Document:

Exhibit 10.2

 

AMENDMENT NO. 2 TO LOAN AND SECURITY AGREEMENT

 

This Amendment No.
2 to Loan and Security Agreement (this “Amendment”) is entered into and made effective as of August 27, 2018,
by and between Llama Productions LLC, a California limited liability company (the “Borrower”), and Bank Leumi
USA, a New York banking corporation (the “Lender”).

 

RECITALS

 

This Amendment is being
entered into in reference to the following facts:

 

(A)       The
Borrower and the Lender entered into a Loan and Security Agreement (the “Agreement”), dated as of August 5,
2016 and amended as of November 7, 2017, in connection with original premium pay animated children’s episodic television
series tentatively entitled Llama Llama.

 

(B)       The
parties hereto desire to amend the Agreement.

 

NOW, THEREFORE, in
consideration of the mutual covenants contained herein the parties hereto hereby agree as follows.

 

 

ARTICLE 1 - AMENDMENTS

 

1.1Recitals.The first Recital
of the Agreement is hereby amended and restated to read in its entirety as follows:

 

“The Borrower
has requested that the Lender make a loan to the Borrower of up to $1,768,010.29, the proceeds of which shall be used to pay a
portion of the expenses of producing, completing and delivering fifteen (15) episodes of a premium pay animated children’s
television series tentatively entitled Llama Llama and to pay interest, fees, costs and other amounts related thereto. The
Lender is willing to make such a loan to the Borrower on the terms contained herein.”

1.2 Amendments
to Section 1.1.The following definitions in Section 1.1 of the Agreement are hereby amended and restated to read in its
entirety as follows:

 

““Commitment”
means one million seven hundred sixty-eight thousand ten Dollars and twenty nine cents ($1,768,010.29).”

 

““Interest
and Fee Reserve” means $50,449.”

 

“”Season
One” shall mean collectively, each of the Season One Episodes, including the sound recordings thereof, as well as trailers
and clips thereof, produced by means of any photographic, electronic, mechanical or other processes or devices now or hereafter
known, invented, used or contemplated, by which photographs, films, drawings, images or other visual reproductions or representations
are or may be printed, imprinted, recorded or otherwise preserved on film, tape or any other material of any description (whether
translucent or not) for later projection, exhibition or transmission by any means or media now known or hereafter devised, in such
manner that the same are or appear to be in motion or in sequence on a screen, mirror, tube or other medium or device, whether
or not accompanied by sound recording.”

 

““Season
One Episodes” collectively means each of episodes of Season One and “Season One Episode” means any
of the Season One Episodes.”

 

““Season
Two” shall mean collectively, each of the Season Two Episodes, including the sound recordings thereof, as well as trailers
and clips thereof, produced by means of any photographic, electronic, mechanical or other processes or devices now or hereafter
known, invented, used or contemplated, by which photographs, films, drawings, images or other visual reproductions or representations
are or may be printed, imprinted, recorded or otherwise preserved on film, tape or any other material of any description (whether
translucent or not) for later projection, exhibition or transmission by any means or media now known or hereafter devised, in such
manner that the same are or appear to be in motion or in sequence on a screen, mirror, tube or other medium or device, whether
or not accompanied by sound recording.”

 

 

 

    	 	1	 

     

    

 

““Season
Two Borrower” means Llama Productions LLC, a California limited liability company, in its capacity as borrower under
the Season Two Loan Agreement.”

 

““Season
Two Episodes” collectively means each of the ten (10) sequential episodes of Season Two, and “Season Two Episode”
means any of the Season Two Episodes.”

 

““Season
Two Loan Agreement” means the Loan and Security Agreement between the Lender and the Season Two Borrower in connection
with Season Two.”

 

““Season
Two Obligations” means, the ‘Obligations’ of the Season Two Borrower as defined in the Season Two Loan Agreement.”

 

““Series”
means the premium pay animated children’s television series tentatively entitled Llama Llama, by whatever title such
television series is now or may hereafter become known, including Season One, Season Two and any subsequent seasons.”

 

1.3 Amendment
of Obligations.The definition of Obligations contained in Section 1.1 of the Agreement is hereby amended and restated to
read in its entirety as follows:

 

““Obligations”
collectively means (a) all present and future loans, advances, liabilities, obligations, covenants, duties, and indebtedness owing
by the Borrower to the Lender in connection with the Series, whether or not arising under this Agreement or any of the other Loan
Documents, whether or not evidenced by any note, or other instrument or document, whether arising from an extension of credit,
opening of a letter of credit, acceptance, loan, guaranty, indemnification or otherwise, whether direct or indirect (including,
without limitation, those acquired by assignment from others, and any participation by the Lender in any of Borrower’s and/or
any such other Person’s debts owing to others), absolute or contingent, due or to become due, primary or secondary, as principal
or guarantor, and including, without limitation, all principal, interest (including interest accruing prior to or after the initiation
of insolvency proceedings, whether or not allowed), charges, expenses, fees, reasonable outside attorneys’ fees and costs,
filing fees and any other sums chargeable to the Borrower hereunder or under any other Loan Document; and (b) the Season Two Obligations.”

 

1.4 Amendment
of Section 4.6.Section 4.6 of the Agreement is hereby amended and restated to read in its entirety as follows:

 

“Apportionment,
Application and Reversal of Payments. All payments not constituting payment of specific fees and all Collateral Proceeds received
by the Lender shall be applied, subject to the provisions of this Agreement, first, to pay any fees, expense reimbursements
or indemnities (other than interest and principal) then due to the Lender from the Borrower; second, to pay interest due
in respect of all Loans; third, to pay principal of the Loans; fourth, to the payment of any other Obligations due
to the Lender, exclusive of the Season Two Obligations; and fifth, to pay the Season Two Obligations. Notwithstanding any
provision of this or any of the other Loan Documents to the contrary, if the Lender determines at any time that the Interest and
Fee Reserve will be less than the total amount of interest accruing on the Loan before repayment thereof in full, then the Lender
may retain proceeds in the Collection Account, in an amount determined by the Lender in its reasonable discretion to pay interest,
at the interest rates provided for under this Agreement, owing on the Obligations on a current basis as a cash reserve to be applied
by the Lender to interest as and when due hereunder. The Lender shall have the continuing and exclusive right to apply and reverse
and reapply any and all such proceeds and payments to any portion of the Obligations in such order as the Lender may determine
in its sole and absolute discretion.”

 

1.5Amendment of Section 11.1.Section
11.1 of the Agreement is hereby amended by the addition of a new Subsection (r) as follows:

 

“(r)       an
Event of Default under the terms of the Season Two Loan Agreement.”

 

 

ARTICLE 2 – CONDITIONS

 

2.1Conditions Precedent.This
Amendment shall become effective upon the execution and delivery of this Amendment and Amendment No. 2 to the Promissory Note being
entered into concurrently herewith.

 

 

 

 

    	 	2	 

     

    

 

ARTICLE 3 – GENERAL PROVISIONS

 

3.1Full Force and Effect.
Except as expressly amended hereby, the Agreement is and shall remain unmodified and in full force and effect.

 

3.2Counterparts.This
Amendment may be executed in any number of counterparts, each of which shall be an original of this Amendment and all of such counterparts
taken together shall be deemed to constitute one and the same instrument. Executed copies of the signature pages of this Amendment
sent by facsimile or transmitted electronically in either Tagged Image Format Files (TIFF) or Portable Document Format (PDF) or
other customary universal formats shall be treated as originals, fully binding and with full legal force and effect, and the parties
waive any rights they may have to object to such treatment. Any party delivering an executed signature page to this Amendment by
facsimile, TIFF or PDF shall also deliver a manually executed counterpart of this Amendment as quickly as practicable after execution
of this Amendment, but failure to do so shall not of itself entitle a Party to treat this Amendment as invalid, unenforceable,
or without binding effect.

 

3.3Governing
Law.This Amendment and the rights and obligations of the parties hereto shall be governed by and construed and enforced
in accordance with the laws of the State of California without reference to its conflict or choice of law principles.

 

3.4Final Agreement.This
Amendment is intended by the Borrower and the Lender to be the final, complete, and exclusive expression of the agreement between
them with respect to the subject matter hereof. This Amendment supersedes any and all prior oral or written agreements relating
to the subject matter hereof.

 

[signatures appear on next page]

 

 

 

    	 	3	 

     

    

 

 

 

IN WITNESS WHEREOF,
the parties have executed this Amendment by and through its duly authorized representative as of the date and year first written
above.

 

	
        “LENDER”

        Bank Leumi USA

         

        By: /s/ David K. Henry

        Name: David K. Henry

        Its: First Vice President

         

        By: /s/ Catherine C. Burke

        Name: Catherine Burke

        Its: Vice President
	
        “BORROWER”

        Llama Productions LLC

         

         

        By: /s/ Andy Heyward

        Name: Andy Heyward

        Its: President

         

 

 

 

 

    	 	4Exhibit 10.1

 

EXECUTION
VERSION

 

 

AMENDMENT
AGREEMENT

 

This
AMENDMENT AGREEMENT dated as of October 1, 2018 (this “Amendment”) to the Credit Agreement dated as of August
27, 2018 (as amended, supplemented or otherwise modified prior to the Amendment Effective Date (as defined below), the “Credit
Agreement”), among ULTRA CLEAN HOLDINGS, INC. (the “Parent Borrower”), any Subsidiary Borrowers (as
defined therein) from time to time parties thereto, the several banks and other financial institutions or entities from time to
time parties thereto (the “Lenders”) and BARCLAYS BANK PLC, as administrative agent (in such capacity, the
“Administrative Agent”) is entered into by and among the Parent Borrower, the other Loan Parties, the Lenders
party hereto and the Administrative Agent.

 

W
I T N E S S E T H:

 

WHEREAS,
pursuant to the Credit Agreement, the Lenders have agreed to make, and have made, certain loans and other extensions of credit
to the Parent Borrower;

 

WHEREAS,
pursuant to Section 10.1 of the Credit Agreement, the Parent Borrower, the Required Lenders and the Administrative Agent wish
to amend the Credit Agreement as of the Amendment Effective Date (as defined herein); and

 

WHEREAS,
the Parent Borrower, the Administrative Agent and the Lenders party hereto are willing to agree to this Amendment and the Amended
Credit Agreement (as defined herein) on the terms set forth herein.

 

NOW
THEREFORE, in consideration of the premises and mutual covenants hereinafter set forth, the parties hereto agree as follows:

 

SECTION
1.          Definitions. Unless otherwise defined herein, terms defined in
the Amended Credit Agreement and used herein shall have the meanings given to them in the Amended Credit Agreement.

 

SECTION
2.          Amendments to Credit Agreement.

 

(a)               
Effective as of the Amendment Effective Date, the Credit Agreement (other than the schedules and exhibits thereto) is hereby 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 Exhibit A hereto (the Credit Agreement as so amended, the “Amended Credit Agreement”).

 

SECTION
3.          Amendment Effective Date. This Amendment shall become effective
as of the date (the “Amendment Effective Date”) on which the following conditions precedent have been satisfied:

 

(a)               
The Administrative Agent shall have received this Amendment, executed and delivered by the Administrative Agent, each Loan Party
and the Required Lenders.

 

(b)               
All costs, fees and expenses required to be paid by the Borrowers to the Administrative Agent, the Arrangers and the Lenders in
connection with the Amended Credit Agreement and this Amendment (including the reasonable and documented fees and expenses of
legal counsel to the Administrative Agent) shall have been paid, in each case with respect
to any such costs and expenses to the 

 

    

    

    

extent
invoiced to the Parent Borrower at least three (3) Business Days prior to the Amendment Effective Date (except as otherwise reasonably
agreed by the Parent Borrower).

 

SECTION
4.          Representations and Warranties. Each Loan Party hereby represents
and warrants to each of the Lenders and the Administrative Agent that, as of the Amendment Effective Date, (i) such Loan Party
has taken all necessary corporate action to authorize (x) the execution and delivery of this Amendment, (y) the performance
of this Amendment and the Amended Credit Agreement and (z) the extensions of credit on the terms and conditions of this Amendment
and the Amended Credit Agreement, (ii) this Amendment has been duly executed and delivered on its behalf, (iii) this Amendment
and the Amended Credit Agreement constitute its valid and binding obligations, enforceable against it in accordance with their
terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws
affecting the enforcement of creditors’ rights generally and by general equitable principles (whether enforcement is sought
by proceedings in equity or at law), (ii) both immediately before and immediately after giving effect to this Amendment and the
transactions contemplated hereby, no Default or Event of Default has occurred and is continuing and (iii) both immediately before
and immediately after giving effect to this Amendment and the transactions contemplated hereby, each of the representations and
warranties made by such Loan Party in or pursuant to the Loan Documents are true and correct in all material respects (or in all
respects if qualified by materiality) on and as of the Amendment Effective Date as if made on and as of such date, except to the
extent expressly made as of an earlier date, in which case such representations and warranties shall have been so true and correct
as of such earlier date.

 

SECTION
5.          Effect of Amendment.

 

5.1              
Except as expressly set forth herein, this Amendment shall not by implication or otherwise limit, impair, constitute a waiver
of or otherwise affect the rights and remedies of the Lenders or the Administrative Agent under the Credit Agreement or any other
Loan Document, and shall not alter, modify, amend or in any way affect any of the terms, conditions, obligations, covenants or
agreements contained in the Credit Agreement or any other provision of the Credit Agreement or of any other Loan Document, all
of which are ratified and affirmed in all respects and shall continue in full force and effect. Each Loan Party hereby approves
and consents to the amendments contemplated by this Amendment and agrees that its obligations under the Credit Agreement and the
other Loan Documents to which it is a party shall not be diminished as a result of the execution of this Amendment. Each Loan
Party acknowledges and agrees that all of the Liens and security interests created and arising under any Loan Document remain
in full force and effect and continue to secure its Obligations, unimpaired, uninterrupted and undischarged, regardless of the
effectiveness of this Amendment. Nothing herein shall be deemed to entitle any Borrower to a consent to, or a waiver, amendment,
modification or other change of, any of the terms, conditions, obligations, covenants or agreements contained in the Credit Agreement,
the Amended Credit Agreement or any other Loan Document in similar or different circumstances. Nothing in this Amendment shall
be deemed to be a novation of any obligations under the Credit Agreement or any other Loan Document.

 

5.2              
On and after the Amendment Effective Date, each reference in the Amended Credit Agreement to “this Agreement”, “hereunder”,
“hereof”, “herein”, or words of like import, and each reference to the “Credit Agreement”
in any other Loan Document shall be deemed a reference to the Credit Agreement as amended hereby. This Amendment shall constitute
a “Loan Document” for all purposes of the Amended Credit Agreement and the other Loan Documents.

 

SECTION
6.          General.

 

6.1              
GOVERNING LAW. THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER THIS AMENDMENT SHALL BE GOVERNED BY,
AND

 

    2

    

    

CONSTRUED
AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.

 

6.2              
Counterparts. This Amendment may be executed by one or more of the parties to this Amendment 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 signature page of this Amendment by email or facsimile transmission shall be effective as delivery of a manually
executed counterpart hereof.

 

6.3              
Headings. The headings of this Amendment are used for convenience of reference only, are not part of this Amendment and
shall not affect the construction of, or be taken into consideration in interpreting, this Amendment.

 

[remainder
of page intentionally left blank]

 

 

 

 

 

 

 

 

    3

    

    

IN
WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and delivered by their respective duly authorized
officers as of the day and year first above written.

 

 

	 	ULTRA CLEAN HOLDINGS, INC., as the
    Parent Borrower
	 	 	 
	 	 	 
	 	 	 
	 	By:	/s/ Sheri
    Savage
	 	 	Name: Sheri Savage
	 	 	Title:   Chief Financial Officer
	 	 	 
	 	 	 
	 	ULTRA CLEAN TECHNOLOGY SYSTEMS
	 	AND SERVICE, INC.,
	 	QUANTUM GLOBAL TECHNOLOGIES, LLC
	 	QUANTUM GLOBAL TECHNOLOGIES HOLDING
	 	COMPANY, LLC
	 	 	 
	 	 	 
	 	 	 
	 	By:	/s/ Sheri
    Savage
	 	     	Name: Sheri Savage
	 	      	Title:   Chief Financial Officer
	 	 	 
	 	 	 
	 	AMERICAN INTEGRATION TECHNOLOGIES
    LLC,
	 	UCT THERMAL SOLUTIONS, INC.
	 	 	 
	 	 	 
	 	 	 
	 	By:	/s/ Sheri
    Savage
	 	      	Name: Sheri Savage
	 	      	Title:   Treasurer

 

 

    
Amendment to Credit Agreement
Ultra Clean Holdings, Inc.

    

    

 

	 	BARCLAYS BANK PLC,
	 	as Administrative Agent and a Lender
	 	 	 
	 	 	 
	 	 	 
	 	By:	/s/ Craig
    Malloy
	 	       	Name: Craig Malloy
	 	        	Title:   Director

 

    
Amendment to Credit Agreement
Ultra Clean Holdings, Inc.

    

    

 

 

	 	HSBC BANK USA, NATIONAL ASSOCIATION,
	 	as a Lender
	 	 	 
	 	 	 
	 	 	 
	 	By:	/s/ Tyler
    J. Mei
	 	       	Name: Tyler J. Mei
	 	        	Title:   Vice President 21702
	 	 	 Commercial Banking
	 	 	 HSBCBank USA,
    N.A.

 

 

    
Amendment to Credit Agreement
Ultra Clean Holdings, Inc.

    

    

EXHIBIT
a

 

AMENDED
CREDIT AGREEMENT

 

     

     

    

 

 

EXECUTIONILLUSTRATIVE
CONFORMED VERSION

 

 

 

 

 

CREDIT
AGREEMENT

 

among

 

ULTRA
CLEAN HOLDINGS, INC.

 

as
Parent Borrower,

 

The
Subsidiary Borrowers from Time to Time Parties Hereto,

 

The
Several Lenders from Time to Time Parties Hereto,

 

BARCLAYS
BANK PLC,

 

as
Administrative Agent

 

BARCLAYS
BANK PLC,

 

as
Syndication Agent,

 

 

 

Dated
as of August 27, 2018

 

 

 

BARCLAYS
BANK PLC,

 

as
Sole Lead Arranger and Sole Bookrunner for the Term B Facility

 

HSBC
BANK USA and BARCLAYS BANK PLC,

 

as
Joint Lead Arrangers and Joint Bookrunners for the Revolving Facility

 

 

 

 

     

     

    

TABLE
OF CONTENTS

 

Page

 

	SECTION 1.	DEFINITIONS	1
	1.1	Defined Terms	1
	1.2	Other Interpretive Provisions	43
	1.3	Limited Condition Transactions	45
	1.4	Pro Forma Calculations	45
	1.5	Timing of Payment or Performance	46
	1.6	Rounding	46
	1.7	Cashless Rollovers	46
	1.8	Appointment of Borrower Representative	46
	SECTION 2.	AMOUNT AND TERMS OF COMMITMENTS	47
	2.1	Term Commitments	47
	2.2	Procedure for Term Loan Borrowing	47
	2.3	Repayment of Term Loans	47
	2.4	Revolving Commitments	47
	2.5	Procedure for Revolving Loan Borrowing	48
	2.6	Swingline Commitment	48
	2.7	Procedure for Swingline Borrowing; Refunding
    of Swingline Loans	49
	2.8	Commitment Fees, etc	50
	2.9	Termination or Reduction of Revolving Commitments	50
	2.10	Optional Prepayments	51
	2.11	Mandatory Prepayments and Commitment Reductions	51
	2.12	Conversion and Continuation Options	54
	2.13	Limitations on Eurodollar Tranches	54
	2.14	Interest Rates and Payment Dates	54
	2.15	Computation of Interest and Fees	55
	2.16	Inability to Determine Interest Rate	55
	2.17	Pro Rata Treatment and Payments	56
	2.18	Requirements of Law	58
	2.19	Taxes	59
	2.20	Indemnity	62
	2.21	Change of Lending Office	63
	2.22	Replacement of Lenders	63
	2.23	Defaulting Lenders	64
	2.24	Incremental Facilities	65
	2.25	Loan Purchases	67
	2.26	Loan Modification Offers	69
	2.27	Designation of Subsidiary Borrowers	70
	SECTION 3.	LETTERS OF CREDIT	70
	3.1	L/C Commitment	70
	3.2	Procedure for Issuance of Letter of Credit	71
	3.3	Fees and Other Charges	71
	3.4	L/C Participations	71
	3.5	Reimbursement Obligation of the Borrowers	72

 

    i 

     

    

 

	3.6	Obligations Absolute	73
	3.7	Letter of Credit Payments	73
	3.8	Applications	74
	SECTION 4.	REPRESENTATIONS AND WARRANTIES	74
	4.1	Financial Condition	74
	4.2	No Change	75
	4.3	Existence; Compliance with Law	75
	4.4	Power; Authorization; Enforceable Obligations	75
	4.5	No Legal Bar	75
	4.6	Litigation	75
	4.7	No Default	76
	4.8	Ownership of Property; Liens	76
	4.9	Intellectual Property	76
	4.10	Taxes	76
	4.11	Federal Regulations	76
	4.12	Labor Matters	76
	4.13	ERISA	76
	4.14	Investment Company Act; Other Regulations	77
	4.15	Subsidiaries; Capital Stock	77
	4.16	Use of Proceeds	77
	4.17	Environmental Matters	78
	4.18	Accuracy of Information, etc	79
	4.19	Security Documents	79
	4.20	Solvency	79
	4.21	Senior Indebtedness	79
	4.22	[Reserved]	80
	4.23	[Reserved]	80
	4.24	Anti-Corruption Laws and Sanctions	80
	4.25	EEA Financial Institutions	80
	SECTION 5.	CONDITIONS PRECEDENT	80
	5.1	Conditions to Initial Extension of Credit	80
	5.2	Conditions to Each Extension of Credit	83
	SECTION 6.	AFFIRMATIVE COVENANTS	84
	6.1	Financial Statements	84
	6.2	Certificates; Other Information	85
	6.3	Payment of Obligations	86
	6.4	Maintenance of Existence; Compliance	86
	6.5	Maintenance of Property; Insurance	86
	6.6	Inspection of Property; Books and Records; Discussions	86
	6.7	Notices	87
	6.8	Environmental Laws	87
	6.9	Fiscal Year	88
	6.10	Additional Collateral, etc	88
	6.11	Designation of Subsidiaries	90
	6.12	Maintenance of Ratings	90
	6.13	Quarterly Lender Calls	91
	6.14	Post-Closing Covenants	91

 

    ii 

     

    

 

	SECTION 7.	NEGATIVE COVENANTS	91
	7.1	Financial Covenants	91
	7.2	Indebtedness	91
	7.3	Liens	94
	7.4	Fundamental Changes	97
	7.5	Disposition of Property	98
	7.6	Restricted Payments	100
	7.7	Investments	101
	7.8	Optional Payments and Modifications of Certain
    Debt Instruments	104
	7.9	Transactions with Affiliates	105
	7.10	[Reserved]	105
	7.11	Swap Agreements	105
	7.12	[Reserved]	106
	7.13	Negative Pledge Clauses	106
	7.14	Clauses Restricting Subsidiary Distributions	106
	7.15	Lines of Business	107
	7.16	[Reserved]	107
	7.17	Use of Proceeds	107
	SECTION 8.	EVENTS OF DEFAULT	107
	8.1	Events of Default	107
	8.2	Application of Payments	110
	SECTION 9.	THE AGENTS	111
	9.1	Appointment	111
	9.2	Delegation of Duties	112
	9.3	Exculpatory Provisions	112
	9.4	Reliance by Administrative Agent	112
	9.5	Notice of Default	112
	9.6	Non-Reliance on Agents and Other Lenders	113
	9.7	Indemnification	113
	9.8	Agent in Its Individual Capacity	113
	9.9	Successor Administrative Agent	114
	9.10	Arrangers and Syndication Agent	114
	9.11	Credit Bidding	114
	9.12	Certain ERISA Matters.	115
	SECTION 10.	MISCELLANEOUS	116
	10.1	Amendments and Waivers	116
	10.2	Notices	118
	10.3	No Waiver; Cumulative Remedies	119
	10.4	Survival of Representations and Warranties	120
	10.5	Payment of Expenses	120
	10.6	Successors and Assigns; Participations and Assignments	121
	10.7	Adjustments; Set-off	126
	10.8	Counterparts	126
	10.9	Severability	127
	10.10	Integration	127
	10.11	GOVERNING LAW	127
	10.12	Submission To Jurisdiction; Waivers	127

 

    iii 

     

    

 

	10.13	Acknowledgements	128
	10.14	Releases of Guarantees and Liens	128
	10.15	Confidentiality	129
	10.16	WAIVERS OF JURY TRIAL	130
	10.17	USA PATRIOT Act	130
	10.18	Intercreditor Agreements	130
	10.19	Acknowledgement and Consent to Bail-In of EEA
    Financial Institutions	131
	10.20	Conversion of Currencies	131

 

 

 

 

    iv 

     

    

 

 

	SCHEDULES:
	1.1A	Revolving
    Commitments
	1.1B	Term B Commitments
	1.1C	L/C Commitments
	1.1D	Swingline Commitments
	1.1E	Mortgaged
    Property
	4.13	Pension Plans
	4.15	Subsidiaries
	4.19(a)	UCC Filing Jurisdictions
	6.14	Post-Closing Matters
	7.2(e)	Existing Indebtedness
	7.3(f)	Existing Liens
	7.5(l)	Scheduled Dispositions
	7.7(k)	Existing Investments
	 	 
	EXHIBITS:
	A	Form of Guarantee
    and Collateral Agreement
	B	Form of Compliance
    Certificate
	C	Form of Closing
    Certificate
	D	Form of Joinder
    Agreement
	E	Form of Assignment
    and Assumption
	F	[Reserved]
	G	[Reserved]
	H	Form of U.S. Tax
    Compliance Certificate
	I-1	Form of Incremental
    Facility Activation Notice
	I-2	Form of New Lender
    Supplement
	J	Auction Procedures
	K	Form of Solvency
    Certificate

 

 

 

    v 

     

    

 

 

CREDIT
AGREEMENT (as amended on October 1, 2018 and as the same may be further
amended, amended and restated, supplemented or otherwise modified from time to time, this “Agreement”),
dated as of August 27, 2018, among Ultra Clean Holdings, Inc., a Delaware corporation (the “Parent Borrower”),
any Subsidiary Borrowers (as defined herein) from time to time parties hereto, the several banks and other financial institutions
or entities from time to time parties to this Agreement (the “Lenders”) and Barclays Bank PLC, as administrative
agent.

 

RECITALS

 

A.       Pursuant
to the terms of the Closing Date Acquisition Agreement (such term and any other capitalized terms used but not defined in these
recitals being defined as set forth in Section 1.1), on the Closing Date, Falcon Merger Subsidiary, LLC, a Delaware limited liability
company (“Merger Sub”), a Wholly Owned Subsidiary of the Parent Borrower, will merge with and into Quantum
Global Technologies, LLC, a Delaware limited liability company (the “Target”), with the Target surviving such
merger as a Wholly Owned Subsidiary of the Parent Borrower (the “Closing Date Acquisition”).

 

B.       To
consummate the Transactions, the Parent Borrower has requested that (a) the Term B Lenders extend credit in the form of Term B
Loans in an original aggregate principal amount of $350,000,000 and (b) the Revolving Lenders establish Revolving Commitments
to extend credit in an aggregate principal amount of up to $65,000,000.

 

C.       Pursuant
to the Amendment Agreement dated as of October 1, 2018 among the Parent Borrower, the other Loan Parties party thereto, the Administrative
Agent, and the Lenders party thereto, the parties thereto have agreed to amend this Credit Agreement on the terms set forth therein.

 

CD.The
Lenders are willing to extend Term Loans and Revolving Extensions of Credit on the terms and subject to the conditions set forth
herein.

 

The
parties hereto hereby agree as follows:

 

SECTION
1.DEFINITIONS

 

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

 

“ABR”:
for any day, a rate per annum (rounded upwards, if necessary, to the next 1/16 of 1%) equal to the greatest of (a) the Prime Rate
in effect on such day, (b) the Federal Funds Effective Rate in effect on such day plus 1⁄2 of 1% and (c) the Eurodollar Rate
on such day (or, if such day is not a Business Day, the next preceding Business Day) for a deposit in Dollars with a maturity
of one month plus 1.0%; provided that for the purpose of this definition, the Eurodollar Rate for any day shall be based
on the Screen Rate (or if the Screen Rate is not available for such one month period, the Interpolated Rate for a one-month Interest
Period) at approximately 11:00 a.m. London time on such day; provided further that in no event shall ABR be less than 1%.
Any change in the ABR due to a change in the Prime Rate, the Federal Funds Effective Rate or such Eurodollar Rate shall be effective
as of the opening of business on the day of such change in the Prime Rate, the Federal Funds Effective Rate or such Eurodollar
Rate, respectively. If ABR is being used as an alternate rate of interest pursuant to Section 2.16 hereof, then ABR shall be the
greater of clause (a) and (b) above and shall be determined without reference to clause (c) above.

 

“ABR
Loans”: Loans the rate of interest applicable to which is based upon the ABR.

 

“Accepting
Lenders”: as defined in Section 2.26(a).

 

     1

     

    

“Acquisition”:
any transaction, or any series of related transactions by which the Parent Borrower or any of its Restricted Subsidiaries (a)
acquires any going business or all or substantially all of the assets of any Person, or division thereof, whether through purchase
of assets, merger, amalgamation or otherwise or (b) directly or indirectly acquires (in one transaction or a series of transactions)
all or substantially all of the Capital Stock of a Person.

 

“Additional
Pari Passu Indebtedness”: any Indebtedness permitted under Section 7.2 (including any Permitted Refinancing Indebtedness,
Incremental Facilities or any Incremental Equivalent Debt) that is secured by the Collateral on a pari passu basis (but
without regard to the control of remedies) with the Obligations.

 

“Additional
Permitted Amount”: as defined in the definition of Permitted Refinancing Indebtedness.

 

“Adjustment
Date”: as defined in the definition of “Applicable Pricing Grid”.

 

“Administrative
Agent”: Barclays Bank PLC, together with its affiliates, as the administrative agent for the Lenders under this Agreement
and the other Loan Documents, together with any of its successors.

 

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

 

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

 

“Aggregate
Exposure”: with respect to any Lender at any time, an amount equal to (a) until the Closing Date, the aggregate amount
of such Lender’s Commitments at such time and (b) thereafter, the sum of (i) the aggregate then unpaid principal amount
of such Lender’s Term Loans and (ii) the amount of such Lender’s Revolving Commitment then in effect or, if the Revolving
Commitments have been terminated, the amount of such Lender’s Revolving Extensions of Credit then outstanding.

 

“Aggregate
Exposure Percentage”: with respect to any Lender at any time, the ratio (expressed as a percentage) of such Lender’s
Aggregate Exposure at such time to the Aggregate Exposure of all Lenders at such time.

 

“Agreed
Currencies”: Dollars and any other lawful currency as agreed to by the Parent Borrower, the Administrative Agent and
each Revolving Lender from time to time.

 

“Agreement”:
as defined in the preamble hereto.

 

“Agreement
Currency”: as defined in Section 10.20(b).

 

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

 

“Applicable
Creditor”: as defined in Section 10.20(b).

 

     2

     

    

“Applicable
Margin”: (a) for each Type of Loan other than Incremental Term Loans, the rate per annum set forth under the relevant
column heading below:

 

	 	ABR
Loans
	Eurodollar
Loans

	Revolving Loans and
    Swingline Loans	1.50%	2.50%
	Term B Loans	2.003.50%	3.004.50%

 

;
provided, that, in each case with respect to the Term B Loans, the Applicable Margin shall be increased by 25 basis points
if the Ratings Condition is not satisfied; provided, further, that on and after the first Adjustment Date occurring
after the completion of the first full fiscal quarter of the Parent Borrower after the Closing Date, the Applicable Margin with
respect to each Type of Loan other than Incremental TermRevolving
Loans and Swingline Loans will be determined pursuant to the Applicable Pricing Grid; and

 

(b)       for
Incremental Term Loans, such per annum rates as shall be agreed to by the applicable Borrower and the applicable Incremental Term
Lenders as shown in the applicable Incremental Facility Activation Notice.

 

“Applicable
Prepayment Percentage”: with respect to any prepayment of the Term B Loans required pursuant to Section 2.11(b)
in connection with any Asset Sale or Recovery Event, 100%; provided that (a) the Applicable Prepayment
Percentage shall
be reduced to 50% if the Consolidated First Lien Net Leverage Ratio is
greater than 0.50 to 1.00 and less
than or equal to 1.00 to 1.00 as of the last day of the most
recently ended fiscal quarter for which financial statements are available and (b) the Applicable Prepayment Percentage shall
be reduced to 25% if the Consolidated First Lien Net Leverage Ratio is less than or equal to 0.50 to 1.00 as of the last day of
the most recently ended fiscal quarter for which financial statements are available, determined on a Pro Forma Basis in accordance
with Section 1.4 (but without giving pro forma effect to the prepayment in connection with the subject Asset Sale or Recovery
Event).

 

“Applicable
Pricing Grid”:

 

(a)
with respect to Revolving Loans and
Swingline Loans, the table set forth below:

 

	Consolidated
    First Lien Net Leverage Ratio	Applicable
    Margin for Eurodollar Loans	Applicable
    Margin for ABR Loans
	>
    1.25:1.00	2.50%	1.50%
	≤
                                         1.25:1.00 and

        

        >
        1.00:1.00

        
	2.25%	1.25%
	≤
    1.00:1.00	2.00%	1.00%

 

(b)
with respect to Term B Loans, the table set forth below:

 

	Consolidated
    First Lien Net Leverage Ratio	Applicable
    Margin for Eurodollar Loans	Applicable
    Margin for ABR Loans
	>
    1.00:1.00	3.00%	2.00%
	≤
                                         1.00:1.00 and 

        

        >
        0.50:1.00

        
	2.75%	1.75%
	≤
    0.50:1.00	2.50%	1.50%

 

     3

     

    

 

For
the purposes of the Applicable Pricing Grid, changes in the Applicable Margin resulting from changes in the Consolidated First
Lien Net Leverage Ratio shall become effective on the date (the “Adjustment Date”) that is three Business Days
after the date on which financial statements are delivered to the Administrative Agent pursuant to Section 6.1 and shall remain
in effect until the next change to be effected pursuant to this paragraph. If any financial statements referred to above are not
delivered within the time periods specified in Section 6.1, then, until the date that is three Business Days after the date on
which such financial statements are delivered, the highest rate set forth in each column of the Applicable Pricing Grid shall
apply. In addition, at all times while an Event of Default shall have occurred and be continuing then, at the option of the Required
Lenders, the highest rate set forth in each column of the Applicable Pricing Grid shall apply.

 

“Applicable
Reference Period”: as at any date of determination, the most recently ended Reference Period for which financial statements
with respect to each fiscal quarter included in such Reference Period have been delivered pursuant to Section 6.1(a) or 6.1(b)
(or, prior to the delivery of any such financial statements, the Reference Period ended June 30, 2018).

 

“Applicable
Transactions”: as defined in the definition of “Pro Forma Basis”.

 

“Application”:
an application, in such form as the Issuing Lender may specify from time to time, requesting the Issuing Lender to open a Letter
of Credit.

 

“Approved
Fund”: as defined in Section 10.6(b).

 

“Arrangers”:
the Sole Lead Arranger and Sole Bookrunner in respect of the Term B Facility and the Joint Lead Arrangers and Joint Bookrunners
in respect of the Revolving Facility, in each case identified on the cover page of this Agreement.

 

“Asset
Sale”: any Disposition of property or series of related Dispositions of property (excluding any such Disposition permitted
by clause (a), (b), (c), (d), (e), (f), (g), (h), (i), (j), (k), (l), (m), (o) or (q) of Section 7.5) that yields Net Cash Proceeds
to any Group Member (valued at the initial principal amount thereof in the case of non-cash proceeds consisting of notes or other
debt securities and valued at fair market value in the case of other non-cash proceeds) in excess of $7,500,000.

 

“Assignee”:
as defined in Section 10.6(b).

 

“Assignment
and Assumption”: an Assignment and Assumption, substantially in the form of Exhibit E.

 

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

 

“Auction
Manager”: as defined in Section 2.25.

 

“Auction
Notice”: an auction notice given by the Parent Borrower in accordance with the Auction Procedures with respect to an
Auction Purchase Offer.

 

“Auction
Procedures”: the auction procedures with respect to Auction Purchase Offers set forth in Exhibit J hereto.

 

     4

     

    

“Auction
Purchase Offer”: an offer by the Parent Borrower to purchase Term Loans of one or more Facilities pursuant to modified
Dutch auctions conducted in accordance with the Auction Procedures and otherwise in accordance with Section 2.25.

 

“Available
Amount”: at any time, the excess if any, of:

 

(a)       the
sum (without duplication) of:

 

(i)       $50,000,000;

 

(iii)an
amount equal to 50% of Cumulative Consolidated Net Income (this clause (ii), the “Available Amount Grower Prong”);

 

(iiiii)
the Net Cash Proceeds (Not Otherwise Applied) received after the Closing Date and on or prior to such date from any issuance of
Qualified Capital Stock by the Parent Borrower (other than any such issuance to a Group Member);

 

(iviii)the
Net Cash Proceeds of Indebtedness and Disqualified Capital Stock of the Parent Borrower, in each case incurred or issued after
the Closing Date, which have been exchanged or converted into Qualified Capital Stock, together with the fair market value (as
determined in good faith by the Parent Borrower) of any property received upon such exchange or conversion;

 

(viv)the
Net Cash Proceeds of Dispositions of Investments made using the Available Amount on or after the Closing Date;

 

(viv)to
the extent not already included in Consolidated Net Income, returns, profits, distributions and similar amounts received in cash
or Cash Equivalents on Investments made using the Available Amount on or after the Closing Date;

 

(viivi)the
Investments made on or after the Closing Date using the Available Amount of the Parent Borrower and its Restricted Subsidiaries
in any Unrestricted Subsidiary that has been re-designated as a Restricted Subsidiary or that has been merged or consolidated
into the Parent Borrower or any of its Restricted Subsidiaries or the fair market value of the assets of any Unrestricted Subsidiary
that have been transferred to the Parent Borrower or any of its Restricted Subsidiaries;

 

(viii)       (A)
the Net Cash Proceeds of Dispositions of Unrestricted Subsidiaries and Joint Ventures plus (B) the fair
market value (as determined by the Parent Borrower in good faith) of the property or assets of any Unrestricted Subsidiary or
any Joint Venture that have been transferred, conveyed or otherwise distributed to any Loan Party;

 

(ixvii)the
aggregate amount received after the Closing Date and on or prior to such date by the Parent Borrower or any Restricted Subsidiary
in cash from any dividend or other distribution by an Unrestricted Subsidiary or a Joint Venture (except to the extent increasing
Consolidated Net Income); plus

 

(xviii)the
aggregate amount of the Declined Amounts (calculated from the Closing Date); plusminus

 

(xi)       the
aggregate amount of Retained Asset Sale Proceeds (calculated from the Closing
Date); minus

 

     5

     

    

(b)       the
sum of all Restricted Payments made on or after the Closing Date and prior to such time in reliance on Section 7.6(g), plus
all Investments made on or after the Closing Date, prior to such time in reliance on Section 7.7(r), plus all Restricted
Debt Payments made on after the Closing Date and prior to such time in reliance on Section 7.8(a)(v), in each case utilizing the
Available Amount or portions thereof in effect on the date of any such Restricted Payment, Investment or Restricted Debt Payment.

 

“Available
Amount Grower Prong”: as defined in the definition of “Available Amount”.

 

“Available
Revolving Commitment”: as to any Revolving Lender at any time, an amount equal to the excess, if any, of (a) such Lender’s
Revolving Commitment then in effect over (b) such Lender’s Revolving Extensions of Credit then outstanding; provided,
that in calculating any Lender’s Revolving Extensions of Credit for the purpose of determining such Lender’s Available
Revolving Commitment pursuant to Section 2.8(a), the aggregate principal amount of Swingline Loans then outstanding shall be deemed
to be zero.

 

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

 

“Bail-In
Legislation”: with respect to any EEA Member Country implementing Article 55 of Directive 2014/59/EU of the European
Parliament and of the Council of the European Union, the implementing law for such EEA Member Country from time to time which
is described in the EU Bail-In Legislation Schedule.

 

“Bankruptcy
Code”: Title 11 of the United States Code (11 U.S.C. § 101 et seq.).

 

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

 

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

 

“Base
Incremental Amount”: as of any date, an amount equal to (a) the greater of (x) $125,000,000
and (y) 85% of Consolidated EBITDA calculated
on a Pro Forma Basis for the most recently ended four fiscal quarter period of
the Parent Borrower for which financial statements are available less (b)
the aggregate principal amount of Incremental Term Loans and Incremental Equivalent Debt established prior to such date in reliance
on the Base Incremental Amount.

 

“Beneficial
Ownership Certification”: a certification regarding beneficial ownership as required by the Beneficial Ownership Regulation.

 

“Beneficial
Ownership Regulation”: 31 C.F.R. § 1010.230.

 

     6

     

    

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

 

“Benefitted
Lender”: as defined in Section 10.7(a).

 

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

 

“Borrower”:
(a) with respect to the Term B Facility, the Parent Borrower and (b) with respect to the Revolving Facility, the Parent Borrower
and each Subsidiary Borrower. The Parent Borrower and the Subsidiary Borrowers are referred to herein collectively as the “Borrowers”.

 

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

 

“Business”:
as defined in Section 4.17(b).

 

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

 

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

 

“Capital
Lease Obligations”: subject to Section 1.2(e), as to any Person, the obligations of such Person to pay rent or other
amounts under any lease of (or other arrangement conveying the right to use) real or personal property, or a combination thereof,
which obligations are required to be classified and accounted for as capital leases on a balance sheet of such Person under GAAP
and, for the purposes of this Agreement, the amount of such obligations at any time shall be the capitalized amount thereof at
such time determined in accordance with GAAP.

 

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

 

“Cash
Equivalents”: (a) marketable direct obligations issued by, or unconditionally guaranteed by, the United States Government
or issued by any agency thereof and backed by the full faith and credit of the United States, in each case maturing within two
years from the date of acquisition; (b) certificates of deposit, time deposits, eurodollar time deposits or overnight bank deposits
having maturities of six months or less from the date of acquisition issued by any Lender or by any commercial bank organized
under the laws of the United States or any state thereof having combined capital and surplus of not less than $250,000,000; (c)
commercial paper of an issuer rated at least A-2 by Standard & Poor’s

 

     7

     

    

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

 

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

 

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

 

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

 

“Change
of Control”: (a) the acquisition of ownership, directly or indirectly, beneficially or of record, by any Person or group
(within the meaning of the Exchange Act and the rules of the SEC thereunder) of Capital Stock of the Parent Borrower representing
more than 35% of either the aggregate ordinary voting power or the aggregate equity value represented by the issued and outstanding
Capital Stock of the Parent Borrower, (b) the occurrence of any “change in control” (or similar event, however denominated)
with respect to the Parent Borrower under and as defined in any indenture or other agreement or instrument evidencing or governing
the rights of the holders of any Material Indebtedness of the Parent Borrower or any of its Restricted Subsidiaries or (c) the
Parent Borrower ceases to own, directly or indirectly through one or more Wholly Owned Subsidiaries that are Loan Parties, 100%
of the Capital Stock of each Subsidiary Borrower.

 

“Cinos
Stock Purchase Agreements”: those certain stock purchase agreements regarding the Target’s stock purchase obligations
with respect to shares of Cinos Co., Ltd., a corporation organized under the laws of the Republic of Korea, as in effect on the
Closing Date Acquisition Signing Date, and as amended, supplemented, waived, consented to or otherwise modified from time to time
so long as any such amendment, supplement, waiver, consent or other modification is not materially adverse to the interests of
the Lenders (in their capacities as such); provided that any such amendment, supplement, waiver, consent or other modification
pursuant to which the aggregate principal amount of the Target’s stock purchase obligations with respect thereto increases
by an amount not in excess of $5,000,000 from the amount of such potential obligations as of the Closing Date Acquisition Signing
Date shall be deemed to be not materially adverse to the interests of the Lenders (in their capacities as such).

 

“Closing
Date”: August 27, 2018.

 

     8

     

    

“Closing
Date Acquisition”: as defined in the recitals.

 

“Closing
Date Acquisition Agreement”: the Agreement and Plan of Merger dated as of the Closing Date Acquisition Signing Date
(together with all exhibits, schedules and disclosure letters thereto, and as amended, supplemented or otherwise modified in accordance
with Section 5.1) by and among the Target, the Parent Borrower, Merger Sub and G-Squared Partners, LLC, as Holder Representative.

 

“Closing
Date Acquisition Signing Date”: July 24, 2018.

 

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

 

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

 

“Commitment”:
as to any Lender, the sum of the Term B Commitment and the Revolving Commitment of such Lender.

 

“Commitment
Fee Rate”: 0.25% per annum.

 

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

 

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

 

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

 

“Consolidated
Cash Taxes”: for any period, with respect to the Parent Borrower and its Restricted Subsidiaries on a consolidated basis,
the aggregate amount of all income and similar Taxes, to the extent the same are payable in cash with respect to such period.

 

“Consolidated
Current Assets”: at any date, all amounts that would, in conformity with GAAP, be reflected in “total current
assets” (or any like caption) on a consolidated balance sheet of the Parent Borrower and its Restricted Subsidiaries at
such date, but excluding any (a) cash or Cash Equivalents, (b) permitted loans to third parties, (c) deferred bank fees and derivative
financial instruments related to Indebtedness, (d) the current portion of current and deferred income Taxes and (e) assets held
for sale or pension assets.

 

“Consolidated
Current Liabilities”: at any date, all amounts that would, in conformity with GAAP, be reflected in “total current
liabilities” (or any like caption) on a consolidated balance sheet of the Parent Borrower and its Restricted Subsidiaries
at such date, but excluding (a) the current portion of any Funded Debt of the Parent Borrower and its Restricted Subsidiaries,
(b) without duplication of clause (a) above, all Indebtedness consisting of Revolving Loans or Swingline Loans to the extent otherwise
included therein, (c) the current portion of Consolidated Interest Expense (excluding Consolidated Interest Expense that is due
and unpaid), (d) obligations in respect of derivative financial instruments related to Indebtedness, (e) the current portion of
current and deferred income Taxes, (f) liabilities in respect of unpaid earnouts, (g) accruals relating to restructuring reserves,
(h) liabilities in respect of funds of third parties on deposit with any Borrower and/or any Restricted Subsidiary, (i) the current
portion of any Capital Lease Obligations, (j) any liabilities recorded in connection with stock based awards, partnership interest
based awards, awards

 

     9

     

    

of
profits interests, deferred compensation awards and similar initiative based compensation awards or arrangements and (k) the current
portion of any other long term liability for borrowed money.

 

“Consolidated
EBITDA”: for any period, Consolidated Net Income for such period plus, without duplication and to the
extent reflected as a charge in the statement of such Consolidated Net Income for such period, the sum of: (a) income tax
expense, (b) interest expense, amortization or writeoff of debt discount and debt issuance costs and commissions, discounts
and other fees and charges associated with Indebtedness (including the Loans), (c) depreciation and amortization expense, (d)
non-cash charges, losses, expenses, accruals and provisions, including stock-based compensation and sale of assets not in the
ordinary course of business (but excluding any such non-cash charge to the extent that it represents an accrual or reserve
for cash expenses in any future period), (e) amortization of intangibles (including, but not limited to, impairment of
goodwill) and organization costs, (f) any extraordinary, unusual or non-recurring expenses or losses, (g) any fees and
expenses incurred during such period in connection with any Investment (including any Permitted Acquisition), Disposition,
issuance of Indebtedness or Capital Stock, or amendment or modification of any debt instrument, in each case permitted under
this Agreement, including (i) any such transactions undertaken but not completed and any transactions consummated prior to
the Closing Date and (ii) any financial advisory fees, accounting fees, legal fees and other similar advisory and consulting
fees, in each case paid in cash during such period (collectively, “Advisory Fees”), (h) any fees and
expenses incurred in connection with the Transactions, including Advisory Fees and (solely for purposes of this clause (h))
cash charges in respect of strategic market reviews, stay or sign-on bonuses, integration-related bonuses, restructuring,
consolidation, severance or discontinuance of any portion of operations, employees and/or management, (i) the amount of (A)
any fees, charges and expenses in respect of severance, recruiting, relocation, integration, facilities opening or closing,
consulting and other business optimization (including relating to facilities design, upgrade and implementation costs) and
restructuring charges, reserves or startup costs or expenses, including any one-time costs incurred in connection with the
Transactions and (B) “run rate” cost savings, operating expense reductions, operating improvements and
synergies (collectively, “Expected Cost Savings”) that are reasonably identifiable, factually supportable
and projected by the Parent Borrower in good faith to be realized as a result of mergers and other business combinations,
Permitted Acquisitions and other Investments, Dispositions (including divestitures and the termination or discontinuance of
activities constituting a business line), restructurings, insourcing initiatives, cost savings initiatives plant
consolidations, openings and closings, product rationalization and other similar initiatives or Applicable Transactions after
the Closing Date, in each case to the extent not prohibited by this Agreement (collectively,
“Initiatives”) (calculated on a pro forma basis as though such Expected Cost Savings had been realized on
the first day of the relevant Reference Period), net of the amount of actual benefits realized in respect thereof; provided
that (w) actions in respect of such Expected Cost Savings have been, or will be, taken within 2412 months
of the applicable Initiative, (x) no Expected Cost Savings shall be added pursuant to this clause (i) to the extent
duplicative of any expenses or charges otherwise added to (or excluded from) Consolidated EBITDA, whether through a pro forma
adjustment or otherwise, for such period, (y) projected amounts (and not yet
realized) may no longer be added in calculating Consolidated EBITDA pursuant to this clause (i) to the extent occurring more
than eightfour fiscal
quarters after the applicable Initiative and (z) if requested by the Administrative Agent, the Parent Borrower shall
deliver to the Administrative Agent a certificate of a Responsible Officer setting forth information and
calculations supporting in reasonable detail such Expected Cost Savings, ;
provided further that the
aggregate amount of all
Expected Cost Savings set forth in this clause (B) shall not exceed 20% of Consolidated EBITDA (after giving effect to this
clause (B)) for such period, (j) non-recurring
cash expenses recognized for restructuring costs, integration costs and business optimization expenses in connection with
any Initiative and (k) expenses and charges relating to non-controlling interests and equity income in non-Wholly Owned
Subsidiaries, and minus (A) to the extent included in the statement of such Consolidated Net Income for such period,
the sum of (i) interest income, (ii) any extraordinary, unusual or non-recurring income or gains (including, whether or not
otherwise includable as a separate item in the statement of such Consolidated Net Income for such period, gains on the sales
of assets outside of the

 

     10

     

    

ordinary
course of business), (iii) income tax credits (to the extent not netted from income tax expense) and (iv) any other non-cash income
(other than normal accruals in the ordinary course of business for non-cash income that represents an accrual for cash income
in a future period) and (B) any cash payments made during such period in respect of items described in clause (d) above subsequent
to the fiscal quarter in which the relevant non-cash expenses or losses were reflected as a charge in the statement of Consolidated
Net Income, all as determined on a consolidated basis.

 

For
the purposes of calculating Consolidated EBITDA for any Reference Period pursuant to any determination of the Cash Interest Coverage
Ratio, the Consolidated Fixed Charge Coverage Ratio, the Consolidated Total Gross Leverage Ratio, the Consolidated Total Net Leverage
Ratio, the Consolidated First Lien Net Leverage Ratio or the Consolidated Secured Net Leverage Ratio, (i) if at any time during
such Reference Period the Parent Borrower or any Restricted Subsidiary shall have made any Material Disposition, the Consolidated
EBITDA for such Reference Period shall be reduced by an amount equal to the Consolidated EBITDA (if positive) attributable to
the property that is the subject of such Material Disposition for such Reference Period or increased by an amount equal to the
Consolidated EBITDA (if negative) attributable thereto for such Reference Period and (ii) if during such Reference Period the
Parent Borrower or any Restricted Subsidiary shall have made a Material Acquisition, Consolidated EBITDA for such Reference Period
shall be calculated after giving pro forma effect thereto as if such Material Acquisition occurred on the first day of
such Reference Period.

 

“Consolidated
First Lien Debt”: at any date, Consolidated Total Debt at such date that is secured by Liens on the Collateral that
do not rank junior to the Liens on the Collateral securing the Loans (it being understood that any Consolidated Total Debt that
is secured by Liens on all or a portion of the Collateral that are senior to, or pari passu with, the Liens on such Collateral
securing the Loans shall be considered Consolidated First Lien Debt).

 

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

 

“Consolidated
Fixed Charge Coverage Ratio”: for any period, the ratio of (a) Consolidated EBITDA for such period less
the sum of (i) the aggregate amount actually paid by the Parent Borrower and its Restricted Subsidiaries during such period on
account of Capital Expenditures (excluding the principal amount of Indebtedness (other than any Loans) incurred in connection
with such expenditures) plus (ii) the aggregate amount actually paid in cash by the Parent Borrower and its Restricted
Subsidiaries during such period on account of Restricted Payments to (b) Consolidated Fixed Charges for such period.

 

“Consolidated
Fixed Charges”: for any period, the sum (without duplication) of (a) Consolidated Interest Expense for such period,
plus (b) Consolidated Lease Expense for such period, plus (c) scheduled repayments made during such period on account
of principal of Indebtedness of the Parent Borrower or any of its Restricted Subsidiaries (including scheduled principal repayments
in respect of the Term Loans) plus (d) taxes based on income, profits or capital, including federal, foreign, state, franchise,
excise and similar taxes (including in respect of repatriated funds and including any penalties and interest relating to any tax
examinations), net of cash refunds received, of the Parent Borrower and its Subsidiaries paid in cash during such period.

 

“Consolidated
Interest Expense”: for any period, total cash interest expense (including that attributable to Capital Lease Obligations)
of the Parent Borrower and its Restricted Subsidiaries for such period with respect to all outstanding Indebtedness of the Parent
Borrower and its Restricted Subsidiaries (including all commissions, discounts and other fees and charges owed with respect to
letters of credit and

 

     11

     

    

bankers’
acceptance financing and net costs under Swap Agreements in respect of interest rates to the extent such net costs are allocable
to such period in accordance with GAAP).

 

“Consolidated
Lease Expense”: for any period, the aggregate amount of fixed and contingent rentals payable by the Parent Borrower
and its Restricted Subsidiaries for such period with respect to leases of real and personal property, determined on a consolidated
basis in accordance with GAAP.

 

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

 

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

 

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

 

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

 

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

 

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

 

(f)       all
net after-tax extraordinary, nonrecurring, unusual or exceptional gains, losses, income, expenses and charges;

 

(g)       all
net after-tax gains, losses, expenses and charges attributable to business dispositions and asset dispositions, including the
sale or other disposition of any Capital Stock of any Person, other than in the ordinary course of business;

 

(h)       all
net after-tax gains, losses, income, expenses or charges from disposed, closed or discontinued operations;

 

(i)       all
non-cash impairment charges and asset write-ups, write-downs and write-offs, including impairment charges or asset write-ups,
write-downs or write-offs related to intangible assets, long-lived assets, investments in debt and equity securities or as a result
of a change in law or regulation, in each case pursuant to GAAP, and the amortization of intangibles arising from the application
of GAAP;

 

(j)       all
non-cash compensation charges or expenses, including any such charge or expense arising from the grant of stock appreciation or
similar rights, stock options, restricted stock or other rights or equity incentive programs or any other equity-based compensation;

 

     12

     

    

(k)       all
non-cash losses, charges or expenses from earn-out obligations; and

 

(l)       any
charges, fees and expenses incurred during such period (including any financial advisory, accounting, auditor, legal and other
consulting or advisory fees, any filing fees and expenses and any premiums, make-whole or penalty payments), or any amortization
thereof for such period, in connection with any acquisition, investment, asset disposition, incurrence or repayment of Indebtedness,
issuance of Capital Stock of the Parent Borrower, refinancing transaction or amendment or modification of any debt instrument
and including, in each case, any such transaction undertaken but not completed.

 

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

 

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

 

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

 

“Consolidated
Total Debt”: at any date (without duplication), all Capital Lease Obligations, purchase money Indebtedness, Indebtedness
for borrowed money and letters of credit (but only to the extent drawn and not reimbursed), in each case of the Parent Borrower
and its Restricted Subsidiaries at such date, determined on a consolidated basis in accordance with GAAP.

 

“Consolidated
Total Gross Leverage Ratio”: as at the last day of any Reference Period, the ratio of (a) Consolidated Total Debt on
such day to (b) Consolidated EBITDA for such period.

 

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

 

“Consolidated
Working Capital”: at any date, the excess of Consolidated Current Assets on such date over Consolidated Current Liabilities
on such date.

 

“Contract
Consideration”: as defined in the definition of “Excess Cash Flow”.

 

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

 

“Credit
Agreement Refinancing Indebtedness”: as defined in Section 7.2(a).

 

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

 

“Cumulative
Consolidated Net Income”: at any date of determination, an amount (which may not be less than zero) equal to the aggregate
cumulative sum of Consolidated Net Income for each

 

     13

     

    

fiscal
quarter of the Parent Borrower for which financial statements have been delivered pursuant to Section 6.1(a) or (b), as applicable,
beginning with the first day of the fiscal quarter in which the Closing Date occurs.

 

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

 

“Declined
Amount”: as defined in Section 2.11(e).

 

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

 

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

 

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

 

“Disposition”:
with respect to any property, any sale, lease, sale and leaseback, assignment, conveyance, transfer or other disposition thereof.
The terms “Dispose” and “Disposed of” shall have correlative meanings.

 

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

 

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

 

     14

     

    

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

 

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

 

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

 

“Disqualified
Lenders”: (a) certain banks, financial institutions, other institutional lenders and other Persons that have been specified
in writing to the Administrative Agent by the Parent Borrower prior to the Closing Date and (b) competitors of the Parent Borrower
and its Restricted Subsidiaries that are specified in writing to the Administrative Agent by the Parent Borrower from time to
time that are reasonably acceptable to the Administrative Agent (provided that any such written specification of a competitor
by the Parent Borrower to the Administrative Agent occurring on or after the Closing Date shall be deemed not delivered and not
effective unless delivered by the Parent Borrower to the Administrative Agent by email in accordance with Section 10.2 and shall
only become effective three Business Days after such delivery). For the avoidance of doubt, with respect to any assignee that
becomes a Disqualified Lender after the applicable Trade Date (including as a result of the delivery of a notice pursuant to,
and/or the expiration of the notice period referred to in, this definition), (x) such assignee shall not retroactively be disqualified
from becoming a Lender and (y) the execution by the Parent Borrower of an Assignment and Assumption with respect to such assignee
will not by itself result in such assignee no longer being considered a Disqualified Lender.

 

“Dollar
Equivalent”: on any date of determination, (a) with respect to any amount denominated in Dollars, such amount, and (b)
with respect to an amount denominated in any Agreed Currency other than Dollars, the equivalent in Dollars of such amount determined
by the Administrative Agent in accordance with normal banking industry practice using the Exchange Rate on the date of determination
of such equivalent. In making any determination of the Dollar Equivalent (for purposes of calculating the amount of Loans to be
borrowed from the respective Lenders on any date or for any other purpose), the Administrative Agent shall use the relevant Exchange
Rate in effect on the date on which any Borrower delivers a request for Revolving Loans or Letters of Credit or on such other
date upon which a Dollar Equivalent is required to be determined pursuant to the provisions of this Agreement. As appropriate,
amounts specified herein as amounts in Dollars shall be or include any relevant Dollar Equivalent amount.

 

     15

     

    

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

 

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

 

“ECF
Percentage”: 50100%;
provided, that (a) the ECF Percentage
shall be reduced to 50% if the Consolidated First Lien Net Leverage Ratio as of the last day of the relevant
fiscal year is less
than or equal to 1.00 to 1.00 but
greater than 0.75 to 1.00, (b) the ECF
Percentage shall be reduced to 25% if the Consolidated First Lien Net Leverage Ratio as of the last day of the relevant
fiscal year is less than or equal to 1.000.75 to
1.00 but greater than 0.50 to 1.00 and (bc)
the ECF Percentage shall be reduced to 0% if the Consolidated First Lien Net Leverage Ratio as of the last day of the
relevant fiscal year is less than or equal to 0.50 to 1.00, in each casecases
of (a) and, (b)
and (c), determined on a Pro FormForma Basis
in accordance with Section 1.4 (but without giving pro forma effect to the subject Excess Cash Flow
prepayment).

 

“ECF
Threshold”: as defined in Section 2.11(c).

 

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

 

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

 

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

 

“Eligible
Assignee”: (a) a Lender, (b) an Affiliate of a Lender, (c) an Approved Fund, (d) any commercial bank and (e) any other
financial institution or investment fund engaged as a primary activity in the ordinary course of its business in making or investing
in commercial loans or debt securities, other than, in each case, (i) a natural person or (ii) except to the extent permitted
under Sections 2.25 and 10.6(e), the Parent Borrower, any Subsidiary or any other Affiliate of the Parent Borrower; provided that
solely for purposes of an assignment pursuant to Section 10.6(b), “Eligible Assignee” shall not include any Person
that is a Disqualified Lender at the time of such assignment.

 

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

 

“ERISA”:
the Employee Retirement Income Security Act of 1974, as amended from time to time.

 

“ERISA
Affiliate”: (a) any entity, whether or not incorporated, that is under common control with a Group Member within the
meaning of Section 4001(a)(14) of ERISA; (b) any corporation that is a member of a controlled group of corporations within the
meaning of Section 414(b) of the Code of which a Group Member is a member; (c) any trade or business (whether or not incorporated)
that is a

 

     16

     

    

member
of a group of trades or businesses under common control within the meaning of Section 414(c) of the Code of which a Group Member
is a member; and (d) with respect to any Group Member, any member of an affiliated service group within the meaning of Section
414(m) or (o) of the Code of which any corporation described in clause (b) above or any trade or business described in clause
(c) above is a member. Any former ERISA Affiliate of any Group Member shall continue to be considered an ERISA Affiliate of the
Group Member within the meaning of this definition with respect to the period such entity was an ERISA Affiliate of the Group
Member and with respect to liabilities arising after such period for which the Group Member could be liable under the Code or
ERISA.

 

“ERISA
Event”: (a) the failure of any Plan to comply with any material provisions of ERISA and/or the Code (and applicable
regulations under either) or with the material terms of such Plan; (b) the existence with respect to any Plan of a non-exempt
Prohibited Transaction; (c) any Reportable Event; (d) the failure of any Group Member or ERISA Affiliate to make by its due date
a required installment under Section 430(j) of the Code with respect to any Pension Plan or any failure by any Pension Plan to
satisfy the minimum funding standards (within the meaning of Section 412 of the Code or Section 302 of ERISA) applicable to such
Pension Plan, whether or not waived in accordance with Section 412(c) of the Code or Section 302(c) of ERISA; (e) a determination
that any Pension Plan is, or is expected to be, in “at risk” status (within the meaning of Section 430 of the Code
or Section 303 of ERISA); (f) the filing pursuant to Section 412 of the Code or Section 302 of ERISA of an application for a waiver
of the minimum funding standard with respect to any Pension Plan; (g) the occurrence of any event or condition which could reasonably
be expected to constitute grounds under ERISA for the termination of, or the appointment of a trustee to administer, any Pension
Plan or the incurrence by any Group Member or any ERISA Affiliate of any liability under Title IV of ERISA with respect to the
termination of any Pension Plan, including but not limited to the imposition of any Lien in favor of the PBGC or any Pension Plan;
(h) the receipt by any Group Member or any ERISA Affiliate from the PBGC or a plan administrator of any notice relating to an
intention to terminate any Pension Plan or to appoint a trustee to administer any Pension Plan under Section 4042 of ERISA; (i)
the failure by any Group Member or any of its ERISA Affiliates to make any required contribution to a Multiemployer Plan pursuant
to Sections 431 or 432 of the Code; (j) the incurrence by any Group Member or any ERISA Affiliate of any liability with respect
to the withdrawal or partial withdrawal (within the meaning of Sections 4203 and 4205 of ERISA) from any Pension Plan or Multiemployer
Plan; (k) the receipt by any Group Member or any ERISA Affiliate of any notice, or the receipt by any Multiemployer Plan from
a Group Member or any ERISA Affiliate of any notice, concerning the imposition of Withdrawal Liability or a determination that
a Multiemployer Plan is, or is expected to be, Insolvent, in “endangered” or “critical” status (within
the meaning of Sections 431 or 432 of the Code or Sections 304 or 305 of ERISA), or terminated (within the meaning of Section
4041A of ERISA) or that it intends to terminate or has terminated under Section 4041A or 4042 of ERISA; (l) the failure by any
Group Member or any of its ERISA Affiliates to pay when due (after expiration of any applicable grace period) any installment
payment with respect to Withdrawal Liability under Section 4201 of ERISA; (m) the withdrawal by any Group Member or any ERISA
Affiliate from any Pension Plan with two or more contributing sponsors or the termination of any such Pension Plan resulting in
liability to any Group Member or any ERISA Affiliate pursuant to Section 4063 or 4064 of ERISA; (n) the imposition of liability
on any Group Member or any ERISA Affiliate pursuant to Section 4062(e) or 4069 of ERISA or by reason of the application of Section
4212(c) of ERISA; (o) the occurrence of an act or omission which could give rise to the imposition on any Group Member or any
ERISA Affiliate of fines, penalties, taxes or related charges under Chapter 43 of the Code or under Section 409, Section 502(c),
(i) or (l), or Section 4071 of ERISA in respect of any Plan; (p) the assertion of a material claim (other than routine claims
for benefits) against any Plan other than a Multiemployer Plan or the assets thereof, or against any Group Member or any ERISA
Affiliate in connection with any Plan; (q) receipt from the IRS of notice of the failure of any Pension Plan (or any other Plan
intended to be qualified under Section 401(a) of the Code) to qualify under Section 401(a) of the Code, or the failure of any
trust forming part of any Pension Plan (or any other Plan) to qualify for exemption from taxation under Section 501(a) of the
Code; or (r) the imposition of a Lien pursuant to

 

     17

     

    

Section
430(k) of the Code or pursuant to Section 303(k) or 4068 of ERISA with respect to any Pension Plan.

 

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

 

“Eurocurrency
Reserve Requirements”: for any day as applied to a Eurodollar Loan, the aggregate (without duplication) of the maximum
rates (expressed as a decimal) of reserve requirements in effect on such day (including basic, supplemental, marginal and emergency
reserves) under any regulations of the Board or other Governmental Authority having jurisdiction with respect thereto dealing
with reserve requirements prescribed for eurocurrency funding (currently referred to as “Eurocurrency Liabilities”
in Regulation D of the Board) maintained by a member bank of the Federal Reserve System.

 

“Eurodollar
Base Rate”: with respect to any Eurodollar Loan for any Interest Period, the London interbank offered rate as administered
by the ICE Benchmark Administration (or any other Person that takes over the administration of such rate) for Dollars for a period
equal in length to such Interest Period as displayed on page LIBOR01 or LIBOR02 of the Reuters Screen that displays such rate
(or, in the event such rate does not appear on either of such Reuters pages, on any successor or substitute page on such screen
that displays such rate, or on the appropriate page of such other information service that publishes such rate from time to time
as selected by the Administrative Agent in its reasonable discretion; in each case, the “Screen Rate”) as of
the Specified Time on the Quotation Day for such Interest Period; provided, that if the Screen Rate shall not be available
at such time for such Interest Period (an “Impacted Interest Period”), then the Eurodollar Base Rate shall
be the Interpolated Rate at such time. Notwithstanding the foregoing, in no event shall the Eurodollar Base Rate be less than
0%.

 

“Eurodollar
Loans”: Loans the rate of interest applicable to which is based upon the Eurodollar Rate.

 

“Eurodollar
Rate”: for any Interest Period as to any Eurodollar Loan, (i) the rate per annum determined by the Administrative Agent
to be the offered rate which appears on the page of the Reuters Screen which displays the London interbank offered rate administered
by ICE Benchmark Administration Limited (such page currently being the LIBOR01 page) (the “LIBO Rate”) for deposits
(for delivery on the first day of such Interest Period) with a term equivalent to such Interest Period in Dollars, determined
as of approximately 11:00 a.m. (London, England time), two Business Days prior to the commencement of such Interest Period, or
(ii) in the event the rate referenced in the preceding clause (i) does not appear on such page or service or if such page or service
shall cease to be available, the rate determined by the Administrative Agent to be the offered rate on such other page or other
service which displays the LIBO Rate for deposits (for delivery on the first day of such Interest Period) with a term equivalent
to such Interest Period in Dollars, determined as of approximately 11:00 a.m. (London, England time) two Business Days prior to
the commencement of such Interest Period; provided that if LIBO Rates are quoted under either of the preceding clauses
(i) or (ii), but there is no such quotation for the Interest Period elected, the LIBO Rate shall be equal to the Interpolated
Rate; and provided, further, that if any such rate determined pursuant to the preceding clauses (i) or (ii) is less
than zero, the Eurodollar Rate will be deemed to be zero.

 

“Eurodollar
Tranche”: the collective reference to Eurodollar Loans under a particular Facility the then current Interest Periods
with respect to all of which begin on the same date and end on the same later date (whether or not such Loans shall originally
have been made on the same day).

 

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

 

     18

     

    

“Excess
Cash Flow”: for any fiscal year of the Parent Borrower, the excess, if any, of:

 

(a)       the
sum, without duplication, of (i) Consolidated Net Income for such fiscal year, (ii) the amount of all non-cash charges (including
depreciation and amortization) deducted in arriving at such Consolidated Net Income, (iii) decreases in Consolidated Working Capital
for such fiscal year, and (iv) the aggregate net amount of non-cash loss on the Disposition of property by the Parent Borrower
and its Restricted Subsidiaries during such fiscal year (other than sales of inventory in the ordinary course of business), to
the extent deducted in arriving at such Consolidated Net Income over 

 

(b)       the
sum, without duplication, of (i) the amount of all non-cash income included in arriving at such Consolidated Net Income, (ii)
the aggregate amount actually paid by the Parent Borrower and its Restricted Subsidiaries in cash during such fiscal year on account
of Capital Expenditures (excluding the principal amount of Indebtedness (other than revolving Indebtedness) incurred in connection
with such expenditures and any such expenditures financed with the proceeds of any Reinvestment Deferred Amount or the proceeds
of any issuance of Capital Stock of the Parent Borrower), (iii) the aggregate amount of Restricted Payments made by the Parent
Borrower in cash during such fiscal year pursuant to Section 7.6 (other than pursuant to Section 7.6(c), (f), (g), (h), (i) or
(k)) (excluding the principal amount of Indebtedness (other than revolving Indebtedness) incurred in connection with such Restricted
Payments and any Restricted Payments made with proceeds of any issuance of Capital Stock of the Parent Borrower), (iv) the aggregate
amount of all prepayments of Funded Debt (other than (A) any optional prepayment of Indebtedness that is deducted in calculating
the amount of any Excess Cash Flow payment in accordance with Section 2.11(c) and (B) any revolving credit facility to the extent
there is not an equivalent permanent reduction in commitments thereof) of the Parent Borrower and its Restricted Subsidiaries
made during such fiscal year (excluding any such prepayments financed with the proceeds of any issuance of any long-term Indebtedness
(other than revolving Indebtedness)), (v) the aggregate amount of all regularly scheduled principal payments of Funded Debt (including
the Term Loans) of the Parent Borrower and its Restricted Subsidiaries made during such fiscal year (other than in respect of
any revolving credit facility to the extent there is not an equivalent permanent reduction in commitments thereunder), (vi) increases
in Consolidated Working Capital for such fiscal year, (vii) the aggregate net amount of non-cash gain on the Disposition of property
by the Parent Borrower and its Restricted Subsidiaries during such fiscal year (other than sales of inventory in the ordinary
course of business), to the extent included in arriving at such Consolidated Net Income, (viii) to the extent not otherwise deducted
from Consolidated Net Income, Consolidated Cash Taxes paid during such fiscal year, (ix) to the extent not otherwise deducted
from Consolidated Net Income, interest expense of the Parent Borrower and its Restricted Subsidiaries for such year, (x) the
aggregate amount of cash consideration paid by the Parent Borrower and the Restricted Subsidiaries during such fiscal year to
make Investments (including Permitted Acquisitions) permitted by Section 7.7 (excluding (A) any such Permitted Acquisitions or
other Investments financed with the proceeds of any Reinvestment Deferred Amount, the Available Amount or the proceeds or any
issuance of Capital Stock of the Parent Borrower or the issuance of any Indebtedness, (B) Investments in Cash or Cash Equivalents
and (C) Investments in any Borrower or any Subsidiary), (xi) cash charges included in clauses (a) through (l) of the definition
of “Consolidated Net Income”, (xii) without duplication of amounts deducted from Excess Cash Flow in prior periods,
the aggregate cash consideration (X) required to be paid by the Parent Borrower and its Restricted Subsidiaries pursuant to binding
contracts (the “Contract Consideration”) entered into prior to or during such period relating to Permitted
Acquisitions and other Investments permitted by Section 7.7 (other than Investments in (A) Cash or Cash Equivalents and (B) any
Borrower or any Subsidiary) and (Y) expected to be paid in connection with planned Capital Expenditures of the Parent Borrower
and its Restricted Subsidiaries (the “Planned Expenditures”), in each case during the period of four consecutive
fiscal quarters of the Parent Borrower following the end of the applicable fiscal year for which Excess Cash Flow is being calculated
(except to the extent financed with the proceeds of Indebtedness, any Reinvestment Deferred Amount, the proceeds of any issuance
of Capital Stock of the Parent Borrower or utilizing the Available Amount); provided that to the extent the aggregate amount
of cash actually utilized to finance such

 

     19

     

    

Permitted
Acquisitions or Capital Expenditures during such period of four consecutive fiscal quarters is less than the Contract Consideration
and the Planned Expenditures, the amount of such shortfall shall be added to the calculation of Excess Cash Flow at the end of
such period of four consecutive fiscal quarters, (xiii) the aggregate amount of expenditures actually made by the Parent Borrower
and/or any Restricted Subsidiary in Cash during such fiscal year (including any expenditure for the payment of fees or other Charges
(or any amortization thereof for such period) in connection with any Disposition, incurrence or repayment of Indebtedness, issuance
of Capital Stock, refinancing transaction, amendment or modification of any debt instrument, including this Agreement, and including,
in each case, any such transaction consummated prior to, on or after the Closing Date, and Charges incurred in connection therewith,
whether or not such transaction was successful), to the extent that such expenditures were not expensed (provided that, for the
avoidance of doubt, amounts included in this clause (xiii) shall be without duplication of amounts deducted in clause (y) of Section
2.11(c)) and (xiv) all Cash payments in respect of Capital Expenditures during such fiscal year as would be reported in the Parent
Borrower’s consolidated statement of cash flows and all Cash payments made during such fiscal year to acquire Intellectual
Property.

 

“Excess
Cash Flow Application Date”: as defined in Section 2.11(c).

 

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

 

“Exchange
Rate”: for any day with respect to any Agreed Currency other than Dollars, the rate at which such Agreed Currency may
be exchanged into Dollars, as set forth at 11:00 A.M., London time, on such day on the applicable Reuters currency page with respect
to such Agreed Currency. In the event that such rate does not appear on the applicable Reuters currency page, the Exchange Rate
with respect to such Agreed Currency shall be determined by reference to such other publicly available service for displaying
exchange rates as may be reasonably selected by the Administrative Agent (and the Administrative Agent agrees to promptly notify
the Parent Borrower of the identity of any such service) or, in the event no such service is selected, such Exchange Rate shall
instead be the spot rate of exchange of the Administrative Agent in the London Interbank market or other market where its foreign
currency exchange operations in respect of such Agreed Currency are then being conducted, at or about 11:00 A.M., London time,
on such day for the purchase of Dollars with such Agreed Currency, for delivery two Business Days later; provided, however,
that if at the time of any such determination, for any reason, no such spot rate is being quoted, the Administrative Agent may
use any reasonable method it deems appropriate to determine such rate, and such determination shall be conclusive absent manifest
error.

 

“Excluded
Subsidiary”: (a) any Restricted Subsidiary that is not a Wholly-Owned Subsidiary, (b) any Immaterial Subsidiary, (c)
any Restricted Subsidiary that is prohibited or restricted by any applicable law, rule or regulation or contractual obligation
(in the case of any such contractual obligation, where such contractual obligation exists on the Closing Date or on the date such
entity becomes a Restricted Subsidiary, as long as such contractual obligation was not entered into solely in contemplation of
such person becoming a Restricted Subsidiary) from guaranteeing the Obligations or that would require a governmental (including
regulatory) consent, approval, license or authorization to provide such a guarantee (including under any financial assistance,
corporate benefit, thin capitalization, capital maintenance, liquidity maintenance or similar legal principles) for so long as
the applicable prohibition or restriction is in effect and unless and until such consent has been received, as applicable, it
being understood that the Parent Borrower and its Subsidiaries shall have no obligation to obtain any such consent, approval,
license or authorization, (d) any not-for-profit subsidiary, (e) any Restricted Subsidiary that is a captive insurance company
or any Restricted Subsidiary that is a broker-dealer, (f) any special purpose entity (including a special purpose entity used
for any Permitted Receivables Facility, (g) any Foreign Subsidiary, (h) any CFC Holding Company or any Subsidiary of a Foreign
Subsidiary or a CFC Holding Company, (i) any Unrestricted Subsidiary, (j) any subsidiary acquired pursuant to a Permitted Acquisition
or other Investment permitted by this Agreement that has assumed secured Indebtedness permitted by this

 

     20

     

    

Agreement
and not incurred in contemplation of such Permitted Acquisition or other Investment and any Restricted Subsidiary thereof that
guarantees such secured Indebtedness, in each case to the extent the terms of such secured Indebtedness prohibit such Subsidiary
from becoming a Subsidiary Guarantor, (k) any Restricted Subsidiary if the provision of a guarantee of the Obligations would result
in material adverse tax consequences to any Loan Party or any of its Subsidiaries (as determined in good faith by the Parent Borrower
with the consent of the Administrative Agent (not to be unreasonably withheld, conditioned or delayed)) and (l) any other Restricted
Subsidiary with respect to which, in the good faith judgment of the Administrative Agent and the Parent Borrower, the burden or
cost of becoming a Subsidiary Guarantor and providing a guarantee with respect to the Obligations are excessive in relation to
the benefits afforded thereby.

 

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

 

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

 

“Existing
Indebtedness Refinancing”: as defined in Section 5.1(c).

 

“Facility”:
each of (a) the Term B Commitments and the Term B Loans made thereunder (the “Term B Facility”), (b) the Revolving
Commitments and the extensions of credit made thereunder (the “Revolving Facility”) and (c) any Incremental
Term Facility. Additional Facilities may be established pursuant to Sections 2.24, 2.26 and/or 10.1.

 

“FATCA”:
Sections 1471 through 1474 of the Code, as of the Closing Date (or any amended or successor version that is substantively comparable
and not materially more onerous to comply with), any current or future regulations or official interpretations thereof, any agreements
entered into pursuant to Section 1471(b) of the Code and any law, regulation, rule, promulgation, guidance notes, practices or
official agreement implementing an official government agreement (or, for the avoidance of

 

     21

     

    

doubt,
any intergovernmental agreement, treaty or convention among Governmental Authorities) with respect to the foregoing.

 

“Federal
Funds Effective Rate”: for any day, the rate calculated by the Federal Reserve Bank of New York based on such day’s
federal funds transactions by depository institutions (as determined in such manner as the Federal Reserve Bank of New York shall
set forth on its public website from time to time) and published on the next succeeding Business Day by the Federal Reserve Bank
of New York as the federal funds effective rate; provided, that if the Federal Funds Effective Rate for any day is less than zero,
the Federal Funds Effective Rate for such day will be deemed to be zero.

 

“Fee
Letters”: that certain arranger fee letter related to this Agreement among the Parent Borrower and the Administrative
Agent dated as of July 24, 2018 and that certain administrative agent fee letter among the Parent Borrower and the Administrative
Agent dated as of July 24, 2018.

 

“Fee
Payment Date”: (a) the third Business Day following the last day of each March, June, September and December and (b)
the last day of the Revolving Commitment Period.

 

“Fixed
Amounts”: as defined in Section 1.2(f).

 

“Flood
Insurance Laws”: collectively, (i) the National Flood Insurance Reform Act of 1994 (which comprehensively revised the
National Flood Insurance Act of 1968 and the Flood Disaster Protection Act of 1973) as now or hereafter in effect or any successor
statute thereto, (ii) the Flood Insurance Reform Act of 2004 as now or hereafter in effect or any successor statute thereto and
(iii) the Biggert-Waters Flood Insurance Reform Act of 2012 as now or hereafter in effect or any successor statute thereto.

 

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

 

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

 

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

 

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

 

“Funded
Debt”: as to any Person, all Indebtedness of such Person that matures more than one year from the date of its creation
or matures within one year from such date but is renewable or extendible, at the option of such Person, to a date more than one
year from such date or arises under a revolving credit or similar agreement that obligates the lender or lenders to extend credit
during a period of more than one year from such date, including all current maturities and current sinking fund payments in

 

     22

     

    

respect
of such Indebtedness whether or not required to be paid within one year from the date of its creation and, in the case of the
Borrowers, Indebtedness in respect of the Loans.

 

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

 

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

 

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

 

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

 

“Guarantee
and Collateral Agreement”: the Guarantee and Collateral Agreement, dated as of the Closing Date, executed and delivered
by each Borrower and each Subsidiary Guarantor, substantially in the form of Exhibit A.

 

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

 

     23

     

    

such
guaranteeing person may be liable pursuant to the terms of the instrument embodying such Guarantee Obligation, unless such primary
obligation and the maximum amount for which such guaranteeing person may be liable are not stated or determinable, in which case
the amount of such Guarantee Obligation shall be such guaranteeing person’s maximum reasonably anticipated liability in
respect thereof as determined by the Parent Borrower in good faith.

 

“Immaterial
Subsidiary”: as of any date, collectively any Restricted Subsidiary (other than a Subsidiary Borrower) of the Parent
Borrower (ia)
that does not have assets in excess of 5.0% of Consolidated Total Assets of the Parent Borrower and its Restricted Subsidiaries
and (b) that does not have gross revenues in excess of 5.0% of the consolidated gross revenues of the Parent Borrower and its
Restricted Subsidiaries, in each case determined in accordance with GAAP as of the last day of the Applicable Reference Period;
provided that, the Consolidated Total Assets and consolidated gross revenues (as so determined) of all Immaterial Subsidiaries
for purposes of this clause (b) shall not exceed 7.5% of Consolidated Total Assets and 7.5% of consolidated gross revenues, in
each case, of the Parent Borrower and its Restricted Subsidiaries as of the last day of the Applicable Reference Period.

 

“Incremental
Acquisition Term Facility”: an Incremental Term Facility designated as an “Incremental Acquisition Term Facility”
by the applicable Borrower, the Administrative Agent and the applicable Incremental Term Lenders in the applicable Incremental
Facility Activation Notice, the making of which is conditioned upon the consummation of, and the proceeds of which will be used
to finance, a Permitted Acquisition or other acquisition or Investment permitted hereunder (including the refinancing of Indebtedness
in connection therewith (to the extent required in connection with such Permitted Acquisition, acquisition or Investment) and
the payment of related fees and expenses).

 

“Incremental
Availability Amount”: as defined in Section 2.24(a).

 

“Incremental
Equivalent Debt”: Indebtedness incurred by the Parent Borrower or any of its Restricted Subsidiaries consisting of the
issuance of one or more series of senior secured notes or loans, junior lien loans or notes, subordinated loans or notes or senior
unsecured loans or notes (in each case in respect of the issuance of notes, whether issued in a public offering, Rule 144A or
other private placement or purchase or otherwise) or any bridge financing in lieu of the foregoing, or secured or unsecured “mezzanine”
debt; provided that (A) no Lender shall have any obligation to participate in any Incremental Equivalent Debt unless it
agrees to do so in its sole discretion, (B) such Incremental Equivalent Debt shall be subject to the requirements set forth in
clauses (i), (v) and (vi) of the first proviso in Section 2.24(a) with respect to Incremental Term Loans (and shall be subject
to such clauses mutatis mutandis); provided that, in the case of any such Incremental Equivalent Debt in the form
of notes, such Incremental Equivalent Debt is not required to be repaid, prepaid, redeemed, repurchased or defeased, whether on
one or more fixed dates, upon the occurrence of one or more events or at the option of any holder thereof (except, in each case,
upon the occurrence of an Event of Default, a change in control, an event of loss or an asset disposition) prior to the date that
is 91 days after the Latest Maturity Date of the Term B Loans at such time, (C) any Incremental Equivalent Debt in the form of
Dollar denominated term loans secured by the Collateral on a pari passu basis with the Term B Loans shall be subject to
clause (vii) of the first proviso in Section 2.24(a) with respect to Incremental Term Loans (and shall be subject to such clause
mutatis mutandis), (D) if such Incremental Equivalent Debt is secured, (x) any such Incremental Equivalent Debt incurred
by a Loan Party (I) shall not be secured by any assets or property other than the Collateral and (II) shall be secured on a pari
passu basis with the Obligations or on a junior basis to the Obligations and (y) all security therefor shall be granted pursuant
to documentation substantially similar to the applicable Security Documents, and the secured parties thereunder, or a trustee
or collateral agent on their behalf, shall have become a party to (x) with respect to Incremental Equivalent Debt secured on a
junior basis to the Obligations, a customary “junior lien” intercreditor agreement in form and substance reasonably
satisfactory to the Administrative Agent and the Parent Borrower and (y) with respect to Incremental

 

     24

     

    

Equivalent
Debt secured on a pari passu basis with the Obligations, a customary “pari passu” intercreditor agreement
in form and substance reasonably satisfactory to the Administrative Agent and the Parent Borrower, (E) such Incremental Equivalent
Debt incurred by a Loan Party shall not be guaranteed by any Subsidiaries of the Parent Borrower other than the Guarantors and
(F) the other terms and conditions of such Incremental Equivalent Debt (excluding pricing) are, as determined in good faith by
the Parent Borrower, no more favorable, taken as a whole, to the investors providing such Incremental Equivalent Debt than those
applicable to the Term B Loans (except for covenants or other provisions that are applicable only to periods after the Latest
Maturity Date of the Term Loans existing under this Agreement at the time of incurrence of such Incremental Equivalent Debt).

 

“Incremental
Facilities”: as defined in Section 2.24(a).

 

“Incremental
Facility Activation Notice”: a notice substantially in the form of Exhibit I-1 or in such other form as is reasonably
acceptable to the Administrative Agent; provided that if such Incremental Facility Activation Notice is to effect amendments
to this Agreement or the other Loan Documents as contemplated by Section 2.24(d), the Administrative Agent shall have executed
such Incremental Facility Activation Notice.

 

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

 

“Incremental
Revolving Facility”: as defined in Section 2.24(a).

 

“Incremental
Term Facility”: as defined in Section 2.24(a).

 

“Incremental
Term Lenders”: (a) on any Incremental Term Loan Activation Date relating to Incremental Term Loans, the Lenders signatory
to the relevant Incremental Facility Activation Notice and (b) thereafter, each Lender that is a holder of an Incremental Term
Loan.

 

“Incremental
Term Loan Activation Date”: any Business Day on which any Lender shall execute and deliver to the Administrative Agent
an Incremental Facility Activation Notice pursuant to Section 2.24(a) in respect of Incremental Term Loans.

 

“Incremental
Term Loan Maturity Date”: with respect to the Incremental Term Loans to be made pursuant to any Incremental Facility
Activation Notice, the maturity date specified in such Incremental Facility Activation Notice in accordance with Section 2.24(a).

 

“Incremental
Term Loans”: any term loans made pursuant to Section 2.24(a).

 

“Incurrence-Based
Amounts”: as defined in Section 1.2(f).

 

“Indebtedness”:
of any Person at any date, without duplication, (a) all indebtedness of such Person for borrowed money, (b) all obligations of
such Person for the deferred purchase price of property or services (other than (i) trade payables incurred in the ordinary course
of such Person’s business and not overdue more than 90 days, (ii) deferred compensation payable to directors, officers or
employees of any Group Member and (iii) any purchase price adjustment or earnout obligation until such adjustment or obligation
becomes a liability on the balance sheet of such Person in accordance with GAAP), (c) all obligations of such Person evidenced
by notes, bonds, debentures or other similar instruments, (d) all indebtedness created or arising under any conditional sale or
other title retention agreement with respect to property acquired by such Person (even though the rights and remedies of the seller
or lender under such agreement in the event of default are limited to repossession or sale of such property), (e) all Capital
Lease

 

     25

     

    

Obligations
of such Person, (f) all obligations of such Person, contingent or otherwise, as an account party or applicant under or in respect
of acceptances, letters of credit, surety bonds or similar arrangements, (g) the liquidation value of all redeemable preferred
Disqualified Capital Stock of such Person, (h) all Guarantee Obligations of such Person in respect of obligations of the kind
referred to in clauses (a) through (g) above, (i) all obligations of the kind referred to in clauses (a) through (h) above secured
by (or for which the holder of such obligation has an existing right, contingent or otherwise, to be secured by) any Lien on property
(including accounts and contract rights) owned by such Person, whether or not such Person has assumed or become liable for the
payment of such obligation (but only to the extent of the lesser of (i) the amount of such Indebtedness and (ii) the fair market
value of such property), and (j) for the purposes of Section 8(e) only, all obligations of such Person in respect of Swap Agreements.
The Indebtedness of any Person shall include the Indebtedness of any other entity (including any partnership in which such Person
is a general partner) to the extent such Person is liable therefor as a result of such Person’s ownership interest in or
other relationship with such entity, except to the extent the terms of such Indebtedness expressly provide that such Person is
not liable therefor.

 

“Indemnified
Taxes”: (a) Taxes, other than Excluded Taxes, imposed on or with respect to any payment made by or on account of any
obligation of any Loan Party under any Loan Document and (b) to the extent not otherwise described in clause (a) above, Other
Taxes.

 

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

 

“Intellectual
Property”: the collective reference to all rights, priorities and privileges relating to intellectual property, whether
arising under United States, multinational or foreign laws or otherwise, including copyrights, copyright licenses, patents, patent
licenses, trademarks, trademark licenses, technology, know-how and processes, all registrations and applications therefor, and
all rights to sue at law or in equity for any infringement or other impairment thereof, including the right to receive all proceeds
and damages therefrom.

 

“Interest
Payment Date”: (a) as to any ABR Loan (other than any Swingline Loan), the last day of each March, June, September and
December to occur while such Loan is outstanding and the final maturity date of such Loan, (b) as to any Eurodollar Loan having
an Interest Period of three months or less, the last day of such Interest Period, (c) as to any Eurodollar Loan having an Interest
Period longer than three months, each day that is three months, or a whole multiple thereof, after the first day of such Interest
Period and the last day of such Interest Period, (d) as to any Loan (other than any Revolving Loan that is an ABR Loan and any
Swingline Loan), the date of any repayment or prepayment made in respect thereof and (e) as to any Swingline Loan, the day that
such Loan is required to be repaid.

 

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

 

(i)       if
any Interest Period would otherwise end on a day that is not a Business Day, such Interest Period shall be extended to the next
succeeding Business Day unless the result

 

     26

     

    

of
such extension would be to carry such Interest Period into another calendar month in which event such Interest Period shall end
on the immediately preceding Business Day;

 

(ii)       the
applicable Borrower may not select an Interest Period under a particular Facility that would extend beyond the Revolving Termination
Date or beyond the date final payment is due on the relevant Term Loans, as the case may be; and

 

(iii)       any
Interest Period that begins on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding
day in the calendar month at the end of such Interest Period) shall end on the last Business Day of the last calendar month of
such Interest Period.

 

“Interpolated
Rate”: in relation to the LIBO Rate, the rate which results from interpolating on a linear basis between:

 

		(a)	the
                                         applicable LIBO Rate for the longest period (for which that LIBO Rate is available) which
                                         is less than the Interest Period of that Loan; and

 

		(b)	the
                                         applicable LIBO Rate for the shortest period (for which that LIBO Rate is available)
                                         which exceeds the Interest Period of that Loan,

 

each
as of approximately 11:00 a.m. (London, England time) two Business Days prior to the commencement of such Interest Period of that
Loan.

 

“Investments”:
as defined in Section 7.7.

 

“IRS”:
the United States Internal Revenue Service.

 

“Issuing
Lender”: each of HSBC Bank USA, Barclays Bank PLC, and any other Revolving Lender approved by the Administrative Agent
and the Parent Borrower that has agreed in its sole discretion to act as an “Issuing Lender” hereunder, or any of
their respective affiliates, in each case in its capacity as issuer of any Letter of Credit. Each reference herein to “the
Issuing Lender” shall be deemed to be a reference to the relevant Issuing Lender.

 

“Joinder
Agreement”: as defined in Section 2.27(a).

 

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

 

“Judgment
Currency”: as defined in Section 10.20(b).

 

“Junior
Indebtedness”: (a) any Subordinated Indebtedness and (b) any Indebtedness of any Group Member that is secured by a Lien
on the Collateral that is junior to the Lien on the Collateral securing the Obligations, in each case of (a) and (b), other than
any such Indebtedness in an aggregate principal amount not exceeding $10,000,000 with respect to such Indebtedness.

 

“L/C
Commitment”: with respect to any Issuing Lender, the obligation of such Issuing Lender to issue Letters of Credit pursuant
to Section 3 in an aggregate principal amount not to exceed the amount set forth under the heading “L/C Commitment”
opposite such Issuing Lender’s name on

 

     27

     

    

Schedule 1.1C.
The original aggregate amount of the L/C Commitments as of the Closing Date is $50,000,000.

 

“L/C
Exposure”: at any time, the total L/C Obligations. The L/C Exposure of any Revolving Lender at any time shall be its
Revolving Percentage of the total L/C Exposure at such time; provided that in the case of Section 2.6(a) when a Defaulting Lender
shall exist, the L/C Exposure of any Revolving Lender shall be adjusted to give effect to any reallocation effected pursuant to
Section 2.23.

 

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

 

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

 

“Latest
Maturity Date”: with respect to any Facility and the Loans hereunder at any date of determination, the latest scheduled
maturity date applicable to such Facility and such Loan hereunder at such time, including in respect of any Incremental Term Facility.

 

“LCT
Test Date”: as defined in Section 1.3

 

“Lender
Counterparty”: each counterparty to a Specified Swap Agreement or a Specified Cash Management Agreement that is a Lender,
Arranger or an Agent or an Affiliate of a Lender, Arranger or an Agent in each case as of the Closing Date or as of the date such
Specified Swap Agreement or such Specified Cash Management Agreement is entered into.

 

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

 

“Lenders”:
as defined in the preamble hereto.

 

“Letters
of Credit”: as defined in Section 3.1(a).

 

“LIBO
Rate”: as defined in the definition of “Eurodollar Rate”.

 

“Lien”:
any mortgage, pledge, hypothecation, assignment, deposit arrangement, encumbrance, lien (statutory or other), charge or other
security interest or any preference, priority or other security agreement or preferential arrangement of any kind or nature whatsoever
(including any conditional sale or other title retention agreement and any capital lease having substantially the same economic
effect as any of the foregoing).

 

“Limited
Condition Transaction”: (a) any Permitted Acquisition or other Investment permitted pursuant to Section 7.7 by one or
more of the Parent Borrower and its Restricted Subsidiaries of or in any assets, business or person permitted by the Loan Documents,
in each case whose consummation is not conditioned on the availability of, or on obtaining, third party financing, (b) an irrevocable
debt repurchase or repayment that is permitted under this Agreement or (c) Restricted Payments permitted pursuant to Section 7.6
(but in the case of this clause (c), solely to the extent such Restricted Payments are consummated in connection with transactions
separately subject to clause (a) or (b) above).

 

     28

     

    

“Loan”:
any loan made by any Lender pursuant to this Agreement, including pursuant to any Incremental Facility.

 

“Loan
Documents”: this Agreement, the Security Documents, the Notes and any amendment, waiver, supplement or other modification
to any of the foregoing.

 

“Loan
Modification Agreement”: a Loan Modification Agreement, in form and substance reasonably satisfactory to the Administrative
Agent and the applicable Borrowers, among the applicable Borrowers, the Administrative Agent and one or more Accepting Lenders,
effecting one or more Permitted Amendments and such other amendments hereto and to the other Loan Documents as are contemplated
by Section 2.26.

 

“Loan
Modification Offer”: as defined in Section 2.26(a).

 

“Loan
Parties”: the Borrowers and the Subsidiary Guarantors.

 

“Market
Capitalization”: an amount equal to (i) the total number of issued and outstanding shares of common stock of the Parent
Borrower on the date of the declaration of a Restricted Payment multiplied by (ii) the arithmetic mean of the closing prices per
share of such common stock on the principal securities exchange on which such common stock is traded for the 20 consecutive trading
days immediately preceding the date of declaration of such Restricted Payment.

 

“Majority
Facility Lenders”: with respect to any Facility, the holders of more than 50% of the aggregate unpaid principal amount
of the Term Loans or the Total Revolving Extensions of Credit, as the case may be, outstanding under such Facility (or, in the
case of the Revolving Facility, prior to any termination of the Revolving Commitments, the holders of more than 50% of the Total
Revolving Commitments).

 

“Material
Acquisition”: any acquisition of property or series of related acquisitions of property that (a) constitutes assets
comprising all or substantially all of an operating unit of a business or constitutes all or substantially all of the common Capital
Stock of a Person and (b) involves the payment of consideration by the Group Members in excess of $10,000,000.

 

“Material
Adverse Effect”: a material adverse effect on (a) the business, property, operations or financial condition of the Parent
Borrower and its Restricted Subsidiaries taken as a whole or (b) the validity or enforceability of this Agreement or any of the
other Loan Documents or the rights or remedies of the Administrative Agent or the Lenders hereunder or thereunder.

 

“Material
Disposition”: any Disposition of property or series of related Dispositions of property that yields Net Cash Proceeds
to the Group Members in excess of $10,000,000.

 

“Material
Indebtedness”: Indebtedness (other than the Loans) or Swap Obligations of any one or more of the Parent Borrower and
the Restricted Subsidiaries in an aggregate principal amount in excess of the Threshold Amount. For purposes of determining Material
Indebtedness, the “principal amount” of any Swap Obligation at any time shall be the maximum aggregate amount (giving
effect to any netting agreements) that the Parent Borrower and/or any applicable Restricted Subsidiary would be required to pay
if the applicable Swap Agreement were terminated at such time.

 

“Material
Real Property”: any real property located in the United States that has a fair market value as of the date such real
property is acquired in excess of $7,500,000, as reasonably determined

 

     29

     

    

by
the Parent Borrower in good faith based on available information including book value, replacement cost, assessed value, and appraisals.

 

“Materials
of Environmental Concern”: any gasoline or petroleum (including crude oil or any fraction thereof) or petroleum products,
or any hazardous or toxic (or terms of similar meanings) substances, materials or wastes, defined or regulated as such in or under
any Environmental Law, including asbestos, polychlorinated biphenyls and urea-formaldehyde insulation.

 

“Maximum
Incremental Ratio Amount”: an amount represented by Incremental Facilities to be established pursuant to
Section 2.24 or Incremental Equivalent Debt so long as, immediately after giving effect to the establishment thereof
(assuming the full drawing of any such amount constituting an Incremental Revolving Facility then being incurred and
excluding from Unrestricted Cash in making such pro forma calculation the Net Cash Proceeds of such Incremental Facilities or
Incremental Equivalent Debt), (i) solely in the case of any such Incremental Facilities or Incremental Equivalent Debt that
is secured on a pari passu basis with the Term B Loans, the Consolidated First Lien Net Leverage Ratio, calculated on
a Pro Forma Basis for the Applicable Reference Period, would not exceed 2.501.50
to 1.00, (ii) solely with respect to any such Incremental Equivalent Debt that is secured by Liens that are junior to
the Liens securing the Obligations, or, in the case of any such Incremental Equivalent Debt incurred by non-Loan Parties,
secured by assets not constituting Collateral, the Consolidated Secured Net Leverage Ratio, calculated on a Pro Forma Basis
for the Applicable Reference Period, would not exceed 3.002.50 to
1.00 and (iii) solely with respect to any Incremental Equivalent Debt that is unsecured, either (I) the Consolidated
Total Net Leverage Ratio, calculated on a Pro Forma Basis for the Applicable Reference Period, would not exceed 3.002.50
to 1.00 or (II) the Cash Interest Coverage Ratio, calculated on a Pro Forma Basis for the Applicable Reference Period, would
not be less than 2.00 to 1.00.

 

“Merger
Sub”: Falcon Merger Subsidiary, LLC, a Delaware limited liability company.

 

“Minimum
Extension Condition”: as defined in Section 2.26(a).

 

“Moody’s”:
as defined in the definition of “Cash Equivalents”.

 

“Mortgaged
Properties”: (a) as of the Closing Date, the real properties listed on Schedule 1.1E and (b) thereafter, any real
property located in the United States that becomes subject to a Mortgage pursuant to this Agreement, in each case as to which
the Administrative Agent for the benefit of the Secured Parties shall be granted a Lien pursuant to the Mortgages.

 

“Mortgages”:
any mortgages, deeds of trust and/or deeds to secure debt made by any Loan Party in favor of, or for the benefit of, the Administrative
Agent for the benefit of the Secured Parties (with such changes thereto as shall be advisable under the law of the jurisdiction
in which such mortgage, deed of trust or deed to secure debt is to be recorded), including any Mortgages executed and delivered
pursuant to Sections 6.10(b) and 6.14.

 

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

 

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

 

     30

     

    

“Net
Cash Proceeds”: (a) in connection with any Disposition or any Recovery Event, the proceeds thereof in the form of cash
and Cash Equivalents (including any such proceeds received by way of deferred payment of principal pursuant to a note or installment
receivable or purchase price adjustment receivable or otherwise, but only as and when received), net of attorneys’ fees,
accountants’ fees, investment banking fees, amounts required to be applied to the repayment of Indebtedness secured by a
Lien expressly permitted hereunder on any asset that is the subject of such Disposition or Recovery Event (other than any Lien
pursuant to a Security Document) and other customary fees and expenses actually incurred in connection therewith and net of taxes
paid or reasonably estimated to be payable as a result thereof (after taking into account any available tax credits or deductions
and any tax sharing arrangements) and (b) in connection with any issuance or sale of Capital Stock or any incurrence of Indebtedness,
the cash proceeds received from such issuance or incurrence, net of attorneys’ fees, investment banking fees, accountants’
fees, underwriting discounts and commissions and other customary fees and expenses actually incurred in connection therewith.

 

“New
Lender”: as defined in Section 2.24(b).

 

“New
Lender Supplement”: as defined in Section 2.24(b).

 

“No
Undisclosed Information Representation”: with respect to any Person, a representation that such Person is not in possession
of any material non-public information with respect to the Parent Borrower or any of its Subsidiaries that has not been disclosed
to the Lenders generally (other than those Lenders who have elected to not receive any non-public information with respect to
the Parent Borrower or any of its Subsidiaries) and if so disclosed could reasonably be expected to have a material effect upon,
or otherwise be material to, the market price of the applicable Loan, or the decision of an assigning Lender to sell, or of an
assignee to purchase, such Loan.

 

“Non-Guarantor
Debt Basket”: an amount equal to the greater of $50,000,000 and 30% of Consolidated
EBITDA for the Applicable Reference Period$20,000,000.

 

“Non-U.S.
Lender”: (a) if the applicable Borrower is a U.S. Person, a Lender, with respect to the applicable Borrower, that is
not a U.S. Person, and (b) if the applicable Borrower is not a U.S. Person, a Lender, with respect to the applicable Borrower,
that is resident or organized under the laws of a jurisdiction other than that in which the applicable Borrower is resident for
tax purposes.

 

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

 

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

 

“Notice
of Designations”: as defined in Section 2.27(a).

 

“Obligations”:
the unpaid principal of and interest on (including interest accruing after the maturity of the Loans and Reimbursement Obligations
and interest accruing after the filing of any petition in bankruptcy, or the commencement of any insolvency, reorganization or
like proceeding, relating to any Borrower, whether or not a claim for post-filing or post-petition interest is allowed in such
proceeding) the Loans and all other obligations and liabilities of the Borrowers to the Administrative Agent or to any Lender
(or, in the case of Specified Swap Agreements and Specified Cash Management Agreements, any Lender Counterparty), whether direct
or indirect, absolute or contingent, due or to become due, or now existing or hereafter incurred, which arise under, out of, or
in connection with, this Agreement, any other Loan Document, the Letters of Credit, any Specified Swap Agreement, any Specified
Cash Management Agreement or any other document made, delivered or given in connection herewith or therewith, whether

 

     31

     

    

on
account of principal, interest, reimbursement obligations, fees, indemnities, costs, expenses (including all fees, charges and
disbursements of counsel to the Administrative Agent or to any Lender that are required to be paid by the Borrowers pursuant hereto)
or otherwise.

 

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

 

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

 

“Parent
Borrower”: as defined in the preamble hereto.

 

“Participant”:
as defined in Section 10.6(c).

 

“Participant
Register”: as defined in Section 10.6(c).

 

“PATRIOT
Act”: as defined in Section 10.17.

 

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

 

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

 

“Permitted
Acquisition”: (subject to the application of Section 1.3 in the case of a Limited Condition Transaction) means any Acquisition
(including any Investment in any Person which serves to increase the ownership position of any Borrower or any Restricted Subsidiary
thereof); provided that with respect to each such Acquisition (i) after giving effect thereto, the Parent Borrower and
its Restricted Subsidiaries are in compliance with Section 7.15, (ii) immediately before and immediately after giving effect on
a pro forma basis to any such purchase or other acquisition, no Event of Default under clauses (a) or (f) of Section 8 shall have
occurred and be continuing and (iii) any such newly created or acquired Subsidiary shall be a Restricted Subsidiary and shall,
to the extent required by Section 6.10, comply with the requirements of Section 6.10 in the time periods set forth therein.

 

“Permitted
Amendment”: an amendment to this Agreement and/or the other Loan Documents, effected in connection with a Loan Modification
Offer pursuant to Section 2.26, providing for an extension of the scheduled maturity date and/or amortization applicable to the
Loans of the Accepting Lenders of a relevant Facility and, in connection therewith, which may also provide for (a)(i) a change
in the Applicable Margin with respect to the Loans of the Accepting Lenders subject to such Permitted Amendment and/or (ii) a
change in the fees payable to, or the inclusion of new fees to be payable to, the Accepting Lenders in respect of such Loans,
(b) changes to any prepayment premiums with respect to the

 

     32

     

    

applicable
Loans of a relevant Facility, (c) such amendments to this Agreement and the other Loan Documents as shall be appropriate, in the
reasonable judgment of the Administrative Agent, to provide the rights and benefits of this Agreement and other Loan Documents
to each new Facility of Loans and/or commitments resulting therefrom and (d) additional amendments to the terms of this Agreement
and/or the other Loan Documents applicable to the applicable Loans of the Accepting Lenders that are less favorable to such Accepting
Lenders than the terms of this Agreement and/or the other Loan Documents, as applicable, prior to giving effect to such Permitted
Amendments and that are reasonably acceptable to the Administrative Agent.

 

“Permitted
Closing Date Use of Proceeds”: as defined in Section 4.16.

 

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

 

“Permitted
Receivables Facility”: any Receivables Facility; provided that the aggregate outstanding and uncollected amount
of accounts receivable pledged, sold, conveyed or otherwise transferred in connection with all such Receivables Facilities shall
not exceed $25,000,000 at any time.

 

“Permitted
Refinancing Indebtedness ”: with respect to any Indebtedness of any Person (the “Original Indebtedness”),
any modification, refinancing, refunding, replacement, renewal or extension of such Indebtedness, in whole or in part; provided,
that (i) no Person that is not an obligor with respect to the Original Indebtedness shall be an obligor with respect to such Permitted
Refinancing Indebtedness, (ii) the final maturity and weighted average life to maturity of such Indebtedness shall not be shortened
as a result of such modification, refinancing, refunding, replacement, renewal or extension, (iii) in the case of any modification,
refinancing, refunding, replacement, renewal or extension of Indebtedness incurred pursuant to Section 7.2(b), the other material
terms and conditions of such Indebtedness after giving effect to such modification, refinancing, refunding, replacement, renewal
or extension, taken as a whole (other than interest rates, rate floors, fees and optional prepayment or redemption terms), shall
not be materially more restrictive as determined by the Parent Borrower in good faith, (iv) (x) in the case of any Original Indebtedness
consisting of a revolving credit facility, the committed amount (in the case of a revolving credit facility) or principal of such
Permitted Refinancing Indebtedness does not exceed the committed amount in respect of the Original Indebtedness and (y) otherwise,
the principal amount (or accreted value or committed amount, if applicable) thereof does not exceed the principal amount (or accreted
value or committed amount, if applicable) of the Original Indebtedness, except in each case by an amount (such amount, the “Additional
Permitted Amount”) equal to unpaid accrued interest and premium thereon at such time plus reasonable fees (including
original issue discount and upfront fees), penalties, premiums and expenses incurred in connection with such modification, refinancing,
refunding, replacement, renewal or extension, (v) for the avoidance of doubt, the Original Indebtedness is paid down (or commitments
in respect thereof are reduced) on a dollar-for-dollar basis by such Permitted Refinancing Indebtedness (other than by the Additional
Permitted Amount), (vi) if the Original Indebtedness shall have been subordinated to the Obligations, such Permitted Refinancing
Indebtedness shall also be subordinated to the Obligations on terms not less favorable in any material respect to the Lenders
and (vii) such Permitted Refinancing Indebtedness shall not be secured by any Lien on any asset other than the assets that secured
such Original Indebtedness (or would have been required to secure such Original Indebtedness pursuant to the terms thereof) or,
in the event Liens securing such Original Indebtedness shall have been contractually subordinated to any Lien securing the Obligations,
by any Lien that shall not have been contractually subordinated to at least the same extent.

 

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

 

     33

     

    

“Plan”:
any employee benefit plan as defined in Section 3(3) of ERISA, including any employee welfare benefit plan (as defined in Section
3(1) of ERISA), any employee pension benefit plan (as defined in Section 3(2) of ERISA but excluding any Multiemployer Plan),
and any plan which is both an employee welfare benefit plan and an employee pension benefit plan, and in respect of which any
Group Member or any ERISA Affiliate is (or, if such Plan were terminated, would under Section 4069 of ERISA be deemed to be) an
“employer” as defined in section 3(5) of ERISA.

 

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

 

“Planned
Expenditures”: as defined in the definition of “Excess Cash Flow”.

 

“Prime
Rate”: the rate of interest last quoted by The Wall Street Journal as the “Prime Rate” in the U.S. or, if
The Wall Street Journal ceases to quote such rate, the highest per annum interest rate published by the Federal Reserve Board
in Federal Reserve Statistical Release H.15 (519) (Selected Interest Rates) as the “bank prime loan” rate or, if such
rate is no longer quoted therein, any similar rate quoted therein (as reasonably determined by the Administrative Agent) or any
similar release by the Federal Reserve Board (as reasonably determined by the Administrative Agent).

 

“Pro
Forma Basis”: subject to Section 1.4, with respect to the calculation of any test or covenant hereunder, such test or
covenant being calculated after giving effect to (a) any designation of a Restricted Subsidiary as an Unrestricted Subsidiary,
(b) any designation of an Unrestricted Subsidiary as a Restricted Subsidiary, (c) any Material Acquisition, (d) any Material Disposition,
(e) any assumption, incurrence, repayment or other Disposition of Indebtedness, (f) any Investment constituting an acquisition
of assets constituting a business unit, line of business or division of another Person, (g) any Disposition of a business unit,
line of business or division of the Parent Borrower or a Restricted Subsidiary, in each case of (c) through (g), whether by merger,
consolidation, amalgamation or otherwise, or any incurrence or repayment of Indebtedness (other than Indebtedness incurred or
repaid under any revolving credit facility in the ordinary course of business for working capital purposes without any adjustment
to the commitments thereunder), (h) any Restricted Payment or (i) any other event that by the terms of this Agreement requires
a test to be calculated for “pro forma compliance” or on a “pro forma basis” or after giving
“pro forma effect” (all of the foregoing, “Applicable Transactions”) using, for purposes
of determining such compliance, the historical financial statements of all entities or assets so designated, acquired or sold
(to the extent available) and the consolidated financial statements of the Parent Borrower and its Restricted Subsidiaries, which
shall be reformulated as if all Applicable Transactions during the Applicable Reference Period, or subsequent to the Applicable
Reference Period and on or prior to the date of such calculation, had been consummated at the beginning of such period (and shall
include, with respect to any Material Acquisition or Material Disposition, any adjustments calculated in accordance with (and
subject to the requirements and limitations of) clause (i) of the definition of “Consolidated EBITDA”).

 

“Pro
Forma Financial Statements”: as defined in Section 4.1(a).

 

“Prohibited
Transaction”: as defined in Section 406 of ERISA and Section 4975(c) of the Code.

 

“Projections”:
as defined in Section 6.2(c).

 

“Properties”:
as defined in Section 4.17(a).

 

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

 

     34

     

    

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

 

“Purchasing
Borrower Party”: any of the Parent Borrower or any Restricted Subsidiary.

 

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

 

“Quotation
Day”: with respect to any Eurodollar Loan for any Interest Period, two Business Days prior to the commencement of such
Interest Period.

 

“Ratings
Condition”: the public corporate family rating or corporate credit rating, as applicable, of the Parent Borrower after
giving effect to the Transactions being at least Ba3 from Moody’s (stable outlook or better) and BB- from S&P (stable
outlook or better).

 

“Receivables
Facility”: the collective reference to any Receivables Purchase Facility or Receivables Securitization Facility.

 

“Receivables
Purchase Facility”: any one or more receivables purchase or financing facilities entered into in connection with any
continuing accounts receivables discounting, factoring or financing arrangement with terms and conditions reasonably satisfactory
to the Administrative Agent and pursuant to which the Parent Borrower or any Restricted Subsidiary may pledge, sell, convey or
otherwise transfer its accounts receivable to any Person (other than the Parent Borrower or a Restricted Subsidiary) in exchange
for cash (including, in the case of any pledge of accounts receivables, cash proceeds of loans made by such Person that are secured
by such pledged accounts receivables) in an amount equal to or greater than the fair market value (as determined in good faith
by the Parent Borrower and taking into account customary discount fees or customary discount factors) of the accounts receivables
so pledged, sold, conveyed or transferred.

 

“Receivables
Securitization Facility”: any one or more receivables financing facilities the obligations of which are non-recourse
(except for customary representations, warranties, covenants and indemnities made in connection with such facilities) to the Parent
Borrower and its Restricted Subsidiaries (other than a Receivables Subsidiary) pursuant to which the Parent Borrower or any Restricted
Subsidiary sells its accounts receivable to either (a) a Person that is not a Restricted Subsidiary or (b) a Receivables Subsidiary
that in turn funds such purchase by purporting to sell the accounts receivable to a Person that is not a Restricted Subsidiary
or by borrowing from such a Person or from another Receivables Subsidiary that in turn funds itself by borrowing from such a Person.

 

“Receivables
Subsidiary”: any Subsidiary of the Parent Borrower formed for the purpose of facilitating or entering into one or more
Receivables Facilities, and in each case engages only in activities reasonably related or incidental thereto; provided
that each Receivables Subsidiary shall at all times be 100% owned by a Loan Party.

 

“Recovery
Event”: any settlement of or payment in respect of any property or casualty insurance claim or any condemnation proceeding
relating to any asset of any Group Member that yields Net Cash Proceeds to any Group Member in excess of $7,500,000.

 

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

 

“Refunded
Swingline Loans”: as defined in Section 2.7.

 

     35

     

    

“Register”:
as defined in Section 10.6(b).

 

“Regulation
U”: Regulation U of the Board as in effect from time to time.

 

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

 

“Reinvestment
Deferred Amount”: with respect to any Reinvestment Event, the aggregate Net Cash Proceeds received by any Group Member
in connection therewith that are not applied to prepay the Term Loans pursuant to Section 2.11(b) as a result of the delivery
of a Reinvestment Notice.

 

“Reinvestment
Event”: any Asset Sale or Recovery Event in respect of which the Parent Borrower has delivered a Reinvestment Notice.

 

“Reinvestment
Notice”: a written notice executed by a Responsible Officer stating that no Event of Default has occurred and is continuing
and that the Parent Borrower (directly or indirectly through a Restricted Subsidiary) intends and expects to use all or a specified
portion of the Net Cash Proceeds of an Asset Sale or Recovery Event to acquire or repair assets useful in its business.

 

“Reinvestment
Prepayment Amount”: with respect to any Reinvestment Event, the Reinvestment Deferred Amount relating thereto less any
amount expended prior to the relevant Reinvestment Prepayment Date to acquire or repair assets useful in the Parent Borrower’s
business.

 

“Reinvestment
Prepayment Date”: with respect to any Reinvestment Event, the earlier of (a) the date occurring 12 months after such
Reinvestment Event (or if the Parent Borrower or the relevant Restricted Subsidiary, as applicable, has contractually committed
within 12 months after such Reinvestment Event to reinvest such Reinvestment Deferred Amount, the date occurring 18 months after
such Reinvestment Event) and (b) the date on which the Parent Borrower shall have determined not to, or shall have otherwise ceased
to, acquire or repair assets useful in the Parent Borrower’s business with all or any portion of the relevant Reinvestment
Deferred Amount.

 

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

 

“Replaced
Term Loans”: as defined in Section 10.1.

 

“Replacement
Term Loans”: as defined in Section 10.1

 

“Reportable
Event”: any of the events set forth in Section 4043(c) of ERISA or the regulations issued thereunder, with respect to
a Pension Plan, other than those events as to which notice is waived pursuant to DOL Reg. Section 4043 as in effect on the Closing
Date (no matter how such notice requirement may be changed in the future).

 

“Repricing
Transaction”: (a) any prepayment of Term B Loans with the proceeds of a substantially concurrent incurrence of syndicated
term loan Indebtedness by any Group Member (other than any such incurrence in connection with a Change of Control or a Transformative
Acquisition) in respect of which the all-in yield is, on the date of such prepayment, lower than the all-in yield on such Term
B Loans (with the all-in yield calculated by the Administrative Agent in accordance with standard market practice, taking into
account, in each case, any interest rate floors, the Applicable Margin hereunder and the interest rate spreads under such Indebtedness,
and any original issue discount and upfront fees applicable to or payable in respect of such Term B Loans and such Indebtedness
with the original issue discount and upfront

 

     36

     

    

fees
being equated to interest rate assuming a four-year life to maturity of such Indebtedness (but excluding arrangement, structuring,
underwriting, commitment, amendment or other fees that are not paid generally to all lenders of such Indebtedness)) and (b) any
amendment, amendment and restatement or other modification to this Agreement that reduces the all-in yield (calculated as set
forth in clause (a) above) of the Term B Loans (other than any such amendment, amendment and restatement or other modification
effected in connection with a Change of Control or a Transformative Acquisition), in each case where the primary purpose of such
prepayment or amendment is to reduce the all-in yield of the Term B Loans (including through such substantially concurrent incurrence
of Indebtedness the proceeds of which are used to prepay the Term B Loans).

 

“Required
Lenders”: at any time, the holders of more than 50% of the sum of (a) the aggregate unpaid principal amount of the Term
Loans then outstanding and (b) the Total Revolving Commitments then in effect or, if the Revolving Commitments have been terminated,
the Total Revolving Extensions of Credit then outstanding.

 

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

 

“Requirement
of Law”: as to any Person, the Certificate of Incorporation and By-Laws or other organizational or governing documents
of such Person, and any law, treaty, rule or regulation or determination of an arbitrator or a court or other Governmental Authority,
in each case applicable to or binding upon such Person or any of its property or to which such Person or any of its property is
subject.

 

“Responsible
Officer”: the chief executive officer, president or chief financial officer of the Parent Borrower, but in any event,
with respect to financial matters, the chief financial officer of the Parent Borrower.

 

“Restricted
Debt Payment”: as defined in Section 7.8(a).

 

“Restricted
Payments”: as defined in Section 7.6.

 

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

 

“Retained
Asset Sale Proceeds”: at any date of determination, an amount determined on a cumulative basis, that is equal to the aggregate
cumulative sum of (a) all Net Cash Proceeds received by the Parent Borrower or any of its Restricted Subsidiaries that, pursuant
to application of the Applicable Prepayment Percentage, are or were not required to be applied to prepay Term Loans pursuant to
Section 2.11(b) and (b) all Net Cash Proceeds received by the Parent Borrower or any of its Restricted Subsidiaries from any Disposition
that would constitute an Asset Sale or any event that would constitute a Recovery Event but that, in each case, does not constitute
an Asset Sale or a Recovery Event, as applicable, pursuant to application of the $7,500,000 materiality threshold contained in
the respective definitions thereof.

 

“Revolving
Commitment”: as to any Lender, the obligation of such Lender, if any, to make Revolving Loans and participate in Swingline
Loans and Letters of Credit in an aggregate principal and/or face amount not to exceed the amount set forth under the heading
“Revolving Commitment” opposite such Lender’s name on Schedule 1.1A or in the Assignment and Assumption pursuant
to which such Lender became a party hereto, as the same may be changed from time to time pursuant to the terms hereof. The original
amount of the Total Revolving Commitments is $65,000,000.

 

     37

     

    

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

 

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

 

“Revolving
Facility”: as defined in the definition of “Facility”.

 

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

 

“Revolving
Loans”: as defined in Section 2.4(a).

 

“Revolving
Percentage”: with respect to any Revolving Lender at any time, the ratio (expressed as a percentage) of the aggregate
amount of such Lender’s Revolving Commitments at such time to the aggregate amount of the Total Revolving Commitments at
such time (or, at any time after the Revolving Commitments shall have expired or terminated, the ratio (expressed as a percentage)
of the aggregate principal amount of such Revolving Lender’s Revolving Loans then outstanding to the aggregate principal
amount of the Revolving Loans of all Revolving Lenders then outstanding); provided, that, in the event that the Revolving
Loans are paid in full prior to the reduction to zero of the Total Revolving Extensions of Credit, the Revolving Percentages shall
be determined in a manner designed to ensure that the other outstanding Revolving Extensions of Credit shall be held by the Revolving
Lenders on a comparable basis. Notwithstanding the foregoing, when a Defaulting Lender shall exist (i) in the case of Section
2.23, Revolving Percentages shall be determined without regard to any Defaulting Lender’s Revolving Commitment and (ii)
in the case of the defined term “Revolving Extensions of Credit” (other than as used in Section 2.23(c)) and Section
2.4(a), Revolving Percentages shall be adjusted to give effect to any reallocation effected pursuant to Section 2.23(c).

 

“Revolving
Termination Date”: August 27, 2023.

 

“S&P”:
as defined in the definition of “Cash Equivalents”.

 

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

 

“Sanctioned
Person”: at any time, (a) any Person listed in any Sanctions-related list of designated Persons maintained by the Office
of Foreign Assets Control of the U.S. Department of the Treasury or the U.S. Department of State or by the United Nations Security
Council, the European Union, any European Union member state or Her Majesty’s Treasury of the United Kingdom, (b) any Person
located, organized or resident in a Sanctioned Country or (c) any Person owned 50 percent or more by any Person or Persons described
in the foregoing clause (a).

 

“Sanctions”:
economic or financial sanctions or trade embargoes imposed, administered or enforced from time to time by (a) the U.S. government,
including those administered by the Office of Foreign Assets Control of the U.S. Department of the Treasury or the U.S. Department
of State or (b) the United Nations Security Council, the European Union, or Her Majesty’s Treasury of the United Kingdom.

 

“Screen
Rate”: as defined in the definition of “Eurodollar Base Rate”.

 

     38

     

    

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

 

“Secured
Parties”: as defined in the Guarantee and Collateral Agreement.

 

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

 

“Solvency
Certificate”: a solvency certificate from the Chief Financial Officer of the Parent Borrower substantially in the form
of Exhibit K.

 

“Solvent”:
as of any date of determination, (a) the fair value of the assets of the Parent Borrower and its Restricted Subsidiaries, on a
consolidated basis, at a fair valuation, will exceed their debts and liabilities, subordinated, contingent or otherwise, (b) the
present fair saleable value of the assets of the Parent Borrower and its Restricted Subsidiaries, on a consolidated basis, will
be greater than the amount that will be required to pay the probable liabilities on its debts and other liabilities, subordinated,
contingent or otherwise, as such debts and other liabilities become absolute and matured, (c) the Parent Borrower and its Restricted
Subsidiaries, on a consolidated basis, will be able to pay their debts and liabilities, subordinated, continent or otherwise,
as such debts and liabilities become absolute and matured and (d) the Parent Borrower and its Restricted Subsidiaries, on a consolidated
basis, will not have an unreasonably small capital with which to conduct the business in which it is engaged as such business
is conducted as of such date of determination and proposed to be conducted following such date.

 

“Specified
Acquisition Agreement Representations”: (a) as used in Section 5.1(o), the representations made by or on behalf of the
Target in the Closing Date Acquisition Agreement that are material to the interest of the Lenders, but only to the extent that
accuracy of any such representation is a condition to the obligations of the Parent Borrower (or any affiliate thereof) to close
under the Closing Date Acquisition Agreement or the Parent Borrower (or any affiliate thereof) has the right (without regard to
any notice requirement but giving effect to any applicable cure provisions) to terminate its obligations under the Closing Date
Acquisition Agreement as a result of a breach of such representations in the Closing Date Acquisition Agreement and (b) otherwise,
with respect to any acquisition contemplated by the Parent Borrower or any Restricted Subsidiary, the representations made by
or on behalf of the proposed target of such acquisition in the documentation governing such acquisition (the “Subject
Acquisition Agreement”) that are material to the interests of the applicable Lenders, but only to the extent that accuracy
of any such representation is a condition to the obligations of the Parent Borrower (or any affiliate thereof) to close under
the Subject Acquisition Agreement or the Parent Borrower (or an affiliate thereof) has the right (without regard to any notice
requirement but giving effect to any applicable cure provisions) to terminate its obligations under the Subject Acquisition Agreement
as a result of a breach of such representations in the Subject Acquisition Agreement.

 

“Specified
Cash Management Agreement”: any agreement providing for treasury, depositary, purchasing card or cash management services,
including in connection with any automated clearing house transfers of funds or any similar transactions between any Borrower
or any Guarantor and any Lender Counterparty, which has been designated by such Lender Counterparty and the Parent Borrower, by
notice to the Administrative Agent as a “Specified Cash Management Agreement”.

 

“Specified
Representations”: the representations and warranties of the Borrowers and the Subsidiary Guarantors set forth in Sections
4.3(a) and (c), 4.4(a), 4.5 (solely with respect to organizational

 

     39

     

    

or
governing documents of the Loan Parties), 4.11, 4.14, 4.19, 4.20 and 4.24 (solely with respect to the last sentence thereof).

 

“Specified
Swap Agreement”: any Swap Agreement in respect of interest rates, currency exchange rates or commodity prices entered
into by any Borrower or any Guarantor and any Lender Counterparty.

 

“Specified
Time”: 11:00 A.M., London time.

 

“Subordinated
Indebtedness”: any Indebtedness of any Group Member that is expressly subordinated in right of payment to the Obligations.

 

“Subsidiary”:
as to any Person, a corporation, partnership, limited liability company or other entity of which shares of stock or other ownership
interests having ordinary voting power (other than stock or such other ownership interests having such power only by reason of
the happening of a contingency) to elect a majority of the board of directors or other managers of such corporation, partnership
or other entity are at the time owned, or the management of which is otherwise controlled, directly or indirectly through one
or more intermediaries, or both, by such Person. Unless otherwise qualified, all references to a “Subsidiary” or to
“Subsidiaries” in this Agreement shall refer to a Subsidiary or Subsidiaries of the Parent Borrower.

 

“Subsidiary
Borrower”: any Domestic Subsidiary of the Parent Borrower that becomes a party hereto pursuant to Section 2.27 until
such time as such Subsidiary Borrower is removed as a party hereto pursuant to Section 2.27.

 

“Subsidiary
Guarantor”: each Restricted Subsidiary of the Parent Borrower that is party to the Guarantee and Collateral Agreement
as a Guarantor.

 

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

 

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

 

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

 

“Swingline
Commitment”: with respect to any Swingline Lender, the obligation of such Swingline Lender to make Swingline Loans pursuant
to Section 2.6 in an aggregate principal amount not to exceed the amount set forth under the heading “Swingline Commitment”
opposite such Lender’s name on Schedule 1.1D. The original aggregate amount of the Swingline Commitments as of the Closing
Date is $10,000,000.

 

“Swingline
Exposure”: at any time, the sum of the aggregate amount of all outstanding Swingline Loans at such time. The Swingline
Exposure of any Revolving Lender at any time shall be the sum of (a) its Revolving Percentage of the total Swingline Exposure
at such time related to Swingline Loans

 

     40

     

    

other
than any Swingline Loans made by such Lender in its capacity as a Swingline Lender and (b) if such Lender shall be a Swingline
Lender, the principal amount of all Swingline Loans made by such Lender outstanding at such time (to the extent that the other
Revolving Lenders shall not have funded their participations in such Swingline Loans); provided that in the case of Sections 2.4(a)
and 2.6(a) when a Defaulting Lender shall exist, the Swingline Exposure of any Revolving Lender shall be adjusted to give effect
to any reallocation effected pursuant to Section 2.23.

 

“Swingline
Lenders”: HSBC Bank USA and Barclays Bank PLC, each in its capacity as a lender of Swingline Loans.

 

“Swingline
Loans”: as defined in Section 2.6.

 

“Swingline
Participation Amount”: as defined in Section 2.7.

 

“Syndication
Agent”: the Syndication Agent identified on the cover page of this Agreement.

 

“Target”:
as defined in the recitals hereto.

 

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

 

“Term
B Commitment”: as to any Lender, the obligation of such Lender, if any, to make a Term B Loan to the Parent Borrower
in a principal amount not to exceed the amount set forth under the heading “Term B Commitment” opposite such Lender’s
name on Schedule 1.1B. The original aggregate amount of the Term B Commitments as of the Closing Date is $350,000,000.

 

“Term
B Facility”: as defined in the definition of “Facility”.

 

“Term
B Lender”: each Lender that holds a Term B Commitment or that holds a Term B Loan.

 

“Term
B Loan”: as defined in Section 2.1.

 

“Term
B Maturity Date”: August 27, 2025.

 

“Term
B Percentage”: as to any Term B Lender at any time, the ratio (expressed as a percentage) of the aggregate outstanding
principal amount of the Term B Loans of such Term B Lender at such time to the aggregate outstanding principal amount of the Term
B Loans of all Term B Lenders at such time.

 

“Term
Lenders”: the collective reference to the Term B Lenders and the Incremental Term Lenders.

 

“Term
Loans”: the collective reference to the Term B Loans, the Incremental Term Loans and any Replacement Term Loans.

 

“Threshold
Amount”: at any time, an amount equal to the greater of (x) $25,000,000 and (y) 15% of Consolidated EBITDA for the Applicable
Reference Period.

 

     41

     

    

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

 

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

 

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

 

“Transaction
Costs”: as defined in Section 4.16.

 

“Transactions”:
collectively, (a) the Closing Date Acquisition, (b) the execution, delivery and performance by the Borrowers and the other Loan
Parties of this Agreement, the borrowing of Loans hereunder and the use of proceeds thereof and (c) the Existing Indebtedness
Refinancing.

 

“Transferee”:
any Assignee or Participant.

 

“Transformative
Acquisition”: any acquisition or Investment by the Parent Borrower or any Restricted Subsidiary that is either (a) not
permitted by the terms of this Agreement immediately prior to the consummation of such acquisition or Investment or (b) if permitted
by the terms of this Agreement immediately prior to the consummation of such acquisition or Investment, would not provide the
Parent Borrower and its Restricted Subsidiaries with adequate flexibility under this Agreement for the continuation and/or expansion
of their combined operations following such consummation (as determined by the Parent Borrower acting in good faith).

 

“Type”:
as to any Loan, its nature as an ABR Loan or a Eurodollar Loan.

 

“United
States”: the United States of America.

 

“Unrestricted
Cash”: unrestricted cash and Cash Equivalents owned by any Group Member and not controlled by or subject to any Lien
or other preferential arrangement in favor of any creditor (other than Liens created under the Security Documents) and Liens of
the type referred to in Section 7.3(u) or Section 7.3(x)).

 

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

 

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

 

“U.S.
Tax Compliance Certificate”: as defined in Section 2.19(f)(ii)(B).

 

“Voluntary
Prepayment Amount”: as of any date, an amount equal to (a) the aggregate amount of all voluntary permanent commitment
reductions in respect of the Revolving Facility (including under any Incremental Revolving Facility) and all voluntary prepayments
of any Term Loans, any Incremental Term Loans and any Incremental Equivalent Debt, in each case incurred pursuant to the Base
Incremental Amount (and all debt buybacks of any of the foregoing with credit given to the amount of cash used to make such buybacks),
and any long-term Permitted Refinancing Indebtedness secured on a pari passu basis with the Facilities (to the extent such
Permitted Refinancing Indebtedness was previously

 

     42

     

    

applied
to the prepayment of any Revolving Facility (including under any Incremental Revolving Facility) accompanied with a permanent
commitment reduction and any Term Loans, any Incremental Term Loans or any Incremental Equivalent Debt in each case incurred pursuant
to the Base Incremental Amount) at or prior to such time (in each case, excluding prepayments made with the proceeds of long-term
Indebtedness (other than revolving Indebtedness)), less (b) the aggregate principal amount of Incremental Term Loans or
Incremental Equivalent Debt established prior to such date in reliance on the Voluntary Prepayment Amount.

 

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

 

“Withdrawal
Liability”: any liability to a Multiemployer Plan as a result of a complete or partial withdrawal from such Multiemployer
Plan, as such terms are used in sections 4203 and 4205, respectively, of ERISA.

 

“Write-Down
and Conversion Powers”: with respect to any EEA Resolution Authority, the write-down and conversion powers of such EEA
Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down and
conversion powers are described in the EU Bail-In Legislation Schedule.

 

1.2
Other Interpretive Provisions. (a) Unless otherwise specified therein, all terms defined in this Agreement shall have the
defined meanings when used in the other Loan Documents or any certificate or other document made or delivered pursuant hereto
or thereto.

 

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

 

(c)       The
words “hereof”, “herein” and “hereunder” and words of similar import, when used in this Agreement,
shall refer to this Agreement as a whole and not to any particular

 

     43

     

    

provision
of this Agreement, and Section, Schedule and Exhibit references are to this Agreement unless otherwise specified.

 

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

 

(e)       Notwithstanding
any change in GAAP after December 31, 2017 that would require obligations that would be classified and accounted for as an operating
lease (including, without limitation, any railcar operating leases) under GAAP as existing on December 31, 2017 to be classified
and accounted for as Capital Leases or otherwise reflected on the consolidated balance sheet of the Parent Borrower and its Subsidiaries,
such obligations shall continue to be treated as operating leases for all purposes under this Agreement.

 

(f)       Notwithstanding
anything to the contrary herein, unless the Parent Borrower otherwise notifies the Administrative Agent, with respect to any amount
incurred or transactions entered into (or consummated) in reliance on a provision of this Agreement that does not require compliance
with a financial ratio or financial test (including any Consolidated First Lien Net Leverage Ratio test, Consolidated Secured
Net Leverage Ratio test, Consolidated Total Net Leverage Ratio test, Consolidated Total Gross Leverage Ratio test, Consolidated
Interest Coverage Ratio test or Consolidated Fixed Charge Coverage Ratio test, as applicable) (any such amounts, the “Fixed
Amounts”) substantially concurrently with any amounts incurred or transactions entered into (or consummated) in reliance
on a provision of this Agreement that requires compliance with a financial ratio or financial test (including any Consolidated
First Lien Net Leverage Ratio test, Consolidated Secured Net Leverage Ratio test, Consolidated Total Net Leverage Ratio test,
Consolidated Total Gross Leverage Ratio test, Consolidated Interest Coverage Ratio test or Consolidated Fixed Charge Coverage
Ratio test, as applicable) (any such amounts, the “Incurrence-Based Amounts”), in concurrent transactions,
a single transaction or a series of related transactions, it is understood and agreed that (x) the incurrence of the Incurrence-Based
Amount shall be calculated first without giving effect to any Fixed Amount at the time of such concurrent incurrence but giving
full pro forma effect to the use of proceeds of such Fixed Amount and the related transactions and (y) the incurrence of
the Fixed Amount shall be calculated thereafter. Unless the Parent Borrower elects otherwise, the Borrowers shall be deemed to
have used amounts under an Incurrence-Based Amount then available to the Borrowers prior to utilization of any amount under a
Fixed Amount then available to the Group Members. For the avoidance of doubt, the provisions of this clause (f) shall apply to
any Incremental Facilities and any Incremental Equivalent Debt.

 

(g)       The
increase in any amount of any Indebtedness otherwise permitted pursuant to Section 7.2, or any increase in any amount secured
by any Lien otherwise permitted pursuant to Section 7.3, by virtue of the accrual of interest, the accretion of accreted value,
the payment of interest in the form of additional Indebtedness, amortization of original issue discount and/or any increase in
the amount of Indebtedness outstanding solely as a result of any fluctuation in the exchange rate of any applicable currency shall
be deemed to be permitted Indebtedness for purposes of ‎Section 7.2 and a Permitted Lien for purposes of ‎Section 7.3.

 

(h)       For
purposes of determining compliance with ‎Section 7.2 or ‎Section 7.3, if any Indebtedness or Lien is incurred in reliance
on a basket measured by reference to a percentage of Consolidated EBITDA, and any refinancing or replacement thereof otherwise
permitted hereunder would cause the percentage of Consolidated EBITDA to be exceeded if calculated based on the Consolidated EBITDA
on the date of such refinancing or replacement, such percentage of Consolidated EBITDA will be deemed not to be exceeded so long
as the principal amount of such refinancing or replacement Indebtedness or other obligation does not exceed an amount sufficient
to repay the principal amount of such Indebtedness

 

     44

     

    

or
other obligation being refinanced or replaced, except by an amount equal to the applicable Additional Permitted Amount.

 

(i)       For
purposes of determining the permissibility of any action, change, transaction or event that by the terms of the Loan Documents
requires a calculation of any financial ratio or financial test (including any Consolidated First Lien Net Leverage Ratio test,
Consolidated Secured Net Leverage Ratio test, Consolidated Total Net Leverage Ratio test, Consolidated Total Gross Leverage Ratio
test, Consolidated Interest Coverage Ratio test or Consolidated Fixed Charge Coverage Ratio test, as applicable), subject to Section
1.3 below, such financial ratio or test shall be calculated at the time such action is taken, such change is made, such transaction
is consummated or such event occurs, as the case may be, and no Default or Event of Default shall be deemed to have occurred solely
as a result of a change in such financial ratio or financial test occurring after the time such action is taken, such change is
made, such transaction is consummated or such event occurs, as the case may be.

 

1.3
Limited Condition Transactions. Notwithstanding anything to the contrary in this
Agreement, in the case of the incurrence of any Indebtedness (including any Incremental Term Facilities) or Liens or the making
of any Permitted Acquisitions or other Investments, Restricted Payments, prepayments of specified indebtedness or asset sales,
in each case, in connection with a Limited Condition Transaction, at the Parent Borrower’s option (the Parent Borrower’s
election to exercise such option in connection with any Limited Condition Transaction, an “LCT Election”),
the relevant ratios and baskets (including baskets measured as a percentage of Consolidated EBITDA) shall be determined, and any
Default or Event of Default blocker or bring-down of representations and warranties shall be tested, as of the date the definitive
acquisition agreements for such Limited Condition Transaction are entered into and calculated as if the acquisition and other
pro forma events in connection therewith were consummated on such date (the “LCT Test Date”), and if, after
giving pro forma effect to the Limited Condition Transaction and the other transactions to be entered into in connection
therewith as if they had occurred at the beginning of the most recent test period ending prior to the LCT Test Date, the Parent
Borrower could have taken such action on the relevant LCT Test Date in compliance with such representation, warranty, ratio, basket
or default provision, such representation, warranty, ratio, basket or default provision shall be deemed to have been complied
with; provided that if the Parent Borrower has made an LCT Election, in connection with the calculation of any ratio (other
than for purposes of calculating compliance with the financial covenants) or basket with respect to the compliance with this Agreement
of any other Permitted Acquisitions or other Investments, Restricted Payments, prepayments of specified indebtedness or asset
sales on or following the LCT Test Date and prior to the earlier of the date on which such Limited Condition Transaction is consummated
or the definitive agreement for such Limited Condition Transaction is terminated or expires without consummation of such Limited
Condition Transaction, any such basket or ratio (other than any basket measured as a percentage of Consolidated EBITDA) shall
be calculated on a Pro Forma Basis assuming such Limited Condition Transaction and other transactions in connection therewith
(including any Incurrence of debt and the use of proceeds thereof) have been consummated on the LCT Test Date. For the avoidance
of doubt, if the Parent Borrower has made an LCT Election and any of the ratios or baskets for which compliance was determined
or tested as of the LCT Test Date are exceeded as a result of fluctuations in any such ratio or basket (including due to fluctuations
of the target of any Limited Condition Transaction) at or prior to the consummation of the relevant transaction or action, such
baskets or ratios will not be deemed to have been exceeded as a result of such fluctuations.

 

1.4
Pro Forma Calculations. For purposes of determining compliance with the applicable
Consolidated First Lien Net Leverage Ratio test, Consolidated Secured Net Leverage Ratio test, Consolidated Total Net Leverage
Ratio test, Consolidated Total Gross Leverage Ratio test, Consolidated Interest Coverage Ratio test or Consolidated Fixed Charge
Coverage Ratio test for any Reference Period and/or the permissibility of any Applicable Transactions (and the incurrence or repayment
of any Indebtedness in connection therewith) that have been made (A) during the period in respect of which such 

 

     45

     

    

calculations
are required to be made or (B) other that with respect to any calculation of the financial covenants set forth in Section 7.1
and any calculation of the Consolidated First Lien Net Leverage Ratio for purposes of the Applicable Pricing Grid, subsequent
to such period and prior to or simultaneously with the event for which the calculation of any such ratio test is made on a pro
forma basis (solely with respect to determining pro forma compliance for such event) shall be calculated on a pro
forma basis assuming that all such Applicable Transactions (and any increase or decrease in Consolidated EBITDA and the component
financial definitions used in either of the foregoing attributable to any Applicable Transaction) had occurred on the first day
of the period in respect of which such calculations are required to be made. If since the beginning of any applicable period any
Person that subsequently became a Restricted Subsidiary or was merged, amalgamated or consolidated with or into the Parent Borrower
or any of its Restricted Subsidiaries since the beginning of such period shall have made any Applicable Transaction that would
have required adjustment pursuant to this Section 1.4, then the Consolidated First Lien Net Leverage Ratio, Consolidated Secured
Net Leverage Ratio, Consolidated Total Net Leverage Ratio, Consolidated Total Gross Leverage Ratio, Consolidated Interest Coverage
Ratio test or Consolidated Fixed Charge Coverage Ratio, as applicable, shall be calculated to give pro forma effect thereto
in accordance with this Section 1.4. Notwithstanding anything to the contrary herein, but subject to Sections 1.2(f) and (i) and
1.3, all financial ratios and tests (including any Consolidated First Lien Net Leverage Ratio test, Consolidated Secured Net Leverage
Ratio test, Consolidated Total Net Leverage Ratio test, Consolidated Total Gross Leverage Ratio test, Consolidated Interest Coverage
Ratio test or Consolidated Fixed Charge Coverage Ratio test, as applicable and determining the amount of Consolidated Net Income
and Consolidated EBITDA) contained in this Agreement that are calculated with respect to any Reference Period during which any
Applicable Transaction occurs shall be calculated with respect to such Reference Period and such Applicable Transaction on a pro
forma basis in accordance with this Section 1.4.

 

1.5
Timing of Payment or Performance. When payment of any obligation or the performance of any covenant, duty or obligation
is stated to be due or required on a day which is not a Business Day, the date of such payment (other than as described in the
definition of “Interest Period”) or performance shall extend to the immediately succeeding Business Day, and,
in the case of any payment accruing interest, interest thereon shall be payable for the period of such extension.

 

1.6
Rounding. Any financial ratios required to be maintained by the Parent Borrower pursuant to this Agreement shall be calculated
by dividing the appropriate component by the other component, carrying the result to one place more than the number of places
by which such ratio is expressed herein and rounding the result up or down to the nearest number (with a rounding-up if there
is no nearest number).

 

1.7
Cashless Rollovers. Notwithstanding anything to the contrary contained in this Agreement or in any other Loan Document,
to the extent that any Lender extends the maturity date of, or replaces, renews or refinances, any of its then-existing Loans
pursuant to an Incremental Facility, or with Replacement Loans or loans incurred under a new credit facility hereunder, in each
case, to the extent such extension, replacement, renewal or refinancing is effected by means of a “cashless roll”
by such Lender, such extension, replacement, renewal or refinancing shall be deemed to comply with any requirement hereunder or
any other Loan Document that such payment be made “in Dollars”, “in immediately available funds”, “in
cash” or any other similar requirement.

 

1.8
Appointment of Borrower Representative. Each Subsidiary Borrower hereby irrevocably appoints the Parent Borrower as its
representative and agent on its behalf for the purposes of giving and receiving all notices and consents hereunder or under any
of the other Loan Documents and taking all other actions (other than any such actions otherwise designated to the Borrowers as
set forth in this Agreement) (including in respect of compliance with covenants) on behalf of any Subsidiary Borrower or Subsidiary
Borrowers under the Loan Documents. The Parent Borrower hereby accepts such 

 

     46

     

    

appointment.
The Administrative Agent and each Lender may regard any notice or other communication pursuant to any Loan Document from the Parent
Borrower as a notice or communication from all Borrowers, and may give any notice or communication required or permitted to be
given to any Borrower or all Borrowers hereunder to the Parent Borrower on behalf of such Borrower or all Borrowers. Each Subsidiary
Borrower agrees that each notice, election, representation and warranty, covenant, agreement and undertaking made on its behalf
by the Parent Borrower will be deemed for all purposes to have been made by such Subsidiary Borrower and shall be binding upon
and enforceable against such Subsidiary Borrower to the same extent as if the same had been made directly by such Subsidiary Borrower.

 

SECTION
2.AMOUNT AND TERMS OF COMMITMENTS

 

2.1
Term Commitments. Subject to the terms and conditions hereof, each Term B Lender severally agrees to make a term loan (a
“Term B Loan”) to the Parent Borrower on the Closing Date in an amount not to exceed the amount of the Term
B Commitment of such Lender. The Term Loans may from time to time be Eurodollar Loans or ABR Loans, as determined by the Parent
Borrower and notified to the Administrative Agent in accordance with Sections 2.2 and 2.12. The Parent Borrower may make only
one borrowing under the Term B Commitments, which shall be on the Closing Date. Any amount borrowed under this Section 2.1 and
subsequently repaid or prepaid may not be reborrowed. 

 

2.2
Procedure for Term Loan Borrowing. The Parent Borrower shall give the Administrative
Agent irrevocable notice (which notice must be received by the Administrative Agent prior to 10:00 A.M., New York City time, at
least one Business Day prior to the anticipated Closing Date) requesting that the Term B Lenders make the Term B Loans on the
Closing Date and specifying the amount to be borrowed. Upon receipt of such notice the Administrative Agent shall promptly notify
each Term B Lender thereof. Not later than 12:00 Noon, New York City time, on the Closing Date each Term B Lender shall make available
to the Administrative Agent at the Funding Office an amount in immediately available funds equal to the Term B Loan to be made
by such Lender. The Administrative Agent shall credit the account of the Parent Borrower on the books of such office of the Administrative
Agent with the aggregate of the amounts made available to the Administrative Agent by the Term B Lenders in immediately available
funds.

 

2.3
Repayment of Term Loans. (a) The Parent Borrower shall repay the Term B Loans on the last day of each March, June, September
and December, beginning with December 31, 2018 and ending with the last such day to occur prior to the Term B Maturity Date, in
an aggregate principal amount for each such date (as such amount shall be adjusted pursuant to Section 2.17(b) hereof) equal to
the aggregate principal amount of the Term B Loans outstanding on the Closing Date multiplied by 0.250.625%.

 

(b)       The
Incremental Term Loans of each Incremental Term Lender shall mature in consecutive installments (which shall be no more frequent
than quarterly) as specified in the Incremental Facility Activation Notice pursuant to which such Incremental Term Loans were
made (as such amount shall be adjusted pursuant to Section 2.17(b)).

 

(c)       To
the extent not previously paid (i) all Term B Loans shall be paid on the Term B Maturity Date and (ii) all Incremental Term Loans
shall be paid on the Incremental Term Loan Maturity Date applicable thereto.

 

2.4
Revolving Commitments. (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving
credit loans (“Revolving Loans”) to the applicable Borrower from time to time during the Revolving Commitment Period
in an aggregate principal amount at any one time outstanding which, when added (after giving effect to any application of proceeds
of such 

 

     47

     

    

Revolving
Loans pursuant to Section 2.6) to the sum of (i) such Lender’s Revolving Percentage of the L/C Obligations then outstanding
and (ii) such Lender’s Swingline Exposure then outstanding, does not exceed the amount of such Lender’s Revolving
Commitment. During the Revolving Commitment Period the Borrowers may use the Revolving Commitments by borrowing, prepaying the
Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans
may from time to time be Eurodollar Loans or ABR Loans, as determined by the applicable Borrower and notified to the Administrative
Agent in accordance with Sections 2.5 and 2.12.

 

(b)       The
applicable Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date.

 

2.5
Procedure for Revolving Loan Borrowing. The Borrowers may borrow under the Revolving Commitments during the Revolving Commitment
Period on any Business Day; provided that the applicable Borrower shall give the Administrative Agent irrevocable notice
(which notice must be received by the Administrative Agent prior to 11:00 A.M., New York City time, (a) three Business Days prior
to the requested Borrowing Date, in the case of Eurodollar Loans, or (b) one Business Day prior to the requested Borrowing Date,
in the case of ABR Loans) (provided that any such notice of a borrowing of ABR Loans under the Revolving Facility to finance payments
required by Section 3.5 may be given not later than 10:00 A.M., New York City time, on the date of the proposed borrowing), specifying
(i) the amount and Type of Revolving Loans to be borrowed, (ii) the requested Borrowing Date and (iii) in the case of Eurodollar
Loans, the respective amounts of each such Type of Loan and the respective lengths of the initial Interest Period therefor. Notwithstanding
the foregoing, the Parent Borrower may request Revolving Loans to be made on the Closing Date pursuant to irrevocable written
notice to the Administrative Agent prior to 11:00 A.M., New York City time (or such later time as may be agreed by the Administrative
Agent in its sole discretion) at least one (1) Business Day prior to the Closing Date, which such Revolving Loans shall initially
be Loans of any Type; provided that, unless otherwise agreed by the Administrative Agent in its sole discretion, no Revolving
Loan may be made as, converted into or continued as a Eurodollar Loan having an Interest Period in excess of one month prior to
the date that is 60 days after the Closing Date. Each borrowing under the Revolving Commitments shall be in an amount equal to
(x) in the case of ABR Loans, $1,000,000 or a whole multiple thereof (or, if the then aggregate Available Revolving Commitments
are less than $1,000,000, such lesser amount) and (y) in the case of Eurodollar Loans, $2,000,000 or a whole multiple of $500,000
in excess thereof; provided, that any Swingline Lender may request, on behalf of the applicable Borrower, borrowings under
the Revolving Commitments that are ABR Loans in other amounts pursuant to Section 2.7. Upon receipt of any such notice from a
Borrower, the Administrative Agent shall promptly notify each Revolving Lender thereof. Each Revolving Lender will make the amount
of its pro rata share of each borrowing available to the Administrative Agent for the account of the applicable Borrower at the
Funding Office prior to 12:00 Noon, New York City time, on the Borrowing Date requested by the applicable Borrower in funds immediately
available to the Administrative Agent. Such borrowing will then be made available to the applicable Borrower by the Administrative
Agent crediting the account of the applicable Borrower specified in the notice of borrowing or other written instruction from
the applicable Borrower to the Administrative Agent with the aggregate of the amounts made available to the Administrative Agent
by the Revolving Lenders and in like funds as received by the Administrative Agent.

 

2.6
Swingline Commitment. (a) Subject to the terms and conditions hereof, from time to time during the Revolving Commitment
Period, each Swingline Lender severally agrees to make a portion of the credit otherwise available to the Borrowers under the
Revolving Commitments by making swing line loans (“Swingline Loans”) to the Borrowers; provided that
(i) the sum of (x) the Swingline Exposure of such Swingline Lender (in its capacity as a Swingline Lender and a Revolving Lender),
(y) the aggregate principal amount of outstanding Revolving Loans made by such Swingline Lender (in its capacity as a Revolving
Lender) and (z) the L/C Exposure of such Swingline Lender (in its capacity as a Revolving 

 

     48

     

    

Lender)
shall not exceed its Revolving Commitment then in effect, (ii) the sum of all outstanding Swingline Loans shall not exceed the
aggregate Swingline Commitment, (iii) the sum of the outstanding Swingline Loans made by such Swingline Lender shall not exceed
the Swingline Commitment of such Swingline Lender and (iv) no Borrower shall request, and no Swingline Lender shall make, any
Swingline Loan if, after giving effect to the making of such Swingline Loan, the aggregate amount of the Available Revolving Commitments
would be less than zero. During the Revolving Commitment Period, the Borrowers may use the Swingline Commitment by borrowing,
repaying and reborrowing, all in accordance with the terms and conditions hereof. Swingline Loans shall be ABR Loans only.

 

(b)       The
applicable Borrower shall repay to the Swingline Lenders the then unpaid principal amount of each Swingline Loan made to such
Borrower on the earlier of the Revolving Termination Date and five Business Days after such Swingline Loan is made; provided
that on each date that a Revolving Loan is borrowed, the applicable Borrower shall repay all Swingline Loans made to it then
outstanding and the proceeds of any such Revolving Loans shall be applied by the Administrative Agent to repay any Swingline Loans
made to such Borrower that are outstanding.

 

2.7
Procedure for Swingline Borrowing; Refunding of Swingline Loans. (a) Whenever a Borrower desires that the Swingline Lenders
make Swingline Loans it shall give the Swingline Lenders irrevocable notice in writing (which must be received by the Swingline
Lenders not later than 1:00 P.M., New York City time, on the proposed Borrowing Date), specifying (i) the amount to be borrowed
and (ii) the requested Borrowing Date (which shall be a Business Day during the Revolving Commitment Period). Each borrowing under
the Swingline Commitment shall be in an amount equal to $250,000 or a whole multiple of $100,000 in excess thereof. Not later
than 3:00 P.M., New York City time, on the Borrowing Date specified in a notice in respect of Swingline Loans, each Swingline
Lender shall make available to the Administrative Agent at the Funding Office an amount in immediately available funds equal to
the amount of its ratable portion of the Swingline Loan to be made by such Swingline Lender (such ratable portion to be calculated
based upon such Swingline Lender’s Revolving Commitment (in its capacity as a Revolving Lender) to the total Revolving Commitments
of all of the Swingline Lenders (in their respective capacities as Revolving Lenders)). The Administrative Agent shall make the
proceeds of such Swingline Loans available to the applicable Borrower on such Borrowing Date by depositing such proceeds in the
account of the applicable Borrower with the Administrative Agent on such Borrowing Date in immediately available funds.

 

(b)       Independent
Swingline Lender Obligations. The failure of any Swingline Lender to make its ratable portion of a Swingline Loan shall not
relieve any other Swingline Lender of its obligation hereunder to make its ratable portion of such Swingline Loan on the date
of such Swingline Loan, but no Swingline Lender shall be responsible for the failure of any other Swingline Lender to make the
ratable portion of a Swingline Loan to be made by such other Swingline Lender on the date of any Swingline Loan.

 

(c)       Any
Swingline Lender, at any time and from time to time in its sole and absolute discretion may, on behalf of the applicable Borrower
(which hereby irrevocably directs the Swingline Lenders to act on its behalf), on one Business Day’s notice given by such
Swingline Lender no later than 12:00 Noon, New York City time, request each Revolving Lender to make, and each Revolving Lender
hereby agrees to make, a Revolving Loan, in an amount equal to such Revolving Lender’s Revolving Percentage of the aggregate
amount of the Swingline Loans (the “Refunded Swingline Loans”) outstanding on the date of such notice, to repay
the Swingline Lenders. Each Revolving Lender shall make the amount of such Revolving Loan available to the Administrative Agent
at the Funding Office in immediately available funds, not later than 10:00 A.M., New York City time, one Business Day after the
date of such notice. The proceeds of such Revolving Loans shall be immediately made available by the Administrative Agent to the
Swingline Lenders for application by the Swingline Lenders to the repayment

 

     49

     

    

of
the Refunded Swingline Loans. Each Borrower irrevocably authorizes the Swingline Lenders to charge such Borrower’s accounts
with the Administrative Agent (up to the amount available in each such account) in order to immediately pay the amount of such
Refunded Swingline Loans to the extent amounts received from the Revolving Lenders are not sufficient to repay in full such Refunded
Swingline Loans.

 

(d)       If
prior to the time a Revolving Loan would have otherwise been made pursuant to Section 2.7(c), one of the events described in Section
8(f) shall have occurred and be continuing with respect to any Borrower or if for any other reason, as determined by any Swingline
Lender in its sole discretion, Revolving Loans may not be made as contemplated by Section 2.7(c), each Revolving Lender shall,
on the date such Revolving Loan was to have been made pursuant to the notice referred to in Section 2.7(c), purchase for cash
an undivided participating interest in the then outstanding Swingline Loans by paying to each Swingline Lender an amount (the
“Swingline Participation Amount”) equal to (i) such Revolving Lender’s Revolving Percentage times
(ii) the sum of the aggregate principal amount of Swingline Loans of such Swingline Lender then outstanding that were to have
been repaid with such Revolving Loans.

 

(e)       Whenever,
at any time after any Swingline Lender has received from any Revolving Lender such Lender’s Swingline Participation Amount,
such Swingline Lender receives any payment on account of the Swingline Loans, such Swingline Lender will distribute to such Lender
its ratable portion of such payment (appropriately adjusted, in the case of interest payments, to reflect the period of time during
which such Lender’s participating interest was outstanding and funded and, in the case of principal and interest payments,
to reflect such Lender’s pro rata portion of such payment if such payment is not sufficient to pay the principal of and
interest on all Swingline Loans then due); provided, however, that in the event that such payment received by such Swingline
Lender is required to be returned, such Revolving Lender will return to such Swingline Lender any portion thereof previously distributed
to it by such Swingline Lender.

 

(f)       Each
Revolving Lender’s obligation to make the Loans referred to in Section 2.7(c) and to purchase participating interests pursuant
to Section 2.7(d) shall be absolute and unconditional and shall not be affected by any circumstance, including (i) any setoff,
counterclaim, recoupment, defense or other right that such Revolving Lender or any Borrower may have against any Swingline Lender,
any Borrower or any other Person for any reason whatsoever, (ii) the occurrence or continuance of a Default or an Event of Default
or the failure to satisfy any of the other conditions specified in Section 5, (iii) any adverse change in the condition (financial
or otherwise) of any Borrower, (iv) any breach of this Agreement or any other Loan Document by any Borrower, any other Loan Party
or any other Revolving Lender or (v) any other circumstance, happening or event whatsoever, whether or not similar to any of the
foregoing.

 

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

 

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

 

2.9
Termination or Reduction of Revolving Commitments. The Borrowers shall have the right, upon not less than three Business
Days’ notice to the Administrative Agent, to terminate the 

 

     50

     

    

Revolving
Commitments or, from time to time, to reduce the amount of the Revolving Commitments; provided that no such termination or reduction
of Revolving Commitments shall be permitted if, after giving effect thereto and to any prepayments of the Revolving Loans and
Swingline Loans made on the effective date thereof, the Total Revolving Extensions of Credit would exceed the Total Revolving
Commitments. Any such reduction shall be in an amount equal to $1,000,000, or a whole multiple thereof, and shall reduce permanently
the Revolving Commitments then in effect.

 

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

 

(b)       All
(i) prepayments of Term B Loans pursuant to Section 2.10(a) or Section 2.11(a) effected on or prior to the six-monthtwelve-month
anniversary of the Closing Date with the proceeds of a Repricing Transaction and (ii) amendments, amendments and restatements
or other modifications of this Agreement on or prior to the six-monthtwelve-month anniversary
of the Closing Date constituting Repricing Transactions shall, in each case, be accompanied by a fee payable to the Term B
Lenders in an amount equal to 1.00% of the aggregate principal amount of the Term B Loans so prepaid, in the case of a
transaction described in clause (i) of this paragraph, or 1.00% of the aggregate principal amount of Term B Loans affected by
such amendment, amendment and restatement or other modification (including any such Loans assigned in connection with the
replacement of a Term B Lender not consenting thereto), in the case of a transaction described in clause (ii) of this
paragraph. Such fee shall be paid by the Parent Borrower to the Administrative Agent, for the account of the Lenders in
respect of the Term B Loans, on the date of such prepayment.

 

2.11
Mandatory Prepayments and Commitment Reductions. (a) If any Indebtedness shall be incurred by any Group Member (excluding
any Indebtedness permitted in accordance with Section 7.2 (other than any Permitted Refinancing Indebtedness in respect of the
Facilities)), an amount equal to 100% of the Net Cash Proceeds thereof shall be applied on the date of such incurrence toward
the prepayment of the Term Loans as set forth in Section 2.11(d); provided that prepayments pursuant to this Section 2.11(a)
shall be accompanied by any fees payable with respect thereto pursuant to Section 2.10(b).

 

(b)       If
on any date any Group Member shall receive Net Cash Proceeds from any Asset Sale or Recovery Event then, unless a
Reinvestment Notice shall be delivered in respect thereof the Applicable Prepayment
Percentage100% of such Net Cash
Proceeds shall be applied within five Business Days after such date toward the prepayment of the Term B Loans as set forth in
Section 2.11(d); provided, that, notwithstanding the foregoing, on each Reinvestment Prepayment Date, an amount equal
to the Reinvestment Prepayment Amount with respect to the relevant Reinvestment Event shall be applied toward the
prepayment of the Term B Loans as set forth in Section 2.11(d).

 

     51

     

    

(c)       If,
for any fiscal year of the Parent Borrower commencing with the first full fiscal year after the Closing Date, there shall be Excess
Cash Flow, the Parent Borrower shall, on the relevant Excess Cash Flow Application Date, apply toward the prepayment of the Term
B Loans as set forth in Section 2.11(d) the excess of (x) the ECF Percentage of such Excess Cash Flow over (y) the sum of (I)
the aggregate principal amount of any (x) Term Loans and Revolving Loans (including under any Incremental Facilities) prepaid
pursuant to Section 2.10, plus (II) the aggregate principal amount of any Incremental Equivalent Debt, Replacement Loans
and/or any other Indebtedness permitted to be incurred pursuant to Sections 7.2 and 7.3 in each case to the extent secured by
Liens on the Collateral that are pari passu with the Liens on the Collateral securing the Term B Loans, voluntarily prepaid,
repurchased, redeemed or otherwise retired (or contractually committed to be prepaid, repurchased, redeemed or otherwise retired),
plus (III) the amount of any reduction in the outstanding amount of any Term Loans, Incremental Equivalent Debt, Replacement
Loan and/or any other Indebtedness permitted to be incurred pursuant to Sections 7.2 and 7.3 in each case to the extent secured
by Liens on the Collateral that are pari passu with the Liens on the Collateral securing the Term B Loans, resulting from
any purchase or assignment made in accordance with Sections 2.25 and 10.6(e) of this Agreement (including in connection with
any Dutch Auction) (with respect to Term Loans) and any equivalent provisions with respect to any such Incremental Equivalent
Debt, such Replacement Loans and/or such other Indebtedness, but only to the extent of the actual price paid in cash by the applicable
Borrower in connection with such purchase or assignment, in each case of clauses (I)-(III), (A) excluding any such
payments, prepayments and expenditures made during such fiscal year that reduced the amount required to be prepaid pursuant to
this Section 2.11(c) in the prior fiscal year, (B) in the case of any prepayment of revolving Indebtedness, only to the extent
accompanied by a permanent reduction in the relevant commitments and (C) to the extent that such payments, prepayments and expenditures
were not financed with the proceeds of other long-term funded Indebtedness (other than revolving Indebtedness) of the Parent Borrower
or its Restricted Subsidiaries; provided that, with respect to each fiscal year, a prepayment shall only be required under
this Section 2.11(c) if the applicable prepayment under this Section 2.11(c) for such fiscal year is greater than $5,000,000 (the
“ECF Threshold”); provided further that only amounts in excess of the ECF Threshold shall be required
to be applied to prepay Term Loans under this Section 2.11(c). Each such prepayment shall be made on a date (an “Excess
Cash Flow Application Date”) no later than five Business Days after the earlier of (i) the date on which the financial
statements of the Parent Borrower referred to in Section 6.1(a), for the fiscal year with respect to which such prepayment is
made, are required to be delivered to the Lenders and (ii) the date such financial statements are actually delivered.

 

(d)       Subject
to Section 2.11(g), amounts to be applied in connection with prepayments made pursuant to this Section 2.11 shall be applied to
the prepayment of the Term Loans in accordance with Section 2.17(b). The application of any prepayment pursuant to this Section
2.11 shall be made first, to ABR Loans and, second, to Eurodollar Loans. Each prepayment of the Loans under this
Section 2.11 shall be accompanied by accrued interest to the date of such prepayment on the amount prepaid.

 

(e)       With
respect to any prepayment pursuant to this Section 2.11 of Term B Loans and, unless otherwise specified in the applicable Incremental
Facility Activation Notice, other Term Loans, any Term Lender, at its option, may elect not to accept such prepayment. The Parent
Borrower shall notify the Administrative Agent of any event giving rise to a prepayment under this Section 2.11 at least three
Business Days prior to the date of such prepayment. Each such notice shall specify the date of such prepayment and provide a reasonably
detailed calculation of the amount of such prepayment that is required to be made under this Section 2.11. Any Lender may decline
to accept all (but not less than all) of its share of any such prepayment (the “Declined Amount”) by providing
written notice to the Administrative Agent no later than two Business Days after the date of such Lender’s receipt of notice
from the Administrative Agent regarding such prepayment. If the Lender does not give a notice to the Administrative Agent on or
prior to such second Business Day informing the Administrative Agent that it declines to accept the

 

     52

     

    

applicable
prepayment, then such Lender will be deemed to have accepted such prepayment. Such Lender’s Declined Amount may be retained
by the Parent Borrower.

 

(f)       Notwithstanding
any other provisions of this Section 2.11, to the extent any or all of the Net Cash Proceeds of any Asset Sale by a Foreign Subsidiary,
the Net Cash Proceeds of any Recovery Event received by a Foreign Subsidiary or Excess Cash Flow attributable to Foreign Subsidiaries,
are prohibited or delayed by any applicable local law (including financial assistance, corporate benefit restrictions on upstreaming
of cash intra group and the fiduciary and statutory duties of the directors of such Foreign Subsidiary) from being repatriated
or passed on to or used for the benefit of the Parent Borrower or any applicable Domestic Subsidiary or if the Parent Borrower
has determined in good faith that repatriation of any such amount to the Parent Borrower or any applicable Domestic Subsidiary
would have material adverse tax consequences (including a material acceleration of the point in time when such earnings would
otherwise be taxed) with respect to such amount, the portion of such Net Cash Proceeds or Excess Cash Flow so affected will not
be required to be applied to prepay the Term Loans at the times provided in this Section 2.11 but may be retained by the applicable
Foreign Subsidiary so long, but only so long, as the applicable local law will not permit repatriation or the passing on to or
otherwise using for the benefit of the Parent Borrower or the applicable Domestic Subsidiary, or the Parent Borrower believes
in good faith that such material adverse tax consequence would result, and once such repatriation of any of such affected Net
Cash Proceeds or Excess Cash Flow is permitted under the applicable local law or the Parent Borrower determines in good faith
such repatriation would no longer have such material adverse tax consequences, such repatriation will be promptly effected and
such repatriated Net Cash Proceeds or Excess Cash Flow will be promptly (and in any event not later than five Business Days after
such repatriation) applied (net of additional taxes payable or reasonably estimated to be payable as a result thereof) to the
prepayment of the Term Loans pursuant to this Section 2.11 (provided that no such prepayment of the Term Loans pursuant
to this Section 2.11 shall be required in the case of any such Net Cash Proceeds or Excess Cash Flow the repatriation of which
the Parent Borrower believes in good faith would result in material adverse tax consequences, if on or before the date on which
such Net Cash Proceeds so retained would otherwise have been required to be applied to reinvestments or prepayments pursuant to
a Reinvestment Notice (or such Excess Cash Flow would have been so required if it were Net Cash Proceeds), the Parent Borrower
applies an amount equal to the amount of such Net Cash Proceeds or Excess Cash Flow to such reinvestments or prepayments as if
such Net Cash Proceeds or Excess Cash Flow had been received by the Parent Borrower rather than such Foreign Subsidiary, less
the amount of additional taxes that would have been payable or reserved against if such Net Cash Proceeds or Excess Cash Flow
had been repatriated (or, if less, the Net Cash Proceeds or Excess Cash Flow that would be calculated if received by such Foreign
Subsidiary).

 

(g)       Additional
Pari Passu Indebtedness may share in any mandatory prepayment under this Section 2.11 (other than any mandatory prepayment under
Section 2.11(a) with respect to Permitted Refinancing Indebtedness in respect of the Facilities) on a ratable basis (but, for
the avoidance of doubt, not on a greater than pro rata basis) to the extent such prepayment is required under the terms of such
Additional Pari Passu Indebtedness and such prepayment shall reduce, without duplication, the amount of any prepayment of Term
Loans otherwise required under this Section 2.11.

 

(h)       If
for any reason (other than currency fluctuations) the aggregate Revolving Extensions of Credit of all Lenders under the Revolving
Facility at any time exceeds the aggregate Revolving Commitments under the Revolving Facility, promptly following written notice
from the Administrative Agent to the Parent Borrower, the applicable Borrower shall prepay or cause to be promptly prepaid the
Revolving Loans or Swingline Loans or cash collateralize the outstanding Letters of Credit in an aggregate amount equal to such
excess.

 

     53

     

    

(i)       On
the last Business Day of each fiscal quarter, or at such other time as is reasonably determined by the Administrative Agent, the
Administrative Agent shall determine the Dollar Equivalent of the aggregate outstanding Revolving Extensions of Credit. If, at
the time of such determination, the aggregate outstanding Revolving Extensions of Credit exceed the Revolving Commitments then
in effect by 5% or more, then within five Business Days of written notice to the Parent Borrower, the applicable Borrower shall
prepay Revolving Loans or Swingline Loans or cash collateralize the outstanding Letters of Credit in an aggregate principal amount
at least equal to such excess; provided that the failure of the Administrative Agent to determine the Dollar Equivalent
of the aggregate outstanding Revolving Extensions of Credit as provided in this Section 2.11(i) shall not subject the Administrative
Agent to any liability hereunder.

 

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

 

(b)       Any
Eurodollar Loan may be continued as such upon the expiration of the then current Interest Period with respect thereto by the applicable
Borrower giving irrevocable notice to the Administrative Agent, in accordance with the applicable provisions of the term “Interest
Period” set forth in Section 1.1, of the length of the next Interest Period to be applicable to such Loans, provided
that no Eurodollar Loan under a particular Facility may be continued as such (i) when any Event of Default has occurred and
is continuing and the Administrative Agent has or the Majority Facility Lenders in respect of such Facility have determined in
its or their sole discretion not to permit such continuations or (ii) if an Event of Default specified in clause (i) or (ii) of
Section 8(f) with respect to any Borrower is in existence, and provided, further, that if the applicable Borrower
shall fail to give any required notice as described above in this paragraph or if such continuation is not permitted pursuant
to the preceding proviso such Loans shall be automatically converted to ABR Loans on the last day of such then expiring Interest
Period. Upon receipt of any such notice the Administrative Agent shall promptly notify each relevant Lender thereof.

 

2.13
Limitations on Eurodollar Tranches. Notwithstanding anything to the contrary in this Agreement, all borrowings, conversions
and continuations of Eurodollar Loans and all selections of Interest Periods shall be in such amounts and be made pursuant to
such elections so that, (a) after giving effect thereto, the aggregate principal amount of the Eurodollar Loans comprising each
Eurodollar Tranche shall be equal to $5,000,000 or a whole multiple of $1,000,000 in excess thereof and (b) no more than 10 Eurodollar
Tranches shall be outstanding at any one time.

 

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

 

     54

     

    

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

 

(c)       (i)
If all or a portion of the principal amount of any Loan or Reimbursement Obligation shall not be paid when due (whether at the
stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to (x) in the
case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus
2% or (y) in the case of Reimbursement Obligations, the rate applicable to ABR Loans under the Revolving Facility plus
2%, and (ii) if all or a portion of any interest payable on any Loan or Reimbursement Obligation or any commitment fee or
other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such
overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans under the relevant Facility
plus 2% (or, in the case of any such other amounts that do not relate to a particular Facility, the rate then applicable
to ABR Loans under the Revolving Facility plus 2%), in each case, with respect to clauses (i) and (ii) above, from the
date of such non-payment until such amount is paid in full (as well after as before judgment).

 

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

 

2.15
Computation of Interest and Fees. (a) Interest and fees payable pursuant hereto shall be calculated on the basis of a 360-day
year for the actual days elapsed, except that, with respect to ABR Loans the rate of interest on which is calculated on the basis
of the Prime Rate, the interest thereon shall be calculated on the basis of a 365- (or 366-, as the case may be) day year for
the actual days elapsed (including the first day, but excluding the last day; provided that if a Loan is repaid on the
same day on which it is made, one day’s interest shall be paid on such Loan). The Administrative Agent shall as soon as
practicable notify the Parent Borrower and the relevant Lenders of each determination of a Eurodollar Rate. Any change in the
interest rate on a Loan resulting from a change in the ABR or the Eurocurrency Reserve Requirements shall become effective as
of the opening of business on the day on which such change becomes effective. The Administrative Agent shall as soon as practicable
notify the Parent Borrower and the relevant Lenders of the effective date and the amount of each such change in interest rate.

 

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

 

2.16
Inability to Determine Interest Rate. (a) If prior to the first day of any Interest Period:

 

(i)       the
Administrative Agent shall have determined (which determination shall be conclusive and binding absent manifest error) that adequate
and reasonable means do not exist for ascertaining the Eurodollar Base Rate or the Eurodollar Rate, as applicable (including because
the Screen Rate is not available or published on a current basis), for a Loan for such Interest Period, or

 

(ii)       the
Administrative Agent shall have received notice from the Majority Facility Lenders in respect of the relevant Facility that the
Eurodollar Base Rate or the Eurodollar Rate, as applicable, for a Loan for such Interest Period will not adequately and fairly
reflect the

 

     55

     

    

cost
to such Lenders (as conclusively certified by such Lenders) of making or maintaining their affected Loans during such Interest
Period,

 

the
Administrative Agent shall give facsimile or e-mail notice thereof to the Parent Borrower and the relevant Lenders as soon as
practicable thereafter. If such notice is given (x) any Eurodollar Loans under the relevant Facility requested to be made on the
first day of such Interest Period shall be made as ABR Loans, (y) any Loans under the relevant Facility that were to have been
converted on the first day of such Interest Period to Eurodollar Loans shall be continued as ABR Loans and (z) any outstanding
Eurodollar Loans under the relevant Facility shall be converted, on the last day of the then-current Interest Period, to ABR Loans.
Until such notice has been withdrawn by the Administrative Agent (which notification shall be made promptly after the Administrative
Agent obtains knowledge of the cessation of the circumstances referenced in clause (i) or receives notice from the Majority Facility
Lenders in respect of the relevant Facility of the cessation of the circumstances referenced in clause (ii) above), no further
Eurodollar Loans under the relevant Facility shall be made or continued as such, nor shall any Borrower have the right to convert
Loans under the relevant Facility to Eurodollar Loans.

 

(b)       If
at any time the Administrative Agent determines (which determination shall be conclusive absent manifest error) that (i) the circumstances
set forth in clause (a)(i) have arisen and such circumstances are unlikely to be temporary or (ii) the circumstances set forth
in clause (a)(i) have not arisen but the supervisor for the administrator of the Screen Rate or a Governmental Authority having
jurisdiction over the Administrative Agent has made a public statement identifying a specific date after which the Screen Rate
shall no longer be used for determining interest rates for loans, then the Administrative Agent and the Parent Borrower shall
endeavor to establish an alternate rate of interest to the Eurodollar Rate and Eurodollar Base Rate that gives due consideration
to the then prevailing market convention for determining a rate of interest for syndicated loans in the United States at such
time, and shall enter into an amendment to this Agreement to reflect such alternate rate of interest and such other related changes
to this Agreement as may be applicable; provided that, if such alternate rate of interest shall be less than zero, such rate shall
be deemed to be zero for the purposes of this Agreement. Notwithstanding anything to the contrary in Section 10.1, such amendment
shall become effective without any further action or consent of any other party to this Agreement so long as the Administrative
Agent shall not have received, within five Business Days of the date notice of such alternate rate of interest is provided to
the Lenders, a written notice from the Majority Facility Lenders in respect of each Facility stating that such Majority Facility
Lenders object to such amendment. Until an alternate rate of interest shall be determined in accordance with this clause (b) (but,
in the case of the circumstances described in clause (ii) of the first sentence of this Section 2.16(b), only to the extent the
Screen Rate for such Interest Period is not available or published at such time on a current basis), (x) any Eurodollar Loans
requested to be made shall be made as ABR Loans, (y) any Loans that were to have been converted to Eurodollar Loans shall be continued
as ABR Loans and (z) any outstanding Eurodollar Loans shall be converted, on the last day of the then-current Interest Period,
to ABR Loans.

 

2.17
Pro Rata Treatment and Payments. (a) Each borrowing by a Borrower from the Lenders hereunder, each payment by a Borrower
on account of any commitment fee and any reduction of the Commitments of the Lenders shall be made pro rata according to
the Term B Percentages or Revolving Percentages, as the case may be, of the relevant Lenders under the applicable Facility. 

 

(b)       With
respect to any Facility, each payment by a Borrower on account of principal of and interest on the Term Loans of such Facility
shall be made pro rata according to the respective outstanding principal amounts of the Term Loans of such Facility then held
by the Term Lenders (except as otherwise provided in Section 2.11(e)). The amount of each principal prepayment of the Term Loans
pursuant to Section 2.11 shall be applied to reduce the Term B Loans and Incremental Term Loans on a pro rata basis based upon
the respective then remaining principal amounts thereof (unless any

 

     56

     

    

Incremental
Term Lenders have agreed to less than pro rata prepayments) and shall be applied within each Facility to the then remaining installments
thereof as directed by the applicable Borrower (or if not so directed, to the then remaining installments thereof in direct order
of maturity). Amounts repaid (including amounts pursuant to Section 2.11) and prepaid on account of the Term Loans may not be
reborrowed.

 

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

 

(d)       All
payments (including prepayments) to be made by any Borrower hereunder, whether on account of principal, interest, fees or otherwise,
shall be made without setoff or counterclaim and shall be made prior to 2:00 P.M., New York City time, on the due date thereof
to the Administrative Agent, for the account of the Lenders, at the Funding Office, in Dollars and in immediately available funds.
The Administrative Agent shall distribute such payments to each relevant Lender promptly upon receipt in like funds as received,
net of any amounts owing by such Lender pursuant to Section 9.7. If any payment hereunder (other than payments on the Eurodollar
Loans) becomes due and payable on a day other than a Business Day, such payment shall be extended to the next succeeding Business
Day. If any payment on a Eurodollar Loan becomes due and payable on a day other than a Business Day, the maturity thereof shall
be extended to the next succeeding Business Day unless the result of such extension would be to extend such payment into another
calendar month, in which event such payment shall be made on the immediately preceding Business Day. In the case of any extension
of any payment of principal pursuant to the preceding two sentences, interest thereon shall be payable at the then applicable
rate during such extension.

 

(e)       Unless
the Administrative Agent shall have been notified in writing by any Lender prior to a borrowing that such Lender will not make
the amount that would constitute its share of such borrowing available to the Administrative Agent, the Administrative Agent may
assume that such Lender is making such amount available to the Administrative Agent, and the Administrative Agent may, in reliance
upon such assumption, make available to the applicable Borrower a corresponding amount. If such amount is not made available to
the Administrative Agent by the required time on the Borrowing Date therefor, such Lender shall pay to the Administrative Agent,
on demand, such amount with interest thereon, at a rate equal to the greater of (i) the Federal Funds Effective Rate and (ii)
a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation, for the period
until such Lender makes such amount immediately available to the Administrative Agent. A certificate of the Administrative Agent
submitted to any Lender with respect to any amounts owing under this paragraph shall be conclusive in the absence of manifest
error. If such Lender’s share of such borrowing is not made available to the Administrative Agent by such Lender within
three Business Days after such Borrowing Date, the Administrative Agent shall also be entitled to recover such amount with interest
thereon at the rate per annum applicable to ABR Loans under the relevant Facility, on demand, from the applicable Borrower.

 

(f)       Unless
the Administrative Agent shall have been notified in writing by the applicable Borrower prior to the date of any payment due to
be made by the applicable Borrower hereunder that the applicable Borrower will not make such payment to the Administrative Agent,
the Administrative Agent may assume that the applicable Borrower is making such payment, and the Administrative Agent may, but
shall not be required to, in reliance upon such assumption, make available to the Lenders their respective pro rata shares
of a corresponding amount. If such payment is not made to the Administrative Agent by the applicable Borrower within three Business
Days after such due date, the Administrative Agent shall be entitled to recover, on demand, from each Lender to which any amount
which was made available pursuant to the preceding sentence, such amount with interest thereon at the rate per annum equal to
the

 

     57

     

    

daily
average Federal Funds Effective Rate. Nothing herein shall be deemed to limit the rights of the Administrative Agent or any Lender
against any Borrower.

 

(g)       If
any Lender shall fail to make any payment required to be made by it pursuant to Section 2.7(c), 2.7(d), 2.17(e), 2.17(f), 2.19(e),
3.4(a) or 9.7, then the Administrative Agent may, in its discretion and notwithstanding any contrary provision hereof, (i) apply
any amounts thereafter received by the Administrative Agent for the account of such Lender for the benefit of the Administrative
Agent, the Swingline Lenders or the Issuing Lender to satisfy such Lender’s obligations to it under such Sections until
all such unsatisfied obligations are fully paid, and/or (ii) hold any such amounts in a segregated account as cash collateral
for, and application to, any future funding obligations of such Lender under any such Section, in the case of each of clauses
(i) and (ii) above, in any order as determined by the Administrative Agent in its discretion.

 

2.18
Requirements of Law. (a) If the adoption of or any change in any Requirement of Law or in the interpretation, administration,
implementation or application thereof or compliance by any Lender or other Credit Party with any request or directive (whether
or not having the force of law) from any central bank or other Governmental Authority, in each case made or occurring subsequent
to the Closing Date:

 

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

 

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

 

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

 

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

 

(b)       If
any Lender shall have determined that the adoption of or any change in any Requirement of Law regarding capital or liquidity requirements
or in the interpretation, administration, implementation or application thereof or compliance by such Lender or any corporation
controlling such Lender with any request or directive regarding capital or liquidity requirements (whether or not having the force
of law) from any Governmental Authority made subsequent to the Closing Date shall have the effect of reducing the rate of return
on such Lender’s or such corporation’s capital as a consequence of its obligations hereunder or under or in respect
of any Letter of Credit to a level below that which such Lender or such corporation could have achieved but for such adoption,
change or compliance (taking into consideration such Lender’s or such corporation’s policies with respect to capital
adequacy or liquidity) by

 

     58

     

    

an
amount deemed by such Lender to be material, then from time to time, after submission by such Lender to the applicable Borrower
(with a copy to the Administrative Agent) of a written request therefor, the applicable Borrower shall pay to such Lender such
additional amount or amounts as will compensate such Lender or such corporation for such reduction.

 

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

 

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

 

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

 

2.19
Taxes. 

 

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

 

(b)       The
Loan Parties shall timely pay to the relevant Governmental Authority in accordance with applicable law, or at the option of the
Administrative Agent timely reimburse it for, Other Taxes.

 

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

 

     59

     

    

payment,
a copy of the return reporting such payment or other evidence of such payment reasonably satisfactory to the Administrative Agent.

 

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

 

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

 

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

 

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

 

(A)       any
Lender that is a U.S. Person shall deliver to the applicable Borrower and the Administrative Agent on or prior to the date on
which such Lender becomes a Lender under this Agreement (and from time to time thereafter upon the reasonable request of the applicable
Borrower or the Administrative Agent), executed 

 

     60

     

    

originals
of IRS Form W-9 certifying that such Lender is exempt from U.S. Federal backup withholding tax;

 

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

 

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

 

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

 

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

 

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

 

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

 

     61

     

    

with
such supplementary documentation as may be prescribed by applicable law to permit the applicable Borrower or the Administrative
Agent to determine the withholding or deduction required to be made; and

 

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

 

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

 

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

 

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

 

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

 

2.20
Indemnity. The Borrowers jointly and severally agree to indemnify each Lender for, and to hold each Lender harmless from,
any loss or expense that such Lender sustains or incurs as a

 

     62

     

    

consequence
of (a) default by any Borrower in making a borrowing of, conversion into or continuation of Eurodollar Loans after such Borrower
has given a notice requesting the same in accordance with the provisions of this Agreement, (b) default by any Borrower in making
any prepayment of or conversion from Eurodollar Loans after such Borrower has given a notice thereof in accordance with the provisions
of this Agreement or (c) the making of a prepayment of Eurodollar Loans on a day that is not the last day of an Interest Period
with respect thereto. Such indemnification may include an amount equal to the excess, if any, of (i) the amount of interest that
would have accrued on the amount so prepaid, or not so borrowed, converted or continued, for the period from the date of such
prepayment or of such failure to borrow, convert or continue to the last day of such Interest Period (or, in the case of a failure
to borrow, convert or continue, the Interest Period that would have commenced on the date of such failure) in each case at the
applicable rate of interest for such Loans provided for herein (excluding, however, the Applicable Margin included therein, if
any) over (ii) the amount of interest (as reasonably determined by such Lender) that would have accrued to such Lender on such
amount by placing such amount on deposit for a comparable period with leading banks in the interbank eurodollar market. A certificate
as to any amounts payable pursuant to this Section submitted to the Parent Borrower by any Lender shall be conclusive in the absence
of manifest error. This covenant shall survive the termination of this Agreement and the payment of the Loans and all other amounts
payable hereunder for nine months.

 

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

 

2.22
Replacement of Lenders. The Parent Borrower shall be permitted to replace any Lender that (a) requests reimbursement for
amounts owing pursuant to Section 2.18 or 2.19(a), (b) becomes a Defaulting Lender, or (c) does not consent to any proposed amendment,
supplement, modification, consent or waiver of any provision of this Agreement or any other Loan Document that requires the consent
of each of the Lenders or each of the Lenders affected thereby (so long as the consent of the Required Lenders has been obtained),
with a replacement financial institution; provided that (i) such replacement does not conflict with any Requirement of
Law, (ii) no Event of Default shall have occurred and be continuing at the time of such replacement, (iii) prior to any such replacement,
such Lender shall have taken no action under Section 2.21 so as to eliminate the continued need for payment of amounts owing pursuant
to Section 2.18 or 2.19(a), (iv) the replacement financial institution shall purchase, at par, all Loans and other amounts owing
to such replaced Lender on or prior to the date of replacement, (v) the Borrowers shall be liable to such replaced Lender under
Section 2.20 if any Eurodollar Loan owing to such replaced Lender shall be purchased other than on the last day of the Interest
Period relating thereto, (vi) the replacement financial institution shall be reasonably satisfactory to the Administrative Agent,
(vii) the replaced Lender shall be obligated to make such replacement in accordance with the provisions of Section 10.6 (provided
that the Parent Borrower shall be obligated to pay the registration and processing fee referred to therein), (viii) until such
time as such replacement shall be consummated, the Borrowers shall pay all additional amounts (if any) required pursuant to Section
2.18 or 2.19(a), as the case may be, and (ix) any such replacement shall not be deemed to be a waiver of any rights that any Borrower,
the Administrative Agent or any other Lender shall have against the replaced Lender. Each party hereto agrees that an assignment
required
pursuant to this paragraph may be effected pursuant to an Assignment and Assumption executed

 

     63

     

    

by
the Parent Borrower, the Administrative Agent and the assignee, and that the Lender required to make such assignment need not
be a party thereto in order for such assignment to be effective.

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

     64

     

    

 

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

 

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

 

In
the event that the Administrative Agent, the Parent Borrower, the Swingline Lenders and the Issuing Lender each agrees that a
Defaulting Lender has adequately remedied all matters that caused such Lender to be a Defaulting Lender, then the Swingline Exposure
and L/C Exposure of the Lenders shall be readjusted to reflect the inclusion of such Lender’s Revolving Commitment and on
such date such Lender shall purchase at par such of the Loans of the other Lenders (other than Swingline Loans) as the Administrative
Agent shall determine may be necessary in order for such Lender to hold such Loans in accordance with its Revolving Percentage.

 

2.24
Incremental Facilities. (a) The Parent Borrower and any one or more Lenders (including New Lenders) may from time to time
agree that such Lenders shall make, obtain one or more additional tranches of term loans or increase the amount of their Term
Loans (which may be effected by increasing the amount of any then existing Facility of Term Loans) (any such Term Loans or additional
tranche of term loans each, an “Incremental Term Facility”) or increase the aggregate amount of the Revolving
Commitments (any such increase, an “Incremental Revolving Facility”, together with any Incremental Term Facilities,
the “Incremental Facilities”), as applicable, by executing and delivering to the Administrative Agent an Incremental
Facility Activation Notice specifying (i) the amount of such increase and the Facility or Facilitates involved, (ii) the applicable
Incremental Facility Closing Date (which shall be a date not less than ten (10) Business Days after the date on which such notice
is delivered to the Administrative Agent (or such earlier date as shall be agreed by the Administrative Agent)) and (iii) in the
case of Incremental Term Loans, (x) the applicable Incremental Term Loan Maturity Date, (y) the amortization schedule for such
Incremental Term Loans and (z) the Applicable Margin for such Incremental Term Loans; provided, that (i) the aggregate
amount of all Incremental Facilities established on any date shall not exceed the sum of (x) an amount equal to the Base Incremental
Amount on such date, plus (y) an additional amount equal to the Voluntary Prepayment Amount on such date plus (z)
an additional amount equal to the Maximum Incremental Ratio Amount as of such date (the sum of the amounts in clauses (x), (y)
and (z), the “Incremental Availability Amount”) (it being understood that (A) the applicable Borrower shall
be deemed to have utilized amounts under clauses (y) and/or (z) above prior to utilization of amounts under clause (x) above,
and if the applicable Borrower does not make an election, the applicable Borrower shall be deemed to have elected clause (z),
(B) the proceeds from any incurrence under such clauses may be
utilized in a single transaction by first calculating the incurrence under clauses (y) and/or (z) above and then calculating the
incurrence under clause (x) above (it being understood that any amounts incurred under clauses (x) and/or (y) above concurrently
with amounts incurred under clause (z) above will not count as

 

     65

     

    

Indebtedness
for the purposes of calculating the applicable ratio in clause (z) thereof at the time of such concurrent incurrence) and (C)
the Parent Borrower may reclassify utilizations among clauses (x), (y) and (z) above if, at the time of such reclassification,
the Parent Borrower would be permitted to incur the aggregate principal amount of Indebtedness being so reclassified), (ii) each
Incremental Facility shall be in a minimum aggregate principal amount of $10,000,000, (iii) the Loans in respect of any Incremental
Facility and all obligations in respect thereof shall be Obligations under this Agreement and the other Loan Documents that are
(A) guaranteed on a pari passu basis with all of the other Obligations under this Agreement and the other Loan Documents
and (B) secured by the Collateral (and no other property) and the Liens on the Collateral securing such Incremental Facility and
all other obligations in respect thereof shall be pari passu with the Liens on the Collateral securing all of the other
Obligations under this Agreement and the other Loan Documents, (iv) the Incremental Term Loans in respect of any Incremental Term
Facility will be entitled to prepayments on the same basis as the Term B Loans unless the applicable Incremental Facility Activation
Notice specifies a lesser treatment, (v) except in the case of a bridge loan the terms of which provide for an automatic extension
of the maturity date thereof to a date that would satisfy the following requirement in this clause (v), such Incremental Term
Loans shall have a final maturity no earlier than the Latest Maturity Date of the Term B Facility (determined immediately prior
to incurrence of such Incremental Term Loans), (vi) except in the case of a bridge loan the terms of which provide for an automatic
extension of the maturity date thereof to a date that would satisfy the following requirement in this clause (vi), the weighted
average life to maturity of such Incremental Term Facility shall be no shorter than that of any existing Term B Loans (except
if required in order to make such Incremental Term Loans fungible with any outstanding Term B Loans), (vii) the interest rates,
currency, discounts, premiums, rate floors, fees and (subject to clauses (v) and (vi) above) amortization schedule applicable
to such Incremental Term Facility shall be determined by the applicable Borrower and the Lenders providing such Incremental Term
Facility, provided that, in the event that the all-in-yield (whether in the form of interest rate margins, original issue
discount, upfront fees or other fees paid to all lenders or interest rate floors) for any Incremental Term Facility denominated
in Dollars incurred on or prior to the date that is six months after the Closing Date (other
than in respect of (A) any Incremental Term Facility originally incurred pursuant to the Base Incremental Amount or the Voluntary
Prepayment Amount, (B) any Incremental Term Facility that has an outside maturity date more than one year after the maturity date
of the Term B Facility and (C) up to $84,000,000 of other Incremental Term Facilities) shall be more than 50 basis
points higher than the corresponding all-in-yield (giving effect to interest rate margins, original issue discount, upfront fees
or other fees paid to all lenders and interest rate floors) for any then existing Term B Loans as determined by the Administrative
Agent in accordance with standard market practices, then the all-in-yield with respect to the outstanding Term B Loans shall be
increased to the amount necessary so that the difference between the all-in-yield with respect to the Incremental Term Facility
and the all-in-yield on the outstanding Term B Loans is equal to 50 basis points, (viii) any Incremental Term Facility shall be
on terms and pursuant to documentation to be determined by the applicable Borrower and the Lenders providing such Incremental
Term Facility; provided that to the extent that (subject to clauses (iv) through (vii) above) the terms and documentation
of any Incremental Term Facility are not consistent with the terms and documentation of the Term B Facility, they shall be reasonably
satisfactory to the Administrative Agent and (ix) any Incremental Revolving Facility shall be on terms and pursuant to documentation
applicable to the Revolving Facility (including the maturity date in respect thereof) (it being understood that, if required to
consummate an Incremental Revolving Facility, the applicable Borrower may increase the pricing, interest rate margins, rate floors
and undrawn fees on the Revolving Facility for all Revolving Lenders under the Revolving Facility, but additional upfront or similar
fees may be payable to the lenders participating in such Incremental Revolving Facility without any requirement to pay such amounts
to any existing Revolving Lenders that do not participate in such Incremental Revolving Facility). No Lender shall have any obligation
to participate in any Incremental Facility unless it agrees to do so in its sole discretion.

 

(b)       Any
additional bank, financial institution or other entity which, with the consent of the applicable Borrower and the Administrative
Agent (which consent shall not be unreasonably 

 

     66

     

    

withheld),
elects to become a “Lender” under this Agreement in connection with any transaction described in Section 2.24(a) shall
execute a New Lender Supplement (each, a “New Lender Supplement”), substantially in the form of Exhibit I-2
or in such other form as is reasonably acceptable to the Administrative Agent, whereupon such bank, financial institution or other
entity (a “New Lender”) shall become a Lender for all purposes and to the same extent as if originally a party
hereto and shall be bound by and entitled to the benefits of this Agreement.

 

(c)       Upon
the effectiveness of any increase in the aggregate amount of the Revolving Commitments pursuant to this Section 2.24, (A) the
Revolving Percentages of the Revolving Lenders shall be automatically adjusted to give effect to such increase, provided that
the amount of each Lender’s Revolving Commitments (other than a Lender that has agreed to participate in such increase and
whose Revolving Commitments shall have been increased in connection with such increase) shall remain unchanged and (B) the Borrowers,
the Administrative Agent and the Revolving Lenders will assign and assume outstanding Revolving Loans of the affected category
to conform the respective amounts thereof held by each Revolving Lender to the Revolving Percentages as so adjusted.

 

(d)       Each
Incremental Facility Activation Notice may, without the consent of any Lender (other than the applicable Incremental Term Lenders)
effect such amendments to this Agreement and the other Loan Documents as may be necessary or appropriate, in the opinion of the
Administrative Agent, to give effect to the provisions of this Section 2.24. This Section shall supersede any provision of Section
10.1 to the contrary.

 

(e)       In
each case subject to Section 1.3, it shall be a condition precedent to the availability of such Incremental Facility that (i)
no Event of Default (or, in the case of any Incremental Acquisition Term Facility, no Event of Default under clauses (a) or (f)
of Section 8) shall have occurred and be continuing immediately prior to and immediately after giving effect to the incurrence
of such Incremental Facility, (ii) solely to the extent required by the Lenders providing such Incremental Facility, the representations
and warranties set forth in each Loan Document (or, in the case of any Incremental Acquisition Term Facility, the Specified Representations
and the Specified Acquisition Agreement Representations) shall be true and correct in all material respects (or, if qualified
by materiality, in all respects) on and as of the Incremental Closing Date immediately prior to and immediately after giving effect
to the incurrence of such Incremental Facility, except to the extent expressly made as of an earlier date, in which case they
shall be so true and correct as of such earlier date and (iii) solely to the extent required by the Lenders providing such Incremental
Facility, the Loan Parties shall have delivered such certificates and other documents (including, to the extent requested, legal
opinions) as shall be reasonably requested by such Lenders in connection with such Incremental Facility, in each case, reasonably
equivalent to comparable documents delivered on the Closing Date.

 

2.25
Loan Purchases. (a) Subject to the terms and conditions set forth or referred to below, a Purchasing Borrower Party may
from time to time, in its discretion, conduct modified Dutch auctions to make Auction Purchase Offers, each such Auction Purchase
Offer to be managed by an investment bank of recognized standing selected by the Parent Borrower following consultation with the
Administrative Agent (in such capacity, the “Auction Manager”) and to be conducted in accordance with the procedures,
terms and conditions set forth in this Section 2.25 and the Auction Procedures, in each case, so long as the following conditions
are satisfied:

 

(i)       no
Default or Event of Default shall have occurred and be continuing at the time of purchase of any Term Loans or on the date of
the delivery of each Auction Notice;

 

(ii)       the
assigning Lender and the Purchasing Borrower Party shall execute and deliver to the Administrative Agent an Assignment and Assumption;

 

     67

     

    

 

(iii)       the
maximum principal amount (calculated on the face amount thereof) of Term Loans that the Purchasing Borrower Party offers to purchase
in any Auction Purchase Offer shall be no less than $5,000,000 (unless another amount is agreed to by the Administrative Agent
in its reasonable discretion);

 

(iv)       any
Term Loans assigned to any Purchasing Borrower Party shall be automatically and permanently cancelled upon the effectiveness of
such assignment and will thereafter no longer be outstanding for any purpose hereunder, and such Term Loans may not be resold
(it being understood and agreed that any gains or losses by any Purchasing Borrower Party upon purchase or acquisition and cancellation
of such Term Loans shall not be taken into account in the calculation of Excess Cash Flow, Consolidated Net Income or Consolidated
EBITDA);

 

(v)       no
more than one Auction Purchase Offer with respect to any Facility may be ongoing at any one time and no more than four Auction
Purchase Offers (regardless of Facility) may be made in any one year;

 

(vi)       at
the time of each purchase of Term Loans through an Auction Purchase Offer, the Parent Borrower shall have delivered to the Auction
Manager a certificate of a Responsible Officer certifying as to compliance with the preceding clause (i);

 

(vii)       no
Purchasing Borrower Party may use the proceeds, directly or indirectly, from Revolving Loans to purchase any Term Loans; and

 

(viii)       each
Auction Purchase Officer shall be made to all Lenders of the applicable Facility subject to such Auction Purchase Offer.

 

(b)       A
Purchasing Borrower Party must terminate any Auction Purchase Offer if it fails to satisfy one or more of the conditions set forth
above which are required to be met at the time which otherwise would have been the time of purchase of Term Loans pursuant to
such Auction Purchase Offer. If a Purchasing Borrower Party commences any Auction Purchase Offer (and all relevant requirements
set forth above which are required to be satisfied at the time of the commencement of such Auction Purchase Offer have in fact
been satisfied), and if at such time of commencement the Purchasing Borrower Party reasonably believes that all required conditions
set forth above which are required to be satisfied at the time of the consummation of such Auction Purchase Offer shall be satisfied,
then the Purchasing Borrower Party shall have no liability to any Lender for any termination of such Auction Purchase Offer as
a result of the failure to satisfy one or more of the conditions set forth above which are required to be met at the time which
otherwise would have been the time of consummation of such Auction Purchase Offer, and any such failure shall not result in any
Default or Event of Default hereunder. With respect to all purchases of Term Loans of any Facility made by a Purchasing Borrower
Party pursuant to this Section 2.25, the Purchasing Borrower Party shall pay on the settlement date of each such purchase all
accrued and unpaid interest (except to the extent otherwise set forth in the relevant offering documents), if any, on the purchased
Term Loans of the applicable Facility up to the settlement date of such purchase.

 

The
Administrative Agent and the Lenders hereby consent to the Auction Purchase Offers and the other transactions effected
pursuant to and in accordance with the terms of this Section 2.25 (provided that no Lender shall have an obligation to
participate in any such Auction Purchase Offer). For the avoidance of doubt, it is understood and agreed that the provisions
of Section 2.17 will not apply to the purchases of Term Loans pursuant to and in accordance with the provisions of this
Section 2.25. The Auction
Manager acting in its capacity as such hereunder shall be entitled to the benefits of the provisions of Article VIII and Article
IX to the same extent as if each reference therein to the “Administrative Agent” were a reference to the Auction Manager,
and the Administrative Agent shall cooperate with the Auction

 

     68

     

    

Manager
as reasonably requested by the Auction Manager in order to enable it to perform its responsibilities and duties in connection
with each Auction Purchase Offer.

 

2.26
Loan Modification Offers. (a) The applicable Borrowers may on one or more occasions after the Closing Date, by written
notice to the Administrative Agent, make one or more offers (each, a “Loan Modification Offer”) to all (and
not fewer than all) the Lenders of one or more Facilities (each Facility subject to such a Loan Modification Offer, an “Affected
Facility”) to make one or more Permitted Amendments pursuant to procedures reasonably specified by the Administrative
Agent and reasonably acceptable to the applicable Borrowers. Such notice shall set forth (i) the terms and conditions of the requested
Loan Modification Offer and (ii) the date on which such Loan Modification Offer is requested to become effective. Permitted Amendments
shall become effective only with respect to the Loans of the Lenders of the Affected Facility that accept the applicable Loan
Modification Offer (such Lenders, the “Accepting Lenders”) and, in the case of any Accepting Lender, only with
respect to such Lender’s Loans and Commitments of such Affected Facility as to which such Lender’s acceptance has
been made. With respect to all Permitted Amendments consummated by the applicable Borrowers pursuant to this Section 2.26, (i)
such Permitted Amendments shall not constitute voluntary or mandatory payments or prepayments for purposes of Section 2.11 and
(ii) any Loan Modification Offer, unless contemplating a scheduled maturity date already in effect with respect to any Loans hereunder
pursuant to a previously consummated Permitted Amendment, must be in a minimum amount of $10,000,000 (or such lesser amount as
may be approved by the Administrative Agent in its reasonable discretion); provided that the applicable Borrowers may at
their election specify as a condition (a “Minimum Extension Condition”) to consummating any such Permitted
Amendment that a minimum amount (to be determined and specified in the relevant Loan Modification Offer in the applicable Borrowers’
sole discretion and which may be waived by the applicable Borrowers) of Loans of any or all Affected Facilities be extended. If
the aggregate principal amount of Loans of any Affected Facility in respect of which Lenders shall have accepted the relevant
Loan Modification Offer shall exceed the maximum aggregate principal amount of Loans of such Affected Facility offered to be extended
by the applicable Borrowers pursuant to such Loan Modification Offer, then the Loans of such Lenders shall be extended ratably
up to such maximum amount based on the relative principal amounts (but not to exceed actual holdings of record) with respect to
which such Lenders have accepted such Loan Modification Offer.

 

(b)       A
Permitted Amendment shall be effected pursuant to a Loan Modification Agreement executed and delivered by the applicable Borrowers,
each Accepting Lender and the Administrative Agent; provided that no Permitted Amendment shall become effective unless
(i) no Event of Default shall have occurred and be continuing on the date of effectiveness thereof, (ii) on the date of effectiveness
thereof, the representations and warranties of each Loan Party set forth in the Loan Documents shall be true and correct in all
material respects (or if qualified by materiality, in all respects), in each case on and as of such date, except in the case of
any such representation and warranty expressly made as of an earlier date, in which case such representation and warranty shall
be so true and correct on and as of such earlier date, (iii) the applicable Borrowers shall have delivered, or agreed to deliver
by a date following the effectiveness of such Permitted Amendment reasonably acceptable to the Administrative Agent, to the Administrative
Agent such legal opinions, board resolutions, secretary’s certificates, officer’s certificates and other documents
(including reaffirmation agreements, supplements and/or amendments to Mortgages or other Security Documents, in each case to the
extent applicable) as shall reasonably be requested by the Administrative Agent in connection therewith and (iv) any applicable
Minimum Extension Condition shall be satisfied (unless waived by the applicable Borrowers). The Administrative Agent shall promptly
notify each Lender as to the effectiveness of each Loan Modification Agreement. Each Loan Modification Agreement may, without
the consent of any Lender other than the applicable Accepting Lenders, effect such
amendments to this Agreement and the other Loan Documents as may be necessary or appropriate, in the reasonable opinion of the
Administrative Agent, to give effect to the provisions of this Section 2.26, including any amendments necessary to treat the applicable
Loans of the Accepting Lenders as a new

 

     69

     

    

Facility
of loans hereunder (and the Lenders hereby irrevocably authorize the Administrative Agent to enter into any such amendments);
provided that (i) all prepayments of Loans (i.e., both extended and non-extended) shall continue to be made on a ratable
basis among all Lenders, based on the relative amounts of their Loans unless a Permitted Amendment provides for lesser treatment
of the Loans of the Accepting Lenders, until the repayment of the non-extended Loans on the relevant scheduled maturity date in
respect thereof. The Administrative Agent and the Lenders hereby acknowledge that in respect of payments on non-extended Loans
on the scheduled maturity date in respect thereof the pro rata payment requirements contained elsewhere in this Agreement are
not intended to apply to the transactions effected pursuant to this Section 2.26. This Section 2.26 shall supersede any provisions
in Section 2.17 or Section 10.1 to the contrary.

 

2.27
Designation of Subsidiary Borrowers. The Parent Borrower shall be permitted, so long
as no Event of Default shall have occurred and be continuing:

 

(a)       to
designate any Domestic Subsidiary that is a Wholly Owned Subsidiary of the Parent Borrower as a Subsidiary Borrower under the
Revolving Facility upon (A) ten (10) Business Days prior written notice to the Administrative Agent (or such earlier date as shall
be agreed by the Administrative Agent it its sole discretion) (such notice to contain the name, primary business address and taxpayer
identification number of such Domestic Subsidiary) (a “Notice of Designation”), (B) the execution and delivery
by the Parent Borrower, such Domestic Subsidiary and the Administrative Agent of a Joinder Agreement, substantially in the form
of Exhibit D (a “Joinder Agreement”), providing for such Domestic Subsidiary to become a Subsidiary Borrower,
(C) compliance by the Parent Borrower and such Subsidiary Borrower with Section 6.10(e), (D) the agreement and acknowledgment
by the Parent Borrower and each other Loan Party that the Guarantee and Collateral Agreement covers the Obligations of such Domestic
Subsidiary, (E) delivery by the Parent Borrower or such Domestic Subsidiary of (i) all documentation and information as is reasonably
requested in writing by the Lenders at least three days prior to the anticipated effective date of such designation required by
U.S. regulatory authorities under applicable “know your customer” and anti-money laundering rules and regulations,
including the PATRIOT Act and (ii), if the Domestic Subsidiary qualifies as a “legal entity customer” under the Beneficial
Ownership Regulation, a Beneficial Ownership Certification in relation to the Domestic Subsidiary and (F) the delivery to the
Administrative Agent of corporate or other applicable resolutions, incorporation or other applicable constituent documents, secretary’s
certificates, officer’s certificates and legal opinions in respect of such Domestic Subsidiary and such other documents
with respect thereto as the Administrative Agent shall reasonably request, in each case, reasonably equivalent to comparable documents
delivered on the Closing Date; and

 

(b)       to
remove any Domestic Subsidiary as a Subsidiary Borrower upon execution and delivery by the Parent Borrower to the Administrative
Agent of a written notification to such effect and (x) repayment in full of all Loans made to such Subsidiary Borrower, cash collateralization
of all L/C Obligations in respect of any Letters of Credit issued for the account of such Subsidiary Borrower and repayment in
full of all other amounts owing by such Subsidiary Borrower under this Agreement and the other Loan Documents (it being agreed
that any such repayment shall be in accordance with the other terms of this Agreement) or (y) the assumption by the Parent Borrower
of all such Obligations of such Subsidiary Borrower in form and substance reasonably satisfactory to the Administrative Agent.

 

SECTION
3.LETTERS OF CREDIT

 

 

3.1
L/C Commitment. (a) Subject to the terms and conditions hereof, the Issuing
Lender, in reliance on the agreements of the other Revolving Lenders set forth in Section 3.4(a), agrees to issue letters of credit
(“Letters of Credit”) for the account of any Borrower on any Business Day during the Revolving Commitment Period
in such form as may be approved from time to time by the Issuing Lender;

  

     70

     

    

provided
that the Issuing Lender shall have no obligation to issue any Letter of Credit if, after giving effect to such issuance, (i)
the aggregate L/C Obligations would exceed the aggregate L/C Commitment, (ii) the aggregate amount of the Available Revolving
Commitments would be less than zero or (iii) the L/C Obligations of such Issuing Lender would exceed such Issuing Lender’s
L/C Commitment; provided further that Barclays Bank PLC shall only be required to issue standby Letters of Credit. Each
Letter of Credit shall (i) be denominated in an Agreed Currency and (ii) expire no later than the earlier of (x) the first anniversary
of its date of issuance and (y) the date that is five Business Days prior to the Revolving Termination Date unless such Letter
of Credit is cash collateralized or backstopped on terms reasonably satisfactory to the applicable Issuing Lender; provided
that any Letter of Credit with a one-year term may provide for the renewal thereof for additional one-year periods (which
shall in no event extend beyond the date referred to in clause (y) above unless such Letter of Credit is cash collateralized or
backstopped on terms reasonably satisfactory to the applicable Issuing Lender).

 

(b)       The
Issuing Lender shall not at any time be obligated to issue any Letter of Credit if such issuance (i) would conflict with, or cause
the Issuing Lender or any L/C Participant to exceed any limits imposed by, any applicable Requirement of Law, (ii) would violate
one or more policies of such Issuing Lender applicable to letters of credit generally or (iii) except as otherwise agreed by the
Administrative Agent and such Issuing Lender, such Letter of Credit is in an initial amount less than $250,000.

 

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

 

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

 

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

 

3.4
L/C Participations. (a) The Issuing Lender irrevocably agrees to grant and hereby
grants to each L/C Participant, and, to induce the Issuing Lender to issue Letters of Credit, each L/C Participant irrevocably
agrees to accept and purchase and hereby accepts and purchases from the Issuing

 

     71

     

    

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

 

(b)       If
any amount required to be paid by any L/C Participant to the Issuing Lender pursuant to Section 3.4(a) in respect of any unreimbursed
portion of any payment made by the Issuing Lender under any Letter of Credit is paid to the Issuing Lender within three Business
Days after the date such payment is due, such L/C Participant shall pay to the Issuing Lender on demand an amount equal to the
product of (i) such amount, times (ii) the daily average Federal Funds Effective Rate during the period from and including the
date such payment is required to the date on which such payment is immediately available to the Issuing Lender, times (iii) a
fraction the numerator of which is the number of days that elapse during such period and the denominator of which is 360. If any
such amount required to be paid by any L/C Participant pursuant to Section 3.4(a) is not made available to the Issuing Lender
by such L/C Participant within three Business Days after the date such payment is due, the Issuing Lender shall be entitled to
recover from such L/C Participant, on demand, such amount with interest thereon calculated from such due date at the rate per
annum applicable to ABR Loans under the Revolving Facility. A certificate of the Issuing Lender submitted to any L/C Participant
with respect to any amounts owing under this Section shall be conclusive in the absence of manifest error.

 

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

 

3.5
Reimbursement Obligation of the Borrowers. If any draft is paid under any Letter
of Credit, the applicable Borrower shall reimburse the Issuing Lender for the amount of (a) the draft so paid and (b) any taxes,
fees, charges or other costs or expenses incurred by the Issuing Lender in connection with such payment, not later than 12:00
Noon, New York City time, on (i) the Business Day that the applicable
Borrower receives notice of such draft, if such notice is received on such day prior to 10:00 A.M., New York City time, or (ii)
if clause (i) above does not apply, the Business Day immediately following the day that the applicable Borrower receives such
notice. Each such payment shall be made to

 

     72

     

    

the
Issuing Lender at its address for notices referred to herein in Dollars (based on the Dollar Equivalent thereof) and in immediately
available funds. Interest shall be payable on any such amounts from the date on which the relevant draft is paid until payment
in full at the rate set forth in (x) until the Business Day next succeeding the date of the relevant notice, Section 2.14(b) and
(y) thereafter, Section 2.14(c).

 

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

 

3.7
Letter of Credit Payments. If any draft shall be presented for payment under any
Letter of Credit, the Issuing Lender shall promptly notify the applicable Borrower of the date and amount thereof. The responsibility
of the Issuing Lender to the applicable Borrower in connection with any draft presented for payment under any Letter of Credit
shall, in addition to any payment obligation expressly provided for in such Letter of Credit, be limited to determining that the
documents (including each draft) delivered under such Letter of Credit in connection with such presentment are substantially in
conformity with such Letter of Credit. 

 

     73

     

    

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

 

SECTION
4.REPRESENTATIONS AND WARRANTIES

 

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

 

4.1
Financial Condition. (a) The unaudited pro forma consolidated balance sheet and related pro forma consolidated statement
of income of the Parent Borrower and its consolidated Restricted Subsidiaries as of and for the 12 months ended June 30, 2018
(including the notes thereto) (the “Pro Forma Financial Statements”), copies of which have heretofore been
furnished to each Lender, have been prepared giving effect (as if such events had occurred on such date (in the case of the balance
sheet) or at the beginning of such period (in the case of the statement of income)) to the consummation of the Transactions and
the payment of fees and expenses in connection therewith. The Pro Forma Financial Statements have been prepared based on the best
information available to the Parent Borrower as of the date of delivery thereof, and present fairly in all material respects and
on a pro forma basis the estimated financial condition and results of operations of Parent Borrower and its consolidated Restricted
Subsidiaries as of and for the 12 months ended at June 30, 2018, assuming that the events specified in the preceding sentence
had actually occurred at such date or at the beginning of such period, as applicable.

 

(b)       The
audited consolidated balance sheets of the Parent Borrower and its consolidated Restricted Subsidiaries as at December 31, 2015,
December 31, 2016 and December 31, 2017, and the related consolidated statements of income, stockholders’ equity and cash
flows for the fiscal years ended on such dates, reported on by and accompanied by an unqualified report from Moss Adams LLP, present
fairly, in all material respects, the consolidated financial condition of the Parent Borrower and its consolidated Restricted
Subsidiaries as at such date, and the consolidated results of its operations and its consolidated cash flows for the respective
fiscal years then ended. The unaudited consolidated balance sheets of the Parent Borrower and its consolidated Restricted Subsidiaries
as at March 31, 2018 and June 30, 2018, and the related unaudited consolidated statements of income, stockholders’ equity
and cash flow for the respective three-month and six-month periods ended on each such date, present fairly, in all material respects,
the consolidated financial condition of the Parent Borrower and its consolidated Restricted Subsidiaries as at such dates, and
the consolidated results of its operations and its consolidated cash flow for the three-month and six-month periods then ended
(subject to normal year-end audit adjustments). All such financial statements, including the related schedules and notes thereto,
have been prepared in accordance with GAAP applied consistently throughout the periods involved (except as approved by the aforementioned
firm of accountants and disclosed therein), except that the interim financial statements are subject to year-end adjustments and
are lacking footnote disclosures.

 

(c)       The
audited consolidated balance sheets of the Target and its consolidated Subsidiaries as at December 31, 2015, December 31, 2016
and December 31, 2017, and the related consolidated statements of income, stockholders’ equity and cash flows for the fiscal
years ended on such dates, reported on by and accompanied by an unqualified report from KPMG LLP, present fairly, in all material
respects, the consolidated financial condition of the Target and its consolidated Subsidiaries as at such date, and the consolidated
results of its operations and its consolidated cash flows for the respective fiscal years then ended. The unaudited consolidated
balance sheets of the Target and its consolidated Subsidiaries as at March 31, 2018 and June 30, 2018, and the related unaudited
consolidated statements of income, stockholders’ equity and cash flow for the three-month periods ended on such dates, present
fairly, in all material respects, the consolidated financial condition of the Target and its consolidated Subsidiaries

 

     74

     

    

as
at each such date, and the consolidated results of its operations and its consolidated cash flow for the respective three-month
and six-month periods then ended (subject to normal year-end audit adjustments). All such financial statements, including the
related schedules and notes thereto, have been prepared in accordance with GAAP applied consistently throughout the periods involved
(except as approved by the aforementioned firm of accountants and disclosed therein), except that the interim financial statements
are subject to year-end adjustments and are lacking footnote disclosures.

 

4.2
No Change. Since December 31, 2017, there has been no development or event that has had or could reasonably be expected
to have a Material Adverse Effect.

 

4.3
Existence; Compliance with Law. Each Group Member (a) is duly organized, validly existing and in good standing under the
laws of the jurisdiction of its organization, (b) has the corporate or similar organizational power and authority, and the legal
right, to own and operate its property, to lease the property it operates as lessee and to conduct the business in which it is
currently engaged, (c) is duly qualified as a foreign corporation or other organization and in good standing under the laws of
each jurisdiction where its ownership, lease or operation of property or the conduct of its business requires such qualification,
except where the failure to be so qualified could not, in the aggregate, reasonably be expected to have a Material Adverse Effect
and (d) is in compliance with all Requirements of Law except to the extent that the failure to comply therewith could not, in
the aggregate, reasonably be expected to have a Material Adverse Effect.

 

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

 

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

 

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

 

4.6
Litigation. No litigation, investigation or proceeding of or before any arbitrator or Governmental Authority is pending
or, to the knowledge of the Parent Borrower, threatened by or against 

 

     75

     

    

any
Group Member or against any of their respective properties or revenues that could reasonably be expected to have a Material Adverse
Effect.

 

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

 

4.8
Ownership of Property; Liens. Each Group Member has title in fee simple to, or a valid leasehold interest in, all its real
property, and good title to, or a valid leasehold interest in, all its other property, and none of such property is subject to
any Lien except as permitted by Section 7.3.

 

4.9
Intellectual Property. Each Group Member owns, or is licensed to use, all Intellectual Property necessary for the conduct
of its business as currently conducted, free and clear of all Liens, except as permitted by Section 7.3, and the use thereof and
the conduct of each of the Group Members does not infringe in any material respect upon the rights of any Person. No material
claim has been asserted or is pending by any Person challenging or questioning the use of any material Intellectual Property or
the validity or effectiveness of any material Intellectual Property, nor does the Parent Borrower know of any valid basis for
any such material claim.

 

4.10
Taxes. Each Group Member has filed or caused to be filed all material Federal, state and other Tax returns that are required
to be filed and has paid all Taxes shown to be due and payable on said returns or on any assessments made against it or any of
its property and all other material Taxes, fees or other charges imposed on it or any of its property by any Governmental Authority
(other than (i) any the amount or validity of which are currently being contested in good faith by appropriate proceedings and
with respect to which reserves in conformity with GAAP have been provided on the books of the relevant Group Member, or (ii) to
the extent that the failure to file or pay, individually or in the aggregate, could not reasonably be expected to have a Material
Adverse Effect); no Tax Lien has been filed, and, to the knowledge of the Parent Borrower, no claim is being asserted, with respect
to any such Tax, fee or other charge.

 

4.11
Federal Regulations. No part of the proceeds of any Loans, and no other extensions of credit hereunder, will be used, directly
or indirectly, (a) for “buying” or “carrying” any “margin stock” within the respective meanings
of each of the quoted terms under Regulation U as now and from time to time hereafter in effect for any purpose that violates
the provisions of the Regulations of the Board or (b) for any purpose that violates the provisions of the Regulations of the Board.

 

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

 

4.13
ERISA. Except as could not reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect:
(a) each Group Member and each of their respective ERISA Affiliates (and in the case of a Pension Plan or a Multiemployer Plan,
each of their respective ERISA Affiliates) are in compliance with all applicable provisions and requirements of ERISA and the
Code and other federal and state laws and the regulations and published interpretations thereunder with respect to each Plan and
Pension Plan and have performed all their obligations under each Plan and Pension Plan; (b) no ERISA Event or Foreign Plan Event
has occurred or is reasonably expected to occur, and no ERISA 

 

     76

     

    

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

 

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

 

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

 

4.16
Use of Proceeds. The proceeds of the Term B Loans shall be used (i) to consummate the Existing Indebtedness Refinancing,
(ii) to pay the cash consideration for the Closing Date Acquisition and (iii) to pay the fees and expenses incurred in connection
with the Transactions (such fees 

 

     77

     

    

and
expenses, the “Transaction Costs”). On the Closing Date, the proceeds of any Revolving Loans, Swingline Loans
and Letters of Credit shall be used solely (i) to replace, backstop or cash collateralize existing letters of credit, guarantees
or performance or similar bonds of the Parent Borrower and its Restricted Subsidiaries or the Target and its Restricted Subsidiaries,
(ii) to pay any original issue discount or upfront fees required to be funded on the Closing Date in connection with the exercise
of “market flex” provisions previously agreed in writing between the Arrangers and the Parent Borrower and (iii) to
finance the working capital needs of the Parent Borrower and its Restricted Subsidiaries in an aggregate amount not to exceed
$10,000,000 (collectively, the “Permitted Closing Date Use of Proceeds”). After the Closing Date, the proceeds
of any Revolving Loans, Swingline Loans, Letters of Credit and any Incremental Facility shall be used for general corporate purposes
(including Permitted Acquisitions, other Investments permitted by this Agreement and other uses not prohibited by this Agreement).

 

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

 

(a)       the
facilities and properties owned, leased or operated by any Group Member (the “Properties”) do not contain,
and have not previously contained, any Materials of Environmental Concern in amounts or concentrations or under circumstances
that constitute or constituted a violation of, or could reasonably be expected to give rise to liability under, any Environmental
Law;

 

(b)       no
Group Member has received or is aware of any notice of violation, alleged violation, non-compliance, liability or potential liability
regarding environmental matters or compliance with Environmental Laws with regard to any of the Properties or the business operated
by any Group Member (the “Business”), nor does the Parent Borrower have knowledge or reason to believe that
any such notice will be received or is being threatened;

 

(c)       Materials
of Environmental Concern have not been transported or disposed of from the Properties in violation of, or in a manner or to a
location that could reasonably be expected to give rise to liability under, any Environmental Law, nor have any Materials of Environmental
Concern been generated, treated, stored or disposed of at, on or under any of the Properties in violation of, or in a manner that
could reasonably be expected to give rise to liability under, any applicable Environmental Law;

 

(d)       no
judicial proceeding or governmental or administrative action is pending or, to the knowledge of the Parent Borrower, threatened,
under any Environmental Law to which any Group Member is named as a party with respect to the Properties or the Business, nor
are there any consent decrees or other decrees, consent orders, administrative orders or other orders, or other administrative
or judicial requirements outstanding under any Environmental Law with respect to the Properties or the Business;

 

(e)       there
has been no release or threat of release of Materials of Environmental Concern at or from the Properties, or arising from or related
to the operations of any Group Member in connection with the Properties or otherwise in connection with the Business, in violation
of or in amounts or in a manner that could reasonably be expected to give rise to liability under Environmental Laws;

 

(f)       the
Properties and all operations at the Properties are in compliance, and have in the last five years been in compliance, with all
applicable Environmental Laws; and

 

(g)       no
Group Member has assumed by contract any liability of any other Person under Environmental Laws.

 

     78

     

    

4.18
Accuracy of Information, etc. The statements and information contained in this Agreement, the other Loan Documents, and
the other documents, certificates and statements furnished by or on behalf of any Loan Party to the Administrative Agent or the
Lenders, or any of them, for use in connection with the transactions contemplated by this Agreement or the other Loan Documents,
did not contain as of the date such statements, information, documents or certificates were so furnished, any untrue statement
of a material fact or omit to state a material fact necessary to make the statements contained herein or therein not misleading
in any material respect. The projections and pro forma financial information contained in the materials referenced above
are based upon good faith estimates and assumptions believed by management of the Parent Borrower to be reasonable at the time
made, it being recognized by the Lenders that such financial information as it relates to future events is not to be viewed as
fact and that actual results during the period or periods covered by such financial information may differ from the projected
results set forth therein by a material amount. There is no fact known to any Loan Party that could reasonably be expected to
have a Material Adverse Effect that has not been expressly disclosed herein, in the other Loan Documents, or in any other documents,
certificates and statements furnished to the Administrative Agent and the Lenders for use in connection with the transactions
contemplated hereby and by the other Loan Documents.

 

4.19
Security Documents.

 

(a)       The
Guarantee and Collateral Agreement is effective to create in favor of the Administrative Agent, for the benefit of the Secured
Parties, a legal, valid and enforceable security interest in the Collateral described therein and proceeds thereof. In the case
of the Pledged Collateral described in the Guarantee and Collateral Agreement, when such Pledged Collateral is delivered to the
Administrative Agent (together with a properly completed and signed undated endorsement), and in the case of the other Collateral
described in the Guarantee and Collateral Agreement that can be perfected by the filing of such financing statement or other filing,
when financing statements and other filings specified on Schedule 4.19(a) in appropriate form are filed in the offices specified
on Schedule 4.19(a), the Guarantee and Collateral Agreement shall constitute a fully perfected Lien on, and security interest
in, all right, title and interest of the Loan Parties in such Collateral and the proceeds thereof, as security for the Obligations
(as defined in the Guarantee and Collateral Agreement), in each case prior and superior in right to the Lien of any other Person
(except (x) (other than with respect to Collateral consisting of Capital Stock) Liens permitted by Section 7.3 and (y) as and
to the extent set forth in the last paragraph of Section 5.1).

 

(b)       Each
of the Mortgages, upon execution and delivery by the parties thereto, is effective to create in favor of the Administrative Agent,
for the benefit of the Secured Parties, a legal, valid and enforceable Lien on the Mortgaged Properties described therein and
proceeds thereof, and when the Mortgages are filed in the offices specified in the local counsel legal opinions delivered in connection
with such Mortgages, each such Mortgage shall constitute a fully perfected Lien on, and security interest in, all right, title
and interest of the Loan Parties in the Mortgaged Properties and the proceeds thereof, as security for the Obligations (as defined
in the relevant Mortgage), in each case prior and superior in right to the Lien of any other Person (except Liens permitted by
Section 7.3). Schedule 1.1E lists, as of the Closing Date, each parcel of owned real property located in the United States and
held by any Borrower or any Subsidiary Guarantor upon which a Mortgage will be granted to the Administrative Agent.

 

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

 

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

 

     79

     

    

4.22 [Reserved].

 

4.23
[Reserved]. 

 

4.24
Anti-Corruption Laws and Sanctions. The Parent Borrower has implemented and maintains in effect policies and procedures
designed to ensure material compliance by the Parent Borrower, its Subsidiaries and their respective directors, officers, employees
and agents with Anti-Corruption Laws and applicable Sanctions, and the Parent Borrower and its Subsidiaries, and to the knowledge
of the Parent Borrower its directors, officers, employees and agents, are in compliance with Anti-Corruption Laws and applicable
Sanctions in all material respects. None of (a) the Parent Borrower, any Subsidiary or, to the knowledge of the Parent Borrower
any of their respective directors, officers or employees, or (b) to the knowledge of the Parent Borrower, any agent of the Parent
Borrower or any Subsidiary that will act in any capacity in connection with the credit facility established hereby, is a Sanctioned
Person. No Loan or Letter of Credit, use of proceeds or other transaction contemplated by
this Agreement will violate any Anti-Corruption Law or applicable Sanctions.

 

4.25
EEA Financial Institutions. No Loan Party is an EEA Financial Institution.

 

SECTION
5.CONDITIONS PRECEDENT

 

5.1
Conditions to Initial Extension of Credit.
Subject to the final paragraph of this Section 5.1, the agreement of each Lender to make the initial extension of credit requested
to be made by it is subject to the satisfaction or waiver, prior to or concurrently with the making of such extension of credit
on the Closing Date, of the following conditions precedent:

 

(a)       Loan
Documents. The Administrative Agent shall have received (i) this Agreement, executed and delivered by the Administrative Agent,
each Borrower and each Person listed on Schedules 1.1A and 1.1B and (ii) the Guarantee and Collateral Agreement, executed and
delivered by each Borrower and each Subsidiary Guarantor as of the Closing Date.

 

(b)       Closing
Date Acquisition. The Closing Date Acquisition shall be consummated pursuant to the Closing Date Acquisition Agreement, substantially
concurrently with the initial funding of the Facilities, and no provision of the Closing Date Acquisition Agreement shall have
been amended or waived, and no consent or direction shall have been given thereunder, in any manner materially adverse to the
interests of the Lenders (in their capacities as such) without the prior written consent of the Arrangers (such consent not to
be unreasonably withheld, delayed or conditioned) (it being understood that (i) any amendment to the definition of “Material
Adverse Effect” in the Closing Date Acquisition Agreement shall be deemed to be materially adverse to the interests of the
Lenders (in their capacities as such); provided that in each case the Arrangers shall be deemed to have consented to such
amendment unless they shall object thereto within three Business Days of receipt of written notice of such amendment, (ii) any
of the following decreases in the Final Aggregate Purchase Price (as defined in the Closing Date Acquisition Agreement as in effect
on the Closing Date Acquisition Signing Date) shall be deemed not to be materially adverse to the interests of the Lenders (in
their capacities as such): (x) decreases pursuant to any purchase price or similar adjustment provisions set forth in the Closing
Date Acquisition Agreement as of the Closing Date Acquisition Signing Date, and (y) decreases of less than 15.0% in the aggregate;
provided that, with respect to this clause (y), the aggregate amount of the Term B Facility shall be reduced on a dollar-for-dollar
basis by the amount of such decrease, and (iii) any increase in the consideration for the Closing Date Acquisition shall be deemed
not to be materially adverse to the interests of the Lenders (in their capacities as such) so long as funded with common equity
proceeds or proceeds of preferred equity that does not constitute Disqualified Capital Stock or the Permitted Closing Date Use
of Proceeds or cash on hand.

 

     80

     

    

(c)       Other
Indebtedness. Prior to or substantially concurrently with the initial extensions of credit under this Agreement on the Closing
Date, the principal, accrued and unpaid interest, fees, premium, if any, and other amounts (other than (x) obligations not then
due and payable or that by their terms survive the termination thereof and (y) certain existing letters of credit, bank guarantees,
bankers’ acceptances and similar documents and instruments outstanding under the Existing Credit Agreement that on the Closing
Date will be grandfathered into, or backstopped by, the Revolving Facility or cash collateralized in a manner satisfactory to
the issuing banks thereof) under (i) that certain Senior Secured Credit Facilities Credit Agreement, dated as of February 2, 2015
(as amended, supplemented or otherwise modified from time to time prior to the Closing Date Acquisition Signing Date, the “Existing
Credit Agreement”), among the Parent Borrower, as borrower, East West Bank, as administrative agent, the lenders referred
to therein and the other parties thereto and (ii) all Indebtedness for borrowed money with respect to the Target and its Subsidiaries,
will, in each case, be repaid in full and all commitments to extend credit thereunder will be terminated and any security interests
and guarantees in connection therewith shall be terminated and/or released (or arrangements for such repayment, termination and
release reasonably acceptable to the Arrangers shall have been made) (together, the “Existing Indebtedness Refinancing”)
such that on the Closing Date, after giving effect to Transactions, none of the Parent Borrower or any of its Restricted Subsidiaries
shall have any material Indebtedness for borrowed money other than Indebtedness outstanding under this Agreement.

 

(d)       Pro
Forma Financial Statements; Financial Statements. The Lenders shall have received (i) the Pro Forma Financial Statements,
(ii) the (A) audited consolidated balance sheets of the Target as of December 31, 2015, 2016 and 2017 and the related audited
consolidated statements of income and cash flows of the Target for each of the three (3) years ended December 31, 2015, 2016 and
2017 (together with the notes relating thereto) and (B) the unaudited consolidated balance sheet of the Target as of March 31,
2018 and the related unaudited consolidated interim statements of income and cash flows of the Target for the three months ended
March 31, 2018 (together with the notes relating thereto) and (iii) (A) the audited consolidated balance sheets and related statements
of income and members’ equity, together with consolidating statements of cash flows of the Parent Borrower and its subsidiaries
as of December 31, 2015, 2016 and 2017 and (B) the unaudited consolidated balance sheets and related statements of income and
members’ equity, together with consolidated statements of cash flows of the Parent Borrower and its subsidiaries for the
fiscal quarter ended March 31, 2018; provided that in each case of clause (ii) and (iii), the filing of the required financial
statements on form 10-K and form 10-Q by the Parent Borrower or the Target, as applicable, will satisfy the foregoing requirements
in clause (ii) and (iii).

 

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

 

(f)       Fees.
All costs, fees and expenses required to be paid by the Borrowers to the Administrative Agent, the Arrangers and the Lenders in
connection with this Agreement (including the reasonable and documented fees and expenses of legal counsel to the Administrative
Agent) and all costs, fees and expenses required to be paid by the Parent Borrower pursuant to the Fee Letters (including the
reasonable and documented fees and expenses of legal counsel to Barclays Bank PLC), in each case with respect to any such costs
and expenses to the extent invoiced at least three (3) Business Days prior to the Closing Date (except as otherwise reasonably
agreed by the Borrower), shall have been paid or shall have been authorized to be deducted from the proceeds of the initial extensions
of credit under this Agreement to the extent due and invoiced to the Parent Borrower.

 

(g)       Closing
Certificate; Certified Certificate of Incorporation; Good Standing Certificates. The Administrative Agent shall have received
(i) a certificate of each Loan Party, dated the

 

     81

     

    

Closing
Date, substantially in the form of Exhibit C, with appropriate insertions and attachments, including the certificate of incorporation
of each Loan Party that is a corporation certified by the relevant authority of the jurisdiction of organization of such Loan
Party, and (ii) a long form good standing certificate for each Loan Party from its jurisdiction of organization.

 

(h)       Legal
Opinions. The Administrative Agent shall have received the executed legal opinions of (i) Davis Polk & Wardwell LLP, special
New York counsel to the Parent Borrower and its Restricted Subsidiaries, (ii) Morris, Nichols, Arsht & Tunnell LLP, special
Delaware counsel to the Parent Borrower and its Restricted Subsidiaries and (iii) Holland & Knight LLP, special California
counsel to the Parent Borrower and its Restricted Subsidiaries, each in form and substance reasonably acceptable to the Administrative
Agent.

 

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

 

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

 

(k)       [reserved].

 

(l)       Solvency
Certificate. The Administrative Agent shall have received a Solvency Certificate.

 

(m)       [reserved].

 

(n)       Specified
Representations. Each of the Specified Representations shall be true and correct in all material respects (or in all respects
if qualified by materiality) on and as of the Closing Date, except to the extent expressly made as of an earlier date, in which
case such Specified Representations shall have been so true and correct in all material respects (or in all respects if qualified
by materiality) on and as of such earlier date.

 

(o)       Specified
Acquisition Agreement Representations. Each of the Specified Acquisition Agreement Representations shall be true and correct
in all material respects (or in all respects, if qualified by materiality) on and as of the Closing Date, except to the extent
expressly made as of an earlier date, in which case such Specified Acquisition Agreement Representations shall have been true
and correct in all material respects (or in all respects, if qualified by materiality) on and as of such earlier date.

 

(p)       [reserved].

 

(q)       PATRIOT
Act. (i) The Administrative Agent shall have received, at least three Business Days prior to the Closing Date, all documentation
and other information about any Loan Party reasonably requested by the Administrative Agent or any Lender in writing at least
10 Business Days prior to the Closing Date and that the Administrative Agent or such Lender reasonably determines is

 

     82

     

    

required
by United States bank regulatory authorities under applicable “know your customer” and anti-money laundering rules
and regulations, including the PATRIOT Act and (ii) to the extent the Parent Borrower qualifies as a “legal entity customer”
under the Beneficial Ownership Regulation, at least five days prior to the Closing Date, any Lender that has requested, in a written
notice to the Parent Borrower at least 10 days prior to the Closing Date, a Beneficial Ownership Certification in relation to
the Parent Borrower shall have received such Beneficial Ownership Certification (provided that, upon the execution and delivery
by such Lender of its signature page to this Agreement, the condition set forth in this clause (ii) shall be deemed to be satisfied).

 

(r)       Target
Material Adverse Effect. Since the date of the Closing Date Acquisition Agreement, there shall not have occurred any event,
occurrence, revelation or development of a state of circumstances or facts which, individually or in the aggregate, has had or
would reasonably be expected to have a Material Adverse Effect (as defined in the Closing Date Acquisition Agreement) on the Target.

 

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

 

Notwithstanding
the foregoing, to the extent any Lien search or Collateral (including the grant or perfection of any security interest) is not
or cannot be provided on the Closing Date (other than the grant and perfection of security interests (i) in Collateral with respect
to which a Lien may be perfected solely by the filing of a financing statement under the Uniform Commercial Code, or (ii) in Capital
Stock of Domestic Subsidiaries that constitutes Collateral with respect to which a Lien may be perfected by the delivery of a
stock certificate) after your use of commercially reasonable efforts to do so without undue burden or expense, then the provision
of any such Lien search and/or such Collateral (including the creation or perfection of any security interest) shall not constitute
a condition precedent to the availability or funding of the Facilities on the Closing Date, but may instead be provided within
90 days (or 120 days in the case of Material Real Property and related fixtures) (or, in each case, such longer period as the
Administrative Agent may determine in its reasonable discretion) after the Closing Date pursuant to arrangements to be mutually
agreed between the Parent Borrower and the Administrative Agent.

 

5.2
Conditions to Each Extension of Credit. The agreement of each Lender to make any extension of credit requested to be made
by it on any date (other than its initial extension of credit on the Closing Date) is subject to the satisfaction or waiver of
the following conditions precedent:

 

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

 

(b)       No
Default. No Default or Event of Default shall have occurred and be continuing on such date or after giving effect to the extensions
of credit requested to be made on such date.

 

Each
borrowing by and issuance of a Letter of Credit on behalf of any Borrower hereunder (other than the initial extensions of credit
on the Closing Date) shall constitute a representation and warranty by such Borrower as of the date of such extension of credit
that the conditions contained in this Section 5.2 have been satisfied. For the avoidance of doubt, the foregoing conditions set
forth in this Section 5.2 shall

 

     83

     

    

be
subject to the limitations set forth in Sections 1.3 and 2.24 to the extent the proceeds of any Incremental Term Facility are
being used to finance a Limited Condition Transaction.

 

SECTION
6.AFFIRMATIVE COVENANTS

 

Each
Borrower hereby jointly and severally agrees that, so long as the Commitments remain in effect, any Letter of Credit (other than
Letters of Credit that are cash collateralized or backstopped on terms reasonably satisfactory to the applicable Issuing Lender)
remains outstanding or any Loan or other amount (other than inchoate indemnification obligations) is owing to any Lender or the
Administrative Agent hereunder, such Borrower shall and, in the case of Sections 6.3 through 6.8, 6.10 and 6.14, shall cause each
of its Restricted Subsidiaries to :

 

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

 

(a)       as
soon as available, but in any event within ninety (90) days after the end of each fiscal year of the Parent Borrower, a copy of
the audited consolidated and consolidating balance sheet of the Parent Borrower and its consolidated Subsidiaries as at the end
of such fiscal year and the related audited consolidated and consolidating statements of income and of cash flows for such fiscal
year, setting forth in each case in comparative form the figures for the previous fiscal year, reported on without a “going
concern” or like qualification or exception, or qualification arising out of the scope of the audit, by Moss Adams LLP or
other independent certified public accountants of nationally recognized standing;

 

(b)       as
soon as available, but in any event within forty-five (45) days after the end of each of the first three fiscal quarterly periods
of each fiscal year of the Parent Borrower, the unaudited consolidated and consolidating balance sheet of the Parent Borrower
and its consolidated Subsidiaries as at the end of such fiscal quarter and the related unaudited consolidated and consolidating
statements of income and of cash flows for such fiscal quarter and the portion of the applicable fiscal year through the end of
such fiscal quarter, setting forth in each case in comparative form the figures for the corresponding period or periods of the
previous fiscal year (or, in the case of the balance sheet, as of the end of the previous fiscal year), certified by a Responsible
Officer as being fairly stated in all material respects (subject to normal year-end audit adjustments); and

 

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

 

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

 

Documents
required to be delivered pursuant to Section 6.1(a), (b) or (c) or Section 6.2(c) or (d) may be delivered electronically and if
so delivered, shall be deemed to have been delivered on the date on which (i) such documents are posted on the Parent Borrower’s
behalf on IntraLinks/IntraAgency or another relevant Internet or intranet website, if any, to which each Lender and the Administrative
Agent have access (whether a commercial, third-party website or whether sponsored by the Administrative Agent), (ii) the Parent
Borrower posts such documents, or provides a link thereto, on its website on the Internet or

 

     84

     

    

(iii)
such documents are filed on record with the SEC; provided that, upon written request by the Administrative Agent, the Parent
Borrower shall deliver paper copies of such documents to the Administrative Agent for further distribution to each Lender until
a written request to cease delivering paper copies is given by the Administrative Agent. The Administrative Agent shall have no
obligation to request the delivery of or to maintain or deliver to Lenders paper copies of the documents referred to above, and
in any event shall have no responsibility to monitor compliance by the Parent Borrower with any such request for delivery, and
each Lender shall be solely responsible for timely accessing posted documents or requesting delivery of paper copies of such documents
from the Administrative Agent and maintaining its copies of such documents.

 

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

 

(a)       [reserved];

 

(b)       concurrently
with the delivery of any financial statements pursuant to Sections 6.1(a) and 6.1(b), (i) a Compliance Certificate executed by
a Responsible Officer, which Compliance Certificate shall include a statement that, to the best of each such Responsible Officer’s
knowledge, each Loan Party during such period has observed or performed all of its covenants and other agreements, and satisfied
every condition contained in this Agreement and the other Loan Documents to which it is a party to be observed, performed or satisfied
by it, and that such Responsible Officer has obtained no knowledge of any Default or Event of Default except as specified in such
certificate, (ii) in the case of annual financial statements, a calculation of Excess Cash Flow and (iii) in the case of quarterly
or annual financial statements, to the extent not previously disclosed to the Administrative Agent, (w) a description of any change
in the jurisdiction of organization of any Loan Party, (x) a list of any material Intellectual Property acquired or created by
any Loan Party, (y) a description of any Person that has become a Group Member, a Restricted Subsidiary or an Unrestricted Subsidiary,
in each case since the date of the most recent report delivered pursuant to this clause (iii) (or, in the case of the first such
report so delivered, since the Closing Date) and (z) supplements to the schedules to the Perfection Certificate (as defined in
the Guarantee and Collateral Agreement) to the extent that there are any updates to the information contained in such schedules
since the Closing Date or the date such schedules were last supplemented;

 

(c)       as
soon as available, and in any event no later than 90 days after the end of each fiscal year of the Parent Borrower, a detailed
consolidated budget for the following fiscal year (including a projected consolidated balance sheet of the Parent Borrower and
its Restricted Subsidiaries as of the end of the following fiscal year, the related consolidated statements of projected cash
flow and projected income and a description of the underlying assumptions applicable thereto) that has been approved by the board
of directors of the Parent Borrower and, as soon as available, significant revisions, if any, of such budget and projections with
respect to such fiscal year (collectively, the “Projections”), which Projections shall in each case be accompanied
by a certificate of a Responsible Officer stating that such Projections are based on reasonable estimates, information and assumptions
and that such Responsible Officer has no reason to believe that such Projections are incorrect or misleading in any material respect;

 

(d)       [reserved];

 

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

 

     85

     

    

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

 

(g)       promptly,
such additional financial and other information as the Administrative Agent may from time to time reasonably request; and

 

(h)       promptly
following any written request therefor, such information and documentation reasonably requested by the Administrative Agent or
any Lender for purposes of compliance with applicable “know your customer” and anti-money laundering rules and regulations,
including the PATRIOT Act and the Beneficial Ownership Regulation.

 

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

 

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

 

6.5
Maintenance of Property; Insurance. (a) Keep all property necessary in its business in good working order and condition,
ordinary wear and tear excepted, except where the failure to so maintain such property could not reasonably be expected to result
in a Material Adverse Effect and (b) maintain with financially sound and reputable insurance companies insurance on all its property
in at least such amounts and against at least such risks as are usually insured against in the same general area by companies
engaged in the same or a similar business.

 

6.6
Inspection of Property; Books and Records; Discussions. (a) Keep proper books of records and account in which full, true
and correct (in all material respects) entries in conformity with GAAP and all Requirements of Law shall be made of all dealings
and transactions in relation to its business and activities and (b) upon reasonable prior notice, permit representatives of the
Administrative Agent or any Lender to visit and inspect any of its properties and examine and make abstracts from any of its books
and records at any reasonable time and as often as may reasonably be desired and to discuss the business, operations, properties
and financial and other condition of the Group Members with officers and employees of the Group Members and, accompanied by one
or more officers or designees of the Parent Borrower if requested by the Parent Borrower, with their independent certified public
accountants; provided that 

 

     86

     

    

excluding
any such visits and inspections during the continuation of an Event of Default (i) only the Administrative Agent, acting individually
or on behalf of the Lenders may exercise rights under this Section 6.6(b) and (ii) the Administrative Agent shall not exercise
rights under this Section 6.6(b) more often than one time during any calendar year.

 

6.7
Notices. Promptly give notice to the Administrative Agent, on behalf of each Lender, (or, with respect to clause (h) below,
the applicable Lender) of:

 

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

 

(b)       any
(i) default or event of default under any Contractual Obligation of any Group Member or (ii) litigation, investigation or proceeding
that may exist at any time between any Group Member and any Governmental Authority, that in either case, if not cured or if adversely
determined, as the case may be, could reasonably be expected to have a Material Adverse Effect;

 

(c)       any
litigation or proceeding affecting any Group Member (i) in which the amount involved is in excess of the Threshold Amount and
not covered by insurance, (ii) in which injunctive or similar relief is sought or (iii) which relates to any Loan Document;

 

(d)       (i)
as soon as reasonably possible upon becoming aware of the occurrence of or forthcoming occurrence of any material ERISA Event,
a written notice specifying the nature thereof, what action the Parent Borrower, any of the other Group Members or any of their
respective ERISA Affiliates has taken, is taking or proposes to take with respect thereto and, when known, any action taken or
threatened by the IRS, the Department of Labor or the PBGC with respect thereto; and (ii) with reasonable promptness, upon the
Administrative Agent’s reasonable request, copies of (1) each Schedule SB (Actuarial Information) to the annual report (Form
5500 Series) filed by the Parent Borrower, any of the other Group Members or any of their respective ERISA Affiliates with the
IRS with respect to each Pension Plan; (2) all notices received by the Parent Borrower, any of the other Group Members or any
of their respective ERISA Affiliates from a Multiemployer Plan sponsor concerning a material ERISA Event; and (3) copies of such
other documents or governmental reports or filings relating to any Plan or Pension Plan as the Administrative Agent shall reasonably
request;

 

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

 

(f)       any
change in the information provided in the Beneficial Ownership Certification (if any) delivered to such Lender that would result
in a change to the list of beneficial owners identified in such certification.

 

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

 

6.8
Environmental Laws. (a) Comply with, and undertake reasonable efforts to ensure compliance by all tenants and subtenants,
if any, with, all applicable Environmental Laws, and obtain and comply with and maintain, and undertake reasonable efforts to
ensure that all tenants and subtenants obtain and comply with and maintain, any and all licenses, approvals, notifications, registrations
or permits required by applicable Environmental Laws, in each case, except for events or matters that could not reasonably be
expected to have a Material Adverse Effect.

 

     87

     

    

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

 

6.9
Fiscal Year. The Parent Borrower shall maintain its fiscal year-end as in effect on the Closing Date; provided that the
Parent Borrower may, upon written notice to the Administrative Agent, change its fiscal year-end to another date reasonably acceptable
to the Administrative Agent, in which case the Parent Borrower and the Administrative Agent will, and are hereby authorized by
the Lenders to (without requiring the consent of any other Person, including any Lender), make any adjustments to this Agreement
that are necessary to reflect such change in fiscal year.

 

6.10
Additional Collateral, etc. (a) With respect to any property acquired after the Closing Date by any Loan Party (other than
(x) any property described in paragraph (b), (c) or (d) below, (y) any property subject to a Lien expressly permitted by Section
7.3(g) and (z) any property that constitutes Excluded Property (as defined in the Guarantee and Collateral Agreement)) as to which
the Administrative Agent, for the benefit of the Secured Parties, does not have a perfected Lien and which is intended to constitute
Collateral pursuant to the Security Documents, promptly (and in any event within five (5) Business Days of notice thereof from
the Administrative Agent (or such longer period as the Administrative Agent may agree in its sole discretion)) (i) execute and
deliver to the Administrative Agent such amendments to the Guarantee and Collateral Agreement or such other documents as the Administrative
Agent deems necessary or reasonably advisable to grant to the Administrative Agent, for the benefit of the Secured Parties, a
security interest in such property and (ii) take all actions necessary or reasonably advisable to grant to the Administrative
Agent, for the benefit of the Secured Parties, a perfected first priority security interest in any such property, including the
filing of Uniform Commercial Code financing statements in such jurisdictions as may be required by the Guarantee and Collateral
Agreement or by law or as may be requested by the Administrative Agent.

 

(b)       With
respect to any fee interest in any Material Real Property acquired after the Closing Date by any Loan Party or owned by a Person
that becomes a Loan Party pursuant to this Section 6.10 after the Closing Date (other than (i) any such Material Real Property
subject to a Lien expressly permitted by Section 7.3(g) and (ii) any Material Real Property as to which the Administrative Agent
determines, in its reasonable discretion and in consultation with the Parent Borrower, that the cost of obtaining a security interest
therein is excessive in relation to the value of the security to be afforded thereby), within ninety (90) days after the acquisition
thereof or the date such Person becomes a Loan Party, as applicable, (or such later date as the Administrative Agent shall agree
to in its sole discretion) execute and deliver to the Administrative Agent the following, each in form and substance reasonably
acceptable to the Administrative Agent: (i) a duly executed and acknowledged Mortgage, (ii) a mortgagee title insurance policy
insuring the first priority Lien of the Mortgage in an amount no greater than 100% of the fair market value of such Material Real
Property as reasonably determined by Parent Borrower acting in good faith, free and clear of all Liens other than Permitted Liens,
together with such customary endorsements as reasonably requested by the Administrative Agent, (iii) (A) a new American Land Title
Association or American Congress of Surveying and Mapping form survey with respect to such Material Real Property in form reasonably
acceptable to the Administrative Agent or (B) an existing survey together with a no change affidavit sufficient for the title
insurance company to remove the standard survey exception and issue any applicable survey related endorsements, (iv) customary
legal opinions with respect to each Mortgage and (v) a “life-of-loan standard flood hazard determination”, and if
such Material Real Property is located in a special flood area, a policy of flood insurance that (1) covers each such parcel and
the building(s) located thereon, (2) is in compliance with the coverage required with respect to the particular type of property
under the Flood Insurance Laws and otherwise acceptable to the Administrative Agent, and (3) has a term ending not later than
the maturity of the Indebtedness secured by such Mortgage and (4)

 

     88

     

    

if
such property is located in a special flood hazard area, confirmation that the Parent Borrower has received the notice required
pursuant to the Flood Insurance Laws.

 

(c)       With
respect to (x) any new Domestic Subsidiary (other than any Excluded Subsidiary) created or acquired after the Closing Date by
any Loan Party, (y) any existing Domestic Subsidiary (other than an Excluded Subsidiary) that becomes a Domestic Subsidiary that
is not a CFC Holding Company or a Subsidiary of a Foreign Subsidiary or a CFC Holding Company and (z) any existing Domestic Subsidiary
that ceases to be an Excluded Subsidiary, within forty-five (45) days (or such later date as the Administrative Agent shall agree
to in its sole discretion) after the creation or acquisition of such new Domestic Subsidiary or the date such existing Domestic
Subsidiary becomes a Domestic Subsidiary that is not a CFC Holding Company or a Subsidiary of a Foreign Subsidiary or a CFC Holding
Company or ceases to be an Excluded Subsidiary, as applicable, (i) execute and deliver to the Administrative Agent such amendments
to the Guarantee and Collateral Agreement as the Administrative Agent deems necessary or reasonably advisable to grant to the
Administrative Agent, for the benefit of the Secured Parties, a perfected first priority security interest in the Capital Stock
of such Domestic Subsidiary that is owned by any Loan Party, (ii) deliver to the Administrative Agent the certificates representing
such Capital Stock, together with undated endorsements, in blank, executed and delivered by a duly authorized officer of the relevant
Loan Party, (iii) cause such Domestic Subsidiary (A) to become a party to the Guarantee and Collateral Agreement, (B) to take
such actions necessary or reasonably advisable to grant to the Administrative Agent for the benefit of the Secured Parties a perfected
first priority security interest in the Collateral described in the Guarantee and Collateral Agreement with respect to such Domestic
Subsidiary, including the filing of Uniform Commercial Code financing statements in such jurisdictions as may be required by the
Guarantee and Collateral Agreement or by law or as may be requested by the Administrative Agent and (C) to deliver to the Administrative
Agent a certificate of such Domestic Subsidiary, substantially in the form of Exhibit C, with appropriate insertions and attachments,
and (iv) if reasonably requested by the Administrative Agent, deliver to the Administrative Agent legal opinions relating to the
matters described above, which opinions shall be in form and substance, and from counsel, reasonably satisfactory to the Administrative
Agent.

 

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

 

(e)       Notwithstanding
anything to the contrary set forth in this Agreement, each Subsidiary Borrower and any other applicable Loan Party shall, on the
date such Domestic Subsidiary becomes a Subsidiary Borrower under this Agreement, (A) execute and deliver to the Administrative
Agent

 

     89

     

    

such
amendments to such Security Documents (or such additional Security Documents) as the Administrative Agent deems reasonably necessary
or advisable to grant to the Administrative Agent, for the benefit of the Lenders, a perfected first priority security interest
in the Capital Stock of such Subsidiary Borrower, (B) deliver to the Administrative Agent the certificates representing such Capital
Stock, together with undated stock powers, in blank, executed and delivered by a duly authorized officer of the Company or such
other Loan Party, as the case may be, and take such other action as may be necessary or, in the opinion of the Administrative
Agent, desirable to perfect the Administrative Agent’s security interest therein, (C) execute and deliver to the Administrative
Agent such amendments to such Security Documents (or such additional Security Documents and guarantee documents) as the Administrative
Agent deems necessary or advisable for such Subsidiary Borrower to become a party to each applicable Security Document and guarantee
document and (D) take all actions necessary or advisable to grant to the Administrative Agent, for the benefit of the Lenders,
a perfected security interest in such property having the highest priority then available, including the filing of Uniform Commercial
Code financing statements (or equivalent documents under local law) in such jurisdictions as may be required by the Security Documents
or by law or as may be reasonably requested by the Administrative Agent.

 

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

 

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

 

(b)       after
giving effect to such designation (and clause (c) below), the Parent Borrower shall be in compliance on a Pro Forma Basis with
the financial covenants set forth in Section 7.1; and

 

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

 

(d)       after
giving effect to such designation, (i) the assets of all Unrestricted Subsidiaries in the aggregate are no more than 5.0% of Consolidated
Total Assets of
the Parent Borrower and
its Restricted Subsidiaries for
the Applicable Reference Period,
calculated on a Pro Forma Basis and (ii) the Consolidated EBITDA of all Unrestricted Subsidiaries (calculated as if the definition
of Consolidated EBITDA applied to Unrestricted Subsidiaries, mutatis mutandis) equals, in the aggregate, no more than 5.0%
of the Consolidated EBITDA of the Parent Borrower and its Restricted Subsidiaries for the Applicable Reference Period, calculated
on a Pro Forma Basis.

 

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

 

6.12
Maintenance of Ratings. Use commercially reasonable efforts to obtain and maintain (i) a public corporate family rating
of the Parent Borrower and a rating of the Facilities, in each case from Moody’s, and (ii) a public corporate credit rating
of the Parent Borrower and a rating of the 

 

     90

     

    

Facilities,
in each case from S&P (it being understood and agreed that “commercially reasonable efforts” shall in any event
include the payment by the Parent Borrower of customary rating agency fees and cooperation with information and data requests
by Moody’s and S&P in connection with their ratings process), it being agreed that there is no obligation to maintain
any particular ratings at any time.

 

6.13
Quarterly Lender Calls. The Parent Borrower shall participate in conference calls
with the Lenders within reasonable times to be mutually agreed following (i) the delivery of the financial statements pursuant
to Section 6.1(a) and (ii) the delivery of the financial statements pursuant to Section 6.1(b), in each case to discuss the results
of operations for the relevant reporting period including discussions of results for each material segment of the business of
the Parent Borrower and its Restricted Subsidiaries.

 

6.14
Post-Closing Covenants. Satisfy, to the extent not satisfied as of the Closing Date, the requirements set forth in Schedule
6.14 within the time periods after the Closing Date specified in Schedule 6.14 (or, in each case, such later date as the Administrative
Agent may agree to in its reasonable discretion).

 

SECTION
7.NEGATIVE COVENANTS

 

Each
Borrower hereby jointly and severally agrees that, so long as the Commitments remain in effect, any Letter of Credit (other than
Letters of Credit that are cash collateralized or backstopped on terms reasonably satisfactory to the applicable Issuing Lender)
remains outstanding or any Loan or other amount (other than inchoate indemnification obligations) is owing to any Lender or the
Administrative Agent hereunder, such Borrower shall not, and shall not permit any of its Restricted Subsidiaries to, directly
or indirectly:

 

7.1
Financial Covenants. Solely with respect to the Revolving Facility:

 

(a)       Consolidated
Total Gross Leverage Ratio. Permit the Consolidated Total Gross Leverage Ratio as at the last day of any period of four consecutive
fiscal quarters of the Parent Borrower to exceed the 3.75 to 1.00.

 

(b)       Consolidated
Fixed Charge Coverage Ratio. Permit the Consolidated Fixed Charge Coverage Ratio for any period of four consecutive fiscal
quarters of the Parent Borrower to be less than 1.25 to 1.00.

 

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

 

(a)       Indebtedness
of any Loan Party under this Agreement (including Indebtedness in respect of any Incremental Facility) and any Permitted Refinancing
Indebtedness in respect of the Loans (any such Permitted Refinancing Indebtedness, the “Credit Agreement Refinancing
Indebtedness”); provided that (i) such Credit Agreement Refinancing Indebtedness, if secured, is secured only
by the Collateral on a pari passu or junior basis with the Obligations under this Agreement, (ii) no Person, other than
a Loan Party, shall be an obligor or guarantor with respect to any Credit Agreement Refinancing Indebtedness, (iii) the terms
of any such Credit Agreement Refinancing Indebtedness (excluding pricing, fees, rate floors and optional prepayment or redemption
terms) reflect market terms at the time of issuance thereof (but in no event shall any Credit Agreement Refinancing Indebtedness
have covenants and defaults, taken as a whole, materially more restrictive than those applicable to the Facility being refinanced
(other than any covenants or other provisions applicable only to periods after the Latest Maturity Date of the Facilities (as
in effect on the date of incurrence of such Credit Agreement Refinancing

 

     91

     

    

Indebtedness))),
(iv) such Credit Agreement Refinancing Indebtedness shall share ratably or less than ratably with (or, if junior in right of payment
or as to security, on a junior basis with respect to) any prepayments or repayments of the Loans (and Incremental Loans, if applicable)
and (v) such Credit Agreement Refinancing Indebtedness, if secured, shall be subject to intercreditor arrangements reasonably
satisfactory to the Administrative Agent;

 

(b)       Incremental
Equivalent Debt in an aggregate principal amount outstanding not to exceed the Incremental Availability Amount, and any Permitted
Refinancing Indebtedness in respect thereof;

 

(c)       Indebtedness
of the Parent Borrower or any Restricted Subsidiary owing to the Parent Borrower or any Restricted Subsidiary; provided
that (x) any Indebtedness of any Loan Party shall be unsecured and shall be subordinated in right of payment to the Obligations
on terms customary for intercompany subordinated Indebtedness, as reasonably determined by the Administrative Agent, and (y) any
such Indebtedness owing to any Loan Party shall be evidenced by a promissory note which shall have been pledged pursuant to the
Guarantee and Collateral Agreement;

 

(d)       Guarantee
Obligations incurred by any Group Member of obligations of any Group Member to the extent such obligations are not prohibited
hereunder; provided that (i) to the extent any such obligations are subordinated to the Obligations, any such related Guarantee
Obligations incurred by a Loan Party shall be subordinated to the guarantee of such Loan Party of the Obligations on terms no
less favorable to the Lenders than the subordination provisions of the obligations to which such Guarantee Obligation relates
and (ii) any Guarantee Obligations incurred by any Loan Party of obligations of a Restricted Subsidiary that is not a Loan Party
shall be permitted to the extent (x) permitted pursuant to Section 7.7(t) or Section 7.7(u) or (y) the aggregate amount of outstanding
Guarantee Obligation incurred pursuant to this clause (y), together with the aggregate principal amount of Indebtedness of Restricted
Subsidiaries that are not Loan Parties outstanding under Section 7.2(o) and Section 7.2(w), does not exceed the Non-Guarantor
Debt Basket (as of the date of incurrence pursuant to this clause (y));

 

(e)       Indebtedness
outstanding on the Closing Date and, to the extent in excess of $2,000,000 in principal amount, listed on Schedule 7.2(e) and
any Permitted Refinancing Indebtedness in respect thereof;

 

(f)       Indebtedness
(including Capital Lease Obligations) secured by Liens permitted by Section 7.3(g) in an aggregate principal amount not to exceed
at any one time outstanding the greater of (i) $50,000,000 and (ii) 30% of Consolidated EBITDA for the Applicable Reference Period;

 

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

 

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

 

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

 

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

 

     92

     

    

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

 

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

 

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

 

(n)       Indebtedness
in the form of purchase price adjustments (including in respect of working capital), seller notes, earnouts, deferred compensation,
indemnification or other contingent consideration obligations or arrangements representing acquisition consideration or deferred
payments of a similar nature incurred in connection with any Permitted Acquisitions or other Investments permitted under Section
7.7 (other than Investments permitted under clause 7.7(s)) or Dispositions permitted under Section 7.5 (other than Dispositions
permitted under Section 7.5(m)), and including all earnouts and seller notes outstanding as of the Closing Date;

 

(o)       (i)
Indebtedness of any Person that becomes a Restricted Subsidiary (or of any Person not previously a Restricted Subsidiary that
is merged or consolidated with or into the Parent Borrower or a Restricted Subsidiary in a transaction permitted hereunder) after
the Closing Date, or Indebtedness of any Person that is assumed by the Parent Borrower or any Restricted Subsidiary in connection
with an acquisition of assets by the Parent Borrower or such Restricted Subsidiary in a Permitted Acquisition; provided
that such Indebtedness exists at the time such Person becomes a Restricted Subsidiary (or is so merged or consolidated) or such
assets are acquired and is not created in contemplation of or in connection with such Person becoming a Restricted Subsidiary
(or such merger or consolidation) or such assets being acquired and (ii) Permitted Refinancing Indebtedness in respect of such
Indebtedness; provided that, after giving effect to any such Permitted Acquisition and such Indebtedness, no Event of Default
shall have occurred and be continuing or would result therefrom; provided further that the aggregate principal amount of
Indebtedness of Subsidiaries that are not Loan Parties outstanding under this Section 7.2(o), together with the aggregate principal
amount of Indebtedness of Restricted Subsidiaries that are not Loan Parties outstanding under Section 7.2(w) and the aggregate
amount of outstanding Guarantee Obligations incurred by Loan Parties of obligations of Restricted Subsidiaries that are not Loan
Parties pursuant to clause (ii)(y) of the proviso to Section 7.2(d), shall not exceed the Non-Guarantor Debt Basket (as of the
date of incurrence of Indebtedness pursuant to this Section 7.2(o));

 

(p)       [reserved];

 

(q)       [reserved];

 

(r)       [reserved];

 

(s)       Indebtedness
of any Restricted Subsidiaries that are not Loan Parties under working capital credit facilities in an aggregate outstanding principal
amount not to exceed the greater of (i) $25,000,000 and (ii) 15% of Consolidated EBITDA for the Applicable Reference Period, and
any Permitted Refinancing Indebtedness in respect thereof;

 

(t)       [reserved];

 

     93

     

    

(u)       [reserved];

 

(v)       Indebtedness
of the Parent Borrower or any of its Restricted Subsidiaries arising out of any Permitted Receivables Facility; and

 

(w)       additional
Indebtedness of the Parent Borrower or any of its Restricted Subsidiaries in an aggregate principal amount (for the Parent Borrower
and all Restricted Subsidiaries) not to exceed at any time outstanding the greater of (i) $50,000,000 and
(ii) 30% of Consolidated EBITDA for the Applicable Reference Period; provided
that the aggregate principal amount of Indebtedness of Subsidiaries that are not Loan Parties outstanding under this Section
7.2(w), together with the aggregate principal amount of Indebtedness of Subsidiaries that are not Loan Parties outstanding under
Section 7.2(o) and the aggregate amount of outstanding Guarantee Obligations incurred by Loan Parties of obligations of Restricted
Subsidiaries that are not Loan Parties pursuant to clause (ii)(y) of the proviso to Section 7.2(d), shall not exceed the Non-Guarantor
Debt Basket (as of the date of incurrence of Indebtedness pursuant to this Section 7.2(w));

 

(x)       Attributable
Indebtedness in an aggregate principal amount not to exceed $25,000,000 at any time outstanding, which Attributable Indebtedness
arises out of a sale and leaseback transaction permitted under Section 7.5(p);

 

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

 

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

 

provided
that notwithstanding anything to the contrary in this Section 7.2, no Loan Party shall have any Guarantee Obligations in respect
of Indebtedness of a Restricted Subsidiary incurred pursuant to Section 7.2(s).

 

For
purposes of determining compliance with this ‎Section 7.2, (X) in the event that an item of Indebtedness meets the criteria
of more than one of the categories of Indebtedness described in clauses ‎(a) through ‎(z) above, the Parent Borrower may,
in its sole discretion, divide or classify or later divide, classify or reclassify all or a portion of such item of Indebtedness
in a manner that complies with this Section 7.2 and will only be required to include the amount and type of such Indebtedness
in one or more of the above clauses; provided that all Indebtedness outstanding under the Loan Documents and any Permitted
Refinancing thereof, will at all times be deemed to be outstanding in reliance only on the exception in ‎Section 7.2(a) and
(Y) if such exceptions and baskets includes a combination of Fixed Amounts (including any related builder or grower component)
and Incurrence-Based Amounts permitted in concurrent transactions, a single transaction or a series of related transactions, the
determination of utilization of such amounts shall be made in accordance with Section 1.2(f).

 

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

 

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

 

     94

     

    

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

 

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

 

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

 

(e)       easements,
rights-of-way, restrictions and other similar encumbrances incurred in the ordinary course of business that, in the aggregate,
are not substantial in amount and that do not in any case materially detract from the value of the property subject thereto or
materially interfere with the ordinary conduct of the business of the Parent Borrower or any of its Restricted Subsidiaries;

 

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

 

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

 

(h)       Liens
on the Collateral created pursuant to the Security Documents;

 

(i)       any
interest or title of a lessor, licensor, sublicensor or sublessor under any lease, license, sublicense or sublease entered into
by any Group Member in the ordinary course of its business and covering only the assets so leased, licensed, sublicensed or subleased;

 

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

 

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

 

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

 

     95

     

    

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

 

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

 

(o)       Liens
on property (including Capital Stock) existing at the time of the acquisition of such property by any Group Member in a Permitted
Acquisition to the extent the Liens on such assets secure Indebtedness permitted by Section 7.2(o) or other obligations permitted
by this Agreement; provided that such Liens attach at all times only to the same assets or category of assets that such
Liens (other than after acquired property that is affixed or incorporated into the property covered by such Lien) attached to,
and secure only the same Indebtedness or obligations (or any Permitted Refinancing Indebtedness in respect thereof permitted by
Section 7.2(o)) that such Liens secured, immediately prior to such Permitted Acquisition (it being understood that any expansion
of such Liens otherwise permitted pursuant to another clause of this Section 7.2 may be incurred under such other clause of this
Section 7.2 permitting such expansion)); provided further that after giving effect to any such permitted acquisition and
such Indebtedness or other obligations, no Event of Default shall have occurred and be continuing or would result therefrom;

 

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

 

(q)       non-exclusive
licenses, sublicenses, leases and subleases of Intellectual Property of any Group Member in the ordinary course of business;

 

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

 

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

 

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

 

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

 

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

 

     96

     

    

(w)       Liens
on assets of any Restricted Subsidiary that is not a Loan Party securing Indebtedness incurred by non-Loan Parties pursuant to
Section 7.2;

 

(x)       Liens
securing Incremental Equivalent Debt or any Permitted Refinancing Indebtedness in respect thereof; provided that such Liens
shall be subject to (x) with respect to Incremental Equivalent Debt incurred by Loan Parties secured on a junior basis to the
Obligations, a customary “junior lien” intercreditor agreement in form and substance reasonably satisfactory to the
Administrative Agent and the Parent Borrower and (y) with respect to Incremental Equivalent Debt incurred by Loan Parties secured
on a pari passu basis with the Obligations, a customary “pari passu” intercreditor agreement in form
and substance reasonably satisfactory to the Administrative Agent and the Parent Borrower;

 

(y)       Liens
that arise or may be deemed to arise from any Permitted Receivables Facility that extend only to the accounts receivable subject
thereto;

 

(z)       Liens
not otherwise permitted by this Section so long as the aggregate outstanding principal amount of the obligations secured thereby
does not exceed (as to all Group Members) the greater of (i) $50,000,000 and
(ii) 30% of Consolidated EBITDA for the Applicable Reference Period; and

 

(aa)Liens
on property purportedly rented to, or leased by, the Parent Borrower or any of its Restricted Subsidiaries pursuant to a sale
and leaseback transaction permitted under Section 7.5(p); provided that (i) such Liens do not encumber any other property
of the Parent Borrower or its Restricted Subsidiaries and (ii) such Liens secure only Indebtedness permitted under Section 7.2(x).

 

For
purposes of determining compliance with this Section 7.3, (X) in the event that a Lien securing an item of Indebtedness (or any
portion thereof) meets the criteria for more than one of the categories of Liens described in clauses (a) through (aa) above,
the Parent Borrower may, in its sole discretion, divide or classify or later divide, classify or reclassify all or a portion of
such Lien in a manner that complies with this Section 7.3 and will only be required to include the amount and type of such Lien
in one or more of the above clauses; provided that all Liens securing Indebtedness outstanding under the Loan Documents
and any Permitted Refinancing thereof, will at all times be deemed to be outstanding in reliance only on the exception in Section
7.3(h) and (Y) if such exceptions and baskets includes a combination of Fixed Amounts (including any related builder or grower
component) and Incurrence-Based Amounts permitted in concurrent transactions, a single transaction or a series of related transactions,
the determination of utilization of such amounts shall be made in accordance with Section 1.2(f).

 

7.4
Fundamental Changes. Enter into any merger, consolidation or amalgamation, or divide, liquidate, wind up or dissolve itself
(or suffer any division, liquidation or dissolution), or Dispose of all or substantially all of its property or business, except
that:

 

(a)       any
Restricted Subsidiary of the Parent Borrower may be merged or consolidated with or into the Parent Borrower or any Subsidiary
Borrower (provided that the Parent Borrower or such Subsidiary Borrower, as applicable, shall be the continuing or surviving
entity) or with or into any other Restricted Subsidiary (provided, that when any Subsidiary Guarantor is merging with or
into another Restricted Subsidiary (other than a Subsidiary Borrower), such Subsidiary Guarantor shall be the continuing or surviving
entity or the continuing or surviving entity shall, substantially simultaneously with such merger or consolidation, become a Subsidiary
Guarantor; provided further that when any Subsidiary Borrower is merging with or into another Restricted Subsidiary, the
continuing or surviving entity shall be such Subsidiary Borrower or the continuing or surviving entity shall, simultaneously with
such merger or consolidation, become a Subsidiary Borrower in accordance with Section 2.27 and assume the obligations of such
Subsidiary Borrower under this Agreement and the other Loan Documents);

 

     97

     

    

(b)       any
Restricted Subsidiary may merge, consolidate or amalgamate with any other Person (other than the Parent Borrower) in order to
effect an Investment permitted pursuant to Section 7.7; provided that (x) if such Restricted Subsidiary is a Subsidiary
Guarantor the continuing or surviving Person shall be a Subsidiary Guarantor and (y) if such Restricted Subsidiary is a Subsidiary
Borrower, such Subsidiary Borrower shall be the continuing or surviving Person or the continuing or surviving Person shall, simultaneously
with such merger, consolidation or amalgamation, become a Subsidiary Borrower in accordance with Section 2.27 and assume the obligations
of such Subsidiary Borrower under this Agreement and the other Loan Documents;

 

(c)       any
Restricted Subsidiary of the Parent Borrower may Dispose of any or all of its assets (i) to any Borrower or any Subsidiary Guarantor
(upon voluntary liquidation or otherwise) or (ii) pursuant to a Disposition permitted by Section 7.5; provided that no
Subsidiary Borrower shall be permitted to Dispose of all or substantially all of its assets pursuant to this Section 7.4(c) to
any Person, other than to a Borrower who has assumed the obligations of such Subsidiary Borrower under this Agreement and the
other Loan Documents, if such Subsidiary Borrower has any outstanding Loans or Reimbursement Obligations; and

 

(d)       any
Restricted Subsidiary of the Parent Borrower that is not a Subsidiary Guarantor or a Subsidiary Borrower may (i) dispose of any
or all or substantially all of its assets to any Group Member (upon voluntary liquidation or otherwise) or (ii) liquidate or dissolve
if the Parent Borrower determines in good faith that such liquidation or dissolution is in the best interest of the Parent Borrower
and is not materially disadvantageous to the Administrative Agent or the Lenders.

 

7.5
Disposition of Property. Dispose (including by division) of any of its property, whether now owned or hereafter acquired,
or, in the case of any Restricted Subsidiary, issue or sell any shares of such Restricted Subsidiary’s Capital Stock to
any Person, except:

 

(a)       the
Disposition of surplus, outdated, obsolete or worn out property (other than accounts receivable or inventory) in the ordinary
course of business;

 

(b)       Dispositions
of inventory, cash and Cash Equivalents in the ordinary course of business;

 

(c)       Dispositions
permitted by Section 7.4(c)(i) or Section 7.4(d)(i);

 

(d)       the
sale or issuance of any Restricted Subsidiary’s Capital Stock to any Borrower or any Subsidiary Guarantor;

 

(e)       Dispositions
of accounts receivable in connection with the compromise, settlement or collection thereof in the ordinary course of business
consistent with past practice and not as part of any accounts receivables financing transaction;

 

(f)       Dispositions
of assets (including as a result of like-kind exchanges) to the extent that (i) such assets are exchanged for credit (on a fair
market value basis) against the purchase price of similar or replacement assets or (ii) such asset is Disposed of for fair market
value and the proceeds of such Disposition are promptly applied to the purchase price of similar or replacement assets;

 

(g)       Dispositions
resulting from any casualty or other insured damage to, or any taking under power of eminent domain or by condemnation or similar
proceeding of, any asset of any Group Member;

 

     98

     

    

(h)       non-exclusive
licenses or sublicenses of Intellectual Property in the ordinary course of business, to the extent that they do not materially
interfere with the business of the Parent Borrower or any Restricted Subsidiary;

 

(i)       the
abandonment, cancellation, non-renewal or discontinuance of use or maintenance of non-material Intellectual Property or rights
relating thereto that the Parent Borrower determines in its reasonable judgment to be desirable to the conduct of its business
and not materially disadvantageous to the interests of the Lenders;

 

(j)       licenses,
leases or subleases entered into in the ordinary course of business, to the extent that they do not materially interfere with
the business of the Parent Borrower or any Restricted Subsidiary;

 

(k)       Dispositions
to any Group Member; provided that any such Disposition involving a Restricted Subsidiary that is not a Loan Party shall
be made in compliance with Sections 7.7 and 7.9;

 

(l)       (i)
Dispositions of assets to the extent that such Disposition constitutes an Investment referred to in and permitted by Section 7.7
(other than Investments referred to in and permitted by Section 7.7(s)), (ii) Dispositions of assets to the extent that such Disposition
constitute a Restricted Payment referred to in and permitted by Section 7.6 and (iii) Dispositions set forth on Schedule 7.5(l);

 

(m)       Dispositions
by the Parent Borrower or any of its Restricted Subsidiaries of accounts receivable pursuant to any Permitted Receivables Facility;

 

(n)       other
Dispositions of assets (including Capital Stock); provided that (i) if the total fair market value of the assets subject
to any such Disposition or series of related Dispositions is in excess of $5,000,000, it shall be for fair market value (determined
as if such Disposition was consummated on an arm’s-length basis), (ii) at least 75% of the total consideration for any such
Disposition in excess of $10,000,000 received by the Parent Borrower and its Restricted Subsidiaries shall be in the form of cash
or Cash Equivalents, (iii) subject to Section 1.3, no Event of Default then exists or would result from such Disposition (except
if such Disposition is made pursuant to an agreement entered into at a time when no Event of Default exists) and (iv) the requirements
of Section 2.11(b), to the extent applicable, are complied with in connection therewith; provided, however, that
for purposes of clause (ii) above, the following shall be deemed to be cash: (A) any liabilities (as shown on the Parent Borrower’s
or such Restricted Subsidiary’s most recent balance sheet provided hereunder or in the footnotes thereto) of the Parent
Borrower or such Restricted Subsidiary (other than liabilities that are by their terms subordinated to the Obligations) that are
assumed by the transferee with respect to the applicable Disposition and for which the Parent Borrower and its Restricted Subsidiaries
shall have been validly released by all applicable creditors in writing, (B) any securities received by the Parent Borrower or
such Restricted Subsidiary from such transferee that are converted by the Parent Borrower or such Restricted Subsidiary into cash
or Cash Equivalents (to the extent of the cash or Cash Equivalents received in the conversion) within 180 days following the closing
of the applicable Disposition and (C) any Designated Non-Cash Consideration received by the Parent Borrower or any of its Restricted
Subsidiaries in such Disposition having an aggregate fair market value, taken together with all other Designated Non-Cash Consideration
received pursuant to this Section 7.5(n) that is at that time outstanding, not to exceed the greater of (1) $50,000,000 and (2)
30% of Consolidated EBITDA for the Applicable Reference Period (or, at the Parent Borrower’s election, as of the date of
entry into a binding agreement with respect to such Disposition) (with the fair market value of each item of Designated Non-Cash
Consideration being measured at the time received and without giving effect to subsequent changes in value);

 

     99

     

    

(o)       other
Dispositions involving assets having a fair market value of not more than, in any fiscal year, the greater of (i) $5,000,000 and
(ii) 3% of Consolidated EBITDA for the Applicable Reference Period;

 

(p)       sale
and leaseback transactions so long as either (x) the Parent Borrower is in compliance on a Pro Forma Basis with a
Consolidated Total Net Leverage Ratio not to exceed 3.002.50
to 1.00 or (y) the aggregate amount of such sale and leaseback transactions does not exceed $25,000,000; and

 

(q)       Dispositions
of assets that do not constitute Collateral having an aggregate fair market value per fiscal year not exceeding $5,000,000; provided
that any such amount not so used to make Dispositions in the fiscal year for which it is permitted may be carried over to
make Dispositions in succeeding fiscal years.

 

7.6
Restricted Payments. Declare or pay any dividend (other than dividends payable solely in common stock of the Person making
such dividend) on, or make any payment on account of, or set apart assets for a sinking or other analogous fund for, the purchase,
redemption, defeasance, retirement or other acquisition of, any Capital Stock of any Group Member, whether now or hereafter outstanding,
or make any other distribution in respect thereof, either directly or indirectly, whether in cash or property or in obligations
of any Group Member (collectively, “Restricted Payments”), except that:

 

(a)       any
Restricted Subsidiary may make Restricted Payments ratably to its equity holders (or if not ratably, on a basis more favorable
to the Parent Borrower and the other Loan Parties);

 

(b)       so
long as no Event of Default shall have occurred and be continuing, the Parent Borrower may purchase its common stock or common
stock options from present or former officers or employees of any Group Member upon the death, disability or termination of employment
of such officer or employee, provided, that the aggregate amount of payments in any fiscal year under this Section 7.6(b)
after the Closing Date (net of any proceeds received by the Parent Borrower after the Closing Date in connection with resales
of any common stock or common stock options so purchased) shall not exceed $5,000,000; provided further that any such amount
not so used to make such purchases in the fiscal year for which it is permitted may be carried over to make such purchases in
next two succeeding fiscal years only;

 

(c)       the
Parent Borrower may declare and pay dividends with respect to its Capital Stock payable solely in shares of Qualified Capital
Stock;

 

(d)       the
Parent Borrower may make cash payments in lieu of the issuance of fractional shares representing insignificant interests in the
Parent Borrower in connection with the exercise of warrants, options or other securities convertible into or exchangeable for
Capital Stock in the Parent Borrower;

 

(e)       the
Parent Borrower may acquire its Capital Stock upon the exercise of stock options for such Capital Stock of the Parent Borrower
if such Capital Stock represents a portion of the exercise price of such stock options or in connection with tax withholding obligations
arising in connection with the exercise of options by, or the vesting of restricted Capital Stock held by, any current or former
director, officer or employee of any Group Member;

 

(f)       the
Parent Borrower may convert or exchange any of its Capital Stock for or into Qualified Capital Stock;

 

     100

     

    

(g)       the
Parent Borrower may on any date make Restricted Payments in an amount equal to the Available Amount on such date so
long as no Event of Default shall have occurred and be continuing or would result therefrom (other than in the case of any such
Restricted Payment made under the Available Amount Grower Prong); provided that, with respect to any such Restricted
Payment made under the Available Amount Grower Prong, (i) no Event of Default under clauses (a) or (f) of Section 8 shall have
occurred and be continuing or would result therefrom and (ii) at the time of the making of any such Restricted Payments and immediately
after giving effect to such Restricted Payments, the Cash Interest Coverage Ratio for the Applicable Reference Period, calculated
on a Pro Forma Basis, shall not be less than 2.00 to 1.00;

 

(h)       so
long as no Event of Default shall have occurred and be continuing or would result therefrom, the Parent Borrower may on any date
make Restricted Payments in an aggregate amount not to exceed from and after the Closing Date the
greater of (i) $35,000,000 and (ii) 21% of Consolidated EBITDA for the Applicable Reference Period$20,000,000;
provided that amounts available for Restricted Payments under this Section 7.6(h) may be reallocated, without duplication,
to make Investments and/or Restricted Debt Payments pursuant to Section 7.7(u) and Section 7.8(a)(iv), respectively;

 

(i)       so
long as no Event of Default shall have occurred and be continuing or would result therefrom, the Parent Borrower may on
any date make Restricted Payments; provided that at the time of the making of any such Restricted Payments and
immediately after giving effect to such Restricted Payments, the Consolidated Total Net Leverage Ratio for the Applicable
Reference Period, calculated on a Pro Forma Basis, is not in excess of 2.251.00
to 1.00;

 

(j)       so
long as no Event of Default shall have occurred and be continuing or would result therefrom, the Parent Borrower may on any date
pay dividends to its shareholders in an aggregate amount not to exceed in any fiscal year 6.00% of Market Capitalization; and

 

(k)       dividends,
distributions or redemptions in connection with the Transactions (including payment of working capital, indemnities and/or purchase
price adjustments and Transaction Costs and payments in respect of appraisal rights).

 

For
purposes of determining compliance with this ‎Section 7.6, (X) in the event that a Restricted Payment meets the criteria of
more than one of the categories of Restricted Payments described in clauses ‎(a) through ‎(j) above, the Parent Borrower
may, in its sole discretion, divide or classify or later divide, classify or reclassify all or a portion of such Restricted Payment
in a manner that complies with this Section 7.6 and will only be required to include the amount and type of such Restricted
Payment in one or more of the above clauses and (Y) if such exceptions and baskets includes a combination of Fixed Amounts (including
any related builder or grower component) and Incurrence-Based Amounts permitted in concurrent transactions, a single transaction
or a series of related transactions, the determination of utilization of such amounts shall be made in accordance with Section 1.2(f).

 

7.7
Investments. Make any advance, loan, extension of credit (by way of guaranty or otherwise) or capital contribution to,
or purchase any Capital Stock, bonds, notes, debentures or other debt securities of, or any assets constituting a business unit
of, or make any other investment in, any other Person (all of the foregoing, “Investments”), except:

 

(a)       extensions
of trade credit in the ordinary course of business;

 

(b)       investments
in cash and Cash Equivalents;

 

     101

     

    

(c)       Guarantee
Obligations permitted by Section 7.2 (other than (i) any Guarantee Obligations incurred under clause (ii)(x) of the proviso to
Section 7.2(d), which Guarantee Obligations shall solely be permitted to the extent permitted pursuant to Section 7.7(t) or Section
7.7(u) and (ii) any Guarantee Obligations incurred under Section 7.2(z), which Guarantee Obligations shall solely be permitted
to the extent permitted pursuant to Section 7.7(v));

 

(d)       loans
and advances to directors, officers and employees of any Group Member in the ordinary course of business (including for travel,
entertainment and relocation expenses) in an aggregate amount for the Parent Borrower and its Restricted Subsidiaries not to exceed
$10,000,000 at any one time outstanding;

 

(e)       Investments
pursuant to the Transactions;

 

(f)       Investments
in assets useful in the business of the Parent Borrower and its Restricted Subsidiaries, other than current assets, made by any
Group Member with the proceeds of any Reinvestment Deferred Amount;

 

(g)       intercompany
Investments by any Group Member in any other Group Member; provided that any such Investments in the form of intercompany
loans by any Loan Party to any Restricted Subsidiary that is not a Loan Party shall be evidenced by notes that have been pledged
to the Administrative Agent for the benefit of the Secured Parties;

 

(h)       any
Permitted Acquisition;

 

(i)       promissory
notes and other non-cash consideration received in connection with Dispositions permitted by Section 7.5;

 

(j)       Investments
acquired as a result of the purchase or other acquisition by any Group Member in connection with a Permitted Acquisition; provided,
that such Investments were not made in contemplation of such Permitted Acquisition and were in existence at the time of such Permitted
Acquisition;

 

(k)       Investments
of the Parent Borrower, the Target and the Restricted Subsidiaries existing on the Closing Date and, to the extent the amount
of such Investment exceeds $2,500,000, set forth on Schedule 7.7(k) and any modification, refinancing, renewal, refunding, replacement
or extension thereof; provided that the amount of any Investment permitted pursuant to this Section 7.7(k) is not increased
from the amount of such Investment on the Closing Date;

 

(l)       Investments
received in connection with the bankruptcy or reorganization of, or settlement of delinquent accounts and disputes with, customers
and suppliers, in each case in the ordinary course of business;

 

(m)       Investments
of a Restricted Subsidiary acquired after the Closing Date or of a corporation merged into the Parent Borrower or merged or consolidated
with any Restricted Subsidiary, in each case in accordance with Section 7.4 after the Closing Date, to the extent that such Investments
were not made in contemplation of or in connection with such acquisition, merger or consolidation and were in existence on the
date of such acquisition, merger or consolidation;

 

(n)       Guarantees
by the Parent Borrower or any Restricted Subsidiary of leases (other than Capital Lease Obligations) or of other obligations that
do not constitute Indebtedness, in each case entered into in the ordinary course of business;

 

     102

     

    

(o)       Investments
made to effect the pledges and deposits described in, and permitted under, Section 7.3(c) and (d);

 

(p)       Investments
by the Parent Borrower or any Restricted Subsidiary that result solely from the receipt by the Parent Borrower or such Restricted
Subsidiary from any of its Subsidiaries of a dividend or other Restricted Payment in the form of Capital Stock, evidences of Indebtedness
or other securities (but not any additions thereto made after the date of the receipt thereto);

 

(q)       mergers
and consolidations permitted under Section 7.4 that do not involve any Person other than the Parent Borrower and Restricted Subsidiaries
that are Wholly Owned Subsidiaries;

 

(r)       Investments
in an aggregate amount not to exceed the Available Amount at such time; so
long as no Event of Default shall have occurred and be continuing or would result therefrom (other than in the case of any such
Investment made under the Available Amount Grower Prong); provided that, with respect to any such Investment made under the Available
Amount Grower Prong, (i) no Event of Default under clauses (a) or (f) of Section 8 shall have occurred and be continuing or would
result therefrom and (ii) at the time of the making of any such Investment and immediately after giving effect to such Investment,
the Cash Interest Coverage Ratio for
the Applicable Reference Period,
calculated
on a Pro Forma Basis,
shall not be less than 2.00 to 1.00;

 

(s)       Investments
in any Receivables Subsidiary made to effect any Permitted Receivables Facility;

 

(t)       other
Investments, if, at the time of such Investment, the Consolidated Total Net Leverage Ratio for the Applicable Reference
Period, calculated on a Pro Forma Basis, is not in excess of 2.751.50
to 1.00;

 

(u)       in
addition to Investments otherwise expressly permitted by this Section, Investments by the Parent Borrower or any of its Restricted
Subsidiaries in an aggregate amount (valued at cost), taken together with all other outstanding Investments made pursuant to this
Section 7.7(u), not to exceed from and after the Closing Date the greater of (i) $50,000,000 and (ii) 30% of Consolidated EBITDA
for the Applicable Reference Period;

 

(v)       any
Investment in any Joint Venture; provided that the aggregate outstanding amount of the Investments consummated pursuant
to this Section 7.7(v) (valued at cost) shall not exceed at any time outstanding the greater of (i) $50,000,000 and (ii) 30% of
Consolidated EBITDA for the Applicable Reference Period;

 

(w)       Investments,
taken together with all other outstanding Investments made pursuant to this Section 7.7(w), in an aggregate amount (valued at
cost) not to exceed the Net Cash Proceeds (Not Otherwise Applied) received after the Closing Date and on or prior to such date
from any issuance of Qualified Capital Stock by the Parent Borrower (other than any such issuance to a Group Member);

 

(x)       any
Investment in any Unrestricted Subsidiary; provided that the aggregate outstanding amount of the Investments consummated
pursuant to this Section 7.7(x) (valued at cost) shall not exceed at any time outstanding the greater of (i) $25,000,000 and (ii)
15% of Consolidated EBITDA for the Applicable Reference Period;

 

(y)       any
Investment in a similar business; provided that the aggregate outstanding amount of the Investments consummated pursuant
to this Section 7.7(y) (valued at cost) shall

 

     103

     

    

not
exceed at any time outstanding the greater of (i) $50,000,000 and (ii) 30% of Consolidated EBITDA for the Applicable Reference
Period; and

 

(z)       Investments
in connection with purchases by the Target’s Subsidiaries of the Capital Stock of Cinos Co., Ltd. pursuant to the Cinos
Stock Purchase Agreements.

 

For
purposes of determining compliance with this ‎Section 7.7, (X) in the event that an Investment meets the criteria
of more than one of the categories of Investments described in clauses ‎(a) through ‎(w) above, the Parent Borrower
may, in its sole discretion, divide or classify or later divide, classify or reclassify all or a portion of such Investment
in a manner that complies with this Section 7.7 and will only be required to include the amount and type of such Investment
in one or more of the above clauses and, (Y)
if such exceptions and baskets includes a combination of Fixed Amounts (including any related builder or grower component)
and Incurrence-Based Amounts permitted in concurrent transactions, a single transaction or a series of related
transactions, the determination of utilization of such amounts shall be made in accordance with Section 1.2(f) and
(Z)  Investments in Unrestricted Subsidiaries may only be made pursuant to Section 7.7(x). 

 

7.8
Optional Payments and Modifications of Certain Debt Instruments. (a) Make or offer to make any optional or voluntary payment,
prepayment, repurchase or redemption of or otherwise optionally or voluntarily defease or segregate funds with respect to any
Junior Indebtedness (any of the foregoing, a “Restricted Debt Payment”) other than: 

 

(i)       refinancings
of Junior Indebtedness with the proceeds of Permitted Refinancing Indebtedness permitted in respect thereof under Section 7.2;

 

(ii)       payments
of or in respect of Junior Indebtedness made solely with Qualified Capital Stock or the conversion of any Junior Indebtedness
into Qualified Capital Stock;

 

(iii)       prepayments
of intercompany Junior Indebtedness permitted hereunder owed by the Parent Borrower or any Restricted Subsidiary to the Parent
Borrower or any Restricted Subsidiary; provided that no prepayment of any Junior Indebtedness owed by any Loan Party to
any Restricted Subsidiary that is not a Loan Party shall be permitted so long as a Default or Event of Default shall have occurred
and be continuing or would result therefrom;

 

(iv)       so
long as no Event of Default has occurred and is continuing or would result therefrom, Restricted Debt Payments in an aggregate
amount not to exceed from and after the Closing Date the greater of (i) $35,000,000 and (ii)
21% of Consolidated EBITDA for the Applicable Reference Period$20,000,000;
provided that amounts available for Restricted Debt Payments under this Section 7.8(a)(iv) may be reallocated, without
duplication, to make Investments pursuant to Section 7.7(u);

 

(v)       Restricted
Debt Payments in an amount equal to the Available Amount on such date
so long as no Event of Default shall have occurred and be continuing or would result therefrom (other than in the case of any
such Restricted Debt Payment made under the Available Amount Grower Prong); provided that, with respect to
any such Restricted Debt Payment made under the Available Amount Grower Prong, (i) no Event of Default under clauses (a) or
(f) of Section 8 shall have occurred and be continuing or would result therefrom and (ii) at the time of the making of any
such Restricted Debt Payments and immediately after giving effect to such Restricted Debt Payments, the Cash Interest
Coverage Ratio for the Applicable Reference Period, calculated on a Pro Forma Basis, shall not be less than 2.00 to 1.00;
and

 

     104

     

    

(vi)       in
addition to the other Restricted Debt Payments permitted by this Section 7.8 and so long as no Event of Default has occurred
and is continuing or would result therefrom, Restricted Debt Payments if, at the time of making such Restricted Debt Payment
and immediately after giving effect thereto, the Consolidated Total Net Leverage Ratio for the Applicable Reference Period,
calculated on a Pro Forma Basis, is not in excess of 2.501.25
to 1.00.

 

Notwithstanding
anything to the contrary contained in this Section 7.8(a), in no event shall any payment in respect of Subordinated Indebtedness
be permitted if such payment is in violation of the subordination provisions of such Subordinated Indebtedness.

 

For
purposes of determining compliance with this ‎Section 7.8(a), (X) in the event that a Restricted Debt Payment meets the criteria
of more than one of the categories of Restricted Debt Payments described in clauses ‎(i) through ‎(vii) above, the Parent
Borrower may, in its sole discretion, divide or classify or later divide, classify or reclassify all or a portion of such Restricted
Debt Payment in a manner that complies with this Section 7.8(a) and will only be required to include the amount and type of such
Restricted Debt Payment in one or more of the above clauses and (Y) if such exceptions and baskets includes a combination of Fixed
Amounts (including any related builder or grower component) and Incurrence-Based Amounts permitted in concurrent transactions,
a single transaction or a series of related transactions, the determination of utilization of such amounts shall be made in accordance
with Section 1.2(f).

 

(b)       Amend,
modify, waive or otherwise change, or consent or agree to any amendment, modification, waiver or other change to, any of the terms
of any Junior Indebtedness (other than any such amendment, modification, waiver or other change that would not materially and
adversely affect the interests of the Lenders.

 

7.9
Transactions with Affiliates. Enter into any transaction, including any purchase, sale, lease or exchange of property,
the rendering of any service or the payment of any management, advisory or similar fees, with any Affiliate (other than (x) transactions
between or among the Loan Parties, (y) transactions between or among the Parent Borrower and its Restricted Subsidiaries consistent
with past practices and made in the ordinary course of business and (z) transactions not involving aggregate consideration in
excess of $2,500,000) unless such transaction is (a) otherwise permitted under this Agreement and (b) upon fair and reasonable
terms no less favorable to the relevant Group Member than it would obtain in a comparable arm’s length transaction with
a Person that is not an Affiliate; provided that the foregoing restriction in clause (b) shall not apply to (i) transactions
permitted under Section 7.6; (ii) the payment of customary directors’ fees and indemnification and reimbursement of expenses
to directors, officers or employees; (iii) any issuance of securities or other payments, awards or grants in cash, securities
or otherwise pursuant to, or the funding of, employment agreements, stock options and stock ownership plans approved by the Parent
Borrower’s Board of Directors; (iv) employment and severance arrangements entered into in the ordinary course of business
between the Parent Borrower or any Restricted Subsidiary and any employee thereof and, to the extent entered into after the Closing
Date and providing an annual base salary or severance payments in excess of $1,000,000, approved by the Parent Borrower’s
Board of Directors; (v) intercompany transactions undertaken in good faith (as certified by a Responsible Officer) for the purpose
of improving the consolidated tax efficiency of the Group Members, (vi) Investments permitted by Section 7.7(d) and (vii) transactions
disclosed in the Parent Borrower’s SEC filings made prior to the Closing Date.

 

7.10
[Reserved].

 

7.11
Swap Agreements. Enter into any Swap Agreement, except (a) Swap Agreements entered into to hedge or mitigate risks to which
any Group Member has actual exposure (other than those in respect of Capital Stock), (b) Swap Agreements entered into in order
to effectively cap, collar or 

 

     105

     

    

exchange
interest rates (from fixed to floating rates, from one floating rate to another floating rate or otherwise) with respect to any
interest-bearing liability or investment of any Group Member and (c) Swap Agreements in existence as of the Closing Date and reflected
in the Parent Borrower’s filings with the SEC.

 

7.12
[Reserved]. 

 

7.13
Negative Pledge Clauses. Enter into or suffer to exist or become effective any agreement that prohibits or limits the ability
of any Group Member to create, incur, assume or suffer to exist any Lien upon any of its property or revenues, whether now owned
or hereafter acquired to secure its obligations under the Loan Documents to which it is a party other than (a) (i) this Agreement
and the other Loan Documents, (ii) any agreement governing any Indebtedness incurred pursuant to Section 7.2 to the extent such
prohibition or limitation is customary in agreements governing Indebtedness of such type and in any event so long as such agreement
is not more restrictive than the Loan Documents and (iii) any agreement governing any Permitted Refinancing Indebtedness in respect
of the Loans or Indebtedness incurred pursuant to Section 7.2, in each case, with respect to this clause (iii), so long as any
such agreement is not materially more restrictive than the documents governing the Indebtedness being refinanced, as applicable,
taken as a whole, (b) any agreements governing any purchase money Liens or Capital Lease Obligations otherwise permitted hereby
(in which case, any prohibition or limitation shall only be effective against the assets financed thereby), (c) any agreement
in effect at the time any Subsidiary becomes a Restricted Subsidiary of the Parent Borrower, so long as such prohibition or limitation
applies only to such Restricted Subsidiary (and, if applicable, its Subsidiaries) and such agreement was not entered into in contemplation
of such Person becoming a Restricted Subsidiary of the Parent Borrower, as such agreement may be amended, restated, supplemented,
modified extended renewed or replaced, so long as such amendment, restatement, supplement, modification, extension, renewal or
replacement does not expand in any material respect the scope of any restriction contemplated by this Section 7.13 contained therein,
(d) customary provisions restricting assignments, subletting, sublicensing, pledging or other transfers contained in leases, subleases,
licenses or sublicenses, so long as such restrictions are limited to the property or assets subject to such leases, subleases,
licenses or sublicenses, as the case may be,(e) customary restrictions and conditions contained in agreements relating to the
sale of a Restricted Subsidiary or any assets pending such sale, provided that such restrictions or conditions apply only
to the Restricted Subsidiary or assets that is to be sold and such sale is permitted hereunder and (f) customary restrictions
in the definitive documentation governing any Permitted Receivables Facility, so long as such restrictions relate only to the
accounts receivable subject to such Permitted Receivables Facility and/or to distributions from any Receivables Subsidiary.

 

7.14
Clauses Restricting Subsidiary Distributions. Enter into or suffer to exist or become effective any consensual encumbrance
or restriction on the ability of any Restricted Subsidiary of the Parent Borrower to (a) make Restricted Payments in respect of
any Capital Stock of such Restricted Subsidiary held by, or pay any Indebtedness owed to, any Group Member, (b) make loans or
advances to, or other Investments in, any Group Member or (c) transfer any of its assets to any Group Member, except for (i) any
encumbrances or restrictions existing under (A) this Agreement or the other Loan Documents, (B) any agreement governing Indebtedness
incurred pursuant to Section 7.2 so long as such encumbrance or restriction is customary in agreements governing Indebtedness
of such type and such encumbrance or restriction will not affect the ability of the Loan Parties to service the Loans or any other
Obligation or (C) any agreement governing Permitted Refinancing Indebtedness in respect of the Loans or any other Indebtedness
incurred pursuant to Section 7.2, in each case so long as any such agreement is not materially more restrictive, taken as a whole,
than the documents governing the Indebtedness being refinanced, as applicable, (ii) any encumbrances or restrictions with
respect to a Restricted Subsidiary imposed pursuant to an agreement that has been entered into in connection with the Disposition
of all or substantially all of the Capital Stock or assets of such Restricted Subsidiary, (iii) any encumbrance or restriction
applicable to a Restricted Subsidiary (and, if applicable, its Subsidiaries) under any agreement of such Restricted 

 

     106

     

    

Subsidiary
in effect at the time such Person becomes a Restricted Subsidiary of the Parent Borrower, so long as such agreement was not entered
into in contemplation of such Person becoming a Restricted Subsidiary of the Parent Borrower, as such agreement may be amended,
restated, supplemented, modified extended renewed or replaced, so long as such amendment, restatement, supplement, modification,
extension, renewal or replacement does not expand in any material respect the scope of any restriction contemplated by this Section
7.14 contained therein, (iv) customary provisions restricting assignments, subletting, sublicensing, pledging or other transfers
contained in leases, subleases, licenses or sublicenses, so long as such restrictions are limited to the property or assets subject
to such leases, subleases, licenses or sublicenses, as the case may be and (v) customary restrictions and conditions contained
in agreements relating to the sale of a Restricted Subsidiary or any assets pending such sale, provided that such restrictions
or conditions apply only to the Restricted Subsidiary or assets that is to be sold and such sale is permitted hereunder.

 

7.15
Lines of Business. Enter into any business, either directly or through any Restricted Subsidiary, except for those businesses
in which the Group Members were engaged on the Closing Date (after giving effect to the Closing Date Acquisition) or that are
reasonably related, ancillary or complementary thereto.

 

7..16
[Reserved].

 

7.17
Use of Proceeds. Request any Loan or Letter of Credit, and no Borrower shall use, and shall not permit its Restricted Subsidiaries
or its or their respective directors, officers, employees and agents to use, the proceeds of any Loan or Letter of Credit (a)
in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value,
to any Person in violation of any Anti-Corruption Laws, (b) for the purpose of funding, financing or facilitating any activities,
business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, to the extent that such activities, businesses
or transaction would be prohibited by Sanctions if conducted by a corporation incorporated in the United States or a European
Union member state or (c) in any manner that would result in the violation of any Sanctions applicable to any party hereto.

 

SECTION
8.EVENTS OF DEFAULT

 

8.1
Events of Default. If any of the following events shall occur and be continuing:

 

(a)       any
Borrower shall fail to pay any principal of any Loan or Reimbursement Obligation when due in accordance with the terms hereof;
or any Borrower shall fail to pay any interest on any Loan or Reimbursement Obligation, or any other amount payable hereunder
or under any other Loan Document, within five days after any such interest or other amount becomes due in accordance with the
terms hereof; or

 

(b)       any
representation or warranty made or deemed made by any Loan Party herein or in any other Loan Document or that is contained in
any certificate, document or financial or other statement furnished by it at any time under or in connection with this Agreement
or any such other Loan Document shall prove to have been inaccurate in any material respect on or as of the date made or deemed
made, and, with respect to any such default that is capable of being cured, such default shall continue unremedied for the 30
days from the earlier of the first date the Parent Borrower has knowledge of such misrepresentation and the date the Parent Borrower
receives notice from the Administrative Agent of such misrepresentation (it being understood that the period of time in the foregoing
shall not be additive to any grace period included in the applicable representation and warranty giving rise to such default);
or

 

     107

     

    

(c)       any
Loan Party shall default in the observance or performance of any agreement contained in clause (i) of Section 6.4(a) (with respect
to the Borrowers only), Section 6.7(a) or Section 7 of this Agreement; provided that a default in the observance or performance
of a financial covenant set forth in Section 7.1 will not constitute an Event of Default for purposes of the Term Facilities and
no Term Lender will be permitted to exercise any remedies with respect to an Event of Default in respect of such financial covenant
set forth in Section 7.1 until the date, if any, on which the Revolving Commitments have been terminated and the Revolving Loans
have been accelerated, in each case as a result of such default in the observance or performance of such financial covenant set
forth in Section 7.1; or

 

(d)       any
Loan Party shall default in the observance or performance of any other agreement contained in this Agreement or any other Loan
Document (other than as provided in paragraphs (a) through (c) of this Section), and such default shall continue unremedied for
a period of 30 days after notice to the Parent Borrower from the Administrative Agent or the Required Lenders; or

 

(e)       any
Group Member shall (i) default in making any payment of any principal of any Material Indebtedness (including any Guarantee Obligation,
but excluding the Loans) on the scheduled or original due date with respect thereto; or (ii) default in making any payment of
any interest on any such Material Indebtedness beyond the period of grace, if any, provided in the instrument or agreement under
which such Material Indebtedness was created; or (iii) default in the observance or performance of any other agreement or condition
relating to any such Material Indebtedness or contained in any instrument or agreement evidencing, securing or relating thereto,
or any other event shall occur or condition exist, the effect of which default or other event or condition is to cause, or to
permit the holder or beneficiary of such Indebtedness (or a trustee or agent on behalf of such holder or beneficiary) to cause,
with the giving of notice if required, such Material Indebtedness to become due prior to its stated maturity or (in the case of
any such Indebtedness constituting a Guarantee Obligation) to become payable; or

 

(f)       (i)
any Group Member shall commence any case, proceeding or other action (A) under any existing or future law of any jurisdiction,
domestic or foreign, relating to bankruptcy, insolvency, reorganization or relief of debtors, seeking to have an order for relief
entered with respect to it, or seeking to adjudicate it a bankrupt or insolvent, or seeking reorganization, arrangement, adjustment,
winding-up, liquidation, dissolution, composition or other relief with respect to it or its debts, or (B) seeking appointment
of a receiver, trustee, custodian, conservator or other similar official for it or for all or any substantial part of its assets;
or (ii) there shall be commenced against any Group Member any case, proceeding or other action of a nature referred to in clause
(i) above that (A) results in the entry of an order for relief or any such adjudication or appointment or (B) remains undismissed
or undischarged for a period of 60 days; or (iii) there shall be commenced against any Group Member any case, proceeding or other
action seeking issuance of a warrant of attachment, execution, distraint or similar process against all or any substantial part
of its assets that results in the entry of an order for any such relief that shall not have been vacated, discharged, or stayed
or bonded pending appeal within 60 days from the entry thereof; or (iv) any Group Member shall take any action in furtherance
of, or indicating its consent to, approval of, or acquiescence in, any of the acts set forth in clause (i), (ii), or (iii) above;
or (v) any Group Member shall generally not, or shall be unable to, or shall admit in writing its inability to, pay its debts
as they become due; or (vi) or any Group Member shall make a general assignment for the benefit of its creditors; or

 

(g)       (i)
an ERISA Event and/or a Foreign Plan Event shall have occurred; (ii) a trustee shall be appointed by a United States district
court to administer any Pension Plan; (iii) the PBGC shall institute proceedings to terminate any Pension Plan; (iv) any Group
Member or any of their respective ERISA Affiliates shall have been notified by the sponsor of a Multiemployer Plan that it has
incurred or will be assessed Withdrawal Liability to such Multiemployer Plan and such entity does not have reasonable grounds
for contesting such Withdrawal Liability or is not contesting such Withdrawal Liability in a timely and appropriate manner; or
(v) any other event or condition shall occur or exist with respect to a Plan, a

 

     108

     

    

Foreign
Benefit Arrangement, or a Foreign Plan; and in each case in clauses (i) through (v) above, such event or condition, together with
all other such events or conditions, if any, would reasonably be expected to result in a Material Adverse Effect; or

 

(h)       one
or more judgments or decrees shall be entered against any Group Member involving in the aggregate a liability (not paid or fully
covered by insurance as to which the relevant insurance company has acknowledged coverage) in excess of the Threshold Amount,
and all such judgments or decrees shall not have been vacated, discharged, stayed or bonded pending appeal within 30 days from
the entry thereof; or

 

(i)       any
of the Security Documents shall cease, for any reason, to be in full force and effect, or any Loan Party or any Affiliate of any
Loan Party shall so assert, or any Lien created by any of the Security Documents shall cease to be enforceable and of the same
effect and priority purported to be created thereby if the aggregate value of the affected Collateral is in excess of the Threshold
Amount, except (i) the release thereof as provided in the applicable Loan Document or Section 10.14 or (ii) as a result of the
failure of the Administrative Agent to maintain possession of any stock certificates, promissory notes or other instruments delivered
to it under the Guarantee and Collateral Agreement; or

 

(j)       the
guarantee contained in Article II of the Guarantee and Collateral Agreement shall cease, for any reason, to be in full force and
effect or any Loan Party or any Subsidiary of any Loan Party shall so assert; or

 

(k)       a
Change of Control shall occur;

 

then,
and in any such event, (A) if such event is an Event of Default specified in clause (i) or (ii) of paragraph (f) above with respect
to any Borrower, automatically the Commitments shall immediately terminate and the Loans (with accrued interest thereon) and all
other amounts owing under this Agreement and the other Loan Documents (including all amounts of L/C Obligations, whether or not
the beneficiaries of the then outstanding Letters of Credit shall have presented the documents required thereunder) shall immediately
become due and payable, and (B) if such event is any other Event of Default, either or both of the following actions may be taken:
(i) with the consent of the Required Lenders, the Administrative Agent may, or upon the request of the Required Lenders, the Administrative
Agent shall, by notice to the Parent Borrower declare the Revolving Commitments to be terminated forthwith, whereupon the Revolving
Commitments shall immediately terminate; and (ii) with the consent of the Required Lenders, the Administrative Agent may, or upon
the request of the Required Lenders, the Administrative Agent shall, by notice to the Parent Borrower, declare the Loans (with
accrued interest thereon) and all other amounts owing under this Agreement and the other Loan Documents (including all amounts
of L/C Obligations, whether or not the beneficiaries of the then outstanding Letters of Credit shall have presented the documents
required thereunder) to be due and payable forthwith, whereupon the same shall immediately become due and payable. With respect
to all Letters of Credit with respect to which presentment for honor shall not have occurred at the time of an acceleration pursuant
to this paragraph, the applicable Borrower shall at such time deposit in a cash collateral account opened by the Administrative
Agent an amount equal to the aggregate then undrawn and unexpired amount of such Letters of Credit. Amounts held in such cash
collateral account shall be applied by the Administrative Agent to the payment of drafts drawn under such Letters of Credit, and
the unused portion thereof after all such Letters of Credit shall have expired or been fully drawn upon, if any, shall be applied
to repay other obligations of the applicable Borrower hereunder and under the other Loan Documents. After all such Letters of
Credit shall have expired or been fully drawn upon, all Reimbursement Obligations shall have been satisfied and all other obligations
of the Borrowers hereunder and under the other Loan Documents shall have been paid in full, the balance, if any, in such cash
collateral account shall be returned to the applicable Borrower (or such other Person as may

 

     109

     

    

be
lawfully entitled thereto). Except as expressly provided above in this Section, presentment, demand, protest and all other notices
of any kind are hereby expressly waived by each Borrower.

 

In
addition to any other rights and remedies granted to the Administrative Agent and the Lenders in the Loan Documents, the Administrative
Agent on behalf of the Lenders may exercise all rights and remedies of a secured party under the New York Uniform Commercial Code
or any other applicable law. Without limiting the generality of the foregoing, the Administrative Agent, without demand of performance
or other demand, presentment, protest, advertisement or notice of any kind (except any notice required by law referred to below)
to or upon any Loan Party or any other Person (all and each of which demands, defenses, advertisements and notices are hereby
waived), may in such circumstances forthwith collect, receive, appropriate and realize upon the Collateral, or any part thereof,
or consent to the use by the Loan Parties of any cash collateral arising in respect of the Collateral on such terms as the Administrative
Agent deems reasonable, and/or may forthwith sell, lease, assign give an option or options to purchase or otherwise dispose of
and deliver, or acquire by credit bid on behalf of the Lenders, the Collateral or any part thereof (or contract to do any of the
foregoing), in one or more parcels at public or private sale or sales, at any exchange, broker’s board or office of the
Administrative Agent or any Lender or elsewhere, upon such terms and conditions as it may deem advisable and at such prices as
it may deem best, for cash or on credit or for future delivery, all without assumption of any credit risk. The Administrative
Agent or any Lender shall have the right upon any such public sale or sales, and, to the extent permitted by law, upon any such
private sale or sales, to purchase the whole or any part of the Collateral so sold, free of any right or equity of redemption
in any Loan Party, which right or equity is hereby waived and released. Each Borrower further agrees, at the Administrative Agent’s
request, to assemble, or cause the applicable Loan Party to assemble, the Collateral and make it available to the Administrative
Agent at places which the Administrative Agent shall reasonably select, whether at such Borrower’s or such Loan Party’s
premises or elsewhere. The Administrative Agent shall apply the net proceeds of any action taken by it pursuant to this Section
8, after deducting all reasonable costs and expenses of every kind incurred in connection therewith or incidental to the care
or safekeeping of any of the Collateral or in any other way relating to the Collateral or the rights of the Administrative Agent
and the Lenders hereunder, including reasonable attorneys’ fees and disbursements, to the payment in whole or in part of
the obligations of the Loan Parties under the Loan Documents, in such order as the Administrative Agent may elect, and only after
such application and after the payment by the Administrative Agent of any other amount required by any provision of law, including
Section 9-615(a)(3) of the New York UCC, need the Administrative Agent account for the surplus, if any, to any Loan Party. To
the extent permitted by applicable law, each Borrower on behalf of itself and the other Loan Parties, waives all claims, damages
and demands it or any other Loan Party may acquire against the Administrative Agent or any Lender arising out of the exercise
by them of any rights hereunder. If any notice of a proposed sale or other disposition of Collateral shall be required by law,
such notice shall be deemed reasonable and proper if given at least 10 days before such sale or other disposition.

 

8.2
Application of Payments.

 

Notwithstanding
anything herein to the contrary, following the occurrence and during the continuance of an Event of Default, and notice thereof
to the Administrative Agent by the Parent Borrower or the Required Lenders, all payments received on account of the Obligations
shall, subject to Section 2.23, be applied by the Administrative Agent as follows:

 

(i)       first,
to payment of that portion of the Obligations constituting fees, indemnities, expenses and other amounts payable to the Administrative
Agent (including fees and disbursements and other charges of counsel to the Administrative Agent payable under Section 10.5
and amounts pursuant to Section 2.08(b) payable to the Administrative Agent in its capacity as such);

 

     110

     

    

(ii)       second,
to payment of that portion of the Obligations constituting fees, expenses, indemnities and other amounts (other than principal,
Reimbursement Obligations, interest and Letter of Credit fees) payable to the Lenders and the Issuing Lenders (including fees
and disbursements and other charges of counsel to the Lenders and the Issuing Banks payable under Section 10.5) arising under
the Loan Documents, ratably among them in proportion to the respective amounts described in this clause (ii) payable to them;

 

(iii)       third,
to payment of that portion of the Obligations constituting accrued and unpaid Letter of Credit fees and charges and interest on
the Loans and Reimbursement Obligations, ratably among the Lenders and the Issuing Lenders in proportion to the respective amounts
described in this clause (iii) payable to them;

 

(iv)       fourth,
(A) to payment of that portion of the Obligations constituting unpaid principal of the Loans and Reimbursement Obligations
and obligations arising under Specified Cash Management Agreements and Specified Swap Agreements and (B) to cash collateralize
that portion of L/C Exposure comprising the undrawn amount of Letters of Credit to the extent not otherwise cash collateralized
by the Borrowers pursuant to Section 2.23 or 3.1, ratably among the Lenders and the Issuing Lenders in proportion to the
respective amounts described in this clause (iv) payable to them; provided that (x) any such amounts applied
pursuant to subclause (B) above shall be paid to the Administrative Agent for the ratable account of the applicable Issuing
Lenders to cash collateralize Obligations in respect of Letters of Credit, (y) subject to Section 2.23 or 3.1, amounts
used to cash collateralize the aggregate amount of Letters of Credit pursuant to this clause (iv) shall be used to satisfy
drawings under such Letters of Credit as they occur and (z) upon the expiration of any Letter of Credit (without any pending
drawings), the pro rata share of cash collateral shall be distributed to the other Obligations, if any, in the order set forth
in this Section 8.2;

 

(v)       fifth,
to the payment in full of all other Obligations, in each case ratably among the Administrative Agent, the Lenders and the Issuing
Lenders based upon the respective aggregate amounts of all such Obligations owing to them in accordance with the respective amounts
thereof then due and payable; and

 

(vi)       finally,
the balance, if any, after all Obligations have been indefeasibly paid in full, to the Borrowers or as otherwise required by law.

 

If
any amount remains on deposit as cash collateral after all Letters of Credit have either been fully drawn or expired (without
any pending drawings), such remaining amount shall be applied to the other Obligations, if any, in the order set forth above.

 

SECTION
9.THE AGENTS

 

9.1
Appointment. Each Lender hereby irrevocably designates and appoints the Administrative Agent as the agent of such Lender
under this Agreement and the other Loan Documents, and each such Lender irrevocably authorizes the Administrative Agent, in such
capacity, to take such action on its behalf under the provisions of this Agreement and the other Loan Documents and to exercise
such powers and perform such duties as are expressly delegated to the Administrative Agent by the terms of this Agreement and
the other Loan Documents, together with such other powers as are reasonably incidental thereto. Notwithstanding any provision
to the contrary elsewhere in this Agreement, the Administrative Agent shall not have any duties or responsibilities, except those
expressly set forth herein, or any fiduciary relationship with any Lender, and no implied covenants, functions, responsibilities,
duties, obligations or 

 

     111

     

    

liabilities
shall be read into this Agreement or any other Loan Document or otherwise exist against the Administrative Agent.

 

9.2
Delegation of Duties. The Administrative Agent may execute any of its duties under this Agreement and the other Loan Documents
by or through agents or attorneys-in-fact and shall be entitled to advice of counsel concerning all matters pertaining to such
duties. The Administrative Agent shall not be responsible for the negligence or misconduct of any agents or attorneys-in-fact
selected by it with reasonable care.

 

9.3
Exculpatory Provisions. No Agent nor any of their respective officers, directors, employees, agents, advisors, attorneys-in-fact
or affiliates shall be (i) liable for any action lawfully taken or omitted to be taken by it or such Person under or in connection
with this Agreement or any other Loan Document (except to the extent that any of the foregoing are found by a final and nonappealable
decision of a court of competent jurisdiction to have resulted from its or such Person’s (respectively) own gross negligence
or willful misconduct) or (ii) responsible in any manner to any of the Lenders for any recitals, statements, representations or
warranties made by any Loan Party or any officer thereof contained in this Agreement or any other Loan Document or in any certificate,
report, statement or other document referred to or provided for in, or received by the Agents under or in connection with, this
Agreement or any other Loan Document or for the value, validity, effectiveness, genuineness, enforceability or sufficiency of
this Agreement or any other Loan Document or for any failure of any Loan Party a party thereto to perform its obligations hereunder
or thereunder. The Agents shall not be under any obligation to any Lender to ascertain or to inquire as to the observance or performance
of any of the agreements contained in, or conditions of, this Agreement or any other Loan Document, or to inspect the properties,
books or records of any Loan Party.

 

9.4
Reliance by Administrative Agent. The Administrative Agent shall be entitled to rely, and shall be fully protected in relying,
upon any instrument, writing, resolution, notice, consent, certificate, affidavit, letter, facsimile or e-mail message, statement,
order or other document or conversation believed by it to be genuine and correct and to have been signed, sent or made by the
proper Person or Persons and upon advice and statements of legal counsel (including counsel to the Borrowers), independent accountants
and other experts selected by the Administrative Agent. The Administrative Agent may deem and treat the payee of any Note as the
owner thereof for all purposes unless a written notice of assignment, negotiation or transfer thereof shall have been filed with
the Administrative Agent. The Administrative Agent shall be fully justified in failing or refusing to take any action under this
Agreement or any other Loan Document unless it shall first receive such advice or concurrence of the Required Lenders (or, if
so specified by this Agreement, all Lenders) as it deems appropriate or it shall first be indemnified to its satisfaction by the
Lenders against any and all liability and expense that may be incurred by it by reason of taking or continuing to take any such
action. The Administrative Agent shall in all cases be fully protected in acting, or in refraining from acting, under this Agreement
and the other Loan Documents in accordance with a request of the Required Lenders (or, if so specified by this Agreement, all
Lenders), and such request and any action taken or failure to act pursuant thereto shall be binding upon all the Lenders and all
future holders of the Loans.

 

9.5
Notice of Default. The Administrative Agent shall not be deemed to have knowledge or notice of the occurrence of any Default
or Event of Default unless the Administrative Agent has received notice from a Lender or the Parent Borrower referring to this
Agreement, describing such Default or Event of Default and stating that such notice is a “notice of default”. In the
event that the Administrative Agent receives such a notice, the Administrative Agent shall give notice thereof to the Lenders.
The Administrative Agent shall take such action with respect to such Default or Event of Default as shall be reasonably directed
by the Required Lenders (or, if so specified by this Agreement, all Lenders); provided that unless and until the Administrative
Agent shall have received such directions, the 

 

     112

     

    

Administrative
Agent may (but shall not be obligated to) take such action, or refrain from taking such action, with respect to such Default or
Event of Default as it shall deem advisable in the best interests of the Lenders.

 

9.6
Non-Reliance on Agents and Other Lenders. Each Lender expressly acknowledges that none of the Agents nor any of their respective
officers, directors, employees, agents, advisors, attorneys-in-fact or affiliates have made any representations or warranties
to it and that no act by any Agent hereafter taken, including any review of the affairs of a Loan Party or any affiliate of a
Loan Party, shall be deemed to constitute any representation or warranty by any Agent to any Lender. Each Lender represents to
the Agents that it has, independently and without reliance upon any Agent, any Arranger or any amendment thereto or any other
Lender or any of their respective Related Parties, and based on such documents and information as it has deemed appropriate, made
its own appraisal of, and investigation into, the business, operations, property, financial and other condition and creditworthiness
of the Loan Parties and their affiliates and made its own decision to make its Loans hereunder and enter into this Agreement.
Each Lender also represents that it will, independently and without reliance upon any Agent, any Arranger or any amendment thereto
or any other Lender or any of their respective Related Parties, and based on such documents and information as it shall deem appropriate
at the time, continue to make its own credit analysis, appraisals and decisions in taking or not taking action under this Agreement
and the other Loan Documents, and to make such investigation as it deems necessary to inform itself as to the business, operations,
property, financial and other condition and creditworthiness of the Loan Parties and their affiliates. Except for notices, reports
and other documents expressly required to be furnished to the Lenders by the Administrative Agent hereunder, the Administrative
Agent shall not have any duty or responsibility to provide any Lender with any credit or other information concerning the business,
operations, property, condition (financial or otherwise), prospects or creditworthiness of any Loan Party or any affiliate of
a Loan Party that may come into the possession of the Administrative Agent or any of its officers, directors, employees, agents,
advisors, attorneys-in-fact or affiliates.

 

9.7
Indemnification. The Lenders agree to severally indemnify each Agent and its officers, directors, employees, affiliates,
agents, advisors and controlling persons (each, an “Agent Indemnitee”) (to the extent not reimbursed by the
Borrowers and without limiting the obligation of the Borrowers to do so), ratably according to their respective Aggregate Exposure
Percentages in effect on the date on which indemnification is sought under this Section (or, if indemnification is sought after
the date upon which the Commitments shall have terminated and the Loans shall have been paid in full, ratably in accordance with
such Aggregate Exposure Percentages immediately prior to such date), from and against any and all liabilities, obligations, losses,
damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind whatsoever that may at any time (whether
before or after the payment of the Loans) be imposed on, incurred by or asserted against such Agent Indemnitee in any way relating
to or arising out of, the Commitments, this Agreement, any of the other Loan Documents or any documents contemplated by or referred
to herein or therein or the transactions contemplated hereby or thereby or any action taken or omitted by such Agent Indemnitee
under or in connection with any of the foregoing; provided that no Lender shall be liable for the payment of any portion
of such liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements that
are found by a final and nonappealable decision of a court of competent jurisdiction to have resulted from such Agent Indemnitee’s
gross negligence or willful misconduct. The agreements in this Section shall survive the termination of this Agreement and the
payment of the Loans and all other amounts payable hereunder.

 

9.8
Agent in Its Individual Capacity. Each Agent and its affiliates may make loans to, accept deposits from and generally engage
in any kind of business with any Loan Party as though such Agent were not an Agent. With respect to its Loans made or renewed
by it and with respect to any Letter of Credit issued or participated in by it, each Agent shall have the same rights and powers
under this 

 

     113

     

    

Agreement
and the other Loan Documents as any Lender and may exercise the same as though it were not an Agent, and the terms “Lender”
and “Lenders” shall include each Agent in its individual capacity.

 

9.9
Successor Administrative Agent. The Administrative Agent may resign as Administrative Agent upon 30 days’ notice
to the Lenders and the Parent Borrower. If the Administrative Agent shall resign as Administrative Agent under this Agreement
and the other Loan Documents, then the Required Lenders shall appoint from among the Lenders a successor agent for the Lenders,
which successor agent shall (unless an Event of Default under Section 8(a) or Section 8(f) with respect to any Borrower shall
have occurred and be continuing) be subject to approval by the Parent Borrower (which approval shall not be unreasonably withheld
or delayed), whereupon such successor agent shall succeed to the rights, powers and duties of the Administrative Agent, and the
term “Administrative Agent” shall mean such successor agent effective upon such appointment and approval, and the
former Administrative Agent’s rights, powers and duties as Administrative Agent shall be terminated, without any other or
further act or deed on the part of such former Administrative Agent or any of the parties to this Agreement or any holders of
the Loans. If no successor agent has accepted appointment as Administrative Agent by the date that is 30 days following a retiring
Administrative Agent’s notice of resignation, the retiring Administrative Agent’s resignation shall nevertheless thereupon
become effective, and the Lenders shall assume and perform all of the duties of the Administrative Agent hereunder until such
time, if any, as the Required Lenders appoint a successor agent as provided for above. After any retiring Administrative Agent’s
resignation as Administrative Agent, the provisions of this Section 9 and of Section 10.5 shall continue to inure to its benefit.

 

9.10
Arrangers and Syndication Agent. None of the Arrangers or the Syndication Agent shall have any duties or responsibilities
hereunder in their respective capacities as such.

 

9.11
Credit Bidding. The Secured Parties hereby irrevocably authorize the Administrative Agent, at the direction of the Required
Lenders, to credit bid all or any portion of the Obligations (including by accepting some or all of the Collateral in satisfaction
of some or all of the Obligations pursuant to a deed in lieu of foreclosure or otherwise) and in such manner purchase (either
directly or through one or more acquisition vehicles) all or any portion of the Collateral (a) at any sale thereof conducted under
the provisions of the Bankruptcy Code, including under Sections 363, 1123 or 1129 of the Bankruptcy Code, or any similar laws
in any other jurisdictions, or (b) at any other sale, foreclosure or acceptance of collateral in lieu of debt conducted by (or
with the consent or at the direction of) the Administrative Agent (whether by judicial action or otherwise) in accordance with
any applicable law. In connection with any such credit bid and purchase, the Obligations owed to the Secured Parties shall be
entitled to be, and shall be, credit bid by the Administrative Agent at the direction of the Required Lenders on a ratable basis
(with Obligations with respect to contingent or unliquidated claims receiving contingent interests in the acquired assets on a
ratable basis that shall vest upon the liquidation of such claims in an amount proportional to the liquidated portion of the contingent
claim amount used in allocating the contingent interests) for the asset or assets so purchased (or for the equity interests or
debt instruments of the acquisition vehicle or vehicles that are issued in connection with such purchase). In connection with
any such bid (i) the Administrative Agent shall be authorized to form one or more acquisition vehicles and to assign any successful
credit bid to such acquisition vehicle or vehicles (ii) each of the Secured Parties’ ratable interests in the Obligations
which were credit bid shall be deemed without any further action under this Agreement to be assigned to such vehicle or vehicles
for the purpose of closing such sale, (iii) the Administrative shall be authorized to adopt documents providing for the governance
of the acquisition vehicle or vehicles (provided that any actions by the Administrative Agent with respect to such acquisition
vehicle or vehicles, including any disposition of the assets or equity interests thereof, shall be governed, directly or indirectly,
by, and the governing documents shall provide for, control by the vote of the Required Lenders or their permitted assignees under
the terms of this Agreement or the governing documents of the applicable acquisition vehicle or vehicles, as the case may be,
irrespective of the termination of this 

 

     114

     

    

Agreement
and without giving effect to the limitations on actions by the Required Lenders contained in Section 10.1), (iv) the Administrative
Agent on behalf of such acquisition vehicle or vehicles shall be authorized to issue to each of the Secured Parties, ratably on
account of the relevant Obligations which were credit bid, interests, whether as equity, partnership, limited partnership interests
or membership interests, in any such acquisition vehicle and/or debt instruments issued by such acquisition vehicle, all without
the need for any Secured Party or acquisition vehicle to take any further action, and (v) to the extent that Obligations that
are assigned to an acquisition vehicle are not used to acquire Collateral for any reason (as a result of another bid being higher
or better, because the amount of Obligations assigned to the acquisition vehicle exceeds the amount of Obligations credit bid
by the acquisition vehicle or otherwise), such Obligations shall automatically be reassigned to the Secured Parties pro rata and
the equity interests and/or debt instruments issued by any acquisition vehicle on account of such Obligations shall automatically
be cancelled, without the need for any Secured Party or any acquisition vehicle to take any further action. Notwithstanding that
the ratable portion of the Obligations of each Secured Party are deemed assigned to the acquisition vehicle or vehicles as set
forth in clause (ii) above, each Secured Party shall execute such documents and provide such information regarding the Secured
Party (and/or any designee of the Secured Party which will receive interests in or debt instruments issued by such acquisition
vehicle) as the Administrative Agent may reasonably request in connection with the formation of any acquisition vehicle, the formulation
or submission of any credit bid or the consummation of the transactions contemplated by such credit bid.

 

9.12
Certain ERISA Matters. (a)
Each Lender (x) represents and warrants, as of the date such Person became a Lender party hereto, to, and (y) covenants, from
the date such Person became a Lender party hereto to the date such Person ceases being a Lender party hereto, for the benefit
of, the Administrative Agent, the Arrangers and their respective Affiliates, and not, for the avoidance of doubt, to or for the
benefit of the Borrowers or any other Loan Party, that at least one of the following is and will be true:

 

(i)       such
Lender is not using “plan assets” (within the meaning of the Plan Asset Regulations) of one or more Benefit Plans
with respect to such Lender’s entrance into, participation in, administration of and performance of the Loans, the Letters
of Credit, the Commitments or this Agreement,

 

(ii)       the
transaction exemption set forth in one or more PTEs, such as PTE 84-14 (a class exemption for certain transactions determined
by independent qualified professional asset managers), PTE 95-60 (a class exemption for certain transactions involving insurance
company general accounts), PTE 90-1 (a class exemption for certain transactions involving insurance company pooled separate accounts),
PTE 91-38 (a class exemption for certain transactions involving bank collective investment funds) or PTE 96-23 (a class exemption
for certain transactions determined by in-house asset managers), is applicable with respect to such Lender’s entrance into,
participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement, and
the conditions for exemptive relief thereunder are and will continue to be satisfied in connection therewith,

 

(iii)       (A)
such Lender is an investment fund managed by a “Qualified Professional Asset Manager” (within the meaning of Part
VI of PTE 84-14), (B) such Qualified Professional Asset Manager made the investment decision on behalf of such Lender to enter
into, participate in, administer and perform the Loans, the Letters of Credit, the Commitments and this Agreement, (C) the entrance
into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement
satisfies the requirements of sub-sections (b) through (g) of Part I of PTE 84-14 and (D) to the best knowledge of such Lender,
the requirements of subsection (a) of Part I of PTE 84-14 are satisfied with respect to such Lender’s

 

     115

     

    

entrance
into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement,
or

 

(iv)       such
other representation, warranty and covenant as may be agreed in writing between the Administrative Agent, in its sole discretion,
and such Lender.

 

(b)       In
addition, unless either (1) sub-clause (i) in the immediately preceding clause (a) is true with respect to a Lender or (2) a Lender
has provided another representation, warranty and covenant in accordance with sub-clause (iv) in the immediately preceding clause
(a), such Lender further (x) represents and warrants, as of the date such Person became a Lender party hereto, to, and (y) covenants,
from the date such Person became a Lender party hereto to the date such Person ceases being a Lender party hereto, for the benefit
of, the Administrative Agent and not, for the avoidance of doubt, to or for the benefit of the Borrowers or any other Loan Party,
that the Administrative Agent is not a fiduciary with respect to the assets of such Lender involved in such Lender’s entrance
into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement
(including in connection with the reservation or exercise of any rights by the Administrative Agent under this Agreement, any
Loan Document or any documents related hereto or thereto).

 

(c)       The
Administrative Agent and the Arrangers hereby informs the Lenders that each such Person is not undertaking to provide impartial
investment advice, or to give advice in a fiduciary capacity, in connection with the transactions contemplated hereby, and that
such Person has a financial interest in the transactions contemplated hereby in that such Person or an Affiliate thereof (i) may
receive interest or other payments with respect to the Loans, the Letters of Credit, the Commitments and this Agreement, (ii)
may recognize a gain if it extended the Loans, the Letters of Credit or the Commitments for an amount less than the amount being
paid for an interest in the Loans, the Letters of Credit or the Commitments by such Lender or (iii) may receive fees or other
payments in connection with the transactions contemplated hereby, the Loan Documents or otherwise, including structuring fees,
commitment fees, arrangement fees, facility fees, upfront fees, underwriting fees, ticking fees, agency fees, administrative agent
or collateral agent fees, utilization fees, minimum usage fees, letter of credit fees, fronting fees, deal-away or alternate transaction
fees, amendment fees, processing fees, term out premiums, banker’s acceptance fees, breakage or other early termination
fees or fees similar to the foregoing.

 

SECTION
10.MISCELLANEOUS

 

10.1
Amendments and Waivers. Neither this Agreement, any other Loan Document, nor any terms hereof or thereof may be amended,
supplemented or modified except in accordance with the provisions of this Section 10.1. The Required Lenders and each Loan Party
party to the relevant Loan Document may, or, with the written consent of the Required Lenders, the Administrative Agent and each
Loan Party party to the relevant Loan Document may, from time to time, (a) enter into written amendments, supplements or modifications
hereto and to the other Loan Documents for the purpose of adding any provisions to this Agreement or the other Loan Documents
or changing in any manner the rights of the Lenders or of the Loan Parties hereunder or thereunder or (b) waive, on such terms
and conditions as the Required Lenders or the Administrative Agent, as the case may be, may specify in such instrument, any of
the requirements of this Agreement or the other Loan Documents or any Default or Event of Default and its consequences; provided,
however, that no such waiver and no such amendment, supplement or modification shall (i) forgive the principal amount or
extend the final scheduled date of maturity of any Loan, extend the scheduled date of any amortization payment in respect of any
Term Loan, reduce the stated rate of any interest or fee payable hereunder (except (x) in connection with the waiver of applicability
of any post-default increase in interest rates (which waiver shall be effective with the consent of the Majority Facility Lenders
of each adversely affected Facility) and (y) that any amendment or modification of defined terms used in the financial covenants
in this Agreement shall not constitute a reduction in the 

 

     116

     

    

rate
of interest or fees for purposes of this clause (i)) or extend the scheduled date of any payment thereof, or increase the amount
or extend the expiration date of any Lender’s Commitment, in each case without the written consent of each Lender directly
affected thereby; (ii) eliminate or reduce the voting rights of any Lender under this Section 10.1 without the written consent
of such Lender; (iii) reduce any percentage specified in the definition of “Required Lenders” without the written
consent of each Lender, reduce any percentage specified in the definition of “Required Revolving Lenders” without
the written consent of each Revolving Lender, reduce any percentage specified in the definition of “Majority Facility Lenders”
without the written consent of each Lender of the applicable Facility or change any other provision of this Agreement or any other
Loan Document specifying the number or percentage of Lenders (or Lenders of any Facility) required to waive, amend or otherwise
modify any rights thereunder or make any determination or grant any consent thereunder without the written consent of each Lender
(or each Lender of the applicable Facility, as applicable), (iv) consent to the assignment or transfer by any Borrower of any
of its rights and obligations under this Agreement and the other Loan Documents, release all or substantially all of the Collateral
or release all or substantially all of the Subsidiary Guarantors from their obligations under the Guarantee and Collateral Agreement,
in each case without the written consent of all Lenders; (v) amend, modify or waive any provision of Section 2.17 without the
written consent of each Lender directly affected thereby; (vi) amend, modify or waive any provision of Section 8.2 without the
written consent of each Lender directly affected thereby; (vii) reduce the amount of Net Cash Proceeds or Excess Cash Flow required
to be applied to prepay Loans under this Agreement without the written consent of the Majority Facility Lenders with respect to
each Facility adversely affected thereby; (viii) amend, modify or waive any provision of Section 9 or any other provision of any
Loan Document that affects the Administrative Agent without the written consent of the Administrative Agent, (ix) amend, modify
or waive any provision of Section 2.6 or 2.7 without the written consent of the Swingline Lenders or (x) amend, modify or waive
any provision of Section 3 without the written consent of the Issuing Lender; provided further that, notwithstanding the
foregoing, (A) any waiver, amendment, supplement or other modification with respect to Section 7.1 (or, solely for purposes of
the financial covenants set forth in Section 7.1, the definition of “Consolidated Total Gross Leverage Ratio”, “Consolidated
Fixed Charge Coverage Ratio” or any defined term used therein in each case solely affecting the calculation or formulation
of the financial covenants set forth in Section 7.1) and any waiver of an Event of Default arising solely from a default in the
observance or performance of a financial covenant set forth in Section 7.1 shall require the written consent only of the Parent
Borrower and the Required Revolving Lenders and (B) any waiver or modification of a condition to an extension of credit under
the Revolving Facility or any Incremental Facility (prior to funding thereof), as applicable, and any amendments and waivers that
affect solely the Lenders under a class or classes of the Revolving Facility and/or any Incremental Facility (prior to funding
thereof) and not any other Lender, will, if such amendment or waiver would otherwise require the consent of the Required Lenders,
require only the consent of the Majority Facility Lenders in respect of such Facility, and no other consents or approvals shall
be required (it being understood and agreed that Required Lender consent shall be required for any amendment or waiver of the
conditions set forth in Section 2.24 except as otherwise set forth therein). Any such waiver and any such amendment, supplement
or modification shall apply equally to each of the Lenders and shall be binding upon the Loan Parties, the Lenders, the Administrative
Agent and all future holders of the Loans. In the case of any waiver, the Loan Parties, the Lenders and the Administrative Agent
shall be restored to their former position and rights hereunder and under the other Loan Documents, and any Default or Event of
Default waived shall be deemed to be cured and not continuing; but no such waiver shall extend to any subsequent or other Default
or Event of Default, or impair any right consequent thereon.

 

Notwithstanding
the foregoing, this Agreement may be amended (or amended and restated) with the written consent of the Required Lenders, the Administrative
Agent and the Borrowers (a) to add one or more additional credit facilities to this Agreement and to permit the extensions of
credit from time to time outstanding thereunder and the accrued interest and fees in respect thereof to share in the benefits
of this Agreement and the other Loan Documents with the Term Loans and Revolving Extensions of Credit

 

     117

     

    

and
the accrued interest and fees in respect thereof and (b) to include appropriately the Lenders holding such credit facilities in
any determination of the Required Lenders and Majority Facility Lenders.

 

Notwithstanding
the foregoing, this Agreement may be amended in form reasonably satisfactory to the Administrative Agent with the written consent
of the Parent Borrower and the Lenders (provided that if the consent of the Administrative Agent would be required for an assignment
to any such Lender pursuant to Section 10.6, such Lender must be satisfactory to the Administrative Agent) providing the relevant
Replacement Term Loans (as defined below) to permit the refinancing, replacement or modification of all or any portion of the
outstanding Term Loans (“Replaced Term Loans”) with a replacement term loan hereunder (“Replacement
Term Loans”); provided, that (a) the aggregate principal amount of such Replacement Term Loans shall not exceed
the aggregate principal amount of such Replaced Term Loans plus an amount equal to the unpaid accrued interest and premium thereon
at such time plus reasonable fees and expenses (including original issue discount and upfront fees) incurred in connection with
such replacement, (b) the terms of Replacement Term Loans (excluding pricing, fees, rate floors and optional prepayment or redemption
terms) reflect market terms at the time of incurrence thereof as reasonably determined by the applicable Borrower (but in no event
shall any Replacement Term Loans have covenants and events of default, taken as a whole, materially more restrictive than those
applicable to the Replaced Term Loans (other than any covenants or other provisions applicable only to periods after the Latest
Maturity Date of the Facilities (as in effect on the date of incurrence of such Replacement Term Loans))), (c) the maturity date
of such Replacement Term Loans shall not be earlier than the maturity date of the Replaced Term Loans, (d) the Applicable Margin
for such Replacement Term Loans shall not be higher than the Applicable Margin for such Replaced Term Loans, (e) the weighted
average life to maturity of such Replacement Term Loans shall not be shorter than the weighted average life to maturity of such
Replaced Term Loans at the time of such refinancing and (f) such Replacement Term Loans shall share ratably or less than ratably
with any prepayments or repayments of the Replaced Term Loans. Each of the parties hereto hereby agrees that this Agreement and
the other Loan Documents may be amended to include Replacement Term Loans without the consent of any other Lenders, to the extent
necessary to (i) reflect the terms of such Replacement Term Loans incurred pursuant to this paragraph and (ii) effect such other
amendments to this Agreement and the other Loan Documents as may be necessary or appropriate, in the reasonable opinion of the
Administrative Agent and the Parent Borrower, to effect the provisions of this paragraph.

 

Furthermore,
notwithstanding the foregoing, (i) the Administrative Agent, with the consent of the Parent Borrower, may amend, modify or supplement
any Loan Document without the consent of any Lender or the Required Lenders in order to correct, amend or cure any ambiguity,
inconsistency or defect or correct any typographical error, other manifest error or omission of a technical nature in any Loan
Document, and such amendment, modification or supplement shall become effective without any further action or consent of any other
party to any Loan Document if the same is not objected to in writing by the Required Lenders within five (5) Business Days following
receipt of notice thereof, (ii) the Administrative Agent, with the consent of the Parent Borrower, may enter into or amend any
applicable intercreditor agreement entered into in accordance with Section 10.18 to give effect to such intercreditor agreement
or carry out the provisions thereof and (iii) the Loan Documents may be amended in accordance with Sections 2.24, 2.25, 2.26 and
2.27.

 

10.2
Notices. All notices, requests and demands to or upon the respective parties hereto to be effective shall be in writing
(including by facsimile or e-mail), and, unless otherwise expressly provided herein, shall be deemed to have been duly given or
made when delivered, or three Business Days after being deposited in the mail, postage prepaid, or, in the case of facsimile or
e-mail notice, when received, addressed as follows in the case of any Borrower and the Administrative Agent, and as set forth
in an administrative questionnaire delivered to the Administrative Agent in the case of the Lenders, or to such other address
as may be hereafter notified by the respective parties hereto:

 

     118

     

    

	Parent
    Borrower:	Ultra
                           Clean Holdings, Inc. 

        26462
        Corporate Avenue 

        Hayward,
        CA 94545 

        Attention:
        Sheri Savage, Chief Financial Officer 

        E-mail:
        ssavage@uct.com

         

	with
    a copy to:	Davis
        Polk & Wardwell LLP 

        450
        Lexington Avenue 

        New
        York, NY 10017 

        Attention:
        Joseph P. Hadley 

        E-mail:
        joseph.hadley@davispolk.com

         

	Administrative
    Agent:	Barclays
        Bank PLC 

        745
        Seventh Avenue 

        New
        York, NY 10019 

        Attention:
        Patrick Shields 

        E-mail:
        patrick.shields@barclays.com 

         

        Email
        for delivery of updates to the list of 

Disqualified Lenders: patrick.shields@barclays.com

 and aaron.trinkle@barclays.com

         

        For
        servicing queries and borrowing notices:

         

        Barclays
        Bank PLC 

        745
        Seventh Avenue 

        New
        York, NY 10019 

        Attention:
        Matthew Martins 

        E-mail:
        matthew.martins@barclays.com and 

12145455230@tls.ldsprod.com

         

provided
that any notice, request or demand to or upon the Administrative Agent or the Lenders shall not be effective until received.

 

Notices
and other communications to the Lenders hereunder may be delivered or furnished by electronic communications pursuant to procedures
approved by the Administrative Agent; provided that the foregoing shall not apply to notices pursuant to Section 2 unless
otherwise agreed by the Administrative Agent and the applicable Lender. The Administrative Agent or any Borrower may, in its discretion,
agree to accept notices and other communications to it hereunder by electronic communications pursuant to procedures approved
by it; provided that approval of such procedures may be limited to particular notices or communications.

 

10.3
No Waiver; Cumulative Remedies. No failure to exercise and no delay in exercising, on the part of the Administrative Agent
or any Lender, any right, remedy, power or privilege hereunder or under the other Loan Documents shall operate as a waiver thereof;
nor shall any single or partial exercise of any right, remedy, power or privilege hereunder preclude any other or further exercise
thereof or the exercise of any other right, remedy, power or privilege. The rights, remedies, powers and privileges herein provided
are cumulative and not exclusive of any rights, remedies, powers and privileges provided by law.

 

     119

     

    

10.4
Survival of Representations and Warranties. All representations and warranties made hereunder, in the other Loan Documents
and in any document, certificate or statement delivered pursuant hereto or in connection herewith shall survive the execution
and delivery of this Agreement and the making of the Loans and other extensions of credit hereunder.

 

10.5
Payment of Expenses. Each Borrower jointly and severally agrees (a) to pay or reimburse the Administrative Agent and the
Arrangers for all of their respective reasonable and documented out-of-pocket costs and expenses incurred in connection with the
syndication of the Term B Facility and the development, preparation and execution of, and any amendment, supplement or modification
to, this Agreement and the other Loan Documents and any other documents prepared in connection herewith or therewith, and the
consummation and administration of the transactions contemplated hereby and thereby, including the reasonable fees, disbursements
and other charges of one primary counsel to the Administrative Agent and the Arrangers (taken together as a single group or client)
and, if necessary, one local counsel to the Administrative Agent and the Arrangers (taken together as a single group or client)
in each applicable jurisdiction, and filing and recording fees and expenses, with statements with respect to the foregoing to
be submitted to the Parent Borrower prior to the Closing Date (in the case of amounts to be paid on the Closing Date) and from
time to time thereafter on a quarterly basis or such other periodic basis as the Administrative Agent shall deem appropriate,
(b) to pay or reimburse each Lender, the Issuing Lender, the Swingline Lenders and the Administrative Agent for all its costs
and expenses incurred in connection with the enforcement or preservation of any rights under this Agreement, the other Loan Documents
and any such other documents, including the fees, disbursements and other charges of counsel to the Administrative Agent and the
Lenders and including all costs and expenses incurred during any workout, restructuring or negotiations; provided that
fees, disbursements and other charges of counsel set forth in this clause (b) shall be limited to fees, disbursements and other
charges of (i) one counsel to the Administrative Agent and for the Lenders (taken together as a single group or client), (ii)
if necessary, one local counsel required in any relevant local jurisdiction (which may include a single counsel acting in multiple
jurisdictions) and applicable special regulatory counsel, (iii) additional counsel retained with the Parent Borrower’s consent
(such consent not to be unreasonably withheld or delayed) and (iv) if representation of the Administrative Agent and/or all Lenders
in such matter by a single counsel would be inappropriate based on the advice of legal counsel due to the existence of an actual
or potential conflict of interest, where the Lender affected by such conflict informs the Parent Borrower of such conflict and
thereafter retains its own counsel, of another firm of counsel for such affected Lender and, if necessary, one firm of local counsel
in any relevant local jurisdiction (which may include a single special counsel acting in multiple jurisdictions) for such affected
Lender and one firm of special regulatory counsel for such affected Lender, (c) to pay, indemnify, and hold each Lender, the Issuing
Lender, the Swingline Lenders and the Administrative Agent harmless from, any and all recording and filing fees and any and all
liabilities with respect to, or resulting from any delay in paying, stamp, excise and other Taxes, if any, that may be payable
or determined to be payable in connection with the execution and delivery of, or consummation or administration of any of the
transactions contemplated by, or any amendment, supplement or modification of, or any waiver or consent under or in respect of,
this Agreement, the other Loan Documents and any such other documents, and (d) to pay, indemnify, and hold each Lender, the Issuing
Lender, the Swingline Lenders, the Arrangers and each Agent, their respective affiliates, and their respective officers, directors,
employees, agents, advisors and controlling persons (each, an “Indemnitee”) harmless from and against any and
all other liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of
any kind or nature whatsoever with respect to the execution, delivery, enforcement, performance and administration of this Agreement,
the other Loan Documents and any such other documents, including any claim, litigation, investigation or proceeding regardless
of whether any Indemnitee is a party thereto and whether or not the same are brought by any Borrower, its equity holders, affiliates
or creditors or any other Person, including any of the foregoing relating to the use of proceeds of the Loans or Letters of Credit
(including any refusal by the Issuing Lender to honor a demand for payment under a Letter of Credit if the documents presented
in connection with such demand do not strictly comply with the terms of such Letter 

 

     120

     

    

of
Credit) or the violation of, noncompliance with or liability under, any Environmental Law applicable to the operations of any
Group Member or any of the Properties and the reasonable fees, disbursements and other charges of legal counsel (limited to reasonable
fees, disbursements and other charges of one primary counsel for all Indemnitees, taken as a whole, and, if necessary, one firm
of local counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions)
for all Indemnitees, taken as a whole, and one firm of special regulatory counsel for all Indemnitees, taken as a whole (and,
in the case of an actual or potential conflict of interest, where an Indemnitee affected by such conflict informs the Parent Borrower
of such conflict and thereafter retains its own counsel, of another firm of counsel for such affected Indemnitee and, if necessary,
one firm of local counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions)
for such affected Indemnitee and one firm of special regulatory counsel for such affected Indemnitee)) in connection with claims,
actions or proceedings by any Indemnitee against any Loan Party under any Loan Document (all the foregoing in this clause (d),
collectively, the “Indemnified Liabilities”), provided, that the Borrowers shall have no obligation
hereunder to any Indemnitee with respect to Indemnified Liabilities to the extent such Indemnified Liabilities are found by a
final and nonappealable decision of a court of competent jurisdiction to have resulted from (x) the bad faith, gross negligence
or willful misconduct of such Indemnitee (or any of its Affiliates, officers, directors, employees, agents, advisors or controlling
persons), (y) a material breach in bad faith by such Indemnitee of its obligations under the Loan Documents pursuant to a claim
initiated by the Borrowers or (z) a dispute that does not involve any action or omission by the Parent Borrower or any of its
Affiliates and is solely among the Indemnitees (other than any claims against an Indemnitee in its capacity as an Agent or as
an Arranger), and provided, further, that this Section 10.5(d) shall not apply with respect to Taxes other than
any Taxes that represent losses or damages arising from any non-Tax claim. Except as otherwise set forth herein, and to the extent
permitted by applicable law, each Borrower agrees not to assert and to cause its Subsidiaries not to assert, and hereby waives
and agrees to cause its Subsidiaries to waive, all rights for contribution or any other rights of recovery with respect to all
claims, demands, penalties, fines, liabilities, settlements, damages, costs and expenses of whatever kind or nature, under or
related to Environmental Laws, that any of them might have by statute or otherwise against any Indemnitee in connection with the
subject matter of this Agreement. No Indemnitee shall be liable for any damages arising from the use by others of information
or other materials obtained through electronic, telecommunications or other information transmission systems, except to the extent
any such damages are found by a final and nonappealable decision of a court of competent jurisdiction to have resulted from (x)
the gross negligence or willful misconduct of such Indemnitee (or any of its Affiliates, officers, directors, employees, agents,
advisors or controlling persons) or (y) a material breach in bad faith by such Indemnitee of its obligations under the Loan Documents
pursuant to a claim initiated by the Borrowers. No Indemnitee shall be liable for any indirect, special, exemplary, punitive or
consequential damages in connection with this Agreement or the other Loan Documents or the transactions contemplated hereby or
thereby. All amounts due under this Section 10.5 shall be payable not later than 10 days after written demand therefor. Statements
payable by the Borrowers pursuant to this Section 10.5 shall be submitted to the Borrowers in accordance with Section 10.2,
or to such other Person or address as may be hereafter designated by the Parent Borrower in a written notice to the Administrative
Agent. The agreements in this Section 10.5 shall survive the termination of this Agreement and the repayment of the Loans and
all other amounts payable hereunder.

 

10.6
Successors and Assigns; Participations and Assignments. (a) The provisions of this Agreement shall be binding upon and
inure to the benefit of the parties hereto and their respective successors and assigns permitted hereby (including any affiliate
of the Issuing Lender that issues any Letter of Credit), except that (i) no Borrower may assign or otherwise transfer any of its
rights or obligations hereunder without the prior written consent of each Lender (and any attempted assignment or transfer by
any Borrower without such consent shall be null and void) and (ii) no Lender may assign or otherwise transfer its rights or obligations
hereunder except in accordance with this Section.

 

     121

     

    

(b)       (i)
Subject to the conditions set forth in paragraph (b)(ii) below, any Lender may assign to one or more Eligible Assignees (each,
an “Assignee”), all or a portion of its rights and obligations under this Agreement (including all or a portion
of its Commitments and the Loans at the time owing to it) with the prior written consent of:

 

(A)       the
Parent Borrower (such consent not to be unreasonably withheld), provided that no consent of the Parent Borrower shall be
required for an assignment to a Lender, an affiliate of a Lender, an Approved Fund (as defined below) or, if an Event of Default
has occurred and is continuing, any other Person; and provided, further, that the Parent Borrower shall be deemed
to have consented to any such assignment unless the Parent Borrower shall object thereto by written notice to the Administrative
Agent within 10 Business Days after having received notice thereof;

 

(B)       the
Administrative Agent, provided that no consent of the Administrative Agent shall be required for an assignment of all or
any portion of a Term Loan to a Lender, an affiliate of a Lender or an Approved Fund; and

 

(C)       any
Issuing Lender with significant L/C Exposure, unless a Term Loan is being assigned.

 

(ii)       Assignments
shall be subject to the following additional conditions:

 

(A)       except
in the case of an assignment to a Lender, an affiliate of a Lender or an Approved Fund or an assignment of the entire remaining
amount of the assigning Lender’s Commitments or Loans under any Facility, the amount of the Commitments or Loans of the
assigning Lender subject to each such assignment (determined as of the date the Assignment and Assumption with respect to such
assignment is delivered to the Administrative Agent) shall not be less than $5,000,000 (or, in the case of the Term B Facility
or an Incremental Term Facility, $1,000,000) unless each of the Parent Borrower and the Administrative Agent otherwise consent,
provided that (1) no such consent of the Parent Borrower shall be required if an Event of Default has occurred and is continuing
and (2) such amounts shall be aggregated in respect of each Lender and its affiliates or Approved Funds, if any; 

 

(B)       (1)
the parties to each assignment shall execute and deliver to the Administrative Agent an Assignment and Assumption, together with
a processing and recordation fee of $3,500 (with respect to such processing and recordation fee, unless otherwise agreed by the
Administrative Agent in its sole discretion) and (2) the assigning Lender shall have paid in full any amounts owing by it to the
Administrative Agent; and 

 

(C)       the
Assignee, if it shall not be a Lender, shall deliver to the Administrative Agent an administrative questionnaire in which the
Assignee designates one or more credit contacts to whom all syndicate-level information (which may contain material non-public
information about the Parent Borrower and its Affiliates and their related parties or their respective securities) will be made
available and who may receive such information in accordance with the Assignee’s compliance procedures and applicable laws,
including Federal and state securities laws.

 

For
the purposes of this Section 10.6, “Approved Fund” means any Person (other than a natural person) that is engaged
in making, purchasing, holding or investing in bank loans and similar extensions of credit in the ordinary course of its business
and that is administered or managed by (a) a

 

     122

     

    

Lender,
(b) an affiliate of a Lender or (c) an entity or an affiliate of an entity that administers or manages a Lender.

 

(iii)       Subject
to acceptance and recording thereof pursuant to paragraph (b)(iv) below, from and after the effective date specified in each Assignment
and Assumption the Assignee thereunder shall be a party hereto and, to the extent of the interest assigned by such Assignment
and Assumption, have the rights and obligations of a Lender under this Agreement, and the assigning Lender thereunder shall, to
the extent of the interest assigned by such Assignment and Assumption, be released from its obligations under this Agreement (and,
in the case of an Assignment and Assumption covering all of the assigning Lender’s rights and obligations under this Agreement,
such Lender shall cease to be a party hereto but shall continue to be entitled to the benefits of Sections 2.18, 2.19, 2.20 and
10.5 with respect to facts and circumstances occurring prior to the effective date of such assignment; provided, that except to
the extent otherwise expressly agreed by the affected parties, no assignment by a Defaulting Lender will constitute a waiver or
release of any claim of any party hereunder arising from that Lender’s having been a Defaulting Lender). Any assignment
or transfer by a Lender of rights or obligations under this Agreement that does not comply with this Section 10.6 shall be treated
for purposes of this Agreement as a sale by such Lender of a participation in such rights and obligations in accordance with paragraph
(c) of this Section.

 

(iv)       The
Administrative Agent, acting for this purpose as an agent of the Borrowers, shall maintain at one of its offices a copy of each
Assignment and Assumption delivered to it and a register for the recordation of the names and addresses of the Lenders, and the
Commitments of, and principal amount (and stated interest) of the Loans and L/C Obligations owing to, each Lender pursuant to
the terms hereof from time to time (the “Register”). The entries in the Register shall be conclusive, and the
Borrowers, the Administrative Agent, the Issuing Lender and the Lenders shall treat each Person whose name is recorded in the
Register pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreement, notwithstanding notice to the
contrary.

 

(v)       Upon
its receipt of a duly completed Assignment and Assumption executed by an assigning Lender and an Assignee, the Assignee’s
completed administrative questionnaire (unless the Assignee shall already be a Lender hereunder), the processing and recordation
fee referred to in paragraph (b) of this Section and any written consent to such assignment required by paragraph (b) of this
Section, the Administrative Agent shall accept such Assignment and Assumption and record the information contained therein in
the Register. No assignment shall be effective for purposes of this Agreement unless it has been recorded in the Register as provided
in this paragraph.

 

(vi)       Each
assignee, by its execution and delivery of an Assignment and Assumption, shall be deemed to have represented to the assigning
Lender and the Administrative Agent that such assignee is an Eligible Assignee. In no event shall the Administrative Agent be
obligated to ascertain, monitor or inquire as to whether any prospective assignee is an Eligible Assignee or have any liability
with respect to any assignment made to a Disqualified Lender or any other Person that is not an Eligible Assignee.

 

(vii)       Any
assignment to a Disqualified Lender in violation of this Section 10.6 shall not be void, but the provisions of Section 10.6(g)
shall apply

 

(c)       Any
Lender may, without the consent of any Borrower or the Administrative Agent, sell participations to one or more Eligible Assignees
(a “Participant”) in all or a

 

     123

     

    

portion
of such Lender’s rights and obligations under this Agreement (including all or a portion of its Commitments and the Loans
owing to it); provided that (i) such Lender’s obligations under this Agreement shall remain unchanged, (ii) such
Lender shall remain solely responsible to the other parties hereto for the performance of such obligations, and (iii) the Borrowers,
the Administrative Agent, the Issuing Lender and the other Lenders shall continue to deal solely and directly with such Lender
in connection with such Lender’s rights and obligations under this Agreement. Any agreement pursuant to which a Lender sells
such a participation shall provide that such Lender shall retain the sole right to enforce this Agreement and to approve any amendment,
modification or waiver of any provision of this Agreement; provided that such agreement may provide that such Lender will
not, without the consent of the Participant, agree to any amendment, modification or waiver that (i) requires the consent of each
Lender directly affected thereby pursuant to the proviso to the second sentence of Section 10.1 and (ii) directly affects such
Participant. Each Lender that sells a participation agrees, at the Parent Borrower’s request and expense, to use reasonable
efforts to cooperate with the Parent Borrower to effectuate the provisions of Section 2.22 with respect to any Participant. Each
Borrower agrees that each Participant shall be entitled to the benefits of Sections 2.18, 2.19 and 2.20 (subject to the requirements
and limitations therein, including the requirements under Section 2.19(f) (it being understood that the documentation required
under Section 2.19(f) shall be delivered to the participating Lender)) to the same extent as if it were a Lender and had acquired
its interest by assignment pursuant to paragraph (b) of this Section; provided that such Participant (i) agrees to be subject
to the provisions of Sections 2.18 and 2.19 as if it were an assignee under paragraph (b) of this Section and (ii) shall not be
entitled to receive any greater payment under Sections 2.18 or 2.19, with respect to any participation, than its participating
Lender would have been entitled to receive, except to the extent such entitlement to receive a greater payment results from an
adoption of or any change in any Requirement of Law or in the interpretation or application thereof or compliance by any Lender
with any request or directive (whether or not having the force of law) from any central bank or other Governmental Authority made
subsequent to the Closing Date that occurs after the Participant acquired the applicable participation. To the extent permitted
by law, each Participant also shall be entitled to the benefits of Section 10.7(b) as though it were a Lender, provided
such Participant shall be subject to Section 10.7(a) as though it were a Lender. Each Lender that sells a participation shall,
acting solely for this purpose as a non-fiduciary agent of the Borrowers, maintain a register on which it enters the name and
address of each Participant and the principal amounts (and stated interest) of each Participant’s interest in the Loans
or other obligations under the Loan Documents (the “Participant Register”); provided that no Lender
shall have any obligation to disclose all or any portion of the Participant Register to any Person (including the identity of
any Participant or any information relating to a Participant’s interest in any Commitments, Loans, Letters of Credit or
its other obligations under any Loan Document) except to the extent that such disclosure is necessary to establish that such Commitment,
Loan, Letters of Credit or other obligation is in registered form under Section 5f.103-1(c) of the United States Treasury Regulations.
The entries in the Participant Register shall be conclusive absent manifest error, and such Lender shall treat each Person whose
name is recorded in the Participant Register as the owner of such participation for all purposes of this Agreement notwithstanding
any notice to the contrary. For the avoidance of doubt, the Administrative Agent (in its capacity as Administrative Agent) shall
have no responsibility for maintaining a Participant Register.

 

(d)       Any
Lender may at any time pledge or assign a security interest in all or any portion of its rights under this Agreement to secure
obligations of such Lender, including any pledge or assignment to secure obligations to a Federal Reserve Bank or any other central
banking authority, and this Section shall not apply to any such pledge or assignment of a security interest; provided that
no such pledge or assignment of a security interest shall release a Lender from any of its obligations hereunder or substitute
any such pledgee or Assignee for such Lender as a party hereto. Each Borrower, upon receipt of written notice from the relevant
Lender, agrees to issue Notes to any Lender requiring Notes to facilitate transactions of the type described in this paragraph
(d).

 

     124

     

    

(e)       Any
Lender may, so long as no Default or Event of Default has occurred and is continuing and no proceeds of Revolving Loans are used,
directly or indirectly, to fund the consideration for any such assignment, at any time assign all or a portion of its rights and
obligations with respect to Term Loans under a Facility under this Agreement to the Parent Borrower through (x) Dutch auctions
open to all Lenders under such Facility on a pro rata basis in accordance with Section 2.25 or (y) notwithstanding any other provision
in this Agreement, open market purchases on a non pro rata basis; provided that, in connection with any such assignments, (A)
at the time of any such assignment, the Parent Borrower shall make a No Undisclosed Information Representation, (B) any Term Loans
assigned to the Parent Borrower shall be automatically and permanently cancelled upon the effectiveness of such assignment and
will thereafter no longer be outstanding for any purpose hereunder, and such Term Loans may not be resold (it being understood
and agreed that any gains or losses by the Parent Borrower upon purchase or acquisition and cancellation of such Term Loans shall
not be taken into account in the calculation of Excess Cash Flow, Consolidated Net Income or Consolidated EBITDA) and (C) the
Parent Borrower shall promptly provide notice to the Administrative Agent of such assignment of such Term Loans and the Administrative
Agent, upon receipt of such notice, shall reflect the cancellation of the applicable Term Loans in the Register.

 

(f)       The
list of Disqualified Lenders (i) shall be made available to the Lenders by posting on IntraLinks/IntraAgency or another relevant
Internet or intranet website, if any, to which each Lender and the Administrative Agent have access (whether a commercial, third-party
website or whether sponsored by the Administrative Agent) and (ii) shall be provided to any Lender upon request by such Lender
to the Administrative Agent. A Lender may provide the list of Disqualified Lenders to any potential assignee or participant on
a confidential basis in accordance with Section 10.15 hereof for the purpose of verifying whether such Person is a Disqualified
Lender.

 

(g)       (i)
If any assignment or participation is made to any Disqualified Lender in violation of this Section 10.6, the Parent Borrower may,
at its sole expense and effort, upon notice to the applicable Disqualified Lender and the Administrative Agent, (A) purchase or
prepay such Loan by paying the lowest of (x) the principal amount thereof and (y) the amount that such Disqualified Lender paid
to acquire such Loans, in each case plus accrued interest, accrued fees and all other amounts (other than principal amounts) payable
to it hereunder and/or (B) require such Disqualified Lender to assign, without recourse (in accordance with and subject to the
restrictions contained in this Section 10.6), all of its interest, rights and obligations under this Agreement to one or more
Eligible Assignees at the lowest of (x) the principal amount thereof and (y) the amount that such Disqualified Lender paid to
acquire such interests, rights and obligations, in each case plus accrued interest, accrued fees and all other amounts (other
than principal amounts) payable to it hereunder.

 

(ii)       Notwithstanding
anything to the contrary contained in this Agreement, Disqualified Lenders (A) will not (x) have the right to receive information,
reports or other materials provided to Lenders by the Parent Borrower, the Administrative Agent or any other Lender, (y) attend
or participate in meetings attended by the Lenders and the Administrative Agent, or (z) access any electronic site established
for the Lenders or confidential communications from counsel to or financial advisors of the Administrative Agent or the Lenders
and (B) (x) for purposes of any consent to any amendment, waiver or modification of, or any action under, and for the purpose
of any direction to the Administrative Agent or any Lender to undertake any action (or refrain from taking any action) under this
Agreement or any other Loan Document, each Disqualified Lender will be deemed to have consented in the same proportion as the
Lenders that are not Disqualified Lender consented to such matter, and (y) for purposes of voting on any Bankruptcy Plan, each
Disqualified Lender party hereto hereby agrees (1) not to vote on such Bankruptcy Plan, (2) if such Disqualified Lender does vote
on such Bankruptcy Plan notwithstanding the restriction in the foregoing clause (1), such vote will be deemed not to be in

 

     125

     

    

good
faith and shall be “designated” pursuant to Section 1126(e) of the Bankruptcy Code (or any similar provision in any
other Debtor Relief Laws), and such vote shall not be counted in determining whether the applicable class has accepted or rejected
such Bankruptcy Plan in accordance with Section 1126(c) of the Bankruptcy Code (or any similar provision in any other Debtor Relief
Laws) and (3) not to contest any request by any party for a determination by the Bankruptcy Court (or other applicable court of
competent jurisdiction) effectuating the foregoing clause (2).

 

10.7
Adjustments; Set-off. (a) Except to the extent that this Agreement or a court order expressly provides for payments to
be allocated to a particular Lender or to the Lenders under a particular Facility, if any Lender (a “Benefitted Lender”)
shall receive any payment of all or part of the Obligations owing to it (other than in connection with an assignment made pursuant
to Section 10.6), or receive any collateral in respect thereof (whether voluntarily or involuntarily, by set-off, pursuant to
events or proceedings of the nature referred to in Section 8(f), or otherwise), in a greater proportion than any such payment
to or collateral received by any other Lender, if any, in respect of the Obligations owing to such other Lender, such Benefitted
Lender shall purchase for cash from the other Lenders a participating interest in such portion of the Obligations owing to each
such other Lender, or shall provide such other Lenders with the benefits of any such collateral, as shall be necessary to cause
such Benefitted Lender to share the excess payment or benefits of such collateral ratably with each of the Lenders; provided,
however, that if all or any portion of such excess payment or benefits is thereafter recovered from such Benefitted Lender,
such purchase shall be rescinded, and the purchase price and benefits returned, to the extent of such recovery, but without interest;
provided further, that to the extent prohibited by applicable law as described in the definition of “Excluded Swap
Obligation,” no amounts received from, or set off with respect to, any Guarantor shall be applied to any Excluded Swap Obligations
of such Guarantor.

 

(b)       In
addition to any rights and remedies of the Lenders provided by law, each Lender shall have the right, without notice to any Borrower,
any such notice being expressly waived by each Borrower to the extent permitted by applicable law, upon any Obligations becoming
due and payable by any Borrower (whether at the stated maturity, by acceleration or otherwise), to apply to the payment of such
Obligations, by setoff or otherwise, any and all deposits (general or special, time or demand, provisional or final), in any currency,
and any other credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent,
matured or unmatured, at any time held or owing by such Lender, any affiliate thereof or any of their respective branches or agencies
to or for the credit or the account of such Borrower; provided that if any Defaulting Lender shall exercise any such right
of setoff, (i) all amounts so set-off shall be paid over immediately to the Administrative Agent for further application in accordance
with the provisions of this Agreement and, pending such payment, shall be segregated by such Defaulting Lender from its other
funds and deemed held in trust for the benefit of the Administrative Agent, the Issuing Lender, the Swingline Lenders and the
Lenders and (ii) the Defaulting Lender shall provide promptly to the Administrative Agent a statement describing in reasonable
detail the obligations owing to such Defaulting Lender as to which it exercised such right of set-off. Each Lender agrees promptly
to notify the applicable Borrower and the Administrative Agent after any such application made by such Lender, provided
that the failure to give such notice shall not affect the validity of such application.

 

10.8
Counterparts. This Agreement may be executed by one or more of the parties to this Agreement on any number of separate
counterparts, and all of said counterparts taken together shall be deemed to constitute one and the same instrument. Delivery
of an executed signature page of this Agreement by e-mail or facsimile transmission shall be effective as delivery of a manually
executed counterpart hereof. A set of the copies of this Agreement signed by all the parties shall be lodged with the Parent Borrower
and the Administrative Agent.

 

     126

     

    

10.9
Severability. Any provision of this Agreement that is prohibited or unenforceable in any jurisdiction shall, as to such
jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions
hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision
in any other jurisdiction.

 

10.10
Integration. This Agreement , the Fee Letters and the other Loan Documents represent the entire agreement of the Borrowers,
the Administrative Agent and the Lenders with respect to the subject matter hereof and thereof, and there are no promises, undertakings,
representations or warranties by the Administrative Agent or any Lender relative to the subject matter hereof not expressly set
forth or referred to herein or in the other Loan Documents.

 

10.11
GOVERNING LAW. THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER THIS AGREEMENT SHALL BE GOVERNED BY,
AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.

 

10.12
Submission To Jurisdiction; Waivers. Each Borrower hereby irrevocably and unconditionally:

 

(a)       submits,
for itself and its property, to the exclusive jurisdiction of the Supreme Court of the State of New York sitting in the Borough
of Manhattan, and of the United States District Court for the Southern District of New York sitting in the Borough of Manhattan,
and any appellate court from any thereof, in any action or proceeding arising out of or relating to this Agreement and the other
Loan Documents, 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 Agreement shall affect any right that the Administrative Agent or any Lender may otherwise have to bring
any action or proceeding relating to this Agreement against any Borrower or its properties in the courts of any jurisdiction;

 

(b)       consents
that any such action or proceeding may be brought in such courts and waives any objection that it may now or hereafter have to
the venue of any such action or proceeding in any such court or that such action or proceeding was brought in an inconvenient
court and agrees not to plead or claim the same;

 

(c)       agrees
that service of process in any such action or proceeding may be effected by mailing a copy thereof by registered or certified
mail (or any substantially similar form of mail), postage prepaid, to such Borrower at its address set forth in Section 10.2 or
at such other address of which the Administrative Agent shall have been notified pursuant thereto;

 

(d)       agrees
that nothing herein shall affect the right to effect service of process in any other manner permitted by law; and

 

(e)       waives,
to the maximum extent not prohibited by law, any right it may have to claim or recover in any legal action or proceeding referred
to in this Section any indirect, special, exemplary, punitive or consequential damages.

 

     127

     

    

10.13
Acknowledgements. Each Borrower hereby acknowledges and agrees that (a) no fiduciary, advisory or agency relationship between
the Loan Parties and the Credit Parties is intended to be or has been created in respect of any of the transactions contemplated
by this Agreement or the other Loan Documents, irrespective of whether the Credit Parties have advised or are advising the Loan
Parties on other matters, and the relationship between the Credit Parties, on the one hand, and the Loan Parties, on the other
hand, in connection herewith and therewith is solely that of creditor and debtor, (b) the Credit Parties, on the one hand, and
the Loan Parties, on the other hand, have an arm’s length business relationship that does not directly or indirectly give
rise to, nor do the Loan Parties rely on, any fiduciary duty to the Loan Parties or their affiliates on the part of the Credit
Parties, (c) the Loan Parties are capable of evaluating and understanding, and the Loan Parties understand and accept, the terms,
risks and conditions of the transactions contemplated by this Agreement and the other Loan Documents, (d) the Loan Parties have
been advised that the Credit Parties are engaged in a broad range of transactions that may involve interests that differ from
the Loan Parties’ interests and that the Credit Parties have no obligation to disclose such interests and transactions to
the Loan Parties, (e) the Loan Parties have consulted their own legal, accounting, regulatory and tax advisors to the extent the
Loan Parties have deemed appropriate in the negotiation, execution and delivery of this Agreement and the other Loan Documents,
(f) each Credit Party has been, is, and will be acting solely as a principal and, except as otherwise expressly agreed in writing
by it and the relevant parties, has not been, is not, and will not be acting as an advisor, agent or fiduciary for the Loan Parties,
any of their affiliates or any other Person, (g) none of the Credit Parties has any obligation to the Loan Parties or their affiliates
with respect to the transactions contemplated by this Agreement or the other Loan Documents except those obligations expressly
set forth herein or therein or in any other express writing executed and delivered by such Credit Party and the Loan Parties or
any such affiliate and (h) no joint venture is created hereby or by the other Loan Documents or otherwise exists by virtue of
the transactions contemplated hereby among the Credit Parties or among the Loan Parties and the Credit Parties.

 

10.14
Releases of Guarantees and Liens. (a) Upon any sale, transfer or other Disposition by any Loan Party (other than any such
sale, transfer or other Disposition to another Loan Party) of any Collateral in a transaction permitted by this Agreement, upon
the pledge by any Loan Party (other than any such pledge in favor of another Loan Party) of any Collateral constituting accounts
receivable in connection with a Receivables Purchase Facility that constitutes a Permitted Receivables Facility (so long as such
pledge is permitted by this Agreement), or upon the effectiveness of any written consent to the release of the security interest
in any Collateral created under any Security Document pursuant to Section 10.1, the security interests in such Collateral created
by the Security Documents shall be automatically released. In addition, if in compliance with the terms and provisions of the
Loan Documents, any Subsidiary Guarantor (a) ceases to be a Subsidiary of a Loan Party or (b) becomes an Excluded Subsidiary,
in each case as a result of a transaction or designation permitted hereunder (such Subsidiary Guarantor, a “Released
Guarantor”), then such Released Guarantor shall, upon the consummation of such sale or transfer or other transaction,
be automatically released from its obligations under the Loan Documents and its obligations to guarantee the Obligations and/or
pledge and grant any Collateral owned by it pursuant to the Guarantee and Collateral Agreement and any other Security Document
and, in the case of a sale of all or substantially all of the Capital Stock of the Released Guarantor, the pledge of such Capital
Stock of the Released Guarantor to the Administrative Agent pursuant to the Security Documents shall be automatically released.
In connection with any such termination or release pursuant to this clause (a), the Administrative Agent shall execute and deliver
to any Loan Party, at such Loan Party’s expense, all documents that such Loan Party shall reasonably request to evidence
such release; provided that, upon the request of the Administrative Agent, such Loan Party shall provide a certificate
of a Responsible Officer of such Loan Party stating that such sale, transfer or other transaction giving rise to such release
pursuant to this clause (a) is permitted under the Loan Documents. Any execution and delivery of documents pursuant to this Section
10.14(a) shall be without recourse to or warranty by the Administrative Agent.

 

     128

     

    

(b)       At
such time as the Loans, the Reimbursement Obligations and the other obligations (other than (x) indemnification or reimbursement
obligations under Section 2.18, 2.19(a), 2.19(d) or 2.20 for which the applicable Borrower has not been notified and contingent
indemnification obligations not asserted, (y) obligations with respect to Letters of Credit that are cash collateralized or backstopped
on terms reasonably satisfactory to the applicable Issuing Lender and (z) obligations under or in respect of Specified Swap Agreements
or Specified Cash Management Agreements) under the Loan Documents shall have been paid in full and the Commitments have been terminated
and no Letters of Credit shall be outstanding, the Collateral shall be released from the Liens created by the Security Documents,
and the Security Documents and all obligations (other than those expressly stated to survive such termination) of the Administrative
Agent and each Loan Party under the Security Documents shall terminate, all without delivery of any instrument or performance
of any act by any Person. In connection with any termination or release pursuant to this clause (b), the Administrative Agent
shall execute and deliver to any Loan Party, at such Loan Party’s expense, all documents that such Loan Party shall reasonably
request to evidence such termination or release. Any execution and delivery of documents pursuant to this Section 10.14(b) shall
be without recourse to or warranty by the Administrative Agent.

 

(c)       Notwithstanding
anything to the contrary contained herein or in any other Loan Document, the Administrative Agent is hereby irrevocably authorized
by each Lender (without requirement of notice to or consent of any Lender except as expressly required by Section 10.1) to take
any action requested by the Parent Borrower having the effect of releasing any Collateral or guarantee obligations (i) to the
extent necessary to permit consummation of any transaction not prohibited by any Loan Document or that has been consented to in
accordance with Section 10.1 or (ii) under the circumstances described in paragraphs (a) or (b) above.

 

10.15
Confidentiality. Each of the Administrative Agent, each Issuing Lender and each Lender agrees to keep confidential all
non-public information provided to it by any Loan Party, the Administrative Agent or any Lender pursuant to or in connection with
this Agreement that is designated by the provider thereof as confidential; provided that nothing herein shall prevent the
Administrative Agent, any Issuing Lender or any Lender from disclosing any such information (a) to the Administrative Agent, any
other Issuing Lender, any other Lender or any affiliate thereof, (b) subject to an agreement to comply with the provisions of
this Section, to any actual or prospective Transferee or any direct or indirect counterparty to any Swap Agreement (or any professional
advisor to such counterparty), (c) to its employees, directors, agents, attorneys, accountants and other professional advisors
or those of any of its affiliates, (d) upon the request or demand of any Governmental Authority, (e) in response to any order
of any court or other Governmental Authority or as may otherwise be required pursuant to any Requirement of Law, (f) if requested
or required to do so in connection with any litigation or similar proceeding, (g) that has been publicly disclosed, (h) to the
National Association of Insurance Commissioners or any similar organization or any nationally recognized rating agency that requires
access to information about a Lender’s investment portfolio in connection with ratings issued with respect to such Lender,
(i) in connection with the exercise of any remedy hereunder or under any other Loan Document, (j) to data service providers (including
league table providers) that serve the lending industry to the extent such information is of the type customarily provided to
such providers or (k) if agreed by the Parent Borrower in its sole discretion, to any other Person.

 

Each
Lender acknowledges that information furnished to it pursuant to this Agreement or the other Loan Documents may include material
non-public information concerning the Parent Borrower and its Affiliates and their related parties or their respective securities,
and confirms that it has developed compliance procedures regarding the use of material non-public information and that it will
handle such material non-public information in accordance with those procedures and applicable law, including Federal and state
securities laws.

 

     129

     

    

All
information, including requests for waivers and amendments, furnished by any Borrower or the Administrative Agent pursuant to,
or in the course of administering, this Agreement or the other Loan Documents will be syndicate-level information, which may contain
material non-public information about the Parent Borrower and its Affiliates and their related parties or their respective securities.
Accordingly, each Lender represents to the Borrowers and the Administrative Agent that it has identified in its administrative
questionnaire a credit contact who may receive information that may contain material non-public information in accordance with
its compliance procedures and applicable law, including Federal and state securities laws.

 

Each
Borrower represents and warrants that it and its Subsidiaries either (i) have no registered or publicly traded securities outstanding,
or (ii) files its financial statements with the SEC and/or makes its financial statements available to potential holders of its
144A securities, and, accordingly, each Borrower hereby (i) authorizes the Administrative Agent to make the financial statements
to be provided under Section 6.1(a) and (b), along with the Loan Documents, available to Public-Siders and (ii) agrees that at
the time such financial statements are provided hereunder, they shall already have been made available to holders of its securities.
No Borrower will request that any other material be posted to Public-Siders without expressly representing and warranting to the
Administrative Agent in writing that such materials do not constitute material non-public information within the meaning of the
federal securities laws or that the Parent Borrower and its Subsidiaries have no outstanding publicly traded securities, including
144A securities. For the avoidance of doubt, the Projections shall not be posted to Public-Siders.

 

Each
Borrower hereby acknowledges that (a) the Administrative Agent will make available to the Lenders materials and/or information
provided by or on behalf of the Loan Parties hereunder (collectively, the “Borrower Materials”) by posting
the Borrower Materials on IntraLinks/IntraAgency or another similar electronic system (the “Platform”) and
(b) certain of the Lenders may be Public-Siders. If any Borrower Materials are designated by the Loan Parties as “PRIVATE”,
such Borrower Materials will not be made available to that portion of the Platform designated “Public Investor,” which
is intended to contain only information that is either publicly available or not material information (though it may be sensitive
and proprietary) with respect to the Parent Borrower, its Subsidiaries or their securities for purposes of federal and state securities
laws. The Administrative Agent shall be entitled to treat any Borrower Materials that are not marked “PRIVATE” or
“CONFIDENTIAL” as not containing any material non-public information with respect to the Parent Borrower, its Subsidiaries
or their securities for purposes of federal and state securities laws.

 

10.16
WAIVERS OF JURY TRIAL. EACH BORROWER, THE ADMINISTRATIVE AGENT AND THE LENDERS HEREBY IRREVOCABLY AND UNCONDITIONALLY
WAIVE TRIAL BY JURY IN ANY LEGAL ACTION OR PROCEEDING RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT AND FOR ANY COUNTERCLAIM
THEREIN.

 

10.17
USA PATRIOT Act. Each Lender hereby notifies each Borrower that pursuant to the requirements of the USA PATRIOT Act (Title
III of Pub. L. 107-56 (signed into law October 26, 2001)) (the “PATRIOT Act”), it is required to obtain, verify
and record information that identifies each Borrower, which information includes the name and address of each Borrower and other
information that will allow such Lender to identify each Borrower in accordance with the PATRIOT Act.

 

10.18
Intercreditor Agreements. Each Lender hereby authorizes and directs the Administrative Agent to enter into any intercreditor
agreement reasonably satisfactory to the Administrative Agent on its behalf, perform such intercreditor agreement on its behalf
and take any actions thereunder as determined by the Administrative Agent to be necessary or advisable to protect the interests
of the Lenders, and each Lender agrees to be bound by the terms of such intercreditor agreement. 

 

     130

     

    

10.19
Acknowledgement and Consent to Bail-In of EEA Financial Institutions. Notwithstanding anything to the contrary in any Loan
Document or in any other agreement, arrangement or understanding among any such parties, each party hereto acknowledges that any
liability of any EEA Financial Institution arising under any Loan Document may be subject to the Write-Down and Conversion Powers
of an EEA Resolution Authority and agrees and consents to, and acknowledges and agrees to be bound by:

 

(a)       the
application of any Write-Down and Conversion Powers by an EEA Resolution Authority to any such liabilities arising hereunder which
may be payable to it by any party hereto that is an EEA Financial Institution; and

 

(b)       the
effects of any Bail-In Action on any such liability, including, if applicable:

 

(i)       a
reduction in full or in part or cancellation of any such liability;

 

(ii)       a
conversion of all, or a portion of, such liability into shares or other instruments of ownership in such EEA Financial Institution,
its parent entity, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other
instruments of ownership will be accepted by it in lieu of any rights with respect to any such liability under this Agreement
or any other Loan Document; or

 

(iii)       the
variation of the terms of such liability in connection with the exercise of the Write-Down and Conversion Powers of any EEA Resolution
Authority.

 

10.20
Conversion of Currencies.

 

(a)       If,
for the purpose of obtaining judgment in any court, it is necessary to convert a sum owing hereunder in one currency into another
currency, each party hereto (including, upon any Subsidiary becoming a Subsidiary Borrower, such Subsidiary Borrower) agrees,
to the fullest extent that it may effectively do so, that the rate of exchange used shall be that at which, in accordance with
normal banking procedures in the relevant jurisdiction, the first currency could be purchased with such other currency on the
Business Day immediately preceding the day on which final judgment is given.

 

(b)       The
obligations of the Borrowers in respect of any sum due to any party hereto or any holder of the obligations owing hereunder (the
“Applicable Creditor”) shall, notwithstanding any judgment in a currency (the “Judgment Currency”)
other than the currency in which such sum is stated to be due hereunder (the “Agreement Currency”), be discharged
only to the extent that, on the Business Day following receipt by the Applicable Creditor of any sum adjudged to be so due in
the Judgment Currency, the Applicable Creditor may in accordance with normal banking procedures in the relevant jurisdiction purchase
the Agreement Currency with the Judgment Currency; if the amount of the Agreement Currency so purchased is less than the sum originally
due to the Applicable Creditor in the Agreement Currency, the Borrowers agree, as a separate obligation and notwithstanding any
such judgment, to indemnify the Applicable Creditor against such loss. The obligations of the Borrowers contained in this Section
10.20 shall survive the termination of this Agreement and the payment of all other amounts owing hereunder.

 

[REMAINDER
OF PAGE INTENTIONALLY LEFT BLANK;

SIGNATURE
PAGES FOLLOW.]

 

     131

     

    

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

 

	 	ULTRA
                    CLEAN HOLDINGS, INC., as the Parent Borrower
	 
	 	 	 
	 	By:	 	 
	 	Name:	 	 
	 	Title:	 	 
	 	 	 

 

 

 

     132

     

    

 

 

	 	BARCLAYS
                    BANK PLC, as

                    Administrative Agent
	 
	 	 	 
	 	By:	 	 
	 	Name:	 	 
	 	Title:	 	 
	 	 	 

 

 

 

     133

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00288-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00288-of-00352.parquet"}]]