Document:

Exhibit 10.1

 

EXECUTION COPY

 

 

U.S. $1,250,000,000

 

364-DAY CREDIT AGREEMENT

 

Dated as of November 13, 2020

 

Among

 

3M COMPANY

as Borrower,

 

JPMORGAN CHASE BANK, N.A.,

as Administrative Agent,

 

CITIBANK, N.A.,

as Syndication Agent,

 

DEUTSCHE BANK SECURITIES INC.

 

and

 

BANK OF AMERICA, N.A.,

as Documentation Agents,

 

and

 

THE BANKS NAMED HEREIN,

as Banks

 

  

JPMORGAN CHASE BANK, N.A.,

 

CITIBANK, N.A.,

 

DEUTSCHE BANK SECURITIES INC.

 

and

 

BOFA SECURITIES, INC.,

as Joint Lead Arrangers and Joint Bookrunners

 

     

     

    

 

Table of Contents

 

Page

 

	1.	DEFINITIONS	1
	 	 	 
	 	1.1   	Generally	1
	 	1.2   	Times	9
	 	1.3   	Interest Rates; LIBOR Notification	10
	 	1.4.   	Divisions	10
	 	 	 	 
	2.	LINE OF CREDIT	10
	 	2.1   	Advances	10
	 	2.2   	[Reserved]	11
	 	2.3   	[Reserved]	11
	 	2.4   	[Reserved]	11
	 	2.5   	Conditions Precedent to Each Advance	11
	 	2.6   	Evidence of Debt	11
	 	 	 	 
	3.	[Reserved]	12
	 	 	 
	4.	FEES AND EXPENSES	12
	 	4.1   	Commitment Fee	12
	 	4.2   	[Reserved]	12
	 	4.3   	Expenses	12
	 	4.4   	Additional Fees	13
	 	 	 	 
	5.	INTEREST	13
	 	5.1   	Floating Rate	13
	 	5.2   	LIBO Rate	13
	 	5.3   	Default Rate	14
	 	5.4   	Fees on LIBO Rate Advances; Capital Adequacy; Funding Exceptions	14
	 	5.5   	Mitigation of Yield Protection	17
	 	5.6   	Reference Rate Replacement	17
	 	 	 	 
	6.	DISBURSEMENTS AND PAYMENTS	25
	 	6.1   	Requests for Borrowings	25
	 	6.2   	Payments	26
	 	6.3   	Prepayments	28
	 	6.4   	Termination or Reduction of the Commitments	29
	 	6.5   	Taxes	29
	 	6.6   	Judgment Currency	30
	 	6.7   	Defaulting Banks	31
	 	6.8   	Replacement of Defaulting Banks	31
	 	 	 	 
	7.	CONDITIONS PRECEDENT	32
	 	 	 
	8.	REPRESENTATIONS AND WARRANTIES	32
	 	 	 
	9.	COVENANTS	32
	 	9.1   	Financial Information	32
	 	9.2   	Covenants	33

 

    -i-

     

    

 

	10.	EVENTS OF DEFAULT AND REMEDIES	35
	 	10.1   	Default	35
	 	10.2   	Remedies	37
	 	10.3   	Setoff	37
	 	 	 	 
	11.	AGENCY	37
	 	11.1   	Authorization.	37
	 	11.2   	Distribution of Payments and Proceeds	38
	 	11.3   	Expenses	38
	 	11.4   	Payments Received Directly by Banks	39
	 	11.5   	Indemnification	39
	 	11.6   	Limitations on Agent’s Power	39
	 	11.7   	Exculpation of the Agent by the Banks	40
	 	11.8   	Agent and Affiliates	40
	 	11.9   	Credit Investigation	40
	 	11.10   	Resignation	40
	 	11.11   	Assignments and Participations	41
	 	11.12   	Syndication Agent and Documentation Agent	42
	 	11.13   	Delegation of Duties	43
	 	11.14   	Bank ERISA Representation	43
	 	 	 	 
	12.	MISCELLANEOUS	44
	 	12.1   	365-Day Year	44
	 	12.2   	GAAP	44
	 	12.3   	No Waiver; Cumulative Remedies	44
	 	12.4   	Amendments, Etc.	45
	 	12.5   	Binding Effect: Assignment	45
	 	12.6   	New York Law	45
	 	12.7   	Severability of Provisions	45
	 	12.8   	Integration	45
	 	12.9   	Notice	45
	 	12.10   	Indemnification by the Borrower	46
	 	12.11   	Customer Identification - USA Patriot Act Notice	46
	 	12.12   	Execution in Counterparts	46
	 	12.13   	Waiver of Jury Trial	47
	 	12.14   	Jurisdiction	47
	 	12.15   	Substitution of Currency	47
	 	12.16	No Fiduciary Relationship	47
	 	12.17	Acknowledgement and Consent to Bail-In of Affected Financial Institutions	48

 

    -ii-

     

    

 

364-Day Credit Agreement

Dated as of November 13, 2020

 

3M Company, a Delaware corporation, the Banks, as defined below,
and JPMorgan Chase Bank, N.A., a national banking association, as Administrative Agent for the Banks, hereby agree as follows:

 

		1.	DEFINITIONS

 

		1.1	Generally.

 

“Administrative Questionnaire” means an Administrative
Questionnaire in a form supplied by the Agent.

 

“Advance” means an advance under Section 2.1.

 

“Affected Financial Institution” has the meaning
specified in Section 12.17.

 

“Affiliate”, as applied to any Person, means any
other Person directly or indirectly controlling, controlled by, or under common control with, that Person. For the purposes of
this definition, “control” (including, with correlative meanings, the terms “controlling”, “controlled
by” and “under common control with”), as applied to any Person, means the possession, directly or indirectly,
of the power to direct or cause the direction of the management and policies of that Person, whether through the ownership of
voting securities or by contract or otherwise.

 

“Agent” means JPMorgan, in its capacity as lead
arranger and administrative agent for the Banks hereunder (which may act through any of its Affiliates in performance of its duties
hereunder).

 

“Agent's Account” means (a) in the case of
Advances denominated in Dollars, the account of the Agent maintained by the Agent at JPMorgan at its office at 500 Stanton Christiana
Road, Newark, Delaware 19713, Account No. 9008113381H0305, Attention: Chelsea Hamilton, e-mail: chelsea.hamilton@jpmchase.com,
(b) in the case of Advances denominated in any Committed Currency, the account of the Agent designated in writing from time
to time by the Agent to the Borrower and the Banks for such purpose and (c) in any such case, such other account of the Agent
as is designated in writing from time to time by the Agent to the Borrower and the Banks for such purpose.

 

“Aggregate Commitment Amount” means the sum of
each Bank’s Commitment.

 

“Aggregate Outstandings” means, at any time, an
amount equal to the aggregate principal balance of the Advances then outstanding (based on the Equivalent in Dollars at such time).

 

“Agreement” means this 364-Day Credit Agreement.

 

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

 

     

     

    

 

“Applicable Fee Percentage” means 0.025%.

 

“Applicable Margin” means (a) for LIBO Rate Advances
as of any date, a percentage per annum equal to 0.75% and (b) for Floating Rate Advances as of any date, a rate per annum equal
to 0.00%.

 

“Assignment Certificate” means a certificate, acceptable
to the Agent in form and substance, assigning a Bank’s rights and obligations under this Agreement or a related document
pursuant to Section 11.11.

 

“Bail-In Action” has the meaning specified in Section
12.17.

 

“Bankruptcy Event” means, with respect to any Person,
such Person becomes the subject of a bankruptcy or insolvency proceeding, or has had
a receiver, conservator, trustee, administrator, custodian, assignee for the benefit of creditors or similar Person charged with
the reorganization or liquidation of its business appointed for it, or, in the good faith determination of the 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.

 

“Banks” means JPMorgan, acting on its own behalf
and not as Agent; and each other Person (other than the Borrower) that is a party hereto or hereafter becomes a party hereto pursuant
to the procedures set forth in Section 11.11.

 

“Base Rate” means a fluctuating interest rate per
annum in effect from time to time, which rate per annum shall at all times be equal to the highest of (i) the Prime Rate in effect
on such day, (ii) the NYFRB Rate in effect on such day plus one-half of one percent (.50%) and (iii) the LIBO Base Rate applicable
to Dollars for a one month Interest Period on such day (or if such day is not a Business Day, the immediately preceding Business
Day) (“One Month LIBOR”) plus 1.00% (for the avoidance of doubt, the One Month LIBOR for any day shall be based on
the rate appearing on Reuters LIBOR01 Page (or other commercially available source providing such quotations as designated by
the Agent from time to time) at approximately 11:00 a.m. London time on such day); provided that if One Month LIBOR shall be less
than zero, such rate shall be deemed to be zero for purposes of this Agreement. Any change in the Base Rate due to a change in
the Prime Rate, the NYFRB Rate or the LIBO Base Rate shall be effective from and including the effective date of such change in
the Prime Rate, the NYFRB Rate or the LIBO Base Rate, respectively. If the Base Rate is being used as an alternate rate of interest
pursuant to Section 5.6, then the Base Rate shall be the greater of clauses (i) and (ii) above and shall be determined without
reference to clause (iii) above. For the avoidance of doubt, if the Base Rate as determined pursuant to the foregoing would be
less than zero such rate shall be deemed to be zero for purposes of this Agreement.

 

    -2-

     

    

 

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

 

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

 

“Borrower” means 3M Company, a Delaware corporation.

 

“Borrowing” means a borrowing under Section 2.1
consisting of simultaneous pro rata Advances to the Borrower by each of the Banks severally.

 

“Borrowing Minimum” means, in respect of Advances
denominated in Dollars, $10,000,000, in respect of Advances denominated in Sterling, £5,000,000 and, in respect of Advances
denominated in Euros, €10,000,000.

 

“Bribery Act” means the United Kingdom Bribery
Act of 2010.

 

“Business Day” means a day other than a Saturday,
Sunday, United States national holiday or other day on which banks in New York are permitted or required by law to close. Whenever
the context relates to a LIBO Rate or amounts bearing interest at a LIBO Rate “Business Day” means a day (i) that
meets the foregoing definition, and (ii) on which dealings are carried on in the London interbank market and banks are open for
business in London and in the country of issue of the currency of such LIBO Rate Advance (or, in the case of an Advance denominated
in Euro, on which the Trans-European Automated Real-Time Gross Settlement Express Transfer (TARGET) System is open).

 

“Committed Currencies” means Sterling,
Euros and any other currency that is freely convertible into Dollars and agreed to by all Banks and the Agent.

 

“Commitment” means, with respect to each Bank,
(a) the Dollar amount set forth opposite such Bank’s name on Schedule I hereto or if such Bank has entered into an
Assignment Certificate, the Dollar amount set forth for such Bank in the records maintained by the Agent, as such amount may be
reduced pursuant to Section 6.4, or (b) the commitment of that Bank to make Advances hereunder, as the context may require.

 

“Commitment Termination Date” means November 12,
2021 or, if earlier, the date on which the Banks’ Commitments are terminated pursuant to Section 10 or by agreement of the
parties.

 

“Credit Exposure”
means, with respect to any Bank (i) at any time prior to termination of the Commitments in full, such Bank’s Commitment
(whether used or unused); provided that in the case of Section 6.7 when a Defaulting Bank shall exist, “Credit
Exposure” shall mean the percentage of the total Commitments (disregarding any Defaulting Bank’s Commitment) represented
by such Bank’s Commitment, or (ii) thereafter, such Bank’s Outstandings. 

 

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

 

“Defaulting
Bank” means any Bank that (a) has failed, within two Business Days of the date required to be funded or paid, to (i) fund
any portion of its Advances or (ii) pay over to the Agent or any other Bank any other amount required to be paid by it
hereunder, unless, in the case of clause (i) above, such Bank notifies the Agent in writing that such failure is the result of
such Bank’s good faith determination that a condition precedent to funding (specifically identified and including the particular
default, if any) has not been satisfied, (b) has notified the Borrower, the Agent or any Bank 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 Bank’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 the Agent, acting in good faith,
to provide a certification in writing from an authorized officer of such Bank that it will comply with its obligations (and is
financially able to meet such obligations) to fund prospective Advances under this Agreement, provided that such Bank shall cease
to be a Defaulting Bank pursuant to this clause (c) upon the Agent’s receipt of such certification in form and substance
satisfactory to it and the Agent, or (d) has become the subject of a Bankruptcy Event or a Bail-In Action.

 

    -3-

     

    

 

“Dollars” and the “$” sign each means
lawful currency of the United States of America.

 

“EBITDA” means, for any period, net income (or net
loss) plus the sum of (a) interest expense, (b) income tax expense, (c) depreciation expense and (d) amortization
expense, in each case determined in accordance with GAAP for such period.

 

“EBITDA to Interest Ratio” means, as of the last
day of any Fiscal Quarter, the ratio of (i) consolidated EBITDA of the Borrower and its subsidiaries for the period of four consecutive
Fiscal Quarters then ended to (ii) interest payable on, and amortization of debt discount in respect of, all Funded Debt
of the Borrower and its subsidiaries during such period of four Fiscal Quarters.

 

“Effective Date” means the date on which the conditions
precedent set forth in Section 7 have been satisfied, which shall be no later than November 13, 2020.

 

“Eligible Assignee” means (i) any Bank or any Affiliate
of any Bank; (ii) a commercial bank organized under the laws of the United States or any state thereof; or (iii) a commercial
bank organized under the laws of any other country which is a member of the Organization for Economic Cooperation and Development
or a political subdivision of such country; provided that (x) neither the Borrower nor any Affiliate of the Borrower shall be
an Eligible Assignee, (y) any Eligible Assignee or any corporation controlling such Eligible Assignee must also have senior unsecured
long-term debt ratings which are rated at least A- (or the equivalent) as publicly announced by S&P or Fitch or A3 (or the
equivalent) as publicly announced by Moody’s, and (z) any Eligible Assignee or any corporation controlling such Eligible
Assignee must have shareholders’ equity in an amount not less than $3,000,000,000.

 

“Equivalent” in Dollars of any Committed Currency
or in any Committed Currency of Dollars on any date, means the quoted spot rate appearing at oanda.com/convert/classic or, if
such rate is not available, the rate at which the Agent offers, in accordance with normal banking industry practice, to exchange
Dollars or such Committed Currency for such Committed Currency or Dollars, as the case may be, in New York, New York prior to
4:00 P.M. (New York time) on such date.

 

    -4-

     

    

 

“ERISA” means the Employment Retirement Security
Act of 1974, as amended from time to time, and the regulations and rulings issued thereunder.

 

“EURIBO Rate” means, for any Interest Period, the
rate appearing on Page 248 of the Moneyline Telerate Service (or on any successor or substitute page of such Service, or any successor
to or substitute for such Service, providing rate quotations comparable to those currently provided on such page of such Service,
as determined by the Agent from time to time for purposes of providing quotations of interest rates applicable to deposits in
Euro by reference to the Banking Federation of the European Union Settlement Rates for deposits in Euro) at approximately 10:00
A.M., London time, two Business Days prior to the commencement of such Interest Period, as the rate for deposits in Euro with
a maturity comparable to such Interest Period.

 

“Euro” means the lawful currency of
the European Union as constituted by the Treaty of Rome which established the European Community, as such treaty may be amended
from time to time and as referred to in the EMU legislation.

 

“Event of Default” means an event specified in
Section 10.1.

 

“FCPA” means the United States Foreign Corrupt
Practices Act of 1977.

 

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

 

“Fee Letter” means one or more separate agreements
between the Borrower and the Agent, setting forth the terms of certain fees to be paid by the Borrower to the Agent for the benefit
of the Banks and/or for the Agent’s own behalf, as more fully set forth therein.

 

“Fiscal Quarter” means any of the four periods,
each approximately three calendar months in length, comprising the Borrower’s fiscal year.

 

“Fitch” means Fitch, Inc.

 

“Floating Rate” means, for any period, a fluctuating
interest rate per annum equal for each such day during such period to the sum of the Base Rate for such day, plus the Applicable
Margin for such day.

 

“Funded Debt” means the sum of (i) all obligations
of the Borrower and its subsidiaries for borrowed money, including but not limited to principal and interest with respect to all
indebtedness hereunder and all other senior or subordinated debt for borrowed money, (ii) all purchase money obligations
of the Borrower and its subsidiaries, including obligations under any capitalized lease, (iii) the face amount of all letters
of credit issued for the account of the Borrower and its subsidiaries, and (iv) all other interest-bearing obligations of
the Borrower and its subsidiaries that are required to be listed as a liability on a balance sheet under GAAP. All determinations
under this definition shall be made with respect to the Borrower and its subsidiaries on a consolidated basis.

 

“GAAP” has the meaning set forth in Section 12.2.

 

    -5-

     

    

 

“Interest Period” means, for each LIBO Rate Advance
comprising part of the same Borrowing, the period commencing on the date of such LIBO Rate Advance or the date of the Conversion
of any Floating Rate Advance into such LIBO Rate Advance and ending on the last day of the period selected by the Borrower pursuant
to the provisions of Section 5.2 and, thereafter, each subsequent period commencing on the last day of the immediately preceding
Interest Period and ending on the last day of the period selected by the Borrower pursuant to the provisions of Section 5.2. The
duration of each such Interest Period shall be one, two, three or six months, and subject to clause (c) of this definition, twelve
months, as the Borrower may, upon notice received by the Agent (and in the case of a LIBO Rate Advance denominated in a Committed
Currency, to the London Sub-Agent) not later than 11:00 A.M. (New York City time) on the third Business Day prior to
the first day of such Interest Period, select; provided, however, that:

 

(a)        the
Borrower may not select any Interest Period that ends after any Commitment Termination Date or, if the Advances have been converted
to a term loan pursuant to Section 6.2(c) prior to such selection, that ends after the Maturity Date;

 

(b)       Interest
Periods commencing on the same date for LIBO Rate Advances comprising part of the same Borrowing shall be of the same duration;

 

(c)       the
Borrower shall not be entitled to select an Interest Period having duration of twelve months
unless, by 2:00 P.M. (New York City time) on the third Business Day prior to the first day of such Interest Period, each Bank
notifies the Agent that such Bank will be providing funding for such Borrowing with such Interest Period (the failure of any Bank
to so respond by such time being deemed for all purposes of this Agreement as an objection by such Bank to the requested duration
of such Interest Period); provided that, if any or all of the Banks object to the requested duration of such Interest Period,
the duration of the Interest Period for such Borrowing shall be one, two, three or six months, as specified by the Borrower requesting
such Borrowing in the applicable Notice of Borrowing as the desired alternative to an Interest Period of twelve months;

 

(d)        whenever
the last day of any Interest Period would otherwise occur on a day other than a Business Day, the last day of such Interest Period
shall be extended to occur on the next succeeding Business Day, provided, however, that, if such extension would
cause the last day of such Interest Period to occur in the next following calendar month, the last day of such Interest Period
shall occur on the next preceding Business Day; and

 

(e)        whenever
the first day of any Interest Period occurs on a day of an initial calendar month for which there is no numerically corresponding
day in the calendar month that succeeds such initial calendar month by the number of months equal to the number of months in such
Interest Period, such Interest Period shall end on the last Business Day of such succeeding calendar month.

 

    -6-

     

    

 

“JPMorgan” means JPMorgan Chase Bank, N.A., a national
banking association.

 

“LIBO Base Rate” means, with respect to any Interest
Period for each LIBO Rate Advance comprising part of the same Borrowing, (a) in the case of any Advance denominated in Dollars
or any Committed Currency other than Euro, the rate per annum which appears on Reuters Screen LIBOR01 Page (or any successor page)
as the London interbank offered rate for deposits in Dollars or the applicable Committed Currency at approximately 11:00 A.M.
London time on the date two Business Days before, or, in the case of LIBO Rate Advances denominated in Sterling, on the date of,
the commencement of such Interest Period as the rate at which deposits in immediately available funds are offered on the London
interbank market for a term substantially equivalent to the applicable Interest Period or (b) in the case of any LIBO Rate Advance
denominated in Euros, the EURIBO Rate; provided that if any LIBO Base Rate shall be less than zero, such rate shall be
deemed to be zero for purposes of this Agreement.

 

“LIBO Rate” means the annual rate equal to the
sum of (i) the rate obtained by dividing (a) the applicable LIBO Base Rate, by (b) a percentage equal to 100% minus
the reserve percentage (expressed as a percentage) applicable to “Eurocurrency liabilities” (as defined in Regulation
D of the Board of Governors of the Federal Reserve System), and (ii) the Applicable Margin.

 

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

 

“Loan Documents” means this Agreement, the Notes,
any Fee Letter and any other document related hereto, together with all amendments, modifications and restatements thereof.

 

“London Sub-Agent” means J.P. Morgan Europe Limited.

 

“Maturity Date” means the earlier of (a) the first
anniversary of the Commitment Termination Date and (b) or, if earlier, the date on which the Banks’ Commitments are terminated
pursuant to Section 10 or by agreement of the parties.

 

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

 

“Note” means a note in substantially the form of
Exhibit C hereto with all blanks appropriately completed, together with any modifications and extensions thereof and any note
or notes issues in renewal thereof or substitution or replacement therefor.

 

    -7-

     

    

 

 

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

 

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

 

“Outstandings” means,
at any time with respect to any Bank, an amount equal to the aggregate principal balance of that Bank’s Advances then outstanding
(based on the Equivalent in Dollars at such time).

 

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

 

“Payment Office”
means, for any Committed Currency, such office of JPMorgan as shall be from time to time selected by the Agent and notified by
the Agent to the Borrower and the Banks.

 

“PBGC” means the
Pension Benefit Guaranty Corporation.

 

“Percentage” means,
with respect to each Bank, the ratio of (i) that Bank’s Credit Exposure, to (ii) the aggregate Credit Exposure
of all of the Banks.

 

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

 

“Prime Rate” means
the rate of interest last quoted by The Wall Street Journal as the “Prime Rate” in the U.S. or, if The Wall Street
Journal ceases to quote such rate, the highest per annum interest rate published by the Federal Reserve Board in Federal Reserve
Statistical Release H.15 (519) (Selected Interest Rates) as the “bank prime loan” rate or, if such rate is no longer
quoted therein, any similar rate quoted therein (as determined by the Agent) or any similar release by the Federal Reserve Board
(as determined by the Agent). Each change in the Prime Rate shall be effective from and including the date such change is publicly
announced or quoted as being effective.

 

“Required Banks”
means one or more Banks having an aggregate Percentage of at least fifty-one percent (51%).

 

“S&P” means S&P
Global Ratings.

 

    -8-

     

    

 

“Sanctions” means
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.

 

“Sanctioned Country”
means, at any time, a country or territory which is itself the subject or target of any Sanctions.

 

“Sanctioned Person”
means, at any time, (a) any Person listed in any Sanctions-related list of designated Persons maintained by the Office of Foreign
Assets Control of the U.S. Department of the Treasury, the U.S. Department of State, or by the United Nations Security Council,
the European Union or any EU member state, (b) any Person operating, organized or resident in a Sanctioned Country to the extent
such Person is the subject of Sanctions, or (c) any Person controlled or more than 50 percent owned by any such Person or Persons.

 

“Securitization Entity”
means a corporation, partnership, trust, limited liability company or other entity that is formed for the purpose of effecting
or facilitating a Securitization Transaction and which engages in no business and incurs no indebtedness or other liabilities
other than those related to or incidental to a Securitization Transaction.

 

“Securitization Transaction”
means a transaction or series of related transactions pursuant to which a corporation, partnership, trust, limited liability company
or other entity incurs obligations or issues interests, the proceeds of which are used to finance a discrete pool (which may be
fixed or revolving) of receivables or other financial assets.

 

“Sterling” means
lawful currency of the United Kingdom of Great Britain and Northern Ireland.

 

“Subsidiary” of any
specified Person means any other Person of which such first Person owns (either directly or indirectly through one or more other
Subsidiaries) a majority of the outstanding equity securities or other ownership interests carrying a majority of the voting power
in the election of the board of directors or other governing body of such Person.

 

“Term Loan Conversion Date”
means the Commitment Termination Date on which all Advances outstanding on such date are converted into a term loan pursuant to
Section 6.2(c).

 

“Term Loan Election”
has the meaning specified in Section 6.2(c).

 

1.2
           Times

 

All references to times of day
in this Agreement shall be references to New York, New York time unless otherwise specifically provided.

 

    -9-

     

    

 

1.3
            Interest Rates; LIBOR Notification

 

The interest rate on an Advance
denominated in Dollars or a Committed Currency may be derived from an interest rate benchmark that is, or may in the future become,
the subject of regulatory reform. Regulators have signaled the need to use alternative benchmark reference rates for some of these
interest rate benchmarks and, as a result, such interest rate benchmarks may cease to comply with applicable laws and regulations,
may be permanently discontinued, and/or the basis on which they are calculated may change. The London interbank offered rate is
intended to represent the rate at which contributing banks may obtain short-term borrowings from each other in the London interbank
market. In July 2017, the U.K. Financial Conduct Authority announced that, after the end of 2021, it would no longer persuade
or compel contributing banks to make rate submissions to the ICE Benchmark Administration (together with any successor to the
ICE Benchmark Administrator, the “IBA”) for purposes of the IBA setting the London interbank offered rate. As a result,
it is possible that commencing in 2022, the London interbank offered rate may no longer be available or may no longer be deemed
an appropriate reference rate upon which to determine the interest rate on LIBO Rate Advances. In light of this eventuality, public
and private sector industry initiatives are currently underway to identify new or alternative reference rates to be used in place
of the London interbank offered rate. Upon the occurrence of a Benchmark Transition Event, a Term SOFR Transition Event or an
Early Opt-in Election, Section 5.6(a) and (b) provide the mechanism for determining an alternative rate of interest. The Agent
will promptly notify the Borrower, pursuant to Section 5.6(d), of any change to the reference rate upon which the interest rate
on LIBO Rate Advances is based. However, the Agent does not warrant or accept any responsibility for, and shall not have any liability
with respect to, the administration, submission or any other matter related to the London interbank offered rate or other rates
in the definition of “LIBO Base Rate” or with respect to any alternative or successor rate thereto, or replacement
rate thereof (including, without limitation, (i) any such alternative, successor or replacement rate implemented pursuant to Section
5.6(a) or (b), whether upon the occurrence of a Benchmark Transition Event, a Term SOFR Transition Event or an Early Opt-in Election,
and (ii) the implementation of any Benchmark Replacement Conforming Changes pursuant to Section 5.6(c)), including without limitation,
whether the composition or characteristics of any such alternative, successor or replacement reference rate will be similar to,
or produce the same value or economic equivalence of, the LIBO Base Rate or have the same volume or liquidity as did the London
interbank offered rate prior to its discontinuance or unavailability.

 

1.4.          
Divisions

 

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

 

2.
             LINE OF CREDIT

 

2.1
           Advances.

 

Each Bank (acting through its
branches or Affiliates) severally agrees, on the terms and conditions hereinafter set forth, to make Advances (each, an “Advance”)
to the Borrower from time to time on any Business Day during the period from the Effective Date until the Commitment Termination
Date in accordance with this Section 2.1; provided, however, that no Bank shall have any obligation to make any
Advance if, after giving effect to such Advance, (i) that Bank’s Outstandings (based in respect of any Advances to
be denominated in a Committed Currency by reference to the Equivalent thereof in Dollars determined on the date of delivery of
the applicable request for such Borrowing) would exceed that Bank’s Commitment, or (ii) the Aggregate Outstandings
(based in respect of any Advances to be denominated in a Committed Currency by reference to the Equivalent thereof in Dollars
determined on the date of delivery of the applicable request for such Borrowing) would exceed the Aggregate Commitment Amount.
The credit facility established hereby is revolving; subject to the terms and conditions of this Agreement, the Borrower may borrow,
prepay pursuant to Section 6.3 and reborrow under this Section 2.1. The obligations of the Banks hereunder shall be several, but
not joint.

 

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2.2
          [Reserved].

 

2.3          [Reserved].

 

2.4
          [Reserved].

 

2.5
          Conditions Precedent to Each Advance.

 

The obligation of each Bank to
make any Advance hereunder shall be subject to the satisfaction of the following conditions precedent (and any request for an
Advance shall be deemed a representation and warranty by the Borrower that each of the following conditions precedent has been
satisfied):

 

		(a)	the
                                         Borrower has delivered to the Agent and the Banks each of the items required to be delivered
                                         pursuant to Section 7;
	 	 	 
		(b)	the
                                         representations and warranties of the Borrower contained in this Agreement (other than
                                         the representations and warranties listed as “Material Adverse Effect”, “Litigation”
                                         and “Environmental Matters” on Exhibit B) shall be true and correct on the
                                         date of such Advance as though made on and as of such date (except to the extent that
                                         any such representation or warranty is expressly stated to have been made as of a specific
                                         date, then such representation or warranty shall be true and correct as of such specific
                                         date); and
	 	 	 
		(c)	no
                                         Default or Event of Default exists.

 

 2.6          Evidence of Debt.

 

		(a)	Each
                                         Bank shall maintain in accordance with its usual practice an account or accounts evidencing
                                         the indebtedness of the Borrower to such Bank resulting from each Advance owing to such
                                         Bank from time to time, including the amounts of principal and interest payable and paid
                                         to such Bank from time to time hereunder in respect of Advances. The Borrower agrees
                                         that upon notice by any Bank to the Borrower (with a copy of such notice to the Agent)
                                         to the effect that a Note is required or appropriate in order for such Bank to evidence
                                         (whether for purposes of pledge, enforcement or otherwise) the Advances owing to, or
                                         to be made by, such Bank, the Borrower shall promptly execute and deliver to such Bank a Note payable to
the order of such Bank in a principal amount up to the Commitment of such Bank.

 

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		(b)	The
                                         Agent shall maintain a control account, and a subsidiary account for each Bank, in which
                                         accounts (taken together) shall be recorded (i) the date and amount of each Borrowing
                                         made hereunder, the type of Advances comprising such Borrowing and, if appropriate, the
                                         Interest Period applicable thereto, (ii) the terms of each Assignment Certificate delivered
                                         to and accepted by it, (iii) the amount of any principal or interest due and payable
                                         or to become due and payable from the Borrower to each Bank hereunder and (iv) the amount
                                         of any sum received by the Agent from the Borrower hereunder and each Bank’s share
                                         thereof.
	 	 	 
		(c)	Entries
                                         made in good faith and in conformity with sound industry standards by the Agent in the
                                         control and subsidiary accounts pursuant to subsection (b) above shall be prima facie
                                         evidence of the amount of principal and interest due and payable or to become due
                                         and payable from the Borrower to each Bank under this Agreement, absent manifest error;
                                         provided, however, that the Borrower shall have the right to inspect such
                                         entries and the failure of the Agent to make an entry, or any finding that an entry is
                                         incorrect, in such account or accounts shall not limit or otherwise affect the obligations
                                         of the Borrower under this Agreement.

 

3.            [Reserved]

 

4.            FEES AND EXPENSES

 

4.1
          Commitment Fee.

 

The Borrower will pay each Bank
a commitment fee on the aggregate amount of such Bank’s unused Commitment from the date of this Agreement through the Commitment
Termination Date at a rate per annum equal to the Applicable Fee Percentage. Each Bank’s unused Commitment shall be determined
by deducting from such Commitment the aggregate principal balance of such Bank’s Advances. Such fee shall be due and payable
quarterly in arrears on the last day of each March, June, September and December and on the Commitment Termination Date.

 

4.2
          [Reserved].

 

4.3
         Expenses.

 

The Borrower shall pay (i) all
reasonable attorneys’ fees and out-of-pocket expenses of such attorneys incurred by the Agent in connection with the preparation,
negotiation, execution and amendment of this Agreement and related documents and (ii) all costs and expenses (including but
not limited to reasonable attorneys’ fees and out-of-pocket expenses) incurred by the Agent or any of the Banks in connection
with the enforcement of this Agreement and related documents (including but not limited to reasonable attorneys’ fees and
out-of-pocket expenses of the Agent and each Bank, whether paid to outside counsel or allocated to in-house counsel).

 

    -12-

     

    

 

4.4
          Additional Fees.

 

The Borrower shall pay to the
Agent additional fees in the amounts set forth in any Fee Letter strictly pertaining to this Agreement.

 

 5.            INTEREST

 

5.1
         Floating Rate.

 

The principal balance of the
Advances denominated in Dollars shall bear interest at the Floating Rate unless the Borrower elects a LIBO Rate pursuant to Section
5.2, subject, however, to imposition of the default rate pursuant to Section 5.3.

 

5.2
         LIBO Rate.

 

		(a)	The
                                         Borrower may from time to time notify the Agent in writing or by telephone that a particular
                                         portion of the outstanding principal balance of the Advances shall bear interest at a
                                         LIBO Rate for a particular Interest Period. The portion of the outstanding balance of
                                         the Advances to which a LIBO Rate is applied (i) must be in an amount not less than
                                         the Borrowing Minimum or a multiple thereof, and (ii) must not bear, or otherwise
                                         be scheduled to bear, interest at a LIBO Rate at any time during the applicable Interest
                                         Period. Any LIBO Rate notification shall be irrevocable, must be made pro rata with respect
                                         to the Advances of each Bank, and must be received by the Agent before 11:00 a.m. (or,
                                         in the case of an Advance denominated in a Committed Currency, before 11:00 a.m. London
                                         time) on the day three Business Days before the Business Day which is the first day of
                                         the applicable Interest Period. Commencing on the first day of the applicable Interest
                                         Period and continuing through the last day thereof, the portion of the outstanding principal
                                         balance of the Advances to which the notification related shall bear interest at the
                                         applicable LIBO Rate (and the remaining part of the principal balance of the Advances,
                                         if any, shall continue to bear interest at the rate or rates previously applicable to
                                         such amounts), subject, however, to imposition of the default rate pursuant to Section
                                         5.3. At the termination of such Interest Period, unless a new LIBO Rate notification
                                         is requested and accepted by the Borrower, the interest rate applicable to the portion
                                         of the principal balance of (1) the Advances denominated in Dollars to which the LIBO
                                         Rate was applicable shall revert to the Floating Rate and (2) the Advances denominated
                                         in any Committed Currency shall be exchanged for an Equivalent amount of Dollars determined
                                         on such date and revert to the Floating Rate. 

 

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		(b)	Notwithstanding
                                         anything to the contrary in this Section, the Borrower’s right to have a portion
                                         of the Advances bear interest at a LIBO Rate hereunder shall be suspended (i) at
                                         any time that there is a Default or an Event of Default under this Agreement, (ii) if
                                         the Agent is advised by the Required Banks that the LIBO Base Rate for the applicable
                                         currency and such Interest Period will not adequately and fairly reflect the cost to
                                         such Banks (or Bank) of making or maintaining their Advances (or its Advance) included
                                         in such Borrowing for the applicable currency and such Interest Period, (iii) during
                                         any period in which any Bank shall notify the Agent that the introduction of or any change
                                         in or in the interpretation of any law or regulation makes it unlawful, or any governmental
                                         authority asserts that it is unlawful, for such Bank to perform its obligations hereunder
                                         or to fund or maintain LIBO Rate Advances hereunder or (iv) if the Agent determines (which
                                         determination shall be conclusive absent manifest error) that adequate and reasonable
                                         means do not exist for ascertaining the LIBO Base Rate for the applicable currency and
                                         such Interest Period, in which case (A) for each Advance denominated in any Committed
                                         Currency, the Borrower shall either (x) prepay such Advances or (y) exchange
                                         such Advances into an Equivalent amount of Dollars and such Advances shall revert to
                                         the Floating Rate and (B) the obligation of the Bank to make LIBO Rate Advances shall
                                         be suspended until the Agent shall notify the Borrower and the Banks that the circumstances
                                         causing such suspension no longer exist.

 

		(c)	Absent
                                         manifest error, the records of the Agent shall be conclusive evidence as to the amount
                                         of the Advances bearing interest at a LIBO Rate, the applicable LIBO Rate and the date
                                         on which the Interest Period applicable to such LIBO Rate expires. LIBO Rate Advances
                                         may not be outstanding as more than six separate Interest Periods. The Agent shall give
                                         prompt notice to the Borrower and the Banks of the applicable interest rate determined
                                         by the Agent as the Floating Rate and the LIBO Rate.

 

5.3
         Default Rate.

 

Upon the occurrence of an Event
of Default, and so long as such Event of Default continues without written waiver thereof by the Agent and the Required Banks,
in the sole discretion of the Required Banks and without waiving any of their other rights and remedies, the outstanding principal
balance of the Advances shall bear interest at an annual rate which shall be equal to two percent (2.00%) over the annual rate
or rates that would otherwise be in effect with respect to such Advances had there been no occurrence of such Event of Default.

 

5.4
         Fees on LIBO Rate Advances; Capital Adequacy; Funding Exceptions.

 

In addition to any interest payable
on Advances made hereunder and any fees or other amounts payable hereunder, the Borrower agrees:

 

		(a)	LIBO
                                         Rate Advances. If at any time any applicable law, rule or regulation or the interpretation
                                         or administration thereof by any governmental authority (including, without limitation,
                                         Regulation D of the Federal Reserve Board):

 

		(i)	shall
                                         subject any Bank to any tax, duty or other charges (including but not limited to any
                                         tax designed to discourage the purchase or acquisition of foreign securities or debt
                                         instruments by United States nationals) with respect to this Agreement, or shall materially
                                         change the basis of taxation of payments to any Bank of the principal of or interest
                                         on any portion of the principal balance of any Advances bearing interest at a LIBO Rate
                                         (except for the imposition of or changes in respect of the rate of tax on the overall
                                         net income of that Bank); or

 

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		(ii)	shall
                                         impose or deem applicable or increase any reserve, special deposit or similar requirement
                                         against assets of, deposits with or for the account of, or credit extended by any Bank
                                         because of any portion of the principal balance of any Advances bearing interest at a
                                         LIBO Rate and the result of any of the foregoing would be to increase the cost to that
                                         Bank of making or maintaining any such portion or to reduce any sum received or receivable
                                         by that Bank with respect to such portion;

 

then, within 30 days
after demand by that Bank the Borrower shall pay that Bank such additional amount or amounts as will compensate that Bank for
such increased cost or reduction. A certificate in reasonable detail of any Bank setting forth the basis for the determination
of such additional amount or amounts shall, absent obvious error, be conclusive evidence of such amount or amounts. The Agent
shall endeavor to notify the Borrower of any change in applicable laws, rules, regulations, interpretations or administrative
practices that may give rise to liability under this Section, but the Agent shall have no liability to the Borrower for failure
to so notify the Borrower, and the failure to give such notification shall not be a defense to the Borrower’s obligation
to pay any amounts under this paragraph (a).

 

		(b)	Capital
                                         Adequacy. If any Bank determines at any time that its Return has been reduced as
                                         a result of any Capital Adequacy Rule Change, that Bank may require the Borrower to pay
                                         it the amount necessary to restore that Bank’s Return to what it would have been
                                         had there been no Capital Adequacy Rule Change, provided that such Bank is generally
                                         charging, or intends to generally charge, such amounts to its customers that are similarly
                                         situated to the Borrower and with similar credit facilities, to the extent such Bank
                                         has the right under such similar credit facilities to do so (but such Bank shall not
                                         be required to disclose any confidential or proprietary information). For purposes of
                                         this paragraph (b), the following definitions shall apply:

 

		(i)	“Return”,
                                         for any calendar quarter or shorter period, means the percentage determined by dividing
                                         (A) the sum of interest and ongoing fees earned by a Bank under this Agreement during
                                         such period by (B) the average capital that Bank is required to maintain during such
                                         period as a result of its being a party to this Agreement, as determined by that Bank
                                         based upon its total capital requirements and a reasonable attribution formula that takes
                                         account of the Capital Adequacy Rules then in effect. Return may be calculated for each
                                         calendar quarter and for the shorter period between the end of a calendar quarter and
                                         the date of termination in whole of this Agreement.

 

		(ii)	“Capital
                                         Adequacy Rule” means any law, rule, regulation or guideline regarding capital adequacy
                                         or liquidity that applies to any Bank, or the interpretation thereof by any governmental
                                         or regulatory authority including, without limitation, any agency of the European Union
                                         or similar monetary or multinational authority. Capital Adequacy Rules include rules
                                         requiring financial institutions to maintain total capital or liquidity in amounts based
                                         upon percentages of outstanding loans, binding loan commitments and letters of credit.

 

    -15-

     

    

 

		(iii)	“Capital
                                         Adequacy Rule Change” means any change in any Capital Adequacy Rule occurring after
                                         the date of this Agreement, but does not include any changes in applicable requirements
                                         that at the date hereof are scheduled to take place under the existing Capital Adequacy
                                         Rules or any increases in the capital or liquidity that any Bank is required to maintain
                                         to the extent that the increases are required due to a regulatory authority’s assessment
                                         of that Bank’s financial condition. For the avoidance of doubt, any changes resulting
                                         from requests, rules, guidelines or directives concerning capital adequacy or liquidity
                                         (x) issued in connection with the Dodd-Frank Wall Street Reform and Consumer Protection
                                         Act or (y) promulgated by the Bank for International Settlements, the Basel Committee
                                         on Banking Supervision (or any successor or similar authority) or the United States or
                                         foreign regulatory authorities, in each case pursuant to Basel III, shall be deemed to
                                         occur after the date of this Agreement, regardless of the date enacted, adopted or issued.

 

		(iv)	“Bank”
                                         includes (but is not limited to) the Agent, the Banks, as defined elsewhere in this Agreement,
                                         any assignee of any interest of any Bank hereunder, any participant in the loans made
                                         hereunder and any holding company of any of the foregoing.

 

The initial notice sent
by a Bank shall be sent as promptly as practicable after that Bank learns that its Return has been reduced, shall include a demand
for payment of the amount necessary to restore that Bank’s Return for the quarter in which the notice is sent, shall state
in reasonable detail the cause for the reduction in that Bank’s Return and that Bank’s calculation of the amount of
such reduction, and shall include that Bank’s representation that it has made similar demand on one or more other commercial
borrowers with revolving or term loans in excess of $500,000. Thereafter, that Bank may send a new notice during each calendar
quarter setting forth the calculation of the reduced Return for that quarter and including a demand for payment of the amount
necessary to restore that Bank’s Return for that quarter. A Bank’s calculation in any such notice shall be conclusive
and binding absent demonstrable error.

 

		(c)	Funding
                                         Exceptions. The Borrower shall also compensate any Bank, upon written request by
                                         that Bank (which request shall set forth the basis for requesting such amounts), for
                                         all losses and imputed costs in respect of any interest or other consideration paid by
                                         that Bank to lenders of funds borrowed by it or deposited with it to maintain any portion
                                         of the principal balance of any Advances at a LIBO Rate which that Bank sustains (i)
                                         on account of any failure of the Borrower to borrow at a LIBO Rate on a date specified
                                         therefor in a notice provided by the Borrower to the Agent under Section 5.2 of
                                         this Agreement or (ii) due to any payment or prepayment (whether pursuant to Section
                                         6.2, 6.3, 9.2(d) or 10.2) of any Advance bearing interest at a LIBO Rate on a date other
                                         than the last day of the applicable Interest Period for such Advance. A certificate as
                                         to any such loss or cost (including calculations, in reasonable detail, showing how the
                                         applicable Bank computed such loss or cost) shall be promptly submitted by that Bank
                                         to the Borrower and shall, in the absence of manifest error, be conclusive and binding
                                         as to the amount thereof. Such loss or cost may be computed as though the applicable
                                         Bank acquired deposits in the London interbank market to fund that portion of the principal
                                         balance whether or not such Bank actually did so.

 

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5.5
          Mitigation of Yield Protection.

 

Each Bank hereby agrees that,
commencing as promptly as practicable after it becomes aware of the occurrence of any event giving rise to the operation of Section
5.4 or 6.5 with respect to such Bank, such Bank will give notice thereof through the Agent to the Borrower. The Borrower may at
any time, by notice through the Agent to any Bank, request that such Bank change its lending office as to any Advance or type
of Advance or that it specify a new lending office with respect to its Commitment and any Advance held by it or that it rebook
any such Advance with a view to avoiding or mitigating the consequences of an occurrence such as described in the preceding sentence,
and such Bank will use reasonable efforts to comply with such request unless, in the opinion of such Bank, such change or specification
or rebooking is inadvisable or might have an adverse effect, economic or otherwise, upon it, including its reputation. In addition,
each Bank agrees that, except for changes or specifications or rebookings required by law or effected pursuant to the preceding
sentence, if the result of any change or change of specification of lending office or rebooking would, but for this sentence,
be to impose additional costs or requirements upon the Borrower pursuant to Section 5.4 or Section 6.5 (which would not be imposed
absent such change or change of specification or rebooking) by reason of legal or regulatory requirements in effect at the time
thereof and of which such Bank is aware at such time, then such costs or requirements shall not be imposed upon the Borrower but
shall be borne by such Bank. All expenses incurred by any Bank in changing a lending office or specifying another lending office
of such Bank or rebooking any Advance in response to a request from the Borrower shall be paid by the Borrower. Nothing in this
Section 5.5 (including, without limitation, any failure by a Bank to give any notice contemplated in the first sentence hereof)
shall limit, reduce or postpone any obligations of the Borrower under Section 5.4 or Section 6.5, including any obligations payable
in respect of any period prior to the date of any change or specification of a new lending office or any rebooking of any Advance.

 

5.6
          Reference Rate Replacement.

 

(a)           Notwithstanding
anything to the contrary herein or in any other Loan Document, if a Benchmark Transition Event or an Early Opt-in Election, as
applicable, and its related Benchmark Replacement Date have occurred prior to the Reference Time in respect of any setting of
the then-current Benchmark, then (x) if a Benchmark Replacement is determined in accordance with clause (1) or (2) of the definition
of “Benchmark Replacement” for such Benchmark Replacement Date, such Benchmark Replacement will replace such Benchmark
for all purposes hereunder and under any Loan Document in respect
of such Benchmark setting and subsequent Benchmark settings without any amendment to, or further action or consent of any other
party to, this Agreement or any other Loan Document and (y) if a Benchmark Replacement is determined in accordance with clause
(3) of the definition of “Benchmark Replacement” for such Benchmark Replacement Date, such Benchmark Replacement will
replace such Benchmark for all purposes hereunder and under any Loan Document in respect of any Benchmark setting at or after 5:00
p.m. (New York City time) on the fifth (5th) Business Day after the date notice of such Benchmark Replacement is provided to the
Banks without any amendment to, or further action or consent of any other party to, this Agreement or any other Loan Document so
long as the Agent has not received, by such time, written notice of objection to such Benchmark Replacement from Banks comprising
the Required Banks.

 

    -17-

     

    

 

 

(b)          Notwithstanding anything to the contrary herein or in any
other Loan Document and subject to the proviso below in this paragraph, solely with respect to a LIBO Rate Advance denominated
in Dollars, if a Term SOFR Transition Event and its related Benchmark Replacement Date have occurred prior to the Reference Time
in respect of any setting of the then-current Benchmark, then the applicable Benchmark Replacement will replace the then-current
Benchmark for all purposes hereunder and under any Loan Document in respect of such Benchmark setting and subsequent Benchmark
settings, without any amendment to, or further action or consent of any other party to, this Agreement; provided that, this clause
(b) shall not be effective unless the Agent has delivered to the Banks and the Borrower a Term SOFR Notice. For the avoidance of
doubt, the Agent shall not be required to deliver a Term SOFR Notice after a Term SOFR Transition Event and may do so in its sole
discretion.

 

(c)          In connection with the implementation
of a Benchmark Replacement, the Agent will have the right to make Benchmark Replacement Conforming Changes from time to time and,
notwithstanding anything to the contrary herein or any other Loan Document, any amendments implementing such Benchmark Replacement
Conforming Changes will become effective without any further action or consent of any other party to this Agreement or any other
Loan Document.

 

(d)          The Agent will promptly notify the Borrower
and the Banks of (i) any occurrence of a Benchmark Transition Event, a Term SOFR Transition Event or an Early Opt-in Election,
as applicable, and its related Benchmark Replacement Date, (ii) the implementation of any Benchmark Replacement, (iii) the effectiveness
of any Benchmark Replacement Conforming Changes, (iv) the removal or reinstatement of any tenor of a Benchmark pursuant to clause
(e) below and (v) the commencement or conclusion of any Benchmark Unavailability Period. Any determination, decision or election
that may be made by the Agent or, if applicable, any Bank (or group of Banks) pursuant to this Section 5.6, including any determination
with respect to a tenor, rate or adjustment or of the occurrence or non-occurrence of an event, circumstance or date and any decision
to take or refrain from taking any action or any selection, will be conclusive and binding absent manifest error and may be made
in its or their sole discretion and without consent from any other party to this Agreement or any other Loan Document, except,
in each case, as expressly required pursuant to this Section 5.6.

 

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

 

(f)           Upon the Borrower’s
receipt of notice of the commencement of a Benchmark Unavailability Period, the Borrower may revoke any request for a Borrowing
of, conversion to or continuation of LIBO Rate Advances to be made, converted or continued during any Benchmark Unavailability
Period and, failing that, either (x) the Borrower will be deemed to have converted any request for a LIBO Rate Borrowing denominated
in Dollars into a request for a Borrowing of or conversion to Floating Rate Advances or (y) any LIBO Rate Borrowing denominated
in a Committed Currency shall be ineffective. During any Benchmark Unavailability Period or at any time that a tenor for the then-current
Benchmark is not an Available Tenor, the component of Base Rate based upon the then-current Benchmark or such tenor for such Benchmark,
as applicable, will not be used in any determination of Base Rate. Furthermore, if any LIBO Rate Advance in any Agreed Currency
is outstanding on the date of the Borrower’s receipt of notice of the commencement of a Benchmark Unavailability Period with
respect to a Relevant Rate applicable to such LIBO Rate Advance, then (i) if such LIBO Rate Advance is denominated in Dollars,
then on the last day of the Interest Period applicable to such Advance (or the next succeeding Business Day if such day is not
a Business Day), such Advance shall be converted by the Agent to, and shall constitute, a Floating Rate Advance on such day or
(ii) if such LIBO Rate Advance is denominated in any Agreed Currency (other than Dollars), then such Advance shall, on the last
day of the Interest Period applicable to such Advance (or the next succeeding Business Day if such day is not a Business Day),
at the Borrower’s election prior to such day: (A) be prepaid by the Borrower on such day or (B) be exchanged for an Equivalent
amount of Dollars and be converted by the Agent to, and (subject to the remainder of this subclause (B)) shall constitute, a Floating
Rate Advance on such day (it being understood and agreed that if the Borrower does not so prepay such Advance on such day by 12:00
noon New York City time) the Agent is authorized to effect such exchange and conversion of such LIBO Rate Advance into a Floating
Rate Advance), and, in the case of such subclause (B), upon any subsequent implementation of a Benchmark Replacement in respect
of such Agreed Currency pursuant to this Section 5.6, such Floating Rate Advance shall then be exchanged for an Equivalent amount
of such Agreed Currency and converted by the Agent to, and shall constitute, a LIBO Rate Advance denominated in such original Agreed
Currency on the day of such implementation, giving effect to such Benchmark Replacement in respect of such Agreed Currency.

 

As used in this Agreement:

 

    -19-

     

    

 

“Agreed Currencies” means Dollars and each Committed
Currency.

 

“Available Tenor” means, as of any date of determination
and with respect to the then-current Benchmark, as applicable, any tenor for such Benchmark or payment period for interest calculated
with reference to such Benchmark, as applicable, that is or may be used for determining the length of an Interest Period pursuant
to this Agreement as of such date and not including, for the avoidance of doubt, any tenor for such Benchmark that is then-removed
from the definition of “Interest Period” pursuant to clause (e) of Section 5.6.

 

“Benchmark” means, initially, the Relevant Rate;
provided that if a Benchmark Transition Event, a Term SOFR Transition Event or an Early Opt-in Election, as applicable, and its
related Benchmark Replacement Date have occurred with respect to the Relevant Rate or the then-current Benchmark, then “Benchmark”
means the applicable Benchmark Replacement to the extent that such Benchmark Replacement has replaced such prior benchmark rate
pursuant to clause (a) or clause (b) of Section 5.6.

 

“Benchmark Replacement” means, for any Available
Tenor, the first alternative set forth in the order below that can be determined by the Agent for the applicable Benchmark Replacement
Date; provided that, in the case of any Advance denominated in an Committed Currency, “Benchmark Replacement” shall
mean the alternative set forth in (3) below:

 

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

 

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

 

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

 

provided that, in the case of clause (1), such Unadjusted Benchmark
Replacement is displayed on a screen or other information service that publishes such rate from time to time as selected by the
Agent in its reasonable discretion; provided further that, solely with respect to a Advance denominated in Dollars, notwithstanding
anything to the contrary in this Agreement or in any other Loan Document, upon the occurrence of a Term SOFR Transition Event,
and the delivery of a Term SOFR Notice, on the applicable Benchmark Replacement Date the “Benchmark Replacement” shall
revert to and shall be deemed to be the sum of (a) Term SOFR and (b) the related Benchmark Replacement Adjustment, as set forth
in clause (1) of this definition (subject to the first proviso above).

 

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

 

    -20-

     

    

 

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

 

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

 

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

 

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

 

(2) for purposes of clause (3) of the definition
of “Benchmark Replacement,” the spread adjustment, or method for calculating or determining such spread adjustment,
(which may be a positive or negative value or zero) that has been selected by the Agent and the Borrower for the applicable Corresponding
Tenor giving due consideration to (i) any selection or recommendation of a spread adjustment, or method for calculating or determining
such spread adjustment, for the replacement of such Benchmark with the applicable Unadjusted Benchmark Replacement by the Relevant
Governmental Body on the applicable Benchmark Replacement Date and/or (ii) any evolving or then-prevailing market convention for
determining a spread adjustment, or method for calculating or determining such spread adjustment, for the replacement of such Benchmark
with the applicable Unadjusted Benchmark Replacement for syndicated credit facilities denominated in the applicable Agreed Currency
at such time;

 

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

 

“Benchmark Replacement Conforming Changes”
means, with respect to any Benchmark Replacement, any technical, administrative or operational changes (including changes to
the definition of “Base Rate,” the definition of “Business Day,” the definition of “Interest
Period,” timing and frequency of determining rates and making payments of interest, timing of borrowing requests or
prepayment, conversion or continuation notices, length of lookback periods, the applicability of breakage provisions, and
other technical, administrative or operational matters) that the Agent decides may be appropriate to reflect the adoption and
implementation of such Benchmark Replacement and to permit the administration thereof by the Agent in a manner substantially
consistent with market practice (or, if the Agent decides that adoption of any portion of such market practice is not
administratively feasible or if the Agent determines that no market practice for the administration of such Benchmark
Replacement exists, in such other manner of administration as the Agent decides is reasonably necessary in connection with
the administration of this Agreement and the other Loan Documents).

 

    -21-

     

    

 

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

 

(1) in the case of clause (1) or (2) of
the definition of “Benchmark Transition Event,” the later of (a) the date of the public statement or publication of
information referenced therein and (b) the date on which the administrator of such Benchmark (or the published component used in
the calculation thereof) permanently or indefinitely ceases to provide all Available Tenors of such Benchmark (or such component
thereof);

 

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

 

(3) in the case of a Term SOFR Transition
Event, the date that is thirty (30) days after the date a Term SOFR Notice is provided to the Banks and the Borrower pursuant to
Section 5.6(c); or

 

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

 

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

 

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

 

(1) a public statement or publication of
information by or on behalf of the administrator of such Benchmark (or the published component used in the calculation thereof)
announcing that such administrator has ceased or will cease to provide all Available Tenors of such Benchmark (or such component
thereof), permanently or indefinitely, provided that, at the time of such statement or publication, there is no successor administrator
that will continue to provide any Available Tenor of such Benchmark (or such component thereof);

 

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

 

    -22-

     

    

 

(3) a public statement or publication of
information by the regulatory supervisor for the administrator of such Benchmark (or the published component used in the calculation
thereof) announcing that all Available Tenors of such Benchmark (or such component thereof) are no longer representative.

 

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

 

“Benchmark Unavailability Period” means, with respect
to any Benchmark, the period (if any) (x) beginning at the time that a Benchmark Replacement Date pursuant to clauses (1) or (2)
of that definition has occurred if, at such time, no Benchmark Replacement has replaced such then-current Benchmark for all purposes
hereunder and under any Loan Document in accordance with Section 5.6 and (y) ending at the time that a Benchmark Replacement has
replaced such then-current Benchmark for all purposes hereunder and under any Loan Document in accordance with Section 5.6.

 

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

 

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

 

“Early Opt-in Election” means:

 

(a)        in the case of
Advances denominated in Dollars, the occurrence of:

 

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

 

    -23-

     

    

 

(2) the joint election by the Agent and
the Borrower to trigger a fallback from LIBOR and the provision by the Agent of written notice of such election to the Banks; and

 

(b)        in the case of
Advances denominated in any Committed Currency, the occurrence of:

 

(1) (i) a determination by the Agent or
(ii) a notification by the Required Banks to the Agent (with a copy to the Borrower) that the Required Banks have determined that
syndicated credit facilities denominated in the applicable Committed Currency being executed at such time, or that include language
similar to that contained in Section 5.6 are being executed or amended, as applicable, to incorporate or adopt a new benchmark
interest rate to replace the Relevant Rate, and

 

(2) (i) the election by the Agent or (ii)
the election by the Required Banks to declare that an Early Opt-in Election has occurred and the provision, as applicable, by the
Agent of written notice of such election to the Borrower and the Banks or by the Required Banks of written notice of such election
to the Agent.

 

“Floor” means the benchmark rate floor, if any,
provided in this Agreement initially (as of the execution of this Agreement, the modification, amendment or renewal of this Agreement
or otherwise) with respect to the LIBO Base Rate.

 

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

 

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

 

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

 

“Relevant Governmental Body” means (i) with respect
to a Benchmark Replacement in respect of Advances denominated in Dollars, the Federal Reserve Board and/or the NYFRB, or a committee
officially endorsed or convened by the Federal Reserve Board and/or the NYFRB or, in each case, any successor thereto and (ii)
with respect to a Benchmark Replacement in respect of Advances denominated in any Committed Currency, (a) the central bank for
the currency in which such Benchmark Replacement is denominated or any central bank or other supervisor which is responsible for
supervising either (1) such Benchmark Replacement or (2) the administrator of such Benchmark Replacement or (b) any working group
or committee officially endorsed or convened by (1) the central bank for the currency in which such Benchmark Replacement is denominated,
(2) any central bank or other supervisor that is responsible for supervising either (A) such Benchmark Replacement or (B) the administrator
of such Benchmark Replacement, (3) a group of those central banks or other supervisors or (4) the Financial Stability Board or
any part thereof.

 

    -24-

     

    

 

“Relevant Rate” means (i) with respect to any LIBO
Rate Borrowing denominated in an Agreed Currency (other than Euros), LIBOR or (ii) with respect to any LIBO Rate Borrowing denominated
in Euros, the EURIBO Rate.

 

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

 

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

 

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

 

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

 

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

 

“Term SOFR Transition Event” means the determination
by the Agent that (a) Term SOFR has been recommended for use by the Relevant Governmental Body, (b) the administration of Term
SOFR is administratively feasible for the Agent and (c) a Benchmark Transition Event or an Early Opt-in Election, as applicable,
has previously occurred resulting in a Benchmark Replacement in accordance with Section 5.6 that is not Term SOFR.

 

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

 

		6.	DISBURSEMENTS AND PAYMENTS

 

		6.1	Requests for Borrowings.

 

Each Borrowing shall occur on written or telephonic
request (confirmed immediately in writing) to the Agent (and in the case of a LIBO Rate Borrowing denominated in a Committed
Currency, to the London Sub-Agent) from a person believed by the Agent to be an officer of or other authorized representative
for the Borrower. A request for a Borrowing must be received by the Agent (and in the case of a LIBO Rate Advance denominated
in a Committed Currency, to the London Sub-Agent) (i) not later than 1:00 P.M. on the day that such Borrowing is to be made
in the case of a Borrowing that is to bear interest initially at the Floating Rate or (ii) not later than 11:00 A.M. on the
day three Business Days before the Business Day which is the first day of the applicable Interest Period for such Borrowing
in the case of a Borrowing denominated in Dollars that is to bear interest initially (in whole or in part) at a LIBO Rate,
(y) 2:00 P.M. (London time) on the day three Business Days before the Business Day which is the first day of the applicable
Interest Period for such Borrowing in the case of a Borrowing denominated in any Committed Currency. Each Borrowing
denominated in any Committed Currency shall bear interest at a LIBO Rate. Each Borrowing must be in an amount not less than
the Borrowing Minimum or a multiple thereof and shall consist of Advances in the same currency made on the same day by the
Banks ratably according to their respective Commitments. Each such notice of a Borrowing shall specify the requested
(i) date of such Borrowing, (ii) whether the Advances comprising such Borrowing are to be LIBO Rate Advances,
(iii) aggregate amount of such Borrowing, and (iv) in the case of a Borrowing consisting of LIBO Rate Advances,
initial Interest Period and currency for each such Advance. Upon receipt of any such request, the Agent shall notify the
Banks of the intended Borrowing no later than 2:00 P.M. on the date such request for such Borrowing is received by the Agent.
At or before 3:00 P.M. on the date the requested Borrowing is to be made, in the case of a Borrowing consisting of Advances
denominated in Dollars, and before 11:00 A.M. (London time) on the date of such Borrowing, in the case of a Borrowing
consisting of Advances denominated in any Committed Currency, each Bank shall remit its Percentage of the requested Borrowing
to the Agent at the applicable Agent's Account in immediately available funds. Prior to the close of business on the day the
requested Borrowing is to be made, the Agent shall disburse such funds by crediting the same to the Borrower’s demand
deposit account maintained with the Agent or in such other manner as the Agent and any officer of the Borrower may agree in
writing. Any Borrowing that is to initially bear interest at a LIBO Rate shall also be subject to all conditions set forth in
Section 5.2 hereof.

 

    -25-

     

    

 

Unless the Agent shall have received notice from a Bank prior
to the time of any Borrowing that such Bank will not make available to the Agent such Bank’s ratable portion of such Borrowing,
the Agent may assume that such Bank has made such portion available to the Agent on the date of such Borrowing in accordance with
this Section 6.1 and the Agent may, in reliance upon such assumption, make available to the Borrower on such date a corresponding
amount. If and to the extent that such Bank shall not have so made such ratable portion available to the Agent, such Bank and the
Borrower severally agree to repay to the Agent forthwith on demand such corresponding amount together with interest thereon, for
each day from the date such amount is made available to the Borrower until the date such amount is repaid to the Agent, at (i) in
the case of the Borrower, the interest rate applicable at the time to such Advances comprising such Borrowing and (ii) in
the case of such Bank, (A) the NYFRB Rate, in the case of Advances denominated in Dollars or (B) the cost of funds incurred by
the Agent in respect of such amount in the case of Advances denominated in Committed Currencies. If such Bank shall repay to the
Agent such corresponding amount, such amount so repaid shall constitute such Bank’s Advance as part of such Borrowing for
purposes of this Agreement.

 

		6.2	Payments.

 

		(a)	Generally. The Borrower shall initiate all payments, except with respect to principal of, interest on, and other amounts
relating to, Advances denominated in a Committed Currency, of principal, interest, fees and other payments due under this Agreement
and all prepayments with respect to this Agreement to the Banks by means of payment made by the Borrower to the Agent in Dollars
not later than 12:00 noon in same day funds for the account of the Banks. The Borrower shall initiate each payment with respect
to principal of, interest on, and other amounts relating to, Advances denominated in a Committed Currency,
not later than 11:00 A.M. (at the Payment Office for such Committed Currency) on the day when due in such Committed Currency
to the Agent, by deposit of such funds to the applicable Agent's Account in same day funds. All such payments shall be made in
immediately available funds. Any payment due on a day on which the Agent is not open for substantially all of its business shall
be due on the next day on which the Agent is so open. Whenever any payment hereunder shall be stated to be due on a day other than
a Business Day, such payment shall be made on the next succeeding Business Day, and such extension of time shall in such case be
included in the computation of payment of interest or fee or commission, as the case may be; provided, however, that, if such extension
would cause payment of interest on or principal of LIBO Rate Advances to be made in the next following calendar month, such payment
shall be made on the next preceding Business Day. Absent obvious error, the records of the Agent will be conclusive evidence of
the principal and accrued interest owing with respect to all Advances.

 

    -26-

     

    

 

		(b)	Advances: Interest Payments. Interest accruing on the Advances during any month at the Floating Rate shall be payable
quarterly in arrears on the last day of each March, June, September and December and at maturity. Interest accruing on the Advances
at the LIBO Rate shall be payable on the last day of the applicable Interest Period and at maturity and, if the applicable Interest
Period has a duration of longer than three months, on the day during such Interest Period that is every three months after the
first day of such Interest Period.

 

		(c)	Advances: Principal Payment. Subject to the next succeeding sentence, the entire principal balance of the Advances owing
to each Bank shall be due and payable in full on the Commitment Termination Date. The Borrower may, upon not less than one Business
Day notice to the Agent and payment of a fee for the ratable benefit of the Banks equal to 0.50% of the aggregate principal amount
of the Advances then outstanding, elect (the “Term Loan Election”) to convert all of the Advances outstanding
on the Commitment Termination Date into a term loan which the Borrower shall repay in full ratably to the Banks on the Maturity
Date. The Term Loan Election may be exercised if: (i) on the date of notice of the Term Loan Election and on the Term Loan Conversion
Date no Default or Event of Default exists and the representations and warranties of the Borrower contained in this Agreement (other
than the representations and warranties listed as “Material Adverse Effect”, “Litigation” and “Environmental
Matters” on Exhibit B) shall be true and correct and (ii) the 0.50% fee has been paid to the Agent for the ratable benefit
of the Banks no later than Term Loan Conversion Date. All Advances converted into a term loan pursuant to this Section 6.2(c) shall
continue to constitute Advances except that the Borrower may not reborrow pursuant to Section 2.1 after all or any portion of such
Advances have been prepaid pursuant to Section 6.3.

 

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To the extent that the Agent receives funds for
application to the amounts owing by the Borrower under or in respect of this Agreement or any Note in currencies other than
the currency or currencies required to enable the Agent to distribute funds to the Banks in accordance with the terms of this
Section 6.2, the Agent shall be entitled to convert or exchange such funds into Dollars or into a Committed Currency or from
Dollars to a Committed Currency or from a Committed Currency to Dollars, as the case may be, to the extent necessary to
enable the Agent to distribute such funds in accordance with the terms of this Section 6.2; provided that the Borrower and
each of the Banks hereby agree that the Agent shall not be liable or responsible for any loss, cost or expense suffered by
the Borrower or such Bank as a result of any conversion or exchange of currencies effected pursuant to this Section 6.2 or as
a result of the failure of the Agent to effect any such conversion or exchange, except for such loss, cost or expense due to
the Agent’s negligence, gross negligence or willful misconduct, as determined by a court of competent jurisdiction in a
final non-appealable judgment; and provided further that the Borrower agrees to indemnify the Agent and each Bank, and hold
the Agent and each Bank harmless, for any and all losses, costs and expenses incurred by the Agent or any Bank for any
conversion or exchange of currencies (or the failure to convert or exchange any currencies) in accordance with this Section
6.2 except for such losses, costs or expenses due to the Agent’s or Bank’s negligence, gross negligence or
willful misconduct, as determined by a court of competent jurisdiction in a final non-appealable judgment.

 

		6.3	Prepayments.

 

(a) Optional. The Borrower may prepay the Advances in
whole at any time or from time to time in part, without penalty or premium, provided that (i) prepayment of any Bank’s
Advances must be accompanied by pro rata prepayment of each other Bank’s Advances, (ii) any partial prepayment must
be in an aggregate amount not less than $5,000,000 (or the approximate Equivalent thereof in any Committed Currency), (iii) prepayment
of any principal bearing interest at a Base Rate may be made only on one Business Day’s notice to the Agent, and (iv) any
prepayment of Advances, which at the time of such prepayment bear interest at a LIBO Rate, shall be (A) made only on three
Business Days’ notice to the Agent, (B) in a principal amount equal to that portion of the entire Borrowing to which any
given LIBO Rate was applicable, and (C) accompanied by accrued interest on such prepayment through the date of prepayment
and additional compensation calculated in accordance with Section 5.4(c) hereof.

 

(b) Mandatory. If, on any date, the Agent notifies
the Borrower that, on any interest payment date, the sum of (i) the aggregate principal amount of all Advances denominated in
Dollars then outstanding plus (ii) the Equivalent in Dollars (determined on the third Business Day prior to such interest
payment date) of the aggregate principal amount of all Advances denominated in Committed Currencies then outstanding exceeds
105% of the aggregate Commitments of the Banks on such date, the Borrower shall, as soon as practicable and in any event
within two Business Days after receipt of such notice, subject to the proviso to this sentence set forth below, prepay the
outstanding principal amount of any Advances in an aggregate amount sufficient to reduce such sum to an amount not to exceed
100% of the aggregate Commitments of the Banks on such date together with any interest accrued to the date of such prepayment
on the aggregate principal amount of Advances prepaid; provided that if the aggregate principal amount of Floating Rate
Advances outstanding at the time of such required prepayment is less than the amount of such required prepayment, the portion
of such required prepayment in excess of the aggregate principal amount of Floating Rate Advances then outstanding shall be
deferred until the earliest to occur of the last day of the Interest Period of the outstanding LIBO Rate Advances in an
amount equal to the excess of such required prepayment. The Agent shall give prompt notice of any prepayment required under
this Section 6.3(b) to the Borrower and the Banks, and shall provide prompt notice to the Borrower of any such notice of
required prepayment received by it from any Bank.

 

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		6.4	Termination or Reduction of the Commitments.

 

The Borrower may from time to time on at least ten calendar
days’ prior notice received by the Agent (which shall promptly advise each Bank thereof) terminate the Commitments of the
Banks in whole or permanently reduce the Commitments of the Banks in part, provided that (i) the Commitments of the Banks may not
be terminated in whole at any time that any Advance remains outstanding, (ii) each partial reduction of the Commitments of the
Banks shall be in the minimum amount of $10,000,000 or in a multiple of $10,000,000 in excess thereof, (iii) each partial reduction
of the Commitments of the Banks shall be pro rata as to all of the Commitments of the Banks on the basis of the respective Percentages
of the Banks, and (iv) no partial reduction of the Commitments of the Banks shall reduce the aggregate amount of the Commitments
of the Banks to an amount less than the Aggregate Outstandings.

 

		6.5	Taxes.

 

		(a)	All payments made by the Borrower to the Agent or any Bank (herein any “Payee”) under or in connection with this
Agreement shall be made without any setoff or other counterclaim, and free and clear of and without deduction for or on account
of any present or future Taxes now or hereafter imposed by any governmental or other authority, except to the extent that such
deduction or withholding is compelled by law. As used herein, the term “Taxes” shall include all income, excise and
other taxes of whatever nature (other than taxes generally assessed on the overall net income of the Payee by the government or
other authority of the country, state or political subdivision in which such Payee is incorporated or in which the office through
which the Payee is acting is located) as well as all levies, imposts, duties, charges, or fees of whatever nature. If the Borrower
is compelled by law to make any such deductions or withholdings it will:
	 	 	 

		(i)	pay to the relevant authorities the full amount required to be so withheld or deducted;
	 	 	 

		(ii)	provided that such Payee has furnished to the Agent and the Borrower U.S. Internal Revenue Service Form W-8BEN-E or W-8ECI,
or W-9, properly claiming entitlement to exemption from U.S. Federal withholding tax on all interest payments hereunder), pay such
additional amounts (including, without limitation, any penalties, interest or expenses) as may be necessary in order that the net
amount received by each Payee after such deductions or withholdings (including any required deduction or withholding on such additional
amounts) shall equal the amount such Payee would have received had no such deductions or withholdings for Taxes been made; and
	 	 	 

		(iii)	promptly forward to the Agent (for delivery to such Payee) an official receipt or other documentation satisfactory to the Agent
evidencing such payment to such authorities.

 

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		(b)	If any Taxes otherwise payable by the Borrower pursuant to the foregoing paragraph are directly asserted against any Payee,
such Payee may pay such Taxes and the Borrower promptly shall reimburse such Payee to the full extent otherwise required by such
paragraph. The obligations of the Borrower under this Section 6.5 shall survive any termination of this Agreement. Each Bank by
its execution of this Agreement does hereby represent (and each additional Bank by its execution of any Assignment Certificate
pursuant to Section 11.11 shall be deemed to represent) to each other Bank, the Agent and the Borrower that if such Bank or additional
Bank is organized under the laws of any jurisdiction other than the United States or any state thereof, such Bank or additional
Bank has furnished to the Agent and the Borrower either U.S. Internal Revenue Service Form W-8BEN-E or W-8ECI, or W-9, as applicable.
If the form provided by a Bank or additional Bank at the time such Bank or additional Bank first becomes a party to this Agreement
indicates a United States interest withholding tax rate in excess of zero, withholding tax at such rate shall be considered excluded
from Taxes.

 

		(c)	If the Borrower makes an increased tax payment to a Bank under the foregoing clause (a)(ii) and that Bank determines in its
absolute discretion that (a) a tax credit is attributable to that tax payment, and (b) that Bank has obtained, utilized and fully
retained that tax credit on an affiliated group basis, then such Bank shall pay an amount to the Borrower which that Bank determines
in its absolute discretion will leave it (after that payment) in the same after-tax position as it would have been in had the payment
under clause (a)(ii) not been required to be made by the Borrower; provided, however, that (i) such Bank shall be the sole judge
of the amount of such tax credit and the date on which it is received, (ii) no Bank shall be obliged to disclose information regarding
its tax affairs or tax computations, (iii) nothing herein shall interfere with a Bank’s right to manage its tax affairs in
whatever manner it sees fit, and (iv) if such Bank shall subsequently determine that it has lost the credit of all or a portion
of such tax credit, the Borrower shall promptly remit to such Bank the amount certified by such Bank to be the amount necessary
to restore such Bank to the position it would have been in if no payment had been made pursuant to this sentence.

 

		6.6	Judgment Currency.

 

If, for the purpose of obtaining judgment in any court, it
is necessary to convert a sum due under this Agreement in Dollars or any alternative currency (the “Specified
Currency”) into another currency (the “Judgment Currency”), the rate of exchange which shall be applied
shall be that at which, in accordance with normal banking procedures, the Agent could purchase the Specified Currency with
the amount of the Judgment Currency on the Business Day next preceding the day on which such judgment is rendered. The
obligation of the Borrower with respect to any such sum due from it to the Agent or any Bank (each, an “Entitled
Person”) shall, notwithstanding the rate of exchange actually applied in rendering such judgment, be discharged only to
the extent that on the Business Day following receipt by such Entitled Person of any sum adjudged to be due under this
Agreement in the Judgment Currency, such Entitled Person may, in accordance with normal banking procedures, purchase and
transfer to the required location of payment the Specified Currency with the amount of the Judgment Currency so adjudged to
be due; and the Borrower hereby, as a separate obligation and notwithstanding any such judgment, agrees to indemnify such
Entitled Person against, and to pay such Entitled Person on demand, in the applicable Specified Currency, any difference
between the sum originally due to such Entitled Person in the Specified Currency and the amount of the Specified Currency so
purchased and transferred on that Business Day.

  

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

 

(a)              
fees shall cease to accrue on the unfunded portion of the Commitment of such
Defaulting Bank pursuant to Section 4.1; and

 

(b)              
the Credit Exposure of such Defaulting Bank shall not be included in determining whether the Required Banks have taken
or may take any action hereunder (including any consent to any amendment, waiver or other modification pursuant to Section 12.4);
provided, that this clause (b) shall not apply to the vote of a Defaulting Bank in the case of an amendment, waiver or other modification
requiring the consent of such Bank or each Bank affected thereby.

 

In
the event that the Agent and the Borrower each agrees that a Defaulting Bank has adequately remedied all matters that caused such
Bank to be a Defaulting Bank, then such Bank shall purchase at par such of the Advances of the other Banks as the Agent shall
determine may be necessary in order for such Bank to hold such Advances in accordance with its Percentage.

 

		6.8	Replacement
                                         of Defaulting Banks.

 

If any Bank becomes a Defaulting Bank, then the Borrower may,
at its sole expense and effort, upon notice to such Bank and the Agent, require such Bank to assign and delegate, without recourse
(in accordance with and subject to the restrictions contained in Section 11.11), all its interests, rights and obligations
under this Agreement to an assignee that shall assume such obligations (which assignee may be another Bank, if a Bank accepts
such assignment); provided that (i) the Borrower shall have received the prior written consent of the Agent, which
consent shall not unreasonably be withheld, conditioned or delayed and (ii) such Bank shall have received payment of an amount
equal to the outstanding principal of its Advances, accrued interest thereon, accrued fees and all other amounts payable to it
hereunder, from the assignee (to the extent of such outstanding principal and accrued interest and fees) or the Borrower (in the
case of all other amounts). A Bank shall not be required to make any such assignment and delegation if, prior thereto, the circumstances
entitling the Borrower to require such assignment and delegation cease to apply.

 

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		7.	CONDITIONS PRECEDENT

 

On or before the date hereof, the Borrower shall deliver to
the Agent the documents detailed in Exhibit A, properly executed and in form and content acceptable to the Agent and the Banks.
For purposes of determining compliance with the conditions of this Section 7, each Bank shall be deemed to have consented to, approved
or accepted or to be satisfied with each document or other matter required thereunder to be consented to or approved by or acceptable
or satisfactory to the Banks unless an officer of the Agent responsible for the transactions contemplated by this Agreement shall
have received notice from such Bank prior to the date hereof, specifying its objection thereto.

 

		8.	REPRESENTATIONS AND WARRANTIES

 

To induce the Agent and the Banks to enter into this Agreement,
the Borrower makes the representations and warranties contained in Exhibit B. Each request for a Borrowing under this Agreement
and the Term Loan Election in accordance with Section 6.2(c) constitutes a reaffirmation of these representations and warranties
(other than the representations and warranties listed as “Material Adverse Effect”, “Litigation” and “Environmental
Matters” on Exhibit B) as of the date of such Borrowing, such Term Loan Election and the Term Loan Conversion Date.

 

		9.	COVENANTS.

 

From the date hereof through the Commitment Termination Date,
and thereafter until the Advances are paid in full, unless the Required Banks (or the Agent, with the consent of the Required Banks)
shall otherwise agree in writing, the Borrower shall do the following:

 

		9.1	Financial Information

 

The Borrower shall deliver to the Agent:

 

		(a)	Annual Financial Statements. Within 100 days of the Borrower’s fiscal year end, the Borrower’s consolidated
annual financial statements. The statements must be audited with an unqualified opinion by a certified public accountant acceptable
to the Agent.
	 	 	 

		(b)	Interim Financial Statements. Within 60 days of each Fiscal Quarter, the Borrower’s interim financial statements.
These statements will be prepared on a consolidated basis and in accordance with GAAP. These statements will include a statement
of cash flows.
	 	 	 

		(c)	Compliance Certificate. Concurrent with the financial statements required above, a compliance certificate, in the form
of Exhibit E, signed by an officer of the Borrower, attesting to the accuracy of the financial statements, and demonstrating in
form acceptable to the Agent that the Borrower remains in compliance with the covenants detailed in this Agreement.

 

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		(d)	Notices. Promptly upon becoming aware of the same, written notice of any Default or Event of Default.
	 	 	 

		(e)	Additional Information. Promptly following any request therefor, (x) such other information as the Agent or any Bank
(through the Agent) may reasonably request and (y) information and documentation reasonably requested by the Agent or any Bank
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..
	 	 	 

		(f)	Beneficial Ownership Certification. Promptly upon becoming aware of the same, written notice of any change in the information
provided in the Beneficial Ownership Certification delivered to such Bank that would result in a change to the list of beneficial
owners identified in such certification.

 

The Borrower shall deliver the statements required under paragraphs
(a) and (b) to the Agent by e-mail containing either the body of such statements or a hyperlink to the location of such statements
on the World Wide Web. Upon the Agent’s receipt of any of the foregoing from the Borrower, the Agent shall promptly deliver
a copy of the same to each Bank, transmitted in the manner received by the Agent.

 

		9.2	Covenants

 

The Borrower shall:

 

		(a)	Negative Pledge. Not create, incur or suffer to exist any pledge, lien, security interest, assignment or transfer upon
or of any of the Borrower’s accounts receivable or other rights to payment, whether now existing or hereafter created or
existing; provided, however, nothing in this Section 9.2(a) shall prohibit the Borrower from (i) assigning or transferring
certain of its accounts receivable in connection with a sale of the part of its business from which such accounts receivable have
arisen, or (ii) transferring not more than 25% of its accounts receivable (with such percentage determined by face amount
of the accounts receivable as of the time immediately before such transfer) to a Securitization Entity in connection with a Securitization
Transaction, so long as the Borrower receives reasonably equivalent value on account of such transfer.
	 	 	 

		(b)	Taxes. Pay, when due, all taxes, assessments and governmental charges levied or imposed upon the Borrower; provided,
however, the Borrower shall not be required to pay any such tax, assessment or governmental charge whose amount, applicability
or validity is being contested in good faith by appropriate proceedings and for which adequate reserves have been established by
the Borrower in accordance with generally accepted accounting principles.
	 	 	 

		(c)	Insurance. Cause its properties to be adequately insured against loss or damage and to carry such other insurance
                                                               as is usually carried by persons engaged in the same or similar business. Such insurance shall either be maintained by the Borrower through self-insurance through captive insurance
companies or by insurance issued by reputable and solvent insurance companies.

 

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		(d)	Merger. Refrain from being acquired by any other entity and refrain from transferring all or substantially all of its
assets to, or consolidating, merging or otherwise combining with, any other entity where the Borrower is not the surviving entity;
provided, however, the Borrower’s failure to comply with the requirements of this Section 9.2(d) shall not constitute an
Event of Default under Section 10.1(f) of this Agreement, but instead shall give the Required Banks the right, by written notice
to the Borrower, to demand payment of unpaid principal, accrued interest and all other amounts payable under this Agreement and
to terminate the Commitments, with such demand and termination to be effective thirty calendar days’ following such written
notice from the Required Banks to the Borrower.
	 	 	 

		(e)	Maintenance of Properties. Make all repairs, renewals or replacements necessary to keep its plant, properties and equipment
in good working condition; provided, however, that nothing in this Section 9.2(e) shall prevent the Borrower from discontinuing
the operation or maintenance of such plant, properties or equipment if such discontinuance is, in the judgment of the Borrower,
desirable in the conduct of its business.
	 	 	 

		(f)	Books and Records. Maintain adequate books and records in accordance with generally accepted accounting principles.
	 	 	 

		(g)	Compliance with Laws. Comply with all material laws and regulations applicable to its business.
	 	 	 

		(h)	Preservation of Rights. Maintain and preserve its corporate existence and all material rights, privileges, charters
and franchises it now has; provided, however, that the Borrower shall not be required to preserve any such right, privilege, charter
or franchise if the Board of Directors of the Borrower shall determine that the preservation thereof is no longer desirable in
the conduct of the business of the Borrower.
	 	 	 

		(i)	Inspection. Upon reasonable notice by the Agent to the Borrower, permit the Agent or any Bank to visit and inspect the
Borrower’s properties and examine its books and records to the extent the Agent or such Bank determines such inspection and
examination is necessary for the Agent or such Bank to observe and monitor the Borrower’s financial performance and financial
condition and to assure the Borrower’s compliance with its obligations under this Agreement.

 

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		(j)	Use of Proceeds. (x) Use the proceeds of the Advances solely for the Borrower’s general corporate purposes; provided,
however, the proceeds of the Advances shall not be used by the Borrower (i) in connection with any acquisition by the
Borrower of other businesses, whether through merger, consolidation, acquisition of assets, acquisition of stock or other ownership
interests or otherwise; or (ii) in connection with or preparation for any case or proceeding
contemplated by Section 10.1(j) hereof; and (y) not request any Borrowing, and not knowingly use, and use commercially reasonable
efforts to procure that its Subsidiaries and its or their respective directors, officers, employees and agents shall not knowingly
use, the proceeds of any Borrowing (A) in furtherance of a corrupt offer, payment, promise to pay, or authorization of the payment
or giving of money, or anything else of value, to any Person in a manner which constitutes (1) a violation of the FCPA, (2) a violation
of the Bribery Act, or (3) a material violation of any other 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, except to
the extent licensed by the Office of Foreign Assets Control of the U.S. Department of the Treasury or the U.S. Department of State
or otherwise authorized under the U.S. law, or (C) in any manner that would result in the violation of any Sanctions applicable
to any party hereto.
	 	 	 

		(k)	Foreign Assets Control. Ensure that neither the Borrower nor any subsidiary of the Borrower nor any Person who owns
a controlling interest in or otherwise controls the Borrower is or shall be listed on (i) the lists of Specially Designated
Nationals and Blocked Persons maintained by the Department of the Treasury’s Office of Foreign Assets Control, or (ii) the
list of persons whose property or interests in property are blocked or subject to blocking pursuant to section 1 of Executive Order
13224 of September 23, 2001.
	 	 	 

		(l)	Ratio of EBITDA to Interest. Maintain its EBITDA to Interest Ratio as of the end of each fiscal quarter of the Borrower
at not less than 3.0 to 1.
	 	 	 

		(m)	Anti-Corruption Laws and Sanctions. Maintain in effect and enforce policies and procedures reasonably designed to ensure
compliance by the Borrower, its Subsidiaries and their respective directors, officers, employees and agents in all material respects
with Anti-Corruption Laws and applicable Sanctions.
	 	 	 

These covenants were negotiated by the Banks and the Borrower
based on information provided to the Banks by the Borrower. A breach of a covenant is an indication that the risk of the transaction
has increased. In consideration for any waiver or modification of these covenants, the Banks may require: collateral or other credit
support; higher fees or interest rates; and/or revised loan documentation or monitoring. Any covenant waiver or modification will
be made in the sole discretion of the Required Banks. The foregoing in no way limits the rights of the Agent and Banks under Section
10 of this Agreement.

 

		10.	EVENTS OF DEFAULT AND REMEDIES.

 

		10.1	Default

 

As used herein, “Event of Default” means any of
the following:

 

		(a)	Default in the payment when due of any principal due with respect to any of the Advances and the continuance of such default
for one (1) calendar day.

 

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		(b)	Default in the payment when due of any interest, fees, costs, expenses or other payments required to be paid by the Borrower
under this Agreement and the continuance of such default for five (5) calendar days.
	 	 	 

		(c)	Default in the payment of unpaid principal, interest and other payments under this Agreement (other than as set forth in subsections
(a) and (b) above) following the Borrower’s receipt of written notice from the Required Banks demanding payment thereof as
permitted in this Agreement and the passage of thirty calendar days following such written notice.
	 	 	 

		(d)	Default in the observance or performance of any covenant or agreement contained in Section 9.2(a), 9.2(h) (as to corporate
existence) or 9.2(l) of this Agreement.
	 	 	 

		(e)	Default in the observance or performance of any covenant or agreement contained in Section 9.1 of this Agreement and continuance
of such default for twenty (20) calendar days.
	 	 	 

		(f)	Default in the observance or performance of any covenant or agreement contained in this Agreement or related documents (other
than a covenant or agreement a default in whose performance is elsewhere in this Section 10.1 specifically dealt with) and continuance
for more than thirty (30) calendar days.
	 	 	 

		(g)	Default in the payment of any indebtedness of the Borrower when due or, if payable on demand, on demand, or any other default
by the Borrower in any agreement relating to indebtedness or contingent liabilities that would allow the maturity of such indebtedness
to be accelerated, in each case if the outstanding balance (including principal, interest, and any other sums) of all such indebtedness
or liabilities in default at any one time exceeds $300,000,000.
	 	 	 

		(h)	Any representation or warranty made by the Borrower to the Agent or the Banks proves to be untrue in any material respect.
	 	 	 

		(i)	The rendering against the Borrower of any final judgment, decree or order for the payment of money in excess of $500,000,000
(excluding any portion of such judgment, decree or order which is insured by an unrelated third-party insurer which has not objected
to or denied coverage), and the continuance of such judgment, decree or order unsatisfied and in effect for any period of ninety
(90) calendar days without a stay of execution.
	 	 	 

		(j)	With or without the Borrower’s consent, a custodian, trustee or receiver shall be appointed for the majority of the properties
of the Borrower, or a petition shall be filed by or against the Borrower under the United States Bankruptcy Code or any similar
comprehensive bankruptcy or insolvency law, whether domestic or foreign.

 

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		10.2	Remedies.

 

Upon the occurrence of any one or more Events of Default, or
at any time thereafter, the Agent may, with the consent of the Required Banks, and shall, upon request of the Required Banks:

 

		(a)	terminate the Commitments;
	 	 	 

		(b)	declare the unpaid principal, accrued interest and all other amounts payable under this Agreement to be immediately due and
payable; and/or
	 	 	 

		(c)	exercise any or all remedies available to the Agent or the Banks under the other Loan Documents or otherwise available by law
or agreement.

 

Notwithstanding the foregoing, upon the occurrence of an Event
of Default under paragraph 10.1(j), the Commitments shall immediately terminate and the unpaid principal, accrued interest and
all other amounts payable under this Agreement will become immediately due and payable.

 

		10.3	Setoff

 

Each Bank may, upon the occurrence of an Event of Default or
at any time thereafter, without prior notice to the Borrower, set off and apply any and all deposits held by, and other indebtedness
owing by, such Bank to or for the credit or the account of the Borrower against any and all obligations owing to such Bank hereunder,
whether now or hereafter existing, whether or not the Agent or such Bank has made demand under this Agreement or any Loan Document
and whether such obligations may be contingent or unmatured. Such right shall be in addition to and not in lieu of any other rights
and remedies available to the Agent or the Banks under the other Loan Documents or otherwise available by law or agreement. Each
Bank will endeavor to notify the Borrower and the Agent promptly after any such setoff made by such Bank; provided, however, that
the failure to give such notice shall not affect the validity of such setoff or any application of funds realized by such setoff.
Each Bank shall have the obligations, if any, specified in Section 11.4 with respect to any amounts obtained pursuant to this Section
10.3.

 

		11.	AGENCY

 

		11.1	Authorization.

 

Each Bank irrevocably appoints and authorizes the Agent to act
on behalf of such Bank to the extent provided herein or in any document or instrument delivered hereunder or in connection herewith,
and to take such other action as may be reasonably incidental thereto. As to any matters not expressly provided for by this Agreement
or the other Loan Documents, the Agent shall not be required to exercise any discretion or take any action, but shall be required
to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of
the Required Banks, and such instruments shall be binding upon all Banks.

 

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	11.2	Distribution of Payments and Proceeds.

 

		(a)	After deduction of any costs of collection as hereinafter provided in Section 11.3, any fees specified herein or in any
Fee Letter, and any servicing fee provided in any agreement between the Agent and the applicable Bank,
the Agent shall remit to each Bank that Bank’s Percentage of all payments of principal, interest, fees and other payments
that are received by the Agent under the Loan Documents. Each Bank’s interest in the Loan Documents shall be payable solely
from payments, collections and proceeds actually received by the Agent under the Loan Documents; and the Agent’s only liability
to the Banks hereunder shall be to account for each Bank’s Percentage of such payments, collections and proceeds in accordance
with this Agreement. If the Agent is ever required for any reason to refund any such payments, collections or proceeds, each Bank
will refund to the Agent, upon demand, its Percentage of such payments, collections or proceeds, together with its Percentage of
interest or penalties, if any, payable by the Agent in connection with such refund. The Agent may, in its sole discretion, make
payment to the Banks in anticipation of receipt of payment from the Borrower. If the Agent fails to receive any such anticipated
payment from the Borrower, each Bank shall promptly refund to the Agent, upon demand, any such payment made to it in anticipation
of payment from the Borrower, together with interest for each day on such amount until so refunded at a rate equal to (A) the NYFRB
Rate, in the case of Advances denominated in Dollars or (B) the cost of funds incurred by the Agent in respect of such amount in
the case of Advances denominated in Committed Currencies, for each such date.

 

		(b)	Notwithstanding the foregoing, if any Bank has wrongfully refused to fund its Percentage of any Borrowing or other advance
as required hereunder, or if the principal balance of any Bank’s Advances is for any other reason less than its Percentage
of the aggregate principal balances of the Advances, the Agent may remit all payments received by it to the other Banks until such
payments have reduced the aggregate amounts owed by the Borrower to the extent that the aggregate amount owing to such Bank hereunder
is equal to its Percentage of the aggregate amount owing to all of the Banks hereunder. The provisions of this paragraph are intended
only to set forth certain rules for the application of payments, proceeds and collections in the event that a Bank has breached
its obligations hereunder and shall not be deemed to excuse any Bank from such obligations.

 

	11.3	Expenses.

 

All payments, collections and proceeds received or
effected by the Agent may be applied, first, to pay or reimburse the Agent (in its capacity as Agent) for all reasonable
costs, expenses, damages and liabilities at any time incurred by or imposed upon the Agent in connection with this Agreement
or any other Loan Document (including but not limited to all reasonable attorney’s fees, foreclosure expenses and
advances made to protect the security of any collateral), except to the extent that the Agent shall have previously received
reimbursement of such costs, expenses, damages or liabilities from the Borrower. If the Agent does not receive payments,
collections or proceeds sufficient to cover any such costs, expenses, damages or liabilities within five (5) calendar days
after their incurrence or imposition, each Bank shall, upon demand, remit to the Agent its Percentage of the difference
between (i) such costs, expenses, damages and liabilities, and (ii) such payments, collections and proceeds; provided,
however, that no Bank shall be liable for any portion of such costs, expenses, damages and liabilities resulting from the
gross negligence or willful misconduct of the Agent, as determined by a court of competent jurisdiction in a final
non-appealable judgment.

 

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	11.4	Payments Received Directly by Banks.

 

If any Bank shall obtain any payment or other recovery (whether
voluntary, involuntary, by application of offset or otherwise) on account of principal of or interest on any Advances other than
through distributions made in accordance with Section 11.2, such Bank shall promptly give notice of such fact to the Agent and
shall purchase from the other Banks such participations in the Advances as shall be necessary to cause the purchasing Bank to share
the excess payment or other recovery ratably with each of them; provided, however, that if all or any portion of the excess payment
or other recovery is thereafter recovered from such purchasing Bank, the purchase shall be rescinded and the purchasing Bank restored
to the extent of such recovery (but without interest thereon). The Borrower agrees that any Bank so purchasing a participation
from another Bank pursuant to this Section 11.4 may, to the fullest extent permitted by law, exercise all its rights of payment
(including the right of set-off) with respect to such participation as fully as if such Bank were the direct creditor of the
Borrower in the amount of such participation.

 

	11.5	Indemnification.

 

Each Bank severally (but not jointly) hereby agrees to indemnify
and hold harmless the Agent (in its capacity as Agent), as well as the Agent’s agents, employees, officers and directors,
ratably according to the respective Percentages of each of the Banks from and against any and all losses, liabilities (including
liabilities for penalties), actions, suits, judgments, demands, damages, costs, disbursements, or expenses (including reasonable
attorneys’ fees and expenses) of any kind or nature whatsoever, which are imposed on, incurred by, or asserted against the
Agent or its agents, employees, officers or directors in any way relating to or arising out of this Agreement or the other Loan
Documents, or as a result of any action taken or omitted to be taken by the Agent; provided, however, that no Bank shall be liable
for any portion of any such losses, liabilities (including liabilities for penalties), actions, suits, judgments, demands, damages,
costs, disbursements, or expenses resulting from the gross negligence or willful misconduct of the Agent, as determined by a court
of competent jurisdiction in a final non-appealable judgment. Notwithstanding any other provisions of this Agreement or the other
Loan Documents, the Agent shall in all cases be fully justified in failing or refusing to act hereunder unless it shall be indemnified
to its satisfaction by the Banks against any and all liability and expense that may be incurred by it by reason of taking or continuing
to take any such action.

 

	11.6	Limitations on Agent’s Power.

 

Notwithstanding any other provision of this Agreement, the
Agent shall not have the power, without the written consent of all of the Banks, to (i) forgive or reduce any
indebtedness of the Borrower arising under this Agreement, (ii) agree to reduce the rate of interest or fees charged
under this Agreement except as expressly provided in this Agreement, (iii) agree to extend the due date for payment of
principal, interest, fees or any other amount due under this Agreement, (iv) extend the Commitment Termination Date or
increase the amount of any of the Commitments, (v) amend the definition of “Required Banks,” (vi) amend
this Section 11.6, Section 12.4 or Section 12.5 of this Agreement, or any provision herein providing for consent or
other action by all Banks, (vii) amend any provision for the pro rata treatment of the Banks with respect to the sharing
of payments of principal or interest or the making of Advances, or (viii) release the Borrower from personal liability
on account of its obligations hereunder.

 

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	11.7	Exculpation of the Agent by the Banks.

 

The Agent shall be entitled to rely upon advice of counsel concerning
legal matters, and upon any writing which it believes to be genuine or to have been presented by a proper person. Neither the Agent
nor any of its directors, officers, employees or agents shall (a) be responsible to any of the Banks for any recitals, representations
or warranties contained in, or for the execution, validity, genuineness, effectiveness or enforceability of this Agreement, any
Loan Document, or any other instrument or document delivered hereunder or in connection herewith, (b) be responsible to any of
the Banks for the validity, genuineness, perfection, effectiveness, enforceability, existence, value or enforcement of any collateral
security, (c) be under any duty to any of the Banks to inquire into or pass upon any of the foregoing matters, or to make any inquiry
concerning the performance by the Borrower or any other obligor of its obligations, or (d) in any event, be liable to any of the
Banks for any action taken or omitted by it or them, except for its or their own gross negligence or willful misconduct, as determined
by a court of competent jurisdiction in a final non-appealable judgment.

 

	11.8	Agent and Affiliates.

 

The Agent shall have the same rights, powers and obligations
hereunder in its individual capacity as any other Bank, and may exercise or refrain from exercising the same as though it were
not the Agent, and the Agent and its affiliates may accept deposits from and generally engage in any kind of business with the
Borrower as fully as if the Agent were not the Agent hereunder.

 

	11.9	Credit Investigation.

 

Each Bank acknowledges that it has made such inquiries and taken
such care on its own behalf as would have been the case had its Commitment been granted and the Advances made directly by such
Bank to the Borrower without the intervention of the Agent or any other Bank. Each Bank agrees and acknowledges that the Agent
makes no representations or warranties about the creditworthiness of the Borrower or any other party to this Agreement or with
respect to the legality, validity, sufficiency or enforceability of this Agreement, any Loan Document, or any other instrument
or document delivered hereunder or in connection herewith.

 

	11.10	Resignation.

 

The Agent may resign as such at any time upon at least 30
days’ prior notice to the Borrower and the Banks. In the event of any resignation of the Agent, the Required Banks
shall as promptly as practicable appoint a successor Agent. If no such successor Agent shall have been so appointed by the
Required Banks and shall have accepted such appointment within 30 days after the resigning Agent’s giving of notice of
resignation, then the resigning Agent may, on behalf of the Banks, appoint a successor Agent, which shall be a commercial
bank organized under the laws of the United States of America or of any State thereof. Upon the acceptance of any appointment
as Agent hereunder by a successor Agent, such successor Agent shall thereupon be entitled to receive from the prior Agent
such documents of transfer and assignment as such successor Agent may reasonably request and the resigning Agent shall be
discharged from its duties and obligations under this Agreement. After any resignation pursuant to this Section, the
provisions of this Section shall inure to the benefit of the successor Agent as to any actions taken or omitted to be taken
by it while it is an Agent hereunder and to the retiring Agent as to any actions taken or omitted to be taken by it while it
was an Agent hereunder.

 

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	11.11	Assignments and Participations.

 

		(a)	Participations. Any Bank may, at its option, sell one or more participations in that Bank’s Advances; provided,
however, (i) no such participation shall relieve any Bank of its obligations under this Agreement and the other Loan Documents,
including, without limitation, its obligation to make Advances hereunder on the terms and subject to the conditions set forth herein,
(ii) the Borrower, the Agent and the other Banks shall continue to deal solely and directly with such Bank granting any such participation
in connection with such Bank’s rights and obligations under this Agreement and the other Loan Documents, and (iii) no such
participant under any such participation shall have any right to approve any amendment or waiver of any provision of this Agreement
or the other Loan Documents, or to consent to any departure by the Borrower therefrom, except to the extent that such amendment,
waiver or consent would reduce the principal of, or interest on, the Advances in which such participant has such participation,
or any fees or other amounts payable hereunder if such participant participates therein, or would postpone any date fixed for any
payment of principal of, or interest on, the Advances in which such participant has such participation, or any fees or other amounts
payable hereunder if such participant participates therein. Except as set forth in (iii) above, no holder of any such participation
shall be entitled to require the Bank granting such participation to take or omit to take any action hereunder.

 

		(b)	Assignments.
	 	 	 

		(i)	Generally. Subject to the limitations set forth in subsection (ii) below, any Bank may, at its option, assign to another
Person all or a part of its Commitment, Advances and other rights and obligations under this Agreement, but only pursuant to an
Assignment Certificate. From and after the effective date of any such assignment, the assignee thereunder shall, to the extent
that rights and obligations hereunder have been assigned to it pursuant to such assignment, have the rights and obligations so
assigned to it, and the assigning Bank shall, to the extent that rights and obligations have been assigned by it pursuant to such
assignment, relinquish its rights and be released from its obligations under this Agreement. Any Bank making an assignment under
this Section shall pay the Agent a transfer fee in the amount of $3,500 concurrent with such assignment.
	 	 	 

		(ii)	Limitations. Notwithstanding paragraph (i):

 

    -41-

     

    

 

		(A)	Any assignment under paragraph (i) may be made only with the prior written consent of the Agent and the Borrower, which consent
shall not be unreasonably withheld, conditioned or delayed; provided that the Borrower shall be deemed to have consented to any
such assignment unless it shall object thereto by written notice to the Agent within ten Business Days after having received notice
thereof.
	 	 	 

		(B)	Unless the Agent and the Borrower otherwise consent in writing, which consent shall not be unreasonably withheld, conditioned
or delayed, no assignment may be made to any Person that is not an Eligible Assignee.
	 	 	 

		(C)	Unless the Agent and the Borrower otherwise consent in writing and except as provided herein, which consent shall not be unreasonably
withheld, conditioned or delayed, the aggregate Credit Exposure assigned by any Bank shall not exceed 60% of its original Commitment
hereunder, as such Commitment may have been reduced from time to time pursuant to Section 6.4.
	 	 	 

		(D)	Unless the Agent and the Borrower otherwise consent in writing, which consent shall not be unreasonably withheld, conditioned
or delayed, any assignment of a part of a Bank’s Commitment, Advances and other rights and obligations must be in a minimum
amount of $10,000,000.
	 	 	 

No consent of the Borrower that
would otherwise be required under this subsection (ii) shall be required during any period in which an Event of Default exists.
No consent of the Agent or the Borrower that would otherwise be required under this subsection (ii) shall be required in connection
with an assignment by any Bank to any Affiliate of that Bank or to another Bank, that in each case is an Eligible Assignee.

 

		(c)	Information. The Borrower authorizes the Agent and each Bank to disclose to its affiliates and any participant or assignee
and any prospective participant or assignee any and all financial and other information in the possession of the Agent or that
Bank concerning the Borrower.
	 	 	 

		(d)	Assignment to Federal Reserve Bank. Nothing herein shall prohibit any Bank from pledging or assigning its rights under
this Agreement to any Federal Reserve Bank in accordance with applicable law.
	 	 	 

	11.12	Syndication Agent and Documentation Agent.

 

The Banks identified on the title page as
 “Syndication Agent” and “Documentation Agent” shall have no right, power, obligation or liability
under this Agreement or any other Loan Document other than those applicable to all Banks as such. Each Bank acknowledges that
it has not relied, and will not rely, on any Bank so identified in deciding to enter into this Agreement or in taking or
omitting any action hereunder.

 

    -42-

     

    

 

	11.13	Delegation of Duties.

 

The Agent may perform any and all of its duties and exercise
its rights and powers hereunder or under any other Loan Document by or through any one or more sub-agents appointed by the
Agent, including the London Sub-Agent. The exculpatory provisions of this Article shall apply to any such sub-agent.

 

	11.14	Bank ERISA Representation

 

(a) Each Bank (x) represents and warrants, as of the date such
Person became a Bank party hereto, to, and (y) covenants, from the date such Person became a Bank party hereto to the date such
Person ceases being a Bank party hereto, for the benefit of, the Agent and not, for the avoidance of doubt, to or for the benefit
of the Borrower, that at least one of the following is and will be true:

 

(i)         such
Bank is not using “plan assets” (within the meaning of Section 3(42) of ERISA or otherwise) of one or more Benefit
Plans with respect to such Bank’s entrance into, participation in, administration of and performance of the Advances, 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 Bank’s entrance into,
participation in, administration of and performance of the Advances, the Commitments and this Agreement,

 

(iii)       (A)
such Bank 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 Bank to enter into,
participate in, administer and perform the Advances, the Commitments and this Agreement, (C) the entrance into, participation in,
administration of and performance of the Advances, 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 Bank, the requirements of subsection (a) of Part I
of PTE 84-14 are satisfied with respect to such Bank’s entrance into, participation in, administration of and performance
of the Advances, the Commitments and this Agreement, or

 

(iv)       such
other representation, warranty and covenant as may be agreed in writing between the Agent, in its sole discretion, and such Bank.

 

    -43-

     

    

 

(b)        In
addition, unless either (1) sub-clause (i) in the immediately preceding clause (a) is true with respect to a Bank or (2) a Bank
has provided another representation, warranty and covenant in accordance with sub-clause (iv) in the immediately preceding clause
(a), such Bank further (x) represents and warrants, as of the date such Person became a Bank party hereto, to, and (y) covenants,
from the date such Person became a Bank party hereto to the date such Person ceases being a Bank party hereto, for the benefit
of, the Agent and not, for the avoidance of doubt, to or for the benefit of the Borrower, that the Agent is not a fiduciary with
respect to the assets of such Bank involved in such Bank’s entrance into, participation in, administration of and performance
of the Advances, the Commitments and this Agreement (including in connection with the reservation or exercise of any rights by
the Agent under this Agreement, any Loan Document or any documents related hereto or thereto).

 

As used in
this Section:

 

“Benefit Plan” means any of
(a) an “employee benefit plan” (as defined in ERISA) that is subject to Title I of ERISA, (b) a “plan”
as defined in and subject to Section 4975 of the Code or (c) any Person whose assets include (for purposes of ERISA Section 3(42)
or otherwise for purposes of Title I of ERISA or Section 4975 of the Code) the assets of any such “employee benefit plan”
or “plan”.

 

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

 

	12.	MISCELLANEOUS.

 

12.1       365-Day Year.

 

All interest on Advances subject to the Floating Rate and LIBO
Rate in the case of Advances denominated in Sterling due under this Agreement will be calculated based on the actual days elapsed
in a 365-day year. All interest on Advances subject to a LIBO Rate (other than Advances denominated in Sterling) or the NYFRB Rate
and all fees will be calculated based on the actual days elapsed in a 360-day year.

 

12.2        GAAP.

 

Except as otherwise stated in this Agreement, all financial
information provided to the Agent or the Banks and all calculations for compliance with financial covenants will be made using
generally accepted accounting principles consistently applied (“GAAP”).

 

12.3        No Waiver; Cumulative
Remedies.

 

No failure or delay by the Agent or any Bank in exercising any
rights under this Agreement shall be deemed a waiver of those rights. The remedies provided for in the Agreement are cumulative
and not exclusive of any remedies provided by law.

 

    -44-

     

    

 

12.4        Amendments, Etc.

 

Any amendment, modification, termination, or waiver of any provision
of this Agreement must be in writing and signed by the Agent with the approval of the Required Banks (or such other number of Banks,
if any, as may be required hereunder for such amendment, modification, termination or waiver). Notwithstanding the foregoing (i)
any modification of the type described in Section 11.6 shall be effective only if signed by each Bank, and (ii) any amendment,
modification, termination, or waiver of Section 12.17 shall be effective only if signed by each Bank that is an Affected Financial
Institution.

 

12.5        Binding Effect:
Assignment.

 

This Agreement is binding on the Borrower, the Agent and the
Banks and their successors and assigns. The Borrower may not assign its rights hereunder without the prior written consent of all
of the Banks.

 

12.6        New York Law.

 

This Agreement is governed by the substantive laws of the State
of New York.

 

	12.7	Severability of Provisions.
	 	 

If any part of this Agreement is unenforceable, the rest of
the Agreement may still be enforced.

 

	12.8	Integration.
	 	 

This Agreement contains the entire understanding between the
parties and supersedes all other oral or written agreements between the Borrower and the Agent or any Bank.

 

12.9        Notice.

 

(a)           Except as otherwise
specified herein, all notices and other communications hereunder shall be in writing and shall be (i) personally delivered,
(ii) sent by registered mail, postage prepaid, or (iii) transmitted by telecopy, as follows:

 

(i) if to the Borrower, to it at Building
224-5S 26, 3M Center, St. Paul, MN 55144-1000, Attention of Matthew J. Ginter (Fax No. (651) 737-0010);

 

(ii) if to the Agent, to JPMorgan Chase
Bank, N.A., 500 Stanton Christiana Road, NCC5 / 1st Floor Newark, DE 19713, Attention of Loan and Agency Services Group (Tel: (302)
634-4834), Email: ali.zigami@chase.com;

 

(iii) if to the London Sub-Agent, to J.P.
Morgan Europe Limited, 25 Bank Street, 6th Floor, London, E14 5JP; and

 

(iv) if to any other Bank, to it
at its address (or telecopy number) set forth in its Administrative Questionnaire;

 

or, as to each party, at such other
address or telecopier number as may hereafter be designated in a notice by that party to the other party complying with the
terms of this Section. All such notices or other communications shall be deemed to have been given on (i) the date
received if delivered personally, (ii) the date of posting if delivered by mail, or (iii) the date of transmission
if delivered by telecopy. All communications required hereunder to be delivered by e-mail shall be transmitted to the e-mail
address set forth by the applicable party’s signature below, or, as to each party, at such other e-mail address as may
hereafter be designated in a notice by that party to the other party complying with the terms of this Section.

 

    -45-

     

    

 

(b)           So long as JPMorgan
or any of its Affiliates is the Agent, materials required to be delivered pursuant to Section 9.1(a) and (b) shall be delivered
to the Agent in an electronic medium in a format acceptable to the Agent and the Banks. The Borrower agrees that the Agent may
make such materials, as well as any other written information, documents, instruments and other material relating to the Borrower,
any of its subsidiaries or any other materials or matters relating to this Agreement, the Notes or any of the transactions contemplated
hereby (collectively, the “Communications”) available to the Banks by posting such notices on Intralinks or
a substantially similar electronic system (the “Platform”). The Borrower acknowledges that (i) the distribution
of material through an electronic medium is not necessarily secure and that there are confidentiality and other risks associated
with such distribution, (ii) the Platform is provided “as is” and “as available” and (iii) neither the
Agent nor any of its affiliates warrants the accuracy, adequacy or completeness of the Communications or the Platform and each
expressly disclaims liability for errors or omissions in the Communications or the Platform. No warranty of any kind, express,
implied or statutory, including, without limitation, any warranty of merchantability, fitness for a particular purpose, non-infringement
of third party rights or freedom from viruses or other code defects, is made by the Agent or any of its Affiliates in connection
with the Platform.

 

(c)           Each Bank agrees
that notice to it (as provided in the next sentence) (a “Notice”) specifying that any Communications have been
posted to the Platform shall constitute effective delivery of such information, documents or other materials to such Bank for purposes
of this Agreement; provided that if requested by any Bank the Agent shall deliver a copy of the Communications to such Bank
by email or telecopier. Each Bank agrees (i) to notify the Agent in writing of such Bank’s e-mail address to which a Notice
may be sent by electronic transmission (including by electronic communication) on or before the date such Bank becomes a party
to this Agreement (and from time to time thereafter to ensure that the Agent has on record an effective e-mail address for such
Bank) and (ii) that any Notice agreed by such Bank to be deliverable by email may be sent to such e-mail address.

 

12.10      Indemnification
by the Borrower.

 

The Borrower hereby agrees to
indemnify and hold harmless the Agent and each Bank, as well as their agents, employees, officers and directors
(collectively, the “Indemnified Parties” and individually an “Indemnified Party”) from and against
any and all losses, liabilities (including liabilities for penalties), actions, suits, judgments, demands, damages, costs,
disbursements, or expenses (including reasonable attorneys’ fees and expenses) of any kind or nature whatsoever, which
are imposed on, incurred by, or asserted against an Indemnified Party in any way relating to or arising out of this Agreement
or the other Loan Documents; provided, however, that the Borrower shall not be liable for any portion of any such losses,
liabilities (including liabilities for penalties), actions, suits, judgments, demands, damages, costs, disbursements, or
expenses to the extent resulting from (i) an Indemnified Party’s failure to perform its obligations under this
Agreement, or (ii) any negligence, gross negligence or willful misconduct of an Indemnified Party, as determined by a
court of competent jurisdiction in a final non-appealable judgment. In the case of an investigation, litigation or other
proceeding to which the indemnity in this paragraph applies, such indemnity shall be effective whether or not such
investigation, litigation or proceeding is brought by the Borrower, any of its directors, security holders or creditors, an
Indemnified Party or any other person or an Indemnified Party is otherwise a party thereto and whether or not the
transactions contemplated hereby are consummated.

 

None of the Agent, any Bank, or their respective
agents, employees, officers and directors (collectively, the “Bank-Related Parties” and individually a “Bank-Related
Party”) shall have any liability (whether in contract, tort or otherwise) to the Borrower or any of its security holders
or creditors for or in connection with the transactions contemplated hereby, except to the extent such liability is determined
in a final non-appealable judgment by a court of competent jurisdiction to have resulted from such Bank-Related Party’s negligence,
gross negligence or willful misconduct, as determined by a court of competent jurisdiction in a final non-appealable judgment.
In no event, however, shall any Bank-Related Party be liable on any theory of liability for any special, indirect, consequential
or punitive damages (including, without limitation, any loss of profits, business or anticipated savings).

 

12.11     Customer Identification
- USA Patriot Act Notice.

 

Each Bank and the Agent (for itself and not on behalf of any
other party) hereby notifies the Borrower that, pursuant to the requirements of the USA Patriot Act, Title III of Pub. L. 107-56,
signed into law October 26, 2001 (the “Act”) and the Beneficial Ownership Regulation, it is required to obtain, verify
and record information that identifies the Borrower, which information includes the name and address of the Borrower and other
information that will allow such Bank or the Agent, as applicable, to identify the Borrower in accordance with the Act and the
Beneficial Ownership Regulation. The Borrower agrees to promptly provide such information upon request.

 

12.12     Execution in Counterparts.

 

This Agreement and the other Loan Documents may be
executed in any number of counterparts, each of which when so executed and delivered shall be deemed to be an original and
all of which counterparts of this Agreement or such other Loan Document, as the case may be, taken together, shall constitute
but one and the same instrument. The words “execution,” “signed,” “signature,”
 “delivery,” and words of like import in or relating to this Agreement and the other Loan Documents and/or any
document to be signed in connection with this Agreement and the transactions contemplated hereby shall be deemed to include
Electronic Signatures (as defined below), deliveries or the keeping of records in electronic form, each of which shall be of
the same legal effect, validity or enforceability as a manually executed signature, physical delivery thereof or the use of a
paper-based recordkeeping system, as the case may be. “Electronic Signatures” means any electronic symbol or
process attached to, or associated with, any contract or other record and adopted by a person with the intent to sign,
authenticate or accept such contract or record.

 

    -46-

     

    

 

	12.13	Waiver of Jury Trial.

 

THE BORROWER, THE AGENT AND THE BANKS HEREBY WAIVE TRIAL
BY JURY IN ANY JUDICIAL PROCEEDING INVOLVING, DIRECTLY OR INDIRECTLY, ANY MATTER (WHETHER SOUNDING IN TORT, CONTRACT OR OTHERWISE)
IN ANY WAY ARISING OUT OF, RELATED TO, OR CONNECTED WITH THIS AGREEMENT, THE NOTES AND ANY OTHER LOAN DOCUMENT OR THE RELATIONSHIPS
ESTABLISHED HEREUNDER.

 

	12.14	Jurisdiction.

 

The Borrower hereby irrevocably and unconditionally (i) agrees
that it will not commence any action, litigation or proceeding of any kind or description, whether in law or in equity, whether
in contract, tort or otherwise, against any other party hereto arising out of or in any way relating to this Agreement or any of
the other Loan Documents in any forum other than any New York State or Federal court located in New York County, and any appellate
court from any thereof, (ii) submits, for itself and its property, to the jurisdiction of such courts over any suit, action or
proceeding arising out of or relating to this Agreement or any of the other Loan Documents and agrees that all claims in respect
of such actions or proceeding may be heard and determined in such state or federal court, (iii) waives, to the fullest extent it
may effectively do so, any defense of an inconvenient forum to the maintenance of such action or proceeding and (iv) consents to
the service of any process, summons, notice or document in any such suit, action or proceeding by registered mail addressed to
the Borrower at its address referred to in Section 12.9. The Borrower agrees that a final judgment in any such action or proceeding
may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. Nothing in this Section
12.14 shall affect the right of the Agent or any Bank to serve legal process in any other manner permitted by law or affect the
right of the Agent or any Bank to bring any action or proceeding against the Borrower or its property in the courts of other jurisdictions.

 

	12.15	Substitution of Currency.

 

If a change in any Committed Currency occurs pursuant to any
applicable law, rule or regulation of any governmental, monetary or multi-national authority, this Agreement (including, without
limitation, the definitions of LIBO Base Rate) will be amended to the extent determined by the Agent (acting reasonably and in
consultation with the Borrower) to be necessary to reflect the change in currency and to put the Banks and the Borrower in the
same position, so far as possible, that they would have been in if no change in such Committed Currency had occurred.

 

	12.16	No Fiduciary Relationship.

 

The Agent and the Banks may be engaged in a broad range of
transactions that involve interests that differ from those of the Borrower and its Affiliates, and neither the Agent nor any
Bank has any obligation to disclose any of such interest to the Borrower or its Affiliates. The Borrower acknowledges that
the Banks have no fiduciary relationship with, or fiduciary duty to, the Borrower arising out of or in connection with this
Agreement or the other Loan Documents, and the relationship between each Bank and the Borrower is solely that of creditor and
debtor.  This Agreement and the other Loan Documents do not create a joint venture among the parties hereto.

 

    -47-

     

    

 

	12.17	Acknowledgement and Consent to Bail-In of Affected Financial
Institutions.

 

Notwithstanding anything to the contrary in this Agreement or
in any other agreement, arrangement or understanding among any such parties, each party hereto acknowledges that any liability
of any Affected Financial Institution arising under this Agreement, to the extent such liability is unsecured, may be subject to
the Write-Down and Conversion Powers of the applicable Resolution Authority and agrees and consents to, and acknowledges and agrees
to be bound by:

 

		(a)	the application of any Write-Down and Conversion Powers by the applicable Resolution Authority to any such liabilities arising
hereunder which may be payable to it by any party hereto that is an Affected Financial Institution; and

 

		(b)	any Bail-In Action on any such liability, including, if applicable:

 

(i)      a
reduction in full or in part or cancellation of any such liability;

 

(ii)      a
conversion of all, or a portion of, such liability into shares or other instruments of ownership in such Affected Financial Institution,
its parent undertaking, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or
other instruments of ownership will be accepted by it in lieu of any rights with respect to any such liability under this Agreement;
or

 

(iii)     the
variation of the terms of such liability in connection with the exercise of the Write-Down and Conversion Powers of the applicable
Resolution Authority.

 

As used in this Agreement:

 

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

 

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

 

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

 

    -48-

     

    

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

    -49-

     

    

 

IN WITNESS WHEREOF, the undersigned have executed this Agreement
as of the day and year first above written.

 

	 	3M COMPANY
	 	 
	 	By:	/s/ Sarah Grauze
	 	 	Name: Sarah Grauze
	 	 	Title:   Treasurer and Vice President, Finance

 

3M 364-Day Credit
Agreement

 

    

     

    

 

	 	JPMORGAN CHASE BANK, N.A., as Agent and as Bank
	 	 
	 	By	 /s/ Peter Predun
	 	 	Name: Peter Predun
	 	 	Title:   Executive Director
	 	 
	 	CITIBANK, N.A.
	 	 
	 	By	 /s/ Susan Olsen
	 	 	Name: Susan Olsen
	 	 	Title:   Vice President
	 	 	 
	 	DEUTSCHE BANK AG NEW YORK BRANCH
	 	 
	 	By 	/s/
    Ming K. Chu
	 	 	Name: Ming K. Chu
	 	 	Title:   Director
	 	 
	 	By 	/s/
    Marko Lukin
	 	 	Name: Marko Lukin
	 	 	Title:   Vice President
	 	 	 
	 	BANK OF AMERICA, N.A.
	 	 
	 	By	 /s/ Alexandra Korchmar
	 	 	Name: Alexandra Korchmar
	 	 	Title:   Associate
	 	 	 
	 	BARCLAYS BANK PLC
	 	 
	 	By	 /s/ Sean Duggan
	 	 	Name: Sean Duggan
	 	 	Title:   Vice President

 

3M 364-Day Credit
Agreement

 

    

     

    

 

	 	BNP
    PARIBAS
	 	 
	 	By	/s/
    Mike Shryock
	 	 	Name:
    Mike Shryock
	 	 	Title:
      Managing Director
	 	 
	 	By	/s/
    Emma Petersen
	 	 	Name:
    Emma Petersen
	 	 	Title:  
    Director
	 	 	 
	 	CREDIT
    SUISSE AG, NEW YORK BRANCH
	 	 
	 	By
    	/s/ Vipul Dhadda
	 	 	Name:
    Vipul Dhadda
	 	 	Title:  
    Authorized Signatory
	 	 
	 	By
    	/s/ Brady Bingham
	 	 	Name:
    Brady Bingham
	 	 	Title:
      Authorized Signatory
	 	 	 
	 	GOLDMAN
    SACHS BANK USA
	 	 
	 	By
    	/s/ Ryan Durkin
	 	 	Name:
    Ryan Durkin
	 	 	Title:
      Authorized Signatory
	 	 	 
	 	MORGAN
    STANLEY BANK, N.A.
	 	 
	 	By
    	/s/ Michael
    King
	 	 	Name:
    Michael King
	 	 	Title:  
    Authorized Signatory

 

3M 364-Day Credit
Agreement

 

    

     

    

 

	 	WELLS
    FARGO BANK, NATIONAL ASSOCIATION
	 	 
	 	By
    	/s/ Meara
    Kelley
	 	 	Name:
    Meara Kelley
	 	 	Title:
      Group Head – Industrials Corporate & Investment Banking

 

3M 364-Day Credit
Agreement

 

    

     

    

 

SCHEDULE AND EXHIBITS

 

	 	Schedule
    I	Commitments
	 	 	 
	 	Exhibit A	Conditions Precedent
	 	 	 
	 	Exhibit B	Representations and Warranties
	 	 	 
	 	Exhibit C	Form of Note
	 	 	 
	 	Exhibit D	[Reserved]
	 	 	 
	 	Exhibit E	Form of Compliance Certificate

 

    

     

    

 

Schedule
I

COMMITMENTS

 

	Name of Bank	 	Commitment	 
	JPMorgan Chase Bank, N.A.	 	$	147,500,000	 
	Citibank, N.A.	 	$	147,500,000	 
	Deutsche Bank AG New York Branch	 	$	147,500,000	 
	Bank of America, N.A.	 	$	147,500,000	 
	Barclays Bank PLC	 	$	110,000,000	 
	BNP Paribas	 	$	110,000,000	 
	Credit Suisse AG, New York Branch	 	$	110,000,000	 
	Goldman Sachs Bank USA	 	$	110,000,000	 
	Morgan Stanley Bank, N.A.	 	$	110,000,000	 
	Wells Fargo Bank, National Association	 	$	110,000,000	 
	 	 	 	 	 
	Total:	 	$	1,250,000,000	 

 

3M 364-Day Credit Agreement

 

    

     

    

 

Exhibit A

CONDITIONS PRECEDENT

 

		1.	A Note to the order
of the Banks to the extent requested by any Bank pursuant to Section 2.6.

 

		2.	Authorization

 

		(a)	A certified copy of resolutions of the Borrower’s board of directors authorizing the execution of this Agreement and
all related documents.

 

		(b)	A certificate of the Borrower’s corporate secretary as to the incumbency and signatures of the officers of the Borrower
signing this Agreement.

 

		3.	Organization

 

		(a)	A certified copy of the Borrower’s Articles of Incorporation and By-Laws.

 

		(b)	A Certificate of Good Standing issued by the Secretary of the State of the state of the Borrower’s incorporation dated
not more than 30 days prior to the date hereof.

 

		4.	An opinion of counsel to the Borrower, opining as to the due authorization, execution, delivery and enforceability of the Loan
Documents and such other matters as the Agent may require.

 

		5.	(i) The Agent shall have received, at least five days prior to the Effective Date, all documentation and other information
regarding the Borrower requested in connection with applicable “know your customer” and anti-money laundering rules
and regulations, including the Patriot Act, to the extent requested in writing of the Borrower at least 10 days prior to the Effective
Date and (ii) to the extent the Borrower qualifies as a “legal entity customer” under the Beneficial Ownership Regulation,
at least five days prior to the Effective Date, any Bank that has requested, in a written notice to the Borrower at least 10 days
prior to the Effective Date, a Beneficial Ownership Certification in relation to the Borrower shall have received such Beneficial
Ownership Certification (provided that, upon the execution and delivery by such Bank of its signature page to this Agreement, the
condition set forth in this clause (ii) shall be deemed to be satisfied).

 

    A-1

     

    

 

 

Exhibit B

REPRESENTATIONS AND WARRANTIES

 

Corporate Status. The Borrower is a corporation duly
formed and in good standing under the laws of the jurisdiction of its organization.

 

Authorization. The execution, delivery and performance
of this Agreement are within the Borrower’s powers, have been duly authorized, and do not conflict with the articles or bylaws
of the Borrower, any agreement by which the Borrower is bound or any court, administrative or other ruling by which the Borrower
is bound.

 

Financial Reports. The Borrower has provided the Banks
with its annual audited financial statement as of December 31, 2019. That statement fairly represents the financial condition of
the Borrower as of its date and was prepared in accordance with GAAP.

 

Material Adverse Change. Except as disclosed in the Borrower’s
Quarterly Reports on Form 10-Q or reports on Form 8-K, as filed with the Securities and Exchange Commission (“SEC”)
prior to the Effective Date, since December 31, 2019, there has occurred no event or circumstance that would individually or in
the aggregate have a material adverse effect on the consolidated financial condition or operations of the Borrower.

 

Litigation. Except as disclosed in the Borrower’s
Annual Report on Form 10-K for the year ended December 31, 2019 or in in the Borrower’s Quarterly Reports on Form 10-Q or
reports on Form 8-K, as filed with the SEC prior to the Effective Date, there are no legal or governmental proceedings pending
or, to the best of the Borrower’s knowledge, threatened by governmental authorities or others, by which the Borrower is or
may be bound, which, if determined adversely to the Borrower, would individually or in the aggregate have a material adverse effect
on the consolidated financial condition or operations of the Borrower.

 

Taxes. The Borrower has filed when due all federal, state
and local tax returns and paid all amounts shown as due thereon, except for such amounts which are being contested in good faith
by appropriate proceedings.

 

No Default. There is no Default or Event of Default under
this Agreement.

 

ERISA. The Borrower is in compliance in all material
respects with ERISA and has received no notice to the contrary from the PBGC or other governmental area.

 

Environmental Matters. Except as disclosed in the
Borrower’s Annual Report on Form 10-K for the year ended December 31, 2019 or in in the Borrower’s Quarterly
Reports on Form 10-Q or reports on Form 8-K, as filed with the SEC prior to the Effective Date, to the best of the
Borrower’s knowledge, the Borrower has not incurred, directly or indirectly, any material contingent liability in
connection with (i) the release of any toxic or hazardous waste or substance into the environment or
(ii) noncompliance with applicable environmental, health and safety statutes and regulations.

 

    B-1

     

    

 

Insurance. The Borrower is maintaining the insurance
required by Section 9.2(c).

 

Legal Agreements. This Agreement and the other Loan Documents
constitute the legal, valid and binding obligations and agreements of the Borrower, enforceable against the Borrower in accordance
with their respective terms, including against claims of usury, except to the extent that enforcement thereof may be limited by
any applicable bankruptcy, insolvency or similar laws now or hereafter in effect affecting creditors’ rights generally.

 

Regulation U. The Borrower is not engaged in the business
of extending credit for the purpose of purchasing or carrying margin stock (within the meaning of Regulation U of the Board of
Governors of the Federal Reserve System), and no part of the proceeds of any Advance will be used to purchase or carry any margin
stock or to extend credit to others for the purpose of purchasing or carrying any margin stock.  After application of the
proceeds of each Advance, not more than 25 percent of the value (as determined by any reasonable method) of the assets of the Borrower
subject to any provision of this Agreement under which the sale, pledge or disposition of assets is restricted will consist of
margin stock.

 

Anti-Corruption Laws and Sanctions. The Borrower has
implemented and maintains in effect policies and procedures reasonably designed to ensure compliance by the Borrower, its Subsidiaries
and their respective directors, officers, employees and agents in all material respects with Anti-Corruption Laws and applicable
Sanctions. The Borrower, its Subsidiaries, and to the knowledge of the Borrower, its officers, employees, directors and agents
when acting on behalf of the Borrower and its Subsidiaries, are in compliance with Anti-Corruption Laws and applicable Sanctions
in all material respects. None of the Borrower or any Subsidiary is a Sanctioned Person. No Borrowing or use of proceeds from the
credit facility will constitute (i) a violation of the FCPA, (ii) a violation of the Bribery Act, or (iii) a material violation
of any other Anti-Corruption Laws or applicable Sanctions.

 

Affected Financial Institution. The Borrower is not an
Affected Financial Institution.

 

Beneficial Ownership Certification. As of the Effective
Date, to the best knowledge of the Borrower, the information included in the Beneficial Ownership Certification provided on or
prior to the Effective Date to any Bank in connection with this Agreement is true and correct in all respects.

 

3M 364-Day Credit
Agreement

 

    B-2

     

    

 

Exhibit C

NOTE

$_____________

__________ __, 20___

 

FOR VALUE RECEIVED, 3M Company, a
Delaware corporation (the “Borrower”), promises to pay to the order of   ____________________________________ (the
 “Bank”), at such place as Agent under the Credit Agreement defined below may from time to time designate in
writing, the principal sum of _______________________________ Dollars ($_______________), or, if less, the aggregate unpaid
principal amount of all advances made by the Bank to the Borrower pursuant to Section 2.1 of the 364-Day Credit Agreement
dated November 13, 2020 among the Borrower, JPMorgan Chase Bank, N.A., as Agent (in such capacity, the “Agent”),
and various Banks, including the Bank (the “Credit Agreement”), and to pay interest on the principal balance of
this Note outstanding from time to time at the rate or rates determined pursuant to the Credit Agreement.

 

This Note is issued pursuant to, and is subject
to, the Credit Agreement, which provides (among other things) for the amount and date of payments of principal and interest hereunder,
for the acceleration of this Note upon an Event of Default, for the determination of the Dollar Equivalent of Advances denominated
in Committed Currencies and for the voluntary prepayment of this Note. This Note is a “Note,” as defined in the Credit
Agreement.

 

The Borrower shall pay all costs of collection,
including reasonable attorneys’ fees and legal expenses, if this Note is not paid when due, whether or not legal proceedings
are commenced.

 

Presentment or other demand for payment, notice
of dishonor and protest are expressly waived.

 

	 	3M COMPANY
	 	 
	 	 	By	
	 	 	 	Its	

 

3M 364-Day Credit
Agreement

 

    C-1

     

    

 

Exhibit D

[Reserved]

 

    D-1

     

    

 

Exhibit E

CERTIFICATE OF COMPLIANCE

 

In accordance with the 364-Day Credit Agreement dated as of
November 13, 2020, by and among JPMorgan Chase Bank, N.A., as agent for the Banks, 3M Company (the “Borrower”) and
the Banks, as such Credit Agreement has been or may hereafter be amended from time to time, attached are the consolidated financial
statements for the Borrower for the period ending _______________, 20__ (the “Effective Date”).

 

I certify that the financial statements have been prepared in
accordance with generally accepted accounting principles applied on a basis consistent with those applied in the annual financial
statements. I also certify that as of the Effective Date, the Borrower is in compliance with the covenants stated in the Credit
Agreement.

 

I further certify that the Borrower’s EBITDA to Interest
Ratio, as defined in the Credit Agreement, as of the Effective Date is as set forth below:

 

	(a)	EBITDA	$                              
	(b)	Interest	$                              

	  EBITDA to Interest Ratio [(a)/(b)]	____ to 1

	  Minimum Permitted EBITDA to Interest Ratio	3.0 to 1

 

Furthermore, I have no knowledge of the occurrence of an Event
of Default under the Credit Agreement or of any event which with notice of lapse of time would constitute an Event of Default,
except those specifically stated below.

 

	 	3M COMPANY
	 	 
	 	 	By	
	 	 	 	Its	

 

    E-1EX-4.4

 Exhibit 4.4 

WARRANT AGREEMENT 
 between 

GENESIS PARK ACQUISITION CORP. 

and 
 CONTINENTAL STOCK
TRANSFER & TRUST COMPANY 
 THIS WARRANT AGREEMENT (this “Agreement”), dated as of [●], 2020, is by
and between Genesis Park Acquisition Corp., a Cayman Islands exempted company (the “Company”), and Continental Stock Transfer & Trust Company, a New York corporation, as warrant agent (the “Warrant
Agent,” also referred to herein as the “Transfer Agent”). 
 WHEREAS, on [●], 2020, the Company
entered into that certain Private Placement Warrants Purchase Agreement with Genesis Park Holdings, a Cayman Islands limited liability company (the “Sponsor”), pursuant to which the Sponsor agreed to purchase 6,833,333
warrants (or up to 7,562,689 warrants if the Over-allotment Option (as defined below) in connection with the Offering (as defined below) is exercised in full) simultaneously with the closing of the Offering (and the closing of the Over-allotment
Option, if applicable) bearing the legend set forth in Exhibit B hereto (the “Sponsor Private Placement Warrants”) at a purchase price of $1.00 per warrant; and 

WHEREAS, on [●], 2020, the Company entered into that certain Private Placement Warrants Purchase Agreement with Jefferies LLC, a
Delaware limited liability company (the “Underwriter”), pursuant to which the Underwriter agreed to purchase 416,667 warrants (or up to 474,811 warrants if the Over-allotment Option in connection with the Offering is
exercised in full) simultaneously with the closing of the Offering (and the closing of the Over-allotment Option, if applicable) bearing the legend set forth in Exhibit C hereto (the “Underwriter Private
Placement Warrants” and together with the Sponsor Private Placement Warrants, the “Private Placement Warrants”) at a purchase price of $1.00 per warrant; and 

WHEREAS, in order to finance the Company’s transaction costs in connection with an intended initial Business Combination (as defined
below), the Sponsor or an affiliate of the Sponsor or certain of the Company’s officers and directors may, but are not obligated to, loan the Company funds as the Company may require, of which up to $1,500,000 of such loans may be convertible
into up to an additional 1,500,000 Private Placement Warrants at a price of $1.00 per warrant (the “Working Capital Warrants”); and 

WHEREAS, the Company is engaged in an initial public offering (the “Offering”) of units of the Company’s equity
securities, each such unit comprised of one Ordinary Share (as defined below) and one-half of one Public Warrant (as defined below) (the “Units”) and, in connection therewith, has
determined to issue and deliver up to 7,500,000 warrants (or up to 8,625,000 warrants to the extent the Over-allotment Option is exercised) to public investors in the Offering (the “Public Warrants”). Each whole Warrant
entitles the holder thereof to purchase one Class A ordinary share of the Company, par value $0.0001 per share (each, an “Ordinary Share” and collectively, the “Ordinary Shares”), at a purchase
price of $11.50 per share, subject to adjustment as described herein. Only whole warrants are exercisable; and 
 WHEREAS, the Company has
filed with the U.S. Securities and Exchange Commission (the “Commission”) a registration statement on Form S-1, File No. 333-249066 (the “Registration
Statement”) and prospectus (the “Prospectus”), for the registration, under the Securities Act of 1933, as amended (the “Securities Act”), of the Units and the Public Warrants and the
Ordinary Shares included in the Units; and 

  
 1 

 WHEREAS, following consummation of the Offering, the Company may issue additional warrants
(the “Post-IPO Warrants” and, collectively with the Private Placement Warrants, the Working Capital Warrants and the Public Warrants, the “Warrants”) in
connection with, or following the consummation by the Company of, a Business Combination; and 
 WHEREAS, the Company desires the Warrant
Agent to act on behalf of the Company, and the Warrant Agent is willing to so act, in connection with the issuance, registration, transfer, exchange, redemption and exercise of the Warrants; and 

WHEREAS, the Company desires to provide for the form and provisions of the Warrants, the terms upon which they shall be issued and exercised,
and the respective rights, limitation of rights, and immunities of the Company, the Warrant Agent, and the holders of the Warrants; and 

WHEREAS, all acts and things have been done and performed which are necessary to make the Warrants, when executed on behalf of the Company and
countersigned by or on behalf of the Warrant Agent (if a physical certificate is issued), as provided herein, the valid, binding and legal obligations of the Company, and to authorize the execution and delivery of this Agreement. 

NOW, THEREFORE, in consideration of the mutual agreements herein contained, the parties hereto agree as follows: 

1.    Appointment of Warrant Agent. The Company hereby appoints the Warrant Agent to act as agent for the Company
for the Warrants, and the Warrant Agent hereby accepts such appointment and agrees to perform the same in accordance with the terms and conditions set forth in this Agreement. 

2.    Warrants. 

2.1.    Form of Warrant. Each Warrant shall be issued in registered form only. 

2.2.    Effect of Countersignature. If a physical certificate is issued, unless and until countersigned by the
Warrant Agent pursuant to this Agreement, a Warrant represented by such physical certificate shall be invalid and of no effect and may not be exercised by the holder thereof. 

2.3.    Registration. 

2.3.1.    Warrant Register. The Warrant Agent shall maintain books (the “Warrant
Register”), for the registration of original issuance and the registration of transfer of the Warrants. Upon the initial issuance of the Warrants in book-entry form, the Warrant Agent shall issue and register the Warrants in the names
of the respective holders thereof in such denominations and otherwise in accordance with instructions delivered to the Warrant Agent by the Company. Ownership of beneficial interests in the Public Warrants shall be shown on, and the transfer of such
ownership shall be effected through, records maintained by institutions that have accounts with the Depository Trust Company (the “Depositary”) (such institution, with respect to a Warrant in its account, a
“Participant”). 
 If the Depositary subsequently ceases to make its book-entry settlement system available for the
Public Warrants, the Company may instruct the Warrant Agent regarding making other arrangements for book-entry settlement. In the event that the Public Warrants are not eligible for, or it is no longer necessary to have the Public Warrants available
in, book-entry form, the Warrant Agent shall 

  
 2 

 
provide written instructions to the Depositary to deliver to the Warrant Agent for cancellation each book-entry Public Warrant, and the Company shall instruct the Warrant Agent to deliver to the
Depositary definitive certificates in physical form evidencing such Warrants which shall be in the form annexed hereto as Exhibit A. 

Physical certificates, if issued, shall be signed by, or bear the facsimile signature of, the Chairman of the Board, Chief Executive Officer,
Chief Financial Officer, Secretary or other principal officer of the Company. In the event the person whose facsimile signature has been placed upon any Warrant shall have ceased to serve in the capacity in which such person signed the Warrant
before such Warrant is issued, it may be issued with the same effect as if he or she had not ceased to be such at the date of issuance. 

2.3.2.    Registered Holder. Prior to due presentment for registration of transfer of any Warrant, the Company and
the Warrant Agent may deem and treat the person in whose name such Warrant is registered in the Warrant Register (the “Registered Holder”) as the absolute owner of such Warrant and of each Warrant represented thereby
(notwithstanding any notation of ownership or other writing on any physical certificate made by anyone other than the Company or the Warrant Agent), for the purpose of any exercise thereof, and for all other purposes, and neither the Company nor the
Warrant Agent shall be affected by any notice to the contrary. 
 2.4.    Detachability of Warrants. The Ordinary
Shares and Public Warrants comprising the Units shall begin separate trading on the 52nd day following the date of the Prospectus or, if such 52nd day is not on a day, other than a Saturday, Sunday or federal holiday, on which banks in New York City
are generally open for normal business (a “Business Day”), then on the immediately succeeding Business Day following such date, or earlier (the “Detachment Date”) with the consent of the Underwriter,
as representative of the several underwriters, but in no event shall the Ordinary Shares and the Public Warrants comprising the Units be separately traded until (A) the Company has filed a current report on
Form 8-K with the Commission containing an audited balance sheet reflecting the receipt by the Company of the gross proceeds of the Offering, including the proceeds received by the Company from the
exercise by the underwriters of their right to purchase additional Units in the Offering (the “Over-allotment Option”), if the Over-allotment Option is exercised prior to the filing of the
Form 8-K, and (B) the Company issues a press release and files with the Commission a current report on Form 8-K announcing when such separate trading
shall begin. 
 2.5.    No Fractional Warrants Other Than as Part of Units. The Company shall
not issue fractional Warrants other than as part of the Units, each of which is comprised of one Ordinary Share and one-half of one Public Warrant. If, upon the detachment of Public Warrants from Units or
otherwise, a holder of Warrants would be entitled to receive a fractional Warrant, the Company shall round down to the nearest whole number the number of Warrants to be issued to such holder. 

  
 3 

 2.6.    Private Placement Warrants and Working Capital Warrants.

 The Private Placement Warrants and the Working Capital Warrants shall be identical to the Public Warrants, except that so long as they
are held by the Sponsor, the Underwriter or any of their respective Permitted Transferees (as defined below), as applicable, the Private Placement Warrants and the Working Capital Warrants: (i) may be exercised for cash or on a cashless basis,
pursuant to subsection 3.3.1(c), (ii) may not be transferred, assigned or sold until thirty (30) days after the completion by the Company of an initial Business Combination (as defined below) and (iii) shall
not be redeemable by the Company; provided, however, that in the case of the preceding clause (ii), the Private Placement Warrants, the Working Capital Warrants and any Ordinary Shares issued upon exercise of the Private Placement
Warrants or the Working Capital Warrants and held by the Sponsor, the Underwriter or any of their respective Permitted Transferees, may be transferred by the holders thereof: 

(a)    (1) in the case of the Sponsor Private Placement Warrants, the Working Capital Warrants and any Ordinary Shares
issued upon exercise of the Sponsor Private Placement Warrants or the Working Capital Warrants, to the Company’s officers or directors, any affiliates or family members of any of the Company’s officers or directors, or any affiliate or
member(s) of the Sponsor and (2) in the case of the Underwriter Private Placement Warrants and any Ordinary Shares issued upon exercise of the Underwriter Private Placement Warrants, to any affiliate or member(s) of the Underwriter; 

(b)    in the case of an individual, by gift to a member of the individual’s immediate family, to a trust, the
beneficiary of which is a member of the individual’s immediate family, or an affiliate of such person, or to a charitable organization; 

(c)    in the case of an individual, by virtue of applicable laws of descent and distribution upon death of such
individual; 
 (d)    in the case of an individual, pursuant to a qualified domestic relations order; 

(e)    by private sales or transfers made in connection with the consummation of the Company’s initial Business
Combination at prices no greater than the price at which the Warrants were originally purchased; 
 (f)    in the event
of the Company’s liquidation prior to the completion of the Company’s initial Business Combination; or 

(g)    by virtue of the laws of the Cayman Islands or the Sponsor’s or the Underwriter’s limited liability
company agreement upon termination or dissolution of the Sponsor or Underwriter (as applicable); 
 provided, however, that, in the case of
clauses (a) through (e) or (g), these transferees (the “Permitted Transferees”) must enter into a written agreement agreeing to be bound by the transfer restrictions in this Agreement and the other restrictions
contained in the letter agreement, dated as of the date hereof, by and among the Company, the Sponsor and the Company’s directors and officers and by the same agreements entered into by the Sponsor and the Underwriter, as applicable, with
respect to such securities (including provisions relating to voting, the trust account and liquidation distributions described elsewhere in the Prospectus). 

2.7.    Working Capital Warrants. The Working Capital Warrants shall be identical to the Private Placement
Warrants. 
 2.8.    Post-IPO Warrants. The Post-IPO Warrants, when and if issued, shall have the same terms and be in the same form as the Public Warrants except as may be agreed upon by the Company. 

3.    Terms and Exercise of Warrants. 

3.1.    Warrant Price. Each Warrant shall, when countersigned by the Warrant Agent (if a physical certificate is
issued), entitle the Registered Holder thereof, subject to the provisions of such Warrant and of this Agreement, to purchase from the Company the number of Ordinary Shares stated 

  
 4 

 
therein, at the price of $11.50 per share, subject to the adjustments provided in Section 4 and in the last sentence of this Section 3.1. The
term “Warrant Price” as used in this Agreement shall mean the price per share at which Ordinary Shares may be purchased at the time a Warrant is exercised. The Company in its sole discretion may lower the Warrant Price at any time prior to
the Expiration Date (as defined below) for a period of not less than twenty (20) Business Days, provided that the Company shall provide at least twenty (20) days prior written notice of such reduction to Registered Holders of the
Warrants and, provided further that any such reduction shall be identical among all of the Warrants. 

3.2.    Duration of Warrants. A Warrant may be exercised only during the period (the “Exercise
Period”) commencing on the later of: (i) the date that is thirty (30) days after the first date on which the Company completes a merger, share exchange, asset acquisition, share purchase, reorganization or similar business
combination, involving the Company and one or more businesses (a “Business Combination”), and (ii) the date that is twelve (12) months from the date of the closing of the Offering, and terminating at 5:00 p.m., New
York City time on the earlier to occur of: (x) the date that is five (5) years after the date on which the Company completes its Business Combination, (y) the liquidation of the Company in accordance with the Company’s amended
and restated memorandum and articles of association, as amended and/or restated from time to time (the “Memorandum and Articles”), if the Company fails to complete a Business Combination or (z) other than with respect to
the Private Placement Warrants and the Working Capital Warrants then held by the Sponsor or the Underwriter or any officers or directors of the Company, or any of their respective Permitted Transferees as provided in
Section 6.1, the Redemption Date (as defined below) as provided in Section 6.3 (the “Expiration Date”); provided, however, that the exercise of any Warrant
shall be subject to the satisfaction of any applicable conditions, as set forth in subsection 3.3.2 with respect to an effective registration statement. Except with respect to the right to receive the Redemption Price (as defined below), in
the event of a redemption (as set forth in Section 6), each outstanding Warrant (other than a Private Placement Warrant or a Working Capital Warrant held by the Sponsor, the Underwriter or any officers or directors of the
Company, or any of their respective Permitted Transferees) not exercised on or before the Expiration Date shall become void, and all rights thereunder and all rights in respect thereof under this Agreement shall cease at 5:00 p.m. New York City
time on the Expiration Date. The Company in its sole discretion may extend the duration of the Warrants by delaying the Expiration Date; provided that the Company shall provide at least twenty (20) days prior written notice of any such
extension to Registered Holders of the Warrants and, provided further that any such extension shall be identical in duration among all the Warrants. 

3.3.    Exercise of Warrants. 

3.3.1.    Payment. Subject to the provisions of the Warrant and this Agreement, a Warrant, when countersigned by
the Warrant Agent (if a physical certificate is issued), may be exercised by the Registered Holder thereof by surrendering it, at the office of the Warrant Agent, or at the office of its successor as Warrant Agent, in the Borough of Manhattan, City
and State of New York, with the subscription form, as set forth in the Warrant, duly executed, and by paying in full the Warrant Price for each full Ordinary Share as to which the Warrant is exercised and any and all applicable taxes due in
connection with the exercise of the Warrant, the exchange of the Warrant for Ordinary Shares and the issuance of such Ordinary Shares, as follows: 

(a)    in lawful money of the United States, in good certified check or good bank draft payable to the Warrant Agent or
by wire transfer of immediately available funds; 
 (b)    in the event of a redemption pursuant
to Section 6.1 in which the Company’s board of directors (the “Board”) has elected to require all holders of the Warrants to exercise such Warrants on a “cashless basis,” by
surrendering the Warrants for that number of Ordinary Shares equal to the quotient obtained by dividing (x) the product of the number of Ordinary Shares underlying 

  
 5 

 
the Warrants, multiplied by the excess of the “Fair Market Value”, as defined in this subsection 3.3.1(b), over the Warrant Price by (y) the Fair Market Value. Solely
for purposes of this subsection 3.3.1(b) and Section 6.4, the “Fair Market Value” shall mean the average reported closing price of the Ordinary Shares for the ten (10) trading days ending on the third trading day
prior to the date on which the notice of redemption is sent to the holders of the Warrants, pursuant to Section 6; 

(c)    with respect to any Private Placement Warrant or Working Capital Warrant, so long as such Private Placement
Warrant or Working Capital Warrant is held by the Sponsor, the Underwriter or any officer or director of the Company, or any of their respective Permitted Transferees, by surrendering the Warrants for that number of Ordinary Shares equal to the
quotient obtained by dividing (x) the product of the number of Ordinary Shares underlying the Warrants, multiplied by the excess of the “Fair Market Value”, as defined in this subsection 3.3.1(c), over the Warrant
Price by (y) the Fair Market Value. Solely for purposes of this subsection 3.3.1(c), the “Fair Market Value” shall mean the average reported closing price of the Ordinary Shares for the ten (10) trading days
ending on the third trading day prior to the date on which notice of exercise of the Private Placement Warrant or Working Capital Warrant is sent to the Warrant Agent; or 

(d)    as provided in Section 7.4. 

3.3.2.    Issuance of Ordinary Shares on Exercise. As soon as practicable after the exercise of any Warrant and
the clearance of the funds in payment of the Warrant Price (if payment is pursuant to subsection 3.3.1(a)), the Company shall issue to the Registered Holder of such Warrant a book-entry position or certificate, as applicable, for the number
of Ordinary Shares to which he, she or it is entitled, registered in such name or names as may be directed by him, her or it, and if such Warrant shall not have been exercised in full, a new book-entry position or countersigned Warrant, as
applicable, for the number of Ordinary Shares as to which such Warrant shall not have been exercised. If fewer than all the Warrants evidenced by a Book-Entry Warrant Certificate are exercised, a notation shall be made to the records maintained by
the Depositary, its nominee for each Book-Entry Warrant Certificate, or a Participant, as appropriate, evidencing the balance of the Warrants remaining after such exercise. Notwithstanding the foregoing, the Company shall not be obligated to deliver
any Ordinary Shares pursuant to the exercise of a Warrant and shall have no obligation to settle such Warrant exercise unless a registration statement under the Securities Act with respect to the Ordinary Shares underlying the Public Warrants is
then effective and a prospectus relating thereto is current, subject to the Company’s satisfying its obligations under Section 7.4. No Warrant shall be exercisable and the Company shall not be obligated to issue
Ordinary Shares upon exercise of a Warrant unless the Ordinary Shares issuable upon such Warrant exercise has been registered, qualified or deemed to be exempt from registration or qualification under the securities laws of the state of residence of
the Registered Holder of the Warrants. In the event that the conditions in the two immediately preceding sentences are not satisfied with respect to a Warrant, the holder of such Warrant shall not be entitled to exercise such Warrant and such
Warrant may have no value and expire worthless, in which case the purchaser of a Unit containing such Public Warrants shall have paid the full purchase price for the Unit solely for the Ordinary Shares underlying such Unit. In no event will the
Company be required to net cash settle the Warrant exercise. The Company may require holders of Public Warrants to settle the Warrant on a “cashless basis” pursuant to Section 7.4. If, by reason of any exercise of
Warrants on a “cashless basis”, the holder of any Warrant would be entitled, upon the exercise of such Warrant, to receive a fractional interest in an Ordinary Share, the Company shall round down to the nearest whole number, the number of
Ordinary Shares to be issued to such holder. 
 3.3.3.    Valid Issuance. All Ordinary Shares issued upon the
proper exercise of a Warrant in conformity with this Agreement shall be validly issued, fully paid and non-assessable. 

  
 6 

 3.3.4.    Date of Issuance. Each person in whose name any
book-entry position or certificate, as applicable, for Ordinary Shares is issued shall for all purposes be deemed to have become the holder of record of such Ordinary Shares on the date on which the Warrant, or book-entry position representing such
Warrant, was surrendered and payment of the Warrant Price was made, irrespective of the date of delivery of such certificate in the case of a certificated Warrant, except that, if the date of such surrender and payment is a date when the share
transfer books of the Company or book-entry system of the Warrant Agent are closed, such person shall be deemed to have become the holder of such Ordinary Shares at the close of business on the next succeeding date on which the share transfer books
or book-entry system are open. 
 3.3.5.    Maximum Percentage. A holder of a Warrant may notify the Company in
writing in the event it elects to be subject to the provisions contained in this subsection 3.3.5; however, no holder of a Warrant shall be subject to this subsection 3.3.5 unless he, she or it makes such election. If the election is
made by a holder, the Warrant Agent shall not effect the exercise of the holder’s Warrant, and such holder shall not have the right to exercise such Warrant, to the extent that after giving effect to such exercise, such person and any of its
affiliates or any other person subject to aggregation with such person (together with such person’s affiliates), to the Warrant Agent’s actual knowledge, would beneficially own in excess of 4.9% or 9.8% (or such other amount as a holder
may specify) (the “Maximum Percentage”) of the Ordinary Shares outstanding immediately after giving effect to such exercise. For purposes of the foregoing sentence, the aggregate number of Ordinary Shares beneficially owned
by such person and its affiliates shall include the number of Ordinary Shares issuable upon exercise of the Warrant with respect to which the determination of such sentence is being made, but shall exclude Ordinary Shares that would be issuable upon
(x) exercise of the remaining, unexercised portion of the Warrant beneficially owned by such person and its affiliates and (y) exercise or conversion of the unexercised or unconverted portion of any other securities of the Company
beneficially owned by such person and its affiliates (including, without limitation, any convertible notes or convertible preferred shares or warrants) subject to a limitation on conversion or exercise analogous to the limitation contained herein.
Except as set forth in the preceding sentence, for purposes of this paragraph, beneficial ownership shall be calculated in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amended (the “Exchange
Act”). For purposes of the Warrant, in determining the number of outstanding Ordinary Shares, the holder may rely on the number of Ordinary Shares as reflected in (1) the Company’s most recent annual report on Form 10-K, quarterly report on Form 10-Q, current report on Form 8-K or other public filing with the Commission as the
case may be, (2) a more recent public announcement by the Company or (3) any other notice by the Company or the Transfer Agent setting forth the number of Ordinary Shares outstanding. For any reason at any time, upon the written request of
the holder of the Warrant, the Company shall, within two (2) Business Days, confirm orally and in writing to such holder the number of Ordinary Shares then outstanding. In any case, the number of outstanding Ordinary Shares shall be determined
after giving effect to the conversion or exercise of equity securities of the Company by the holder and its affiliates since the date as of which such number of outstanding Ordinary Shares was reported. By written notice to the Company, the holder
of a Warrant may from time to time increase or decrease the Maximum Percentage applicable to such holder to any other percentage specified in such notice; provided, however, that any such increase shall not be effective until the
sixty-first (61st) day after such notice is delivered to the Company. 
 4.    Adjustments. 

4.1.    Share Capitalizations. 

4.1.1.    Share Sub-Divisions. If after the date hereof, and subject to
the provisions of Section 4.6 below, the number of outstanding Ordinary Shares is increased by a share capitalization payable in Ordinary Shares, or by a share sub-division of
Ordinary Shares or other similar 

  
 7 

 
event, then, on the effective date of such share capitalization, share sub-division or similar event, the number of Ordinary Shares issuable on exercise of
each Warrant shall be increased in proportion to such increase in the outstanding Ordinary Shares. A rights offering to holders of the Ordinary Shares entitling holders to purchase Ordinary Shares at a price less than the “Fair Market
Value” (as defined below) shall be deemed a Share Capitalization of a number of Ordinary Shares equal to the product of (i) the number of Ordinary Shares actually sold in such rights offering (or issuable under any other equity securities
sold in such rights offering that are convertible into or exercisable for Ordinary Shares) and (ii) one (1) minus the quotient of (x) the price per Ordinary Share paid in such rights offering divided by (y) the Fair Market Value.
For purposes of this subsection 4.1.1, (a) if the rights offering is for securities convertible into or exercisable for Ordinary Shares, in determining the price payable for Ordinary Shares, there shall be taken into account any
consideration received for such rights, as well as any additional amount payable upon exercise or conversion and (b) “Fair Market Value” means the average reported closing price of the Ordinary Shares as reported during the ten
(10) trading day period ending on the trading day prior to the first date on which the Ordinary Shares trade on the applicable exchange or in the applicable market, regular way, without the right to receive such rights. 

4.1.2.    Extraordinary Dividends. If the Company, at any time while the Warrants are outstanding and unexpired,
shall pay a dividend or make a distribution in cash, securities or other assets to the holders of the Ordinary Shares on account of such Ordinary Shares (or other shares of the Company into which the Warrants are convertible), other than (a) as
described in subsection 4.1.1 above, (b) Ordinary Cash Dividends (as defined below), (c) to satisfy the redemption rights of the holders of Ordinary Shares in connection with a proposed initial Business Combination, (d) to
satisfy the redemption rights of the holders of Ordinary Shares in connection with a shareholder vote to amend the Company’s Memorandum and Articles (i) to modify the substance or timing of the Company’s obligation to provide for the
redemption of its public Ordinary Shares in connection with an initial Business Combination or to redeem 100% of such shares if the Company has not consummated an initial Business Combination within such time as is described in the Company’s
Memorandum and Articles or (ii) with respect to any other material provisions relating to shareholders’ rights or pre-initial Business Combination activity, or (e) in connection with the
redemption of the Ordinary Shares included in the Units sold in the Offering upon the failure of the Company to complete its initial Business Combination and any subsequent distribution of its assets upon its liquidation (any such non-excluded event being referred to herein as an “Extraordinary Dividend”), then the Warrant Price shall be decreased, effective immediately after the effective date of such Extraordinary
Dividend, by the amount of cash and/or the fair market value (as determined by the Board, in good faith) of any securities or other assets paid on each Ordinary Share in respect of such Extraordinary Dividend. For purposes of this
subsection 4.1.2, “Ordinary Cash Dividends” means any cash dividend or cash distribution which, when combined on a per share basis, with the per share amounts of all other cash dividends and cash
distributions paid on the Ordinary Shares during the 365-day period ending on the date of declaration of such dividend or distribution (as adjusted to appropriately reflect any of the events referred to in
other subsections of this Section 4 and excluding cash dividends or cash distributions that resulted in an adjustment to the Warrant Price or to the number of Ordinary Shares issuable on exercise of each Warrant) does not
exceed $0.50 (being 5% of the offering price of the Units in the Offering). 
 4.2.    Aggregation of Shares. If
after the date hereof, and subject to the provisions of Section 4.6, the number of outstanding Ordinary Shares is decreased by a consolidation, combination, reverse share
sub-divisions or reclassification of Ordinary Shares or other similar event, then, on the effective date of such consolidation, combination, reverse share sub-division,
reclassification or similar event, the number of Ordinary Shares issuable on exercise of each Warrant shall be decreased in proportion to such decrease in outstanding Ordinary Shares. 

  
 8 

 4.3.    Adjustments in Warrant Price. 

4.3.1.    Whenever the number of Ordinary Shares purchasable upon the exercise of the Warrants is adjusted, as provided
in subsection 4.1.1 or Section 4.2 above, the Warrant Price shall be adjusted (to the nearest cent) by multiplying such Warrant Price immediately prior to such adjustment by a fraction (x) the
numerator of which shall be the number of Ordinary Shares purchasable upon the exercise of the Warrants immediately prior to such adjustment, and (y) the denominator of which shall be the number of Ordinary Shares so purchasable immediately
thereafter. 
 4.3.2.    If the Company issues additional Ordinary Shares or equity-linked securities for capital
raising purposes in connection with the closing of its initial Business Combination at an issue price or effective issue price of less than $9.20 per share (as adjusted for share sub-divisions, share
capitalizations, rights issuances, reorganizations, recapitalizations and the like) of Ordinary Shares, with such issue price or effective issue price to be determined in good faith by the Board (and in the case of any such issuance to the initial
shareholders (as defined in the Prospectus) or their affiliates, without taking into account any Founder Shares (as defined below) held by such shareholders or their affiliates, as applicable, prior to such issuance) (the “Newly Issued
Price”), (y) the aggregate gross proceeds from such issuances represent more than 60% of the total equity proceeds, and interest thereon, available for the funding of its initial business combination on the date of the consummation of
its initial Business Combination (net of redemptions), and (z) the volume weighted average trading price of the Ordinary Shares during the 20 trading day period starting on the trading day prior to the day on which the Company consummates its
initial Business Combination (such price, the “Market Value”) is below $9.20 per share (as adjusted for share sub-divisions, share capitalizations, rights issuances, reorganizations,
recapitalizations and the like), then the Warrant Price shall be adjusted (to the nearest cent) to be equal to 115% of the higher of the Market Value and the Newly Issued Price and the Redemption Trigger Price (as defined below) will be adjusted (to
the nearest cent) to be equal to 180% of the higher of the Market Value and the Newly Issued Price. 

4.4.    Replacement of Securities upon Reorganization, etc. In case of any reclassification or
reorganization of the outstanding Ordinary Shares (other than a change under subsections 4.1.1 or 4.1.2 or Section 4.2 or that solely affects the par value of such Ordinary Shares), or in the case of any
merger or consolidation of the Company with or into another entity or conversion of the Company as another entity (other than a consolidation or merger in which the Company is the continuing company or corporation (and is not a subsidiary of another
entity whose shareholders did not own all or substantially all of the Ordinary Shares in substantially the same proportions immediately before such transaction) and that does not result in any reclassification or reorganization of the outstanding
Ordinary Shares), or in the case of any sale or conveyance to another company, corporation or entity of the assets or other property of the Company as an entirety or substantially as an entirety in connection with which the Company is dissolved, the
holders of the Warrants shall thereafter have the right to purchase and receive, upon the basis and upon the terms and conditions specified in the Warrants and in lieu of the Ordinary Shares immediately theretofore purchasable and receivable upon
the exercise of the rights represented thereby, the kind and amount of shares or other securities or property (including cash) receivable upon such reclassification, reorganization, merger or consolidation, or upon a dissolution following any such
sale or transfer, that the holder of the Warrants would have received if such holder had exercised his, her or its Warrant(s) immediately prior to such event (the “Alternative Issuance” ); provided,
however, that (i) if the holders of the Ordinary Shares were entitled to exercise a right of election as to the kind or amount of securities, cash or other assets receivable upon such consolidation or merger, then the kind and amount of
securities, cash or other assets constituting the Alternative Issuance for which each Warrant shall become exercisable shall be deemed to be the weighted average of the kind and amount received per share by the holders of the Ordinary Shares in such
consolidation or merger that affirmatively make such election and (ii) if a tender, exchange or redemption offer shall have been made 

  
 9 

 
to and accepted by the holders of the Ordinary Shares (other than a tender, exchange or redemption offer made by the Company in connection with redemption rights held by shareholders of the
Company as provided for in the Company’s Memorandum and Articles or as a result of the repurchase of Ordinary Shares by the Company if a proposed initial Business Combination is presented to the shareholders of the Company for approval) under
circumstances in which, upon completion of such tender or exchange offer, the maker thereof, together with members of any group (within the meaning of Rule 13d-5(b)(1) under the Exchange Act (or any
successor rule)) of which such maker is a part, and together with any affiliate or associate of such maker (within the meaning of Rule 12b-2 under the Exchange Act (or any successor rule)) and any members
of any such group of which any such affiliate or associate is a part, own beneficially (within the meaning of Rule 13d-3 under the Exchange Act (or any successor rule)) more than 50% of the outstanding
Ordinary Shares, the holder of a Warrant shall be entitled to receive as the Alternative Issuance, the highest amount of cash, securities or other property to which such holder would actually have been entitled as a shareholder if such Warrant
holder had exercised the Warrant prior to the expiration of such tender or exchange offer, accepted such offer and all of the Ordinary Shares held by such holder had been purchased pursuant to such tender or exchange offer, subject to adjustments
(from and after the consummation of such tender or exchange offer) as nearly equivalent as possible to the adjustments provided for in this Section 4; provided further, that if less than 70% of the
consideration receivable by the holders of the Ordinary Shares in the applicable event is payable in the form of ordinary shares in the successor entity that is listed for trading on a national securities exchange or is quoted in an established over-the-counter market, or is to be so listed for trading or quoted immediately following such event, and if the Registered Holder properly exercises the Warrant within
thirty (30) days following the public disclosure of the consummation of such applicable event by the Company pursuant to a Current Report on Form 8-K filed with the Commission, the Warrant Price
shall be reduced by an amount (in dollars) equal to the difference (but in no event less than zero) of (x) the Warrant Price in effect prior to such reduction minus (y) (A) the Per Share Consideration (as defined below) minus
(B) the Black-Scholes Warrant Value (as defined below). The “Black-Scholes Warrant Value” means the value of a Warrant immediately prior to the consummation of the applicable event based on the Black-Scholes Warrant
Model for a Capped American Call on Bloomberg Financial Markets (“Bloomberg”). For purposes of calculating such amount, (1) Section 6 of this Agreement shall be taken into account, (2) the
price of each Ordinary Share shall be the volume weighted average price of the Ordinary Shares as reported during the ten (10) trading day period ending on the trading day prior to the effective date of the applicable event, (3) the
assumed volatility shall be the 90 day volatility obtained from the HVT function on Bloomberg determined as of the trading day immediately prior to the day of the announcement of the applicable event, and (4) the assumed risk-free interest rate
shall correspond to the U.S. Treasury rate for a period equal to the remaining term of the Warrant. “Per Share Consideration” means (i) if the consideration paid to holders of the Ordinary Shares consists exclusively of
cash, the amount of such cash per Ordinary Share, and (ii) in all other cases, the volume weighted average price of the Ordinary Shares as reported during the ten (10) trading day period ending on the trading day prior to the effective
date of the applicable event. If any reclassification or reorganization also results in a change in Ordinary Shares covered by subsection 4.1.1, then such adjustment shall be made pursuant to
subsection 4.1.1 or Sections 4.2, 4.3 and this Section 4.4. The provisions of this Section 4.4 shall similarly apply to successive
reclassifications, reorganizations, mergers or consolidations, sales or other transfers. In no event will the Warrant Price be reduced to less than the par value per share issuable upon exercise of the Warrant. 

4.5.    Notices of Changes in Warrant. Upon every adjustment of the Warrant Price or the number of Ordinary Shares
issuable upon exercise of a Warrant, the Company shall give written notice thereof to the Warrant Agent, which notice shall state the Warrant Price resulting from such adjustment and the increase or decrease, if any, in the number of Ordinary Shares
purchasable at such price upon the exercise of a Warrant, setting forth in reasonable detail the method of calculation and the facts upon which such calculation is based. Upon the occurrence of any event specified in
Sections 4.1, 

  
 10 

 
4.2, 4.3 or 4.4, the Company shall give written notice of the occurrence of such event to each holder of a Warrant, at the last address set forth for such holder in the
Warrant Register, of the record date or the effective date of the event. Failure to give such notice, or any defect therein, shall not affect the legality or validity of such event. 

4.6.    No Fractional Shares. Notwithstanding any provision contained in this Agreement to the contrary, the
Company shall not issue fractional Ordinary Shares upon the exercise of Warrants. If, by reason of any adjustment made pursuant to this Section 4, the holder of any Warrant would be entitled, upon the exercise of such
Warrant, to receive a fractional interest in a share, the Company shall, upon such exercise, round down to the nearest whole number the number of Ordinary Shares to be issued to such holder. 

4.7.    Form of Warrant. The form of Warrant need not be changed because of any adjustment
pursuant to this Section 4, and Warrants issued after such adjustment may state the same Warrant Price and the same number of Ordinary Shares as is stated in the Warrants initially issued pursuant to this Agreement;
provided, however, that the Company may at any time in its sole discretion make any change in the form of Warrant that the Company may deem appropriate and that does not affect the substance thereof, and any Warrant thereafter issued
or countersigned, whether in exchange or substitution for an outstanding Warrant or otherwise, may be in the form as so changed. 

4.8.    Other Events. In case any event shall occur affecting the Company as to which none of the provisions of the
preceding subsections of this Section 4 are strictly applicable, but which would require an adjustment to the terms of the Warrants in order to (i) avoid an adverse impact on the Warrants and (ii) effectuate the
intent and purpose of this Section 4, then, in each such case, the Company shall appoint a firm of independent public accountants, investment banking or other appraisal firm of recognized national standing, which shall give
its opinion as to whether or not any adjustment to the rights represented by the Warrants is necessary to effectuate the intent and purpose of this Section 4 and, if they determine that an adjustment is necessary, the terms
of such adjustment; provided, however, that under no circumstances shall the Warrants be adjusted pursuant to this Section 4.8 (a) as a result of any issuance of securities in connection with a Business
Combination or (b) solely as a result of an adjustment to the conversion ratio of the Company’s Class B ordinary shares, $0.0001 par value per share (the “Founder Shares”), into Ordinary Shares. The Company
shall adjust the terms of the Warrants in a manner that is consistent with any adjustment recommended in such opinion. 

5.    Transfer and Exchange of Warrants. 

5.1.    Registration of Transfer. The Warrant Agent shall register the transfer, from time to time, of any
outstanding Warrant upon the Warrant Register, upon surrender of such Warrant for transfer, in the case of certificated Warrant, properly endorsed with signatures properly guaranteed and accompanied by appropriate instructions for transfer.
Upon any such transfer, a new Warrant representing an equal aggregate number of Warrants shall be issued and the old Warrant shall be cancelled by the Warrant Agent. In the case of certificated Warrants, the Warrants so cancelled shall be delivered
by the Warrant Agent to the Company from time to time upon request. 
 5.2.    Procedure for Surrender of
Warrants. Warrants may be surrendered to the Warrant Agent, together with a written request for exchange or transfer, and thereupon the Warrant Agent shall issue in exchange therefor one or more new Warrants as requested by the Registered Holder
of the Warrants so surrendered, representing an equal aggregate number of Warrants; provided, however, that in the event that a Warrant surrendered for transfer bears a restrictive legend (as in the case of the Private Placement
Warrants and Working Capital Warrants), the Warrant Agent shall not cancel such Warrant and issue new Warrants in exchange thereof until the Warrant Agent has received an opinion of counsel for the Company stating that such transfer may be made and
indicating whether the new Warrants must also bear a restrictive legend. 

  
 11 

 5.3.    Fractional Warrants. The Warrant Agent shall not be
required to effect any registration of transfer or exchange which shall result in the issuance of a warrant certificate or book-entry position for a fraction of a warrant, except as part of the Units. 

5.4.    Service Charges. No service charge shall be made for any exchange or registration of transfer of Warrants.

 5.5.    Warrant Execution and Countersignature. If a physical certificate is issued, the Warrant Agent is
hereby authorized to countersign and to deliver, in accordance with the terms of this Agreement, the Warrants required to be issued, pursuant to the provisions of this Section 5, and the Company, whenever required by the
Warrant Agent, shall supply the Warrant Agent with Warrants duly executed on behalf of the Company for such purpose. 

5.6.    Transfer of Warrants. Prior to the Detachment Date, the Public Warrants may be transferred or exchanged
only together with the Unit in which such Warrant is included, and only for the purpose of effecting, or in conjunction with, a transfer or exchange of such Unit. Furthermore, each transfer of a Unit on the register relating to such Units shall
operate also to transfer the Warrants included in such Unit. Notwithstanding the foregoing, the provisions of this Section 5.6 shall have no effect on any transfer of Warrants on and after the Detachment Date. 

6.    Redemption. 

6.1.    Redemption of Warrants. Subject to Section 6.5, not less than all of the
outstanding Warrants may be redeemed, at the option of the Company, at any time while they are exercisable and prior to their expiration, at the office of the Warrant Agent, upon notice to the Registered Holders of the Warrants, as described in
Section 6.3 below, at the price of $0.01 per Warrant (the “Redemption Price”), provided that the reported closing price of the Ordinary Shares reported has been at least $18.00 per share (subject to
adjustment in compliance with Section 4) (the “Redemption Trigger Price”), on each of twenty (20) trading days within the thirty (30) trading-day
period ending on the third Business Day prior to the date on which notice of the redemption is given and provided that there is an effective registration statement covering the Ordinary Shares issuable upon exercise of the Warrants, and a current
prospectus relating thereto, available throughout the 30-day Redemption Period (as defined in Section 6.3 below) or the Company has elected to require the exercise of the Warrants on
a “cashless basis” pursuant to subsection 3.3.1 and such cashless exercise is exempt from registration under the Securities Act. 

6.2.    [Intentionally Omitted]. 

6.3.    Date Fixed for, and Notice of, Redemption. In the event that the Company elects to redeem all of the
Warrants pursuant to Section 6.1, the Company shall fix a date for the redemption (the “Redemption Date”). Notice of redemption shall be mailed by first class mail, postage prepaid, by the Company
not less than thirty (30) days prior to the Redemption Date (the “30-day Redemption Period”) to the Registered Holders of the Warrants to be redeemed at their last addresses as
they shall appear on the registration books. Any notice mailed in the manner herein provided shall be conclusively presumed to have been duly given whether or not the Registered Holder received such notice. 

6.4.    Exercise After Notice of Redemption. The Warrants may be exercised, for cash (or on a “cashless
basis” in accordance with subsection 3.3.1(b) of this Agreement) at any time after 

  
 12 

 
notice of redemption shall have been given by the Company pursuant to Section 6.3 and prior to the Redemption Date. In the event that the Company determines to require
all holders of Warrants to exercise their Warrants on a “cashless basis” pursuant to subsection 3.3.1, the notice of redemption shall contain the information necessary to calculate the number of Ordinary Shares to
be received upon exercise of the Warrants, including the “Fair Market Value” (as such term is defined in subsection 3.3.1(b)) in such case. On and after the Redemption Date, the record holder of the Warrants shall
have no further rights except to receive, upon surrender of the Warrants, the Redemption Price. 
 6.5.    Exclusion
of Certain Warrants. The Company agrees that the redemption rights provided in Section 6.1 shall not apply to the Private Placement Warrants, the Working Capital Warrants or the
Post-IPO Warrants (if such Post-IPO Warrants provide that they are non-redeemable by the Company) if at the time of the
redemption such Private Placement Warrants, Working Capital Warrants or Post-IPO Warrants continue to be held by the Sponsor, the Underwriter or any officers or directors of the Company, or any of their
respective Permitted Transferees, as applicable. However, once such Private Placement Warrants, Working Capital Warrants or Post-IPO Warrants are transferred (other than to Permitted Transferees under
Section 2.6), the Company may redeem the Private Placement Warrants, the Working Capital Warrants or the Post-IPO Warrants (if the Post-IPO
Warrants permit such redemption by their terms) pursuant to Section 6.1; provided that the criteria for redemption are met, including the opportunity of the holder of such Private Placement Warrants, Working Capital
Warrants or Post-IPO Warrants to exercise the Private Placement Warrants, the Working Capital Warrants or the Post-IPO Warrants prior to redemption pursuant to
Section 6.1. The Private Placement Warrants, the Working Capital Warrants or the Post-IPO Warrants (if such Post-IPO Warrants provide that they
are non-redeemable by the Company) that are transferred to persons other than Permitted Transferees shall upon such transfer cease to be Private Placement Warrants, Working Capital Warrants or Post-IPO Warrants and shall become Public Warrants under this Agreement. 

7.    Other Provisions Relating to Rights of Holders of Warrants. 

7.1.    No Rights as Shareholder. A Warrant does not entitle the Registered Holder thereof to any of the rights of
a shareholders of the Company, including, without limitation, the right to receive dividends, or other distributions, exercise any preemptive rights to vote or to consent or to receive notice as a shareholder in respect of the meetings of
shareholders or the appointment of directors of the Company or any other matter. 
 7.2.    Lost, Stolen, Mutilated,
or Destroyed Warrants. If any Warrant is lost, stolen, mutilated, or destroyed, the Company and the Warrant Agent may on such terms as to indemnity or otherwise as they may in their discretion impose (which shall, in the case of a mutilated
Warrant, include the surrender thereof), issue a new Warrant of like denomination, tenor, and date as the Warrant so lost, stolen, mutilated, or destroyed. Any such new Warrant shall constitute a substitute contractual obligation of the Company,
whether or not the allegedly lost, stolen, mutilated, or destroyed Warrant shall be at any time enforceable by anyone. 

7.3.    Reservation of Ordinary Shares. The Company shall at all times reserve and keep available a number of its
authorized but unissued Ordinary Shares that shall be sufficient to permit the exercise in full of all outstanding Warrants issued pursuant to this Agreement. 

7.4.    Registration of Ordinary Shares; Cashless Exercise at Company’s Option. 

7.4.1.    Registration of the Ordinary Shares. The Company agrees that as soon as practicable, but in no event
later than fifteen (15) Business Days after the closing of its initial Business Combination, it shall use its best efforts to file with the Commission a registration statement for the 

  
 13 

 
registration, under the Securities Act, of the Ordinary Shares issuable upon exercise of the Warrants. The Company shall use its best efforts to cause the same to become effective and to maintain
the effectiveness of such registration statement, and a current prospectus relating thereto, until the expiration of the Warrants in accordance with the provisions of this Agreement. If any such registration statement has not been declared effective
by the 60th Business Day following the closing of the Business Combination, holders of the Warrants shall have the right, during the period beginning on the 61st Business Day after the closing of the Business Combination and ending upon such
registration statement being declared effective by the Commission, and during any other period when the Company shall fail to have maintained an effective registration statement covering the Ordinary Shares issuable upon exercise of the Warrants, to
exercise such Warrants on a “cashless basis,” by exchanging the Warrants (in accordance with Section 3(a)(9) of the Securities Act (or any successor rule) or another exemption) for that number of Ordinary Shares equal to the
quotient obtained by dividing (x) the product of the number of Ordinary Shares underlying the Warrants, multiplied by the excess of the “Fair Market Value” (as defined below) over the Warrant Price by (y) the Fair Market Value.
Solely for purposes of this subsection 7.4.1, “Fair Market Value” shall mean the average last reported sales price of the Ordinary Shares for the ten (10) trading day period ending on the trading day prior to
the date that notice of exercise is received by the Warrant Agent from the holder of such Warrants or its securities broker or intermediary. The date that notice of cashless exercise is received by the Warrant Agent shall be conclusively determined
by the Warrant Agent. In connection with the “cashless exercise” of a Public Warrant, the Company shall, upon request, provide the Warrant Agent with an opinion of counsel for the Company (which shall be an outside law firm with securities
law experience) stating that (i) the exercise of the Warrants on a cashless basis in accordance with this subsection 7.4.1 is not required to be registered under the Securities Act and (ii) the Ordinary Shares
issued upon such exercise shall be freely tradable under United States federal securities laws by anyone who is not an affiliate (as such term is defined in Rule 144 under the Securities Act (or any successor rule)) of the Company and,
accordingly, shall not be required to bear a restrictive legend. Except as provided in subsection 7.4.2, for the avoidance of any doubt, unless and until all of the Warrants have been exercised or have expired, the Company
shall continue to be obligated to comply with its registration obligations under the first three sentences of this subsection 7.4.1. 

7.4.2.    Cashless Exercise at Company’s Option. If the Ordinary Shares are at the time of any exercise of a
Warrant not listed on a national securities exchange such that it satisfies the definition of a “covered security” under Section 18(b)(1) of the Securities Act (or any successor rule), the Company may, at its option,
(i) require holders of Public Warrants who exercise Public Warrants to exercise such Public Warrants on a “cashless basis” in accordance with Section 3(a)(9) of the Securities Act (or any successor rule) as described in
subsection 7.4.1 and (ii) in the event the Company so elects, the Company shall not be required to file or maintain in effect a registration statement for the registration, under the Securities Act, of the
Ordinary Shares issuable upon exercise of the Warrants, notwithstanding anything in this Agreement to the contrary. If the Company does not so elect, the Company agrees to use its best efforts to register or qualify for sale the Ordinary Shares
issuable upon exercise of the Public Warrants under the blue sky laws of the state of residence of the exercising Public Warrant holder to the extent an exemption is not available. 

8.    Concerning the Warrant Agent and Other Matters. 

8.1.    Payment of Taxes. The Company shall from time to time promptly pay all taxes and charges that may be
imposed upon the Company or the Warrant Agent in respect of the issuance or delivery of Ordinary Shares upon the exercise of the Warrants, but the Company shall not be obligated to pay any transfer taxes in respect of the Warrants or such Ordinary
Shares. 

  
 14 

 8.2.    Resignation, Consolidation, or Merger of Warrant Agent.

 8.2.1.    Appointment of Successor Warrant Agent. The Warrant Agent, or any successor to it hereafter
appointed, may resign its duties and be discharged from all further duties and liabilities hereunder after giving sixty (60) days’ notice in writing to the Company. If the office of the Warrant Agent becomes vacant by resignation or
incapacity to act or otherwise, the Company shall appoint in writing a successor Warrant Agent in place of the Warrant Agent. If the Company shall fail to make such appointment within a period of thirty (30) days after it has been notified in
writing of such resignation or incapacity by the Warrant Agent or by the holder of a Warrant (who shall, with such notice, submit his, her or its Warrant for inspection by the Company), then the holder of any Warrant may apply to the Supreme Court
of the State of New York for the County of New York for the appointment of a successor Warrant Agent at the Company’s cost. Any successor Warrant Agent, whether appointed by the Company or by such court, shall be a corporation organized and
existing under the laws of the State of New York, in good standing and having its principal office in the Borough of Manhattan, City and State of New York, and authorized under such laws to exercise corporate trust powers and subject to supervision
or examination by federal or state authority. After appointment, any successor Warrant Agent shall be vested with all the authority, powers, rights, immunities, duties, and obligations of its predecessor Warrant Agent with like effect as if
originally named as Warrant Agent hereunder, without any further act or deed; but if for any reason it becomes necessary or appropriate, the predecessor Warrant Agent shall execute and deliver, at the expense of the Company, an instrument
transferring to such successor Warrant Agent all the authority, powers, and rights of such predecessor Warrant Agent hereunder; and upon request of any successor Warrant Agent the Company shall make, execute, acknowledge, and deliver any and all
instruments in writing for more fully and effectually vesting in and confirming to such successor Warrant Agent all such authority, powers, rights, immunities, duties, and obligations. 

8.2.2.    Notice of Successor Warrant Agent. In the event a successor Warrant Agent shall be appointed, the
Company shall give notice thereof to the predecessor Warrant Agent and the Transfer Agent for the Ordinary Shares not later than the effective date of any such appointment. 

8.2.3.    Merger or Consolidation of Warrant Agent. Any corporation into which the Warrant Agent may be merged or
with which it may be consolidated or any corporation resulting from any merger or consolidation to which the Warrant Agent shall be a party shall be the successor Warrant Agent under this Agreement without any further act. 

8.3.    Fees and Expenses of Warrant Agent. 

8.3.1.    Remuneration. The Company agrees to pay the Warrant Agent reasonable remuneration for its services as
such Warrant Agent hereunder and shall, pursuant to its obligations under this Agreement, reimburse the Warrant Agent upon demand for all expenditures that the Warrant Agent may reasonably incur in the execution of its duties hereunder. 

8.3.2.    Further Assurances. The Company agrees to perform, execute, acknowledge, and deliver or cause to
be performed, executed, acknowledged, and delivered all such further and other acts, instruments, and assurances as may reasonably be required by the Warrant Agent for the carrying out or performing of the provisions of this Agreement. 

8.4.    Liability of Warrant Agent. 

8.4.1.    Reliance on Company Statement. Whenever in the performance of its duties under this Agreement, the
Warrant Agent shall deem it necessary or desirable that any fact or 

  
 15 

 
matter be proved or established by the Company prior to taking or suffering any action hereunder, such fact or matter (unless other evidence in respect thereof be herein specifically prescribed)
may be deemed to be conclusively proved and established by a statement signed by the Chief Executive Officer, Chief Financial Officer, Secretary or Chairman of the Board of the Company and delivered to the Warrant Agent. The Warrant Agent may rely
upon such statement for any action taken or suffered in good faith by it pursuant to the provisions of this Agreement. 

8.4.2.    Indemnity. The Warrant Agent shall be liable hereunder only for its own gross negligence, willful
misconduct or bad faith. The Company agrees to indemnify the Warrant Agent and save it harmless against any and all liabilities, including judgments, costs and reasonable counsel fees, for anything done or omitted by the Warrant Agent in the
execution of this Agreement, except as a result of the Warrant Agent’s gross negligence, willful misconduct or bad faith. 

8.4.3.    Exclusions. The Warrant Agent shall have no responsibility with respect to the validity of this
Agreement or with respect to the validity or execution of any Warrant (except its countersignature thereof). The Warrant Agent shall not be responsible for any breach by the Company of any covenant or condition contained in this Agreement or in any
Warrant. The Warrant Agent shall not be responsible to make any adjustments required under the provisions of Section 4 or responsible for the manner, method, or amount of any such adjustment or the ascertaining of the
existence of facts that would require any such adjustment; nor shall it by any act hereunder be deemed to make any representation or warranty as to the authorization or reservation of any Ordinary Shares to be issued pursuant to this Agreement or
any Warrant or as to whether any Ordinary Shares shall, when issued, be valid and fully paid and non-assessable. 

8.5.    Acceptance of Agency. The Warrant Agent hereby accepts the agency established by this Agreement and agrees
to perform the same upon the terms and conditions herein set forth and among other things, shall account promptly to the Company with respect to Warrants exercised and concurrently account for, and pay to the Company, all monies received by the
Warrant Agent for the purchase of Ordinary Shares through the exercise of the Warrants. 
 8.6.    Waiver. The
Warrant Agent has no right of set-off or any other right, title, interest or claim of any kind (“Claim”) in, or to any distribution of, the Trust Account (as defined in that certain
Investment Management Trust Agreement, dated as of the date hereof, by and between the Company and the Warrant Agent as trustee thereunder) and hereby agrees not to seek recourse, reimbursement, payment or satisfaction for any Claim against the
Trust Account for any reason whatsoever. The Warrant Agent hereby waives any and all Claims against the Trust Account and any and all rights to seek access to the Trust Account. 

9.    Miscellaneous Provisions. 

9.1.    Successors. All the covenants and provisions of this Agreement by or for the benefit of the Company or the
Warrant Agent shall bind and inure to the benefit of their respective successors and assigns. 
 9.2.    Notices.
Any notice, statement or demand authorized by this Agreement to be given or made by the Warrant Agent or by the holder of any Warrant to or on the Company shall be sufficiently given when so delivered if by hand or overnight delivery or if sent by
certified mail or private courier service within five (5) days after deposit of such notice, postage prepaid, addressed (until another address is filed in writing by the Company with the Warrant Agent), as follows: 

Genesis Park Acquisition Corp. 

2000 Edwards St., Suite B 

Houston, TX 77007 
 Attn.: David
Bilger 

  
 16 

 in each case, with copies to: 

Willkie Farr & Gallagher LLP 

787 Seventh Avenue 
 New York, NY
10019 
 Attn.: William H. Gump 

           Angela Olivarez 

Email: wgump@willkie.com 

            aolivarez@willkie.com 

and 
 White & Case LLP 

1221 Avenue of the Americas 
 New
York, New York 10020 
 Attn: Joel L. Rubinstein 

Email: joel.rubinstein@whitecase.com 
 Any
notice, statement or demand authorized by this Agreement to be given or made by the holder of any Warrant or by the Company to or on the Warrant Agent shall be sufficiently given when so delivered if by hand or overnight delivery or if sent by
certified mail or private courier service within five (5) days after deposit of such notice, postage prepaid, addressed (until another address is filed in writing by the Warrant Agent with the Company), as follows: 

Continental Stock Transfer & Trust Company 

1 State Street, 30th Floor 
 New
York, NY 10004 
 Attention: Compliance Department 

9.3.    Applicable Law. The validity, interpretation, and performance of this Agreement and of the Warrants shall
be governed in all respects by the laws of the State of New York, without giving effect to conflicts of law principles that would result in the application of the substantive laws of another jurisdiction. The Company hereby agrees that any action,
proceeding or claim against it arising out of or relating in any way to this Agreement shall be brought and enforced in the courts of the State of New York or the United States District Court for the Southern District of New York, and irrevocably
submits to such jurisdiction, which jurisdiction shall be exclusive. The Company hereby waives any objection to such exclusive jurisdiction and that such courts represent an inconvenient forum. Notwithstanding the foregoing, the provisions of this
paragraph will not apply to suits brought to enforce any liability or duty created by the Exchange Act or any other claim for which the federal district courts of the United States of America are the sole and exclusive forum. 

Any person or entity purchasing or otherwise acquiring any interest in the Warrants shall be deemed to have notice of and to have consented to the provisions
in this Section 9.3. If any action, the subject matter of which is within the scope of the forum provisions above, is filed in a court other than a court located within the State of New York or the United States District Court for the Southern
District of New York (a “foreign action”) in the name of any warrant holder, such warrant holder shall be deemed to have consented to: (x) the personal jurisdiction of the state and federal courts located within the State of New York or
the United States District Court for the Southern District of New York in connection with any action brought in any such court to enforce the forum provisions (an “enforcement action”), and (y) having service of process made upon such
warrant holder in any such enforcement action by service upon such warrant holder’s counsel in the foreign action as agent for such warrant holder. 

9.4.    Persons Having Rights under this Agreement. Nothing in this Agreement shall be construed to confer upon, or
give to, any person or entity other than the parties hereto and the Registered Holders of the Warrants any right, remedy, or claim under or by reason of this Agreement or of any covenant, condition, stipulation, promise, or agreement hereof. All
covenants, conditions, stipulations, promises, and agreements contained in this Agreement shall be for the sole and exclusive benefit of the parties hereto and their successors and assigns and of the Registered Holders of the Warrants. 

  
 17 

 9.5.    Examination of the Warrant Agreement. A copy of this
Agreement shall be available at all reasonable times at the office of the Warrant Agent in the Borough of Manhattan, City and State of New York, for inspection by the Registered Holder of any Warrant. The Warrant Agent may require any such holder to
submit such holder’s Warrant for inspection by the Warrant Agent. 
 9.6.    Counterparts. This Agreement
may be executed in any number of original or facsimile counterparts and each of such counterparts shall for all purposes be deemed to be an original, and all such counterparts shall together constitute but one and the same instrument. 

9.7.    Effect of Headings. The section headings herein are for convenience only and are not part of this Agreement
and shall not affect the interpretation thereof. 
 9.8.    Amendments. This Agreement may be amended by the
parties hereto without the consent of any Registered Holder for the purpose of curing any ambiguity, or curing, correcting or supplementing any defective provision contained herein or adding or changing any other provisions with respect to matters
or questions arising under this Agreement as the parties may deem necessary or desirable and that the parties deem shall not adversely affect the interest of the Registered Holders. All other modifications or amendments, including any amendment to
increase the Warrant Price or shorten the Exercise Period, shall require the vote or written consent of the Registered Holders of a majority of the then-outstanding Public Warrants and, solely with respect to any amendment to the terms of, or any
provision of, this Agreement with respect to the Private Placement Warrants, Working Capital Warrants or Post-IPO Warrants, a majority of the number of the then outstanding Private Placement Warrants, Working
Capital Warrants or Post-IPO Warrants. Notwithstanding the foregoing, the Company may lower the Warrant Price or extend the duration of the Exercise Period pursuant to Sections 3.1
and 3.2, respectively, without the consent of the Registered Holders. 
 9.9.    Severability. This
Agreement shall be deemed severable, and the invalidity or unenforceability of any term or provision hereof shall not affect the validity or enforceability of this Agreement or of any other term or provision hereof. Furthermore, in lieu of any such
invalid or unenforceable term or provision, the parties hereto intend that there shall be added as a part of this Agreement a provision as similar in terms to such invalid or unenforceable provision as may be possible and be valid and enforceable.

 [Signature page follows] 

  
 18 

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

			
	GENESIS PARK ACQUISITION CORP.

 
			
		
	By:	 	  

 
			
	 Name:
 Title:
	 	
	
	 CONTINENTAL STOCK TRANSFER &

TRUST COMPANY, as Warrant Agent

 
			
		
	By:	 	  

 
			
	 Name:
 Title:
	 	

  
 19 

 EXHIBIT A 

[Form of Warrant Certificate] 

[FACE] 
 Number 

Warrants 
 THIS WARRANT
SHALL BE VOID IF NOT EXERCISED PRIOR TO 
 THE EXPIRATION OF THE EXERCISE PERIOD PROVIDED FOR 

IN THE WARRANT AGREEMENT DESCRIBED BELOW 

GENESIS PARK ACQUISITION CORP. 

Incorporated Under the Laws of the Cayman Islands 

CUSIP [●] 
 Warrant
Certificate 
 This Warrant Certificate certifies that
                , or registered assigns, is the registered holder of                
warrant(s) evidenced hereby (the “Warrants” and each, a “Warrant”) to purchase Class A ordinary shares, $0.0001 par value per share (“Ordinary Shares”), of Genesis
Park Acquisition Corp., a Cayman Islands exempted company (the “Company”). Each whole Warrant entitles the holder, upon exercise during the period set forth in the Warrant Agreement referred to below, to receive from the
Company that number of fully paid and non-assessable Ordinary Shares as set forth below, at the exercise price (the “Exercise Price”) as determined pursuant to the Warrant Agreement,
payable in lawful money (or through “cashless exercise” as provided for in the Warrant Agreement) of the United States of America upon surrender of this Warrant Certificate and payment of the Exercise Price at the office or
agency of the Warrant Agent referred to below, subject to the conditions set forth herein and in the Warrant Agreement. Defined terms used in this Warrant Certificate but not defined herein shall have the meanings given to them in the Warrant
Agreement. 
 Each whole Warrant is initially exercisable for one fully paid and non-assessable
Ordinary Share. No fractional shares will be issued upon exercise of any Warrant. If, upon the exercise of a Warrant, a holder would be entitled to receive a fractional interest in a share, the Company will, upon exercise, round down to the
nearest whole number of the number of Ordinary Shares to be issued to the holder. The number of Ordinary Shares issuable upon exercise of the Warrants is subject to adjustment upon the occurrence of certain events set forth in the Warrant Agreement.

 The initial Exercise Price per Ordinary Share for any Warrant is equal to $11.50 per share. The Exercise Price is subject to adjustment
upon the occurrence of certain events set forth in the Warrant Agreement. 
 Subject to the conditions set forth in the Warrant Agreement,
the Warrants may be exercised only during the Exercise Period and to the extent not exercised by the end of such Exercise Period, such Warrants shall become void. 

The Warrants may be redeemed, subject to certain conditions, as set forth in the Warrant Agreement. 

  
 A-1 

 Reference is hereby made to the further provisions of this Warrant Certificate set forth on
the reverse hereof and such further provisions shall for all purposes have the same effect as though fully set forth at this place. 
 This
Warrant Certificate shall not be valid unless countersigned by the Warrant Agent, as such term is used in the Warrant Agreement. 
 This
Warrant Certificate shall be governed by and construed in accordance with the internal laws of the State of New York, without regard to conflicts of laws principles thereof. 

 

			
	GENESIS PARK ACQUISITION CORP.

 
			
		
	By:	 	  

 
			
	 Name:
 Title:
	 	
	
	 CONTINENTAL STOCK TRANSFER &

TRUST COMPANY, as Warrant Agent

 
			
		
	By:	 	  

 
			
	 Name:
 Title:
	 	

  
 A-2 

 [Form of Warrant Certificate] 

[Reverse] 
 The Warrants
evidenced by this Warrant Certificate are part of a duly authorized issue of Warrants entitling the holder on exercise to receive                 Ordinary Shares
and are issued or to be issued pursuant to a Warrant Agreement dated as of                 , 2020 (the “Warrant Agreement”), duly executed and
delivered by the Company to Continental Stock Transfer & Trust Company, a New York corporation, as warrant agent (the “Warrant Agent”), which Warrant Agreement is hereby incorporated by reference in and made a part
of this instrument and is hereby referred to for a description of the rights, limitation of rights, obligations, duties and immunities thereunder of the Warrant Agent, the Company and the holders (the words “holders” or
“holder” meaning the Registered Holders or Registered Holder) of the Warrants. A copy of the Warrant Agreement may be obtained by the holder hereof upon written request to the Company. Defined terms used in this
Warrant Certificate but not defined herein shall have the meanings given to them in the Warrant Agreement. 
 Warrants may be exercised at
any time during the Exercise Period set forth in the Warrant Agreement. The holder of Warrants evidenced by this Warrant Certificate may exercise them by surrendering this Warrant Certificate, with the form of election to purchase set forth
hereon properly completed and executed, together with payment of the Exercise Price as specified in the Warrant Agreement (or through “cashless exercise” as provided for in the Warrant Agreement) at the principal corporate trust office of
the Warrant Agent. In the event that upon any exercise of Warrants evidenced hereby the number of Warrants exercised shall be less than the total number of Warrants evidenced hereby, there shall be issued to the holder hereof or his, her or its
assignee, a new Warrant Certificate evidencing the number of Warrants not exercised. 
 Notwithstanding anything else in this Warrant
Certificate or the Warrant Agreement, no Warrant may be exercised unless at the time of exercise (i) a registration statement covering the Ordinary Shares to be issued upon exercise is effective under the Securities Act and (ii) a
prospectus thereunder relating to the Ordinary Shares is current, except through “cashless exercise” as provided for in the Warrant Agreement. 

The Warrant Agreement provides that upon the occurrence of certain events the number of Ordinary Shares upon exercise of the Warrants set
forth on the face hereof may, subject to certain conditions, be adjusted. If, upon exercise of a Warrant, the holder thereof would be entitled to receive a fractional interest in an Ordinary Share, the Company shall, upon exercise, round down
to the nearest whole number of Ordinary Shares to be issued to the holder of the Warrant. 
 Warrant Certificates, when surrendered at the
principal corporate trust office of the Warrant Agent by the Registered Holder thereof in person or by legal representative or attorney duly authorized in writing, may be exchanged, in the manner and subject to the limitations provided in the
Warrant Agreement, but without payment of any service charge, for another Warrant Certificate or Warrant Certificates of like tenor evidencing in the aggregate a like number of Warrants. 

Upon due presentation for registration of transfer of this Warrant Certificate at the office of the Warrant Agent a new Warrant Certificate or
Warrant Certificates of like tenor and evidencing in the aggregate a like number of Warrants shall be issued to the transferee(s) in exchange for this Warrant Certificate, subject to the limitations provided in the Warrant Agreement, without
charge except for any tax or other governmental charge imposed in connection therewith. 

  
 A-3 

 The Company and the Warrant Agent may deem and treat the Registered Holder(s) hereof as the
absolute owner(s) of this Warrant Certificate (notwithstanding any notation of ownership or other writing hereon made by anyone), for the purpose of any exercise hereof, of any distribution to the holder(s) hereof, and for all other purposes, and
neither the Company nor the Warrant Agent shall be affected by any notice to the contrary. Neither the Warrants nor this Warrant Certificate entitles any holder hereof to any rights of a shareholder of the Company. 

  
 A-4 

 Election to Purchase 

(To Be Executed Upon Exercise of Warrant) 

The undersigned hereby irrevocably elects to exercise the right, represented by this Warrant Certificate, to receive
                 Ordinary Shares and herewith tenders payment for such Ordinary Shares to the order of Genesis Park Acquisition Corp. (the “Company”) in
the amount of $                 in accordance with the terms hereof. The undersigned requests that a certificate for such Ordinary Shares be registered in the name
of     , whose address is                  and that such Ordinary Shares be delivered to
                                  whose address is
                . If said number of Ordinary Shares is less than all of the Ordinary Shares purchasable hereunder, the undersigned requests that a new Warrant
Certificate representing the remaining balance of such Ordinary Shares be registered in the name of                 , whose address is     
                      and that such Warrant Certificate be delivered to
                , whose address is                 . 

In the event that the Warrant has been called for redemption by the Company pursuant to Section 6.1 of the
Warrant Agreement and the Company has required cashless exercise pursuant to Section 6.4 of the Warrant Agreement, the number of Ordinary Shares that this Warrant is exercisable for shall be determined in
accordance with subsection 3.3.1(b) and Section 6.4 of the Warrant Agreement. 
 In the
event that the Warrant is a Private Placement Warrant or a Working Capital Warrant that is to be exercised on a “cashless” basis pursuant to subsection 3.3.1(c) of the Warrant Agreement, the number of Ordinary Shares that
this Warrant is exercisable for shall be determined in accordance with subsection 3.3.1(c) of the Warrant Agreement. 

In the event that the Warrant is to be exercised on a “cashless” basis pursuant to Section 7.4 of the
Warrant Agreement, the number of Ordinary Shares that this Warrant is exercisable for shall be determined in accordance with Section 7.4 of the Warrant Agreement. 

In the event that the Warrant may be exercised, to the extent allowed by the Warrant Agreement, through cashless exercise (i) the number
of Ordinary Shares that this Warrant is exercisable for would be determined in accordance with the relevant section of the Warrant Agreement which allows for such cashless exercise and (ii) the holder hereof shall complete the following: The
undersigned hereby irrevocably elects to exercise the right, represented by this Warrant Certificate, through the cashless exercise provisions of the Warrant Agreement, to receive Ordinary Shares. If said number of shares is less than all of
the Ordinary Shares purchasable hereunder (after giving effect to the cashless exercise), the undersigned requests that a new Warrant Certificate representing the remaining balance of such Ordinary Shares be registered in the name of
                , whose address is          
                 and that such Warrant Certificate be delivered to                 ,
whose address is                 . 
 [Signature
Page Follows] 

  
 A-5 

 Date:                , 20

  

	
	  

	(Signature)
	
	  

	  

	  

	(Address)
	
	  

	(Tax Identification Number)

 Signature Guaranteed: 
  

	
	  

 THE SIGNATURE(S) SHOULD BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION (BANKS, STOCKBROKERS, SAVINGS AND LOAN
ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM, PURSUANT TO S.E.C. RULE 17Ad-15 UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED (OR ANY SUCCESSOR
RULE)). 

  
 A-6 

 EXHIBIT B 

PRIVATE PLACEMENT WARRANTS LEGEND 
 “THE
SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED, SOLD, TRANSFERRED OR OTHERWISE DISPOSED OF UNLESS REGISTERED UNDER THE
SECURITIES ACT OF 1933, AS AMENDED, AND ANY APPLICABLE STATE SECURITIES LAWS OR AN EXEMPTION FROM REGISTRATION IS AVAILABLE. IN ADDITION, SUBJECT TO ANY ADDITIONAL LIMITATIONS ON TRANSFER DESCRIBED IN THAT CERTAIN LETTER AGREEMENT BY AND AMONG
GENESIS PARK ACQUISITION CORP. (THE “COMPANY”), GENESIS PARK HOLDINGS AND THE OTHER PARTIES THERETO, THE SECURITIES REPRESENTED BY THIS CERTIFICATE MAY NOT BE SOLD OR TRANSFERRED PRIOR TO THE DATE THAT IS THIRTY (30) DAYS AFTER
THE DATE UPON WHICH THE COMPANY COMPLETES ITS INITIAL BUSINESS COMBINATION (AS DEFINED IN SECTION 3 OF THE WARRANT AGREEMENT REFERRED TO HEREIN) EXCEPT TO A PERMITTED TRANSFEREE (AS DEFINED IN SECTION 2 OF THE WARRANT AGREEMENT) WHO AGREES
IN WRITING WITH THE COMPANY TO BE SUBJECT TO SUCH TRANSFER PROVISIONS. 
 SECURITIES EVIDENCED BY THIS CERTIFICATE AND CLASS A ORDINARY
SHARES ISSUED UPON EXERCISE OF SUCH SECURITIES SHALL BE ENTITLED TO REGISTRATION RIGHTS UNDER A REGISTRATION RIGHTS AGREEMENT TO BE EXECUTED BY THE COMPANY.” 

  
 B-1 

 EXHIBIT C 

PRIVATE PLACEMENT WARRANTS LEGEND 
 “THE
SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED, SOLD, TRANSFERRED OR OTHERWISE DISPOSED OF UNLESS REGISTERED UNDER THE
SECURITIES ACT OF 1933, AS AMENDED, AND ANY APPLICABLE STATE SECURITIES LAWS OR AN EXEMPTION FROM REGISTRATION IS AVAILABLE. IN ADDITION, SUBJECT TO ANY ADDITIONAL LIMITATIONS ON TRANSFER DESCRIBED IN THAT CERTAIN PRIVATE PLACEMENT WARRANTS PURCHASE
AGREEMENT BY AND BETWEEN GENESIS PARK ACQUISITION CORP. (THE “COMPANY”) AND JEFFERIES LLC, THE SECURITIES REPRESENTED BY THIS CERTIFICATE MAY NOT BE SOLD OR TRANSFERRED PRIOR TO THE DATE THAT IS THIRTY (30) DAYS AFTER THE DATE
UPON WHICH THE COMPANY COMPLETES ITS INITIAL BUSINESS COMBINATION (AS DEFINED IN SECTION 3 OF THE WARRANT AGREEMENT REFERRED TO HEREIN) EXCEPT TO A PERMITTED TRANSFEREE (AS DEFINED IN SECTION 2 OF THE WARRANT AGREEMENT) WHO AGREES IN
WRITING WITH THE COMPANY TO BE SUBJECT TO SUCH TRANSFER PROVISIONS. 
 SECURITIES EVIDENCED BY THIS CERTIFICATE AND CLASS A ORDINARY
SHARES ISSUED UPON EXERCISE OF SUCH SECURITIES SHALL BE ENTITLED TO REGISTRATION RIGHTS UNDER A REGISTRATION RIGHTS AGREEMENT TO BE EXECUTED BY THE COMPANY.” 

  
 C-1

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