Document:

ex46nventamendmentno1to2

                                                                      Exhibit 4.6                                                              EXECUTION COPY                                   AMENDMENT NO. 1                                Dated as of December 20, 2019                                            to                                   CREDIT AGREEMENT                                  Dated as of March 23, 2018               THIS AMENDMENT NO. 1 (this “Amendment”) is made as of December 20, 2019 by  and among  nVent Finance S.à  r.l.,  a  Luxembourg  private  limited  liability  company  (Société  à  responsabilité limitée) having its registered office at 26, Boulevard Royal, L-2449 Luxembourg, Grand  Duchy of Luxembourg and registered with the Luxembourg Trade and Companies Register (Registre de  commerce et des sociétés, Luxembourg) under number B219846 (the “Company”), nVent Electric plc, an  Irish  public  limited  company (the  “Parent”), and Hoffman  Schroff  Holdings,  Inc. (formerly  known  as  Pentair Technical Products Holdings, Inc.), a Delaware corporation (the “Affiliate Borrower”, collectively with the Company  and  the Parent,  the “Loan  Parties”), the  Lenders  party hereto and  JPMorgan  Chase  Bank, N.A., in its capacity as administrative agent for the Lenders (the “Administrative Agent”), under  that certain Credit Agreement dated as of March 23, 2018, by and among the Loan Parties, the Lenders  from  time  to  time  party  thereto  and  the  Administrative  Agent (as  amended,  restated, supplemented  or  otherwise  modified  from  time  to  time prior  to  the  date  hereof,  the  “Credit  Agreement”).   Capitalized  terms used herein and not otherwise defined herein shall have the respective meanings given to them in  the Credit Agreement.               WHEREAS,  the  Loan Parties have requested that the Required Lenders agree  to make certain modifications to the Credit Agreement;               WHEREAS,   the Loan  Parties,  the  Lenders  party  hereto  and  the  Administrative  Agent  have agreed to amend the Credit Agreement on the terms and conditions set forth herein;               NOW,  THEREFORE,    in  consideration  of  the  premises  set  forth  above,  the  terms  and  conditions  contained  herein,  and  other  good  and  valuable  consideration,  the  receipt  and  sufficiency  of  which are hereby acknowledged, the Loan Parties, the Lenders party hereto and the Administrative Agent  hereby agree to enter into this Amendment.               1.     Amendments to the Credit Agreement.  Effective as of the date of satisfaction of  the conditions precedent set forth in Section 2 below (such date, the “Amendment Effective Date”), the  parties  hereto  agree  that  the  Credit  Agreement  shall  be  amended  to  delete  the  stricken  text  (indicated  textually in the same manner as the following example: stricken text) and to add the double-underlined  text (indicated textually in the same manner as the following example: double-underlined text) as set forth  in the pages of the Credit Agreement attached as Annex A hereto (the Credit Agreement as so amended,  the “Amended Credit Agreement”).               2.     Conditions of Effectiveness.  This Amendment shall become effective as of the  first date on which each of the following conditions shall have been satisfied:               (a)    The  Administrative  Agent (or  its  counsel) shall  have received either    US-DOCS\111992278.5

 

(A) counterparts of this Amendment duly executed by each of the Loan Parties, the Required Lenders and  the Administrative Agent or  (B) written evidence satisfactory  to  the  Administrative  Agent (which may  include facsimile or electronic transmission of an executed signature page of this Amendment) that such  parties have executed counterparts of this Amendment.               (b)    (i) The Administrative Agent shall have received, at least five (5) days prior to  the  Amendment  Effective  Date,  all  documentation  and  other  information regarding  any  Borrower  requested  in  connection  with  applicable  “know  your  customer”  and  anti-money  laundering  rules  and  regulations, including the Patriot Act, to the extent requested in writing of the Company at least ten (10)  days prior to the Amendment Effective Date and (ii) to the extent any Borrower qualifies as a “legal entity  customer”  under  the  Beneficial  Ownership  Regulation,  at  least  five  (5)  days  prior  to  the  Amendment  Effective Date, any Lender that has requested, in a written notice to the Company at least ten (10) days  prior to the Amendment Effective Date, a Beneficial Ownership Certification in relation to such Borrower  shall  have  received  such  Beneficial  Ownership  Certification  (provided  that,  upon  the  execution  and  delivery by such Lender of its signature page to this Amendment, the condition set forth in this clause (b)  shall be deemed to be satisfied).               (c)    The Administrative Agent shall have received payment and/or reimbursement of  the Administrative Agent’s and its  affiliates’ fees  and expenses (including  the reasonable, documented  and  invoiced  fees,  disbursements  and  other  charges  of  one  primary  counsel  (and  one  additional  local  counsel  in  each  applicable  jurisdiction)  for  the  Administrative  Agent)  in  accordance with  the  Loan  Documents.  The Administrative Agent shall notify the Company and the Lenders of the Amendment Effective Date,  and such notice shall be conclusive and binding.               3.     Representations  and  Warranties  of  the Loan  Parties.  Each Loan  Party hereby  represents and warrants as follows:               (a)    Each of this Amendment and the Amended Credit Agreement constitutes a valid  and binding agreement of each Loan Party enforceable against the applicable Loan Parties in accordance  with  its  terms,  except to  the  extent  that the  enforceability  thereof may  be  limited  by  the  effect  of  any  applicable bankruptcy, insolvency, reorganization, moratorium or similar laws now or hereafter affecting  creditors’  rights  generally,  any  mandatory  applicable  provisions  of  Luxembourg  law  of  general  application and general principles of equity.               (b)    As  of  the  date  hereof  and immediately after  giving  effect  to  the  terms  of  this  Amendment, (i) no Default has occurred and is continuing and (ii) the representations and warranties of  the  Borrowers set  forth  in  the Credit  Agreement (other  than  the  representations  contained  in Sections  3.04(b) and 3.05 of the Credit Agreement) are true and correct in all material respects (provided that any  representation or warranty that is qualified by materiality or Material Adverse Effect is true and correct in  all  respects), or,  if  any  such  representation  or  warranty  is  expressly  stated  to  have  been  made  as  of  a  specific date, as of such specific date.               4.     Confirmation of Guarantees.  The Parent, by its execution of this Amendment,  hereby consents to this Amendment and confirms and ratifies that all of its obligations as a Guarantor  under  the  Amended  Credit  Agreement  shall  continue  in  full  force  and  effect  for  the  benefit  of  the  Administrative  Agent  and  the  Lenders  with  respect  to  the  Amended  Credit  Agreement  and,  for  the  avoidance  of  doubt,  acknowledges  and  agrees  and  confirms  that  the  Term  Loans  made  by  the  Term  Lenders to the Company on the Amendment Effective Date are part of the “Guaranteed Obligations” that  are guaranteed by the Parent under the Amended Credit Agreement.                                             2

 

             5.     Reference to and Effect on the Credit Agreement.               (a)    From  and  after  the  effectiveness  of  the  amendment  to  the  Credit  Agreement  evidenced hereby, the terms “Agreement”, “this Agreement”, “herein”, “hereinafter”, “hereto”, “hereof”  and  words  of  similar  import,  as  used  in  the  Amended  Credit  Agreement,  shall,  unless  the  context  otherwise requires, refer to the Amended Credit Agreement, and the term “Credit Agreement”, as used in  the other Loan Documents, shall mean the Amended Credit Agreement.               (b)    Each  Loan  Document  and  all  other  documents,  instruments  and  agreements  executed  and/or  delivered  in  connection  therewith  shall  remain  in  full  force and  effect  and  are  hereby  ratified and confirmed.               (c)    The execution, delivery and effectiveness of this Amendment shall not operate as  a  waiver  of  any  right,  power  or  remedy  of  the  Administrative  Agent  or  the  Lenders,  nor  constitute  a  waiver  of  any  provision  of  the  Credit  Agreement, the  Loan  Documents  or  any  other  documents,  instruments and agreements executed and/or delivered in connection therewith.               (d)    This Amendment shall be a Loan Document.               6.     Governing Law; Jurisdiction.  This Amendment shall be construed in accordance  with  and  governed  by  the  law  of  the  State  of  New  York. Each  Loan  Party  hereby  irrevocably  and  unconditionally submits, for itself and its property, to only the jurisdiction of (i) the Supreme Court of the  State of New York sitting in New York County, Borough of Manhattan, and of the United States District  Court for the Southern District of New York sitting in the Borough of Manhattan and (ii) any U.S. federal  or Illinois state court sitting in Chicago, Illinois, and in each case any appellate court from any thereof, in  any  action  or  proceeding  arising  out  of  or  relating  to  any  Loan  Document,  or  for  recognition  or  enforcement  of  any  judgment,  and  each  of  the  parties  hereto  hereby  irrevocably  and  unconditionally  agrees that all claims in respect of any such action or proceeding may be heard and determined in such  New  York  State  or,  to  the  extent  permitted  by  law,  in  such  Federal  court.   Each  of  the  parties  hereto  agrees that a final judgment in any such action or proceeding shall be conclusive and may be enforced in  other  jurisdictions  by  suit  on  the  judgment  or  in  any  other  manner  provided  by  law.  Nothing  in  this  Amendment or any other Loan Document shall affect any right that the Administrative Agent, any Issuing  Bank or any Lender may otherwise have to bring any action or proceeding relating to this Amendment or  any other Loan Document against any Loan Party or its properties in the courts of any jurisdiction.               7.     Headings.   Section  headings  in  this  Amendment  are  included  herein  for  convenience of reference only and shall not constitute a part of this Amendment for any other purpose.               8.     Counterparts.  This Amendment may be executed by one or more of the parties  hereto on any number of separate counterparts, and all of said counterparts taken together shall be deemed  to constitute one and the same instrument.  Delivery of an executed counterpart of a signature page of this  Amendment by  telecopy, e-mailed  .pdf  or  any other electronic  means that  reproduces  an  image  of  the  actual executed signature page shall be effective as delivery of a manually executed counterpart of this  Amendment.                                   [Signature Pages Follow]                                              3

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ANNEX A   Attached

 

                                                                    EXECUTION&#0;COP&#0;                                    CREDIT&#0;AGREEMENT                                         dated&#0;as&#0;of                                       March&#0;23,&#0;2018                                          among                                   NVENT&#0;ELECTRIC&#0;plc                                        as&#0;Parent,                                 NVENT&#0;FINANCE&#0;S.&#0;&#0;R.L.                                       as&#0;Company,          PENTAIR&#0;TECHNICAL&#0;PRODUCTSHOFFMAN&#0;SCHROFF&#0;HOLDINGS,&#0;INC.                                  as&#0;an&#0;Affiliate&#0;Borrower                   The&#0;Other&#0;Affiliate&#0;Borrowers&#0;From&#0;Time&#0;to&#0;Time&#0;Party&#0;Hereto,                                 The&#0;Lenders&#0;Party&#0;Hereto,                               JPMORGAN&#0;CHASE&#0;BANK,&#0;N.A.                                  as&#0;Administrative&#0;Agent,                                 BANK&#0;OF&#0;AMERICA,&#0;N.A.                    THEMUFG&#0;BANK&#0;OF&#0;TOK&#0;O-MITSUBISHI&#0;UFJ,&#0;LTD.                                   CITIBANK,&#0;N.A.&#0;and                           U.S.&#0;BANK&#0;NATIONAL&#0;ASSOCIATION                                   as&#0;Syndication&#0;Agents,                                            and                               GOLDMAN&#0;SACHS&#0;BANK&#0;USA                     WELLS&#0;FARGO&#0;BANK,&#0;NATIONAL&#0;ASSOCIATION                      HSBC&#0;BANK&#0;USA,&#0;NATIONAL&#0;ASSOCIATION&#0;and                            DEUTSCHE&#0;BANK&#0;SECURITIES&#0;INC.                                  as&#0;Documentation&#0;Agents                               JPMORGAN&#0;CHASE&#0;BANK,&#0;N.A.               MERRILL&#0;L&#0;NCH,&#0;PIERCE,&#0;FENNER&#0;&#0;&#0;SMITH&#0;INCORPORATED                    THEMUFG&#0;BANK&#0;OF&#0;TOK&#0;O-MITSUBISHI&#0;UFJ,&#0;LTD.                         CITIGROUP&#0;GLOBAL&#0;MARKETS&#0;INC.&#0;and                           U.S.&#0;BANK&#0;NATIONAL&#0;ASSOCIATION   US-DOCS\111991625.1111991625.6

 

                                 TABLE&#0;OF&#0;CONTENTS                                                                                    Page  ARTICLE&#0;I.&#0;DEFINITIONS                                                            5        SECTION&#0;1.01  Defined&#0;Terms                                                5        SECTION&#0;1.02  Classification&#0;of&#0;Loans&#0;and&#0;Borrowings                    3637        SECTION&#0;1.03  Terms&#0;Generally                                           3637        SECTION&#0;1.04  Accounting&#0;Terms&#0;&#0;GAAP                                    3637        SECTION&#0;1.05  Interest&#0;Rates                                            3738        SECTION&#0;1.06  Luxembourg&#0;Terms                                          3738        SECTION&#0;1.07  Certain&#0;Calculations                                      3738        SECTION&#0;1.08  Divisions                                                   39 ARTICLE&#0;II.&#0;THE&#0;CREDITS                                                        3839        SECTION&#0;2.01  Commitments                                               3839        SECTION&#0;2.02  Loans&#0;and&#0;Borrowings                                      3839        SECTION&#0;2.03  Requests&#0;for&#0;Borrowings                                   3940        SECTION&#0;2.04  Determination&#0;of&#0;Dollar&#0;Amounts                           3941        SECTION&#0;2.05  Swingline&#0;Loans                                           4041        SECTION&#0;2.06  Letters&#0;of&#0;Credit                                         4143        SECTION&#0;2.07  Funding&#0;of&#0;Borrowings                                     4748        SECTION&#0;2.08  Interest&#0;Elections                                        4849        SECTION&#0;2.09  Termination&#0;and&#0;Reduction&#0;of&#0;Commitments                  4950        SECTION&#0;2.10  Repayment&#0;and&#0;Amorti&#0;ation&#0;of&#0;Loans&#0;&#0;Evidence&#0;of&#0;Indebtedness 5051        SECTION&#0;2.11  Prepayment&#0;of&#0;Loans                                       5152        SECTION&#0;2.12  Fees  &#0;5253        SECTION&#0;2.13  Interest                                                  5354        SECTION&#0;2.14  Alternate&#0;Rate&#0;of&#0;Interest                                5556        SECTION&#0;2.15  Increased&#0;Costs                                           5657        SECTION&#0;2.16  Break&#0;Funding&#0;Payments                                    5859        SECTION&#0;2.17  Taxes &#0;5859        SECTION&#0;2.18  Payments&#0;Generally&#0;&#0;Pro&#0;Rata&#0;Treatment&#0;&#0;Sharing&#0;of&#0;Set-offs 6566        SECTION&#0;2.19  Mitigation&#0;Obligations&#0;&#0;Replacement&#0;of&#0;Lenders            6768        SECTION&#0;2.20  Expansion&#0;Option                                          6869        SECTION&#0;2.21  Market&#0;Disruption                                         6970        SECTION&#0;2.22  Judgment&#0;Currency                                         7071        SECTION&#0;2.23  Designation&#0;of&#0;Affiliate&#0;Borrowers                        7071        SECTION&#0;2.24  Defaulting&#0;Lenders                                        7072        SECTION&#0;2.25  Extension&#0;of&#0;Maturity&#0;Date.                               7274 ARTICLE&#0;III.&#0;REPRESENTATIONS&#0;AND&#0;WARRANTIES                                    7576        SECTION&#0;3.01  Corporate&#0;Existence&#0;and&#0;Power.                            7576        SECTION&#0;3.02  Corporate&#0;and&#0;Governmental&#0;Authori&#0;ation&#0;&#0;Contravention.  7576        SECTION&#0;3.03  Binding&#0;Effect.                                           7576        SECTION&#0;3.04  Financial&#0;Information                                     7576        SECTION&#0;3.05  Litigation,&#0;etc.                                          7677        SECTION&#0;3.06  ERISA&#0;Compliance.                                         7677        SECTION&#0;3.07  Taxes.                                                    7677        SECTION&#0;3.08  Not&#0;an&#0;Investment&#0;Company.                                7677

 

       SECTION&#0;3.09  Environmental&#0;Matters                                     7677        SECTION&#0;3.10  Use&#0;of&#0;Proceeds.                                          7677        SECTION&#0;3.11  Disclosure.                                               7677        SECTION&#0;3.12  Anti-Corruption&#0;Laws&#0;and&#0;Sanctions.                       7778        SECTION&#0;3.13  Domiciliation&#0;&#0;Centre&#0;of&#0;Main&#0;Interests                   7778        SECTION&#0;3.14  Swiss&#0;Non-Bank&#0;Rules                                        78        SECTION&#0;3.15  EEA&#0;Financial&#0;Institutions                                7879        SECTION&#0;3.16  Irish&#0;Loan&#0;Party                                          7879        SECTION&#0;3.17  Tax&#0;Residence                                             7879 ARTICLE&#0;IV.&#0;CONDITIONS                                                         7879        SECTION&#0;4.01  Effective&#0;Date                                            7879        SECTION&#0;4.02  Closing&#0;Date                                              7980        SECTION&#0;4.03  Each&#0;Credit&#0;Event                                         8081        SECTION&#0;4.04  Designation&#0;of&#0;an&#0;Affiliate&#0;Borrower                      8182 ARTICLE&#0;V.&#0;AFFIRMATIVE&#0;COVENANTS                                               8283        SECTION&#0;5.01  Information.                                              8283        SECTION&#0;5.02  Use&#0;of&#0;Proceeds                                           8485        SECTION&#0;5.03  Compliance&#0;with&#0;Contractual&#0;Obligations&#0;and&#0;Laws          8485        SECTION&#0;5.04  Insurance.                                                8485        SECTION&#0;5.05  Ownership&#0;of&#0;Borrowers.                                   8485        SECTION&#0;5.06  Payment&#0;of&#0;Taxes                                          8485        SECTION&#0;5.07  Swiss&#0;Non-Bank&#0;Rule                                       8586        SECTION&#0;5.08  Loan&#0;Party&#0;Location                                       8586        SECTION&#0;5.09  Tax&#0;Residence                                             8586        SECTION&#0;5.10  Service&#0;of&#0;Process&#0;Agent                                  8586 ARTICLE&#0;VI.&#0;NEGATIVE&#0;COVENANTS                                                 8586        SECTION&#0;6.01  Maximum&#0;Net&#0;Leverage&#0;Ratio                                8586        SECTION&#0;6.02  Minimum&#0;Interest&#0;Coverage&#0;Ratio                           8687        SECTION&#0;6.03  Negative&#0;Pledge.                                          8687        SECTION&#0;6.04  Consolidations,&#0;Mergers&#0;and&#0;Sales&#0;of&#0;Assets&#0;&#0;Acquisitions. 8889        SECTION&#0;6.05  Subsidiary&#0;Debt.                                          8889        SECTION&#0;6.06  OFAC&#0;and&#0;Anti-Corruption&#0;Laws                             8990 ARTICLE&#0;VII.&#0;EVENTS&#0;OF&#0;DEFAULT                                                 9091 ARTICLE&#0;VIII.&#0;THE&#0;ADMINISTRATIVE&#0;AGENT                                         9394        SECTION&#0;8.01  Authori&#0;ation&#0;and&#0;Action                                  9394        SECTION&#0;8.02  Administrative&#0;Agent&#0;s&#0;Reliance,&#0;Indemnification,&#0;Etc     9596        SECTION&#0;8.03  Posting&#0;of&#0;Communications.                                9697        SECTION&#0;8.04  The&#0;Administrative&#0;Agent&#0;Individually                     9798        SECTION&#0;8.05  Successor&#0;Administrative&#0;Agent                            9798        SECTION&#0;8.06  Acknowledgement&#0;of&#0;Lenders&#0;and&#0;Issuing&#0;Banks.             9899        SECTION&#0;8.07  Certain&#0;ERISA&#0;Matters                                     9899 ARTICLE&#0;IX.&#0;MISCELLANEOUS                                                    100101        SECTION&#0;9.01  Notices                                                 100101        SECTION&#0;9.02  Waivers&#0;&#0;Amendments                                     102103        SECTION&#0;9.03  Expenses&#0;&#0;Indemnity&#0;&#0;Damage&#0;Waiver                      104105

 

       SECTION&#0;9.04  Successors&#0;and&#0;Assigns                                  105106        SECTION&#0;9.05  Survival                                                110111        SECTION&#0;9.06  Counterparts&#0;&#0;Integration&#0;&#0;Effectiveness&#0;&#0;Electronic&#0;Execution 110111        SECTION&#0;9.07  Severability                                            111112        SECTION&#0;9.08  Right&#0;of&#0;Setoff                                         111112        SECTION&#0;9.09  Governing&#0;Law&#0;&#0;Jurisdiction&#0;&#0;Consent&#0;to&#0;Service&#0;of&#0;Process 111112        SECTION&#0;9.10  WAIVER&#0;OF&#0;JUR&#0;&#0;TRIAL                                    112113        SECTION&#0;9.11  Headings                                                113114        SECTION&#0;9.12  Confidentiality                                         113114        SECTION&#0;9.13  USA&#0;PATRIOT&#0;Act                                         114115        SECTION&#0;9.14  Interest&#0;Rate&#0;Limitation                                114115        SECTION&#0;9.15  No&#0;Fiduciary&#0;Duty,&#0;etc                                  114115        SECTION&#0;9.16  Acknowledgement&#0;and&#0;Consent&#0;to&#0;Bail-In&#0;of&#0;EEA&#0;Financial&#0;Institutions115116        SECTION&#0;9.17  Confirmation&#0;of&#0;Lender&#0;s&#0;Status&#0;as&#0;Swiss&#0;Qualifying&#0;Lender 116        SECTION&#0;9.18  Acknowledgement&#0;Regarding&#0;Supported&#0;QFCs                   117 ARTICLE&#0;X.&#0;PARENT&#0;GUARANTEE                                                  116117     SCHEDULES:    Schedule&#0;2.01       --     Commitments   Schedule&#0;2.05&#0;      --     Swingline&#0;Sublimits   Schedule&#0;6.03       --     List&#0;of&#0;Existing&#0;Liens   Schedule&#0;6.05       --     Existing&#0;Debt    EXHIBITS:    Exhibit&#0;A&#0;   --     Form&#0;of&#0;Assignment&#0;and&#0;Assumption   Exhibit&#0;B-1  --     Form&#0;of&#0;Opinion&#0;of&#0;Foley&#0;&#0;&#0;Lardner&#0;LLP   Exhibit&#0;B-2  --     Form&#0;of&#0;Opinion&#0;of&#0;Arthur&#0;Cox   Exhibit&#0;B-3&#0;&#0;&#0;&#0;&#0;&#0;&#0;-- Form&#0;of&#0;Opinion&#0;of&#0;Allen&#0;&#0;&#0;Overy   Exhibit&#0;C-1&#0; --     Form&#0;of&#0;Increasing&#0;Lender&#0;Supplement   Exhibit&#0;C-2&#0;&#0;&#0;&#0;&#0;&#0;&#0;-- Form&#0;of&#0;Augmenting&#0;Lender&#0;Supplement   Exhibit&#0;D-1  --     Form&#0;of&#0;Revolving&#0;Credit&#0;Note   Exhibit&#0;D-2  --     Form&#0;of&#0;Term&#0;Loan&#0;Note   Exhibit&#0;E&#0;   --&#0;    List&#0;of&#0;Effective&#0;Date&#0;and&#0;Closing&#0;Date&#0;Documents   Exhibit&#0;F-1&#0; --     Form&#0;of&#0;Affiliate&#0;Borrowing&#0;Agreement   Exhibit&#0;F-2&#0; --     Form&#0;of&#0;Affiliate&#0;Borrowing&#0;Termination   Exhibit&#0;G-1  --     Form&#0;of&#0;Borrowing&#0;Request   Exhibit&#0;G-2  --     Form&#0;of&#0;Interest&#0;Election&#0;Request   Exhibits&#0;H-1-4 --   Form&#0;of&#0;U.S.&#0;Tax&#0;Compliance&#0;Certificates   Exhibit&#0;I    --     Form&#0;of&#0;Irish&#0;Qualifying&#0;Lender&#0;Confirmation

 

       CREDIT&#0; AGREEMENT&#0; (this&#0; “Agreement&#0;&#0;&#0; dated&#0; as&#0; of&#0; March&#0; 23,&#0; 2018&#0; among&#0; NVENT ELECTRIC&#0;plc,&#0;an&#0;Irish&#0;public&#0;limited&#0;company,&#0;NVENT&#0;FINANCE&#0;S.&#0;&#0;R.L.,&#0;a&#0;Luxembourg&#0;private limited&#0;liability&#0;company&#0;(Société à responsabilité limitée&#0;&#0;having&#0;its&#0;registered&#0;office&#0;at&#0;26,&#0;boulevard Royal,&#0;L-2449&#0;Luxembourg&#0;and&#0;registered&#0;with&#0;the&#0;Luxembourg&#0;Trade&#0;and&#0;Companies&#0;Register&#0;under number&#0;B219846,&#0;the&#0;other&#0;AFFILIATE&#0;BORROWERS&#0;from&#0;time&#0;to&#0;time&#0;party&#0;hereto,&#0;the&#0;LENDERS from&#0;time&#0;to&#0;time&#0;party&#0;hereto,&#0;JPMORGAN&#0;CHASE&#0;BANK,&#0;N.A.,&#0;as&#0;Administrative&#0;Agent,&#0;BANK&#0;OF AMERICA,&#0; N.A.,&#0; THEMUFG&#0; BANK&#0; OF&#0; TOK&#0;O-MITSUBISHI&#0; UFJ,&#0; LTD.&#0;    (f/k/a&#0; The&#0; Bank&#0; of Tokyo-Mitsubishi&#0; UFJ,&#0; Ltd.&#0;,&#0; CITIBANK,&#0; N.A.&#0; and&#0; U.S.&#0; BANK&#0; NATIONAL&#0; ASSOCIATION,&#0; as Syndication&#0; Agents&#0; and&#0; GOLDMAN&#0; SACHS&#0; BANK&#0; USA,&#0; &#0; WELLS&#0; FARGO&#0; BANK,&#0; NATIONAL ASSOCIATION,&#0; HSBC&#0; BANK&#0; USA,&#0; NATIONAL&#0; ASSOCIATION&#0; and&#0; DEUTSCHE&#0; BANK SECURITIES&#0;INC.,&#0;as&#0;Documentation&#0;Agents.         NOW,&#0; THEREFORE,&#0; in&#0; consideration&#0; of&#0; the&#0; premises&#0; and&#0; the&#0; mutual&#0; covenants&#0; contained herein,&#0;the&#0;parties&#0;hereto&#0;agree&#0;as&#0;follows:                                          ARTICLE&#0;I.                                       DEFINITIONS         SECTION&#0;1.01 &#0; Defined&#0; Terms.&#0; &#0; As&#0; used&#0; in&#0; this&#0; Agreement,&#0; the&#0; following&#0; terms&#0; have&#0; the meanings&#0;specified&#0;below:         “ABR&#0;,&#0;when&#0;used&#0; in&#0;reference&#0;to&#0;any&#0;Loan&#0;or&#0;Borrowing,&#0;refers&#0;to&#0;such&#0;Loan,&#0;or&#0;the&#0;Loans comprising&#0;such&#0;Borrowing,&#0;bearing&#0;interest&#0;at&#0;a&#0;rate&#0;determined&#0;by&#0;reference&#0;to&#0;the&#0;Alternate&#0;Base&#0;Rate.         “Acquisition&#0;&#0;means&#0;any&#0;transaction&#0;or&#0;series&#0;of&#0;related&#0;transactions&#0;(excluding&#0;any&#0;transaction solely&#0;among&#0;the&#0;Parent&#0;and/or&#0;one&#0;or&#0;more&#0;persons&#0;that&#0;are&#0;already&#0;Subsidiaries&#0;&#0;that&#0;result,&#0;directly&#0;or indirectly,&#0;in&#0;(a&#0;&#0;the&#0;acquisition&#0;by&#0;the&#0;Parent&#0;or&#0;any&#0;Subsidiary&#0;of&#0;all&#0;or&#0;substantially&#0;all&#0;of&#0;the&#0;assets&#0;of&#0;a Person,&#0;or&#0;of&#0;all&#0;or&#0;substantially&#0;all&#0;of&#0;any&#0;business&#0;or&#0;division&#0;of&#0;a&#0;Person,&#0;(b&#0;&#0;the&#0;acquisition&#0;of&#0;in&#0;excess of&#0; 50%&#0; of&#0; the&#0; capital&#0; stock,&#0; partnership&#0; interests,&#0; membership&#0; interests&#0; or&#0; equity&#0; of&#0; any&#0; Person,&#0; or otherwise&#0; causing&#0; any&#0; Person&#0; to&#0; become&#0; a&#0; Subsidiary,&#0; or&#0; (c&#0;&#0; a&#0; merger&#0; or&#0; consolidation&#0; or&#0; any&#0; other combination&#0;with&#0;another&#0;Person&#0;&#0;provided&#0;that&#0;the&#0;Parent&#0;or&#0;a&#0;Subsidiary&#0;is&#0;the&#0;ultimate&#0;surviving&#0;entity.         “Additional&#0;Commitment&#0;Lender&#0;&#0;has&#0;the&#0;meaning&#0;assigned&#0;to&#0;such&#0;term&#0;in&#0;Section&#0;2.25(d&#0;.         “Adjusted&#0; LIBO&#0; Rate&#0;&#0; means,&#0; with&#0; respect&#0; to&#0; any&#0; Eurocurrency&#0; Borrowing&#0; for&#0; any&#0; Interest Period,&#0;an&#0;interest&#0;rate&#0;per&#0;annum&#0;equal&#0;to&#0;(a&#0;&#0;the&#0;LIBO&#0;Rate&#0;for&#0;such&#0;Interest&#0;Period&#0;multiplied&#0;by&#0;(b&#0;&#0;the Statutory&#0;Reserve&#0;Rate.         “Administrative&#0;Agent&#0;&#0;means&#0;JPMCB&#0;(including&#0;its&#0;branches&#0;and&#0;affiliates&#0;&#0;in&#0;its&#0;capacity&#0;as administrative&#0; agent&#0; for&#0; the&#0; Lenders&#0; hereunder,&#0; and&#0; any&#0; successor&#0; administrative&#0; agent&#0; arising&#0; under Section&#0;9.04.         “Administrative&#0;Questionnaire&#0;&#0;means&#0;an&#0;Administrative&#0;Questionnaire&#0;in&#0;a&#0;form&#0;supplied&#0;by&#0;the Administrative&#0;Agent.         “Affiliate&#0;&#0;means,&#0;as&#0;to&#0;any&#0;Person,&#0;any&#0;other&#0;Person&#0;directly&#0;or&#0;indirectly&#0;controlling,&#0;controlled by,&#0; or&#0; under&#0; direct&#0; or&#0; indirect&#0; common&#0; control&#0; with,&#0; such&#0; Person.&#0; &#0; A&#0; Person&#0; shall&#0; be&#0; deemed&#0; to&#0; be “controlled&#0;by&#0;&#0;any&#0;other&#0;Person&#0;if&#0;such&#0;other&#0;Person&#0;possesses,&#0;directly&#0;or&#0;indirectly,&#0;power&#0;to&#0;direct&#0;or cause&#0;the&#0;direction&#0;of&#0;the&#0;management&#0;and&#0;policies&#0;of&#0;such&#0;Person&#0;whether&#0;by&#0;contract&#0;or&#0;otherwise&#0;(but,

 

for&#0;the&#0;avoidance&#0;of&#0;doubt,&#0;no&#0;individual&#0;shall&#0;be&#0;deemed&#0;to&#0;be&#0;an&#0;Affiliate&#0;of&#0;a&#0;Person&#0;solely&#0;because such&#0;individual&#0;is&#0;a&#0;director&#0;(or&#0;the&#0;equivalent&#0;thereof&#0;&#0;or&#0;senior&#0;officer&#0;of&#0;such&#0;Person&#0;.         “Affiliate&#0;Borrower&#0;Sublimit&#0;&#0;means&#0;$300,000,000.         “Affiliate&#0; Borrowers&#0;&#0; means,&#0; collectively,&#0; the&#0; Initial&#0; Affiliate&#0; Borrower&#0; and&#0; any&#0; Eligible Subsidiary&#0;that&#0;becomes&#0;an&#0;Affiliate&#0;Borrower&#0;pursuant&#0;to&#0;Section&#0;2.23&#0;and,&#0;in&#0;each&#0;case,&#0;that&#0;has&#0;not ceased&#0;to&#0;be&#0;an&#0;Affiliate&#0;Borrower&#0;&#0;and&#0;“Affiliate&#0;Borrower&#0;&#0;means&#0;any&#0;of&#0;the&#0;Affiliate&#0;Borrowers.         “Affiliate&#0;Borrowing&#0;Agreement&#0;&#0;means&#0;an&#0;Affiliate&#0;Borrowing&#0;Agreement&#0;substantially&#0;in&#0;the form&#0;of&#0;Exhibit&#0;F-1.         “Affiliate&#0;Borrowing&#0;Termination&#0;&#0;means&#0;an&#0;Affiliate&#0;Borrowing&#0;Termination&#0;substantially&#0;in&#0;the form&#0;of&#0;Exhibit&#0;F-2.         “Agent&#0;Indemnitee&#0;&#0;has&#0;the&#0;meaning&#0;assigned&#0;to&#0;it&#0;in&#0;Section&#0;9.03(c&#0;.         “Agreed&#0;Currencies&#0;&#0;means&#0;with&#0;respect&#0;to&#0;(a&#0;&#0;Revolving&#0;Loans,&#0;Agreed&#0;Loan&#0;Currencies&#0;and (b&#0;&#0;Letters&#0;of&#0;Credit,&#0;Agreed&#0;LC&#0;Currencies.         “Agreed&#0;LC&#0;Currencies&#0;&#0;means&#0;(a&#0;&#0;the&#0;Agreed&#0;Loan&#0;Currencies&#0;and&#0;(b&#0;&#0;any&#0;other&#0;currency&#0;that&#0;is (i&#0;&#0; readily&#0; available&#0; and&#0; freely&#0; transferable&#0; and&#0; convertible&#0; into&#0; Dollars&#0; and&#0; (ii&#0;&#0; agreed&#0; to&#0; by&#0; the Company,&#0;the&#0;Administrative&#0;Agent&#0;and&#0;the&#0;relevant&#0;Issuing&#0;Bank.         “Agreed&#0;Loan&#0;Currencies&#0;&#0;means&#0;(i&#0;&#0;Dollars,&#0;(ii&#0;&#0;euro,&#0;(iii&#0;&#0;Pounds&#0;Sterling&#0;and&#0;(iv&#0;&#0;any&#0;other currency&#0;(A&#0;&#0;that&#0;is&#0;a&#0;lawful&#0;currency&#0;(other&#0;than&#0;Dollars&#0;&#0;that&#0;is&#0;readily&#0;available&#0;and&#0;freely&#0;transferable and&#0; convertible&#0; into&#0; Dollars,&#0; (B&#0;&#0; for&#0; which&#0; a&#0; LIBOR&#0; Screen&#0; Rate&#0; is&#0; available&#0; in&#0; the&#0; Administrative Agent&#0;s&#0;reasonable&#0;determination&#0;and&#0;(C&#0;&#0;that&#0;is&#0;agreed&#0;to&#0;by&#0;the&#0;Administrative&#0;Agent&#0;and&#0;each&#0;of&#0;the Revolving&#0;Lenders.         “Agreement&#0;&#0;means&#0;this&#0;Credit&#0;Agreement.         “Alternate&#0;Base&#0;Rate&#0;&#0;means,&#0;for&#0;any&#0;day,&#0;a&#0;rate&#0;per&#0;annum&#0;equal&#0;to&#0;the&#0;greatest&#0;of&#0;(a&#0;&#0;the&#0;Prime Rate&#0;in&#0;effect&#0;on&#0;such&#0;day,&#0;(b&#0;&#0;the&#0;N&#0;FRB&#0;Rate&#0;in&#0;effect&#0;on&#0;such&#0;day&#0;plus&#0;&#0;&#0;of&#0;1%&#0;and&#0;(c&#0;&#0;the&#0;Adjusted LIBO&#0;Rate&#0;for&#0;a&#0;one&#0;month&#0;Interest&#0;Period&#0;in&#0;Dollars&#0;on&#0;such&#0;day&#0;(or&#0;if&#0;such&#0;day&#0;is&#0;not&#0;a&#0;Business&#0;Day, the&#0;immediately&#0;preceding&#0;Business&#0;Day&#0;&#0;plus&#0;1%,&#0;provided&#0;that&#0;for&#0;the&#0;purpose&#0;of&#0;this&#0;definition,&#0;the Adjusted&#0;LIBO&#0;Rate&#0;for&#0;any&#0;day&#0;shall&#0;be&#0;based&#0;on&#0;the&#0;LIBO&#0;Rate&#0;(or&#0;if&#0;the&#0;LIBO&#0;Rate&#0;is&#0;not&#0;available&#0;for such&#0;one&#0;month&#0;Interest&#0;Period,&#0;the&#0;Interpolated&#0;Rate&#0;&#0;at&#0;approximately&#0;11:00&#0;a.m.&#0;London&#0;time&#0;on&#0;such day.&#0;&#0;Any&#0;change&#0;in&#0;the&#0;Alternate&#0;Base&#0;Rate&#0;due&#0;to&#0;a&#0;change&#0;in&#0;the&#0;Prime&#0;Rate,&#0;the&#0;N&#0;FRB&#0;Rate&#0;or&#0;the Adjusted&#0;LIBO&#0;Rate&#0;shall&#0;be&#0;effective&#0;from&#0;and&#0;including&#0;the&#0;effective&#0;date&#0;of&#0;such&#0;change&#0;in&#0;the&#0;Prime Rate,&#0;the&#0;N&#0;FRB&#0;Rate&#0;or&#0;the&#0;Adjusted&#0;LIBO&#0;Rate,&#0;respectively.&#0;&#0;If&#0;the&#0;Alternate&#0;Base&#0;Rate&#0;is&#0;being&#0;used as&#0;an&#0;alternate&#0;rate&#0;of&#0;interest&#0;pursuant&#0;to&#0;Section&#0;2.14&#0;hereof,&#0;then&#0;the&#0;Alternate&#0;Base&#0;Rate&#0;shall&#0;be&#0;the greater&#0;of&#0;clause&#0;(a&#0;&#0;and&#0;(b&#0;&#0;above&#0;and&#0;shall&#0;be&#0;determined&#0;without&#0;reference&#0;to&#0;clause&#0;(c&#0;&#0;above.&#0;&#0;For&#0;the avoidance&#0;of&#0;doubt,&#0;if&#0;the&#0;Alternate&#0;Base&#0;Rate&#0;as&#0;so&#0;determined&#0;would&#0;be&#0;less&#0;than&#0;&#0;ero,&#0;such&#0;rate&#0;shall&#0;be deemed&#0;to&#0;be&#0;&#0;ero&#0;for&#0;purposes&#0;of&#0;this&#0;Agreement.         “Alternative&#0;Rate&#0;&#0;has&#0;the&#0;meaning&#0;assigned&#0;to&#0;such&#0;term&#0;in&#0;Section&#0;2.14(a&#0;.         “Amendment&#0;No.&#0;1&#0;Effective&#0;Date&#0;&#0;means&#0;December&#0;20,&#0;2019.                                              7

 

       “Anti-Corruption&#0;Laws&#0;&#0;means&#0;all&#0;laws,&#0;rules,&#0;and&#0;regulations&#0;of&#0;any&#0;jurisdiction&#0;applicable&#0;to the&#0;Parent&#0;and&#0;its&#0;affiliated&#0;companies&#0;concerning&#0;or&#0;relating&#0;to&#0;bribery&#0;or&#0;corruption.         “Applicable&#0;LC&#0;Sublimit&#0;&#0;means&#0;(i&#0;&#0;with&#0;respect&#0;to&#0;JPMCB&#0;in&#0;its&#0;capacity&#0;as&#0;an&#0;Issuing&#0;Bank under&#0; this&#0; Agreement,&#0; $40,000,000,&#0; (ii&#0;&#0; with&#0; respect&#0; to&#0; Bank&#0; of&#0; America,&#0; N.A.&#0; in&#0; its&#0; capacity&#0; as&#0; an Issuing&#0; Bank&#0; under&#0; this&#0; Agreement,&#0; $40,000,000,&#0; (iii&#0;&#0; with&#0; respect&#0; to&#0; TheMUFG&#0; Bank&#0; of&#0; Tokyo- Mitsubishi&#0;UFJ,&#0;Ltd.&#0;in&#0;its&#0;capacity&#0;as&#0;an&#0;Issuing&#0;Bank&#0;under&#0;this&#0;Agreement,&#0;$40,000,000,&#0;(iv&#0;&#0;with respect&#0;to&#0;Citibank,&#0;N.A.&#0;in&#0;its&#0;capacity&#0;as&#0;an&#0;Issuing&#0;Bank&#0;under&#0;this&#0;Agreement,&#0;$40,000,000,&#0;(v&#0;&#0;with respect&#0; to&#0; U.S.&#0; Bank&#0; National&#0; Association&#0; in&#0; its&#0; capacity&#0; as&#0; an&#0; Issuing&#0; Bank&#0; under&#0; this&#0; Agreement, $40,000,000&#0;and&#0;(vi&#0;&#0;with&#0;respect&#0;to&#0;any&#0;other&#0;Person&#0;that&#0;becomes&#0;an&#0;Issuing&#0;Bank&#0;pursuant&#0;to&#0;the&#0;terms of&#0;this&#0;Agreement,&#0;such&#0;amount&#0;as&#0;agreed&#0;to&#0;in&#0;writing&#0;by&#0;the&#0;Company,&#0;the&#0;Administrative&#0;Agent&#0;and such&#0;Person&#0;at&#0;the&#0;time&#0;such&#0;Person&#0;becomes&#0;an&#0;Issuing&#0;Bank&#0;pursuant&#0;to&#0;the&#0;terms&#0;of&#0;the&#0;Agreement,&#0;as each&#0;of&#0;the&#0;foregoing&#0;amounts&#0;may&#0;be&#0;decreased&#0;or&#0;increased&#0;from&#0;time&#0;to&#0;time&#0;with&#0;the&#0;written&#0;consent of&#0; the&#0; Company,&#0; the&#0; Administrative&#0; Agent&#0; and&#0; the&#0; Issuing&#0; Banks&#0; (provided&#0; that&#0; any&#0; increase&#0; in&#0; the Applicable&#0;LC&#0;Sublimit&#0;with&#0;respect&#0;to&#0;any&#0;Issuing&#0;Bank&#0;shall&#0;only&#0;require&#0;the&#0;consent&#0;of&#0;the&#0;Company and&#0;such&#0;Issuing&#0;Bank&#0;.         “Applicable&#0;Maturity&#0;Date&#0;&#0;has&#0;the&#0;meaning&#0;assigned&#0;to&#0;such&#0;term&#0;in&#0;Section&#0;2.25(a&#0;.         “Applicable&#0;Percentage&#0;&#0;means,&#0;with&#0;respect&#0;to&#0;any&#0;Lender,&#0;(a&#0;&#0;with&#0;respect&#0;to&#0;Revolving&#0;Loans, Revolving&#0; Credit&#0; Exposure,&#0; LC&#0; Exposure&#0; or&#0; Swingline&#0; Loans,&#0; the&#0; percentage&#0; equal&#0; to&#0; a&#0; fraction&#0; the numerator&#0; of&#0; which&#0; is&#0; such&#0; Lender&#0;s&#0; Revolving&#0; Commitment&#0; and&#0; the&#0; denominator&#0; of&#0; which&#0; is&#0; the aggregate&#0; Revolving&#0; Commitments&#0; of&#0; all&#0; Revolving&#0; Lenders&#0; (if&#0; the&#0; Revolving&#0; Commitments&#0; have terminated&#0; or&#0; expired,&#0; the&#0; Applicable&#0; Percentages&#0; shall&#0; be&#0; determined&#0; based&#0; upon&#0; the&#0; Revolving Commitments&#0;most&#0;recently&#0;in&#0;effect,&#0;giving&#0;effect&#0;to&#0;any&#0;assignments&#0;&#0;and&#0;(b&#0;&#0;with&#0;respect&#0;to&#0;the&#0;Term Loans,&#0;(i&#0;&#0;at&#0;any&#0;time&#0;prior&#0;to&#0;advancing&#0;the&#0;Term&#0;Loans,&#0;a&#0;percentage&#0;equal&#0;to&#0;a&#0;fraction&#0;the&#0;numerator of&#0;which&#0;is&#0;such&#0;Lender&#0;s&#0;Term&#0;Loan&#0;Commitment&#0;and&#0;the&#0;denominator&#0;of&#0;which&#0;is&#0;the&#0;aggregate&#0;Term Loan&#0; Commitments&#0; of&#0; all&#0; Term&#0; Lenders&#0; and&#0; (ii&#0;&#0; at&#0; any&#0; time&#0; after&#0; advancing&#0; the&#0; Term&#0; Loans,&#0; a percentage&#0;equal&#0;to&#0;a&#0;fraction&#0;the&#0;numerator&#0;of&#0;which&#0;is&#0;such&#0;Lender&#0;s&#0;outstanding&#0;principal&#0;amount&#0;of the&#0;Term&#0;Loans&#0;and&#0;the&#0;denominator&#0;of&#0;which&#0;is&#0;the&#0;aggregate&#0;outstanding&#0;principal&#0;amount&#0;of&#0;the&#0;Term Loans&#0;of&#0;all&#0;Term&#0;Lenders&#0;&#0;provided&#0;that,&#0;in&#0;the&#0;case&#0;of&#0;each&#0;of&#0;the&#0;foregoing&#0;clauses&#0;(a&#0;&#0;and&#0;(b&#0;,&#0;in&#0;the case&#0; of&#0; Section&#0;2.24&#0; when&#0; a&#0; Defaulting&#0; Lender&#0; shall&#0; exist,&#0; any&#0; such&#0; Defaulting&#0; Lender&#0;s&#0; Revolving Commitment,&#0; Dollar&#0; and/or&#0; Term&#0; Loan&#0; Commitment,&#0; as&#0; applicable,&#0; shall&#0; be&#0; disregarded&#0; in&#0; the calculation.         “Applicable&#0;Rate&#0;&#0;means,&#0;for&#0;any&#0;day,&#0;with&#0;respect&#0;to&#0;any&#0;Eurocurrency&#0;Revolving&#0;Loan,&#0;any Eurocurrency&#0; Term&#0; Loan,&#0; any&#0; ABR&#0; Revolving&#0; Loan,&#0; or&#0; any&#0; ABR&#0; Term&#0;Loan,&#0; or&#0; with&#0; respect&#0; to&#0; the facility&#0;fees&#0;payable&#0;hereunder,&#0;as&#0;the&#0;case&#0;may&#0;be,&#0;the&#0;applicable&#0;rate&#0;per&#0;annum&#0;set&#0;forth&#0;below&#0;under the&#0;caption&#0;“Eurocurrency&#0;Spread&#0;for&#0;Revolving&#0;Loans&#0;,&#0;“Eurocurrency&#0;Spread&#0;for&#0;Term&#0;Loans&#0;,&#0;“ABR Spread&#0;for&#0;Revolving&#0;Loans&#0;,&#0;&#0;“ABR&#0;Spread&#0;for&#0;Term&#0;Loans&#0;&#0;or&#0;“Facility&#0;Fee&#0;Rate&#0;,&#0;as&#0;the&#0;case&#0;may&#0;be, based&#0;upon&#0;the&#0;Pricing&#0;Level&#0;applicable&#0;on&#0;such&#0;date.     Pricing   Facility  Eurocurrency        ABR         Eurocurrency        ABR     Level      Fee      Spread&#0;for       Spread&#0;for      Spread&#0;for      Spread&#0;for                       Revolving&#0;Loans Revolving&#0;Loans   Term&#0;Loans      Term&#0;Loans     Level&#0;I   0.10%        0.90%             0%            1.00%             0%     Level&#0;II  0.125%       1.00%            0%             1.125%          0.125%     Level&#0;III 0.15%        1.10%           0.10%           1.25%           0.25%                                             8

 

       “Approved&#0; Jurisdictions&#0;&#0; means&#0; Ireland,&#0; Swit&#0;erland,&#0; Luxembourg,&#0; the&#0; United&#0; States&#0; and England&#0;and&#0;Wales.         “Arrangers&#0;&#0;means&#0;each&#0;of&#0;JPMCB,&#0;Merrill&#0;Lynch,&#0;Pierce,&#0;Fenner&#0;&#0;&#0;Smith&#0;Incorporated,&#0;MUFG Bank,&#0;Ltd.&#0;(f/k/a&#0;The&#0;Bank&#0;of&#0;Tokyo-Mitsubishi&#0;UFJ,&#0;Ltd.&#0;,&#0;Citigroup&#0;Global&#0;Markets&#0;Inc.&#0;and&#0;U.S. Bank&#0;National&#0;Association&#0;in&#0;its&#0;capacity&#0;as&#0;a&#0;joint&#0;bookrunner&#0;and&#0;joint&#0;lead&#0;arranger&#0;hereunder.         “Assignment&#0;and&#0;Assumption&#0;&#0;means&#0;an&#0;assignment&#0;and&#0;assumption&#0;agreement&#0;entered&#0;into&#0;by&#0;a Lender&#0;and&#0;an&#0;assignee&#0;(with&#0;the&#0;consent&#0;of&#0;any&#0;party&#0;whose&#0;consent&#0;is&#0;required&#0;by&#0;Section&#0;9.04&#0;,&#0;and accepted&#0; by&#0; the&#0; Administrative&#0; Agent,&#0; in&#0; the&#0; form&#0; of&#0; Exhibit&#0; A&#0; or&#0; any&#0; other&#0; form&#0; approved&#0; by&#0; the Administrative&#0;Agent.         “Augmenting&#0;Lender&#0;&#0;is&#0;defined&#0;in&#0;Section&#0;2.20.         “Availability&#0;Period&#0;&#0;means&#0;the&#0;period&#0;from&#0;and&#0;including&#0;the&#0;Closing&#0;Date&#0;to&#0;but&#0;excluding&#0;the earlier&#0;of&#0;the&#0;Revolving&#0;Credit&#0;Maturity&#0;Date&#0;and&#0;the&#0;date&#0;of&#0;termination&#0;of&#0;the&#0;Revolving&#0;Commitments.         “Bail-In&#0; Action&#0;&#0; means&#0; the&#0; exercise&#0; of&#0; any&#0; Write-Down&#0; and&#0; Conversion&#0; Powers&#0; by&#0; the applicable&#0;EEA&#0;Resolution&#0;Authority&#0;in&#0;respect&#0;of&#0;any&#0;liability&#0;of&#0;an&#0;EEA&#0;Financial&#0;Institution.         “Bail-In&#0;Legislation&#0;&#0;means,&#0;with&#0;respect&#0;to&#0;any&#0;EEA&#0;Member&#0;Country&#0;implementing&#0;Article&#0;55 of&#0; Directive&#0; 2014/59/EU&#0; of&#0; the&#0; European&#0; Parliament&#0; and&#0; of&#0; the&#0; Council&#0; of&#0; the&#0; European&#0; Union,&#0; the implementing&#0;law&#0;for&#0;such&#0;EEA&#0;Member&#0;Country&#0;from&#0;time&#0;to&#0;time&#0;which&#0;is&#0;described&#0;in&#0;the&#0;EU&#0;Bail-In Legislation&#0;Schedule.         “Banking&#0;Services&#0;&#0;means&#0;each&#0;and&#0;any&#0;of&#0;the&#0;following&#0;bank&#0;services&#0;provided&#0;to&#0;the&#0;Parent&#0;or any&#0; Subsidiary&#0; by&#0; any&#0; Lender&#0; or&#0; any&#0; of&#0; its&#0; Affiliates:&#0; &#0; (a&#0;&#0; credit&#0; cards&#0; for&#0; commercial&#0; customers (including,&#0;without&#0;limitation,&#0;commercial&#0;credit&#0;cards&#0;and&#0;purchasing&#0;cards&#0;,&#0;(b&#0;&#0;stored&#0;value&#0;cards,&#0;(c&#0; merchant&#0; processing&#0; services&#0; and&#0; (d&#0;&#0; treasury&#0; management&#0; services&#0; (including,&#0; without&#0; limitation, controlled&#0;disbursement&#0;services,&#0;automated&#0;clearinghouse&#0;transactions,&#0;return&#0;items&#0;services,&#0;any&#0;direct debit&#0;scheme&#0;or&#0;arrangement,&#0;overdraft&#0;services&#0;and&#0;interstate&#0;depository&#0;network&#0;services&#0;.         “Banking&#0; Services&#0; Agreement&#0;&#0; means&#0; any&#0; agreement&#0; entered&#0; into&#0; by&#0; the&#0; Parent&#0; or&#0; any Subsidiary&#0;in&#0;connection&#0;with&#0;Banking&#0;Services.         “Bankruptcy&#0;Event&#0;&#0;means,&#0;with&#0;respect&#0;to&#0;any&#0;Person,&#0;such&#0;Person&#0;becomes&#0;the&#0;subject&#0;of&#0;a voluntary&#0;or&#0;involuntary&#0;bankruptcy&#0;or&#0;insolvency&#0;proceeding,&#0;or&#0;has&#0;had&#0;a&#0;receiver,&#0;conservator,&#0;trustee, administrator,&#0; custodian,&#0; assignee&#0; for&#0; the&#0; benefit&#0; of&#0; creditors&#0; or&#0; similar&#0; Person&#0; charged&#0; with&#0; the reorgani&#0;ation&#0;or&#0;liquidation&#0;of&#0;its&#0;business&#0;appointed&#0;for&#0;it,&#0;or,&#0;in&#0;the&#0;good&#0;faith&#0;determination&#0;of&#0;the Administrative&#0;Agent,&#0;has&#0;taken&#0;any&#0;action&#0;in&#0;furtherance&#0;of,&#0;or&#0;indicating&#0;its&#0;consent&#0;to,&#0;approval&#0;of,&#0;or acquiescence&#0;in,&#0;any&#0;such&#0;proceeding&#0;or&#0;appointment&#0;or&#0;has&#0;had&#0;any&#0;order&#0;for&#0;relief&#0;in&#0;such&#0;proceeding entered&#0; in&#0; respect&#0; thereof,&#0; provided&#0; that&#0; a&#0; Bankruptcy&#0; Event&#0; shall&#0; not&#0; result&#0; solely&#0; by&#0; virtue&#0; of&#0; any ownership&#0; interest,&#0; or&#0; the&#0; acquisition&#0; of&#0; any&#0; ownership&#0; interest,&#0; in&#0; such&#0; Person&#0; by&#0; a&#0; Governmental Authority&#0;or&#0;instrumentality&#0;thereof,&#0;unless&#0;such&#0;ownership&#0;interest&#0;results&#0;in&#0;or&#0;provides&#0;such&#0;Person with&#0; immunity&#0; from&#0; the&#0; jurisdiction&#0; of&#0; courts&#0; within&#0; the&#0; United&#0; States&#0; or&#0; from&#0; the&#0; enforcement&#0; of judgments&#0;or&#0;writs&#0;of&#0;attachment&#0;on&#0;its&#0;assets&#0;or&#0;permits&#0;such&#0;Person&#0;(or&#0;such&#0;Governmental&#0;Authority&#0;or instrumentality&#0;&#0; to&#0; reject,&#0; repudiate,&#0; disavow&#0; or&#0; disaffirm&#0; any&#0; contracts&#0; or&#0; agreements&#0; made&#0; by&#0; such Person.                                             11

 

       “Beneficial&#0;Ownership&#0;Certification&#0;&#0;means&#0;a&#0;certification&#0;regarding&#0;beneficial&#0;ownership or&#0;control&#0;as&#0;required&#0;by&#0;the&#0;Beneficial&#0;Ownership&#0;Regulation.         “Beneficial&#0;Ownership&#0;Regulation&#0;&#0;means&#0;31&#0;C.F.R.&#0;&#0;&#0;1010.230.         “Benefit&#0; Plan&#0;&#0; means&#0; any&#0; of&#0; (a&#0;&#0; an&#0; “employee&#0; benefit&#0; plan&#0;&#0; (as&#0; defined&#0; in&#0; Section&#0; 3(3&#0;&#0; of ERISA&#0;&#0;that&#0;is&#0;subject&#0;to&#0;Title&#0;I&#0;of&#0;ERISA,&#0;(b&#0;&#0;a&#0;“plan&#0;&#0;as&#0;defined&#0;in&#0;Section&#0;4975&#0;of&#0;the&#0;Code&#0;to&#0;which Section&#0;4975&#0;of&#0;the&#0;Code&#0;applies,&#0;and&#0;(c&#0;&#0;any&#0;Person&#0;whose&#0;assets&#0;include&#0;(for&#0;purposes&#0;of&#0;the&#0;Plan&#0;Asset Regulations&#0;or&#0;otherwise&#0;for&#0;purposes&#0;of&#0;Title&#0;I&#0;of&#0;ERISA&#0;or&#0;Section&#0;4975&#0;of&#0;the&#0;Code&#0;&#0;the&#0;assets&#0;of&#0;any such&#0;“employee&#0;benefit&#0;plan&#0;&#0;or&#0;“plan&#0;.         “BHC&#0;Act&#0;Affiliate&#0;&#0;of&#0;a&#0;party&#0;means&#0;an&#0;“affiliate&#0;&#0;(as&#0;such&#0;term&#0;is&#0;defined&#0;under,&#0;and interpreted&#0;in&#0;accordance&#0;with,&#0;12&#0;U.S.C.&#0;1841(k&#0;&#0;&#0;of&#0;such&#0;party.         “Board&#0;&#0;means&#0;the&#0;Board&#0;of&#0;Governors&#0;of&#0;the&#0;Federal&#0;Reserve&#0;System&#0;of&#0;the&#0;United&#0;States.         “Borrower&#0;&#0;means&#0;the&#0;Company&#0;or&#0;any&#0;Affiliate&#0;Borrower.         “Borrowing&#0;&#0;means&#0;(a&#0;&#0;Revolving&#0;Loans&#0;of&#0;the&#0;same&#0;Type,&#0;made,&#0;converted&#0;or&#0;continued&#0;on&#0;the same&#0;date&#0;and,&#0;in&#0;the&#0;case&#0;of&#0;Eurocurrency&#0;Loans,&#0;as&#0;to&#0;which&#0;a&#0;single&#0;Interest&#0;Period&#0;is&#0;in&#0;effect,&#0;(b&#0;&#0;a Term&#0;Loan&#0;of&#0;the&#0;same&#0;Type&#0;and&#0;Class,&#0;made,&#0;converted&#0;or&#0;continued&#0;on&#0;the&#0;same&#0;date&#0;and,&#0;in&#0;the&#0;case of&#0;Eurocurrency&#0;Loans,&#0;as&#0;to&#0;which&#0;a&#0;single&#0;Interest&#0;Period&#0;is&#0;in&#0;effect&#0;or&#0;(c&#0;&#0;a&#0;Swingline&#0;Loan.         “Borrowing&#0; Request&#0;&#0; means&#0; a&#0; request&#0; by&#0; any&#0; Borrower&#0; for&#0; a&#0; Borrowing&#0; in&#0; accordance&#0; with Section&#0; 2.03&#0; in&#0; substantially&#0; the&#0; form&#0; attached&#0; hereto&#0; as&#0; Exhibit&#0; G-1&#0; or&#0; such&#0; other&#0; form&#0; as&#0; the Administrative&#0;Agent&#0;may&#0;approve&#0;from&#0;time&#0;to&#0;time.         “Business&#0;Day&#0;&#0;means&#0;any&#0;day&#0;that&#0;is&#0;not&#0;a&#0;Saturday,&#0;Sunday&#0;or&#0;other&#0;day&#0;on&#0;which&#0;commercial banks&#0;in&#0;New&#0;&#0;ork&#0;City&#0;are&#0;authori&#0;ed&#0;or&#0;required&#0;by&#0;law&#0;to&#0;remain&#0;closed&#0;&#0;provided&#0;that,&#0;when&#0;used&#0;in connection&#0; with&#0; a&#0; Eurocurrency&#0; Loan,&#0; the&#0; term&#0; “Business&#0; Day&#0;&#0; shall&#0; also&#0; exclude&#0; any&#0; day&#0; on&#0; which banks&#0;are&#0;not&#0;open&#0;for&#0;dealings&#0;in&#0;the&#0;relevant&#0;Agreed&#0;Currency&#0;in&#0;the&#0;London&#0;interbank&#0;market&#0;or&#0;the principal&#0;financial&#0;center&#0;of&#0;such&#0;Agreed&#0;Currency&#0;(and,&#0;if&#0;the&#0;Borrowings&#0;or&#0;LC&#0;Disbursements&#0;which are&#0;the&#0;subject&#0;of&#0;a&#0;borrowing,&#0;drawing,&#0;payment,&#0;reimbursement&#0;or&#0;rate&#0;selection&#0;are&#0;denominated&#0;in euro,&#0;the&#0;term&#0;“Business&#0;Day&#0;&#0;shall&#0;also&#0;exclude&#0;any&#0;day&#0;on&#0;which&#0;the&#0;TARGET2&#0;payment&#0;system&#0;is&#0;not open&#0;for&#0;the&#0;settlement&#0;of&#0;payments&#0;in&#0;euro&#0;.         “Calendar&#0;Quarter&#0;&#0;means&#0;each&#0;of&#0;the&#0;four&#0;calendar&#0;quarters&#0;of&#0;each&#0;calendar&#0;year&#0;ending&#0;each March&#0;31,&#0;June&#0;30,&#0;September&#0;30&#0;and&#0;December&#0;31&#0;of&#0;each&#0;calendar&#0;year.         “Cash&#0;Collaterali&#0;e&#0;&#0;means&#0;to&#0;pledge&#0;and&#0;deposit&#0;with&#0;or&#0;deliver&#0;to&#0;the&#0;Administrative&#0;Agent,&#0;for the&#0; benefit&#0; of&#0; the&#0; Administrative&#0; Agent,&#0; the&#0; applicable&#0; Issuing&#0; Bank&#0; and&#0; the&#0; Revolving&#0; Lenders,&#0; as collateral&#0;or&#0;support&#0;for&#0;the&#0;LC&#0;Exposure,&#0;cash&#0;or&#0;deposit&#0;account&#0;balances,&#0;or&#0;a&#0;standby&#0;letter&#0;of&#0;credit from&#0; a&#0; financial&#0; institution&#0; satisfactory&#0; to&#0; the&#0; Administrative&#0; Agent,&#0; in&#0; each&#0; case&#0; pursuant&#0; to documentation&#0; in&#0; form&#0; and&#0; substance&#0; reasonably&#0; satisfactory&#0; to&#0; the&#0; Administrative&#0; Agent&#0; and&#0; the applicable&#0;Issuing&#0;Bank&#0;(which&#0;documents&#0;are&#0;hereby&#0;consented&#0;to&#0;by&#0;the&#0;Lenders&#0;.&#0;&#0;Derivatives&#0;of&#0;such term&#0;shall&#0;have&#0;corresponding&#0;meanings.         “Change&#0;in&#0;Law&#0;&#0;means&#0;the&#0;occurrence,&#0;after&#0;the&#0;Effective&#0;Date&#0;(or&#0;with&#0;respect&#0;to&#0;any&#0;Lender,&#0;if later,&#0;the&#0;date&#0;on&#0;which&#0;such&#0;Lender&#0;becomes&#0;a&#0;Lender&#0;,&#0;of&#0;any&#0;of&#0;the&#0;following:&#0;&#0;(a&#0;&#0;the&#0;adoption&#0;or taking&#0;effect&#0;of&#0;any&#0;law,&#0;rule,&#0;regulation&#0;or&#0;treaty,&#0;(b&#0;&#0;any&#0;change&#0;in&#0;any&#0;law,&#0;rule,&#0;regulation&#0;or&#0;treaty&#0;or in&#0; the&#0; administration,&#0; interpretation,&#0; implementation&#0; or&#0; application&#0; thereof&#0; by&#0; any&#0; Governmental                                            12

 

       “Consolidated&#0;Subsidiary&#0;&#0;means,&#0;as&#0;of&#0;any&#0;date,&#0;any&#0;Subsidiary&#0;or&#0;other&#0;entity&#0;the&#0;accounts&#0;of which&#0;would&#0;be&#0;consolidated&#0;with&#0;those&#0;of&#0;the&#0;Parent&#0;in&#0;its&#0;consolidated&#0;financial&#0;statements&#0;as&#0;of&#0;such date&#0;prepared&#0;in&#0;accordance&#0;with&#0;GAAP.         “Consolidated&#0;Total&#0;Assets&#0;&#0;means&#0;the&#0;total&#0;consolidated&#0;assets&#0;of&#0;the&#0;Parent&#0;and&#0;its&#0;Subsidiaries, in&#0;each&#0;case&#0;determined&#0;in&#0;accordance&#0;with&#0;GAAP.         “Country&#0;Risk&#0;Event&#0;&#0;&#0;means:         (a&#0;   any&#0;law,&#0;action&#0;or&#0;failure&#0;to&#0;act&#0;by&#0;any&#0;Governmental&#0;Authority&#0;in&#0;any&#0;Borrower&#0;s&#0;or Letter&#0;of&#0;Credit&#0;beneficiary&#0;s&#0;country&#0;which&#0;has&#0;the&#0;effect&#0;of:                      (i&#0;    changing&#0;the&#0;obligations&#0;of&#0;any&#0;Issuing&#0;Bank&#0;or&#0;the&#0;Lenders&#0;under&#0;the              relevant&#0; Letter&#0; of&#0; Credit,&#0; the&#0; Agreement&#0; or&#0; any&#0; of&#0; the&#0; other&#0; Loan&#0; Documents&#0; as              originally&#0; agreed&#0; or&#0; otherwise&#0; creating&#0;any&#0;additional&#0;liability,&#0;cost&#0;or&#0; expense&#0;to&#0; any              Issuing&#0; Bank,&#0; the&#0; Lenders&#0; or&#0; the&#0; Administrative&#0; Agent&#0; from&#0; that&#0; which&#0; exists&#0; on&#0; the              Effective&#0;Date,                      (ii&#0;   changing&#0;the&#0;ownership&#0;or&#0;control&#0;by&#0;such&#0;Borrower&#0;or&#0;Letter&#0;of&#0;Credit              beneficiary&#0;of&#0;its&#0;business,&#0;or                      (iii&#0;  preventing&#0;or&#0;restricting&#0;the&#0;conversion&#0;into&#0;or&#0;transfer&#0;of&#0;the&#0;applicable              Agreed&#0;Currency&#0;         (b&#0;   force&#0;majeure&#0;&#0;or         (c&#0;   any&#0;similar&#0;event,  which,&#0;in&#0;relation&#0;to&#0;(a&#0;,&#0;(b&#0;&#0;and&#0;(c&#0;,&#0;directly&#0;or&#0;indirectly,&#0;prevents&#0;or&#0;restricts&#0;the&#0;payment&#0;or&#0;transfer&#0;of any&#0;amounts&#0;owing&#0;under&#0;the&#0;relevant&#0;Letter&#0;of&#0;Credit&#0;in&#0;the&#0;applicable&#0;Agreed&#0;Currency&#0;into&#0;an&#0;account designated&#0;by&#0;the&#0;Administrative&#0;Agent&#0;or&#0;such&#0;Issuing&#0;Bank&#0;and&#0;freely&#0;available&#0;to&#0;the&#0;Administrative Agent&#0;or&#0;such&#0;Issuing&#0;Bank.         “Covered&#0;Entity&#0;&#0;means&#0;any&#0;of&#0;the&#0;following:                      (i&#0;&#0; a&#0; “covered&#0; entity&#0;&#0; as&#0; that&#0; term&#0; is&#0; defined&#0; in,&#0; and&#0; interpreted&#0; in        accordance&#0;with,&#0;12&#0;C.F.R.&#0;&#0;&#0;252.82(b&#0;&#0;                      (ii&#0;&#0; a&#0; “covered&#0; bank&#0;&#0; as&#0; that&#0; term&#0; is&#0; defined&#0; in,&#0; and&#0; interpreted&#0; in        accordance&#0;with,&#0;12&#0;C.F.R.&#0;&#0;&#0;47.3(b&#0;&#0;&#0;or                      (iii&#0;&#0; a&#0; “covered&#0; FSI&#0;&#0; as&#0; that&#0; term&#0; is&#0; defined&#0; in,&#0; and&#0; interpreted&#0; in        accordance&#0;with,&#0;12&#0;C.F.R.&#0;&#0;&#0;382.2(b&#0;.         “Covered&#0;Party&#0;&#0;has&#0;the&#0;meaning&#0;assigned&#0;to&#0;it&#0;in&#0;Section&#0;9.18.         “Credit&#0;Event&#0;&#0;means&#0;a&#0;Borrowing,&#0;the&#0;issuance,&#0;renewal&#0;or&#0;extension&#0;of&#0;a&#0;Letter&#0;of&#0;Credit,&#0;the amendment&#0;of&#0;a&#0;Letter&#0;of&#0;Credit&#0;that&#0;increases&#0;the&#0;face&#0;amount&#0;thereof,&#0;an&#0;LC&#0;Disbursement&#0;or&#0;any&#0;of&#0;the foregoing.                                             14

 

       “Credit&#0;Exposure&#0;&#0;means,&#0;as&#0;to&#0;any&#0;Lender&#0;at&#0;any&#0;time,&#0;the&#0;sum&#0;of&#0;(a&#0;&#0;such&#0;Lender&#0;s&#0;Revolving Credit&#0;Exposure&#0;at&#0;such&#0;time,&#0;plus&#0;(b&#0;&#0;an&#0;amount&#0;equal&#0;to&#0;the&#0;aggregate&#0;principal&#0;amount&#0;of&#0;its&#0;Term Loans&#0;outstanding&#0;at&#0;such&#0;time.         “Credit&#0;Party&#0;&#0;means&#0;the&#0;Administrative&#0;Agent,&#0;the&#0;Issuing&#0;Banks,&#0;the&#0;Swingline&#0;Lenders&#0;or&#0;any other&#0;Lender.         “Debt&#0;&#0;means,&#0;with&#0;respect&#0;to&#0;any&#0;Person&#0;at&#0;any&#0;date,&#0;without&#0;duplication,&#0;(i&#0;&#0;all&#0;obligations&#0;of such&#0; Person&#0; for&#0; borrowed&#0; money,&#0; (ii&#0;&#0; all&#0; obligations&#0; of&#0; such&#0; Person&#0; evidenced&#0; by&#0; bonds,&#0; debentures, notes&#0;or&#0;other&#0;similar&#0;instruments,&#0;(iii&#0;&#0;all&#0;obligations&#0;of&#0;such&#0;Person&#0;to&#0;pay&#0;the&#0;deferred&#0;purchase&#0;price&#0;of property&#0; or&#0; services,&#0; except&#0; trade&#0; accounts&#0; payable&#0; and&#0; accrued&#0; liabilities&#0; (including&#0; employee compensation&#0; and&#0; benefit&#0; obligations&#0;&#0; arising&#0; in&#0; the&#0; ordinary&#0; course&#0; of&#0; business,&#0; (iv&#0;&#0; the&#0; outstanding principal&#0;obligations&#0;of&#0;such&#0;Person&#0;as&#0;lessee&#0;under&#0;capital&#0;leases,&#0;(v&#0;&#0;all&#0;Debt&#0;of&#0;others&#0;secured&#0;by&#0;a&#0;Lien on&#0;any&#0;asset&#0;of&#0;such&#0;Person,&#0;whether&#0;or&#0;not&#0;such&#0;Debt&#0;is&#0;assumed&#0;by&#0;such&#0;Person&#0;(it&#0;being&#0;understood that&#0;if&#0;such&#0;Debt&#0;has&#0;not&#0;been&#0;assumed&#0;by&#0;such&#0;Person,&#0;the&#0;amount&#0;of&#0;such&#0;Debt&#0;shall&#0;be&#0;deemed&#0;to&#0;be the&#0; lesser&#0; of&#0; the&#0; fair&#0; market&#0; value&#0; at&#0; such&#0; date&#0; of&#0; such&#0; asset&#0; and&#0; the&#0; amount&#0; of&#0; such&#0; Debt&#0;,&#0; (vi&#0;&#0; the aggregate&#0;outstanding&#0;investment&#0;or&#0;claim&#0;held&#0;by&#0;purchasers,&#0;assignees&#0;or&#0;transferees&#0;of&#0;(or&#0;of&#0;interests in&#0;&#0;receivables&#0;of&#0;such&#0;Person&#0;in&#0;connection&#0;with&#0;any&#0;Securiti&#0;ation&#0;Transaction,&#0;(vii&#0;&#0;all&#0;non-contingent reimbursement&#0;obligations&#0;of&#0;such&#0;Person&#0;under&#0;letters&#0;of&#0;credit&#0;and&#0;bank&#0;guarantees,&#0;and&#0;(viii&#0;&#0;all&#0;Debt (as&#0; defined&#0; above&#0;&#0; of&#0; others&#0; Guaranteed&#0; by&#0; such&#0; Person.&#0; &#0; Notwithstanding&#0; the&#0; foregoing,&#0; Debt&#0; shall exclude&#0;(a&#0;&#0;any&#0;“earnouts&#0;&#0;or&#0;similar&#0;obligations&#0;accrued&#0;in&#0;respect&#0;of&#0;any&#0;Permitted&#0;Acquisition,&#0;(b&#0;&#0;any obligations&#0; in&#0; respect&#0; of&#0; customer&#0; advances&#0; in&#0; the&#0; ordinary&#0; course&#0; of&#0; business&#0; consistent&#0; with&#0; past practices&#0; and&#0; (c&#0;&#0;defeased&#0; and/or&#0; discharged&#0; indebtedness&#0; so&#0; long&#0; as&#0; (i&#0;&#0; neither&#0; the&#0; Parent&#0; nor&#0; any Subsidiary&#0;has&#0;any&#0;liability&#0;(contingent&#0;or&#0;otherwise&#0;&#0;with&#0;respect&#0;to&#0;such&#0;indebtedness&#0;and&#0;(ii&#0;&#0;the&#0;cash, securities&#0; and/or&#0; other&#0; assets&#0; used&#0; to&#0; defease&#0; and/or&#0; discharge&#0; such&#0; indebtedness&#0; are&#0; not,&#0; directly&#0; or indirectly,&#0;an&#0;asset&#0;of&#0;the&#0;Parent&#0;or&#0;any&#0;Subsidiary.&#0;&#0;In&#0;the&#0;event&#0;any&#0;of&#0;the&#0;foregoing&#0;Debt&#0;is&#0;limited&#0;to recourse&#0;against&#0;a&#0;particular&#0;asset&#0;or&#0;assets&#0;of&#0;such&#0;Person,&#0;the&#0;amount&#0;of&#0;the&#0;corresponding&#0;Debt&#0;shall&#0;be equal&#0;to&#0;the&#0;lesser&#0;of&#0;the&#0;amount&#0;of&#0;such&#0;Debt&#0;and&#0;the&#0;fair&#0;market&#0;value&#0;of&#0;such&#0;asset&#0;or&#0;assets&#0;at&#0;the&#0;date for&#0;determination&#0;of&#0;the&#0;amount&#0;of&#0;such&#0;Debt.&#0;&#0;For&#0;the&#0;avoidance&#0;of&#0;doubt,&#0;the&#0;amount&#0;of&#0;Debt&#0;of&#0;any Person&#0;at&#0;any&#0;date&#0;will&#0;be&#0;calculated&#0;without&#0;duplication&#0;of&#0;any&#0;Guarantee&#0;in&#0;respect&#0;thereof.         “Default&#0;&#0;means&#0;any&#0;event&#0;or&#0;condition&#0;which&#0; constitutes&#0;an&#0;Event&#0;of&#0;Default&#0;or&#0;which&#0;upon notice,&#0;lapse&#0;of&#0;time&#0;or&#0;both&#0;would,&#0;unless&#0;cured&#0;or&#0;waived,&#0;become&#0;an&#0;Event&#0;of&#0;Default.         “Default&#0; Right&#0;&#0; has&#0; the&#0; meaning&#0; assigned&#0; to&#0; that&#0; term&#0; in,&#0; and&#0; shall&#0; be&#0; interpreted&#0; in accordance&#0;with,&#0;12&#0;C.F.R.&#0;&#0;&#0;&#0;252.81,&#0;47.2&#0;or&#0;382.1,&#0;as&#0;applicable.         “Defaulting&#0;Lender&#0;&#0;means&#0;any&#0;Lender&#0;that&#0;(a&#0;&#0;has&#0;failed,&#0;within&#0;three&#0;(3&#0;&#0;Business&#0;Days&#0;of&#0;the date&#0; required&#0; to&#0; be&#0; funded&#0; or&#0; paid,&#0; to&#0; (i&#0;&#0; fund&#0; any&#0; portion&#0; of&#0; its&#0; Loans,&#0; (ii&#0;&#0; fund&#0; any&#0; portion&#0; of&#0; its participations&#0; in&#0; Letters&#0; of&#0; Credit&#0; or&#0; Swingline&#0; Loans&#0; or&#0; (iii&#0;&#0; pay&#0; over&#0; to&#0; any&#0; Credit&#0; Party&#0; any&#0; other amount&#0;required&#0;to&#0;be&#0;paid&#0;by&#0;it&#0;hereunder,&#0;unless,&#0;in&#0;the&#0;case&#0;of&#0;clause&#0;(i&#0;&#0;above,&#0;such&#0;Lender&#0;notifies the&#0; Administrative&#0; Agent&#0; in&#0; writing&#0; that&#0; such&#0; failure&#0; is&#0; the&#0; result&#0; of&#0; such&#0; Lender&#0;s&#0; good&#0; faith determination&#0;that&#0;a&#0;condition&#0;precedent&#0;to&#0;funding&#0;(specifically&#0;identified&#0;and&#0;including&#0;the&#0;particular default,&#0;if&#0;any&#0;&#0;has&#0;not&#0;been&#0;satisfied,&#0;(b&#0;&#0;has&#0;notified&#0;the&#0;Company&#0;or&#0;any&#0;Credit&#0;Party&#0;in&#0;writing,&#0;or&#0;has made&#0;a&#0;public&#0;statement&#0;to&#0;the&#0;effect,&#0;that&#0;it&#0;does&#0;not&#0;intend&#0;or&#0;expect&#0;to&#0;comply&#0;with&#0;any&#0;of&#0;its&#0;funding obligations&#0;under&#0;this&#0;Agreement&#0;(unless&#0;such&#0;writing&#0;or&#0;public&#0;statement&#0;indicates&#0;that&#0;such&#0;position&#0;is based&#0;on&#0;such&#0;Lender&#0;s&#0;good&#0;faith&#0;determination&#0;that&#0;a&#0;condition&#0;precedent&#0;(specifically&#0;identified&#0;and including&#0;the&#0;particular&#0;default,&#0;if&#0;any&#0;&#0;to&#0;funding&#0;a&#0;loan&#0;under&#0;this&#0;Agreement&#0;cannot&#0;be&#0;satisfied&#0;&#0;or generally&#0;under&#0;other&#0;agreements&#0;in&#0;which&#0;it&#0;commits&#0;to&#0;extend&#0;credit,&#0;(c&#0;&#0;has&#0;failed,&#0;within&#0;three&#0;(3&#0; Business&#0;Days&#0;after&#0;request&#0;by&#0;the&#0;Company&#0;or&#0;the&#0;Administrative&#0;Agent,&#0;acting&#0;in&#0;good&#0;faith,&#0;to&#0;provide a&#0;certification&#0;in&#0;writing&#0;from&#0;an&#0;authori&#0;ed&#0;officer&#0;of&#0;such&#0;Lender&#0;that&#0;it&#0;will&#0;comply&#0;with&#0;its&#0;obligations                                            15

 

combination&#0;of&#0;these&#0;transactions&#0;&#0;provided&#0;that&#0;no&#0;phantom&#0;stock&#0;or&#0;similar&#0;plan&#0;providing&#0;for&#0;payments only&#0;on&#0;account&#0;of&#0;services&#0;provided&#0;by&#0;current&#0;or&#0;former&#0;directors,&#0;officers,&#0;employees&#0;or&#0;consultants&#0;of the&#0;Parent&#0;or&#0;the&#0;Subsidiaries&#0;shall&#0;be&#0;a&#0;Hedging&#0;Agreement.         “Impacted&#0; Interest&#0; Period&#0;&#0; has&#0; the&#0; meaning&#0; assigned&#0; to&#0; such&#0; term&#0; in&#0; the&#0; definition&#0; of&#0; “LIBO Rate&#0;.         “Increasing&#0;Lender&#0;&#0;has&#0;the&#0;meaning&#0;assigned&#0;to&#0;such&#0;term&#0;in&#0;Section&#0;2.20.         “Incremental&#0;Term&#0;Loan&#0;&#0;has&#0;the&#0;meaning&#0;assigned&#0;to&#0;such&#0;term&#0;in&#0;Section&#0;2.20.         “Incremental&#0;Term&#0;Loan&#0;Amendment&#0;&#0;has&#0;the&#0;meaning&#0;assigned&#0;to&#0;such&#0;term&#0;in&#0;Section&#0;2.20.         “Indemnified&#0;Taxes&#0;&#0;means&#0;(a&#0;&#0;Taxes&#0;other&#0;than&#0;Excluded&#0;Taxes&#0;imposed&#0;on&#0;or&#0;with&#0;respect&#0;to any&#0;payment&#0;made&#0;by&#0;any&#0;Loan&#0;Party&#0;under&#0;any&#0;Loan&#0;Document&#0;and&#0;(b&#0;&#0;Other&#0;Taxes.         “Indemnitee&#0;&#0;has&#0;the&#0;meaning&#0;assigned&#0;to&#0;such&#0;term&#0;in&#0;Section&#0;9.03(b&#0;.         “Ineligible&#0;Institution&#0;&#0;has&#0;the&#0;meaning&#0;assigned&#0;to&#0;such&#0;term&#0;in&#0;Section&#0;9.04(b&#0;.         “Information&#0;&#0;has&#0;the&#0;meaning&#0;assigned&#0;to&#0;such&#0;term&#0;in&#0;Section&#0;9.12.         “Initial&#0;Affiliate&#0;Borrower&#0;&#0;means&#0;Hoffman&#0;Schroff&#0;Holdings,&#0;Inc.&#0;(formerly&#0;known&#0;as&#0;Pentair Technical&#0;Products&#0;Holdings,&#0;Inc.&#0;,&#0;a&#0;Delaware&#0;corporation.         “Insolvency&#0;Regulation&#0;&#0;shall&#0;mean&#0;the&#0;Regulation&#0;EU&#0;2015/848&#0;of&#0;the&#0;European&#0;Parliament&#0;and of&#0;the&#0;Council&#0;of&#0;20&#0;May&#0;2015&#0;on&#0;insolvency&#0;proceedings&#0;(recast&#0;.         “Interest&#0;Coverage&#0;Ratio&#0;&#0;means,&#0;for&#0;any&#0;period,&#0;the&#0;ratio&#0;of&#0;(i&#0;&#0;EBITDA&#0;for&#0;such&#0;period&#0;to&#0;(ii&#0; Interest&#0;Expense&#0;for&#0;such&#0;period.         “Interest&#0;Expense&#0;&#0;means,&#0;for&#0;any&#0;period,&#0;the&#0;sum,&#0;without&#0;duplication,&#0;of&#0;consolidated&#0;interest expense&#0;of&#0;the&#0;Parent&#0;and&#0;its&#0;Subsidiaries&#0;for&#0;such&#0;period&#0;(including,&#0;in&#0;each&#0;case&#0;to&#0;the&#0;extent&#0;included&#0;in interest&#0;expense&#0;on&#0;the&#0;Parent&#0;s&#0;consolidated&#0;income&#0;statement,&#0;the&#0;interest&#0;component&#0;of&#0;capital&#0;leases, the&#0;interest&#0;component&#0;of&#0;Synthetic&#0;Lease&#0;Obligations,&#0;facility,&#0;commitment&#0;and&#0;usage&#0;fees,&#0;and&#0;fees&#0;for standby&#0;letters&#0;of&#0;credit&#0;,&#0;plus&#0;consolidated&#0;yield&#0;or&#0;discount&#0;accrued,&#0;during&#0;such&#0;period&#0;on&#0;the&#0;aggregate outstanding&#0;investment&#0;or&#0;claim&#0;held&#0;by&#0;purchasers,&#0;assignees&#0;or&#0;other&#0;transferees&#0;of&#0;(or&#0;of&#0;interests&#0;in&#0; receivables&#0; of&#0; the&#0; Parent&#0; and&#0; its&#0; Subsidiaries&#0; in&#0; connection&#0; with&#0; any&#0; Securiti&#0;ation&#0; Transaction (regardless&#0;of&#0;the&#0;accounting&#0;treatment&#0;of&#0;such&#0;Securiti&#0;ation&#0;Transaction&#0;,&#0;plus&#0;net&#0;payments&#0;(if&#0;any&#0; pursuant&#0;to&#0;Hedging&#0;Agreements,&#0;minus&#0;the&#0;sum&#0;(without&#0;duplication&#0;&#0;of&#0;(a&#0;&#0;annual&#0;administrative&#0;agent fees,&#0; (b&#0;&#0;costs&#0; associated&#0; with&#0; obtaining&#0; swap&#0; agreements&#0; and&#0; any&#0; interest&#0; expense&#0; attributable&#0;to&#0;the movement&#0; of&#0; the&#0; mark-to-market&#0; valuation&#0; of&#0; obligations&#0; under&#0; swap&#0; agreements&#0; or&#0; other&#0; derivative instruments&#0;and&#0;any&#0;one-time&#0;costs&#0;associated&#0;with&#0;breakage&#0;in&#0;respect&#0;of&#0;swap&#0;agreements&#0;for&#0;interest rates,&#0;(c&#0;&#0;costs&#0;associated&#0;with&#0;the&#0;issuance&#0;or&#0;incurrence&#0;of&#0;debt,&#0;including&#0;amorti&#0;ation&#0;and&#0;write-off&#0;of deferred&#0;and&#0;other&#0;financing&#0;fees,&#0;debt&#0;issuance&#0;costs,&#0;commissions,&#0;fees&#0;and&#0;expenses&#0;and&#0;original&#0;issue discount,&#0; (d&#0;&#0; PIK&#0; interest,&#0; (e&#0;&#0; any&#0; non-cash&#0; expense&#0; in&#0; respect&#0; of&#0; any&#0; interest&#0; component&#0; relating&#0; to accretion&#0;or&#0;accrual&#0;of&#0;discounted&#0;liabilities&#0;and&#0;(f&#0;&#0;net&#0;receipts&#0;(if&#0;any&#0;&#0;pursuant&#0;to&#0;Hedging&#0;Agreements.                                             22

 

                    (ii&#0;   in&#0;whose&#0;hands&#0;any&#0;interest&#0;payable&#0;in&#0;respect&#0;of&#0;money&#0;so&#0;advanced&#0;is              taken&#0;into&#0;account&#0;in&#0;computing&#0;the&#0;trading&#0;income&#0;of&#0;that&#0;company&#0;&#0;and                      (iii&#0;  which&#0;has&#0;complied&#0;with&#0;the&#0;notification&#0;requirements&#0;set&#0;out&#0;in&#0;Section              246(5&#0;(a&#0;&#0;of&#0;the&#0;Irish&#0;TCA.         (d&#0;   a&#0;qualifying&#0;company&#0;within&#0;the&#0;meaning&#0;of&#0;Section&#0;110&#0;of&#0;the&#0;Irish&#0;TCA&#0;&#0;or         (e&#0;   an&#0;investment&#0;undertaking&#0;within&#0;the&#0;meaning&#0;of&#0;Section&#0;739B&#0;of&#0;the&#0;Irish&#0;TCA&#0;&#0;or         (f&#0;   an&#0;Irish&#0;Treaty&#0;Lender&#0;&#0;or         (g&#0;   an&#0;exempted&#0;approved&#0;scheme&#0;within&#0;the&#0;meaning&#0;of&#0;Section&#0;774&#0;of&#0;the&#0;Irish&#0;TCA.         “Irish&#0;TCA&#0;&#0;means&#0;the&#0;Taxes&#0;Consolidation&#0;Act,&#0;1997&#0;of&#0;Ireland.         “Irish&#0;Treaty&#0;Lender&#0;&#0;means&#0;a&#0;Lender&#0;which&#0;is&#0;on&#0;the&#0;date&#0;the&#0;relevant&#0;payment&#0;is&#0;made&#0;entitled under&#0;a&#0;double&#0;taxation&#0;agreement&#0;(an&#0;“Irish&#0;Treaty&#0;&#0;&#0;in&#0;force&#0;on&#0;that&#0;date&#0;between&#0;Ireland&#0;and&#0;another jurisdiction&#0; to&#0; that&#0; payment&#0; without&#0; any&#0; withholding&#0; for&#0; or&#0; on&#0; account&#0; of&#0; Irish&#0; Tax&#0; (subject&#0; to&#0; the completion&#0;of&#0;any&#0;procedural&#0;formalities&#0;&#0;and&#0;which&#0;does&#0;not&#0;carry&#0;on&#0;a&#0;business&#0;in&#0;Ireland&#0;through&#0;a permanent&#0;establishment&#0;with&#0;which&#0;that&#0;Lender&#0;s&#0;participation&#0;in&#0;the&#0;Loan&#0;is&#0;effectively&#0;connected.         “Issuing&#0;Bank&#0;&#0;means&#0;each&#0;of&#0;JPMCB,&#0;Bank&#0;of&#0;America,&#0;N.A.,&#0;MUFG&#0;Bank,&#0;Ltd.&#0;(f/k/a&#0;The Bank&#0;of&#0;Tokyo-Mitsubishi&#0;UFJ,&#0;Ltd.&#0;,&#0;Citibank,&#0;N.A.,&#0;U.S.&#0;Bank&#0;National&#0;Association&#0;and&#0;each&#0;other Lender&#0;designated&#0;by&#0;the&#0;Company&#0;as&#0;an&#0;“Issuing&#0;Bank&#0;&#0;hereunder&#0;that&#0;has&#0;agreed&#0;to&#0;such&#0;designation (and&#0;is&#0;reasonably&#0;acceptable&#0;to&#0;the&#0;Administrative&#0;Agent&#0;,&#0;each&#0;in&#0;its&#0;capacity&#0;as&#0;the&#0;issuer&#0;of&#0;Letters&#0;of Credit&#0;hereunder,&#0;and&#0;its&#0;successors&#0;in&#0;such&#0;capacity&#0;as&#0;provided&#0;in&#0;Section&#0;2.06(i&#0;.&#0;&#0;Each&#0;Issuing&#0;Bank may,&#0;in&#0;its&#0;discretion,&#0;arrange&#0;for&#0;one&#0;or&#0;more&#0;Letters&#0;of&#0;Credit&#0;to&#0;be&#0;issued&#0;by&#0;Affiliates&#0;or&#0;branches&#0;of such&#0;Issuing&#0;Bank,&#0;in&#0;which&#0;case&#0;the&#0;term&#0;“Issuing&#0;Bank&#0;&#0;shall&#0;include&#0;any&#0;such&#0;Affiliate&#0;or&#0;branch,&#0;as applicable,&#0;with&#0;respect&#0;to&#0;Letters&#0;of&#0;Credit&#0;issued&#0;by&#0;such&#0;Affiliate.         “JPMCB&#0;&#0;means&#0;JPMorgan&#0;Chase&#0;Bank,&#0;N.A.         “Knowledge&#0;&#0; means&#0; the&#0; actual&#0; knowledge&#0; of&#0; a&#0; Responsible&#0; Officer,&#0; without&#0; giving&#0; effect&#0; to imputed&#0;or&#0;constructive&#0;knowledge&#0;or&#0;giving&#0;rise&#0;to&#0;any&#0;duty&#0;to&#0;investigate.         “LC&#0;Disbursement&#0;&#0;means&#0;a&#0;payment&#0;made&#0;by&#0;an&#0;Issuing&#0;Bank&#0;pursuant&#0;to&#0;a&#0;Letter&#0;of&#0;Credit.         “LC&#0;Exposure&#0;&#0;means,&#0;at&#0;any&#0;time,&#0;the&#0;sum&#0;of&#0;(a&#0;&#0;the&#0;aggregate&#0;undrawn&#0;Dollar&#0;Amount&#0;of&#0;all outstanding&#0;Letters&#0;of&#0;Credit&#0;at&#0;such&#0;time&#0;which&#0;are&#0;then&#0;available&#0;plus&#0;(b&#0;&#0;the&#0;aggregate&#0;Dollar&#0;Amount of&#0;all&#0;LC&#0;Disbursements&#0;that&#0;have&#0;not&#0;yet&#0;been&#0;reimbursed&#0;by&#0;or&#0;on&#0;behalf&#0;of&#0;the&#0;Company&#0;at&#0;such&#0;time. The&#0;LC&#0;Exposure&#0;of&#0;any&#0;Revolving&#0;Lender&#0;at&#0;any&#0;time&#0;shall&#0;be&#0;its&#0;Applicable&#0;Percentage&#0;of&#0;the&#0;total&#0;LC Exposure&#0;at&#0;such&#0;time.         “Lender&#0;Notice&#0;Date&#0;&#0;has&#0;the&#0;meaning&#0;assigned&#0;to&#0;such&#0;term&#0;in&#0;Section&#0;2.25(b&#0;.         “Lender&#0; Parent&#0;&#0; means,&#0; with&#0; respect&#0; to&#0; any&#0; Lender,&#0; any&#0; Person&#0; as&#0; to&#0; which&#0; such&#0; Lender&#0; is, directly&#0;or&#0;indirectly,&#0;a&#0;subsidiary.         “Lenders&#0;&#0; means&#0; the&#0; Persons&#0; listed&#0; on&#0; Schedule&#0; 2.01&#0; and&#0; any&#0; other&#0; Person&#0; that&#0; shall&#0; have become&#0;a&#0;Lender&#0;hereunder&#0;pursuant&#0;to&#0;Section&#0;2.20&#0;or&#0;pursuant&#0;to&#0;an&#0;Assignment&#0;and&#0;Assumption&#0;or                                            25

 

       “Permitted&#0;Acquisition&#0;&#0;means&#0;any&#0;Acquisition&#0;by&#0;the&#0;Parent&#0;or&#0;a&#0;Subsidiary&#0;which&#0;satisfies&#0;each of&#0;the&#0;following&#0;requirements:&#0;(i&#0;&#0;no&#0;Event&#0;of&#0;Default&#0;or&#0;Default&#0;has&#0;occurred&#0;and&#0;is&#0;continuing&#0;at&#0;the time&#0;of,&#0;or&#0;will&#0;result&#0;upon&#0;giving&#0;effect&#0;to,&#0;such&#0;Acquisition&#0;&#0;and&#0;(ii&#0;&#0;in&#0;the&#0;case&#0;of&#0;the&#0;Acquisition&#0;of&#0;any Person,&#0;the&#0;board&#0;of&#0;directors&#0;(or&#0;equivalent&#0;governing&#0;body&#0;&#0;of&#0;the&#0;Person&#0;being&#0;acquired&#0;(or&#0;all&#0;of&#0;the equity&#0;holders&#0;thereof&#0;&#0;shall&#0;have&#0;approved&#0;such&#0;Acquisition.         “Person&#0;&#0;means&#0;an&#0;individual,&#0;partnership,&#0;corporation,&#0;limited&#0;liability&#0;company,&#0;business&#0;trust, joint&#0;stock&#0;company,&#0;trust,&#0;unincorporated&#0;association,&#0;joint&#0;venture&#0;or&#0;Governmental&#0;Authority.         “Plan&#0;&#0; means&#0; at&#0; any&#0; time&#0; an&#0; employee&#0; pension&#0; benefit&#0; plan&#0; which&#0; is&#0; covered&#0; by&#0; Title&#0; IV&#0; of ERISA&#0; or&#0; subject&#0; to&#0; the&#0; minimum&#0; funding&#0; standards&#0; under&#0; Section&#0; 412&#0; of&#0; the&#0; Code&#0; and&#0; is&#0; either&#0; (i&#0; maintained&#0;by&#0;the&#0;Parent&#0;or&#0;any&#0;ERISA&#0;Affiliate&#0;for&#0;employees&#0;of&#0;the&#0;Parent&#0;or&#0;such&#0;ERISA&#0;Affiliate&#0;or (ii&#0;&#0;maintained&#0;pursuant&#0;to&#0;a&#0;collective&#0;bargaining&#0;agreement&#0;or&#0;any&#0;other&#0;arrangement&#0;under&#0;which&#0;more than&#0;one&#0;employer&#0;makes&#0;contributions&#0;and&#0;to&#0;which&#0;the&#0;Parent&#0;or&#0;any&#0;ERISA&#0;Affiliate&#0;is&#0;then&#0;making&#0;or accruing&#0; an&#0; obligation&#0; to&#0; make&#0; contributions&#0; or&#0; has&#0; within&#0; the&#0; preceding&#0; five&#0; plan&#0; years&#0; made contributions.         “Plan&#0;Asset&#0;Regulations&#0;&#0;means&#0;29&#0;CFR&#0;&#0;&#0;2510.3-101&#0;et seq.,&#0;as&#0;modified&#0;by&#0;Section&#0;3(42&#0;&#0;of ERISA,&#0;as&#0;amended&#0;from&#0;time&#0;to&#0;time.         “Pounds&#0;Sterling&#0;&#0;means&#0;the&#0;lawful&#0;currency&#0;of&#0;the&#0;United&#0;Kingdom.         “Prime&#0; Rate&#0;&#0; means&#0; the&#0; rate&#0; of&#0; interest&#0;last&#0;quoted&#0; by&#0; The&#0;Wall&#0;Street&#0; Journal&#0; as&#0; the&#0; “Prime Rate&#0;&#0;in&#0;the&#0;U.S.&#0;or,&#0;if&#0;The&#0;Wall&#0;Street&#0;Journal&#0;ceases&#0;to&#0;quote&#0;such&#0;rate,&#0;the&#0;highest&#0;per&#0;annum&#0;interest rate&#0;published&#0;by&#0;the&#0;Board&#0;in&#0;Federal&#0;Reserve&#0;Statistical&#0;Release&#0;H.15&#0;(519&#0;&#0;(Selected&#0;Interest&#0;Rates&#0;&#0;as the&#0;“bank&#0;prime&#0;loan&#0;&#0;rate&#0;or,&#0;if&#0;such&#0;rate&#0;is&#0;no&#0;longer&#0;quoted&#0;therein,&#0;any&#0;similar&#0;rate&#0;quoted&#0;therein&#0;(as determined&#0;in&#0;good&#0;faith&#0;by&#0;the&#0;Administrative&#0;Agent&#0;&#0;or&#0;any&#0;similar&#0;release&#0;by&#0;the&#0;Board&#0;(as&#0;determined in&#0;good&#0;faith&#0;by&#0;the&#0;Administrative&#0;Agent&#0;.&#0;Each&#0;change&#0;in&#0;the&#0;Prime&#0;Rate&#0;shall&#0;be&#0;effective&#0;from&#0;and including&#0;the&#0;date&#0;such&#0;change&#0;is&#0;publicly&#0;announced&#0;or&#0;quoted&#0;as&#0;being&#0;effective.         “PTE&#0;&#0;means&#0;a&#0;prohibited&#0;transaction&#0;class&#0;exemption&#0;issued&#0;by&#0;the&#0;U.S.&#0;Department&#0;of&#0;Labor, as&#0;any&#0;such&#0;exemption&#0;may&#0;be&#0;amended&#0;from&#0;time&#0;to&#0;time.         “Public&#0; Debt&#0; Rating&#0;&#0; the&#0; rating&#0; that&#0; has&#0; been&#0; most&#0; recently&#0; announced&#0; by&#0; S&#0;P,&#0; Moody&#0;s&#0; or Fitch,&#0;as&#0;the&#0;case&#0;may&#0;be,&#0;for&#0;any&#0;class&#0;of&#0;non-credit&#0;enhanced&#0;long-term&#0;senior&#0;unsecured&#0;debt&#0;issued&#0;by the&#0;Company&#0;(or&#0;if&#0;no&#0;such&#0;rating&#0;is&#0;then&#0;in&#0;effect&#0;with&#0;respect&#0;to&#0;such&#0;debt,&#0;then&#0;the&#0;corporate,&#0;issuer&#0;or similar&#0; rating&#0; with&#0;respect&#0;to&#0;the&#0;Parent,&#0;that&#0;has&#0;been&#0;most&#0;recently&#0;announced&#0;by&#0;S&#0;P,&#0;Moody&#0;s&#0;or Fitch,&#0;as&#0;the&#0;case&#0;may&#0;be&#0;,&#0;or,&#0;if&#0;any&#0;such&#0;rating&#0;agency&#0;shall&#0;have&#0;issued&#0;more&#0;than&#0;one&#0;such&#0;rating,&#0;the lowest&#0;such&#0;rating&#0;issued&#0;by&#0;such&#0;rating&#0;agency.         “QFC&#0;&#0;has&#0;the&#0;meaning&#0;assigned&#0;to&#0;the&#0;term&#0;“qualified&#0;financial&#0;contract&#0;&#0;in,&#0;and&#0;shall&#0;be interpreted&#0;in&#0;accordance&#0;with,&#0;12&#0;U.S.C.&#0;5390(c&#0;(8&#0;(D&#0;.         “QFC&#0;Credit&#0;Support&#0;&#0;has&#0;the&#0;meaning&#0;assigned&#0;to&#0;it&#0;in&#0;Section&#0;9.18.         “Quotation&#0;Day&#0;&#0;means,&#0;with&#0;respect&#0;to&#0;any&#0;Eurocurrency&#0;Borrowing&#0;for&#0;any&#0;Interest&#0;Period,&#0;(i&#0; if&#0;the&#0;currency&#0;is&#0;Pounds&#0;Sterling,&#0;the&#0;first&#0;day&#0;of&#0;such&#0;Interest&#0;Period,&#0;(ii&#0;&#0;if&#0;the&#0;currency&#0;is&#0;euro,&#0;the&#0;day that&#0; is&#0; two&#0; (2&#0;&#0; TARGET2&#0; Days&#0; before&#0; the&#0; first&#0; day&#0; of&#0; such&#0; Interest&#0; Period,&#0; and&#0; (iii&#0;&#0; for&#0; any&#0; other currency,&#0;two&#0;(2&#0;&#0;Business&#0;Days&#0;prior&#0;to&#0;the&#0;commencement&#0;of&#0;such&#0;Interest&#0;Period&#0;(unless,&#0;in&#0;each&#0;case, market&#0;practice&#0;differs&#0;in&#0;the&#0;relevant&#0;market&#0;where&#0;the&#0;LIBO&#0;Rate&#0;for&#0;such&#0;currency&#0;is&#0;to&#0;be&#0;determined, in&#0; which&#0; case&#0; the&#0; Quotation&#0; Day&#0; will&#0; be&#0; determined&#0; by&#0; the&#0;Administrative&#0; Agent&#0; in&#0; accordance&#0; with                                            30

 

one&#0;or&#0;more&#0;intermediaries,&#0;or&#0;both,&#0;by&#0;such&#0;Person.&#0;&#0;Unless&#0;otherwise&#0;specified,&#0;all&#0;references&#0;herein&#0;to&#0;a “Subsidiary&#0;&#0;or&#0;to&#0;“Subsidiaries&#0;&#0;shall&#0;refer&#0;to&#0;a&#0;Subsidiary&#0;or&#0;Subsidiaries&#0;of&#0;the&#0;Parent.         “Supported&#0;QFC&#0;&#0;has&#0;the&#0;meaning&#0;assigned&#0;to&#0;it&#0;in&#0;Section&#0;9.18.         “Surviving&#0;Commitment&#0;&#0;has&#0;the&#0;meaning&#0;assigned&#0;to&#0;such&#0;term&#0;in&#0;Section&#0;2.09(b&#0;.         “Surviving&#0;Lender&#0;&#0;has&#0;the&#0;meaning&#0;assigned&#0;to&#0;such&#0;term&#0;in&#0;Section&#0;2.09(b&#0;.         “Swingline&#0; Exposure&#0;&#0; means,&#0; at&#0; any&#0; time,&#0; the&#0; aggregate&#0; principal&#0; Dollar&#0; Amount&#0; of&#0; all Swingline&#0;Loans&#0;outstanding&#0;at&#0;such&#0;time.&#0;&#0;The&#0;Swingline&#0;Exposure&#0;of&#0;any&#0;Lender&#0;at&#0;any&#0;time&#0;shall&#0;be the&#0;sum&#0;of&#0;(a&#0;&#0;its&#0;Applicable&#0;Percentage&#0;of&#0;the&#0;total&#0;&#0;Swingline&#0;Exposure&#0;at&#0;such&#0;time&#0;other&#0;than&#0;with respect&#0;to&#0;any&#0;Swingline&#0;Loans&#0;made&#0;by&#0;such&#0;Lender&#0;in&#0;its&#0;capacity&#0;as&#0;a&#0;Swingline&#0;Lender&#0;and&#0;(b&#0;&#0;the aggregate&#0;principal&#0;Dollar&#0;Amount&#0;of&#0;all&#0;Swingline&#0;Loans&#0;made&#0;by&#0;such&#0;Lender&#0;as&#0;a&#0;Swingline&#0;Lender outstanding&#0;at&#0;such&#0;time&#0;(less&#0;the&#0;Dollar&#0;Amount&#0;of&#0;participations&#0;funded&#0;by&#0;the&#0;other&#0;Revolving&#0;Lenders in&#0;such&#0;Swingline&#0;Loans&#0;.         “Swingline&#0;Foreign&#0;Currency&#0;Sublimit&#0;&#0;means&#0;$30,000,000.         “Swingline&#0;Lenders&#0;&#0;means&#0;each&#0;of&#0;JPMCB,&#0;Bank&#0;of&#0;America,&#0;N.A.,&#0;MUFG&#0;Bank,&#0;Ltd.&#0;(f/k/a The&#0; Bank&#0; of&#0; Tokyo-Mitsubishi&#0; UFJ,&#0; Ltd.&#0;,&#0; Citibank,&#0; N.A.,&#0; U.S.&#0; Bank&#0; National&#0; Association&#0; and&#0; each other&#0; Lender&#0; designated&#0; by&#0; the&#0; Company&#0; as&#0; a&#0; “Swingline&#0; Lender&#0;&#0; hereunder&#0; that&#0; has&#0; agreed&#0; to&#0; such designation&#0;(and&#0;is&#0;reasonably&#0;acceptable&#0;to&#0;the&#0;Administrative&#0;Agent&#0;,&#0;each&#0;in&#0;its&#0;capacity&#0;as&#0;a&#0;lender&#0;of Swingline&#0;Loans&#0;hereunder.         “Swingline&#0;Loan&#0;&#0;means&#0;a&#0;Loan&#0;made&#0;pursuant&#0;to&#0;Section&#0;2.05.         “Swingline&#0;Sublimit&#0;&#0; means&#0; as&#0; to&#0; any&#0; Lender&#0; (i&#0;&#0;the&#0;amount&#0; set&#0;forth&#0; opposite&#0; such&#0;Lender&#0;s name&#0;on&#0;Schedule&#0;2.05&#0;hereof&#0;or&#0;(ii&#0;&#0;if&#0;such&#0;Lender&#0;has&#0;entered&#0;into&#0;an&#0;Assignment&#0;and&#0;Assumption,&#0;the amount&#0; set&#0; forth&#0; for&#0; such&#0; Lender&#0; as&#0; its&#0; Swingline&#0; Sublimit&#0; in&#0; the&#0; Register&#0; maintained&#0; by&#0; the Administrative&#0;Agent&#0;pursuant&#0;to&#0;Section&#0;9.04(b&#0;(iv&#0;&#0;(provided&#0;that,&#0;in&#0;the&#0;case&#0;of&#0;each&#0;of&#0;the&#0;foregoing clauses&#0;(i&#0;&#0;and&#0;(ii&#0;,&#0;any&#0;increase&#0;in&#0;the&#0;Swingline&#0;Sublimit&#0;with&#0;respect&#0;to&#0;any&#0;Lender&#0;shall&#0;only&#0;require the&#0;consent&#0;of&#0;the&#0;Company&#0;and&#0;such&#0;Lender&#0;.         “Swiss&#0;Borrower&#0;&#0;means&#0;any&#0;Affiliate&#0;Borrower&#0;organi&#0;ed&#0;under&#0;the&#0;laws&#0;of&#0;Swit&#0;erland&#0;or,&#0;if different,&#0;is&#0;deemed&#0;resident&#0;in&#0;Swit&#0;erland&#0;for&#0;Swiss&#0;Withholding&#0;Tax&#0;purposes&#0;pursuant&#0;to&#0;Article&#0;9&#0;of the&#0;Swiss&#0;Withholding&#0;Tax&#0;Act.         “Swiss&#0;Guidelines&#0;&#0;means,&#0;together,&#0;the&#0;guidelines&#0;S-02.122.1&#0;in&#0;relation&#0;to&#0;bonds&#0;of&#0;April&#0;1999 as&#0; issued&#0; by&#0; the&#0; Swiss&#0; Federal&#0; Tax&#0; Administration&#0; (Merkblatt  S-02.122.1  vom  April  1999  betreffend “Obligationen”&#0;,&#0;S-02.123&#0;in&#0;relation&#0;to&#0;inter&#0;bank&#0;transactions&#0;of&#0;22&#0;September&#0;1986&#0;as&#0;issued&#0;by&#0;the Swiss&#0;Federal&#0;Tax&#0;Administration&#0;(Merkblatt S-02.123 vom 22 September 1986 betreffend Zinsen von Bankguthaben, deren  Gläubiger  Banken sind  (Interbankguthaben)&#0;,&#0;S-02.128&#0;in&#0;relation&#0;to&#0;syndicated credit&#0; facilities&#0; of&#0; January&#0; 2000&#0; (Merkblatt  S-02.128  vom  Januar  2000 “Steuerliche  Behandlung  von Konsortialdarlehen, Schuldscheindarlehen, Wechseln und Unterbeteiligungen”&#0;,&#0;S-02.130.1&#0;in&#0;relation&#0;to money&#0; market&#0; instruments&#0; and&#0; book&#0; claims&#0; of&#0; April&#0; 1999&#0; (Merkblatt  S-02.130.1  vom  April  1999 “Geldmarktpapiere  und  Buchforderungen  inländischer  Schuldner”&#0;,&#0; the&#0; circular&#0; letter&#0; No.&#0; 15&#0; (1-015- DVS-2007&#0;&#0;of&#0;7&#0;February&#0;2007&#0;in&#0;relation&#0;to&#0;bonds&#0;and&#0;derivative&#0;financial&#0;instruments&#0;as&#0;subject&#0;matter of&#0;taxation&#0;of&#0;Swiss&#0;federal&#0;income&#0;tax,&#0;Swiss&#0;withholding&#0;tax&#0;and&#0;Swiss&#0;stamp&#0;taxes&#0;(Kreisschreiben Nr. 15  “Obligationen  und  derivative  Finanzinstrumente  als  Gegenstand  der  direkten  Bundessteuer,  der Verrechnungssteuer und der Stempelabgaben” vom 3. Oktober 2017&#0;&#0;and&#0;the&#0;circular&#0;letter&#0;No.&#0;34&#0;of&#0;26                                            35

 

       “Syndication&#0;Agent&#0;&#0;means&#0;each&#0;of&#0;Bank&#0;of&#0;America,&#0;N.A.,&#0;MUFG&#0;Bank,&#0;Ltd.&#0;(f/k/a&#0;The&#0;Bank of&#0;Tokyo-Mitsubishi&#0;UFJ,&#0;Ltd.&#0;,&#0;Citibank,&#0;N.A.&#0;and&#0;U.S.&#0;Bank&#0;National&#0;Association&#0;in&#0;its&#0;capacity&#0;as syndication&#0;agent&#0;for&#0;the&#0;credit&#0;facilities&#0;evidenced&#0;by&#0;this&#0;Agreement.         “Synthetic&#0;Lease&#0;Obligations&#0;&#0;means&#0;obligations&#0;under&#0;operating&#0;leases&#0;(as&#0;determined&#0;pursuant to&#0; Statement&#0; of&#0; Financial&#0; Accounting&#0; Standards&#0; No.&#0; 13&#0;&#0; of&#0; properties&#0; which&#0; are&#0; reported&#0; for&#0; United States&#0; income&#0; tax&#0; purposes&#0; as&#0; owned&#0; by&#0; the&#0; Parent&#0; or&#0; a&#0; Consolidated&#0; Subsidiary.&#0; &#0; The&#0; amount&#0; of Synthetic&#0;Lease&#0;Obligations&#0;under&#0;any&#0;such&#0;lease&#0;shall&#0;be&#0;determined&#0;in&#0;accordance&#0;with&#0;GAAP&#0;as&#0;if such&#0;operating&#0;lease&#0;were&#0;a&#0;capital&#0;lease.         “TARGET2&#0;&#0; means&#0; the&#0; Trans-European&#0; Automated&#0; Real-time&#0; Gross&#0; Settlement&#0; Express Transfer&#0; (TARGET2&#0;&#0; payment&#0; system&#0; (or,&#0; if&#0; such&#0; payment&#0;system&#0;ceases&#0; to&#0; be&#0; operative,&#0; such&#0; other payment&#0;system&#0;(if&#0;any&#0;&#0;reasonably&#0;determined&#0;by&#0;the&#0;Administrative&#0;Agent&#0;to&#0;be&#0;a&#0;suitable&#0;replacement&#0; for&#0;the&#0;settlement&#0;of&#0;payments&#0;in&#0;euro.         “TARGET2&#0;Day&#0;&#0;means&#0;a&#0;day&#0;that&#0;TARGET2&#0;is&#0;open&#0;for&#0;the&#0;settlement&#0;of&#0;payments&#0;in&#0;euro.         “Taxes&#0;&#0;means&#0;any&#0;and&#0;all&#0;present&#0;or&#0;future&#0;taxes,&#0;levies,&#0;imposts,&#0;duties,&#0;deductions,&#0;fees,&#0;value added&#0;taxes,&#0;or&#0;any&#0;other&#0;goods&#0;and&#0;services,&#0;use&#0;or&#0;sales&#0;taxes,&#0;assessments,&#0;charges&#0;or&#0;withholdings imposed&#0;by&#0;any&#0;Governmental&#0;Authority,&#0;including&#0;any&#0;interest,&#0;additions&#0;to&#0;tax&#0;or&#0;penalties&#0;applicable thereto.         “Term&#0; Lender&#0;&#0; means,&#0; as&#0; of&#0; any&#0; date&#0; of&#0; determination,&#0; each&#0; Lender&#0; having&#0; a&#0; Term&#0; Loan Commitment&#0;or&#0;that&#0;holds&#0;Term&#0;Loans.         “Term&#0;Loan&#0;Commitment&#0;&#0;means&#0;(a&#0;&#0;as&#0;to&#0;any&#0;Term&#0;Lender,&#0;the&#0;aggregate&#0;commitment&#0;of&#0;such Term&#0;Lender&#0;to&#0;make&#0;Term&#0;Loans&#0;as&#0;set&#0;forth&#0;on&#0;Schedule&#0;2.01&#0;or&#0;in&#0;the&#0;Assignment&#0;and&#0;Assumption&#0;or other&#0;documentation&#0;or&#0;record&#0;(as&#0;such&#0;term&#0;is&#0;defined&#0;in&#0;Section&#0;9-102(a&#0;(70&#0;&#0;of&#0;the&#0;New&#0;&#0;ork&#0;Uniform Commercial&#0; Code&#0;&#0; as&#0; provided&#0; in&#0; Section&#0; 9.04(b&#0;(ii&#0;(C&#0;&#0; or&#0; other&#0; documentation&#0; contemplated&#0; hereby pursuant&#0;to&#0;which&#0;such&#0;Lender&#0;shall&#0;have&#0;assumed&#0;its&#0;Term&#0;Loan&#0;Commitment,&#0;as&#0;applicable&#0;and&#0;(b&#0;&#0;as to&#0; all&#0; Term&#0; Lenders,&#0; the&#0; aggregate&#0; commitment&#0; of&#0; all&#0; Term&#0; Lenders&#0; to&#0; make&#0; Term&#0; Loans,&#0; which aggregate&#0;commitment&#0;shall&#0;be&#0;$200,000,000&#0;on&#0;the&#0;date&#0;of&#0;this&#0;Agreement.&#0;&#0;After&#0;advancing&#0;the&#0;Term Loan,&#0; each&#0; reference&#0; to&#0; a&#0; Term&#0; Lender&#0;s&#0; Term&#0; Loan&#0; Commitment&#0; shall&#0; refer&#0; to&#0; that&#0; Term&#0; Lender&#0;s Applicable&#0;Percentage&#0;of&#0;the&#0;Term&#0;Loans.         “Term&#0;Loan&#0;Maturity&#0;Date&#0;&#0;means&#0;the&#0;five&#0;year&#0;anniversary&#0;of&#0;the&#0;Closing&#0;Date,&#0;as&#0;extended&#0;(in the&#0;case&#0;of&#0;each&#0;Term&#0;Lender&#0;consenting&#0;thereto&#0;&#0;pursuant&#0;to&#0;Section&#0;2.25.         “Term&#0; Loans&#0;&#0; means&#0; the&#0; term&#0; loans&#0; made&#0; by&#0; the&#0; Term&#0; Lenders&#0; to&#0; the&#0; Company&#0; pursuant&#0; to Section&#0;2.01(b&#0;.         “Total&#0; Revolving&#0; Credit&#0; Exposure&#0;&#0; means,&#0; at&#0; any&#0; time,&#0; the&#0; sum&#0; of&#0; the&#0; outstanding&#0; principal amount&#0;of&#0;all&#0;Revolving&#0;Lenders&#0;&#0;Revolving&#0;Loans,&#0;their&#0;LC&#0;Exposure&#0;and&#0;their&#0;Swingline&#0;Exposure&#0;at such&#0;time&#0;&#0;provided,&#0;that&#0;clause&#0;(a&#0;&#0;of&#0;the&#0;definition&#0;of&#0;Swingline&#0;Exposure&#0;shall&#0;only&#0;be&#0;applicable&#0;to&#0;the extent&#0;Revolving&#0;Lenders&#0;shall&#0;have&#0;funded&#0;their&#0;respective&#0;participations&#0;in&#0;the&#0;outstanding&#0;Swingline Loans.         “Trade&#0;Date&#0;&#0;has&#0;the&#0;meaning&#0;specified&#0;in&#0;Section&#0;9.04(e&#0;(i&#0;&#0;hereof.                                             37

 

       “Transaction&#0; Expenses&#0;&#0; has&#0; the&#0; meaning&#0; assigned&#0; to&#0; such&#0; term&#0; in&#0; the&#0; definition&#0; of&#0; “Spinoff Transactions&#0;.         “Transactions&#0;&#0; means&#0; the&#0; execution,&#0; delivery&#0; and&#0; performance&#0; by&#0; the&#0; Loan&#0; Parties&#0; of&#0; this Agreement&#0;and&#0;the&#0;other&#0;Loan&#0;Documents,&#0;the&#0;borrowing&#0;of&#0;Loans,&#0;the&#0;use&#0;of&#0;the&#0;proceeds&#0;thereof,&#0;the issuance&#0;of&#0;Letters&#0;of&#0;Credit&#0;hereunder,&#0;the&#0;Spinoff&#0;and&#0;the&#0;Spinoff&#0;Transactions.         “Type&#0;,&#0;when&#0;used&#0;in&#0;reference&#0;to&#0;any&#0;Loan&#0;or&#0;Borrowing,&#0;refers&#0;to&#0;whether&#0;the&#0;rate&#0;of&#0;interest on&#0;such&#0;Loan,&#0;or&#0;on&#0;the&#0;Loans&#0;comprising&#0;such&#0;Borrowing,&#0;is&#0;determined&#0;by&#0;reference&#0;to&#0;the&#0;Adjusted LIBO&#0;Rate&#0;or&#0;the&#0;Alternate&#0;Base&#0;Rate.         “Unfunded&#0;Vested&#0;Liabilities&#0;&#0;means,&#0;with&#0;respect&#0;to&#0;any&#0;Plan&#0;at&#0;any&#0;time,&#0;the&#0;amount&#0;(if&#0;any&#0; by&#0;which&#0;(i&#0;&#0;the&#0;current&#0;liability&#0;as&#0;defined&#0;in&#0;Section&#0;412(l&#0;(7&#0;&#0;of&#0;the&#0;Code&#0;under&#0;such&#0;Plan&#0;exceeds&#0;(ii&#0; the&#0;fair&#0;market&#0;value&#0;of&#0;all&#0;Plan&#0;assets&#0;allocable&#0;to&#0;such&#0;benefits,&#0;all&#0;as&#0;determined&#0;as&#0;of&#0;the&#0;then&#0;most recent&#0;valuation&#0;date&#0;for&#0;such&#0;Plan,&#0;but&#0;only&#0;to&#0;the&#0;extent&#0;that&#0;such&#0;excess&#0;represents&#0;a&#0;potential&#0;liability of&#0;the&#0;Parent&#0;or&#0;any&#0;ERISA&#0;Affiliate&#0;to&#0;the&#0;PBGC&#0;or&#0;such&#0;Plan&#0;under&#0;Title&#0;IV&#0;of&#0;ERISA.         “United&#0;States&#0;&#0;and&#0;“U.S.&#0;&#0;each&#0;mean&#0;the&#0;United&#0;States&#0;of&#0;America.         “U.S.&#0;Lender&#0;&#0;means&#0;a&#0;Lender&#0;that&#0;is&#0;not&#0;a&#0;Foreign&#0;Lender.         “U.S.&#0;Person&#0;&#0;means&#0;a&#0;“United&#0;States&#0;person&#0;&#0;within&#0;the&#0;meaning&#0;of&#0;Section&#0;7701(a&#0;(30&#0;&#0;of&#0;the Code.         “U.S.&#0;Special&#0;Resolution&#0;Regime&#0;&#0;has&#0;the&#0;meaning&#0;assigned&#0;to&#0;it&#0;in&#0;Section&#0;9.18.         “UK&#0;Bankruptcy&#0;Event&#0;&#0;means:         (a&#0;   a&#0;UK&#0;Relevant&#0;Entity&#0;is&#0;unable&#0;or&#0;admits&#0;inability&#0;to&#0;pay&#0;its&#0;debts&#0;(as&#0;defined&#0;in&#0;section 123(1&#0;(a&#0;&#0;of&#0;the&#0;Insolvency&#0;Act&#0;1986&#0;&#0;as&#0;they&#0;fall&#0;due&#0;or&#0;is&#0;deemed&#0;to&#0;or&#0;declared&#0;to&#0;be&#0;unable&#0;to&#0;pay&#0;its debts&#0;under&#0;applicable&#0;law,&#0;or&#0;suspends&#0;or&#0;threatens&#0;to&#0;suspend&#0;making&#0;payments&#0;on&#0;any&#0;of&#0;its&#0;debts&#0;or, by&#0;reason&#0;of&#0;actual&#0;or&#0;anticipated&#0;financial&#0;difficulties&#0;&#0;or         (b&#0;   any&#0;corporate&#0;action,&#0;legal&#0;proceedings&#0;or&#0;other&#0;formal&#0;procedure&#0;or&#0;formal&#0;step&#0;for&#0;(i&#0; the&#0;suspension&#0;of&#0;payments,&#0;a&#0;moratorium&#0;of&#0;any&#0;indebtedness,&#0;winding-up,&#0;dissolution,&#0;administration&#0;or reorgani&#0;ation&#0; (by&#0; way&#0; of&#0; voluntary&#0; arrangement,&#0; scheme&#0; of&#0; arrangement&#0; or&#0; otherwise&#0;&#0; of&#0; any&#0; UK Relevant&#0;Entity&#0;&#0;(ii&#0;&#0;a&#0;composition,&#0;compromise,&#0;assignment&#0;or&#0;arrangement&#0;with&#0;any&#0;creditor&#0;of&#0;any&#0;UK Relevant&#0;Entity&#0;&#0;or&#0;(iii&#0;&#0;the&#0;appointment&#0;of&#0;a&#0;liquidator,&#0;receiver,&#0;administrative&#0;receiver,&#0;administrator, compulsory&#0;manager&#0;or&#0;other&#0;similar&#0;officer&#0;in&#0;respect&#0;of&#0;any&#0;UK&#0;Relevant&#0;Entity,&#0;or&#0;any&#0;of&#0;the&#0;assets&#0;of any&#0;UK&#0;Relevant&#0;Entity&#0;&#0;save&#0;that&#0;this&#0;paragraph&#0;(b&#0;&#0;shall&#0;not&#0;apply&#0;to&#0;any&#0;action,&#0;proceeding,&#0;procedure or&#0;formal&#0;step&#0;which&#0;is&#0;frivolous&#0;or&#0;vexatious&#0;and&#0;is&#0;discharged,&#0;stayed&#0;or&#0;dismissed&#0;within&#0;14&#0;days&#0;of commencement.         “UK&#0;Borrower&#0;&#0;means&#0;any&#0;Affiliate&#0;Borrower&#0;resident&#0;for&#0;tax&#0;purposes&#0;in&#0;England&#0;and&#0;Wales.         “UK&#0;Borrower&#0;DTTP&#0;Filing&#0;&#0;means&#0;an&#0;HM&#0;Revenue&#0;&#0;&#0;Customs&#0;&#0;Form&#0;DTTP2,&#0;duly&#0;completed and&#0;filed&#0;by&#0;the&#0;relevant&#0;UK&#0;Borrower,&#0;which:         (a&#0;   where&#0;it&#0;relates&#0;to&#0;a&#0; UK&#0; Treaty&#0; Lender&#0;that&#0;is&#0;a&#0;Lender&#0;on&#0;the&#0;day&#0; this&#0;Agreement&#0;is entered&#0;into&#0;(or&#0;any&#0;amendment&#0;hereto&#0;,&#0;contains&#0;the&#0;scheme&#0;reference&#0;number&#0;and&#0;jurisdiction&#0;of&#0;tax                                             38

 

financial&#0;statements&#0;delivered&#0;pursuant&#0;to&#0;Section&#0;5.01(a&#0;&#0;and&#0;5.01(b&#0;&#0;shall&#0;be&#0;prepared&#0;without&#0;giving effect&#0;to&#0;this&#0;sentence&#0;.         SECTION&#0;1.05 Interest&#0; Rates.&#0; &#0; The&#0; Administrative&#0; Agent&#0; does&#0; not&#0; warrant&#0; or&#0; accept responsibility&#0;for,&#0;and&#0;shall&#0;not&#0;have&#0;any&#0;liability&#0;with&#0;respect&#0;to,&#0;the&#0;administration,&#0;submission&#0;or&#0;any other&#0;matter&#0;related&#0;to&#0;the&#0;rates&#0;in&#0;the&#0;definition&#0;of&#0;“LIBO&#0;Rate&#0;&#0;or&#0;with&#0;respect&#0;to&#0;any&#0;comparable&#0;or successor&#0;rate&#0;thereto,&#0;or&#0;replacement&#0;rate&#0;therefor&#0;(other&#0;than,&#0;for&#0;the&#0;avoidance&#0;of&#0;doubt,&#0;with&#0;respect&#0;to its&#0;obligation&#0;to&#0;apply&#0;the&#0;definition&#0;of&#0;such&#0;rate&#0;in&#0;accordance&#0;with&#0;its&#0;terms&#0;.         SECTION&#0;1.06 Luxembourg&#0;Terms.&#0;&#0;Notwithstanding&#0;any&#0;other&#0;provision&#0;of&#0;this&#0;Agreement&#0;to the&#0;contrary,&#0;in&#0;this&#0;Agreement&#0;where&#0;it&#0;relates&#0;to&#0;any&#0;Affiliate&#0;Borrower&#0;which&#0;is&#0;organi&#0;ed&#0;under&#0;the laws&#0;of&#0;Luxembourg,&#0;a&#0;reference&#0;to:&#0;(a&#0;&#0;a&#0;receiver,&#0;conservator,&#0;trustee,&#0;administrator,&#0;custodian,&#0;assignee for&#0; the&#0; benefit&#0; of&#0; creditors,&#0; compulsory&#0; manager&#0; or&#0; other&#0; similar&#0; officer&#0; includes&#0; a&#0; juge  délégué, commissaire, juge-commissaire, mandataire ad hoc, administrateur provisoire, liquidateur&#0;or&#0;curateur&#0; (b&#0;&#0; liquidation,&#0; bankruptcy,&#0; insolvency,&#0; reorgani&#0;ation,&#0; moratorium&#0; or&#0; any&#0; similar&#0; proceeding&#0; shall include&#0; (i&#0;&#0; insolvency/bankruptcy  (faillite) within&#0; the&#0; meaning&#0; of&#0; Articles&#0; 437&#0; ff.&#0; of&#0; the&#0; Luxembourg Commercial&#0;Code, (ii&#0;&#0;controlled&#0;management (gestion contrôlée) within&#0;the&#0;meaning&#0;of&#0;the&#0;grand&#0;ducal regulation&#0; of&#0; 24&#0; May&#0; 1935&#0; on&#0; controlled&#0; management,&#0; (iii&#0;&#0; voluntary&#0; arrangement&#0; with&#0; creditors (concordat préventif de la faillite) within&#0;the&#0;meaning&#0;of&#0;the&#0;law&#0;of&#0;14&#0;April&#0;1886&#0;on&#0;arrangements&#0;to prevent&#0;insolvency,&#0;as&#0;amended,&#0;(iv&#0;&#0;suspension&#0;of&#0;payments (sursis de paiement) within&#0;the&#0;meaning&#0;of Articles&#0; 593&#0; ff.&#0; of&#0; the&#0; Luxembourg&#0; Commercial&#0; Code&#0;or&#0; (v&#0;&#0; voluntary&#0; or&#0; compulsory&#0; winding-up pursuant&#0; to&#0; the&#0; law&#0; of&#0; 10&#0; August&#0; 1915&#0; on&#0; commercial&#0; companies,&#0; as&#0; amended,&#0; (c&#0;&#0; a&#0; lien&#0; or&#0; security interest&#0;includes&#0;any&#0;hypothèque, nantissement, gage, privilège, sûreté réelle, droit de rétention,&#0;and&#0;any type&#0; of&#0; security&#0; in&#0; rem&#0; (sûreté  réelle&#0;&#0; or&#0; agreement&#0; or&#0; arrangement&#0; having&#0; a&#0; similar&#0; effect&#0; and&#0; any transfer&#0;of&#0;title&#0;by&#0;way&#0;of&#0;security&#0;&#0;(d&#0;&#0;a&#0;person&#0;being&#0;unable&#0;to&#0;pay&#0;its&#0;debts&#0;includes&#0;that&#0;person&#0;being&#0;in a&#0;state&#0;of&#0;cessation&#0;of&#0;payments&#0;(cessation de paiements&#0;&#0;or&#0;having&#0;lost&#0;or&#0;meeting&#0;the&#0;criteria&#0;to&#0;lose&#0;its commercial&#0;creditworthiness&#0;(ébranlement de crédit&#0;&#0;&#0;(e&#0;&#0;attachments&#0;or&#0;similar&#0;creditors&#0;process&#0;means an&#0;executory&#0;attachment&#0;(saisie exécutoire&#0;&#0;or&#0;conservatory&#0;attachment&#0;(saisie arrêt&#0;&#0;&#0;and&#0;(f&#0;&#0;a&#0;“set-off&#0; includes,&#0;for&#0;purposes&#0;of&#0;Luxembourg&#0;law,&#0;legal&#0;set-off.         SECTION&#0;1.07 Certain&#0;Calculations.&#0;&#0;No&#0;Default&#0;or&#0;Event&#0;of&#0;Default&#0;shall&#0;arise&#0;as&#0;a&#0;result&#0;of&#0;any limitation&#0;or&#0;threshold&#0;set&#0;forth&#0;in&#0;Dollars&#0;in&#0;&#0;Articles&#0;VI&#0;and&#0;VII&#0;under&#0;this&#0;Agreement&#0;being&#0;exceeded solely&#0;as&#0;a&#0;result&#0;of&#0;changes&#0;in&#0;currency&#0;exchange&#0;rates&#0;from&#0;those&#0;rates&#0;applicable&#0;on&#0;the&#0;last&#0;day&#0;of&#0;the fiscal&#0; quarter&#0; of&#0; the&#0; Parent&#0; immediately&#0; preceding&#0; the&#0; fiscal&#0; quarter&#0; of&#0; the&#0; Parent&#0; in&#0; which&#0; such transaction&#0;requiring&#0;a&#0;determination&#0;occurs.         SECTION&#0;1.08Divisions.&#0;&#0;For&#0;all&#0;purposes&#0;under&#0;the&#0;Loan&#0;Documents,&#0;in&#0;connection&#0;with any&#0;division&#0;or&#0;plan&#0;of&#0;division&#0;under&#0;Delaware&#0;law&#0;(or&#0;any&#0;comparable&#0;event&#0;under&#0;a&#0;different jurisdiction&#0;s&#0;laws&#0;:&#0;(a&#0;&#0;if&#0;any&#0;asset,&#0;right,&#0;obligation&#0;or&#0;liability&#0;of&#0;any&#0;Person&#0;becomes&#0;the&#0;asset, right,&#0;obligation&#0;or&#0;liability&#0;of&#0;a&#0;different&#0;Person,&#0;then&#0;it&#0;shall&#0;be&#0;deemed&#0;to&#0;have&#0;been&#0;transferred from&#0;the&#0;original&#0;Person&#0;to&#0;the&#0;subsequent&#0;Person,&#0;and&#0;(b&#0;&#0;if&#0;any&#0;new&#0;Person&#0;comes&#0;into&#0;existence, such&#0; new&#0; Person&#0; shall&#0; be&#0; deemed&#0; to&#0; have&#0; been&#0; organi&#0;ed&#0; and&#0; acquired&#0; on&#0; the&#0; first&#0; date&#0; of&#0; its existence&#0;by&#0;the&#0;holders&#0;of&#0;its&#0;equity&#0;interests&#0;at&#0;such&#0;time.                                         ARTICLE&#0;II.                                       THE&#0;CREDITS         SECTION&#0;2.01 Commitments.&#0; &#0; Subject&#0; to&#0; the&#0; terms&#0; and&#0; conditions&#0; set&#0; forth&#0; herein,&#0; (a&#0;&#0; each Revolving&#0;Lender&#0;(severally&#0;and&#0;not&#0;jointly&#0;&#0;agrees&#0;to&#0;make&#0;Revolving&#0;Loans&#0;to&#0;the&#0;Borrowers&#0;in&#0;Agreed Loan&#0;Currencies&#0;from&#0;time&#0;to&#0;time&#0;during&#0;the&#0;Availability&#0;Period&#0;in&#0;an&#0;aggregate&#0;principal&#0;amount&#0;that                                            42

 

expected&#0;to&#0;have&#0;a&#0;Material&#0;Adverse&#0;Effect.&#0;&#0;Under&#0;the&#0;laws&#0;of&#0;Luxembourg&#0;it&#0;is&#0;not&#0;necessary&#0;that&#0;the Loan&#0;Documents&#0;be&#0;filed,&#0;recorded&#0;or&#0;enrolled&#0;with&#0;any&#0;court&#0;or&#0;other&#0;authority&#0;in&#0;any&#0;jurisdiction&#0;or&#0;that any&#0; stamp,&#0; registration&#0; or&#0; similar&#0; Taxes&#0; be&#0; paid&#0; on&#0; or&#0; in&#0; relation&#0; to&#0; the&#0; Loan&#0; Documents&#0; or&#0; the transactions&#0;contemplated&#0;by&#0;the&#0;Loan&#0;Documents,&#0;except&#0;(i&#0;&#0;where&#0;the&#0;Loan&#0;Documents&#0;are&#0;physically attached&#0;(annexé(s)&#0;&#0;to&#0;a&#0;public&#0;deed&#0;or&#0;to&#0;any&#0;other&#0;document&#0;subject&#0;to&#0;mandatory&#0;registration,&#0;in&#0;which case&#0; either&#0; a&#0; nominal&#0; registration&#0; duty&#0; or&#0; an&#0; ad  valorem&#0; duty&#0; (of,&#0; for&#0; instance,&#0; 0.24&#0; per&#0; cent.&#0; of&#0; the amount&#0;of&#0;the&#0;payment&#0;obligation&#0;mentioned&#0;in&#0;the&#0;document&#0;so&#0;registered&#0;&#0;will&#0;be&#0;payable&#0;depending&#0;on the&#0; nature&#0; of&#0; the&#0; document&#0; to&#0; be&#0; registered,&#0; and&#0; (ii&#0;&#0; in&#0; the&#0;case&#0;of&#0; voluntary&#0; registration&#0; of&#0;the&#0; Loan Documents.         SECTION&#0;3.08 Not&#0;an&#0;Investment&#0;Company.&#0;Neither&#0;the&#0;Parent&#0;nor&#0;any&#0;Subsidiary&#0;thereof&#0;is&#0;an “investment&#0;company&#0;&#0;within&#0;the&#0;meaning&#0;of&#0;the&#0;Investment&#0;Company&#0;Act&#0;of&#0;1940.         SECTION&#0;3.09 Environmental&#0;Matters.&#0;&#0;The&#0;Parent&#0;conducts&#0;in&#0;the&#0;ordinary&#0;course&#0;of&#0;business&#0;a review&#0;of&#0;the&#0;effect&#0;of&#0;existing&#0;Environmental&#0;Laws&#0;and&#0;existing&#0;Environmental&#0;Claims&#0;on&#0;the&#0;business, operations&#0; and&#0; properties&#0; of&#0; the&#0; Parent&#0; and&#0; its&#0; Subsidiaries,&#0; and&#0; as&#0; a&#0; result&#0; thereof&#0; the&#0; Parent&#0; has reasonably&#0;concluded&#0;that&#0;such&#0;Environmental&#0;Laws&#0;and&#0;Environmental&#0;Claims&#0;could&#0;not,&#0;individually&#0;or in&#0;the&#0;aggregate,&#0;reasonably&#0;be&#0;expected&#0;to&#0;have&#0;a&#0;material&#0;adverse&#0;effect&#0;on&#0;the&#0;business,&#0;consolidated financial&#0;position&#0;or&#0;consolidated&#0;results&#0;of&#0;operations&#0;of&#0;the&#0;Parent&#0;and&#0;its&#0;Subsidiaries&#0;taken&#0;as&#0;a&#0;whole.         SECTION&#0;3.10 Use&#0; of&#0; Proceeds.&#0; &#0; The&#0; Borrowers&#0; will&#0; use&#0; the&#0; proceeds&#0; of&#0; the&#0; Credit&#0; Events solely&#0;for&#0;the&#0;purposes&#0;described&#0;in&#0;Section&#0;5.02.         SECTION&#0;3.11 Disclosure.&#0; &#0; No&#0; written&#0; report,&#0; financial&#0; statement,&#0; certificate&#0; or&#0; other&#0; written information&#0;furnished&#0;by&#0;or&#0;on&#0;behalf&#0;of&#0;any&#0;Loan&#0;Party&#0;to&#0;the&#0;Administrative&#0;Agent&#0;or&#0;any&#0;Lender&#0;in connection&#0;with&#0;the&#0;transactions&#0;contemplated&#0;hereby&#0;and&#0;the&#0;negotiation&#0;of&#0;this&#0;Agreement&#0;or&#0;delivered hereunder&#0; or&#0; under&#0; any&#0; other&#0; Loan&#0; Document&#0; (in&#0; each&#0; case,&#0; as&#0; modified&#0; or&#0; supplemented&#0; by&#0; other information&#0;so&#0;furnished&#0;&#0;contains&#0;any&#0;material&#0;misstatement&#0;of&#0;fact&#0;or&#0;omits&#0;to&#0;state&#0;any&#0;material&#0;fact necessary&#0;to&#0;make&#0;the&#0;statements&#0;therein,&#0;in&#0;the&#0;light&#0;of&#0;the&#0;circumstances&#0;under&#0;which&#0;they&#0;were&#0;made, not&#0;misleading&#0;when&#0;taken&#0;as&#0;a&#0;whole&#0;&#0;provided&#0;that,&#0;with&#0;respect&#0;to&#0;projected&#0;financial&#0;information,&#0;such Loan&#0; Party&#0; represents&#0;only&#0; that&#0; such&#0; information&#0; was&#0;prepared&#0;in&#0; good&#0; faith&#0; based&#0; upon&#0; assumptions believed&#0;to&#0;be&#0;reasonable&#0;at&#0;the&#0;time&#0;(it&#0;being&#0;understood&#0;and&#0;agreed&#0;that&#0;projected&#0;financial&#0;information is&#0;simply&#0;an&#0;estimate,&#0;and&#0;there&#0;is&#0;no&#0;guarantee&#0;that&#0;projected&#0;results&#0;will&#0;in&#0;fact&#0;be&#0;achieved&#0;.&#0;&#0;As&#0;of&#0;the Amendment&#0;No.&#0;1&#0;Effective&#0;Date,&#0;to&#0;the&#0;best&#0;knowledge&#0;of&#0;the&#0;Company,&#0;the&#0;information&#0;included in&#0;the&#0;Beneficial&#0;Ownership&#0;Certification&#0;provided&#0;on&#0;or&#0;prior&#0;to&#0;the&#0;Amendment&#0;No.&#0;1&#0;Effective Date&#0;to&#0;any&#0;Lender&#0;in&#0;connection&#0;with&#0;this&#0;Agreement&#0;is&#0;true&#0;and&#0;correct&#0;in&#0;all&#0;material&#0;respects.         SECTION&#0;3.12 Anti-Corruption&#0;Laws&#0;and&#0;Sanctions.         (a&#0;   Each&#0; of&#0; the&#0; Parent&#0; and&#0; its&#0; Subsidiaries&#0;and,&#0; to&#0; its&#0; Knowledge,&#0; its&#0; controlled&#0; affiliated companies&#0;and&#0;their&#0;respective&#0;directors,&#0;officers,&#0;employees,&#0;and&#0;agents&#0;are&#0;conducting&#0;their&#0;business&#0;in compliance&#0; in&#0; all&#0; material&#0; respects&#0; with&#0; Anti-Corruption&#0; Laws&#0; and&#0; have&#0; instituted&#0; and&#0; maintained policies&#0; and&#0; procedures&#0; designed&#0; to&#0; promote&#0; and&#0; achieve&#0; compliance&#0; with&#0; such&#0; laws&#0; in&#0; all&#0; material respects.         (b&#0;   None&#0; of&#0; the&#0; Parent&#0; or&#0; its&#0; Subsidiaries&#0; or,&#0; to&#0; its&#0; Knowledge,&#0;their&#0; respective&#0; directors, officers,&#0;employees&#0;or&#0;agents&#0;acting&#0;in&#0;any&#0;capacity&#0;in&#0;connection&#0;with,&#0;or&#0;directly&#0;benefiting&#0;from,&#0;the Credit&#0;Events:               (i&#0;    is&#0;a&#0;Designated&#0;Person&#0;                                             84

 

members&#0;of&#0;a&#0;group&#0;of&#0;companies&#0;consisting&#0;of&#0;a&#0;holding&#0;company&#0;and&#0;its&#0;subsidiaries&#0;for&#0;the&#0;purposes of&#0;Section&#0;243&#0;of&#0;the&#0;Irish&#0;Companies&#0;Act.         SECTION&#0;3.17 Tax&#0; Residence.&#0; &#0; Each&#0; Loan&#0; Party&#0; (other&#0; than&#0; the&#0; Parent&#0;&#0; represents&#0; that&#0; it&#0; is resident&#0;for&#0;Tax&#0;purposes&#0;only&#0;in&#0;its&#0;jurisdiction&#0;of&#0;incorporation.&#0;&#0;The&#0;Parent&#0;represents&#0;that&#0;it&#0;is&#0;resident for&#0;Tax&#0;purposes&#0;only&#0;in&#0;Ireland&#0;or&#0;the&#0;United&#0;Kingdom.                                         ARTICLE&#0;IV.                                       CONDITIONS         SECTION&#0;4.01 Effective&#0;Date.&#0;&#0;This&#0;Agreement&#0;and&#0;the&#0;other&#0;Loan&#0;Documents&#0;shall&#0;not&#0;become effective&#0;until&#0;the&#0;date&#0;on&#0;which&#0;each&#0;of&#0;the&#0;following&#0;conditions&#0;is&#0;satisfied&#0;(or&#0;waived&#0;in&#0;accordance with&#0;Section&#0;9.02&#0;:               (a&#0;    The&#0;Administrative&#0;Agent&#0;(or&#0;its&#0;counsel&#0;&#0;shall&#0;have&#0;received&#0;from&#0;each&#0;party        hereto&#0;either&#0;(i&#0;&#0;a&#0;counterpart&#0;of&#0;this&#0;Agreement&#0;signed&#0;on&#0;behalf&#0;of&#0;such&#0;party&#0;or&#0;(ii&#0;&#0;written        evidence&#0; satisfactory&#0; to&#0; the&#0; Administrative&#0; Agent&#0; (which&#0; may&#0; include&#0; telecopy&#0; or&#0; electronic        transmission&#0; of&#0; a&#0; signed&#0; signature&#0; page&#0; of&#0; this&#0; Agreement&#0;&#0; that&#0; such&#0; party&#0; has&#0; signed&#0; a        counterpart&#0;of&#0;this&#0;Agreement.               (b&#0;    The&#0; Administrative&#0; Agent&#0; shall&#0; have&#0; received&#0; a&#0; favorable&#0; written&#0; opinion        (addressed&#0;to&#0;the&#0;Administrative&#0;Agent&#0;and&#0;the&#0;Lenders&#0;and&#0;dated&#0;the&#0;Effective&#0;Date&#0;&#0;of&#0;(i&#0;&#0;Foley        &#0;&#0;Lardner&#0;LLP,&#0;special&#0;counsel&#0;for&#0;the&#0;Loan&#0;Parties,&#0;(ii&#0;&#0;Arthur&#0;Cox,&#0;special&#0;Irish&#0;counsel&#0;for&#0;the        Loan&#0;Parties,&#0;and&#0;(iii&#0;&#0;Allen&#0;&#0;&#0;Overy,&#0;Société en Commandite Simple, inscrite au barreau de        Luxembourg,&#0; special&#0; Luxembourg&#0; counsel&#0; for&#0; the&#0; Loan&#0; Parties,&#0; substantially&#0; in&#0; the&#0; form&#0; of        Exhibits&#0;B-1,&#0;B-2&#0;and&#0;B-3,&#0;respectively,&#0;and&#0;covering&#0;such&#0;other&#0;matters&#0;relating&#0;to&#0;the&#0;Parent,        the&#0; Company,&#0; the&#0; Initial&#0; Affiliate&#0; Borrower,&#0; this&#0; Agreement&#0; or&#0; the&#0; Transactions&#0; as&#0; the        Administrative&#0; Agent&#0; shall&#0; reasonably&#0; request.&#0; &#0; The&#0; Company&#0; hereby&#0; requests&#0; each&#0; such        counsels&#0;to&#0;deliver&#0;such&#0;opinions.               (c&#0;    The&#0;Administrative&#0;Agent&#0;shall&#0;have&#0;received&#0;such&#0;documents&#0;and&#0;certificates&#0;as        the&#0; Administrative&#0; Agent&#0; or&#0; its&#0; counsel&#0; may&#0; reasonably&#0; request&#0; relating&#0; to&#0; the&#0; organi&#0;ation,        existence&#0;and&#0;good&#0;standing&#0;of&#0;the&#0;Loan&#0;Parties&#0;(which&#0;shall&#0;include,&#0;in&#0;the&#0;case&#0;of&#0;the&#0;Irish&#0;Loan        Party,&#0;evidence&#0;that&#0;such&#0;Loan&#0;Party&#0;has&#0;complied&#0;with&#0;Section&#0;82&#0;of&#0;the&#0;Companies&#0;Act&#0;2014&#0;of        Ireland&#0;,&#0;the&#0;authori&#0;ation&#0;of&#0;the&#0;Transactions&#0;and&#0;any&#0;other&#0;legal&#0;matters&#0;relating&#0;to&#0;the&#0;Parent,        the&#0;Company,&#0;the&#0;Initial&#0;Affiliate&#0;Borrower,&#0;the&#0;Loan&#0;Documents&#0;or&#0;the&#0;Transactions,&#0;all&#0;in&#0;form        and&#0;substance&#0;satisfactory&#0;to&#0;the&#0;Administrative&#0;Agent&#0;and&#0;its&#0;counsel&#0;and&#0;as&#0;further&#0;described&#0;in        Section&#0;I&#0;of&#0;the&#0;list&#0;of&#0;closing&#0;documents&#0;attached&#0;as&#0;Exhibit&#0;E.  The&#0; Administrative&#0; Agent&#0; shall&#0; notify&#0; the&#0; Company&#0; and&#0; the&#0; Lenders&#0; of&#0; the&#0; Effective&#0; Date,&#0; and&#0; such notice&#0;shall&#0;be&#0;conclusive&#0;and&#0;binding.         SECTION&#0;4.02 Closing&#0;Date.&#0;&#0;The&#0;obligations&#0;of&#0;the&#0;Lenders&#0;to&#0;make&#0;Loans&#0;and&#0;of&#0;the&#0;Issuing Banks&#0;to&#0;issue&#0;Letters&#0;of&#0;Credit&#0;hereunder&#0;shall&#0;not&#0;become&#0;effective&#0;until&#0;the&#0;date&#0;on&#0;which&#0;each&#0;of&#0;the following&#0;conditions&#0;is&#0;satisfied&#0;(or&#0;waived&#0;in&#0;accordance&#0;with&#0;Section&#0;9.02&#0;:               (a&#0;    The&#0;Effective&#0;Date&#0;shall&#0;have&#0;occurred.                                             86

 

       agreements&#0;shall&#0;have&#0;been&#0;waived,&#0;amended,&#0;supplemented&#0;or&#0;otherwise&#0;modified&#0;in&#0;a&#0;manner        material&#0;and&#0;adverse&#0;to&#0;the&#0;rights&#0;or&#0;interests&#0;of&#0;the&#0;Lenders&#0;without&#0;the&#0;prior&#0;approval&#0;of&#0;the        Administrative&#0; Agent,&#0; it&#0; being&#0; agreed&#0; that&#0; the&#0; Administrative&#0; Agent&#0; will&#0; act&#0; reasonably&#0; in        making&#0;any&#0;such&#0;determination.               (i&#0;    The&#0;Administrative&#0;Agent&#0;shall&#0;have&#0;received&#0;evidence&#0;satisfactory&#0;to&#0;it&#0;that&#0;the        “Commitments&#0;&#0; under&#0; (and&#0; as&#0; defined&#0; in&#0;&#0; the&#0; Pentair&#0; Credit&#0; Agreement&#0; have&#0; been&#0; (or        contemporaneously&#0; with&#0; the&#0; Closing&#0; Date&#0; will&#0; be&#0;&#0; ratably&#0; and&#0; permanently&#0; reduced&#0; to        $800,000,000&#0; or&#0; less&#0; (it&#0; being&#0; understood&#0; that&#0; such&#0; reduction&#0; may&#0; be&#0; effectuated&#0; by&#0; a        commitment&#0; reduction&#0; under,&#0; an&#0; amendment&#0; to,&#0; an&#0; amendment&#0; and&#0; restatement&#0; of&#0; or&#0; a        replacement&#0;of&#0;the&#0;Pentair&#0;Credit&#0;Agreement&#0;.               (j&#0;    The&#0;Administrative&#0;Agent&#0;shall&#0;have&#0;received&#0;all&#0;fees&#0;and&#0;other&#0;amounts&#0;due&#0;and        payable&#0;on&#0;or&#0;prior&#0;to&#0;the&#0;Closing&#0;Date,&#0;including,&#0;to&#0;the&#0;extent&#0;invoiced&#0;(in&#0;reasonable&#0;detail&#0;&#0;at        least&#0;one&#0;(1&#0;&#0;Business&#0;Day&#0;prior&#0;to&#0;the&#0;Closing&#0;Date,&#0;reimbursement&#0;or&#0;payment&#0;of&#0;all&#0;out-of-        pocket&#0;expenses&#0;required&#0;to&#0;be&#0;reimbursed&#0;or&#0;paid&#0;by&#0;the&#0;Company&#0;hereunder.  The&#0;Administrative&#0;Agent&#0;shall&#0;notify&#0;the&#0;Company&#0;and&#0;the&#0;Lenders&#0;of&#0;the&#0;Closing&#0;Date,&#0;and&#0;such&#0;notice shall&#0;be&#0;conclusive&#0;and&#0;binding.&#0;&#0;Notwithstanding&#0;the&#0;foregoing,&#0;the&#0;obligations&#0;of&#0;the&#0;Lenders&#0;to&#0;make Loans&#0;and&#0;of&#0;the&#0;Issuing&#0;Banks&#0;to&#0;issue&#0;Letters&#0;of&#0;Credit&#0;hereunder&#0;shall&#0;not&#0;become&#0;effective&#0;unless each&#0; of&#0; the&#0; foregoing&#0; conditions&#0;set&#0; forth&#0;in&#0; this&#0; Section&#0;4.02&#0;shall&#0;have&#0;been&#0; satisfied&#0; (or&#0;waived&#0; in accordance&#0;with&#0;Section&#0;9.02&#0;&#0;at&#0;or&#0;prior&#0;to&#0;5:00&#0;p.m.,&#0;New&#0;&#0;ork&#0;City&#0;time,&#0;on&#0;May&#0;31,&#0;2018,&#0;and&#0;it&#0;is hereby&#0;understood&#0;and&#0;agreed&#0;that&#0;in&#0;the&#0;event&#0;each&#0;of&#0;such&#0;foregoing&#0;conditions&#0;shall&#0;not&#0;have&#0;been&#0;so satisfied&#0;or&#0;waived,&#0;the&#0;Commitments&#0;shall&#0;automatically&#0;and&#0;irrevocably&#0;terminate&#0;at&#0;5:00&#0;p.m.,&#0;New &#0;ork&#0;City&#0;time,&#0;on&#0;May&#0;31,&#0;2018.         SECTION&#0;4.03 Each&#0;Credit&#0;Event.&#0;&#0;The&#0;obligation&#0;of&#0;each&#0;Lender&#0;to&#0;make&#0;a&#0;Loan,&#0;and&#0;of&#0;the Issuing&#0;Banks&#0;to&#0;issue,&#0;increase,&#0;renew&#0;or&#0;extend&#0;any&#0;Letter&#0;of&#0;Credit,&#0;is&#0;subject&#0;to&#0;the&#0;satisfaction&#0;of&#0;the following&#0;conditions:               (a&#0;    the&#0;representations&#0;and&#0;warranties&#0;of&#0;the&#0;Borrowers&#0;set&#0;forth&#0;in&#0;this&#0;Agreement        (other&#0;than&#0;the&#0;representations&#0;contained&#0;in&#0;Sections&#0;3.04(b&#0;&#0;and&#0;3.05&#0;&#0;shall&#0;be&#0;true&#0;and&#0;correct&#0;in        all&#0;material&#0;respects&#0;(provided&#0;that&#0;any&#0;representation&#0;or&#0;warranty&#0;that&#0;is&#0;qualified&#0;by&#0;materiality        or&#0;Material&#0;Adverse&#0;Effect&#0;shall&#0;be&#0;true&#0;and&#0;correct&#0;in&#0;all&#0;respects&#0;&#0;on&#0;and&#0;as&#0;of&#0;the&#0;date&#0;of&#0;such        Loan&#0;(or,&#0;if&#0;any&#0;such&#0;representation&#0;or&#0;warranty&#0;is&#0;expressly&#0;stated&#0;to&#0;have&#0;been&#0;made&#0;as&#0;of&#0;a        specific&#0;date,&#0;as&#0;of&#0;such&#0;specific&#0;date&#0;&#0;or&#0;the&#0;date&#0;of&#0;issuance,&#0;amendment&#0;to&#0;increase,&#0;renewal&#0;or        extension&#0;of&#0;such&#0;Letter&#0;of&#0;Credit,&#0;as&#0;applicable.               (b&#0;    At&#0;the&#0;time&#0;of&#0;and&#0;immediately&#0;after&#0;giving&#0;effect&#0;to&#0;such&#0;Loan&#0;or&#0;the&#0;issuance,        amendment&#0;to&#0;increase,&#0;renewal&#0;or&#0;extension&#0;of&#0;such&#0;Letter&#0;of&#0;Credit,&#0;as&#0;applicable,&#0;no&#0;Default        shall&#0;have&#0;occurred&#0;and&#0;be&#0;continuing.  Each&#0;Loan&#0;and&#0;each&#0;issuance,&#0;amendment&#0;to&#0;increase,&#0;renewal&#0;or&#0;extension&#0;of&#0;a&#0;Letter&#0;of&#0;Credit&#0;shall&#0;be deemed&#0;to&#0;constitute&#0;a&#0;representation&#0;and&#0;warranty&#0;by&#0;the&#0;Borrowers&#0;on&#0;the&#0;date&#0;thereof&#0;as&#0;to&#0;the&#0;matters specified&#0;in&#0;paragraphs&#0;(a&#0;&#0;and&#0;(b&#0;&#0;of&#0;this&#0;Section.         SECTION&#0;4.04 Designation&#0;of&#0;an&#0;Affiliate&#0;Borrower.&#0;&#0;The&#0;designation&#0;of&#0;an&#0;Affiliate&#0;Borrower pursuant&#0;to&#0;Section&#0;2.23&#0;is&#0;subject&#0;to&#0;the&#0;conditions&#0;precedent&#0;that:                                             88

 

      (a&#0;    The&#0; Company&#0; or&#0; such&#0; proposed&#0; Affiliate&#0; Borrower&#0; shall&#0; have&#0; furnished&#0; or caused&#0;to&#0;be&#0;furnished&#0;to&#0;the&#0;Administrative&#0;Agent:               (i&#0;    subject&#0;to&#0;clauses&#0;(d&#0;&#0;and&#0;(e&#0;&#0;below,&#0;copies,&#0;certified&#0;by&#0;the&#0;Secretary&#0;or       Assistant&#0;Secretary&#0;(or&#0;other&#0;appropriate&#0;officer,&#0;manager&#0;or&#0;director&#0;&#0;of&#0;such&#0;Subsidiary,       of&#0; its&#0; board&#0; of&#0; directors&#0;&#0; (or&#0; other&#0; applicable&#0; governing&#0; body&#0;s&#0;&#0; resolutions&#0; (and       resolutions&#0; of&#0; other&#0; bodies,&#0; if&#0; any&#0; are&#0; deemed&#0; necessary&#0; by&#0; counsel&#0; for&#0; the       Administrative&#0;Agent&#0;&#0;approving&#0;the&#0;Affiliate&#0;Borrowing&#0;Agreement&#0;and&#0;any&#0;other&#0;Loan       Documents&#0; to&#0; which&#0; such&#0; Subsidiary&#0; is&#0; becoming&#0; a&#0; party&#0; and&#0; such&#0; documents&#0; and       certificates&#0;as&#0;the&#0;Administrative&#0;Agent&#0;or&#0;its&#0;counsel&#0;may&#0;reasonably&#0;request&#0;relating&#0;to       the&#0;organi&#0;ation,&#0;existence&#0;and&#0;good&#0;standing&#0;of&#0;such&#0;Subsidiary&#0;               (ii&#0;   an&#0; incumbency&#0; certificate,&#0; executed&#0; by&#0; the&#0; Secretary&#0; or&#0; Assistant       Secretary&#0;(or&#0;other&#0;appropriate&#0;officer,&#0;manager&#0;or&#0;director&#0;&#0;of&#0;such&#0;Subsidiary,&#0;which       shall&#0; identify&#0; by&#0; name&#0; and&#0; title&#0; and&#0; bear&#0; the&#0; signature&#0; of&#0; the&#0; officers&#0; or&#0; other       representatives&#0;of&#0;such&#0;Subsidiary&#0;authori&#0;ed&#0;to&#0;request&#0;Borrowings&#0;hereunder&#0;and&#0;sign       the&#0; Affiliate&#0; Borrowing&#0; Agreement&#0; and&#0; the&#0; other&#0; Loan&#0; Documents&#0; to&#0; which&#0; such       Subsidiary&#0;is&#0;becoming&#0;a&#0;party,&#0;upon&#0;which&#0;certificate&#0;the&#0;Administrative&#0;Agent&#0;and&#0;the       Lenders&#0;shall&#0;be&#0;entitled&#0;to&#0;rely&#0;until&#0;informed&#0;of&#0;any&#0;change&#0;in&#0;writing&#0;by&#0;the&#0;Company       or&#0;such&#0;Subsidiary&#0;               (iii&#0;  opinions&#0; of&#0; counsel&#0; to&#0; such&#0; Subsidiary&#0; (which&#0; may&#0; include&#0; inside       counsel&#0; to&#0; such&#0; Subsidiary&#0; for&#0; certain&#0; matters&#0;,&#0; in&#0; form&#0; and&#0; substance&#0; reasonably       satisfactory&#0;to&#0;the&#0;Administrative&#0;Agent&#0;and&#0;its&#0;counsel,&#0;with&#0;respect&#0;to&#0;the&#0;laws&#0;of&#0;its       jurisdiction&#0;of&#0;organi&#0;ation&#0;and&#0;such&#0;other&#0;matters&#0;as&#0;are&#0;reasonably&#0;requested&#0;by&#0;counsel       to&#0;the&#0;Administrative&#0;Agent&#0;and&#0;addressed&#0;to&#0;the&#0;Administrative&#0;Agent&#0;and&#0;the&#0;Lenders&#0;               (iv&#0;   any&#0; promissory&#0; notes&#0; requested&#0; by&#0; any&#0; Lender,&#0; and&#0; any&#0; other       instruments&#0; and&#0; documents&#0; reasonably&#0; requested&#0; by&#0; the&#0; Administrative&#0; Agent&#0; or&#0; any       Lender&#0;(including&#0;in&#0;connection&#0;with&#0;the&#0;Patriot&#0;Act&#0;&#0;&#0;and               (v&#0;    any&#0; documentation&#0; and&#0; other&#0; information&#0; related&#0; to&#0; such&#0; Subsidiary       reasonably&#0;requested&#0;by&#0;the&#0;Administrative&#0;Agent&#0;or&#0;any&#0;Lender&#0;under&#0;applicable&#0;“know       your&#0; customer&#0;&#0; or&#0; similar&#0; rules&#0; and&#0; regulations,&#0; including&#0; the&#0; Patriot&#0; Act&#0; and&#0; the       Beneficial&#0;Ownership&#0;Regulation&#0;        (b&#0;    The&#0;Administrative&#0;Agent&#0;shall&#0;have&#0;received&#0;evidence&#0;satisfactory&#0;to&#0;it&#0;that&#0;all of&#0; such&#0; Affiliate&#0; Borrower&#0;s&#0; then&#0; existing&#0; credit&#0; facilities&#0; shall&#0; have&#0; been&#0; cancelled&#0; and terminated&#0; and&#0; all&#0; indebtedness&#0; thereunder&#0; shall&#0; have&#0; been&#0; fully&#0; repaid&#0; (except&#0; to&#0; the&#0; extent being&#0;so&#0;repaid&#0;with&#0;the&#0;initial&#0;Revolving&#0;Loans&#0;to&#0;such&#0;Borrower&#0;or&#0;otherwise&#0;permitted&#0;to&#0;be outstanding&#0;pursuant&#0;to&#0;this&#0;Agreement&#0;&#0;        (c&#0;    In&#0;the&#0;event&#0;an&#0;Affiliate&#0;Borrower&#0;is&#0;organi&#0;ed&#0;under&#0;the&#0;laws&#0;of&#0;Luxembourg, (i&#0;&#0;an&#0;excerpt&#0;(extrait&#0;&#0;issued&#0;by&#0;the&#0;Luxembourg&#0;Trade&#0;and&#0;Companies&#0;Register&#0;dated&#0;as&#0;of&#0;the date&#0;of&#0;its&#0;designation&#0;and&#0;(ii&#0;&#0;a&#0;non-registration&#0;certificate&#0;(certificate de non-inscription d’une décision  judiciaire&#0;&#0; issued&#0; by&#0; the&#0; Luxembourg&#0; Trade&#0; and&#0; Companies&#0; Register&#0; regarding&#0; the absence&#0;of&#0;judicial&#0;proceedings&#0;dated&#0;as&#0;of&#0;the&#0;date&#0;of&#0;its&#0;designation&#0;        (d&#0;    In&#0;the&#0;event&#0;an&#0;Affiliate&#0;Borrower&#0;is&#0;organi&#0;ed&#0;under&#0;the&#0;laws&#0;of&#0;Swit&#0;erland,&#0;(i&#0; a&#0;copy&#0;of&#0;the&#0;constitutional&#0;documents&#0;of&#0;such&#0;Affiliate&#0;Borrower,&#0;being&#0;a&#0;certified&#0;excerpt&#0;of&#0;the competent&#0; commercial&#0; register,&#0; a&#0; certified&#0; copy&#0; of&#0; the&#0; articles&#0; of&#0; association&#0; (containing&#0; a                                     89

 

       (c&#0;   Compliance&#0; Certificates.&#0; &#0; Simultaneously&#0; with&#0; the&#0; delivery&#0; of&#0; each&#0; set&#0; of&#0; financial statements&#0;referred&#0;to&#0;in&#0;clauses&#0;(a&#0;&#0;and&#0;(b&#0;&#0;above,&#0;a&#0;certificate&#0;of&#0;a&#0;Senior&#0;Financial&#0;Officer&#0;(i&#0;&#0;setting forth&#0;in&#0;reasonable&#0;detail&#0;the&#0;calculations&#0;required&#0;to&#0;establish&#0;whether&#0;the&#0;Parent&#0;was&#0;in&#0;compliance&#0;with the&#0; requirements&#0; of&#0; Sections&#0; 6.01&#0; and&#0; 6.02&#0; on&#0; the&#0; date&#0; of&#0; such&#0; financial&#0; statements&#0; and&#0; (ii&#0;&#0; stating whether&#0;there&#0;exists&#0;on&#0;the&#0;date&#0;of&#0;such&#0;certificate&#0;any&#0;Event&#0;of&#0;Default&#0;or&#0;Default&#0;and,&#0;if&#0;any&#0;such&#0;event then&#0;exists,&#0;setting&#0;forth&#0;the&#0;details&#0;thereof&#0;and&#0;the&#0;action&#0;which&#0;the&#0;Parent&#0;is&#0;taking&#0;or&#0;proposes&#0;to&#0;take with&#0;respect&#0;thereto.         (d&#0;   Notice&#0;of&#0;Default.&#0;&#0;Forthwith&#0;upon&#0;the&#0;occurrence&#0;of&#0;any&#0;Responsible&#0;Officer&#0;obtaining knowledge&#0;of&#0;any&#0;Event&#0;of&#0;Default&#0;or&#0;Default,&#0;a&#0;certificate&#0;of&#0;a&#0;Senior&#0;Financial&#0;Officer&#0;setting&#0;forth&#0;the details&#0;thereof&#0;and&#0;the&#0;action&#0;which&#0;the&#0;Parent&#0;is&#0;taking&#0;or&#0;proposes&#0;to&#0;take&#0;with&#0;respect&#0;thereto.         (e&#0;   Shareholder&#0;Information.&#0;&#0;Promptly&#0;upon&#0;the&#0;mailing&#0;thereof&#0;to&#0;the&#0;shareholders&#0;of&#0;the Parent&#0;generally,&#0;copies&#0;of&#0;all&#0;financial&#0;statements,&#0;reports&#0;and&#0;proxy&#0;statements&#0;so&#0;mailed.         (f&#0;   SEC&#0;Filings.&#0;&#0;Promptly&#0;upon&#0;the&#0;filing&#0;thereof,&#0;copies&#0;of&#0;all&#0;registration&#0;statements&#0;(other than&#0;the&#0;exhibits&#0;thereto&#0;and&#0;any&#0;registration&#0;statements&#0;on&#0;Form&#0;S-8&#0;or&#0;its&#0;equivalent&#0;&#0;and&#0;reports&#0;on Forms&#0;10-K&#0;and&#0;10-Q&#0;which&#0;the&#0;Parent&#0;shall&#0;have&#0;filed&#0;with&#0;the&#0;SEC.         (g&#0;   ERISA&#0;Notices.&#0;&#0;If&#0;and&#0;when&#0;the&#0;Parent&#0;or&#0;ERISA&#0;Affiliate&#0;or&#0;is&#0;required&#0;to&#0;give&#0;notice to&#0;the&#0;PBGC&#0;of&#0;any&#0;“reportable&#0;event&#0;&#0;(as&#0;defined&#0;in&#0;Section&#0;4043&#0;of&#0;ERISA&#0;&#0;with&#0;respect&#0;to&#0;any&#0;Plan which&#0;could&#0;reasonably&#0;be&#0;expected&#0;to&#0;constitute&#0;grounds&#0;for&#0;a&#0;distress&#0;or&#0;PBGC-initiated&#0;termination&#0;of such&#0; Plan&#0;under&#0; Title&#0;IV&#0;of&#0;ERISA,&#0;or&#0; knows&#0;that&#0; the&#0; plan&#0;administrator&#0;of&#0;any&#0; Plan&#0;has&#0;given&#0; or&#0;is required&#0;to&#0;give&#0;notice&#0;of&#0;any&#0;such&#0;reportable&#0;event,&#0;a&#0;copy&#0;of&#0;the&#0;notice&#0;of&#0;such&#0;reportable&#0;event&#0;given&#0;or required&#0;to&#0;be&#0;given&#0;to&#0;the&#0;PBGC.         (h&#0;   Notice&#0;of&#0;Other&#0;Material&#0;Events.&#0;&#0;Promptly&#0;upon&#0;obtaining&#0;knowledge&#0;thereof,&#0;notice&#0;of the&#0;commencement&#0;of&#0;any&#0;litigation&#0;or&#0;Governmental&#0;Authority&#0;proceeding&#0;affecting&#0;the&#0;Parent&#0;or&#0;any Subsidiary&#0; (including&#0; pursuant&#0; to&#0; any&#0; applicable&#0; Environmental&#0; Law&#0;&#0; in&#0; which&#0; there&#0; is&#0; a&#0; reasonable possibility&#0;of&#0;an&#0;adverse&#0;decision&#0;which&#0;could&#0;reasonably&#0;be&#0;expected&#0;to&#0;have&#0;a&#0;Material&#0;Adverse&#0;Effect.         (i&#0;   Ratings.&#0;&#0;Promptly&#0;upon&#0;the&#0;public&#0;announcement&#0;thereof,&#0;notice&#0;of&#0;any&#0;downgrade&#0;in any&#0; credit&#0; rating&#0; (including&#0; the&#0; Public&#0; Debt&#0; Rating&#0;&#0; with&#0; respect&#0; to&#0; the&#0; Company&#0; or&#0; the&#0; Parent&#0; by Moody&#0;s,&#0;S&#0;P&#0;or&#0;Fitch.         (j&#0;   Beneficial&#0;Ownership&#0;Certification&#0;Changes.&#0;&#0;Promptly&#0;after&#0;the&#0;occurrence&#0;thereof, notice&#0; to&#0; the&#0; applicable&#0; Lender&#0; of&#0; any&#0; change&#0; in&#0; the&#0; information&#0; provided&#0; in&#0; the&#0; Beneficial Ownership&#0; Certification&#0; delivered&#0; to&#0; such&#0; Lender&#0; that&#0; would&#0; result&#0; in&#0; a&#0; change&#0; to&#0; the&#0; list&#0; of beneficial&#0;owners&#0;identified&#0;in&#0;such&#0;certification.         (k&#0;   K&#0;C&#0; Information.&#0; &#0; Promptly&#0; following&#0; any&#0; request&#0; therefor,&#0; information&#0; and documentation&#0;reasonably&#0;requested&#0;by&#0;the&#0;Administrative&#0;Agent&#0;or&#0;any&#0;Lender&#0;for&#0;purposes&#0;of compliance&#0; with&#0; applicable&#0; “know&#0; your&#0; customer&#0;&#0; and&#0; anti-money&#0; laundering&#0; rules&#0; and regulations,&#0;including&#0;the&#0;Patriot&#0;Act&#0;and&#0;the&#0;Beneficial&#0;Ownership&#0;Regulation.         (l&#0;   (j&#0;&#0;Other&#0;Information.&#0;&#0;From&#0;time&#0;to&#0;timePromptly&#0;following&#0;any&#0;request&#0;therefor, such&#0; additional&#0; information&#0; regarding&#0; the&#0; financial&#0; position&#0; or&#0; business&#0; of&#0; the&#0; Loan&#0; Parties&#0; as&#0; the Administrative&#0;Agent,&#0;at&#0;the&#0;request&#0;of&#0;any&#0;Lender,&#0;may&#0;reasonably&#0;request.&#0;(it&#0;being&#0;understood&#0;and agreed&#0;that&#0;no&#0;Loan&#0;Party&#0;nor&#0;any&#0;of&#0;its&#0;Subsidiaries&#0;shall&#0;be&#0;required&#0;to&#0;disclose&#0;or&#0;discuss,&#0;or permit&#0;the&#0;inspection,&#0;examination&#0;or&#0;making&#0;of&#0;extracts&#0;of,&#0;any&#0;records,&#0;books,&#0;information&#0;or account&#0;or&#0;other&#0;matter&#0;(i&#0;&#0;in&#0;respect&#0;of&#0;which&#0;disclosure&#0;to&#0;the&#0;Administrative&#0;Agent,&#0;any&#0;Lender                                            91

 

or&#0;their&#0;representatives&#0;is&#0;then&#0;prohibited&#0;by&#0;applicable&#0;law&#0;or&#0;any&#0;agreement&#0;binding&#0;on&#0;any&#0;Loan Party&#0;or&#0;any&#0;of&#0;its&#0;Subsidiaries,&#0;(ii&#0;&#0;that&#0;is&#0;protected&#0;from&#0;disclosure&#0;by&#0;the&#0;attorney-client&#0;privilege or&#0; the&#0; attorney&#0; work&#0; product&#0; privilege&#0; or&#0; (iii&#0;&#0;constitutes&#0; non-financial&#0; trade&#0; secrets&#0; or&#0; non- financial&#0;proprietary&#0;information&#0;.         Documents&#0; required&#0; to&#0; be&#0; delivered&#0; pursuant&#0; to&#0; Sections&#0;3.04&#0;or&#0; 5.01&#0;(to&#0;the&#0;extent&#0; any&#0; such documents&#0;are&#0;included&#0;in&#0;materials&#0;otherwise&#0;filed&#0;with&#0;the&#0;SEC&#0;&#0;may&#0;be&#0;delivered&#0;electronically&#0;and&#0;if so&#0; delivered,&#0; shall&#0; be&#0; deemed&#0; to&#0; have&#0; been&#0; delivered&#0; on&#0; the&#0; date&#0; such&#0; documents&#0; are&#0; posted&#0; on&#0; the Parent&#0;s&#0; behalf&#0; on&#0; SyndTrak/IntraLinks/IntraAgency,&#0; on&#0; EDGAR&#0; (the&#0; Electronic&#0; Data&#0; Gathering, Analysis&#0;and&#0;Retrieval&#0;system&#0;of&#0;the&#0;SEC&#0;&#0;or&#0;any&#0;successor&#0;thereto,&#0;or&#0;another&#0;relevant&#0;website,&#0;if&#0;any,&#0;to which&#0;each&#0;Lender&#0;and&#0;the&#0;Administrative&#0;Agent&#0;have&#0;access&#0;(whether&#0;a&#0;commercial,&#0;third-party&#0;website or&#0;whether&#0;sponsored&#0;by&#0;the&#0;Administrative&#0;Agent&#0;&#0;&#0;provided&#0;that,&#0;except&#0;in&#0;the&#0;case&#0;of&#0;any&#0;filing&#0;on EDGAR&#0;or&#0;any&#0;successor&#0;thereto,&#0;the&#0;Parent&#0;shall&#0;notify&#0;(which&#0;may&#0;be&#0;by&#0;facsimile&#0;or&#0;electronic&#0;mail&#0; the&#0;Administrative&#0;Agent&#0;and&#0;each&#0;Lender&#0;of&#0;the&#0;posting&#0;of&#0;any&#0;such&#0;documents.&#0;&#0;The&#0;Administrative Agent&#0;shall&#0;have&#0;no&#0;obligation&#0;to&#0;request&#0;the&#0;delivery&#0;or&#0;to&#0;maintain&#0;copies&#0;of&#0;the&#0;documents&#0;referred&#0;to above,&#0;and&#0;in&#0;any&#0;event&#0;shall&#0;have&#0;no&#0;responsibility&#0;to&#0;monitor&#0;compliance&#0;by&#0;the&#0;Parent&#0;with&#0;any&#0;such request&#0; for&#0; delivery,&#0; and&#0; each&#0; Lender&#0; shall&#0; be&#0; solely&#0; responsible&#0; for&#0; requesting&#0; delivery&#0; to&#0; it&#0; or maintaining&#0;its&#0;copies&#0;of&#0;such&#0;documents.         If&#0; any&#0;financial&#0;materials&#0;and&#0;related&#0;certificates&#0;required&#0;to&#0;be&#0;delivered&#0;pursuant&#0;to&#0;Sections 5.01(a&#0;,&#0;(b&#0;&#0;and/or&#0;(c&#0;&#0;shall&#0;be&#0;required&#0;to&#0;be&#0;delivered&#0;pursuant&#0;to&#0;the&#0;terms&#0;of&#0;such&#0;Section(s&#0;&#0;on&#0;a&#0;day that&#0;is&#0;not&#0;a&#0;Business&#0;Day,&#0;the&#0;required&#0;date&#0;for&#0;such&#0;delivery&#0;shall&#0;be&#0;extended&#0;to&#0;the&#0;next&#0;succeeding Business&#0;Day.         SECTION&#0;5.02 Use&#0;of&#0;Proceeds.&#0;&#0;The&#0;Parent&#0;shall,&#0;and&#0;shall&#0;cause&#0;each&#0;Subsidiary&#0;to,&#0;use&#0;the proceeds&#0;of&#0;the&#0;Term&#0;Loans&#0;on&#0;or&#0;prior&#0;to&#0;the&#0;Spinoff&#0;Date,&#0;to&#0;finance&#0;certain&#0;payments&#0;to&#0;Pentair&#0;in conjunction&#0; with&#0; the&#0; Spinoff&#0; Transactions&#0; and&#0; to&#0; pay&#0; Transaction&#0; Expenses&#0; (it&#0; being&#0; understood&#0; and agreed&#0;that&#0;the&#0;proceeds&#0;of&#0;the&#0;Term&#0;Loans&#0;may&#0;not&#0;be&#0;used&#0;for&#0;any&#0;purpose&#0;other&#0;than&#0;as&#0;set&#0;forth&#0;in&#0;this sentence&#0;.&#0;&#0;The&#0;Parent&#0;shall,&#0;and&#0;shall&#0;cause&#0;each&#0;Subsidiary&#0;to,&#0;use&#0;the&#0;proceeds&#0;of&#0;the&#0;Revolving&#0;Loans (a&#0;&#0;on&#0;or&#0;prior&#0;to&#0;the&#0;Spinoff&#0;Date,&#0;to&#0;finance&#0;certain&#0;payments&#0;to&#0;Pentair&#0;in&#0;conjunction&#0;with&#0;the&#0;Spinoff Transactions&#0;and&#0;to&#0;pay&#0;Transaction&#0;Expenses&#0;and&#0;(b&#0;&#0;thereafter,&#0;solely&#0;for&#0;working&#0;capital&#0;needs&#0;and&#0;for general&#0; corporate&#0; purposes&#0; (including&#0; Permitted&#0; Acquisitions,&#0; permitted&#0; share&#0; repurchases,&#0; capital expenditures&#0;and&#0;repayment&#0;of&#0;Debt&#0;&#0;of&#0;the&#0;Parent,&#0;each&#0;Borrower&#0;and&#0;the&#0;Subsidiaries.&#0;&#0;Without&#0;limiting the&#0;foregoing,&#0;the&#0;Parent&#0;shall&#0;not,&#0;and&#0;shall&#0;not&#0;permit&#0;any&#0;Subsidiary&#0;to,&#0;use&#0;the&#0;proceeds&#0;of&#0;any&#0;Credit Events,&#0;directly&#0;or&#0;indirectly,&#0;for&#0;the&#0;purpose,&#0;whether&#0;immediate,&#0;incidental&#0;or&#0;ultimate,&#0;of&#0;purchasing&#0;or carrying&#0;any&#0;“margin&#0;stock&#0;&#0;in&#0;violation&#0;of&#0;Regulation&#0;U&#0;of&#0;the&#0;Board.&#0;&#0;In&#0;no&#0;event&#0;shall&#0;the&#0;proceeds&#0;of the&#0; Loans&#0; be&#0; utili&#0;ed&#0; for&#0; any&#0; purpose&#0; that&#0; would&#0; constitute&#0; unlawful&#0; financial&#0; assistance&#0; within&#0; the meaning&#0;of&#0;sections&#0;678&#0;or&#0;679&#0;of&#0;the&#0;UK&#0;Companies&#0;Act&#0;2006&#0;or&#0;section&#0;82&#0;of&#0;the&#0;Irish&#0;Companies&#0;Act.         SECTION&#0;5.03 Compliance&#0;with&#0;Contractual&#0;Obligations&#0;and&#0;Laws.&#0;&#0;The&#0;Parent&#0;shall,&#0;and&#0;shall cause&#0;each&#0;Subsidiary&#0;to,&#0;comply&#0;with&#0;all&#0;applicable&#0;laws&#0;and&#0;regulations&#0;of&#0;any&#0;Governmental&#0;Authority having&#0;jurisdiction&#0;over&#0;it&#0;or&#0;its&#0;business&#0;the&#0;non-compliance&#0;with&#0;which&#0;would&#0;reasonably&#0;be&#0;expected to&#0;have&#0;a&#0;Material&#0;Adverse&#0;Effect.&#0;&#0;Without&#0;limiting&#0;the&#0;foregoing,&#0;each&#0;Borrower&#0;will&#0;maintain&#0;in&#0;effect and&#0;enforce&#0;policies&#0;and&#0;procedures&#0;designed&#0;to&#0;promote&#0;and&#0;achieve&#0;compliance&#0;by&#0;such&#0;Borrower,&#0;its Subsidiaries&#0; and&#0; their&#0; respective&#0; directors,&#0; officers,&#0; employees&#0; and&#0; agents&#0; with&#0; applicable&#0; Anti- Corruption&#0;Laws&#0;and&#0;applicable&#0;Sanctions&#0;in&#0;all&#0;material&#0;respects.         SECTION&#0;5.04 Insurance.&#0;&#0;The&#0;Parent&#0;shall,&#0;and&#0;shall&#0;cause&#0;each&#0;Subsidiary&#0;to,&#0;maintain,&#0;with financially&#0; sound&#0; and&#0; reputable&#0; insurers&#0;(as&#0; determined&#0; at&#0; the&#0; time&#0; the&#0; relevant&#0; coverage&#0; is&#0;placed&#0; or renewed&#0; in&#0; the&#0; good&#0; faith&#0; judgment&#0; of&#0; the&#0; Parent&#0; or&#0; relevant&#0; Subsidiary&#0;&#0; and/or&#0; pursuant&#0; to&#0; a&#0; self- insurance&#0;program,&#0;insurance&#0;with&#0;respect&#0;to&#0;its&#0;properties&#0;and&#0;business&#0;against&#0;loss&#0;or&#0;damage&#0;of&#0;the                                            92

 

kinds&#0; customarily&#0; insured&#0; against&#0; by&#0; Persons&#0;engaged&#0; in&#0;the&#0; same&#0; or&#0; similar&#0; businesses&#0;and&#0; covering similar&#0;properties&#0;in&#0;the&#0;same&#0;or&#0;similar&#0;localities,&#0;of&#0;such&#0;types,&#0;with&#0;such&#0;deductibles,&#0;covering&#0;such risks&#0;and&#0;in&#0;such&#0;amounts&#0;as&#0;are&#0;customarily&#0;carried&#0;under&#0;similar&#0;circumstances&#0;by&#0;such&#0;other&#0;Persons, except&#0;where&#0;the&#0;failure&#0;to&#0;do&#0;so&#0;could&#0;not&#0;reasonably&#0;be&#0;expected&#0;to&#0;have&#0;a&#0;Material&#0;Adverse&#0;Effect.         SECTION&#0;5.05 Ownership&#0;of&#0;Borrowers.&#0;The&#0;Parent&#0;shall&#0;at&#0;all&#0;times&#0;own&#0;and&#0;control,&#0;directly or&#0;indirectly,&#0;all&#0;of&#0;the&#0;equity&#0;interests&#0;(other&#0;than&#0;directors&#0;&#0;qualifying&#0;shares&#0;and&#0;other&#0;than&#0;as&#0;may&#0;be required&#0;by&#0;law&#0;&#0;of&#0;each&#0;Borrower&#0;(unless,&#0;in&#0;the&#0;case&#0;of&#0;any&#0;Borrower&#0;other&#0;than&#0;the&#0;Company,&#0;such Borrower&#0;and&#0;has&#0;ceased&#0;to&#0;be&#0;a&#0;party&#0;hereto&#0;pursuant&#0;to&#0;Section&#0;2.23&#0;.         SECTION&#0;5.06 Payment&#0;of&#0;Taxes.&#0;&#0;The&#0;Parent&#0;shall,&#0;and&#0;shall&#0;cause&#0;each&#0;Subsidiary&#0;to,&#0;pay&#0;or make&#0;provision&#0;for&#0;the&#0;payment&#0;of&#0;all&#0;United&#0;States&#0;federal&#0;and&#0;material&#0;foreign,&#0;state&#0;and&#0;other&#0;taxes which&#0;have&#0;become&#0;due&#0;pursuant&#0;to&#0;such&#0;returns&#0;or&#0;pursuant&#0;to&#0;any&#0;assessment&#0;in&#0;respect&#0;thereof&#0;received by&#0;the&#0;Parent&#0;or&#0;any&#0;Subsidiary,&#0;except&#0;(a&#0;&#0;taxes&#0;that&#0;are&#0;being&#0;contested&#0;in&#0;good&#0;faith&#0;and&#0;for&#0;which adequate&#0; reserves&#0; have&#0; been&#0; provided&#0; and/or&#0; (b&#0;&#0; where&#0; the&#0; failure&#0; to&#0; so&#0; pay&#0; could&#0; not&#0; reasonably&#0; be expected&#0;to&#0;have&#0;a&#0;Material&#0;Adverse&#0;Effect.         SECTION&#0;5.07 Swiss&#0;Non-Bank&#0;Rules.&#0;Each&#0;Swiss&#0;Loan&#0;Party&#0;shall&#0;at&#0;all&#0;times&#0;comply&#0;with&#0;the Swiss&#0;Twenty&#0;Non-Bank&#0;Rule,&#0;to&#0;the&#0;extent&#0;applicable&#0;&#0;provided&#0;that&#0;a&#0;Swiss&#0;Loan&#0;Party&#0;shall&#0;not&#0;be&#0;in breach&#0; of&#0; this&#0; Section&#0; 5.07&#0; if&#0; non-compliance&#0; arises&#0; solely&#0; as&#0; a&#0; consequence&#0; of&#0; (a&#0;&#0; an&#0; inaccurate representation&#0;and&#0;warranty&#0;by&#0;a&#0;Lender&#0;pursuant&#0;to&#0;Section&#0;9.17&#0;&#0;(b&#0;&#0;any&#0;assignment&#0;or&#0;participation&#0;by a&#0;Lender&#0;to&#0;a&#0;Person&#0;that&#0;is&#0;not&#0;a&#0;Swiss&#0;Qualifying&#0;Lender&#0;without&#0;the&#0;consent&#0;of&#0;the&#0;Company&#0;&#0;or&#0;(c&#0; any&#0;Lender&#0;ceasing&#0;to&#0;be&#0;a&#0;Swiss&#0;Qualifying&#0;Lender&#0;so&#0;long&#0;as&#0;commencing&#0;promptly&#0;after&#0;the&#0;Company obtains&#0;knowledge&#0;of&#0;such&#0;event,&#0;the&#0;Company&#0;and&#0;such&#0;Swiss&#0;Loan&#0;Party&#0;take&#0;all&#0;reasonable&#0;steps&#0;to cause&#0;the&#0;number&#0;of&#0;creditors&#0;of&#0;such&#0;Swiss&#0;Loan&#0;Party&#0;relevant&#0;under&#0;the&#0;Swiss&#0;Twenty&#0;Non-Bank&#0;Rule to&#0;be&#0;not&#0;more&#0;than&#0;20.         SECTION&#0;5.08 Loan&#0;Party&#0;Location.&#0;The&#0;Parent&#0;will&#0;cause&#0;(i&#0;&#0;each&#0;Borrower&#0;and&#0;each&#0;Material Subsidiary&#0;incorporated&#0;or&#0;organi&#0;ed&#0;in&#0;an&#0;EU&#0;jurisdiction&#0;to&#0;cause&#0;its&#0;centre&#0;of&#0;main&#0;interest&#0;(as&#0;that term&#0; is&#0; used&#0; in&#0; Article&#0; 3(1&#0;&#0; of&#0; the&#0; Insolvency&#0; Regulation&#0;&#0; to&#0; be&#0; situated&#0; solely&#0; in&#0; its&#0; jurisdiction&#0; of incorporation&#0;and&#0;not&#0;to&#0;have&#0;an&#0;establishment&#0;(as&#0;that&#0;term&#0;is&#0;used&#0;in&#0;Article&#0;2(10&#0;&#0;of&#0;the&#0;Insolvency Regulation&#0;&#0;situated&#0;outside&#0;its&#0;jurisdiction&#0;of&#0;incorporation&#0;or&#0;organi&#0;ation,&#0;as&#0;applicable&#0;and&#0;(ii&#0;&#0;each Borrower&#0;and&#0;each&#0;Material&#0;Subsidiary&#0;incorporated&#0;in&#0;England&#0;and&#0;Wales&#0;to&#0;cause&#0;its&#0;centre&#0;of&#0;main interest&#0;(as&#0;that&#0;term&#0;is&#0;used&#0;in&#0;Article&#0;3(1&#0;&#0;of&#0;the&#0;Insolvency&#0;Regulation&#0;&#0;to&#0;be&#0;situated&#0;solely&#0;in&#0;England and&#0; Wales&#0; and&#0; not&#0; to&#0; have&#0; an&#0; establishment&#0; (as&#0; that&#0; term&#0; is&#0; used&#0; in&#0; Article&#0; 2(10&#0;&#0; of&#0; the&#0; Insolvency Regulation&#0;&#0;situated&#0;outside&#0;its&#0;jurisdiction&#0;of&#0;incorporation.&#0;&#0;The&#0;Parent&#0;will&#0;cause&#0;its&#0;centre&#0;of&#0;main interest&#0; (as&#0; that&#0; term&#0; is&#0; used&#0; in&#0; Article&#0; 3(1&#0;&#0; of&#0; the&#0; Insolvency&#0; Regulation&#0;&#0; to&#0; be&#0; situated&#0; solely&#0; in&#0; its jurisdiction&#0;of&#0;incorporation&#0;and&#0;not&#0;to&#0;have&#0;an&#0;establishment&#0;(as&#0;that&#0;term&#0;is&#0;used&#0;in&#0;Article&#0;2(10&#0;&#0;of&#0;the Insolvency&#0;Regulation&#0;&#0;situated&#0;outside&#0;its&#0;jurisdiction&#0;of&#0;incorporation.         SECTION&#0;5.09 Tax&#0; Residence.&#0; No&#0; Loan&#0; Party&#0; may&#0; change&#0; its&#0; residence&#0; for&#0; Tax&#0; purposes&#0; provided&#0;that&#0;the&#0;Parent&#0;may&#0;change&#0;its&#0;residence&#0;from&#0;time&#0;to&#0;time&#0;for&#0;Tax&#0;purposes&#0;from&#0;the United&#0;Kingdom&#0;to&#0;Ireland&#0;or&#0;from&#0;Ireland&#0;to&#0;the&#0;United&#0;Kingdom.         SECTION&#0;5.10 Service&#0;of&#0;Process&#0;Agent.&#0;&#0;To&#0;the&#0;extent&#0;that&#0;the&#0;Company&#0;wishes&#0;to&#0;terminate the&#0;Initial&#0;Affiliate&#0;Borrower&#0;as&#0;a&#0;Borrower&#0;hereunder,&#0;the&#0;Company&#0;will&#0;provide&#0;to&#0;the&#0;Administrative Agent&#0;prior&#0;to,&#0;or&#0;substantially&#0;contemporaneously&#0;with,&#0;such&#0;termination&#0;a&#0;letter&#0;from&#0;the&#0;Service&#0;of Process&#0; Agent&#0; described&#0; in&#0; clause&#0;(ii&#0;&#0; of&#0; the&#0; definition&#0; of&#0; “Service&#0; of&#0; Process&#0; Agent&#0;&#0; (or&#0; any&#0; other Service&#0; of&#0; Process&#0; Agent&#0; acceptable&#0; to&#0; the&#0; Administrative&#0; Agent&#0;,&#0; and&#0; such&#0; letter&#0; will&#0; confirm&#0; such                                             93

 

       Lender&#0;s&#0; entrance&#0; into,&#0; participation&#0; in,&#0; administration&#0; of&#0; and&#0; performance&#0; of&#0; the&#0; Loans,&#0; the        Letters&#0;of&#0;Credit,&#0;the&#0;Commitments&#0;and&#0;this&#0;Agreement&#0;&#0;or               (iv&#0;   such&#0; other&#0; representation,&#0; warranty&#0; and&#0; covenant&#0; as&#0; may&#0; be&#0; agreed&#0; in&#0; writing        between&#0;the&#0;Administrative&#0;Agent,&#0;in&#0;its&#0;sole&#0;discretion,&#0;and&#0;such&#0;Lender.         (b&#0;   In&#0; addition,&#0; unless&#0; sub-clause&#0; (i&#0;&#0; in&#0; the&#0; immediately&#0; preceding&#0; clause&#0; (a&#0;&#0; is&#0; true&#0; with respect&#0;to&#0;a&#0;Lender&#0;or&#0;such&#0;Lender&#0;has&#0;not&#0;provided&#0;another&#0;representation,&#0;warranty&#0;and&#0;covenant&#0;as provided&#0;in&#0;sub-clause&#0;(iv&#0;&#0;in&#0;the&#0;immediately&#0;preceding&#0;clause&#0;(a&#0;,&#0;such&#0;Lender&#0;further&#0;(x&#0;&#0;represents and&#0;warrants,&#0;as&#0;of&#0;the&#0;date&#0;such&#0;Person&#0;became&#0;a&#0;Lender&#0;party&#0;hereto,&#0;to,&#0;and&#0;(y&#0;&#0;covenants,&#0;from&#0;the date&#0; such&#0; Person&#0; became&#0; a&#0; Lender&#0; party&#0; hereto&#0; to&#0; the&#0; date&#0; such&#0; Person&#0; ceases&#0; being&#0; a&#0; Lender&#0; party hereto,&#0;for&#0;the&#0;benefit&#0;of,&#0;the&#0;Administrative&#0;Agent,&#0;and&#0;each&#0;Arranger&#0;and&#0;their&#0;respective&#0;Affiliates,&#0;and not,&#0;for&#0;the&#0;avoidance&#0;of&#0;doubt,&#0;to&#0;or&#0;for&#0;the&#0;benefit&#0;of&#0;the&#0;Company&#0;or&#0;any&#0;other&#0;Loan&#0;Party,&#0;that:               (i&#0;    none&#0; of&#0; the&#0; Administrative&#0; Agent,&#0; or&#0; any&#0; Arranger&#0; or&#0; any&#0; of&#0; their&#0; respective        Affiliates&#0;is&#0;a&#0;fiduciary&#0;with&#0;respect&#0;to&#0;the&#0;assets&#0;of&#0;such&#0;Lender&#0;(including&#0;in&#0;connection&#0;with&#0;the        reservation&#0;or&#0;exercise&#0;of&#0;any&#0;rights&#0;by&#0;the&#0;Administrative&#0;Agent&#0;under&#0;this&#0;Agreement,&#0;any&#0;Loan        Document&#0;or&#0;any&#0;documents&#0;related&#0;hereto&#0;or&#0;thereto&#0;&#0;               (ii&#0;   the&#0;Person&#0;making&#0;the&#0;investment&#0;decision&#0;on&#0;behalf&#0;of&#0;such&#0;Lender&#0;with&#0;respect        to&#0;the&#0;entrance&#0;into,&#0;participation&#0;in,&#0;administration&#0;of&#0;and&#0;performance&#0;of&#0;the&#0;Loans,&#0;the&#0;Letters        of&#0;Credit,&#0;the&#0;Commitments&#0;and&#0;this&#0;Agreement&#0;is&#0;independent&#0;(within&#0;the&#0;meaning&#0;of&#0;29&#0;CFR&#0;&#0;        2510.3-21,&#0; as&#0; amended&#0; from&#0; time&#0; to&#0; time&#0;&#0; and&#0; is&#0; a&#0; bank,&#0; an&#0; insurance&#0; carrier,&#0; an&#0; investment        adviser,&#0; a&#0; broker-dealer&#0; or&#0; other&#0; person&#0; that&#0; holds,&#0; or&#0; has&#0; under&#0;management&#0; or&#0; control,&#0; total        assets&#0;of&#0;at&#0;least&#0;$50,000,000,&#0;in&#0;each&#0;case&#0;as&#0;described&#0;in&#0;29&#0;CFR&#0;&#0;&#0;2510.3-21(c&#0;(1&#0;(i&#0;(A&#0;-(E&#0;&#0;               (iii&#0;  the&#0;Person&#0;making&#0;the&#0;investment&#0;decision&#0;on&#0;behalf&#0;of&#0;such&#0;Lender&#0;with&#0;respect        to&#0;the&#0;entrance&#0;into,&#0;participation&#0;in,&#0;administration&#0;of&#0;and&#0;performance&#0;of&#0;the&#0;Loans,&#0;the&#0;Letters        of&#0; Credit,&#0; the&#0; Commitments&#0; and&#0; this&#0; Agreement&#0; is&#0; capable&#0; of&#0; evaluating&#0; investment&#0; risks        independently,&#0;both&#0;in&#0;general&#0;and&#0;with&#0;regard&#0;to&#0;particular&#0;transactions&#0;and&#0;investment&#0;strategies        (including&#0;in&#0;respect&#0;of&#0;the&#0;obligations&#0;&#0;               (iv&#0;   the&#0;Person&#0;making&#0;the&#0;investment&#0;decision&#0;on&#0;behalf&#0;of&#0;such&#0;Lender&#0;with&#0;respect        to&#0;the&#0;entrance&#0;into,&#0;participation&#0;in,&#0;administration&#0;of&#0;and&#0;performance&#0;of&#0;the&#0;Loans,&#0;the&#0;Letters        of&#0;Credit,&#0;the&#0;Commitments&#0;and&#0;this&#0;Agreement&#0;is&#0;a&#0;fiduciary&#0;under&#0;ERISA&#0;or&#0;the&#0;Code,&#0;or&#0;both,        with&#0; respect&#0; to&#0; the&#0; Loans,&#0; the&#0; Letters&#0; of&#0; Credit,&#0; the&#0; Commitments&#0; and&#0; this&#0; Agreement&#0; and&#0; is        responsible&#0;for&#0;exercising&#0;independent&#0;judgment&#0;in&#0;evaluating&#0;the&#0;transactions&#0;hereunder&#0;&#0;and               (v&#0;    no&#0;fee&#0;or&#0;other&#0;compensation&#0;is&#0;being&#0;paid&#0;directly&#0;to&#0;the&#0;Administrative&#0;Agent,        or&#0; any&#0; Arranger&#0; or&#0; any&#0; their&#0; respective&#0; Affiliates&#0; for&#0; investment&#0; advice&#0; (as&#0; opposed&#0; to&#0; other        services&#0;&#0; in&#0; connection&#0; with&#0; the&#0; Loans,&#0; the&#0; Letters&#0; of&#0; Credit,&#0; the&#0; Commitments&#0; or&#0; this        Agreement.         (c&#0;   The&#0;Administrative&#0;Agent,&#0;and&#0;each&#0;Arranger&#0;hereby&#0;informs&#0;the&#0;Lenders&#0;that&#0;each&#0;such Person&#0;is&#0;not&#0;undertaking&#0;to&#0;provide&#0;impartial&#0;investment&#0;advice,&#0;or&#0;to&#0;give&#0;advice&#0;in&#0;a&#0;fiduciary&#0;capacity, in&#0;connection&#0;with&#0;the&#0;transactions&#0;contemplated&#0;hereby,&#0;and&#0;that&#0;such&#0;Person&#0;has&#0;a&#0;financial&#0;interest&#0;in the&#0;transactions&#0;contemplated&#0;hereby&#0;in&#0;that&#0;such&#0;Person&#0;or&#0;an&#0;Affiliate&#0;thereof&#0;(i&#0;&#0;may&#0;receive&#0;interest&#0;or other&#0;payments&#0;with&#0;respect&#0;to&#0;the&#0;Loans,&#0;the&#0;Letters&#0;of&#0;Credit,&#0;the&#0;Commitments&#0;and&#0;this&#0;Agreement,&#0;(ii&#0; may&#0;recogni&#0;e&#0;a&#0;gain&#0;if&#0;it&#0;extended&#0;the&#0;Loans,&#0;the&#0;Letters&#0;of&#0;Credit&#0;or&#0;the&#0;Commitments&#0;for&#0;an&#0;amount less&#0;than&#0;the&#0;amount&#0;being&#0;paid&#0;for&#0;an&#0;interest&#0;in&#0;the&#0;Loans,&#0;the&#0;Letters&#0;of&#0;Credit&#0;or&#0;the&#0;Commitments&#0;by such&#0;Lender&#0;or&#0;(iii&#0;&#0;may&#0;receive&#0;fees&#0;or&#0;other&#0;payments&#0;in&#0;connection&#0;with&#0;the&#0;transactions&#0;contemplated                                            109

 

Party&#0;or&#0;any&#0;of&#0;its&#0;Subsidiaries&#0;may&#0;have&#0;conflicting&#0;interests&#0;regarding&#0;the&#0;transactions&#0;described&#0;herein and&#0;otherwise.&#0;&#0;No&#0;Credit&#0;Party&#0;will&#0;use&#0;confidential&#0;information&#0;obtained&#0;from&#0;the&#0;Loan&#0;Party&#0;by&#0;virtue of&#0;the&#0;transactions&#0;contemplated&#0;by&#0;the&#0;Loan&#0;Documents&#0;or&#0;its&#0;other&#0;relationships&#0;with&#0;the&#0;Loan&#0;Party&#0;in connection&#0; with&#0; the&#0; performance&#0; by&#0;such&#0;Credit&#0;Party&#0;of&#0; services&#0;for&#0;other&#0;companies,&#0;and&#0;no&#0; Credit Party&#0;will&#0;furnish&#0;any&#0;such&#0;information&#0;to&#0;other&#0;companies.&#0;&#0;Each&#0;Loan&#0;Party&#0;also&#0;acknowledges&#0;that&#0;no Credit&#0; Party&#0; has&#0; any&#0; obligation&#0; to&#0; use&#0; in&#0; connection&#0; with&#0; the&#0; transactions&#0; contemplated&#0; by&#0; the&#0; Loan Documents,&#0;or&#0;to&#0;furnish&#0;to&#0;such&#0;Loan&#0;Party&#0;or&#0;any&#0;of&#0;its&#0;Subsidiaries,&#0;confidential&#0;information&#0;obtained from&#0;other&#0;companies.         SECTION&#0;9.16 Acknowledgement&#0; and&#0; Consent&#0; to&#0; Bail-In&#0; of&#0; EEA&#0; Financial&#0; Institutions. Notwithstanding&#0;anything&#0;to&#0;the&#0;contrary&#0;in&#0;any&#0;Loan&#0;Document&#0;or&#0;in&#0;any&#0;other&#0;agreement,&#0;arrangement or&#0;understanding&#0;among&#0;any&#0;such&#0;parties,&#0;each&#0;party&#0;hereto&#0;acknowledges&#0;that&#0;any&#0;liability&#0;of&#0;any&#0;EEA Financial&#0; Institution&#0; arising&#0; under&#0; any&#0; Loan&#0; Document&#0; may&#0; be&#0; subject&#0; to&#0; the&#0; Write-Down&#0; and Conversion&#0;Powers&#0;of&#0;an&#0;EEA&#0;Resolution&#0;Authority&#0;and&#0;agrees&#0;and&#0;consents&#0;to,&#0;and&#0;acknowledges&#0;and agrees&#0;to&#0;be&#0;bound&#0;by:         (a&#0;   the&#0; application&#0; of&#0; any&#0; Write-Down&#0; and&#0; Conversion&#0; Powers&#0; by&#0; an&#0; EEA&#0; Resolution Authority&#0;to&#0;any&#0;such&#0;liabilities&#0;arising&#0;hereunder&#0;which&#0;may&#0;be&#0;payable&#0;to&#0;it&#0;by&#0;any&#0;party&#0;hereto&#0;that&#0;is an&#0;EEA&#0;Financial&#0;Institution&#0;&#0;and         (b&#0;   the&#0;effects&#0;of&#0;any&#0;Bail-In&#0;Action&#0;on&#0;any&#0;such&#0;liability,&#0;including,&#0;if&#0;applicable:               (i&#0;    a&#0;reduction&#0;in&#0;full&#0;or&#0;in&#0;part&#0;or&#0;cancellation&#0;of&#0;any&#0;such&#0;liability&#0;               (ii&#0;   a&#0;conversion&#0;of&#0;all,&#0;or&#0;a&#0;portion&#0;of,&#0;such&#0;liability&#0;into&#0;shares&#0;or&#0;other&#0;instruments        of&#0;ownership&#0;in&#0;such&#0;EEA&#0;Financial&#0;Institution,&#0;its&#0;parent&#0;entity,&#0;or&#0;a&#0;bridge&#0;institution&#0;that&#0;may        be&#0;issued&#0;to&#0;it&#0;or&#0;otherwise&#0;conferred&#0;on&#0;it,&#0;and&#0;that&#0;such&#0;shares&#0;or&#0;other&#0;instruments&#0;of&#0;ownership        will&#0;be&#0;accepted&#0;by&#0;it&#0;in&#0;lieu&#0;of&#0;any&#0;rights&#0;with&#0;respect&#0;to&#0;any&#0;such&#0;liability&#0;under&#0;this&#0;Agreement        or&#0;any&#0;other&#0;Loan&#0;Document&#0;&#0;or               (iii&#0;  the&#0;variation&#0;of&#0;the&#0;terms&#0;of&#0;such&#0;liability&#0;in&#0;connection&#0;with&#0;the&#0;exercise&#0;of&#0;the        Write-Down&#0;and&#0;Conversion&#0;Powers&#0;of&#0;any&#0;EEA&#0;Resolution&#0;Authority.         SECTION&#0;9.17 Confirmation&#0; of&#0; Lender&#0;s&#0; Status&#0; as&#0; Swiss&#0; Qualifying&#0; Lender.&#0; Each&#0; Lender represents&#0;and&#0;warrants&#0;to&#0;the&#0;Loan&#0;Parties&#0;that,&#0;on&#0;the&#0;date&#0;of&#0;this&#0;Agreement&#0;(or,&#0;if&#0;later,&#0;the&#0;date&#0;such Lender&#0;becomes&#0;a&#0;party&#0;hereto&#0;,&#0;unless&#0;notified&#0;in&#0;writing&#0;to&#0;the&#0;Company&#0;and&#0;the&#0;Administrative&#0;Agent prior&#0;to&#0;the&#0;Effective&#0;Date&#0;(or&#0;such&#0;later&#0;date&#0;,&#0;it&#0;is&#0;a&#0;Swiss&#0;Qualifying&#0;Lender&#0;and&#0;has&#0;not&#0;entered&#0;into&#0;a participation&#0;arrangement&#0;with&#0;respect&#0;to&#0;this&#0;Agreement&#0;with&#0;any&#0;Person&#0;that&#0;is&#0;a&#0;Swiss&#0;Non-Qualifying Lender.&#0; &#0; Any&#0; Person&#0; that&#0; shall&#0; become&#0; a&#0; successor,&#0; assign&#0; or&#0; Participant&#0; with&#0; respect&#0; to&#0; any&#0; Lender pursuant&#0; to&#0; this&#0; Agreement&#0; shall&#0; be&#0; deemed&#0; to&#0; have&#0; represented&#0; and&#0; warranted&#0; that&#0; it&#0; is&#0; a&#0; Swiss Qualifying&#0;Lender&#0;and&#0;has&#0;not&#0;entered&#0;into&#0;a&#0;participation&#0;arrangement&#0;with&#0;respect&#0;to&#0;this&#0;Agreement with&#0;any&#0;Person&#0;that&#0;is&#0;a&#0;Swiss&#0;Non-Qualifying&#0;Lender&#0;or,&#0;if&#0;not,&#0;such&#0;Person&#0;accounts&#0;as&#0;one&#0;single creditor&#0;for&#0;purposes&#0;of&#0;the&#0;Swiss&#0;Non-Bank&#0;Rules.&#0;&#0;Each&#0;Lender&#0;shall&#0;promptly&#0;notify&#0;the&#0;Company&#0;and the&#0;Administrative&#0;Agent&#0;if&#0;for&#0;any&#0;reason&#0;it&#0;ceases&#0;to&#0;be&#0;a&#0;Swiss&#0;Qualifying&#0;Lender&#0;and/or&#0;it&#0;enters&#0;into&#0;a participation&#0;arrangement&#0;with&#0;respect&#0;to&#0;this&#0;Agreement&#0;with&#0;any&#0;Person&#0;that&#0;is&#0;a&#0;Swiss&#0;Non-Qualifying Lender.         SECTION&#0;9.18Acknowledgement&#0;Regarding&#0;Supported&#0;QFCs.&#0;&#0;To&#0;the&#0;extent&#0;that&#0;the&#0;Loan Documents&#0;provide&#0;support,&#0;through&#0;a&#0;guarantee&#0;or&#0;otherwise,&#0;for&#0;Swap&#0;Agreements&#0;or&#0;any&#0;other agreement&#0;or&#0;instrument&#0;that&#0;is&#0;a&#0;QFC&#0;(such&#0;support&#0;“QFC&#0;Credit&#0;Support&#0;&#0;and&#0;each&#0;such&#0;QFC&#0;a “Supported&#0; QFC&#0;&#0;,&#0; the&#0; parties&#0; acknowledge&#0; and&#0; agree&#0; as&#0; follows&#0; with&#0; respect&#0; to&#0; the&#0; resolution                                            126

 

power&#0;of&#0;the&#0;Federal&#0;Deposit&#0;Insurance&#0;Corporation&#0;under&#0;the&#0;Federal&#0;Deposit&#0;Insurance&#0;Act&#0;and Title&#0;II&#0;of&#0;the&#0;Dodd-Frank&#0;Wall&#0;Street&#0;Reform&#0;and&#0;Consumer&#0;Protection&#0;Act&#0;(together&#0;with&#0;the regulations&#0; promulgated&#0; thereunder,&#0; the&#0; “U.S.&#0; Special&#0; Resolution&#0; Regimes&#0;&#0;&#0; in&#0; respect&#0; of&#0; such Supported&#0;QFC&#0;and&#0;QFC&#0;Credit&#0;Support&#0;(with&#0;the&#0;provisions&#0;below&#0;applicable&#0;notwithstanding that&#0;the&#0;Loan&#0;Documents&#0;and&#0;any&#0;Supported&#0;QFC&#0;may&#0;in&#0;fact&#0;be&#0;stated&#0;to&#0;be&#0;governed&#0;by&#0;the&#0;laws of&#0;the&#0;State&#0;of&#0;New&#0;&#0;ork&#0;and/or&#0;of&#0;the&#0;United&#0;States&#0;or&#0;any&#0;other&#0;state&#0;of&#0;the&#0;United&#0;States&#0;:         In&#0;the&#0;event&#0;a&#0;Covered&#0;Entity&#0;that&#0;is&#0;party&#0;to&#0;a&#0;Supported&#0;QFC&#0;(each,&#0;a&#0;“Covered&#0;Party&#0;&#0; becomes&#0; subject&#0; to&#0; a&#0; proceeding&#0; under&#0; a&#0; U.S.&#0; Special&#0; Resolution&#0; Regime,&#0; the&#0; transfer&#0; of&#0; such Supported&#0;QFC&#0;and&#0;the&#0;benefit&#0;of&#0;such&#0;QFC&#0;Credit&#0;Support&#0;(and&#0;any&#0;interest&#0;and&#0;obligation&#0;in&#0;or under&#0;such&#0;Supported&#0;QFC&#0;and&#0;such&#0;QFC&#0;Credit&#0;Support,&#0;and&#0;any&#0;rights&#0;in&#0;property&#0;securing such&#0;Supported&#0;QFC&#0;or&#0;such&#0;QFC&#0;Credit&#0;Support&#0;&#0;from&#0;such&#0;Covered&#0;Party&#0;will&#0;be&#0;effective&#0;to&#0;the same&#0; extent&#0; as&#0; the&#0; transfer&#0; would&#0; be&#0; effective&#0; under&#0; the&#0; U.S.&#0; Special&#0; Resolution&#0; Regime&#0; if&#0; the Supported&#0; QFC&#0; and&#0; such&#0; QFC&#0; Credit&#0; Support&#0; (and&#0; any&#0; such&#0; interest,&#0; obligation&#0; and&#0; rights&#0; in property&#0;&#0;were&#0;governed&#0;by&#0;the&#0;laws&#0;of&#0;the&#0;United&#0;States&#0;or&#0;a&#0;state&#0;of&#0;the&#0;United&#0;States.&#0;In&#0;the event&#0;a&#0;Covered&#0;Party&#0;or&#0;a&#0;BHC&#0;Act&#0;Affiliate&#0;of&#0;a&#0;Covered&#0;Party&#0;becomes&#0;subject&#0;to&#0;a&#0;proceeding under&#0; a&#0; U.S.&#0; Special&#0; Resolution&#0; Regime,&#0; Default&#0; Rights&#0; under&#0; the&#0; Loan&#0; Documents&#0; that&#0; might otherwise&#0;apply&#0;to&#0;such&#0;Supported&#0;QFC&#0;or&#0;any&#0;QFC&#0;Credit&#0;Support&#0;that&#0;may&#0;be&#0;exercised&#0;against such&#0;Covered&#0;Party&#0;are&#0;permitted&#0;to&#0;be&#0;exercised&#0;to&#0;no&#0;greater&#0;extent&#0;than&#0;such&#0;Default&#0;Rights could&#0;be&#0;exercised&#0;under&#0;the&#0;U.S.&#0;Special&#0;Resolution&#0;Regime&#0;if&#0;the&#0;Supported&#0;QFC&#0;and&#0;the&#0;Loan Documents&#0;were&#0;governed&#0;by&#0;the&#0;laws&#0;of&#0;the&#0;United&#0;States&#0;or&#0;a&#0;state&#0;of&#0;the&#0;United&#0;States.&#0;Without limitation&#0;of&#0;the&#0;foregoing,&#0;it&#0;is&#0;understood&#0;and&#0;agreed&#0;that&#0;rights&#0;and&#0;remedies&#0;of&#0;the&#0;parties&#0;with respect&#0;to&#0;a&#0;Defaulting&#0;Lender&#0;shall&#0;in&#0;no&#0;event&#0;affect&#0;the&#0;rights&#0;of&#0;any&#0;Covered&#0;Party&#0;with&#0;respect to&#0;a&#0;Supported&#0;QFC&#0;or&#0;any&#0;QFC&#0;Credit&#0;Support.                                         ARTICLE&#0;X.                                   PARENT&#0;GUARANTEE         In&#0; order&#0; to&#0; induce&#0; the&#0; Lenders&#0; to&#0; extend&#0; credit&#0; to&#0; the&#0; Borrowers&#0; hereunder&#0; or&#0; to&#0; any&#0; of&#0; the Parent&#0;s&#0;Subsidiaries&#0;under&#0;Hedging&#0;Agreements&#0;and&#0;Banking&#0;Services&#0;Agreements,&#0;and&#0;for&#0;other&#0;good and&#0;valuable&#0;consideration&#0;(the&#0;receipt&#0;and&#0;sufficiency&#0;of&#0;which&#0;are&#0;hereby&#0;acknowledged&#0;&#0;the&#0;Parent hereby&#0;irrevocably&#0;and&#0;unconditionally&#0;guarantees,&#0;as&#0;a&#0;primary&#0;obligor&#0;and&#0;not&#0;merely&#0;as&#0;a&#0;surety,&#0;the payment&#0;when&#0;and&#0;as&#0;due,&#0;subject&#0;to&#0;the&#0;notice&#0;provisions&#0;contained&#0;in&#0;this&#0;Article&#0;X,&#0;of&#0;the&#0;Obligations and&#0;the&#0;Specified&#0;Ancillary&#0;Obligations&#0;(collectively,&#0;the&#0;“Guaranteed&#0;Obligations&#0;&#0;.&#0;&#0;The&#0;Parent&#0;further agrees&#0;that&#0;the&#0;due&#0;and&#0;punctual&#0;payment&#0;of&#0;such&#0;Guaranteed&#0;Obligations&#0;may&#0;be&#0;extended&#0;or&#0;renewed,&#0;in whole&#0; or&#0; in&#0; part,&#0; without&#0; notice&#0; to&#0; or&#0; further&#0; assent&#0; from&#0; it,&#0; and&#0; that&#0; it&#0; will&#0; remain&#0; bound&#0; upon&#0; its guarantee&#0;hereunder&#0;notwithstanding&#0;any&#0;such&#0;extension&#0;or&#0;renewal&#0;of&#0;any&#0;such&#0;Guaranteed&#0;Obligation. For&#0;the&#0;avoidance&#0;of&#0;doubt&#0;and&#0;notwithstanding&#0;any&#0;provision&#0;hereof&#0;to&#0;the&#0;contrary,&#0;(i&#0;&#0;the&#0;Guaranteed Obligations&#0; shall&#0; in&#0; no&#0; event&#0; be&#0; broader&#0; than&#0; the&#0; performance&#0;of&#0;the&#0; related&#0; Obligations&#0; or&#0; Specified Ancillary&#0;Obligations&#0;in&#0;accordance&#0;with&#0;their&#0;terms&#0;and&#0;(ii&#0;&#0;nothing&#0;contained&#0;in&#0;this&#0;Article&#0;X&#0;shall affect&#0; or&#0; otherwise&#0; impair&#0; any&#0; rights&#0; (including&#0; rights&#0; of&#0; setoff&#0; or&#0; counterclaim&#0;&#0; that&#0; the&#0; applicable Borrower&#0; or&#0; Subsidiary&#0; may&#0; have&#0; against&#0; any&#0; holder&#0; of&#0; Guaranteed&#0; Obligation&#0; under&#0; the&#0; applicable Hedging&#0;Agreement&#0;and/or&#0;Banking&#0;Services&#0;Agreement,&#0;as&#0;applicable,&#0;by&#0;reason&#0;of&#0;any&#0;action&#0;or&#0;failure to&#0;act&#0;of&#0;such&#0;holder&#0;thereunder&#0;(including,&#0;without&#0;limitation,&#0;any&#0;breach&#0;or&#0;default&#0;of&#0;such&#0;holder&#0;under the&#0;related&#0;Hedging&#0;Agreement&#0;or&#0;Banking&#0;Services&#0;Agreement&#0;.         The&#0;Parent&#0;waives&#0;presentment&#0;to,&#0;demand&#0;of&#0;payment&#0;from&#0;and&#0;protest&#0;to&#0;any&#0;Subsidiary&#0;of&#0;any of&#0; the&#0; Guaranteed&#0; Obligations,&#0; and&#0; also&#0; waives,&#0; other&#0; than&#0; as&#0; set&#0; forth&#0; in&#0; this&#0; Article&#0; X,&#0; notice&#0; of acceptance&#0;of&#0;its&#0;obligations&#0;and&#0;notice&#0;of&#0;protest&#0;for&#0;nonpayment.&#0;&#0;The&#0;obligations&#0;of&#0;the&#0;Parent&#0;under this&#0;Article&#0;X&#0;shall&#0;not&#0;be&#0;affected&#0;by:&#0;(a&#0;&#0;the&#0;failure&#0;of&#0;the&#0;Administrative&#0;Agent,&#0;any&#0;Issuing&#0;Bank&#0;or                                            127

 

                                 SCHEDULE&#0;2.01                                   COMMITMENTS                     LENDER                          REVOLVING           TERM&#0;LOAN                                                   COMMITMENT          COMMITMENT  JPMORGAN&#0;CHASE&#0;BANK,&#0;N.A.                            $62,231,332.36      $25,768,667.64  BANK&#0;OF&#0;AMERICA,&#0;N.A.                                $62,231,332.36      $25,768,667.64  THEMUFG&#0;BANK&#0;OF&#0;TOK&#0;O-MITSUBISHI&#0;UFJ,                $62,231,332.36      $25,768,667.64 LTD.  CITIBANK,&#0;N.A.                                       $62,231,332.36      $25,768,667.64  U.S.&#0;BANK&#0;NATIONAL&#0;ASSOCIATION                       $62,231,332.36      $25,768,667.64  GOLDMAN&#0;SACHS&#0;BANK&#0;USA                               $58,500,000.00              $0.00  WELLS&#0;FARGO&#0;BANK,&#0;NATIONAL&#0;ASSOCIATION               $41,369,692.53      $17,130,307.47  HSBC&#0;BANK&#0;USA,&#0;NATIONAL&#0;ASSOCIATION                  $41,369,692.53      $17,130,307.47  DEUTSCHE&#0;BANK&#0;AG&#0;NEW&#0;&#0;ORK&#0;BRANCH                     $58,500,000.00              $0.00  PNC&#0;BANK,&#0;NATIONAL&#0;ASSOCIATION                       $30,408,491.95      $12,591,508.05  BANK&#0;OF&#0;MONTREAL,&#0;LONDON&#0;BRANCH                      $30,408,491.95      $12,591,508.05  BANK&#0;OF&#0;CHINA,&#0;LOS&#0;ANGELES&#0;BRANCH                    $28,286,969.24      $11,713,030.76  AGGREGATE&#0;COMMITMENTS                                  &#0;600,000,000        &#0;200,000,000

 

                                   SCHEDULE&#0;2.05                                 SWINGLINE&#0;SUBLIMITS                               LENDER                                    SWINGLINE                                                                         SUBLIMIT  JPMORGAN&#0;CHASE&#0;BANK,&#0;N.A.                                                   $15,000,000  BANK&#0;OF&#0;AMERICA,&#0;N.A.                                                       $15,000,000  THEMUFG&#0;BANK&#0;OF&#0;TOK&#0;O-MITSUBISHI&#0;UFJ,&#0;LTD.                                  $15,000,000  CITIBANK,&#0;N.A.                                                              $15,000,000  U.S.&#0;BANK&#0;NATIONAL&#0;ASSOCIATION                                              $15,000,000

 

                                      EXHIBIT&#0;A                         FORM&#0;OF&#0;ASSIGNMENT&#0;AND&#0;ASSUMPTION         This&#0;Assignment&#0;and&#0;Assumption&#0;(the&#0;“Assignment&#0;and&#0;Assumption&#0;&#0;&#0;is&#0;dated&#0;as&#0;of&#0;the&#0;Effective Date&#0;set&#0;forth&#0;below&#0;and&#0;is&#0;entered&#0;into&#0;by&#0;and&#0;between&#0;[Insert name of Assignor&#0;&#0;(the&#0;“Assignor&#0;&#0;&#0;and [Insert name of Assignee&#0;&#0;(the&#0;“Assignee&#0;&#0;.&#0;&#0;Capitali&#0;ed&#0;terms&#0;used&#0;but&#0;not&#0;defined&#0;herein&#0;shall&#0;have&#0;the meanings&#0;given&#0;to&#0;them&#0;in&#0;the&#0;Credit&#0;Agreement&#0;identified&#0;below&#0;(as&#0;amended,&#0;restated,&#0;supplemented&#0;or otherwise&#0; modified&#0; from&#0; time&#0; to&#0; time,&#0; the&#0; “Credit&#0;Agreement&#0;&#0;,&#0; receipt&#0;of&#0; a&#0; copy&#0; of&#0;which&#0; is&#0; hereby acknowledged&#0;by&#0;the&#0;Assignee.&#0;&#0;The&#0;Standard&#0;Terms&#0;and&#0;Conditions&#0;set&#0;forth&#0;in&#0;Annex&#0;1&#0;attached&#0;hereto are&#0; hereby&#0; agreed&#0; to&#0; and&#0; incorporated&#0; herein&#0; by&#0; reference&#0; and&#0; made&#0; a&#0; part&#0; of&#0; this&#0; Assignment&#0; and Assumption&#0;as&#0;if&#0;set&#0;forth&#0;herein&#0;in&#0;full.         For&#0;an&#0;agreed&#0;consideration,&#0;the&#0;Assignor&#0;hereby&#0;irrevocably&#0;sells&#0;and&#0;assigns&#0;to&#0;the&#0;Assignee, and&#0; the&#0; Assignee&#0; hereby&#0; irrevocably&#0; purchases&#0; and&#0; assumes&#0; from&#0; the&#0; Assignor,&#0; subject&#0; to&#0; and&#0; in accordance&#0;with&#0;the&#0;Standard&#0;Terms&#0;and&#0;Conditions&#0;and&#0;the&#0;Credit&#0;Agreement,&#0;as&#0;of&#0;the&#0;Effective&#0;Date inserted&#0; by&#0; the&#0; Administrative&#0; Agent&#0; as&#0; contemplated&#0; below&#0; (i&#0;&#0; all&#0; of&#0; the&#0; Assignor&#0;s&#0; rights&#0; and obligations&#0; in&#0; its&#0; capacity&#0; as&#0; a&#0; Lender&#0; under&#0; the&#0; Credit&#0; Agreement&#0; and&#0; any&#0; other&#0; documents&#0; or instruments&#0; delivered&#0; pursuant&#0; thereto&#0; to&#0; the&#0; extent&#0; related&#0; to&#0; the&#0; amount&#0; and&#0; percentage&#0; interest identified&#0;below&#0;of&#0;all&#0;of&#0;such&#0;outstanding&#0;rights&#0;and&#0;obligations&#0;of&#0;the&#0;Assignor&#0;under&#0;the&#0;respective facilities&#0; identified&#0; below&#0; (including&#0; any&#0; letters&#0; of&#0; credit,&#0; guarantees,&#0; and&#0; swingline&#0; loans&#0; included&#0;in such&#0; facilities&#0;&#0; and&#0; (ii&#0;&#0; to&#0; the&#0; extent&#0; permitted&#0; to&#0; be&#0; assigned&#0; under&#0; applicable&#0; law,&#0; all&#0; claims,&#0; suits, causes&#0; of&#0;action&#0;and&#0; any&#0; other&#0; right&#0;of&#0; the&#0;Assignor&#0;(in&#0;its&#0;capacity&#0;as&#0; a&#0; Lender&#0;&#0; against&#0;any&#0;Person, whether&#0; known&#0; or&#0; unknown,&#0; arising&#0; under&#0; or&#0; in&#0; connection&#0; with&#0; the&#0; Credit&#0; Agreement,&#0; any&#0; other documents&#0;or&#0;instruments&#0;delivered&#0;pursuant&#0;thereto&#0;or&#0;the&#0;loan&#0;transactions&#0;governed&#0;thereby&#0;or&#0;in&#0;any way&#0;based&#0;on&#0;or&#0;related&#0;to&#0;any&#0;of&#0;the&#0;foregoing,&#0;including&#0;contract&#0;claims,&#0;tort&#0;claims,&#0;malpractice&#0;claims, statutory&#0;claims&#0; and&#0; all&#0; other&#0;claims&#0;at&#0;law&#0;or&#0;in&#0; equity&#0;related&#0;to&#0; the&#0; rights&#0;and&#0;obligations&#0;sold&#0; and assigned&#0;pursuant&#0;to&#0;clause&#0;(i&#0;&#0;above&#0;(the&#0;rights&#0;and&#0;obligations&#0;sold&#0;and&#0;assigned&#0;pursuant&#0;to&#0;clauses&#0;(i&#0; and&#0;(ii&#0;&#0;above&#0;being&#0;referred&#0;to&#0;herein&#0;collectively&#0;as&#0;the&#0;“Assigned&#0;Interest&#0;&#0;.&#0;&#0;Such&#0;sale&#0;and&#0;assignment is&#0;without&#0;recourse&#0;to&#0;the&#0;Assignor&#0;and,&#0;except&#0;as&#0;expressly&#0;provided&#0;in&#0;this&#0;Assignment&#0;and&#0;Assumption, without&#0;representation&#0;or&#0;warranty&#0;by&#0;the&#0;Assignor.   1.  Assignor:   2.  Assignee:                            [and&#0;is&#0;an&#0;Affiliate/Approved&#0;Fund&#0;of&#0;[identify&#0;Lender&#0;1&#0;   3.  Borrowers:             nVent&#0; Finance&#0; S.&#0;&#0; r.l.&#0; and&#0; Pentair&#0; Technical&#0; ProductsHoffman                             Schroff&#0;Holdings,&#0;Inc.   4.  Administrative&#0;Agent:  JPMorgan&#0; Chase&#0; Bank,&#0; N.A.,&#0; as&#0; the&#0; administrative&#0; agent&#0; under&#0; the                             Credit&#0;Agreement   5.  Credit&#0;Agreement:      The&#0;Credit&#0;Agreement&#0;dated&#0;as&#0;of&#0;March&#0;23,&#0;2018&#0;among&#0;nVent&#0;Finance                             S.&#0;&#0; r.l.,&#0; nVent&#0; Electric&#0; plc,&#0; Pentair&#0; Technical&#0; ProductsHoffman                             Schroff&#0;Holdings,&#0;Inc.,&#0;the&#0;other&#0;Affiliate&#0;Borrowers&#0;from&#0;time&#0;to&#0;time                             parties&#0;thereto,&#0;the&#0;Lenders&#0;parties&#0;thereto,&#0;JPMorgan&#0;Chase&#0;Bank,&#0;N.A.,                             as&#0;Administrative&#0;Agent,&#0;and&#0;the&#0;other&#0;agents&#0;parties&#0;thereto   6.  Assigned&#0;Interest:  1&#0;Select&#0;as&#0;applicable.

 

                                     EXHIBIT&#0;C-1                       FORM&#0;OF&#0;INCREASING&#0;LENDER&#0;SUPPLEMENT         INCREASING&#0; LENDER&#0; SUPPLEMENT,&#0; dated&#0; __________,&#0; 20___&#0; (this&#0; “Supplement&#0;&#0;,&#0; by and&#0; among&#0; each&#0; of&#0; the&#0; signatories&#0; hereto,&#0; to&#0; the&#0; Credit&#0; Agreement,&#0; dated&#0; as&#0; of&#0; March&#0; 23,&#0; 2018&#0; (as amended,&#0; restated,&#0; supplemented&#0; or&#0; otherwise&#0; modified&#0; from&#0; time&#0; to&#0; time,&#0; the&#0; “Credit&#0; Agreement&#0;&#0;, among&#0;nVent&#0;Finance&#0;S.&#0;&#0;r.l.,&#0;a&#0;Luxembourg&#0;private&#0;limited&#0;liability&#0;company&#0;(Société à responsabilité limitée&#0;,&#0;having&#0;its&#0;registered&#0;office&#0;at&#0;26,&#0;boulevard&#0;Royal,&#0;L-2449&#0;Luxembourg&#0;and&#0;registered&#0;with&#0;the Luxembourg&#0; Trade&#0; and&#0; Companies&#0; Register&#0; (R.C.S.  Luxembourg&#0;&#0; under&#0; number&#0; B&#0; 219846&#0; (the “Company&#0;&#0;,&#0;nVent&#0;Electric&#0;plc&#0;(the&#0;“Parent&#0;&#0;,&#0;Pentair&#0;Technical&#0;ProductsHoffman&#0;Schroff&#0;Holdings, Inc.&#0;(the&#0;“Initial&#0;Affiliate&#0;Borrower&#0;&#0;,&#0;the&#0;other&#0;Affiliate&#0;Borrowers&#0;from&#0;time&#0;to&#0;time&#0;party&#0;thereto,&#0;the Lenders&#0; party&#0;thereto&#0;and&#0;JPMorgan&#0; Chase&#0;Bank,&#0;N.A.,&#0;as&#0;administrative&#0;agent&#0;(in&#0;such&#0;capacity,&#0;the “Administrative&#0;Agent&#0;&#0;.                                     W&#0;I&#0;T&#0;N&#0;E&#0;S&#0;S&#0;E&#0;T&#0;H         WHEREAS,&#0; pursuant&#0; to&#0; Section&#0;2.20&#0; of&#0; the&#0; Credit&#0; Agreement,&#0; the&#0; Company&#0; has&#0; the&#0; right, subject&#0;to&#0;the&#0;terms&#0;and&#0;conditions&#0;thereof,&#0;to&#0;effectuate&#0;from&#0;time&#0;to&#0;time&#0;an&#0;increase&#0;in&#0;the&#0;aggregate Revolving&#0; Commitments&#0; and/or&#0; one&#0; or&#0; more&#0; tranches&#0; of&#0; Incremental&#0; Term&#0; Loans&#0; under&#0; the&#0; Credit Agreement&#0; by&#0; requesting&#0; one&#0; or&#0; more&#0; Lenders&#0; to&#0; increase&#0; the&#0; amount&#0; of&#0; its&#0; Revolving&#0; Commitment and/or&#0;to&#0;participate&#0;in&#0;such&#0;a&#0;tranche&#0;         WHEREAS,&#0; the&#0; Company&#0; has&#0; given&#0; notice&#0; to&#0; the&#0; Administrative&#0; Agent&#0; of&#0; its&#0; intention&#0; to [increase&#0;the&#0;aggregate&#0;Revolving&#0;Commitments&#0;&#0;[and&#0;&#0;[enter&#0;into&#0;a&#0;tranche&#0;of&#0;Incremental&#0;Term&#0;Loans&#0; pursuant&#0;to&#0;such&#0;Section&#0;2.20&#0;&#0;and         WHEREAS,&#0; pursuant&#0; to&#0; Section&#0;2.20&#0; of&#0; the&#0; Credit&#0; Agreement,&#0; the&#0; undersigned&#0; Increasing Lender&#0;now&#0;desires&#0;to&#0;[increase&#0;the&#0;amount&#0;of&#0;its&#0;Revolving&#0;Commitment&#0;&#0;[and&#0;&#0;[participate&#0;in&#0;a&#0;tranche of&#0;Incremental&#0;Term&#0;Loans&#0;&#0;under&#0;the&#0;Credit&#0;Agreement&#0;by&#0;executing&#0;and&#0;delivering&#0;to&#0;the&#0;Company&#0;and the&#0;Administrative&#0;Agent&#0;this&#0;Supplement&#0;         NOW,&#0;THEREFORE,&#0;each&#0;of&#0;the&#0;parties&#0;hereto&#0;hereby&#0;agrees&#0;as&#0;follows:         1.    The&#0; undersigned&#0; Increasing&#0; Lender&#0; agrees,&#0; subject&#0; to&#0; the&#0; terms&#0; and&#0; conditions&#0; of&#0; the Credit&#0;Agreement,&#0;that&#0;on&#0;the&#0;date&#0;of&#0;this&#0;Supplement&#0;it&#0;shall&#0;[have&#0;its&#0;Revolving&#0;Commitment&#0;increased by&#0;$[__________&#0;,&#0;thereby&#0;making&#0;the&#0;aggregate&#0;amount&#0;of&#0;its&#0;total&#0;Revolving&#0;Commitments&#0;equal&#0;to $[__________&#0;&#0;&#0;[and&#0;&#0;[participate&#0;in&#0;a&#0;tranche&#0;of&#0;Incremental&#0;Term&#0;Loans&#0;with&#0;a&#0;commitment&#0;amount equal&#0;to&#0;$[__________&#0;&#0;with&#0;respect&#0;thereto&#0;.         [[__&#0;.&#0;&#0;The&#0;undersigned&#0;Increasing&#0;Lender&#0;confirms&#0;for&#0;the&#0;benefit&#0;of&#0;the&#0;Administrative&#0;Agent and&#0;the&#0;Loan&#0;Parties&#0;but&#0;without&#0;liability&#0;to&#0;any&#0;Loan&#0;Party,&#0;that&#0;it&#0;is&#0;[not&#0;a&#0;UK&#0;Qualifying&#0;Lender&#0;&#0;[a&#0;UK Qualifying&#0;Lender&#0;(other&#0;than&#0;a&#0;UK&#0;Treaty&#0;Lender&#0;&#0;&#0;[(a&#0;UK&#0;Treaty&#0;Lender&#0;.&#0;10         [[__&#0;.&#0; &#0; The&#0; undersigned&#0; Increasing&#0; Lender&#0; confirms&#0; that&#0; the&#0; person&#0; beneficially&#0; entitled&#0; to interest&#0;payable&#0;to&#0;that&#0;Increasing&#0;Lender&#0;in&#0;respect&#0;of&#0;an&#0;advance&#0;under&#0;a&#0;Loan&#0;Document&#0;is&#0;either&#0;(a&#0;&#0;a company&#0; resident&#0; in&#0; the&#0; United&#0;Kingdom&#0;for&#0; United&#0; Kingdom&#0; tax&#0; purposes&#0; or&#0; (b&#0;&#0;a&#0; partnership&#0; each member&#0;of&#0;which&#0;is&#0;(i&#0;&#0;a&#0;company&#0;so&#0;resident&#0;in&#0;the&#0;United&#0;Kingdom&#0;or&#0;(ii&#0;&#0;a&#0;company&#0;not&#0;so&#0;resident&#0;in the&#0;United&#0;Kingdom&#0;which&#0;carries&#0;on&#0;a&#0;trade&#0;in&#0;the&#0;United&#0;Kingdom&#0;through&#0;a&#0;permanent&#0;establishment and&#0;which&#0;brings&#0;into&#0;account&#0;in&#0;computing&#0;its&#0;chargeable&#0;profits&#0;(within&#0;the&#0;meaning&#0;of&#0;section&#0;19&#0;of&#0;the  10&#0;Delete&#0;as&#0;applicable&#0;&#0;&#0;each&#0;Increasing&#0;Lender&#0;is&#0;required&#0;to&#0;confirm&#0;which&#0;of&#0;these&#0;three&#0;categories&#0;it&#0;falls&#0;within.

 

                                     EXHIBIT&#0;C-2                       FORM&#0;OF&#0;AUGMENTING&#0;LENDER&#0;SUPPLEMENT         AUGMENTING&#0;LENDER&#0;SUPPLEMENT,&#0;dated&#0;__________,&#0;20___&#0;(this&#0;“Supplement&#0;&#0;,&#0;by and&#0; among&#0; each&#0; of&#0; the&#0; signatories&#0; hereto,&#0; to&#0; the&#0; Credit&#0; Agreement,&#0; dated&#0; as&#0; of&#0; March&#0; 23,&#0; 2018&#0; (as amended,&#0; restated,&#0; supplemented&#0; or&#0; otherwise&#0; modified&#0; from&#0; time&#0; to&#0; time,&#0; the&#0; “Credit&#0; Agreement&#0;&#0;, among&#0;nVent&#0;Finance&#0;S.&#0;&#0;r.l.,&#0;a&#0;Luxembourg&#0;private&#0;limited&#0;liability&#0;company&#0;(Société à responsabilité limitée&#0;,&#0;having&#0;its&#0;registered&#0;office&#0;at&#0;26,&#0;boulevard&#0;Royal,&#0;L-2449&#0;Luxembourg&#0;and&#0;registered&#0;with&#0;the Luxembourg&#0; Trade&#0; and&#0; Companies&#0; Register&#0; (R.C.S.  Luxembourg&#0;&#0; under&#0; number&#0; B&#0; 219846&#0; (the “Company&#0;&#0;,&#0;nVent&#0;Electric&#0;plc&#0;(the&#0;“Parent&#0;&#0;,&#0;Pentair&#0;Technical&#0;ProductsHoffman&#0;Schroff&#0;Holdings, Inc.&#0;(the&#0;“Initial&#0;Affiliate&#0;Borrower&#0;&#0;,&#0;the&#0;other&#0;Affiliate&#0;Borrowers&#0;from&#0;time&#0;to&#0;time&#0;party&#0;thereto,&#0;the Lenders&#0; party&#0;thereto&#0;and&#0;JPMorgan&#0; Chase&#0;Bank,&#0;N.A.,&#0;as&#0;administrative&#0;agent&#0;(in&#0;such&#0;capacity,&#0;the “Administrative&#0;Agent&#0;&#0;.                                     W&#0;I&#0;T&#0;N&#0;E&#0;S&#0;S&#0;E&#0;T&#0;H         WHEREAS,&#0; the&#0; Credit&#0; Agreement&#0; provides&#0; in&#0; Section&#0;2.20&#0; thereof&#0; that&#0; any&#0; bank,&#0; financial institution&#0; or&#0; other&#0; entity&#0; may&#0; [extend&#0; Revolving&#0; Commitments&#0;&#0; [and&#0;&#0; [participate&#0; in&#0; tranches&#0; of Incremental&#0;Term&#0;Loans&#0;&#0;under&#0;the&#0;Credit&#0;Agreement&#0;subject&#0;to&#0;the&#0;approval&#0;of&#0;the&#0;Company&#0;and&#0;the Administrative&#0; Agent,&#0; by&#0; executing&#0; and&#0; delivering&#0; to&#0; the&#0; Company&#0; and&#0; the&#0; Administrative&#0; Agent&#0; a supplement&#0;to&#0;the&#0;Credit&#0;Agreement&#0;in&#0;substantially&#0;the&#0;form&#0;of&#0;this&#0;Supplement&#0;&#0;and         WHEREAS,&#0; the&#0; undersigned&#0; Augmenting&#0; Lender&#0; was&#0; not&#0; an&#0; original&#0; party&#0; to&#0; the&#0; Credit Agreement&#0;but&#0;now&#0;desires&#0;to&#0;become&#0;a&#0;party&#0;thereto&#0;         NOW,&#0;THEREFORE,&#0;each&#0;of&#0;the&#0;parties&#0;hereto&#0;hereby&#0;agrees&#0;as&#0;follows:         1.&#0; &#0; The&#0; undersigned&#0; Augmenting&#0; Lender&#0; agrees&#0; to&#0; be&#0; bound&#0; by&#0; the&#0; provisions&#0; of&#0; the&#0; Credit Agreement&#0;and&#0;agrees&#0;that&#0;it&#0;shall,&#0;on&#0;the&#0;date&#0;of&#0;this&#0;Supplement,&#0;become&#0;a&#0;Lender&#0;for&#0;all&#0;purposes&#0;of the&#0;Credit&#0;Agreement&#0;to&#0;the&#0;same&#0;extent&#0;as&#0;if&#0;originally&#0;a&#0;party&#0;thereto,&#0;with&#0;a&#0;[Revolving&#0;Commitment of&#0;$[__________&#0;&#0;&#0;[and&#0;&#0;[a&#0;commitment&#0;with&#0;respect&#0;to&#0;Incremental&#0;Term&#0;Loans&#0;of&#0;$[__________&#0;&#0;.         [[__&#0;.&#0;&#0;The&#0;undersigned&#0;Augmenting&#0;Lender&#0;confirms&#0;for&#0;the&#0;benefit&#0;of&#0;the&#0;Administrative&#0;Agent and&#0;the&#0;Loan&#0;Parties&#0;but&#0;without&#0;liability&#0;to&#0;any&#0;Loan&#0;Party,&#0;that&#0;it&#0;is&#0;[not&#0;a&#0;UK&#0;Qualifying&#0;Lender&#0;&#0;[a&#0;UK Qualifying&#0;Lender&#0;(other&#0;than&#0;a&#0;UK&#0;Treaty&#0;Lender&#0;&#0;&#0;[(a&#0;UK&#0;Treaty&#0;Lender&#0;.&#0;14         [[__&#0;.&#0; &#0; The&#0; undersigned&#0; Augmenting&#0; Lender&#0; confirms&#0; that&#0; the&#0; person&#0; beneficially&#0; entitled&#0; to interest&#0;payable&#0;to&#0;that&#0;Augmenting&#0;Lender&#0;in&#0;respect&#0;of&#0;an&#0;advance&#0;under&#0;a&#0;Loan&#0;Document&#0;is&#0;either&#0;(a&#0; a&#0;company&#0;resident&#0;in&#0;the&#0;United&#0;Kingdom&#0;for&#0;United&#0;Kingdom&#0;tax&#0;purposes&#0;or&#0;(b&#0;&#0;a&#0;partnership&#0;each member&#0;of&#0;which&#0;is&#0;(i&#0;&#0;a&#0;company&#0;so&#0;resident&#0;in&#0;the&#0;United&#0;Kingdom&#0;or&#0;(ii&#0;&#0;a&#0;company&#0;not&#0;so&#0;resident&#0;in the&#0;United&#0;Kingdom&#0;which&#0;carries&#0;on&#0;a&#0;trade&#0;in&#0;the&#0;United&#0;Kingdom&#0;through&#0;a&#0;permanent&#0;establishment and&#0;which&#0;brings&#0;into&#0;account&#0;in&#0;computing&#0;its&#0;chargeable&#0;profits&#0;(within&#0;the&#0;meaning&#0;of&#0;section&#0;19&#0;of&#0;the UK&#0;CTA&#0;2009&#0;&#0;the&#0;whole&#0;of&#0;any&#0;share&#0;of&#0;interest&#0;payable&#0;in&#0;respect&#0;of&#0;that&#0;advance&#0;that&#0;falls&#0;to&#0;it&#0;by reason&#0;of&#0;Part&#0;17&#0;of&#0;the&#0;UK&#0;CTA&#0;2009&#0;or&#0;(c&#0;&#0;a&#0;company&#0;not&#0;so&#0;resident&#0;in&#0;the&#0;United&#0;Kingdom&#0;which carries&#0; on&#0; a&#0; trade&#0; in&#0; the&#0; United&#0; Kingdom&#0; through&#0; a&#0; permanent&#0; establishment&#0; and&#0; which&#0; brings&#0; into   14&#0;Delete&#0;as&#0;applicable&#0;&#0;&#0;each&#0;Augmenting&#0;Lender&#0;is&#0;required&#0;to&#0;confirm&#0;which&#0;of&#0;these&#0;three&#0;categories&#0;it&#0;falls within.

 

                                     EXHIBIT&#0;D-1                                        [FORM&#0;OF&#0;                               REVOLVING&#0;CREDIT&#0;NOTE                                                                           March&#0;23,&#0;2018         FOR&#0; VALUE&#0; RECEIVED,&#0; the&#0; undersigned,&#0; [NVENT&#0; FINANCE&#0; S.&#0;&#0; R.L.,&#0; a&#0; Luxembourg private&#0; limited&#0; liability&#0; company&#0; (Société  à  responsabilité  limitée&#0;,&#0; having&#0; its&#0; registered&#0; office&#0; at&#0; 26, boulevard&#0; Royal,&#0; L-2449&#0; Luxembourg&#0; and&#0; registered&#0; with&#0; the&#0; Luxembourg&#0; Trade&#0; and&#0; Companies Register&#0; (R.C.S.  Luxembourg&#0;&#0;  under&#0; number&#0;   B&#0;  219846&#0;[PENTAIR&#0;    TECHNICAL PRODUCTSHOFFMAN&#0;SCHROFF&#0;HOLDINGS,&#0;INC.&#0;&#0;(the&#0;“Borrower&#0;&#0;,&#0;HEREB&#0;&#0;PROMISES&#0;TO PA&#0;&#0;TO&#0;[LENDER&#0;&#0;(the&#0;“Lender&#0;&#0;&#0;the&#0;outstanding&#0;principal&#0;balance&#0;of&#0;the&#0;Lender&#0;s&#0;Revolving&#0;Loans made&#0;to&#0;the&#0;Borrower,&#0;together&#0;with&#0;interest&#0;thereon,&#0;at&#0;the&#0;rate&#0;or&#0;rates,&#0;in&#0;the&#0;amounts&#0;and&#0;at&#0;the&#0;time&#0;or times&#0; set&#0; forth&#0; in&#0; the&#0; Credit&#0; Agreement&#0; (as&#0; the&#0; same&#0; may&#0; be&#0; amended,&#0; supplemented&#0; or&#0; otherwise modified&#0;from&#0;time&#0;to&#0;time,&#0;the&#0;“Credit&#0;Agreement&#0;&#0;,&#0;dated&#0;as&#0;of&#0;March&#0;23,&#0;2018,&#0;by&#0;and&#0;among&#0;nVent Finance&#0;S.&#0;&#0;r.l.,&#0;nVent&#0;Electric&#0;plc,&#0;Pentair&#0;Technical&#0;ProductsHoffman&#0;Schroff&#0;Holdings,&#0;Inc.,&#0;the other&#0;Affiliate&#0;Borrowers&#0;from&#0;time&#0;to&#0;time&#0;party&#0;thereto,&#0;the&#0;Lenders&#0;party&#0;thereto,&#0;the&#0;Documentation Agents,&#0;the&#0;Syndication&#0;Agents&#0;and&#0;JPMorgan&#0;Chase&#0;Bank,&#0;N.A.,&#0;as&#0;the&#0;Administrative&#0;Agent,&#0;in&#0;each case&#0;at&#0;such&#0;place&#0;as&#0;the&#0;Administrative&#0;Agent&#0;may&#0;specify&#0;from&#0;time&#0;to&#0;time,&#0;in&#0;lawful&#0;money&#0;of&#0;the United&#0;States&#0;in&#0;immediately&#0;available&#0;funds.         Capitali&#0;ed&#0;terms&#0;used&#0;herein&#0;which&#0;are&#0;not&#0;otherwise&#0;defined&#0;herein&#0;shall&#0;have&#0;the&#0;respective meanings&#0;ascribed&#0;thereto&#0;in&#0;the&#0;Credit&#0;Agreement.         The&#0;Revolving&#0;Loans&#0;evidenced&#0;by&#0;this&#0;Note&#0;are&#0;prepayable&#0;in&#0;the&#0;amounts,&#0;and&#0;on&#0;the&#0;dates,&#0;set forth&#0;in&#0;the&#0;Credit&#0;Agreement.&#0;&#0;This&#0;Note&#0;is&#0;one&#0;of&#0;the&#0;Notes&#0;under,&#0;and&#0;as&#0;such&#0;term&#0;is&#0;defined&#0;in,&#0;the Credit&#0;Agreement,&#0;and&#0;is&#0;subject&#0;to,&#0;and&#0;should&#0;be&#0;construed&#0;in&#0;accordance&#0;with,&#0;the&#0;provisions&#0;thereof, and&#0;is&#0;entitled&#0;to&#0;the&#0;benefits&#0;set&#0;forth&#0;in&#0;the&#0;Loan&#0;Documents.         The&#0;Lender&#0;is&#0;hereby&#0;authori&#0;ed&#0;to&#0;record&#0;on&#0;the&#0;schedule&#0;annexed&#0;hereto&#0;and&#0;any&#0;continuation sheets&#0;which&#0;the&#0;Lender&#0;may&#0;attach&#0;thereto&#0;(a&#0;&#0;the&#0;date&#0;and&#0;amount&#0;of&#0;each&#0;Revolving&#0;Loan&#0;made&#0;by such&#0;Lender,&#0;(b&#0;&#0;the&#0;character&#0;of&#0;each&#0;Revolving&#0;Loan&#0;as&#0;one&#0;or&#0;more&#0;ABR&#0;Borrowings,&#0;one&#0;or&#0;more Eurocurrency&#0; Borrowings,&#0; or&#0; a&#0; combination&#0; thereof,&#0; (c&#0;&#0; the&#0; Interest&#0; Period&#0; and&#0; Adjusted&#0; LIBO&#0; Rate applicable&#0;to&#0;each&#0;Eurocurrency&#0;Borrowing,&#0;and&#0;(d&#0;&#0;the&#0;date&#0;and&#0;amount&#0;of&#0;each&#0;conversion&#0;of,&#0;and&#0;each payment&#0;or&#0;prepayment&#0;of&#0;principal&#0;of,&#0;each&#0;Revolving&#0;Loan.&#0;&#0;No&#0;failure&#0;to&#0;so&#0;record&#0;nor&#0;any&#0;error&#0;in&#0;so recording&#0;shall&#0;affect&#0;the&#0;obligation&#0;of&#0;the&#0;Borrower&#0;to&#0;repay&#0;the&#0;Revolving&#0;Loans,&#0;together&#0;with&#0;interest thereon,&#0; as&#0; provided&#0;in&#0;the&#0; Credit&#0;Agreement,&#0;and&#0;the&#0;outstanding&#0;principal&#0;balance&#0;of&#0; the&#0; Revolving Loans&#0;as&#0;set&#0;forth&#0;in&#0;such&#0;schedule&#0;shall&#0;be&#0;prima&#0;facie&#0;evidence&#0;of&#0;the&#0;existence&#0;and&#0;amounts&#0;of&#0;the obligations&#0;recorded&#0;therein.         Except&#0;as&#0;specifically&#0;otherwise&#0;provided&#0;in&#0;the&#0;Credit&#0;Agreement,&#0;the&#0;Borrower&#0;hereby&#0;waives presentment,&#0;demand,&#0;notice&#0;of&#0;dishonor,&#0;protest,&#0;notice&#0;of&#0;protest&#0;and&#0;all&#0;other&#0;demands,&#0;protests&#0;and notices&#0;in&#0;connection&#0;with&#0;the&#0;execution,&#0;delivery,&#0;performance,&#0;collection&#0;and&#0;enforcement&#0;of&#0;this&#0;Note.         THIS&#0;NOTE&#0;SHALL&#0;BE&#0;CONSTRUED&#0;IN&#0;ACCORDANCE&#0;WITH&#0;AND&#0;GOVERNED&#0;B&#0; THE&#0;LAW&#0;OF&#0;THE&#0;STATE&#0;OF&#0;NEW&#0;&#0;ORK.                                          [NVENT&#0;FINANCE&#0;S.&#0;&#0;R.L.&#0;                                         [PENTAIR&#0;TECHNICAL&#0;PRODUCTS&#0;HOLDINGS,                                         HOFFMAN&#0;SCHROFF&#0;HOLDINGS,&#0;INC.&#0;

 

                                     EXHIBIT&#0;D-2                                        [FORM&#0;OF&#0;                                   TERM&#0;LOAN&#0;NOTE                                                                           March&#0;23,&#0;2018         FOR&#0; VALUE&#0; RECEIVED,&#0; the&#0; undersigned,&#0; NVENT&#0; FINANCE&#0; S.&#0;&#0; R.L.,&#0; a&#0; Luxembourg private&#0; limited&#0; liability&#0; company&#0; (Société  à  responsabilité  limitée&#0;,&#0; having&#0; its&#0; registered&#0; office&#0; at&#0; 26, boulevard&#0; Royal,&#0; L-2449&#0; Luxembourg&#0; and&#0; registered&#0; with&#0; the&#0; Luxembourg&#0; Trade&#0; and&#0; Companies Register&#0; (R.C.S.  Luxembourg&#0;&#0; under&#0; number&#0; B&#0; 219846&#0; (the&#0; “Borrower&#0;&#0;,&#0; HEREB&#0;&#0; PROMISES&#0; TO PA&#0;&#0;TO&#0;[LENDER&#0;&#0;(the&#0;“Lender&#0;&#0;&#0;the&#0;outstanding&#0;principal&#0;balance&#0;of&#0;the&#0;Lender&#0;s&#0;Term&#0;Loans&#0;made to&#0;the&#0;Borrower,&#0;together&#0;with&#0;interest&#0;thereon,&#0;at&#0;the&#0;rate&#0;or&#0;rates,&#0;in&#0;the&#0;amounts&#0;and&#0;at&#0;the&#0;time&#0;or&#0;times set&#0;forth&#0;in&#0;the&#0;Credit&#0;Agreement&#0;(as&#0;the&#0;same&#0;may&#0;be&#0;amended,&#0;supplemented&#0;or&#0;otherwise&#0;modified from&#0;time&#0;to&#0;time,&#0;the&#0;“Credit&#0;Agreement&#0;&#0;,&#0;dated&#0;as&#0;of&#0;March&#0;23,&#0;2018,&#0;by&#0;and&#0;among&#0;nVent&#0;Finance S.&#0;&#0; r.l.,&#0; nVent&#0; Electric&#0; plc,&#0; Pentair&#0; Technical&#0; ProductsHoffman&#0; Schroff&#0; Holdings,&#0; Inc.,&#0; the&#0; other Affiliate&#0;Borrowers&#0;from&#0;time&#0;to&#0;time&#0;party&#0;thereto,&#0;the&#0;Lenders&#0;party&#0;thereto,&#0;the&#0;Documentation&#0;Agents, the&#0;Syndication&#0;Agents&#0;and&#0;JPMorgan&#0;Chase&#0;Bank,&#0;N.A.,&#0;as&#0;the&#0;Administrative&#0;Agent,&#0;in&#0;each&#0;case&#0;at such&#0;place&#0;as&#0;the&#0;Administrative&#0;Agent&#0;may&#0;specify&#0;from&#0;time&#0;to&#0;time,&#0;in&#0;lawful&#0;money&#0;of&#0;the&#0;United States&#0;in&#0;immediately&#0;available&#0;funds.         Capitali&#0;ed&#0;terms&#0;used&#0;herein&#0;which&#0;are&#0;not&#0;otherwise&#0;defined&#0;herein&#0;shall&#0;have&#0;the&#0;respective meanings&#0;ascribed&#0;thereto&#0;in&#0;the&#0;Credit&#0;Agreement.         The&#0;Term&#0;Loans&#0;evidenced&#0;by&#0;this&#0;Note&#0;are&#0;prepayable&#0;in&#0;the&#0;amounts,&#0;and&#0;on&#0;the&#0;dates,&#0;set&#0;forth in&#0;the&#0;Credit&#0;Agreement.&#0;&#0;This&#0;Note&#0;is&#0;one&#0;of&#0;the&#0;Notes&#0;under,&#0;and&#0;as&#0;such&#0;term&#0;is&#0;defined&#0;in,&#0;the&#0;Credit Agreement,&#0;and&#0;is&#0;subject&#0;to,&#0;and&#0;should&#0;be&#0;construed&#0;in&#0;accordance&#0;with,&#0;the&#0;provisions&#0;thereof,&#0;and&#0;is entitled&#0;to&#0;the&#0;benefits&#0;set&#0;forth&#0;in&#0;the&#0;Loan&#0;Documents.         The&#0;Lender&#0;is&#0;hereby&#0;authori&#0;ed&#0;to&#0;record&#0;on&#0;the&#0;schedule&#0;annexed&#0;hereto&#0;and&#0;any&#0;continuation sheets&#0;which&#0;the&#0;Lender&#0;may&#0;attach&#0;thereto&#0;(a&#0;&#0;the&#0;date&#0;and&#0;amount&#0;of&#0;each&#0;Term&#0;Loan&#0;made&#0;by&#0;such Lender,&#0;(b&#0;&#0;the&#0;character&#0;of&#0;each&#0;Term&#0;Loan&#0;as&#0;one&#0;or&#0;more&#0;ABR&#0;Borrowings,&#0;one&#0;or&#0;more&#0;Eurocurrency Borrowings,&#0;or&#0;a&#0;combination&#0;thereof,&#0;(c&#0;&#0;the&#0;Interest&#0;Period&#0;and&#0;Adjusted&#0;LIBO&#0;Rate&#0;applicable&#0;to&#0;each Eurocurrency&#0; Borrowing,&#0; and&#0; (d&#0;&#0; the&#0; date&#0; and&#0; amount&#0; of&#0; each&#0; conversion&#0; of,&#0; and&#0; each&#0; payment&#0; or prepayment&#0;of&#0;principal&#0;of,&#0;each&#0;Term&#0;Loan.&#0;&#0;No&#0;failure&#0;to&#0;so&#0;record&#0;nor&#0;any&#0;error&#0;in&#0;so&#0;recording&#0;shall affect&#0;the&#0;obligation&#0;of&#0;the&#0;Borrower&#0;to&#0;repay&#0;the&#0;Term&#0;Loans,&#0;together&#0;with&#0;interest&#0;thereon,&#0;as&#0;provided in&#0;the&#0;Credit&#0;Agreement,&#0;and&#0;the&#0;outstanding&#0;principal&#0;balance&#0;of&#0;the&#0;Term&#0;Loans&#0;as&#0;set&#0;forth&#0;in&#0;such schedule&#0;shall&#0;be&#0;prima&#0;facie&#0;evidence&#0;of&#0;the&#0;existence&#0;and&#0;amounts&#0;of&#0;the&#0;obligations&#0;recorded&#0;therein.         Except&#0;as&#0;specifically&#0;otherwise&#0;provided&#0;in&#0;the&#0;Credit&#0;Agreement,&#0;the&#0;Borrower&#0;hereby&#0;waives presentment,&#0;demand,&#0;notice&#0;of&#0;dishonor,&#0;protest,&#0;notice&#0;of&#0;protest&#0;and&#0;all&#0;other&#0;demands,&#0;protests&#0;and notices&#0;in&#0;connection&#0;with&#0;the&#0;execution,&#0;delivery,&#0;performance,&#0;collection&#0;and&#0;enforcement&#0;of&#0;this&#0;Note.         THIS&#0;NOTE&#0;SHALL&#0;BE&#0;CONSTRUED&#0;IN&#0;ACCORDANCE&#0;WITH&#0;AND&#0;GOVERNED&#0;B&#0; THE&#0;LAW&#0;OF&#0;THE&#0;STATE&#0;OF&#0;NEW&#0;&#0;ORK.                                          NVENT&#0;FINANCE&#0;S.&#0;&#0;R.L.                                           By:                                         Name:                                         Title:

 

                                     EXHIBIT&#0;F-1                                        [FORM&#0;OF&#0;                          AFFILIATE&#0;BORROWING&#0;AGREEMENT         AFFILIATE&#0;BORROWING&#0;AGREEMENT&#0;dated&#0;as&#0;of&#0;[_____&#0;,&#0;among&#0;nVent&#0;Finance&#0;S.&#0;&#0;r.l.,&#0;a Luxembourg&#0; private&#0; limited&#0; liability&#0; company&#0; (Société  à  responsabilité  limitée&#0;,&#0; having&#0; its&#0; registered office&#0; at&#0; 26,&#0; boulevard&#0; Royal,&#0; L-2449&#0; Luxembourg&#0; and&#0; registered&#0; with&#0; the&#0; Luxembourg&#0; Trade&#0; and Companies&#0;Register&#0;(R.C.S. Luxembourg&#0;&#0;under&#0;number&#0;B&#0;219846&#0;(the&#0;“Company&#0;&#0;,&#0;nVent&#0;Electric&#0;plc, an&#0;Irish&#0;public&#0;limited&#0;company&#0;(the&#0;“Parent&#0;&#0;,&#0;[Name&#0;of&#0;Affiliate&#0;Borrower&#0;,&#0;a&#0;[__________&#0;&#0;(the&#0;“New Affiliate&#0; Borrower&#0;&#0;,&#0; and&#0; JPMorgan&#0; Chase&#0; Bank,&#0; N.A.&#0; as&#0; Administrative&#0; Agent&#0; (the&#0; “Administrative Agent&#0;&#0;.         Reference&#0; is&#0; hereby&#0; made&#0; to&#0; the&#0; Credit&#0; Agreement&#0; dated&#0; as&#0; of&#0; March&#0; 23,&#0; 2018&#0; (as&#0;amended, supplemented&#0;or&#0;otherwise&#0;modified&#0;from&#0;time&#0;to&#0;time,&#0;the&#0;“Credit&#0;Agreement&#0;&#0;,&#0;among&#0;the&#0;Company, the&#0; Parent,&#0; Pentair&#0; Technical&#0; ProductsHoffman&#0; Schroff&#0; Holdings,&#0; Inc.&#0; (the&#0; “Initial&#0; Affiliate Borrower&#0;&#0;,&#0;the&#0;other&#0;Affiliate&#0;Borrowers&#0;from&#0;time&#0;to&#0;time&#0;party&#0;thereto,&#0;the&#0;Lenders&#0;from&#0;time&#0;to&#0;time party&#0;thereto&#0;and&#0;JPMorgan&#0;Chase&#0;Bank,&#0;N.A.&#0;as&#0;Administrative&#0;Agent.&#0;&#0;Capitali&#0;ed&#0;terms&#0;used&#0;herein but&#0;not&#0;otherwise&#0;defined&#0;herein&#0;shall&#0;have&#0;the&#0;meanings&#0;assigned&#0;to&#0;such&#0;terms&#0;in&#0;the&#0;Credit&#0;Agreement. Under&#0; the&#0; Credit&#0; Agreement,&#0; the&#0; Lenders&#0; have&#0; agreed,&#0; upon&#0; the&#0; terms&#0; and&#0; subject&#0; to&#0; the&#0; conditions therein&#0; set&#0; forth,&#0; to&#0; make&#0; Loans&#0; to&#0; certain&#0; Affiliate&#0; Borrowers&#0; (collectively&#0; with&#0; the&#0; Company,&#0; the “Borrowers&#0;&#0;,&#0;and&#0;the&#0;Company&#0;and&#0;the&#0;New&#0;Affiliate&#0;Borrower&#0;desire&#0;that&#0;the&#0;New&#0;Affiliate&#0;Borrower become&#0;an&#0;Affiliate&#0;Borrower.&#0;&#0;In&#0;addition,&#0;the&#0;New&#0;Affiliate&#0;Borrower&#0;hereby&#0;authori&#0;es&#0;the&#0;Company to&#0; act&#0; on&#0; its&#0; behalf&#0; as&#0; and&#0; to&#0; the&#0; extent&#0; provided&#0; for&#0; in&#0; Article&#0; II&#0; of&#0; the&#0; Credit&#0; Agreement. &#0;Notwithstanding&#0;the&#0;preceding&#0;sentence,&#0; the&#0;New&#0;Affiliate&#0;Borrower&#0;hereby&#0;designates&#0;the&#0;following officers&#0;as&#0; being&#0; authori&#0;ed&#0; to&#0;request&#0;Borrowings&#0;under&#0; the&#0;Credit&#0;Agreement&#0;on&#0; behalf&#0;of&#0; the&#0; New Affiliate&#0;Borrower&#0;and&#0;sign&#0;this&#0;Affiliate&#0;Borrowing&#0;Agreement&#0;and&#0;the&#0;other&#0;Loan&#0;Documents&#0;to&#0;which the&#0;New&#0;Affiliate&#0;Borrower&#0;is,&#0;or&#0;may&#0;from&#0;time&#0;to&#0;time&#0;become,&#0;a&#0;party:&#0;[______________&#0;.&#0;         Each&#0;of&#0;the&#0;Company,&#0;the&#0;Parent&#0;and&#0;the&#0;New&#0;Affiliate&#0;Borrower&#0;represents&#0;and&#0;warrants&#0;that&#0;the representations&#0;and&#0;warranties&#0;in&#0;the&#0;Credit&#0;Agreement&#0;relating&#0;to&#0;the&#0;New&#0;Affiliate&#0;Borrower&#0;and&#0;this Agreement&#0;(other&#0;than&#0;the&#0;representations&#0;contained&#0;in&#0;Sections&#0;3.04(b&#0;&#0;and&#0;3.05&#0;&#0;are&#0;true&#0;and&#0;correct&#0;in all&#0; material&#0; respects&#0; (provided&#0; that&#0; any&#0; representation&#0; or&#0; warranty&#0; that&#0; is&#0; qualified&#0; by&#0; materiality&#0; or Material&#0;Adverse&#0;Effect&#0;shall&#0;be&#0;true&#0;and&#0;correct&#0;in&#0;all&#0;respects&#0;&#0;on&#0;and&#0;as&#0;of&#0;the&#0;date&#0;hereof&#0;(or,&#0;if&#0;any such&#0;representation&#0;or&#0;warranty&#0;is&#0;expressly&#0;stated&#0;to&#0;have&#0;been&#0;made&#0;as&#0;of&#0;a&#0;specific&#0;date,&#0;as&#0;of&#0;such specific&#0; date&#0;.&#0; &#0; [INSERT&#0; OTHER&#0;   PROVISIONS&#0;    REASONABL&#0;&#0;     REQUESTED&#0;    B&#0; ADMINISTRATIVE&#0;AGENT&#0;OR&#0;ITS&#0;COUNSELS&#0;&#0;&#0;The&#0;Parent&#0;agrees&#0;that&#0;the&#0;guarantee&#0;of&#0;the&#0;Parent contained&#0;in&#0;the&#0;Credit&#0;Agreement&#0;will&#0;apply&#0;to&#0;the&#0;Obligations&#0;of&#0;the&#0;New&#0;Affiliate&#0;Borrower.&#0;&#0;Upon execution&#0;of&#0;this&#0;Agreement&#0;by&#0;each&#0;of&#0;the&#0;Company,&#0;the&#0;Parent&#0;and&#0;the&#0;New&#0;Affiliate&#0;Borrower&#0;and&#0;the Administrative&#0;Agent,&#0;the&#0;New&#0;Borrowing&#0;Subsidiary&#0;shall&#0;be&#0;a&#0;party&#0;to&#0;the&#0;Credit&#0;Agreement&#0;and&#0;shall constitute&#0;an&#0;“Affiliate&#0;Borrower&#0;&#0;for&#0;all&#0;purposes&#0;thereof,&#0;and&#0;the&#0;New&#0;Affiliate&#0;Borrower&#0;hereby&#0;agrees to&#0;be&#0;bound&#0;by&#0;all&#0;provisions&#0;of&#0;the&#0;Credit&#0;Agreement.         This&#0;Agreement&#0;shall&#0;be&#0;governed&#0;by&#0;and&#0;construed&#0;in&#0;accordance&#0;with&#0;the&#0;laws&#0;of&#0;the&#0;State&#0;of New&#0;&#0;ork.

 

                                     EXHIBIT&#0;F-2                                        [FORM&#0;OF&#0;                          AFFILIATE&#0;BORROWER&#0;TERMINATION  JPMorgan&#0;Chase&#0;Bank,&#0;N.A. as&#0;Administrative&#0;Agent for&#0;the&#0;Lenders&#0;referred&#0;to&#0;below [__________&#0; [__________&#0; Attention:&#0;&#0;[__________&#0;                                                                                   [Date&#0; Ladies&#0;and&#0;Gentlemen:         The&#0;undersigned,&#0;nVent&#0;Finance&#0;S.&#0;&#0;r.l.,&#0;a&#0;Luxembourg&#0;private&#0;limited&#0;liability&#0;company&#0;(Société à responsabilité limitée&#0;,&#0;having&#0;its&#0;registered&#0;office&#0;at&#0;26,&#0;boulevard&#0;Royal,&#0;L-2449&#0;Luxembourg&#0;and registered&#0;with&#0;the&#0;Luxembourg&#0;Trade&#0;and&#0;Companies&#0;Register&#0;(R.C.S. Luxembourg&#0;&#0;under&#0;number&#0;B 219846&#0; (the&#0; “Company&#0;&#0;,&#0; refers&#0; to&#0; the&#0; Credit&#0; Agreement&#0; dated&#0; as&#0; of&#0; March&#0; 23,&#0; 2018&#0; (as&#0; amended, supplemented&#0;or&#0;otherwise&#0;modified&#0;from&#0;time&#0;to&#0;time,&#0;the&#0;“Credit&#0;Agreement&#0;&#0;,&#0;among&#0;the&#0;Company, nVent&#0; Electric&#0; plc&#0; (the&#0; “Parent&#0;&#0;,&#0; Pentair&#0; Technical&#0; ProductsHoffman&#0; Schroff&#0; Holdings,&#0; Inc.&#0; (the “Initial&#0;Affiliate&#0;Borrower&#0;&#0;,&#0;the&#0;other&#0;Affiliate&#0;Borrowers&#0;from&#0;time&#0;to&#0;time&#0;party&#0;thereto,&#0;the&#0;Lenders from&#0;time&#0;to&#0;time&#0;party&#0;thereto&#0;and&#0;JPMorgan&#0;Chase&#0;Bank,&#0;N.A.&#0;as&#0;Administrative&#0;Agent.&#0;&#0;Capitali&#0;ed terms&#0;used&#0;and&#0;not&#0;otherwise&#0;defined&#0;herein&#0;shall&#0;have&#0;the&#0;meanings&#0;assigned&#0;to&#0;such&#0;terms&#0;in&#0;the&#0;Credit Agreement.         The&#0; Company&#0; hereby&#0; terminates&#0; the&#0; status&#0; of&#0; [______________&#0;&#0; (the&#0; “Terminated&#0; Affiliate Borrower&#0;&#0;&#0;as&#0;an&#0;Affiliate&#0;Borrower&#0;under&#0;the&#0;Credit&#0;Agreement.&#0;&#0;[The&#0;Company&#0;represents&#0;and&#0;warrants that&#0;no&#0;Loans&#0;made&#0;to&#0;the&#0;Terminated&#0;Affiliate&#0;Borrower&#0;are&#0;outstanding&#0;as&#0;of&#0;the&#0;date&#0;hereof&#0;and&#0;that&#0;all amounts&#0; payable&#0; by&#0; the&#0; Terminated&#0; Affiliate&#0; Borrower&#0; in&#0; respect&#0; of&#0; interest&#0; and/or&#0; fees&#0; (and,&#0; to&#0; the extent&#0;notified&#0;by&#0;the&#0;Administrative&#0;Agent&#0;or&#0;any&#0;Lender,&#0;any&#0;other&#0;amounts&#0;payable&#0;under&#0;the&#0;Credit Agreement&#0;&#0;pursuant&#0;to&#0;the&#0;Credit&#0;Agreement&#0;have&#0;been&#0;paid&#0;in&#0;full&#0;on&#0;or&#0;prior&#0;to&#0;the&#0;date&#0;hereof.&#0;&#0;[The Company&#0; acknowledges&#0; that&#0; the&#0; Terminated&#0; Affiliate&#0; Borrower&#0;shall&#0; continue&#0; to&#0; be&#0; a&#0; Borrower&#0; until such&#0; time&#0; as&#0; all&#0; Loans&#0; made&#0; to&#0; the&#0; Terminated&#0; Affiliate&#0; Borrower&#0; shall&#0; have&#0; been&#0; prepaid&#0; and&#0; all amounts&#0; payable&#0; by&#0; the&#0; Terminated&#0; Affiliate&#0; Borrower&#0; in&#0; respect&#0; of&#0; interest&#0; and/or&#0; fees&#0; (and,&#0; to&#0; the extent&#0;notified&#0;by&#0;the&#0;Administrative&#0;Agent&#0;or&#0;any&#0;Lender,&#0;any&#0;other&#0;amounts&#0;payable&#0;by&#0;the&#0;Terminated Affiliate&#0;Borrower&#0;under&#0;the&#0;Credit&#0;Agreement&#0;&#0;pursuant&#0;to&#0;the&#0;Credit&#0;Agreement&#0;shall&#0;have&#0;been&#0;paid&#0;in full,&#0;provided&#0;that&#0;the&#0;Terminated&#0;Affiliate&#0;Borrower&#0;shall&#0;not&#0;have&#0;the&#0;right&#0;to&#0;make&#0;further&#0;Borrowings under&#0;the&#0;Credit&#0;Agreement.&#0;                                   [Signature&#0;Page&#0;Follows&#0;

 

                                     EXHIBIT&#0;G-1                             FORM&#0;OF&#0;BORROWING&#0;REQUEST  JPMorgan&#0;Chase&#0;Bank,&#0;N.A., as&#0;Administrative&#0;Agent for&#0;the&#0;Lenders&#0;referred&#0;to&#0;below  [10&#0;South&#0;Dearborn Chicago,&#0;Illinois&#0;60603  Attention:&#0;[__________&#0; Facsimile:&#0;[__________&#0;&#0;19  With&#0;a&#0;copy&#0;to:  [__________&#0; [__________&#0; Attention:&#0;[__________&#0; Facsimile:&#0;[__________&#0;         Re:&#0;&#0;nVent&#0;Finance&#0;S.&#0;&#0;r.l.                                                                                   [Date&#0;  Ladies&#0;and&#0;Gentlemen:         Reference&#0; is&#0; hereby&#0; made&#0; to&#0; the&#0; Credit&#0; Agreement&#0; dated&#0; as&#0; of&#0; March&#0; 23,&#0; 2018&#0; (as&#0;amended, restated,&#0;supplemented&#0;or&#0;otherwise&#0;modified&#0;from&#0;time&#0;to&#0;time,&#0;the&#0;“Credit&#0;Agreement&#0;&#0;,&#0;among&#0;nVent Finance&#0;S.&#0;&#0;r.l.,&#0;a&#0;Luxembourg&#0;private&#0;limited&#0;liability&#0;company&#0;(Société à responsabilité limitée&#0;,&#0;having its&#0;registered&#0;office&#0;at&#0;26,&#0;boulevard&#0;Royal,&#0;L-2449&#0;Luxembourg&#0;and&#0;registered&#0;with&#0;the&#0;Luxembourg Trade&#0;and&#0;Companies&#0;Register&#0;(R.C.S. Luxembourg&#0;&#0;under&#0;number&#0;B&#0;219846&#0;(the&#0;“Company&#0;&#0;,&#0;nVent Electric&#0; plc&#0; (the&#0; “Parent&#0;&#0;,&#0; Pentair&#0; Technical&#0; ProductsHoffman&#0; Schroff&#0; Holdings,&#0; Inc.&#0; (the&#0; “Initial Affiliate&#0;Borrower&#0;&#0;,&#0;the&#0;other&#0;Affiliate&#0;Borrowers&#0;from&#0;time&#0;to&#0;time&#0;party&#0;thereto,&#0;the&#0;institutions&#0;from time&#0;to&#0;time&#0;parties&#0;thereto&#0;as&#0;Lenders&#0;(the&#0;“Lenders&#0;&#0;&#0;and&#0;JPMorgan&#0;Chase&#0;Bank,&#0;N.A.,&#0;in&#0;its&#0;capacity&#0;as Administrative&#0;Agent&#0;for&#0;itself&#0;and&#0;the&#0;other&#0;Lenders&#0;(the&#0;“Administrative&#0;Agent&#0;&#0;.&#0;&#0;Capitali&#0;ed&#0;terms used&#0;but&#0;not&#0;defined&#0;herein&#0;shall&#0;have&#0;the&#0;meanings&#0;assigned&#0;to&#0;such&#0;terms&#0;in&#0;the&#0;Credit&#0;Agreement.&#0;&#0;The [undersigned&#0;Borrower&#0;[Company,&#0;on&#0;behalf&#0;of&#0;[Affiliate&#0;Borrower&#0;,&#0;&#0;hereby&#0;gives&#0;you&#0;notice&#0;pursuant to&#0;Section&#0;2.03&#0;of&#0;the&#0;Credit&#0;Agreement&#0;that&#0;it&#0;requests&#0;a&#0;Borrowing&#0;under&#0;the&#0;Credit&#0;Agreement,&#0;and&#0;in that&#0;connection&#0;the&#0;[undersigned&#0;Borrower&#0;[Company,&#0;on&#0;behalf&#0;of&#0;[Affiliate&#0;Borrower&#0;,&#0;&#0;specifies&#0;the following&#0;information&#0;with&#0;respect&#0;to&#0;such&#0;Borrowing&#0;requested&#0;hereby:  1.     Name&#0;of&#0;Borrower:&#0;&#0;__________  2.     The&#0;requested&#0;Borrowing&#0;is&#0;a&#0;[Revolving&#0;[Term&#0;Loan&#0;&#0;Borrowing  3.     Aggregate&#0;principal&#0;amount&#0;of&#0;Borrowing:20&#0;&#0;__________   19&#0; If&#0; request&#0; is&#0; in&#0; respect&#0; of&#0; Revolving&#0; Loans&#0; in&#0; a&#0; Foreign&#0; Currency&#0; or&#0; a&#0; Designated&#0; Loan,&#0; please&#0; replace&#0; this address&#0;with&#0;the&#0;London&#0;address&#0;from&#0;Section&#0;9.01(a&#0;(ii&#0;. 20&#0;Not&#0;less&#0;than&#0;applicable&#0;amounts&#0;specified&#0;in&#0;Section&#0;2.02(c&#0;.

 

                                     EXHIBIT&#0;G-2                          FORM&#0;OF&#0;INTEREST&#0;ELECTION&#0;REQUEST  JPMorgan&#0;Chase&#0;Bank,&#0;N.A., as&#0;Administrative&#0;Agent for&#0;the&#0;Lenders&#0;referred&#0;to&#0;below  [10&#0;South&#0;Dearborn Chicago,&#0;Illinois&#0;60603  Attention:&#0;[_______&#0; Facsimile:&#0;([__&#0;&#0;&#0;[__&#0;-[_____&#0;&#0;23         Re:&#0;&#0;nVent&#0;Finance&#0;S.&#0;&#0;r.l.                                                                                   [Date&#0;  Ladies&#0;and&#0;Gentlemen:         Reference&#0; is&#0; hereby&#0; made&#0; to&#0; the&#0; Credit&#0; Agreement&#0; dated&#0; as&#0; of&#0; March&#0; 23,&#0; 2018&#0; (as&#0;amended, restated,&#0;supplemented&#0;or&#0;otherwise&#0;modified&#0;from&#0;time&#0;to&#0;time,&#0;the&#0;“Credit&#0;Agreement&#0;&#0;,&#0;among&#0;nVent Finance&#0;S.&#0;&#0;r.l.,&#0;a&#0;Luxembourg&#0;private&#0;limited&#0;liability&#0;company&#0;(Société à responsabilité limitée&#0;,&#0;having its&#0;registered&#0;office&#0;at&#0;26,&#0;boulevard&#0;Royal,&#0;L-2449&#0;Luxembourg&#0;and&#0;registered&#0;with&#0;the&#0;Luxembourg Trade&#0;and&#0;Companies&#0;Register&#0;(R.C.S. Luxembourg&#0;&#0;under&#0;number&#0;B&#0;219846&#0;(the&#0;“Company&#0;&#0;,&#0;nVent Electric&#0; plc&#0; (the&#0; “Parent&#0;&#0;,&#0; Pentair&#0; Technical&#0; ProductsHoffman&#0; Schroff&#0; Holdings,&#0; Inc.&#0; (the&#0; “Initial Affiliate&#0;Borrower&#0;&#0;,&#0;the&#0;other&#0;Affiliate&#0;Borrowers&#0;from&#0;time&#0;to&#0;time&#0;party&#0;thereto,&#0;the&#0;institutions&#0;from time&#0;to&#0;time&#0;parties&#0;thereto&#0;as&#0;Lenders&#0;(the&#0;“Lenders&#0;&#0;&#0;and&#0;JPMorgan&#0;Chase&#0;Bank,&#0;N.A.,&#0;in&#0;its&#0;capacity&#0;as Administrative&#0;Agent&#0;for&#0;itself&#0;and&#0;the&#0;other&#0;Lenders&#0;(the&#0;“Administrative&#0;Agent&#0;&#0;.&#0;&#0;Capitali&#0;ed&#0;terms used&#0;but&#0;not&#0;defined&#0;herein&#0;shall&#0;have&#0;the&#0;meanings&#0;assigned&#0;to&#0;such&#0;terms&#0;in&#0;the&#0;Credit&#0;Agreement.&#0;&#0;The [undersigned&#0;Borrower&#0;[Company,&#0;on&#0;behalf&#0;of&#0;[Affiliate&#0;Borrower&#0;,&#0;&#0;hereby&#0;gives&#0;you&#0;notice&#0;pursuant to&#0;Section&#0;2.08&#0;of&#0;the&#0;Credit&#0;Agreement&#0;that&#0;it&#0;requests&#0;to&#0;convert&#0;an&#0;existing&#0;Borrowing&#0;under&#0;the&#0;Credit Agreement,&#0; and&#0; in&#0; that&#0; connection&#0; the&#0; [undersigned&#0; Borrower&#0;[Company,&#0; on&#0; behalf&#0; of&#0; [Affiliate Borrower&#0;,&#0;&#0;specifies&#0;the&#0;following&#0;information&#0;with&#0;respect&#0;to&#0;such&#0;conversion&#0;requested&#0;hereby:  1.     List&#0; Borrower,&#0; date,&#0; Type,&#0; Class,&#0; principal&#0; amount,&#0; Agreed&#0; Currency&#0; and&#0; Interest&#0; Period&#0; (if        applicable&#0;&#0;of&#0;existing&#0;Borrowing:&#0;&#0;_________  2.     Aggregate&#0;principal&#0;amount&#0;of&#0;resulting&#0;Borrowing:&#0;&#0;_________  3.     Effective&#0;date&#0;of&#0;interest&#0;election&#0;(which&#0;shall&#0;be&#0;a&#0;Business&#0;Day&#0;:&#0;&#0;_________  4.     Type&#0;of&#0;Borrowing&#0;(ABR&#0;or&#0;Eurocurrency&#0;:&#0;&#0;_________  5.     Interest&#0;Period&#0;and&#0;the&#0;last&#0;day&#0;thereof&#0;(if&#0;a&#0;Eurocurrency&#0;Borrowing&#0;:24&#0;&#0;_________  6.     Agreed&#0;Currency:&#0;&#0;_______________   23&#0; If&#0; request&#0; is&#0; in&#0; respect&#0; of&#0; Revolving&#0; Loans&#0; in&#0; a&#0; Foreign&#0; Currency&#0; or&#0; a&#0; Designated&#0; Loan,&#0; please&#0; replace&#0; this address&#0;with&#0;the&#0;London&#0;address&#0;from&#0;Section&#0;9.01(a&#0;(ii&#0;. 24&#0;Which&#0;must&#0;comply&#0;with&#0;the&#0;definition&#0;of&#0;“Interest&#0;Period&#0;&#0;and&#0;end&#0;not&#0;later&#0;than&#0;the&#0;applicable&#0;Maturity&#0;Date.

 

                                     EXHIBIT&#0;H-1                                        [FORM&#0;OF&#0;                          U.S.&#0;TAX&#0;COMPLIANCE&#0;CERTIFICATE  (For&#0;A&#0;Foreign&#0;Lender&#0;That,&#0;For&#0;U.S.&#0;Federal&#0;Income&#0;Tax&#0;Purposes,&#0;Is&#0;Neither&#0;Treated&#0;As&#0;A&#0;Partnership               Nor&#0;Treated&#0;As&#0;A&#0;Disregarded&#0;Entity&#0;That&#0;Is&#0;Owned&#0;By&#0;A&#0;Partnership&#0;         Reference&#0; is&#0; hereby&#0; made&#0; to&#0; the&#0; Credit&#0; Agreement&#0; dated&#0; as&#0; of&#0; March&#0; 23,&#0; 2018&#0; (as&#0;amended, restated,&#0;supplemented&#0;or&#0;otherwise&#0;modified&#0;from&#0;time&#0;to&#0;time,&#0;the&#0;“Credit&#0;Agreement&#0;&#0;,&#0;among&#0;nVent Finance&#0;S.&#0;&#0;r.l.,&#0;a&#0;Luxembourg&#0;private&#0;limited&#0;liability&#0;company&#0;(Société à responsabilité limitée&#0;,&#0;having its&#0;registered&#0;office&#0;at&#0;26,&#0;boulevard&#0;Royal,&#0;L-2449&#0;Luxembourg&#0;and&#0;registered&#0;with&#0;the&#0;Luxembourg Trade&#0;and&#0;Companies&#0;Register&#0;(R.C.S. Luxembourg&#0;&#0;under&#0;number&#0;B&#0;219846&#0;(the&#0;“Company&#0;&#0;,&#0;nVent Electric&#0; plc&#0; (the&#0; “Parent&#0;&#0;,&#0; Pentair&#0; Technical&#0; ProductsHoffman&#0; Schroff&#0; Holdings,&#0; Inc.&#0; (the&#0; “Initial Affiliate&#0;Borrower&#0;&#0;,&#0;the&#0;other&#0;Affiliate&#0;Borrowers&#0;from&#0;time&#0;to&#0;time&#0;party&#0;thereto,&#0;the&#0;institutions&#0;from time&#0;to&#0;time&#0;parties&#0;thereto&#0;as&#0;Lenders&#0;and&#0;JPMorgan&#0;Chase&#0;Bank,&#0;N.A.,&#0;in&#0;its&#0;capacity&#0;as&#0;Administrative Agent&#0;for&#0;itself&#0;and&#0;the&#0;other&#0;Lenders&#0;(the&#0;“Administrative&#0;Agent&#0;&#0;.         Pursuant&#0; to&#0; the&#0; provisions&#0; of&#0; Section&#0; 2.17&#0; of&#0; the&#0; Credit&#0; Agreement,&#0; the&#0; undersigned&#0; hereby certifies&#0; that&#0; (i&#0;&#0; it&#0; is&#0; the&#0; sole&#0; record&#0; and&#0; beneficial&#0; owner&#0; of&#0; the&#0; Loan(s&#0;&#0; (as&#0; well&#0; as&#0; any&#0; Note(s&#0; evidencing&#0;such&#0;Loan(s&#0;&#0;&#0;in&#0;respect&#0;of&#0;which&#0;it&#0;is&#0;providing&#0;this&#0;certificate,&#0;(ii&#0;&#0;it&#0;(or,&#0;in&#0;the&#0;event&#0;that&#0;it&#0;is a&#0;Disregarded&#0;Entity,&#0;the&#0;Person&#0;that&#0;is&#0;treated&#0;for&#0;U.S.&#0;federal&#0;income&#0;tax&#0;purposes&#0;as&#0;being&#0;the&#0;sole owner&#0;of&#0;the&#0;undersigned&#0;&#0;is&#0;(a&#0;&#0;not&#0;a&#0;bank&#0;within&#0;the&#0;meaning&#0;of&#0;Section&#0;881(c&#0;(3&#0;(A&#0;&#0;of&#0;the&#0;Code,&#0;(b&#0; not&#0;a&#0;ten&#0;percent&#0;shareholder&#0;of&#0;any&#0;applicable&#0;Borrower&#0;within&#0;the&#0;meaning&#0;of&#0;Section&#0;871(h&#0;(3&#0;(B&#0;&#0;of the&#0;Code&#0;and&#0;(c&#0;&#0;not&#0;a&#0;controlled&#0;foreign&#0;corporation&#0;related&#0;to&#0;any&#0;applicable&#0;Borrower&#0;as&#0;described&#0;in Section&#0;881(c&#0;(3&#0;(C&#0;&#0;of&#0;the&#0;Code.         The&#0; undersigned&#0; has&#0; furnished&#0; the&#0; Administrative&#0; Agent&#0; and&#0; applicable&#0; Borrower&#0; with&#0; a certificate&#0;of&#0; the&#0; non-U.S.&#0; person&#0; status&#0;of&#0; the&#0;undersigned&#0;(or,&#0;in&#0; the&#0; event&#0; that&#0;the&#0;undersigned&#0; is&#0;a Disregarded&#0;Entity,&#0;the&#0;Person&#0;that&#0;is&#0;treated&#0;for&#0;U.S.&#0;federal&#0;income&#0;tax&#0;purposes&#0;as&#0;being&#0;the&#0;sole&#0;owner of&#0;the&#0;undersigned&#0;&#0;on&#0;IRS&#0;Form&#0;W-8BEN&#0;or&#0;IRS&#0;Form&#0;W-8BEN-E.&#0;&#0;By&#0;executing&#0;this&#0;certificate,&#0;the undersigned&#0;agrees&#0;that&#0;(1&#0;&#0;if&#0;the&#0;information&#0;provided&#0;on&#0;this&#0;certificate&#0;changes,&#0;the&#0;undersigned&#0;shall promptly&#0;so&#0;inform&#0;the&#0;Borrowers&#0;and&#0;the&#0;Administrative&#0;Agent&#0;and&#0;(2&#0;&#0;the&#0;undersigned&#0;shall&#0;have&#0;at&#0;all times&#0; furnished&#0; the&#0; Borrowers&#0; and&#0; the&#0; Administrative&#0; Agent&#0; with&#0;a&#0; properly&#0; completed&#0; and&#0; currently effective&#0;certificate&#0;in&#0;either&#0;the&#0;calendar&#0;year&#0;in&#0;which&#0;each&#0;payment&#0;is&#0;to&#0;be&#0;made&#0;to&#0;the&#0;undersigned,&#0;or in&#0;either&#0;of&#0;the&#0;two&#0;calendar&#0;years&#0;preceding&#0;such&#0;payments.         Unless&#0;otherwise&#0;defined&#0;herein,&#0;terms&#0;defined&#0;in&#0; the&#0;Credit&#0;Agreement&#0;and&#0;used&#0;herein&#0;shall have&#0;the&#0;meanings&#0;given&#0;to&#0;them&#0;in&#0;the&#0;Credit&#0;Agreement.  [NAME&#0;OF&#0;LENDER&#0;  By:______________________________________ Name: Title:  Date:&#0;&#0;__________,&#0;20[__&#0;

 

                                     EXHIBIT&#0;H-2                                        [FORM&#0;OF&#0;                          U.S.&#0;TAX&#0;COMPLIANCE&#0;CERTIFICATE      (For&#0;A&#0;Foreign&#0;Participant&#0;That,&#0;For&#0;U.S.&#0;Federal&#0;Income&#0;Tax&#0;Purposes,&#0;Is&#0;Neither&#0;Treated&#0;As&#0;A          Partnership&#0;Nor&#0;Treated&#0;As&#0;A&#0;Disregarded&#0;Entity&#0;That&#0;Is&#0;Owned&#0;By&#0;A&#0;Partnership&#0;         Reference&#0; is&#0; hereby&#0; made&#0; to&#0; the&#0; Credit&#0; Agreement&#0; dated&#0; as&#0; of&#0; March&#0; 23,&#0; 2018&#0; (as&#0;amended, restated,&#0;supplemented&#0;or&#0;otherwise&#0;modified&#0;from&#0;time&#0;to&#0;time,&#0;the&#0;“Credit&#0;Agreement&#0;&#0;,&#0;among&#0;nVent Finance&#0;S.&#0;&#0;r.l.,&#0;a&#0;Luxembourg&#0;private&#0;limited&#0;liability&#0;company&#0;(Société à responsabilité limitée&#0;,&#0;having its&#0;registered&#0;office&#0;at&#0;26,&#0;boulevard&#0;Royal,&#0;L-2449&#0;Luxembourg&#0;and&#0;registered&#0;with&#0;the&#0;Luxembourg Trade&#0;and&#0;Companies&#0;Register&#0;(R.C.S. Luxembourg&#0;&#0;under&#0;number&#0;B&#0;219846&#0;(the&#0;“Company&#0;&#0;,&#0;nVent Electric&#0; plc&#0; (the&#0; “Parent&#0;&#0;,&#0; Pentair&#0; Technical&#0; ProductsHoffman&#0; Schroff&#0; Holdings,&#0; Inc.&#0; (the&#0; “Initial Affiliate&#0;Borrower&#0;&#0;,&#0;the&#0;other&#0;Affiliate&#0;Borrowers&#0;from&#0;time&#0;to&#0;time&#0;party&#0;thereto,&#0;the&#0;institutions&#0;from time&#0;to&#0;time&#0;parties&#0;thereto&#0;as&#0;Lenders&#0;and&#0;JPMorgan&#0;Chase&#0;Bank,&#0;N.A.,&#0;in&#0;its&#0;capacity&#0;as&#0;Administrative Agent&#0;for&#0;itself&#0;and&#0;the&#0;other&#0;Lenders&#0;(the&#0;“Administrative&#0;Agent&#0;&#0;.         Pursuant&#0; to&#0; the&#0; provisions&#0; of&#0; Section&#0; 2.17&#0; of&#0; the&#0; Credit&#0; Agreement,&#0; the&#0; undersigned&#0; hereby certifies&#0;that&#0;(i&#0;&#0;it&#0;is&#0;the&#0;sole&#0;record&#0;and&#0;beneficial&#0;owner&#0;of&#0;the&#0;participation&#0;in&#0;respect&#0;of&#0;which&#0;it&#0;is providing&#0;this&#0;certificate,&#0;(ii&#0;&#0;it&#0;(or,&#0;in&#0;the&#0;event&#0;that&#0;it&#0;is&#0;a&#0;Disregarded&#0;Entity,&#0;the&#0;Person&#0;that&#0;is&#0;treated for&#0;U.S.&#0;federal&#0;income&#0;tax&#0;purposes&#0;as&#0;being&#0;the&#0;sole&#0;owner&#0;of&#0;the&#0;undersigned&#0;&#0;is&#0;(a&#0;&#0;not&#0;a&#0;bank&#0;within the&#0; meaning&#0;of&#0; Section&#0; 881(c&#0;(3&#0;(A&#0;&#0; of&#0;the&#0; Code,&#0; (b&#0;&#0;not&#0;a&#0; ten&#0; percent&#0; shareholder&#0;of&#0; any&#0;applicable Borrower&#0; within&#0; the&#0; meaning&#0; of&#0; Section&#0; 871(h&#0;(3&#0;(B&#0;&#0; of&#0; the&#0; Code&#0; and&#0; (c&#0;&#0; not&#0; a&#0; controlled&#0; foreign corporation&#0;related&#0;to&#0;any&#0;applicable&#0;Borrower&#0;as&#0;described&#0;in&#0;Section&#0;881(c&#0;(3&#0;(C&#0;&#0;of&#0;the&#0;Code.         The&#0;undersigned&#0;has&#0;furnished&#0;its&#0;participating&#0;Lender&#0;with&#0;a&#0;certificate&#0;of&#0;the&#0;non-U.S.&#0;person status&#0;of&#0;the&#0;undersigned&#0;(or,&#0;in&#0;the&#0;event&#0;that&#0;the&#0;undersigned&#0;is&#0;a&#0;Disregarded&#0;Entity,&#0;the&#0;Person&#0;that&#0;is treated&#0;for&#0;U.S.&#0;federal&#0;income&#0;tax&#0;purposes&#0;as&#0;being&#0;the&#0;sole&#0;owner&#0;of&#0;the&#0;undersigned&#0;&#0;on&#0;IRS&#0;Form&#0;W- 8BEN&#0; or&#0; IRS&#0; Form&#0;W-8BEN-E.&#0; &#0; By&#0; executing&#0; this&#0; certificate,&#0; the&#0; undersigned&#0; agrees&#0; that&#0; (1&#0;&#0; if&#0; the information&#0;provided&#0;on&#0;this&#0;certificate&#0;changes,&#0;the&#0;undersigned&#0;shall&#0;promptly&#0;so&#0;inform&#0;such&#0;Lender&#0;in writing,&#0;and&#0;(2&#0;&#0;the&#0;undersigned&#0;shall&#0;have&#0;at&#0;all&#0;times&#0;furnished&#0;such&#0;Lender&#0;with&#0;a&#0;properly&#0;completed and&#0;currently&#0;effective&#0;certificate&#0;in&#0;either&#0;the&#0;calendar&#0;year&#0;in&#0;which&#0;each&#0;payment&#0;is&#0;to&#0;be&#0;made&#0;to&#0;the undersigned,&#0;or&#0;in&#0;either&#0;of&#0;the&#0;two&#0;calendar&#0;years&#0;preceding&#0;such&#0;payments.         Unless&#0;otherwise&#0;defined&#0;herein,&#0;terms&#0;defined&#0;in&#0; the&#0;Credit&#0;Agreement&#0;and&#0;used&#0;herein&#0;shall have&#0;the&#0;meanings&#0;given&#0;to&#0;them&#0;in&#0;the&#0;Credit&#0;Agreement.  [NAME&#0;OF&#0;PARTICIPANT&#0;  By:______________________________________ Name: Title:  Date:&#0;&#0;__________,&#0;20[__&#0;

 

                                     EXHIBIT&#0;H-3                                        [FORM&#0;OF&#0;                          U.S.&#0;TAX&#0;COMPLIANCE&#0;CERTIFICATE      (For&#0;A&#0;Foreign&#0;Participant&#0;That,&#0;For&#0;U.S.&#0;Federal&#0;Income&#0;Tax&#0;Purposes,&#0;Is&#0;Either&#0;Treated&#0;As&#0;A           Partnership&#0;Or&#0;Treated&#0;As&#0;A&#0;Disregarded&#0;Entity&#0;That&#0;Is&#0;Owned&#0;By&#0;A&#0;Partnership&#0;         Reference&#0; is&#0; hereby&#0; made&#0; to&#0; the&#0; Credit&#0; Agreement&#0; dated&#0; as&#0; of&#0; March&#0; 23,&#0; 2018&#0; (as&#0;amended, restated,&#0;supplemented&#0;or&#0;otherwise&#0;modified&#0;from&#0;time&#0;to&#0;time,&#0;the&#0;“Credit&#0;Agreement&#0;&#0;,&#0;among&#0;nVent Finance&#0;S.&#0;&#0;r.l.,&#0;a&#0;Luxembourg&#0;private&#0;limited&#0;liability&#0;company&#0;(Société à responsabilité limitée&#0;,&#0;having its&#0;registered&#0;office&#0;at&#0;26,&#0;boulevard&#0;Royal,&#0;L-2449&#0;Luxembourg&#0;and&#0;registered&#0;with&#0;the&#0;Luxembourg Trade&#0;and&#0;Companies&#0;Register&#0;(R.C.S. Luxembourg&#0;&#0;under&#0;number&#0;B&#0;219846&#0;(the&#0;“Company&#0;&#0;,&#0;nVent Electric&#0; plc&#0; (the&#0; “Parent&#0;&#0;,&#0; Pentair&#0; Technical&#0; ProductsHoffman&#0; Schroff&#0; Holdings,&#0; Inc.&#0; (the&#0; “Initial Affiliate&#0;Borrower&#0;&#0;,&#0;the&#0;other&#0;Affiliate&#0;Borrowers&#0;from&#0;time&#0;to&#0;time&#0;party&#0;thereto,&#0;the&#0;institutions&#0;from time&#0;to&#0;time&#0;parties&#0;thereto&#0;as&#0;Lenders&#0;and&#0;JPMorgan&#0;Chase&#0;Bank,&#0;N.A.,&#0;in&#0;its&#0;capacity&#0;as&#0;Administrative Agent&#0;for&#0;itself&#0;and&#0;the&#0;other&#0;Lenders&#0;(the&#0;“Administrative&#0;Agent&#0;&#0;.         Pursuant&#0; to&#0; the&#0; provisions&#0; of&#0; Section&#0; 2.17&#0; of&#0; the&#0; Credit&#0; Agreement,&#0; the&#0; undersigned&#0; hereby certifies&#0;that&#0;(i&#0;&#0;it&#0;is&#0;the&#0;sole&#0;record&#0;owner&#0;of&#0;the&#0;participation&#0;in&#0;respect&#0;of&#0;which&#0;it&#0;is&#0;providing&#0;this certificate,&#0;(ii&#0;&#0;it&#0;is&#0;the&#0;sole&#0;beneficial&#0;owner&#0;of&#0;such&#0;participation&#0;for&#0;purposes&#0;other&#0;than&#0;U.S.&#0;federal income&#0;tax&#0;purposes,&#0;(iii&#0;&#0;it&#0;(or,&#0;in&#0;the&#0;event&#0;that&#0;it&#0;is&#0;a&#0;Disregarded&#0;Entity,&#0;the&#0;Person&#0;that&#0;is&#0;treated&#0;for U.S.&#0;federal&#0;income&#0;tax&#0;purposes&#0;as&#0;being&#0;the&#0;sole&#0;owner&#0;of&#0;the&#0;undersigned&#0;&#0;is&#0;not&#0;a&#0;bank&#0;extending credit&#0;pursuant&#0;to&#0;a&#0;loan&#0;agreement&#0;entered&#0;into&#0;in&#0;the&#0;ordinary&#0;course&#0;of&#0;its&#0;trade&#0;or&#0;business&#0;within&#0;the meaning&#0;of&#0;Section&#0;881(c&#0;(3&#0;(A&#0;&#0;of&#0;the&#0;Code,&#0;and&#0;(iv&#0;&#0;none&#0;of&#0;the&#0;members&#0;of&#0;the&#0;undersigned&#0;(or,&#0;in&#0;the event&#0;that&#0;the&#0;undersigned&#0;is&#0;a&#0;Disregarded&#0;Entity,&#0;none&#0;of&#0;the&#0;members&#0;of&#0;the&#0;Person&#0;that&#0;is&#0;treated&#0;for U.S.&#0;federal&#0;income&#0;tax&#0;purposes&#0;as&#0;being&#0;the&#0;sole&#0;owner&#0;of&#0;the&#0;undersigned&#0;&#0;is&#0;(a&#0;&#0;a&#0;bank&#0;extending credit&#0;pursuant&#0;to&#0;a&#0;loan&#0;agreement&#0;entered&#0;into&#0;in&#0;the&#0;ordinary&#0;course&#0;of&#0;its&#0;trade&#0;or&#0;business&#0;within&#0;the meaning&#0;of&#0;Section&#0;881(c&#0;(3&#0;(A&#0;&#0;of&#0;the&#0;Code,&#0;(b&#0;&#0;a&#0;ten&#0;percent&#0;shareholder&#0;of&#0;any&#0;applicable&#0;Borrower within&#0;the&#0;meaning&#0;of&#0;Section&#0;871(h&#0;(3&#0;(B&#0;&#0;of&#0;the&#0;Code,&#0;or&#0;(c&#0;&#0;a&#0;controlled&#0;foreign&#0;corporation&#0;related&#0;to any&#0;applicable&#0;Borrower&#0;as&#0;described&#0;in&#0;Section&#0;881(c&#0;(3&#0;(C&#0;&#0;of&#0;the&#0;Code.         The&#0;undersigned&#0;has&#0;furnished&#0;its&#0;participating&#0;Lender&#0;with&#0;IRS&#0;Form&#0;W-8IM&#0;&#0;accompanied&#0;by one&#0; of&#0; the&#0; following&#0; forms&#0; from&#0; each&#0; of&#0; the&#0; members&#0; of&#0; the&#0; undersigned&#0; (or,&#0; in&#0; the&#0; event&#0; that&#0; the undersigned&#0; is&#0; a&#0; Disregarded&#0; Entity,&#0; from&#0; each&#0; of&#0; the&#0; members&#0; of&#0;the&#0; Person&#0; that&#0; is&#0; treated&#0; for&#0; U.S. federal&#0;income&#0;tax&#0;purposes&#0;as&#0;being&#0;the&#0;sole&#0;owner&#0;of&#0;the&#0;undersigned&#0;&#0;claiming&#0;the&#0;portfolio&#0;interest exemption:&#0; (i&#0;&#0; an&#0; IRS&#0; Form&#0;W-8BEN&#0; or&#0; IRS&#0; Form&#0;W-8BEN-E&#0; or&#0; (ii&#0;&#0; an&#0; IRS&#0; Form&#0; W-8IM&#0; accompanied&#0;by&#0;an&#0;IRS&#0;Form&#0;W-8BEN&#0;or&#0;IRS&#0;Form&#0;W-8BEN-E&#0;from&#0;each&#0;of&#0;such&#0;member&#0;s&#0;beneficial owners&#0;that&#0;is&#0;claiming&#0;the&#0;portfolio&#0;interest&#0;exemption.&#0;&#0;By&#0;executing&#0;this&#0;certificate,&#0;the&#0;undersigned agrees&#0;that&#0;(1&#0;&#0;if&#0;the&#0;information&#0;provided&#0;on&#0;this&#0;certificate&#0;changes,&#0;the&#0;undersigned&#0;shall&#0;promptly&#0;so inform&#0;such&#0;Lender&#0;and&#0;(2&#0;&#0;the&#0;undersigned&#0;shall&#0;have&#0;at&#0;all&#0;times&#0;furnished&#0;such&#0;Lender&#0;with&#0;a&#0;properly completed&#0;and&#0;currently&#0;effective&#0;certificate&#0;in&#0;either&#0;the&#0;calendar&#0;year&#0;in&#0;which&#0;each&#0;payment&#0;is&#0;to&#0;be made&#0;to&#0;the&#0;undersigned,&#0;or&#0;in&#0;either&#0;of&#0;the&#0;two&#0;calendar&#0;years&#0;preceding&#0;such&#0;payments.         Unless&#0;otherwise&#0;defined&#0;herein,&#0;terms&#0;defined&#0;in&#0; the&#0;Credit&#0;Agreement&#0;and&#0;used&#0;herein&#0;shall have&#0;the&#0;meanings&#0;given&#0;to&#0;them&#0;in&#0;the&#0;Credit&#0;Agreement.  [NAME&#0;OF&#0;PARTICIPANT&#0;  By:______________________________________ Name: Title:

 

                                     EXHIBIT&#0;H-4                                        [FORM&#0;OF&#0;                          U.S.&#0;TAX&#0;COMPLIANCE&#0;CERTIFICATE   (For&#0;A&#0;Foreign&#0;Lender&#0;That,&#0;For&#0;U.S.&#0;Federal&#0;Income&#0;Tax&#0;Purposes,&#0;Is&#0;Either&#0;Treated&#0;As&#0;A&#0;Partnership                Or&#0;Treated&#0;As&#0;A&#0;Disregarded&#0;Entity&#0;That&#0;Is&#0;Owned&#0;By&#0;A&#0;Partnership&#0;         Reference&#0; is&#0; hereby&#0; made&#0; to&#0; the&#0; Credit&#0; Agreement&#0; dated&#0; as&#0; of&#0; March&#0; 23,&#0; 2018&#0; (as&#0;amended, restated,&#0;supplemented&#0;or&#0;otherwise&#0;modified&#0;from&#0;time&#0;to&#0;time,&#0;the&#0;“Credit&#0;Agreement&#0;&#0;,&#0;among&#0;nVent Finance&#0;S.&#0;&#0;r.l.,&#0;a&#0;Luxembourg&#0;private&#0;limited&#0;liability&#0;company&#0;(Société à responsabilité limitée&#0;,&#0;having its&#0;registered&#0;office&#0;at&#0;26,&#0;boulevard&#0;Royal,&#0;L-2449&#0;Luxembourg&#0;and&#0;registered&#0;with&#0;the&#0;Luxembourg Trade&#0;and&#0;Companies&#0;Register&#0;(R.C.S. Luxembourg&#0;&#0;under&#0;number&#0;B&#0;219846&#0;(the&#0;“Company&#0;&#0;,&#0;nVent Electric&#0; plc&#0; (the&#0; “Parent&#0;&#0;,&#0; Pentair&#0; Technical&#0; ProductsHoffman&#0; Schroff&#0; Holdings,&#0; Inc.&#0; (the&#0; “Initial Affiliate&#0;Borrower&#0;&#0;,&#0;the&#0;other&#0;Affiliate&#0;Borrowers&#0;from&#0;time&#0;to&#0;time&#0;party&#0;thereto,&#0;the&#0;institutions&#0;from time&#0;to&#0;time&#0;parties&#0;thereto&#0;as&#0;Lenders&#0;and&#0;JPMorgan&#0;Chase&#0;Bank,&#0;N.A.,&#0;in&#0;its&#0;capacity&#0;as&#0;Administrative Agent&#0;for&#0;itself&#0;and&#0;the&#0;other&#0;Lenders&#0;(the&#0;“Administrative&#0;Agent&#0;&#0;.         Pursuant&#0; to&#0; the&#0; provisions&#0; of&#0; Section&#0; 2.17&#0; of&#0; the&#0; Credit&#0; Agreement,&#0; the&#0; undersigned&#0; hereby certifies&#0;that&#0;(i&#0;&#0;it&#0;is&#0;the&#0;sole&#0;record&#0;owner&#0;of&#0;the&#0;Loan(s&#0;&#0;(as&#0;well&#0;as&#0;any&#0;Note(s&#0;&#0;evidencing&#0;such&#0;Loan(s&#0;&#0; in&#0;respect&#0;of&#0;which&#0;it&#0;is&#0;providing&#0;this&#0;certificate,&#0;(ii&#0;&#0;it&#0;is&#0;the&#0;sole&#0;beneficial&#0;owner&#0;of&#0;such&#0;Loan(s&#0;&#0;(as well&#0;as&#0;any&#0;Note(s&#0;&#0;evidencing&#0;such&#0;Loan(s&#0;&#0;&#0;for&#0;purposes&#0;other&#0;than&#0;U.S.&#0;federal&#0;income&#0;tax&#0;purposes, (iii&#0;&#0;it&#0;(or,&#0;in&#0;the&#0;event&#0;that&#0;the&#0;undersigned&#0;is&#0;a&#0;Disregarded&#0;Entity,&#0;the&#0;Person&#0;that&#0;is&#0;treated&#0;for&#0;U.S. federal&#0;income&#0;tax&#0;purposes&#0;as&#0;being&#0;the&#0;sole&#0;owner&#0;of&#0;the&#0;undersigned&#0;&#0;is&#0;not&#0;a&#0;bank&#0;extending&#0;credit pursuant&#0; to&#0; a&#0; loan&#0; agreement&#0; entered&#0; into&#0; in&#0; the&#0; ordinary&#0; course&#0; of&#0; its&#0; trade&#0; or&#0; business&#0; within&#0; the meaning&#0;of&#0;Section&#0;881(c&#0;(3&#0;(A&#0;&#0;of&#0;the&#0;Code,&#0;and&#0;(iv&#0;&#0;none&#0;of&#0;the&#0;members&#0;of&#0;the&#0;undersigned&#0;(or,&#0;in&#0;the event&#0;that&#0;the&#0;undersigned&#0;is&#0;a&#0;Disregarded&#0;Entity,&#0;none&#0;of&#0;the&#0;members&#0;of&#0;the&#0;Person&#0;that&#0;is&#0;treated&#0;for U.S.&#0;federal&#0;income&#0;tax&#0;purposes&#0;as&#0;being&#0;the&#0;sole&#0;owner&#0;of&#0;the&#0;undersigned&#0;&#0;is&#0;(a&#0;&#0;a&#0;bank&#0;extending credit&#0;pursuant&#0;to&#0;a&#0;loan&#0;agreement&#0;entered&#0;into&#0;in&#0;the&#0;ordinary&#0;course&#0;of&#0;its&#0;trade&#0;or&#0;business&#0;within&#0;the meaning&#0;of&#0;Section&#0;881(c&#0;(3&#0;(A&#0;&#0;of&#0;the&#0;Code,&#0;(b&#0;&#0;a&#0;ten&#0;percent&#0;shareholder&#0;of&#0;any&#0;such&#0;Borrower&#0;within the&#0;meaning&#0;of&#0;Section&#0;871(h&#0;(3&#0;(B&#0;&#0;of&#0;the&#0;Code,&#0;or&#0;(c&#0;&#0;a&#0;controlled&#0;foreign&#0;corporation&#0;related&#0;to&#0;any applicable&#0;Borrower&#0;as&#0;described&#0;in&#0;Section&#0;881(c&#0;(3&#0;(C&#0;&#0;of&#0;the&#0;Code.         The&#0;undersigned&#0;has&#0;furnished&#0;the&#0;Administrative&#0;Agent&#0;and&#0;the&#0;applicable&#0;Borrower&#0;with&#0;IRS Form&#0;W-8IM&#0;&#0;accompanied&#0;by&#0;one&#0;of&#0;the&#0;following&#0;forms&#0;from&#0;each&#0;of&#0;the&#0;members&#0;of&#0;the&#0;undersigned (or,&#0;in&#0;the&#0;event&#0;that&#0;the&#0;undersigned&#0;is&#0;a&#0;Disregarded&#0;Entity,&#0;from&#0;each&#0;of&#0;the&#0;members&#0;of&#0;the&#0;Person&#0;that is&#0;treated&#0;for&#0;U.S.&#0;federal&#0;income&#0;tax&#0;purposes&#0;as&#0;being&#0;the&#0;sole&#0;owner&#0;of&#0;the&#0;undersigned&#0;&#0;claiming&#0;the portfolio&#0;interest&#0;exemption:&#0;(i&#0;&#0;an&#0;IRS&#0;Form&#0;W-8BEN&#0;or&#0;IRS&#0;Form&#0;W-8BEN-E&#0;or&#0;(ii&#0;&#0;an&#0;IRS&#0;Form&#0;W- 8IM&#0;&#0; accompanied&#0; by&#0; an&#0; IRS&#0; Form&#0;W-8BEN&#0; or&#0; IRS&#0; Form&#0;W-8BEN-E&#0; from&#0; each&#0;of&#0;such&#0;member&#0;s beneficial&#0; owners&#0; that&#0; is&#0; claiming&#0; the&#0; portfolio&#0; interest&#0; exemption.&#0; &#0; By&#0; executing&#0; this&#0; certificate,&#0; the undersigned&#0;agrees&#0;that&#0;(1&#0;&#0;if&#0;the&#0;information&#0;provided&#0;on&#0;this&#0;certificate&#0;changes,&#0;the&#0;undersigned&#0;shall promptly&#0;so&#0;inform&#0;the&#0;Borrowers&#0;and&#0;the&#0;Administrative&#0;Agent,&#0;and&#0;(2&#0;&#0;the&#0;undersigned&#0;shall&#0;have&#0;at&#0;all times&#0; furnished&#0; the&#0; Borrowers&#0; and&#0; the&#0; Administrative&#0; Agent&#0; with&#0;a&#0; properly&#0; completed&#0; and&#0; currently effective&#0;certificate&#0;in&#0;either&#0;the&#0;calendar&#0;year&#0;in&#0;which&#0;each&#0;payment&#0;is&#0;to&#0;be&#0;made&#0;to&#0;the&#0;undersigned,&#0;or in&#0;either&#0;of&#0;the&#0;two&#0;calendar&#0;years&#0;preceding&#0;such&#0;payments.         Unless&#0;otherwise&#0;defined&#0;herein,&#0;terms&#0;defined&#0;in&#0; the&#0;Credit&#0;Agreement&#0;and&#0;used&#0;herein&#0;shall have&#0;the&#0;meanings&#0;given&#0;to&#0;them&#0;in&#0;the&#0;Credit&#0;Agreement.  [NAME&#0;OF&#0;LENDER&#0;

 

                                       EXHIBIT&#0;I                                        [FORM&#0;OF&#0;                       IRISH&#0;QUALIF&#0;ING&#0;LENDER&#0;CONFIRMATION  To:&#0; nVent&#0; Finance&#0; S.&#0;&#0; r.l.,&#0; a&#0; Luxembourg&#0; private&#0; limited&#0; liability&#0; company&#0; (Société  à  responsabilité limitée&#0;,&#0;having&#0;its&#0;registered&#0;office&#0;at&#0;26,&#0;boulevard&#0;Royal,&#0;L-2449&#0;Luxembourg&#0;and&#0;registered&#0;with&#0;the Luxembourg&#0; Trade&#0; and&#0; Companies&#0; Register&#0; (R.C.S.  Luxembourg&#0;&#0; under&#0; number&#0; B&#0; 219846,&#0; nVent Electric&#0;plc,&#0;Pentair&#0;Technical&#0;ProductsHoffman&#0;Schroff&#0;Holdings,&#0;Inc.,&#0;and&#0;JPMorgan&#0;Chase&#0;Bank, N.A.,&#0;as&#0;the&#0;Administrative&#0;Agent&#0;under&#0;the&#0;Credit&#0;Agreement&#0;referenced&#0;below:  Name&#0;of&#0;Lender:&#0;______________________________________  Address&#0;of&#0;Lender:&#0;____________________________________  Date:&#0;____________________________________         Reference&#0; is&#0; hereby&#0; made&#0; to&#0; that&#0; certain&#0; Credit&#0; Agreement,&#0; dated&#0; as&#0; of&#0; March&#0; 23,&#0; 2018&#0; (as amended,&#0;restated,&#0;supplemented&#0;or&#0;otherwise&#0;modified&#0;from&#0;time&#0;to&#0;time,&#0;the&#0;“Credit&#0;Agreement&#0;&#0;,&#0;by and&#0; among&#0; nVent&#0; Finance&#0; S.&#0;&#0; r.l.,&#0; nVent&#0; Electric&#0; plc,&#0; Pentair&#0; Technical&#0; ProductsHoffman&#0; Schroff Holdings,&#0;Inc.,&#0;the&#0;other&#0;Affiliate&#0;Borrowers&#0;from&#0;time&#0;to&#0;time&#0;party&#0;thereto,&#0;the&#0;institutions&#0;from&#0;time&#0;to time&#0;parties&#0;thereto&#0;as&#0;Lenders&#0;and&#0;JPMorgan&#0;Chase&#0;Bank,&#0;N.A.,&#0;in&#0;its&#0;capacity&#0;as&#0;Administrative&#0;Agent for&#0;itself&#0;and&#0;the&#0;other&#0;Lenders.         Pursuant&#0;to&#0;Section&#0;2.17(j&#0;&#0;of&#0;the&#0;Credit&#0;Agreement,&#0;the&#0;undersigned&#0;Lender&#0;hereby&#0;confirms,&#0;as at&#0;the&#0;date&#0;of&#0;this&#0;Confirmation,&#0;that&#0;it&#0;is:               not&#0;an&#0;Irish&#0;Qualifying&#0;Lender&#0;&#0;or               an&#0;Irish&#0;Qualifying&#0;Lender&#0;(under&#0;paragraph&#0;(f&#0;&#0;of&#0;the&#0;definition&#0;&#0;&#0;or               an&#0; Irish&#0; Qualifying&#0; Lender&#0; (under&#0; paragraphs&#0; (a&#0;,&#0; (b&#0;,&#0; (c&#0;,&#0; (d&#0;,&#0; (e&#0;,&#0; or&#0; (g&#0;&#0; of&#0; the              definition&#0;.  [NAME&#0;OF&#0;LENDER&#0;  By:_____________________ Name: Title:Exhibit

Exhibit 4.7

DESCRIPTION OF SHARE CAPITAL
The following description of the share capital of nVent Electric plc (“nVent,” the “Company,” “we,” “our” or “us) summarizes the material terms and provisions that apply to our share capital.  The summary is subject to and qualified in its entirety by reference to our amended and restated memorandum and articles of association (the “articles of association”), which are filed as an exhibit to this Annual Report on Form 10-K.  The summaries and descriptions below do not purport to be complete statements of the Companies Act 2014 of Ireland (as amended) (the “Irish Companies Act”).
Capital Structure
nVent’s authorized share capital consists of €25,000 and $4,200,000, divided into 25,000 euro deferred shares with a nominal value of €1.00 per share, 400,000,000 ordinary shares with a nominal value of $0.01 per share and 20,000,000 preferred shares with a nominal value of $0.01 per share. The authorized share capital includes 25,000 euro deferred shares with a nominal value of €1.00 per share in order to satisfy minimum statutory requirements for Irish public limited companies. These euro deferred shares carry no voting or dividend rights. 
nVent may issue shares subject to the maximum authorized share capital contained in the articles of association. The authorized share capital may be increased by a resolution approved by a two-thirds majority of the votes of nVent shareholders cast at a general meeting (referred to as a “variation resolution”) or reduced by a resolution approved by a simple majority of the votes of nVent shareholders cast at a general meeting (referred to under Irish law as an “ordinary resolution”). The shares comprising the authorized share capital of nVent may be divided into shares of such nominal value as the resolution shall prescribe.
As a matter of Irish law, the directors of a company (or a duly authorized committee thereof) may cause the company to issue new ordinary or preferred shares without shareholder approval once authorized to do so by the articles of association of the company or by an ordinary resolution adopted by the shareholders at a general meeting. An ordinary resolution requires over 50 percent of the votes of a company’s shareholders cast at a general meeting (in person or by proxy). The authority conferred can be granted for a maximum period of five years, at which point it must be renewed by the shareholders of the company by an ordinary resolution. The articles of association of nVent authorize our board of directors to issue new ordinary or preferred shares without shareholder approval until April 30, 2023 (subject to the limits provided for in the New York Stock Exchange (the “NYSE”) Listed Company Manual).
The rights and restrictions to which the ordinary shares are subject are prescribed in the articles of association. nVent’s articles of association entitle our board of directors, without shareholder approval, to determine the terms of preferred shares issued by nVent. Preferred shares may, among other things, be preferred as to dividends, rights on a winding up or voting in such manner as the directors of nVent may resolve. The preferred shares may also be redeemable at the option of the holder of the preferred shares or at the option of nVent, and may be convertible into or exchangeable for shares of any other class or classes of nVent, depending on the terms of such preferred shares. The issuance of preferred shares is subject to applicable law, including as appropriate the Irish Takeover Rules (as defined herein).
Preemption Rights
Under Irish law, certain statutory preemption rights apply automatically in favor of shareholders where shares are to be issued for cash. However, nVent has opted out of these preemption rights in the articles of association as permitted under Irish company law. Because Irish law requires this opt-out to be renewed every five years by a resolution approved by not less than 75 percent of the votes of the nVent shareholders cast at a general meeting (referred to under the Irish Companies Act as a “special resolution”), the articles of association provide that this opt-out must be so renewed. If the opt-out is not renewed, shares issued for cash must be offered to existing nVent shareholders on a pro rata basis to their existing shareholding before the shares can be issued to any new shareholders. The statutory preemption rights do not apply where shares are issued for non-cash consideration (such as in a stock-for-stock acquisition) and do not apply to the issue of non-equity shares (that is, shares that have the right to participate only up to a specified amount in any income or capital distribution) or where shares are issued pursuant to an employee option or similar equity plan.
Dividends
Under Irish law, dividends and distributions may only be made from distributable reserves. Distributable reserves generally means accumulated realized profits less accumulated realized losses and includes reserves created by way of capital reduction. In addition, no distribution or dividend may be made unless the net assets of nVent are equal to, or in excess of, the aggregate of nVent’s called-up share capital plus undistributable reserves and the distribution does not reduce nVent’s net assets below such aggregate. Undistributable reserves include the share premium account, the capital redemption reserve fund and the amount by which nVent’s accumulated unrealized profits, so far as not previously utilized by any capitalization, exceed nVent’s accumulated unrealized losses, so far as not previously written off in a reduction or reorganization of capital.

The determination as to whether or not nVent has sufficient distributable reserves to fund a dividend must be made by reference to the “relevant financial statements” of nVent. The “relevant financial statements” will be either the last set of unconsolidated annual audited financial statements or other financial statements properly prepared in accordance with the Irish Companies Act, that is initial financial statements or interim financial statements, which give a “true and fair view” of nVent’s unconsolidated financial position and accord with accepted accounting practice. The relevant financial statements must be filed in the Companies Registration Office (the official public registry for companies in Ireland).
The articles of association authorize the directors to declare dividends to the extent they appear justified by profits without shareholder approval. Our board of directors may also recommend a dividend to be approved and declared by the nVent shareholders at a general meeting. Our board of directors may direct that the payment be made by distribution of assets, shares or cash and no dividend issued may exceed the amount recommended by the directors. Dividends may be declared and paid in the form of cash or non-cash assets and may be paid in U.S. dollars or any other currency. All holders of nVent ordinary shares will participate pro rata in respect of any dividend which may be declared in respect of nVent ordinary shares.
The directors of nVent may deduct from any dividend payable to any shareholder any amounts payable by such shareholder to nVent in relation to the nVent ordinary shares.
The directors of nVent are also entitled to issue shares with preferred rights to participate in dividends declared by nVent. The holders of such preferred shares may, depending on their terms, be entitled to claim arrears of a declared dividend out of subsequently declared dividends in priority to shareholders.
Share Repurchases, Redemptions and Conversions
Overview
The articles of association provide that any ordinary shares which nVent has agreed to acquire shall be deemed to be a redeemable share, unless our board of directors resolves otherwise. Accordingly, for Irish company law purposes, the repurchase of ordinary shares by nVent will technically be effected as a redemption of those shares as described below under “Repurchases and Redemptions by nVent.” If the articles of association did not contain such provision, all repurchases by nVent would be subject to many of the same rules that apply to purchases of nVent ordinary shares by subsidiaries described below under “Purchases by Subsidiaries of nVent” including the shareholder approval requirements described below and the requirement that any on-market purchases be effected on a “recognized stock exchange.” Neither Irish law nor any constituent document of nVent places limitations on the right of nonresident or foreign owners to vote or hold nVent ordinary shares. Except where otherwise noted, references elsewhere in this document to repurchasing or buying back nVent ordinary shares refer to the redemption of ordinary shares by nVent or the purchase of nVent ordinary shares by a subsidiary of nVent, in each case in accordance with the articles of association and Irish company law as described below.
Repurchases and Redemptions by nVent
Under Irish law, a company may issue redeemable shares and redeem them out of distributable reserves or the proceeds of a new issue of shares for that purpose. nVent may only issue redeemable shares if the nominal value of the issued share capital that is not redeemable is not less than 10 percent of the nominal value of the total issued share capital of nVent. All redeemable shares must also be fully paid and the terms of redemption of the shares must provide for payment on redemption. Redeemable shares may, upon redemption, be canceled or held in treasury. Based on the provision of the articles of association described above, shareholder approval will not be required to redeem nVent ordinary shares.
nVent may also be given an additional general authority by its shareholders to purchase its own shares on-market which would take effect on the same terms and be subject to the same conditions as applicable to purchases by nVent’s subsidiaries as described below.
Our board of directors is also entitled to issue preferred shares, which may be redeemed at the option of either nVent or the shareholder, depending on the terms of such preferred shares. For additional information on redeemable shares, see “Capital Structure.”
Repurchased and redeemed shares may be canceled or held as treasury shares. The nominal value of treasury shares held by nVent at any time must not exceed 10 percent of the nominal value of the issued share capital of nVent. nVent may not exercise any voting rights in respect of any shares held as treasury shares. Treasury shares may be canceled by nVent or re-issued subject to certain conditions.
Purchases by Subsidiaries of nVent

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Under Irish law, an Irish or non-Irish subsidiary may purchase nVent ordinary shares either as overseas market purchases or off-market purchases. For a subsidiary of nVent to make overseas market purchases of nVent ordinary shares, the nVent shareholders must provide general authorization for such purchase by way of ordinary resolution. However, as long as this general authority has been granted, no specific shareholder authority for a particular overseas market purchase by a subsidiary of nVent ordinary shares is required. For an off-market purchase by a subsidiary of nVent, the proposed purchase contract must be authorized by special resolution of the shareholders before the contract is entered into. The person whose nVent ordinary shares are to be bought back cannot vote in favor of the special resolution and, for at least 21 days prior to the special resolution being passed, the purchase contract must be on display or must be available for inspection by shareholders at the registered office of nVent.
In order for a subsidiary of nVent to make an overseas market purchase of nVent ordinary shares, such shares must be purchased on a “recognized stock exchange.” The NYSE, on which the nVent ordinary shares are listed, is specified as a recognized stock exchange for this purpose by Irish company law.
The number of nVent ordinary shares acquired and held by the subsidiaries of nVent at any time will count as treasury shares and will be included in any calculation of the permitted treasury share threshold of 10 percent of the nominal value of the issued share capital of nVent. While a subsidiary holds nVent ordinary shares, it cannot exercise any voting rights in respect of those shares. The acquisition of nVent ordinary shares by a subsidiary must be funded out of distributable reserves of the subsidiary.
Liens on Shares, Calls on Shares and Forfeiture of Shares
The articles of association provide that nVent will have a first and paramount lien on every share that is not a fully paid up share for all moneys payable, whether presently due or not in respect of such nVent ordinary shares. Subject to the terms of their allotment, directors may call for any unpaid amounts in respect of any nVent ordinary shares to be paid, and if payment is not made, the shares may be forfeited. These provisions are standard inclusions in the articles of association of an Irish company limited by shares such as nVent and are only be applicable to nVent ordinary shares that have not been fully paid up.
Consolidation and Division; Subdivision
The articles of association provide that nVent may, by ordinary resolution, consolidate and divide all or any of its share capital into shares of larger nominal value than its existing shares or subdivide its shares into smaller amounts than is fixed by the articles of association.
Reduction of Share Capital
nVent may, by ordinary resolution, reduce its authorized share capital in any way. nVent also may, by special resolution and subject to confirmation by the Irish High Court, reduce or cancel its issued share capital (which includes share premium) in any manner permitted by the Irish Companies Act.
Extraordinary General Meetings of Shareholders
Extraordinary general meetings of nVent may be convened (i) by our board of directors, (ii) on requisition of the shareholders holding not less than 10 percent of the paid-up share capital of nVent carrying voting rights or (iii) on requisition of nVent’s auditors. Extraordinary general meetings are generally held for the purposes of approving shareholder resolutions as may be required from time to time. At any extraordinary general meeting only such business shall be conducted as is set forth in the notice thereof.
Voting
Each ordinary share is entitled to one vote on each matter properly brought before the shareholders.  At any meeting of nVent, all resolutions will be decided on a poll. Treasury shares of nVent ordinary shares that are held by subsidiaries of nVent will not be entitled to be voted at general meetings of shareholders.
Irish company law requires special resolutions of the shareholders at a general meeting to approve certain matters. Examples of matters requiring special resolutions include:
		
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	amending the objects or memorandum of association of nVent;

		
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	amending the articles of association;

		
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	approving a change of name of nVent;

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	authorizing the entering into of a guarantee or provision of security in connection with a loan, quasi-loan or credit transaction to a director or connected person;

		
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	opting out of preemption rights on the issuance of new shares;

		
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	re-registration of nVent from a public limited company to a private company;

		
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	variation of class rights attaching to classes of shares (where the articles of association do not provide otherwise);

		
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	purchase of nVent shares off-market;

		
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	reduction of issued share capital;

		
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	sanctioning a compromise/scheme of arrangement;

		
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	resolving that nVent be wound up by the Irish courts;

		
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	resolving in favor of a shareholders’ voluntary winding-up;

		
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	re-designation of shares into different share classes;

		
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	setting the re-issue price of treasury shares; and

		
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	a merger pursuant to the EU Cross-Border Merger Directives 2005/56/EC.

Variation of Rights Attaching to a Class or Series of Shares
Under the Irish Companies Act and as provided in the articles of association, any variation of class rights attaching to any issued class of nVent shares must be approved in writing by holders of three-quarters of the issued shares in that class or with the sanction of a special resolution passed at a separate general meeting of the holders of the shares of that class, provided that, if the relevant class of holders has only one holder, that person present in person or by proxy shall constitute the necessary quorum. nVent’s articles of association expressly provide that any issue of preferred shares (whatever the rights attaching to them) will be deemed not to be a variation of the rights of shareholders.
Acquisitions
An Irish public limited company may be acquired in a number of ways, including:
		
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	a court-approved scheme of arrangement under the Irish Companies Act. A scheme of arrangement with shareholders requires a court order from the Irish High Court and the approval of a majority in number representing 75 percent in value of the shareholders present and voting in person or by proxy at a meeting called to approve the scheme;

		
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	through a tender or takeover offer by a third party for all of the nVent ordinary shares. Where the holders of 80 percent or more of nVent ordinary shares have accepted an offer for their shares in nVent, the remaining shareholders may also be statutorily required to transfer their shares. If the bidder does not exercise its “squeeze out” right, then the non-accepting shareholders also have a statutory right to require the bidder to acquire their shares on the same terms. If nVent ordinary shares were to be listed on the Irish Stock Exchange or another regulated stock exchange in the European Union, this threshold would be increased to 90 percent; 

		
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	it is also possible for nVent to be acquired by way of a transaction with an EU-incorporated company under the Directive (EU) 2017/1132. Such a transaction must be approved by a special resolution. If nVent is being merged with another EU company under Directive (EU) 2017/1132 and the consideration payable to nVent shareholders is not all in the form of cash, nVent shareholders may be entitled to require their shares to be acquired at fair value; and

		
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	by way of merger with another Irish company under the Irish Companies Act, which must be approved by a special resolution and by the High Court of Ireland.

Disclosure of Interests in Shares

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Under the Irish Companies Act, nVent shareholders must notify nVent (but not the public at large) if, as a result of a transaction, the shareholder will become interested in 3 percent or more of any class of nVent shares carrying voting rights; or if as a result of a transaction a shareholder who was interested in more than 3 percent of any class of nVent shares carrying voting rights ceases to be so interested. Where a shareholder is interested in more than 3 percent of any class of nVent shares carrying voting rights, the shareholder must notify nVent (but not the public at large) of any alteration of his or her interest that brings his or her total holding through the nearest whole percentage number, whether an increase or a reduction. The relevant percentage figure is calculated by reference to the aggregate nominal value of the shares in which the shareholder is interested as a proportion of the entire nominal value of the issued share capital of nVent (or any such class of share capital in issue). Where the percentage level of the shareholder’s interest does not amount to a whole percentage this figure may be rounded down to the next whole number. nVent must be notified within five business days of the transaction or alteration of the shareholder’s interests that gave rise to the notification requirement. If a shareholder fails to comply with these notification requirements, the shareholder’s rights in respect of any nVent ordinary shares it holds will not be enforceable, either directly or indirectly, by action or legal proceeding. However, such person may apply to the court to have the rights attaching to such shares reinstated.
In addition to these disclosure requirements, nVent, under the Irish Companies Act, may, by notice in writing, require a person whom nVent knows or has reasonable cause to believe to be, or at any time during the three years immediately preceding the date on which such notice is issued to have been, interested in shares comprised in nVent’s relevant share capital to: (i) indicate whether or not it is the case and (ii) where such person holds or has during that time held an interest in any class of nVent shares carrying voting rights, to provide additional information as may be required by nVent, including particulars of the person’s own past or present interests in such class of nVent shares. If the recipient of the notice fails to respond within the reasonable time period specified in the notice, nVent may apply to court for an order directing that the affected shares be subject to certain restrictions, as prescribed by the Irish Companies Act, as follows:
		
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	any transfer of those shares, or in the case of unissued shares any transfer of the right to be issued with shares and any issue of shares, shall be void;

		
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	no voting rights shall be exercisable in respect of those shares;

		
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	no further shares shall be issued in right of those shares or in pursuance of any offer made to the holder of those shares; and

		
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	no payment shall be made of any sums due from nVent on those shares, whether in respect of capital or otherwise.

The court may also order that shares subject to any of these restrictions be sold with the restrictions terminating upon the completion of the sale.
In the event nVent is in an offer period pursuant to the Irish Takeover Panel Act 1997, Takeover Rules 2013 (as amended) (the “Irish Takeover Rules”), accelerated disclosure provisions apply for persons holding an interest in nVent securities of 1 percent or more.
Anti-Takeover Provisions
Irish Takeover Rules and Substantial Acquisition Rules
A transaction in which a third party seeks to acquire 30 percent or more of the voting rights of nVent is governed by the Irish Takeover Panel Act 1997 (the “Takeover Panel Act”) and the Irish Takeover Rules made thereunder and is regulated by the Irish Takeover Panel (the “Panel”). The “General Principles” of the Irish Takeover Rules and certain important aspects of the Irish Takeover Rules are described below.
General Principles
The Irish Takeover Rules are built on the following “General Principles” which will apply to any transaction regulated by the Panel:
		
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	in the event of an offer, all holders of security of the target company should be afforded equivalent treatment and, if a person acquires control of a company, the other holders of securities must be protected;

		
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	the holders of the securities in the target company must have sufficient time and information to enable them to reach a properly informed decision on the offer; where it advises the holders of securities, the board of the target company 

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must give its views on the effects of implementation of the offer on employment, conditions of employment and the locations of the target company’s places of business;
		
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	the board of the target company must act in the interests of the company as a whole and must not deny the holders of securities the opportunity to decide on the merits of the offer;

		
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	false markets must not be created in the securities of the target company, the bidder or of any other company concerned by the offer in such a way that the rise or fall of the prices of the securities becomes artificial and the normal functioning of the markets is distorted;

		
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	a bidder must announce an offer only after ensuring that he or she can fulfill in full, any cash consideration, if such is offered, and after taking all reasonable measures to secure the implementation of any other type of consideration;

		
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	a target company must not be hindered in the conduct of its affairs for longer than is reasonable by an offer for its securities; and

		
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	a “substantial acquisition” of securities (whether such acquisition is to be effected by one transaction or a series of transactions) shall take place only at an acceptable speed and shall be subject to adequate and timely disclosure.

Mandatory Bid
Under certain circumstances, a person who acquires shares or other voting rights in nVent may be required under the Irish Takeover Rules to make a mandatory cash offer for the remaining outstanding shares in nVent at a price not less than the highest price paid for the shares by the acquirer (or any parties acting in concert with the acquirer) during the previous 12 months. This mandatory bid requirement is triggered if an acquisition of shares would increase the aggregate holding of an acquirer (including the holdings of any parties acting in concert with the acquirer) to shares representing 30 percent or more of the voting rights in nVent, unless the Panel otherwise consents. An acquisition of shares by a person holding (together with its concert parties) shares representing between 30 percent and 50 percent of the voting rights in nVent would also trigger the mandatory bid requirement if, after giving effect to the acquisition, the percentage of the voting rights held by that person (together with its concert parties) would increase by 0.05 percent within a 12-month period. Any person (excluding any parties acting in concert with the holder) holding shares representing more than 50 percent of the voting rights of a company is not subject to these mandatory offer requirements in purchasing additional securities.
Voluntary Bid; Requirements to Make a Cash Offer and Minimum Price Requirements
If a person makes a voluntary offer to acquire outstanding nVent ordinary shares, the offer price must be no less than the highest price paid for nVent ordinary shares by the bidder or its concert parties during the three-month period prior to the commencement of the offer period. The Panel has the power to extend the “look back” period to 12 months if the Panel, taking into account the General Principles, believes it is appropriate to do so.
If the bidder or any of its concert parties has acquired nVent ordinary shares (i) during the period of 12 months prior to the commencement of the offer period which represent more than 10 percent of the total nVent ordinary shares or (ii) at any time after the commencement of the offer period, the offer must be in cash (or accompanied by a full cash alternative) and the price per nVent ordinary shares must not be less than the highest price paid by the bidder or its concert parties during, in the case of (i), the 12-month period prior to the commencement of the offer period and, in the case of (ii), the offer period. The Panel may apply this rule to a bidder who, together with its concert parties, has acquired less than 10 percent of the total nVent ordinary shares in the 12-month period prior to the commencement of the offer period if the Panel, taking into account the General Principles, considers it just and proper to do so.
An offer period will generally commence from the date of the first announcement of the offer or proposed offer.
Substantial Acquisition Rules
The Irish Takeover Rules also contain rules governing substantial acquisitions of shares which restrict the speed at which a person may increase his or her holding of shares and rights over shares to an aggregate of between 15 percent and 30 percent of the voting rights of nVent. Except in certain circumstances, an acquisition or series of acquisitions of shares or rights over shares representing 10 percent or more of the voting rights of nVent is prohibited, if such acquisition(s), when aggregated with shares or rights already held, would result in the acquirer holding 15 percent or more but less than 30 percent of the voting rights of nVent and such acquisitions are made within a period of seven days. These rules also require accelerated disclosure of acquisitions of shares or rights over shares relating to such holdings.

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Frustrating Action
Under the Irish Takeover Rules, our board of directors is not permitted to take any action which might frustrate an offer for nVent ordinary shares once our board of directors has received an approach which may lead to an offer or has reason to believe an offer is imminent, subject to certain exceptions. Potentially frustrating actions such as (i) the issue of shares, options or convertible securities, (ii) material acquisitions or disposals, (iii) entering into contracts other than in the ordinary course of business or (iv) any action, other than seeking alternative offers, which may result in frustration of an offer, are prohibited during the course of an offer or at any time during which our board of directors has reason to believe an offer is imminent. Exceptions to this prohibition are available where:
		
	a)
	the action is approved by nVent shareholders at a general meeting; or

		
	b)
	the Panel has given its consent where:

		
	i.
	it is satisfied the action would not constitute frustrating action;

		
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	nVent shareholders that hold 50 percent of the voting rights state in writing that they approve the proposed action and would vote in favor of it at a general meeting;

		
	iii.
	the action is taken in accordance with a contract entered into prior to the announcement of the offer; or

		
	iv.
	the decision to take such action was made before the announcement of the offer and either has been at least partially implemented or is in the ordinary course of business.

Certain other provisions of Irish law or the articles of association may be considered to have anti-takeover effects, including those described under the following captions in this section: “—Capital Structure,” “—Preemption Rights” and “—Disclosure of Interests in Shares.”
Interested Shareholder Provision
nVent’s articles of association contain a provision that generally mirrors Section 203 of the Delaware General Corporation Law, an anti-takeover statute that prohibits a publicly held Delaware corporation from engaging in a “business combination” with an “interested” shareholder for a period of three years following the time the person became an interested shareholder, unless the business combination or the acquisition of shares that resulted in a shareholder becoming an interested shareholder is approved in a prescribed manner. Generally, a “business combination” includes a merger, asset or stock sale, or other transaction resulting in a financial benefit to the interested shareholder. An “interested” shareholder under this provision of nVent’s articles of association is defined to be a person or entity who, together with its affiliates and associates, owns (or within three years prior to the determination of interested shareholder status did own) fifteen percent (15 percent) or more of nVent’s voting shares, which is the same threshold contained in Section 203 of the Delaware General Corporation Law. The existence of this provision would be expected to have an anti-takeover effect with respect to transactions not approved in advance by the nVent board of directors, including discouraging attempts that might result in a premium over the market price for the ordinary shares held by nVent shareholders.
Shareholder Rights Plans and Share Issuances
Irish law does not expressly prohibit companies from issuing share purchase rights or adopting a shareholder rights plan (commonly known as a “poison pill”) as an anti-takeover measure. However, there is no directly relevant case law on the validity of such plans under Irish law. In addition, such a plan would be subject to the Irish Takeover Rules.
nVent’s articles of association allow the board to adopt a shareholder rights plan upon such terms and conditions as our board of directors deems expedient and in the best interests of nVent, subject to applicable law.
Subject to the Irish Takeover Rules, our board of directors also has the power to cause nVent to issue any of its authorized and unissued shares on such terms and conditions as our board of directors may determine (as described under “Capital Structure”) and any such action must be taken in the best interests of nVent. It is possible, however, that the terms and conditions of any issue of preferred shares could discourage a takeover or other transaction that holders of some or a majority of the ordinary shares believe to be in their best interests or in which holders might receive a premium for their shares over the then market price of the shares.
Amendment of Governing Documents

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Under Irish law, Irish companies may only alter their memorandum and articles of association by a resolution of the shareholders approved by 75 percent of the votes cast at a general meeting. An Irish company is not permitted to opt out of this requirement.
Duration; Dissolution; Rights upon Liquidation
nVent’s corporate existence is unlimited. nVent may be dissolved and wound up at any time by way of a shareholders’ voluntary winding up or a creditors’ winding up. In the case of a shareholders’ voluntary winding-up, a special resolution of shareholders is required (i.e., 75 percent of the votes cast, in person or by proxy, at a general meeting of shareholders). nVent may also be dissolved by way of court order on the application of a creditor, or by the Companies Registration Office as an enforcement measure where nVent has failed to file certain returns.
The rights of the shareholders to a return of nVent’s assets on dissolution or winding up, following the settlement of all claims of creditors, may be prescribed in the articles of association or the terms of any preferred shares issued by the directors of nVent from time to time. The holders of preferred shares in particular may have the right to priority in a dissolution or winding up of nVent. If the articles of association contain no specific provisions in respect of a dissolution or winding up, then, subject to the priorities of any creditors, the assets will be distributed to shareholders in proportion to the paid-up nominal value of the shares held. The articles of association provide that the nVent shareholders are entitled to participate pro rata in a winding up, but their right to do so may be subject to the rights of any preferred shareholder to participate under the terms of any series or class of preferred shares.
No Sinking Fund
The nVent ordinary shares have no sinking fund provisions.
No Liability for Further Calls or Assessments
All of our issued ordinary shares are duly and validly issued and fully paid.
Transfer and Registration of Shares
The transfer agent for nVent maintains the share register, registration in which will be determinative of membership in nVent. A shareholder of nVent who holds shares beneficially will not be the holder of record of such shares. Instead, the depository or other nominee is the holder of record of those shares. Accordingly, a transfer of shares from a person who holds such shares beneficially to a person who also holds such shares beneficially through a depository or other nominee will not be registered in our official share register, as the depository or other nominee will remain the record holder of any such shares.
A written instrument of transfer is required under Irish law to register on our official share register any transfer of shares (i) from a person who holds such shares directly to any other person, (ii) from a person who holds such shares beneficially to a person who holds such shares directly or (iii) from a person who holds such shares beneficially to another person who holds such shares beneficially where the transfer involves a change in the depository or other nominee that is the record owner of the transferred shares. An instrument of transfer is also required for a shareholder who directly holds shares to transfer those shares into his or her own broker account (or vice versa). Such instruments of transfer may give rise to Irish stamp duty, which must be paid prior to registration of the transfer on our official Irish share register. However, a shareholder who directly holds shares may transfer those shares into his or her own broker account (or vice versa) without giving rise to Irish stamp duty, provided that the shareholder has confirmed to our transfer agent that there is no change in the ultimate beneficial ownership of the shares as a result of the transfer and the transfer is not made in contemplation of a sale of the shares.
Any transfer of nVent ordinary shares that is subject to Irish stamp duty will not be registered in the name of the buyer unless an instrument of transfer is duly stamped and provided to the transfer agent. The articles of association allow nVent, in its absolute discretion, to create an instrument of transfer and pay (or procure the payment of) any stamp duty, which is the legal obligation of a buyer. In the event of any such payment, nVent is (on behalf of itself or its affiliates) entitled to (i) seek reimbursement from the buyer or seller (at its discretion), (ii) set-off the amount of the stamp duty against future dividends payable to the buyer or seller (at its discretion) and (iii) claim a lien against the nVent ordinary shares on which it has paid stamp duty. Parties to a share transfer may assume that any stamp duty arising in respect of a transaction in nVent ordinary shares has been paid unless one or both of such parties is otherwise notified by nVent.
The articles of association delegate to our secretary or assistant secretary (or their nominees) the authority to execute an instrument of transfer on behalf of a transferring party.

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In order to help ensure that the official share register is regularly updated to reflect trading of nVent ordinary shares occurring through normal electronic systems, nVent intends to regularly produce any required instruments of transfer in connection with any transactions for which it pays stamp duty (subject to the reimbursement and set-off rights described above). In the event that nVent notifies one or both of the parties to a share transfer that it believes stamp duty is required to be paid in connection with the transfer and that it will not pay the stamp duty, the parties may either themselves arrange for the execution of the required instrument of transfer (and may request a form of instrument of transfer from nVent for this purpose) or request that nVent execute an instrument of transfer on behalf of the transferring party in a form determined by nVent. In either event, if the parties to the share transfer have the instrument of transfer duly stamped (to the extent required) and then provide it to our transfer agent, the buyer will be registered as the legal owner of the relevant shares on our official Irish share register (subject to the matters described below).
The directors may suspend registration of transfers from time to time, not exceeding 30 days in aggregate each year.

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