (ii)          reduce the principal of or change the fixed maturity
        of any Note or alter the provisions, or waive any payment, with respect to the redemption of the Notes (other than the notice period with respect to the redemption of Notes);

    (iii)          reduce the rate of or change the time for payment
        of interest on any Note;

    (iv)          waive a Default or Event of Default in the payment
        of principal of or premium, if any, or interest on the Notes (except a rescission of acceleration of the Notes by the Holders of at least a majority in aggregate principal amount of the then outstanding Notes and a waiver of the payment default
        that resulted from such acceleration);

    
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    (v)          make any Note payable in money other than U.S.
        dollars;

    (vi)          make any change in the provisions of this Indenture
        relating to waivers of past Defaults or the rights of Holders of Notes to receive payments of principal of, or interest or premium, if any, on the Notes;

    (vii)          release any Guarantor from any of its obligations
        under its Note Guarantee or this Indenture except in accordance with the terms of this Indenture;

    (viii)          impair the right to institute suit for the
        enforcement of any payment on or with respect to the Notes or the related Note Guarantees;

    (ix)          amend, change or modify the obligation of the
        Company to make and consummate an Asset Sale Offer with respect to any Asset Sale in accordance with Section 4.12 after the obligation to make such an Asset Sale Offer has arisen, or the obligation of the Company to make and consummate a
        Change of Control Offer in the event of a Change of Control in accordance with Section 4.11 after such Change of Control has occurred, including, in each case, amending, changing or modifying any definition relating thereto;

    (x)          except as otherwise permitted by Article 5,
        consent to the assignment or transfer by the Company of any of its rights or obligations under this Indenture; or

    (xi)          make any change in Section 6.02, 6.04
        or 6.07 or in this Section 9.02.

    (d)          An amendment,
        supplement or waiver under this Section will become effective on receipt by the Trustee of written consents from the Holders of the requisite percentage in principal amount of the outstanding Notes. After an amendment, supplement or waiver under
        this Section becomes effective, the Company shall mail to the Holders of Notes affected thereby a notice briefly describing the amendment, supplement or waiver. Any failure of the Company to mail such notice, or any defect therein, shall not,
        however, in any way impair or affect the validity of any such amended or supplemental indenture or waiver.

    Section 9.03          [Reserved].

    Section 9.04          Revocation and Effect
          of Consents.  Until an amendment, supplement or waiver becomes effective, a consent to it by a Holder of a Note is a continuing consent by such Holder of a Note and every subsequent Holder of a Note or portion of a Note that evidences the
        same debt as the consenting Holder’s Note, even if notation of the consent is not made on any Note. However, any such Holder of a Note or subsequent Holder of a Note may revoke the consent as to its Note if the Trustee receives written notice of
        revocation before the date the waiver, supplement or amendment becomes effective. An amendment, supplement or waiver becomes effective in accordance with its terms and thereafter binds every Holder.

    Section 9.05          Notation on or
          Exchange of Notes.  The Trustee may place an appropriate notation about an amendment, supplement or waiver on any Note thereafter authenticated. The Company in exchange for all Notes may issue and the Trustee shall, upon

    
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    receipt of a certificate of authentication, authenticate new Notes that reflect the amendment, supplement or waiver.

    Failure to make the appropriate notation or issue a new Note shall not affect the validity and effect of such amendment, supplement or
      waiver.

    Section 9.06          Trustee to Sign
          Amendments, Etc.  The Trustee shall sign any amended or supplemental indenture or Note authorized pursuant to this Article 9 if the amendment or supplement does not adversely affect the rights, duties, liabilities or immunities of the
        Trustee. In executing any amended or supplemental indenture, Note or any waiver, the Trustee shall be entitled to receive and (subject to Section 7.01 hereof) shall be fully protected in relying upon, in addition to the documents required
        by Section 11.04, an Officer’s Certificate and an Opinion of Counsel stating that the execution of such amended or supplemental indenture is authorized or permitted by this Indenture. The Trustee may, but shall not be obligated to, execute
        any such amendment, supplement or waiver which affects the Trustee’s rights, duties or immunities under this Indenture or otherwise. In signing any amendment, supplement or waiver, the Trustee shall be entitled to receive an indemnity reasonably
        satisfactory to it.

    ARTICLE 10

      

        Guarantees

    Section 10.01          The Guarantees. 
        Subject to the provisions of this Article, to the fullest extent permitted by applicable law, each Guarantor hereby irrevocably and unconditionally guarantees, jointly and severally, on an unsubordinated basis, the full and punctual payment
        (whether at Stated Maturity, upon redemption, purchase pursuant to an Offer to Purchase or acceleration, or otherwise) of the principal of, premium, if any, and interest on, and all other amounts payable under, each Note, and the full and punctual
        payment of all other amounts payable by the Company under this Indenture. Upon failure by the Company to pay punctually any such amount, each Guarantor shall forthwith on demand pay the amount not so paid at the place and in the manner specified in
        this Indenture.

    Section 10.02          Guarantee
          Unconditional.  The obligations of each Guarantor hereunder are unconditional and absolute and, without limiting the generality of the foregoing, to the fullest extent permitted by applicable law, will not be released, discharged or otherwise
        affected by

    (1)          any extension, renewal,
        settlement, compromise, waiver or release in respect of any obligation of the Company under this Indenture or any Note, by operation of law or otherwise;

    (2)          any modification or amendment of
        or supplement to this Indenture or any Note;

    (3)          any change in the corporate
        existence, structure or ownership of the Company, or any insolvency, bankruptcy, reorganization or other similar proceeding affecting the Company or its assets or any resulting release or discharge of any obligation of the Company contained in this
        Indenture or any Note;

    
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    (4)          the existence of any claim,
        set-off or other rights which the Guarantor may have at any time against the Company, the Trustee or any other Person, whether in connection with this Indenture or any unrelated transactions, provided that nothing herein prevents the
        assertion of any such claim by separate suit or compulsory counterclaim;

    (5)          any invalidity or
        unenforceability relating to or against the Company for any reason of this Indenture or any Note, or any provision of applicable law or regulation purporting to prohibit the payment by the Company of the principal of or interest on any Note or any
        other amount payable by the Company under this Indenture; or

    (6)          any other act or omission to act
        or delay of any kind by the Company, the Trustee or any other Person or any other circumstance whatsoever which might, but for the provisions of this paragraph, constitute a legal or equitable discharge of or defense to such Guarantor’s obligations
        hereunder.

    Section 10.03          Discharge;
          Reinstatement.  Each Guarantor’s obligations hereunder will remain in full force and effect until the principal of, premium, if any, and interest on the Notes and all other amounts payable by the Company under this Indenture have been paid in
        full. If at any time any payment of the principal of, premium, if any, or interest on any Note or any other amount payable by the Company under this Indenture is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or
        reorganization of the Company or otherwise, each Guarantor’s obligations hereunder with respect to such payment will be reinstated as though such payment had been due but not made at such time.

    Section 10.04          Waiver by the
          Guarantors.  To the fullest extent permitted by applicable law, each Guarantor irrevocably waives acceptance hereof, presentment, demand, protest and any notice not provided for herein, as well as any requirement that at any time any action
        be taken by any Person against the Company or any other Person.

    Section 10.05          Subrogation and
          Contribution.  Upon making any payment with respect to any obligation of the Company under this Article the Guarantor making such payment will be subrogated to the rights of the payee against the Company with respect to such obligation, provided
        that the Guarantor may not enforce either any right of subrogation, or any right to receive payment in the nature of contribution, or otherwise, from any other Guarantor, with respect to such payment so long as any amount payable by the Company
        hereunder or under the Notes remains unpaid.

    Section 10.06          Stay of Acceleration. 

        If acceleration of the time for payment of any amount payable by the Company under this Indenture or the Notes is stayed upon the insolvency, bankruptcy or reorganization of the Company, all such amounts otherwise subject to acceleration under the
        terms of this Indenture are nonetheless payable by the Guarantors hereunder forthwith on demand by the Trustee or the Holders.

    Section 10.07          Limitation on Amount
          of Guarantee.  Notwithstanding anything to the contrary in this Article, each Guarantor, and by its acceptance of Notes, each Holder, hereby confirms that it is the intention of all such parties that the Note Guarantee of such Guarantor not
        constitute a fraudulent conveyance under applicable fraudulent conveyance provisions of the

    
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    United States Bankruptcy Code or any comparable provision of state law. To effectuate that intention, the Trustee, the Holders and the Guarantors
        hereby irrevocably agree that the obligations of each Guarantor (other than Holdings) under its Note Guarantee are limited to the maximum amount that would not render the Guarantor’s obligations subject to avoidance under applicable fraudulent
        conveyance provisions of the United States Bankruptcy Code or any comparable provision of state law.

    Section 10.08          Execution and
          Delivery of Guarantee.  The execution by each Guarantor of the Indenture (or a supplemental indenture in the form of Exhibit B) evidences the Note Guarantee of such Guarantor, whether or not the person signing as an officer of the
        Guarantor still holds that office at the time of authentication of any Note. The delivery of any Note by the Trustee after authentication constitutes due delivery of the Note Guarantee set forth in this Indenture on behalf of each Guarantor.

    Section 10.09          Release of Guarantee. 

        The Note Guarantee of a Guarantor (other than Holdings) will terminate:

    (1)          in connection with any sale or
        other disposition of all of the Capital Stock of a Guarantor to a Person that is not (either before or after giving effect to such transaction) the Company or a Restricted Subsidiary, if the sale or other disposition of all such Capital Stock of
        that Guarantor does not violate Section 4.12;

    (2)          if the Company designates such
        Guarantor as an Unrestricted Subsidiary in accordance with the provisions of this Indenture;

    (3)          upon legal or covenant
        defeasance of the Notes or satisfaction and discharge of this Indenture as provided in Article 8;

    (4)          upon a sale of Capital Stock
        which causes such Guarantor to cease to be a Subsidiary if such sale does not violate any of the provisions of this Indenture; provided that such Guarantor is concurrently released from any other Guarantees of Indebtedness of the Company or
        any of its Restricted Subsidiaries at such time; or

    (5)          when such Guarantor does not
        guarantee Indebtedness under a Credit Facility or any of the Existing Notes.

    Upon delivery by the Company to the Trustee of an Officer’s Certificate and an Opinion of Counsel to the foregoing effect, the Trustee will
      execute any documents reasonably required in order to evidence the release of the Guarantor from its obligations under its Note Guarantee.

    ARTICLE 11

      

        Miscellaneous

    Section 11.01          [Reserved].

    
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    Section 11.02          Noteholder
          Communications; Noteholder Actions.  (a) The rights of Holders to communicate with other Holders with respect to this Indenture or the Notes are as provided by the Trust Indenture Act, and the Company and the Trustee shall comply with the
        requirements of Trust Indenture Act Sections 312(a) and 312(b). Neither the Company nor the Trustee will be held accountable by reason of any disclosure of information as to names and addresses of Holders made pursuant to the Trust Indenture Act.

    (b)          (1) Any
        request, demand, authorization, direction, notice, consent to amendment, supplement or waiver or other action provided by this Indenture to be given or taken by a Holder (an “act”) may be evidenced by an instrument signed by such Holder
        delivered to the Trustee. The fact and date of the execution of the instrument, or the authority of the person executing it, may be proved in any manner that the Trustee deems sufficient.

    (2)          The Trustee may make reasonable
        rules for action by or at a meeting of Holders which will be binding on all the Holders.

    (c)          Any act by the
        Holder of any Note binds that Holder and every subsequent Holder of a Note that evidences the same debt as the Note of the acting Holder, even if no notation thereof appears on the Note. Subject to paragraph (d), a Holder may revoke an act as to
        its Notes, but only if the Trustee receives the notice of revocation before the date the amendment or waiver or other consequence of the act becomes effective.

    (d)          The Company
        may, but is not obligated to, fix a record date for the purpose of determining the Holders entitled to act with respect to any amendment or waiver or in any other regard, except that during the continuance of an Event of Default, only the Trustee
        may set a record date as to notices of default, any declaration or acceleration or any other remedies or other consequences of the Event of Default. If a record date is fixed, those Persons that were Holders of Notes at such record date and only
        those Persons will be entitled to act, or to revoke any previous act, whether or not those Persons continue to be Holders after the record date. No act will be valid or effective if taken more than 90 days after the record date.

    Section 11.03          Notices.  (a)
        Any notice or communication to the Company will be deemed given if in writing (i) when delivered in person or (ii) five days after mailing when mailed by first class mail, or (iii) when sent by facsimile transmission, with transmission confirmed.
        Notices or communications to a Guarantor will be deemed given if given to the Company. Any notice to the Trustee will be effective only upon receipt. In each case the notice or communication should be addressed as follows:

    if to the Company:

    Spectrum Brands, Inc.

      3001 Deming Way

      Middleton, Wisconsin 53562

      Attention: General Counsel

      (608) 275-3340

    if to the Trustee:

    
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    US Bank National Association

      333 Commerce Street, Suite 800

      Nashville, Tennessee 37201

      Attention: Corporate Trust Services

      (615) 251-0737

    The Company or the Trustee by notice to the other may designate additional or different addresses for subsequent notices or communications.

    (b)          Except as
        otherwise expressly provided with respect to published notices, any notice or communication to a Holder will be deemed given when mailed to the Holder at its address as it appears on the Register by first class mail or, as to any Global Note
        registered in the name of DTC or its nominee, as agreed by the Company, the Trustee and DTC. Copies of any notice or communication to a Holder, if given by the Company, will be mailed to the Trustee at the same time. Defect in mailing a notice or
        communication to any particular Holder will not affect its sufficiency with respect to other Holders.

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

    Section 11.04          Certificate and
          Opinion as to Conditions Precedent.  Upon any request or application by the Company to the Trustee to take any action under this Indenture, the Company will furnish to the Trustee:

    (1)          an Officer’s Certificate stating
        that, in the opinion of the signers, all conditions precedent, if any, provided for in this Indenture relating to the proposed action have been complied with; and

    (2)          an Opinion of Counsel stating
        that all such conditions precedent have been complied with.

    Section 11.05          Statements Required
          in Certificate or Opinion.  Each certificate or opinion with respect to compliance with a condition or covenant provided for in this Indenture must include:

    (1)          a statement that each person
        signing the certificate or opinion has read the covenant or condition and the related definitions;

    (2)          a brief statement as to the
        nature and scope of the examination or investigation upon which the statement or opinion contained in the certificate or opinion is based;

    (3)          a statement that, in the opinion
        of each such person, that person has made such examination or investigation as is necessary to enable the person to

    
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    express an informed opinion as to whether or not such covenant or condition has been complied with; and

    (4)          a statement as to whether or
        not, in the opinion of each such person, such condition or covenant has been complied with, provided that an Opinion of Counsel may rely on an Officer’s Certificate or certificates of public officials with respect to matters of fact.

    Section 11.06          Payment Date Other
          Than a Business Day.  If any payment with respect to a payment of any principal of, premium, if any, or interest on any Note (including any payment to be made on any date fixed for redemption or purchase of any Note) is due on a day which is
        not a Business Day, then the payment need not be made on such date, but may be made on the next Business Day with the same force and effect as if made on such date, and no interest will accrue for the intervening period.

    Section 11.07          Governing Law. 
        This Indenture, including any Note Guarantees, and the Notes, shall be governed by, and construed in accordance with, the laws of the State of New York.

    Section 11.08          No Adverse
          Interpretation of Other Agreements.  This Indenture may not be used to interpret another indenture or loan or debt agreement of the Company or any Subsidiary of the Company and no such indenture or loan or debt agreement may be used to
        interpret this Indenture.

    Section 11.09          Successors.  All
        agreements of the Company or any Guarantor in the Indenture and the Notes will bind its successors. All agreements of the Trustee in the Indenture will bind its successor.

    Section 11.10          Duplicate Originals. 

        The parties may sign any number of copies of the Indenture. Each signed copy shall be an original, but all of them together represent the same agreement. The words “execution,” “signed,” “signature,” and words of like import in this Indenture or in
        any other certificate, agreement or document related to this Indenture, if any, shall include images of manually executed signatures transmitted by facsimile or other electronic format (including, without limitation, “pdf,” “tif” or “jpg”) and
        other electronic signatures (including, without limitation, DocuSign and AdobeSign). The use of electronic signatures and electronic records (including, without limitation, any contract or other record created, generated, sent, communicated,
        received, or stored by electronic means) shall be of the same legal effect, validity and enforceability as a manually executed signature or use of a paper-based recordkeeping system to the fullest extent permitted by applicable law, including the
        Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act and any other applicable law, including, without limitation, any state law based on the Uniform Electronic Transactions Act
        or the Uniform Commercial Code.

    Section 11.11          Separability. 
        In case any provision in the Indenture or in the Notes is invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions will not in any way be affected or impaired thereby.

    
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    Section 11.12          Table of Contents
          and Headings.  The Table of Contents, Cross- Reference Table and headings of the Articles and Sections of the Indenture have been inserted for convenience of reference only, are not to be considered a part of the Indenture and in no way
        modify or restrict any of the terms and provisions of the Indenture.

    Section 11.13          No Liability of
          Directors, Officers, Employees and Stockholders.  No director, officer, employee, incorporator, stockholder or controlling person of the Company or any Guarantor, as such, shall have any liability for any obligations of the Company or the
        Guarantors under the Notes, this Indenture, the Note Guarantees or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder of Notes by accepting a Note waives and releases all such liability. The
        waiver and release are part of the consideration for issuance of the Notes.

    Section 11.14          Benefits of
          Indenture.  Nothing in this Indenture, express or implied, shall give to any Person, other than the parties hereto and their successors thereunder, any Paying Agent and the Holders, any benefit or any legal or equitable right, remedy or claim
        under this Indenture.

    Section 11.15          Rules by Trustee and
          Agents.  The Trustee may make reasonable rules for action by or at a meeting of Holders. The Registrar or Paying Agent may make reasonable rules and set reasonable requirements for its function.

    

    

    

    

    
      94

      
        

    

    SIGNATURES

    IN WITNESS WHEREOF, the parties hereto have caused the Indenture to be duly executed as of the date first written above.

    	 	SPECTRUM BRANDS, INC.

            as Issuer 	 
	 	 	 	 	 
	 	
            By:

          	/s/ Ehsan Zargar

          	 
	 	 	Name:	Ehsan Zargar 	 
	 	 	Title:	
            Executive Vice President, General Counsel and Corporate Secretary 

          	 
	 	 	 	 	 

    

    

    

    

    [Signature Page to Indenture] 

    
      
        

    

    
      	 	US BANK NATIONAL ASSOCIATION

              as Trustee	 
	 	 	 	 	 
	 	
              By:

            	/s/ Wally Jones

            	 
	 	 	Name:	 Wally Jones 	 
	 	 	Title:	 Vice President 	 
	 	 	 	 	 

    

    

    

    

    

    

    

    [Signature Page to Indenture] 

    
      
        

    

    
      	 	SB/RH HOLDINGS, LLC	 
	 	 	 	 	 
	 	
              By:

            	/s/ Ehsan Zargar

            	 
	 	 	Name:	Ehsan Zargar

            	 
	 	 	Title:	 Executive Vice President, General Counsel & Corporate Secretary 	 
	 	 	 	 	 

    

    

    

    
      	 	APPLICA MEXICO HOLDINGS, INC.	 
	 	 	 	 	 
	 	
              By:

            	/s/ Ehsan Zargar

            	 
	 	 	Name:	Ehsan Zargar

            	 
	 	 	Title:	Vice President, General Counsel and Corporate Secretary 	 
	 	 	 	 	 

    

    

    

    
      	 	ALASKA MERGER ACQUISITION CORP.	 
	 	 	 	 	 
	 	
              By:

            	/s/ Ehsan Zargar

            	 
	 	 	Name:	Ehsan Zargar

            	 
	 	 	Title:	Vice President

            	 
	 	 	 	 	 

    

    

    

    
      	 	GLOFISH LLC	 
	 	 	 	 	 
	 	
              By:

            	/s/ Ehsan Zargar

            	 
	 	 	Name:	Ehsan Zargar

            	 
	 	 	Title:	Vice President and Assistant Secretary

            	 
	 	 	 	 	 

    

    

    

    

    

    

    [Signature Page to Indenture]

    

    
      
        

    

    
      

      
        	 	NATIONAL MANUFACTURING MEXICO A LLC	 
	 	 	 	 	 
	 	
                By:

              	/s/ Ehsan Zargar

              	 
	 	 	Name:	Ehsan Zargar

              	 
	 	 	Title:	Vice President, General Counsel and Secretary 	 
	 	 	 	 	 

      

      

      

      
        	 	NATIONAL MANUFACTURING MEXICO B LLC	 
	 	 	 	 	 
	 	
                By:

              	/s/ Ehsan Zargar

              	 
	 	 	Name:	Ehsan Zargar

              	 
	 	 	Title:	Vice President, General Counsel and Secretary 	 
	 	 	 	 	 

      

      

      

      
        	 	NATIONAL OPENINGS, LLC	 
	 	 	 	 	 
	 	
                By:

              	/s/ Ehsan Zargar

              	 
	 	 	Name:	Ehsan Zargar

              	 
	 	 	Title:	Vice President

              	 
	 	 	 	 	 

      

      

      

      
        	 	ROV HOLDING, INC.	 
	 	 	 	 	 
	 	
                By:

              	/s/ Ehsan Zargar

              	 
	 	 	Name:	Ehsan Zargar

              	 
	 	 	Title:	 Executive Vice President, General Counsel & Corporate Secretary 	 
	 	 	 	 	 

      

      

      

      

      

      

      [Signature Page to Indenture]

      
        
          

      

    

    
      
        
          	 	ROV INTERNATIONAL HOLDINGS LLC	 
	 	 	 	 	 
	 	
                  By:

                	/s/ Ehsan Zargar

                	 
	 	 	Name:	Ehsan Zargar

                	 
	 	 	Title:	President and Secretary 	 
	 	 	 	 	 

        

        

        

        
          	 	SALIX ANIMAL HEALTH, LLC	 
	 	 	 	 	 
	 	
                  By:

                	/s/ Ehsan Zargar

                	 
	 	 	Name:	Ehsan Zargar

                	 
	 	 	Title:	Senior Vice President, Secretary & General Counsel	 
	 	 	 	 	 

        

        

        

        
          	 	SCHULTZ COMPANY	 
	 	 	 	 	 
	 	
                  By:

                	/s/ Ehsan Zargar

                	 
	 	 	Name:	Ehsan Zargar

                	 
	 	 	Title:	Vice President

                	 
	 	 	 	 	 

        

        

        

        
          	 	SHASER, INC.	 
	 	 	 	 	 
	 	
                  By:

                	/s/ Ehsan Zargar

                	 
	 	 	Name:	Ehsan Zargar

                	 
	 	 	Title:	Secretary 	 
	 	 	 	 	 

        

        

        

        

        

        

        [Signature Page to Indenture]

        
          
            

        

      

      
        
          
            	 	SPECTRUM BRANDS PET LLC	 
	 	 	 	 	 
	 	
                    By:

                  	/s/ Ehsan Zargar

                  	 
	 	 	Name:	Ehsan Zargar

                  	 
	 	 	Title:	Vice President	 
	 	 	 	 	 

          

          

          

          
            	 	SPECTRUM BRANDS PET GROUP INC.	 
	 	 	 	 	 
	 	
                    By:

                  	/s/ Ehsan Zargar

                  	 
	 	 	Name:	Ehsan Zargar

                  	 
	 	 	Title:	Vice President and Secretary

                  	 
	 	 	 	 	 

          

          

          

          
            	 	UNITED INDUSTRIES CORPORATION	 
	 	 	 	 	 
	 	
                    By:

                  	/s/ Ehsan Zargar

                  	 
	 	 	Name:	Ehsan Zargar

                  	 
	 	 	Title:	Vice President and Assistant Secretary	 
	 	 	 	 	 

          

          

          

           

          

          

          

          [Signature Page to Indenture]

        

      

    

    
      
        

    

    
    EXHIBIT A

    

    

    [FACE OF NOTE]

    SPECTRUM BRANDS, INC.

    5.50% Senior Note Due 2030

    
      	
               

            	
               

            	
               

            	[CUSIP] [ISIN]1	
               

            	
               

            
	No.	
               

            	
               

            	[Initially]2  $	

            	
               

            

    

    

    Spectrum Brands, Inc., a Delaware corporation (the “Company”, which term includes any successor
      under the Indenture hereinafter referred to), for value received, promises to pay to ___________________, or its registered assigns, the principal sum of _________  DOLLARS ($ ________________) [or such other amount as indicated on the Schedule of
      Exchange of Notes attached hereto]3 on July 15, 2030.

    Interest Rate: 5.50% per annum.

    Interest Payment Dates: January 15 and July 15, commencing [January 15, 2021].4

    Regular Record Dates: January 1 and July 1.

    Reference is hereby made to the further provisions of this Note set forth on the reverse hereof, which will for all purposes have the same
      effect as if set forth at this place.

    

    

    

    
      	
              1

            	
              144A Cusip:   84762L AW5

              
                144A ISIN:     US84762LAW54

                
                  Reg S Cusip:  U84569 AL3

                  Reg S ISIN:    USU84569AL39

                   

                 

            

    

    

      

    
      	
              2

            	
              For Global Notes.

            

    

    
      	
              3

            	
              For Global Notes.

            

    

    
      
        
          	
                  4

                	
                  For Initial Notes only.

                

        

      

    

    
      A-1

      
        

    

    

    

    IN WITNESS WHEREOF, the Company has caused this Note to be signed electronically, manually or by facsimile by its duly authorized officers.

    Date:

    

    	 	SPECTRUM BRANDS, INC. 	 
	 	 	 	 	 
	 	
            By:

          	  	 
	 	 	Name: 

          	
            

            

          	 
	 	 	Title:

          	
            

            

          	 

    

    

    

    

    
      A-2

      
        

    

    

    

    (Form of Trustee’s Certificate of Authentication)

    This is one of the 5.50% Senior Notes due 2030 described in the Indenture referred to in this Note.

    

    

    	 	
            US BANK NATIONAL ASSOCIATION

              as Trustee

          	 
	 	
            By:

          	 	 
	 	 	
            Authorized Signatory

          	 
	 	 	 	 

    

    

    

    

    
      A-3

      
        

    

    

    

    [REVERSE SIDE OF NOTE]

    SPECTRUM BRANDS, INC.

    5.50% Senior Note Due 2030

    1.          Principal and Interest.

    The Company promises to pay the principal of this Note on July 15, 2030.

    The Company promises to pay interest on the principal amount of this Note on each interest payment date, as set forth on the face of this
      Note, at the rate of 5.50% per annum.

    Interest will be payable semiannually (to the holders of record of the Notes at the close of business on the January 1 or July 1 immediately
      preceding the Interest Payment Date) on each Interest Payment Date, commencing [January 15, 2021].1

    Interest on this Note will accrue from the most recent date to which interest has been paid on this Note (or, if there is no existing
      default in the payment of interest and if this Note is authenticated between a Regular Record Date and the next Interest Payment Date, from such Interest Payment Date) or, if no interest has been paid, from [the Issue Date].2 Interest will be computed on the basis of a 360-day year of twelve 30-day months.

    If any Interest Payment Date, the maturity date for this Note or earlier date of redemption or repurchase for this Note falls on a day that
      is not a Business Day, the required payment will be made on the next Business Day as if it were made on the date the payment was due and no interest will accrue on the amount so payable for the period from and after such Interest Payment Date,
      maturity date or date of redemption or repurchase, as the case may be.

    The Company will pay interest on overdue principal, premium, if any, and, to the extent lawful, interest at a rate per annum that is 1.0% in
      excess of 5.50%. Interest not paid when due and any interest on principal, premium or interest not paid when due will be paid to the Persons that are Holders on a special record date, which will be the 15th day preceding the date fixed by the Company
      for the payment of such interest, whether or not such day is a Business Day. At least 15 days before a special record date, the Company will send to each Holder and to the Trustee a notice that sets forth the special record date, the payment date and
      the amount of interest to be paid.

    2.          Indentures; Note Guarantee.

    This is one of the Notes issued under an Indenture dated as of June 30, 2020 (as amended from time to time, the “Indenture”), among
      the Company, the Guarantors party thereto and US Bank National Association, as Trustee. Capitalized terms used herein are used as defined in the Indenture unless otherwise indicated. The terms of the Notes include those stated in the

    
      

    
      
        	 	
                1

              	
                Include only for Initial Notes.

              

      

      
        	 	
                2

              	
                For Additional Notes, should be the date of their original issue.

              

      

    

    
      A-4

      
        

    

    Indenture and those made part of the Indenture by reference to the Trust Indenture Act. The Notes are subject to all such terms, and Holders are referred to
      the Indenture and the Trust Indenture Act for a statement of all such terms. To the extent permitted by applicable law, in the event of any inconsistency between the terms of this Note and the terms of the Indenture, the terms of the Indenture will
      control.

    The Indenture limits the original aggregate principal amount of the Notes to $300,000,000, but Additional Notes may be issued pursuant to
      the Indenture. The originally issued Notes and all such Additional Notes vote together for all purposes as a single class. This Note is guaranteed, as set forth in the Indenture.

    3.          Redemption and Repurchase; Discharge
          Prior to Redemption or Maturity.

    This Note is subject to optional redemption, and may be the subject of an Offer to Purchase, as further described in the Indenture. There is
      no sinking fund or mandatory redemption applicable to this Note.

    If the Company deposits with the Trustee money or Government Securities sufficient to pay the then outstanding principal of, premium, if
      any, and accrued interest on the Notes to redemption or maturity, the Company may in certain circumstances be discharged from the Indenture and the Notes or may be discharged from certain of its obligations under certain provisions of the Indenture.

    4.          Registered Form; Denominations;
          Transfer; Exchange.

    The Notes are in registered form without coupons in denominations of $2,000 principal amount and any multiple of $1,000 in excess thereof; provided
      that Notes may be issued in denominations of less than $2,000 solely to accommodate book-entry positions that have been created by a DTC participant in denominations of less than $2,000. A Holder may register the transfer or exchange of Notes in
      accordance with the Indenture. The Trustee may require a Holder to furnish appropriate endorsements and transfer documents and to pay any taxes and fees required by law or permitted by the Indenture. Pursuant to the Indenture, there are certain
      periods during which the Trustee will not be required to issue, register the transfer of or exchange any Note or certain portions of a Note.

    5.          Defaults and Remedies.

    If an Event of Default, as defined in the Indenture, occurs and is continuing, the Trustee or the Holders of at least 25% in principal
      amount of the then outstanding Notes may declare all the Notes to be due and payable. If a bankruptcy or insolvency default with respect to the Company occurs and is continuing, the Notes automatically become due and payable. Holders may not enforce
      the Indenture or the Notes except as provided in the Indenture. The Trustee may require indemnity satisfactory to it before it enforces the Indenture or the Notes. Subject to certain limitations, Holders of a majority in principal amount of the Notes
      then outstanding may direct the Trustee in its exercise of remedies.

    6.          Amendment and Waiver.

    
      A-5

      
        

    

    Subject to certain exceptions, the Indenture and the Notes may be amended, or default may be waived, with the consent of the Holders of a
      majority in principal amount of the outstanding Notes. Without notice to or the consent of any Holder, the Company and the Trustee may amend or supplement the Indenture or the Notes to, among other things, cure any ambiguity, defect or inconsistency
      if such amendment or supplement does not adversely affect the interests of the Holders in any material respect.

    7.          Authentication.

    This Note is not valid until the Trustee (or Authenticating Agent) signs the certificate of authentication on the other side of this Note.

    8.          Governing Law.

    This Note shall be governed by, and construed in accordance with, the laws of the State of New York.

    9.          Abbreviations.

    Customary abbreviations may be used in the name of a Holder or an assignee, such as: TEN COM (= tenants in common), TEN ENT (= tenants by
      the entireties), JT TEN (= joint tenants with right of survivorship and not as tenants in common), CUST (= Custodian) and U/G/M/A/ (= Uniform Gifts to Minors Act).

    The Company will furnish a copy of the Indenture to any Holder upon written request and without charge.

    

    

    

    
      A-6

      
        

    

    

    

    [FORM OF TRANSFER NOTICE]

    FOR VALUE RECEIVED the undersigned registered holder hereby sell(s), assign(s) and transfer(s) unto

    Insert Taxpayer Identification No.

    	 
	 
	 
	
            Please print or typewrite name and address including zip code of assignee

          

    	 
	
            the within Note and all rights thereunder, hereby irrevocably constituting and appointing

          
	 
	 
	
             

            attorney to transfer said Note on the books of the Company with full power of substitution in the premises.

          

    

    

    
      A-7

      
        

    

    

    

    [THE FOLLOWING PROVISION TO BE INCLUDED ON ALL CERTIFICATES BEARING A RESTRICTED LEGEND]

    

    

    In connection with any transfer of this Note occurring prior to ____________________, the undersigned confirms that such transfer is made
      without utilizing any general solicitation or general advertising and further as follows:

    Check One

    	
            ☐          (1) This Note is being transferred to a “qualified institutional
                buyer” in compliance with Rule 144A under the Securities Act of 1933, as amended and certification in the form of Exhibit F to the Indenture is being furnished herewith.

          
	
            ☐           (2) This Note is being transferred to a Non-U.S. Person in
                compliance with the exemption from registration under the Securities Act of 1933, as amended, provided by Regulation S thereunder, and certification in the form of Exhibit E to the Indenture is being furnished herewith.

          
	
            or

          
	
            ☐          (3) This Note is being transferred other than in accordance with
                (1) or (2) above and documents are being furnished which comply with the conditions of transfer set forth in this Note and the Indenture.

          

    

    

    If none of the foregoing boxes is checked, the Trustee is not obligated to register this Note in the name of any Person other than the
      Holder hereof unless and until the conditions to any such transfer of registration set forth herein and in the Indenture have been satisfied.

    Date: _________________

    

    

    	 	 	 
	 	
            Seller

          	 

    

    

    	 	
            By:

          	 	 

    

    

    
      	
               

            	
              NOTICE: The signature to this assignment must correspond with the name as written upon the face of the within-mentioned instrument
                in every particular, without alteration or any change whatsoever.

            

    

    

    

    
      A-8

      
        

    

    

    

    	
            Signature Guarantee:1

          	 	 	 
	 	
             

            By:

          	 	 
	 	 	
            To be executed by an executive officer

          	 

    

    

    

    

    

    

    

    1 Signatures must be guaranteed by an “eligible

        guarantor institution” meeting the requirements of the Trustee, which requirements include membership or participation in the Securities Transfer Association Medallion Program (“STAMP”) or such other “signature guarantee program” as may be determined by the Trustee in addition to, or in substitution for, STAMP,
      all in accordance with the Securities Exchange Act of 1934, as amended.

    
      A-9

      
        

    

    

    

    OPTION OF HOLDER TO ELECT PURCHASE

    If you wish to have all of this Note purchased by the Company pursuant to Section 4.11 or Section 4.12 of the Indenture,
      check the box: ☐

    If you wish to have a portion of this Note purchased by the Company pursuant to Section 4.11 or Section 4.12 of the Indenture, state the
      amount (in original principal amount) below:

    $ ________________

    Date: ____________

    Your Signature:_____________________________________

    (Sign exactly as your name appears on the other side of this Note)

    Signature Guarantee:1 ________________________________

    

    

    

    1 Signatures must be guaranteed by an “eligible guarantor institution” meeting the requirements of the Trustee, which requirements include membership or participation in the Securities Transfer Association Medallion Program (“STAMP”) or such other “signature guarantee program” as may be determined by the Trustee in addition to, or in
      substitution for, STAMP, all in accordance with the Securities Exchange Act of 1934, as amended.

    
      A-10

      
        

    

    

    

    SCHEDULE OF EXCHANGES OF NOTES1

    The following exchanges of a part of this Global Note for Certificated Notes or a part of another Global Note have been made:

    	
            
              Date of Exchange

               

            

          	 	
            
              Amount of decrease in principal amount of this Global Note

               

            

          	 	
            
              Amount of increase in principal amount of this Global Note

               

            

          	 	
            
              Principal amount of this Global Note following such decrease (or increase)

               

            

          	 	
            
              Signature of authorized officer of Trustee

               

            

          
	 	 	 	 	 	 	 	 	 

    

    

    

    

    

    

    

    

    

    1 For Global Notes

    
      A-11

      
        

    

    EXHIBIT B

    

    

    SUPPLEMENTAL INDENTURE

    dated as of ___________, _____

    among

    SPECTRUM BRANDS, INC.,

    The Guarantor(s) Party Hereto

    and

    US BANK NATIONAL ASSOCIATION,

      as Trustee

    _____________

    5.50% Senior Notes Due 2030

    

    

    
      
        

    

    
    

    

    THIS SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), entered into as of _____________, ____ among Spectrum Brands, Inc., a
      Delaware corporation (the “Company”) [insert each Guarantor executing this Supplemental Indenture and its jurisdiction of incorporation] (each an “Undersigned”) and US Bank National Association, as trustee (the “Trustee”).

    RECITALS

    WHEREAS, the Company, the Guarantors party thereto and the Trustee entered into the Indenture, dated as of June 30, 2020 (the “Indenture”),

      relating to the Company’s 5.50% Senior Notes due 2030 (the “Notes”);

    WHEREAS, as a condition to the Trustee entering into the Indenture and the purchase of the Notes by the Holders, the Company agreed pursuant
      to the Indenture to cause any existing or newly acquired or created Domestic Subsidiaries to provide Guarantees.

    AGREEMENT

    NOW, THEREFORE, in consideration of the premises and mutual covenants herein contained and intending to be legally bound, the parties to
      this Supplemental Indenture hereby agree as follows:

    Section 1. Capitalized terms used herein and not otherwise defined herein are used as defined in the Indenture.

    Section 2. Each Undersigned, by its execution of this Supplemental Indenture, agrees to be a Guarantor under the Indenture and to be bound
      by the terms of the Indenture applicable to Guarantors, including, but not limited to, Article 10 thereof.

    Section 3. This Supplemental Indenture shall be governed by and construed in accordance with the laws of the State of New York.

    Section 4. This Supplemental Indenture may be signed in various counterparts which together will constitute one and the same instrument.

    Section 5. This Supplemental Indenture is an amendment supplemental to the Indenture and the Indenture and this Supplemental Indenture will
      henceforth be read together.

    
      B-1

      
        

    

    

    

    IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly executed as of the date first above written.

    
      	 	SPECTRUM BRANDS, INC.,

              as Issuer 	 
	 	 	 	 	 
	 	
              By:

            	  	 
	 	 	Name:	
               

            	 
	 	 	Title:	
               

            	 
	 	 	 	 	 

      

      

    

    
      
        	 	[GUARANTOR]	 
	 	 	 	 	 
	 	
                By:

              	  	 
	 	 	Name:	
                 

              	 
	 	 	Title:	
                 

              	 
	 	 	 	 	 

        

        

      

    

    
      
        	 	
                US BANK NATIONAL ASSOCIATION,

                as Trustee

                 

              	 
	 	 	 	 	 
	 	
                By:

              	  	 
	 	 	Name:	
                 

              	 
	 	 	Title:	
                 

              	 
	 	 	 	 	 

        

        

      

    

    

    

    
      B-2

      
        

    

    
    EXHIBIT C

    RESTRICTED LEGEND

    THIS NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND MAY NOT BE OFFERED, SOLD, PLEDGED
      OR OTHERWISE TRANSFERRED EXCEPT IN ACCORDANCE WITH THE FOLLOWING SENTENCE. BY ITS ACQUISITION HEREOF OR OF A BENEFICIAL INTEREST HEREIN, THE ACQUIRER

    (1)          REPRESENTS THAT

    (A)          IT AND ANY ACCOUNT FOR WHICH IT IS
        ACTING IS A “QUALIFIED INSTITUTIONAL BUYER” (WITHIN THE MEANING OF RULE 144A UNDER THE SECURITIES ACT) AND THAT IT EXERCISES SOLE INVESTMENT DISCRETION WITH RESPECT TO EACH SUCH ACCOUNT,

    (B)          IT IS AN INSTITUTIONAL “ACCREDITED
        INVESTOR” (WITHIN THE MEANING OF RULE 501(a) (1), (2), (3) OR (7) UNDER THE SECURITIES ACT) (AN “INSTITUTIONAL ACCREDITED INVESTOR”) OR

    (C)          IT IS NOT A U.S. PERSON (WITHIN
        THE MEANING OF REGULATION S UNDER THE SECURITIES ACT) AND

    (2)          AGREES FOR THE BENEFIT OF THE COMPANY THAT IT WILL NOT
        OFFER, SELL, PLEDGE OR OTHERWISE TRANSFER THIS NOTE OR ANY BENEFICIAL INTEREST HEREIN, EXCEPT IN ACCORDANCE WITH THE SECURITIES ACT AND ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES AND ONLY

    (A)          TO THE COMPANY, HOLDINGS OR ANY OF
        ITS SUBSIDIARIES,

    (B)          PURSUANT TO A REGISTRATION
        STATEMENT WHICH HAS BECOME EFFECTIVE UNDER THE SECURITIES ACT,

    (C)          TO A PERSON REASONABLY BELIEVED TO
        BE A QUALIFIED INSTITUTIONAL BUYER IN COMPLIANCE WITH RULE 144A UNDER THE SECURITIES ACT,

    (D)          IN AN OFFSHORE TRANSACTION IN
        COMPLIANCE WITH RULE 904 OF REGULATION S UNDER THE SECURITIES ACT,

    (E)          IN A PRINCIPAL AMOUNT OF NOT LESS
        THAN $250,000 TO AN INSTITUTIONAL ACCREDITED INVESTOR THAT, PRIOR TO SUCH TRANSFER, DELIVERS TO THE TRUSTEE A DULY COMPLETED AND SIGNED CERTIFICATE (THE FORM OF WHICH MAY BE OBTAINED FROM THE

    
      C-1

      
        

    

    TRUSTEE) RELATING TO THE RESTRICTIONS ON TRANSFER OF THIS NOTE, OR

    (F)          PURSUANT TO AN EXEMPTION FROM
        REGISTRATION PROVIDED BY RULE 144 UNDER THE SECURITIES ACT OR ANY OTHER AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT.

    (3) REPRESENTS THAT

    (A) EITHER: (X) THE ACQUIRER IS NOT A PLAN (WHICH TERM IS DEFINED AS (I) “EMPLOYEE BENEFIT PLANS” (AS DEFINED IN SECTION
      3(3) OF ERISA) THAT ARE SUBJECT TO TITLE I OF ERISA, (II) PLANS, INDIVIDUAL RETIREMENT ACCOUNTS AND OTHER ARRANGEMENTS THAT ARE SUBJECT TO SECTION 4975 OF THE CODE, OR TO PROVISIONS UNDER SIMILAR LAWS AND (III) ENTITIES THE UNDERLYING ASSETS OF WHICH
      ARE CONSIDERED TO INCLUDE “PLAN ASSETS” OF SUCH PLANS, ACCOUNTS AND ARRANGEMENTS) AND IT IS NOT PURCHASING THIS NOTE ON BEHALF OF, OR WITH THE “PLAN ASSETS” OF, ANY PLAN; OR (Y) THE PURCHASE, HOLDING AND SUBSEQUENT DISPOSITION OF THIS NOTE EITHER (I)
      ARE NOT A PROHIBITED TRANSACTION UNDER ERISA OR THE CODE AND ARE OTHERWISE PERMISSIBLE UNDER ALL APPLICABLE SIMILAR LAWS OR (II) ARE ENTITLED TO EXEMPTIVE RELIEF FROM THE PROHIBITED TRANSACTION PROVISIONS OF ERISA AND THE CODE IN ACCORDANCE WITH ONE
      OR MORE AVAILABLE STATUTORY, CLASS OR INDIVIDUAL PROHIBITED TRANSACTION EXEMPTIONS AND ARE OTHERWISE PERMISSIBLE UNDER ALL APPLICABLE SIMILAR LAWS.

    PRIOR TO THE REGISTRATION OF ANY TRANSFER IN ACCORDANCE WITH (2)(C) ABOVE OR (2)(D) ABOVE, A DULY COMPLETED AND SIGNED CERTIFICATE (THE FORM OF WHICH MAY BE
      OBTAINED FROM THE TRUSTEE) MUST BE DELIVERED TO THE TRUSTEE. PRIOR TO THE REGISTRATION OF ANY TRANSFER IN ACCORDANCE WITH (2)(E) OR (F) ABOVE, THE COMPANY RESERVES THE RIGHT TO REQUIRE THE DELIVERY OF SUCH LEGAL OPINIONS, CERTIFICATIONS OR OTHER
      EVIDENCE AS MAY REASONABLY BE REQUIRED IN ORDER TO DETERMINE THAT THE PROPOSED TRANSFER IS BEING MADE IN COMPLIANCE WITH THE SECURITIES ACT AND APPLICABLE STATE SECURITIES LAWS. NO REPRESENTATION OR WARRANTY IS MADE AS TO THE AVAILABILITY OF ANY RULE
      144 EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT.

    

    

    
      C-2

      
        

    

    
    EXHIBIT D

    DTC LEGEND

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

    TRANSFERS OF THIS GLOBAL NOTE ARE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF CEDE & CO. OR TO A SUCCESSOR THEREOF OR
      SUCH SUCCESSOR’S NOMINEE AND TRANSFERS OF PORTIONS OF THIS GLOBAL NOTE ARE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE TRANSFER PROVISIONS OF THE INDENTURE.

    

    

    
      D-1

      
        

    

    
    EXHIBIT E

    Regulation S Certificate

    _____________, ______

    US Bank National Association

      333 Commerce Street, Suite 800

      Nashville, Tennessee 37201

      Attention: Corporate Trust Services

    
      
        	

              	Re:	
                Spectrum Brands, Inc.

                  5.50% Senior Notes due 2030

                  (the “Notes”) Issued under the Indenture (the “Indenture”) dated as

                  of June 30, 2020 relating to the Notes

              

      

    

    Ladies and Gentlemen:

    Terms are used in this Certificate as used in Regulation S (“Regulation S”) under the Securities Act of 1933, as amended (the “Securities

        Act”), except as otherwise stated herein.

    [CHECK A OR B AS APPLICABLE.]

    	
            ☐          A.

          	
            This Certificate relates to our proposed transfer of $____________ principal amount of Notes issued under the Indenture. We hereby certify as follows:

          
	 	 
	 	1.	
            The offer and sale of the Notes was not and will not be made to a person in the United States (unless such person is excluded from the definition of “U.S.
                person” pursuant to Rule 902(k)(2)(vi) or the account held by it for which it is acting is excluded from the definition of “U.S. person” pursuant to Rule 902(k)(2)(i) under the circumstances described in Rule 902(h)(3)).and such offer and
                sale was not and will not be specifically targeted at an identifiable group of U.S. citizens abroad.

          
	 	 	 
	 	2.	
            Unless the circumstances described in the parenthetical in paragraph 1 above are applicable, either (a) at the time the buy order was originated, the buyer
                was outside the United States or we and any person acting on our behalf reasonably believed that the buyer was outside the United States or (b) the transaction was executed in, on or through the facilities of a designated offshore
                securities market, and neither we nor any person acting on our behalf knows that the transaction was pre-arranged with a buyer in the United States.

          

    

    

    
      E-1

      
        

    

    

    

    	 	3.	
            Neither we, any of our affiliates, nor any person acting on our or their behalf has made any directed selling efforts in the United States with respect to the
                Notes.

          
	 	 	 
	 	4.

          	
            The proposed transfer of Notes is not part of a plan or scheme to evade the registration requirements of the Securities Act.

          
	 	 	 
	 	5.	
            If we are a dealer or a person receiving a selling concession, fee or other remuneration in respect of the Notes, and the proposed transfer takes place during
                the Restricted Period (as defined in the Indenture), or we are an officer or director of the Company or an Initial Purchaser (as defined in the Indenture), we certify that the proposed transfer is being made in accordance with the
                provisions of Rule 904(b) of Regulation S.

          
	 	 	 
	
            ☐          B.

          	This Certificate relates to our proposed exchange of $__________ principal amount of Notes issued under the Indenture for an equal principal amount of Notes to be held by us. We
            hereby certify as follows:  
	 	 	 
	 	1.	
            At the time the offer and sale of the Notes was made to us, either (i) we were not in the United States or (ii) we were excluded from the definition of “U.S.
                person” pursuant to Rule 902(k)(2)(vi) or the account held by us for which we were acting was excluded from the definition of “U.S. person” pursuant to Rule 902(k)(2)(i) under the circumstances described in Rule 902(h)(3); and we were not a
                member of an identifiable group of U.S. citizens abroad.

          
	 	 	 
	 	2.	
            Unless the circumstances described in paragraph 1(ii) above are applicable, either (a) at the time our buy order was originated, we were outside the United
                States or (b) the transaction was executed in, on or through the facilities of a designated offshore securities market and we did not pre-arrange the transaction in the United States.

          
	 	 	 
	 	3.	
            The proposed exchange of Notes is not part of a plan or scheme to evade the registration requirements of the Securities Act.

          

    

    

    
      E-2

      
        

    

    

    

    You and the Company are entitled to rely upon this Certificate and are irrevocably authorized to produce this Certificate or a copy hereof
      to any interested party in any administrative or legal proceeding or official inquiry with respect to the matters covered hereby.

    	 	
            Very truly yours, 

            

             

            

          	 
	 	
            [NAME OF SELLER (FOR TRANSFERS)

                 OR OWNER (FOR EXCHANGES)]

             

            

          	 
	 	
            By:

          	 	 
	 	 	
            Name:

          	 
	 	 	
            Title:

          	 
	 	 	
            Address:

          	 

    

    

    

    

    Date: _______________

    

    

    
      E-3

      
        

    

    
    EXHIBIT F

    Rule 144A Certificate

      

    

    US Bank National Association

      333 Commerce Street, Suite 800

      Nashville, Tennessee 37201

      Attention: Corporate Trust Services

    
      
        	

              	Re:	
                Spectrum Brands, Inc.

                  5.50% Senior Notes due 2030

                  (the “Notes”) Issued under the Indenture (the “Indenture”) dated as

                  of June 30, 2020 relating to the Notes

              

      

    

    Ladies and Gentlemen:

     TO BE COMPLETED BY PURCHASER IF (1) ON THE NOTE IS CHECKED.

     This Certificate relates to:

    [CHECK A OR B AS APPLICABLE.]

    	 	
            ☐          A.

          	
            Our proposed purchase of $__________ principal amount of Notes issued under the Indenture.

          
	 	 	 
	 	
            ☐          B.

          	
            Our proposed exchange of $__________ principal amount of Notes issued under the Indenture for an equal principal amount of Notes to be held by us.

          

    

    

    We and, if applicable, each account for which we are acting in the aggregate owned and invested more than $100,000,000 in securities of
      issuers that are not affiliated with us (or such accounts, if applicable), as of ___________, 20__, which is a date on or since close of our most recent fiscal year. We and, if applicable, each account for which we are acting, are a qualified
      institutional buyer within the meaning of Rule 144A (“Rule 144A”) under the Securities Act of 1933, as amended (the “Securities Act”). If we are acting on behalf of an account, we exercise sole investment discretion with respect to such account. We
      are aware that the transfer of Notes to us, or such exchange, as applicable, is being made in reliance upon the exemption from the provisions of Section 5 of the Securities Act provided by Rule 144A. Prior to the date of this Certificate we have
      received such information regarding the Company as we have requested pursuant to Rule 144A(d)(4) or have determined not to request such information.

    
      F-1

      
        

    

    

    

    You and the Company are entitled to rely upon this Certificate and are irrevocably authorized to produce this Certificate or a copy hereof
      to any interested party in any administrative or legal proceeding or official inquiry with respect to the matters covered hereby.

    	 	
            Very truly yours,

          	 
	 	
            [NAME OF PURCHASER (FOR

                 TRANSFERS) OR OWNER (FOR

                 EXCHANGES)]

          	 
	 	 	 
	 	
            By:

          	 	 
	 	 	
            Name:

          	 
	 	 	
            Title:

          	 
	 	 	
            Address:

          	 

    

    

    Date: _______________

    

    

    
      F-2

      
        

    

    
    EXHIBIT G

    Institutional Accredited Investor Certificate

    

    

    US Bank National Association

      333 Commerce Street, Suite 800

      Nashville, Tennessee 37201

      Attention: Corporate Trust Services

    
      
        	

              	Re:	
                Spectrum Brands, Inc.

                  5.50% Senior Notes due 2030

                  (the “Notes”) Issued under the Indenture (the “Indenture”) dated as

                  of June 30, 2020 relating to the Notes

              

      

    

    Ladies and Gentlemen:

    This Certificate relates to:

    [CHECK A OR B AS APPLICABLE.]

    	
            ☐          A.

          	
            Our proposed purchase of $__________ principal amount of Notes issued under the Indenture.

          
	 	 
	
            ☐          B.

          	
            Our proposed exchange of $__________ principal amount of Notes issued under the Indenture for an equal principal amount of Notes to be held by us.

          
	 	 
	 	
            We hereby confirm that:

          
	 	 
	 	1.	
            We are an institutional “accredited investor” within the meaning of Rule 501(a)(l), (2), (3) or (7) under the Securities Act of 1933, as amended (the
                “Securities Act”) (an “Institutional Accredited Investor”).

          
	 	 	 
	 	2.	
            Any acquisition of Notes by us will be for our own account or for the account of one or more other Institutional Accredited Investors as to which we exercise
                sole investment discretion.

          
	 	 	 
	 	3.	
            We have such knowledge and experience in financial and business matters that we are capable of evaluating the merits and risks of an investment in the Notes
                and we and any accounts for which we are acting are able to bear the economic risks of and an entire loss of our or their investment in the Notes.

          
	 	 	 
	 	4.	
            We are not acquiring the Notes with a view to any distribution thereof in a transaction that would violate the Securities Act or the securities laws of any
                State of the United States or any other applicable jurisdiction; provided that the disposition of our property and the property of any 

              

          

    

    

    
      G-1

      
        

    

    

    

    	 	 	accounts for which we are acting as fiduciary will remain at all times within our and their control.
	 	 	 
	 	5.	
            We acknowledge that the Notes have not been registered under the Securities Act and that the Notes may not be offered or sold within the United States or to
                or for the benefit of U.S. persons except as set forth below.

          
	 	 	 
	 	6.	
            The principal amount of Notes to which this Certificate relates is at least equal to $250,000.

          

    

    

    We agree for the benefit of the Company, on our own behalf and on behalf of each account for which we are acting, that such Notes may be
      offered, sold, pledged or otherwise transferred only in accordance with the Securities Act and any applicable securities laws of any State of the United States and only (a) to the Company, Holdings or any of their respective subsidiaries, (b)
      pursuant to a registration statement which has become effective under the Securities Act, (c) to a qualified institutional buyer in compliance with Rule 144A under the Securities Act, (d) in an offshore transaction in compliance with Rule 904 of
      Regulation S under the Securities Act, (e) in a principal amount of not less than $250,000, to an Institutional Accredited Investor that, prior to such transfer, delivers to the Trustee a duly completed and signed certificate (the form of which may
      be obtained from the Trustee) relating to the restrictions on transfer of the Notes or (f) pursuant to an exemption from registration provided by Rule 144 under the Securities Act or any other available exemption from the registration requirements of
      the Securities Act.

    Prior to the registration of any transfer in accordance with (c) or (d) above, we acknowledge that a duly completed and signed certificate
      (the form of which may be obtained from the Trustee) must be delivered to the Trustee. Prior to the registration of any transfer in accordance with (e) or (f) above, we acknowledge that the Company reserves the right to require the delivery of such
      legal opinions, certifications or other evidence as may reasonably be required in order to determine that the proposed transfer is being made in compliance with the Securities Act and applicable state securities laws. We acknowledge that no
      representation is made as to the availability of any Rule 144 exemption from the registration requirements of the Securities Act.

    We understand that the Trustee will not be required to accept for registration of transfer any Notes acquired by us, except upon
      presentation of evidence satisfactory to the Company and the Trustee that the foregoing restrictions on transfer have been complied with. We further understand that the Notes acquired by us will be in the form of definitive physical certificates and
      that such certificates will bear a legend reflecting the substance of the preceding paragraph. We further agree to provide to any person acquiring any of the Notes from us a notice advising such person that resales of the Notes are restricted as
      stated herein and that certificates representing the Notes will bear a legend to that effect.

    
      G-2

      
        

    

    We agree to notify you promptly in writing if any of our acknowledgments, representations or agreements herein ceases to be accurate and
      complete.

    We represent to you that we have full power to make the foregoing acknowledgments, representations and agreements on our own behalf and on
      behalf of any account for which we are acting.

    You and the Company are entitled to rely upon this Certificate and are irrevocably authorized to produce this Certificate or a copy hereof
      to any interested party in any administrative or legal proceeding or official inquiry with respect to the matters covered hereby.

    
      	 	
              Very truly yours,

            	 
	 	
              [NAME OF PURCHASER (FOR

                   TRANSFERS) OR OWNER (FOR

                   EXCHANGES)]

            	 
	 	 	 
	 	
              By:

            	 	 
	 	 	
              Name:

            	 
	 	 	
              Title:

            	 
	 	 	
              Address:

            	 

      

      

    

    Date: _______________

    
      G-3

      
        

    

    

    

    Upon transfer, the Notes would be registered in the name of the new beneficial owner as follows:

  

  
    	By:	 	
             

          	 
	 	 	 	 
	Date:	 	
             

          	 
	 	 	 	 
	Taxpayer ID number: 	
             

          	 

    

    

    
      G-4

      
        

    

    
    EXHIBIT H

    [COMPLETE FORM I OR FORM II AS APPLICABLE.]

    [FORM I]

    Certificate of Beneficial Ownership

    
      
        	To:	
                US Bank National Association

                  333 Commerce Street, Suite 800

                  Nashville, Tennessee 37201

                  Attention: Corporate Trust Services OR

              

      

    

    [Name of DTC Participant]

    
      
        	

              	Re:	
                Spectrum Brands, Inc.

                  5.50% Senior Notes due 2030

                  (the “Notes”) Issued under the Indenture (the “Indenture”) dated as

                  of June 30, 2030 relating to the Notes

              

      

    

    Ladies and Gentlemen:

    We are the beneficial owner of $________ principal amount of Notes issued under the Indenture and represented by a Temporary Offshore Global
      Note (as defined in the Indenture).

    We hereby certify as follows:

    [CHECK A OR B AS APPLICABLE.]

    	 	
            ☐          A.

          	
            We are a non-U.S. person (within the meaning of Regulation S under the Securities Act of 1933, as amended).

          
	 	
            ☐          B.

          	
            We are a U.S. person (within the meaning of Regulation S under the Securities Act of 1933, as amended) that purchased the Notes in a transaction that did not require
              registration under the Securities Act of 1933, as amended.

          

    

    

    You and the Company are entitled to rely upon this Certificate and are irrevocably authorized to produce this Certificate or a copy hereof
      to any interested party in any administrative or legal proceeding or official inquiry with respect to the matters covered hereby.

    
      H-1-1

      
        

    

    

    

    
      
        	 	
                Very truly yours,

              	 
	 	
                
                  [NAME OF BENEFICIAL OWNER]

                

              	 
	 	 	 
	 	
                By:

              	 	 
	 	 	
                Name:

              	 
	 	 	
                Title:

              	 
	 	 	
                Address:

              	 

      

    

    

    Date: _______________

    

    

    
      H-1-2

      
        

    

    
    [FORM II]

    Certificate of Beneficial Ownership

    
      
        	To:	
                US Bank National Association

                  333 Commerce Street, Suite 800

                  Nashville, Tennessee 37201

                  Attention: Corporate Trust Services

              

      

    

    
      
        	Re:	
                Spectrum Brands, Inc.

                  5.50% Senior Notes, due 2030 (the “Notes”)

                  Issued under the Indenture (the “Indenture”) dated

                  as of June 30, 2020 relating to the Notes

              

      

    

    Ladies and Gentlemen:

    This is to certify that based solely on certifications we have received in writing, by tested telex or by electronic transmission from
      Institutions appearing in our records as persons being entitled to a portion of the principal amount of Notes represented by a Temporary Offshore Global Note issued under the above-referenced Indenture, that as of the date hereof, $__________
      principal amount of Notes represented by the Temporary Offshore Global Note being submitted herewith for exchange is beneficially owned by persons that are either (i) non-U.S. persons (within the meaning of Regulation S under the Securities Act of
      1933, as amended) or (ii) U.S. persons that purchased the Notes in a transaction that did not require registration under the Securities Act of 1933, as amended.

    We further certify that (i) we are not submitting herewith for exchange any portion of such Temporary Offshore Global Note excepted in such
      certifications and (ii) as of the date hereof we have not received any notification from any Institution to the effect that the statements made by such Institution with respect to any portion of such Temporary Offshore Global Note submitted herewith
      for exchange are no longer true and cannot be relied upon as of the date hereof.

    
      H-2-1

      
        

    

    

    

    You and the Company are entitled to rely upon this Certificate and are irrevocably authorized to produce this Certificate or a copy hereof
      to any interested party in any administrative or legal proceeding or official inquiry with respect to the matters covered hereby.

    
      
        
          	 	
                  Very truly yours,

                	 
	 	 	 
	 	
                  
                    
                      [NAME OF DTC PARTICIPANT]

                    

                  

                	 
	 	 	 
	 	
                  By:

                	 	 
	 	 	
                  Name:

                	 
	 	 	
                  Title:

                	 
	 	 	
                  Address:

                	 

        

      

    

    

    

    Date: _______________

    

    

    
      H-2-2

      
        

    

    EXHIBIT I

    THIS NOTE IS A TEMPORARY GLOBAL NOTE. PRIOR TO THE EXPIRATION OF THE RESTRICTED PERIOD APPLICABLE HERETO, BENEFICIAL INTERESTS HEREIN MAY NOT BE HELD BY ANY
      PERSON OTHER THAN (1) A NON-U.S. PERSON OR (2) A U.S. PERSON THAT PURCHASED SUCH INTEREST IN A TRANSACTION EXEMPT FROM REGISTRATION UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”). BENEFICIAL INTERESTS HEREIN ARE NOT
      EXCHANGEABLE FOR PHYSICAL NOTES OTHER THAN A PERMANENT GLOBAL NOTE IN ACCORDANCE WITH THE TERMS OF THE INDENTURE. TERMS IN THIS LEGEND ARE USED AS USED IN REGULATION S UNDER THE SECURITIES ACT.

    NO BENEFICIAL OWNERS OF THIS TEMPORARY GLOBAL NOTE SHALL BE ENTITLED TO RECEIVE PAYMENT OF PRINCIPAL OR INTEREST HEREON UNTIL SUCH BENEFICIAL INTEREST IS
      EXCHANGED OR TRANSFERRED FOR AN INTEREST IN ANOTHER NOTE

    

    

  

  
    

    

    

    

    

    

    I-1EXHIBIT 10.1

  

   

  

  Execution Version

  

  

  

  
    AMENDED AND RESTATED CREDIT AGREEMENT

      

      dated as of June 23, 2015,

    as amended and restated on June 30, 2020

        

        among

        

        SPECTRUM BRANDS, INC.

        as the Lead Borrower,

        

        SB/RH HOLDINGS, LLC,

        as Holdings

        

        THE LENDERS PARTY HERETO

        

        and

        

        ROYAL BANK OF CANADA

        as Administrative Agent and Collateral Agent

        

        and

        

        ROYAL BANK OF CANADA, JPMORGAN CHASE BANK, N.A. and BANK OF AMERICA, N.A.

        as Issuing Banks

      

    

    and

    

      RBC CAPITAL MARKETS*,

      J.P. MORGAN SECURITIES LLC, CREDIT SUISSE SECURITIES (USA) LLC and

    BARCLAYS BANK PLC

      as Joint Bookrunners and Joint Lead Arrangers

    and

    JPMORGAN CHASE BANK, N.A.

      as Documentation Agent

    and

    ROYAL BANK OF CANADA

    as Syndication Agent

    
      

      

      

      

    

    

    

    

    * RBC Capital Markets is a brand name for the capital markets business of Royal Bank of
      Canada and its affiliates.

    
      
        

    

    
    
      TABLE OF CONTENTS

      

      

      Page

    

    
      	
              ARTICLE 1

            	 
	
              DEFINITIONS

            	 
	 	 	 
	
              Section 1.01

            	
              Defined Terms

            	
              1

            
	
              Section 1.02

            	
              Classification of Loans and Borrowings

            	
              53

            
	
              Section 1.03

            	
              Terms Generally

            	
              53

            
	
              Section 1.04

            	
              Accounting Terms; GAAP.

            	
              53

            
	
              Section 1.05

            	
              Effectuation of Transactions

            	
              54

            
	
              Section 1.06

            	
              Timing of Payment of Performance

            	
              55

            
	
              Section 1.07

            	
              Times of Day

            	
              55

            
	
              Section 1.08

            	
              Additional Alternative Currencies.

            	
              55

            
	
              Section 1.09

            	
              Currency Generally.

            	
              55

            
	
              Section 1.10

            	
              Cashless Rollovers

            	
              56

            
	
              Section 1.11

            	
              Certain Calculations and Tests.

            	
              56

            
	
              Section 1.12

            	
              Rounding

            	
              57

            
	
              Section 1.13

            	
              Available Amount Threshold

            	
              57

            
	
              Section 1.14

            	
              Divisions

            	
              57

            
	 	 	 
	
              ARTICLE 2

            	 
	
              THE CREDITS

            	 
	
              Section 2.01

            	
              Commitments.

            	
              57

            
	
              Section 2.02

            	
              Loans and Borrowings.

            	
              58

            
	
              Section 2.03

            	
              Requests for Borrowings

            	
              59

            
	
              Section 2.04

            	
              [Reserved].

            	
              60

            
	
              Section 2.05

            	
              Letters of Credit.

            	
              60

            
	
              Section 2.06

            	
              [Reserved].

            	
              68

            
	
              Section 2.07

            	
              Funding of Borrowings.

            	
              68

            
	
              Section 2.08

            	
              Type; Interest Elections.

            	
              68

            
	
              Section 2.09

            	
              Termination and Reduction of Commitments.

            	
              69

            
	
              Section 2.10

            	
              Repayment of Loans; Evidence of Debt.

            	
              70

            
	
              Section 2.11

            	
              Prepayment of Loans.

            	
              71

            
	
              Section 2.12

            	
              Fees.

            	
              72

            
	
              Section 2.13

            	
              Interest.

            	
              73

            
	
              Section 2.14

            	
              Alternate Rate of Interest

            	
              75

            
	
              Section 2.15

            	
              Increased Costs.

            	
              76

            
	
              Section 2.16

            	
              Break Funding Payments

            	
              77

            
	
              Section 2.17

            	
              Taxes.

            	
              78

            

      

      

      

      

      
        -i-

        
          

      

      

      

      

      

      	
              Section 2.18

            	
              Payments Generally; Allocation of Proceeds; Sharing of Payments.

            	
              81

            
	
              Section 2.19

            	
              Mitigation Obligations; Replacement of Lenders.

            	
              83

            
	
              Section 2.20

            	
              Illegality.

            	
              84

            
	
              Section 2.21

            	
              Defaulting Lenders

            	
              85

            
	
              Section 2.22

            	
              Incremental Credit Extensions.

            	
              87

            
	
              Section 2.23

            	
              Extensions of Loans and Revolving Commitments.

            	
              92

            
	
              Section 2.24

            	
              Lead Borrower as Borrower Representative

            	
              94

            
	
              Section 2.25

            	
              Currency Equivalents.

            	
              94

            
	
              Section 2.26

            	
              Ancillary Facilities.

            	
              94

            
	
              Section 2.27

            	
              Benchmark Replacement.

            	
              99

            
	 	 	 
	
              ARTICLE 3

            	 
	
              REPRESENTATIONS AND WARRANTIES

            	 
	
              Section 3.01

            	
              Organization; Powers

            	
              100

            
	
              Section 3.02

            	
              Authorization; Enforceability

            	
              100

            
	
              Section 3.03

            	
              Governmental Approvals; No Conflicts

            	
              100

            
	
              Section 3.04

            	
              Financial Condition; No Material Adverse Effect.

            	
              100

            
	
              Section 3.05

            	
              Properties; Intellectual Property.

            	
              101

            
	
              Section 3.06

            	
              Litigation and Environmental Matters.

            	
              101

            
	
              Section 3.07

            	
              Compliance with Laws

            	
              101

            
	
              Section 3.08

            	
              Investment Company Status

            	
              102

            
	
              Section 3.09

            	
              Taxes

            	
              102

            
	
              Section 3.10

            	
              ERISA.

            	
              102

            
	
              Section 3.11

            	
              Disclosure.

            	
              102

            
	
              Section 3.12

            	
              Solvency

            	
              102

            
	
              Section 3.13

            	
              Capitalization and Subsidiaries

            	
              103

            
	
              Section 3.14

            	
              Security Interest in Collateral

            	
              103

            
	
              Section 3.15

            	
              Labor Disputes

            	
              103

            
	
              Section 3.16

            	
              Federal Reserve Regulations.

            	
              103

            
	
              Section 3.17

            	
              Economic and Trade Sanctions and Anti-Corruption Laws.

            	
              103

            
	
              Section 3.18

            	
              Senior Indebtedness

            	
              104

            
	
              Section 3.19

            	
              Use of Proceeds

            	
              104

            
	
              Section 3.20

            	
              Insurance

            	
              104

            
	
              Section 3.21

            	
              Central Administration; COMI

            	
              104

            
	 	 	 
	
              ARTICLE 4

            	 
	
              CONDITIONS

            	 
	
              Section 4.01

            	
              Closing Date

            	
              104

            

      

      

      

      

      
        -ii-

        
          

      

      

      

      	
              Section 4.02

            	
              Each Credit Extension

            	
              106

            
	 	 	 
	
              ARTICLE 5

            	 
	
              AFFIRMATIVE COVENANTS

            	 
	
              Section 5.01

            	
              Financial Statements and Other Reports

            	
              106

            
	
              Section 5.02

            	
              Existence

            	
              109

            
	
              Section 5.03

            	
              Payment of Taxes

            	
              109

            
	
              Section 5.04

            	
              Maintenance of Properties

            	
              109

            
	
              Section 5.05

            	
              Insurance

            	
              109

            
	
              Section 5.06

            	
              Inspections

            	
              110

            
	
              Section 5.07

            	
              Maintenance of Book and Records

            	
              110

            
	
              Section 5.08

            	
              Compliance with Laws

            	
              110

            
	
              Section 5.09

            	
              Environmental.

            	
              110

            
	
              Section 5.10

            	
              Designation of Subsidiaries

            	
              110

            
	
              Section 5.11

            	
              Use of Proceeds

            	
              111

            
	
              Section 5.12

            	
              Covenant to Guarantee Obligations and Give Security.

            	
              111

            
	
              Section 5.13

            	
              Maintenance of Ratings

            	
              112

            
	
              Section 5.14

            	
              [Reserved].

            	
              112

            
	
              Section 5.15

            	
              Further Assurances

            	
              112

            
	
              Section 5.16

            	
              Closing Date Post-Closing Deliverables

            	
              113

            
	 	 	 
	
              ARTICLE 6

            	 
	
              NEGATIVE COVENANTS

            	 
	
              Section 6.01

            	
              Indebtedness

            	
              113

            
	
              Section 6.02

            	
              Liens

            	
              119

            
	
              Section 6.03

            	
              No Further Negative Pledges

            	
              122

            
	
              Section 6.04

            	
              Restricted Payments; Certain Payments of Indebtedness.

            	
              123

            
	
              Section 6.05

            	
              Restrictions on Subsidiary Distributions

            	
              128

            
	
              Section 6.06

            	
              Investments

            	
              129

            
	
              Section 6.07

            	
              Fundamental Changes; Disposition of Assets

            	
              133

            
	
              Section 6.08

            	
              [Reserved]

            	
              136

            
	
              Section 6.09

            	
              Transactions with Affiliates

            	
              136

            
	
              Section 6.10

            	
              Conduct of Business

            	
              137

            
	
              Section 6.11

            	
              Amendments or Waivers of Organizational Documents

            	
              138

            
	
              Section 6.12

            	
              Amendments of or Waivers with Respect to Certain Agreements

            	
              138

            
	
              Section 6.13

            	
              Fiscal Year

            	
              138

            
	
              Section 6.14

            	
              Permitted Activities of Holdings

            	
              138

            
	
              Section 6.15

            	
              Financial Covenant.

            	
              139

            

      

      

      

      

      
        -iii-

        
          

      

      

      

      	
              Section 6.16

            	
              Center of Main Interests

            	
              140

            
	 	 	 
	
              ARTICLE 7

            	 
	
              EVENTS OF DEFAULT

            	 
	
              Section 7.01

            	
              Events of Default

            	
              140

            
	 	 	 
	
              ARTICLE 8

            	 
	
              THE ADMINISTRATIVE AGENT

            	 
	 	 	 
	
              ARTICLE 9

            	 
	
              MISCELLANEOUS

            	 
	
              Section 9.01

            	
              Notices.

            	
              149

            
	
              Section 9.02

            	
              Waivers; Amendments.

            	
              150

            
	
              Section 9.03

            	
              Expenses; Indemnity.

            	
              155

            
	
              Section 9.04

            	
              Waiver of Claim

            	
              156

            
	
              Section 9.05

            	
              Successors and Assigns.

            	
              156

            
	
              Section 9.06

            	
              Survival

            	
              161

            
	
              Section 9.07

            	
              Counterparts; Integration; Effectiveness

            	
              162

            
	
              Section 9.08

            	
              Severability

            	
              162

            
	
              Section 9.09

            	
              Right of Setoff

            	
              162

            
	
              Section 9.10

            	
              Governing Law; Jurisdiction; Consent to Service of Process.

            	
              163

            
	
              Section 9.11

            	
              Waiver of Jury Trial

            	
              163

            
	
              Section 9.12

            	
              Headings

            	
              164

            
	
              Section 9.13

            	
              Confidentiality

            	
              164

            
	
              Section 9.14

            	
              No Fiduciary Duty

            	
              165

            
	
              Section 9.15

            	
              Several Obligations

            	
              165

            
	
              Section 9.16

            	
              USA PATRIOT Act

            	
              165

            
	
              Section 9.17

            	
              Disclosure

            	
              165

            
	
              Section 9.18

            	
              Appointment for Perfection

            	
              165

            
	
              Section 9.19

            	
              Interest Rate Limitation

            	
              165

            
	
              Section 9.20

            	
              Judgment Currency

            	
              166

            
	
              Section 9.21

            	
              Conflicts

            	
              166

            
	
              Section 9.22

            	
              Release of Guarantors

            	
              166

            
	
              Section 9.23

            	
              Reaffirmation

            	
              166

            
	
              Section 9.24

            	
              Acknowledgement and Consent to Bail-In of Affected Financial Institutions

            	
              167

            
	
              Section 9.25

            	
              Acknowledgement Regarding Any Supported QFCs

            	
              167

            
	
              Section 9.26

            	
              ERISA Representation of the Lenders

            	
              167

            

    

     

    

    
      -iv-

      
        

    

    
      	
              SCHEDULES:

            	 	 
	 	 	 
	
              Schedule 1.01(a)

            	
              —

            	
              Commitment Schedule

            
	
              Schedule 1.01(b)-I

            	
              —

            	
              Existing Dollar Letters of Credit

            
	
              Schedule 1.01(b)-II

            	
              —

            	
              Existing Multicurrency Letters of Credit

            
	
              Schedule 3.05

            	
              —

            	
              Fee Owned Material Real Estate Assets

            
	
              Schedule 3.13

            	
              —

            	
              Subsidiaries

            
	
              Schedule 5.10

            	
              —

            	
              Unrestricted Subsidiaries

            
	
              Schedule 5.16

            	
              —

            	
              Closing Date Post-Closing Deliverables

            
	
              Schedule 6.01

            	
              —

            	
              Existing Indebtedness

            
	
              Schedule 6.02

            	
              —

            	
              Existing Liens

            
	
              Schedule 6.06

            	
              —

            	
              Existing Investments

            
	
              Schedule 6.07

            	
              —

            	
              Certain Dispositions

            
	
              Schedule 6.09

            	
              —

            	
              Affiliate Transactions

            
	 	 	 
	
              EXHIBITS:

            	 	 
	 	 	 
	
              Exhibit A-1

            	
              —

            	
              Form of Assignment and Assumption

            
	
              Exhibit A-2

            	
              —

            	
              [Reserved]

            
	
              Exhibit B

            	
              —

            	
              Form of Borrowing Request

            
	
              Exhibit C

            	
              —

            	
              Form of Compliance Certificate

            
	
              Exhibit D

            	
              —

            	
              Form of Interest Election Request

            
	
              Exhibit E

            	
              —

            	
              Form of Perfection Certificate

            
	
              Exhibit F

            	
              —

            	
              Form of Perfection Certificate Supplement

            
	
              Exhibit G

            	
              —

            	
              Form of Promissory Note

            
	
              Exhibit H

            	
              —

            	
              Form of Prepayment Notice

            
	
              Exhibit I

            	
              —

            	
              Form of Guaranty Agreement

            
	
              Exhibit J

            	
              —

            	
              Form of Security Agreement

            
	
              Exhibit K

            	
              —

            	
              Form of Letter of Credit Request

            
	
              Exhibit L-1

            	
              —

            	
              Form of U.S. Tax Compliance Certificate (For Foreign Lenders That Are Not Partnerships For U.S. Federal Income Tax Purposes)

            
	
              Exhibit L-2

            	
              —

            	
              Form of U.S. Tax Compliance Certificate (For Foreign Participants That Are Not Partnerships For U.S. Federal Income Tax Purposes)

            
	
              Exhibit L-3

            	
              —

            	
              Form of U.S. Tax Compliance Certificate (For Foreign Participants That Are Partnerships For U.S. Federal Income Tax Purposes)

            
	
              Exhibit L-4

            	
              —

            	
              Form of U.S. Tax Compliance Certificate (For Foreign Lenders That Are Partnerships For U.S. Federal Income Tax Purposes)

            
	
              Exhibit M

            	
              —

            	
              Form of Solvency Certificate

            
	
              Exhibit N

            	
              —

            	
              Form of Pari First Lien Intercreditor Agreement

            
	
              Exhibit O

            	
              —

            	
              Form of First Lien/Second Lien Intercreditor Agreement

            

    

    

    
      -v-

      
        

    

    CREDIT AGREEMENT

    AMENDED AND RESTATED CREDIT AGREEMENT dated as of June 23, 2015 as amended and restated as of June 30, 2020 (the “Agreement”) by and among SPECTRUM BRANDS, INC., a Delaware corporation (the “Lead Borrower”), SB/RH HOLDINGS, LLC, a Delaware limited liability company (“Holdings”), the Lenders (such term and each other capitalized term used but not defined in this introductory statement having the meaning given to it in Article I), ROYAL BANK OF CANADA (“Royal Bank”), in its capacities as administrative agent for the Lenders (in such capacity, including any successor thereto, the “Administrative Agent”), as collateral agent
      for the Lenders (in such capacity, including any successor thereto, the “Collateral Agent”), and ROYAL BANK OF CANADA, JPMORGAN CHASE BANK, N.A. (“JPM”) and BANK OF
      AMERICA, N.A. (“BofA”), each as an Issuing Bank.

    RECITALS

    A.          The Lead Borrower has requested that,
        immediately upon (or contemporaneously with) the satisfaction in full of the applicable conditions precedent set forth in Section 4.01 below, the initial Revolving Lenders extend credit to the Borrowers in the form of U.S. Dollar revolving
        commitments in the aggregate initial commitment amount equivalent to $500 million and multicurrency revolving commitments in the aggregate commitment amount equivalent to $100 million, in each case for the making, from time to time, of revolving
        loans; same day base rate loans denominated in U.S. Dollars; ancillary facilities; and the issuance, from time to time, of letters of credit, in each case on the terms and subject to the conditions set forth in this Agreement.

    B.          The initial Lenders have indicated their
        willingness to extend such credit, and the Issuing Banks have indicated their willingness to issue Letters of Credit, in each case on the terms and subject to the conditions set forth herein.  Accordingly, the parties hereto agree as follows:

    ARTICLE 1

      

      DEFINITIONS

    Section 1.01          Defined Terms.  As used
        in this Agreement, the following terms have the meanings specified below:

     “ABR”, 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 or the Canadian Base Rate, as applicable; provided that, with respect to the Revolving Facility, in no event shall the ABR be less
      than 1.75%.

    “ACH” means automated clearing house transfers.

    “Additional Agreement” has the meaning assigned to such term in Article 8.

    “Additional Borrowers” means the Pre-Approved Borrowers and the Other Non-U.S. Revolving
      Facility Borrowers.

    “Additional Commitments” means any commitments hereunder added pursuant to Section 2.22,
      2.23 or 9.02(c).

    “Additional Lender” has the meaning assigned to such term in Section 2.22(b).

    “Additional Loans” means the Additional Revolving Loans.

    “Additional Revolving Commitments” means any revolving credit commitment added pursuant to Section 2.22,
      2.23 or 9.02(c)(ii).

    
      
        

    

    
    “Additional Revolving Facility” means any revolving credit facility added pursuant to Section 2.22,
      2.23 or 9.02(c)(ii).

    “Additional Revolving Loans” means any revolving loan added hereunder pursuant to Section 2.22,
      2.23 or 9.02(c)(ii).

    “Additional Rights” has the meaning assigned to such term in Section 6.01(p).

    “Additional Rights to Extending Revolving Lenders” has the meaning assigned to such term in Section 2.23(a)(i).

    “Additional Rights to Incremental Equivalent Debt Lenders” has the meaning assigned to such
      term in Section 6.01(z).

    “Adjustment Date” means the date of delivery of financial statements required to be delivered
      pursuant to Section 5.01(a) or Section 5.01(b), as applicable.

    “Administrative Agent” has the meaning assigned to such term in the preamble to this
      Agreement.

    “Administrative Questionnaire” has the meaning assigned to such term in Section 2.22(d).

    “Adverse Proceeding” means any action, suit, proceeding (whether administrative, judicial or
      otherwise), governmental investigation or arbitration (whether or not purportedly on behalf of Holdings, the Lead Borrower or any of its Restricted Subsidiaries) at law or in equity, or before or by any Governmental Authority, domestic or foreign
      (including any Environmental Claim), whether pending or, to the knowledge of Holdings, the Lead Borrower or any of its Restricted Subsidiaries, threatened in writing, against or affecting Holdings, the Lead Borrower or any of its Restricted
      Subsidiaries or any property of Holdings, the Lead Borrower or any of its Restricted Subsidiaries.

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

    “Affiliate” means, as applied to any Person, any other Person directly or indirectly
      Controlling, Controlled by, or under common Control with, that Person.  None of the Administrative Agent, the Arrangers, any Lender or any of their respective Affiliates shall be considered an Affiliate of Holdings or any subsidiary thereof.

    “Affiliate Ancillary Borrower” means any Affiliate of a Borrower (or, with respect to the Lead
      Borrower only, any Restricted Subsidiary of the Lead Borrower) that becomes a Borrower in respect of an Ancillary Facility pursuant to Section 2.26(b).

    “Aggregate Dollar Revolving Credit Exposure” means, at any time, the aggregate amount of the
      Lenders’ Dollar Revolving Credit Exposures at such time.

    “Aggregate Multicurrency Revolving Credit Exposure” means, at any time, the aggregate amount
      of the Lenders’ Multicurrency Revolving Credit Exposures at such time.

    “Aggregate Revolving Credit Exposure” means, at any time, the aggregate amount of the Lenders’
      Revolving Credit Exposures at such time.

    “Agreement” has the meaning assigned to such term in the preamble to this Agreement.

    “Agreement Currency” has the meaning assigned to such term in Section 9.20.

    
      -2-

      
        

    

    “Alternate Base Rate” means, for any day, with respect to Loans denominated in U.S. Dollars, a
      rate per annum equal to the highest of (a) the Federal Funds Effective Rate in effect on such day plus 0.50% (provided that such rate shall not be less than 0%),
      (b) to the extent ascertainable, the Published LIBO Rate (which rate shall be calculated based upon an Interest Period of one month and shall be determined on a daily basis) plus 1.00%; and (c) the Prime
      Rate.  Any change in the Alternate Base Rate due to a change in the Prime Rate, the Federal Funds Effective Rate or the Published LIBO Rate, as the case may be, shall be effective from and including the effective date of such change in the Prime
      Rate, the Federal Funds Effective Rate or the Published LIBO Rate, as the case may be.

    “Alternative Currencies” has the meaning assigned to such term in the definition of
      “Multicurrency Revolving Facility”.

    “Alternative Currency Alternate Rate” means, with respect to any Alternative Currency (other
      than Canadian Dollars) in any jurisdiction, the rate of interest per annum determined by the Administrative Agent to be the rate of interest either (x) charged by it to borrowers of similar quality as the applicable Borrower for short-term loans in
      such Alternative Currency in such jurisdiction or (y) notified to the Administrative Agent by that Lender as soon as practicable after notice is given under Section 2.14 or Section 2.20, as applicable, and in any event before interest
      is due to be paid in respect of the applicable Interest Period, based on the cost to that Lender of funding its participation in that Eurocurrency Rate Loan.  Notwithstanding anything to the contrary contained herein, Eurocurrency Rate Loans may only
      be made or maintained as Alternative Currency Alternate Rate Loans only to the extent specified in Section 2.14 or Section 2.20, as applicable.

    “Ancillary Commencement Date” means, with respect to any Ancillary Facility, the date (which
      must be a Business Day) on which such Ancillary Facility is first made available.

    “Ancillary Commitment” means, with respect to any Ancillary Lender and any Ancillary Facility,
      the maximum applicable Dollar Equivalent amount which such Ancillary Lender has agreed (whether or not subject to the satisfaction of conditions precedent) to make available from time to time under an Ancillary Facility in accordance with Section 2.26
      hereof to the extent such amount has not been cancelled or reduced under this Agreement or the Ancillary Documents relating to such Ancillary Facility.

    “Ancillary Document” means each document or instrument relating to or evidencing the terms of
      an Ancillary Facility designated by the Lead Borrower, the Ancillary Lender and the Administrative Agent as an “Ancillary Document”.

    “Ancillary Facility” means (a) any overdraft, automated payment, check drawing and/or other
      current account facility, (b) any short term loan facility denominated in local currencies, (c) any foreign exchange facilities, (d) any letter of credit, suretyship, guarantee and/or bonding facility or any other instrument to provide a contingent
      liability, (e) any derivatives facility and/or (f) any other facility or financial accommodation that may be required in connection with the business of the Lead Borrower and its Restricted Subsidiaries.

    “Ancillary Lender” means each Multicurrency Revolving Lender (or Affiliate of a Multicurrency
      Revolving Lender) that makes available an Ancillary Facility in accordance with Section 2.26.

    “Ancillary Outstandings” means, at any time, with respect to any Ancillary Lender and any
      Ancillary Facility then in effect, the Dollar Equivalent of the sum of the following amounts outstanding under such Ancillary Facility:  (a) the principal amount owing under each overdraft facility and on-demand short term loan facility (net of any
      credit balance on any account of any Borrower or Restricted Subsidiary under any Ancillary Facility with the relevant Ancillary Lender to the extent that such credit balance is freely available to be set off by such Ancillary Lender against
      liabilities owing by such Borrower under such Ancillary Facility), (b) the face amount of each guaranty, bond and letter of credit provided or issued under such Ancillary Facility and (c) the amount fairly representing the aggregate exposure
      (excluding interest and similar charges) of such Ancillary Lender under each other type of accommodation provided under such Ancillary Facility, in each case as determined by such Ancillary Lender acting reasonably in accordance with its normal
      banking practice and the terms of the relevant Ancillary Document.

    
      -3-

      
        

    

    “Ancillary Obligations” means all obligations in respect of Ancillary Outstandings.

    “Applicable Percentage” means, with respect to any Revolving Lender for any Class, the
      percentage of the Total Revolving Credit Commitment for such Class represented by such Lender’s Revolving Credit Commitment for such Class; provided that for purposes of Section 2.21 and otherwise
      herein, when there is a Defaulting Lender, any such Defaulting Lender’s Revolving Credit Commitment shall be disregarded in the relevant calculations.  In the event the Revolving Credit Commitments for any Class shall have expired or been terminated,
      the Applicable Percentages of any Revolving Lender of such Class shall be determined on the basis of the Revolving Credit Exposure of the applicable Revolving Lenders of such Class, giving effect to any assignments and to any Revolving Lender’s
      status as a Defaulting Lender at the time of determination.

    “Applicable Rate” means, for any day, with respect to Revolving Loans, the rate per annum
      applicable to the relevant Class of Loans set forth below under the caption “ABR Spread”, “LIBO Rate Spread” or “BA Rate Spread” as the case may be, based upon the Total Leverage Ratio as of the last day of the most recently ended Test Period; provided that until the first Adjustment Date following the completion of the first Fiscal Quarter ended after the Closing Date, the “Applicable Rate” shall be the applicable rate per annum set forth below in Category

        1:

    	
            Total

              Leverage Ratio

          	 	
            ABR Spread for Dollar and 

            Euro Revolving Loans

          	 	
            LIBO Rate Spread for Dollar 

            and Euro Revolving Loans

          	 	
            ABR Spread for 

            CAD Revolving Loans

          	 	
            BA Rate Spread for 

            CAD Revolving Loans

          
	 	 	 	 	 	 	 	 	 
	
            Category 1

          	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	
            Greater than 5.00 to 1.00

          	 	
            1.75%

          	 	
            2.75%

          	 	
            1.75%

          	 	
            2.75%

          
	 	 	 	 	 	 	 	 	 
	
            Category 2

          	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	
            Less than or equal to 5.00 to 1.00 but greater than 4.00 to 1.00

          	 	
            1.25%

          	 	
            2.25%

          	 	
            1.25%

          	 	
            2.25%

          
	 	 	 	 	 	 	 	 	 
	
            Category 3

          	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	
            Less than or equal to 4.00 to 1.00 but greater than 3.00 to 1.00

          	 	
            1.00%

          	 	
            2.00%

          	 	
            1.00%

          	 	
            2.00%

          
	
            Category 4

          	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	
            Less than or equal to 3.00 to 1.00

          	 	
            0.75%

          	 	
            1.75%

          	 	
            0.75%

          	 	
            1.75%

          

    

    

    The Applicable Rate shall be adjusted quarterly on a prospective basis on each Adjustment Date based upon the Total Leverage Ratio in accordance with the
      tables above; provided that if financial statements are not delivered when required pursuant to Section 5.01(a) or (b), as applicable, the “Applicable Rate” shall be the rate per annum set
      forth above in Category 1 until such financial statements are delivered in compliance with Section 5.01(a) or (b), as applicable.

    “Applicable Time” means, with respect to any borrowings and payments in any Alternative
      Currency (other than Canadian Dollars, Euros or Pounds Sterling), the local time in the place of settlement for such Alternative Currency as may be determined by the Administrative Agent or the applicable Issuing Bank, as the case

    
      -4-

      
        

    

    may be, to be necessary for timely settlement on the relevant date in accordance with normal banking procedures in the place of payment.

    “Approved Fund” means, with respect to any Lender, any Person (other than a natural person)
      that is engaged in making, purchasing, holding or otherwise investing in commercial loans and similar extensions of credit in the ordinary course of its activities and is administered, advised or managed by (a) such Lender, (b) any Affiliate of such
      Lender or (c) any entity or any Affiliate of any entity that administers, advises or manages such Lender.

    “Arrangers” means, each of RBC Capital Markets, JPMorgan Chase Bank N.A., Credit Suisse
      Securities (USA) LLC and Barclays Bank PLC as joint bookrunners and joint lead arrangers.

    “Assignment and Assumption” means an assignment and assumption entered into by a Lender and an
      assignee (with the consent of any party whose consent is required by Section 9.05), and accepted by the Administrative Agent in the form of Exhibit A-1 or any other form approved by the Administrative Agent and the Lead Borrower.

    “Available Amount” means, at any time, an amount equal to, without duplication:

    (a)          the sum of:

    (i)          $350,000,000; plus

    (ii)          50% of the
        Consolidated Net Income of the Lead Borrower for the period (taken as one accounting period) from October 1, 2019 to the end of the Lead Borrower’s most recently ended fiscal quarter in respect of which a Compliance Certificate has been delivered
        hereunder (or, if such Consolidated Net Income for such period is a deficit, less 100% of such deficit); plus

    (iii)          the amount of any
        capital contributions or other proceeds of any issuance of Capital Stock after October 1, 2019 (other than any amounts (x) constituting a Cure Amount or an Available Excluded Contribution Amount or an Excluded Debt Contribution or proceeds of an
        issuance of Disqualified Capital Stock, (y) received from the Lead Borrower or any Restricted Subsidiary or (z) incurred from the proceeds of any loan or advance made pursuant to Section 6.06(h)(ii)) received as Cash equity by the Lead
        Borrower or any of its Restricted Subsidiaries, plus the fair market value, as reasonably determined by the Lead Borrower, of Cash Equivalents, marketable securities or other property received by the Lead
        Borrower or any Restricted Subsidiary as a capital contribution or in return for any issuance of Capital Stock (other than any amounts (x) constituting a Cure Amount or an Available Excluded Contribution Amount or an Excluded Debt Contribution or
        proceeds of any issuance of Disqualified Capital Stock or (y) received from the Lead Borrower or any Restricted Subsidiary), in each case, during the period from and including the day immediately following October 1, 2019 through and including such
        time; plus

    (iv)          the aggregate
        principal amount of any Indebtedness or Disqualified Capital Stock, in each case, of the Lead Borrower or any Restricted Subsidiary issued after October 1, 2019 (other than Indebtedness or such Disqualified Capital Stock issued to the Lead Borrower
        or any Restricted Subsidiary), which has been converted into or exchanged for Capital Stock of the Lead Borrower, any Restricted Subsidiary or any Parent Company that does not constitute Disqualified Capital Stock, together with the fair market
        value of any Cash Equivalents and the fair market value (as reasonably determined by the Lead Borrower) of any property or assets received by the Lead Borrower or such Restricted Subsidiary upon such exchange or conversion, in each case, during the
        period from and including the day immediately following October 1, 2019 through and including such time; plus

    
      -5-

      
        

    

    (v)          the net proceeds received
        by the Lead Borrower or any Restricted Subsidiary during the period from and including the day immediately following the Closing Date through and including such time in connection with the Disposition to any Person (other than the Lead Borrower or
        any Restricted Subsidiary) of any Investment made pursuant to Section 6.06(r)(i); plus

    (vi)          to the extent not
        already reflected as a return of capital with respect to such Investment for purposes of determining the amount of such Investment, the proceeds received by the Lead Borrower or any Restricted Subsidiary during the period from and including the day
        immediately following the Closing Date through and including such time in connection with Cash returns, Cash profits, Cash distributions and similar Cash amounts, including Cash principal repayments of loans, in each case received in respect of any
        Investment made after the Closing Date pursuant to Section 6.06(r)(i) (in an amount not to exceed the original amount of such Investment); plus

    (vii)          an amount equal to
        the sum of (A) the amount of any Investments by the Lead Borrower or any Restricted Subsidiary pursuant to Section 6.06(r)(i) in any Unrestricted Subsidiary (in an amount not to exceed the original amount of such Investment) that has been
        redesignated as a Restricted Subsidiary, or has been merged, consolidated or amalgamated with or into, or is liquidated, wound up or dissolved into, the Lead Borrower or any Restricted Subsidiary and (B) the fair market value (as reasonably
        determined by the Lead Borrower) of the property or assets of any Unrestricted Subsidiary that have been transferred, conveyed or otherwise distributed (in an amount not to exceed the original amount of the Investment in such Unrestricted
        Subsidiary pursuant to Section 6.06(r)(i)) to the Lead Borrower or any Restricted Subsidiary, in each case, during the period from and including the day immediately following the Closing Date through and including such time; minus

    (b)          an amount equal to the sum of
        (i) Restricted Payments made pursuant to Section 6.04(a)(iii)(A), plus (ii) Restricted Debt Payments made pursuant to Section 6.04(b)(vi)(A), plus (iii) Investments

        made pursuant to Section 6.06(r)(i), in each case, after the Closing Date and prior to such time, or contemporaneously therewith.

    “Available Ancillary Commitment” means, with respect to any Ancillary Facility, the relevant
      Ancillary Lender’s Ancillary Commitment minus the amount of Ancillary Outstandings under such Ancillary Facility.

    “Available Excluded Contribution Amount” means the aggregate amount of Cash or Cash
      Equivalents or the fair market value of other assets or property (as reasonably determined by the Lead Borrower, but excluding any Cure Amount) received by the Lead Borrower or any of its Restricted Subsidiaries after the Closing Date from:

    (1)          contributions in
        respect of Qualified Capital Stock (other than any amounts received from the Lead Borrower or any of its Restricted Subsidiaries), and

    (2)          the sale of Qualified
        Capital Stock of the Lead Borrower or any of its Restricted Subsidiaries (other than (x) to the Lead Borrower or any Restricted Subsidiary of the Lead Borrower, (y) pursuant to any management equity plan or stock option plan or any other management
        or employee benefit plan or (z) with the proceeds of any loan or advance made pursuant to Section 6.06(h)(ii)),

    in each case, designated as Available Excluded Contribution Amounts pursuant to a certificate of a Responsible Officer on or promptly after the date the
      relevant capital contribution is made or the relevant proceeds are received, as the case may be, and which are excluded from the calculation of the Available Amount.

    
      -6-

      
        

    

    “BA Rate” means, in respect of any Interest Period, the higher of the average rate applicable
      to Canadian Dollar bankers’ acceptances for a period equal to such Interest Period displayed and identified as such on the Refinitiv Canadian Dollar Offered Rate (“CDOR”) page (and if such page is not
      available, any successor or similar service as may be selected by the Administrative Agent), rounded to the nearest 1/100th of 1% (with .005% being rounded up), at  approximately 11:00 a.m. (Eastern Time), on the related Interest Rate Determination
      Date, plus, for any Lender which is not a Schedule I bank under the Bank Act (Canada), 0.10% per annum, provided that if such rate does not appear on the CDOR Page (or the substituted page of any successor or similar service selected by the
      Administrative Agent) on such day the BA Rate on such day shall be the rate for such period applicable to Canadian Dollar bankers’ acceptances quoted by a bank listed in Schedule I of the Bank Act (Canada), as selected by the Administrative Agent, as
      of 11:00 a.m. (Eastern Time) on such day or, if such day is not a Business Day, then on the immediately preceding Business Day plus 0.10% per annum; provided that BA Rate shall not be less than 0.75%. For the avoidance of doubt, the BA Rate, is a
      reference rate only, and nothing herein shall obligate any Lender to accept bankers’ acceptances.

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

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

    “Banking Services” means each and any of the following bank services provided to any Loan
      Party (a) under any arrangement that is in effect on the Closing Date between any Loan Party and a counterparty that is (or is an Affiliate of) the Administrative Agent, any Lender or any Arranger as of the Closing Date or (b) under any arrangement
      that is entered into after the Closing Date by any Loan Party with any counterparty that is (or is an Affiliate of) the Administrative Agent, any Lender or any Arranger at the time such arrangement is entered into:  commercial credit cards, stored
      value cards, purchasing cards, treasury management services, netting services, overdraft protections, check drawing services, automated payment services (including depository, overdraft, controlled disbursement, ACH transactions, return items and
      interstate depository network services), employee credit card programs, cash pooling services and any arrangements or services similar to any of the foregoing and/or otherwise in connection with cash management and Deposit Accounts.

    “Banking Services Obligations” means any and all obligations of any Loan Party, whether
      absolute or contingent and however and whenever created, arising, evidenced or acquired (including all renewals, extensions and modifications thereof and substitutions therefor), in connection with Banking Services, in each case, that has been
      designated to the Administrative Agent in writing by the Lead Borrower as being Banking Services Obligations for the purposes of the Loan Documents, it being understood that each counterparty thereto shall be deemed (A) to appoint the Administrative
      Agent as its agent under the applicable Loan Documents and (B) to agree to be bound by the provisions of Article 8, Section 9.03 and Section 9.10, as if it were a Lender.

    “Bankruptcy Code” means Title 11 of the United States Code (11 U.S.C. § 101 et seq.).

    “Benchmark Replacement” means  the sum of: (a) the alternate benchmark
      rate (which may include Term SOFR) that has been selected by the Administrative Agent and the Lead Borrower giving due consideration to (i) any selection or recommendation of a replacement 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 rate of interest as a replacement to the LIBO Rate for U.S. dollar-denominated syndicated credit facilities and (b) the Benchmark Replacement
      Adjustment; provided that, if the Benchmark Replacement as so determined would be less than zero, the Benchmark Replacement will be deemed to be zero for the purposes of this Agreement.

    
      -7-

      
        

    

    “Benchmark Replacement Adjustment” means  with respect to any replacement of the LIBO Rate
      with an Unadjusted Benchmark Replacement for each applicable Interest Period, 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 Lead Borrower 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 the LIBO Rate with the
      applicable Unadjusted Benchmark Replacement by the Relevant Governmental Body 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 LIBO Rate with the applicable Unadjusted Benchmark Replacement for U.S. dollar denominated syndicated credit facilities at such time.

    “Benchmark Replacement Conforming Changes” means with respect to any
      Benchmark Replacement, any technical, administrative or operational changes (including changes to the definition of “Interest Period,” timing and frequency of determining rates and making payments of interest and other administrative 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 the 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).

    “Benchmark Replacement Date” means the earlier to occur of the following
      events with respect to the LIBO Rate: (a) in the case of clause (a) or (b) of the definition of “Benchmark Transition Event,” the later of (i) the date of the public statement or publication of information referenced therein and (ii) the date on
      which the administrator of the LIBO Rate permanently or indefinitely ceases to provide of the LIBO Rate; or (b) in the case of clause (c) of the definition of “Benchmark Transition Event,” the date of the public statement or publication of
      information referenced therein.

    “Benchmark Transition Event” means the occurrence of one or more of the
      following events with respect to the LIBO Rate: (a) a public statement or publication of information by or on behalf of the administrator of the LIBO Rate announcing that such administrator has ceased or will cease to provide a London interbank
      offered rate, permanently or indefinitely, provided that, at the time of such statement or publication, there is no successor administrator that will continue to provide the LIBO Rate; (b) a public statement or publication of information by the
      regulatory supervisor for the administrator of the LIBO Rate, the U.S. Federal Reserve System, an insolvency official with jurisdiction over the administrator for the LIBO Rate, a resolution authority with jurisdiction over the administrator for the
      LIBO Rate or a court or an entity with similar insolvency or resolution authority over the administrator for the LIBO Rate, which states that the administrator of the LIBO Rate has ceased or will cease to provide the LIBO Rate permanently or
      indefinitely, provided that, at the time of such statement or publication, there is no successor administrator that will continue to provide the LIBO Rate; or (c) a public statement or publication of information by the regulatory supervisor for the
      administrator of the LIBO Rate announcing that the LIBO Rate is no longer representative.

    “Benchmark Transition Start Date” means (a) in the case of a Benchmark
      Transition Event, the earlier of (i) the applicable Benchmark Replacement Date and (ii) if such Benchmark Transition Event is a public statement or publication of information of a prospective event, the 90th day prior to the expected date of such
      event as of such public statement or publication of information (or if the expected date of such prospective event is fewer than ninety (90) days after such statement or publication, the date of such statement or publication) and (b) in the case of
      an Early Opt-in Election, the date specified by the Administrative Agent or the Required Lenders, as applicable, by notice to the Lead Borrower, the Administrative Agent (in the case of such notice by the Required Lenders) and the Lenders.

    “Benchmark Unavailability Period” means,  if a Benchmark Transition Event
      and its related Benchmark Replacement Date have occurred with respect to the LIBO Rate and solely to the extent that the LIBO Rate has not been replaced with a Benchmark Replacement, the period (x) beginning at the time that such Benchmark
      Replacement Date has occurred if, at such time, no Benchmark Replacement has replaced the LIBO Rate for all purposes hereunder in accordance with Section 2.17 and (y) ending at the time that a Benchmark Replacement has replaced the LIBO Rate
      for all purposes hereunder pursuant to Section 2.27.

    
      -8-

      
        

    

    “Benefit Plan” shall mean any of (a) an “employee benefit plan” (as defined in ERISA) that is
      subject to Title I of ERISA, (b) a “plan” as defined in and subject to Section 4975 of the Code or (c) any Person whose assets include (for purposes of ERISA Section 3(42) or otherwise for purposes of Title I of ERISA or Section 4975 of the Code) the
      assets of any such “employee benefit plan” or “plan.”

    “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
      U.S.

    “BofA” has the meaning assigned to such term in the preamble to this Agreement.

    “Bona Fide Debt Fund” means any debt fund, investment vehicle, regulated bank entity or
      unregulated lending entity that is engaged in making, purchasing, holding or otherwise investing in commercial loans and similar extensions of credit in the ordinary course of business which is managed, sponsored or advised by any Person controlling,
      controlled by or under common control with (a) any competitor of the Lead Borrower and/or any of its subsidiaries or (b) any Affiliate of such competitor, but with respect to which no personnel involved with any investment in such Person (i) makes,
      has the right to make or participates with others in making any investment decisions with respect to such debt fund, investment vehicle, regulated bank entity or unregulated lending entity or (ii) has access to any information (other than information
      that is publicly available) relating to Holdings, the Lead Borrower or their respective subsidiaries or any entity that forms a part of any of their respective businesses; it being understood and agreed that the term “Bona Fide Debt Fund” shall not
      include any Person that is separately identified to the Arrangers in accordance with clause (a) of the definition of “Disqualified Institution” or any Affiliate of any such Person that is reasonably identifiable on the basis of such
      Affiliate’s name.

    “Borrower Joinder Agreement” means a borrower joinder agreement in a form (including
      structural and tax considerations (including customary tax provisions for Borrowers incorporated in any jurisdiction other than the U.S., to the extent not already provided for in this Agreement, in Section 2.17 and related definitions,
      including gross-up provisions with respect to the obligations of the U.K. Borrower on terms satisfactory to the Administrative Agent and the Arrangers) and collateral and guarantee arrangements (including collateral allocation mechanism
      arrangements)) reasonably satisfactory to the Administrative Agent and the Lead Borrower.

    “Borrower Representative” means the entity appointed to act on behalf of the Borrowers
      pursuant to Section 2.24.

    “Borrowers” means the Revolving Facility Borrowers; provided

      that if any Non-U.S. Borrower incurs any Obligations under a Non-U.S. Facility, and if the Administrative Agent and the Lenders holding such Obligations agree that collateral in a non-U.S. jurisdiction will be provided to support such
      Non-U.S. Obligations, then the Borrowers and the Administrative Agent on behalf of the Lenders will enter into an agreement that will include customary collateral allocation mechanism sharing provisions between such Non-U.S. Facility and the
      U.S. Credit Facilities that will be automatically triggered upon the occurrence of an event of default resulting from (i) bankruptcy, insolvency proceedings, etc., (ii) inability to pay debts, attachment, etc., (iii) payment default on final maturity
      or (iv) an acceleration of the loans or commitments under such Non-U.S. Facility; provided, further, to the extent (x) that any portion of such Non-U.S. Facility is made available in a currency other than
      U.S. Dollars or (y) any portion of the Revolving Facility, Incremental Revolving Facility or Revolving Facility incurred pursuant to a Refinancing Amendment may be funded in currency other than U.S. Dollars, the customary collateral allocation
      mechanism settlement currency will be U.S. Dollars pursuant to which Outstanding Amounts denominated in a currency other than U.S. Dollars of any Borrower will convert into, and continue as, U.S. Dollar-denominated Obligations.

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

    
      -9-

      
        

    

    “Borrowing Request” means a request by a Borrower for a Borrowing in accordance with Section 2.03
      and substantially in the form attached hereto as Exhibit B or such other form that is reasonably acceptable to the Administrative Agent and the Lead Borrower.

    “Business Day” means any day that is not a Saturday, Sunday or other day on which commercial
      banks in New York City are authorized or required by law to remain closed; provided that, (a) when used in connection with an ABR Loan, a Eurocurrency Rate Loan or any other Loan in an Alternative Currency,
      the term “Business Day” shall also exclude any day on which banks are not open for dealings in the London interbank market and/or the principal financial center of the country of such Alternative Currency (and, if the Borrowings or LC
      Disbursements which are the subject of a borrowing, drawing, payment, reimbursement or rate selection are denominated in euro, the term “Business Day” shall also exclude any TARGET Day) and (b) when used in connection with a Canadian Dollar Loan or
      BA Rate Loan, any day excluding any day which is a legal holiday in the Province of Ontario or is a day on which commercial banks are authorized or required to close in Toronto, Ontario.

    “Canadian Anti-Terrorism Laws” means any Canadian law, judgment, order, executive order,
      decree, ordinance, rule or regulation related to terrorism financing or money laundering including Part II.1 of the Criminal Code, R.S.C. 1985, c.C-46, the Proceeds of Crime
        (Money Laundering) and Terrorist Financing Act, S.C. 2000, c. 17, regulations promulgated pursuant to the Special Economic Measures Act, S.C. 1992, c. 17 and the United

        Nations Act, R.S.C. 1985, c. U-2, in each case, as amended.

    “Canadian Base Rate” means the highest of (x) the rate of interest per annum established from
      time to time by the Administrative Agent as the reference rate of interest for the determination of interest rates that the Administrative Agent will charge to customers in Canada for Canadian Dollar demand loans in Canada, and (y) the rate of
      interest per annum that is equal to the BA Rate for an interest period of one month plus 1.00% per annum; provided that (x) Canadian Base Rate shall not be less than 1.75%.

    “Canadian Borrower” has the meaning assigned to such term in the definition of “Revolving
      Facility Borrowers”.

    “Canadian Dollars” and “C$” means the lawful currency of Canada.

    “Capital Lease” means, as applied to any Person, any lease of any property (whether real,
      personal or mixed) by that Person as lessee that, in conformity with GAAP, is or should be accounted for as a capital lease on the balance sheet of that Person.

    “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), including partnership interests and membership interests, and any and all warrants, rights or options to
      purchase or other arrangements or rights to acquire any of the foregoing, but excluding for the avoidance of doubt any Indebtedness convertible into or exchangeable for any of the foregoing.

    “Cash” means money, currency or a credit balance in any Deposit Account, in each case
      determined in accordance with GAAP.

    “Cash Equivalents” means, as at any date of determination, (a) readily marketable securities
      (i) issued or directly and unconditionally guaranteed or insured as to interest and principal by the U.S. government or (ii) issued by any agency or instrumentality of the U.S. the obligations of which are backed by the full faith and credit of the
      U.S., in each case maturing within one year after such date and, in each case, repurchase agreements and reverse repurchase agreements relating thereto; (b) readily marketable direct obligations issued by any state of the U.S. or any political
      subdivision of any such state or any public instrumentality thereof, in each case maturing within one year after such date and having, at the time of the acquisition thereof, a rating of at least A-2 from S&P or at least P-2 from Moody’s (or, if
      at any time neither S&P nor Moody’s shall be rating such obligations, an equivalent rating from another nationally recognized statistical rating agency) and, in each case, repurchase agreements and reverse repurchase agreements relating thereto;
      (c) commercial paper maturing no more than one

    
      -10-

      
        

    

    year from the date of creation thereof and having, at the time of the acquisition thereof, a rating of at least A-2 from S&P or at least P-2 from
      Moody’s (or, if at any time neither S&P nor Moody’s shall be rating such obligations, an equivalent rating from another nationally recognized statistical rating agency); (d) deposits, money market deposits, time deposit accounts, certificates of
      deposit or bankers’ acceptances (or similar instruments) maturing within one year after such date and issued or accepted by any Lender or by any bank organized under, or authorized to operate as a bank under, the laws of the U.S., any state thereof
      or the District of Columbia or any political subdivision thereof and that has capital and surplus of not less than $100,000,000 and, in each case, repurchase agreements and reverse repurchase agreements relating thereto; and (e) shares of any money
      market mutual fund that has (i) substantially all of its assets invested in the types of investments referred to in clauses (a) through (d) above, (ii) net assets of not less than $250,000,000 and (iii) a rating of at least A-2 from
      S&P or at least P-2 from Moody’s.

    In the case of any Investment by any Foreign Subsidiary, “Cash Equivalents” shall also include (x) Investments of the type and
      maturity described in clauses (a) through (e) above of foreign obligors, which Investments or obligors (or the parent companies thereof) have the ratings described in such clauses or equivalent ratings from comparable foreign rating
      agencies and (y) other short-term Investments utilized by Foreign Subsidiaries in accordance with normal investment practices for cash management in Investments analogous to the Investments described in clauses (a) through (e) and in
      this paragraph.

    “CFC” means a “controlled foreign corporation” within the meaning of Section 957 of the Code.

    “CFC Holdco” means a direct or indirect Domestic Subsidiary substantially all of whose assets
      consist of the capital stock of one or more CFCs.

    “Change in Law” means (a) the adoption of any law, treaty, rule or regulation after the
      Closing Date, (b) any change in any law, treaty, rule or regulation or in the interpretation or application thereof by any Governmental Authority after the Closing Date or (c) compliance by any Lender or any Issuing Bank (or, for purposes of Section 2.15(b),
      by any lending office of such Lender or such Issuing Bank or by such Lender’s or such Issuing Bank’s holding company, if any) with any request, guideline or directive (whether or not having the force of law) of any Governmental Authority made or
      issued after the Closing Date (other than any such request, guideline or directive to comply with any law, rule or regulation that was in effect on the Closing Date).  For purposes of this definition and Section 2.15, (x) 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 and (y) all requests, rules, guidelines, requirements or directives
      promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or U.S. or foreign regulatory authorities, in each case pursuant to Basel III, shall in each case described in clauses (a),
      (b) and (c) above, be deemed to be a Change in Law, regardless of the date enacted, adopted, issued or implemented.

    A “Change of Control” shall be deemed to have occurred if (a) any “person” or “group” (within
      the meaning of Rule 13d-5 of the Securities Exchange Act of 1934 as in effect on the Closing Date), shall own, directly or indirectly, beneficially or of record, shares representing more than 35% of the aggregate ordinary voting power represented by
      the issued and outstanding capital stock of Super Holdco, (b) a majority of the seats (other than vacant seats) on the board of directors of Super Holdco shall at any time be occupied by persons who were neither (i) nominated by the board of
      directors of Super Holdco (or any committee thereof with the authority to nominate directors) nor (ii) appointed by directors so nominated, (c) any change in control (or similar event, however denominated) with respect to Super Holdco, Holdings or
      the Lead Borrower shall occur under and as defined in any indenture or agreement in respect of Indebtedness exceeding the Threshold Amount, (d) Super Holdco shall cease to directly own, beneficially and of record, 100% of the issued and outstanding
      Capital Stock of Holdings, (e) Holdings shall cease to directly own, beneficially and of record, 100% of the issued and outstanding Capital Stock of the Lead Borrower or (f) following the joinder of any additional Borrowers, as permitted hereunder,
      and for so long as such Borrower has any Obligations, the Lead Borrower shall cease to directly or indirectly own, beneficially and of record, 100% of the issued and outstanding Capital Stock of any other Borrower.

    “Charge” means any charge, fee, expense, cost, losses, accrual or reserve of any kind.

    “Charged Amounts” has the meaning assigned to such term in Section 9.19.

    
      -11-

      
        

    

    “Class”, when used in reference to any Loan, Borrowing or Commitment, refers to whether such
      Loan, or the Loans comprising such Borrowing, are Revolving Loans (or as applicable, Dollar Revolving Loans or Multicurrency Revolving Loans) or respective Commitments related thereto or other loans or commitments added as a separate Class pursuant
      to Section 2.22, 2.23 or 9.02(c).

    “Closing Date” means the date on which the conditions specified in Section 4.01 are
      satisfied (or waived in accordance with Section 9.02).

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

    “Collateral” means any and all property of any Loan Party subject (or purported to be subject)
      to a Lien under any Collateral Document and any and all other property of any Loan Party, now existing or hereafter acquired, that is or becomes subject (or purported to be subject) to a Lien pursuant to any Collateral Document to secure the Secured
      Obligations.

    “Collateral Agent” has the meaning assigned to such term in the preamble to this Agreement.

    “Collateral and Guarantee Requirement” means, at any time, subject to (x) the applicable
      limitations set forth in this Agreement and/or any other Loan Document and (y) the time periods (and extensions thereof) set forth in Section 5.12, the requirement that:

    (a)          the Administrative Agent shall have
        received:

    (i)          (A) a joinder to the
        Loan Guaranty in substantially the form attached as an exhibit thereto, (B) a supplement to the Security Agreement in substantially the form attached as an exhibit thereto, (C) if the respective Loan Party required to comply with the requirements
        set forth in this definition pursuant to Section 5.12 owns registrations of or applications for U.S. Patents, Trademarks and/or Copyrights that constitute Collateral, any Notices of Grant of Security Interest in Intellectual Property,
        (D) the information required by the Perfection Certificate for the Loan Party and (E) UCC financing statements in appropriate form for filing in such jurisdictions as the Administrative Agent may reasonably request; and

    (ii)          each item of
        Collateral that such Loan Party is required to deliver under Section 2.02 of the Security Agreement (which, for the avoidance of doubt, shall be delivered within the time periods set forth in Section 5.12(a));

    (b)          the Administrative Agent shall have
        received with respect to any Material Real Estate Assets acquired after the Closing Date, a Mortgage and any necessary UCC fixture filing in respect thereof, in each case together with, to the extent customary and appropriate (as reasonably
        determined by the Administrative Agent and the Lead Borrower):

    (i)          evidence that
        (A) counterparts of such Mortgage have been duly executed, acknowledged and delivered and such Mortgage and any corresponding UCC or equivalent fixture filing are in form suitable for filing or recording in all filing or recording offices that the
        Administrative Agent may reasonably deem necessary in order to create a valid and subsisting Lien on such Material Real Estate Asset in favor of the Administrative Agent for the benefit of the Secured Parties, (B) such Mortgage and any
        corresponding UCC or equivalent fixture filings have been duly recorded or filed, as applicable, and (C) all filing and recording taxes and fees have been paid or otherwise provided for in a manner reasonably satisfactory to the Administrative
        Agent;

    (ii)          one or more fully
        paid policies of title insurance (the “Mortgage Policies”) in an amount reasonably acceptable to the Administrative Agent (not to exceed the fair market value of the Material Real Estate Asset covered thereby
        (as reasonably determined by the Lead Borrower)) issued by a nationally recognized title insurance company in the applicable jurisdiction that is

    
      -12-

      
        

    

    reasonably acceptable to the Administrative Agent, insuring the relevant Mortgage as having created a valid subsisting Lien on the
      real property described therein with the ranking or the priority which it is expressed to have in such Mortgage, subject only to Permitted Liens, together with such endorsements, coinsurance and reinsurance as the Administrative Agent may reasonably
      request to the extent the same are available in the applicable jurisdiction;

    (iii)          customary legal
        opinions of local counsel for the relevant Loan Party in the jurisdiction in which such Material Real Estate Asset is located, and if applicable, in the jurisdiction of formation of the relevant Loan Party, in each case as the Administrative Agent
        may reasonably request; and

    (iv)          surveys (or
        no-change affidavits or similar documents sufficient for the title insurance company issuing the Mortgage Policies to omit the preprinted survey exception therein and issue the endorsements required by clause (ii) above) and appraisals (if
        required under the Financial Institutions Reform Recovery and Enforcement Act of 1989, as amended) and, no later than 5 Business Days before the effective day of any Mortgage, “Life-of-Loan” flood certifications and any borrower notices required
        under Regulation H (together with evidence of available federal flood insurance for any such Flood Hazard Property located in a flood hazard area); provided that the Administrative Agent may in its
        reasonable discretion accept any such existing survey, appraisal, certification or notice so long as such existing survey, appraisal, certification or notice satisfies any applicable legal requirements.

     “Collateral Documents” means, collectively, (i) the Security Agreement, (ii) each Mortgage,
      (iii) each Notice of Grant of Security Interest in Intellectual Property, (iv) any supplement to any of the foregoing delivered to the Administrative Agent pursuant to the definition of “Collateral and Guarantee Requirement”, (v) the Perfection
      Certificate (including any Perfection Certificate delivered to the Administrative Agent pursuant to the definition of “Collateral and Guarantee Requirement”) and any Perfection Certificate Supplement (including any Perfection Certificate Supplement
      delivered to the Administrative Agent pursuant to the definition of “Collateral and Guarantee Requirement”) and (vi) each of the other instruments and documents pursuant to which any Loan Party grants a Lien on any Collateral as security for payment
      of the Secured Obligations.

    “Commercial Letter of Credit” means any Letter of Credit issued for the purpose of providing
      the primary payment mechanism in connection with the purchase of any materials, goods or services by the Lead Borrower or any of its subsidiaries in the ordinary course of business of such Person.

     “Commercial Tort Claim” has the meaning set forth in Article 9 of the UCC.

    “Commitment” means, with respect to each Lender, such Lender’s Revolving Credit Commitment and
      Additional Commitment, as applicable, in effect as of such time.

    “Commitment Fee Rate” means, for each calendar quarter or portion thereof, the applicable rate
      per annum set forth below based upon the Total Leverage Ratio as of the last day of the last Test Period; provided that until the first Adjustment Date following the completion of the first Fiscal Quarter
      ending after the Closing Date, the “Commitment Fee Rate” shall be the applicable rate per annum set forth below in Category 1:

    
      	
              Total Leverage Ratio

            	 	
              Dollar Revolving Facility and 

              Multicurrency Revolving Facility Commitment Fee Rate

            
	 	 	 
	 	 	 
	
              Category 1

            	 	 
	 	 	 
	
              Greater than 5.00 to 1.00

            	 	
              0.45%

            
	 	 	 
	
              Category 2

            	 	 
	 	 	 
	 	 	 

      

      

      
        -13-

        
          

      

      	
              Less than or equal to 5.00 to 1.00 but greater than 4.00 to 1.00

            	 	
              0.40%

            
	 	 	 
	
              Category 3

            	 	 
	 	 	 
	
              Less than or equal to 4.00 to 1.00 but greater than 3.00 to 1.00

            	 	
              0.35%

            
	
              Category 4

            	 	 
	 	 	 
	
              Equal to or less than 3.00 to 1.00

            	 	
              0.30%

            

    

    

    The Commitment Fee Rate shall be adjusted quarterly on a prospective basis on each Adjustment Date based upon the Total Leverage Ratio in accordance with
      the table set forth above; provided that if financial statements are not delivered when required pursuant to Section 5.01(a) or (b), as applicable, the Commitment Fee Rate shall be
      the rate per annum set forth above in Category 1 until such financial statements are delivered in compliance with Section 5.01(a) or (b), as applicable.

    “Commitment Schedule” means the Schedule attached hereto as Schedule 1.01(a).

    “Commodity Exchange Act” means the Commodity Exchange Act (7 U.S.C. § 1 et seq.).

    “Company Competitor” means any competitor of the Borrowers and/or any of their subsidiaries.

    “Compliance Certificate” means a Compliance Certificate substantially in the form of Exhibit C.

    “Confidential Information” has the meaning assigned to such term in Section 9.13.

    “Consolidated Adjusted EBITDA” means, with respect to any specified Person for any period, the
      Consolidated Net Income of such Person for such period plus, without duplication:

    (a)          provision for taxes based on income or
        profits of such Person and its Restricted Subsidiaries for such period, to the extent that such provision for taxes was deducted in computing such Consolidated Net Income; plus

    (b)          Fixed Charges of such Person and its
        Restricted Subsidiaries for such period, to the extent that any such Fixed Charges were deducted in computing such Consolidated Net Income; plus

    (c)          depreciation, amortization (including
        amortization of goodwill, software and other intangibles but excluding amortization of prepaid Cash expenses that were paid in a prior period) and other non-Cash expenses (excluding any such non-Cash expense to the extent that it represents an
        accrual of or reserve for Cash expenses in any future period or amortization of a prepaid Cash expense that was paid in a prior period) of such Person and its Restricted Subsidiaries for such period to the extent that such depreciation,
        amortization and other non-Cash expenses were deducted in computing such Consolidated Net Income; plus

    (d)          (i) unusual or non-recurring charges,
        (ii) relocation costs and integration costs or reserves (including such items related to proposed and completed acquisitions and Dispositions and to closure/consolidation of facilities), (iii) Transaction Costs, (iv) Prior Transaction Costs,
        (v) severance costs, including such costs related to proposed and completed Investments permitted by this Agreement and Dispositions and to closure/consolidation of facilities, in each case incurred by the Lead Borrower and its Restricted
        Subsidiaries and (vi) transaction fees and Charges (1) incurred in connection with the consummation of any transaction (or any transaction proposed and not consummated) permitted under this Agreement, including the issuance or offering of Capital
        Stock, Investments, acquisitions, Dispositions, recapitalizations, mergers, consolidations or amalgamations, option buyouts or incurrences, repayments, refinancings, amendments or modifications of Indebtedness (including any amortization or
        write-off of debt issuance or deferred financing costs, premiums and prepayment penalties) or similar transactions and/or (2) that are actually reimbursed or reimbursable by third parties pursuant to indemnification or

    
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    reimbursement provisions or similar agreements or insurance; provided that in respect of any fee, cost,
      expense or reserve that is added back in reliance on clause (2) above, such Person in good faith expects to receive reimbursement for such fee, cost, expense or reserve within the next four Fiscal Quarters (it being understood that to the extent any
      reimbursement amount is not actually received within such Fiscal Quarters, such reimbursement amount shall be deducted in calculating Consolidated Adjusted EBITDA for such Fiscal Quarters); plus

    (e)          the amount of cost savings, operational
        expense improvements and synergies projected by such Person in good faith to be realized as a result of actions taken during such period or to be taken in connection with a transaction that is being given pro forma effect (calculated on a pro forma
        basis as though such cost savings, operational expense improvements and synergies had been realized on the first day of such period), net of the amount of actual benefits realized during such period from such actions; provided that a duly completed certificate signed by a Responsible Officer of the Lead Borrower shall be delivered to the Administrative Agent together with the Officer’s Certificate required to be delivered pursuant to Section 5.01(c),
        certifying that (x) such cost savings, operational expense improvements and synergies are reasonably identifiable and factually supportable (in the good faith determination of such Person, as certified by a chief financial officer, treasurer or
        equivalent officer of such Person) and (y) such cost savings, operational expense improvements and synergies are expected in good faith to be realized within 18 months of the end of such period; provided, further,
        that the aggregate amount included in Consolidated Adjusted EBITDA pursuant to this clause (e) for any period shall not exceed15% of Consolidated Adjusted EBITDA (calculated prior to giving effect to any adjustments pursuant to this
        clause (e)); minus

    (f)          to the extent such amounts otherwise
        increase Consolidated Net Income, (i) non- Cash items increasing such Consolidated Net Income for such period other than the accrual of revenue consistent with past practice, in each case, on a consolidated basis and determined in accordance with
        GAAP, (ii) unrealized net gains (x) due to fluctuations in currency values and the related tax effects or (y) in the fair market value of any arrangements under Derivative Transactions, (iii) the amount included in Consolidated Net Income pursuant
        to clause (ix) of the definition thereof (as described in such clause) to the extent the relevant business interruption insurance proceeds were not received within the time period required by such clause, and (iv) to the extent that such Person
        adds back the amount of any non-Cash charge to Consolidated Adjusted EBITDA pursuant to clause (c) above, the Cash payment in respect thereof in the relevant future period.

    Notwithstanding anything to the contrary herein, it is agreed that for the purpose of calculating the Total Leverage Ratio, Total Net
      Leverage Ratio, the First Lien Net Leverage Ratio, the Secured Net Leverage Ratio and the Fixed Charge Coverage Ratio for any period that includes the Fiscal Quarters ended March 29, 2020, December 31, 2019, September 30, 2019, June 30, 2019,
      (i) Consolidated Adjusted EBITDA for the Fiscal Quarter ended March 31, 2020 shall be deemed to be $143.6 million, (ii) Consolidated Adjusted EBITDA for the Fiscal Quarter ended December 29, 2019 shall be deemed to be $102.5 million,
      (iii) Consolidated Adjusted EBITDA for the Fiscal Quarter ended September 30, 2019 shall be deemed to be $163.3 million, and (iv) Consolidated Adjusted EBITDA for the Fiscal Quarter ended June 30, 2019 shall be deemed to be $172.6 million; provided that (x) for the four Fiscal Quarter period ended March 29, 2020, Consolidated Adjusted EBITDA, calculated on a Pro Forma Basis, shall be deemed to be $582.0 million and (y) for any subsequent four
      Fiscal Quarter period that includes any of the Fiscal Quarters described under clauses (ii) through (iv) above, Consolidated Adjusted EBITDA shall include the applicable amounts set forth in such clauses and the Pro Forma Basis
      calculation shall be in accordance with the terms thereof.

    “Consolidated First Lien Debt” means, as to any Person at any date of determination, the
      aggregate principal amount of Consolidated Total Debt outstanding on such date that is secured by a first priority Lien on any asset or property of such Person or its Restricted Subsidiaries.

    “Consolidated Net Income” means, with respect to any specified Person for any period, the
      aggregate of the Net Income of such Person and its Subsidiaries for such period, on a consolidated basis, determined in accordance with GAAP; provided that:

    (i)          the Net Income (but
        not loss) of any Person that is not a Restricted Subsidiary or that is accounted for by the equity method of accounting shall be included only to the extent of the

    
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    amount of dividends or distributions paid in Cash to the specified Person or a Restricted Subsidiary thereof;

    (ii)          the Net Income of
        any Restricted Subsidiary (other than a Subsidiary Guarantor) shall be excluded to the extent that the declaration or payment of dividends or similar distributions by that Restricted Subsidiary of that Net Income is not at the date of determination
        permitted without any prior governmental approval (that has not been obtained) or, directly or indirectly, by operation of the terms of its charter or any agreement, instrument, judgment, decree, order, statute, rule or governmental regulation
        applicable to that Restricted Subsidiary or its equityholders;

    (iii)          the Net Income of
        any Person acquired during the specified period for any period prior to the date of such acquisition shall be excluded;

    (iv)          the cumulative
        effect of a change in accounting principles shall be excluded;

    (v)          notwithstanding
        clause (i) above, the Net Income (but not loss) of any Unrestricted Subsidiary shall be excluded, whether or not distributed to the specified Person or one of its Subsidiaries;

    (vi)          (a) unrealized gains
        and losses due solely to fluctuations in currency values and the related tax effects according to GAAP shall be excluded (until realized, at which time such gains or losses shall be included); and (b) unrealized gains and losses with respect to
        obligations under any Derivative Transactions shall be excluded (until realized, at which time such gains or losses shall be included);

    (vii)          any non-Cash charge
        or expense realized or resulting from stock option plans, employee benefit plans or post- employment benefit plans, or grants or sales of stock, stock appreciation or similar rights, stock options, restricted stock, Disqualified Capital Stock or
        other rights shall be excluded;

    (viii)          (a)(i) the
        non-Cash portion of “straight line” rent expense less (ii) the Cash portion of “straight line” rent expense which exceeds the amount expensed in respect of such rent expense shall be excluded and (b) non-Cash gains, losses, income and
        expenses resulting from fair value accounting required by the applicable standard under GAAP and related interpretations shall be excluded (until realized, at which time such gains or losses shall be included);

    (ix)          to the extent
        covered by insurance and actually reimbursed, or, so long as such Person has made a determination that there exists reasonable evidence that such amount will in fact be reimbursed by the insurer and only to the extent that such amount is
        (a) approved by the applicable carrier in writing within 180 days and (b) in fact reimbursed within 365 days of the date of such evidence (with a deduction for any amount so added back to the extent not so reimbursed within 365 days), (i) expenses
        with respect to liability or casualty events or business interruption shall be excluded and (ii) amounts received, or estimated in good faith to be received, from insurance in respect of lost earnings in respect of liability or causality events or
        business interruption shall be included (with a deduction for (x) amounts actually received up to such estimated amount to the extent included in Net Income in a future period and (y) for estimated amounts in excess of amounts actually received in
        a future period);

    (x)          any charges resulting
        from the application of FASB ASC 350, Intangibles — Goodwill and Other, Accounting Standards Codification Topic 360-10-35-15, Impairment or Disposal of Long-Lived Assets,
        Accounting Standards Codification Topic 480-10-25-4, Distinguishing Liabilities from Equity—Overall Recognition, or Accounting Standards Codification Topic 820 Fair Value
          Measurements and Disclosures, the amortization of intangibles arising pursuant to FASB ASC 805, Business Combinations, non-Cash interest expense resulting from the application of Accounting
        Standards Codification Topic 470-20 Debt—Debt with

    
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    Conversion Options—Recognition, and any non-Cash income tax expense that results from the
      inability to include deferred tax liabilities related to indefinite-lived intangible assets as future reversals of temporary differences under FASB ASC 740-10-30-18, shall be excluded; and

    (xi)          restructuring and
        related charges and acquisition and related integration charges, including but not limited to, restructuring charges related to the Prior Transactions and the Transactions, shall be excluded.

    Notwithstanding the foregoing, for the purpose of calculating the Available Amount only, there shall be excluded from Consolidated Net
      Income, without duplication, any income consisting of dividends, repayments of loans or advances or other transfers of assets from non-wholly owned Restricted Subsidiaries, Unrestricted Subsidiaries or joint ventures to the Lead Borrower or any of
      its Restricted Subsidiary, and any income consisting of a return of capital, repayment or other proceeds from dispositions or repayments of Investments, in each case to the extent such income would be included in Consolidated Net Income and such
      related dividends, repayments, transfers, return of capital or other proceeds are applied by the Loan Parties to increase the Available Amount.

    “Consolidated Secured Debt” means, as to any Person at any date of determination, the
      aggregate principal amount of Consolidated Total Debt outstanding on such date that is secured by a Lien on any asset or property of such Person or its Restricted Subsidiaries.

    “Consolidated Total Assets” means, at any date, all amounts that would, in conformity with
      GAAP, be set forth opposite the caption “total assets” (or any like caption) on a consolidated balance sheet of the applicable Person at such date.

    “Consolidated Total Debt” means, as to any Person at any date of determination, the aggregate
      principal amount of all third party debt for borrowed money (including LC Disbursements that have not been reimbursed in accordance with the terms hereof and the outstanding principal balance of all Indebtedness of such Person represented by notes,
      bonds and similar instruments), Capital Leases and purchase money Indebtedness (but excluding, for the avoidance of doubt, undrawn letters of credit).

     “Contractual Obligation” means, as applied to any Person, any provision of any Security
      issued by that Person or of any indenture, mortgage, deed of trust, contract, undertaking, agreement or other instrument to which that Person is a party or by which it or any of its properties is bound or to which it or any of its properties is
      subject.

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

    “Copyright” means the following: (a) all copyrights, rights and interests in copyrights, works
      protectable by copyright whether published or unpublished, copyright registrations and copyright applications; (b) all renewals of any of the foregoing; (c) all income, royalties, damages, and payments now or hereafter due and/or payable under any of
      the foregoing, including, without limitation, damages or payments for past or future infringements for any of the foregoing; (d) the right to sue for past, present, and future infringements of any of the foregoing; and (e) all rights corresponding to
      any of the foregoing.

    “Covered Entity” shall mean any of the following: (i) a “covered entity” as
      that term is defined in, and interpreted in accordance with, 12 C.F.R. § 252.82(b); (ii) a “covered bank” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 47.3(b); or (iii) a “covered FSI” as that term is defined in, and
      interpreted in accordance with, 12 C.F.R.§ 382.2(b).

    “Covered Party” shall have the meaning provided in Section 9.25.

    
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    “Credit Extension” means each of (i) the making of a Revolving Loan or (ii) the issuance,
      amendment, modification, renewal or extension of any Letter of Credit (other than any such amendment, modification, renewal or extension that does not increase the Stated Amount of the relevant Letter of Credit).

    “Credit Facilities” means the Revolving Facility.

    “CS” has the meaning assigned to such term in the preamble to this Agreement.

    “Cure Amount” has the meaning assigned to such term in Section 6.15(b).

    “Cure Right” has the meaning assigned to such term in Section 6.15(b).

     “Daily Rate” means, 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 Alternative Currency Alternate Rate.

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

    “Default” means any event or condition which upon notice, lapse of time or both would become
      an Event of Default.

    “Defaulting Lender” means any Lender that has (a) defaulted in its obligations under this
      Agreement, including without limitation, (x) to make a Loan within two Business Days of the date required to be made by it hereunder or (y) to fund its participation in a Letter of Credit required to be funded by it hereunder within two Business Days
      of the date such obligation arose or such Loan or Letter of Credit was required to be made or funded, unless such Lender notifies the Administrative Agent and the Lead Borrower in writing that such failure is the result of such Lender’s good faith
      determination that one or more conditions to funding (which conditions precedent, together with the applicable default or breach of a representation, if any shall be specifically identified in writing) has not been satisfied, (b) notified the
      Administrative Agent or any Issuing Bank or any Loan Party in writing that it does not intend to satisfy any such obligation or has made a public statement to the effect that it does not intend to comply with its funding obligations under this
      Agreement or under agreements in which it commits to extend credit generally, (c) failed, within three Business Days after the request of Administrative Agent or the Lead Borrower, to confirm in writing that it will comply with the terms of this
      Agreement relating to its obligations to fund prospective Loans and participations in then outstanding Letters of Credit; provided that such Lender shall cease to be a Defaulting Lender pursuant to this clause (c)
      upon receipt of such written confirmation by the Administrative Agent, (d) after the Closing Date, become (or any parent company thereof has become) insolvent or been determined by any Governmental Authority having regulatory authority over such
      Person or its assets, to be insolvent, or the assets or management of which has been taken over by any Governmental Authority or (e) after the Closing Date, become the subject of a bankruptcy or insolvency proceeding, or has had a receiver,
      conservator, trustee, administrator, assignee for the benefit of creditors or similar Person charged with reorganization or liquidation of its business or custodian, appointed for it, or has taken any action in furtherance of, or indicating its
      consent to, approval of or acquiescence in, any such proceeding or appointment, unless in the case of any Lender subject to this clause (e), the Lead Borrower and the Administrative Agent shall each have determined that such Lender intends,
      and has all approvals required to enable it (in form and substance satisfactory to each of the Lead Borrower and the Administrative Agent), to continue to perform its obligations as a Lender hereunder; provided that

      no Lender shall be deemed to be a Defaulting Lender solely by virtue of the ownership or acquisition of any Capital Stock in such Lender or its parent by any Governmental Authority; provided that such action
      does not result in or provide such Lender with immunity from the jurisdiction of courts within the U.S. or from the enforcement of judgments or writs of attachment on its assets or permit such Lender (or such Governmental Authority) to reject,
      repudiate, disavow or disaffirm any contract or agreement to which such Lender is a party.

    
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    “Default Right” shall have 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.

    “Deposit Account” means a demand, time, savings, passbook or like account with a bank, savings
      and loan association, credit union or like organization, other than an account evidenced by a negotiable certificate of deposit.

    “Derivative Transaction” means (a) any interest-rate transaction, including any interest-rate
      swap, basis swap, forward rate agreement, interest rate option (including a cap, collar or floor), and any other instrument linked to interest rates that gives rise to similar credit risks (including when-issued securities and forward deposits
      accepted), (b) any exchange-rate transaction, including any cross-currency interest-rate swap, any forward foreign-exchange contract, any currency option, and any other instrument linked to exchange rates that gives rise to similar credit risks,
      (c) any equity derivative transaction, including any equity-linked swap, any equity-linked option, any forward equity-linked contract, and any other instrument linked to equities that gives rise to similar credit risk and (d) any commodity (including
      precious metal) derivative transaction, including any commodity-linked swap, any commodity-linked option, any forward commodity-linked contract, and any other instrument linked to commodities that gives rise to similar credit risks; provided that no phantom stock or similar plan providing for payments only on account of services provided by current or former directors, officers, employees, members of management, managers or consultants of
      the Lead Borrower or its subsidiaries shall be a Derivative Transaction.

    “Designated Gross Amount” means the amount notified by the applicable Revolving Facility
      Borrower to the Administrative Agent upon the establishment of a Multi-account Overdraft as being the maximum amount of Gross Outstandings that will, at any time, be outstanding under that Multi-account Overdraft.

    “Designated Net Amount” means the amount notified by the relevant Revolving Facility Borrower
      to the Administrative Agent upon the establishment of a Multi-account Overdraft as being the maximum amount of Net Outstandings that will, at any time, be outstanding under that Multi-account Overdraft.

    “Designated Non-Cash Consideration” means the fair market value (as determined by the Lead
      Borrower in good faith) of non-Cash consideration received by the Lead Borrower or any Restricted Subsidiary in connection with any Disposition pursuant to Section 6.07(h) that is designated as Designated Non-Cash Consideration pursuant to a
      certificate of a Responsible Officer of the Lead Borrower, setting forth the basis of such valuation (which amount will be reduced by the amount of Cash or Cash Equivalents received in connection with a subsequent sale or conversion of such
      Designated Non- Cash Consideration to Cash or Cash Equivalents).

    “Disposition” or “Dispose” means the sale, lease,
      sublease, or other disposition of any property of any Person.

    “Disqualified Capital Stock” means any Capital Stock which, by its terms (or by the terms of
      any security into which it is convertible or for which it is exchangeable), or upon the happening of any event, (a) matures (excluding any maturity as the result of an optional redemption by the issuer thereof) or is mandatorily redeemable (other
      than for Qualified Capital Stock), pursuant to a sinking fund obligation or otherwise, or is redeemable at the option of the holder thereof (other than for Qualified Capital Stock and other than upon an asset sale or change in control if such right
      is subject to the prior payment in full of the Obligations), in whole or in part, on or prior to 91 days following the Latest Maturity Date at the time such Capital Stock is issued (it being understood that if any such redemption is in part, only
      such part coming into effect prior to 91 days following the Latest Maturity Date shall constitute Disqualified Capital Stock), (b) is or becomes convertible into or exchangeable (unless at the sole option of the issuer thereof) for (i) debt
      securities or (ii) any Capital Stock that would constitute Disqualified Capital Stock, in each case at any time on or prior to 91 days following the Latest Maturity Date at the time such Capital Stock is issued, (c) contains any mandatory repurchase
      obligation or any other repurchase obligation at the option of the holder thereof (other than for Qualified Capital Stock), in whole or in part, which may come into effect prior to 91 days following the Latest Maturity Date at the time such Capital
      Stock is issued (it being understood that if any such repurchase obligation is in part, only such part coming into effect prior to 91 days following the Latest Maturity Date shall constitute Disqualified Capital Stock) or (d) provides for the
      scheduled payments of dividends in Cash on or prior to 91 days following the Latest Maturity Date at the time such Capital Stock is issued; provided that

    
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    any Capital Stock that would not constitute Disqualified Capital Stock but for provisions thereof giving holders thereof (or the holders of any security
      into or for which such Capital Stock is convertible, exchangeable or exercisable) the right to require the issuer thereof to redeem such Capital Stock upon the occurrence of any change in control or any Disposition occurring prior to 91 days
      following the Latest Maturity Date at the time such Capital Stock is issued shall not constitute Disqualified Capital Stock if such Capital Stock provides that the issuer thereof will not redeem any such Capital Stock pursuant to such provisions
      prior to the Termination Date.

    Notwithstanding the preceding sentence, (A) if such Capital Stock is issued pursuant to any plan for the benefit of directors,
      officers, employees, members of management, managers or consultants or by any such plan to such directors, officers, employees, members of management, managers or consultants, in each case in the ordinary course of business of Holdings, the Lead
      Borrower or any Restricted Subsidiary, such Capital Stock shall not constitute Disqualified Capital Stock solely because it may be required to be repurchased by the issuer thereof in order to satisfy applicable statutory or regulatory obligations,
      and (B) no Capital Stock held by any future, present or former employee, director, officer, manager, member of management or consultant (or their respective Affiliates or Immediate Family Members) of the Lead Borrower (or any Parent Company or any
      subsidiary) shall be considered Disqualified Capital Stock because such stock is redeemable or subject to repurchase pursuant to any management equity subscription agreement, stock option, stock appreciation right or other stock award agreement,
      stock ownership plan, put agreement, stockholder agreement or similar agreement that may be in effect from time to time.

    “Disqualified Institution” means (a) each bank, financial institution or other institutional
      lender and Company Competitor or Affiliate of a Company Competitor identified on a list made available to the Arrangers on June 30, 2020 (as such list may be supplemented from time to time by the Lead Borrower pursuant to clause (b) below) and
      (b) any other person designated in writing to the Administrative Agent after the Closing Date to the extent such person becomes a Company Competitor or is or becomes an Affiliate of a Company Competitor (and is reasonably identifiable as such on the
      basis of such Affiliate’s name), which designation shall become effective two days after delivery of each such written supplement to the Administrative Agent, but which shall not apply retroactively to disqualify any persons with respect to any
      amounts that such person has  previously acquired by assignment or participation interest in the Loans and Commitments; provided that a Company Competitor or an Affiliate of a Company Competitor shall not
      include any Bona Fide Debt Fund.

    “Dollar Equivalent” means, with respect to (i) an amount denominated in U.S. Dollars, such
      amount, (ii) an amount denominated in any Alternative Currency, the equivalent in U.S. Dollars of such amount determined at the Exchange Rate on the applicable date designated by the Administrative Agent, and (iii) any Ancillary Commitment (or
      Ancillary Outstandings), (A) if the amount specified in the notice delivered to the Administrative Agent by the Borrower pursuant to Section 2.26(a)(ii) is in U.S. Dollars, the amount thereof and (B) if the amount specified is denominated in
      Alternative Currency, the amount thereof converted to U.S. Dollars in accordance with Section 1.09.

    “Dollar LC Disbursement” means a payment or disbursement made by an Issuing Bank pursuant to a
      Dollar Letter of Credit.

    “Dollar LC Exposure” means, at any time, the sum of (a) the aggregate undrawn and unexpired
      amount of all outstanding Dollar Letters of Credit at such time and (b) the aggregate principal amount of all Dollar LC Disbursements that have not yet been reimbursed at such time.  The Dollar LC Exposure of any Revolving Lender at any time shall
      equal its Dollar Revolving Applicable Percentage of the aggregate Dollar LC Exposure at such time.  For all purposes of this Agreement, (x) if on any date of determination a Dollar Letter of Credit has expired by its terms but any amount may still be
      drawn thereunder by reason of the operation of Rule 3.14 of the International Standby Practices (ISP98), such Dollar Letter of Credit shall be deemed to be “outstanding” in the amount so remaining available to be drawn and (y) unless otherwise
      specified herein, the amount of a Dollar Letter of Credit at any time shall be deemed to be the stated amount of such Dollar Letter of Credit in effect at such time; provided that with respect to any Dollar
      Letter of Credit that, by its terms or the terms of any document related thereto, provides for one or more automatic increases in the stated amount thereof, the amount of such Dollar Letter of Credit shall be deemed to be the maximum stated amount of
      such Dollar Letter of Credit after giving effect to all such increases, whether or not such maximum stated amount is in effect at such time.

    
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    “Dollar LC Obligations” means, at any time, the sum of (a) the amount available to be drawn
      under Dollar Letters of Credit then outstanding, assuming compliance with all requirements for drawings referenced therein, plus (b) the aggregate principal amount of all unreimbursed Dollar LC
      Disbursements.

    “Dollar Letter of Credit” means any Standby Letter of Credit or Commercial Letter of Credit
      denominated in U.S. Dollars issued (or, in the case of any Existing Dollar Letter of Credit, deemed to be issued) pursuant to this Agreement under the Dollar Revolving Facility.

    “Dollar Letter of Credit Sublimit” means $60 million.  For the avoidance of doubt, Existing
      Dollar Letters of Credit shall be counted towards the Dollar Letter of Credit Sublimit.

    “Dollar Revolving Applicable Percentage” means, with respect to any Dollar Revolving Lender
      for any Class, the percentage of the Total Dollar Revolving Credit Commitment represented by such Lender’s Dollar Revolving Credit Commitment for such Class; provided that for purposes of Section 2.21
      and otherwise herein, when there is a Defaulting Lender, any such Defaulting Lender’s Dollar Revolving Credit Commitment shall be disregarded in the relevant calculations.  In the event the Dollar Revolving Credit Commitments for any Class shall have
      expired or been terminated, the Dollar Revolving Applicable Percentages of any Dollar Revolving Lender of such Class shall be determined on the basis of the Dollar Revolving Credit Exposure of the applicable Dollar Revolving Lenders of such Class,
      giving effect to any assignments and to any Dollar Revolving Lender’s status as a Defaulting Lender at the time of determination.

    “Dollar Revolving Credit Commitment” means, with respect to each Lender, the commitment of
      such Lender to make Dollar Revolving Loans (and acquire participations in Dollar Letters of Credit) hereunder as set forth on the Commitment Schedule, or in the Assignment and Assumption pursuant to which such Lender assumed its Dollar Revolving
      Credit Commitment, as applicable, as the same may be (a) reduced from time to time pursuant to Section 2.09, Section 2.11, Section 2.19 or Section 9.02(c), (b) reduced or increased from time to time pursuant to
      assignments by or to such Lender pursuant to Section 9.05, (c) increased as part of an Incremental Revolving Facility or (d) other than for purposes of determining the Required Lenders, if such Lender is an Ancillary Lender, decreased by the
      amount of such Lender’s Ancillary Commitment (and increased to the extent such Ancillary Commitment is subsequently reduced, cancelled or terminated).

    “Dollar Revolving Credit Exposure” means, with respect to any Lender at any time, the
      aggregate Outstanding Amount at such time of all Dollar Revolving Loans of such Lender plus the aggregate amount at such time of such Lender’s Dollar LC Exposure.

    “Dollar Revolving Facility” means, at any time, the aggregate amount of the Dollar Revolving
      Lenders’ Dollar Revolving Credit Commitments at such time, which shall be funded in U.S. Dollars.

    “Dollar Revolving Lender” means a Lender with a Dollar Revolving Credit Commitment or an
      Additional Revolving Commitment or an outstanding Dollar Revolving Loan or Additional Revolving Loan.

    “Dollar Revolving Loans” means the revolving Loans under the Dollar Revolving Facility made by
      the Lenders to the Lead Borrower pursuant to Section 2.01(a)(ii), 2.22, 2.23 or 9.02(c)(ii).

    “Dollar Revolving Credit Maturity Date” means the date that is five years after the Closing
      Date.

    “Domestic Subsidiary” means any Restricted Subsidiary incorporated or organized under the laws
      of the U.S., any state thereof or the District of Columbia.

    “DQ List” has the meaning assigned to such term in Section 9.05(f)(iv).

    “Early Opt-in Election” means the occurrence of: (a) (i) a determination
      by the Administrative Agent or (ii) a notification by the Required Lenders to the Administrative Agent (with a copy to the Borrower) that the Required Lenders have determined that U.S. dollar-denominated syndicated credit facilities being executed at
      such

    
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    time, or that include language similar to that contained in Section 2.27 are being executed or amended, as applicable, to incorporate or adopt a
      new benchmark interest rate to replace the LIBO Rate, and (b) (i) the election by the Administrative Agent or (ii) the election by the Required Lenders to declare that an Early Opt-in Election has occurred and the provision, as applicable, by the
      Administrative Agent of written notice of such election to the Lead Borrower and the Lenders or by the Required Lenders of written notice of such election to the Administrative Agent.

    “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.

    “Eligible Assignee” means (a) any Lender, (b) any commercial bank, insurance company, or
      finance company, financial institution, any fund that invests in loans or any other “accredited investor” (as defined in Regulation D of the Securities Act), (c) any Affiliate of any Lender or (d) any Approved Fund of any Lender; provided that in any event, “Eligible Assignee” shall not include (i) any natural person, (ii) any Disqualified Institution or (iii)  the Lead Borrower or any of its Affiliates.

    “Engagement Letter” means that certain Engagement Letter, dated as of June 15, 2020, by and
      between the Lead Borrower, Royal Bank of Canada and JPMorgan Chase Bank, N.A..

    “Environment” means ambient air, indoor air, surface water, groundwater, drinking water, land
      surface and subsurface strata & natural resources such as wetlands, flora and fauna.

    “Environmental Claim” means any written notice, notice of violation, claim, action, suit,
      proceeding, demand, abatement order or other order (conditional or otherwise), by any Governmental Authority or any other Person, arising (a) pursuant to or in connection with any actual or alleged violation of any Environmental Law; (b) in
      connection with any Hazardous Material or any actual or alleged Hazardous Materials Activity; or (c) in connection with any actual or alleged damage, injury, threat or harm to the Environment.

    “Environmental Laws” means any and all foreign or domestic, federal or state (or any
      subdivision of either of them), statutes, ordinances, orders, rules, regulations, judgments, Governmental Authorizations, or any other applicable requirements of Governmental Authorities and common law relating to (a) environmental matters, including
      those relating to any Hazardous Materials Activity; or (b) the generation, use, storage, transportation or disposal of or exposure to Hazardous Materials, in any manner applicable to the Lead Borrower or any of its Restricted Subsidiaries or any
      Facility.

    “Environmental Liability” means any liability, contingent or otherwise (including any
      liability for damages, costs of environmental investigation or remediation, fines, penalties or indemnities), resulting from or based upon (a) violation of any Environmental Law, (b) the generation, use, handling, transportation, storage, treatment
      or disposal of any Hazardous Materials, (c) exposure to any Hazardous Materials, (d) the Release or threatened Release of any Hazardous Materials into the Environment or (e) any contract, agreement or other consensual arrangement pursuant to which
      liability is assumed or imposed with respect to any of the foregoing.

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

    
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    “ERISA Affiliate” means, as applied to any Person, (a) any corporation which is a member of a
      controlled group of corporations within the meaning of Section 414(b) of the Code of which that Person is a member; and (b) any trade or business (whether or not incorporated) which is a member of a group of trades or businesses under common control
      within the meaning of Section 414(c) of the Code of which that Person is a member; or solely for purposes of Section 412 of the Code, an affiliated service group under Code Section 414(m).

    “ERISA Event” means (a) a “reportable event” within the meaning of Section 4043 of ERISA and
      the regulations issued thereunder with respect to any Pension Plan (excluding those for which the 30-day notice period has been waived); (b) the failure to meet the minimum funding standard of Section 412 of the Code with respect to any Pension Plan,
      or the filing of any request for or receipt of a minimum funding waiver under Section 412 of the Code with respect to any Pension Plan or a failure to make a required contribution to a Multiemployer Plan; (c) the provision by the administrator of any
      Pension Plan pursuant to Section 4041(a)(2) of ERISA of a notice of intent to terminate such plan in a distress termination described in Section 4041(c) of ERISA; (d) the withdrawal by the Lead Borrower, any of its Restricted Subsidiaries or any of
      its respective ERISA Affiliates from any Pension Plan with two or more contributing sponsors or the termination of any such Pension Plan resulting in liability to the Lead Borrower, any of its Restricted Subsidiaries or any of its respective ERISA
      Affiliates pursuant to Section 4063 or 4064 of ERISA; (e) the institution by the PBGC of proceedings to terminate any Pension Plan; (f) the imposition of liability on the Lead Borrower, any of its Restricted Subsidiaries or any of its respective
      ERISA Affiliates pursuant to Section 4062(e) or 4069 of ERISA or by reason of the application of Section 4212(c) of ERISA; (g) a complete or partial withdrawal (within the meaning of Sections 4203 and 4205 of ERISA) of the Lead Borrower, any of its
      Restricted Subsidiaries or any of its respective ERISA Affiliates from any Multiemployer Plan, or the receipt by the Lead Borrower, any of its Restricted Subsidiaries or any of its respective ERISA Affiliates of notice from any Multiemployer Plan
      that it is in insolvency pursuant to Section  4245 of ERISA, or that it intends to terminate or has terminated under Section 4041A or 4042 of ERISA or is in “endangered” or “critical” status, within the meaning of Section 432 of the Code or
      Section 305 of ERISA; (h) a failure by the Lead Borrower, any of its Restricted Subsidiaries or any of its respective ERISA Affiliates to pay when due (after expiration of any applicable grace period) any installment payment with respect to
      withdrawal liability under Section 4201 of ERISA; (i) a determination that any Pension Plan is, or is reasonably expected to be, in “at-risk” status, within the meaning of Section 430(i)(4) of the Code or Section 303(i)(4) of ERISA; or (j) the
      incurrence of liability or the imposition of a Lien pursuant to Section 436 or 430(k) of the Code or pursuant to ERISA with respect to any Pension Plan.

    “Eurocurrency” means when used in reference to any Loan or Borrowing, shall refer to whether
      such Loan, or the Loans comprising such Borrowing, are bearing interest at a rate determined by reference to the LIBO Rate or the BA Rate, as applicable.

    “European Insolvency Regulation” means Council Regulation (EC) No. 1346/2000 of May 29, 2012
      on Insolvency Proceedings, as amended from time to time.

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

    “Event of Default” has the meaning assigned to such term in Article 7.

    “Exchange Act” means the Securities Exchange Act of 1934 and the rules and regulations of the
      SEC promulgated thereunder.

    “Exchange Currency” has the meaning assigned to such term in the definition of “Exchange
      Rate”.

    “Exchange Rate” means on any day with respect to any currency (the “Initial Currency”), the rate at which such currency may be exchanged into another currency (the “Exchange Currency”), as set forth at approximately the close of business on the Business Day that
      such conversion is to be made (or, if such conversion is to be made before close of business on such Business Day, then at approximately the close of business on the immediately preceding Business Day) on such day on the Reuters World Currency Page
      for the Initial Currency; in the event that such rate does not appear on any Reuters World Currency Page, the Exchange Rate shall be

    
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    determined by reference to such other publicly available service for displaying exchange rates as may be agreed upon by the Administrative Agent and the
      Lead Borrower, or, in the absence of such agreement, such Exchange Rate shall instead be the arithmetic average of the spot rates of exchange of the Administrative Agent in the market where its foreign currency exchange operations in respect of the
      Initial Currency are then being conducted, at or about the close of business on the Business Day that such conversion is to be made (or, if such conversion is to be made before close of business on such Business Day, then at approximately the close
      of business on the immediately preceding Business Day) for the purchase of the Exchange Currency for delivery two Business Days later; provided that if at the time of any such determination, no such spot
      rate can reasonably be quoted, the Administrative Agent may use any reasonable method as it deems applicable to determine such rate, and such determination shall be conclusive absent manifest error.

    “Excluded Assets” means each of the following:

    (a)          any contract, instrument, lease,
        licenses, agreement, franchise, charter, authorization, or other document as to which the grant of a security interest would (i) constitute a violation of a restriction in favor of a third party (other than the Lead Borrower or any of its
        Restricted Subsidiaries) or result in the abandonment, invalidation or unenforceability of any right of the relevant Loan Party, unless and until any required consents shall have been obtained, or (ii) result in a breach, termination (or a right of
        termination) or default under such contract, instrument, lease, license, agreement, franchise, charter, authorization or other document (including pursuant to any “change of control” or similar provision); provided,
        however, that any such asset will only constitute an Excluded Asset under clause (i) or clause (ii) above to the extent such violation or breach, termination (or right of termination) or
        default would not be rendered ineffective pursuant to Sections 9-406, 9-407, 9-408 or 9-409 of the UCC (or any successor provision or provisions) of any relevant jurisdiction or any other applicable law; provided,
        further, that any such asset shall cease to constitute an Excluded Asset at such time as the condition causing such violation, breach, termination (or right of termination) or default or right to amend or
        require other actions no longer exists and to the extent severable, the security interest granted under the applicable Collateral Document shall attach immediately to any portion of such contract, instrument, lease, license, agreement, franchise,
        charter, authorization or document that does not result in any of the consequences specified in clauses (i) and (ii) above,

    (b)          the Capital Stock of any (i) Immaterial
        Subsidiary (except to the extent the security interest in such Capital Stock may be perfected by the filing of a Form UCC-1 (or similar) financing statement), (ii) Unrestricted Subsidiary (except to the extent the security interest in such Capital
        Stock may be perfected by the filing of a Form UCC-1 (or similar) financing statement), and/or (iii) not-for-profit subsidiary,

    (c)          (i) any intent-to-use (or similar)
        Trademark application prior to the filing and acceptance of a “Statement of Use”, “Amendment to Allege Use” or similar filing with respect thereto, only to the extent, if any, that, and solely during the period, in which, if any, the grant of a
        security interest therein may impair the validity or enforceability of such intent-to-use Trademark application under applicable law and (ii) unless agreed to by the Lead Borrower and the Administrative Agent, any IP Rights registered in any
        foreign jurisdiction,

    (d)          any asset or property, the grant or
        perfection of a security interest in which would (A) require any governmental or third party consent, approval, license or authorization that has not been obtained, (B) be prohibited by enforceable anti-assignment provisions of applicable
        Requirements of Law, except, in the case of this clause (B), to the extent such prohibition would be rendered ineffective under the UCC or other applicable law notwithstanding such prohibition, or (C) be prohibited by enforceable
        anti-assignment provisions of contracts governing such asset in existence on the Closing Date (or on the date of acquisition of the relevant asset (and in each case not entered into in anticipation of the Closing Date or such acquisition and
        except, in each case, to the extent that term in such contract providing for such prohibition purports to prohibit the granting of a security interest over all assets of such Loan Party or any other Loan Party)) other than to the extent such
        prohibition would be rendered in effective under the UCC or other applicable law,

    (e)          (i) any leasehold Real Estate Asset,
        (ii) any owned Real Estate Asset that is not a Material Real Estate Asset and (iii) any fixtures affixed to any Real Estate Asset to the extent a security interest in such fixtures may not be perfected by a Form UCC-1 (or similar) financing
        statement in the jurisdiction of organization of the applicable Loan Party or the jurisdiction of location of such assets, as applicable,

    
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    (f)          any interest in any partnership, joint
        venture or non-Wholly-Owned Subsidiary which cannot be pledged without (i) the consent of one or more third parties other than the Lead Borrower or any of its Restricted Subsidiaries (after giving effect to Section 9-406, 9-407, 9-408 or 9-409 of
        the UCC (or any successor provision or provisions) of any relevant jurisdiction or any other applicable law) or (ii) giving rise to a “right of first refusal”, a “right of first offer” or a similar right that may be exercised by any third party,

    (g)          any Margin Stock,

    (h)          (i) the Capital Stock of any Foreign
        Subsidiary that is a CFC or of a CFC Holdco, other than 65% of the issued and outstanding voting Capital Stock and 100% of the issued and outstanding non-voting Capital Stock of each such first-tier subsidiary, (ii) the Capital Stock of any
        Subsidiary of such first-tier subsidiary and (iii) the assets of any (x) Excluded Subsidiary or (y) Subsidiary substantially all of the assets of which consist of the Capital Stock of an Excluded Subsidiary,

    (i)          Commercial Tort Claims with a value (as
        reasonably estimated by the Lead Borrower) of less than $15,000,000,

    (j)          any Cash or Cash Equivalents comprised
        of (a) funds specially and exclusively used or to be used for payroll and payroll taxes and other employee benefit payments to or for the benefit of any Loan Party’s employees, (b) funds used or to be used to pay all Taxes required to be collected,
        remitted or withheld (including, without limitation, U.S. federal and state withholding Taxes (including the employer’s share thereof)) and (c) any other funds which any Loan Party holds as an escrow or fiduciary for the benefit of another Person,

    (k)          any accounts receivable and related
        assets (or interests therein) that are (i) sold to any Receivables Subsidiary or (ii) otherwise pledged, factored, transferred or sold in connection with any Permitted Receivables Financing,

    (l)          (i) as-extracted collateral, (ii) timber
        to be cut, (iii) farm products, or (iv) manufactured homes, in the case of clauses (l)(iii) and (l)(iv), other than to the extent constituting inventory,

    (m)          assets subject to liens securing
        permitted securitization financing (including receivables financings);

    (n)          any payroll accounts, tax accounts,
        accounts or funds held or received on behalf of third parties,

    (o)          any asset subject to a Lien of the type
        permitted by Section 6.02(m), 6.02(n), or 6.02(o), in each case if, to the extent and for so long as the grant of a Lien thereon or the assignment thereof to secure any Secured Obligations is prohibited or requires the consent of any Person (other
        than any Loan Party) as a condition to the creation of any other security interest on such asset, and

    (p)          any asset with respect to which the
        Administrative Agent and the Lead Borrower have reasonably determined that the cost, burden, difficulty or consequence (including any effect on the ability of the relevant Loan Party to conduct its operations and business in the ordinary course of
        business) of obtaining, perfecting or maintaining a pledge or security interest therein, or obtaining such title insurance, legal opinions or other deliverables in respect of such assets, or providing such Guarantees outweighs the benefit of a
        security interest to the relevant Secured Parties afforded thereby.

    “Excluded Debt Contribution” has the meaning assigned to such term in Section 6.01(r).

    “Excluded Subsidiary” means:

    (a)          any Restricted Subsidiary that is not a
        Wholly-Owned Subsidiary,

    (b)          any Immaterial Subsidiary,

    
      -25-

      
        

    

    (c)          any Restricted Subsidiary that is
        prohibited by law, regulation or contractual obligation existing on the Closing Date or at the time such Restricted Subsidiary becomes a subsidiary (which Contractual Obligation was not entered into in contemplation of such Restricted Subsidiary
        becoming a subsidiary) from providing a Loan Guaranty or that would require a governmental (including regulatory) consent, approval, license or authorization to provide a Loan Guaranty,

    (d)          any not-for-profit subsidiary,

    (e)          any special purpose entity used for any
        Permitted Receivables Financing,

    (f)          any Foreign Subsidiary that is a CFC,

    (g)          (i) any CFC Holdco and/or (ii) any
        Domestic Subsidiary that is a direct or indirect subsidiary of any (x) Foreign Subsidiary that is a CFC or (y) CFC Holdco,

    (h)          any Unrestricted Subsidiary; and

    (i)          any other Restricted Subsidiary with
        respect to which, in the reasonable judgment of the Administrative Agent and the Lead Borrower, the burden or cost of providing a Loan Guaranty outweighs the benefits afforded thereby.

    “Excluded Swap Obligation” means, with respect to any Guarantor under the Loan Guaranty, any
      Swap Obligation if, and to the extent that, all or a portion of the Loan Guaranty of such Guarantor of, or the grant by such Guarantor of a security interest to secure, such Swap Obligation (or any Loan Guaranty 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 Guarantor’s failure for any reason to constitute an “eligible
      contract participant” as defined in the Commodity Exchange Act and the regulations thereunder (determined after giving effect to Section 3.20 of the Loan Guaranty and any other “keepwell,” support or other agreement for the benefit of such
      Guarantor) at the time the Loan Guaranty of such Guarantor or the grant of such security interest becomes effective with respect to such Swap Obligation.  If a Swap Obligation arises under a master agreement governing more than one swap, such
      exclusion shall apply only to the portion of such Swap Obligation that is attributable to swaps for which such Loan Guaranty or security interest is or becomes illegal.

    “Excluded Taxes” means, (i) with respect to the Administrative Agent, any Lender, any
      Ancillary Lender, any Issuing Bank, or any other recipient of any payment to be made by or on account of any obligation of any Loan Party hereunder, (a) Taxes imposed on (or measured by) its net income or franchise Taxes (i) by the jurisdiction under
      the laws of which such recipient is organized or in which its principal office is located or, in the case of any Lender or any Ancillary Lender, in which its applicable lending office is located or (ii) that are Other Connection Taxes, (b) any branch
      profits taxes imposed under Section 884(a) of the Code by the U.S. or any similar tax imposed by any other jurisdiction described in clause (a), (c) in the case of any Lender or any Ancillary Lender, any U.S. federal withholding tax that is
      imposed on amounts payable to such Lender or such Ancillary Lender pursuant to a Requirement of Law in effect at the time such Lender becomes a party to this Agreement (or designates a new lending office) or such Ancillary Lender becomes an Ancillary
      Lender, except (i) pursuant to an assignment or designation of a new lending office under Section 2.19 and (ii) to the extent that such Lender (or its assignor, if any) was entitled, immediately prior to the designation of a new lending
      office (or assignment), to receive additional amounts from any Loan Party with respect to such withholding tax pursuant to Section 2.17, (d) any tax imposed as a result of a failure by any Lender, any Ancillary Lender or any Issuing Bank to
      comply with Section 2.17(f) and (e) any U.S. withholding tax under FATCA.

    “Existing Dollar Letter of Credit” means any letter of credit previously issued that (A) will
      remain outstanding on the Closing Date and (b) is listed on Schedule 1.01(b)-I, including any extension or renewal thereof.

    
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    “Existing Letter of Credit” means any Existing Dollar Letter of Credit or Existing
      Multicurrency Letter of Credit.

    “Existing Multicurrency Letter of Credit” means any
      letter of credit previously issued that (A) will remain outstanding on the Closing Date and (b) is listed on Schedule 1.01(b)-II, including any extension or renewal thereof.

    “Extended Revolving Credit Commitment” has the meaning assigned to such term in Section 2.23(a)(i).

    “Extended Revolving Loans” has the meaning assigned to such term in Section 2.23(a)(i).

    “Extension” has the meaning assigned to such term in Section 2.23(a).

    “Extension Offer” has the meaning assigned to such term in Section 2.23(a).

    “Facility” means any real property (including all buildings, fixtures or other improvements
      located thereon) now, hereafter or, except with respect to Articles 5 and 6, hereof owned, leased, operated or used by the Lead Borrower or any of its Restricted Subsidiaries.

    “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 agreements entered into pursuant to Section 1471(b)(1) of the
      Code, and any treaty, law, regulation or other official guidance enacted in any other jurisdiction relating to any intergovernmental agreement between the U.S. and any other jurisdiction that facilitates the implementation of such Sections of the
      Code.

    “FCPA” has the meaning assigned to such term in Section 3.17(c).

    “Federal Funds Effective Rate” means, for any day, the weighted average of the rates on
      overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers, as published on the next succeeding Business Day by the Federal Reserve Bank of New York, or, if such rate is not so published for any
      day that is a Business Day, the average of the quotations for such day for such transactions received by Administrative Agent from three Federal funds brokers of recognized standing selected by it; provided that,

      if the Federal Funds Effective Rate shall be less than zero, such rate shall be deemed to be zero for purposes of this Agreement.

    “Federal Reserve Bank of New York’s Website” means the website of the Federal Reserve Bank of
      New York at http://www.newyorkfed.org, or any successor source.

    “First Lien Net Leverage Ratio” means the ratio, as of any date of determination, of
      (a) Consolidated First Lien Debt as of such date (net of (i) unrestricted Cash and Cash Equivalents and (ii) Cash and Cash Equivalents restricted in favor of the Credit Facilities (which may also include Cash and Cash Equivalents securing other
      Indebtedness secured by a Lien on the Collateral)) to (b) Consolidated Adjusted EBITDA for the Test Period then most recently ended or the Test Period otherwise specified where the term “First Lien Net Leverage Ratio” is used in this Agreement, in
      each case for the Lead Borrower and its Restricted Subsidiaries on a consolidated basis.

    “First Lien/Second Lien Intercreditor Agreement” means an intercreditor agreement
      substantially in the form of Exhibit O hereto, or such other customary form reasonably acceptable to the Administrative Agent and the Lead Borrower, as such document may be amended, restated, supplemented or otherwise modified from time to
      time, and, in the case of any Borrower and/or Subsidiary Guarantor organized outside of the United States, such intercreditor agreement shall reflect then customary market terms for non-domestic Borrowers that are reasonably satisfactory to the Lead
      Borrower and the Administrative Agent.

    
      -27-

      
        

    

    “First Priority” means, with respect to any Lien purported to be created in any Collateral
      pursuant to any Collateral Document, that, subject to any applicable Intercreditor Agreement such Lien is senior in priority to any other Lien to which such Collateral is subject, other than any Permitted Lien.

    “Fiscal Quarter” means a fiscal quarter of any Fiscal Year.

    “Fiscal Year” means the fiscal year of the Lead Borrower ending September 30 of each calendar
      year.

    “Fixed Amounts” has the meaning assigned to such term in Section 1.11(c).

    “Fixed Charge Coverage Ratio” means with respect to any specified Person for any period, the
      ratio of the Consolidated Adjusted EBITDA of such Person for such period to the Fixed Charges of such Person for such period.

    “Fixed Charges” means, with respect to any specified Person for any period, the sum, without
      duplication, of:

    (1)          the consolidated
        interest expense of such Person and its Restricted Subsidiaries for such period, whether paid or accrued, including, without limitation, amortization of debt issuance costs and original issue discount, non-Cash interest payments, the interest
        component of any deferred payment obligations, the interest component of all payments associated with Capital Leases, commissions, discounts and other fees and charges incurred in respect of letter of credit or bankers’ acceptance financings, and
        net of the effect of all payments made, received or accrued in connection with Hedging Obligations (but excluding unrealized gains or losses with respect thereto), but excluding (i) amortization of deferred financing fees, debt issuance costs,
        commissions, fees and expenses, (ii) any expensing of bridge, commitment and other financing fees, (iii) any redemption premiums, prepayment fees, or other charges or penalties incurred in connection with the Transactions or the Prior Transactions
        and (iv) any premiums, fees or other charges incurred in connection with the refinancing of Indebtedness of the Lead Borrower on the Closing Date, until such amounts are repaid in each case of (i) through (iv), to the extent included in any of the
        foregoing items listed in clause (1)); plus

    (2)          the consolidated
        interest of such Person and its Restricted Subsidiaries that was capitalized during such period; plus

    (3)          any interest expense
        on Indebtedness of another Person that is Guaranteed by such Person or one of its Restricted Subsidiaries, or secured by a Lien on assets of such Person or one of its Restricted Subsidiaries, whether or not such Guarantee or Lien is called upon;
        plus

    (4)          the product of
        (a) all dividends, whether paid or accrued and whether or not in Cash, on any series of Disqualified Capital Stock of such Person or any of its Restricted Subsidiaries, other than (i) dividends on Capital Stock payable solely in Capital Stock of
        the Lead Borrower (other than Disqualified Capital Stock) or (ii) dividends to the Lead Borrower or a Restricted Subsidiary of the Lead Borrower, times (b) a fraction, the numerator of which is one and the denominator of which is one minus the then
        current combined federal, state and local statutory tax rate of such Person, expressed as a decimal, in each case, on a consolidated basis and in accordance with GAAP.

    Notwithstanding the foregoing, any additional charges arising from (i) the application of Accounting Standards Codification
      Topic 480-10-25-4 “Distinguishing Liabilities from Equity—Overall Recognition” to any series of preferred stock other than Disqualified Capital Stock or (ii) the application of Accounting Standards Codification Topic 470-20-25 “Debt—Debt with
      Conversion Options—Recognition,” in each case, shall be disregarded in the calculation of Fixed Charges.

    
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    “Flood Hazard Property” means any parcel of any Material Real Estate Asset subject to a
      Mortgage located in the U.S. in an area designated by the Federal Emergency Management Agency as having special flood or mud slide hazards.

    “Flood Insurance Laws” means, collectively, (i) the National Flood Insurance Act of 1968 as
      now or hereafter in effect or any successor statute thereto, (ii) the Flood Disaster Protection Act of 1973 as now or hereafter in effect or any successor statue thereto, (iii) the National Flood Insurance Reform Act of 1994 as now or hereafter in
      effect or any successor statute thereto, (iv) the Flood Insurance Reform Act of 2004 as now or hereafter in effect or any successor statute thereto and (v) Biggert-Waters Flood Insurance Reform Act of 2012 as now or hereafter in effect or any
      successor statute thereto.

    “Foreign Lender” means any Lender that is not a “United States person” within the meaning of
      Section 7701(a)(30) of the Code.

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

    “Funding Account” has the meaning assigned to such term in Section 2.03(f).

    “GAAP” means generally accepted accounting principles in the U.S. in effect and applicable to
      the accounting period in respect of which reference to GAAP is made.

    “German Borrower” has the meaning assigned to such term in the definition of “Revolving
      Facility Borrowers”.

    “Governmental Authority” means any federal, state, municipal, national or other government,
      governmental department, commission, board, bureau, court, agency or instrumentality or political subdivision thereof or any entity or officer exercising executive, legislative, judicial, regulatory or administrative functions of or pertaining to any
      government or any court, in each case whether associated with a state or locality of the U.S., the U.S., or a foreign government or any other political subdivision thereof (including any supra-national bodies such as the European Union or the
      European Central Bank).

    “Governmental Authorization” means any permit, license, authorization, plan, directive,
      consent order or consent decree of or from any Governmental Authority.

    “Granting Lender” has the meaning assigned to such term in Section 9.05(e).

    “Gross Outstandings” means, in relation to a Multi-account Overdraft, the Ancillary
      Outstandings of that Multi-account Overdraft but calculated on the basis that the words “net of any credit balance on any account of any Borrower under any Ancillary Facility with the relevant Ancillary Lender to the extent that such credit balance
      is freely available to be set-off by such Ancillary Lender against liabilities owing by such Borrower under such Ancillary Facility” in clause (a) of the definition of “Ancillary Outstandings” were deleted.

    “Guarantee” of or by any Person (the “Guarantor”)
      means any obligation, contingent or otherwise, of the Guarantor guaranteeing or having the economic effect of guaranteeing any Indebtedness or other monetary obligation of any other Person (the “Primary Obligor”)

      in any manner and including any obligation of the Guarantor (a) to purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness or other monetary obligation or to purchase (or to advance or supply funds for the
      purchase of) any security for the payment thereof, (b) to purchase or lease property, securities or services for the purpose of assuring the owner of such Indebtedness or other monetary obligation of the payment thereof, (c) to maintain working
      capital, equity capital or any other financial statement condition or liquidity of the Primary Obligor so as to enable the Primary Obligor to pay such Indebtedness or other monetary obligation, (d) as an account party in respect of any letter of
      credit or letter of guaranty issued to support such Indebtedness or monetary obligation, (e) entered into for the purpose of assuring in any other manner the obligee in respect of such Indebtedness or other monetary obligation of the payment or
      performance thereof or to protect such obligee against loss in respect thereof (in whole or in part) or (f) secured by any Lien on any assets of such Guarantor securing any Indebtedness or other monetary obligation of

    
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    any other Person, whether or not such Indebtedness or monetary other obligation is assumed by such Guarantor (or any right, contingent or otherwise, of
      any holder of such Indebtedness or other monetary obligation to obtain any such Lien); provided that the term “Guarantee” shall not include endorsements for collection or deposit in the ordinary course of
      business, or customary and reasonable indemnity obligations in effect on the Closing Date or entered into in connection with any acquisition, Disposition or other transaction permitted under this Agreement (other than such obligations with respect to
      Indebtedness).  The amount of any Guarantee shall be deemed to be an amount equal to the stated or determinable amount of the related primary obligation, or portion thereof, in respect of which such Guarantee is made or, if not stated or
      determinable, the maximum reasonably anticipated liability in respect thereof as determined by the guaranteeing Person in good faith.

    “Guarantor” has the meaning assigned to such term in the definition of “Guarantee”.

    “Hazardous Materials” means any chemical, material, substance or waste, or any constituent
      thereof, which is prohibited, limited or regulated as “toxic”, “hazardous” or as a “pollutant” or “contaminant” or words of similar meaning or effect by any Environmental Law or any Governmental Authority.

    “Hazardous Materials Activity” means any activity, event or occurrence involving any Hazardous
      Material, including the use, manufacture, possession, storage, Release, threatened Release, discharge, placement, generation, transportation, processing, construction, treatment, abatement, removal, remediation, disposal, disposition or handling of
      any Hazardous Material, and any corrective action or response action with respect to any of the foregoing.

    “Hedge Agreement” means any agreement with respect to any Derivative Transaction between any
      Loan Party or any Restricted Subsidiary and any other Person.

    “Hedging Obligations” means, with respect to any Person, the obligations of such Person under
      any Hedge Agreement.

    “Holdings” means (a) SB/RH Holdings, LLC, a Delaware limited liability company and (b) any
      successor to Holdings following a transaction permitted by Section 6.14(d).

    “Immaterial Subsidiary” means, as of any date, any Restricted Subsidiary of the Lead Borrower
      (a) that does not have assets in excess of 2.5% of Consolidated Total Assets of the Lead Borrower and its Restricted Subsidiaries and (b) that does not contribute Consolidated Adjusted EBITDA in excess of 2.5% of the Consolidated Adjusted EBITDA of
      the Lead Borrower and its Restricted Subsidiaries, in each case, as of the last day of the most recently ended Test Period; provided that the Consolidated Total Assets and Consolidated Adjusted EBITDA (as so
      determined) of all Immaterial Subsidiaries shall not exceed 5.0% of Consolidated Total Assets and 5.0% of Consolidated Adjusted EBITDA, in each case, of the Lead Borrower and its Restricted Subsidiaries for the relevant Test Period; provided, further, that, at all times prior to the first delivery of financial statements pursuant to Section 5.01(a) or (b), this definition shall be
      applied based on the pro forma consolidated financial statements of the Lead Borrower delivered pursuant to Section 4.01.

    “Immediate Family Member” means, with respect to any individual, such individual’s child,
      stepchild, grandchild or more remote descendant, parent, stepparent, grandparent, spouse, former spouse, domestic partner, former domestic partner, sibling, mother-in-law, father-in-law, son-in-law and daughter-in-law (including adoptive
      relationships), any trust, partnership or other bona fide estate-planning vehicle the only beneficiaries of which are any of the foregoing individuals, such individual’s estate (or an executor or administrator acting on its behalf), heirs or legatees
      or any private foundation or fund that is controlled by any of the foregoing individuals or any donor-advised fund of which any such individual is the donor.

    “Incremental Cap” means:

    (a)          (i) the greater of $600,000,000 and 100%
        of Consolidated Adjusted EBITDA less (ii) the aggregate principal amount of all Incremental Facilities and Incremental Equivalent Debt incurred or issued in reliance on clause (a)(i) of this
        definition, plus

    
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    (b)          in the case of any Incremental Facility
        that effectively extends the Maturity Date with respect to any Class of Loans and/or commitments hereunder, an amount equal to the portion of the relevant Class of Loans or commitments that will be replaced by such Incremental Facility, plus

    (c)          in the case of any Incremental Facility
        that effectively replaces any Revolving Credit Commitment terminated in accordance with Section 2.19, an amount equal to the relevant terminated Revolving Credit Commitment, plus

    (d)          (A) the amount of any optional
        prepayment of any Loan including any Loan under any Incremental Facility or any Incremental Equivalent Debt (other than, in each case, incurred pursuant to clause (e) below) in accordance with Section 2.11(a) (accompanied, to the extent
        such prepayments are of Revolving Loans, by a commitment reduction in the like amount under the applicable Revolving Facility) and/or the amount of any permanent reduction of any Revolving Credit Commitment or Additional Revolving Commitment so
        long as, in the case of any optional prepayment, such prepayment was not funded (i) with the proceeds of any long-term Indebtedness (other than revolving Indebtedness) or (ii) with the proceeds of any Incremental Facility incurred in reliance on clause (b)
        or clause (c) above less (B) the aggregate principal amount of all Incremental Facilities and Incremental Equivalent Debt incurred or issued in reliance on clause (d)(A) of this definition, plus

    (e)          an unlimited amount so long as, in the
        case of this clause (e), if such Incremental Facility is secured by a Lien on the Collateral that is pari passu with the Lien securing the Credit Facilities on the Closing Date, the First Lien Net
        Leverage Ratio would not exceed 3.25:1.00 (it being acknowledged that, solely to the extent that amounts incurred under clause (a) or (d) and this clause (e) are incurred simultaneously, in calculating the amount that may be incurred under
        clause (e), the First Lien Net Leverage Ratio may exceed 3.25 to 1.00 as a result of the incurrence of the amount permitted to be incurred at such time under clause (a) or (d)), calculated on a Pro Forma Basis, including the application of the
        proceeds thereof (without “netting” the Cash proceeds of the applicable Incremental Facility) (and determined on the basis of the financial statements for the most recently ended Test Period which have been delivered pursuant to Section 5.01(a)
        or 5.01(b)), and, in the case of any Incremental Revolving Facility, assuming a full drawing under such Incremental Revolving Facility.

    Any Incremental Facility shall be deemed to have been incurred in reliance on clause (d) above prior to any amounts under clause (a)
      or (e) above.  Any Incremental Facility shall be deemed to have been incurred in reliance on clause (e) above prior to any amounts under clause (a) above, unless the Lead Borrower specifies otherwise.

    “Incremental Commitment” means any commitment made by a lender to provide all or any portion
      of any Incremental Facility or Incremental Loans.

    “Incremental Equivalent Debt” has the meaning assigned to such term in Section 6.01(z).

    “Incremental Facilities” has the meaning assigned to such term in Section 2.22(a).

    “Incremental Loans” has the meaning assigned to such term in Section 2.22(a).

    “Incremental Revolving Commitment” means any commitment made by a lender to provide all or any
      portion of any Incremental Revolving Facility.

    “Incremental Revolving Facility” has the meaning assigned to such term in Section 2.22(a).

    “Incremental Revolving Facility Lender” means, with respect to any Incremental Revolving
      Facility, each Revolving Lender providing any portion of such Incremental Revolving Facility.

    “Incremental Revolving Loans” has the meaning assigned to such term in Section 2.22(a).

    “Incremental Term Facility” has the meaning assigned to such term in Section 2.22(a).

    
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    “Incremental Term Loans” has the meaning assigned to such term in Section 2.22(a).

    “Incurrence-Based Amounts” has the meaning assigned to such term in Section 1.11(c).

    “Indebtedness” as applied to any Person means, without duplication, (a) all indebtedness for
      borrowed money; (b) that portion of obligations with respect to Capital Leases to the extent recorded as a liability on a balance sheet (excluding the footnotes thereto) of such Person prepared in accordance with GAAP; (c) all obligations of such
      Person evidenced by bonds, debentures, notes or similar instruments to the extent the same would appear as a liability on a balance sheet (excluding the footnotes thereto) of such Person prepared in accordance with GAAP; (d) any obligation owed for
      all or any part of the deferred purchase price of property or services (excluding (i) any earn out obligation or purchase price adjustment until such obligation becomes a liability on the statement of financial position or balance sheet (excluding
      the footnotes thereto) in accordance with GAAP, (ii) any such obligations incurred under ERISA, (iii) accrued expenses and trade accounts payable in the ordinary course of business (including on an inter-company basis); (iv) liabilities associated
      with customer prepayments and deposits; (v) purchase price holdbacks in respect of a portion of the purchase price of an asset to satisfy warranty or other unperformed obligation of the applicable seller and (vi) any Indebtedness defeased by such
      Person or by any subsidiary of such Person), which purchase price is (i) due more than six months from the date of incurrence of the obligation in respect thereof or (ii) evidenced by a note or similar written instrument; (e) all Indebtedness of
      others secured by any Lien on any property or asset owned or held by such Person regardless of whether the Indebtedness secured thereby shall have been assumed by such Person or is non-recourse to the credit of such Person; (f) the face amount of any
      letter of credit issued for the account of such Person or as to which such Person is otherwise liable for reimbursement of drawings; (g) the Guarantee by such Person of the Indebtedness of another; (h) all obligations of such Person in respect of any
      Disqualified Capital Stock and (i) all net obligations such Person would incur in the event of an early termination on the date Indebtedness of such Person is being determined in respect of any Derivative Transaction, including any Hedge Agreement,
      whether or not entered into for hedging or speculative purposes; provided that (i) in no event shall obligations under any Derivative Transaction be deemed “Indebtedness” for any calculation of any financial
      ratio under this Agreement and (ii) the amount of Indebtedness of any Person for purposes of clause (e) shall be deemed to be equal to the lesser of (A) the aggregate unpaid amount of such Indebtedness and (B) the fair market value of the
      property encumbered thereby as determined by such Person in good faith.  For all purposes hereof, the Indebtedness of any Person shall include the Indebtedness of any partnership) in which such Person is a general partner, except to the extent such
      Person’s liability for such Indebtedness is otherwise limited and only to the extent such Indebtedness would otherwise be included in the calculation of Consolidated Total Debt; provided, further, that, notwithstanding anything herein to the contrary, the term “Indebtedness” shall not include, and shall be calculated without giving effect to, the effects of Accounting Standards Codification
      Topic 815 and related interpretations to the extent such effects would otherwise increase or decrease an amount of Indebtedness for any purpose hereunder as a result of accounting for any embedded derivatives created by the terms of such Indebtedness
      and any such amounts that would have constituted Indebtedness hereunder but for the application of this proviso shall not be deemed an incurrence of Indebtedness hereunder.  Notwithstanding the foregoing, Indebtedness of the Lead Borrower and its
      Restricted Subsidiaries shall exclude (1) liabilities under vendor agreements to the extent such liabilities may be satisfied exclusively through non-Cash means such as purchase volume earning credits, (2) reserves for deferred taxes, (3) in the case
      of the Lead Borrower or any Restricted Subsidiary, all intercompany Indebtedness having a term not exceeding 364 days (inclusive of roll over or extensions of term) and made in the ordinary course of business and, if owed by a Loan Party, expressly
      subordinated to the Secured Obligations and (4) intercompany liabilities in connection with the treasury and cash management (including receivables and payables), tax and accounting operations of the Lead Borrower and its Restricted Subsidiaries in
      the ordinary course of business.

    “Indemnified Taxes” means Taxes, other than Excluded Taxes or Other 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.

    “Indemnitee” has the meaning assigned to such term in Section 9.03(b).

    “Information Memorandum” means the lender presentation delivered to the Lenders prior to the
      Closing Date relating to the Lead Borrower and its subsidiaries and the Transactions in connection with the initial syndication of the Initial Revolving Credit Commitments hereunder.

    
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    “Initial Revolving Credit Commitments” means the Revolving Credit Commitments made available
      by the Revolving Lenders to the Lead Borrower on the Closing Date pursuant to Section 2.01(a)(ii).

    “Intercreditor Agreement” means any Pari First Lien Intercreditor Agreement, any Permitted
      Pari Passu Intercreditor Agreement, any First Lien/Second Lien Intercreditor Agreement or any Permitted Junior Intercreditor Agreement.

    “Interest Election Request” means a request by the Lead Borrower in the form of Exhibit D
      or another form reasonably acceptable to the Administrative Agent to convert or continue a Borrowing in accordance with Section 2.08.

    “Interest Payment Date” means (a) with respect to any ABR Loan or Alternative Currency
      Alternate Loan, the last Business Day of each March, June, September and December (commencing on September 30, 2020) and the Revolving Credit Maturity Date or the maturity date applicable to such Loan and (b) with respect to any LIBO Rate Loan or BA
      Rate Loan the last day of the Interest Period applicable to the Borrowing of which such Loan is a part and, in the case of a LIBO Rate Borrowing or BA Rate Borrowing with an Interest Period of more than three months’ duration, each day that would
      have been an Interest Payment Date had successive Interest Periods of three months’ duration been applicable to such Borrowing.

    “Interest Period” means with respect to any Eurocurrency Rate Borrowing, the period commencing
      on the date of such Borrowing and ending on the numerically corresponding day in the calendar month that is one, two, three or (other than with respect to BA Rate Loans) six months (or, if agreed to by all relevant Lenders, twelve months or, if
      agreed to by the Administrative Agent, a shorter period) thereafter, as the Lead Borrower may elect; provided that (i) if any Interest Period would end on a day other than a Business Day, such Interest
      Period shall be extended to the next succeeding Business Day unless such next succeeding Business Day would fall in the next calendar month, in which case such Interest Period shall end on the next preceding Business Day and (ii) any Interest Period
      that commences on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the last calendar month of such Interest Period) shall end on the last Business Day of the last calendar month of such
      Interest Period.  For purposes hereof, the date of a Borrowing initially shall be the date on which such Borrowing is made and thereafter shall be the effective date of the most recent conversion or continuation of such Borrowing.

    “Interest Rate Determination Date” means the date for calculating the interest rate for a
      Eurocurrency Rate Loan for an Interest Period, which date shall be (i) in the case of any Eurocurrency Rate Loan in U.S. Dollars, the second Business Day prior to first day of the related Interest Period for such Loan or (ii) in the case of any
      Eurocurrency Loan in an Alternative Currency, the date on which quotations would ordinarily be given by prime banks in the relevant interbank market for deposits in such Alternative Currency for value on the first day of the related Interest Period
      for such Eurocurrency Rate Loan but in any event not earlier than the second Business Day prior to the first day of the related Interest Period; provided, however,
      that if for any such Interest Period with respect to a Eurocurrency Rate Loan in an Alternative Currency other than Euros or Pounds Sterling, quotations would ordinarily be given on more than one date, the Interest Rate Determination Date shall be
      the last of those dates.

    “Investment” means (a) any purchase or other acquisition by the Lead Borrower or any of its
      Restricted Subsidiaries of any of the Securities of any other Person (other than any Loan Party), (b) the acquisition by purchase or otherwise (other than any purchase or other acquisition of inventory, materials, supplies and/or equipment in the
      ordinary course of business) of all or a substantial portion of the business, property or fixed assets of any other Person or any division or line of business or other business unit of any other Person and (c) any loan, advance (other than any
      advance to any current or former employee, officer, director, member of management, manager, consultant or independent contractor of the Lead Borrower, any Restricted Subsidiary or any Parent Company for moving, entertainment and travel expenses,
      drawing accounts and similar expenditures in the ordinary course of business) or capital contribution by the Lead Borrower or any of its Restricted Subsidiaries to any other Person.  Subject to Section 5.10, the amount of any Investment shall
      be the original cost of such Investment, plus the cost of all additions thereto, without any adjustments for increases or decreases in value, or write-ups, write-downs or write-offs with respect thereto, but
      giving effect to any repayments of principal in the case of any Investment in the form of a loan and any return of capital or return on Investment in the case of any equity Investment (whether as

    
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    a distribution, dividend, redemption or sale but not in excess of the amount of the relevant initial Investment).  For purposes of covenant compliance,
      the amount of any Investment shall be the amount actually invested (measured at the time made), without adjustment for subsequent increases or decreases in the value of such Investment but, other than in the case of Section 6.06(ee), giving effect to
      any returns or distributions of capital or repayment of principal actually received in Cash by such Person with respect thereto (but only to the extent that the aggregate amount of all such returns, distributions and repayments with respect to such
      Investment does not exceed the principal amount of such Investment and less any such amounts which increase the Available Amount) and “Invested” shall have a corresponding meaning.  Notwithstanding the
      foregoing, Investment shall not include (x) intercompany loans or advances in respect of intercompany current liabilities incurred in connection with the treasury and cash management (including receivables and payables), tax and accounting operations
      of the Lead Borrower and its Restricted Subsidiaries in the ordinary course of business and (y) in the case of the Lead Borrower or any Restricted Subsidiary, intercompany Indebtedness having a term not exceeding 364 days (inclusive of any roll-over
      or extensions of terms) and made in the ordinary course of business and, if owed by a Loan Party, expressly subordinated to the Secured Obligations.

    “IP Rights” has the meaning assigned to such term in Section 3.05(c).

    “IRS” means the U.S. Internal Revenue Service.

    “Issuing Bank” means, as the context may require, (a) (i) RBC in respect of the Letters of
      Credit that will be issued from time to time in accordance with Section 2.05 and the Existing Letters of Credit issued by it and (ii) JPM in respect of the Letters of Credit that will be issued from time to time in accordance with Section
        2.05, (each such Issuing Bank specified in clause (a), a “Primary Issuing Bank”), (b) BofA with respect of the Existing Letters of Credit issued by it only and (c) any other Revolving Lender that, at the
      request of the Lead Borrower and with the consent of the Administrative Agent (not to be unreasonably withheld or delayed), agrees to become an Issuing Bank; provided that no Issuing Bank will be required to
      issue Commercial Letters of Credit. Each Issuing Bank may, in its discretion, arrange for one or more Letters of Credit to be issued by any Affiliate of such Issuing Bank, in which case the term “Issuing Bank” shall include any such Affiliate with
      respect to Letters of Credit issued by such Affiliate.

    “JPM” has the meaning assigned to such term in the preamble to this Agreement.

    “Judgment Currency” has the meaning assigned to such term in Section 9.20.

    “Junior Indebtedness” means any Subordinated Indebtedness (other than Indebtedness among
      Holdings and/or its subsidiaries).

    “Junior Lien Indebtedness” means any Indebtedness that is secured by a security interest on
      the Collateral (other than Indebtedness among Holdings and/or its subsidiaries) that is expressly junior or subordinated to the Lien securing the Credit Facilities.

    “Latest Maturity Date” means, as of any date of determination, the latest maturity or
      expiration date applicable to any Loan or commitment hereunder at such time, including the latest maturity or expiration date of any Revolving Loan, Additional Revolving Loan, Revolving Credit Commitment or Additional Commitment.

    “Latest Revolving Loan Maturity Date” means, as of any date of determination, the latest
      maturity or expiration date applicable to any revolving loan or revolving credit commitment hereunder at such time, including the latest maturity or expiration date of any Revolving Loan, any Additional Revolving Loan, the Revolving Credit Commitment
      or any Additional Revolving Commitment.

    “LC Collateral Account” has the meaning assigned to such term in Section 2.05(j).

    “LC Disbursement” means, at any time, a Dollar LC Disbursement and/or a Multicurrency LC
      Disbursement, as the context requires.

    
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    “LC Exposure” means, with respect to a Revolving Lender, such Lender’s Dollar LC Exposure
      and/or Multicurrency LC Exposure, as the context requires.

    “LC Obligations” means, at any time, the sum of the Dollar LC Obligations and the
      Multicurrency LC Obligations.

    “Lead Borrower” has the meaning assigned to such term in the preamble to this Agreement.

    “Legal Reservations” means the application of relevant Debtor Relief Laws, general principles
      of equity and/or principles of good faith and fair dealing.

    “Lenders” means the Revolving Lenders, any Additional Lender, any lender with an Additional
      Commitment or an outstanding Additional Loan, any other Person that becomes a party hereto pursuant to an Assignment and Assumption, other than any such Person that ceases to be a party hereto pursuant to an Assignment and Assumption and, as the
      context requires, any Ancillary Lender.

    “Letter of Credit” means any Dollar Letter of Credit and/or any Multicurrency Letter of
      Credit.

    “Letter-of-Credit Right” has the meaning set forth in Article 9 of the UCC.

    “LIBO Rate” means, the Published LIBO Rate, as adjusted to reflect applicable reserves
      prescribed by governmental authorities; provided that, with respect to the Revolving Facility, in no event shall the LIBO Rate be less than 0.75%.

    “Lien” means any mortgage, pledge, hypothecation, assignment, deposit arrangement,
      encumbrance, lien (statutory or other), charge, or preference, priority or other security interest or preferential arrangement of any kind or nature whatsoever (including any conditional sale or other title retention agreement, any easement, right of
      way or other encumbrance on title to real property, and any Capital Lease having substantially the same economic effect as any of the foregoing), in each case, in the nature of security; provided that in no
      event shall an operating lease in and of itself be deemed to constitute a Lien.

    “Limited Condition Acquisition” means a Permitted Acquisition or any other Investment
      permitted hereunder that constitutes an acquisition (other than intercompany Investments) by the Lead Borrower or one or more of the Restricted Subsidiaries, the consummation of which is not conditioned on the availability of, or on obtaining, third
      party financing.

    “Loan Documents” means this Agreement, any Borrowing Joinder Agreement, any Promissory Note,
      each Loan Guaranty, the Collateral Documents, each Ancillary Document, any Intercreditor Agreement required to be entered into pursuant to the terms of this Agreement and any other document or instrument designated by the Lead Borrower and the
      Administrative Agent as a “Loan Document”.  Any reference in this Agreement or any other Loan Document to a Loan Document shall include all appendices, exhibits or schedules thereto.

    “Loan Guaranty” means (a) the Guaranty Agreement, substantially in the form of Exhibit I,
      executed by each Loan Party party thereto and the Administrative Agent for the benefit of the Secured Parties and (b) each other guaranty agreement executed by any Person pursuant to Section 5.12 in substantially the form attached as Exhibit I
      or another form that is otherwise reasonably satisfactory to the Administrative Agent and the Lead Borrower.

     “Loan Parties” means Holdings, the Lead Borrower, each Subsidiary Guarantor, and, with
      respect to any Ancillary Document, any applicable Affiliate Ancillary Borrower(s) and in each case their respective successors and permitted assigns.

    “Loans” means any Revolving Loan or any Additional Revolving Loan.

    “Margin Stock” has the meaning assigned to such term in Regulation U.

    
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    “Material Adverse Effect” means a material adverse effect on (i) the business, assets,
      financial condition or results of operations, in each case, of Holdings, the Lead Borrower and its Restricted Subsidiaries, taken as a whole, (ii) the rights and remedies (taken as a whole) of the Administrative Agent under the applicable Loan
      Documents or (iii) the ability of the Loan Parties (taken as a whole) to perform their payment obligations under the applicable Loan Documents.

    “Material Debt Instrument” means any physical instrument evidencing any Indebtedness for
      borrowed money which is required to be pledged to the Administrative Agent (or its bailee) pursuant to the Security Agreement.

    “Material Real Estate Asset” means any “fee-owned” Real Estate Asset acquired by any Loan
      Party after the Closing Date having a fair market value (as reasonably determined by the Lead Borrower after taking into account any liabilities with respect thereto that impact such fair market value) in excess of $30,000,000.

    “Maturity Date” means (a) with respect to the Revolving Facility, the Revolving Credit
      Maturity Date, (b)  as to any Replacement Revolving Facility incurred pursuant to Section 9.02(c), the final maturity date for such Replacement Revolving Facility, as the case may be, as set forth in the applicable Refinancing Amendment;
      (c) with respect to any Incremental Revolving Facility, the final maturity date set forth in the applicable documentation with respect thereto and (d) with respect to any Extended Revolving Credit Commitment, the final maturity date set forth in the
      applicable Extension Offer accepted by the respective Lender or Lenders.

    “Maximum Rate” has the meaning assigned to such term in Section 9.19.

    “Minimum Extension Condition” has the meaning assigned to such term in Section 2.23(b).

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

    “Mortgage Policies” has the meaning assigned to such term in the definition of “Collateral and
      Guarantee Requirement”.

    “Mortgages” means any mortgage, deed of trust or other agreement which conveys or evidences a
      Lien in favor of the Administrative Agent, for the benefit of the Administrative Agent and the relevant Secured Parties, on any Material Real Estate Asset constituting Collateral.

    “Multi-account Overdraft” means an Ancillary Facility which is an overdraft facility
      comprising more than one account.

    “Multicurrency LC Disbursement” means a payment or disbursement made by an Issuing Bank
      pursuant to a Multicurrency Letter of Credit.

    “Multicurrency LC Exposure” means, at any time, the sum of (a) (x) the aggregate and unexpired
      undrawn amount of all outstanding Multicurrency Letters of Credit denominated in U.S. Dollars at such time plus (y) the Dollar Equivalent of the aggregate undrawn and unexpired amount of all outstanding
      Multicurrency Letters of Credit denominated in Alternative Currencies at such time and (b) (x) the aggregate principal amount of all Multicurrency LC Disbursements denominated in U.S. Dollars that have not yet been reimbursed at such time plus (y) the Dollar Equivalent of the aggregate principal amount of all Multicurrency LC Disbursements denominated in Alternative Currencies that have not yet been reimbursed at such time.  The Multicurrency LC
      Exposure of any Revolving Lender at any time shall equal its Multicurrency Revolving Applicable Percentage of the aggregate Multicurrency LC Exposure at such time.  For all purposes of this Agreement, (x) if on any date of determination a
      Multicurrency Letter of Credit has expired by its terms but any amount may still be drawn thereunder by reason of the operation of Rule 3.14 of the International Standby Practices (ISP98), such Multicurrency Letter of Credit shall be deemed to be
      “outstanding” in the amount so remaining available to be drawn and (y) unless otherwise specified herein, the amount of a Multicurrency Letter of Credit at any time shall be deemed to be the stated amount of such Multicurrency Letter of Credit in
      effect at such time (taking the Dollar Equivalent thereof in the case of any Multicurrency Letter of Credit denominated in an 

    
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    Alternate Currency); provided that with respect to any Multicurrency Letter of Credit that, by its terms or
      the terms of any document related thereto, provides for one or more automatic increases in the stated amount thereof, the amount of such Multicurrency Letter of Credit shall be deemed to be the maximum stated amount of such Multicurrency Letter of
      Credit after giving effect to all such increases (taking the Dollar Equivalent thereof in the case of any Multicurrency Letter of Credit denominated in an Alternate Currency), whether or not such maximum stated amount is in effect at such time.

    “Multicurrency LC Obligations” means, at any time, the sum of (a) (x) the amount available to
      be drawn under Multicurrency Letters of Credit denominated in U.S. Dollars then outstanding plus (y) the Dollar Equivalent of the amount available to be drawn under Multicurrency Letters of Credit denominated in Alternative Currencies then
      outstanding, in each case assuming compliance with all requirements for drawings referenced therein, plus (b) (x) the aggregate principal amount of all unreimbursed Multicurrency LC Disbursements denominated
      in U.S. Dollars plus (y) the Dollar Equivalent of the aggregate principal amount of all unreimbursed Multicurrency LC Disbursements denominated in Alternative Currencies.

    “Multicurrency Letter of Credit” means any Standby Letter of Credit or Commercial Letter of
      Credit denominated in U.S. Dollars or an Alternative Currency issued (or in the case of any Existing Multicurrency Letter of Credit, deemed to be issued) pursuant to this Agreement under the Multicurrency Revolving Facility.

    “Multicurrency Letter of Credit Sublimit” means the Dollar Equivalent of $15 million.  For the
      avoidance of doubt, Existing Multicurrency Letters of Credit shall be counted towards the Multicurrency Letter of Credit Sublimit.

    “Multicurrency Revolving Applicable Percentage” means, with respect to any Multicurrency
      Revolving Lender for any Class, the percentage of the Total Multicurrency Revolving Credit Commitment for such Class represented by such Lender’s Multicurrency Revolving Credit Commitment for such Class; provided that

      for purposes of Section 2.21 and otherwise herein, when there is a Defaulting Lender, any such Defaulting Lender’s Multicurrency Revolving Credit Commitment shall be disregarded in the relevant calculations.  In the event the Multicurrency
      Revolving Credit Commitments for any Class shall have expired or been terminated, the Multicurrency Revolving Applicable Percentages of any Multicurrency Revolving Lender of such Class shall be determined on the basis of the Multicurrency Revolving
      Credit Exposure of the applicable Multicurrency Revolving Lenders of such Class, giving effect to any assignments and to any Multicurrency Revolving Lender’s status as a Defaulting Lender at the time of determination.

    “Multicurrency Revolving Credit Commitment” means, with respect to each Lender, the commitment
      of such Lender to make Multicurrency Revolving Loans (and acquire participations in Multicurrency Letters of Credit) hereunder as set forth on the Commitment Schedule, or in the Assignment and Assumption pursuant to which such Lender assumed its
      Multicurrency Revolving Credit Commitment, as applicable, as the same may be (a) reduced from time to time pursuant to Section 2.09, Section 2.11, Section 2.19 or Section 9.02(c), (b) reduced or increased from time to
      time pursuant to assignments by or to such Lender pursuant to Section 9.05, (c) increased as part of an Incremental Revolving Facility or (d) other than for purposes of determining the Required Lenders, if such Lender is an Ancillary Lender,
      decreased by the amount of such Lender’s Ancillary Commitment (and increased to the extent such Ancillary Commitment is subsequently reduced, cancelled or terminated).

    “Multicurrency Revolving Credit Exposure” means, with respect to any Lender at any time,
      (w) the aggregate Outstanding Amount at such time of all Multicurrency Revolving Loans of such Lender denominated in U.S. Dollars plus (x) the aggregate Outstanding Amount at such time of the Dollar
      Equivalent of all Multicurrency Revolving Loans of such Lender denominated in Alternative Currencies, plus (y) the aggregate amount at such time of such Lender’s Multicurrency LC Exposure, plus (z) (i) the aggregate amount at such time of such Lender’s Ancillary Outstandings incurred pursuant to an Ancillary Facility denominated in U.S. Dollars and (ii) the Dollar Equivalent of the aggregate amount
      at such time of such Lender’s Ancillary Outstandings incurred pursuant to an Ancillary Facility denominated in an Alternative Currency.

    “Multicurrency Revolving Credit Maturity Date” means the date that is five years after the
      Closing Date.

    
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    “Multicurrency Revolving Facility” means, at any time, the aggregate amount of the
      Multicurrency Revolving Lenders’ Multicurrency Revolving Credit Commitments at such time, which may be funded (A) in U.S. dollars and (B) in alternative currencies including (x) Euros, Canadian Dollars and Pounds Sterling and (y) other LIBO
      Rate-based and non-LIBO Rate-based currencies approved by the Administrative Agent and the Multicurrency Revolving Lenders that agree to make Multicurrency Revolving Loans in such currency in accordance with Section 1.08 (with the interest
      rate calculations in respect of such currencies to be defined in a manner mutually satisfactory to the Lead Borrower and the Administrative Agent), in the case of (y) subject to currency sublimits to be agreed (collectively, the “Alternative Currencies”).

    “Multicurrency Revolving Lender” means a Lender with a Multicurrency Revolving Credit
      Commitment or an Additional Revolving Commitment or an outstanding Multicurrency Revolving Loan or Additional Revolving Loan.

    “Multicurrency Revolving Loans” means the revolving Loans made by the Lenders to the Lead
      Borrower under the Multicurrency Revolving Facility pursuant to Section 2.01(a)(ii), 2.22, 2.23 or 9.02(c)(ii).

    “Multicurrency Revolving Outstandings” means, in relation to any Multicurrency Revolving
      Lender, the aggregate Dollar Equivalent of its participation in the Total Multicurrency Revolving Credit Outstandings (together with the aggregate amount of all accrued interest, fees and commission owed to it as a Lender under the Multicurrency
      Revolving Facility and, if it is also an Ancillary Lender, under any relevant Ancillary Facility).

    “Multiemployer Plan” means any employee benefit plan which is a “multiemployer plan” as
      defined in Section 3(37) or 4001(a)(3) of ERISA, that is subject to the provisions of Title IV of ERISA, and in respect of which the Lead Borrower or any of its Restricted Subsidiaries, or any of their respective ERISA Affiliates, makes or is
      obligated to make contributions or with respect to which any of them has any obligation or liability, contingent or otherwise.

    “Narrative Report” means, with respect to the financial statements with respect to which it is
      delivered, a management discussion and narrative report describing the operations of the Lead Borrower and its Restricted Subsidiaries for the applicable Fiscal Quarter or Fiscal Year and for the period from the beginning of the then-current Fiscal
      Year to the end of the period to which the relevant financial statements relate.

    “Net Income” means, with respect to any specified Person, the net income (loss) of such
      Person, determined in accordance with GAAP and before any reduction in respect of preferred stock dividends, excluding, however:

    (1) any gain or loss, together with any related provision for taxes on such gain or loss, realized in connection with:  (a) any sale
      of assets outside the ordinary course of business of such Person; or (b) the disposition of any securities by such Person or any of its Restricted Subsidiaries or the extinguishment of any Indebtedness of such Person or any of its Restricted
      Subsidiaries; and

    (2) any extraordinary gain or loss, together with any related provision for taxes on such extraordinary gain or loss.

    “Net Outstandings” means, in relation to a Multi-account Overdraft, the Ancillary Outstandings
      of that Multi-account Overdraft.

    “Net Proceeds” means with respect to any issuance or incurrence of Indebtedness or Capital
      Stock, the Cash proceeds thereof, net of all Taxes and customary fees, commissions, costs, underwriting discounts and other fees and expenses incurred in connection therewith.

     “Non-U.S. Borrower” means any Borrower that is not incorporated or organized under the laws
      of the U.S., any state thereof or the District of Columbia.

    
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    “Non-U.S. Facility” means (i) any Incremental Facility and/or (ii) any facility incurred
      pursuant to a Refinancing, in each case to the extent incurred by a Non-U.S. Borrower.

    “Non-U.S. Obligations” means the Obligations of a non-U.S. Borrower.

    “Non-U.S. Sanctions Laws and Regulations” means any economic or financial sanctions or
      requirements imposed by the United Nations, the European Union, the Federal Republic of Germany or the United Kingdom that apply to Holdings, the Borrowers or any of their respective Restricted Subsidiaries.

    “Notice of Intent to Cure” has the meaning assigned to such term in Section 6.15(b).

    “Notices of Grant of Security Interest in Intellectual Property” means the notices of grant
      of security interest substantially in the form attached as Exhibit II to the Security Agreement or such other form as shall be reasonably acceptable to the Administrative Agent.

    “Obligations” means all unpaid principal of and accrued and unpaid interest (including
      interest accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding) on the Loans, all LC Exposures or amounts or liabilities arising under or in
      respect of any Ancillary Facility, all accrued and unpaid fees and all expenses, reimbursements, indemnities and all other advances to, debts, liabilities and obligations of the Loan Parties to the Lenders or to any Lender, Ancillary Lender, the
      Administrative Agent, any Issuing Bank or any indemnified party arising under the Loan Documents in respect of any Loan, any Letter of Credit or any Ancillary Facility, whether direct or indirect (including those acquired by assumption), absolute,
      contingent, due or to become due, now existing or hereafter arising.

    “OFAC” has the meaning assigned to such term in Section 3.17(a).

    “Organizational Documents” means (a) with respect to any corporation, its certificate or
      articles of incorporation or organization and its by-laws, (b) with respect to any limited partnership, its certificate of limited partnership and its partnership agreement, (c) with respect to any general partnership, its partnership agreement,
      (d) with respect to any limited liability company, its articles of organization or certificate of formation, and its operating agreement, and (e) with respect to any other form of entity, such other organizational documents required by local law or
      customary under such jurisdiction to document the formation and governance principles of such type of entity.  In the event that any term or condition of this Agreement or any other Loan Document requires any Organizational Document to be certified
      by a secretary of state or similar governmental official, the reference to any such “Organizational Document” shall only be to a document of a type customarily certified by such governmental official.

    “Other Non-U.S. Revolving Borrowers” has the meaning assigned to such term in the definition
      of “Revolving Facility Borrowers”.

    “Other Connection Taxes” means, with respect to any Lender or Administrative Agent, Taxes
      imposed as a result of a present or former connection between such recipient and the jurisdiction imposing such Tax (other than connections arising solely from such recipient having executed, delivered, become a party to, performed its obligations
      under, received payments under, received or perfected a security interest under, or 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 any and all present or future stamp, court or documentary taxes or any
      intangible, recording, filing or other excise or property taxes, charges or similar levies arising from any payment made hereunder or from the execution, delivery or enforcement of, or otherwise with respect to, this Agreement, but not including, for
      the avoidance of doubt, any Excluded Taxes.

    “Outstanding Amount” means (a) with respect to Revolving Loans on any date, the amount of the
      aggregate outstanding principal amount thereof after giving effect to any borrowings and prepayments or

    
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    repayments of Revolving Loans (including any refinancings of (i) unreimbursed LC Disbursements and/or (ii) Ancillary Outstandings as a Revolving
      Borrowing), as the case may be, occurring on such date, (b) with respect to any Letters of Credit, the aggregate amount available to be drawn under such Letters of Credit after giving effect to any changes in the aggregate amount available to be
      drawn under such Letters of Credit or the issuance or expiry of any Letters of Credit, including as a result of any LC Disbursements and (c) with respect to any LC Disbursements on any date, the amount of the aggregate outstanding amount of such LC
      Disbursements on such date after giving effect to any disbursements with respect to any Letter of Credit occurring on such date and any other changes in the aggregate amount of the LC Disbursements as of such date, including as a result of any
      reimbursements by the Borrowers of unreimbursed LC Disbursements.

    “Overnight Rate” means, for any day, (a) with respect to any amount denominated in
      U.S. Dollars, the greater of (i) the Federal Funds Effective Rate and (ii) an overnight rate determined by the Administrative Agent or the applicable Issuing Bank, as the case may be, in accordance with banking industry rules on interbank
      compensation, and (b) with respect to any amount denominated in an Alternative Currency, the rate of interest per annum at which overnight deposits in the applicable Alternative Currency, in an amount approximately equal to the amount with respect to
      which such rate is being determined, would be offered for such day by a branch or Affiliate of RBC in the applicable offshore interbank market for such currency to major banks in such interbank market.

    “Parent Company” means (a) Holdings and (b) any other Person of which the Lead Borrower is an
      indirect Wholly-Owned Subsidiary.

    “Pari First Lien Intercreditor Agreement” means an intercreditor agreement substantially in
      the form of Exhibit N hereto, or such other customary form reasonably acceptable to the Administrative Agent and the Lead Borrower, as such document may be amended, restated, supplemented or otherwise modified from time to time, and, in the
      case of any Borrower and/or Subsidiary Guarantor organized outside of the United States, such intercreditor agreement shall reflect then customary market terms for non-domestic Borrowers that are reasonably satisfactory to the Lead Borrower and the
      Administrative Agent.

    “Participant” has the meaning assigned to such term in Section 9.05(c).

    “Participant Register” has the meaning assigned to such term in Section 9.05(c).

    “Party” means a party to this Agreement or, as applicable, any other Loan Document.

    “Patent” means the following:  (a) any and all patents and patent applications; (b) all
      inventions described and claimed therein; (c) all reissues, divisions, continuations, renewals, extensions and continuations in part thereof; (d) all income, royalties, damages, claims, and payments now or hereafter due or payable under and with
      respect thereto, including, without limitation, damages and payments for past and future infringements thereof; (e) all rights to sue for past, present, and future infringements thereof; and (f) all rights corresponding to any of the foregoing.

    “PBGC” means the Pension Benefit Guaranty Corporation.

    “Pension Plan” means any “employee pension benefit plan”, as defined in Section 3(2) of ERISA
      (other than a Multiemployer Plan), that is subject to the provisions of Title IV of ERISA or Section 412 of the Code or Section 302 of ERISA, which the Lead Borrower or any of its Restricted Subsidiaries, or any of their respective ERISA Affiliates,
      maintains or contributes to or has an obligation to contribute to, or otherwise has any liability, contingent or otherwise.

    “Perfection Certificate” means a certificate substantially in the form of Exhibit E.

    “Perfection Certificate Supplement” means a supplement to the Perfection Certificate
      substantially in the form of Exhibit F.

    
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    “Perfection Requirements” means the filing of appropriate financing statements with the office
      of the Secretary of State or other appropriate office of the state of organization of each Loan Party, the filing of appropriate assignments or notices with the U.S. Patent and Trademark Office and the U.S. Copyright Office, the proper recording or
      filing, as applicable, of Mortgages and fixture filings with respect to any Material Real Estate Asset constituting Collateral, in each case in favor of the Administrative Agent for the benefit of the Secured Parties and the delivery to the
      Administrative Agent of any stock certificate or promissory note required to be delivered pursuant to the applicable Loan Documents, together with instruments of transfer executed in blank.

    “Permitted Acquisition” means any acquisition by the Lead Borrower or any of its Restricted
      Subsidiaries, whether by purchase, merger or otherwise, of all or substantially all of the assets of, or any business line, unit or division of, any Person or of a majority of the outstanding Capital Stock of any Person (but in any event including
      any Investment in (x) any Restricted Subsidiary which serves to increase the Lead Borrower’s or any Restricted Subsidiary’s respective equity ownership in such Restricted Subsidiary or (y) any joint venture for the purpose of increasing the Lead
      Borrower’s or its relevant Restricted Subsidiary’s ownership interest in such joint venture); provided that:  (a) no Default or Event of Default exists or would result after giving pro forma effect to such
      acquisition (or, solely in the case of a Limited Condition Acquisition, no Default or event of Default under Section 7.01(a), (f) or (g) exists or would result after giving pro forma effect to such acquisition); and (b) the
      Total Net Leverage Ratio would not exceed 6.00:1.00 calculated on a Pro Forma Basis as of the most recently ended Test Period.

     “Permitted Junior Intercreditor Agreement” means, with respect to any Liens on Collateral
      that are intended to be junior to any Liens securing the Initial Revolving Credit Commitments (and other Obligations that are pari passu with the Initial Revolving Credit Commitments), either (as the Lead
      Borrower shall elect) (x) any First Lien/Second Lien Intercreditor Agreement if such Liens secure “Second-Priority Obligations” (as defined therein), (y) another intercreditor agreement not materially less favorable to the Lenders vis-à-vis such junior Liens than the First Lien/Second Lien Intercreditor Agreement (as determined by the Lead Borrower in good faith) or (z) another intercreditor agreement the terms of which are consistent with
      market terms governing security arrangements for the sharing of liens on a junior basis at the time such intercreditor agreement is proposed to be established in light of the type of Indebtedness to be secured by such liens, as determined by the
      Administrative Agent and the Lead Borrower in the exercise of their reasonable commercial judgment.

    “Permitted Liens” means Liens permitted pursuant to Section 6.02.

    “Permitted Pari Passu Intercreditor Agreement” means, with respect to any Liens on Collateral
      that are intended to be pari passu with the Liens securing the Initial Revolving Credit Commitments (and other Obligations that are pari passu with the Initial
      Revolving Credit Commitments), either (as the Lead Borrower shall elect) (x) the Pari First Lien Intercreditor Agreement, (y) another intercreditor agreement not materially less favorable to the Lenders vis-à-vis such

      pari passu Liens than any Pari First Lien Intercreditor Agreement (as determined by the Lead Borrower in good faith) or (z) another intercreditor agreement the terms of which are consistent with market terms
      governing security arrangements for the sharing of liens on a pari passu basis at the time such intercreditor agreement is proposed to be established in light of the type of Indebtedness to be secured by
      such liens, as determined by the Administrative Agent and the Lead Borrower in the exercise of their reasonable commercial judgment.

    “Permitted Receivables Financing” means receivables securitizations or other receivables
      financings (including any factoring, early pay and/or customer initiated supply chain financing program) that are non-recourse to the Lead Borrower and the Restricted Subsidiaries (except for (w) recourse to any Foreign Subsidiaries that own the
      assets underlying such financing (or have sold such assets in connection with such financing), (x) any customary limited recourse or, to the extent applicable only to non-Loan Parties, that is customary in the relevant local market, (y) any
      performance undertaking or Guarantee, to the extent applicable only to non-Loan Parties, that is customary in the relevant local market, and (z) an unsecured parent Guarantee by Holdings, the Lead Borrower or a Restricted Subsidiary that is a parent
      company of a Foreign Subsidiary of obligations of Foreign Subsidiaries, and, in each case, reasonable extensions thereof); provided that, with respect to Permitted Receivables Financings incurred in the form
      of a factoring program, the outstanding amount of such Permitted Receivables Financing for the purposes of this definition shall be deemed to be equal to the Permitted Receivables Net Investment for the last Test Period.

    
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    “Permitted Receivables Net Investment” means the aggregate Cash amount paid by the purchasers
      under any Permitted Receivables Financing in the form of a factoring program in connection with their purchase of accounts receivable and customary related assets or interests therein, as the same may be reduced from time to time by collections with
      respect to such accounts receivable and related assets or otherwise in accordance with the terms of such Permitted Receivables Financing (but excluding any such collections used to make payments of commissions, discounts, yield and other fees and
      charges incurred in connection with any Permitted Receivables Financing in the form of a factoring program which are payable to any Person other than Holdings, a Borrower or a Restricted Subsidiary).

    “Permitted Reorganization” has the meaning assigned to such term in Section 6.06(b).

    “Person” means any natural person, corporation, limited liability company, trust, joint
      venture, association, company, partnership, Governmental Authority or any other entity.

     “Pounds Sterling” or “£” means the lawful currency of
      the United Kingdom.

    “Pre-Approved Borrower” has the meaning assigned to such term in the definition of “Revolving
      Facility Borrowers”.

    “Primary Issuing Bank” has the meaning assigned to such term in the definition of “Issuing
      Bank”.

    “Primary Obligor” has the meaning assigned to such term in the definition of “Guarantee”.

    “Prime Rate” means (a) the rate of interest per annum determined by RBC from time to time as
      its prime commercial lending rate for United States Dollar loans in the United States for such day (such rate is not necessarily the lowest rate that Royal Bank of Canada is charging any corporate customer) or (b) if the Administrative Agent has no
      “prime rate”, 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 reasonably determined by the Administrative Agent) or any similar release by the Federal Reserve Board (as reasonably determined by the Administrative Agent).

    “Prior Transaction Costs” means fees and expenses payable or otherwise borne by the Lead
      Borrower and its Restricted Subsidiaries in connection with the Prior Transactions and incurred before the Closing Date, including the costs of legal and financial advisors to the Lead Borrower.

    “Prior Transactions” means, collectively, (a) the execution, delivery and performance by the
      Lead Borrower and the other parties thereto of the new term loan commitment agreement no. 2 among Holdings, the Lead Borrower, the lenders party thereto and Deutsche Bank AG New York Branch, as agent, pursuant to which the Lead Borrower incurred term
      loans in an aggregate principal amount equal to €150 million and the making of the borrowings thereunder on December 19, 2014, (b) the issuance of the Lead Borrower’s 6.125% Senior Notes due 2024, (c) the issuance of the Lead Borrower’s 5.750% Senior
      Notes due 2025, (d) the issuance by Spectrum Brands Holdings, Inc. of its registered equity offering closed on May 20, 2015 and (e) the consummation of the acquisition of (i) Tell Manufacturing, Inc., (ii) Proctor and Gamble’s European pet food
      business, (iii) Salix Animal Health, LLC and (iv) Armored AutoGroup Parent Inc.

    “Pro Forma Basis” or “pro forma effect” means, as to
      any calculation of any test, financial ratio or covenant, including the Total Leverage Ratio, Total Net Leverage Ratio, the First Lien Net Leverage Ratio, the Secured Net Leverage Ratio, the Fixed Charge Coverage Ratio, any other financial ratio,
      Consolidated Adjusted EBITDA or Consolidated Total Assets (including component definitions thereof), in the event that the specified Person or any of its Subsidiaries incurs, assumes, guarantees, repays, retires, extinguishes, repurchases or redeems
      any Indebtedness or issues, repurchases or redeems Disqualified Capital Stock subsequent to the commencement of the period for which any of the Total Leverage Ratio, Total Net Leverage Ratio, the First Lien Net Leverage Ratio,

    
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    the Secured Net Leverage Ratio, the Fixed Charge Coverage Ratio, any other financial ratio, Consolidated Adjusted EBITDA or Consolidated Total Assets is
      being calculated and on or prior to the date on which the event for which the relevant calculation is made (the “Calculation Date”), then the Total Leverage Ratio, the First Lien Net Leverage Ratio, the Secured
      Net Leverage Ratio, the Fixed Charge Coverage Ratio, any other financial ratio, Consolidated Adjusted EBITDA or Consolidated Total Assets, as applicable, shall be calculated giving pro forma effect to such incurrence, assumption, guarantee,
      repayment, retirement, extinguishment, repurchase or redemption of Indebtedness, or such issuance, repurchase or redemption of Disqualified Capital Stock, and the use of the proceeds therefrom as if the same had occurred at the beginning of the
      applicable four-quarter reference period.

    In addition, for purposes of calculating the Total Leverage Ratio, Total Net Leverage Ratio, the First Lien Net Leverage Ratio, the
      Secured Net Leverage Ratio, the Fixed Charge Coverage Ratio, any other financial ratio, Consolidated Adjusted EBITDA or Consolidated Total Assets:

    (a)          Investments or
        acquisitions and dispositions of business entities or property and assets constituting a division or line of business of any Person that have been made by the specified Person or any of its Restricted Subsidiaries, including through mergers or
        consolidations and including any related financing transactions, during the four-quarter reference period or subsequent to such reference period and on or prior to the Calculation Date shall be given pro forma effect as if they had occurred on the
        first day of the four-quarter reference period and Consolidated Adjusted EBITDA for such reference period shall be calculated on a pro forma basis, but without giving effect to clause (3) of the proviso set forth in the definition of Consolidated
        Net Income;

    (b)          the Consolidated
        Adjusted EBITDA attributable to discontinued operations, as determined in accordance with GAAP, shall be excluded;

    (c)          the Fixed Charges
        attributable to discontinued operations, as determined in accordance with GAAP, shall be excluded, but only to the extent that the obligations giving rise to such Fixed Charges will not be obligations of the specified Person or any of its
        Subsidiaries following the Calculation Date; and

    (d)          consolidated interest
        expense attributable to interest on any Indebtedness (whether existing or being incurred) computed on a pro forma basis and bearing a floating interest rate shall be computed as if the rate in effect on the Calculation Date (taking into account any
        interest rate option, swap, cap or similar agreement applicable to such Indebtedness if such agreement has a remaining term in excess of 12 months or, if shorter, at least equal to the remaining term of such Indebtedness) had been the applicable
        rate for the entire period.

    Pro forma calculations made pursuant to the definition of the term “Pro Forma Basis” shall be determined in good faith by a
      Responsible Officer of the Lead Borrower and, to the extent applicable, in compliance with Section 1.11.  Any such pro forma calculation may include adjustments appropriate, in the reasonable good faith determination of the Lead Borrower as
      set forth in an Officer’s Certificate, to reflect operating expense reductions and other operating improvements or synergies reasonably expected to result from the applicable event.

    In the case of any calculation for any event described above that occurs prior to the date on which financial statements have been (or
      are required to be) delivered for the Fiscal Quarter ended June 30, 2020, any such calculation required to be made on a “Pro Forma Basis” shall use the financial statements delivered pursuant to Section 4.01(c)(ii) for the Fiscal Quarter
      ended March 29, 2020.

    Notwithstanding anything to the contrary set forth in this definition, for the avoidance of doubt, when calculating the Total Leverage
      Ratio for purposes of the definitions of “Applicable Rate” and “Commitment Fee Rate” and Total Net Leverage Ratio for purposes of Section 6.15(a) (other than for the purpose of determining pro forma compliance with Section 6.15(a) as
      a condition to taking any action under this Agreement), the events described in the immediately preceding paragraphs that occurred subsequent to the end of the applicable four-quarter reference period or Test Period, as applicable, shall not be given
      pro forma effect.

    
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    “Projections” means the projections of the Lead Borrower and its subsidiaries included in the
      Information Memorandum (or a supplement thereto).

    “Promissory Note” means a promissory note of the Lead Borrower payable to any Lender or its
      registered assigns, in substantially the form of Exhibit G, evidencing the aggregate outstanding principal amount of Loans of the Lead Borrower to such Lender resulting from the Loans made by such Lender.

    “PTE” shall mean 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 Company Costs” means, as to any Person, costs associated with, or in anticipation of,
      or preparation for, compliance with the requirements of the Sarbanes-Oxley Act of 2002 and the rules and regulations promulgated in connection therewith and costs relating to compliance with the provisions of the Securities Act and the Exchange Act,
      as applicable to companies with equity or debt securities held by the public, the rules of national securities exchange companies with listed equity, directors’, managers’ and/or employees’ compensation, fees and expense reimbursement, costs relating
      to investor relations, shareholder meetings and reports to shareholders or debtholders, directors’ and officers’ insurance and other executive costs, legal and other professional fees, and listing fees and other costs and/or expenses associated with
      being a public company.

    “Published LIBO Rate” means, with respect to any Interest Period when used in reference to any
      Loan or Borrowing in U.S. Dollars or an Alternative Currency (other than Canadian Dollars), (a) the rate of interest (rounded upwards, if necessary, to the nearest 1/100th) equal to the rate determined by Administrative Agent to be the offered rate
      that appears on the appropriate page of the Reuters screen that displays the ICE Benchmark Administration Limited rate for deposits in U.S. Dollars or the applicable Alternative Currency (other than Canadian Dollars) (for delivery on the first day of
      such Interest Period) with a term equivalent to such Interest Period (or the successor thereto if ICE Benchmark Administration Limited is no longer making the applicable interest settlement rate available) (the “Published

        LIBO Screen Rate”) for a term comparable to such Interest Period, at approximately 11:00 a.m. (London time) on the applicable Interest Rate Determination Date; provided that if the Published LIBO
      Screen Rate shall be less than zero, such rate shall be deemed to be zero for the purposes of this Agreement; provided, further, that if more than one rate is
      specified on such page, the rate will be an arithmetic average of all such rates) and (b) if such rate is not available at such time for any reason, then the “Published LIBO Screen Rate” for such Interest Period shall be the interest rate per annum
      reasonably determined by the Administrative Agent in good faith to be the rate per annum at which deposits in U.S. Dollars or the applicable Alternative Currency for delivery on the first day of such Interest Period in immediately available funds in
      the approximate amount of the Eurocurrency Rate Loan being made, continued or converted by the Administrative Agent and with a term equivalent to such Interest Period would be offered to the Administrative Agent (or an affiliate thereof) by major
      banks in the London or other offshore interbank market for U.S. Dollars or the applicable Alternative Currency at their request at approximately 11:00 a.m. (London time) on the applicable Interest Rate Determination Date.

    “QFC” shall have 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” shall have the meaning provided in Section 9.25.

    “Qualified Capital Stock” of any Person means any Capital Stock of such Person that is not
      Disqualified Capital Stock.

    “RBC” means Royal Bank of Canada.

    “Real Estate Asset” means, at any time of determination, all right, title and interest (fee,
      leasehold or otherwise) of any Loan Party in and to real property (including, but not limited to, land, improvements and fixtures thereon).

    
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    “Receivables Subsidiary” means a wholly-owned Subsidiary of the Lead Borrower, which engages
      in no activities other than in connection with Permitted Receivables Financings and which is designated (as provided below) as a “Receivables Subsidiary”, (a) with which neither the Lead Borrower nor any of its Subsidiaries has any contract,
      agreement, arrangement or understanding (other than pursuant to customary market terms in the documentation relating to the Permitted Receivables Financing (including with respect to fees payable in the ordinary course of business in connection with
      the servicing of accounts receivable and related assets)) on terms less favorable to the Lead Borrower or such Subsidiary than those that might be obtained at the time from persons that are not Affiliates of the Lead Borrower (as determined by the
      Company in good faith) and (b) to which neither the Lead Borrower nor any other Subsidiary of the Lead Borrower has any obligation to maintain or preserve such entity’s financial condition or cause such entity to achieve certain levels of operating
      results.  Any such designation shall be evidenced to the Administrative Agent by filing with the Administrative Agent an officer’s certificate of the Lead Borrower certifying that, to the best of such officer’s knowledge and belief after consultation
      with counsel, such designation complied with the foregoing conditions.

    “Refinancing” has the meaning assigned to such term in Section 4.01(f).

    “Refinancing Amendment” means an amendment to this Agreement in form and substance reasonably
      satisfactory to the Administrative Agent and the Lead Borrower executed by (a) Holdings and the Lead Borrower, (b) the Administrative Agent and (c) each Lender that agrees to provide all or any portion of the Replaced Revolving Facility being
      incurred pursuant thereto and in accordance with Section 9.02(c).

    “Refinancing Indebtedness” has the meaning assigned to such term in Section 6.01(p).

    “Refunding Capital Stock” has the meaning assigned to such term in Section 6.04(a)(viii).

    “Register” has the meaning assigned to such term in Section 9.05(b)(iv).

    “Regular Cash Dividend” means a quarterly Cash dividend at the current rate of $0.42 per share
      (which is the amount publicly declared and in effect as of the Closing Date) on the common Capital Stock of Super Holdco, commencing in the fiscal year beginning October 1, 2014.

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

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

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

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

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

    “Related Funds” means with respect to any Lender that is an Approved Fund, any other Approved
      Fund that is managed by the same investment advisor as such Lender or by an Affiliate of such investment advisor.

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

    
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    “Release” means any release, spill, emission, leaking, pumping, pouring, injection, escaping,
      deposit, disposal, discharge, dispersal, dumping or leaching of any Hazardous Material into the Environment (including the abandonment or disposal of any barrels, containers or other closed receptacles containing any Hazardous Material).

    “Relevant Governmental Body” means the Federal Reserve Board and/or the
      Federal Reserve Bank of New York, or a committee officially endorsed or convened by the Federal Reserve Board and/or the Federal Reserve Bank of New York or any successor thereto.

    “Replaced Revolving Facility” has the meaning assigned to such term in Section 9.02(c).

    “Replacement Revolving Facility” has the meaning assigned to such term in Section 9.02(c).

    “Representative” has the meaning assigned to such term in Section 9.13.

    “Required Lenders” means, as of any date of determination, Lenders having more than 50% of the
      sum of the Dollar Equivalent of (a) Total Outstandings (with the Dollar Equivalent of each Lender’s risk participation and funded participation in LC Obligations being deemed “held” by such Lender for purposes of this definition) and (b) aggregate
      Unused Revolving Credit Commitments; provided that the Unused Revolving Credit Commitments of, and the portion of the Total Outstandings held or deemed held by any Defaulting Lender shall be excluded for
      purposes of making a determination of Required Lenders.

    “Requirements of Law” means, with respect to any Person, collectively, the common law and all
      federal, state, local, foreign, multinational or international laws, statutes, codes, treaties, standards, rules and regulations, guidelines, ordinances, orders, judgments, writs, injunctions, decrees (including administrative or judicial precedents
      or authorities) and the interpretation or administration thereof by, and other determinations, directives, requirements or requests of any Governmental Authority, in each case whether or not having the force of law and that are 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 an EEA Resolution Authority or, with respect
      to any UK Financial Institution, a UK Resolution Authority.

    “Responsible Officer” of any Person means the chief executive officer, the president, the
      chief financial officer, the treasurer, any assistant treasurer, any executive vice president, any senior vice president, any vice president or the chief operating officer of such Person and any other individual or similar official thereof
      responsible for the administration of the obligations of such Person in respect of this Agreement, and, as to any document delivered on the Closing Date, shall include any secretary or assistant secretary or any other individual or similar official
      thereof with substantially equivalent responsibilities of a Loan Party.  Any document delivered hereunder that is signed by a Responsible Officer of any Loan Party shall be conclusively presumed to have been authorized by all necessary corporate,
      partnership and/or other action on the part of such Loan Party, and such Responsible Officer shall be conclusively presumed to have acted on behalf of such Loan Party.

    “Responsible Officer Certification” means, with respect to the financial statements for which
      such certification is required, the certification of a Responsible Officer of the Lead Borrower that such financial statements fairly present, in all material respects, in accordance with GAAP, the consolidated financial condition of the Lead
      Borrower as at the dates indicated and its consolidated income and cash flows for the periods indicated, subject to changes resulting from audit and normal year-end adjustments.

    “Restricted Debt” has the meaning set forth in Section 6.04(b).

    “Restricted Debt Payment” has the meaning set forth in Section 6.04(b).

    “Restricted Payment” means (a) any dividend or other distribution on account of any shares of
      any class of the Capital Stock of the Lead Borrower, except a dividend payable solely in shares of Qualified Capital

    
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    Stock to the holders of such class; (b) any redemption, retirement, sinking fund or similar payment, purchase or other acquisition for value of any
      shares of any class of the Capital Stock of the Lead Borrower and (c) any payment made to retire, or to obtain the surrender of, any outstanding warrants, options or other rights to acquire shares of any class of the Capital Stock of the Lead
      Borrower now or hereafter outstanding.

    “Restricted Subsidiary” means, as to any Person, any subsidiary of such Person that is not an
      Unrestricted Subsidiary.  Unless otherwise specified, “Restricted Subsidiary” means any Restricted Subsidiary of the Lead Borrower.

    “Revolving Credit Commitment” means, with respect to each Lender, such Lender’s Dollar
      Revolving Credit Commitment and/or Multicurrency Revolving Credit Commitment.

    “Revolving Credit Exposure” means, with respect to any Lender at any time, such Lender’s
      Dollar Revolving Credit Exposure and/or Multicurrency Revolving Credit Exposure.

    “Revolving Credit Maturity Date” means the date that is five years after the Closing Date.

    “Revolving Facility” means the Dollar Revolving Facility and the Multicurrency Revolving
      Facility.

    “Revolving Facility Borrowers” means on the Closing Date, the Lead Borrower and after the
      Closing Date, in addition to the Lead Borrower subject to execution and delivery of a Borrower Joinder Agreement and the delivery of customary corporate (and, if appropriate, shareholder) resolutions, officer certificates (and, if appropriate,
      solvency certificates) and legal opinions addressed to the Administrative Agent and the other Secured Parties of counsel for the Loan Parties (or, if applicable, in the relevant jurisdictions, counsel for the Secured Parties) reasonably acceptable to
      the Administrative Agent as to such matters as the Administrative Agent may reasonably request and such other instruments and documents as the Administrative Agent may reasonably request in connection with such Borrower Joinder Agreement, (1) subject
      to the Administrative Agent’s and the Revolving Lenders’ satisfactory receipt of documentation or other information as required by regulatory authorities under applicable “know your customer” rules and regulations, a subsidiary of the Lead Borrower
      organized and domiciled in Germany (the “German Borrower”), (2) Spectrum Brands Canada, Inc., a Canadian corporation (the “Canadian Borrower”), (3) subject to the
      Administrative Agent’s and the Revolving Lenders’ satisfactory receipt of documentation or other information as required by regulatory authorities under applicable “know your customer” rules and regulations, a subsidiary of the Lead Borrower
      organized and domiciled in England (the “U.K. Borrower” and collectively with the German Borrower and the Canadian Borrower, the “Pre-Approved Borrowers”) and (4) subject
      to the consent of the Administrative Agent, each Revolving Lender and each Issuing Bank that is requested to make available all or a part of the Revolving Credit Commitments thereto, and subject to the Administrative Agent’s receipt of documentation
      or other information as required by regulatory authorities under applicable “know your customer” rules and regulations, one or more additional subsidiaries of the Lead Borrower organized in one or more different jurisdictions to be determined and as
      designated by the Lead Borrower as a “Borrower” hereunder, in each case, after such additional Borrower has executed and delivered to the Administrative Agent a Borrower Joinder Agreement and the delivery of customary corporate (and, if appropriate,
      shareholder) resolutions, officer certificates (and, if appropriate, solvency certificates) and legal opinions addressed to the Administrative Agent and the other Secured Parties of counsel for the Loan Parties (or, if applicable, in the relevant
      jurisdictions, counsel for the Secured parties) reasonably acceptable to the Administrative Agent as to such matters as the Administrative Agent may reasonably request and such other instruments and documents as the Administrative Agent may
      reasonably request in connection with such Borrower Joinder Agreement (collectively, “Other Non-U.S. Revolving Borrowers”).

    “Revolving Lender” means a Lender with a Revolving Credit Commitment or an Additional
      Revolving Commitment or, after the termination of all Revolving Credit Commitments and Additional Revolving Commitments, with an outstanding Revolving Loan or Additional Revolving Loan.

    “Revolving Loans” means Dollar Revolving Loans and/or Multicurrency Revolving Loans.

    
      -47-

      
        

    

    “S&P” means S&P Global Ratings, or any successor thereto.

    “Sanctions Laws and Regulations” means (i) any sanctions or requirements imposed by, or based
      upon the obligations or authorities set forth in, the PATRIOT Act, the Executive Order No. 13224 of September 23, 2001, entitled Blocking Property and Prohibiting Transactions With Persons Who Commit, Threaten to Commit, or Support Terrorism (66 Fed.
      Reg. 49079 (2001)), the U.S. International Emergency Economic Powers Act (50 U.S.C. §§ 1701 et seq.), the U.S. Trading with the Enemy Act (50 U.S.C. App. §§ 1 et seq.), the U.S. Syria Accountability and Lebanese Sovereignty Act, the
      U.S. Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010 or the Iran Sanctions Act, Section 1245 of the National Defense Authorization Act of 2012, all as amended, or any of the foreign assets control regulations (including but
      not limited to 31 C.F.R., Subtitle B, Chapter V, as amended) or any other law or executive order relating thereto administered by the U.S. Department of the Treasury Office of Foreign Assets Control, and any similar law, regulation, or executive
      order enacted in the United States after the date of this Agreement, (ii) any Canadian Anti-Terrorism Laws and (iii) any Non-U.S. Sanctions Laws and Regulations.

    “SEC” means the Securities and Exchange Commission, or any Governmental Authority succeeding
      to any or all of its functions.

    “Secured Hedging Obligations” means all Hedging Obligations (other than any Excluded Swap
      Obligations) under each Hedge Agreement that (a) is in effect on the Closing Date between any Loan Party and a counterparty that is the Administrative Agent, a Lender, an Arranger or any Affiliate of the Administrative Agent, a Lender or an Arranger
      as of the Closing Date or (b) is entered into after the Closing Date between any Loan Party and any counterparty that is (or is an Affiliate of) the Administrative Agent, any Lender or any Arranger at the time such Hedge Agreement is entered into
      unless the Lead Borrower or the applicable counterparty thereto informs the Administrative Agent in writing that such Hedge Agreement has been excluded from the Secured Hedging Obligations for purposes of the Loan Documents, it being understood that
      each counterparty to any Secured Hedging Obligation shall be deemed (A) to appoint the Administrative Agent as its agent under the applicable Loan Documents and (B) to agree to be bound by the provisions of Article 8, Section 9.03 and
      Section 9.10 as if it were a Lender.

    “Secured Obligations” means all Obligations, together with (a) all Banking Services
      Obligations, (b) all Secured Hedging Obligations and (c) all Ancillary Obligations.

    “Secured Net Leverage Ratio” means the ratio, as of any date of determination, of
      (a) Consolidated Secured Debt as of such date (net of (i) unrestricted Cash and Cash Equivalents and (ii) Cash and Cash Equivalents restricted in favor of the Credit Facilities (which may also include Cash and Cash Equivalents securing other
      Indebtedness secured by a Lien on the Collateral)) to (b) Consolidated Adjusted EBITDA for the Test Period then most recently ended or the Test Period otherwise specified where the term “Secured Net Leverage Ratio” is used in this Agreement, in each
      case for the Lead Borrower and its Restricted Subsidiaries on a consolidated basis.

    “Secured Parties” means (i) the Lenders, (ii) the Ancillary Lenders, (iii) the Administrative
      Agent, (iv) the Collateral Agent, (v) each counterparty to a Hedge Agreement with a Loan Party the obligations under which constitute Secured Hedging Obligations, (vi) each provider of Banking Services to any Loan Party the obligations under which
      constitute Banking Services Obligations, (vii) the Arrangers and (viii) the beneficiaries of each indemnification obligation undertaken by any Loan Party under any Loan Document.

    “Securities” means any stock, shares, partnership interests, voting trust certificates,
      certificates of interest or participation in any profit-sharing agreement or arrangement, options, warrants, bonds, debentures, notes, or other evidences of indebtedness, secured or unsecured, convertible, subordinated or otherwise, or in general any
      instruments commonly known as “securities” or any certificates of interest, shares or participations in temporary or interim certificates for the purchase or acquisition of, or any right to subscribe to, purchase or acquire, any of the foregoing; provided that “Securities” shall not include any earn-out agreement or obligation or any employee bonus or other incentive compensation plan or agreement.

    
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    “Securities Act” means the Securities Act of 1933 and the rules and regulations of the SEC
      promulgated thereunder.

    “Security Agreement” means the Security Agreement, substantially in the form of Exhibit J,
      among the Loan Parties and the Administrative Agent for the benefit of the Secured Parties.

    “SOFR” with respect to any day means the secured overnight financing rate
      published for such day by the Federal Reserve Bank of New York, as the administrator of the benchmark, (or a successor administrator) on the Federal Reserve Bank of New York’s Website.

    “SPC” has the meaning assigned to such term in Section 9.05(e).

    “specified transaction” has the meaning assigned to such term in Section 1.09(a).

    “Standby Letter of Credit” means any Letter of Credit other than any Commercial Letter of
      Credit.

    “Stated Amount” means, with respect to any Letter of Credit, at any time, the maximum amount
      available to be drawn thereunder, in each case determined (x) as if any future automatic increases in the maximum available amount provided for in any such Letter of Credit had in fact occurred at such time and (y) without regard to whether any
      conditions to drawing could then be met but after giving effect to all previous drawings made thereunder.

    “Subject Transactions” has the meaning ascribed to such term in the definition of “Pro Forma
      Basis”.

    “Subordinated Indebtedness” means any Indebtedness of the Lead Borrower or any of its
      Restricted Subsidiaries that is expressly subordinated in right of payment to the Obligations.

    “Subsidiary” or “Subsidiaries” or “subsidiary” means, with respect to any Person, any corporation, partnership, limited liability company, association, joint venture or other business entity of which more than 50% of the total voting power of stock
      or other ownership interests entitled (without regard to the occurrence of any contingency) to vote in the election of the Person or Persons (whether directors, trustees or other Persons performing similar functions) having the power to direct or
      cause the direction of the management and policies thereof is at the time owned or controlled, directly or indirectly, by such Person or one or more of the other subsidiaries of such Person or a combination thereof; provided

      that in determining the percentage of ownership interests of any Person controlled by another Person, no ownership interests in the nature of a “qualifying share” of the former Person shall be deemed to be outstanding.  Unless otherwise
      specified, “subsidiary” means any subsidiary of the Lead Borrower.

    “Subsidiary Guarantor” means (x) on the Closing Date, each subsidiary of the Lead Borrower
      (other than any subsidiary that is an Excluded Subsidiary on the Closing Date) and (y) thereafter, each subsidiary of the Lead Borrower that guarantees the Secured Obligations pursuant to the terms of this Agreement, in each case, until such time as
      the relevant subsidiary is released from its obligations under the Loan Guaranty in accordance with the terms and provisions hereof.

    “Successor Borrower” has the meaning assigned to such term in Section 6.07(a).

    “Super Holdco” means Spectrum Brands Holdings, Inc., a Delaware corporation.

    “Supported QFC” shall have the meaning provided in Section 9.25.

    “Swap Obligations” means, with respect to any Loan Party, any obligation to pay or perform
      under any agreement, contract or transaction that constitutes a “swap” within the meaning of Section 1a(47) of the Commodity Exchange Act.

    
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    “TARGET Day” means any day on which the Trans-European Automated Real-time Gross Settlement
      Express Transfer (TARGET) payment system (or, if such payment system ceases to be operative, such other payment system (if any) determined by the Administrative Agent to be a suitable replacement) is open for the settlement of payments in Euros.

    “Taxes” means any and all present and future taxes, levies, imposts, duties, deductions,
      withholdings (including backup withholding), assessments, fees or other charges imposed by any Governmental Authority.

    “Term SOFR” means the forward-looking term rate based on SOFR that has
      been selected or recommended by the Relevant Governmental Body.

    “Termination Date” has the meaning assigned to such term in the lead-in to Article 5.

    “Test Period” means, as of any date, the period of four consecutive Fiscal Quarters then most
      recently ended for which financial statements under Section 5.01(a) or Section 5.01(b), as applicable, have been delivered (or are required to have been delivered); it being understood and agreed that prior to the first delivery of
      financial statements of Section 5.01(a), “Test Period” means the period of four consecutive Fiscal Quarters in respect of which financial statements were delivered pursuant to Section 4.01(c).

    “Threshold Amount” means $70,000,000.

    “Total Dollar Revolving Credit Commitment” means, at any time, the aggregate amount of the
      Dollar Revolving Credit Commitments, as in effect at such time; provided, that such Total Dollar Revolving Credit Commitment shall, unless otherwise agreed among the Lead Borrower and the Lenders providing such Incremental Revolving Facility,
      be increased by 80% of any upsizing of the Revolving Facility pursuant to any Incremental Revolving Facility incurred after the Closing Date.  The Total Dollar Revolving Credit Commitment as of the Closing Date is $500,000,000.

    “Total Multicurrency Revolving Credit Commitment” means, at any time, the aggregate amount of
      the Multicurrency Revolving Credit Commitments, as in effect at such time; provided, that such Total Multicurrency Revolving Credit Commitment shall, unless otherwise agreed among the Lead Borrower and the Lenders providing such Incremental
      Revolving Facility, be increased by 20% of any upsizing of the Revolving Facility pursuant to any Incremental Revolving Facility incurred after the Closing Date.  The Total Multicurrency Revolving Credit Commitment as of the Closing Date is
      $100,000,000.

    “Total Leverage Ratio” means the ratio, as of any date of determination, of (a) Consolidated
      Total Debt outstanding as of such date to (b) Consolidated Adjusted EBITDA for the Test Period then most recently ended or the Test Period otherwise specified where the term “Total Leverage Ratio” is used in this Agreement in each case for the Lead
      Borrower and its Restricted Subsidiaries.

    “Total Net Leverage Ratio” means the ratio, as of any date of determination, of
      (a) Consolidated Total Debt outstanding as of such date (net of (i) unrestricted Cash and Cash Equivalents and (ii) Cash and Cash Equivalents restricted in favor of the Credit Facilities (which may also include Cash and Cash Equivalents securing
      other Indebtedness secured by a Lien on the Collateral)) to (b) Consolidated Adjusted EBITDA for the Test Period then most recently ended or the Test Period otherwise specified where the term “Total Net Leverage Ratio” is used in this Agreement in
      each case for the Lead Borrower and its Restricted Subsidiaries.

     “Total Outstandings” means the aggregate Outstanding Amount of all Loans and all LC
      Obligations, and all Ancillary Outstandings.

    “Total Multicurrency Revolving Credit Outstandings” means the aggregate Outstanding Amount of
      all Multicurrency Revolving Loans and Multicurrency LC Obligations, and all Ancillary Outstandings.

    
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    “Total Multicurrency Revolving Outstandings” means the aggregate of all Multicurrency
      Revolving Outstandings.

    “Total Revolving Credit Commitment” means the Total Dollar Revolving Credit Commitment and the
      Total Multicurrency Revolving Credit Commitment. The Total Revolving Credit Commitment as of the Closing Date is $600,000,000.

    “Total Revolving Credit Outstandings” means the aggregate Outstanding Amount of all Revolving
      Loans and LC Obligations, and all Ancillary Outstandings.

    “Trade Date” has the meaning assigned to such term in Section 9.05(f)(i)

    “Trademark” means the following:  (a) all trademarks (including service marks), common law
      marks, trade names, trade dress, and logos, slogans and other indicia of origin under the laws of any jurisdiction in the world, and the registrations and applications for registration thereof and the goodwill of the business symbolized by the
      foregoing; (b) all renewals of the foregoing; (c) all income, royalties, damages, and payments now or hereafter due or payable with respect thereto, including, without limitation, damages, claims, and payments for past and future infringements
      thereof; (d) all rights to sue for past, present, and future infringements of the foregoing, including the right to settle suits involving claims and demands for royalties owing; and (e) all domestic rights corresponding to any of the foregoing.

    “Transaction Costs” means fees, premiums, expenses and other transaction costs (including
      original issue discount or upfront fees) payable or otherwise borne by the Lead Borrower and its subsidiaries in connection with the Transactions and the transactions contemplated thereby.

    “Transactions” means, collectively, (a) the execution, delivery and performance by the Loan
      Parties of the Loan Documents to which they are a party and the Borrowing of Loans hereunder and (b) the payment of the Transaction Costs.

     “Treasury Capital Stock” has the meaning assigned to such term in Section 6.04(a)(viii).

    “Treasury Regulations” means the U.S. federal income tax regulations promulgated under the
      Code.

    “Type”, 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 LIBO Rate, the Alternate Base Rate, the Canadian Base Rate and the BA Rate.

    “UCC” means the Uniform Commercial Code as in effect from time to time in the State of New
      York or any other state the laws of which are required to be applied in connection with the issue or perfection of security interests.

    “U.K. Borrower” has the meaning assigned to such term in the definition of “Revolving Facility
      Borrowers”.

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

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

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

    “Unfunded Advances/Participations” means (a) with respect to the Administrative Agent, the
      aggregate amount, if any (i) made available to the Lead Borrower on the assumption that each Lender has made available to the Administrative Agent such Lender’s share of the applicable Borrowing available to the Administrative Agent as contemplated
      by Section 2.07(b) and/or Section 2.18(d) and (ii) with respect to which a corresponding amount shall not in fact have been returned to the Administrative Agent by the Lead Borrower or made available to the Administrative Agent by any
      such Lender and (b) with respect to any Issuing Bank, the aggregate amount, if any, of LC Disbursements in respect of which a Revolving Lender shall have failed to make Revolving Loans to reimburse such Issuing Bank pursuant to Section 2.05(e).

    “Unrestricted Subsidiary” means any subsidiary of the Lead Borrower designated by the Lead
      Borrower as an Unrestricted Subsidiary on the Closing Date and listed on Schedule 5.10 or after the Closing Date pursuant to Section 5.10.

     “Unused Dollar Revolving Credit Commitment” of any Lender, at any time, means the remainder
      of the Dollar Revolving Credit Commitment of such Lender at such time, if any, less the sum of (a) the aggregate Outstanding Amount of Dollar Revolving Loans made by such Lender and (b) such Lender’s Dollar
      LC Exposure at such time.

    “Unused Multicurrency Revolving Credit Commitment” of any Lender, at any time, means the
      remainder of the Multicurrency Revolving Credit Commitment of such Lender at such time, if any, less the sum of (a) the aggregate Outstanding Amount of Multicurrency Revolving Loans made by such Lender,
      (b) such Lender’s Multicurrency LC Exposure at such time and (c) the Dollar Equivalent of all Ancillary Commitments denominated in an Alternative Currency of such Lender (or its Affiliates) at such time.

    “Unused Revolving Credit Commitment” of any Lender, at any time, means the Unused Dollar
      Revolving Credit Commitment and/or Unused Multicurrency Revolving Credit Commitment.

    “U.S.” means the United States of America.

    “U.S. Credit Facilities” means the Credit Facilities incurred by the Lead Borrower or any
      additional Borrower incorporated or organized under the laws of the U.S., any state thereof or the District of Columbia.

    “U.S. Dollars” or “$” refers to lawful money of the
      U.S.

    “U.S. Special Resolution Regimes” shall have the meaning provided in Section

        9.25.

    “U.S. Tax Compliance Certificate” has the meaning assigned to such term in Section 2.17(f).

    “USA PATRIOT Act” means the Uniting and Strengthening America by Providing Appropriate Tools
      Required to Intercept and Obstruct Terrorism Act of 2001 (Title III of Pub. L. No. 107-56 (signed into law October 26, 2001)).

    “Weighted Average Life to Maturity” means, when applied to any Indebtedness at any date, the
      number of years obtained by dividing:  (a) the sum of the products obtained by multiplying (i) the amount of each then remaining installment, sinking fund, serial maturity or other required payments of principal, including payment at final maturity,
      in respect thereof, by (ii) the number of years (calculated to the nearest one-twelfth) that will elapse between such date and the making of such payment; by (b) the then outstanding principal amount of such Indebtedness.

    “Wholly-Owned Subsidiary” of any Person means a subsidiary of such Person, 100% of the Capital
      Stock of which (other than directors’ qualifying shares or shares required by law to be owned by a resident

    
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    of the relevant jurisdiction) shall be owned by such Person or by one or more Wholly-Owned Subsidiaries of such Person.

    “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.

    Section 1.02          Classification of Loans and
          Borrowings.  For purposes of this Agreement, Loans may be classified and referred to by Class (e.g., a “Revolving Loan”) or by Type (e.g., an “ABR Loan” or a
        “Eurocurrency Rate Loan”) or by Class and Type (e.g., a “Eurocurrency Rate Revolving Loan”).  Borrowings also may be classified and referred to by Class (e.g., a
        “Revolving Borrowing”) or by Type (e.g., an “ABR Borrowing” or a “Eurocurrency Rate Borrowing”) or by Class and Type (e.g., an “ABR Rate Revolving Borrowing” or a
        “Eurocurrency Rate Revolving Borrowing”).

    Section 1.03          Terms Generally.  The
        definitions of terms herein shall apply equally to the singular and plural forms of the terms defined.  Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms.  The words “include,”
        “includes” and “including” shall be deemed to be followed by the phrase “without limitation.” The word “will” shall be construed to have the same meaning and effect as the word “shall.” Unless the context requires otherwise (a) any definition of or
        reference to any agreement, instrument or other document herein or in any Loan Document shall be construed as referring to such agreement, instrument or other document as from time to time amended, restated, amended and restated, supplemented or
        otherwise modified or extended, replaced or refinanced (subject to any restrictions or qualifications on such amendments, restatements, amendment and restatements, supplements or modifications or extensions, replacements or refinancings set forth
        herein), (b) any reference to any law in any Loan Document shall include all statutory and regulatory provisions consolidating, amending, replacing, supplementing or interpreting such law, (c) any reference herein or in any Loan Document to any
        Person shall be construed to include such Person’s successors and permitted assigns, (d) the words “herein,” “hereof” and “hereunder,” and words of similar import, when used in any Loan Document, shall be construed to refer to such Loan Document in
        its entirety and not to any particular provision hereof, (e) all references herein or in any Loan Document to Articles, Sections, clauses, paragraphs, Exhibits and Schedules shall be construed to refer to Articles, Sections, clauses and paragraphs
        of, and Exhibits and Schedules to, such Loan Document, (f) in the computation of periods of time in any Loan Document from a specified date to a later specified date, the word “from” means “from and including”, the words “to” and “until” mean “to
        but excluding” and the word “through” means “to and including” and (g) the words “asset” and “property”, when used in any Loan Document, shall be construed to have the same meaning and effect and to refer to any and all tangible and intangible
        assets and properties, including Cash, securities, accounts and contract rights.  For purposes of determining compliance at any time with Sections 6.01, 6.02, 6.04, 6.05, 6.06, 6.07 and 6.09,
        in the event that any Indebtedness, Lien, Restricted Payment, Restricted Debt Payment, Investment, Disposition or Affiliate transaction, as applicable, meets the criteria of more than one of the categories of transactions or items permitted
        pursuant to any clause of such Sections 6.01 (other than Sections 6.01(a), (c), (i), (q), (w) and (z)), 6.02 (other than Sections 6.02(a) and (t)), 6.04, 6.05,
        6.06, 6.07 and 6.09, the Lead Borrower, in its sole discretion, may, from time to time, classify or reclassify such transaction or item (or portion thereof) and will only be required to include the amount and type of such
        transaction (or portion thereof) in any one category.  It is understood and agreed that any Indebtedness, Lien, Restricted Payment, Restricted Debt Payment, Investment, Disposition and/or Affiliate transaction need not be permitted solely by
        reference to one category of permitted Indebtedness, Lien, Restricted Payment, Restricted Debt Payment, Investment, Disposition and/or Affiliate transaction under Sections 6.01, 6.02, 6.04, 6.05, 6.06, 6.07
        or 6.09, respectively, but may instead be permitted in part under any combination thereof.

    Section 1.04          Accounting Terms; GAAP.

    
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    (a)          All financial statements to be delivered
        pursuant to this Agreement shall be prepared in accordance with GAAP as in effect from time to time and, except as otherwise expressly provided herein, all terms of an accounting or financial nature that are used in calculating the Total Leverage
        Ratio, Total Net Leverage Ratio, the First Lien Net Leverage Ratio, the Secured Net Leverage Ratio, the Fixed Charge Coverage Ratio, Consolidated Adjusted EBITDA or Consolidated Total Assets shall be construed and interpreted in accordance with
        GAAP, as in effect from time to time; provided that if the Lead Borrower notifies the Administrative Agent that the Lead Borrower requests an amendment to any provision hereof to eliminate the effect of
        any change occurring after the date of delivery of the financial statements described in Section 3.04(a) in GAAP or in the application thereof on the operation of such provision (or if the Administrative Agent notifies the Lead Borrower
        that the Required Lenders request an amendment to any provision hereof for such purpose), regardless of whether any such notice is given before or after such change in GAAP or in the application thereof, then such provision shall be interpreted on
        the basis of GAAP as in effect and applied immediately before such change becomes effective until such notice shall have been withdrawn or such provision amended in accordance herewith; provided, further, that if such an amendment is requested by the Lead Borrower or the Required Lenders, then the Lead Borrower and the Administrative Agent shall negotiate in good faith to enter into an amendment of the
        relevant affected provisions (without the payment of any amendment or similar fee to the Lenders) to preserve the original intent thereof in light of such change in GAAP or the application thereof; provided,
        further, 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 (i) 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 Lead Borrower or any subsidiary at “fair value”, as defined therein and (ii) 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.

    (b)          Notwithstanding anything to the contrary
        herein, but subject to Section 1.11, all financial ratios and tests (including the Total Leverage Ratio, Total Net Leverage Ratio, the First Lien Net Leverage Ratio, the Secured Net Leverage Ratio, the Fixed Charge Coverage Ratio and the
        amount of Consolidated Total Assets and Consolidated Adjusted EBITDA) contained in this Agreement that are calculated with respect to any Test Period during which any Subject Transaction occurs shall be calculated with respect to such Test Period
        and such Subject Transaction on a Pro Forma Basis.  Further, if since the beginning of any such Test Period and on or prior to the date of any required calculation of any financial ratio or test (x) any Subject Transaction has occurred or (y) any
        Person that subsequently became a Restricted Subsidiary or was merged, amalgamated or consolidated with or into the Lead Borrower or any of its Restricted Subsidiaries or any joint venture since the beginning of such Test Period has consummated any
        Subject Transaction, then, in each case, any applicable financial ratio or test shall be calculated on a Pro Forma Basis for such Test Period as if such Subject Transaction had occurred at the beginning of the applicable Test Period (it being
        understood, for the avoidance of doubt, that solely for purposes of (x) calculating quarterly compliance with Section 6.15 and (y) calculating the Total Leverage Ratio for purposes of the definitions of “Applicable Rate” and/or “Commitment
        Fee Rate”, in each case, the date of the required calculation shall be the last day of the Test Period, and no Subject Transaction occurring thereafter shall be taken into account).

    (c)          Notwithstanding anything to the contrary
        contained in paragraph (a) above or in the definition of “Capital Lease”, with respect to  the accounting change requiring all leases to be capitalized, only those leases that would have constituted Capital Leases in conformity with GAAP
        prior to such change  shall be considered Capital Leases, and all calculations and deliverables under this Agreement or any other Loan Document shall be made or delivered, as applicable, in accordance therewith (provided

        that together with all financial statements delivered to the Administrative Agent in accordance with the terms of this Agreement after the date of any such accounting change, the Lead Borrower shall deliver a schedule showing the adjustments
        necessary to reconcile such financial statements with GAAP as in effect immediately prior to such accounting change).

    Section 1.05          Effectuation of Transactions. 

        Each of the representations and warranties contained in this Agreement (and all corresponding definitions) is made after giving effect to the Transactions, unless the context otherwise requires.

    
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    Section 1.06          Timing of Payment of
          Performance.  When payment of any obligation or the performance of any covenant, duty or obligation is stated to be due or required on a day which is not a Business Day, the date of such payment (other than as described in the definition of
        “Interest Period”) or performance shall extend to the immediately succeeding Business Day, and, in the case of any payment accruing interest, interest thereon shall be payable for the period of such extension.

    Section 1.07          Times of Day.  Unless
        otherwise specified, all references herein to times of day shall be references to New York City time (daylight or standard, as applicable).

    Section 1.08          Additional Alternative
          Currencies.

    (a)          The Lead Borrower may from time to time
        request that Revolving Loans constituting Eurocurrency Rate Loans be made and/or Letters of Credit be issued in a currency other than those specifically listed in the definition of “Alternative Currencies”; provided

        that such requested currency is a lawful currency (other than U.S. Dollars) that is readily available and freely transferable and convertible into U.S. Dollars.  In the case of any such request with respect to the making of Eurocurrency Rate
        Loans, such request shall be subject to the approval of the Administrative Agent and each Lender that would be obligated to make Credit Extensions denominated in such requested currency; and in the case of any such request with respect to the
        issuance of Letters of Credit, such request shall be subject to the approval of the Administrative Agent and the Issuing Bank that has been requested to issue such Letters of Credit.

    (b)          Any such request shall be made to the
        Administrative Agent not later than 11:00 a.m., 15 Business Days prior to the date of the desired Credit Extension (or such other time or date as may be agreed by the Administrative Agent and, in the case of any such request pertaining to Letters
        of Credit, the applicable Issuing Bank(s), in its or their sole discretion).  In the case of any such request pertaining to Eurocurrency Rate Loans, the Administrative Agent shall promptly notify each Lender thereof; and in the case of any such
        request pertaining to Letters of Credit, the Administrative Agent shall promptly notify the applicable Issuing Bank(s).  Each Lender (in the case of any such request pertaining to Eurocurrency Rate Loans) or the applicable Issuing Bank(s) (in the
        case of a request pertaining to Letters of Credit) shall notify the Administrative Agent, not later than 11:00 a.m., ten Business Days after receipt of such request whether it consents, in its sole discretion, to the making of Eurocurrency Rate
        Loans or the issuance of Letters of Credit, as the case may be, in such requested currency.

    (c)          Any failure by a Lender or the
        applicable Issuing Bank(s), as the case may be, to respond to such request within the time period specified in the preceding sentence shall be deemed to be a refusal by such Lender or the applicable Issuing Bank(s), as the case may be, to permit
        Eurocurrency Rate Loans to be made or Letters of Credit to be issued in such requested currency.  If the Administrative Agent and all the Lenders that would be obligated to make Credit Extensions denominated in such requested currency consent to
        making Eurocurrency Rate Loans in such requested currency, the Administrative Agent shall so notify the Lead Borrower and such currency shall thereupon be deemed for all purposes to be an Alternative Currency hereunder for purposes of any
        Borrowings of Eurocurrency Rate Loans; and if the Administrative Agent and the applicable Issuing Bank(s) consent to the issuance of Letters of Credit in such requested currency, the Administrative Agent shall so notify the Lead Borrower and such
        currency shall thereupon be deemed for all purposes to be an Alternative Currency hereunder for purposes of any Letter of Credit issuances.  If the Administrative Agent shall fail to obtain the requisite consent to any request for an additional
        currency under this Section 1.08, the Administrative Agent shall promptly so notify the Lead Borrower.

    Section 1.09          Currency Generally.

    (a)          For purposes of any determination under
        Article 5, Article 6 (other than Section 6.15(a) and the calculation of compliance with any financial ratio for purposes of taking any action hereunder) or Article 7 with respect to the amount of any Indebtedness,
        Lien, Restricted Payment, Restricted Debt Payment, Investment, Disposition, affiliate transaction or other transaction, event or circumstance, or any determination under any other provision of this Agreement, (any of the foregoing, a “specified transaction”), in a currency other than U.S. Dollars, (i) the U.S. Dollar equivalent amount of a specified transaction in a currency other than U.S. Dollars shall be calculated based on the rate of
        exchange quoted by the Bloomberg Foreign Exchange Rates & World Currencies Page (or any successor page thereto, or in the event such rate does not appear on any Bloomberg Page,

    
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    by reference to such other publicly available service for displaying exchange rates as may be agreed upon by the Administrative Agent and the Lead
      Borrower) for such foreign currency, as in effect at 11:00 a.m. (London time) on the date of such specified transaction (which, in the case of any Restricted Payment, shall be deemed to be the date of the declaration thereof and, in the case of the
      incurrence of Indebtedness, shall be deemed to be on the date first committed); provided that if any Indebtedness is incurred (and, if applicable, associated Lien granted) to refinance or replace other
      Indebtedness denominated in a currency other than U.S. Dollars, and the relevant refinancing or replacement would cause the applicable U.S. Dollar-denominated restriction to be exceeded if calculated at the relevant currency exchange rate in effect
      on the date of such refinancing or replacement, such U.S. Dollar-denominated restriction shall be deemed not to have been exceeded so long as the principal amount of such refinancing or replacement Indebtedness (and, if applicable, associated Lien
      granted) does not exceed an amount sufficient to repay the principal amount of such Indebtedness being refinanced or replaced, except by an amount equal to (x) unpaid accrued interest and premiums (including tender premiums) thereon plus other reasonable and customary fees and expenses (including upfront fees and original issue discount) incurred in connection with such refinancing or replacement, (y) any existing commitments unutilized
      thereunder and (z) additional amounts permitted to be incurred under Section 6.01 and (ii) for the avoidance of doubt, no Default or Event of Default shall be deemed to have occurred solely as a result of a change in the rate of currency
      exchange occurring after the time of any specified transaction so long as such specified transaction was permitted at the time incurred, made, acquired, committed, entered or declared as set forth in clause (i).  For purposes of Section 6.15(a)
      and the calculation of compliance with any financial ratio for purposes of taking any action hereunder, on any relevant date of determination, amounts denominated in currencies other than U.S. Dollars shall be translated into U.S. Dollars at the
      applicable currency exchange rate used in preparing the financial statements delivered pursuant to Section 5.01(a) or (b), as applicable, for the relevant Test Period and will, with respect to any Indebtedness, reflect the currency
      translation effects, determined in accordance with GAAP, of any Hedge Agreement permitted hereunder in respect of currency exchange risks with respect to the applicable currency in effect on the date of determination for the U.S. Dollar equivalent
      amount of such Indebtedness.

    (b)          Each provision of this Agreement shall
        be subject to such reasonable changes of construction as the Administrative Agent may from time to time specify with the Lead Borrower’s consent to appropriately reflect a change in currency of any country and any relevant market convention or
        practice relating to such change in currency.

    Section 1.10          Cashless Rollovers. 
        Notwithstanding anything to the contrary contained in this Agreement or in any other Loan Document, to the extent that any Lender extends the maturity date of, or replaces, renews or refinances, any of its then- existing

        Loans with Incremental Loans, Loans in connection with any Replacement Revolving Facility, Extended Revolving Loans or loans incurred under a new credit facility, in each case, to the extent such extension, replacement, renewal or refinancing is
        effected by means of a “cashless roll” by such Lender, such extension, replacement, renewal or refinancing shall be deemed to comply with any requirement hereunder or any other Loan Document that such payment be made “in U.S. Dollars”, “in
        Alternative Currencies”, “in immediately available funds”, “in Cash” or any other similar requirement.  Notwithstanding anything to the contrary set forth in this Agreement, any Lender may exchange, continue or rollover all or a portion of its
        Loans in connection with any refinancing, extension, loan modification or similar transaction permitted by the terms of this Agreement pursuant to a cashless settlement mechanism approved by the Borrowers, the Administrative Agent and such Lender.

    Section 1.11          Certain Calculations and
          Tests.

    (a)          Notwithstanding anything to the contrary
        herein, to the extent that the terms of this Agreement require (i) compliance with any financial ratio or test (including, without limitation, Section 6.15(a), any First Lien Net Leverage Ratio test, any Secured Net Leverage Ratio test, any
        Total Leverage Ratio test, any Total Net Leverage Ratio test, any Fixed Charge Coverage Ratio test) and/or the amount of Consolidated Adjusted EBITDA or Consolidated Total Assets or (ii) the absence of a Default or Event of Default (or any type of
        Default or Event of Default) as a condition to (A) the making of any Restricted Payment and/or (B) the making of any Restricted Debt Payment, the determination of whether the relevant condition is satisfied may be made, at the election of the Lead
        Borrower, (1) in the case of any Restricted Payment, at the time of (or on the basis of the financial statements for the most recently ended Test Period at the time of) (x) the declaration of such Restricted Payment or (y) the making of such
        Restricted Payment and (2) in the case of any Restricted Debt Payment, at the

    
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    time of (or on the basis of the financial statements for the most recently ended Test Period at the time of) (x) delivery of irrevocable (which may be
      conditional) notice with respect to such Restricted Debt Payment or (y) the making of such Restricted Debt Payment, in each case, after giving effect to the relevant acquisition, Restricted Payment and/or Restricted Debt Payment on a Pro Forma Basis.

    (b)          For purposes of determining the
        permissibility of any action, change, transaction or event that requires a calculation of any financial ratio or test (including, without limitation, Section 6.15(a), any First Lien Net Leverage Ratio test, any Secured Net Leverage Ratio
        test, any Total Leverage Ratio test, any Total Net Leverage Ratio test and/or any Fixed Charge Coverage Ratio test and/or the amount of Consolidated Adjusted EBITDA or Consolidated Total Assets), such financial ratio or test shall be calculated at
        the time such action is taken (subject to clause (a) above), such change is made, such transaction is consummated or such event occurs, as the case may be, and no Default or Event of Default shall be deemed to have occurred solely as a
        result of a change in such financial ratio or test occurring after the time such action is taken, such change is made, such transaction is consummated or such event occurs, as the case may be.

    (c)          Notwithstanding anything to the contrary
        herein, with respect to any amounts incurred or transactions entered into (or consummated) in reliance on a provision of this Agreement that does not require compliance with a financial ratio or test (including, without limitation, Section 6.15(a),
        any First Lien Net Leverage Ratio test, any Secured Net Leverage Ratio test, any Total Leverage Ratio test, any Total Net Leverage Ratio test and/or any Fixed Charge Coverage Ratio test) (any such amounts, the “Fixed

          Amounts”) substantially concurrently with any amounts incurred or transactions entered into (or consummated) in reliance on a provision of this Agreement that requires compliance with a financial ratio or test (including, without
        limitation, Section 6.15(a), any First Lien Net Leverage Ratio test, any Secured Net Leverage Ratio test, any Total Leverage Ratio test, any Total Net Leverage Ratio test and/or any Fixed Charge Coverage Ratio test) (any such amounts, the “Incurrence-Based Amounts”), it is understood and agreed that the Fixed Amounts shall be disregarded in the calculation of the financial ratio or test applicable to the Incurrence-Based Amounts.

    Section 1.12          Rounding.  Any financial
        ratios required to be maintained by the Lead Borrower pursuant to this Agreement (or required to be satisfied in order for a specific action to be permitted under this Agreement) shall be calculated by dividing the appropriate component by the
        other component, carrying the result to one place more than the number of places by which such ratio is expressed herein and rounding the result up or down to the nearest number (with a rounding-up for five).

    Section 1.13          Available Amount Threshold. 

        If more than one action occurs on any given date the permissibility of the taking of which is determined hereunder by reference to the amount of the Available Amount immediately prior to the taking of such action, the permissibility of the taking
        of each such action shall be determined independently.

    Section 1.14          Divisions. For the
        avoidance of doubt, any reference herein or in any Loan Document to an assignment, sale, disposition or transfer, or similar term, shall be deemed to apply to a division of or by a limited liability company or other entity, or an allocation of
        assets to a series of a limited liability company or other entity (or the unwinding of such a division or allocation), as if it were an assignment, sale or transfer, or similar term, as applicable, to a separate Person. Any division of a limited
        liability company or other entity shall constitute a new separate Person hereunder (and each division of any limited liability company or other entity that is a Subsidiary, Restricted Subsidiary, Unrestricted Subsidiary, joint venture or any other
        like term shall also constitute such a Person), and such new Person shall be deemed to have been formed on the first date of its existence by the holders of its equity interests at such time.

    ARTICLE 2

      

      THE CREDITS

    Section 2.01          Commitments.

    (a)          Subject to the terms and conditions set
        forth herein, (x) each Dollar Revolving Lender severally, and not jointly, agrees to make Dollar Revolving Loans denominated in U.S. Dollars to the Revolving

    
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    Facility Borrowers in U.S. Dollars at any time and from time to time on and after the Closing Date, and until the earlier of the Dollar Revolving Credit
      Maturity Date and the termination of the Dollar Revolving Credit Commitment of such Dollar Revolving Lender in accordance with the terms hereof; provided that after giving effect to any Borrowing of Dollar Revolving Loans, the Outstanding Amount of
      such Lender’s Dollar Revolving Credit Exposure shall not exceed such Lender’s Dollar Revolving Credit Commitment and (y) each Multicurrency Revolving Lender severally, and not jointly, agrees to make Multicurrency Revolving Loans denominated in U.S.
      Dollars or Alternative Currencies to the Revolving Facility Borrowers in U.S. Dollars or Alternative Currencies at any time and from time to time on and after the Closing Date, and until the earlier of the Multicurrency Revolving Credit Maturity Date
      and the termination of the Multicurrency Revolving Credit Commitment of such Multicurrency Revolving Lender in accordance with the terms hereof; provided that after giving effect to any Borrowing of Multicurrency Revolving Loans, the Dollar
      Equivalent of the Outstanding Amount of such Lender’s Multicurrency Revolving Credit Exposure shall not exceed the Dollar Equivalent of such Lender’s Multicurrency Revolving Credit Commitment. Within the foregoing limits and subject to the terms,
      conditions and limitations set forth herein, the Revolving Facility Borrowers may borrow, pay or prepay and reborrow Revolving Loans. Subject to the terms of this Agreement and the Ancillary Documents, an Ancillary Lender may make available an
      Ancillary Facility to any Revolving Facility Borrower in place of all or part of its Multicurrency Revolving Credit Commitment.

    (b)          [reserved].

    (c)          Subject to the terms and conditions of
        this Agreement, each Lender and each Additional Lender with an Additional Revolving Commitment for a given Class of Incremental Revolving Loans severally, and not jointly, agrees to make Incremental Revolving Loans to any Revolving Facility
        Borrower at any time and from time to time on and after the initial incurrence thereof, and until the earlier of the maturity thereof and the termination of the Additional Revolving Commitment of such in accordance with the terms hereof; provided that after giving effect to any Borrowing of Incremental Revolving Loans, the Outstanding Amount of such Lender’s Revolving Credit Exposure in respect of Additional Revolving Loans shall not exceed
        such Lender’s Additional Revolving Commitment in respect of Additional Revolving Loans.

    Section 2.02          Loans and Borrowings.

    (a)          Each Loan shall be made as part of a
        Borrowing consisting of Loans of the same Class and Type made by the Lenders ratably in accordance with their respective Commitments of the applicable Class.

    (b)          Subject to Section 2.01 and Section 2.14,
        each Borrowing shall be comprised entirely of ABR Loans or Eurocurrency Rate Loans as the Lead Borrower may request in accordance herewith or in the case of Revolving Loans in Alternative Currencies (to the extent not provided for herein, with
        interest rate calculations in respect of such Alternative Currencies provided for in a manner mutually satisfactory to the Lead Borrower and the Administrative Agent).  Each Lender at its option may make any Eurocurrency Rate Loan or Canadian Base
        Rate Loan by causing any domestic or foreign branch or Affiliate of such Lender to make such Loan; provided that (i) any exercise of such option shall not affect the obligation of the Lead Borrower to
        repay such Loan in accordance with the terms of this Agreement, (ii) such Eurocurrency Rate Loan or Canadian Base Rate Loan shall be deemed to have been made and held by such Lender, and the obligation of the Lead Borrower to repay such
        Eurocurrency Rate Loan and Canadian Base Rate Loan shall nevertheless be to such Lender for the account of such domestic or foreign branch or Affiliate of such Lender and (iii) in exercising such option, such Lender shall use reasonable efforts to
        minimize increased costs to the Lead Borrower resulting therefrom (which obligation of such Lender shall not require it to take, or refrain from taking, actions that it determines would result in increased costs for which it will not be compensated
        hereunder or that it otherwise determines would be disadvantageous to it and in the event of such request for costs for which compensation is provided under this Agreement, the provisions of Section 2.15 shall apply); provided, further that any such domestic or foreign branch or Affiliate of such Lender shall not be entitled to any greater indemnification under Section 2.17 with respect to such Eurocurrency Rate Loan
        or Canadian Base Rate Loan, as applicable than that to which the applicable Lender was entitled on the date on which such Loan was made (except in connection with any indemnification entitlement arising as a result of a Change in Law after the date
        on which such Loan was made).

    (c)          At the commencement of each Interest
        Period for any Borrowing of Revolving Loans, such Borrowing shall comprise an aggregate principal amount that is an integral multiple of the Dollar Equivalent of

    
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    $100,000 and not less than Dollar Equivalent of $1,000,000; provided that an ABR Revolving Borrowing may be
      made in a lesser aggregate amount that is (x) equal to the entire aggregate Unused Revolving Credit Commitments or (y) required to finance the reimbursement of an LC Disbursement as contemplated by Section 2.05(e).  Borrowings of more than
      one Type and Class may be outstanding at the same time; provided that there shall not at any time be more than a total of 10 different Interest Periods in effect for Eurocurrency Rate Borrowings at any time
      outstanding (or such greater number of different Interest Periods as the Administrative Agent may agree from time to time).

    (d)          Notwithstanding any other provision of
        this Agreement, the Borrowers shall not, nor shall it be entitled to, request, or to elect to convert or continue, any Borrowing if the Interest Period requested with respect thereto would end after the Maturity Date applicable to such Loans or, in
        the case of an election to convert or continue any Borrowing, would not be in the same currency.

    Section 2.03          Requests for Borrowings. 

        Each Revolving Borrowing, each conversion of Revolving Loans from one Type to the other, and each continuation of Eurocurrency Rate Loans shall be made upon irrevocable notice by the applicable Borrower to the Administrative Agent.  Each such
        notice must be in writing or by telephone (and promptly confirmed in writing) and must be received by the Administrative Agent (by hand delivery, fax or other electronic transmission (including “.pdf” or “.tif”)) (w) in the case of a Borrowing
        denominated in U.S. Dollars, (1) not later than 12:00 p.m. New York City time three Business Days prior to the requested day of any Borrowing, conversion or continuation of Eurocurrency Rate Loans (or one Business Day in the case of any Borrowing
        of Eurocurrency Rate Loans to be made on the Closing Date) or (2) not later than 11:00 a.m. New York City time on the requested date of any Borrowing of ABR Loans (or, in each case, such later time as shall be acceptable to the Administrative
        Agent), (x) in the case of a Borrowing denominated in Canadian Dollars, (1) not later than 12:00 p.m. New York City time three Business Days prior to the requested day of any Borrowing, conversion or continuation of Eurocurrency Rate Loans (or one
        Business Day in the case of any Borrowing of Eurocurrency Rate Loans to be made on the Closing Date) or (2) not later than 10:00 a.m. New York City time one Business Day prior to the requested day of any Borrowing of ABR Loans (or, in each case,
        such later time as shall be acceptable to the Administrative Agent and the Multicurrency Revolving Lenders), (y) in the case of a Borrowing denominated in Euros or Pounds Sterling, not later than 11 a.m. London time, three Business Days prior to
        the requested day of any Borrowing, conversion or continuation of Eurocurrency Rate Loans (or one Business Day in the case of any Borrowing of such Eurocurrency Rate Loans to be made on the Closing Date) and (z) in the case of a Borrowing
        denominated in an Alternative Currency other than Canadian Dollars, Euros or Pounds Sterling, not later than the Applicable Time (or one Business Day in the case of any Borrowing of such Eurocurrency Rate Loans to be made on the Closing Date); provided, however, that if the applicable Borrower wishes to request Eurocurrency Rate Loans having an Interest Period of other than one, two, three or six months in duration as provided in the definition of
        “Interest Period,” (A) the applicable notice from the applicable Borrower must be received by the Administrative Agent (x) with respect to Loans denominated in U.S. Dollars or Canadian Dollars, not later than 12:00 p.m. New York City time, five
        Business Days prior to the requested date of such Borrowing, conversion or continuation, (y) with respect to Loans denominated in Euros or Pounds Sterling, not later than 11 a.m. London time, five Business Days prior to the requested date of such
        Borrowing, conversion or continuation and (z) with respect to Loans denominated in an Alternative Currency other than Canadian Dollars, Euros or Pounds Sterling, not later than the Applicable Time, whereupon the Administrative Agent shall give
        prompt notice to the appropriate Lenders of such request and determine whether the requested Interest Period is acceptable to them and (B) (x) with respect to Loans denominated in U.S. Dollars or Canadian Dollars, not later than 10:00 a.m. New York
        City time four Business Days before the requested date of such Borrowing, (y) with respect to Loans denominated in Euros or Pounds Sterling, not later than 10:00 a.m. London time four Business Days before the requested date of such Borrowing
        conversion or continuation and (z) with respect to with respect to Loans denominated in an Alternative Currency other than Canadian Dollars, Euros or Pounds Sterling, not later than the Applicable Time, the Administrative Agent shall notify the
        applicable Borrower whether or not the requested Interest Period has been consented by all the appropriate Lenders.  Each written notice (or confirmation of telephonic notice) with respect to a Borrowing by the applicable Borrower pursuant to this
        Section 2.03 shall be delivered to the Administrative Agent in the form of a written Borrowing Request, appropriately completed and signed by a Responsible Officer of the applicable Borrower.  Each such telephonic and written Borrowing
        Request shall specify the following information in compliance with Section 2.02:

    (a)          the Class and currency of such
        Borrowing;

    
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    (b)          the aggregate amount of the requested
        Borrowing;

    (c)          the date of such Borrowing, which shall
        be a Business Day;

    (d)          whether such Borrowing is to be an ABR
        Borrowing or a Eurocurrency Rate Borrowing;

    (e)          in the case of a Eurocurrency Rate
        Borrowing, the initial Interest Period to be applicable thereto, which shall be a period contemplated by the definition of the term “Interest Period”; and

    (f)          the location and number of the
        applicable Borrower’s account or any other designated account(s) to which funds are to be disbursed (the “Funding Account”).

    If no election as to the Type of Borrowing is specified with respect to Loans denominated in U.S. Dollars or Canadian Dollars, then the requested
      Borrowing shall be an ABR Borrowing. If no Interest Period is specified with respect to any requested Eurocurrency Rate Borrowing, then the applicable Borrower shall be deemed to have selected an Interest Period of one month’s duration.  If no
      election regarding the currency of such Borrowing is specified with respect to any Multicurrency Revolving Loan, then the Loans so required shall be made in U.S. Dollars.  The Administrative Agent shall advise each Lender of the details thereof and
      of the amount of the Loan to be made as part of the requested Borrowing (x) in the case of any ABR Borrowing, on the same Business Day of receipt of a Borrowing Request in accordance with this Section 2.03 or (y) in the case of any
      Eurocurrency Rate Borrowing, no later than one Business Day following receipt of a Borrowing Request in accordance with this Section 2.03.

    Section 2.04          [Reserved].

    Section 2.05          Letters of Credit.

    (a)          General.

    (i)          Dollar Letters of
          Credit.  Subject to the terms and conditions set forth herein, (i) each Issuing Bank agrees, in each case in reliance upon the agreements of the other Revolving Lenders set forth in this Section 2.05, (A) from time to time on any
        Business Day during the period from the Closing Date to the fifth Business Day prior to the Revolving Credit Maturity Date, upon the request of the Lead Borrower, to issue Dollar Letters of Credit issued only for the account of the Lead Borrower
        (or any Restricted Subsidiary; provided that to the extent that any such Restricted Subsidiary is not a Loan Party, such Letter of Credit shall be deemed an Investment in such Restricted Subsidiary and
        shall only be issued so long as it is permitted under Section 6.06) and to amend or renew Dollar Letters of Credit previously issued by it, in accordance with Section 2.05(b), and (B) to honor drafts under the Dollar Letters of
        Credit, and (ii) the Dollar Revolving Lenders severally agree to participate in the Dollar Letters of Credit issued pursuant to Section 2.05(d).  On and after the Closing Date, each Existing Dollar Letter of Credit shall be deemed to be a
        Dollar Letter of Credit issued hereunder on the Closing Date for all purposes under this Agreement and the other Loan Documents, subject to the last sentence of Section 2.05(b).  Dollar Letters of Credit will be issued on a serial basis by
        each Primary Issuing Bank, in each case, at the direction of the Administrative Agent, with (i) such issuance to result in the Primary Issuing Banks sharing (to the extent reasonably practicable) ratably in the aggregate exposure with respect to
        Letters of Credit and (ii) the Dollar Letter of Credit exposure of each Primary Issuing Bank to be subject to an individual sub-limit, which shall be $20,000,000 for RBC and $20,000,000 for JPM, or in either case, such other amounts from time to
        time as otherwise mutually agreed to by each such Primary Issuing Bank and the Lead Borrower.  For the avoidance of doubt, Existing Dollar Letters of Credit of a Primary Issuing Bank shall count towards such Primary Issuing Bank’s individual
        sub-limit.

    (ii)          Multicurrency
          Letters of Credit.  Subject to the terms and conditions set forth herein, (i) each Issuing Bank agrees, in each case in reliance upon the agreements of the other

    
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    Revolving Lenders set forth in this Section 2.05, (A) from time to time on any Business Day during the period from the Closing
      Date to the fifth Business Day prior to the Revolving Credit Maturity Date, upon the request of the Lead Borrower, to issue Multicurrency Letters of Credit issued only for the account of the Lead Borrower (or any Restricted Subsidiary; provided that to the extent that any such Restricted Subsidiary is not a Loan Party, such Letter of Credit shall be deemed an Investment in such Restricted Subsidiary and shall only be issued so long as it is
      permitted under Section 6.06) and to amend or renew Multicurrency Letters of Credit previously issued by it, in accordance with Section 2.05(b), and (B) to honor drafts under the Multicurrency Letters of Credit, and (ii) the
      Multicurrency Revolving Lenders severally agree to participate in the Multicurrency Letters of Credit issued pursuant to Section 2.05(d).  On and after the Closing Date, each Existing Multicurrency Letter of Credit shall be deemed to be a
      Multicurrency Letter of Credit issued hereunder on the Closing Date for all purposes under this Agreement and the other Loan Documents, subject to the last sentence of Section 2.05(b).  Multicurrency Letters of Credit will be issued on a
      serial basis by each Primary Issuing Bank, in each case, at the direction of the Administrative Agent, with (i) such issuance to result in the Primary Issuing Banks sharing (to the extent reasonably practicable) ratably in the aggregate exposure with
      respect to Multicurrency Letters of Credit and (ii) the Multicurrency Letter of Credit exposure of each Primary Issuing Bank to be subject to an individual sub-limit, the Dollar Equivalent of which shall be $10,000,000 for RBC and $5,000,000 for JPM,
      or in either case, such other amounts from time to time as otherwise mutually agreed to by each such Primary Issuing Bank and the Lead Borrower.  For the avoidance of doubt, Existing Multi-Currency Letters of Credit of a Primary Issuing Bank shall
      count towards such Primary Issuing Bank’s individual sub-limit.

    (iii)          The Lead Borrower
        shall identify in the request for the issuance of a Letter of Credit under which of the Multicurrency Revolving Facility or the Dollar Revolving Facility such Letter of Credit shall be issued; provided that

        Letters of Credit denominated in a currency other than U.S. Dollars may only be requested to be issued under the Multicurrency Revolving Facility (and, for the avoidance of doubt, Letters of Credit in U.S. Dollars may be issued under either the
        Dollar Revolving Facility or the Multicurrency Revolving Facility).

    (iv)          No Issuing Bank
        shall be under any obligation to issue any Letter of Credit if:

    (A)          any order, judgment
        or decree of any Governmental Authority or arbitrator shall by its terms purport to enjoin or restrain such Issuing Bank from issuing such Letter of Credit, or any law applicable to such Issuing Bank or any request or directive (whether or not
        having the force of law) from any Governmental Authority with jurisdiction over such Issuing Bank shall prohibit, or request that such Issuing Bank refrain from, the issuance of letters of credit generally or such Letter of Credit in particular or
        shall impose upon such Issuing Bank with respect to such Letter of Credit any restriction, reserve or capital requirement (for which such Issuing Bank is not otherwise compensated hereunder) not in effect on the Closing Date, or shall impose upon
        such Issuing Bank any unreimbursed loss, cost or expense which was not applicable on the Closing Date and which such Issuing Bank in good faith deems material to it;

    (B)          the issuance of such
        Letter of Credit would violate one or more policies of such Issuing Bank applicable to letters of credit generally;

    (C)          except as otherwise
        agreed by the Administrative Agent and such Issuing Bank, such Letter of Credit is in an initial stated amount less than the Dollar Equivalent of $100,000;

    (D)          except as otherwise
        agreed by the Administrative Agent and such Issuing Bank, such Letter of Credit is to be denominated in a currency other than U.S. Dollars or an Alternative Currency; or

    
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    (E)          such Issuing Bank does not as of
        the issuance date of such requested Letter of Credit issue Letters of Credit in the requested currency.

    (b)          Notice of Issuance, Amendment,
          Renewal, Extension; Certain Conditions.  To request the issuance of a Letter of Credit, the Lead Borrower shall deliver to the applicable Issuing Bank and the Administrative Agent, at least three Business Days in advance of the requested date
        of issuance (or such shorter period as is acceptable to the applicable Issuing Bank), a request to issue a Letter of Credit, which shall specify that it is being issued under this Agreement, in the form of Exhibit K attached hereto.  To
        request an amendment, extension or renewal of an outstanding Letter of Credit, (other than any automatic extension of a Letter of Credit permitted under Section 2.05(c)) the Lead Borrower shall submit such a request to the applicable
        Issuing Bank (with a copy to the Administrative Agent) at least three Business Days in advance of the requested date of amendment, extension or renewal (or such shorter period as is acceptable to the applicable Issuing Bank), identifying the Letter
        of Credit to be amended, extended or renewed, and specifying the proposed date (which shall be a Business Day) and other details of the amendment, extension or renewal.  Requests for the issuance, amendment, extension or renewal of any Letter of
        Credit must be accompanied by such other information (including information as required by regulatory authorities under applicable “know your customer” rules and regulations) as shall be necessary to issue, amend, extend or renew such Letter of
        Credit.  If requested by the applicable Issuing Bank, the Lead Borrower also shall submit a letter of credit application on such Issuing Bank’s standard form in connection with any request for a Letter of Credit.  In the event of any inconsistency
        between the terms and conditions of this Agreement and the terms and conditions of any form of letter of credit application or other agreement submitted by the Lead Borrower to, or entered into by the Lead Borrower with, the applicable Issuing Bank
        relating to any Letter of Credit, the terms and conditions of this Agreement shall control.  No Letter of Credit, letter of credit application or other document entered into by the Lead Borrower with the applicable Issuing Bank relating to any
        Letter of Credit shall contain any representations or warranties, covenants or events of default not set forth in this Agreement (and to the extent inconsistent herewith shall be rendered null and void), and all representations and warranties,
        covenants and events of default set forth therein shall contain standards, qualifications, thresholds and exceptions for materiality or otherwise consistent with those set forth in this Agreement (and, to the extent inconsistent herewith, shall be
        deemed to automatically incorporate the applicable standards, qualifications, thresholds and exceptions set forth herein without action by any Person).  A Dollar Letter of Credit may be issued, amended, extended or renewed only if (and on the
        issuance, amendment, extension or renewal of each Letter of Credit the Lead Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, extension, or renewal, (i) the Dollar LC Exposure does not exceed
        the Dollar Letter of Credit Sublimit, (ii) the sum of (x) the aggregate outstanding principal amount of all Dollar Revolving Loans made under the Dollar Revolving Facility plus (y) the aggregate amount of
        all Dollar LC Obligations under the Dollar Revolving Facility would not exceed the Total Dollar Revolving Credit Commitment and (iii) the sum of (x) the aggregate outstanding principal amount of all Dollar Revolving Loans of any Dollar Revolving
        Lender made under the Dollar Revolving Facility plus (y) the Dollar Revolving Applicable Percentage of the Dollar LC Obligations of any Dollar Revolving Lender under the Dollar Revolving Facility would not exceed such Dollar Revolving Lender’s
        Dollar Revolving Credit Commitments.  A Multicurrency Letter of Credit may be issued, amended, extended or renewed only if (and on the issuance, amendment, extension or renewal of each Letter of Credit the Lead Borrower shall be deemed to represent
        and warrant that), after giving effect to such issuance, amendment, extension, or renewal, (i) the Multicurrency LC Exposure does not exceed the Multicurrency Letter of Credit Sublimit, (ii) the sum of (x) the Dollar Equivalent of the aggregate
        outstanding principal amount of all Multicurrency Revolving Loans plus (y) the aggregate amount of all Multicurrency LC Obligations would not exceed the Total Multicurrency Revolving Credit Commitment and
        (iii) the sum of (x) the Dollar Equivalent of the aggregate outstanding principal amount of all Multicurrency Revolving Loans of any Multicurrency Revolving Lender made under the Multicurrency Revolving Facility plus (y) the Multicurrency Revolving
        Applicable Percentage of the Multicurrency LC Obligations of any Multicurrency Revolving Lender under the Multicurrency Revolving Facility would not exceed such Multicurrency Revolving Lender’s Multicurrency Revolving Credit Commitments.  Promptly
        after the delivery of any Letter of Credit or any amendment to a Letter of Credit to an advising bank with respect thereto or to the beneficiary thereof, the applicable Issuing Bank will also deliver to the Lead Borrower and the Administrative
        Agent a true and complete copy of such Letter of Credit or amendment.  Notwithstanding anything to the contrary contained herein, there shall be no extensions or renewals of the Existing Letters of Credit, which shall expire in accordance with the
        terms thereof as in effect on the Closing Date.

    (c)          Expiration Date.

    
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    (i)          No Letter of Credit shall
        expire later than the earlier of (A) the date that is one year after the date of the issuance of such Letter of Credit and (B) the date that is five Business Days prior to the Revolving Credit Maturity Date; provided

        that any Standby Letter of Credit may provide for the automatic extension thereof for any number of additional periods each of up to one year in duration (none of which, in any event, shall extend beyond the date referred to in the preceding
        clause (B) unless 100% of the then-available face amount thereof is Cash collateralized or backstopped on or before the date that such Letter of Credit is extended beyond the date referred to in clause (B) above pursuant to
        arrangements reasonably satisfactory to the relevant Issuing Bank.

    (ii)          No Commercial Letter
        of Credit shall expire later than the earlier to occur of (A) 180 days after the issuance thereof (or in each case such longer period as may be agreed by the relevant Issuing Bank and the applicable Borrower) and (B) the date that is five Business
        Days prior to the Revolving Credit Maturity Date.

    (d)          Participations.

    (i)          By the issuance of a
        Dollar Letter of Credit (or an amendment to a Dollar Letter of Credit increasing the amount thereof) and without any further action on the part of the applicable Issuing Bank or the Dollar Revolving Lenders, the applicable Issuing Bank hereby
        grants to each Dollar Revolving Lender, and each Dollar Revolving Lender hereby acquires from such Issuing Bank, a participation in such Dollar Letter of Credit equal to such Dollar Revolving Lender’s Dollar Revolving Applicable Percentage of the
        aggregate amount available to be drawn under such Dollar Letter of Credit.  In consideration and in furtherance of the foregoing, each Dollar Revolving Lender hereby absolutely and unconditionally agrees to pay to the Administrative Agent, for the
        account of the applicable Issuing Bank, such Dollar Revolving Lender’s Dollar Revolving Applicable Percentage of each Dollar LC Disbursement made by such Issuing Bank and not reimbursed by the Lead Borrower on the date due as provided in paragraph (e)
        of this Section 2.05, or of any reimbursement payment required to be refunded to the applicable Borrower for any reason.  Each Dollar Revolving Lender acknowledges and agrees that its obligation to acquire participations pursuant to this
        paragraph in respect of Dollar Letters of Credit is absolute and unconditional and shall not be affected by any circumstance whatsoever, including any amendment, renewal or extension of any Dollar Letter of Credit or the occurrence and continuance
        of a Default or Event of Default or reduction or termination of the Dollar Revolving Credit Commitments, and that each such payment shall be made without any offset, abatement, withholding or reduction whatsoever.

    (ii)          By the issuance of a
        Multicurrency Letter of Credit (or an amendment to a Multicurrency Letter of Credit increasing the amount thereof) and without any further action on the part of the applicable Issuing Bank or the Multicurrency Revolving Lenders, the applicable
        Issuing Bank hereby grants to each Multicurrency Revolving Lender, and each Multicurrency Revolving Lender hereby acquires from such Issuing Bank, a participation in such Multicurrency Letter of Credit equal to such Multicurrency Revolving Lender’s
        Multicurrency Revolving Applicable Percentage of the Dollar Equivalent of the aggregate amount available to be drawn under such Multicurrency Letter of Credit.  In consideration and in furtherance of the foregoing, each Multicurrency Revolving
        Lender hereby absolutely and unconditionally agrees to pay to the Administrative Agent, for the account of the applicable Issuing Bank, such Multicurrency Revolving Lender’s Multicurrency Revolving Applicable Percentage of each Multicurrency LC
        Disbursement made by such Issuing Bank and not reimbursed by the applicable Borrower on the date due as provided in paragraph (e) of this Section 2.05, or of any reimbursement payment required to be refunded to the applicable
        Borrower for any reason.  Each Multicurrency Revolving Lender acknowledges and agrees that its obligation to acquire participations pursuant to this paragraph in respect of Multicurrency Letters of Credit is absolute and unconditional and shall not
        be affected by any circumstance whatsoever, including any amendment, renewal or extension of any Multicurrency Letter of Credit or the occurrence and continuance of a Default or Event of

    
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    Default or reduction or termination of the Revolving Credit Commitments, and that each such payment shall be made without any offset,
      abatement, withholding or reduction whatsoever.

    (e)          Reimbursement.

    (i)          (A)         If the
        applicable Issuing Bank makes any Dollar LC Disbursement in respect of a Dollar Letter of Credit, the Lead Borrower shall reimburse such Dollar LC Disbursement by paying to the Administrative Agent an amount equal to such Dollar LC Disbursement not
        later than 1:00 p.m. on the Business Day immediately following the date on which the Lead Borrower receives notice under paragraph (g) of this Section 2.05 of such Dollar LC Disbursement (or, in the case of Dollar Letters of Credit,
        if such notice is received less than two hours prior to the deadline for requesting ABR Revolving Borrowings pursuant to Section 2.03, on the second Business Day immediately following the date on which the Lead Borrower receives such
        notice); provided that the Lead Borrower may, subject to the conditions to borrowing set forth herein, request in accordance with Section 2.03 that such payment, in the case of Dollar Letters of
        Credit, be financed with an ABR Revolving Borrowing in an equivalent amount and, to the extent so financed, the Lead Borrower’s obligation to make such payment shall be discharged and replaced by the resulting ABR Revolving Borrowing.  If the Lead
        Borrower fails to make such payment or otherwise reimburse such Dollar LC Disbursement when due, the Administrative Agent shall notify each Dollar Revolving Lender of the applicable Dollar LC Disbursement, the payment then due from the Lead
        Borrower in respect thereof and such Dollar Revolving Lender’s Dollar Revolving Applicable Percentage thereof.  Promptly following receipt of such notice, each Dollar Revolving Lender shall pay to the Administrative Agent its Dollar Revolving
        Applicable Percentage of the payment then due from the Lead Borrower, in the same manner as provided in Section 2.07 with respect to Loans made by such Dollar Revolving Lender (and Section 2.07 shall apply, mutatis mutandis, to the payment obligations of the Revolving Lenders), and the Administrative Agent shall promptly pay to the applicable Issuing Bank the amounts so received by it from the Dollar Revolving Lenders.  Promptly
        following receipt by the Administrative Agent of any payment from the Lead Borrower pursuant to this paragraph, the Administrative Agent shall distribute such payment to the applicable Issuing Bank or, to the extent that Dollar Revolving Lenders
        have made payments pursuant to this paragraph to reimburse such Issuing Bank, then to such Dollar Revolving Lenders and such Issuing Bank as their interests may appear.

    (B)          If the applicable
        Issuing Bank makes any Multicurrency LC Disbursement in respect of a Multicurrency Letter of Credit, the Lead Borrower shall reimburse such Multicurrency LC Disbursement and in the same currency issued unless otherwise agreed by the relevant
        Issuing Bank and the Lead Borrower by paying to the Administrative Agent an amount equal to such Multicurrency LC Disbursement not later than 1:00 p.m. on the Business Day immediately following the date on which the Lead Borrower receives notice
        under paragraph (g) of this Section 2.05 of such Multicurrency LC Disbursement (or, in the case of Multicurrency Letters of Credit denominated in U.S. Dollars or Canadian Dollars, if such notice is received less than two hours prior
        to the deadline for requesting ABR Revolving Borrowings pursuant to Section 2.03, on the second Business Day immediately following the date on which the Lead Borrower receives such notice); provided that

        the Lead Borrower may, subject to the conditions to borrowing set forth herein, request in accordance with Section 2.03 that such payment, in the case of Multicurrency Letters of Credit denominated in U.S. Dollars or Canadian Dollars, be
        financed with an ABR Revolving Borrowing in an equivalent amount and, to the extent so financed, the Lead Borrower’s obligation to make such payment shall be discharged and replaced by the resulting ABR Revolving Borrowing.  If the Lead Borrower
        fails to make such payment or otherwise reimburse such Multicurrency LC Disbursement when due, the Administrative Agent shall notify each Multicurrency Revolving Lender of the applicable Multicurrency LC Disbursement, the payment then due from the
        Lead Borrower in respect thereof and such Revolving Lender’s Multicurrency Revolving Applicable Percentage of (x) in the case of a Letter of Credit denominated in U.S. Dollars, such amount in U.S. Dollars, (y) in the case of a Letter of Credit
        denominated in Canadian Dollars, Euros or Pounds Sterling, such amount in Canadian Dollars, Euros or Pounds Sterling and (z) in the case of a Letter of Credit denominated

    
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    in any Alternative Currency (other than Canadian Dollars, Euros or Pounds Sterling) either (1) such amount in the Alternative Currency
      or (2) if such Revolving Lender has not agreed to make or cannot make Loans available in such Alternative Currency, the Dollar Equivalent of such amount in U.S. Dollars plus an additional amount equal to the amount required to convert U.S. Dollars
      into the currency of the unreimbursed Multicurrency LC Disbursement (and the Lead Borrower shall, in the event that the circumstances in clause (2) apply in respect of any Letter of Credit denominated in an Alternative Currency other than
      Canadian Dollars, Euros or Pounds Sterling, reimburse the applicable Revolving Lender(s) for such additional amount equal to the amount required to convert U.S. Dollars received into the currency of the unreimbursed Multicurrency LC Disbursement). 
      Promptly following receipt of such notice, each Multicurrency Revolving Lender shall pay to the Administrative Agent its Multicurrency Revolving Applicable Percentage of such payment then due from the Lead Borrower (including, if the circumstances in
      clause (2) apply, the applicable additional amount), in the same manner as provided in Section 2.07 with respect to Loans made by such Multicurrency Revolving Lender in the applicable currency (and Section 2.07 shall apply, mutatis mutandis, to the payment obligations of the Multicurrency Revolving Lenders), and the Administrative Agent shall promptly pay to the applicable Issuing Bank the amounts so received by it from the
      Multicurrency Revolving Lenders.  Promptly following receipt by the Administrative Agent of any payment from the Lead Borrower pursuant to this paragraph, the Administrative Agent shall distribute such payment to the applicable Issuing Bank or, to
      the extent that Multicurrency Revolving Lenders have made payments pursuant to this paragraph to reimburse such Issuing Bank, then to such Multicurrency Revolving Lenders and such Issuing Bank as their interests may appear.

    (ii)          If any Revolving
        Lender fails to make available to the Administrative Agent for the account of the applicable Issuing Bank any amount required to be paid by such Revolving Lender pursuant to the foregoing provisions of this Section 2.05(e) by the time
        specified therein, such Issuing Bank shall be entitled to recover from such Revolving Lender (acting through the Administrative Agent), on demand, such amount with interest thereon for the period from the date such payment is required to the date
        on which such payment is immediately available to such Issuing Bank at a rate per annum equal to the greater of the Overnight Rate from time to time in effect and a rate determined by the Administrative Agent in accordance with banking industry
        rules on interbank compensation.  A certificate of the applicable Issuing Bank submitted to any Revolving Lender (through the Administrative Agent) with respect to any amounts owing under this clause (ii) shall be conclusive absent manifest
        error.

    (f)          Obligations Absolute.  The Lead
        Borrower’s obligation to reimburse LC Disbursements as provided in paragraph (e) of this Section 2.05 shall be absolute, unconditional and irrevocable, and shall be performed strictly in accordance with the terms of this Agreement
        under any and all circumstances whatsoever and irrespective of (i) any lack of validity or enforceability of any Letter of Credit or this Agreement, or any term or provision therein, (ii) any draft or other document presented under any Letter of
        Credit proving to be forged, fraudulent or invalid in any respect or any statement therein being untrue or inaccurate in any respect, (iii) payment by the applicable Issuing Bank under any Letter of Credit against presentation of a draft or other
        document that does not comply with the terms of such Letter of Credit or (iv) any other event or circumstance whatsoever, whether or not similar to any of the foregoing, that might, but for the provisions of this Section 2.05, constitute a
        legal or equitable discharge of, or provide a right of setoff against, the Lead Borrower’s obligations hereunder.  Neither the Administrative Agent, the Revolving Lenders nor any Issuing Bank, nor any of their Related Parties, shall 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 other communication under or relating to 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 such Issuing Bank; provided that the foregoing shall not be construed to excuse such Issuing Bank
        from liability to the Lead Borrower to the extent of any direct damages (as opposed to consequential damages, claims in respect of which are hereby waived by the Lead Borrower to the extent permitted by applicable law) suffered by the Borrower that
        are caused by such Issuing Bank’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

    
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    expressly agree that, in the absence of gross negligence, bad faith or willful misconduct on the part of applicable Issuing Bank (as finally determined
      by a court of competent jurisdiction), such Issuing Bank 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 applicable Issuing Bank 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.

    (g)          Disbursement Procedures.  The
        applicable Issuing Bank shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Dollar Letter of Credit or a Multicurrency Letter of Credit.  Such Issuing Bank shall promptly notify
        the Administrative Agent and the Lead Borrower in writing or by telephone (promptly confirmed in writing) of such demand for payment and whether such Issuing Bank has made or will make a Dollar LC Disbursement or Multicurrency LC Disbursement, as
        applicable, thereunder; provided that no failure to give or delay in giving such notice shall relieve the Lead Borrower of its obligation to reimburse (x) such Issuing Bank and the Dollar Revolving Lenders
        with respect to any such Dollar LC Disbursement or (y) such Issuing Bank and the Multicurrency Revolving Lenders with respect to any such Multicurrency LC Disbursement, as applicable.

    (h)          Interim Interest.

    (i)          If any Issuing Bank
        makes any Dollar LC Disbursement, then, unless the Lead Borrower reimburses such Dollar LC Disbursement in full on the date such Dollar LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date
        such Dollar LC Disbursement is made to but excluding the date that the Lead Borrower reimburses such Dollar LC Disbursement, at the rate per annum that would apply to such amount if such amount were a Revolving ABR Loan; provided that if the Lead Borrower fails to reimburse such Dollar LC Disbursement when due pursuant to paragraph (e) of this Section 2.05, then Section 2.13(f) shall apply.  Interest accrued pursuant to
        this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Dollar Revolving Lender pursuant to paragraph (e) of this Section 2.05 to reimburse such
        Issuing Bank shall be for the account of such Dollar Revolving Lender to the extent of such payment and shall be payable on the date on which the Lead Borrower is required to reimburse the applicable Dollar LC Disbursement in full (and, thereafter,
        on demand).

    (ii)          If any Issuing Bank
        makes any Multicurrency LC Disbursement, then, unless the Lead Borrower reimburses such Multicurrency LC Disbursement in full on the date such Multicurrency LC Disbursement is made, the unpaid amount thereof plus, in respect of any Letter of Credit
        denominated in an Alternative Currency other than Canadian Dollars, Euros or Pounds Sterling, an additional amount equal to the amount required to convert U.S. Dollars received into the currency of the unreimbursed Multicurrency LC Disbursement,
        shall bear interest, for each day from and including the date such Multicurrency LC Disbursement is made to but excluding the date that the Lead Borrower reimburses such Multicurrency LC Disbursement, at the rate per annum that would apply to such
        amount if such amount were a Revolving ABR Loan; provided that if the Lead Borrower fails to reimburse such Multicurrency LC Disbursement when due pursuant to paragraph (e) of this Section 2.05,
        then Section 2.13(f) shall apply.  Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Multicurrency Revolving Lender
        pursuant to paragraph (e) of this Section 2.05 to reimburse such Issuing Bank shall be for the account of such Multicurrency Revolving Lender to the extent of such payment and shall be payable on the date on which the Lead Borrower
        is required to reimburse the applicable Multicurrency LC Disbursement in full (and, thereafter, on demand),

    (i)          Replacement or Resignation of an
          Issuing Bank or Addition of New Issuing Banks.

    
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    (i)          Any Issuing Bank may be
        replaced with the consent of the Administrative Agent (not to be unreasonably withheld or delayed) at any time by written agreement among the Lead Borrower, the Administrative Agent and the successor Issuing Bank.  The Administrative Agent shall
        notify the Revolving Lenders of any such replacement of an Issuing Bank.  At the time any such replacement becomes effective, the Lead Borrower shall pay all unpaid fees accrued for the account of the replaced Issuing Bank pursuant to Section 2.12(b)(ii). 

        From and after the effective date of any such replacement, (i) the successor Issuing Bank shall have all the rights and obligations of the replaced Issuing Bank under this Agreement with respect to Letters of Credit to be issued thereafter and
        (ii) references herein to the term “Issuing Bank” shall be deemed to refer to such successor or to any previous Issuing Bank, or to such successor and all previous Issuing Banks, as the context shall
        require.  After the replacement of any Issuing Bank hereunder, the replaced Issuing Bank shall remain a party hereto and shall continue to have all the rights and obligations of an Issuing Bank under this Agreement with respect to Letters of Credit
        issued by it prior to such replacement, but shall not be required to issue additional Letters of Credit.  The Lead Borrower may, at any time and from time to time with the consent of the Administrative Agent (which consent shall not be unreasonably
        withheld or delayed) and the relevant Revolving Lenders, designate one or more additional Revolving Lenders to act as an issuing bank under the terms of this Agreement.  Any Revolving Lender designated as an issuing bank pursuant to this paragraph (i)
        who agrees in writing to such designation shall be deemed to be an “Issuing Bank” (in addition to being a Revolving Lender) in respect of Letters of Credit issued or to be issued by such Revolving Lender, and, with respect to such Letters of
        Credit, such term shall thereafter apply to the other Issuing Bank and such Revolving Lender.

    (ii)          Notwithstanding
        anything to the contrary contained herein, each Issuing Bank may, upon ten days’ prior written notice to the Lead Borrower, each other Issuing Bank and the Lenders, resign as Issuing Bank, which resignation shall be effective as of the date
        referenced in such notice (but in no event less than ten days after the delivery of such written notice); it being understood that in the event of any such resignation, any Letter of Credit then outstanding shall remain outstanding (irrespective of
        whether any amounts have been drawn at such time).  In the event of any such resignation as an Issuing Bank, the Lead Borrower shall be entitled to appoint any Revolving Lender that accepts such appointment in writing as successor Issuing Bank. 
        Upon the acceptance of any appointment as Issuing Bank hereunder, the successor Issuing Bank shall thereupon succeed to and become vested with all the rights, powers, privileges and duties of the retiring Issuing Bank, and the retiring Issuing Bank
        shall be discharged from its duties and obligations in such capacity hereunder.

    (j)          Cash Collateralization.

    (i)          If any Event of
        Default exists, then on the Business Day that the Lead Borrower receives notice from the Administrative Agent at the direction of the Required Lenders demanding the deposit of Cash collateral pursuant to this paragraph (j), the Lead
        Borrower shall deposit, in an interest-bearing account with the Administrative Agent, in the name of the Administrative Agent and for the benefit of the Revolving Lenders (the “LC Collateral Account”), an
        amount in Cash equal to 101% of the Dollar Equivalent of the LC Exposure as of such date (minus the amount then on deposit in the LC Collateral Account); provided that

        the obligation to deposit such Cash collateral shall become effective immediately, and such deposit shall become immediately due and payable, without demand or other notice of any kind, upon the occurrence of any Event of Default with respect to
        the Lead Borrower described in Section 7.01(f) or (g).

    (i)          Any such deposit
        under clause (i) above shall be held by the Administrative Agent as collateral for the payment and performance of the Secured Obligations in accordance with the provisions of this paragraph (j).  The Administrative Agent shall have
        exclusive dominion and control, including the exclusive right of withdrawal, over such account, and the Lead Borrower hereby grants the Administrative Agent, for the benefit of the Secured Parties, a First Priority security interest in the LC
        Collateral Account.  Interest or profits, if any, on such investments shall accumulate in such account.  Moneys in such account shall be applied by the Administrative

    
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    Agent to reimburse the applicable Issuing Bank for LC Disbursements for which it has not been reimbursed and, to the extent not so
      applied, shall be held for the satisfaction of the reimbursement obligations of the Lead Borrower for the LC Exposure at such time or, if the maturity of the Loans has been accelerated (but subject to the consent of the Required Lenders) be applied
      to satisfy other Secured Obligations.  If the Lead Borrower is required to provide an amount of Cash collateral hereunder as a result of the occurrence of an Event of Default, such amount (together with all interest and other earnings with respect
      thereto, to the extent not applied as aforesaid) shall be returned to the Lead Borrower promptly but in no event later than three Business Days after such Event of Default has been cured or waived.

    Section 2.06          [Reserved].

    Section 2.07          Funding of Borrowings.

    (a)          Except as otherwise agreed by the Lead
        Borrower and the Administrative Agent, each Lender shall make each Loan to be made by it hereunder on the proposed date thereof by wire transfer of immediately available funds by 1:00 p.m. to the account of the Administrative Agent most recently
        designated by it for such purpose by notice to the Lenders in an amount equal to such Lender’s respective Applicable Percentage.  The Administrative Agent will make such Loans available to the Lead Borrower by promptly crediting the amounts so
        received, in like funds, to the Funding Account or as otherwise directed by the Lead Borrower; provided that ABR Revolving Loans made to finance the reimbursement of any LC Disbursement as provided in Section 2.05(e)

        shall be remitted by the Administrative Agent to the applicable Issuing Bank.

    (b)          Unless the Administrative Agent has
        received notice from any Lender prior to the proposed date of any Borrowing that such Lender will not make available to the Administrative Agent such Lender’s share of such Borrowing, the Administrative Agent may assume that such Lender has made
        such share available on such date in accordance with paragraph (a) of this Section 2.07 and may, in reliance upon such assumption, make available to the Lead Borrower a corresponding amount.  In such event, if any Lender has not in
        fact made its share of the applicable Borrowing available to the Administrative Agent, then the applicable Lender and the Lead Borrower severally agree to pay to the Administrative Agent forthwith on demand (without duplication) such corresponding
        amount with interest thereon, for each day from and including the date such amount is made available to the Lead Borrower to but excluding the date of payment to the Administrative Agent, at (i) in the case of such Lender, the Overnight Rate or
        (ii) in the case of the Lead Borrower, the interest rate applicable to Loans comprising such Borrowing at such time.  If such Lender pays such amount to the Administrative Agent, then such amount shall constitute such Lender’s Loan included in such
        Borrowing and the Lead Borrower’s obligation to repay the Administrative Agent such corresponding amount pursuant to this Section 2.07(b) shall cease.  If the Lead Borrower pays such amount to the Administrative Agent, the amount so paid
        shall constitute a repayment of such Borrowing by such amount.  Nothing herein shall be deemed to relieve any Lender from its obligation to fulfill its Commitment or to prejudice any rights which the Administrative Agent or the Lead Borrower or any
        other Loan Party may have against any Lender as a result of any default by such Lender hereunder.

    Section 2.08          Type; Interest Elections.

    (a)          Each Borrowing initially shall be of the
        Type specified in the applicable Borrowing Request and, in the case of a Eurocurrency Rate Borrowing, shall have an initial Interest Period as specified in such Borrowing Request.  Thereafter, the Lead Borrower may elect to convert any Borrowing to
        a Borrowing of a different Type or to continue such Borrowing and, in the case of a Eurocurrency Rate Borrowing, may elect Interest Periods therefor, all as provided in this Section 2.08.

    The Lead Borrower may elect different options with respect to different portions of the affected Borrowing, in which case each such portion shall be
      allocated ratably among the Lenders based upon their Applicable Percentages and the Loans comprising each such portion shall be considered a separate Borrowing.

    (b)          To make an election pursuant to this Section 2.08,
        the Lead Borrower shall notify the Administrative Agent of such election either in writing (by hand delivery, fax or other electronic transmission (including “.pdf” or “.tif”)) or by telephone by the time that a Borrowing Request would be required
        under

    
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    Section 2.03 if the Lead Borrower were requesting a Borrowing of the Type resulting from such election to be made on the effective date of such
      election.  Each such telephonic Interest Election Request shall be irrevocable and shall be confirmed promptly by hand delivery, fax or other electronic transmission (including “.pdf” or “.tif”) to the Administrative Agent of a written Interest
      Election Request signed by a Responsible Officer of the Lead Borrower.

    (c)          Each telephonic and written Interest
        Election Request shall specify the following information in compliance with Section 2.02:

    (i)          the Borrowing to
        which such Interest Election Request applies and, if different options are being elected with respect to different portions thereof, the portions thereof to be allocated to each resulting Borrowing (in which case the information to be specified
        pursuant to clauses (iii) and (iv) below shall be specified for each resulting Borrowing);

    (ii)          the effective date
        of the election made pursuant to such Interest Election Request, which shall be a Business Day;

    (iii)          whether the
        resulting Borrowing is to be an ABR Borrowing or a Eurocurrency Rate Borrowing; and

    (iv)          if the resulting
        Borrowing is a Eurocurrency Rate Borrowing, the Interest Period to be applicable thereto after giving effect to such election, which shall be a period contemplated by the definition of the term “Interest Period”.

    If any such Interest Election Request requests a Eurocurrency Rate Borrowing but does not specify an Interest Period, then the applicable Borrower shall
      be deemed to have selected an Interest Period of one month’s duration.

    (d)          Promptly following receipt of an
        Interest Election Request, the Administrative Agent shall advise each applicable Lender of the details thereof and of such Lender’s portion of each resulting Borrowing.

    (e)          If the applicable Borrower fails to
        deliver a timely Interest Election Request with respect to a Eurocurrency Rate Borrowing prior to the end of the Interest Period applicable thereto, then, unless such Borrowing is repaid as provided herein, such Borrowing shall be converted at the
        end of such Interest Period to a Eurocurrency Rate Borrowing with an Interest Period of one month.  Notwithstanding any contrary provision hereof, if an Event of Default exists and the Administrative Agent, at the request of the Required Lenders,
        so notifies the Lead Borrower, then, so long as such Event of Default exists (i) no outstanding Borrowing may be converted to or continued as a Eurocurrency Rate Borrowing and (ii) unless repaid, (x) each Eurocurrency Rate Borrowing denominated in
        U.S. Dollars or Canadian Dollars shall be converted to an ABR Borrowing at the end of the then-current Interest Period applicable thereto and (y) each Eurocurrency Rate Borrowing denominated in any other currency shall be continued as a
        Eurocurrency Rate Borrowing with an Interest Period of one month.

    Section 2.09          Termination and Reduction of
          Commitments.

    (a)          Unless previously terminated, the
        Revolving Credit Commitments shall terminate on the Revolving Credit Maturity Date.

    (b)          Upon delivering the notice required by Section 2.09(d),
        the Lead Borrower may at any time terminate the Revolving Credit Commitments upon (i) the payment in full in Cash of all outstanding Revolving Loans, together with accrued and unpaid interest thereon, (ii) the cancellation and return of all
        outstanding Letters of Credit (or alternatively, with respect to each outstanding Letter of Credit, the furnishing to the Administrative Agent of a Cash deposit (or, if reasonably satisfactory to the applicable Issuing Bank, a backup standby letter
        of credit) equal to 100% of the LC Exposure (minus the amount then on deposit in the LC Collateral Account) as of such date), (iii) the payment in full in Cash of all Ancillary Outstandings or,
        alternatively the furnishing to the relevant Ancillary Lender of a Cash deposit equal to 100% of the Ancillary Outstandings as of such date, in each case, together with accrued and unpaid interest, fees and reimbursement expenses in respect thereof
        and (iv) the payment

    
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    in full of all accrued and unpaid fees and all reimbursable expenses and other non-contingent Obligations with respect to the Revolving Facility then
      due, together with accrued and unpaid interest (if any) thereon.

    (c)          Upon delivering the notice required by Section 2.09(d),
        the Lead Borrower may from time to time reduce the Revolving Credit Commitments; provided that (i) each reduction of the Revolving Credit Commitments shall be in an amount that is an integral multiple of
        the Dollar Equivalent of $1,000,000 and not less than the Dollar Equivalent of $1,000,000 and (ii) the Lead Borrower shall not reduce the Revolving Credit Commitments if, after giving effect to any concurrent prepayment of the Revolving Loans in
        accordance with Section 2.10 or Section 2.11, the Aggregate Revolving Credit Exposure would exceed the Total Revolving Credit Commitment.

    (d)          The Lead Borrower shall notify the
        Administrative Agent of any election to terminate or reduce the Revolving Credit Commitments under paragraph (b) or (c) of this Section 2.09 in writing at least three Business Days prior to the effective date of such
        termination or reduction (or such later date to which the Administrative Agent may agree), specifying such election and the effective date thereof.  Promptly following receipt of any notice, the Administrative Agent shall advise the Revolving
        Lenders of the contents thereof.  Each notice delivered by the Lead Borrower pursuant to this Section 2.09 shall be irrevocable; provided that a notice of termination of the Revolving Credit
        Commitments delivered by the Lead Borrower may state that such notice is conditioned upon the effectiveness of other transactions, in which case such notice may be revoked by the Lead Borrower (by notice to the Administrative Agent on or prior to
        the specified effective date) if such condition is not satisfied.  Any termination or reduction of the Revolving Credit Commitments pursuant to this Section 2.09 shall be permanent.  Upon any reduction of the Revolving Credit Commitments,
        the Revolving Credit Commitment of each Revolving Lender shall be reduced by such Revolving Lender’s Applicable Percentage of such reduction amount.

    Section 2.10          Repayment of Loans; Evidence
          of Debt.

    (a)          The Lead Borrower hereby unconditionally
        promises to pay to the Administrative Agent for the account of each Revolving Lender the then unpaid principal amount of each Revolving Loan on the Revolving Credit Maturity Date.  In addition, on the Revolving Credit Maturity Date, the Lead
        Borrower shall (A) cancel and return all outstanding Letters of Credit (or alternatively, with respect to any outstanding Letter of Credit, furnish to the Administrative Agent a Cash deposit (or if reasonably acceptable to the relevant Issuing
        Bank, a backup standby letter of credit) equal to 100% of the LC Exposure (minus the Dollar Equivalent of the amount then on deposit in the LC Collateral Account) as of such date) and (B) make payment in
        full in Cash of all accrued and unpaid fees and all reimbursable expenses and other Obligations with respect to the Revolving Facility then due, together with accrued and unpaid interest (if any) thereon.

    (b)          Each Lender shall maintain in accordance
        with its usual practice an account or accounts evidencing the indebtedness of the Lead Borrower to such Lender resulting from each Loan made by such Lender, including the amounts of principal and interest payable and paid to such Lender from time
        to time hereunder.

    (c)          The Administrative Agent shall maintain
        accounts in which it shall record (i) the amount of each Loan made hereunder, the Class and Type thereof and the Interest Period (if any) applicable thereto, (ii) the amount of any principal or interest due and payable or to become due and payable
        from the Lead Borrower to each Lender hereunder and (iii) the amount of any sum received by the Administrative Agent hereunder for the account of the Lenders and each Lender’s share thereof.

    (d)          The entries made in the accounts
        maintained pursuant to paragraph (c) or (d) of this Section 2.10 shall be prima facie evidence of the existence and amounts of the obligations recorded therein (absent manifest error); provided

        that the failure of any Lender or the Administrative Agent to maintain such accounts or any manifest error therein shall not in any manner affect the obligation of the Lead Borrower to repay the Loans in accordance with the terms of this
        Agreement; provided, further, that in the event of any inconsistency between the accounts maintained by the Administrative Agent pursuant to paragraph (d)
        of this Section 2.10 and any Lender’s records, the accounts of the Administrative Agent shall govern.

    (e)          Any Lender may request that Loans made
        by it be evidenced by a Promissory Note.  In such event, the Lead Borrower shall prepare, execute and deliver to such Lender a Promissory Note payable to such

    
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    Lender and its registered assigns; it being understood and agreed that such Lender (and/or its applicable assign) shall be required to return such
      Promissory Note to the Lead Borrower in accordance with Section 9.05(b)(iii) and upon the occurrence of the Termination Date (or as promptly thereafter as practicable).

    Section 2.11          Prepayment of Loans.

    (a)          Optional Prepayments.

    (i)          [reserved].

    (ii)          Upon prior notice in
        accordance with paragraph (a)(iii) of this Section 2.11, the Lead Borrower shall have the right at any time and from time to time to prepay any Borrowing of Revolving Loans, including any Additional Revolving Loans, in whole or in
        part without premium or penalty (but subject to Section 2.16).  Prepayments made pursuant to this Section 2.11(a)(ii), first, shall be applied to outstanding LC Disbursements and, second, shall be applied ratably to the outstanding
        Revolving Loans, including any Additional Revolving Loans.  Each such prepayment shall be paid to the Revolving Lenders in accordance with their respective Applicable Percentages.

    (iii)          The Lead Borrower
        shall notify the Administrative Agent in writing or by telephone (promptly confirmed in writing) of any prepayment under this Section 2.11(a) (A) in the case of a prepayment of a Eurocurrency Rate Borrowing, not later than 1:00 p.m. three
        Business Days before the date of prepayment or (B) in the case of a prepayment of an ABR Borrowing or a Canadian Base Rate Borrowing, not later than 1:00 p.m. one Business Day before the date of prepayment (or, in the case of clauses (A)
        and (B), such later date to which the Administrative Agent may agree).  Each such notice shall be in the form of Exhibit H hereto and shall be irrevocable and shall specify the prepayment date and the principal amount of each
        Borrowing or portion thereof to be prepaid; provided that a notice of prepayment delivered by the Lead Borrower may state that such notice is conditioned upon the effectiveness of other transactions, in
        which case such notice may be revoked by the Lead Borrower (by notice to the Administrative Agent on or prior to the specified effective date) if such condition is not satisfied.  Promptly following receipt of any such notice relating to any
        Borrowing, the Administrative Agent shall advise the relevant Lenders of the contents thereof.  Each partial prepayment of any Borrowing shall be in an amount at least equal to the amount that would be permitted in the case of an advance of a
        Borrowing of the same Type as provided in Section 2.02(c).  Each prepayment of Loans shall be made in the currency in which such Loans are denominated.

    (b)          Mandatory Prepayments.

    (i)          [reserved].

    (ii)         [reserved].

    (iii)        [reserved].

    (iv)        [reserved];

    (v)        [reserved].

    (vi)        [reserved].

    (vii)      In the event that the
        Aggregate Dollar Revolving Credit Exposure exceeds the Total Dollar Revolving Credit Commitment then in effect, the Lead Borrower shall, within five Business Days of receipt of notice from the Administrative Agent, prepay the Dollar Revolving Loans
        and/or reduce the Dollar LC Exposure in an aggregate amount sufficient to reduce such Aggregate Dollar Revolving Credit Exposure as of the date of such payment to an amount not to

    
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    exceed the Total Dollar Revolving Credit Commitment then in effect by taking any of the following actions as it shall determine at its
      sole discretion:  (A) prepayment of Dollar Revolving Loans or (B) with respect to the excess Dollar LC Exposure, deposit of Cash in the LC Collateral Account or “backstopping” or replacement of the relevant Dollar Letters of Credit, in each case, in
      an amount equal to 100% of such excess Dollar LC Exposure (minus the amount then on deposit in the LC Collateral Account).  In the event that the Aggregate Multicurrency Revolving Credit Exposure exceeds the
      Total Multicurrency Revolving Credit Commitment then in effect, the Lead Borrower shall, within five Business Days of receipt of notice from the Administrative Agent, prepay the Multicurrency Revolving Loans and/or reduce the Multicurrency LC
      Exposure in an aggregate amount sufficient to reduce such Aggregate Multicurrency Revolving Credit Exposure as of the date of such payment to an amount not to exceed the Total Multicurrency Revolving Credit Commitment then in effect by taking any of
      the following actions as it shall determine at its sole discretion:  (A) prepayment of Multicurrency Revolving Loans or (B) with respect to the excess Multicurrency LC Exposure, deposit of Cash in the Multicurrency LC Collateral Account or
      “backstopping” or replacement of the relevant Multicurrency Letters of Credit, in each case, in an amount equal to 100% of such excess Multicurrency LC Exposure (minus the amount then on deposit in the LC
      Collateral Account).

    Section 2.12          Fees.

    (a)          The Lead Borrower agrees to pay to the
        Administrative Agent for the account of each Revolving Lender (other than any Defaulting Lender) a commitment fee, which shall accrue at a rate equal to the applicable Commitment Fee Rate per annum on the average daily amount of the Unused Dollar
        Revolving Credit Commitment and Unused Multicurrency Revolving Credit Commitment of such Revolving Lender during the period from and including the Closing Date to the date on which such Lender’s Revolving Credit Commitments terminate.  Accrued
        commitment fees shall be payable in arrears on the last Business Day of each March, June, September and December for the quarterly period then ended (commencing on September 30, 2020) and on the date on which the Revolving Credit Commitments
        terminate.

    (b)          Subject to Section 2.21, the
        Lead Borrower agrees to pay (i) to the Administrative Agent for the account of each Revolving Lender a participation fee with respect to its participation in each Letter of Credit, which shall accrue at the Applicable Rate used to determine the
        interest rate applicable to Eurocurrency Revolving Loans denominated in U.S. Dollars or the Dollar Equivalent of the daily face amount of such Lender’s LC Exposure in respect of such Letter of Credit (excluding any portion thereof attributable to
        unreimbursed LC Disbursements), during the period from and including the Closing Date to the later of the date on which such Revolving Lender’s Revolving Credit Commitment terminates and the date on which such Revolving Lender ceases to have any LC
        Exposure in respect of such Letter of Credit and (ii) to each Issuing Bank, for its own account, a fronting fee, in respect of each Letter of Credit issued by such Issuing Bank for the period from the date of issuance of such Letter of Credit to
        the expiration date of such Letter of Credit (or if terminated on an earlier date, to the termination date of such Letter of Credit), computed at a rate equal to 0.125% per annum or such lower rate agreed by such Issuing Bank and the Lead Borrower
        of the Dollar Equivalent of the daily face amount of such Letter of Credit, as well as such Issuing Bank’s standard fees with respect to the issuance, amendment, renewal or extension of any Letter of Credit or processing of drawings thereunder. 
        Participation fees and fronting fees accrued to and including the last Business Day of each March, June, September and December shall be payable in arrears for the quarterly period then ended on the last Business Day of such calendar quarter; provided that all such fees shall be payable on the date on which the Revolving Credit Commitments terminate, and any such fees accruing after the date on which the Revolving Credit Commitments terminate shall
        be payable on demand.  Any other fees payable to any Issuing Bank pursuant to this paragraph shall be payable within 30 days after receipt of a written demand (accompanied by reasonable back-up documentation) therefor.

    (c)          The amount and timing of payments of
        fees in respect of any Ancillary Facility will be agreed by the relevant Ancillary Lender and the Lead Borrower under such Ancillary Facility based on market rates and terms.

    
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    (d)          The Lead Borrower agrees to pay to the
        Administrative Agent, for its own account, the fees in the amounts and at the times separately agreed upon by the Lead Borrower and the Administrative Agent in writing.

    (e)          All fees payable hereunder shall be paid
        on the dates due, in U.S. Dollars and in immediately available funds, to the Administrative Agent (or to the applicable Issuing Bank, in the case of fees payable to it) for distribution, in the case of commitment fees and participation fees, to the
        Revolving Lenders.  Fees paid shall not be refundable under any circumstances.  Fees payable hereunder shall accrue through and including the last day of the month immediately preceding the applicable fee payment date.

    (f)          Unless otherwise indicated herein, all
        computations of fees shall be made on the basis of a 360-day year and shall be payable for the actual days elapsed (including the first day but excluding the last day).  Each determination by the Administrative Agent of a fee hereunder shall be
        conclusive and binding for all purposes, absent manifest error.

    Section 2.13          Interest.

    (a)          The Revolving Loans denominated in
        U.S. Dollars comprising each ABR Borrowing shall bear interest at the Alternate Base Rate plus the Applicable Rate.

    (b)          The Revolving Loans denominated in
        U.S. Dollars or any Alternative Currency (other than Canadian Dollars or Euros) comprising each LIBO Rate Borrowing shall bear interest at the LIBO Rate for the Interest Period in effect for such Borrowing plus the

        Applicable Rate.

    (c)          The Revolving Loans denominated in Euros
        shall bear interest at the LIBO Rate plus the Applicable Rate.

    (d)          The Revolving Loans denominated in
        Canadian Dollars comprising each Canadian Base Rate Borrowing shall bear interest at the Canadian Base Rate plus the Applicable Rate.

    (e)          The Revolving Loans denominated in
        Canadian Dollars comprising Canadian BA Rate Borrowing shall bear interest at the BA Rate plus the Applicable Rate.

    (f)          Notwithstanding the foregoing and
        subject to Section 2.21, if any principal of or interest on any Revolving Loan or Additional Loan, any LC Disbursement or any fee payable by the Lead Borrower hereunder is not, in each case, paid or reimbursed when due, whether at stated
        maturity, upon acceleration or otherwise, the relevant overdue amount shall bear interest, to the fullest extent permitted by law, after as well as before judgment, at a rate per annum equal to (i) in the case of overdue principal of any Revolving
        Loan, Additional Loan, 2.00% plus the Eurocurrency Rate otherwise applicable to such Revolving Loan or Additional Loan as provided in the preceding paragraphs of this Section 2.13, Section 2.05(h)
        or in the amendment to this Agreement relating thereto or (ii) in the case of any other amount, 2.00% plus the rate applicable to Revolving Loans denominated in U.S. Dollars that are ABR Loans as provided
        in paragraph (a) of this Section 2.13; provided that no amount shall accrue pursuant to this Section 2.13(f) on any overdue amount, reimbursement obligation in respect of any LC
        Disbursement or other amount payable to a Defaulting Lender so long as such Lender is a Defaulting Lender.

    (g)          Accrued interest on each Revolving Loan
        or Additional Loan shall be payable in arrears on each Interest Payment Date for such Revolving Loan or Additional Loan and on the Maturity Date or upon the termination of the Revolving Credit Commitments or any Additional Commitments, as
        applicable; provided that (i) interest accrued pursuant to paragraph (f) of this Section 2.13 shall be payable on demand, (ii) in the event of any repayment or prepayment of any Revolving
        Loan or Additional Loan (other than a prepayment of an ABR Revolving Loan prior to the termination of the relevant revolving commitments), accrued interest on the principal amount repaid or prepaid shall be payable on the date of such repayment or
        prepayment and (iii) in the event of any conversion of any Eurocurrency Rate Loan prior to the end of the current Interest Period therefor, accrued interest on such Revolving Loan or Additional Loan shall be payable on the effective date of such
        conversion.

    
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    (h)          All interest hereunder shall be computed
        on the basis of a year of 360 days, except that interest computed for ABR Loans denominated in U.S. Dollars based on the Prime Rate and/or Canadian Base Rate Loans based on the prime rate for Canadian Dollar Loans specified in paragraph (x) of the
        definition thereof and/or Eurocurrency Rate Loans denominated in Pounds Sterling shall be computed on the basis of a year of 365 days (or 366 days in a leap year), and in each case shall be payable for the actual number of days elapsed (including
        the first day but excluding the last day).  The applicable Alternate Base Rate, Canadian Base Rate or Eurocurrency Rate shall be determined by the Administrative Agent, and such determination shall be conclusive absent manifest error.  Interest
        shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid; provided that any Loan that
        is repaid on the same day on which it is made shall bear interest for one day; provided, further that, in the case of any Alternate Base Rate Loan, and/or Canadian
        Base Rate Loan, interest shall accrue through and including the last day of the month preceding the applicable Interest Payment Date.

    (i)           For purposes of the Interest Act (Canada), (i) whenever any interest or fee under this Agreement or in any other Loan Document and payable by the Lead Borrower with respect to Loans denominated in Canadian Dollars is calculated
        using a rate based on a year of 360 days, 365 days or 366 days, as the case may be, the rate determined pursuant to such calculation, when expressed as an annual rate, is equivalent to (x) the applicable rate based on a year of 360 days, 365 days
        or 366 days, as the case may be, (y) multiplied by the actual number of days in the calendar year in which the period for which such interest or fee is payable (or compounded) ends, and (z) divided by 360, 365 or 366, as the case may be, (ii) the
        principle of deemed reinvestment of interest does not apply to any interest calculation under this Agreement, and (iii) the rates of interest stipulated in this Agreement are intended to be nominal rates and not effective rates or yields.

    (j)           The rate and time of payment of
        interest with respect to any Ancillary Facility shall be determined by agreement between the relevant Ancillary Lender and the relevant Revolving Facility Borrower under such Ancillary Facility based on normal market rates and terms.

    (k)          Each Borrower
        acknowledges that there is a material distinction between the nominal and effective rates of interest and that it is capable of making the calculations necessary to compare such rates and that the calculations herein are to be made using the
        nominal rate method and not the basis of effective yearly rates of or any basis that gives effect to the principle of deemed reinvestment of interest. Each Borrower confirms that it fully understands and is able to calculate the rate of interest
        applicable to the Advances based on the methodology for calculating annual rates provided for in this Agreement.  Each Borrower hereby irrevocably agrees not to plead or assert, whether by way of defence or otherwise, in any proceeding relating to
        this Agreement or any other Loan Document, that the interest payable under this Agreement and the calculation thereof has not been adequately disclosed to each Borrower as required pursuant to Section 4 of the Interest

          Act (Canada). The Administrative Agent agrees that if requested in writing by the Lead Borrower it shall calculate the nominal and effective per annum rate of interest on any Advance outstanding at any time and provide such information to
        the Lead Borrower promptly following such request; provided that any error in any such calculation, or any failure to provide such information on request, shall not relieve any Borrower of any of its obligations under this Agreement or any other
        Loan Document, nor result in any liability to the Administrative Agent.

    (l)          Any provision of
        this Agreement that would oblige a Loan Party incorporated or otherwise organized under the laws of Canada or any province or territory thereof to pay any fine, penalty or rate of interest on any arrears of principal or interest secured by a
        mortgage on real property or hypothec on immovables that has the effect of increasing the charge on arrears beyond the rate of interest payable on principal money not in arrears shall not apply to such Loan Party, which shall be required to pay
        interest on money in arrears at the same rate of interest payable on principal money not in arrears.

    (m)          If any provision of
        this Agreement would oblige a Loan Party incorporated or otherwise organized under the laws of Canada or any province or territory thereof to make any payment of interest or other amount payable to any Secured Party in an amount or calculated at a
        rate which would be prohibited by any Applicable Law or would result in a receipt by that Secured Party of “interest” at a “criminal rate” (as such terms are construed under the Criminal Code (Canada)),
        then, notwithstanding such provision, such amount or rate shall be deemed to have been adjusted with retroactive effect to the maximum amount or rate of interest, as the case may be, as would

    
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    not be so prohibited by applicable law or so result in a receipt by that Secured Party of “interest” at a “criminal rate”, such adjustment to be
      effected, to the extent necessary (but only to the extent necessary), as follows:

    (i)          first,

        by reducing the amount or rate of interest required to be paid to the affected Secured Party; and

    (ii)          thereafter,

        by reducing any fees, commissions, costs, expenses, premiums and other amounts required to be paid to the affected Secured Party which would constitute interest for purposes of section 347 of the Criminal Code
        (Canada).

    Section 2.14          Alternate Rate of Interest.

    (a)          If at least two Business Days prior to
        the commencement of any Interest Period for a Eurocurrency Rate Borrowing (other than with respect to the BA Rate):

    (i)          the Administrative
        Agent determines (which determination shall be conclusive absent manifest error) that adequate and reasonable means do not exist for ascertaining the LIBO Rate for such Interest Period; or

    (ii)          the Administrative
        Agent is advised by the Required Lenders that the LIBO Rate or for such Interest Period will not adequately and fairly reflect the cost to such Lenders of making or maintaining their Loans included in such Borrowing for such Interest Period;

    then the Administrative Agent shall promptly give notice thereof to the Lead Borrower and the Lenders by telephone or facsimile or other electronic
      transmission as promptly as practicable thereafter and, until the Administrative Agent notifies the Lead Borrower and the Lenders that the circumstances giving rise to such notice no longer exist, which the Administrative Agent agrees promptly to do,
      (i) any Interest Election Request that requests the conversion of any Borrowing to, or continuation of any Borrowing as a Eurocurrency Rate Borrowing shall be ineffective and such Borrowing shall (x) if denominated in U.S. Dollars or Canadian
      Dollars, be converted to an ABR Borrowing on the last day of the Interest Period applicable thereto or (y) if denominated in any other currency, be converted into a Daily Rate Borrowing on the last day of the Interest Period applicable thereto, and
      (ii) if any Borrowing Request requests a Eurocurrency Rate Borrowing, such Borrowing shall (x) if denominated in U.S. Dollars or Canadian Dollars, be made as an ABR Borrowing or a Canadian Base Rate Borrowing, as applicable or (y) if denominated in
      any other currency, be made as a Daily Rate Borrowing.

    (b)          If the Administrative Agent determines
        (which determination shall be conclusive absent manifest error), or the Lead Borrower or the Required Lenders notify the Administrative Agent that the Lead Borrower or Required Lenders (as applicable) have determined that:

    (i)          adequate and
        reasonable means do not exist for ascertaining CDOR, including because the CDOR Page is not available or published on a current basis for the applicable period and such circumstances are unlikely to be temporary;

    (ii)          the administrator of
        CDOR or a Governmental Authority having jurisdiction has made a public statement identifying a specific date after which the will permanently or indefinitely cease to be made available or permitted to be used for determining the interest rate of
        loans;

    (iii)          a Governmental
        Authority having jurisdiction over the Administrative Agent has made a public statement identifying a specific date after which CDOR shall no longer be permitted to be used for determining the interest rate of loans (each such specific date in
        clause (ii) above and in this clause (iii) a “CDOR Scheduled Unavailability Date”);

    
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    (iv)          syndicated loans
        currently being executed, or that include language similar to that contained in this Section 2.14, are being executed or amended (as applicable) to incorporate or adopt a new benchmark interest rate to replace CDOR;

    then reasonably promptly after such determination by the Administrative Agent or receipt by the Administrative Agent of such notice, as applicable, the
      Administrative Agent and the Lead Borrower may mutually agree upon a successor rate to CDOR, and the Administrative Agent and the Lead Borrower may amend this Agreement to replace CDOR with an alternate benchmark rate (including any mathematical or
      other adjustments to the benchmark (if any) incorporated therein), giving due consideration to any evolving or then existing convention for similar Canadian Dollars denominated syndicated credit facilities for such alternative benchmarks (any such
      proposed rate, a “CDOR Successor Rate”), together with any proposed CDOR Successor Rate conforming changes and any such amendment shall become effective at 5:00 p.m. (Toronto time) on the fifth Business Day
      after the Administrative Agent shall have posted such proposed amendment to all Lenders and the Lead Borrower unless, prior to such time, Lenders comprising the Required Lenders have delivered to the Administrative Agent written notice that such
      Required Lenders do not accept such amendment.

    (c)          If no CDOR Successor Rate has been
        determined and the circumstances under Section 2.14(b)(i) above exist or a CDOR Scheduled Unavailability Date has occurred (as applicable), the Administrative Agent will promptly so notify the Lead Borrower and each Lender. Thereafter, the
        obligation of the Lenders to make or maintain BA Rate Loans, shall be suspended (to the extent of the affected BA Rate Loans, or applicable periods). Upon receipt of such notice, the Lead Borrower may revoke any pending request for an Borrowing of,
        the conversion of any Borrowing to, or continuation of any Borrowing as a BA Rate Loan (to the extent of the affected BA Rate Loans, or applicable periods) or, failing that, will be deemed to have converted such request into a request for an
        Canadian Base Rate Borrowing in the amount specified therein.

    (d)          Notwithstanding anything else herein,
        any definition of the CDOR Successor Rate (exclusive of any margin) shall provide that in no event shall such CDOR Successor Rate be less than 0.75% for the purposes of this Agreement. In addition, CDOR shall not be included or referenced in the
        definition of Canadian Base Rate.

    Section 2.15          Increased Costs.

    (a)          If any Change in Law:

    (i)          imposes, modifies or
        deems applicable any reserve, special deposit or similar requirement against assets of, deposits with or for the account of, or credit extended by, any Lender (except any such reserve requirement reflected in the Eurocurrency Rate) or Issuing Bank,

    (ii)          subjects any Lender
        or Issuing Bank to any Taxes (other than Indemnified Taxes, Other Taxes and Excluded Taxes) on its loans, loan principal, letters of credit, commitments, or other obligations, or its deposits, reserves, other liabilities or capital attributable
        thereto, or

    (iii)          imposes on any
        Lender or Issuing Bank or the London interbank market any other condition affecting this Agreement or Eurocurrency Rate Loans made by any Lender or any Letter of Credit or participation therein,

    and the result of any of the foregoing is to increase the cost to the relevant Lender of making or maintaining any Eurocurrency Rate Loan (or of
      maintaining its obligation to make any such Loan) or to increase the cost to such Lender or Issuing Bank of participating in, issuing or maintaining any Letter of Credit or funding or maintaining any Ancillary Commitment or to reduce the amount of
      any sum received or receivable by such Lender or Issuing Bank hereunder (whether of principal, interest or otherwise) in respect of any Eurocurrency Rate Loan or Letter of Credit in an amount deemed by such Lender or Issuing Bank to be material,
      then, within 30 days after the Lead Borrower’s receipt of the certificate contemplated by paragraph (c) of this Section 2.15, the Lead Borrower will pay to such Lender or Issuing Bank, as applicable, such additional amount or amounts
      as will compensate such Lender or Issuing Bank, as applicable, for such additional costs incurred or reduction suffered; provided that the Lead

    
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    Borrower shall not be liable for such compensation if (x) the relevant Change in Law occurs on a date prior to the date such Lender becomes a party
      hereto, (y) such Lender invokes Section 2.20 or (z) in the case of requests for reimbursement under clause (ii) above resulting from a market disruption, (A) the relevant circumstances are not generally affecting the banking market or
      (B) the applicable request has not been made by Lenders constituting Required Lenders.

    (b)          If any Lender or Issuing Bank determines
        that any Change in Law regarding liquidity or capital requirements has or would have the effect of reducing the rate of return on such Lender’s or Issuing Bank’s capital or on the capital of such Lender’s or Issuing Bank’s holding company, if any,
        as a consequence of this Agreement or the Loans made by, or participations in Letters of Credit held by, such Lender, or the Letters of Credit issued by such Issuing Bank, to a level below that which such Lender or such Issuing Bank or such
        Lender’s or such Issuing Bank’s holding company could have achieved but for such Change in Law other than due to Taxes, which shall be dealt with exclusively pursuant to Section 2.17 (taking into consideration such Lender’s or Issuing
        Bank’s policies and the policies of such Lender’s or such Issuing Bank’s holding company with respect to liquidity and capital adequacy), then within 30 days of receipt by the Lead Borrower of the certificate contemplated by paragraph (c)
        of this Section 2.15 the Lead Borrower will pay to such Lender or such Issuing Bank, as applicable, such additional amount or amounts as will compensate such Lender or such Issuing Bank or such Lender’s or such Issuing Bank’s holding
        company for any such reduction suffered.

    (c)          A certificate of a Lender or an Issuing
        Bank setting forth the amount or amounts necessary to compensate such Lender or Issuing Bank or its holding company, as applicable, as specified in paragraph (a) or (b) of this Section 2.15 and setting forth in reasonable
        detail the manner in which such amount or amounts were determined and certifying that such Lender is generally charging such amounts to similarly situated borrowers shall be delivered to the Lead Borrower and shall be conclusive absent manifest
        error.

    (d)          Failure or delay on the part of any
        Lender or Issuing Bank to demand compensation pursuant to this Section 2.15 shall not constitute a waiver of such Lender’s or Issuing Bank’s right to demand such compensation; provided that the
        Lead Borrower shall not be required to compensate a Lender or an Issuing Bank pursuant to this Section 2.15 for any increased costs or reductions incurred more than 180 days prior to the date that such Lender or Issuing Bank notifies the
        Lead Borrower of the Change in Law giving rise to such increased costs or reductions and of such Lender’s or Issuing Bank’s intention to claim compensation therefor; provided, further, that if the Change in Law giving rise to such increased costs or reductions is retroactive, then the 180-day period referred to above shall be extended to include the period of retroactive effect thereof.

    Section 2.16          Break Funding Payments. 
        In the event of (a) the conversion or prepayment of any principal of any Eurocurrency Rate Loan other than on the last day of an Interest Period applicable thereto (whether voluntary, mandatory, automatic, by reason of acceleration or otherwise),
        (b) the failure to borrow, convert, continue or prepay any Eurocurrency Rate Loan on the date or in the amount specified in any notice delivered pursuant hereto, (c) the assignment of any Eurocurrency Rate Loan of any Lender other than on the last
        day of the Interest Period applicable thereto as a result of a request by the Lead Borrower pursuant to Section 2.19 or (d) analogous loss, cost or expense arising with respect to any Ancillary Facility on the basis of the nature of the
        credit extensions provided for thereunder, then, in any such event, the Lead Borrower shall compensate each Lender for the loss, cost and expense incurred by such Lender that is attributable to such event (other than loss of profit).  In the case
        of a Eurocurrency Rate Loan, the loss, cost or expense of any Lender shall be the amount reasonably determined by such Lender to be the excess, if any, of (i) the amount of interest which would have accrued on the principal amount of such Loan had
        such event not occurred, at the Eurocurrency Rate that would have been applicable to such Loan, for the period from the date of such event to the last day of the then current Interest Period therefor (or, in the case of a failure to borrow, convert
        or continue, for the period that would have been the Interest Period for such Loan), over (ii) the amount of interest which would accrue on such principal amount for such period at the interest rate which such Lender would bid were it to bid, at
        the commencement of such period, for deposits in the applicable currency of a comparable amount and period from other banks in the Eurodollar market; it being understood that such loss, cost or expense shall in any case exclude any interest rate
        floor and all administrative, processing or similar fees.  A certificate of any Lender (i) setting forth any amount or amounts that such Lender is entitled to receive pursuant to this Section 2.16, the basis therefor and, in reasonable
        detail, the manner in which such amount or amounts were determined and (ii) certifying that such Lender is generally charging the relevant amounts to similarly situated borrowers shall be delivered to the Lead Borrower and shall be conclusive
        absent manifest error.  The Lead

    
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    Borrower shall pay such Lender the amount shown as due on any such certificate within 30 days after receipt thereof.

    Section 2.17          Taxes.

    (a)          Any and all payments by or on account of
        any obligation of any Loan Party under any Loan Document shall be made free and clear of and without deduction for any Taxes, except as required by applicable Requirements of Law.  If any applicable Requirement of Law requires the deduction or
        withholding of any Tax from any such payment, then (i) if such Tax is an Indemnified Tax and/or Other Tax, the amount payable by the applicable Loan Party shall be increased as necessary so that after all required deductions and withholdings have
        been made (including deductions and withholdings applicable to additional sums payable under this Section 2.17), each Lender and each Issuing Bank (as applicable), or, in the case of any payment made to the Administrative Agent for its own
        account, the Administrative Agent, receives an amount equal to the sum it would have received had no such deductions or withholdings been made, (ii) the applicable withholding agent shall make such deductions and (iii) the applicable withholding
        agent shall timely pay the full amount deducted to the relevant Governmental Authority in accordance with applicable Requirements of Law.

    (b)          In addition, the Loan Parties shall pay
        any Other Taxes to the relevant Governmental Authority in accordance with applicable Requirements of Law.

    (c)          Each Loan Party shall jointly and
        severally indemnify the Administrative Agent, each Lender and each Issuing Bank within 30 days after written demand therefor, for the full amount of any Indemnified Taxes or Other Taxes payable or paid by the Administrative Agent, such Lender or
        Issuing Bank, as applicable, on or with respect to any payment by or any payment on account of any obligation of any Loan Party hereunder (including Indemnified Taxes or Other Taxes imposed or asserted on or attributable to amounts payable under
        this Section 2.17) and any penalties (other than any penalties attributable to the gross negligence, bad faith or willful misconduct of the Administrative Agent or such Lender or Issuing Bank), interest and, in each case, any reasonable
        expenses arising therefrom or with respect thereto; provided that if such Loan Party reasonably believes that such Taxes were not correctly or legally asserted, the Administrative Agent or such Lender or
        Issuing Bank, as applicable, will use reasonable efforts to cooperate with such Loan Party to obtain a refund of such Taxes (which shall be repaid to such Loan Party in accordance with Section 2.17(g)) so long as such efforts would not, in
        the sole determination of the Administrative Agent or such Lender or Issuing Bank, result in any additional out-of-pocket costs or expenses not reimbursed by such Loan Party or be otherwise materially disadvantageous to the Administrative Agent or
        such Lender or Issuing Bank, as applicable.  In connection with any request for reimbursement under this Section 2.17(c), the relevant Lender, Issuing Bank or the Administrative Agent, as applicable, shall deliver a certificate to the Lead
        Borrower (i) setting forth, in reasonable detail, the basis and calculation of the amount of the relevant payment or liability and (ii) certifying that it is generally charging the relevant amounts to similarly situated borrowers, which certificate
        shall be conclusive absent manifest error.  Notwithstanding anything to the contrary contained in this Section 2.17(c), the Loan Parties shall not be required to indemnify the Administrative Agent or any Lender pursuant to this Section 2.17
        for any Indemnified Taxes or Other Taxes incurred more than 180 days prior to the date that the Administrative Agent or such Lender makes such written demand to the Loan Parties; provided, further, that if such Indemnified Taxes or Other Taxes are imposed retroactively, the 180-day period referred to above shall be extended to include the period of retroactive effect thereof.

    (d)          Each Lender and each Issuing Bank shall
        severally indemnify the Administrative Agent, within 30 days after demand therefor, for (i) any Indemnified Taxes or Other Taxes imposed on or with respect to any payment under any Loan Document that is attributable to such Lender or Issuing Bank
        (but only to the extent that no Loan Party has already indemnified the Administrative Agent for such Indemnified Taxes or Other Taxes and without limiting the obligation of the Loan Parties to do so), (ii) any Taxes attributable to such Lender’s or
        Issuing Bank’s failure to comply with the provisions of Section 9.05(c) relating to the maintenance of a Participant Register and (iii) any Excluded Taxes attributable to such Lender or Issuing Bank, in each 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 or Issuing Bank by the Administrative Agent shall be conclusive absent manifest error.  Each Lender and

    
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    Issuing Bank hereby authorize the Administrative Agent to set off and apply any and all amounts at any time owing to such Lender or Issuing Bank under
      any Loan Document or otherwise payable by the Administrative Agent to any Lender or Issuing Bank under any Loan Document or otherwise payable by the Administrative Agent to any Lender or Issuing Bank from any other source against any amount due to
      the Administrative Agent under this clause (d).

    (e)          As soon as practicable after any payment
        of Indemnified Taxes or Other Taxes by any Loan Party to a Governmental Authority, 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 that is reasonably satisfactory to the Administrative Agent.

    (f)          Status of Lenders.

    (i)          Any Lender that is
        entitled to an exemption from or reduction of any withholding Tax with respect to any payments made under any Loan Document shall deliver to the Lead Borrower and the Administrative Agent, at the time or times reasonably requested by the Lead
        Borrower or the Administrative Agent, such properly completed and executed documentation as the Lead Borrower or the Administrative Agent may reasonably request to permit such payments to be made without withholding or at a reduced rate of
        withholding.  In addition, any Lender, if reasonably requested by the Lead Borrower or the Administrative Agent, shall deliver such other documentation prescribed by applicable Requirements of Law or reasonably requested by the Lead Borrower or the
        Administrative Agent as will enable the Lead 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 2.17(f)(ii)(A), (B) and (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:

    (A)          each Lender that is
        not a Foreign Lender shall deliver to the Lead 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 Lead
        Borrower or the Administrative Agent), two executed original copies of IRS Form W-9 certifying that such Lender is exempt from U.S. federal backup withholding tax;

    (B)          each Foreign Lender
        shall deliver to the Lead 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 Foreign Lender becomes a Lender under this Agreement (and from time to time
        thereafter upon the reasonable request of the Lead Borrower or the Administrative Agent), whichever of the following is applicable:

    (1)          in the case of any
        Foreign Lender claiming the benefits of an income tax treaty to which the U.S. is a party (x) with respect to payments of interest under any Loan Document, executed original copies 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 original
        copies of IRS Form W-8ECI;

    
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    (3)          in the case of any
        Foreign Lender claiming the benefits of the exemption for portfolio interest under Section 871(h) or 881(c) of the Code, (x) a certificate substantially in the form of Exhibit L-1 to the effect that such Foreign Lender is not a “bank”
        within the meaning of Section 881(c)(3)(A) of the Code, a “10 percent shareholder” of the Lead Borrower within the meaning of Section 881(c)(3)(B) of the Code, or a “controlled foreign corporation” described in Section 881(c)(3)(C) of the Code (a “U.S. Tax Compliance Certificate”) and (y) executed original copies of IRS Form W-8BEN or IRS Form W-8BEN-E; or

    (4)          to the extent any
        Foreign Lender is not the beneficial owner, executed original copies 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 L-2 or Exhibit L-3,
        IRS Form W-9, and/or other certification documents from each beneficial owner, as applicable; provided that if such Foreign Lender is a partnership and one or more partners of such Foreign Lender are
        claiming the portfolio interest exemption, such Foreign Lender may provide a U.S. Tax Compliance Certificate substantially in the form of Exhibit L-4 on behalf of each such partner;

    (C)          each Foreign Lender
        shall deliver to the Lead 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 Foreign Lender becomes a Lender under this Agreement (and from time to time
        thereafter upon the reasonable request of the Lead Borrower or the Administrative Agent), executed original copies of any other form prescribed by applicable Requirements of 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 Requirements of Law to permit the Lead Borrower or the Administrative Agent to determine the withholding or deduction required to be
        made; and

    (D)          if a payment made to
        any 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 Lead Borrower and the Administrative Agent at the time or times prescribed by applicable Requirements of Law and at such time or times reasonably requested by the Lead Borrower or the
        Administrative Agent such documentation as is prescribed by applicable Requirements of Law (including as prescribed by Section 1471(b)(3)(C)(i) of the Code) and may be necessary for the Lead Borrower and the Administrative Agent to comply with
        their obligations under FATCA, to determine whether 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.

    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 Lead Borrower and the Administrative Agent in writing of its legal inability to do so.  Notwithstanding anything to the contrary in this Section 2.17(f), no Lender shall be required to provide
      any documentation that such Lender is not legally eligible to deliver.

    (g)          If the Administrative Agent or any
        Lender or Issuing Bank determines, in its sole discretion exercised in good faith, that it has received a refund of any Indemnified Taxes or Other Taxes as to which it has been indemnified by any Loan Party or with respect to which such Loan Party
        has paid additional amounts pursuant to this Section 2.17, it shall pay over such refund to such Loan Party (but only to the extent of indemnity payments made, or additional amounts paid, by such Loan Party under this Section 2.17
        with respect to the Indemnified Taxes or Other Taxes giving rise to such refund), net of all out-of-pocket expenses of the

    
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    Administrative Agent, such Lender or Issuing Bank (including any Taxes imposed with respect to such refund), and without interest (other than any
      interest paid by the relevant Governmental Authority with respect to such refund); provided that such Loan Party, upon the request of the Administrative Agent, such Lender or Issuing Bank, agrees to repay
      the amount paid over to such Loan Party (plus any penalties, interest or other charges imposed by the relevant Governmental Authority) to the Administrative Agent, such Lender or Issuing Bank in the event the
      Administrative Agent, such Lender or Issuing Bank is required to repay such refund to such Governmental Authority.  Notwithstanding anything to the contrary in this paragraph (g), in no event shall the Administrative Agent, any Issuing Bank
      or any Lender be required to pay any amount to a Loan Party pursuant to this paragraph (g) to the extent that the payment thereof would place the Administrative Agent, such Issuing Bank or such Lender in a less favorable net after-Tax position than
      the position that the Administrative Agent, such Issuing Bank or such Lender would have been in if the Tax subject to indemnification 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 2.17 shall not be construed to require the Administrative Agent, any Lender or any Issuing Bank to make available its Tax returns (or any other information relating to its Taxes which it
      deems confidential) to the relevant Loan Party or any other Person.

    (h)          Survival.  Each party’s
        obligations under this Section 2.17 shall survive the resignation or replacement of the Administrative Agent or any assignment of rights by, or the replacement of, any Lender, the termination of the Commitments and the repayment,
        satisfaction or discharge of all obligations under any Loan Document.

    (i)           For the purposes of this Section 2.17,
        the term “Lender” shall include any Ancillary Lender.

    Section 2.18          Payments Generally;
          Allocation of Proceeds; Sharing of Payments.

    (a)          Unless otherwise specified, the Lead
        Borrower shall make each payment required to be made by it hereunder (whether of principal, interest, fees or reimbursement of LC Disbursements or of amounts payable under Section 2.15, 2.16 or 2.17, or otherwise) prior to
        the time expressed hereunder or under such Loan Document (or, if no time is expressly required, by 2:00 p.m.) on the date when due or, with respect to any borrowings and payments in any Alternative Currency, by the Applicable Time, in immediately
        available funds, without set-off (except as otherwise provided in Section 2.17) or counterclaim.  Any amounts received after such time on any date may, in the discretion of the Administrative Agent, be deemed to have been received on the
        next succeeding Business Day for purposes of calculating interest thereon.  All such payments shall be made to the Administrative Agent to the applicable account designated to the Lead Borrower by the Administrative Agent, except payments to be
        made directly to the applicable Issuing Bank as expressly provided herein and except that payments pursuant to Sections 2.15, 2.16 or 2.17 and 9.03 shall be made directly to the Persons entitled thereto.  The
        Administrative Agent shall distribute any such payments received by it for the account of any other Person to the appropriate recipient promptly following receipt thereof.  Each Lender agrees that in computing such Lender’s portion of any Borrowing
        to be made hereunder, the Administrative Agent may, in its discretion, round such Lender’s percentage of such Borrowing to the next higher or lower whole dollar amount.  Except as otherwise expressly provided herein and except with respect to
        principal of and interest on Loans denominated in an Alternative Currency, all payments (including accrued interest) hereunder shall be made in U.S. Dollars.  Except to the extent expressly provided for herein, all payments with respect to
        principal of and interest on Loans in an applicable Alternative Currency shall be made in the applicable Alternative Currency.  Any payment required to be made by the Administrative Agent hereunder shall be deemed to have been made by the time
        required if the Administrative Agent shall, at or before such time, have taken the necessary steps to make such payment in accordance with the regulations or operating procedures of the clearing or settlement system used by the Administrative Agent
        to make such payment.

    (b)          Subject in all respects to the provision
        of any applicable Intercreditor Agreement, all proceeds of Collateral received by the Administrative Agent at any time when an Event of Default exists and all or any portion of the Loans have been accelerated hereunder pursuant to Section 7.01
        shall, upon election by the Administrative Agent or at the direction of the Required Lenders, be applied first, to the payment of all costs and expenses then due incurred by the Administrative Agent in
        connection with any collection, sale or realization on Collateral or otherwise in connection with this Agreement, any other Loan Document or any of the Secured

    
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    Obligations, including all court costs and the fees and expenses of agents and legal counsel, the repayment of all advances made by the Administrative
      Agent hereunder or under any other Loan Document on behalf of any Loan Party and any other costs or expenses incurred in connection with the exercise of any right or remedy hereunder or under any other Loan Document, second, on a pro rata basis, to pay any fees, indemnities or expense reimbursements then due to the Administrative Agent (other than those covered in clause first above) or any Issuing Bank
      from the Lead Borrower constituting Secured Obligations, third, to payment in full of Unfunded Advances/Participations (the amounts so applied to be distributed between or among, as applicable, the
      Administrative Agent and the Issuing Banks pro rata in accordance with the amounts of Unfunded Advances/Participations owed to them on the date of any such distribution), fourth, on a pro rata basis in accordance with the amounts of the Secured Obligations (other than contingent indemnification obligations for which no claim has yet been made) owed to the Secured Parties on the date of any
      such distribution, to the payment in full of the Secured Obligations (including, with respect to LC Exposure, an amount to be paid to the Administrative Agent equal to 100% of the Dollar Equivalent of the LC Exposure (minus the Dollar Equivalent of the amount then on deposit in the LC Collateral Account and any amount applied pursuant to clause “second” above) on such date, to be held in the LC Collateral
      Account as Cash collateral for such Obligations); provided that if any Letter of Credit expires undrawn, then any Cash collateral held to secure the related LC Exposure shall be applied in accordance with
      this Section 2.17(b), beginning with clause “first” above, fifth, as provided for under the First Lien/Second Lien Intercreditor Agreement, and sixth, to, or at the direction of, the Lead Borrower or as a court of competent jurisdiction may otherwise direct.

    (c)          If any Lender obtains payment (whether
        voluntary, involuntary, through the exercise of any right of set-off or otherwise) in respect of any principal of or interest on any of its Loans of any Class or participations in LC Disbursements held by it resulting in such Lender receiving
        payment of a greater proportion of the aggregate amount of its Loans of such Class and participations in LC Disbursements and accrued interest thereon than the proportion received by any other Lender with Loans of such Class and participations in
        LC Disbursements, then the Lender receiving such greater proportion shall purchase (for Cash at face value) participations in the Loans of such Class and sub-participations in LC Disbursements of other Lenders of such Class at such time outstanding
        to the extent necessary so that the benefit of all such payments shall be shared by the Lenders of such Class ratably in accordance with the aggregate amount of principal of and accrued interest on their respective Loans of such Class and
        participations in LC Disbursements; provided that (i) if any such participations are purchased and all or any portion of the payment giving rise thereto is recovered, such participations shall be rescinded
        and the purchase price restored to the extent of such recovery, without interest, and (ii) the provisions of this paragraph shall not apply to (x) any payment made by the Lead Borrower pursuant to and in accordance with the express terms of this
        Agreement or (y) any payment obtained by any Lender as consideration for the assignment of or sale of a participation in any of its Loans to any permitted assignee or participant, including any payment made or deemed made in connection with Sections 2.22,
        2.23 and 9.02(c).  The Lead Borrower consents to the foregoing and agrees, to the extent it may effectively do so under applicable law, that any Lender acquiring a participation pursuant to the foregoing arrangements may exercise
        against the Lead Borrower rights of set-off and counterclaim with respect to such participation as fully as if such Lender were a direct creditor of the Lead Borrower in the amount of such participation.  The Administrative Agent will keep records
        (which shall be conclusive and binding in the absence of manifest error) of participations purchased under this Section 2.18(c) and will, in each case, notify the Lenders following any such purchases or repayments.  Each Lender that
        purchases a participation pursuant to this Section 2.18(c) shall from and after such purchase have the right to give all notices, requests, demands, directions and other communications under this Agreement with respect to the portion of the
        Obligations purchased to the same extent as though the purchasing Lender were the original owner of the Obligations purchased.  Notwithstanding the foregoing, with respect to any payment received by a Lender in its capacity as an Ancillary Lender
        at any time prior to service of notice under Section 7.01 or, if applicable, such time as the remedies provided thereunder automatically come into effect, if, after giving effect to the provisions of Section 7.01, an Ancillary
        Lender is subject to sharing obligations under this Section 2.18, such obligations shall not apply to any payment received by such Ancillary Lender to the extent that such payment is applied to reduce the Gross Outstandings under the
        applicable Ancillary Facility to the net limit on which such Ancillary Facility is provided.

    (d)          Unless the Administrative Agent has
        received notice from the Lead Borrower prior to the date on which any payment is due to the Administrative Agent for the account of any Lender or any Issuing Bank hereunder that the Lead Borrower will not make such payment, the Administrative Agent
        may assume that the Lead Borrower has made such payment on such date in accordance herewith and may, in reliance upon such assumption,

    
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    distribute to the applicable Lender or Issuing Bank the amount due.  In such event, if the Lead Borrower has not in fact made such payment, then each
      Lender or the applicable Issuing Bank severally agrees to repay to the Administrative Agent forthwith on demand the amount so distributed to such Lender or Issuing Bank with interest thereon, for each day from and including the date such amount is
      distributed to it to but excluding the date of payment to the Administrative Agent, at the Overnight Rate.

    (e)          If any Lender fails to make any payment
        required to be made by it pursuant to Section 2.07(b) or Section 2.18(d), then the Administrative Agent may, in its discretion (notwithstanding any contrary provision hereof), apply any amounts thereafter received by the
        Administrative Agent for the account of such Lender to satisfy such Lender’s obligations under such Sections until all such unsatisfied obligations are fully paid.

    Section 2.19          Mitigation Obligations;
          Replacement of Lenders.

    (a)          If any Lender requests compensation
        under Section 2.15 or such Lender determines it can no longer make or maintain Eurocurrency Rate Loans pursuant to Section 2.20, or the Lead Borrower is required to pay any additional amount to any Lender or any Governmental
        Authority for the account of any Lender pursuant to Section 2.17, then such Lender shall use reasonable efforts to designate a different lending office for funding or booking its Loans hereunder or its participation in any Letter of Credit
        affected by such event, or to assign its rights and obligations hereunder to another of its offices, branches or affiliates, if, in the reasonable judgment of such Lender, such designation or assignment (i) would eliminate or reduce amounts payable
        pursuant to Section 2.15 or 2.17, as applicable, in the future or mitigate the impact of Section 2.20, as the case may be, and (ii) would not subject such Lender to any material unreimbursed out-of-pocket cost or expense and
        would not otherwise be disadvantageous to such Lender in any material respect.  The Lead Borrower hereby agrees to pay all reasonable costs and expenses incurred by any Lender in connection with any such designation or assignment.

    (b)          If (i) any Lender requests compensation
        under Section 2.15 or such Lender determines it can no longer make or maintain Eurocurrency Rate Loans pursuant to Section 2.20, (ii) if the Lead Borrower is required to pay any additional amount to any Lender or any Governmental
        Authority for the account of any Lender pursuant to Section 2.17, (iii) if any Lender is a Defaulting Lender, (iv) if in connection with any proposed amendment, waiver or consent requiring the consent of “each Lender”, “each Revolving
        Lender” or “each Lender directly affected thereby” (or any other Class or group of Lenders other than the Required Lenders) with respect to which Required Lender consent (or the consent of Lenders holding loans or commitments of such Class or
        lesser group representing more than 50% of the sum of the total loans and unused commitments of such Class or lesser group at such time) has been obtained or (v) in connection with any Extension Offer set forth in Section 2.23 below, as applicable,
        any Lender is a non-consenting Lender, then the Lead Borrower may, at its sole expense and effort, upon notice to such Lender and the Administrative Agent, (x) terminate the applicable Commitments and/or Additional Commitments of such Lender, and
        repay all Obligations of the Lead Borrower owing to such Lender relating to the applicable Loans and participations held by such Lender as of such termination date (provided that if, after giving effect
        such termination and repayment, the aggregate amount of the Revolving Credit Exposure exceeds the aggregate amount of the Revolving Credit Commitments then in effect, then the Lead Borrower shall, not later than the next Business Day, prepay one or
        more Revolving Borrowings (and, if no Revolving Borrowings are outstanding, deposit Cash collateral in the LC Collateral Account) in an amount necessary to eliminate such excess) or (y) replace such Lender by requiring such Lender to assign and
        delegate (and such Lender shall be obligated to assign and delegate), without recourse (in accordance with and subject to the restrictions contained in Section 9.05), all of its interests, rights and obligations under this Agreement to an
        Eligible Assignee that shall assume such obligations (which Eligible Assignee may be another Lender, if any Lender accepts such assignment); provided that (A) such Lender shall have received payment of an
        amount equal to the outstanding principal amount of its Loans and, if applicable, participations in LC Disbursements, in each case of such Class of Loans, Commitments and/or Additional Commitments, accrued interest thereon, accrued fees and all
        other amounts payable to it under any Loan Document with respect to such Class of Loans, Commitments and/or Additional Commitments, (B) in the case of any assignment resulting from a claim for compensation under Section 2.15 or payments
        required to be made pursuant to Section 2.17, such assignment will result in a reduction in such compensation or payments and (C) such assignment does not conflict with applicable law.  No Lender (other than a Defaulting Lender) shall be
        required to make any such assignment and delegation, and the Lead Borrower may not repay the Obligations of such Lender or terminate its Commitments or Additional Commitments, if, prior thereto, as a result of a waiver by such Lender or

    
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    otherwise, the circumstances entitling the Lead Borrower to require such assignment and delegation cease to apply.  Each Lender agrees that if it is
      replaced pursuant to this Section 2.19, it shall execute and deliver to the Administrative Agent an Assignment and Assumption to evidence such sale and purchase and shall deliver to the Administrative Agent any Promissory Note (if the
      assigning Lender’s Loans are evidenced by one or more Promissory Notes) subject to such Assignment and Assumption (provided that the failure of any Lender replaced pursuant to this Section 2.19 to
      execute an Assignment and Assumption or deliver any such Promissory Note shall not render such sale and purchase (and the corresponding assignment) invalid), such assignment shall be recorded in the Register, any such Promissory Note shall be deemed
      cancelled.  Each Lender hereby irrevocably appoints the Administrative Agent (such appointment being coupled with an interest) as such Lender’s attorney-in-fact, with full authority in the place and stead of such Lender and in the name of such
      Lender, from time to time in the Administrative Agent’s discretion, with prior written notice to such Lender, to take any action and to execute any such Assignment and Assumption or other instrument that the Administrative Agent may deem reasonably
      necessary to carry out the provisions of this clause (b).

    Section 2.20          Illegality.

    (a)          If any Lender reasonably determines that
        any Change in Law has made it unlawful, or that any Governmental Authority has asserted after the Closing Date that it is unlawful, for such Lender or its applicable lending office to make, maintain or fund Loans whose interest is determined by
        reference to any Eurocurrency Rate or to determine or charge interest rates based upon any Eurocurrency Rate, or any Governmental Authority has imposed material restrictions on the authority of such Lender to purchase or sell, or to take deposits
        of U.S. Dollars or any Alternative Currency in the applicable interbank market, then, on notice thereof by such Lender to the Lead Borrower through the Administrative Agent, (i) any obligation of such Lender to make or continue LIBO Rate Loans in
        U.S. Dollars or make or continue BA Rate Loans in Canadian Dollars or to convert ABR Loans to LIBO Rate Loans or to convert Canadian Base Rate Loans to BA Rate Loans shall be suspended, (ii) if such notice asserts the illegality of such Lender
        making or maintaining ABR Loans or Canadian Base Rate Loans the interest rate on which is determined by reference to the Published LIBO Rate component of the Alternate Base Rate or the BA Rate component of the Canadian Base Rate, respectively, the
        interest rate on which ABR Loans or Canadian Base Rate Loans of such Lender, shall, if necessary to avoid such illegality, be determined by the Administrative Agent without reference to the Published LIBO Rate component of the Alternate Base Rate
        or the BA Rate component of the Canadian Base Rate, respectively, in each case until such Lender notifies the Administrative Agent and the Lead Borrower that the circumstances giving rise to such determination no longer exist (which notice such
        Lender agrees to give promptly) and (iii) any obligation of such Lender to make or continue LIBO Rate Loans in an Alternative Currency (other than Canadian Dollars) shall be suspended.

    (b)          Upon receipt of such notice, (i) the
        Lead Borrower shall, upon demand from such Lender (with a copy to the Administrative Agent), prepay or convert all of such Lender’s LIBO Rate Loans denominated in U.S. Dollars and/or BA Rate Loans to ABR Loans or Canadian Base Rate Loans
        respectively either on the last day of the Interest Period therefor, if such Lender may lawfully continue to maintain such Eurocurrency Rate Loans, as applicable to such day, or immediately, if such Lender may not lawfully continue to maintain such
        Eurocurrency Rate Loans (in which case the Lead Borrower shall not be required to make payments pursuant to Section 2.16 in connection with such payment), (ii) if such notice asserts the illegality of such Lender determining or charging
        interest rates based upon the Published LIBO Rate or the BA Rate, the Administrative Agent shall during the period of such suspension compute the Alternate Base Rate or the Canadian Base Rate applicable to such Lender without reference to the
        Published LIBO Rate component or BA Rate component thereof until the Administrative Agent is advised in writing by such Lender that it is no longer illegal for such Lender to determine or charge interest rates based upon the Published LIBO Rate or
        the BA Rate and (iii) such Lender may declare that such LIBO Rate Loans in an Alternative Currency (other than Canadian Dollars) will not thereafter for the duration of such unlawfulness be made by such Lender (or be continued for additional
        Interest Periods) and thereafter (x) any request for any such Eurocurrency Rate Borrowing (or to convert an ABR Borrowing to such a Eurocurrency Rate Borrowing or to continue such a Eurocurrency Rate Borrowing for an additional Interest Period)
        shall, as to such Lender only, be deemed a request for a Daily Rate Loan (or a request to continue a Daily Rate Loan as such or to convert such a Eurocurrency Rate Loan into a Daily Rate Loan, as the case may be), unless such declaration shall be
        subsequently withdrawn and (y) such Lender may require that all such outstanding Eurocurrency Rate Loans made by it be converted to Daily Rate Loans, in which event all such Eurocurrency Rate Loans shall be automatically converted to Daily Rate
        Loans, in the case of (x) or (y) either on the last day of the Interest Period for such Eurocurrency Rate

    
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    Loans, if such Lender may lawfully continue to maintain such Eurocurrency Rate Loans, as applicable to such day, or immediately, if such Lender may not
      lawfully continue to maintain such Eurocurrency Rate Loans (in which case the Lead Borrower shall not be required to make payments pursuant to Section 2.16 in connection with such payment).  Upon any such prepayment or conversion, the Lead
      Borrower shall also pay accrued interest on the amount so prepaid or converted.  Each Lender agrees to designate a different lending office if such designation will avoid the need for such notice and will not, in the determination of such Lender,
      otherwise be materially disadvantageous to such Lender.  In the event any Lender shall exercise its rights under (iii)(x) or (y) above, all payments and prepayments of principal that would otherwise have been applied to repay the Eurocurrency Rate
      Loans that would have been made by such Lender or the converted Eurocurrency Rate Loans of such Lender shall instead be applied to repay the Daily Rate Loans made by such Lender in lieu of, or resulting from the conversion of, such Eurocurrency Rate
      Loans.

    (c)          If it becomes unlawful under any
        Sanctions Laws and Regulations applicable to any Lender for that Lender to perform any of its obligations to the German Borrower as contemplated by this Agreement or to fund, issue or maintain its participation in any Loan to the German Borrower,
        (i) that Lender, shall promptly notify the Administrative Agent upon becoming aware of that event, (ii) the affected Commitments of that Lender will be immediately suspended, (iii) the Administrative Agent shall notify the Lead Borrower who may
        replace such Lender by causing such Lender to (and such Lender shall be obligated to) assign pursuant to Section 9.05(b) (with the assignment fee to be paid by the Borrowers in such instance unless waived by the Administrative Agent) all of its
        affected rights and obligations under this Agreement to one or more Eligible Assignees; provided that neither the Administrative Agent nor any Lender shall have any obligation to the Borrowers to find a
        replacement Lender or other such Person, on the last day of the Interest Period for each affected Loan occurring after receipt by the Lead Borrower of notice pursuant to clause (iii) or, if earlier, the date specified by the Lender in the notice
        delivered to the Administrative Agent (being no earlier than the last day of any applicable grace period permitted by law).

    (d)          If it becomes unlawful under any
        Sanctions Laws and Regulations for an Issuing Bank to issue or leave outstanding any Letter of Credit then, (i) that Issuing Bank shall promptly notify the Administrative Agent upon becoming aware of that event and (ii) upon the Administrative
        Agent notifying the Lead Borrower, the Lead Borrower shall procure that each Loan Party shall use its best endeavors to procure the release of each Letter of Credit issued by that Issuing Bank and outstanding at such time.

    Section 2.21          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 any Commitment of such Defaulting Lender pursuant to Section 2.12(a) and, subject to clause (d)(iv) below, on the participation of such Defaulting Lender in Letters of Credit pursuant to Section 2.12(b)
        and pursuant to any other provisions of this Agreement or other Loan Document.

    (b)          The Commitments and the Revolving Credit
        Exposure of such Defaulting Lender shall not be included in determining whether all Lenders, each affected Lender, the Required Lenders or such other number of Lenders as may be required hereby or under any other Loan Document have taken or may
        take any action hereunder (including any consent to any waiver, amendment or modification pursuant to Section 9.02); provided that any waiver, amendment or modification requiring the consent of all
        Lenders or each affected Lender which affects such Defaulting Lender disproportionately and adversely relative to other affected Lenders shall require the consent of such Defaulting Lender.

    (c)          Any payment of principal, interest, fees
        or other amounts received by the Administrative Agent for the account of any Defaulting Lender (whether voluntary or mandatory, at maturity, pursuant to Section 2.11, Section 2.15, Section 2.16, Section 2.17, Section 2.18,
        Article 7, Section 9.05 or otherwise, and including any amounts made available to the Administrative Agent by such Defaulting Lender pursuant to Section 9.09), shall be applied at such time or times as may be determined by
        the Administrative Agent and, where relevant, the Lead Borrower as follows:  first, to the payment of any amounts owing by such Defaulting Lender to the Administrative Agent hereunder; second, to the payment on a pro rata basis of any amounts owing by such Defaulting Lender to any applicable Issuing Bank hereunder; third, if so reasonably determined by the

    
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    Administrative Agent or reasonably requested by the applicable Issuing Bank, to be held as Cash collateral for future funding obligations of such
      Defaulting Lender in respect of any participation in any Letter of Credit; fourth, so long as no Default or Event of Default exists as the Lead Borrower may request, to the funding of any Loan in respect of which such Defaulting Lender has
      failed to fund its portion thereof as required by this Agreement; fifth, as the Administrative Agent or the Lead Borrower may elect, to be held in a deposit account and released in order to satisfy obligations of such Defaulting Lender to
      fund Loans under this Agreement; sixth, to the payment of any amounts owing to the non-Defaulting Lenders or Issuing Banks as a result of any judgment of a court of competent jurisdiction obtained by any non-Defaulting Lender or any Issuing
      Bank against such Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations under this Agreement; seventh, to the payment of any amounts owing to the Lead Borrower as a result of any judgment of a court of competent
      jurisdiction obtained by the Lead Borrower against such Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations under this Agreement; and eighth, to such Defaulting Lender or as otherwise directed by a court of
      competent jurisdiction; provided that if (x) such payment is a payment of the principal amount of any Loan or LC Exposure in respect of which such Defaulting Lender has not fully funded its appropriate share
      and (y) such Loan or LC Exposure was made or created, as applicable, at a time when the conditions set forth in Section 4.02 were satisfied or waived, such payment shall be applied solely to pay the Loans of, and LC Exposure owed to, all
      non-Defaulting Lenders on a pro rata basis prior to being applied to the payment of any Loans of, or LC Exposure owed to, such Defaulting Lender.  Any payments, prepayments or other amounts paid or payable
      to any Defaulting Lender that are applied (or held) to pay amounts owed by any Defaulting Lender or to post Cash collateral pursuant to this Section 2.21(c) shall be deemed paid to and redirected by such Defaulting Lender, and each Lender
      irrevocably consents hereto.

    (d)          If any LC Exposure exists at the time
        any Lender becomes a Defaulting Lender then:

    (i)          all or any part of
        the LC Exposure of such Defaulting Lender shall be reallocated among the Revolving Lenders of each applicable Class that are non-Defaulting Lenders in accordance with their respective Dollar Revolving Applicable Percentages and/or Multicurrency
        Revolving Applicable Percentages, as applicable, but only to the extent that (w) the conditions set forth in Section 4.02 are satisfied at the time of such reallocation,  (x) the sum of all non-Defaulting Lenders’ Revolving Credit Exposures
        plus all non-Defaulting Lenders’ Ancillary Commitments does not exceed the total of all non-Defaulting Lenders’ Revolving Credit Commitments and (y) the sum of each non-Defaulting Lender’s Revolving Credit
        Exposure plus such non-Defaulting Lender’s Ancillary Commitments does not exceed the total of such non-Defaulting Lender’s Revolving Credit Commitments;

    (ii)          if the reallocation
        described in clause (i) above cannot, or can only partially, be effected, the Lead Borrower shall, without prejudice to any other right or remedy available to it hereunder or under law, within two Business Days following notice by the
        Administrative Agent, Cash collateralize 100% of such Defaulting Lender’s LC Exposure and any obligations of such Defaulting Lender to fund participations (after giving effect to any partial reallocation pursuant to paragraph (i) above and
        any Cash collateral provided by such Defaulting Lender or pursuant to Section 2.21(c) above) or make other arrangements reasonably satisfactory to the Administrative Agent and to the applicable Issuing Bank with respect to such LC Exposure
        and obligations to fund participations.  Cash collateral (or the appropriate portion thereof) provided to reduce LC Exposure or other obligations shall be released promptly following (A) the elimination of the applicable LC Exposure or other
        obligations giving rise thereto (including by the termination of the Defaulting Lender status of the applicable Lender (or, as appropriate, its assignee following compliance with Section 2.19)) or (B) the Administrative Agent’s good faith
        determination that there exists excess Cash collateral (including as a result of any subsequent reallocation of LC Exposure among non-Defaulting Lenders described in clause (i) above);

    (iii)          if the LC Exposure
        of the non-Defaulting Lenders is reallocated pursuant to this Section 2.21(d), then the fees payable to the Revolving Lenders pursuant to Sections 2.12(a) and (b), as the case may be, shall be adjusted to give effect to such
        reallocation; and

    
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    (iv)          if any Defaulting
        Lender’s LC Exposure is not Cash collateralized, prepaid or reallocated pursuant to this Section 2.21(d), then, without prejudice to any rights or remedies of the applicable Issuing Bank or any Revolving Lender hereunder, all letter of
        credit fees payable under Section 2.12(b) with respect to such Defaulting Lender’s LC Exposure shall be payable to the applicable Issuing Bank until such Defaulting Lender’s LC Exposure is Cash collateralized or reallocated.

    (e)          So long as any Revolving Lender is a
        Defaulting Lender, no Issuing Bank shall be required to issue, extend, create, incur, amend or increase any Letter of Credit unless it is reasonably satisfied that the related exposure will be 100% covered by the Revolving Credit Commitments of the
        non-Defaulting Lenders, Cash collateral provided pursuant to Section 2.21(c) and/or Cash collateral provided by the Lead Borrower in accordance with Section 2.21(d), and participating interests in any such or newly issued, extended
        or created Letter of Credit shall be allocated among Revolving Lenders that are non-Defaulting Lenders in a manner consistent with Section 2.21(d)(i) (it being understood that Defaulting Lenders shall not participate therein).

    (f)          In the event that the Administrative
        Agent and the Lead Borrower agree that any Defaulting Lender has adequately remedied all matters that caused such Lender to be a Defaulting Lender, then the LC Exposure of the Revolving Lenders shall be readjusted to reflect the inclusion of such
        Lender’s Revolving Credit Commitment, and on such date such Revolving Lender shall purchase at par such of the Revolving Loans of the other Revolving Lenders or participations in Revolving Loans as the Administrative Agent shall determine as are
        necessary in order for such Revolving Lender to hold such Revolving Loans or participations in accordance with its Dollar Revolving Applicable Percentage and/or Multicurrency Revolving Applicable Percentage.  Notwithstanding the fact that any
        Defaulting Lender has adequately remedied all matters that caused such Lender to be a Defaulting Lender, (x) no adjustments will be made retroactively with respect to fees accrued or payments made by or on behalf of the Lead Borrower while such
        Lender was a Defaulting Lender and (y) except to the extent otherwise expressly agreed by the affected parties, no change hereunder from Defaulting Lender to Lender will constitute a waiver or release of any claim of any party hereunder arising
        from such Lender’s having been a Defaulting Lender.

    Section 2.22          Incremental Credit
          Extensions.

    (a)          The Lead Borrower may, at any time, on
        one or more occasions deliver a written request to the Administrative Agent (whereupon the Administrative Agent shall promptly deliver a copy of such request to each of the Lenders) to (i) add one or more new tranches of term facilities (any such
        new tranche, an “Incremental Term Facility” and any loans made pursuant to an Incremental Term Facility, “Incremental Term Loans”) and/or (ii) add one or more new
        tranches of revolving commitments and/or increase the Total Revolving Credit Commitment or any Additional Revolving Commitment (any such new tranche or increase, an “Incremental Revolving Facility” and,
        together with any Incremental Term Facility, “Incremental Facilities”; and the loans thereunder, “Incremental Revolving Loans” and, together with any Incremental Term
        Loans, “Incremental Loans”) in an aggregate principal amount, when aggregated with the aggregate principal amount of all Incremental Equivalent Debt issued or incurred pursuant to Section 6.01(z), not
        to exceed the Incremental Cap, which Incremental Facilities may be denominated in U.S. Dollars or Alternative Currencies (with the interest rate calculations in respect of Alternative Currencies not already provided for in this Agreement to be
        defined in a manner mutually satisfactory to the Lead Borrower and the Administrative Agent); provided that:

    (i)          no Incremental
        Commitment may be less than $10,000,000,

    (ii)         except as separately
        agreed from time to time between the Lead Borrower and any Lender, no Lender shall be obligated to provide any Incremental Commitment, and the determination to provide such commitments shall be within the sole and absolute discretion of such
        Lender,

    (iii)        no Incremental
        Facility or Incremental Loan (or the creation, provision or implementation thereof) shall require the approval of any existing Lender other than in its capacity, if any, as a Lender providing all or part of any Incremental Commitment or Incremental
        Loan,

    
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    (iv)        (A) except as otherwise
        provided herein, the terms of each Incremental Revolving Facility (other than any terms which are applicable only after the then-existing maturity date with respect to the Revolving Facility or any Additional Revolving Facility, as applicable, and
        other than as permitted under clause (v) below), will be substantially identical to those applicable to the Revolving Facility or otherwise reasonably satisfactory to the Lead Borrower and the Administrative Agent and (B) no Incremental
        Revolving Facility will mature earlier than the then-applicable Latest Revolving Loan Maturity Date or require any scheduled amortization or mandatory commitment reduction prior to such Maturity Date,

    (v)         the interest rate
        applicable to any Incremental Facility or Incremental Loans will be determined by the Lead Borrower and the lenders providing such Incremental Facility or Incremental Loans,

    (vi)        the final maturity
        date with respect to any Incremental Term Loans shall be no earlier than the Latest Maturity Date at the time of the incurrence thereof,

    (vii)       [reserved],

    (viii)      (A) any Incremental
        Term Facility shall rank pari passu with any then-existing tranche of Revolving Loans in right of payment and shall rank pari passu with any then-existing tranche
        of Revolving Loans with respect to security and (B) no Incremental Facility may be (x) guaranteed by any Person which is not a Loan Party or (y) secured by any assets other than the Collateral (other than, in the case of any Incremental Facility
        incurred by an Additional Borrower as a Non-U.S. Facility, a Non-U.S. Facility which may be guaranteed by Persons that are not Loan Parties on the date when such Non-U.S. Facility is established and secured by any collateral in a
        non-U.S. jurisdiction provided that such Additional Borrower, the additional Persons that provide guarantees and collateral and the Administrative Agent on behalf of the Lenders (including the Lenders that provide such Incremental Facility) enter
        into an agreement that contains customary collateral allocation mechanism sharing provisions between such Non-U.S. Facility and the U.S. Credit Facilities),

    (ix)        any prepayment (other
        than any scheduled amortization payment) of Incremental Term Loans that are pari passu with any previously incurred and then-existing Incremental Term Loans in right of payment and security shall be made
        on a pro rata basis with such previously incurred and existing Incremental Term Loans, except that the Lead Borrower and the lenders providing the relevant previously incurred Incremental Term Loans shall
        be permitted, in their sole discretion, to elect to prepay or receive, as applicable, any prepayments on a less than pro rata basis (but not on a greater than pro rata basis),

    (x)          [reserved],

    (xi)         except as otherwise
        agreed by the lenders providing the relevant Incremental Facility in connection with any Limited Condition Acquisition (which shall be subject to Section 2.22(i)), no Event of Default shall exist immediately prior to or after giving effect to such
        incremental facility,

    (xii)        except as otherwise
        agreed by the lenders providing the relevant Incremental Facility in connection with any Limited Condition Acquisition (which shall be subject to Section 2.22(i)), all representations and warranties set forth in Article 3 and in
        each other Loan Document shall be true and correct in all material respects (or, if qualified by materiality, in all respects) on and as of the applicable closing date in respect of such Incremental Facility with the same effect as though made on
        and as of such date, except to the extent such representations and warrants expressly relate to an earlier day, in which case they shall be true and correct in all material respects (or, if qualified by materiality, in all respects) as of such
        earlier date.

    
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    (xiii)      [reserved];

    (xiv)      the proceeds of any
        Incremental Facility may be used for working capital and other general corporate purposes and any other use not prohibited by this Agreement;

    (xv)       on the date of the
        making of any Incremental Term Loans that will be added to any Class of previously incurred Incremental Term Loans, and notwithstanding anything to the contrary set forth in Section 2.08 or 2.13, such Incremental Term Loans shall be
        added to (and constitute a part of) each borrowing of outstanding previously incurred Incremental Term Loans, of the same type with the same Interest Period of the respective Class on a pro rata basis
        (based on the relative sizes of the various outstanding Borrowings), so that each Lender providing such Incremental Term Loans will participate proportionately in each then outstanding borrowing of previously incurred Incremental Term Loans of the
        same type with the same Interest Period of the respective Class; and

    (xvi)      unless the
        Administrative Agent agrees otherwise, at no time shall there be more than three separate Maturity Dates in effect with respect to the Revolving Facility and any existing Additional Revolving Facility at any time.

    (b)          Incremental Commitments may be provided
        by any existing Lender, or by any other lender (other than any Disqualified Institution) (any such other lender being called an “Additional Lender”); provided that
        the Administrative Agent (and, in the case of any Incremental Revolving Facility and any Issuing Bank) shall have consented (such consent not to be unreasonably withheld) to the relevant Additional Lender’s provision of Incremental Commitments if
        such consent would be required under Section 9.05(b) for an assignment of Loans to such Additional Lender.

    (c)          Each Lender or Additional Lender
        providing a portion of any Incremental Commitment shall execute and deliver to the Administrative Agent and the Lead Borrower all such documentation (including an amendment to this Agreement or any other Loan Document) as may be reasonably required
        by the Administrative Agent to evidence and effectuate such Incremental Commitment.  On the effective date of such Incremental Commitment, each Additional Lender shall become a Lender for all purposes in connection with this Agreement.

    (d)          As a condition precedent to the
        effectiveness of any Incremental Facility or the making of any Incremental Loans, (i) upon its reasonable request, the Administrative Agent shall have received customary written opinions of counsel, as well as such reaffirmation agreements,
        supplements and/or amendments as it shall reasonably require, (ii) the Administrative Agent shall have received, from each Additional Lender, an administrative questionnaire, in the form provided to such Additional Lender by the Administrative
        Agent (the “Administrative Questionnaire”) and such other documents as it shall reasonably require from such Additional Lender, and the Administrative Agent and Lenders shall have received all fees required
        to be paid in respect of such Incremental Facility or Incremental Loans and (iii) the Administrative Agent shall have received a certificate of the Lead Borrower signed by a Responsible Officer thereof:

    (A)          certifying and
        attaching a copy of the resolutions adopted by the governing body of the Lead Borrower approving or consenting to such Incremental Facility or Incremental Loans, and

    (B)          to the extent
        applicable, certifying that the condition set forth in clause (a)(x) above has been satisfied.

    (e)          Upon the implementation of any
        Incremental Revolving Facility pursuant to this Section 2.22:

    (i)          if such Incremental
        Revolving Facility is implemented by increasing the amount of then-existing Total Revolving Credit Commitments (rather than by implementing a new tranche of Revolving Loans), (i) each Revolving Lender immediately prior to such increase will

    
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    automatically and without further act be deemed to have assigned to each relevant Incremental Revolving Facility Lender, and each
      relevant Incremental Revolving Facility Lender will automatically and without further act be deemed to have assumed a portion of such Revolving Lender’s participations hereunder in outstanding Letters of Credit such that, after giving effect to each
      deemed assignment and assumption of participations (and after taking into account the Ancillary Commitments of each Multicurrency Revolving Lender), all of the Revolving Lenders’ (including each Incremental Revolving Facility Lender) participations
      hereunder in Letters of Credit and (ii) the existing Revolving Lenders of the applicable Class shall assign Revolving Loans to certain other Revolving Lenders of such Class (including the Revolving Lenders providing the relevant Incremental Revolving
      Facility), and such other Revolving Lenders (including the Revolving Lenders providing the relevant Incremental Revolving Facility) shall purchase such Revolving Loans, in each case to the extent necessary so that all of the Revolving Lenders of such
      Class participate in each outstanding borrowing of Revolving Loans and participate hereunder in Letters of Credit pro rata on the basis of their respective Revolving Credit Commitments of such Class (after
      giving effect to any increase in the Revolving Credit Commitment pursuant to this Section 2.22); it being understood and agreed that the minimum borrowing, pro rata borrowing and pro rata payment requirements contained elsewhere in this Agreement shall not apply to the transactions effected pursuant to this clause (i);

    (ii)          if such Incremental
        Revolving Facility is implemented pursuant to a request to add one or more new tranches of revolving commitments of the same Class as the Revolving Facilities, (1) the borrowing and repayment (except for (A) payments of interest and fees at
        different rates on the existing Revolving Facilities and such Incremental Revolving Facility, (B) repayments required upon the Maturity Date of the then-existing Revolving Facility and such Incremental Revolving Facility and (C) repayments made in
        connection with any permanent repayment and termination of commitments (subject to clause (3) below)) of Incremental Revolving Loans after the effective date of such Incremental Revolving Commitments shall be made on a pro rata basis with the then-existing Revolving Facility and any other then outstanding Incremental Revolving Facility, (2) all letters of credit made or issued, as applicable, under such Incremental Revolving
        Facility shall be participated on a pro rata basis by all Revolving Lenders within such Class and (3) the permanent repayment of Loans with respect to, and termination of commitments under, such
        Incremental Revolving Facility shall be made on a pro rata basis with the then-existing Revolving Facility and any other then outstanding Incremental Revolving Facility, except that the Lead Borrower shall
        be permitted to permanently repay and terminate commitments under such Incremental Revolving Facility on a greater than pro rata basis as compared with any other revolving facility with a later Maturity
        Date than such revolving facility; and

    (iii)          if such Incremental
        Revolving Facility is implemented pursuant to a request to add one or more new tranches of revolving commitments of a different Class as the Revolving Facilities, (1) the borrowing and repayment of Incremental Revolving Loans after the effective
        date of such Incremental Revolving Commitments may be made on a pro rata basis, lesser than pro rata basis or greater than pro
          rata basis with the then-existing Revolving Facility and any other then outstanding Incremental Revolving Facility in accordance with the terms of such Incremental Revolving Facility, (2) all letters of credit made or issued, as
        applicable, under such Incremental Revolving Facility may be participated on a pro rata basis, lesser than pro rata basis or greater than pro rata basis by all Revolving Lenders within such Class in accordance with the terms of such Incremental Revolving Facility and (3) the permanent repayment of Loans with respect to, and termination of commitments under, such
        Incremental Revolving Facility may be made on a pro rata basis, lesser than pro rata basis or greater than pro rata basis
        with the then-existing Revolving Facility and any other then outstanding Incremental Revolving Facility in accordance with the terms of such Incremental Revolving Facility.

    (f)          Effective on the date of effectiveness
        of each Incremental Revolving Facility, the maximum amount of LC Exposure, Dollar LC Exposure and Multicurrency LC Exposure permitted hereunder shall increase by an amount, if any, agreed upon by Administrative Agent, the Issuing Banks and the Lead
        Borrower.

    
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    (g)          The Lenders hereby irrevocably authorize
        the Administrative Agent to enter into such amendments to this Agreement and the other Loan Documents with the Lead Borrower as may be necessary in order to establish new tranches or sub-tranches in respect of Loans or commitments increased or
        extended pursuant to this Section 2.22 and such technical amendments as may be necessary or appropriate in the reasonable opinion of the Administrative Agent and the Lead Borrower in connection with the establishment of such new tranches or
        sub-tranches, in each case on terms consistent with this Section 2.22.

    (h)          To the extent the provisions of clause (a)(xiii)
        above require that Lenders making new Incremental Term Loans add such Incremental Term Loans to the then outstanding borrowings of Eurocurrency Rate Loans of the respective Class of previously incurred Incremental Term Loans it is acknowledged that
        the effect thereof may result in such new Incremental Term Loans having short Interest Periods (i.e., an Interest Period that began during an Interest Period then applicable to outstanding Eurocurrency Rate Loans of the respective Class and which
        will end on the last day of such Interest Period).

    (i)          Limited Condition Acquisitions. 
        Notwithstanding the foregoing provisions of this Section 2.22 or in any other provision of any Loan Document:

    (i)          if the proceeds of
        any Incremental Facility are intended to be applied to finance a Limited Condition Acquisition, the conditions precedent to Lead Borrower’s right to request such Incremental Facility for a Limited Condition Acquisition shall be limited to the
        following:  (a) on the date of the signing of the definitive acquisition agreement for such Limited Condition Acquisition, (x) no Event of Default shall have occurred and be continuing (y) each of the representations and warranties contained in the
        Loan Documents shall be true and correct in all material respects (except (I) with respect to representations and warranties expressly made as of an earlier date, in which case such representations and warranties were true and correct in all
        material respects as of such earlier date and (II) that if any such representation or warranty contains any materiality qualifier, such representation or warranty shall be true and correct in all respects); and (b) at the date of closing of such
        Limited Condition Acquisition and the funding of the applicable Incremental Facility, (A) no Event of Default under Section 7.01(a), (f) or (g) shall have occurred and be continuing, (B) the only representations and warranties the accuracy of which
        shall be a condition to funding such advance shall be the customary specified representations and the customary specified acquisition agreement representations agreed between the Lead Borrower and the Lenders providing such Incremental Facility;
        and

    (ii)          in the case of the
        incurrence of any indebtedness or liens or the making of any investments, restricted payments, prepayments of subordinated or junior debt, asset sales or fundamental changes or the designation of any restricted subsidiaries or unrestricted
        subsidiaries in connection with a Limited Condition Acquisition, at the Lead Borrower’s option, the relevant ratios and baskets shall be determined, and any default or event of default blocker shall be tested, as of the date the definitive
        acquisition agreements for such Limited Condition Acquisition are entered into and, subject to the second proviso contained in this clause (ii), calculated as if the acquisition and other pro forma events in connection therewith were consummated on
        such date; provided that if the Lead Borrower has made such an election, in connection with the calculation of any ratio or basket with respect to the incurrence of any debt or liens, or the making of any
        investments, restricted payments, prepayments of subordinated, junior or unsecured debt, asset sales, fundamental changes or the designation of a restricted subsidiary or unrestricted subsidiary r following such election and prior to the earlier of
        the date on which such acquisition is consummated or the definitive agreement for such acquisition is terminated, any such ratio shall, subject to the proviso below, be calculated on a pro forma basis assuming such acquisition and other pro forma
        events in connection therewith (including any incurrence of indebtedness) have been consummated; provided that the consolidated net income (and any other financial defined term derived therefrom) shall not
        include any consolidated net income of or attributable to the target company or assets associated with any such Limited Condition Acquisition unless and until the closing of such Limited Condition Acquisition shall have actually occurred.

    (j)          This Section 2.22 shall
        supersede any provision in Section 2.18 or 9.02 to the contrary.

    
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    Section 2.23          Extensions of Loans and
          Revolving Commitments.

    (a)          Notwithstanding anything to the contrary
        in this Agreement, pursuant to one or more offers (each, an “Extension Offer”) made from time to time by the Lead Borrower to all Lenders holding Loans of any Class with a like Maturity Date and in the same
        currency or commitments with a like Maturity Date, in each case on a pro rata basis (based on the aggregate outstanding principal amount of the respective Loans in the same currency with a like Maturity
        Date or commitments with a like Maturity Date) and on the same terms to each such Lender, the Lead Borrower is hereby permitted from time to time to consummate transactions with any individual Lender who accepts the terms contained in any such
        Extension Offer to extend the Maturity Date of such Lender’s Loans and/or commitments and otherwise modify the terms of such Loans and/or commitments pursuant to the terms of the relevant Extension Offer (including by increasing the interest rate
        or fees payable in respect of such Loans and/or commitments (and related outstandings) and/or modifying the amortization schedule in respect of such Loans) (each, an “Extension”, and each group of Loans or
        commitments, as applicable, in each case as so extended, as well as the original Loans and the original commitments (in each case not so extended), being a “tranche”; any Extended Revolving Credit Commitments
        shall constitute a separate tranche of revolving commitments from the tranche of revolving commitments from which they were converted), so long as the following terms are satisfied:

    (i)          except as to
        (x) interest rates, fees, any other pricing terms and final maturity (which shall, subject to immediately succeeding clause (iii)(y), be determined by the Lead Borrower and any Lender who agrees to an Extension and set forth in the relevant
        Extension Offer) and (y) any covenants or other provisions applicable only to periods after the Latest Revolving Loan Maturity Date (in each case, as of the date of such Extension), the commitment of any Revolving Lender that agrees to an Extension
        (an “Extended Revolving Credit Commitment”; and the Loans thereunder, “Extended Revolving Loans”), and the related outstandings, shall be a revolving commitment (or
        related outstandings, as the case may be) with the same terms (or terms not less favorable to existing Revolving Lenders) as the original revolving commitments (and related outstandings) provided hereunder or such other terms as shall be reasonably
        satisfactory to the Administrative Agent; it being agreed that the applicable Borrower shall have the right to unilaterally provide the extending Revolving Lenders with additional rights and benefits (such rights and benefits “Additional Rights to Extending Revolving Lenders”) and the “not less favorable” requirement of this clause (i) and compliance therewith shall be determined after giving effect to such Additional Rights to
        Extending Revolving Lenders; provided that (x) to the extent any non-extended portion of the Revolving Facility or any Additional Revolving Facility then exists, (1) the borrowing and repayment (except for
        (A) payments of interest and fees at different rates on such revolving facilities (and related outstandings), (B) repayments required upon the Maturity Date of such revolving facilities and (C) repayments made in connection with any permanent
        repayment and termination of commitments (subject to clause (3) below)) of Extended Revolving Loans after the effective date of such Extended Revolving Credit Commitments shall be made on a pro rata basis

        with such portion of the Revolving Facility or the relevant Additional Revolving Facility, as applicable, (2) all letters of credit made or issued, as applicable, under any Extended Revolving Credit Commitment shall be participated on a pro rata basis by all Revolving Lenders and (3) the permanent repayment of Loans with respect to, and termination of commitments under, any such Extended Revolving Credit Commitment after the effective date of
        such Extended Revolving Credit Commitments shall be made on a pro rata basis with such portion of the Revolving Facility and/or any Additional Revolving Facility, except that the Lead Borrower shall be
        permitted to permanently repay and terminate commitments of any such revolving facility on a greater than pro rata basis as compared with any other revolving facility with a later Maturity Date than such
        revolving facility and (y) unless the Administrative Agent agrees otherwise, at no time shall there be more than three separate Classes of revolving commitments hereunder (including Revolving Credit Commitments, Incremental Revolving Commitments,
        Extended Revolving Credit Commitments and Replacement Revolving Facilities);

    (ii)          [reserved];

    
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    (iii)          no Extended Revolving Credit
        Commitments or Extended Revolving Loans shall have a final maturity date earlier than (or require commitment reductions prior to) the then applicable Latest Revolving Loan Maturity Date;

    (iv)         [reserved];

    (v)          [reserved];

    (vi)          if the aggregate
        principal amount of Loans or commitments, as the case may be, in respect of which Lenders shall have accepted the relevant Extension Offer exceeds the maximum aggregate principal amount of Loans or commitments, as the case may be, offered to be
        extended by the Lead Borrower pursuant to such Extension Offer, then the Loans or commitments, as the case may be, of such Lenders shall be extended ratably up to such maximum amount based on the respective principal amounts (but not to exceed
        actual holdings of record) with respect to which such Lenders have accepted such Extension Offer;

    (vii)        each Extension shall
        be in a minimum amount of the Dollar Equivalent of $20,000,000;

    (viii)       any applicable
        Minimum Extension Condition shall be satisfied or waived by the Lead Borrower; and

    (ix)          all documentation in
        respect of such Extension shall be consistent with the foregoing.

    (b)          With respect to any Extension
        consummated pursuant to this Section 2.23, (i) no such Extension shall constitute a voluntary or mandatory prepayment for purposes of Section 2.11, (ii) the scheduled amortization payments (in so far as such schedule affects
        payments due to Lenders participating in the relevant Class) set forth in Section 2.10 shall be adjusted to give effect to such Extension of the relevant Class and (iii) except as set forth in clause (a)(vii) above, no Extension
        Offer is required to be in any minimum amount or any minimum increment; provided that the Lead Borrower may, at its election, specify as a condition (a “Minimum Extension
          Condition”) to consummating such Extension that a minimum amount (to be determined and specified in the relevant Extension Offer in the Lead Borrower’s sole discretion and which may be waived by the Lead Borrower) of Loans or commitments
        (as applicable) of any or all applicable tranches be tendered.  The Administrative Agent and the Lenders hereby consent to the transactions contemplated by this Section 2.23 (including, for the avoidance of doubt, any payment of any
        interest, fees or premium in respect of any tranche of Extended Revolving Credit Commitments on such terms as may be set forth in the relevant Extension Offer) and hereby waive the requirements of any provision of this Agreement (including Section 2.10,
        2.11 or 2.18) or any other Loan Document that may otherwise prohibit any Extension or any other transaction contemplated by this Section 2.23.

    (c)          No consent of any Lender or the
        Administrative Agent shall be required to effectuate any Extension, other than (A) the consent of each Lender agreeing to such Extension with respect to one or more of its Loans and/or commitments under any Class (or a portion thereof) and (B) with
        respect to any Extension of the Revolving Credit Commitments, the consent of each Issuing Bank to the extent the commitment to provide Letters of Credit is to be extended.  All Extended Revolving Credit Commitments and all obligations in respect
        thereof shall constitute Secured Obligations under this Agreement and the other Loan Documents that are secured by the Collateral and guaranteed on a pari passu basis with all other applicable Secured
        Obligations under this Agreement and the other Loan Documents.  The Lenders hereby irrevocably authorize the Administrative Agent to enter into such amendments to this Agreement and the other Loan Documents with the Lead Borrower as may be
        necessary in order to establish new tranches or sub-tranches in respect of Loans or commitments so extended and such technical amendments as may be necessary or appropriate in the reasonable opinion of the Administrative Agent and the Lead Borrower
        in connection with the establishment of such new tranches or sub-tranches, in each case on terms consistent with this Section 2.23.

    
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    (d)          In connection with any Extension, the
        Lead Borrower shall provide the Administrative Agent at least ten Business Days’ (or such shorter period as may be agreed by the Administrative Agent) prior written notice thereof, and shall agree to such procedures (including regarding timing,
        rounding and other adjustments and to ensure reasonable administrative management of the credit facilities hereunder after such Extension), if any, as may be established by, or acceptable to, the Administrative Agent, in each case acting reasonably
        to accomplish the purposes of this Section 2.23.

    Section 2.24          Lead Borrower as Borrower
          Representative.  Each Borrower (other than the Lead Borrower) hereby designates the Lead Borrower as its representative and agent for all purposes under the Loan Documents, including designation of interest rates, delivery or receipt of
        communications, preparation and delivery of financial reports, receipt and payment of Obligations, requests for waivers, amendments or other accommodations, actions under the Loan Documents (including in respect of compliance with covenants), and
        all other dealings with the Administrative Agent or any Lender.  The Lead Borrower hereby accepts such appointment.  The Administrative Agent and the Lenders shall be entitled to rely upon, and shall be fully protected in relying upon, any notice
        or communication delivered by the Lead Borrower on behalf of any Borrower.  The Administrative Agent and the Lenders may give any notice or communication with a Borrower hereunder to the Lead Borrower on behalf of such Borrower.  Each of the
        Administrative Agent and the Lenders shall have the right, in its discretion, to deal exclusively with the Lead Borrower for any or all purposes under the Loan Documents.  Each Borrower agrees that any notice, election, communication,
        representation, agreement or undertaking made on its behalf by the Lead Borrower shall be binding upon and enforceable against it.

    Section 2.25          Currency Equivalents.

    (a)          The Administrative Agent shall determine
        the Dollar Equivalent of each Revolving Loan denominated in an Alternative Currency, each LC Obligation in respect of Letters of Credit denominated in an Alternative Currency and each Ancillary Commitment denominated in an Alternative Currency
        (i) as of the first day of each Interest Period applicable to a Revolving Loan or on the date of such initial extension in respect of an LC Obligation and (ii) as of the end of each fiscal quarter of the Lead Borrower, and shall promptly notify the
        Lead Borrower and the Lenders of each Dollar Equivalent so determined by it.  Each such determination shall be based on the Exchange Rate (x) on the date of the related Borrowing Request for the purposes of the initial such determination for any
        Revolving Loan or Letter of Credit (y) on the fourth Business Day prior to the date as of which such Dollar Equivalent is to be determined, for purposes of any subsequent determination in respect of a Revolving Loan or Letter of Credit and (z) in
        respect of any Ancillary Commitment, on the fourth Business Day prior to the relevant Ancillary Commencement Date or, if later, the date on which the Administrative Agent received the notice of such Ancillary Commitment pursuant to Section 2.26(a)(ii).

    (b)          If after giving effect to any such
        determination of a Dollar Equivalent, the Total Revolving Credit Outstandings exceed the sum of the (i) the aggregate amount of Revolving Credit Commitments then in effect plus (ii) the aggregate amount of Ancillary Commitments then in effect
        by 5.0% or more, the Borrower shall prepay on such date of determination the applicable outstanding Dollar Equivalent of the Revolving Loans denominated in Alternative Currencies or take other action as the Administrative Agent, in its discretion,
        may direct (including Cash collateralization of the applicable LC Obligations and/or Ancillary Outstandings (without duplication of any requirements under the applicable Ancillary Facility) in amounts from time to time equal to such excess) to the
        extent necessary to eliminate any such excess.

    Section 2.26          Ancillary Facilities.

    (a)          Availability of Ancillary Facilities.

    (i)          Any Multicurrency
        Revolving Lender may, upon the agreement of any Revolving Facility Borrower and such Revolving Lender, provide, directly or indirectly through one or more of its Affiliates (other than any Disqualified Institution), to such Revolving Facility
        Borrower or any Affiliate Ancillary Borrower one or more Ancillary Facilities on a bilateral basis in place of all or a portion of such Multicurrency Revolving Lender’s Unused Multicurrency Revolving Credit Commitment (which shall (subject to Section 2.26(c)(ii))
        be reduced by the amount of the Ancillary Commitment under that Ancillary Facility).

    
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    (ii)          No Revolving Facility
        Borrower may implement any Ancillary Facility unless, not less than five Business Days prior to the Ancillary Commencement Date with respect thereto, the Administrative Agent has received written notice from such Revolving Facility Borrower that
        such Ancillary Facility has been established and specifying:

    (1)          the Ancillary
        Commencement Date for such Ancillary Facility and the scheduled expiration date thereof;

    (2)          the type of such
        Ancillary Facility;

    (3)          the Ancillary
        Commitment (including the maximum amount of such Ancillary Facility) and, if such Ancillary Facility is Multi-account Overdraft its Designated Gross Amount and “Designated Net Amount”;

    (4)          the proposed currency
        or currencies of such Ancillary Facility (if not denominated in U.S. Dollars); and

    (5)          the identity of the
        relevant Ancillary Lender(s) (including whether such Ancillary Lender is a Multicurrency Revolving Lender or an Affiliate of a Multicurrency Revolving Lender).

    (iii)          The applicable
        Revolving Facility Borrower (or the Lead Borrower on its behalf) shall provide such other customary information as the Administrative Agent may reasonably request in connection with any Ancillary Facility.

    (iv)          The Administrative
        Agent shall promptly notify the Multicurrency Revolving Lender proposing to provide such Ancillary Facility and the other Lenders of the establishment of any Ancillary Facility and, subject to the satisfaction of the requirements set forth in Section 2.26(b)
        below, (A) the relevant Multicurrency Revolving Lender will constitute an Ancillary Lender and (B) such Ancillary Facility will be deemed to be made available hereunder, in each case as of the Ancillary Commencement Date.

    (v)          Notwithstanding
        anything to the contrary herein or in any other Loan Document (including Section 9.02 hereof), no amendment or waiver of any term of any Ancillary Facility shall require the consent of any Lender other than the relevant Ancillary Lender
        except to the extent that such amendment or waiver otherwise gives rise to a matter that would require an amendment of or waiver under this Agreement (including, for the avoidance of doubt, under this Section 2.26), in which case the
        provisions of Section 9.02 shall apply thereto.

    (b)          Terms of Ancillary Facilities. 
        (i) Except as provided below in this Section 2.26, the terms of any Ancillary Facility will be agreed by the relevant Ancillary Lender and the relevant Revolving Facility Borrower; provided that
        such terms (A) may only allow the relevant Revolving Facility Borrower or an Affiliate Ancillary Borrower identified by such Revolving Facility Borrower to use the Ancillary Facility, (B) may not permit the amount of Ancillary Outstandings to
        exceed the Available Ancillary Commitment with respect to such Ancillary Facility, (C) may not allow the Ancillary Commitment of any Ancillary Lender to exceed the Unused Multicurrency Revolving Credit Commitment of such Ancillary Lender (before
        taking into account the effect of such Ancillary Facility on such Unused Multicurrency Revolving Credit Commitment), (D) shall require that the Ancillary Commitment in respect of such Ancillary Facility will be reduced to zero, and that all
        Ancillary Outstandings will be repaid (or Cash collateralized or back-stopped by a letter of credit or otherwise in a manner reasonably satisfactory to the relevant Ancillary Lender, in each case, in an amount equal to 100% of such Ancillary
        Outstandings) on or prior to the applicable Maturity Date for such Multicurrency Revolving Lender’s tranche of Multicurrency Revolving Credit Commitments (or such date as the Multicurrency Revolving Credit Commitment of the relevant Ancillary
        Lender (or its Affiliates) is reduced to zero) and (E) shall otherwise be based upon normal commercial terms as determined by the board of the relevant Revolving Facility Borrower (or of the Lead Borrower) and such Ancillary Lender, at the time
        such Ancillary Facility is entered into (except as varied by this Agreement).

    
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    (ii)          If there is an
        inconsistency between any term of any Ancillary Facility and any term of this Agreement, this Agreement shall prevail, except for (A) those terms relating to the calculation of fees, interest, or commission relating to any Ancillary Facility,
        (B) any Ancillary Facility comprising more than one account, where the terms of the relevant Ancillary Documents shall prevail to the extent required to permit the netting of balances in respect of the relevant accounts and (C) where the relevant
        term of this Agreement would be contrary to, or inconsistent with, the law governing the relevant Ancillary Document, in which case the relevant term of this Agreement shall be superseded by the terms of the relevant Ancillary Document to the
        extent necessary to eliminate the subject conflict or inconsistency; provided, however, that notwithstanding anything to the contrary herein, (x) no Ancillary
        Document shall contain any representation or warranty, covenant or event of default that is not set forth in this Agreement (and any such representation or warranty, covenant or event of default not set forth in this Agreement shall be rendered
        null and void) and (y) all representations and warranties, covenants, events of default, indemnification and similar obligations set forth in any Ancillary Document shall contain standards, qualifications, thresholds and exceptions for materiality
        or otherwise consistent with those set forth in this Agreement (and, to the extent inconsistent therewith, the relevant Ancillary Documents shall be deemed to automatically incorporate the applicable standards, qualifications, thresholds and
        exceptions set forth herein without action by any Person).

    (iii)          Notwithstanding
        anything to the contrary herein, in any other Loan Document or in any Ancillary Document, no breach of any representation, warranty, undertaking or other term of (or default or event of default under) any Ancillary Document shall be deemed to
        constitute, or result in, a breach of any representation, warranty, undertaking or other term of, or Default or Event of Default under, this Agreement or any other Loan Document.

    (c)          Repayment of Ancillary Facilities.

    (i)          Each Ancillary
        Commitment shall terminate on the applicable Maturity Date for such Multicurrency Revolving Lender’s tranche of Multicurrency Revolving Credit Commitments or such earlier date on which its expiry date occurs or in which it is cancelled, in each
        case, in accordance with the terms of this Agreement.

    (ii)          Upon the expiration
        of any Ancillary Facility in accordance with its terms, the Ancillary Commitment of the relevant Ancillary Lender shall be reduced to zero (and the Unused Multicurrency Revolving Credit Commitment of such Ancillary Lender shall be increased
        accordingly).  Upon the making of one or more Multicurrency Revolving Loans as provided below in an amount sufficient to repay the Ancillary Outstandings under any Ancillary Facility, such Ancillary Facility shall be cancelled upon receipt by the
        relevant Ancillary Lender of the proceeds thereof.

    (iii)          No Ancillary Lender
        may demand repayment, prepayment or Cash collateralization of any amounts made available or liabilities incurred by it under any Ancillary Facility (except where the relevant Ancillary Facility is provided on a net limit basis to the extent
        required to reduce any gross outstandings to the net limit) unless (A) the applicable Maturity Date for such Multicurrency Revolving Lender’s tranche of Multicurrency Revolving Credit Commitments has occurred, (B) the Multicurrency Revolving Loans
        have been declared immediately due and payable and all Multicurrency Revolving Credit Commitments terminated in accordance with Section 7.01, (C) the expiration date of the relevant Ancillary Facility occurs, (D) it becomes unlawful in any
        applicable jurisdiction for the relevant Ancillary Lender to perform its obligations under this Agreement or to fund, issue or maintain its participation in the relevant Ancillary Facility or (E) the Ancillary Outstandings (if any) under the
        relevant Ancillary Facility may be refinanced in an equivalent amount by a Multicurrency Revolving Loan and the relevant Ancillary Lender provides sufficient notice to permit the refinancing of such Ancillary Outstandings with a Multicurrency
        Revolving Loan.

    
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    (iv)          Notwithstanding anything
        to the contrary herein, for the purposes of determining whether or not the Ancillary Outstandings under any Ancillary Facility referenced in clause (c)(iii)(E) above may be refinanced by a Multicurrency Revolving Loan, (A) the Multicurrency
        Revolving Credit Commitment of the relevant Ancillary Lender will be increased by the amount of its Ancillary Commitment in respect of such Ancillary Facility and (B) unless the circumstances described in clauses (c)(iii)(A) or (B) then

        exist, each Multicurrency Revolving Lender shall be obligated to make a Multicurrency Revolving Loan to the applicable Revolving Facility Borrower for the purpose of refinancing the relevant Ancillary Outstandings on a pro rata basis in
        accordance with its Multicurrency Revolving Applicable Percentage whether or not a Default or Event of Default exists or any other applicable condition precedent is not satisfied and irrespective of whether any Borrower has delivered a Borrowing
        Request.

    (v)          With respect to any
        Ancillary Facility that comprises an overdraft facility in which a Designated Net Amount has been established, for the purposes of calculating compliance with the Designated Net Amount, the Ancillary Lender providing such Ancillary Facility shall
        only be obligated to take into account the credit balances which it is permitted to take into account by then applicable law and regulations relating to its reporting of exposures to applicable regulatory authorities as netted for capital adequacy
        purposes.

    (d)          Ancillary Outstandings.  The
        applicable Revolving Facility Borrower and each Ancillary Lender agree with and for the benefit of each Multicurrency Revolving Lender that (i) the Ancillary Outstandings under any Ancillary Facility provided by such Ancillary Lender shall not
        exceed the Ancillary Commitment applicable to such Ancillary Facility and (ii) in relation to a Multi-account Overdraft, (x) the Ancillary Outstandings under such Ancillary Facility shall not exceed the Designated Net Amount in respect of such
        Multi-account Overdraft and (y) the Gross Outstandings shall not exceed the Designated Gross Amount applicable to such Multi-account Overdraft.

    (e)          Adjustment for Ancillary Facilities
          upon Acceleration.

    (i)          If a notice is served
        under Section 7.01 (other than a notice declaring all Obligations to be due and payable), each Multicurrency Revolving Lender (including each Ancillary Lender) shall promptly adjust (by making or receiving (as the case may be) corresponding
        transfers of rights and obligations under the Loan Documents relating to Multicurrency Revolving Credit Exposure) their claims in respect of amounts outstanding to them under the Multicurrency Revolving Facility and each Ancillary Facility to the
        extent necessary to ensure that after such transfers, the Multicurrency Revolving Outstandings of each Multicurrency Revolving Lender bear the same proportion to the Total Multicurrency Revolving Outstandings as such Multicurrency Revolving
        Lender’s Multicurrency Revolving Applicable Percentage, each as at the date the notice is served under Section 7.01.

    (ii)          If an amount
        outstanding under an Ancillary Facility is a contingent liability and that contingent liability becomes an actual liability or is reduced to zero after the original adjustment is made under paragraph (i) above, then each Multicurrency
        Revolving Lender (including each Ancillary Lender) will make a further adjustment (by making or receiving (as the case may be) corresponding transfers of rights and obligations under the Loan Documents relating to Multicurrency Revolving
        Outstandings to the extent necessary) to put themselves in the position they would have been in had the original adjustment been determined by reference to the actual liability or, as the case may be, zero liability and not the contingent
        liability.

    (iii)          Any transfer of
        rights and obligations relating to Multicurrency Revolving Outstandings made pursuant to this Section 2.26(e) shall be made for a purchase price in Cash, payable at the time of transfer in the applicable currency of such Multicurrency
        Revolving Outstanding, in an amount equal to such Multicurrency Revolving Outstandings.

    
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    (iv)          All calculations to be
        made pursuant to this Section 2.26(e) shall be made by the Administrative Agent based upon information provided to it by the Multicurrency Revolving Lenders (including Ancillary Lenders) and the Exchange Rate.

    (f)          Pro Rata Adjustments of
          Participations in Revolving Letters of Credit upon Establishment or Termination of Ancillary Facilities.

    (i)          Upon the
        implementation, increase, reduction, cancellation or termination of any Ancillary Facility pursuant to this Section 2.26:

    (A)          the Multicurrency
        Revolving Lenders (including the Multicurrency Revolving Lender providing, reducing, canceling or terminating such Ancillary Facility) shall assign Multicurrency Revolving Loans to certain other Multicurrency Revolving Lenders, and such other
        Multicurrency Revolving Lenders (and the Multicurrency Revolving Lender providing, reducing, canceling or terminating such Ancillary Facility) shall purchase such Multicurrency Revolving Loans, in each case to the extent necessary so that all of
        the Multicurrency Revolving Lenders participate in each outstanding Borrowing of Multicurrency Revolving Loans pro rata on the basis of their respective Multicurrency Revolving Credit Commitments (after giving effect to any increase or decrease in
        the Multicurrency Revolving Credit Commitments pursuant to Section 2.26); it being understood and agreed that the minimum borrowing, pro rata borrowing and pro rata payment requirements contained elsewhere in this Agreement shall not apply
        to the transactions effected pursuant to the immediately preceding sentence; and

    (B)          each Multicurrency
        Revolving Lender (including the Multicurrency Revolving Lender providing, reducing, canceling or terminating such Ancillary Facility) will automatically and without further act be deemed to have assigned to each other Multicurrency Revolving Lender
        and each other Multicurrency Revolving Lender (including the Multicurrency Revolving Lender providing, reducing, canceling or terminating such Ancillary Facility) will automatically and without further act be deemed to have assumed a portion of
        such Multicurrency Revolving Lender’s participations hereunder in outstanding Letters of Credit such that, after giving effect to each deemed assignment and assumption of participations, all of the Multicurrency Revolving Lenders’ participations
        hereunder in Letters of Credit shall be held on a pro rata basis on the basis of their respective Multicurrency Revolving Credit Commitments (after giving effect to any increase or decrease in the Multicurrency Revolving Credit Commitments pursuant
        to Section 2.26).

    (g)          Information.  The applicable
        Revolving Facility Borrower and each Ancillary Lender shall, promptly upon the request of the Administrative Agent, provide the Administrative Agent with any information relating to the operation of such Ancillary Facility (including the amount of
        Ancillary Outstandings) as the Administrative Agent may from time to time reasonably request (which information shall be subject to compliance with Section 9.13).

    (h)          Affiliates of Multicurrency Revolving
          Lenders as Ancillary Lenders.

    (i)          Subject to the terms
        of this Agreement, an Affiliate of any Multicurrency Revolving Lender may become an Ancillary Lender (other than a Disqualified Institution), in which case Multicurrency such Revolving Lender and such Affiliate shall be treated as a single
        Multicurrency Revolving Lender whose Multicurrency Revolving Credit Commitment is as set forth in Schedule 1.01(a) or in the Assignment and Assumption pursuant to which such Multicurrency Revolving Lender assumed its Multicurrency Revolving
        Credit Commitment, as the same may be modified in accordance with the terms of the definition of “Multicurrency Revolving Credit Commitment”; it being understood that the relevant Multicurrency Revolving Lender’s Multicurrency Revolving Credit
        Commitment will be reduced to the extent of the Ancillary Commitment of such Affiliate.

    
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    (ii)          To the extent that this
        Agreement or any other Loan Document imposes any obligation on any Ancillary Lender and such Ancillary Lender is an Affiliate of a Multicurrency Revolving Lender and not a party thereto, the relevant Multicurrency Revolving Lender shall ensure that
        such obligation is performed by such Affiliate in compliance with the terms hereof or such other Loan Document.

    (iii)          Each Ancillary
        Lender, in its capacity as such, hereby appoints the Administrative Agent as its agent for purposes of the Loan Documents.

    (i)          Subsidiaries of the Lead Borrower as
          Ancillary Borrowers.

    (i)          Subject to the terms
        of this Agreement, any Restricted Subsidiary of the Lead Borrower may, with the approval of the relevant Ancillary Lender, become an Affiliate Ancillary Borrower with respect to an Ancillary Facility.

    (ii)          The Lead Borrower
        shall specify any of its Restricted Subsidiaries in any notice delivered by the Lead Borrower to the Administrative Agent pursuant to Section 2.26(a).

    (iii)          Where this
        Agreement or any other Loan Document imposes an obligation on a borrower under an Ancillary Facility and the relevant borrower is a Restricted Subsidiary of the Lead Borrower which is not a party to such document, the Lead Borrower shall ensure
        that the obligation is performed by its Restricted Subsidiary.

    (iv)          Any reference in
        this Agreement or any other Loan Document to the Lead Borrower being under no obligations (whether actual or contingent) as a Borrower under such Loan Document shall be construed to include a reference to any Restricted Subsidiary of the Lead
        Borrower being under no obligations under any Loan Document or Ancillary Document.

    (j)          Each Ancillary Lender, in its capacity
        as such, hereby appoints the Administrative Agent and the Collateral Agent as its agents for purposes of the Loan Documents.

    (k)          The rate and time of payment and
        interest, commission, fees and any other remuneration in respect of each Ancillary Facility shall be determined by agreement between the relevant Ancillary Lender and the applicable Revolving Facility Borrower of that Ancillary Facility based upon
        normal market rates and terms.

    Section 2.27          Benchmark Replacement.

    (a)          Notwithstanding
        anything to the contrary herein or in any other Loan Document, upon the occurrence of a Benchmark Transition Event or an Early Opt-in Election, as applicable, the Administrative Agent and the Lead Borrower may amend this Agreement to replace the
        LIBO Rate with a Benchmark Replacement. Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00 p.m. on the fifth (5th) Business
        Day after the Administrative Agent has posted such proposed amendment to all Lenders and the Lead Borrower so long as the Administrative Agent has not received, by such time, written notice of objection to such amendment from Lenders comprising the
        Required Lenders. Any such amendment with respect to an Early Opt-in Election will become effective on the date that Lenders comprising the Required Lenders have delivered to the Administrative Agent written notice that such Required Lenders accept
        such amendment. No replacement of the LIBO Rate with a Benchmark Replacement pursuant to this Section 2.27 will occur prior to the applicable Benchmark Transition Start Date.

    (b)          Benchmark Replacement Conforming
          Changes.  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.

    

    

    
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    (c)          Notices; Standards for Decisions and
          Determinations.  The Administrative Agent will promptly notify the Lead Borrower and the Lenders of (i) any occurrence of a Benchmark Transition Event or an Early Opt-in Election, as applicable, and its related Benchmark Replacement Date and
        Benchmark Transition Start Date, (ii) the implementation of any Benchmark Replacement, (iii) the effectiveness of any Benchmark Replacement Conforming Changes and (iv) the commencement or conclusion of any Benchmark Unavailability Period. Any
        determination, decision or election that may be made by the Administrative Agent or Lenders pursuant to this Section 2.27, 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, 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 hereto, except, in
        each case, as expressly required pursuant to this Section 2.27.

    

    

    (d)          Benchmark Unavailability Period. 
        Upon the Lead Borrower’s receipt of notice of the commencement of a Benchmark Unavailability Period, (x) any request for a borrowing of a LIBO Rate Loan or the conversion to or continuation of LIBO Rate Loan, in each case, to be made, converted or
        continued as applicable, during any Benchmark Unavailability Period shall be deemed revoked and (y) the Borrower shall repay any outstanding LIBO Rate Loan on the last day of the Interest Period relating thereto to the extent such date occurs
        during any Benchmark Unavailability Period.

    

    

    ARTICLE 3

      

      REPRESENTATIONS AND WARRANTIES

    On the Closing Date, and thereafter on the dates and to the extent required pursuant to Section 4.02, each of (i) Holdings,
      solely with respect to Sections 3.01, 3.02, 3.03, 3.07, 3.08, 3.09, 3.13, 3.14, 3.16 and 3.17 and (ii) the Lead Borrower hereby represent and warrant to the Lenders
      that:

    Section 3.01          Organization; Powers. 
        Each of the Loan Parties and each of their Restricted Subsidiaries (a) is (i) duly organized and validly existing and (ii) in good standing (to the extent such concept exists in the relevant jurisdiction) under the laws of its jurisdiction of
        organization, (b) has all requisite organizational power and authority to own its property and assets and to carry on its business as now conducted and (c) is qualified to do business in, and is in good standing (to the extent such concept exists
        in the relevant jurisdiction) in, every jurisdiction where its ownership, lease or operation of properties or conduct of its business requires such qualification; except, in each case referred to in this Section 3.01 (other than clause (a)(i)
        with respect to each Borrower and clause (b) with respect to the Loan Parties) where the failure to do so, individually or in the aggregate, would not reasonably be expected to result in a Material Adverse Effect.

    Section 3.02          Authorization;
          Enforceability.  The execution, delivery and performance of each of the Loan Documents are within each applicable Loan Party’s corporate or other organizational power and have been duly authorized by all necessary corporate or other
        organizational action of such Loan Party.  Each Loan Document to which any Loan Party is a party has been duly executed and delivered by such Loan Party and is a legal, valid and binding obligation of such Loan Party, enforceable in accordance with
        its terms, subject to the Legal Reservations.

    Section 3.03          Governmental Approvals; No
          Conflicts.  The execution and delivery of the Loan Documents by each Loan Party party thereto and the performance by such Loan Party thereof (a) do not require any consent or approval of, registration or filing with, or any other action by,
        any Governmental Authority, except (i) such as have been obtained or made and are in full force and effect, (ii) in connection with the Perfection Requirements and (iii) such consents, approvals, registrations, filings, or other actions the failure
        to obtain or make which would not be reasonably expected to have a Material Adverse Effect, (b) will not violate any (i) of such Loan Party’s Organizational Documents or (ii) Requirements of Law applicable to such Loan Party which violation, in the
        case of this clause (b)(ii), could reasonably be expected to have a Material Adverse Effect and (c) will not violate or result in a default under any material Contractual Obligation to which such Loan Party is a party which violation, in
        the case of this clause (c), could reasonably be expected to result in a Material Adverse Effect.

    Section 3.04          Financial Condition; No
          Material Adverse Effect.

    
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    (a)          The financial statements most recently
        provided pursuant to Section 5.01(a) or (b), as applicable, present fairly, in all material respects, the financial position and results of operations and cash flows of the Lead Borrower on a consolidated basis as of such dates and
        for such periods in accordance with GAAP, subject, in the case of financial statements provided pursuant to Section 5.01(a), to the absence of footnotes and normal year-end adjustments.

    (b)          Since the Closing Date, there have been
        no events, developments or circumstances that have had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect.

    Section 3.05          Properties; Intellectual
          Property.

    (a)          As of the Closing Date, Schedule 3.05
        sets forth the address of each Material Real Estate Asset (or each set of such assets that collectively comprise one operating property) that is owned in fee simple by any Loan Party.

    (b)          The Borrowers and each of their
        Restricted Subsidiaries have good and valid fee simple title to or rights to purchase, or valid leasehold interests in, or easements or other limited property interests in, all of their respective Real Estate Assets and have good title to their
        personal property and assets, in each case, except (i) for defects in title that do not materially interfere with their ability to conduct their business as currently conducted or to utilize such properties and assets for their intended purposes or
        (ii) where the failure to have such title would not reasonably be expected to have a Material Adverse Effect.  All such properties and assets are free and clear of Liens, other than Permitted Liens.

    (c)          The Borrowers and their Restricted
        Subsidiaries own or otherwise have a license or right to use all rights in Patents, Trademarks, Copyrights and other rights in works of authorship (including all copyrights embodied in software), domain names, trade secrets and all other
        intellectual property rights (“IP Rights”) used to conduct the businesses of the Borrowers and their Restricted Subsidiaries as presently conducted without, to the knowledge of the Borrowers, any infringement
        or misappropriation of the IP Rights of third parties, except to the extent such failure to own or license or have rights to use would not, or where such infringement or misappropriation would not reasonably be expected to have, individually or in
        the aggregate, a Material Adverse Effect.

    Section 3.06          Litigation and Environmental
          Matters.

    (a)          There are no actions, suits or
        proceedings by or before any arbitrator or Governmental Authority pending against or, to the knowledge of the Borrowers, threatened in writing against or affecting the Loan Parties or any of their Restricted Subsidiaries which would reasonably be
        expected, individually or in the aggregate, to result in a Material Adverse Effect.

    (b)          Except for any matters that,
        individually or in the aggregate, would not reasonably be expected to result in a Material Adverse Effect, (i) no Loan Party nor any of its Restricted Subsidiaries is subject to or has received notice of any Environmental Claim or any Environmental
        Liability and (ii) no Loan Party nor any of its Restricted Subsidiaries has failed to comply with any Environmental Law or to obtain, maintain or comply with any permit, license or other approval required under any Environmental Law.

    (c)          Neither any Loan Party nor any of its
        Restricted Subsidiaries has treated, stored, transported or Released any Hazardous Materials on, at or from any currently or formerly operated real estate or facility in a manner that would reasonably be expected to have a Material Adverse Effect.

    Section 3.07          Compliance with Laws. 
        Each of Holdings, each Borrower and each of the Borrowers’ Restricted Subsidiary is in compliance with all Requirements of Law applicable to it or its property, except, in each case where the failure to do so, individually or in the aggregate,
        would not reasonably be expected to result in a Material Adverse Effect.

    
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    Section 3.08          Investment Company Status. 

        No Loan Party is an “investment company” as defined in, or is required to be registered under, the Investment Company Act of 1940.

    Section 3.09          Taxes.  Each of
        Holdings, the Borrowers and each of their Restricted Subsidiaries has timely filed or caused to be filed all Tax returns and reports required to have been filed and has paid or caused to be paid all Taxes required to have been paid by it that are
        due and payable, including in its capacity as a withholding agent, except (a) Taxes that are being contested in good faith by appropriate proceedings and for which such Borrower or such Restricted Subsidiary, as applicable, has set aside on its
        books adequate reserves in accordance with GAAP or (b) to the extent that the failure to do so, individually or in the aggregate, would not reasonably be expected to result in a Material Adverse Effect.

    Section 3.10          ERISA.

    (a)          Each Pension Plan is in compliance in
        form and operation with its terms and with ERISA and the Code and all other applicable laws and regulations, except where any failure to comply would not reasonably be expected to result in a Material Adverse Effect.

    (b)          No ERISA Event has occurred and is
        continuing or is reasonably expected to occur that, when taken together with all other such ERISA Events for which liability is reasonably expected to occur, would reasonably be expected to result in a Material Adverse Effect.

    Section 3.11          Disclosure.

    (a)          As of the Closing Date, all written
        information (other than the Projections, other forward-looking information and information of a general economic or industry-specific nature) concerning the Lead Borrower and its Restricted Subsidiaries and the Transactions and that was included in
        the Information Memorandum or otherwise prepared by or on behalf of the Lead Borrower or its subsidiaries or their respective representatives and made available to any Lender or the Administrative Agent in connection with the Transactions on or
        before the Closing Date, when taken as a whole, did not, when furnished, contain any untrue statement of a material fact or omit to state a material fact necessary in order to make the statements contained therein not materially misleading in light
        of the circumstances under which such statements are made (after giving effect to all supplements and updates thereto from time to time).

    (b)          The Projections have been prepared in
        good faith based upon assumptions believed by the Lead Borrower to be reasonable at the time furnished (it being recognized that such Projections are not to be viewed as facts and are subject to significant uncertainties and contingencies many of
        which are beyond the Lead Borrower’s control, that no assurance can be given that any particular financial projections (including the Projections) will be realized, that actual results may differ from projected results and that such differences may
        be material).

    Section 3.12          Solvency.  As of the
        Closing Date, immediately after the consummation of the Transactions to occur on the Closing Date and the incurrence of indebtedness and obligations on the Closing Date in connection with this Agreement and the other Transactions, (i) the sum of
        the debt (including contingent liabilities) of the Lead Borrower and its Restricted Subsidiaries, taken as a whole, does not exceed the fair value of the assets of the Lead Borrower and its Restricted Subsidiaries, taken as a whole; (ii) the
        present fair saleable value of the assets of the Lead Borrower and its Restricted Subsidiaries, taken as a whole, is not less than the amount that will be required to pay the probable liabilities (including contingent liabilities) of the Lead
        Borrower and its Restricted Subsidiaries, taken as a whole, on their debts as they become absolute and matured; (iii) the capital of the Lead Borrower and its Restricted Subsidiaries, taken as a whole, is not unreasonably small in relation to the
        business of the Lead Borrower and its Restricted Subsidiaries, taken as a whole, contemplated as of the Closing Date; and (iv) the Lead Borrower and its Restricted Subsidiaries, taken as a whole, do not intend to incur, or believe that they will
        incur, debts (including current obligations and contingent liabilities) beyond their ability to pay such debts as they mature in the ordinary course of business.  For the purposes hereof, the amount of any contingent liability at any time shall be
        computed as the amount that, in light of all of the facts and circumstances existing at such time, represents the amount that can reasonably be expected to become an actual or matured liability (irrespective of

    
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    whether such contingent liability meets the criteria for accrual under Statement of Financial Accounting Standards No. 5).

    Section 3.13          Capitalization and
          Subsidiaries.  Schedule 3.13 sets forth, in each case as of the Closing Date, (a) a correct and complete list of the name of each subsidiary of Holdings and the ownership interest therein held by Holdings or its applicable subsidiary,
        and (b) the type of entity of Holdings and each of its subsidiaries.

    Section 3.14          Security Interest in
          Collateral.  Subject to the terms of the last paragraph of Section 4.01, the Legal Reservations, the Perfection Requirements, the provisions of this Agreement and the other relevant Loan Documents, the Collateral Documents create
        legal, valid and enforceable Liens on all of the Collateral in favor of the Administrative Agent, for the benefit of itself and the other Secured Parties, and upon the satisfaction of the Perfection Requirements, such Liens constitute perfected
        Liens (with the priority that such Liens are expressed to have under the relevant Collateral Documents) on the Collateral (to the extent such Liens are required to be perfected under the terms of the Loan Documents) securing the Secured
        Obligations, in each case as and to the extent set forth therein.

    Section 3.15          Labor Disputes.  Except
        as individually or in the aggregate would not reasonably be expected to have a Material Adverse Effect:  (a) there are no strikes, lockouts or slowdowns against the Lead Borrower or any of its Restricted Subsidiaries pending or, to the knowledge of
        the Lead Borrower or any of its Restricted Subsidiaries, threatened and (b) the hours worked by and payments made to employees of the Lead Borrower and its Restricted Subsidiaries have not been in violation of the Fair Labor Standards Act or any
        other applicable Federal, state, local or foreign law dealing with such matters.

    Section 3.16          Federal Reserve Regulations.

    (a)          On the Closing Date, not more than 25%
        of the value of the assets of Holdings, the Lead Borrower and its Restricted Subsidiaries taken as a whole is represented by Margin Stock.

    (b)          None of Holdings, the Borrowers nor any
        of their Restricted Subsidiaries is engaged principally, or as one of its important activities, in the business of extending credit for the purpose of buying or carrying Margin Stock.

    (c)          No part of the proceeds of any Loan or
        any Letter of Credit will be used, whether directly or indirectly, and whether immediately, incidentally or ultimately, for any purpose that results in a violation of the provisions of Regulation T, U or X.

    Section 3.17          Economic and Trade Sanctions
          and Anti-Corruption Laws.

    (a)          (i) None of Holdings and none of the
        Borrowers nor any of their Restricted Subsidiaries nor, to the knowledge of any Borrower, any director, officer, agent, employee or Affiliate of any of the foregoing is (A) a person on the list of “Specially Designated Nationals and Blocked
        Persons” or (B) currently subject to any U.S. sanctions administered by the Office of Foreign Assets Control of the U.S. Treasury Department (“OFAC”) or the U.S. State Department or sanctions administered by
        the United Nations, European Union, the Federal Republic of German or Her Majesty’s Treasury of the United Kingdom; and (ii) no Borrower will directly or, to its knowledge, indirectly, use the proceeds of the Loans or Letters of Credit or otherwise
        make available such proceeds to any Person, for the purpose of financing the activities of any Person currently subject to any U.S. sanctions administered by OFAC or by the U.S. Department of State or sanctions administered by the United Nations,
        European Union, the Federal Republic of German or Her Majesty’s Treasury of the United Kingdom, except to the extent licensed or otherwise not prohibited by OFAC or by the U.S. Department of State or by the United Nations, European Union, the
        Federal Republic of German or Her Majesty’s Treasury of the United Kingdom.

    (b)          To the extent applicable, each Loan
        Party is in compliance in all material respects with (i) each of the foreign assets control regulations of the U.S. Treasury Department (31 CFR, Subtitle B, Chapter V), and any other enabling legislation or executive order relating thereto,
        (ii) the USA PATRIOT Act and (iii) the Sanctions Laws and Regulations.

    
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    (c)          No part of the proceeds of any Loan or
        any Letter of Credit will be used, directly or, to the knowledge of the Borrowers, indirectly, for any payments to any governmental official or employee, political party, official of a political party, candidate for political office, or anyone else
        acting in an official capacity, in order to improperly obtain, retain or direct business or obtain any improper advantage, in violation of the U.S. Foreign Corrupt Practices Act of 1977 (the “FCPA”), the U.K.
        Bribery Act of 2010, as amended, or any other applicable anti-bribery or anti-corruption law.

    (d)          The representations and warranties in
        this Section 3.17 are made only to the extent that they do not result in a violation of or conflict with Section 7 of the German Foreign Trade and Payments Regulation (Außenwirtschaftsverordnung) or Art.
        5(1) of Council Regulation (EC) 2271/96; provided that, to the extent that any person cannot make any of the representations or warranties contained in this paragraph, such person shall be in compliance, in all material respects, with the
        equivalent requirements of law, if any, that are applicable to or binding upon such person or any of its property or to which such person or any of its property is subject in its local jurisdiction.

    Section 3.18          Senior Indebtedness. 
        The Obligations constitute “Senior Indebtedness” (or any comparable term) under and as defined in the documentation governing any Junior Indebtedness.

    Section 3.19          Use of Proceeds.  The
        Borrowers will use the proceeds of the Loans in accordance with Section 5.11.

    Section 3.20          Insurance.  As of the
        Closing Date, the Lead Borrower and its Restricted Subsidiaries have insurance required by Section 5.05 of this Agreement and such insurance is in full force and effect.

    Section 3.21          Central Administration; COMI. 

        After the Closing Date and if applicable and unless otherwise consented to by the Administrative Agent, the German Borrower and the U.K. Borrower each has its central administration (administration centrale)
        and, for the purposes of the European Insolvency Regulation, the center of its main interests (centre des intérêts principaux) at the place of its registered office (siège
          statutaire) in Germany or, as the case may be, England and Wales, and, has no establishment (as defined in the European Insolvency Regulation) outside Germany or, as the case may be, England and Wales.

    ARTICLE 4

      

      CONDITIONS

    Section 4.01          Closing Date.  The
        obligations of (i) any Lender to make Loans and (ii) any Issuing Bank to issue Letters of Credit shall not become effective until the date on which each of the following conditions is satisfied (or waived in accordance with Section 9.02):

    (a)          Credit Agreement and Loan Documents. 

        The Administrative Agent (or its counsel) shall have received from each Loan Party, the Administrative Agent, the Collateral Agent and the Lenders party thereto a counterpart of (A) this Agreement, (B) any Promissory Note requested by a Lender at
        least three Business Days prior to the Closing Date signed on behalf of such party and (C) a Borrowing Request as required by Section 2.03.

    (b)          Legal Opinions.  The
        Administrative Agent shall have received a customary written opinion of Paul Weiss Rifkind Wharton & Garrison LLP, in its capacity as New York special counsel for Holdings, the Borrowers and the Subsidiary Guarantors, dated the Closing Date and
        addressed to the Administrative Agent, the Lenders and each Issuing Bank.

    (c)          [Reserved].

    (d)          Closing Certificates; Certified
          Charters; Good Standing Certificates.  The Administrative Agent shall have received (i) a certificate of each Loan Party, dated the Closing Date and executed by a secretary, assistant secretary or other senior officer (as the case may be)
        thereof, which shall (A) certify that attached thereto is a true and complete copy of the resolutions or written consents of its shareholders, board of directors, board of

    
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    managers, members or other governing body authorizing the execution, delivery and performance of the Loan Documents to which it is a party and, in the
      case of the Lead Borrower, the borrowings hereunder, and that such resolutions or written consents have not been modified, rescinded or amended and are in full force and effect, (B) identify by name and title and bear the signatures of the officers,
      managers, directors or authorized signatories of such Loan Party authorized to sign the Loan Documents to which it is a party on the Closing Date and (C) certify (x) that attached thereto is a true and complete copy of the certificate or articles of
      incorporation or organization (or memorandum of association or other equivalent thereof) of such Loan Party certified by the relevant authority of the jurisdiction of organization of such Loan Party and a true and correct copy of its by-laws or
      operating, management, partnership or similar agreement and (y) that such documents or agreements have not been amended (except as otherwise attached to such certificate and certified therein as being the only amendments thereto as of such date) and
      (ii) a good standing (or equivalent) certificate as of a recent date for such Loan Party from its jurisdiction of organization.

    (e)          Fees.  Prior to or substantially
        concurrently with the Closing Date, the Administrative Agent shall have received (i) all fees required to be paid by the Lead Borrower on the Closing Date pursuant to the Engagement Letter and (ii) all expenses required to be paid by the Lead
        Borrower for which invoices have been presented at least three Business Days prior to the Closing Date or such later date to which the Lead Borrower may agree (including the reasonable fees and expenses of legal counsel), in each case on or before
        the Closing Date, which amounts may be offset against the proceeds of the Loans.

    (f)          Refinancing.  Prior to or
        substantially concurrently with the initial funding of the Loans hereunder, all obligations of the Lead Borrower and its Restricted Subsidiaries under the Existing Credit Agreement will be repaid in accordance with the terms of the applicable
        agreement (the actions described in this Section 4.01(f), the “Refinancing”).

    (g)          Solvency.  The Administrative
        Agent shall have received a certificate dated as of the Closing Date in substantially the form of Exhibit M from the chief financial officer (or other officer with reasonably equivalent responsibilities) of the Lead Borrower certifying as
        to the matters set forth therein.

    (h)          Perfection Certificate.  The
        Administrative Agent shall have received a completed Perfection Certificate dated the Closing Date and signed by a Responsible Officer of the Lead Borrower, together with all attachments contemplated thereby.

    (i)          Pledged Stock; Stock Powers; Pledged
          Notes.  The Administrative Agent (or its bailee) shall have received (i) the certificates representing the Capital Stock required to be pledged pursuant to the Security Agreement, together with an undated stock or similar power for each such
        certificate executed in blank by a duly authorized officer of the pledgor thereof, and (ii) each Material Debt Instrument (if any) endorsed (without recourse) in blank (or accompanied by an executed transfer form in blank) by the pledgor thereof.

    (j)          Filings Registrations and Recordings. 

        Each document (including any UCC (or similar) financing statement) required by any Collateral Document or under law 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 required to be delivered pursuant to such Collateral Document, prior and superior in right to any other Person (other than with respect to Permitted Liens), shall be in proper form for filing, registration or
        recordation.

    (k)          USA PATRIOT Act.  No later than
        three Business Days in advance of the Closing Date, the Administrative Agent shall have received all documentation and other information requested by any Lender in writing with respect to any Loan Party at least ten days in advance of the Closing
        Date, which documentation or other information is required by regulatory authorities under applicable “know your customer” and anti-money laundering rules and regulations, including the USA PATRIOT Act and a certification regarding beneficial
        ownership required by 31 C.F.R. § 1010.230.

    (l)          Officer’s Certificate.  The
        Administrative Agent shall have received a certificate signed by a Responsible Officer or director of the Lead Borrower certifying as of the Closing Date as to the matters set forth in Sections 4.02(b) and 4.02(c).

    
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    For purposes of determining whether the conditions specified in this Section 4.01 have been satisfied on the Closing Date, by funding the Loans
      hereunder, the Administrative Agent and each Lender that has executed this Agreement (or an Assignment and Assumption on the Closing Date) shall be deemed to have consented to, approved or accepted, or to be satisfied with, each document or other
      matter required hereunder to be consented to or approved by or acceptable or satisfactory to the Administrative Agent or such Lender, as the case may be.

    Section 4.02          Each Credit Extension. 
        The obligation of each Lender to make a Credit Extension (which, for the avoidance of doubt, shall not include any Incremental Loans advanced in connection with an acquisition to the extent not otherwise required by the Lenders of such Incremental
        Loans) is subject to the satisfaction of the following conditions:

    (a)          (i) In the case of a Borrowing, the
        Administrative Agent shall have received a Borrowing Request as required by Section 2.03 or (ii) in the case of the issuance of a Letter of Credit, the applicable Issuing Bank and the Administrative Agent shall have received a notice
        requesting the issuance of such Letter of Credit as required by Section 2.05(b).

    (b)          The representations and warranties of
        the Loan Parties set forth in this Agreement and the other Loan Documents shall be true and correct in all material respects (or, if qualified by materiality, in all respects) on and as of the date of any such Credit Extension with the same effect
        as though such representations and warranties had been made on and as of the date of such Credit Extension; provided that to the extent that any representation and warranty specifically refers to a given
        date or period, it shall be true and correct in all material respects (or, if qualified by materiality, in all respects) as of such date or for such period.

    (c)          At the time of and immediately after
        giving effect to the applicable Credit Extension, no Event of Default or Default exists.

    Each Credit Extension after the Closing Date shall be deemed to constitute a representation and warranty by the applicable Borrower on
      the date thereof as to the matters specified in paragraphs (b) and (c) of this Section 4.02.

    ARTICLE 5

      

      AFFIRMATIVE COVENANTS

    From the Closing Date until the date that all the Revolving Credit Commitments and any Additional Commitments have expired or
      terminated and the principal of and interest on each Loan and all fees, expenses and other amounts payable under any Loan Document (other than contingent indemnification obligations for which no claim or demand has been made) have been paid in full
      in Cash and all Letters of Credit have expired or have been terminated (or have been collateralized or back-stopped by a letter of credit or otherwise in a manner reasonably satisfactory to the Administrative Agent and the Issuing Banks) and all LC
      Disbursements have been reimbursed (such date, the “Termination Date”), (i) in the case of Holdings, solely with respect to Sections 5.02, 5.03 and 5.08 and (ii) the Borrowers hereby
      covenant and agree with the Lenders that:

    Section 5.01          Financial Statements and
          Other Reports.  The Lead Borrower will deliver to the Administrative Agent for delivery to each Lender:

    (a)          Quarterly Financial Statements. 
        Within the later of (i) 45 days after the end of each of the first three Fiscal Quarters of each fiscal year and (ii) the date the following statements would have been required to be filed under the rules and regulations of the SEC, giving effect
        to any automatic extension available under Rule 12b-25 of the Securities Exchange Act of 1934 for the filing of such statements, the consolidated balance sheet of the Lead Borrower as at the end of such Fiscal Quarter and the related consolidated
        statements of income and cash flows of the Lead Borrower for such Fiscal Quarter and for the period from the beginning of the then current Fiscal Year to the end of such Fiscal Quarter, and setting forth, in reasonable detail, in comparative form
        the corresponding figures for the corresponding periods of the previous Fiscal Year, all in reasonable detail, together

    
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    with a Responsible Officer Certification with respect thereto and a Narrative Report with respect thereto (it being understood that the delivery by the
      Lead Borrower of quarterly reports on Form 10-Q of the Lead Borrower or any Parent Company of the Lead Borrower shall satisfy the requirements of this Section 5.01(a) to the extent such quarterly reports include the information specified herein);

    (b)          Annual Financial Statements. 
        Within the later of (i) 90 days after the end of each Fiscal Year and (ii) the date the statements would have been required to be filed under the rules and regulations of the SEC, giving effect to any automatic extension available under Rule 12b-25
        of the Securities Exchange Act of 1934 for the filing of such statements, (i) the consolidated balance sheet of the Lead Borrower as at the end of such Fiscal Year and the related consolidated statements of income, stockholders’ equity and cash
        flows of the Lead Borrower for such Fiscal Year and setting forth, in reasonable detail, in comparative form the corresponding figures for the previous Fiscal Year and (ii) with respect to such consolidated financial statements, (A) a report
        thereon of an independent certified public accountant of recognized national standing (which report shall be unqualified as to scope of audit and as to “going concern” other than solely with respect to, or resulting solely from the maturity of any
        Credit Facility occurring within one year from the time of such report), and shall state that such consolidated financial statements fairly present, in all material respects, the consolidated financial position of the Lead Borrower as at the dates
        indicated and its income and cash flows for the periods indicated in conformity with GAAP and (B) a Narrative Report with respect to such Fiscal Year (it being understood that the delivery by the Lead Borrower of annual reports on Form 10-K of the
        Lead Borrower or any Parent Company of the Lead Borrower shall satisfy the requirements of this Section 5.01(b) to the extent such annual reports include the information specified herein);

    (c)          Compliance Certificate.  Together
        with each delivery of financial statements of the Lead Borrower pursuant to Sections 5.01(a) and 5.01(b), (i) a duly executed and completed Compliance Certificate, (A) certifying that no Default or Event of Default exists (or if a
        Default or Event of Default exists, describing in reasonable detail such Default or Event of Default and the steps being taken to cure, remedy or waive the same) and (B) setting forth in reasonable detail calculations necessary for determining
        compliance with Section 6.15(a), and (ii) (A) a summary of the pro forma adjustments necessary to eliminate the accounts of Unrestricted Subsidiaries (if any) from such financial statements and (B) a list identifying each subsidiary of the
        Borrowers as a Restricted Subsidiary or an Unrestricted Subsidiary as of the date of delivery of such Compliance Certificate or confirming that there is no change in such information since the later of the Closing Date and the date of the last such
        list;

    (d)          [Reserved];

    (e)          Notice of Default.  Promptly upon
        any Responsible Officer of the Lead Borrower obtaining knowledge of (i) any Default or Event of Default or (ii) the occurrence of any event or change that has caused or evidences or would reasonably be expected to cause or evidence, either
        individually or in the aggregate, a Material Adverse Effect, a reasonably- detailed notice specifying the nature and period of existence of such condition, event or change and what action the applicable Borrower has taken, is taking and proposes to
        take with respect thereto;

    (f)          Notice of Litigation.  Promptly
        upon any Responsible Officer of the Lead Borrower obtaining knowledge of (i) the institution of, or threat of, any Adverse Proceeding not previously disclosed in writing by the Borrowers, Holdings or its Parent Company to the Administrative Agent,
        or (ii) any material development in any Adverse Proceeding that, in the case of either of clause (i) or (ii), could reasonably be expected to have a Material Adverse Effect, written notice thereof from the Lead Borrower;

    (g)          ERISA.  Promptly upon any
        Responsible Officer of the Lead Borrower becoming aware of the occurrence of any ERISA Event that would reasonably be expected to have a Material Adverse Effect, a written notice specifying the nature thereof;

    (h)          [Reserved];

    (i)          Information Regarding Collateral. 

        Prompt (and in any event, within 45 days of the relevant change or such longer period as consented by the Administrative Agent in its sole discretion) written notice of any change (i) in any Loan Party’s legal name, (ii) in any Loan Party’s type of
        organization, (iii) in any Loan Party’s jurisdiction of organization or (iv) in any Loan Party’s organizational identification number, in each case to

    
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    the extent such information is necessary to enable the Administrative Agent to perfect or maintain the perfection and priority of its security interest
      in the Collateral of the relevant Loan Party, together with a certified copy of the applicable Organizational Document reflecting the relevant change;

    (j)          Annual Collateral Verification. 
        Together with the delivery of each Compliance Certificate provided with the financial statements required to be delivered pursuant to Section 5.01(b), a Perfection Certificate Supplement.

    (k)          Certain Reports.  Promptly upon
        their becoming available and without duplication of any obligations with respect to any such information that is otherwise required to be delivered under the provisions of any Loan Document, copies of, or links to copies of, all regular and
        periodic reports and all registration statements (other than on Form S-8 or a similar form) and prospectuses, if any, filed by the Lead Borrower, Holdings or its applicable Parent Company with any securities exchange or with the SEC or any
        analogous governmental or private regulatory authority with jurisdiction over matters relating to securities; and

    (l)          Other Information.  Such other
        certificates, reports and information (financial or otherwise) as the Administrative Agent may reasonably request from time to time in connection with the financial condition or business of the Borrowers and their Restricted Subsidiaries.

    Documents required to be delivered pursuant to this Section 5.01 may be delivered electronically and if so delivered, shall be
      deemed to have been delivered on the date (i) on which such documents are delivered by the Lead Borrower to the Administrative Agent for posting on behalf of the Lead Borrower on Intralinks, SyndTrak or another relevant 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); (ii) on which executed certificates or other documents are faxed to the Administrative Agent (or
      electronically mailed to an address provided by the Administrative Agent); or (iii) in respect of the items required to be delivered pursuant to Section 5.01(k) in respect of information filed by the Lead Borrower or its direct or indirect
      Parent Company with any securities exchange or with the SEC or any analogous governmental or private regulatory authority with jurisdiction over matters relating to securities (other than Form 10-Q reports and Form 10-K reports described in Sections 5.01(a)
      and (b), respectively), on which such items have been made available on the SEC website or the website of the relevant analogous governmental or private regulatory authority or securities exchange.

    Notwithstanding the foregoing, the obligations in paragraphs (a) and (b) of this Section 5.01 may be satisfied
      with respect to any financial statements of the Lead Borrower, at the option of the Lead Borrower, by furnishing (A) the applicable financial statements of any Parent Company of the Lead Borrower or (B) any other Parent Company’s, as applicable,
      Form 10-K or 10-Q, as applicable, filed with the SEC or any securities exchange, in each case, within the time periods specified in such paragraphs; provided that, with respect to each of clauses (A)
      and (B), (i) to the extent such financial statements relate to any Parent Company, such financial statements shall be accompanied by consolidating information that summarizes in reasonable detail any material differences between the
      information relating to such Parent Company, on the one hand, and the information relating to Lead Borrower on a standalone basis, on the other hand (it being understood that consolidating information consistent with the presentation in Note 19 to
      Holdings’ financial statements included in its S-4 (registration statement 333-192634) shall be deemed to satisfy the foregoing requirement for consolidating information) and (ii) to the extent such statements are in lieu of statements required to be
      provided under Section 5.01(b), such statements shall be accompanied by a report and opinion of an independent registered public accounting firm of nationally recognized standing, which report and opinion shall satisfy the applicable
      requirements set forth in Section 5.01(b).

    The Lead Borrower hereby acknowledges that (a) the Administrative Agent and/or the Arrangers will make available to the Lenders and
      the Issuing Banks materials and/or information provided by or on behalf of the Lead Borrower hereunder (collectively, “Borrower Materials”) by posting the Borrower Materials on Syndtrak or another similar
      electronic system (the “Platform”) and (b) certain of the Lenders (each, a “Public Lender”) may have personnel who do not wish to receive material non-public information
      with respect to the Lead Borrower or its Affiliates, or the respective securities of any of the foregoing, and who may be engaged in investment and other market-related activities with respect to such Persons’ securities. The Lead Borrower hereby
      agrees that it will use commercially reasonable efforts to identify that portion of the Borrower Materials that may be distributed to the Public Lenders and that (w) all such Borrower Materials shall be clearly and conspicuously marked “PUBLIC”

    
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    which, at a minimum, shall mean that the word “PUBLIC” shall appear prominently on the first page thereof; (x) by marking Borrower Materials “PUBLIC,”
      the Lead Borrower shall be deemed to have authorized the Administrative Agent, the Arrangers, the Issuing Banks and the Lenders to treat such Borrower Materials as not containing any material non-public information (although it may be sensitive and
      proprietary) with respect to the Lead Borrower or its Affiliates or any of their respective securities for purposes of United States federal and state securities laws (provided, however, that to the extent such Borrower Materials constitute Confidential Information, they shall be treated as set forth in Section 9.13); (y) all Borrower Materials marked “PUBLIC” are permitted to be made available
      through a portion of the Platform designated “Public Side Information”; and (z) the Administrative Agent and the Arrangers shall be entitled to treat any Borrower Materials that are not marked “PUBLIC” as being suitable only for posting on a portion
      of the Platform not designated “Public Side Information”.

    Section 5.02          Existence.  Except as
        otherwise permitted under Section 6.07, Holdings and the Borrowers will, and Borrowers will cause each of their Restricted Subsidiaries to, at all times preserve and keep in full force and effect its existence and all rights, franchises,
        licenses and permits material to its business except, other than with respect to the preservation of the existence of the Borrowers, to the extent that the failure to do so could not reasonably be expected to result in a Material Adverse Effect; provided that neither Holdings nor the Borrowers nor any of the Borrowers’ Restricted Subsidiaries shall be required to preserve any such existence (other than with respect to the preservation of existence of
        the Borrowers), right, franchise, license or permit if a Responsible Officer of such Person or such Person’s board of directors (or similar governing body) determines that the preservation thereof is no longer desirable in the conduct of the
        business of such Person, and that the loss thereof is not disadvantageous in any material respect to such Person or to the Lenders.

    Section 5.03          Payment of Taxes. 
        Holdings and the Borrowers will, and will cause each of their Restricted Subsidiaries to, pay all Taxes imposed upon it or any of its properties or assets or in respect of any of its income or businesses or franchises before any penalty or fine
        accrues thereon; provided that no such Tax need be paid if (a) it is being contested in good faith by appropriate proceedings promptly instituted and diligently conducted, so long as (i) adequate reserves
        or other appropriate provisions, as are required in conformity with GAAP, have been made therefor, and (ii) in the case of a Tax which has or may become a Lien against any of the Collateral, such contest proceedings conclusively operate to stay the
        sale of any portion of the Collateral to satisfy such Tax or (b) failure to pay or discharge the same could not reasonably be expected to result in a Material Adverse Effect.

    Section 5.04          Maintenance of Properties. 

        The Borrowers will, and will cause each of their Restricted Subsidiaries to, maintain or cause to be maintained in good repair, working order and condition, ordinary wear and tear and casualty and condemnation excepted, all property reasonably
        necessary to the normal conduct of business of the Borrowers and their Restricted Subsidiaries and from time to time will make or cause to be made all needed and appropriate repairs, renewals and replacements thereof except as expressly permitted
        by this Agreement or where the failure to maintain such properties or make such repairs, renewals or replacements could not reasonably be expected to have a Material Adverse Effect.

    Section 5.05          Insurance.  Except where
        the failure to do so would not reasonably be expected to have a Material Adverse Effect, the Borrowers will maintain or cause to be maintained, with financially sound and reputable insurers, such insurance coverage with respect to liabilities,
        losses or damage in respect of the assets, properties and businesses of the Borrowers and their Restricted Subsidiaries as may customarily be carried or maintained under similar circumstances by Persons of established reputation engaged in similar
        businesses, in each case in such amounts (giving effect to self-insurance), with such deductibles, covering such risks and otherwise on such terms and conditions as shall be customary for such Persons, including flood insurance with respect to each
        Flood Hazard Property, in each case in compliance with the Flood Insurance Laws (where applicable).  Each such policy of insurance covering any Collateral shall (i) name the Administrative Agent on behalf of the Lenders as an additional insured
        thereunder as its interests may appear and (ii) to the extent available from the relevant insurance carrier, in the case of each casualty insurance policy (excluding any business interruption insurance policy), contain a loss payable clause or
        endorsement that names the Administrative Agent, on behalf of the Lenders as the loss payee thereunder and, to the extent available, provide for at least 30 days’ prior written notice to the Administrative Agent of any modification or cancellation
        of such policy (or 10 days’ prior written notice in the case of the failure to pay any premiums thereunder).

    
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    Section 5.06          Inspections.  The
        Borrowers will, and will cause each of their Restricted Subsidiaries to, permit any authorized representative designated by the Administrative Agent to visit and inspect any of the properties of the Borrowers and any of their Restricted
        Subsidiaries at which the principal financial records and executive officers of the applicable Person are located, to inspect, copy and take extracts from its and their respective financial and accounting records, and to discuss its and their
        respective affairs, finances and accounts with its and their Responsible Officers and independent public accountants (provided that each of the Borrowers (or any of their subsidiaries) may, if it so
        chooses, be present at or participate in any such discussion), all upon reasonable notice and at reasonable times during normal business hours; provided that, excluding such visits and inspections during
        the continuation of an Event of Default, (x) only the Administrative Agent on behalf of the Lenders may exercise the rights of the Administrative Agent and the Lenders under this Section 5.06, (y) the Administrative Agent shall not exercise
        such rights more often than one time during any calendar year and (z) only one such time per calendar year shall be at the expense of the Borrowers; provided, further,
        that when an Event of Default exists, the Administrative Agent (or any of its representatives or independent contractors) may do any of the foregoing at the expense of the Borrowers at any time during normal business hours and upon reasonable
        advance notice; provided, further that, notwithstanding anything to the contrary herein, neither the Borrowers nor any Restricted Subsidiary shall be required to
        disclose, permit the inspection, examination or making of copies of or taking abstracts from, or discuss any document, information, or other matter (i) that constitutes non-financial trade secrets or non-financial proprietary information of the
        Borrowers and their subsidiaries and/or any of its customers and/or suppliers, (ii) in respect of which disclosure to the Administrative Agent or any Lender (or any of their respective representatives or contractors) is prohibited by applicable law
        or (iii) that is subject to attorney-client or similar privilege or constitutes attorney work product.

    Section 5.07          Maintenance of Book and
          Records.  The Borrowers will, and will cause their Restricted Subsidiaries to maintain all financial records in accordance with GAAP.

    Section 5.08          Compliance with Laws. 
        Holdings and the Borrowers will, and will cause each of their Restricted Subsidiaries to, comply with the requirements of (i) the Sanctions Laws and Regulations, the FCPA, the U.K. Bribery Act of 2010, as amended, and any other applicable
        anti-bribery or anti-corruption law and (ii) all applicable laws, rules, regulations and orders of any Governmental Authority (including ERISA, all Environmental Laws and the USA PATRIOT Act), except, in the case of clause (ii), to the
        extent the failure to so comply could not reasonably be expected to have a Material Adverse Effect.  The covenants in this paragraph are made only to the extent that they do not result in a violation of or conflict with Section 7 of the German
        Foreign Trade and Payments Regulation (Außenwirtschaftsverordnung) or Art. 5(1) of Council Regulation (EC) 2271/96; provided that, to the extent that any person cannot make any of the covenants contained in
        this paragraph, such person shall be in compliance, in all material respects, with the equivalent requirements of law, if any, that are applicable to or binding upon such person or any of its property or to which such person or any of its property
        is subject in its local jurisdiction.

    Section 5.09          Environmental.

    (a)          Hazardous Materials Activities, Etc. 

        The Borrowers will, and will cause each of their Restricted Subsidiaries to promptly take, any and all actions necessary to (i) cure any violation of applicable Environmental Laws by the Borrowers or their Restricted Subsidiaries, and address with
        any corrective or remedial action required by Environmental Law any Release or threatened Release of Hazardous Materials at or from any Facility, in each case, that would reasonably be expected to have a Material Adverse Effect and (ii) make an
        appropriate response to any Environmental Claim against the Borrowers or any of their Restricted Subsidiaries and discharge any obligations it may have to any Person thereunder, in each case, where failure to do so would reasonably be expected to
        have, individually or in the aggregate, a Material Adverse Effect.

    Section 5.10          Designation of Subsidiaries. 

        The Lead Borrower may at any time after the Closing Date designate (or redesignate) any subsidiary as an Unrestricted Subsidiary or any Unrestricted Subsidiary as a Restricted Subsidiary; provided that
        (i) immediately before and after such designation, no Default or Event of Default exists (including after giving effect to the reclassification of Investments in, Indebtedness of and Liens on the assets of, the applicable Restricted Subsidiary or
        Unrestricted Subsidiary), (ii) no Borrower may be designated as an Unrestricted Subsidiary, (iii) as of the date of the designation thereof, no Unrestricted Subsidiary shall own any Capital Stock in any Restricted Subsidiary of any Borrower or hold
        any Indebtedness of or any Lien on any property

    
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    of any Borrower or their Restricted Subsidiaries, (iv) no subsidiary may be designated as an Unrestricted Subsidiary hereunder if it is a Restricted
      Subsidiary that Guarantees any Incremental Facilities, Incremental Equivalent Debt, Indebtedness permitted under Section 6.01(w), any senior Indebtedness or Junior Lien Indebtedness and (v) no subsidiary may be designated as an Unrestricted
      Subsidiary if it owns material intellectual property at the time of designation.  The designation of any subsidiary as an Unrestricted Subsidiary shall constitute an Investment by the Borrowers therein at the date of designation in an amount equal to
      the portion of the fair market value of the net assets of such Restricted Subsidiary attributable to the applicable Borrower’s equity interest therein as reasonably estimated by the applicable Borrower (and such designation shall only be permitted to
      the extent such Investment is permitted under Section 6.06).  The designation of any Unrestricted Subsidiary as a Restricted Subsidiary shall constitute the incurrence or making, as applicable, at the time of designation of any then-existing
      Investment, Indebtedness or Lien of such Restricted Subsidiary, as applicable; provided that upon a re-designation of any Unrestricted Subsidiary as a Restricted Subsidiary, the applicable Borrower shall be
      deemed to continue to have an Investment in the resulting Restricted Subsidiary in an amount (if positive) equal to (a) the Borrower’s “Investment” in such Restricted Subsidiary at the time of such re-designation, less

      (b) the portion of the fair market value of the net assets of such Restricted Subsidiary attributable to the Borrower’s equity therein at the time of such re-designation.  As of the Closing Date, the
      subsidiaries listed on Schedule 5.10 have been designated as Unrestricted Subsidiaries.

    Section 5.11          Use of Proceeds.  The
        Borrowers shall use the proceeds of the Revolving Loans and any Ancillary Facility, to finance the working capital needs and other general corporate purposes of the Borrowers and their subsidiaries (including for capital expenditures, acquisitions,
        working capital and/or purchase price adjustments, the payment of any transaction costs, fees and expenses (in each case, including the Transaction Costs), other Investments, Restricted Payments and any other purpose not prohibited by the terms of
        the Loan Documents).  No part of the proceeds of any Loan will be used, whether directly or indirectly, for any purpose that would entail a violation of Regulation T, U or X.

    Section 5.12          Covenant to Guarantee
          Obligations and Give Security.

    (a)          Upon (i) the formation or acquisition
        after the Closing Date of any Restricted Subsidiary that is a Domestic Subsidiary that is not an Immaterial Subsidiary, (ii) the designation of any Unrestricted Subsidiary that is a Domestic Subsidiary as a Restricted Subsidiary, (iii) any
        Restricted Subsidiary that is a Domestic Subsidiary ceasing to be an Immaterial Subsidiary or (iv) any Restricted Subsidiary that is an Immaterial Subsidiary ceasing to be an Excluded Subsidiary, (x) if the event giving rise to the obligation under
        this Section 5.12(a) occurs during the first three Fiscal Quarters of any Fiscal Year, on or before the date on which financial statements are required to be delivered pursuant to Section 5.01(a) for the Fiscal Quarter in which the
        relevant formation, acquisition, designation or cessation occurred or (y) if the event giving rise to the obligation under this Section 5.12(a) occurs during the fourth Fiscal Quarter of any Fiscal Year, on or before the date that
        is 60 days after the end of such Fiscal Quarter (or, in the cases of clauses (x) and (y), such longer period as the Administrative Agent may reasonably agree), each Borrower shall (A) cause such Restricted Subsidiary (other than any
        Excluded Subsidiary) to comply with the requirements set forth in clause (a) of the definition of “Collateral and Guarantee Requirement” and (B) upon the reasonable request of the Administrative Agent, cause the relevant Restricted
        Subsidiary to deliver to the Administrative Agent a signed copy of a customary opinion of counsel for such Restricted Subsidiary, addressed to the Administrative Agent and the other relevant Secured Parties.

    (b)          Within 90 days after the acquisition by
        any Loan Party of any Material Real Estate Asset other than any Excluded Asset (or such longer period as the Administrative Agent may reasonably agree), each Borrower shall cause such Loan Party to comply with the requirements set forth in clause (b)
        of the definition of “Collateral and Guarantee Requirement”, it being understood and agreed that, with respect to any Material Real Estate Asset owned by any Restricted Subsidiary at the time such Restricted Subsidiary is required to become a Loan
        Party under Section 5.12(a), such Material Real Estate Asset shall be deemed to have been acquired by such Restricted Subsidiary on the first day of the time period within which such Restricted Subsidiary is required to become a Loan Party
        under Section 5.12(a).

    Notwithstanding anything to the contrary herein or in any other Loan Document, (i) the Administrative Agent may grant extensions of
      time for the creation and perfection of security interests in, or obtaining of title insurance, legal opinions, surveys or other deliverables with respect to, particular assets or the

    
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    provision of any Loan Guaranty by any Restricted Subsidiary (in connection with assets acquired, or Restricted Subsidiaries formed or acquired, after the
      Closing Date) where it reasonably determines, in consultation with the Lead Borrower, that such action cannot be accomplished without undue effort or expense by the time or times at which it would otherwise be required to be accomplished by this
      Agreement or the Collateral Documents, and each Lender hereby consents to any such extension of time, (ii) any Lien required to be granted from time to time pursuant to the definition of “Collateral and Guarantee Requirement” shall be subject to the
      exceptions and limitations set forth in the Collateral Documents, (iii) perfection by control shall not be required with respect to assets requiring perfection through control agreements or other control arrangements, including deposit accounts,
      securities accounts and commodities accounts (other than control of pledged Capital Stock and/or Material Debt Instruments), (iv) no Loan Party shall be required to seek any landlord lien waiver, bailee letter, estoppel, warehouseman waiver or other
      collateral access or similar letter or agreement, and notices shall not be required to be sent to account debtors or other contractual third parties; (v) no Loan Party that is a Domestic Subsidiary will be required to (1) take any action outside of
      the U.S. to perfect any security interest in any asset located outside of the U.S. or (2) execute any foreign law security agreement, pledge agreement, mortgage, deed or charge (except, where the Lead Borrower and the Administrative Agent otherwise
      agree, in respect of security over the equity interests that a Grantor (as defined in the Security Agreement) holds in a subsidiary incorporated in a different jurisdiction); (vi) in no event will the Collateral include any Excluded Assets, (vii) no
      action shall be required to perfect any Lien with respect to (x) any motor vehicles and other assets subject to certificates of title or ownership, including, without limitation, aircraft, airframes, aircraft engines or helicopters, or any equipment
      or other assets constituting a part thereof, in each case to the extent subject to Federal Aviation Act registration requirements (or equivalent applicable foreign law), and rolling stock and/or (y) Letters of Credit and Letter-of-Credit Rights not
      in excess of $15,0000,000 to the extent that a security interest therein cannot be perfected by filing a Form UCC-1 (or similar) financing statement and (viii) the Administrative Agent shall not require the taking of a Lien on, or require the
      perfection of any Lien granted in, those assets as to which the cost of obtaining or perfecting such Lien (including any mortgage, stamp, intangibles or other tax or expenses relating to such Lien) is excessive in relation to the benefit to the
      Lenders of the security afforded thereby as reasonably determined by the Lead Borrower and the Administrative Agent.

    (c)          Notwithstanding any of the foregoing,
        for the avoidance of doubt, in no event shall an Excluded Subsidiary guarantee the Loan of a U.S. Borrower.

    Section 5.13          Maintenance of Ratings. 
        The Lead Borrower will use commercially reasonable efforts to maintain public corporate credit facility ratings for the Credit Facilities from each of S&P and Moody’s and a public corporate family rating from Moody’s and a public corporate
        rating from S&P, in each case in respect of the Lead Borrower; provided that in no event shall the Lead Borrower be required to maintain any specific rating with any such agency.

    Section 5.14          [Reserved].

    Section 5.15          Further Assurances. 
        Promptly upon request of the Administrative Agent and subject to the limitations described in Section 5.12:

    (a)          The Borrowers will, and will cause each
        other Loan Party to, execute any and all further documents, financing statements, agreements, instruments, certificates, notices and acknowledgments and take all such further actions (including the filing and recordation of financing statements,
        Mortgages and/or amendments thereto and other documents), that may be required under any applicable law and which the Administrative Agent may request to ensure the creation, perfection and priority of the Liens created or intended to be created
        under the Collateral Documents, all at the expense of the relevant Loan Parties.

    (b)          The Borrowers will, and will cause each
        other Loan Party to, (i) correct any material defect or error that may be discovered in the execution, acknowledgment, filing or recordation of any Collateral Document or other document or instrument relating to any Collateral and (ii) do, execute,
        acknowledge, deliver, record, re-record, file, re-file, register and re- register any and all such further acts (including notices to third parties), deeds, certificates, assurances and other instruments as the Administrative Agent may reasonably
        request from time to time in order to carry out more effectively the purposes of the Collateral Documents.

    
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    Section 5.16          Closing Date Post-Closing
          Deliverables.  The Lead Borrower will, and will cause each Subsidiary Guarantor to, comply with the requirements set forth on Schedule 5.16.

    ARTICLE 6

      

      NEGATIVE COVENANTS

    From the Closing Date and until the Termination Date has occurred, (i) in the case of Holdings, solely with respect to Section 6.14
      and (ii) the Borrowers covenant and agree with the Lenders that:

    Section 6.01          Indebtedness.  The
        Borrowers shall not, nor shall they permit any of their Restricted Subsidiaries to, directly or indirectly, create, incur, assume or otherwise become or remain liable with respect to any Indebtedness, except:

    (a)          the Secured Obligations (including any
        Additional Revolving Loans and any Incremental Term Loans);

    (b)          Indebtedness of the Borrowers to
        Holdings and/or any Restricted Subsidiary and/or of any Restricted Subsidiary to Holdings and/or the Borrowers or any other Restricted Subsidiary; provided that in the case of any Indebtedness of any
        Restricted Subsidiary that is not a Loan Party owing to a Loan Party, such Indebtedness shall be permitted as an Investment by Section 6.06; provided, further,
        that any Indebtedness of any Loan Party to any Restricted Subsidiary that is not a Loan Party must be expressly subordinated to the Obligations of such Loan Party on terms that are reasonably acceptable to the Administrative Agent;

    (c)          any Indebtedness of Restricted
        Subsidiaries that are not Loan Parties owing to a Loan Party on the Closing Date;

    (d)          Indebtedness arising from any agreement
        providing for indemnification, adjustment of purchase price or similar obligations (including contingent earn-out obligations) incurred in connection with any Disposition permitted hereunder, any acquisition permitted hereunder or consummated prior
        to the Closing Date or any other purchase of assets or Capital Stock, and Indebtedness arising from guaranties, letters of credit, bank guaranties, surety bonds, performance bonds or similar instruments securing the performance of the Borrowers or
        any such Restricted Subsidiary pursuant to any such agreement;

    (e)          Indebtedness of the Borrowers and/or any
        Restricted Subsidiary (i) pursuant to tenders, statutory obligations, bids, leases, governmental contracts, trade contracts, surety, stay, customs, appeal, performance, completion and/or return of money bonds or other similar obligations incurred
        in the ordinary course of business, in connection with the enforcement of rights or claims of the Borrowers or the Subsidiaries, or in connection with judgments that have not resulted in an Event of Default under Section 7.01(h); and
        (ii) in respect of letters of credit, bank guaranties, surety bonds, performance bonds or similar instruments to support any of the foregoing items;

    (f)          Indebtedness of the Borrowers and/or any
        Restricted Subsidiary in respect of commercial credit cards, stored value cards, purchasing cards, treasury management services, netting services, overdraft protections, check drawing services, automated payment services (including depository,
        overdraft, controlled disbursement, ACH transactions, return items and interstate depository network services), employee credit card programs, cash pooling services and any arrangements or services similar to any of the foregoing and/or otherwise
        in connection with cash management and Deposit Accounts, including Banking Services Obligations and dealer incentive, supplier finance or similar programs;

    (g)          (i) guaranties by the Borrowers and/or
        any Restricted Subsidiary of the obligations of suppliers, customers and licensees in the ordinary course of business, (ii) Indebtedness incurred in the ordinary course of business in respect of obligations of the Borrowers and/or any Restricted
        Subsidiary to pay the deferred purchase price of goods or services or progress payments in connection with such goods and services and

    
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     (iii) Indebtedness in respect of letters of credit, bankers’ acceptances, bank guaranties or similar instruments supporting trade payables, warehouse
      receipts or similar facilities entered into in the ordinary course of business;

    (h)          (i) Guarantees by the Borrowers and/or
        any Restricted Subsidiary of Indebtedness or other obligations of the Borrowers, any Restricted Subsidiary and/or any joint venture with respect to Indebtedness otherwise permitted to be incurred pursuant to this Section 6.01 or other
        obligations not prohibited by this Agreement; provided that in the case of any Guarantee by any Loan Party of the obligations of any non-Loan Party, the related Investment is permitted under Section 6.06
        and/or (ii) Guarantees resulting from endorsement of negotiable instruments in the ordinary course of business;

    (i)          Indebtedness of the Borrowers and/or any
        Restricted Subsidiary existing, or pursuant to commitments existing, on the Closing Date and described on Schedule 6.01;

    (j)          (i) Indebtedness of Restricted
        Subsidiaries that are not Loan Parties; provided that the aggregate outstanding principal amount of such Indebtedness shall not exceed the greater of $125,000,000 and 20% of Consolidated Adjusted EBITDA as
        of the last day of the most recently ended Test Period and/or (ii) Indebtedness of any Person that becomes a Restricted Subsidiary after the Closing Date; provided that (A) such Indebtedness exists at the
        time such Persons becomes a Subsidiary and is not created in contemplation of or in connection with such Person becoming a Restricted Subsidiary, (B) neither the Lead Borrower nor any of its respective Restricted Subsidiaries (other than such
        Person) shall have any liability or other obligation with respect to such Indebtedness and (C) immediately after such Person becomes a Restricted Subsidiary, no Default or Event of Default shall have occurred and be continuing;

    (k)          Indebtedness of the Borrowers and/or any
        Restricted Subsidiary consisting of obligations owing under incentive, supply, license or similar agreements entered into in the ordinary course of business;

    (l)          Indebtedness of the Borrowers and/or any
        Restricted Subsidiary consisting of (i) the financing of insurance premiums, (ii) take-or-pay obligations contained in supply arrangements, in each case, in the ordinary course of business and/or (iii) obligations to reacquire assets or inventory
        in connection with customer financing arrangements in the ordinary course of business;

    (m)          Indebtedness of the Borrowers and/or any
        Restricted Subsidiary (including Capital Leases, mortgage financings or purchase money obligations), incurred after the Closing Date for the purpose of financing or reimbursing all or any part of the purchase price or cost of the acquisition,
        development, construction, purchase, lease, repair, replacement, installation, addition or improvement of property (real or personal), plant, equipment or other fixed or capital assets that are used or useful by such Person, whether through the
        direct purchase of assets or the purchase of equity interests of any Person owning such assets (in each case, incurred within 365 days of such acquisition, development, construction, purchase, lease, repair, addition or improvement) in an aggregate
        outstanding principal amount not to exceed the greater of $175,000,000 and 30% of Consolidated Adjusted EBITDA as of the last day of the most recently ended Test Period;

    (n)          Indebtedness incurred by Foreign
        Subsidiaries that are Restricted Subsidiaries in an aggregate principal amount not exceeding $600,000,000 minus (A) the amount of Indebtedness incurred by Restricted Subsidiaries that are not Loan Parties
        in reliance on Section 6.01(q), minus (B) the amount of Indebtedness incurred by Restricted Subsidiaries that are not Loan Parties in reliance on Section 6.01(w) and minus (C) the amount of Indebtedness incurred by Non-U.S. Borrowers in reliance on Section 6.01(z);

    (o)          Indebtedness consisting of promissory
        notes issued by the Borrowers or any Restricted Subsidiary to any stockholder of any Parent Company or any current or former director, officer, employee, member of management, manager, advisor or consultant of any Parent Company, the Borrowers or
        any subsidiary (or their respective Immediate Family Members) to finance the purchase or redemption of Capital Stock of any Parent Company, the Borrowers or any subsidiary or any of their respective Affiliates permitted by Section 6.04(a);

    (p)          the Borrowers and their Restricted
        Subsidiaries may become and remain liable for any Indebtedness refinancing, refunding or replacing any Indebtedness permitted under clauses (a), (c), (i), (j), (m), (n),

    
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     (q), (r), (t), (u), (w), (y) and (z) of this Section 6.01 (in any case, including any
      refinancing Indebtedness incurred in respect thereof, “Refinancing Indebtedness”) and any subsequent Refinancing Indebtedness in respect thereof; provided that (i) the
      principal amount of such Indebtedness does not exceed the principal amount of the Indebtedness being refinanced, refunded or replaced, except by (A) an amount equal to unpaid accrued interest and premiums (including tender premiums) thereon plus underwriting discounts, other reasonable and customary fees, commissions and expenses (including upfront fees, original issue discount or initial yield payments) incurred in connection with the relevant
      refinancing, refunding or replacement, (B) an amount equal to any existing commitments unutilized thereunder and (C) additional amounts permitted to be incurred pursuant to this Section 6.01 (provided that

      (1) any additional Indebtedness referenced in this clause (C) satisfies the other applicable requirements of this definition (with additional amounts incurred in reliance on this clause (C) constituting a utilization of the relevant
      basket or exception under Section 6.01 pursuant to which such additional amount is permitted) and (2) if such additional Indebtedness is secured, the Lien securing such Indebtedness satisfies the applicable requirements of Section 6.02
      and constitutes a utilization of the relevant basket or exception), (ii) other than in the case of Refinancing Indebtedness with respect to clause (i), (m), (t) or (u), (A) such Indebtedness has a final maturity on or
      later than (and, in the case of revolving Indebtedness, does not require mandatory commitment reductions, if any, prior to) the final maturity of the Indebtedness being refinanced, refunded or replaced (with customary exceptions for bridge
      financings) and (B) other than with respect to revolving Indebtedness, a Weighted Average Life to Maturity equal to or greater than the Weighted Average Life to Maturity of the Indebtedness being refinanced, refunded or replaced (with customary
      exceptions for bridge financings), (iii) the terms of any Refinancing Indebtedness with an original principal amount in excess of the Threshold Amount (excluding pricing, fees, premiums, rate floors, optional prepayment or redemption terms (and, if
      applicable, subordination terms) and, with respect to Refinancing Indebtedness incurred in respect of Indebtedness permitted under clause (a) above, security), are, taken as a whole (as reasonably determined by the Lead Borrower), not
      materially less favorable to the Borrowers and their Restricted Subsidiaries (excluding any covenants or any other provisions applicable only to periods after the Latest Maturity Date as of such date or any covenants or provisions which are
      then-current market terms for the applicable type of Indebtedness); it being agreed that the applicable Borrower shall have the right to unilaterally provide the existing Lenders with additional rights and benefits (such rights and benefits “Additional Rights”) and the “not materially less favorable” requirement of this clause (iii) and compliance therewith shall be determined after giving effect to such Additional Rights, (iv) in the case of
      Refinancing Indebtedness with respect to Indebtedness permitted under clauses (j), (m), (t), (u), (w) (solely as it relates to clause (1) of the proviso thereto) and (y) of this Section 6.01,
      the incurrence thereof shall be without duplication of any amounts outstanding in reliance on the relevant clause, (v) except in the case of Refinancing Indebtedness incurred in respect of Indebtedness permitted under clause (a) of this Section 6.01
      (it being understood that Holdings may not be the primary obligor of the applicable Refinancing Indebtedness if Holdings was not the primary obligor on the relevant refinanced Indebtedness), (A) such Indebtedness is secured only by Permitted Liens
      securing the Indebtedness being refinanced, refunded or replaced at the time of such refinancing, refunding or replacement (it being understood that secured Indebtedness may be refinanced with unsecured Indebtedness), (B) such Indebtedness is
      incurred by the obligors in respect of the Indebtedness being refinanced, refunded or replaced, except to the extent otherwise permitted pursuant to Section 6.01 and (C) if the Indebtedness being refinanced, refunded or replaced was
      originally contractually subordinated to the Obligations in right of payment (or the Liens securing such Indebtedness were originally contractually subordinated to the Liens on the Collateral securing the Secured Obligations), such Indebtedness is
      contractually subordinated to the Obligations in right of payment (or the Liens securing such Indebtedness are subordinated to the Liens on the Collateral securing the Secured Obligations) on terms not materially less favorable (as reasonably
      determined by the Lead Borrower), taken as a whole, to the Lenders than those applicable to the Indebtedness (or Liens, as applicable) being refinanced, refunded or replaced, taken as a whole, (vi) except in the case of Refinancing Indebtedness with
      respect to clause (a) of this Section 6.01, as of the date of the incurrence of such Indebtedness and after giving effect thereto, no Event of Default exists, (vii) in the case of Refinancing Indebtedness incurred in respect of
      Indebtedness permitted under clause (a) of this Section 6.01, (A) such Refinancing Indebtedness is pari passu or junior in right of payment and

    
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    secured by the Collateral on a pari passu or junior basis with respect to the remaining Obligations hereunder,
      or is unsecured; provided that any such Refinancing Indebtedness that is pari passu or junior with respect to the Collateral shall be subject to a Permitted Pari
      Passu Intercreditor Agreement or a Permitted Junior Intercreditor Agreement, as applicable and in the case of any such Indebtedness in the form of secured notes that are pari passu with the remaining
      Obligations under this Agreement incurred or guaranteed by a Loan Party organized outside of the United States, subject to equalization agreements to be agreed by the Lead Borrower and the Administrative Agent; provided,

        further, that, in the case of any such Refinancing Indebtedness that is unsecured and incurred or guaranteed by a Loan Party organized outside of the United States, subject to customary market intercreditor agreements to be agreed by the
      Lead Borrower and the Administrative Agent, (B) if the Indebtedness being refinanced, refunded or replaced is secured, it is not secured by any assets other than the Collateral, (C) if the Indebtedness being refinanced, refunded or replaced is
      Guaranteed, it shall not be Guaranteed by any Person other than a Loan Party, (D) such Refinancing Indebtedness shall be incurred under (and pursuant to) documentation other than this Agreement to the extent that such Indebtedness (x) is secured by
      the Collateral on a pari passu basis in the form of secured notes or (y) is secured by the Collateral on a junior basis or is unsecured, (E) [reserved], (F) the Indebtedness being refinanced, refunded or
      replaced shall be repaid, defeased or satisfied and discharged, and all accrued interest, fees and premiums (if any) in connection therewith, shall be paid substantially concurrently with the issuance of such Refinancing Indebtedness and (G) such
      Refinancing Indebtedness shall be incurred by the same Borrower that incurred the Indebtedness being refinanced, refunded or replaced; provided that, solely to the extent that the Indebtedness being refinanced was incurred by a Non-U.S. Borrower,
      such Refinancing Indebtedness may be incurred by any Borrower and (viii) neither the Borrowers nor any of their Restricted Subsidiaries may refinance any Indebtedness incurred by an Unrestricted Subsidiary pursuant to this clause;

    (q)          Indebtedness (other than loans secured
        by a Lien on the Collateral on a pari passu basis) incurred by the Lead Borrower or any Restricted Subsidiary to finance acquisitions permitted hereunder after the Closing Date or Indebtedness assumed by
        the Lead Borrower and/or wholly-owned Domestic Subsidiary that is a Restricted Subsidiary in connection with an acquisition permitted hereunder after the Closing Date; provided that (i) before and after
        giving effect to such acquisition on a Pro Forma Basis, no Event of Default exists, (ii) after giving effect to such acquisition on a Pro Forma Basis, (A) if such Indebtedness is secured by a Lien on the Collateral that is pari passu with the Lien securing the Credit Facilities, the First Lien Net Leverage Ratio would not exceed 3.25:1.00 calculated on a Pro Forma Basis as of the last day of the most recently ended Test Period, (B) if such
        Indebtedness is secured by a Lien on the Collateral that is junior to the Lien securing the Credit Facilities, the Secured Net Leverage Ratio would not exceed 4.00:1.00 calculated on a Pro Forma Basis as of the last day of the most recently ended
        Test Period or (C) if such Indebtedness is unsecured, the Fixed Charge Coverage Ratio would not be less than 2.00:1.00 calculated on a Pro Forma Basis as of the last day of the most recently ended Test Period, (iii) any such Indebtedness under
        clause (ii)(A) hereof (which shall be limited to secured notes) shall be subject to a Permitted Pari Passu Intercreditor Agreement (and if incurred or guaranteed by a Foreign Subsidiary, subject to equalization agreements to be agreed by the Lead
        Borrower and the Administrative Agent), (iv) any such Indebtedness under clause (ii)(B) hereof shall be subject to a Permitted Junior Intercreditor Agreement, (v) any such Indebtedness that is subordinated to the Obligations in right of payment
        shall be subject to intercreditor arrangements that are reasonably satisfactory to the Administrative Agent, (vi) such Indebtedness does not mature or require any scheduled amortization or scheduled payment of principal or require any mandatory
        redemption, repurchase, repayment or sinking fund obligation (other than (A) payments as part of an “applicable high yield discount obligation” catch-up payment, (B) customary offers to repurchase in connection with any change of control,
        Disposition or casualty event and (C) customary acceleration rights after an event of default), in each case, prior to the date which is 91 days after the Latest Maturity Date as of the date of incurrence thereof and (vii) the aggregate outstanding
        principal amount of such Indebtedness of Restricted Subsidiaries that are not Loan Parties shall not exceed $600 million minus (A) the amount of Indebtedness incurred by Foreign Subsidiaries in reliance on
        Section 6.01(n), minus (B) the amount of Indebtedness incurred by Restricted Subsidiaries that are not Loan Parties in reliance on Section 6.01(w) and minus

        (C) the amount of Indebtedness incurred by Non-U.S. Borrowers in reliance on Section 6.01(z);

    (r)          Indebtedness of the Borrowers and/or any
        Restricted Subsidiary in an aggregate outstanding principal amount not to exceed 100% of the amount of Net Proceeds received by the Lead Borrower (an “Excluded Debt Contribution”) from (i) the issuance or
        sale of Qualified Capital Stock or (ii) any Cash contribution to its common equity with the Net Proceeds from the issuance and sale by any Parent Company of its Qualified Capital Stock or a contribution to the common equity of any Parent Company,
        in each case, (A) other than any Net Proceeds received from the sale of Capital Stock to, or contributions from, the Lead Borrower or any of their Restricted Subsidiaries, (B) to the extent the relevant Net Proceeds have not otherwise been applied
        to make Investments, Restricted Payments or Restricted Debt Payments hereunder and (C) other than Cure Amounts;

    (s)          Indebtedness of the Borrowers and/or any
        Restricted Subsidiary under any Derivative Transaction not entered into for speculative purposes;

    
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    (t)           Indebtedness in respect of Permitted
        Receivables Financings in an aggregate outstanding principal amount not to exceed the greater of $350,000,000 and 60% of Consolidated Adjusted EBITDA;

    (u)          Indebtedness of the Borrowers and/or any
        Restricted Subsidiary in an aggregate outstanding principal amount not to exceed the greater of $250,000,000 and 40% of Consolidated Adjusted EBITDA as of the last day of the most recently ended Test Period;

    (v)          to the extent constituting Indebtedness,
        any payable owing to a Borrower or a Restricted Subsidiary by a Subsidiary permitted under Section 6.06(i)(ii);

    (w)         additional Indebtedness (other than
        Loans secured by a Lien on the Collateral on a pari passu basis) of a Borrower so long as, on a Pro Forma Basis as of the last day of the most recently ended Test Period, (i) if such Indebtedness is
        secured by a Lien on the Collateral that is pari passu with the Lien securing the Credit Facilities, the First Lien Net Leverage Ratio would not exceed 3.25:1.00, (ii) if such Indebtedness is secured by a
        Lien on the Collateral that is junior to the Lien securing the Credit Facilities, the Secured Net Leverage Ratio would not exceed 4.00:1.00 or (iii) if such Indebtedness is unsecured, the Fixed Charge Coverage Ratio would be no less than 2.00:1.00;
        provided that (1) the aggregate outstanding principal amount of such Indebtedness of Restricted Subsidiaries that are not Loan Parties shall not exceed $600,000,000 minus
        (A) the amount of Indebtedness incurred by Foreign Subsidiaries in reliance on Section 6.01(n), minus (B) the amount of Indebtedness incurred by Restricted Subsidiaries that are not Loan
        Parties in reliance on Section 6.01(q) and minus (C) the amount of Indebtedness incurred by Non-U.S. Borrowers in reliance on Section 6.01(z); (2) any such Indebtedness under clause (i)
        hereof (which shall be limited to secured notes only) shall be subject to a Permitted Pari Passu Intercreditor Agreement (and if incurred or guaranteed by a Foreign Subsidiary, subject to equalization agreements to be agreed by the Lead Borrower
        and the Administrative Agent), (3) any such Indebtedness under clause (ii) hereof shall be subject to a Permitted Junior Intercreditor Agreement, (4) any such Indebtedness that is subordinated to the Obligations in right of payment shall be
        subject to intercreditor arrangements that are reasonably satisfactory to the Administrative Agent, (5) the final maturity date with respect to any such Indebtedness shall be no earlier than the Latest Maturity Date at the time of the incurrence
        thereof and shall not be subject to any mandatory redemption, repurchase, repayment or sinking fund obligation (other than (A) payments as part of an “applicable high yield discount obligation” catch-up payment, (B) customary offers to repurchase
        in connection with any change of control, Disposition or casualty event, (C) customary acceleration rights after an event of default and (D) with customary exceptions for bridge financings) and (6) the Weighted Average Life to Maturity of any such
        Indebtedness shall be no shorter than the remaining Weighted Average Life to Maturity of any previously incurred and then-existing tranche(s) of Incremental Term Loans (without giving effect to any prepayments thereof), with customary exceptions
        for bridge financings;

    (x)          Indebtedness consisting of Replacement
        Revolving Facility, in each case to the extent permitted under Section 9.02(c);

    (y)          Indebtedness of the Borrowers and/or any
        Restricted Subsidiary incurred in connection with any sale and lease- back transaction to the extent permitted under Section 6.07(z);

    (z)          secured or unsecured notes and/or loans
        (and/or commitments in respect thereof) (other than loans secured by a Lien on the Collateral on a pari passu basis) issued or incurred by the Borrowers in lieu of Incremental Loans (such notes or loans, “Incremental Equivalent Debt”); provided that (i) the aggregate outstanding principal amount (or committed amount, if applicable) of all Incremental Equivalent Debt,
        together with the aggregate outstanding principal amount (or committed amount, if applicable) of all Incremental Loans and Incremental Commitments provided pursuant to Section 2.22, shall not exceed the Incremental Cap; provided that if such Incremental Equivalent Debt is incurred under clause (e) of the Incremental Cap definition and is (1) secured by a Lien on the Collateral on a pari passu basis, the First Lien Net Leverage
        Ratio would not exceed 3.25:1.00 calculated on a Pro Forma Basis as of the last day of the most recently ended Test Period, (2) secured by a Lien on the Collateral that is junior to the Lien securing the Credit Facilities, the Secured Net Leverage
        Ratio would not exceed 4.00:1.00 calculated on a Pro Forma Basis as of the last day of the most recently ended Test Period and/or (3) unsecured, the Fixed Charge Coverage Ratio would be no less than 2.00:1.00 calculated on a Pro Forma Basis as of
        the last day of the most recently ended Test Period, (ii) any Incremental Equivalent Debt shall be subject to clauses (vi), (vii), (ix) and (x) (except, in the case of clause (x), as otherwise agreed by the
        Persons providing such

    
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    Incremental Equivalent Debt) of the proviso to Section 2.22(a), (iii) any Incremental Equivalent Debt that is secured shall be secured only by
      the Collateral and on a pari passu basis in the case of secured notes only or junior basis in the case of secured notes and/or loans with the Collateral securing the Secured Obligations, (iv) the aggregate
      principal amount of Incremental Equivalent Debt that may be incurred by a Non-U.S. Borrower shall not exceed $600 million minus (A) the amount of Indebtedness incurred by Foreign Subsidiaries in reliance on
      Section 6.01(n), minus (B) the amount of Indebtedness incurred by Restricted Subsidiaries that are not Loan Parties in reliance on Section 6.01(q) and (C) minus

      the amount of Indebtedness incurred by Restricted Subsidiaries that are not Loan Parties in reliance on Section 6.01(w), (v) any Incremental Equivalent Debt that ranks pari passu in right of
      security (which shall be limited to secured notes only) shall be subject to a Permitted Pari Passu Intercreditor Agreement (and, if incurred or guaranteed by a Foreign Subsidiary, subject to equalization agreements to be agreed by the Lead Borrower
      and the Administrative Agent); (vi) any Incremental Equivalent Debt that is secured by a lien that ranks junior in right of security shall be subject to a Permitted Junior Intercreditor Agreement; (vii) any Incremental Equivalent Debt that is
      subordinated in right of payment shall be subject to intercreditor arrangements reasonably satisfactory to the Administrative Agent, (viii) no Incremental Equivalent Debt may be guaranteed by any Person that is not a Loan Party (but need not be
      guaranteed by all such Persons) or secured by any assets other than the Collateral and (ix) any Incremental Equivalent Debt shall have terms and conditions (excluding pricing, interest rate margins, rate floors, discounts, fees, premiums and
      prepayment or redemption provisions) that are not materially less favorable (when taken as a whole) to the Borrowers and their Restricted Subsidiaries than the terms and conditions of this Agreement (when taken as a whole) (except for covenants or
      other provisions applicable only to periods after the Latest Maturity Date at the time of such refinancing) (it being understood that, to the extent that any financial maintenance covenant is added for the benefit of any such Indebtedness, no consent
      shall be required by the Administrative Agent or any of the Lenders if such financial maintenance covenant is either (i) also added for the benefit of any corresponding Loans remaining outstanding after the issuance or incurrence of such Indebtedness
      or (ii) only applicable after the Latest Maturity Date of the Loans at the time of such incurrence); it being agreed that the applicable Borrower shall have the right to unilaterally provide to existing Lenders such additional rights and benefits
      (such rights and benefits “Additional Rights to Incremental Equivalent Debt Lenders”) and the “not materially less favorable” requirement of this clause (ix) and compliance therewith shall be determined after
      giving effect to such Additional Rights to Incremental Equivalent Debt Lenders;

    (aa)          Indebtedness (including obligations in
        respect of letters of credit, bank guaranties, banker’s acceptance, surety bonds, performance bonds, warehouse receipts, or similar instruments with respect to such Indebtedness) incurred by the Borrowers and/or any Restricted Subsidiary in respect
        of workers compensation claims, unemployment insurance (including premiums related thereto), other types of social security, pension obligations, vacation pay, health, disability, other employee benefits, property, casualty or liability insurance,
        or self-insurance;

    (bb)         Indebtedness of the Borrowers and/or
        any Restricted Subsidiary representing (i) deferred compensation or equity based compensation to current or former directors, officers, advisors, employees, members of management, managers, and consultants of any Parent Company, the Borrowers
        and/or any Restricted Subsidiary or any of their respective Affiliates in the ordinary course of business and (ii) deferred compensation or other similar arrangements in connection with the Transactions, any Permitted Acquisition or any other
        Investment permitted hereby;

    (cc)          Indebtedness of the Borrowers and/or
        any Restricted Subsidiary in respect of any letter of credit or bank guarantee issued in favor of any Issuing Bank to support any Defaulting Lender’s participation in Letters of Credit issued hereunder;

    (dd)          Indebtedness of the Borrowers or any
        Restricted Subsidiary supported by any Letter of Credit;

    (ee)          unfunded pension fund and other
        employee benefit plan obligations and liabilities incurred by the Borrowers and/or any Restricted Subsidiary in the ordinary course of business to the extent that the unfunded amounts would not otherwise cause an Event of Default under Section 7.01(i);

    
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    (ff)          without duplication of any other
        Indebtedness, all premiums (if any), interest (including post-petition interest and payment in kind interest), accretion or amortization of original issue discount, fees, expenses and charges with respect to Indebtedness of the Borrowers and/or any
        Restricted Subsidiary hereunder;

    (gg)         [Reserved]; and

    (hh)          customer deposits and advance payments
        received in the ordinary course of business from customers for goods and services purchased in the ordinary course of business.

    Section 6.02          Liens.  The Borrowers
        shall not, nor shall they permit any of their Restricted Subsidiaries to, create, incur, assume or permit or suffer to exist any Lien on or with respect to any property of any kind owned by it, whether now owned or hereafter acquired, or any income
        or profits therefrom, except:

    (a)          Liens securing the Secured Obligations
        created pursuant to the Loan Documents;

    (b)          Liens for Taxes which are (i) for
        amounts not yet overdue by more than 30 days or (ii) being contested in accordance with Section 5.03(a);

    (c)          statutory Liens (and rights of set-off)
        of landlords, laborers, employees, banks, carriers, warehousemen, mechanics, repairmen, workmen and materialmen, and other Liens arising by operation of law in the ordinary course of business, (i) for amounts not yet overdue by more than 30 days or
        (ii) for amounts that are overdue by more than 30 days and that are being contested in good faith by appropriate proceedings, so long as adequate reserves or other appropriate provisions required by GAAP shall have been made for any such contested
        amounts;

    (d)          Liens incurred (i) in the ordinary
        course of business in connection with workers’ compensation, unemployment insurance and other types of social security laws and regulations, (ii) in the ordinary course of business to secure the performance of tenders, statutory obligations,
        surety, stay, customs and appeal bonds, bids, leases, government contracts, trade contracts, performance and return-of-money bonds and other similar obligations (exclusive of obligations for the payment of borrowed money), (iii) pursuant to pledges
        and deposits of Cash or Cash Equivalents in the ordinary course of business securing (x) any liability for, premiums, reimbursement or indemnification obligations of insurance carriers providing property, casualty, liability or other insurance to
        Holdings and its subsidiaries or (y) leases or licenses of property otherwise permitted by this Agreement, (iv) pledges that may be required under applicable foreign laws relating to claims by terminated employees and other employee claims; and
        (v) to secure obligations in respect of letters of credit, bank guaranties, surety bonds, performance bonds or similar instruments posted with respect to the items described in clauses (i) through (iv) above;

    (e)          Liens consisting of survey exceptions,
        covenants, conditions, restrictions, easements, reservations, rights-of-way, encroachments, and other encumbrances and defects or irregularities in title, in each case which do not, in the aggregate, materially interfere with the ordinary conduct
        of the business of the Borrowers and/or their Restricted Subsidiaries, taken as a whole, or the use of the affected property for its intended purpose;

    (f)          Liens consisting of any (i) interest or
        title of a lessor or sub-lessor under any lease of real estate permitted hereunder or any other party with an interest in real estate of which the interest of the Borrowers and/or their Restricted Subsidiaries therein is derivative, (ii) landlord
        lien permitted by the terms of any lease, (iii) restriction or encumbrance to which the interest or title of such lessor, sub-lessor or other party may be subject or (iv) subordination of the interest of the lessee, sub-lessee or other party to any
        restriction or encumbrance referred to in the preceding clause (iii);

    (g)          Liens consisting of (i) agreements to
        sell any property in a Disposition permitted under Section 6.07 and (ii) earnest money deposits made by the Borrowers and/or any of their Restricted Subsidiaries in connection with any letter of intent or purchase agreement with respect to
        any Investment permitted hereunder;

    
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    (h)          purported Liens evidenced by the filing
        of precautionary UCC financing statements relating solely to operating leases or consignment or bailee arrangements entered into in the ordinary course of business;

    (i)           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;

    (j)           Liens in connection with any zoning,
        building or similar law or right reserved to or vested in any Governmental Authority to control or regulate the use of any or dimensions of real property or the structure thereon;

    (k)          Liens securing Indebtedness permitted
        pursuant to Section 6.01(p) (solely with respect to the permitted refinancing of Indebtedness permitted pursuant to Sections 6.01(a), (c), (i), (j), (m), (q), (t), (u), (w) and

        (z)); provided that (i) no such Lien extends to any asset not covered by the Lien securing the Indebtedness that is being refinanced and (ii) if the Indebtedness being refinanced was subject to
        intercreditor arrangements, then any refinancing Indebtedness in respect thereof shall be subject to intercreditor arrangements not materially less favorable to the Secured Parties, taken as a whole, than the intercreditor arrangements governing
        the Indebtedness that is refinanced or the intercreditor arrangements governing the relevant refinancing Indebtedness shall be otherwise reasonably acceptable to the Administrative Agent;

    (l)           Liens described on Schedule 6.02
        and any modification, replacement, refinancing, renewal or extension thereof; provided that (i) no such Lien extends to any additional property other than (A) after-acquired property that is affixed or
        incorporated into the property covered by such Lien or financed by Indebtedness permitted under Section 6.01 and (B) proceeds and products thereof, accessions thereto and improvements thereon (it being understood that individual financings
        of the type permitted under Section 6.01(m) provided by any lender may be cross-collateralized to other financings of such type provided by such lender or its affiliates) and (ii) such modification, replacement, refinancing, renewal or
        extension of the obligations secured or benefited by such Liens, if constituting Indebtedness, is permitted by Section 6.01;

    (m)          Liens arising out of any sale and
        lease-back transaction to the extent permitted under Section 6.07(z);

    (n)          Liens securing Indebtedness permitted
        pursuant to Section 6.01(m); provided that any such Lien shall encumber only the asset acquired with the proceeds of such Indebtedness and proceeds and products thereof, accessions thereto and
        improvements thereon (it being understood that individual financings of the type permitted under Section 6.01(m) provided by any lender may be cross-collateralized to other financings of such type provided by such lender or its affiliates);

    (o)          Liens securing Indebtedness incurred
        pursuant to Section 6.01(q); provided that, with respect to any such Liens on the Collateral, such Liens shall be pari passu, or junior to, the Liens
        securing the Secured Obligations pursuant to a Permitted Pari Passu Intercreditor Agreement or Permitted Junior Intercreditor Agreement, as applicable; provided, further,
        that with respect to Liens securing Indebtedness of Persons that become, or Indebtedness assumed by, a Restricted Subsidiary, no such Lien (x) extends to or covers any other assets (other than the proceeds or products thereof, accessions or
        additions thereto and improvements thereon) or (y) was created in contemplation of the applicable acquisition of assets or Capital Stock;

    (p)          Liens (i) that are statutory or common
        law or contractual rights of set-off or similar rights and remedies as to deposit or commodity trading or brokerage accounts or other funds maintained with a creditor depository institution (including, without limitation, any Lien arising by
        entering into standard banking arrangements (AGB-Banken oder AGB-Sparkassen) in Germany), or netting arrangements relating to (A) the establishment of depositary relations with banks not granted in
        connection with the issuance of Indebtedness, (B) pooled deposit or sweep accounts of the Borrowers and/or any Restricted Subsidiary to permit satisfaction of overdraft or similar obligations incurred in the ordinary course of business of the
        Borrower sand/or any Restricted Subsidiary, (C) purchase orders and other agreements entered into with customers of the Borrowers and/or any Restricted Subsidiary in the ordinary course of business and (D) commodity trading or other brokerage
        accounts

    
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    incurred in the ordinary course of business and (ii) encumbering reasonable customary initial deposits and margin deposits;

    (q)          Liens on assets and Capital Stock of
        Restricted Subsidiaries that are not Loan Parties (including Capital Stock owned by such Persons) securing Indebtedness of Restricted Subsidiaries that are not Loan Parties permitted pursuant to Section 6.01;

    (r)           Liens securing obligations (other than
        obligations representing Indebtedness for borrowed money) under operating, reciprocal easement or similar agreements entered into in the ordinary course of business of the Borrowers and/or their Restricted Subsidiaries;

    (s)           Liens disclosed in any Mortgage Policy
        delivered pursuant to Section 5.12 with respect to any Material Real Estate Asset and any replacement, extension or renewal of any such Lien; provided that (i) no such replacement, extension or
        renewal Lien shall cover any property other than the property that was subject to such Lien prior to such replacement, extension or renewal (and additions thereto, improvements thereon and the proceeds thereof) and (ii) such Liens do not, in the
        aggregate, materially interfere with the ordinary conduct of the business of the Borrowers and/or their Restricted Subsidiaries, taken as a whole, or the use of the affected property for its intended purpose;

    (t)           Liens securing Indebtedness incurred
        pursuant to Section 6.01(j) and/or Section 6.01(z); provided that with respect to any Liens that secure Indebtedness incurred by a non-Loan Party pursuant to Section 6.01(j)(i),
        (i) such Liens do not extend to, or encumber, assets that constitute Collateral and (ii) such Liens extending to the assets of any non-Loan Party secure only Indebtedness incurred by such non-Loan Party pursuant to Section 6.01(j)(i); provided, further, that, with respect to Liens securing Indebtedness incurred pursuant to Section 6.01(j)(ii), (i) such Lien is not created in contemplation of or in connection with such acquisition or
        such Person becoming a Restricted Subsidiary, (ii) such Lien does not apply to any other property or assets of the Lead Borrower or any of its Restricted Subsidiaries and (iii) such Lien secures only those obligations which it secures on the date
        of such acquisition or the date such Person becomes a Restricted Subsidiary, as the case may be;

    (u)          other Liens on assets securing
        Indebtedness or other obligations in an aggregate principal amount at any time outstanding not to exceed the greater of $200,000,000 and 20% of Consolidated Adjusted EBITDA as of the last day of the most recently ended Test Period;

    (v)          Liens on assets securing judgments,
        awards, attachments and/or decrees and notices of lis pendens and associated rights relating to litigation being contested in good faith not constituting an Event of Default under Section 7.01(h);

    (w)          (i) leases, licenses, subleases or
        sublicenses granted to others in the ordinary course of business (including any license or sublicense of IP Rights) which do not (x) interfere in any material respect with the business of the Borrowers and their Restricted Subsidiaries (other than
        any Immaterial Subsidiary) or (y) secure any Indebtedness for borrowed money and (ii) the rights reserved or vested in any Person by the terms of any lease, license, franchise, grant or permit held by the Lead Borrower or any of its respective
        Restricted Subsidiaries, or by law to terminate any such lease, license, franchise, grant or permit or to require annual or periodic payments as a condition to the continuance thereof;

    (x)           Liens on Cash Equivalents or
        Securities that are the subject of repurchase agreements constituting Investments permitted under Section 6.06 arising out of such repurchase transaction;

    (y)          Liens securing obligations in respect
        letters of credit, bank guaranties, surety bonds, performance bonds or similar instruments permitted under Section 6.01(d), (e), (g), (aa) and (cc);

    (z)           Liens arising (i) out of conditional
        sale, title retention (including extended retention of title), consignment or similar arrangements for the sale of any assets or property in the ordinary course of business and permitted by this Agreement or (ii) by operation of law under Article 2
        of the UCC (or similar law of any jurisdiction);

    
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    (aa)          Liens (i) in favor of any Loan Party
        and/or (ii) granted by any non-Loan Party in favor of any Restricted Subsidiary that is not a Loan Party, in the case of each of clauses (i) and (ii), securing intercompany Indebtedness permitted under Section 6.01;

    (bb)         Liens on insurance policies and the
        proceeds thereof securing the financing of the premiums with respect thereto;

    (cc)          Liens on specific items of inventory or
        other goods and the proceeds thereof securing the relevant Person’s obligations in respect of documentary letters of credit or banker’s acceptances issued or created for the account of such Person to facilitate the purchase, shipment or storage of
        such inventory or goods;

    (dd)          Liens securing (i) obligations under
        Hedge Agreements in connection with any Derivative Transaction of the type described in Section 6.01(s) and/or (ii) obligations of the type described in Section 6.01(f);

    (ee)          (i) Liens on Capital Stock of joint
        ventures or Unrestricted Subsidiaries securing capital contributions to, or obligations of, such Persons and (ii) customary rights of first refusal and tag, drag and similar rights in joint venture agreements and agreements with respect to
        non-Wholly-Owned Subsidiaries;

    (ff)           Liens on Cash or Cash Equivalents
        arising in connection with the defeasance, discharge or redemption of Indebtedness;

    (gg)          Liens evidenced by the filing of UCC
        financing statements relating to factoring or similar arrangements entered into in the ordinary course of business;

    (hh)          Liens on assets of Foreign
        Subsidiaries; provided that (i) such Liens do not extend to, or encumber, assets that constitute Collateral, and (ii) such Liens extending to the assets of any such Foreign Subsidiary secure only
        Indebtedness incurred by such Foreign Subsidiary pursuant to Section 6.01(n);

    (ii)           Liens securing Indebtedness incurred
        in reliance on Section 6.01(w) so long as the condition described in clause (i) or clause (ii) of Section 6.01(w), as applicable, has been satisfied;

    (jj)           in respect of any property located in
        Canada, reservations contained in the original grant from the Crown;

    (kk)          any Lien required to be granted under
        mandatory German law (§§ 22, 204 of the German Transformation Act (Umwandlungsgesetz)) in favor of creditors as a consequence of amalgamation, demerger, merger, consolidation, corporate reconstruction or
        conversion of legal form permitted under this Agreement; and

    (ll)           Liens on receivables and related
        assets incurred in connection with Permitted Receivables Financings permitted in reliance on Section 6.01(t).

    Section 6.03          No Further Negative Pledges. 

        The Borrowers shall not, nor shall they permit any of their Restricted Subsidiaries to, enter into any agreement prohibiting the creation or assumption of any Lien upon any of its properties, whether now owned or hereafter acquired, for the benefit
        of the Secured Parties with respect to the Obligations, except with respect to:

    (a)           specific property to be sold pursuant
        to any Disposition permitted by Section 6.07;

    (b)           restrictions contained in any
        agreement with respect to Indebtedness permitted by Section 6.01 that is secured by a Permitted Lien, but only if such restrictions apply only to the Person or Persons obligated under such Indebtedness and its or their Restricted
        Subsidiaries or the property or assets securing such Indebtedness;

    
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    (c)           restrictions contained in the
        documentation governing Indebtedness permitted by (i) clauses (c), (d), (j), (m), (n), (q), (t), (u), (w), (x), (y) and/or (z) of Section 6.01
        (and clause (p) of Section 6.01 to the extent relating to any refinancing, refunding or replacement of Indebtedness incurred in reliance on clauses (c), (d), (j), (m), (n), (q), (t),
        (u), (w), (x), (y) and/or (z) of Section 6.01) and (ii) this Agreement if such restrictions or conditions apply only to the property or assets securing such Indebtedness;

    (d)           restrictions by reason of customary
        provisions restricting assignments, subletting or other transfers (including the granting of any Lien) contained in leases, subleases, licenses, sublicenses and other agreements entered into in the ordinary course of business (provided that such restrictions are limited to the relevant leases, subleases, licenses, sublicenses or other agreements and/or the property or assets secured by such Liens or the property or assets subject to
        such leases, subleases, licenses, sublicenses or other agreements, as the case may be);

    (e)           Permitted Liens and restrictions in
        the agreements relating thereto that limit the right of the Borrowers or any of their Restricted Subsidiaries to Dispose of, or encumber the assets subject to such Liens;

    (f)           provisions limiting the Disposition or
        distribution of assets or property in joint venture agreements, sale- leaseback agreements, stock sale agreements and other similar agreements, which limitation is applicable only to the assets that are the subject of such agreements (or the
        Persons the Capital Stock of which is the subject of such agreement);

    (g)          any encumbrance or restriction assumed
        in connection with an acquisition of the property or Capital Stock of any Person, so long as such encumbrance or restriction relates solely to the property so acquired (or to the Person or Persons (and its or their subsidiaries) bound thereby) and
        was not created in connection with or in anticipation of such acquisition;

    (h)          restrictions imposed by customary
        provisions in partnership agreements, limited liability company organizational governance documents, joint venture agreements and other similar agreements that restrict the transfer of the assets of, or ownership interests in, the relevant
        partnership, limited liability company, joint venture or any similar Person;

    (i)           restrictions on Cash or other deposits
        imposed by Persons under contracts entered into in the ordinary course of business or for whose benefit such Cash or other deposits exist;

    (j)           restrictions set forth in documents
        which exist on the Closing Date;

    (k)          restrictions set forth in any Loan
        Document, any Hedge Agreement and/or any agreement relating to any Banking Services Obligation;

    (l)           restrictions contained in documents
        governing Indebtedness permitted hereunder of any Restricted Subsidiary that is not a Loan Party;

    (m)          software and other licenses of IP Rights
        pursuant to which the Lead Borrower or any Restricted Subsidiary is the licensee of the relevant software or IP Rights, as the case may be (in which case, any prohibition or limitation shall relate only to the assets that are the subject of the
        applicable license); and

    (n)          other restrictions or encumbrances
        imposed by any amendment, modification, restatement, renewal, increase, supplement, refunding, replacement or refinancing of the contracts, instruments or obligations referred to in clauses (a) through (l) above; provided that no such amendment, modification, restatement, renewal, increase, supplement, refunding, replacement or refinancing is, in the good faith judgment of the Lead Borrower, more restrictive with
        respect to such encumbrances and other restrictions, taken as a whole, than those in effect prior to the relevant amendment, modification, restatement, renewal, increase, supplement, refunding, replacement or refinancing.

    Section 6.04          Restricted Payments; Certain
          Payments of Indebtedness.

    
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    (a)          The Lead Borrower shall not pay or make,
        directly or indirectly, any Restricted Payment, except that:

    (i)          the Lead Borrower may
        make Restricted Payments to the extent necessary to permit any Parent Company:

    (A)          to pay general
        administrative costs and expenses (including corporate overhead, legal or similar expenses and customary salary, fees, bonus and other benefits payable to directors, officers, employees, members of management, managers and/or consultants of any
        Parent Company) and franchise fees and Taxes and similar fees, Taxes and expenses required to enable such Parent Company to maintain its organizational existence or qualification to do business, in each case, which are reasonable and customary and
        incurred in the ordinary course of business, plus any reasonable and customary indemnification claims made by directors, officers, members of management, managers, employees or consultants of any Parent
        Company, in each case, to the extent attributable to the ownership or operations of any Parent Company and its subsidiaries (but excluding the portion of such amount that is attributable to the ownership or operations of any subsidiary of any
        Parent Company other than the Borrowers and their subsidiaries);

    (B)          to discharge the
        consolidated, combined, unitary or similar Tax liabilities of such Parent Company and its subsidiaries when and as due, to the extent such liabilities are attributable to the operations of any Parent Company (but excluding, for the avoidance of
        doubt, the portion of any such Tax liabilities, if any, that is attributable to the operations of any subsidiary of any Parent Company other than the Lead Borrower and/or its subsidiaries), the Lead Borrower and its subsidiaries; provided that the amount paid by the Lead Borrower pursuant to this paragraph (B) shall not exceed the amount of Tax liabilities that would be due if the Lead Borrower and each Restricted Subsidiary were
        separate corporations filing income and similar Tax returns on a consolidated, combined, unitary or similar basis with the Lead Borrower as the common parent of such affiliated group (calculated at the highest combined applicable federal, state,
        local and foreign Tax rate); provided further that Restricted Payments under this Section 6.04(a)(i)(B) that are attributable to any Unrestricted Subsidiary or any joint venture shall be permitted
        only to the extent that either (x) such Unrestricted Subsidiary has made one or more Cash distributions, advances or loans to the Lead Borrower or any of its Restricted Subsidiaries for such purpose in an amount up to the amount of such
        Unrestricted Subsidiary’s or joint venture’s, as applicable, proportionate share of such Tax liabilities or (y) the amount of any such Restricted Payment made by the Lead Borrower on behalf of such Unrestricted Subsidiary or joint venture is
        treated as an Investment subject to Section 6.06 hereof;

    (C)          to pay audit and
        other accounting and reporting expenses of such Parent Company to the extent attributable to any Parent Company (but excluding, for the avoidance of doubt, the portion of any such expenses, if any, attributable to the ownership or operations of any
        subsidiary of any Parent Company other than the Borrowers and/or their subsidiaries), the Borrowers and their subsidiaries;

    (D)          for the payment of
        insurance premiums and deductibles to the extent attributable to any Parent Company (but excluding, for the avoidance of doubt, the portion of any such premiums, if any, attributable to the ownership or operations of any subsidiary of any Parent
        Company other than the Borrowers and/or their subsidiaries), the Borrowers and their subsidiaries;

    (E)          pay (x) fees and
        expenses related to debt or equity offerings, investments or acquisitions permitted or not restricted by this Agreement (whether or not

    
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    consummated) relating to the Borrowers and their Restricted Subsidiaries and (y) Public Company Costs;

    (F)          to finance any
        Investment permitted under Section 6.06 (provided that (x) any Restricted Payment under this clause (a)(i)(F) shall be made substantially concurrently with the closing of such Investment and
        (y) the relevant Parent Company shall, promptly following the closing thereof, cause (I) all property acquired to be contributed to the Borrowers or one or more of their Restricted Subsidiaries, or (II) the merger, consolidation or amalgamation of
        the Person formed or acquired into the Borrowers or one or more of their Restricted Subsidiaries, in order to consummate such Investment in compliance with the applicable requirements of Section 6.06 as if undertaken as a direct Investment
        by the Borrowers or the relevant Restricted Subsidiary); and

    (G)          to pay customary
        salary, bonus, severance and other benefits payable to current or former directors, officers, members of management, managers, employees or consultants of any Parent Company (or any Immediate Family Member of any of the foregoing) to the extent
        such salary, bonuses and other benefits are attributable and reasonably allocated to the operations of the Borrowers and/or their subsidiaries, in each case, so long as such Parent Company applies the amount of any such Restricted Payment for such
        purpose;

    provided that with respect to Restricted Payments under clauses (A), (B), (C), (D) and
      (G) above, such Restricted Payments that are attributable to any Unrestricted Subsidiary shall be permitted only to the extent that either (x) such Unrestricted Subsidiary has made one or more Cash distributions, advances or loans to the Borrowers or
      any of their Restricted Subsidiaries for such purpose in an amount up to the amount of such Unrestricted Subsidiary’s proportionate share of such Restricted Payment or (y) the amount of any such Restricted Payment made by the applicable Borrower on
      behalf of such Unrestricted Subsidiary is treated as an Investment subject to Section 6.06 hereof;

    (ii)          the Lead Borrower
        may pay (or make Restricted Payments to allow any Parent Company to pay) for the repurchase, redemption, retirement or other acquisition or retirement for value of Capital Stock of any Parent Company, any subsidiary or any of their respective
        Affiliates held by any future, present or former employee, director, member of management, officer, manager, advisor or consultant (or any Affiliate or Immediate Family Member thereof) of any Parent Company, the Borrowers, any subsidiary or any of
        their respective Affiliates:

    (A)          in accordance with
        the terms of promissory notes issued pursuant to Section 6.01(o), so long as the aggregate amount of all Cash payments made in respect of such promissory notes, together with the aggregate amount of Restricted Payments made pursuant to sub-clause (D)
        of this clause (ii) below, does not exceed $5,000,000 in any Fiscal Year, which, if not used in any Fiscal Year, may be carried forward to the next subsequent Fiscal Year (provided that no more than
        $10 million may be carried forward in any Fiscal Year);

    (B)          with the proceeds of
        any sale or issuance of the Capital Stock of the Borrowers or any Parent Company (to the extent such proceeds are contributed in respect of Qualified Capital Stock to the Borrowers or any Restricted Subsidiary);

    (C)          with the net
        proceeds of any key-man life insurance policies; or

    (D)          with Cash and Cash
        Equivalents in an amount not to exceed, together with the aggregate amount of all Cash payments made pursuant to sub-clause (A) of this clause (ii) in respect of promissory notes issued pursuant to Section 6.01(o),
        $5,000,000 in any Fiscal Year, which, if not used in any Fiscal Year, may be carried forward to the

    
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    next subsequent Fiscal Year (provided that no more than $10 million may be carried forward
      in any Fiscal Year);

    (iii)          the Lead Borrower
        may make additional Restricted Payments in an amount not to exceed (A) the portion, if any, of the Available Amount on such date that the Lead Borrower elects to apply to this clause (iii)(A); provided that

        (A) no Default or Event of Default has occurred and is continuing or would result therefrom and (B) the Fixed Charge Coverage Ratio, calculated on a Pro Forma Basis, would not be less than 2.00:1.00 as of the last day of the Test Period most
        recently ended prior to such Restricted Payment for which the financial statements required by Section 5.01(a) or 5.01(b), as the case may be, have been delivered plus (B) the portion, if
        any, of the Available Excluded Contribution Amount on such date that the Lead Borrower elects to apply to this clause (iii)(B);

    (iv)          the Lead Borrower
        may make Restricted Payments (i) to any Parent Company to enable such Parent Company to make Cash payments in lieu of the issuance of fractional shares in connection with the exercise of warrants, options or other securities convertible into or
        exchangeable for Capital Stock of such Parent Company and (ii) consisting of (A) payments made or expected to be made in respect of withholding or similar Taxes payable by any future, present or former officers, directors, employees, members of
        management, managers or consultants of the Borrowers, any Restricted Subsidiary or any Parent Company or any of their respective Immediate Family Members and/or (B) repurchases of Capital Stock in consideration of the payments described in sub-clause (A)
        above, including demand repurchases in connection with the exercise of stock options;

    (v)          the Lead Borrower may
        repurchase (or make Restricted Payments to any Parent Company to enable it to repurchase) Capital Stock upon the exercise of warrants, options or other securities convertible into or exchangeable for Capital Stock if such Capital Stock represents
        all or a portion of the exercise price of such warrants, options or other securities convertible into or exchangeable for Capital Stock as part of a “cashless” exercise;

    (vi)          the Lead Borrower
        may make Restricted Payments, the proceeds of which are applied on the Closing Date, solely to effect the consummation of the Transactions;

    (vii)          the Lead Borrower
        may make Restricted Payments to Holdings (and Holdings may in turn make such Restricted Payments to Super Holdco) from time to time in an amount sufficient to enable Super Holdco to fund each scheduled payment of the Regular Cash Dividend; provided that (A) no Default or Event of Default exists or would result therefrom and (B) the Fixed Charge Coverage Ratio, calculated on a Pro Forma Basis, would not be less than 2.00:1.00 as of the last day of
        the Test Period most recently ended prior to such Restricted Payment for which the financial statements required by Section 5.01(a) or 5.01(b), as the case may be, have been delivered;

    (viii)          the Lead Borrower
        may make Restricted Payments to (i) redeem, repurchase, retire or otherwise acquire any (A) Capital Stock (“Treasury Capital Stock”) of the Borrowers and/or any Restricted Subsidiary, (B) Capital Stock of any
        Parent Company, in the case of each of subclauses (A) and (B), in exchange for, or out of the proceeds of the substantially concurrent sale (other than to the Lead Borrower and/or any Restricted Subsidiary) of, Qualified Capital
        Stock of the Borrowers or any Parent Company to the extent any such proceeds are contributed to the capital of the Borrowers and/or any Restricted Subsidiary in respect of Qualified Capital Stock (“Refunding Capital
          Stock”), and/or (C) Capital Stock of any Parent Company owned by any present or former employees, directors, members of management, officers, managers or consultants or independent contractors (or their respective Immediate Family Members)
        of any Parent Company in an amount equal to any tax liability paid on behalf of such employee, director, member of management, officer, manager or consultant or independent contractor (or their respective Immediate Family Members) arising from the
        vesting of such Capital Stock and (ii) declare and pay dividends on any Treasury Capital Stock out of the proceeds of the

    
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    substantially concurrent sale (other than to the applicable Lead Borrower or a Restricted Subsidiary) of any Refunding Capital Stock;

    (ix)          to the extent
        constituting a Restricted Payment, the Lead Borrower may consummate any transaction permitted by Section 6.06 (other than Sections 6.06(j) and (t)), Section 6.07 (other than Section 6.07(g)) and Section 6.09
        (other than Section 6.09(d));

    (x)          the Lead Borrower may
        make additional Restricted Payments in an aggregate amount not to exceed the greater of $75,000,000 and 10% of Consolidated Adjusted EBITDA as of the last day of the most recently ended Test Period minus (A) the

        amount of Restricted Debt Payments made by the Borrowers or any Restricted Subsidiary in reliance on Section 6.04(b)(iv), minus (B) the outstanding amount of Investments made by a Borrower or any
        Restricted Subsidiary in reliance on Section 6.06(q)(ii);

    (xi)          the Lead Borrower
        may pay any dividend or consummate any redemption within 60 days after the date of the declaration thereof or the provision of a redemption notice with respect thereto, as the case may be, if at the date of such declaration or notice, the dividend
        or redemption notice would have complied with the provisions hereof;

    (xii)          the Lead Borrower
        may purchase, redeem or otherwise acquire its common Capital Stock with the proceeds received from the substantially concurrent issuance of new common Capital Stock of the Borrowers; and

    (xiii)          the Lead Borrower
        may make additional Restricted Payments so long as (A) no Default or Event of Default exists or would result therefrom and (B) the Total Net Leverage Ratio would not exceed 4.00:1.00. calculated on a Pro Forma Basis as of the last day of the most
        recently ended Test Period.

    (b)          The Borrowers shall not, nor shall they
        permit any Restricted Subsidiary to, make any payment (whether in Cash, securities or other property) on or in respect of principal of or interest on (x) any Junior Lien Indebtedness or (y) any Junior Indebtedness (such Indebtedness under clauses (x) and

        (y), the “Restricted Debt”), including any sinking fund or similar deposit, on account of the purchase, redemption, retirement, acquisition, cancellation or termination of any Restricted Debt prior to
        its scheduled maturity (collectively, “Restricted Debt Payments”), except:

    (i)          any purchase,
        defeasance, redemption, repurchase, repayment or other acquisition or retirement of any Restricted Debt made by exchange for, or out of the proceeds of, Refinancing Indebtedness permitted by Section 6.01;

    (ii)          payments as part of
        an “applicable high yield discount obligation” catch-up payment;

    (iii)          payments of
        regularly scheduled interest as and when due in respect of any Restricted Debt, except for any payments with respect to any Subordinated Indebtedness that are prohibited by the subordination provisions thereof;

    (iv)          so long as, at the
        time of delivery of irrevocable notice with respect thereto, no Event of Default exists or would result therefrom, additional Restricted Debt Payments in an aggregate amount not to exceed the greater of $75,000,000 and 10% of Consolidated Adjusted
        EBITDA as of the last day of the most recently ended Test Period, minus (A) the outstanding amount of Investments made in reliance on Section 6.06(q)(ii), minus (B) the

        amount of Restricted Payments made in reliance on Section 6.04(a)(x);

    (v)          (A) Restricted Debt
        Payments in exchange for, or with proceeds of any issuance of, Qualified Capital Stock of the Borrowers and/or any Restricted Subsidiary and/or any capital

    
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    contribution in respect of Qualified Capital Stock of the Borrowers or any Restricted Subsidiary, (B) Restricted Debt Payments as a
      result of the conversion of all or any portion of any Restricted Debt into Qualified Capital Stock of the Borrowers and/or any Restricted Subsidiary and (C) to the extent constituting a Restricted Debt Payment, payment-in-kind interest with respect
      to any Restricted Debt that is permitted under Section 6.01;

    (vi)          Restricted Debt
        Payments in an aggregate amount not to exceed (A) the portion, if any, of the Available Amount on such date that the Borrowers elect to apply to this clause (vi)(A); provided, that (A) no Default or
        Event of Default has occurred and is continuing or would result therefrom and (B) the Fixed Charge Coverage Ratio, calculated on a Pro Forma Basis, would not be less than 2.00:1.00 as of the last day of the Test Period most recently ended prior to
        such Restricted Debt Payment for which the financial statements required by Section 5.01(a) or 5.01(b), as the case may be, have been delivered plus (B) the portion, if any, of the Available
        Excluded Contribution Amount on such date that the Borrowers elect to apply to this clause (vi)(B); and

    (vii)          additional
        Restricted Debt Payments; provided that (A) no Default or Event of Default exists or would result therefrom and (B) the Total Net Leverage Ratio would not exceed 3.00 to 1.00 calculated on a Pro Forma
        Basis as of the last day of the most recently ended Test Period.

    Section 6.05          Restrictions on Subsidiary
          Distributions.  Except as provided herein or in any other Loan Document, any document with respect to any Incremental Equivalent Debt and/or in agreements with respect to refinancings, renewals or replacements of such Indebtedness that are
        permitted by Section 6.01, the Borrowers shall not, nor shall they permit any of their Restricted Subsidiaries to, enter into or cause to exist any agreement restricting the ability of (i) any subsidiary of the Borrowers to pay dividends or
        other distributions to the Borrowers or any Loan Party or (ii) any Restricted Subsidiary to make Cash loans or advances to the Borrowers or any Loan Party, except:

    (a)          in any agreement evidencing
        (i) Indebtedness of a Restricted Subsidiary that is not a Loan Party permitted by Section 6.01, (ii) Indebtedness permitted by Section 6.01 that is secured by a Permitted Lien if the relevant restriction applies only to the Person
        obligated under such Indebtedness and their Restricted Subsidiaries or the property or assets intended to secure such Indebtedness and (iii) Indebtedness permitted pursuant to clauses (j), (m), (n), (p) (as it
        relates to Indebtedness in respect of clauses (j), (m), (n), (q), (u), (w), (x) and/or (z) of Section 6.01), (q), (u), (w), (x) and/or (z) of

        Section 6.01;

    (b)          by reason of customary provisions
        restricting assignments, subletting or other transfers contained in leases, subleases, licenses, sublicenses, joint venture agreements and similar agreements entered into in the ordinary course of business;

    (c)          that are or were created by virtue of
        any Lien granted upon, transfer of, agreement to transfer or grant of, any option or right with respect to any property, assets or Capital Stock not otherwise prohibited under this Agreement;

    (d)          assumed in connection with any
        acquisition of property or the Capital Stock of any Person, so long as the relevant encumbrance or restriction relates solely to the Person and its subsidiaries (including the Capital Stock of the relevant Person or Persons) and/or property so
        acquired and was not created in connection with or in anticipation of such acquisition;

    (e)          in any agreement for any Disposition of
        any Restricted Subsidiary (or all or substantially all of the property and/or assets thereof) that restricts the payment of dividends or other distributions or the making of Cash loans or advances by such Restricted Subsidiary pending such
        Disposition;

    (f)          in provisions in agreements or
        instruments which prohibit the payment of dividends or the making of other distributions with respect to any class of Capital Stock of a Person other than on a pro rata basis;

    
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    (g)          imposed by customary provisions in
        partnership agreements, limited liability company organizational governance documents, joint venture agreements and other similar agreements;

    (h)          on Cash, other deposits or net worth or
        similar restrictions imposed by any Person under any contract entered into in the ordinary course of business or for whose benefit such Cash, other deposits or net worth or similar restrictions exist;

    (i)           set forth in documents which exist on
        the Closing Date and not created in contemplation thereof;

    (j)           those arising pursuant to an agreement
        or instrument relating to any Indebtedness permitted to be incurred after the Closing Date if the relevant restrictions, taken as a whole, are not materially less favorable to the Lenders than the restrictions contained in this Agreement, taken as
        a whole (as determined in good faith by a Borrower);

    (k)          those arising under or as a result of
        applicable law, rule, regulation or order or the terms of any license, authorization, concession or permit;

    (l)           those arising in any Hedge Agreement
        and/or any agreement relating to any Banking Services Obligation; and/or

    (m)          those imposed by any amendment,
        modification, restatement, renewal, increase, supplement, refunding, replacement or refinancing of any contract, instrument or obligation referred to in clauses (a) through (l) above; provided that

        no such amendment, modification, restatement, renewal, increase, supplement, refunding, replacement or refinancing is, in the good faith judgment of the Lead Borrower, more restrictive with respect to such restrictions, taken as a whole, than those
        in existence prior to such amendment, modification, restatement, renewal, increase, supplement, refunding, replacement or refinancing.

    Section 6.06          Investments.  The
        Borrowers shall not, nor shall they permit any of their Restricted Subsidiaries to, make or own any Investment in any other Person except:

    (a)          Cash or Investments that were Cash
        Equivalents at the time made;

    (b)          (i) Investments existing on the Closing
        Date in any subsidiary, (ii) Investments made after the Closing Date among the Borrowers and/or one or more Restricted Subsidiaries that are Loan Parties, (iii) (x) Investments made after the Closing Date by any Loan Party in any Restricted
        Subsidiary that is not a Loan Party in an aggregate outstanding amount not to exceed the sum of (1) the Available Amount (provided, that no Default or Event of Default has occurred and is continuing or would
        result therefrom) plus (2) the greater of $175,000,000 and 30% of Consolidated Adjusted EBITDA as of the last day of the most recently ended Test Period and/or (y) Investments to permit reorganization
        transactions for efficiency or operational improvements (I) so long as no Default or Event of Default shall have occurred and be continuing after giving effect to such reorganization, to the extent such reorganization only involves Foreign
        Subsidiaries that represent less than 5% of each of Consolidated Total Assets and consolidated revenues of the Lead Borrower and its Restricted Subsidiaries or (II) so long as such reorganization is not materially adverse to the Lenders as
        certified by a chief financial officer, treasurer or equivalent officer of the Lead Borrower (which certification shall include such information reasonable requested by the Administrative Agent regarding such reorganization), as consented to in
        advance by the Administrative Agent (any such transaction, a “Permitted Reorganization”), (iv) Investments made by any Loan Party and/or any Restricted Subsidiary that is not a Loan Party in the form of any
        contribution or Disposition of the Capital Stock of any Person that is not a Loan Party; provided that, prior to such contribution or Disposition or series of transactions resulting in such contribution or
        Disposition, such Capital Stock was not owned directly by a Loan Party and (v) Investments made by any Restricted Subsidiary that is not a Loan Party in any Loan Party or in any other Restricted Subsidiary that is not a Loan Party ;

    (c)          Investments (i) constituting deposits,
        prepayments and/or other credits to suppliers, (ii) in the form of advances made to distributors, suppliers, licensors and licensees, in each case, in the ordinary course of

    
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    business or, in the case of clause (ii), to the extent necessary to maintain the ordinary course of supplies to the Borrowers or any Restricted
      Subsidiary and/or (iii) constituting bank deposits made in the ordinary course of business;

    (d)          Investments in Unrestricted
        Subsidiaries; provided that immediately after giving effect to any such Investment, the amount invested in the applicable Unrestricted Subsidiary pursuant to this clause (d), when aggregated with
        the amounts then invested in all other Unrestricted Subsidiaries pursuant to this clause (d), shall not exceed the greater of $75,000,000 and 11% of Consolidated Adjusted EBITDA as of the last day of the most recently ended Test Period at
        any one time outstanding;

    (e)          Permitted Acquisitions;

    (f)           Investments (i) existing on, or
        contractually committed to or contemplated as of, the Closing Date and described on Schedule 6.06 and/or (ii) any modification, replacement, renewal or extension of any Investment described in clause (i) above so long as no such
        modification, renewal or extension thereof increases the amount of such Investment except by the terms thereof or as otherwise permitted by this Section 6.06);

    (g)          Investments received in lieu of Cash in
        connection with any Disposition permitted by Section 6.07;

    (h)          loans or advances to present or former
        employees, directors, members of management, officers, managers or consultants or independent contractors (or their respective Immediate Family Members) of any Parent Company, the Borrowers and their subsidiaries to the extent permitted by
        Requirements of Law, in connection with such Person’s purchase of Capital Stock of any Parent Company, either (i) in an aggregate principal amount not to exceed $10,000,000 at any one time outstanding or (ii) so long as the proceeds of such loan or
        advance are substantially contemporaneously contributed to the Borrowers for the purchase of such Capital Stock;

    (i)          (i) Investments consisting of extensions
        of credit in the nature of accounts receivable or notes receivable arising from the grant of trade credit in the ordinary course of business and (ii) to the extent constituting Investments, any receivable that is distributed by a Subsidiary to its
        equity holders in lieu of a Cash dividend that is otherwise permitted by Section 6.05;

    (j)          Investments consisting of Indebtedness
        permitted under Section 6.01 (other than Indebtedness permitted under Sections 6.01(b) and (h)), Permitted Liens, Restricted Payments permitted under Section 6.04 (other than Section 6.04(a)(ix)), Restricted
        Debt Payments permitted by Section 6.04 and mergers, consolidations, amalgamations, liquidations, windings up, dissolutions or Dispositions permitted by Section 6.07 (other than Section 6.07(a) (if made in reliance on subclause (ii)(y)
        of the proviso thereto), Section 6.07(b) (if made in reliance on clause (ii) therein), Section 6.07(c)(ii) (if made in reliance on clause (B) therein) and Section 6.07(g));

    (k)          Investments in the ordinary course of
        business consisting of endorsements for collection or deposit and customary trade arrangements with customers;

    (l)          (i) Investments (including debt
        obligations and Capital Stock) received (A) in connection with the bankruptcy or reorganization of any Person, (B) in settlement of delinquent obligations of, or other disputes with, customers, suppliers and other account debtors arising in the
        ordinary course of business, (C) upon foreclosure with respect to any secured Investment or other transfer of title with respect to any secured Investment and/or (D) as a result of the settlement, compromise, resolution of litigation, arbitration
        or other disputes and/or (ii) Investments consisting of extensions of credit in the nature of accounts receivable or notes receivable arising from the grant of trade credit in the ordinary course of business, and investments received in
        satisfaction or partial satisfaction thereof from financially troubled account debtors and other credits to suppliers made in the ordinary course of business;

    (m)          loans and advances of payroll payments
        or other compensation to present or former employees, directors, members of management, officers, managers or consultants of any Parent Company (to the extent such payments or other compensation relate to services provided to such Parent Company
        (but excluding, for the avoidance of doubt, the portion of any such amount, if any, attributable to the ownership or operations of any

    
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    subsidiary of any Parent Company other than the Borrowers and/or their subsidiaries)), the Borrowers and/or any subsidiary in the ordinary course of
      business;

    (n)          Investments to the extent that payment
        therefor is made solely with Capital Stock of any Parent Company or Capital Stock (other than Disqualified Capital Stock) of the Borrowers or any Restricted Subsidiary, in each case, to the extent not resulting in a Change of Control;

    (o)          (i) Investments of any Restricted
        Subsidiary acquired after the Closing Date, or of any Person acquired by, or merged into or consolidated or amalgamated with, the Borrowers or any Restricted Subsidiary after the Closing Date, in each case as part of an Investment otherwise
        permitted by this Section 6.06 to the extent that such Investments were not made in contemplation of or in connection with such acquisition, merger, amalgamation or consolidation and were in existence on the date of the relevant
        acquisition, merger, amalgamation or consolidation and (ii) any modification, replacement, renewal or extension of any Investment permitted under clause (i) of this Section 6.06(o) so long as no such modification, replacement,
        renewal or extension thereof increases the amount of such Investment except as otherwise permitted by this Section 6.06;

    (p)          Investments made in connection with the
        Transactions;

    (q)          Investments made after the Closing Date
        by the Borrowers and/or any of their Restricted Subsidiaries in an aggregate amount at any time outstanding not to exceed:

    (i)          the greater of
        $150,000,000 and 30% of Consolidated Adjusted EBITDA as of the last day of the most recently ended Test Period, plus

    (ii)          the greater of
        $75,000,000 and 10% of Consolidated Adjusted EBITDA as of the last day of the most recently ended Test Period, minus (A) the amount of Restricted Debt Payments made by any Borrower or a Restricted
        Subsidiary in reliance on Section 6.04(b)(iv)(A) and minus (B) the amount of Restricted Payments made by the Borrowers or any Restricted Subsidiary in reliance on Section 6.04(a)(x), plus

    (iii)          in the event that
        (A) the Borrowers or any of their Restricted Subsidiaries makes any Investment after the Closing Date in any Person that is not a Restricted Subsidiary otherwise permitted hereunder and (B) such Person subsequently becomes a Restricted Subsidiary,
        an amount equal to the lesser of (x) 100.0% of the fair market value of such Investment as of the date on which such Person becomes a Restricted Subsidiary and (y) the original amount of such Investment;

    (r)          Investments made after the Closing Date
        by the Borrowers and/or any of their Restricted Subsidiaries in an aggregate outstanding amount not to exceed (i) the portion, if any, of the Available Amount on such date that such Borrower elects to apply to this clause (r)(i) plus (ii) the portion, if any, of the Available Excluded Contribution Amount on such date that such Borrower elects to apply to this clause (r)(ii); provided,
        that (A) no Default or Event of Default has occurred and is continuing or would result therefrom and (B) the Fixed Charge Coverage Ratio, calculated on a Pro Forma Basis, would not be less than 2.00:1.00 as of the last day of the Test Period most
        recently ended prior to such Investment for which the financial statements required by Section 5.01(a) or 5.01(b), as the case may be, have been delivered;

    (s)          (i) Guarantees of leases (other than
        Capital Leases) or of other obligations not constituting Indebtedness and (ii) Guarantees of the lease obligations of suppliers, customers, franchisees and licensees of the Borrowers and/or their Restricted Subsidiaries, in each case, in the
        ordinary course of business;

    (t)           Investments in any Parent Company in
        amounts and for purposes for which Restricted Payments to such Parent Company are permitted under Section 6.04(a); provided that any Investment made as provided above in lieu of any such Restricted
        Payment shall reduce availability under the applicable Restricted Payment basket under Section 6.04(a);

    
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    (u)          Investments made by any Restricted
        Subsidiary that is not a Loan Party with the proceeds received by such Restricted Subsidiary from an Investment made by any Loan Party in such Restricted Subsidiary pursuant to this Section 6.06 (other than Investments made pursuant to clause (ii)
        of Section 6.06(e) or Section 6.06(x));

    (v)          [reserved];

    (w)          Investments under any Derivative
        Transaction of the type permitted under Section 6.01(s);

    (x)          Investments made in connection with the
        creation, formation and/or acquisition of any joint venture, or in any Restricted Subsidiary to enable such Restricted Subsidiary to create, form and/or acquire any joint venture, in an aggregate outstanding amount not to exceed the greater of
        $75,000,000 and 10% of Consolidated Adjusted EBITDA as of the last day of the most recently ended Test Period for which financial statements have been delivered pursuant to Section 5.01(a) or (b), as applicable;

    (y)          Investments made in any joint venture
        existing on the Closing Date as required by, or made pursuant to, buy/sell arrangements between the joint venture parties set forth in joint venture agreements and similar binding arrangements in effect on the Closing Date (other than any
        modification, replacement, renewal or extension of such Investments so long as no such modification, renewal or extension thereof increases the amount of any such Investment except by the terms thereof or as otherwise permitted by this Section 6.06);

    (z)          unfunded pension fund and other employee
        benefit plan obligations and liabilities to the extent that they are permitted to remain unfunded under applicable law;

    (aa)          Investments in the Borrowers, any
        Restricted Subsidiary and/or any joint venture in connection with intercompany cash management arrangements and related activities in the ordinary course of business;

    (bb)          Investments consisting of the licensing
        or contribution of IP Rights pursuant to joint marketing arrangements with other Persons;

    (cc)          purchases of contract rights or
        licenses or leases of IP Rights, in each case in the ordinary course of business, to the extent such purchases and acquisitions constitute Investments;

    (dd)          Investments in Receivables Subsidiaries
        in the form of receivables and related assets required in connection with a Permitted Receivables Financing (including the contribution or lending of Cash and Cash Equivalents to Subsidiaries to finance the purchase of such assets from Holdings, a
        Borrower or other Restricted Subsidiaries or to otherwise fund required customary reserves);

    (ee)          additional Investments so long as the
        Total Net Leverage Ratio does not exceed 4.00:1.00 calculated on a Pro Forma Basis as of the last day of the most recently ended Test Period; and

    (ff)          any contribution by any Loan Party that
        is a Domestic Subsidiary of the equity or assets of a first tier Foreign Subsidiary to any other first tier Foreign Subsidiary.

    In no event shall (a) the Borrowers or any Restricted Subsidiary be permitted to make or own any Investment in its equityholders
      constituting material intellectual property if such material intellectual property is, following such Investment, licensed by the Lead Borrower and/or any Restricted Subsidiary from the recipient of such material intellectual property for use by the
      Lead Borrower or such Restricted Subsidiary in the ordinary course of business (other than pursuant to a bona fide “transition service” or similar arrangement or in the same manner as other customers, suppliers or commercial partners of the relevant
      transferee generally), and (b) any Loan Party make or own any Investment constituting (i) any material intellectual property in any Unrestricted Subsidiary or (ii) any Trademarks in any Restricted Subsidiary that is not a Loan Party; provided that,
      the restriction in this clause (b)(ii) shall not prohibit the Investment constituting Trademarks in an aggregate principal amount, together with all

    
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    dispositions pursuant to clause (b)(ii) of the last paragraph of Section 6.07 and releases pursuant to clause (b)(3) of the nineteenth paragraph of
      Article 8, not to exceed $250,000,000.

    Section 6.07          Fundamental Changes;
          Disposition of Assets.  The Borrowers shall not, nor shall it permit any of their Restricted Subsidiaries to, enter into any transaction of merger, consolidation or amalgamation, or liquidate, wind up or dissolve themselves (or suffer any
        liquidation or dissolution), or make any Disposition, in a single transaction or in a series of related transactions, except:

    (a)           any Restricted Subsidiary may be
        merged, consolidated or amalgamated with or into the Lead Borrower or any other Restricted Subsidiary; provided that (i) in the case of any such merger, consolidation or amalgamation with or into the Lead
        Borrower, (A) the Lead Borrower shall be the continuing or surviving Person or (B) if the Person formed by or surviving any such merger, consolidation or amalgamation is not the Lead Borrower (any such Person, the “Successor

          Borrower”), (x) the Successor Borrower shall be an entity organized or existing under the law of the U.S., any state thereof or the District of Columbia, (y) the Successor Borrower shall expressly assume the Obligations of the Lead
        Borrower in a manner reasonably satisfactory to the Administrative Agent and (z) except as the Administrative Agent may otherwise agree, each Guarantor, unless it is the other party to such merger, consolidation or amalgamation, shall have executed
        and delivered a reaffirmation agreement with respect to its obligations under the Loan Guaranty and the other Loan Documents; it being understood and agreed that if the foregoing conditions under clauses (x) through (z) are
        satisfied, the Successor Borrower will succeed to, and be substituted for, the Lead Borrower under this Agreement and the other Loan Documents, (ii) in the case of any such merger, consolidation or amalgamation involving any Subsidiary Guarantor,
        either (x) (i) such Subsidiary Guarantor shall be the continuing or surviving Person or (ii) the continuing or surviving Person shall (A) expressly assume the guarantee obligations of the Subsidiary Guarantor in a manner reasonably satisfactory to
        the Administrative Agent and (B) be an entity organized or existing under the law of the U.S., any state thereof or the District of Columbia or (y) the relevant transaction shall be treated as an Investment and shall comply with Section 6.06
        and (iii) in the case of any such merger, consolidation or amalgamation by a Restricted Subsidiary that is not a Loan Party into any other Restricted Subsidiary that is a Loan Party, any related intercompany Indebtedness assumed by such Restricted
        Subsidiary that is a Loan Party shall be expressly subordinated to the Obligations of such Loan Party on terms that are reasonably acceptable to the Administrative Agent;

    (b)          Dispositions (including of Capital
        Stock) among the Lead Borrower and/or any Restricted Subsidiary (upon voluntary liquidation or otherwise); provided that any such Disposition by any Loan Party to any Person that is not a Loan Party shall
        be for fair market value (as reasonably determined by such Person) with at least 75% of the consideration for such Disposition consisting of Cash or Cash Equivalents at the time of such Disposition or treated as an Investment and otherwise made in
        compliance with Section 6.06 (other than in reliance on clause (j) thereof); provided, further, that any Indebtedness of any Loan Party owed to any
        Restricted Subsidiary that is not a Loan Party as a result of such Disposition must be expressly subordinated to the Obligations of such Loan Party on terms that are reasonably acceptable to the Administrative Agent;

    (c)          (i) the liquidation or dissolution of
        any Restricted Subsidiary provided that such liquidation or dissolution, as applicable, would not reasonably be expected to have a Material Adverse Effect and is not materially disadvantageous to the Lenders; provided

        that in the case of any liquidation or dissolution of any Loan Party that results in a distribution of assets to any Restricted Subsidiary that is not a Loan Party, such distribution shall be treated as an Investment and shall comply with Section 6.06
        (other than in reliance on clause (j) thereof); (ii) any merger, amalgamation, dissolution, liquidation or consolidation, the purpose of which is to effect (A) any Disposition otherwise permitted under this Section 6.07 (other than
        clause (a), clause (b) or this clause (c)) or (B) any Investment permitted under Section 6.06; and (iii) any Borrower or any Restricted Subsidiary may be converted into another form of entity, in each case, so long as
        such conversion does not adversely affect the value of the Loan Guaranty or Collateral, if any;

    (d)          (x) Dispositions of inventory, current
        assets, or equipment in the ordinary course of business (including on an intercompany basis), (y) the leasing or subleasing of real property in the ordinary course of business and (z) Dispositions of (A) accounts receivable in connection with the
        collection or compromise thereof (including sales to factors or other third parties) and (B) receivables and related assets pursuant to any Permitted Receivables Financing;

    
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    (e)          Dispositions of surplus, obsolete, used
        or worn out property or other property that, in the reasonable judgment of any Borrower, is (A) no longer useful in its business (or in the business of any Restricted Subsidiary of any Borrower) or (B) otherwise economically impracticable to
        maintain;

    (f)           Dispositions of Cash Equivalents or
        other assets that were Cash Equivalents when the relevant original Investment was made;

    (g)          Dispositions, mergers, amalgamations,
        consolidations or conveyances that constitute Investments permitted pursuant to Section 6.06 (other than Section 6.06(j)), Permitted Liens and Restricted Payments permitted by Section 6.04(a) (other than Section 6.04(a)(ix));

    (h)          Dispositions for fair market value; provided that with respect to any such Disposition with a purchase price in excess of the greater of $35,000,000 and 4% of Consolidated Adjusted EBITDA as of the last day of the most recently ended Test Period,
        as applicable, at least 75% of the consideration for such Disposition shall consist of Cash or Cash Equivalents (provided that for purposes of the 75% Cash consideration requirement, (w) the amount of any
        Indebtedness or other liabilities (other than Indebtedness or other liabilities that are subordinated to the Obligations or that are owed to the Borrowers or any Restricted Subsidiary) of the Borrowers or any Restricted Subsidiary (as shown on such
        Person’s most recent balance sheet or statement of financial position (or in the notes thereto) that are assumed by the transferee of any such assets and for which the Borrowers and/or their applicable Restricted Subsidiary have been validly
        released by all relevant creditors in writing, (x) the amount of any trade-in value applied to the purchase price of any replacement assets acquired in connection with such Disposition, (y) any Securities received by the Borrowers or any Restricted
        Subsidiary from such transferee that are converted by such Person into Cash or Cash Equivalents (to the extent of the Cash or Cash Equivalents received) within 180 days following the closing of the applicable Disposition and (z) any Designated
        Non-Cash Consideration received in respect of such Disposition having an aggregate fair market value, taken together with all other Designated Non-Cash Consideration received pursuant to this clause (z) that is at that time outstanding, not
        in excess of the greater of $20,000,000 and 2% of Consolidated Adjusted EBITDA as of the last day of the most recently ended Test Period, in each case, shall be deemed to be Cash); provided, further, that immediately prior to and after giving effect to such Disposition, as determined on the date on which the agreement governing such Disposition is executed, no Event of Default shall exist;

    (i)          to the extent that (i) the relevant
        property is exchanged for credit against the purchase price of similar replacement property or (ii) the proceeds of the relevant Disposition are reasonably promptly applied to the purchase price of such replacement property;

    (j)           Dispositions of Investments in joint
        ventures to the extent required by, or made pursuant to, buy/sell arrangements between joint venture or similar parties set forth in the relevant joint venture arrangements and/or similar binding arrangements;

    (k)          Dispositions of accounts receivable in
        the ordinary course of business (including any discount and/or forgiveness thereof and any factoring, early pay or similar supply chain financing arrangement) or in connection with the collection or compromise thereof;

    (l)           Dispositions and/or terminations of
        leases, subleases, licenses or sublicenses (including the provision of software under any open source license) in the ordinary course of business, which do not materially interfere with the business of the Lead Borrower and its Restricted
        Subsidiaries;

    (m)          (i) any termination of any lease in the
        ordinary course of business, (ii) any expiration of any option agreement in respect of real or personal property and (iii) any surrender or waiver of contractual rights or the settlement, release or surrender of contractual rights or litigation
        claims (including in tort) in the ordinary course of business;

    (n)          Dispositions of property subject to
        foreclosure, casualty, eminent domain or condemnation proceedings (including in lieu thereof or any similar proceeding);

    
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    (o)          Dispositions or consignments of
        equipment, inventory or other assets (including leasehold interests in real property) with respect to facilities that are temporarily not in use, held for sale or closed;

    (p)          [Reserved];

    (q)          Dispositions of non-core assets acquired
        in connection with any acquisition permitted hereunder and sales of Real Estate Assets acquired in any acquisition permitted hereunder which, within 90 days of the date of such acquisition, are designated in writing to the Administrative Agent as
        being held for sale and not for the continued operation of the Borrowers or any of their Restricted Subsidiaries or any of their respective businesses; provided that no Event of Default exists on the date
        on which the definitive agreement governing the relevant Disposition is executed;

    (r)          exchanges or swaps, including
        transactions covered by Section 1031 of the Code (or any comparable provision of any foreign jurisdiction), of property or assets so long as any such exchange or swap is made for fair value (as reasonably determined by the applicable Borrower) for
        like property or assets; provided that upon the consummation of any such exchange or swap by any Loan Party, to the extent the property received does not constitute an Excluded Asset, the Administrative
        Agent has a perfected Lien with the same priority as the Lien held on the Real Estate Assets so exchanged or swapped;

    (s)          any Permitted Reorganization;

    (t)          (i) licensing and cross-licensing
        arrangements involving any technology, intellectual property or IP Rights of the Borrowers or any Restricted Subsidiary in the ordinary course of business and (ii) Dispositions, abandonments, cancellations or lapses of IP Rights, or issuances or
        registrations, or applications for issuances or registrations, of IP Rights, which, in the reasonable good faith determination of the applicable Borrower, are not material to the conduct of the business of the applicable Borrower or its Restricted
        Subsidiaries, or are no longer economical to maintain in light of its use;

    (u)          terminations or unwinds of Derivative
        Transactions;

    (v)          Dispositions of Capital Stock of, or
        sales of Indebtedness or other Securities of, Unrestricted Subsidiaries;

    (w)          Dispositions of Real Estate Assets and
        related assets in the ordinary course of business in connection with relocation activities for directors, officers, employees, members of management, managers or consultants of any Parent Company, the Borrowers and/or any Restricted Subsidiary
        and/or dispositions of property formerly leased by the Lead Borrower or its Restricted Subsidiaries and acquired by the Lead Borrower and sold as an alternative to terminating the lease on such property;

    (x)          Dispositions made to comply with any
        order of any agency of the U.S. Federal government, any state, authority or other regulatory body or any applicable Requirement of Law;

    (y)          any merger, consolidation, Disposition
        or conveyance the sole purpose of which is to reincorporate or reorganize any Domestic Subsidiary in another jurisdiction in the U.S.;

    (z)          the transfer or Disposition of property
        pursuant to sale and leaseback transactions; provided that (A) at the time thereof and immediately after giving effect thereto no Event of Default or Default shall have occurred and be continuing or would
        result therefrom, (B) the aggregate fair market value of all property disposed of in reliance on this clause shall not exceed the greater of $100,000,000 and 16% of Consolidated Adjusted EBITDA as of the last day of the most recently ended Test
        Period and (C) such transaction is for fair market value and for consideration at least 75% of which is Cash or Cash Equivalents;

    (aa)         any sale of motor vehicles and
        information technology equipment purchased at the end of an operating lease and resold thereafter;

    
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    (bb)          other Dispositions involving assets
        having a fair market value (as reasonably determined by the Lead Borrower at the time of the relevant Disposition) in the aggregate since the Closing Date of not more than the greater of $50,000,000 and 6% of Consolidated Adjusted EBITDA as of the
        last day of the most recently ended Test Period; and

    (cc)          Dispositions contemplated on the
        Closing Date and described on Schedule 6.07.

    To the extent that any Collateral is Disposed of as expressly permitted by this Section 6.07 to any Person other than a Loan Party, such
      Collateral shall be sold free and clear of the Liens created by the Loan Documents, which Liens shall be automatically released upon the consummation of such Disposition; it being understood and agreed that the Administrative Agent shall be
      authorized to take, and shall take, any actions deemed appropriate in order to effect the foregoing in accordance with Article 8.

    In no event shall (a) the Borrowers or any Restricted Subsidiary be permitted to transfer or dispose of material intellectual property
      to its equityholders if such material intellectual property is, following such distribution, licensed by the Lead Borrower and/or any Restricted Subsidiary from the recipient of such material intellectual property for use by the Lead Borrower or such
      Restricted Subsidiary in the ordinary course of business (other than pursuant to a bona fide “transition service” or similar arrangement or in the same manner as other customers, suppliers or commercial partners of the relevant transferee generally),
      and (b) any Loan Party transfer, assign or exclusively license (i) any material intellectual property to any Unrestricted Subsidiary or (ii) any Trademarks to any Restricted Subsidiary that is not a Loan Party; provided that, the restriction
      in this clause (b)(ii) shall not prohibit the transfer of Trademarks in an aggregate principal amount, together with all investments pursuant to clause (b)(ii) of the last paragraph of Section 6.06 and releases pursuant to clause (b)(3) of the
      nineteenth paragraph of Article 8, not to exceed $250,000,000.

    Section 6.08          [Reserved].

    Section 6.09          Transactions with Affiliates. 

        The Borrowers shall not, nor shall they permit any of their Restricted Subsidiaries to, enter into any transaction (including the purchase, sale, lease or exchange of any property or the rendering of any service) involving payment in excess of
        $5,000,000 with any of their respective Affiliates on terms that are less favorable to the applicable Borrower or such Restricted Subsidiary, as the case may be (as reasonably determined by the applicable Borrower), than those that might be
        obtained at the time in a comparable arm’s-length transaction from a Person who is not an Affiliate; provided that the foregoing restriction shall not apply to:

    (a)          any transaction between or among the
        Borrowers and/or one or more Restricted Subsidiaries (or any entity that becomes a Restricted Subsidiary as a result of such transaction) to the extent permitted or not restricted by this Agreement;

    (b)          any issuance, sale or grant of
        securities or other payments, awards or grants in Cash, securities or otherwise pursuant to, or the funding of employment arrangements, stock options and stock ownership plans approved by the board of directors (or equivalent governing body) of any
        Parent Company or of the Borrowers or any Restricted Subsidiary;

    (c)          (i) any collective bargaining,
        employment or severance agreement or compensatory (including profit sharing) arrangement entered into by the Borrowers or any of their Restricted Subsidiaries with their respective current or former officers, directors, members of management,
        managers, employees, consultants or independent contractors or those of any Parent Company, (ii) any subscription agreement or similar agreement pertaining to the repurchase of Capital Stock pursuant to put/call rights or similar rights with
        current or former officers, directors, members of management, managers, employees, consultants or independent contractors and (iii) transactions pursuant to any employee compensation, benefit plan, stock option plan or arrangement, any health,
        disability or similar insurance plan which covers current or former officers, directors, members of management, managers, employees, consultants or independent contractors or any employment contract or arrangement;

    
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    (d)          (i) transactions permitted by Sections 6.01(d),
        (o), (bb) and (ee), 6.04 and 6.06(h), (m), (o), (q), (t), (v), (x), (y), (z), (aa) and (cc) and (ii) issuances of Capital Stock and
        Indebtedness not restricted by this Agreement;

    (e)          (i) transactions in existence on the
        Closing Date and/or the transactions contemplated by this Agreement, and any amendment, modification or extension thereof to the extent such amendment, modification or extension, taken as a whole, is not (x) materially adverse to the Lenders or
        (y) more disadvantageous to the Lenders than the relevant transaction in existence on the Closing Date and/or (ii) the transactions set forth on Schedule 6.09;

    (f)          [reserved];

    (g)          the Transactions, including the payment
        of Transaction Costs;

    (h)          customary compensation to Affiliates in
        connection with financial advisory, financing, underwriting or placement services or in respect of other investment banking activities and other transaction fees, which payments are approved by the majority of the members of the board of directors
        (or similar governing body) or a majority of the disinterested members of the board of directors (or similar governing body) of the applicable Borrower in good faith;

    (i)          Guarantees permitted by Section 6.01
        or Section 6.06;

    (j)          loans and other transactions among the
        Loan Parties to the extent permitted under this Article 6;

    (k)          the payment of customary fees and
        reasonable out-of-pocket costs to, and indemnities provided on behalf of, members of the board of directors (or similar governing body), officers, employees, members of management, managers, consultants and independent contractors of the Borrowers
        and/or any of their Restricted Subsidiaries in the ordinary course of business and, in the case of payments to such Person in such capacity on behalf of any Parent Company, to the extent attributable to the operations of the Borrowers or their
        Restricted Subsidiaries;

    (l)          transactions with customers, clients,
        suppliers, joint ventures, purchasers or sellers of goods or services or providers of employees or other labor entered into in the ordinary course of business, which are (i) fair to the Borrowers and/or their applicable Restricted Subsidiary in the
        good faith determination of the board of directors (or similar governing body) of the applicable Borrower or the senior management thereof or (ii) on terms at least as favorable as might reasonably be obtained from a Person other than an Affiliate;

    (m)          the payment of reasonable out-of-pocket
        costs and expenses related to registration rights and customary indemnities provided to shareholders under any shareholder agreement;

    (n)          (i) any purchase by Holdings of the
        Capital Stock of (or contribution to the equity capital of) the Borrowers and (ii) any intercompany loans made by Holdings to the Borrowers or any Restricted Subsidiary; and

    (o)          any transaction in respect of which a
        Borrower delivers to the Administrative Agent a letter addressed to the board of directors (or equivalent governing body) of such Borrower from an accounting, appraisal or investment banking firm of nationally recognized standing stating that such
        transaction is on terms that are no less favorable to such Borrower or the applicable Restricted Subsidiary than might be obtained at the time in a comparable arm’s length transaction from a Person who is not an Affiliate;

    Section 6.10          Conduct of Business. 
        From and after the Closing Date, the Lead Borrower shall not, nor shall it permit any of its Restricted Subsidiaries to, engage in any material line of business other than (a) the businesses engaged or proposed to be engaged in by the Lead Borrower
        or any Restricted Subsidiary on the Closing

    
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    Date and similar, complementary, ancillary, incidental or reasonably related businesses or reasonable extensions thereof and (b) such other lines of
      business to which the Administrative Agent may consent.

    Section 6.11          Amendments or Waivers of
          Organizational Documents.  The Borrowers shall not, nor shall they permit any Subsidiary Guarantor to, amend or modify their respective Organizational Documents, in each case in a manner that is materially adverse to the Lenders (in their
        capacities as such), without obtaining the prior written consent of the Administrative Agent; provided that, for purposes of clarity, it is understood and agreed that the Borrowers and/or any Subsidiary
        Guarantor may effect a change to its organizational form and/or consummate any other transaction that is permitted under Section 6.07.

    Section 6.12          Amendments of or Waivers
          with Respect to Certain Agreements.  The Borrowers shall not, nor shall they permit any of their Restricted Subsidiaries to, amend or otherwise modify the terms of any Restricted Debt (or the documentation governing the foregoing) if the
        effect of such amendment or modification, together with all other amendments or modifications made, is materially adverse to the interests of the Lenders (in their capacities as such); provided that, for
        purposes of clarity, it is understood and agreed that the foregoing limitation shall not otherwise prohibit any Refinancing Indebtedness or any other replacement, refinancing, amendment, supplement, modification, extension, renewal, restatement or
        refunding of any Junior Indebtedness, in each case, that is permitted under this Agreement in respect thereof.

    Section 6.13          Fiscal Year.  The Lead
        Borrower shall not change its Fiscal Year-end to a date other than September 30; provided that the Lead Borrower may, upon written notice to the Administrative Agent, change the Fiscal Year-end of the Lead
        Borrower to another date, in which case the Lead Borrower and the Administrative Agent will, and are hereby authorized to, make any adjustments to this Agreement that are necessary to reflect such change in Fiscal Year.

    Section 6.14          Permitted Activities of
          Holdings.  Holdings shall not:

    (a)          incur any Indebtedness for borrowed
        money other than (i) Indebtedness under the Loan Documents, or otherwise in connection with the Transactions, (ii) Indebtedness of the type permitted under Section 6.01(o) and (iii) Guarantees of Indebtedness or other obligations of the Borrowers
        and/or any Restricted Subsidiary that are otherwise permitted hereunder;

    (b)          create or suffer to exist any Lien on
        any property or asset now owned or hereafter acquired by it other than (i) the Liens created or permitted under the Collateral Documents, in each case, to which it is a party, (ii) any other Lien created in connection with the Transactions,
        (iii) Permitted Liens on the Collateral that are secured on a pari passu or junior basis with the Secured Obligations, so long as such Permitted Liens secure Guarantees permitted under clause (a)(ii)
        above and the underlying Indebtedness subject to such Guarantee is permitted to be secured on the same basis pursuant to Section 6.02 and (iv) Liens of the type permitted under Section 6.02 (other than in respect of debt for
        borrowed money);

    (c)          engage in any business activity or own
        any material assets other than (i) holding the Capital Stock of the Lead Borrower, and, indirectly, any other subsidiary of the Lead Borrower, (ii) performing its obligations under the Loan Documents and other Indebtedness, Liens (including the
        granting of Liens) and Guarantees permitted hereunder; (iii) issuing its own Capital Stock (including, for the avoidance of doubt, the making of any dividend or distribution on account of, or any redemption, retirement, sinking fund or similar
        payment, purchase or other acquisition for value of, any shares of any class of Capital Stock); (iv) filing Tax reports and paying Taxes and other customary obligations in the ordinary course (and contesting any Taxes); (v) preparing reports to
        Governmental Authorities and to its shareholders; (vi) holding director and shareholder meetings, preparing organizational records and other organizational activities required to maintain its separate organizational structure or to comply with
        applicable Requirements of Law; ; (vii) [reserved]); (viii) holding (A) Cash, Cash Equivalents and other assets received in connection with permitted distributions or dividends received from, or permitted Investments or permitted Dispositions made
        by, any of its subsidiaries or permitted contributions to the capital of, or proceeds from the issuance of Capital Stock of, Holdings pending the application thereof or payment of dividends and (B) the proceeds of Indebtedness permitted by Section 6.01;
        (x) providing indemnification for its officers, directors, members of management, employees and advisors or consultants; (xi) participating in tax, accounting and other administrative matters as a member of a consolidated group in which both
        Holdings and the

    
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    Lead Borrower are members, including compliance with applicable laws and legal, tax and accounting matters related thereto and activities relating to its
      employees; (xii) making payments of the type permitted under Section 6.09(f) and the performance of its obligations under any document, agreement and/or Investment contemplated by the Transactions, the transactions contemplated by this
      Agreement, or otherwise not prohibited under this Agreement; (xiii) complying with applicable Requirements of Law (including with respect to the maintenance of its existence); (xiv) making and holding intercompany loans to the Borrowers and/or the
      Restricted Subsidiaries of the Borrowers, as applicable; (xv) making and holding Investments of the type permitted under Section 6.06(h); and (xvi) activities incidental to any of the foregoing; or

    (d)          consolidate or amalgamate with, or merge
        with or into, or convey, sell or otherwise transfer all or substantially all of its assets to, any Person; provided that, so long as no Default or Event of Default exists or would result therefrom,
        (A) Holdings may consolidate or amalgamate with, or merge with or into, any other Person (other than the Borrowers and any of their subsidiaries) so long as (i) Holdings is the continuing or surviving Person or (ii) if the Person formed by or
        surviving any such consolidation, amalgamation or merger is not Holdings, (x) the successor Person expressly assumes all obligations of Holdings under this Agreement and the other Loan Documents to which Holdings is a party pursuant to a supplement
        hereto and/or thereto in a form reasonably satisfactory to the Administrative Agent and (y) the Lead Borrower delivers a certificate of a Responsible Officer with respect to the satisfaction of the conditions set forth in clause (x) of this
        clause (A) and (B) Holdings may convey, sell or otherwise transfer all or substantially all of its assets to any other Person (other than the Borrowers and any of their subsidiaries) so long as (x) no Change of Control results therefrom,
        (y) the Person acquiring such assets expressly assumes all of the obligations of Holdings under this Agreement and the other Loan Documents to which Holdings is a party pursuant to a supplement hereto and/or thereto in a form reasonably
        satisfactory to the Administrative Agent and (z) the Lead Borrower delivers a certificate of a Responsible Officer with respect to the satisfaction of the conditions under clause (x) set forth in this clause (B); provided, further, that if the conditions set forth in the preceding proviso are satisfied, the successor to Holdings will succeed to, and be substituted for, Holdings
        under this Agreement.

    Section 6.15          Financial Covenant.

    (a)          Total Net Leverage Ratio.  With
        respect to the Revolving Facility only, on the last day of any Test Period (it being understood and agreed that this Section 6.15 shall not apply until the last day of the first Fiscal Quarter ending after the Closing Date), the Lead
        Borrower shall not permit the Total Net Leverage Ratio to be greater than 6.00:1.00.

    (b)          Financial Cure.  Notwithstanding
        anything to the contrary in this Agreement (including Article 7), upon the occurrence of an Event of Default as a result of the Lead Borrower’s failure to comply with Section 6.15(a) above for any Fiscal Quarter, the Lead Borrower
        shall have the right (the “Cure Right”) (at any time during such Fiscal Quarter or thereafter until the date that is 10 Business Days after the date on which financial statements for such Fiscal Quarter are
        required to be delivered pursuant to Section 5.01(a) or (b), as applicable) to issue Qualified Capital Stock or other equity (such other equity to be on terms reasonably acceptable to the Administrative Agent) for Cash or otherwise
        receive Cash contributions in respect of Qualified Capital Stock (the “Cure Amount”), and thereupon the Lead Borrower’s compliance with Section 6.15(a) shall be recalculated giving effect to a pro
        forma increase in the amount of Consolidated Adjusted EBITDA by an amount equal to the Cure Amount (notwithstanding the absence of a related addback in the definition of “Consolidated Adjusted EBITDA”) solely for the purpose of determining
        compliance with Section 6.15(a) as of the end of such Fiscal Quarter and for applicable subsequent periods that include such Fiscal Quarter.  If, after giving effect to the foregoing recalculation (but not, for the avoidance of doubt,
        taking into account any immediate repayment of Indebtedness in connection therewith), the requirements of Section 6.15(a) would be satisfied, then the requirements of Section 6.15(a) shall be deemed satisfied as of the end of the
        relevant Fiscal Quarter with the same effect as though there had been no failure to comply therewith at such date, and the applicable breach or default of Section 6.15(a) that had occurred (or would have occurred) shall be deemed cured for
        the purposes of this Agreement.  Notwithstanding anything herein to the contrary, (i) in each four consecutive Fiscal Quarter period there shall be at least two Fiscal Quarters (which may, but are not required to be, consecutive) in which the Cure
        Right is not exercised, (ii) during the term of this Agreement, the Cure Right shall not be exercised more than five times, (iii) the Cure Amount shall be no greater than the amount required for the purpose of complying with Section 6.15(a),
        (iv) upon the Administrative Agent’s receipt of a written notice from the Lead Borrower that the Lead Borrower intends to exercise the Cure Right (a

    
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    “Notice of Intent to Cure”), until the 10th Business Day following the date on which financial statements for the
      Fiscal Quarter to which such Notice of Intent to Cure relates are required to be delivered pursuant to Section 5.01(a) or (b), as applicable, neither the Administrative Agent (nor any sub-agent therefor) nor any Lender shall exercise
      any right to accelerate the Loans or terminate the Revolving Credit Commitments or any Additional Commitments, and none of the Administrative Agent (nor any sub-agent therefor) nor any Lender or Secured Party shall exercise any right to foreclose on
      or take possession of the Collateral or any other right or remedy under the Loan Documents solely on the basis of the relevant Event of Default under Section 6.15(a), (v) during any Test Period in which any Cure Amount is included in the
      calculation of Consolidated Adjusted EBITDA as a result of any exercise of the Cure Right, such Cure Amount shall be (A) counted solely as an increase to Consolidated Adjusted EBITDA (and not as a reduction of Indebtedness) for the purpose of
      determining compliance with Section 6.15(a) and (B) disregarded for all other purposes, including the purpose of determining whether any financial ratio-based condition has been satisfied, the Applicable Rate or the Commitment Fee Rate or the
      availability of any carve-out set forth in Article 6 of this Agreement and (vi) no Revolving Lender or Issuing Bank shall be required to make any Revolving Loan or issue any Letter of Credit from and after such time as the Administrative
      Agent has received the Notice of Intent to Cure unless and until the Cure Amount is actually received.

    Section 6.16          Center of Main Interests. 

        With respect to each Pre-Approved Borrower or Other Non-U.S. Revolving Borrower that is subject to the European Insolvency Regulation, not, without the prior written consent of the Administrative Agent, change its centre of main interest (as that
        term is used in Article 3(1) of the European Insolvency Regulation) unless it is changing to a centre of main interest located in the same country as the original centre of main interest.

    ARTICLE 7

      

      EVENTS OF DEFAULT

    Section 7.01          Events of Default.  If
        any of the following events (each, an “Event of Default”) shall occur:

    (a)          Failure To Make Payments When Due. 

        Failure by the Borrowers to pay (i) any installment of principal of any Loan when due, whether at stated maturity, by acceleration, by notice of voluntary prepayment, by mandatory prepayment or otherwise; or (ii) any interest on any Loan or any fee
        or any other amount due hereunder within five Business Days after the date due; or

    (b)          Default in Other Agreements. 
        (i) Failure by any Loan Party or any of its Restricted Subsidiaries to pay when due any principal of or interest on or any other amount payable in respect of one or more items of Indebtedness (other than Indebtedness referred to in clause (a)
        above) with an aggregate outstanding principal amount exceeding the Threshold Amount, in each case beyond the grace period, if any, provided therefor; or (ii) breach or default by any Loan Party or any of its Restricted Subsidiaries with respect to
        any other term of (A) one or more items of Indebtedness with an aggregate outstanding principal amount exceeding the Threshold Amount or (B) any loan agreement, mortgage, indenture or other agreement relating to such item(s) of Indebtedness (other
        than, for the avoidance of doubt, with respect to Indebtedness consisting of Hedging Obligations, termination events or equivalent events pursuant to the terms of the relevant Hedge Agreement which are not the result of any default thereunder by
        any Loan Party or any Restricted Subsidiary), in each case beyond the grace period, if any, provided therefor, if the effect of such breach or default is to cause, or to permit the holder or holders of such Indebtedness (or a trustee or agent on
        behalf of such holder or holders) to cause, such Indebtedness to become or be declared due and payable (or redeemable) prior to its stated maturity or the stated maturity of any underlying obligation, as the case may be; provided that clause (ii) of this paragraph (b) shall not apply to secured Indebtedness that becomes due as a result of the voluntary sale or transfer of the property securing such Indebtedness if such sale or
        transfer is permitted hereunder; provided, further, that any failure described under clause (i) or (ii) above is unremedied and is not waived by the
        holders of such Indebtedness prior to any termination of the Commitments or acceleration of the Loans pursuant to Article 7; or

    (c)          Breach of Certain Covenants. 
        Failure of any Loan Party, as required by the relevant provision, to perform or comply with any term or condition contained in Section 5.02 (as it applies to the preservation of the existence of the Borrowers), or Article 6; ; or

    
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    (d)          Breach of Representations, Etc. 
        Any representation, warranty or certification made or deemed made by any Loan Party in any Loan Document or in any certificate required to be delivered in connection herewith or therewith (including, for the avoidance of doubt, any Perfection
        Certificate and any Perfection Certificate Supplement) being untrue in any material respect as of the date made or deemed made; or

    (e)          Other Defaults Under Loan Documents. 

        Default by any Loan Party in the performance of or compliance with any term contained herein or any of the other Loan Documents, other than any such term referred to in any other Section of this Article 7, which default has not been
        remedied or waived within 30 days after receipt by the Borrower of written notice thereof from the Administrative Agent; or

    (f)          Involuntary Bankruptcy; Appointment
          of Receiver, Etc.  (i) The entry by a court of competent jurisdiction of a decree or order for relief in respect of Holdings, the Borrowers or any of their Restricted Subsidiaries (other than any Immaterial Subsidiary) in an involuntary case
        under any Debtor Relief Law now or hereafter in effect, which decree or order is not stayed; or any other similar relief shall be granted under any applicable federal, state or local law; or (ii) the commencement of an involuntary case against
        Holdings, the Borrowers or any of their Restricted Subsidiaries (other than any Immaterial Subsidiary) under any Debtor Relief Law; the entry by a court having jurisdiction in the premises of a decree or order for the appointment of a receiver,
        receiver and manager, (preliminary) insolvency receiver, liquidator, sequestrator, trustee, custodian or other officer having similar powers over Holdings, the Borrowers or any of their Restricted Subsidiaries (other than any Immaterial
        Subsidiary), or over all or a substantial part of its property; or the involuntary appointment of an interim receiver, trustee or other custodian of Holdings, the Borrowers or any of their Restricted Subsidiaries (other than any Immaterial
        Subsidiary) for all or a substantial part of its property, which remains undismissed, unvacated, unbounded or unstayed pending appeal for 60 consecutive days; or

    (g)          Voluntary Bankruptcy; Appointment of
          Receiver, Etc.  (i) The entry against Holdings, the Borrowers or any of their Restricted Subsidiaries (other than any Immaterial Subsidiary) of an order for relief, the commencement by Holdings, the Borrowers or any of their Restricted
        Subsidiaries (other than any Immaterial Subsidiary) of a voluntary case under any Debtor Relief Law, or the consent by Holdings, the Borrowers or any of their Restricted Subsidiaries (other than any Immaterial Subsidiary) to the entry of an order
        for relief in an involuntary case or to the conversion of an involuntary case to a voluntary case, under any Debtor Relief Law, or the consent by the Borrowers or any of their Restricted Subsidiaries (other than any Immaterial Subsidiary) to the
        appointment of or taking possession by a receiver, receiver and manager, trustee or other custodian for all or a substantial part of its property; (ii) the making by Holdings, the Borrowers or any of their Restricted Subsidiaries (other than any
        Immaterial Subsidiary) of a general assignment for the benefit of creditors; or (iii) the admission by Holdings, the Borrowers or any of their Restricted Subsidiaries (other than any Immaterial Subsidiary) in writing of their inability to pay their
        respective debts as such debts become due; or

    (h)          Judgments and Attachments.  The
        entry or filing of one or more final money judgments, writs or warrants of attachment or similar process against Holdings, the Borrowers or any of their Restricted Subsidiaries or any of their respective assets involving in the aggregate at any
        time an amount in excess of the Threshold Amount (in either case to the extent not adequately covered by self-insurance (if applicable) or by insurance as to which the relevant third party insurance company has been notified and not denied
        coverage), which judgment, writ, warrant or similar process remains unpaid, undischarged, unvacated, unbonded or unstayed pending appeal for a period of 60 days; or

    (i)          Employee Benefit Plans.  The
        occurrence of one or more ERISA Events, which individually or in the aggregate result in liability of Holdings, the Borrowers or any of their Restricted Subsidiaries in an aggregate amount which would reasonably be expected to result in a Material
        Adverse Effect; or

    (j)          Change of Control.  The
        occurrence of a Change of Control; or

    (k)          Guaranties, Collateral Documents and
          Other Loan Documents.  At any time after the execution and delivery thereof (i) any material Loan Guaranty for any reason ceasing to be in full force and effect (other than in accordance with its terms or as a result of the occurrence of the
        Termination Date) or being declared to be null and void or the repudiation in writing by any Loan Party of its obligations thereunder (other than as a result of the discharge of such Loan Party in accordance with the terms thereof), (ii) this
        Agreement, any intercreditor

    
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    agreement or any material Collateral Document ceasing to be in full force and effect (other than by reason of a release of Collateral in accordance with
      the terms hereof or thereof, the occurrence of the Termination Date or any other termination of such Collateral Document in accordance with the terms thereof) or being declared null and void or (iii) the contesting by any Loan Party of the validity
      or enforceability of any material provision of any Loan Document (or any Lien purported to be created by the Collateral Documents or Loan Guaranty) in writing or denial by any Loan Party in writing that it has any further liability (other than by
      reason of the occurrence of the Termination Date), including with respect to future advances by the Lenders, under any Loan Document to which it is a party; or

    (l)          Subordination.  The Obligations
        ceasing or the assertion in writing by any Loan Party that the Obligations cease to constitute senior indebtedness under the subordination provisions of any document or instrument evidencing any permitted Subordinated Indebtedness in excess of the
        Threshold Amount or any such subordination provision being invalidated or otherwise ceasing, for any reason, to be valid, binding and enforceable obligations of the parties thereto;

    then, and in every such event (other than (x) an event with respect to the Borrowers described in clause (f) or (g) of this Article or
      (y) any Event of Default arising under Section 6.15(a)) and at any time thereafter during the continuance of such event, the Administrative Agent may with the consent of, and shall at the request of, the Required Lenders, by notice to the
      Borrowers, take any of the following actions, at the same or different times:  (i) terminate the Revolving Credit Commitments, any Ancillary Commitments or any Additional Commitments, and thereupon such Commitments, Ancillary Commitments and/or
      Additional Commitments shall terminate immediately, (ii) declare the Loans and obligations under any Ancillary Facility then outstanding to be due and payable in whole (or in part, in which case any principal not so declared to be due and payable may
      thereafter be declared to be due and payable), and thereupon the principal of the Loans and obligations under any Ancillary Facility so declared to be due and payable, together with accrued interest thereon and all fees and other obligations of the
      Borrowers accrued hereunder, shall become due and payable immediately, without presentment, demand, protest or other notice of any kind, all of which are hereby waived by the Borrowers and (iii) require that the Borrowers deposit in the LC Collateral
      Account an additional amount in Cash as reasonably requested by the Issuing Banks (not to exceed 100% of the relevant face amount) of the then outstanding LC Exposure (minus the amount then on deposit in the
      LC Collateral Account) and, if requested by the relevant Ancillary Lender(s), any Ancillary Outstandings; provided that (A) upon the occurrence of an event with respect to the Borrowers described in clause (f)
      or (g) of this Article under the Bankruptcy Code, any such Commitments, Ancillary Commitments and/or Additional Commitments shall automatically terminate and the principal of the Loans then outstanding, together with accrued interest thereon
      and all fees and other obligations of the Borrowers accrued hereunder, shall automatically become due and payable, without presentment, demand, protest or other notice of any kind, all of which are hereby waived by the Borrowers, and the obligation
      of the Borrowers to Cash collateralize the outstanding Letters of Credit or Ancillary Outstandings as aforesaid shall automatically become effective, in each case without further action of the Administrative Agent or any Lender and (B) during the
      continuance of any Event of Default arising under Section 6.15(a), (X) upon the request of the Required Lenders (but not any other Lender or group of Lenders), the Administrative Agent shall, by notice to the Borrowers, (1) terminate the
      Revolving Credit Commitments, and thereupon such Revolving Credit Commitments shall terminate immediately, (2) declare the Revolving Loans then outstanding to be due and payable in whole (or in part, in which case any principal not so declared to be
      due and payable may thereafter be declared to be due and payable), and thereupon the principal of the Revolving Loans so declared to be due and payable, together with accrued interest thereon and all fees and other obligations of the Borrowers
      accrued hereunder, shall become due and payable immediately, without presentment, demand, protest or other notice of any kind, all of which are hereby waived by the Borrowers and (3) require that any Borrower deposit in the LC Collateral Account an
      additional amount in Cash as reasonably requested by the Issuing Banks (not to exceed 100% of the relevant face amount) of the then outstanding LC Exposure (minus the amount then on deposit in the LC Collateral Account) and (Y) on or after the date
      on which the rights under clause (X) above are exercised, the Administrative Agent may with the consent of, and shall at the request of, the Required Lenders, by notice to the Borrowers, declare the Loans then outstanding to be due and payable in
      whole (or in part, in which case any principal not so declared to be due and payable may thereafter be declared to be due and payable), and thereupon the principal of the Loans so declared to be due and payable, together with accrued interest thereon
      and all fees and other obligations of the Borrowers accrued hereunder, shall become due and payable immediately, without presentment, demand, protest or other notice of any kind, all of which are hereby waived by the Borrowers.  Upon the occurrence
      and during the continuance of an Event of Default, the

    
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    Administrative Agent may, with the consent of and shall, at the request of, the Required Lenders, exercise any rights and remedies provided to the
      Administrative Agent under the Loan Documents or at law or equity, including all remedies provided under the UCC.

    ARTICLE 8

      

      THE ADMINISTRATIVE AGENT

    Each of the Lenders and the Issuing Banks hereby irrevocably appoints RBC (or any successor appointed pursuant hereto) as
      Administrative Agent and authorizes the Administrative Agent to take such actions on its behalf, including execution of the other Loan Documents, and to exercise such powers as are delegated to the Administrative Agent by the terms of the Loan
      Documents, together with such actions and powers as are reasonably incidental thereto.

    Any Person serving as Administrative Agent hereunder shall have the same rights and powers in its capacity as a Lender as any other
      Lender and may exercise the same as though it were not the Administrative Agent, and the term “Lender” or “Lenders” shall, unless otherwise expressly indicated, unless the context otherwise requires or unless such Person is in fact not a Lender,
      include each Person serving as Administrative Agent hereunder in its individual capacity.  Such Person and its Affiliates may accept deposits from, lend money to, act as the financial advisor or in any other advisory capacity for and generally engage
      in any kind of business with any Loan Party or any subsidiary of any Loan Party or other Affiliate thereof as if it were not the Administrative Agent hereunder.  The Lenders acknowledge that, pursuant to such activities, the Administrative Agent or
      its Affiliates may receive information regarding any Loan Party or any of its Affiliates (including information that may be subject to confidentiality obligations in favor of such Loan Party or such Affiliate) and acknowledge that the Administrative
      Agent shall not be under any obligation to provide such information to them.

    The Administrative Agent shall not have any duties or obligations except those expressly set forth in the Loan Documents.  Without
      limiting the generality of the foregoing, (a) the Administrative Agent shall not be subject to any fiduciary or other implied duties, regardless of whether a Default or Event of Default exists, and the use of the term “agent” herein and in the other
      Loan Documents with reference to the Administrative Agent is not intended to connote any fiduciary or other implied (or express) obligations arising under agency doctrine of any applicable law; it being understood that such term is used merely as a
      matter of market custom, and is intended to create or reflect only an administrative relationship between independent contracting parties, (b) the Administrative Agent shall not have any duty to take any discretionary action or exercise any
      discretionary power, except discretionary rights and powers that are expressly contemplated by the Loan Documents and which the Administrative Agent is required to exercise in writing as directed by the Required Lenders (or such other number or
      percentage of the Lenders as shall be necessary under the relevant circumstances as provided in Section 9.02); provided that the Administrative Agent shall not be required to take any action that, in
      its opinion or the opinion of its counsel, may expose the Administrative Agent to liability or that is contrary to any Loan Document or applicable laws, and (c) 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 Lead Borrower or any of its Restricted Subsidiaries that is communicated to or obtained by the Person serving as Administrative Agent or
      any of its Affiliates in any capacity.  The Administrative Agent shall not be liable to the Lenders or any other Secured Party for any action taken or not taken by it with the consent or at the request of the Required Lenders (or such other number or
      percentage of the Lenders as shall be necessary, or as the Administrative Agent shall believe in good faith shall be necessary, under the relevant circumstances as provided in Section 9.02) or in the absence of its own gross negligence or
      willful misconduct, as determined by the final judgment of a court of competent jurisdiction, in connection with its duties expressly set forth herein.  The Administrative Agent shall not be deemed to have knowledge of any Default or Event of Default
      unless and until written notice thereof is given to the Administrative Agent by the Borrowers or any 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 hereunder or in connection with any Loan Document, (iii) the performance or observance of any covenant, agreement
      or other term or condition set forth in any Loan Document or the occurrence of any Default or Event of Default, (iv) the validity, enforceability, effectiveness or genuineness of any Loan Document or any other agreement, instrument or document,
      (v) the creation, perfection or priority of any Lien on the Collateral or the existence, value or sufficiency of the Collateral,

    
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     (vi) the satisfaction of any condition set forth in Article 4 or elsewhere in any Loan Document, other than to confirm receipt of items
      expressly required to be delivered to the Administrative Agent or (vii) any property, book or record of any Loan Party or any Affiliate thereof.

    If any Lender acquires knowledge of a Default or Event of Default, it shall promptly notify the Administrative Agent and the other
      Lenders thereof in writing.  Each Lender agrees that, except with the written consent of the Administrative Agent, it will not take any enforcement action hereunder or under any other Loan Document, accelerate the Obligations under any Loan Document,
      or exercise any right that it might otherwise have under applicable law or otherwise to credit bid at any foreclosure sale, UCC sale, any sale under Section 363 of the Bankruptcy Code or other similar Dispositions of Collateral.  Notwithstanding the
      foregoing, however, a Lender may take action to preserve or enforce its rights against a Loan Party where a deadline or limitation period is applicable that would, absent such action, bar enforcement of the Obligations held by such Lender, including
      the filing of a proof of claim in a case under the Bankruptcy Code.

    Notwithstanding anything to the contrary contained herein or in any of the other Loan Documents, the Borrowers, the Administrative
      Agent and each Secured Party agree that (i) no Secured Party shall have any right individually to realize upon any of the Collateral or to enforce the Loan Guaranty; it being understood and agreed that all powers, rights and remedies hereunder may be
      exercised solely by, the Administrative Agent, on behalf of the Secured Parties in accordance with the terms hereof and all powers, rights and remedies under the other Loan Documents may be exercised solely by, the Administrative Agent, and (ii) in
      the event of a foreclosure by the Administrative Agent on any of the Collateral pursuant to a public or private sale or in the event of any other Disposition (including pursuant to Section 363 of the Bankruptcy Code), (A) the Administrative Agent, as
      agent for and representative of the Secured Parties, shall be entitled, for the purpose of bidding and making settlement or payment of the purchase price for all or any portion of the Collateral sold at any such sale, to use and apply any of the
      Obligations as a credit on account of the purchase price for any Collateral payable by the Administrative Agent at such Disposition and (B) the Administrative Agent or any Lender may be the purchaser or licensor of any or all of such Collateral at
      any such Disposition.

    No holder of any Secured Hedging Obligation, Banking Services Obligation or Ancillary Obligation in its respective capacity as such
      shall have any rights in connection with the management or release of any Collateral or of the obligations of any Loan Party under this Agreement.

    Each of the Lenders hereby irrevocably authorizes (and by entering into a Hedge Agreement with respect to any Secured Hedging
      Obligation, by entering into documentation in connection with any Banking Services Obligation and/or by entering into any Ancillary Documents in connection with any Ancillary Obligation, each of the other Secured Parties hereby authorizes and shall
      be deemed to authorize) the Administrative Agent, on behalf of all Secured Parties to take any of the following actions upon the instruction of the Required Lenders:

    (a)          consent to the Disposition of all or any
        portion of the Collateral free and clear of the Liens securing the Secured Obligations in connection with any Disposition pursuant to the applicable provisions of the Bankruptcy Code, including Section 363 thereof;

    (b)          credit bid all or any portion of the
        Secured Obligations, or purchase all or any portion of the Collateral (in each case, either directly or through one or more acquisition vehicles), in connection with any Disposition of all or any portion of the Collateral pursuant to the applicable
        provisions of the Bankruptcy Code, including under Section 363 thereof;

    (c)          credit bid all or any portion of the
        Secured Obligations, or purchase all or any portion of the Collateral (in each case, either directly or through one or more acquisition vehicles), in connection with any Disposition of all or any portion of the Collateral pursuant to the applicable
        provisions of the UCC, including pursuant to Sections 9-610 or 9-620 of the UCC;

    (d)          credit bid all or any portion of the
        Secured Obligations, or purchase all or any portion of the Collateral (in each case, either directly or through one or more acquisition vehicles), in connection with any foreclosure or other Disposition conducted in accordance with applicable law
        following the occurrence of an Event of Default, including by power of sale, judicial action or otherwise; and/or

    
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    (e)          estimate the amount of any contingent or
        unliquidated Secured Obligations of such Lender or other Secured Party;

    it being understood that no Lender shall be required to fund any amount in connection with any purchase of all or any portion of the Collateral by the
      Administrative Agent pursuant to the foregoing clause (b), (c) or (d) without its prior written consent.

    Each Secured Party agrees that the Administrative Agent is under no obligation to credit bid any part of the Secured Obligations or to
      purchase or retain or acquire any portion of the Collateral; provided that, in connection with any credit bid or purchase described under clause (b), (c) or (d) of the preceding
      paragraph, the Secured Obligations owed to all of the Secured Parties (other than with respect to contingent or unliquidated liabilities as set forth in the next succeeding paragraph) may be, and shall be, credit bid by the Administrative Agent on a
      ratable basis.

    With respect to each contingent or unliquidated claim that is a Secured Obligation, the Administrative Agent is hereby authorized, but
      is not required, to estimate the amount thereof for purposes of any credit bid or purchase described in the second preceding paragraph so long as the estimation of the amount or liquidation of such claim would not unduly delay the ability of the
      Administrative Agent to credit bid the Secured Obligations or purchase the Collateral in the relevant Disposition.  In the event that the Administrative Agent, in its sole and absolute discretion, elects not to estimate any such contingent or
      unliquidated claim or any such claim cannot be estimated without unduly delaying the ability of the Administrative Agent to consummate any credit bid or purchase in accordance with the second preceding paragraph, then any contingent or unliquidated
      claims not so estimated shall be disregarded, shall not be credit bid, and shall not be entitled to any interest in the portion or the entirety of the Collateral purchased by means of such credit bid.

    Each Secured Party whose Secured Obligations are credit bid under clause (b), (c) or (d) of the third
      preceding paragraph shall be entitled to receive interests in the Collateral or any other asset acquired in connection with such credit bid (or in the Capital Stock of the acquisition vehicle or vehicles that are used to consummate such acquisition)
      on a ratable basis in accordance with the percentage obtained by dividing (x) the amount of the Secured Obligations of such Secured Party that were credit bid in such credit bid or other Disposition, by (y) the aggregate amount of all Secured
      Obligations that were credit bid in such credit bid or other Disposition.

    In addition, in case of the pendency of any proceeding under any Debtor Relief Law or any other judicial proceeding relative to any
      Loan Party, each Secured Party agrees that the Administrative Agent (irrespective of whether the principal of any Loan or LC Exposure is then due and payable as herein expressed or by declaration or otherwise and irrespective of whether the
      Administrative Agent shall have made any demand on the Borrowers) shall be entitled and empowered, 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 or LC Exposure 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, the Issuing Banks and the Administrative Agent (including any claim for the reasonable compensation, expenses, disbursements and advances of the Lenders, the Issuing Banks and the Administrative Agent and their respective
        agents and counsel and all other amounts to the extent due to the Lenders and the Administrative Agent under Sections 2.12 and 9.03) 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.

    Any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any such judicial proceeding is
      hereby authorized by each Lender and each Issuing Bank to make such payments to the Administrative Agent and, in the event that the Administrative Agent consents to the making of such payments directly to the Lenders and the Issuing Banks, to pay to
      the Administrative Agent any amount due for the reasonable compensation, expenses, disbursements and advances of the Administrative Agent and its agents and counsel, and any other amount due to the Administrative Agent under Sections 2.12
      and 9.03.

    
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    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 any Issuing Bank any plan of reorganization, arrangement, adjustment or composition affecting the Obligations or the rights of any Lender or any Issuing Bank or to authorize the Administrative Agent to vote in respect of the claim of
      any Lender or any Issuing Bank in any such proceeding.

    The Administrative Agent shall be entitled to rely upon, and shall not incur any liability for relying upon, any notice, request,
      certificate, consent, statement, instrument, document or other writing (including any electronic message, Internet or intranet website posting or other distribution) believed by it to be genuine and to have been signed, sent or otherwise
      authenticated by the proper Person.  The Administrative Agent also may rely upon any statement made to it orally or by telephone and believed by it to have been made by the proper Person, and shall not incur any liability for relying thereon.  In
      determining compliance with any condition hereunder to the making of a Loan, or the issuance of a Letter of Credit, that by its terms must be fulfilled to the satisfaction of a Lender or the applicable Issuing Bank, the Administrative Agent may
      presume that such condition is satisfactory to such Lender unless the Administrative Agent has received notice to the contrary from such Lender or Issuing Bank prior to the making of such Loan or the issuance of such Letter of Credit.  The
      Administrative Agent may consult with legal counsel (who may be counsel for the Lead Borrower), independent accountants and other experts selected by it, and shall not be liable for any action taken or not taken by it in accordance with the advice of
      any such counsel, accountants or experts.

    The Administrative Agent may perform any and all of its duties and exercise its rights and powers by or through any one or more
      sub-agents appointed by it.  The Administrative Agent and any such sub-agent may perform any and all 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 in connection with the syndication of the credit facilities provided for
      herein as well as activities as the Administrative Agent.

    The Administrative Agent may resign at any time by giving ten days’ written notice to the Lenders, the Issuing Banks and the
      Borrowers.  If the Administrative Agent becomes subject to an insolvency proceeding, either the Required Lenders or the Lead Borrower may, upon ten days’ notice, remove the Administrative Agent.  Upon receipt of any such notice of resignation or
      delivery of any such notice of removal, the Required Lenders shall have the right, with the consent of the Lead Borrower (not to be unreasonably withheld or delayed), to appoint a successor Administrative Agent which shall be a commercial bank or
      trust company with offices in the U.S. having combined capital and surplus in excess of $1,000,000,000; provided that during the existence and continuation of an Event of Default under Section 7.01(a)
      or, with respect to Holdings or the Lead Borrower, Section 7.01(f) or (g), no consent of the Lead Borrower shall be required.  If no successor shall have been appointed as provided above and accepted such appointment within ten days
      after the retiring Administrative Agent gives notice of its resignation or the Administrative Agent receives notice of removal, then (a) in the case of a retirement, the retiring Administrative Agent may (but shall not be obligated to), on behalf of
      the Lenders and the Issuing Banks, appoint a successor Administrative Agent meeting the qualifications set forth above (including, for the avoidance of doubt, consent of the Lead Borrower) or (b) in the case of a removal, the Lead Borrower may, after
      consulting with the Required Lenders, appoint a successor Administrative Agent meeting the qualifications set forth above; provided that (x) in the case of a retirement, if the Administrative Agent notifies
      the Lead Borrower, the Lenders and the Issuing Banks that no qualifying Person has accepted such appointment or (y) in the case of a removal, the Lead Borrower notifies the Required Lenders that no qualifying Person has accepted such appointment,
      then, in each case, such resignation or removal shall nonetheless become effective in accordance with and on the 30th day following delivery of such notice and (i) the retiring or removed Administrative Agent shall be discharged from its duties and
      obligations hereunder and under the other Loan Documents (except that in the case of any collateral security held by the Administrative Agent in its capacity as collateral agent for the Secured Parties for perfection purposes, the retiring
      Administrative Agent shall continue to hold such collateral security until such time as a successor Administrative Agent is appointed) and (ii) all payments, communications and determinations required to be made by, to or through the Administrative
      Agent shall instead be made by or to each Lender and each Issuing Bank directly (and each Lender and each Issuing Bank will cooperate with the Borrowers to enable the Borrowers to take such actions), until such time as the Required Lenders or the
      Lead Borrower, as applicable, appoint a successor Administrative Agent, as provided for above in this Article 8.  Upon the acceptance of its appointment as Administrative Agent hereunder as a successor Administrative Agent, such successor
      Administrative

    
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    Agent shall succeed to and become vested with all the rights, powers, privileges and duties of the retiring or removed Administrative Agent (other than
      any rights to indemnity payments owed to the retiring Administrative Agent), and the retiring or removed Administrative Agent shall be discharged from its duties and obligations hereunder (other than its obligations under Section 9.13).  The
      fees payable by the Borrowers to a successor Administrative Agent shall be the same as those payable to its predecessor unless otherwise agreed between the Borrowers and such successor Administrative Agent.  After the Administrative Agent’s
      resignation or removal hereunder, the provisions of this Article and Section 9.03 shall continue in effect for the benefit of such retiring or removed Administrative Agent, its sub-agents and their respective Related Parties in respect of any
      action taken or omitted to be taken by any of them while the relevant Person was acting as Administrative Agent (including for this purpose holding any collateral security following the retirement or removal of the Administrative Agent). 
      Notwithstanding anything to the contrary herein, no Disqualified Institution (nor any Affiliate thereof) may be appointed as a successor Administrative Agent.

    Each of each Lender, each Ancillary Lender and each Issuing Bank acknowledges that it has, independently and without reliance upon the
      Administrative Agent or any other Lender or any of their Related Parties and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement.  Each of each Lender, each
      Ancillary Lender and each Issuing Bank also acknowledges that it will, independently and without reliance upon the Administrative Agent or any other Lender or any of their respective Related Parties and based on such documents and information as it
      shall from time to time deem appropriate, continue to make its own decisions in taking or not taking action under or based upon this Agreement, any other Loan Document or related agreement or any document furnished hereunder or thereunder.  Except
      for notices, reports and other documents expressly required to be furnished to the Lenders, the Ancillary Lenders and the Issuing Banks by the Administrative Agent herein, the Administrative Agent shall not have any duty or responsibility to provide
      any Lender, any Ancillary Lender or any Issuing Bank with any credit or other information concerning the business, prospects, operations, property, financial and other condition or creditworthiness of any of the Loan Parties or any of their
      respective Affiliates which may come into the possession of the Administrative Agent or any of its Related Parties.

    Notwithstanding anything to the contrary herein, the Arrangers shall not have any right, power, obligation, liability, responsibility
      or duty under this Agreement, except in their respective capacities as the Administrative Agent, an Issuing Bank or a Lender hereunder, as applicable.

    Each Secured Party irrevocably authorizes and instructs the Administrative Agent to, and the Administrative Agent shall,

    (a)          release any Lien on
        any property granted to or held by Administrative Agent under any Loan Document (i) upon the occurrence of the Termination Date, (ii) that is sold or to be sold or transferred as part of or in connection with any Disposition permitted under the
        Loan Documents to a Person that is not a Loan Party, (iii) that does not constitute (or ceases to constitute) Collateral, (iv) if the property subject to such Lien is owned by a Subsidiary Guarantor, upon the release of such Subsidiary Guarantor
        from its Loan Guaranty otherwise in accordance with the Loan Documents, (v) as required under clause (d) below or (vi) if approved, authorized or ratified in writing by the Required Lenders in accordance with Section 9.02;

    (b)          subject to Section 9.22,
        release any Subsidiary Guarantor from its obligations under the Loan Guaranty if such Person ceases to be a Restricted Subsidiary (or becomes an Excluded Subsidiary as a result of a single transaction or series of related transactions permitted
        hereunder; provided that the release of any Subsidiary Guarantor from its obligations under the Loan Guaranty if such Subsidiary Guarantor becomes an Excluded Subsidiary of the type described in clause (a)
        of the definition thereof shall only be permitted if at the time such Guarantor becomes an Excluded Subsidiary of such type (1) no Event of Default exists, (2) after giving pro forma effect to such release and the consummation of the transaction
        that causes such Person to be an Excluded Subsidiary of such type, the Lead Borrower is deemed to have made a new Investment in such Person for purposes of Section 6.06 (as if such Person were then newly acquired) in an amount equal to the
        portion of the fair market value of the net assets of such Person attributable to the Lead Borrower’s equity interest therein as reasonably estimated by the

    
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    Lead Borrower and such Investment is permitted pursuant to Section 6.06 (other than Section 6.06(f)) at such time, (3)
      such Person does not own Trademarks in an aggregate principal amount in excess of $250,000,000 minus the amount of any Trademarks Invested or Disposed in reliance on clause (b)(ii) of the last paragraph of Section 6.06 or clause (b)(ii) of the last
      paragraph of Section 6.07 and (4) a Responsible Officer of the Lead Borrower certifies to the Administrative Agent compliance with preceding clauses (1), (2) and (3));

    (c)          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 Sections 6.02(d), 6.02(e), 6.02(g), 6.02(m), 6.02(n), 6.02(o)
        (other than any Lien on the Capital Stock of any Subsidiary Guarantor), 6.02(q), 6.02(r), 6.02(x), 6.02(y), 6.02(z)(i), 6.02(bb), 6.02(cc), 6.02(ee), 6.02(ff) and 6.02(ll)
        (and any Refinancing Indebtedness in respect of any thereof to the extent such Refinancing Indebtedness is permitted to be secured under Section 6.02(k)); provided that the subordination of any
        Lien on any property granted to or held by the Administrative Agent shall only be required to the extent that the Lien of the Administrative Agent with respect to such property is required to be subordinated to the relevant Permitted Lien in
        accordance with applicable law or the documentation governing the Indebtedness that is secured by such Permitted Lien; and

    (d)          enter into
        subordination, intercreditor and/or similar agreements with respect to Indebtedness that is (i) required or permitted to be subordinated hereunder and/or (ii) secured by Liens, and with respect to which Indebtedness, this Agreement contemplates an
        intercreditor, subordination or collateral trust agreement.

    Upon the request of the Administrative Agent at any time, the Required Lenders will confirm in writing the Administrative Agent’s
      authority to release or subordinate its interest in particular types or items of property, or to release any Loan Party from its obligations under the Guarantee or its Lien on any Collateral pursuant to this Article 8.  In each case as
      specified in this Article 8, the Administrative Agent will (and each Lender, and Issuing Bank hereby authorizes the Administrative Agent to), at the Lead Borrower’s expense, execute and deliver to the applicable Loan Party such documents as
      such Loan Party may reasonably request to evidence the release of such item of Collateral from the assignment and security interest granted under the Collateral Documents or to subordinate its interest therein, or to release such Loan Party from its
      obligations under the Loan Guaranty, in each case in accordance with the terms of the Loan Documents and this Article 8; provided that upon the request of the Administrative Agent, the Lead Borrower
      shall deliver a certificate of a Responsible Officer certifying that the relevant transaction has been consummated in compliance with the terms of this Agreement.

    The Administrative Agent is authorized to enter any intercreditor agreement (including any Permitted Pari Passu Intercreditor
      Agreement, any First Lien/Second Lien Intercreditor Agreement or any Permitted Junior Intercreditor Agreement) contemplated hereby with respect to Indebtedness that is (i) required or permitted to be subordinated hereunder and/or (ii) secured by
      Liens and which Indebtedness contemplates an intercreditor, subordination or collateral trust agreement (any such other intercreditor agreement, an “Additional Agreement”), and the parties hereto acknowledge
      that any such Additional Agreement is binding upon them.  Each Lender and Issuing Bank (a) hereby consents to the subordination of the Liens on the Collateral securing the Obligations on the terms set forth in the First Lien/Second Lien Intercreditor
      Agreement (b) hereby agrees that it will be bound by, and will not take any action contrary to the First Lien/Second Lien Intercreditor Agreement or any Additional Agreement and (c) hereby authorizes and instructs the Administrative Agent to enter
      into any Additional Agreement and to subject the Liens on the Collateral securing the Secured Obligations to the provisions thereof.  The foregoing provisions are intended as an inducement to the Secured Parties to extend credit to the Borrowers, and
      the Secured Parties are intended third-party beneficiaries of such provisions and the provisions of the First Lien/Second Lien Intercreditor Agreement and any Additional Agreement.

    To the extent that the Administrative Agent (or any Affiliate thereof) or any Issuing Bank is not reimbursed and indemnified by the
      Lead Borrower, the Lenders will reimburse and indemnify the Administrative Agent (and any Affiliate thereof) or such Issuing Bank in proportion to their respective Applicable Percentages (or, as applicable, Dollar Revolving Applicable Percentages or
      Multicurrency Revolving Applicable Percentages) (determined as if there were no Defaulting Lenders) for and against any and all liabilities, obligations, losses,

    
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    damages, penalties, claims, actions, judgments, costs, expenses or disbursements of whatsoever kind or nature which may be imposed on, asserted against
      or incurred by the Administrative Agent (or any Affiliate thereof) or such Issuing Bank in performing its duties hereunder or under any other Loan Document or in any way relating to or arising out of this Agreement or any other Loan Document; provided that no Lender shall be liable for any portion of such liabilities, obligations, losses, damages, penalties, claims, actions, judgments, suits, costs, expenses or disbursements resulting from the
      Administrative Agent’s (or such affiliate’s) or such Issuing Bank’s gross negligence or willful misconduct (as determined by a court of competent jurisdiction in a final and non-appealable decision).

    ARTICLE 9

      

      MISCELLANEOUS

    Section 9.01          Notices.

    (a)          Except in the case of notices and other
        communications expressly permitted to be given by telephone (and subject to paragraph (b) below), all notices and other communications provided for herein shall be in writing and shall be delivered by hand or overnight courier service,
        mailed by certified or registered mail or sent by facsimile or email, as follows:

    (i)          if to any Loan Party,
        to such Loan Party in the care of the Lead Borrower at:

    Spectrum Brands, Inc.

      3001 Deming Way

      Middleton, WI 53562-1431

      Telephone:  608-275 3340

      Facsimile:  608-288-4485

      Attention:  Jeremy Smeltser

      Email:  Jeremy.smeltser@spectrumbrands.com

    with copy to (which shall not constitute notice to any Loan Party):

    Paul Weiss Rifkind Wharton & Garrison LLP

      1285 Avenue of the Americas

      New York, NY 10019

      Telephone:  (212) 373-3293

      Facsimile:  (212) 492-0292

      Attention:  Eric Goodison

      Email:  egoodison@paulweiss.com

    (ii)          if to the
        Administrative Agent, at:

    Royal Bank of Canada

      Agency Services Group

      20 King Street West, 4th Floor

      Toronto, Ontario   M5H 1C4

      Attention: Manager, Agency Services

      Facsimile: (416) 842-4023

      Email: rbcmagnt@rbccm.com with a copy to (which shall not constitute notice to the Administrative Agent):

    Paul Hastings LLP

        200 Park Avenue

        New York, New York 10166

        Attention: Michael Baker

      

    

    
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    Telephone: (212) 318-6855

      Email: michaelbaker@paulhastings.com

    (iii)          if to any Lender,
        to it at its address or facsimile number set forth in its Administrative Questionnaire.

    All such notices and other communications (A) sent by hand or overnight courier service, or mailed by certified or registered mail, shall be deemed to
      have been given when delivered in person or by courier service and signed for against receipt thereof or three Business Days after dispatch if sent by certified or registered mail, in each case, delivered, sent or mailed (properly addressed) to the
      relevant party as provided in this Section 9.01 or in accordance with the latest unrevoked direction from such party given in accordance with this Section 9.01 or (B) sent by facsimile shall be deemed to have been given when sent and
      when receipt has been confirmed by telephone; provided that received notices and other communications sent by telecopier shall be deemed to have been given when sent (except that, if not given during normal
      business hours for the recipient, such notices or other communications shall be deemed to have been given at the opening of business on the next Business Day for the recipient).  Notices and other communications delivered through electronic
      communications to the extent provided in clause (b) below shall be effective as provided in such clause (b).

    (b)          Notices and other communications to the
        Lenders hereunder may be delivered or furnished by electronic communications (including e-mail and Internet or Intranet websites) pursuant to procedures set forth herein or otherwise approved by the Administrative Agent.  The Administrative Agent
        or the Lead Borrower (on behalf of any Loan Party) may, in its discretion, agree to accept notices and other communications to it hereunder by electronic communications pursuant to procedures set forth herein or otherwise approved by it; provided that approval of such procedures may be limited to particular notices or communications.  All such notices and other communications (i) sent to an e-mail address shall be deemed received upon the
        sender’s receipt of an acknowledgement from the intended recipient (such as by the “return receipt requested” function, as available, return e-mail or other written acknowledgement); provided that if not
        given during the normal business hours of the recipient, such notice or communication shall be deemed to have been given at the opening of business on the next Business Day for the recipient, and (ii) posted to an Internet or Intranet website shall
        be deemed received upon the deemed receipt by the intended recipient at its e-mail address as described in the foregoing clause (b)(i) of notification that such notice or communication is available and identifying the website address
        therefor.

    (c)          Any party hereto may change its address
        or facsimile number or other notice information hereunder by notice to the other parties hereto.

    Section 9.02          Waivers; Amendments.

    (a)          No failure or delay by the
        Administrative Agent, any Issuing Bank or any Lender in exercising any right or power hereunder or under any other Loan Document shall operate as a waiver thereof, nor shall any single or partial exercise of any such right or power, or any
        abandonment or discontinuance of steps to enforce such a right or power, preclude any other or further exercise thereof or the exercise of any other right or power.  The rights and remedies of the Administrative Agent, the Issuing Banks and the
        Lenders hereunder and under any other Loan Document are cumulative and are not exclusive of any rights or remedies that they would otherwise have.  No waiver of any provision of any Loan Document or consent to any departure by any Loan Party
        therefrom shall in any event be effective unless the same is permitted by paragraph (b) of this Section 9.02, and then such waiver or consent shall be effective only in the specific instance and for the purpose for which given. 
        Without limiting the generality of the foregoing, to the extent permitted by law, the making of a Loan or the issuance of any Letter of Credit shall not be construed as a waiver of any Default or Event of Default, regardless of whether the
        Administrative Agent, any Lender or any Issuing Bank may have had notice or knowledge of such Default or Event of Default at the time.

    (b)          Subject to clauses (A), (B),
        (C) and (D) of this Section 9.02(b) and Sections 9.02(c) and (d) below, neither this Agreement nor any other Loan Document nor any provision hereof or thereof may be waived, amended or modified, except (i) in
        the case of this Agreement, pursuant to an agreement or agreements in writing entered into by the Lead Borrower and the Required Lenders (or the Administrative Agent with the consent of the Required Lenders) or (ii) in the case of any other Loan
        Document (other than any waiver, amendment or

    
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    modification to effectuate any modification thereto expressly contemplated by the terms of such other Loan Documents), pursuant to an agreement or
      agreements in writing entered into by the Administrative Agent and each Loan Party that is party thereto, with the consent of the Required Lenders; provided that, notwithstanding the foregoing:

    (A)          except with the
        consent of each Lender directly and adversely affected thereby (but without the consent of the Required Lenders other than with respect to (i) an increase in the aggregate amount of Commitments or (ii) provision of additional Collateral to support
        any increase in the aggregate amount of Commitments), no such waiver, amendment or modification shall:

    (1)          increase the
        Commitment or Additional Commitment of such Lender (other than with respect to any Incremental Revolving Facility pursuant to Section 2.22 in respect of which such Lender has agreed to be an Additional Lender); it being understood that no
        amendment, modification or waiver of, or consent to departure from, any condition precedent, representation, warranty, covenant, Default, Event of Default, mandatory prepayment or mandatory reduction of the Commitments or Additional Commitments
        shall constitute an increase of any Commitment or Additional Commitment of such Lender;

    (2)          reduce or forgive
        the principal amount of any Loan;

    (3)          (x) extend the
        scheduled final maturity of any Loan or (y) postpone any Interest Payment Date or the date of any scheduled payment of any fee payable hereunder (in each case, other than any extension for administrative reasons agreed by the Administrative Agent);

    (4)          reduce the rate of
        interest (other than to waive any Default or Event of Default or obligation of the Lead Borrower or Borrowers (if applicable) to pay interest at the default rate of interest under Section 2.13(f), which shall only require the consent of the
        Required Lenders) or the amount of any fee owed to such Lender; it being understood that no change in the definition of “First Lien Net Leverage Ratio” or any other ratio used in the calculation of the Applicable Rate or the Commitment Fee Rate, or
        in the calculation of any other interest or fee due hereunder (including any component definition thereof) shall constitute a reduction in any rate of interest or fee hereunder;

    (5)          extend the expiry
        date of such Lender’s Commitment or Additional Commitment; it being understood that no amendment, modification or waiver of, or consent to departure from, any condition precedent, representation, warranty, covenant, Default, Event of Default,
        mandatory prepayment or mandatory reduction of the Commitments or Additional Commitments shall constitute an extension of any Commitment or Additional Commitment of any Lender; and

    (6)          waive, amend or
        modify the provisions of Section 2.18(b) or 2.18(c) of this Agreement in a manner that would by its terms alter the pro rata sharing of payments required thereby (except in connection with
        any transaction permitted under Sections 2.22, 2.23 and/or 9.02(c) or as otherwise provided in this Section 9.02); and

    (B)          no such waiver,
        amendment or modification shall:

    (1)          change any of the
        provisions of Section 9.02(a) or Section 9.02(b) or the definition of “Required Lenders” to reduce any voting percentage required to waive, amend or modify any right thereunder or make any determination or grant any consent
        thereunder, without the prior written consent of each Lender; provided that Section 9.02(a) and/or Section 9.02(b) may be amended to the extent necessary to permit

    
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    the introduction of structural and tax considerations and collateral and guarantee arrangements (including collateral allocation
      mechanism arrangements) in connection with the execution of a Borrower Joinder Agreement; or

    (2)          release all or
        substantially all of the Collateral from the Lien granted pursuant to the Loan Documents (except as otherwise permitted herein or in the other Loan Documents, including pursuant to Article 8 or Section 9.22), without the prior
        written consent of each Lender; or

    (3)          release all or
        substantially all of the value of the Guarantees under the Loan Guaranty (except as otherwise permitted herein or in the other Loan Documents, including pursuant to Section 9.22 hereof), without the prior written consent of each Lender;

    (4)          change any
        provisions of any Loan Document (i) in a manner that by its terms adversely affects the rights in respect of payments (including prepayments) due to Lenders holding Loans of any Class differently than those holding Loans of any other Class or
        (ii) in a manner that results in any adverse change to any payment waterfall provisions set forth in any Loan Document or any adverse change to the Guarantees or the Collateral, in each case without the written consent of (x) in the case of
        paragraph (4)(i), Lenders holding a majority of the outstanding Loans and unused Commitments in respect of the affected Class and (y) in the case of paragraph(4)(ii), the Required Lenders;

    (5)          change the currency
        in which any Loan is denominated without the written consent of each Lender holding such Loans; or

    (6)          amend Section 1.08
        or the definition of “Alternative Currencies” without the written consent of each Lender that is obligated to make Credit Extensions to any Borrower in Alternative Currencies;

    (C)          solely with the
        consent of the Required Lenders (determined by disregarding the Loans or any Commitments of any Lender other than a Revolving Lender), (1) any such agreement may (x) waive, amend or modify Section 6.15 (or the definition of “Total Net
        Leverage Ratio” or any component definition thereof, in each case, as any such definition is used solely for purposes of Section 6.15) (other than, in the case of Section 6.15(a), for purposes of determining compliance with such
        Section as a condition to taking any action under this Agreement) (other than as permitted under clause (y)) and/or (y) waive, amend or modify any condition precedent set forth in Section 4.02 as it pertains to any Revolving Loan
        and/or Additional Revolving Loan and/or (2) waive, amend or modify any other provision of this Agreement that by its terms affects the rights and duties of the Revolving Lenders including the Ancillary Facilities and related definitions; and

    (D)          solely with the
        consent of the relevant Issuing Bank, the Administrative Agent and the Required Lenders (but without the consent of the Required Lenders or any other Lender), any such agreement may waive, amend or modify the definition “Dollar Letter of Credit
        Sublimit” or “Multicurrency Letter of Credit Sublimit”,

    provided, further, that no agreement shall amend,
      modify or otherwise affect the rights or duties of the Administrative Agent or any Issuing Bank hereunder without the prior written consent of the Administrative Agent or such Issuing Bank, as the case may be.  The Administrative Agent may also amend
      the Commitment Schedule to reflect assignments entered into pursuant to Section 9.05, Commitment reductions or terminations pursuant to Section 2.09, incurrences of Additional Commitments or Additional Loans pursuant to Section 2.22,
      2.23 or 9.02(c) and reductions or terminations of any such Additional Commitments or Additional Loans.  Notwithstanding anything to the contrary herein, no Defaulting Lender shall have any right to

    
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    approve or disapprove any amendment, waiver or consent hereunder, except that the Commitment and any Additional Commitment of any
      Defaulting Lender may not be increased without the consent of such Defaulting Lender (it being understood that any Commitment, Additional Commitment or Loan held or deemed held by any Defaulting Lender shall be excluded from any vote hereunder that
      requires the consent of any Lender, except as expressly provided in Section 2.21(b)).  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 Lead Borrower or the Borrowers (if applicable) (i) to add one or more additional credit facilities to this Agreement and to permit any extension of credit from time to time outstanding thereunder and the accrued interest and fees in
      respect thereof to share ratably in the relevant benefits of this Agreement and the other Loan Documents and (ii) to include appropriately the Lenders holding such credit facilities in any determination of the Required Lenders on substantially the
      same basis as the Lenders prior to such inclusion.

    (c)          Notwithstanding the foregoing, this
        Agreement may be amended:

    (i)          [reserved], and

    (ii)          with the written
        consent of the Lead Borrower and the Lenders providing the relevant Replacement Revolving Facility to permit the refinancing or replacement of all or any portion of the Revolving Credit Commitment or any Additional Revolving Commitment under the
        applicable Class (any such Revolving Credit Commitment or Additional Revolving Commitment being refinanced or replaced, a “Replaced Revolving Facility”) with a replacement revolving facility hereunder (a “Replacement Revolving Facility”) pursuant to a Refinancing Amendment; provided that:

    (A)          the aggregate
        principal amount of any Replacement Revolving Facility shall not exceed the aggregate principal amount of the Replaced Revolving Facility (plus (x) any additional amounts permitted to be incurred under Section 6.01(a),
        (q), (u), (w) and/or (z) and, to the extent any such additional amounts are secured, the related Liens are permitted under Section 6.02(k) (with respect to Liens securing Indebtedness permitted by Section 6.01(a),
        (q), (u), (w) or (z)) and/or (ii) and plus (y) the amount of accrued interest and premium thereon, any committed but undrawn amounts and underwriting discounts, fees
        (including upfront fees and original issue discount), commissions and expenses associated therewith),

    (B)          no Replacement
        Revolving Facility may have a final maturity date (or require commitment reductions) prior to the final maturity date of the relevant Replaced Revolving Facility at the time of such refinancing,

    (C)          any Replacement
        Revolving Facility may be pari passu or junior in right of payment and pari passu or junior with respect to the Collateral with the remaining portion of the
        Revolving Credit Commitments or Additional Revolving Commitments (shall be subject to a Permitted Pari Passu Intercreditor Agreement or Permitted Junior Intercreditor Agreement, as applicable, and may be, at the option of the Administrative Agent
        and the Lead Borrower, documented in a separate agreement or agreements), or be unsecured,

    (D)          if any Replacement
        Revolving Facility is secured, it may not be secured by any assets other than the Collateral,

    (E)          if any Replacement
        Revolving Facility is guaranteed, it may not be guaranteed by any Person other than one or more Loan Parties,

    
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    (F)          any Replacement
        Revolving Facility that is pari passu in right of payment and pari passu in right of security may participate on a pro rata basis

        or a less than pro rata basis (but not greater than a pro rata basis) (or, if junior in right of payment or security, shall be on a junior basis with respect
        thereto) in any voluntary or mandatory repayment or prepayment in respect of the Replaced Revolving Facility (and any Additional Revolving Loans then subject to ratable repayment requirements), in each case as agreed by the Lead Borrower and the
        Lenders providing the relevant Replacement Revolving Facility,

    (G)          any Replacement
        Revolving Facility shall be subject to the “ratability” provisions applicable to Extended Revolving Credit Commitments and Extended Revolving Loans set forth in the proviso to clause (ii) of Section 2.23(a), mutatis mutandis, to the same extent as if fully set forth in this Section 9.02(c)(ii),

    (H)          any Replacement
        Revolving Facility shall have pricing (including interest, fees and premiums, and as to which the proviso in Section 2.22(a)(v)) shall not apply) and, subject to preceding clause (F), optional prepayment and redemption terms as the
        Lead Borrower and the lenders providing such Replacement Revolving Facility may agree,

    (I)          no Default under Section 7.01(a),
        7.01(f) or 7.01(g) or Event of Default shall exist immediately prior to or after giving effect to the effectiveness of the relevant Replacement Revolving Facility,

    (J)          either (i) the other
        terms and conditions of any Replacement Revolving Facility (excluding pricing, interest, fees, rate floors, premiums, optional prepayment or redemption terms, security and maturity, subject to preceding clauses (B) through (G)) shall

        be substantially identical to, or (taken as a whole) no more favorable (as reasonably determined by the Lead Borrower) to the lenders providing such Replacement Revolving Facility than those applicable to the Replaced Revolving Facility (other than
        covenants or other provisions applicable only to periods after the Latest Maturity Date (in each case, as of the date of incurrence of the relevant Replacement Revolving Facility)) or (ii) such Replacement Revolving Facility shall be provided on
        then-current market terms for the applicable type of Indebtedness, and

    (K)          the commitments in
        respect of the Replaced Revolving Facility shall be terminated, and all loans outstanding thereunder and all fees in connection therewith shall be paid in full, in each case on the date such Replacement Revolving Facility is implemented.

    Each party hereto hereby agrees that, upon the effectiveness of any Refinancing Amendment, this Agreement shall be amended by the Lead
      Borrower or the Borrowers (if applicable), the Administrative Agent and the lenders providing the relevant Replacement Revolving Facility, as applicable, to the extent (but only to the extent) necessary to reflect the existence and terms of such
      Replacement Revolving Facility, as applicable, incurred or implemented pursuant thereto (including any amendment necessary to treat the loans and commitments subject thereto as a separate “tranche” and “Class” of Loans and/or commitments hereunder). 
      It is understood that any Lender approached to provide all or a portion of any Replacement Revolving Facility may elect or decline, in its sole discretion, to provide such Replacement Revolving Facility.

    Any Refinancing Amendment may provide for the issuance of Ancillary Facilities for the account of a Revolving Facility Borrower in
      respect of a tranche of Revolving Credit Commitments on terms substantially equivalent to the terms of the applicable Ancillary Facilities under the Revolving Credit Commitments.

    (d)          Notwithstanding anything to the contrary
        contained in this Section 9.02 or any other provision of this Agreement or any provision of any other Loan Document, (i) the Lead Borrower and the Administrative Agent may, without the input or consent of any Lender, amend, supplement
        and/or waive any

    
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    guaranty, collateral security agreement, pledge agreement and/or related document (if any) executed in connection with this Agreement to (w) to add
      Additional Borrowers as permitted hereunder, (x) comply with Requirements of Law or the advice of counsel or (y) cause any such guaranty, collateral security agreement, pledge agreement or other document to be consistent with this Agreement and/or
      the relevant other Loan Documents, (ii) the Lead Borrower and the Administrative Agent may, without the input or consent of any other Lender (other than the relevant Lenders (including Additional Lenders) providing Loans under such Sections), effect
      amendments to this Agreement and the other Loan Documents as may be necessary in the reasonable opinion of the Lead Borrower and the Administrative Agent to effect the provisions of Section 2.22, 2.23, 5.12, 6.13 or 9.02(c),
      or any other provision specifying that any waiver, amendment or modification may be made with the consent or approval of the Administrative Agent, (iii) if the Administrative Agent and the Lead Borrower have jointly identified any ambiguity, mistake,
      defect, inconsistency, obvious error or any error or omission of a technical nature or any necessary or desirable technical change, in each case, in any provision of any Loan Document, then the Administrative Agent and the Lead Borrower shall be
      permitted to amend such provision solely to address such matter as reasonably determined by them acting jointly if such amendment is not objected to in writing by the Required Lenders to the Administrative Agent within five (5) Business Days
      following receipt of notice thereof and (iv) the Lead Borrower and the Administrative Agent may, without the input or consent of any Lender, supplement and/or waive any provision of Section 2.26 in a manner that is not adverse in any material
      respect to any Revolving Lender or any Ancillary Lender.

    (e)          In addition, notwithstanding the
        foregoing, this Agreement may be amended with the written consent of each Revolving Lender, the Administrative Agent and the Borrowers to the extent necessary to integrate any Alternative Currency (other than any Alternative Currency permitted as
        of the Closing Date) in accordance with Section 1.08.

    Section 9.03          Expenses; Indemnity.

    (a)          The Lead Borrower shall pay (i) all
        reasonable and documented out-of-pocket expenses incurred by each Arranger, each Issuing Bank, the Administrative Agent and their respective Affiliates (but limited, in the case of legal fees and expenses, to the reasonable and documented
        out-of-pocket fees, disbursements and other charges of one firm of outside counsel to all such Persons taken as a whole and, if necessary, of one local counsel in each relevant jurisdiction to all such Persons, taken as a whole) in connection with
        the syndication and distribution (including via the Internet or through a service such as Intralinks or SyndTrak) of the Credit Facilities, the preparation, execution, delivery and administration of the Loan Documents and any related documentation,
        including in connection with any amendment, modification or waiver of any provision of any Loan Document (whether or not the transactions contemplated thereby are consummated, but only to the extent the preparation of any such amendment,
        modification or waiver was requested by the Lead Borrower and except as otherwise provided in a separate writing between the Lead Borrower, the relevant Arranger, the relevant Issuing Bank and/or the Administrative Agent) and (ii) all reasonable
        and documented out-of-pocket expenses incurred by the Administrative Agent, the Arrangers, the Issuing Banks or the Lenders or any of their respective Affiliates (but limited, in the case of legal fees and expenses, to the reasonable and documented
        out-of-pocket fees, disbursements and other charges of one firm of outside counsel to all such Persons taken as a whole and, if necessary, of one local counsel in each relevant jurisdiction to all such Persons, taken as a whole and solely in the
        case of an actual or perceived conflict of interest, (x) one additional counsel to all Persons, taken as a whole, and (y) one additional local counsel in each appropriate jurisdiction to all Persons, taken as a whole) in connection with the
        enforcement, collection or protection of their respective rights in connection with the Loan Documents, including their respective rights under this Section 9.03, or in connection with the Loans made and/or Letters of Credit issued
        hereunder.

    (b)          The Lead Borrower shall indemnify each
        Arranger, the Administrative Agent, each Issuing Bank and each Lender, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee
        harmless from, any and all losses, claims, damages and liabilities (but limited, in the case of legal fees and expenses, to the reasonable and documented out-of-pocket fees, disbursements and other charges of one counsel to all Indemnitees taken as
        a whole and, if necessary, one local counsel in each appropriate jurisdiction to all Indemnitees, taken as a whole and solely in the case of an actual or perceived conflict of interest, (x) one additional counsel to all affected Indemnitees, taken
        as a whole, and (y) one additional local counsel in each appropriate jurisdiction to all affected Indemnitees, taken as a whole), incurred by or asserted against any Indemnitee arising out of, in connection with, or as a result of (i) the
        Transactions or the

    
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    execution or delivery of the Loan Documents or any agreement or instrument contemplated thereby and/or the enforcement of the Loan Documents, the
      performance by the parties hereto of their respective obligations thereunder or the consummation of the Transactions or any other transactions contemplated hereby or thereby, (ii) the use of the proceeds of the Loans or any Letter of Credit,
      (iii) any actual or alleged Release or presence of Hazardous Materials on, at, under or from any property currently or formerly owned or operated by the Lead Borrower, any of its Restricted Subsidiaries or any other Loan Party or any Environmental
      Liability related to the Lead Borrower, any of its Restricted Subsidiaries or any other Loan Party and/or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort
      or any other theory and regardless of whether any Indemnitee is a party thereto (and regardless of whether such matter is initiated by a third party or by the Lead Borrower, any other Loan Party or any of their respective Affiliates); provided that such indemnity shall not, as to any Indemnitee, be available to the extent that any such loss, claim, damage, or liability (i) is determined by a final and non-appealable judgment of a court of
      competent jurisdiction (or documented in any settlement agreement referred to below) to have resulted from the gross negligence, bad faith or willful misconduct of such Indemnitee or, to the extent such judgment finds (or such settlement agreement
      acknowledges) that any such loss, claim, damage, or liability has resulted from such Person’s (or such Person’s affiliates, successors, assigns or Related Parties) material breach of the Loan Documents or (ii) arises out of any claim, litigation,
      investigation or proceeding brought by such Indemnitee against another Indemnitee (other than any claim, litigation, investigation or proceeding that is brought by or against the Administrative Agent or any Arranger or Issuing Bank, acting in its
      capacity as such) that does not involve any act or omission of the Holdings, the Borrowers or any of their subsidiaries.  Each Indemnitee shall be obligated to refund or return any and all amounts paid by the Lead Borrower pursuant to this Section 9.03(b)
      to such Indemnitee for any fees, expenses, or damages to the extent such Indemnitee is not entitled to payment thereof in accordance with the terms hereof.  This Section 9.03(b) shall not apply to Taxes other than any Taxes that represent
      losses, claims, damages or liabilities in respect of a non-Tax claim.  Notwithstanding anything to the contrary contained herein or in any other Loan Document, in no event shall any Loan Party that is not Holdings, the Lead Borrower or any Domestic
      Subsidiary have any payment, reimbursement or guarantee obligations for the Lead Borrower or any Domestic Subsidiary for the payment requirements under this Section 9.03.

    (c)          The Lead Borrower shall not be liable
        for any settlement of any proceeding effected without its consent (which consent shall not be unreasonably withheld, delayed or conditioned), but if any proceeding is settled with the Lead Borrower’s written consent, or if the Lead Borrower is
        offered the ability to assume the defense of the action that was the subject matter of such settlement and elected not to assume such defense, or if there is a final judgment against any Indemnitee in any such proceeding, the Lead Borrower agrees
        to indemnify and hold harmless each Indemnitee to the extent and in the manner set forth above.  The Lead Borrower shall not, without the prior written consent of the affected Indemnitee (which consent shall not be unreasonably withheld,
        conditioned or delayed), effect any settlement of any pending or threatened proceeding in respect of which indemnity could have been sought hereunder by such Indemnitee unless (i) such settlement includes an unconditional release of such Indemnitee
        from all liability or claims that are the subject matter of such proceeding and (ii) such settlement does not include any statement as to any admission of fault or culpability.

    Section 9.04          Waiver of Claim.  To the
        extent permitted by applicable law, no party to this Agreement shall assert, and each hereby waives, any claim against any other party hereto or any Related Party thereof, 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 or any agreement or instrument contemplated hereby, the Transactions, any Loan or any Letter of Credit or the use of the proceeds
        thereof, except, in the case of any claim by any Indemnitee against the Lead Borrower, to the extent such damages would otherwise be subject to indemnification pursuant to the terms of Section 9.03.

    Section 9.05          Successors and Assigns.

    (a)          The provisions of this Agreement shall
        be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns; provided that (i) except as provided under Section 6.07, the Borrowers may not
        assign or otherwise transfer any of their rights or obligations hereunder without the prior written consent of each Lender (and any attempted assignment or transfer by any Borrower without such consent shall be null and void) and (ii) no Lender may
        assign or otherwise transfer its rights or obligations hereunder except in accordance with the terms of this Section 9.05 (any attempted assignment or transfer not complying with

    
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    the terms of this Section 9.05 shall be null and void).  Nothing in this Agreement, expressed or implied, shall be construed to confer upon any
      Person (other than the parties hereto, their respective successors and permitted assigns, Participants (to the extent provided in paragraph (c) of this Section 9.05) and, to the extent expressly contemplated hereby, the Related
      Parties of each of the Arrangers, the Administrative Agent, the Issuing Banks and the Lenders) any legal or equitable right, remedy or claim under or by reason of this Agreement.

    (b)          (i) Subject to the conditions set forth
        in paragraph (b)(ii) below, any Lender may assign to one or more Eligible Assignees all or a portion of its rights and obligations under this Agreement (including all or a portion of any Loan or Additional Commitment added pursuant to Section 2.22,
        2.23 or 9.02(c) at the time owing to it) with the prior written consent (not to be unreasonably withheld or delayed) of:

    (A)          the Lead Borrower; provided that the Lead Borrower shall be deemed to have consented to any such assignment unless it has objected thereto by written notice to the Administrative Agent within 10 Business Days after receiving
        written notice thereof (such notice to be provided irrespective of whether an Event of Default under Section 7.01(a) or 7.01(f) or (g) has occurred and is continuing); provided, further, that no consent of the Lead Borrower shall be required (x) for any assignment of Revolving Loans, Additional Revolving Loans, Revolving Credit Commitments or Additional Revolving Commitments to another
        Revolving Lender, an Affiliate of any Revolving Lender or an Approved Fund of any Revolving Lender, or (y) if an Event of Default under Section 7.01(a) or Section 7.01(f) or (g) (solely with respect to the Lead Borrower)
        exists;

    (B)          the Administrative
        Agent; provided that no consent of the Administrative Agent shall be required for any assignment to another Lender, any Affiliate of a Lender or any Approved Fund; and

    (C)          in the case of the
        Revolving Facility or any Additional Revolving Facility, each Issuing Bank.

    (ii)          Assignments shall be
        subject to the following additional conditions:

    (A)          except in the case
        of any assignment to another Lender, any Affiliate of any Lender or any Approved Fund or any assignment of the entire remaining amount of the relevant assigning Lender’s Loans or commitments of any Class, the principal amount of Loans or
        commitments of the assigning Lender subject to the relevant assignment (determined as of the date on which the Assignment and Assumption with respect to such assignment is delivered to the Administrative Agent and determined on an aggregate basis
        in the event of concurrent assignments to Related Funds or by Related Funds) shall not be less than $5,000,000 in the case of Revolving Loans, Additional Revolving Loans, Revolving Credit Commitments or Additional Revolving Commitments unless the
        Lead Borrower and the Administrative Agent otherwise consent;

    (B)          any partial
        assignment shall be made as an assignment of a proportionate part of all the relevant assigning Lender’s rights and obligations under this Agreement;

    (C)          the parties to each
        assignment shall execute and deliver to the Administrative Agent an Assignment and Assumption via an electronic settlement system acceptable to the Administrative Agent (or, if previously agreed with the Administrative Agent, manually), and shall
        pay to the Administrative Agent a processing and recordation fee of $3,500 (which fee may be waived or reduced in the sole discretion of the Administrative Agent); and

    
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    (D)          the relevant Eligible
        Assignee, if it is not a Lender, shall deliver on or prior to the effective date of such assignment, to the Administrative Agent (1) an Administrative Questionnaire and (2) any IRS form required under Section 2.17.

    (iii)          Subject to the
        acceptance and recording thereof pursuant to paragraph (b)(iv) of this Section 9.05, from and after the effective date specified in any Assignment and Assumption, the Eligible Assignee thereunder shall be a party hereto and, to the
        extent of the interest assigned pursuant to such Assignment and Assumption, have the rights and obligations of a Lender under this Agreement (including with respect to any Ancillary Facility), 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 (A) entitled to the benefits of Sections 2.15, 2.16, 2.17 and 9.03 with respect to facts and circumstances occurring on or prior to the
        effective date of such assignment and (B) subject to its obligations thereunder and under Section 9.13).  If any assignment by any Lender holding any Promissory Note is made after the issuance of such Promissory Note, the assigning Lender
        shall, upon the effectiveness of such assignment or as promptly thereafter as practicable, surrender such Promissory Note to the Administrative Agent for cancellation, and, following such cancellation, if requested by either the assignee or the
        assigning Lender, the Lead Borrower shall issue and deliver a new Promissory Note to such assignee and/or to such assigning Lender, with appropriate insertions, to reflect the new commitments and/or outstanding Loans of the assignee and/or the
        assigning Lender.

    (iv)          The Administrative
        Agent, acting for this purpose as a non-fiduciary agent of the Lead 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 their respective successors and assigns, and the commitment of, and principal amount of and interest on the Loans and LC Disbursements owing to, each Lender or Issuing Bank pursuant to the terms hereof from time to time (the “Register”).  Failure to make any such recordation, or any error in such recordation, shall not affect the Lead Borrower’s obligations in respect of such Loans and LC Disbursements.  The entries in the Register
        shall be conclusive, absent manifest error, and the Lead Borrower, the Administrative Agent, the Issuing Banks and the Lenders may treat each Person whose name is recorded in the Register pursuant to the terms hereof as a Lender hereunder for all
        purposes of this Agreement, notwithstanding notice to the contrary.  The Register shall be available for inspection by the Lead Borrower, each Issuing Bank and each Lender (but only as to its own holdings), at any reasonable time and from time to
        time upon reasonable prior notice.

    (v)          Upon its receipt of a
        duly completed Assignment and Assumption executed by an assigning Lender and an Eligible Assignee, the Eligible Assignee’s completed Administrative Questionnaire and any tax certification required by Section 9.05(b)(ii)(D)(2) (unless the
        assignee is already a Lender hereunder), the processing and recordation fee referred to in paragraph (b) of this Section 9.05, if applicable, and any written consent to the relevant assignment required by paragraph (b) of
        this Section 9.05, the Administrative Agent shall promptly 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)          By executing and
        delivering an Assignment and Assumption, the assigning Lender and the Eligible Assignee thereunder shall be deemed to confirm and agree with each other and the other parties hereto as follows:  (A) such assigning Lender warrants that it is the
        legal and beneficial owner of the interest being assigned thereby free and clear of any adverse claim and that the amount of its commitments, and the outstanding balances of its Loans, in each case without giving effect to any assignment thereof
        which has not become effective, are as set forth in such Assignment and Assumption, (B) except as set forth in clause (A) above, such assigning Lender makes no representation or warranty and assumes no responsibility with respect to any
        statement, warranty or representation made in or in connection with this Agreement, or the execution,

    
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    legality, validity, enforceability, genuineness, sufficiency or value of this Agreement, any other Loan Document or any other
      instrument or document furnished pursuant hereto, or the financial condition of the Lead Borrower or any Restricted Subsidiary or the performance or observance by the Lead Borrower or any Restricted Subsidiary of any of its obligations under this
      Agreement, any other Loan Document or any other instrument or document furnished pursuant hereto; (C) such assignee represents and warrants that it is an Eligible Assignee, legally authorized to enter into such Assignment and Assumption; (D) such
      assignee confirms that it has received a copy of this Agreement together with copies of the most recent financial statements delivered pursuant to Section 5.01 and such other documents and information as it has deemed appropriate to make its
      own credit analysis and decision to enter into such Assignment and Assumption; (E) such assignee will independently and without reliance upon the Administrative Agent, the assigning Lender or any other Lender and based on such documents and
      information as it deems appropriate at the time, continue to make its own credit decisions in taking or not taking action under this Agreement; (F) such assignee appoints and authorizes the Administrative Agent to take such action as agent on its
      behalf and to exercise such powers under this Agreement as are delegated to the Administrative Agent, by the terms hereof, together with such powers as are reasonably incidental thereto; and (G) such assignee agrees that it will perform in accordance
      with their terms all the obligations which by the terms of this Agreement are required to be performed by it as a Lender.

    (c)          (i)          Any Lender may, without the
        consent of the Lead Borrower, the Administrative Agent, any Issuing Bank or any other Lender, sell participations to any bank or other entity (other than to any Disqualified Institution, any natural Person or, the Lead Borrower or any of its
        Affiliates) (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 (A) such Lender’s obligations under this Agreement shall remain unchanged, (B) such Lender shall remain solely responsible to the other parties hereto for the performance of such obligations and
        (C) the Lead Borrower, the Administrative Agent, the Issuing Banks 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 or
        instrument pursuant to which any Lender sells such a participation shall provide that such Lender shall retain the sole right to enforce this Agreement and to approve any amendment, modification or waiver of any provision of this Agreement; provided that such agreement or instrument may provide that such Lender will not, without the consent of the relevant Participant, agree to any amendment, modification or waiver described in (x) clause (A)
        of the first proviso to Section 9.02(b) that directly and adversely affects the Loans or commitments in which such Participant has an interest and (y) clause (B)(1), (2) or (3) of the first proviso to Section 9.02(b). 

        Subject to paragraph (c)(ii) of this Section 9.05, the Lead Borrower agrees that each Participant shall be entitled to the benefits of Sections 2.15, 2.16 and 2.17 to the same extent as if it were a Lender
        and had acquired its interest by assignment pursuant to paragraph (b) of this Section 9.05 (it being understood that the documentation required under Section 2.17(f) shall be delivered to the participating Lender, and if
        additional amounts are required to be paid pursuant to Section 2.17(a) or Section 2.17(c), to the Lead Borrower upon reasonable written request by the Lead Borrower).  To the extent permitted by law, each Participant also shall be
        entitled to the benefits of Section 9.09 as though it were a Lender; provided that such Participant agrees to be subject to Section 2.18(c) as though it were a Lender.

    (ii)          No Participant shall
        be entitled to receive any greater payment under Section 2.15, 2.16 or 2.17 than the participating Lender would have been entitled to receive with respect to the participation sold to such Participant, unless the sale of
        the participation to such Participant is made with the Lead Borrower’s prior written consent expressly acknowledging that such Participant’s entitlement to benefits under Sections 2.15, 2.16 and 2.17 is not limited to what
        the participating Lender would have been entitled to receive absent the participation.

    Each Lender that sells a participation shall, acting solely for this purpose as a non-fiduciary agent of the Lead Borrower, maintain a
      register on which it enters the name and address of each Participant and their respective successors and assigns, and the principal amounts and stated interest of each Participant’s interest in the Loans or other obligations under the Loan Documents
      (the “Participant Register”); provided that no Lender shall have any obligation to disclose all or any portion of the Participant Register (including the identity of
      any Participant or any information relating to any Participant’s interest in any Commitment, Loan, Letter of Credit or any other

    
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    obligation under any Loan Document) to any Person except to the extent that such disclosure is necessary to establish that such Commitment, Loan, Letter
      of Credit or other obligation is in registered form under Section 5f.103-1(c) of the Treasury Regulations.  The entries in the Participant Register shall be conclusive absent manifest error, and each 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.

    (d)          Any Lender may at any time pledge or
        assign a security interest in all or any portion of its rights under this Agreement (other than to any Disqualified Institution or any natural person) to secure obligations of such Lender, including without limitation any pledge or assignment to
        secure obligations to any Federal Reserve Bank or other central bank having jurisdiction over such Lender, and this Section 9.05 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 any Lender from any of its obligations hereunder or substitute any such pledgee or assignee for such Lender as a party hereto.

    (e)          Notwithstanding anything to the contrary
        contained herein, any Lender (a “Granting Lender”) may grant to a special purpose funding vehicle (an “SPC”), identified as such in writing from time to time by the
        Granting Lender to the Administrative Agent and the Lead Borrower, the option to provide to the Lead Borrower all or any part of any Loan that such Granting Lender would otherwise be obligated to make to the Lead Borrower pursuant to this
        Agreement; provided that (i) nothing herein shall constitute a commitment by any SPC to make any Loan and (ii) if an SPC elects not to exercise such option or otherwise fails to provide all or any part of
        such Loan, the Granting Lender shall be obligated to make such Loan pursuant to the terms hereof.  The making of any Loan by an SPC hereunder shall utilize the Commitment or Additional Commitment of the Granting Lender to the same extent, and as
        if, such Loan were made by such Granting Lender.  Each party hereto hereby agrees that (i) neither the grant to any SPC nor the exercise by any SPC of such option shall increase the costs or expenses or otherwise increase or change the obligations
        of the Lead Borrower or the Borrowers (if applicable) under this Agreement (including its obligations under Section 2.15, 2.16 or 2.17) and no SPC shall be entitled to any greater amount under Section 2.13, 2.14
        or 2.15 or any other provision of this Agreement or any other Loan Document that the Granting Lender would have been entitled to receive, (ii) no SPC shall be liable for any indemnity or similar payment obligation under this Agreement
        (all liability for which shall remain with the Granting Lender) and (iii) the Granting Lender shall for all purposes including approval of any amendment, waiver or other modification of any provision of the Loan Documents, remain the Lender of
        record hereunder.  In furtherance of the foregoing, each party hereto hereby agrees (which agreement shall survive the termination of this Agreement) that, prior to the date that is one year and one day after the payment in full of all outstanding
        commercial paper or other senior indebtedness of any SPC, it will not institute against, or join any other Person in instituting against, such SPC any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings under the laws of
        the U.S. or any State thereof; provided that (i) such SPC’s Granting Lender is in compliance in all material respects with its obligations to the Lead Borrower or the Borrowers (if applicable) hereunder
        and (ii) each Lender designating any SPC hereby agrees to indemnify, save and hold harmless each other party hereto for any loss, cost, damage or expense arising out of its inability to institute such a proceeding against such SPC during such
        period of forbearance.  In addition, notwithstanding anything to the contrary contained in this Section 9.05, any SPC may (i) with notice to, but without the prior written consent of, the Lead Borrower or the Administrative Agent and
        without paying any processing fee therefor, assign all or a portion of its interests in any Loan to the Granting Lender and (ii) disclose on a confidential basis any non-public information relating to its Loans to any rating agency, commercial
        paper dealer or provider of any surety, guaranty or credit or liquidity enhancement to such SPC.

    (f)          (i) No assignment or participation shall
        be made to any Person that was a Disqualified Institution as of the date (the “Trade Date”) on which the assigning Lender entered into a binding agreement to sell and assign all or a portion of its rights and
        obligations under this Agreement to such Person (unless the Lead Borrower has consented to such assignment in writing in its sole and absolute discretion, in which case such Person will not be considered a Disqualified Institution for the purpose
        of such assignment or participation).  For the avoidance of doubt, with respect to any assignee that becomes a Disqualified Institution 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, the definition of “Disqualified Institution”), (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

    
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    assignee will not by itself result in such assignee no longer being considered a Disqualified Institution.  Any assignment in violation of this
      clause (h)(i) shall not be void, but the other provisions of this clause (h) shall apply.

    (ii)          If any assignment or
        participation is made to any Disqualified Institution without the Borrower’s prior written consent in violation of clause (i) above, or if any Person becomes a Disqualified Institution after the applicable Trade Date, the Lead Borrower may, at its
        sole expense and effort, upon notice to the applicable Disqualified Institution or and the Administrative Agent, (A) terminate any Revolving Credit Commitment of such Disqualified Institution and repay all obligations of the Borrower owing to such
        Disqualified Institution in connection with such Revolving Credit Commitment and/or (B) require such Disqualified Institution to assign, without recourse (in accordance with and subject to the restrictions contained in this Section 9.05),
        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 Institution paid to acquire such interests, rights and
        obligations.

    (iii)          Notwithstanding
        anything to the contrary contained in this Agreement, Disqualified Institutions (A) will not (x) have the right to receive information, reports or other materials provided to Lenders by the Lead 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 Institution will be deemed to have consented in the same proportion as the Lenders that are not Disqualified Institutions consented to such matter,
        and (y) for purposes of voting on any plan, each Disqualified Institution party hereto hereby agrees (1) not to vote on such plan, (2) if such Disqualified Institution does vote on such 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 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).

    (iv)          The Administrative
        Agent shall have the right, and the Lead Borrower hereby expressly authorizes the Administrative Agent, to (A) post the list of Disqualified Institutions provided by the Lead Borrower and any updates thereto from time to time (collectively, the “DQ List”) on Intralinks, SyndTrak or another relevant website, if any, including that portion of Intralinks, SyndTrak or another relevant website, if any, that is designated for “public side” Lenders and/or
        (B) provide the DQ List to each Lender requesting the same.

    (v)          The Administrative
        Agent shall not be responsible or have any liability for, or have any duty to ascertain, inquire into, monitor or enforce, compliance with the provisions hereof relating to Disqualified Institutions.  Without limiting the generality of the
        foregoing, the Administrative Agent shall not (x) be obligated to ascertain, monitor or inquire as to whether any Lender or Participant or prospective Lender or Participant is a Disqualified Institution or (y) have any liability with respect to or
        arising out of any assignment or participation of Loans, or disclosure of confidential information, to any Disqualified Institution.

    Section 9.06          Survival.  All
        covenants, agreements, representations and warranties made by the Loan Parties in the Loan Documents and in the certificates or other instruments delivered in connection with or pursuant to this Agreement or any other Loan Document shall be
        considered to have been relied upon by the other parties hereto and shall survive the execution and delivery of the Loan Documents and the making of any Loans and issuance of any Letter of Credit regardless of any investigation made by any such
        other party or on its behalf and

    
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    notwithstanding that the Administrative Agent may have had notice or knowledge of any Default or Event of Default or incorrect representation or warranty
      at the time any credit is extended hereunder, and shall continue in full force and effect until the Termination Date.  The provisions of Sections 2.15, 2.16, 2.17, 9.03 and 9.13 and Article 8 shall
      survive and remain in full force and effect regardless of the consummation of the transactions contemplated hereby, the repayment of the Loans, the expiration or termination of the Letters of Credit and the Revolving Credit Commitment or any
      Additional Commitment, the occurrence of the Termination Date or the termination of this Agreement or any provision hereof but in each case, subject to the limitations set forth in this Agreement.

    Section 9.07          Counterparts; Integration;
          Effectiveness.  This Agreement may be executed in counterparts (and by different parties hereto on different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. 
        This Agreement, the other Loan Documents and any separate letter agreements with respect to fees payable to the Administrative Agent constitute the entire agreement among the parties relating to the subject matter hereof and supersede any and all
        previous agreements and understandings, oral or written, relating to the subject matter hereof.  This Agreement shall become effective when it has been executed by Holdings, the Lead Borrower and the Administrative Agent and when the Administrative
        Agent has received counterparts hereof which, when taken together, bear the signatures of each of the other parties hereto, and thereafter shall be binding upon and inure to the benefit of the parties hereto and their respective successors and
        permitted assigns.  Delivery by fax or other electronic transmission of an executed counterpart of a signature page to this Agreement and each other Loan Document shall be effective as delivery of an original executed counterpart of this Agreement
        and such other Loan Document and the words “execution,” “execute”, “signed,” “signature,” and words of like import in or related to any document to be signed in connection with this Agreement or any other Loan Document shall be deemed to include
        electronic signatures, the electronic matching of assignment terms and contract formations on electronic platforms approved by the Administrative Agent, or the keeping of records in electronic form, each of which shall be of the same legal effect,
        validity or enforceability as a manually executed signature or the use of a paper based recordkeeping system, as the case may be, to the extent and as provided for in any applicable law, including the Federal Electronic Signatures in Global and
        National Commerce Act, the New York State Electronic Signatures and Records Act, or any other similar state laws based on the Uniform Electronic Transactions Act.  The Administrative Agent may, in its discretion, require that any such documents and
        signatures executed electronically or delivered by fax or other electronic transmission be confirmed by a manually-signed original thereof; provided that the failure to request or deliver the same shall not limit the effectiveness of any document
        or signature executed electronically or delivered by fax or other electronic transmission.

    Section 9.08          Severability.  To the
        extent permitted by law, any provision of any Loan Document held to be invalid, illegal or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such invalidity, illegality or unenforceability without
        affecting the validity, legality and enforceability of the remaining provisions thereof; and the invalidity of a particular provision in a particular jurisdiction shall not invalidate such provision in any other jurisdiction.

    Section 9.09          Right of Setoff.  At any
        time when an Event of Default exists, upon the written consent of the Administrative Agent, the Administrative Agent, each Issuing Bank, each Lender and each of their respective Affiliates is hereby authorized at any time and from time to time, to
        the fullest extent permitted by law, to set off and apply any and all deposits (general or special, time or demand, provisional or final) at any time held and other obligations (in any currency) at any time owing by the Administrative Agent, such
        Issuing Bank or such Lender or Affiliate (including by branches and agencies of the Administrative Agent, such Issuing Bank or such Lender, wherever located) to or for the credit or the account of the Lead Borrower or any Loan Party against any of
        and all the Secured Obligations held by the Administrative Agent, such Issuing Bank or such Lender or Affiliate, irrespective of whether or not the Administrative Agent, such Issuing Bank or such Lender or Affiliate shall have made any demand under
        the Loan Documents and although such obligations may be contingent or unmatured or are owed to a branch or office of such Lender or Issuing Bank different than the branch or office holding such deposit or obligation on such Indebtedness.  Any
        applicable Lender, Issuing Bank or Affiliate shall promptly notify the Lead Borrower and the Administrative Agent of such set-off or application; provided that any failure to give or any delay in giving
        such notice shall not affect the validity of any such set-off or application under this Section 9.09.  The rights of each Lender, each Issuing Bank, the Administrative Agent and each Affiliate under this Section 9.09 are in

    
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    addition to other rights and remedies (including other rights of setoff) which such Lender, such Issuing Bank, the Administrative Agent or such Affiliate
      may have.

    Section 9.10          Governing Law; Jurisdiction;
          Consent to Service of Process.

    (a)          THIS AGREEMENT AND THE OTHER LOAN
        DOCUMENTS (OTHER THAN AS EXPRESSLY SET FORTH IN OTHER LOAN DOCUMENTS) AND ANY CLAIM, CONTROVERSY OR DISPUTE ARISING UNDER OR RELATED TO THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS (OTHER THAN AS EXPRESSLY SET FORTH IN THE OTHER LOAN DOCUMENTS),
        WHETHER IN TORT, CONTRACT (AT LAW OR IN EQUITY) OR OTHERWISE, SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

    (b)          EACH PARTY HERETO HEREBY IRREVOCABLY AND
        UNCONDITIONALLY SUBMITS, FOR ITSELF AND ITS PROPERTY, TO THE EXCLUSIVE JURISDICTION OF ANY U.S. FEDERAL OR NEW YORK STATE COURT SITTING IN THE BOROUGH OF MANHATTAN, IN THE CITY OF NEW YORK (OR ANY APPELLATE COURT THEREFROM) OVER ANY SUIT, ACTION OR
        PROCEEDING ARISING OUT OF OR RELATING TO ANY LOAN DOCUMENTS AND AGREES THAT ALL CLAIMS IN RESPECT OF ANY SUCH ACTION OR PROCEEDING SHALL (EXCEPT AS PERMITTED BELOW) BE HEARD AND DETERMINED IN SUCH NEW YORK STATE OR, TO THE EXTENT PERMITTED BY LAW,
        FEDERAL COURT.  EACH PARTY HERETO AGREES THAT SERVICE OF ANY PROCESS, SUMMONS, NOTICE OR DOCUMENT BY REGISTERED MAIL ADDRESSED TO SUCH PERSON SHALL BE EFFECTIVE SERVICE OF PROCESS AGAINST SUCH PERSON FOR ANY SUIT, ACTION OR PROCEEDING BROUGHT IN
        ANY SUCH COURT.  EACH PARTY HERETO AGREES THAT A FINAL JUDGMENT IN ANY SUCH ACTION OR PROCEEDING MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY LAW.  EACH PARTY HERETO AGREES THAT THE
        ADMINISTRATIVE AGENT RETAINS THE RIGHT TO BRING PROCEEDINGS AGAINST ANY LOAN PARTY IN THE COURTS OF ANY OTHER JURISDICTION SOLELY IN CONNECTION WITH THE EXERCISE OF ANY RIGHTS UNDER ANY COLLATERAL DOCUMENT.

    (c)          EACH PARTY HERETO HEREBY IRREVOCABLY AND
        UNCONDITIONALLY WAIVES, TO THE FULLEST EXTENT IT MAY LEGALLY AND EFFECTIVELY DO SO, ANY OBJECTION WHICH IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY SUIT, ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER
        LOAN DOCUMENT IN ANY COURT REFERRED TO IN PARAGRAPH (B) OF THIS SECTION 9.10.  EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, ANY CLAIM OR DEFENSE OF AN INCONVENIENT FORUM TO THE MAINTENANCE OF
        SUCH ACTION, SUIT OR PROCEEDING IN ANY SUCH COURT.

    (d)          TO THE EXTENT PERMITTED BY LAW, EACH
        PARTY HERETO HEREBY IRREVOCABLY WAIVES PERSONAL SERVICE OF ANY AND ALL PROCESS UPON IT AND AGREES THAT ALL SUCH SERVICE OF PROCESS MAY BE MADE BY REGISTERED MAIL (OR ANY SUBSTANTIALLY SIMILAR FORM OF MAIL) DIRECTED TO IT AT ITS ADDRESS FOR NOTICES
        AS PROVIDED FOR IN SECTION 9.01.  EACH PARTY HERETO HEREBY WAIVES ANY OBJECTION TO SUCH SERVICE OF PROCESS AND FURTHER IRREVOCABLY WAIVES AND AGREES NOT TO PLEAD OR CLAIM IN ANY ACTION OR PROCEEDING COMMENCED HEREUNDER OR UNDER ANY LOAN
        DOCUMENT THAT SERVICE OF PROCESS WAS INVALID AND INEFFECTIVE.  NOTHING IN THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT WILL AFFECT THE RIGHT OF ANY PARTY TO THIS AGREEMENT TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY LAW.

    Section 9.11          Waiver of Jury Trial. 
        EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY SUIT, ACTION, PROCEEDING OR COUNTERCLAIM (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY) DIRECTLY
        OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT, ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY.  EACH PARTY HERETO (a) CERTIFIES THAT NO

    
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    REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HERETO HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF
      LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (b) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 9.11.

    Section 9.12          Headings.  Article and
        Section headings and the Table of Contents used herein are for convenience of reference only, are not part of this Agreement and shall not affect the construction of, or be taken into consideration in interpreting, this Agreement.

    Section 9.13          Confidentiality.  Each
        of the Administrative Agent, each Lender, each Issuing Bank and each Arranger agrees (and each Lender agrees to cause its SPC, if any) to maintain the confidentiality of the Confidential Information (as defined below), except that Confidential
        Information may be disclosed (a) to its Affiliates and its and its Affiliates’ respective directors, officers, managers, employees, independent auditors, or other experts and advisors, including accountants, legal counsel and other advisors
        (collectively, the “Representatives”) on a “need to know” basis solely in connection with the transactions contemplated hereby and who are informed of the confidential nature of the Confidential Information
        and are or have been advised of their obligation to keep the Confidential Information of this type confidential; provided that such Person shall be responsible for its Affiliates’ and their
        Representatives’ compliance with this paragraph; provided, further, that unless the Lead Borrower otherwise consents, no such disclosure shall be made by the
        Administrative Agent, any Issuing Bank, any Arranger, any Lender, any Ancillary Lender or any Affiliate or Representative thereof to any Affiliate or Representative of the Administrative Agent, any Issuing Bank, any Arranger, any Lender or any
        Ancillary Lender that (i) is engaged as a principal primarily in private equity, mezzanine financing or venture capital (other than, in each case, to a limited number of senior employees who are required, in accordance with industry regulations or
        the Lender’s internal policies and procedures to act in a supervisory capacity and the Lender’s internal legal, compliance, risk management, credit or investment committee members and who are informed of the confidential nature of such information
        and are or have been advised of their obligation to keep information of this type confidential) or (ii) is a Disqualified Institution, (b) upon the demand or request of any regulatory or governmental authority (including any self-regulatory body)
        purporting to have jurisdiction over such Person or its Affiliates (in which case such Person shall, except with respect to any audit or examination conducted by bank accountants or any Governmental Authority or regulatory or self-regulatory
        authority exercising examination or regulatory authority, to the extent practicable and permitted by law, (i) inform the Lead Borrower promptly in advance thereof and (ii) use commercially reasonable efforts to ensure that any information so
        disclosed is accorded confidential treatment), (c) to the extent compelled by legal process in, or reasonably necessary to, the defense of such legal, judicial or administrative proceeding, in any legal, judicial or administrative proceeding or
        otherwise as required by applicable Requirements of Law (in which case such Person shall (i) to the extent practicable and permitted by law, inform the Lead Borrower promptly in advance thereof and (ii) use commercially reasonable efforts to ensure
        that any such information so disclosed is accorded confidential treatment), (d) to any other party to this Agreement, (e) subject to an acknowledgment and agreement by the relevant recipient that the Confidential Information is being disseminated
        on a confidential basis (on substantially the terms set forth in this paragraph or as otherwise reasonably acceptable to the Lead Borrower and the Administrative Agent) in accordance with the standard syndication process of the Arrangers or market
        standards for dissemination of the relevant type of information, which shall in any event require “click through” or other affirmative action on the part of the recipient to access the Confidential Information and acknowledge its confidentiality
        obligations in respect thereof, to (i) any Eligible Assignee of or Participant in, or any prospective Eligible Assignee of or prospective Participant in, any of its rights or obligations under this Agreement, including any SPC (in each case other
        than a Disqualified Institution), (ii) any pledgee referred to in Section 9.05, (iii) any actual or prospective, direct or indirect contractual counterparty (or its advisors) to any Derivative Transaction (including any credit default swap)
        or similar derivative product to which any Loan Party is a party and (iv) subject to the Lead Borrower’s prior approval of the information to be disclosed (not to be unreasonably withheld or delayed), to Moody’s or S&P on a confidential basis
        in connection with obtaining or maintaining ratings as required under Section 5.13, (f) with the prior written consent of the Lead Borrower and (g) to the extent (1) the Confidential Information becomes publicly available other than as a
        result of a breach of this Section 9.13 by such Person, its Affiliates or their respective Representatives or (2) becomes available to the Administrative Agent, any Lender, any Issuing Bank or any Arranger or any of their respective
        Affiliates from a third-party source that is not known to be subject to a confidentiality obligation to the Lead Borrower and/or any of its subsidiaries.  For purposes of this Section 9.13, “Confidential
          Information” means all information relating to

    
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    the Borrowers and/or any of their subsidiaries and their respective businesses or the Transactions (including any information obtained by the
      Administrative Agent, any Issuing Bank, any Lender, any Ancillary Lender or any Arranger, or any of their respective Affiliates or Representatives, based on a review of the books and records relating to the Borrowers and/or any of their subsidiaries
      and their respective Affiliates from time to time, including prior to the date hereof) other than any such information that is publicly available to the Administrative Agent or any Arranger, Issuing Bank, or Lender on a non-confidential basis prior
      to disclosure by the Borrowers or any of their subsidiaries.  For the avoidance of doubt, in no event shall any disclosure of any Confidential Information be made to Person that is a Disqualified Institution at the time of disclosure.

    Section 9.14          No Fiduciary Duty.  Each
        of the Administrative Agent, the Arrangers, each Lender, each Ancillary Lender, each Issuing Bank and their respective Affiliates (collectively, solely for purposes of this paragraph, the “Lenders”), may have
        economic interests that conflict with those of the Loan Parties, their stockholders and/or their respective affiliates.  Each Loan Party agrees that nothing in the Loan Documents or otherwise will be deemed to create an advisory, fiduciary or
        agency relationship or fiduciary or other implied duty between any Lender, on the one hand, and such Loan Party, its respective stockholders or its respective affiliates, on the other.  Each Loan Party acknowledges and agrees that:  (i) the
        transactions contemplated by the Loan Documents (including the exercise of rights and remedies hereunder and thereunder) are arm’s-length commercial transactions between the Lenders, on the one hand, and the Loan Parties, on the other, and (ii) in
        connection therewith and with the process leading thereto, (x) no Lender has assumed an advisory or fiduciary responsibility in favor of any Loan Party, its respective stockholders or its respective affiliates with respect to the transactions
        contemplated hereby (or the exercise of rights or remedies with respect thereto) or the process leading thereto (irrespective of whether any Lender has advised, is currently advising or will advise any Loan Party, its respective stockholders or its
        respective Affiliates on other matters) or any other obligation to any Loan Party except the obligations expressly set forth in the Loan Documents and (y) each Lender is acting solely as principal and not as the agent or fiduciary of such Loan
        Party, its respective management, stockholders, creditors or any other Person.  Each Loan Party acknowledges and agrees that such Loan Party has consulted its own legal, tax and financial advisors to the extent it deemed appropriate and that it is
        responsible for making its own independent judgment with respect to such transactions and the process leading thereto.

    Section 9.15          Several Obligations. 
        The respective obligations of the Lenders hereunder are several and not joint and the failure of any Lender to make any Loan, issue any Letter of Credit or perform any of its obligations hereunder shall not relieve any other Lender from any of its
        obligations hereunder.

    Section 9.16          USA PATRIOT Act.  Each
        Lender that is subject to the requirements of the USA PATRIOT Act hereby notifies the Loan Parties that pursuant to the requirements of the USA PATRIOT Act, it is required to obtain, verify and record information that identifies each Loan Party,
        which information includes the name and address of such Loan Party and other information that will allow such Lender to identify such Loan Party in accordance with the USA PATRIOT Act and a certification regarding beneficial ownership required by
        31 C.F.R. § 1010.230.

    Section 9.17          Disclosure.  Each Loan
        Party, each Issuing Bank and each Lender hereby acknowledges and agrees that the Administrative Agent and/or its Affiliates from time to time may hold investments in, make other loans to or have other relationships with any of the Loan Parties and
        their respective Affiliates.

    Section 9.18          Appointment for Perfection. 

        Each Lender hereby appoints each other Lender and each Issuing Bank as its agent for the purpose of perfecting Liens for the benefit of the Administrative Agent, the Issuing Banks and the Lenders, in assets which, in accordance with Article 9 of
        the UCC or any other applicable law can be perfected only by possession.  If any Lender or Issuing Bank (other than the Administrative Agent) obtains possession of any Collateral, such Lender, Issuing Bank shall notify the Administrative Agent
        thereof; and, promptly upon the Administrative Agent’s request therefor shall deliver such Collateral to the Administrative Agent or otherwise deal with such Collateral in accordance with the Administrative Agent’s instructions.

    Section 9.19          Interest Rate Limitation. 

        Notwithstanding anything herein to the contrary, if at any time the interest rate applicable to any Loan or Letter of Credit, together with all fees, charges and other amounts which are treated as interest on such Loan or Letter of Credit under
        applicable law (collectively the “Charged Amounts”), shall exceed the maximum lawful rate (the “Maximum Rate”) which may be contracted for, charged, taken,

    
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    received or reserved by the Lender or Issuing Bank holding such Loan or Letter of Credit in accordance with applicable law, the rate of interest payable
      in respect of such Loan or Letter of Credit hereunder, together with all Charged Amounts payable in respect thereof, shall be limited to the Maximum Rate and, to the extent lawful, the interest and Charged Amounts that would have been payable in
      respect of such Loan or Letter of Credit but were not payable as a result of the operation of this Section 9.19 shall be cumulated and the interest and Charged Amounts payable to such Lender or Issuing Bank in respect of other Loans or
      Letters of Credit or periods shall be increased (but not above the Maximum Rate therefor) until such cumulated amount, together with interest thereon at the Federal Funds Effective Rate to the date of repayment, shall have been received by such
      Lender or Issuing Bank.

    Section 9.20          Judgment Currency.  If,
        for the purposes of obtaining judgment in any court, it is necessary to convert a sum due hereunder or any other Loan Document in one currency into another currency, the rate of exchange used shall be that at which in accordance with normal banking
        procedures the Administrative Agent could purchase the first currency with such other currency on the Business Day preceding that on which final judgment is given.  The obligation of each Borrower in respect of any such sum due from it to the
        Administrative Agent or the Lenders hereunder or under the other Loan Documents shall, notwithstanding any judgment in a currency (the “Judgment Currency”) other than that in which such sum is denominated in
        accordance with the applicable provisions of this Agreement (the “Agreement Currency”), be discharged only to the extent that on the Business Day following receipt by the Administrative Agent of any sum
        adjudged to be so due in the Judgment Currency, the Administrative Agent may in accordance with normal banking procedures purchase the Agreement Currency with the Judgment Currency.  If the amount of the Agreement Currency so purchased is less than
        the sum originally due to the Administrative Agent from the Borrowers in the Agreement Currency, the Borrowers agree, as a separate obligation and notwithstanding any such judgment, to indemnify the Administrative Agent or the Person to whom such
        obligation was owing against such loss.  If the amount of the Agreement Currency so purchased is greater than the sum originally due to the Administrative Agent in such currency, the Administrative Agent agrees to return the amount of any excess to
        the Borrowers (or to any other Person who may be entitled thereto under applicable Requirements of Law)

    Section 9.21          Conflicts. 
        Notwithstanding anything to the contrary contained herein or in any other Loan Document, in the event of any conflict or inconsistency between this Agreement and any other Loan Document, the terms of this Agreement shall govern and control.

    Section 9.22          Release of Guarantors. 
        Notwithstanding anything in Section 9.02(b) to the contrary, any Subsidiary Guarantor shall automatically be released from its obligations hereunder (and its Loan Guaranty shall be automatically released) (a) upon the consummation of any
        permitted transaction or series of related transactions if as a result thereof such Subsidiary Guarantor ceases to be a Restricted Subsidiary (or becomes an Excluded Subsidiary as a result of a single transaction or series of related transactions
        permitted hereunder; provided, that the release of any Subsidiary Guarantor from its obligations under the Loan Guaranty if such Subsidiary Guarantor becomes an Excluded Subsidiary of the type described in
        clause (a) of the definition thereof shall only be permitted if at the time such Guarantor becomes an Excluded Subsidiary of such type (i) no Event of Default exists, (ii) after giving pro forma effect to such release and the consummation of
        the transaction that causes such Person to be an Excluded Subsidiary of such type, the Lead Borrower is deemed to have made a new Investment in such Person for purposes of Section 6.06 (as if such Person were then newly acquired) in an
        amount equal to the portion of the fair market value of the net assets of such Person attributable to the Lead Borrower’s equity interest therein as reasonably estimated by the Lead Borrower and such Investment is permitted pursuant to Section 6.06
        (other than Section 6.06(f)) at such time and (iii) a Responsible Officer of the Lead Borrower certifies to the Administrative Agent compliance with preceding clauses (i) and (ii)) and/or (b) upon the occurrence of the
        Termination Date.  In connection with any such release, the Administrative Agent shall promptly execute and deliver to the relevant Loan Party, at such Loan Party’s expense, all documents that such Loan Party shall reasonably request to evidence
        termination or release; provided that upon the request of the Administrative Agent, the Lead Borrower shall deliver a certificate of a Responsible Officer certifying that the relevant transaction has been
        consummated in compliance with the terms of this Agreement.  Any execution and delivery of documents pursuant to the preceding sentence of this Section 9.22 shall be without recourse to or warranty by the Administrative Agent (other than as
        to the Administrative Agent’s authority to execute and deliver such documents).

    Section 9.23          Reaffirmation.  Except
        as specifically amended herein, all Loan Documents (including the Loan Guaranty and each of  the Collateral Documents and all Liens granted thereunder in respect of the Secured

    
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    Obligations) shall continue to be in full force and effect and are hereby in all respects ratified and confirmed. As of the Closing Date, each Loan Party
      reaffirms its obligations under the Loan Documents to which it is party and its prior grant and the validity of the Liens granted by it pursuant to the Collateral Documents, with all such Liens continuing in full force and effect after giving effect
      to this Agreement and shall secure all Secured Obligations.

    Section 9.24          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, to the extent such liability is unsecured, may be subject to the write-down and conversion powers of the applicable Resolution Authority and agrees and consents to, and
        acknowledges and agrees to be bound by:

    (a)          the application of any Write-Down and
        Conversion Powers by the applicable Resolution Authority to any such liabilities arising hereunder which may be payable to it by any party hereto that is an Affected Financial Institution; and

    (b)          the effects of any Bail-in Action on any
        such liability, including, if applicable:

    (i)          a reduction in full
        or in part or cancellation of any such liability;

    (ii)          a conversion of all,
        or a portion of, such liability into shares or other instruments of ownership in such Affected Financial Institution, its parent undertaking, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or
        other instruments of ownership will be accepted by it in lieu of any rights with respect to any such liability under this Agreement or 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.

    Section 9.25          Acknowledgement

          Regarding Any Supported QFCs.  To the extent that the Loan Documents provide support, through a guarantee or otherwise, for any Hedge Agreement 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.

    Section 9.26          ERISA Representation of the
          Lenders.

    
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    (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, the
        Arrangers and their respective Affiliates and not, for the avoidance of doubt, to or for the benefit of the Borrowers or any other Loan Party, that at least one of the following is and will be true:

    (i)          such Lender is not
        using “plan assets” (within the meaning of Section 3(42) of ERISA or otherwise) of one or more Benefit Plans with respect to such Lender’s entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the
        Commitments, or this Agreement,

    (ii)          the transaction
        exemption set forth in one or more PTEs, such as PTE 84-14 (a class exemption for certain transactions determined by independent qualified professional asset managers), PTE 95-60 (a class exemption for certain transactions involving insurance
        company general accounts), PTE 90-1 (a class exemption for certain transactions involving insurance company pooled separate accounts), PTE 91-38 (a class exemption for certain transactions involving bank collective investment funds) or PTE 96-23 (a
        class exemption for certain transactions determined by in-house asset managers), is applicable with respect to such Lender’s entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and
        this Agreement,

    (iii)         (A) such Lender is
        an investment fund managed by a “Qualified Professional Asset Manager” (within the meaning of Part VI of PTE 84-14), (B) such Qualified Professional Asset Manager made the investment decision on behalf of such Lender to enter into, participate in,
        administer and perform the Loans, the Letters of Credit, the Commitments and this Agreement, (C) the entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement
        satisfies the requirements of subsections (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.

    (b)          In addition, unless either (1) subclause (i)
        in the immediately preceding clause (a) is true with respect to a Lender or (2) a Lender has provided another representation, warranty and covenant in accordance with subclause (iv) in
        the immediately preceding clause (a), such Lender further (x) represents and warrants, as of the date such Person became a Lender party hereto, to, and (y) covenants, from the date such Person became a Lender party hereto to the date such
        Person ceases being a Lender party hereto, for the benefit of, the Administrative Agent, the Arrangers and their respective Affiliates and not, for the avoidance of doubt, to or for the benefit of the Borrowers or any other Loan Party, that the Administrative Agent is not a fiduciary with respect to the assets of such Lender involved in such Lender’s entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the
          Commitments and this Agreement (including in connection with the reservation or exercise of any rights by the Administrative Agent under this Agreement, any Loan Document or any documents related hereto or thereto).

    [Signature Pages Follow]

     

    

     

    

    
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    IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed by their respective authorized officers as of
      the day and year first above written.

     

    

    	 	
            SPECTRUM BRANDS, INC., as the Lead Borrower 

          	 
	 	 	 	 
	 	
            By:

          	/s/ Joanne P. Chomiak

             	 
	 	
            Name:

          	Joanne P. Chomiak

          	 
	 	
            Title:

          	Senior Vice President - Tax and Treasurer 

          	 
	 	 	 	 
	 	 	 	 
	 	
            SB/RH HOLDINGS, LLC, as Holdings

          	 
	 	 	 	 
	 	
            By:

          	/s/ Joanne P. Chomiak	 
	 	
            Name:

          	Joanne P. Chomiak 

          	 
	 	
            Title:

          	Senior Vice President - Tax and Treasurer 

          	 
	 	 	 	 

    

    

    

    

    

    

    

    

    
      [Signature Page to Spectrum Credit Agreement (2020)]

      
        
          

      

      
        	 	
                ROV HOLDING, INC., as Subsidiary Guarantor

              	 
	 	 	 	 
	 	
                By:

              	/s/ Joanne P. Chomiak

                 	 
	 	
                Name:

              	Joanne P. Chomiak

              	 
	 	
                Title:

              	Senior Vice President - Tax and Treasurer 

              	 
	 	 	 	 
	 	 	 	 
	 	
                
                  UNITED INDUSTRIES CORPORATION GLOFISH LLC 

                  SPECTRUM BRANDS PET LLC, as Subsidiary 

                  Guarantors

                

              	 
	 	 	 	 
	 	
                By:

              	/s/ Joanne P. Chomiak	 
	 	
                Name:

              	Joanne P. Chomiak 

              	 
	 	
                Title:

              	Vice President and Treasurer 

              	 
	 	 	 	 
	 	 	 	 
	 	
                SPECTRUM BRANDS PET GROUP INC., as 

                Subsidiary Guarantor

              	 
	 	 	 	 
	 	By: 

              	/s/ Joanne P. Chomiak 

              	 
	 	Name: 

              	Joanne P. Chomiak  

              	 
	 	Title: 

              	Treasurer	 

        

        

        

        

        

        

        

        

        [Signature Page to Spectrum Credit Agreement (2020)]

        

        
          
            

        

        
          	 	
                  SALIX ANIMAL HEALTH, LLC, as Subsidiary
                    Guarantor

                	 
	 	 	 	 
	 	
                  By:

                	/s/ Joanne P. Chomiak

                   	 
	 	
                  Name:

                	Joanne P. Chomiak

                	 
	 	
                  Title:

                	Senior Vice President, Secretary, and General Counsel	 
	 	 	 	 
	 	 	 	 
	 	
                  ALASKA MERGER ACQUISITION CORP., as
                    Subsidiary Guarantor

                	 
	 	 	 	 
	 	
                  By:

                	/s/ Joanne P. Chomiak	 
	 	
                  Name:

                	Joanne P. Chomiak 

                	 
	 	
                  Title:

                	Vice President 

                	 
	 	 	 	 

          

          

          

          

          

          

          

          

          
            [Signature Page to Spectrum Credit Agreement (2020)]

            
              
                

            

          

        

        
          	 	
                  ROYAL BANK OF CANADA, as Administrative 

                  Agent and Collateral Agent

                	 
	 	 	 	 
	 	 	 	 
	 	
                  By:

                	/s/ Rodica Dutka

                	 
	 	
                  Name:

                	Rodica Dutka 

                	 
	 	
                  Title:

                	Manager, Agency 

                	 

          

          

        

        

        

        
           

          

           

          

           

          

          [Signature Page to Spectrum Credit Agreement (2020)]

          

        

      

    

    
      
        
          
            
              

          

        

      

      
        	 	
                Bank of Montreal, 

                as a Lender

              	 
	 	 	 	 
	 	 	 	 
	 	
                By:

              	/s/ Paul Harris 

              	 
	 	
                Name:

              	Paul Harris 	 
	 	
                Title:

              	Managing Director

              	 

        

        

      

      

      

      
         

        

         

        

         

        

        [Signature Page to Spectrum Credit Agreement (2020)]

        
          
            
              
                
                  
                    

                

              

            

            
              	 	
                      Bank of Montreal, London Branch

                        

                      as a Lender

                    	 
	 	 	 	 
	 	 	 	 
	 	
                      By:

                    	/s/ Tom Woolgar

                    	 
	 	
                      Name:

                    	Tom Woolgar	 
	 	
                      Title:

                    	Managing Director

                    	 
	 	 	 	 
	 	By: 

                    	/s/ Scott Matthews 	 
	 	Name: 

                    	Scott Matthews

                    	 
	 	Title: 

                    	Managing Director 

                    	 

              

              

            

            

            

            
               

              

               

              

               

              

              [Signature Page to Spectrum Credit Agreement (2020)]

              
                
                  
                    
                      
                        
                          
                            

                        

                      

                    

                    
                      	 	
                              Bank of Montreal, 

                                

                              as a Lender

                            	 
	 	 	 	 
	 	 	 	 
	 	
                              By:

                            	/s/ Sean P. Gallaway

                            	 
	 	
                              Name:

                            	Sean P. Gallaway	 
	 	
                              Title:

                            	Director

                            	 

                      

                      

                      

                      

                    

                    

                    

                    
                       

                      

                       

                      

                       

                      

                      [Signature Page to Spectrum Credit Agreement (2020)]

                      
                        
                          
                            
                              
                                
                                  
                                    

                                

                              

                            

                            
                              	 	
                                      Bank of America, N.A.,

                                        

                                      as an Issuing Bank and as a Lender

                                    	 
	 	 	 	 
	 	 	 	 
	 	
                                      By:

                                    	/s/ Steven K. Kessler

                                    	 
	 	
                                      Name:

                                    	Steven K. Kessler	 
	 	
                                      Title:

                                    	Senior Vice President

                                    	 
	 	 	 	 
	 	By: 

                                    	/s/ Medina Sales De Andrade	 
	 	Name: 

                                    	Medina Sales De Andrade

                                    	 
	 	Title: 

                                    	Vice President	 

                              

                              

                            

                            

                            

                            
                               

                              

                               

                              

                               

                              

                              [Signature Page to Spectrum Credit Agreement (2020)]

                              
                                
                                  
                                    
                                      
                                        
                                          
                                            
                                              

                                          

                                        

                                      

                                      
                                        	 	
                                                CITIZENS BANK, N.A., 

                                                  

                                                as a Lender

                                              	 
	 	 	 	 
	 	 	 	 
	 	
                                                By:

                                              	/s/ Megan Livingston

                                              	 
	 	
                                                Name:

                                              	Megan Livingston	 
	 	
                                                Title:

                                              	Senior Vice President	 

                                        

                                        

                                        

                                        

                                      

                                      

                                      

                                      
                                         

                                        

                                         

                                        

                                         

                                        

                                        [Signature Page to Spectrum Credit Agreement (2020)]

                                        
                                          
                                            
                                              
                                                
                                                  
                                                    
                                                      
                                                        

                                                    

                                                  

                                                

                                                
                                                  	 	
                                                          CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH,

                                                            

                                                          as a Lender

                                                        	 
	 	 	 	 
	 	 	 	 
	 	
                                                          By:

                                                        	/s/ Doreen Barr

                                                        	 
	 	
                                                          Name:

                                                        	Doreen Barr	 
	 	
                                                          Title:

                                                        	Authorized Signatory

                                                        	 
	 	 	 	 
	 	By: 

                                                        	/s/ Christopher Zybrick	 
	 	Name: 

                                                        	Christopher Zybrick

                                                        	 
	 	Title: 

                                                        	Authorized Signatory	 

                                                  

                                                  

                                                

                                                

                                                

                                                
                                                   

                                                  

                                                   

                                                  

                                                   

                                                  

                                                  [Signature Page to Spectrum Credit Agreement (2020)]

                                                  
                                                    
                                                      
                                                        
                                                          
                                                            
                                                              
                                                                
                                                                  
                                                                    

                                                                

                                                              

                                                            

                                                            
                                                              	 	
                                                                      HSBC BANK USA, NATIONAL ASSOCIATION, 

                                                                        

                                                                      as a Lender

                                                                    	 
	 	 	 	 
	 	 	 	 
	 	
                                                                      By:

                                                                    	/s/ Shaun Kleinman

                                                                    	 
	 	
                                                                      Name:

                                                                    	Shaun Kleinmans	 
	 	
                                                                      Title:

                                                                    	Senior Vice President	 

                                                              

                                                              

                                                              

                                                              

                                                            

                                                            

                                                            

                                                            
                                                               

                                                              

                                                               

                                                              

                                                               

                                                              

                                                              [Signature Page to Spectrum Credit Agreement (2020)]

                                                              
                                                                
                                                                  
                                                                    
                                                                      
                                                                        
                                                                          
                                                                            
                                                                              
                                                                                
                                                                                  

                                                                              

                                                                            

                                                                          

                                                                          
                                                                            	 	
                                                                                    JPMORGAN CHASE BANK, N.A., 

                                                                                      

                                                                                    as an Issuing Bank and as a Lender

                                                                                      

                                                                                  	 
	 	 	 	 
	 	 	 	 
	 	
                                                                                    By:

                                                                                  	/s/ Eric B. Bergeson

                                                                                  	 
	 	
                                                                                    Name:

                                                                                  	Eric B. Bergeson	 
	 	
                                                                                    Title:

                                                                                  	Authorized Officer

                                                                                  	 

                                                                            

                                                                            

                                                                            

                                                                            

                                                                          

                                                                          

                                                                          

                                                                          
                                                                             

                                                                            

                                                                             

                                                                            

                                                                             

                                                                            

                                                                            [Signature Page to Spectrum Credit Agreement (2020)]

                                                                            
                                                                              
                                                                                
                                                                                  
                                                                                    
                                                                                      
                                                                                        
                                                                                          
                                                                                            
                                                                                              
                                                                                                
                                                                                                  

                                                                                              

                                                                                            

                                                                                          

                                                                                          
                                                                                            	 	
                                                                                                    MUFG BANK, LTD., as a Lender

                                                                                                      

                                                                                                  	 
	 	 	 	 
	 	 	 	 
	 	
                                                                                                    By:

                                                                                                  	/s/ Eric Hill

                                                                                                  	 
	 	
                                                                                                    Name:

                                                                                                  	Eric Hill	 
	 	
                                                                                                    Title:

                                                                                                  	Authorized Signatory

                                                                                                  	 

                                                                                            

                                                                                            

                                                                                            

                                                                                            

                                                                                          

                                                                                          

                                                                                          

                                                                                          
                                                                                             

                                                                                            

                                                                                             

                                                                                            

                                                                                             

                                                                                            

                                                                                            [Signature Page to Spectrum Credit Agreement (2020)]

                                                                                            
                                                                                              
                                                                                                
                                                                                                  
                                                                                                    
                                                                                                      
                                                                                                        
                                                                                                          
                                                                                                            
                                                                                                              
                                                                                                                
                                                                                                                  

                                                                                                              

                                                                                                            

                                                                                                          

                                                                                                          
                                                                                                            	 	
                                                                                                                    ROYAL BANK OF CANADA, as a Lender and 

                                                                                                                    as an Issuing Bank 

                                                                                                                  	 
	 	 	 	 
	 	 	 	 
	 	
                                                                                                                    By:

                                                                                                                  	/s/ Gordon MacArthur	 
	 	
                                                                                                                    Name:

                                                                                                                  	Gordon MacArthur

                                                                                                                  	 
	 	
                                                                                                                    Title:

                                                                                                                  	Authorized Signatory	 

                                                                                                            

                                                                                                            

                                                                                                            

                                                                                                            

                                                                                                          

                                                                                                          

                                                                                                          

                                                                                                          
                                                                                                             

                                                                                                            

                                                                                                             

                                                                                                            

                                                                                                             

                                                                                                            

                                                                                                            [Signature Page to Spectrum Credit Agreement (2020)]

                                                                                                            
                                                                                                              
                                                                                                                
                                                                                                                  
                                                                                                                    
                                                                                                                      
                                                                                                                        
                                                                                                                          
                                                                                                                            
                                                                                                                              
                                                                                                                                
                                                                                                                                  
                                                                                                                                    

                                                                                                                                

                                                                                                                              

                                                                                                                            

                                                                                                                            
                                                                                                                              	 	
                                                                                                                                      Raymond
                                                                                                                                          James Bank, N.A., 

                                                                                                                                      as a
                                                                                                                                          Lender

                                                                                                                                        

                                                                                                                                    	 
	 	 	 	 
	 	 	 	 
	 	
                                                                                                                                      By:

                                                                                                                                    	/s/ Emily Grams

                                                                                                                                    	 
	 	
                                                                                                                                      Name:

                                                                                                                                    	Emily Grams	 
	 	
                                                                                                                                      Title:

                                                                                                                                    	Vice President

                                                                                                                                    	 

                                                                                                                              

                                                                                                                              

                                                                                                                              

                                                                                                                              

                                                                                                                            

                                                                                                                            

                                                                                                                            

                                                                                                                            
                                                                                                                               

                                                                                                                              

                                                                                                                               

                                                                                                                              

                                                                                                                               

                                                                                                                              

                                                                                                                              [Signature Page to Spectrum Credit Agreement (2020)]

                                                                                                                              
                                                                                                                                
                                                                                                                                  
                                                                                                                                    
                                                                                                                                      
                                                                                                                                        
                                                                                                                                          
                                                                                                                                            
                                                                                                                                              
                                                                                                                                                
                                                                                                                                                  
                                                                                                                                                    
                                                                                                                                                      
                                                                                                                                                        

                                                                                                                                                    

                                                                                                                                                  

                                                                                                                                                

                                                                                                                                                
                                                                                                                                                  	 	
                                                                                                                                                          BARCLAYS BANK PLC, 

                                                                                                                                                          as a Lender

                                                                                                                                                            

                                                                                                                                                        	 
	 	 	 	 
	 	 	 	 
	 	
                                                                                                                                                          By:

                                                                                                                                                        	/s/ Christopher
                                                                                                                                                          M. Aitkin

                                                                                                                                                        	 
	 	
                                                                                                                                                          Name:

                                                                                                                                                        	Christopher M. Aitkin	 
	 	
                                                                                                                                                          Title:

                                                                                                                                                        	Vice President

                                                                                                                                                        	 

                                                                                                                                                  

                                                                                                                                                  

                                                                                                                                                  

                                                                                                                                                  

                                                                                                                                                

                                                                                                                                                

                                                                                                                                                

                                                                                                                                                
                                                                                                                                                   

                                                                                                                                                  

                                                                                                                                                   

                                                                                                                                                  

                                                                                                                                                   

                                                                                                                                                  

                                                                                                                                                  [Signature Page to Spectrum Credit Agreement (2020)]

                                                                                                                                                  
                                                                                                                                                    
                                                                                                                                                      
                                                                                                                                                        
                                                                                                                                                          
                                                                                                                                                            
                                                                                                                                                              
                                                                                                                                                                
                                                                                                                                                                  
                                                                                                                                                                    
                                                                                                                                                                      
                                                                                                                                                                        
                                                                                                                                                                          
                                                                                                                                                                            
                                                                                                                                                                              

                                                                                                                                                                          

                                                                                                                                                                        

                                                                                                                                                                      

                                                                                                                                                                      
                                                                                                                                                                        	 	
                                                                                                                                                                                MIZUHO BANK, LTD., 

                                                                                                                                                                                as a Lender

                                                                                                                                                                                  

                                                                                                                                                                              	 
	 	 	 	 
	 	 	 	 
	 	
                                                                                                                                                                                By:

                                                                                                                                                                              	/s/ Raymond Ventura

                                                                                                                                                                              	 
	 	
                                                                                                                                                                                Name:

                                                                                                                                                                              	Raymond Ventura	 
	 	
                                                                                                                                                                                Title:

                                                                                                                                                                              	Managing Director

                                                                                                                                                                              	 

                                                                                                                                                                        

                                                                                                                                                                        

                                                                                                                                                                        

                                                                                                                                                                        

                                                                                                                                                                      

                                                                                                                                                                      

                                                                                                                                                                      

                                                                                                                                                                      
                                                                                                                                                                         

                                                                                                                                                                        

                                                                                                                                                                         

                                                                                                                                                                        

                                                                                                                                                                         

                                                                                                                                                                        

                                                                                                                                                                        [Signature Page to Spectrum Credit Agreement (2020)]

                                                                                                                                                                        
                                                                                                                                                                          
                                                                                                                                                                            
                                                                                                                                                                              
                                                                                                                                                                                
                                                                                                                                                                                  
                                                                                                                                                                                    
                                                                                                                                                                                      
                                                                                                                                                                                        
                                                                                                                                                                                          
                                                                                                                                                                                            
                                                                                                                                                                                              
                                                                                                                                                                                                
                                                                                                                                                                                                  
                                                                                                                                                                                                    
                                                                                                                                                                                                      

                                                                                                                                                                                                  

                                                                                                                                                                                                

                                                                                                                                                                                              

                                                                                                                                                                                              
                                                                                                                                                                                                	 	
                                                                                                                                                                                                        GOLDMAN SACHS BANK USA, 

                                                                                                                                                                                                        as a Lender

                                                                                                                                                                                                          

                                                                                                                                                                                                      	 
	 	 	 	 
	 	 	 	 
	 	
                                                                                                                                                                                                        By:

                                                                                                                                                                                                      	/s/ Annie Carr

                                                                                                                                                                                                      	 
	 	
                                                                                                                                                                                                        Name:

                                                                                                                                                                                                      	Annie Carr	 
	 	
                                                                                                                                                                                                        Title:

                                                                                                                                                                                                      	Authorized
                                                                                                                                                                                                        Signatory

                                                                                                                                                                                                      	 

                                                                                                                                                                                                

                                                                                                                                                                                                

                                                                                                                                                                                                

                                                                                                                                                                                                

                                                                                                                                                                                              

                                                                                                                                                                                              

                                                                                                                                                                                              

                                                                                                                                                                                              
                                                                                                                                                                                                 

                                                                                                                                                                                                

                                                                                                                                                                                                 

                                                                                                                                                                                                

                                                                                                                                                                                                 

                                                                                                                                                                                                

                                                                                                                                                                                                [Signature Page to Spectrum
                                                                                                                                                                                                  Credit Agreement (2020)]

                                                                                                                                                                                                
                                                                                                                                                                                                  
                                                                                                                                                                                                    
                                                                                                                                                                                                      
                                                                                                                                                                                                        
                                                                                                                                                                                                          
                                                                                                                                                                                                            
                                                                                                                                                                                                              
                                                                                                                                                                                                                
                                                                                                                                                                                                                  
                                                                                                                                                                                                                    
                                                                                                                                                                                                                      
                                                                                                                                                                                                                        
                                                                                                                                                                                                                          
                                                                                                                                                                                                                            
                                                                                                                                                                                                                              
                                                                                                                                                                                                                                

                                                                                                                                                                                                                            

                                                                                                                                                                                                                          

                                                                                                                                                                                                                        

                                                                                                                                                                                                                        
                                                                                                                                                                                                                          	 	
                                                                                                                                                                                                                                  GOLDMAN SACHS
                                                                                                                                                                                                                                      LENDING PARTNERS LLC, 

                                                                                                                                                                                                                                  as a Lender

                                                                                                                                                                                                                                    

                                                                                                                                                                                                                                	 
	 	 	 	 
	 	 	 	 
	 	
                                                                                                                                                                                                                                  By:

                                                                                                                                                                                                                                	/s/ Annie Carr

                                                                                                                                                                                                                                	 
	 	
                                                                                                                                                                                                                                  Name:

                                                                                                                                                                                                                                	Annie
                                                                                                                                                                                                                                  Carr	 
	 	
                                                                                                                                                                                                                                  Title:

                                                                                                                                                                                                                                	Authorized

                                                                                                                                                                                                                                  Signatory

                                                                                                                                                                                                                                	 

                                                                                                                                                                                                                          

                                                                                                                                                                                                                          

                                                                                                                                                                                                                          

                                                                                                                                                                                                                          

                                                                                                                                                                                                                        

                                                                                                                                                                                                                        

                                                                                                                                                                                                                        

                                                                                                                                                                                                                        
                                                                                                                                                                                                                           

                                                                                                                                                                                                                          

                                                                                                                                                                                                                           

                                                                                                                                                                                                                          

                                                                                                                                                                                                                           

                                                                                                                                                                                                                          

                                                                                                                                                                                                                          [Signature

                                                                                                                                                                                                                            Page to Spectrum Credit Agreement
                                                                                                                                                                                                                            (2020)]

                                                                                                                                                                                                                          
                                                                                                                                                                                                                            
                                                                                                                                                                                                                              
                                                                                                                                                                                                                                
                                                                                                                                                                                                                                  
                                                                                                                                                                                                                                    
                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                        
                                                                                                                                                                                                                                          
                                                                                                                                                                                                                                            

                                                                                                                                                                                                                                        

                                                                                                                                                                                                                                      

                                                                                                                                                                                                                                    

                                                                                                                                                                                                                                    
                                                                                                                                                                                                                                      	 	
                                                                                                                                                                                                                                              Deutsche

                                                                                                                                                                                                                                                  Bank AG New
                                                                                                                                                                                                                                                  York Branch,

                                                                                                                                                                                                                                                

                                                                                                                                                                                                                                              as a
                                                                                                                                                                                                                                                  Lender

                                                                                                                                                                                                                                            	 
	 	 	 	 
	 	 	 	 
	 	
                                                                                                                                                                                                                                              By:

                                                                                                                                                                                                                                            	/s/ Yumi
                                                                                                                                                                                                                                              Okabe

                                                                                                                                                                                                                                            	 
	 	
                                                                                                                                                                                                                                              Name:

                                                                                                                                                                                                                                            	Yumi Okabe	 
	 	
                                                                                                                                                                                                                                              Title:

                                                                                                                                                                                                                                            	Vice
                                                                                                                                                                                                                                              President

                                                                                                                                                                                                                                            	 
	 	 	Email:
                                                                                                                                                                                                                                              yumi.okabe@db.com
                                                                                                                                                                                                                                              

                                                                                                                                                                                                                                            	 
	 	 	Tel: +44
                                                                                                                                                                                                                                              (20) 754-19412

                                                                                                                                                                                                                                            	 
	 	 	 	 
	 	By: 

                                                                                                                                                                                                                                            	/s/ Philip
                                                                                                                                                                                                                                              Tancorra

                                                                                                                                                                                                                                            	 
	 	Name: 

                                                                                                                                                                                                                                            	Philip
                                                                                                                                                                                                                                              Tancorra	 
	 	Title: 

                                                                                                                                                                                                                                            	Vice
                                                                                                                                                                                                                                              President	 
	 	 	philip.tancorra@db.com

                                                                                                                                                                                                                                            	 
	 	 	212-250-6576

                                                                                                                                                                                                                                            	 

                                                                                                                                                                                                                                      

                                                                                                                                                                                                                                      

                                                                                                                                                                                                                                    

                                                                                                                                                                                                                                    

                                                                                                                                                                                                                                    

                                                                                                                                                                                                                                    
                                                                                                                                                                                                                                       

                                                                                                                                                                                                                                      

                                                                                                                                                                                                                                       

                                                                                                                                                                                                                                      

                                                                                                                                                                                                                                       

                                                                                                                                                                                                                                      

                                                                                                                                                                                                                                      [Signature Page
                                                                                                                                                                                                                                        to Spectrum Credit
                                                                                                                                                                                                                                        Agreement (2020)]
                                                                                                                                                                                                                                        
                                                                                                                                                                                                                                          
                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                              
                                                                                                                                                                                                                                                
                                                                                                                                                                                                                                                  
                                                                                                                                                                                                                                                  
                                                                                                                                                                                                                                                  
                                                                                                                                                                                                                                                  
                                                                                                                                                                                                                                                  
                                                                                                                                                                                                                                                  
                                                                                                                                                                                                                                                  
                                                                                                                                                                                                                                                  
                                                                                                                                                                                                                                                  
                                                                                                                                                                                                                                                  
                                                                                                                                                                                                                                                  
                                                                                                                                                                                                                                                  

                                                                                                                                                                                                                                                  

                                                                                                                                                                                                                                                  

                                                                                                                                                                                                                                                  

                                                                                                                                                                                                                                                  
                                                                                                                                                                                                                                                  	 	
                                                                                                                                                                                                                                                  Wells
                                                                                                                                                                                                                                                  Fargo Bank,
                                                                                                                                                                                                                                                  National
                                                                                                                                                                                                                                                  Association, 

                                                                                                                                                                                                                                                  as a
                                                                                                                                                                                                                                                  Lender

                                                                                                                                                                                                                                                  

                                                                                                                                                                                                                                                  	 
	 	 	 	 
	 	 	 	 
	 	
                                                                                                                                                                                                                                                  By:

                                                                                                                                                                                                                                                  	/s/

                                                                                                                                                                                                                                                  Mark Holm	 
	 	
                                                                                                                                                                                                                                                  Name:

                                                                                                                                                                                                                                                  	Mark
                                                                                                                                                                                                                                                  Holm

                                                                                                                                                                                                                                                  	 
	 	
                                                                                                                                                                                                                                                  Title:

                                                                                                                                                                                                                                                  	Managing

                                                                                                                                                                                                                                                  Director

                                                                                                                                                                                                                                                  	 

                                                                                                                                                                                                                                                  

                                                                                                                                                                                                                                                  

                                                                                                                                                                                                                                                  

                                                                                                                                                                                                                                                  

                                                                                                                                                                                                                                                  

                                                                                                                                                                                                                                                  

                                                                                                                                                                                                                                                  

                                                                                                                                                                                                                                                  
                                                                                                                                                                                                                                                   

                                                                                                                                                                                                                                                  

                                                                                                                                                                                                                                                   

                                                                                                                                                                                                                                                  

                                                                                                                                                                                                                                                   

                                                                                                                                                                                                                                                  

                                                                                                                                                                                                                                                  [Signature

                                                                                                                                                                                                                                                  Page to
                                                                                                                                                                                                                                                  Spectrum
                                                                                                                                                                                                                                                  Credit
                                                                                                                                                                                                                                                  Agreement
                                                                                                                                                                                                                                                  (2020)]

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00311-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00311-of-00352.parquet"}]]